{"_id": "d8e4ea4ac", "title": "", "text": "| Years Ended December 31, | 2006 | (In millions) | Investment return | Expense | In-force/Persistency | Policyholder dividends and other | Total |"}
{"_id": "d8d3b0d4e", "title": "", "text": "Upon the termination of a participants employment with the Company by reason of death or disability or by the Company without cause (as defined in the respective award agreements), an award in amount equal to (i) the value of the award granted multiplied by (ii) a fraction, (x) the numerator of which is the number of full months between grant date and the date of such termination, and (y) the denominator of which is the term of the award, such product to be rounded down to the nearest whole number, and reduced by (iii) the value of any award that previously vested, shall immediately vest and become payable to the Participant.\nUpon the termination of a Participants employment with the Company for any other reason, any unvested portion of the award shall be forfeited and cancelled without consideration.\nThere was $19 million and $0 million of tax benefit realized from stock option exercises and vesting of RSUs during the years ended December 31, 2010 and 2009, respectively.\nDuring the year ended December 31, 2008 the Company reversed $8 million of the $19 million tax benefit that was realized during the year ended December 31, 2007.\nDeferred Compensation In April 2007, certain participants in the Companys 2004 deferred compensation plan elected to participate in a revised program, which includes both cash awards and restricted stock units (see Restricted Stock Units below).\nBased on participation in the revised program, the Company expensed $9 million, $10 million and $8 million during the years ended December 31, 2010, 2009 and 2008, respectively, related to the revised program and made payments of $4 million during the year ended December 31, 2010 to participants who left the Company and $28 million to active employees during December 2010.\nAs of December 31, 2010, $1 million remains to be paid during 2011 under the revised program.\nAs of December 31, 2009, there was no deferred compensation payable remaining associated with the 2004 deferred compensation plan.\nThe Company recorded expense related to participants continuing in the 2004 deferred"}
{"_id": "d89382114", "title": "", "text": "Note 6—Mergers and Acquisitions ElderTrust Merger On February 5, 2004, the Company consummated a merger transaction in an all cash transaction valued at $184 million (the “ElderTrust Transaction”).\nThe ElderTrust Transaction adds nine assisted living facilities, one independent living facility, five skilled nursing facilities, two medical office buildings and a financial office building (the “ElderTrust Properties”) to the Company’s portfolio.\nThe ElderTrust Properties are leased by the Company to various operators under leases providing for aggregated, annual cash base rent of approximately $16.2 million, subject to escalation as provided in the leases.\nThe leases have remaining terms primarily ranging from four to 11 years.\nAt the closing of the ElderTrust Transaction, the Company also acquired all of the limited partnership units in ElderTrust Operating Limited Partnership (“ETOP”) directly from their owners at $12.50 per unit, excluding 31,455 Class C Units in ETOP (which will remain outstanding).\nETOP owns directly or indirectly all of the ElderTrust Properties.\nThe Company funded the $101 million equity portion of the purchase price with cash on ElderTrust’s balance sheet, a portion of the $85 million in proceeds from its December 2003 sale of ten facilities to Kindred and draws on the Company’s revolving credit facility (the “Revolving Credit Facility”) under its Second Amended and Restated Security and Guaranty Agreement, dated as of April 17, 2002 (the “2002 Credit Agreement”).\nThe Company’s ownership of the ElderTrust Properties is subject to approximately $83 million of property level debt and other liabilities.\nAt the close of the ElderTrust Transaction, ElderTrust had approximately $33.5 million in unrestricted and restricted cash on hand.\nThe acquisition was accounted for under the purchase method.\nThe following table summarizes the preliminary estimated fair values of the assets acquired and liabilities assumed at the date of acquisition.\nSuch estimates are subject to refinement as additional valuation information is received.\nOperations from this merger will be reflected in the Company’s consolidated financial statements for periods subsequent to the acquisition date of February 5, 2004.\nThe Company is in the process of computing fair values, thus, the allocation of the purchase price is subject to refinement."}
{"_id": "d8d151e68", "title": "", "text": "| Total Cumulative Return 2012 2013 2014 2015 2016 | Edwards Lifesciences | S&P 500 | S&P 500 Healthcare Equipment Index |"}
{"_id": "d88daccb2", "title": "", "text": "(a) Represents weighted average price per share.\nThe total aggregate intrinsic value of options (the amount by which the stock price exceeded the exercise price of the option on the date of exercise) that were exercised during 2017, 2016 and 2015 was $142 million, $140 million and $160 million, respectively."}
{"_id": "d8695f904", "title": "", "text": "| (Millions of Dollars) 2005 2004 Variance 2005 vs. 2004 2003 Variance 2004 vs. 2003 | Operating activities | Investing activities | Financing activities | Net change for the period | Balance at beginning of period | Balance at end of period | (Millions of Dollars) | Operating activities | Investing activities | Financing activities | Net change for the period | Balance at beginning of period | Balance at end of period |"}
{"_id": "d85eaad4c", "title": "", "text": "Net Interest Analysis The following table presents average balance data and interest income and expense data, as well as the related net interest income:"}
{"_id": "d8ee54588", "title": "", "text": "| 2010 2009 | Financing proceeds | Capping, closure and post-closure obligations | Self-insurance | Other | Total restricted cash and marketable securities |"}
{"_id": "d8327a646", "title": "", "text": "| (Dollars in millions) Total Lessthan 1year 1-3years 3-5years After 5years | Long-term debt (including current portion) | Interest on debt-1 | Pension and other postretirement cash requirements | Capital lease obligations | Operating lease obligations | Purchase obligations not recorded on the Consolidated Statements of Financial Position | Purchase obligations recorded on the Consolidated Statements of Financial Position | Total contractual obligations |"}
{"_id": "d8876a00c", "title": "", "text": "| Agreed enterprise value $4,719 | Less: fair value of assumed long-term debt outstanding, net | Cash consideration paid to DPL’s common stockholders | Add: cash paid for outstanding stock-based awards | Total cash consideration paid | 2010 | Net Revenues | U.S. and Canada | International | Entertainment and Licensing | Operating Profit | U.S. and Canada | International | Entertainment and Licensing |"}
{"_id": "d8a1177de", "title": "", "text": "| Accumulated Other Comprehensive Income(Loss) (1) (in millions) | Interest rate derivatives | Cross currency derivatives | Foreign currency derivatives | Commodity and other derivatives |"}
{"_id": "d8c9cf906", "title": "", "text": "UNITED PARCEL SERVICE, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) exercised portion of a stock appreciation right will reduce the share reserve by one share.\nEach share issued pursuant to restricted stock and stock units, and restricted performance shares and units, will reduce the share reserve by 2.76 shares.\nAs of December 31, 2009, management incentive awards, stock options, restricted performance units, and restricted stock units had been granted under the Incentive Compensation Plan.\nWe had 65.7 million shares available to be issued under the Incentive Compensation Plan as of December 31, 2009.\nManagement Incentive Awards & Restricted Stock Units Persons earning the right to receive management incentive awards are determined annually by the Compensation Committee of the UPS Board of Directors.\nOur management incentive awards program provides that half of the annual management incentive award, with certain exceptions, be made in restricted stock units (“RSUs”), which generally vest over a five-year period.\nThe other half of the award is in the form of cash or unrestricted shares of class A common stock and is fully vested at the time of grant.\nThese management incentive awards are generally granted in the fourth quarter of each year.\nUpon vesting, RSUs result in the issuance of the equivalent number of UPS class A common shares after required tax withholdings.\nExcept in the case of death, disability, or retirement, RSUs granted for our management incentive awards generally vest over a five year period with approximately 20% of the award vesting at each anniversary date of the grant.\nThe entire grant is expensed on a straight-line basis over the requisite service period.\nAll RSUs granted are subject to earlier cancellation or vesting under certain conditions.\nDividends earned on management incentive award RSUs are reinvested in additional RSUs at each dividend payable date.\nWe also award RSUs in conjunction with our long-term incentive performance awards program to certain eligible employees.\nThe RSUs ultimately granted under the long-term incentive performance award will be based upon the achievement of certain performance measures, including growth in consolidated revenue and operating return on invested capital, each year during the performance award cycle, and other measures, including growth in consolidated earnings, over the entire three year performance award cycle.\nAs of December 31, 2009, we had the following RSUs outstanding, including reinvested dividends."}
{"_id": "d8d24b238", "title": "", "text": "| 2008 2007 2006 | (in thousands, except per share data) | Basic EPS: | Net income available to common shareholders | Basic weighted average shares outstanding | Earnings per share | Diluted EPS: | Net income available to common shareholders | Basic weighted average shares outstanding | Plus: dilutive effect of stock options and restricted stock awards | Diluted weighted average shares outstanding | Earnings per share |"}
{"_id": "d8cc5eb18", "title": "", "text": "| 2014 2013 2012 | Expected term (in years)(1) | Risk-free rate of return-2 | Expected volatility-3 | Expected dividend yield-4 | Fair value per option granted |"}
{"_id": "d8f5489f2", "title": "", "text": "| December 31, | 2009 | % of | Amortized | Cost | (In millions) | Commercial: | Performing | Restructured | Potentially delinquent | Delinquent or under foreclosure | Total | Agricultural -1: | Performing | Restructured | Potentially delinquent | Delinquent or under foreclosure | Total | Residential and Consumer -2: | Performing | Restructured | Potentially delinquent | Delinquent or under foreclosure | Total |"}
{"_id": "d886d0c2c", "title": "", "text": "ITEM 3.\nLEGAL PROCEEDINGS See “Legal and Regulatory Matters” in note 12.\nContingencies to the Consolidated Financial Statements beginning on page 87 for CME Group’s legal proceedings disclosure which is incorporated herein by reference.\nITEM 4.\nMINE SAFETY DISCLOSURES Not applicable.\nthere are many acquisition opportunities available within our target markets.\nThe extent to which we make and effectively integrate appropriate acquisitions will affect our overall growth and operating results.\nWe also continually assess the strategic fit of our existing businesses and may divest businesses that are deemed not to fit with our strategic plan or are not achieving the desired return on investment.\nDanaher Corporation, originally DMG, Inc. , was organized in 1969 as a Massachusetts real estate investment trust.\nIn 1978 it was reorganized as a Florida corporation under the name Diversified Mortgage Investors, Inc.  (“DMI”) which in a second reorganization in 1980 became a subsidiary of a newly created holding company named DMG, Inc.  We adopted the name Danaher in 1984 and were reincorporated as a Delaware corporation following the 1986 annual meeting of our shareholders.\nOperating Segments The table below describes the percentage of our total annual revenues attributable to each of our four segments over each of the last three years:"}
{"_id": "d80ee2864", "title": "", "text": "Kendal Vroman, 39 Mr.  Vroman has served as our Managing Director, Commodity Products, OTC Services & Information Products since February 2010.\nMr.  Vroman previously served as Managing Director and Chief Corporate Development Officer from 2008 to 2010.\nMr.  Vroman joined us in 2001 and since then has held positions of increasing responsibility, including most recently as Managing Director, Corporate Development and Managing Director, Information and Technology Services."}
{"_id": "d8deebccc", "title": "", "text": "| Name of Beneficial Owner Shares of Common Stock Beneficially Owned-1 Percent of Common Stock Outstanding | Fidelity Investments | Steven P. Jobs | William V. Campbell | Timothy D. Cook | Millard S. Drexler | Tony Fadell | Albert A. Gore, Jr. | Ronald B. Johnson | Arthur D. Levinson | Peter Oppenheimer | Eric E. Schmidt | Jerome B. York | All current executive officers and directors as a group (14 persons) |"}
{"_id": "d8d772824", "title": "", "text": "| 2017 2016 | Average borrowings | Maximum borrowings outstanding | Weighted average interest rates, computed on daily basis | Weighted average interest rates, as of December 31 |"}
{"_id": "d86caca6c", "title": "", "text": "| Years Ended December 31 2017 2016 Change 2016 2015 In Millions Change | CMS Energy, including Consumers | Net income | Non-cash transactions1 | Postretirement benefits contributions | Changes in core working capital2 | Changes in other assets and liabilities, net | Net cash provided by operating activities | Consumers | Net income | Non-cash transactions1 | Postretirement benefits contributions | Changes in core working capital2 | Changes in other assets and liabilities, net | Net cash provided by operating activities |"}
{"_id": "d8d259b4e", "title": "", "text": "| Years Ended December 31, | 2008 | (in millions, except per share amounts) | Numerator: | Net income (loss) | Denominator: | Basic: Weighted-average common shares outstanding | Effect of potentially dilutive nonqualified stock options and other share-based awards | Diluted: Weighted-average common shares outstanding | Earnings (loss) per common share: | Basic | Diluted |"}
{"_id": "d89ed6358", "title": "", "text": "Supplementary Information on Oil and Gas Producing Activities (Unaudited)1082017 proved reserves decreased by 647 mmboe primarily due to the following:?\nRevisions of previous estimates: Increased by 49 mmboe primarily due to the acceleration of higher economic wells in the Bakken into the 5-year plan resulting in an increase of 44 mmboe, with the remainder being due to revisions across the business. ?\nExtensions, discoveries, and other additions: Increased by 116 mmboe primarily due to an increase of 97 mmboe associated with the expansion of proved areas and wells to sales from unproved categories in Oklahoma. ?\nPurchases of reserves in place: Increased by 28 mmboe from acquisitions of assets in the Northern Delaware Basin in New Mexico. ?\nProduction: Decreased by 145 mmboe. ?\nSales of reserves in place: Decreased by 695 mmboe including 685 mmboe associated with the sale of our Canadian business and 10 mmboe associated with divestitures of certain conventional assets in Oklahoma and Colorado.\nSee Item 8.\nFinancial Statements and Supplementary Data - Note 5 to the consolidated financial statements for information regarding these dispositions.2016 proved reserves decreased by 67 mmboe primarily due to the following:?\nRevisions of previous estimates: Increased by 63 mmboe primarily due to an increase of 151 mmboe associated with the acceleration of higher economic wells in the U. S.  resource plays into the 5-year plan and a decrease of 64 mmboe due to U. S.  technical revisions.  ?\nExtensions, discoveries, and other additions: Increased by 60 mmboe primarily associated with the expansion of proved areas and new wells to sales from unproven categories in Oklahoma.  ?\nPurchases of reserves in place: Increased by 34 mmboe from acquisition of STACK assets in Oklahoma. ?\nProduction: Decreased by 144 mmboe. ?\nSales of reserves in place: Decreased by 84 mmboe associated with the divestitures of certain Wyoming and Gulf of Mexico assets.2015 proved reserves decreased by 35 mmboe primarily due to the following:?\nRevisions of previous estimates: Decreased by 2 mmboe primarily resulting from an increase of 105 mmboe associated with drilling programs in U. S.  resource plays and an increase of 67 mmboe in discontinued operations due to technical reevaluation and lower royalty percentages related to lower realized prices, offset by a decrease of 173 mmboe which was largely due to reductions to our capital development program and adherence to the SEC 5-year rule.  ?\nExtensions, discoveries, and other additions: Increased by140 mmboe as a result of drilling programs in our U. S.  resource plays. ?\nProduction: Decreased by 157 mmboe. ?\nSales of reserves in place: U. S.  conventional assets sales contributed to a decrease of 18 mmboe."}
{"_id": "d863b7268", "title": "", "text": "EMEA net premiums written increased in 2015 compared to 2014, primarily in automobile and in warranty service programs, partially offset by decreases in Accident and Health.2014 and 2013 Comparison Americas net premiums written increased in 2014 compared to 2013, primarily due to an increase in all product lines in our Latin America operations and growth in U. S.  personal property and automobile businesses.\nThese were partially offset by a decrease in U. S.  Accident and Health due to our continued focus on maintaining underwriting discipline.\nAsia Pacific net premiums written increased in 2014 compared to 2013, primarily due to production increases in Japan Accident and Health and in property and automobile business outside of Japan.\nEMEA net premiums written increased in 2014 compared to 2013, due to growth in the automobile business and warranty service programs, partially offset by a decrease in the Accident and Health business."}
{"_id": "d8aa1dd4c", "title": "", "text": "| Payments Due by Period Total Less than 1 year 1-3 years 4-5 years More than 5 years | Contractual Obligations | Operating leases | Principal payments of long-term debt | Interest payments on long-term debt | Data and telecommunications agreements | Total |"}
{"_id": "d8e075caa", "title": "", "text": "At December 31, 2011, cash and cash equivalents decreased $811 million from December 31, 2010 to $1.7 billion.\nThe decrease in cash and cash equivalents was due to $2.9 billion of cash provided by operating activities, $4.9 billion of cash used for investing activities, $1.41 billion of cash provided by financing activities, an unfavorable effect of foreign currency exchange rates on cash of $122 million and a $79 million increase in cash of discontinued and held-for-sale businesses."}
{"_id": "d8edcec58", "title": "", "text": "Domestic utility companies and System Energy Notes to Respective Financial Statements 323 protested the disallowance of these deductions to the Office of IRS Appeals.\nEntergy expects to receive a Notice of Deficiency in 2005 for this item, and plans to vigorously contest this matter.\nEntergy believes that the contingency provision established in its financial statements sufficiently covers the risk associated with this item.\nMark to Market of Certain Power Contracts In 2001, Entergy Louisiana changed its method of accounting for tax purposes related to its wholesale electric power contracts.\nThe most significant of these is the contract to purchase power from the Vidalia hydroelectric project.\nThe new tax accounting method has provided a cumulative cash flow benefit of approximately $790 million as of December 31, 2004.\nThe related IRS interest exposure is $93 million at December 31, 2004.\nThis benefit is expected to reverse in the years 2005 through 2031.\nThe election did not reduce book income tax expense.\nThe timing of the reversal of this benefit depends on several variables, including the price of power.\nDue to the temporary nature of the tax benefit, the potential interest charge represents Entergy's net earnings exposure.\nEntergy Louisiana's 2001 tax return is currently under examination by the IRS, though no adjustments have yet been proposed with respect to the mark to market election.\nEntergy believes that the contingency provision established in its financial statements will sufficiently cover the risk associated with this issue.\nCashPoint Bankruptcy (Entergy Arkansas, Entergy Gulf States, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans) In 2003 the domestic utility companies entered an agreement with CashPoint Network Services (CashPoint) under which CashPoint was to manage a network of payment agents through which Entergy's utility customers could pay their bills.\nThe payment agent system allows customers to pay their bills at various commercial or governmental locations, rather than sending payments by mail.\nApproximately one-third of Entergy's utility customers use payment agents.\nOn April 19, 2004, CashPoint failed to pay funds due to the domestic utility companies that had been collected through payment agents.\nThe domestic utility companies then obtained a temporary restraining order from the Civil District Court for the Parish of Orleans, State of Louisiana, enjoining CashPoint from distributing funds belonging to Entergy, except by paying those funds to Entergy.\nOn April 22, 2004, a petition for involuntary Chapter 7 bankruptcy was filed against CashPoint by other creditors in the United States Bankruptcy Court for the Southern District of New York.\nIn response to these events, the domestic utility companies expanded an existing contract with another company to manage all of their payment agents.\nThe domestic utility companies filed proofs of claim in the CashPoint bankruptcy proceeding in September 2004.\nAlthough Entergy cannot precisely determine at this time the amount that CashPoint owes to the domestic utility companies that may not be repaid, it has accrued an estimate of loss based on current information.\nIf no cash is repaid to the domestic utility companies, an event Entergy does not believe is likely, the current estimates of maximum exposure to loss are approximately as follows:"}
{"_id": "d8b16dcc8", "title": "", "text": "| Year ended December 31,(in millions) 2013 2012 2011 | Compensation expense | Noncompensation expense: | Occupancy expense | Technology, communications and equipment expense | Professional and outside services | Marketing | Other expense(a)(b) | Amortization of intangibles | Total noncompensation expense | Total noninterest expense |"}
{"_id": "d8e075ed0", "title": "", "text": "(a) Net Coal capacity represents nominal summer net MW capacity of power generated as adjusted for the Company's ownership position excluding capacity from inactive/mothballed units, see Item 2 - Properties for units scheduled to be deactivated.\n(b) Forecasted generation dispatch output (MWh) based on forward price curves as of December 31, 2013, which is then divided by number of hours in a given year to arrive at MW capacity.\nThe dispatch takes into account planned and unplanned outage assumptions.\n(c) Includes amounts under power sales contracts and natural gas hedges.\nThe forward natural gas quantities are reflected in equivalent MWh based on forward market implied heat rate as of December 31, 2013, and then combined with power sales to arrive at equivalent MWh hedged which is then divided by number of hours in given year to arrive at MW hedged.\nThe Coal Sales include swaps and delta of options sold which is subject to change.\nFor detailed information on the Company's hedging methodology through use of derivative instruments, see discussion in Item 15 - Note 5, Accounting for Derivative Instruments and Hedging Activities, to the Consolidated Financial Statements.\nIncludes inter-segment sales from the Company's wholesale power generation business to the Retail Business.\n(d) Percentage hedged is based on total Coal sales as described in (c) above divided by the forecasted Coal capacity.\n(e) Represents U. S.  Coal sales, including energy revenue and demand charges, excluding revenues derived from capacity auctions."}
{"_id": "d8d07ea90", "title": "", "text": "| (in billions) December 31, 2009 December 31, 2008 December 31, 2007-1 | Direct lending collateral pools | Collateral pools underlying SSgA lending funds |"}
{"_id": "d89c1cc52", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | Gross reserves at beginning of period | Incurred related to: | Current year | Prior years | Total incurred losses | Paid related to: | Current year | Prior years | Total paid losses | Foreign exchange/translation adjustment | Change in reinsurance receivables on unpaid losses and LAE | Gross reserves at end of period | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8ed899d2", "title": "", "text": "| Twelve Months Ended July 31, | (In thousands, except per share amounts) | Cost of product revenue | Cost of service and other revenue | Selling and marketing | Research and development | General and administrative | Reduction of operating income from continuingoperations and income from continuing operationsbefore income taxes | Income tax benefit | Reduction of net income from continuing operations | Reduction of net income per share fromcontinuing operations: | Basic | Diluted |"}
{"_id": "d8a99492a", "title": "", "text": "The Corporation also provides credit enhancement to investors in certain municipal bond trusts whereby the Corporation guarantees the payment of interest and principal on floating-rate certificates issued by these trusts in the event of default by the issuer of the underlying municipal bond.\nIf a customer holds the residual interest in a trust, that customer typically has the unilateral ability to liquidate the trust at any time, while the Corporation typically has the ability to trigger the liquidation of that trust if the market value of the bonds held in the trust declines below a specified threshold.\nThis arrangement is designed to limit market losses to an amount that is less than the customers residual interest, effectively preventing the Corporation from absorbing losses incurred on assets held within that trust.\nThe weighted-average remaining life of bonds held in the trusts at December 31, 2010 was 13.3 years.\nThere were no material write-downs or downgrades of assets or issuers during 2010.\nDuring 2010 and 2009, the Corporation was the transferor of assets into unconsolidated municipal bond trusts and received cash proceeds from new securitizations of $1.2 billion and $664 million.\nAt December 31, 2010 and 2009, the principal balance outstanding for unconsolidated municipal bond securitization trusts for which the Corporation was transferor was $2.2 billion and $6.9 billion.\nThe Corporations liquidity commitments to unconsolidated municipal bond trusts, including those for which the Corporation was transferor, totaled $4.0 billion and $9.8 billion at December 31, 2010 and 2009.\nAutomobile and Other Securitization Trusts The Corporation transfers automobile and other loans into securitization trusts, typically to improve liquidity or manage credit risk.\nAt December 31, 2010, the Corporation serviced assets or otherwise had continuing involvement with automobile and other securitization trusts with outstanding balances of $10.5 billion, including trusts collateralized by automobile loans of $8.4 billion, student loans of $1.3 billion, and other loans and receivables of $774 million.\nAt December 31, 2009, the Corporation serviced assets or otherwise had continuing involvement with automobile and other securitization trusts with outstanding balances of $11.9 billion, including trusts collateralized by automobile loans of $11.0 billion and other loans of $905 million.\nThe Corporation transferred $3.0 billion of automobile loans, $1.3 billion of student loans and $303 million of other receivables to the trusts during 2010 and $9.0 billion of automobile loans during 2009.\nMulti-seller Conduits The Corporation previously administered four multi-seller conduits which provided a low-cost funding alternative to the conduits customers by facilitating access to the commercial paper market.\nThese customers sold or otherwise transferred assets to the conduits, which in turn issued short-term commercial paper that was rated high-grade and was collateralized by the underlying assets.\nThe Corporation provided combinations of liquidity and SBLCs to the conduits for the benefit of third-party investors.\nThese commitments had an aggregate notional amount outstanding of $34.5 billion at December 31, 2009.\nThe Corporation liquidated the four conduits and terminated all liquidity and other commitments during 2010.\nLiquidation of the conduits did not impact the Corporations consolidated results of operations."}
{"_id": "d8eed09b2", "title": "", "text": "Selling, General and Administrative (SG&A) Expenses In 2012, our SG&A expenses increased $48 million, or two percent, as compared to 2011, and were 240 basis points higher as a percentage of net sales.\nThis increase was driven primarily by continued investments in acquisitions and in commercial resources and infrastructure for global expansion, particularly in emerging markets, and a non-recurring asset impairment charge as a result of a program termination.\nAlso contributing to the year-over-year increase was a benefit recorded in 2011 as a result of a reversal of previously established allowances for doubtful accounts against long-outstanding receivables in Greece.\nThese increases in SG&A were partially offset by declines in spending as a result of our restructuring and other cost reduction initiatives and the impact of changes in foreign currency exchange rates.\nBeginning in January 2013, as a result of new legislation, all medical device manufacturers will be subject to a 2.3 percent excise tax on U. S.  sales of Class I, II and III medical devices.\nWe intend to record this tax within our selling, general and administrative expenses and expect that our excise tax liability for 2013 will be up to $80 million.\nIn 2011, our SG&A expenses decreased $93 million, or four percent, as compared to 2010, and were 50 basis points lower as a percentage of net sales.\nOur SG&A expenses were lower in 2011, as compared to 2010, as a result of the sale of our Neurovascular business to Stryker in January 2011 and lower expenses due to our restructuring initiatives and cost containment discipline.\nIn addition, our SG&A expenses for 2011 benefited from the reversal of $20 million of previously established allowances for doubtful accounts against long-outstanding receivables in Greece in 2011.\nThese receivables had previously been fully"}
{"_id": "d869ea540", "title": "", "text": "| December 31, | (Dollars in Millions) | Trade receivables | Miscellaneous receivables | 3,585 | Less allowances | Receivables, net |"}
{"_id": "d868d969c", "title": "", "text": "| (in millions, except ratios) 2014 2013 2012 | Revenue | Mortgage fees and related income | All other income | Noninterest revenue | Net interest income | Total net revenue | Provision for credit losses | Noninterest expense | Income before income tax expense | Net income | Return on common equity | Overhead ratio | Equity (period-end and average) |"}
{"_id": "d8cf74208", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | Gross reserves at beginning of period | Incurred related to: | Current year | Prior years | Total incurred losses | Paid related to: | Current year | Prior years | Total paid losses | Foreign exchange/translation adjustment | Change in reinsurance receivables on unpaid losses and LAE | Gross reserves at end of period |"}
{"_id": "d8d858572", "title": "", "text": "| Year Ended December 31, 2017 2016 2015 | Europe, Middle East & Africa | Latin America | North America | Asia Pacific | Bottling Investments | Corporate | Total |"}
{"_id": "d8ca88370", "title": "", "text": "CELANESE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Included in the pension obligations above are accrued liabilities relating to supplemental retirement plans for certain employees amounting to $235 million and $238 million as of December 31, 2005 and 2004, respectively.\nPension expense relating to these plans included in net periodic benefit cost totaled $15 million, $11 million, $5 million and $18 million for the year ended December 31, 2005, the nine months ended December 31, 2004, the three months ended March 31, 2004 and for the year ended December 31, 2003, respectively.\nTo fund these obligations, non-qualified trusts were established, included within other non-current assets, which held marketable securities valued at $181 million and $127 million at December 31, 2005 and 2004, respectively, and recognized income (loss), excluding appreciation of insurance contracts, of $6 million, $6 million, $(1) million and $3 million for the year ended December 31, 2005, the nine months ended December 31, 2004, the three months ended March 31, 2004 and the year ended December 31, 2003, respectively.\nIn addition to holding marketable securities, the nonqualified trust holds investments in insurance contracts of $68 million as of December 31, 2005 and 2004, respectively.\nIn 2005, the Successor contributed $9 million to these trusts from proceeds received from the demutualization of an insurance company.\nIn 2003, the Predecessor contributed $18 million to these trusts from proceeds received from the demutualization of an insurance company.\nThe gain associated with these proceeds was included within Other income (expense), net, in the consolidated statement of operations.\nThe asset allocation for the qualified U. S.  defined benefit pension plan as of December 31, 2005 and 2004, respectively, and the target allocation ranges for 2006 by asset category is presented below.\nThe fair value of plan assets for this plan was $2,222 million and $2,199 million as of December 31, 2005 and 2004, respectively.\nThese asset amounts represent approximately 85% of the total pension assets at December 31, 2005 and 88% at December 31, 2004.\nThe expected long-term rate of return on these assets was 8.5% at December 31, 2005 and 2004, respectively.\nPlan assets did not include any investment in Celanese Corporation common shares during the periods presented."}
{"_id": "d87516414", "title": "", "text": "The cumulative amount of Arconics foreign undistributed net earnings for which no deferred taxes have been provided was approximately $450 at December 31, 2016.\nArconic has a number of commitments and obligations related to the Companys growth strategy in foreign jurisdictions.\nAs such, management has no plans to distribute such earnings in the foreseeable future, and, therefore, has determined it is not practicable to determine the related deferred tax liability."}
{"_id": "d8b976050", "title": "", "text": "| Years Ended December 31, | 2010 | GAAP | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Pretax income |"}
{"_id": "d862755bc", "title": "", "text": "| Year ended December 31, 2007 Consumer activities Wholesale activities | (in millions, except rates and where | otherwise noted) | Principal securitized | Pretax gains | Cash flow information: | Proceeds from securitizations | Servicing fees collected | Other cash flows received | Proceeds from collections reinvested in revolving securitizations | Key assumptions (rates per annum): | Prepayment rate(a) | PPR | Weighted-average life (in years) | Expected credit losses | Discount rate |"}
{"_id": "d8d4f6fe6", "title": "", "text": "is downgraded below a specified threshold, the new bank is required to provide credit support for its obligation.\nFees of $5 million were incurred in connection with this replacement.\nOn November 29, 2011, Standard and Poor's reduced its credit rating of senior unsecured long-term debt of Lloyds TSB Bank Plc, which issued letters of credit that support $1.2 billion of the Timber Notes, below the specified threshold.\nThe letters of credit were successfully replaced by another qualifying institution.\nFees of $4 million were incurred in connection with this replacement.\nOn January 23, 2012, Standard and Poor's reduced its credit rating of senior unsecured long-term debt of Société Générale SA, which issued letters of credit that support $666 million of the Timber Notes, below the specified threshold.\nThe letters of credit were successfully replaced by another qualifying institution.\nFees of $5 million were incurred in connection with this replacement.\nOn June 21, 2012, Moody's Investor Services reduced its credit rating of senior unsecured long-term debt of BNP Paribas, which issued letters of credit that support $707 million of Timber Notes, below the specified threshold.\nOn December 19, 2012, the Company and the third-party managing member agreed to a continuing replacement waiver for these letters of credit, terminable upon 30 days notice.\nActivity between the Company and the Entities was as follows:"}
{"_id": "d87bfca08", "title": "", "text": "Integrated Gas Our integrated gas strategy is to link stranded natural gas resources with areas where a supply gap is emerging due to declining production and growing demand.\nOur integrated gas operations include marketing and transportation of products manufactured from natural gas, such as LNG and methanol, primarily in west Africa, the U. S.  and Europe.\nOur most significant LNG investment is our 60 percent ownership in a production facility in Equatorial Guinea, which sells LNG under a long-term contract at prices tied to Henry Hub natural gas prices.\nIn 2009, the gross sales from the plant were 3.9 million metric tonnes, while in 2008, its first full year of operations, the plant sold 3.4 million metric tonnes.\nIndustry estimates of 2009 LNG trade are approximately 185 million metric tonnes.\nMore LNG production facilities and tankers were under construction in 2009.\nAs a result of the sharp worldwide economic downturn in 2008, continued weak economies are expected to lower natural gas consumption in various countries; therefore, affecting near-term demand for LNG.\nLong-term LNG supply continues to be in demand as markets seek the benefits of clean burning natural gas.\nMarket prices for LNG are not reported or posted.\nIn general, LNG delivered to the U. S.  is tied to Henry Hub prices and will track with changes in U. S.  natural gas prices, while LNG sold in Europe and Asia is indexed to crude oil prices and will track the movement of those prices.\nWe own a 45 percent interest in a methanol plant located in Equatorial Guinea through our investment in AMPCO.\nGross sales of methanol from the plant totaled 960,374 metric tonnes in 2009 and 792,794 metric tonnes in 2008.\nMethanol demand has a direct impact on AMPCOs earnings.\nBecause global demand for methanol is rather limited, changes in the supply-demand balance can have a significant impact on sales prices.\nThe 2010 Chemical Markets Associates, Inc.  estimates world demand for methanol in 2009 was 41 million metric tonnes.\nOur plant capacity is 1.1 million, or about 3 percent of total demand."}
{"_id": "d8b57cd50", "title": "", "text": "Columbia Management Columbia is an asset management business serving the needs of both institutional clients and individual customers.\nColumbia provides asset management services, including mutual funds, liquidity strategies and separate accounts.\nColumbia mutual fund offerings provide a broad array of investment strategies and products including equities, fixed income (taxable and non-taxable) and money market (taxable and non-taxable) funds.\nColumbia distributes its products and services directly to institutional clients, and distributes to individuals through The Private Bank, Family Wealth Advisors, Premier Banking and Investments, and nonproprietary channels including other brokerage firms.\nNet Income increased $43 million, or 15 percent, primarily as a result of an increase in Investment and Brokerage Services of $211 million, or 16 percent, in 2006.\nThis increase is due to higher assets under management driven by net inflows in money market and equity funds, and market appreciation.\nNoninterest Expense increased $105 million, or 12 percent, primarily due to higher Personnel costs including revenue-based compensation and other operating costs."}
{"_id": "d87c97be8", "title": "", "text": "if this estimated cost experience percent were to increase or decrease .6 percent, the sales incentive accrual at October 31, 2011 would increase or decrease by approximately $35 million.\nProduct Warranties At the time a sale to a dealer is recognized, the company records the estimated future warranty costs.\nThe company generally determines its total warranty liability by applying historical claims rate experience to the estimated amount of equipment that has been sold and is still under warranty based on dealer inventories and retail sales.\nThe historical claims rate is primarily determined by a review of five-year claims costs and consideration of current quality developments.\nVariances in claims experience and the type of warranty programs affect these estimates, which are reviewed quarterly.\nThe product warranty accruals, excluding extended warranty unamortized premiums, at October 31, 2011, 2010 and 2009 were $662 million, $559 million and $513 million, respectively.\nThe changes were primarily due to higher sales volumes in 2011 and 2010.\nEstimates used to determine the product warranty accruals are significantly affected by the historical percent of warranty claims costs to sales.\nOver the last five fiscal years, this percent has varied by an average of approximately plus or minus .05 percent, compared to the average warranty costs to sales percent during that period.\nHolding other assumptions constant, if this estimated cost experience percent were to increase or decrease .05 percent, the warranty accrual at October 31, 2011 would increase or decrease by approximately $20 million."}
{"_id": "d8694b81e", "title": "", "text": "| Cash and short-term investments $197.7 | Developed product technology (Cialis)1 | Tax benefit of net operating losses | Goodwill | Long-term debt assumed | Deferred taxes | Other assets and liabilities — net | Acquired in-process research and development | Total purchase price |"}
{"_id": "d8a312624", "title": "", "text": "| 2003 $127.7 | 2004 | 2005 | 2006 | 2007 |"}
{"_id": "d88755a1c", "title": "", "text": "| Year Ended December 31, | 2012 | Gross | (thousands of acres) | Onshore US | Deepwater Gulf of Mexico | Equatorial Guinea | Israel-1 | Cameroon-2 | Total |"}
{"_id": "d8bea8e88", "title": "", "text": "| Year ended December 31, | 2018 | (in millions) | Operating results: | Revenues | Benefits and expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments | Related charges | Income (loss) before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d88d22d00", "title": "", "text": "| (Dollars in millions, except as noted) 2013 2012 | Loan production | Total Corporation-1: | First mortgage | Home equity | CRES: | First mortgage | Home equity | Year end | Mortgage serviced portfolio (in billions)(2, 3) | Mortgage loans serviced for investors (in billions) | Mortgage servicing rights: | Balance | Capitalized mortgage servicing rights(% of loans serviced for investors) |"}
{"_id": "d8d4d279a", "title": "", "text": "| 2005 2004 | (in millions) | Life insurance | Individual and group annuities and supplementary contracts | Other contract liabilities | Subtotal future policy benefits excluding unpaid claims and claim adjustment expenses | Unpaid claims and claim adjustment expenses | Total future policy benefits |"}
{"_id": "d89813aca", "title": "", "text": "(1) Primarily represents the net impact of portfolio sales, consolidations and deconsolidations, foreign currency translation adjustments and certain other reclassifications.\n(2) Represents allowance for loan and lease losses related to the non-U.\nS.  credit card loan portfolio, which is included in assets of business held for sale on the Consolidated Balance Sheet at December 31, 2016.\nIn 2016, 2015 and 2014, for the PCI loan portfolio, the Corporation recorded a provision benefit of $45 million, $40 million and $31 million, respectively.\nWrite-offs in the PCI loan portfolio totaled $340 million, $808 million and $810 million during 2016, 2015 and 2014, respectively.\nWrite-offs included $60 million, $234 million and $317 million associated with the sale of PCI loans during 2016, 2015 and 2014, respectively.\nThe valuation allowance associated with the PCI loan portfolio was $419 million, $804 million and $1.7 billion at December 31, 2016, 2015 and 2014, respectively"}
{"_id": "d8dd40df0", "title": "", "text": "| Years Ended December 31, | 2010 | (In millions) | Revenues | Premiums | Net investment income | Net investment gains (losses): | Other-than-temporaryimpairments on fixed maturity securities | Other-than-temporaryimpairments on fixed maturity securities transferred to other comprehensive income (loss) | Other net investment gains (losses) | Total net investment gains (losses) | Net derivative gains (losses) | Total revenues | Expenses | Policyholder benefits and claims | Policyholder dividends | Other expenses | Total expenses | Revenues, net of expenses before provision for income tax expense (benefit) | Provision for income tax expense (benefit) | Revenues, net of expenses and provision for income tax expense (benefit) | Years Ended December 31, | 2010 | (In millions) | Balance at December 31, | Less: | Closed block adjustment -1 | Balance at January 1, | Change during year |"}
{"_id": "d8f34d33c", "title": "", "text": "| 2013 2012 2011 | Net income (loss) attributable to Ameren Corporation | Earnings (loss) per common share - diluted | Net income attributable to Ameren Corporation - continuing operations | Earnings per common share - diluted - continuing operations |"}
{"_id": "d8751607c", "title": "", "text": "Other Arrangements We maintained a $300 million credit and security facility secured by our U. S.  trade receivables maturing on June 9, 2017.\nWe had borrowings of $60 million outstanding under this facility as of December 31, 2016 and no borrowings outstanding as of December 31, 2015.\nOn February 7, 2017, we amended the terms of this credit and security facility, including increasing the facility size to $400 million.\nThis amendment retained a similar maximum leverage ratio requirement and extended the facility maturity to February 2019.\nWe also have accounts receivable factoring programs in certain European countries that we account for as sales under Financial Accounting Standards Board (FASB) Accounting Standards Codification?\n(ASC) Topic 860, Transfers and Servicing.\nThese agreements provide for the sale of accounts receivable to third parties, without recourse, of up to approximately $391 million as of December 31, 2016.\nWe de-recognized $152 million of receivables as of December 31, 2016 at an average interest rate of 1.8 percent, and $151 million as of December 31, 2015 at an average interest rate of 2.4 percent.\nIn addition, we have uncommitted credit facilities with a commercial Japanese bank that provide for borrowings, promissory notes discounting and receivables factoring of up to 21.000 billion Japanese yen (approximately $180 million as of December 31, 2016).\nWe de-recognized $149 million of notes receivable as of December 31, 2016 at an average interest rate of 1.6 percent and $132 million of notes receivable as of December 31, 2015 at an average interest rate of 1.6 percent.\nDe-recognized accounts and notes are excluded from trade accounts receivable, net in the accompanying audited consolidated balance sheets.\nWe had outstanding letters of credit of $44 million as of December 31, 2016 and as of December 31, 2015.\nAs of December 31, 2016 and 2015, none of the beneficiaries had drawn upon the letters of credit or guarantees.\nWe believe we will generate sufficient cash from operations to fund these arrangements and intend to fund these arrangements without drawing on the letters of credit.\nFor additional details related to our debt, including our revolving credit facility, term loans, senior notes and other arrangements, see Note FBorrowings and Credit Arrangements to our consolidated financial statements included in Item 8 of this Annual Report."}
{"_id": "d8777ecf6", "title": "", "text": "| Years Ended December 31, | 2008 | (in millions, except percentages) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | General and administrative expense | Total expenses | Pretax income (loss) |"}
{"_id": "d8b000746", "title": "", "text": "| Years Ended February 28 | (In millions) | Used vehicle sales | Wholesale vehicle sales | Other sales and revenues: | Extended protection plan revenues | Third-party finance fees, net | Service revenues | Other | Total other sales and revenues | Total net sales and operating revenues |"}
{"_id": "d8c14bcee", "title": "", "text": "| 2012 2011 2010 | Net sales | Operating profit | Operating margins | Backlog at year-end |"}
{"_id": "d8ae9850c", "title": "", "text": "a) Upon adoption of SFAS No.158, the Bancorp measured its liability for its total pension and other postretirement obligations to be $59 million."}
{"_id": "d87ec1d10", "title": "", "text": "| Year ended December 31, | (Dollars in thousands) | Unused commitment fees | Fund management fees | Service-based fee income -1 | Net gains on the sale of certain assets related to our equity management services business | Loan syndication fees | Gains (losses) on revaluation of foreign currency instruments (2) | Currency revaluation (losses) gains (3) | Other | Total other noninterest income |"}
{"_id": "d8d64e6fa", "title": "", "text": "| (In millions) PensionBenefits OtherBenefits | 2006 | 2007 | 2008 | 2009 | 2010 | Years 2011 – 2015 | In millions | December 31, 2015 | Impaired loans with an associated allowance | Commercial | Commercial real estate | Home equity | Residential real estate | Credit card | Other consumer | Total impaired loans with an associated allowance | Impaired loans without an associated allowance | Commercial | Commercial real estate | Home equity | Residential real estate | Other consumer | Total impaired loans without an associated allowance | Total impaired loans | December 31, 2014 | Impaired loans with an associated allowance | Commercial | Commercial real estate | Home equity | Residential real estate | Credit card | Other consumer | Total impaired loans with an associated allowance | Impaired loans without an associated allowance | Commercial | Commercial real estate | Home equity | Residential real estate | Total impaired loans without an associated allowance | Total impaired loans |"}
{"_id": "d8c6d6b6e", "title": "", "text": "| Shares in millions Nonvested Incentive/ Performance Units Shares Weighted- Average Grant Date Fair Value Nonvested Restricted Share/ Restricted Share Units Weighted- Average Grant Date Fair Value | December 31, 2015 | Granted (b) | Vested/Released (b) | December 31, 2016 |"}
{"_id": "d8c9a79e2", "title": "", "text": "Sales of Unregistered Securities Not applicable.\nRepurchases of Equity Securities The following table provides information regarding our purchases of our equity securities during the period from October 1, 2017 to December 31, 2017."}
{"_id": "d87a98702", "title": "", "text": "| Three Months Ended December 31, 2016 Three Months Ended March 31, 2017 Three Months Ended June 30, 2017 | United States | Previously Reported MAU | Adjustment-1 | Adjusted MAU | Three Months Ended | Dec. 31, 2017 | (Unaudited, in thousands) | Cost of revenue | Research and development | Sales and marketing | General and administrative | Total stock-based compensation expense |"}
{"_id": "d8890902a", "title": "", "text": "| 2007 $6,820,397 | 2008 | 2009 | 2010 | 2011 | Thereafter | $7,505,267 |"}
{"_id": "d89532536", "title": "", "text": "| U.S. Canada E.G. OtherAfrica Other Int'l Cont Ops Disc Ops Total | Year Ended December 31, 2015 | Revenues and other income: | Sales | Transfers | Other income(a) | Total revenues and other income | Expenses: | Production costs | Exploration expenses(b) | Depreciation, depletion and | amortization(c) | Technical support and other | Total expenses | Results before income taxes | Income tax provision | Results of operations | Year Ended December 31, 2014 | Revenues and other income: | Sales | Transfers | Other income(a) | Total revenues and other income | Expenses: | Production costs | Exploration expenses | Depreciation, depletion and | amortization(c) | Technical support and other | Total expenses | Results before income taxes | Income tax provision | Results of operations | Year Ended December 31, 2013 | Revenues and other income: | Sales | Transfers | Other income(a) | Total revenues and other income | Expenses: | Production costs | Exploration expenses | Depreciation, depletion and | amortization(c) | Technical support and other | Total expenses | Results before income taxes | Income tax provision | Results of operations |"}
{"_id": "d8a5cbb04", "title": "", "text": "| Long-term debt maturities andestimated interest payments 2016 2017 2018 2019-2020 after 2020 | (In Millions) | Utility | Entergy Wholesale Commodities | Parent and Other | Total |"}
{"_id": "d8223560a", "title": "", "text": "(1) Losses and gains due to curtailment, settlement and special termination benefits relate to repositioning and divestiture actions.\nThe estimated net actuarial loss and prior service (benefit) cost that will be amortized from Accumulated other comprehensive income (loss) into net expense in 2017 are approximately $233 million and $(2) million, respectively, for defined benefit pension plans.\nFor postretirement plans, the estimated 2017 net actuarial loss and prior service (benefit) cost amortizations are approximately $28 million and $(9) million, respectively."}
{"_id": "d862f09ec", "title": "", "text": "| December 31, (in millions) 2014 2013 | Residential real estate – excluding PCI | Home equity: | Senior lien | Junior lien | Mortgages: | Prime, including option ARMs | Subprime | Other consumer loans | Auto | Business banking | Student and other | Residential real estate – PCI | Home equity | Prime mortgage | Subprime mortgage | Option ARMs | Total retained loans |"}
{"_id": "d8eca4d96", "title": "", "text": "| 2011 Quarters 2010 Quarters | (Dollars in millions, except per share information) | Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis | Net interest income | Fully taxable-equivalent adjustment | Net interest income on a fully taxable-equivalent basis | Reconciliation of total revenue, net of interest expense to total revenue, net of interest expense on a fully taxable-equivalent basis | Total revenue, net of interest expense | Fully taxable-equivalent adjustment | Total revenue, net of interest expense on a fully taxable-equivalent basis | Reconciliation of total noninterest expense to total noninterest expense, excluding goodwill impairment charges | Total noninterest expense | Goodwill impairment charges | Total noninterest expense, excluding goodwill impairment charges | Reconciliation of income tax expense (benefit) to income tax expense (benefit) on a fully taxable-equivalent basis | Income tax expense (benefit) | Fully taxable-equivalent adjustment | Income tax expense (benefit) on a fully taxable-equivalent basis | Reconciliation of net income (loss) to net income (loss), excluding goodwill impairment charges | Net income (loss) | Goodwill impairment charges | Net income (loss), excluding goodwill impairment charges | Reconciliation of net income (loss) applicable to common shareholders to net income (loss) applicable to common shareholders, excluding goodwill impairment charges | Net income (loss) applicable to common shareholders | Goodwill impairment charges | Net income (loss) applicable to common shareholders, excluding goodwill impairment charges | Reconciliation of average common shareholders’ equity to average tangible common shareholders’ equity | Common shareholders’ equity | Common Equivalent Securities | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible common shareholders’ equity |"}
{"_id": "d89c4f74c", "title": "", "text": "Table of Contents The following table sets forth certain consolidated quarterly income statement data for the eight quarters ended December 31, 2004.\nIn our opinion, this unaudited information has been prepared on a basis consistent with our annual financial statements and includes all adjustments (consisting only of normal recurring adjustments) necessary for a fair statement of the unaudited quarterly data.\nThis information should be read in conjunction with our Consolidated Financial Statements and related Notes included in this annual report on Form 10-K.\nThe results of operations for any quarter are not necessarily indicative of results that we may achieve for any subsequent periods."}
{"_id": "d87a1dd72", "title": "", "text": "The following table provides information about our common stock that has been or may be issued under our equity compensation plans as of December 31, 2014: ?\nIntercontinental Exchange Holdings, Inc.  2013 Omnibus Employee Incentive Plan ?\nIntercontinental Exchange Holdings, Inc.  2013 Omnibus Non-Employee Director Incentive Plan ?\nIntercontinental Exchange Holdings, Inc.  2009 Omnibus Incentive Plan ?\nIntercontinental Exchange Holdings, Inc.  2003 Restricted Stock Deferral Plan for Outside Directors ?\nIntercontinental Exchange Holdings, Inc.  2000 Stock Option Plan ?\nCreditex Amended and Restated 1999 Stock Option/Stock Issuance Plan ?\nNYSE Amended and Restated Omnibus Incentive Plan ?\nNYSE 2006 Stock Incentive Plan The 2000 Stock Option Plan and the Creditex Amended and Restated 1999 Stock Option/Stock Issuance Plan were retired on May 14, 2009 when our shareholders approved the 2009 Omnibus Incentive Plan.\nThe 2009 Omnibus Incentive Plan was retired on May 17, 2013 when our shareholders approved the Intercontinental Exchange Holdings, Inc.  2013 Omnibus Employee Incentive Plan.\nNo future grants will be made from the retired ICE or Creditex plans.\nCertain grants continue to be made to legacy NYSE employees"}
{"_id": "d87cbde88", "title": "", "text": "| 2017 2016 2015 | Beginning balance | Additions for tax positions of prior periods | Additions for tax positions of the current period | Additions due to acquisitions | Reductions for tax positions of prior periods | Reductions attributable to settlements with taxing authorities | Reductions attributable to lapses of applicable statute of limitations | Ending balance |"}
{"_id": "d8a2b42e0", "title": "", "text": "| 2007 2006 | Finished goods | Work in progress | Raw materials | Inventories, net | 2007 | Land | Building and equipment | Capitalized software costs | Instruments | Construction in progress | 1,975.9 | Accumulated depreciation | Property, plant and equipment, net |"}
{"_id": "d8223524a", "title": "", "text": "Long-Term Liquidity Measurement: Net Stable Funding Ratio (NSFR) In the second quarter of 2016, the Federal Reserve Board, the FDIC and the OCC issued a proposed rule to implement the Basel III NSFR requirement.\nThe U. S. -proposed NSFR is largely consistent with the Basel Committee’s final NSFR rules.\nIn general, the NSFR assesses the availability of a bank’s stable funding against a required level.\nA bank’s available stable funding would include portions of equity, deposits and long-term debt, while its required stable funding would be based on the liquidity characteristics of its assets, derivatives and commitments.\nStandardized weightings would be required to be applied to the various asset and liabilities classes.\nThe ratio of available stable funding to required stable funding would be required to be greater than 100%.\nWhile Citi believes that it is compliant with the proposed U. S. NSFR rules as of December 31, 2016, it will need to evaluate any final version of the rules, which are expected to be released during 2017.\nThe proposed rules would require full implementation of the U. S. NSFR beginning January 1, 2018."}
{"_id": "d8c0d7f4c", "title": "", "text": "| 2012 2011 2010 | (dollars in thousands) | Net trade sales by business segment: | Interconnect Products and Assemblies | Cable Products | $4,292,065 | Net trade sales by geographic area -1: | United States | China | Other International Locations | $4,292,065 |"}
{"_id": "d8b8a5ae0", "title": "", "text": "At December 31, 2009, the fair value of the qualified pension plan assets was greater than both the accumulated benefit obligation and the projected benefit obligation.\nThe nonqualified pension plan, which contains several individual plans that are accounted for together, is unfunded.\nContributions from us and, in the case of postretirement benefit plans, participant contributions cover all benefits paid under the nonqualified pension plan and postretirement benefit plans.\nThe postretirement plan provides benefits to certain retirees that are at least actuarially equivalent to those provided by Medicare Part D and accordingly, we receive a federal subsidy as shown in the table.\nPNC PENSION PLAN ASSETS Assets related to our qualified pension plan (the Plan) are held in trust (the Trust).\nThe trustee is PNC Bank, N. A.\nThe Trust is exempt from tax pursuant to section 501(a) of the Internal Revenue Code (the Code).\nThe Plan is qualified under section 401(a) of the Code.\nPlan assets consist primarily of listed domestic and international equity securities and US government, agency, and corporate debt securities and real estate investments.\nPlan assets as of December 31, 2009 do include common stock of PNC.\nAssets related to the pension plan investments of the former National City qualified pension plan are held in trust.\nThe trustee is PNC Bank, N. A.\nThe Trust is exempt from tax pursuant to section 501(a) of the Code as of December 31, 2009.\nThe plan is qualified under section 401(a) of the Code.\nDuring 2009, the majority of plan assets were transferred to the PNC Trust.\nAt December 31, 2009, plan assets consist primarily of cash equivalents, listed domestic and international equity securities and US government, agency, and corporate debt securities.\nPlan assets do include common stock of PNC as discussed below.\nThe Pension Plan Administrative Committee (the Committee) adopted the current Pension Plan Investment Policy Statement, including the updated target allocations and allowable ranges shown below, on August 13, 2008."}
{"_id": "d8cd9d632", "title": "", "text": "| At December 31, | (Dollars in millions) | U.S. Reinsurance | International | Bermuda | Mt. Logan | Total | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d887d2bfc", "title": "", "text": "Operating Lease Residual Values The carrying value of equipment on operating leases is affected by the estimated fair values of the equipment at the end of the lease (residual values).\nUpon termination of the lease, the equipment is either purchased by the lessee or sold to a third party, in which case the company may record a gain or a loss for the difference between the estimated residual value and the sales price.\nThe residual values are dependent on current economic conditions and are reviewed quarterly.\nChanges in residual value assumptions would affect the amount of depreciation expense and the amount of investment in equipment on operating leases.\nThe total operating lease residual values at October 31, 2012, 2011 and 2010 were $1,676 million, $1,425 million and $1,276 million, respectively.\nThe changes in 2012 and 2011 were primarily due to the increasing levels of operating leases."}
{"_id": "d86afc1f4", "title": "", "text": "Results of Operations Consolidated Results of Operations The following table summarizes net income (loss) for the periods presented."}
{"_id": "d88916b1c", "title": "", "text": "| $ in millions First Quarter Second Quarter Third Quarter Fourth Quarter Total | 2018 | 2019 | 2020 | 2021 | 2022 - thereafter | Total |"}
{"_id": "d8a4eece0", "title": "", "text": "| At December 31, | 2010 | Contract amount represents credit risk | Commitments to extend credit | Commercial | Consumer | Commercial real estate | Standby letters of credit |"}
{"_id": "d8870b502", "title": "", "text": "| In millions of dollars 2010 2009 | Effective portion of cash flow | hedges included in AOCI | Interest rate contracts | Foreign exchange contracts | Total effective portion of cash flow | hedges included in AOCI | Effective portion of cash flow | hedges reclassified from AOCI | to earnings | Interest rate contracts | Foreign exchange contracts | Total effective portion of cash flow | hedges reclassified from AOCI to | earnings-1 |"}
{"_id": "d8f340b32", "title": "", "text": "Pension and postretirement expense decreased $97 million in 2013 compared to 2012, compared to an increase of $95 million for 2012 compared to 2011.2012 includes a $26 million charge related to the first-quarter 2012 voluntary early retirement incentive program (discussed in Note 10).\nPension and postretirement expense is recorded in cost of sales; selling, general and administrative expenses (SG&A); and research, development and related expenses (R&D).\nRefer to Note 10 (Pension and Postretirement Plans) for components of net periodic benefit cost and the assumptions used to determine net cost.\nCost of Sales: Cost of sales includes manufacturing, engineering and freight costs.\nCost of sales, measured as a percent of net sales, was 52.1 percent in 2013, a decrease of 0.3 percentage points from 2012.\nCost of sales as a percent of sales decreased due to the combination of selling price increases and raw material cost decreases, as selling prices rose 0.9 percent and raw material cost deflation was approximately 2 percent favorable year-on-year.\nIn addition, lower pension and postretirement costs (of which a portion impacts cost of sales), in addition to organic volume increases, decreased cost of sales as a percent of sales.\nThese benefits were partially offset by the impact of 2012 acquisitions and lower factory utilization.\nCost of sales, measured as a percent of net sales, was 52.4 percent in 2012, a decrease of 0.6 percentage points from 2011.\nThe net impact of selling price/raw material cost changes was the primary factor that decreased cost of sales as a percent of sales, as selling prices increased 1.4 percent and raw material costs decreased approximately 2 percent.\nThis benefit was partially offset by higher pension and postretirement costs.\nSelling, General and Administrative Expenses: Selling, general and administrative expenses (SG&A) increased $282 million, or 4.6 percent, in 2013 when compared to 2012.\nIn 2013, SG&A included strategic investments in business transformation, enabled by 3M’s global enterprise resource planning (ERP) implementation, in addition to increases from acquired businesses that were largely not in 3M’s 2012 spending (Ceradyne, Inc.  and Federal Signal Technologies), which were partially offset by lower pension and postretirement expense.\nSG&A, measured as a percent of sales, increased 0.3 percentage points to 20.7 percent in 2013, compared to 20.4 percent in 2012.\nSG&A decreased $68 million, or 1.1 percent, in 2012 when compared to 2011.\nIn addition to cost-control and other productivity efforts, 3M experienced some savings from its first-quarter 2012 voluntary early retirement incentive program and other restructuring actions.\nThese benefits more than offset increases related to acquisitions, higher year-on-year pension and postretirement expense, and restructuring expenses.\nSG&A in 2012 included increases from acquired businesses which were not in 3M’s full-year 2011 base spending, primarily related to the 2011 acquisitions of Winterthur Technologie AG and the do-it-yourself and professional business of GPI Group, in addition to SG&A spending related to the 2012 acquisitions of Ceradyne, Inc. , Federal Signal Technologies Group, and CodeRyte, Inc.  SG&A, measured as a percent of sales, was 20.4 percent in 2012, a decrease of 0.4 percentage points when compared to 2011.\nResearch, Development and Related Expenses: Research, development and related expenses (R&D) increased 4.9 percent in 2013 compared to 2012 and increased 4.1 percent in 2012 compared to 2011, as 3M continued to support its key growth initiatives, including more R&D aimed at disruptive innovation.\nIn 2013, increases from acquired businesses that were largely not in 3M’s 2012 spending (primarily Ceradyne, Inc.  and Federal Signal Technologies) were partially offset by lower pension and postretirement expense.\nIn 2012, investments to support key growth initiatives, along with higher pension and postretirement expense, were partially"}
{"_id": "d819b3162", "title": "", "text": "ITEM 7.\nManagements Discussion and Analysis of Financial Condition and Results of Operations.\nThis Managements Discussion and Analysis of Financial Condition and Results of Operations should be read in conjunction with our discussion of cautionary statements and significant risks to the companys business under Item 1A.\nRisk Factors of the 2018 Form?10-K.  OVERVIEW Our sales and revenues for 2018 were $54.722 billion, a 20?percent increase from 2017 sales and revenues of $45.462?billion.\nThe increase was primarily due to higher sales volume, mostly due to improved demand across all regions and across the three primary segments.\nProfit per share for 2018 was $10.26, compared to profit per share of $1.26 in 2017.\nProfit was $6.147 billion in 2018, compared with $754 million in 2017.\nThe increase was primarily due to lower tax expense, higher sales volume, decreased restructuring costs and improved price realization.\nThe increase was partially offset by higher manufacturing costs and selling, general and administrative (SG&A) and research and development (R&D) expenses and lower profit from the Financial Products Segment.\nFourth-quarter 2018 sales and revenues were $14.342 billion, up $1.446 billion, or 11 percent, from $12.896 billion in the fourth quarter of 2017.\nFourth-quarter 2018 profit was $1.78 per share, compared with a loss of $2.18 per share in the fourth quarter of 2017.\nFourth-quarter 2018 profit was $1.048 billion, compared with a loss of $1.299 billion in 2017.\nHighlights for 2018 include: z Sales and revenues in 2018 were $54.722 billion, up 20?percent from 2017.\nSales improved in all regions and across the three primary segments.\nz Operating profit as a percent of sales and revenues was 15.2?percent in 2018, compared with 9.8 percent in 2017.\nAdjusted operating profit margin was 15.9 percent in 2018, compared with 12.5 percent in 2017.  z Profit was $10.26 per share for 2018, and excluding the items in the table below, adjusted profit per share was $11.22.\nFor 2017 profit was $1.26 per share, and excluding the items in the table below, adjusted profit per share was $6.88.  z In order for our results to be more meaningful to our readers, we have separately quantified the impact of several significant items:"}
{"_id": "d8a266ebe", "title": "", "text": "The services we currently provide include collection, landfill (solid and hazardous waste landfills), transfer, recycling and resource recovery and other services, as described below.\nThe following table shows revenues (in millions) contributed by these services for the years ended December 31:"}
{"_id": "d88465e9c", "title": "", "text": "| Year ended December 31, | 2005 | (in millions) | Operating results: | Revenues | Benefits and expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments(1) | Related charges-2 | Income from continuing operations before income taxes, extraordinary gain on acquisition and cumulative effect of accountingchange | December 31, 2005 | Financial Services Businesses | ($ in millions) | Fixed Maturities: | Public, available for sale, at fair value | Public, held to maturity, at amortized cost | Private, available for sale, at fair value | Private, held to maturity, at amortized cost | Trading account assets supporting insurance liabilities, at fair value | Other trading account assets, at fair value | Equity securities, available for sale, at fair value | Commercial loans, at book value | Policy loans, at outstanding balance | Other long-term investments-1 | Short-term investments | Total general account investments | Invested assets of other entities and operations-2 | Total investments | December 31, 2005 | Amortized Cost | (in millions) | Short-term Investments and Cash Equivalents | Fixed Maturities: | U.S. Government | Foreign Government | Corporate Securities | Asset-Backed Securities | Mortgage Backed | Total Fixed Maturities | Equity Securities | Total trading account assets supporting insurance liabilities |"}
{"_id": "d8b0a1d4e", "title": "", "text": "CITIZENS FINANCIAL GROUP, INC.  MANAGEMENTS DISCUSSION AND ANALYSIS 108 The secondary source of our interest rate risk is driven by longer term rates comprising the rollover or reinvestment risk on fixed rate loans as well as the prepayment risk on mortgage related loans and securities funded by non-rate sensitive deposits and equity.\nThe primary goal of interest rate risk management is to control exposure to interest rate risk within policy limits approved by the Board.\nThese limits and guidelines reflect our tolerance for interest rate risk over both shortterm and long-term horizons.\nTo ensure that exposure to interest rate risk is managed within this risk appetite, we must both measure the exposure and, as necessary, hedge it.\nThe Treasury Asset and Liability Management team is responsible for measuring, monitoring and reporting on the structural interest rate risk position.\nThese exposures are reported on a monthly basis to the Asset and Liability Committee (ALCO) and at Board meetings.\nWe measure structural interest rate risk through a variety of metrics intended to quantify both short-term and long-term exposures.\nThe primary method that we use to quantify interest rate risk is simulation analysis in which we model net interest income from assets, liabilities and hedge derivative positions under various interest rate scenarios over a three-year horizon.\nExposure to interest rate risk is reflected in the variation of forecasted net interest income across scenarios.\nKey assumptions in this simulation analysis relate to the behavior of interest rates and spreads, the changes in product balances and the behavior of loan and deposit clients in different rate environments.\nThe most material of these behavioral assumptions relate to the repricing characteristics and balance fluctuations of deposits with indeterminate (i. e. , non-contractual) maturities as well as the pace of mortgage prepayments.\nAssessments are periodically made by running sensitivity analysis of the impact of key assumptions.\nThe results of these analyses are reported to ALCO.\nAs the future path of interest rates cannot be known in advance, we use simulation analysis to project net interest income under various interest rate scenarios including a most likely (implied forward) scenario as well as a variety of deliberately extreme and perhaps unlikely scenarios.\nThese scenarios may assume gradual ramping of the overall level of interest rates, immediate shocks to the level of rates and various yield curve twists in which movements in short- or long-term rates predominate.\nGenerally, projected net interest income in any interest rate scenario is compared to net interest income in a base case where market forward rates are realized.\nThe table below reports net interest income exposures against a variety of interest rate scenarios.\nOur policies involve measuring exposures as a percentage change in net interest income over the next year due to either instantaneous or gradual parallel changes in rates relative to the market implied forward yield curve.\nWith rates rising from historically low levels due to Federal Open Market Committee rate increases in December 2016, March 2017, June 2017, and December 2017, exposure to falling rates has increased.\nWhile rates have begun to rise off of the very low levels, an instantaneous decline of 2.0% is still not possible.\nAs the following table illustrates, our balance sheet is asset-sensitive: net interest income would benefit from an increase in interest rates.\nExposure to a decline in interest rates is within limit.\nWhile an instantaneous and severe shift in interest rates was used in this analysis, we believe that any actual shift in interest rates would likely be more gradual and would therefore have a more modest impact as demonstrated in the following table.\nThe table below presents the sensitivity of net interest income to various parallel yield curve shifts from the market implied forward yield curve:"}
{"_id": "d863d99bc", "title": "", "text": "| Year Ended December 31, Variance 2011 vs. 2010 | 2011 | Net operating interest income | Commissions | Fees and service charges | Principal transactions | Gains on loans and securities, net | Net impairment | Other revenues | Total non-interest income | Total net revenue |"}
{"_id": "d842dcf7a", "title": "", "text": "| Millions of Dollars OperatingLeases Capital Leases | 2007 | 2008 | 2009 | 2010 | 2011 | Later Years | Total minimum lease payments | Amount representing interest | Present value of minimum lease payments |"}
{"_id": "d8f25f614", "title": "", "text": "Determining the fair value of a FTR requires numerous management forecasts that vary in observability, including various forward commodity prices, retail and wholesale demand, generation, and resulting transmission system congestion.\nGiven the limited observability of managements forecasts for several of these inputs, these instruments have been assigned a Level 3.\nLevel 3 commodity derivatives assets and liabilities include $36.9 million and $13.4 million of estimated fair values, respectively, for FTRs held at Dec.  31, 2008.\nDetermining the fair value of certain commodity forwards and options can require management to make use of subjective forward price and volatility forecasts for commodities and locations with limited observability, or subjective forecasts which extend to periods beyond those readily observable on active exchanges or quoted by brokers.\nWhen less observable forward price and volatility forecasts are significant to determining the value of commodity forwards and options, these instruments are assigned to Level 3.\nLevel 3 commodity derivatives assets and liabilities include $2.7 million and $2.9 million of estimated fair values, respectively, for commodity forwards and options held at Dec.  31, 2008.\nNuclear Decommissioning Fund  Nuclear decommissioning fund assets assigned to Level 3 consist of asset-backed and mortgage-backed securities.\nTo the extent appropriate, observable market inputs are utilized to estimate the fair value of these securities, however, less observable and subjective risk-based adjustments to estimated yield and forecasted prepayments are often significant to these valuations.\nTherefore, estimated fair values for all asset-backed and mortgagebacked securities totaling $109.4 million in the nuclear decommissioning fund at Dec.  31, 2008 (approximately 9 percent of total assets measured at fair value), are assigned to Level 3.\nRealized and unrealized gains and losses on nuclear decommissioning fund investments are deferred as a component of a nuclear decommissioning regulatory asset."}
{"_id": "d8c882530", "title": "", "text": "| Denominator | 2008 | Related business revenues: | Solid waste | Waste-to-energy | Base business | Commodity | Electricity (IPPs) | Fuel surcharges and mandated fees | Total Company |"}
{"_id": "d8d8da3b0", "title": "", "text": "| 2010 2009 2008 | (Millions of dollars) | Exploration and Production | Exploration | Production and development | Acquisitions (including leaseholds) | 5,394 | Marketing, Refining and Corporate | Total |"}
{"_id": "d8c95a548", "title": "", "text": "| In millions of dollars Net unrealized gains (losses) on investment securities Foreign currency translation adjustment, net of hedges Cash flow hedges Pension liability adjustments Accumulated other comprehensive income (loss) | Balance at January 1, 2008 | Change in net unrealized gains (losses) on investment securities, net of taxes | Reclassification adjustment for net losses included in net income, net of taxes | Foreign currency translation adjustment, net of taxes-1 | Cash flow hedges, net of taxes-2 | Pension liability adjustment, net of taxes-3 | Change | Balance at December 31, 2008 | Cumulative effect of accounting change (ASC 320-10-35/FSP FAS 115-2 | and FAS 124-2) | Balance at January 1, 2009 | Change in net unrealized gains (losses) on investment securities, net of taxes(4) | Reclassification adjustment for net losses included in net income, net of taxes | Foreign currency translation adjustment, net of taxes-1 | Cash flow hedges, net of taxes-2 | Pension liability adjustment, net of taxes-3 | Change | Balance at December 31, 2009 | Change in net unrealized gains (losses) on investment securities, net of taxes(4) | Reclassification adjustment for net gains included in net income, net of taxes | Foreign currency translation adjustment, net of taxes-1 | Cash flow hedges, net of taxes-2 | Pension liability adjustment, net of taxes-3 | Change | Balance at December 31, 2010 |"}
{"_id": "d8665d558", "title": "", "text": "| In millions 2005 2004 2003 | Sales | Operating Profit |"}
{"_id": "d88c5dd34", "title": "", "text": "| Percentages ofRelated Revenues Fiscal Year Ended September 30, | 2014 | Gross profit — Home sales | Gross profit — Land/lot sales and other | Inventory and land option charges | Gross profit — Total homebuilding | Selling, general and administrative expense | Interest expense | Other (income) | Homebuilding pre-tax income | September 30, | 2015 | (In millions) | Buildings and improvements | Model home furniture | Office furniture and equipment | Land | Total property and equipment | Accumulated depreciation | Property and equipment, net -1 |"}
{"_id": "d82441b60", "title": "", "text": "2010 Annual Report 27 We continue to maximize our operating cash flows with our working capital initiatives designed to improve working capital items that are most directly affected by changes in sales volume, such as receivables, inventories and accounts payable.\nThose improvements are being driven by several actions including non-recourse factoring of non-US trade receivables, revised contractual payment terms with customers and vendors, enhanced collection processes and various supply chain initiatives designed to optimize inventory levels.\nProgress in this area is monitored each period and is a component of our annual incentive plan.\nThe following summarizes certain working capital components expressed as a percentage of trailing twelve months’ net sales."}
{"_id": "d87b35a48", "title": "", "text": "| 2014 2013 2012 2011 2010 | As of December 31(dollars in millions) | Commercial: | Commercial real estate | Commercial and industrial | Equipment financing | Retail: | Residential mortgage | Home equity | Other consumer | Total originated allowance for loan losses |"}
{"_id": "d8df9897c", "title": "", "text": "| One Percentage Point | Increase | Effect on total service and interest cost components | Effect on benefit obligation | Year Ended December 31, 2010 | Financial Services Businesses | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial mortgage and other loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Investment income after investment expenses | Investment results of other entities and operations-2 | Total investment income |"}
{"_id": "d89151b74", "title": "", "text": "FINANCIAL INSTRUMENTS NOT RECORDED AT FAIR VALUE ON A RECURRING BASIS Financial instruments not recorded at fair value on a recurring basis include non-marketable equity securities and equity method investments that have not been remeasured or impaired in the current period, grants receivable, loans receivable, reverse repurchase agreements, and our short-term and long-term debt.\nPrior to the adoption of the new financial instrument standard, our non-marketable cost method investments were disclosed at fair value on a recurring basis.\nThe carrying amount and fair value of our non-marketable cost method investments as of December 30, 2017 were $2.6 billion and $3.6 billion, respectively.\nThese measures are classified as Level 3 within the fair value hierarchy based on the nature of the fair value inputs.\nAs of December 29, 2018, the aggregate carrying value of grants receivable, loans receivable, and reverse repurchase agreements was $833 million (the aggregate carrying amount as of December 30, 2017 was $935 million).\nThe estimated fair value of these financial instruments approximates their carrying value and is categorized as Level 2 within the fair value hierarchy based on the nature of the fair value inputs.\nFor information related to the fair value of our short-term and long-term debt, see Note 15: Borrowings."}
{"_id": "d8adb2cd2", "title": "", "text": "| Quarter Ended | March 31, 2007 | (Thousands of Dollars, except per share amounts) | Revenue | Operating income | Income from continuing operations | Discontinued operations — income | Net income | Earnings available for common shareholders | Earnings per share total — basic | Earnings per share total — diluted |"}
{"_id": "d88df2b22", "title": "", "text": "| December 31, 2017 December 31, 2016 | Dollars in millions | Geography | California | Florida | New Jersey | Illinois | Pennsylvania | Maryland | New York | Virginia | North Carolina | Ohio | All other states | Total residential realestate loans |"}
{"_id": "d8c75e258", "title": "", "text": "| Year Ended December 31, | (In thousands) | Mens | Womens | Youth | Accessories | Total net sales | License revenues | Total net revenues |"}
{"_id": "d8beec3e0", "title": "", "text": "| Percent Hypothetical Reduction in Fair Value and Related Impairment | (in millions) | Eastern Division | NorthCentral Division | Southern Division | Western Division | $— |"}
{"_id": "d8b8276ae", "title": "", "text": "| December 31 | 2006 | (In thousands) | Commitments to extend credit | Home equity lines of credit | Commercial real estate loans to be sold | Other commercial real estate and construction | Residential real estate loans to be sold | Other residential real estate | Commercial and other | Standby letters of credit | Commercial letters of credit | Financial guarantees and indemnification contracts | Commitments to sell real estate loans |"}
{"_id": "d8e65ddfc", "title": "", "text": "Our franchise program As of December 30, 2007, our 4,584 domestic franchise stores were owned and operated by our 1,243 domestic franchisees.\nThe success of our franchise formula, which enables franchisees to benefit from our brand name with a relatively low initial capital investment, has attracted a large number of motivated entrepreneurs as franchisees.\nAs of December 30, 2007, the average domestic franchisee operated approximately three to four stores and had been in our franchise system for twelve years.\nAt the same time, only seven of our domestic franchisees operated more than 50 stores, including our largest domestic franchisee, which operates 143 stores.\nDomestic franchisees We apply rigorous standards to prospective franchisees.\nWe generally require prospective domestic franchisees to manage a store for at least one year before being granted a franchise.\nThis enables us to observe the operational and financial performance of a potential franchisee prior to entering into a long-term contract.\nWe also restrict the ability of domestic franchisees to become involved in other businesses, which focuses our franchisees attention on operating their stores.\nAs a result, the vast majority of our franchisees come from within the Dominos Pizza system.\nWe believe these standards are unique to the franchise industry and result in qualified and focused franchisees operating their stores."}
{"_id": "d87fed9be", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) ACE Limited and Subsidiaries Share-based compensation expense for stock options and shares issued under the Employee Stock Purchase Plan (ESPP) amounted to $24 million ($22 million after tax or $0.07 per basic and diluted share), $23 million ($21 million after tax or $0.06 per basic and diluted share), and $20 million ($18 million after tax or $0.05 per basic and diluted share) for the years ended December 31, 2008, 2007, and 2006, respectively.\nFor the years ended December 31, 2008, 2007 and 2006, the expense for the restricted stock was $101 million ($71 million after tax), $77 million ($57 million after tax), and $65 million ($49 million after tax), respectively.\nDuring 2004, the Company established the ACE Limited 2004 Long-Term Incentive Plan (the 2004 LTIP).\nOnce the 2004 LTIP was approved by shareholders, it became effective February 25, 2004.\nIt will continue in effect until terminated by the Board.\nThis plan replaced the ACE Limited 1995 Long-Term Incentive Plan, the ACE Limited 1995 Outside Directors Plan, the ACE Limited 1998 Long-Term Incentive Plan, and the ACE Limited 1999 Replacement Long-Term Incentive Plan (the Prior Plans) except as to outstanding awards.\nDuring the Companys 2008 annual general meeting, shareholders voted to increase the number of Common Shares authorized to be issued under the 2004 LTIP from 15,000,000 Common Shares to 19,000,000 Common Shares.\nAccordingly, under the 2004 LTIP, a total of 19,000,000 Common Shares of the Company are authorized to be issued pursuant to awards made as stock options, stock appreciation rights, performance shares, performance units, restricted stock, and restricted stock units.\nThe maximum number of shares that may be delivered to participants and their beneficiaries under the 2004 LTIP shall be equal to the sum of: (i) 19,000,000 shares; and (ii) any shares that are represented by awards granted under the Prior Plans that are forfeited, expired, or are canceled after the effective date of the 2004 LTIP, without delivery of shares or which result in the forfeiture of the shares back to the Company to the extent that such shares would have been added back to the reserve under the terms of the applicable Prior Plan.\nAs of December 31, 2008, a total of 10,591,090 shares remain available for future issuance under this plan.\nUnder the 2004 LTIP, 3,000,000 Common Shares are authorized to be issued under the ESPP.\nAs of December 31, 2008, a total of 989,812 Common Shares remain available for issuance under the ESPP.\nStock options The Companys 2004 LTIP provides for grants of both incentive and non-qualified stock options principally at an option price per share of 100 percent of the fair value of the Companys Common Shares on the date of grant.\nStock options are generally granted with a 3-year vesting period and a 10-year term.\nThe stock options vest in equal annual installments over the respective vesting period, which is also the requisite service period.\nIncluded in the Companys share-based compensation expense in the year ended December 31, 2008, is the cost related to the unvested portion of the 2005-2008 stock option grants.\nThe fair value of the stock options was estimated on the date of grant using the Black-Scholes option-pricing model that uses the assumptions noted in the following table.\nThe risk-free interest rate is based on the U. S.  Treasury yield curve in effect at the time of grant.\nThe expected life (estimated period of time from grant to exercise date) was estimated using the historical exercise behavior of employees.\nExpected volatility was calculated as a blend of (a) historical volatility based on daily closing prices over a period equal to the expected life assumption, (b) longterm historical volatility based on daily closing prices over the period from ACEs initial public trading date through the most recent quarter, and (c) implied volatility derived from ACEs publicly traded options.\nThe fair value of the options issued is estimated on the date of grant using the Black-Scholes option-pricing model, with the following weighted-average assumptions used for grants for the years indicated:"}
{"_id": "d8e5fd8f8", "title": "", "text": "| Twelve Months Ended December 31, Change | Net cash provided by (used in): | (In millions) | Net short-term borrowings (repayments) | Proceeds from issuance of long-term debt | Payments on long-term debt | Payment of contingent consideration | Debt issuance costs |"}
{"_id": "d8abd3060", "title": "", "text": "| December 31, 2008 Outstandings Year Ended December 31, 2008  SOP 03-3 Net Charge-offs-1 | (Dollars in millions) | California | Florida | Arizona | Virginia | Washington | Other U.S./ Foreign | Total SOP 03-3 discontinued real estate loans |"}
{"_id": "d87876a6e", "title": "", "text": "Investing Activities Net cash used in investing activities was $752.3 million, $404.2 million and $1,759.1 million in the years ended December 31, 2017, 2016 and 2015, respectively.\nThe increase in the year ended December 31, 2017 compared with the year ended December 31, 2016 was primarily due to the acquisition of Sevcon and higher capital expenditures, including tooling outlays, offset by the 2016 sales of Divgi-Warner and the Remy light vehicle aftermarket business.\nThe decrease in the year ended December 31, 2016 compared with the year ended December 31, 2015 was primarily driven by lower capital expenditures, including tooling outlays, the 2016 sales of Divgi-Warner and the Remy light vehicle aftermarket business and the 2015 acquisition of Remy and BERU Diesel.\nYear over year capital spending increase of $59.4 million during the year ended December 31, 2017 is due to higher spending required for new program awards within the Drivetrain segment.\nYear over year capital spending decrease of $76.7 million during the year ended December 31, 2016 was primarily due to lower spending on new buildings and building expansions."}
{"_id": "d87d9aafe", "title": "", "text": "| FCX Issuer FM O&G LLC Guarantor Non-guarantor Subsidiaries Eliminations Consolidated FCX | Revenues | Total costs and expenses | Operating loss | Interest expense, net | Net gain on early extinguishment and exchanges of debt | Other income (expense), net | (Loss) income before income taxes and equity in affiliated companies’ net (losses) earnings | (Provision for) benefit from income taxes | Equity in affiliated companies’ net (losses) earnings | Net (loss) income from continuing operations | Net loss from discontinued operations | Net (loss) income | Net income, and gain on redemption and preferred dividends attributable to noncontrolling interests: | Continuing operations | Discontinued operations | Net (loss) income attributable to common stockholders | Other comprehensive (loss) income | Total comprehensive (loss) income |"}
{"_id": "d8ee05b40", "title": "", "text": "| Payments Due by December 31, | Contractual ObligationsMillions | Debt [a] | Operating leases [b] | Capital lease obligations [c] | Purchase obligations [d] | Other post retirement benefits [e] | Income tax contingencies [f] | Total contractualobligations | Millions | Deferred income tax liabilities: | Property | Other | Total deferred income tax liabilities | Deferred income tax assets: | Accrued wages | Accrued casualty costs | Stock compensation | Retiree benefits | Credits | Other | Total deferred income tax assets | Net deferred income tax liability | Millions | Notes and debentures, 1.8% to 7.9% due through 2067 | Equipment obligations, 2.6% to 6.7% due through 2031 | Capitalized leases, 3.1% to 8.0% due through 2028 | Receivables Securitization (Note 11) | Term loans - floating rate, due in 2019 | Commercial paper,2.6%to 2.8% due in 2019 | Medium-term notes,9.3%to 10.0% due through 2020 | Mortgage bonds, redeemed March 15, 2018 | Unamortized discount and deferred issuance costs | Total debt | Less: current portion | Total long-term debt |"}
{"_id": "d8e0b4d24", "title": "", "text": "| % Change | Dollar in Millions | Cost of products sold | Marketing, selling and administrative | Research and development | Other (income)/expense | Total Expenses |"}
{"_id": "d869d06a4", "title": "", "text": "Derivatives used in trading activities Various derivative financial instruments are offered to enable customers to meet their financing and investing objectives and for their risk management purposes.\nDerivative financial instruments used in trading activities consisted predominantly of interest rate swaps, but also included interest rate caps, floors, and futures, as well as foreign exchange options.\nInterest rate options grant the option holder the right to buy or sell an underlying financial instrument for a predetermined price before the contract expires.\nInterest rate futures are commitments to either purchase or sell a financial instrument at a future date for a specified price or yield and may be settled in cash or through delivery of the underlying financial instrument.\nInterest rate caps and floors are option-based contracts that entitle the buyer to receive cash payments based on the difference between a designated reference rate and a strike price, applied to a notional amount.\nWritten options, primarily caps, expose Huntington to market risk but not credit risk.\nPurchased options contain both credit and market risk.\nThe interest rate risk of these customer derivatives is mitigated by entering into similar derivatives having offsetting terms with other counterparties.\nThe credit risk to these customers is evaluated and included in the calculation of fair value.\nThe net fair values of these derivative financial instruments, for which the gross amounts are included in accrued income and other assets or accrued expenses and other liabilities at December 31, 2010 and 2009, were $46.3 million and $45.1 million, respectively.\nThe total notional values of derivative financial instruments used by Huntington on behalf of customers, including offsetting derivatives, were $9.8 billion and $9.6 billion at December 31, 2010 and 2009, respectively.\nHuntingtons credit risks from interest rate swaps used for trading purposes were $263.0 million and $255.7 million at the same dates, respectively."}
{"_id": "d8ccee808", "title": "", "text": "| December 31, 2015 | Asset Category | (in millions) | Equity securities: | U.S. large cap stocks | U.S. small cap stocks | Non-U.S. large cap stocks | Non-U.S. small cap stocks | Emerging markets | Debt securities: | U.S. investment grade bonds | U.S. high yield bonds | Non-U.S. investment grade bonds | Real estate investment trusts | Hedge funds | Pooled pension funds | AVC assets (pooled pension funds) | Cash equivalents | Total | December 31, 2014 | Asset Category | (in millions) | Equity securities: | U.S. large cap stocks | U.S. small cap stocks | Non-U.S. large cap stocks | Non-U.S. small cap stocks | Emerging markets | Debt securities: | U.S. investment grade bonds | U.S. high yield bonds | Non-U.S. investment grade bonds | Real estate investment trusts | Hedge funds | Pooled pension funds | AVC assets (pooled pension funds) | Cash equivalents | Total |"}
{"_id": "d879a9e36", "title": "", "text": "| For the year ended December 31, | 2008 | (in billions) | Account values, beginning of period | Net cash flow | Credited investment performance | Other | Account values, end of period |"}
{"_id": "d8ea69f72", "title": "", "text": "| Year ended December 31, U.S. pension benefits Non- U.S. pension benefits Other postretirement benefits before Medicare Part D subsidy | (in millions) | 2006 | 2007 | 2008 | 2009 | 2010 | Years 2011–2015 |"}
{"_id": "d8a0bce42", "title": "", "text": "| For the years ended December 31, 2016 2015 2014 | Units granted | Weighted-average fair value at date of grant | Monte Carlo simulation assumptions: | Estimated values | Dividend yields | Expected volatility |"}
{"_id": "d8c3f3abe", "title": "", "text": "FAIR VALUE OF FINANCIAL INSTRUMENTS: The carrying values of cash, cash equivalents, accounts receivable, accounts payable, accrued expenses, other accrued liabilities and short-term obligations are deemed to be reasonable estimates of their fair values because of their short-term nature.\nThe fair values of investments are based on quoted market prices for those or similar investments.\nThe carrying value of long-term debt is considered a reasonable estimate of fair value due to the variable interest rate underlying the Companys credit facility.\nThe Companys interest rate swap agreement is recorded at fair value, utilizing the value of a hypothetical derivative with the same characteristics as the swap agreement.\nDERIVATIVE FINANCIAL INSTRUMENTS: The Company holds a derivative financial instrument to manage interest rate risk.\nThe Company accounts for this instrument as a cash flow hedge in accordance with FASB Statement No.133, Accounting for Derivative Instruments and Hedging Activities (Statement No.133), which requires that every derivative instrument be recorded on the balance sheet as either an asset or liability measured at its fair value as of the reporting date.\nStatement No.133 also requires that changes in the Companys derivative fair value be recognized in earnings, unless specific hedge accounting and documentation criteria are met (i. e.  the instrument is accounted for as a hedge).\nThe Company records the effective portion of its derivative financial instrument in accumulated other comprehensive income on the consolidated balance sheets.\nAny ineffective portion or excluded portion of the designated cash flow hedge would be recognized in earnings.\nThe Companys current cash flow hedge does not have an ineffective or excluded portion.\nThe Company utilizes the hypothetical derivative method to ensure the hedge is effective in offsetting variability in interest expense associated with its credit facility.\nThe Company uses the dollar offset method for calculating ineffectiveness by comparing the cumulative fair value of the swap to the cumulative fair value of the hypothetical derivative."}
{"_id": "d87eff462", "title": "", "text": "| For the years ended December 31 2013 2012 2011 | Shares authorized for repurchase at January 1 | Additional authorizations(a) | Share repurchases(b) | Shares authorized for repurchase at December 31 | Average price paid per share |"}
{"_id": "d8e37405a", "title": "", "text": "| $ in millions Total-4,5,6 Within 1 Year 1-3 Years 3-5 Years More Than 5 Years | Long-term debt-1 | Estimated interest payments on long-term debt-1 | Operating leases-2 | Purchase obligations-3 | Total |"}
{"_id": "d8a3e183e", "title": "", "text": "Russia and Europe.\nAverage sales price realizations for uncoated freesheet paper decreased in both Europe and Russia, reflecting weak economic conditions and soft market demand.\nIn Russia, sales prices in rubles increased, but this improvement is masked by the impact of the currency depreciation against the U. S.  dollar.\nInput costs were significantly higher for wood in both Europe and Russia, partially offset by lower chemical costs.\nPlanned maintenance downtime costs were $11 million lower in 2014 than in 2013.\nManufacturing and other operating costs were favorable.\nEntering 2015, sales volumes in the first quarter are expected to be seasonally weaker in Russia, and about flat in Europe.\nAverage sales price realizations for uncoated freesheet paper are expected to remain steady in Europe, but increase in Russia.\nInput costs should be lower for oil and wood, partially offset by higher chemicals costs."}
{"_id": "d89b1abec", "title": "", "text": "| 2008 2007 | Health care cost trend rate assumed for next year | Rate to which the cost trend rate is assumed to decline (ultimate trend rate) | Year rate reaches ultimate trend rate |"}
{"_id": "d8b35f9c8", "title": "", "text": "| ($ in millions) 2007 2006 2005 | Cash flows from operating activities | Incremental pension funding, net of tax | Capital spending | Proceeds for replacement of fire-damaged assets | Free cash flow |"}
{"_id": "d8c5b61bc", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | Gross reserves at beginning of period | Incurred related to: | Current year | Prior years | Total incurred losses | Paid related to: | Current year | Prior years | Total paid losses | Foreign exchange/translation adjustment | Change in reinsurance receivables on unpaid losses and LAE | Gross reserves at end of period | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d87f2965e", "title": "", "text": "| (in millions) 2006 2005 2004 | Revenues: | Spread-Based Investment Business | Institutional Asset Management | Brokerage Services and Mutual Funds | Other | Total | Operating income: | Spread-Based Investment Business(a) | Institutional Asset Management(b)(c) | Brokerage Services and Mutual Funds | Other | Total | American International | Group, Inc. | (in millions) | Year Ended December 31, 2006 | Net cash provided by operating activities | Cash flows from investing: | Invested assets disposed | Invested assets acquired | Other | Net cash used in investing activities | Cash flows from financing activities: | Issuance of debt | Repayments of debt | Other | Net cash provided by (used in) financing activities | Effect of exchange rate changes on cash | Change in cash | Cash at beginning of year | Cash at end of year | Year Ended December 31, 2005 | Net cash provided by operating activities | Cash flows from investing: | Invested assets disposed | Invested assets acquired | Other | Net cash used in investing activities | Cash flows from financing activities: | Issuance of debt | Repayments of debt | Other | Net cash provided by (used in) financing activities | Effect of exchange rate changes on cash | Change in cash | Cash at beginning of year | Cash at end of year | Year Ended December 31, 2004 | Net cash provided by operating activities | Cash flows from investing: | Invested assets disposed | Invested assets acquired | Other | Net cash used in investing activities | Cash flows from financing activities: | Issuance of debt | Repayments of debt | Other | Net cash provided by (used in) financing activities | Effect of exchange rate changes on cash | Change in cash | Cash at beginning of year | Cash at end of year | Years Ended December 31, | 2011 | (in millions) | Revenues | Management and financial advice fees | Net investment loss | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest and debt expense | General and administrative expense | Total expenses | Operating loss |"}
{"_id": "d8f8897e2", "title": "", "text": "| Years ended December 31, Change | 2006 | Salaries and related expenses | Professional fees | Rent, depreciation and amortization | Corporate insurance | Other | Expenses allocated to operating divisions | Total |"}
{"_id": "d8a8783d4", "title": "", "text": "| 2010 | Fourth | (dollar amounts in thousands, except per share amounts) | Interest income | Interest expense | Net interest income | Provision for credit losses | Net interest income after provision for credit losses | Total noninterest income | Total noninterest expense | Income before income taxes | Provision (benefit) for income taxes | Net income | Dividends on preferred shares | Net income applicable to common shares | Common shares outstanding | Average — basic | Average — diluted-2 | Ending | Book value per share | Tangible book value per share-3 | Per common share | Net income — basic | Net income — diluted | Cash dividends declared | Common stock price, per share | High-4 | Low-4 | Close | Average closing price | Return on average total assets | Return on average common shareholders’ equity | Return on average tangible common shareholders’ equity-5 | Efficiency ratio-6 | Effective tax rate (benefit) | Margin analysis-as a % of average earning assets-7 | Interest income-7 | Interest expense | Net interest margin-7 | Revenue — FTE | Net interest income | FTE adjustment | Net interest income-7 | Noninterest income | Total revenue-7 |"}
{"_id": "d8c0c05ae", "title": "", "text": "| 2015 2014 | ($ in millions) | Commercial paper: | Prudential Financial | Prudential Funding, LLC | Subtotal commercial paper | Current portion of long-term debt-1 | Total short-term debt-2 | Supplemental short-term debt information: | Portion of commercial paper borrowings due overnight | Daily average commercial paper outstanding | Weighted average maturity of outstanding commercial paper, in days | Weighted average interest rate on outstanding short-term debt-3 |"}
{"_id": "d8ebde632", "title": "", "text": "The states of domicile of our domestic life insurance subsidiaries have in place a regulation entitled “Valuation of Life Insurance Policies,” commonly known as “Regulation XXX,” and a supporting Guideline entitled “The Application of the Valuation of Life Insurance Policies,” commonly known as “Guideline AXXX.\n” The Regulation and supporting Guideline require insurers to establish statutory reserves for term and universal life insurance policies with long-term premium guarantees that are consistent with the statutory reserves required for other individual life insurance policies with similar guarantees.\nMany market participants believe that this level of reserves is excessive, and we have implemented reinsurance and capital management actions to mitigate the impact of Regulation XXX and Guideline AXXX on our term and universal life insurance business, including actions that are described in more detail below.\nIn 2006, a subsidiary of Prudential Insurance entered into a surplus note purchase agreement with an unaffiliated financial institution that provides for the issuance of up to $3.0 billion of ten-year floating rate surplus notes through 2016, if certain conditions are met (commonly referred to as XXX notes), for the purpose of financing certain regulatory reserves required to be held by subsidiary life insurers in connection with the intercompany reinsurance of certain term life insurance policies.\nIn connection with this financing arrangement, Prudential Financial has agreed with such subsidiary that it or certain of its affiliates will make capital contributions to such subsidiary as necessary to maintain the capital of such subsidiary at or above a prescribed minimum level.\nConcurrent with the issuance of each surplus note, Prudential Financial enters into arrangements with the buyer, which are accounted for as derivative instruments, which may result in payments by, or to, Prudential Financial over the term of the surplus notes, to the extent there are significant changes in the value of the surplus notes.\nPrincipal factors that impact the value of the surplus notes are mortality experience, interest rates and credit spreads.\nAs of December 31, 2010, there have been no collateral postings made under the derivative instruments.\nSurplus notes issued under this facility are subordinated to policyholder obligations and are subject to regulatory approvals for principal and interest payments.\nTotal outstanding notes under this facility were $2.7 billion as of both December 31, 2010 and 2009.\nDuring 2007, a subsidiary of Prudential Insurance issued $500 million of 45-year floating rate surplus notes (commonly referred to as AXXX notes) to an unaffiliated financial institution for the purpose of financing certain regulatory reserves required to be held by subsidiary life insurers in connection with the intercompany reinsurance of certain universal life insurance policies.\nSurplus notes issued under this facility are subordinated to policyholder obligations and are subject to regulatory approvals for principal and interest payments.\nPRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements 4."}
{"_id": "d82d2c6a8", "title": "", "text": "| Years Ended | September 27, 2008 | Amount | Total Revenues | Operating Income |"}
{"_id": "d8c3f3b86", "title": "", "text": "| Year Ended December 31, | Assumption used in Monte Carlo lattice pricing model | Risk-free interest rate | Expected dividend yield | Expected volatility—ANSYS Stock Price | Expected volatility—NASDAQ Composite Index | Expected term | Correlation factor |"}
{"_id": "d8f529a70", "title": "", "text": "J.  Scott Wheway is Chief Executive Officer — Best Buy Europe, appointed in July 2009.\nHe joined us in May 2009 as Chief Operating Officer — Best Buy International.\nPrior to joining us, Mr.  Wheway served as managing director of Boots the Chemist, a health and beauty chain in the U. K. , part of Alliance Boots GmbH, an international health and beauty group with both retail and wholesale operations.\nPrior to joining Boots in 2005, Mr.  Wheway spent 20 years at Tesco plc, a global retailer of food, non-food and retailing services, where he worked his way up from the sales floor to senior executive leadership positions, including operations director and change director.\nHe also serves as a non-executive director of Aviva plc, a U. K. -based global insurer."}
{"_id": "d8e0599ba", "title": "", "text": "| Shares Average Grant DateFair Value Per Share | Beginning of year | Granted | Earned/vested | Canceled | End of year |"}
{"_id": "d8ab1117c", "title": "", "text": "(1) Yields are based on quarterly average carrying values except for fixed maturities, equity securities and securities lending activity.\nYields for fixed maturities are based on amortized cost.\nYields for equity securities are based on cost.\nYields for fixed maturities and short-term investments and cash equivalents are calculated net of liabilities and rebate expenses corresponding to securities lending activity.\nYields exclude investment income on assets other than those included in invested assets.\nPrior periods yields are presented on a basis consistent with the current period presentation.\n(2) Includes investment income of securities brokerage, securities trading, banking operations, real estate and relocation services, and asset management operations."}
{"_id": "d8b316e76", "title": "", "text": "| February 27, 2010 February 28, 2009 | Principal Balance | JPMorgan revolving credit facility | ARS revolving credit line | Europe receivables financing facility | Europe revolving credit facility | Canada revolving demand facility | China revolving demand facilities | Total short-term debt |"}
{"_id": "d8945848a", "title": "", "text": "| Year ended December 31,(in millions) 2013 2012 2011 | Hedges of loans and lending-related commitments | CVA and hedges of CVA | Net gains/(losses) | Year ended December 31, 2013 | (in billions) | RWA at December 31, 2012 | Rule changes(a) | Model & data changes(b) | Portfolio runoff(c) | Movement in portfolio levels(d) | Increase in RWA | RWA at December 31, 2013 | December 31, | Capital ratios | Tier 1 capital | Total capital | Tier 1 leverage | Tier 1 common(a) |"}
{"_id": "d8ce707bc", "title": "", "text": "| Business Records Management Off-Site Data Protection International Corporate & Other-1 Total Consolidated | 2001 | Total Revenues | Contribution | Total Assets | 2002 | Total Revenues | Contribution | Total Assets | 2003 | Total Revenues | Contribution | Total Assets |"}
{"_id": "d8ef60922", "title": "", "text": "| Fair Value Gains(Losses) Year ended | In millions | Assets | Nonaccrual loans | Loans held for sale | Equity investments (b) | Commercial mortgage servicing rights (c) | Other intangible assets | Other assets (d) | Total assets |"}
{"_id": "d8b736934", "title": "", "text": "| 2015 2014 2013 | (in millions) | Expected federal income tax expense (benefit) | Non-taxable investment income | Foreign taxes at other than U.S. rate | Low-income housing and other tax credits | Reversal of acquisition opening balance sheet deferred tax items | Change in repatriation assertion | Minority interest | Medicare Part D | Change in tax law: active financing exception | Other | Total income tax expense (benefit) on continuing operations before equity in earnings of operating joint ventures |"}
{"_id": "d8ba001ce", "title": "", "text": "| 2003 2002 | Office | Industrial | Retail | Other | Total |"}
{"_id": "d87851e1c", "title": "", "text": "| ($ in millions) Asset Retirement Obligations | Balance at January 1, 2009 | Accretion expense | Payment of asset retirement obligation | Balance at December 31, 2009 | Obligation relating to the future retirement of a facility | Accretion expense | Payment of asset retirement obligation | Balance at December 31, 2010 | Obligation relating to the future retirement of a facility | Accretion expense | Payment of asset retirement obligation | Balance at December 31, 2011 |"}
{"_id": "d8c1b41c2", "title": "", "text": "Humana Inc.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) value, or the excess of the market value over the exercise or purchase price, of stock options exercised and restricted stock awards vested during the period.\nThe actual tax benefit realized for the deductions taken on our tax returns from option exercises and restricted stock vesting totaled $16.3 million in 2009, $16.9 million in 2008, and $48.0 million in 2007.\nThere was no capitalized stock-based compensation expense.\nThe stock plans provide that one restricted share is equivalent to 1.7 stock options.\nAt December 31, 2009, there were 12,818,855 shares reserved for stock award plans, including 4,797,304 shares of common stock available for future grants assuming all stock options or 2,821,944 shares available for future grants assuming all restricted shares.\nStock Options Stock options are granted with an exercise price equal to the average market value of the underlying common stock on the date of grant.\nOur stock plans, as approved by the Board of Directors and stockholders, define average market value as the average of the highest and lowest stock prices reported by the New York Stock Exchange on a given date.\nExercise provisions vary, but most options vest in whole or in part 1 to 3 years after grant and expire 7 to 10 years after grant.\nUpon grant, stock options are assigned a fair value based on the Black-Scholes valuation model.\nCompensation expense is recognized on a straight-line basis over the total requisite service period, generally the total vesting period, for the entire award.\nFor stock options granted on or after January 1, 2010 to retirement eligible employees, the compensation expense is recognized on a straight-line basis over the shorter of the requisite service period or the period from the date of grant to an employees eligible retirement date.\nThe weighted-average fair value of each option granted during 2009, 2008, and 2007 is provided below.\nThe fair value was estimated on the date of grant using the Black-Scholes pricing model with the weighted-average assumptions indicated below:"}
{"_id": "d81a04f30", "title": "", "text": "| Net Sales | (Amounts in millions) | Product Category: | Tools | Diagnostics and repair information | Equipment | $2,937.9 |"}
{"_id": "d88908f30", "title": "", "text": "| Years Ended March 31, | (In millions) | Distribution Solutions | Direct distribution & services | Sales to customers’ warehouses | Total U.S. pharmaceutical distribution & services | Canada pharmaceutical distribution & services | Medical-Surgical distribution & services | Total Distribution Solutions | Technology Solutions | Services | Software & software systems | Hardware | Total Technology Solutions | Total Revenues |"}
{"_id": "d8ba12cac", "title": "", "text": "| December 31, | 2017 | Identified intangible assets (included in other assets): | Gross amount | Accumulated amortization | Net-1 | Identified intangible liabilities (included in deferred revenue): | Gross amount | Accumulated amortization | Net-1 |"}
{"_id": "d8e34404e", "title": "", "text": "| (Square feet in thousands) United States Other Countries Total | Owned | Leased | Total |"}
{"_id": "d87c97d64", "title": "", "text": "| Total Real Estate Private Equity/ Venture Capital Hedge Funds | October 31, 2011* | Realized gain | Change in unrealized gain (loss) | Purchases, sales and settlements - net | October 31, 2012* | Realized gain | Change in unrealized gain | Purchases, sales and settlements - net | October 31, 2013* |"}
{"_id": "d819229aa", "title": "", "text": "CONTRACTUAL OBLIGATIONS We have entered into contracts with various third parties in the normal course of business which will require future payments.\nThe following table illustrates our contractual obligations (in millions):"}
{"_id": "d87264946", "title": "", "text": "Long-Term Debt Instruments The difference between the aggregate contractual principal amount and the related fair value of long-term other secured financings for which the fair value option was elected was not material as of December 2017, and the aggregate contractual principal amount exceeded the related fair value by $361 million as of December 2016.\nThe aggregate contractual principal amount of unsecured long-term borrowings for which the fair value option was elected exceeded the related fair value by $1.69 billion and $1.56 billion as of December 2017 and December 2016, respectively.\nThe amounts above include both principaland non-principal-protected long-term borrowings."}
{"_id": "d86bdf99a", "title": "", "text": "| In millions BenefitPayments Subsidy Receipts | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 – 2015 |"}
{"_id": "d8b9e7f48", "title": "", "text": "| 2014 2013 2012 | McKesson Corporation | 12% | 15% |"}
{"_id": "d8b2d5732", "title": "", "text": "Expected Investment in Joint Venture On 12 August 2018, Air Products entered an agreement to form a gasification/power joint venture (\"JV\") with Saudi Aramco and ACWA in Jazan, Saudi Arabia.\nAir Products will own at least 55% of the JV, with Saudi Aramco and ACWA Power owning the balance.\nThe JV will purchase the gasification assets, power block, and the associated utilities from Saudi Aramco for approximately $8 billion.\nOur expected investment has been excluded from the contractual obligations table above pending closing, which is currently expected in fiscal year 2020.\nThe JV will own and operate the facility under a 25-year contract for a fixed monthly fee.\nSaudi Aramco will supply feedstock to the JV, and the JV will produce power, hydrogen and other utilities for Saudi Aramco."}
{"_id": "d89864556", "title": "", "text": "| 2007 2006 | December 31, (in billions) | Financial assets | Assets for which fair value approximates carrying value | Federal funds sold and securities purchased under resale agreements (included $19.1 at fair value at December 31, 2007) | Trading assets | Securities | Loans | Mortgage servicing rights at fair value | Other (included $22.2 at fair value at December 31, 2007) | Total financial assets | Financial liabilities | Deposits (included $6.4 at fair value at December 31, 2007) | Federal funds purchased and securities sold under repurchase agreements (included $5.8 at fair value at December 31, 2007) | Commercial paper | Other borrowed funds (included $10.8 at fair value at December 31, 2007) | Trading liabilities | Accounts payable, accrued expense and other liabilities | Beneficial interests issued by consolidated VIEs (included $3.0 at fair value at December 31, 2007) | Long-term debt and Junior subordinated deferrable interest debentures (included $70.5 and $25.4 at fair value atDecember 31, 2007 and 2006, respectively) | Total financial liabilities | Net appreciation | Year ended December 31, | (in millions, except ratios) | Balance, January 1 | Washington Mutual acquisition | Accretion into interest income | Changes in interest rates on variable rate loans | Other changes in expected cash flows(a) | Balance, December 31 | Accretable yield percentage |"}
{"_id": "d87dd6c16", "title": "", "text": "| Less than 12 months 12 months or more Total | Fair Value | (in millions) | December 31, 2012 | U.S. Treasury and other U.S. government corporations and agencies: | U.S. Treasury and agency obligations | Mortgage-backed securities | Tax-exempt municipal securities | Mortgage-backed securities: | Residential | Commercial | Asset-backed securities | Corporate debt securities | Total debt securities | December 31, 2011 | U.S. Treasury and other U.S. government corporations and agencies: | U.S. Treasury and agency obligations | Mortgage-backed securities | Tax-exempt municipal securities | Mortgage-backed securities: | Residential | Commercial | Asset-backed securities | Corporate debt securities | Total debt securities |"}
{"_id": "d8c518d5e", "title": "", "text": "| December 31 | (Dollars in millions) | Trading account assets | U.S. government and agency securities-1 | Corporate securities, trading loans and other | Equity securities | Foreign sovereign debt | Mortgage trading loans and asset-backed securities | Total trading account assets | Trading account liabilities | U.S. government and agency securities | Equity securities | Foreign sovereign debt | Corporate securities and other | Total trading account liabilities |"}
{"_id": "d8c8d06fe", "title": "", "text": "| September 30, | 2011 | (In millions) | Warranty liability, beginning of year | Warranties issued | Changes in liability for pre-existing warranties | Settlements made | Warranty liability, end of year |"}
{"_id": "d8740b920", "title": "", "text": "| 2013 2012 2011 | (in millions) | Total cash provided by (used in): | Operating activities | Investing activities | Financing activities | Effect of exchange rate changes on cash and cash equivalents | Increase (decrease) in cash and cash equivalents |"}
{"_id": "d8eaec7f6", "title": "", "text": "| (Dollars in millions) 2015 2014 2013 | Contractual Backlog: | Commercial Airplanes | Defense, Space & Security: | Boeing Military Aircraft | Network & Space Systems | Global Services & Support | Total Defense, Space & Security | Total contractual backlog | Unobligated backlog |"}
{"_id": "d8aff5012", "title": "", "text": "Ameriprise Advisor Group Deferred Compensation Plan The Advisor Group Deferral Plan, which was created in April 2009, allows for employee advisors to receive share-based bonus awards which are subject to future service requirements and forfeitures.\nThe Advisor Group Deferral Plan is an unfunded non-qualified deferred compensation plan under section 409A of the Internal Revenue Code.\nThe Advisor Group Deferral Plan also gives qualifying employee advisors the choice to defer a portion of their base salary or commissions.\nThis deferral can be in the form of Ameriprise Financial stock or other investment options.\nDeferrals are not subject to future service requirements or forfeitures.\nUnder the Advisor Group Deferral Plan, a maximum of 3.0 million shares may be issued.\nAwards granted under the Advisor Group Deferral Plan may be settled in cash and/or shares of the Company’s common stock according to the award’s terms.\nShare units receive dividend equivalents, as dividends are declared by the Company’s Board of Directors, until distribution and are subject to forfeiture until vested."}
{"_id": "d885791a8", "title": "", "text": "15.\nCOMMITMENTS AND CONTINGENCIES The Company is subject to various claims and contingencies related to, among other things, workers compensation, general liability (including product liability), automobile claims, health care claims, environmental matters and lawsuits.\nThe Company is also subject to various claims and contingencies related to income taxes, which are discussed in Note 12.\nThe Company also has contractual obligations including lease commitments, which are discussed in Note 13.\nThe Company records liabilities where a contingent loss is probable and can be reasonably estimated.\nIf the reasonable estimate of a probable loss is a range, the Company records the most probable estimate of the loss or the minimum amount when no amount within the range is a better estimate than any other amount.\nThe Company discloses a contingent liability even if the liability is not probable or the amount is not estimable, or both, if there is a reasonable possibility that a material loss may have been incurred.\nInsurance Globally, the Company has insurance policies with varying deductibility levels for property and casualty losses.\nThe Company is insured for losses in excess of these deductibles, subject to policy terms and conditions and has recorded both a liability and an offsetting receivable for amounts in excess of these deductibles.\nThe Company is self-insured for health care claims for eligible participating employees, subject to certain deductibles and limitations.\nThe Company determines its liabilities for claims on an actuarial basis.\nLitigation and Environmental Matters The Company and certain subsidiaries are party to various lawsuits, claims and environmental actions that have arisen in the ordinary course of business.\nThese include from time to time antitrust, commercial, patent infringement, product liability and wage hour lawsuits, as well as possible obligations to investigate and mitigate the effects on the environment of the disposal or release of certain chemical substances at various sites, such as Superfund sites and other operating or closed facilities.\nThe Company has established accruals for certain lawsuits, claims and environmental matters.\nThe Company currently believes that there is not a reasonably possible risk of material loss in excess of the amounts accrued related to these legal matters.\nBecause litigation is inherently uncertain, and unfavorable rulings or developments could occur, there can be no certainty that the Company may not ultimately incur charges in excess of recorded liabilities.\nA future adverse ruling, settlement or unfavorable development could result in future charges that could have a material adverse effect on the Companys results of operations or cash flows in the period in which they are recorded.\nThe Company currently believes that such future charges related to suits and legal claims, if any, would not have a material adverse effect on the Companys consolidated financial position.\nEnvironmental Matters The Company is currently participating in environmental assessments and remediation at approximately 45 locations, the majority of which are in the U. S. , and environmental liabilities have been accrued reflecting managements best estimate of future costs.\nPotential insurance reimbursements are not anticipated in the Companys accruals for environmental liabilities.\nIn 2005, average earning assets increased $487 million, or 12%, including increases of $250 million, or 8%, in average residential mortgage loans and $228 million, or 25%, in average home equity loans.\nAverage consumer deposits increased $90 million, or 1%, compared to 2004.\nTreasury encompasses the securities portfolio, short-term investments, wholesale funding activities, such as borrowings and the funding center.\nThe income or loss for the funding center, which includes the impact of derivative financial instruments used for risk management purposes, represents the interest rate risk component of Peoples net interest income as calculated by Peoples funds transfer pricing model (FTP), to derive each operating segments net interest income.\nUnder this process, a money desk (the funding center) buys funds from liability-generating business lines (such as consumer deposits) and sells funds to asset-generating business lines (such as commercial lending).\nThe price at which funds are bought and sold on any given day is set by Peoples treasury group and is based on the wholesale cost to Peoples of assets and liabilities with similar maturities.\nLiability-generating businesses sell newly originated liabilities to the money desk and recognize a funding credit, while asset-generating businesses buy funding for newly originated assets from the money desk and recognize a funding charge.\nOnce funding for an asset is purchased from or a liability is sold to the money desk, the price that is set by the treasury group will remain with that asset or liability until it matures or reprices, which effectively transfers responsibility for managing interest rate risk to the treasury group."}
{"_id": "d8c77398c", "title": "", "text": "| Restricted Stock Units Outstanding Weighted-   Average Grant-   Date Fair Value   Per Share | Restricted stock units outstanding at October 31, 2009 | Units granted | Restrictions lapsed | Units forfeited | Restricted stock units outstanding at October 30, 2010 |"}
{"_id": "d8e92afda", "title": "", "text": "Copyright?2011 Standard & Poor's, a division of The McGraw-Hill Companies Inc.  All rights reserved.\n(www.\nresearchdatagroup.\ncom/S&P.\nhtm) Copyright?2011 Dow Jones & Company.\nAll rights reserved."}
{"_id": "d8deebdd0", "title": "", "text": "| Cost Per Million Btu | Fuel Consumed | Coal | Gas | Oil | Weighted average fuel cost |"}
{"_id": "d87397d04", "title": "", "text": "Share-Based Compensation The Company’s share-based compensation plans consist of the Amended and Restated Ameriprise Financial 2005 Incentive Compensation Plan (the ‘‘2005 ICP’’), the Ameriprise Financial 2008 Employment Incentive Equity Award Plan (the ‘‘2008 Plan’’), the Ameriprise Financial Franchise Advisor Deferred Compensation Plan (‘‘Franchise Advisor Deferral Plan’’), the Ameriprise Advisor Group Deferred Compensation Plan (‘‘Advisor Group Deferral Plan’’) and the Threadneedle Equity Incentive Plan (‘‘EIP’’).\nThe components of the Company’s share-based compensation expense, net of forfeitures, were as follows:"}
{"_id": "d8e98cc9e", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements 19.\nINCOME TAXES (continued) Deferred tax assets and liabilities at December 31, resulted from the items listed in the following table:"}
{"_id": "d89b9aaf4", "title": "", "text": "| Company / Index 2010 2011 2012 2013 2014 2015 | Teleflex Incorporated | S&P 500 Index | S&P 500 Healthcare Equipment & Supply Index |"}
{"_id": "d863c233e", "title": "", "text": "| 2013 2012 2011 | Balance January 1 | Additions related to current year positions | Additions related to prior year positions | Reductions for tax positions of prior years-1 | Settlements | Lapse of statute of limitations | Balance December 31 |"}
{"_id": "d896ad1f4", "title": "", "text": "| 2008 $4,935 | 2009 | 2010 | 2011 | 2012 | Thereafter |"}
{"_id": "d813171b4", "title": "", "text": "| Period Total Numberof SharesPurchased AveragePrice Paidper Share Total Number ofShares NotPurchased as Part ofPublicly AnnouncedPlans or Programs (a) Total Number ofShares Purchased asPart of PubliclyAnnounced Plans orPrograms Approximate DollarValue of Shares thatMay Yet Be PurchasedUnder the Plans orPrograms (b) | October 2017 | November 2017 | December 2017 | Total |"}
{"_id": "d89d5ba78", "title": "", "text": "Life insurance products include traditional and interest-sensitive whole life insurance as well as term life insurance.\nHealth products are generally guaranteed-renewable and include Medicare Supplement, Medicare Part D, cancer, accident, long-term care, and limited-benefit hospital and surgical coverages.\nAnnuities include fixed-benefit contracts.\nTorchmark markets its insurance products through a number of distribution channels, each of which sells the products of one or more of Torchmark’s insurance segments.\nThe tables below present segment premium revenue by each of Torchmark’s marketing groups."}
{"_id": "d89bf252e", "title": "", "text": "Results of Operations  RJ Bank The following table presents consolidated financial information for RJ Bank for the years indicated:"}
{"_id": "d88c35992", "title": "", "text": "| Table 19 Long-term Debt by Major Currency December 31 | (Dollars in millions) | U.S. Dollar | Euro | Japanese Yen | British Pound | Australian Dollar | Canadian Dollar | Swiss Franc | Other | Total long-term debt | Table 38 | Outstandings | (Dollars in millions) | U.S. commercial | Commercial real estate-1 | Commercial lease financing | Non-U.S. commercial | 296,951 | U.S. small business commercial-2 | Commercial loans excluding loans accounted for under the fair value option | Loans accounted for under the fair value option-3 | Total commercial loans and leases |"}
{"_id": "d86a21d10", "title": "", "text": "| 2014 2013 | December 31, (in millions) | U.S. GAAP nettable derivative receivables | Interest rate contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total interest rate contracts | Credit contracts: | OTC | OTC–cleared | Total credit contracts | Foreign exchange contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total foreign exchange contracts | Equity contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total equity contracts | Commodity contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total commodity contracts | Derivative receivables with appropriate legal opinion | Derivative receivables where an appropriate legal opinion has not been either sought or obtained | Total derivative receivables recognized on the Consolidated balance sheets |"}
{"_id": "d8711958c", "title": "", "text": "requirements apply both to regulated utilities such as CECONY and O&R for the customers they supply under regulated tariffs and to companies such as Con Edison Solutions that supply customers on market terms.\nTo address the possibility of a disruption due to the unavailability of gas, generating units located in New York City that are capable of using either gas or oil as fuel may be required to use oil as fuel for certain periods and new generating units are required to have dual fuel capability.\nRECO, O&Rs New Jersey subsidiary, provides electric service in an area that has a different independent system operator  PJM Interconnection LLC (PJM).\nSee CECONY  Electric Operations  Electric Supply and O&R  Electric Operations  Electric Supply, below.\nNew York Energy Highway In October 2012, the Energy Highway Task Force appointed by the Governor of New York issued its Blueprint containing recommendations to modernize New Yorks energy systems.\nThe recommended actions included electric transmission construction and upgrades to electric and natural gas infrastructure.\nIn November 2012, the NYSPSC established a proceeding to review specific proposals from utilities and private developers for new electric transmission lines and upgrades to existing facilities that will address transmission congestion between upstate and downstate.\nSee Con Edison Transmission, below.\nCompetition Distributed generation, such as solar energy production facilities, fuel cells and micro-turbines, provide alternative sources of energy for the Utilities electric delivery customers, as does oil for the Utilities gas delivery customers.\nOther distributed energy resources, such as demand reduction and energy efficiency programs, also provide alternatives for the Utilities delivery customers.\nIn its ongoing REV proceeding, the NYSPSC is considering the extent to which New York electric distribution utilities and their affiliates will be permitted to compete with other providers of distributed energy resources.\nSee Reforming the Energy Vision Proceeding above.\nAt December 31, 2014, there were 4,200 and 1,953 distributed generation projects interconnected with CECONY and O&R, respectively, with aggregate capacities as shown on the following table:"}
{"_id": "d8c2c6d58", "title": "", "text": "Transition In connection with the initial adoption of SFAS 157, the Firm recorded the following on January 1, 2007: ?\nA cumulative effect increase to Retained earnings of $287 million, primarily related to the release of profit previously deferred in accordance with EITF 02-3; ?\nAn increase to pretax income of $166 million ($103 million after-tax) related to the incorporation of the Firms creditworthiness in the valuation of liabilities recorded at fair value; and ?\nAn increase to pretax income of $464 million ($288 million after-tax) related to valuations of nonpublic private equity investments.\nPrior to the adoption of SFAS 157, the Firm applied the provisions of EITF 02-3 to its derivative portfolio.\nEITF 02-3 precluded the recognition of initial trading profit in the absence of: (a) quoted market prices, (b) observable prices of other current market transactions or (c) other observable data supporting a valuation technique.\nIn accordance with EITF 02-3, the Firm recognized the deferred profit in Principal transactions revenue on a systematic basis (typically straightline amortization over the life of the instruments) and when observable market data became available.\nPrior to the adoption of SFAS 157 the Firm did not incorporate an adjustment into the valuation of liabilities carried at fair value on the Consolidated balance sheet.\nCommencing January 1, 2007, in accordance with the requirements of SFAS 157, an adjustment was made to the valuation of liabilities measured at fair value to reflect the credit quality of the Firm.\nPrior to the adoption of SFAS 157, privately held investments were initially valued based upon cost.\nThe carrying values of privately held investments were adjusted from cost to reflect both positive and negative changes evidenced by financing events with third-party capital providers.\nThe investments were also subject to ongoing impairment reviews by private equity senior investment professionals.\nThe increase in pretax income related to nonpublic Private equity investments in connection with the adoption of SFAS 157 was due to there being sufficient market evidence to support an increase in fair values using the SFAS 157 methodology, although there had not been an actual third-party market transaction related to such investments."}
{"_id": "d8b0f8d9c", "title": "", "text": "ITEM 8.\nFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.\nReport of Independent Registered Public Accounting Firm To the Board of Directors and Shareholders of Ameren Corporation: In our opinion, the consolidated financial statements listed in the index appearing under Item 15(a)(1) present fairly, in all material respects, the financial position of Ameren Corporation and its subsidiaries at December 31, 2007 and 2006, and the results of their operations and their cash flows for each of the three years in the period ended December 31, 2007 in conformity with accounting principles generally accepted in the United States of America.\nIn addition, in our opinion, the financial statement schedule listed in the index appearing under Item 15(a)(2) presents fairly, in all material respects, the information set forth therein when read in conjunction with the related consolidated financial statements.\nAlso, in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, 2007, based on criteria established in Internal Control  Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).\nThe Companys management is responsible for these financial statements and financial statement schedule, for maintaining effective internal control over financial reporting and for its assessment of the effectiveness of internal control over financial reporting, included in Managements Report on Internal Control over Financial Reporting appearing under Item 9A.\nOur responsibility is to express opinions on these financial statements, on the financial statement schedule, and on the Companys internal control over financial reporting based on our integrated audits.\nWe conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).\nThose standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement and whether effective internal control over financial reporting was maintained in all material respects.\nOur audits of the financial statements included examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation.\nOur audit of internal control over financial reporting included obtaining an understanding of internal control over financial reporting, assessing the risk that a material weakness exists, and testing and evaluating the design and operating effectiveness of internal control based on the assessed risk.\nOur audits also included performing such other procedures as we considered necessary in the circumstances.\nWe believe that our audits provide a reasonable basis for our opinions.\nAs discussed in Note 1 to the consolidated financial statements, the Company changed the manner in which it accounts for uncertain tax positions as of January 1, 2007, and the manner in which it accounts for defined benefit pension and postretirement obligations as of December 31, 2006.\nA companys internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.\nA companys internal control over financial reporting includes those policies and procedures that (i) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (ii) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (iii) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the companys assets that could have a material effect on the financial statements.\n14.\nStock Compensation Plans The following table summarizes stock-based compensation expense recognized in continuing operations in the Consolidated Statements of Income in Compensation and benefits (in millions):"}
{"_id": "d8c170620", "title": "", "text": "FISCAL 2011 COMPARED TO FISCAL 2010  Tax Services revenues decreased $62.9 million, or 2.1%, compared to the prior year.\nTax preparation fees decreased $61.0 million, or 3.1%, due primarily to the sale of companyowned offices to franchisees and the loss of certain clients as a result of not having a RAL offering in our tax offices in fiscal year 2011.\nAlthough we gained clients through the free Federal EZ filing we began offering during fiscal year 2011, that increase did not have a significant impact on our revenues.\nRoyalties increased $28.6 million, or 10.4%, primarily due to the conversion of 280 company-owned offices into franchises.\nFees earned on RACs increased $94.1 million, or 107.5%, primarily due to an increase in the number of RACs issued as a portion of our clients chose to receive their refunds via RAC, as an alternative to a RAL.\nRALs were historically offered to our clients by HSBC Holdings plc (HSBC).\nIn December 2010, HSBC terminated its contract with us based on restrictions placed on HSBC by its regulator and, therefore, RALs were not offered during the 2011 tax season.\nRevenues of $17.2 million include the recognition of net deferred fees from HSBC.\nThis compares with revenues resulting from loans participations and related fees in fiscal year 2010 of $146.2 million.\nInterest income earned on EAs increased $16.4 million, or 21.1%, over fiscal year 2010 primarily due to an increase in loan volume, which resulted from offering the product to a wider client base.\nTotal expenses increased $37.0 million, or 1.8%, compared to fiscal year 2010.\nCompensation and benefits decreased $8.5 million, or 0.8%, primarily due to lower commission-based wages due to conversions to franchise offices, reduced headcount and related payroll taxes.\nThis decline was partially offset by severance costs and related payroll taxes of $27.4 million.\nOccupancy costs declined $25.6 million, or 6.2%, due to office closures and cost-saving initiatives.\nBad debt expense increased $34.3 million, or 32.8%, primarily due to increased volumes on EAs, as well as a decline in tax returns prepared for those clients.\nDuring fiscal year 2011, we recorded a $22.7 million impairment of goodwill in an ancillary reporting unit, as discussed in Item 8, note 7 to the consolidated financial statements.\nOther expenses increased $11.5 million, or 4.9%, primarily due to incremental litigation expenses recorded in fiscal year 2011.\nPretax income for fiscal year 2011 decreased $99.9 million, or 11.5%, from 2010.\nAs a result of the declines in revenues and higher expenses, primarily bad debt expense and goodwill impairment, pretax margin for the segment decreased to 26.4% from 29.2% in fiscal year 2010.\nCORPORATE, ELIMINATIONS AND INCOME TAXES ON CONTINUING OPERATIONS Corporate operating losses include net interest margin and gains or losses relating to mortgage loans held for investment, real estate owned and residual interests in securitizations, along with interest expense on borrowings and other corporate expenses."}
{"_id": "d8c3d34f8", "title": "", "text": "Notes to Consolidated Financial Statements 1.\nBasis of Presentation The accompanying Consolidated Financial Statements and Notes thereto have been prepared in accordance with U. S.  generally accepted accounting principles (\"U. S.  GAAP\").\nThe Consolidated Financial Statements include the accounts of Aon plc and all of its controlled subsidiaries (\"Aon\" or the \"Company\").\nAll intercompany accounts and transactions have been eliminated.\nThe Consolidated Financial Statements include, in the opinion of management, all adjustments necessary to present fairly the Company's consolidated financial position, results of operations and cash flows for all periods presented.\nReclassification Certain amounts in prior years' Consolidated Financial Statements and related notes have been reclassified to conform to the 2015 presentation.\nIn prior periods, long-term investments were included in Investments in the Consolidated Statement of Financial Position.\nThese amounts are now included in Other non-current assets in the Consolidated Statement of Financial Position, as shown in Note 3 to these Consolidated Financial Statements.\nLong-term investments were $135 million at December 31, 2015 and $143 million at December 31, 2014.\nIn prior periods, prepaid pensions were included in Other non-current assets in the Consolidated Statement of Financial Position.\nThese amounts are now separately disclosed in the Consolidated Statement of Financial Position.\nPrepaid pensions were $1,033 million at December 31, 2015 and $933 million at December 31, 2014.\nUpon vesting of certain share-based payment arrangements, employees may elect to use a portion of the shares to satisfy tax withholding requirements, in which case Aon makes a payment to the taxing authority on the employee’s behalf and remits the remaining shares to the employee.\nThe Company has historically presented amounts due to taxing authorities within Cash Flows From Operating Activities in the Consolidated Statements of Cash Flows.\nThe amounts are now included in “Issuance of shares for employee benefit plans” within Cash Flows From Financing Activities.\nThe Company believes this presentation provides greater clarity into the operating and financing activities of the Company as the substance and accounting for these transactions is that of a share repurchase.\nIt also aligns the Company’s presentation to be consistent with industry practice.\nAmounts reported in Issuance of shares for employee benefit plans were $227 million, $170 million, and $120 million, respectively, for the years ended December 31, 2015, 2014 and 2013.\nThese amounts, which were reclassified from Accounts payable and accrued liabilities and Other assets and liabilities, were $85 million and $85 million in 2014, and $62 million and $58 million in 2013, respectively.\nChanges to the presentation in the Consolidated Statements of Cash Flows for 2014 and 2013 were made related to certain line items within financing activities.\nThe following line items and respective amounts have been aggregated in a new line item titled “Noncontrolling interests and other financing activities” within financing activities."}
{"_id": "d8dbcea9e", "title": "", "text": "Net Investment Income Net investment income increased by $1,816 million, or 11%, to $18,063 million for the year ended December 31, 2007 from $16,247 million for the comparable 2006 period.\nManagement attributes $1,078 million of this increase to growth in the average asset base and $738 million to an increase in yields.\nThe increase in net investment income from growth in the average asset base was primarily within fixed maturity securities, mortgage loans, real estate joint ventures and other limited partnership interests.\nThe increase in net investment income attributable to higher yields was primarily due to higher returns on fixed maturity securities, other limited partnership interests excluding hedge funds, equity securities and improved securities lending results, partially offset by lower returns on real estate joint ventures, cash, cash equivalents and short-term investments, hedge funds and mortgage loans.\nInterest Margin Interest margin, which represents the difference between interest earned and interest credited to policyholder account balances increased in the Institutional and Individual segments for the year ended December 31, 2007 as compared to 2006.\nInterest earned approximates net investment income on investable assets attributed to the segment with minor adjustments related to the consolidation of certain separate accounts and other minor non-policyholder elements.\nInterest credited is the amount attributed to insurance products, recorded in policyholder benefits and claims, and the amount credited to policyholder account balances for investment-type products, recorded in interest credited to policyholder account balances.\nInterest credited on insurance products reflects the 2007 impact of the interest rate assumptions established at issuance or acquisition.\nInterest credited to policyholder account balances is subject to contractual terms, including some minimum guarantees.\nThis tends to move gradually over time to reflect market interest rate movements and may reflect actions by management to respond to competitive pressures and, therefore, generally does not introduce volatility in expense.\nNet Investment Gains (Losses) Net investment losses decreased by $804 million to a loss of $578 million for the year ended December 31, 2007 from a loss of $1,382 million for the comparable 2006 period.\nThe decrease in net investment losses was primarily due to a reduction of losses on fixed maturity securities resulting principally from the 2006 portfolio repositioning in a rising interest rate environment, increased gains from asset-based foreign currency transactions due to a decline in the U. S.  dollar year over year against several major currencies and increased gains on equity securities, partially offset by increased losses from the mark-to-market on derivatives and reduced gains on real estate and real estate joint ventures.\nUnderwriting Underwriting results are"}
{"_id": "d8ca743f2", "title": "", "text": "| December 31, 2014 December 31, 2013 | CarryingValue | Mortgages and notes payable | Senior notes and debentures |"}
{"_id": "d8a27a590", "title": "", "text": "| (in millions) MaturityAmount Unamortized Discount and Debt Issuance Costs Carrying Value Fair Value | 6.25% Notes due 2017 | 5.00% Notes due 2019 | 4.25% Notes due 2021 | 3.375% Notes due 2022 | 3.50% Notes due 2024 | 1.25% Notes due 2025 | Total Long-term Borrowings |"}
{"_id": "d8f5d5bb8", "title": "", "text": "| 2010 2009 | December 31, (in millions) | Investment-grade(a) | Noninvestment-grade(a) | Total contractual amount(b) | Allowance for lending-related commitments | Commitments with collateral |"}
{"_id": "d8ea04708", "title": "", "text": "2017 Compared to 2016 In 2017, across our North American Full-Service segment, we added 55 properties (13,056 rooms) and 12 properties (2,912 rooms) left our system.\nNorth American Full-Service segment profits increased by $405 million, primarily due to the following: ?\n$305 million of higher base management and franchise fees, primarily reflecting $297 million of higher Legacy-Starwood fees, $14 million from Legacy-Marriott unit growth, and $8 million of stronger RevPAR at Legacy-Marriott hotels, partially offset by $17 million of lower Legacy-Marriott residential branding fees; ?\n$45 million of higher incentive management fees, primarily driven by $31 million of higher Legacy-Starwood fees and higher net house profits at Legacy-Marriott managed hotels; ?\n$61 million of higher owned, leased, and other revenue, net of direct expenses, primarily reflecting $63 million of higher Legacy-Starwood owned and leased profits; ?\n$44 million of higher depreciation, amortization, and other expenses, primarily reflecting higher-depreciation and amortization on Legacy-Starwood assets; ?\n$22 million of higher gains and other income, net, primarily due to the gain on the sale of a North American Full-Service hotel in the 2017 second quarter; and ?\n$16 million of higher equity in earnings, primarily due to higher earnings by Legacy-Starwood investees.\nCost reimbursements revenue and expenses for our North American Full-Service segment properties totaled $12,391 million in 2017, compared to $9,126 million in 2016."}
{"_id": "d81da98d4", "title": "", "text": "Foreign Currency Exchange Risk Foreign currency exchange risk is the risk of financial loss due to changes in the relative value between currencies.\nSources of currency risk The Company has foreign currency exchange risk in non-U.\nS.  dollar denominated investments, which primarily consist of fixed maturity and equity investments, foreign denominated cash, a yen denominated fixed payout annuity and changes in equity of a P&C run-off entity in the United Kingdom.\nIn addition, the Company’s Talcott Resolution segment formerly issued non-U.\nS.  dollar denominated funding agreement liability contracts.\nImpact Changes in relative values between currencies can create variability in cash flows and realized or unrealized gains and losses on changes in the fair value of assets and liabilities.\nBased on the fair values of the Company’s non-U.\nS.  dollar denominated securities and derivative instruments as of December 31, 2016 and 2015, management estimates that a hypothetical 10% unfavorable change in exchange rates would decrease the fair values by a before-tax total of $11 and $48, respectively, and as of December 31, 2016 excludes the impact of the assets that transferred to held for sale related to the U. K.  property and casualty run-off subsidiaries .\nActual results could differ materially due to the nature of the estimates and assumptions used in the analysis."}
{"_id": "d83c8ad0c", "title": "", "text": "| April 30, 2006 2005 2004 | U.S. OFFICES— | Company-owned offices | Company-owned shared locations-1 | Total company-owned offices | Franchise offices | Franchise shared locations-1 | Total franchise offices | 12,165 | INTERNATIONAL OFFICES— | Canada | Australia | Other | 1,383 |"}
{"_id": "d88bf532e", "title": "", "text": "| December 31, | 2009 | (In millions) | U.S. Business: | Guaranteed minimum accumulation benefit | Guaranteed minimum withdrawal benefit | Guaranteed minimum income benefit | International: | Guaranteed minimum accumulation benefit | Guaranteed minimum withdrawal benefit | Total |"}
{"_id": "d8b57cbe8", "title": "", "text": "Performance Graph The performance graph below shows the five-year cumulative total stockholder return on Applied common stock during the period from October 25, 2009 through October 26, 2014.\nThis is compared with the cumulative total return of the Standard & Poors 500 Stock Index and the RDG Semiconductor Composite Index over the same period.\nThe comparison assumes $100 was invested on October 25, 2009 in Applied common stock and in each of the foregoing indices and assumes reinvestment of dividends, if any.\nDollar amounts in the graph are rounded to the nearest whole dollar.\nThe performance shown in the graph represents past performance and should not be considered an indication of future performance.\nCOMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN* Among Applied Materials, Inc. , the S&P 500 Index and the RDG Semiconductor Composite Index"}
{"_id": "d88e03ea4", "title": "", "text": "However, borrowings are scheduled for repayment four years after the borrowing date to the extent that OWN has excess cash to repay the borrowings then due.\nOWN will distribute its initial excess cash to the Company to repay funding then due.\nFollowing repayment of funding then due, OWN’s subsequent cash distributions will be shared equally between the Company and Harpo Inc.  (“Harpo”).\nBased upon the level of equity investment at risk, OWN is a VIE.\nWhile the investors have an equal share in voting control, power is not shared because certain activities that significantly impact OWN’s economic performance are directed by Harpo (“Harpo”).\nHarpo holds operational rights related to programming and marketing, as well as selection and retention of key management personnel.\nThe Company has determined that it is not the primary beneficiary of OWN, because it does not control these activities that are critical to OWN’s operating performance and success.\nAccordingly, the Company accounts for its investment in OWN using the equity method.\nNet losses generated by OWN are currently allocated to both investors based on their proportionate ownership interests, which are 50-50.\nPrior to the contribution of the Discovery Health network to OWN at its launch, the Company recognized 100% of OWN’s net losses.\nIf future operating losses at OWN exceed the balance of equity contributions recorded by OWN and the equity balance of OWN is depleted, Discovery will record 100% of any future operating losses in loss from equity investees, net as long as Discovery continues to provide all funding to OWN.\nFuture net income generated by OWN will initially be allocated 100% to the Company for at least $104 million, the amount of pre-contribution net losses recognized, plus any additional losses absorbed in excess of Discovery’s equity ownership interest.\nThe carrying value of the Company’s investment in OWN, including its equity method investment and note receivable balance, was $420 million and $52 million as of December 31, 2011 and 2010, respectively.\nPursuant to the venture agreement, Harpo has the right to require the Company to purchase all or part of its interest in OWN at fair market value up to a maximum put amount every two and one half years commencing on January 1, 2016.\nThe maximum put amount is a range from $100 million on the first put exercise date up to $400 million on the fourth put exercise date.\nThe Company has recorded no amounts for the put right.\nOther VIEs Other VIEs principally include various cable and satellite network ventures in which the Company holds ownership interests from 16% to 50%.\nThe carrying value of the Company’s investments in other VIEs accounted for using the equity method was $53 million and $57 million as of December 31, 2011 and 2010, respectively.\nNOTE 5.\nINVESTMENTS The Company’s investments consisted of the following (in millions)."}
{"_id": "d81a102ae", "title": "", "text": "| As of December 31, 2011 | DISH Network Awards | Stock Awards Outstanding | Held by DISH Network employees | Held by EchoStar employees | Total |"}
{"_id": "d8756703a", "title": "", "text": "CF INDUSTRIES HOLDINGS, INC.  related to net operating loss carryforwards (NOLs) generated from business conducted with CF Industries, Inc. ’s pre-IPO owners.\nThese net operating loss carryforwards totaled $250 million, with expirations ranging from 2021 through 2023.\nThe income tax provision for the year ended December 31, 2005 includes a charge of $99.9 million to establish a 100% valuation allowance for the deferred tax asset related to these NOLs.\nThe valuation allowance is required because there is substantial uncertainty under existing tax law whether any tax benefits from this deferred tax asset will be realized since CF Industries, Inc.  is no longer a cooperative for federal income tax purposes.\nIn connection with the IPO, we entered into a net operating loss agreement with CF Industries, Inc. ’s pre-IPO owners (NOL Agreement) relating to the future treatment of the pre-IPO NOLs.\nUnder the NOL Agreement, if it is finally determined that CF Industries, Inc. ’s net operating loss carryforwards can be utilized subsequent to the IPO, we will pay to CF Industries, Inc. ’s pre-IPO owners an amount equal to the resulting federal and state income taxes actually saved.\nCFL operates as a cooperative for Canadian income tax purposes and distributes all of its earnings as patronage dividends to its customers, including CF Industries, Inc.  For Canadian income tax purposes, CFL is permitted to deduct an amount equal to the patronage dividends it distributes to its customers, provided that certain requirements are met.\nAs a result, CFL records no income tax provision.12."}
{"_id": "d88aec8ec", "title": "", "text": "| Target Asset Allocation 2016 Actual Asset Allocation | Asset Category | Equity securities | Debt securities | Other | Total |"}
{"_id": "d812de4cc", "title": "", "text": "consistently reliable result.\nConversely, for the most recent three months of incurred claims, the volume of claims processed historically is not at a level sufficient to produce a reliable result, which therefore requires us to examine historical trend patterns as the primary method of evaluation.\nChanges in claim processes, including receipt cycle times, claim inventory levels, recoveries of overpayments, outsourcing, system conversions, and processing disruptions due to weather or other events affect views regarding the reasonable choice of completion factors.\nThe receipt cycle time measures the average length of time between when a medical claim was initially incurred and when the claim form was received.\nIncreased electronic claim submissions from providers have decreased the receipt cycle time over the last few years.\nFor example, the average receipt cycle time has decreased from 16.5 days in 2005 to 15.6 days in 2007 which represents a 5.5% reduction in cycle time over the three year period.\nMedical cost trends potentially are more volatile than other segments of the economy.\nThe drivers of medical cost trends include increases in the utilization of hospital facilities, physician services, prescription drugs, and new medical technologies, as well as the inflationary effect on the cost per unit of each of these expense components.\nOther external factors such as government-mandated benefits or other regulatory changes, increases in medical services capacity, direct to consumer advertising for prescription drugs and medical services, an aging population, catastrophes, and epidemics also may impact medical cost trends.\nInternal factors such as system conversions, claims processing cycle times, changes in medical management practices and changes in provider contracts also may impact our ability to accurately predict estimates of historical completion factors or medical cost trends.\nAll of these factors are considered in estimating IBNR and in estimating the per member per month claims trend for purposes of determining the reserve for the most recent three months.\nAdditionally, we continually prepare and review follow-up studies to assess the reasonableness of the estimates generated by our process and methods over time.\nThe results of these studies are also considered in determining the reserve for the most recent three months.\nEach of these factors requires significant judgment by management.\nThe completion and claims per member per month trend factors are the most significant factors impacting the IBNR estimate.\nThe portion of IBNR estimated using completion factors for claims incurred prior to the most recent three months is less variable than the portion of IBNR estimated using trend factors.\nThe following table illustrates the sensitivity of these factors assuming moderate adverse experience and the estimated potential impact on our operating results caused by reasonably likely changes in these factors based on December 31, 2007 data:"}
{"_id": "d873b57aa", "title": "", "text": "| 2004 2003 2002 2001 | $23,561 |"}
{"_id": "d815b510a", "title": "", "text": "| Years Ended December 31, (In thousands, except per share data and apartment homes owned) | 2007 | Operating Data(a) | Rental income | Loss before minority interests and discontinued operations | Income from discontinued operations, net of minority interests | Net income | Distributions to preferred stockholders | Net income available to common stockholders | Common distributions declared | Weighted average number of common shares outstanding — basic | Weighted average number of common shares outstanding — diluted | Weighted average number of common shares, OP Units, and common stock equivalents outstanding — diluted | Per share — basic and diluted: | Loss from continuing operations available to common stockholders, net of minority interests | Income from discontinued operations, net of minority interests | Net income available to common stockholders | Common distributions declared | Balance Sheet Data | Real estate owned, at cost | Accumulated depreciation | Total real estate owned, net of accumulated depreciation | Total assets | Secured debt | Unsecured debt | Total debt | Stockholders’ equity | Number of common shares outstanding | Other Data | Cash Flow Data | Cash provided by operating activities | Cash used in investing activities | Cash (used in)/provided by financing activities | Funds from Operations(b) | Funds from operations — basic | Funds from operations — diluted | Apartment Homes Owned | Total apartment homes owned at December 31 | Weighted average number of apartment homes owned during the year |"}
{"_id": "d8f13f4d2", "title": "", "text": "| (in millions, except per share data) 2003 2002 2001 | Basic earnings per share | Net income | Less: Preferred stock dividends | Net income applicable to common stock | Weighted-average basic shares outstanding | Net income per share | Diluted earnings per share | Net income applicable to common stock | Weighted-average basic shares outstanding | Add: Broad-based options | Key employee options | Weighted-average diluted shares outstanding | Net income per share(a) |"}
{"_id": "d8d1fd538", "title": "", "text": "| Year Ended October 31, $ Change % Change $ Change % Change | 2013 | (dollars in millions) | Included in cost of revenue | Included in operating expenses | Total | Percentage of total revenue |"}
{"_id": "d8cf59818", "title": "", "text": "| December 31, 2011 December 31, 2010 | Ratings | (in millions, except percentages) | AAA | AA | A | BBB | Below investment grade | Total fixed maturities |"}
{"_id": "d8889dea6", "title": "", "text": "Commitments and Contingencies We are the subject of, or party to, a number of pending or threatened legal actions, contingencies and commitments involving a variety of matters, including laws and regulations relating to the environment.\nCertain of these matters are discussed below.\nThe ultimate resolution of these contingencies could, individually or in the aggregate, be material to our consolidated financial statements.\nHowever, management believes that we will remain a viable and competitive enterprise even though it is possible that these contingencies could be resolved unfavorably.\nEnvironmental matters  We are subject to federal, state, local and foreign laws and regulations relating to the environment.\nThese laws generally provide for control of pollutants released into the environment and require responsible parties to undertake remediation of hazardous waste disposal sites.\nPenalties may be imposed for noncompliance.\nAt December 31, 2009 and 2008, accrued liabilities for remediation totaled $116 million and $111 million.\nIt is not presently possible to estimate the ultimate amount of all remediation costs that might be incurred or the penalties that may be imposed.\nReceivables for recoverable costs from certain states, under programs to assist companies in clean-up efforts related to underground storage tanks at retail marketing outlets, were $59 and $60 million at December 31, 2009 and 2008.\nLegal cases  We, along with other refining companies, settled a number of lawsuits pertaining to methyl tertiary-butyl ether (MTBE) in 2008.\nPresently, we are a defendant, along with other refining companies, in 27 cases arising in four states alleging damages for MTBE contamination.\nLike the cases that we settled in 2008, 12 of the remaining cases are consolidated in a multi-district litigation (MDL) in the Southern District of New York for pretrial proceedings.\nThe other 15 cases are in New York state courts (Nassau and Suffolk Counties).\nPlaintiffs in 26 of the 27 cases allege damages to water supply wells from contamination of groundwater by MTBE, similar to the damages claimed in the cases settled in 2008.\nIn the remaining case, the New Jersey Department of Environmental Protection is seeking the cost of remediating MTBE contamination and natural resources damages allegedly resulting from contamination of groundwater by MTBE.\nWe are vigorously defending these cases.\nWe have engaged in settlement discussions related to the majority of these cases.\nWe do not expect our share of liability for these cases to significantly impact our consolidated results of operations, financial position or cash flows.\nWe voluntarily discontinued producing MTBE in 2002.\nWe are currently a party to one qui tam case, which alleges that Marathon and other defendants violated the False Claims Act with respect to the reporting and payment of royalties on natural gas and natural gas liquids for federal and Indian leases.\nA qui tam action is an action in which the relator files suit on behalf of himself as well as the federal government.\nThe case currently pending is U. S.  ex rel Harrold E.  Wright v.  Agip Petroleum Co.  et al.\nIt is primarily a gas valuation case.\nMarathon has reached a settlement with the Relator and the DOJ which will be finalized after the Indian Tribes review and approve the settlement terms.\nSuch settlement is not expected to significantly impact our consolidated results of operations, financial position or cash flows.\nGuarantees  We have provided certain guarantees, direct and indirect, of the indebtedness of other companies.\nUnder the terms of most of these guarantee arrangements, we would be required to perform should the guaranteed party fail to fulfill its obligations under the specified arrangements.\nIn addition to these financial guarantees, we also have various performance guarantees related to specific agreements."}
{"_id": "d8e305d26", "title": "", "text": "REPUBLIC SERVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) In December 2008, the board of directors amended and restated the Republic Services, Inc.  2006 Incentive Stock Plan (formerly known as the Allied Waste Industries, Inc.  2006 Incentive Stock Plan (the 2006 Plan)).\nAllied’s stockholders approved the 2006 Plan in May 2006.\nThe 2006 Plan was amended and restated in December 2008 to reflect that Republic Services, Inc.  is the new sponsor of the Plan, that any references to shares of common stock is to shares of common stock of Republic Services, Inc. , and to adjust outstanding awards and the number of shares available under the Plan to reflect the acquisition.\nThe 2006 Plan, as amended and restated, provides for the grant of non-qualified stock options, incentive stock options, shares of restricted stock, shares of phantom stock, stock bonuses, restricted stock units, stock appreciation rights, performance awards, dividend equivalents, cash awards, or other stock-based awards.\nAwards granted under the 2006 Plan prior to December 5, 2008 became fully vested and nonforfeitable upon the closing of the acquisition.\nAwards may be granted under the 2006 Plan, as amended and restated, after December 5, 2008 only to employees and consultants of Allied Waste Industries, Inc.  and its subsidiaries who were not employed by Republic Services, Inc.  prior to such date.\nAt December 31, 2012, there were approximately 15.5 million shares of common stock reserved for future grants under the 2006 Plan.\nStock Options We use a binomial option-pricing model to value our stock option grants.\nWe recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award, or to the employee’s retirement eligible date, if earlier.\nExpected volatility is based on the weighted average of the most recent one year volatility and a historical rolling average volatility of our stock over the expected life of the option.\nThe risk-free interest rate is based on Federal Reserve rates in effect for bonds with maturity dates equal to the expected term of the option.\nWe use historical data to estimate future option exercises, forfeitures (at 3.0% for each of the period presented) and expected life of the options.\nWhen appropriate, separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes.\nThe weighted-average estimated fair values of stock options granted during the years ended December 31, 2012, 2011 and 2010 were $4.77, $5.35 and $5.28 per option, respectively, which were calculated using the following weighted-average assumptions:"}
{"_id": "d88ffb75c", "title": "", "text": "Table 5\nPreferred Stock We have 20 million shares of preferred stock authorized with a par value of $0.01 per share.\nNo shares of preferred stock were outstanding as of December 31, 2018 or 2017.\nTreasury Stock We purchase shares of our common stock as authorized under our common stock purchase program (described below) and to meet our obligations under employee stock-based compensation plans.\nOn July 13, 2015, our board of directors authorized us to purchase $2.5 billion of our outstanding common stock with no expiration date, and we completed that program during 2017.\nOn September 21, 2016, our board of directors authorized our purchase of up to an additional $2.5 billion with no expiration date, and we completed that program during 2018.\nOn January 23, 2018, our board of directors authorized our purchase of up to an additional $2.5 billion (the 2018 Program) with no expiration date.\nDuring the years ended December 31, 2018, 2017, and 2016, we purchased $1.5 billion, $1.3 billion, and $1.3 billion, respectively, of our common stock under our programs.\nAs of December 31, 2018, we have approval under the 2018 Program to purchase approximately $2.2 billion of our common stock.\nCommon Stock Dividends On January 24, 2019, our board of directors declared a quarterly cash dividend of $0.90 per common share payable on March 5, 2019 to holders of record at the close of business on February 13, 2019.\nValero Energy Partners LP Units On September 16, 2016, VLP entered into an equity distribution agreement pursuant to which VLP offered and sold from time to time their common units having an aggregate offering price of up to $350 million based on amounts, at prices, and on terms determined by market conditions and other factors at the time of"}
{"_id": "d8b4da884", "title": "", "text": "| Project Location Fuel Gross MW AES Equity Interest (Percent, Rounded) | Ballylumford | JHRH-1 | Nueva Ventanas | St. Nikola | Guacolda 4-2 | Dong Qi-3 | Huanghua II-3 | St. Patrick | North Rhins | Kepezkaya | Damlapinar-4 | Years Ended December 31, | 2008 | (In millions) | Investment return | Separate account balances | Net investment gain (loss) related | Expense | In-force/Persistency | Policyholder dividends and other | Total |"}
{"_id": "d8a6beb74", "title": "", "text": "| 2009 Fair values Payable Notionals Guarantor | In millions of dollars | By industry/counterparty | Bank | Broker-dealer | Monoline | Non-financial | Insurance and other financial institutions | Total by industry/counterparty | By instrument | Credit default swaps and options | Total return swaps and other | Total byinstrument | 2008 | In millions of dollars | By industry/counterparty | Bank | Broker-dealer | Monoline | Non-financial | Insurance and other financial institutions | Total by industry/counterparty | By instrument | Credit default swaps and options | Total return swaps and other | Total byinstrument |"}
{"_id": "d885d2ec4", "title": "", "text": "| 2010 $18,181 | 2011 | 2012 | 2013 | 2014 | 2015-2019 | Benefit Payments | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 – 2019 |"}
{"_id": "d8f8f8336", "title": "", "text": "| (In millions) 2008 2007 | E&P | United States | International | E&P segment income | OSM | RM&T | IG | Segment income | Items not allocated to segments, net of income taxes: | Corporate and other unallocated items | Gain (loss) on U.K. natural gas contracts(a) | Foreign currency gain on income taxes | Impairments(b) | Gain on dispositions | Gain on foreign currency derivative instruments | Deferred income taxes – tax legislation changes | Loss on early extinguishment of debt | Net income |"}
{"_id": "d8ad9781a", "title": "", "text": "| In millions of dollars, except as otherwise noted 2015 2014 2013 Change2015 vs. 2014 Change2014 vs. 2013 | Interest revenue-1 | Interest expense | Net interest revenue-1(2) | Interest revenue—average rate | Interest expense—average rate | Net interest margin | Interest-rate benchmarks | Two-year U.S. Treasury note—average rate | 10-year U.S. Treasury note—average rate | 10-year vs. two-year spread |"}
{"_id": "d8809f9c0", "title": "", "text": "| As of December | $ in millions | Tier 1 capital | Tier 2 capital | Total capital | Risk-weighted assets | Tier 1 capital ratio | Total capital ratio | Tier 1 leverage ratio |"}
{"_id": "d8ac40fd4", "title": "", "text": "| 2009 2008 2007 | Risk-free rate of return | Expected term (in years) | Expected volatility | Expected dividend yield | Weighted-average fair value per option granted |"}
{"_id": "d8f548a56", "title": "", "text": "WASTE MANAGEMENT, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) multiemployer defined benefit pension plans for the covered employees.\nRefer to Note 10 for additional information about our participation in multiemployer defined benefit pension plans considered individually significant.\nIn connection with our ongoing renegotiation of various collective bargaining agreements, we may discuss and negotiate for the complete or partial withdrawal from one or more of these pension plans.\nA complete or partial withdrawal from a multiemployer pension plan may also occur if employees covered by a collective bargaining agreement vote to decertify a union from continuing to represent them.\nAny other circumstance resulting in a decline in Company contributions to a multiemployer defined benefit pension plan through a reduction in the labor force, whether through attrition over time or through a business event (such as the discontinuation or nonrenewal of a customer contract, the decertification of a union, or relocation, reduction or discontinuance of certain operations) may also trigger a complete or partial withdrawal from one or more of these pension plans.\nOne of the most significant multiemployer pension plans in which we have participated is the Central States, Southeast and Southwest Areas Pension Plan (Central States Pension Plan).\nIn 2008, we reached agreement with all of the unions involved to cease participation in the Central States Pension Plan.\nSince that time, litigation with the Central States Pension Plan had been pending over several matters, including the effective date that our contribution obligations ceased.\nIn the third quarter of 2015, we settled and paid all amounts due for all pending litigation with the trustees for the Central States Pension Plan regarding liability for contributions to the plan and withdrawal liability resulting from the cessation of contributions.\nSimilarly, in the fourth quarter of 2015, we settled and paid all amounts due for outstanding issues regarding plan contributions and withdrawal liability with the Teamsters Employers Local 945 Pension Fund.\nIn 2015, we recognized a $51 million charge to Operating expenses associated with withdrawal from certain underfunded multiemployer pension plans, nearly all of which was associated with the Central States Pension Plan and the Teamsters Employers Local 945 Pension Fund withdrawals discussed above.\nWe do not believe any additional liability above the charges we have already recognized for previous withdrawals could be material to the Companys business, financial condition, liquidity, results of operations or cash flows.\nSimilarly, we also do not believe that any future withdrawals, individually or in the aggregate, from the multiemployer pension plans to which we contribute, could have a material adverse effect on our business, financial condition or liquidity.\nHowever, such withdrawals could have a material adverse effect on our results of operations or cash flows for a particular reporting period, depending on the number of employees withdrawn in any future period and the financial condition of the multiemployer pension plan(s) at the time of such withdrawal(s).\nTax Matters  We maintain a liability for uncertain tax positions, the balance of which management believes is adequate.\nResults of audit assessments by taxing authorities are not currently expected to have a material adverse impact on our results of operations or cash flows.\nSee Note 9 for additional discussion regarding tax matters.12.\nRestructuring The following table summarizes pre-tax restructuring charges, including employee severance and benefit costs and other charges, for the years ended December 31 for the respective periods (in millions):"}
{"_id": "d8876a0d4", "title": "", "text": "| 2012 2011 2010 | Cost of sales | Royalties | Product development | Advertising | Amortization of intangibles | Program production cost amortization | Selling, distribution and administration |"}
{"_id": "d819d25ee", "title": "", "text": "NOTE 4 RECENT ACCOUNTING DEVELOPMENTS EMPLOYERS ACCOUNTING FOR DEFINED BENEFIT PENSION AND OTHER POSTRETIREMENT PLANS In September 2006, the Financial Accounting Standards Board (FASB) issued SFAS No.158, Employers Accounting for Defined Benefit Pension and Other Postretirement Plans  an Amendment of FASB Statements No.87, 88, 106, and 132(R).\n This statement requires a calendar year-end company with publicly traded equity securities that sponsors a postretirement benefit plan to fully recognize, as an asset or liability, the overfunded or underfunded status of its benefit plan(s) in its 2006 year-end balance sheet.\nIt also requires a company to measure its plan assets and benefit obligations as of its year-end balance sheet date beginning with fiscal years ending after December 15, 2008.\nThe Company adopted the provisions of this standard as of December 31, 2006, recording an additional liability of $492 million and an after-tax charge to Other comprehensive income of $350 million for its defined benefit and postretirement benefit plans.\nFAIR VALUE MEASUREMENTS In September 2006, the FASB also issued SFAS No.157, Fair Value Measurements, which provides a single definition of fair value, together with a framework for measuring it, and requires additional disclosure about the use of fair value to measure assets and liabilities.\nIt also emphasizes that fair value is a market-based measurement, not an entityspecific measurement, and sets out a fair value hierarchy with the highest priority being quoted prices in active markets.\nThis statement is effective for financial statements issued for fiscal years beginning after November 15, 2007, and interim periods within those fiscal years, and is to be applied prospectively as of the beginning of the year in which it is initially applied.\nThe Company is currently evaluating the provisions of this statement."}
{"_id": "d8f0947da", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | 2012 | Attritional | Catastrophes | Total segment | 2011 | Attritional | Catastrophes | Total segment | 2010 | Attritional | Catastrophes | Total segment | Variance 2012/2011 | Attritional | Catastrophes | Total segment | Variance 2011/2010 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d85fb44fe", "title": "", "text": "| Insurance Financial Strength Ratings Debt Ratings | Property & Casualty | CCC | Group | A.M. Best | Fitch | Moody’s | S&P |"}
{"_id": "d8afd3b1a", "title": "", "text": "| Asset Category Level 1 Level 2 Level 3 Total | Short-term investments: | Fixed Income Securities: | Corporate | RMBS | U.S. Treasuries | Foreign government | CMBS | Other fixed income [1] | Mortgage Loans | Equity Securities: | Domestic | International | Total pension plan assets at fair value, in the fair value hierarchy [2] | Other Investments, at net asset value [3]: | Private Market Alternatives | Hedge funds | Total pension plan assets at fair value. |"}
{"_id": "d81128272", "title": "", "text": "Table of Contents ITEM 2.\nPROPERTIES Flight Equipment and Fleet Renewal As of December 31, 2016, American operated a mainline fleet of 930 aircraft.\nIn 2016, we continued our extensive fleet renewal program, which has provided us with the youngest fleet of the major U. S.  network carriers.\nDuring 2016, American took delivery of 55 new mainline aircraft and retired 71 aircraft.\nWe are supported by our wholly-owned and third-party regional carriers that fly under capacity purchase agreements operating as American Eagle.\nAs of December 31, 2016, American Eagle operated 606 regional aircraft.\nDuring 2016, we increased our regional fleet by 61 regional aircraft, we removed and placed in temporary storage one Embraer ERJ 140 aircraft and retired 41 other regional aircraft.\nMainline As of December 31, 2016, American’s mainline fleet consisted of the following aircraft:"}
{"_id": "d88a71174", "title": "", "text": "| 2002 2003 2004 | Net loss, as reported | Add: Stock based employee compensation included in reported net loss | Deduct: Total stock-based employee compensation expense determined under fair value based method for all awards | Pro forma net loss | Basic and diluted loss per share | As reported | Pro forma |"}
{"_id": "d887d2d8c", "title": "", "text": "PART I Pullmantur During 2013, we operated four ships with an aggregate capacity of approximately 7,650 berths under our Pullmantur brand, offering cruise itineraries that ranged from four to 12 nights throughout South America, the Caribbean and Europe.\nOne of these ships, Zenith, was redeployed from Pullmantur to CDF Croisières de France in January 2014.\nPullmantur serves the contemporary segment of the Spanish, Portuguese and Latin American cruise markets.\nPullmanturs strategy is to attract cruise guests from these target markets by providing a variety of cruising options and onboard activities directed at couples and families traveling with children.\nOver the last few years, Pullmantur has systematically increased its focus on Latin America.\nIn recognition of this, Pullmantur recently opened a regional head office in Panama to place the operating management closer to its largest and fastest growing market.\nIn order to facilitate Pullmanturs ability to focus on its core cruise business, in December 2013, Pullmantur reached an agreement to sell the majority of its interest in its land-based tour operations, travel agency and Pullmantur Air, the closing of which is subject to customary closing conditions.\nIn connection with the agreement, we will retain a 19% interest in the non-core businesses.\nWe will retain ownership of the Pullmantur aircraft which will be dry leased to Pullmantur Air."}
{"_id": "d8c692b08", "title": "", "text": "| Amounts in millions, except per share amounts 2012 Change vs. Prior Year 2011 Change vs. Prior Year 2010 | Net Sales | Operating Income | Net Earnings from Continuing Operations | Net Earnings from Discontinued Operations | Net Earnings attributable to Procter & Gamble | Diluted Net Earnings per Common Share | Diluted Net Earnings per Share from Continuing Operations | Core Earnings per Common Share |"}
{"_id": "d89028824", "title": "", "text": "| In millions December 312013 December 312012 | BlackRock | Tax credit investments | Private equity | Visa | Other | Total |"}
{"_id": "d8d783728", "title": "", "text": "| As of and for the Year Ended December 31, 2012 | (in millions) | Net interest income (expense) | Noninterest income | Total revenue | Noninterest expense | Profit (loss) before provision for credit losses | Provision for credit losses | Income before income tax expense | Income tax expense | Net income | Total Average Assets |"}
{"_id": "d81cd67f4", "title": "", "text": "Failure to comply with the financial and other covenants under our Credit Facilities, as well as the occurrence of certain material adverse events, would constitute defaults and would allow the lenders under our Credit Facilities to accelerate the maturity of all indebtedness under the related agreements.\nThis could also have an adverse impact on the availability of financial assurances.\nIn addition, maturity acceleration on our Credit Facilities constitutes an event of default under our other debt instruments, including our senior notes, and, therefore, our senior notes would also be subject to acceleration of maturity.\nIf such acceleration were to occur, we would not have sufficient liquidity available to repay the indebtedness.\nWe would likely have to seek an amendment under our Credit Facilities for relief from the financial covenants or repay the debt with proceeds from the issuance of new debt or equity, or asset sales, if necessary.\nWe may be unable to amend our Credit Facilities or raise sufficient capital to repay such obligations in the event the maturities are accelerated.\nFinancial assurance We are required to provide financial assurance to governmental agencies and a variety of other entities under applicable environmental regulations relating to our landfill operations for capping, closure and post-closure costs, and related to our performance under certain collection, landfill and transfer station contracts.\nWe satisfy these financial assurance requirements by providing surety bonds, letters of credit, insurance policies or trust deposits.\nThe amount of the financial assurance requirements for capping, closure and post-closure costs is determined by applicable state environmental regulations.\nThe financial assurance requirements for capping, closure and post-closure costs may be associated with a portion of the landfill or the entire landfill.\nGenerally, states will require a third-party engineering specialist to determine the estimated capping, closure and postclosure costs that are used to determine the required amount of financial assurance for a landfill.\nThe amount of financial assurance required can, and generally will, differ from the obligation determined and recorded under U. S.  GAAP.\nThe amount of the financial assurance requirements related to contract performance varies by contract.\nAdditionally, we are required to provide financial assurance for our insurance program and collateral for certain performance obligations.\nWe do not expect a material increase in financial assurance requirements during 2010, although the mix of financial assurance instruments may change.\nThese financial instruments are issued in the normal course of business and are not debt of our company.\nSince we currently have no liability for these financial assurance instruments, they are not reflected in our consolidated balance sheets.\nHowever, we record capping, closure and post-closure liabilities and self-insurance liabilities as they are incurred.\nThe underlying obligations of the financial assurance instruments, in excess of those already reflected in our consolidated balance sheets, would be recorded if it is probable that we would be unable to fulfill our related obligations.\nWe do not expect this to occur.\nOff-Balance Sheet Arrangements We have no off-balance sheet debt or similar obligations, other than financial assurance instruments and operating leases that are not classified as debt.\nWe do not guarantee any third-party debt.\nFree Cash Flow We define free cash flow, which is not a measure determined in accordance with U. S.  GAAP, as cash provided by operating activities less purchases of property and equipment, plus proceeds from sales of property and equipment as presented in our consolidated statements of cash flows.\nOur free cash flow for the years ended December 31, 2009, 2008 and 2007 is calculated as follows (in millions):"}
{"_id": "d88d78cc8", "title": "", "text": "| Other PostretirementBenefits (in millions) | One percentage point increase | Increase in total service and interest costs | Increase in postretirement benefit obligation | One percentage point decrease | Decrease in total service and interest costs | Decrease in postretirement benefit obligation | Pension | Minimum | Asset Category | U.S. Equities | International Equities | Fixed Maturities | Short-term Investments | Real Estate | Other |"}
{"_id": "d873b58cc", "title": "", "text": "| (In Thousands) | 2005 | 2006 | 2007 | 2008 | 2009 |"}
{"_id": "d8ced76c4", "title": "", "text": "| December 31, 2009 December 31, 2008 December 31, 2007 | Account Value | (in millions) | Automatic rebalancing element-1 | No automatic rebalancing element | Total variable annuity account values with living benefit features | December 31, 2009 | Account Value | (in millions) | Automatic rebalancing element | No automatic rebalancing element | Total variable annuity account values with death benefit features |"}
{"_id": "d8cc34020", "title": "", "text": "expense is equal to the contribution called for by the plan formula and is composed of the cash contributed for the purchase of common stock on the open market or the fair value of the shares contributed from treasury stock.\nDividends on shares held by the ESOP are charged to retained earnings, and shares are treated as outstanding for the calculation of earnings per common share.\nNote 19.\nOccupancy Expense and Information Systems and Communications Expense Occupancy expense and information systems and communications expense include expense for depreciation of buildings, leasehold improvements, computers, equipment and furniture and fixtures.\nTotal depreciation expense for the years ended December 31, 2011, 2010 and 2009 was $368 million, $373 million and $380 million, respectively.\nWe lease 1,025,000 square feet at One Lincoln Street, our headquarters building located in Boston, Massachusetts, and a related 366,000-square-foot underground parking garage, under 20-year, non-cancelable capital leases expiring in September 2023.\nA portion of the lease payments is offset by subleases for 153,390 square feet of the building.\nIn addition, we lease approximately 362,000 square feet at 20 Churchill Place, an office building located in the U. K. , under a 20-year capital lease expiring in December 2028, with the option to cancel the lease after the first 15 years.\nAs of December 31, 2011 and 2010, an aggregate net book value of $565 million and $606 million, respectively, related to the above-described capital leases was recorded in premises and equipment, with the related liability recorded in long-term debt in our consolidated statement of condition.\nCapital lease asset amortization is recorded in occupancy expense in our consolidated statement of income over the respective lease term.\nLease payments are recorded as a reduction of the liability, with a portion recorded as imputed interest expense.\nFor the years ended December 31, 2011, 2010 and 2009, interest expense related to these capital lease obligations, reflected in net interest revenue, was $43 million, $44 million and $47 million, respectively.\nAs of December 31, 2011 and 2010, accumulated amortization of capital lease assets was $273 million and $230 million, respectively.\nWe have entered into non-cancelable operating leases for premises and equipment.\nNearly all of these leases include renewal options.\nCosts related to operating leases for office space are recorded in occupancy expense.\nCosts related to operating leases for computers and equipment are recorded in information systems and communications expense.\nTotal rental expense, net of sublease revenue, amounted to $232 million, $241 million and $230 million for the years ended December 31, 2011, 2010 and 2009, respectively.\nTotal rental expense was reduced by sublease revenue of $12 million for the years ended December 31, 2011 and 2010 and $17 million for the year ended December 31, 2009.\nThe following table presents a summary of future minimum lease payments under non-cancelable capital and operating leases as of December 31, 2011."}
{"_id": "d8cd809c4", "title": "", "text": "| Year Ended December 31, | 2016 | Basic weighted average shares outstanding | Weighted average dilutive options outstanding | Diluted weighted average shares outstanding |"}
{"_id": "d85efc9bc", "title": "", "text": "| Year Ended December 31, 2015 | PFI ExcludingClosed Block Division | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial mortgage and other loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Investment income after investment expenses | Investment results of other entities and operations-2 | Total investment income |"}
{"_id": "d8a840ea2", "title": "", "text": "Interest Rate Derivatives.\nIn connection with the issuance of floating rate debt in August and October 2008, the company entered into three interest rate swap contracts, designated as cash flow hedges, for purposes of hedging against a change in interest payments due to fluctuations in the underlying benchmark rate.\nIn December 2010, the company approved a plan to refinance the term loan in January 2011 resulting in an $8.6 million loss on derivative instruments as a result of ineffectiveness on the associated interest rate swap contract.\nTo mitigate counterparty credit risk, the interest rate swap contracts required collateralization by both counterparties for the swaps’ aggregate net fair value during their respective terms.\nCollateral was maintained in the form of cash and adjusted on a daily basis.\nIn February 2010, the company entered into a forward starting interest rate swap contract, designated as a cash flow hedge, for purposes of hedging against a change in interest payments due to fluctuations in the underlying benchmark rate between the date of the swap and the forecasted issuance of fixed rate debt in March 2010.\nThe swap was highly effective."}
{"_id": "d8a44de76", "title": "", "text": "The tax benefit recognized in our consolidated financial statements is based on the amount of compensation expense recorded for book purposes.\nThe actual tax benefit realized in our tax return is based on the intrinsic value, or the excess of the market value over the exercise or purchase price, of stock options exercised and restricted stock awards vested during the period.\nThe actual tax benefit realized for the deductions taken on our tax returns from option exercises and restricted stock vesting totaled $16.9 million in 2008, $48.0 million in 2007, and $47.8 million in 2006.\nThere was no capitalized stock-based compensation expense.\nThe stock plans provide that one restricted share is equivalent to 1.7 stock options.\nAt December 31, 2008, there were 14,708,198 shares reserved for stock award plans, including 7,714,499 shares of common stock available for future grants assuming all stock options or 4,537,941 shares available for future grants assuming all restricted shares.\nacquired in connection with the Arcadian acquisition effective March 31, 2012.\nIndividual Medicare stand-alone PDP premiums revenue increased $270 million, or 11.7%, in 2012 compared to 2011 primarily due to a 20.0% increase in average individual PDP membership, partially offset by a decrease in individual Medicare stand-alone PDP per member premiums.\nThis was primarily a result of sales of our Humana-Walmart plan that we began offering for the 2011 plan year.\nBenefits expense ?\nThe Retail segment benefit ratio increased 290 basis points from 81.2% in 2011 to 84.1% in 2012.\nDuring 2012, we experienced a significant increase in the benefit ratio for our individual Medicare Advantage products primarily due to a planned increase in the target benefit ratio associated with positioning for Health Insurance Reform Legislation funding changes and minimum benefit ratio requirements, a higher benefit ratio experienced on new membership than the assumptions used in our 2012 Medicare bids, and increased outpatient utilization for both new and existing members.\nIn addition, year-over-year comparisons of the benefit ratio were negatively impacted by lower favorable prior-period medical claims reserve development in 2012 than in 2011 and a year-over-year increase in clinicians and other health care quality expenditures given our continuing growth in membership.\nThe Retail segments pretax income for 2012 included the beneficial effect of $192 million in favorable prior-period medical claims reserve development versus $245 million in 2011.\nThis favorable priorperiod medical claims reserve development decreased the Retail segment benefit ratio by approximately 80 basis points in 2012 versus approximately 110 basis points in 2011.\nOperating costs ?\nThe Retail segment operating cost ratio of 11.0% for 2012 decreased 20 basis points from 11.2% for 2011 primarily due to scale efficiencies associated with servicing higher year-over-year membership together with our continued focus on operating cost efficiencies, partially offset by higher year-overyear clinical, provider, and technological infrastructure spending.\nEmployer Group Segment"}
{"_id": "d8c9cf672", "title": "", "text": "Segment Results Snap-on’s business segments are based on the organization structure used by management for making operating and investment decisions and for assessing performance.\nSnap-on’s reportable business segments are: (i) the Commercial & Industrial Group; (ii) the Snap-on Tools Group; (iii) the Repair Systems & Information Group; and (iv) Financial Services.\nThe Commercial & Industrial Group consists of business operations serving a broad range of industrial and commercial customers worldwide, primarily through direct and distributor channels.\nThe Snap-on Tools Group consists of business operations primarily serving vehicle service and repair technicians through the company’s worldwide mobile tool distribution channel.\nThe Repair Systems & Information Group consists of business operations serving other professional vehicle repair customers worldwide, primarily owners and managers of independent repair shops and OEM dealership service and repair shops, through direct and distributor channels.\nFinancial Services consists of the business operations of Snap-on’s finance subsidiaries.\nSnap-on evaluates the performance of its operating segments based on segment revenues, including both external and intersegment net sales, and segment operating earnings.\nSnap-on accounts for intersegment sales and transfers based primarily on standard costs with reasonable mark-ups established between the segments.\nIdentifiable assets by segment are those assets used in the respective reportable segment’s operations.\nCorporate assets consist of cash and cash equivalents (excluding cash held at Financial Services), deferred income taxes and certain other assets.\nAll significant intersegment amounts are eliminated to arrive at Snap-on’s consolidated financial results."}
{"_id": "d89854f20", "title": "", "text": "| Pension Benefits Post- Retirement Benefits | (dollar amounts in thousands) | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 through 2021 |"}
{"_id": "d86afc2d0", "title": "", "text": "| Year Ended December 31, | 2015 | (in millions) | Public fixed maturity securities | Private fixed maturity securities | Total fixed maturity securities | Equity securities | Other invested assets-1 | Total-2 |"}
{"_id": "d8dc9ccf0", "title": "", "text": "NOTE 17: SIGNIFICANT OPERATING AND NONOPERATING ITEMS Other Operating Charges In 2015, the Company incurred other operating charges of $1,657 million.\nThese charges primarily consisted of $691 million due to the Companys productivity and reinvestment program and $292 million due to the integration of our German bottling operations.\nIn addition, the Company recorded impairment charges of $418 million primarily due to the discontinuation of the energy products in the glacéau portfolio as a result of the Monster Transaction and incurred a charge of $100 million due to a cash contribution we made to The Coca-Cola Foundation.\nThe Company also incurred a charge of $111 million due to the write-down of receivables from our bottling partner in Venezuela and an impairment of a Venezuelan trademark primarily due to changes in exchange rates as a result of the establishment of the new open market exchange system.\nRefer to Note 18 for additional information on the Companys productivity, integration and restructuring initiatives.\nRefer to Note 2 for additional information on the Monster Transaction.\nRefer to Note 1 for additional information on the Venezuelan currency change.\nRefer to Note 19 for the impact these charges had on our operating segments."}
{"_id": "d8eeb9c30", "title": "", "text": "| 2004 2005 2006 | Domestic Company-owned stores | Domestic franchise stores | Domestic stores | International stores |"}
{"_id": "d86444744", "title": "", "text": "| (in millions) 2016 2015 2014 | Accrued liability for tobacco and health litigation items at beginning of year | Pre-tax charges for: | Tobacco and health judgments | Related interest costs | Agreement to resolve federalEngleprogeny cases | Agreement to resolveAspinallincluding related interest costs | Agreement to resolveMiner | Implementation of corrective communications remedy pursuant to the federal government’s lawsuit | Payments | Accrued liability for tobacco and health litigation items at end of year |"}
{"_id": "d8f12569a", "title": "", "text": "Performance Units, or PUs PUs granted under the Company’s LTIP fully vest three years from the date of issuance.\nPUs granted prior to January 1, 2009, are paid out upon vesting if the closing price of NRG’s common stock on the vesting date, or the Measurement Price, is equal to or greater than the Target Price.\nPUs granted after January 1, 2009, are paid out upon vesting if the Measurement Price is equal to or greater than Threshold Price.\nThe Threshold Price, Target Price and Maximum Price are determined on the date of issuance.\nThe payout for each PU will be equal to: (i) a pro-rata amount between 0.5 and 1 share of common stock, if the Measurement Price is equal to or greater than the target Threshold Price but less than the Target Price, for grants made after January 1, 2009; (ii) one share of common stock, if the Measurement Price equals the Target Price; (iii) a pro-rata amount between one and two shares of common stock, if the Measurement Price is greater than the Target Price but less than the Maximum Price; and (iv) two shares of common stock, if the Measurement Price is equal to, or greater than, the Maximum Price."}
{"_id": "d8b044586", "title": "", "text": "| Con Edison Con Edison of New York | (Millions of Dollars) | Prepaid pension cost | Accrued benefit cost | Additional minimum pension liability | Intangible asset | Accumulated other comprehensive income | 1993 special retirement program | Net prepaid benefit cost |"}
{"_id": "d8d7680ea", "title": "", "text": "| 2006 2005  As Restated -1 2004  As Restated -1 | Computed expected tax | State taxes, net of federal effect | Indefinitely invested earnings of foreign subsidiaries | Nondeductible executive compensation | Research and development credit, net | Other items | Provision for income taxes | Effective tax rate |"}
{"_id": "d87e0e6f2", "title": "", "text": "| Less than 12 Months 12 Months or Greater Total | At December 31, 2010 | Unrestricted | U.S. government obligations | U.S. government guaranteed | corporate bonds | Equity security | Mortgage-backed securities | 363,061 | Restricted | U.S. government obligations | 6,154 | $369,215 | At December 31, 2009 | U.S. government obligations | Mortgage-backed securities | $9,367 |"}
{"_id": "d8afb07e6", "title": "", "text": "Our consolidated net adjustments not related to volume, including net profit booking rate adjustments and other matters, net of state income taxes, increased segment operating profit by approximately $1.5 billion, $1.7 billion and $1.6 billion for 2016, 2015 and 2014.\nThe decrease in our consolidated net adjustments in 2016 compared to 2015 was primarily due to a decrease in profit booking rate adjustments at our MFC and Space Systems business segments, partially offset by an increase at our RMS business segment.\nThe increase in our consolidated net adjustments in 2015 compared to 2014 was primarily due to an increase in profit booking rate adjustments at our Space Systems and Aeronautics business segments, offset by a decrease in profit booking rate adjustments at our RMS and MFC business segments.\nThe consolidated net adjustments for 2016 are inclusive of approximately $530 million in unfavorable items, which include reserves for performance matters on an international program at RMS.\nThe consolidated net adjustments for 2015 are inclusive of approximately $550 million in unfavorable items, which include reserves for performance matters on an international program at RMS and on commercial satellite programs at Space Systems.\nThe consolidated net adjustments for 2014 are inclusive of approximately $535 million in unfavorable items, which include reserves recorded on certain training and logistics solutions programs at RMS and net warranty reserve adjustments for various programs (including JASSM and GMLRS) at MFC as described in the respective business segment’s results of operations below.\nAeronautics Our Aeronautics business segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles and related technologies.\nAeronautics’ major programs include the F-35 Lightning II Joint Strike Fighter, C-130 Hercules, F-16 Fighting Falcon, C-5M Super Galaxy and F-22 Raptor.\nAeronautics’ operating results included the following (in millions):"}
{"_id": "d8b611734", "title": "", "text": "NOTE 3—SETTLEMENT PROCESSING ASSETS AND OBLIGATIONS We are designated as a Merchant Service Provider by MasterCard and an Independent Sales Organization by Visa.\nThese designations are dependent upon member clearing banks (“Member”) sponsoring us and our adherence to the standards of the networks.\nWe have primary financial institution sponsors in the various markets where we facilitate payment transactions with whom we have sponsorship or depository and clearing agreements.\nThese agreements allow us to route transactions under the member banks’ control and identification numbers to clear credit card transactions through MasterCard and Visa.\nIn certain markets, we are members in various payment networks, allowing us to process and fund transactions without third-party sponsorship."}
{"_id": "d8199c930", "title": "", "text": "Information Systems & Global Solutions Our IS&GS business segment provides advanced technology systems and expertise, integrated information technology solutions, and management services across a broad spectrum of applications for civil, defense, intelligence, and other government customers.\nIS&GS has a portfolio of many smaller contracts as compared to our other business segments.\nIS&GS has been impacted by the continued downturn in federal information technology budgets.\nIS&GS’ operating results included the following (in millions):\n2013 compared to 2012 IS&GS’ net sales decreased $479 million, or 5%, for 2013 compared to 2012.\nThe decrease was attributable to lower net sales of about $495 million due to decreased volume on various programs (command and control programs for classified customers, NGI, and ERAM programs); and approximately $320 million due to the completion of certain programs (such as Total Information Processing Support Services, the Transportation Worker Identification Credential (TWIC), and ODIN).\nThe decrease was partially offset by higher net sales of about $340 million due to the start-up of certain programs (such as the DISA GSM-O and the National Science Foundation Antarctic Support).\nIS&GS’ operating profit decreased $49 million, or 6%, for 2013 compared to 2012.\nThe decrease was primarily attributable to lower operating profit of about $55 million due to certain programs nearing the end of their lifecycles, partially offset by higher operating profit of approximately $15 million due to the start-up of certain programs.\nAdjustments not related to volume, including net profit booking rate adjustments and other matters, were comparable for 2013 compared to 2012.2012 compared to 2011 IS&GS’ net sales for 2012 decreased $535 million, or 6%, compared to 2011.\nThe decrease was attributable to lower net sales of approximately $485 million due to the substantial completion of various programs during 2011 (primarily JTRS; ODIN; and U. K.  Census); and about $255 million due to lower volume on numerous other programs (primarily Hanford;"}
{"_id": "d85efc87c", "title": "", "text": "| Minimum Target Maximum | Earnings Per Share ($) | Operating Cash Flow($ in Billions) |"}
{"_id": "d80ee27b0", "title": "", "text": "| Years Ended December 31, | 2009 | (in millions, except percentages) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | General and administrative expense | Total expenses | Pretax loss |"}
{"_id": "d81818a3c", "title": "", "text": "| $ in millions Before Consolidation Consolidated Investment Products-2 Adjustments-3 Total | Year ended December 31, 2009 | Total operating revenues | Total operating expenses | Operating income | Equity in earnings of unconsolidated affiliates | Interest and dividend income | Other investment income/(losses) | Interest expense | Income before income taxes | Income tax provision | Net income | (Gains)/losses attributable to noncontrolling interests in consolidated entities, net | Net income attributable to common shareholders |"}
{"_id": "d888dafea", "title": "", "text": "| BasePeriod Indexed Returns | Company/Index | A. O. Smith Corporation | S&P Mid Cap 400 Index | Russell 1000 Index |"}
{"_id": "d8b3ef2b2", "title": "", "text": "| (In millions) Capital Leases Operating Leases Total | 2010 | 2011 | 2012 | 2013 | 2014 | Thereafter | Total minimum lease payments | Less amount representing interest payments | Present value of minimum lease payments | (In millions) | U.S.: | Commercial and financial | Purchased receivables | Lease financing | Total U.S. | Non-U.S.: | Commercial and financial | Purchased receivables | Lease financing | Total non-U.S. | Total loans | Average loans and lease financing |"}
{"_id": "d87a5cd88", "title": "", "text": "(1) Amount for 2011 reflects the conclusion of the IRS examination of Merck’s 2002-2005 federal income tax returns and the resolution of the interest rate swap dispute with the IRS, both as discussed below.\nIf the Company were to recognize the unrecognized tax benefits of $4.3 billion at December 31, 2011, the income tax provision would reflect a favorable net impact of $3.6 billion.\nThe Company is under examination by numerous tax authorities in various jurisdictions globally.\nThe Company believes that it is reasonably possible that the total amount of unrecognized tax benefits as of December 31, 2011 could decrease by up to $600 million in the next 12 months as a result of various audit closures, settlements or the expiration of the statute of limitations.\nThe ultimate finalization of the Company’s examinations with relevant taxing authorities can include formal administrative and legal proceedings, which could have a significant impact on the timing of the reversal of unrecognized tax benefits.\nThe Company believes that its reserves for uncertain tax positions are adequate to cover existing risks or exposures.\nInterest and penalties associated with uncertain tax positions amounted to a (benefit) expense of $(95) million in 2011, $144 million in 2010 and $(163) million in 2009.\nLiabilities for accrued interest and penalties were $1.3 billion and $1.6 billion as of December 31, 2011 and 2010, respectively.\nIn April 2011, the IRS concluded its examination of Merck’s 2002-2005 federal income tax returns and as a result the Company was required to make net payments of approximately $465 million.\nThe Company’s unrecognized tax benefits for the years under examination exceeded the adjustments related to this examination period and therefore the Company recorded a net $700 million tax provision benefit in 2011.\nThis net benefit reflects the decrease of unrecognized tax benefits for the years under examination partially offset by increases to the unrecognized tax benefits for years subsequent to the examination period as a result of this settlement.\nThe Company disagrees with the IRS treatment of one issue raised during this examination and is appealing the matter through the IRS administrative process.\nAs previously disclosed, in October 2006, the Canada Revenue Agency (“CRA”) issued Merck a notice of reassessment containing adjustments related to certain intercompany pricing matters.\nIn February 2009, Merck and the CRA negotiated a settlement agreement in regard to these matters.\nIn accordance with the settlement, Merck paid an additional tax of approximately $300 million and interest of approximately $360 million with no additional amounts or penalties due on this assessment.\nThe settlement was accounted for in the first quarter of 2009.\nMerck had previously established reserves for these matters.\nA portion of the taxes paid is expected to be creditable for U. S.  tax purposes.\nIn addition, as previously disclosed, the CRA has proposed adjustments for 1999 and 2000 relating to other intercompany pricing matters and, in July 2011, the CRA issued assessments for other miscellaneous audit issues for tax years 2001-2004.\nThese adjustments would increase Canadian tax due by approximately $330 million plus approximately $380 million of interest through December 31, 2011.\nThe Company disagrees with the positions taken by the CRA and believes they are without merit.\nThe Company continues to contest the assessments through the CRA appeals process.\nThe CRA is expected to prepare similar adjustments for later years.\nManagement believes that resolution of these matters will not have a material effect on the Company’s financial position or liquidity.\nAs noted above, exchange losses for 2010 reflect losses relating to Venezuelan currency devaluations.\nEffective January 11, 2010, the Venezuelan government devalued its currency from at BsF 2.15 per U. S.  dollar to a two-tiered official exchange rate at (1) “the essentials rate” at BsF 2.60 per U. S.  dollar and (2) “the non-essentials rate” at BsF 4.30 per U. S.  dollar.\nIn January 2010, the Company was required to remeasure its local currency operations in Venezuela to U. S.  dollars as the Venezuelan economy was determined to be hyperinflationary.\nThroughout 2010, the Company settled its transactions at the essentials rate and therefore remeasured monetary assets and liabilities utilizing the essentials rate.\nIn December 2010, the Venezuelan government announced it would eliminate the essentials rate and, effective January 1, 2011, all transactions would be settled at the official rate of at BsF 4.30 per U. S.  dollar.\nAs a result of this announcement, the Company remeasured its December 31, 2010 monetary assets and liabilities at the new official rate."}
{"_id": "d8a7b5e88", "title": "", "text": "| 12 Months Ended December 31, | (In Millions) | Net income | Interest expense | Income taxes | Depreciation | Amortization | Specified items | Adjusted EBITDA |"}
{"_id": "d8b2fbb8a", "title": "", "text": "(1) Excludes repurchase activity of $9.3 billion and $5.6 billion reported in loans and leases on the Consolidated Balance Sheet at December 31, 2015 and 2014.\nGlobal Corporate, Global Commercial and Business Banking Global Corporate, Global Commercial and Business Banking each include Business Lending and Global Transaction Services activities.\nBusiness Lending includes various lending-related products and services, and related hedging activities, including commercial loans, leases, commitment facilities, trade finance, real estate lending and asset-based lending.\nGlobal Transaction Services includes deposits, treasury management, credit card, foreign exchange and short-term investment products.\nThe table below presents a summary of the results, which exclude certain capital markets activity in Global Banking."}
{"_id": "d8a67f4e2", "title": "", "text": "| Year ended December 31, | 2007 | (in millions) | Operating results: | Revenues | Benefits and expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments(1) | Related charges-2 | Income from continuing operations before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d897ab2e0", "title": "", "text": "| Pension Benefits Other Benefits | 2004 | (In millions) | Components of net periodic benefit cost | Service cost | Interest cost | Expected return on plan assets | Amortization | – prior service costs (credits) | – actuarial loss | Multi-employer and other plans(a) | Settlement, curtailment and termination losses (gains)(b) | Net periodic benefit cost(c) |"}
{"_id": "d8b8658e6", "title": "", "text": "Derivatives The Company periodically enters into foreign currency forward contracts with the objective of reducing exposure to cash flow volatility associated with its intercompany loans, foreign currency receivables and payables and anticipated purchases of certain raw materials used in operations.\nThese contracts generally involve the exchange of one currency for a second currency at a future date, have maturities not exceeding twelve months and are with counterparties which are major international financial institutions.\nDuring the years ended December 31, 2016 and 2015, the Company entered into several forward currency contracts which qualified as net investment hedges, in order to mitigate a portion of its net European investments from foreign currency risk.\nThe effective portions of net investment hedges are recorded in other comprehensive income (OCI) as a component of Foreign currency translation adjustments in the accompanying Consolidated Statement of Income and Comprehensive Income.\nRealized gains/(losses) are deferred in AOCI where they will remain until the net investments in the Companys European subsidiaries are divested.\nSixteen of these forward currency contracts matured during the year ended December 31, 2016.\nThe outstanding forward currency contacts have remaining maturities of less than one year."}
{"_id": "d812ed486", "title": "", "text": "3.\nFAIR VALUE OFASSETS AND LIABILITIES The carrying value and fair value of financial instruments is presented in the below summary table.\nThe fair value of financial instruments held by consolidated investment products is presented in Note 20, \"Consolidated Investment Products. \""}
{"_id": "d85f2a2b8", "title": "", "text": "| Year Ended December | $ in millions | Investment Banking | Institutional Client Services | Investing & Lending | Investment Management | Total net interest income | Year Ended December | $ in millions | Investment Banking | Institutional Client Services | Investing & Lending | Investment Management | Total depreciation and amortization1 | Year Ended December | $ in millions | Net revenues | Americas | Europe, Middle East and Africa | Asia | Total net revenues | Pre-tax earnings | Americas | Europe, Middle East and Africa | Asia | Subtotal | Corporate1 | Total pre-tax earnings | Net earnings | Americas | Europe, Middle East and Africa | Asia | Subtotal | Corporate | Total net earnings |"}
{"_id": "d8816fe40", "title": "", "text": "| Asset Derivative Instruments December 31, Liability Derivative Instruments December 31, | 2010 | Balance Sheet Location | (millions) | Commodity Derivative Instruments (Not Designated as Hedging Instruments) | Noncurrent Assets | Interest Rate Derivative Instrument Designated as Hedging Instrument)(1) | Total |"}
{"_id": "d8c017ba2", "title": "", "text": "Notes to Consolidated Financial Statements Regulatory Tax Examinations The firm is subject to examination by the U. S.  Internal Revenue Service (IRS) and other taxing authorities in jurisdictions where the firm has significant business operations, such as the United Kingdom, Japan, Hong Kong, Korea and various states, such as New York.\nThe tax years under examination vary by jurisdiction.\nThe firm believes that during 2013, certain audits have a reasonable possibility of being completed.\nThe firm does not expect completion of these audits to have a material impact on the firms financial condition but it may be material to operating results for a particular period, depending, in part, on the operating results for that period.\nThe table below presents the earliest tax years that remain subject to examination by major jurisdiction."}
{"_id": "d8b7a8e1c", "title": "", "text": "| 2006 2005 | Research and development contract costs | Payroll and benefits | Professional fees | Other | Total | Pension and DB SERP | Years Ended December 31 | CMS Energy, including Consumers | Net periodic cost (credit) | Service cost | Interest expense | Expected return on plan assets | Amortization of: | Net loss | Prior service cost (credit) | Net periodic cost (credit) | Consumers | Net periodic cost (credit) | Service cost | Interest expense | Expected return on plan assets | Amortization of: | Net loss | Prior service cost (credit) | Net periodic cost (credit) |"}
{"_id": "d8ea5b13e", "title": "", "text": "| 2018 2017 | Year ended December 31Dollars in millions | Assets | Interest-earning assets | Investment securities | Loans | Interest-earning deposits with banks | Other | Total interest-earning assets/interest income | Liabilities | Interest-bearing liabilities | Interest-bearing deposits | Borrowed funds | Total interest-bearing liabilities/interest expense | Net interest income/margin (Non-GAAP) | Taxable-equivalent adjustments | Net interest income (GAAP) |"}
{"_id": "d8c13b4ac", "title": "", "text": "| October 1, 2006 | Goodwill and other intangibles | Other assets | Total assets | Deposits | Other liabilities | Total liabilities | Year ended December 31, (in millions) | Fair value hedge ineffective net gains/(losses)(a) | Cash flow hedge ineffective net gains/(losses)(a) | Cash flow hedging net gains/(losses) on forecasted transactions that failed tooccur(b) |"}
{"_id": "d8dcbeff8", "title": "", "text": "Table 1Financial Highlights"}
{"_id": "d87f0c270", "title": "", "text": "| 2010 2009 2008 | Basic earnings per share | As reported | Two-class method | Diluted earnings per share-1 | As reported | Two-class method |"}
{"_id": "d8f4eda8e", "title": "", "text": "VISA INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) September 30, 2012 acquired by the Company.\nThe EIP will continue to be in effect until all of the common stock available under the EIP is delivered and all restrictions on those shares have lapsed, unless the EIP is terminated earlier by the Companys board of directors.\nNo awards may be granted under the plan on or after 10 years from its effective date.\nShare-based compensation cost is recorded net of estimated forfeitures on a straight-line basis for awards with service conditions only, and on a graded-vesting basis for awards with service, performance and market conditions.\nThe Companys estimated forfeiture rate is based on an evaluation of historical, actual and trended forfeiture data.\nFor fiscal 2012, 2011, and 2010, the Company recorded share-based compensation cost of $147 million, $154 million and $135 million, respectively, in personnel on its consolidated statements of operations.\nThe amount of capitalized share-based compensation cost was immaterial during fiscal 2012, 2011, and 2010.\nOptions Options issued under the EIP expire 10 years from the date of grant and vest ratably over three years from the date of grant, subject to earlier vesting in full under certain conditions.\nDuring fiscal 2012, 2011 and 2010, the fair value of each stock option was estimated on the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:"}
{"_id": "d877630c8", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS We record tax benefits for positions that we believe are more likely than not of being sustained under audit examinations.\nWe assess the potential outcome of such examinations to determine the adequacy of our income tax accruals.\nWe recognize interest and penalties accrued related to unrecognized tax benefits in the provision for income taxes on our Consolidated Statements of Income.\nWe adjust our income tax provision during the period in which we determine that the actual results of the examinations may differ from our estimates or when statutory terms expire.\nChanges in tax laws and rates are reflected in our income tax provision in the period in which they are enacted."}
{"_id": "d8d04d526", "title": "", "text": "Valuation of Goodwill and Other Intangible Assets Description Goodwill and other intangible assets are evaluated for impairment on an annual basis as of November 30 and in interim periods when events or changes indicate the carrying value may not be recoverable, such as a significant deterioration in the operating environment or a decision to sell or dispose of a reporting unit.\nGoodwill and other intangible assets net of amortization were $1.8 billion and $0.2 billion, respectively, at December 31, 2013.\nJudgments Goodwill is allocated to reporting units, which are components of the business that are one level below operating segments.\nReporting units are evaluated for impairment individually during the annual assessment.\nEstimating the fair value of reporting units and the assets, liabilities and intangible assets of a reporting unit is a subjective process that involves the use of estimates and judgments, particularly related to cash flows, the appropriate discount rates and an applicable control premium.\nManagement judgment is required to assess whether the carrying value of the reporting unit can be supported by the fair value of the individual reporting unit.\nThere are various valuation methodologies, such as the market approach or discounted cash flow methods, that may be used to estimate the fair value of reporting units.\nIn applying these methodologies, we utilize a number of factors, including actual operating results, future business plans, economic projections, and market data.\nThe following table shows the comparative data for the amount of goodwill allocated to our reporting units (dollars in millions):"}
{"_id": "d868870ea", "title": "", "text": "| Property Fair Value -1  (In millions) Maturity Date Stated Annual  Interest Rate | THE AVENUE at White Marsh | White Marsh Plaza | White Marsh Plaza | White Marsh Other | Shoppers’ World |"}
{"_id": "d87574cbc", "title": "", "text": "| North America Asia Europe Total | December 27, 2008 | Net sales to external customers | Long lived assets | Net assets | December 29, 2007 | Net sales to external customers | Long-lived assets | Net assets | December 30, 2006 | Net sales to external customers | Long-lived assets | Net assets |"}
{"_id": "d870f4994", "title": "", "text": "| Millions of Dollars Dec. 31, 2009 Dec. 31, 2008 | Accounts payable | Accrued wages and vacation | Accrued casualty costs | Income and other taxes | Dividends and interest | Equipment rents payable | Other | Total accounts payable and other current liabilities |"}
{"_id": "d8eabdff0", "title": "", "text": "| (dollars in millions) 2016 2017 2018 | Operating Cash Flow | Percent of sales | Capital Expenditures | Percent of sales | Free Cash Flow(Operating Cash Flow less Capital Expenditures) | Percent of sales | Operating Working Capital | Percent of sales |"}
{"_id": "d8ef60ba2", "title": "", "text": "| Year ended December 31 Shares Price Per Share | 2009 | 2008 | 2007 |"}
{"_id": "d81b7d772", "title": "", "text": "| Year ended December 31, (in millions)(a) 2005 2004 | Fair value hedge ineffective net gains/(losses)(b) | Cash flow hedge ineffective net gains/(losses)(b) | Cash flow hedging gains on forecastedtransactions that failed to occur |"}
{"_id": "d81b48964", "title": "", "text": "| For the year ended | 12-31-07 | Rental income | Operating and other expenses | Interest expense, net | Depreciation expense | Income from discontinuedoperations |"}
{"_id": "d811283ee", "title": "", "text": "CF INDUSTRIES HOLDINGS, INC.  126 19.\nStock-Based Compensation 2014 Equity and Incentive Plan On May 14, 2014, our shareholders approved the CF Industries Holdings, Inc.  2014 Equity and Incentive Plan (the 2014 Equity and Incentive Plan) which replaced the CF Industries Holdings, Inc.  2009 Equity and Incentive Plan.\nUnder the 2014 Equity and Incentive Plan, we may grant incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards (payable in cash or stock) and other stock-based awards to our officers, employees, consultants and independent contractors (including non-employee directors).\nThe purpose of the 2014 Equity and Incentive Plan is to provide an incentive for our employees, officers, consultants and non-employee directors that is aligned with the interests of our stockholders.\nShare Reserve and Individual Award Limits The maximum number of shares reserved for the grant of awards under the 2014 Equity and Incentive Plan is the sum of (i) 13.9 million and (ii) the number of shares subject to outstanding awards under our predecessor plans to the extent such awards terminate or expire without delivery of shares.\nFor purposes of determining the number of shares of stock available for grant under the 2014 Equity and Incentive Plan, each option or stock appreciation right is counted against the reserve as one share.\nEach share of stock granted, other than an option or a stock appreciation right, is counted against the reserve as 1.61 shares.\nIf any outstanding award expires or is settled in cash, any unissued shares subject to the award are again available for grant under the 2014 Equity and Incentive Plan.\nShares tendered in payment of the exercise price of an option and shares withheld by the Company or otherwise received by the Company to satisfy tax withholding obligations are not available for future grant under the 2014 Equity and Incentive Plan.\nAs of December 31, 2016, we had 11.7 million shares available for future awards under the 2014 Equity and Incentive Plan.\nThe 2014 Equity and Incentive Plan provides that no more than 5.0 million underlying shares may be granted to a participant in any one calendar year.\nStock Options Under the 2014 Equity and Incentive Plan and our predecessor plans, we granted to plan participants nonqualified stock options to purchase shares of our common stock.\nThe exercise price of these options is equal to the market price of our common stock on the date of grant.\nThe contractual life of each option is ten years and generally one-third of the options vest on each of the first three anniversaries of the date of grant.\nThe fair value of each stock option award is estimated using the Black-Scholes option valuation model.\nKey assumptions used and resulting grant date fair values are shown in the following table."}
{"_id": "d8b090760", "title": "", "text": "| Foreign currency translation adjustment Unrealized holding gains (losses) on available for sale securities Unrealized holding gains (losses) on derivatives Pension plans Total | November 3, 2018 | Other comprehensive (loss) income before reclassifications | Amounts reclassified out of other comprehensive loss | Tax effects | Other comprehensive (loss) income | November 2, 2019 | (in millions) | Gross amount of interest income that would have been recorded-1 | Interest income actually recognized | Total interest income foregone |"}
{"_id": "d8cda675a", "title": "", "text": "(4) Additions include $500 million and $700 million for 2009 and 2008, respectively, representing transfers of externally-managed client balances to accounts we manage.\nThese additions are offset within Other, as there is no net impact on ending account values for these transfers.\n(5) Withdrawals and benefits include $(752) million and $(488) million for 2010 and 2009, respectively, representing transfers of client balances from accounts we managed to externally-managed accounts.\nThese withdrawals are offset within Other, as there is no net impact on ending account values for this transfer.\n(6) Other includes transfers from (to) the Asset Management segment of $(164) million, $(11) million and $432 million for 2010, 2009 and 2008, respectively.\nOther also includes $752 million, $(12) million and $(700) million in 2010, 2009 and 2008, respectively, representing net transfers of externally-managed client balances from/(to) accounts we manage.\nThese transfers are offset within Additions or Withdrawals and benefits, as there is no net impact on ending account values for this transfer.\nOther also includes $1,500 million for 2009 representing collateralized funding agreements issued to the FHLBNY and $(1,522) million for 2009 representing terminations of affiliated funding agreements utilizing proceeds from the issuances to FHLBNY.\nRemaining amounts for all periods presented primarily represent changes in asset balances for externally-managed accounts.2010 to 2009 Annual Comparison.\nAccount values in our full service business amounted to $141.3 billion as of December 31, 2010, an increase of $15.0 billion from December 31, 2009 primarily driven by an increase in the market value of customer funds due to favorable equity markets and, to a lesser extent, net additions in 2010.\nNet additions decreased $6.3 billion, from $8.8 billion in 2009 to $2.5 billion in 2010, primarily reflecting lower new plan sales, as 2009 included significant large plan sales, and, to a lesser extent, higher plan lapses.\nNew plan sales in 2010 included twelve client sales over $100 million totaling $3.3 billion compared to twelve client sales over $100 million in 2009, which totaled $7.5 billion.\nAccount values in our institutional investment products business amounted to $64.2 billion as of December 31, 2010, an increase of $12.3 billion from December 31, 2009.\nThe increase in account values was primarily driven by additions of fee-based investment-only stable value products and increases in the market value of customer funds, primarily from a decline in fixed income market yields and interest credited on general account liabilities.\nThese increases were partially offset by declines in general account guaranteed investment product account values due to scheduled withdrawals.\nNet additions (withdrawals) increased $8.4 billion, from net withdrawals of $31 million in 2009 to net additions of $8.3 billion in 2010 primarily reflecting higher sales of fee-based investment-only stable value products and lower general account guaranteed investment product scheduled withdrawals.\nIn addition, sales of guaranteed investment products in the institutional and retail markets continue to be negatively impacted by capital market conditions.2009 to 2008 Annual Comparison.\nAccount values in our full service business amounted to $126.3 billion as of December 31, 2009, an increase of $26.6 billion from December 31, 2008.\nThe increase in account values was primarily driven by an increase in the market value of customer funds due to equity market appreciation and, to a lesser extent, by net additions.\nNet additions increased $4.9 billion, from $3.9 billion in 2008 to $8.8 billion in 2009, primarily reflecting higher new plan sales and, to a lesser extent, lower plan lapses.\nNew plan sales in 2009 included twelve client sales over $100 million, totaling $7.5 billion, compared to ten client sales over $100 million in 2008, which totaled $4.5 billion.\nAccount values in our institutional investment products business amounted to $51.9 billion as of December 31, 2009, an increase of $1.4 billion from December 31, 2008.\nThe increase in account values was primarily driven by increases in the market value of customer funds, primarily from interest credited on general account business and credit spread tightening in the fixed income markets, partially offset by net outflows from externally managed accounts.\nNet withdrawals decreased $1.6 billion, from $1,654 million in 2008 to $31 million in 2009.\nThis decrease primarily reflects higher sales of investment-only, fee-based stable value products, which more than offset lower sales of guaranteed investment products in the institutional and retail markets.\nSales of our retail notes and institutional notes were negatively impacted by unfavorable capital markets conditions, in particular during the second half of 2008 and through 2009, reflecting the extreme stress experienced by global financial markets from the second half of 2007 through the early portion of 2009."}
{"_id": "d8203ffd0", "title": "", "text": "| December 31, | 2012 | Shares outstanding (actual number) | Conversion rate per share | Conversion price | Conversion shares |"}
{"_id": "d891a87e4", "title": "", "text": "| Pension Benefits Other Postretirement Benefits | (in millions) | Amortization of transition obligation | Amortization of prior service cost | Amortization of actuarial (gain) loss, net | Total | Pension Benefits | 2010 | Weighted-average assumptions | Discount rate (beginning of period) | Discount rate (end of period) | Rate of increase in compensation levels (beginning of period) | Rate of increase in compensation levels (end of period) | Expected return on plan assets (beginning of period) | Health care cost trend rates (beginning of period) | Health care cost trend rates (end of period) | For 2010, 2009 and 2008, the ultimate health care cost trend rate after gradual decrease until: 2015, 2014, 2012 (beginning ofperiod) | For 2010, 2009 and 2008, the ultimate health care cost trend rate after gradual decrease until: 2017, 2015, 2014 (end ofperiod) |"}
{"_id": "d87144d0e", "title": "", "text": "| December 31 | (Dollars in millions) | Trading account assets | U.S. government and agency securities-1 | Corporate securities, trading loans and other | Equity securities | Foreign sovereign debt | Mortgage trading loans and asset-backed securities | Total trading account assets | Trading account liabilities | U.S. government and agency securities | Equity securities | Foreign sovereign debt | Corporate securities and other | Total trading account liabilities |"}
{"_id": "d8e447680", "title": "", "text": "Sale of Citigroups German Retail Banking Operations On December5, 2008, Citigroup sold its German retail banking operations to Crédit Mutuel for 5.2 billion Euro in cash plus the German retail banks operating net earnings accrued in 2008 through the closing.\nThe sale resulted in an after-tax gain of approximately $3.9 billion, including the after-tax gain on the foreign currency hedge of $383 million recognized during the fourth quarter of 2008.\nThe sale does not include the corporate and investment banking business or the Germany-based European data center.\nThe German retail banking operations had total assets and total liabilities as of November30, 2008 of $15.6 billion and $11.8 billion, respectively.\nResults for all of the German retail banking businesses sold, as well as the net gain recognized in 2008 from this sale, are reported as Discontinued operations for all periods presented.\nSummarized financial information for Discontinued operations, including cash flows, related to the sale of the German retail banking operations is as follows:"}
{"_id": "d82267b64", "title": "", "text": "| Year Ended December 31, | 2012 | % of | $ | ($ in thousands) | Expenses | Employee compensation and benefits | Depreciation and amortization | Technology and communications | Professional and consulting fees | Occupancy | Marketing and advertising | General and administrative | Total expenses |"}
{"_id": "d8d27b488", "title": "", "text": "| Accumulated Other Comprehensive Income | Preferred   Stock | Balance at January 1, 2005 | Treasury stock transactions, net | Common stock issued in connection with acquisition | Issuance of preferred stock | Issuance of stock purchase contracts related to common equity units | Dividends on preferred stock | Dividends on common stock | Comprehensive income: | Net income | Other comprehensive income (loss): | Unrealized gains (losses) on derivative instruments, net of income tax | Unrealized investment gains (losses), net of related offsets and income tax | Foreign currency translation adjustments, net of income tax | Additional minimum pension liability adjustment, net of income tax | Other comprehensive income (loss) | Comprehensive income | Balance at December 31, 2005 | Treasury stock transactions, net | Dividends on preferred stock | Dividends on common stock | Comprehensive income: | Net income | Other comprehensive income (loss): | Unrealized gains (losses) on derivative instruments, net of income tax | Unrealized investment gains (losses), net of related offsets and income tax | Foreign currency translation adjustments, net of income tax | Additional minimum pension liability adjustment, net of income tax | Other comprehensive income (loss) | Comprehensive income | Adoption of SFAS 158, net of income tax | Balance at December 31, 2006 | Cumulative effect of changes in accounting principles, net of income tax (Note 1) | Balance at January 1, 2007 | Treasury stock transactions, net | Obligation under accelerated common stock repurchase agreement (Note 18) | Dividends on preferred stock | Dividends on common stock | Comprehensive income: | Net income | Other comprehensive income (loss): | Unrealized gains (losses) on derivative instruments, net of income tax | Unrealized investment gains (losses), net of related offsets and income tax | Foreign currency translation adjustments, net of income tax | Defined benefit plans adjustment, net of income tax | Other comprehensive income (loss) | Comprehensive income | Balance at December 31, 2007 |"}
{"_id": "d8c4e9680", "title": "", "text": "| 2017 2016 2015 | Operating profit, as reported | Rationalization charges | Gain from sale of property and equipment | Operating profit, as adjusted | Operating profit margins, as reported | Operating profit margins, as adjusted |"}
{"_id": "d88a4a236", "title": "", "text": "| For the Year Ended December 31 | 2013 | Sales | Operating profit | Depreciation and amortization | Operating profit as a % of sales | Depreciation and amortization as a % of sales | 2013 vs. 2012 | Existing businesses | Acquisitions | Currency exchange rates | Total |"}
{"_id": "d8ac67fda", "title": "", "text": "| $ Change (In millions) % Change | International | Corporate & Other | Reinsurance | Institutional | Auto & Home | Individual | Total change |"}
{"_id": "d8cf2bd8c", "title": "", "text": "| 2014 2013 2012 | Solid Waste | Wheelabrator | Corporate and Other | $82 |"}
{"_id": "d8cfa9c28", "title": "", "text": "business restructuring actions, including the settlement of a long-term take-or-pay silane contract.\nThe current year payments were partially offset by a $69.7 net increase to accrued liabilities for the current year cost reduction and business restructuring actions.\nFor the year ended 2012, cash provided by operating activities was $1,765.1.\nIncome from continuing operations of $999.2 reflected the non-cash gain on the previously held equity interest in DA NanoMaterials of $85.9, the writedown of long-lived assets associated with restructuring and a customer bankruptcy of $80.2, and a non-cash tax benefit of $58.3 recognized as a result of the second quarter Spanish tax ruling.\nThe working capital accounts were a source of cash of $100.1.\nThe provision for the cost reduction and business restructuring plans resulted in an increase to accrued liabilities of $223.9, partially offset by a use of cash of $32.9 for payments made in relation to these plans.\nFor the year ended 2011, cash provided by operating activities was $1,710.4.\nIncome from continuing operations of $1,134.3 reflected the non-cash net loss of $48.5 related to the Airgas transaction.\nWe also made cash payments of $156.2 related to the Airgas transaction.\nThe working capital accounts were a use of cash of $114.6, including $107.5 for an increase in inventory primarily to support growth in our Performance Materials business.\nInvesting Activities For the year ended 30 September 2013, cash used for investing activities was $1,697.0, primarily driven by capital expenditures for plant and equipment and acquisitions.\nFor the year ended 30 September 2012, cash used for investing activities was $2,435.2, primarily driven by capital expenditures for plant and equipment, acquisitions, and investments in unconsolidated affiliates.\nRefer to the Capital Expenditures section below for additional detail.\nFor the year ended 30 September 2011, cash used for investing activities was $1,169.8, primarily driven by capital expenditures for plant and equipment.\nWe received proceeds of $94.7 from the sale of approximately 1.5 million shares of Airgas stock.\nRefer to Note 6, Airgas Transaction, to the consolidated financial statements for additional information regarding this transaction."}
{"_id": "d8e73f1f8", "title": "", "text": "| National City Pension Plan Percentage of Plan Assets  December 31 2008 | Asset Category | Equity securities | Fixed income securities | Cash and cash equivalents | Total |"}
{"_id": "d842dce6c", "title": "", "text": "| September 30, | 2010 | (in 000's) | Standby Letters of Credit-1 | Open End Consumer Lines of Credit | Commercial Lines of Credit | Unfunded Loan Commitments - Variable Rate-1 | Unfunded Loan Commitments – Fixed Rate |"}
{"_id": "d8deebd62", "title": "", "text": "| Volume   (dekatherms/day) Expiration | ANR Pipeline Company | Great Lakes Gas Transmission, L.P | Great Lakes Gas Transmission, L.P | Trunkline Gas Company | Panhandle Eastern Pipe Line Company (starting 4/01/09) | Panhandle Eastern Pipe Line Company (starting 4/01/10) | Panhandle Eastern Pipe Line Company (starting 4/01/11) | Panhandle Eastern Pipe Line Company (starting 4/01/12) | Panhandle Eastern Pipe Line Company (starting 4/01/13) | Panhandle Eastern Pipe Line Company | Vector Pipeline |"}
{"_id": "d8acff86c", "title": "", "text": "Free Cash Flow Conversion Rate and Total Cash Returned to Shareholders as a Percentage of Free Cash Flow We believe these measures provide useful information to investors because they are important for assessing our efficiency in converting earnings to cash and returning cash to shareholders.\nThe calculation of free cash flow conversion rate and net cash provided by operating activities conversion rate, its equivalent GAAP measure, follows:"}
{"_id": "d819d23c8", "title": "", "text": "PRINTING PAPERS net sales for 2006 decreased 3% from both 2005 and 2004 due principally to the sale of the U. S.  coated papers business in August 2006.\nHowever, operating profits in 2006 were 43% higher than in 2005 and 33% higher than in 2004.\nCompared with 2005, earnings improved for U. S.  uncoated papers, market pulp and European Papers, but this was partially offset by earnings declines in Brazilian papers.\nBenefits from higher average sales price realizations in the United States, Europe and Brazil ($284 million), improved manufacturing operations ($73 million), reduced lack-of-order downtime ($41 million), higher sales volumes in Europe ($23 million), and other items ($65 million) were partially offset by higher raw material and energy costs ($109 million), higher freight costs ($45 million) and an impairment charge to reduce the carrying value of the fixed assets at the Saillat, France mill ($128 million).\nCompared with 2004, higher earnings in 2006 in the U. S.  uncoated papers, market pulp and coated papers businesses were offset by lower earnings in the European and Brazilian papers businesses.\nThe printing papers segment took 555,000 tons of downtime in 2006, including 150,000 tons of lack-of-order downtime to align production with customer demand.\nThis compared with 970,000 tons of total downtime in 2005, of which 520,000 tons related to lack-of-orders."}
{"_id": "d865ee43c", "title": "", "text": "| For the year ended December 31, | 2008 | (in millions) | Current income taxes: | U.S. federal | State and foreign | Total current income taxes | Deferred income taxes | Total income taxes (benefits) | For the year ended December 31, | 2008 | (in millions, except per share data) | Income from continuing operations, net of related income taxes | Subtract: | Preferred stock dividends | Income from continuing operations available to common stockholders, net of related income taxes | Weighted-average shares outstanding: | Basic | Dilutive effects: | Stock options | Performance share awards | Restricted stock units | Diluted | Income from continuing operations per common share: | Basic | Diluted | For the three months ended | December 31 | (in millions, except per share data) | 2008 | Total revenues | Total expenses | Income from continuing operations, net of related income taxes | Preferred stock dividends | Net income (loss) available to common stockholders | Basic earnings (loss) per common share for income from continuing operations, net of related income taxes | Basic earnings (loss) per common share for net income available to common stockholders | Diluted earnings (loss) per common share for income from continuing operations, net of related income taxes | Diluted earnings (loss) per common share for net income available to common stockholders | 2007 | Total revenues | Total expenses | Income from continuing operations, net of related income taxes | Income (loss) from discontinued operations, net of related income taxes | Preferred stock dividends | Net income available to common stockholders | Basic earnings per common share for income from continuing operations, net of related income taxes | Basic earnings per common share for net income available to common stockholders | Diluted earnings per share for income from continuing operations, net of related income taxes | Diluted earnings per common share for net income available to common stockholders | For the year ended December 31, | 2008 | (in millions) | Dividends to stockholders | Repurchase of common stock | Total cash returned to stockholders | Number of shares repurchased |"}
{"_id": "d8327a81c", "title": "", "text": "and machine tooling to enhance manufacturing operations, and ongoing replacements of manufacturing and distribution equipment.\nCapital spending in all three years also included spending for the replacement and enhancement of the company’s global enterprise resource planning (ERP) management information systems, as well as spending to enhance the company’s corporate headquarters and research and development facilities in Kenosha, Wisconsin.\nSnap-on believes that its cash generated from operations, as well as its available cash on hand and funds available from its credit facilities will be sufficient to fund the company’s capital expenditure requirements in 2013.\nIn 2010, Snap-on acquired the remaining 40% interest in Snap-on Asia Manufacturing (Zhejiang) Co. , Ltd. , the company’s tool manufacturing operation in Xiaoshan, China, for a purchase price of $7.7 million and $0.1 million of transaction costs; Snap-on acquired the initial 60% interest in 2008.\nSee Note 2 to the Consolidated Financial Statements for additional information.\nFinancing Activities Net cash used by financing activities was $127.0 million in 2012.\nNet cash used by financing activities of $293.7 million in 2011 included the August 2011 repayment of $200 million of unsecured 6.25% notes upon maturity with available cash.\nIn December 2010, Snap-on sold $250 million of unsecured 4.25% long-term notes at a discount; Snap-on is using, and has used, the $247.7 million of proceeds from the sale of these notes, net of $1.6 million of transaction costs, for general corporate purposes, which included working capital, capital expenditures, repayment of all or a portion of the company’s $200 million, 6.25% unsecured notes that matured in August 2011, and the financing of finance and contract receivables, primarily related to SOC.\nIn January 2010, Snap-on repaid $150 million of unsecured floating rate debt upon maturity with available cash.\nProceeds from stock purchase and option plan exercises totaled $46.8 million in 2012, $25.7 million in 2011 and $23.7 million in 2010.\nSnap-on has undertaken stock repurchases from time to time to offset dilution created by shares issued for employee and franchisee stock purchase plans, stock options and other corporate purposes.\nIn 2012, Snap-on repurchased 1,180,000 shares of its common stock for $78.1 million under its previously announced share repurchase programs.\nAs of 2012 year end, Snap-on had remaining availability to repurchase up to an additional $180.9 million in common stock pursuant to its Board of Directors’ (the “Board”) authorizations.\nThe purchase of Snap-on common stock is at the company’s discretion, subject to prevailing financial and market conditions.\nSnap-on repurchased 628,000 shares of its common stock for $37.4 million in 2011; Snap-on repurchased 152,000 shares of its common stock for $8.7 million in 2010.\nSnap-on believes that its cash generated from operations, available cash on hand, and funds available from its credit facilities, will be sufficient to fund the company’s share repurchases, if any, in 2013.\nSnap-on has paid consecutive quarterly cash dividends, without interruption or reduction, since 1939.\nCash dividends paid in 2012, 2011 and 2010 totaled $81.5 million, $76.7 million and $71.3 million, respectively.\nOn November 1, 2012, the company announced that its Board increased the quarterly cash dividend by 11.8% to $0.38 per share ($1.52 per share per year).\nQuarterly dividends declared in 2012 were $0.38 per share in the fourth quarter and $0.34 per share in the first three quarters ($1.40 per share for the year).\nQuarterly dividends in 2011 were $0.34 per share in the fourth quarter and $0.32 per share in the first three quarters ($1.30 per share for the year).\nQuarterly dividends in 2010 were $0.32 per share in the fourth quarter and $0.30 per share in the first three quarters ($1.22 per share for the year)."}
{"_id": "d85f4a504", "title": "", "text": "| Pension Benefits Post-Retirement Benefits | 2011 | Weighted-average assumptions used to determine benefit obligations | Discount rate | Rate of compensation increase | Weighted-average assumptions used to determine net periodic benefit cost | Discount rate | Expected return on plan assets | Rate of compensation increase |"}
{"_id": "d8f43c3b0", "title": "", "text": "| December 31, (in millions) 2014 2013 2012 | Consumer & Community Banking | Corporate & Investment Bank | Commercial Banking | Asset Management | Corporate(a) | Total goodwill | Year ended December 31,(in millions) | Balance at beginning of period | Changes during the period from: | Business combinations | Dispositions | Other(a) | Balance at December 31, |"}
{"_id": "d8d845eea", "title": "", "text": "| Estimated Payments Due by Period | Total | (in millions) | Short-term and long-term debt obligations-1 | Operating and capital lease obligations-2 | Purchase obligations: | Commitments to purchase or fund investments-3 | Commercial mortgage loan commitments-4 | Other liabilities: | Insurance liabilities-5 | Other-6 | Total |"}
{"_id": "d8d5bdc90", "title": "", "text": "| As of February 22, 2013 Moody’s Standard and Poor’s Fitch DBRS | Fifth Third Bancorp: | Short-term | Senior debt | Subordinated debt | Fifth Third Bank: | Short-term | Long-term deposit | Senior debt | Subordinated debt |"}
{"_id": "d8a4a4320", "title": "", "text": "| (Aggregate Intrinsic Value in thousands) Weighted- Average Exercise Price/Share Weighted- Average Remaining Contractual Term Aggregate Intrinsic Value | Options | Outstanding at January 1, 2018 | Granted | Exercised | Forfeited/Cancelled/Expired | Outstanding at December 31, 2018 | Exercisable at December 31, 2018 |"}
{"_id": "d8bb01bb8", "title": "", "text": "| Year Ended December 31, | (millions of dollars) | Defined contribution expense | Defined benefit pension expense | Other postretirement employee benefit expense | Total | Year Ended December 31, | 2008 | Electric Energy Delivered (millions of kWhs) | Total deliveries to O&R full service customers | Delivery service for retail access customers | Total Deliveries In Franchise Area | Electric Energy Delivered ($ in millions) | Total deliveries to O&R full service customers | Delivery service for retail access customers | Other operating revenues | Total Deliveries In Franchise Area | Average Revenue Per kWh Sold (Cents) | Residential | Commercial and Industrial | Support and Service Revenue | 2013 | Support and service | Percentage of total revenue | Year over Year Change | $ Change | In-House Support & Other Services | Electronic Payment Services | Outsourcing Services | Implementation Services | Total Increase | Hardware Revenue | Change | 2013 | Hardware | Percentage of total revenue |"}
{"_id": "d8852ca9c", "title": "", "text": "| (Dollars in millions) 2017 2016 2015 | Operating activities | Net income | Reconciliation of net income to net cash provided by (used in) operating activities: | Equity in undistributed (earnings) losses of subsidiaries | Other operating activities, net | Net cash provided by (used in) operating activities | Investing activities | Net sales of securities | Net payments to subsidiaries | Other investing activities, net | Net cash used in investing activities | Financing activities | Net decrease in short-term borrowings | Net decrease in other advances | Proceeds from issuance of long-term debt | Retirement of long-term debt | Proceeds from issuance of preferred stock | Common stock repurchased | Cash dividends paid | Net cash used in financing activities | Net decrease in cash held at bank subsidiaries | Cash held at bank subsidiaries at January 1 | Cash held at bank subsidiaries at December 31 |"}
{"_id": "d8ecca1ae", "title": "", "text": "| Planned construction and capital investments 2014 2015 2016 | (In Millions) | Utility: | Generation | Transmission | Distribution | Other | Total | Entergy Wholesale Commodities | Total |"}
{"_id": "d8de39874", "title": "", "text": "| Year ended December 31, | (Dollars in thousands) | Net interest income | Reduction of (provision for) loan losses | Noninterest income | Noninterest expense | Income before income tax expense | Total average loans, net of unearned income | Total average assets | Total average deposits |"}
{"_id": "d8a39124e", "title": "", "text": "| 3.2.2 By-laws of CECONY, effective May 18, 2015. (Designated in CECONY’s Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2015 (File No. 1-1217) as Exhibit 3.2) | 4.2.1 | 4.2.2 | 4.2.3 | 4.2.4 | 4.2.5 | 4.2.6 | 4.2.7 | 4.2.8.1 | 4.2.8.2 | 4.2.9.1 | 4.2.9.2 | 4.2.10 | 4.2.11 |"}
{"_id": "d8dc3a0fa", "title": "", "text": "Notes to Consolidated Financial Statements  (Continued) (Amounts in Millions, Except Per Share Amounts) Guarantees We have guarantees of certain obligations of our subsidiaries relating principally to credit facilities, certain media payables and operating leases of certain subsidiaries.\nThe amount of such parent company guarantees was $769.3 and $706.7 as of December 31, 2009 and 2008, respectively.\nIn the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee, we would be obligated to pay the amounts covered by that guarantee.\nAs of December 31, 2009, there are no material assets pledged as security for such parent company guarantees.\nContingent Acquisition Obligations The following table details the estimated future contingent acquisition obligations payable in cash as of December 31, 2009.\nThe estimated amounts listed would be paid in the event of exercise at the earliest exercise date.\nSee Note 6 for further information relating to the payment structure of our acquisitions.\nAll payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revisions as the earn-out periods progress."}
{"_id": "d8d66fa9e", "title": "", "text": "| Year Ended December 31, | 2009 | (MMBOE) | Proved Reserves Beginning of Year | Revisions of Previous Estimates | Extensions, Discoveries and Other Additions | Purchase of Minerals in Place | Sale of Minerals in Place | Production | Proved Reserves End of Year |"}
{"_id": "d86760e00", "title": "", "text": "| Years Ended December 31, | 2008 | (In millions, except per share data) | Other Data -1 | Net income available to common shareholders | Return on common equity -7 | Return on common equity, excluding accumulated other comprehensive income (loss) | EPS Data -1 | Income from Continuing Operations Available to Common Shareholders Per Common Share | Basic | Diluted | Income (Loss) from Discontinued Operations Per Common Share | Basic | Diluted | Cumulative Effect of a Change in Accounting Per Common Share -3 | Basic | Diluted | Net Income Available to Common Shareholders Per Common Share | Basic | Diluted | Dividends Declared Per Common Share |"}
{"_id": "d8f767bc0", "title": "", "text": "| At December 31, 2013 Retail Group,Voluntary& WorksiteBenefits CorporateBenefitFunding LatinAmerica Asia -1 EMEA Corporate& Other Total | (In millions) | Total assets | Separate account assets | Separate account liabilities |"}
{"_id": "d8d1db1fe", "title": "", "text": "| Year Ended December 31, Change | (in thousands, except percentages) | Revenue: | Lease licenses | Perpetual licenses | Software licenses | Maintenance | Service | Maintenance and service | Total revenue |"}
{"_id": "d89a6ec20", "title": "", "text": "Table of Contents was recently issued a Notice of Noncompliance and Show Cause Notification relating to certain federally enforceable requirements applicable to the Elkton facility.\nThe Company is attempting to resolve these alleged violations by way of settlement but will defend itself if settlement cannot be reached.\nThe Company and its subsidiaries are parties to a number of proceedings brought under the Comprehensive Environmental Response, Compensation and Liability Act, commonly known as Superfund, and other federal and state equivalents.\nThese proceedings seek to require the operators of hazardous waste disposal facilities, transporters of waste to the sites and generators of hazardous waste disposed of at the sites to clean up the sites or to reimburse the government for cleanup costs.\nThe Company has been made a party to these proceedings as an alleged generator of waste disposed of at the sites.\nIn each case, the government alleges that the defendants are jointly and severally liable for the cleanup costs.\nAlthough joint and several liability is alleged, these proceedings are frequently resolved so that the allocation of cleanup costs among the parties more nearly reflects the relative contributions of the parties to the site situation.\nThe Company’s potential liability varies greatly from site to site.\nFor some sites the potential liability is de minimis and for others the final costs of cleanup have not yet been determined.\nWhile it is not feasible to predict the outcome of many of these proceedings brought by federal or state agencies or private litigants, in the opinion of the Company, such proceedings should not ultimately result in any liability which would have a material adverse effect on the financial position, results of operations, liquidity or capital resources of the Company.\nThe Company has taken an active role in identifying and accruing for these costs and such amounts do not include any reduction for anticipated recoveries of cleanup costs from former site owners or operators or other recalcitrant potentially responsible parties.\nIn management’s opinion, the liabilities for all environmental matters that are probable and reasonably estimable have been accrued and totaled $83 million and $109 million at December 31, 2016 and 2015 , respectively.\nThese liabilities are undiscounted, do not consider potential recoveries from other parties and will be paid out over the periods of remediation for the applicable sites, which are expected to occur primarily over the next 15 years.\nAlthough it is not possible to predict with certainty the outcome of these matters, or the ultimate costs of remediation, management does not believe that any reasonably possible expenditures that may be incurred in excess of the liabilities accrued should exceed $64 million in the aggregate.\nManagement also does not believe that these expenditures should result in a material adverse effect on the Company’s financial position, results of operations, liquidity or capital resources for any year.11.\nEquity The Merck certificate of incorporation authorizes 6,500,000,000 shares of common stock and 20,000,000 shares of preferred stock.\nCapital Stock A summary of common stock and treasury stock transactions (shares in millions) is as follows:"}
{"_id": "d81cc5a1c", "title": "", "text": "Note 13 Employee Benefit Plans Employee Bonus Plans Applied has various employee bonus plans.\nA discretionary bonus plan provides for the distribution of a percentage of pretax income to Applied employees who are not participants in other performance-based incentive plans, up to a maximum percentage of eligible compensation.\nOther plans provide for bonuses to Applieds executives and other key contributors based on the achievement of profitability and/or other specified performance criteria.\nCharges under these plans were $269 million for fiscal 2013, $271 million for fiscal 2012, and $319 million charges for fiscal 2011.\nEmployee Savings and Retirement Plan Applieds Employee Savings and Retirement Plan (the 401(k) Plan) is qualified under Sections 401(a) and (k) of the Internal Revenue Code (the Code).\nEffective as of the close of the stock market on December 31, 2012, the Varian-sponsored 401(k) plan was merged with and into the 401(k) Plan, with the 401(k) Plan being the surviving plan.\nEligible employees may make salary deferral and catch-up contributions under the 401(k) Plan on a pre-tax basis and/or (effective as of the first payroll period beginning on or after December 22, 2012) on a Roth basis, subject to an annual dollar limit established by the Code.\nApplied matches 100% of participant salary and/or Roth deferral contributions up to the first 3% of eligible contribution and then 50% of every dollar between 4% and 6% of eligible contribution.\nApplied does not make matching contributions on any catch-up contributions made by participants.\nPlan participants who were employed by Applied or any of its affiliates on or after January 1, 2010 became 100% vested in their Applied matching contribution account balances.\nApplieds matching contributions under the 401(k) Plan were approximately $29 million, net of $1 million in forfeitures for fiscal 2013, $37 million for fiscal 2012 and $27 million for fiscal 2011."}
{"_id": "d8b5fc17c", "title": "", "text": "| Year Ended December 31, | (in thousands) | Foreign currency losses, net | Other income (expense), net | Total other expense, net |"}
{"_id": "d8cdc746e", "title": "", "text": "| Accruing | In millions | December 31, 2012 | Commercial | Commercial real estate | Equipment lease financing | Home equity (c) | Residential real estate (d) | Credit card | Other consumer (e) | Total | Percentage of total loans | December 31, 2011 | Commercial | Commercial real estate | Equipment lease financing | Home equity (c) | Residential real estate (d) | Credit card | Other consumer (e) | Total | Percentage of total loans |"}
{"_id": "d8669055c", "title": "", "text": "In July 2006, the FASB issued Interpretation (FIN) No.48, “Accounting for Uncertainty in Income Taxes - An Interpretation of FASB Statement No.109.\n” This Interpretation clarifies the accounting for uncertainty in income taxes recognized in accordance with SFAS No.109, “Accounting for Income Taxes.\n” This Interpretation also prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return.\nThis Interpretation also provides guidance on derecognition, classification, interest and penalties, accounting in interim periods, disclosure and transition.\nThe evaluation of a tax position in accordance with this Interpretation is a two-step process.\nThe first step is a recognition process to determine whether it is more-likely-than-not that a tax position will be sustained upon examination, including resolution of any related\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS 96 Fifth Third Bancorp Financial Instruments Pertaining to SFAS No.107, \"Disclosures about Fair Value of Financial Instruments\" The following table summarizes carrying amounts and estimated fair values for certain financial instruments, excluding financial instruments recorded at fair value on a recurring basis at December 31:"}
{"_id": "d8803866c", "title": "", "text": "| Years ended December 31, | 2008 | Cash used for investing activities | Less: Cash generated from investing activities related to Pret A Manger transaction | Less: Cash generated from investing activities related to Redboxtransaction | Adjusted cash used for investing activities | AS A PERCENT | Quarters ended: | March 31 | June 30 | September 30 | December 31 |"}
{"_id": "d889d02d8", "title": "", "text": "Stock Performance Graph The following graph sets forth the cumulative total shareholder return on our Series A common stock, Series B common stock and Series C common stock as compared with the cumulative total return of the companies listed in the Standard and Poors 500 Stock Index (S&P 500 Index) and a peer group of companies comprised of CBS Corporation Class B common stock, News Corporation Class A common stock, Scripps Network Interactive, Inc. , Time Warner, Inc. , Viacom, Inc.  Class B common stock and The Walt Disney Company.\nThe graph assumes $100 originally invested on September 18, 2008, the date upon which our common stock began trading, in each of our Series A common stock, Series B common stock and Series C common stock, the S&P 500 Index, and the stock of our peer group companies, including reinvestment of dividends, for the period September 18, 2008 through December 31, 2008 and the years ended December 31, 2009, 2010, 2011, and 2012."}
{"_id": "d81decb70", "title": "", "text": "| Shares Weighted Average Exercise Price | Outstanding at December 31, 2011 | Exercised | Forfeited | Expired | Outstanding at December 31, 2012 | Exercised | Forfeited | Expired | Outstanding at December 31, 2013 | Exercised | Expired | Outstanding at December 31, 2014 | Vested and expected to vest at December 31, 2014 | Exercisable at December 31, 2014 |"}
{"_id": "d8d0fa55a", "title": "", "text": "| Amounts Due By Period | (dollars in millions) | Long-term Debt (including Interest) | Operating Leases | Purchase Obligations | Total |"}
{"_id": "d8f43c248", "title": "", "text": "| March 31, | 2015 | (in $000’s) | Employee compensation | Research and development | Sales and income taxes | Warranty | Professional, legal and accounting fees | Other | $21,894 |"}
{"_id": "d8646ec42", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | 2015 | Attritional | Catastrophes | Total segment | 2014 | Attritional | Catastrophes | Total segment | 2013 | Attritional | Catastrophes | Total segment | Variance 2015/2014 | Attritional | Catastrophes | Total segment | Variance 2014/2013 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8629a9ac", "title": "", "text": "| (in 000s, except per share amounts) | Fiscal Year 2010 | Revenues | Income (loss) from continuing operations before taxes (benefit) | Income taxes (benefit) | Net income (loss) from continuing operations | Net loss from discontinued operations | Net income (loss) | Basic earnings (loss) per share: | Net income (loss) from continuing operations | Net loss from discontinued operations | Net income (loss) | Diluted earnings (loss) per share: | Net income (loss) from continuing operations | Net loss from discontinued operations | Net income (loss) | Fiscal Year 2009 | Revenues | Income (loss) from continuing operations before taxes (benefit) | Income taxes (benefit) | Net income (loss) from continuing operations | Net loss from discontinued operations | Net income (loss) | Basic earnings (loss) per share: | Net income (loss) from continuing operations | Net loss from discontinued operations | Net income (loss) | Diluted earnings (loss) per share: | Net income (loss) from continuing operations | Net loss from discontinued operations | Net income (loss) |"}
{"_id": "d8a5a3230", "title": "", "text": "| Beginning of year 405 | Revisions of previous estimates | Improved recovery | Purchases of reserves in place | Extensions, discoveries, and other additions | Transfer to Proved Developed | End of year |"}
{"_id": "d8c23539e", "title": "", "text": "| December 31, (in millions) 2008 2007 | Total Tier 1capital(a) | Total Tier 2 capital | Total capital | Risk-weighted assets | Total adjusted average assets |"}
{"_id": "d8d09a416", "title": "", "text": "Item 6.\nSELECTED FINANCIAL DATA The following table sets forth selected historical financial data of PCA (dollars in thousands, except per share data).\nThe information contained in the table should be read in conjunction with the disclosures in Part II, Item 7.\nManagements Discussion and Analysis of Financial Condition and Results of Operations and Part II, Item 8.\nFinancial Statements and Supplementary Data of this Form 10-K."}
{"_id": "d8b3b76b4", "title": "", "text": "| Project Costs Year ended December 31, Increase | (In millions) | ARCALYST® | VEGF Trap-Eye | Aflibercept | REGN88 | Other antibody candidates in clinical development | Other research programs & unallocated costs | Total research and development expenses |"}
{"_id": "d896447d0", "title": "", "text": "comprised of the S&P 500 Index, the MSCI EAFE Index and MSCI EM Index.\nBoth options offer two crediting durations, one-year and two-year.\nThe policyholder may allocate all or a portion of the policy value to a fixed or any available indexed account.\nThe Company also offers term life insurance as well as disability products.\nThe Company no longer offers standalone LTC products and whole life insurance but has in force policies from prior years.\nInsurance liabilities include accumulation values, incurred but not reported claims, obligations for anticipated future claims, unpaid reported claims and claim adjustment expenses.\nThe balance of insurance liabilities related to unpaid reported claims and claim adjustment expenses for auto and home was $640 million and $518 million as of December 31, 2015 and 2014, respectively.\nThe balance of insurance liabilities related to unpaid reported claims and claim adjustment expenses for life, DI and LTC policies was $1.1 billion and $1.0 billion as of December 31, 2015 and 2014, respectively.\nThe change in the liability for prior year incurred unpaid reported claims and claim adjustment expenses related to auto and home, life, DI and LTC policies was a decrease of $2 million, an increase of $9 million and an increase of $2 million for the years 2015, 2014 and 2013, respectively.  ?\nIn 2015, there was a $60 million decrease primarily reflecting favorable closed claim trends of DI and LTC policies and from an update to assumptions related to life rider benefits partially offset by an increase of $58 million related to elevated frequency and severity experience for auto injury claims for 2014 and prior accident years as well as a more gradual than anticipated improvement of 2014 and prior years existing claims and unfavorable prior year catastrophe reserve development associated with 2014 hail storms.  ?\nIn 2014, there was a $42 million decrease related to favorable closed claim trends primarily related to DI and LTC policies more than offset by a $54 million increase primarily reflecting adverse development in the 2013 and prior accident years auto liability coverage.  ?\nIn 2013, there was a $38 million decrease related to favorable closed claim trends primarily related to DI and LTC policies more than offset by a $42 million increase reflecting the unfavorable prior year reserve development for 2009 through 2012 auto liability claims and prior year catastrophe reserve development related to Superstorm Sandy.\nPortions of the Companys fixed and variable universal life policies have product features that result in profits followed by losses from the insurance component of the policy.\nThese profits followed by losses can be generated by the cost structure of the product or secondary guarantees in the policy.\nThe secondary guarantee ensures that, subject to specified conditions, the policy will not terminate and will continue to provide a death benefit even if there is insufficient policy value to cover the monthly deductions and charges.\nThreadneedle Investment Liabilities Threadneedle provides a range of unitized pooled pension funds, which invest in property, stocks, bonds and cash.\nThe investments are selected by the clients and are based on the level of risk they are willing to assume.\nAll investment performance, net of fees, is passed through to the investors.\nThe value of the liabilities represents the fair value of the pooled pension funds.\nSeparate Account Liabilities Separate account liabilities consisted of the following:"}
{"_id": "d8f32b0de", "title": "", "text": "Competitive Strengths We have established ourselves as a global leader and innovator in our industry.\nWe believe we are well positioned to further enhance our leadership position through several key competitive strengths: ?\nInnovative Products and Services.\nWe are structured and committed to deliver a differentiated experience to our customers, through our offering of innovative proprietary products, order types, risk management tools and other products and services.\nWe have also worked closely and collaboratively with market participants to introduce new products and services to meet the evolving needs of the industry, and we plan to continue these efforts.\nProducts we have developed include index options, equity options, options and futures on the VIX Index and other volatility indexes, short duration options, including Weeklys, FLexible EXchange Options (‘‘FLEX options’’) and options strategy benchmark indexes.\nWe have also developed products that enable our customers to monitor their order handling on our markets in real-time, such as our user dashboard and latency reports.\nWe were the first U. S.  options exchange to trade options during non-U.\nS.  trading hours, offering extended trading hours in our exclusive proprietary products.\nWe also connect with a growing customer base through trading and educational resources, including resources available through our website, the world-renowned Cboe Options Institute, participating at industry trade shows and industry forums.  ?\nLeading Proprietary Technology.\nBats’ leading proprietary technology was designed in-house to optimize reliability, speed, scalability and versatility.\nThe trading technology platforms have experienced very low operational downtime and have low latency.\nWe believe that this reliability, capacity and speed gives our customers an additional incentive to use our platforms to mitigate trade execution risk, especially in times of extreme market volatility.\nWe plan to utilize Bats’ leading proprietary trading technology by migrating trading on Cboe Options, C2 and CFE onto a single platform, which is expected to enhance reliability, speed, efficiency, versatility, resiliency and scalability and result in uniformity of customer experience across all of our markets.\nItem 6.\nSelected Financial Data The following selected financial and operating data should be read in conjunction with ‘‘Management’s Discussion and Analysis of Financial Condition and Results of Operations’’ and our consolidated financial statements and the accompanying notes included in Items 7 and 8, respectively of this Form 10-K."}
{"_id": "d8b7e81ca", "title": "", "text": "| Securities with unrealized losses | Less than 12 months | Gross | Fair | 2004 (in millions) | Available-for-sale securities | U.S. government and federal agency obligations: | U.S. treasuries | Mortgage-backed securities | Agency obligations | Collateralized mortgage obligations | U.S. government-sponsored enterpriseobligations | Obligations of state and politicalsubdivisions | Debt securities issued by non-U.S.governments | Corporate debt securities | Equity securities | Other, primarily asset-backed securities | Total securities with unrealized losses |"}
{"_id": "d8c6f41fa", "title": "", "text": "| December 31 | (Dollars in millions) | Deposits | Global Card Services | Home Loans & Insurance | Global Commercial Banking | Global Banking & Markets | Global Wealth & Investment Management | All Other | Total goodwill |"}
{"_id": "d85f771b2", "title": "", "text": "| (in millions of U.S. dollars) 2009 Net Premiums Earned % of Total 2008 Net Premiums Earned % of Total 2007 Net Premiums Earned | Insurance – North American | Insurance – Overseas General | Global Reinsurance | Life | $13,240 | Total | 2009 | 2010 | 2011 | 2012 | 2013 | Thereafter | Total |"}
{"_id": "d8292c544", "title": "", "text": "ITEM 5 | Market for Registrant?s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 32 AIG | 2017 Form 10-K As of December 31, 2017, approximately $2.3 billion remained under our share repurchase authorization.\nWe did not repurchase any shares of AIG Common Stock from January 1, 2018 to February 8, 2018.\nShares may be repurchased from time to time in the open market, private purchases, through forward, derivative, accelerated repurchase or automatic repurchase transactions or otherwise (including through the purchase of warrants).\nCertain of our share repurchases have been and may from time to time be effected through Exchange Act Rule 10b5-1 repurchase plans.\nThe timing of any future share repurchases will depend on market conditions, our business and strategic plans, financial condition, results of operations, liquidity and other factors.\nFor additional information on our share purchases see Note 17 to the Consolidated Financial Statements.\nCommon Stock Performance Graph The following Performance Graph compares the cumulative total shareholder return on AIG Common Stock for a five-year period (December 31, 2012 to December 31, 2017) with the cumulative total return of the S&P?s 500 stock index (which includes AIG), the S&P Property and Casualty Insurance Index (S&P P&C Index) and the S&P Life and Health Insurance Index (S&P L&H Index).\nValue of $100 Invested on December 31, 2012 (All $ as of December 31st)"}
{"_id": "d85f0aab2", "title": "", "text": "| December 31, | In millions | Komatsu alliances | Beijing Foton Cummins Engine Co., Ltd. | Dongfeng Cummins Engine Company, Ltd. | Chongqing Cummins Engine Company, Ltd. | Cummins-Scania XPI Manufacturing, LLC | Tata Cummins, Ltd. | North American distributors-1 | Other | Investments and advances related to equity method investees |"}
{"_id": "d8ab28d04", "title": "", "text": "| Other PostretirementBenefits (in millions) | One percentage point increase | Increase in total service and interest costs | Increase in postretirement benefit obligation | One percentage point decrease | Decrease in total service and interest costs | Decrease in postretirement benefit obligation |"}
{"_id": "d8f6c9f06", "title": "", "text": "| Unvested stock awards Shares Weighted-average grant date fair value | Unvested at January 1, 2009 | New awards | Cancelled awards | Deleted awards | Vested awards-1 | Unvested at December 31, 2009 |"}
{"_id": "d8ae05fea", "title": "", "text": "Printing Papers Demand for Printing Papers products is closely correlated with changes in commercial printing and advertising activity, direct mail volumes and, for uncoated cut-size products, with changes in whitecollar employment levels that affect the usage of copy and laser printer paper.\nPulp is further affected by changes in currency rates that can enhance or disadvantage producers in different geographic regions.\nPrincipal cost drivers include manufacturing efficiency, raw material and energy costs and freight costs.\nPrinting Papers net sales for 2012 were about flat with 2011 and increased 5% from 2010.\nOperating profits in 2012 were 31% lower than in 2011, but 25% higher than in 2010.\nExcluding facility closure costs and impairment costs, operating profits in 2012 were 30% lower than in 2011 and 25% lower than in 2010.\nBenefits from higher sales volumes ($58 million) were more than offset by lower sales price realizations and an unfavorable product mix ($233 million), higher operating costs ($30 million), higher maintenance outage costs ($17 million), higher input costs ($32 million) and other items ($6 million).\nIn addition, operating profits in 2011 included a $24 million gain related to the announced repurposing of our Franklin, Virginia mill to produce fluff pulp and an $11 million impairment charge related to our Inverurie, Scotland mill that was closed in 2009."}
{"_id": "d86444848", "title": "", "text": "Other-Than-Temporary Impairments of Fixed Maturity Securities We maintain separate monitoring processes for public and private fixed maturities and create watch lists to highlight securities that require special scrutiny and management.\nOur public fixed maturity asset managers formally review all public fixed maturity holdings on a quarterly basis and more frequently when necessary to identify potential credit deterioration whether due to ratings downgrades, unexpected price variances, and/or company or industry specific concerns.\nFor private placements our credit and portfolio management processes help ensure prudent controls over valuation and management.\nWe have separate pricing and authorization processes to establish checks and balances for new investments.\nWe apply consistent standards of credit analysis and due diligence for all transactions, whether they originate through our own in-house origination staff or through agents.\nOur regional offices closely monitor the portfolios in their regions.\nWe set all valuation standards centrally, and we assess the fair value of all investments quarterly.\nOur private fixed maturity asset managers formally review all private fixed maturity holdings on a quarterly basis and more frequently when necessary to identify potential credit deterioration whether due to ratings downgrades, unexpected price variances, and/or company or industry specific concerns.\nFixed maturity securities classified as held to maturity are those securities where we have the intent and ability to hold the securities until maturity.\nThese securities are reflected at amortized cost in our consolidated statements of financial position.\nOther fixed maturity"}
{"_id": "d884241fe", "title": "", "text": "Xcel Energy’s ongoing investment strategy is based on plan-specific investment recommendations that seek to minimize potential investment and interest rate risk as a plan’s funded status increases over time.\nThe investment recommendations result in a greater percentage of long-duration fixed income securities being allocated to specific plans having relatively higher funded status ratios and a greater percentage of growth assets being allocated to plans having relatively lower funded status ratios.\nThe aggregate projected asset allocation presented in the table above for the master pension trust results from the plan-specific strategies.\nSPP and MISO Complaints Regarding RTO Joint Operating Agreement (JOA) — SPP and MISO have been engaged in a longstanding dispute regarding the interpretation of their JOA, which is intended to coordinate RTO operations along the MISO/SPP system boundary.\nSPP and MISO disagree over MISO’s authority to transmit power between the traditional MISO region in the Midwest and the Entergy system.\nSeveral cases were filed with the FERC by MISO and SPP between 2011 and 2014.\nIn June 2014, the FERC set the issues for settlement judge and hearing procedures.\nIn January 2016, FERC approved a settlement between SPP, MISO and other parties that resolves various disputed matters and provide a defined settlement compensation plan by MISO to SPP.\nMISO will pay SPP $16 million for the two-year retroactive period and $16 million annually prospectively, subject to a true-up.\nSeparate settlement discussions regarding the MISO tariff change to recover SPP charges are ongoing.\nNSP-Minnesota and NSP-Wisconsin expect to be able to recover any resulting MISO charges in retail rates.\nIn January 2016, SPP filed a proposal regarding distribution of the revenues to SPP members, including SPS.\nFERC approval is pending.\nThe revenue allocated to SPS is not expected to be material.\nElectric Operating Statistics Electric Sales Statistics"}
{"_id": "d82e92858", "title": "", "text": "| Year Total | 2015 | 2016 | 2017 | 2018 | 2019 | Thereafter | Total |"}
{"_id": "d87d041ee", "title": "", "text": "| December 31, | 2015 | (In millions) | Assets: | Deferred tax asset | Deferred charges and other | Liabilities | Other current liabilities | Deferred income taxes | Net deferred income tax liability |"}
{"_id": "d8dfb97c6", "title": "", "text": "| September 30, 2007 September 30, 2006 September 30, 2005 September 24, 2004 September 26, 2003 | ($ in 000’s) | Nonaccrual Loans | Accruing Loans Which are 90 Days | Past Due | Total Nonperforming Loans | Real Estate Owned and Other | Repossessed Assets, Net | Total Nonperforming Assets, Net | Total Nonperforming Loans as a | Percentage of | Total Loans, Net |"}
{"_id": "d8af42a3e", "title": "", "text": "| December 31, 2009 December 31, 2008 | Financial Services Businesses | Gross Carrying Value | ($ in millions) | Commercial mortgage loans by region: | U.S. Regions: | Pacific | South Atlantic | Middle Atlantic | East North Central | West South Central | Mountain | New England | West North Central | East South Central | Subtotal—U.S. | Asia | Other | Total commercial mortgage loans | December 31, 2009 | Financial Services Businesses | Gross Carrying Value | ($ in millions) | Commercial mortgage loans by property type: | Industrial buildings | Retail stores | Office buildings | Apartment Complexes | Other | Hospitality | Agricultural properties | Total commercial mortgage loans |"}
{"_id": "d8a894a34", "title": "", "text": "| December 31, 2011 December 31, 2010 | Fixed maturities, AFS | Short-term investments | Total collateral pledged |"}
{"_id": "d8775a48c", "title": "", "text": "| ($ in millions) 2009 2008 2007 | Fixed income securities | Equity securities | Short-term investments | Derivative instruments | Total | Amounts recognized for: | Insurance reserves | DAC and DSI | (Decrease) increase in amounts recognized | Deferred income taxes | Increase (decrease) in unrealized net capital gains and losses |"}
{"_id": "d8196f3f4", "title": "", "text": "| (Dollars in millions) 2006 2005 2004 | Case reserves reported by ceding companies | Additional case reserves established by the Company (assumed reinsurance) (1) | Case reserves established by the Company (direct insurance) | Incurred but not reported reserves | Gross reserves | Reinsurance receivable | Net reserves |"}
{"_id": "d8c54000c", "title": "", "text": "| 2017 2016 2015 | Cash and cash equivalents at beginning of year | Operating activities | Net earnings | Non-cash adjustments | Changes in working capital | Other, net | Net cash provided by operating activities | Net cash used for investing activities | Net cash (used for) provided by financing activities | Net change in cash and cash equivalents | Cash and cash equivalents at end of year |"}
{"_id": "d8ea045f0", "title": "", "text": "(1) Includes JW Marriott, The Ritz-Carlton, W Hotels, The Luxury Collection, St.  Regis, and EDITION.\n(2) Includes Marriott Hotels, Sheraton, Westin, Renaissance, Autograph Collection, Delta Hotels, Gaylord Hotels, Le Méridien, and Tribute Portfolio.\n(3) Includes Composite North American Luxury and Composite North American Upper Upscale.\n(4) Includes Courtyard, Residence Inn, Fairfield Inn & Suites, SpringHill Suites, Four Points, TownePlace Suites, and AC Hotels by Marriott.\nSystemwide also includes Aloft and Element.\n(5) Includes North American Full-Service and Composite North American Limited-Service\nThe $449 million increase in franchise fees primarily reflected $346 million of higher Legacy-Starwood fees, $54 million from Legacy-Marriott unit growth, $18 million from Legacy-Marriott RevPAR growth, $14 million of higher Legacy-Marriott branding fees, $11 million of higher Legacy-Marriott relicensing fees, and $7 million of higher fees from Legacy-Marriott properties that converted from managed to franchised.\nThe $182 million increase in incentive management fees primarily reflected $159 million of higher Legacy-Starwood fees and $22 million from higher net house profits at Legacy-Marriott managed hotels.\nIn 2017, we earned incentive management fees from 71 percent of our managed properties.\nIn North America, we earned incentive management fees from 60 percent of our managed properties.\nOutside North America, we earned incentive management fees from 80 percent of our managed properties, representing 62 percent of our total incentive management fees in 2017 from managed properties."}
{"_id": "d8776310e", "title": "", "text": "| Twelve Months Ended December 31, | 2018 | (In millions) | Weighted-average shares outstanding (basic) | Effect of dilutive securities: | Stock options and restricted stock units | Weighted-average shares outstanding (diluted) |"}
{"_id": "d8a6a4026", "title": "", "text": "(i) Includes depreciation and amortization related to discontinued operations of $0.9 million and $1.3 million for the years ended December 31, 2013 and 2012, respectively.\n(ii) Includes interest expense related to discontinued operations of $3.3 million and $1.6 million for the years ended December 31, 2013 and 2012, respectively.\n(iii) Includes provision for income taxes related to discontinued operations of $1.3 million and $1.0 million for the years ended December 31, 2013 and 2012, respectively.\n(iv) Includes EBITDA related to discontinued operations of $7.9 million and $5.6 million for the years ended December 31, 2013 and 2012, respectively.\n(4) In the third quarter of 2015, we elected to early adopt the provisions of Accounting Standards Update (ASU) 2015-03, “Interest – Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.\n” This ASU required that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability instead of separately being recorded in other assets.\nAs of December 31, 2014, deferred financing costs totaling $25.6 million were reclassified from other assets and netted against the related debt liabilities to conform with the 2015 presentation.\nSee Deferred Financing Costs discussion within Note 2 of our Notes to Consolidated Financial Statements set forth in Item 8 of this Annual Report.\nAmounts for 2012 and 2013 have not been reclassified to conform with the presentation in 2014, 2015 and 2016.\nItem 7.\nManagement’s Discussion and Analysis of Financial Condition and Results of Operations Investments – (Continued) surrounding sub-prime residential mortgage concerns.\nIn some instances, an OTTI loss was recorded because, in the Impairment Committee’s judgment, recovery to cost is not likely.\nThe majority of the OTTI losses recorded in 2007 were due to CNA’s lack of intent to hold until an anticipated recovery of cost or maturity.\nFor 2007, 9.0% of the OTTI losses were taken on common and preferred stocks and 41.0% were taken on below investment grade securities.\nFurther information on CNA’s OTTI process is set forth in Note 2 of the Consolidated Financial Statements included under Item 8.\nNet realized investment results increased by $70 million for 2006 compared with 2005.\nThe increase in net realized investment results was primarily driven by improved results in fixed maturity securities, partially offset by increases in interest rate related OTTI losses for which CNA did not assert an intent to hold until an anticipated recovery in value.\nOTTI losses of $101 million were recorded in 2006 primarily in the corporate and other taxable bonds sector.\nOther realized investment gains for the year ended December 31, 2006, included a $37 million pretax gain related to a settlement received as a result of bankruptcy litigation of a major telecommunications corporation.\nOTTI losses of $64 million were recorded in 2005 across various sectors, including an OTTI loss of $20 million related to loans made under a credit facility to a national contractor, that were classified as fixed maturities.\nFor additional information on loans to the national contractor, see Note 22 of the Notes to Consolidated Financial Statements.\nA primary objective in the management of the fixed maturity and equity portfolios is to optimize return relative to underlying liabilities and respective liquidity needs.\nCNA’s views on the current interest rate environment, tax regulations, asset class valuations, specific security issuer and broader industry segment conditions, and the domestic and global economic conditions, are some of the factors that enter into an investment decision.\nCNA also continually monitors exposure to issuers of securities held and broader industry sector exposures and may from time to time adjust such exposures based on its views of a specific issuer or industry sector.\nA further consideration in the management of the investment portfolio is the characteristics of the underlying liabilities and the ability to align the duration of the portfolio to those liabilities to meet future liquidity needs, minimize interest rate risk and maintain a level of income sufficient to support the underlying insurance liabilities.\nFor portfolios where future liability cash flows are determinable and long term in nature, CNA segregates investments for asset/liability management purposes.\nThe segregated investments support liabilities primarily in the Life & Group Non-Core segment including annuities, structured benefit settlements and long term care products.\nThe remaining investments are managed to support the Standard Lines, Specialty Lines and Other Insurance segments.\nThe effective durations of fixed maturity securities, short term investments and interest rate derivatives are presented in the table below.\nShort term investments are net of securities lending collateral and accounts payable and receivable amounts for securities purchased and sold, but not yet settled.\nThe segregated investments had an effective duration of 10.7 years and 9.8 years at December 31, 2007 and 2006.\nThe remaining interest sensitive investments had an effective duration of 3.3 years and 3.2 years at December 31, 2007 and 2006.\nThe overall effective duration was 5.1 years and 4.7 years at December 31, 2007 and 2006.\nEffective Durations"}
{"_id": "d8865dae2", "title": "", "text": "| Period Total Number of Shares Purchased  -1 Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Approximate Dollar Value of Shares that May Yet Be Purchased under the Plans or Programs  (Millions) | January 1-31, 2007 | February 1-28, 2007 | March 1-31, 2007 | Total January 1 — March 31, 2007 | April 1-30, 2007 | May 1-31, 2007 | June 1-30, 2007 | Total April 1 — June 30, 2007 | July 1-31, 2007 | August 1-31, 2007 | September 1-30, 2007 | Total July 1 — September 30, 2007 | October 1-31, 2007 | November 1-30, 2007 | December 1-31, 2007 | Total October 1 — Dec. 31, 2007 | Total January 1 — December 31, 2007 |"}
{"_id": "d85dae664", "title": "", "text": "| FES 2013 2012 2011 | (In millions) | Revenues: | Electric sales to affiliates | Other | Expenses: | Purchased power from affiliates | Fuel | Support services | Investment Income: | Interest income from FE | Interest Expense: | Interest expense to affiliates | Interest expense to FE |"}
{"_id": "d8d0d521e", "title": "", "text": "Beginning during fiscal 2008, US financial markets and many of the largest US financial institutions have been shaken by negative developments in the home mortgage industry and the mortgage markets, and particularly the markets for subprime mortgage-backed securities.\nSince that time, these and other such developments have resulted in a broad, global economic downturn.\nWhile we, as is the case with most companies, have experienced the effects of this downturn, we have not experienced any significant issues with our current collection efforts, and we believe that any future impact to our liquidity will be minimized by cash generated by recurring sources of revenue and due to our access to available lines of credit.\nPRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements 4.\nINVESTMENTS (continued) Variable Interest Entities In the normal course of its activities, the Company enters into relationships with various special purpose entities and other entities that are deemed to be variable interest entities (“VIEs”), in accordance with FIN No.46(R), “Consolidation of Variable Interest Entities.\n” A VIE is an entity that either (1) has equity investors that lack certain essential characteristics of a controlling financial interest (including the ability to control the entity, the obligation to absorb the entity’s expected losses and the right to receive the entity’s expected residual returns) or (2) lacks sufficient equity to finance its own activities without financial support provided by other entities, which in turn would be expected to absorb at least some of the expected losses of the VIE.\nIf the Company determines that it stands to absorb a majority of the VIE’s expected losses or to receive a majority of the VIE’s expected residual returns, the Company would be deemed to be the VIE’s “primary beneficiary” and would be required to consolidate the VIE.\nConsolidated Variable Interest Entities The Company is the primary beneficiary of certain VIEs in which the Company has invested, as part of its investment activities, but over which the Company does not exercise control.\nThe table below reflects the carrying amount and balance sheet caption in which the assets of these consolidated VIEs are reported.\nThe liabilities of consolidated VIEs are included in “Other liabilities” and are also reflected in the table below.\nThese liabilities primarily comprise obligations under debt instruments issued by the VIEs, that are non-recourse to the Company.\nThe creditors of each consolidated VIE have recourse only to the assets of that VIE."}
{"_id": "d87a5cc16", "title": "", "text": "(1) The fair value of stock options vested in 2009 excludes the fair value of options that vested as a result of the Merger attributable to precombination service.\nA summary of nonvested RSU and PSU activity (shares in thousands) is as follows:"}
{"_id": "d8b52db6a", "title": "", "text": "| Year Ended December | $ in millions | Compensation and benefits | Brokerage, clearing, exchange anddistribution fees | Market development | Communications and technology | Depreciation and amortization | Occupancy | Professional fees | Insurance reserves1 | Other expenses | Total non-compensation expenses | Total operating expenses | Total staff at period-end | Consolidated Statement of Operations Data | (In millions, except per share amounts) | Total net revenue | Total costs and expenses | Operating income from continuing operations | Total share-based compensation expense included in total costs and expenses | Net income from continuing operations | Net income (loss) from discontinued operations | Net income | Net income per common share: | Basic net income per share from continuing operations | Basic net income (loss) per share from discontinued operations | Basic net income per share | Diluted net income per share from continuing operations | Diluted net income(loss) per share from discontinued operations | Diluted net income per share | Dividends declared per common share |"}
{"_id": "d89fc2cbc", "title": "", "text": "As noted previously, we also sponsor nonqualified defined benefit plans to provide benefits in excess of qualified plan limits.\nThe aggregate liabilities for these plans at December 31, 2006 were $641 million.\nThe expense associated with these plans totaled $59 million in 2006, $58 million in 2005 and $61 million in 2004.\nWe also sponsor a small number of foreign benefit plans.\nThe liabilities and expenses associated with these plans are not material to our results of operations, financial position or cash flows.\nNote 13 – Leases Our total rental expense under operating leases was $310 million, $324 million and $318 million for 2006, 2005 and 2004, respectively.\nFuture minimum lease commitments at December 31, 2006 for all operating leases that have a remaining term of more than one year were $1.1 billion ($288 million in 2007, $254 million in 2008, $211 million in 2009, $153 million in 2010, $118 million in 2011 and $121 million in later years).\nCertain major plant facilities and equipment are furnished by the U. S.  Government under short-term or cancelable arrangements.\nNote 14 – Legal Proceedings, Commitments and Contingencies We are a party to or have property subject to litigation and other proceedings, including matters arising under provisions relating to the protection of the environment.\nWe believe the probability is remote that the outcome of these matters will have a material adverse effect on the Corporation as a whole.\nWe cannot predict the outcome of legal proceedings with certainty.\nThese matters include the following items, all of which have been previously reported: On March 27, 2006, we received a subpoena issued by a grand jury in the United States District Court for the Northern District of Ohio.\nThe subpoena requests documents related to our application for patents issued in the United States and the United Kingdom relating to a missile detection and warning technology.\nWe are cooperating with the government’s investigation.\nOn February 6, 2004, we submitted a certified contract claim to the United States requesting contractual indemnity for remediation and litigation costs (past and future) related to our former facility in Redlands, California.\nWe submitted the claim consistent with a claim sponsorship agreement with The Boeing Company (Boeing), executed in 2001, in Boeing’s role as the prime contractor on the Short Range Attack Missile (SRAM) program.\nThe contract for the SRAM program, which formed a significant portion of our work at the Redlands facility, had special contractual indemnities from the U. S.  Air Force, as authorized by Public Law 85-804.\nOn August 31, 2004, the United States denied the claim.\nOur appeal of that decision is pending with the Armed Services Board of Contract Appeals.\nOn August 28, 2003, the Department of Justice (the DoJ) filed complaints in partial intervention in two lawsuits filed under the qui tam provisions of the Civil False Claims Act in the United States District Court for the Western District of Kentucky, United States ex rel.\nNatural Resources Defense Council, et al v.  Lockheed Martin Corporation, et al, and United States ex rel.\nJohn D.  Tillson v.  Lockheed Martin Energy Systems, Inc. , et al.\nThe DoJ alleges that we committed violations of the Resource Conservation and Recovery Act at the Paducah Gaseous Diffusion Plant by not properly handling, storing,"}
{"_id": "d8373b14e", "title": "", "text": "| Notional Amount | (in Gallons | Inception Date | September 22, 2008 | March 17, 2008 | March 17, 2008 | November 5, 2007 | January 26, 2007 | January 26, 2007 | January 26, 2007 | August 29, 2006 |"}
{"_id": "d8a97f656", "title": "", "text": "| As of February 29, 2008 | (In thousands) | Fiscal 2009 | Fiscal 2010 | Fiscal 2011 | Fiscal 2012 | Fiscal 2013 | Fiscal 2014 and thereafter | Total minimum lease payments | Less amounts representing interest | Present value of net minimum capital lease payments |"}
{"_id": "d8c40841e", "title": "", "text": "| December 31, 2010 | Recorded Investment | Debt Service Coverage Ratios | > 1.20x | (In millions) | Loan-to-valueratios: | Less than 65% | 65% to 75% | 76% to 80% | Greater than 80% | Total |"}
{"_id": "d8e29deb0", "title": "", "text": "| Electric Derivatives Gas Derivatives | Number of Energy Contracts(a) | Con Edison | CECONY |"}
{"_id": "d8ad4c450", "title": "", "text": "| Years ended | September 24, 2011 | Options granted | Weighted-average exercise price | Weighted-average grant date fair value | Assumptions: | Risk-free interest rates | Expected life (in years) | Expected volatility | Dividend yield |"}
{"_id": "d8c127722", "title": "", "text": "| 2015 2014 2013 | Allowance for other funds used during construction | Allowance for borrowed funds used during construction | Pension | Years ended December 31, | Service cost | Interest cost | Expected return on plan assets | Amortization of prior service costs/(credits) | Recognized net actuarial loss | Settlement/curtailment/other losses | Net periodic benefit cost | Net periodic benefit cost included in Earnings from operations |"}
{"_id": "d8e7fb9ca", "title": "", "text": "| Multifamily Communities Units | Consolidated | Unconsolidated | Total | Commercial | Consolidated |"}
{"_id": "d8789c552", "title": "", "text": "| Millions of kWhs Delivered Revenues in Millions | Twelve Months Ended | Description | Residential/Religious | Commercial/Industrial | Retail access customers | NYPA, Municipal Agency and other sales | Other operating revenues | Total | Con Edison | (Millions of Dollars) | Electric | Generation | Transmission | Distribution | Gas* | Steam | General | Held for future use | Construction work in progress | Net Utility Plant |"}
{"_id": "d8c29a758", "title": "", "text": "CRITICAL ACCOUNTING ESTIMATES The discussion and analysis of our financial condition and results of operations are based upon our consolidated financial statements, which have been prepared in accordance with GAAP.\nThe preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities.\nThe SEC has defined critical accounting policies as those that are both most important to the portrayal of our financial condition and results and which require our most difficult, complex or subjective judgments or estimates.\nBased on this definition, we believe our critical accounting policies include the policies of revenue recognition, allowance for doubtful accounts, inventory valuation, business combinations, valuation of long-lived assets, share-based compensation, income taxes, goodwill and intangibles, and loss contingencies.\nOn an ongoing basis, we evaluate the judgments and estimates underlying all of our accounting policies.\nThese estimates and the underlying assumptions affect the amounts of assets and liabilities reported, disclosures, and reported amounts of revenues and expenses.\nThese estimates and assumptions are based on our best judgments.\nWe evaluate our estimates and assumptions using historical experience and other factors, including the current economic environment, which we believe to be reasonable under the circumstances.\nWe adjust such estimates and assumptions when facts and circumstances dictate.\nAs future events and their effects cannot be determined with precision, actual results could differ significantly from these estimates."}
{"_id": "d8bfb34c2", "title": "", "text": "| Ameren(a) UE CIPS Genco CILCORP CILCO IP | 2006: | Accumulated deferred income taxes, net liability (asset): | Plant related | Deferred intercompany tax gain/basisstep-up | Regulatory assets (liabilities), net | Deferred benefit costs | Purchase accounting | Leveraged leases | Asset retirement obligation | Other | Total net accumulated deferred income tax liabilities(c) |"}
{"_id": "d8ef7f8f4", "title": "", "text": "EDUCATION Education generated revenues of $105 million during 2012, which represented 2% of our total consolidated revenues.\nEducation is comprised of curriculum-based product and service offerings.\nThis segment generates revenues primarily from subscriptions charged to K-12 schools for access to an online suite of curriculum-based VOD tools, professional development services, digital textbooks and, to a lesser extent, student assessments and publication of hardcopy curriculum-based content.\nOur education business also participates in global brand and content licensing and engages in partnerships with leading non-profits, corporations, foundations and trade associations."}
{"_id": "d8e4cbf8e", "title": "", "text": "| 2016 2015 | December 31, (in millions) | U.S. GAAP nettable derivative payables | Interest rate contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total interest rate contracts | Credit contracts: | OTC | OTC–cleared | Total credit contracts | Foreign exchange contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total foreign exchange contracts | Equity contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total equity contracts | Commodity contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total commodity contracts | Derivative payables with appropriate legal opinions | Derivative payables where an appropriate legal opinion has not been either sought or obtained | Total derivative payables recognized on the Consolidated balance sheets | Collateral not nettable on the Consolidated balance sheets(c)(d)(e) | Net amounts |"}
{"_id": "d88e57fb8", "title": "", "text": "| 2018 2017 | Income taxes recovered through rates | Removal costs recovered through rates | Postretirement benefit liability | Pension and other postretirement benefit balancing accounts | TCJA reserve on revenue | Other | Total regulatory liabilities |"}
{"_id": "d8dded44c", "title": "", "text": "commissions and premium taxes, some of which have been capitalized, more than offset the favorable impact of lower information technology, travel, professional services and advertising expenses, which include the impact of our Operational Excellence initiative.\nThe market improvement which began in the second quarter of 2009 was a key factor in the determination of our expected future gross profits, the increase of which triggered a decrease in DAC and DSI amortization, most significantly in the Retirement Products segment.\nThe increase in our expected future gross profits stemmed primarily from an increase in the market value of our separate account balances, which is attributable, in part, to the improving financial markets.\nOur Insurance Products segment benefited, in the current year, from an increase in amortization of unearned revenue, primarily as a result of our annual review of assumptions that are used in the determination of the amount of amortization recognized.\nThese collective changes in amortization resulted in a $720 million benefit, partially offsetting the declines in operating earnings available to common shareholders discussed above.\nA portion of the decline in operating earnings available to common shareholders was caused by a $200 million reduction in the results of our closed block of business, a specific group of participating life policies that were segregated in connection with the demutualization of MLIC.\nUntil early 2009, the operating earnings of the closed block did not have a full impact on operating earnings as the operating earnings or loss was partially offset by a change in the policyholder dividend obligation, a liability established at the time of demutualization.\nHowever, in early 2009 the policyholder dividend obligation was depleted and, as a result, the total operating earnings or loss related to the closed block for the year ended December 31, 2009 was, and in the future may be a component of operating earnings.\nBusiness growth, from the majority of our businesses, along with net favorable mortality experience, had a positive impact on operating earnings available to common shareholders.\nThese impacts were somewhat dampened by higher benefit utilization in our dental business and mixed claim activity in our Auto & Home segment.\nIn addition, our forward and reverse residential mortgage platform acquisitions in late 2008 benefited Banking, Corporate & Other’s 2009 results."}
{"_id": "d8f34d47c", "title": "", "text": "| 2018 Change 2017 Change 2016 | (millions) | Operating revenues | Fuel and purchased power | SPP network transmission costs | Other operating expenses | Depreciation and amortization | Income from operations | Other income (expense), net | Interest expense | Income tax expense | Equity in earnings of equity method investees, net of income taxes | Net income | Less: Net income attributable to noncontrolling interests | Net income attributable to Evergy, Inc. |"}
{"_id": "d8a355848", "title": "", "text": "| 2011: High Low | January 1, 2011 to March 31, 2011 | April 1, 2011 to June 30, 2011 | July 1, 2011 to September 30, 2011 | October 1, 2011 to December 31, 2011 | 2010: | January 1, 2010 to March 31, 2010 | April 1, 2010 to June 30, 2010 | July 1, 2010 to September 30, 2010 | October 1, 2010 to December 31, 2010 |"}
{"_id": "d8eaff554", "title": "", "text": "Recently Issued Accounting Standards In May 2011, the Financial Accounting Standards Board (?FASB?)\nissued Accounting Standards Update (?ASU?)\nNo.2011-04, ?Amendments to Achieve Common Fair Value Measurement and Disclosure Requirements in U. S.  GAAP and IFRSs?\n(?ASU No.2011-04?\n), which provides guidance about how fair value should be applied where it is already required or permitted under U. S.  GAAP.\nThe ASU does not extend the use of fair value or require additional fair value measurements, but rather provides explanations about how to measure fair value.\nASU No.2011-04 requires prospective application and will be effective for interim and annual reporting periods beginning after December 15, 2011.\nThe Company is currently assessing the impact ASU No.2011-04 will have on its financial statements, but does not expect a significant impact from adoption of the pronouncement.\nIn June 2011, the FASB issued ASU No.2011-05 ?Presentation of Comprehensive Income?\n(?ASU No.2011-05?\n), which eliminates the option to present components of other comprehensive income as part of the statement of changes in equity and requires that all nonowner changes in equity be presented either in a single continuous statement of comprehensive income or in two separate but consecutive statements.\nASU No.2011-05 requires retrospective application.\nThe Company early adopted ASU No.2011-05 and added the Consolidated Statements of Comprehensive Income retrospectively for all reporting periods presented.\nIn September 2011, the FASB issued ASU No.2011-8 ?Intangibles?Goodwill and Other?\n(?ASU No.2011-08?\n), which amends its guidance on the testing of goodwill for impairment allowing entities to perform a qualitative assessment on goodwill impairment to determine whether it is more likely than not (defined as having a likelihood of more than 50 percent) that the fair value of a reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test.\nThis guidance is effective for goodwill impairment tests performed in interim and annual periods for fiscal years beginning after December 15, 2011, with early adoption permitted.\nThe Company is currently assessing the impact ASU No.2011-08 will have on its financial statements, but does not expect a significant impact from adoption of the pronouncement.\nIn December 2011, the FASB issued ASU No.2011-11 ?Balance Sheet?Disclosures about Offsetting Assets and Liabilities?\n(ASU No.2011-11?\n), which requires an entity to disclose both gross and net information about financial instruments, such as sales and repurchase agreements and reverse sale and repurchase agreements and securities borrowing/lending arrangements, and derivative instruments that are eligible for offset in the statement of financial position and/or subject to a master netting arrangement or similar agreement.\nASU No.2011-11 is effective for annual and interim periods beginning on January 1, 2013.\nThe Company is currently assessing the impact ASU No.2011-11 will have on its financial statements, but does not expect a significant impact from adoption of the pronouncement."}
{"_id": "d86b2243a", "title": "", "text": "The Company’s investment sector allocations as a percentage of total fixed maturities have significantly changed since December 31, 2007 primarily due to efforts to reallocate the portfolio to higher quality, risk averse assets, such as U. S.  government/government agencies, and recession resistant sectors, such as consumer non-cyclical, while reducing its exposure to CMBS, financial services and consumer cyclical sectors.\nThe available-for-sale net unrealized loss position increased $12.5 billion since December 31, 2007 primarily as a result of credit spread widening, partially offset by declining interest rates and impairments.\nCredit spreads widened primarily due to continued deterioration in the U. S.  housing market, tightened lending conditions and the market’s flight to quality securities, as well as, a U. S.  recession and a declining global economy.\nDespite steps taken by the government to stabilize the financial system, liquidity and confidence in the markets have not yet been restored.\nThe sectors most significantly impacted include financial services, residential and commercial mortgage backed investments, and consumer loan backed investments.\nThe following sections illustrate the Company’s holdings and provide commentary on these sectors.\nFinancial Services Financial companies remain under significant stress driven initially by the housing market collapse which led to massive asset write-downs, an inability to source capital, funding pressure and a loss of confidence in the financial system.\nNumerous government initiatives were put forth over the course of 2008 to address the seizure in the financial and capital markets, including the injection of capital into financial institutions through the Treasury’s Capital Purchase Program, and the establishment of the FDIC Temporary Liquidity Guarantee Program (“TLGP”) whereby the FDIC guarantees newly issued unsecured debt for participating institutions.\nWhile the government’s efforts have provided some stability, financial institutions remain vulnerable to ongoing asset write-downs, increasing credit losses associated with a deteriorating economy, weak earnings prospects, and potentially the need for additional capital if losses further weaken current capital positions.\nThe Company has exposure to the financial services sector predominantly through banking, insurance and finance firms.\nA comparison of fair value to amortized cost is not indicative of the pricing of individual securities as rating downgrades and impairments have occurred.\nThe following table represents the Company’s exposure to the financial services sector included in the corporate and equity securities, available-for-sale lines in the Consolidated Available-for-Sale Securities by Type table above.\nOf the Company’s $7.9 billion on a fair value basis, $3.4 billion is senior debt, $1.9 billion is subordinate and Tier 2 holdings and $2.6 billion is Tier 1 and preferred exposure.\nThe Company’s exposure to European financial institutions comprises $702 of senior debt, $816 of subordinate and Tier 2 holdings and $875 of Tier 1 and preferred holdings.\nFinancial Services by Credit Quality"}
{"_id": "d8855e150", "title": "", "text": "Cat Financial provides guarantees to repurchase certain loans of Caterpillar dealers from a special-purpose corporation (SPC) that qualifies as a variable interest entity.\nThe purpose of the SPC is to provide short-term working capital loans to Caterpillar dealers.\nThis SPC issues commercial paper and uses the proceeds to fund its loan program.\nCat Financial has a loan purchase agreement with the SPC that obligates Cat Financial to purchase certain loans that are not paid at maturity.\nCat Financial receives a fee for providing this guarantee, which provides a source of liquidity for the SPC.\nCat Financial is the primary beneficiary of the SPC as its guarantees result in Cat Financial having both the power to direct the activities that most significantly impact the SPC’s economic performance and the obligation to absorb losses, and therefore Cat Financial has consolidated the financial statements of the SPC.\nAs of December 31, 2017 and 2016, the SPC’s assets of $1,107 million"}
{"_id": "d8e62557e", "title": "", "text": "| Year Ended December 31 2017 over 2016 2016 over 2015 | ($ in millions) | Sales and service revenues | Segment operating income (loss) | As a percentage of segment sales |"}
{"_id": "d897ab286", "title": "", "text": "| December 31 | 2004 | Projected benefit obligations | Accumulated benefit obligations | Fair value of plan assets |"}
{"_id": "d87228de2", "title": "", "text": "| 2013 | Labor-related deemed claim -1 | Aircraft and facility financing renegotiations and rejections -2, -3 | Fair value of conversion discount -4 | Professional fees | Other | Total reorganization items, net |"}
{"_id": "d8c1c8c9e", "title": "", "text": "| 2012 2011 | (in millions) | Receive primarily U.S. dollars in exchange for the following currencies: | Euro | British pound | Japanese yen | Canadian dollar | All other currencies | Total |"}
{"_id": "d827068f0", "title": "", "text": "| Dollars in millions 2012 2011 | January 1 | Total net charge-offs | Provision for credit losses | Net change in allowance for unfunded loan commitments and letters of credit | Other | December 31 | Net charge-offs to average loans (for the year ended) | Allowance for loan and lease losses to total loans | Commercial lending net charge-offs | Consumer lending net charge-offs | Total net charge-offs | Net charge-offs to average loans (for the year ended) | Commercial lending | Consumer lending | At or for the year ended December 31 | Dollars in millions, except as noted | Balance Sheet Highlights | Assets | Loans | Allowance for loan and lease losses | Interest-earning deposits with banks (a) | Investment securities | Loans held for sale | Equity investments (b) | Mortgage servicing rights | Goodwill | Other assets | Noninterest-bearing deposits | Interest-bearing deposits | Total deposits | Borrowed funds (c) | Total shareholders’ equity | Common shareholders’ equity | Accumulated other comprehensive income (loss) | Period-end common shares outstanding (millions) | Loans to deposits | Client Assets(billions) | Discretionary client assets under management | Nondiscretionary client assets under administration | Total client assets under administration | Brokerage account client assets | Total | Capital Ratios (d) (e) | Basel III (f) | Common equity Tier 1 | Tier 1 risk-based | Total capital risk-based | Transitional Basel III | Common equity Tier I | Tier 1 risk-based capital | Other Selected Ratios | Dividend payout | Common shareholders’ equity to total assets | Average common shareholders’ equity to average assets | Selected Statistics | Employees | Retail Banking branches | ATMs |"}
{"_id": "d82200bbc", "title": "", "text": "Ball Corporation and Subsidiaries Notes to Consolidated Financial Statements 16.\nStock-Based Compensation Programs (continued) To encourage certain senior management employees and outside directors to invest in Ball stock, Ball adopted a deposit share program in March 2001 (subsequently amended and restated in April 2004) that matches purchased shares with restricted shares.\nIn general, restrictions on the matching shares lapse at the end of four years from date of grant, or earlier in stages if established share ownership guidelines are met, assuming the relevant qualifying purchased shares are not sold or transferred prior to that time.\nGrants under the plan are accounted for as equity awards and compensation expense is recorded based upon the closing market price of the shares at the grant date.\nThe company recorded $0.4 million, $1.6 million and $3.8 million of expense in connection with this program in 2010, 2009 and 2008, respectively.\nThe companys board of directors grants performance-contingent restricted stock units to key employees, which will cliffvest if the companys return on average invested capital during a 36-month performance period is equal to or exceeds the companys cost of capital.\nIf the performance goals are not met, the shares will be forfeited.\nCurrent assumptions are that the performance targets will be met and, accordingly, grants under the plan are being accounted for as equity awards and compensation expense is recorded based upon the closing market price of the shares at the grant date.\nOn a quarterly basis, the company reassesses the probability of the goals being met and adjusts compensation expense as appropriate.\nNo such adjustment was considered necessary at the end of 2010 for any grants.\nRestricted stock units granted under this program included 362,300 units in January 2010, 386,900 units in January 2009 and 493,300 units in April 2008.\nThe expense associated with the performance-contingent grants totaled $9.5 million, $9.9 million and $6.2 million in 2010, 2009 and 2008, respectively.\nFor the years ended December 31, 2010, 2009 and 2008, the company recognized in selling, general and administrative expenses pretax expense of $24.4 million ($14.9 million after tax), $26.5 million ($16.0 million after tax) and $20.5 million ($12.4 million after tax), respectively, for share-based compensation arrangements.\nAt December 31, 2010, there was $35.9 million of total unrecognized compensation cost related to nonvested share-based compensation arrangements.\nThis cost is expected to be recognized in earnings over a weighted average period of 2.3 years.\nIn connection with the employee stock purchase plan, the company contributes 20 percent of up to $500 of each participating employees monthly payroll deduction toward the purchase of Ball Corporation common stock.\nCompany contributions for this plan were $3.2 million in 2010, $3.0 million in 2009 and $3.2 million in 2008.17."}
{"_id": "d8ac57554", "title": "", "text": "| Termination benefits Facility closure and other exit costs Total | (Dollars in thousands) | Balance at December 31, 2015 | Subsequent accruals | Cash payments | Balance at December 31, 2016 | Subsequent accruals | Cash payments | Balance at December 31, 2017 |"}
{"_id": "d87f0c324", "title": "", "text": "| December 31,2015 September 30,2015 December 31,2014 | AAA/AA/A | BBB | BB/B | CCC or below | Total |"}
{"_id": "d88dcb874", "title": "", "text": "(1) Total debt obligations include long-term debt, capital lease obligations, short-term debt and current maturities of long-term debt and capital lease obligations.\nItem 7.\nMANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion of historical results of operations and financial condition should be read in conjunction with the audited financial statements and the notes thereto which appear elsewhere in this report.\nOverview PCA is the fifth largest producer of containerboard and corrugated products in the United States, based on production capacity.\nWe operate four containerboard mills and 67 corrugated products manufacturing plants throughout the United States.\nApproximately 80% of the containerboard tons produced at our mills are consumed in our corrugated products manufacturing plants.\nThe remaining 20% is sold to domestic customers or the export market.\nWe produce a wide variety of corrugated products ranging from basic corrugated shipping containers to specialized packaging such as wax-coated boxes for the agriculture industry.\nWe also have multi-color printing capabilities to make high-impact graphics boxes and displays that offer our customers more attractive packaging."}
{"_id": "d8873b180", "title": "", "text": "| Amount % B/(W) | 2010 | China Division | YRI | United States | Unallocated Franchise and license fees and income | Unallocated Occupancy and Other | Unallocated and corporate expenses | Unallocated Impairment expense | Unallocated Other income (expense) | Unallocated Refranchising gain (loss) | Operating Profit | United States operating margin | YRI operating margin |"}
{"_id": "d829ed99c", "title": "", "text": "| Three Months Ended March 31 | 2005 | (Dollars in millions) | Operating activities | Net income | Reconciliation of net income to net cash provided by (used in) operating activities: | Provision for credit losses | Gains on sales of debt securities | Depreciation and premises improvements amortization | Amortization of intangibles | Deferred income tax benefit | Net increase in trading and derivative instruments | Net (increase) decrease in other assets | Net decrease in accrued expenses and other liabilities | Other operating activities, net | Net cash used in operating activities | Investing activities | Net (increase) decrease in time deposits placed and other short-term investments | Net (increase) decrease in federal funds sold and securities purchased under agreements to resell | Proceeds from sales of available-for-sale securities | Proceeds from maturities of available-for-sale securities | Purchases of available-for-sale securities | Proceeds from maturities of held-to-maturity securities | Proceeds from sales of loans and leases | Other changes in loans and leases, net | Additions to mortgage servicing rights, net | Net purchases of premises and equipment | Proceeds from sales of foreclosed properties | Net cash paid for business acquisitions | Other investing activities, net | Net cash used in investing activities | Financing activities | Net increase in deposits | Net increase in federal funds purchased and securities sold under agreements to repurchase | Net increase in commercial paper and other short-term borrowings | Proceeds from issuance of long-term debt | Retirement of long-term debt | Proceeds from issuance of common stock | Common stock repurchased | Cash dividends paid | Other financing activities, net | Net cash provided by financing activities | Effect of exchange rate changes on cash and cash equivalents | Net decrease in cash and cash equivalents | Cash and cash equivalents at January 1 | Cash and cash equivalents at March 31 |"}
{"_id": "d87821a96", "title": "", "text": "| Year ended December 31Dollars in millions 2011 2010 | Net interest income | Net interest margin |"}
{"_id": "d81e4fb4e", "title": "", "text": "| As of December 31, Notional amounts(a) Derivative receivables MTM | (in billions) | Interest rate | Foreign exchange | Equity | Credit derivatives | Commodity | Total | Collateral held againstderivative receivables | Exposure net of collateral |"}
{"_id": "d8b41480a", "title": "", "text": "Cash Flows from Financing Activities 2013 versus 2012 In 2013, we reduced our cost of borrowings through the repayment and redemption of long-term indebtedness, which had higher interest rates than the commercial paper and senior secured debt issued to finance such repayments and redemptions.\nDuring 2013, issuances under the Ameren and Ameren Missouri commercial paper programs were available at a lower interest rate than the interest rate available under the 2012 Credit Agreements.\nAmerens net cash used in financing activities associated with continuing operations decreased during 2013 compared with 2012.\nIn 2013, Amerens cash flow from operating activities of $1.6 billion exceeded its capital expenditures of $1.4 billion while in 2012 Amerens cash flow from operating activities of $1.4 billion exceeded its capital expenditures of $1.1 billion.\nDuring 2013, Ameren used cash flow from operating activities, other available cash on hand, and commercial paper issuances in part, to pay common stock dividends of $388 million, redeem $244 million of long-term Ameren Missouri indebtedness, and fund the $235 million cash requirement at divested New AER upon divestiture on December 2, 2013, pursuant to the transaction agreement with IPH.\nIn addition, Ameren Illinois issued $280 million in senior secured debt and used the net proceeds of $276 million to repay at maturity $150 million of long-term indebtedness.\nIn comparison, in 2012, Ameren subsidiaries issued $885 million in senior debt and used the proceeds, together with other available cash, to redeem or repay existing long-term indebtedness of $754 million and pay related premiums.\nAdditionally, in 2012, Ameren repaid $148 million of its net short-term debt.\nDuring 2013, no financing cash flows were utilized to meet the working capital and investing requirements of our discontinued operations.\nAmeren Missouris net cash used in financing activities increased during 2013, compared with 2012.\nAmeren Missouri used cash on hand, net money pool receipts, and the excess cash from operating activities after capital expenditures, to redeem or repay existing long-term indebtedness of $244 million and pay common stock dividends of $460 million.\nIn comparison, in 2012, Ameren Missouri issued $485 million of 3.90% senior secured notes and used the proceeds, together with other available cash, to redeem or repay existing long-term indebtedness of $422 million and to pay related premiums.\nAmeren Illinois financing activities provided net cash of $45 million in 2013 compared with 2012, when financing activities used net cash of $103 million.\nDuring 2013, Ameren Illinois issued $280 million in senior secured debt and used the net proceeds of $276 million to repay at maturity $150 million of long-term indebtedness, and pay"}
{"_id": "d8f54886c", "title": "", "text": "| Years Ended December 31, | 2015 | Statutory net income | P&C companies | Life and Health companies | Total statutory net income-1 | December 31, | 2015 | Statutory capital and surplus | P&C companies | Life and Health companies | Total statutory capital and surplus |"}
{"_id": "d8788d71e", "title": "", "text": "| High Low Dividends Declared | Period from August 17, 2004 to September 30, 2004 | Quarter Ended December 31, 2004 | Quarter Ended March 31, 2005 | Quarter Ended June 30, 2005 | Quarter Ended September 30, 2005 | Quarter Ended December 31, 2005 |"}
{"_id": "d8e20241a", "title": "", "text": "| Key Performance IndicatorsTwelve Months EndedDecember 31, | 2015 | (In millions, except per share data) | Operating revenue | Operating revenue change | Operating income | Operating margin | Net income attributable to Equifax | Diluted earnings per share from continuing operations | Cash provided by operating activities | Capital expenditures |"}
{"_id": "d8c08eae0", "title": "", "text": "| 2010 2009 2008 Since inception through December 31, 2010 | Facility and other exit costs | Employee severance, termination benefits and relocation costs | Exited contractual commitments and other | $77.5 |"}
{"_id": "d8afbdd56", "title": "", "text": "CORPORATE AND OTHER Certain corporate and other charges are reported as a separate line item within total segment operating income and include corporate office expenses, as well as shared service center and certain other centrally managed expenses that are not fully allocated to operating divisions.\nSalaries and related expenses include salaries, long-term incentives, annual bonuses and other miscellaneous benefits for corporate office employees.\nOffice and general expenses primarily include professional fees related to internal control compliance, financial statement audits and legal, information technology and other consulting services that are engaged and managed through the corporate office.\nOffice and general expenses also include rental expense and depreciation of leasehold improvements for properties occupied by corporate office employees.\nA portion of centrally managed expenses are allocated to operating divisions based on a formula that uses the planned revenues of each of the operating units.\nAmounts allocated also include specific charges for information technology-related projects, which are allocated based on utilization.\nCorporate and other expenses decreased during 2017 by $20.6 to $126.6 compared to 2016, primarily due to lower annual incentive expense.\nCorporate and other expenses increased during 2016 by $5.4 to $147.2 compared to 2015."}
{"_id": "d89cb99f8", "title": "", "text": "Other Income (Expense), Net Items recorded to \"Other income (expense), net\" arise from transactions and events not directly related to our principal income earning activities.\nThe detail of \"Other income (expense), net\" is presented in Note 23, Supplemental Information, to the consolidated financial statements.2018 vs.  2017 Other income (expense), net of $50.2 decreased $70.8, primarily due to lower income from the transition services agreements with Versum and Evonik, lower income from the sale of assets and investments, lower favorable contract settlements, and an unfavorable foreign exchange impact.2017 vs.  2016 Other income (expense), net of $121.0 increased $71.6, primarily due to income from transition services agreements with Versum and Evonik, income from the sale of assets and investments, including a gain of $12.2 ($7.6 after-tax, or $.03 per share) resulting from the sale of a parcel of land, and a favorable foreign exchange impact."}
{"_id": "d87ee56de", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements The APEX Trusts and the 2012 Trusts are Delaware statutory trusts sponsored by the firm and wholly-owned finance subsidiaries of the firm for regulatory and legal purposes but are not consolidated for accounting purposes.\nThe firm has covenanted in favor of the holders of Group Inc. ’s 6.345% junior subordinated debt due February 15, 2034, that, subject to certain exceptions, the firm will not redeem or purchase the capital securities issued by the APEX Trusts or shares of Group Inc. ’s Series E or Series F Preferred Stock prior to specified dates in 2022 for a price that exceeds a maximum amount determined by reference to the net cash proceeds that the firm has received from the sale of qualifying securities.\nJunior Subordinated Debt Issued in Connection with Trust Preferred Securities.\nGroup Inc.  issued $2.84 billion of junior subordinated debt in 2004 to Goldman Sachs Capital I (Trust), a Delaware statutory trust.\nThe Trust issued $2.75 billion of guaranteed preferred beneficial interests (Trust Preferred Securities) to third parties and $85 million of common beneficial interests to Group Inc.  and used the proceeds from the issuances to purchase the junior subordinated debt from Group Inc.  During 2014 and the first quarter of 2015, the firm purchased $1.43 billion (par amount) of Trust Preferred Securities and delivered these securities, along with $44.2 million of common beneficial interests, to the Trust in exchange for a corresponding par amount of the junior subordinated debt.\nFollowing the exchanges, these Trust Preferred Securities, common beneficial interests and junior subordinated debt were extinguished.\nSubsequent to these extinguishments, the outstanding par amount of junior subordinated debt held by the Trust was $1.36 billion and the outstanding par amount of Trust Preferred Securities and common beneficial interests issued by the Trust was $1.32 billion and $40.8 million, respectively.\nThe Trust is a wholly-owned finance subsidiary of the firm for regulatory and legal purposes but is not consolidated for accounting purposes.\nThe firm pays interest semi-annually on the junior subordinated debt at an annual rate of 6.345% and the debt matures on February 15, 2034.\nThe coupon rate and the payment dates applicable to the beneficial interests are the same as the interest rate and payment dates for the junior subordinated debt.\nThe firm has the right, from time to time, to defer payment of interest on the junior subordinated debt, and therefore cause payment on the Trust’s preferred beneficial interests to be deferred, in each case up to ten consecutive semi-annual periods.\nDuring any such deferral period, the firm will not be permitted to, among other things, pay dividends on or make certain repurchases of its common stock.\nThe Trust is not permitted to pay any distributions on the common beneficial interests held by Group Inc.  unless all dividends payable on the preferred beneficial interests have been paid in full."}
{"_id": "d88cba89a", "title": "", "text": "| Year Ended December 31, | 2014 | (In millions) | Beginning balance | Net changes in prices and production costs | Oil, bitumen, gas and NGL sales, net of production costs | Changes in estimated future development costs | Extensions and discoveries, net of future development costs | Purchase of reserves | Sales of reserves in place | Revisions of quantity estimates | Previously estimated development costs incurred during the period | Accretion of discount | Other, primarily changes in timing and foreign exchange rates | Net change in income taxes | Ending balance |"}
{"_id": "d88e61c98", "title": "", "text": "interest rate to a variable interest rate based on the three-month LIBOR plus 2.05% (2.34% as of October 31, 2009).\nIf LIBOR changes by 100 basis points, our annual interest expense would change by $3.8 million.\nForeign Currency Exposure As more fully described in Note 2i.\nin the Notes to Consolidated Financial Statements contained in Item 8 of this Annual Report on Form 10-K, we regularly hedge our non-U.\nS.  dollar-based exposures by entering into forward foreign currency exchange contracts.\nThe terms of these contracts are for periods matching the duration of the underlying exposure and generally range from one month to twelve months.\nCurrently, our largest foreign currency exposure is the Euro, primarily because our European operations have the highest proportion of our local currency denominated expenses.\nRelative to foreign currency exposures existing at October 31, 2009 and November 1, 2008, a 10% unfavorable movement in foreign currency exchange rates over the course of the year would not expose us to significant losses in earnings or cash flows because we hedge a high proportion of our year-end exposures against fluctuations in foreign currency exchange rates.\nThe market risk associated with our derivative instruments results from currency exchange rate or interest rate movements that are expected to offset the market risk of the underlying transactions, assets and liabilities being hedged.\nThe counterparties to the agreements relating to our foreign exchange instruments consist of a number of major international financial institutions with high credit ratings.\nWe do not believe that there is significant risk of nonperformance by these counterparties because we continually monitor the credit ratings of such counterparties.\nWhile the contract or notional amounts of derivative financial instruments provide one measure of the volume of these transactions, they do not represent the amount of our exposure to credit risk.\nThe amounts potentially subject to credit risk (arising from the possible inability of counterparties to meet the terms of their contracts) are generally limited to the amounts, if any, by which the counterparties obligations under the contracts exceed our obligations to the counterparties."}
{"_id": "d86e8e04c", "title": "", "text": "| (Losses) Earnings At December 31, | (in millions) | Currency translation adjustments | Pension and other benefits | Derivatives accounted for as hedges | Total accumulated other comprehensive losses |"}
{"_id": "d861f425a", "title": "", "text": "| As of December 31, 2011 | Ownership | (In percentages) | InfraServ GmbH & Co. Gendorf KG | InfraServ GmbH & Co. Knapsack KG | InfraServ GmbH & Co. Hoechst KG |"}
{"_id": "d8b3ef14a", "title": "", "text": "| (In millions) 2009 2008 2007 | Foreign currency translation | Net unrealized loss on hedges of net investments in non-U.S. subsidiaries | Net unrealized loss on available-for-sale securities | Net unrealized loss on fair value hedges of available-for-sale securities | Losses from other-than-temporary impairment on available-for-sale securities related to factors other than credit | Losses from other-than-temporary impairment on held-to-maturity securities related to factors other than credit | Minimum pension liability | Net unrealized loss on cash flow hedges | Total |"}
{"_id": "d8eed08d6", "title": "", "text": "The increase in our gross profit margin for 2012, as compared to 2011, is primarily the result of cost reductions from our restructuring and other process improvement programs.\nOur gross margin was negatively impacted by declines in average selling prices related primarily to sales of our drug-eluting stent and CRM products; however, these declines were largely offset by the full conversion to our internally-developed and self-manufactured next-generation PROMUS? Element? stent system during 2012.\nOur PROMUS? Element? stent system has significantly higher gross margins than the prior generation PROMUS? stent system, which was supplied to us by Abbott Laboratories.\nAdditionally, affecting our year over year comparison of year to date gross margin was the impact of a one-time $50 million credit to cost of products sold, related to a two-year retroactive pricing adjustment pursuant to our PROMUS? supply arrangement with Abbott and product transition-related inventory charges of $54 million recorded in 2011, discussed further below."}
{"_id": "d899fdaf2", "title": "", "text": "Provision for Income Taxes The Company’s effective tax rates were approximately 24.2%, 24.4% and 31.8% for 2011, 2010 and 2009, respectively.\nThe Company’s effective rates for these periods differ from the statutory federal income tax rate of\n(4) Includes securities related to the Build America Bonds program.\n(5) Excluded from the table above are securities held outside the general account in other entities and operations.\nFor additional information regarding investments held outside the general account, see “—Invested Assets of Other Entities and Operations” below.\nAlso excluded from the table above are fixed maturity securities classified as trading.\nSee “—Trading Account Assets Supporting Insurance Liabilities” and “—Other Trading Account Assets” for additional information.\nThe increase in net unrealized gains from December 31, 2015 to December 31, 2016, was primarily due to a net increase in fair value driven by a decrease in interest rates in Japan and credit spread tightening."}
{"_id": "d8b865a94", "title": "", "text": "| 2008 2007 2006 | Income | (Shares and dollars in thousands, except per share amounts) | Income from continuing operations | Less: Dividend requirements on preferred stock | Basic earnings per share | Earnings available to common shareholders | Effect of dilutive securities: | Convertible senior notes | 401(k) equity awards | Stock options | Diluted earnings per share | Earnings available to common shareholders and assumed conversions |"}
{"_id": "d89c3809c", "title": "", "text": "| Years Ended December 31, | 2010 | GAAP | (in millions, except percentages) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Pretax income |"}
{"_id": "d8779f852", "title": "", "text": "(1) Exposure includes standby letters of credit, financial guarantees, commercial letters of credit and bankers acceptances for which the bank is legally bound to advance funds under prescribed conditions, during a specified period.\nAlthough funds have not been advanced, these exposure types are considered utilized for credit risk management purposes.\n(2) Total commercial utilized exposure at December 31, 2007 includes loans and issued letters of credit measured at fair value in accordance with SFAS 159 and is comprised of loans outstanding of $4.59 billion and letters of credit at notional value of $1.1 billion.\n(3) Total commercial unfunded exposure at December 31, 2007 includes loan commitments measured at fair value in accordance with SFAS 159 with a notional value of $19.8 billion.\n(4) Excludes unused business card lines which are not legally binding.\n(5) Derivative assets are reported on a mark-to-market basis, reflect the effects of legally enforceable master netting agreements, and have been reduced by cash collateral of $12.8 billion and $7.3 billion at December 31, 2007 and 2006.\nIn addition to cash collateral, derivative assets are also collateralized by $8.5 billion and $7.6 billion of primarily other marketable securities at December 31, 2007 and 2006 for which credit risk has not been reduced.\n(6) Total commercial committed exposure consists of $23.9 billion"}
{"_id": "d8b2d57b4", "title": "", "text": "| 2018 2017 2016 | Pension expense – Continuing operations | Settlements, termination benefits, and curtailments (included above) | Weighted average discount rate – Service cost | Weighted average discount rate – Interest cost | Weighted average expected rate of return on plan assets | Weighted average expected rate of compensation increase |"}
{"_id": "d8f40b4f4", "title": "", "text": "| At July 31, 2018 At July 31, 2017 | (In millions) | Assets: | Cash equivalents, primarily money market funds and savings deposit accounts | Available-for-sale debt securities: | Municipal bonds | Municipal auction rate securities | Corporate notes | U.S. agency securities | Total available-for-sale securities | Total assets measured at fair value on a recurring basis |"}
{"_id": "d87068a48", "title": "", "text": "| 2013 2012 2011 | Balance at beginning of year | Additions charged to expense | Accounts written-off | Balance at end of year |"}
{"_id": "d8def81c0", "title": "", "text": "| Year Ended December 31, 2016 2015 2014 | INTEREST- RATE CONTRACTS | Truck, Parts and Other: | Net sales and revenues | Cost of sales and revenues | Interest and other expense, net | Financial Services: | Interest and other borrowing expenses | Selling, general and administrative | $.1 |"}
{"_id": "d8dd215d6", "title": "", "text": "| Fiscal2013 Fiscal2012 Fiscal2011 % Change2013-2012 % Change2012-2011 | Product | Percentage of total revenue | Subscription | Percentage of total revenue | Services and support | Percentage of total revenue | Total cost of revenue |"}
{"_id": "d8623ce38", "title": "", "text": "| Name of Beneficial Owner Shares of Common Stock Beneficially Owned-1 Percent of Common Stock Outstanding | Fidelity Investments | AllianceBernstein LP | Steven P. Jobs | William V. Campbell | Timothy D. Cook | Millard S. Drexler | Albert A. Gore, Jr. | Ronald B. Johnson | Arthur D. Levinson | Peter Oppenheimer | Philip W. Schiller | Eric E. Schmidt | Jerome B. York | All current executive officers and directors as a group (15 persons) |"}
{"_id": "d81b36264", "title": "", "text": "| (in millions) First Quarter Second Quarter Third Quarter Fourth Quarter Total | 2017 | Costs to Achieve Piedmont Merger (see Note 2) | Regulatory Settlements (see Note 4) | Commercial Renewables Impairments (see Notes 10 and 11) | Impacts of the Tax Act (see Note 22) | Total | 2016 | Costs to Achieve Mergers (see Note 2) | Commercial Renewables Impairment (see Note 12) | Loss on Sale of International Disposal Group (see Note 2) | Impairment of Assets in Central America (see Note 2) | Cost Savings Initiatives (see Note 19) | Total |"}
{"_id": "d86de5820", "title": "", "text": "| Year Ended December 31, | 2006 | Reconstructive | Knees | Hips | Extremities | Dental | Total | Trauma | Spine | OSP and other | Total |"}
{"_id": "d87f3c42a", "title": "", "text": "Interest Expense Interest expense for the year ended December 31, 2015 was approximately $122.3 million, a decrease of $1.6 million from the year ended December 31, 2014.\nThe decrease was primarily the result of a decrease in amortization of deferred financing cost from the year ended December 31, 2014 to the year ended December 31, 2015 of approximately $0.9 million.\nAlso, the overall debt balance decreased from $3.5 billion to $3.4 billion, a decrease of $85.1 million.\nThe average effective interest rate remained at 3.7% and the average years to rate maturity increased from 4.4 years to 4.8 years."}
{"_id": "d8a5e5b62", "title": "", "text": "| December 31,(in millions) 2012 2011 | Securities purchased under resale agreements(a) | Securities borrowed(b) | Securities sold under repurchase agreements(c) | Securities loaned(d) |"}
{"_id": "d8e350e52", "title": "", "text": "Foodservice sales volumes increased in 2012 compared with 2011.\nAverage sales margins were higher reflecting the realization of sales price increases for the pass-through of earlier cost increases.\nRaw material costs for board and resins were lower.\nOperating costs and distribution costs were both higher.\nThe U. S.  Shorewood business was sold December 31, 2011 and the non-U.\nS.  business was sold in January 2012.\nLooking ahead to the first quarter of 2013, Coated Paperboard sales volumes are expected to increase slightly from the fourth quarter of 2012.\nAverage sales price realizations are expected to be slightly lower, but margins should benefit from a more favorable product mix.\nInput costs are expected to be higher for energy and wood.\nNo planned maintenance outages are scheduled in the first quarter.\nIn January 2013 the Company announced the permanent shutdown of a coated paperboard machine at the Augusta mill with an annual capacity of 140,000 tons.\nFoodservice sales volumes are expected to increase.\nAverage sales margins are expected to decrease due to the realization of sales price decreases effective with our January contract openers.\nInput costs for board and resin are expected to be lower and operating costs are also expected to decrease.\nEuropean Consumer Packaging net sales in 2012 were $380 million compared with $375 million in 2011 and $345 million in 2010.\nOperating profits in 2012 were $99 million compared with $93 million in 2011 and $76 million in 2010.\nSales volumes in 2012 increased from 2011.\nAverage sales price realizations were higher in Russian markets, but were lower in European markets.\nInput costs decreased, primarily for wood, and planned maintenance downtime costs were lower in 2012 than in 2011.\nLooking forward to the first quarter of 2013, sales volumes are expected to decrease in both Europe and Russia.\nAverage sales price realizations are expected to be higher in Russia, but be more than offset by decreases in Europe.\nInput costs are expected to increase for wood and chemicals.\nNo maintenance outages are scheduled for the first quarter.\nAsian Consumer Packaging net sales were $830 million in 2012 compared with $855 million in 2011 and $705 million in 2010.\nOperating profits in 2012 were $4 million compared with $35 million in 2011 and $34 million in 2010.\nSales volumes increased in 2012 compared with 2011 partially due to the start-up of a new coated paperboard machine.\nAverage sales price realizations were significantly lower, but were partially offset by lower input costs for purchased pulp.\nStart-up costs for a new coated paperboard machine adversely impacted operating profits in 2012.\nIn the first quarter of 2013, sales volumes are expected to increase slightly.\nAverage sales price realizations for folding carton board and bristols board are expected to be lower reflecting increased competitive pressures and seasonally weaker market demand.\nInput costs should be higher for pulp and chemicals.\nHowever, costs related to the ramp-up of the new coated paperboard machine should be lower.\nDistribution xpedx, our distribution business, is one of North Americas leading business-to-business distributors to manufacturers, facility managers and printers, providing customized solutions that are designed to improve efficiency, reduce costs and deliver results.\nCustomer demand is generally sensitive to changes in economic conditions and consumer behavior, along with segment specific activity including corporate advertising and promotional spending, government spending and domestic manufacturing activity.\nDistributions margins are relatively stable across an economic cycle.\nProviding customers with the best choice for value in both products and supply chain services is a key competitive factor.\nAdditionally, efficient customer service, cost-effective logistics and focused working capital management are key factors in this segments profitability."}
{"_id": "d8616f6a4", "title": "", "text": "| Amount (In Millions) | 2010 net revenue | Mark-to-market tax settlement sharing | Purchased power capacity | Net wholesale revenue | Volume/weather | ANO decommissioning trust | Retail electric price | Other | 2011 net revenue |"}
{"_id": "d8a5e5a54", "title": "", "text": "| Year ended December 31,(in millions) 2012 2011 2010 | Asset management | Investment management fees | All other asset management fees | Total asset management fees | Total administration fees(a) | Commission and other fees | Brokerage commissions | All other commissions and fees | Total commissions and fees | Total asset management, administration and commissions |"}
{"_id": "d87b2254c", "title": "", "text": "| Components of change during 2006 Change | 2005 | Total | Domestic | International |"}
{"_id": "d885114f4", "title": "", "text": "| 2010 2009 | (in millions of U.S. dollars) | Property and all other | Case reserves | Loss expenses | IBNR reserves | Subtotal | Casualty | Case reserves | Loss expenses | IBNR reserves | Subtotal | A&H | Case reserves | Loss expenses | IBNR reserves | Subtotal | Total | Case reserves | Loss expenses | IBNR reserves | Total |"}
{"_id": "d8a5582d0", "title": "", "text": "| 2014 2013 | Vehicles | Aircraft | Land | Buildings | Building and leasehold improvements | Plant equipment | Technology equipment | Equipment under operating leases | Construction-in-progress | 40,620 | Less: Accumulated depreciation and amortization | $18,281 |"}
{"_id": "d8665d454", "title": "", "text": "| December 31, | 2016 | (tons in thousands) | Ammonia-1 | Granular urea | UAN -32% | AN | 2017 | Weighted-average assumptions: | Expected term of stock options | Expected volatility | Risk-free interest rate | Expected dividend yield | Weighted-average grant date fair value |"}
{"_id": "d8f72f0e0", "title": "", "text": "Goodwill is reviewed annually during the fourth quarter for impairment.\nIn addition, the Company performs an impairment analysis of other intangible assets based on the occurrence of other factors.\nSuch factors include, but are not limited to, significant changes in membership, state funding, medical contracts and provider networks and contracts.\nAn impairment loss is recognized if the carrying value of intangible assets exceeds the implied fair value.\nMedical Claims Liabilities Medical services costs include claims paid, claims reported but not yet paid, or inventory, estimates for claims incurred but not yet received, or IBNR, and estimates for the costs necessary to process unpaid claims.\nThe estimates of medical claims liabilities are developed using standard actuarial methods based upon historical data for payment patterns, cost trends, product mix, seasonality, utilization of healthcare services and other relevant factors including product changes.\nThese estimates are continually reviewed and adjustments, if necessary, are reflected in the period known.\nManagement did not change actuarial methods during the years presented.\nManagement believes the amount of medical claims payable is reasonable and adequate to cover the Companys liability for unpaid claims as of December 31, 2006; however, actual claim payments may differ from established estimates."}
{"_id": "d8247dfb6", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) merchant acquiring business in the United Kingdom to the partnership.\nIn addition, HSBC UK entered into a ten-year marketing alliance with the partnership in which HSBC UK will refer customers to the partnership for payment processing services in the United Kingdom.\nOn June 23, 2008, we entered into a new five year, $200 million term loan to fund a portion of the acquisition.\nWe funded the remaining purchase price with excess cash and our existing credit facilities.\nThe term loan bears interest, at our election, at the prime rate or London Interbank Offered Rate plus a margin based on our leverage position.\nAs of July 1, 2008, the interest rate on the term loan was 3.605%.\nThe term loan calls for quarterly principal payments of $5 million beginning with the quarter ending August 31, 2008 and increasing to $10 million beginning with the quarter ending August 31, 2010 and $15 million beginning with the quarter ending August 31, 2011.\nThe partnership agreement includes provisions pursuant to which HSBC UK may compel us to purchase, at fair value, additional membership units from HSBC UK (the “Put Option”).\nHSBC UK may exercise the Put Option on the fifth anniversary of the closing of the acquisition and on each anniversary thereafter.\nBy exercising the Put Option, HSBC UK can require us to purchase, on an annual basis, up to 15% of the total membership units.\nAdditionally, on the tenth anniversary of closing and each tenth anniversary thereafter, HSBC UK may compel us to purchase all of their membership units at fair value.\nWhile not redeemable until June 2013, we estimate the maximum total redemption amount of the minority interest under the Put Option would be $421.4 million, as of May 31, 2008.\nThe purpose of this acquisition was to establish a presence in the United Kingdom.\nThe key factors that contributed to the decision to make this acquisition include historical and prospective financial statement analysis and HSBC UK’s market share and retail presence in the United Kingdom.\nThe purchase price was determined by analyzing the historical and prospective financial statements and applying relevant purchase price multiples.\nThe purchase price totaled $441.1 million, consisting of $438.6 million cash consideration plus $2.5 million of direct out of pocket costs.\nThe acquisition has been recorded using the purchase method of accounting, and, accordingly, the purchase price has been allocated to the assets acquired and liabilities assumed based on their estimated fair values at the date of acquisition."}
{"_id": "d86081a76", "title": "", "text": "The Regulated Transmission segment transmits electricity through transmission facilities owned and operated by ATSI, TrAIL, and certain of FirstEnergy's utilities (JCP&L, ME, PN, MP, PE and WP) and the regulatory asset associated with the abandoned PATH project.\nThe segment's revenues are primarily derived from rates that recover costs and provide a return on transmission capital investment.\nExcept for the recovery of the PATH abandoned project regulatory asset, these revenues are derived from transmission services provided pursuant to the PJM open access transmission tariff to LSEs.\nIts results also reflect the net transmission expenses related to the delivery of electricity on FirstEnergy's transmission facilities.\nThe Competitive Energy Services segment, through FES and AE Supply, supplies electricity to end-use customers through retail and wholesale arrangements, including competitive retail sales to customers primarily in Ohio, Pennsylvania, Illinois, Michigan, New Jersey and Maryland, and the provision of partial POLR and default service for some utilities in Ohio, Pennsylvania and Maryland, including the Utilities.\nThis business segment currently controls approximately 14,000 MWs of capacity, including 885 MWs of capacity subject to RMR arrangements with PJM and excluding 1,476 MWs of generation capacity transferred to Regulated Distribution in connection with the Harrison and Pleasants asset swap that occurred on October 9, 2013.\nThis segment also purchases electricity to meet sales obligations.\nThe segments net income is primarily derived from electric generation sales less the related costs of electricity generation, including fuel, purchased power and net transmission (including congestion) and ancillary costs charged by PJM to deliver energy to the segments customers.\nThe Competitive Energy Services segment derives its revenues from the sale of generation to direct and governmental aggregation, POLR and wholesale customers.\nThe segment is exposed to various market and financial risks, including the risk of price fluctuations in the wholesale power markets.\nWholesale power prices may be impacted by the prices of other commodities, including coal and natural gas, and energy efficiency and demand response programs, as well as regulatory and legislative actions, such as MATS among other factors.\nThe segment attempts to mitigate the market risk inherent in its energy position by economically hedging its exposure and continuously monitoring various risk measurement metrics to ensure compliance with its risk management policies.\nThe Competitive Energy Services segment economically hedges exposure to price risk on a ratable basis, which is intended to reduce the near-term financial impact of market price volatility.\nAs of December 31, 2013, the percentage of expected physical sales economically hedged was 91% for 2014 (out of a 99 million MWH target).\nAs of December 31, 2013, committed sales for 2015 and 2016 are approximately 49 million MWHs and 27 million MWHs, respectively.\nOther and Reconciling Adjustments contains corporate items and other businesses that are below the quantifiable threshold for separate disclosure as a reportable segment as well as reconciling adjustments for the elimination of intersegment transactions.\nSee Note 19, Segment Information, of the Combined Notes to Consolidated Financial Statements for further information on FirstEnergy's reportable operating segments.\nFirstEnergy considers a variety of factors, including wholesale power prices, in its decision to operate, or not operate, a generating plant.\nIf wholesale power prices represent a lower cost option, FirstEnergy may elect to fulfill its load obligation through purchasing electricity in the wholesale market as opposed to operating a generating unit.\nThe effect of this decision on its results of operations would be to displace higher per unit fuel expense with lower per unit purchased power.\nFirstEnergy engages in discussions with various commodity vendors, from time to time, regarding the impact that these and other actions may have on certain of its long-term agreements and FirstEnergy cannot provide assurance that these discussions will be satisfactorily resolved.\nSTRATEGY AND OUTLOOK FirstEnergy has taken a series of actions across the company to position itself for future growth."}
{"_id": "d89168144", "title": "", "text": "| 12/12 12/13 12/14 12/15 12/16 12/17 | Expeditors International of Washington, Inc. | Standard and Poor's 500 Index | NASDAQ Transportation | NASDAQ Industrial Transportation (NQUSB2770T) | Early Tender Price1 | 2009 Notes | 2011 Notes | 2010 Notes | Aggregate Principal Amount | Tender Offers | 2009 Notes | 2011 Notes | 2010 Notes | Redemption | 2009 Notes |"}
{"_id": "d8c07e33e", "title": "", "text": "| Benefit Plan 2017 2016 2015 | Pension Plan | Health Plan | Other plans | Total plan contributions |"}
{"_id": "d8e83c4fc", "title": "", "text": "| Year EndedDecember 31 | 2018 | Net sales, as reported | Acquisitions | Divestitures | Net sales, excluding acquisitions and divestitures | Currency translation | Net sales, excluding acquisitions, divestitures and the effect of currency translation |"}
{"_id": "d8dd1347c", "title": "", "text": "| September 30, 2007 % Incr. (Decr.) September 30, 2006 % Incr. (Decr.) September 30, 2005 | Assets Under Management: | Eagle Asset Mgmt., Inc. | Retail | Institutional | Total Eagle | Heritage Family of Mutual Funds | Money Market | Other | Total Heritage | Raymond James Consulting Services | Awad Asset Management | Freedom Accounts | Total Assets Under Management | Less: Assets Managed for Affiliated Entities | Third Party Assets Under Management |"}
{"_id": "d89d89144", "title": "", "text": "| Twelve Months Ended | (Millions of Dollars) | Operating revenues | Purchased power | Gas purchased for resale | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Operating income |"}
{"_id": "d89ca87fc", "title": "", "text": "| December 31, 2007 Net Flows Market Appreciation/ (Depreciation) & Other Foreign Exchange December 31, 2008 | (in billions) | Domestic Managed Assets: | Retail Funds | Institutional Funds | Alternative Funds | Less: Eliminations | Total Domestic Managed Assets | International Managed Assets: | Retail Funds | Institutional Funds | Alternative Funds | Total International Managed Assets | Less: Sub-Advised Eliminations | Total Managed Assets |"}
{"_id": "d8ec03d74", "title": "", "text": "| December 31 | 2010 | (Dollars in millions) | Maximum loss exposure | On-balance sheet assets | Trading account assets | Derivative assets | Available-for-saledebt securities | Loans and leases | Allowance for loan and lease losses | Loansheld-for-sale | All other assets | Total | On-balance sheet liabilities | Derivative liabilities | Commercial paper and other short-term borrowings | Long-term debt | All other liabilities | Total | Total assets of VIEs |"}
{"_id": "d8373b22a", "title": "", "text": "| 2012 2011 2010 | Current: | Federal | State | Federal and state deferred provision | Uncertain tax positions and interest, and other | Provision for income taxes | 2012 | Balance at beginning of year | Additions charged to expense | Accounts written-off | Balance at end of year |"}
{"_id": "d8972a780", "title": "", "text": "| Fair value measurement Note 2 Page 155 | Fair value option | Derivative instruments | Noninterest revenue | Interest income and interest expense | Pension and other postretirement employee benefit plans | Employee share-based incentives | Securities | Securities financing activities | Loans | Allowance for credit losses | Variable interest entities | Goodwill and Mortgage servicing rights | Premises and equipment | Long-term debt | Income taxes | Off–balance sheet lending-related financial instruments, guarantees and other commitments | Litigation |"}
{"_id": "d86d240bc", "title": "", "text": "| As of December 31, Depreciable   Lives | 2010 | (In millions) | Facilities and equipment | Land and improvements | Nuclear fuel | Office furnishings and equipment | Construction in progress | Total property, plant and equipment | Accumulated depreciation | Net property, plant and equipment |"}
{"_id": "d8959cdc8", "title": "", "text": "| Date PMI PMI Peer Group-1 S&P 500 Index | December 31, 2012 | December 31, 2013 | December 31, 2014 | December 31, 2015 | December 31, 2016 | December 31, 2017 |"}
{"_id": "d8d637ef0", "title": "", "text": "Hologic, Inc.  Notes to Consolidated Financial Statements (continued) (In thousands, except per share data) its supply chain and improve manufacturing margins.\nThe combination of the companies should also facilitate further manufacturing efficiencies and accelerate research and development of new detector products.\nAEG was a privately held group of companies headquartered in Warstein, Germany, with manufacturing operations in Germany, China and the United States.\nThe aggregate purchase price for AEG was approximately $31,300 (subject to adjustment) consisting of EUR $24,100 in cash and 110 shares of Hologic Common Stock valued at $5,300, and approximately $1,900 for acquisition related fees and expenses.\nThe Company determined the fair value of the shares issued in connection with the acquisition in accordance with EITF Issue No.99-12, Determination of the Measurement Date for the Market Price of Acquirer Securities Issued in a Purchase Business Combination.\nThese 110 shares were subject to contingent put options pursuant to which the holders had the option to resell the shares to the Company during a period of one year following the completion of the acquisition if the closing price of the Companys stock falls and remains below a threshold price.\nThe put options were never exercised and expired on May 2, 2007.\nThe acquisition also provided for a one-year earn out of EUR 1,700 (approximately $2,000 USD) which was payable in cash if AEG calendar year 2006 earnings, as defined, exceeded a pre-determined amount.\nAEGs 2006 earnings did not exceed such pre-determined amounts and no payment was made."}
{"_id": "d8983be8a", "title": "", "text": "| Years Ended December 31, 2009 2008 2007 | Segment revenue | Segment operating income | Segment operating income margin |"}
{"_id": "d8e62f934", "title": "", "text": "2008 to 2007 Annual Comparison Financial Services Businesses The Financial Services Businesses’ net realized investment losses in 2008 were $2,414 million, compared to net realized investment gains of $24 million in 2007.\nNet realized losses on fixed maturity securities were $1,646 million in 2008, compared to net realized losses of $64 million in 2007, as set forth in the following table:"}
{"_id": "d86481c2a", "title": "", "text": "| Years Ended December 31, | 2011 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d8a5978ae", "title": "", "text": "| Cash $84,751 | Contingent consideration | Total purchase price |"}
{"_id": "d877b0e54", "title": "", "text": "| Date PMI PMI Compensation Survey Group-1,2 S&P 500 Index | December 31, 2010 | December 31, 2011 | December 31, 2012 | December 31, 2013 | December 31, 2014 | December 31, 2015 | 2015 | U.S. pension plans | Non-U.S. pension plans | Postretirement plans |"}
{"_id": "d8f444cf4", "title": "", "text": "| Month ofIssuance Net CashProceedsReceived Numberof Units IssuePrice Type of Issuance | October | June | June | March |"}
{"_id": "d8f8467a8", "title": "", "text": "| Options Outstanding | Options Shares | Available | for Grant | Balance at September 30, 2001 | Plan shares expired | Options granted | Options cancelled | Options exercised | Balance at September 30, 2002 | Plan shares expired | Options granted | Options cancelled | Options exercised | Balance at September 30, 2003 | Additional shares reserved | Options granted | Options cancelled | Options exercised | Balance at September 30, 2004 |"}
{"_id": "d82e4efe0", "title": "", "text": "UNITED PARCEL SERVICE, INC.  AND SUBSIDIARIES MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 30 Revenue The change in overall revenue was impacted by the following factors for the years ended December 31, 2014 and 2013, compared with the corresponding prior year periods:"}
{"_id": "d8d4a9ea8", "title": "", "text": "We are pursuing various legal remedies to protect our interests.\nWe believe that ultimate disposition of this matter will not have a material adverse affect on our financial position, results of operations, or cash flows.\nLegal Proceedings  We are among a group of 18 defendants named in a lawsuit filed August 23, 2002 by Dore Energy Corporation under Docket Number 10-16202 in the 38th Judicial District Court, Cameron Parish, Louisiana.\nThe lawsuit alleges damage to property owned by Dore resulting from oil and gas activities dating to the 1930s.\nOur predecessor, Samedan Oil Corporation, operated on a portion of the property from 1989 to 1999.\nDore has delivered documents alleging approximately $140 million in damages.\nTrial is currently set for April 27, 2009.\nWe intend to vigorously defend against these allegations and believe that our share of damages, if any, will not have a material adverse effect on our financial position, results of operations, or cash flows.\nWe are involved in various other legal proceedings in the ordinary course of business.\nThese proceedings are subject to the uncertainties inherent in any litigation.\nWe are defending ourselves vigorously in all such matters and we believe that the ultimate disposition of such proceedings will not have a material adverse effect on our financial position, results of operations or cash flows."}
{"_id": "d8b083934", "title": "", "text": "| 2005 2004 | (in millions) | Assets: | Fixed maturities | Equity securities | Mortgage loans on real estate, policy and collateral loans | Securities available for sale | Trading securities | Spot commodities | Unrealized gain on swaps, options and forward transactions | Trading assets | Securities purchased under agreements to resell | Finance receivables, net of allowance | Securities lending collateral | Other invested assets | Short-term investments | Cash | Liabilities: | Policyholders’ contract deposits | Borrowings under obligations of guaranteed investment agreements | Securities sold under agreements to repurchase | Trading liabilities | Securities and spot commodities sold but not yet purchased | Unrealized loss on swaps, options and forward transactions | Trust deposits and deposits due to banks and other depositors | Commercial paper | Notes, bonds, loans and mortgages payable | Securities lending payable |"}
{"_id": "d87b8cc80", "title": "", "text": "| October 31, | 2018 | (in millions) | Combined and Consolidated Balance Sheet Data:(a) | Cash and cash equivalents and short-term investments | Working capital | Total assets | Long-term debt | Stockholders' equity |"}
{"_id": "d88b06936", "title": "", "text": "| 2016 2015 2014 | Current: | Federal | State | Deferred: | Federal | State | State deferred benefit - change in valuation allowance | Uncertain tax positions and interest, and other | Provision for income taxes |"}
{"_id": "d8b044658", "title": "", "text": "| Con Edison Con Edison of New York | (Millions of Dollars) | Accrued liability – asbestos suits | Regulatory assets – asbestos suits | Accrued liability – workers’ compensation | Regulatory assets – workers’ compensation |"}
{"_id": "d8bef670a", "title": "", "text": "our other debt, it would likely constitute a default under our credit facilities as well.\nAn interest coverage ratio represents the ratio of pre-tax earnings before fixed charges (interest expense and the interest portion of rent expense) to fixed charges.\nOur interest coverage ratio, calculated as reported in Exhibit No.12.1 of this Annual Report on Form 10-K, was 5.5 and 8.9 in fiscal 2009 and 2008, respectively.\nOur credit ratings and outlooks at April 27, 2009, are summarized below.\nThe rating issued by Moodys Investors Service, Inc.  (Moodys) is consistent with the rating and outlook reported in our Annual Report on Form 10-K for the fiscal year ended March 1, 2008.\nIn November 2008, Fitch Ratings Ltd.  (Fitch) reaffirmed our BBB+ rating, but assigned a negative outlook because it believed declines in our comparable store sales were significant.\nIn November 2008, Standard & Poors Ratings Services (Standard & Poors) downgraded our rating to BBB?\nand assigned a stable outlook due to the current weak economic environment in the U. S.  This downgrade has not impacted our borrowing costs."}
{"_id": "d8c594918", "title": "", "text": "Dividends During fiscal 2012, Applieds Board of Directors declared three quarterly cash dividends in the amount of $0.09 per share each and one quarterly cash dividend in the amount of $0.08 per share.\nDuring fiscal 2011, Applieds Board of Directors declared three quarterly cash dividends in the amount of $0.08 per share each and one quarterly cash dividend in the amount of $0.07 per share.\nDuring fiscal 2010, Applieds Board of Directors declared three quarterly cash dividends in the amount of $0.07 per share each and one quarterly cash dividend in the amount of $0.06.\nDividends declared during fiscal 2012, 2011 and 2010 amounted to $438 million, $408 million and $361 million, respectively.\nApplied currently anticipates that it will continue to pay cash dividends on a quarterly basis in the future, although the declaration and amount of any future cash dividends are at the discretion of the Board of Directors and will depend on Applieds financial condition, results of operations, capital requirements, business conditions and other factors, as well as a determination that cash dividends are in the best interests of Applieds stockholders."}
{"_id": "d8943f48a", "title": "", "text": "| Year ended December 31 | Dollars in millions, except per share data | SUMMARYOFOPERATIONS | Interest income | Interest expense | Net interest income | Noninterest income (b) | Total revenue | Provision for credit losses (c) | Noninterest expense | Income from continuing operations before income taxes and noncontrolling interests | Income taxes | Income from continuing operations before noncontrolling interests | Income from discontinued operations (net of income taxes of zero, $338, $54, $63 and $66)(d) | Net income | Less: Net income (loss) attributable to noncontrolling interests | Preferred stock dividends (e) | Preferred stock discount accretion and redemptions (e) | Net income attributable to common shareholders (e) | PERCOMMONSHARE | Basic earnings | Continuing operations | Discontinued operations (d) | Net income | Diluted earnings | Continuing operations | Discontinued operations (d) | Net income | Book value | Cash dividends declared | 2012 | Stock based compensation | Tax benefit recognized in net income | Windfall tax benefit, net |"}
{"_id": "d89cb9ba6", "title": "", "text": "Segment Expenses.\nCommission and brokerage decreased by 4.9% to $283.4 million in 2016 compared to $298.2 million in 2015.\nThe year over year decrease was mainly due to the impact of the decrease in premiums earned.\nSegment other underwriting expenses increased slightly to $35.5 million in 2016 compared to $34.3 million in 2015.\nproperly allocating responsibility and/or liability for asbestos or environmental damage; (d) changes in underlying laws and judicial interpretation of those laws; (e) the potential for an asbestos or environmental claim to involve many insurance providers over many policy periods; (f) questions concerning interpretation and application of insurance and reinsurance coverage; and (g) uncertainty regarding the number and identity of insureds with potential asbestos or environmental exposure.\nDue to the uncertainties discussed above, the ultimate losses attributable to A&E, and particularly asbestos, may be subject to more variability than are non-A&E reserves and such variation could have a material adverse effect on our financial condition, results of operations and/or cash flows.\nSee also ITEM 8, “Financial Statements and Supplementary Data” - Notes 1 and 3 of Notes to the Consolidated Financial Statements."}
{"_id": "d8f26f53c", "title": "", "text": "| Years Ended March 31, | (In millions) | Service cost—benefits earned during the year | Interest cost on projected benefit obligation | Amortization of unrecognized loss and priorservice costs | Net periodic postretirement expense |"}
{"_id": "d8ece1e6c", "title": "", "text": "Employee Benefit Plans Stock-Based Compensation During 2018, EOG maintained various stock-based compensation plans as discussed below.\nEOG recognizes compensation expense on grants of stock options, SARs, restricted stock and restricted stock units, performance units and grants made under the EOG Resources, Inc.\nEmployee Stock Purchase Plan (ESPP).\nStock-based compensation expense is calculated based upon the grant date estimated fair value of the awards, net of forfeitures, based upon EOG's historical employee turnover rate.\nCompensation expense is amortized over the shorter of the vesting period or the period from date of grant until the date the employee becomes eligible to retire without company approval."}
{"_id": "d88a7a594", "title": "", "text": "| July 31, 2015 July 31, 2014 | (In millions) | Classification on balance sheets: | Cash and cash equivalents | Investments | Funds held for customers | Long-term investments | Total cash and cash equivalents, investments and funds held for customers |"}
{"_id": "d86a8762e", "title": "", "text": "| Year Ended December 31, | 2016 | Key performance indicators: | Clients | Clients (based on parent company grouping) | Sales teams | Annual revenue retention rate |"}
{"_id": "d88791ec2", "title": "", "text": "| As of or for the year ended December 31, Average | (in millions) | Commercial paper | Other borrowed funds | Total short-term borrowings | Obligations of Firm-administered multi-seller conduits(a) | Securities loaned or sold under agreements to repurchase: | Securities sold under agreements to repurchase(b) | Securities loaned(c) | Total securities loaned or sold under agreements to repurchase(d) | Senior notes | Trust preferred securities(e) | Subordinated debt(e) | Structured notes | Total long-term unsecured funding | Credit card securitization(a) | Other securitizations(a)(f) | FHLB advances | Other long-term secured funding(g) | Total long-term secured funding | Preferred stock(h) | Common stockholders’ equity(h) |"}
{"_id": "d8aa2d99a", "title": "", "text": "| For the years ended December 31, | 2012 | (in thousands) | Operating revenues | Operation and maintenance expense | Operating expenses, net | Income from continuing operations before income taxes |"}
{"_id": "d8bc1746c", "title": "", "text": "| December 31, 2007 December 31, 2006 | (Dollars in millions) | Commercial – domestic-4 | Commercial real estate | Commercial lease financing | Commercial – foreign | 16,757 | Small business commercial – domestic | Total commercial utilized criticized exposure |"}
{"_id": "d812a0f14", "title": "", "text": "OTHER U. S.  PLANS International Paper sponsors the International Paper Company Salaried Savings Plan and the International Paper Company Hourly Savings Plan, both of which are tax-qualified defined contribution 401(k) savings plans.\nThe following table presents information related to the major classes of assets and liabilities that were classified as held for sale in our consolidated balance sheet (in millions):\n1 Consists of total assets relating to North America refranchising of $9 million and Latin America bottling operations of $210 million, which are included in the Bottling Investments operating segment.2 Consists of total liabilities relating to North America refranchising of $5 million and Latin America bottling operations of $32 million, which are included in the Bottling Investments operating segment.\nWe determined that the operations included in the table above did not meet the criteria to be classified as discontinued operations under the applicable guidance.\nDiscontinued Operations In October 2017, the Company and ABI completed the transition of ABI’s controlling interest in CCBA to the Company for $3,150 million.\nWe plan to hold a controlling interest in CCBA temporarily.\nWe anticipate that we will divest a portion of our ownership interest in 2019, which will result in the Company no longer having a controlling interest in CCBA.\nAccordingly, we have presented the financial position and results of operations of CCBA as discontinued operations in the accompanying consolidated financial statements.\nAs CCBA met the criteria to be classified as held for sale, we were required to record their assets and liabilities at the lower of carrying value or fair value less any costs to sell and present the related assets and liabilities as separate line items in our consolidated balance sheet.\nDuring the year ended December 31, 2018, we recorded an impairment charge of $554 million, reflecting management’s view of the proceeds that are expected to be received based on revised projections of future operating results and foreign currency exchange rate fluctuations.\nRefer to Note 17.\nUpon consolidation of CCBA, we remeasured our previously held equity interests in CCBA and its South African subsidiary to fair value and recorded a gain on the remeasurement of $150 million.\nThe fair values in our previously held equity investments in CCBA and its South African subsidiary were determined using income approaches, including discounted cash flow models (a Level 3 measurement), and the Company believes the inputs and assumptions used are consistent with those hypothetical marketplace participants would use.\nWe recorded $1,805 million for the noncontrolling interests of CCBA.\nThe fair value of the noncontrolling interests was determined in a manner similar to our previously held equity investments.\nThe preliminary goodwill recorded at the time of the transaction was $4,262 million, none of which is tax deductible.\nThis goodwill is in part due to the significant synergies that are expected from the consolidation of the bottling system in Southern and East Africa, especially within the country of South Africa.\nAs a result, upon finalization of purchase accounting $411 million of the final goodwill balance of $4,186 million was allocated to other reporting units expected to benefit from this transaction.\nDuring 2018, the Company acquired additional bottling operations in Zambia and Botswana, which have also been included in assets held for sale — discontinued operations and liabilities held for sale — discontinued operations.\nNotes to Consolidated Financial Statements Note 1.\nSummary of Significant Accounting Policies – (Continued) accounted for under the previous accounting guidance, FTB No.85-4, where the carrying value of life settlement contracts was the cash surrender value, and revenue was recognized and included in Other revenues on the Consolidated Statements of Income when the life insurance policy underlying the life settlement contract matured.\nUnder the previous accounting guidance, maintenance expenses were expensed as incurred and included in Other operating expenses on the Consolidated Statements of Income.\nCNA’s investments in life settlement contracts were $129 million and $115 million at December 31, 2008 and 2007 and are included in Other assets on the Consolidated Balance Sheets.\nThe cash receipts and payments related to life settlement contracts are included in Cash flows from operating activities on the Consolidated Statements of Cash Flows for all periods presented.\nThe fair value of each life insurance policy is determined as the present value of the anticipated death benefits less anticipated premium payments for that policy.\nThese anticipated values are determined using mortality rates and policy terms that are distinct for each insured.\nThe discount rate used reflects current risk-free rates at applicable durations and the risks associated with assessing the current medical condition of the insured, the potential volatility of mortality experience for the portfolio and longevity risk.\nCNA used its own experience to determine the fair value of its portfolio of life settlement contracts.\nThe mortality experience of this portfolio of life insurance policies may vary by quarter due to its relatively small size.\nThe following table details the values for life settlement contracts as of December 31, 2008."}
{"_id": "d8cfc2d54", "title": "", "text": "| Year Ended December 31, | 2011 | One- to four-family | Home equity | Total losses on loans receivable measured at fair value | Losses on REO measured at fair value | Recorded Investment  December 31, | 2011 | Loans collectively evaluated for impairment | Loans individually evaluated for impairment (TDRs) | Total recorded investment in loans receivable |"}
{"_id": "d8ad4c23e", "title": "", "text": "| 2014 2013 | Beginning balance | Gross increases in unrecognized tax benefits – prior year tax positions | Gross increases in unrecognized tax benefits – current year tax positions | Settlements with taxing authorities | Lapse of statute of limitations | Foreign exchange gains and losses | Ending balance |"}
{"_id": "d8f8e15dc", "title": "", "text": "| For the Year Ended December 31, | 2009 | (In thousands, except per share data) | Statement of Income Data: | Net sales | Net income | Net income per common share: | — basic | — diluted | Weighted average common shares outstanding: | — basic | — diluted | Cash dividends declared per common share | Balance Sheet Data: | Total assets | Total debt obligations-1 | Stockholders’ equity |"}
{"_id": "d8ded01ca", "title": "", "text": "| Years Ended | September 25, 2010 | Amount | Product Sales | Breast Health | Diagnostics | GYN Surgical | Skeletal Health | $1,414,900 |"}
{"_id": "d8b827730", "title": "", "text": "| 2006 Compared with 2005 2005 Compared with 2004 | Total | Change | (Increase (decrease) in thousands) | Interest income | Loans and leases, including fees | Deposits at banks | Federal funds sold and agreements to resell securities | Trading account | Investment securities | U.S. Treasury and federal agencies | Obligations of states and political subdivisions | Other | Total interest income | Interest expense | Interest-bearing deposits | NOW accounts | Savings deposits | Time deposits | Deposits at foreign office | Short-term borrowings | Long-term borrowings | Total interest expense |"}
{"_id": "d8d6c6010", "title": "", "text": "SHARE-BASED COMPENSATION On December 31, 2015, the Company had a number of open share-based compensation plans, which provide for the grant of time-based options and performance-based options, time-based restricted stock units and performance-based restricted stock units, and various other share-based grants to employees.\nAll of the Companys share-based compensation plans under which any options, restricted stock units or other share-based grants are outstanding as at December 31, 2015 are described below.\nThe compensation cost that has been recognized for those plans for the year ended December 31, 2015 was $64 million (2014: $52 million; 2013: $42 million).\nThe total income tax benefit recognized in the statement of operations for share-based compensation arrangements for the year ended December 31, 2015 was $15 million (2014: $12 million; 2013: $9 million).2012 Equity Incentive Plan This plan, which was established on April 25, 2012, provides for the granting of incentive stock options, time-based or performancebased non-statutory stock options, share appreciation rights, restricted shares, time-based or performance-based restricted share units (RSUs), performance-based awards and other share-based grants or any combination thereof (collectively referred to as Awards) to employees, officers, directors and consultants (Eligible Individuals) of the Company.\nThe Board of Directors also adopted a sub-plan under the 2012 plan to provide an employee sharesave scheme in the United Kingdom.\nThere were approximately 23 million shares available for grant under this plan.\nOptions are exercisable on a variety of dates, including from the second, third, fourth or fifth anniversary of grant.\nUnless terminated sooner by the Board of Directors, the 2012 Plan will expire 10 years after the date of its adoption.\nThat termination will not affect the validity of any grants outstanding at that date.2008 Share Purchase and Option Plan This plan, which was established on April 23, 2008, provides for the granting of time and performance-based options, restricted stock units and various other share-based grants at fair market value to employees of the Company.\nThe 2008 plan was terminated as at April 25, 2012 and no further grants will be made under this plan.\nAny shares available for grant under the 2008 plan were included in the 2012 Equity Incentive Plan availability.\nOptions are exercisable on a variety of dates, including from the third, fourth or fifth anniversary of grant.\nEmployee Stock Purchase Plans The Company adopted the Willis Group Holdings 2001 North America Employee Share Purchase Plan, which expired on May 31, 2011 and the Willis Group Holdings 2010 North America Employee Stock Purchase Plan, which expires on May 31, 2020.\nThese plans provide certain eligible employees in the United States and Canada the ability to contribute payroll deductions to the purchase of Willis Group Holdings plc shares at the end of each offering period.\nOption Valuation Assumptions The fair value of each option is estimated on the date of grant using the Black-Scholes option pricing model that uses the assumptions noted in the following table.\nExpected volatility is based on historical volatility of the Companys stock.\nThe Company uses the simplified method set out in Accounting Standard Codification (ASC) 718-10-S99 to derive the expected term of options granted as it does not have sufficient historical exercise data to provide a reasonable basis upon which to estimate the expected term."}
{"_id": "d896354b0", "title": "", "text": "Competition The subset of DERs that produce electricity are collectively referred to as distributed generation (DG).\nDG includes solar energy production facilities, fuel cells and micro-turbines, and provide an alternative source of electricity for the Utilities electric delivery customers.\nTypically, customers with DG remain connected to the utilitys delivery system and pay a different rate.\nGas delivery customers have electricity and oil as alternatives, and steam customers have electricity and natural gas as alternative sources for heating and cooling their buildings.\nMicro-grids and community-based micro-grids enable distributed generation to serve multiple locations and multiple customers.\nOther DERs, such as energy storage, demand reduction and energy efficiency investments, provide ways for the energy consumers within the Utilities service areas to manage their energy usage.\nThe following table shows the aggregate capacities of the DG projects connected to the Utilities distribution systems at the end of the last five years:"}
{"_id": "d813f946a", "title": "", "text": "In May 2017, the Company entered into an agreement with 50 HYMC Owner LLC, for the lease of approximately 847,000 square feet of office space located at 50 Hudson Yards, New York, New York.\nThe term of the lease is twenty years from the date that rental payments begin, expected to occur in May 2023, with the option to renew for a specified term.\nThe lease requires annual base rental payments of approximately $51 million per year during the first five years of the lease term, increasing every five years to $58 million, $66 million and $74 million per year (or approximately $1.2 billion in base rent over its twenty-year term).\nThis lease is classified as an operating lease and, as such, is not recorded as a liability on the consolidated statements of financial condition.\nRent expense and certain office equipment expense under lease agreements amounted to $132 million, $134 million and $136 million in 2017, 2016 and 2015, respectively."}
{"_id": "d80f34cfe", "title": "", "text": "| Years Ended December 31, | 2008 | (In millions) | Current: | Federal | State and local | Foreign | Subtotal | Deferred: | Federal | State and local | Foreign | Subtotal | Provision for income tax |"}
{"_id": "d82787ad6", "title": "", "text": "| December 31, 2018 December 31, 2017 | AmortizedCost or Cost | (in millions) | Short-term investments and cash equivalents | Fixed maturities: | Corporate securities | Commercial mortgage-backed securities | Residential mortgage-backed securities-1 | Asset-backed securities-2 | Foreign government bonds | U.S. government authorities and agencies and obligations of U.S. states | Total fixed maturities-3 | Equity securities | Total assets supporting experience-rated contractholder liabilities-4 |"}
{"_id": "d8f4254ee", "title": "", "text": "Significant Issuances and Other Settlements.\nDuring 2015, other settlements primarily included the impact of deconsolidating previously consolidated CLOs effective January 1, 2015 as a result of adopting ASU 2015-02.\nSee Note 2, Significant Accounting Policies, for further information on ASU 2015-02.\nIn 2014, issuances and other settlements included $1,582 million of borrowings due to the consolidation of CLOs and $485 million of repayments of borrowings of consolidated CLOs.\ncomparable Treasury security.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2022 Notes.2021 Notes.\nIn May 2011, the Company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations.\nThese notes were issued as two separate series of senior debt securities, including $750 million of 4.25% notes maturing in May 2021 and $750 million of floating rate notes (2013 Floating Rate Notes), which were repaid in May 2013 at maturity.\nNet proceeds of this offering were used to fund the repurchase of BlackRocks Series B Preferred from affiliates of Merrill Lynch & Co. , Inc.  (Merrill Lynch).\nInterest on the 4.25% notes due in 2021 (2021 Notes) is payable semi-annually on May 24 and November 24 of each year, which commenced November 24, 2011, and is approximately $32 million per year.\nThe 2021 Notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a make-whole redemption price.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2021 Notes.2019 Notes.\nIn December 2009, the Company issued $2.5 billion in aggregate principal amount of unsecured and unsubordinated obligations.\nThese notes were issued as three separate series of senior debt securities including $0.5 billion of 2.25% notes, which were repaid in December 2012, $1.0 billion of 3.50% notes, which were repaid in December 2014 at maturity, and $1.0 billion of 5.0% notes maturing in December 2019 (the 2019 Notes).\nNet proceeds of this offering were used to repay borrowings under the CP Program, which was used to finance a portion of the acquisition of Barclays Global Investors (BGI) from Barclays on December 1, 2009 (the BGI Transaction), and for general corporate purposes.\nInterest on the 2019 Notes of approximately $50 million per year is payable semiannually in arrears on June 10 and December 10 of each year.\nThese notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a make-whole redemption price.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2019 Notes.2017 Notes.\nIn September 2007, the Company issued $700 million in aggregate principal amount of 6.25% senior unsecured and unsubordinated notes maturing on September 15, 2017 (the 2017 Notes).\nA portion of the net proceeds of the 2017 Notes was used to fund the initial cash payment for the acquisition of the fund-of-funds business of Quellos and the remainder was used for general corporate purposes.\nInterest is payable semi-annually in arrears on March 15 and September 15 of each year, or approximately $44 million per year.\nThe 2017 Notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a make-whole redemption price.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2017 Notes."}
{"_id": "d84d3772c", "title": "", "text": "| in millions As of  December 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 - thereafter | Total |"}
{"_id": "d8d4c5266", "title": "", "text": "Table of Contents Hologic, Inc.  Notes to Consolidated Financial Statements (continued) (In thousands, except per share data) Cytyc, headquartered in Marlborough, Massachusetts, is a diversified diagnostic and medical device company that designs, develops, manufactures, and markets innovative and clinically effective diagnostics and surgical products.\nCytyc products cover a range of cancer and womens health applications, including cervical cancer screening, prenatal diagnostics, treatment of excessive menstrual bleeding and radiation treatment of early-stage breast cancer.\nUpon the close of the merger, Cytyc shareholders received an aggregate of 132,038 shares of Hologic common stock and approximately $2,094,800 in cash.\nIn connection with the close of the merger, the Company entered into a credit agreement relating to a senior secured credit facility (the Credit Agreement) with Goldman Sachs Credit Partners L. P.  and certain other lenders, in which the lenders committed to provide, in the aggregate, senior secured financing of up to approximately $2,550,000 to pay for the cash portion of the merger consideration, repayment of existing debt of Cytyc, expenses relating to the merger and working capital following the completion of the merger.\nAs of the closing of the merger, the Company borrowed $2,350,000 under this Credit Agreement.\nSee Note 5 for further discussion.\nThe aggregate purchase price of approximately $6,156,900 included $2,094,800 in cash; 132,038 shares of Hologic common stock at an estimated fair value of $3,671,500; 16,465 of fully vested stock options granted to Cytyc employees in exchange for their vested Cytyc stock options, with an estimated fair value of approximately $241,400; the fair value of Cytycs outstanding convertible notes assumed in the merger of approximately $125,000; and approximately $24,200 of direct acquisition costs.\nThere are no potential contingent consideration arrangements payable to the former Cytyc shareholders in connection with this transaction.\nThe Company measured the fair value of the 132,038 shares of the Company common stock issued as consideration in connection with the merger under EITF 99-12.\nThe Company determined the measurement date to be May 20, 2007, the date the transaction was announced, as the number of shares to be issued according to the exchange ratio was fixed without subsequent revision.\nThe Company valued the securities based on the average market price a few days before and after the measurement date.\nThe weighted average stock price was determined to be $27.81.\n(i) Purchase price The purchase price is as follows:"}
{"_id": "d8b8cce24", "title": "", "text": "Pension expense for Westar Energy, KCP&L and GMO is recorded in accordance with rate orders from the KCC and MPSC.\nThe orders allow the difference between pension costs under GAAP and pension costs for ratemaking to be recorded as a regulatory asset or liability with future ratemaking recovery or refunds, as appropriate.\nIn 2018, Evergy's pension expense was $90.1 million under GAAP and $98.4 million for ratemaking.\nThe impact on 2019 pension expense in the table above reflects the impact on GAAP pension costs.\nUnder the Evergy Companies' rate agreements, any increase or decrease in GAAP pension expense would be deferred in a regulatory asset or liability for future ratemaking treatment.\nSee Note 9 to the consolidated financial statements for additional information regarding the accounting for pensions.\nMarket conditions and interest rates significantly affect the future assets and liabilities of the plan.\nIt is difficult to predict future pension costs, changes in pension liability and cash funding requirements due to the inherent uncertainty of market conditions."}
{"_id": "d8926f704", "title": "", "text": "Disruption in the global credit markets and the deterioration of the financial markets created significant uncertainty in the marketplace.\nWeak economic conditions in many markets around the globe continued throughout 2014 and have adversely impacted our clients' financial condition and therefore the levels of business activities in the industries and geographies where we operate.\nWhile we believe that the majority of our practices are well positioned to manage through this time, these challenges are reducing demand for some of our services and putting continued pressure on the pricing of those services, which is having an adverse effect on our new business and results of operations."}
{"_id": "d8327a68c", "title": "", "text": "| Pension Other Postretirement Benefits | Recognized net actuarial loss/(gain) | Amortization of prior service (credits) | Total |"}
{"_id": "d8202fb30", "title": "", "text": "| 2012 2011 2010 | Net sales | Cost of sales | Gross margin | Gross margin percentage |"}
{"_id": "d89c1cb44", "title": "", "text": "Table of Contents Company Stock Performance The following graph shows a five-year comparison of cumulative total shareholder return, calculated on a dividend reinvested basis, for the Company, the S&P 500 Index, the S&P Computer Hardware Index, and the Dow Jones U. S.  Technology Supersector Index.\nThe graph assumes $100 was invested in each of the Company’s common stock, the S&P 500 Index, the S&P Computer Hardware Index, and the Dow Jones U. S.  Technology Supersector Index as of the market close on September 30, 2008.\nData points on the graph are annual.\nNote that historic stock price performance is not necessarily indicative of future stock price performance."}
{"_id": "d893bfab4", "title": "", "text": "| 2013 2012 | Deferred tax assets/(liabilities): | Net operating loss carryforward — U.S. | Net operating loss carryforward — Foreign | Fixed assets | Investments | Accrued expenses | Stock-based compensation and other stock based payments | Other | Subtotal | Discount on convertible notes | Intangible assets and other | Less valuation allowance on deferred tax assets | Net deferred tax assets (liabilities)(1) |"}
{"_id": "d8e579f30", "title": "", "text": "| Thousands of dths Delivered Revenues in Millions | Twelve Months Ended | Description | Residential | General | Firm transportation | Total firm sales and transportation | Interruptible sales | Generation plants | Other | Other gas revenues | Total |"}
{"_id": "d883f9328", "title": "", "text": "Disaggregation of revenues The Company disaggregates its revenues from contracts with customers by segment: US and Canada, International, Entertainment and Licensing, and Global Operations.\nThe Company further disaggregates revenues within its International segment by major geographic region: Europe, Latin America, and Asia Pacific.\nFinally, the Company disaggregates its revenues by brand portfolio into four brand categories: Franchise brands, Partner brands, Hasbro gaming, and Emerging brands.\nWe believe these collectively depict how the nature, amount, timing and uncertainty of revenue and cash flows are affected by economic factors.\nSee note 21, for further information."}
{"_id": "d88e3768c", "title": "", "text": "| Year Ended December 31, | 2009 | (In $ millions) | Employee termination benefits | Plant/office closures | Deferred compensation triggered by Exit Event (Note 20) | Plumbing actions | Insurance recoveries associated with Clear Lake, Texas (Note 30) | Resolution of commercial disputes with a vendor | Asset impairments | Ticona Kelsterbach plant relocation (Note 29) | Sorbates antitrust actions (Note 24) | Other | Total |"}
{"_id": "d8f696b6a", "title": "", "text": "| Years Ended December 31, | 2014 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d810cc5e4", "title": "", "text": "Entergy Corporation and Subsidiaries Management's Financial Discussion and Analysis 31 The Vermont Yankee acquisition included a 10-year PPA under which the former owners will buy the power produced by the plant, which is through the expiration in 2012 of the current operating license for the plant.\nThe PPA includes an adjustment clause under which the prices specified in the PPA will be adjusted downward monthly, beginning in November 2005, if power market prices drop below PPA prices.\nAccordingly, because the price is not fixed, the table above does not report power from that plant as sold forward after November 2005.\nA sale of power on a unit contingent basis coupled with an availability guarantee provides for the payment to the power purchaser of contract damages, if incurred, in the event the seller fails to deliver power as a result of the failure of the specified generation unit to generate power at or above a specified availability threshold.\nTo date, Entergy has not incurred any payment obligation to any power purchaser pursuant to an availability guarantee.\nAll of Entergy's outstanding availability guarantees provide for dollar limits on Entergy's maximum liability under such guarantees.\nSome of the agreements to sell the power produced by Entergy's Non-Utility Nuclear power plants contain provisions that require an Entergy subsidiary to provide collateral to secure its obligations under the agreements.\nThe Entergy subsidiary may be required to provide collateral based upon the difference between the current market and contracted power prices in the regions where the Non-Utility Nuclear business sells its power.\nThe primary form of the collateral to satisfy these requirements would be an Entergy Corporation guaranty.\nCash and letters of credit are also acceptable forms of collateral.\nAt December 31, 2004, based on power prices at that time, Entergy had in place as collateral $545.5 million of Entergy Corporation guarantees and $47.5 million of letters of credit.\nIn the event of a decrease in Entergy Corporation's credit rating to specified levels below investment grade, Entergy may be required to replace Entergy Corporation guarantees with cash or letters of credit under some of the agreements.\nIn addition to selling the power produced by its plants, the Non-Utility Nuclear business sells installed capacity to load-serving distribution companies in order for those companies to meet requirements placed on them by the ISO in their area.\nFollowing is a summary of the amount of the Non-Utility Nuclear business' installed capacity that is currently sold forward, and the blended amount of the Non-Utility Nuclear business' planned generation output and installed capacity that is currently sold forwar"}
{"_id": "d86a78610", "title": "", "text": "| Type of trade Fair Valueat December 31, 2012 (d) Valuation Technique Unobservable Input Range | Mark-to-market derivatives—Economic Hedges (Generation)(a) | Forward gas priceVolatility | Option Model | Mark-to-market derivatives—Proprietary trading (Generation)(a) | Option Model | Mark-to-market derivatives—Transactions with affiliates (Generation and ComEd)(b) | Mark-to-market derivatives (ComEd) | Marketability reserve | Renewable factor |"}
{"_id": "d886d0bd2", "title": "", "text": "| Location Primary Use Owned/Leased Lease Expiration Approximate Size(in square feet)(1) | 20 South Wacker Drive Chicago, Illinois | 141 West JacksonChicago, Illinois | 333 S. LaSalleChicago, Illinois | 550 West WashingtonChicago, Illinois | One North EndNew York, New York | One New Change London | Data Center 3Chicagoland area | Bagmane Tech Park Bangalore, India |"}
{"_id": "d830e4f70", "title": "", "text": "ITEM 3.\nLEGAL PROCEEDINGS In June 2002, the Company acquired from MarketXT Holdings, Inc.  (formerly known as “Tradescape Corporation”) the following entities: Tradescape Securities, LLC; Tradescape Technologies, LLC; and Momentum Securities, LLC.\nDisputes subsequently arose between the parties regarding the responsibility for liabilities that first became known to the Company after the sale.\nOn April 8, 2004, MarketXT filed a complaint in the United States District Court for the Southern District of New York against the Company, certain of its officers and directors, and other third parties, including Softbank Investment Corporation (“SBI”) and Softbank Corporation, alleging that defendants were preventing plaintiffs from obtaining certain contingent payments allegedly due, and as a result, claiming damages of $1.5 billion.\nOn April 9, 2004, the Company filed a complaint in the United States District Court for the Southern District of New York against certain directors and officers of MarketXT seeking declaratory relief and unspecified monetary damages for defendants’ fraud in connection with the 2002 sale, including, but not limited to, having presented the Company with fraudulent financial statements regarding the condition of Momentum Securities, LLC during the due diligence process.\nSubsequently, MarketXT was placed into bankruptcy, and the Company filed an adversary proceeding against MarketXT and others in January 2005, seeking declaratory relief, compensatory and punitive damages, in those Chapter 11 bankruptcy proceedings in the United States Bankruptcy Court for the Southern District of New York entitled, “In re MarketXT Holdings Corp. , Debtor.\n” In that same court, the Company filed a separate adversary proceeding against Omar Amanat in those Chapter 7 bankruptcy proceedings entitled, “In re Amanat, Omar Shariff.\n” In October 2005, MarketXT answered the Company’s adversary proceeding and asserted its counterclaims, subsequently amending its claims in 2006 to add a $326.0 million claim for “promissory estoppel” in which Market XT alleged, for the first time, that the Company breached a prior promise to purchase the acquired entities in 1999-2000.\nIn April 2006, Omar Amanat answered the Company’s separate adversary proceeding against him and asserted his counterclaims.\nIn separate motions before the Bankruptcy Court, the Company has moved to dismiss certain counterclaims brought by MarketXT including those described above, as well as certain counterclaims brought by Mr.  Amanat.\nIn a ruling dated September 29, 2006, the Bankruptcy Court in the MarketXT case granted the Company’s motion to dismiss four of the six bases upon which MarketXT asserts its fraud claims against the Company; its conversion claim; and its demand for punitive damages.\nIn the same ruling, the Bankruptcy Court denied in its entirety MarketXT’s competing motion to dismiss the Company’s claims against it.\nOn October 26, 2006, the Bankruptcy Court subsequently dismissed MarketXT’s “promissory estoppel” claim.\nBy order dated December 18, 2007, the United States Bankruptcy"}
{"_id": "d83ac8726", "title": "", "text": "| December 31, 2018 December 31, 2017 | Plan assets subject to fair value hierarchy | Registered investment companies | Limited partnerships | Fixed income securities | Insurance contracts | Other | Total plan assets, subject to leveling | Plan assets measured at net asset value | Other investments measured at net asset value1 | Total plan assets |"}
{"_id": "d864b4e54", "title": "", "text": "American International Group, Inc. , and Subsidiaries NOTES TO CONSOLIDATED FINANCIAL STATEMENTS AIGs investments in life settlement contracts are monitored for impairment based on the underlying life insurance policies, with cash flows reported periodically.\nAn investment in a life settlement contract is considered impaired if the undiscounted cash flows resulting from the expected proceeds from the insurance policy are less than the carrying amount of the investment plus anticipated continuing costs.\nIf an impairment loss is recognized, the investment is written down to fair value.\nAIGs aircraft asset investments and investments in real estate are periodically evaluated for recoverability whenever changes in circumstances indicate the carrying amount of an asset may be impaired.\nWhen impairment indicators are present, AIG compares expected investment cash flows to carrying value.\nWhen the expected cash flows are less than the carrying value, the investments are written down to fair value with a corresponding charge to earnings.\nFixed Maturity Securities Impairment Policy  Prior to April 1, 2009 In all periods prior to April 1, 2009, AIG assessed its ability to hold any fixed maturity available for sale security in an unrealized loss position to its recovery at each balance sheet date.\nThe decision to sell any such fixed maturity security classified as available for sale reflected the judgment of AIGs management that the security sold was unlikely to provide, on a relative value basis, as attractive a return in the future as alternative securities entailing comparable risks.\nWith respect to distressed securities, the sale decision reflected managements judgment that the risk-adjusted ultimate recovery was less than the value achievable on sale.\nIn those periods, AIG evaluated its fixed maturity securities for other-than-temporary impairments with respect to valuation as well as credit.\nAfter a fixed maturity security had been identified as other-than-temporarily impaired, the amount of such impairment was determined as the difference between fair value and amortized cost and the entire amount, whether attributable to credit or noncredit factors, was recorded as a charge to earnings.\n(f) Insurance  Statutory Deposits Total carrying values of cash and securities deposited by AIGs insurance subsidiaries under requirements of regulatory authorities were $12.0 billion and $14.6 billion at December 31, 2010 and 2009, respectively.8."}
{"_id": "d8ab68fd0", "title": "", "text": "| Year Ended December 31, | 2010 | (In $ millions) | Employee termination benefits | Ticona Kelsterbach plant relocation | Plumbing actions | Insurance recoveries | Asset impairments | Plant/office closures | Commercial disputes | Other | Total |"}
{"_id": "d89678486", "title": "", "text": "contract U a l o B l i G ation S The following table presents a summary of our future obligations (in?millions) under the terms of existing operating leases and other contractual cash purchase commitments at December 31, 2011.\nOther purchase commitments include contractual amounts that will be due for the purchase of goods or services to be used in our operations and may be cancelable at earlier times than those indicated, under certain conditions that may involve termination fees.\nBecause these obligations are generally of a normal recurring nature, we expect that we will fund them from future cash flows from operations.\nThe information presented does not include operating expenses or capital expenditures that will be committed in the normal course of operations in 2012 and future years.\nThe information also excludes the $4.7?million of uncertain tax positions discussed in Note 9 to our consolidated financial statements because it is not possible to estimate the time period in which a payment might be made to the tax authorities."}
{"_id": "d8b1d27d6", "title": "", "text": "| December 31, 2014 December 31, 2013 | Estimated fair value hierarchy | (in billions) | Financial assets | Cash and due from banks | Deposits with banks | Accrued interest and accounts receivable | Federal funds sold and securities purchased under resale agreements | Securities borrowed | Securities, held-to-maturity(a) | Loans, net of allowance for loan losses(b) | Other(c) | Financial liabilities | Deposits | Federal funds purchased and securities loaned or sold under repurchase agreements | Commercial paper | Other borrowed funds | Accounts payable and other liabilities | Beneficial interests issued by consolidated VIEs | Long-term debt and junior subordinated deferrable interest debentures(d) |"}
{"_id": "d8e7d750c", "title": "", "text": "| Revenue Mix Summary Year Ended Comparable Store Sales Summary Year Ended | February 27, 2010 | Consumer electronics | Home office | Entertainment software | Appliances | Services | Other | Total |"}
{"_id": "d8727eecc", "title": "", "text": "Cash dividends have been paid on common stock every year since 1942.\n(1) Prior year balances of deferred tax assets/(liabilities) have been revised to reflect current year presentation.\nSee Note 4 to our Consolidated Financial Statements.\nBoeing Military Aircraft Results of Operations\nRevenues BMA revenues in 2015 decreased by $18 million compared with 2014 primarily due to lower revenues of $1,083 million from fewer deliveries and mix on the F/A-18, Apache and V-22 programs, partially offset by higher revenues related to a cumulative catch-up adjustment recorded in the third quarter of 2015 on the F-15 program due to contract negotiations and higher milestone revenue on the USAF KC-46A Tanker program.\nBMA revenues in 2014 decreased by $1,775 million, or 12%, compared with 2013 primarily due to a reduction of revenue of $1,730 million related to F-15 and USAF KC-46A Tanker milestones, fewer C-17 aircraft deliveries and delivery mix on the P-8 program.\nEarnings From Operations BMA earnings from operations in 2015 increased by $17 million compared with 2014 primarily due to lower C-17 charges, higher Chinook deliveries and higher earnings on the F-15 program, primarily due to a cumulative catch-up adjustment recorded in the third quarter of 2015.\nThese increases were partially offset by higher charges of $135 million on the USAF KC-46A Tanker contract and lower earnings on proprietary programs.\nBMA recorded charges of $322 million in the second quarter of 2015 and $187 million in the second quarter of 2014 related to the USAF KC-46A Tanker contract.\nIn addition, BMA recorded a charge of $48 million in the first quarter of 2014 to write-off inventory and accrue termination liabilities as a result of our decision to produce three fewer C-17 aircraft in 2015 than previously planned.\nNet favorable cumulative contract catch-up adjustments were $96 million lower in 2015 than in 2014 primarily driven by the USAF KC-46A Tanker charges and lower favorable F/A-18 adjustments, partially offset by higher favorable F-15 program adjustments.\nBMA earnings from operations in 2014 decreased by $200 million, or 13%, compared with 2013 primarily due to 2014 charges of $235 million and lower earnings of $73 million related to fewer deliveries on the C-17 program.\nThe charges recorded in 2014 included $187 million related to the USAF KC-46A Tanker contract and $48 million to write off inventory and accrue termination liabilities as a result of our 2014 decision to produce three fewer C-17 aircraft in 2015 than previously planned.\nSee Note 11 to our Consolidated Financial Statements.\nThese decreases were partially offset by higher earnings of $65 million related to improved performance on the F/A-18 program.\nIn addition, in 2013, we recorded a charge of $64 million to write off inventory and accrue termination liabilities as a result of the Republic of Korea's announcement to restart its F-X fighter aircraft competition.\nNet favorable cumulative contract catch-up adjustments were $39 million lower in 2014 than in 2013 primarily driven by the reach-forward loss on the USAF KC-46A Tanker contract, partially offset by higher favorable adjustments to the F/A-18 and F-15 programs.\nPurchase Obligations Recorded on the Consolidated Statements of Financial Position Purchase obligations recorded on the Consolidated Statements of Financial Position primarily include accounts payable and certain other current and long-term liabilities including accrued compensation.\nIndustrial Participation Agreements We have entered into various industrial participation agreements with certain customers outside of the U. S.  to facilitate economic flow back and/or technology transfer to their businesses or government agencies as the result of their procurement of goods and/or services from us.\nThese commitments may be satisfied by our placement of direct work or vendor orders for supplies, opportunities to bid on supply contracts, transfer of technology or other forms of assistance.\nHowever, in certain cases, our commitments may be satisfied through other parties (such as our vendors) who purchase supplies from our non-U.\nS.  customers.\nWe do not commit to industrial participation agreements unless a contract for sale of our products or services is signed.\nIn certain cases, penalties could be imposed if we do not meet our industrial participation commitments.\nDuring 2015, we incurred no such penalties.\nAs of December 31, 2015, we have outstanding industrial participation agreements totaling $18.4 billion that extend through 2030.\nPurchase order commitments associated with industrial participation agreements are included in purchase obligations in the table above.\nTo be eligible for such a purchase order commitment from us, a foreign supplier must have sufficient capability to meet our requirements and must be competitive in cost, quality and schedule."}
{"_id": "d867e1492", "title": "", "text": "Income Taxes Simon and certain subsidiaries of the Operating Partnership have elected to be taxed as REITs under Sections 856 through 860 of the Internal Revenue Code and applicable Treasury regulations relating to REIT qualification.\nIn order to maintain this REIT status, the regulations require the entity to distribute at least 90% of REIT taxable income to its owners and meet certain other asset and income tests as well as other requirements.\nWe intend to continue to adhere to these requirements and maintain Simon’s REIT status and that of the REIT subsidiaries.\nAs REITs, these entities will generally not be liable for U. S.  federal corporate income taxes as long as they distribute in excess of 100% of their REIT taxable income.\nThus, we made no provision for U. S.  federal income taxes for these entities in the accompanying consolidated financial statements.\nIf Simon or any of the REIT subsidiaries fail to qualify as a REIT, Simon or that entity will be subject to tax at regular corporate rates for the years in which it failed to qualify.\nIf Simon or any of the REIT subsidiaries loses its REIT status it could not elect to be taxed as a REIT for four taxable years following the year during which qualification was lost unless the failure to qualify was due to reasonable cause and certain other conditions were satisfied.\nWe have also elected taxable REIT subsidiary, or TRS, status for some of our subsidiaries.\nThis enables us to provide services that would otherwise be considered impermissible for REITs and participate in activities that do not qualify as “rents from real property”.\nFor these entities, deferred tax assets and liabilities are established for temporary differences between the"}
{"_id": "d873d519a", "title": "", "text": "2007 was driven by the continued conversion to Neulasta?\nfrom NEUPOGEN?\nand changes in foreign exchange, which positively impacted the growth in combined international sales by $74 million.\nExcluding the impact of foreign currency exchange rate changes, combined international Neulasta?/NEUPOGEN?\nsales increased 13%.\nIn addition to the factors mentioned in the Product sales section above, future worldwide Neulasta?/ NEUPOGEN?\nsales will be dependent, in part, on such factors as: ?\npenetration of existing segments; ?\ncompetitive products or therapies, including biosimilar products that have been or may be approved and launched in the EU (see Item 1.  Business  Marketed Products and Selected Product Candidates for additional discussion); ?\nthe availability, extent and access to reimbursement by government and third-party payors; ?\nadverse events or results from clinical trials or studies or meta-analyses performed by us or by others (including our licensees or independent investigators), which could impact product safety labeling and may negatively impact healthcare provider prescribing behavior, use of our products, regulatory or private healthcare organization medical guidelines and reimbursement practices; ?\ngovernmental or private organization regulations or guidelines relating to the use of our products; ?\ncost containment pressures from governments and private insurers on healthcare providers; ?\nour current and future contracting and related pricing strategies; ?\npatient population growth; and ?\ndevelopment of new treatments for cancer and future chemotherapy treatments.\nFor example, targeted therapies and other treatments that are less myelosuppressive, and changes in chemotherapy usage patterns, may require less Neulasta?/NEUPOGEN?.\nSee Item 1.  Business  Key Developments and Item 1A.\nRisk Factors for further discussion of certain of the above factors that could impact our future product sales."}
{"_id": "d8d3fbc40", "title": "", "text": "| Net Interest Income at Risk (%) | Basis point change scenario | Board policy limits | December 31, 2013 |"}
{"_id": "d85fde010", "title": "", "text": "| Year Ended December 31 2014 2013 Variance | Revenues: | Products | Services | Operating Costs: | Products | Services |"}
{"_id": "d87acf00e", "title": "", "text": "| Period Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Program(a) Amount Available for Future Share Repurchases Under the Program(b)(in millions) | October 1, 2012 – October 28, 2012 | October 29, 2012 – November 25, 2012 | November 26, 2012 – December 31, 2012 | Total |"}
{"_id": "d883dba26", "title": "", "text": "| For the Year 2009 | Life | Revenue: | Premium | Net investment income | Other income | Total revenue | Expenses: | Policy benefits | Required interest on net reserves | Amortization of acquisition costs | Commissions and premium tax | Insurance administrative expense-3 | Parent expense | Stock-based compensation expense | Interest expense | Total expenses | Subtotal | Nonoperating items | Measure of segment profitability (pretax) | Deduct applicable income taxes | Segment profits after tax | Add back income taxes applicable to segment profitability | Add (deduct) realized investment gains (losses) and impairments | Deduct loss on Company-occupiedproperty -5 | Pretax income per Consolidated Statement of Operations |"}
{"_id": "d8dce4eba", "title": "", "text": "| 2009 2008 2007 | Treasury | Shares | Beginning Balance, January 1 | Repurchases | Issuances: | Employee Stock-BasedCompensation Plans | Directors' Plan | Ending Balance, December 31 | 2009 | Net debt to net capital at the end of the year | Effect of subtracting cash from debt | Debt to capital at the end of the year |"}
{"_id": "d896fc65a", "title": "", "text": "| Net Sales Orders -1 Fiscal Year Ended September 30, | Net Homes Sold | % | 2009 | East | Midwest | Southeast | South Central | Southwest | West | 17,034 |"}
{"_id": "d8d575e40", "title": "", "text": "The Company conducts substantially all of its operations in the United States.\nThere are no transactions with a single customer that in the aggregate result in revenues that exceed ten percent of consolidated total revenues.\nThe following table summarized the status of the Companys non-vested performance share unit awards and changes for the period indicated:"}
{"_id": "d88000aaa", "title": "", "text": "For further discussion of the companys gas operating revenues and its gas results, see Results of Operations in Item 7.\nFor additional segment information, see Note N to the financial statements in Item 8."}
{"_id": "d89c28714", "title": "", "text": "| Change | 2014 | (In millions, except percentages) | United States | Other Americas | Asia | Europe, Middle East and Africa | Japan | Total revenue |"}
{"_id": "d8867855e", "title": "", "text": "| 2016 2017 | FirstQuarter | Storage Rental Revenue | Service Revenue | Total Revenue |"}
{"_id": "d8e6e6a12", "title": "", "text": "| Years Ended December 31, | 2009 | CIEs | (in millions) | Revenues | Net investment income (loss) | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest and debt expense | General and administrative expense | Total expenses | Pretax income (loss) | Less: Net income (loss) attributable to noncontrolling interests | Pretax loss attributable to Ameriprise Financial |"}
{"_id": "d8734bd46", "title": "", "text": "For the twelve months ended December 31, 2016, 2015 and 2014, 0.1 million stock options, respectively, were antidilutive and therefore excluded from this calculation.\nAccelerated Share Repurchase Program.\nOn October 24, 2014, we entered into an accelerated share repurchase (ASR) program to repurchase shares of our common stock under our approved share repurchase program.\nUnder the ASR program, the number of shares to be repurchased is based generally on the daily volume weighted average price of our common stock during the term of the ASR program.\nOn October 24, 2014, we paid $115 million in exchange for an initial delivery of 1.4 million shares to us, subject to a 10%, or $11.5 million, holdback.\nThe maximum number of shares to be received or delivered under the contracts was 3.2 million.\nThe ASR program was accounted for as an initial treasury stock transaction and a forward stock purchase contract.\nThe initial repurchase of shares resulted in an immediate reduction of the outstanding shares used to calculate the weighted-average common shares outstanding for basic and diluted net income per share on the effective date of the agreement.\nThe forward stock purchase contracts are classified as equity instruments under ASC 815-40 for Contracts in Entitys Own Equity, and were deemed to have a fair value of zero at the effective date.\nOn February 4, 2015, we settled the ASR and received approximately 0.02 million shares.\nCash Equivalents.\nWe consider all highly-liquid investments with an original maturity of three months or less to be cash equivalents.\nTrade Accounts Receivable and Allowance for Doubtful Accounts.\nWe do not recognize interest income on our trade accounts receivable.\nAdditionally, we generally do not require collateral from our customers related to our trade accounts receivable.\nAccounts receivable are stated at cost.\nGross realized and unrealized gains and losses, purchases and sales for Level 3 postretirement assets were not material for the twelve months ended December 31, 2016.\nUSRIP, or the Plan, Investment and Asset Allocation Strategies.\nThe primary goal of the asset allocation strategy of the Plan is to produce a total investment return which will satisfy future annual cash benefit payments to participants and minimize future contributions from the Company.\nAdditionally, this strategy will diversify the plan assets to minimize nonsystemic risk and provide reasonable assurance that no single security or class of security will have a disproportionate impact on the Plan.\nInvestment managers are required to abide by the provisions of ERISA.\nStandards of performance for each manager include an expected return versus an assigned benchmark, a measure of volatility, and a time period of evaluation.\nThe asset allocation strategy is determined by our external advisor forecasting investment returns by asset class and providing allocation guidelines to maximize returns while minimizing the volatility and correlation of those returns.\nInvestment recommendations are made by our external advisor, working in conjunction with our in-house Investment Committee.\nThe asset allocation and ranges are approved by in-house investment fiduciaries and Plan Administrators, who are Named Fiduciaries under ERISA.\nThe Plan, in an effort to meet asset allocation objectives, utilizes a variety of asset classes which have historically produced returns which are relatively uncorrelated to those of the S&P 500 in most environments.\nAsset classes included in this category of alternative assets include hedge funds, private equity (including secondary private equity) and real assets (real estate, funds of hard asset securities and private equity funds focused on real assets).\nThe primary benefits of using these types of asset classes are: (1) their non-correlated returns reduce the overall volatility of the Plans portfolio of assets, and (2) their ability to produce superior risk-adjusted returns.\nAdditionally, the Plan allows certain of their managers, subject to specific risk constraints, to utilize derivative instruments in order to enhance asset return, reduce volatility or both.\nDerivatives are primarily employed by the Plans in their fixed income portfolios and in the hedge fund-of-funds area.\nDerivatives can be used for hedging purposes to reduce risk.\nNo shares of Equifax common stock were directly owned by the Plan at December 31, 2016 or at December 31, 2015.\nNot more than 5% of the portfolio (at cost) shall be invested in the securities of any one issuer, with the exceptions of Equifax common stock or other securities, and U. S.  Treasury and government agency securities.\nThe following asset allocation ranges and actual allocations were in effect as of December 31, 2016 and 2015:"}
{"_id": "d88f99930", "title": "", "text": "| (Millions of Dollars) 2007 2006 Variance 2007 vs. 2006 2005 Variance 2006 vs. 2005 | Operating activities | Investing activities | Financing activities | Net change | Balance at beginning of period | Balance at end of period | (Millions of Dollars) | Operating activities | Investing activities | Financing activities | Net change | Balance at beginning of period | Balance at end of period |"}
{"_id": "d8ae624b6", "title": "", "text": "| (Dollar amounts in millions) December 31, 2012 December 31, 2011 | Cash and cash equivalents | Investments: | Trading investments | Other investments | Other assets | Other liabilities | Non-controlling interests | BlackRock’s net interests in consolidated investment funds |"}
{"_id": "d84dc5f18", "title": "", "text": "| (In millions) 2004 2003 2002 | E&P(a) | Domestic | International | Total E&P | RM&T | IG | Corporate | Total |"}
{"_id": "d8f529c00", "title": "", "text": "| Common Shares Common Stock Additional Paid-In Capital Retained Earnings Accumulated Other Comprehensive Income (Loss) Total Best Buy Co., Inc. Non controlling Interests Total | Balances at March 3, 2007 | Net earnings | Other comprehensive income (loss), net of tax: | Foreign currency translation adjustments | Unrealized losses on available-for-sale investments | Total comprehensive income | Cumulative effect of adopting a new accounting standard related to uncertain tax positions | Stock options exercised | Tax benefit from stock options, restricted stock and employee stock purchase plan | Issuance of common stock under employee stock purchase plan | Stock-based compensation | Common stock dividends, $0.46 per share | Repurchase of common stock | Balances at March 1, 2008 | Net earnings | Other comprehensive (loss) income, net of tax: | Foreign currency translation adjustments | Unrealized losses on available-for-sale investments | Reclassification adjustment for impairment loss on available-for-sale security included in net earnings | Total comprehensive income | Acquisition of business | Acquisition of noncontrolling interest | Stock options exercised | Tax benefit from stock options, restricted stock and employee stock purchase plan | Issuance of common stock under employee stock purchase plan | Stock-based compensation | Common stock dividends, $0.54 per share | Balances at February 28, 2009 | Net earnings | Other comprehensive income, net of tax: | Foreign currency translation adjustments | Unrealized gains on available-for-sale investments | Cash flow hedging instruments — unrealized gain (loss) | Total comprehensive income | Purchase accounting adjustments | Stock options exercised | Tax loss from stock options, restricted stock and employee stock purchase plan | Issuance of common stock under employee stock purchase plan | Stock-based compensation | Common stock dividends, $0.56 per share | Balances at February 27, 2010 |"}
{"_id": "d89ec48d8", "title": "", "text": "| (In millions) 2003 Pro forma2002(a) | Asset retirement obligations as of January 1 | Liabilities incurred during 2003(b) | Liabilities settled during 2003(c) | Accretion expense (included in depreciation, depletion and amortization) | Revisions of previous estimates | Asset retirement obligations as of December 31 |"}
{"_id": "d888db08a", "title": "", "text": "| Estimated Exposure toNet Interest Revenue | (Dollars in millions) | Rate change: | +100 bps shock | –100 bps shock | +100 bps ramp | –100 bps ramp |"}
{"_id": "d89b31b26", "title": "", "text": "| Contribution to Xcel Energy’s Earnings | (Millions of Dollars) | Xcel Energy Inc. financing costs | Eloigne(a) | Xcel Energy Inc. taxes and other results | Total Xcel Energy Inc. and other costs |"}
{"_id": "d8156667c", "title": "", "text": "| Cash $6,406 | Accounts receivable | Amortizable intangibles | Goodwill | Deferred tax assets, net | Other assets, including investment in TradeHelm | Accounts payable, accrued expenses and deferred revenue | Total purchase price |"}
{"_id": "d8f508f8c", "title": "", "text": "| Amount (In Millions) | 2016 net revenue | Retail electric price | Opportunity sales | Asset retirement obligation | Volume/weather | Other | 2017 net revenue |"}
{"_id": "d8d6f44b0", "title": "", "text": "| Twelve months ended December 31, | 2016 | (in millions, except as noted) | Net sales | Cost of sales | Gross margin | Gross margin percentage | Sales volume by product tons (000s) | Sales volume by nutrient tons (000s)(1) | Average selling price per product ton | Average selling price per nutrient ton-1 | Gross margin per product ton | Gross margin per nutrient ton-1 | Depreciation and amortization | Unrealized net mark-to-market loss (gain) on natural gas derivatives |"}
{"_id": "d81114790", "title": "", "text": "Liquidity and Capital Resources Senior management establishes our liquidity and capital policies.\nThese policies include senior managements review of short- and long-term cash flow forecasts, review of monthly capital expenditures, the monitoring of the availability of alternative sources of financing and the daily monitoring of liquidity in our significant subsidiaries.\nOur decisions on the allocation of capital to our business units consider, among other factors, projected profitability and cash flow, risk and impact on future liquidity needs.\nOur treasury department assists in evaluating, monitoring and controlling the impact that our business activities have on our financial condition, liquidity and capital structure as well as maintains the relationships with various lenders.\nThe objectives of these policies are to support the successful execution of our business strategies while ensuring ongoing and sufficient liquidity"}
{"_id": "d8dd8d600", "title": "", "text": "fixed-price purchase options available in the leases could potentially provide benefits to us; however, these benefits are not expected to be significant.\nWe maintain and operate the assets based on contractual obligations within the lease arrangements, which set specific guidelines consistent within the railroad industry.\nAs such, we have no control over activities that could materially impact the fair value of the leased assets.\nWe do not hold the power to direct the activities of the VIEs and, therefore, do not control the ongoing activities that have a significant impact on the economic performance of the VIEs.\nAdditionally, we do not have the obligation to absorb losses of the VIEs or the right to receive benefits of the VIEs that could potentially be significant to the VIEs.\nWe are not considered to be the primary beneficiary and do not consolidate these VIEs because our actions and decisions do not have the most significant effect on the VIEs performance and our fixed-price purchase price options are not considered to be potentially significant to the VIEs.\nThe future minimum lease payments associated with the VIE leases totaled $3.6 billion as of December 31, 2012.16.\nLeases We lease certain locomotives, freight cars, and other property.\nThe Consolidated Statements of Financial Position as of December 31, 2012 and 2011 included $2,467 million, net of $966 million of accumulated depreciation, and $2,458 million, net of $915 million of accumulated depreciation, respectively, for properties held under capital leases.\nA charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our Consolidated Statements of Income.\nFuture minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2012, were as follows:"}
{"_id": "d85ee0956", "title": "", "text": "| Actual Minimum Capital Adequacy | (in millions, except ratio data) | As of December 31, 2018 | Common equity tier 1 capital-1 | Tier 1 capital-2 | Total capital-3 | Tier 1 leverage-4 | As of December 31, 2017 | Common equity tier 1 capital-1 | Tier 1 capital-2 | Total capital-3 | Tier 1 leverage-4 |"}
{"_id": "d8f5488d0", "title": "", "text": "Third-party sales for this segment increased 4% in 2014 compared with 2013, primarily due to higher volumes and the acquisition of Firth Rixson ($81see above).\nThe higher volumes were mostly related to the aerospace (commercial) and commercial transportation end markets, somewhat offset by lower volumes in the industrial gas turbine end market.\nATOI for the Engineered Products and Solutions segment increased $16 in 2015 compared with 2014, principally the result of net productivity improvements across most businesses, a positive contribution from inorganic growth, and overall higher volumes in this segments organic businesses.\nThese positive impacts were partially offset by unfavorable price/product mix, higher costs related to growth projects, and net unfavorable foreign currency movements, primarily related to a weaker euro.\nATOI for this segment climbed $10 in 2014 compared with 2013, mainly due to net productivity improvements across all businesses and overall higher volumes, partially offset by higher costs, primarily labor, and unfavorable product mix.\nIn 2016, demand in the commercial aerospace end market is expected to remain strong, driven by significant order backlog.\nAlso, third-party sales will include a positive impact due to a full year of sales related to the acquisitions of RTI and TITAL.\nAdditionally, net productivity improvements are anticipated while pricing pressure across all markets is expected."}
{"_id": "d876fa082", "title": "", "text": "| Defined benefit pension plans(a) OPEB plan(d) | Asset | December 31, | Asset class | Debt securities(b) | Equity securities | Real estate | Alternatives(c) | Total | Defined benefit pension plans | 2018 | December 31,(in millions) | Cash and cash equivalents | Equity securities | Mutual funds | Collective investment funds(a) | Limited partnerships(b) | Corporate debt securities(c) | U.S. federal, state, local and non-U.S. government debt securities | Mortgage-backed securities | Derivative receivables | Other(d) | Total assets measured at fair value(e) | Derivative payables | Total liabilities measured at fair value(e) |"}
{"_id": "d879c5758", "title": "", "text": "| Severance Pay and Benefits Outside Services Other Direct Costs Total | 2010 | Accrued balance as of January 1 | Costs incurred | Payments | Noncash and exchange | Accrued balance as of December 31 | 2011 | Costs incurred | Payments | Noncash and exchange | Accrued balance as of December 31 | 2012 | Costs incurred | Payments | Noncash and exchange | Accrued balance as of December 31 |"}
{"_id": "d8cb2d53c", "title": "", "text": "| As of December 31, | in billions | Alternative investments1 | Equity | Fixed income | Total non-money market assets | Money markets | Total assets under management (AUM) | Other client assets | Total assets under supervision (AUS) |"}
{"_id": "d8a2425b4", "title": "", "text": "| October 31, 2006 October 31, 2005 Dollar Change % Change | (dollars in millions) | $122.6 |"}
{"_id": "d8f57e0e8", "title": "", "text": "| September 30, | 2010 | (in 000's) | Short-Term Other Borrowings: | Federal Home Loan Bank Advances-1 | Borrowings on Secured Lines of Credit-2 | Borrowings on Unsecured Lines of Credit-3 | Total Short-Term Other Borrowings | Long-Term Other Borrowings: | Federal Home Loan Bank Advances-1 | Total Other Borrowings | Year Ended September 30, | 2010 | AverageBalance | ($ in 000's) | Interest-Earning Assets: | Margin Balances | Assets Segregated Pursuant to Regulations and Other Segregated Assets | Bank Loans, Net of Unearned Income-1 | Available for Sale Securities | Trading Instruments | Stock Borrow | Interest-Earning Assets of Variable Interest Entities | Other | Total Interest Income | Interest-Bearing Liabilities: | Brokerage Client Liabilities | Deposits-1 | Stock Loan | Borrowed Funds | Senior Notes | Interest-Expense of Variable Interest Entities | Other | Total Interest Expense | Net Interest Income |"}
{"_id": "d8dd01100", "title": "", "text": "| 2004 2003 | (In millions) | Financial assets: | Cash and cash equivalents | Receivables | Receivables from United States Steel | Investments and long-term receivables | Total financial assets | Financial liabilities: | Accounts payable | Payables to United States Steel | Accrued interest | Long-term debt (including amounts due within one year) | Total financial liabilities |"}
{"_id": "d89337aba", "title": "", "text": "Gross Profit Gross profit for Fiscal 2011 was $3,069.3 million, or 49.7% of net sales, as compared to $2,961.3 million, or 50.0% of net sales, in Fiscal 2010, a decrease of 24 basis points.\nThis decrease in gross profit as a percentage of net sales was driven by increased shrink expense, supply chain deleverage due to investments in HUBs and higher fuel costs and commodity price inflation partially offset by improved merchandising and pricing capabilities (such as global sourcing and price optimization) and improved parts availability."}
{"_id": "d8143a280", "title": "", "text": "DUKE ENERGY CORPORATION· DUKE ENERGY CAROLINAS, LLC· PROGRESS ENERGYINC.\n· DUKE ENERGY PROGRESS, LC· DUKE ENERGY FLORIDA, LLC· DUKE ENERGY OHIO, INC. · DUKE ENERGY INDIANA, LC· PIEDMONT NATURAL GAS COMPANY INC.\nCombined Notes to Consolidated Financial Statements – (Continued) On August 4, 2016, pursuant to N. C.  Gen.  Stat.105-130.3C, the North Carolina Department of Revenue announced the North Carolina corporate income tax rate would be reduced from a statutory rate of 4.0 percent to 3.0 percent beginning January 1, 2017.\nDuke Energy and Piedmont recorded net reductions of approximately $80 million and $16 million to their North Carolina deferred tax liabilities in the third quarter of 2016.\nThe significant majority of this deferred tax liability reduction was offset by recording a regulatory liability pending NCUC determination of the disposition of amounts related to Duke Energy Carolinas, Duke Energy Progress and Piedmont.\nThe impact did not have a significant impact on the financial position, results of operation, or cash flows of Duke Energy, Duke Energy Carolinas, Progress Energy or Duke Energy Progress.\nOn June 28, 2017, the North Carolina General Assembly amended N. C.  Gen.  Stat.105-130.3, reducing the North Carolina corporate income tax rate from a statutory rate of 3.0 percent to 2.5 percent beginning January 1, 2019.\nDuke Energy recorded a net reduction of approximately $55 million to their North Carolina deferred tax liabilities in the second quarter of 2017.\nThe significant majority of this deferred tax liability reduction was offset by recording a regulatory liability pending NCUC determination of the disposition of amounts related to Duke Energy Carolinas, Duke Energy Progress and Piedmont.\nThe impact did not have a significant impact on the financial position, results of operation or cash flows of Duke Energy, Duke Energy Carolinas, Progress Energy or Duke Energy Progress."}
{"_id": "d8f8899d6", "title": "", "text": "| December 31, | 2008 | Cash, cash equivalents and marketable securities | Total assets | Current debt | Non-current debt | Stockholders’ equity | For the Year 2010 | Life | Revenue: | Premium | Net investment income | Other income | Total revenue | Expenses: | Policy benefits | Required interest on net reserves | Amortization of acquisition costs | Commissions and premium tax | Insurance administrative expense-3 | Parent expense | Stock-based compensation expense | Interest expense | Total expenses | Measure of segment profitability (pretax) | Deduct applicable income taxes | Segment profits after tax | Add back income taxes applicable to segment profitability | Add (deduct) realized investment gains (losses) and impairments | Pretax income per Consolidated Statement of Operations |"}
{"_id": "d8d2c9bce", "title": "", "text": "| (in millions) 2017 2016 | Beginning of year balance | Acquisitions-1 | Goodwill adjustments related to Quellos-2 | End of year balance |"}
{"_id": "d811dc146", "title": "", "text": "| Year Ended December | $ in millions | Unsecured short-term borrowings | Unsecured long-term borrowings | Other liabilities and accrued expenses | Other | Total | As of December | $ in millions | Performing loans and long-term receivables | Aggregate contractual principal in excess of fair value | Aggregate contractual principal in excess of fair value | Aggregate fair value of loans on nonaccrual status and/or more than90 days past due |"}
{"_id": "d89644848", "title": "", "text": "| December 31, | 2015 | (in millions) | Variable annuity | VUL insurance | Other insurance | Threadneedle investment liabilities | Total |"}
{"_id": "d8f25f772", "title": "", "text": "(a) Under some leases, Xcel Energy would have to sell or purchase the property that it leases if it chose to terminate before the scheduled lease expiration date.\nMost of Xcel Energys railcar, vehicle and equipment and aircraft leases have these terms.\nAt Dec.  31, 2008, the amount that Xcel Energy would have to pay if it chose to terminate these leases was approximately $162.1 million.\nIn addition, at the end of the equipment leases terms, each lease must be extended, equipment purchased for the greater of the fair value or unamortized value or equipment sold to a third party with Xcel Energy making up any deficiency between the sales price and the unamortized value.\n(b) Included in operating lease payments are $160.3 million, $305.0 million, $292.5 million and $2.3 billion, for the less than 1 year, 1-3 years, 4-5 years and after 5 years categories, respectively, pertaining to nine purchase power agreements that were accounted for as operating leases.\n(c) Included in other long-term obligations are tax and interest related to unrecognized tax benefits recorded according to FIN 48.\n(d) Xcel Energy and its subsidiaries have contracts providing for the purchase and delivery of a significant portion of its current coal, nuclear fuel and natural gas requirements.\nAdditionally, the utility subsidiaries of Xcel Energy have entered into agreements with utilities and other energy suppliers for purchased power to meet system load and energy requirements, replace generation from company-owned units under maintenance and during outages, and meet operating reserve obligations.\nCertain contractual purchase obligations are adjusted based on indices.\nThe effects of price changes are mitigated through cost-of-energy adjustment mechanisms.\n(e) Xcel Energy also has outstanding authority under contracts and blanket purchase orders to purchase up to approximately $1.5 billion of goods and services through the year 2050, in addition to the amounts disclosed in this table and in the forecasted capital expenditures."}
{"_id": "d8ce2f4d8", "title": "", "text": "| (in thousands, except per share data) 2015 2014 2013 2012 2011 | Consolidated statement of income data: | Revenues, net | Expenses: | Merchant commissions | Processing | Selling | General and administrative | Depreciation and amortization | Other operating, net | Operating income | Equity method investment loss | Other expense (income), net | Interest expense, net | Loss on early extinguishment of debt | Total other expense | Income before income taxes | Provision for income taxes | Net income | Earnings per share: | Earnings per share, basic | Earnings per share, diluted | Weighted average shares outstanding, basic | Weighted average shares outstanding, diluted | As of December 31, | (in thousands) | Consolidated balance sheet data: | Cash and cash equivalents | Restricted cash-1 | Total assets-2 | Total debt | Total stockholders’ equity-2 |"}
{"_id": "d8ccdf70e", "title": "", "text": "| Notional Amounts Derivative Assets Derivative (Liabilities) | Derivative Instrument(a) | March 28, 2009 | (millions) | Designated Hedges: | FC — Inventory purchases | FC — I/C royalty payments | FC — Interest payments | FC — I/C marketing contributions | FC — Operational obligations | Net Investment — Euro Debt | Total Designated Hedges | Undesignated Hedges: | FC — Inventory purchases | FC — Forecasted sales | FC — Other(d) | Total Undesignated Hedges | Total Derivatives |"}
{"_id": "d8a700452", "title": "", "text": "nsurers.\nThe outstanding balance of $35.9 million is expected to be fully recovered.\nTiming of the recovery is dependent on final resolution of the declaratory judgment action referred to below.\nAt December 31, 2007, insurers owed $20.6 million in association with these claims.\nAt December 31, 2008, the Company has an estimated liability of $34.7 million for future claims resolutions, with a related asset of $34.7 million to recognize the insurance proceeds receivable by the Company for estimated losses related to claims that have yet to be resolved.\nInsurance carrier reimbursement of 100% is expected based on the Companys experience, its insurance contracts and decisions received to date in the declaratory judgment action referred to below.\nAt December 31, 2007, the comparable value of the insurance receivable and accrued liability was $39.6 million.\nThe amounts recorded in the Consolidated Balance Sheets related to the estimated future settlement of existing claims are as follows:"}
{"_id": "d8bf4f094", "title": "", "text": "(M) Disclosures about Fair Value of Financial Instruments As of March 31, 2002 and 2003, the Company’s financial instruments were comprised of cash and cash equivalents, marketable securities, accounts receivable and accounts payable, the carrying amounts of which approximated fair market value.\n(N) Comprehensive Income SFAS No.130, Reporting Comprehensive Income, requires disclosure of all components of comprehensive income and loss on an annual and interim basis.\nComprehensive income and loss is defined as the change in equity of a business enterprise during a period from transactions and other events and circumstances from non-owner sources.\nOther than the reported net loss, there were no components of comprehensive income or loss which require disclosure for the years ended March 31, 2001, 2002 and 2003."}
{"_id": "d8826ed5a", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | Electric | Generation | Transmission | Distribution | Gas* | Steam | General | Held for future use | Construction work in progress | Net Utility Plant |"}
{"_id": "d8ed98a7c", "title": "", "text": "Other Arrangements We also maintaina$300 million credit and security facility secured by our U. S.  trade receivables maturing on June 9, 2017.\nThe credit and security facility requires that we maintain a maximum leverage covenant consistent with the 2015 Facility.\nThe maximum leverage ratio requirement is 4.5 times and our actual leverage ratio as of December 31, 2015 is 3.0 times.\nWe had no borrowings outstanding under this facility as of December 31, 2015 and December 31, 2014.\nWe have accounts receivable factoring programs in certain European countries that we account for as sales under ASC Topic 860, Transfers and Servicing.\nThese agreements provide for the sale of accounts receivable to third parties, without recourse, of up to approximately $392 million as of December 31, 2015.\nWe have no retained interests in the transferred receivables, other than collection and administrative responsibilities and, once sold, the accounts receivable are no longer available to satisfy creditors in the event of bankruptcy.\nWe de-recognized $151 million of receivables as of December 31, 2015 at an average interest rate of 2.4 percent, and $167 million as of December 31, 2014 at an average interest rate of 3.2 percent.\nIn addition, we have uncommitted credit facilities with a commer\text{cial Japanese bank that provide for borrowings, promissory notes discounting and receivables factoring of up to 21.0 billion Japa\text{nese yen (approximately $175 million as of December 31, 2015).\nWe de-recognized $132 million of notes receivable as of December 31, 2015 at an average interest rate of 1.6 percent and $134 million of notes receivable as of December 31, 2014 at an average interest rate of 1.8 percent.\nDe-recognized accounts and notes receivable are excluded from trade accounts receivable, net in the accompanying consolidated balance sheets.\nAs of December 31, 2015, we had outstanding letters of credit of $44 million, as compared to $59 million as of December 31, 2014, which consisted primarily of bank guarantees and collateral for workers’ compensation insurance arrangements.\nAs of December 31, 2015 and 2014, none of the beneficiaries had drawn upon the letters of credit or guarantees; accordingly, we have not recognized a related liability for our outstanding letters of credit in our consolidated balance sheets as of December 31, 2015 or 2014.\nWe believe we will generate sufficient cash from operations to fund these payments and intend to fund these payments without drawing on the letters of credit."}
{"_id": "d8751627a", "title": "", "text": "NOTE DGOODWILL AND OTHER INTANGIBLE ASSETS The gross carrying amount of goodwill and other intangible assets and the related accumulated amortization for intangible assets subject to amortization and accumulated write-offs of goodwill as of December 31, 2016 and 2015 are as follows:"}
{"_id": "d8e95dbd8", "title": "", "text": "Recently Issued Accounting Standards In January 2016, the Financial Accounting Standards Board (FASB) issued amended guidance to the recognition, measurement, presentation and disclosures of financial instruments effective January 1, 2018 with early adoption not permitted.\nThe new guidance requires that fair value adjustments for equity securities with readily determinable fair values currently classified as available-for-sale be reported through earnings.\nThe new guidance also requires a qualitative impairment assessment for equity investments without a readily determinable fair value and would require an impairment charge through earnings if the assessment indicates an impairment exists.\nThe Company is assessing the potential impact of the new standard on our consolidated financial statements.\nIn November 2015, the FASB issued amended guidance on the presentation of deferred tax assets and liabilities.\nThe new guidance requires all deferred tax assets and liabilities to be classified as non-current.\nBMS elected to early adopt this standard as of December 31, 2015 prospectively.\nRefer to \"—Note 8.\nIncome taxes\" for further information.\nIn April 2015, the FASB issued amended guidance on the presentation of debt issuance costs.\nThe new guidance requires debt issuance costs to be presented as a reduction to the carrying value of debt in the balance sheet, consistent with debt discounts.\nBMS elected to early adopt this standard as of December 31, 2015.\nThe adoption of this standard did not have a material impact on our consolidated financial statements.\nRefer to \"—Note 10.\nFinancial Instruments and Fair Value Measurements\" for further information.\nIn May 2014, the FASB issued a new standard related to revenue recognition, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers.\nThe new standard will replace most of the existing revenue recognition standards in U. S.  GAAP when it becomes effective.\nIn July 2015, the FASB decided to delay the effective date by one year to January 1, 2018.\nEarly adoption is permitted no earlier than 2017.\nThe new standard can be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of the change recognized at the date of the initial application in retained earnings.\nThe Company is assessing the potential impact of the new standard on financial reporting and has not yet selected a transition method.\nIn April 2014, the FASB issued amended guidance on the use and presentation of discontinued operations in an entity's consolidated financial statements.\nThe new guidance restricts the presentation of discontinued operations to business circumstances when the disposal of business operations represents a strategic shift that has or will have a major effect on an entity's operations and financial results.\nThe guidance became effective on January 1, 2015."}
{"_id": "d8a4e646e", "title": "", "text": "| Three Months Ended Twelve Months Ended | (Dollars in Millions, Except Per Share Amounts) | Net revenue | Gross margin | Gross margin percentage | Operating income | Net income | Diluted earnings per common share |"}
{"_id": "d8a321a7a", "title": "", "text": "| Revenue Mix Summary Comparable Store Sales Summary | 12 Months Ended January 31, 2015 | Consumer Electronics | Computing and Mobile Phones | Entertainment | Appliances | Services | Other | Total |"}
{"_id": "d8848a530", "title": "", "text": "| December 31, 2009  Debt Service Coverage Ratio | Greater than  2.0x | Loan-to-Value Ratio | 0%—50% | 50%—60% | 60%—70% | 70%—80% | 80%—90% | 90%—100% | Greater than 100% | Total commercial mortgage loans |"}
{"_id": "d824b7ec8", "title": "", "text": "| Location Fuel Type Ownership Interest   (%) Gross Capacity   (MW) Percentage of   Gross Capacity   Under Long-Term   Contract   (%) | California | Connecticut | Michigan | Michigan | Michigan | Michigan | Michigan | North Carolina | Total |"}
{"_id": "d8ec82156", "title": "", "text": "| Fiscal Year ($ in millions) | 2007 | 2008 | 2009 | 2010 | 2011 | Thereafter | Total minimum lease payments where we are the primary obligor |"}
{"_id": "d8b2ec806", "title": "", "text": "| Fiscal Year | Health care cost trend rate for next year | Rate to which the cost trend rate is assumed to decline (ultimate rate) | Year that the rate reaches the ultimate trend rate |"}
{"_id": "d89d0b096", "title": "", "text": "| 2015 2014 2013 | Third-party aluminum shipments (kmt) | Alcoa’s average realized price per metric ton of aluminum* | Third-party sales | Intersegment sales | Total sales | ATOI |"}
{"_id": "d88c35866", "title": "", "text": "| Table 5 Noninterest Expense | (Dollars in millions) | Personnel | Occupancy | Equipment | Marketing | Professional fees | Amortization of intangibles | Data processing | Telecommunications | Other general operating | Goodwill impairment | Merger and restructuring charges | Total noninterest expense |"}
{"_id": "d88909070", "title": "", "text": "| 2006 2005 2004 | Federal funds purchased: | Average amount outstanding | Weighted average rate | Highest month-end balance | Year-end balance | Weighted average rate on outstandings at year-end | Security repurchase agreements: | Average amount outstanding | Weighted average rate | Highest month-end balance | Year-end balance | Weighted average rate on outstandings at year-end |"}
{"_id": "d8c6e8ecc", "title": "", "text": "LIQUIDITY AND CAPITAL RESOURCES We maintained a strong financial position throughout 2018 and as of 30 September 2018 our consolidated balance sheet included cash and cash items of $2,791.3.\nWe continue to have consistent access to commercial paper markets, and cash flows from operating and financing activities are expected to meet liquidity needs for the foreseeable future.\nAs of 30 September 2018, we had $995.1 of foreign cash and cash items compared to a total amount of cash and cash items of $2,791.3.\nAs a result of the Tax Act, we currently do not expect that a significant portion of the earnings of our foreign subsidiaries and affiliates will be subject to U. S.  income tax upon subsequent repatriation to the United States.\nDepending on the country in which the subsidiaries and affiliates reside, the repatriation of these earnings may be subject to foreign withholding and other taxes.\nHowever, since we have significant current investment plans outside the U. S. , it is our intent to permanently reinvest the majority of our foreign cash and cash items that would be subject to additional taxes outside the U. S.  Refer to Note 22, Income Taxes, for additional information."}
{"_id": "d89c92baa", "title": "", "text": "| For the year ended December 31 2003 2002 | (in millions) | Provision for loan losses | Provision for lending-related commitments | Securitized credit losses | Total managed credit costs |"}
{"_id": "d81143a0e", "title": "", "text": "Research and Development The N&SS research and development funding remains focused on the development of communications, command and control, computers, intelligence, surveillance and reconnaissance systems (C4ISR); communications and command and control (C3) capabilities that support a network-enabled architecture approach for our various government customers.\nWe are investing in communications capabilities to enable connectivity between existing air/ground platforms, increase communications availability and bandwidth through more robust space systems, and leverage innovative communications concepts.\nKey programs in this area include JTRS, FCS, Global Positioning System, Tracking and Data Relay Satellite, Ares 1 Crew Launch Vehicle and GMD.\nInvestments were also made to support concepts that may lead to the development of next-generation space intelligence systems.\nAlong with increased funding to support these areas of architecture and network-enabled capabilities development, we also maintained our investment levels in global missile defense and advanced missile defense concepts and technologies."}
{"_id": "d8863d1a2", "title": "", "text": "| In millions 2014 2013 2012 | Sales | Operating Profit (Loss) |"}
{"_id": "d83b5a1d0", "title": "", "text": "| Year Ended September 30, | 2009 | (in 000's) | Total share-based compensation expense | Income tax benefits related to share-based compensation |"}
{"_id": "d890e026c", "title": "", "text": "| As of December 31, 2007 Notional Amount Interest Rate Term Carrying Amount and Fair Value | Interest rate swap agreement | Interest rate swap agreement | Total |"}
{"_id": "d8ecca0be", "title": "", "text": "Net Income: The Company’s net income for the year ended December 31, 2008 was $111.7 million as compared to net income of $82.4 million for the year ended December 31, 2007.\nDiluted earnings per share was $1.29 for the year ended December 31, 2008 and $1.02 for the year ended December 31, 2007.\nThe weighted average shares used in computing diluted earnings per share were 86.8 million and 81.1 million during the years ended December 31, 2008 and 2007, respectively."}
{"_id": "d83dd4b18", "title": "", "text": "Earnings from operations in 2017 increased by $4,444 million compared with 2016, primarily due to higher earnings at BCA and BDS, and higher unallocated pension income, which more than offset other unallocated items and eliminations.\nBCA's 2017 earnings increased by $3,437 million primarily reflecting lower reach-forward losses, lower research and development costs, and improved margins reflecting favorable cost performance, which more than offset the impact of lower revenues.\nIn 2016, BCA recorded reach-forward losses of $1,258 million on the 747 program and reclassified $1,235 million of 787 flight test aircraft inventory costs to research and development expense.\nBDS earnings from operations in 2017 increased by $257 million compared with 2016 primarily due to lower charges on the KC-46A Tanker and Commercial Crew programs, which more than offset the impact of fewer C-17 deliveries and Apache delivery mix.\nEarnings from operations in 2016 decreased by $1,609 million compared with 2015 due to lower earnings at BCA, partially offset by the change in unallocated pension and postretirement income/(expense).\nBCA earnings in 2016 decreased by $2,289 million primarily due to the reclassification of $1,235 million of 787 flight test aircraft costs to research and development and higher reach-forward losses on the 747 and KC-46ATanker programs.\nThe reclassification of flight test aircraft costs was recorded in the second quarter of 2016 as a result of our determination that two 787 flight test aircraft were no longer commercially saleable.\nThe change in the unallocated pension and postretirement income/(expense) in 2016 was primarily driven by lower service costs and lower amortization of actuarial losses.\nDuring 2017, 2016 and 2015, we recorded reach-forward losses on the KC-46A Tanker program.\nIn 2017, we recorded charges of $471 million, of which $378 million was recorded at BCA and $93 million at BDS.\nDuring 2016, we recorded charges of $1,128 million: $772 million at BCA and $356 million at BDS.\nDuring 2015, we recorded charges of $835 million: $513 million at BCA and $322 million at BDS.\nDuring 2016 and 2015 we recorded reach-forward losses on the 747 program of $1,258 million and $885 million.\nCore operating earnings for 2017 increased by $3,506 million compared with 2016 primarily due to lower reach forward losses and the reclassification of costs related to the 787 flight test aircraft in 2016.\nCore operating earnings in 2016 decreased by $2,227 million compared with 2015 primarily due to the reclassification of costs related to the 787 flight test aircraft and higher charges on the 747 and KC-46A Tanker programs described above."}
{"_id": "d85db9e9c", "title": "", "text": "| Increase/(Decrease)in Fair Market Value | As of December 31, | 2016 | 2015 |"}
{"_id": "d8e5a95f0", "title": "", "text": "| Impact of foreign currency exchange rate fluctuations -6.4% | Comparable sales impact | Net store changes | Non-comparable sales-1 | Total revenue decrease |"}
{"_id": "d899b62b0", "title": "", "text": "CITIZENS FINANCIAL GROUP, INC.  MANAGEMENT'S DISCUSSION AND ANALYSIS 79 Noninterest income of $1.7 billion in 2014 increased $46 million, or 3%, from $1.6 billion in 2013, driven by a $288 million pre-tax gain on the Chicago Divestiture, which was recorded in other income, and a $38 million increase in capital markets fees, partially offset by a $116 million decrease in net securities gains, an $82 million decrease in mortgage banking fees, and a $66 million decrease in service charges and fees.\nMortgage banking fees reflected overall lower origination volume, the decision to hold more loans on-balance sheet, and were also negatively impacted by a reduction in the recovery of mortgage servicing rights valuations from the prior year.\nThe decrease in service charges and fees are driven by lower personal overdraft fees resulting from a November 2013 change to our check-posting methodology.\nProvision for Credit Losses Provision for credit losses of $319 million in 2014 decreased $160 million from $479 million in 2013, driven by a $178 million reduction in net charge-offs.\nAdditionally, while overall credit quality continued to improve in 2014, the rate of improvement slowed relative to 2013.\nAs a result, 2014 provision for credit losses included a release of $4 million from the allowance for credit losses (the amount by which net charge-offs exceeded the provision) compared with a release of $22 million in 2013.\nThe provision for loan and lease losses is the result of a detailed analysis performed to estimate an appropriate and adequate allowance for loan and lease losses (ALLL).\nThe total provision for credit losses included the provision for loan and lease losses as well as the provision for unfunded commitments.\nRefer to Analysis of Financial Condition  Allowance for Credit Losses and Nonperforming Assets for more information."}
{"_id": "d82afa754", "title": "", "text": "Intuit Websites In July 2012 management having the authority to do so formally approved a plan to sell our Intuit Websites business, which was a component of our Small Business reportable segment.\nThe decision was the result of a shift in our strategy for helping small businesses to establish an online presence.\nOn August 10, 2012 we signed a definitive agreement to sell our Intuit Websites business and on September 17, 2012 we completed the sale for approximately $60 million in cash.\nWe recorded a gain on disposal of approximately $32 million, net of income taxes.\nWe determined that our Intuit Websites business became a long-lived asset held for sale in the fourth quarter of fiscal 2012.\nA long-lived asset classified as held for sale is measured at the lower of its carrying amount or fair value less cost to sell.\nSince the carrying value of Intuit Websites at July 31, 2012 was less than the estimated fair value less cost to sell, no adjustment to the carrying value of this long-lived asset was necessary at that date."}
{"_id": "d8ccb96c6", "title": "", "text": "| Year Ended December 31, | 2009 | (millions) | Capitalized Exploratory Well Costs, Beginning of Period | Additions to Capitalized Exploratory Well Costs Pending Determination of Proved Reserves | Reclassified to Proved Oil and Gas Properties Based on Determination of Proved Reserves | Capitalized Exploratory Well Costs Charged to Expense | Capitalized Exploratory Well Costs, End of Period |"}
{"_id": "d88f87672", "title": "", "text": "International Operating Margin. ?\n?Operating margin decreased to 20.0% in 2015 as compared to 21.1% in 2014.\nThe decline primarily resulted from geographic and product mix, regionalization efforts, and investments in the U. K.  Operating margin decreased in 2014 as compared to 2013 due to recent acquisitions, including increased acquisition-related amortization expense of $23.3 million in 2014, related to the recent acquisitions.\nThe declines in margin were also a result of inflation-driven pressures on margin in Argentina."}
{"_id": "d873aca9c", "title": "", "text": "Surrenders and partial withdrawals decreased 9.5% to $5.31 billion in 2008 from $5.87 billion in 2007 due to lower surrenders and partial withdrawals on market value adjusted annuities and traditional fixed annuities, partially offset by higher surrenders and partial withdrawals on interest-sensitive life insurance products and, to a lesser extent, increased withdrawals on Allstate Bank products.\nThe surrender and partial withdrawal rate on deferred fixed annuities, interest-sensitive life insurance products and Allstate Bank products, based on the beginning of period contractholder funds, was 12.2% in 2008 compared to 13.3% in 2007.\nSurrenders and partial withdrawals decreased 1.2% in 2007 compared to 2006.\nThis decline was due to lower surrenders and partial withdrawals on interest-sensitive life insurance policies and the classification of the net change in variable annuity contractholder funds as other adjustments subsequent to the effective date of our reinsurance agreements with Prudential.\nThese declines were partially offset by an 11.2% increase in surrenders and partial withdrawals on fixed annuities.\nThe surrenders and partial withdrawals line in the table above, for 2006 includes $120 million related to the reinsured variable annuity business.\nThe surrender and partial withdrawal rate on deferred fixed annuities, interest-sensitive life insurance products and Allstate Bank products, based on the beginning of period contractholder funds, was 13.3% in 2007 compared to 13.9% in 2006.\nThe improvement in the surrender and partial withdrawal rate in 2007 compared to 2006 was primarily due to a block of corporate owned life insurance policies that terminated in 2006 due to the bankruptcy of the policyholder.\nNet investment income decreased 11.3% in 2008 compared to 2007 and increased 3.0% in 2007 compared to 2006.\nThe decline in 2008 was primarily due to lower investment yields on floating rate securities, increased short-term investment balances reflecting liquidity management activities, lower average investment balances and lower income from limited partnership interests.\nThe increase in 2007 was primarily due to higher average portfolio balances, increased portfolio yields and higher income from limited partnership interests.\nNet realized capital gains and losses are reflected in the following table for the years ended December 31."}
{"_id": "d8d3ef580", "title": "", "text": "| Year Ended December 31, | 2007 | Reconstructive | Knees | Hips | Extremities | Dental | Total | Trauma | Spine | OSP and other | Total |"}
{"_id": "d87085e54", "title": "", "text": "| Shares WeightedAverageGrant DateFair Value | Outstanding at December 31, 2011 | Granted | Shares issued | Forfeited | Outstanding at December 31, 2012 | Granted | Shares issued | Forfeited | Outstanding at December 31, 2013 | Granted | Shares issued | Forfeited | Outstanding at December 31, 2014 |"}
{"_id": "d8926f8bc", "title": "", "text": "Net Sales Net sales from continuing operations for 2005 decreased 1% to $19.2 billion compared to 2004.\nU. S.  net sales in 2005 decreased 1% to $10.5 billion compared to 2004, while international net sales of $8.7 billion remained relatively constant in 2005 as compared to 2004, including a 2% favorable foreign exchange impact.\nIn 2004, net sales from continuing operations increased 4% to $19.4 billion from $18.7 billion in 2003.\nU. S.  net sales in 2004 remained relatively constant at $10.6 billion compared to 2003 and international net sales increased 10% to $8.8 billion in 2004, including a 8% favorable foreign exchange impact, from $8.0 billion in 2003.\nThe composition of the change in sales is as follows:"}
{"_id": "d8709773a", "title": "", "text": "CGMHI also has substantial borrowing arrangements consisting of facilities that CGMHI has been advised are available, but where no contractual lending obligation exists.\nThese arrangements are reviewed on an ongoing basis to ensure flexibility in meeting CGMHI’s short-term requirements.\nThe Company issues both fixed and variable rate debt in a range of currencies.\nIt uses derivative contracts, primarily interest rate swaps, to effectively convert a portion of its fixed rate debt to variable rate debt and variable rate debt to fixed rate debt.\nThe maturity structure of the derivatives generally corresponds to the maturity structure of the debt being hedged.\nIn addition, the Company uses other derivative contracts to manage the foreign exchange impact of certain debt issuances.\nAt December31, 2009, the Company’s overall weighted average interest rate for long-term debt was 3.51% on a contractual basis and 3.91% including the effects of derivative contracts.\nAggregate annual maturities of long-term debt obligations (based on final maturity dates) including trust preferred securities are as follows:"}
{"_id": "d879d7692", "title": "", "text": "| Twelve Months Ended July 31, | 2015 | Assumptions for stock options: | Expected volatility (range) | Weighted average expected volatility | Risk-free interest rate (range) | Expected dividend yield | Assumptions for ESPP: | Expected volatility (range) | Weighted average expected volatility | Risk-free interest rate (range) | Expected dividend yield |"}
{"_id": "d8ba69a84", "title": "", "text": "Development Properties: We generally commit to development projects when they are at least 50% pre-leased.\nWe use internal and external construction management expertise to evaluate local market conditions, construction costs and other factors to seek appropriate risk adjusted returns.\nDuring 2005, we completed and placed into service approximately $5 million of owned development properties.\nIn addition, during 2005, HCP MOP completed and placed into service approximately $8 million of development properties.\nAs of December 31, 2005, we have an interest in four properties under development.\nSecured Loan Investments We have investments in 13 mortgage loans secured by 25 properties that are owned and operated by 11 healthcare providers.\nOur secured loan investments typically consist of senior mortgages or mezzanine financing on individual properties or a pool of properties.\nAt December 31, 2005, the carrying amount of these mortgage loans totaled $175.4 million.\nInitial interest rates on mortgage loans outstanding at December 31, 2005 range from 7.5% to 13.5% per annum.\nAt December 31, 2005, minimum future principal payments to be received on secured loans receivable are $66.5 million in 2006, $8.8 million in 2007, $2.4 million in 2008, $7.2 million in 2009, $39.8 million in 2010, and $50.7 million thereafter.\nOur mortgage loans generally include prepayment penalties or yield maintenance provisions.\nDecember 31, 2006 ranged from 7.5% to 13.5% per annum.\nOur mortgage loans generally include prepayment penalties or yield maintenance provisions.\nAt December 31, 2006 we had investments in 32 properties that are accounted for under direct financing leases with original terms that range from five to 35 years.\nCertain leases contain provisions that allow the tenants to elect to purchase the properties during or at the end of the lease terms for the aggregate initial investment amount plus adjustments, if any, as defined in the lease agreements.\nWe also have investments in senior secured second lien notes of HCA Inc. , which are classified as debt securities and are recorded at fair value.\nAt December 31, 2006, the fair value of these senior secured notes was $322.5 million and they are classified as available for sale.\nThese notes accrue interest at a rate of 9.625%, mature in 2016, and are secured by second-priority liens on HCA’s and its subsidiary guarantors’ assets.\nThe issuer of these notes may elect to pay interest in cash, by increasing the principal amount of the notes for the entire amount of the interest payments, or by paying half of the interest in cash and half in additional notes.\nThe first payment due on May 15, 2007 is payable only in cash.\nAfter November 15, 2011, all interest on these notes will be payable in cash.\nIf the issuer elects to pay with additional principal amounts or additional notes, the accrual rate is at 10.375%"}
{"_id": "d882e5842", "title": "", "text": "| Fair Value Measurements Using Inputs Considered as | (Millions) | Asset Class | Equities | Growth equities | Value equities | Core equities | Equities, valued at net asset value* | Total Equities | Fixed Income | Domestic government | Foreign government | Corporate debt securities | Fixed income securities, valued at net asset value* | Total Fixed Income | Private Equity | Real estate | Real estate, valued at net asset value* | Partnership investments* | Total Private Equity | Absolute Return | Derivatives | Insurance | Other | Other, valued at net asset value* | Hedge funds* | Total Absolute Return | Cash and Cash Equivalents | Cash and cash equivalents | Cash and cash equivalents, valued at net asset value* | Total Cash and Cash Equivalents | Total | Other items to reconcile to fair value of plan assets | Fair value of plan assets |"}
{"_id": "d8e90cb84", "title": "", "text": "| Year Ended December 31, | 2008 | % of | $ | (In millions, except percentages) | North America | Europe/Africa | Asia/Australia | South America | Total |"}
{"_id": "d85ff2ce0", "title": "", "text": "| QualifiedPension Plan Non-U.S.Pension Plans Nonqualifiedand OtherPension Plans | (Dollars in millions) | Plans with ABO in excess of plan assets | PBO | ABO | Fair value of plan assets | Plans with PBO in excess of plan assets | PBO | Fair value of plan assets |"}
{"_id": "d8e41ac8e", "title": "", "text": "| As of December 31, 2009 | Level 1 | (in millions) | U.S. Equities: | Pooled separate accounts-1 | Common/collective trusts-1 | Other-10 | Subtotal | International Equities: | Pooled separate accounts-2 | Common/collective trusts-3 | Equities | Subtotal | Fixed Maturities: | Pooled separate accounts-5 | Common/collective trusts-6 | U.S. government securities (federal): | Mortgage-backed | Other U.S. government securities | U.S. government securities (state & other) | Non-U.S. government securities | United Kingdom insurance pooled funds-7 | Corporate Debt: | Corporate bonds-8 | Asset-backed | Collateralized Mortgage Obligations (CMO)(9) | Interest rate swaps (Notional amount: $5,686) | Guaranteed investment contract | Other-10 | Unrealized gain (loss) on investment of securities lending collateral(13) | Subtotal | Short-term Investments: | Pooled separate accounts | United Kingdom insurance pooled funds | Subtotal | Real Estate: | Pooled separate accounts-12 | Partnerships | Other | Subtotal | Other: | Structured debt (Gateway Recovery Trust) | Partnerships | Hedge fund | Subtotal | Total |"}
{"_id": "d87b8cb5e", "title": "", "text": "| Year over Year % Change | 2016 over 2015 | Geographic Region | Americas | Europe | Japan | Asia Pacific ex-Japan | Total revenue |"}
{"_id": "d8170caf8", "title": "", "text": "| Year Ended | September 30, 2007 | ($ in 000's) | Interest Earnings | Interest Income | Interest Expense | Net Interest Income | Other Income | Net Revenues | Non-Interest Expense | Employee Compensation and Benefits | Communications and Information Processing | Occupancy and Equipment | Provision for Loan Losses and Unfunded | Commitments | Other | Total Non-Interest Expense | Pre-tax Earnings |"}
{"_id": "d8ca0347c", "title": "", "text": "| Years ended December 31, | 2016 | Stock-Settled Awards: | Awards granted | Weighted-average grant-date fair value (per award) | Total fair value of vested awards distributed | Cash-Settled Awards: | Awards granted | Weighted-average grant-date fair value (per award) | Total fair value of vested awards distributed | Performance-Based Awards: | Awards granted | Weighted-average grant-date fair value (per award) | Total fair value of vested awards distributed | Stock-Settled Awards | Awards | Non-vested as of January 1, 2016 | Granted | Vested | Forfeited | Non-vested as of December 31, 2016 | Total unrecognized compensation expense remaining | Weighted-average years expected to be recognized over |"}
{"_id": "d8e3fa1c8", "title": "", "text": "| Year Ended December 31 2005 2004 2003 | (In millions) | Revenues: | Operating | Net investment income | Investment gains (losses) | Total | Expenses: | Operating | Interest | Total | 349.8 | Income tax expense (benefit) | Minority interest | Net income (loss) |"}
{"_id": "d85e5ecee", "title": "", "text": "The Company routinely issues commercial paper as a source of short-term financing.\nIn April 2014, the Company entered into a $3.5 billion five-year revolving backup credit facility with various banks, which replaced a December 2010 $2.75 billion facility.\nThe credit facility is maintained to support general corporate purposes, including commercial paper borrowing.\nThe Company has not incurred any borrowings under this or previous facilities.\nThe credit facility contains no financial covenants and is not subject to termination based on a change of credit rating or material adverse changes.\nThe facility is unsecured and may be accessed under various interest rate and currency denomination alternatives at the Company’s option.\nFees to maintain the facility are immaterial.\n(10) Long-Term Debt The details of long-term debt follow:"}
{"_id": "d8a813a92", "title": "", "text": "| December 31, 2008 Activity During the Six Months Ended December 31, 2008 | (Dollars in millions) | Segment 1 | Segment 2 | Segment 3 | Total Subprime ARMs | Other loans | Foreclosed properties | Total |"}
{"_id": "d866ce2a8", "title": "", "text": "| 2011 2010 | Balance at beginning of fiscal year | Tax positions related to current year: | Additions | Reductions | Tax positions related to prior years: | Additions related to change in estimate | Reductions | Payments | Lapses in statutes of limitations and settlements | Acquired tax positions: | Additions related to reserves acquired from acquisitions | Balance as of the end of the fiscal year |"}
{"_id": "d81f401c0", "title": "", "text": "Table 3: Market Expansion Plans\nThe company plans to enter a new market in 2024.\nIt expects revenue growth through this market expansion."}
{"_id": "d883e6d86", "title": "", "text": "| Fiscal 2008 (in millions) | Balance at October 1 | Adjustments impacting Goodwill-1 | LIBOR rate adjustments-2 | License fees earned-3 | Balance at September 30-4 |"}
{"_id": "d8ba69afc", "title": "", "text": "| Operators Facilities Investment-1 Percentage of Revenue-2 | Sunrise Senior Living (NYSE:SRZ) (“Sunrise”) | Brookdale Senior Living Inc. (NYSE:BKD) (“Brookdale”) | Tenet Healthcare Corporation (NYSE:THC) (“Tenet”) | Summerville Healthcare Group (“Summerville”) | Emeritus Corporation (AMEX:ESC) (“Emeritus”) |"}
{"_id": "d879e4356", "title": "", "text": "| Thousands of DTHs  Twelve Months Ended Percent Variation | Description | Firm Sales | Residential | General | Firm Transportation | Total Firm Sales and Transportation | Off Peak/Interruptible Sales | Non-Firm Transportation of Gas | NYPA | Generation Plants | Total NYPA and Generation Plants | Other | Total Sales and Transportation |"}
{"_id": "d838f1e52", "title": "", "text": "| December 31 | 2005 | (Dollars in millions) | Interest rate contracts | Swaps | Futures and forwards | Written options | Purchased options | Foreign exchange contracts | Swaps | Spot, futures and forwards | Written options | Purchased options | Equity contracts | Swaps | Futures and forwards | Written options | Purchased options | Commodity contracts | Swaps | Futures and forwards | Written options | Purchased options | Credit derivatives-2 | Credit risk before cash collateral | Less: Cash collateral applied | Total derivative assets |"}
{"_id": "d8d1fd4e8", "title": "", "text": "| Year Ended October 31, $ Change % Change $ Change % Change | 2013 | (dollars in millions) | $669.2 | Percentage of total revenue |"}
{"_id": "d8882d53e", "title": "", "text": "consolidated results of operations, financial condition, or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters.\nIndemnities – Our maximum potential exposure under indemnification arrangements, including certain tax indemnifications, can range from a specified dollar amount to an unlimited amount, depending on the nature of the transactions and the agreements.\nDue to uncertainty as to whether claims will be made or how they will be resolved, we cannot reasonably determine the probability of an adverse claim or reasonably estimate any adverse liability or the total maximum exposure under these indemnification arrangements.\nWe do not have any reason to believe that we will be required to make any material payments under these indemnity provisions.\nClimate Change – Although climate change could have an adverse impact on our operations and financial performance in the future (see Risk Factors under Item 1A of this report), we are currently unable to predict the manner or severity of such impact.\nHowever, we continue to take steps and explore opportunities to reduce the impact of our operations on the environment, including investments in new technologies, using training programs to reduce fuel consumption, and changing our operations to increase fuel efficiency.\nCRITICAL ACCOUNTING POLICIES Our Consolidated Financial Statements have been prepared in accordance with GAAP.\nThe preparation of these financial statements requires estimation and judgment that affect the reported amounts of revenues, expenses, assets, and liabilities.\nWe base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources.\nThe following critical accounting policies are a subset of our significant accounting policies described in Note 2 to the Financial Statements and Supplementary Data, Item 8.\nThese critical accounting policies affect significant areas of our financial statements and involve judgment and estimates.\nIf these estimates differ significantly from actual results, the impact on our Consolidated Financial Statements may be material."}
{"_id": "d8843b2d2", "title": "", "text": "Business Risk Management We define business risk as the risk of adverse changes in our earnings related to business factors, including changes in the competitive environment, changes in the operational economics of our business activities and the potential effect of strategic and reputation risks, not already captured as trading market, interest-rate, credit, operational or liquidity risks.\nWe incorporate business risk into our assessment of our strategic plans and economic capital needs.\nActive management of business risk is an integral component of all aspects of our business, and responsibility for the management of business risk lies with every employee at State Street.\nSeparating the effects of a potential material adverse event into operational and business risk is sometimes difficult.\nFor instance, the direct financial impact of an unfavorable event in the form of fines or penalties would be classified as an operational risk loss, while the impact on our reputation and consequently the potential loss of clients and corresponding decline in revenue would be classified as a business risk loss.\nAn additional example of"}
{"_id": "d8ee29b6c", "title": "", "text": "| Payments Due by Period | Total | (in thousands) | Operating leases | Deemed landlord financing | Other contractual obligations-1 | Total contractual cash obligations |"}
{"_id": "d8a41d028", "title": "", "text": "The following table details the estimated liability with respect to our contingent acquisition obligations and the estimated amount that would be paid under the options, in the event of exercise at the earliest exercise date.\nAll payments are contingent upon achieving projected operating performance targets and satisfying other\nNoncontrolling interests represent the impact of consolidating certain low-income housing tax credit funds and impact Other Revenue, Interest Expense, and Other Expenses in this segment (See Note 9 of the Notes to Consolidated Financial Statements for further details).\nYear ended September 30, 2009 Compared with the Year ended September 30, 2008  Capital Markets Capital Markets net revenues increased 10% compared to the prior year due to record trading profits, which increased $45 million from the prior years $3.5 million loss.\nThese profits were almost entirely generated on domestic fixed income products, 76% on municipal and 37% on taxable products.\nIn addition, fixed income institutional sales commissions were 61% higher, as the volatile fixed income markets led many institutions to seek expertise on mortgage-backed products, and many increased their overall weighting in fixed income products.\nAt the same time, institutions decreased their weighting in equities and equity institutional sales commissions declined 14%.\nThis decline was magnified by a lack of new issue activity.\nThe steep equity market decline early in the year led to lower investment banking fee revenue.\nEquity underwriting fees were $5.3 million and $10.4 million below the prior year in the U. S.  and Canada, respectively.\nThis was attributable to the lack of underwritings due to the declining equity markets during the first two quarters.\nCapital markets activity increased during the third quarter, with 82% of our deals occurring in the last two quarters of the fiscal year, actually generating nine more deals than in the prior year.\nHowever, the deals were smaller and we were generally allotted a smaller portion of the deals than in the prior year, resulting in lower revenues.\nMerger and acquisition fees, which are included in investment banking revenue, were $40.6 million, up 6% from the prior year.\nGross revenues were up 5% from the prior year and net revenues were up 10%.\nCoupled with a 5% increase in noninterest expense, pre-tax earnings were up 68% from the prior year as the impact of increased trading profits is significant to our pre-tax profits.\nCommission expense increased with a greater percentage (17%) than commission revenues (10%) due to the big increase in fixed income institutional sales commissions which have a higher payout than equity institutional sales commissions.\nThe other compensation expenses, communications and information processing and business development expenses decreased slightly as a result of expense control.\nOccupancy expense increased 7% due to growth.\nWe have taken advantage of the opportunities to add quality Capital Markets teams.\nEquity Capital Markets acquired the investment banking firm of Lane Berry International, Inc.\nThe acquisition added 21 investment banking professionals and new offices in Boston and Denver.\nIn total, Investment Banking added a net 26 professionals as compared to the prior year.\nFixed Income has taken advantage of market conditions in the taxable fixed income institutional sales area to recruit 23 additional professionals, representing a 21% increase in its producing professionals."}
{"_id": "d8e42d032", "title": "", "text": "| As of December 2017 | $ in millions | Loans Receivable | Corporate loans | Loans to PWM clients | Loans backed by: | Commercial real estate | Residential real estate | Marcus loans | Other loans | Total | Lending Commitments | Corporate | Other | Total | As of December 2016 | $ in millions | Loans Receivable | Corporate loans | Loans to PWM clients | Loans backed by: | Commercial real estate | Residential real estate | Marcus loans | Other loans | Total | Lending Commitments | Corporate | Other | Total |"}
{"_id": "d8606f236", "title": "", "text": "| Effect on U.S. and Canadian Plans: Increase/(Decrease) | Assumption | Discount rate | Health care cost trend rates — total expense | Health care cost trend rates — service and interest expense | Increase/(Decrease) | Assumption | Repossession rates * | Loss severity |"}
{"_id": "d816616ee", "title": "", "text": "value of our liquid assets, as defined, totaled $75.98 billion, compared to $85.81 billion as of December 31, 2008.\nThe decrease was mainly attributable to unusually high 2008 deposit balances, as we experienced a significant increase in customer deposits during the second half of 2008 as the credit markets worsened.\nAs customers accumulated liquidity, they placed cash with us, and these incremental customer deposits remained with State Street Bank at December 31, 2008.\nDuring 2009, as markets normalized, deposit levels moderated as customers returned to investing their cash, and our liquid asset levels declined accordingly.\nDue to the unusual size and volatile nature of these customer deposits, we maintained approximately $22.45 billion at central banks as of December 31, 2009, in excess of regulatory required minimums.\nSecurities carried at $40.96 billion as of December 31, 2009, compared to $42.74 billion as of December 31, 2008, were designated as pledged for public and trust deposits, borrowed funds and for other purposes as provided by law, and are excluded from the liquid assets calculation, unless pledged to the Federal Reserve Bank of Boston.\nLiquid assets included securities pledged to the Federal Reserve Bank of Boston to secure State Street Banks ability to borrow from their discount window should the need arise.\nThis access to primary credit is an important source of back-up liquidity for State Street Bank.\nAs of December 31, 2009, we had no outstanding primary credit borrowings from the discount window.\nBased upon our level of liquid assets and our ability to access the capital markets for additional funding when necessary, including our ability to issue debt and equity securities under our current universal shelf registration, management considers overall liquidity at December 31, 2009 to be sufficient to meet State Streets current commitments and business needs, including supporting the liquidity of the commercial paper conduits and accommodating the transaction and cash management needs of our customers.\nAs referenced above, our ability to maintain consistent access to liquidity is fostered by the maintenance of high investment-grade ratings on our debt, as measured by the major independent credit rating agencies.\nFactors essential to retaining high credit ratings include diverse and stable core earnings; strong risk management; strong capital ratios; diverse liquidity sources, including the global capital markets and customer deposits; and strong liquidity monitoring procedures.\nHigh ratings on debt minimize borrowing costs and enhance our liquidity by ensuring the largest possible market for our debt.\nA downgrade or reduction of these credit ratings could have an adverse impact to our ability to access funding at favorable interest rates.\nThe following table presents information about State Streets and State Street Banks credit ratings as of February 22, 2010."}
{"_id": "d8df05fe6", "title": "", "text": "| Location Approximate Square Footage | Alpharetta, Georgia | Jersey City, New Jersey | Arlington, Virginia | Menlo Park, California | Sandy, Utah | New York, New York | Chicago, Illinois |"}
{"_id": "d82074226", "title": "", "text": "Copyright?2019 Standard & Poor's, a division of S&P Global.\nAll rights reserved\nMetLife, Inc.  Notes to the Consolidated Financial Statements  (Continued) Commitments Leases In accordance with industry practice, certain of the Companys income from lease agreements with retail tenants are contingent upon the level of the tenants revenues.\nAdditionally, the Company, as lessee, has entered into various lease and sublease agreements for office space, information technology and other equipment.\nFuture minimum rental and sublease income, and minimum gross rental payments relating to these lease agreements are as follows:"}
{"_id": "d867e14ce", "title": "", "text": "Part II Item 5.\nMarket for the Registrant’s Common Equity, Related Stockholder Matters, and Issuer Purchases of Equity Securities Simon Market Information Simon’s common stock trades on the New York Stock Exchange under the symbol “SPG”.\nThe quarterly price range for the shares and the dividends declared per share for each quarter in the last two fiscal years are shown below:"}
{"_id": "d8ef0c430", "title": "", "text": "Contract generation gross margin increased $60 million, or 8%, to $827 million in 2001 from $767 million in 2000.\nExcluding businesses acquired or that commenced commercial operations during 2001 and 2000, contract generation gross margin decreased 6% to $710 million in 2001.\nContract generation gross margin increased in all geographic regions except for Asia.\nThe contract generation gross margin as a percentage of revenues decreased to 33% in 2001 from 44% in 2000.\nIn South America, contract generation gross margin increased $17 million and was 27% of revenues.\nThe increase is due to the acquisition of Gener offset by a decline at Tiete from the rationing of electricity in Brazil.\nIn North America, contract generation gross margin increased $8 million and was 50% of revenues.\nThe increase is due to improvements at Southland and Beaver Valley partially offset by a decrease at Thames from the contract buydown (see footnote 13 to the Companys consolidated financial statements).\nIn Europe/ Africa, contract generation gross margin increased $44 million and was 30% of revenues.\nThe increase is due primarily to our additional ownership interest in Kilroot and the acquisition of Ebute in Nigeria.\nIn Asia, contract generation gross margin decreased $22 million and was 29% of revenues.\nThe decrease is due mainly to additional bad debt provisions at Jiaozuo, Hefei and Aixi in China that were partially offset by the start of commercial operations at Haripur.\nThe decrease in contract generation gross margin as a percentage of revenue is due to the acquisition of generation businesses with overall gross margin percentages, which are lower than the overall portfolio of generation businesses.\nAs a percentage of sales, contract generation gross margin declined in South America and Asia, was relatively flat in North America and increased in Europe/Africa and the Caribbean.\nThe competitive supply gross margin decreased $119 million, or 21%, to $440 million in 2001 from $559 million in 2000.\nExcluding businesses acquired or that commenced commercial operations during 2001 and 2000, competitive supply gross margin decreased 26% to $408 million in 2001.\nThe overall decrease is due to declines in Europe/Africa and South America that were partially offset by slight increases in North America, the Caribbean and Asia.\nThe competitive supply gross margin as a percentage of revenues decreased to 16% in 2001 from 23% in 2000.\nIn South America, competitive supply segment gross margin decreased $61 million and was 1% of revenues due to declines at our businesses in Argentina.\nIn Europe/Africa, competitive supply segment gross margin decreased $95 million and was 22% of revenues.\nThe decrease is due primarily to declines at Drax, Barry and Fifoots from the lower market prices in the U. K.  In North America, competitive supply segment gross margin increased $14 million and was 11% of revenues.\nThe increase was due to an expanded customer base at New Energy and was partially offset by decreases at Somerset in New York and Deepwater in Texas.\nIn the Caribbean (which includes Colombia), the competitive supply gross margin increased $15 million and was 29% of revenues.\nThe increase is due primarily to the acquisition of Chivor."}
{"_id": "d8d19cb34", "title": "", "text": "| (millions) Before application of SFAS No. 158 (a) Adjustments After application of SFAS No. 158 | Other assets: | Other intangibles — pension | Pension | $865.0 | Total assets | Other current liabilities: | Pension, postretirement, and postemployment benefits | $53.0 | Other liabilities: | Pension, postretirement, and postemployment benefits (a) | Deferred income taxes (b) | $280.4 | Total liabilities | Accumulated other comprehensive income (loss) (a) |"}
{"_id": "d87097820", "title": "", "text": "Long-term debt at December31, 2009 and December31, 2008 includes $19,345 million and $24,060 million, respectively, of junior subordinated debt.\nThe Company formed statutory business trusts under the laws of the state of Delaware.\nThe trusts exist for the exclusive purposes of (i) issuing trust securities representing undivided beneficial interests in the assets of the Trust; (ii) investing the gross proceeds of the trust securities in junior subordinated deferrable interest debentures (subordinated debentures) of its parent; and (iii) engaging in only those activities necessary or incidental thereto.\nUpon approval from the Federal Reserve, Citigroup has the right to redeem these securities.\nCitigroup has contractually agreed not to redeem or purchase (i) the 6.50% Enhanced Trust Preferred securities of Citigroup Capital XV before September15, 2056, (ii) the 6.45% Enhanced Trust Preferred securities of Citigroup Capital XVI before December31, 2046, (iii) the 6.35% Enhanced Trust Preferred securities of Citigroup Capital XVII before March 15, 2057, (iv) the 6.829% Fixed Rate/Floating Rate Enhanced Trust Preferred securities of Citigroup Capital XVIII before June28, 2047, (v) the 7.250% Enhanced Trust Preferred securities of Citigroup Capital XIX before August15, 2047, (vi) the 7.875% Enhanced Trust Preferred securities of Citigroup Capital XX before December15, 2067, and (vii) the 8.300% Fixed Rate/Floating Rate Enhanced Trust Preferred securities of Citigroup Capital XXI before December21, 2067, unless certain conditions, described in Exhibit4.03 to Citigroup’s Current Report on Form 8-K filed on September18, 2006, in Exhibit4.02 to Citigroup’s Current Report on Form 8-K filed on November28, 2006, in Exhibit4.02 to Citigroup’s Current Report on Form 8-K filed on March 8, 2007, in Exhibit4.02 to Citigroup’s Current Report on Form 8-K filed on July2, 2007, in Exhibit4.02 to Citigroup’s Current Report on Form 8-K filed on August17, 2007, in Exhibit4.2 to Citigroup’s Current Report on Form 8-K filed on November27, 2007, and in Exhibit4.2 to Citigroup’s Current Report on Form 8-K filed on December21, 2007, respectively, are met.\nThese agreements are for the benefit of the holders of Citigroup’s 6.00% junior subordinated deferrable interest debentures due 2034.\nCitigroup owns all of the voting securities of these subsidiary trusts.\nThese subsidiary trusts have no assets, operations, revenues or cash flows other than those related to the issuance, administration, and repayment of the subsidiary trusts and the subsidiary trusts’ common securities.\nThese subsidiary trusts’ obligations are fully and unconditionally guaranteed by Citigroup"}
{"_id": "d87516022", "title": "", "text": "Note: The table above does not include unamortized discounts associated with our senior notes, or amounts related to interest rate contracts used to hedge the fair value of certain of our senior notes or debt issuance costs."}
{"_id": "d8b838044", "title": "", "text": "Credit Derivatives The firm enters into a broad array of credit derivatives in locations around the world to facilitate client transactions and to manage the credit risk associated with marketmaking and investing and lending activities.\nCredit derivatives are actively managed based on the firms net risk position.\nCredit derivatives are individually negotiated contracts and can have various settlement and payment conventions.\nCredit events include failure to pay, bankruptcy, acceleration of indebtedness, restructuring, repudiation and dissolution of the reference entity.\nCredit Default Swaps.\nSingle-name credit default swaps protect the buyer against the loss of principal on one or more bonds, loans or mortgages (reference obligations) in the event the issuer (reference entity) of the reference obligations suffers a credit event.\nThe buyer of protection pays an initial or periodic premium to the seller and receives protection for the period of the contract.\nIf there is no credit event, as defined in the contract, the seller of protection makes no payments to the buyer of protection.\nHowever, if a credit event occurs, the seller of protection is required to make a payment to the buyer of protection, which is calculated in accordance with the terms of the contract.\nCredit Indices, Baskets and Tranches.\nCredit derivatives may reference a basket of single-name credit default swaps or a broad-based index.\nIf a credit event occurs in one of the underlying reference obligations, the protection seller pays the protection buyer.\nThe payment is typically a pro-rata portion of the transactions total notional amount based on the underlying defaulted reference obligation.\nIn certain transactions, the credit risk of a basket or index is separated into various portions (tranches), each having different levels of subordination.\nThe most junior tranches cover initial defaults and once losses exceed the notional amount of these junior tranches, any excess loss is covered by the next most senior tranche in the capital structure.\nTotal Return Swaps.\nA total return swap transfers the risks relating to economic performance of a reference obligation from the protection buyer to the protection seller.\nTypically, the protection buyer receives from the protection seller a floating rate of interest and protection against any reduction in fair value of the reference obligation, and in return the protection seller receives the cash flows associated with the reference obligation, plus any increase in the fair value of the reference obligation.\nCredit Options.\nIn a credit option, the option writer assumes the obligation to purchase or sell a reference obligation at a specified price or credit spread.\nThe option purchaser buys the right, but does not assume the obligation, to sell the reference obligation to, or purchase it from, the option writer.\nThe payments on credit options depend either on a particular credit spread or the price of the reference obligation."}
{"_id": "d88eb2a80", "title": "", "text": "| December 31,2009 December 31,2010 December 31,2011 December 31,2012 December 31,2013 December 31,2014 | DISCA | DISCB | DISCK | S&P 500 | Peer Group |"}
{"_id": "d8e7d7746", "title": "", "text": "| (Dollar amounts in millions) December 31, 2012 December 31, 2011 | Total investments, GAAP | Investments held by consolidated sponsored investmentfunds-1 | Net exposure to consolidated investment funds | Total investments, as adjusted | Federal Reserve Bank stock-2 | Carried interest | Deferred compensation investments | Hedged investments | Total “economic” investment exposure |"}
{"_id": "d8e5fd81c", "title": "", "text": "| As of December 31, | 2016-1 | (In millions) | Balance Sheet Data: | Total assets | Short-term debt and current maturities | Long-term debt, net of current portion | Total debt, net | Total equity |"}
{"_id": "d8f62a0a0", "title": "", "text": "(a) Accounts receivable includes $32 million that is due from us.\n(b) Current liabilities include $8 million that is due to us.\nWe determined that the excess of fair value over consideration paid was attributable to potential future restructuring scenarios made necessary due to the uncertainty in sales demand beyond in-place supply agreements.\nRestructuring costs, if incurred, would be expensed in future periods.\nAs potential future restructuring activities do not qualify to be recorded as a liability in the application of the acquisition method of accounting, none was recorded, and we recorded the excess as a bargain purchase gain, classified as Interest income and other non-operating income, net.\nWe did not provide the pro forma financial information because we do not believe the information is material.\nWe began to record the results of GMS operations in our consolidated financial statements from the date of acquisition."}
{"_id": "d8dca4590", "title": "", "text": "| ($ in millions) Fair value at December 31, 2008 % to Total Investments Fair value at December 31, 2007 % to Total Investments | U.S. government and agencies | Municipal | Corporate | Foreign government | Mortgage-backed securities (\"MBS\") | CMBS | ABS | Redeemable preferred stock | Total fixed income securities |"}
{"_id": "d824419da", "title": "", "text": "PENSION BENEFITS The Company sponsors defined benefit pension plans and defined contribution plans that cover a substantial portion of its worldwide employees.\nThe principal defined benefit pension plans—the U. S.  salaried pension plan and the U. K.  pension plan—were closed to new participants in 2005 and were replaced with defined contribution plans.\nOver the long run, the shift to defined contribution plans is expected to reduce volatility of both plan expense and contributions.\nThe fair market value of plan assets for our defined benefit pension plans as of the 30 September 2015 measurement date decreased to $3,916.4 from $4,114.6 at the end of fiscal year 2014.\nThe projected benefit obligation for these plans was $4,787.8 and $4,738.6 at the end of the fiscal years 2015 and 2014, respectively.\nRefer to Note 16, Retirement Benefits, to the consolidated financial statements for comprehensive and detailed disclosures on our postretirement benefits.\nPension Expense"}
{"_id": "d8e92aef4", "title": "", "text": "Restricted Stock Awards Restricted stock awards generally vest ratably over three to four years or at the end of five years.\nVesting of restricted stock awards may be accelerated based on age and length of service.\nCompensation expense for restricted stock awards is based on the market price of Ameriprise Financial stock on the date of grant and is amortized on a straight-line basis over the vesting period.\nQuarterly dividends are paid on restricted stock, as declared by the Company’s Board of Directors, during the vesting period and are not subject to forfeiture.\nCertain advisors receive a portion of their compensation in the form of restricted stock awards which are subject to forfeiture based on future service requirements.\nA summary of the Company’s restricted stock award activity for 2010 is presented below (shares in millions):"}
{"_id": "d8d5fee66", "title": "", "text": "| Amount Increase/(decrease) Increase/(decrease) excluding currency translation | Dollars in millions | Company-operated sales: | U.S. | Europe | APMEA | Other Countries & Corporate | Total | Franchised revenues: | U.S. | Europe | APMEA | Other Countries & Corporate | Total | Total revenues: | U.S. | Europe | APMEA | Other Countries & Corporate | Total |"}
{"_id": "d89854df4", "title": "", "text": "ABIOMED, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements—(Continued) Note 15.\nCommitments and Contingencies (Continued) The Company applies the disclosure provisions of FIN No.45, Guarantor’s Accounting and Disclosure Requirements for Guarantees, Including Guarantees of Indebtedness of Others, and Interpretation of FASB Statements No.5, 57 and 107 and Rescission of FASB Interpretation No.34 (FIN No.45) to its agreements that contain guarantee or indemnification clauses.\nThese disclosure provisions expand those required by SFAS No.5, Accounting for Contingencies, by requiring that guarantors disclose certain types of guarantees, even if the likelihood of requiring the guarantor’s performance is remote.\nIn addition to product warranties, the following is a description of arrangements in which the Company is a guarantor.\nIndemnifications—In many sales transactions, the Company indemnifies customers against possible claims of patent infringement caused by the Company’s products.\nThe indemnifications contained within sales contracts usually do not include limits on the claims.\nThe Company has never incurred any material costs to defend lawsuits or settle patent infringement claims related to sales transactions.\nUnder the provisions of FIN No.45, intellectual property indemnifications require disclosure only.\nThe Company enters into agreements with other companies in the ordinary course of business, typically with underwriters, contractors, clinical sites and customers that include indemnification provisions.\nUnder these provisions the Company generally indemnifies and holds harmless the indemnified party for losses suffered or incurred by the indemnified party as a result of its activities.\nThese indemnification provisions generally survive termination of the underlying agreement.\nThe maximum potential amount of future payments the Company could be required to make under these indemnification provisions is unlimited.\nAbiomed has never incurred any material costs to defend lawsuits or settle claims related to these indemnification agreements.\nAs a result, the estimated fair value of these agreements is minimal.\nAccordingly, the Company has no liabilities recorded for these agreements as of March 31, 2008.\nClinical study agreements—In the Company’s clinical study agreements, Abiomed has agreed to indemnify the participating institutions against losses incurred by them for claims related to any personal injury of subjects taking part in the study to the extent they relate to uses of the Company’s devices in accordance with the clinical study agreement, the protocol for the device and Abiomed’s instructions.\nThe indemnification provisions contained within the Company’s clinical study agreements do not generally include limits on the claims.\nThe Company has never incurred any material costs related to the indemnification provisions contained in its clinical study agreements.\nFacilities Leases—As of March 31, 2008, the Company had entered into leases for its facilities, including its primary operating facility in Danvers, Massachusetts with terms through fiscal 2010.\nThe Danvers lease may be extended, at the Company’s option, for two successive additional periods of five years each with monthly rent charges to be determined based on then current fair rental values.\nThe Company’s lease for its Aachen location expires in December 2012.\nTotal rent expense under these leases, included in the accompanying consolidated statements of operations approximated $2.2 million, $1.6 million, and $1.3 million for the fiscal years ended March 31, 2008, 2007 and 2006, respectively.\nFuture minimum lease payments under all significant non-cancelable operating leases as of March 31, 2008 are approximately as follows:"}
{"_id": "d86d0316e", "title": "", "text": "The margins for natural gas on a per MMBTU basis were $.035 for 2002 and 2001 and $.027 for 2000.\nThe increase in natural gas margin on a per MMBTU basis for 2001 compared to 2000 was due to the improvement in natural gas prices.\nThe margins for crude oil on a per Bbl basis were $.84 for 2002, $.95 for 2001 and $1.28 for 2000.\nThe decrease in crude oil margin for 2002 compared to 2001 was due to increased general and administrative expenses coupled with higher transportation expense.\nThe decrease in crude oil margin for 2001 compared to 2000 was due to lower crude oil prices."}
{"_id": "d8f6ea332", "title": "", "text": "Hologic, Inc.  Notes to Consolidated Financial Statements (continued) (In thousands, except per share data) Option Exchange Program On December 22, 2008, the Board of Directors approved, subject to stockholder approval, a stock option exchange program (the “Option Exchange Program”).\nThe Option Exchange Program was approved at the Annual Meeting of Stockholders held on March 4, 2009.\nThe Option Exchange Program permitted eligible employees to exchange their outstanding options issued on January 16, 2008 at an exercise price per share of $33.31 for a lesser number of new options (“New Options”), with such number of New Options issuable upon exchange calculated pursuant to an exchange ratio based on the original exercise price of the surrendered option.\nThe exchange offer expired on April 5, 2009.\nPursuant to the Option Exchange Program, the New Options have an exercise price of $14.87, which is 110% of the last reported closing sales price of the Company’s common stock as of the date of the new grant, which was April 5, 2009.\nThe total number of stock options eligible to be exchanged of 784 was exchanged for 406 New Options.\nOn the date of exchange, the estimated fair value of the New Options approximated the estimated fair value of the exchanged stock options calculated immediately prior to the exchange.\nAs such, there is no incremental fair value of the New Options, and the Company will not record additional compensation expense related to the exchange.\nThe Company will continue to recognize the remaining compensation expense related to the exchanged options over the remaining vesting period of the original options.\nThe New Options become exercisable over a period of four years, with 25% vesting on the first anniversary of the date the New Options were granted and 25% vesting on each anniversary thereafter, so long as the option holder continues to be employed by the Company."}
{"_id": "d8202fac2", "title": "", "text": "$43.3 million in 2011 compared to $34.1 million in 2010.\nThe Retail segment represented 13% and 15% of the Companys total net sales in 2011 and 2010, respectively.\nThe Retail segments operating income was $4.7 billion, $3.2 billion, and $2.3 billion during 2012, 2011, and 2010 respectively.\nThese year-over-year increases in Retail operating income were primarily attributable to higher overall net sales that resulted in significantly higher average revenue per store during the respective years."}
{"_id": "d8f35fcb2", "title": "", "text": "| % of Total Revenue | 2012 | Domestic | United Kingdom | Continental Europe | Asia Pacific | Latin America | Other |"}
{"_id": "d8666bb44", "title": "", "text": "| Year ended June 30, | 2010 | Net income | Non-cash expenses | Change in receivables | Change in deferred revenue | Change in other assets and liabilities | Net cash from operating activities |"}
{"_id": "d8a0e3dc6", "title": "", "text": "| Change | 2012 | (in millions) | Revenues: | Services: | Provider services | Home care services | Pharmacy solutions | Integrated wellness services | Total services revenues | Intersegment revenues: | Pharmacy solutions | Provider services | Integrated wellness services | Home care services | Total intersegment revenues | Total services and intersegment revenues | Income before income taxes | Operating cost ratio |"}
{"_id": "d857773cc", "title": "", "text": "COMMON STOCK Treasury Stock In July 2014, the Board of Directors approved a stock repurchase program authorizing the Company to purchase up to $750.0 million of the Companys common stock.\nIn November 2016, the Board of Directors approved a new stock repurchase program providing for an additional $1.0 billion of repurchases of our common stock.\nThe repurchase programs do not have an expiration date.\nStock repurchased under these programs may be used to offset obligations under the Companys employee stock-based benefit programs and stock-based business acquisitions, and will reduce the total shares outstanding.\nDuring 2016, 2015, and 2014, the Company repurchased 7.3 million, 2.6 million, and 4.4 million shares, respectively, at an aggregate cost of $662.3 million, $280.1 million, and $300.9 million, respectively, including"}
{"_id": "d8bcb8524", "title": "", "text": "| $ in millions Loans Receivable Loans, at Fair Value Total | As of December 2018 | Loan Type | Corporate loans | PWM loans | Commercial real estate loans | Residential real estate loans | Consumer loans | Other loans | Allowance for loan losses | Total | Region | Americas | Europe, Middle East and Africa | Asia | Total | As of December 2017 | Loan Type | Corporate loans | PWM loans | Commercial real estate loans | Residential real estate loans | Consumer loans | Other loans | Allowance for loan losses | Total | Region | Americas | Europe, Middle East and Africa | Asia | Total | $ in millions | As of December 2018 | Cash and cash equivalents | Resale agreements | Securities borrowed | Loans receivable | Customer and other receivables | Financial instruments owned | Subtotal | Other assets | Total assets | As ofDecember 2017 | Cash and cash equivalents | Resale agreements | Securities borrowed | Loans receivable | Customer and other receivables | Financial instruments owned | Subtotal | Other assets | Total assets |"}
{"_id": "d8cbe8abc", "title": "", "text": "Off-Balance Sheet Arrangements We currently do not have any relationships with unconsolidated entities or financial partnerships, often referred to as structured finance or special purpose entities, that have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes.\nLease and Contractual Obligations The Company currently leases additional office space, a data center and remote network operations center, with lease terms remaining from 3 months to 103 months as of December 31, 2016.\nIn December 2014, we entered into an agreement with FINRA to provide certain regulatory services to the CBOE and C2 options markets.\nThe agreement included the assignment of the office space CBOE leased for regulatory operations.\nTotal rent expense related to current and former lease obligations for the years ended December 31, 2016, 2015 and 2014 totaled $4.4 million, $4.1 million and $3.8 million, respectively.\nFuture minimum payments under our operating leases and contractual obligations were as follows at December 31, 2016 (in thousands):"}
{"_id": "d8a2233da", "title": "", "text": "| Years Ended December 31, | 2008 | (In millions) | Operating Revenues | Premiums | Universal life and investment-type product policy fees | Net investment income | Other revenues | Total operating revenues | Operating Expenses | Policyholder benefits and claims and policyholder dividends | Interest credited to policyholder account balances | Capitalization of DAC | Amortization of DAC and VOBA | Interest expense | Other expenses | Total operating expenses | Provision for income tax expense (benefit) | Operating earnings |"}
{"_id": "d8799ac56", "title": "", "text": "| Year Ended December 31, | 2014 | Gas Delivered(MDt) | Firm sales | Full service | Firm transportation | Total Firm Sales | Interruptible sales | Total Gas Delivered to O&R Customers | Transportation of customer-owned gas | Sales for resale | Sales to electric generating stations | Off-system sales | Total Sales | Year Ended December 31, | 2014 | Gas Delivered($ in millions) | Firm sales | Full service | Firm transportation | Total Firm Sales | Interruptible Sales | Total Gas Delivered to O&R Customers | Transportation of customer-owned gas | Sales to electric generating stations | Other operating revenues | Total Sales | Average Revenue Per Dt Sold | Residential | General |"}
{"_id": "d8cac697c", "title": "", "text": "| 2013 2012 | Pension and postretirement benefits | Labor-related deemed claim -1 | Aircraft and facility financing renegotiations and rejections -2, -3 | Fair value of conversion discount -4 | Professional fees | Other | Total reorganization items, net |"}
{"_id": "d8c37ccf2", "title": "", "text": "NOTE 17 STOCK PROGRAMS As of June 30, 2008, the Company has three active equity compensation plans which include the Amended and Restated Fiscal 2002 Share Incentive Plan, the Fiscal 1999 Share Incentive Plan and the Non-Employee Director Share Incentive Plan (collectively, the Plans).\nThese Plans currently provide for the issuance of 33,194,400 shares, which consist of shares originally provided for and shares transferred to the Plans from a previous plan and employment agreement, to be granted in the form of stock-based awards to key employees, consultants and non-employee directors of the Company.\nAs of June 30, 2008, approximately 7,184,400 shares of Class A Common Stock were reserved and available to be granted pursuant to these Plans, subject to the approval by the Stock Plan Subcommittee of the Companys Board of Directors of expected payouts for performance share units (PSU) vested as of June 30, 2008.\nThe Company may satisfy the obligation of its stock-based compensation awards with either new or treasury shares.\nThe Companys stock compensation awards outstanding at June 30, 2008 include stock options, PSUs, restricted stock units (RSU) and share units.\nTotal net stock-based compensation expense is attributable to the granting of, and the remaining requisite service periods of, stock options, PSUs, RSUs and share units.\nCompensation expense attributable to net stockbased compensation for fi scal 2008, 2007 and 2006 was $47.2 million ($31.2 million after tax), $43.2 million ($28.3 million after tax) and $35.7 million ($23.4 million after tax), respectively.\nAs of June 30, 2008, the total unrecognized compensation cost related to nonvested stock-based awards was $27.6 million and the related weighted- average period over which it is expected to be recognized is approximately 1.6 years."}
{"_id": "d8e8c6468", "title": "", "text": "| Year Ended December | $ in millions | Total other financial assets | Beginning balance | Net realized gains/(losses) | Net unrealized gains/(losses) | Purchases | Settlements | Ending balance | Total other financial liabilities | Beginning balance | Net realized gains/(losses) | Net unrealized gains/(losses) | Purchases | Sales | Issuances | Settlements | Transfers into level 3 | Transfers out of level 3 | Ending balance |"}
{"_id": "d88ea2518", "title": "", "text": "| Oil   (MMBbls) Gas   (Bcf) NGLs   (MMBbls) Total   (MMBoe) | U.S. Onshore | Canada | North America Onshore |"}
{"_id": "d8926f79a", "title": "", "text": "Savings Plan The principal defined contribution plan is the Bristol-Myers Squibb Savings and Investment Program.\nThe Company’s contribution is based on employee contributions and the level of Company match.\nThe Company’s contributions to the plan were $51 million in 2005, $53 million in 2004 and $51 million in 2003."}
{"_id": "d815b556a", "title": "", "text": "| Year Ended December 31, (dollars in thousands) Year Ended December 31, (per home) | 2007 | Turnover capital expenditures | Asset preservation expenditures | Total recurring capital expenditures | Revenue enhancing improvements | Major renovations | Total capital expenditures | Repair and maintenance expense |"}
{"_id": "d8baa674a", "title": "", "text": "| Performance Share Units | ShareUnits | Nonvested at January 1, 2015 | Granted(a) | Forfeitures | Earned and vested(b) | Nonvested at December 31, 2015 |"}
{"_id": "d875d8a96", "title": "", "text": "Approximately 96% of our debt securities were investment-grade quality, with an average credit rating of AA by S&P at December 31, 2010.\nMost of the debt securities that were below investment-grade were rated BB, the higher end of the below investment-grade rating scale.\nOur investment policy limits investments in a single issuer and requires diversification among various asset types.\nTax-exempt municipal securities included pre-refunded bonds of $343.9 million at December 31, 2010 and $346.9 million at December 31, 2009.\nThese pre-refunded bonds were secured by an escrow fund consisting of U. S.  government obligations sufficient to pay off all amounts outstanding at maturity.\nThe ratings of these pre-refunded bonds generally assume the rating of the government obligations (AAA by S&P) at the time the fund is established.\nIn addition, certain monoline insurers guarantee the timely repayment of bond principal and interest when a bond issuer defaults and generally provide credit enhancement for bond issues related to our tax-exempt municipal securities.\nWe have no direct exposure to these monoline insurers.\nWe owned $597.2 million and $587.2 million at December 31, 2010 and 2009, respectively, of tax-exempt securities guaranteed by monoline insurers.\nThe equivalent S&P credit rating of these tax-exempt securities without the guarantee from the monoline insurer was AA.\nOur direct exposure to subprime mortgage lending is limited to investment in residential mortgage-backed securities and asset-backed securities backed by home equity loans.\nThe fair value of securities backed by Alt-A and subprime loans was $3.4 million at December 31, 2010 and $5.5 million at December 31, 2009.\nThere are no collateralized debt obligations or structured investment vehicles in our investment portfolio.\nThe percentage of corporate securities associated with the financial services industry was 29.4% at December 31, 2010 and 37.3% at December 31, 2009.\nDuration is indicative of the relationship between changes in fair value and changes in interest rates, providing a general indication of the sensitivity of the fair values of our debt securities to changes in interest rates.\nHowever, actual fair values may differ significantly from estimates based on duration.\nThe average duration of our debt securities was approximately 4.6 years at December 31, 2010.\nIncluding cash equivalents, the average duration was approximately 4.0 years.\nBased on the duration including cash equivalents, a 1% increase in interest rates would generally decrease the fair value of our securities by approximately $395 million."}
{"_id": "d886f80ce", "title": "", "text": "| 2003 2002 | Quarter | First | Second | Third | Fourth | Commercial  Banking | (Dollars in thousands) | 2001 | Net interest income | Provision for loan losses-5 | Noninterest income (loss)(6) | Noninterest expense-7 | Minority interest in net losses of consolidated affiliates | Income (loss) before income taxes | Total assets-8 | 2003 | Shares | Outstanding at January 1, | Granted | Exercised | Forfeited | Outstanding at December 31, | Exercisable at December 31, | Options Outstanding | Ranges of Exercise Prices | $7.88-15.03 | 15.15-19.20 | 19.24-22.50 | 22.97-23.69 | 23.76-24.57 | 24.80-25.17 | 25.29-26.06 | 26.24-31.29 | 31.45-34.84 | 35.26-58.25 | $7.88-58.25 |"}
{"_id": "d8de8a26a", "title": "", "text": "| 4/09 4/10 4/11 4/12 4/13 4/14 | NetApp, Inc. | NASDAQ Composite | S&P 500 | S&P 500 Information Technology | December 31, 2007 | Less than twelve months | Carrying value | (in millions) | Fixed maturities, available-for-sale: | U.S. government and agencies | Non-U.S. governments | States and political subdivisions | Corporate — public | Corporate — private | Mortgage-backed and other asset-backed securities | Total fixed maturities, available-for-sale | Total equity securities, available-for-sale | December 31, | 2007 | (in millions) | 8.2% notes payable, due 2009 | 3.31% notes payable, due 2011 | 3.63% notes payable, due 2011 | 6.05% notes payable, due 2036 | 8% surplus notes payable, due 2044 | Nonrecourse mortgages and notes payable | Other mortgages and notes payable | Total long-term debt |"}
{"_id": "d8b728406", "title": "", "text": "| Level 1 Level 2 Level 3 Total | (In Millions) | Assets: | Temporary cash investments | Decommissioning trust funds | Power contracts | Securitization recovery trust account | Other investments | $2,360 | Liabilities: | Gas hedge contracts |"}
{"_id": "d894e00ec", "title": "", "text": "| In millions, except per share amounts 2006 2005 2004 | Revenues | Earnings from discontinued operation | Earnings from operation | Income tax expense | Earnings from operation, net of taxes | Loss on sales and impairments | Income tax benefit | Loss on sales and impairments, net of taxes | Earnings (loss) from discontinued operation, net of taxes | Earnings per common share from discontinued operation - assuming dilution | Earnings from operation | Loss on sales and impairments | Earnings (loss) per common share from discontinued operation, net of taxes and minority interest - assumingdilution |"}
{"_id": "d8f861a12", "title": "", "text": "| December 31, | 2007 | Cost  Basis | Mortgage-backed securities: | Backed by U.S. Government sponsored and Federal Agencies | Collateralized mortgage obligations and other | Total mortgage-backed securities | Investment securities: | Asset-backed securities | Municipal bonds | Corporate bonds | Other debt securities | Publicly traded equity securities: | Preferred stock | Corporate investments | Retained interest from securitizations | Total investment securities | Total available-for-sale securities | Within One Year | Balance  Due | Mortgage-backed securities: | Backed by U.S. Government sponsored and Federal agencies | Collateralized mortgage obligations and other | Total mortgage-backed securities | Investment securities: | Municipal bonds-1 | Corporate debt | Other debt securities | Publicly traded equity securities | Preferred stock-2 | Corporate investments-3 | Retained interests from securitizations | Total investment securities | Total available-for-sale securities |"}
{"_id": "d8a255e48", "title": "", "text": "| As of February 28, 2014 | (In thousands) | Fiscal 2015 | Fiscal 2016 | Fiscal 2017 | Fiscal 2018 | Fiscal 2019 | Fiscal 2020 and thereafter | Total minimum lease payments | Less amounts representing interest | Present value of net minimum lease payments |"}
{"_id": "d881fa07c", "title": "", "text": "| Stock-Settled Awards Cash-Settled Awards Performance-Based Awards | Awards | Non-vested as of January 1, 2012 | Granted | Vested | Forfeited | Non-vested as of December 31, 2012 | Total unrecognized compensation expense remaining | Weighted-average years expected to be recognized over |"}
{"_id": "d862d1d4e", "title": "", "text": "| (Amounts in millions) 2012 2011 Change | External net sales | Intersegment net sales | Segment net sales | Cost of goods sold | Gross profit | Operating expenses | Segment operating earnings |"}
{"_id": "d8d54204a", "title": "", "text": "| Pension Benefits | U.S. Plans | 2017 | Weighted Average Assumptions at December 31 | Discount rate | Average rate of increase in compensation | Weighted Average Assumptions Used to Determine Net Benefit Cost for the Year Ended December 31 | Discount rate - Service cost | Effective interest rate on benefit obligation | Expected long-term rate of return on assets | Average rate of increase in compensation | Pension Benefits | U.S. Plans | 2016 | Service cost | Interest cost | Expected return on assets | Amortization of prior service costs/(credits) | Net remeasurement (gain)/loss | Separation programs/other | Settlements and curtailments | Net periodic benefit cost/(income) |"}
{"_id": "d87a5caf4", "title": "", "text": "CME Non-Qualified Plans.\nCME maintains non-qualified plans, under which participants may make assumed investment choices with respect to amounts contributed on their behalf.\nAlthough not required to do so, CME invests such contributions in assets that mirror the assumed investment choices.\nThe balances in these plans are subject to the claims of general creditors of the exchange and totaled $28.8 million and $23.4 million at December 31, 2010 and 2009, respectively.\nAlthough the value of the plans is recorded as an asset in the consolidated balance sheets, there is an equal and offsetting liability.\nThe investment results of these plans have no impact on net income as the investment results are recorded in equal amounts to both investment income and compensation and benefits expense."}
{"_id": "d87528bdc", "title": "", "text": "| December 31 | (Dollars in millions) | Consumer | Residential mortgage | Home equity | Discontinued real estate | Direct/Indirect consumer | Other consumer | Total consumer | Commercial | Commercial – domestic-1 | Commercial real estate | Commercial lease financing | Commercial – foreign | Total commercial | Total nonperforming loans and leases |"}
{"_id": "d8afe3e0c", "title": "", "text": "Other Commitments As of September 29, 2012, the Company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $21.1 billion.\nIn addition to the off-balance sheet commitments mentioned above, the Company had outstanding obligations of $988 million as of September 29, 2012, which were comprised mainly of commitments to acquire capital assets, including product tooling and manufacturing process equipment, and commitments related to advertising, research and development, Internet and telecommunications services and other obligations.\nContingencies The Company is subject to various legal proceedings and claims that have arisen in the ordinary course of business and have not been fully adjudicated, certain of which are discussed in Part I, Item 3 of this Form 10-K under the heading “Legal Proceedings” and in Part I, Item 1A of this Form 10-K under the heading “Risk Factors.\n” In the opinion of management, there was not at least a reasonable possibility the Company may have incurred a material loss, or a material loss in excess of a recorded accrual, with respect to loss contingencies.\nHowever, the outcome of litigation is inherently uncertain.\nTherefore, although management considers the likelihood of such an outcome to be remote, if one or more of these legal matters were resolved against the Company in a reporting period for amounts in excess of management’s expectations, the Company’s consolidated financial statements for that reporting period could be materially adversely affected.\nApple Inc.  vs Samsung Electronics Co. , Ltd, et al.\nOn August 24, 2012, a jury returned a verdict awarding the Company $1.05 billion in its lawsuit against Samsung Electronics and affiliated parties in the United States District Court, Northern District of California, San Jose Division.\nBecause the award is subject to entry of final judgment and may be subject to appeal, the Company has not recognized the award in its consolidated financial statements for the year ended September 29, 2012."}
{"_id": "d8bd67542", "title": "", "text": "(a) The shares reported in this column represent purchases settled in the fourth quarter of 2015 relating to (i) our purchases of shares in open-market transactions to meet our obligations under stock-based compensation plans, and (ii) our purchases of shares from our employees and non-employee directors in connection with the exercise of stock options, the vesting of restricted stock, and other stock compensation transactions in accordance with the terms of our stock-based compensation plans.\n(b) On July 13, 2015, we announced that our board of directors approved our purchase of $2.5 billion of our outstanding common stock (with no expiration date), which was in addition to the remaining amount available under our $3 billion program previously authorized.\nDuring the third quarter of 2015, we completed our purchases under the $3 billion program.\nAs of December 31, 2015, we had $1.3 billion remaining available for purchase under the $2.5 billion program."}
{"_id": "d8b890320", "title": "", "text": "| -1(2) December 31, 2005 December 31, 2004 | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total Public Fixed Maturities | -1 | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total Public Fixed Maturities |"}
{"_id": "d8bd01382", "title": "", "text": "| AAG Series A Preferred Stock $3,329 | Single-dip equity obligations | Labor-related deemed claim | Total | 2013 | (In cents) | Total mainline CASM | Less: Special items, net | Less: Aircraft fuel and related taxes | Less: Profit sharing | Total mainline CASM excluding special items, fuel and profit sharing1 |"}
{"_id": "d8e2263e2", "title": "", "text": "| December 31, | (In millions) | Term loan | Revolving credit facility | 3.125% senior notes due 2015 | 3.125% senior notes due 2016 | 6.8% senior notes due 2017 | 4.625% senior notes due 2020 | 4.75% senior notes due 2021 | 3.5% senior notes due 2022 | Other borrowings | Long-term debt (including current maturities) |"}
{"_id": "d8d3b0c86", "title": "", "text": "The Company reviews all investments for other-than-temporary impairment at least quarterly or as indicators of impairment exist.\nIndicators of impairment include the duration and severity of the decline in fair value below carrying value as well as the intent and ability to hold the investment to allow for a recovery in the market value of the investment.\nIn addition, the Company considers qualitative factors that include, but are not limited to: (i) the financial condition and business plans of the investee including its future earnings potential, (ii) the investees credit rating, and (iii) the current and expected market and industry conditions in which the investee operates.\nIf a decline in the fair value of an investment is deemed by management to be other-than-temporary, the Company writes down the carrying value of the investment to fair value, and the amount of the write-down is included in net earnings.\nSuch a determination is dependent on the facts and circumstances relating to each investment.\nThe Company recognized $0 million, $1 million and $0 million of other-than-temporary impairment losses related to equity securities in the consolidated statements of operations for the years ended December 31, 2010, 2009, and 2008, respectively.\nThe amortized cost, gross unrealized gain, gross unrealized loss and fair values for available-for-sale securities by major security type are as follows:"}
{"_id": "d8d33013a", "title": "", "text": "| Year ended December 31, | 2009 | Operating results: | Revenues | Benefits and expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments(1) | Related charges-2 | Income from continuing operations before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d89710f92", "title": "", "text": "| Accruing Past Due 90 Days or More Nonperforming | December 31 | (Dollars in millions) | Residential mortgage-2, 3 | Home equity-2 | Discontinued real estate-2 | U.S. credit card | Non-U.S.credit card | Direct/Indirect consumer | Other consumer | Total |"}
{"_id": "d87bac65c", "title": "", "text": "SILICON VALLEY BANCSHARES AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) 20.\nOff-Balance Sheet Arrangements, Guarantees, and Other Commitments (Continued) Obligation Under Guarantees The Company provides guarantees related to financial and performance standby letters of credit.\nThe table below summarizes the Companys standby letter of credits at December 31, 2003.\nThe maximum potential amount of future payments represents the amount that could be lost under the standby letter of credits if there were a total default by the guaranteed parties, without consideration of possible recoveries under recourse provisions or from the collateral held or pledged."}
{"_id": "d8b3fe500", "title": "", "text": "| Millions OperatingLeases CapitalLeases | 2018 | 2019 | 2020 | 2021 | 2022 | Later years | Total minimum lease payments | Amount representing interest | Present value of minimum lease payments |"}
{"_id": "d8eddb5a2", "title": "", "text": "| (Millions of Dollars) | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 and thereafter | Total |"}
{"_id": "d8e09d1a6", "title": "", "text": "| Year EndedDecember 31, Seven MonthsEndedDecember 31, 2016 Year EndedMay 31, 2016 | 2018 | (in thousands) | Revenues-1(2): | North America | Europe | Asia-Pacific | Consolidated revenues | Operating income (loss)(2): | North America | Europe | Asia-Pacific | Corporate-2 | Consolidated operating income | Depreciation and amortization-2: | North America | Europe | Asia-Pacific | Corporate | Consolidated depreciation and amortization |"}
{"_id": "d88a7a486", "title": "", "text": "| As of December | in millions | Securities purchased under agreements toresell1 | Securities borrowed2 | Securities sold under agreements torepurchase1 | Securitiesloaned2 | Consolidated Balance Sheet Data | (In millions) | Cash, cash equivalents and investments | Long-term investments | Working capital | Total assets | Current portion of long-term debt | Long-term debt | Other long-term obligations | Total stockholders’ equity |"}
{"_id": "d8adbdd26", "title": "", "text": "| Years ended December 31, 2018 2017 2016 | Revenues | % of total company revenues | Earnings from operations | Operating margins |"}
{"_id": "d8f8cb480", "title": "", "text": "| (millions) 2017 2016 2015 | Net tangible assets acquired and equity method investments | Identifiable intangible assets | Customer relationships | Patents | Trademarks | Non-compete agreements | Other technology | Total intangible assets | Goodwill | Total aggregate purchase price | Acquisition related liabilities and contingent consideration | Net cash paid for acquisitions, including acquisition related | liabilities and contingent consideration |"}
{"_id": "d8bef6944", "title": "", "text": "| Year ended December 31Dollars in millions 2012 2011 | Net interest income | Net interest margin |"}
{"_id": "d86cf7292", "title": "", "text": "The fair value adjustment presented above represents changes in the fair value of the portion of Schlumbergers fixed rate debt that is hedged through the use of interest rate swaps.\nDuring the third quarter of 2009, Schlumberger issued $450 million of 3.00% Guaranteed Notes due 2013.  an initial conversion price of $40.00 per share).\nThe conversion rate may be adjusted for certain events, but it will not be adjusted for accrued interest.\nOn or after June 6, 2010, Schlumberger may redeem for cash all or part of the debentures, upon notice to the holders, at the redemption prices of 100% of the principal amount of the debentures, plus accrued and unpaid interest to the date of redemption.\nOn June 1, 2010, June 1, 2013 and June 1, 2018, holders may require Schlumberger to repurchase their Series B debentures.\nThe repurchase price will be 100% of the principal amount of the debentures plus accrued and unpaid interest to the repurchase date.\nThe repurchase price for repurchases on June 1, 2010 will be paid in cash.\nOn the other repurchase dates, Schlumberger may choose to pay the repurchase price in cash or common stock or any combination of cash and common stock.\nIn addition, upon the occurrence of a Fundamental Change (defined as a change in control or a termination of trading of Schlumberger¡¯s common stock), holders may require Schlumberger to repurchase all or a portion of their debentures for an amount equal to 100% of the principal amount of the debentures plus accrued and unpaid interest to the repurchase date.\nThe repurchase price may be paid in cash, Schlumberger common stock (or if Schlumberger is not the surviving entity in a merger, the securities of the surviving entity) or a combination of cash and the applicable securities, at Schlumberger¡¯s option.\nThe applicable securities will be valued at 99% of their market price.\nSchlumberger¡¯s option to pay the repurchase price with securities is subject to certain conditions.\nThe debentures will mature on June 1, 2023 unless earlier redeemed or repurchased.\nDuring 2008 and 2007, $95 million and $34 million of the Series B debentures were converted into 2.4 million and 0.9 million shares of Schlumberger common stock, respectively.\nThere were $321 million of the Series B debentures outstanding at both December 31, 2009 and December 31, 2008.\nThe fair value of the Series B debentures at December 31, 2009 and December 31, 2008 was $527 million and $398 million, respectively, and was based on quoted market prices.\nOther Long-term Debt Other Long-term Debt consists of the following:\nThe fair value adjustment presented above represents changes in the fair value of the portion of Schlumberger¡¯s fixed rate debt that is hedged through the use of interest rate swaps.\nDuring the third quarter of 2009, Schlumberger issued $450 million of 3.00% Guaranteed Notes due 2013.\nDuring the first quarter of 2009, Schlumberger entered into a ¬3.0 billion Euro Medium Term Note program.\nThis program provides for the issuance of various types of debt instruments such as fixed or floating rate notes in euro, US dollar or other currencies.\nSchlumberger issued ¬1.0 billion 4.50% Guaranteed Notes due 2014 in the first quarter of 2009 under this program.\nSchlumberger entered into agreements to swap these euro notes"}
{"_id": "d87a7e35c", "title": "", "text": "SHAREHOLDER RETURN PERFORMANCE PRESENTATION The graph presented below compares the cumulative total shareholder return on State Street's common stock to the cumulative total return of the S&P 500 Index and the S&P Financial Index over a five-year period.\nThe cumulative total shareholder return assumes the investment of $100 in State Street common stock and in each index on December 31, 2007 at the closing price on the last trading day of 2007, and also assumes reinvestment of common stock dividends.\nThe S&P Financial Index is a publicly available measure of 80 of the Standard & Poor's 500 companies, representing 26 diversified financial services companies, 22 insurance companies, 17 real estate companies and 15 banking companies.\nComparison of Five-Year Cumulative Total Shareholder Return"}
{"_id": "d8668670a", "title": "", "text": "Credit Exposure—Derivatives.\nThe Company incurs credit risk as a dealer in over-the-counter (“OTC”) derivatives.\nCredit risk with respect to derivative instruments arises from the failure of a counterparty to perform according to the terms of the contract.\nIn connection with its OTC derivative activities, the Company generally enters into master netting agreements and collateral arrangements with counterparties.\nThese agreements provide the Company with the ability to demand collateral, as well as to liquidate collateral and offset receivables and payables covered under the same master netting agreement in the event of counterparty default.\nThe Company manages its trading positions by employing a variety of risk mitigation strategies.\nThese strategies include diversification of risk exposures and hedging.\nHedging activities consist of the purchase or sale of positions in related securities and financial instruments, including a variety of derivative products (e. g. , futures, forwards, swaps and options).\nFor credit exposure information on the Company’s OTC derivative products, see Note 4 to the consolidated financial statements in Item 8.  Credit Derivatives.\nA credit derivative is a contract between a seller and buyer of protection against the risk of a credit event occurring on one or more debt obligations issued by a specified reference entity.\nThe buyer typically pays a periodic premium over the life of the contract and is protected for the period.\nIf a credit event occurs, the seller is required to make payment to the beneficiary based on the terms of the credit derivative contract.\nCredit events, as defined in the contract, may be one or more of the following defined events: bankruptcy, dissolution or insolvency of the referenced entity, failure to pay, obligation acceleration, repudiation, payment moratorium and restructurings.\nThe Company trades in a variety of credit derivatives and may either purchase or write protection on a single name or portfolio of referenced entities.\nIn transactions referencing a portfolio of entities or securities, protection may be limited to a tranche of exposure or a single name within the portfolio.\nThe Company is an active market maker in the credit derivatives markets.\nAs a market maker, the Company works to earn a bid-offer spread on client flow business and manages any residual credit or correlation risk on a portfolio basis.\nFurther, the Company uses credit derivatives to manage its exposure to residential and commercial mortgage loans and corporate lending exposures during the periods presented.\nThe effectiveness of the Company’s credit default swap (“CDS”) protection as a hedge of its exposures may vary depending upon a number of factors, including the contractual terms of the CDS.\nThe Company actively monitors its counterparty credit risk related to credit derivatives.\nA majority of the Company’s counterparties are composed of banks, broker-dealers, insurance and other financial institutions.\nContracts with these counterparties may include provisions related to counterparty rating downgrades, which may result in the counterparty posting additional collateral to the Company.\nAs with all derivative contracts, the Company considers counterparty credit risk in the valuation of its positions and recognizes credit valuation adjustments as appropriate within Trading revenues in the consolidated statements of income."}
{"_id": "d867e9a84", "title": "", "text": "2009Net cash provided by operating activities in 2009 decreased $427 million as compared with 2008, due primarily to an increase in trade working capital of $366 million and an increase in deferred income taxes of $108 million.\nThe trade working capital change resulted primarily from the unfavorable impact of delayed customer billings associated with negative performance adjustments on the LPD-22 through LPD- 25 contract due to projected cost increases at completion.\nSee Note 7: Contract Charges in Item 8.\nThe change in deferred taxes was due to the timing of contract related deductions.\nU. S.  federal income tax payments made by Northrop Grumman on our behalf were $132 million in 2009."}
{"_id": "d89813bc4", "title": "", "text": "| (Dollars in millions) 2016 2015 | Sales and trading revenue | Fixed-income, currencies and commodities | Equities | Total sales and trading revenue | Sales and trading revenue, excluding net DVA-3 | Fixed-income, currencies and commodities | Equities | Total sales and trading revenue, excluding net DVA |"}
{"_id": "d8e3a8f6c", "title": "", "text": "International Insurance Division Foreign Currency Exchange Rate Movements and Related Hedging Strategies As a U. S. -based company with significant business operations outside the U. S. , particularly in Japan, we are subject to foreign currency exchange rate movements that could impact our U. S.  dollar-equivalent shareholder return on equity.\nWe seek to mitigate this impact through various hedging strategies, including the use of derivative contracts and by holding U. S.  dollar-denominated assets in certain of our foreign subsidiaries.\nThe operations of our International Insurance division are subject to currency fluctuations that can materially affect our U. S.  dollarequivalent earnings from period to period, even if earnings on a local currency basis are relatively constant.\nWe enter into forward currency derivative contracts as part of our strategy to effectively fix the currency exchange rates for a portion of our prospective non-U.\nS.  dollardenominated earnings streams, thereby reducing earnings volatility from foreign currency exchange rate movements.\nThe forward currency hedging program is primarily associated with our insurance operations in Japan and Korea.\nSeparately, our Japanese insurance operations offer a variety of non-yen denominated products, primarily comprised of U. S.  and Australian dollar-denominated products that are supported by investments in corresponding currencies.\nWhile these non-yen denominated assets and liabilities are economically matched, prior to 2015, differences in the accounting for changes in the value of these assets and liabilities due to changes in foreign currency exchange rate movements resulted in volatility in reported U. S.  GAAP earnings.\nAs a result of continued growth in these portfolios, effective in the first quarter of 2015, we implemented a new structure in Gibraltar Life that disaggregated the U. S.  and Australian dollar-denominated businesses into separate divisions, each with its own functional currency that aligns with the underlying products and investments.\nFor further information on the hedging strategies used to mitigate the risks of foreign currency exchange rate movements on earnings as well as the U. S.  GAAP earnings impact from products denominated in non-local currencies, see Impact of foreign currency exchange rate movements on earnings.\n We utilize a yen hedging strategy that calibrates the hedge level to preserve the relative contribution of our yen-based business to the Companys overall return on equity on a leverage neutral basis.\nWe implement this hedging strategy utilizing a variety of instruments, including foreign currency derivative contracts, as discussed above, as well as U. S.  dollar-denominated assets and, to a lesser extent, dual currency and synthetic dual currency assets held locally in our Japanese insurance subsidiaries.\nWe may also hedge using instruments held in our U. S.  domiciled entities, such as U. S.  dollar-denominated debt that has been swapped to yen.\nThe total hedge level may vary based on our periodic assessment of the relative contribution of our yen-based business to the Companys overall return on equity\nThe following table sets forth the composition related to the investments of our Japanese insurance operations general account as of the dates indicated."}
{"_id": "d817f63ce", "title": "", "text": "PENSION AND OTHER POST-RETIREMENT BENEFIT COSTS We offer the following benefits to some or all of our employees: a domestic trust-based noncontributory qualified defined benefit pension plan (U.\nS.  Qualified Plan) and an unfunded, non-qualified domestic noncontributory pension plan to provide benefits in excess of statutory limitations (collectively with the U. S.  Qualified Plan, the Domestic Plans); a domestic contributory defined contribution plan; international pension plans, which vary by country, consisting of both defined benefit and defined contribution pension plans; deferred compensation arrangements; and certain other postretirement benefit plans.\nThe amounts needed to fund future payouts under our defined benefit pension and post-retirement benefit plans are subject to numerous assumptions and variables.\nCertain significant variables require us to make assumptions that are within our control such as an anticipated discount rate, expected rate of return on plan assets and future compensation levels.\nWe evaluate these assumptions with our actuarial advisors and select assumptions that we believe reflect the economics underlying our pension and post-retirement obligations.\nWhile we believe these assumptions are within accepted industry ranges, an increase or decrease in the assumptions or economic events outside our control could have a direct impact on reported net earnings.\nThe discount rate for each plan used for determining future net periodic benefit cost is based on a review of highly rated long-term bonds.\nFor fiscal 2013, we used a discount rate for our Domestic Plans of 3.90% and varying rates on our international plans of between 1.00% and 7.00%.\nThe discount rate for our Domestic Plans is based on a bond portfolio that includes only long-term bonds with an Aa rating, or equivalent, from a major rating agency.\nAs of June 30, 2013, we used an above-mean yield curve, rather than the broad-based yield curve we used before, because we believe it represents a better estimate of an effective settlement rate of the obligation, and the timing and amount of cash flows related to the bonds included in this portfolio are expected to match the estimated defined benefit payment streams of our Domestic Plans.\nThe benefit obligation of our Domestic Plans would have been higher by approximately $34 million at June 30, 2013 had we not used the above-mean yield curve.\nFor our international plans, the discount rate in a particular country was principally determined based on a yield curve constructed from high quality corporate bonds in each country, with the resulting portfolio having a duration matching that particular plan.\nFor fiscal 2013, we used an expected return on plan assets of 7.50% for our U. S.  Qualified Plan and varying rates of between 2.25% and 7.00% for our international plans.\nIn determining the long-term rate of return for a plan, we consider the historical rates of return, the nature of the plans investments and an expectation for the plans investment strategies.\nSee Note 12  Pension, Deferred Compensation and Post-retirement Benefit Plans of Notes to Consolidated Financial Statements for details regarding the nature of our pension and post-retirement plan investments.\nThe difference between actual and expected return on plan assets is reported as a component of accumulated other comprehensive income.\nThose gains/losses that are subject to amortization over future periods will be recognized as a component of the net periodic benefit cost in such future periods.\nFor fiscal 2013, our pension plans had actual return on assets of approximately $74 million as compared with expected return on assets of approximately $64 million.\nThe resulting net deferred gain of approximately $10 million, when combined with gains and losses from previous years, will be amortized over periods ranging from approximately 7 to 22 years.\nThe actual return on plan assets from our international pension plans exceeded expectations, primarily reflecting a strong performance from fixed income and equity investments.\nThe lower than expected return on assets from our U. S.  Qualified Plan was primarily due to weakness in our fixed income investments, partially offset by our strong equity returns.\nA 25 basis-point change in the discount rate or the expected rate of return on plan assets would have had the following effect on fiscal 2013 pension expense:"}
{"_id": "d8e0a66fc", "title": "", "text": "| 2014 2013 | Vehicles | Aircraft | Buildings | Plant Equipment | Technology Equipment | Accumulated amortization | $1,791 |"}
{"_id": "d81114754", "title": "", "text": "Year ended September 30, 2008 Compared with the Year ended September 30, 2007 - Other Revenue in the Other segment includes interest earnings on available corporate cash balances and gains/losses on corporate investments, including company-owned life insurance used as a funding vehicle for non-qualified deferred compensation programs.\nExpenses in this segment are predominantly executive compensation and certain compensation accruals related to our benefit plans as a result of increased profitability at RJ Bank."}
{"_id": "d822f829a", "title": "", "text": "| 2017 2016 | 2016 Facility | $400 million 1.850% senior notes due 2017 | $800 million 2.050% senior notes due 2018 | $500 million 6.250% senior notes due 2019 | $600 million 3.000% senior notes due 2020 | $500 million 2.800% senior notes due 2021 | $500 million 3.125% senior notes due 2022 | $300 million 3.850% senior notes due 2025 | $700 million 3.800% senior notes due 2026 | Other | Less unamortized debt issuance costs | Total debt | Less current portion, net of issuance costs | Long-term debt |"}
{"_id": "d8ad8a372", "title": "", "text": "Prior to January 1, 2005, the Black-Scholes model was used to determine the fair value of Stock Options granted and recognized in the financial statements or as reported in the pro forma disclosure which follows.\nThe fair value of Stock Options issued on or after January 1, 2005 was estimated on the date of grant using a binomial lattice model.\nThe Company made this change because lattice models produce more accurate option values due to the ability to incorporate assumptions about grantee exercise behavior resulting from changes in the price of the underlying shares.\nIn addition, lattice models allow for changes in critical assumptions over the life of the option in comparison to closed-form models like Black-Scholes, which require single-value assumptions at the time of grant.\nThe Company used daily historical volatility since the inception of trading when calculating Stock Option values using the Black-Scholes model.\nIn conjunction with the change to the binomial lattice model, the Company began estimating expected future volatility based upon an analysis of historical prices of the Holding Companys common stock and call options on that common stock traded on the open market.\nThe Company uses a weighted-average of the implied volatility for publicly traded call options with the longest remaining maturity nearest to the money as of each valuation date and the historical volatility, calculated using monthly closing prices of the Holding Companys common stock.\nThe Company chose a monthly measurement interval for historical volatility as it believes this better depicts the nature of employee option exercise decisions being based on longer-term trends in the price of the underlying shares rather than on daily price movements.\nThe risk-free rate is based on observed interest rates for instruments with maturities similar to the expected term of the Stock Options.\nWhereas the Black-Scholes model requires a single spot rate for instruments with a term matching the expected life of the option at the valuation date, the binomial lattice model allows for the use of different rates for each year over the contractual term of the option."}
{"_id": "d871f3354", "title": "", "text": "| 2017 2016 2015 | Risk-free interest rate | Weighted average volatility | Dividend yield | Expected years until exercise |"}
{"_id": "d89ec4874", "title": "", "text": "2.\nNew Accounting Standards Effective January 1, 2003, Marathon adopted Statement of Financial Accounting Standards No.143 \n“Accounting for Asset Retirement Obligations” (“SFAS No.143”).\nThis statement requires that the fair value of an asset retirement obligation be recognized in the period in which it is incurred if a reasonable estimate of fair value can be made.\nThe present value of the estimated asset retirement cost is capitalized as part of the carrying amount of the long-lived asset.\nPrevious accounting standards used the units-of-production method to match estimated future retirement costs with the revenues generated from the producing assets.\nIn contrast, SFAS No.143 requires depreciation of the capitalized asset retirement cost and accretion of the asset retirement obligation over time.\nThe depreciation will generally be determined on a units-of-production basis over the life of the field, while the accretion to be recognized will escalate over the life of the producing assets, typically as production declines.\nFor Marathon, asset retirement obligations primarily relate to the abandonment of oil and gas producing facilities.\nWhile assets such as refineries, crude oil and product pipelines, and marketing assets have retirement obligations covered by SFAS No.143, certain of those obligations are not recognized since the fair value cannot be estimated due to the uncertainty of the settlement date of the obligation.\nThe transition adjustment related to adopting SFAS No.143 on January 1, 2003, was recognized as a cumulative effect of a change in accounting principle.\nThe cumulative effect on net income of adopting SFAS No.143 was a net favorable effect of $4 million, net of tax of $4 million.\nAt the time of adoption, total assets increased $120 million, and total liabilities increased $116 million.\nThe amounts recognized upon adoption are based upon numerous estimates and assumptions, including future retirement costs, future recoverable quantities of oil and gas, future inflation rates and the credit-adjusted risk-free interest rate.\nChanges in asset retirement obligations during the year were:"}
{"_id": "d85ed27de", "title": "", "text": "| December 31, | 2011 | (In millions) | Fund Groupings: | Equity | Balanced | Bond | Money Market | Specialty | Total |"}
{"_id": "d89fa912c", "title": "", "text": "| 2014: High Low | January 1, 2014 to March 31, 2014 | April 1, 2014 to June 30, 2014 | July 1, 2014 to September 30, 2014 | October 1, 2014 to December 31, 2014 | 2013: | January 1, 2013 to March 31, 2013 | April 1, 2013 to June 30, 2013 | July 1, 2013 to September 30, 2013 | October 1, 2013 to December 31, 2013 |"}
{"_id": "d8c6c1836", "title": "", "text": "| Operating Subsidiary: A.M. Best Standard & Poor's Moody's | Everest Re | Bermuda Re | Ireland Re | Everest National | Everest Indemnity | Everest Security | Everest International Assurance, Ltd. | Everest International | Everest Canada | Everest Denali | Everest Premier |"}
{"_id": "d8612d998", "title": "", "text": "| Years Ended December 31, | 2017 | Net income | Less: Net income attributable to noncontrolling interests | Net income attributable to Ameriprise Financial | Basic: Weighted-average common shares outstanding | Effect of potentially dilutive nonqualified stock options and other share-based awards | Diluted: Weighted-average common shares outstanding | Basic | Diluted |"}
{"_id": "d87a0894a", "title": "", "text": "| Dollars in millions December 31 2015 December 312014 | Nonperforming loans | Total commercial lending | Total consumer lending (a) | Total nonperforming loans (b) | OREO and foreclosed assets | Other real estate owned (OREO) | Foreclosed and other assets | Total OREO and foreclosed assets (c) | Total nonperforming assets | Nonperforming loans to total loans | Nonperforming assets to total loans, OREO and foreclosed assets | Nonperforming assets to total assets | Interest on nonperforming loans | Computed on original terms | Recognized prior to nonperforming status |"}
{"_id": "d8888dfa6", "title": "", "text": "| Payments (Receipts) (In Millions) | Entergy Arkansas | Entergy Louisiana | Entergy Mississippi | Entergy New Orleans | Entergy Texas |"}
{"_id": "d8746a61e", "title": "", "text": "| Maximum potential amount of future payments | In billions of dollars | Financial standby letters of credit | Performance guarantees | Derivative instruments deemed to be guarantees | Guarantees of collection of contractual cash flows | Loans sold with recourse | Securities lending indemnifications | Credit card merchant processing | Custody indemnifications and other | Total |"}
{"_id": "d8240078c", "title": "", "text": "| Years Ended December 31, | 2011 | GAAP | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Income from continuing operations before income tax provision | Income tax provision | Income from continuing operations | Loss from discontinued operations, net of tax | Net income | Less: Net income (loss) attributable to non- controlling interests | Net income attributable to Ameriprise Financial |"}
{"_id": "d8f303f48", "title": "", "text": "| 2006 2005 | (In thousands) | December 31: | Gross unrealized gains | Gross unrealized losses | Year ended December 31: | Average gross unrealized gains | Average gross unrealized losses |"}
{"_id": "d8d0c33fc", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Note 8Commitments and Contingencies (Continued) provide renewal options for terms of 3 to 7 additional years.\nLeases for retail space are for terms of 5 to 20 years, the majority of which are for 10 years, and often contain multi-year renewal options.\nAs of September 29, 2007, the Companys total future minimum lease payments under noncancelable operating leases were $1.4 billion, of which $1.1 billion related to leases for retail space.\nRent expense under all operating leases, including both cancelable and noncancelable leases, was $151 million, $138 million, and $140 million in 2007, 2006, and 2005, respectively.\nFuture minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of September 29, 2007, are as follows (in millions):"}
{"_id": "d8f25f542", "title": "", "text": "Gains on Level 3 commodity derivatives recognized in earnings for the year ended Dec.  31, 2008, include $3.7 million of net unrealized gains relating to commodity derivatives held at Dec.  31, 2008.\nRealized and unrealized gains and losses on commodity trading activities are included in electric revenues.\nRealized and unrealized gains and losses on short-term wholesale activities reflect the impact of regulatory recovery and are deferred as regulatory assets and liabilities.\nRealized and unrealized gains and losses on nuclear decommissioning fund investments are deferred as a component of a nuclear decommissioning regulatory asset.16."}
{"_id": "d82d8f19a", "title": "", "text": "Net Operating Revenues Year Ended December 31, 2014 versus Year Ended December 31, 2013 The Company’s net operating revenues decreased $856 million, or 2 percent.\nThe following table illustrates, on a percentage basis, the estimated impact of key factors resulting in the increase (decrease) in net operating revenues for each of our operating segments:"}
{"_id": "d8c5b6248", "title": "", "text": "Reserves for Asbestos and Environmental Losses and LAE.\nAt December 31, 2012, the Company’s gross reserves for A&E claims represented 4.4% of its total reserves.\nThe Company’s A&E liabilities stem from Mt.\nMcKinley’s direct insurance business and Everest Re’s assumed reinsurance business.\nThere are significant uncertainties in estimating the amount of the Company’s potential losses from A&E claims and ultimate values cannot be estimated using traditional reserving techniques.\nSee ITEM 7, “Management’s Discussion and Analysis of Financial Condition and Results of Operations – Asbestos and Environmental Exposures” and Item 8, “Financial Statements and Supplementary Data” - Note 3 of Notes to Consolidated Financial Statements.\nMt.\nMcKinley’s book of direct A&E exposed insurance policies is relatively small and homogenous.\nIt arises from a limited period, from 1975 to 1984.\nThe book was principally excess liability, thereby limiting exposure analysis to a limited number of policies and forms.\nAs a result of this focused structure, the Company believes that it is able to comprehensively analyze its exposures, allowing it to identify, analyze and actively monitor those claims which have unusual exposure, including policies on which it may be exposed to pay expenses in addition to policy limits or on which non-products coverage may be contended.\nThere can be no assurance that reserves for, and losses from, claim obligations will not increase in the future, possibly by a material amount.\nHowever, we believe that our existing reserves and reserving methodologies lessen the probability that any such increase would have a material adverse effect on our financial condition, results of operations or cash flows.\nIn this context, we note that over the past 10 years, our calendar year operations have been affected by effects from prior period reserve re-estimates, ranging from a favorable $30.9 million in 2010, representing 0.4% of the net prior period reserves for the year in which the adjustment was made, to an unfavorable $249.4 million in 2004, representing 4.8% of the net prior period reserves for the year in which the adjustment was made.\nWe have included ranges for loss reserve estimates determined by our actuaries, which have been developed through a combination of objective and subjective criteria.\nOur presentation of this information may not be directly comparable to similar presentations of other companies as there are no consistently applied actuarial or accounting standards governing such presentations.\nOur recorded reserves are an aggregation of our best point estimates for approximately 200 reserve groups and reflect our best point estimate of our liabilities.\nOur actuarial methodologies develop point estimates rather than ranges and the ranges are developed subsequently based upon historical and prospective variability measures.\nThe following table below represents the reserve levels and ranges for each of our business segments for the period indicated."}
{"_id": "d8b3c9922", "title": "", "text": "| (in millions of U.S. dollars, except for percentages) Long-tail Short-tail Total % of net unpaid reserves* | 2008 | Insurance – North American | Insurance – Overseas General | Global Reinsurance | Total | 2007 | Insurance – North American** | Insurance – Overseas General | Global Reinsurance*** | Total |"}
{"_id": "d8bffd1b2", "title": "", "text": "| Years Ended June 30, | 2009 | ($ in millions) | Interest expense on notes payable to ADP affiliated parties | Interest expense on borrowings | Interest income | Foreign currency exchange (gain) loss | Gain from purchase of senior notes | Other | Other expenses, net |"}
{"_id": "d8d3725ee", "title": "", "text": "| December 31, 2009 December 31, 2008 | Amortized Cost | (in millions) | Short-term Investments and Cash Equivalents | Fixed Maturities: | Corporate Securities | Commercial Mortgage-Backed | Residential Mortgage-Backed | Asset Backed Securities | Foreign Government | U.S. Government | Total Fixed Maturities | Equity Securities | Total trading account assets supporting insurance liabilities |"}
{"_id": "d8908b58c", "title": "", "text": "| 2015 Quarters 2014 Quarters | (Dollars in millions) | Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis | Net interest income | Fully taxable-equivalent adjustment | Net interest income on a fully taxable-equivalent basis | Reconciliation of total revenue, net of interest expense to total revenue, net of interest expense on a fully taxable-equivalent basis | Total revenue, net of interest expense-2 | Fully taxable-equivalent adjustment | Total revenue, net of interest expense on a fully taxable-equivalent basis | Reconciliation of income tax expense (benefit) to income tax expense (benefit) on a fully taxable-equivalent basis | Income tax expense (benefit)(2) | Fully taxable-equivalent adjustment | Income tax expense (benefit) on a fully taxable-equivalent basis | Reconciliation of average common shareholders’ equity to average tangible common shareholders’ equity | Common shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible common shareholders’ equity | Reconciliation of average shareholders’ equity to average tangible shareholders’ equity | Shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible shareholders’ equity | Reconciliation of period-end common shareholders’ equity to period-end tangible common shareholders’ equity | Common shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible common shareholders’ equity | Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity | Shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible shareholders’ equity | Reconciliation of period-end assets to period-end tangible assets | Assets | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible assets | Year Ended December 31 | Beginning balance | Warranty expense | Payments | Adjustments* | Ending balance |"}
{"_id": "d8da9f876", "title": "", "text": "| December 31 | Nonperforming   Loans and   Foreclosed   Properties-1 | (Dollars in millions) | Commercial real estate – non-homebuilder | Office | Multi-family rental | Shopping centers/retail | Industrial/warehouse | Multi-use | Hotels/motels | Land and land development | Other-3 | Total non-homebuilder | Commercial real estate – homebuilder | Total commercial real estate |"}
{"_id": "d8a4fc0c0", "title": "", "text": "| in thousands Level 11 Level 21 Level 31 Total | Asset Category | Debt securities | Investment funds | Commodity funds | Equity funds | Short-term funds | Venture capital and partnerships | Total pension plan assets | in thousands | Asset Category | Debt securities | Investment funds | Commodity funds | Equity funds | Short-term funds | Venture capital and partnerships | Total pension plan assets |"}
{"_id": "d8f24863a", "title": "", "text": "| (Dollars in millions) Average Maximum Minimum | 2001: | Foreign exchange products | Interest rate products | 2000: | Foreign exchange products | Interest rate products |"}
{"_id": "d820d05c6", "title": "", "text": "| Year EndedDecember 31, 2015 Year EndedDecember 31, 2014 Year EndedDecember 31, 2013 | Dollars inMillions | Notebooks/Mobile Devices | Netcomm Products | Enterprise and Data Storage (Including Drives) | Other Hardware | Software | Services | Other-1 | Total Net sales |"}
{"_id": "d8880b650", "title": "", "text": "(8) We have incurred other various expenses from specific events or projects that we consider highly variable or have a significant impact to our operating results that we have excluded from our non-GAAP financial measures.\nThis includes legal entity and operational restructuring as well as our costs of complying with our DPA with the U. S.  government related to certain FCPA matters involving Biomet and certain of its subsidiaries.\nUnder the DPA, which has a three-year term, we are subject to oversight by an independent compliance monitor, which monitorship commenced in July 2017.\nThe excluded costs include the fees paid to the independent compliance monitor and to external legal counsel assisting in the matter.\n(9) Represents the tax effects on the previously specified items.\nThe tax effect for the U. S.  jurisdiction is calculated based on an effective rate considering federal and state taxes, as well as permanent items.\nFor jurisdictions outside the U. S. , the tax effect is calculated based upon the statutory rates where the items were incurred.\n(10) The 2016 period includes negative effects from finalizing the tax accounts for the Biomet merger.\nUnder the applicable U. S.  GAAP rules, these measurement period adjustments are recognized on a prospective basis in the period of change.\n(11) The 2017 Tax Act resulted in a net favorable provisional adjustment due to the reduction of deferred tax liabilities for unremitted earnings and revaluation of deferred tax liabilities to a 21 percent rate, which was partially offset by provisional tax charges related to the toll charge provision of the 2017 Tax Act.\nIn 2018, we finalized our estimates of the effects of the 2017 Tax Act based upon final guidance issued by U. S.  tax authorities.\n(12) Other certain tax adjustments in 2018 primarily related to changes in tax rates on deferred tax liabilities recorded on intangible assets recognized in acquisition-related accounting and adjustments from internal restructuring transactions that provide us access to offshore funds in a tax efficient manner.\nIn 2017, other certain tax adjustments relate to tax benefits from lower tax rates unrelated to the impact of the 2017 Tax Act, net favorable resolutions of various tax matters and net favorable adjustments from internal restructuring transactions.\nThe 2016 adjustment primarily related to a favorable adjustment to certain deferred tax liabilities recognized as part of acquisition-related accounting and favorable resolution of certain tax matters with taxing authorities offset by internal restructuring transactions that provide us access to offshore funds in a tax efficient manner.\n(13) Diluted share count used in Adjusted Diluted EPS:"}
{"_id": "d8259f4bc", "title": "", "text": "Off-Balance Sheet Arrangements We have no off-balance sheet debt or similar obligations, other than financial assurance instruments and operating leases, that are not classified as debt.\nWe do not guarantee any third-party debt."}
{"_id": "d8b5c2aee", "title": "", "text": "| December 31,2006 | Bank of America Corporation | Senior Debt | Moody’s | Standard & Poor’s-1 | Fitch, Inc.-2 | Net Charge-offs/Losses | (Dollars in millions) | Held basis | Residential mortgage | Home equity | Discontinued real estate | Credit card – domestic | Credit card – foreign | Direct/Indirect consumer | Other consumer | Total held | Supplemental managed basis data | Credit card – domestic | Credit card – foreign | Total credit card – managed |"}
{"_id": "d88aec766", "title": "", "text": "| December 31, 2016 | Less than 12 Months | (dollars in millions) | State and political subdivisions | Mortgage-backed securities: | Federal agencies and U.S. government sponsored entities | Other/non-agency | Total mortgage-backed securities | Total | December 31, 2015 | Less than 12 Months | (dollars in millions) | State and political subdivisions | US Treasury and other | Mortgage-backed securities: | Federal agencies and U.S. government sponsored entities | Other/non-agency | Total mortgage-backed securities | Total |"}
{"_id": "d8d44bf88", "title": "", "text": "| 2014 2013 | Indefinite-life intangible asset—Pullmantur trademarks and trade names | Foreign currency translation adjustment | Total |"}
{"_id": "d89b24318", "title": "", "text": "| Account Party/Borrower(s) Expiration Capacity Letter of   Credit   Issuances Drawdowns Unused   Commitments Maturity   (Years) | (In millions) | MetLife, Inc. | MetLife, Inc. | Exeter Reassurance Company Ltd., MetLife, Inc., & Missouri Reinsurance (Barbados), Inc. | Exeter Reassurance Company Ltd. | MetLife Reinsurance Company of South Carolina & MetLife, Inc. | MetLife Reinsurance Company of Vermont & MetLife, Inc. | MetLife Reinsurance Company of Vermont & MetLife, Inc. | Total |"}
{"_id": "d8efed278", "title": "", "text": "Depreciation on capital leases is recorded as depreciation expense in our results of operations.\nAs of May 27, 2018, we have issued guarantees and comfort letters of $540.8 million for the debt and other obligations of consolidated subsidiaries, and guarantees and comfort letters of $167.3 million for the debt and other obligations of non-consolidated affiliates, mainly CPW.\nIn addition, off-balance sheet arrangements are generally limited to the future payments under non-cancelable operating leases, which totaled $559.3 million as of May 27, 2018."}
{"_id": "d86e8e326", "title": "", "text": "| Three Months Ended | Dec. 31, 2018 | (Unaudited, in thousands) | Reconciliation of Net Income (Loss) to Non-GAAP Net Income: | Net income (loss) | Exclude: Provision (benefit) for income taxes | Income (loss) before income taxes | Stock-based compensation expense | Amortization of acquired intangible assets | Non-cash interest expense related to convertible notes | Impairment of investments in privately-held companies | Restructuring charges and one-time nonrecurring gain | Non-GAAP income before income taxes | Non-GAAP provision for income taxes | Non-GAAP net income |"}
{"_id": "d8366a422", "title": "", "text": "| Three Months Ended During 2008 | March 31 | (in thousands, except share data, unaudited) | Total revenues | Income before income taxes, equity income from unconsolidated joint ventures and minority interests' share in earnings | Total discontinued operations | Net income applicable to common shares | Dividends paid per common share | Basic earnings per common share | Diluted earnings per common share |"}
{"_id": "d87b9bd7a", "title": "", "text": "| (Amounts in millions) 2013 2012 2011 | Unrecognized tax benefits at beginning of year | Gross increases – tax positions in prior periods | Gross decreases – tax positions in prior periods | Gross increases – tax positions in the current period | Settlements with taxing authorities | Lapsing of statutes of limitations | Unrecognized tax benefits at end of year |"}
{"_id": "d825901a6", "title": "", "text": "| Refinery Utilization | 2008 | HOVENSA | Crude | Fluid catalytic cracker | Coker | Port Reading |"}
{"_id": "d899b640e", "title": "", "text": "Managements discussion and analysis 180 JPMorgan Chase & Co. /2012 Annual Report ?\nA 50 basis point deterioration in forecasted credit card loss rates could imply an increase to modeled annualized credit card loan loss estimates of approximately $800 million.  ?\nA one-notch downgrade in the Firms internal risk ratings for its entire wholesale loan portfolio could imply an increase in the Firms modeled loss estimates of approximately $2.1 billion.\nThe purpose of these sensitivity analyses is to provide an indication of the isolated impacts of hypothetical alternative assumptions on modeled loss estimates.\nThe changes in the inputs presented above are not intended to imply managements expectation of future deterioration of those risk factors.\nThese analyses are not intended to estimate changes in the overall allowance for loan losses, which would also be influenced by the judgment management applies to the modeled loss estimates to reflect the uncertainty and imprecision of these modeled loss estimates based on then current circumstances and conditions.\nIt is difficult to estimate how potential changes in specific factors might affect the allowance for credit losses because management considers a variety of factors and inputs in estimating the allowance for credit losses.\nChanges in these factors and inputs may not occur at the same rate and may not be consistent across all geographies or product types, and changes in factors may be directionally inconsistent, such that improvement in one factor may offset deterioration in other factors.\nIn addition, it is difficult to predict how changes in specific economic conditions or assumptions could affect borrower behavior or other factors considered by management in estimating the allowance for credit losses.\nGiven the process the Firm follows in evaluating the risk factors related to its loans, including risk ratings, home price assumptions, and credit card loss estimates, management believes that its current estimate of the allowance for credit loss is appropriate.\nFair value of financial instruments, MSRs and commodities inventory JPMorgan Chase carries a portion of its assets and liabilities at fair value.\nThe majority of such assets and liabilities are measured at fair value on a recurring basis.\nCertain assets and liabilities are measured at fair value on a nonrecurring basis, including certain mortgage, home equity and other loans, where the carrying value is based on the fair value of the underlying collateral.\nAssets measured at fair value The following table includes the Firms assets measured at fair value and the portion of such assets that are classified within level 3 of the valuation hierarchy.\nFor further information, see Note 3 on pages 196214 of this Annual Report."}
{"_id": "d89337cfe", "title": "", "text": "Electric Supply The electricity O&R sold to its customers in 2013 was purchased under firm power contracts or through the wholesale electricity markets administered by the NYISO and PJM.\nThe company expects that these resources will again be adequate to meet the requirements of its customers in 2014.\nO&R does not own any electric generating capacity."}
{"_id": "d8f5d59d8", "title": "", "text": "| Immediate change in rates | December 31, (in millions) | 2010 | 2009 |"}
{"_id": "d824fcf78", "title": "", "text": "| Year Ended December 2018 Year Ended December 2017 | $ in millions | Changes in the allowance for credit losses | Beginning balance | Net charge-offs | Provision | Other | Ending balance | Allowance for losses by impairment methodology | Specific | Portfolio | PCI | Total |"}
{"_id": "d8caf35e4", "title": "", "text": "| Jurisdiction Gross Loss Carryforward Expiration Period | U.S. State Net Operating Loss | U.S. Federal Capital Loss | Foreign Net Operating Loss | Foreign Capital Loss |"}
{"_id": "d8db94826", "title": "", "text": "increased revenue.\nThese increases were offset by cost reductions and $22 million in CRT settlement legal fees incurred in the first quarter of fiscal 2017 that did not recur in fiscal 2018.\nOur Domestic segment incurred $9 million of restructuring charges in fiscal 2018 and $31 million of restructuring charges in fiscal 2017.\nThe restructuring charges in fiscal 2018 related to the Best Buy Mobile plan that began in the fourth quarter of fiscal 2018, whereas the charges in fiscal 2017 related primarily to the Renew Blue Phase 2 plan that began in the first quarter of fiscal 2017.\nRefer to Note 4, Restructuring Charges, of the Notes to Consolidated Financial Statements, included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K for further information about our restructuring activities.\nOur Domestic segment’s operating income decreased $12 million in fiscal 2018 compared to fiscal 2017.\nIn addition, the operating income rate decreased to 4.5% of revenue in fiscal 2018 compared to 4.9% of revenue in the prior year.\nThe decrease was primarily driven by the gross profit rate decline and increase in SG&A described above.\nFiscal 2017 Results Compared With Fiscal 2016 Domestic segment revenue of $36.2 billion in fiscal 2017 decreased 0.3% compared to the prior year.\nThe components of the 0.3% revenue decrease in the Domestic segment in fiscal 2017 were as follows:"}
{"_id": "d8afbde0a", "title": "", "text": "COMMODITY PRICE RISK We purchase raw material commodities such as cobalt chrome, titanium, tantalum, polymer and sterile packaging.\nWe enter into supply contracts generally with terms of 12 to 24 months, where available, on these commodities to alleviate the effect of market fluctuation in prices.\nAs part of our risk management program, we perform sensitivity analyses related to potential commodity price changes.\nA 10 percent price change across all these commodities would not have a material effect on our consolidated financial position, results of operations or cash flows."}
{"_id": "d85173836", "title": "", "text": "Information and user access fees consist of information services fees and monthly user fees.\nWe charge information services fees for Corporate BondTicker to our broker-dealer clients, institutional investor clients and data only subscribers.\nThe information services fee is a flat monthly fee, based on the level of service.\nWe also generate information services fees from the sale of bulk data to certain institutional investor clients and data only subscribers.\nInstitutional investor clients trading U. S.  high-grade corporate bonds are charged a monthly user access fee for the use of our platform.\nThe fee, billed quarterly, is charged to the client based on the number of the client’s users.\nTo encourage institutional investor clients to execute trades on our U. S.  high-grade corporate bond platform, we reduce these information and user access fees for such clients once minimum quarterly trading volumes are attained.\nRevenues Our revenues for the years ended December 31, 2004 and 2003, and the resulting dollar and percentage change, are as follows:"}
{"_id": "d87f0c36a", "title": "", "text": "| In millions of dollars at December 31, 2015 Duewithin1 year Over 1yearbutwithin5 years Over 5years Total | Corporate loan | In U.S. offices | Commercial and industrial loans | Financial institutions | Mortgage and real estate | Lease financing | Installment, revolving credit, other | In offices outside the U.S. | Total corporate loans | Fixed/variablepricing of corporateloans withmaturities due afterone year-1 | Loans at fixedinterest rates | Loans at floating oradjustable interestrates | Total |"}
{"_id": "d8c7084de", "title": "", "text": "| December 31 | 2009 | (In thousands) | Commitments to extend credit | Home equity lines of credit | Commercial real estate loans to be sold | Other commercial real estate and construction | Residential real estate loans to be sold | Other residential real estate | Commercial and other | Standby letters of credit | Commercial letters of credit | Financial guarantees and indemnification contracts | Commitments to sell real estate loans |"}
{"_id": "d873fec2a", "title": "", "text": "| Fair Value Measurements Using: | Quoted Price in Active Markets (Level 1) | (In millions) | December 31, 2013 | Equity securities: | U.K. quoted equities-1 | Overseas quoted equities-2 | Total equity securities | Debt securities: | U.K. Government bonds-3 | U.K. corporate bonds-4 | Total debt securities | Cash | Fair value of plan assets | December 31, 2012 | Equity securities: | U.K. quoted equities-1 | Overseas quoted equities-2 | Total equity securities | Debt securities: | U.K. Government bonds-3 | U.K. corporate bonds-4 | Total debt securities | Cash | Fair value of plan assets |"}
{"_id": "d88a712aa", "title": "", "text": "| As of December 31, | (in millions, except ratio data) | BALANCE SHEET DATA: | Total assets | Loans held for sale, at fair value | Other loans held for sale | Loans and leases | Allowance for loan and lease losses | Total securities | Goodwill | Total liabilities | Total deposits-6 | Federal funds purchased and securities sold under agreements to repurchase | Other short-term borrowed funds | Long-term borrowed funds | Total stockholders’ equity | OTHER BALANCE SHEET DATA: | Asset Quality Ratios: | Allowance for loan and lease losses as a % of total loans and leases | Allowance for loan and lease losses as a % of nonperforming loans and leases | Nonperforming loans and leases as a % of total loans and leases | Capital Ratios:-7 | CET1 capital ratio-8 | Tier 1 capital ratio-9 | Total capital ratio-10 | Tier 1 leverage ratio-11 |"}
{"_id": "d89b097c0", "title": "", "text": "| Counterparty Credit Valuation Adjustment on Assets AIG’s Own Credit Valuation Adjustment on Liabilities | Trading securities | Loans and other assets | Derivative assets | Other liabilities | Derivative liabilities* | Decrease in assets | Net pre-tax decrease to other income |"}
{"_id": "d862c3e88", "title": "", "text": "| Twelve Months Ended December 31, Change | 2018 vs. 2017 | Operating Expenses | (In millions) | Consolidated cost of services | Consolidated selling, general and administrative expenses | Consolidated depreciation and amortization expense | Consolidated operating expenses |"}
{"_id": "d89883302", "title": "", "text": "| Cash $4,082 | Customer-related intangible assets | Acquired technology | Trade name | Other intangible assets | Other assets | Liabilities | Deferred income tax liabilities | Total identifiable net assets | Goodwill | Noncontrolling interest | Total purchase consideration |"}
{"_id": "d887b730c", "title": "", "text": "| Reporting Segment Fiscal 2008 Gross Profit Fiscal 2007 Gross Profit % Increase/ (Decrease) | Consumer Foods | Food and Ingredients | International Foods | Total |"}
{"_id": "d89fc2e1a", "title": "", "text": "Reinsurance recoverables at December 31, are as follows:"}
{"_id": "d8740ba10", "title": "", "text": "| At September 30, | Balance Sheet Data: | (in millions, except per share data) | Total assets | Current portion of long-term debt | Current portion of accrued litigation | Long-term debt | Long-term accrued litigation | Total equity | Dividend declared and paid per common share |"}
{"_id": "d86ca15fe", "title": "", "text": "shares were transferred to our corporate operations during the first quarter of 2006.\nSubsequent to this transfer, changes in market value of the transferred shares are reflected within Corporate and Other results.2005 to 2004 Annual Comparison.\nAdjusted operating income decreased $10 million, from a loss of $245 million in 2004 to a loss of $255 million in 2005.\nThe segments results for 2005 include our share of earnings from Wachovia Securities, on a pre-tax basis and excluding transition costs, of $217 million, compared to $172 million in 2004.\nThe segments results also include expenses of $452 million in 2005 related to obligations and costs we retained in connection with the contributed businesses primarily for litigation and regulatory matters, compared to $227 million in 2004.\nThese expenses included accruals for estimated settlement costs related to market timing issues.\nOur results for 2005 reflect a decrease of $174 million in transition costs, from $194 million in 2004 to $20 million in 2005, reflecting the completion of the business integration during the first half of 2005.\nIn addition, results include income of zero and $4 million from our equity sales and trading operations for 2005 and 2004, respectively."}
{"_id": "d8adec39c", "title": "", "text": "1 Includes tax expense of $265 million (or 1.9 percent), primarily related to deferred tax expense on certain current year undistributed foreign earnings that are not considered indefinitely reinvested and amounts required to be recorded for changes to our uncertain tax positions, including interest and penalties.2 Includes an approximate 0.1 percent impact to our effective tax rate related to charges recorded by our equity method investees.\nRefer to Note 17.3 Includes a tax benefit of $34 million related to the remeasurement of our equity investment in CCE to fair value upon our acquisition of CCEs North American business.\nThe tax benefit reflects the impact of reversing deferred tax liabilities associated with our equity investment in CCE prior to the acquisition.\nRefer to Note 2.4 Includes an approximate 37 percent effective tax rate on charges related to preexisting relationships with CCE.\nRefer to Note 2.5 Includes an approximate 0.4 percent impact to our effective tax rate related to the sale of our Norwegian and Swedish bottling operations.\nRefer to Note 2.6 Includes an approximate 0.5 percent impact to our effective tax rate, primarily related to the Companys productivity, integration and restructuring initiatives, transaction costs and charitable contributions.\nRefer to Note 17.7 Includes an approximate 0.5 percent impact to our effective tax rate on charges related to the repurchase of certain long-term debt and costs associated with the settlement of treasury rate locks issued in connection with the debt tender offer, the loss related to the remeasurement of our Venezuelan subsidiarys net assets, other-than-temporary impairment charges and a donation of preferred shares in one of our equity method investees.\nRefer to Note 17.8 Includes a $31 million (or 0.2 percent) tax expense related to amounts required to be recorded for changes to our uncertain tax positions, including interest and penalties, and other tax matters in certain domestic jurisdictions.9 Includes a $16 million (or 0.2 percent) tax benefit related to amounts required to be recorded for changes to our uncertain tax positions, including interest and penalties, in various international jurisdictions.10 Includes an approximate 0.1 percent impact to our effective tax rate related to charges recorded by our equity method investees.\nRefer to Note 17.11 Includes an approximate 0.6 percent impact to our effective tax rate related to restructuring charges and asset impairments.\nRefer to Note 17.12 Includes an approximate negative 0.2 percent impact to our effective tax rate related to the sale of all or a portion of certain investments.\nRefer to Note 3.13 Includes an approximate 0.1 percent impact to our effective tax rate related to an other-than-temporary impairment of a cost method investment.\nRefer to Note 17.14 Includes a $17 million (or 0.2 percent) tax charge related to amounts required to be recorded for changes to our uncertain tax positions, including interest and penalties, in various international jurisdictions.15 Includes an approximate 0.2 percent impact on our effective tax rate related to impairments of assets and investments in our bottling operations.\nRefer to Note 17.16 Includes a $10 million (or 0.1 percent) impact on our effective tax rate related to recording valuation allowances offsetting deferred tax assets booked in prior periods.17 Includes an approximate 2.7 percent impact to our effective tax rate related to charges recorded by our equity method investees.\nRefer to Note 17.18 Includes an approximate 0.7 percent impact to our effective tax rate related to restructuring charges, contract termination fees, productivity initiatives and asset impairments.\nRefer to Note 17.19 Includes a $22 million (or 0.3 percent) tax benefit related to amounts required to be recorded for changes to our uncertain tax positions, including interest and penalties, in certain domestic jurisdictions.20 Includes an approximate negative 0.2 percent impact to our effective tax rate related to the sale of all or a portion of our investments in certain bottling operations.\nRefer to Note 17."}
{"_id": "d81b7d86c", "title": "", "text": "| Defined benefit pension plans | U.S. | For the year ended December 31, (in millions) | Components of net periodic benefit cost | Benefits earned during the period | Interest cost on benefitobligations | Expected return on plan assets | Amortization of unrecognizedamounts: | Prior service cost | Net actuarial loss | Curtailment (gain) loss | Settlement (gain) loss | Special termination benefits | Reported net periodic benefit costs |"}
{"_id": "d8ab28c3c", "title": "", "text": "| December 31, 2017 | AmortizedCost | (in millions) | Fixed maturities, available-for-sale: | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds | U.S. corporate public securities | U.S. corporate private securities-1 | Foreign corporate public securities | Foreign corporate private securities | Asset-backed securities-2 | Commercial mortgage-backed securities | Residential mortgage-backed securities-3 | Total fixed maturities, available-for-sale-1 |"}
{"_id": "d8e4da75a", "title": "", "text": "| December 31, | 2007 | Total | Facility | Committed | Credit Agreement | Uncommitted | Non-U.S |"}
{"_id": "d87e7deee", "title": "", "text": "clients’ brokerage accounts.\nWe generally record revenues received from administered assets as distribution fees.\nWe do not exercise management discretion over these assets and do not earn a management fee.\nThese assets are not reported on our Consolidated Balance Sheets.\nAUA also includes certain assets on our Consolidated Balance Sheets for which we do not provide investment management services and do not recognize management fees, such as investments in non-affiliated funds held in the separate accounts of our life insurance subsidiaries.\nThese assets do not include assets under advisement, for which we provide model portfolios but do not have full discretionary investment authority.\nThe following table presents detail regarding our AUM and AUA:"}
{"_id": "d89aed4ee", "title": "", "text": "Gains and losses on derivatives related to market-making activities and other derivatives The Firm makes markets in derivatives in order to meet the needs of customers and uses derivatives to manage certain risks associated with net open risk positions from its market-making activities, including the counterparty credit risk arising from derivative receivables.\nAll derivatives not included in the hedge accounting or specified risk management categories above are included in this category.\nGains and losses on these derivatives are primarily recorded in principal transactions revenue.\nRefer to Note 6 for information on principal transactions revenue.\nCredit derivatives Credit derivatives are financial instruments whose value is derived from the credit risk associated with the debt of a third-party issuer (the reference entity) and which allow one party (the protection purchaser) to transfer that risk to another party (the protection seller).\nCredit derivatives expose the protection purchaser to the creditworthiness of the protection seller, as the protection seller is required to make payments under the contract when the reference entity experiences a credit event, such as a bankruptcy, a failure to pay its obligation or a restructuring.\nThe seller of credit protection receives a premium for providing protection but has the risk that the underlying instrument referenced in the contract will be subject to a credit event.\nThe Firm is both a purchaser and seller of protection in the credit derivatives market and uses these derivatives for two primary purposes.\nFirst, in its capacity as a market-maker, the Firm actively manages a portfolio of credit derivatives by purchasing and selling credit protection, predominantly on corporate debt obligations, to meet the needs of customers.\nSecond, as an end-user, the Firm uses credit derivatives to manage credit risk associated with lending exposures (loans and unfunded commitments) and derivatives counterparty exposures in the Firms wholesale businesses, and to manage the credit risk arising from certain financial instruments in the Firms market-making businesses.\nFollowing is a summary of various types of credit derivatives."}
{"_id": "d8a120898", "title": "", "text": "| Amount (In Thousands) | Senior Secured Transition Bonds, Series A: | Tranche A-1 -5.51% due October 2013 | Tranche A-2 -5.79% due October 2018 | Tranche A-3 -5.93% due June 2022 | Total senior secured transition bonds |"}
{"_id": "d89a25642", "title": "", "text": "| Options Weighted Average Exercise Price Weighted Average Contractual Term (Years) Aggregate Intrinsic Value (in millions) | Outstanding as of January 1, 2004 | Granted | Exercised | Cancelled | Outstanding as of December 31, 2004 | Granted | Options assumed in merger with SpectraSite, Inc. | Exercised | Cancelled | Outstanding as of December 31, 2005 | Granted | Exercised | Cancelled | Outstanding as of December 31, 2006 | Exercisable as of December 31, 2004 | Exercisable as of December 31, 2005 | Exercisable as of December 31, 2006 | Vested or expected to vest as of December 31, 2006 |"}
{"_id": "d8f3d39d2", "title": "", "text": "| 2011 $257,971 | 2012 | 2013 | 2014 | 2015 | Thereafter | Total |"}
{"_id": "d813b8ffa", "title": "", "text": "| December 31, 2009 Carrying Amounts Estimated Fair Value 2008 Carrying Amounts Estimated Fair Value | Marketable Securities | Notes Payable | Mortgages Payable | Construction Payable | Mandatorily Redeemable Noncontrolling Interests(termination dates ranging from 2019 – 2027) |"}
{"_id": "d8f5e014e", "title": "", "text": "| 2012 2011 2010 | (In thousands) | Stock options | Restricted stock | ESPP | Total stock-based compensation expense | Income tax benefit |"}
{"_id": "d88ea2554", "title": "", "text": "Oil and Gas Prices We expect our 2011 average prices for the oil and gas production from each of our operating areas to differ from the NYMEX price as set forth in the following table.\nThe expected ranges for prices are exclusive of the anticipated effects of the financial contracts presented in the Commodity Price Risk Management section below.\nThe NYMEX price for oil is determined using the monthly average of settled prices on each trading day for benchmark West Texas Intermediate crude oil delivered at Cushing, Oklahoma.\nThe NYMEX price for gas is determined using the first-of-month South Louisiana Henry Hub price index as published monthly in Inside FERC."}
{"_id": "d88f877f8", "title": "", "text": "| Year Ended December | $ in millions | Compensation and benefits | Brokerage, clearing, exchangeand distribution fees | Market development | Communications and technology | Depreciation and amortization | Occupancy | Professional fees | Other expenses | Totalnon-compensationexpenses | Total operating expenses | Total staff atperiod-end |"}
{"_id": "d8a82362c", "title": "", "text": "| At December 31,(in millions) 2012 2011 | Rating: | AAA | AA | A | BBB | Below investment grade | Total |"}
{"_id": "d87940364", "title": "", "text": "| Cash FlowsMillions 2012 2011 2010 | Cash provided by operating activities | Cash used in investing activities | Cash used in financing activities | Net change in cash and cashequivalents |"}
{"_id": "d812184de", "title": "", "text": "Table of Contents NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES, INC.  the asset.\nProjected cash flows are discounted at a required market rate of return that reflects the relative risk of achieving the cash flows and the time value of money.\nThe cost approach, which estimates value by determining the current cost of replacing an asset with another of equivalent economic utility, was used, as appropriate, for certain assets for which the market and income approaches could not be applied due to the nature of the asset.\nThe cost to replace a given asset reflects the estimated reproduction or replacement cost for the asset, less an allowance for loss in value due to depreciation.\nThe fair value of US Airways’ Dividend Miles loyalty program liability was determined based on the weighted average equivalent ticket value of outstanding miles which were expected to be redeemed for future travel at December 9, 2013.\nThe weighted average equivalent ticket value contemplates differing classes of service, domestic and international itineraries and the carrier providing the award travel.\nPro-forma Impact of the Merger American’s unaudited pro-forma results presented below include the effects of the Merger as if it had been consummated as of January 1, 2012.\nThe pro- forma results include the depreciation and amortization associated with the acquired tangible and intangible assets, lease and debt fair value adjustments, the elimination of any deferred gains or losses, adjustments relating to reflecting the fair value of the loyalty program liability and the impact of income changes on profit sharing expense, among others.\nIn addition, the pro-forma results below reflect the impact of higher wage rates related to memorandums of understanding with US Airways’ pilots that became effective upon closing of the Merger, as well as the elimination of American’s reorganization items, net and Merger transition costs.\nHowever, the pro-forma results do not include any anticipated synergies or other expected benefits of the Merger.\nAccordingly, the unaudited pro-forma financial information below is not necessarily indicative of either future results of operations or results that might have been achieved had the acquisition been consummated as of January 1, 2012."}
{"_id": "d8e2dc7aa", "title": "", "text": "RECOURSE AND REPURCHASE OBLIGATIONS As discussed in Note 3 Loan Sale and Servicing Activities and Variable Interest Entities in the Notes To Consolidated Financial Statements in Item 8 of this Report, PNC has sold commercial mortgage and residential mortgage loans directly or indirectly in securitizations and whole-loan sale transactions with continuing involvement.\nOne form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets in these transactions.\nCommercial Mortgage Loan Recourse Obligations We originate, close, and service certain multi-family commercial mortgage loans which are sold to FNMA under FNMAs Delegated Underwriting and Servicing (DUS) program.\nWe participated in a similar program with the FHLMC.\nUnder these programs, we generally assume up to a one-third pari passu risk of loss on unpaid principal balances through a loss share arrangement.\nAt December 31, 2011 and December 31, 2010, the unpaid principal balance outstanding of loans sold as a participant in these programs was $13.0 billion and $13.2 billion, respectively.\nThe potential maximum exposure under the loss share arrangements was $4.0 billion at both December 31, 2011 and December 31, 2010.\nWe maintain a reserve for estimated losses based on our exposure.\nThe reserve for losses under these programs totaled $47 million and $54 million as of December 31, 2011 and December 31, 2010, respectively, and is included in Other liabilities on our Consolidated Balance Sheet.\nIf payment is required under these programs, we would not have a contractual interest in the collateral underlying the mortgage loans on which losses occurred, although the value of the collateral is taken into account in determining our share of such losses.\nOur exposure and activity associated with these recourse obligations are reported in the Corporate & Institutional Banking segment.\nResidential Mortgage Loan and Home Equity Repurchase Obligations While residential mortgage loans are sold on a non-recourse basis, we assume certain loan repurchase obligations associated with mortgage loans we have sold to investors.\nThese loan repurchase obligations primarily relate to situations where PNC is alleged to have breached certain origination covenants and representations and warranties made to purchasers of the loans in the respective purchase and sale agreements.\nResidential mortgage loans covered by these loan repurchase obligations include first and second-lien mortgage loans we have sold through Agency securitizations, Non-Agency securitizations, and whole-loan sale transactions.\nAs discussed in Note 3 in the Notes To Consolidated Financial Statements in Item 8 of this Report, Agency securitizations consist of mortgage loans sale transactions with FNMA, FHLMC, and the Government National Mortgage Association (GNMA) program, while Non-Agency securitizations and whole-loan sale transactions consist of mortgage loans sale transactions with private investors.\nOur historical exposure and activity associated with Agency securitization repurchase obligations has primarily been related to transactions with FNMA and FHLMC, as indemnification and repurchase losses associated with Federal Housing Agency (FHA) and Department of Veterans Affairs (VA)-insured and uninsured loans pooled in GNMA securitizations historically have been minimal.\nRepurchase obligation activity associated with residential mortgages is reported in the Residential Mortgage Banking segment.\nPNCs repurchase obligations also include certain brokered home equity loans/lines that were sold to a limited number of private investors in the financial services industry by National City prior to our acquisition.\nPNC is no longer engaged in the brokered home equity lending business, and our exposure under these loan repurchase obligations is limited to repurchases of the whole-loans sold in these transactions.\nRepurchase activity associated with brokered home equity lines/loans are reported in the Non-Strategic Assets Portfolio segment.\nLoan covenants and representations and warranties are established through loan sale agreements with various investors to provide assurance that PNC has sold loans to"}
{"_id": "d8187d63a", "title": "", "text": "| Years Ended December 31, | 2013 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d87b80228", "title": "", "text": "| Balance at June 1, 2007 $3,760 | Additions based on tax positions related to the current year | Additions for tax positions of prior years | Reductions for tax positions of prior years | Settlements with taxing authorities | Balance at May 31, 2008 |"}
{"_id": "d8beb8a90", "title": "", "text": "| 2010 2009 2008 | Volatility | Risk-free interest rate | Dividend yield | Post-vest forfeiture rate | Suboptimal exercise factor |"}
{"_id": "d8151169a", "title": "", "text": "| ($ in millions) 2005 2004 | Land | Buildings and leasehold improvements | Furniture and equipment | Timeshare properties | Construction in progress | 3,126 | Accumulated depreciation | $2,341 |"}
{"_id": "d843a7b1c", "title": "", "text": "(a) Effective January 1, 2001, CNA established a new life insurance company, CNA Group Life Assurance Company (CNAGLA).\nFurther, on January 1, 2001, $1.1 billion of reserves were transferred from CCC to CNAGLA.\n(b) Effective October 31, 2002, CNA sold CNA Reinsurance Company Limited.\nAs a result of the sale, net reserves were reduced by $1.3 billion.\n(c) Effective January 1, 2010, CNA ceded approximately $1.5 billion of net asbestos and environmental pollution (A&EP) claim and allocated claim adjustment expense reserves relating to its continuing operations under a retroactive reinsurance agreement with an aggregate limit of $4.0 billion, as further discussed in Note 9 of the Notes to Consolidated Financial Statements included under Item 8.\nPART IVItem 15.\nExhibits, Financial Statement Schedules(1) Financial StatementsOur Consolidated Financial Statements have been prepared in accordance with Item 8.\nFinancial Statements and Supplementary Data and are included beginning on page F-1 of this report.\n(2) Financial Statement SchedulesSchedule II: Valuation and Qualifying Accounts for the three years ended December 31, 2018 are included on page 61."}
{"_id": "d8b57cdd2", "title": "", "text": "ALM/Other We migrate qualifying affluent customers, and their related deposit balances and associated Net Interest Income from the Global Consumer and Small Business Banking segment to our PB&I customer service model.\nIn order to provide a view of organic growth in PB&I, we allocate the original migrated deposit balances, including attrition, as well as the corresponding Net Interest Income at original spreads from PB&I to ALM/Other.\nNet Income decreased $88 million, or 13 percent, primarily due to a decrease in Net Interest Income partially offset by an increase in Noninterest Income.\nNet Interest Income decreased $156 million driven by a significant reduction from ALM activities, partially offset by higher Net Interest Income on deposits due to migration of certain banking relationships from Global Consumer and Small Business Banking.\nDuring 2006 and 2005, $10.7 billion and $16.9 billion of average deposit balances were migrated from the Global Consumer and Small Business Banking segment to Global Wealth and Investment Management.\nThe total cumulative average impact of migrated balances was $48.5 billion in 2006 compared to $39.3 billion for 2005.\nNoninterest Income increased $101 million primarily reflecting nonrecurring items in 2006."}
{"_id": "d8a7305a8", "title": "", "text": "| Principal Properties Leased: Primary Use Floor Space LeaseExpiration(fiscal year) Renewals | Bedford, MA (c) | Danbury, CT | Danbury, CT | Marlborough, MA | Marlborough, MA | Methuen, MA | Alajuela, Costa Rica | Manchester, England | Westford, MA | Westford, MA | Hicksville, NY |"}
{"_id": "d81e6863a", "title": "", "text": "| Project Name Project Type Date Location Impairment (in millions) | Ede Este -1 | Wolf Hollow | Granite Ridge | Colombia I | Zeg | Bujagali | El Faro |"}
{"_id": "d8186c024", "title": "", "text": "| Fiscal 2009  Total Stores at End of Fiscal Year Fiscal 2010 Fiscal 2011 | Stores Opened | Best Buy Europe — small box-1 | Best Buy Europe — big box-2 | Canada | Future Shop | Best Buy | Best Buy Mobile | China | Five Star | Best Buy-3 | Mexico | Best Buy | Turkey | Best Buy-3 | Total International segment stores |"}
{"_id": "d8bd4baa4", "title": "", "text": "| July 31, | (In thousands) | Deferred tax assets: | Accruals and reserves not currently deductible | Accrued and deferred compensation | Loss and tax credit carryforwards | Intangible assets | Property and equipment | Share-based compensation | Other, net | Total deferred tax assets | Deferred tax liabilities: | Other, net | Total deferred tax liabilities | Total net deferred tax assets | Valuation allowance | Total net deferred tax assets, net of valuation allowance |"}
{"_id": "d86b96fce", "title": "", "text": "| % Change in Sales — 2010 vs 2009 | Fine & Beauty Care | North America | EAME | Local Currency | Latin America | Local Currency | Greater Asia | Local Currency | Total | Local Currency |"}
{"_id": "d80f34d62", "title": "", "text": "| December 31, 2008 | Aaa | Cost or | Amortized | Cost | (In millions) | 2003 & Prior | 2004 | 2005 | 2006 | 2007 | 2008 | Total |"}
{"_id": "d8c975a6e", "title": "", "text": "| In millions 2018 2017 2016 | Net Sales | Operating Profit (Loss) | Riverdale mill conversion | Abandoned property removal | Operating Profit Before Special Items |"}
{"_id": "d89ac63d0", "title": "", "text": "| (in days) December 31, | 2014 | Days of sales outstanding (DSO)(1) | Days of supply in inventory (DIO)(2) | Days of purchases outstanding (DPO)(3) | Cash conversion cycle |"}
{"_id": "d884a14d8", "title": "", "text": "Nonqualified and Other Pension Plans\nn/a = not applicable The asset valuation method used to calculate the expected return on plan assets component of net period benefit cost for the Qualified Pension Plan recognizes 60 percent of the prior years market gains or losses at the next measurement date with the remaining 40 percent spread equally over the subsequent four years.\nNet periodic postretirement health and life expense was determined using the projected unit credit actuarial method.\nGains and losses for all benefit plans except postretirement health care are recognized in accordance with the standard amortization provisions of the applicable accounting guidance.\nFor the Postretirement Health Care Plans, 50 percent of the unrecognized gain or loss at the beginning of the fiscal year (or at subsequent remeasurement) is recognized on a level basis during the year.\nAssumed health care cost trend rates affect the postretirement benefit obligation and benefit cost reported for the Postretirement Health and Life Plans.\nThe assumed health care cost trend rate used to measure the expected cost of benefits covered by the Postretirement Health and Life Plans is 7.00 percent for 2016, reducing in steps to 5.00 percent in 2021 and later years.\nA onepercentage-point increase in assumed health care cost trend rates would have increased the service and interest costs, and the benefit obligation by $2 million and $34 million in 2015.\nA onepercentage-point decrease in assumed health care cost trend rates would have lowered the service and interest costs, and the benefit obligation by $2 million and $29 million in 2015.\nThe Corporations net periodic benefit cost (income) recognized for the plans is sensitive to the discount rate and expected return"}
{"_id": "d86f84a50", "title": "", "text": "| Year ended December 31, | (Dollar amounts in millions) | Balance at January 1 | Additions for tax positions of prior years | Reductions for tax positions of prior years | Additions based on tax positions related to current year | Lapse of statute of limitations | Settlements | Foreign exchange translation | Positions assumed in BGI Transaction | Balance at December 31 | AUM | (in millions) | Retail | iShares | Institutional: | Active | Index | Institutional subtotal | Long-term | Cash management | Advisory-2 | Total | AUM | (in millions) | Equity | Fixed income | Multi-asset | Alternatives | Core | Currency and commodities-3 | Subtotal | Long-term | Cash management | Advisory-2 | Total |"}
{"_id": "d8a713fd4", "title": "", "text": "| Significant Unobservable Input Unobservable Inputs (Minimum) Unobservable Inputs (Maximum) Impact of Increase in Inputon Fair Value Measurement [1] | Withdrawal Utilization[2] | Withdrawal Rates [2] | Lapse Rates [3] | Reset Elections [4] | Equity Volatility [5] |"}
{"_id": "d8a63548c", "title": "", "text": "| December 31, 2018 December 31, 2017 | ($ in millions) | Ingalls | Newport News | Technical Solutions | Total backlog |"}
{"_id": "d8646ece2", "title": "", "text": "| Fiscal Years Ended | March 29, 2008 | (millions) | Operating Income: | Wholesale | Retail | Licensing | 866.3 | Less: | Unallocated corporate expenses | Unallocated legal and restructuring charges | Total operating income |"}
{"_id": "d8eed0728", "title": "", "text": "In addition, we had $443 million and $502 million of purchased research and development intangible assets as of December 31, 2012 and December 31, 2011, respectively.\nGoodwill as of December 31, 2012 as allocated to our U. S. , EMEA, Japan, and Inter-Continental reportable segments for purposes of our goodwill impairment testing is presented below.\nOur U. S.  goodwill is further allocated to our U. S.  reporting units for our goodwill testing.\nThe following is a rollforward of our goodwill balance by reportable segment:"}
{"_id": "d8f8aa8e8", "title": "", "text": "| Year Ended December 31, 2006 | Mobile Devices | Home and Networks Mobility | Enterprise Mobility Solutions | 206 | General Corporate | $213 |"}
{"_id": "d8e6256a0", "title": "", "text": "| QualifiedPension NonqualifiedPension PostretirementBenefits | December 31 (Measurement Date) – in millions | Accumulated benefit obligation at end of year | Projected benefit obligation at beginning of year | Service cost | Interest cost | Amendments | Actuarial (gains)/losses and changes in assumptions | Participant contributions | Federal Medicare subsidy on benefits paid | Benefits paid | Projected benefit obligation at end of year | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contribution | Participant contributions | Federal Medicare subsidy on benefits paid | Benefits paid | Fair value of plan assets at end of year | Funded status | Amounts recognized on the consolidated balance sheet | Noncurrent asset | Current liability | Noncurrent liability | Net amount recognized on the consolidated balance sheet | Amounts recognized in AOCI consist of: | Prior service cost (credit) | Net actuarial loss (gain) | Amount recognized in AOCI |"}
{"_id": "d86b15e88", "title": "", "text": "| Useful Life December 31, 2004 December 31, 2003 | Transmission and distribution plant | Buildings and building improvements | Land | Other | Property and equipment, at cost | Less: accumulated depreciation | Property and equipment, net | (in millions) | Balance, January 1 | Additions based on tax positions related to the current year | Additions based on tax positions related to prior years | Additions from acquired subsidiaries | Reductions for tax positions of prior years | Reductions due to expiration of statutes of limitations | Settlements with tax authorities | Balance, December 31 | (in millions, except per share data) | 2015 | Revenue | Operating income | Net income attributable to Comcast Corporation | Basic earnings per common share attributable to Comcast Corporation shareholders | Diluted earnings per common share attributable to Comcast Corporation shareholders | Dividends declared per common share | 2014 | Revenue | Operating income | Net income attributable to Comcast Corporation(a) | Basic earnings per common share attributable to Comcast Corporation shareholders | Diluted earnings per common share attributable to Comcast Corporation shareholders | Dividends declared per common share | Year ended December 31 (in millions) | Operating income | Depreciation and amortization | Operating income before depreciation and amortization | Noncash share-based compensation | Termination of receivables monetization programs | Changes in operating assets and liabilities | Cash basis operating income | Payments of interest | Payments of income taxes | Proceeds from investments and other | Excess tax benefits under share-based compensation | Net cash provided by operating activities |"}
{"_id": "d8b083b14", "title": "", "text": "| Company Index December 31, 2011 December 31, 2012 December 31, 2013 December 31, 2014 December 31, 2015 December 31, 2016 | Delphi Automotive PLC -1 | S&P 500 -2 | Automotive Supplier Peer Group -3 |"}
{"_id": "d877f3632", "title": "", "text": "After reviewing earnings per share and operating cash flow results against the performance objectives in the above table, the Personnel Committee set the Entergy Achievement Multiplier at 140% of target.\nUnder the terms of the Executive Incentive Plan, the Entergy Achievement Multiplier is automatically increased by 25 percent for the members of the Office of the Chief Executive (including Mr.  Denault and Mr.  Smith, but not the other Named Executive Officers), subject to the Personnel Committee's discretion to adjust the automatic multiplier downward or eliminate it altogether.\nIn accordance with Section 162(m) of the Internal Revenue Code, the multiplier which Entergy refers to as the Management Effectiveness Factor is intended to provide the Committee, through the exercise of negative discretion, a mechanism to take into consideration the specific achievement factors relating to the overall performance of Entergy Corporation.\nIn January 2009, the Committee exercised its negative discretion to eliminate the Management Effectiveness Factor, reflecting the Personnel Committee's determination that the Entergy Achievement Multiplier, in and of itself without the Management Effectiveness Factor, was consistent with the performance levels achieved by management.\nThe annual incentive award for the Named Executive Officers (other than Mr.  Leonard, Mr.  Denault and Mr.  Smith) is awarded from an incentive pool approved by the Committee.\nFrom this pool, each named executive officer's supervisor determines the annual incentive payment based on the Entergy Achievement Multiplier.\nThe supervisor has the discretion to increase or decrease the multiple used to determine an incentive award based on individual and business unit performance.\nThe incentive awards are subject to the ultimate approval of Entergy's Chief Executive Officer."}
{"_id": "d812a0e06", "title": "", "text": "fund’s third-party administrator based upon the valuation of the underlying securities and instruments and primarily by applying a market or income valuation methodology as appropriate depending on the specific type of security or instrument held.\nFunds-of-funds are valued based upon the net asset values of the underlying investments in hedge funds.\nPrivate equity consists of interests in partnerships that invest in U. S.  and non-U.\nS.  debt and equity securities.\nPartnership interests are valued using the most recent general partner statement of fair value, updated for any subsequent partnership interest cash flows.\nReal estate includes commercial properties, land and timberland, and generally includes, but is not limited to, retail, office, industrial, multifamily and hotel properties.\nReal estate fund values are primarily reported by the fund manager and are based on valuation of the underlying investments which include inputs such as cost, discounted cash flows, independent appraisals and market based comparable data.\nRisk Parity Funds are defined as engineered beta exposure to a wide range of asset classes and risk premia, including equity, interest rates, credit, and commodities.\nRisk parity funds seek to provide high risk-adjusted returns while providing a high level of diversification relative to a traditional equity/fixed income portfolio.\nThese funds seek to achieve this objective with the use of modest leverage applied to lower-risk, more diverse asset classes.\nInvestments in Risk parity funds are valued using monthly reported net asset values.\nAlso included in these funds are related derivative instruments which are generally employed as asset class substitutes for managing asset/liability mismatches, or bona fide hedging or other appropriate risk management purposes.\nDerivative instruments are generally valued by the investment managers or in certain instances by third-party pricing sources.\nThe fair value measurements using significant unobservable inputs (Level 3) at December 31, 2015 were as follows:"}
{"_id": "d8cb1d8f8", "title": "", "text": "| (dollars in 000s) | Banking Ratios | Year Ended April 30, | Net Interest Margin: | Net interest income-1 | Divided by average earning assets | 9.06% | Pretax Return on Average Assets: | Pretax income | Divided by average assets | -1.03% |"}
{"_id": "d8c05c158", "title": "", "text": "Entergy New Orleans, Inc.  Management's Financial Discussion and Analysis 346 (1) Includes approximately $30 million annually for maintenance capital, which is planned spending on routine capital projects that are necessary to support reliability of service, equipment or systems and to support normal customer growth.\n(2) Purchase obligations represent the minimum purchase obligation or cancellation charge for contractual obligations to purchase goods or services.\nFor Entergy New Orleans, almost all of the total consists of unconditional fuel and purchased power obligations, including its obligations under the Unit Power Sales Agreement, which is discussed in Note 8 to the financial statements.\nIn addition to the contractual obligations given above, Entergy New Orleans expects to make payments of approximately $113 million for the years 2009-2011 related to Hurricane Katrina and Hurricane Gustav restoration work and its gas rebuild project, of which $32 million is expected to be incurred in 2009.\nAlso, Entergy New Orleans expects to contribute $1.7 million to its pension plan and $5.9 million to its other postretirement plans in 2009.\nGuidance pursuant to the Pension Protection Act of 2006 rules, effective for the 2008 plan year and beyond, may affect the level of Entergy New Orleans' pension contributions in the future.\nAlso in addition to the contractual obligations, Entergy New Orleans has $26.1 million of unrecognized tax benefits and interest for which the timing of payments beyond 12 months cannot be reasonably estimated due to uncertainties in the timing of effective settlement of tax positions.\nSee Note 3 to the financial statements for additional information regarding unrecognized tax benefits.\nThe planned capital investment estimate for Entergy New Orleans reflects capital required to support existing business.\nThe estimated capital expenditures are subject to periodic review and modification and may vary based on the ongoing effects of regulatory constraints, environmental compliance, market volatility, economic trends, and the ability to access capital.\nManagement provides more information on long-term debt and preferred stock maturities in Notes 5 and 6 and to the financial statements.\nSources of Capital Entergy New Orleans' sources to meet its capital requirements include: x internally generated funds; x cash on hand; and x debt and preferred stock issuances.\nEntergy New Orleans' receivables from or (payables to) the money pool were as follows as of December 31 for each of the following years:"}
{"_id": "d811fbece", "title": "", "text": "| 2015 High Low | Quarter ended March 31 | Quarter ended June 30 | Quarter ended September 30 | Quarter ended December 31 | 2014 | Quarter ended March 31 | Quarter ended June 30 | Quarter ended September 30 | Quarter ended December 31 |"}
{"_id": "d8c4fa7f0", "title": "", "text": "| Three months ended | March 31 | (in millions, except per share amounts) | 2006 | Total revenues | Total benefits and expenses | Income from continuing operations before income taxes and equity in earnings of operating joint ventures | Income from continuing operations | Net income | Basic income from continuing operations per share—Common Stock-1 | Diluted income from continuing operations per share—Common Stock-1 | Basic net income per share—Common Stock-1 | Diluted net income per share—Common Stock-1 | Basic and diluted net income per share—Class B Stock | 2005 | Total revenues | Total benefits and expenses | Income from continuing operations before income taxes and equity in earnings of operating joint ventures | Income from continuing operations | Net income | Basic income from continuing operations per share—Common Stock-1 | Diluted income from continuing operations per share—Common Stock-1 | Basic net income per share—Common Stock-1 | Diluted net income per share—Common Stock-1 | Basic and diluted net income (loss) per share—Class B Stock |"}
{"_id": "d8b59448c", "title": "", "text": "Stock-Based Compensation Plans The Company has a stock incentive plan (the “1994 Plan”), which was amended and restated on December 8, 2004.\nIndividuals who are eligible to participate in the 1994 Plan include officers, other associates, outside directors and other key persons of the Company and its subsidiaries who are r esponsible for or contribute to the management, growth or profitability of the Company and its subsidiaries.\nThe 1994 Plan authorizes (i) the grant of stock options that qualify as incentive stock\n(5) We occupy approximately 350,000 square feet of the One North End Building.\n(6) This property is owned by Board of Trade Investment Company (BOTIC).\nKCBT maintains a 51% controlling interest in BOTIC.\nWe also lease other office space around the world and have also partnered with major global telecommunications carriers in connection with our telecommunications hubs whereby we place data cabinets within the carriers’ existing secured data centers.\nWe believe our facilities are adequate for our current operations and that additional space can be obtained if needed.\nITEM 3.\nLEGAL PROCEEDINGS See “Legal and Regulatory Matters” in Note 14.\nContingencies to the Consolidated Financial ITEM 4.\nMINE SAFETY DISCLOSURES Not applicable.\ncabinets within the carriers’ existing secured data centers.\nWe believe our facilities are adequate for our current operations and that additional space can be obtained if needed.\nStatements beginning on page 91 for CME Group’s legal proceedings disclosure which is incorporated herein by reference.\nPART II ITEM 5.\nMARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Class A Common Stock Our Class A common stock is currently listed on NASDAQ under the ticker symbol “CME.\n” As of February 13, 2013, there were approximately 3,106 holders of record of our Class A common stock.\nIn May 2012, the company’s board of directors declared a five-for-one split of its Class A common stock effected by way of a stock dividend to its Class A and Class B shareholders.\nThe stock split was effective July 20, 2012 for all shareholders of record on July 10, 2012.\nAs a result of the stock split, all amounts related to shares and per share amounts have been retroactively restated.\nThe following table sets forth the high and low sales prices per share of our Class A common stock on a quarterly basis, as reported on NASDAQ."}
{"_id": "d8f7cde66", "title": "", "text": "| Years Ended December 31, | Mt. Logan Re Segregated Accounts | (Dollars in thousands) | Ceded written premiums | Ceded earned premiums | Ceded losses and LAE | Assumed written premiums | Assumed earned premiums | Assumed losses and LAE |"}
{"_id": "d88bf53f6", "title": "", "text": "| December 31, | 2009 | Primary Underlying | Risk Exposure | (In millions) | Interest rate | Interest rate futures | Foreign currency | Currency options | Equity market | Equity options | Variance swaps | Total rate of return swaps | Total |"}
{"_id": "d8c161936", "title": "", "text": "| Year ended December 31, | (in millions) | Stock-based compensation: | Restricted stock and RSUs | Long-term incentive plans to be funded by PNC | Total stock-based compensation |"}
{"_id": "d87b59bc8", "title": "", "text": "| As of December 31, | 2010 | (In millions) | Cash and cash equivalents | Funds deposited by counterparties | Restricted cash | Total cash | Funded Letter of Credit Facility availability | Revolving Credit Facility availability | Total liquidity | Less: Funds deposited as collateral by hedge counterparties | Total liquidity, excluding collateral received | S&P | NRG Energy, Inc. | 8.25% Senior Notes, due 2020 | 8.5% Senior Notes due 2019 | 7.375% Senior Notes, due 2016, 2017 | 7.25% Senior Notes due 2014 | Term Loan Facility | Equivalent Net Sales Secured by First and Second Lien Structure(a) | In MW(b) | As a percentage of total eligible baseload capacity(c) |"}
{"_id": "d8c23f8da", "title": "", "text": "| 2016 2015 | In millions of dollars | Commercial paper | Other borrowings-1 | Total | Balances atDecember 31, | In millions of dollars | Citigroup Inc.-1 | Senior debt | Subordinated debt-2 | Trust preferredsecurities | Bank-3 | Senior debt | Broker-dealer-4 | Senior debt | Subordinated debt-2 | Total | Senior debt | Subordinated debt-2 | Trust preferredsecurities | Total |"}
{"_id": "d8ad0b356", "title": "", "text": "Legal The Company currently processes card transactions for Air Canada, the single largest airline in Canada.\nRevenue from this relationship represents less than 1% of the Company’s consolidated revenue.\nOn April 1, 2003, Air Canada filed for and obtained protection from the court under the Companies’ Creditors Arrangement Act, which generally allows a company to reorganize while it continues normal operations with the assistance of a court?appointed Monitor.\nThe court order provides for a general stay that precludes its creditors and others from taking any action against Air Canada.\nThe purpose of the stay is to provide Air Canada with relief designed to stabilize operations and business relationships with customers, vendors, employees and creditors.\nThe court order also provides that Air Canada shall honor all airline tickets in the usual and ordinary course of business.\nIn the event that Air Canada’s restructuring is not successful and it is liquidated, there will likely be limited assets available from which to pay creditor claims.\nIf the restructuring is not successful and any of Air Canada’s liability for deferred ticket revenues is unfunded and such charges are properly reversed by VISA and MasterCard cardholders, the Company may be liable for such reversed charges under the chargeback rules of these card associations; for more details, refer to Reserve for operating losses under Note 1 in the Notes to Consolidated Financial Statements appearing elsewhere in this report.\nAccording to the Eighth Report of the Monitor dated July 31, 2003, deferred ticket revenues for Air Canada as of June 30, 2003, representing advance ticket sales collected, were approximately $566 million Canadian, or $420 million U.\nS, based on then existing exchange rates.\nIn conjunction with the acquisition of the merchant acquiring business of CIBC in March 2001, CIBC agreed to reimburse Global Payments by the amount, if any, that Air Canada’s VISA chargebacks and credit losses for any 12 month period exceed twice the level of VISA chargebacks and credit losses experienced during the one?year period ending October 31, 1999.\nThis reimbursement obligation is scheduled to expire on March 20, 2004.\nBased on an affidavit of an Air Canada officer, 80% of Air Canada customers elect to pay using credit cards and, of those credit card users, 29.3% use VISA cards and 8.4% use MasterCard cards.\nTherefore, based on the information contained in that affidavit, the information contained in Eighth Report of the Monitor, and taking into consideration CIBC’s reimbursement obligations for Air Canada’s chargebacks and credit losses, our maximum potential chargeback liability exposure relative to Air Canada as of June 30, 2003 is $38?$48 million Canadian, or $28?$35 million U. S. , based on existing exchange rates."}
{"_id": "d8de10e92", "title": "", "text": "| December 31, | 2008 | Amount | (In millions) | Office | Apartments | Real estate investment funds | Industrial | Retail | Hotel | Land | Agriculture | Other | Total real estate holdings | December 31, | 2008 | (In millions) | Individual: | Guaranteed minimum accumulation benefit | Guaranteed minimum withdrawal benefit | Guaranteed minimum income benefit | International: | Guaranteed minimum accumulation benefit | Guaranteed minimum withdrawal benefit | Total |"}
{"_id": "d8ed6da8e", "title": "", "text": "| (Millions) 2008 2007 | €1 billion bridge loan agreement, 5.2% | U.S. commercial paper, 5.3% as of Dec. 31, 2008 | €650 million revolving credit facility, weighted average 2.9% as of Dec. 31, 2008-1 | Other, weighted average 4.0% as of Dec. 31, 2008 | Total |"}
{"_id": "d8ced7444", "title": "", "text": "Consolidation of AWE Management Limited On August 24, 2016, we increased our ownership interest in the AWE joint venture, which operates the United Kingdoms nuclear deterrent program, from 33% to 51%.\nAt which time, we began consolidating AWE.\nConsequently, our operating results include 100% of AWEs sales and 51% of its operating profit.\nPrior to increasing our ownership interest, we accounted for our investment in AWE using the equity method of accounting.\nUnder the equity method, we recognized only 33% of AWEs earnings or losses and no sales.\nAccordingly, prior toAugust 24, 2016, the date we obtained control, we recorded 33% ofAWEs net earnings in our operating results and subsequent to August 24, 2016, we recognized 100% of AWEs sales and 51% of its operating profit.\nWe accounted for this transaction as a step acquisition (as defined by U. S.  GAAP), which requires us to consolidate and record the assets and liabilities ofAWE at fair value.\nAccordingly, we recorded intangible assets of $243 million related to customer relationships, $32 million of net liabilities, and noncontrolling interests of $107 million.\nThe intangible assets are being amortized over a period of eight years in accordance with the underlying pattern of economic benefit reflected by the future net cash flows.\nIn 2016, we recognized a non-cash net gain of $104 million associated with obtaining a controlling interest inAWE, which consisted of a $127 million pretax gain recognized in the operating results of our Space business segment and $23 million of tax-related items at our corporate office.\nThe gain represents the fair value of our 51% interest inAWE, less the carrying value of our previously held investment inAWE and deferred taxes.\nThe gain was recorded in other income, net on our consolidated statements of earnings.\nThe fair value of AWE (including the intangible assets), our controlling interest, and the noncontrolling interests were determined using the income approach."}
{"_id": "d8e0b4d92", "title": "", "text": "SALE OF SMARTSTREET Effective October 26, 2012, PNC divested certain deposits and assets of the Smartstreet business unit, which was acquired by PNC as part of the RBC Bank (USA) acquisition, to Union Bank, N. A.  Smartstreet is a nationwide business focused on homeowner or community association managers and had approximately $1 billion of assets and deposits as of September 30, 2012.\nThe gain on sale was immaterial and resulted in a reduction of goodwill and core deposit intangibles of $46 million and $13 million, respectively.\nResults from operations of Smartstreet from March 2, 2012 through October 26, 2012 are included in our Consolidated Income Statement.\nFLAGSTAR BRANCH ACQUISITION Effective December 9, 2011, PNC acquired 27 branches in the northern metropolitan Atlanta, Georgia area from Flagstar Bank, FSB, a subsidiary of Flagstar Bancorp, Inc.\nThe fair value of the assets acquired totaled approximately $211.8 million, including $169.3 million in cash, $24.3 million in fixed assets and $18.2 million of goodwill and intangible assets.\nWe also assumed approximately $210.5 million of deposits associated with these branches.\nNo deposit premium was paid and no loans were acquired in the transaction.\nOur Consolidated Income Statement includes the impact of the branch activity subsequent to our December 9, 2011 acquisition.\nBANKATLANTIC BRANCH ACQUISITION Effective June 6, 2011, we acquired 19 branches in the greater Tampa, Florida area from BankAtlantic, a subsidiary of BankAtlantic Bancorp, Inc.\nThe fair value of the assets acquired totaled $324.9 million, including $256.9 million in cash, $26.0 million in fixed assets and $42.0 million of goodwill and intangible assets.\nWe also assumed approximately $324.5 million of deposits associated with these branches.\nA $39.0 million deposit premium was paid and no loans were acquired in the transaction.\nOur Consolidated Income Statement includes the impact of the branch activity subsequent to our June 6, 2011 acquisition.\nSALE OF PNC GLOBAL INVESTMENT SERVICING On July 1, 2010, we sold PNC Global Investment Servicing Inc.  (GIS), a leading provider of processing, technology and business intelligence services to asset managers, brokerdealers and financial advisors worldwide, for $2.3 billion in cash pursuant to a definitive agreement entered into on February 2, 2010.\nThis transaction resulted in a pretax gain of $639 million, net of transaction costs, in the third quarter of 2010.\nThis gain and results of operations of GIS through June 30, 2010 are presented as Income from discontinued operations, net of income taxes, on our Consolidated Income Statement.\nAs part of the sale agreement, PNC has agreed to provide certain transitional services on behalf of GIS until completion of related systems conversion activities."}
{"_id": "d8193ecc2", "title": "", "text": "| 2011 2012 2013 2014 2015 2016 | Loews Common Stock | S&P 500 Index | Loews Peer Group (a) |"}
{"_id": "d8b39b1d0", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements When it is determined that the firm cannot reasonably estimate expected cash flows on PCI loans or pools of loans, such loans are placed on nonaccrual status.\nAllowance for Credit Losses The firms allowance for credit losses consists of the allowance for losses on loans and lending commitments.\nThe firms allowance for loan losses consists of specific loan-level reserves, portfolio level reserves and reserves on PCI loans, as described below: ° Specific loan-level reserves are determined on loans (excluding PCI loans) that exhibit credit quality weakness and are therefore individually evaluated for impairment.\n° Portfolio level reserves are determined on loans (excluding PCI loans) not evaluated for specific loan-level reserves by aggregating groups of loans with similar risk characteristics and estimating the probable loss inherent in the portfolio.\n° Reserves on PCI loans are recorded when it is determined that the expected cash flows, which are reassessed on a quarterly basis, will be lower than those used to establish the current effective yield for such loans or pools of loans.\nIf the expected cash flows are determined to be significantly higher than those used to establish the current effective yield, such increases are initially recognized as a reduction to any previously recorded allowances for loan losses and any remaining increases are recognized as interest income prospectively over the life of the loan or pools of loans as an increase to the effective yield.\nThe allowance for loan losses is determined using various risk factors, including industry default and loss data, current macroeconomic indicators, borrowers capacity to meet its financial obligations, borrowers country of risk, loan seniority and collateral type.\nIn addition, for loans backed by real estate, risk factors include loan to value ratio, debt service ratio and home price index.\nRisk factors for consumer loans include FICO credit scores and delinquency status.\nManagements estimate of loan losses entails judgment about loan collectability at the reporting dates, and there are uncertainties inherent in those judgments.\nWhile management uses the best information available to determine this estimate, future adjustments to the allowance may be necessary based on, among other things, changes in the economic environment or variances between actual results and the original assumptions used.\nLoans are charged off against the allowance for loan losses when deemed to be uncollectible.\nThe firm also records an allowance for losses on lending commitments that are held for investment and accounted for on an accrual basis.\nSuch allowance is determined using the same methodology as the allowance for loan losses, while also taking into consideration the probability of drawdowns or funding, and is included in other liabilities."}
{"_id": "d8ef26dc6", "title": "", "text": "| As of December 31, | 2005 | (In thousands) | Balance Sheet Data: | Cash and cash equivalents, Short-term investments and Securities-available-for-sale | Working capital -7 | Total assets | Total redeemable convertible preferred stock |"}
{"_id": "d86e1fa66", "title": "", "text": "| Analysis of % Change | Total Change | 2006 vs. 2005 | 2005 vs. 2004 |"}
{"_id": "d8add2c26", "title": "", "text": "| Global Corporate Banking Global Commercial Banking Business Banking Total | 2018 | (Dollars in millions) | Revenue | Business Lending | Global Transaction Services | Total revenue, net of interest expense | Balance Sheet | Average | Total loans and leases | Total deposits | Year end | Total loans and leases | Total deposits | Global Banking | (Dollars in millions) | Products | Advisory | Debt issuance | Equity issuance | Gross investment banking fees | Self-led deals | Total investment banking fees |"}
{"_id": "d8cebeeb2", "title": "", "text": "UNITED PARCEL SERVICE, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 99 Floating-Rate Senior Notes The floating-rate senior notes with principal amounts totaling $1.043 billion, bear interest at either one or three-month LIBOR, less a spread ranging from 30 to 45 basis points.\nThe average interest rate for 2017 and 2016 was 0.74% and 0.21%, respectively.\nThese notes are callable at various times after 30 years at a stated percentage of par value, and putable by the note holders at various times after one year at a stated percentage of par value.\nThe notes have maturities ranging from 2049 through 2067.\nWe classified the floating-rate senior notes that are putable by the note holder as a long-term liability, due to our intent and ability to refinance the debt if the put option is exercised by the note holder.\nIn March and November 2017, we issued floating-rate senior notes in the principal amounts of $147 and $64 million, respectively, which are included in the $1.043 billion floating-rate senior notes described above.\nThese notes will bear interest at three-month LIBOR less 30 and 35 basis points, respectively and mature in 2067.\nThe remaining three floating-rate senior notes in the principal amounts of $350, $400 and $500 million, bear interest at three-month LIBOR, plus a spread ranging from 15 to 45 basis points.\nThe average interest rate for 2017 and 2016 was 0.50% and 0.0%, respectively.\nThese notes are not callable.\nThe notes have maturities ranging from 2021 through 2023.\nWe classified the floating-rate senior notes that are putable by the note holder as a long-term liability, due to our intent and ability to refinance the debt if the put option is exercised by the note holder."}
{"_id": "d864c92e6", "title": "", "text": "| Years ended December 31, 2007 2006 % Change | (Dollars in millions) | Salaries and employee benefits | Information systems and communications | Transaction processing services | Occupancy | Provision for legal exposure | Merger and integration costs | Professional services | Amortization of other intangible assets | Other | Total expenses |"}
{"_id": "d894f010e", "title": "", "text": "| 2017 $200,450 | 2018 | 2019 | 2020 | 2021 | Thereafter | Future Minimum Lease Payments |"}
{"_id": "d8977486c", "title": "", "text": "| Issued In Treasury Shares Outstanding | Balance, January 1, 2007 | Shares sold to optionees less shares exchanged | Shares issued under employee stock purchase plan | Stock repurchase program | Issued on conversions of debentures | Balance, December 31, 2007 | Shares sold to optionees less shares exchanged | Shares issued under employee stock purchase plan | Stock repurchase program | Issued on conversions of debentures | Balance, December 31, 2008 | Shares sold to optionees less shares exchanged | Vesting of restricted stock | Shares issued under employee stock purchase plan | Stock repurchase program | Balance, December 31, 2009 |"}
{"_id": "d8c5fb08c", "title": "", "text": "| December 31 | 2008 | (Dollars in millions) | Credit derivatives | Purchased protection: | Credit default swaps | Total return swaps | Total purchased protection | Written protection: | Credit default swaps | Total return swaps | Total written protection | Total credit derivatives |"}
{"_id": "d8f340c0e", "title": "", "text": "Contractual and Other Obligations Firm Commitments The following table summarizes certain of the Company’s aggregate contractual obligations as of March 29, 2008, and the estimated timing and effect that such obligations are expected to have on the Company’s liquidity and cash flow in future periods.\nThe Company expects to fund the firm commitments with operating cash flow generated in the normal course of business and, if necessary, availability under its $450 million credit facility or other potential sources of financing."}
{"_id": "d87d579b6", "title": "", "text": "| 2003 2004 Change | Foreign currency transaction gains | Debt extinguishment expense | Loss on investments | Other, net | $-2,564 |"}
{"_id": "d88760084", "title": "", "text": "Environmental Matters.\nExpenditures for current operations are expensed or capitalized, as appropriate.\nExpenditures relating to existing conditions caused by past operations, which will not contribute to future revenues, are expensed.\nLiabilities are recorded when remediation costs are probable and can be reasonably estimated.\nThe liability may include costs such as site investigations, consultant fees, feasibility studies, outside contractors, and monitoring expenses.\nEstimates are generally not discounted or reduced by potential claims for recovery.\nClaims for recovery are recognized when probable and as agreements are reached with third parties.\nThe estimates also include costs related to other potentially responsible parties to the extent that Arconic has reason to believe such parties will not fully pay their proportionate share.\nThe liability is continuously reviewed and adjusted to reflect current remediation progress, prospective estimates of required activity, and other factors that may be relevant, including changes in technology or regulations."}
{"_id": "d888ea922", "title": "", "text": "Timing of Deduction of Construction-Related Costs In August 2005, the IRS issued Revenue Ruling 2005-53 with respect to when federal income tax deductions can be taken for certain construction-related costs.\nThe Companies’ used the “simplified service cost method” (SSCM) to determine the extent to which these costs could be deducted in 2002, 2003 and 2004, and as a result reduced their current tax expense, by $289 million, of which $264 million is attributable to Con Edison of New York.\nUnder Revenue Ruling 2005-53, the Companies may be required to repay, with interest, a portion of their past SSCM tax benefits and to capitalize and depreciate over a period of years costs they previously deducted under SSCM.\nThe interest could range from zero to approximately $42 million.\nRepayment of the SSCM tax benefits would not otherwise affect the Utilities’ results of operations because deferred taxes have been previously provided for the related temporary differences between the SSCM deductions taken for federal income tax purposes and the corresponding amounts charged to expense for financial reporting purposes."}
{"_id": "d8aae8a4c", "title": "", "text": "Item 7.\nManagement’s Discussion and Analysis of Financial Condition and Results of Operations Results of Operations – CNA Financial – (Continued) Net results improved by $310.9 million in 2005 as compared with 2004.\nThe improvement in net results related primarily to a $352.9 million after tax and minority interest realized loss on the sale of the individual life business in 2004.\nAlso contributing to the improvement in net results is the reduction in 2005 of significant 2004 items related to the IGI Program as discussed below.\nIn addition, 2005 results included an $11.9 million gain, after tax and minority interest, related to a service agreement with a purchaser for sold businesses.\nThese agreements have expired.\nThese results were partially offset by a decline in net investment income of $98.4 million.\nThis included a decrease of approximately $64.0 million from the trading portfolio which was largely net income neutral due to a corresponding decrease in the policyholders’ funds reserves supported by the trading portfolio.\nIn addition, it included the absence of favorable results from the sold insurance operations as discussed below.\nAlso unfavorably impacting the 2005 results was a $15.3 million, after tax and minority interest, provision increase for estimated indemnification liabilities related to the sold individual life business and unfavorable results related to the long term care business.\nSee the Investments section of this MD&A for additional information on net investment income and net realized investment results.2004 Compared with 2003 Net earned premiums for Life and Group Non-Core decreased $1,455.0 million in 2004 as compared with 2003.\nThe decrease in net earned premiums was due primarily to the absence of premiums from the group benefits business and reduced premiums for the individual life business.\nNet earned premiums for the sold life and group businesses were $115.0 million and $1,459.0 million for 2004 and 2003.\nNet earned premiums also decreased in most of the remaining lines of business which are in runoff, and this decline is expected to continue in the future.\nPartially offsetting this decrease was an increase in net earned premiums in the specialty medical business, which continued to issue new policies prior to its sale in January 2005.\nNet results decreased by $379.6 million in 2004 as compared with 2003.\nThe decrease in net results related primarily to net realized investment losses, including the realized loss of approximately $352.9 million after tax and minority interest from the sale of the individual life business and reduced results from the group benefits and individual life businesses.\nNet realized investment losses in 2003 include a loss recorded on the sale of the Group Benefits business of $116.4 million after tax and minority interest.\nNet results for the sold life and group businesses were losses of $389.7 million and $32.5 million, including the loss on sales and the effects of shared corporate overhead expenses, in 2004 and 2003.\nIn addition, results for life settlement contracts declined in 2004.\nThese items were partially offset by reduced increases in individual long term care reserves of $19.2 million after tax and minority interest in 2004 as compared with 2003.\nAlso included in the net results of 2004 and 2003 were the adverse impacts of $23.7 million and $29.8 million, after tax and minority interest, related to certain accident and health exposures (“IGI Program”) and CNA’s past participation in accident and health reinsurance programs."}
{"_id": "d8259025a", "title": "", "text": "shipment volumes.\nPlywood prices increased from 2006, providing a partial offset to the lower prices realized for OSB.\n The contribution from engineered I-joists and engineered solid section declined $180 million  about 50 percent from lower price realizations and 50 percent from reduced shipment volumes.\n The contribution from sales of other building products declined approximately $40 million primarily as a result of reduced shipment volumes due to the decline in demand.\n?The net effect of legal settlements adversely affected the segment by $483 million.2007 included $21 million of charges for legal settlements.2006 included income of $462 million, including:  $344 million of income from refunds of countervailing and anti-dumping deposits relating to the softwood lumber dispute between the U. S.  and Canada,  $95 million of income from a reversal of the reserve for alder antitrust litigation and  $23 million of income from a reduction in the reserve for hardboard siding claims.\n?Charges resulting from the closure or sale of various manufacturing facilities and distribution locations.\n?Gains on the sale of operations declined by $51 million as 2006 included the sale of the North American composite panel operations and 2007 had no comparable activity.\nThese decreases were partially offset by lower raw material, manufacturing, and selling and general administrative costs, which increased the contribution to earnings by approximately $290 million.\nOUR OUTLOOK The segment recognized a fourth-quarter loss of $960 million, which included $761 million of charges for asset impairments, closures and restructuring activities.\nThe operating results reflected significantly lower prices for lumber and oriented strand board and reduced sales volumes as a result of the continued decline in the housing market.\nWe expect challenging housing market conditions to continue into the first quarter 2009 and expect first-quarter results for the segment to be comparable to the fourth quarter of 2008, excluding asset impairment, closure and restructuring charges."}
{"_id": "d8c554ff2", "title": "", "text": "The Company’s average VaR for the Primary Risk Categories for 2012 was $64 million compared with $78 million for 2011.\nThis decrease was primarily driven by reduced risk in interest rate and credit spread sensitive products.\nThe average Credit Portfolio VaR for 2012 was $26 million compared with $61 million for 2011.\nThis change was primarily driven by a significant reduction in counterparty exposure to MBIA, which the Company settled in December 2011 (see “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Executive Summary—Significant Items—Monoline Insurers” in Part II, Item 7 herein for further information).\nAdditionally, the transition of loans held at fair value to loans held for investment (net of allowance) also contributed to the reduction.\nThe average Total Trading VaR for 2012 was $73 million compared with $98 million for 2011.\nThis decrease was driven by the aforementioned movements.\nTo aid in the transition to the current VaR model in 2012, results using the prior model are being provided for comparative purposes.\nThis dual presentation will be discontinued in 2013"}
{"_id": "d88fd8d2e", "title": "", "text": "| Well-   Capitalized   Minimums At December 31, 2010 | Actual | (Dollar amounts in billions) | Ratios: | Tier 1 leverage ratio | Bank | Tier 1 risk-based capital ratio | Bank | Total risk-based capital ratio | Bank |"}
{"_id": "d87d15d68", "title": "", "text": "| 2012 2011 2010 | Net sales | Operating profit | Operating margins | Backlog at year-end |"}
{"_id": "d8775a568", "title": "", "text": "| 2013 2012 2011 | Cost of sales | Royalties | Product development | Amortization of intangibles | Selling, distribution and administration | Total |"}
{"_id": "d8730394c", "title": "", "text": "| December 31, 2005 December 31, 2004 | Fair Market Value | (in thousands) | U.S. treasury securities and obligations of U.S. government agencies | Obligations of states and political subdivisions | Auction rate securities | U.S. corporate securities | Total |"}
{"_id": "d871195e6", "title": "", "text": "| CECONY O&R | Technology | Internal-combustion engines | Photovoltaic solar | Gas turbines | Micro turbines | Fuel cells | Steam turbines | Total Distribution-level distributed generation |"}
{"_id": "d8157da48", "title": "", "text": "Table of Contents ADOBE INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Goodwill, Purchased Intangibles and Other Long-Lived Assets Goodwill is assigned to one or more reporting segments on the date of acquisition.\nWe review our goodwill for impairment annually during our second quarter of each fiscal year and between annual tests if an event occurs or circumstances change that would more likely than not reduce the fair value of any one of our reporting units below its respective carrying amount.\nIn performing our goodwill impairment test, we first perform a qualitative assessment, which requires that we consider events or circumstances including macroeconomic conditions, industry and market considerations, cost factors, overall financial performance, changes in management or key personnel, changes in strategy, changes in customers, changes in the composition or carrying amount of a reporting segment’s net assets and changes in our stock price.\nIf, after assessing the totality of events or circumstances, we determine that it is more likely than not that the fair values of our reporting segments are greater than the carrying amounts, then the quantitative goodwill impairment test is not performed.\nIf the qualitative assessment indicates that the quantitative analysis should be performed, we then evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value, including the associated goodwill.\nTo determine the fair values, we use the equal weighting of the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows.\nOur cash flow assumptions consider historical and forecasted revenue, operating costs and other relevant factors.\nWe completed our annual goodwill impairment test in the second quarter of fiscal 2018.\nWe determined, after performing a qualitative review of each reporting segment, that it is more likely than not that the fair value of each of our reporting segments substantially exceeds the respective carrying amounts.\nAccordingly, there was no indication of impairment and the quantitative goodwill impairment test was not performed.\nWe did not identify any events or changes in circumstances since the performance of our annual goodwill impairment test that would require us to perform another goodwill impairment test during the fiscal year.\nWe amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists.\nWe continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets, including our intangible assets may not be recoverable.\nWhen such events or changes in circumstances occur, we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows.\nIf the future undiscounted cash flows are less than the carrying amount of these assets, we recognize an impairment loss based on any excess of the carrying amount over the fair value of the assets.\nWe did not recognize any intangible asset impairment charges in fiscal 2018, 2017 or 2016.\nDuring fiscal 2018, our intangible assets were amortized over their estimated useful lives ranging from 1 to 14 years.\nAmortization is based on the pattern in which the economic benefits of the intangible asset will be consumed or on a straight-line basis when the consumption pattern is not apparent.\nThe weighted average useful lives of our intangible assets were as follows:"}
{"_id": "d81bf4174", "title": "", "text": "| December 31, | 2015 | Assurant Solutions | Assurant Specialty Property | Assurant Health | Assurant Employee Benefits | Total |"}
{"_id": "d8da46a28", "title": "", "text": "Acquisitions and Divestitures 2015 For the year ended December 31, 2015, we paid cash for acquisitions, net of cash acquired, totaling $2.4 billion.\nWe used the net proceeds of our $2.0 billion of senior notes issued in August of 2015 and cash on hand to finance the acquisition of SNL.\nAll other acquisitions were funded with cash flows from operations.\nAcquisitions completed during the year ended December 31, 2015 by segment included: S&P Capital IQ and SNL On September 1, 2015 (the Acquisition Date), we acquired SNL Financial LC (SNL) for $2.225 billion in cash, subject to working capital adjustments.\nSNLs results of operations have been included in our consolidated statements of income subsequent to the Acquisition Date.\nSNL is a global provider of news, data, and analytical tools to five sectors in the global economy: financial services, real estate, energy, media & communications, and metals & mining.\nSNL delivers information through its suite of web, mobile and direct data feed platforms that helps clients, including investment and commercial banks, investors, corporations, and regulators make decisions, improve efficiency, and manage risk.\nACQUISITION-RELATED EXPENSES During the year ended December 31, 2015, the Company incurred approximately $37 million of acquisition-related costs related to the acquisition of SNL.\nThese expenses are included in selling and general expenses in our consolidated statements of income.\nPRELIMINARY ALLOCATION OF PURCHASE PRICE Our acquisition of SNL was accounted for using the purchase method.\nUnder the purchase method, the excess of the purchase price over the fair value of the net assets acquired is allocated to goodwill and other intangibles.\nThe goodwill recognized is largely attributable to anticipated operational synergies and growth opportunities as a result of the acquisition.\nThe intangible assets, excluding goodwill and indefinite-lived intangibles, will be amortized over their anticipated useful lives between 10 and 18 years which will be determined when we finalize our purchase price allocation.\nThe goodwill is expected to be deductible for tax purposes.\nThe following table presents the preliminary allocation of purchase price to the assets and liabilities of SNL as a result of the acquisition."}
{"_id": "d8f1771d4", "title": "", "text": "| In millions of dollars 2008 2007 2006 | Net interest revenue | Non-interest revenue | Revenues, net of interest expense | Operating expenses | Provisions for loan losses and for benefits and claims | Loss from continuing operations before taxes and minority interest | Income tax benefits | Minority interest, net of taxes | Loss from continuing operations | Income from discontinued operations | Net income (loss) |"}
{"_id": "d8a120a64", "title": "", "text": "Entergy New Orleans Securitization Bonds - Hurricane Isaac In May 2015 the City Council issued a financing order authorizing the issuance of securitization bonds to recover Entergy New Orleans’s Hurricane Isaac storm restoration costs of $31.8 million, including carrying costs, the costs of funding and replenishing the storm recovery reserve in the amount of $63.9 million, and approximately $3 million of up-front financing costs associated with the securitization.\nIn July 2015, Entergy New Orleans Storm Recovery Funding I, L. L. C. , a company wholly owned and consolidated by Entergy New Orleans, issued $98.7 million of storm cost recovery bonds.\nThe bonds have a coupon of 2.67%.\nAlthough the principal amount is not due until the date given in the tables above, Entergy New Orleans Storm Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $10.6 million for 2017, $11 million for 2018, $11.2 million for 2019, $11.6 million for 2020, and $11.9 million for 2021.\nWith the proceeds, Entergy New Orleans Storm Recovery Funding purchased from Entergy New Orleans the storm recovery property, which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds.\nThe storm recovery property is reflected as a regulatory asset on the consolidated Entergy New Orleans balance sheet.\nThe creditors of Entergy New Orleans do not have recourse to the assets or revenues of Entergy New Orleans Storm Recovery Funding, including the storm recovery property, and the creditors of Entergy New Orleans Storm Recovery Funding do not have recourse to the assets or revenues of Entergy New Orleans.\nEntergy New Orleans has no payment obligations to Entergy New Orleans Storm Recovery Funding except to remit storm recovery charge collections."}
{"_id": "d8e3bfd70", "title": "", "text": "| Years Ended December 31, Percentage Change | (dollars in millions) | Underwriting results: | Net premiums written | Increase in unearned premiums | Net premiums earned | Losses and loss adjustment expenses incurred | Acquisition expenses: | Amortization of deferred policy acquisition costs | Other acquisition expenses | Total acquisition expenses | General operating expenses | Underwriting income | Net investment income | Pre-tax operating income |"}
{"_id": "d8b71019e", "title": "", "text": "In conjunction with common stock dividends declared in 2015 and 2014, we accrued dividends of $0.9 and $0.8, respectively, on non-vested stock-settled awards and paid dividends of $0.6 and $0.5 for stock-settled awards that vested during 2015 and 2014, respectively.\nA summary of the activity of our non-vested stock-settled awards, cash-settled awards and performance-based awards during 2015 is presented below (performance-based awards are shown at 100% of the shares originally granted)"}
{"_id": "d8ea0473a", "title": "", "text": "2016 Compared to 2015 In 2016, across our North American Full-Service segment we added 424 properties (154,521 rooms), including 398 properties (147,623 rooms) from the Starwood Combination on the Merger Date, and two properties (213 rooms) left our system.\nNorth American Full-Service segment profits increased by $216 million, reflecting $110 million from the Starwood Combination and $106 million of higher Legacy-Marriott profits, primarily due to the following: ?\n$58 million of higher Legacy-Marriott base management and franchise fees, primarily reflecting $30 million of stronger RevPAR and unit growth and $21 million of higher branding fees; ?\n$17 million of higher Legacy-Marriott incentive management fees, primarily driven by higher net house profits at managed hotels;"}
{"_id": "d890b88d4", "title": "", "text": "| Year Ended December 31 2005 2004 2003 | (In millions) | Fixed maturity securities | Short-term investments | Limited partnerships | Equity securities | Income from trading portfolio (a) | Interest on funds withheld and other deposits | Other | Total investment income | Investment expenses | Net investment income | December 31 | CarryingAmount | (In millions) | Financial assets: | Other investments | Separate account business: | Fixed maturities securities | Equity securities | Financial liabilities: | Premium deposits and annuity contracts | Short-term debt | Long-term debt | Financial guarantee contracts | Separate account business: | Variable separate accounts | Other |"}
{"_id": "d89420846", "title": "", "text": "| 2010 2009 2008 | Cash, cash equivalents and marketable securities | Accounts receivable, net | Inventories | Working capital | Annual operating cash flow |"}
{"_id": "d8c27974c", "title": "", "text": "| December 31, millions, except per share amounts and employees 2017 2016 2015 2014 2013 | OPERATIONS | Net sales | Cost of sales (including special (gains) and charges (1)) | Selling, general and administrative expenses | Special (gains) and charges | Operating income | Interest expense, net (including special (gains) and charges (1)) | Income before income taxes | Provision for income taxes | Net income including noncontrolling interest | Net income (loss) attributable to noncontrolling interest (including special (gains) and charges (1)) | Net income attributable to Ecolab | Diluted earnings per share, as reported (GAAP) | Diluted earnings per share, as adjusted (Non-GAAP) (2) | Weighted-average common shares outstanding - basic | Weighted-average common shares outstanding - diluted | SELECTED INCOME STATEMENT RATIOS | Gross margin | Selling, general and administrative expenses | Operating income | Income before income taxes | Net income attributable to Ecolab | Effective income tax rate | FINANCIAL POSITION | Current assets | Property, plant and equipment, net | Goodwill, intangible and other assets | Total assets | Current liabilities | Long-term debt | Postretirement health care and pension benefits | Other liabilities | Total liabilities | Ecolab shareholders’ equity | Noncontrolling interest | Total equity | Total liabilities and equity | SELECTED CASH FLOW INFORMATION | Cash provided by operating activities | Cash used for investing activities | Cash used for financing activities | Depreciation and amortization | Capital expenditures | Cash dividends declared per common share | SELECTED FINANCIAL MEASURES/OTHER | Total debt | Total debt to capitalization | Book value per common share | Return on beginning equity | Dividends per share/diluted earnings per common share | Net interest coverage | Year end market capitalization | Annual common stock price range | $117.29 | Number of employees |"}
{"_id": "d87574c08", "title": "", "text": "| 52-weeks ended December 27, 2008 52-weeks ended December 29, 2007 Year over Year | Gross Profit | Outdoor/Fitness | Marine | Automotive/Mobile | Aviation | Total |"}
{"_id": "d8ed765d0", "title": "", "text": "| Change | 2012 | (in millions) | IBNR -1 | Reported claims in process -2 | Military services benefits payable -3 | Other benefits payable -4 | Total benefits payable | Payables from acquisition | Change in benefits payable per cash flow statement resulting in cash fromoperations |"}
{"_id": "d8de10ce4", "title": "", "text": "| December 31, 2008 December 31, 2007 | Amortized   Cost -1 | (In millions) | Performing | Restructured | Potentially delinquent | Delinquent or under foreclosure | Total |"}
{"_id": "d8a255d12", "title": "", "text": "| Location Television Market Market Status Planned Opening Date | Rochester, New York-1 | Dothan, Alabama-1 | Mechanicsburg, Pennsylvania | Spokane Valley, Washington | Madison, Wisconsin | Fort Worth, Texas | Lynchburg, Virginia | Milwaukie, Oregon | Beaverton, Oregon | Saltillo, Mississippi | Reno, Nevada | Raleigh, North Carolina | Warrensville Heights, Ohio |"}
{"_id": "d8861211e", "title": "", "text": "| In millions December 312014 December 312013 | Consumer lending: | Real estate-related | Credit card | Other consumer | Total consumer lending | Total commercial lending | Total TDRs | Nonperforming | Accruing (b) | Credit card | Total TDRs |"}
{"_id": "d8ece1e26", "title": "", "text": "| 2018 2017 2016 | Beginning Balance | Increase-1 | Decrease-2 | Other-3 | Ending Balance |"}
{"_id": "d8cb2d708", "title": "", "text": "Equity Capital Capital adequacy is of critical importance to us.\nOur objective is to be conservatively capitalized in terms of the amount and composition of our equity base.\nAccordingly, we have in place a comprehensive capital management policy that serves as a guide to determine the amount and composition of equity capital we maintain.\nThe level and composition of our equity capital are determined by multiple factors including our current and future consolidated regulatory capital requirements, our ICAAP, CCAR and results of stress tests, and may also be influenced by other factors such as rating agency guidelines, subsidiary capital requirements, the business environment, conditions in the financial markets and assessments of potential future losses due to adverse changes in our business and market environments.\nIn addition, we maintain a capital plan which projects sources and uses of capital given a range of business environments, and a contingency capital plan which provides a framework for analyzing and responding to an actual or perceived capital shortfall.\nAs part of the Federal Reserve Boards annual CCAR, U. S.  bank holding companies with total consolidated assets of $50 billion or greater are required to submit annual capital plans for review by the Federal Reserve Board.\nThe purpose of the Federal Reserve Boards review is to ensure that these institutions have robust, forward-looking capital planning processes that account for their unique risks and that permit continued operations during times of economic and financial stress.\nThe Federal Reserve Board will evaluate a bank holding company based on whether it has the capital necessary to continue operating under the baseline and stressed scenarios provided by the Federal Reserve.\nAs part of the capital plan review, the Federal Reserve Board evaluates an institutions plan to make capital distributions, such as increasing dividend payments or repurchasing or redeeming stock, across a range of macro-economic and firm-specific assumptions.\nIn addition, the rules adopted by the Federal Reserve Board under the Dodd-Frank Act, require us to conduct stress tests on a semi-annual basis and publish a summary of certain results, beginning in March 2013.\nThe Federal Reserve Board will conduct its own annual stress tests and is expected to publish a summary of certain results in March 2013.\nManagements Discussion and Analysis RWAs for market risk are comprised of modeled and non-modeled risk requirements.\nModeled risk requirements are determined by reference to the firms Value-at-Risk (VaR) model.\nVaR is the potential loss in value of inventory positions due to adverse market movements over a defined time horizon with a specified confidence level.\nWe use a single VaR model which captures risks including interest rates, equity prices, currency rates and commodity prices.\nFor certain portfolios of debt and equity positions, the modeled RWAs also reflect requirements for specific risk, which is the risk of loss on a position that could result from changes in risk factors unique to that position.\nRegulatory VaR used for capital requirements will differ from risk management VaR, due to different time horizons (10-day vs.  1-day), confidence levels (99% vs.  95%), as well as other factors.\nNon-modeled risk requirements reflect specific risk for other debt and equity positions.\nThe standardized measurement method is used to determine non-modeled risk by applying supervisory defined risk-weighting factors to positions after applicable netting is performed.\nThe table below presents information on the components of RWAs within our consolidated regulatory capital ratios."}
{"_id": "d8174dd78", "title": "", "text": "| 2011 2010 2009 | U.S. statutory tax rate | U.S. state income taxes, net of U.S. federal tax benefit | Nondeductible expenses | Non-U.S. income | Audit activity-1 | Company owned life insurance | Change in valuation allowance-2 | Tax credits | Other, net | Effective rate |"}
{"_id": "d8b7e8062", "title": "", "text": "| (dollars in millions) Year-Over-YearChange Change as aPercentage of2015 Expenses | Loss on datacenter and related legal fees | Professional fees and outside services | Foreign currency exchange rate fluctuation | Licensing and other fee agreements | Reorganization, severance and retirement costs | Real estate taxes and fees | Other expenses, net | Total |"}
{"_id": "d8bac1d10", "title": "", "text": "| Years Ended December 31, | 2005 | Subcontractor, disposal and third-party fees | Labor and benefits | Maintenance and operating | Insurance and other | Total |"}
{"_id": "d8a925a70", "title": "", "text": "| Liability as of January 1, 2003 2003 Restructuring Expense 2003 Cash Payments Liability as of December 31, 2003 2004 Restructuring Expense 2004 Cash Payments Liability as of December 31, 2004 2005 Restructuring Expense 2005 Cash Payments Liability as of December 31, 2005 | Employee separations | Lease terminations and other facility closing costs | Total |"}
{"_id": "d828e3b82", "title": "", "text": "| Strategy (In Millions) 2003 2002 | Mitigate price risk | Protect carrying values of excess inventories | Protect margin on fixed price sales | Protect crack spread values | Trading activities | Total net derivative losses |"}
{"_id": "d8c6316b4", "title": "", "text": "| December 31, 2005 December 31, 2004 | Industry-1 | (in millions) | Corporate Securities: | Manufacturing | Finance | Utilities | Services | Energy | Retail and Wholesale | Transportation | Other | Total Corporate Securities | Asset-Backed Securities | U.S. Government | Mortgage Backed | Foreign Government | Total |"}
{"_id": "d83ac85aa", "title": "", "text": "Notes to Consolidated Financial Statements – (continued) (Amounts in Millions, Except Per Share Amounts) Guarantees We have guaranteed certain obligations of our subsidiaries relating principally to operating leases and uncommitted lines of credit of certain subsidiaries.\nThe amount of parent company guarantees on lease obligations was $829.2 and $857.3 as of December 31, 2017 and 2016, respectively, and the amount of parent company guarantees primarily relating to uncommitted lines of credit was $491.0 and $395.6 as of December 31, 2017 and 2016, respectively.\nIn the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee, we would be obligated to pay the amounts covered by that guarantee.\nAs of December 31, 2017, there were no material assets pledged as security for such parent company guarantees."}
{"_id": "d8c37cb9e", "title": "", "text": "NOTE 16  STATEMENT OF CASH FLOWS As of June 30, 2006, the Company has separately disclosed the operating and investing portion of cash flows attributable to its discontinued operations, which in prior years were reported on a combined basis as a single amount.\nThe Company has conformed its statements of cash flows for fiscal 2005 and 2004 to reflect the cash flows used for discontinued operations from a single line below the financing activities category into the appropriate operating activity and investing activity categories.\n$1.1 million and $2.5 million were reclassified for the fiscal years ended June 30, 2005 and 2004, respectively.\nCertain other prior period cash flows have been revised to conform to the current period presentation.\nSupplemental cash flow information of significant non-cash investing and financing transactions for fiscal 2006, 2005 and 2004 is as follows:"}
{"_id": "d8e3eb95c", "title": "", "text": "| -1 December 31, 2010 December 31, 2009 | NAIC Designation | (in millions) | 1 | 2 | Subtotal High or Highest Quality Securities | 3 | 4 | 5 | 6 | Subtotal Other Securities-2 | Total Public Fixed Maturities |"}
{"_id": "d8af974da", "title": "", "text": "Investment Commitments.\nAt December 31, 2014, the Company had $161 million of various capital commitments to fund sponsored investment funds, including funds of private equity funds, real estate funds, infrastructure funds, opportunistic funds and distressed credit funds.\nThis amount excludes additional commitments made by consolidated funds of funds to underlying third-party funds as third-party noncontrolling interest holders have the legal obligation to fund the respective commitments of such funds of funds.\nIn addition to the capital commitments of $161 million, the"}
{"_id": "d8a149c34", "title": "", "text": "| December 31, 2017 | Criticized | (in millions) | Commercial | Commercial real estate | Leases | Total commercial loans and leases |"}
{"_id": "d8b0c0ce4", "title": "", "text": "(a) Interest income data are on a taxable-equivalent basis.\nThe apportionment of changes resulting from the combined effect of both volume and rate was based on the separately determined volume and rate changes."}
{"_id": "d86ada392", "title": "", "text": "The reserve development by accident year reflected in the above table was generally the result of the same factors described above that caused the deficiencies shown in the Ten Year GAAP Loss Development Table.\nThe unfavorable development experienced in the 2002 and prior accident years relate principally to the previously discussed asbestos development.\nOther business areas contributing to adverse development were casualty reinsurance, including professional liability classes, and workers compensation insurance, where, in retrospect, the Companys initial estimates of losses were underestimated principally as the result of unanticipated variability in the underlying exposures.\nThe favorable development for accident years 2003 through 2004 relates primarily to favorable experience with respect to property reinsurance business.\nIn addition, casualty reinsurance has reflected favorable development for accident years 2003 to 2006.\nThe Companys loss reserving methodologies continuously monitor the emergence of loss and loss development trends, seeking, on a timely basis, to both adjust reserves for the impact of trend shifts and to factor the impact of such shifts into the Companys underwriting and pricing on a prospective basis.\nCertain reclassifications and format changes have been made to prior years amounts to conform to the 2015 presentation."}
{"_id": "d871513e2", "title": "", "text": "| 2011 2010 2009 | (In Millions) | Fair value of restricted awards as of December 31, | Compensation expense included in Entergy’s Consolidated Net Incomefor the year | Tax benefit recognized in Entergy’s Consolidated Net Income for the year | Compensation cost capitalized as part of fixed assets and inventory |"}
{"_id": "d82384cae", "title": "", "text": "| Purchase Price Allocation | Non-current assets | Property and equipment | Intangible assets -1 | Current liabilities | Long-term liabilities | Fair value of net assets acquired | Goodwill -2 |"}
{"_id": "d86d0306a", "title": "", "text": "Financing The Companys total long-term debt, net of unamortized discount, at December 31, 2002, was $977 million compared to $837 million at December 31, 2001.\nIf the $125 million AMCCO debt had been included, the total long-term debt would have been $962 million at December 31, 2001.\nThe ratio of debt-to-book capital (defined as the Companys total debt plus its equity) was 50 percent at December 31, 2002, compared with 47 percent at December 31, 2001."}
{"_id": "d8edb981c", "title": "", "text": "Results of Operations The following table sets forth items derived from our consolidated statements of operations for the years ended December 31, 2015, 2014 and 2013:\n(1) Includes EBITDA related to discontinued operations of $7.9 million for the year ended December 31, 2013.\nEBITDA represents earnings before net interest expense, write-off of financing costs on extinguished debt, income taxes, depreciation and amortization.\nAmounts shown for EBITDA, as adjusted (which we also refer to as “Normalized EBITDA”), further remove (from EBITDA) the impact of certain cash and non-cash charges related to acquisitions, as well as certain carried interest incentive compensation expense.\nNeither EBITDA nor EBITDA, as adjusted, is a recognized measurement under U. S.  generally accepted accounting principles, or GAAP, and when analyzing our operating performance, investors should use them in addition to, and not as an alternative for, net income as determined in accordance with GAAP.\nBecause not all companies use identical calculations, our presentation of these measures may not be comparable to similarly titled measures of other companies."}
{"_id": "d8259020a", "title": "", "text": "| As of December 31 (in millions) 2013 2012 2011 2010 2009 | Commercial Banking: | Commercial real estate -1 | Commercial and industrial -1 | Equipment financing | Total Commercial Banking | Retail: | Residential mortgage: | Adjustable-rate | Fixed-rate | Total residential mortgage | Consumer: | Home equity | Other consumer | Total consumer | Total Retail | Total loans |"}
{"_id": "d875162b6", "title": "", "text": "Our technology-related intangible assets that are not subject to amortization represent technical processes, intellectual property and/or institutional understanding acquired through business combinations that are fundamental to the on-going operations of our business and have no limit to their useful life.\nOur technologyrelated intangible assets that are not subject to amortization are comprised primarily of certain acquired balloon and other technology, which is foundational to our continuing operations within the Cardiovascular market and other markets within interventional medicine.\nWe assess our indefinite-lived intangible assets at least annually for impairment and reassess their classification as indefinite-lived assets.\nWe assess qualitative factors to determine whether the existence of events and circumstances indicate that it is more likely than not that our indefinite-lived intangible assets are impaired.\nIf we conclude that it is more likely than not that the asset is impaired, we then determine the fair value of the intangible asset and perform the quantitative impairment test by comparing the fair value with the carrying value in accordance with FASB ASC Topic 350."}
{"_id": "d8acf027c", "title": "", "text": "(1) Reflects a reduction in the commitments resulting from the Lehman Brothers bankruptcy, which reduced the credit facilities by $73.3 million, collectively.\n(2) Net of credit facility borrowings, issued and outstanding letters of credit and commercial paper borrowings.\nThe lines of credit provide short-term financing in the form of notes payable to banks, letters of credit and back-up support for commercial paper borrowings.  ?\nEach credit facility has one financial covenant requiring that the debt-to-total-capitalization ratio of each entity be less than or equal to 65 percent with which all were in compliance at Dec.  31, 2008 and 2007.\nIf Xcel Energy or any of its utility subsidiaries do not comply with the covenant, it is deemed an event of default and any outstanding amounts due under the facility can be declared due by the lender.  ?\nEach credit facility has a cross default provision that provides the borrower will be in default on its borrowings under the facility if any of its subsidiaries, comprising more than 15 percent of the consolidated assets, defaults on any of its indebtedness greater than $50 million.  ?\nThe interest rates under these lines of credit are based on either the agent banks prime rate or the applicable LIBOR, plus a borrowing margin based on the applicable debt rating.  ?\nThe commitment fees, also based on applicable debt ratings, are calculated on the unused portion of the lines of credit at 8 annual basis points for Xcel Energy, PSCo and SPS, and at 6 annual basis points for NSP-Minnesota.\nXcel Energy and its utility subsidiaries have $2.2 billion in senior unsecured revolving credit facilities that mature in December 2011.\nXcel Energy and its utility subsidiaries have the right to request an extension of the final maturity date by one year.\nThe maturity extension is subject to majority bank group approval.  ?\nAt Dec.  31, 2008, Xcel Energy had short-term borrowings of $125.0 million on this line of credit.\nIn addition, the credit facilities were used to provide backup for $330.3 million of commercial paper outstanding and $23.0 million of letters of credit.\nA reconciliation of the beginning and ending aggregate carrying amounts of Xcel Energys AROs is shown in the table below for the 12 months ended Dec.  31, 2008 and Dec.  31, 2007, respectively"}
{"_id": "d86887068", "title": "", "text": "| Unrecognized Tax Benefits 2013 2012 2011 | Balance at beginning of year | Additions for tax positions of the current year | Additions for tax positions of prior years | Reductions for tax positions of prior years | Settlements | Statute of limitations expiration | Foreign currency translation | Balance at End of Year |"}
{"_id": "d89504adc", "title": "", "text": "| Year Ended December 31, 2013 to 2014 % Change 2012 to 2013 % Change | 2014 | (in thousands) | Research and development | Research and development as a percentage of revenue |"}
{"_id": "d86b3c51a", "title": "", "text": "| Name Date of   Issuance Number of   Shares Price   per Share Administrative   Fee Total Purchase Price | David S. Haffner | 11/20/08 | 2/09/09 | 2/10/09 | 2/12/09 | 2/17/09 | 2/18/09 | 2/20/09 | 2/23/09 | Totals | Jack D. Crusa |"}
{"_id": "d8e0085ec", "title": "", "text": "| (Dollars in millions) 2008 2007 | Net interest income-1 | As reported | Impact of market-based net interest income-2 | Core net interest income | Impact of securitizations-3 | Core net interest income – managed basis | Average earning assets | As reported | Impact of market-based earning assets-2 | Core average earning assets | Impact of securitizations-4 | Core average earning assets – managed basis | Net interest yield contribution-1 | As reported | Impact of market-based activities-2 | Core net interest yield on earning assets | Impact of securitizations | Core net interest yield on earning assets – managed basis |"}
{"_id": "d86a90134", "title": "", "text": "1.\nWeighted average interest rate after giving effect to fair value hedges used to convert these fixed-rate obligations into floating-rate obligations.\nSee Note 7 for further information about hedging activities.\nSee below for information about interest rates on junior subordinated debt.2.\nPar amount and carrying amount of subordinated debt issued by Group Inc.  was $13.85 billion and $16.80 billion, respectively, as of December 2012, and $13.75 billion and $16.80 billion, respectively, as of December 2011.\nJunior Subordinated Debt Junior Subordinated Debt Issued to APEX Trusts.\nIn 2007, Group Inc.  issued a total of $2.25 billion of remarketable junior subordinated debt to Goldman Sachs Capital II and Goldman Sachs Capital III (APEX Trusts), Delaware statutory trusts.\nThe APEX Trusts issued $2.25 billion of guaranteed perpetual Normal Automatic Preferred Enhanced Capital Securities (APEX) to third parties and a de minimis amount of common securities to Group Inc.  Group Inc.  also entered into contracts with the APEX Trusts to sell $2.25 billion of Group Inc.  perpetual non-cumulative preferred stock (the stock purchase contracts).\nSee Note 19 for more information about the preferred stock that Group Inc.  has issued in connection with the stock purchase contracts.\nThe firm accounted for the stock purchase contracts as equity instruments and, accordingly, recorded the cost of the stock purchase contracts as a reduction to additional paid-in capital.\nDuring the first quarter of 2012, pursuant to a remarketing provided for by the initial terms of the junior subordinated debt, Goldman Sachs Capital II sold all of its $1.75 billion of junior subordinated debt to Murray Street Investment Trust I (Murray Street Trust), a new trust sponsored by the firm.\nOn June 1, 2012, pursuant to the stock purchase contracts, Goldman Sachs Capital II used the proceeds of this sale to purchase shares of Group Inc. s Perpetual Non-Cumulative Preferred Stock, Series E (Series E Preferred Stock).\nDuring the third quarter of 2012, pursuant to a remarketing provided for by the initial terms of the junior subordinated debt, Goldman Sachs Capital III sold all of its $500 million of junior subordinated debt to Vesey Street Investment Trust I (Vesey Street Trust), a new trust sponsored by the firm.\nOn September 4, 2012, pursuant to the stock purchase contracts, Goldman Sachs Capital III used the proceeds of this sale to purchase shares of Group Inc. s Perpetual Non-Cumulative Preferred Stock, Series F (Series F Preferred Stock).\nIn connection with the remarketing of the junior subordinated debt to the Murray Street Trust and Vesey Street Trust (together, the 2012 Trusts), pursuant to the terms of the junior subordinated debt, the interest rate and other terms were modified.\nFollowing such sales, the firm pays interest semi-annually on the $1.75 billion of junior subordinated debt held by the Murray Street Trust at a fixed annual rate of 4.647% and the debt matures on March 9, 2017 and on the $500 million of junior subordinated debt held by the Vesey Street Trust at a fixed annual rate of 4.404% and the debt matures on September 1, 2016.\nTo fund the purchase of the junior subordinated debt, the 2012 Trusts issued an aggregate of $2.25 billion of senior guaranteed trust securities.\nThe 2012 Trusts are required to pay distributions on their senior guaranteed trust securities in the same amounts and on the same dates that they are scheduled to receive interest on the junior subordinated debt they hold, and are required to redeem their respective senior guaranteed trust securities upon the maturity or earlier redemption of the junior subordinated debt they hold.\nGroup Inc.  fully and unconditionally guarantees the payment of these distribution and redemption amounts when due on a senior basis and, as such, the $2.25 billion of junior subordinated debt held by the 2012 Trusts for the benefit of investors is no longer classified as junior subordinated debt."}
{"_id": "d86875ade", "title": "", "text": "Commitments to extend credit generally have fixed expiration dates, are variable-rate, and contain clauses that permit Huntington to terminate or otherwise renegotiate the contracts in the event of a significant deterioration in the customer’s credit quality.\nThese arrangements normally require the payment of a fee by the customer, the pricing of which is based on prevailing market conditions, credit quality, probability of funding, and other relevant factors.\nSince many of these commitments are expected to expire without being drawn upon, the contract amounts are not necessarily indicative of future cash requirements.\nThe interest rate risk arising from these financial instruments is insignificant as a result of their predominantly short-term, variable-rate nature.\nStandby letters-of-credit are conditional commitments issued to guarantee the performance of a borrower to a third party.\nThese guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing, and similar transactions.\nMost of these arrangements mature within two years.\nThe carrying amount of deferred revenue associated with these guarantees was $1.4 million and $1.6 million at December 31, 2012 and 2011, respectively.\nThrough the Company’s credit process, Huntington monitors the credit risks of outstanding standby letters-of-credit.\nWhen it is probable that a standby letter-of-credit will be drawn and not repaid in full, losses are recognized in the provision for credit losses.\nAt December 31, 2012, Huntington had $515 million of standby letters-of-credit outstanding, of which 80% were collateralized.\nIncluded in this $515 million total are letters-of-credit issued by the Bank that support securities that were issued by customers and remarketed by The Huntington Investment Company, the Company’s broker-dealer subsidiary.\nHuntington uses an internal loan grading system to assess an estimate of loss on its loan and lease portfolio.\nThe same loan grading system is used to help monitor credit risk associated with standby letters-of-credit.\nUnder this risk rating system as of December 31, 2012, approximately $93 million of the standby letters-of-credit were rated strong with sufficient asset quality, liquidity, and good debt capacity and coverage, approximately $393 million were rated average with acceptable asset quality, liquidity, and modest debt capacity; and approximately $29 million were rated substandard with negative financial trends, structural weaknesses, operating difficulties, and higher leverage.\nCommercial letters-of-credit represent short-term, self-liquidating instruments that facilitate customer trade transactions and generally have maturities of no longer than 90 days.\nCommitments to sell loans Huntington enters into forward contracts relating to its mortgage banking business to hedge the exposures from commitments to make new residential mortgage loans with existing customers and from mortgage loans classified as loans held for sale.\nAt December 31, 2012 and 2011, Huntington had commitments to sell residential real estate loans of $849.8 million and $629.0 million, respectively.\nThese contracts mature in less than one year."}
{"_id": "d87bac4fe", "title": "", "text": "NOTE 3 INDUSTRY SEGMENT INFORMATION Financial information by industry segment and geographic area for 2009, 2008 and 2007 is presented on pages 47 and 48.\nEffective January 1, 2008, the Company changed its method of allocating corporate overhead expenses to its business segments to increase the expense amounts allocated to these businesses in reports reviewed by its chief executive officer to facilitate performance comparisons with other companies.\nAccordingly, the Company has revised its presentation of industry segment operating profit to reflect this change in allocation method, and has adjusted all comparative prior period information on this basis."}
{"_id": "d869a26fa", "title": "", "text": "| Asset retirement liability as of September 27, 2003 $7.2 | Additional asset retirement obligations recognized | Accretion recognized | Asset retirement liability as of September 25, 2004 | Additional asset retirement obligations recognized | Accretion recognized | Asset retirement liability as of September 24, 2005 |"}
{"_id": "d8e39a2a0", "title": "", "text": "| Location Operations Conducted ApproximateSquare Feet LeaseExpirationDates | New Haven, Connecticut | Dublin, Ireland | Athlone, Ireland | Lexington, Massachusetts | Bogart, Georgia | Smithfield, Rhode Island | Zurich, Switzerland |"}
{"_id": "d875d89e2", "title": "", "text": "The completion factor method is used for the months of incurred claims prior to the most recent three months because the historical percentage of claims processed for those months is at a level sufficient to produce a consistently reliable result.\nConversely, for the most recent three months of incurred claims, the volume of claims processed historically is not at a level sufficient to produce a reliable result, which therefore requires us to examine historical trend patterns as the primary method of evaluation.\nChanges in claim processes, including receipt cycle times, claim inventory levels, recoveries of overpayments, outsourcing, system conversions, and processing disruptions due to weather or other events affect views regarding the reasonable choice of completion factors.\nThe receipt cycle time measures the average length of time between when a medical claim was initially incurred and when the claim form was received.\nIncreased electronic claim submissions from providers have decreased the receipt cycle time over the last few years.\nFor example, the average receipt cycle time has decreased from 15.9 days in 2006 to 15.0 days in 2008 which represents a 6.0% reduction in cycle time over the three year period.\nIf claims are submitted or processed on a faster (slower) pace than prior periods, the actual claim may be more (less) complete than originally estimated using our completion factors, which may result in reserves that are higher (lower) than required.\nMedical cost trends potentially are more volatile than other segments of the economy.\nThe drivers of medical cost trends include increases in the utilization of hospital facilities, physician services, prescription drugs, and new medical technologies, as well as the inflationary effect on the cost per unit of each of these expense components.\nOther external factors such as government-mandated benefits or other regulatory changes, increases in medical services capacity, direct to consumer advertising for prescription drugs and medical services, an aging population, catastrophes, and epidemics also may impact medical cost trends.\nInternal factors such as system conversions, claims processing cycle times, changes in medical management practices and changes in provider contracts also may impact our ability to accurately predict estimates of historical completion factors or medical cost trends.\nAll of these factors are considered in estimating IBNR and in estimating the per member per month claims trend for purposes of determining the reserve for the most recent three months.\nAdditionally, we continually prepare and review follow-up studies to assess the reasonableness of the estimates generated by our process and methods over time.\nThe results of these studies are also considered in determining the reserve for the most recent three months.\nEach of these factors requires significant judgment by management.\nThe completion and claims per member per month trend factors are the most significant factors impacting the IBNR estimate.\nThe portion of IBNR estimated using completion factors for claims incurred prior to the most recent three months is less variable than the portion of IBNR estimated using trend factors."}
{"_id": "d89151b10", "title": "", "text": "ASSETS MEASURED AND RECORDED AT FAIR VALUE ON A NON-RECURRING BASIS Our non-marketable equity securities, equity method investments, and certain non-financial assets, such as intangible assets and property, plant and equipment, are recorded at fair value only if an impairment or observable price adjustment is recognized in the current period.\nIf an impairment or observable price adjustment is recognized on our non-marketable equity securities during the period, we classify these assets as Level 3 within the fair value hierarchy based on the nature of the fair value inputs.\nWe classified non-marketable equity securities and non-marketable equity method investments as Level 3.\nImpairments recognized on these investments held as of December 29, 2018 were $416 million ($537 million held as of December 30, 2017 and $153 million held as of December 31, 2016)."}
{"_id": "d88a4a1e6", "title": "", "text": "2012 COMPARED TO 2011 Price increases in the segment contributed 0.5% to sales growth on a year-over-year basis during 2012 as compared to 2011 and are reflected as a component of the change in sales from existing businesses.\nSales in the segment's instrument businesses declined at a high-single digit rate during 2012 as compared to 2011, as lower demand for most product categories more than offset modest sales increases of service solutions.\nInstrument demand was weak in all major geographies although the North American market showed improvement in the fourth quarter of 2012 compared to the results reported during the first nine months of 2012.\nEurope and Japan continued to remain weak in the fourth quarter of 2012.\nSales in the segment's communications businesses grew at a high-single digit rate during 2012 compared to 2011 with strong growth in North America and Western Europe in the first six months of 2012 moderating in the second half of 2012 due primarily to project timing and difficult prior year comparisons.\nDemand for network management solutions and, to a lesser extent, core network enterprise solutions drove the 2012 growth.\nOperating profit margins declined 150 basis points during 2012 as compared to 2011.\nYear-over-year operating profit margin comparisons were adversely impacted by 120 basis points as lower instrument sales volumes and incremental year-over-year costs associated with various sales, marketing and product development growth investments more than offset the favorable impacts of increased sales volumes of higher operating profit margin communication business products and incremental yearover-year cost savings associated with ongoing productivity improvement initiatives, including the restructuring actions taken in 2012 and 2011.\nThe incremental net dilutive effect of acquired businesses adversely impacted year-over-year operating profit margin comparisons by 30 basis points."}
{"_id": "d877e0bae", "title": "", "text": "| Year Ended December 31 2005 2004 Restated(a) 2003 Restated(a) 2002 Restated(a) 2001 Restated(a) | (In millions, except per share data) | Results of Operations: | Revenues | Income (loss) before taxes and minority | interest | Income (loss) from continuing operations | Discontinued operations, net | Cumulative effect of changes in | accounting principles, net | Net income (loss) | Income (loss) attributable to: | Loews common stock: | Income (loss) from continuing | operations | Discontinued operations, net | Cumulative effect of changes in | accounting principles, net | Loews common stock | Carolina Group stock | Net income (loss) | Diluted Income (Loss) Per Share: | Loews common stock: | Income (loss) from continuing operations | Discontinued operations, net | Cumulative effect of changes in | accounting principles, net | Net income (loss) | Carolina Group stock | Financial Position: | Investments | Total assets | Debt | Shareholders’ equity | Cash dividends per share: | Loews common stock | Carolina Group stock | Book value per share of Loews common | stock | Shares outstanding: | Loews common stock | Carolina Group stock |"}
{"_id": "d8d259ce8", "title": "", "text": "| Cash $69.3 | Current assets | Property, plant and equipment | Goodwill | Intangible asset | Current liabilities | Long-term liabilities | Net assets acquired | Noncontrolling interests |"}
{"_id": "d8d914b1e", "title": "", "text": "| For the Year Ended March 31, | 2016 | Net cash provided by operating activities | Net cash used for investing activities | Net cash provided by financing activities | Effect of exchange rate changes on cash | Net increase in cash and cash equivalents |"}
{"_id": "d8bc8d216", "title": "", "text": "| (Unaudited) For the Year Ended December 31, | (Dollar amounts in millions, except per share data) | Total revenue | Operating income | Net income attributable to BlackRock, Inc. | Earnings per share attributable to BlackRock, Inc. common stockholders | Basic | Diluted |"}
{"_id": "d8dba39e8", "title": "", "text": "| In millions EstimatedFair Value $536 8 109 14 26 AverageRemainingUseful Life (at acquisitiondate) 12-17 years 5-10 years Indefinite 4-7 years 2 years | Asset Class: | Total | In millions, except per share amounts | Net sales | Earnings (loss) from continuing operations (a) | Net earnings (loss) (a) | Diluted earnings (loss) from continuing operations per share (a) | Diluted net earnings (loss) per share (a) |"}
{"_id": "d8df83a0e", "title": "", "text": "| For the Year Ended December 31, | 2017 | Balance, beginning of period | Provision for credit losses | Accounts written off, net of recoveries | Balance, end of period |"}
{"_id": "d8e2262a2", "title": "", "text": "Table of Contents due to the low interest rate environment, appreciation in home values, an increasing percentage of the population purchasing homes and mortgage industry consolidation.\nWe have also experienced growth in our extended service contract and international businesses due to the acquisition of new clients as well as the expansion of our relationships with our existing clients.\nThe manufactured housing market has been more challenging because of a more restrictive lending environment with fewer lenders extending credit and increasingly strict underwriting standards being applied since the late 1990’s.\nFinally, the domestic consumer credit insurance market has been contracting due to an adverse regulatory environment; however, this decline has been offset somewhat by growth in the debt protection market.\nThis adverse regulatory environment has included, in the last few years, many state regulatory interpretations that impose rigorous agent licensing requirements for employees of lenders who offer credit insurance products as well as federal legislation which dissuades, and various state laws that either dissuade or prohibit, financial institutions from financing single premium credit or other credit insurance on consumer or home loans secured by real estate.\nIn Assurant Solutions, we provide specialty property and consumer protection products and services.\nIn our specialty property solutions division, our strategy is to further develop our creditor-placed homeowners and manufactured housing homeowners insurance products and related services in order to maintain our leadership position or relationships with clients who are leaders and to gain market share in the mortgage and manufactured housing industries, as well as to develop our renters’ insurance product line.\nRenters’ insurance generally provides coverage for the contents of a renter’s home or apartment and for liability.\nIn our consumer protection solutions division, we intend to continue to focus on being a low-cost provider of debt protection administration services, to leverage our administrative infrastructure with our large customer base clients and to manage the switch from credit insurance programs to debt protection programs in the United States.\nIn addition, our consumer protection solutions division offers a variety of warranties and extended service contracts on consumer electronics, personal computers, appliances and vehicles."}
{"_id": "d8693f2b2", "title": "", "text": "Reinsurance Receivables.\nReinsurance receivables for both paid and recoverable on unpaid losses totaled $1,348,226 thousand and $1,018,325 thousand at December 31, 2017 and 2016, respectively.\nAt December 31, 2017, $356,556 thousand, or 26.4%, was receivable from Mt.\nLogan Re collateralized segregated accounts; $153,815 thousand, or 11.4%, was receivable from Resolution Group Reinsurance (Barbados) Limited (\\\nResolution Group\\\n); $113,922 thousand, or 8.4%, was receivable from Zurich Vericherungs Gesellschaft (\\\nZurich\\\n); $98,121 thousand, or 7.3%, was receivable from C. V.  Starr (Bermuda) (\\\nC. V.  Starr\\\n); and $82,234 thousand, or 6.1%, was receivable from Munich Reinsurance America, Inc.  (\\\nMunich Re\\\n).\nThe receivables from Resolution Group and C. V.  Starr are fully collateralized by individual trust agreements.\nNo other retrocessionaire accounted for more than 5% of our receivables."}
{"_id": "d8c692c84", "title": "", "text": "| 2019 | Expected term in years | Expected volatility | Risk-free interest rate | Dividend yield |"}
{"_id": "d87cbddca", "title": "", "text": "| (in millions) CME ClearingAvailable Assets | Designated corporate contributions for futures and options-1 | Guaranty fund contributions-2 | Assessment powers-3 | Minimum Total Assets Available for Default-4 |"}
{"_id": "d8d3a9ac6", "title": "", "text": "The purchase price allocation above has been revised from that included in the Companys Form 10-Q for the period ended June 24, 2006, to decrease the net tangible asset acquired and increased the deferred income tax liability with a corresponding increase to goodwill for both.\nThe decrease to the net tangible assets primarily\nOperating income for osteoporosis assessment increased primarily due to increased revenues and, to a much lesser extent, a reduction in operating expenses.\nOur gross margin in this business segment was 44% in fiscal 2005 compared to 43% in fiscal 2004.\nThe increase in osteoporosis assessment gross margins was primarily attributable to the increase in revenues and related improved absorption of manufacturing costs.\nThe reduction in operating expenses of $337,000 was primarily attributable to reduced commissions expense, primarily related to the shift to international sales.\nOther."}
{"_id": "d86458c80", "title": "", "text": "| December 31, 2010 | Cost or Amortized Cost | Less than | 20% | (In millions, except number of securities) | Fixed Maturity Securities: | Less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Twelve months or greater | Total | Percentage of amortized cost | Equity Securities: | Less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Twelve months or greater | Total | Percentage of cost | December 31, 2009 | Cost or Amortized Cost | Less than | 20% | (In millions, except number of securities) | Fixed Maturity Securities: | Less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Twelve months or greater | Total | Percentage of amortized cost | Equity Securities: | Less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Twelve months or greater | Total | Percentage of cost |"}
{"_id": "d81da9a50", "title": "", "text": "| Assets Corporate RMBS Foreign government Mortgage loans Other [1] Totals | Fair Value as of January 1, 2016 | Realized gains (losses), net | Changes in unrealized gains (losses), net | Purchases | Settlements | Sales | Transfers into Level 3 | Transfers out of Level 3 | Fair Value as of December 31, 2016 |"}
{"_id": "d8916820c", "title": "", "text": "| Years ended December 31, | 2009 | Balance at beginning of period | Noncontrolling interest balance related to redeemable noncontrolling interests | Changes in redemption value of redeemable noncontrolling interests: | Redeemable noncontrolling interests related to current year transactions | Redemptions | Redemption value adjustments1 | Balance at end of period |"}
{"_id": "d8b781e98", "title": "", "text": "| December 31 | 2007 | (In thousands) | Loans | Commercial, financial, agricultural, etc. | Real estate: | Residential | Commercial | Construction | Consumer | Total loans | Leases | Commercial | Consumer | Total leases | Total loans and leases |"}
{"_id": "d827f3dee", "title": "", "text": "We had provided a valuation allowance related to the benefits of certain state capital loss carryforwards and state net operating losses that we believed were unlikely to be realized.\nThe valuation allowance decreased by $2.5 million during the twelve months ended July 31, 2008 as a result of the elimination of the deferred tax asset in connection with the sale of certain outsourced payroll assets.\nSee Note 7.\nThe valuation allowance decreased by $1.9 million during the twelve months ended July 31, 2007 due to utilization of $1.0 million and expired losses of $0.9 million.\nThe components of total net deferred tax assets, net of valuation allowance, as shown on our balance sheet were as follows at the dates indicated:"}
{"_id": "d8e4cc056", "title": "", "text": "Note 29  Offbalance sheet lending-related financial instruments, guarantees, and other commitments JPMorgan Chase provides lending-related financial instruments (e. g. , commitments and guarantees) to meet the financing needs of its customers.\nThe contractual amount of these financial instruments represents the maximum possible credit risk to the Firm should the counterparty draw upon the commitment or the Firm be required to fulfill its obligation under the guarantee, and should the counterparty subsequently fail to perform according to the terms of the contract.\nMost of these commitments and guarantees are refinanced, extended, cancelled, or expire without being drawn or a default occurring.\nAs a result, the total contractual amount of these instruments is not, in the Firms view, representative of its actual future credit exposure or funding requirements.\nTo provide for probable credit losses inherent in wholesale and certain consumer lending-commitments, an allowance for credit losses on lending-related commitments is maintained.\nSee Note 15 for further information regarding the allowance for credit losses on lending-related commitments.\nThe following table summarizes the contractual amounts and carrying values of off-balance sheet lending-related financial instruments, guarantees and other commitments at December 31, 2016 and 2015.\nThe amounts in the table below for credit card and home equity lending-related commitments represent the total available credit for these products.\nThe Firm has not experienced, and does not anticipate, that all available lines of credit for these products will be utilized at the same time.\nThe Firm can reduce or cancel credit card lines of credit by providing the borrower notice or, in some cases as permitted by law, without notice.\nIn addition, the Firm typically closes credit card lines when the borrower is 60 days or more past due.\nThe Firm may reduce or close HELOCs when there are significant decreases in the value of the underlying property, or when there has been a demonstrable decline in the creditworthiness of the borrower."}
{"_id": "d8f89e4d0", "title": "", "text": "| Years ended December 31, 2011 2010 2009 | Revenue | Operating income | Operating margin |"}
{"_id": "d8f6f5502", "title": "", "text": "| Year Ended December 31, | 2015 | Beginning balance, unrecognized tax benefits | Gross increases—tax positions in prior period | Gross decreases—tax positions in prior period | Gross increases—current-period tax positions | Decreases relating to settlements | Reductions as a result of lapse of statute of limitations | Foreign exchange movement | Ending balance, unrecognized tax benefits |"}
{"_id": "d8a266dd8", "title": "", "text": "| % of Net Sales | 2010 - 2012 | $0 to $400 million | $400 million to $600 million | $600 million to $800 million | $800 million to $1.0 billion | In excess of $1.0 billion |"}
{"_id": "d88cc7e14", "title": "", "text": "beginning on page 73, address in more detail the specific procedures, measures and analyses of the major categories of risk that we manage.\nStrategic Risk Management The Board provides oversight for strategic risk through the CEO and the Finance Committee.\nWe use an integrated business planning process to help manage strategic risk.\nA key component of the planning process aligns strategies, goals, tactics and resources.\nThe process begins with an assessment that creates a plan for the Corporation, setting the corporate strategic direction.\nThe planning process then cascades through the business units, creating business unit plans that are aligned with the Corporations direction.\nTactics and metrics are monitored to ensure adherence to the plans.\nAs part of this monitoring, business units perform a quarterly self-assessment further described in the Operational Risk Management section beginning on page 73.\nThis assessment looks at changing market and business conditions, and the overall risk in meeting objectives.\nCorporate Audit in turn monitors, and independently reviews and evaluates, the plans and self-assessments.\nOne of the key tools for managing strategic risk is capital allocation.\nThrough allocating capital, we effectively manage each business segments ability to take on risk.\nReview and approval of business plans incorporates approval of capital allocation, and economic capital usage is monitored through financial and risk reporting."}
{"_id": "d8a97f7fa", "title": "", "text": "| (in millions) Phosphates Potash Total | Balance as of May 31, 2013 | Foreign currency translation | Reallocation of goodwill to assets held for sale | Balance at December 31, 2013 | Foreign currency translation | Goodwill acquired in ADM acquisition | Reallocation of goodwill to assets held for sale | Balance as of December 31, 2014 | Year ended December 31 | Dollars in millions | Noninterest income | Asset management | Consumer services | Corporate services | Residential mortgage | Service charges on deposits | Other | Total noninterest income | Year Ended December 31, | 2013 | (in thousands) | Research and development | Research and development as a percentage of revenue | Year Ended December 31, | 2013 | (in thousands) | Sales and marketing | Sales and marketing as a percentage of revenue |"}
{"_id": "d8ca47dde", "title": "", "text": "Subsidiary Capital Requirements Many of our subsidiaries, including GS Bank USA and our broker-dealer subsidiaries, are subject to separate regulation and capital requirements of the jurisdictions in which they operate.\nGS Bank USA.\nGS Bank USA is subject to regulatory capital requirements that are calculated in substantially the same manner as those applicable to BHCs and calculates its capital ratios in accordance with the risk-based capital and leverage requirements applicable to state member banks, which are based on the Capital Framework.\nSee Note 20 to the consolidated financial statements for further information about the Capital Framework as it relates to GS Bank USA, including GS Bank USAs capital ratios and required minimum ratios."}
{"_id": "d87818054", "title": "", "text": "BUSINESS SEGMENTS REVIEW In the first quarter of 2009, we made changes to our business organization structure and management reporting in conjunction with the acquisition of National City.\nBusiness segment results for 2008 have been reclassified to reflect current methodologies and current business and management structure and to present prior periods on the same basis.\nAs a result of its pending sale, GIS is no longer a reportable business segment.\nResults for 2009 for all of our business segments except BlackRock include revenues and expenses associated with businesses acquired with National City.\nBusiness segment results, including inter-segment revenues, and a description of each business are included in Note 27 Segment Reporting included in the Notes To Consolidated Financial Statements of this Report.\nCertain revenue and expense amounts included in this Item 7 differ from the amounts shown in Note 27 primarily due to the presentation in this Item 7 of business net interest revenue on a taxableequivalent basis.\nResults of individual businesses are presented based on our management accounting practices and management structure.\nThere is no comprehensive, authoritative body of guidance for management accounting equivalent to GAAP; therefore, the financial results of our individual businesses are not necessarily comparable with similar information for any other company.\nWe refine our methodologies from time to time as our management accounting practices are enhanced and our businesses and management structure change.\nWe typically update key cost allocation components annually.\nCertain prior period amounts have been reclassified to reflect current methodologies and our current business and management structure.\nFinancial results are presented, to the extent practicable, as if each business operated on a stand-alone basis.\nWe have aggregated the business results for certain similar operating segments for financial reporting purposes.\nAssets receive a funding charge and liabilities and capital receive a funding credit based on a transfer pricing methodology that incorporates product maturities, duration and other factors.\nCapital is intended to cover unexpected losses and is assigned to the banking and servicing businesses using our risk-based economic capital model.\nWe have assigned capital equal to 6% of funds to Retail Banking to approximate market comparables for this business.\nWe have allocated the allowances for loan and lease losses and unfunded loan commitments and letters of credit based on our assessment of risk inherent in the business segment loan portfolios.\nOur allocation of the costs incurred by operations and other shared support areas not directly aligned with the businesses is primarily based on the use of services.\nTotal business segment financial results differ from consolidated results from continuing operations.\nThe impact of these differences is reflected in the Other category.\nOther for purposes of this Business Segments Review and the Business Segment Highlights in the Executive Summary includes residual activities that do not meet the criteria for disclosure as a separate reportable business, such as gains or losses related to BlackRock transactions including LTIP share distributions and obligations, earnings and gains related to Hilliard Lyons for the first quarter of 2008, integration costs, asset and liability management activities including net securities gains or losses and certain trading activities, exited businesses, equity management activities, tax credit investments, alternative investments, intercompany eliminations, most corporate overhead, and differences between business segment performance reporting and financial statement reporting (GAAP), including the presentation of net income attributable to noncontrolling interests.\nPeriod-end Employees"}
{"_id": "d8f5d5c76", "title": "", "text": "Derivatives qualifying as guarantees In addition to the contracts described above, the Firm transacts certain derivative contracts that meet the characteristics of a guarantee under U. S.  GAAP.\nThese contracts include written put options that require the Firm to purchase assets upon exercise by the option holder at a specified price by a specified date in the future.\nThe Firm may enter into written put option contracts in order to meet client needs, or for trading purposes.\nThe terms of written put options are typically five years or less.\nDerivative guarantees also include contracts such as stable value derivatives that require the Firm to make a payment of the difference between the market value and the book value of a counterpartys reference portfolio of assets in the event that market value is less than book value and certain other conditions have been met.\nStable value derivatives, commonly referred to as stable value wraps, are transacted in order to allow investors to realize investment returns with less volatility than an unprotected portfolio and are typically longer-term or may have no stated maturity, but allow the Firm to terminate the contract under certain conditions.\nDerivative guarantees are recorded on the Consolidated Balance Sheets at fair value in trading assets and trading liabilities.\nThe total notional amount of the derivatives that the Firm deems to be guarantees was $87.8 billion and $98.1 billion at December 31, 2010 and 2009, respectively.\nThe notional amount generally represents the Firms maximum exposure to derivatives qualifying as guarantees.\nHowever, exposure to certain stable value derivatives is contractually limited to a substantially lower percentage of the notional amount; the notional amount on these stable value contracts was $25.9 billion and $24.9 billion and the maximum exposure to loss was $2.7 billion and $2.5 billion, at December 31, 2010 and 2009, respectively.\nThe fair values of the contracts reflects the probability of whether the Firm will be required to perform under the contract.\nThe fair value related to derivative guarantees were derivative payables of $390 million and $974 million and derivative receivables of $96 million and $78 million at"}
{"_id": "d81114650", "title": "", "text": "Year ended September 30, 2009 Compared with the Year ended September 30, 2008 - Proprietary Capital Proprietary Capital results are driven by the valuations within Raymond James Capital Partners, L. P. , the EIF Funds, the valuations of our direct merchant banking investments and our investments in third-party private equity funds.\nDuring fiscal 2009, our direct merchant banking investments and Raymond James Capital Partners L. P.  portfolio increased in value by $2.4 million and $12.1 million, respectively, while the RJF private equity investment and EIF Funds portfolio decreased by $2.8 million.\nSince we do not own 100% of all of the investments held in this segment, $8.1 million of the net income is attributable to other investors."}
{"_id": "d86e58280", "title": "", "text": "| 2002 2001 | Credit Facility | Uncommitted credit facilities | Total debt |"}
{"_id": "d8957e56c", "title": "", "text": "| Payments Due By Period(a) | ($ in millions) | Long-term debt | Capital lease obligations | Interest payments on long-term debt(b) | Operating leases | Purchase obligations(c) | Total payments on contractual obligations |"}
{"_id": "d8c2f10ee", "title": "", "text": "CC&V, USA.\nGold production decreased 20% primarily due to lower ore grades mined and lower leach tons placed at Valley Leach Fill 2.\nCosts applicable to sales per ounce increased 17% primarily due to lower ounces sold.\nDepreciation and amortization per ounce decreased 15% primarily due to lower amortization rates.\nAll-in sustaining costs per ounce increased 16% primarily due to higher costs applicable to sales per ounce."}
{"_id": "d87e6be2e", "title": "", "text": "Management’s discussion and analysis 164 JPMorgan Chase & Co. /2013 Annual Report Firm) is required to hold more than the additional 2.5% of Tier 1 common.\nIn addition, Basel III establishes a 6.5% Tier I common equity standard for the definition of “well capitalized” under the Prompt Corrective Action (“PCA”) requirements of the FDIC Improvement Act (“FDICIA”).\nThe Tier I common equity standard is effective from the first quarter of 2015.\nThe following chart presents the Basel III minimum risk-based capital ratios during the transitional periods and on a fully phased-in basis.\nThe chart also includes management’s target for the Firm’s Tier 1 common ratio.\nIt is the Firm’s current expectation that its Basel III Tier 1 common ratio will exceed the regulatory minimums, both during the transition period and upon full implementation in 2019 and thereafter.\nThe Firm estimates that its Tier 1 common ratio under the Basel III Advanced Approach on a fully phased-in basis would be 9.5% as of December 31, 2013, achieving management’s previously stated objectives.\nThe Tier 1 common ratio as calculated under the Basel III Standardized Approach is estimated at 9.4% as of December 31, 2013.\nThe Tier 1 common ratio under both Basel I and Basel III are non-GAAP financial measures.\nHowever, such measures are used by bank regulators, investors and analysts to assess the Firm’s capital position and to compare the Firm’s capital to that of other financial services companies."}
{"_id": "d878b7ec4", "title": "", "text": "| 2012 2011 2010 | Rent expense | Less: sublease income | Net rent expense |"}
{"_id": "d8f35fb4a", "title": "", "text": "| For the years ended December 31, 2008, 2007, and 2006(in millions of U.S. dollars) Direct Amount Ceded To Other Companies Assumed From Other Companies Net Amount Percentage of Amount Assumed to Net | 2008 | 2007 | 2006 |"}
{"_id": "d8b86597c", "title": "", "text": "| December 31, | Company/Index | O’Reilly Automotive, Inc. | S&P 500 Retail Index | S&P 500 |"}
{"_id": "d8600bb3c", "title": "", "text": "| Developed Undeveloped Developed andUndeveloped | (Thousands of acres) | United States | Europe | Africa | Other International | WORLDWIDE | (Thousands of barrels per day) | Net bitumen production(b) | Net synthetic crude sales |"}
{"_id": "d87876c44", "title": "", "text": "| Owned Leased | United States | Canada | Europe | Rest of World |"}
{"_id": "d889fef3e", "title": "", "text": "Revenues in 2007 grew by $4,857 million, primarily due to the growth at Commercial Airplanes.\nCommercial Airplanes revenues increased by $4,921 million, primarily due to higher new airplane deliveries and increased commercial aviation support activities.\nIDS revenues decreased by $359 million, primarily due to lower revenues in N&SS resulting from the formation of the United Launch Alliance (ULA) joint venture in 2006 and lower revenues in BMA, offset by growth in GS&S.\nBCC revenues decreased by $210 million primarily due to a decrease in the customer financing portfolio.\nUnallocated items and eliminations changed by $524 million primarily due to fewer Commercial Airplanes intercompany deliveries when compared with 2006."}
{"_id": "d80f0a882", "title": "", "text": "| 2009 2008 | (In Millions) | less than 1 year | 1 year - 5 years | 5 years - 10 years | 10 years - 15 years | 15 years - 20 years | 20 years+ | Total |"}
{"_id": "d8c4c9ba0", "title": "", "text": "| % of Income Before Income Taxes | 2010 | Federal statutory rate | State taxes, net of federal tax benefit | Change in valuation allowance | Impact of foreign earnings, net(b) | Effect of net income attributable to noncontrolling interests | Loss on investment in foreign operations | Effect of completing domestic audits | Depletion | Revaluation of unrecognized tax benefits/reserve requirements | Manufacturer tax deduction | Other items, net | Effective income tax rate |"}
{"_id": "d8e83c72c", "title": "", "text": "‰ Refined Coal Investment Tax Credits — Our refined coal facility investment and the resulting credits reduced our provision for income taxes by $17 million for the year ended December 31, 2011.\nRefer to Note 9 to the Consolidated Financial Statements for more information related to our refined coal investment.\nOur acquisition of Oakleaf did not materially impact our provision for income taxes or the effective income tax rate for the period ended December 31, 2011.\nWe did receive, as part of the acquisition, income tax attributes (primarily federal and state net operating losses).\nWhile these tax attributes, when realized, will not affect our overall provision for income taxes, they will have a favorable impact on our cash taxes, although we do not anticipate the impact to be material to our overall cash flow from operations.\nWe expect our 2012 recurring effective tax rate will be approximately 35.5% based on expected income levels, projected federal tax credits and other permanent items.\nThe Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act, signed into law on December 17, 2010, included an extension of the bonus depreciation allowance through the end of 2012 and increased the amount of qualifying capital expenditures that can be depreciated immediately from 50% to 100%.\nThe 100% depreciation deduction applies to qualifying property placed in service from September 8, 2010 through December 31, 2011.\nThe acceleration of deductions on 2011 capital expenditures resulting from the bonus depreciation provision had no impact on our 2011 effective tax rate.\nHowever, the ability to accelerate depreciation deductions decreased our 2011 cash taxes by approximately $190 million.\nTaking the accelerated tax depreciation will result in increased cash taxes in future periods when the deductions for these capital expenditures would have otherwise been taken.\nNoncontrolling Interests Net income attributable to noncontrolling interests was $48 million in 2011, $49 million in 2010 and $66 million in 2009.\nThese amounts are principally related to third parties’ equity interests in two limited liability companies that own three waste-to-energy facilities operated by our Wheelabrator Group.\nThe comparison of these amounts for the reported periods has been affected by (i) our January 2010 acquisition of a controlling financial interest in a portable self-storage business and (ii) the deconsolidation of certain final capping, closure, post-closure and environmental remediation trusts as a result of our implementation of authoritative accounting guidance, effective January 1, 2010, associated with variable interest entities.\nRefer to Note 20 to the Consolidated Financial Statements for information related to the consolidation of these variable interest entities.\nLandfill and Environmental Remediation Discussion and Analysis We owned or operated 266 solid waste and five secure hazardous waste landfills at December 31, 2011 and 2010.\nAt December 31, 2011 and 2010, the expected remaining capacity, in cubic yards and tonnage of waste that can be accepted at our owned or operated landfills, is shown below (in millions):"}
{"_id": "d8c803f6e", "title": "", "text": "The various agreements entered into in connection with these transactions provide that International Paper has, and intends to effect, a legal right to offset its obligation under these debt instruments with its investments in the Entities.\nAccordingly, for financial reporting purposes, International Paper has offset approximately $5.2 billion of Class B interests in the Entities against $5.3 billion of International Paper debt obligations held by these Entities at December 31, 2014 and 2013.\nDespite the offset treatment, these remain debt obligations of International Paper.\nRemaining borrowings of $50 million and $67 million at December 31, 2014 and 2013, respectively, are included in floating rate notes due 2014  2019 in the summary of long-term debt in Note 13.\nAdditional debt related to the above transaction of $107 million and $79 million is included in short-term notes in the summary of long-term debt in Note 13 at December 31, 2014 and 2013.\nThe use of the above entities facilitated the monetization of the credit enhanced Timber Notes in a cost effective manner by increasing the borrowing capacity and lowering the interest rate, while providing for the offset accounting treatment described above.\nAdditionally, the monetization structure preserved the tax deferral that resulted from the 2006 forestlands sales.\nThe Company recognized a $1.4 billion deferred tax liability in connection with the 2006 forestlands sale, which will be settled with the maturity of the Timber Notes in the third quarter of 2016 (unless extended).\nDuring 2011 and 2012, the credit ratings for two letter of credit banks that support $1.5 billion of Timber Notes were downgraded below the specified threshold.\nThese letters of credit were successfully replaced by other qualifying institutions.\nFees of $10 million were incurred during 2012 in connection with these replacements.\nDuring 2012, an additional letter of credit bank that supports $707 million of Timber Notes was downgraded below the specified threshold.\nIn December 2012, the Company and the third-party managing member agreed to a continuing replacement waiver for these letters of credit, terminable upon 30 days notice."}
{"_id": "d827f3c0e", "title": "", "text": "Industrial Participation Agreements We have entered into various industrial participation agreements with certain customers outside of the U. S.  to facilitate economic flow back and/or technology or skills transfer to their businesses or government agencies as the result of their procurement of goods and/or services from us.\nThese commitments may be satisfied by our local operations there, placement of direct work or vendor orders for supplies, opportunities to bid on supply contracts, transfer of technology or other forms of assistance.\nHowever, in certain cases, our commitments may be satisfied through other parties (such as our vendors) who purchase supplies from our non-U.\nS.  customers.\nIn certain cases, penalties could be imposed if we do not meet our industrial participation commitments.\nDuring 2017, we incurred no such penalties.\nAs of December 31, 2017, we have outstanding industrial participation agreements totaling $17.9 billion that extend through 2030.\nPurchase order commitments associated with industrial participation agreements are included in purchase obligations in the table above.\nTo be eligible for such a purchase order commitment from us, a non-U.\nS.  supplier must have sufficient capability to meet our requirements and must be competitive in cost, quality and schedule.\nCommercial Commitments The following table summarizes our commercial commitments outstanding as of December 31, 2017."}
{"_id": "d8749dc94", "title": "", "text": "| Year Ended December 31 2010 2011 2012 | Nuclear-powered submarines | Surface combatants | Auxiliary and commercial ships | Repair and other services | Total Marine Systems |"}
{"_id": "d87574ba4", "title": "", "text": "| 52-weeks ended December 27, 2008 52-weeks ended December 29, 2007 Year over Year | Net Sales | Outdoor/Fitness | Marine | Automotive/Mobile | Aviation | Total |"}
{"_id": "d8c1617a6", "title": "", "text": "| (in millions, except per share data) 2014 2013 2012 2011 2010 5-Year CAGR-4 | Total revenue | Operating income | Operating margin | Nonoperating income (expense)(1) | Net income attributable to BlackRock, Inc. | Diluted earnings per common share | (in millions, except per share data) | As adjusted-2: | Operating income | Operating margin-2 | Nonoperating income (expense)(1) | Net income attributable to BlackRock, Inc.-3 | Diluted earnings per common share-3 |"}
{"_id": "d8aeee01a", "title": "", "text": "| High Low Dividends | 2010 | First quarter | Second quarter | Third quarter | Fourth quarter | 2009 | First quarter | Second quarter | Third quarter | Fourth quarter | Period | January 1, 2010 — January 31, 2010 | February 1, 2010 — February 28, 2010 | March 1, 2010 — March 31, 2010 | April 1, 2010 — April 30, 2010 | May 1, 2010 — May 31, 2010 | June 1, 2010 — June 30, 2010 | July 1, 2010 — July 31, 2010 | August 1, 2010 — August 31, 2010 | September 1, 2010 — September 30, 2010 | October 1, 2010 — October 31, 2010 | November 1, 2010 — November 30, 2010 | December 1, 2010 — December 31, 2010 | Total |"}
{"_id": "d89a2573c", "title": "", "text": "AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) periods, employees purchased 53,210, 50,119 and 85,750 shares, respectively, at weighted average prices per share of $24.98, $15.32 and $10.64, respectively.\nThe fair value of the ESPP offerings is estimated on the offering period commencement date using a Black-Scholes pricing model with the expense recognized over the expected life, which is the six month offering period over which employees accumulate payroll deductions to purchase the Company’s Class A common stock.\nThe fair value for the ESPP shares purchased during the June 2006, December 2005, June 2005 and December 2004 offering periods was $7.29, $6.37, $4.13 and $6.12, respectively.\nAt December 31, 2006, 3,944,288 shares remain reserved for future issuance under the plan.\nKey assumptions used to apply this pricing model are as follows:"}
{"_id": "d81b3616a", "title": "", "text": "DUKE ENERGY CORPORATION· DUKE ENERGY CAROLINAS, LLC· PROGRESS ENERGY INC. · DUKE ENERGY PROGRESS, LLC· DUKE ENERGY FLORIDA, LLC· DUKE ENERGY OHIO, INC. · DUKE ENERGY INDIANA, LLC· PIEDMONT NATURAL GAS COMPANY, INC.\nCombined Notes to Consolidated Financial Statements – (Continued) 25.\nQUARTERLY FINANCIAL DATA (UNAUDITED) DUKE ENERGY Quarterly EPS amounts may not sum to the full-year total due to changes in the weighted average number of common shares outstanding and rounding."}
{"_id": "d8776306e", "title": "", "text": "| Twelve Months Ended December 31, Change | 2018 vs. 2017 | Operating Revenue | (In millions) | U.S. Information Solutions | International | Workforce Solutions | Global Consumer Solutions | Consolidated operating revenue |"}
{"_id": "d896d2f44", "title": "", "text": "| Payments Due by Period | (In millions) | Contractual Obligations | Restricted cash | Short-term notes payable | Long-term debt | Operating leases | Other obligations | Total contractual cash obligations |"}
{"_id": "d8b3a6a76", "title": "", "text": "| 2004 2003 2002 | Cash flows from operating activities before securities trading (a) | Items included in operating-related cash flow | Capital expenditures | Net transactions between Automotive and Financial Services sectors (b) | Other, primarily exclusion of cash flow from short-term VEBA contribution/(draw-down) | Operating-related cash flows |"}
{"_id": "d8a2da198", "title": "", "text": "Total revenue for the year ended December 31, 2008 increased $219 million, or 5%, to $5,064 million, compared with $4,845 million for the year ended December 31, 2007.\nThe $219 million increase was primarily the result of a $208 million increase in BlackRock Solutions and advisory revenue and a $49 million increase in total investment advisory and administration fees, partially offset by a $54 million decrease in other revenue.\nInvestment Advisory and Administration Fees The increase in investment advisory and administration fees of $49 million, or 1%, was the result of an increase in investment advisory and administration base fees of $222 million, or 6%, to $4,232 million for the year ended December 31, 2008, compared with $4,010 million for the year ended December 31, 2007, partially offset by a decrease of $173 million in investment advisory performance fees.\nThe increase in investment advisory and administration base fees of $222 million for the year ended December 31, 2008, compared with the year ended December 31, 2007, consisted of increases in base fees of $188 million in cash management products and $160 million in alternative investment products, partially offset by decreases of $117 million in equity and balanced products and $9 million in fixed income products.\nInvestment advisory and administration base fees increased for the year ended December 31, 2008 primarily as a result of increased average AUM in 2008 compared to 2007 for cash management products due to net subscriptions and alternative investment products due to the full year impact of the Quellos Transaction, offset by lower fees in equity and balanced products due to the impact of market depreciation on AUM.\nInvestment advisory performance fees decreased by $173 million, or 49%, to $177 million for the year ended December 31, 2008, as compared to $350 million for the year ended December 31, 2007 primarily as a result of lower investment advisory performance fees earned on other alternative investment products, including real estate funds, fixed income hedge funds and international equity products.\nBlackRock Solutions and Advisory BlackRock Solutions and advisory revenue of $406 million for the year ended December 31, 2008 increased $208 million, or 105%, compared with the year ended December 31, 2007.\nThe increase in BlackRock Solutions and advisory revenue was primarily the result of additional advisory assignments and Aladdin?\nassignments during the period.\nA portion of the revenue earned on advisory assignments was comprised of one-time advisory and portfolio structuring fees and ongoing fees based on AUM of the respective portfolio assignments.\nDistribution Fees Distribution fees increased by $16 million to $139 million for the year ended December 31, 2008, as compared to $123 million for the year ended December 31, 2007.\nThe increase in distribution fees is primarily due to the fullyear impact of the acquisition of distribution financing arrangements from PNC in second quarter 2007, which resulted in the Company receiving distribution fees from such arrangements, as well as an increase in contingent deferred sales commissions as a result of redemptions in certain share classes of open-ended funds.\nOther Revenue Other revenue of $110 million for the year ended December 31, 2008 decreased $54 million, or 32%, compared with the year ended December 31, 2007.\nOther revenue represents property management fees of $31 million earned on real estate products (primarily related to reimbursement of salaries and benefits of certain Metric employees from certain real estate products), $25 million of net interest related to securities lending, $23 million of unit trust sales commissions and $31 million of other revenue, including fund accounting services.\nThe decrease in other revenue of $54 million for the year ended December 31, 2008, as compared to the year ended December 31, 2007, was primarily the result of a decrease in fees earned for fund accounting services of $16 million, a $14 million decline in other advisory service fees earned in 2007, a $12 million decline in unit trust sales commissions and a $7 million decline in property management fees primarily related to the termination in the fourth quarter of 2008 of certain Metric contracts with BlackRock real estate clients.\nCertain Metric employees have been transferred to a third party, which will provide to real estate clients the property management services formerly provided by Metric.\nAt December 31, 2008, Metric had no remaining employees."}
{"_id": "d8c0d80fa", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Management’s Discussion and Analysis The Risk Committee of the Board and the Risk Governance Committee (through delegated authority from the Firmwide Risk Committee) approve market risk limits and sub-limits at firmwide, business and product levels, consistent with our risk appetite statement.\nIn addition, Market Risk Management (through delegated authority from the Risk Governance Committee) sets market risk limits and sub-limits at certain product and desk levels.\nThe purpose of the firmwide limits is to assist senior management in controlling our overall risk profile.\nSub-limits are set below the approved level of risk limits.\nSub-limits set the desired maximum amount of exposure that may be managed by any particular business on a day-to-day basis without additional levels of senior management approval, effectively leaving day-to-day decisions to individual desk managers and traders.\nAccordingly, sub-limits are a management tool designed to ensure appropriate escalation rather than to establish maximum risk tolerance.\nSub-limits also distribute risk among various businesses in a manner that is consistent with their level of activity and client demand, taking into account the relative performance of each area.\nOur market risk limits are monitored daily by Market Risk Management, which is responsible for identifying and escalating, on a timely basis, instances where limits have been exceeded.\nWhen a risk limit has been exceeded (e. g. , due to positional changes or changes in market conditions, such as increased volatilities or changes in correlations), it is escalated to senior managers in Market Risk Management and/or the appropriate risk committee.\nSuch instances are remediated by an inventory reduction and/or a temporary or permanent increase to the risk limit.\nModel Review and Validation Our VaR and stress testing models are regularly reviewed by Market Risk Management and enhanced in order to incorporate changes in the composition of positions included in our market risk measures, as well as variations in market conditions.\nPrior to implementing significant changes to our assumptions and/or models, Model Risk Management performs model validations.\nSignificant changes to our VaR and stress testing models are reviewed with our chief risk officer and chief financial officer, and approved by the Firmwide Risk Committee.\nSee “Model Risk Management” for further information about the review and validation of these models.\nSystems We have made a significant investment in technology to monitor market risk including: ‰ An independent calculation of VaR and stress measures; ‰ Risk measures calculated at individual position levels; ‰ Attribution of risk measures to individual risk factors of each position; ‰ The ability to report many different views of the risk measures (e. g. , by desk, business, product type or entity); and ‰ The ability to produce ad hoc analyses in a timely manner.\nMetrics We analyze VaR at the firmwide level and a variety of more detailed levels, including by risk category, business, and region.\nThe tables below present average daily VaR and period-end VaR, as well as the high and low VaR for the period.\nDiversification effect in the tables below represents the difference between total VaR and the sum of the VaRs for the four risk categories.\nThis effect arises because the four market risk categories are not perfectly correlated.\nThe table below presents average daily VaR by risk category."}
{"_id": "d89abe2ca", "title": "", "text": "| Payments Due by Fiscal Year | In Millions | Long-term debt (a) | Accrued interest | Operating leases (b) | Capital leases | Purchase obligations (c) | Total contractual obligations | Other long-term obligations (d) | Total long-term obligations |"}
{"_id": "d8366a4b8", "title": "", "text": "Equity At December 31, 2010, we had 4.0 million shares of 7.25% Series E cumulative redeemable preferred stock, 7.8 million shares of 7.10% Series F cumulative redeemable preferred stock and 370.9 million shares of common stock outstanding.\nAt December 31, 2010, equity totaled $8.1 billion and our equity securities had a market value of $14.2 billion.\nAs of December 31, 2010, there were a total of 4.2 million DownREIT units outstanding in five limited liability companies in which we are the managing member.\nThe DownREIT units are exchangeable for an amount of cash approximating the then-current market value of shares of our common stock or, at our option, shares of our common stock (subject to certain adjustments, such as stock splits and reclassifications).\nShelf Registration We have a prospectus on file with the SEC as part of a registration statement on Form S-3, using a shelf registration process that expires in September 2012.\nUnder this shelf process, we may sell from time to time any combination of the registered securities in one or more offerings.\nThe securities described in the prospectus include common stock, preferred stock and debt securities.\nEach time we sell securities under the shelf registration, we will provide a prospectus supplement that will contain specific information about the terms of the securities being offered and of the offering.\nWe may offer and sell the securities pursuant to this prospectus from time to time in one or more of the following ways: through underwriters or dealers, through agents, directly to purchasers or through a combination of any of these methods of sales.\nProceeds from the sale of these securities may be used for general corporate purposes, which may include repayment of indebtedness, working capital and potential acquisitions."}
{"_id": "d87c4529e", "title": "", "text": "| (in thousands) | Balance at October 31, 2010 | Additions | Other adjustments-1 | Balance at October 31, 2011 | Additions | Other adjustments-1 | Balance at October 31, 2012 |"}
{"_id": "d8a7b5d0c", "title": "", "text": "| Sales by Destination 2009 Percent Change 2008 Percent Change 2007 | EAME-1 | North America | Greater Asia | Latin America | Total net sales, as reported |"}
{"_id": "d8c07e2bc", "title": "", "text": "| Interest Rate Swap NotionalValue $200,000 100,000 21,394 137,500 100,000 100,000 StrikeRate 1.131% 1.161% 12.000% 4.000% 1.928% 1.934% EffectiveDate July 2016 July 2016 January 2017 September 2017 December 2017 December 2017 ExpirationDate July 2023 July 2023 January 2019 September 2019 November 2020 November 2020 Balance Sheet Location Other Assets Other Assets Other Assets Other Assets Other Assets Other Assets FairValue $10,747 5,217 167 2 288 271 | $16,692 |"}
{"_id": "d898c4456", "title": "", "text": "| Year ended December 31 - dollars in millions 2007 2006 2005 2004 2003 | Allowance for loan and lease losses at beginning of year | Charge-offs | Commercial | Commercial real estate | Consumer | Residential mortgage | Lease financing | Total charge-offs | Recoveries | Commercial (a) | Commercial real estate | Consumer | Residential mortgage | Lease financing | Total recoveries | Net charge-offs(a) | Provision for credit losses | Acquisitions | Net change in allowance for unfunded loan commitments and letters of credit | Allowance for loan and lease losses at end of year | Allowance as a percent of period-end | Loans | Nonperforming loans | As a percent of average loans | Net charge-offs (a) | Provision for credit losses | Allowance for loan and lease losses | Allowance as a multiple of net charge-offs (a) |"}
{"_id": "d82aee6fc", "title": "", "text": "| During 2006 | Year ended Dec. 31, 2006 | (Millions of Dollars) | Commodity trading(a) |"}
{"_id": "d8f415a08", "title": "", "text": "During 2012, the Company closed on 10 acquisitions of various regulated water and wastewater systems for a total aggregate purchase price of $44,560.\nIncluded in this total was the Companys May 1, 2012 acquisition of all of the capital stock of Aqua New York, Inc.  for a total cash purchase price of $36,688 plus assumed liabilities.\nAssets acquired in the Aqua New York acquisition totaled $102,727, including $59,139 of plant, $27,400 of regulatory assets, and $12,181 of goodwill; liabilities assumed totaled $66,039, including long-term debt of $25,215, $11,885 of regulatory liabilities, $15,424 of deferred taxes, $1,708 of other liabilities, $1,060 of contributions in aid of construction and $9,710 of pension and postretirement welfare liabilities.\nAssets acquired (primarily utility plant) in the other nine acquisitions during 2012 totaled $12,514; liabilities assumed totaled $4,642.\nDuring 2011, the Company closed on nine acquisitions of regulated water and wastewater systems for an aggregate purchase price of $7,220.\nThe purchase price for each acquisition was allocated to the net tangible and intangible assets based upon their estimated fair values at the acquisition date.\nAssets acquired totaled $12,919, of which $12,814 was utility plant.\nLiabilities assumed totaled $4,945, including contributions in aid of construction of $3,847 .\nThe Company recorded gains on acquisitions during 2011 totaling $754.\nDivestitures In January 2012, the Company completed the sale of its Arizona and New Mexico subsidiaries.\nAfter postclose adjustments, net proceeds from the sale totaled $458,860, and the Company recorded a pretax loss on sale of $2,198.\nIn May 2012, the Company completed the sale of its Ohio subsidiary.\nAfter post-close adjustments, net proceeds from the sale totaled $102,154, and the Company recorded a pretax loss on sale of $4,095.\nIn December 2011, the Company completed the sale of its Applied Water Management subsidiary, part of its Market-Based Operations segment.\nProceeds from the sale totaled $2,923.\nThe Company recorded a pretax loss on sale of $3,126 in 2011.\nIn 2012, the Company recorded an additional pretax loss of $114 for certain postclose adjustments .\nIn June 2011, the Company completed the sale of the assets of its Texas subsidiary for proceeds of $6,245.\nIn the first quarter of 2011, the Company recognized an after-tax impairment charge of $552 for parent company goodwill allocated to the Texas subsidiary.\nOperating results and the financial position of the five subsidiaries named above are included in the accompanying financial statements as discontinued operations.\nA summary of discontinued operations presented in the Consolidated Statements of Operations and Comprehensive Income follows:"}
{"_id": "d89309548", "title": "", "text": "premiums paid by insureds.\nIn 2010, pricing decreased in both our retail and reinsurance brokerage product lines and we expect similar pricing declines to continue into 2011.\nAdditionally, beginning in late 2008 and continuing throughout 2010, we faced difficult conditions as a result of unprecedented disruptions in the global economy, the repricing of credit risk and the deterioration of the financial markets.\nWeak global economic conditions have reduced our customers’ demand for our retail brokerage and reinsurance brokerage products, which have had a negative impact on our operational results.\nRisk Solutions generated approximately 75% of our consolidated total revenues in 2010.\nRevenues are generated primarily through fees paid by clients, commissions and fees paid by insurance and reinsurance companies, and investment income on funds held on behalf of clients.\nOur revenues vary from quarter to quarter throughout the year as a result of the timing of our clients’ policy renewals, the net effect of new and lost business, the timing of services provided to our clients, and the income we earn on investments, which is heavily influenced by short-term interest rates.\nWe operate in a highly competitive industry and compete with many retail insurance brokerage and agency firms, as well as with individual brokers, agents, and direct writers of insurance coverage.\nSpecifically, we address the highly specialized product development and risk management needs of commercial enterprises, professional groups, insurance companies, governments, health care providers, and non-profit groups, among others; provide affinity products for professional liability, life, disability income, and personal lines for individuals, associations, and businesses; provide products and services via GRIP Solutions; provide reinsurance services to insurance and reinsurance companies and other risk assumption entities by acting as brokers or intermediaries on all classes of reinsurance; provide capital management transaction and advisory products and services, including mergers and acquisitions and other financial advisory services, capital raising, contingent capital financing, insurance-linked securitizations and derivative applications; provide managing underwriting to independent agents and brokers as well as corporate clients; provide risk consulting, actuarial, loss prevention, and administrative services to businesses and consumers; and manage captive insurance companies.\nIn February 2009, we completed the sale of the U. S.  operations of Cananwill, our premium finance business.\nIn June and July of 2009, we entered into agreements with third parties with respect to our international premium finance businesses, whereby these third parties began originating, financing, and servicing premium finance loans generated by referrals from our brokerage operations.\nIn November 2008 we expanded our product offerings through the merger with Benfield, a leading independent reinsurance intermediary.\nBenfield products were integrated with our existing reinsurance products in 2009.\nRevenue Risk Solutions commissions, fees and other revenue was as follows (in millions):"}
{"_id": "d8f8cb5b6", "title": "", "text": "| 2017 2016 2015 | Statutory U.S. rate | One time transition tax | State income taxes, net of federal benefit | Foreign operations | Domestic manufacturing deduction | R&D credit | Change in valuation allowance | Audit settlements and refunds | Excess stock benefits | Change in federal tax rate (deferred taxes) | Venezuela charges | Worthless stock deduction | Other, net | Effective income tax rate |"}
{"_id": "d8c37ceaa", "title": "", "text": "Legal Proceedings The Company is involved, from time to time, in litigation and other legal proceedings incidental to its business.\nManagement believes that the outcome of current litigation and legal proceedings will not have a material adverse effect upon the Companys results of operations, financial condition or cash flows.\nHowever, managements assessment of the Companys current litigation and other legal proceedings could change in light of the discovery of facts with respect to legal actions or other proceedings pending against the Company, not presently known to the Company or determinations by judges, juries or other finders of fact which are not in accord with managements evaluation of the possible liability or outcome of such litigation or proceedings.\nReasonably possible losses in addition to the amounts accrued for litigation and other legal proceedings are not material to the Companys consolidated financial statements."}
{"_id": "d890288e2", "title": "", "text": "| December 31 – dollars in millions 2013 2012 2011 2010 2009 | Nonperforming loans | Commercial | Commercial real estate | Equipment lease financing | Total commercial lending | Consumer lending (a) | Home equity (b) (c) | Residential real estate (b) | Credit card (d) | Other consumer (b) | Total consumer lending (e) | Total nonperforming loans (f) | OREO and foreclosed assets | Other real estate owned (OREO) (g) | Foreclosed and other assets | Total OREO and foreclosed assets | Total nonperforming assets | Nonperforming loans to total loans | Nonperforming assets to total loans, OREO and foreclosed assets | Nonperforming assets to total assets | Interest on nonperforming loans | Computed on original terms | Recognized prior to nonperforming status | Past due loans | Accruing loans past due 90 days or more (h) | As a percentage of total loans | Past due loans held for sale | Accruing loans held for sale past due 90 days or more (i) | As a percentage of total loans held for sale |"}
{"_id": "d80ef6bca", "title": "", "text": "| Cash $4,082 | Customer-related intangible assets | Acquired technology | Trade name | Other intangible assets | Other assets | Liabilities | Deferred income tax liabilities | Total identifiable net assets | Goodwill | Noncontrolling interest | Total purchase consideration |"}
{"_id": "d8ed318b8", "title": "", "text": "| At December 31, | 2016 | Ending Balances by Type: | Originated loans | Commercial: | Commercial and industrial | Commercial real estate: | Construction | Commercial | Commercial real estate | Total commercial | Consumer: | Automobile | Home equity | Residential mortgage | RV and marine finance | Other consumer | Total consumer | Total originated loans and leases | Acquired loans -1 | Commercial: | Commercial and industrial | Commercial real estate: | Construction | Commercial | Commercial real estate | Total commercial | Consumer: | Automobile | Home equity |"}
{"_id": "d8b37878e", "title": "", "text": "| 2018 2017 2016 | Expected life (in years) | Volatility | Risk free interest rate |"}
{"_id": "d8f7acea0", "title": "", "text": "| 2018 2017 2016 | Balance as of January 1 | Amounts charged to expense | Amounts written off | Recoveries of amounts written off | Balance as of December 31 | December 31, 2015 | (Amounts in thousands) | Financial assets: | HTM investment securities | Loans and leases (including loans held for sale), net of allowance | Financial liabilities: | Time deposits | Foreign deposits | Long-term debt (less fair value hedges) | (Amounts in millions) | Salaries and employee benefits | Occupancy, net | Furniture, equipment and software | Other real estate expense | Credit-related expense | Provision for unfunded lending commitments | Professional and legal services | Advertising | FDIC premiums | Amortization of core deposit and other intangibles | Debt extinguishment cost | Other | Total |"}
{"_id": "d89ed639e", "title": "", "text": "| Beginning of year 552 | Revisions of previous estimates | Improved recovery | Purchases of reserves in place | Extensions, discoveries, and other additions | Dispositions | Transfers to proved developed | End of year |"}
{"_id": "d89cc915a", "title": "", "text": "| (Dollar amounts in millions) Quoted Prices  inActive  Marketsfor  Identical Assets  (Level 1) Significant Other Observable Inputs (Level 2) December 31, 2010 | Cash and cash equivalents | Equity securities | Fixed income securities | Fair value of plan assets |"}
{"_id": "d87ee57ce", "title": "", "text": "| As of December | $ in millions | Balance, beginning of year | Increases based on tax positions related to the current year | Increases based on tax positions related to prior years | Decreases based on tax positions related to prior years | Decreases related to settlements | Exchange rate fluctuations | Balance, end of year | Related deferred income tax asset | Net unrecognized tax benefit |"}
{"_id": "d824b7f9a", "title": "", "text": "| Guarantee Description Issue Date Expiration Date Maximum   Obligation FIN 45   Carrying   Amount | In Millions | Indemnifications from asset sales and other agreements | Surety bonds and other indemnifications | Guarantees and put options |"}
{"_id": "d8a73eef0", "title": "", "text": "| Amount of Commitment Expiration per Period | Other Commercial CommitmentsMillions | Credit facilities [a] | Receivables securitization facility [b] | Guarantees [c] | Standby letters of credit [d] | Total commercialcommitments |"}
{"_id": "d8177aaf8", "title": "", "text": "We sold $2.2 billion of commercial mortgages held for sale carried at the lower of cost or market in 2012.\nThe comparable amount in 2011 was $2.4 billion.\nThe increase in these loans to $620 million at December 31, 2012, compared to $451 million at December 31, 2011, was due to an increase in loans awaiting sale to government agencies.\nWe recognized total net gains of $41 million in 2012 and $48 million in 2011 on the valuation and sale of commercial mortgage loans held for sale, net of hedges.\nResidential mortgage loan origination volume was $15.2 billion in 2012 compared with $11.4 billion in 2011.\nSubstantially all such loans were originated under agency or Federal Housing Administration (FHA) standards.\nWe sold $13.8 billion of loans and recognized related gains of $747 million during 2012.\nThe comparable amounts for 2011 were $11.9 billion and $384 million, respectively.\nInterest income on loans held for sale was $168 million in 2012 and $193 million in 2011.\nThese amounts are included in Other interest income on our Consolidated Income Statement.\nAdditional information regarding our loan sale and servicing activities is included in Note 3 Loan Sale and Servicing Activities and Variable Interest Entities in our Notes To Consolidated Financial Statements included in Item 8 of this Report.\nGOODWILL AND OTHER INTANGIBLE ASSETS Goodwill and other intangible assets totaled $10.9 billion at December 31, 2012 and $10.1 billion at December 31, 2011.\nDuring 2012, we recorded goodwill of $950 million and other intangible assets of $180 million associated with the RBC Bank (USA) acquisition.\nIn the fourth quarter of 2012, we sold certain deposits and assets of the Smartstreet business unit, which was acquired by PNC as part of the RBC Bank (USA) acquisition, which resulted in a reduction of goodwill and core deposit intangibles by approximately $46 million and $13 million, respectively.\nAlso in the fourth quarter of 2012, we recorded a $45 million noncash charge for goodwill impairment related to PNC’s Residential Mortgage Banking business segment.\nSee Note 2 Acquisition and Divestiture Activity and Note 10 Goodwill and Other Intangible Assets in the Notes To Consolidated Financial Statements included in Item 8 of this Report.\nFUNDING AND CAPITAL SOURCES Table 16: Details Of Funding Sources"}
{"_id": "d8a994bd2", "title": "", "text": "LIQUIDITY AND CAPITAL RESOURCES As of December 31, 2006, our principal sources of liquidity included cash, cash equivalents, the sale of receivables, and our revolving credit facilities, as well as the availability of commercial paper and other sources of financing through the capital markets.\nWe had $2 billion of committed credit facilities available, of which there were no borrowings outstanding as of December 31, 2006, and we did not make any short-term borrowings under these facilities during the year.\nThe value of the outstanding undivided interest held by investors under the sale of receivables program was $600 million as of December 31, 2006.\nThe sale of receivables program is subject to certain requirements, including the maintenance of an investment grade bond rating.\nIf our bond rating were to deteriorate, it could have an adverse impact on our liquidity.\nAccess to commercial paper is dependent on market conditions.\nDeterioration of our operating results or financial condition due to internal or external factors could negatively impact our ability to utilize commercial paper as a source of liquidity.\nLiquidity through the capital markets is also dependent on our financial stability.\nAt both December 31, 2006 and 2005, we had a working capital deficit of approximately $1.1 billion.\nA working capital deficit is common in our industry and does not indicate a lack of liquidity.\nWe maintain adequate resources to meet our daily cash requirements, and we have sufficient financial capacity to satisfy our current liabilities.\nFinancial Condition"}
{"_id": "d8ad65946", "title": "", "text": "Gas Supply CECONY and O&R have combined their gas requirements, and contracts to meet those requirements, into a single portfolio.\nThe combined portfolio is administered by, and related management services are provided by, CECONY (for itself and as agent for O&R) and costs are allocated between the Utilities in accordance with provisions approved by the NYSPSC.\nSee Note S to the financial statements in Item 8.\nCharges from suppliers for the firm purchase of gas, which are based on formulas or indexes or are subject to negotiation, are generally designed to approximate market prices.\nThe Utilities have contracts with interstate pipeline companies for the purchase of firm transportation from upstream points where gas has been purchased to the Utilities’ distribution systems, and for upstream storage services.\nCharges under these transportation and storage contracts are approved by the FERC.\nThe Utilities are required to pay certain fixed charges under the supply, transportation and storage contracts whether or not the contracted capacity is actually used.\nThese fixed charges amounted to approximately $301 million in 2016, including $263 million for CECONY.\nSee “Contractual Obligations” below.\nAt December 31, 2016, the contracts were for various terms extending to 2020 for supply and 2038 for transportation and storage.\nDuring 2016, CECONY entered into four new transportation and storage contracts.\nIn addition, the Utilities purchase gas on the spot market and contract for interruptible gas transportation.\nSee “Recoverable Energy Costs” in Note A and Note P to the financial statements in Item 8."}
{"_id": "d889d9d06", "title": "", "text": "| Year ended December 31, 2010 | (Dollars in thousands) | Total gains on investment securities, net | Less: income attributable to noncontrolling interests, including carried interest | Non-GAAP net gains on investment securities, net of noncontrolling interests | Less: gains on sales of certain available-for-sale securities | Non-GAAP net gains on investment securities, net of noncontrolling interests and excluding gains on sales of certain available-for-salesecurities | Year ended December 31, 2009 | (Dollars in thousands) | Total (losses) gains on investment securities, net | Less: (losses) income attributable to noncontrolling interests, including carried interest | Non-GAAP net (losses) gains on investment securities, net of noncontrolling interests |"}
{"_id": "d8e23967c", "title": "", "text": "| December 31 2007 2006 | (In millions) | Reinsurance receivables related to insurance reserves: | Ceded claim and claim adjustment expense | Ceded future policy benefits | Ceded policyholders’ funds | Reinsurance receivables related to paid losses | Reinsurance receivables | Allowance for uncollectible reinsurance | Reinsurance receivables, net of allowance for uncollectiblereinsurance | Direct | (In millions) | Year Ended December 31, 2007 | Property and casualty | Accident and health | Life | Earned premiums | Year Ended December 31, 2006 | Property and casualty | Accident and health | Life | Earned premiums | Year Ended December 31, 2005 | Property and casualty | Accident and health | Life | Earned premiums |"}
{"_id": "d89a384fe", "title": "", "text": "| April 30, 2010 2009 2008 | U.S. OFFICES: | Company-owned offices | Company-owned shared locations-1 | Total company-owned offices | Franchise offices | Franchise shared locations-1 | Total franchise offices | 11,506 | INTERNATIONAL OFFICES: | Canada | Australia | 1,643 |"}
{"_id": "d8267f0e4", "title": "", "text": "Our Company has a number of facilities that contain varying amounts of asbestos in certain locations within the facilities.\nOur asbestos management program is compliant with current applicable regulations.\nCurrent regulations require that we handle or dispose of this type of asbestos in a special manner if such facilities undergo major renovations or are demolished.\nWe believe we do not have sufficient information to estimate the"}
{"_id": "d8673d4d2", "title": "", "text": "| Significant Unobservable Inputs (Level 3) (in millions) | Fair value, December 31, 2008 | Calls, at par | Recovery of unrealized losses due to issuer calls | Increase in fair value | Fair value, December 31, 2009 | Calls, at par | Recovery of unrealized losses due to issuer calls | Increase in fair value | Fair value, December 31, 2010 |"}
{"_id": "d83dd4c44", "title": "", "text": "| Years ended December 31, 2017 2016 2015 | Share-based plans | Deferred compensation | Eliminations and other | Sub-total (included in core operating earnings*) | Pension | Postretirement | Pension and other postretirement benefit income/(expense)(excluded from core operating earnings*) | Total unallocated items, eliminations and other | (Millions of Dollars) | Balance Sheet Location | Con Edison | Fair value of derivative assets | Current | Non-current | Total fair value of derivative assets | Fair value of derivative liabilities | Current | Non-current | Total fair value of derivative liabilities | Net fair value derivative assets/(liabilities) | CECONY | Fair value of derivative assets | Current | Non-current | Total fair value of derivative assets | Fair value of derivative liabilities | Current | Non-current liabilities | Total fair value of derivative liabilities | Net fair value derivative assets/(liabilities) |"}
{"_id": "d8aeb4842", "title": "", "text": "| Interest Rate Contracts Year of Termination Notional Amount of Underlying Debt Total Pre-Tax Deferred Gain/(Loss) 2006 Pre-Tax Income/(Expense) Recognized 2005 Pre-Tax Income/(Expense) Recognized | Dollars in Millions | Interest rate swap lock associated with 5.75% Notes due 2011-1 | Interest Rate Swap Lock associated with 4.75% Notes due 2006 | Swaps associated with 4.75% Notes due 2006-1 | Swaps associated with 5.75% Notes due 2011-1 | Swaps associated with 6.8% Notes due 2026 | Swaps associated with 5.75% Notes due 2011-1 | $-165 |"}
{"_id": "d88940cfa", "title": "", "text": "| (Millions) 2007 2006 2005 | Purchases of property, plant and equipment (PP&E) | Proceeds from sale of PP&E and other assets | Acquisitions, net of cash acquired | Proceeds from sale of businesses | Purchases and proceeds from sale or maturities of marketable securities and investments — net | Net cash used in investing activities |"}
{"_id": "d8d146248", "title": "", "text": "Under contract accounting unbillable receivables on long-term contracts arise when the sales or revenues based on performance attainment, though appropriately recognized, cannot be billed yet under terms of the contract as of the balance sheet date.\nAny adjustment for the credit quality of unbillable receivables, if required, would be recorded as a direct reduction of revenue.\nFactors considered in assessing the collectability of unbillable receivables include, but are not limited to, a customer’s extended delinquency, requests for restructuring and filings for bankruptcy.\nUnbillable receivables related to commercial customers expected to be collected after one year were $172 and $172 at December 31, 2017 and 2016.\nAccounts receivable related to claims are items that we believe are earned, but are subject to uncertainty concerning their determination or ultimate realization.\nAccounts receivable, other than those described above, expected to be collected after one year are not material."}
{"_id": "d8c6835cc", "title": "", "text": "The volume/weather variance is primarily due to a decrease of 97 GWh in weather-adjusted usage in the residential and commercial sectors and a decrease in sales volume in the unbilled sales period.\nThe transmission equalization variance is primarily due to the addition in 2011 of transmission investments that are subject to equalization.\nGross operating revenues and fuel and purchased power expenses Gross operating revenues increased primarily due to an increase of $57.5 million in gross wholesale revenues due to an increase in sales to affiliated customers, partially offset by a decrease of $26.9 million in power management rider revenue.\nFuel and purchased power expenses increased primarily due to an increase in deferred fuel expense as a result of higher fuel revenues due to higher fuel rates, partially offset by a decrease in the average market prices of natural gas and purchased power.\nand $1.12 per Mcf (2007) from hedging activities.\nThe effect of hedging activities on the average realized natural gas price for 2009 was de minimis.\n(3) Average crude oil sales prices reflect reductions of $5.57 per Bbl (2009), $7.59 per Bbl (2008), and $2.19 per Bbl (2007) from hedging activities.\nNatural gas is under contract for $0.25 per MMBtu to a methanol plant, an LPG plant and an LNG plant.\nSales to these plants are based on a BTU equivalent and then converted to a dry gas equivalent volume.\nThe methanol and LPG plants are owned by affiliated entities accounted for under the equity method of accounting.\nThe volumes produced by the LPG plant are included in the crude oil information.\n(4) Volumes represent sales of condensate and LPG from the LPG plant in Equatorial Guinea.\n(5) We sold our Argentina assets in February 2008.\nRevenues from sales of crude oil and natural gas have accounted for 90% or more of consolidated revenues for each of the last three fiscal years.\nAt December 31, 2009, our operated properties accounted for approximately 60% of our total production.\nBeing the operator of a property improves our ability to directly influence production levels and the timing of projects, while also enhancing our control over operating expenses and capital expenditures.\nProductive Wells The number of productive crude oil and natural gas wells in which we held an interest at December 31, 2009 was as follows:"}
{"_id": "d8cbb1f44", "title": "", "text": "| Class A common stock 597,213,410 | Class B common stock | Class C common stock | Class P common stock | December 31, | 2009 | (in millions) | Fixed maturities, available for sale | Trading account assets supporting insurance liabilities | Commercial mortgage and other loans | Other long-term investments | Cash and cash equivalents | Accrued investment income | Other assets | Separate account assets | Total assets of consolidated VIEs | Long-term debt | Other liabilities | Separate account liabilities | Total liabilities of consolidated VIEs | December 31, 2009 | Employee Stock Options | Weighted Average Remaining Contractual Term | (in years) | Outstanding | Vested and expected to vest | Exercisable | Restricted Stock Shares | Restricted at December 31, 2006 | Granted | Forfeited | Performance adjustment-2 | Released | Restricted at December 31, 2007 | Granted | Forfeited | Performance adjustment-2 | Released | Restricted at December 31, 2008 | Granted | Forfeited | Performance adjustment-2 | Released | Restricted at December 31, 2009 |"}
{"_id": "d8a28fb2a", "title": "", "text": "Other Off-Balance Sheet Commitments Operating Leases The Company leases various equipment and facilities, including retail space, under noncancelable operating lease arrangements.\nThe Company does not currently utilize any other off-balance sheet financing arrangements.\nThe major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options.\nAs of September 26, 2015, the Company had a total of 463 retail stores.\nLeases for retail space are for terms ranging from five to 20 years, the majority of which are for 10 years, and often contain multi-year renewal options.\nAs of September 26, 2015, the Companys total future minimum lease payments under noncancelable operating leases were $6.3 billion, of which $3.6 billion related to leases for retail space.\nRent expense under all operating leases, including both cancelable and noncancelable leases, was $794 million, $717 million and $645 million in 2015, 2014 and 2013, respectively.\nFuture minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of September 26, 2015, are as follows (in millions):"}
{"_id": "d8cc5ea14", "title": "", "text": "| Fiscal Year Ended September 30, | Statement of Operations Data: | (in millions, except per share data) | Operating revenues | Operating expenses | Operating income (loss) | Net income (loss) | Basic net income per share—class A common stock-2 | Diluted net income per share—class A common stock-2 |"}
{"_id": "d8a4885bc", "title": "", "text": "| Change | (dollars in millions) | Revenues | Costs of revenue | as a percentage of revenues | Selling, general and administrative expenses | as a percentage of revenues | Segment profit | as a percentage of revenues |"}
{"_id": "d81decc88", "title": "", "text": "CBRE GROUP, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) 82 In March 2011, we entered into five interest rate swap agreements, all with effective dates in October 2011, and immediately designated them as cash flow hedges in accordance with FASB ASC Topic 815.\nThe purpose of these interest rate swap agreements is to attempt to hedge potential changes to our cash flows due to the variable interest nature of our senior term loan facilities.\nThe total notional amount of these interest rate swap agreements is $400.0 million, with $200.0 million having expired in October 2017 and $200.0 million expiring in September 2019.\nThe ineffective portion of the change in fair value of the derivatives is recognized directly in earnings.\nThere was no significant hedge ineffectiveness for the years ended December 31, 2017, 2016 and 2015.\nThe effective portion of changes in the fair value of derivatives designated and qualifying as cash flow hedges is recorded in accumulated other comprehensive loss on the balance sheet and is subsequently reclassified into earnings in the period that the hedged forecasted transaction affects earnings.\nWe reclassified $7.4 million, $10.7 million and $11.9 million for the years ended December 31, 2017, 2016, and 2015, respectively, from accumulated other comprehensive loss to interest expense.\nDuring the next twelve months, we estimate that $3.1 million will be reclassified from accumulated other comprehensive loss to interest expense.\nIn addition, we recorded a net gain of $0.9 million, and net losses of $2.4 million and $6.5 million for the years ended December 31, 2017, 2016 and 2015, respectively, to other comprehensive loss in relation to such interest rate swap agreements.\nAs of December 31, 2017 and 2016, the fair values of such interest rate swap agreements were reflected as a $4.8 million liability and a $13.2 million liability, respectively, and were included in other liabilities in the accompanying consolidated balance sheets.\nAdditionally, our foreign operations expose us to fluctuations in foreign exchange rates.\nThese fluctuations may impact the value of our cash receipts and payments in terms of our functional (reporting) currency, which is U. S.  dollars.\nWe enter into derivative financial instruments to attempt to protect the value or fix the amount of certain obligations in terms of our reporting currency, the U. S.  dollar.\nIn March 2014, we began a foreign currency exchange forward hedging program by entering into foreign currency exchange forward contracts, including agreements to buy U. S.  dollars and sell Australian dollars, British pound sterling, Canadian dollars, euros and Japanese yen.\nThe purpose of these forward contracts was to attempt to mitigate the risk of fluctuations in foreign currency exchange rates that would adversely impact some of our foreign currency denominated EBITDA.\nHedge accounting was not elected for any of these contracts.\nAs such, changes in the fair values of these contracts were recorded directly in earnings.\nAs of December 31, 2017 and 2016, we had no foreign currency exchange forward contracts outstanding as the program expired in December 2016.\nIncluded in the consolidated statement of operations were net gains of $7.7 million and $24.2 million for the years ended December 31, 2016 and 2015, respectively, resulting from net gains on foreign currency exchange forward contracts.\nWe also routinely monitor our exposure to currency exchange rate changes in connection with certain transactions and sometimes enter into foreign currency exchange option and forward contracts to limit our exposure to such transactions, as appropriate.\nIn the ordinary course of business, we also sometimes utilize derivative financial instruments in the form of foreign currency exchange contracts to attempt to mitigate foreign currency exchange exposure resulting from intercompany loans.\nThe net impact on our financial position and earnings resulting from these foreign currency exchange forward and options contracts has not been significant.8.\nProperty and Equipment Property and equipment consists of the following (dollars in thousands)"}
{"_id": "d8c8d0690", "title": "", "text": "Shelf Registration Statement On September 3, 2015, we filed a shelf registration statement with the SEC, registering the offer and sale from time to time of an indeterminate amount of, among other securities, debt securities, preference shares, Class A Ordinary Shares and convertible securities.\nOur ability to access the market as a source of liquidity is dependent on investor demand, market conditions and other factors.\nD. R.  HORTON, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) NOTE K — COMMITMENTS AND CONTINGENCIES Warranty Claims At September 30, 2011, the Company had liabilities of $0.8 million for the remaining repair costs of homes in its Florida and Louisiana markets constructed during 2005 through 2007 which contain or are suspected to contain allegedly defective drywall manufactured in China (Chinese Drywall) that may be responsible for accelerated corrosion of certain metals in the home.\nThrough September 30, 2011, the Company has spent approximately $6.4 million to remediate these homes.\nWhile the Company will seek reimbursement for these remediation costs from various sources, it has not recorded a receivable for potential recoveries as of September 30, 2011.\nIf additional homes in these or other markets are found to contain Chinese Drywall, the Company would likely be required to further increase its warranty reserve for this matter in the future.\nThe Company has been named as a defendant in several lawsuits in Louisiana and Florida pertaining to Chinese Drywall.\nAs these actions are still in their early stages, the Company is unable to express an opinion as to the amount of damages, if any, beyond what has been reserved for repair as discussed above.\nChanges in the Company’s warranty liability during fiscal 2011 and 2010 were as follows:"}
{"_id": "d863153c8", "title": "", "text": "Nature of Operations Operations and Segmentation – We are a Class I railroad operating in the U. S.  Our network includes 31,974 route miles, linking Pacific Coast and Gulf Coast ports with the Midwest and Eastern U. S.  gateways and providing several corridors to key Mexican gateways.\nWe own 26,012 miles and operate on the remainder pursuant to trackage rights or leases.\nWe serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the Atlantic Coast, the Pacific Coast, the Southeast, the Southwest, Canada, and Mexico.\nExport and import traffic is moved through Gulf Coast and Pacific Coast ports and across the Mexican and Canadian borders.\nThe Railroad, along with its subsidiaries and rail affiliates, is our one reportable operating segment.\nAlthough we provide and review revenue by commodity group, we analyze the net financial results of the Railroad as one segment due to the integrated nature of our rail network.\nThe following table provides freight revenue by commodity group:"}
{"_id": "d87981bde", "title": "", "text": "Marketing Costs - We incur certain costs to support our products through programs that include advertising, marketing, consumer engagement and trade promotions.\nThe costs of our advertising and marketing programs are expensed in accordance with U. S.  GAAP.\nRecognition of the cost related to our consumer engagement and trade promotion programs contain uncertainties due to the judgment required in estimating the potential performance and compliance for each program.\nFor volume-based incentives provided to customers, management continually assesses and estimates, by customer, the likelihood of the customer's achieving the specified targets, and records the reduction of revenue as the sales are made.\nFor other trade promotions, management relies on estimated utilization rates that have been developed from historical experience.\nChanges in the assumptions used in estimating the cost of any individual marketing program would not result in a material change in our financial position, results of operations or operating cash flows."}
{"_id": "d8c38eeca", "title": "", "text": "| Years Ended December 31, | 2010 | (In millions) | Current: | Federal | State and local | Foreign | Subtotal | Deferred: | Federal | State and local | Foreign | Subtotal | Provision for income tax expense (benefit) |"}
{"_id": "d88a1c28c", "title": "", "text": "| December 31, 2010 December 31, 2009 | Carrying   Amount | 5.625% Senior Notes due July 2013-1 | 12% Senior Notes due February 2014-1 | 7.875% Senior Notes due June 2017 | 6.875% Senior Notes due July 2033 | Other foreign loans | Other domestic loans | Total debt |"}
{"_id": "d883aff3e", "title": "", "text": "HASBRO, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements — (Continued) (Thousands of Dollars and Shares Except Per Share Data) substantial portion of its customers’ ability to discharge amounts owed is generally dependent upon the overall retail economic environment.\nSales to the Company’s three largest customers, Wal-Mart Stores, Inc. , Toys “R” Us, Inc.  and Target Corporation, amounted to 16%, 9% and 8%, respectively, of consolidated net revenues during 2014, 16%, 10% and 9%, respectively, of consolidated net revenues during 2013 and 17%, 11% and 10%, respectively, of consolidated net revenues during 2012.\nThese sales were primarily within the U. S.  and Canada segment.\nHasbro purchases certain components used in its manufacturing process and certain finished products from manufacturers in the Far East.\nThe Company’s reliance on external sources of manufacturing can be shifted, over a period of time, to alternative sources of supply for products it sells, should such changes be necessary.\nHowever, if the Company were prevented from obtaining products from a substantial number of its current Far East suppliers due to political, labor or other factors beyond its control, the Company’s operations would be disrupted, potentially for a significant period of time, while alternative sources of product were secured.\nThe imposition of trade sanctions, quotas or other protectionist measures by the United States or the European Union against a class of products imported by Hasbro from, or the loss of “normal trade relations” status with, China could significantly increase the cost of the Company’s products imported into the United States or Europe.\nThe Company has agreements which allow it to develop and market products based on properties owned by third parties including its license with Marvel Entertainment, LLC and Marvel Characters B. V.  (together “Marvel”) and its license with Lucas Licensing Ltd.  and Lucasfilm Ltd.  (together “Lucas”).\nThese licenses have multi-year terms and provide the Company with the right to market and sell designated classes of products based on Marvel’s portfolio of brands, including SPIDER-MAN and THE AVENGERS, and Lucas’s STAR WARS brand.\nHasbro’s net revenues from these licenses can be significant in any given year based on the level of third party entertainment.\nBoth Marvel and Lucas are owned by The Walt Disney Company"}
{"_id": "d8aacbb68", "title": "", "text": "Five-Year Performance Comparison  The following graph provides an indicator of cumulative total shareholder returns for the Corporation as compared to the peer group index (described above), the DJ Trans, and the S&P 500.\nThe graph assumes that $100 was invested in the common stock of Union Pacific Corporation and each index on December 31, 2012 and that all dividends were reinvested.\nThe information below is historical in nature and is not necessarily indicative of future performance."}
{"_id": "d875e602e", "title": "", "text": "| Years Ended March 31, | (Dollars in millions) | Gross Profit | Distribution Solutions | Technology Solutions | Total | Gross Profit Margin | Distribution Solutions | Technology Solutions | Total |"}
{"_id": "d8dd8d4f2", "title": "", "text": "| Credit valuation adjustment gain (loss) | In millions of dollars | CVA on derivatives, excluding monolines | CVA related to monoline counterparties | Total CVA—derivative instruments |"}
{"_id": "d88778f9e", "title": "", "text": "| 2011 2010 2009 | Home & Family-1 | Rubbermaid Consumer | Baby & Parenting | Décor | Other | 2,390.5 | Office Products-1 | Tools, Hardware & Commercial Products-1 | $5,864.6 |"}
{"_id": "d8b8f37fe", "title": "", "text": "| In millions December 31 2015 December 312014 | Home equity and residential real estate loans – excluding purchased impaired loans (a) | Home equity and residential real estate loans – purchased impaired loans (b) | Government insured or guaranteed residential real estate mortgages (a) | Difference between outstanding balance and recorded investment in purchased impairedloans (c) | Total home equity and residential real estate loans (a) |"}
{"_id": "d8c4fa5fc", "title": "", "text": "| 2005 | Net income as reported | Add: Total stock-based employee compensation | expense recorded during the year | Deduct: Total stock-based employee compensation expense | determined under fair-value based method for all awards, | net of tax effects | Pro forma net income | Net income per share as reported: | Basic | Diluted | Pro forma net income per share: | Basic | Diluted |"}
{"_id": "d899c585a", "title": "", "text": "| Year Ended December 31, | 2017 | $ | Operating expenses: | Research and development | Sales and marketing | General and administrative | Total operating expenses |"}
{"_id": "d867319e8", "title": "", "text": "| 2004 2003 2002 | Net cash flows from operating activities: | Automotive sector | Financial Services sector | Sum of sector operating cash flows (prior presentation) | Reclassification from investing cash flows* | Consolidated net cash flows from operating activities | Net cash flows from investing activities: | Automotive sector | Financial Services sector | Elimination of net intersector investing activity | Sum of sector investing cash flows (prior presentation) | Reclassification to operating cash flows* | Consolidated net cash flows from investing activities |"}
{"_id": "d8822dc7e", "title": "", "text": "Actuarial Assumptions The actuarial assumptions used to determine the benefit obligations at December 31 of each year, and to determine the net periodic benefit cost for each subsequent year, were as follows:\nThe decrease in the discount rate from December 31, 2011 to December 31, 2012 and from December 31, 2010 to December 31, 2011 resulted in an increase in the projected benefit obligations of our qualified defined benefit pension plans of approximately $4.5 billion and $3.8 billion at December 31, 2012 and 2011.\nThe long-term rate of return assumption represents the expected average rate of earnings on the funds invested or to be invested to provide for the benefits included in the benefit obligations.\nThat assumption is based on several factors including historical market index returns, the anticipated long-term asset allocation of plan assets, the historical return data, plan expenses, and the potential to outperform market index returns.\nPlan Assets Investment policies and strategies  Lockheed Martin Investment Management Company (LMIMCo), our whollyowned subsidiary, has the fiduciary responsibility for making investment decisions related to the assets of our postretirement benefit plans.\nLMIMCos investment objectives for the assets of these plans are (1) to minimize the net present value of expected funding contributions; (2) to ensure there is a high probability that each plan meets or exceeds our actuarial longterm rate of return assumptions; and (3) to diversify assets to minimize the risk of large losses.\nThe nature and duration of benefit obligations, along with assumptions concerning asset class returns and return correlations, are considered when determining an appropriate asset allocation to achieve the investment objectives.\nInvestment policies and strategies governing the assets of the plans are designed to achieve investment objectives within prudent risk parameters.\nRisk management practices include the use of external investment managers; the maintenance of a portfolio diversified by asset class, investment approach, and security holdings; and the maintenance of sufficient liquidity to meet benefit obligations as they come due.\nLMIMCos investment policies require that asset allocations of postretirement benefit plans be maintained within the following approximate ranges:"}
{"_id": "d8bf3a518", "title": "", "text": "| Distribution Facility Location Approximate Square Footage Owned/Leased Facility | Franklin, Kentucky | Pendleton, Indiana | Macon, Georgia | Waco, Texas | Casa Grande, Arizona | Hagerstown, Maryland(a) | Hagerstown, Maryland(a) | Waverly, Nebraska | Seguin, Texas(b) | Lakewood, Washington | Longview, Texas(b) |"}
{"_id": "d8eca4e5e", "title": "", "text": "| 2008 Survival Ratios 2007 Survival Ratios | 3 Year | Gross | Asbestos | Environmental | Total |"}
{"_id": "d8bf90de6", "title": "", "text": "| December 31, 2017 December 31, 2016 | Dollars in millions | Geography | Pennsylvania | New Jersey | Ohio | Illinois | Maryland | Michigan | North Carolina | Florida | Kentucky | Indiana | All other states | Total home equityloans | Lien type | 1st lien | 2nd lien | Total home equityloans |"}
{"_id": "d8d3c5654", "title": "", "text": "The following table presents the components of net periodic benefit cost recognized in income and other amounts recognized in Accumulated other comprehensive income (loss) with respect to the defined benefit pension plans and other postretirement benefit plans for the year ended December 31, 2007 and 2006 (no amounts related to the adoption of FAS 158 were recognized in Accumulated other comprehensive income (loss) for the year ended 2005):\nThe estimated net loss and prior service credit that will be amortized from Accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are $31 million and $11 million, respectively, for AIGs scombined defined benefit pension plans.\nFor the defined benefit postretirement plans, the estimated amortization from Accumulated other comprehensive income for net loss, prior service credit and transition obligation that will be amortized into net periodic benefit cost over the next fiscal year will be less than $5 million in the aggregate."}
{"_id": "d8b1ea304", "title": "", "text": "| For the Years Ended December 31, Percent Increase (Decrease) | 2016 | (in millions, except percentages) | Personnel | Professional fees | Data processing and telecommunications | Foreign exchange activity | Other | General and administrative expenses | Special Item1 | Adjusted general and administrative expenses (excluding Special Item)1 |"}
{"_id": "d8a7f556a", "title": "", "text": "Mortgage servicing rights The Company accounts for mortgage servicing rights (MSRs) at fair value in accordance with SFAS 156.\nFair value for MSRs is determined using an option-adjusted spread valuation approach.\nThis approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates.\nThe model assumptions used in the valuation of MSRs include mortgage prepayment speeds and discount rates.\nThe fair value of MSRs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates.\nIn managing this risk, the Company hedges a significant portion of the values of its MSRs through the use of interest-rate derivative contracts, forwardpurchase commitments of mortgage-backed securities, and purchased securities classified as trading.\nSee Note 23 on page 175 for further discussions regarding the accounting and reporting of MSRs.\nThese MSRs, which totaled $5.7 billion and $8.4 billion as of December 31, 2008 and December 31, 2007, respectively, are classified as Mortgage servicing rights on Citigroups Consolidated Balance Sheet.\nChanges in fair value of MSRs are recorded in Commissions and fees in the Companys Consolidated Statement of Income."}
{"_id": "d8bc5c328", "title": "", "text": "| Level 3 Instruments Only Dollars in millions Fair Value Valuation Techniques Unobservable Inputs Range (Weighted Average) | Residential mortgage-backed non-agency securities | Asset-backed securities | State and municipal securities | Other debt securities | Residential mortgage loan commitments | Trading securities – Debt | Residential mortgage loans held for sale | Residential mortgage servicing rights | Commercial mortgage loans held for sale | Equity investments – Direct investments | Equity investments – Indirect (d) | Loans – Residential real estate | Loans – Home equity | BlackRock Series C Preferred Stock | BlackRock LTIP | Other derivative contracts | Swaps related to sales of certain Visa Class B common shares | Insignificant Level 3 assets, net of liabilities (f) | Total Level 3 assets, net of liabilities (g) |"}
{"_id": "d8af2482c", "title": "", "text": "| (in millions) Carrying value of financial instruments as of January 1, 2007 (c) Transition gain/(loss) recorded in Retained earnings (d) Adjusted carrying value of financial instruments as of January 1, 2007 | Federal funds sold and securities purchased under resale agreements | Trading assets – Debt and equity instruments | Loans | Other assets(a) | Deposits(b) | Federal funds purchased and securities sold under repurchase agreements | Other borrowed funds | Beneficial interests issued by consolidated VIEs | Long-term debt | Pretax cumulative effect of adoption of SFAS 159 | Deferred income taxes | Reclassification from Accumulated other comprehensive income (loss) | Cumulative effect of adoption of SFAS 159 | Year ended December 31,(inmillions, except headcount and ratios) | Revenue by product: | Lending | Treasury services | Investment banking | Other | Total Commercial Banking revenue | IB revenue, gross(a) | Revenue by business: | Middle Market Banking | Mid-Corporate Banking | Real Estate Banking | Other | Total Commercial Banking revenue | Selected average balances: | Total assets | Loans: | Loans retained | Loans held-for-sale and loans at fair value | Total loans(b) | Liability balances(c) | Equity | Average loans by business: | Middle Market Banking | Mid-Corporate Banking | Real Estate Banking | Other | Total Commercial Banking loans | Headcount | Credit data and quality statistics: | Net charge-offs | Nonperforming loans | Allowance for credit losses: | Allowance for loan losses | Allowance for lending-related commitments | Total allowance for credit losses | Net charge-off rate(b) | Allowance for loan losses to average loans(b) | Allowance for loan losses to nonperforming loans | Nonperforming loans to average loans |"}
{"_id": "d8db716e6", "title": "", "text": "Managements Discussion and Analysis Net revenues in Equities were $8.21 billion for 2012, essentially unchanged compared with 2011.\nNet revenues in securities services were significantly higher compared with 2011, reflecting a gain of $494 million on the sale of our hedge fund administration business.\nIn addition, equities client execution net revenues were higher than 2011, primarily reflecting significantly higher results in cash products, principally due to increased levels of client activity.\nThese increases were offset by lower commissions and fees, reflecting declines in the United States, Europe and Asia.\nOur average daily volumes during 2012 were lower in each of these regions compared with 2011, consistent with listed cash equity market volumes.\nDuring 2012, Equities operated in an environment generally characterized by an increase in global equity prices and lower volatility levels.\nThe net loss attributable to the impact of changes in our own credit spreads on borrowings for which the fair value option was elected was $714 million ($433 million and $281 million related to Fixed Income, Currency and Commodities Client Execution and equities client execution, respectively) for 2012, compared with a net gain of $596 million ($399 million and $197 million related to Fixed Income, Currency and Commodities Client Execution and equities client execution, respectively) for 2011.\nDuring 2012, Institutional Client Services operated in an environment generally characterized by continued broad market concerns and uncertainties, although positive developments helped to improve market conditions.\nThese developments included certain central bank actions to ease monetary policy and address funding risks for European financial institutions.\nIn addition, the U. S.  economy posted stable to improving economic data, including favorable developments in unemployment and housing.\nThese improvements resulted in tighter credit spreads, higher global equity prices and lower levels of volatility.\nHowever, concerns about the outlook for the global economy and continued political uncertainty, particularly the political debate in the United States surrounding the fiscal cliff, generally resulted in client risk aversion and lower activity levels.\nAlso, uncertainty over financial regulatory reform persisted.\nOperating expenses were $12.48 billion for 2012, 3% lower than 2011, primarily due to lower brokerage, clearing, exchange and distribution fees, and lower impairment charges, partially offset by higher net provisions for litigation and regulatory proceedings.\nPretax earnings were $5.64 billion in 2012, 27% higher than 2011."}
{"_id": "d89e28a14", "title": "", "text": "| Tier 1 risk-based capital -1 Total risk-based capital -1 Tier 1 leverage capital -1 | (dollar amounts in thousands) | Huntington Bancshares Incorporated | Amount | Ratio | The Huntington National Bank | Amount | Ratio |"}
{"_id": "d89b680cc", "title": "", "text": "| 2017 2016 | December 31, (in millions) | U.S. GAAP nettable derivative receivables | Interest rate contracts: | Over-the-counter (“OTC”) | OTC–cleared | Exchange-traded(a) | Total interest rate contracts | Credit contracts: | OTC | OTC–cleared | Total credit contracts | Foreign exchange contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total foreign exchange contracts | Equity contracts: | OTC | Exchange-traded(a) | Total equity contracts | Commodity contracts: | OTC | Exchange-traded(a) | Total commodity contracts | Derivative receivables with appropriate legal opinion | Derivative receivables where an appropriate legal opinion has not been either sought or obtained | Total derivative receivables recognized on the Consolidated balance sheets | Collateral not nettable on the Consolidated balance sheets(c)(d) | Net amounts |"}
{"_id": "d8f0a72e0", "title": "", "text": "Our computation of expected volatility for 2015, 2014 and 2013 was based on a combination of historical and market-based implied volatility from traded options on our stock.\nOur computation of expected life was determined based on historical experience of similar awards, giving consideration to the contractual terms of the stock-based awards, vesting schedules and expectations of future employee behavior.\nThe interest rate for periods within the contractual life of the award was based on the U. S.  Treasury yield curve in effect at the time of grant.\nThe estimation of awards that will ultimately vest requires judgment, and to the extent actual results or updated estimates differ from our current estimates, such amounts will be recorded as a cumulative adjustment in the period estimates are revised.\nWe consider many factors when estimating forfeitures, including employee class and historical experience."}
{"_id": "d87d418b4", "title": "", "text": "The following discusses the underwriting results for each of our segments for the periods indicated.\nU. S.  Reinsurance.\nThe following table presents the underwriting results and ratios for the U. S.  Reinsurance segment for the periods indicated."}
{"_id": "d82400930", "title": "", "text": "| Current assets $513,782 | Property, plant and equipment | Other assets | Trademarks | Goodwill | Total assets acquired | Current liabilities | Long-term liabilities | Total liabilities assumed | Net assets acquired |"}
{"_id": "d8e211730", "title": "", "text": "| Television Service InternationalSubscribers/Viewers(millions) | Quest | Dsport | Nordic broadcast networks(a) | Quest Red | Giallo | Frisbee | Focus | K2 | Nove | Discovery HD World | DKISS | Shed | Discovery HD Theater | Discovery History | Discovery Civilization | Discovery World | Discovery en Espanol (U.S.) | Discovery Familia (U.S.) | Discovery Historia |"}
{"_id": "d87f3c25e", "title": "", "text": "| ($ in millions) 2012 2011 2010 | Allstate Protection | Auto | Homeowners | Other lines | Total Allstate Protection | Discontinued Lines and Coverages | Asbestos | Environmental | Other discontinued lines | Total Discontinued Lines and Coverages | Total Property-Liability |"}
{"_id": "d8cd01188", "title": "", "text": "| (in millions) Net Unrealized Gains (Losses) on Derivatives Net Unrealized Gains (Losses) on Securities Defined Benefit Pension Plans Total AOCI | Balance at January 1, 2012 | Other comprehensive (loss) income before reclassifications | Other than temporary impairment not recognized in earnings on securities | Amounts reclassified from other comprehensive income | Net other comprehensive income (loss) | Balance at December 31, 2012 | Other comprehensive loss before reclassifications | Other than temporary impairment not recognized in earnings on securities | Amounts reclassified from other comprehensive income | Net other comprehensive (loss) income | Balance at December 31, 2013 | Other comprehensive income before reclassifications | Other than temporary impairment not recognized in earnings on securities | Amounts reclassified from other comprehensive income | Net other comprehensive income (loss) | Balance at December 31, 2014 |"}
{"_id": "d8e5fd7ae", "title": "", "text": "(1) In the first quarter of 2016, we completed the acquisition of 100% of the ordinary voting shares of Veda for cash consideration plus debt assumed of approximately $1.9 billion.\nThe acquisition provides a strong platform for Equifax to offer data and analytic services and further broaden the Companys geographic footprint.\nAdditionally, on August 23, 2016, the Company completed the acquisition of 100% of the assets and certain liabilities of unemployment tax and claims management specialists Barnett & Associates (Barnett), as well as the verifications business, Computersoft, LLC (Computersoft).\nFor the year ended December 31, 2016, we recorded $40.2 million ($28.2 million, net of tax) for Veda acquisition related amounts.\nOf this amount, $30.1 million relates to transaction and integration costs in operating income, $9.2 million is recorded in other income and is the impact of\nwas part of our Employer Services business within our Workforce Solutions operating segment, for a total of $47.5 million.\n$3.5 million of the proceeds of the sale of Talent Management Services was placed into an escrow account to be released to us at a later date.\nDuring 2014, we received $0.6 million of the proceeds from the escrow.\nFor additional information about our acquisitions, see Note 3 of the Notes to Consolidated Financial Statements in this report.\nFinancing Activities"}
{"_id": "d81d75aca", "title": "", "text": "The contracts were valued as of April 1, 2002, and an asset and a corresponding gain of $127 million, net of income taxes, was recorded as a cumulative effect of a change in accounting principle in the second quarter of 2002.\nThe majority of the gain recorded relates to the Warrior Run contract, as the asset value of the Deepwater contract on April 1, 2002, was less than $1 million.\nThe Warrior Run contract qualifies and was designated as a cash flow hedge as defined by SFAS No.133 and hedge accounting is applied for this contract subsequent to April 1, 2002.\nThe contract valuations were performed using current forward electricity and gas price quotes and current market data for other contract variables.\nThe forward curves used to value the contracts include certain assumptions, including projections of future electricity and gas prices in periods where future prices are not quoted.\nFluctuations in market prices and their impact on the assumptions will cause the value of these contracts to change.\nSuch fluctuations will increase the volatility of the Company’s reported results of operations.11.\nCOMMITMENTS, CONTINGENCIES AND RISKS OPERATING LEASES—As of December 31, 2002, the Company was obligated under long-term non-cancelable operating leases, primarily for office rental and site leases.\nRental expense for operating leases, excluding amounts related to the sale/leaseback discussed below, was $31 million $32 million and $13 million in the years ended December 31, 2002, 2001and 2000, respectively, including commitments of businesses classified as discontinued amounting to $6 million in 2002, $16 million in 2001 and $6 million in 2000.\nThe future minimum lease commitments under these leases are as follows (in millions):"}
{"_id": "d8aa044a0", "title": "", "text": "| ( In millions) Employee- Related   Costs Asset   Write-offs Contract Terminations Other Exit Costs Total | Fiscal 2009 | Fiscal 2010 | Charges recorded through June 30, 2010 |"}
{"_id": "d8e2396e0", "title": "", "text": "| Year Ended December 31 2007 2006 | (In millions, except per share data) | Net income attributable to Loews common stock: | Income from continuing operations | Discontinued operations, net | Net income attributable to Loews common stock | Net income attributable to Carolina Group stock | Consolidated net income | Net income per share: | Loews common stock | Income from continuing operations | Discontinued operations, net | Loews common stock | Carolina Group stock |"}
{"_id": "d88a93404", "title": "", "text": "| December 31 2014 2013 2012 | Michigan | Texas | California | Other Markets: | Arizona | Florida | Canada | Total Other Markets | Total | In millions | Maturities of long-term debt (a) | Lease obligations | Purchase obligations (b) | Total (c) | Natural Gas and Casinghead Gas (MMcf) | United States | Proved reserves as of: | December 31, 2004 | Revisions of previous estimates-2 | Extensions, discoveries and other additions-3 | Purchase of minerals in place-4 | Sale of minerals in place | Production | December 31, 2005 | Revisions of previous estimates-5 | Extensions, discoveries and other additions-6 | Purchase of minerals in place-7 | Sale of minerals in place-8 | Production | December 31, 2006 | Revisions of previous estimates-9 | Extensions, discoveries and other additions-10 | Purchase of minerals in place | Sale of minerals in place | Production | December 31, 2007 | Proved developed reserves as of: | December 31, 2004 | December 31, 2005 | December 31, 2006 | December 31, 2007 |"}
{"_id": "d8b445612", "title": "", "text": "| Year Ended December 31, 2014 Versus 2013 Year Ended December 31, 2013 Versus 2012 | (in millions) | Interest Income | Interest-bearing cash and due from banks and deposits in banks | Taxable investment securities | Non-taxable investment securities | Total investment securities | Commercial | Commercial real estate | Leases | Total commercial | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others-1 | Home equity lines of credit serviced by others-1 | Automobile | Student | Credit cards | Other retail | Total retail | Total loans and leases | Loans held for sale | Other loans held for sale | Total interest income | Interest Expense | Checking with interest | Money market and savings | Term deposits | Total interest-bearing deposits | Interest-bearing deposits held for sale | Federal funds purchased and securities sold under agreements to repurchase | Other short-term borrowed funds | Long-term borrowed funds | Total borrowed funds | Total interest expense | Net interest income | High | Fiscal year ending January 29, 2012 | First Quarter (through March 10, 2011) | Fiscal year ended January 30, 2011 | Fourth Quarter | Third Quarter | Second Quarter | First Quarter | Fiscal year ended January 31, 2010 | Fourth Quarter | Third Quarter | Second Quarter | First Quarter | 2017 | 2018 | 2019 | 2020 | 2021 | Total | Years ended December 31, | Time Lapse Restricted Stock: | Pre-tax compensation expense | Tax benefit | Restricted stock expense, net of tax |"}
{"_id": "d8f696c0a", "title": "", "text": "| Amount (In Millions) | 2012 net revenue | Retail electric price | Louisiana Act 55 financing savings obligation | Grand Gulf recovery | Volume/weather | Fuel recovery | MISO deferral | Decommissioning trusts | Other | 2013 net revenue |"}
{"_id": "d8a854452", "title": "", "text": "| Plan Category Securities to be Issued Upon Exercise of Outstanding Options and Rights (a) Weighted Average Exercise Price of Outstanding Options (b) Securities Available For Future Issuance Under Equity Compensation Plans (c) | Equity compensation plans approved by security holders | Equity compensation plans not approved by securityholders | Total |"}
{"_id": "d864a8af0", "title": "", "text": "| 2007 2006 | Compensation expense: | Additional amount recorded | Reduction of income tax expense | Cash flows received from exercise of stock options | Tax benefit realized from reduction of income taxes payable: | Reduction of goodwill for tax benefit of vested stock options converted in the Amegy acquisition and exercised during the year | Included in common stock as net stock options exercised | Reduction of deferred tax assets and current income tax expense | Total tax benefit | 2007 | Weighted average of fair value for options granted | Weighted average assumptions used: | Expected dividend yield | Expected volatility | Risk-free interest rate | Expected life (in years) | Number of shares | Balance at December 31, 2004 | Granted | Assumed in acquisition | Exercised | Expired | Forfeited | Balance at December 31, 2005 | Granted | Exercised | Expired | Forfeited | Balance at December 31, 2006 | Granted | Exercised | Expired | Forfeited | Balance at December 31, 2007 | Outstanding stock options exercisable as of: | December 31, 2007 | December 31, 2006 | December 31, 2005 |"}
{"_id": "d8110acf4", "title": "", "text": "The Company entered into agreements with various governmental entities in the states of Kentucky, Georgia and Tennessee to implement tax abatement plans related to its distribution center in Franklin, Kentucky (Simpson County), its distribution center in Macon, Georgia (Bibb County), and its Store Support Center in Brentwood, Tennessee (Williamson County).\nThe tax abatement plans provide for reduction of real property taxes for specified time frames by legally transferring title to its real property in exchange for industrial revenue bonds.\nThis property was then leased back to the Company.\nNo cash was exchanged.\nThe lease payments are equal to the amount of the payments on the bonds.\nThe tax abatement period extends through the term of the lease, which coincides with the maturity date of the bonds.\nAt any time, the Company has the option to purchase the real property by paying off the bonds, plus $1."}
{"_id": "d8d83b68e", "title": "", "text": "Table of Contents SYNOPSYS, INC. IRS Examinations In the first quarter of fiscal 2014, the Company reached final settlement with the Examination Division of the IRS on the remaining fiscal 2012 issues and recognized approximately $10.0 million in unrecognized tax benefits.\nIn the fourth quarter of fiscal 2014, the Company reached final settlement with the IRS for its audit of fiscal 2013 and recognized approximately $5.5 million in unrecognized tax benefits.\nIn the third and fourth quarters of fiscal 2013, the Company reached settlement with the IRS for its audit of certain fiscal 2012 issues, which resulted in a decrease in unrecognized tax benefits of $6.0 million, decrease in deferred tax assets of $4.9 million and a $1.1 million net tax benefit.\nIn the third quarter of fiscal 2012, the Company reached a final settlement with the IRS for its audits of fiscal years 2010 and 2011.\nAs a result of the settlement, the Company’s unrecognized tax benefits decreased by $24.7 million and the impact to other balance sheet tax accounts was not material.\nThe net tax benefit resulting from the settlement was $15.9 million.\nNon-U.\nS.  Examinations Taiwan On February 11, 2014 and April 1, 2014, the Company reached settlements with the Taiwan tax authorities for fiscal years 2010 and 2009, respectively, with regard to certain transfer pricing issues.\nAs a result of the settlements and the application of the settlement to other open fiscal years, the Company’s unrecognized tax benefits decreased by $5.1 million.\nThe net tax benefit resulting from the settlements and the application to other open fiscal years was $3.9 million.\nOn June 21, 2012, the Company reached a settlement with the Taiwan tax authorities for fiscal 2008 with regard to certain transfer pricing issues.\nAs a result of the settlement and the application of the settlement to other open fiscal years, the Company’s unrecognized tax benefits decreased by $16.5 million.\nThe net tax benefit resulting from the settlement and the application to other open fiscal years was $14.7 million.\nCertain of the Company’s income tax returns in Taiwan are under review for fiscal years 2011 through 2013.\nThe Company believes that it has adequately provided for potential tax adjustments, including interest and potential penalties.\nHungary On March 5, 2012, the Company reached a settlement with the Hungarian tax authorities with regard to its fiscal years 2006 through 2008.\nThe settlement resulted in a $5.1 million cash payment.\nOn May 10, 2012 the Company reached a settlement with the Hungarian tax authorities for fiscal years 2009 and 2010.\nThe settlement resulted in a $6.3 million benefit principally from interest in the second quarter, a $3.2 million reduction to prepaid taxes in the third quarter, and a cash payment of $10.9 million in the fourth quarter of fiscal 2012.\nThe settlements of fiscal years 2006 through 2010 reduced unrecognized tax benefits by $27.0 million and $24.2 million in the second and third quarter of fiscal 2012, respectively.\nNote 12.\nOther Income (Expense), Net The following table presents the components of other income (expense), net:"}
{"_id": "d8c783c9c", "title": "", "text": "Stock Options and Other Stock Plans We have 100,962 options outstanding under the 1993 Stock Option and Retention Stock Plan of Union Pacific Corporation (1993 Plan).\nThere are 7,140 restricted shares outstanding under the 1992 Restricted Stock Plan for Non-Employee Directors of Union Pacific Corporation.\nWe no longer grant options or awards of retention shares and units under these plans.\nIn April 2000, the shareholders approved the Union Pacific Corporation 2000 Directors Plan (Directors Plan) whereby 1,100,000 shares of our common stock were reserved for issuance to our non-employee directors.\nUnder the Directors Plan, each non-employee director, upon his or her initial election to the Board of Directors, receives a grant of 2,000 shares of retention shares or retention stock units.\nPrior to December 31, 2007, each non-employee director received annually an option to purchase at fair value a number of shares of our common stock, not to exceed 10,000 shares during any calendar year, determined by dividing 60,000 by 1/3 of the fair market value of one share of our common stock on the date of such Board of Directors meeting, with the resulting quotient rounded up or down to the nearest 50 shares.\nAs of December 31, 2009, 18,000 restricted shares were outstanding under the Directors Plan and 292,000 options were outstanding under the Directors Plan.\nThe Union Pacific Corporation 2001 Stock Incentive Plan (2001 Plan) was approved by the shareholders in April 2001.\nThe 2001 Plan reserved 24,000,000 shares of our common stock for issuance to eligible employees of the Corporation and its subsidiaries in the form of non-qualified options, incentive stock options, retention shares, stock units, and incentive bonus awards.\nNon-employee directors were not eligible for awards under the 2001 Plan.\nAs of December 31, 2009, 3,366,230 options were outstanding under the 2001 Plan.\nWe no longer grant any stock options or other stock or unit awards under this plan.\nThe Union Pacific Corporation 2004 Stock Incentive Plan (2004 Plan) was approved by shareholders in April 2004.\nThe 2004 Plan reserved 42,000,000 shares of our common stock for issuance, plus any shares subject to awards made under the 2001 Plan and the 1993 Plan that were outstanding on April 16, 2004, and became available for regrant pursuant to the terms of the 2004 Plan.\nUnder the 2004 Plan, nonqualified options, stock appreciation rights, retention shares, stock units, and incentive bonus awards may be granted to eligible employees of the Corporation and its subsidiaries.\nNon-employee directors are not eligible for awards under the 2004 Plan.\nAs of December 31, 2009, 8,939,710 options and 3,778,997 retention shares and stock units were outstanding under the 2004 Plan.\nPursuant to the above plans 33,559,150; 36,961,123; and 38,601,728 shares of our common stock were authorized and available for grant at December 31, 2009, 2008, and 2007, respectively.\nStock Options  We estimate the fair value of our stock option awards using the Black-Scholes option pricing model.\nGroups of employees and non-employee directors that have similar historical and expected exercise behavior are considered separately for valuation purposes.\nThe table below shows the annual weighted-average assumptions used for valuation purposes:"}
{"_id": "d88fc65b6", "title": "", "text": "Table of Contents certain allocated direct costs.\nAs part of this review, we allocate certain corporate overhead costs to a corporate account.\nWe do not allocate income taxes to our segments.\nAdditionally, our management reporting model is predicated on average asset balances; therefore, period-end asset balances are not presented for segment reporting purposes.\nChanges in an individual client’s primary relationship designation have resulted, and in the future may result, in the inclusion of certain clients in different segments in different periods.\nEffective January 1, 2011, we have three segments for management reporting purposes: Global Commercial Bank, SVB Private Bank and SVB Capital.\nPreviously, we reported based on four segments: Global Commercial Bank, Relationship Management, SVB Capital and Other Business Services.\nWe have reclassified all prior period amounts to conform to the current period’s presentation.\nRefer to Note 20—“Segment Reporting” of the “Notes to Consolidated Financial Statements” under Part II, Item 8 of this report for further details.\nThe following is our segment information for 2011, 2010 and 2009, respectively."}
{"_id": "d8f68a2de", "title": "", "text": "| Year Ended December 31, | 2012 | Electric Energy Delivered(millions of kWh) | Total deliveries to O&R full service customers | Delivery service for retail choice customers | Total Deliveries In Franchise Area | Electric Energy Delivered($ in millions) | Total deliveries to O&R full service customers | Delivery service for retail choice customers | Other operating revenues | Total Deliveries In Franchise Area | Average Revenue Per kWh Sold(Cents) | Residential | Commercial and Industrial |"}
{"_id": "d86a8753e", "title": "", "text": "| Year Ended December 31 2005 2004 2003 | Nuclear submarines | Surface combatants | Auxiliary and commercial ships | Repair and other services | $4,695 |"}
{"_id": "d85dae4e8", "title": "", "text": "1.\nOrganization and Significant Accounting Policies (continued) Commodity Futures Contracts In addition to entering into supply arrangements in the normal course of business, the company, primarily for its discontinued operation, also enters into futures contracts to fix the cost of certain raw material purchases, principally copper and aluminum, with the objective of minimizing changes in cost due to market price fluctuations.\nThe hedging strategy for achieving this objective is to purchase commodities futures contracts on the open market of the London Metals Exchange (LME) or over the counter contracts based on the LME.\nWith one of its brokers, the company is required to make cash deposits on unrealized losses on commodity derivative contracts that exceed $10.0 million.\nThe after-tax gain of the effective portion of the contracts of $5.8 million as of December 31, 2010 was recorded in accumulated other comprehensive loss, and will be reclassified into cost of products sold or earnings from discontinued operations in the period in which the underlying transaction is recorded in earnings.\nThe effective portion of the contracts will be reclassified within one year.\nContracts related to the company's discontinued operation that expire after the expected closing date no longer qualify for hedge accounting, therefore the change in valuation from the announcement of the sale to year end of $0.7 million was recorded in earnings from discontinued operations.\nCommodity hedges outstanding at December 31, 2010 are a total of approximately 10.9 million pounds of copper and aluminum.\nForeign Currency Forward Contracts The company is exposed to foreign currency exchange risk as a result of transactions in currencies other than the functional currency of certain subsidiaries.\nThe company utilizes foreign currency forward purchase and sale contracts to manage the volatility associated with foreign currency purchases, sales and certain intercompany transactions in the normal course of business.\nPrincipal currencies include the Mexican peso, Canadian dollar and Euro.\nGains and losses on these instruments are recorded in accumulated other comprehensive loss, net of tax, until the underlying transaction is recorded in earnings.\nWhen the hedged item is realized, gains or losses are reclassified from accumulated other comprehensive loss to the statement of earnings.\nThe assessment of effectiveness for forward contracts is based on changes in the forward rates.\nThese hedges have been determined to be effective.\nThe majority of the amounts in accumulated other comprehensive loss for cash flow hedges is expected to be reclassified into earnings within one year and all of the hedges will be reclassified into earnings no later than September 4, 2012.\nContracts related to the company's discontinued operation that expire after the expected closing date no longer qualify for hedge accounting, therefore the change in valuation from the announcement of the sale to year end of $0.4 million was recorded in earnings from discontinued operations.\nThe following table summarizes, by currency, the contractual amounts of the company's foreign currency forward contracts for continuing operations."}
{"_id": "d8dfa1716", "title": "", "text": "| Fair Value of Level 3 at December 31, 2016 (Millions of Dollars) Valuation Techniques Unobservable Inputs Range | Electricity | Discounted Cash Flow | Transmission Congestion Contracts/Financial Transmission Rights | Discount/(premium) to adjust auction prices for historical monthly realized settlements (b) | Inter-zonal forward price curves adjusted for historical zonal losses (b) | Total Con Edison — Commodity | Transmission Congestion Contracts | Discount/(premium) to adjust auction prices for historical monthly realized settlements (b) |"}
{"_id": "d8d3fbc9a", "title": "", "text": "| Economic Value of Equity at Risk (%) | Basis point change scenario | Board policy limits | December 31, 2013 |"}
{"_id": "d87772046", "title": "", "text": "| AMOUNT RECLASSIFIED OUT OF AOCI | AOCI COMPONENTS | Unrealized (gains) and losses on derivative contracts: | Truck, Parts and Other | Foreign-exchange contracts | Cost of sales and revenues | Interest and other expense, net | Financial Services | Interest-rate contracts | Pre-tax expense increase (reduction) | Tax (benefit) expense | After-tax expense increase (reduction) | Unrealized (gains) and losses on marketable debt securities: | Marketable debt securities | Tax expense | After-tax income increase | Pension plans: | Truck, Parts and Other | Actuarial loss | Selling, general and administrative | 26.6 | Prior service costs | Selling, general and administrative | 1.2 | Financial Services | Actuarial loss | Pre-tax expense increase | Tax benefit | After-tax expense increase | Total reclassifications out of AOCI |"}
{"_id": "d8ce92006", "title": "", "text": "DISCONTINUED OPERATIONS The Company continues to focus its management and fi nancial resources on the McDonalds restaurant business as it believes the opportunities for growth remain signifi cant.\nAccordingly, during the third quarter 2007, the Company sold its investment in Boston Market.\nIn 2006, the Company disposed of its investment in Chipotle via public stock offerings in the fi rst and second quarters and a tax-free exchange for McDonalds common stock in the fourth quarter.\nAs a result of the disposals during 2007 and 2006, both Boston Markets and Chipotles results of operations and transaction gains are refl ected as discontinued operations.\nIn connection with the Companys sale of its investment in Boston Market in August 2007, the Company received proceeds of approximately $250 million and recorded a gain of $68.6 million after tax.\nIn addition, Boston Markets net income (loss) for 2007, 2006 and 2005 was ($8.5) million, $6.9 million and $8.8 million, respectively.\nIn fi rst quarter 2006, Chipotle completed an IPO of 6.1 million shares resulting in a tax-free gain to McDonalds of $32.0 million to refl ect an increase in the carrying value of the Companys investment as a result of Chipotle selling shares in the public offering.\nConcurrent with the IPO, McDonalds sold 3.0 million Chipotle shares, resulting in net proceeds to the Company of $61.4 million and an additional gain of $13.6 million after tax.\nIn second quarter 2006, McDonalds sold an additional 4.5 million Chipotle shares, resulting in net proceeds to the Company of $267.4 million and a gain of $127.8 million after tax, while still retaining majority ownership.\nIn fourth quarter 2006, the Company completely separated from Chipotle through a noncash, tax-free exchange of its remaining Chipotle shares for its common stock.\nMcDonalds accepted 18.6 million shares of its common stock in exchange for the 16.5 million shares of Chipotle class B common stock held by McDonalds and recorded a tax-free gain of $479.6 million.\nIn addition, Chipotles net income for 2006 was $18.2 million and 2005 was $15.8 million.\nBoston Markets and Chipotles results of operations (exclusive of the transaction gains), which previously were included in Other Countries & Corporate, consisted of revenues and pretax income (loss) as follows:"}
{"_id": "d80f34dda", "title": "", "text": "| December 31, 2007 | Aaa | Cost or | Amortized | Cost | (In millions) | 2003 & Prior | 2004 | 2005 | 2006 | 2007 | Total |"}
{"_id": "d8943f3e0", "title": "", "text": "REINSURANCE AGREEMENTS We have two wholly-owned captive insurance subsidiaries which provide reinsurance to third-party insurers related to insurance sold to our customers.\nThese subsidiaries enter into various types of reinsurance agreements with third-party insurers where the subsidiary assumes the risk of loss through either an excess of loss or quota share agreement up to 100% reinsurance.\nIn excess of loss agreements, these subsidiaries assume the risk of loss for an excess layer of coverage up to specified limits, once a defined first loss percentage is met.\nIn quota share agreements, the subsidiaries and third-party insurers share the responsibility for payment of all claims.\nThese subsidiaries provide reinsurance for accidental death & dismemberment, credit life, accident & health, lender placed"}
{"_id": "d8779f320", "title": "", "text": "Capital Markets and Advisory Services CMAS provides financial products, advisory services and financing globally to our institutional investor clients in support of their investing and trading activities.\nWe also work with our commercial and corporate issuer clients to provide debt and equity underwriting and distribution capabilities, merger-related advisory services and risk management solutions using interest rate, equity, credit, currency and commodity derivatives, foreign exchange, fixed income and mortgage-related products.\nThe business may take positions in these products and participate in market-making activities dealing in government securities, equity and equity-linked securities, high-grade and high-yield corporate debt securities, commercial paper, mortgage-backed securities and ABS.\nUnderwriting debt and equity, securities research and certain market-based activities are executed through Banc of America Securities, LLC which is a primary dealer in the U. S. In January 2008, we announced changes in our CMAS business which better align the strategy of this business with GCIBs broader integrated platform.\nWe will continue to provide corporate, commercial and sponsored clients with debt and equity capital-raising services, strategic advice, and a full range of corporate banking capabilities.\nWe will reduce activities in certain structured products (e. g. , CDOs) and will resize the international platform to emphasize debt, cash management, and trading services, including rates and foreign exchange.\nThe realignment will result in the reduction of front office personnel with additional infrastructure headcount reduction to follow.\nWe also plan to sell our equity prime brokerage business.\nCMAS evaluates its results using market-based revenue that is comprised of net interest income and noninterest income.\nThe following table presents further detail regarding market-based revenue."}
{"_id": "d8e08326a", "title": "", "text": "Wood Products sales in the United States in 2005 of $1.6 billion were up 3% from $1.5 billion in 2004 and 18% from $1.3 billion in 2003.\nAverage price realizations for lumber were up 6% and 21% in 2005 compared with 2004 and 2003, respectively.\nLumber sales volumes in 2005 were up 5% versus 2004 and 10% versus 2003.\nAverage sales prices for plywood were down 4% from 2004, but were 15% higher than in 2003.\nPlywood sales volumes in 2005 were slightly higher than 2004 and 2003.\nOperating profits in 2005 were 18% lower than 2004, but nearly three times higher than 2003.\nLower average plywood prices and higher raw material costs more than offset the effects of higher average lumber prices, volume increases and a positive sales mix.\nIn 2005, log costs were up 9% versus 2004, negatively impacting both plywood and lumber profits.\nLumber and plywood operating costs also reflected substantially higher glue and natural gas costs versus both 2004 and 2003.\nLooking forward to the first quarter of 2006, a continued strong housing market, combined with low product inventory in the distribution chain, should translate into continued strong lumber and plywood demand.\nHowever, a possible softening of housing starts and higher interest rates later in the year could put downward pressure on pricing in the second half of 2006.\nSpecialty Businesses and Other The Specialty Businesses and Other segment includes the operating results of Arizona Chemical, European Distribution and, prior to its closure in 2003, our Natchez, Mississippi chemical cellulose pulp mill.\nAlso included are certain divested businesses whose results are included in this segment for periods prior to their sale or closure.\nThis segments 2005 net sales declined 18% and 26% from 2004 and 2003, respectively.\nOperating profits in 2005 were down substantially from both 2004 and 2003.\nThe decline in sales principally reflects declining contributions from businesses sold or closed.\nOperating profits were also affected by higher energy and raw material costs in our Chemical business."}
{"_id": "d87b224ca", "title": "", "text": "| Components of change during the year Change | Prior year   amount | 2006 | 2005 |"}
{"_id": "d8aaf8636", "title": "", "text": "Market Risk Related to Foreign Currency Exchange Rates As a U. S. -based company with significant business operations outside of the U. S. , particularly in Japan, we are exposed to foreign currency exchange rate risk related to these operations, as well as in our general account investment portfolio and other proprietary investment portfolios.\nFor our international insurance operations, changes in foreign currency exchange rates create risk that we may experience volatility in the U. S.  dollar-equivalent earnings and equity of these operations.\nWe actively manage this risk through various hedging strategies, including the use of foreign currency hedges and through holding U. S.  dollar-denominated securities in the investment portfolios of certain of these operations.\nAdditionally, our Japanese insurance operations offer a variety of non-yen denominated products which are supported by investments in corresponding currencies.\nWhile these non-yen denominated assets are economically matched, the accounting may differ for changes in the value of these assets and liabilities due to moves in foreign currency exchange rates, resulting in volatility in reported U. S.  GAAP earnings.\nBeginning in 2015 we have mitigated this volatility through the implementation of a new structure in Gibraltar Life that disaggregated the U. S.  and Australian dollar-denominated businesses into separate divisions, each with its own functional currency that aligns with the underlying products and investments.\nFor certain of our international insurance operations outside of Japan, we elect to not hedge the risk of changes in our equity investments due to foreign exchange rate movements.\nFor further information, see Managements Discussion and Analysis of Financial Condition and Results of OperationsInternational Insurance DivisionImpact of foreign currency exchange rate movements on earningsU.\nS.  GAAP earnings impact of products denominated in non-local currencies above.\nFor our domestic general account investment portfolios supporting our U. S.  insurance operations and other proprietary investment portfolios, our foreign currency exchange rate risk arises primarily from investments that are denominated in foreign currencies.\nWe manage this risk by hedging substantially all domestic foreign currency denominated fixed income investments into U. S.  dollars.\nWe generally do not hedge all of the foreign currency risk of our investments in equity securities of unaffiliated foreign entities."}
{"_id": "d8acd36e0", "title": "", "text": "| In Millions | DB Pension Plan | Years Ended December 31 | CMS Energy, including Consumers | Benefit obligation at beginning of period | Service cost | Interest cost | Plan amendments | Actuarial (gain) loss | Benefits paid | Benefit obligation at end of period | Plan assets at fair value at beginning of period | Actual return on plan assets | Company contribution | Actual benefits paid | Plan assets at fair value at end of period | Funded status | Consumers | Benefit obligation at beginning of period | Service cost | Interest cost | Plan amendments | Actuarial (gain) loss | Benefits paid | Benefit obligation at end of period | Plan assets at fair value at beginning of period | Actual return on plan assets | Company contribution | Actual benefits paid | Plan assets at fair value at end of period | Funded status |"}
{"_id": "d89e28a82", "title": "", "text": "| Capital adequacy 2013 | December 31, | Total risk-weighted assets(in millions) | Tier 1 leverage ratio-10 | Tier 1 risk-based capital ratio-10 | Total risk-based capital ratio-10 | Tier 1 common risk-based capital ratio-11 | Tangible common equity / tangible asset ratio-8 | Tangible equity / tangible asset ratio-9 | Tangible common equity / risk-weighted assets ratio |"}
{"_id": "d88c9d506", "title": "", "text": "| 2009 2008 | Available- for-Sale Investments | Beginning balance January 1 | Net transfers in to (out of) Level 3(1) | Purchases, sales, settlements, net | Total realized and unrealized gains (losses) | Included in: | Earnings-2 | Comprehensive income | Ending balance at December 31 | Losses recorded in earnings for Level 3 assets still held at December 31 |"}
{"_id": "d8f2d7826", "title": "", "text": "| Type of cost Total amount incurred  Restructuring charges: Termination benefits Fixed asset write-offs Other -1 | $67 million | Restructuring-related expenses: | Retention incentives | $66 million | $16 million | $43 million | $427 million |"}
{"_id": "d81e68806", "title": "", "text": "Property, Plant and Equipment As of December 31, 2018, the carrying value of our property, plant and equipment, net of depreciation, was $8,232 million, or 10 percent of our total assets.\nCertain events or changes in circumstances may indicate that the recoverability of the carrying amount or remaining useful life of property, plant and equipment should be assessed, including, among others, the manner or length of time in which the Company intends to use the asset, a significant decrease in market value, a significant change in the business climate in a particular market, or a current period operating or cash flow loss combined with historical losses or projected future losses.\nWhen such events or changes in circumstances are present and an impairment test is performed, we estimate the future cash flows expected to result from the use of the asset or asset group and its eventual disposition.\nThese estimated future cash flows are consistent with those we use in our internal planning.\nIf the sum of the expected future cash flows (undiscounted and without interest charges) is less than the carrying amount, we recognize an impairment loss.\nThe impairment loss recognized is the amount by which the carrying amount exceeds the fair value.\nWe use a variety of methodologies to determine the fair value of property, plant and equipment, including appraisals and discounted cash flow models, which are consistent with the assumptions we believe a hypothetical marketplace participant would use.\nDuring the year ended December 31, 2018 and December 31, 2017, the Company recorded impairment charges of $312 million and $310 million, respectively, related to CCR’s property, plant and equipment.\nRefer to Note 17 of Notes to Consolidated Financial Statements."}
{"_id": "d8e3d6c1e", "title": "", "text": "Table of Contents 41 Segment EBIT In 2016, we recorded additional charges of $138 million for an existing loss contingency in addition to the $60 million recorded in 2015.\nIn 2015, we also incurred an impairment charge of $202 million for our light-duty diesel assets and incurred a restructuring charge of $17 million for actions primarily in the form of professional voluntary and involuntary employee separation programs in response to the continued deterioration in our global markets.\nEngine segment EBIT increased $50 million versus 2015, primarily due to an impairment of light-duty diesel assets in 2015, lower selling, general and administrative expenses, lower research, development and engineering expenses and restructuring actions and other charges in 2015, partially offset by lower gross margin and higher loss contingency charges in 2016."}
{"_id": "d8cea6470", "title": "", "text": "| As of or for the year ended December 31, (in millions) 2016 2015 2014 | Securities gains | Investment securities portfolio (average)(a) | Investment securities portfolio (period–end)(b) | Mortgage loans (average) | Mortgage loans (period-end) |"}
{"_id": "d8acd376c", "title": "", "text": "| Fiscal Year | 2016 | Weighted average fair value of options granted | Assumptions used: | Expected life (years)(1) | Risk-free interest rate-2 | Volatility-3 | Dividend yield-4 |"}
{"_id": "d8c22a11a", "title": "", "text": "Part I Item 1 Entergy Corporation, Utility operating companies, and System Energy 215 implemented to mitigate estimated impacts of off-site radiological releases in case of a hypothesized severe accident.\nIn addition to finding that the SAMA cost analysis was insufficient, the ASLB directed the NRC staff to explain why cost-beneficial SAMAs should not be required to be implemented.\nEntergy appealed the ASLB’s decision to the NRC and the NRC staff supported Entergy’s appeal, while the State of New York opposed it.\nIn December 2011 the NRC denied Entergy’s appeal as premature, stating that the appeal could be renewed at the conclusion of the ASLB proceedings.\nIn November 2011 the ASLB issued an order establishing deadlines for the submission of several rounds of testimony on most of the contentions pending before the ASLB and for the filing of motions to limit or exclude testimony.\nInitial hearings before the ASLB on the contentions for which testimony is submitted are expected to begin by the end of 2012.\nFiling deadlines for testimony on certain admitted contentions remain to be set by the ASLB.\nThe NRC staff currently is also performing its technical and environmental reviews of the application.\nThe NRC staff issued a Final Safety Evaluation Report (FSER) in August 2009, a supplement to the FSER in August 2011, and a Final Supplemental Environmental Impact Statement (FSEIS) in December 2010.\nThe NRC staff has stated its intent to file a supplemental FSEIS in May 2012.\nThe New York State Department of Environmental Conservation has taken the position that Indian Point must obtain a new state-issued Clean Water Act Section 401 water quality certification as part of the license renewal process.\nIn addition, the consistency of Indian Point’s operations with New York State’s coastal management policies must be resolved as required by the Coastal Zone Management Act.\nEntergy Wholesale Commodities’ efforts to obtain these certifications and determinations continue in 2012.\nThe hearing process is an integral component of the NRC’s regulatory framework, and evidentiary hearings on license renewal applications are not uncommon.\nEntergy intends to participate fully in the hearing process as permitted by the NRC’s hearing rules.\nAs noted in Entergy’s responses to the various intervenor filings, Entergy believes the contentions proposed by the intervenors are unsupported and without merit.\nEntergy will continue to work with the NRC staff as it completes its technical and environmental reviews of the license renewal application."}
{"_id": "d8f058186", "title": "", "text": "| Pension Benefits Postretirement Benefits | 2007 | (In millions) | Retirement plan expense | Defined benefit plans: | Service cost (benefits earned during the period) | Interest cost | Expected return on plan assets | Curtailment | Amortization of actuarial loss | Other amortization | Net periodic defined benefit plan expense | Defined contribution plans | Total retirement plan expense |"}
{"_id": "d86287370", "title": "", "text": "| Nonvested Shares, Nonvested Share Units, and Deferred Stock Units Performance-Based Nonvested Share Units | Shares | Outstanding, beginning of the year | Granted | Released | Forfeited | Outstanding, end of the year |"}
{"_id": "d8afbdc66", "title": "", "text": "CITIZENS FINANCIAL GROUP, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 152 The table below summarizes TDRs that defaulted within 12 months of their modification date during 2016, 2015 and 2014.\nFor purposes of this table, a payment default refers to a loan that becomes 90 days or more past due under the modified terms.\nAmounts represent the loans recorded investment at the time of payment default.\nLoan data includes loans meeting the criteria that were paid off in full, charged off, or sold prior to December 31, 2016 and 2015.\nIf a TDR of any loan type becomes 90 days past due after being modified, the loan is written down to the fair value of collateral less cost to sell.\nThe amount written off is charged to the ALLL."}
{"_id": "d871b1f12", "title": "", "text": "Preferred Series C Stock issued and outstanding In connection with the FirstMerit acquisition, during the 2016 third quarter, Huntington issued $100 million of preferred stock.\nAs part of this transaction, Huntington issued 4,000,000 depositary shares, each representing a 1/40th ownership interest in a share of 5.875% Series C Non-Cumulative Perpetual Preferred Stock (Preferred C Stock), par value $0.01 per share, with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share).\nEach holder of a depositary share, will be entitled to all proportional rights and preferences of the Preferred C Stock (including dividend, voting, redemption, and liquidation rights).\nDividends on the Preferred C Stock will be non-cumulative and payable quarterly in arrears, when, as and if authorized by the Company's board of directors or a duly authorized committee of the board and declared by the Company, at an annual rate of 5.875% per year on the liquidation preference of $1,000 per share, equivalent to $25 per depositary share.\nThe dividend payment dates will be the fifteenth day of each January, April, July and October, commencing on October 15, 2016, or the next business day if any such day is not a business day.\nThe Preferred C Stock is perpetual and has no maturity date.\nHuntington may redeem the Preferred C Stock at its option, (i) in whole or in part, from time to time, on any dividend payment date on or after October 15, 2021 or (ii) in whole but not in part, within 90 days following a regulatory capital treatment event, in each case, at a redemption price equal to $1,000 per share (equivalent to $25 per depositary share), plus any declared and unpaid dividends, without regard to any undeclared dividends, on the Series C Preferred Stock prior to the date fixed for redemption.\nIf Huntington redeems the Preferred C Stock, the depositary will redeem a proportional number of depositary shares.\nNeither the holders of Preferred C Stock nor holders of depositary shares will have the right to require the redemption or repurchase of the Preferred C Stock or the depositary shares.\nAny redemption of the Preferred C Stock is subject to Huntington's receipt of any required prior approval by the Board of Governors of the Federal Reserve System."}
{"_id": "d83f65b1c", "title": "", "text": "| 2014 2013 2012 | Sales | Income before taxes | Income tax provision | Income from operations of discontinued operations | Gain (Loss) on sale of business and impairment/write-down, net of tax | Income (Loss) from Discontinued Operations, net of tax |"}
{"_id": "d87b4dd5a", "title": "", "text": "| December 28,2013 December 29,2012 | Inventories at FIFO, net | Adjustments to state inventories at LIFO | Inventories at LIFO, net |"}
{"_id": "d85eea65e", "title": "", "text": "MetLife, Inc.  Notes to the Consolidated Financial Statements — (Continued) The Company held non-income producing fixed maturity securities with an estimated fair value of $62 million and $130 million with unrealized gains (losses) of ($19) million and ($23) million at December 31, 2011 and 2010, respectively.\nThe Company held foreign currency derivatives with notional amounts of $15.3 billion and $12.2 billion to hedge the exchange rate risk associated with foreign denominated fixed maturity securities at December 31, 2011 and 2010, respectively.\nConcentrations of Credit Risk (Fixed Maturity Securities) — Summary.\nThe following section contains a summary of the concentrations of credit risk related to fixed maturity securities holdings.\nThe Company was not exposed to any concentrations of credit risk of any single issuer greater than 10% of the Company’s equity, other than the government securities summarized in the table below.\nThe par value, amortized cost and estimated fair value of holdings in sovereign fixed maturity securities of Portugal, Ireland, Italy, Greece and Spain, commonly referred to as “Europe’s perimeter region,” was $874 million, $254 million and $264 million at December 31, 2011, respectively, and $1.9 billion, $1.6 billion and $1.6 billion at December 31, 2010, respectively.\nThe estimated fair value of these Europe perimeter region sovereign fixed maturity securities represented 0.4% and 3.2% of the Company’s equity at December 31, 2011 and 2010, respectively, and 0.1% and 0.3% of total cash and invested assets at December 31, 2011 and 2010, respectively.\nConcentrations of Credit Risk (Government and Agency Securities).\nThe following section contains a summary of the concentrations of credit risk related to government and agency fixed maturity and fixed-income securities holdings, which were greater than 10% of the Company’s equity at"}
{"_id": "d8a6e6fd4", "title": "", "text": "| Level 1 Level 2 Level 3 Netting Adjustments -4 Total | (Millions of Dollars) | Derivative assets: | Commodity | Transfer in-5(6) | Transfer out-5(6) | Commodity Total-1 | Other assets | Transfer in-5(6) | Transfer out-5(6) | Other assets-3 | Total | Derivative liabilities: | Commodity | Transfer in-5(6) | Transfer out-5(6) | Commodity Total-1 | Interest rate contract | Transfer in-5(6) | Transfer out-5(6) | Interest ratecontract-2 | Total | Level 1 | (Millions of Dollars) | Derivative assets: | Commodity-1 | Other assets-3 | Total | Derivative liabilities: | Commodity | Transfer in-5(6)(7) | Transfer out-5(6)(7) | Commodity-1 | Interest ratecontract-2 | Total |"}
{"_id": "d8924d3e8", "title": "", "text": "| Total | Goodwill | Customer-related intangible assets | Contract-based intangible assets | Property and equipment | Other current assets | Total assets acquired | Current liabilities | Minority interest in equity of subsidiary (at historical cost) | Net assets acquired |"}
{"_id": "d8637aaac", "title": "", "text": "| Available-for-sale securities Held-to-maturity securities | Maturity schedule of securities | December 31, 2005 (in millions) | Due in one year or less | Due after one year through five years | Due after five years through 10 years | Due after 10 years(b) | Total securities |"}
{"_id": "d88e580da", "title": "", "text": "| Gulf Coast 2017 2018 2019 2020 AnnualAverage for2017-2020 | (Dollars in millions unless otherwise stated) | Net Coal and Nuclear Capacity (MW)(a) | Forecasted Coal and Nuclear Capacity (MW)(b) | Total Coal and Nuclear Sales (GWh)(c) | Percentage Coal and Nuclear Capacity Sold Forward(d) | Total Forward Hedged Revenues(e) | Weighted Average Hedged Price ($ per MWh)(e) | Average Equivalent Natural Gas Price ($ per MMBtu)(e) | Gross Margin Sensitivities | Gas Price Sensitivity Up $0.50/MMBtu on Coal and Nuclear Units | Gas Price Sensitivity Down $0.50/MMBtu on Coal and Nuclear Units | Heat Rate Sensitivity Up 1 MMBtu/MWh on Coal and Nuclear Units | Heat Rate Sensitivity Down 1 MMBtu/MWh on Coal and Nuclear Units |"}
{"_id": "d8c2f12b0", "title": "", "text": "| 12/2007 12/2008 12/2009 12/2010 12/2011 12/2012 | Valero Common Stock | S&P 500 | Old Peer Group | New Peer Group |"}
{"_id": "d83392ad8", "title": "", "text": "VORNADO REALTY TRUST NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) 9.\nDebt - continued Our revolving credit facility and senior unsecured notes contain financial covenants which require us to maintain minimum interest coverage ratios and limit our debt to market capitalization ratios.\nWe believe that we have complied with all of our financial covenants as of December 31, 2007.\nOn May 9, 2006, we executed supplemental indentures with respect to our senior unsecured notes due 2007, 2009 and 2010 (collectively, the Notes), pursuant to our consent solicitation statement dated April 18, 2006, as amended.\nHolders of approximately 96.7% of the aggregate principal amount of the Notes consented to the solicitation.\nThe supplemental indentures contain modifications of certain covenants and related defined terms governing the terms of the Notes to make them consistent with corresponding provisions of the covenants and defined terms included in the senior unsecured notes due 2011 issued on February 16, 2006.\nThe supplemental indentures also include a new covenant that provides for an increase in the interest rate of the Notes upon certain decreases in the ratings assigned by rating agencies to the Notes.\nIn connection with the consent solicitation we paid an aggregate fee of $2,241,000 to the consenting note holders, which will be amortized into expense over the remaining term of the Notes.\nIn addition, we incurred advisory and professional fees aggregating $1,415,000, which were expensed in 2006.\nThe net carrying amount of properties collateralizing the notes and mortgages payable amounted to $10.920 billion at December 31, 2007.\nAs at December 31, 2007, the principal repayments required for the next five years and thereafter are as follows:"}
{"_id": "d8bd86d98", "title": "", "text": "| InvestmentServicing | Years Ended December 31, | (Dollars in millions, except where otherwise noted) | Servicing fees | Trading services | Securities finance | Processing fees and other | Total fee revenue | Net interest revenue | Gains (losses) related to investment securities, net | Total revenue | Provision for loan losses | Total expenses | Income before income tax expense | Pre-tax margin | Average assets (in billions) |"}
{"_id": "d815ddb0a", "title": "", "text": "Income Taxes 2017 Tax Act: The President signed U. S.  tax reform legislation (2017 Tax Act) on December 22, 2017, which is considered the enactment date.\nThe 2017 Tax Act includes a broad range of provisions, many of which significantly differ from those contained in previous U. S.  tax law.\nChanges in tax law are accounted for in the period of enactment.\nAs such, our 2017 consolidated financial statements reflect the immediate tax effect of the 2017 Tax Act.\nThe 2017 Tax Act contains several key provisions including, among other things: ?\na one-time tax on the mandatory deemed repatriation of post-1986 untaxed foreign earnings and profits (E&P), referred to as the toll charge; ?\na reduction in the corporate income tax rate from 35 percent to 21 percent for tax years beginning after December 31, 2017; ?\nthe introduction of a new U. S.  tax on certain off-shore earnings referred to as global intangible low-taxed income (GILTI) at an effective tax rate of 10.5 percent for tax years beginning after December 31, 2017 (increasing to 13.125 percent for tax years beginning after December 31, 2025), with a partial offset by foreign tax credits; and ?\nthe introduction of a territorial tax system beginning in 2018 by providing a 100 percent dividend received deduction on certain qualified dividends from foreign subsidiaries.\nDuring the fourth quarter of 2017, we recorded an income tax benefit of $1,272.4 million, which was comprised of the following: ?\nincome tax benefit of $715.0 million for the one-time deemed repatriation of foreign earnings.\nThis is composed of a $1,181.0 million benefit from the removal of a deferred tax liability we had recorded for the repatriation of foreign earnings prior to the 2017 Tax Act offset by $466.0 million for the toll charge recognized under the 2017 Tax Act.\nIn accordance with the 2017 Tax Act, we expect to elect to pay the toll charge in installments over eight years.\nAs of December 31, 2017, we have recorded current and non-current income tax liabilities related to the toll charge of $82.0 million and $384.0 million, respectively.  ?\nan income tax benefit of $557.4 million, primarily related to the remeasurement of our deferred tax assets and liabilities at the enacted corporate income tax rate of 21 percent.\nThe net benefit recorded was based on currently available information and interpretations made in applying the provisions of the 2017 Tax Act as of the time of filing this Annual Report on Form 10-K.  We further refined our estimates related to the impact of the 2017 Tax Act subsequent to the issuance of our earnings release for the fourth quarter of 2017.\nIn accordance with authoritative guidance issued by the SEC, the income tax effect for certain aspects of the 2017 Tax Act represent provisional amounts for which our accounting is incomplete, but with respect to which a reasonable estimate could be determined and recorded during the fourth quarter of 2017.\nThe actual effects of the 2017 Tax Act and final amounts recorded may differ materially from our current estimate of provisional amounts due to, among other things, further interpretive guidance that may be issued by U. S.  tax authorities or regulatory bodies, including the SEC and the FASB.\nWe will continue to analyze the 2017 Tax Act and any additional guidance that may be issued so we can finalize the full effects of applying the new legislation on our financial statements in the measurement period, which ends in the fourth quarter of 2018.\nWe continue to evaluate the impacts of the 2017 Tax Act and consider the amounts recorded to be provisional.\nIn addition, we are still evaluating the GILTI provisions of the 2017 Tax Act and their impact, if any, on our consolidated financial statements as of December 31, 2017.\nThe FASB allows companies to adopt an accounting policy to either recognize deferred taxes for GILTI or treat such as a tax cost in the year incurred.\nWe have not yet determined which accounting policy to adopt because determining the impact of the GILTI provisions requires analysis of our existing legal entity structure, the reversal of our U. S.  GAAP and U. S.  tax basis differences in the assets and liabilities of our foreign subsidiaries, and our ability to offset any tax with foreign tax credits.\nAs such, we did not record a deferred income tax"}
{"_id": "d8ce142d2", "title": "", "text": "| At December 31, | (dollar amounts in millions) | Total risk-weighted assets | Bank | Tier 1 risk-based capital | Bank | Tier 2 risk-based capital | Bank | Total risk-based capital | Bank | Tier 1 leverage ratio | Bank | Tier 1 risk-based capital ratio | Bank | Total risk-based capital ratio | Bank |"}
{"_id": "d82729ada", "title": "", "text": "| Years Ended December 31, Gain (Loss) | (in millions) | Assets: | Bond and equity securities | Alternative investments(a) | Other, including Short-term investments | Liabilities: | Long-term debt(b) | Other liabilities | Total gain |"}
{"_id": "d82375240", "title": "", "text": "| Dollars in millions 2017 2016 | January 1 | Total net charge-offs | Provision for credit losses | Net decrease / (increase) in allowance forunfunded loan commitments andletters of credit | Other | December 31 | Net charge-offs to average loans (for theyear ended) | Allowance for loan and lease losses tototal loans | Commercial lending net charge-offs | Consumer lending net charge-offs | Total net charge-offs | Net charge-offs to average loans (for theyear ended) | Commercial lending | Consumer lending | Year ended December 31Dollars in millions | 2017 | Commercial | Commercial realestate | Equipmentlease financing | Home equity | Residential realestate | Credit card | Other consumer | Total | 2016 | Commercial | Commercial realestate | Equipment leasefinancing | Home equity | Residential realestate | Credit card | Other consumer | Total |"}
{"_id": "d8d5bdce0", "title": "", "text": "| Current assets $288.4 | Property, plant and equipment | Goodwill | Trademarks | Other assets | Total assets acquired | Current liabilities | Long-term liabilities | Total liabilities assumed | Net assets acquired |"}
{"_id": "d85ed25cc", "title": "", "text": "| 2008 2007 2006 2005 | -$66,044 |"}
{"_id": "d87c0c16a", "title": "", "text": "| Year Ended December 31, | 2007 | ($ in thousands) | Revenues generated by Stockholder-Broker Dealer Clients and their affiliates | Commissions | Information and user access fees | Investment income | Other | Total | Percentage of revenues | Commissions | Information and user access fees | Investment income | Other | Total | Number of Stockholder Broker-Dealer Clients |"}
{"_id": "d82d2c9c8", "title": "", "text": "Financial Assurance We must provide financial assurance to governmental agencies and a variety of other entities under applicable environmental regulations relating to our landfill operations for capping, closure and post-closure costs, and related to our performance under certain collection, landfill and transfer station contracts.\nWe satisfy these financial assurance requirements by providing surety bonds, letters of credit, or insurance policies (Financial Assurance Instruments), or trust deposits, which are included in restricted cash and marketable securities and other assets in our consolidated balance sheets.\nThe amount of the financial assurance requirements for capping, closure and post-closure costs is determined by applicable state environmental regulations.\nThe financial assurance requirements for capping, closure and post-closure costs may be associated with a portion of the landfill or the entire landfill.\nGenerally, states require a third-party engineering specialist to determine the estimated capping, closure and post-closure costs that are used to determine the required amount of financial assurance for a landfill.\nThe amount of financial assurance required can, and generally will, differ from the obligation determined and recorded under U. S.  GAAP.\nThe amount of the financial assurance requirements related to contract performance varies by contract.\nAdditionally, we must provide financial assurance for our insurance program and collateral for certain performance obligations.\nWe do not expect a material increase in financial assurance requirements during 2018, although the mix of Financial Assurance Instruments may change.\nThese Financial Assurance Instruments are issued in the normal course of business and are not considered indebtedness.\nBecause we currently have no liability for the Financial Assurance Instruments, they are not reflected in our consolidated balance sheets; however, we record capping, closure and post-closure liabilities and insurance liabilities as they are incurred.\nOff-Balance Sheet Arrangements We have no off-balance sheet debt or similar obligations, other than operating leases and financial assurances, which are not classified as debt.\nWe have no transactions or obligations with related parties that are not disclosed, consolidated into or reflected in our reported financial position or results of operations.\nWe have not guaranteed any third-party debt."}
{"_id": "d89dd0dbe", "title": "", "text": "| December 31, 2015 | Fair Value | Level 1 | (in millions) | Assets: | Fixed maturities, held-to-maturity | Commercial mortgage and other loans | Policy loans | Other long-term investments | Short-term investments | Cash and cash equivalents | Accrued investment income | Other assets | Total assets | Liabilities: | Policyholders’ account balances—investment contracts | Securities sold under agreements to repurchase | Cash collateral for loaned securities | Short-term debt | Long-term debt | Notes issued by consolidated VIEs | Other liabilities | Separate account liabilities—investment contracts | Total liabilities |"}
{"_id": "d8ad5a9f6", "title": "", "text": "| 2006 2005 2004 | (Millions of Dollars) | Cash provided by (used in) operating activities | Continuing operations | Discontinued operations | Total |"}
{"_id": "d86e3849e", "title": "", "text": "| Year Ended December 31, | 2014 | (in thousands, except percentages and per share data) | Total revenue | Operating income | Operating profit margin | Net income | Earnings per share – diluted: | Diluted earnings per share | Weighted average shares – diluted | Fiscal Year Ended | Segment | Olive Garden | LongHorn Steakhouse | Fine Dining | Other Business |"}
{"_id": "d8f3eb2a8", "title": "", "text": "| 2009 2008 2007 | (Dollars in millions) | Net interest income-3 | Noninterest income: | Card income | All other income | Total noninterest income | Total revenue, net of interest expense | Provision for credit losses | Noninterest expense | Income (loss) before income taxes | Income tax expense (benefit)(3) | Net income (loss) |"}
{"_id": "d8f29f7e6", "title": "", "text": "LIQUIDITY OUTLOOK We expect our cash flow from operations, cash and cash equivalents to be sufficient to meet our anticipated operating requirements at a minimum for the next twelve months.\nWe also have a committed corporate credit facility as well as uncommitted facilities available to support our operating needs.\nWe continue to maintain a disciplined approach to managing liquidity, with flexibility over significant uses of cash, including our capital expenditures, cash used for new acquisitions, our common stock repurchase program and our common stock dividends.\nManagement’s Discussion and Analysis of Financial Condition and Results of Operations – (continued) (Amounts in Millions, Except Per Share Amounts) factors will likely differ from the estimates used in our valuation, and it is possible that differences and changes could be material.\nA deterioration in profitability, adverse market conditions, significant client losses, changes in spending levels of our existing clients or a different economic outlook than currently estimated by management could have a significant impact on the estimated fair value of our reporting units and could result in an impairment charge in the future.\nWe also perform a sensitivity analysis to detail the impact that changes in assumptions may have on the outcome of the first step of the impairment test.\nOur sensitivity analysis provides a range of fair value for each reporting unit, where the low end of the range reduces growth rates by 0.25% and increases discount rates by 0.5%, and the high end of the range increases growth rates by 0.25% and decreases discount rates by 0.5%.\nWe use the average of our fair values for purposes of our comparison between carrying value and fair value for the first step of the quantitative impairment test.\nThe table below displays the goodwill midpoint of the range for each reporting unit tested in the 2013 and 2012 annual impairment tests.\nOur results of the comparison between carrying value and fair value at the average fair value indicated that for the 2013 test there was one reporting unit and for the 2012 test there were no reporting units whose fair value exceeded its carrying value by less than 20%"}
{"_id": "d8cbbf536", "title": "", "text": "| Allstate brand | Non-Standard Auto | PIF (thousands) | Average premium-gross written (6 months) | Renewal ratio (%) (6 months) | Approved rate changes: | # of states | Countrywide (%) | State specific (%)(1) | Allstate brand | Homeowners | PIF (thousands)(1) | Average premium-gross written (12 months) | Renewal ratio (%) (12 months) | Approved rate changes-2: | # of states | Countrywide (%) | State specific (%)(3) |"}
{"_id": "d8a4a4244", "title": "", "text": "| 2013 2012 | Beginning balance | Gross increases in unrecognized tax benefits – prior year tax positions | Gross increases in unrecognized tax benefits – current year tax positions | Settlements with taxing authorities | Lapse of statute of limitations | Foreign exchange gains and losses | Ending balance |"}
{"_id": "d81f77a3a", "title": "", "text": "The goodwill was assigned to the Health and Well-Being Services segment and is not deductible for tax purposes.\nThe other intangible assets, which primarily consist of customer contracts and trade names, have a weighted average useful life of 8.4 years.\nOn October 29, 2012, we acquired a noncontrolling equity interest in MCCI Holdings, LLC, or MCCI, a privately held MSO headquartered in Miami, Florida that coordinates medical care for Medicare Advantage and Medicaid beneficiaries primarily in Florida and Texas.\nThe Metropolitan and MCCI transactions are expected to provide us with components of a successful integrated care delivery model that has demonstrated scalability to new markets.\nA substantial portion of the revenues for both Metropolitan and MCCI are derived from services provided to Humana Medicare Advantage members under capitation contracts with our health plans.\nIn addition, Metropolitan and MCCI provide services to Medicare Advantage and Medicaid members under capitation contracts with third party health plans.\nUnder these capitation agreements with Humana and third party health plans, Metropolitan and MCCI assume financial risk associated with these Medicare Advantage and Medicaid members.\nHumana Inc.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) 17.\nEXPENSES ASSOCIATED WITH LONG-DURATION INSURANCE PRODUCTS Premiums associated with our long-duration insurance products accounted for approximately 2% of our consolidated premiums and services revenue for the year ended December 31, 2012.\nWe use long-duration accounting for products such as long-term care, life insurance, annuities, and certain health and other supplemental policies sold to individuals because they are expected to remain in force for an extended period beyond one year and because premium received in the earlier years is intended to pay anticipated benefits to be incurred in future years.\nAs a result, we defer policy acquisition costs, primarily consisting of commissions, and amortize them over the estimated life of the policies in proportion to premiums earned.\nIn addition, we establish reserves for future policy benefits in recognition of the fact that some of the premium received in the earlier years is intended to pay anticipated benefits to be incurred in future years.\nThese reserves are recognized on a net level premium method based on interest rates, mortality, morbidity, withdrawal and maintenance expense assumptions from published actuarial tables, modified based upon actual experience.\nThe assumptions used to determine the liability for future policy benefits are established and locked in at the time each contract is acquired and would only change if our expected future experience deteriorated to the point that the level of the liability, together with the present value of future gross premiums, are not adequate to provide for future expected policy benefits.\nLong-term care policies provide for long-duration coverage and, therefore, our actual claims experience will emerge many years after assumptions have been established.\nThe risk of a deviation of the actual interest rates, morbidity rates, and mortality rates from those assumed in our reserves are particularly significant to our closed block of long-term care policies.\nWe monitor the loss experience of these long-term care policies and, when necessary, apply for premium rate increases through a regulatory filing and approval process in the jurisdictions in which such products were sold.\nTo the extent premium rate increases and/ or loss experience vary from our acquisition date assumptions, future adjustments to reserves could be required."}
{"_id": "d8db8ace0", "title": "", "text": "| December 31, 2009 | Public | Carrying amount | (in millions) | Three months or less | Greater than three to six months | Greater than six to nine months | Greater than nine to twelve months | Greater than twelve to twenty-four months | Greater than twenty-four to thirty-six months | Greater than thirty-six months | Total fixed maturities, available-for-sale |"}
{"_id": "d8ae62420", "title": "", "text": "Balance Sheet Overview As Adjusted Balance Sheet The following table presents a reconciliation of the Companys consolidated statement of financial condition presented on a GAAP basis to the Companys consolidated statement of financial condition excluding the impact of separate account assets and collateral held under securities lending agreements (directly related to lending securities held by separate account assets) and separate account liabilities and collateral liabilities under securities lending agreements, consolidated variable interest entities (VIEs) and consolidated sponsored investment funds.\nThe Company presents the as adjusted balance sheet as additional information to enable investors to eliminate gross presentation of certain assets that have equal and offsetting liabilities or non-controlling interests and ultimately do not have an impact on stockholders equity (excluding appropriated retained earnings related to consolidated collateralized loan obligations) or cash flows.\nManagement reviews the Companys as adjusted balance sheet, a non-GAAP financial measure, as an economic presentation of its total assets and liabilities; however, it does not advocate that investors consider such non-GAAP financial measures in isolation from, or as a substitute for, financial information prepared in accordance with GAAP.\nSeparate Account Assets and Liabilities and Collateral Held under Securities Lending Agreements The separate account assets are maintained by a wholly owned subsidiary of the Company, which is a registered life insurance company in the United Kingdom, and represent segregated assets held for purposes of funding individual and group pension contracts.\nIn accordance with GAAP, the Company records equal and offsetting separate account liabilities.\nThe separate account assets are not available to creditors of the Company and the holders of the pension contracts have no recourse to the Companys assets.\nThe net investment income attributable to separate account assets accrues directly to the contract owners and is not reported on the Companys consolidated statements of income.\nWhile\nAt December 31, 2012 and 2011, as a result of consolidation of various investment products deemed to be voting rights entities, including products where BlackRock owns 50% of greater of the voting rights of the product, under the consolidation policies described above, the Company had the following balances on its consolidated statements of financial condition:"}
{"_id": "d8c0c0680", "title": "", "text": "| December 31, 2015 December 31, 2014 | NAIC Designation-1(2) | (in millions) | 1 | 2 | Subtotal High or Highest Quality Securities-5 | 3 | 4 | 5 | 6 | Subtotal Other Securities-6(7) | Total Fixed Maturities |"}
{"_id": "d8e6b83e2", "title": "", "text": "| December 31, (in millions) 2017 2016 | Residential real estate – excluding PCI | Residential mortgage(a) | Home equity | Other consumer loans | Auto | Consumer & Business Banking(a) | Student(a) | Residential real estate – PCI | Home equity | Prime mortgage | Subprime mortgage | Option ARMs | Total retained loans |"}
{"_id": "d82a93bbc", "title": "", "text": "environmental regulations, and the continuing advancement of remediation technology.\nTaking these factors into account, Eaton has estimated the costs of remediation, which will be incurred over a period of years.\nThe Company accrues an amount on an undiscounted basis, consistent with the estimates of these costs, when it is probable that a liability has been incurred.\nAt December 31, 2012 and 2011, $125 and $62 was accrued for these costs.\nBased upon Eaton's analysis and subject to the difficulty in estimating these future costs, the Company expects that any sum it may be required to pay in connection with environmental matters is not reasonably possible to exceed the recorded liability by an amount that would have a material effect on its financial position, results of operations or cash flows.\nMarket Risk Disclosure On a regular basis, Eaton monitors third-party depository institutions that hold its cash and short-term investments, primarily for safety of principal and secondarily for maximizing yield on those funds.\nThe Company diversifies its cash and shortterm investments among counterparties to minimize exposure to any one of these entities.\nEaton also monitors the creditworthiness of its customers and suppliers to mitigate any adverse impact.\nEaton uses derivative instruments to manage exposure to volatility in raw material costs, currency and interest rates on certain debt instruments.\nDerivative financial instruments used by the Company are straightforward and non-leveraged.\nThe counterparties to these instruments are financial institutions with strong credit ratings.\nEaton maintains control over the size of positions entered into with any one counterparty and regularly monitors the credit rating of these institutions.\nSee Note 12 to the Consolidated Financial Statements for additional information about hedges and derivative financial instruments.\nEatons ability to access the commercial paper market, and the related cost of these borrowings, is based on the strength of its credit rating and overall market conditions.\nThe Company has not experienced any material limitations in its ability to access these sources of liquidity.\nAt December 31, 2012, Eaton had $2,000 of longterm revolving credit facilities with banks in support of its commercial paper program.\nIt has no direct borrowings outstanding under these credit facilities.\nEatons non-United States operations also had available short-term lines of credit of approximately $2,099 at December 31, 2012.\nInterest rate risk can be measured by calculating the short-term earnings impact that would result from adverse changes in interest rates.\nThis exposure results from short-term debt, which includes commercial paper at a floating interest rate, longterm debt that has been swapped to floating rates, and money market investments that have not been swapped to fixed rates.\nBased upon the balances of investments and floating rate debt at year end 2012, a 100 basis-point increase in short-term interest rates would have increased the Companys net, pretax interest expense by $15.\nEaton also measures interest rate risk by estimating the net amount by which the fair value of the Companys financial liabilities would change as a result of movements in interest rates.\nBased on Eatons best estimate for a hypothetical, 100 basis point decrease in interest rates at December 31, 2012, the market value of the Companys debt and interest rate swap portfolio, in aggregate, would increase by $779.\nCurrency risk is the risk of economic losses due to adverse changes in exchange rates.\nThe Company mitigates currency risk by funding some investments in certain markets through local currency financings.\nNon-United States dollar debt was $148 at December 31, 2012.\nTo augment Eatons non-United States dollar debt portfolio, the Company also enters into forward exchange contracts and currency swaps from time to time to mitigate the risk of economic loss in its investments.\nAt December 31, 2012, the aggregate balance of such contracts was $599.\nEaton also monitors exposure to transactions denominated in currencies other than the functional currency of each country in which the Company operates, and regularly enters into forward contracts to mitigate that exposure.\nIn the aggregate, Eatons portfolio of forward contracts related to such transactions was not material to its Consolidated Financial Statements."}
{"_id": "d815cd1ec", "title": "", "text": "Product Care 2016 compared with 2015 As reported, net sales decreased $30 million, or 2%, in 2016 compared with 2015, of which $22 million was due to negative currency impact.\nOn a constant dollar basis, net sales decreased $8 million, or 1%, in 2016 compared with 2015 primarily due to the following: ?\nunfavorable price/mix of $29 million primarily in North America driven by targeted pricing incentives and an unfavorable product mix related to accelerated growth in e-Commerce and a shift in demand due to more innovative, resource-efficient solutions.\nThis was partially offset by: ?\nhigher unit volumes of $21 million, primarily in North America and EMEA due to ongoing strength in the e-Commerce and third party logistics markets, partially offset by rationalization and weakness in the industrial sector, as well as declines in Latin America due to the political and economic environment.2015 compared with 2014 As reported, net sales decreased $109 million, or 7%, in 2015 compared with 2014, of which $99 million was due to negative currency impact.\nOn a constant dollar basis, net sales decreased $10 million, or 1%, in 2015 compared with 2014 primarily due to the following: ?\nlower unit volumes due to rationalization efforts in North America, Latin America and to a lesser extent, EMEA and weaknesses across the industrial sector.\nThis was partially offset by: ?\nfavorable price/mix in all regions, primarily in North America and Latin America reflecting results from our focus on maintaining pricing disciplines and an increase of sales from high-performance packaging solutions, including cushioning and packaging systems as compared to sales from general packaging solutions, and the progression of our pricing and value initiatives implemented to offset non-material inflationary costs as well as currency devaluation."}
{"_id": "d83f65c16", "title": "", "text": "| Year Ended September 30, | 2014 | Risk free interest rate | Expected life (in years) | Expected volatility | Expected dividend yield |"}
{"_id": "d87b01e96", "title": "", "text": "| Thousands of dths Delivered Revenues in Millions | Twelve Months Ended | Description | Residential | General | Firm transportation | Total firm sales and transportation | Interruptible sales | NYPA | Generation plants | Other | Other operating revenues | Total |"}
{"_id": "d8d1db1a4", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | 2010 | Attritional | Catastrophes | Total segment | 2009 | Attritional | Catastrophes | Total segment | 2008 | Attritional | Catastrophes | Total segment | Variance 2010/2009 | Attritional | Catastrophes | Total segment | Variance 2009/2008 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8f5bea12", "title": "", "text": "Risk Monitoring and Limits The risk monitoring responsibilities, owned by the business units, include ensuring compliance with market risk limits and escalation and remediation of limit breaches.\nSuch activities must be reported to the ERM Market Risk team by the relevant business unit.\nThis monitoring approach is aligned with our overall risk limits framework.\nTo control our exposure to market risk, we rely on a three-tiered hierarchy of limits that the CMRO closely monitors and reports to our CRO, senior management and risk committees.\nSee Risk Appetite, Limits, Identification, and Measurement  Risk Limits herein for further information on our three-tiered hierarchy of limits.\nLiquidity Risk Management Liquidity risk is defined as the risk that our financial condition will be adversely affected by the inability or perceived inability to meet our short-term cash, collateral or other financial obligations.\nFailure to appropriately manage liquidity risk can result in insolvency, reduced operating flexibility, increased costs, reputational harm and regulatory action.\nAIG and its legal entities seek to maintain sufficient liquidity during both the normal course of business and under defined liquidity stress scenarios to ensure that sufficient cash can be generated to meet the obligations as they come due.\nThe general operating expense ratio decreased by 0.2 points in 2015 compared to 2014, primarily due to lower employeerelated expenses partially offset by additional expense resulting from the NSM acquisition and higher technology-related expenses.2014 and 2013 Comparison The combined ratio decreased by 1.4 points in 2014 compared to 2013 reflecting decreases in the expense ratio and the loss ratio.\nThe accident year combined ratio, as adjusted, decreased by 0.9 points in 2014 compared 2013, primarily due to lower expense ratio which was partially offset by a higher accident year loss ratio, as adjusted.\nThe accident year loss ratio, as adjusted, increased by 0.2 points in 2014, compared to 2013, primarily due to higher frequency of non-severe losses, particularly in Property and Specialty businesses.\nThis was partially offset by an improvement in Financial lines, particularly in the U. S. , reflecting enhanced risk selection and pricing discipline.\nSevere losses represented approximately 2.8 points of the accident year loss ratio, as adjusted, in both 2014 and 2013.\nThe acquisition ratio decreased by 0.4 points in 2014 compared to 2013, primarily due to a reduction in expenses of personnel engaged in sales support activities and lower premium taxes and guaranty fund and other assessments.\nThe general operating expense ratio decreased by 0.7 points in 2014 compared to 2013, primarily due to efficiencies from organizational realignment initiatives, partially offset by higher technology-related expenses and an increase in bad debt expense.\nIn 2013, general operating expenses benefitted from an unusually low bad debt expense."}
{"_id": "d8e8eef12", "title": "", "text": "| 2011 2010 2009 | Beginning Balance | Increases related to tax positions taken during a prior year | Decreases related to tax positions taken during a prior year | Increases related to tax positions taken during the current year | Decreases related to settlements with taxing authorities | Decreases related to expiration of statute of limitations | Ending Balance |"}
{"_id": "d8a779fdc", "title": "", "text": "O&Rs gas sales and deliveries, excluding off-system sales, in 2012 compared with 2011 were"}
{"_id": "d828cab46", "title": "", "text": "Investment Securities Investment securities totaled $1,995.8 million, or 38% of total assets at December 31, 2003.\nDebt securities totaled $1,960.6 million, or 98% of our total investment portfolio.\nMore than 94% of our debt securities were of investment-grade quality, with an average credit rating of AA by Standard & Poors at December 31, 2003.\nMost of the debt securities that are below investment grade are rated at the higher end (B or better) of the noninvestment grade spectrum.\nOur investment policy limits investments in a single issuer and requires diversification among various asset types.\nDuration is indicative of the relationship between changes in market value to changes in interest rates, providing a general indication of the sensitivity of the fair values of our debt securities to changes in interest rates.\nHowever, actual market values may differ significantly from estimates based on duration.\nThe average duration of our debt securities was approximately 3.5 years at December 31, 2003.\nBased on this duration, a 1% increase in interest rates would generally decrease the fair value of our debt securities by approximately $70 million.\nOur investment securities are categorized as available for sale and, as a result, are stated at fair value.\nFair value of publicly traded debt and equity securities are based on quoted market prices.\nNon-traded debt securities are priced independently by a third party vendor.\nFair value of venture capital debt securities that are privately"}
{"_id": "d8a8543c6", "title": "", "text": "| 2017 2018 | Net sales | Net earnings from continuing operations common stockholders | Diluted earnings per share from continuing operations | Network Power Systems | 2016 | Net sales | Cost of sales | SG&A | Other deductions, net | Earnings (Loss) before income taxes | Income taxes | Earnings (Loss), net of tax |"}
{"_id": "d8cdd3fb6", "title": "", "text": "| Location ApproximateSize (Sq. Ft.) Segment MajorityOwned orLeased | Hamilton, NEW ZEALAND | Calgary, Alberta, CANADA | Kwinana, AUSTRALIA | Revesby, AUSTRALIA | Yangsan, KOREA | Cisterna, ITALY | Rovigo, ITALY | Cuautitlan, MEXICO | Barueri, BRAZIL | Mullingar, IRELAND | Mosta, MALTA |"}
{"_id": "d816cab26", "title": "", "text": "| Years Ended December 31, | 2007 | (Thousands of dollars) | General partner distributions | Incentive distributions | Total distributions from ONEOK Partners |"}
{"_id": "d8a919ee6", "title": "", "text": "| December 31, 2009 | Senior Unsecured   Notes | Huntington Bancshares Incorporated | Moody’s Investor Service | Standard and Poor’s | Fitch Ratings | The Huntington National Bank | Moody’s Investor Service | Standard and Poor’s | Fitch Ratings |"}
{"_id": "d8ea0ede8", "title": "", "text": "| Copper (billion pounds) Gold (million ounces) Molybdenum (billion pounds) | Reserves at December 31, 2007 | Net additions/revisions | Production | Reserves at December 31, 2008 |"}
{"_id": "d887e67d8", "title": "", "text": "| 2010  Permitted w/o   Approval -1 2009 2008 | Company | (In millions) | Metropolitan Life Insurance Company | MetLife Insurance Company of Connecticut | Metropolitan Tower Life Insurance Company | Metropolitan Property and Casualty Insurance Company |"}
{"_id": "d884dadaa", "title": "", "text": "Liquidity Risk Liquidity risk is the risk that the company will encounter difficulty in meeting obligations associated with its financial liabilities.\nThe company is exposed to liquidity risk through its $1,589.3 million in total debt.\nThe company actively manages liquidity risk by preparing cash flow forecasts for future periods, reviewing them regularly with senior management, maintaining a committed credit facility, scheduling significant gaps between major debt maturities and engaging external financing sources in regular dialog."}
{"_id": "d8f8896ac", "title": "", "text": "THE INTERPUBLIC GROUP OF COMPANIES, INC.  AND SUBSIDIARIES MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS  (Continued) (Amounts in Millions, Except Per Share Amounts) Pension and Postretirement Benefits We use various actuarial assumptions in determining our net pension and postretirement benefit costs and obligations.\nThese assumptions include discount rates and expected returns on plan assets and are updated annually or more frequently with the occurrence of significant events.\nChanges in the related pension and postretirement benefit costs may occur in the future due to changes in the assumptions.\nThe discount rate is one of the significant assumptions that impacts our net pension and postretirement costs and obligations.\nThe discount rates are determined at the beginning of the year based on prevailing interest rates as of the measurement date and are adjusted to match the duration of the underlying obligation.\nFor 2007, we plan to use weighted average discount rates of 5.68%, 4.82% and 5.75% for the domestic pension plans, foreign plans and the postretirement plan, respectively.\nChanges in the discount rates are generally due to increases or decreases in long-term interest rates.\nA higher discount rate will decrease our pension cost.\nA 25 basis point increase or decrease in the discount rate would have decreased or increased the 2006 net pension and postretirement cost by $2.3 and $0.1, respectively.\nIn addition, a 25 basis point increase or decrease in the discount rate would have decreased or increased the December 31, 2006 benefit obligation by $31.4.\nThe expected rate of return on pension plan assets is another significant assumption that impacts our net pension cost and is determined at the beginning of the year.\nChanges in the rates are due to lower or higher expected future returns based on the mix of assets held and studies performed by our external investment advisors.\nFor 2007, we plan to use weighted average expected rates of return of 8.16% and 7.57% for the domestic and foreign pension plans, respectively.\nA lower expected rate of return will increase our net pension cost.\nA 25 basis point increase or decrease in the expected return on plan assets would have decreased or increased the 2006 net pension cost by $1.1.\nSee Note 13 to the Consolidated Financial Statements for further information."}
{"_id": "d8b8ccf1e", "title": "", "text": "(a) Utility gross margin is a non-GAAP financial measure.\nSee explanation of utility gross margin under Evergy's Results of Operations.\nKCP&L's utility gross margin decreased $107.5 million in 2018 compared to 2017 driven by: ?\na $72.4 million refund obligation for the change in the corporate income tax rate caused by the passage of the TCJA.\nSee Note 19 to the consolidated financial statements for additional information; ?\n$72.9 million of sales taxes and franchise fees collected from KCP&L Missouri customers included in revenue in 2017, which as part of KCP&L's adoption of Accounting Standards Codification (ASC) 606, are now excluded from revenue in 2018; and ?\na $25.0 million reduction in revenue for one-time and annual bill credits as a result of conditions in the MPSC and KCC merger orders.\nSee Note 2 to the consolidated financial statements for additional information; partially offset by\n2015 and 2014 was $1.5 billion and $1.3 billion.\nThe aggregate notional amount of our outstanding foreign currency hedges at December 31, 2015 and 2014 was $4.1 billion and $804 million.\nDerivative instruments did not have a material impact on net earnings and comprehensive income during 2015, 2014 and 2013.\nSubstantially all of our derivatives are designated for hedge accounting.\nSee Note 16 for more information on the fair value measurements related to our derivative instruments."}
{"_id": "d8ae06184", "title": "", "text": "(1) Other International includes the North Sea, Ecuador (at December 31, 2009 and 2008), and China.\nSee Note 3.\nAcquisitions and Divestitures.\n(2) The standardized measure of discounted future net cash flows does not include cash flows relating to anticipated future methanol sales.\n(3) Production costs include oil and gas lease operating expense, production and ad valorem taxes, transportation expense and general and administrative expense supporting oil and gas operations.\nPROVED RESERVES We have historically added reserves through our exploration program, development activities, and acquisition of producing properties.\n(See Items 1.  and 2.  Business and Properties).\nChanges in proved reserves were as follows:"}
{"_id": "d8d45d030", "title": "", "text": "STOCKHOLDERS EQUITY Preferred Stock As of December 31, 2003 the Company was authorized to issue up to 20.0 million shares of $.01 par value preferred stock.\nAs of December 31, 2003 and 2002 there were no preferred shares issued or outstanding.\nBANK OF AMERICA CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements(Continued) The Corporation will continue to repurchase shares, from time to time, in the open market or in private transactions through the Corporations approved repurchase programs.\nThe Corporation expects to continue to repurchase a number of shares of common stock at least equal to any shares issued under the Corporations employee stock plans.\nAt December 31, 2005, the Corporation had 690,000 shares authorized and 382,450 shares, or $96 million, outstanding of Bank of America 6.75% Perpetual Preferred Stock with a stated value of $250 per share.\nOwnership is held in the form of depositary shares paying dividends quarterly at an annual rate of 6.75 percent.\nOn or after April 15, 2006, the Corporation may redeem Bank of America 6.75% Perpetual Preferred Stock, in whole or in part, at its option, at $250 per share, plus accrued and unpaid dividends.\nThe Corporation also had 805,000 shares authorized and 700,000 shares, or $175 million, outstanding of Bank of America Fixed/Adjustable Rate Cumulative Preferred Stock with a stated value of $250 per share.\nOwnership is held in the form of depositary shares paying dividends quarterly at an annual rate of 6.60 percent through April 1, 2006.\nAfter April 1, 2006, the dividend rate on Fixed/Adjustable Rate Cumulative Preferred Stock will be a rate per annum equal to 0.50 percent plus the highest of the Treasury Bill Rate, the Ten Year Constant Maturity Rate, and the Thirty Year Constant Maturity Rate, as each term is defined in BACs Amended and Restated Certificate of Designations establishing the Fixed/Adjustable Rate Cumulative Preferred Stock.\nThe applicable rate per annum for any dividend period beginning on or after April 1, 2006 will not be less than 7.00 percent nor greater than 13.00 percent.\nOn or after April 1, 2006, the Corporation may redeem Bank of America Fixed/Adjustable Rate Cumulative Preferred Stock, in whole or in part, at its option, at $250 per share, plus accrued and unpaid dividends.\nIn addition to the preferred stock described above, the Corporation had 35,045 shares authorized and 7,739 shares, or $1 million, outstanding of the Series B Preferred Stock with a stated value of $100 per share paying dividends quarterly at an annual rate of 7.00 percent.\nThe Corporation may redeem the Series B Preferred Stock, in whole or in part, at its option, at $100 per share, plus accrued and unpaid dividends.\nAll preferred stock outstanding has preference over our common stock with respect to the payment of dividends and distribution of our assets in the event of a liquidation or dissolution.\nExcept in certain circumstances, the holders of preferred stock have no voting rights."}
{"_id": "d8d415500", "title": "", "text": "| 2006 2005 2004 | (In thousands) | SUPPLEMENTAL DISCLOSURES: | Total interest costs incurred | Interest capitalized | Interest expense | Cash paid for interest | Cash paid for income taxes | NON-CASH FINANCING TRANSACTIONS: | Mortgage loans assumed with acquisitions |"}
{"_id": "d80ef6d0a", "title": "", "text": "| Year ended December 31, | 2007 | (in millions) | Operating results: | Revenues | Expenses | Adjusted operating income | Equity in earnings of operating joint ventures-1 | Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d8b57ce22", "title": "", "text": "Included in All Other are our Equity Investments businesses and Other.\nEquity Investments includes Principal Investing, Corporate Investments and Strategic Investments.\nPrincipal Investing is comprised of a diversified portfolio of investments in privately-held and publicly-traded companies at all stages of their life cycle from start-up to buyout.\nThese investments are made either directly in a company or held through a fund and are accounted for at fair value.\nSee Note 1 of the Consolidated Financial Statements for more information on the accounting for the Principal Investing portfolio.\nCorporate Investments primarily includes investments in publicly-traded equity securities and funds and are accounted for as AFS marketable equity securities.\nStrategic Investments includes the Corporations strategic investments such as CCB, Grupo Financiero Santander Serfin (Santander), Banco Itaú and other investments.\nThe restricted shares of CCB and Banco Itaú are currently carried at cost but, as required by GAAP, will be accounted for as AFS marketable equity securities and carried at fair value with an offset to Accumulated Other Comprehensive Income (OCI) starting one year prior to the lapse of their restrictions.\nSee Note 5 of the Consolidated Financial Statements for more information on our strategic investments.\nOur investment in Santander is accounted for under the equity method of accounting.\nIncome associated with Equity Investments is recorded in Equity Investment Gains and includes gains (losses) on sales of these equity investments, dividends, and valuations that primarily relate to the Principal Investing portfolio.\nThe following table presents the components of All Others Equity Investment Gains and a reconciliation to the total consolidated Equity Investment Gains for 2006 and 2005.\nComponents of Equity Investment Gains"}
{"_id": "d81baf8ee", "title": "", "text": "| For the fiscal years ended June 30, | 2019 | (in millions, except %) | Revenues: | Circulation and subscription | Advertising | Other | Total Revenues | Operating expenses | Selling, general and administrative | Segment EBITDA |"}
{"_id": "d8694b7d8", "title": "", "text": "ICOS Corporation On January 29, 2007, we acquired all of the outstanding common stock of ICOS Corporation (ICOS), our partner in the Lilly ICOS LLC joint venture for the manufacture and sale of Cialis for the treatment of erectile dysfunction.\nThe acquisition brought the full value of Cialis to us and enabled us to realize operational effi ciencies in the further development, marketing, and selling of this product.\nThe aggregate cash purchase price of approximately $2.3 billion was fi nanced through borrowings.\nThe acquisition has been accounted for as a business combination under the purchase method of accounting, resulting in goodwill of $646.7 million.\nNo portion of this goodwill was deductible for tax purposes.\nWe determined the following estimated fair values for the assets acquired and liabilities assumed as of the date of acquisition."}
{"_id": "d88be204e", "title": "", "text": "| Second Quarter 2012 First Quarter 2012 Fourth Quarter 2011 | (Dollars in millions) | Earning assets | Time deposits placed and other short-term investments-1 | Federal funds sold and securities borrowed or purchased under agreements to resell | Trading account assets | Debt securities-2 | Loans and leases-3: | Residential mortgage-4 | Home equity | Discontinued real estate | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer-5 | Other consumer-6 | Total consumer | U.S. commercial | Commercial real estate-7 | Commercial lease financing | Non-U.S. commercial | Total commercial | Total loans and leases | Other earning assets | Total earning assets-8 | Cash and cash equivalents-1 | Other assets, less allowance for loan and lease losses | Total assets | Interest-bearing liabilities | U.S. interest-bearing deposits: | Savings | NOW and money market deposit accounts | Consumer CDs and IRAs | Negotiable CDs, public funds and other deposits | Total U.S. interest-bearing deposits | Non-U.S. interest-bearing deposits: | Banks located in non-U.S. countries | Governments and official institutions | Time, savings and other | Total non-U.S. interest-bearing deposits | Total interest-bearing deposits | Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings | Trading account liabilities | Long-term debt | Total interest-bearing liabilities-8 | Noninterest-bearing sources: | Noninterest-bearing deposits | Other liabilities | Shareholders’ equity | Total liabilities and shareholders’ equity | Net interest spread | Impact of noninterest-bearing sources | Net interest income/yield on earning assets-1 |"}
{"_id": "d89ed6308", "title": "", "text": "| 2010 % Change 2009 % Change 2008 | Revenue | Gross Profit | Gross Profit Margin |"}
{"_id": "d88a71106", "title": "", "text": "| Year Ended December 31, Change   in $ | 2010 | (In $ millions, except percentages) | Net sales | Net sales variance | Volume | Price | Currency | Other | Operating profit | Operating margin | Other (charges) gains, net | Earnings (loss) from continuing operations before tax | Depreciation and amortization |"}
{"_id": "d8b5dccbe", "title": "", "text": "| Common Stock | Issued | (in millions) | Balance, December 31, 2013 | Common Stock issued | Common Stock acquired | Stock-based compensation programs-1 | Balance, December 31, 2014 | Common Stock issued | Common Stock acquired | Stock-based compensation programs-1 | Balance, December 31, 2015 | Common Stock issued | Common Stock acquired | Stock-based compensation programs-1 | Balance, December 31, 2016 |"}
{"_id": "d815210b8", "title": "", "text": "| 2016 2015 2014 | Net sales | Operating profit | Operating margin | Backlog atyear-end |"}
{"_id": "d8a606984", "title": "", "text": "| Pension plans-1 Postretirement benefit plans-1 | U.S. plans-2 | In millions of dollars | Contributions made by the Company | Benefits paid directly by the Company |"}
{"_id": "d881433b8", "title": "", "text": "| In millions of dollars 2010 2009 2008 | Total revenues, net of interest | expense-1 | Income (loss) from discontinued operations | Gain (loss) on sale | Provision (benefit) for income taxes | Income (loss) from discontinued | operations, net of taxes | In millions of dollars | Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Net cash provided by | discontinued operations |"}
{"_id": "d867cd352", "title": "", "text": "| 2015 2014 | Number of shares repurchased | Amount paid | Weighted average cost per share |"}
{"_id": "d8ddb6a32", "title": "", "text": "19.\nSEGMENT REPORTING The U. S.  Reinsurance operation writes property and casualty reinsurance and specialty lines of business, including Marine, Aviation, Surety and Accident and Health (“A&H”) business, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies primarily within the U. S.  The International operation writes non-U.\nS.  property and casualty reinsurance through Everest Re’s branches in Canada and Singapore and through offices in Brazil, Miami and New Jersey.\nThe Bermuda operation provides reinsurance and insurance to worldwide property and casualty markets through brokers and directly with ceding companies from its Bermuda office and reinsurance to the United Kingdom and European markets through its UK branch and Ireland Re.\nThe Insurance operation writes property and casualty insurance directly and through general agents, brokers and surplus lines brokers within the U. S.  and Canada.\nThe Mt.\nLogan Re segment represents business written for the segregated accounts of Mt.\nLogan Re, which were formed on July 1, 2013.\nThe Mt.\nLogan Re business represents a diversified set of catastrophe exposures, diversified by risk/peril and across different geographical regions globally.\nThese segments, with the exception of Mt.\nLogan Re, are managed independently, but conform with corporate guidelines with respect to pricing, risk management, control of aggregate catastrophe exposures, capital, investments and support operations.\nManagement generally monitors and evaluates the financial performance of these operating segments based upon their underwriting results.\nThe Mt.\nLogan Re segment is managed independently and seeks to write a diverse portfolio of catastrophe risks for each segregated account to achieve desired risk and return criteria.\nUnderwriting results include earned premium less losses and loss adjustment expenses (“LAE”) incurred, commission and brokerage expenses and other underwriting expenses.\nWe measure our underwriting results using ratios, in particular loss, commission and brokerage and other underwriting expense ratios, which, respectively, divide incurred losses, commissions and brokerage and other underwriting expenses by premiums earned.\nMt.\nLogan Re’s business is sourced through operating subsidiaries of the Company; however, the activity is only reflected in the Mt.\nLogan Re segment.\nFor other inter-affiliate reinsurance, business is generally reported within the segment in which the business was first produced, consistent with how the business is managed.\nExcept for Mt.\nLogan Re, the Company does not maintain separate balance sheet data for its operating segments.\nAccordingly, the Company does not review and evaluate the financial results of its operating segments based upon balance sheet data."}
{"_id": "d8ee6b2ba", "title": "", "text": "| Duke Energy Carolinas Duke Energy Progress Duke Energy Florida Duke Energy Ohio Duke Energy Indiana | Residential | General service | Industrial | Total retail sales | Wholesale and other sales | Total sales |"}
{"_id": "d8e1c13c0", "title": "", "text": "| Fiscal  2008 Fiscal  2007 Fiscal  2006 | QuickBooks | Payroll and Payments | Consumer Tax | Accounting Professionals | Financial Institutions |"}
{"_id": "d8b8276ea", "title": "", "text": "| 2006 2005 2004 2003 2002 | Per share | Net income | Basic | Diluted | Cash dividends declared | Stockholders’ equity at year-end | Tangible stockholders’ equity at year-end | Dividend payout ratio |"}
{"_id": "d8aff4ee6", "title": "", "text": "| December 31, | 2012 | (in billions) | Assets Under Management and Administration | Advice & Wealth Management AUM | Asset Management AUM | Eliminations | Total Assets Under Management | Total Assets Under Administration | Total AUM and AUA |"}
{"_id": "d8c773a0e", "title": "", "text": "| As a percentage of average corporate loans 0.12% 0.17% 0.08% 0.10% 0.08% | Allowance by type-11 | Consumer | Corporate | Total Citigroup |"}
{"_id": "d894f0014", "title": "", "text": "| Year Ended December 31, | 2015 | Net cash provided by operating activities | Prior to adoption of ASU 2016-09 | Adjustment - adoption of ASU 2016-09 | As adjusted | Net cash (used in) provided by financing activities | Prior to adoption of ASU 2016-09 | Adjustment - adoption of ASU 2016-09 | As adjusted |"}
{"_id": "d871672e6", "title": "", "text": "| Year Ended December 31, 2013 | SeparateAccountAssets-4 | (in millions) | Fair Value, beginning of period | Total gains (losses) (realized/unrealized): | Included in earnings: | Realized investment gains (losses), net | Interest credited to policyholders’ account balances | Net investment income | Purchases | Sales | Issuances | Settlements | Foreign currency translation | Other-1 | Transfers into Level 3-2 | Transfers out of Level 3-2 | Fair Value, end of period | Unrealized gains (losses) for assets/liabilities still held(3): | Included in earnings: | Realized investment gains (losses), net | Interest credited to policyholders’ account balances |"}
{"_id": "d89854f98", "title": "", "text": "| Year Ended December 31, | 2011 | (dollar amounts in thousands) | Allowance for loan and lease losses, beginning of year | Acquired allowance for loan and lease losses | Loan and lease charge-offs | Commercial: | Commercial and industrial | Commercial real estate: | Construction | Commercial | Commercial real estate | Total commercial | Consumer: | Automobile | Home equity | Residential mortgage | Other consumer | Total consumer | Total charge-offs | Recoveries of loan and lease charge-offs | Commercial: | Commercial and industrial | Commercial real estate: | Construction | Commercial | Total commercial real estate | Total commercial | Consumer: | Automobile | Home equity | Residential mortgage | Other consumer | Total consumer | Total recoveries | Net loan and lease charge-offs | Provision for loan and lease losses | Economic reserve transfer | Allowance for assets sold and securitized or transferred to loans held for sale | Allowance for loan and lease losses, end of year | Allowance for unfunded loan commitments, beginning of year | Acquired allowance for unfunded loan commitments | (Reduction in) Provision for unfunded loan commitments and letters of credit losses | Economic reserve transfer | Allowance for unfunded loan commitments, end of year | Allowance for credit losses, end of year | ALLL as a % of total period end loans and leases | AULC as a % of total period end loans and leases | ACL as a % of total period end loans and leases |"}
{"_id": "d8cbf2558", "title": "", "text": "| Years ended December 31, | 2016 | Balance at beginning of period | Change in related noncontrolling interest balance | Changes in redemption value of redeemable noncontrolling interests: | Additions | Redemptions and reclassifications | Redemption value adjustments | Balance at end of period |"}
{"_id": "d8a70056a", "title": "", "text": "There were no vested or issued performance-based restricted share units as of fiscal 2018, 2017, or 2016, and as such, there was no associated fair value or intrinsic value for these awards.\nThere were no material modifications to performance-based restricted share units in fiscal 2018, 2017, or 2016.\nAs of December 29, 2018, total unrecognized compensation expense related to non-vested performance-based restricted share units was approximately $1.3 million with a weighted average expense recognition period of 2.2 years.\nEmployee Stock Purchase Plan The ESPP provides Company employees the opportunity to purchase, through payroll deductions, shares of common stock at a 15% discount.\nPursuant to the terms of the ESPP, the Company issued 77,458, 83,155, and 69,562 shares of common stock during fiscal 2018, 2017, and 2016, respectively.\nThe total cost related to the ESPP, including the compensation expense calculations, was approximately $1.1 million, $1.0 million, and $1.1 million in fiscal 2018, 2017, and 2016, respectively.\nThere is a maximum of 16.0 million shares of common stock that are reserved under the ESPP.\nAt December 29, 2018, there were approximately 11.9 million remaining shares of common stock reserved for future issuance under the ESPP."}
{"_id": "d814986f0", "title": "", "text": "| For the Years Ended December 31 Total United States Europe (a) Africa Asia and Other (b) | (In millions) | 2010 | Sales and other operating revenues | Unaffiliated customers | Inter-company | Total revenues | Costs and expenses | Production expenses, including related taxes | Exploration expenses, including dry holes and lease impairment | General, administrative and other expenses | Depreciation, depletion and amortization | Asset impairments | Total costs and expenses | Results of operations before income taxes | Provision for income taxes | Results of operations |"}
{"_id": "d8a0d6dce", "title": "", "text": "| Balance, November 3, 2007 $9,889 | Additions for tax positions of 2008 | Balance, November 1, 2008 | Additions for tax positions of 2009 | Balance, October 31, 2009 | Additions for tax positions of 2010 | Balance, October 30, 2010 |"}
{"_id": "d882b615a", "title": "", "text": "| (in millions) December31,2014 Net Inflows (Outflows) Acquisitions-1 Market Change FX Impact December 31,2015 | Equity: | Active | iShares | Non-ETF index | Equity subtotal | Fixed income: | Active | iShares | Non-ETF index | Fixed income subtotal | Multi-asset class | Alternatives: | Core | Currency and commodities | Alternatives subtotal | Long-term | Cash management | Advisory | Total AUM |"}
{"_id": "d8adb2b38", "title": "", "text": "| 2007 2006 2005 | (Thousands of Dollars) | Fair value of restricted stock units vested | Intrinsic value of restricted stock units vested(a) |"}
{"_id": "d8dd13382", "title": "", "text": "INTEL CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) The fair value of our grants receivable is determined using a discounted cash flow model, which discounts future cash flows using an appropriate yield curve.\nAs of December 28, 2013, and December 29, 2012, the carrying amount of our grants receivable was classified within other current assets and other long-term assets, as applicable.\nOur long-term debt recognized at amortized cost is comprised of our senior notes and our convertible debentures.\nThe fair value of our senior notes is determined using active market prices, and it is therefore classified as Level 1.\nThe fair value of our convertible long-term debt is determined using discounted cash flow models with observable market inputs, and it takes into consideration variables such as interest rate changes, comparable securities, subordination discount, and credit-rating changes, and it is therefore classified as Level 2.\nThe NVIDIA Corporation (NVIDIA) cross-license agreement liability in the preceding table was incurred as a result of entering into a long-term patent cross-license agreement with NVIDIA in January 2011.\nWe agreed to make payments to NVIDIA over six years.\nAs of December 28, 2013, and December 29, 2012, the carrying amount of the liability arising from the agreement was classified within other accrued liabilities and other long-term liabilities, as applicable.\nThe fair value is determined using a discounted cash flow model, which discounts future cash flows using our incremental borrowing rates."}
{"_id": "d8ab7ea24", "title": "", "text": "| 2013 2012 | As of December 31 (in millions) | Trade name intangible | Core deposit intangible | Trust relationships | Insurance relationships | Total other acquisition-relatedintangible assets |"}
{"_id": "d8c73c7a2", "title": "", "text": "| December 31, | 2018 | (in billions) | Prudential Insurance | PLIC | Pruco Life | PRIAC | PALAC | Other-1 | Total future policy benefits and policyholders’ account balances-2 |"}
{"_id": "d82def72a", "title": "", "text": "BlackRock PNC owned approximately 35 million common stock equivalent shares of BlackRock equity at December 31, 2015, accounted for under the equity method.\nThe primary risk measurement, similar to other equity investments, is economic capital.\nThe Business Segments Review section of this Item 7 includes additional information about BlackRock.\nTax Credit Investments Included in our equity investments are direct tax credit investments and equity investments held by consolidated partnerships which totaled $2.3 billion at December 31, 2015 and $2.6 billion at December 31, 2014.\nThese equity investment balances include unfunded commitments totaling $669 million and $717 million at December 31, 2015 and December 31, 2014, respectively.\nThese unfunded commitments are included in Other Liabilities on our Consolidated Balance Sheet.\nNote 2 Loan Sale and Servicing Activities and Variable Interest Entities in the Notes To Consolidated Financial Statements in Item 8 of this Report has further information on Tax Credit Investments.\nPrivate Equity The private equity portfolio is an illiquid portfolio comprised of mezzanine and equity investments that vary by industry, stage and type of investment.\nPrivate equity investments carried at estimated fair value totaled $1.4 billion at December 31, 2015 and $1.6 billion at December 31, 2014.\nAs of December 31, 2015, $1.1 billion was invested directly in a variety of companies and $.3 billion was invested indirectly through various private equity funds.\nIncluded in direct investments are investment activities of two private equity funds that are consolidated for financial reporting purposes.\nThe noncontrolling interests of these funds totaled $170 million as of December 31, 2015.\nThe interests held in indirect private equity funds are not redeemable, but PNC may receive distributions over the life of the partnership from liquidation of the underlying investments.\nSee Item 1 Business  Supervision and Regulation and Item 1A Risk Factors of this Report for discussion of the potential impacts of the Volcker Rule provisions of Dodd-Frank on our interests in and of private funds covered by the Volcker Rule.\nIn 2015, PNC invested with six other banks in Early Warning Services (EWS), a provider of fraud prevention and risk management solutions.\nEWS then acquired ClearXchange, a network through which customers send and receive person-toperson payments.\nIntegrating these businesses will enable us to, among other things, create a secure, real-time payments network.\nOur unfunded commitments related to private equity totaled $126 million at December 31, 2015 compared with $140 million at December 31, 2014.\nVisa See Note 7 Fair Value, Note 20 Legal Proceedings and Note 21 Commitments and Guarantees in the Notes To Consolidated Financial Statements in Item 8 of this Report for additional information regarding the October 2007 Visa restructuring, our involvement with judgment and loss sharing agreements with Visa and certain other banks, the status of pending interchange litigation, the sales of portions of our Visa Class B common shares and the related swap agreements with the purchasers.\nDuring 2015, we sold 2.0 million Visa Class B common shares, in addition to the 16.5 million shares sold in previous years.\nWe have entered into swap agreements with the purchasers of the shares as part of these sales.\nSee Note 7 Fair Value in the Notes To Consolidated Financial Statements in Item 8 of this Report for additional information.\nAt December 31, 2015, our investment in Visa Class B common shares totaled approximately 4.9 million shares and had a carrying value of $31 million.\nBased on the December 31, 2015 closing price of $77.55 for the Visa Class A common shares, the fair value of our total investment was approximately $622 million at the current conversion rate.\nThe Visa Class B common shares that we own are transferable only under limited circumstances until they can be converted into shares of the publicly traded class of stock, which cannot happen until the settlement of all of the specified litigation."}
{"_id": "d8600bbaa", "title": "", "text": "| (Thousands of barrels per day) 2008 2007 2006 | Crude oil trunk lines | Refined products trunk lines | TOTAL |"}
{"_id": "d884240c8", "title": "", "text": "ITEM 3.\nLEGAL PROCEEDINGS Except as described below, we are not aware of any legal proceedings or claims that we believe could have, individually or taken together, a material adverse effect on our financial condition, results of operations or cash flows.\nSee “Legal Proceedings” section of Note 11 to the Consolidated Financial Statements for information regarding legal proceedings, which information is incorporated by reference in this Item 3.\nITEM 4.\nMINE SAFETY DISCLOSURES None.\nIn November 2016, we issued $45 million of fixed rate term notes in two tranches to two insurance companies.\nPrincipal payments commence in 2023 and 2028 and the notes mature in 2029 and 2034, respectively.\nThe notes carry interest rates of 2.87 and 3.10, respectively.\nWe used proceeds of the notes to pay down borrowings under our revolving credit facility.\nIn January 2015, we issued $75 million of fixed rate term notes to an insurance company.\nPrincipal payments commence in 2020 and the notes mature in 2030.\nThe notes carry an interest rate of 3.52 percent.\nWe used proceeds of the notes to pay down borrowings under our revolving credit facility.\nAt December 31, 2016, we had available borrowing capacity of $310.8 million under this facility.\nWe believe that the combination of cash, available borrowing capacity and operating cash flow will provide sufficient funds to finance our existing operations for the foreseeable future.\nOur total debt increased to $323.6 million at December 31, 2016 compared with $249.0 million at December 31, 2015, as our cash flows generated in the U.\nS were more than offset by our share repurchase activity and our purchase of Aquasana.\nAs a result, our leverage, as measured by the ratio of total debt to total capitalization, was 17.6 percent at the end of 2016 compared with 14.7 percent at the end of 2015.\nOur U. S.  pension plan continues to meet all funding requirements under ERISA regulations.\nWe were not required to make a contribution to our pension plan in 2016 but made a voluntary $30 million contribution due to escalating Pension Benefit Guaranty Corporation insurance premiums.\nWe forecast that we will not be required to make a contribution to the plan in 2017 and we do not plan to make any voluntary contributions in 2017.\nFor further information on our pension plans, see Note 10 of the Notes to Consolidated Financial Statements.\nDuring 2016, our Board of Directors authorized the purchase of an additional 3,000,000 shares of our Common Stock.\nIn 2016, we repurchased 3,273,109 shares at an average price of $41.30 per share and a total cost of $135.2 million.\nA total of 4,906,403 shares remained on the existing repurchase authorization at December 31, 2016.\nDepending on factors such as stock price, working capital requirements and alternative investment opportunities, such as acquisitions, we expect to spend approximately $135 million on share repurchase activity in 2017 using a 10b5-1 repurchase plan.\nIn addition, we may opportunistically repurchase an additional $65 million of our shares in 2017.\nWe have paid dividends for 77 consecutive years with payments increasing each of the last 25 years.\nWe paid dividends of $0.48 per share in 2016 compared with $0.38 per share in 2015.\nIn January 2017, we increased our dividend by 17 percent and anticipate paying dividends of $0.56 per share in 2017.\nAggregate Contractual Obligations A summary of our contractual obligations as of December 31, 2016, is as follows:"}
{"_id": "d86261d96", "title": "", "text": "| December 31, | (in millions) | Commercial | Commercial real estate | Leases | Total commercial | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Automobile | Student | Credit cards | Other retail | Total retail | Total loans and leases-1 (2) |"}
{"_id": "d897543c8", "title": "", "text": "(5) EBIT is defined as earnings (loss) before interest expense and provisions (benefits) for income taxes.\nEBITDA is defined as EBIT plus depreciation and amortization.\nEBIT and EBITDA do not purport to represent net earnings or net cash provided by operating activities, as those terms are defined under generally accepted accounting principles, and should not be considered as an alternative to these measurements or as indicators of the Companys performance.\nThe Companys definitions of EBIT and EBITDA may not be comparable with similarly-titled measures used by other companies.\nEBIT and EBITDA are among the indicators used by the Companys management to measure the performance of the Companys operations and are also among the criteria upon which performance based compensation may be based.\nThe following is a reconciliation of net earnings (loss) to EBIT and EBITDA:"}
{"_id": "d8a3a4362", "title": "", "text": "| December 31, | Subsidiaries | (In millions) | Metropolitan Life Insurance Company -1 | Metropolitan Life Insurance Company -2 | Metropolitan Life Insurance Company -2 | Total |"}
{"_id": "d8b5a1998", "title": "", "text": "Our retail marketing gross margin for gasoline and distillates, which is the difference between the ultimate price paid by consumers and the cost of refined products, including secondary transportation and consumer excise taxes, also impacts RM&T segment profitability.\nThere are numerous factors including local competition, seasonal demand fluctuations, the available wholesale supply, the level of economic activity in our marketing areas and weather conditions that impact gasoline and distillate demand throughout the year.\nRefined product demand increased for several years until 2008 when it decreased due to the combination of significant increases in retail petroleum prices, a broad slowdown in general economic activity, and the impact of increased ethanol blending into gasoline.\nIn 2009 refined product demand continued to decline.\nFor our marketing area, we estimate a gasoline demand decline of about one percent and a distillate demand decline of about 12 percent from 2008 levels.\nMarket demand declines for gasoline and distillates generally reduce the product margin we can realize.\nWe also estimate gasoline and distillate demand in our marketing area decreased about three percent in 2008 compared to 2007 levels.\nThe gross margin on merchandise sold at retail outlets has been historically less volatile."}
{"_id": "d814988f8", "title": "", "text": "| 2012 2011 | (In millions) | Crude oil and other charge stocks | Refined petroleum products and natural gas | Less: LIFO adjustment | 732 | Merchandise, materials and supplies | Total inventories |"}
{"_id": "d86c04c36", "title": "", "text": "| Pension plans | U.S. | Year ended December 31, (in millions) | Components of net periodic benefit cost | Benefits earned during the year | Interest cost on benefit obligations | Expected return on plan assets | Amortization: | Net (gain)/loss | Prior service cost/(credit) | Special termination benefits | Settlement loss | Net periodic defined benefit cost | Other defined benefit pension plans(a) | Total defined benefit plans | Total defined contribution plans | Total pension and OPEB cost included in compensation expense | Changes in plan assets and benefit obligations recognized in other comprehensive income | Net (gain)/loss arising during the year | Prior service credit arising during the year | Amortization of net loss | Amortization of prior service (cost)/credit | Settlement loss | Foreign exchange impact and other | Total recognized in other comprehensive income | Total recognized in net periodic benefit cost and other comprehensive income |"}
{"_id": "d8259f318", "title": "", "text": "| Level 3 Instruments OnlyIn millions Trading securities debt Trading securities equity Equity investments - direct Equity investments - indirect | December 31, 2008 | National City acquisition | January 1, 2009 | Total realized/unrealized gains or losses: | Included in earnings (**) | Purchases, issuances, and settlements, net | Transfers into Level 3, net | December 31, 2009 | (**) Amounts attributable to unrealized gains or losses related to trading securitiesand equity investments held at December 31, 2009: |"}
{"_id": "d87a4d248", "title": "", "text": "We currently have 71 corrugated manufacturing operations, of which 44 are owned, including 37 combining operations, or corrugated plants, and seven sheet plants.\nFour corrugated plants and 23 sheet plants are leased.\nWe also own one warehouse and miscellaneous other properties, including sales offices and woodlands management offices.\nThese sales offices and woodlands management offices generally have one to four employees and serve as administrative offices.\nPCA leases the space for regional design centers and numerous other distribution centers, warehouses and facilities.\nThe equipment in these leased facilities is, in virtually all cases, owned by PCA, except for forklifts and other rolling stock which are generally leased.\nWe lease the cutting rights to approximately 88,000 acres of timberland located near our Valdosta mill (77,000 acres) and our Counce mill (11,000 acres).\nOn average, these cutting rights agreements have terms with approximately 11 years remaining.\nOur corporate headquarters is located in Lake Forest, Illinois.\nThe headquarters facility is leased for the next nine years with provisions for two additional five year lease extensions."}
{"_id": "d81486db0", "title": "", "text": "Comparison of Five-Year Cumulative Total Return The following graph compares the cumulative total return on Citigroup’s common stock with the S&P 500 Index and the S&P Financial Index over the five-year period extending through December31, 2009.\nThe graph assumes that $100 was invested on December31, 2004 in Citigroup’s common stock, the S&P 500 Index and the S&P Financial Index and that all dividends were reinvested."}
{"_id": "d89bcbe24", "title": "", "text": "| Jurisdiction Tax year | United States | Mexico | New York State and City | United Kingdom | Germany | Korea | Japan | Brazil |"}
{"_id": "d8a02a13c", "title": "", "text": "Foreign currency transaction gains and losses are included in other, net in our consolidated statements of operations, net of losses and gains from any related derivative financial instruments.\nWe recognized net foreign currency transaction losses of $21 million in 2015, $18 million in 2014, and $11 million in 2013.\nFinancial Instruments We recognize all derivative financial instruments in our consolidated financial statements at fair value in accordance with ASC Topic 815, Derivatives and Hedging, and we present assets and liabilities associated with our derivative financial instruments on a gross basis in our financial statements.\nIn accordance with Topic 815, for those derivative instruments that are designated and qualify as hedging instruments, the hedging instrument must be designated, based upon the exposure being hedged, as a fair value hedge, cash flow hedge, or a hedge of a net investment in a foreign operation.\nThe accounting for changes in the fair value (i. e.  gains or losses) of a derivative instrument depends on whether it has been designated and qualifies as part of a hedging relationship and, further, on the type of hedging relationship.\nOur derivative instruments do not subject our earnings or cash flows to material risk, as gains and losses on these derivatives generally offset losses and gains on the item being hedged.\nWe do not enter into derivative transactions for speculative purposes and we do not have any non-derivative instruments that are designated as hedging instruments pursuant to Topic 815.\nRefer to Note EFair Value Measurements for more information on our derivative instruments."}
{"_id": "d8757dad8", "title": "", "text": "| As of December 31, 2014 (In percentages) | InfraServ GmbH & Co. Gendorf KG | InfraServ GmbH & Co. Hoechst KG | InfraServ GmbH & Co. Knapsack KG |"}
{"_id": "d88362d4c", "title": "", "text": "| December 31, | 2018 | (in millions) | Other guarantees where amount can be determined | Accrued liability for other guarantees and indemnifications |"}
{"_id": "d884fed36", "title": "", "text": "| (In millions) Capital Lease Obligations (a) Operating Lease Obligations | 2009 | 2010 | 2011 | 2012 | 2013 | Later years | Sublease rentals | Total minimum lease payments | Less imputed interest costs | Present value of net minimum lease payments |"}
{"_id": "d8968dfb6", "title": "", "text": "EQUINIX, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) In February 2011, the Company amended the Bank of America Revolving Credit Line (see Note 7) and extended the maturity date to February 2012.\nThe amended Bank of America Revolving Credit Line is used primarily as a letter of credit issuing facility, and to fund the Companys working capital if so needed, and is unsecured.\nIn February 2011, Zion RJ Participa?\n?es S. A.\n(the Joint Venture), a Brazilian joint-stock company controlled indirectly by the Company and Riverwood Capital L. P.  (Riverwood), entered into a share purchase agreement and other covenants (the Share Purchase Agreement) with the shareholders (the Sellers) of ALOG Data Centers do Brasil S. A.\n(ALOG), ALOG and ALOGs subsidiaries, pursuant to which, subject to the satisfaction or waiver of the conditions therein, the Joint Venture will acquire approximately 90% of the outstanding capital stock of ALOG from the Sellers.\nThe Joint Venture will pay approximately 211,000,000 Brazilian reais in cash, or approximately $127,000,000, to acquire the ALOG capital stock, subject to certain balance sheet adjustments as provided in the Share Purchase Agreement, at the closing of the transaction (the Closing).\nA portion of the purchase price will be withheld by the Joint Venture at the Closing to cover potential indemnification claims, and any balance will be paid to the Sellers by the Joint Venture two years following the Closing.\nUnder the terms of the Share Purchase Agreement, either the Joint Venture or the Sellers may terminate the Share Purchase Agreement if the Closing has not taken place on or before May 10, 2011.18."}
{"_id": "d8ca7447e", "title": "", "text": "| December 31, 2014 December 31, 2013 | Level 1 | (In thousands) | Interest rate swaps |"}
{"_id": "d8d09a4d4", "title": "", "text": "Our foreign operations are not material to our financial position or results of operations.\nAt December 31, 2013, we had $7.1 million of cash and short-term investments held in operations outside of the United States.\nWe indefinitely reinvest our earnings in operations outside the United States; however, if foreign earnings were repatriated at a future date, we would need to accrue and pay taxes.\nIt is not practicable to determine the amount of unrecognized deferred tax liability on these undistributed earnings because the actual tax liability, if any, is dependent on circumstances existing when the repatriation occurs."}
{"_id": "d8c1da4a8", "title": "", "text": "11.\nBorrowings Short-Term Borrowings The carrying value of short-term borrowings at December 31, 2012 and 2011, included $100 million under the 2012 revolving credit facility and $100 million under the 2011 revolving credit facility, respectively.2012 Revolving Credit Facility.\nIn March 2011, the Company entered into a five-year $3.5 billion unsecured revolving credit facility (the 2011 credit facility).\nIn March 2012, the 2011 credit facility was amended to extend the maturity date by one year to March 2017 and in April 2012 the amount of the aggregate commitment was increased to $3.785 billion (the 2012 credit facility).\nThe 2012 credit facility permits the Company to request an additional $1.0 billion of borrowing capacity, subject to lender credit approval, increasing the overall size of the 2012 credit facility to an aggregate principal amount not to exceed $4.785 billion.\nInterest on borrowings outstanding accrues at a rate based on the applicable London Interbank Offered Rate plus a spread.\nThe 2012 credit facility requires the Company not to exceed a maximum leverage ratio (ratio of net debt to EBITDA, where net debt equals total debt less unrestricted cash) of 3 to 1, which was satisfied with a ratio of less than 1 to 1 at December 31, 2012.\nThe 2012 credit facility provides back-up liquidity, funds ongoing working capital for general corporate purposes and funds various investment opportunities.\nAt December 31, 2012, the Company had $100 million outstanding under this facility with an interest rate of 1.085% and a maturity during January 2013.\nDuring January 2013, the Company rolled over the $100 million in borrowings at an interest rate of 1.085% and a maturity during February 2013.\nDuring February 2013, the Company rolled over the $100 million in borrowings at an interest rate of 1.075% and a maturity during March 2013.\nCommercial Paper Program.\nOn October 14, 2009, BlackRock established a commercial paper program (the CP Program) under which the Company could issue unsecured commercial paper notes (the CP Notes) on a private placement basis up to a maximum aggregate amount outstanding at any time of $3.0 billion.\nOn May 13, 2011, BlackRock increased the maximum aggregate amount that may be borrowed under the CP Program to $3.5 billion.\nOn May 17, 2012, BlackRock increased the maximum aggregate amount to $3.785 billion.\nThe CP Program is currently supported by the 2012 credit facility.\nAs of December 31, 2012 and December 31, 2011, BlackRock had no CP Notes outstanding.\nLong-Term Borrowings The carrying value and fair value of long-term borrowings estimated using market prices at December 31, 2012 included the following:"}
{"_id": "d889f7734", "title": "", "text": "In the first quarter of 2010, we expect higher containerboard and box prices from announced price increases, but most of the earnings benefit will not be realized until the second quarter when the price increase has been passed through to box customers.\nWe expect mill downtime and higher operating costs from our annual maintenance outage at Counce and our Valdosta mill outage for work related to our energy optimization project.\nMuch higher recycled fiber costs, higher energy costs associated with colder weather, a higher effective tax rate and higher timing-related benefit costs are also expected in the first quarter.\nConsidering all these items, we estimate our first quarter earnings will be lower than our fourth quarter earnings of $16 million, which excludes net income of $44 million from alternative fuel mixture tax credits and a $1 million after tax charge from asset disposals related to the energy optimization projects.\nResults of Operations Year Ended December 31, 2009 Compared to Year Ended December 31, 2008 The historical results of operations of PCA for the years ended December 31, 2009 and 2008 are set forth below:"}
{"_id": "d86e0ddac", "title": "", "text": "| 2012 2011 2010 | Deferred loss on the settlement of the treasury rate lock, net of tax | Deferred gain on the settlement of interest rate swap agreements entered into in connection with the Securitization, net oftax | Unrealized losses related to interest rate swap agreements, net of tax |"}
{"_id": "d87479790", "title": "", "text": "| Year ended December 31, (in millions) 2007 2006 2005 | Underwriting: | Equity | Debt | Total Underwriting | Advisory | Total |"}
{"_id": "d8c70859c", "title": "", "text": "| Percentage Increase (Decrease) from | 2009 | (In millions) | NOW accounts | Savings deposits | Time deposits under $100,000 | Noninterest-bearing deposits | Total |"}
{"_id": "d8c8411c0", "title": "", "text": "| As of December 31, | 2018 | (in millions) | Balance Sheet Data: | Total investments excluding policy loans | Separate account assets | Total assets | Future policy benefits and policyholders’ account balances | Separate account liabilities | Short-term debt | Long-term debt | Total liabilities | Prudential Financial, Inc. equity | Noncontrolling interests | Total equity |"}
{"_id": "d8d4a9f48", "title": "", "text": "| Drilling, Equipment, and Purchase Obligations (in millions) Throughput Agreement Transportation and Gathering Operating Lease Obligations Total | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 and thereafter | Total | Retirement and Restoration Plans | 2008 | (in millions) | Change in benefit obligation | Benefit obligation at beginning of year | Service cost | Interest cost | Amendments | Benefits paid | Actuarial (gain) loss | Benefit obligation at end of year | Change in plan assets | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contributions | Benefits paid | Fair value of plan assets at end of year | Funded status | Funded status at end of year | Net amount recognized in consolidated balancesheets (after adoption of FAS 158) | Amounts recognized in consolidated balance sheets consist of: | Current liabilities | Noncurrent liabilities | Net amount recognized in consolidated balancesheets (after adoption of FAS 158) | Amounts not yet reflected in net periodic benefit cost and included in AOCL | Transition obligation | Prior service (cost) credit | Accumulated loss | AOCL | Cumulative employer contributions in excess of net periodic benefit cost | Net amount recognized in consolidated balance sheet (after adoption of FAS 158) |"}
{"_id": "d8721b02a", "title": "", "text": "| Fiscal year ended December 31, 2005 Fiscal year ended December 25, 2004 Year over Year | Net Sales | Outdoor/Fitness | Marine | Automotive/Mobile | Aviation | Total |"}
{"_id": "d85f42e76", "title": "", "text": "Backlog Firm backlog represents orders for products and services where no contingencies remain before we and the customer are required to perform.\nBacklog does not include prospective orders where customer controlled contingencies remain, such as the customers receiving approval from their Board of Directors, shareholders or government and completing financing arrangements.\nAll such contingencies must be satisfied or have expired prior to recording a new firm order even if satisfying such conditions is highly certain.\nFirm orders exclude options.\nA number of our customers may have contractual remedies that may be implicated by program delays.\nWe continue to address customer claims and requests for other contractual relief as they arise.\nHowever, once orders are included in firm backlog, orders remain in backlog until canceled or fulfilled, although the value of orders is adjusted as changes to price and schedule are agreed to with customers.\nThe increase in contractual backlog during 2012 was due to orders in excess of deliveries, partially reduced by cancellations of orders and changes in projected revenue escalation.\nThe decrease in unobligated backlog in 2012 was due to incremental funding of the existing multi-year contract for Commercial Airplanes share of the USAF contract for the KC-46A Tanker.\nThe increase in contractual backlog during 2011 was due to orders in excess of deliveries and changes in projected revenue escalation, partially reduced by cancellations of orders.\nThe increase in unobligated backlog in 2011 represents Commercial Airplanes share of the USAF contract for the KC-46A Tanker.\nBacklog Total backlog is comprised of contractual backlog, which represents work we are on contract to perform for which we have received funding, and unobligated backlog, which represents work we are on contract to perform for which funding has not yet been authorized and appropriated.\nBDS total backlog increased by 19% in 2012, from $60,041 million to $71,475 million, primarily due to F-15 and C-17 orders and the contract award for the Space Launch System program received in 2012.\nFor further details on the changes between periods, refer to the discussions of the individual segments below."}
{"_id": "d8bac1c2a", "title": "", "text": "Other Stock Plans The Company has a Stock Award Plan, which allows for grants of common shares to certain key employees.\nDistribution of 25% or more of each award is deferred until after retirement or involuntary termination, upon which the deferred portion of the award is distributable in five equal annual installments.\nThe balance of the award is distributable over five years from the grant date, subject to certain conditions.\nIn February 2004, this plan was terminated with respect to future grants upon the adoption of the 2004 Plan.\nAt September 30, 2009 and 2008, awards for 114,197 and 161,145 shares, respectively."}
{"_id": "d8bea8ef6", "title": "", "text": "| Year ended December 31, | Cash Settlements: | (in millions) | Income Hedges (External)(1) | Equity Hedges: | Internal-2 | External-3 | Total Equity Hedges | Total Cash Settlements | As of December 31, | Assets (Liabilities): | (in millions) | Income Hedges (External)(4) | Equity Hedges: | Internal-2 | External-5 | Total Equity Hedges-6 | Total Assets (Liabilities) |"}
{"_id": "d8efddf6c", "title": "", "text": "| December 31, | 2015 | (in millions) | Syndicated loans | Unpaid principal balance | Excess unpaid principal over fair value | Fair value | Fair value of loans more than 90 days past due | Fair value of loans in nonaccrual status | Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both | Debt | Unpaid principal balance | Excess unpaid principal over fair value | Fair value |"}
{"_id": "d89ec49c8", "title": "", "text": "Effective January 1, 2003, Marathon adopted the fair value recognition provisions of Statement of Financial Accounting Standards No.123 “Accounting for Stock-Based Compensation” (“SFAS No.123”).\nStatement of Financial Accounting Standards No.148 “Accounting for Stock-Based Compensation – Transition and Disclosure” (“SFAS No.148”), an amendment of SFAS No.123, provides alternative methods for the transition of the accounting for stock-based compensation from the intrinsic value method to the fair value method.\nMarathon has applied the fair value method to grants made, modified or settled on or after January 1, 2003.\nThe impact on Marathon’s 2003 net income was not materially different than under previous accounting standards."}
{"_id": "d875cff72", "title": "", "text": "| Weighted Average Useful Life (Years) | Purchased technology | Localization | Trademarks | Customer contracts and relationships | Other intangibles |"}
{"_id": "d865ee324", "title": "", "text": "| December 31, | 2008 | (in millions) | 8.2% notes payable, due 2009 | 3.31% notes payable, due 2011 | 3.63% notes payable, due 2011 | 6.05% notes payable, due 2036 | 8% surplus notes payable, due 2044 | Non-recourse mortgages and notes payable | Other mortgages and notes payable | Total long-term debt | 2009 | 2010 | 2011 | 2012 | 2013 | Thereafter | Total future maturities of the long-term debt |"}
{"_id": "d813f955a", "title": "", "text": "Institutional active AUM ended 2017 at $1.1 trillion, reflecting $5.9 billion of net inflows.\nInstitutional active represented 19% of long-term AUM and 18% of long-term base fees.\nGrowth in AUM reflected continued strength in multi-asset products with net inflows of $19.6 billion reflecting ongoing demand for solutions offerings and the LifePath?\ntarget-date suite.\nAlternatives net inflows of $0.6 billion were led by inflows into infrastructure, hedge fund solutions and alternatives solutions offerings.\nExcluding return of capital and investment of $6.0 billion, alternatives net inflows were $6.6 billion.\nIn addition, 2017 was another strong fundraising year for illiquid alternatives, and we raised approximately $11 billion in new commitments, which will be a source of future net inflows.\nEquity and fixed income net outflows were $13.6 billion and $0.7 billion, respectively.\nInstitutional index AUM totaled $2.3 trillion at December 31, 2017, reflecting net inflows of $49.1 billion.\nFixed income net inflows of $87.5 billion were driven by demand for liabilitydriven investment solutions, particularly in Europe.\nEquity net outflows of $34.8 billion were primarily due to low-fee regional index equity outflows as clients looked to re-allocate, re-balance or meet their cash needs.\nAlternatives net outflows of $2.9 billion reflected outflows from passive currency overlays.\nInstitutional index represented 40% of long-term AUM at December 31, 2017 and accounted for 10% of long-term base fees for 2017.\nThe Companys institutional clients consist of the following: ?\nPensions, Foundations and Endowments.\nBlackRock is among the worlds largest managers of pension plan assets with $2.403 trillion, or 69%, of long-term institutional AUM managed for defined benefit, defined contribution and other pension plans for corporations, governments and unions at December 31, 2017.\nThe market landscape continues to shift from defined benefit to defined contribution, driving strong flows in our defined contribution channel, which had $46.5 billion of long-term net inflows for the year, driven by continued demand for our LifePath target-date suite.\nDefined contribution represented $887.1 billion of total pension AUM, and we remain well positioned to capitalize on the on-going evolution of the defined contribution market and demand for outcome-oriented investments.\nAn additional $76.4 billion, or 2%, of longterm institutional AUM was managed for other tax-exempt investors, including charities, foundations and endowments.  ?\nOfficial Institutions.\nBlackRock managed $195.3 billion, or 6%, of long-term institutional AUM for official institutions, including central banks, sovereign wealth funds, supranationals, multilateral entities and government ministries and agencies at year-end 2017.\nThese clients often require specialized investment advice, the use of customized benchmarks and training support.  ?\nFinancial and Other Institutions.\nBlackRock is a top independent manager of assets for insurance companies, which accounted for $274.3 billion, or 8%, of institutional long-term AUM at year-end 2017.\nAssets managed for other taxable institutions, including corporations, banks and third-party fund sponsors for which we provide sub-advisory services, totaled $506.9 billion, or 15%, of long-term institutional AUM at year-end."}
{"_id": "d830e4e9e", "title": "", "text": "| Location Approximate Square Footage | Alpharetta, Georgia | Arlington, Virginia | Jersey City, New Jersey | Charlotte, North Carolina | Menlo Park, California | Sandy, Utah | Toronto, Canada | New York, New York | Chicago, Illinois |"}
{"_id": "d8db8aad8", "title": "", "text": "MFC’s operating profit for 2013 increased $175 million, or 14%, compared to 2012.\nThe increase was primarily attributable to higher operating profit of approximately $85 million for air and missile defense programs (THAAD and PAC-3) due to increased risk retirements and volume; about $85 million for fire control programs (Sniper?, LANTIRN?\nand Apache) due to increased risk retirements and higher volume; and approximately $75 million for tactical missile programs (Hellfire and various programs) due to increased risk retirements.\nThe increases were partially offset by lower operating profit of about $45 million for the resolution of contractual matters in the second quarter of 2012; and approximately $15 million for various technical services programs due to lower volume partially offset by increased risk retirements.\nAdjustments not related to volume, including net profit booking rate adjustments and other matters, were approximately $100 million higher for 2013 compared to 2012.2012 compared to 2011 MFC’s net sales for 2012 were comparable to 2011.\nNet sales decreased approximately $130 million due to lower volume and risk retirements on various services programs, and about $60 million due to lower volume from fire control systems programs (primarily Sniper?\n; LANTIRN?\n; and Apache).\nThe decreases largely were offset by higher net sales of approximately $95 million due to higher volume from tactical missile programs (primarily Javelin and Hellfire) and approximately $80 million for air and missile defense programs (primarily PAC-3 and THAAD).\nMFC’s operating profit for 2012 increased $187 million, or 17%, compared to 2011.\nThe increase was attributable to higher risk retirements and volume of about $95 million from tactical missile programs (primarily Javelin and Hellfire); increased risk retirements and volume of approximately $60 million for air and missile defense programs (primarily THAAD and PAC-3); and about $45 million from a resolution of contractual matters.\nPartially offsetting these increases was lower risk retirements and volume on various programs, including $25 million for services programs.\nAdjustments not related to volume, including net profit booking rate adjustments and other matters described above, were approximately $145 million higher for 2012 compared to 2011.\nBacklog Backlog increased in 2013 compared to 2012 mainly due to higher orders on the THAAD program and lower sales volume compared to new orders on certain fire control systems programs in 2013, partially offset by lower orders on technical services programs and certain tactical missile programs.\nBacklog increased in 2012 compared to 2011 mainly due to increased orders and lower sales on fire control systems programs (primarily LANTIRN?\nand Sniper?)\nand on various services programs, partially offset by lower orders and higher sales volume on tactical missiles programs.\nTrends We expect MFC’s net sales to be flat to slightly down in 2014 compared to 2013, primarily due to a decrease in net sales on technical services programs partially offset by an increase in net sales from missiles and fire control programs.\nOperating profit is expected to decrease in the high single digit percentage range, driven by a reduction in expected risk retirements in 2014.\nAccordingly, operating profit margin is expected to slightly decline from 2013."}
{"_id": "d8d0d5110", "title": "", "text": "In fiscal 2008, revenues in the credit union systems and services business segment increased 14% from fiscal 2007.\nAll revenue components within the segment experienced growth during fiscal 2008.\nLicense revenue generated the largest dollar growth in revenue as Episys?, our flagship core processing system aimed at larger credit unions, experienced strong sales throughout the year.\nSupport and service revenue, which is the largest component of total revenues for the credit union segment, experienced 34 percent growth in EFT support and 10 percent growth in in-house support.\nGross profit in this business segment increased $9,344 in fiscal 2008 compared to fiscal 2007, due primarily to the increase in license revenue, which carries the highest margins."}
{"_id": "d87821ac8", "title": "", "text": "| December 31, 2011 December 31, 2010 | Dollars in millions | Home Equity | Temporary Modifications | Permanent Modifications | Total Home Equity | Residential Mortgages | Permanent Modifications | Non-Prime Mortgages | Permanent Modifications | Residential Construction | Permanent Modifications | Total Bank-Owned Consumer Real Estate Related Loan Modifications |"}
{"_id": "d897545a8", "title": "", "text": "| 2013 2012 2011 | Statutory U.S. federal tax rate | State income taxes, net of federal tax benefit | Foreign earnings taxed at lower effective rates | Nondeductible acquisition costs | U.S. domestic manufacturing deduction | Impairment | Reorganization tax benefit | Net change in valuation allowance | Net change in unrecognized tax benefits | Other | Effective income tax rate |"}
{"_id": "d8de48f4a", "title": "", "text": "UDR, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) DECEMBER 31, 2018"}
{"_id": "d811393e2", "title": "", "text": "CONTINGENCIES Environmental The cost of complying with environmental laws is a fundamental and substantial cost of our business.\nAt December 31, 2012, we had $1.2 billion recorded in our consolidated balance sheets for environmental obligations attributed to CERCLA or analogous state programs and for estimated future costs associated with environmental obligations that are considered probable based on specific facts and circumstances.\nDuring 2012, we incurred environmental capital expenditures and other environmental costs (including our joint venture partners' shares) of $612 million for programs to comply with applicable environmental laws and regulations that affect our operations, compared to $387 million in 2011 and $372 million in 2010.\nThe increase in environmental costs in 2012, compared with 2011 and 2010, primarily relates to higher expenditures for land and settlements of environmental matters (see Note 13 for further discussion).\nFor 2013, we expect to incur approximately $600 million of aggregate environmental capital expenditures and other environmental costs, which are part of our overall 2013 operating budget.\nThe timing and amount of estimated payments could change as a result of changes in regulatory requirements, changes in scope and timing of reclamation activities, the settlement of environmental matters and as actual spending occurs.\nRefer to Note 13 for further information about environmental regulation, including significant environmental matters.\nAsset Retirement Obligations We recognize AROs as liabilities when incurred, with the initial measurement at fair value.\nThese obligations, which are initially estimated based on discounted cash flow estimates, are accreted to full value over time through charges to income.\nReclamation costs for disturbances are recorded as an ARO in the period of disturbance.\nOur cost estimates are reflected on a third-party cost basis and comply with our legal obligation to retire tangible, long-lived assets.\nAt December 31, 2012, we had $1.1 billion recorded in our consolidated balance sheets for AROs.\nSpending\nILLUMINA, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) Advertising Costs The Company expenses advertising costs as incurred.\nAdvertising costs were approximately $440,000 for 2003, $267,000 for 2002 and $57,000 for 2001.\nIncome Taxes A deferred income tax asset or liability is computed for the expected future impact of differences between the financial reporting and tax bases of assets and liabilities, as well as the expected future tax benefit to be derived from tax loss and credit carryforwards.\nDeferred income tax expense is generally the net change during the year in the deferred income tax asset or liability.\nValuation allowances are established when realizability of deferred tax assets is uncertain.\nThe effect of tax rate changes is reflected in tax expense during the period in which such changes are enacted.\nForeign Currency Translation The functional currencies of the Company's wholly owned subsidiaries are their respective local currencies.\nAccordingly, all balance sheet accounts of these operations are translated to U. S.  dollars using the exchange rates in effect at the balance sheet date, and revenues and expenses are translated using the average exchange rates in effect during the period.\nThe gains and losses from foreign currency translation of these subsidiaries' financial statements are recorded directly as a separate component of stockholders' equity under the caption 'Accumulated other comprehensive income.\n Stock-Based Compensation At December 28, 2003, the Company has three stock-based employee and non-employee director compensation plans, which are described more fully in Note 5.\nAs permitted by SFAS No.123, Accounting for Stock-Based Compensation, the Company accounts for common stock options granted, and restricted stock sold, to employees, founders and directors using the intrinsic value method and, thus, recognizes no compensation expense for options granted, or restricted stock sold, with exercise prices equal to or greater than the fair value of the Company's common stock on the date of the grant.\nThe Company has recorded deferred stock compensation related to certain stock options, and restricted stock, which were granted prior to the Company's initial public offering with exercise prices below estimated fair value (see Note 5), which is being amortized on an accelerated amortization methodology in accordance with Financial Accounting Standards Board Interpretation Number ('FIN'') 28.\nPro forma information regarding net loss is required by SFAS No.123 and has been determined as if the Company had accounted for its employee stock options and employee stock purchases under the fair value method of that statement.\nThe fair value for these options was estimated at the dates of grant using the fair value option pricing model (Black Scholes) with the following weighted-average assumptions for 2003, 2002 and 2001:"}
{"_id": "d87851e94", "title": "", "text": "Income Taxes—Income tax expense and other income tax related information contained in the financial statements for periods before the spin-off are presented as if the Company filed its own tax returns on a stand-alone basis, while similar information for periods after the spin-off reflect the Company’s positions to be filed in its own tax returns in the future.\nIncome tax expense and other related information are based on the prevailing statutory rates for U. S.  federal income taxes and the composite state income tax rate for the Company for each period presented.\nState and local income and franchise tax provisions are allocable to contracts in process and, accordingly, are included in general and administrative expenses.\nDeferred income taxes are recorded when revenues and expenses are recognized in different periods for financial statement purposes than for tax return purposes.\nDeferred tax asset or liability account balances are calculated at the balance sheet date using current tax laws and rates in effect.\nDeterminations of the expected realizability of deferred tax assets and the need for any valuation allowances against these deferred tax assets were evaluated based upon the stand-alone tax attributes of the Company, and an $18 million valuation allowance was deemed necessary as of December 31, 2011.\nNo valuation allowance was deemed necessary as of December 31, 2010.\nUncertain tax positions meeting the more-likely-than-not recognition threshold, based on the merits of the position, are recognized in the financial statements.\nWe recognize the amount of tax benefit that is greater than 50% likely to be realized upon ultimate settlement with the related tax authority.\nIf a tax position does not meet the minimum statutory threshold to avoid payment of penalties, we recognize an expense for the amount of the penalty in the period the tax position is claimed or expected to be claimed in our tax return.\nPenalties, if probable and reasonably estimable, are recognized as a component of income tax expense.\nWe also recognize accrued interest related to uncertain tax positions in income tax expense.\nThe timing and amount of accrued interest is determined by the applicable tax law associated with an underpayment of income taxes.\nSee Note 12: Income Taxes.\nUnder existing GAAP, changes in accruals associated with uncertainties are recorded in earnings in the period they are determined."}
{"_id": "d89abe540", "title": "", "text": "| Years ended December 31, | 2018 | Stock-Settled Awards: | Awards granted | Weighted-average grant-date fair value (per award) | Total fair value of vested awards distributed | Cash-Settled Awards: | Awards granted | Weighted-average grant-date fair value (per award) | Total fair value of vested awards distributed | Performance-Based Awards: | Awards granted | Weighted-average grant-date fair value (per award) | Total fair value of vested awards distributed | Stock-Settled Awards | Awards | Non-vested as of January 1, 2018 | Granted | Vested | Forfeited | Non-vested as of December 31, 2018 | Total unrecognized compensation expense remaining | Weighted-average years expected to be recognized over |"}
{"_id": "d8a7004f2", "title": "", "text": "The Company cannot reasonably estimate possible losses, if any, in excess of those for which it has accrued, because it cannot predict how many additional claims may be brought against the Company (or parties the Company has an obligation to indemnify) in the future, the allegations in such claims, the possible outcomes, or the impact of tort reform legislation that may be enacted at the State or Federal levels.\nA declaratory judgment action was filed in January 2004 in the Circuit Court of Cook County, Illinois by Continental Casualty Company and related companies (CNA) against the Company and certain of its other historical general liability insurers.\nCNA provided the Company with both primary and additional layer insurance, and, in conjunction with other insurers, is currently defending and indemnifying the Company in its pending asbestos-related product liability claims.\nThe lawsuit seeks to determine the extent of insurance coverage available to the Company including whether the available limits exhaust on a per occurrence or an aggregate basis, and to determine how the applicable coverage responsibilities should be apportioned.\nOn August 15, 2005, the Court issued an interim order regarding the apportionment matter.\nThe interim order has the effect of making insurers responsible for all defense and settlement costs pro rata to time-on-the-risk, with the pro-ration method to hold the insured harmless for periods of bankrupt or unavailable coverage.\nAppeals of the interim order were denied.\nHowever, the issue is reserved for appellate review at the end of the action.\nIn addition to the primary insurance available for asbestos-related claims, the Company has substantial additional layers of insurance available for potential future asbestos-related product claims.\nAs such, the Company continues to believe that its coverage is sufficient to meet foreseeable liabilities.\nAlthough it is impossible to predict the outcome of pending or future claims or the impact of tort reform legislation that may be enacted at the State or Federal levels, due to the encapsulated nature of the products, the Companys experiences in aggressively defending and resolving claims in the past, and the Companys significant insurance coverage with solvent carriers as of the date of this filing, management does not believe that asbestos-related product liability claims are likely to have a material adverse effect on the Companys results of operations, cash flows or financial condition.\nPART I berths at the end of 2011.\nThere are approximately 10 ships with an estimated 34,000 berths that are expected to be placed in service in the North American cruise market between 2012 and 2016.\nEurope In Europe, cruising represents a smaller but growing sector of the vacation industry.\nIt has experienced a compound annual growth rate in cruise guests of approximately 9.6% from 2007 to 2011 and we believe this market has significant continued growth potential.\nWe estimate that Europe was served by 104 ships with approximately 100,000 berths at the beginning of 2007 and by 121 ships with approximately 155,000 berths at the end of 2011.\nThere are approximately 10 ships with an estimated 28,000 berths that are expected to be placed in service in the European cruise market between 2012 and 2016.\nThe following table details the growth in the global, North American and European cruise markets in terms of cruise guests and estimated weighted-average berths over the past five years: (1) Source: Our estimates of the number of global cruise guests, and the weighted-average supply of berths marketed globally, in North America and Europe are based on a combination of data that we obtain from various publicly available cruise industry trade information sources including Seatrade Insider and Cruise Line International Association.\nIn addition, our estimates incorporate our own statistical analysis utilizing the same publicly available cruise industry data as a base.\n(2) Source: Cruise Line International Association based on cruise guests carried for at least two consecutive nights for years 2007 through 2010.\nYear 2011 amounts represent our estimates (see number 1 above).\n(3) Source: European Cruise Council for years 2007 through 2010.\nYear 2011 amounts represent our estimates (see number 1 above).\nothor Markets In addition to expected industry growth in North America and Europe as discussed above, we expect the Asia/Pacific region to demonstrate an even higher growth rate in the near term, although it will continue to represent a relatively small sector compared to North America and Europe.\nWe compete with a number of cruise lines; however.\nour principal competitors are Carnival Corporation & plc, which owns, among others, Aida Cruises, Carnival Cruise Lines, Costa Cruises, Cunard Line, Holland America Line, Iberocruceros,P&O Cruises and Princess Cruises; Disney Cruise Line: MSC Cruises; Norwegian Cruise Line and Oceania Cruises.\nCruise lines compete with other vacation alternatives such as land-based resort hotels and sightseeing destinations for consum- ers' leisure time.\nDemand for such activities is influ- enced by political and general economic conditions.\nCompanies within the vacation market are dependent on consumer discretionary spending.\nOPERATING STRATEGIES Our principal operating strategies are to: · protect the health, safety and security of our guests and employees and protect the environment in which our vessels and organization operate.\n· strengthen and support our human capital in orderto better serve our global guest base and grow our business.\n· further strengthen our consumer engagement in order to enhance our revenues while continuing to expand and diversify our guest mix through interna- tional guest sourcing.\n· manage the efficiency of our operating expenditures and ensure adequate cash and liquidity.\nwith the overall goal of maximizing our return on invested capital and long-term shareholder value, increase the awareness and market penetration of our brands throughout the world.\n· strategically invest in our existing fleet through the revitalization of existing ships and the transfer of key innovations across each brand, while expanding our fleet with the new state-of-the-art cruise ships recently delivered and on order, · capitalize on the portability and flexibility of our ships by deploying them into those markets and itinerariesthat provide opportunities to optimize returns, while continuing our focus on existing key markets.\n· further enhance our technological capabilities to support ongoing operations and initiatives, and · maintain strong relationships with travel agencies.\nthe principal industry distribution channel, while enhancing our consumer outreach programs."}
{"_id": "d886e7bac", "title": "", "text": "| Years Ended December 31, | 2012 | (in millions) | Direct premiums | Reinsurance ceded | Net premiums |"}
{"_id": "d8691c38e", "title": "", "text": "| 2007 2006 | Financial Services Businesses | ASSETS | Fixed maturities: | Available for sale, at fair value | Held to maturity, at amortized cost | Trading account assets supporting insurance liabilities, at fair value | Other trading account assets, at fair value | Equity securities, available for sale, at fair value | Commercial loans | Policy loans | Securities purchased under agreements to resell | Other long-term investments | Short-term investments | Total investments | Cash and cash equivalents | Accrued investment income | Reinsurance recoverables | Deferred policy acquisition costs | Other assets | Separate account assets | TOTAL ASSETS | LIABILITIES AND ATTRIBUTED EQUITY | LIABILITIES | Future policy benefits | Policyholders’ account balances | Policyholders’ dividends | Reinsurance payables | Securities sold under agreements to repurchase | Cash collateral for loaned securities | Income taxes | Short-term debt | Long-term debt | Other liabilities | Separate account liabilities | Total liabilities | COMMITMENTS AND CONTINGENT LIABILITIES | ATTRIBUTED EQUITY | Accumulated other comprehensive income | Other attributed equity | Total attributed equity | TOTAL LIABILITIES AND ATTRIBUTED EQUITY |"}
{"_id": "d88e6bfd6", "title": "", "text": "| 2012 2011 | Balance at January 1 | Accruals for warranties issued during the year | Accruals related to pre-existing warranties | Settlements made (in cash or kind) during the year | Other, net (including currency translation) | Balance at December 31 |"}
{"_id": "d8ef39516", "title": "", "text": "| As of and for the Year Ended December 31, | (dollars in millions) | Net interest income | Noninterest income | Total revenue | Noninterest expense | Profit before provision for credit losses | Provision for credit losses | Income before income tax expense | Income tax expense | Net income | Loans and leases and loans held for sale (year-end)(1) | Average Balances: | Total assets | Loans and leases and loans held for sale-1 | Deposits and deposits held for sale | Interest-earning assets | Key Metrics: | Net interest margin | Efficiency ratio-2 | Average loans to average deposits ratio | Return on average total tangible assets-2 | Return on average tangible common equity-2 (3) |"}
{"_id": "d8e2f51d8", "title": "", "text": "Entergy Texas, Inc.  and Subsidiaries Management’s Financial Discussion and Analysis 406 State and Local Rate Regulation and Fuel-Cost Recovery The rates that Entergy Texas charges for its services significantly influence its financial position, results of operations, and liquidity.\nEntergy Texas is regulated and the rates charged to its customers are determined in regulatory proceedings.\nThe PUCT, a governmental agency, is primarily responsible for approval of the rates charged to customers.\nFilings with the PUCT 2011 Rate Case In November 2011, Entergy Texas filed a rate case requesting a $112 million base rate increase reflecting a 10.6% return on common equity based on an adjusted June 2011 test year. ?\n?The rate case also proposed a purchased power recovery rider. ?\n?On January 12, 2012, the PUCT voted not to address the purchased power recovery rider in the rate case, but the PUCT voted to set a baseline in the rate case proceeding that would be applicable if a purchased power capacity rider is approved in a separate proceeding. ?\n?In April 2012 the PUCT Staff filed direct testimony recommending a base rate increase of $66 million and a 9.6% return on common equity. ?\n?The PUCT Staff, however, subsequently filed a statement of position in the proceeding indicating that it was still evaluating the position it would ultimately take in the case regarding Entergy Texas’s recovery of purchased power capacity costs and Entergy Texas’s proposal to defer its MISO transition expenses. ?\n?In April 2012, Entergy Texas filed rebuttal testimony indicating a revised request for a $105 million base rate increase. ?\n?A hearing was held in late-April through early-May 2012.\nIn September 2012 the PUCT issued an order approving a $28 million rate increase, effective July 2012. ?\n?The order included a finding that “a return on common equity (ROE) of 9.80 percent will allow [Entergy Texas] a reasonable opportunity to earn a reasonable return on invested capital.\n”?\n?The order also provided for increases in depreciation rates and the annual storm reserve accrual. ?\n?The order also reduced Entergy Texas’s proposed purchased power capacity costs, stating that they are not known and measurable; reduced Entergy Texas’s regulatory assets associated with Hurricane Rita; excluded from rate recovery capitalized financially-based incentive compensation; included $1.6 million of MISO transition expense in base rates; and reduced Entergy’s Texas’s fuel reconciliation recovery by $4"}
{"_id": "d8a789310", "title": "", "text": "| Fiscal Years Ended March 31, | 2015 | (in $000's) | Impella product revenue | Service and other revenue | Other products | Total product revenue | Funded research and development | Total revenue |"}
{"_id": "d8c68370c", "title": "", "text": "The volume of natural gas produced and electric power generated in Ecuador are related to thermal electricity demand in Ecuador which typically declines at the onset of the rainy season.\nWhen Ecuador has sufficient rainfall to allow hydroelectric power producers to provide base load power, we provide electricity only to meet peak demand.\nAs seasonal rains subside, we experience increasing demand for thermal electricity.\nElectricity generation expense includes all operating and non-operating expenses associated with the plant, including DD&A expense and changes in the allowance for doubtful accounts.\nThe allowance is necessary to cover potentially uncollectible balances related to the Ecuador power operations, as certain entities purchasing electricity in Ecuador have been slow to pay amounts due us.\nIn 2009, we reduced the allowance for doubtful accounts by $46 million and included the amount as a reduction in electricity generation expense as a result of amounts received related to a settlement.\nWe charged additions to the allowance of $14 million in 2009, $11 million in 2008, and $14 million in 2007.\nSee Item 8.\nFinancial Statements and Supplementary Data – Note 2.\nSummary of Significant Accounting Policies.\nAt both December 31, 2009 and 2008, we assessed the recoverability of our Ecuador investment.\nAs a result of these analyses, we determined that our investment was impaired and recorded pre-tax (non-cash) impairments of $100 million and $70 million, respectively.\nSee Critical Accounting Policies and Estimates – Impairment of Proved Oil and Gas Properties and Other Investments and Item 8.\nFinancial Statements – Note 3.\nAsset Impairments.\n(Gain) Loss on Involuntary Conversion In 2009, we recorded a net gain of $9 million related to receipt of insurance claims for damage caused by Hurricanes Katrina and Rita.\nWe recorded losses on involuntary conversion of $9 million in 2008 and $51 million in 2007 related to hurricane damage to our Gulf of Mexico Main Pass assets.\nThe amounts are included in other operating expense, net in the consolidated statements of operations.\nSee Item 8.\nFinancial Statements and Supplementary Data – Note 2.\nSummary of Significant Accounting Policies.\nOther Other operating expense, net includes reductions in the carrying value of a receivable from SemCrude, L. P. , a crude oil purchaser.\nReductions totaled $12 million in 2009 and $38 million in 2008.\nSee Item 8.\nFinancial Statements and Supplementary Data – Note 17.\nCommitments and Contingencies.\n(Gain) Loss on Commodity Derivative Instruments Gain (loss) on commodity derivative instruments was as follows:"}
{"_id": "d895ff360", "title": "", "text": "| (millions of dollars) 2012 2011 | Balance, January 1 | Additions based on tax positions related to current year | Additions for tax positions of prior years | Reductions for closure of tax audits and settlements | Reductions for lapse in statute of limitations | Translation adjustment | Balance, December 31 |"}
{"_id": "d8d4d29fc", "title": "", "text": "| Millions of Dollars 2009 2008 2007 % Change 2009 v 2008 % Change 2008 v 2007 | Compensation and benefits | Fuel | Purchased services and materials | Depreciation | Equipment and other rents | Other | Total |"}
{"_id": "d861f4296", "title": "", "text": "ACQUISITIONS AND DISPOSITIONS ACQUISITIONS The Duke Energy Registrants consolidate assets and liabilities from acquisitions as of the purchase date and include earnings from acquisitions in consolidated earnings after the purchase date.2016 Acquisition of Piedmont Natural Gas On October 3, 2016, Duke Energy acquired all outstanding common stock of Piedmont for a total cash purchase price of $5.0 billion and assumed Piedmonts existing long-term debt, which had a fair value of approximately $2.0 billion at the time of the acquisition.\nThe acquisition provides a foundation for Duke Energy to establish a broader, long-term strategic natural gas infrastructure platform to complement its existing natural gas pipeline investments and regulated natural gas business in the Midwest.\nIn connection with the closing of the acquisition, Piedmont became a wholly owned subsidiary of Duke Energy.\nPurchase Price Allocation The purchase price allocation of the Piedmont acquisition is as follows:"}
{"_id": "d8dd217f2", "title": "", "text": "| Actual - Fiscal 2019 Projected - Fiscal 2020 New Restaurant Openings Pro-Forma New Restaurants | Restaurant Openings | Olive Garden | LongHorn Steakhouse | Cheddar’s Scratch Kitchen | Yard House | The Capital Grille -1 | Seasons 52 | Bahama Breeze | Eddie V’s | Totals |"}
{"_id": "d890550fe", "title": "", "text": "| At December 31, | 2010 | (In thousands) | Balance Sheet Data | Unrestricted and restricted cash, cash equivalents, and | marketable securities (current and non-current) | Total assets | Notes payable (current and non-current) | Facility lease obligations (current and non-current) | Capital lease obligations (current and non-current) | Stockholders’ equity |"}
{"_id": "d89813a16", "title": "", "text": "| 2016 | (Dollars in millions) | Allowance for loan and lease losses, January 1 | Loans and leases charged off | Recoveries of loans and leases previously charged off | Net charge-offs | Write-offs of PCI loans | Provision for loan and lease losses | Other-1 | Allowance for loan and lease losses, December 31 | Less: Allowance included in assets of business held for sale-2 | Total allowance for loan and lease losses, December 31 | Reserve for unfunded lending commitments, January 1 | Provision for unfunded lending commitments | Other-1 | Reserve for unfunded lending commitments, December 31 | Allowance for credit losses, December 31 |"}
{"_id": "d8ee11ce2", "title": "", "text": "| Year ended December 31 Change | Dollars in millions | Average assets | Interest-earning assets | Investment securities | Loans | Interest-earning deposits with banks | Other | Total interest-earning assets | Noninterest-earning assets | Total average assets | Average liabilities and equity | Interest-bearing liabilities | Interest-bearing deposits | Borrowed funds | Total interest-bearing liabilities | Noninterest-bearing deposits | Other liabilities | Equity | Total average liabilities and equity |"}
{"_id": "d8bd674ca", "title": "", "text": "policies regarding other-than-temporary impairments, including our assertions regarding our ability and intent to hold equity securities to recovery and any intention or requirement to sell debt securities before anticipated recovery, see Fixed Maturity SecuritiesOtherthan-Temporary Impairments of Fixed Maturity Securities and Equity SecuritiesOther-than-Temporary Impairments of Equity Securities, below.\nManagement of Investments We design asset mix strategies and derivative strategies for our general account to match the characteristics of our products and other obligations and seek to closely approximate the interest rate sensitivity, but not necessarily the exact cash flow characteristics, of the assets with the estimated interest rate sensitivity of the product liabilities.\nIn certain markets, primarily outside the U. S. , capital market limitations hinder our ability to acquire assets that closely approximate the duration of some of our liabilities.\nWe achieve income objectives through asset/liability management, strategic and tactical asset allocations and derivative strategies within a disciplined risk management framework.\nDerivative strategies are employed within our risk management framework to help manage duration gaps, currency, and other risks between assets and liabilities.\nFor a discussion of our risk management process see Quantitative and Qualitative Disclosures About Market RiskRisk Management, Market Risk and Derivative Instruments, and Other Than Trading ActivitiesInsurance and Annuity Products Asset/Liability Management.\n Our asset allocation also reflects our desire for broad diversification across asset classes, sectors and issuers.\nThe Asset Management segment manages virtually all of our investments, other than those managed by our International Insurance segment, under the direction and oversight of the Asset Liability Management and Risk Management groups.\nOur International Insurance segment manages the majority of its investments locally, within enterprise risk constraints, in most cases using the international and domestic asset management capabilities of our International Investments or Asset Management segments.\nThe Investment Committee of our Board of Directors oversees our proprietary investments.\nIt also reviews performance and risk positions periodically.\nOur Asset Liability Management and Risk Management groups develop the investment policy for the general account assets of our insurance subsidiaries, oversee the investment process for our general account and have the authority to initiate tactical shifts within exposure ranges approved annually by the Investment Committee.\nThe Asset Liability Management and Risk Management groups work closely with each of our business units to ensure that the specific characteristics of our products are incorporated into their processes and to develop investment objectives, including performance factors and measures and asset allocation ranges.\nWe adjust this dynamic process as products change, as customer behavior changes and as changes in the market environment occur.\nWe develop asset strategies for specific classes of product liabilities and attributed or accumulated surplus, each with distinct risk characteristics.\nMost of our products can be categorized into the following three classes: ?\ninterest-crediting products for which the rates credited to customers are periodically adjusted to reflect market and competitive forces and actual investment experience, such as fixed annuities and universal life insurance; ?\nparticipating individual and experience-rated group products in which customers participate in actual investment and business results through annual dividends, interest or return of premium; and ?\nguaranteed products for which there are price or rate guarantees for the life of the contract, such as GICs and funding agreements.\nWe determine a target asset mix for each product class, which we reflect in our investment policies.\nOur asset/liability management process has permitted us to manage interest-sensitive products successfully through several market cycles.\nPortfolio Composition Our investment portfolio consists of public and private fixed maturity securities, commercial mortgage and other loans, equity securities and other invested assets.\nThe composition of our general account reflects, within the discipline provided by our risk management approach, our need for competitive results and the selection of diverse investment alternatives available primarily through our Asset Management segment.\nThe size of our portfolio enables us to invest in asset classes that may be unavailable to the typical investor."}
{"_id": "d896c46ce", "title": "", "text": "| 2011 2010 | (In millions) | Balance at beginning of year | Transfer from loans | Valuation adjustments | Foreclosed property sold | Payments and other | -158 | Balance at end of year |"}
{"_id": "d8b8f37b8", "title": "", "text": "Consumer Purchased Impaired Loan Class Estimates of the expected cash flows primarily determine the valuation of consumer purchased impaired loans.\nConsumer cash flow estimates are influenced by a number of credit related items, which include, but are not limited to: estimated real estate values, payment patterns, updated FICO scores, the current economic environment, updated LTV ratios and the date of origination.\nThese key factors are monitored to help ensure that concentrations of risk are managed and cash flows are maximized.\nSee Note 4 Purchased Loans for additional information.\nTable 57: Home Equity and Residential Real Estate Balances"}
{"_id": "d81e4fd60", "title": "", "text": "| Year ended December 31, (in millions) 2010 2009 | Balance, beginning of period | Additions: | Newly credit-impaired securities | Increase in losses on previously credit-impairedsecurities | Losses reclassified from other comprehensiveincome on previously credit-impaired securities | Reductions: | Sales of credit-impaired securities | Impact of new accounting guidance relatedto VIEs | Balance, end of period |"}
{"_id": "d894a3be2", "title": "", "text": "| Year Ended December 31, % Point Change | 2016 | Next Day Air / Deferred | Ground |"}
{"_id": "d89774768", "title": "", "text": "OFF-BALANCE SHEET ARRANGEMENTS Our off-balance sheet arrangements as of December 31, 2017 included letters of credit of $41 million and performance guarantees with possible cash outlays of approximately $79 million, for which we accrued $21 million as of December 31, 2017 for estimated probable exposure.\nSee Note 20: Commitments and Contingencies in our consolidated financial statements for additional information."}
{"_id": "d8bd67506", "title": "", "text": "Table of Contents The following table discloses purchases of shares of our common stock made by us or on our behalf during the fourth quarter of 2015."}
{"_id": "d8785f0d0", "title": "", "text": "EUROPEAN INDUSTRIAL PACKAGING net sales for 2007 were $1.1 billion, up from $1.0 billion in 2006 and $880 million in 2005.\nSales volumes were about flat as early stronger demand in the industrial segment weakened in the second half of the year.\nOperating profits in 2007 were $88 million compared with $69 million in 2006 and $53 million in 2005.\nSales margins improved reflecting increased sales prices for boxes.\nConversion costs were favorable as the result of manufacturing improvement programs.\nEntering the first quarter of 2008, sales volumes should be strong seasonally across all regions as the winter fruit and vegetable season continues.\nProfit margins, however, are expected to be somewhat lower."}
{"_id": "d8612d92a", "title": "", "text": "For the years ended December 31, 2017, 2016 and 2015, the Company repurchased a total of 9.9 million shares, 17.6 million shares and 13.9 million shares, respectively, of its common stock for an aggregate cost of $1.3 billion, $1.7 billion and $1.7 billion, respectively.\nIn December 2015, the Company’s Board of Directors authorized additional expenditures of up to $2.5 billion for the repurchase of shares of the Company’s common stock through December 31, 2017, which was exhausted in the third quarter of 2017.\nIn April 2017, the Company’s Board of Directors authorized an expenditure of up to $2.5 billion for the repurchase of shares of the Company’s common stock through June 30, 2019.\nAs of December 31, 2017, the Company had $2.1 billion remaining under its share repurchase authorizations.\nThe Company may also reacquire shares of its common stock under its share-based compensation plans related to restricted stock awards and certain option exercises.\nThe holders of restricted shares may elect to surrender a portion of their shares on the vesting date to cover their income tax obligation.\nThese vested restricted shares are reacquired by the Company and the Company’s payment of the holders’ income tax obligations are recorded as a treasury share purchase.\nFor the years ended December 31, 2017, 2016 and 2015, the Company reacquired 0.3 million shares, 0.3 million shares and 0.4 million shares, respectively, of its common stock through the surrender of shares upon vesting and paid in the aggregate $33 million, $29 million and $49 million, respectively, related to the holders’ income tax obligations on the vesting date.\nOption holders may elect to net settle their vested awards resulting in the surrender of the number of shares required to cover the strike price and tax obligation of the options exercised.\nThese shares are reacquired by the Company and recorded as treasury shares.\nFor the years ended December 31, 2017, 2016 and 2015, the Company reacquired 2.2 million shares, 0.5 million shares and 0.7 million shares, respectively, of its common stock through the net settlement of options for an aggregate value of $298 million, $48 million and $92 million, respectively.\nFor the years ended December 31, 2017, 2016 and 2015, respectively, the Company reissued 0.8 million, 0.9 million and 1.0 million treasury shares, respectively, for restricted stock award grants, PSUs, and issuance of shares vested under advisor deferred compensation plans.19."}
{"_id": "d89d89068", "title": "", "text": "| Twelve Months Ended | (Millions of Dollars) | Operating revenues | Gas purchased for resale | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Gas operating income |"}
{"_id": "d8145f1de", "title": "", "text": "| (Millions of Dollars) 2005 2004 2003 | Nonregulated and other revenue | Nonregulated cost of goods sold | Nonregulated margin |"}
{"_id": "d8885235c", "title": "", "text": "| December 31, 2008 Net Flows Market Appreciation/ (Depreciation) & Other ForeignExchange December 31, 2009 | (in billions) | Columbia Managed Assets:-1 | Retail Funds | Institutional Funds | Alternative Funds | Less: Eliminations | Total Columbia Managed Assets | Threadneedle Managed Assets: | Retail Funds | Institutional Funds | Alternative Funds | Total Threadneedle Managed Assets | Less: Sub-Advised Eliminations | Total Managed Assets |"}
{"_id": "d8c17079c", "title": "", "text": "Dispositions We sell apartment communities and other assets that no longer meet our long-term strategy or when market conditions are favorable, and we redeploy the proceeds from those sales to acquire, develop and redevelop additional apartment communities and rebalance our portfolio across or within geographic regions.\nDispositions also allow us to realize a portion of the value created through our investments and provide additional liquidity.\nWe are then able to redeploy the net proceeds from our dispositions in lieu of raising additional capital.\nIn deciding to sell an apartment community, we consider current market conditions and generally solicit competing bids from unrelated parties for these individual assets, considering the sales price and other key terms of each proposal.\nWe also consider portfolio dispositions when such a structure is useful to maximize proceeds and efficiency of execution.\nDuring the year ended December 31, 2017, we disposed of five multifamily properties totaling 1,760 units and four land parcels totaling approximately 23 acres.\nDevelopment As another part of our growth strategy, we invest in a limited number of development projects.\nDevelopment activities may be conducted through wholly-owned affiliated companies or through joint ventures with unaffiliated parties.\nFixed price construction contracts are signed with unrelated parties to minimize construction risk.\nWe typically manage the leasing portion of the project as units become available for lease.\nWe may also engage in limited expansion development opportunities on existing communities in which we typically serve as the developer.\nWhile we seek opportunistic new development investments offering attractive long-term investment returns, we intend to maintain a total development commitment that we consider modest in relation to our total balance sheet and investment portfolio.\nDuring the year ended December 31, 2017, we incurred $170.1 million in development costs and completed 7 development projects."}
{"_id": "d89b7be92", "title": "", "text": "| Income Statements Retail & Business Banking Regional & Commercial Banking Former Regional Banking AFCRE WGH Treasury/ Other Huntington Consolidated | (dollar amounts in thousands) | 2011 | Net interest income | Provision for credit losses | Noninterest income | Noninterest expense | Provision for income taxes | Operating/reported net income | 2010 | Net interest income | Provision for credit losses | Noninterest income | Noninterest expense | Provision (benefit) for income taxes | Operating/reported net income (loss) | 2009 | Net interest income | Provision for credit losses | Noninterest income | Noninterest expense, | excluding goodwill impairment | Goodwill impairment | Provision (benefit) for income taxes | Operating/reported net income (loss) |"}
{"_id": "d87053b20", "title": "", "text": "| For the years ended December 31, 2010, 2009, and 2008(in millions of U.S. dollars, except for percentages) DirectAmount Ceded To Other Companies Assumed From Other Companies Net Amount Percentage of Amount Assumed to Net | 2010 | 2009 | 2008 |"}
{"_id": "d8bd014c2", "title": "", "text": "| AAG December 31, American December 31, | 2013 | Cash | Short-term investments | Restricted cash and short-term investments1 | Total cash, short-term investments and restricted cash and short-term investments | Year Ended December 31, | 2014 | (In millions) | Operating income (loss) – GAAP | Operating special items, net -1 | Operating income (loss) excluding special items | Net income (loss) – GAAP | Operating special items, net -1 | Nonoperating special items, net -2 | Reorganization items, net -3 | Income tax special items -4 | Net income (loss) excluding special items |"}
{"_id": "d8b642e74", "title": "", "text": "Capital and liquidity management JPMorgan Chase increased capital during 2003.\nAt December 31, 2003, the Firms Tier 1 capital was $43.2 billion, $5.6 billion higher than at December 31, 2002.\nThe Tier 1 capital ratio of 8.5% was well in excess of the minimum regulatory guidelines, it was 8.2% at year-end 2002.\nThe Firm maintained the quarterly dividend of $0.34 per share on its common stock.\nJPMorgan Chase did not repur- chase shares of its common stock in 2003.\nManagement expects to recommend to the Board of Directors that the Firm resume its share repurchase program after the completion of the pending merger with Bank One Corporation (see Business events below).\nThe Firms liquidity management is designed to ensure sufficient liquidity resources to meet all its obligations, both on- and offbalance sheet, in a wide range of market environments.\nThe Firms access to the unsecured funding markets is dependent upon its credit rating.\nDuring 2003, the Firm maintained senior debt ratings of AA-/Aa3/A+ at JPMorgan Chase Bank and A+/A1/A+ at the parent holding company.\nUpon the announce- ment of the proposed merger with Bank One Corporation, Moodys and Fitch placed the Firms ratings on review for an"}
{"_id": "d8d42a8a6", "title": "", "text": "| 3.01* Restated Articles of Incorporation of Xcel Energy, as amended on May 21, 2008. (Exhibit 3.01 to Form 10-Q for the quarter ended June 30, 2008 (file no. 001-03034)). Restated By-Laws of Xcel Energy (Exhibit 3.01 to Form 8-K dated Aug. 12, 2008 (file no. 001-03034)). | 4.01* | 4.02* | 4.03* | 4.04+* | 4.05+* | 4.06* | 4.07* | 4.08* | 4.09* | 4.10* | 4.11* | 4.12* | Supplemental Indenture dated Oct. 1, 1992 (Exhibit 4.01 to Form 8-K (file no. 001-03034) dated Oct. 13, 1992, Rider A). | Supplemental Indenture dated April 1, 1993 (Exhibit 4.01 to Form 8-K (file no. 001-03034) dated March 30, 1993, Rider A). | Supplemental Indenture dated Dec. 1, 1993 (Exhibit 4.01 to Form 8-K (file no. 001-03034) dated Dec. 7, 1993, Rider A). | Supplemental Indenture dated June 1, 1995 (Exhibit 4.01 to Form 8-K (file no. 001-03034) dated June 28, 1995, Rider A). | Supplemental Indenture dated March 1, 1998 (Exhibit 4.01 to Form 8-K (file no. 001-03034) dated March 11, 1998, Rider A). | Supplemental Indenture dated May 1, 1999 (Exhibit 4.49 to NSP-Minnesota Form 10-12G (file no. 000-31709) dated Oct. 5, 2000, Rider A). | Supplemental Indenture dated June 1, 2000 (Exhibit 4.50 to NSP-Minnesota Form 10-12G (file no. 000-31709) dated Oct. 5, 2000, Rider A). | 4.13* | 4.14* | 4.15* |"}
{"_id": "d81f77ad0", "title": "", "text": "Pretax Results ?\nEmployer Group segment pretax income decreased $46 million, or 16%, to $242 million in 2011 primarily due to the impact of minimum benefit ratios required under the Health Insurance Reform Legislation which became effective in 2011.\nEnrollment ?\nFully-insured commercial group medical membership decreased 72,000 members, or 5.7%, from December 31, 2010 to December 31, 2011 primarily due to continued pricing discipline in a highly competitive environment for large group business partially offset by small group business membership gains.  ?\nGroup ASO commercial medical membership decreased 161,300 members, or 11.1%, from December 31, 2010 to December 31, 2011 primarily due to continued pricing discipline in a highly competitive environment for self-funded accounts.\nPremiums revenue ?\nEmployer Group segment premiums decreased by $203 million, or 2.2%, from 2010 to $8.9 billion for 2011 primarily due to lower average commercial group medical membership year-over-year and rebates associated with minimum benefit ratios required under the Health Insurance Reform Legislation which became effective in 2011, partially offset by an increase in group Medicare Advantage membership.\nRebates result in the recognition of lower premiums revenue, as amounts are set aside for payments to commercial customers during the following year.\nBenefits expense ?\nThe Employer Group segment benefit ratio of 82.4% for 2011 was unchanged from 2010 due to offsetting factors.\nFactors increasing the 2011 ratio compared to the 2010 ratio include growth in our group Medicare Advantage products which generally carry a higher benefit ratio than our fully-insured commercial group products and the effect of rebates accrued in 2011 associated with the minimum benefit ratios required under the Health Insurance Reform Legislation.\nFactors decreasing the 2011 ratio compared to the 2010 ratio include the beneficial effect of higher favorable prior-period medical claims reserve development in 2011 versus 2010 and lower utilization of benefits in our commercial group"}
{"_id": "d8f36b8be", "title": "", "text": "| Asset Categories 10% Sensitivity Amount as of December | in millions | ICBC | Equity (excluding ICBC)1 | Debt2 |"}
{"_id": "d87843204", "title": "", "text": "| Real Estate | Commercial, Financial, Leasing, etc | (In thousands) | December 31, 2014 | Pass | Criticized accrual | Criticized nonaccrual | Total | December 31, 2013 | Pass | Criticized accrual | Criticized nonaccrual | Total |"}
{"_id": "d881ef1b8", "title": "", "text": "| Consolidated Statement of Operations Data Fiscal | (In millions, except per share amounts) | Total net revenue | Total costs and expenses | Operating income from continuing operations | Total share-based compensation expense included in total costs and expenses | Net income from continuing operations | Net income (loss) from discontinued operations | Net income | Net income per common share: | Basic net income per share from continuing operations | Basic net income (loss) per share from discontinued operations | Basic net income per share | Diluted net income per share from continuing operations | Diluted net income(loss) per share from discontinued operations | Diluted net income per share | Dividends declared per common share | (Dollars in millions) | Net cash provided by (used in): | Operating activities | Investing activities | Financing activities | Effect of exchange rate changes on cash | Increase (decrease) in cash and cash equivalents |"}
{"_id": "d8dd5582c", "title": "", "text": "| In billions of dollars Non-bank Bank -1 Total Citigroup | Commercial paper |"}
{"_id": "d8d4e16a0", "title": "", "text": "2007 to 2006 Annual Comparison.\nTotal new annualized premiums decreased $152 million, or 30%, from $504 million in 2006 to $352 million in 2007.\nThis decrease is primarily due to lower large case sales in the group life business during 2007, reflective of highly competitive pricing in the marketplace and the pricing discipline we apply in writing business.\nPartially offsetting this decrease were higher large case and middle-market sales in the group disability business during 2007.2006 to 2005 Annual Comparison.\nTotal new annualized premiums decreased $20 million, from $524 million in 2005 to $504 million in 2006.\nThis decrease was primarily attributable to lower sales in our group disability business, as 2005 reflects higher premiums relating to our assumption of existing liabilities from a third party.\nGroup life sales were relatively unchanged, as a significant large case sale in the first quarter of 2005 was offset by several large case sales during 2006."}
{"_id": "d8b70ffd2", "title": "", "text": "See Note 1 to the Consolidated Financial Statements for further information on our revenue recognition accounting policies.\nClients Our large and diverse client base includes many of the most recognizable companies and brands throughout the world.\nOur holding company structure allows us to maintain a diversified client base across and within a full range of industry sectors.\nIn the aggregate, our top ten clients based on revenue accounted for approximately 19% and 20% of revenue in 2015 and 2014, respectively.\nOur largest client accounted for approximately 4% and 5% of revenue for 2015 and 2014, respectively.\nBased on revenue for the year ended December 31, 2015, our largest client sectors (in alphabetical order) were auto and transportation, healthcare and tech and telecom.\nWe represent several different clients, brands or divisions within each of these sectors in a number of geographic markets, as well as provide services across multiple advertising and"}
{"_id": "d8a84115e", "title": "", "text": "| (In thousands) | Year ending December 31, | 2018 | 2019 | 2020 | 2021 | 2022 | Thereafter | 171,435 | Less amount representing interest | Present value |"}
{"_id": "d8c813126", "title": "", "text": "| December 31, 2011 December 31, 2010 | $ in millions | Unsecured Senior Notes*: | 5.625% - due April 17, 2012 | 5.375% - due February 27, 2013 | 5.375% - due December 15, 2014 | Floating rate credit facility expiring June 3, 2016 | Total debt | Less: current maturities of total debt | Long-term debt |"}
{"_id": "d8924d596", "title": "", "text": "Segment Performance Summary"}
{"_id": "d8da5be5a", "title": "", "text": "| 2014 2013 | Deferred tax assets: | Tax/GAAP basis differences | Net operating losses | Related party deferred losses | Tax credit carryforwards | Capital loss carryforwards | Charitable contribution carryforwards | Non-U.S. tax/GAAP basis differences | Valuation allowance – U.S. | Valuation allowance – Non-U.S. | Total deferred tax assets | Deferred tax liabilities – U.S. | Deferred tax liabilities – Non-U.S. | Net deferred tax assets |"}
{"_id": "d872648d8", "title": "", "text": "Gains and Losses on Financial Assets and Financial Liabilities Accounted for at Fair Value Under the Fair Value Option The table below presents the gains and losses recognized in earnings as a result of the firm electing to apply the fair value option to certain financial assets and financial liabilities.\nIn the table above: ° Gains/(losses) are included in market making and other principal transactions.\n° Gains/(losses) exclude contractual interest, which is included in interest income and interest expense, for all instruments other than hybrid financial instruments.\nSee Note 23 for further information about interest income and interest expense.\n° Gains/(losses) included in unsecured short-term borrowings are substantially all related to the embedded derivative component of hybrid financial instruments for 2017, 2016 and 2015.\nGains/(losses) included in unsecured long-term borrowings are primarily related to the embedded derivative component of hybrid financial instruments for 2017, 2016 and 2015.\nThese gains and losses would have been recognized under other U. S.  GAAP even if the firm had not elected to account for the entire hybrid financial instrument at fair value.\n° Other liabilities and accrued expenses includes gains/ (losses) on certain subordinated liabilities of consolidated VIEs.\n° Other primarily consists of gains/(losses) on receivables from customers and counterparties, deposits and other secured financings.\nExcluding the gains and losses on the instruments accounted for under the fair value option described above, market making and other principal transactions primarily represent gains and losses on financial instruments owned and financial instruments sold, but not yet purchased."}
{"_id": "d89ee5ede", "title": "", "text": "| 2006 % Change 2005 % Change 2004 | Net Revenues | North America | International | Operating Profit | North America | International |"}
{"_id": "d817bbf1c", "title": "", "text": "| 2009 | Fourth | Interest income | Interest expense | Net interest income | Provision for credit losses | Net interest (loss) income after provision for credit losses | Total noninterest income | Total noninterest expense | Loss before income taxes | Benefit for income taxes | Net loss | Dividends on preferred shares | Net loss applicable to common shares | Common shares outstanding | Average — basic | Average — diluted-2 | Ending | Book value per share | Tangible book value per share-3 | Per common share | Net loss- basic | Net loss — diluted | Cash dividends declared | Common stock price, per share | High-4 | Low-4 | Close | Average closing price | Return on average total assets | Return on average common shareholders’ equity | Return on average tangible common shareholders’ equity-5 | Efficiency ratio-6 | Effective tax rate (benefit) | Margin analysis-as a % of average earning assets-7 | Interest income-7 | Interest expense | Net interest margin-7 | Revenue — FTE | Net interest income | FTE adjustment | Net interest income-7 | Noninterest income | Total revenue-7 | Continued |"}
{"_id": "d81b7d4ac", "title": "", "text": "On October 22, 2004, the American Jobs Creation Act of 2004 (the \nAct) was signed into law.\nThe Act creates a temporary incentive for U. S.  companies to repatriate accumulated foreign earnings at a substantially reduced U. S.  effective tax rate by providing a dividends received deduction on the repatriation of certain foreign earnings to the U. S.  taxpayer (the repatriation provision).\nThe new deduction is subject to a number of limitations and requirements.\nIn the fourth quarter of 2005, the Firm applied the repatriation provision to $1.9 billion of cash from foreign earnings, resulting in a net tax benefit of $55 million.\nThe $1.9 billion of cash will be used in accordance with the Firm’s domestic reinvestment plan pursuant to the guidelines set forth in the Act.\nThe tax expense (benefit) applicable to securities gains and losses for the years 2005, 2004 and 2003 was $(536) million, $126 million and $477 million, respectively."}
{"_id": "d8b10a768", "title": "", "text": "| Wholesale Retail Licensing Total | (millions) | Balance at March 28, 2009 | Acquisition-related activity(a) | Other adjustments(b) | Balance at April 3, 2010 | Acquisition-related activity(a) | Other adjustments(b) | Balance at April 2, 2011 |"}
{"_id": "d8aac3242", "title": "", "text": "| Years Ended | September 29, 2012 | Amount | Operating Expenses | Research and development | Selling and marketing | General and administrative | Amortization of intangible assets | Contingent consideration—compensation expense | Contingent consideration—fair value adjustments | Impairment of goodwill | Gain on sale of intellectual property, net | Litigation settlement charges, net | Acquired in-process research and development | Restructuring and divestiture charges, net | $880,720 |"}
{"_id": "d8adec220", "title": "", "text": "Impact of Currency Volatility Currency volatility remains acute.\nSuch volatility affected line item components of income for those businesses with substantial international operations.\nIn particular, growth trends in net premiums written reported in U. S.  dollars can differ significantly from those measured in original currencies.\nThe net effect on underwriting results, however, is significantly mitigated, as both revenues and expenses are similarly affected.\nThese currencies may continue to fluctuate, in either direction, especially as a result of the UKs announced exit from the EU, and such fluctuations will affect net premiums written growth trends reported in U. S.  dollars, as well as financial statement line item comparability.\nGeneral Insurance businesses are transacted in most major foreign currencies.\nThe following table presents the average of the quarterly weighted average exchange rates of the Major Currencies, which have the most significant impact on our businesses:"}
{"_id": "d86de588e", "title": "", "text": "| Year Ended December 31, | 2006 | Reconstructive | Knees | Hips | Extremities | Dental | Total | Trauma | Spine | OSP and other | Total |"}
{"_id": "d88d5e53a", "title": "", "text": "| 2011 2010 2009 | Balance at beginning of year | Granted | Cancelled | Balance at end of year | Vested during the year | Compensation expense recorded | Weighted average fair value of restricted stock granted during the year |"}
{"_id": "d814987e0", "title": "", "text": "| 2012 2011 2010 | (In millions) | Sales and other operating revenues—Unaffiliated customers | Costs and expenses | Production expenses, including related taxes | Exploration expenses, including dry holes and lease impairment | General, administrative and other expenses | Depreciation, depletion and amortization | Total costs and expenses | Results of operations before income taxes | Provision for income taxes | Results of operations |"}
{"_id": "d8aaa2c36", "title": "", "text": "| Name of Project Location So. San Francisco, CA So. San Francisco, CA So. San Francisco, CA Redwood City, CA So. San Francisco, CA San Diego, CA Sacramento, CA Estimated Completion Date-14Q 2008 4Q 2008 4Q 2008 4Q 2009 3Q 2010 3Q 2010 3Q 2010 Estimated Total Investment $97,448 103,293 60,660 45,813 43,231 34,272 31,605 Total Investment To Date $79,744 84,546 47,761 29,277 7,300 20,272 23,626 | $416,322 | 2008 | Core price | Fuel surcharges | Environmental fees | Recycling commodities | Total price | Core volume-1 | Non-core volume | Total volume | Total internal growth | Acquisitions, net of divestitures-2 | Taxes-3 | Total revenue growth |"}
{"_id": "d889bcb3e", "title": "", "text": "Our broad range of services generates fee revenue and net interest revenue.\nFee revenue generated by our investment servicing and investment management businesses is augmented by trading services, securities finance and processing fees and other revenue.\nWe earn net interest revenue from client deposits and short-term investment activities by providing deposit services and short-term investment vehicles, such as repurchase agreements and commercial paper, to meet clients needs for high-grade liquid investments, and investing these sources of funds and additional borrowings in assets yielding a higher rate.\nFee Revenue Servicing and management fees collectively composed approximately 74% of our total fee revenue for 2011 and 73% for 2010.\nThe level of these fees is influenced by several factors, including the mix and volume of assets under custody and administration and assets under management, securities positions held and the volume of portfolio transactions, and the types of products and services used by clients, and are generally affected by changes in worldwide equity and fixed-income security valuations.\nWith respect to our business operations, we are standardizing certain core business processes, primarily through our execution of the State Street LEAN methodology, and driving automation of these business processes.\nWe are currently creating a new technology platform, including transferring certain core software applications to a private cloud, and have expanded our use of service providers associated with components of our technology infrastructure and application maintenance and support.\nWe expect the transfer of core software applications to a private cloud to occur primarily in 2013 and 2014.\nTo implement this program, we expect to incur aggregate pre-tax restructuring charges of approximately $400 million to $450 million over the four-year period ending December 31, 2014.\nTo date, we have recorded aggregate restructuring charges of $289 million in our consolidated statement of income, composed of $156 million in 2010 and $133 million in 2011.\nThe following table presents the charges by type of cost:"}
{"_id": "d811147cc", "title": "", "text": "UNITED PARCEL SERVICE, INC.  AND SUBSIDIARIES MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 28 Revenue The change in overall revenue was impacted by the following factors for the years ended December 31, 2013 and 2012, compared with the corresponding prior year periods:"}
{"_id": "d8ed18c64", "title": "", "text": "| Period-to-Period Change 2008 vs. 2007 Period-to-Period Change 2007 vs. 2006 | As a% of | Related | Amount | Average yield: | Solid waste | Waste-to-energy | Base business | Commodity | Electricity (IPPs) | Fuel surcharges and mandated fees | Total | Volume | Internal revenue growth | Acquisition | Divestitures | Foreign currency translation | $78 |"}
{"_id": "d880386d0", "title": "", "text": "| Years ended December 31, 2009 2006 Incremental change | NUMERATOR: | Operating income | Depreciation and amortization-4 | Currency translation-5 | Incremental adjusted operating income plus depreciation and amortization (atconstant foreign exchange rates) | DENOMINATOR: | Weighted–average adjusted cash used for investing activities-6 | Currency translation-5 | Weighted–average adjusted cash used for investing activities (at constant foreign exchange rates) | Three-year ROIIC-7 |"}
{"_id": "d8f43c32e", "title": "", "text": "| 2016 2015 | (Millions of Dollars) | Con Edison | Derivative assets: | Commodity (a)(b)(c) | Commodity held for sale (f) | Other (a)(b)(d) | Total assets | Derivative liabilities: | Commodity (a)(b)(c) | Interest Rate Swap (a)(b)(c)(g) | Commodity held for sale (f) | Total liabilities | CECONY | Derivative assets: | Commodity (a)(b)(c) | Other (a)(b)(d) | Total assets | Derivative liabilities: | Commodity (a)(b)(c) |"}
{"_id": "d8ea8bd7a", "title": "", "text": "| Return Periods (in years) 1 in 20 1 in 50 1 in 100 1 in 250 1 in 500 1 in 1,000 | Exceeding Probability | Zone/Area, Peril | Southeast U.S., Wind | Europe, Wind | California, Earthquake |"}
{"_id": "d817bbfa8", "title": "", "text": "| (Dollar amounts in thousands) Rate Principal Amount of   Subordinated Note/   Debenture Issued to Trust -1 Investment in   Unconsolidated   Subsidiary -2 | Huntington Capital I | Huntington Capital II | Huntington Capital III | BancFirst Ohio Trust Preferred | Sky Financial Capital Trust I | Sky Financial Capital Trust II | Sky Financial Capital Trust III | Sky Financial Capital Trust IV | Prospect Trust I | Total |"}
{"_id": "d88791e18", "title": "", "text": "| December 31, (in millions) 2013 2012 | Residential real estate – excluding PCI | Home equity: | Senior lien | Junior lien | Mortgages: | Prime, including option ARMs | Subprime | Other consumer loans | Auto | Business banking | Student and other | Residential real estate – PCI | Home equity | Prime mortgage | Subprime mortgage | Option ARMs | Total retained loans |"}
{"_id": "d8738a30c", "title": "", "text": "| 2011 2010 | Revenue | Oilfield Services | North America | Latin America | Europe/CIS/Africa | Middle East & Asia | Eliminations & other | 36,959 | Distribution | Eliminations | 2,581 | Corporate & other-1 | Interest income-2 | Interest expense-3 | Charges & credits-4 | $39,540 |"}
{"_id": "d872efdac", "title": "", "text": "Guidant.\nIn exchange, we made aggregate payments totaling $600 million to Johnson & Johnson during 2015.\nThe 2014 net charges also include amounts related to transvaginal surgical mesh product liability cases and claims and certain other items.\nLitigation related charges and credits are excluded by management for purposes of evaluating operating performance.\nWe continue to assess certain litigation and claims to determine the amounts, if any, that management believes will be paid as a result of such claims and litigation and, therefore, additional losses may be accrued and paid in the future, which could materially adversely impact our operating results, cash flows and/ or our ability to comply with our debt covenants.\nRefer to Note KCommitments and Contingencies to our consolidated financial statements contained in Item 8 of this Annual Report for additional discussion of our material legal proceedings.\nPension Termination Charges We recorded pension termination charges of $44 million during 2015 associated with the termination of the Guidant Retirement Plan, a frozen defined benefit plan.\nWe do not expect to incur any additional charges in the future related to the termination of the Guidant Retirement Plan.\nThe pension termination charges are excluded by management for purposes of evaluating operating performance.\nGain on Divestiture In January 2011, we closed the sale of our Neurovascular business to Stryker Corporation.\nWe recorded a pre-tax gain of $12 million during 2014 associated with the transaction.\nThese divestiture-related gains are excluded by management for purposes of evaluating operating performance.\nInterest Expense Our interest expense was $233 million in 2016 with an average borrowing rate of 4.0 percent, as compared to $284 million in 2015, with an average borrowing rate of 5.2 percent.\nInterest expense in 2015 included a pre-tax charge of approximately $45 million associated with debt extinguishment charges, representing premiums, accelerated amortization of debt issuance costs and investor discount costs net of interest rate hedge gains related to the early extinguishment of $1.000 billion of debt during the second quarter of 2015.\nOur interest expense was $284 million in 2015, with an average borrowing rate of 5.2 percent, as compared to $216 million in 2014, with an average borrowing rates of 4.8 percent.\nThe increase was primarily due to the pre-tax charge of approximately $45 million associated with debt extinguishment charges, along with incremental debt to finance the AMS Portfolio Acquisition offset by savings from refinancing our senior notes.\nDebt extinguishment charges are excluded by management for purposes of evaluating operating performance.\nRefer to Liquidity and Capital Resources, Note EFair Value Measurements and Note FBorrowings and Credit Arrangements to our consolidated financial statements contained in Item 8 of this Annual Report for information regarding our debt obligations.\nOther, net Our other, net reflected expense of $37 million in 2016, expense of $39 million in 2015, and income of $8 million in 2014.\nThe following are the components of other, net:"}
{"_id": "d8e325450", "title": "", "text": "| Years Ended December 31, 2010/2009 2009/2008 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (NM, not meaningful) | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d891c709a", "title": "", "text": "| General and administrative expenses - 2010 $41.3 | Increase to overall pool of overhead costs -1 | Increased absorption of costs by wholly-owned development and leasing activities -2 | Increased allocation of costs to Service Operations and Rental Operations | General and administrative expenses - 2011 |"}
{"_id": "d81f02028", "title": "", "text": "| March 29,2014 March 30,2013 | Stores: | Freestanding stores | Concession shops | Total stores | E-commerce Sites: | North American sites(a) | European sites(b) | Asian sites(c) | Total e-commerce sites |"}
{"_id": "d818188b6", "title": "", "text": "| (Square feet in thousands) United States Other Countries Total | Owned | Leased | Total |"}
{"_id": "d8e96bbac", "title": "", "text": "Notes to the Financial Statements — Continued government.\nSee, Fifth Third Bancorp & Subsidiaries v.  United States, 1:05-CV-350 (S. D.  Ohio April 18, 2008).\nIn December 2008, this case was conditionally dismissed without prejudice to the parties until June 2, 2009, for the purpose of pursuing a settlement.\nIn the event a settlement is not reached, the case will be reinstated to the Court calendar.\nThe IRS has completed the pre-filing Compliance Assurance Process for the 2007 tax year and the company and the IRS did not reach agreement on the treatment of the LILO transactions within the 2007 tax return, a net tax deduction of $41 million.\nIn connection with its audit of Con Edison’s federal income tax return for the tax year 2006, the IRS disallowed $43 million of net tax deductions taken with respect to both of the LILO transactions for the tax year.\nCon Edison filed an appeal of this audit level disallowance with the Appeals Office of the IRS, where consideration of this matter is pending.\nIn connection with its audit of Con Edison’s federal income tax returns for the tax years 1998 through 2005, the IRS indicated that it intends to disallow $332 million of net tax deductions taken with respect to both of the LILO transactions for the tax years.\nIf and when these audit level disallowances become appealable, Con Edison intends to file appeals of the disallowances with the Appeals Office of the IRS.\nCon Edison believes that its LILO transactions have been correctly reported, and has not recorded any reserve with respect to the disallowance of tax losses, or related interest, in connection with its LILO transactions.\nCon Edison’s estimated tax savings, reflected in its financial statements, from the two Note L – Income Tax The components of income tax are as follows LILO transactions through December 31, 2008, in the aggregate, was $188 million.\nIf Con Edison were required to repay all or a portion of these amounts, it would also be required to pay interest of up to $78 million at December 31, 2008.\nIn July 2006, the FASB issued FSP No.\nFAS 13-2, “Accounting for a Change or Projected Change in the Timing of Cash Flows Relating to Income Taxes Generated by a Leveraged Lease Transaction,” which became effective for fiscal years beginning after December 15, 2006.\nThis FSP requires the expected timing of income tax cash flows generated by Con Edison’s LILO transactions to be reviewed at least annually.\nIf the expected timing of the cash flows is revised, the rate of return and the allocation of income would be recalculated from the inception of the LILO transactions, and the company would be required to recalculate the accounting effect of the LILO transactions, which would result in a charge to earnings that could have a material adverse effect on the company’s results of operations.\nNote K – Goodwill In 2008 and 2007, Con Edison completed impairment tests for its goodwill of $406 million related to the O&R merger, and determined that it was not impaired.\nFor the impairment test, $245 million and $161 million of the goodwill were allocated to Con Edison of New York and O&R, respectively.\nIn 2008, Con Edison completed impairment tests for the goodwill of $5 million related to two energy services companies acquired by Con Edison Solutions, and determined that it was not impaired."}
{"_id": "d8f82455e", "title": "", "text": "| Year Ended December 27, 2008 Year Ended December 29, 2007 Year Ended December 31, 2006 | Number of Shares | (In thousands except share price) | Nonvested balance at beginning of period | Granted | Forfeited | Vested | Nonvested balance at end of period |"}
{"_id": "d8259f3ea", "title": "", "text": "| December 31, 2009 – In millions 2009 | Unrecognized tax benefits related to: | Acquired companies within measurement period: | Permanent differences | Other: | Temporary differences | Permanent differences | Total |"}
{"_id": "d87903374", "title": "", "text": "| Millions 2012 2011 2010 | Agricultural | Automotive | Chemicals | Coal | Industrial Products | Intermodal | Total freight revenues | Other revenues | Total operatingrevenues |"}
{"_id": "d8a8bacf2", "title": "", "text": "| Pension Benefits Post-Retirement Benefits | 2013 | Weighted-average assumptions used to determine benefit obligations | Discount rate | Rate of compensation increase | Weighted-average assumptions used to determine net periodic benefit cost | Discount rate -1 | Expected return on plan assets | Rate of compensation increase | N/A—Not Applicable |"}
{"_id": "d82d2c8b0", "title": "", "text": "| December 31, 2007 | Risk Management Strategy | Primary duration-managed | Duration-monitored | Non duration-managed | Total |"}
{"_id": "d8ea4e01a", "title": "", "text": "| Six Months Ended June 30 | 2005 | (Dollars in millions) | Operating activities | Net income | Reconciliation of net income to net cash provided by (used in) operating activities: | Provision for credit losses | Gains on sales of debt securities | Depreciation and premises improvements amortization | Amortization of intangibles | Deferred income tax expense (benefit) | Net increase in trading and derivative instruments | Net increase in other assets | Net decrease in accrued expenses and other liabilities | Other operating activities, net | Net cash used in operating activities | Investing activities | Net decrease in time deposits placed and other short-term investments | Net (increase) decrease in federal funds sold and securities purchased under agreements to resell | Proceeds from sales of available-for-sale securities | Proceeds from maturities of available-for-sale securities | Purchases of available-for-sale securities | Proceeds from maturities of held-to-maturity securities | Proceeds from sales of loans and leases | Other changes in loans and leases, net | Additions to mortgage servicing rights, net | Net purchases of premises and equipment | Proceeds from sales of foreclosed properties | Net cash (paid for) acquired in business acquisitions | Other investing activities, net | Net cash used in investing activities | Financing activities | Net increase in deposits | Net increase in federal funds purchased and securities sold under agreements to repurchase | Net increase in commercial paper and other short-term borrowings | Proceeds from issuance of long-term debt | Retirement of long-term debt | Proceeds from issuance of common stock | Common stock repurchased | Cash dividends paid | Other financing activities, net | Net cash provided by financing activities | Effect of exchange rate changes on cash and cash equivalents | Net increase in cash and cash equivalents | Cash and cash equivalents at January 1 | Cash and cash equivalents at June 30 | GlobalPayments | May 31, 2012 | May 31, 2013 | May 31, 2014 | May 31, 2015 | May 31, 2016 | December 31, 2016 | December 31, 2017 |"}
{"_id": "d8785f260", "title": "", "text": "| Year Ended October 31, $ Change % Change $ Change % Change | 2014 | (dollars in millions) | Interest income | Interest expense | Gain (loss) on assets related to executive deferred compensation plan | Foreign currency exchange gain (loss) | Other, net | Total |"}
{"_id": "d869a2862", "title": "", "text": "| International Plan Assets | 2012 | Total | Asset Catergory: | Cash and Cash Equivalents | Equity Securities: | US(a) | International(b) | Debt Securities: | Corporate bonds(c) | Government and government-related debt securities(d) | Government agency collateralized mortgage obligations and mortgage backed securities(e) | Other collateralized mortgage obligations and mortgage-backed securities(f) | Alternative Investments: | Private equity(g) | Real estate(h) | Other | Total |"}
{"_id": "d88589832", "title": "", "text": "| Amount Ratios | December 31Dollars in millions | Risk-based capital | Tier 1 | PNC | PNC Bank, N.A. | Total | PNC | PNC Bank, N.A. | Leverage | PNC | PNC Bank, N.A. |"}
{"_id": "d8e6bf822", "title": "", "text": "| Year Ended December 31, | 2012 | $ | (In millions, except percentages) | North America | Europe and Africa | Asia-Pacific | South America | Total-1 |"}
{"_id": "d85f62082", "title": "", "text": "In particular, we have received commitments for $30.0 billion in debt financing to fund the Transactions which is comprised of (i) a $4.0 billion secured revolving credit facility, (ii) a $7.0 billion term loan credit facility and (iii) a $19.0 billion secured bridge loan facility.\nOur reliance on the financing from the $19.0 billion secured bridge loan facility commitment is intended to be reduced through one or more secured note offerings or other long-term financings prior to the merger closing.\nHowever, there can be no assurance that we will be able to issue any such secured notes or other long-term financings on terms we find acceptable or at all, especially in light of the recent debt market volatility, in which case we may have to exercise some or all of the commitments under the secured bridge facility to fund the Transactions.\nAccordingly, the costs of financing for the Transactions may be higher than expected.\nCredit rating downgrades could adversely affect the businesses, cash flows, financial condition and operating results of T-Mobile and, following the Transactions, the combined company.\nCredit ratings impact the cost and availability of future borrowings, and, as a result, cost of capital.\nOur current ratings reflect each rating agencys opinion of our financial strength, operating performance and ability to meet our debt obligations or, following the completion of the Transactions, obligations to the combined companys obligors.\nEach rating agency reviews these ratings periodically and there can be no assurance that such ratings will be maintained in the future.\nA downgrade in the rating of us and/or Sprint could adversely affect the businesses, cash flows, financial condition and operating results of TMobile and, following the Transactions, the combined company.\nWe have incurred, and will incur, direct and indirect costs as a result of the Transactions.\nWe have incurred, and will incur, substantial expenses in connection with and as a result of completing the Transactions, and over a period of time following the completion of the Transactions, the combined company also expects to incur substantial expenses in connection with integrating and coordinating our and Sprints businesses, operations, policies and procedures.\nA portion of the transaction costs related to the Transactions will be incurred regardless of whether the Transactions are completed.\nWhile we have assumed that a certain level of transaction expenses will be incurred, factors beyond our control could affect the total amount or the timing of these expenses.\nMany of the expenses that will be incurred, by their nature, are difficult to estimate accurately.\nThese expenses will exceed the costs historically borne by us.\nThese costs could adversely affect our financial condition and results of operations prior to the Transactions and the financial condition and results of operations of the combined company following the Transactions.\nItem 1B.\nUnresolved Staff Comments None.\nItem 2.\nProperties As of December 31, 2018, our significant properties that we primarily lease and use in connection with switching centers, data centers, call centers and warehouses were as follows:"}
{"_id": "d8889de10", "title": "", "text": "| Awards Weighted-AverageGrant DateFair Value | Unvested at December 31, 2008 | Granted | Vested | Forfeited | Unvested at December 31, 2009 |"}
{"_id": "d898ef25a", "title": "", "text": "| (In millions) Fiscal 2017 Fiscal 2016 Fiscal 2015 | Interest income-1 | Net gain (loss) on executive deferred compensation plan assets(2) | Other | Total interest and other income (expense), net |"}
{"_id": "d82a64f60", "title": "", "text": "Gross operating revenues, fuel and purchased power expenses, and other regulatory charges Gross operating revenues decreased primarily due to a decrease of $179 million in fuel cost recovery revenues due to lower fuel rates and fuel refunds.\nThe decrease was partially offset by the $39 million increase in net revenue described above and an increase of $44 million in wholesale revenues, including $30 million from the System Agreement cost equalization payments from Entergy Arkansas.\nThe receipt of such payments is being"}
{"_id": "d8c518e6c", "title": "", "text": "| Exit Cost Reserves Restructuring Reserves | (Dollars in millions) | Balance, January 1 | Exit costs and restructuring charges: | Merrill Lynch | Countrywide | LaSalle | U.S. Trust Corporation | MBNA | Cash payments | Balance, December 31 |"}
{"_id": "d8f767c56", "title": "", "text": "| Operating Results | Americas | Year Ended December 31, 2012 | (In millions) | Revenues | Premiums | Universal life and investment-type product policy fees | Net investment income | Other revenues | Net investment gains (losses) | Net derivative gains (losses) | Total revenues | Expenses | Policyholder benefits and claims and policyholder dividends | Interest credited to policyholder account balances | Goodwill impairment | Capitalization of DAC | Amortization of DAC and VOBA | Amortization of negative VOBA | Interest expense on debt | Other expenses | Total expenses | Provision for income tax expense (benefit) | Operating earnings | Adjustments to: | Total revenues | Total expenses | Provision for income tax (expense) benefit | Income (loss) from continuing operations, net of income tax |"}
{"_id": "d8dc2386e", "title": "", "text": "| Noninvestment-grade Collateral held against | As of December 31, 2005 | (in millions, except ratios) | Top 10 industries(a) | Banks and finance companies | Real estate | Consumer products | Healthcare | State and municipal governments(b) | Utilities | Retail and consumer services(b) | Oil and gas | Asset managers | Securities firms and exchanges | All other | Total excluding HFS | Held-for-sale(c) | Total exposure |"}
{"_id": "d8b1d274a", "title": "", "text": "| December 31, (in millions) 2014 2013 | Derivative receivables balance(a) | Derivative payables balance(a) | Derivatives CVA(b) | Derivatives DVA and FVA(b)(c) | Structured notes balance(a)(d) | Structured notes DVA and FVA(b)(e) |"}
{"_id": "d8ee8ceec", "title": "", "text": "| December 31, | 2012 | (in millions) | Income taxes receivable—current | Income taxes receivable—noncurrent | Total income taxes receivable | Income taxes payable—current | Income taxes payable—noncurrent | Total income taxes payable |"}
{"_id": "d8abfd144", "title": "", "text": "| In millions of dollars 2008 2007 2006 | Total revenues, net of interest expense | Income from discontinued operations | Gain on sale | Provision for income taxes and minority interest, net of taxes | Income from discontinued operations, net of taxes | In millions of dollars | Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Net cash provided by (used in) discontinued operations |"}
{"_id": "d89dd0cba", "title": "", "text": "| 2016 2015 2014 | Third-party sales | ATOI |"}
{"_id": "d8a312660", "title": "", "text": "| 2003 $28.7 | 2004 | 2005 | 2006 | 2007 | Later years | $90.4 |"}
{"_id": "d8e16fe3a", "title": "", "text": "| Years Ended March 31, Change | (Dollars in millions) | Other Income, Net | Distribution Solutions | Technology Solutions | Corporate | Total |"}
{"_id": "d8a411e58", "title": "", "text": "OPERATIONAL RISK MANAGEMENT Operational risk is the risk of loss resulting from inadequate or failed internal processes or systems, human factors, or external events.\nThis includes losses that may arise as a result of noncompliance with laws or regulations, failure to fulfill fiduciary responsibilities, as well as litigation or other legal actions.\nOperational risk may occur in any of our business activities and manifests itself in various ways, including but not limited to: ?\nTransaction processing errors, ?\nUnauthorized transactions and fraud by employees or third parties, ?\nMaterial disruption in business activities, ?\nSystem breaches and misuse of sensitive information, ?\nRegulatory or governmental actions, fines or penalties, and ?\nSignificant legal expenses, judgments or settlements.\nPNCs Operational Risk Management is inclusive of Technology Risk Management, Compliance and Business Continuity Risk.\nOperational Risk Management focuses on balancing business needs, regulatory expectations and risk management priorities through an adaptive and proactive program that is designed to provide a strong governance model, sound and consistent risk management processes and transparent operational risk reporting across the enterprise.\nThe PNC Board determines the strategic approach to operational risk via establishment of the operational risk appetite and appropriate risk management structure.\nThis includes establishment of risk metrics and limits and a reporting structure to identify, understand and manage operational risks.\nExecutive Management has responsibility for operational risk management.\nThe executive management team is responsible for monitoring significant risks, key controls and related issues through management reporting and a governance structure of risk committees and sub-committees.\nWithin Risk Management, Operational Risk Management functions are responsible for developing and maintaining the"}
{"_id": "d89fc2c12", "title": "", "text": "the defined benefit pension plans’ trust and $130 million to our retiree medical plans which will reduce our cash funding requirements for 2007 and 2008.\nIn 2007, we expect to make no contributions to the defined benefit pension plans and expect to contribute $175 million to the retiree medical and life insurance plans, after giving consideration to the 2006 prepayments.\nThe following benefit payments, which reflect expected future service, as appropriate, are expected to be paid:"}
{"_id": "d8c692bda", "title": "", "text": "| Pension Benefits-1 Other Retiree Benefits-2 | 2012 | CHANGE IN PLAN ASSETS | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contributions | Participants' contributions | Currency translation and other | ESOP debt impacts-4 | Benefit payments | FAIR VALUE OF PLAN ASSETS AT END OF YEAR | FUNDED STATUS |"}
{"_id": "d8695f616", "title": "", "text": "The construction of the building was completed in December 2003.\nDue to lower than expected financing and construction costs, the final lease balance was lowered to $103.0 million.\nAs part of the agreement, we entered into a five-year lease that began upon the completion of the building.\nAt the end of the lease term, we can purchase the building for the lease balance, remarket or relinquish the building.\nIf we choose to remarket or are required to do so upon relinquishing the building, we are bound to arrange the sale of the building to an unrelated party and will be required to pay the lessor any shortfall between the net remarketing proceeds and the lease balance, up to the maximum recourse amount of $90.8 million (“residual value guarantee”).\nSee Note 14 in our Notes to Consolidated Financial Statements for further information."}
{"_id": "d8caa03ee", "title": "", "text": "| Three months ended | Average amount(in millions) | HQLA | Eligible cash(a) | Eligible securities(b)(c) | Total HQLA(d) | Net cash outflows | LCR | Net excess HQLA(d) | December 31, (in millions) | Total, net of cash collateral | Liquid securities and other cash collateral held against derivative receivables(a) | Total, net of all collateral |"}
{"_id": "d86875c00", "title": "", "text": "Defined Contribution Plans We maintain a number of defined contribution plans, most with 401(k) features, that cover substantially all of our employees.\nUnder the provisions of our 401(k) plans, we match most employees’ eligible contributions at rates specified in the plan documents.\nOur contributions were $617 million in 2016, $393 million in 2015 and $385 million in 2014, the majority of which were funded in our common stock.\nOur defined contribution plans held approximately 36.9 million and 40.0 million shares of our common stock as of December 31, 2016 and 2015."}
{"_id": "d8b890212", "title": "", "text": "| Year ended December 31, | 2005 | Benefits ratio-1: | Group life | Group disability | Administrative operating expense ratio-2: | Group life | Group disability |"}
{"_id": "d879202bc", "title": "", "text": "Obligations Arising Out of a Variable Interest in an Unconsolidated Entity Variable interest in Equity investments  As of December 31, 2007, NRG had not entered into any financing structure that was designed to be off-balance sheet that would create liquidity, financing or incremental market risk or credit risk to the Company.\nHowever, NRG has several investments with an ownership interest percentage of 50% or less in energy and energy-related entities that are accounted for under the equity method of accounting.\nNRGs pro-rata share of non-recourse debt held by unconsolidated affiliates was approximately $122 million as of December 31, 2007.\nThis indebtedness may restrict the ability of these subsidiaries to issue dividends or distributions to NRG.\nSynthetic Letter of Credit Facility and Revolver Facility  Under NRGs amended Senior Credit Facility which the company entered in to on June 8, 2007, the Company has a $1.3 billion synthetic Letter of Credit Facility which is secured by a $1.3 billion cash deposit at Deutsche Bank AG, New York Branch, the Issuing Bank.\nThis deposit was funded using proceeds from the Term B loan investors who participated in the facility syndication.\nUnder the Synthetic Letter of Credit Facility, NRG is allowed to issue letters of credit for general corporate purposes including posting collateral to support the Companys commercial operations activities.\nOn August 6, 2007, NRG entered into an agreement with BNP Paribas, or BNP, whereby BNP has agreed to be an issuing bank under the revolver portion of the Companys Senior Credit Facility.\nBNP has agreed to issue up to $350 million of letters of credit.\nIn addition, on January 30, 2008, NRG entered into an agreement with Bank of America, whereby Bank of America has also agreed to be an issuing bank under the revolver portion of the Companys Senior Credit Facility.\nBank of America has agreed to issue up to $250 million of letters of credit under the revolver.\nThis increases the amount of unfunded letters of credit the Company can issue under its Revolving Credit Facility to $900 million for ongoing working capital requirements and for general corporate purposes, including acquisitions that are permitted under the Senior Credit Facility.\nIn addition, NRG is permitted to issue additional letters of credit of up $100 million under the Senior Credit facility through other financial institutions.\nAs of December 31, 2007, the Company had issued $743 million in letters of credit under the Synthetic Letter of Credit Facility.\nIn addition, as of December 31, 2007, the Company had issued $3 million in letters of credit under the Revolving Credit Facility.\nA portion of these letters of credit supports non-commercial letter of credit obligations."}
{"_id": "d8aeb4752", "title": "", "text": "| Year Return Year Return | 2006 | 2005 | 2004 | 2003 | 2002 |"}
{"_id": "d87b642bc", "title": "", "text": "Average interest-earning assets decreased 2% to $41.0 billion for the year ended December 31, 2015, compared to the same period in 2014.\nAverage interest-bearing liabilities decreased 3% to $38.9 billion for the year ended December 31, 2015, compared to the same period in 2014.\nNet interest margin increased 20 basis points to 2.50% for the year ended December 31, 2015, compared to the same period in 2014.\nThe increase was primarily due to lower borrowing costs resulting from the termination of legacy wholesale funding obligations and the refinancing and reduction of corporate debt during 2015."}
{"_id": "d880f1018", "title": "", "text": "| 2009 | (Dollars in millions) | Trading account assets: | Corporate securities, trading loans and other | Equity securities | Foreign sovereign debt | Mortgage trading loans and asset-backed securities | Total trading account assets | Net derivative assets | Available-for-sale debt securities: | Non-agency MBS: | Residential | Commercial | Foreign securities | Corporate/Agency bonds | Other taxable securities | Tax-exempt securities | Total available-for-sale debt securities | Loans and leases-2 | Mortgage servicing rights | Loans held-for-sale-2 | Other assets | Trading account liabilities – Foreign sovereign debt | Accrued expenses and other liabilities-2 | Long-term debt-2 | Total | 2008 | Trading account assets | Net derivative assets | Available-for-sale debt securities | Loans and leases-2 | Mortgage servicing rights | Loans held-for-sale-2 | Other assets | Accrued expenses and other liabilities-2 | Total | 2007 | Trading account assets-3 | Net derivative assets-3 | Available-for-sale debt securities-3, 4 | Loans and leases-2 | Mortgage servicing rights-3 | Loans held-for-sale-2 | Other assets-5 | Accrued expenses and other liabilities-2 | Total |"}
{"_id": "d86efaa44", "title": "", "text": "| Coca-Cola Minute Maid Aquarius Bonaqua/Bonaqa | Diet Coke/Coca-Cola Light | Coca-Cola Zero | Fanta | Sprite |"}
{"_id": "d879c5834", "title": "", "text": "| Year Ended December 31, 2012 2011 2010 | Eurasia & Africa | Europe | Latin America | North America | Pacific | Bottling Investments | Corporate | Total |"}
{"_id": "d8cbbf5ae", "title": "", "text": "The pension and other postretirement plans may be amended or terminated at any time.\nAny revisions could result in significant changes to our obligations and our obligation to fund the plans.\nWe report unrecognized pension and other postretirement benefit cost in the Consolidated Statements of Financial Position as a component of accumulated other comprehensive income in shareholders’ equity.\nIt represents the after-tax differences between the fair value of plan assets and the projected benefit obligation (‘‘PBO’’) for pension plans and the accumulated postretirement benefit obligation for other postretirement plans that have not yet been recognized as a component of net periodic cost.\nThe measurement of the unrecognized pension and other postretirement benefit cost can vary based upon the fluctuations in the fair value of plan assets and the actuarial assumptions used for the plans as discussed below.\nThe unrecognized pension and other postretirement benefit cost as of December 31, 2012 was $1.73 billion, an increase of $302 million from $1.43 billion as of December 31, 2011.\nThe increase was the result of updated actuarial assumptions primarily the discount rates.\nAs of December 31, 2012, $1.88 billion related to pension benefits and $(150) million related to other postretirement benefits.\nThe components of net periodic pension cost for all pension plans for the years ended December 31 are as follows:"}
{"_id": "d895acfe8", "title": "", "text": "| Freight cars Owned Leased Total AverageAge (yrs.) | Covered hopper | Open hoppers | Gondolas | Boxcars | Mechanical refrigerated | Flat cars | Other | Total freight cars |"}
{"_id": "d8a85420e", "title": "", "text": "($113 million) also supported Measurement & Analytical Instrumentation sales.\nValves, Actuators & Regulators increased $1.1 billion, or 41 percent, led by the valves & controls acquisition ($771 million) and broad-based demand across end markets, including energy, power and life sciences.\nIndustrial Solutions sales increased $267 million, or 16 percent, driven by favorable global trends in general industrial end markets.\nUnderlying sales increased 14 percent in the U. S. , 1 percent in Europe and 11 percent in Asia (China up 21 percent).\nLatin America increased 4 percent, Canada increased 14 percent and Middle East/Africa was up 9 percent.\nEarnings of $1.9 billion increased $364 million from the prior year on higher volume and leverage, cost reduction savings and lower restructuring expense of $22 million, partially offset by higher investment spending.\nMargin increased 0.3 percentage points to 16.5 percent.\nThese results reflect a dilutive impact on comparisons from the valves & controls acquisition of 1.2 percentage points, which included an impact from higher intangibles amortization of 0.4 percentage points, or $45 million.\nIn 2019, growth in Automation Solutions will continue to be driven by MRO activity, as well as brownfield capital investments in existing assets to expand capacity or to improve the efficiency, safety and uptime of those facilities.\nSteady progress in greenfield capital projects across upstream, midstream infrastructure, natural gas, chemical and hybrid markets, including life sciences and food and beverage, is also expected with orders weighted toward the second half of 2019.2017 vs.  2016  Automation Solutions reported sales of $9.4 billion in 2017, an increase of $441 million or 5 percent.\nUnderlying sales decreased 1 percent ($128 million) on lower volume and slightly lower price.\nThe valves & controls acquisition added 7 percent ($603 million), while foreign currency translation subtracted 1 percent ($34 million).\nSales for Measurement & Analytical Instrumentation decreased 2 percent and Process Control Systems & Solutions decreased 4 percent due to weakness in energy-related markets, but began to improve in the second half of the year as oil prices stabilized.\nValves, Actuators & Regulators increased $531 million, or 25 percent, due to the valves & controls acquisition.\nIndustrial Solutions sales increased $59 million, or 4 percent, on improving economic conditions and industrial end markets, especially automotive.\nChemical, power and life sciences were favorable.\nUnderlying sales increased 1 percent in the U. S. , were down 2 percent in Europe and increased 1 percent in Asia (China up 9 percent).\nLatin America decreased 20 percent, Canada decreased 6 percent and Middle East/Africa was down 6 percent.\nEarnings of $1.5 billion increased $66 million from the prior year.\nSavings from cost reduction actions and favorable foreign currency transactions comparisons of $64 million (unfavorable in the prior year) were partially offset by lower volume, and $25 million of restructuring expense and $29 million of intangibles amortization related to the valves & controls acquisition.\nMaterials cost containment offset lower price.\nMargin was flat, primarily reflecting the benefit from cost reduction actions offset by dilution from the valves & controls acquisition of 1.5 percentage points."}
{"_id": "d86c3bc22", "title": "", "text": "| 2015 2014 2013 | Risk-free interest rate (a) | Expected term (b) | Expected share price volatility (c) |"}
{"_id": "d8983bfc0", "title": "", "text": "| 2011 2010 2009 2008 2007 | (In thousands) | Net income | Net income attributable to noncontrolling interests | Gain on sale of real estate | Gain on deconsolidation of VIE | Depreciation and amortization of real estate assets | Amortization of initial direct costs of leases | Depreciation of joint venture real estate assets | Funds from operations | Dividends on preferred shares | Income attributable to operating partnership units | Income attributable to unvested shares | Funds from operations available for common shareholders |"}
{"_id": "d8ce547c4", "title": "", "text": "| Severance and Benefits Asset- Related Excess Facilities Total | (In millions) | 2007 | 2006 | 2005 |"}
{"_id": "d88ec564e", "title": "", "text": "| December 31, 2018 2017 | (in thousands) | Balance at Beginning of Year | Additions/(reductions) for tax positions of prior years | Balance at End of Year |"}
{"_id": "d8b477afe", "title": "", "text": "| April 30, 2011 2010 2009 | U.S. OFFICES: | Company-owned offices | Company-owned shared locations-1 | Total company-owned offices | Franchise offices | Franchise shared locations-1 | Total franchise offices | 11,068 | INTERNATIONAL OFFICES: | Canada | Australia | 1,708 |"}
{"_id": "d8b8ed264", "title": "", "text": "| JPMorgan Chase & Co. JPMorgan Chase Bank, N.A.Chase Bank USA, N.A. J.P. Morgan Securities LLCJ.P. Morgan Securities plc | December 31, 2018 | Moody’s Investors Service | Standard & Poor’s | Fitch Ratings |"}
{"_id": "d8126d164", "title": "", "text": "| Year Ended December 31, | 2008 | (in millions) | Total cash provided by (used in): | Operating activities | Investing activities | Financing activities | Increase in cash and cash equivalents | Crude Oil Wells | Gross | United States | Equatorial Guinea | Israel | North Sea | China | Total |"}
{"_id": "d8ea8bc1c", "title": "", "text": "As of December 31, 2017, the Company had gross state income tax credit carry-forwards of approximately $20 million, which expire from 2018 through 2020.\nA deferred tax asset of approximately $16 million (net of federal benefit) has been established related to these state income tax credit carry-forwards, with a valuation allowance of $7 million against such deferred tax asset as of December 31, 2017.\nThe Company had a gross state net operating loss carry-forward of $39 million, which expires in 2027.\nA deferred tax asset of approximately $3 million (net of federal benefit) has been established for the net operating loss carry-forward, with a full valuation allowance as of December 31, 2017.\nOther state and foreign net operating loss carry-forwards are separately and cumulatively immaterial to the Company’s deferred tax balances and expire between 2026 and 2036.14."}
{"_id": "d88a4a132", "title": "", "text": "| Options Weighted Average Exercise Price Weighted Average Remaining Contractual Term  (in years) Aggregate  Intrinsic  Value | Outstanding at December 31, 2010 | Exercised | Forfeited and expired | Granted | Outstanding at December 31, 2011 | Vested and expected to vest at December 31, 2011 | Eligible for exercise at December 31, 2011 |"}
{"_id": "d82afa6b4", "title": "", "text": "ITEM 7 MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Our Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A) includes the following sections: ?\nExecutive Overview that discusses at a high level our operating results and some of the trends that affect our business.  ?\nCritical Accounting Policies and Estimates that we believe are important to understanding the assumptions and judgments underlying our financial statements.  ?\nResults of Operations that includes a more detailed discussion of our revenue and expenses.  ?\nLiquidity and Capital Resources which discusses key aspects of our statements of cash flows, changes in our balance sheets and our financial commitments.\nYou should note that this MD&A discussion contains forward-looking statements that involve risks and uncertainties.\nPlease see the section entitled “Forward-Looking Statements and Risk Factors” at the beginning of Item 1A for important information to consider when evaluating such statements.\nYou should read this MD&A in conjunction with the financial statements and related notes in Item 8 of this Annual Report.\nIn fiscal 2014 we acquired Check Inc.  and in fiscal 2012 we acquired Demandforce, Inc.  We have included their results of operations in our consolidated results of operations from the dates of acquisition.\nIn fiscal 2013 we completed the sale of our Intuit Websites business and in fiscal 2014 we completed the sales of our Intuit Financial Services (IFS) and Intuit Health businesses.\nWe accounted for all of these businesses as discontinued operations and have therefore reclassified our statements of operations for all periods presented to reflect them as such.\nWe have also reclassified our balance sheets for all periods presented to reflect IFS as discontinued operations.\nThe net assets of Intuit Websites and Intuit Health were not significant, so we have not reclassified our balance sheets for any period presented to reflect them as discontinued operations.\nBecause the cash flows of our Intuit Websites, IFS, and Intuit Health discontinued operations were not material for any period presented, we have not segregated the cash flows of those businesses from continuing operations on our statements of cash flows.\nSee “Results of Operations – Non-Operating Income and Expense – Discontinued Operations” later in this Item 7 for more information.\nUnless otherwise noted, the following discussion pertains to our continuing operations.\nExecutive Overview This overview provides a high level discussion of our operating results and some of the trends that affect our business.\nWe believe that an understanding of these trends is important in order to understand our financial results for fiscal 2014 as well as our future prospects.\nThis summary is not intended to be exhaustive, nor is it intended to be a substitute for the detailed discussion and analysis provided elsewhere in this Annual Report on Form 10-K.\nSee the table later in this Note 7 for more information on the IFS operating results.\nThe carrying amounts of the major classes of assets and liabilities of IFS at July 31, 2013 were as shown in the following table.\nThese carrying amounts approximated fair value."}
{"_id": "d89007c64", "title": "", "text": "| Crude Oil &Condensate NaturalGas NGLs Total | (millions) | 2014 Sales Revenues | Changes due to | Increase in Sales Volumes | Decrease in Sales Prices | 2015 Sales Revenues | Changes due to | Increase in Sales Volumes | Increase (Decrease) in Sales Prices | 2016 Sales Revenues |"}
{"_id": "d8852c9f2", "title": "", "text": "| (Dollars in millions) 2017 2016 2015 | Interest rate risk on mortgage banking income-1 | Credit risk on loans-2 | Interest rate and foreign currency risk on ALM activities-3 | Price risk on certain restricted stock awards-4 |"}
{"_id": "d8ed317fa", "title": "", "text": "RV and marine finance  RV and marine finance loans are loans provided to consumers for the purpose of financing recreational vehicles and boats.\nLoans are originated on an indirect basis through a series of dealerships across 26 states.\nThe loans are underwritten centrally using an application and decisioning system similar to automobile loans.\nThe current portfolio includes 60% of the balances within our core footprint states."}
{"_id": "d895aceee", "title": "", "text": "| In millions 2015 2014 2013 | Revenue (a) | Expense (a) | Cash receipts (b) | Cash payments (c) |"}
{"_id": "d8f5a2326", "title": "", "text": "| Accumulated Other Comprehensive Income (Loss) | Preferred   Stock | Balance at January 1, 2006 | Treasury stock transactions, net | Dividends on preferred stock | Dividends on common stock | Comprehensive income: | Net income | Other comprehensive income (loss): | Unrealized gains (losses) on derivative instruments, net of income tax | Unrealized investment gains (losses), net of related offsets and income tax | Foreign currency translation adjustments, net of income tax | Additional minimum pension liability adjustment, net of income tax | Other comprehensive income (loss) | Comprehensive income | Adoption of SFAS 158, net of income tax | Balance at December 31, 2006 | Cumulative effect of changes in accounting principles, net of income tax (Note 1) | Balance at January 1, 2007 | Treasury stock transactions, net | Obligation under accelerated common stock repurchase agreement (Note 18) | Dividends on preferred stock | Dividends on common stock | Comprehensive income: | Net income | Other comprehensive income (loss): | Unrealized gains (losses) on derivative instruments, net of income tax | Unrealized investment gains (losses), net of related offsets and income tax | Foreign currency translation adjustments, net of income tax | Defined benefit plans adjustment, net of income tax | Other comprehensive income (loss) | Comprehensive income | Balance at December 31, 2007 | Cumulative effect of changes in accounting principles, net of income tax (Note 1) | Balance at January 1, 2008 | Common stock issuance — newly issued shares | Treasury stock transactions: | Acquired in connection with share repurchase agreements (Note 18) | Issued in connection with common stock issuance | Issued to settle stock forward contracts | Acquired in connection with split-off of subsidiary | Other, net | Deferral of stock-based compensation | Dividends on preferred stock | Dividends on common stock | Comprehensive income: | Net income | Other comprehensive income (loss): | Unrealized gains (losses) on derivative instruments, net of income tax | Unrealized investment gains (losses), net of related offsets and income tax | Foreign currency translation adjustments, net of income tax | Defined benefit plans adjustment, net of income tax | Other comprehensive income (loss) | Comprehensive income (loss) | Balance at December 31, 2008 |"}
{"_id": "d8f238dde", "title": "", "text": "| Years Ended December 31, | 2009 | GAAP | (in millions, except percentages) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Pretax income (loss) |"}
{"_id": "d811146c8", "title": "", "text": "Results of Operations - Other The following table presents consolidated financial information for the Other segment for the years indicated:"}
{"_id": "d89aed55c", "title": "", "text": "| Year ended December 31,(in millions) 2018 2017 2016 | Underwriting | Equity | Debt | Total underwriting | Advisory | Total investment banking fees |"}
{"_id": "d8c661526", "title": "", "text": "| December 31, (in millions) 2007 2006 | Deferred tax assets | Allowance for loan losses | Allowance for other than loan losses | Employee benefits | Non-U.S. operations | Fair value adjustments | Gross deferred tax assets | Deferred tax liabilities | Depreciation and amortization | Leasing transactions | Non-U.S. operations | Fair value adjustments | Fee income | Other, net | Gross deferred tax liabilities | Valuation allowance | Net deferred tax asset |"}
{"_id": "d89055220", "title": "", "text": "| Year ended December 31, Increase | Project Costs | (In millions) | ARCALYST® | VEGF Trap-Eye | Aflibercept | REGN88 | REGN727 | Other antibody candidates in clinical development | Other research programs & unallocated costs | Total research and development expenses |"}
{"_id": "d8d51168e", "title": "", "text": "(1) The hypothetical change in fair value related to our mortgage bank-loan inventory reflects only the gross fair value change on the mortgage loan assets, and excludes any offsetting impact of derivatives and other instruments purchased to hedge such changes in fair value.\nThe tables above do not include approximately $129 billion of insurance reserve and deposit liabilities as of December 31, 2007 and $123 billion as of December 31, 2006.\nWe believe that the interest rate sensitivities of these insurance liabilities offset, in large measure, the interest rate risk of the financial assets set forth in these tables.\nOur net estimated potential loss in fair value as of December 31, 2007 increased $293 million from December 31, 2006, primarily reflecting an increase in the level of investments in 2007.\nThe estimated changes in fair values of our financial assets shown above relate primarily to assets invested to support our insurance liabilities, but do not include separate account assets associated with products for which investment risk is borne primarily by the separate account contractholders rather than by us.\nMarket Risk Related to Equity Prices We actively manage investment equity price risk against benchmarks in respective markets.\nWe benchmark our return on equity holdings against a blend of market indices, mainly the S&P 500 and Russell 2000, and we target price sensitivities that approximate those of the benchmark indices.\nWe estimate our investment equity price risk from a hypothetical 10% decline in equity benchmark market levels and measure this risk in terms of the decline in fair market value of equity securities we hold.\nUsing this methodology, our estimated investment equity price risk as of December 31, 2007 was $958 million, representing a hypothetical decline in fair market value of equity securities we held at that date from $9.580 billion to $8.622 billion.\nOur estimated investment equity price risk using this methodology as of December 31, 2006 was $916 million, representing a hypothetical decline in fair market value of equity securities we held at that date from $9.160 billion to $8.244 billion.\nIn calculating these amounts, we exclude separate account equity securities related to products for which the investment risk is borne primarily by the separate account contractholder rather than by us.\nIn addition to equity securities, as indicated above, we hold equity-based derivatives primarily to hedge the equity price risk embedded in the living benefit features in some of our variable annuity products.\nAs of December 31, 2007, our equity-based derivatives had notional values of $4.6 billion, and were reported at fair value as a $617 million asset, and the living benefit features accounted for as derivatives were reported at fair value as a $168 million liability.\nAs of December 31, 2006, our equity-based derivatives had notional values of $2.9 billion, and were reported at fair value as a $230 million asset, and the living benefits features accounted for as derivatives were reported at fair value as a $38 million asset.\nOur estimated equity price risk associated with the equity-based derivatives, net of the related living benefit features, was less than $10 million as of both December 31, 2007 and 2006, estimated based on a hypothetical 10% decline in equity benchmark market levels.\nWhile these scenarios are for illustrative purposes only and do not reflect our expectations regarding future performance of equity markets or of our equity portfolio, they represent near term reasonably possible hypothetical changes that illustrate the potential impact of such events.\nThese scenarios consider only the direct impact on fair value of declines in equity benchmark market levels and not changes in asset based fees recognized as revenue, changes in our estimates of total gross profits used as a basis for amortizing deferred policy acquisition and other costs, or changes in any other assumptions such as mortality, utilization or persistency rates in our variable annuity contracts that could also impact the fair value of our living benefit features."}
{"_id": "d8130c78c", "title": "", "text": "| 2008 2007 2006 | Total cash provided by (used in): | Operating activities | Investing activities | Financing activities | Effect of exchange rate changes on cash | Increase in cash and cash equivalents | Principal Concentrate and/or Syrup Plants | Owned | Europe, Middle East & Africa | Latin America | North America | Asia Pacific | Bottling Investments | Corporate | Total1 |"}
{"_id": "d8a5e5ae0", "title": "", "text": "Card income This revenue category includes interchange income from credit and debit cards and net fees earned from processing credit card transactions for merchants.\nCard income is recognized as earned.\nAnnual fees and direct loan origination costs are deferred and recognized on a straightline basis over a 12-month period.\nExpense related to rewards programs is recorded when the rewards are earned by the customer and netted against interchange income.\nCredit card revenue sharing agreements The Firm has contractual agreements with numerous affinity organizations and co-brand partners (collectively, partners), which grant the Firm exclusive rights to market to the members or customers of such partners.\nThese partners endorse the credit card programs and provide their mailing lists to the Firm, and they may also conduct marketing activities and provide awards under the various credit card programs.\nThe terms of these agreements generally range from three to 10 years.\nThe Firm typically makes incentive payments to the partners based on new account originations, charge volumes and the cost of the partners marketing activities and awards.\nPayments based on new account originations are accounted for as direct loan origination costs.\nPayments to partners based on charge volumes are deducted from interchange income as the related revenue is earned.\nPayments based on marketing efforts undertaken by the partners are expensed by the Firm as incurred and reported as noninterest expense."}
{"_id": "d8f5d5ae6", "title": "", "text": "Model review Some of the Firms financial instruments cannot be valued based on quoted market prices but are instead valued using pricing models.\nThese pricing models and VaR models are used for management of risk positions, such as reporting against limits, as well as for valuation.\nThe Model Risk Group, which is independent of the businesses and market risk management, reviews the models the Firm uses and assesses model appropriateness and consistency.\nThe model reviews consider a number of factors about the models suitability for valuation and risk management of a particular product.\nThese factors include whether the model accurately reflects the characteristics of the transaction and its significant risks, the suitability and convergence properties of numerical algorithms, reliability of data sources, consistency of the treatment with models for similar products, and sensitivity to input parameters and assumptions that cannot be priced from the market.\nReviews are conducted of new or changed models, as well as previously accepted models, to assess whether there have been any changes in the product or market that may affect the models validity and whether there are theoretical or competitive developments that may require reassessment of the models adequacy.\nFor a summary of valuations based on models, see Critical Accounting Estimates Used by the Firm on pages 149154 of this Annual Report."}
{"_id": "d860c5050", "title": "", "text": "[1] As a result of the net loss for the year ended December 31, 2003, SFAS No.128, \nEarnings Per Share\n, requires the Company to use basic weighted average common shares outstanding in the calculation of the year ended December 31, 2003 diluted earnings (loss) per share, since the inclusion of options of 1.8 would have been antidilutive to the earnings per share calculation.\nIn the absence of the net loss, weighted average common shares outstanding and dilutive potential common shares would have totaled 274.2.\nLIFE Executive Overview The Company provides investment and retirement products such as variable and fixed annuities, mutual funds and retirement plan services and other institutional products; individual and corporate owned life insurance; and, group benefit products, such as group life and group disability insurance.\nThe Company derives its revenues principally from: (a) fee income, including asset management fees, on separate account and mutual fund assets and mortality and expense fees, as well as cost of insurance charges; (b) net investment income on general account assets; (c) fully insured premiums; and (d) certain other fees.\nAsset management fees and mortality and expense fees are primarily generated from separate account assets, which are deposited with the Company through the sale of variable annuity and variable universal life products and from mutual funds.\nCost of insurance charges are assessed on the net amount at risk for investment-oriented life insurance products.\nPremium revenues are derived primarily from the sale of group life, and group disability and individual term insurance products.\nThe Company’s expenses essentially consist of interest credited to policyholders on general account liabilities, insurance benefits provided, amortization of the deferred policy acquisition costs, expenses related to the selling and servicing the various products offered by the Company, dividends to policyholders, and other general business expenses.\nTHE HARTFORD FINANCIAL SERVICES GROUP, INC.  Notes to Consolidated Financial Statements (continued)"}
{"_id": "d8b4b0674", "title": "", "text": "| Year Ended December 31, 2015 Specialty Commercial International Total | (In millions, except %) | Net written premiums | Net earned premiums | Net investment income | Net operating income | Net realized investment (losses) gains | Net income | Other performance metrics: | Loss and loss adjustment expense ratio | Expense ratio | Dividend ratio | Combined ratio | Rate | Retention | New Business (a) | Year Ended December 31, 2014 | Net written premiums | Net earned premiums | Net investment income | Net operating income | Net realized investment gains (losses) | Net income | Other performance metrics: | Loss and loss adjustment expense ratio | Expense ratio | Dividend ratio | Combined ratio | Rate | Retention | New Business (a) |"}
{"_id": "d8f1eee78", "title": "", "text": "| (Stated in millions) | 2014 | Revenue | North America | Latin America | Europe/CIS/Africa | Middle East & Asia | Eliminations & other | Pretax operating income | Corporate & other-1 | Interest income-2 | Interest expense-3 | Charges & credits-4 | $48,580 | (Stated in millions) Payment Period | Total | Debt-1 | Interest on fixed rate debt obligations-2 | Operating leases | Purchase obligations-3 | $18,860 |"}
{"_id": "d8606f0ce", "title": "", "text": "| Increase/(Decrease) in: | Percentage | Point | Assumption | Discount rate | Actual return on assets | Expected return on assets |"}
{"_id": "d8c3d3732", "title": "", "text": "| Acquisition of Best Buy Europe 8.1% | Net new stores | Comparable store sales decline | Unfavorable effect of foreign currency | Total revenue increase |"}
{"_id": "d8ef60b5c", "title": "", "text": "EMPLOYEE STOCK PURCHASE PLAN As of December 31, 2009, our ESPP has approximately 1.8 million shares available for issuance.\nFull-time employees with six months and part-time employees with 12 months of continuous employment with us are eligible to participate in the ESPP at the commencement of the next six-month offering period.\nEligible participants may purchase our common stock at 95% of the fair market value on the last day of each six-month offering period.\nNo charge to earnings is recorded with respect to the ESPP.\nShares issued pursuant to the ESPP were as follows:"}
{"_id": "d8b0443b0", "title": "", "text": "performance and revenue growth depends, in part, on the reliability and functionality of this infrastructure as a means of delivering human resources services.\nThe internet is a key mechanism for delivering our human resources services to our HR Solutions clients efficiently and cost effectively.\nOur clients may not be receptive to human resource services delivered over the internet due to concerns regarding transaction security, user privacy, the reliability and quality of internet service and other reasons.\nOur clients’ concerns may be heightened by the fact we use the internet to transmit extremely confidential information about our clients and their employees, such as compensation, medical information and other personally identifiable information.\nIn order to maintain the level of security, service and reliability that our clients require, we may be required to make significant investments in our online methods of delivering human resources services.\nIn addition, websites and proprietary online services have experienced service interruptions and other delays occurring throughout their infrastructure.\nThe adoption of additional laws or regulations with respect to the internet may impede the efficiency of the internet as a medium of exchange of information and decrease the demand for our services.\nIf we cannot use the internet effectively to deliver our services, our revenue growth and results of operation may be impaired.\nWe may lose client data as a result of major catastrophes and other similar problems that may materially adversely impact our operations.\nWe have multiple processing centers around the world that use various commercial methods for disaster recovery capabilities.\nOur main data processing center is located near the Aon Hewitt headquarters in Lincolnshire, Illinois.\nIn the event of a disaster, our business continuity may not be sufficient, and the data recovered may not be sufficient for the administration of our clients’ human resources programs and processes.\nItem 1B.\nUnresolved Staff Comments.\nNone.\nItem 2.\nProperties.\nWe have offices in various locations throughout the world.\nSubstantially all of our offices are located in leased premises.\nWe maintain our corporate headquarters at 200 E.  Randolph Street in Chicago, Illinois, where we occupy approximately 327,000 square feet of space under an operating lease agreement that expires in 2013.\nThere are two five-year renewal options at current market rates.\nWe own one building at Pallbergweg 2-4, Amsterdam, the Netherlands (150,000 square feet).\nThe following are additional significant leased properties, along with the occupied square footage and expiration."}
{"_id": "d8c8b5d18", "title": "", "text": "ILLUMINA, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) Executive Deferred Compensation Plan For the Company’s executives and members of the board of directors, the Company adopted the Illumina, Inc.\nDeferred Compensation Plan (the Plan) that became effective January 1, 2008.\nEligible participants can contribute up to 80% of their base salary and 100% of all other forms of compensation into the Plan, including bonus, commission and director fees.\nThe Company has agreed to credit the participants’ contributions with earnings that reflect the performance of certain independent investment funds.\nOn a discretionary basis, the Company may also make employer contributions to participant accounts in any amount determined by the Company.\nThe vesting schedules of employer contributions are at the sole discretion of the Compensation Committee.\nHowever, all employer contributions shall become 100% vested upon the occurrence of the participant’s disability, death or retirement or a change in control of the Company.\nThe benefits under this plan are unsecured.\nParticipants are generally eligible to receive payment of their vested benefit at the end of their elected deferral period or after termination of their employment with the Company for any reason or at a later date to comply with the restrictions of Section 409A.\nAs of December 28, 2008, no employer contributions were made to the Plan.\nIn January 2008, the Company also established a rabbi trust for the benefit of its directors and executives under the Plan.\nIn accordance with FASB Interpretation (FIN) No.46, Consolidation of Variable Interest Entities, an Interpretation of ARB No.51, and EITF 97-14, Accounting for Deferred Compensation Arrangements Where Amounts Earned Are Held in a Rabbi Trust and Invested, the Company has included the assets of the rabbi trust in its consolidated balance sheet since the trust’s inception.\nAs of December 28, 2008, the assets of the trust and liabilities of the Company were $1.3 million.\nThe assets and liabilities are classified as other assets and accrued liabilities, respectively, on the Company’s balance sheet as of December 28, 2008.\nChanges in the values of the assets held by the rabbi trust accrue to the Company.14.\nSegment Information, Geographic Data and Significant Customers During the first quarter of 2008, the Company reorganized its operating structure into a newly created Life Sciences Business Unit, which includes all products and services related to the research market, namely the BeadArray, BeadXpress and Sequencing product lines.\nThe Company also created a Diagnostics Business Unit to focus on the emerging opportunity in molecular diagnostics.\nFor the year ended December 28, 2008, the Company had limited activity related to the Diagnostics Business Unit, and operating results were reported on an aggregate basis to the chief operating decision maker of the Company, the chief executive officer.\nIn accordance with SFAS No.131, Disclosures about Segments of an Enterprise and Related Information, the Company operated in one reportable segment for the year ended December 28, 2008.\nThe Company had revenue in the following regions for the years ended December 28, 2008, December 30, 2007 and December 31, 2006 (in thousands):"}
{"_id": "d8eed0a3e", "title": "", "text": "Investing Activities During 2012, cash used for investing activities was $579 million.\nOur investing activities included capital expenditures of $226 million and payments for the acquisitions of Cameron Health Inc. , Bridgepoint Medical Inc. , Rhythmia Medical Inc. , and Vessix Vascular Inc. , totaling $366 million.\nWe expect to incur total capital expenditures of approximately $300 million during 2013.\nDuring 2011, cash provided by investing activities was comprised primarily of proceeds from the sale of our Neurovascular business to Stryker.\nWe received $1.440 billion of net cash proceeds during 2011 related to the sale of this business.\nThis cash inflow was partially offset by payments of $370 million for acquisitions consummated during 2011; and capital expenditures of $304 million.\nDuring 2010, our investing activities were comprised primarily of capital expenditures of $272 million, as well as payments of approximately $200 million to acquire Asthmatx, Inc.  and certain other strategic assets."}
{"_id": "d8cc6f986", "title": "", "text": "| Fair Value Measurements Using | As of December 31, 2016: | (in millions) | Assets: | Energy-related derivatives(a)(b) | Interest rate derivatives | Nuclear decommissioning trusts:(c) | Domestic equity | Foreign equity | U.S. Treasury and government agency securities | Municipal bonds | Corporate bonds | Mortgage and asset backed securities | Private equity | Other | Cash equivalents | Other investments | Total | Liabilities: | Energy-related derivatives(a)(b) | Interest rate derivatives | Foreign currency derivatives | Contingent consideration | Total |"}
{"_id": "d8cfb2030", "title": "", "text": "| 2015 $662 | 2016 | 2017 | 2018 | 2019 | Thereafter | Total |"}
{"_id": "d8e47c2c2", "title": "", "text": "| December 31, 2006 | Financial Services Businesses | ($ in millions) | Fixed Maturities: | Public, available for sale, at fair value | Public, held to maturity, at amortized cost | Private, available for sale, at fair value | Private, held to maturity, at amortized cost | Trading account assets supporting insurance liabilities, at fair value | Other trading account assets, at fair value | Equity securities, available for sale, at fair value | Commercial loans, at book value | Policy loans, at outstanding balance | Other long-term investments-1 | Short-term investments | Total general account investments | Invested assets of other entities and operations-2 | Total investments |"}
{"_id": "d8962985e", "title": "", "text": "| December 31, 2018 December 31, 2017 | Asset-BackedSecurities-2 | Lowest Rating Agency Rating-1 | (in millions) | AAA | AA | A | BBB | BB and below | Total-4 |"}
{"_id": "d87078696", "title": "", "text": "| Year Ended December 31, | 2004 | (In thousands) | Consolidated Cash Flow Data: | Net cash provided by (used in): | Operating activities | Investing activities | Financing activities | Effect of exchange rates on cash and cash equivalents | Net increase (decrease) in cash and cash equivalents |"}
{"_id": "d8df51446", "title": "", "text": "Loss advisories and drawdowns Loss advisories and drawdowns are tools used to highlight to senior management trading losses above certain levels and initiate discussion of remedies.\nEconomic value stress testing While VaR reflects the risk of loss due to adverse changes in normal markets, stress testing captures the Firms exposure to unlikely but plausible events in abnormal markets.\nThe Firm conducts economic value stress tests for both its trading and nontrading activities at least every two weeks using multiple scenarios that assume credit spreads widen significantly, equity prices decline and interest rates rise in the major currencies.\nAdditional scenarios focus on the risks predominant in individual business segments and include scenarios that focus on the potential for adverse moves in complex portfolios.\nPeriodically, scenarios are reviewed and updated to reflect changes in the Firms risk profile and economic events.\nAlong with VaR, stress testing is important in measuring and controlling risk.\nStress testing enhances the understanding of the Firms risk profile and loss potential, and stress losses are monitored against limits.\nStress testing is also utilized in one-off approvals and cross-business risk measurement, as well as an input to economic capital allocation.\nStress-test results, trends and explanations are provided at least every two weeks to the Firms senior management and to the lines of business to help them better measure and manage risks and understand event risk-sensitive positions.\nEarnings-at-risk stress testing The VaR and stress-test measures described above illustrate the total economic sensitivity of the Firms balance sheet to changes in market variables.\nThe effect of interest rate exposure on reported net income is also important.\nInterest rate risk exposure in the Firms core nontrading business activities (i. e. , asset/liability management positions) results from on- and off-balance sheet positions and can occur due to a variety of factors, including: ?\nDifferences in the timing among the maturity or repricing of assets, liabilities and off-balance sheet instruments.\nFor example, if liabilities reprice quicker than assets and funding interest rates are declining, earnings will increase initially.  ?\nDifferences in the amounts of assets, liabilities and off-balance sheet instruments that are repricing at the same time.\nFor example, if more deposit liabilities are repricing than assets when general interest rates are declining, earnings will increase initially.  ?\nDifferences in the amounts by which short-term and long-term market interest rates change.\nFor example, changes in the slope of the yield curve because the Firm has the ability to lend at long-term fixed rates and borrow at variable or short-term fixed rates.\nBased upon these scenarios, the Firms earnings would be affected negatively by a sudden and unanticipated increase in short-term rates paid on its liabilities (e. g. , deposits) without a corresponding increase in long-term rates received on its assets (e. g. , loans).\nConversely, higher long-term rates received on assets generally are beneficial to earnings, particularly when the increase is not accompanied by rising short-term rates paid on liabilities.  ?\nThe impact of changes in the maturity of various assets, liabilities or off-balance sheet instruments as interest rates change.\nFor example, if more borrowers than forecasted pay down higher rate loan balances when general interest rates are declining, earnings may decrease initially.\nThe Firm manages interest rate exposure related to its assets and liabilities on a consolidated, corporate-wide basis.\nBusiness units transfer their interest rate risk to Treasury through a transfer-pricing system, which takes into account the elements of interest rate exposure that can be risk-managed in financial markets.\nThese elements include asset and liability balances and contractual rates of interest, contractual principal payment schedules, expected prepayment experience, interest rate reset dates and maturities, rate indices used for re-pricing, and any interest rate ceilings or floors for adjustable rate products.\nAll transfer-pricing assumptions are dynamically reviewed.\nThe Firm conducts simulations of changes in net interest income from its nontrading activities under a variety of interest rate scenarios.\nEarnings-at-risk tests measure the potential change in the Firms net interest income, and the corresponding impact to the Firms pre-"}
{"_id": "d8f4a8772", "title": "", "text": "| High Low Close CashDividendsDeclared(a) | 2016 Quarter | First | Second | Third | Fourth | Total | 2015 Quarter | First | Second | Third | Fourth | Total |"}
{"_id": "d87a1dcd2", "title": "", "text": "declaration of any dividends will be determined quarterly by the board or audit committee of the board of directors taking into account such factors as our evolving business model, prevailing business conditions and our financial results and capital requirements, without a predetermined annual net income payout ratio.\nDuring the year ended December 31, 2014, we paid dividends of $2.60 per share of our common stock in the aggregate through four quarterly dividends of $0.65 per share, for an aggregate payout of $299 million in 2014, which includes the payment of dividend equivalents.\nAs a holding company, we have no operations and rely upon dividends from our subsidiaries in order to provide liquidity necessary to service our debt obligations and make dividend payments to our shareholders.\nWe and our subsidiaries are all required to comply with legal and regulatory restrictions, including restrictions contained in applicable general corporate laws, regarding the declaration and payment of dividends.\nThese laws may limit our or our subsidiaries’ ability to declare and pay dividends from time to time.\nNone of the indentures governing our and our subsidiaries’ outstanding indebtedness contain specific covenants restricting our ability, or the ability of our subsidiaries, to pay dividends absent a default on such indebtedness.\nOur senior unsecured revolving credit facility in the aggregate amount of $3.0 billion, or the 2014 Credit Facility, however, limits our ability to declare and make dividend payments, and other distributions of our cash, property or assets, if a default under the applicable facility has occurred and is continuing, or would occur as a result of our declaration and payment of any dividend or other distribution.\nOur 2014 Credit Facility contains customary financial and operating covenants that place restrictions on our operations, including our maintenance of specified total leverage and interest coverage ratios, which could indirectly affect our ability to pay dividends.\nRefer to note 9 to our consolidated financial statements and related notes, which are included elsewhere in this Annual Report on Form 10-K, for more information on our debt facilities."}
{"_id": "d8e56167e", "title": "", "text": "| Years Ended March 31, Change | (Dollars in millions, except per share data) | Revenues | Gross Profit | Operating Expenses | Litigation Charges (Credit), Net | Total Operating Expenses | Other Income, Net | Interest Expense | Income from Continuing Operations Before Income Taxes | Income Tax Expense | Income from Continuing Operations | Discontinued Operation – gain on sale, net of tax | Net Income | Diluted Earnings Per Common Share | Continuing Operations | Discontinued Operation | Total | Weighted Average Diluted Common Shares |"}
{"_id": "d89e99458", "title": "", "text": "Prior to 2012, the Company issued both non-qualified and incentive stock options; however, the Company no longer issues incentive stock options.\nThe tax benefits associated with the outstanding incentive stock options are unpredictable, as they are predicated upon an award recipient triggering an event that disqualifies the award and that then results in a tax deduction to the Company.\nShare-based payment accounting guidance requires that these tax benefits be recorded at the time of the triggering event.\nThe triggering events for each option holder are not easily projected.\nIn order to estimate the tax benefits related to incentive stock options, the Company makes many assumptions and estimates, including the number of incentive stock options that will be exercised during the period by U. S.  employees, the number of incentive stock options that will be disqualified during the period and the fair market value of the Companys stock price on the exercise dates.\nEach of these items is subject to significant uncertainty.\nAdditionally, a significant portion of the tax benefits related to disqualified incentive stock options is accounted for as an increase to equity (additional paid-in capital) rather than as a reduction in income tax expense.\nAlthough all such benefits continue to be realized through the Companys tax filings, there is no corresponding benefit to income tax expense.\nFor example, the Company realized a tax benefit of $6.1 million during the year ended December 31, 2013 related to disqualified dispositions of incentive stock options; however, only $1.8 million of such amount was recorded as a reduction in income tax expense."}
{"_id": "d870a787e", "title": "", "text": "| 2015 2016 2017 2018 2019 2020 - 2024 | Qualified defined benefit pension plans | Retiree medical and life insurance plans |"}
{"_id": "d8a488486", "title": "", "text": "Stock Performance Graph This performance graph shall not be deemed \nfiled for purposes of Section 18 of the Exchange Act, or incorporated by reference into any filing of Quintiles IMS Holdings, Inc.  under the Exchange Act or under the Securities Act, except as shall be expressly set forth by specific reference in such filing.\nThe following graph shows a comparison from May 9, 2013 (the date our common stock commenced trading on the NYSE) through December 31, 2016 of the cumulative total return for our common stock, the Standard & Poor’s 500 Stock Index (“S&P 500”) and a select peer group.\nThe peer group consists of Cerner Corporation, Charles River Laboratories, Inc. , Dun & Bradstreet Corporation, Equifax Inc. , ICON plc, IHS Markit Ltd. , INC Research Holdings, Laboratory Corporation of America Holdings, Nielsen N. V. , Parexel International Corporation, Inc. , PRA Health Sciences, Inc. , Thomson Reuters Corporation and Verisk Analytics, Inc.\nThe companies in our peer group are publicly traded information services, information technology or contract research companies, and thus share similar business model characteristics to QuintilesIMS, or provide services to similar customers as QuintilesIMS.\nMany of these companies are also used by our compensation committee for purposes of compensation benchmarking.\nThe graph assumes that $100 was invested in QuintilesIMS, the S&P 500 and the peer group as of the close of market on May 9, 2013, assumes the reinvestments of dividends, if any.\nThe S&P 500 and our peer group are included for comparative purposes only.\nThey do not necessarily reflect management’s opinion that the S&P 500 and our peer group are an appropriate measure of the relative performance of the stock involved, and they are not intended to forecast or be indicative of possible future performance of our common stock."}
{"_id": "d8e11c208", "title": "", "text": "West Nyack Site In 1994 and 1997, O&R entered into consent orders with the NYSDEC pursuant to which O&R agreed to conduct a remedial investigation and remediate certain property it owns in West Nyack, New York at which PCBs were discovered.\nPetroleum contamination related to a leaking underground storage tank was found as well.\nO&R has completed all remediation at the site that the NYSDEC has required to date.\nO&R is continuing a supplemental groundwater investigation and on-site vapor intrusion monitoring as required by the NYSDEC.\nNewark Bay Approximately 300 parties, including O&R (which was served with a third-party complaint in June 2009), were sued as thirdparty defendants by Tierra Solutions, Inc.  (Tierra) and Maxus Energy Corporation (Maxus), successors to the Occidental Chemical Corporation and Diamond Shamrock Chemical Company.\nTierra and Maxus were themselves sued in 2005 by the New Jersey Department of Environmental Protection and others for removal and cleanup costs, punitive damages, penalties, and economic losses allegedly arising from the dioxin contamination their predecessors pesticide/herbicide plant allegedly released to the Newark Bay Complex, a system of waterways including Newark Bay, the Arthur Kill, the Kill Van Kull, and lower portions of the Passaic and Hackensack Rivers.\nTierra and Maxus are seeking equitable contribution from the thirdparty defendants for such costs, damages, penalties and losses, which are likely to be substantial.\nAs to O&R, Tierra and Maxus allege that 1975 and 1976 shipments of waste oil by O&R from an electricity generating plant in Haverstraw, New York to the Borne Chemical Company in Elizabeth, New Jersey was a source of petroleum discharges to the Arthur Kill.\nCon Edison is unable to predict O&Rs exposure to liability with respect to the Newark Bay Complex.\nOther Superfund Sites O&R is a PRP with respect to other Superfund sites where there are other PRPs and it is not managing the site investigation and remediation.\nWork at these sites is in various stages, with the company participating in PRP groups at some of the sites.\nInvestigation, remediation and monitoring at some of these sites have been, and are expected to continue to be, conducted over extended periods of time.\nThe company does not believe that it is reasonably likely that monetary sanctions, such as penalties, will be imposed upon it by any governmental authority with respect to these sites.\nThe following table lists each of O&Rs other Superfund sites for which the company anticipates it may have liability.\nThe table also shows for each such site, its location, the year in which the company was designated or alleged to be a PRP or to otherwise have responsibilities with respect to the site (shown in the table under Start), the name of the court or agency in which proceedings with respect to the site are pending and O&Rs estimated percentage of total liability for each site.\nThe company currently estimates that its potential liability for investigation, remediation, monitoring and environmental damages at each site is less than $0.5 million.\nSuperfund liability is joint and several.\nThe companys estimate of its anticipated share of the total liability for each site was determined pursuant to consent decrees, settlement agreements or otherwise and in light of the financial condition of other PRPs.\nThe companys actual liability could differ substantially from amounts estimated."}
{"_id": "d815cd25a", "title": "", "text": "| Year Ended December 31, 2016 vs. 2015 % Change 2015 vs. 2014 % Change | (In millions) | Net sales | Cost of sales | As a % of net sales | Gross Profit |"}
{"_id": "d874be368", "title": "", "text": "| December 31, 2013  (In millions) | Revenue | Net Income |"}
{"_id": "d8b1ea28c", "title": "", "text": "| For the Years Ended December 31, | Operational | 2016 | General and administrative | Advertising and marketing | Depreciation and amortization | Provision for litigation settlements | Total operating expenses |"}
{"_id": "d8f8aa8a2", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | Service cost – including administrative expenses | Interest cost on projected benefit obligation | Expected return on plan assets | Recognition of net actuarial loss | Recognition of prior service costs | NET PERIODIC BENEFIT COST | Amortization of regulatory asset (a) | TOTAL PERIODIC BENEFIT COST | Cost capitalized | Reconciliation to rate level | Cost charged to operating expenses |"}
{"_id": "d8bbf2edc", "title": "", "text": "The Jeanswear coalition consists of the global jeanswear businesses, led by the Wrangler?\nand Lee?\nbrands.2016 compared to 2015 Global Jeanswear revenues decreased 2% in 2016 compared to 2015, due to a 2% negative impact from foreign currency.\nRevenues in the Americas region decreased 2% in 2016, due to a 2% negative impact from foreign currency.\nRevenues in the Asia Pacific region decreased 4% in 2016, driven by a 5% negative impact from foreign currency.\nEuropean revenues increased 3% in 2016, including a 1% negative impact from foreign currency.\nGlobal revenues for the Wrangler?\nbrand decreased 1% in 2016, as 1% operational growth, which was tempered by aggressive inventory management by key retailers, was offset by a negative 2% impact from foreign currency.\nGlobal revenues for the Lee?\nbrand were down 3% in 2016 compared to 2015, primarily driven by a negative 2% impact from foreign currency and softness in the U. S.  mid-tier channel.\nOperating margin decreased 120 basis points in 2016 over 2015, primarily due to lower gross margin largely driven by restructuring charges and higher product costs as a result of lower production volumes.2015 compared to 2014 Global Jeanswear revenues were flat in 2015 compared to 2014, reflecting operational growth offset by a negative 4% impact from foreign currency.\nThe 53rd week in 2014 also negatively impacted 2015 revenue growth.\nRevenues in the Americas region increased 1% in 2015, including a 2% negative impact from foreign currency.\nRevenues in the Asia Pacific region increased 5% in 2015 despite a 4% negative impact from foreign currency.\nEuropean revenues decreased 15% in 2015, including an 18% negative impact from foreign currency.\nGlobal revenues for the Wrangler?\nbrand were flat in 2015 compared to 2014, as 4% operational growth driven by continued strength in the mass business was offset by a negative 4% impact from foreign currency.\nGlobal revenues for the Lee?\nbrand were"}
{"_id": "d820d0490", "title": "", "text": "ended December 31, 2015 and 2014, respectively.\nThe increase in cash provided by accounts payable-inventory financing was primarily due to a new vendor added to our previously existing inventory financing agreement.\nFor a description of the inventory financing transactions impacting each period, see Note 6 (Inventory Financing Agreements) to the accompanying Consolidated Financial Statements.\nFor a description of the debt transactions impacting each period, see Note 8 (Long-Term Debt) to the accompanying Consolidated Financial Statements.\nNet cash used in financing activities decreased $56.3 million in 2014 compared to 2013.\nThe decrease was primarily driven by several debt refinancing transactions during each period and our July 2013 IPO, which generated net proceeds of $424.7 million after deducting underwriting discounts, expenses and transaction costs.\nThe net impact of our debt transactions resulted in cash outflows of $145.9 million and $518.3 million during 2014 and 2013, respectively, as cash was used in each period to reduce our total long-term debt.\nFor a description of the debt transactions impacting each period, see Note 8 (Long-Term Debt) to the accompanying Consolidated Financial Statements.\nLong-Term Debt and Financing Arrangements As of December 31, 2015, we had total indebtedness of $3.3 billion, of which $1.6 billion was secured indebtedness.\nAt December 31, 2015, we were in compliance with the covenants under our various credit agreements and indentures.\nThe amount of CDW’s restricted payment capacity under the Senior Secured Term Loan Facility was $679.7 million at December 31, 2015.\nFor further details regarding our debt and each of the transactions described below, see Note 8 (Long-Term Debt) to the accompanying Consolidated Financial Statements.\nDuring the year ended December 31, 2015, the following events occurred with respect to our debt structure: ?\nOn August 1, 2015, we consolidated Kelway’s Term Loan and Kelway’s Revolving Credit Facility.\nKelway’s Term Loan is denominated in British Pounds.\nThe Kelway Revolving Credit Facility is a multi-currency revolving credit facility under which Kelway is permitted to borrow an aggregate amount of ￡50.0 million ($73.7 million) as of December 31, 2015.  ?\nOn March 3, 2015, we completed the issuance of $525.0 million principal amount of 5.0% Senior Notes due 2023 which will mature on September 1, 2023.  ?\nOn March 3, 2015, we redeemed the remaining $503.9 million aggregate principal amount of the 8.5% Senior Notes due 2019, plus accrued and unpaid interest through the date of redemption, April 2, 2015.\nInventory Financing Agreements We have entered into agreements with certain financial intermediaries to facilitate the purchase of inventory from various suppliers under certain terms and conditions.\nThese amounts are classified separately as accounts payable-inventory financing on the Consolidated Balance Sheets.\nWe do not incur any interest expense associated with these agreements as balances are paid when they are due.\nFor further details, see Note 6 (Inventory Financing Agreements) to the accompanying Consolidated Financial Statements.\nContractual Obligations We have future obligations under various contracts relating to debt and interest payments, operating leases and asset retirement obligations.\nOur estimated future payments, based on undiscounted amounts, under contractual obligations that existed as of December 31, 2015, are as follows:"}
{"_id": "d8b7101ee", "title": "", "text": "During 2015, 2014 and 2013, additional performance cash awards with a total target value of $1.2, $2.9 and $35.6, respectively, were awarded under the 2014 PIP and 2009 PIP and will be settled in shares upon vesting, which is three years from the grant date.\nThe total fair value of the vested awards distributed during the years ended December 31, 2015 and 2014 was $16.6 and $19.8, respectively.\nAs of December 31, 2015, there was $1.6 of total unrecognized compensation expense related to these awards, which is expected to be recognized over a remaining weighted-average period of 0.2 years.\nIn conjunction with our annual grant of long-term incentive compensation awards, we reviewed our estimates and assumptions in 2015, which resulted in a forfeiture rate consistent with prior years.2009 Restricted Cash Plan In March 2009, the Compensation Committee approved the Interpublic Restricted Cash Plan (the “Cash Plan”).\nUnder the Cash Plan, the Board, the Compensation Committee or the Plan Administrator may grant cash awards to certain"}
{"_id": "d8d8f5ea8", "title": "", "text": "| 2014 2013 | (Amounts in millions) | ASSETS | Money market investments | Securities: | Held-to-maturity | Available-for-sale | Trading account | Total securities | Loans held for sale | Loans and leases2 | Total interest-earning assets | Cash and due from banks | Allowance for loan losses | Goodwill | Core deposit and other intangibles | Other assets | Total assets | LIABILITIES | Interest-bearing deposits: | Saving and money market | Time | Foreign | Total interest-bearing deposits | Borrowed funds: | Federal funds purchased and other short-term borrowings | Long-term debt | Total borrowed funds | Total interest-bearing liabilities | Noninterest-bearing deposits | Other liabilities | Total liabilities | Shareholders’ equity: | Preferred equity | Common equity | Controlling interest shareholders’ equity | Noncontrolling interests | Total shareholders’ equity | Total liabilities and shareholders’ equity | Spread on average interest-bearing funds | Taxable-equivalent net interest income and net yield on interest-earning assets |"}
{"_id": "d8a0867d4", "title": "", "text": "Note 10.\nCommitments and Contingencies Off-Balance Sheet Commitments and Contingencies: Credit-related financial instruments include indemnified securities financing, unfunded commitments to extend credit or purchase assets and standby letters of credit.\nThe total potential loss on unfunded commitments, standby letters of credit and securities finance indemnifications is equal to the total contractual amount, which does not consider the value of any collateral.\nThe following is a summary of the contractual amount of credit-related, off-balance sheet financial instruments at December 31.\nAmounts reported do not reflect participations to independent third parties."}
{"_id": "d8cea64de", "title": "", "text": "| December 31, (in millions) 2016 2015 2014 | Carrying value | Cost |"}
{"_id": "d87d15cbe", "title": "", "text": "2011 compared to 2010 IS&GS’ net sales for 2011 decreased $540 million, or 5%, compared to 2010.\nThe decrease primarily was attributable to lower volume of approximately $665 million due to the absence of the DRIS program that supported the 2010 U. S.  census and a decline in activities on the JTRS program.\nThis decrease partially was offset by increased net sales on numerous programs.\nIS&GS’ operating profit for 2011 increased $60 million, or 7%, compared to 2010.\nOperating profit increased approximately $180 million due to volume and the retirement of risks in 2011 and the absence of reserves recognized in 2010 on numerous programs (including among others, ODIN (about $60 million) and TWIC and Automated Flight Service Station programs).\nThe increases in operating profit partially were offset by the absence of the DRIS program and a decline in activities on the JTRS program of about $120 million.\nAdjustments not related to volume, including net profit rate adjustments described above, were approximately $130 million higher in 2011 compared to 2010.\nBacklog Backlog decreased in 2012 compared to 2011 primarily due to the substantial completion of various programs in 2011 (primarily ODIN, U. K.  Census, and JTRS).\nThe decrease in backlog during 2011 compared to 2010 mainly was due to declining activities on the JTRS program and several other smaller programs.\nTrends We expect IS&GS’ net sales to decline in 2013 in the mid single digit percentage range as compared to 2012 primarily due to the continued downturn in federal information technology budgets.\nOperating profit is expected to decline in 2013 in the mid single digit percentage range consistent with the expected decline in net sales, resulting in margins that are comparable with 2012 results."}
{"_id": "d8c708556", "title": "", "text": "| For the Years Ended December 31, 2009, 2008 and 2007 | Business Banking | 2009 | Net interest income(a) | Noninterest income | 410,251 | Provision for credit losses | Amortization of core deposit and other intangible assets | Depreciation and other amortization | Other noninterest expense | Income (loss) before taxes | Income tax expense (benefit) | Net income (loss) | Average total assets (in millions) | Capital expenditures (in millions) |"}
{"_id": "d81c799fa", "title": "", "text": "| U.K. U.S. Other | Expected return (in total) | Expected return on equities -1 | Expected return on fixed income | Asset mix: | Target equity -1 | Target fixed income |"}
{"_id": "d8afd3c0a", "title": "", "text": "| 2017 $114,857 | 2018 | 2019 | 2020 | 2021 | 2022 and thereafter | Total future minimum lease payments |"}
{"_id": "d8e79b55c", "title": "", "text": "On October 21, 2004, The Hartford declared a dividend on its common stock of $0.29 per share payable on January 3, 2005 to shareholders of record as of December 1, 2004.\nThe Hartford declared $331 and paid $325 in dividends to shareholders in 2004, declared $300 and paid $291 in dividends to shareholders in 2003, declared $262 and paid $257 in 2002.\nAOCI - AOCI increased by $179 as of December 31, 2004 compared with December 31, 2003.\nThe increase in AOCI is primarily the result of Lifes adoption of SOP 03-1, which resulted in a $292 cumulative effect for unrealized gains on securities in the first quarter of 2004 related to the reclassification of investments from separate account assets to general account assets, partially offset by net unrealized losses on cash-flow hedging instruments.\nThe funded status of the Companys pension and postretirement plans is dependent upon many factors, including returns on invested assets and the level of market interest rates.\nDeclines in the value of securities traded in equity markets coupled with declines in longterm interest rates have had a negative impact on the funded status of the plans.\nAs a result, the Company recorded a minimum pension liability as of December 31, 2004, and 2003, which resulted in an after-tax reduction of stockholders equity of $480 and $375 respectively.\nThis minimum pension liability did not affect the Companys results of operations.\nFor additional information on stockholders equity and AOCI see Notes 15 and 16, respectively, of Notes to Consolidated Financial Statements."}
{"_id": "d8d3b0dd0", "title": "", "text": "Acquisitions, Dispositions, Ventures and Plant Closures Acquisitions In May 2010, the Company acquired two product lines, Zenite?\nliquid crystal polymer (LCP) and Thermx?\npolycyclohexylene-dimethylene terephthalate (PCT), from DuPont Performance Polymers.\nThe acquisition will continue to build upon the Companys position as a global supplier of high performance materials and technologydriven applications.\nThese two product lines broaden the Companys Ticona Engineering Polymers offerings within its Advanced Engineered Materials segment, enabling the Company to respond to a globalizing customer base, especially in the high growth electrical and electronics application markets.\nPro forma financial information since the acquisition date has not been provided as the acquisition did not have a material impact on the Companys financial information.\nThe Company incurred $1 million in direct transaction costs as a result of this acquisition.\nThe Company allocated the purchase price of the acquisition to identifiable intangible assets acquired based on their estimated fair values.\nThe excess of purchase price over the aggregate fair values was recorded as goodwill.\nIntangible assets were valued using the relief from royalty and discounted cash flow methodologies which are considered a Level 3 measurement under FASB ASC Topic 820.\nThe relief from royalty method estimates the Companys theoretical royalty savings from ownership of the intangible asset.\nKey assumptions used in this model include discount rates, royalty rates, growth rates, sales projections and terminal value rates.\nDiscount rates, royalty rates, growth rates and sales projections are the assumptions most sensitive and susceptible to change as they require significant management judgment.\nThe key assumptions used in the discounted cash flow valuation model include discount rates, growth rates, cash flow projections and terminal value rates.\nDiscount rates, growth rates and cash flow projections are the most sensitive and susceptible to change as they require significant management judgment.\nThe Company, with the assistance of third-party valuation consultants, calculated the fair value of the intangible assets acquired to allocate the purchase price at the respective acquisition date.\nThe consideration paid for the product lines and the amounts of the intangible assets acquired recognized at the acquisition date are as follows:"}
{"_id": "d87981b7a", "title": "", "text": "| 2015 2014 2013 | European Union | Eastern Europe, Middle East & Africa | Asia | Latin America & Canada | 100.0% |"}
{"_id": "d8d1eaadc", "title": "", "text": "| New Sites (Acquired or Constructed) 2014 2013 2012 | Domestic | International-1 |"}
{"_id": "d87f293fc", "title": "", "text": "| Balance at March 31, 2008 $168 | Reductions for tax positions for closing of the applicable statute of limitations | Balance at March 31, 2009 |"}
{"_id": "d815dd812", "title": "", "text": "| December 31 | (Dollars in millions) | Assets under management | Client brokerage assets-1 | Assets in custody | Client deposits | Less: Client brokerage assets and assets incustody included in assets under management | Total net client assets |"}
{"_id": "d8634d0e8", "title": "", "text": "| For the Years Ended December 31, | 2013 | Operating Revenues (dollars in thousands) | Customer Class | Water service | Residential | Commercial | Industrial | Public and other | Other water revenues | Billed water services | Unbilled water services | Total water revenues | Wastewater revenues | Other revenues | $2,593,918 |"}
{"_id": "d8622c5a6", "title": "", "text": "| December 31 2005 2004 | (In millions of dollars) | General account investments: | Fixed maturity securities available-for-sale: | U.S. Treasury securities and obligations of | government agencies | Asset-backed securities | States, municipalities and political subdivisions- | tax-exempt | Corporate securities | Other debt securities | Redeemable preferred stock | Options embedded in convertible debt securities | Total fixed maturity securities available-for-sale | Fixed maturity securities trading: | U.S. Treasury securities and obligations of | government agencies | Asset-backed securities | Corporate securities | Other debt securities | Redeemable preferred stock | Total fixed maturity securities trading | Equity securities available-for-sale: | Common stock | Non-redeemable preferred stock | Total equity securities available-for-sale | Equity securities trading | Short-term investments available-for-sale | Short-term investments trading | Limited partnerships | Other investments | Total general account investments |"}
{"_id": "d88000c08", "title": "", "text": "Note 12: Shareholders' Equity During 2018, 2017, and 2016, we repurchased $4.15 billion, $359.8 million and $540.1 million, respectively, of shares associated with our share repurchase programs.\nA payment of $60.0 million was made in 2016 for shares repurchased in 2017.\nDuring 2018, we repurchased $2.05 billion of shares, which completed the $5.00 billion share repurchase program announced in October 2013 and our board authorized an $8.00 billion share repurchase program.\nThere were $2.10 billion repurchased under the $8.00 billion program in 2018.\nAs of December 31, 2018, there were $5.90 billion of shares remaining under the 2018 program.\nWe have 5.0 million authorized shares of preferred stock.\nAs of December 31, 2018 and 2017, no preferred stock was issued.\nWe have an employee benefit trust that held 50.0 million shares of our common stock at both December 31, 2018 and 2017, to provide a source of funds to assist us in meeting our obligations under various employee benefit plans.\nThe cost basis of the shares held in the trust was $3.01 billion at both December 31, 2018 and 2017, and is shown as a reduction of shareholders equity.\nAny dividend transactions between us and the trust are eliminated.\nStock held by the trust is not considered outstanding in the computation of EPS.\nThe assets of the trust were not used to fund any of our obligations under these employee benefit plans during the years ended December 31, 2018, 2017, and 2016."}
{"_id": "d8972a6d6", "title": "", "text": "| Rating equivalent 2017 2016 | December 31,(in millions, except ratios) | AAA/Aaa to AA-/Aa3 | A+/A1 to A-/A3 | BBB+/Baa1 to BBB-/Baa3 | BB+/Ba1 to B-/B3 | CCC+/Caa1 and below | Total |"}
{"_id": "d87019b46", "title": "", "text": "| December 31, 2012 December 31, 2011 | Carrying | In millions | Assets | Cash and due from banks | Short-term assets | Trading securities | Investment securities | Trading loans | Loans held for sale | Net loans (excludes leases) | Other assets | Mortgage servicing rights | Financial derivatives | Designated as hedging instruments under GAAP | Not designated as hedging instruments under GAAP | Total Assets | Liabilities | Demand, savings and money market deposits | Time deposits | Borrowed funds | Financial derivatives | Designated as hedging instruments under GAAP | Not designated as hedging instruments under GAAP | Unfunded loan commitments and letters of credit | Total Liabilities |"}
{"_id": "d8d07369a", "title": "", "text": "| 2006 2005 2004 | (Dollars in millions) | Net sales | % change compared with prior year | Segment profit | % change compared with prior year |"}
{"_id": "d8b7367e0", "title": "", "text": "| Period Total Numberof SharesPurchased-1 AveragePrice PaidPer Share-2 Total Number ofShares Purchasedas Part ofPublicly AnnouncedPlan or Program Maximum DollarValue of SharesAuthorized for Repurchase UnderPublicly AnnouncedPlan or Program-1(In millions) | September 30, 2018 – November 3, 2018 | November 4, 2018 – December 1, 2018 | December 2, 2018 – December 29, 2018 | Total |"}
{"_id": "d8d120106", "title": "", "text": "| Year Ended December 31 | 2014 | (In thousands) | Service cost | Interest cost on benefit obligation | Expected return on plan assets | Amortization of prior service credit | Recognized net actuarial loss | Net periodic pension expense |"}
{"_id": "d8c1ec176", "title": "", "text": "| 2008 2007 2006 | Changes in fair value of derivatives | Adjustment for net gains/(losses) realized and included in net income | Change in unrealized gains on derivative instruments |"}
{"_id": "d870687fa", "title": "", "text": "| (dollars in millions)CDS Gross TransactionNotional Amount atDecember 31,2010 Net NotionalAmount atDecember 31,2010 AttachmentPoint atInception(a) AttachmentPoint atDecember 31,2010(a) RealizedLossesthroughDecember 31,2010(b) | 1 | 2 | 3 | 4 | 5(c) | 6 | 7 | 8 | 9 | Total |"}
{"_id": "d8a2da21a", "title": "", "text": "future payments that will not be paid because of an early redemption, which is discounted at a fixed spread over a comparable Treasury security.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2022 Notes.2021 Notes.\nIn May 2011, the Company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations.\nThese notes were issued as two separate series of senior debt securities, including $750 million of 4.25% notes maturing in May 2021 and $750 million of floating rate notes, which were repaid in May 2013 at maturity.\nNet proceeds of this offering were used to fund the repurchase of BlackRocks Series B Preferred from affiliates of Merrill Lynch & Co. , Inc.  Interest on the 4.25% notes due in 2021 (2021 Notes) is payable semi-annually on May 24 and November 24 of each year, which commenced November 24, 2011, and is approximately $32 million per year.\nThe 2021 Notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a make-whole redemption price.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2021 Notes.2019 Notes.\nIn December 2009, the Company issued $2.5 billion in aggregate principal amount of unsecured and unsubordinated obligations.\nThese notes were issued as three separate series of senior debt securities including $0.5 billion of 2.25% notes, which were repaid in December 2012, $1.0 billion of 3.50% notes, which were repaid in December 2014 at maturity, and $1.0 billion of 5.0% notes maturing in December 2019 (the 2019 Notes).\nNet proceeds of this offering were used to repay borrowings under the CP Program, which was used to finance a portion of the acquisition of Barclays Global Investors from Barclays on December 1, 2009, and for general corporate purposes.\nInterest on the 2019 Notes of approximately $50 million per year is payable semi-annually in arrears on June 10 and December 10 of each year.\nThese notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a make-whole redemption price.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2019 Notes.2017 Notes.\nIn September 2007, the Company issued $700 million in aggregate principal amount of 6.25% senior unsecured and unsubordinated notes maturing on September 15, 2017 (the 2017 Notes).\nA portion of the net proceeds of the 2017 Notes was used to fund the initial cash payment for the acquisition of the fund-of-funds business of Quellos and the remainder was used for general corporate purposes.\nInterest is payable semi-annually in arrears on March 15 and September 15 of each year, or approximately $44 million per year.\nThe 2017 Notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a make-whole redemption price.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2017 Notes.13.\nCommitments and Contingencies Operating Lease Commitments The Company leases its primary office spaces under agreements that expire through 2035."}
{"_id": "d8c2c6e2a", "title": "", "text": "| December 31, 2016(in billions, except ratio data) Total assets at fair value Total level 3 assets | Trading debt and equity instruments | Derivative receivables(a) | Trading assets | AFS securities | Loans | MSRs | Private equity investments(b) | Other | Total assets measuredat fair value on a recurring basis | Total assets measured at fair value on a nonrecurring basis | Total assets measuredat fair value | Total Firm assets | Level 3 assets as a percentage of total Firm assets(a) | Level 3 assets as a percentage of total Firm assets at fair value(a) |"}
{"_id": "d8b4da924", "title": "", "text": "| December 31, 2008 | Cost or Amortized Cost | Less than | 20% | (In millions, except number of securities) | Fixed Maturity Securities: | Less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Twelve months or greater | Total | Equity Securities: | Less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Twelve months or greater | Total |"}
{"_id": "d87b3591c", "title": "", "text": "| Payments Due by Period | (In Millions) | Operating lease obligations | Capital purchase obligations1 | Other purchase obligations and commitments2 | Long-term debt obligations3 | Other long-term liabilities4, 5 | Total6 |"}
{"_id": "d8e373fba", "title": "", "text": "| As of December 31, 2015 | $ in millions | Assets: | CLO collateral assets: | Bank loans | Bonds | Equity securities | Private equity fund assets: | Equity securities | Debt securities | Investments in other private equity funds | Total assets at fair value |"}
{"_id": "d8d0597b8", "title": "", "text": "In January 2016, the Company issued $800 million of debt securities consisting of a $400 million aggregate principal three year fixed rate note with a coupon rate of 2.00% and a $400 million aggregate principal seven year fixed rate note with a coupon rate of 3.25%.\nThe proceeds were used to repay a portion of the Company’s outstanding commercial paper, repay the remaining term loan balance, and for general corporate purposes.\nThe Company’s public notes and 144A Notes may be redeemed by the Company at its option at redemption prices that include accrued and unpaid interest and a make-whole premium.\nUpon the occurrence of a change of control accompanied by a downgrade of the notes below investment grade rating, within a specified time period, the Company would be required to offer to repurchase the public notes and 144A Notes at a price equal to 101% of the aggregate principal amount thereof, plus any accrued and unpaid interest to the date of repurchase.\nThe public notes and 144A Notes are senior unsecured and unsubordinated obligations of the Company and rank equally with all other senior and unsubordinated indebtedness of the Company.\nThe Company entered into a registration rights agreement in connection with the issuance of the 144A Notes.\nSubject to certain limitations set forth in the registration rights agreement, the Company has agreed to (i) file a registration statement (the “Exchange Offer Registration Statement”) with respect to registered offers to exchange the 144A Notes for exchange notes (the “Exchange Notes”), which will have terms identical in all material respects to the New 10-year Notes and New 30-year Notes, as applicable, except that the Exchange Notes will not contain transfer restrictions and will not provide for any increase in the interest rate thereon in certain circumstances and (ii) use commercially reasonable efforts to cause the Exchange Offer Registration Statement to be declared effective within 270 days after the date of issuance of the 144A Notes.\nUntil such time as the Exchange Offer Registration Statement is declared effective, the 144A Notes may only be sold in accordance with Rule 144A or Regulation S of the Securities Act of 1933, as amended."}
{"_id": "d8b55238e", "title": "", "text": "| Years Ended December 31, | 2015 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d8d885568", "title": "", "text": "VERTEX PHARMACEUTICALS INCORPORATED Notes to Consolidated Financial Statements (Continued) D.  Stock-based Compensation (Continued) The Company uses the Black-Scholes valuation model to estimate the fair value of stock options at the grant date.\nThe Black-Scholes valuation model uses the option exercise price as well as estimates and assumptions related to the expected price volatility of the Companys stock, the period during which the options will be outstanding, the rate of return on risk-free investments, and the expected dividend yield for the Companys stock to estimate the fair value of a stock option on the grant date.\nThe Company validates its estimates and assumptions through consultations with independent third parties having relevant expertise.\nThe fair value of each option granted under the Stock and Option Plans during 2006 was estimated on the date of grant using the BlackScholes option pricing model with the following weighted average assumptions:"}
{"_id": "d8cc91932", "title": "", "text": "NOTE 14 Commitments and Contingencies In the normal course of business, the Corporation enters into a number of off-balance sheet commitments.\nThese commitments expose the Corporation to varying degrees of credit and market risk and are subject to the same credit and market risk limitation reviews as those instruments recorded on the Corporations Consolidated Balance Sheet.\nCredit Extension Commitments The Corporation enters into commitments to extend credit such as loan commitments, SBLC and commercial letters of credit to meet the financing needs of its customers.\nThe table below includes the notional amount of unfunded legally binding lending commitments net of amounts distributed (e. g. , syndicated) to other financial institutions of $27.1 billion and $23.3 billion at December 31, 2011 and 2010.\nAt December 31, 2011, the carrying amount of these commitments, excluding commitments accounted for under the fair value option, was $741 million, including deferred revenue of $27 million and a reserve for unfunded lending commitments of $714 million.\nAt December 31, 2010, the comparable amounts were $1.2 billion, $29 million and $1.2 billion, respectively.\nThe carrying amount of these commitments is classified in accrued expenses and other liabilities on the Consolidated Balance Sheet.\nThe table below also includes the notional amount of commitments of $25.7 billion and $27.3 billion at December 31, 2011 and 2010 that are accounted for under the fair value option.\nHowever, the table below excludes fair value adjustments of $1.2 billion and $866 million on these commitments, which are classified in accrued expenses and other liabilities.\nFor information regarding the Corporations loan commitments accounted for under the fair value option, see Note 23  Fair Value Option."}
{"_id": "d88318aa8", "title": "", "text": "| Yearly Averages | (in billions) | Common stockholders’ equity | Economic risk capital: | Credit risk | Market risk | Operational risk | Business risk | Private equity risk | Economic risk capital | Goodwill / Intangibles | Asset capital tax | Capital against nonrisk factors | Total capital allocated to business activities | Diversification effect | Total required internal capital | Firm capital in excess of required capital |"}
{"_id": "d88424258", "title": "", "text": "The only equity securities that are publicly traded are common shares of Xcel Energy Inc.\nThe diluted earnings and EPS of each subsidiary as well as the ROE of each subsidiary discussed below do not represent a direct legal interest in the assets and liabilities allocated to such subsidiary but rather represent a direct interest in our assets and liabilities as a whole.\nOngoing diluted EPS and ongoing ROE for Xcel Energy and by subsidiary are financial measures not recognized under GAAP.\nOngoing diluted EPS is calculated by dividing the net income or loss attributable to the controlling interest of each subsidiary, adjusted for certain nonrecurring items, by the weighted average fully diluted Xcel Energy Inc.  common shares outstanding for the period.\nOngoing ROE is calculated by dividing the net income or loss attributable to the controlling interest of Xcel Energy or each subsidiary, adjusted for certain nonrecurring items, by each entity’s average common stockholders’ or stockholder’s equity.\nWe use these non-GAAP financial measures to evaluate and provide details of earnings results.\nWe believe these measurements are useful to investors to evaluate the actual and projected financial performance and contribution of our subsidiaries.\nThese non-GAAP financial measures should not be considered as alternatives to measures calculated and reported in accordance with GAAP."}
{"_id": "d8e64bb7a", "title": "", "text": "| 2017 $27,000 | 2018 | 2019 | 2020 | 2021 | 2022 and thereafter | Total scheduled maturities of long term debt | Current maturities of long term debt |"}
{"_id": "d8695f710", "title": "", "text": "The two lease agreements discussed above are subject to standard financial covenants.\nThe agreements limit the amount of indebtedness we can incur.\nA leverage covenant requires us to keep our debt to EBITDA ratio less than 2.5:1.0.\nAs of November 28, 2003, our debt to EBITDA ratio was 0.53:1.0, well within the limit.\nWe also have a liquidity covenant which requires us to maintain a quick ratio equal to or greater than 1.0.\nAs of November 28, 2003, our quick ratio was 2.2, well above the minimum.\nWe expect to remain within compliance in the next 12 months.\nWe are comfortable with these limitations and believe they will not impact our cash or credit in the coming year or restrict our ability to execute our business plan."}
{"_id": "d8e65dd34", "title": "", "text": "Stock Performance Graph Comcast The graph below compares the yearly percentage change in the cumulative total shareholder return on Comcasts Class A common stock during the five years ended December 31, 2015 with the cumulative total returns on the Standard & Poors 500 Stock Index and with a select peer group consisting of us and other companies engaged in the cable, communications and media industries.\nThis peer group consists of us, as well as Cablevision Systems Corporation (Class A), DISH Network Corporation (Class A), DirecTV Inc.  (included through July 24, 2015, the date of acquisition by AT&T Corp. ) and Time Warner Cable Inc.  (the cable subgroup), and Time Warner Inc. , Walt Disney Company, Viacom Inc.  (Class B), Twenty-First Century Fox, Inc.  (Class A), and CBS Corporation (Class B) (the media subgroup).\nThe peer group was constructed as a composite peer group in which the cable subgroup is weighted 63% and the media subgroup is weighted 37% based on the respective revenue of our Cable Communications and NBCUniversal segments.\nThe graph assumes $100 was invested on December 31, 2010 in our Class A common stock and in each of the following indices and assumes the reinvestment of dividends."}
{"_id": "d8366a062", "title": "", "text": "Selling, General, and Administrative Expense (SG&A) Expenditures for SG&A increased $798 million or 27% to $3.8 billion in 2008 compared to 2007.\nThese increases are due primarily to higher stock-based compensation expenses, higher variable selling expenses resulting from the significant year-over-year increase in total net sales and the Companys continued expansion of its Retail segment in both domestic and international markets.\nIn addition, the Company incurred higher spending on marketing and advertising during 2008 compared to 2007.\nExpenditures for SG&A increased $530 million or 22% during 2007 compared to 2006.\nThe increase was due primarily to higher direct and indirect channel variable selling expenses resulting from the significant year-over-year increase in total net sales in 2007, the Companys continued expansion of its Retail segment in both domestic and international markets, and higher spending on marketing and advertising, partially offset by one less week of expenses in the first quarter of 2007."}
{"_id": "d8bdb72b8", "title": "", "text": "We repurchased no Withheld Shares in October 2016, 1,353 Withheld Shares in November 2016 and 10,749 Withheld Shares in December 2016, for a total of 12,102 Withheld Shares during the three-month period.2 The average price per share for each of the months in the fiscal quarter and for the three-month period was calculated by dividing the sum of the applicable period of the aggregate value of the tax withholding obligations and the aggregate amount we paid for shares acquired under our share repurchase program, described in Note 5 to the Consolidated Financial Statements, by the sum of the number of Withheld Shares and the number of shares acquired in our share repurchase program.3 In February 2016, the Board authorized a share repurchase program to repurchase from time to time up to $300.0 million, excluding fees, of our common stock (the \\"}
{"_id": "d8f5af3a0", "title": "", "text": "| December 29,2012 December 31,2011 | Inventories at FIFO, net | Adjustments to state inventories at LIFO | Inventories at LIFO, net |"}
{"_id": "d8f31013a", "title": "", "text": "| Cash portion of consideration $575,400 | Fair value of vested options exchanged | Direct acquisition costs | Total estimated purchase price |"}
{"_id": "d8e63ce86", "title": "", "text": "| Years Ended December 31, | 2013 | (in millions) | Total net revenues | Income (loss) from discontinued operations | Gain on sale | Income tax benefit | Loss from discontinued operations, net of tax | Years Ended December 31, | 2012 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Operating earnings | 2006 | Quarter ended March 31 | Quarter ended June 30 | Quarter ended September 30 | Quarter ended December 31 | 2005 | Quarter ended March 31 | Quarter ended June 30 | Quarter ended September 30 | Quarter ended December 31 |"}
{"_id": "d8366a152", "title": "", "text": "SILICON VALLEY BANCSHARES AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) 23.\nRegulatory Matters (Continued) The Company and the Bank are subject to capital adequacy guidelines issued by the Federal Reserve Board.\nFailure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a material impact on the Companys and/or the Banks financial condition and results of operations.\nUnder capital adequacy guidelines and the regulatory framework for prompt corrective action, the Company and the Bank must meet specific capital guidelines that involve quantitative measures of the Companys and the Banks balance sheet items, as well as certain off-balance sheet items, as calculated under regulatory accounting practices.\nThe Companys and the Banks capital amounts and classifications are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.\nUnder these capital guidelines, the minimum total risk-based capital ratio and Tier 1 risk-based capital ratio requirements are 10.0% and 6.0%, respectively, of risk-weighted assets and certain off-balance sheet items for a well capitalized depository institution.\nThe Federal Reserve Board has also established minimum capital leverage ratio guidelines for state member banks.\nThe ratio is determined using Tier 1 capital divided by quarterly average total assets.\nThe guidelines require a minimum of 5.0% for a well-capitalized depository institution.\nThe following table presents the capital ratios for the Company and the bank, as compared to the minimum regulatory capital requirements for an adequately capitalized depository institution, as of December 31, 2003 and 2002:"}
{"_id": "d8aae8aa6", "title": "", "text": "| Year Ended December 31 2005 2004 (Restated) 2003 (Restated) | (In millions) | Net investment income | Revenues | Income (loss) before net realized investment gains (losses) | Net realized investment gains (losses) | Net income (loss) |"}
{"_id": "d81566618", "title": "", "text": "| Year Ended December 31, | 2008 | % of | $ | ($ in thousands) | Expenses | Employee compensation and benefits | Depreciation and amortization | Technology and communications | Professional and consulting fees | Occupancy | Marketing and advertising | General and administrative | Total expenses |"}
{"_id": "d8a5a3398", "title": "", "text": "| (In millions) Total 2012 2013-2014 2015-2016 LaterYears | Long-term debt (excludes interest)(a) | Lease obligations | Purchase obligations: | Oil and gas activities(b) | Service and materials contracts(c) | Transportation and related contracts | Drilling rigs and fracturing crews | Other | Total purchase obligations | Other long-term liabilities reportedin the consolidated balancesheet(d) | Total contractual cash obligations(e) |"}
{"_id": "d8db94970", "title": "", "text": "| Revenue Mix Summary Year Ended Comparable Sales Summary Year Ended | January 28, 2017 | Consumer Electronics | Computing and Mobile Phones | Entertainment | Appliances | Services | Other | Total | Dollars in millions | Basel I Tier 1 common capital | Less phased-in regulatory capital adjustments: | Basel III quantitative limits | Accumulated other comprehensive income (a) | Other intangibles | All other adjustments | Estimated Basel III Transitional Tier 1 common capital (with 2014 phase-ins) | Basel I risk-weighted assets calculated as applicable for 2014 | Pro forma Basel III Transitional Tier 1 common capital ratio (with 2014phase-ins) |"}
{"_id": "d8aa8038e", "title": "", "text": "| December 31, | (in days) | Days of sales outstanding (DSO)(1) | Days of supply in inventory (DIO)(2) | Days of purchases outstanding (DPO)(3) | Cash conversion cycle |"}
{"_id": "d88000afa", "title": "", "text": "Gas Peak Demand The gas peak demand for firm sales customers in O&Rs service area occurs during the winter heating season.\nThe peak day demand during the winter 2014/2015 (through February 2, 2015) occurred on January 7, 2015 when the demand reached 191 MDt.\nThe 2014/2015 peak day demand included 86 MDt for O&Rs full-service customers and 105 MDt for customers participating in its gas energy choice program.\nDesign weather for the gas system is a standard to which the actual peak demand is adjusted for evaluation and planning purposes.\nThe company estimates that, under design weather conditions,"}
{"_id": "d81cc59b8", "title": "", "text": "| 2013 2012 2011 | ESPP: | Dividend yield | Expected volatility | Risk-free interest rate | Expected life (in years) |"}
{"_id": "d8c1da566", "title": "", "text": "Stock Award and Incentive Plan.\nPursuant to the BlackRock, Inc.  1999 Stock Award and Incentive Plan (the Award Plan), options to purchase shares of the Companys common stock at an exercise price not less than the market value of BlackRocks common stock on the date of grant in the form of stock options, restricted stock or RSUs may be granted to employees and nonemployee directors.\nA maximum of 27,000,000 shares of common stock were authorized for issuance under the Award Plan.\nOf this amount, 5,447,427 shares remain available for future awards at December 31, 2012.\nUpon exercise of employee stock options, the issuance of restricted stock or the vesting of RSUs, the Company issues shares out of treasury to the extent available.\nRestricted Stock and RSUs.\nPursuant to the Award Plan, restricted stock grants and RSUs may be granted to certain employees.\nSubstantially all restricted stock and RSUs vest over periods ranging from one to five years and are expensed using the straight-line method over the requisite service period for each separately vesting portion of the award as if the award was, in-substance, multiple awards.\nPrior to 2009, the Company awarded restricted stock and RSUs with nonforfeitable dividend equivalent rights.\nRestricted stock and RSUs awarded beginning in 2009 are not considered participating securities for purposes of calculating EPS as the dividend equivalents are subject to forfeiture prior to vesting of the award.\nRestricted stock and RSU activity for 2012 is summarized below:"}
{"_id": "d8ea37748", "title": "", "text": "| Year Ended December 31, | 2014 | Revenue | Operating, administrative and other expenses | Gain on disposition of real estate | Income (loss) from discontinued operations, net of income taxes | Net income (loss) attributable to non-controlling interests |"}
{"_id": "d8b57ce90", "title": "", "text": "December 31, 2014"}
{"_id": "d8364bba8", "title": "", "text": "| 2013 % Change 2012 % Change 2011 | Europe | Latin America | Asia Pacific | Net revenues |"}
{"_id": "d8c2afba8", "title": "", "text": "| Fiscal2011 Fiscal2010 Fiscal2009 | Financial Management Solutions | Employee Management Solutions | Consumer Tax | Accounting Professionals | Financial Services |"}
{"_id": "d88f70e72", "title": "", "text": "| Base Capacity Product Capacity Performance Product | Zone | COMED | EMAAC | MAAC | RTO | Total |"}
{"_id": "d88283fde", "title": "", "text": "| December 31, 2010 December 31, 2009 | Amortized Cost-1 | (in millions) | Less than three months | Three months or greater but less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Greater than twelve months | Total |"}
{"_id": "d8ad741f8", "title": "", "text": "| (Amounts in millions) 2014 Percent change 2013 Percent change 2012 | Salaries and employee benefits | Occupancy, net | Furniture, equipment and software | Other real estate expense | Credit-related expense | Provision for unfunded lending commitments | Professional and legal services | Advertising | FDIC premiums | Amortization of core deposit and other intangibles | Debt extinguishment cost | Other | Total | (Dollar amounts in millions) | Salaries and bonuses | Employee benefits: | Employee health and insurance | Retirement | Payroll taxes and other | Total benefits | Total salaries and employee benefits | Full-time equivalent (“FTE”) employees at December 31 |"}
{"_id": "d888522ee", "title": "", "text": "| December 31, 2009 Net Flows Market Appreciation/ (Depreciation) & Other Foreign Exchange December 31, 2010 | (in billions) | Columbia Managed Assets:-1 | Retail Funds | Institutional Funds | Alternative Funds | Less: Eliminations | Total Columbia Managed Assets | Threadneedle Managed Assets: | Retail Funds | Institutional Funds | Alternative Funds | Total Threadneedle Managed Assets | Less: Sub-Advised Eliminations | Total Managed Assets |"}
{"_id": "d8d1db028", "title": "", "text": "Fair Value Disclosures about Pension Plan Assets.\nIn December 2008, the FASB revised the authoritative guidance for employers disclosures about pension plan assets.\nThis new guidance requires additional disclosures about the components of plan assets, investment strategies for plan assets and significant concentrations of risk within plan assets.\nThe Company, in conjunction with fair value measurement of plan assets, separated plan assets into the three fair value hierarchy levels and provided a roll forward of the changes in fair value of plan assets classified as Level 3 in the 2009 annual consolidated financial statements.\nThese disclosures had no effect on the Companys accounting for plan benefits and obligations."}
{"_id": "d875d006c", "title": "", "text": "| Fiscal2011 Fiscal2010 Fiscal2009 % Change2011-2010 % Change2010-2009 | Research and development | Percentage of total revenue | Sales and marketing | Percentage of total revenue | General and administrative | Percentage of total revenue | Restructuring and other charges | Percentage of total revenue | Amortization of purchased intangibles andincomplete technology | Percentage of total revenue | Total operating expenses |"}
{"_id": "d8b2ec7ca", "title": "", "text": "| In Millions, Fiscal Year 2006 2005 2004 2003 2002 2001 2000 | Net earnings | Interest, net, after-tax | Divestitures gain, after-tax | Debt repurchase costs, after-tax | Earnings before interest, after-tax (adjusted) | Current portion of long-term debt | Notes payable | Long-term debt | Total debt | Minority interests | Stockholders’ equity | Total capital | Less: 2005 Divestitures gain, net of debt repurchase costs, after-tax | Less: Accumulated other comprehensive (income) loss | Adjusted total capital | Adjusted average total capital | Return on average total capital |"}
{"_id": "d8889dee2", "title": "", "text": "| (In millions) 2009 2008 2007 | Sales and transfers of oil and gas produced, net of production andadministrative costs | Net changes in prices and production and administrative costs related tofuture production | Extensions, discoveries and improved recovery, less related costs | Development costs incurred during the period | Changes in estimated future development costs | Revisions of previous quantity estimates | Net changes in purchases and sales of minerals in place | Accretion of discount | Net change in income taxes | Timing and other | Net change for the year | Beginning of the year | End of year | Net change for the year from discontinued operations |"}
{"_id": "d8e6a0008", "title": "", "text": "| Identifiable Assets | 2017 | KFC Division(e) | Pizza Hut Division(e) | Taco Bell Division(e) | Corporate(c)(e) | $5,311 |"}
{"_id": "d89a14f9a", "title": "", "text": "| December 31, 2017 | (Dollars in thousands) | Commercial loans: | Software/internet | Hardware | Private equity/venture capital | Life science/healthcare | Premium wine | Other | Commercial loans | Real estate secured loans: | Premium wine | Consumer loans | Other | Real estate secured loans | Construction loans | Consumer loans | Total gross loans |"}
{"_id": "d8e79b6ec", "title": "", "text": "Unrealized Losses on AFS Securities Unrealized Loss Aging for AFS Securities by Type and Length of Time as of December 31, 2018"}
{"_id": "d88755ac6", "title": "", "text": "| Net Exploratory Wells Net Development Wells | Productive | Year Ended December 31, 2011 | United States-1 | Equatorial Guinea-1 | Cameroon | Senegal/Guinea-Bissau | Israel-1 | Cyprus-1 | China | Total | Year Ended December 31, 2010 | United States-1 | Equatorial Guinea-1 | Israel-1 | North Sea | China | Total | Year Ended December 31, 2009 | United States-1 | Equatorial Guinea-1 | Israel-1 | North Sea | China | Total |"}
{"_id": "d8d33fc48", "title": "", "text": "1 Includes 3 million stock option replacement awards in connection with our acquisition of CCE’s former North America business in 2010.\nThese options had a weighted-average exercise price of $18.02, and generally vest over 3 years and expire 10 years from the original date of grant.\nThe total intrinsic value of the options exercised was $815 million, $780 million and $631 million in 2013, 2012 and 2011, respectively.\nThe total shares exercised were 53 million, 61 million and 65 million in 2013, 2012 and 2011, respectively."}
{"_id": "d8adec2a2", "title": "", "text": "Entergy Texas, Inc.  Management's Financial Discussion and Analysis 366 dividends or other distributions on its common stock.\nCurrently, all of Entergy Texas' retained earnings are available for distribution.\nSources of Capital Entergy Texas' sources to meet its capital requirements include: x internally generated funds; x cash on hand; x debt or preferred stock issuances; and x bank financing under new or existing facilities.\nEntergy Texas may refinance or redeem debt prior to maturity, to the extent market conditions and interest and dividend rates are favorable.\nAll debt and common and preferred stock issuances by Entergy Texas require prior regulatory approval.\nPreferred stock and debt issuances are also subject to issuance tests set forth in its corporate charter, bond indentures, and other agreements.\nEntergy Texas has sufficient capacity under these tests to meet its foreseeable capital needs.\nEntergy Gulf States, Inc.  filed with the FERC an application, on behalf of Entergy Texas, for authority to issue up to $200 million of short-term debt, up to $300 million of tax-exempt bonds, and up to $1.3 billion of other longterm securities, including common and preferred or preference stock and long-term debt.\nOn November 8, 2007, the FERC issued orders granting the requested authority for a two-year period ending November 8, 2009.\nEntergy Texas' receivables from or (payables to) the money pool were as follows as of December 31 for each of the following years:"}
{"_id": "d8b477aa4", "title": "", "text": "Retail income tax return preparation and related services are provided by tax professionals via a system ofretail offices operated directly by us or by franchisees.\nWe also offer our services through seasonal offices located inside major retailers.\nTAX RETURNS PREPARED – We, together with our franchisees, prepared 24.5 million tax returns worldwide during fiscal year 2011, compared to 23.2 million in 2010 and 23.9 million in 2009.\nWe prepared 21.4 million tax returns in the U. S.  during fiscal year 2011, up from 20.1 million in 2010 and 21.0 million in 2009.\nOur U. S.  tax returns prepared, including those prepared by our franchisees and those prepared and filed at no charge, for the 2011 tax season constituted 16.4% of an Internal Revenue Service (IRS) estimate of total individual income tax returns filed during the fiscal year 2011 tax season.\nThis compares to 15.6% in the 2010 tax season and 15.8% in the 2009 tax season.\nSee Item 7 for further discussion of changes in the number of tax returns prepared.\nFRANCHISES – We offer franchises as a way to expand our presence in certain markets.\nOur franchise arrangements provide us with certain rights designed to protect our brand.\nMost of our franchisees receive use of our software, access to product offerings and expertise, signs, specialized forms, advertising, initial training and supervisory services, and pay us a percentage, typically approximately 30%, of gross tax return preparation and related service revenues as a franchise royalty in the U. S.  During fiscal years 2011, 2010 and 2009 we sold certain offices to existing franchisees for sales proceeds totaling $65.6 million, $65.7 million and $16.9 million, respectively.\nThe net gain on these transactions totaled $45.1 million, $49.0 million and $14.9 million in fiscal years 2011, 2010 and 2009, respectively.\nThe extent to which we sell company-owned offices will depend upon ongoing analysis regarding the optimal mix of offices for our network, including geographic location, as well as our ability to identify qualified franchisees.\nFrom time to time, we have also acquired the territories of existing franchisees and other tax return preparation businesses, and may continue to do so if future conditions warrant and satisfactory terms can be negotiated.\nDuring fiscal year 2009, we acquired the assets and franchise rights of our last major independent franchise operator for an aggregate purchase price of $279.2 million."}
{"_id": "d89d37434", "title": "", "text": "| (Dollars in millions) 2013 2012 2011 2010 2009 | Allowance for loan and lease losses, January 1-1 | Loans and leases charged off | Residential mortgage | Home equity | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer charge-offs | U.S. commercial-2 | Commercial real estate | Commercial lease financing | Non-U.S. commercial | Total commercial charge-offs | Total loans and leases charged off | Recoveries of loans and leases previously charged off | Residential mortgage | Home equity | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer recoveries | U.S. commercial-3 | Commercial real estate | Commercial lease financing | Non-U.S. commercial | Total commercial recoveries | Total recoveries of loans and leases previously charged off | Net charge-offs | Write-offs of PCI loans | Provision for loan and lease losses | Other-4 | Allowance for loan and lease losses, December 31 | Reserve for unfunded lending commitments, January 1 | Provision for unfunded lending commitments | Other-5 | Reserve for unfunded lending commitments, December 31 | Allowance for credit losses, December 31 |"}
{"_id": "d8c28a902", "title": "", "text": "| 2016 2015 | Plans where ABO was in excess of plan assets | Projected benefit obligation | Less: fair value of plan assets | Unfunded status of plans(a) | Plans where ABO was less than plan assets | Projected benefit obligation | Less: fair value of plan assets | Funded status of plans(b) | Incurred but Not Yet Recognized in Net Periodic Benefit Cost | 2016 | Gains (losses) | Actuarial gains and losses | Qualified defined benefit pension plans | Retiree medical and life insurance plans | Other plans | -1,204 | Credit (cost) | Net prior service credit and cost | Qualified defined benefit pension plans | Retiree medical and life insurance plans | Other plans | -28 | $-1,232 |"}
{"_id": "d89381f7a", "title": "", "text": "| December 31, 2012 December 31, 2011 | (in millions) | Assets: | Mortgage and other loans receivable | Liabilities: | Long-term debt* |"}
{"_id": "d87da9b94", "title": "", "text": "| Shares Weighted-AverageExercise Price | (In thousands, except per share amounts) | Shares under option at December 31, 2016 | Granted-1 | Exercised | Forfeited or expired | Shares under option at December 31, 2017 | Exercisable at December 31, 2017 |"}
{"_id": "d87914156", "title": "", "text": "(a) Includes 563, 3,801, 3,385, 2,851 and 2,955 mdths for 2012, 2011, 2010, 2009 and 2008, respectively, which are also reflected in firm transportation and other."}
{"_id": "d8ab11032", "title": "", "text": "Net realized gains on equity securities were $11 million in 2010, of which net trading gains on sales of equity securities were $89 million, partially offset by other-than-temporary impairments of $78 million.\nNet trading gains in 2010 were primarily due to private equity sales within our Corporate and Other operations and sales within our International Insurance operations.\nNet realized losses on equity securities were $402 million in 2009, of which other-than-temporary impairments were $389 million and net trading losses on sales of equity securities were $13 million.\nNet trading losses in 2009 were primarily due to sales within our Gibraltar Life operations.\nSee below for additional information regarding the other-than-temporary impairments of equity securities in 2010 and 2009."}
{"_id": "d86989218", "title": "", "text": "| Year ended December 31, | 2007 | (in millions) | New annualized premiums: | On an actual exchange rate basis: | Life Planner operations | Gibraltar Life | Total | On a constant exchange rate basis: | Life Planner operations | Gibraltar Life | Total |"}
{"_id": "d86b5f24a", "title": "", "text": "| Expected term (in years) 2.4 | Expected volatility | Risk-free interest rate | Stock price on date of grant | Weighted-average exercise price |"}
{"_id": "d8619483c", "title": "", "text": "Treasury’s net income increased $13.8 million in 2016 compared to 2015.\nThe $23.2 million increase in net interest income primarily reflects an increase in securities income and lower net FTP funding costs, partially offset by an increase in interest expense.\nTotal non-interest income in 2016 includes $5.9 million in net security losses, primarily resulting from the sale of low-yielding and short maturity U. S.  Treasury and CMO securities with a combined amortized cost of $403 million, and income relating to distributions from an acquired equity investment.\nTotal non-interest income also includes BOLI death benefits received totaling $1.4 million and $0.5 million in 2016 and 2015, respectively.\nThe increase in non-interest expense reflects an increase in allocated expenses partially offset by a decrease in direct expenses.\nAverage total assets increased $1.0 billion in 2016 compared to 2015, primarily reflecting an increase in average securities.\nThe $1.4 billion increase in average total liabilities in 2016 compared to 2015 primarily reflects an increase in average borrowings."}
{"_id": "d8ea2f246", "title": "", "text": "| United States EquatorialGuinea Israel OtherInt'l-2 Total | (millions) | Year Ended December 31, 2011 | Property Acquisition Costs | Proved-3 | Unproved-4 | Total Acquisition Costs | Exploration Costs-5 | Development Costs-6 | Total Consolidated Operations | Year Ended December 31, 2010 | Property Acquisition Costs | Proved-3 | Unproved-4 | Total Acquisition Costs | Exploration Costs-5 | Development Costs-6 | Total Consolidated Operations | Year Ended December 31, 2009 | Property Acquisition Costs | Proved-3 | Unproved-4 | Total Acquisition Costs | Exploration Costs-5 | Development Costs-6 | Total Consolidated Operations |"}
{"_id": "d8df60068", "title": "", "text": "| 2009 $14.9 | 2010 | 2011 | 2012 | 2013 | 2014 through 2018 |"}
{"_id": "d8dd2a820", "title": "", "text": "ITEM 3.\nLEGAL PROCEEDINGS During the second quarter of 2007, we reversed the remaining $1.2 million reserve we had established relating to the possible theft of our customers credit and debit card data.\nSee Note 13 to the Consolidated Financial Statements included in Item 8, Financial Statements and Supplementary Data.\n A lawsuit has been filed against us in California alleging violations of state laws regarding employee record- keeping, meal and rest breaks, payment of overtime and related practices with respect to our employees.\nThe case seeks damages, penalties and attorneys fees on behalf of a purported class of our present and former employees.\nWe are currently investigating these claims, and although we have various defenses, it is not possible at this time to reasonably estimate the outcome of or any potential liability from this case.\nWere involved in various other claims and legal actions that arise in the ordinary course of business.\nWe do not believe that the ultimate resolution of these actions will have a material adverse effect on our financial position, results of operations, liquidity or capital resources.\nHowever, a significant increase in the number of these claims, or one or more successful claims under which we incur greater liabilities than we currently anticipate could materially and adversely affect our business, financial condition, results of operation and cash flows."}
{"_id": "d866867e6", "title": "", "text": "Offsetting of Certain Collateralized Transactions."}
{"_id": "d86ba989a", "title": "", "text": "(1) Includes information for Merial until divestiture on September 17, 2009.\n1% limited partner interest.\nAstra contributed the net assets of its wholly owned subsidiary, Astra USA, Inc. , to the Partnership in exchange for a 99% general partner interest.\nThe Partnership, renamed AstraZeneca LP (“AZLP”) upon Astra’s 1999 merger with Zeneca Group Plc, became the exclusive distributor of the products for which KBI retained rights.\nWhile maintaining a 1% limited partner interest in AZLP, Merck has consent and protective rights intended to preserve its business and economic interests, including restrictions on the power of the general partner to make certain distributions or dispositions.\nFurthermore, in limited events of default, additional rights will be granted to the Company, including powers to direct the actions of, or remove and replace, the Partnership’s chief executive officer and chief financial officer.\nMerck earns ongoing revenue based on sales of KBI products and such revenue was $915 million, $1.2 billion and $1.3 billion in 2012, 2011 and 2010, respectively, primarily relating to sales of Nexium, as well as Prilosec.\nIn addition, Merck earns certain Partnership returns which are recorded in Equity income from affiliates.\nSuch returns include a priority return provided for in the Partnership Agreement, a preferential return representing Merck’s share of undistributed AZLP GAAP earnings, and a variable return related to the Company’s 1% limited partner interest.\nThese returns aggregated $621 million, $574 million and $546 million in 2012, 2011 and 2010, respectively.\nIn conjunction with the 1998 restructuring discussed above, Astra purchased an option (the “Asset Option”) for a payment of $443 million, which was recorded as deferred income, to buy Merck’s interest in the KBI products, excluding the gastrointestinal medicines Nexium and Prilosec (the “Non-PPI Products”).\nIn April 2010, AstraZeneca exercised the Asset Option.\nMerck received $647 million from AstraZeneca representing the net present value as of March 31, 2008 of projected future pretax revenue to be received by Merck from the Non-PPI Products, which was recorded as a reduction to the Company’s investment in AZLP.\nThe Company recognized the $443 million of deferred income in 2010 as a component of Other (income) expense, net.\nIn addition, in 1998, Merck granted Astra an option to buy Merck’s common stock interest in KBI and, through it, Merck’s interest in Nexium and Prilosec as well as AZLP, exercisable in 2012.\nIn June 2012, Merck and AstraZeneca amended the 1998 option agreement.\nThe updated agreement eliminated AstraZeneca’s option to acquire Merck’s interest in KBI in 2012 and provides AstraZeneca a new option to acquire Merck’s interest in KBI in June 2014.\nAs a result of the amended agreement, Merck continues to record supply sales and equity income from the partnership.\nIn 2014, AstraZeneca has the option to purchase Merck’s interest in KBI based in part on the value of Merck’s interest in Nexium and Prilosec.\nAstraZeneca’s option is exercisable between March 1, 2014 and April 30, 2014.\nIf AstraZeneca chooses to exercise this option, the closing date is expected to be June 30, 2014.\nUnder the amended agreement, AstraZeneca will make a payment to Merck upon closing of $327 million, reflecting an estimate of the fair value of Merck’s interest in Nexium and Prilosec.\nThis portion of the exercise price is subject to a true-up in 2018 based on actual sales from closing in 2014 to June 2018.\nThe exercise price will also include an additional amount equal to a multiple of ten times Merck’s average 1% annual profit allocation in the partnership for the three years prior to exercise.\nThe Company believes that it is likely that AstraZeneca will exercise its option in 2014.\nIf AstraZeneca exercises its option, the Company will no longer record equity income from AZLP and supply sales to AZLP will decline substantially."}
{"_id": "d8ed317be", "title": "", "text": "Residential mortgage  Residential mortgage loans represent loans to consumers for the purchase or refinance of a residence.\nThese loans are generally financed over a 15-year to 30-year term, and in most cases, are extended to borrowers to finance their primary residence.\nApplications are underwritten centrally using consistent credit policies and processes.\nAll residential mortgage loan decisions utilize a full appraisal for collateral valuation.\nHuntington has not originated or acquired residential mortgages that allow negative amortization or allow the borrower multiple payment options."}
{"_id": "d8c3c0024", "title": "", "text": "(1) Reflects equivalent ratings for investments of the international insurance operations that are not rated by U. S.  insurance regulatory authorities.\n(2) Includes, as of December 31, 2006 and December 31, 2005, respectively, 10 securities with amortized cost of $50 million (fair value, $51 million) and 18 securities with amortized cost of $146 million (fair value, $147 million) that have been categorized based on expected NAIC designations pending receipt of SVO ratings.\n(3) Includes $22 million of gross unrealized gains and $47 million gross unrealized losses as of December 31, 2006, compared to $29 million of gross unrealized gains and $51 million of gross unrealized losses as of December 31, 2005 on securities classified as held to maturity that are not reflected in other comprehensive income.\nThe following table sets forth our public fixed maturity portfolios by NAIC rating attributable to the Closed Block Business as of the dates indicated."}
{"_id": "d87f8a3e6", "title": "", "text": "| (in millions) December 31, 2013 Net Inflows (Outflows) Market Change FX Impact December 31, 2014 | Equity: | Active | iShares | Non-ETF index | Equity subtotal | Fixed income: | Active | iShares | Non-ETF index | Fixed income subtotal | Multi-asset class | Alternatives: | Core | Currency and commodities | Alternatives subtotal | Long-term | Cash management | Advisory | Total AUM |"}
{"_id": "d87ea49c2", "title": "", "text": "| 2016 2015 2014 | Smokeable products | Smokeless products | Wine | All other | Total |"}
{"_id": "d8eaff496", "title": "", "text": "NOTE 18 RETIREMENT PLANS International Paper sponsors and maintains the Retirement Plan of International Paper Company (the Pension Plan), a tax-qualified defined benefit pension plan that provides retirement benefits to substantially all U. S.  salaried employees and hourly employees (receiving salaried benefits) hired prior to July 1, 2004, and substantially all other U. S.  hourly and union employees who work at a participating business unit regardless of hire date.\nThese employees generally are eligible to participate in the Pension Plan upon attaining 21 years of age and completing one year of eligibility service.\nU. S.  salaried employees and hourly employees (receiving salaried benefits) hired after June 30, 2004 are not eligible to participate in the Pension Plan, but receive a company contribution to their individual savings plan accounts (see Other U. S.  Plans); however, salaried employees hired by Temple Inland prior to March 1, 2007 or Weyerhaeuser Company's Cellulose Fibers division prior to December 1, 2011 also participate in the Pension Plan.\nThe Pension Plan provides defined pension benefits based on years of credited service and either final average earnings (salaried employees and hourly employees receiving salaried benefits), hourly job rates or specified benefit rates (hourly and union employees).\nliabilities and related insurance receivables where applicable, or make such estimates for matters previously not susceptible of reasonable estimates, such as a significant judicial ruling or judgment, significant settlement, significant regulatory development or changes in applicable law.\nA future adverse ruling, settlement or unfavorable development could result in future charges that could have a material adverse effect on the Companys results of operations or cash flows in any particular period.\nA specific factor that could increase the Companys estimate of its future asbestos-related liabilities is the pending Congressional consideration of legislation to reform asbestosrelated litigation and pertinent information derived from that process.\nFor a more detailed discussion of the legal proceedings involving the Company and associated accounting estimates, see the discussion in Note 11 to the Consolidated Financial Statements of this Annual Report on Form 10-K.\nItem 1B.\nUnresolved Staff Comments.\nNone.\nItem 2.\nProperties.3Ms general offices, corporate research laboratories, and certain division laboratories are located in St.  Paul, Minnesota.\nIn the United States, 3M has 15 sales offices in 12 states and operates 59 manufacturing facilities in 23 states.\nInternationally, 3M has 173 sales offices.\nThe Company operates 80 manufacturing and converting facilities in 29 countries outside the United States.3M owns substantially all of its physical properties.3Ms physical facilities are highly suitable for the purposes for which they were designed.\nBecause 3M is a global enterprise characterized by substantial intersegment cooperation, properties are often used by multiple business segments.\nItem 3.\nLegal Proceedings.\nDiscussion of legal matters is incorporated by reference from Part II, Item 8, Note 11, Commitments and Contingencies, of this document, and should be considered an integral part of Part I, Item 3, Legal Proceedings.\nItem 4.\nSubmission of Matters to a Vote of Security Holders.\nNone in the quarter ended December 31, 2005.\nPART II Item 5.\nMarket for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.\nEquity compensation plans information is incorporated by reference from Part III, Item 12, Security Ownership of Certain Beneficial Owners and Management, of this document, and should be considered an integral part of Item 5.\nAt January 31, 2006, there were approximately 125,823 shareholders of record.3Ms stock is listed on the New York Stock Exchange, Inc.  (NYSE), Pacific Exchange, Inc. , Chicago Stock Exchange, Inc. , and the SWX Swiss Exchange.\nCash dividends declared and paid totaled $.42 per share for each quarter of 2005, and $.36 per share for each quarter of 2004.\nStock price comparisons follow:"}
{"_id": "d8c2d5ef2", "title": "", "text": "| 2003 Entergy  Arkansas Entergy  Gulf States Entergy  Louisiana Entergy  Mississippi Entergy  New Orleans System  Energy | (In Thousands) | Deferred and Long-term Accrued Tax Liabilities: | Net regulatory assets/(liabilities) | Plant-related basis differences, net | Power purchase agreements | Deferred fuel | Long term taxes accrued | Other | Total | Deferred Tax Assets: | Accumulated deferred investment | tax credit | Sale and leaseback | NOL carryforward | Unbilled/Deferred revenues | Pension-related items | Reserve for regulatory adjustments | Rate refund | Customer deposits | Nuclear decommissioning | Other | Total | Net deferred tax liability |"}
{"_id": "d8a1179f0", "title": "", "text": "| Year ended December 31, | 2007 | (in millions) | Operating results: | Revenues | Benefits and expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments(1) | Income from continuing operations before income taxes and equity in earnings of operating joint ventures | Year ended December 31, | 2007 | (in millions) | U.S. GAAP results: | Revenues | Benefits and expenses | Income from continuing operations before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d85e79792", "title": "", "text": "| December 31, | 2009 | Estimated | Fair | Value | (In millions) | By collateral type: | Credit card loans | Student loans | RMBS backed bysub-primemortgage loans | Automobile loans | Other loans | Total | Portion rated Aaa/AAA -1 | Portion rated NAIC 1 -2 | RMBS backed bysub-primemortgage loans — portion credit enhanced by financial guarantor insurers | Of the 37.6% and 37.2% credit enhanced, the financial guarantor insurers were rated as follows: | By financial guarantor insurers rated Aa/AA | By financial guarantor insurers rated A | By financial guarantor insurers rated Baa/BBB | December 31, 2009 | Aaa | Cost or | Amortized | Cost | (In millions) | 2003 & Prior | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | Total | Ratings Distribution |"}
{"_id": "d82bda0d4", "title": "", "text": "| Years Ended December 31, | 2008 | (In millions) | Revenues | Premiums | Universal life and investment-type product policy fees | Net investment income | Other revenues | Net investment gains (losses) | Total revenues | Expenses | Policyholder benefits and claims and policyholder dividends | Interest credited to policyholder account balances | Interest credited to bank deposits | Capitalization of DAC | Amortization of DAC and VOBA | Interest expense | Other expenses | Total expenses | Income before provision for income tax | Provision for income tax expense (benefit) | Income (loss) from continuing operations, net of income tax | Income (loss) from discontinued operations, net of income tax | Net income (loss) | Less: Net income (loss) attributable to noncontrolling interests | Net income (loss) attributable to MetLife, Inc. | Less: Preferred stock dividends | Net income (loss) available to MetLife, Inc.’s common shareholders |"}
{"_id": "d817f6306", "title": "", "text": "| 2013 2012 2011 | Numerator: | Net income | Denominator: | Weighted-average shares outstanding | Effect of dilutive securities | Weighted-average diluted shares | Basic earnings per share | Diluted earnings per share |"}
{"_id": "d82990b7a", "title": "", "text": "| 2016 2015 2014 | Sales | Operating loss | Adjusted EBITDA |"}
{"_id": "d8955b986", "title": "", "text": "| Years ended December 31, | (Millions of dollars) | Balance at January 1, | Additions for tax positions related to current year | Additions for tax positions related to prior years | Reductions for tax positions related to prior years | Reductions for settlements2 | Reductions for expiration of statute of limitations | Balance at December 31, | Amount that, if recognized, would impact the effective tax rate |"}
{"_id": "d8130c5ca", "title": "", "text": "| Payment Due by Period | As of December 31, 2015 (in millions) | Debtobligations(a) | Capital lease obligations | Operating lease obligations | Purchaseobligations(b) | Other long-term liabilities reflected on the balance sheet(c) | Total(d)(e) |"}
{"_id": "d8a779f0a", "title": "", "text": "The commercial paper of the Companies is rated P-2, A-2 and F2, respectively, by Moodys, S&P and Fitch.\nCon Edisons longterm credit rating is Baa1, BBB+ and BBB+, respectively, by Moodys, S&P and Fitch.\nThe unsecured debt of CECONY is rated A3, A- and A-, respectively, by Moodys, S&P and Fitch.\nThe unsecured debt of O&R is rated Baa1, A- and A-, respectively, by Moodys, S&P and Fitch.\nSecurities ratings assigned by rating organizations are expressions of opinion and are not recommendations to buy, sell or hold securities.\nA securities rating is subject to revision or withdrawal at any time by the assigning rating organization.\nEach rating should be evaluated independently of any other rating.\nCECONY has $636 million of tax-exempt debt for which the interest rates are to be determined pursuant to periodic auctions.\nOf this amount, $391 million is insured by Ambac Assurance Corporation and $245 million is insured by Syncora Guarantee Inc.  (formerly XL Capital Assurance Inc. ).\nCredit rating agencies have either downgraded the ratings of these insurers from AAA to lower levels or withdrawn the ratings.\nSubsequently, there have not been sufficient bids to determine the interest rates pursuant to auctions, and interest rates have been determined by reference to a variable rate index.\nThe weighted average annual interest rate on this tax-exempt debt was 0.20 percent on December 31, 2011.\nThe\nof hazardous substances in and around the Gowanus Canal will be between $466.7 million and $503.7 million, and indicated that the cost could be significantly higher.\nCECONY is unable to predict its exposure to liability with respect to the Gowanus Canal site.\nOther Superfund Sites CECONY is a potentially responsible party (PRP) with respect to other Superfund sites where there are other PRPs and where it is generally not responsible for managing the site investigation and remediation.\nWork at these sites is in various stages, with the company participating in PRP groups at some of the sites.\nInvestigation, remediation and monitoring at some of these sites have been, and are expected to continue to be, conducted over extended periods of time.\nThe company does not believe that it is reasonably likely that monetary sanctions, such as penalties, will be imposed upon it by any governmental authority with respect to these sites.\nThe following table lists each of CECONYs other Superfund sites for which the company anticipates it may have a liability.\nThe table also shows for each such site, its location, the year in which the company was designated or alleged to be a PRP or to otherwise have responsibilities with respect to the site (shown in the table under Start), the name of the court or agency in which proceedings with respect to the site are pending and CECONYs estimated percentage of total liability for each site.\nThe company currently estimates that its potential liability for investigation, remediation, monitoring and environmental damages at each site is less than $0.2 million, with the exception of the Cortese Landfill site, for which the estimate is $1 million, and the Curcio Scrap Metal site, for which the estimate is $0.2 million.\nSuperfund liability is joint and several.\nThe companys estimate of its liability for each site was determined pursuant to consent decrees, settlement agreements or otherwise and in light of the financial condition of other PRPs.\nThe companys actual liability could differ substantially from amounts estimated."}
{"_id": "d8ee543b2", "title": "", "text": "| U.S. Dollars Australian Dollars British Pound Sterling | Fiscal year ended June 30, 2016 | Revenues | Operating and Selling, general, and administrative expenses | Fiscal year ended June 30, 2015 | Revenues | Operating and Selling, general, and administrative expenses |"}
{"_id": "d89f60bd4", "title": "", "text": "| 2004 2003 2002 | (Dollars in millions) | Net sales | % change compared with prior year | Segment profit | % change compared with prior year |"}
{"_id": "d86d88d00", "title": "", "text": "| Water Infrastructure Applied Water Measurement & Control Solutions Total Xylem | (in millions) | 2016 Revenue | Organic Growth | Acquisitions/(Divestitures) | Constant Currency | Foreign currency translation (a) | Total change in revenue | 2017 Revenue |"}
{"_id": "d8ce91eda", "title": "", "text": "| 2013 Change2013 over 2012 2012 Change2012 over 2011 2011 | (In millions, except percentages) | Taiwan | China | Korea | Japan | Southeast Asia | Asia Pacific | United States | Europe | Total |"}
{"_id": "d8968e0f6", "title": "", "text": "The Companys federal tax returns for 2016 and 2017, and tax returns in certain states and foreign jurisdictions for 2008 through 2017 remain subject to examination by taxing authorities.\nAt December 31, 2017, the Company had federal net operating loss carry-forwards of $36 million, which expire in 2018 through 2037, state net operating loss carry-forwards of $579 million, which expire in 2018 through 2037, and foreign net operating loss carry-forwards of $486 million, $47 million of which expire in 2021 through 2037, and the remainder of which do not expire.7.\nEmployee Stock and Savings Plans Stock Plans The Company recognizes the fair value of share-based compensation awards granted to employees in cost of processing and services, cost of product, and selling, general and administrative expense in its consolidated statements of income.\nThe Companys share-based compensation primarily consists of the following: Stock Options  The Company grants stock options to employees and non-employee directors at exercise prices equal to the fair market value of the Companys stock on the dates of grant, which are typically in the first quarter of the year.\nStock options generally vest over a three-year period beginning on the first anniversary of the grant.\nAll stock options expire ten years from the date of the award.\nThe Company recognizes compensation expense for the fair value of the stock options over the requisite service period of the stock option award.\nRestricted Stock Units  The Company awards restricted stock units to employees and non-employee directors.\nThe Company recognizes compensation expense for restricted stock units based on the market price of the common stock on the date of award over the period during which the awards vest.\nRestricted stock units generally vest over a threeyear period beginning on the second anniversary of the award.\nPerformance Share Units  The Company awards performance share units to employees.\nThe number of shares issued at the end of the performance period is determined by the level of achievement of pre-determined earnings and revenue growth performance goals.\nThe Company recognizes the expense, which is determined by utilizing a probability assessment that the performance goals will be achieved, ratably over the requisite performance period of the award.\nEmployee Stock Purchase Plan  The Company maintains an employee stock purchase plan that allows eligible employees to purchase a limited number of shares of common stock each quarter through payroll deductions at 85% of the closing price of the Companys common stock on the last business day of each calendar quarter.\nThe Company recognizes compensation expense related to the 15% discount on the purchase date.\nShare-based compensation expense was $63 million in 2017, $68 million in 2016 and $65 million in 2015.\nShare-based compensation in 2017 and 2016 includes expense recognized on performance share units as management views the performance goals as probable of attainment.\nThe income tax benefits related to share-based compensation totaled $21 million, $23 million and $22 million in 2017, 2016 and 2015, respectively.\nAt December 31, 2017, the total remaining unrecognized compensation cost for unvested stock options, restricted stock units and performance share units, net of estimated forfeitures, of $64 million is expected to be recognized over a weighted-average period of 2.3 years.\nThe weighted-average estimated fair value of stock options granted during 2017, 2016 and 2015 was $37.53, $31.47 and $25.51 per share, respectively.\nThe fair values of stock options granted were estimated on the date of grant using a binomial option-pricing model with the following assumptions:"}
{"_id": "d8ebf394c", "title": "", "text": "(1) In 2008, volumes include the effect of crude oil sales in excess of volumes produced of 1 MBopd in West Africa.\nDuring 2007, crude oil sales volumes equaled volumes produced.\nIn 2006, volumes include the effect of crude oil sales in excess of volumes produced of 1 MBopd in West Africa and crude oil sales less than volumes produced of 1 MBopd in other international.\n(2) Average crude oil sales prices for the US reflect reductions of $22.06 per Bbl (2008), $13.68 per Bbl (2007), and $11.41 per Bbl (2006) from hedging activities.\nAverage crude oil sales prices for West Africa reflect reductions of $7.59 per Bbl (2008) and $2.19 per Bbl (2007) from hedging activities.\nWe did not hedge West Africa crude oil sales in 2006.\nAverage natural gas sales prices in the US reflect an increase of $0.23 per Mcf (2008), an increase of $1.12 per Mcf (2007), and a reduction of $0.25 per Mcf (2006) from hedging activities.\n(3) Average production costs include oil and gas operating costs, workover and repair expense, production and ad valorem taxes, and transportation expense.\n(4) Natural gas from the Alba field in Equatorial Guinea is under contract for $0.25 per MMBtu to a methanol plant, an LPG plant and an LNG plant.\nSales to these plants are based on a BTU equivalent and then converted to a dry gas equivalent volume.\nThe methanol and LPG plants are owned by affiliated entities accounted for under the equity method of accounting.\nThe volumes produced by the LPG plant are included in the crude oil information.\nThe price on an Mcf basis has been adjusted to reflect the Btu content of gas sales."}
{"_id": "d8e2b4b60", "title": "", "text": "| 12/9/2013 12/31/2013 12/31/2014 | American Airlines Group Inc. | Amex Airline Index | S&P 500 |"}
{"_id": "d8237510a", "title": "", "text": "| (in millions) 2017 2016 2015 | Accrued liability for tobacco and health litigation items at beginning of year | Pre-tax charges for: | Tobacco and health judgments | Related interest costs | Agreement to resolve federalEngleprogeny cases | Agreement to resolveAspinallincluding relatedinterest costs | Agreement to resolveMiner | Payments | Accrued liability for tobacco and health litigation items atend of year |"}
{"_id": "d8b1baa0a", "title": "", "text": "| In millions AggregateAssets Aggregate Liabilities PNC Risk of Loss | December 31, 2008 | Market Street | Collateralized debt obligations | Partnership interests in tax credit investments (b) (c) (d) | Total (c) | December 31, 2007 | Market Street | Collateralized debt obligations | Partnership interests in low income housing projects | Total |"}
{"_id": "d868c1696", "title": "", "text": "| U.S. Dollars Australian Dollars British Pound Sterling | Fiscal year ended June 30, 2019 | Revenues | Operating and Selling, general and administrative expenses | Fiscal year ended June 30, 2018 | Revenues | Operating and Selling, general and administrative expenses |"}
{"_id": "d883f92a6", "title": "", "text": "| 2018 2017 2016 | Net cash provided by (used in) | Operating Activities | Investing Activities | Financing Activities |"}
{"_id": "d8695f7e2", "title": "", "text": "| Name Power Plant Type Base/Peak/Intermediate Base Base Power Pool/Location ISO-NE/New Hampshire ECAR/Michigan Aggregate Capacity (in MW) 525 29(b) | Newington(a) | ADA | Total Base Capacity | GENOR | CEEMI | Lakewood | Total Intermediate Capacity | CEEMI | Ocean Peaking | Rock Springs | Total Peaking Capacity | Total Capacity |"}
{"_id": "d8da2d5d2", "title": "", "text": "| December 31, 2006 December 31, 2005 | Financial Services Businesses | Gross Carrying Value | ($ in millions) | Commercial loans by region: | U.S. Regions: | Pacific | South Atlantic | Middle Atlantic | East North Central | West South Central | Mountain | West North Central | New England | East South Central | Subtotal—U.S. | Asia | Other | Total Commercial Loans | December 31, 2006 | Financial Services Businesses | Gross Carrying Value | ($ in millions) | Commercial loans by property type: | Industrial buildings | Office buildings | Apartment complexes | Other | Retail stores | Agricultural properties | Residential properties | Subtotal of collateralized loans | Uncollateralized loans | Total Commercial Loans |"}
{"_id": "d87ef3fcc", "title": "", "text": "| Year Ended December 31, 2013 2012 2011 | Issuances of debt | Payments of debt | Issuances of stock | Purchases of stock for treasury | Dividends | Other financing activities | Net cash provided by (used in) financing activities |"}
{"_id": "d8744515c", "title": "", "text": "| 2004 2003 2002 | Net sales | Cost of sales | Gross margin | Gross margin percentage |"}
{"_id": "d8d930c10", "title": "", "text": "| Year Ended December 31 | ($ in millions, except per share amounts) | Sales and service revenues | Goodwill impairment | Operating income (loss) | Net earnings (loss) | Total assets | Long-term debt-1 | Total long-term obligations | Net cash provided by (used in) operating activities | Free cash flow-2 | Dividends declared per share | Basic earnings (loss) per share | Diluted earnings (loss) per share |"}
{"_id": "d87abdaf2", "title": "", "text": "| Year Ended December 31, Percentage Change | 2010 | (in millions) | Compensation and benefits | Marketing and advertising | Depreciation and amortization | Professional and contract services | Computer operations and data communications | Occupancy | Regulatory | Merger and strategic initiatives | General, administrative and other | Total operating expenses |"}
{"_id": "d8e8c64d6", "title": "", "text": "| Year Weighted-AverageSupply ofBerthsMarketedGlobally-1 Royal Caribbean Cruises Ltd. Total Berths GlobalCruiseGuests-1 North AmericanCruiseGuests-2 EuropeanCruiseGuests -3 | 2009 | 2010 | 2011 | 2012 | 2013 |"}
{"_id": "d86a58c20", "title": "", "text": "HPL Technologies, Inc.  (HPL) The Company acquired HPL on December 7, 2005 in an all-cash transaction.\nReasons for the Acquisition.\nThe Company believes that the acquisition of HPL will help solidify the Company’s position as a leading electronic design automation vendor in design for manufacturing (DFM)"}
{"_id": "d890e03b6", "title": "", "text": "| Years Ended November 30, | (In thousands) | East: | Sales of homes | Cost of homes sold | Gross margins on home sales | Central: | Sales of homes | Cost of homes sold | Gross margins on home sales | West: | Sales of homes | Cost of homes sold | Gross margins on home sales | Southeast Florida: | Sales of homes | Cost of homes sold | Gross margins on home sales | Houston: | Sales of homes | Cost of homes sold | Gross margins on home sales | Other | Sales of homes | Cost of homes sold | Gross margins on home sales | Total gross margins on home sales |"}
{"_id": "d87fed8b0", "title": "", "text": "| (Dollars in millions) 2012 2011 2010 2009 2008 | Loan and allowance ratios: | Loans and leases outstanding at December 31-6 | Allowance for loan and lease losses as a percentage of total loans and leases outstanding at December 31-6 | Consumer allowance for loan and lease losses as a percentage of total consumer loans outstanding at December 31-7 | Commercial allowance for loan and lease losses as a percentage of total commercial loans and leases outstanding at December 31-8 | Average loans and leases outstanding-6 | Net charge-offs as a percentage of average loans and leases outstanding-6, 9 | Net charge-offs and PCI write-offs as a percentage of average loans and leases outstanding-6, 10 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases at December 31-6, 11 | Ratio of the allowance for loan and lease losses at December 31 to net charge-offs-9 | Ratio of the allowance for loan and lease losses at December 31 to net charge-offs and PCI write-offs-10 | Amounts included in the allowance for loan and lease losses that are excluded from nonperforming loans and leases at December 31-12 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases, excluding amounts included in the allowance for loan and lease losses that are excluded from nonperforming loans and leases at December 31-12 | Loan and allowance ratios excluding PCI loans and the related valuation allowance:-13 | Allowance for loan and lease losses as a percentage of total loans and leases outstanding at December 31-6 | Consumer allowance for loan and lease losses as a percentage of total consumer loans outstanding at December 31-7 | Net charge-offs as a percentage of average loans and leases outstanding-6 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases at December 31-6, 11 | Ratio of the allowance for loan and lease losses at December 31 to net charge-offs |"}
{"_id": "d888ea972", "title": "", "text": "Note N – Stock-Based Compensation The Companies provide stock-based compensation in the form of stock options, restricted stock units and contributions to a stock purchase plan.\nStock Options The Stock Option Plan (the 1996 Plan) provided for awards of stock options to officers and employees for up to 10 million shares of the common stock.\nThe Long Term Incentive Plan (LTIP) among other things, provides for awards of restricted stock units to officers, stock options to employees and deferred stock units to Con Edison’s non-officer directors for up to 10 million shares of common stock (of which not more than four million shares may be restricted stock or stock units).\nStock options generally vest over a three-year period and have a term of ten years.\nOptions are granted at an exercise price equal to the fair market value of a common share when the option was"}
{"_id": "d88127cc6", "title": "", "text": "| Actual Estimate | (Millions of Dollars) | CECONY (a)(b) | Electric | Gas | Steam | Sub-total | O&R | Electric | Gas | Sub-total | Con Edison Transmission | CET Electric | CET Gas | Sub-total | Clean Energy Businesses | Total capital expenditures | Retirement of long-term securities | Con Edison – parent company | CECONY | O&R | Clean Energy Businesses | Total retirement of long-term securities | Total capital requirements |"}
{"_id": "d8aed1a0a", "title": "", "text": "| 2013 2012 2011 | Balance at beginning of year | Liabilities assumed in the acquisitions of PXP and MMRa | Liabilities incurred | Settlements and revisions to cash flow estimates, net | Accretion expense | Spending | Other | Balance at end of year | Less: current portion | Long-term portion |"}
{"_id": "d8e083314", "title": "", "text": "REGENERON PHARMACEUTICALS, INC.  NOTES TO FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2009, 2008, and 2007 (Unless otherwise noted, dollars in thousands, except per share data) At December 31, 2009 and 2008, marketable securities included an additional unrealized gain of $1.4 million and an additional unrealized loss of $0.4 million, respectively, related to one equity security in the Companys marketable securities portfolio.\nThe following table shows the fair value of the Companys marketable securities that have unrealized losses and that are deemed to be only temporarily impaired, aggregated by investment category and length of time that the individual securities have been in a continuous unrealized loss position, at December 31, 2009 and 2008.\nThe debt securities listed at December 31, 2009 mature at various dates through December 2011."}
{"_id": "d842c8dd6", "title": "", "text": "| As of December 31, | 2012 | (In thousands) | Balance Sheet Data:-8 | Cash and cash equivalents (including restricted cash)(9) | Property and equipment, net | Total assets | Long-term obligations, including current portion | Total American Tower Corporation equity |"}
{"_id": "d86439e02", "title": "", "text": "| Gold or Copper Produced Costs Applicable to Sales-1 Depreciation and Amortization All-In Sustaining Costs-2 | 2018 | GOLD | Boddington | Tanami | Kalgoorlie | Total / Weighted Average-3 | COPPER | Boddington | COPPER | Boddington |"}
{"_id": "d883919a8", "title": "", "text": "| Criticized Commercial Loans | In millions | December 31, 2011 | Commercial | Commercial real estate | Equipment lease financing | Purchased impaired loans | Total commercial lending (f) | December 31, 2010 | Commercial | Commercial real estate | Equipment lease financing | Purchased impaired loans | Total commercial lending (f) |"}
{"_id": "d8c756cba", "title": "", "text": "The following table summarizes information regarding stock options outstanding as of December 31, 2005:"}
{"_id": "d8207429e", "title": "", "text": "During 2008, the Company moved certain of its operations in New York from Long Island City to New York City.\nAs a result of this movement of operations and current market conditions, which precluded the Companys immediate and complete sublet of all unused space in both Long Island City and New York City, the Company incurred a lease impairment charge of $38 million which is included within other expenses in Banking, Corporate & Other.\nThe impairment charge was determined based upon the present value of the gross rental payments less sublease income discounted at a risk-adjusted rate over the remaining lease terms which range from 15-20 years.\nThe Company has made assumptions with respect to the timing and amount of future sublease income in the determination of this impairment charge.\nDuring 2009, pending sublease deals were impacted by the further decline of market conditions, which resulted in an additional lease impairment charge of $52 million.\nSee Note 19 for discussion of $28 million of such charges related to restructuring.\nAdditional impairment charges could be incurred should market conditions deteriorate further or last for a period significantly longer than anticipated.\nCommitments to Fund Partnership Investments The Company makes commitments to fund partnership investments in the normal course of business.\nThe amounts of these unfunded commitments were $4.1 billion and $4.5 billion at December 31, 2009 and 2008, respectively.\nThe Company anticipates that these amounts will be invested in partnerships over the next five years.\nMortgage Loan Commitments The Company has issued interest rate lock commitments on certain residential mortgage loan applications totaling $2.7 billion and $8.0 billion at December 31, 2009 and 2008, respectively.\nThe Company intends to sell the majority of these originated residential mortgage loans.\nInterest rate lock commitments to fund mortgage loans that will be held-for-sale are considered derivatives and their estimated fair value and notional amounts are included within interest rate forwards in Note 4.\nThe Company also commits to lend funds under certain other mortgage loan commitments that will be held-for-investment.\nThe amounts of these mortgage loan commitments were $2.2 billion and $2.7 billion at December 31, 2009 and 2008, respectively.\nCommitments to Fund Bank Credit Facilities, Bridge Loans and Private Corporate Bond Investments The Company commits to lend funds under bank credit facilities, bridge loans and private corporate bond investments.\nThe amounts of these unfunded commitments were $1.3 billion and $1.0 billion at December 31, 2009 and 2008, respectively.\nGuarantees In the normal course of its business, the Company has provided certain indemnities, guarantees and commitments to third parties pursuant to which it may be required to make payments now or in the future.\nIn the context of acquisition, disposition, investment and other transactions, the Company has provided indemnities and guarantees, including those related to tax, environmental and other specific liabilities and other indemnities and guarantees that are triggered by, among other things, breaches of representations, warranties or covenants provided by the Company.\nIn addition, in the normal course of business, the Company provides indemnifications to counterparties in contracts with triggers similar to the foregoing, as well as for certain other liabilities, such as third-party lawsuits.\nThese obligations are often subject to time limitations that vary in duration, including contractual limitations and those that arise by operation of law, such as applicable statutes of limitation.\nIn some cases, the maximum potential obligation under the indemnities and guarantees is subject to a contractual limitation ranging from less than $1 million to $800 million, with a cumulative maximum of $1.6 billion, while in other cases such limitations are not specified or applicable.\nSince certain of these obligations are not subject to limitations, the Company does not believe that it is possible to determine the maximum potential amount that could become due under these guarantees in the future.\nManagement believes that it is unlikely the Company will have to make any material payments under these indemnities, guarantees, or commitments.\nIn addition, the Company indemnifies its directors and officers as provided in its charters and by-laws.\nAlso, the Company indemnifies its agents for liabilities incurred as a result of their representation of the Companys interests.\nSince these indemnities are generally not subject to limitation with respect to duration or amount, the Company does not believe that it is possible to determine the maximum potential amount that could become due under these indemnities in the future."}
{"_id": "d8d04d418", "title": "", "text": "| Year Ended December 31, | 2017 | Shares | $Share buybacks | Income tax withholding | Exercise cost | 33,868,356 |"}
{"_id": "d8d845eae", "title": "", "text": "Contractual Obligations The table below summarizes the future estimated cash payments related to certain contractual obligations as of December 31, 2016.\nThe estimated payments reflected in this table are based on management’s estimates and assumptions about these obligations.\nBecause these estimates and assumptions are necessarily subjective, the actual cash outflows in future periods will vary, possibly materially, from those reflected in the table.\nIn addition, we do not believe that our cash flow requirements can be adequately assessed based solely upon an analysis of these obligations, as the table below does not contemplate all aspects of our cash inflows, such as the level of cash flow generated by certain of our investments, nor all aspects of our cash outflows."}
{"_id": "d8703ffe4", "title": "", "text": "Table of Contents Our Certificate of Incorporation and Bylaws include anti-takeover provisions that may make it difficult for another company to acquire control of us or limit the price investors might be willing to pay for our stock.\nCertain provisions of our Certificate of Incorporation and Bylaws could delay the removal of incumbent directors and could make it more difficult to successfully complete a merger, tender offer, or proxy contest involving us.\nOur Certificate of Incorporation has provisions that give our Board the ability to issue preferred stock and determine the rights and designations of the preferred stock at any time without stockholder approval.\nThe rights of the holders of our common stock will be subject to, and may be adversely affected by, the rights of the holders of any preferred stock that may be issued in the future.\nThe issuance of preferred stock, while providing flexibility in connection with possible acquisitions and other corporate purposes, could have the effect of making it more difficult for a third party to acquire, or of discouraging a third party from acquiring, a majority of our outstanding voting stock.\nIn addition, the staggered terms of our board of directors could have the effect of delaying or deferring a change in control.\nIn addition, certain provisions of the Delaware General Corporation Law (DGCL), including Section 203 of the DGCL, may have the effect of delaying or preventing changes in the control or management of Illumina.\nSection 203 of the DGCL provides, with certain exceptions, for waiting periods applicable to business combinations with stockholders owning at least 15% and less than 85% of the voting stock (exclusive of stock held by directors, officers, and employee plans) of a company.\nThe above factors may have the effect of deterring hostile takeovers or otherwise delaying or preventing changes in the control or management of Illumina, including transactions in which our stockholders might otherwise receive a premium over the fair market value of our common stock."}
{"_id": "d8e2643f4", "title": "", "text": "MetLife, Inc.  Notes to the Consolidated Financial Statements  (Continued) At December 31, 2008, the Companys total amount of unrecognized tax benefits was $766 million and the total amount of unrecognized tax benefits that would affect the effective tax rate, if recognized, was $567 million.\nThe total amount of unrecognized tax benefits decreased by $74 million from December 31, 2007 primarily due to settlements reached with the IRS with respect to certain significant issues involving demutualization, leasing and tax credits offset by additions for tax positions of the current year.\nAs a result of the settlements, items within the liability for unrecognized tax benefits, in the amount of $153 million, were reclassified to current and deferred income tax payable, as applicable, of which $20 million was paid in 2008 and $133 million was paid in 2009.\nAt December 31, 2009, the Companys total amount of unrecognized tax benefits was $773 million and the total amount of unrecognized tax benefits that would affect the effective tax rate, if recognized, was $583 million.\nThe total amount of unrecognized tax benefits increased by $7 million from December 31, 2008 primarily due to additions for tax positions of the current and prior years offset by settlements reached with the IRS.\nSettlements with tax authorities amounted to $46 million, of which $44 million was reclassified to current income tax payable and paid in 2009 and $2 million reduced current income tax expense.\nThe Companys liability for unrecognized tax benefits may decrease in the next 12 months pending the outcome of remaining issues, taxexempt income and tax credits, associated with the 2000 to 2002 IRS audit.\nA reasonable estimate of decrease cannot be made at this time.\nHowever, the Company continues to believe that the ultimate resolution of the issues will not result in a material change to its consolidated financial statements, although the resolution of income tax matters could impact the Companys effective tax rate for a particular future period.\nA reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:"}
{"_id": "d8c7d2c0c", "title": "", "text": "| Fair value of plan assets at beginning of year $10,605 $11,098 $3,470 $3,574 | Actual return on plan assets | Acquisitions/(divestitures) | Employer contributions | Participants' contributions | Currency translation and other | ESOP debt impacts-4 | Benefit payments | FAIR VALUE OF PLAN ASSETS AT END OF YEAR | Reclassification of net obligation to held for sale liabilities | FUNDED STATUS |"}
{"_id": "d81be6600", "title": "", "text": "| 2018 2017 2016 | Total common shareholders' equity | Long-term debt and redeemable preferred stock at redemption value | Short-term debt and current portion of long-term debt | Total |"}
{"_id": "d89212b30", "title": "", "text": "| 2008 2007 2006 | Weighted average exercise price per share | Expected annual dividends per share | Expected life in years | Expected volatility | Risk-free interest rate | Weighted average grant date fair value of stock option awards granted |"}
{"_id": "d89477b8c", "title": "", "text": "| 2009 2008 2007 % Change 2009 v 2008 % Change 2008 v 2007 | Average train speed (miles per hour) | Average terminal dwell time (hours) | Average rail car inventory (thousands) | Gross ton-miles (billions) | Revenue ton-miles (billions) | Operating ratio | Employees (average) | Customer satisfaction index |"}
{"_id": "d896449ce", "title": "", "text": "| 2015 2014 | (in billions) | Beginning balance | Net flows-1 | Market appreciation (depreciation) and other(1) | Ending balance | Advisory wrap account assets ending balance-2 | Average advisory wrap account assets-3 |"}
{"_id": "d8c9b0844", "title": "", "text": "Money Market and Overdraft Lines of Credit The Company has certain uncommitted money market and overdraft lines of credit that are used from time to time for working capital purposes.\nAs of December 31, 2015 and 2014, there was no outstanding balance on Apaches lines of credit.\nUnsecured Committed Bank Credit Facilities In June 2015, the Company entered into a five-year revolving credit facility which matures in June 2020, subject to Apaches two, one-year extension options.\nThe facility provides for aggregate commitments of $3.5 billion (including a $750 million letter of credit subfacility), with rights to increase commitments up to an aggregate $4.5 billion.\nProceeds from borrowings may be used for general corporate purposes.\nApaches available borrowing capacity under this facility supports its commercial paper program.\nIn connection with entry into the $3.5 billion facility, Apache terminated $5.3 billion in commitments under existing credit facilities.\nAs of December 31, 2015, aggregate available borrowing capacity under this credit facility was $3.5 billion.\nAt the Companys option, the interest rate per annum for borrowings under the facility is either a base rate, as defined, plus a margin or the London Inter-bank Offered Rate (LIBOR), plus a margin.\nAt December 31, 2015, the margin over LIBOR was 1.0 percent.\nThe Company also pays quarterly a facility fee at per annum rate on total commitments, which at December 31, 2015 was 0.125 percent of the total $3.5 billion in commitments.\nThe margins and the facility fee vary based upon the Companys senior long-term debt rating.\nThe financial covenants of the credit facility require the Company to maintain an adjusted debt-to-capital ratio of not greater than 60 percent at the end of any fiscal quarter.\nFor purposes of this calculation, capital excludes the effects of non-cash write-downs, impairments, and related charges occurring after June 30, 2015.\nNegative covenants restrict the ability of the Company and its subsidiaries to create liens securing debt on its hydrocarbon-related assets, with exceptions for liens typically arising in the oil and gas industry, purchase money liens, liens on subsidiary assets located outside of the United States and Canada, and liens arising as a matter of law, such as tax and mechanics liens.\nThe Company also may incur liens on assets if debt secured thereby does not exceed 5 percent of the Companys consolidated assets, or approximately $940 million as of December 31, 2015.\nNegative covenants also restrict Apaches ability to merge with another entity unless it is the surviving entity, dispose of substantially all of its assets, and guarantee debt of non-consolidated entities in excess of the stated threshold.\nApache recorded non-cash after-tax write-downs of its proved oil and gas properties totaling $16.6 billion, $3.1 billion, and $541 million in 2015, 2014, and 2013, respectively.\nThe following table reflects write-downs by country:"}
{"_id": "d80f0a9e0", "title": "", "text": "The volume/weather variance is primarily due to an increase of 1,046 GWh, or 8%, in billed electricity usage in all sectors, primarily due to the effect of more favorable weather on the residential sector.\nGross operating revenues, fuel and purchased power expenses, and other regulatory charges (credits) Gross operating revenues increased primarily due to an increase of $22 million in power management rider revenue as the result of higher rates, the volume/weather variance discussed above, and an increase in Grand Gulf rider revenue as a result of higher rates and increased usage, offset by a decrease of $23.5 million in fuel cost recovery revenues due to lower fuel rates.\nFuel and purchased power expenses decreased primarily due to a decrease in deferred fuel expense as a result of prior over-collections, offset by an increase in the average market price of purchased power coupled with increased net area demand.\nOther regulatory charges increased primarily due to increased recovery of costs associated with the power management recovery rider.\nOther Income Statement Variances 2011 Compared to 2010 Other operation and maintenance expenses decreased primarily due to: x a $5.4 million decrease in compensation and benefits costs primarily resulting from an increase in the accrual for incentive-based compensation in 2010 and a decrease in stock option expense; and x the sale of $4.9 million of surplus oil inventory.\nThe decrease was partially offset by an increase of $3.9 million in legal expenses due to the deferral in 2010 of certain litigation expenses in accordance with regulatory treatment.\nTaxes other than income taxes increased primarily due to an increase in ad valorem taxes due to a higher 2011 assessment as compared to 2010, partially offset by higher capitalized property taxes as compared with prior year.\nDepreciation and amortization expenses increased primarily due to an increase in plant in service.\nInterest expense decreased primarily due to a revision caused by FERC’s acceptance of a change in the treatment of funds received from independent power producers for transmission interconnection projects."}
{"_id": "d8e361a40", "title": "", "text": "HOW WE MEASURE OUR PRODUCT We report Timberlands data in cubic meters.\nCubic meters measure the total volume of wood fiber in a tree or log that we can sell.\nCubic meter volume is determined from the large- and small-end diameters and length and provides a more consistent and comparative measure of timber and log volume among operating regions, species, size and seasons of the year than other units of measure.\nWe also use two other units of measure when transacting business including: ?thousand board feet (MBF) — used in the West to measure the expected lumber recovery from a tree or log, but it does not include taper or recovery of nonlumber residual products; and ?green tons — used in the South to measure weight, but factors used for conversion to product volume can vary by species, size, location and season.\nBoth measures are accurate in the regions where they are used, but they do not provide a meaningful basis for comparisons between the regions.\nThe conversion rate for MBF to cubic meters varies based on several factors including diameter, length and taper of the timber.\nThe average conversion rate for MBF to cubic meters is approximately 6.7 cubic meters per MBF.\nThe conversion rate from green tons to cubic meters also varies based on the season harvested and the specific gravity of the wood for the region where the timber is grown.\nAn average conversion rate for green tons to cubic meters is approximately 0.825 cubic meters per green ton.\nWHERE WE DO IT Our timberlands assets are located primarily in North America.\nIn the U. S.  we own and manage sustainable forests in nine states for use in wood products and pulp and paper manufacturing.\nWe own or lease: ?4.1 million acres in the southern U. S.  (Alabama, Arkansas, Louisiana, Mississippi, North Carolina, Oklahoma and Texas); and ?2.0 million acres in the Pacific Northwest (Oregon and Washington).\nOur international operations are located primarily in Uruguay and China where, as of December 31, 2010, we own a total of 317,000 acres and have long-term leases on another 70,000 acres.\nIn addition, we have renewable, long-term licenses on 14.0 million acres of forestland owned by the provincial government of four Canadian provinces.\nOur total timber inventory — including timber on owned and leased land in our U. S.  and international operations — is approximately 303 million cubic meters.\nThe timber inventory on licensed lands in Canada is approximately 371 million cubic meters.\nThe amount of timber inventory does not translate into an amount of lumber or panel products because the quantity of end products: ?varies according to the species, size and quality of the timber; and ?will change through time as the mix of these variables adjust.\nThe species, size and grade of the trees affects the relative value of our timberlands.\nDISCUSSION OF OPERATIONS BY GEOGRAPHY Summary of 2010 Timber Inventory and Timberland Locations United States"}
{"_id": "d8b477b44", "title": "", "text": "SERVICE AND PRODUCT OFFERINGS – In addition to our retail offices, we offer a number of digital tax preparation alternatives.\nBy offering professional and do-it-yourself tax preparation options through multiple channels, we seek to serve our clients in the manner they choose to be served.\nWe also offer clients a number of options for receiving their income tax refund, including a check directly from the IRS, an electronic deposit directly to their bank account, a prepaid debit card or a RAC.\nSoftware Products.\nWe develop and market H&R Block At HomeTM income tax preparation software.\nH&R Block At HomeTM offers a simple step-by-step tax preparation interview, data imports from money management"}
{"_id": "d86eac65a", "title": "", "text": "| Years Ended December 31 2009 2008 2007 | Sales | Materials and production costs | Other expense, net | Income before taxes | December 31 | Current assets | Noncurrent assets | Total liabilities (all current) |"}
{"_id": "d8a4cf110", "title": "", "text": "| Year Ended December 31, | 2011 | Revenues | Net income | Net income applicable to HCP, Inc. | Basic earnings per common share | Diluted earnings per common share |"}
{"_id": "d8cdd40e2", "title": "", "text": "Contractual Obligations The following table presents payments due by period for long-term contractual obligations as of December 31, 2007:"}
{"_id": "d8dde1f16", "title": "", "text": "| Number of Shares Repurchased -1 Average Price Per Share | October 1 through October 31 | November 1 through November 30 | December 1 through December 31 |"}
{"_id": "d8b611810", "title": "", "text": "| Interest Rate   Subsequent to | Scheduled | Face | Issuer | (In millions) | MetLife, Inc. | MetLife Capital Trust X -1 | MetLife Capital Trust IV -1 | MetLife, Inc. | $3,191 |"}
{"_id": "d8bf79902", "title": "", "text": "| In millions EstimatedFair Value $536 8 109 14 26 AverageRemainingUseful Life (at acquisitiondate) 12-17 years 5-10 years Indefinite 4-7 years 2 years | Asset Class: | Total |"}
{"_id": "d8291ab28", "title": "", "text": "| December 31, 2007 December 31, 2006 | Notional | Amount | (In millions) | Interest rate swaps | Interest rate floors | Interest rate caps | Financial futures | Foreign currency swaps | Foreign currency forwards | Options | Financial forwards | Credit default swaps | Synthetic GICs | Other | Total |"}
{"_id": "d89a14ffe", "title": "", "text": "| December 31, 2016 | (Dollars in thousands) | Commercial loans: | Software/internet | Hardware | Private equity/venture capital | Life science/healthcare | Premium wine | Other | Commercial loans | Real estate secured loans: | Premium wine | Consumer loans | Other | Real estate secured loans | Construction loans | Consumer loans | Total gross loans |"}
{"_id": "d8ef609ae", "title": "", "text": "Residential Mortgage Loans Held for Sale We have elected to account for certain residential mortgage loans originated for sale at fair value on a recurring basis.\nAs of December 31, 2009, all residential mortgage loans held for sale were at fair value.\nResidential mortgage loans are valued based on quoted market prices, where available, prices for other traded mortgage loans with similar characteristics, and purchase commitments and bid information received from market participants.\nThese loans are regularly traded in active markets and observable pricing information is available from market participants.\nThe prices are adjusted as necessary to include the embedded servicing value in the loans and to take into consideration the specific characteristics of certain loans that are priced based on the pricing of similar loans.\nThese adjustments represent unobservable inputs to the valuation but are not considered significant to the fair value of the loans.\nAccordingly, residential mortgage loans held for sale are classified as Level 2.\nAt December 31, 2009, residential mortgage loans held for sale for which we elected the fair value option had an aggregate fair value and outstanding principal balance of $1.0 billion.\nThroughout 2009, certain residential mortgage loans for which we elected the fair value option were subsequently reclassified to portfolio loans.\nChanges in fair value due to instrument-specific credit risk for 2009 was not material.\nAt December 31, 2009, residential mortgage loans held in portfolio had a total fair value of $88 million and a total outstanding principal balance of $104 million."}
{"_id": "d8bd97274", "title": "", "text": "Entergy Corporation and Subsidiaries Management's Financial Discussion and Analysis 14 Revenues and fuel and purchased power expenses decreased for Energy Commodity Services by $1,075.8 million and $876.9 million, respectively, in 2002 primarily due to:  a decrease of $542.9 million in revenues and $539.6 million in fuel and purchased power expenses resulting from the sale of Highland Energy in the fourth quarter of 2001;  a decrease of $161.7 million in revenues resulting from the sale of the Saltend plant in August 2001; and  a decrease of $139.1 million in revenues and $133.5 million in purchased power expenses due to the contribution of substantially all of Entergy's power marketing and trading business to Entergy-Koch in February 2001.\nEarnings from Entergy-Koch are reported as equity in earnings of unconsolidated equity affiliates in the financial statements.\nThe net income effect of the lower revenues was more than offset by the income from Entergys investment in Entergy-Koch.\nThe income from Entergys investment in Entergy-Koch was $31.9 million higher in 2002 primarily as a result of earnings at Entergy-Koch Trading (EKT) and higher earnings at Gulf South Pipeline due to more favorable transportation contract pricing.\nAlthough the gain/loss days ratio reported below declined in 2002, EKT made relatively more money on the gain days than the loss days, and thus had an increase in earnings for the year.\nFollowing are key performance measures for Entergy-Koch's operations for 2002 and 2001:"}
{"_id": "d8b0a1dda", "title": "", "text": "| Estimated % Change inNet Interest Income over 12 Months December 31, | Basis points | Instantaneous Change in Interest Rates | +200 | +100 | -100 | Gradual Change in Interest Rates | +200 | +100 | -100 |"}
{"_id": "d8826eddc", "title": "", "text": "| For the Year Ended December 31, | (Millions of Dollars, except per share amounts) | Operating revenues | Energy costs | Operating income | Net income | Total assets (f)(g) | Long-term debt (f) | Total equity | Net Income per common share – basic | Net Income per common share – diluted | Dividends declared per common share | Book value per share | Average common shares outstanding(millions) | Stock price low | Stock price high |"}
{"_id": "d8b8f36aa", "title": "", "text": "| Year Ended December 31 2009 2008 2007 | Nuclear-powered submarines | Surface combatants | Auxiliary and commercial ships | Repair and other services | Total Marine Systems |"}
{"_id": "d8f44f686", "title": "", "text": "Table of Contents Index to Financial Statements 19 approximately 91% of total proved reserves.\nThe reserves audit for 2014 included a detailed review of eight of our major fields and covered approximately 88% of total proved reserves.\nIn connection with the 2016 reserves audit, NSAI prepared its own estimates of our proved reserves.\nIn order to prepare its estimates of proved reserves, NSAI examined our estimates with respect to reserves quantities, future production rates, future net revenue, and the present value of such future net revenue.\nNSAI also examined our estimates with respect to reserves categorization, using the definitions for proved reserves set forth in Regulation S-X Rule 4-10(a) and subsequent SEC staff interpretations and guidance.\nIn the conduct of the reserves audit, NSAI did not independently verify the accuracy and completeness of information and data furnished by us with respect to ownership interests, crude oil and natural gas production, well test data, historical costs of operation and development, product prices, or any agreements relating to current and future operations of the fields and sales of production.\nHowever, if in the course of the examination something came to the attention of NSAI which brought into question the validity or sufficiency of any such information or data, NSAI did not rely on such information or data until it had satisfactorily resolved its questions relating thereto or had independently verified such information or data.\nNSAI determined that our estimates of reserves have been prepared in accordance with the definitions and regulations of the SEC, including the criteria of reasonable certainty, as it pertains to expectations about the recoverability of reserves in future years, under existing economic and operating conditions, consistent with the definition in Rule 4-10(a)(24) of Regulation S-X.\nNSAI issued an unqualified audit opinion on our proved reserves at December 31, 2016, based upon their evaluation.\nNSAI concluded that our estimates of proved reserves were, in the aggregate, reasonable and have been prepared in accordance with Standards Pertaining to the Estimating and Auditing of Oil and Gas Reserves Information promulgated by the Society of Petroleum Engineers.\nNSAIs report is attached as Exhibit 99.1 to this Annual Report on Form 10-K.\nWhen compared on a field-by-field basis, some of our estimates are greater and some are less than the estimates of NSAI.\nGiven the inherent uncertainties and judgments that go into estimating proved reserves, differences between internal and external estimates are to be expected.\nFor proved reserves at December 31, 2016, on a quantity basis, the NSAI field estimates ranged from 3.1 MMBoe or 2% above to 6 MMBoe or 7% below as compared with our estimates on a field-by-field basis.\nDifferences between our estimates and those of NSAI are reviewed for accuracy but are not further analyzed unless the aggregate variance is greater than 10%.\nReserves differences at December 31, 2016 were, in the aggregate, approximately 27.9 MMBoe, or 2%.\nProved Reserves We have historically added reserves through our exploration program, development activities, and acquisition of producing properties.\nChanges in proved reserves were as follows:"}
{"_id": "d8bc26ec6", "title": "", "text": "Table of Contents NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES, INC.\nIn certain transactions, including certain aircraft financing leases and loans, the lessors, lenders and/or other parties have rights to terminate the transaction based on changes in foreign tax law, illegality or certain other events or circumstances.\nIn such a case, American may be required to make a lump sum payment to terminate the relevant transaction.\nAmerican has general indemnity clauses in many of its airport and other real estate leases where American as lessee indemnifies the lessor (and related parties) against liabilities related to American’s use of the leased property.\nGenerally, these indemnifications cover liabilities resulting from the negligence of the indemnified parties, but not liabilities resulting from the gross negligence or willful misconduct of the indemnified parties.\nIn addition, American provides environmental indemnities in many of these leases for contamination related to American’s use of the leased property.\nUnder certain contracts with third parties, American indemnifies the third-party against legal liability arising out of an action by the third-party, or certain other parties.\nThe terms of these contracts vary and the potential exposure under these indemnities cannot be determined.\nAmerican has liability insurance protecting American for some of the obligations it has undertaken under these indemnities.\nAmerican is involved in certain claims and litigation related to its operations.\nAmerican is also subject to regulatory assessments in the ordinary course of business.\nAmerican establishes reserves for litigation and regulatory matters when those matters present loss contingencies that are both probable and can be reasonably estimated.\nIn the opinion of management, liabilities, if any, arising from these regulatory matters, claims and litigation will not have a material adverse effect on American’s consolidated financial position, results of operations, or cash flows, after consideration of available insurance.\nAs of December 31, 2015, American had issued guarantees covering AAG’s $750 million aggregate principal amount of 5.50% senior notes due 2019, $500 million aggregate principal amount of 6.125% senior notes due 2018 and $500 million aggregate principal amount of 4.625% senior notes due 2020.\n(h) Other As a result of the terrorist attacks of September 11, 2001 (the Terrorist Attacks) and the subsequent liability protections provided for by the Air Transportation Safety and System Stabilization Act (the Stabilization Act), American recorded a liability for the Terrorist Attacks claims equal to the related insurance receivable due to American.\nThe Stabilization Act provides that, notwithstanding any other provision of law, liability for all claims, whether compensatory or punitive, arising from the Terrorist Attacks, against any air carrier shall not exceed the liability coverage maintained by the air carrier.\nAs of December 31, 2015, the remaining liability and the amount of the offsetting receivable were each $974 million.14.\nSupplemental Cash Flow Information Supplemental disclosure of cash flow information and non-cash investing and financing activities are as follows (in millions):"}
{"_id": "d8b326b50", "title": "", "text": "| Functional Currency 2011 2010 | European Currencies | Chinese Renminbi | Canadian Dollar | Mexican Peso | Other | Total |"}
{"_id": "d8db94894", "title": "", "text": "| Comparable sales impact 0.2% | Non-comparable sales-1 | Total revenue decrease |"}
{"_id": "d8e2f5278", "title": "", "text": "As a result of time lags between the funding of investments, the finalization of legal documents and the completion of the SVO filing process, the fixed maturity portfolio generally includes securities that have not yet been rated by the SVO as of each balance sheet date.\nPending receipt of SVO ratings, the categorization of these securities by NAIC designation is based on the expected ratings indicated by internal analysis.\nInvestments of our international insurance companies are not subject to NAIC guidelines.\nInvestments of our Japanese insurance operations are regulated locally by the Financial Services Agency, an agency of the Japanese government.\nThe Financial Services Agency has its own investment quality criteria and risk control standards.\nOur Japanese insurance companies comply with the Financial Services Agency’s credit quality review and risk monitoring guidelines.\nThe credit quality ratings of the investments of our Japanese insurance companies are based on ratings assigned by nationally recognized credit rating agencies, including Moody’s, Standard & Poor’s, or rating equivalents based on ratings assigned by Japanese credit ratings agencies.\nThe amortized cost of our public and private fixed maturities attributable to the Financial Services Businesses considered other than high or highest quality based on NAIC or equivalent rating totaled $9.5 billion, or 7%, of the total fixed maturities as of December 31, 2009 and $9.0 billion, or 7%, of the total fixed maturities as of December 31, 2008.\nFixed maturities considered other than high or highest quality based on NAIC or equivalent rating represented 29% and 19% of the gross unrealized losses attributable to the Financial Services Businesses as of December 31, 2009 and December 31, 2008, respectively.\nThe increase in fixed maturity securities considered other than high or highest quality based on NAIC or equivalent rating is primarily due to credit migration on existing securities, rather than new originations or purchases.\nAs of December 31, 2009, the amortized cost of our public and private below investment grade fixed maturities attributable to the Financial Services Business, based on the lowest of external rating agency ratings, totaled $10.5 billion, or 8%, of the total fixed maturities, and may include securities considered high or highest quality by the NAIC based on the new rules for residential mortgage-backed securities described above.\nThe amortized cost of our public and private fixed maturities attributable to the Closed Block Business considered other than high or highest quality based on NAIC or equivalent rating totaled $6.7 billion, or 16%, of the total fixed maturities as of December 31, 2009 and $6.6 billion, or 15%, of the total fixed maturities as of December 31, 2008.\nFixed maturities considered other than high or highest quality based on NAIC or equivalent rating represented 41% of the gross unrealized losses attributable to the Closed Block Business as of December 31, 2009, compared to 29% of gross unrealized losses as of December 31, 2008.\nAs of December 31, 2009, the amortized cost of our public and private below investment grade fixed maturities attributable to the Closed Block Business, based on the lowest of external rating agency ratings, totaled $7.3 billion, or 17%, of the total fixed maturities, and may include securities considered high or highest quality by the NAIC based on the new rules for residential mortgage-backed securities described above."}
{"_id": "d8b0312a6", "title": "", "text": "| 2011 Period-to- Period Change 2010 Period-to- Period Change 2009 | Depreciation of tangible property and equipment | Amortization of landfill airspace | Amortization of intangible assets | $1,229 |"}
{"_id": "d8e1e3a2e", "title": "", "text": "| (In millions) Food Care Product Care Total | Gross Carrying Value at December 31, 2016 | Accumulated impairment | Carrying Value at December 31, 2016 | Acquisition and divestiture | Currency translation | Gross Carrying Value at December 31, 2017 | Accumulated impairment | Carrying Value at December 31, 2017 | Acquisition, purchase price and other adjustments | Currency translation | Gross Carrying Value at December 31, 2018 | Accumulated impairment | Carrying Value at December 31, 2018 | December 31, 2018 | (In millions) | Customer relationships | Trademarks and tradenames | Capitalized software | Technology | Contracts | Total intangible assets with definite lives | Trademarks and tradenames with indefinite lives | Total identifiable intangible assets, net |"}
{"_id": "d898645f6", "title": "", "text": "Risk monitoring and control Limits Market risk is controlled primarily through a series of limits set in the context of the market environment and business strategy.\nIn setting limits, the Firm takes into consideration factors such as market volatility, product liquidity and accommodation of client business and management experience.\nThe Firm maintains different levels of limits.\nCorporate level limits include VaR and stress limits.\nSimilarly, line of business limits include VaR and stress limits and may be supplemented by loss advisories, nonstatistical measurements and profit and loss drawdowns.\nLimits may also be allocated within the lines of business, as well at the portfolio level.\nLimits are established by Market Risk in agreement with the lines of business.\nLimits are reviewed regularly by Market Risk and updated as appropriate, with any changes approved by lines of business management and Market Risk.\nSenior management, including the Firms Chief Executive Officer and Chief Risk Officer, are responsible for reviewing and approving certain of these risk limits on an ongoing basis.\nAll limits that have not been reviewed within specified time periods by Market Risk are escalated to senior management.\nThe lines of business are responsible for adhering to established limits against which exposures are monitored and reported.\nLimit breaches are required to be reported in a timely manner by Risk Management to limit approvers, Market Risk and senior management.\nIn the event of a breach, Market Risk consults with Firm senior management and lines of business senior management to determine the appropriate course of action required to return to compliance, which may include a reduction in risk in order to remedy the excess.\nAny Firm or line of business-level limits that are in excess for three business days or longer, or that are over limit by more than 30%, are escalated to senior management and the Firmwide Risk Committee."}
{"_id": "d86389e1c", "title": "", "text": "| Business Location USA—IN USA—OH Fuel Coal/Gas/Oil Coal/Diesel/Solar Gross MW 3,699 3,817 AES Equity Interest (Percent, Rounded) 100% 100% Year Acquired or Began Operation 2001 2011 | 7,516 |"}
{"_id": "d89f4dc8c", "title": "", "text": "STOCKHOLDERS EQUITY As discussed in Note 2, we elected to early adopt new guidance related to accounting for employee share-based payments prospectively effective January 1, 2016.\nThe adoption of this new guidance resulted in the recognition of approximately $20 million of tax benefits in net income in our consolidated statement of income for the three months ended March 31, 2016 that had previously been recorded as additional paid-in capital in our consolidated balance sheet."}
{"_id": "d8f70d4cc", "title": "", "text": "| 2010 2009 2008 | Balance as of January 1, | Current year increases | Recoveries and other | Balance as of December 31, |"}
{"_id": "d8775a644", "title": "", "text": "Financial Instruments Cash Equivalents and Marketable Securities All highly liquid investments with maturities of three months or less at the date of purchase are classified as cash equivalents.\nThe Companys marketable debt and equity securities have been classified and accounted for as available-for-sale.\nManagement determines the appropriate classification of its investments at the time of purchase and reevaluates the designations at each balance sheet date.\nThe Company classifies its marketable debt securities as either short-term or long-term based on each instruments underlying contractual maturity date.\nMarketable debt securities with maturities of 12 months or less are classified as short-term and marketable debt securities with maturities greater than 12 months are classified as long-term.\nThe Company classifies its marketable equity securities, including mutual funds, as either short-term or long-term based on the nature of each security and its availability for use in current operations.\nThe Companys marketable debt and equity securities are carried at fair value, with the unrealized gains and losses, net of taxes, reported as a component of shareholders equity.\nThe cost of securities sold is based upon the specific identification method.\nDerivative Financial Instruments The Company accounts for its derivative instruments as either assets or liabilities and carries them at fair value.\nFor derivative instruments that hedge the exposure to variability in expected future cash flows that are designated as cash flow hedges, the effective portion of the gain or loss on the derivative instrument is reported as a component of accumulated other comprehensive income (AOCI) in shareholders equity and reclassified into income in the same period or periods during which the hedged transaction affects earnings.\nThe ineffective portion of the gain or loss on the derivative instrument, if any, is recognized in current income.\nTo receive hedge accounting treatment, cash flow hedges must be highly effective in offsetting changes to expected future cash flows on hedged transactions.\nFor options designated as cash flow hedges, changes in the time value are excluded from the assessment of hedge effectiveness and are recognized in income.\nFor derivative instruments that hedge the exposure to changes in the fair value of an asset or a liability and that are designated as fair value hedges, both the net gain or loss on the derivative instrument as well as the offsetting gain or loss on the hedged item attributable to the hedged risk are recognized in earnings in the current period.\nThe Company had no fair value"}
{"_id": "d8bc9fcb8", "title": "", "text": "2,067,643 shares of AIG common stock upon exercise of 14.\nStock Compensation Plans options expiring during 2006.\nIn addition, nonemployee Continued directors of AIG made valid elections to defer delivery of At January 1, 1999, the date of the AIG/SAI merger, SAI 21,093 shares of AIG common stock upon exercise of options had five stock-based compensation plans pursuant to which expiring during 2006.  options, restricted stock, and deferred share and share unit As a result of the acquisition of the Hartford Steam Boiler obligations had been issued and remained outstanding.\nOptions Inspection and Insurance Company (HSB) in November 2000, granted under these plans had an exercise price equal to the HSB options outstanding at the acquisition date were fully market price on the date of grant, had a maximum term of ten vested and were converted into options to purchase AIG years, and generally became exercisable ratably over a five-year common stock at the exchange ratio of 0.4178 shares of AIG period.\nSubstantially all of the SAI options outstanding at the common stock for each share of HSB common stock.\nNo merger date became fully vested on that date and were further options can be granted under the HSB option plans, converted into options to purchase AIG common stock at the but outstanding options so converted continue in force until exchange ratio of 0.855 shares of AIG common stock for each exercise or expiration.\nAt December 31, 2005, there were share of SAI common stock.\nNo further options can be granted 688,648 shares of AIG common stock reserved for issuance under the SAI plans, but outstanding options so converted under the HSB option plans, none of which qualified for ISO continue in force until exercise or expiration.\nAt December 31, Treatment.2005, there were 11,526,992 shares of AIG common stock At August 29, 2001, AGC had stock-based compensation reserved for issuance on exercise of options under these plans.\nplans pursuant to which options and restricted share units had None of these options qualified for ISO Treatment as of been issued and remained outstanding.\nOptions granted under December 31, 2005.  these plans had an exercise price equal to the market price on During 2005, 2004 and 2003, deferred share and share unit the date of the grant, had a maximum term of ten years, and obligations with respect to 1,895 shares, 1,895 shares and generally became exercisable ratably over a three-year period.1,895 shares, respectively, of AIG common stock vested and All of the AGC options outstanding at the acquisition date were issued.\nNo additional deferred share or share unit became fully vested on that date and were converted into obligations may be granted under the SAI plans.\nAs of options to purchase AIG common stock at an exchange ratio December 31, 2005, deferred share and share unit obligations of 0.5790 shares of AIG common stock for each share of AGC with respect to 59,972 shares remained outstanding under the common stock.\nNo further options can be granted under the SAI plans.\nAGC plans, but outstanding options so converted continue in The AIG Board of Directors has construed the AIG stock force until exercise or expiration.\nAt December 31, 2005, there option plans to allow, at the request of an optionee, the were 10,805,219 shares of AIG common stock reserved for deferral of delivery of AIG shares otherwise deliverable upon issuance on exercise of options under these plans.\nOptions with the exercise of an option to a date or dates specified by the respect to 1,250,221 of these shares qualified for ISO Treat- optionee.\nDuring 2005, options with respect to 1,731,471 ment as of December 31, 2005.  shares were exercised with delivery deferred.\nAt December 31, 2005, optionees had made valid elections to defer delivery of Additional information with respect to AIG’s plans at December 31, 2005, and changes for the three years then ended, were as follows:"}
{"_id": "d87d04158", "title": "", "text": "| For the Year Ended December 31, | 2012 | Oil Volume – b/d: | United States | Canada | North America | Egypt-3 | Australia | North Sea | Argentina | International | Total-1 | Natural Gas Volume – Mcf/d: | United States | Canada | North America | Egypt-3 | Australia | North Sea | Argentina | International | Total-2 | Natural Gas Liquids (NGL) Volume – b/d: | United States | Canada | North America | Egypt | North Sea | Argentina | International | Total | BOE per day-4 | United States | Canada | North America | Egypt | Australia | North Sea | Argentina | International | Total |"}
{"_id": "d8a22dc4a", "title": "", "text": "| January 26, 2014 January 27, 2013 | GrossCarryingAmount | (In thousands) | Acquisition-related intangible assets | Patents and licensed technology | Total intangible assets |"}
{"_id": "d8269a16e", "title": "", "text": "| December 31, 2011 December 31, 2010 | Total  Assets | CDOs [3] | Limited partnerships | Total |"}
{"_id": "d8b326a1a", "title": "", "text": "| 7/02 7/03 7/04 7/05 12/05 12/06 12/07 | Alexion Pharmaceuticals, Inc. | NASDAQ Composite | NASDAQ Biotechnology |"}
{"_id": "d8d8cc6b6", "title": "", "text": "| Year Ended January 31 | 2014 | (in millions) | Unrecognized tax benefits at beginning of year | Additions for tax positions related to current year | Additions for tax positions related to prior years | Reductions for tax positions related to prior years | Settlements with taxing authorities | Lapse of statute of limitations | Unrecognized tax benefits at end of year | Unrecognized tax benefits that, if recognized, would affect the effective income tax rate |"}
{"_id": "d84dc5eaa", "title": "", "text": "| 2010 2009-1 | In millions of dollars, except per share amounts | Revenues, net of interest expense | Operating expenses | Provisions for credit losses and for benefits and claims | Income (loss) from continuing operations before income taxes | Income taxes (benefits) | Income (loss) from continuing operations | Income (loss) from discontinued operations, net of taxes | Net income (loss) before attribution ofnoncontrolling interests | Net income (loss) attributable to noncontrolling interests | Citigroup’s net income (loss) | Earnings per share-2(3) | Basic | Income (loss) from continuing operations | Net income (loss) | Diluted | Income (loss) from continuing operations | Net income (loss) | Common stock price per share | High | Low | Close | Dividends per share of common stock |"}
{"_id": "d8af4c2f0", "title": "", "text": "| December 31, 2008 | Fixed Maturity Securities | (In millions) | Quoted prices in active markets for identical assets (Level 1) | Independent pricing source | Internal matrix pricing or discounted cash flow techniques | Significant other observable inputs (Level 2) | Independent pricing source | Internal matrix pricing or discounted cash flow techniques | Independent broker quotations | Significant unobservable inputs (Level 3) | Total estimated fair value |"}
{"_id": "d8ed989c8", "title": "", "text": "| Amount(in millions) IssuanceDate Maturity Date Semi-annualCoupon Rate | January 2017 Notes | October 2018 Notes | January 2020 Notes | May 2020 Notes | May 2022 Notes | May 2025 Notes | October 2023 Notes | November 2035 Notes | January 2040 Notes | $4,650 |"}
{"_id": "d8959cc7e", "title": "", "text": "| 2007 versus 2006 Ameren (a) UE CIPS Genco CILCORP CILCO IP | Electric revenue change: | Effect of weather (estimate) | UE electric rate increase | Storm-related outages (estimate) | JDA terminated December 31, 2006 | Elimination of CILCO/AERG power supply agreement | Interchange revenues, excluding estimated weather impact of -$47 million | Illinois electric settlement agreement, net of reimbursement | FERC-ordered MISO resettlements – March 2007 | Mark-to-market losses on energy contracts | Illinois rate redesign, generation repricing, growth and other (estimate) | Total electric revenue change | Fuel and purchased power change: | Fuel: | Generation and other | Emission allowance sales (costs) | Mark-to-market gains (losses) on fuel contracts | Price | JDA terminated December 31, 2006 | Purchased power | Entergy Arkansas, Inc. power purchase agreement | Elimination of CILCO/AERG power supply agreement | Insurance recovery | FERC-ordered MISO resettlements – March 2007 | Storm-related energy costs (estimate) | Total fuel and purchased power change | Net change in electric margins | Net change in gas margins |"}
{"_id": "d87a4d202", "title": "", "text": "Item 2.\nPROPERTIES The table below provides a summary of our four owned containerboard mills, the principal products produced and each mills year-end 2012 annual practical maximum capacity based upon all of our paper machines production capabilities, as reported to the AF&PA:"}
{"_id": "d8e29dfb4", "title": "", "text": "Note P  Fair Value Measurements The accounting rules for fair value measurements and disclosures define fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date in a principal or most advantageous market.\nFair value is a market-based measurement that is determined based on inputs, which refer broadly to assumptions that market participants use in pricing assets or liabilities.\nThese inputs can be readily observable, market corroborated, or generally unobservable firm inputs.\nThe Companies often make certain assumptions that market participants would use in pricing the asset or liability, including assumptions about risk, and the risks inherent in the inputs to valuation techniques.\nThe Companies use valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.\nThe accounting rules for fair value measurements and disclosures established a fair value hierarchy, which prioritizes the inputs to valuation techniques used to measure fair value in three broad levels.\nThe rules require that assets and liabilities be classified in their entirety based on the level of input that is"}
{"_id": "d8df987ba", "title": "", "text": "| Severance and Other Benefits Asset Actions Contract Actions/Other Total | 2013 Charge | Amount reflected in pension liability | Noncash expenses | Cash expenditures | Currency translation adjustment | 30 September 2013 | Cash expenditures | Currency translation adjustment | 30 September 2014 |"}
{"_id": "d8c7e0af0", "title": "", "text": "| Twelve Months Ended | (millions of dollars) | Operating revenues | Purchased power | Fuel | Net revenues | Operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Electric operating income |"}
{"_id": "d887559a4", "title": "", "text": "| Amount (In Millions) | 2015 net revenue | Reserve equalization | Purchased power capacity | Transmission revenue | Retail electric price | Net wholesale | Other | 2016 net revenue |"}
{"_id": "d89498bc0", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Note 2Financial Instruments (Continued) Typically, the Company hedges portions of its forecasted foreign currency exposure associated with revenue and inventory purchases over a time horizon of up to 6 months.\nDerivative instruments designated as cash flow hedges must be de-designated as hedges when it is probable the forecasted hedged transaction will not occur in the initially identified time period or within a subsequent 2 month time period.\nDeferred gains and losses in other comprehensive income associated with such derivative instruments are immediately reclassified into earnings in other income and expense.\nAny subsequent changes in fair value of such derivative instruments are also reflected in current earnings unless they are re-designated as hedges of other transactions.\nThe Company recognized net gains of approximately $672,000 and $421,000 in 2007 and 2006, respectively, and a net loss of $1.6 million in 2005 in other income and expense related to the loss of hedge designation on discontinued cash flow hedges due to changes in the Companys forecast of future net sales and cost of sales and due to prevailing market conditions.\nAs of September 29, 2007, the Company had a net deferred gain associated with cash flow hedges of approximately $468,000, net of taxes, substantially all of which is expected to be reclassified to earnings by the end of the second quarter of fiscal 2008.\nThe net gain or loss on the effective portion of a derivative instrument designated as a net investment hedge is included in the cumulative translation adjustment account of accumulated other comprehensive income within shareholders equity.\nFor the years ended September 29, 2007 and September 30, 2006, the Company had a net loss of $2.6 million and a net gain of $7.4 million, respectively, included in the cumulative translation adjustment.\nThe Company may also enter into foreign currency forward and option contracts to offset the foreign exchange gains and losses generated by the re-measurement of certain assets and liabilities recorded in non-functional currencies.\nChanges in the fair value of these derivatives are recognized in current earnings in other income and expense as offsets to the changes in the fair value of the related assets or liabilities.\nDue to currency market movements, changes in option time value can lead to increased volatility in other income and expense."}
{"_id": "d89663c7a", "title": "", "text": "| U.S. International | 2017 | 2018 | 2019 | 2020 | 2021 | 2022–2026 |"}
{"_id": "d8c91595c", "title": "", "text": "| At December 31, 2017 A.M. Best Rating(a) Gross Reinsurance Assets Percent of Reinsurance Assets (b) Uncollateralized Reinsurance Assets | (in millions) | Reinsurer: | Berkshire Hathaway Group of Companies | Swiss Reinsurance Group of Companies | Years Ended December 31, | Operating Information | Natural gas gathered(BBtu/d) | Natural gas processed(BBtu/d) | Natural gas transported(MMcf/d) | Natural gas sales(BBtu/d) | Natural gas liquids gathered(MBbl/d) | Natural gas liquids sales(MBbl/d) | Natural gas liquids fractionated(MBbl/d) | Natural gas liquids transported(MBbl/d) | Capital expenditures(Thousands of dollars) | Conway-to-Mount Belvieu OPIS average spread Ethane/Propane mixture ($/gallon) | Realized composite NGL sales prices ($/gallon)(b) | Realized condensate sales price ($/Bbl)(b) | Realized natural gas sales price ($/MMBtu)(b) | Realized gross processing spread ($/MMBtu)(b) |"}
{"_id": "d81ffb9e8", "title": "", "text": "| In millions of dollars at year end, except ratios 2009 2008 | Total Citigroup stockholders’ equity | Less: | Preferred stock | Common equity | Less: | Goodwill | Intangible assets (other than MSRs) | Related net deferred taxes | Tangible common equity (TCE) | Tangible assets | GAAP assets | Less: | Goodwill | Intangible assets (other than MSRs) | Related deferred tax assets | Tangible assets (TA) | Risk-weighted assets (RWA) | TCE/TA ratio | TCE ratio(TCE/RWA) | In billions of dollars at year end | Tier 1 Capital | Total Capital (Tier 1 Capital and Tier 2 Capital) | Tier 1 Capital ratio | Total Capital ratio | Leverage ratio-1 |"}
{"_id": "d8f4ed91c", "title": "", "text": "| Planned construction and capital investment 2003 2004 2005 | U.S. Utility | Non-Utility Nuclear | Energy Commodity Services | Other |"}
{"_id": "d8b61193c", "title": "", "text": "Automated valuation services may be used primarily for residential properties when values from any of the previous methods were not available within 90 days of the balance sheet date.\nThese services use models based on market, economic, and demographic values.\nThe use of these models has only occurred in a very few instances and the related property valuations have not been sufficiently significant to consider disclosure under Level 3 rather than Level 2.\nImpaired loans that are not collateral-dependent were measured based on the present value of future cash flows discounted at the expected coupon rates over the lives of the loans.\nBecause the loans were not discounted at market interest rates, the valuations do not represent fair value and have been excluded from the nonrecurring fair value balance in the preceding schedules.\nFair Value of Certain Financial Instruments Following is a summary of the carrying values and estimated fair values of certain financial instruments:"}
{"_id": "d894aff28", "title": "", "text": "| Year Ended December 31 2016 2015 2014 | (In millions) | Medical professional liability | Other professional liability and management liability | Surety | Commercial auto | General liability | Workers’ compensation | Other | Total pretax (favorable) unfavorable development |"}
{"_id": "d8992635e", "title": "", "text": "| 2017 2016 2015 | Interest expense on debt and capital lease obligations | Accretion of debt discounts | Accretion of remediation liabilities and other | Less: capitalized interest | Total interest expense |"}
{"_id": "d8b3fe686", "title": "", "text": "| (Millions of Dollars) 2005 2004 2003 | Cash provided by (used in) operating activities | Continuing operations | Discontinued operations | Total |"}
{"_id": "d8e3b3f84", "title": "", "text": "| (Millions of Dollars, except per share amounts) 2011 2012 2013 2014 2015 | Reported net income – GAAP basis | Impairment of assets held for sale (a) | Gain on sale of solar electric production projects (b) | Loss from LILO transactions (c) | Net mark-to-market effects of the competitive energy businesses (d) | Adjusted earnings | Reported earnings per share – GAAP basis (basic) | Impairment of assets held for sale | Gain on sale of solar electric production projects | Loss from LILO transactions | Net mark-to-market effects of the competitive energy businesses | Adjusted earnings per share |"}
{"_id": "d85d84f4e", "title": "", "text": "The table below presents estimated capital costs that are based on current technology to comply with the federal Clean Air Interstate Rule and related state implementation plans through 2018 as well as federal ambient air quality standards including ozone and fine particulates, and the federal Clean Air Visibility rule.\nThe estimates described below could change depending upon additional federal or state requirements, the implementation of any revisions to the federal Clean Air Interstate Rule, the requirements under a mercury MACT standard, whether the variance or rule amendment request with respect to the Illinois MPS discussed above is granted, new technology, variations in costs of material or labor, or alternative compliance strategies, among other reasons.\nThe timing of estimated capital costs may also be influenced by whether emission allowances are used to comply with any future rules, thereby deferring capital investment."}
{"_id": "d8be2ab8c", "title": "", "text": "| December 31 | (Dollars in millions) | Consumer | Residential mortgage | Home equity | Direct/Indirect consumer | Other consumer | Total consumer-2 | Commercial | U.S. commercial | Commercial real estate | Commercial lease financing | Non-U.S. commercial | 1,643 | U.S. small business commercial | Total commercial-3 | Total nonperforming loans and leases | Foreclosed properties | Total nonperforming loans, leases and foreclosed properties |"}
{"_id": "d8190ffb2", "title": "", "text": "| Quarter Ended | March 31 | (in thousands, except percentages) | 2006 | Net revenues | Current quarter vs prior quarter | 2007 | Net revenues | Current quarter vs prior quarter | 2008 | Net revenues | Current quarter vs prior quarter |"}
{"_id": "d89813b6a", "title": "", "text": "| December 31 | (Dollars in millions) | By counterparty | Private-label securitization trustees, whole-loan investors, including third-party securitization sponsors and other-1 | Monolines | GSEs | Total unresolved repurchase claims by counterparty, net of duplicate claims |"}
{"_id": "d8b10a5f6", "title": "", "text": "| Fiscal Years Ended | April 2,   2011 | (millions) | Net Revenues: | Wholesale | Retail | Licensing | Total net revenues |"}
{"_id": "d8833bee0", "title": "", "text": "| 2014 2013 2012 | Smokeable products | Smokeless products | Wine | All other | Total |"}
{"_id": "d8d09a2c2", "title": "", "text": "L E T T E R S O F C R E D I T The Company has arrangements available for the issuance of letters of credit, which letters are generally collateralized by the Companys cash and investments.\nThe Companys agreement with Citibank is a bilateral letter of credit agreement only.\nOn November 6, 2007 the Citibank bilateral letter of credit agreement was decreased by $50.0 million to $300.0 million.\nAll other terms of this agreement remain the same.\nThe Companys other facility, the Wachovia Group Credit Facility, involves a syndicate of lenders (see Note 5 of the Group Credit Facility), with Wachovia acting as administrative agent.\nThe Citibank Holdings Credit Facility involves a syndicate of lenders (see Note 5 of the Holdings Credit Facility), with Citibank acting as administrative agent.\nAt December 31, 2007 and 2006, letters of credit for $491.1 million and $460.0 million, respectively, were issued and outstanding.\nThe letters of credit collateralize reinsurance obligations of the Companys non-U.\nS.  operations.\nThe following table summarizes the Companys letters of credit at December 31, 2007."}
{"_id": "d884ac0f4", "title": "", "text": "13.\nSTOCKHOLDERS’ EQUITY Warrants—In January 2003, the Company issued warrants to purchase approximately 11.4 million shares of its Common Stock in connection with an offering of 808,000 units, each consisting of $1,000 principal amount at maturity of ATI 12.25% senior subordinated discount notes due 2008 and a warrant to purchase 14.0953 shares of the Company’s Common Stock.\nThese warrants became exercisable on January 29, 2006 at an exercise price of $0.01 per share.\nAs these warrants expired on August 1, 2008, none were outstanding as of December 31, 2008.\nIn August 2005, the Company completed its merger with SpectraSite, Inc.  and assumed outstanding warrants to purchase shares of SpectraSite, Inc.  common stock.\nAs of the merger completion date, each warrant was exercisable for two shares of SpectraSite, Inc.  common stock at an exercise price of $32 per warrant.\nUpon completion of the merger, each warrant to purchase shares of SpectraSite, Inc.  common stock automatically converted into a warrant to purchase shares of the Company’s Common Stock, such that upon exercise of each warrant, the holder has a right to receive 3.575 shares of the Company’s Common Stock in lieu of each share of SpectraSite, Inc.  common stock that would have been receivable under each assumed warrant prior to the merger.\nUpon completion of the Company’s merger with SpectraSite, Inc. , these warrants were exercisable for approximately 6.8 million shares of Common Stock.\nOf these warrants, warrants to purchase approximately 1.8 million and 2.0 million shares of Common Stock remained outstanding as of December 31, 2008 and 2007, respectively.\nThese warrants will expire on February 10, 2010.\nStock Repurchase Programs—During the year ended December 31, 2008, the Company repurchased an aggregate of approximately 18.3 million shares of its Common Stock for an aggregate of $697.1 million, including commissions and fees, pursuant to its publicly announced stock repurchase programs, as described below."}
{"_id": "d828caa88", "title": "", "text": "| As of December | $ in millions | Fair value of retained interests | Weighted average life (years) | Constant prepayment rate | Impact of 10% adverse change | Impact of 20% adverse change | Discount rate | Impact of 10% adverse change | Impact of 20% adverse change |"}
{"_id": "d8ea8be56", "title": "", "text": "O. Policyholder Dividends.\nThe Company issues certain insurance policies with dividend payment features.\nThese policyholders share in the operating results of their respective policies in the form of dividends declared.\nDividends to policyholders are accrued during the period in which the related premiums are earned and are determined based on the terms of the individual policies.\nP. Application of New Accounting Standards.\nIn November 2005, the Financial Accounting Standards Board (“FASB”) issued FASB Staff Position (“FSP”) FAS 115-1, “The Meaning of Other-Than-Temporary Impairment and Its Application to Certain Investments” (“FAS 115-1”), which was effective for reporting periods beginning after December 15, 2005.\nFAS 115-1 addresses the determination of when an investment is considered impaired, whether the impairment is other than temporary and the measurement of an impairment loss.\nAn other than temporary impairment loss is recorded as a net realized capital loss in the consolidated statements of operations and comprehensive income (loss) in the period in which it is impaired.\nFAS 115-1 also includes accounting considerations subsequent to the recognition of an other-than-temporary impairment and requires certain disclosures about unrealized losses not recognized as other-than-temporary impairments.\nThe Company adopted FAS 115-1 prospectively effective January 1, 2006.\nThe Company believes that all unrealized losses in its investment portfolio are temporary in nature as of December 31, 2007.\nIn July 2006, FASB released FASB Interpretation No.48, “Accounting for Uncertainty in Income Taxes – an interpretation of FASB Statement No.109” (“FIN 48”), which is effective for fiscal years beginning after December 15, 2006.\nFIN 48 clarifies the accounting for uncertainty in income taxes recognized in an enterprise’s financial statements in accordance with FASB Statement No.109, “Accounting for Income Taxes” (“FAS 109”).\nFIN 48 prescribes the financial statement recognition and measurement criteria for tax positions taken or expected to be taken in a tax return.\nFurther, FIN 48 expands the required disclosures associated with uncertain tax positions.\nAs a result of the implementation of FIN 48, the Company recorded no adjustment in the liability for unrecognized income tax benefits and no adjustment to beginning retained earnings.\nIn September 2006, the FASB issued FAS No.157 “Fair Value Measurements” (“FAS 157”).\nFAS 157 defines fair value, establishes a framework for measuring fair value consistently in GAAP and expands disclosures about fair value measurements.\nThe Company adopted FAS 157 as of January 1, 2007.\nIn September 2006, the FASB issued FAS No.158 “Employers’ Accounting for Defined Benefit Pension and Other Postretirement Plans” (“FAS 158”), which is effective for employers with publicly traded equity securities as of the end of the fiscal year ending after December 15, 2006.\nFAS 158 requires an employer to (a) recognize in its financial statements an asset for a plan’s over funded status or a liability for a plan’s under funded status, (b) measure a plan’s assets and its obligations that determine its funded status as of the end of the employer’s fiscal year and (c) recognize changes in the funded status of a defined benefit post-retirement plan in the year in which the changes occur as other comprehensive income.\nThe Company adopted FAS 158 for the reporting period ended December 31, 2006."}
{"_id": "d8621525c", "title": "", "text": "| Residential Mortgage | Agency | (Dollars in millions) | Cash proceeds from new securitizations-1 | Loss on securitizations, net of hedges-2 |"}
{"_id": "d8f6c9e16", "title": "", "text": "Table of Contents unsecured claims with respect to facility agreements supporting certain issuances of special facility revenue bonds.\nThe Debtors recorded an estimated claim associated with the rejection or modification of a financing or facility agreement when the applicable motion was filed with the Bankruptcy Court to reject or modify such financing or facility agreement and the Debtors believed that it was probable the motion would be approved, and there was sufficient information to estimate the claim.\nSee Note 2 to AAGs Consolidated Financial Statements in Part II, Item 8A for further information.\n(3) Pursuant to the Plan, the Debtors agreed to allow certain post-petition unsecured claims on obligations.\nAs a result, during the year ended December 31, 2013, we recorded reorganization charges to adjust estimated allowed claim amounts previously recorded on rejected special facility revenue bonds of $180 million, allowed general unsecured claims related to the 1990 and 1994 series of special facility revenue bonds that financed certain improvements at JFK, and rejected bonds that financed certain improvements at ORD, which are included in the table above.\n(4) The Plan allowed unsecured creditors receiving AAG Series A Preferred Stock a conversion discount of 3.5%.\nAccordingly, we recorded the fair value of such discount upon the confirmation of the Plan by the Bankruptcy Court."}
{"_id": "d81486d60", "title": "", "text": "| As of | (In millions) | Cash(a) | Short-term investments(a) | Available capacity under Syndicated Credit Facility(b) | Available capacity under Contingent Liquidity Facility | Available capacity under the Department of the Treasury Commitment (Series G)(b) | Available borrowing under the FRBNY Credit Facility(c) | Available capacity under the Department of the Treasury Commitment (Series F)(c) | Total AIG Parent liquidity sources(d) |"}
{"_id": "d8d66f990", "title": "", "text": "Other Revenues Refund of Deepwater Gulf of Mexico Royalties We have recorded a refund of $86 million attributable to royalties that we previously paid on production of approximately 900 MBbls of crude oil and 3,000 MMcf of natural gas that was produced from January 1, 2003 through July 31, 2009 in the deepwater Gulf of Mexico.\nWe have requested a refund from the MMS and anticipate receiving the monies in early 2010.\nInterest of $11 million related to the refund has been recorded in interest income.\nSee Item 8.\nFinancial Statements and Supplementary Data  Note 2.\nSummary of Significant Accounting Policies.\nOther Other revenues include electricity sales and gathering, marketing and processing revenues.\nSee Electricity Sales and Expense below.\nSee Item 8.\nFinancial Statements and Supplementary Data  Note 2.\nSummary of Significant Accounting Policies."}
{"_id": "d87817f3c", "title": "", "text": "At December 31, 2009, PNC Bank, N. A. , our domestic bank subsidiary, was considered well capitalized based on US regulatory capital ratio requirements.\nSee the Supervision And Regulation section of Item 1 of this Report and Note 23 Regulatory Matters in the Notes To Consolidated Financial Statements in Item 8 of this Report for additional information.\nWe believe PNC Bank, N. A.  will continue to meet these requirements during 2010."}
{"_id": "d8130c840", "title": "", "text": "| Dollars in millions, except per share data 2008 2007-1 Latam Transaction -1 2007ExcludingLatamTransaction 2006 2008 Adjusted% Inc 2007 Adjusted% Inc | Operating income | Income from continuing operations | Income from discontinued operations | Net income | Income per common share – diluted | Continuing operations-2,3 | Discontinued operations | Net income-2,3 |"}
{"_id": "d885c4518", "title": "", "text": "ITEM 7.\nMANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Our company has subsidiaries that provide tax, investment, retail banking and business services and products.\nWe are the only major company offering a full range of software, online and in-office tax preparation solutions, combined with personalized financial advice concerning retirement savings, home ownership and other opportunities to help clients build a better financial future.\nCorporate Cost Reduction Program.\nDuring the third quarter of fiscal year 2008, we announced the implementation of a program we expect will reduce corporate staff and overhead expenses by approximately $110 million per year.\nAs a result of this initiative, we recorded a pretax charge for severance-related benefits of $19.5 million during fiscal year 2008.\nOf the total severance charge, $11.3 million was recorded in our corporate operations, while $3.1 million, $2.4 million and $2.7 million was recorded in our Tax Services, Business Services and Consumer Financial Services segments, respectively.\nWe expect these actions will result in reduced compensation expense of approximately $50 million per year.\nIn addition, we are seeking to eliminate approximately $60 million of non-compensation overhead expenses such as consulting, marketing, travel and entertainment.\nDiscontinued Operations  Recent Developments.\nEffective November 2006, our Board of Directors approved a plan to exit the mortgage business operated through our subsidiary, OOMC, and we began reporting that business as discontinued operations.\nDuring our third fiscal quarter ended January 31, 2008, OOMC ceased all loan origination activities, and initiated a plan to sell its servicing operations.\nOn April 30, 2008, OOMC sold its loan servicing assets to an affiliate of WL Ross pursuant to a previously announced agreement dated March 17, 2008.\nAfter repayment of debt outstanding under OOMCs servicing advance facility totaling $986.2 million, OOMC realized net cash proceeds of $212.5 million from WL Ross and $19.9 million previously held in escrow pursuant to the servicing advance facility, for a total of $232.4 million at closing.\nOOMC also retained a receivable relating to certain servicing assets of $117.4 million.\nDuring fiscal year 2007, we also committed to a plan to sell two smaller lines of business and completed the wind-down of one other line of business, all of which were previously reported in our Business Services segment.\nThe two businesses held-for-sale were sold during fiscal year 2008.\nAdditionally, during fiscal year 2007, we completed the wind-down of our tax operations in the United Kingdom, which were previously reported in Tax Services.\nAt April 30, 2008, we met the criteria requiring us to present the related financial results of these businesses as discontinued operations in the consolidated financial statements.\nAll periods presented reflect our discontinued operations.\nSee Item 8, note 19 to our consolidated financial statements for additional information."}
{"_id": "d884f255e", "title": "", "text": "| MSA Total Branches Deposits Market Rank-1 Market Share-1 | Boston, MA | Philadelphia, PA | Providence, RI | Pittsburgh, PA | Cleveland, OH | Detroit, MI | Manchester, NH | Albany, NY | Buffalo, NY | Rochester, NY |"}
{"_id": "d8ac36d90", "title": "", "text": "| Years Ended December 31, 2016/2015 2015/2014 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d811fbf64", "title": "", "text": "| Table 52 Total Cross-border Exposure Exceeding One Percent of Total Assets-1 | (Dollars in millions) | United Kingdom | 2010 | Japan-2 |"}
{"_id": "d8c4e95ae", "title": "", "text": "Reinsurance Generally, the Company reinsures 90% of the death benefit liability related to almost all individual fixed and variable universal life and term life insurance products.\nAs a result, the Company typically retains and is at risk for, at most, 10% of each policy’s death benefit from the first dollar of coverage for new sales of these policies, subject to the reinsurers fulfilling their obligations.\nThe Company began reinsuring risks at this level during 2001 (2002 for RiverSource Life of NY) for term life insurance and 2002 (2003 for RiverSource Life of NY) for individual fixed and variable universal life insurance.\nPolicies issued prior to these dates are not subject to these same reinsurance levels.\nGenerally, the maximum amount of life insurance risk retained by the Company is $1.5 million on a single life and $1.5 million on any flexible premium survivorship life policy.\nRisk on fixed and variable universal life policies is reinsured on a yearly renewable term basis.\nRisk on most term life policies starting in 2001 (2002 for RiverSource Life of NY) is reinsured on a coinsurance basis, a type of reinsurance in which the reinsurer participates proportionally in all material risks and premiums associated with a policy.\nFor existing LTC policies, the Company retained 50% of the risk and ceded the remaining 50% of the risk on a coinsurance basis to subsidiaries of Genworth Financial, Inc.  (‘‘Genworth’’).\nFor RiverSource Life of NY, this reinsurance arrangement applies for 1996 and later issues only.\nGenerally, the Company retains at most $5,000 per month of risk per life on DI policies sold on policy forms introduced in most states in October 2007 (August 2010 for RiverSource Life of NY) and reinsures the remainder of the risk on a coinsurance basis with unaffiliated reinsurance companies.\nThe Company retains all risk for new claims on DI contracts sold on other policy forms.\nThe Company also retains all risk on accidental death benefit claims and substantially all risk associated with waiver of premium provisions.\nAt December 31, 2011 and 2010, traditional life and UL insurance in force aggregated $191.2 billion and $192.0 billion, respectively, of which $136.2 billion and $134.0 billion were reinsured at the respective year ends.\nLife insurance in force is reported on a statutory basis.\nThe Company also reinsures a portion of the risks associated with its personal auto, home and umbrella insurance products through three types of reinsurance agreements with unaffiliated reinsurance companies.\nThe Company purchases reinsurance with a limit of $5 million per loss and the Company retains $750,000 per loss.\nThe Company purchases catastrophe reinsurance with a limit of $90 million per event and retains $10 million per event.\nThose limits change in 2012 to $110 million and $20 million, respectively.\nThe Company also cedes 90% of every personal umbrella loss with a limit of $5 million.\nThe effect of reinsurance on premiums was as follows:"}
{"_id": "d8ba002fa", "title": "", "text": "| 2010 2009 2008 | Net pension cost | Net postretirement benefit costs | Total | Impact on 2010 Expense | 25 basis point decrease in discount rate | 25 basis point increase in discount rate | 25 basis point decrease in expected return on assets | 25 basis point increase in expected return on assets |"}
{"_id": "d886aa414", "title": "", "text": "| Years ended December 31, 2013 2012 2011 | Stock options | Restricted stock units and other awards | Share-based plans expense | Income tax benefit |"}
{"_id": "d8ae71290", "title": "", "text": "| Amount Increase/(decrease) Increase/(decrease) excluding currency translation | Dollars in millions | Company-operated sales: | U.S. | Europe | APMEA | Other Countries & Corporate | Total | Franchised revenues: | U.S. | Europe | APMEA | Other Countries & Corporate | Total | Total revenues: | U.S. | Europe | APMEA | Other Countries & Corporate | Total |"}
{"_id": "d8ecca230", "title": "", "text": "| Pension plans Postretirement benefit plans | U.S. plans | In millions of dollars | Benefits earned during the year | Interest cost on benefit obligation | Expected return on plan assets | Amortization of unrecognized | Prior service (benefit) cost | Net actuarial loss | Curtailment loss (gain)(1) | Settlement loss-1 | Total net (benefit) expense |"}
{"_id": "d85f4a4aa", "title": "", "text": "| 2006 2005 2004 | Changes in fair value of derivatives | Adjustment for net losses realized and included in net income | Change in unrealized gain/loss on derivative instruments |"}
{"_id": "d8d9d07ec", "title": "", "text": "Table of Contents totaled an absolute notional equivalent of $292.3 million and $190.5 million, respectively, with the year-over-year increase primarily driven by earnings growth.\nAt this time, we do not hedge these long-term investment exposures.\nWe do not use foreign exchange contracts for speculative trading purposes, nor do we hedge our foreign currency exposure in a manner that entirely offsets the effects of changes in foreign exchange rates.\nWe regularly review our hedging program and assess the need to utilize financial instruments to hedge currency exposures on an ongoing basis.\nCash Flow HedgingHedges of Forecasted Foreign Currency Revenue We may use foreign exchange purchased options or forward contracts to hedge foreign currency revenue denominated in Euros, British Pounds and Japanese Yen.\nWe hedge these cash flow exposures to reduce the risk that our earnings and cash flows will be adversely affected by changes in exchange rates.\nThese foreign exchange contracts, carried at fair value, may have maturities between one and twelve months.\nWe enter into these foreign exchange contracts to hedge forecasted revenue in the normal course of business and accordingly, they are not speculative in nature.\nWe record changes in the intrinsic value of these cash flow hedges in accumulated other comprehensive income (loss) until the forecasted transaction occurs.\nWhen the forecasted transaction occurs, we reclassify the related gain or loss on the cash flow hedge to revenue.\nIn the event the underlying forecasted transaction does not occur, or it becomes probable that it will not occur, we reclassify the gain or loss on the related cash flow hedge from accumulated other comprehensive income (loss) to interest and other income, net on our Consolidated Statements of Income at that time.\nFor the fiscal year ended November 30, 2018, there were no net gains or losses recognized in other income relating to hedges of forecasted transactions that did not occur."}
{"_id": "d85f770a4", "title": "", "text": "| Asbestos Environmental Total | (in millions of U.S. dollars) | Balance at December 31, 2008 | Incurred activity | Payment activity | Foreign currency revaluation | Balance at December 31, 2009 |"}
{"_id": "d8e1a7df8", "title": "", "text": "| Year Ended December 31, | 2015 | Allowance for loan and lease losses, beginning of year | Loan and lease charge-offs | Commercial: | Commercial and industrial | Commercial real estate: | Construction | Commercial | Commercial real estate | Total commercial | Consumer: | Automobile | Home equity | Residential mortgage | Other consumer | Total consumer | Total charge-offs | Recoveries of loan and lease charge-offs | Commercial: | Commercial and industrial | Commercial real estate: | Construction | Commercial | Total commercial real estate | Total commercial | Consumer: | Automobile | Home equity | Residential mortgage | Other consumer | Total consumer | Total recoveries | Net loan and lease charge-offs | Provision for loan and lease losses | Allowance for assets sold and securitized or transferred to loans held for sale | Allowance for loan and lease losses, end of year | Allowance for unfunded loan commitments, beginning of year | (Reduction in) Provision for unfunded loan commitments and letters of credit losses | Allowance for unfunded loan commitments, end of year | Allowance for credit losses, end of year |"}
{"_id": "d887d2bc0", "title": "", "text": "Allowance for Credit Losses The allowance for credit losses represents an estimate of the losses expected from the companys receivable portfolio.\nThe level of the allowance is based on many quantitative and qualitative factors, including historical loss experience by product category, portfolio duration, delinquency trends, economic conditions and credit risk quality.\nThe adequacy of the allowance is assessed quarterly.\nDifferent assumptions or changes in economic conditions would result in changes to the allowance for credit losses and the provision for credit losses.\nThe total allowance for credit losses at October 31, 2012, 2011 and 2010 was $243 million, $269 million and $296 million, respectively.\nThe decreases in 2012 and 2011 were primarily due to decreases in loss experience.\nThe assumptions used in evaluating the companys exposure to credit losses involve estimates and significant judgment.\nThe historical loss experience on the receivable portfolio represents one of the key assumptions involved in determining the allowance for credit losses.\nOver the last five fiscal years, this percent has varied by an average of approximately plus or minus .23 percent, compared to the average loss experience percent during that period.\nHolding other assumptions constant, if this estimated loss experience on the receivable portfolio were to increase or decrease .23 percent, the allowance for credit losses at October 31, 2012 would increase or decrease by approximately $70 million."}
{"_id": "d8aa0eaae", "title": "", "text": "| Accrued Balance at November 27 1998 Total Charges Cash Payments Adjustments Accrued Balance at December 3 1999 | Accrual related to previous restructurings |"}
{"_id": "d881c8090", "title": "", "text": "| Fiscal Years Ending Amount | September 24, 2005 | September 30, 2006 | September 29, 2007 | September 27, 2008 | September 26, 2009 | Thereafter | Total (not reduced by minimum sublease rentals of $165) |"}
{"_id": "d811d0e9a", "title": "", "text": "Sources of Liquidity Primary sources of liquidity for Citigroup and its principal subsidiaries include: ?\ndeposits; ?\ncollateralized financing transactions; ?\nsenior and subordinated debt; ?\ncommercial paper; ?\ntrust preferred and preferred securities; and ?\npurchased/wholesale funds.\nCitigroups funding sources are diversified across funding types and geography, a benefit of its global franchise.\nFunding for Citigroup and its major operating subsidiaries includes a geographically diverse retail and corporate deposit base of $774.2 billion.\nThese deposits are diversified across products and regions, with approximately two-thirds of them outside of the U. S.  This diversification provides the Company with an important, stable and low-cost source of funding.\nA significant portion of these deposits has been, and is expected to be, long-term and stable, and are considered to be core.\nThere are qualitative as well as quantitative assessments that determine the Companys calculation of core deposits.\nThe first step in this process is a qualitative assessment of the deposits.\nFor example, as a result of the Companys qualitative analysis certain deposits with wholesale funding characteristics are excluded from consideration as core.\nDeposits that qualify under the Companys qualitative assessments are then subjected to quantitative analysis.\nExcluding the impact of changes in foreign exchange rates and the sale of our retail banking operations in Germany during the year ending December 31, 2008, the Companys deposit base remained stable.\nOn a volume basis, deposit increases were noted in Transaction Services, U. S.  Retail Banking and Smith Barney.\nThis was partially offset by the Companys decision to reduce deposits considered wholesale funding, consistent with the Companys de-leveraging efforts, and declines in International Consumer Banking and the Private Bank.\nCitigroup and its subsidiaries have historically had a significant presence in the global capital markets.\nThe Companys capital markets funding activities have been primarily undertaken by two legal entities: (i) Citigroup Inc. , which issues long-term debt, medium-term notes, trust preferred securities, and preferred and common stock; and (ii) Citigroup Funding Inc.  (CFI), a first-tier subsidiary of Citigroup, which issues commercial paper, medium-term notes and structured equity-linked and credit-linked notes, all of which are guaranteed by Citigroup.\nOther significant elements of longterm debt on the Consolidated Balance Sheet include collateralized advances from the Federal Home Loan Bank system, long-term debt related to the consolidation of ICGs Structured Investment Vehicles, asset-backed outstandings, and certain borrowings of foreign subsidiaries.\nEach of Citigroups major operating subsidiaries finances its operations on a basis consistent with its capitalization, regulatory structure and the environment in which it operates.\nParticular attention is paid to those businesses that for tax, sovereign risk, or regulatory reasons cannot be freely and readily funded in the international markets.\nCitigroups borrowings have historically been diversified by geography, investor, instrument and currency.\nDecisions regarding the ultimate currency and interest rate profile of liquidity generated through these borrowings can be separated from the actual issuance through the use of derivative instruments.\nCitigroup is a provider of liquidity facilities to the commercial paper programs of the two primary Credit Card securitization trusts with which it transacts.\nCitigroup may also provide other types of support to the trusts.\nAs a result of the recent economic downturn, its impact on the cashflows of the trusts, and in response to credit rating agency reviews of the trusts, the Company increased the credit enhancement in the Omni Trust, and plans to provide additional enhancement to the Master Trust (see Note 23 to Consolidated Financial Statements on page 175 for a further discussion).\nThis support preserves investor sponsorship of our card securitization franchise, an important source of liquidity.\nBanking Subsidiaries There are various legal limitations on the ability of Citigroups subsidiary depository institutions to extend credit, pay dividends or otherwise supply funds to Citigroup and its non-bank subsidiaries.\nThe approval of the Office of the Comptroller of the Currency, in the case of national banks, or the Office of Thrift Supervision, in the case of federal savings banks, is required if total dividends declared in any calendar year exceed amounts specified by the applicable agencys regulations.\nState-chartered depository institutions are subject to dividend limitations imposed by applicable state law.\nIn determining the declaration of dividends, each depository institution must also consider its effect on applicable risk-based capital and leverage ratio requirements, as well as policy statements of the federal regulatory agencies that indicate that banking organizations should generally pay dividends out of current operating earnings.\nNon-Banking Subsidiaries Citigroup also receives dividends from its non-bank subsidiaries.\nThese non-bank subsidiaries are generally not subject to regulatory restrictions on dividends.\nHowever, as discussed in Capital Resources and Liquidity on page 94, the ability of CGMHI to declare dividends can be restricted by capital considerations of its broker-dealer subsidiaries.\nCGMHIs consolidated balance sheet is liquid, with the vast majority of its assets consisting of marketable securities and collateralized short-term financing agreements arising from securities transactions.\nCGMHI monitors and evaluates the adequacy of its capital and borrowing base on a daily basis to maintain liquidity and to ensure that its capital base supports the regulatory capital requirements of its subsidiaries.\nSome of Citigroups non-bank subsidiaries, including CGMHI, have credit facilities with Citigroups subsidiary depository institutions, including Citibank, N. A.\nBorrowings under these facilities must be secured in accordance with Section 23A of the Federal Reserve Act.\nThere are various legal restrictions on the extent to which a bank holding company and certain of its non-bank subsidiaries can borrow or obtain credit from Citigroups subsidiary depository institutions or engage in certain other transactions with them.\nIn general, these restrictions require that transactions be on arms length terms and be secured by designated amounts of specified collateral.\nSee Note 20 to the Consolidated Financial Statements on page 169."}
{"_id": "d8f46fab2", "title": "", "text": "| 2017 2016 2015 | Interest incurred | Less: Capitalized interest | Interest Expense |"}
{"_id": "d8b7c2efc", "title": "", "text": "| Year ended December 31, | 2006 | (in millions) | Operating results: | Revenues | Benefits and expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments(1) | Related charges-1(2) | Income from continuing operations before income taxes, equity in earnings of operating joint ventures, extraordinary gain on acquisition andcumulative effect of accounting change acquisition and cumulative effect of accounting change |"}
{"_id": "d813a40b4", "title": "", "text": "| Year Ended December | $ in millions | Compensation and benefits | Brokerage, clearing, exchange and distribution fees | Market development | Communications and technology | Depreciation and amortization | Occupancy | Professional fees | Other expenses | Total operating expenses | Headcount atperiod-end |"}
{"_id": "d8b962fa0", "title": "", "text": "| YearendedDecember 31 | In millions | Gains (losses) on derivatives recognized in OCI – (effective portion) | Less: Gains (losses) reclassified from accumulated OCI into income – (effective portion) | Interest income | Noninterest income | Total gains (losses) reclassified from accumulated OCI into income – (effective portion) | Net unrealized gains (losses) on cash flow hedge derivatives |"}
{"_id": "d87194c28", "title": "", "text": "| (Dollars in millions, except per share information; shares in thousands) 2008 2007 2006 | Earnings per common share | Net income | Preferred stock dividends-1 | Net income available to common shareholders | Average common shares issued and outstanding | Earnings per common share | Diluted earnings per common share | Net income available to common shareholders | Average common shares issued and outstanding | Dilutive potential common shares-2, 3 | Total diluted average common shares issued and outstanding | Diluted earnings per common share |"}
{"_id": "d87f7b49a", "title": "", "text": "| In millions 2014 2013 | January 1 | Accretion (including excess cash recoveries) | Net reclassifications to accretable from non-accretable (a) | Disposals | December 31 | Shares in thousands | December 31, 2013 | Granted | Vested/Released | Forfeited | December 31, 2014 |"}
{"_id": "d8b57ce5e", "title": "", "text": "The table below presents the allowance and the carrying value of outstanding loans and leases by portfolio segment at December 31, 2015 and 2014.\nAllowance and Carrying Value by Portfolio Segment"}
{"_id": "d8800fb7c", "title": "", "text": "| 2001 2000 1999 | Options Outstanding | Balance at beginning of year | Granted | Exercised | Lapsed or cancelled | Balance at end of year | Options exercisable at end of year | Weighted average fair value of options granted during the year |"}
{"_id": "d8ebc6e6a", "title": "", "text": "| Percent of Total Net Tangible Assets -1 Percent Change in Economic Value For a Given Change in Interest Rates Over / (Under) Base Case Parallel Shocks | Basis point change scenario | Total loans | Total investments and other earning assets | Total net tangible assets -2 | Total deposits | Total borrowings | Total net tangible liabilities -3 | December 31, | (dollar amounts in millions) | Consolidated capital calculations: | Common shareholders’ equity | Preferred shareholders’ equity | Total shareholders’ equity | Goodwill | Other intangible assets | Other intangible asset deferred tax liability-1 | Total tangible equity-2 | Preferred shareholders’ equity | Total tangible common equity-2 | Total assets | Goodwill | Other intangible assets | Other intangible asset deferred tax liability-1 | Total tangible assets-2 | Tier 1 capital | Preferred shareholders’ equity | Trust-preferred securities | REIT-preferred stock | Tier 1 common equity-2 | Risk-weighted assets (RWA) | Tier 1 common equity / RWA ratio-2 | Tangible equity / tangible asset ratio-2 | Tangible common equity / tangible asset ratio-2 | Tangible common equity / RWA ratio-2 |"}
{"_id": "d89629642", "title": "", "text": "| 2016 2015 2014 2013 | -$51,232 |"}
{"_id": "d81f7797c", "title": "", "text": "Humana Inc.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) not be estimated based on observable market prices, and as such, unobservable inputs were used.\nFor auction rate securities, valuation methodologies include consideration of the quality of the sector and issuer, underlying collateral, underlying final maturity dates, and liquidity.\nRecently Issued Accounting Pronouncements There are no recently issued accounting standards that apply to us or that will have a material impact on our results of operations, financial condition, or cash flows.3.\nACQUISITIONS On December 21, 2012, we acquired Metropolitan Health Networks, Inc. , or Metropolitan, a Medical Services Organization, or MSO, that coordinates medical care for Medicare Advantage beneficiaries and Medicaid recipients, primarily in Florida.\nWe paid $11.25 per share in cash to acquire all of the outstanding shares of Metropolitan and repaid all outstanding debt of Metropolitan for a transaction value of $851 million, plus transaction expenses.\nThe preliminary fair values of Metropolitan’s assets acquired and liabilities assumed at the date of the acquisition are summarized as follows:"}
{"_id": "d893a24fa", "title": "", "text": "Commercial Paper We are authorized to borrow up to $10.0 billion under our U. S.  commercial paper program.\nWe also maintain a European UNITED PARCEL SERVICE, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 81 NOTE 7.\nDEBT AND FINANCING ARRANGEMENTS The following table sets forth the principal amount, maturity or range of maturities, as well as the carrying value of our debt obligations, as of December 31, 2012 and 2011 (in millions).\nThe carrying value of these debt obligations can differ from the principal amount due to the impact of unamortized discounts or premiums and valuation adjustments resulting from interest rate swap hedging relationships.\nCommercial Paper We are authorized to borrow up to $10.0 billion under our U. S.  commercial paper program.\nWe also maintain a European commercial paper program under which we are authorized to borrow up to ¬1.0 billion in a variety of currencies.\nNo amounts were outstanding under these programs as of December 31, 2012.\nThe amount of commercial paper outstanding under these programs in 2013 is expected to fluctuate.\nFixed Rate Senior Notes We have completed several offerings of fixed rate senior notes.\nAll of the notes pay interest semiannually, and allow for redemption of the notes by UPS at any time by paying the greater of the principal amount or a ¡°make-whole¡± amount, plus accrued interest.\nWe subsequently entered into interest rate swaps on several of these notes, which effectively converted the fixed interest rates on the notes to variable LIBOR-based interest rates.\nThe average interest rate payable on these notes, including the impact of the interest rate swaps, for 2012 and 2011, respectively, were as follows:"}
{"_id": "d8cd9d5c4", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | 2014 | Attritional | Catastrophes | Total segment | 2013 | Attritional | Catastrophes | Total segment | 2012 | Attritional | Catastrophes | Total segment | Variance 2014/2013 | Attritional | Catastrophes | Total segment | Variance 2013/2012 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8a77a054", "title": "", "text": "EDWARDS LIFESCIENCES CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 12.\nCOMMON STOCK (Continued) The Company also maintains the Nonemployee Directors Stock Incentive Compensation Program (the Nonemployee Directors Program).\nUnder the Nonemployee Directors Program, each nonemployee director may receive annually up to 10,000 stock options or 4,000 restricted stock units of the Companys common stock, or a combination thereof, provided that in no event may the total value of the combined annual award exceed $0.2 million.\nAdditionally, each nonemployee director may elect to receive all or a portion of the annual cash retainer to which the director is otherwise entitled through the issuance of stock options or restricted stock units.\nEach option and restricted stock unit award granted in 2011 or prior generally vests in three equal annual installments.\nEach option and restricted stock unit award granted after 2011 generally vests after one year.\nUpon a directors initial election to the Board, the director receives an initial grant of restricted stock units equal to a fair market value on grant date of $0.2 million, not to exceed 10,000 shares.\nThese grants vest over three years from the date of grant.\nUnder the Nonemployee Directors Program, an aggregate of 1.4 million shares of the Companys common stock has been authorized for issuance.\nThe Company has an employee stock purchase plan for United States employees and a plan for international employees (collectively ESPP).\nUnder the ESPP, eligible employees may purchase shares of the Companys common stock at 85% of the lower"}
{"_id": "d826da6d8", "title": "", "text": "| 2015 2014 2013 | Net sales | Operating profit | Operating margins | Backlog at year-end |"}
{"_id": "d8e561570", "title": "", "text": "| (Dollar amounts in millions) CLOs Sponsored Private Equity Fund Total Consolidated VIEs | Assets of consolidated VIEs: | Cash and cash equivalents | Bank loans, bonds and other investments | Liabilities of consolidated VIEs: | Borrowings | Other liabilities | Appropriated retained earnings | Non-controlling interests of consolidated VIEs | Total BlackRock net interests in consolidated VIEs |"}
{"_id": "d8834ee82", "title": "", "text": "| In millions 2013 2014 2015 2016 2017 Thereafter | Lease obligations | Purchase obligations (a) | Total |"}
{"_id": "d8b9db338", "title": "", "text": "| Years Ended December 31, 2016/2015 2015/2014 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d81b362b4", "title": "", "text": "| (in millions) First Quarter Second Quarter Third Quarter Fourth Quarter Total | 2017 | Operating revenues | Operating income | Net income | 2016 | Operating revenues | Operating income | Net income |"}
{"_id": "d89a8e6c4", "title": "", "text": "ALM Activities Interest rate contracts and foreign exchange contracts are utilized in the Corporations ALM activities.\nThe Corporation maintains an overall interest rate risk management strategy that incorporates the use of interest rate contracts to minimize significant fluctuations in earnings that are caused by interest rate volatility.\nThe Corporations goal is to manage interest rate sensitivity so that movements in interest rates do not significantly adversely affect net interest income.\nAs a result of interest rate fluctuations hedged fixed-rate assets and liabilities appreciate or depreciate in market value.\nGains or losses on the derivative instruments that are linked to the hedged fixed-rate assets and liabilities are expected to substantially offset this unrealized appreciation or depreciation.\nInterest income and interest expense on hedged variable-rate assets and liabilities increase or decrease as a result of interest rate fluctuations.\nGains and losses on the derivative instruments that are linked to these hedged assets and liabilities are expected to substantially offset this variability in earnings.\nInterest rate contracts, which are generally non-leveraged generic interest rate and basis swaps, options and futures, allow the Corporation to manage its interest rate risk position.\nNon-leveraged generic interest rate swaps involve the exchange of fixed-rate and variable-rate interest payments based on the contractual underlying notional amount.\nBasis swaps involve the exchange of interest payments based on the contractual underlying notional amounts, where both the pay rate and the receive rate are floating rates based on different indices.\nOption products primarily consist of caps, floors and swaptions.\nFutures contracts used for the Corporations ALM activities are primarily index futures providing for cash payments based upon the movements of an underlying rate index.\nThe Corporation uses foreign currency contracts to manage the foreign exchange risk associated with certain foreign currency-denominated assets and liabilities, as well as the Corporations investments in foreign subsidiaries.\nForeign exchange contracts, which include spot and forward contracts, represent agreements to exchange the currency of one country for the currency of another country at an agreed-upon price on an agreedupon settlement date.\nExposure to loss on these contracts will increase or decrease over their respective lives as currency exchange and interest rates fluctuate."}
{"_id": "d82e4ef72", "title": "", "text": "Item 7.\nManagement’s Discussion and Analysis of Financial Condition and Results of Operations Overview U. S.  economic growth, retail sales and industrial production continued at a moderate pace in 2014, which resulted in growth in the small package delivery market.\nContinued strong growth in e-commerce and omni-channel retail sales has driven package volume increases in both commercial and residential products.\nGiven these trends, overall volume growth was strong during the year, and products most aligned with business-to-consumer and retail industry shipments experienced the fastest growth.\nEconomic conditions in Europe have deteriorated somewhat, as solid growth in the United Kingdom is being offset by slower growth in Germany and general economic weakness in France and Italy.\nEconomic growth in Asia has continued, though growth in China has moderated.\nThe uneven nature of economic growth worldwide, combined with a trend towards more intra-regional trade, has led to shifting trade patterns and resulted in overcapacity in certain trade lanes.\nThese factors have created an environment in which customers are more likely to trade-down from premium express products to standard delivery products in both Europe and Asia.\nAs a result of these circumstances, we have adjusted our air capacity and cost structure in our transportation network to better match the prevailing volume mix levels.\nOur broad portfolio of product offerings and the flexibilities inherent in our transportation network have helped us adapt to these changing trends.\nWhile the worldwide economic environment has remained challenging in 2014, we have continued to undertake several initiatives in the U. S.  and internationally to (1) improve the flexibility and capacity in our delivery network; (2) improve yield management; and (3) increase operational efficiency and contain costs across all segments.\nMost notably, the continued deployment of technology improvements (including several facility automation projects and the accelerated deployment of our On Road Integrated Optimization and Navigation system - \"ORION\") should increase our network capacity, and improve operational efficiency, flexibility and reliability.\nAdditionally, we have continued to adjust our transportation network and utilize new or expanded operating facilities to improve time-in-transit for shipments in each region."}
{"_id": "d8b728316", "title": "", "text": "x Level 2 - Level 2 inputs are inputs other than quoted prices included in level 1 that are, either directly or indirectly, observable for the asset or liability at the measurement date.\nLevel 2 inputs include the following: - quoted prices for similar assets or liabilities in active markets; - quoted prices for identical assets or liabilities in inactive markets; - inputs other than quoted prices that are observable for the asset or liability; or - inputs that are derived principally from or corroborated by observable market data by correlation or other means.\nLevel 2 consists primarily of individually owned debt instruments or shares in common trusts."}
{"_id": "d85fff4b8", "title": "", "text": "| Period of Expiration | 2010-2016 | Federal net operating losses | State net operating losses | Foreign net operating losses | Federal R&D credits | CA credits | CT credits | MA credits | IN credits |"}
{"_id": "d8963546a", "title": "", "text": "Cash Used in Investing Activities For the year ended March 31, 2015, net cash used for investing activities included $26.1 million for the purchase (net of maturities) of marketable securities, $15.7 million for our acquisition of ECP and AIS, $5.2 million for the purchase of property and equipment mostly related to expansion of manufacturing capacity in Danvers, Massachusetts and Aachen, Germany and $2.9 million of investments in private medical technology companies."}
{"_id": "d8d6f4348", "title": "", "text": "CF INDUSTRIES HOLDINGS, INC.  116 15.\nDerivative Financial Instruments We use derivative financial instruments to reduce our exposure to changes in commodity prices and foreign currency exchange rates.\nCommodity Price Risk Management Natural gas is the largest and most volatile component of the manufacturing cost for nitrogen-based products.\nWe manage the risk of changes in natural gas prices primarily through the use of derivative financial instruments.\nThe derivatives that we use for this purpose are primarily natural gas fixed price swaps and natural gas options traded in the OTC markets.\nThese natural gas derivatives settle using primarily a NYMEX futures price index, which represents the basis for fair value at any given time.\nWe enter into natural gas derivative contracts with respect to natural gas to be consumed by us in the future, and settlements of those derivative contracts are scheduled to coincide with our anticipated purchases of natural gas used to manufacture nitrogen products during those future periods.\nWe use natural gas derivatives as an economic hedge of natural gas price risk, but without the application of hedge accounting.\nAs a result, changes in fair value of these contracts are recognized in earnings.\nAs of December 31, 2016, we have natural gas derivative contracts covering periods through the end of 2018.\nAs of December 31, 2016 and 2015, we had open natural gas derivative contracts for 183.0 million MMBtus and 431.5 million MMBtus, respectively.\nFor the year ended December 31, 2016, we used derivatives to cover approximately 84% of our natural gas consumption.\nForeign Currency Exchange Rates A portion of the costs for our capacity expansion projects at our Donaldsonville, Louisiana complex and Port Neal, Iowa complex were euro-denominated.\nIn order to manage our exposure to changes in the euro to U. S.  dollar currency exchange rates, we hedged our projected euro-denominated payments through the end of 2016 using foreign currency forward contracts."}
{"_id": "d8f68a432", "title": "", "text": "| Fiscal Years Ended | (dollars in thousands) | Cash and cash equivalents at beginning of period | Net cash provided by operating activities | Net cash used in investing activities | Net cash used in financing activities | Cash and cash equivalents at end of period -1 |"}
{"_id": "d8ced76f6", "title": "", "text": "Individual Life Operating Results The following table sets forth the Individual Life segments"}
{"_id": "d86f2ae42", "title": "", "text": "(1) Includes equity securities classified as “trading account assets supporting insurance liabilities” and other equity securities classified as trading securities under U. S.  GAAP, but are held for “other than trading” activities in our segments that offer insurance, retirement and annuities products.\n(2) The notional and fair value of equity-based derivatives and the fair value of variable annuity and other living benefit feature embedded derivatives are also reflected in amounts under “Market Risk Related to Interest Rates” above, and are not cumulative.\n(3) Excludes any offsetting impact of derivative instruments purchased to hedge changes in the embedded derivatives.\nAmounts reported net of third-party reinsurance."}
{"_id": "d86052244", "title": "", "text": "| Reported amount Currency translation benefit/(cost) | In millions, except per share data | Revenues | Company-operated margins | Franchised margins | Selling, general & administrative expenses | Operating income | Net income | Earnings per common share—diluted |"}
{"_id": "d82a93e14", "title": "", "text": "Mondavi produces, markets and sells premium, super-premium and fine California wines under the Woodbridge by Robert Mondavi, Robert Mondavi Private Selection and Robert Mondavi Winery brand names.\nWoodbridge and Robert Mondavi Private Selection are the leading premium and super-premium wine brands by volume, respectively, in the United States.\nThe acquisition of Robert Mondavi supports the Companys strategy of strengthening the breadth of its portfolio across price segments to capitalize on the overall growth in the premium, super-premium and fine wine categories.\nThe Company believes that the acquired Robert Mondavi brand names have strong brand recognition globally.\nThe vast majority of Robert Mondavis sales are generated in the United States.\nThe Company intends to leverage the Robert Mondavi brands in the United States through its selling, marketing and distribution infrastructure.\nThe Company also intends to further expand distribution for the Robert Mondavi brands in Europe through its Constellation Europe infrastructure.\nThe Company and Robert Mondavi have complementary businesses that share a common growth orientation and operating philosophy.\nThe Robert Mondavi acquisition provides the Company with a greater presence in the fine wine sector within the United States and the ability to capitalize on the broader geographic distribution in strategic international markets.\nThe Robert Mondavi acquisition supports the Companys strategy of growth and breadth across categories and geographies, and strengthens its competitive position in its core markets.\nIn particular, the Company believes there are growth opportunities for premium, super-premium and fine wines in the United Kingdom, United States and other wine markets.\nTotal consideration paid in cash to the Robert Mondavi shareholders was $1,030.7 million.\nAdditionally, the Company expects to incur direct acquisition costs of $11.2 million.\nThe purchase price was financed with borrowings under the Companys 2004 Credit Agreement (as defined in Note 9).\nIn accordance with the purchase method of accounting, the acquired net assets are recorded at fair value at the date of acquisition.\nThe purchase price was based primarily on the estimated future operating results of Robert Mondavi, including the factors described above, as well as an estimated benefit from operating cost synergies.\nThe results of operations of the Robert Mondavi business are reported in the Constellation Wines segment and have been included in the Consolidated Statement of Income since the acquisition date.\nThe following table summarizes the estimated fair values of the assets acquired and liabilities assumed in the Robert Mondavi acquisition at the date of acquisition.\nThe Company is in the process of obtaining third-party valuations of certain assets and liabilities, and refining its restructuring plan which is under development and will be finalized during the Companys year ending February 28, 2006 (see Note19).\nAccordingly, the allocation of the purchase price is subject to refinement.\nEstimated fair values at December 22, 2004, are as follows:"}
{"_id": "d8977490c", "title": "", "text": "PART I Item 1: Business Incorporated in 1967, Applied, a Delaware corporation, provides manufacturing equipment, services and software to the global semiconductor, flat panel display, solar photovoltaic (PV) and related industries.\nApplieds customers include manufacturers of semiconductor wafers and chips, flat panel liquid crystal and other displays, solar PV cells and modules, and other electronic devices.\nThese customers may use what they manufacture in their own end products or sell the items to other companies for use in advanced electronic components.\nApplieds fiscal year ends on the last Sunday in October.\nApplied operates in four reportable segments: Silicon Systems Group, Applied Global Services, Display, and Energy and Environmental Solutions.\nApplied manages its business based upon these segments.\nA summary of financial information for each reportable segment is found in Note 16 of Notes to Consolidated Financial Statements.\nA discussion of factors that could affect operations is set forth under Risk Factors in Item 1A, which is incorporated herein by reference.\nIn November 2011, Applied completed the acquisition of Varian Semiconductor Equipment Associates, Inc.  (Varian), a leading supplier of ion implantation equipment to the semiconductor and solar industries.\nThe acquisition expanded Applied's technologies for chip and solar module manufacturing.\nThe acquired business is primarily included in consolidated results of operations and the results of the Silicon Systems Group and Applied Global Services segments.\nNet sales by reportable segment for the past three fiscal years were as follows:"}
{"_id": "d82615108", "title": "", "text": "| Years Ended December 31, | 2010 | GAAP | (in millions, except percentages) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Pretax income |"}
{"_id": "d8a28fd5a", "title": "", "text": "MetLife, Inc.  Notes to the Consolidated Financial Statements  (Continued) variable annuity products offered by the Company.\nThe Company utilizes exchange-traded equity futures in non-qualifying hedging relationships.\nEquity index options are used by the Company primarily to hedge minimum guarantees embedded in certain variable annuity products offered by the Company.\nTo hedge against adverse changes in equity indices, the Company enters into contracts to sell the equity index within a limited time at a contracted price.\nThe contracts will be net settled in cash based on differentials in the indices at the time of exercise and the strike price.\nIn certain instances, the Company may enter into a combination of transactions to hedge adverse changes in equity indices within a pre-determined range through the purchase and sale of options.\nEquity index options are included in equity options in the preceding table.\nThe Company utilizes equity index options in non-qualifying hedging relationships.\nEquity variance swaps are used by the Company primarily to hedge minimum guarantees embedded in certain variable annuity products offered by the Company.\nIn an equity variance swap, the Company agrees with another party to exchange amounts in the future, based on changes in equity volatility over a defined period.\nEquity variance swaps are included in variance swaps in the preceding table.\nThe Company utilizes equity variance swaps in non-qualifying hedging relationships.\nTotal rate of return swaps (TRRs) are swaps whereby the Company agrees with another party to exchange, at specified intervals, the difference between the economic risk and reward of an asset or a market index and LIBOR, calculated by reference to an agreed notional principal amount.\nNo cash is exchanged at the outset of the contract.\nCash is paid and received over the life of the contract based on the terms of the swap.\nThese transactions are entered into pursuant to master agreements that provide for a single net payment to be made by the counterparty at each due date.\nThe Company uses TRRs to hedge its equity market guarantees in certain of its insurance products.\nTRRs can be used as hedges or to synthetically create investments.\nThe Company utilizes TRRs in non-qualifying hedging relationships."}
{"_id": "d85ff2c68", "title": "", "text": "Sales and Trading Revenue The Corporation enters into trading derivatives to facilitate client transactions and to manage risk exposures arising from trading account assets and liabilities.\nIt is the Corporation’s policy to include these derivative instruments in its trading activities which include derivatives and non-derivative cash instruments.\nThe resulting risk from these derivatives is managed on a portfolio basis as part of the Corporation’s Global Markets business segment.\nThe related sales and trading revenue generated within Global Markets is recorded in various income statement line items including trading account profits and net interest income as well as other revenue categories.\nHowever, the majority of income related to derivative instruments is recorded in trading account profits.\nSales and trading revenue includes changes in the fair value and realized gains and losses on the sales of trading and other assets, net interest income, and fees primarily from commissions on equity securities.\nRevenue is generated by the difference in the client price for an instrument and the price at which the trading desk can execute the trade in the dealer market.\nFor equity securities, commissions related to purchases and sales are recorded in the “Other” column in the Sales and Trading Revenue table.\nChanges in the fair value of these securities are included in trading account profits.\nFor debt securities, revenue, with the exception of interest associated with the debt securities, is typically included in trading account profits.\nUnlike commissions for equity securities, the initial revenue related to broker/dealer services for debt securities is typically included in the pricing of the instrument rather than being charged through separate fee arrangements.\nTherefore, this revenue is recorded in trading account profits as part of the initial mark to fair value.\nFor derivatives, all revenue is included in trading account profits.\nIn transactions where the Corporation acts as agent, which include exchange-traded futures and options, fees are recorded in other income (loss).\nGains (losses) on certain instruments, primarily loans, that the Global Markets business segment shares with Global Banking are not considered trading instruments and are excluded from sales and trading revenue in their entirety."}
{"_id": "d8c3581b8", "title": "", "text": "| Long-term Debt Operating Leases Sub-lease Income | (in millions) | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 and thereafter | Total | Year ended December 31, | 2007 | (in millions) | Life insurance sales-1: | Excluding corporate-owned life insurance: | Variable life | Universal life | Term life | Total excluding corporate-owned life insurance | Corporate-owned life insurance | Total | Life insurance sales by distribution channel, excluding corporate-owned life insurance-1: | Prudential Agents | Third party | Total |"}
{"_id": "d81907006", "title": "", "text": "Long-term product offerings include alpha-seeking active and index strategies.\nOur alpha-seeking active strategies seek to earn attractive returns in excess of a market benchmark or performance hurdle while maintaining an appropriate risk profile, and leverage fundamental research and quantitative models to drive portfolio construction.\nIn contrast, index strategies seek to closely track the returns of a corresponding index, generally by investing in substantially the same underlying securities within the index or in a subset of those securities selected to approximate a similar risk and return profile of the index.\nIndex strategies include both our non-ETF index products and iShares ETFs.\nAlthough many clients use both alpha-seeking active and index strategies, the application of these strategies may differ.\nFor example, clients may use index products to gain exposure to a market or asset class, or may use a combination of index strategies to target active returns.\nIn addition, institutional non-ETF index assignments tend to be very large (multi-billion dollars) and typically reflect low fee rates.\nNet flows in institutional index products generally have a small impact on BlackRock’s revenues and earnings.\nEquity Year-end 2017 equity AUM totaled $3.372 trillion, reflecting net inflows of $130.1 billion.\nNet inflows included $174.4 billion into iShares ETFs, driven by net inflows into Core funds and broad developed and emerging market equities, partially offset by non-ETF index and active net outflows of $25.7 billion and $18.5 billion, respectively.\nBlackRock’s effective fee rates fluctuate due to changes in AUM mix.\nApproximately half of BlackRock’s equity AUM is tied to international markets, including emerging markets, which tend to have higher fee rates than U. S.  equity strategies.\nAccordingly, fluctuations in international equity markets, which may not consistently move in tandem with U. S.  markets, have a greater impact on BlackRock’s equity revenues and effective fee rate.\nFixed Income Fixed income AUM ended 2017 at $1.855 trillion, reflecting net inflows of $178.8 billion.\nIn 2017, active net inflows of $21.5 billion were diversified across fixed income offerings, and included strong inflows into municipal, unconstrained and total return bond funds.\niShares ETFs net inflows of $67.5 billion were led by flows into Core, corporate and treasury bond funds.\nNon-ETF index net inflows of $89.8 billion were driven by demand for liability-driven investment solutions.\nMulti-Asset BlackRock’s multi-asset team manages a variety of balanced funds and bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities, bonds, currencies and commodities, and our extensive risk management capabilities.\nInvestment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays.\nComponent changes in multi-asset AUM for 2017 are presented below."}
{"_id": "d86023944", "title": "", "text": "| In millions December 312014 December 312013 | Total consumer lending | Total commercial lending | Total TDRs | Nonperforming | Accruing (a) | Credit card | Total TDRs |"}
{"_id": "d8ed432e8", "title": "", "text": "CECONYs gas sales and deliveries, excluding off-system sales, in 2016 compared with 2015 were:"}
{"_id": "d8968e132", "title": "", "text": "| 2017 2016 2015 | Expected life (in years) | Average risk-free interest rate | Expected volatility | Expected dividend yield |"}
{"_id": "d8700527c", "title": "", "text": "| In millions December 312014 December 312013 | BlackRock | Tax credit investments (a) | Private equity | Visa | Other | Total | Accruing | Dollars in millions | December 31, 2014 | Commercial Lending | Commercial | Commercial real estate | Equipment lease financing | Total commercial lending | Consumer Lending | Home equity | Residential real estate (f) | Credit card | Other consumer (g) | Total consumer lending | Total | Percentage of total loans | December 31, 2013 | Commercial Lending | Commercial | Commercial real estate | Equipment lease financing | Total commercial lending | Consumer Lending | Home equity | Residential real estate (f) | Credit card | Other consumer (g) | Total consumer lending | Total | Percentage of total loans |"}
{"_id": "d8de10faa", "title": "", "text": "and initiatives, partially offset by the elimination of certain intercompany expenses previously charged to the International segment, and a tax benefit associated with a 2006 income tax expense related to a revision of an estimate.  ?\nIndias income from continuing operations decreased primarily due to headcount increases and growth initiatives, as well as the impact of valuation allowances established against losses in both years.  ?\nSouth Koreas income from continuing operations decreased due to a favorable impact in 2006 associated with the implementation of a more refined reserve valuation system, as well as additional expenses in 2007 associated with growth and infrastructure initiatives, partially offset by continued growth and lower DAC amortization, both in the variable universal life business.\nThe Auto & Home segments income from continuing operations increased primarily due to an increase in premiums and other revenues, an increase in net investment income, an increase in net investment gains and a decrease in other expenses.\nThese were partially offset by losses related to higher claim frequencies, higher earned exposures, higher losses due to severity, an increase in unallocated claims adjusting expenses and an increase from a reduction in favorable development of 2006 losses, partially offset by a decrease in catastrophe losses, which included favorable development of 2006 catastrophe liabilities, all of which are related to policyholder benefits and claims.\nCorporate & Others income from continuing operations increased primarily due to higher net investment income, lower net investment losses, lower corporate expenses, higher other revenues, integration costs incurred in 2006, and lower legal costs, partially offset by a decrease in tax benefits, higher interest expense on debt, higher interest on uncertain tax positions, and higher interest credited to bankholder deposits.\nRevenues and Expenses Premiums, Fees and Other Revenues Premiums, fees and other revenues increased by $1,609 million, or 6%, to $29,673 million for the year ended December 31, 2007 from $28,064 million for the comparable 2006 period.\nThe following table provides the 2007 change in premiums, fees and other revenues by segment:"}
{"_id": "d8b4e965e", "title": "", "text": "| Table 40 Commercial Credit Exposure by Type December 31 | Commercial Utilized-1 | (Dollars in millions) | Loans and leases | Derivative assets-4 | Standby letters of credit and financial guarantees | Debt securities and other investments-5 | Loans held-for-sale | Commercial letters of credit | Bankers’ acceptances | Foreclosed properties and other-6 | Total |"}
{"_id": "d8c0d814a", "title": "", "text": "| Year Ended December | $ in millions | Interest rates | Equity prices | Currency rates | Commodity prices | Diversification effect | Total |"}
{"_id": "d885b6350", "title": "", "text": "| 2015 2014 (In millions, except percentages) | Silicon Systems | Applied Global Services | Display | Energy and Environmental Solutions | Total |"}
{"_id": "d87e56be6", "title": "", "text": "ITEM 3.\nLEGAL PROCEEDINGS We are from time to time subject to various actions, claims, suits, government investigations, and other proceedings incidental to our business, including those arising out of alleged defects, breach of contracts, competition and antitrust matters, product warranties, intellectual property matters, personal injury claims and employment-related matters.\nIt is our opinion that the outcome of such matters will not have a material adverse impact on our consolidated financial position, results of operations, or cash flows.\nWith respect to warranty matters, although we cannot ensure that the future costs of warranty claims by customers will not be material, we believe our established reserves are adequate to cover potential warranty settlements.\nHowever, the final amounts required to resolve these matters could differ materially from our recorded estimates.\nGM Ignition Switch Recall In the first quarter of 2014, GM, Delphi’s largest customer, initiated a product recall related to ignition switches.\nDelphi has received requests for information from, and is cooperating with, various government agencies related to this ignition switch recall.\nIn addition, Delphi has been named as a co-defendant along with GM (and in certain cases other parties) in product liability and class action lawsuits related to this matter.\nDuring the second quarter of 2014, all of the class action cases were transferred to the United States District Court for the Southern District of New York (the “District Court”) for coordinated pretrial proceedings.\nTwo consolidated amended class action complaints were filed in the District Court on October 14, 2014.\nDelphi was not named as a defendant in either complaint.\nDelphi believes the allegations contained in the product liability cases are without merit, and intends to vigorously defend against them.\nAlthough no assurances can be made as to the ultimate outcome of these or any other future claims, Delphi does not believe a loss is probable and, accordingly, no reserve has been made as of December 31, 2014.\nUnsecured Creditors Litigation Under the terms of the Fourth Amended and Restated Limited Liability Partnership Agreement of Delphi Automotive LLP (the “Fourth LLP Agreement”), if cumulative distributions to the members of Delphi Automotive LLP under certain provisions of the Fourth LLP Agreement exceed $7.2 billion, Delphi, as disbursing agent on behalf of DPHH, is required to pay to the holders of allowed general unsecured claims against Old Delphi, $32.50 for every $67.50 in excess of $7.2 billion distributed to the members, up to a maximum amount of $300 million.\nIn December 2014, a complaint was filed in the Bankruptcy Court alleging that the redemption by Delphi Automotive LLP of the membership interests of GM and the PBGC, and the repurchase of shares and payment of dividends by Delphi Automotive PLC, constituted distributions under the terms of the Fourth LLP Agreement approximating $7.2 billion.\nDelphi considers cumulative distributions through December 31, 2014 to be substantially below the $7.2 billion threshold, and intends to vigorously contest the allegations set forth in the complaint.\nAccordingly, no accrual for this matter has been recorded as of December 31, 2014."}
{"_id": "d8ab3a9d2", "title": "", "text": "| December 31, 2010 December 31, 2009 | Industry-1 | (in millions) | Corporate securities: | Manufacturing | Utilities | Services | Finance | Energy | Retail and Wholesale | Transportation | Other | Total corporate securities | Asset-backed securities-2 | Commercial mortgage-backed | U.S. Government | Residential mortgage-backed | Foreign government-3 | State & Municipal | Total-4 |"}
{"_id": "d86826362", "title": "", "text": "Pension and Other Postretirement Benefit Plans Savings Plan We maintain a defined contribution plan covering eligible U. S.  employees.\nWe contribute 5% of eligible compensation for most of the plan participants.\nCertain plan participants’ contributions and Company contributions are based on collective bargaining agreements.\nThe total expense for our savings plan was approximately $48 million, $46 million, and $42 million for the years ended December 31, 2016, 2015 and 2014, respectively.\nPension Plans Our U. S.  pension plan is a defined benefit plan that covers substantially all of our U. S.  employees and provides benefits under a cash balance formula.\nA participant in the cash balance plan accrues benefits through contribution credits based on a combination of age and years of service, times eligible compensation.\nInterest is also credited to the participant’s plan account.\nA participant becomes fully vested in the plan after three years, and may take a lump sum distribution upon termination of employment or retirement.\nCertain collectively bargained and grandfathered employees continue to accrue benefits through career pay or final pay formulas.\nTwo of our subsidiaries, Kinder Morgan Canada Inc.  and Trans Mountain Pipeline Inc.  (as general partner of Trans Mountain Pipeline L. P. ), are sponsors of pension plans for eligible Canadian and Trans Mountain pipeline employees.\nThe plans include registered defined benefit pension plans, supplemental unfunded arrangements (which provide pension benefits in excess of statutory limits) and defined contributory plans.\nBenefits under the defined benefit components accrue through career pay or final pay formulas.\nThe net periodic benefit costs, contributions and liability amounts associated with our Canadian plans are not material to our consolidated income statements or balance sheets; however, we began to include the activity and balances associated with our Canadian plans (including our Canadian OPEB plans discussed below) in the following disclosures on a prospective basis beginning in 2016.\nThe associated net periodic benefit costs for these combined Canadian plans of $12 million and $10 million for the years ended December 31, 2015 and 2014, respectively, were reported separately in prior years.\nOther Postretirement Benefit Plans We and certain of our U. S.  subsidiaries provide other postretirement benefits (OPEB), including medical benefits for closed groups of retired employees and certain grandfathered employees and their dependents, and limited postretirement life insurance benefits for retired employees.\nOur Canadian subsidiaries also provide OPEB benefits to current and future retirees and their dependents.\nMedical benefits under these OPEB plans may be subject to deductibles, co-payment provisions, dollar\nhad no accrued penalties as of both December 31, 2017 and 2016 and $2 million in accrued penalties as of December 31, 2015.\nAll of the $97 million of unrecognized tax benefits, if recognized, would affect our effective tax rate in future periods.\nIn addition, we believe it is reasonably possible that our liability for unrecognized tax benefits will decrease by approximately $6 million during the next year to approximately $91 million, primarily due to lapses in statute of limitations partially offset by additions for state filing positions taken in prior years.\nWe are subject to taxation, and have tax years open to examination for the periods 2011-2016 in the U. S. , 2005-2016 in various states and 2007-2016 in various foreign jurisdictions.\nImpact of 2017 Tax Reform On December 22, 2017, the U. S.  enacted the 2017 Tax Reform.\nAmong the many provisions included in the 2017 Tax Reform is a provision to reduce the U. S.  federal corporate income tax rate from 35% to 21% effective January 1, 2018.\nAs of December 31, 2017, we had deferred tax assets related to our net operating loss carryforwards and tax credits, in addition to tax basis in excess of accounting basis primarily related to our investment in KMP.\nPrior to the 2017 Tax Reform, the value of these deferred tax assets was recorded at the previous income tax rate of 35%, which represented their expected future benefit to us.\nAs a result of the 2017 Tax Reform, the future benefit of these deferred tax assets was re-measured at the new income tax rate of 21% and we recorded an approximate $1,240 million provisional non-cash adjustment for the year ended December 31, 2017.\nWe determined the effects of the rate change using our best estimate of temporary book-to-tax differences.\nUpon final analysis and remeasurement of our deferred tax balances, the December 31, 2017 adjustment we recorded to reflect the change in corporate income tax rates may need to be adjusted in subsequent periods.\nIn addition, the 2017 Tax Reform will require a mandatory deemed repatriation of post-1986 undistributed foreign earnings and profits.\nAs of December 31, 2017, we have recorded a provisional amount for this 2017 Tax Reform provision and we are continuing to finalize earnings and profits used in this calculation as well assess other 2017 Tax Reform impacts to complete our analysis on this provision.\nHowever, we do not expect this provision of the 2017 Tax Reform to be material to us.\nThe income tax rate change in the 2017 Tax Reform had an impact not only on our corporate income taxes but also resulted in us recording an approximate $144 million after-tax ($219 million pre-tax) provisional non-cash adjustment, including our share of equity investee provisional adjustments, related to our FERC regulated business for the year ended December 31, 2017.\nWe have determined a reasonable estimate of its impact and recorded a provisional regulatory reserve as of December 31, 2017.\nHowever, as the impact on the regulatory rate making process is currently uncertain, we have not completed our assessment of the 2017 Tax Reform’s effect on our FERC regulated business.\nAs described above, we continue to assess the impact of the 2017 Tax Reform on our business in order to complete our analysis.\nAny adjustment to our provisional amounts will be reported in the reporting period in which any such adjustments are determined and may be material in the period in which the adjustments are made.6."}
{"_id": "d8a4eed76", "title": "", "text": "| At December 31, | 2010 | Criticized commercial loans, beginning of period | New additions/increases | Advances | Upgrades to Pass | Payments | Loan losses | Criticized commercial loans, end of period |"}
{"_id": "d8e6bf8b8", "title": "", "text": "| As of December 31, 2012 | Ownership | (In percentages) | InfraServ GmbH & Co. Gendorf KG | InfraServ GmbH & Co. Knapsack KG | InfraServ GmbH & Co. Hoechst KG |"}
{"_id": "d8bfb33b4", "title": "", "text": "(18) Concentration of Risk The Company generates a significant amount of revenue from large customers, however, no customers accounted for more than 10% of total revenue or total segment revenue in the years ended December 31, 2007, 2006 and 2005.\nFinancial instruments that potentially subject the Company to concentrations of credit risk consist primarily of cash equivalents and trade receivables.\nThe Company places its cash equivalents with high credit quality financial institutions and, by policy, limits the amount of credit exposure with any one financial institution.\nConcentrations of credit risk with respect to trade receivables are limited because a large number of geographically diverse customers make up the Companys customer base, thus spreading the trade receivables credit risk.\nThe Company controls credit risk through monitoring procedures."}
{"_id": "d8c22a07a", "title": "", "text": "| EntergyArkansas EntergyGulf StatesLouisiana EntergyLouisiana EntergyMississippi EntergyNew Orleans EntergyTexas SystemEnergy | (In Thousands) | 2011: | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | 2010: | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d892c83c2", "title": "", "text": "| 2012 2011 2010 | (in millions) | Total net revenues | Income (loss) from discontinued operations | Gain on sale | Income tax benefit | Loss from discontinued operations, net of tax |"}
{"_id": "d8d36255e", "title": "", "text": "| December 31, | 2009 | (In millions) | Fund Groupings: | Equity | Balanced | Bond | Money Market | Specialty | Total |"}
{"_id": "d8ef396ec", "title": "", "text": "| October 31, | 2005 | (in thousands) | Computer and other equipment | Buildings | Furniture and fixtures | Land | Leasehold improvements | 516,981 | Less accumulated depreciation and amortization | Total property and equipment, net |"}
{"_id": "d8159e28e", "title": "", "text": "As of 30 September 2016 and 2015, there were no assets or liabilities classified as discontinued operations relating to the Homecare business.5.  BUSINESS RESTRUCTURING AND COST REDUCTION ACTIONS The charges we record for business restructuring and cost reduction actions have been excluded from segment operating income.\nCost Reduction Actions In fiscal year 2016, we recognized an expense of $33.9 ($24.0 after-tax, or $.11 per share) for severance and other benefits related to cost reduction actions which resulted in the elimination of approximately 700 positions.\nThe expenses related primarily to the Industrial Gases – Americas and the Industrial Gases – EMEA segments.\nThe following table summarizes the carrying amount of the accrual for cost reduction actions at 30 September 2016:"}
{"_id": "d8bc6e46a", "title": "", "text": "The Government segments SG&A expense ratio was 13.5% for 2002, increasing 70 basis points compared to 12.8% in 2001.\nThis increase resulted from the items discussed above and a change in the mix of revenues.\nA higher proportion of revenues was generated from administrative services fees, primarily from the TRICARE Regions 2 and 5 acquisition and the implementation of the TRICARE for Life benefit programs effective October 1, 2001.\nASO business carries a much higher SG&A ratio than fully insured business.\nDepreciation and amortization was $120.7 million in 2002, a decrease of $40.8 million, or 25.3%, from $161.5 million in 2001.\nAs discussed in Note 2 to the consolidated financial statements, we ceased amortizing goodwill on January 1, 2002 in accordance with adopting a new accounting standard.\nThis decreased goodwill amortization by $55 million.\nOn a comparable basis, depreciation and amortization was $106.5 million in 2001, excluding goodwill amortization expense.\nThe $14.2 million increase in 2002 compared to 2001, as adjusted, resulted from capital expenditures primarily related to our technology initiatives and a full year of amortization of other intangible assets related to the acquisition of TRICARE Regions 2 and 5 on May 31, 2001.\nInterest Expense Interest expense was $17.3 million in 2002, a decrease of $8.0 million from $25.3 million in 2001.\nThis decrease primarily resulted from lower interest rates.\nIncome Taxes Our effective tax rate in 2002 of 32% decreased 4% compared to the 36% effective tax rate in 2001.\nThe lower effective tax rate in 2002 primarily resulted from the cessation of non-deductible goodwill amortization on January 1, 2002, partially offset by higher state income taxes and a lower proportion of tax-exempt investment income to pretax income.\nIn addition, during 2002, the Internal Revenue Service completed their audit of all open years prior to 2000, which resulted in a favorable adjustment to the estimated accrual for income taxes of approximately $32.6 million.\nThis was offset by an increase of approximately $24.5 million in the capital loss valuation allowance after we reevaluated probable capital gain realization in the allowable carryforward period based upon our capital gain experience beginning in 2000 and consideration of alternative tax planning strategies.\nSee Note 7 to the consolidated financial statements for a complete reconciliation to the federal statutory rate.\nLiquidity Our consolidated liquidity continued to strengthen in 2003, with cash and cash equivalents increasing to $931.4 million at December 31, 2003 from $721.4 million at December 31, 2002.\nBecause we operate as a holding company, our parent company is dependent upon dividends and administrative expense reimbursements from our subsidiaries, most of which are subject to regulatory restrictions.\nOur parent company liquidity also improved during 2003.\nCash, cash equivalents and short-term investments at our parent company amounted to $399.4 million at December 31, 2003, increasing $212.4 million from $187.0 million at December 31, 2002.\nThe primary source for the increase in cash and cash equivalents has been the increase in our net income.\nThe change in cash and cash equivalents for the years ended December 31, 2003, 2002 and 2001 is summarized as follows:"}
{"_id": "d87321316", "title": "", "text": "| Year Ended December 31, | 2018 | Dividend Reinvestment and Stock Purchase Plan | Conversion of DownREIT units | Exercise of stock options | Vesting of restricted stock units | Repurchase of common stock | December 31, | 2018 | Cumulative foreign currency translation adjustment-1 | Unrealized gains (losses) on derivatives, net | Supplemental Executive Retirement plan minimum liability and other | Total accumulated other comprehensive income (loss) |"}
{"_id": "d88465cc6", "title": "", "text": "variable annuities.\nIndividual variable annuity gross sales were $7.1 billion in 2005, an increase of $1.3 billion from 2004, reflecting the introduction of new product features late in the first quarter of 2005.2004 to 2003 Annual Comparison.\nSales of new life insurance, excluding corporate-owned life insurance, measured as described above, increased $50 million from 2003 to 2004.\nSales of our universal life products, which were updated as to features and pricing in June 2003, increased $46 million.\nSales of life insurance by Prudential Agents increased $6 million from 2003 to 2004, reflecting an increase in agent productivity that more than offset a decline in the number of agents from 4,320 at December 31, 2003 to 3,682 at December 31, 2004.\nSales by the third party distribution channel, excluding corporate-owned life insurance, increased $44 million from 2003 to 2004, reflecting increased universal and term life sales through this distribution channel.\nTotal account values for fixed and variable annuities amounted to $51.3 billion as of December 31, 2004, an increase of $3.8 billion from December 31, 2003.\nThe increase came primarily from increases in the market value of customers’ variable annuities, as well as net sales of $923 million.\nIndividual variable annuity gross sales increased by $1.4 billion, from $4.4 billion in 2003 to $5.8 billion in 2004, reflecting the inclusion of variable annuity sales from American Skandia for only the last eight months of 2003.\nFixed annuities gross sales increased by $285 million from 2003 to 2004, reflecting a new product introduced in 2004.\nSurrenders and withdrawals increased $1.6 billion from 2003 to 2004, reflecting the additional period of activity from American Skandia, as well as the impact of higher average account values."}
{"_id": "d8da80d7c", "title": "", "text": "| Four Quarters Ended Four Quarters Ended | Financial Covenants | Interest coverage ratio (not less than)1 | Actual interest coverage ratio | Leverage ratio (not greater than)1 | Actual leverage ratio | EBITDA1 |"}
{"_id": "d8942ed6a", "title": "", "text": "ILLUMINA, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) In accordance with SFAS No.142, Goodwill and Other Intangible Assets, the goodwill is not amortized, but will be subject to a periodic assessment for impairment by applying a fair-value-based test.\nNone of this goodwill is expected to be deductible for tax purposes.\nThe Company performs its annual test for impairment of goodwill in May of each year.\nThe Company is required to perform a periodic assessment between annual tests in certain circumstances.\nThe Company has performed its annual test of goodwill as of May 1, 2006 and has determined there was no impairment of goodwill during 2006.\nThe Company allocated $15.8 million of the purchase price to in-process research and development projects.\nIn-process research and development (IPR&D) represents the valuation of acquired, to-becompleted research projects.\nAt the acquisition date, CyVeras ongoing research and development initiatives were primarily involved with the development of its VeraCode technology and the BeadXpress Reader.\nThese two projects were approximately 50% and 25% complete at the date of acquisition, respectively.\nAs of December 31, 2006, these two projects were approximately 90% and 80% complete, respectively.\nThe value assigned to purchased IPR&D was determined by estimating the costs to develop the acquired technology into commercially viable products, estimating the resulting net cash flows from the projects, and discounting the net cash flows to their present value.\nThe revenue projections used to value the IPR&D were, in some cases, reduced based on the probability of developing a new technology, and considered the relevant market sizes and growth factors, expected trends in technology, and the nature and expected timing of new product introductions by the Company and its competitors.\nThe resulting net cash flows from such projects are based on the Companys estimates of cost of sales, operating expenses, and income taxes from such projects.\nThe rates utilized to discount the net cash flows to their present value were based on estimated cost of capital calculations.\nDue to the nature of the forecast and the risks associated with the projected growth and profitability of the developmental projects, discount rates of 30% were considered appropriate for the IPR&D.\nThe Company believes that these discount rates were commensurate with the projectsstage of development and the uncertainties in the economic estimates described above.\nIf these projects are not successfully developed, the sales and profitability of the combined company may be adversely affected in future periods.\nThe Company believes that the foregoing assumptions used in the IPR&D analysis were reasonable at the time of the acquisition.\nNo assurance can be given, however, that the underlying assumptions used to estimate expected project sales, development costs or profitability, or the events associated with such projects, will transpire as estimated.\nAt the date of acquisition, the development of these projects had not yet reached technological feasibility, and the research and development in progress had no alternative future uses.\nAccordingly, these costs were charged to expense in the second quarter of 2005."}
{"_id": "d81f402d8", "title": "", "text": "| $ in millions 2011 2010 $ Change % Change | Cash and cash equivalents | Unsettled fund receivables | Current investments | Assets held for policyholders | Non-current investments | Investments of consolidated investment products | Intangible assets, net | Goodwill | Unsettled fund payables | Policyholder payables | Current maturities of total debt | Long-term debt | Long-term debt of consolidated investment products | 2017 | Statutory Rate | Foreign jurisdiction statutory income tax rates | State taxes, net of federal tax effect | Impact of the 2017 Tax Act | Change in valuation allowance for unrecognized tax losses | Share Based Compensation | Other | (Gains)/losses attributable to noncontrolling interests | Effective tax rate per Consolidated Statements of Income |"}
{"_id": "d87097956", "title": "", "text": "Certain structured liabilities The Company has elected the fair value option for certain structured liabilities whose performance is linked to structured interest rates, inflation or currency risks (“structured liabilities”).\nThe Company elected the fair value option, because these exposures are considered to be trading-related positions and, therefore, are managed on a fair value basis.\nThese positions will continue to be classified as debt, deposits or derivatives (Trading account liabilities) on the Company’s Consolidated Balance Sheet according to their legal form.\nFor those structured liabilities classified as Long-term debt for which the fair value option has been elected, the aggregate unpaid principal balance exceeded the aggregate fair value by $125 million and $671 million as of December 31, 2009 and 2008, respectively.\nThe change in fair value for these structured liabilities is reported in Principal transactions in the Company’s Consolidated Statement of Income.\nRelated interest expense is measured based on the contractual interest rates and reported as such in the Consolidated Income Statement."}
{"_id": "d8c3d355c", "title": "", "text": "Use of Estimates The preparation of the accompanying Consolidated Financial Statements in conformity with U. S.  GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of reserves and expenses.\nThese estimates and assumptions are based on management's best estimates and judgments.\nManagement evaluates its estimates and assumptions on an ongoing basis using historical experience and other factors, including the current economic environment.\nManagement believes its estimates to be reasonable given the current facts available.\nAon adjusts such estimates and assumptions when facts and circumstances dictate.\nIlliquid credit markets, volatile equity markets, and foreign currency exchange rate movements increase the uncertainty inherent in such estimates and assumptions.\nAs future events and their effects cannot be determined, among other factors, with precision, actual results could differ significantly from these estimates.\nChanges in estimates resulting from continuing changes in the economic environment would, if applicable, be reflected in the financial statements in future periods.\nincrease was partially offset by a 1.3% comparable store sales decline and the unfavorable effect of fluctuations in foreign currency exchange rates.\nThe components of the net revenue increase in fiscal 2009 were as follows:"}
{"_id": "d8adec41e", "title": "", "text": "(1) Separate account assets represent segregated funds that are invested for certain customers.\nInvestment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts.\nSeparate account assets classified as Level 3 consist primarily of real estate and real estate investment funds.\nSeparate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Companys Consolidated Statement of Financial Position.\n(2) Netting amounts represent cash collateral and the impact of offsetting asset and liability positions held with the same counterparty.\n(3) Includes reclassifications to conform to current period presentation.\nThe methods and assumptions the Company uses to estimate fair value of assets and liabilities measured at fair value on a recurring basis are summarized below.\nInformation regarding Separate Account Assets is excluded as the risk of assets for these categories is primarily borne by our customers and policyholders."}
{"_id": "d888b5b8c", "title": "", "text": "| Millions of Dollars 2006 2005 2004 | Rental income | Net gain on non-operating asset dispositions | Interest income | Sale of receivables fees | Non-operating environmental costs and other | Total |"}
{"_id": "d869b4dbe", "title": "", "text": "| Net Sales Orders -1 Fiscal Year Ended September 30, | Net Homes Sold | 2014 | East | Midwest | Southeast | South Central | Southwest | West | 29,709 | Sales Order Cancellations Fiscal Year Ended September 30, | Cancelled Sales Orders | 2014 | East | Midwest | Southeast | South Central | Southwest | West | 9,057 |"}
{"_id": "d8aefb5b2", "title": "", "text": "| 2018 2017 2016 | Balance at January 1 | Extensions and Discoveries | Revisions | Acquisition of Reserves | Sale of Reserves | Conversion to Proved Developed Reserves | Balance at December 31 |"}
{"_id": "d8c3dd638", "title": "", "text": "CITIZENS FINANCIAL GROUP, INC.  MANAGEMENT'S DISCUSSION AND ANALYSIS 87 Net interest income of $3.1 billion in 2013 decreased $169 million, or 5%, from $3.2 billion in 2012, and reflected a four basis point decline in net interest margin to 2.85%.\nThe decrease in net interest income was driven by a reduction in earning asset yields given the relatively persistent low-rate environment, as well as a decrease in loan and securities portfolio balances, which were partially offset by a reduction in pay-fixed swap costs and improved deposit spreads.\nAverage interest-earning assets decreased $4.0 billion driven by a $2.9 billion decrease in consumer real estate secured portfolios, a $2.3 billion decrease in the investment securities portfolio and a $385 million decrease in student and other installment loans, which were partially offset by a $1.1 billion increase in total commercial loans and a $581 million increase in auto loans.\nThe four basis point decrease in net interest margin reflected the effect of the relatively persistent low-rate environment, which led to a decline in earning asset yields that outpaced our ability to reduce the cost of interest-bearing liabilities.\nThe decline in earning asset yields reflected continued prepayment of higher yielding consumer real estate secured loans as well as the contractual amortization of higher yield portfolios, which were entered into in higher interest rate environments.\nIn addition, intense industry- wide competition for loans compressed spreads on new originations and resulted in downward pressure on loan yields.\nTo a lesser extent, rates on interest-bearing deposits also declined compared to 2012.\nIndustry wide, net interest margins experienced downward pressure as higher rate loan and securities balances ran off and deposit rates approached floors beneath which they cannot be reduced further.\nThe net yield on average interest-earning assets decreased 20 basis points to 3.25% in 2013 from 3.45% in 2012, reflecting a 17 basis point decline in the loan and lease portfolio yield and a 35 basis point decline in the investment portfolio yield from 2012.\nThe decline in average yields largely reflected the effect of the continued low-rate environment as new loans and securities were issued at lower rates and prepayment speeds on higher rate fixed assets in the portfolio increased.\nInvestment portfolio income of $488 million decreased $136 million, or 22%, from 2012, and the yield on the portfolio declined 35 basis points to 2.29%.\nThese results were impacted by our strategic decision to slow down reinvestment activity in the first half of 2013, given extremely low levels of market rates.\nOur total interest-bearing deposit costs in 2013 decreased $159 million, or 42%, from $375 million in 2012 and reflected a 23 basis point decrease in the rate paid on deposits to 0.32% from 0.55% in 2012.\nThe rates paid on term deposits declined to 0.91% from 1.80% in 2012.\nAs a result of the historically low interest rate environment, many deposit products have hit pricing floors at or near zero, limiting further rate reductions and thus compressing margin.\nThe total cost of borrowed funds increased to 6.53% from 3.11% in 2012 due in part to additional subordinated debt issued in 2013 and the full expense impact of the subordinated debt issued in 2012, and also due to the impact of allocated hedge expense and netting of repurchase agreements.\nExcluding the cost of the hedge expense and netting, the total borrowed funds rates were 3.11% and 3.47% for 2013 and 2012, respectively."}
{"_id": "d8b8f377c", "title": "", "text": "Table 52: Enterprise  Wide Gains/Losses Versus Value-atRisk\nTotal customer-related trading revenue was as follows: Table 53: Customer-Related Trading Revenue (a)\n(a) Customer-related trading revenues exclude underwriting fees for both periods presented.\n(b) Includes changes in fair value for certain loans accounted for at fair value.\nCustomer-related trading revenues for 2014 decreased $86 million compared with 2013.\nThe decrease was primarily due to market interest rate changes impacting credit valuations for customer-related derivatives activities and reduced derivatives client sales revenues, which were partially offset by improved securities and foreign exchange client sales results."}
{"_id": "d8dfc2998", "title": "", "text": "On May 13, 2010, the shareholders of the Company approved the Regions Financial Corporation 2010 Long-Term Incentive Plan (2010 LTIP), which permits the Company to grant to employees and directors various forms of incentive compensation.\nThese forms of incentive compensation are similar to the types of compensation approved in prior plans.\nThe 2010 LTIP authorizes 100 million common share equivalents available for grant, where grants of options count as one share equivalent and grants of full value awards (e. g. , shares of restricted stock and restricted stock units) count as 2.25 share equivalents.\nUnless otherwise determined by the Compensation Committee of the Board of Directors, grants of restricted stock and restricted stock units accrue dividends as they are declared by the Board of Directors, and the dividends are paid upon vesting of the award.\nThe 2010 LTIP closed all prior long-term incentive plans to new grants, and accordingly, prospective grants must be made under the 2010 LTIP or a successor plan.\nAll existing grants under prior long-term incentive plans were unaffected by this amendment.\nThe number of remaining share equivalents available for future issuance under the 2010 LTIP was approximately 84 million at December 31, 2011.\nGrants of performance-based restricted stock typically have a one-year performance period, after which shares vest within three years after the grant date.\nRestricted stock units, which were granted in 2008, have a vesting period of five years.\nGenerally, the terms of these plans stipulate that the exercise price of options may not be less than the fair market value of Regions common stock at the date the options are granted; however, under prior stock option plans, non-qualified options could be granted with a lower exercise price than the fair market value of Regions common stock on the date of grant.\nThe contractual life of options granted under these plans ranges from seven to ten years from the date of grant.\nRegions issues new shares from authorized reserves upon exercise.\nGrantees of restricted stock awards or units must either remain employed with the Company for certain periods from the date of grant in order for shares to be released or issued or retire after meeting the standards of a retiree, at which time shares would be prorated and released."}
{"_id": "d8a89eb92", "title": "", "text": "Off-Balance Sheet Arrangements We enter into various off-balance-sheet arrangements in the ordinary course of business, primarily to meet the needs of our customers and to reduce our own exposure to interest rate risk.\nThese arrangements include firm commitments to extend credit and letters of credit.\nAdditionally, we enter into guarantees and other similar arrangements as part of transactions in the ordinary course of business.\nFor additional information on each of these arrangements, see Note 21—Commitments, Contingencies and Other Regulatory Matters of Item 8.\nFinancial Statements and Supplementary Data.\nContractual Obligations and Commitments The following table summarizes our contractual obligations at December 31, 2011 and the effect such obligations are expected to have on our liquidity and cash flow in future periods (dollars in millions):"}
{"_id": "d89ed62c2", "title": "", "text": "| 2010 % Change 2009 % Change 2008 | Revenue | Gross Profit | Gross Profit Margin |"}
{"_id": "d86261e54", "title": "", "text": "CITIZENS FINANCIAL GROUP, INC.  MANAGEMENT’S DISCUSSION AND ANALYSIS 44 Overview We are one of the nation’s oldest and largest financial institutions, with $149.5 billion of total assets as of December 31, 2016.\nHeadquartered in Providence, Rhode Island, we deliver a broad range of retail and commercial banking products and services to individuals, institutions and companies.\nOur approximately 17,600 colleagues strive to meet the financial needs of customers and prospects through approximately 1,200 branches and approximately 3,200 ATMs operated in 11 states in the New England, Mid-Atlantic and Midwest regions and through our online, telephone and mobile banking platforms.\nWe conduct our banking operations through two wholly-owned banking subsidiaries, Citizens Bank, N. A.  and Citizens Bank of Pennsylvania and we operate our businesses through two operating segments: Consumer Banking and Commercial Banking.\nConsumer Banking average loans and leases totaled $55.1 billion in 2016 compared with $51.5 billion in 2015 and represented approximately 55% of average total operating segment loan and lease balances (including loans held for sale) compared with 55% of average total operating segment loan and lease balances (including loans held for sale) in 2015.\nConsumer Banking serves retail customers and small businesses with annual revenues of up to $25 million with products and services that include deposit products, mortgage and home equity lending, student loans, auto financing, credit cards, business loans and wealth management and investment services.\nCommercial Banking average loans and leases totaled $45.9 billion in 2016 compared with $41.6 billion in 2015, and represented approximately 45% of average total operating segment loan and lease balances (including loans held for sale) compared with 45% of average total operating segment loan and lease balances (including loans held for sale) in 2015.\nCommercial Banking offers corporate, institutional and not-for-profit clients a full range of wholesale banking products and services including lending and deposits, capital markets, treasury services, foreign exchange and interest hedging, leasing and asset finance, specialty finance and trade finance.\nNon-core assets are primarily loans that are not aligned to our strategic priorities, generally as a result of geographic location, industry, product type, or risk level and are included in other.\nNon-core assets of $2.8 billion as of December 31, 2016 increased $422 million, or 18%, from December 31, 2015.\nThese results were driven by a $909 million increase in total commercial non-core loans related to the transfer of a $1.2 billion lease and loan portfolio tied to legacy RBS aircraft leasing borrowers that we placed in runoff following a review of Asset Finance in third quarter 2016.\nThe increase in commercial non-core loans was partially offset by a $616 million decrease in total retail non-core loans.\nThe largest component of our retail non-core portfolio is the home equity products serviced by others portfolio (a portion of which we now service internally).\nNon-core assets are included in Other along with the treasury function, securities portfolio, wholesale funding activities, goodwill, community development assets and other unallocated assets, liabilities, capital, revenues, provision for credit losses and expenses not attributed to the Consumer Banking or Commercial Banking segments.\nFor 2016, we recorded income before income tax expense and net income of $1.5 billion and $1.0 billion, respectively.2016 results included a $31 million pre-tax, or $19 million after-tax, benefit from notable items, presented below."}
{"_id": "d8bec3ddc", "title": "", "text": "BUSINESS SEGMENTS REVIEW We have six reportable business segments: ?\nRetail Banking ?\nCorporate & Institutional Banking ?\nAsset Management Group ?\nResidential Mortgage Banking ?\nBlackRock ?\nNon-Strategic Assets Portfolio Business segment results, including the basis of presentation of inter-segment revenues, and a description of each business are included in Note 23 Segment Reporting included in the Notes To Consolidated Financial Statements in Item 8 of this Report.\nCertain amounts included in this Business Segments Review section and the Business Segment Highlights in the Executive Summary section of this Item 7 differ from those amounts shown in Note 23, primarily due to the presentation in Item 7 of this Report of business net interest revenue on a taxable-equivalent basis.\nNote 23 presents results of businesses for 2015, 2014 and 2013."}
{"_id": "d8d6c5eee", "title": "", "text": "| 2013 2012 2011 | Beginning outstanding balance | Achieved | Released | Forfeited | Ending outstanding balance |"}
{"_id": "d899c58c8", "title": "", "text": "| Year Ended December 31, | 2017 | (in thousands) | Cash provided by operating activities | Cash provided by (used in) investing activities | Cash provided by financing activities | Effect of exchange rate changes | Net increase (decrease) in cash and cash equivalents |"}
{"_id": "d87dc68a2", "title": "", "text": "| December 31, | 2010 | NAIC 1 | NAIC 2 | NAIC 3 | NAIC 4 | NAIC 5 | NAIC 6 |"}
{"_id": "d8b8659f4", "title": "", "text": "9.\nPreferred and Common Stock Preferred Stock  Xcel Energy has authorized 7,000,000 shares of preferred stock with a $100 par value.\nAt Dec.  31, 2008 and 2007, Xcel Energy had six series of preferred stock outstanding, redeemable at its option at prices ranging from $102 to $103.75 per share plus accrued dividends.\nThe holders of the $3.60 series preferred stock are entitled to three votes per each share held.\nThe holders of the other series of preferred stock are entitled to one vote per share.\nIn the event dividends payable on the preferred stock of any series outstanding is in arrears in an amount equal to four quarterly dividends, the holders of preferred stocks, voting as a class, are entitled to elect the smallest number of directors necessary to constitute a majority of the Board of Directors.\nThe holders of common stock, voting as a class, are entitled to elect the remaining directors.\nThe charters of some of Xcel Energys subsidiaries also authorize the issuance of preferred stock.\nHowever, at Dec.  31, 2008 and 2007, there are no preferred shares of subsidiaries outstanding.\nThe following table lists preferred shares by subsidiary."}
{"_id": "d8aa515de", "title": "", "text": "| 2019 2018 2017 | Cost of sales | Research and development | Selling, marketing, general and administrative | Special charges | Total stock-based compensation expense |"}
{"_id": "d8b9aa238", "title": "", "text": "| Payment Period | Contractual Obligations | Debt-1 | Interest on fixed rate debt obligations-2 | Operating leases | Purchase obligations-3 | $16,264 |"}
{"_id": "d8b642c80", "title": "", "text": "| As of December 31, (in billions) 2003 2002 | Derivative receivables: | Derivative receivables MTM | Collateral held against derivatives | Derivative receivables – net current exposure | Reduction in exposure to 3-year average exposure | Economic credit exposure |"}
{"_id": "d89a6eab8", "title": "", "text": "Table VIII Selected Loan Maturity Data (1, 2)\n(1) Loan maturities are based on the remaining maturities under contractual terms.\n(2) Includes loans measured at fair value in accordance with SFAS 159.\n(3) Loan maturities include direct/indirect consumer, other consumer, commercial real estate and commercial–foreign loans."}
{"_id": "d8d845c9c", "title": "", "text": "On November 1, 2016, management evaluated the net assets of Alcoa Corporation for potential impairment and determined that no impairment charge was required.\nThe cash flows related to Alcoa Corporation have not been segregated and are included in the Statement of Consolidated Cash Flows for 2016.\nThe following table presents depreciation, depletion and amortization, restructuring and other charges, and purchases of property, plant and equipment of the discontinued operations related to Alcoa Corporation:"}
{"_id": "d86dcdd06", "title": "", "text": "| (Amounts in millions) 2008 2009 2010 2011 2012 Thereafter | Cash flow hedges-1: | Notional amount | Weighted average rate received | Weighted average rate paid | Fair value hedges-1: | Notional amount | Weighted average rate received | Weighted average rate paid | Nonhedges: | Receive fixed rate/pay variable rate: | Notional amount | Weighted average rate received | Weighted average rate paid | Receive variable rate/pay fixed rate: | Notional amount | Weighted average rate received | Weighted average rate paid | Basis swaps: | Notional amount | Weighted average rate received | Weighted average rate paid | Net notional |"}
{"_id": "d89a38602", "title": "", "text": "| Actual For Capital Adequacy  Purposes To Be Well Capitalized  Under Prompt Corrective  Action Provisions | Amount | As of March 31, 2011: | Total risk-based capital ratio-1 | Tier 1 risk-based capital ratio-2 | Tier 1 capital ratio (leverage)(3) | Tangible equity ratio-4 | As of March 31, 2010: | Total risk-based capital ratio-1 | Tier 1 risk-based capital ratio-2 | Tier 1 capital ratio (leverage)(3) | Tangible equity ratio-4 |"}
{"_id": "d8a7a8008", "title": "", "text": "| 2011 2010 2009 | External sales: | Residential Furnishings—Coated Fabrics Unit | Commercial Fixturing & Components—Storage Products Unit | External sales | Earnings (loss): | Residential Furnishings—Coated Fabrics Unit -1 | Commercial Fixturing & Components—Storage Products Unit -1 | Subsequent activity related to divestitures completed prior to 2009 -1(2) | Loss before interest and income taxes | Income tax benefit (expense) | Loss from discontinued operations, net of tax |"}
{"_id": "d8e68d7b4", "title": "", "text": "| Year Ended December 31, | 2018 | Net income (loss) applicable to common shares | NAREIT FFO | FFO as adjusted | FAD | As of December 31, 2010 | Notional | (in millions) | Financial assets with interest rate risk: | Fixed maturities -1 | Commercial mortgage and other loans | Policy loans | Derivatives: | Swaps | Futures | Options | Forwards | Variable annuity and other living benefit feature embedded derivatives -2 | Financial liabilities with interest rate risk: | Short-term and long-term debt | Debt of consolidated variable interest entities -3 | Investment contracts | Bank customer liabilities | Net estimated potential loss |"}
{"_id": "d8ec72f4e", "title": "", "text": "| Successor | Year Ended   December 31,   2006 | % of | $ | (In millions) | North America | Europe/Africa | Asia/Australia | Rest of World |"}
{"_id": "d8b3e32fa", "title": "", "text": "| Millions Dec. 31, 2011 Dec. 31, 2010 | Accounts payable | Income and other taxes | Accrued wages and vacation | Dividends payable | Accrued casualty costs | Interest payable | Equipment rents payable | Other | Total accounts payable and othercurrent liabilities |"}
{"_id": "d8eca4f1c", "title": "", "text": "| Years Ended December 31, | 2008 | (Thousands of dollars) | General partner distributions | Incentive distributions | Total distributions to general partner |"}
{"_id": "d85e20818", "title": "", "text": "Incurred Losses and LAE.\nThe following table presents the incurred losses and LAE for the U. S.  Reinsurance segment for the periods indicated."}
{"_id": "d8c73c540", "title": "", "text": "Results of Discontinued Operations Our discontinued operations generated after-tax income of $366.6 million and $141.4 million in fiscal 2015 and 2014, respectively.\nThe results of discontinued operations for fiscal 2015 include a pre-tax gain of $625.6 million ($379.6 million after-tax) recognized on the formation of the Ardent Mills joint venture.\nThe results for fiscal 2014 reflect a pre-tax gain of $90.0 million ($55.7 million after-tax) related to the disposition of three flour milling facilities as part of the Ardent Mills formation.\nIn fiscal 2014, we also completed the sale of a small snack business, Medallion Foods, for $32.0 million in cash.\nWe recognized an after-tax loss of $3.5 million on the sale of this business in fiscal 2014.\nIn fiscal 2014, we recognized an impairment charge related to allocated amounts of goodwill and intangible assets, totaling $15.2 million after-tax, in anticipation of this divestiture.\nWe also completed the sale of the assets of the Lightlife? business for $54.7 million in cash.\nWe recognized an after-tax gain of $19.8 million on the sale of this business in fiscal 2014."}
{"_id": "d872efe9c", "title": "", "text": "| Year EndedDecember 31, | 2016 | Reported tax rate | Impact of certain receipts/charges* | 12.4% | (in millions) | Deposits with a stated maturity of less than one year-1 (2) | Term deposits-1 | Long-term borrowed funds-1 (3) | Contractual interest payments-4 | Operating lease obligations | Purchase obligations-5 | Total outstanding contractual obligations | December 31, | (dollars in millions) | Commitment amount: | Undrawn commitments to extend credit | Financial standby letters of credit | Performance letters of credit | Commercial letters of credit | Marketing rights | Risk participation agreements | Residential mortgage loans sold with recourse | Total |"}
{"_id": "d8b8ed44e", "title": "", "text": "| Outstandings Nonperforming Accruing Past Due   90 Days or More | December 31 | (Dollars in millions) | U.S. commercial-2 | Commercial real estate-3 | Commercial lease financing | Non-U.S.commercial | 278,950 | U.S. small business commercial-4 | Total commercial loans excluding loans measured at fair value | Total measured at fair value-5 | Total commercial loans and leases |"}
{"_id": "d8c898880", "title": "", "text": "| Total Return-1 | Vornado | Three-month | One-year | Three-year | Five-year | Ten-year |"}
{"_id": "d8a0bce88", "title": "", "text": "Notes to Consolidated Financial Statement 03 ?PROPERTY ACQUISITIONS 2010 ACQUISITIONS In January 2010, we became the sole owner of 100 Church Street, a 1.05?\nmillion square-foot (unaudited) office tower located in downtown Manhattan, following the successful foreclosure of the senior mezzanine loan at the property.\nOur initial investment totaled $40.9?million, which was comprised of a 50% interest in the senior mezzanine loan and two other mezzanine loans at 100 Church Street, which we acquired from Gramercy Capital Corp.  (NYSE: GKK), or Gramercy, in the summer of 2007.\nAt closing of the foreclosure, we funded an additional $15.0?million of capital into the project as part of our agreement with Wachovia Bank, N. A.  to extend and restructure the existing financing.\nGramercy declined to fund its share of this capital and instead transferred its interests in the investment to us at closing.\nThe restructured $139.7?million mortgage carries an interest rate of 350 basis points over the 30-day LIBOR.\nThe restructured mortgage matures in January 2013 and has a one-year extension option.\nThe following summarizes our allocation of the purchase price of the assets acquired and liabilities assumed upon the completion of the foreclosure of 100 Church Street (in thousands):"}
{"_id": "d8bc26cf0", "title": "", "text": "Regional Affiliates’ passenger revenues, which are based on industry standard proration agreements for flights connecting to American flights, increased $315 million or 15.7 percent as a result of passenger yield increase of 8.4 percent.\nRegional Affiliates’ traffic increased 6.7 percent to 8.8 billion revenue passenger miles (RPMs), while capacity increased 5.3 percent to 12.2 billion ASMs, resulting in a 1.0 point increase in passenger load factor to 72.4 percent.\nCargo revenues increased 16.3 percent, or $94 million, primarily as a result of increased volume, particularly in the Latin America and Pacific regions.\nOther revenues increased 5.3 percent, or $120 million, to $2.4 billion due to increases in certain passenger service charge volumes and fees and increased revenue associated with the sale of mileage credits in the AAdvantage frequent flyer program.\nOperating Expenses 2010 Compared to 2009 The Company’s total operating expenses increased 4.5 percent, or $939 million, to $22 billion in 2010 compared to 2009.\nAmerican’s mainline operating expenses per ASM in 2010 increased 3.2 percent compared to 2009 to 12.62 cents.\nThe increase in operating expense was largely due to a year-over-year increase in fuel prices from $2.01 per gallon in 2009 to $2.31 per gallon in 2010, including the impact of fuel hedging.\nFuel expense was the Company’s second largest single expense category in 2010 and the price increase resulted in $716 million in incremental year-over-year fuel expense in 2010 (based on the year-over-year increase in the average price per gallon multiplied by gallons consumed, inclusive of the impact of fuel hedging).\nA return to the recent historically high fuel prices and/or disruptions in the supply of fuel would further materially adversely affect the Company’s financial condition and results of operations.\nThe remaining increase in operating expense"}
{"_id": "d8a522cfc", "title": "", "text": "A discussion of each of Torchmarks segments follows.\nThe following discussions are presented in the manner we view our operations, as described in Note 14Business Segments\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) the realization of this investment gain ($5,624 net of the award).\nThis award, which will be paid out over a three-year period, is presented as Deferred compensation award on the balance sheet.\nAs of December 31, 2002, $1,504 had been paid against this compensation award.401(K) Plan During August 1997, the Company implemented a 401(K) Savings/Retirement Plan (the 401(K) Plan) to cover eligible employees of the Company and any designated affiliate.\nThe 401(K) Plan permits eligible employees of the Company to defer up to 15% of their annual compensation, subject to certain limitations imposed by the Code.\nThe employees elective deferrals are immediately vested and non-forfeitable upon contribution to the 401(K) Plan.\nDuring 2000, the Company amended its 401(K) Plan to include a matching contribution, subject to ERISA limitations, equal to 50% of the first 4% of annual compensation deferred by an employee.\nFor the years ended December 31, 2002, 2001 and 2000, the Company made matching contributions of $140, $116 and $54, respectively.18.\nCommitments and Contingencies The Company and the Operating Partnership are not presently involved in any material litigation nor, to their knowledge, is any material litigation threatened against them or their properties, other than routine litigation arising in the ordinary course of business.\nManagement believes the costs, if any, incurred by the Company and the Operating Partnership related to this litigation will not materially affect the financial position, operating results or liquidity of the Company and the Operating Partnership.\nOn October 24, 2001, an accident occurred at 215 Park Avenue South, a property which the Company manages, but does not own.\nPersonal injury claims have been filed against the Company and others by 11 persons.\nThe Company believes that there is sufficient insurance coverage to cover the cost of such claims, as well as any other personal injury or property claims which may arise.\nThe Company has entered into employment agreements with certain executives.\nSix executives have employment agreements which expire between November 2003 and December 2007.\nThe cash based compensation associated with these employment agreements totals approximately $2,125 for 2003.\nDuring March 1998, the Company acquired an operating sub-leasehold position at 420 Lexington Avenue.\nThe operating sub-leasehold position requires annual ground lease payments totaling $6,000 and sub-leasehold position payments totaling $1,100 (excluding an operating sub-lease position purchased January 1999).\nThe ground lease and sub-leasehold positions expire 2008.\nThe Company may extend the positions through 2029 at market rents.\nThe property located at 1140 Avenue of the Americas operates under a net ground lease ($348 annually) with a term expiration date of 2016 and with an option to renew for an additional 50 years.\nThe property located at 711 Third Avenue operates under an operating sub-lease which expires in 2083.\nUnder the sublease, the Company is responsible for ground rent payments of $1,600 annually which increased to $3,100 in July 2001 and will continue for the next ten years.\nThe ground rent is reset after year ten based on the estimated fair market value of the property.\nIn April 1988, the SL Green predecessor entered into a lease agreement for property at 673 First Avenue in New York City, which has been capitalized for financial statement purposes.\nLand was estimated to be approximately 70% of the fair market value of the property.\nThe portion of the lease attributed to land is classified as an operating lease and the remainder as a capital lease.\nThe initial lease term is 49 years with an option for an additional 26 years.\nBeginning in lease years 11 and 25, the lessor is entitled to additional rent as defined by the lease agreement.\nThe Company continues to lease the 673 First Avenue property which has been classified as a capital lease with a cost basis of $12,208 and cumulative amortization of $3,579 and $3,306 at December 31, 2002 and 2001, respectively.\nThe following is a schedule of future minimum lease payments under capital leases and noncancellable operating leases with initial terms in excess of one year as of December 31, 2002."}
{"_id": "d8aba74ba", "title": "", "text": "(1) See Non-GAAP Financial Measures for further information on and reconciliation of as adjusted items.\n(2) Net of net income (loss) attributable to NCI.\nThe Companys tax rate is affected by tax rates in foreign jurisdictions and the relative amount of income earned in those jurisdictions, which the Company expects to be fairly consistent in the near term.\nThe significant foreign jurisdictions that have lower statutory tax rates than the U. S.  federal statutory rate of 35% include the United Kingdom, Channel Islands, Ireland and Canada.\nU. S.  income taxes were not provided for certain undistributed foreign earnings intended to be indefinitely reinvested outside the United States.2016.\nIncome tax expense (GAAP) reflected: ?\na net noncash benefit of $30 million, primarily associated with the revaluation of certain deferred income tax liabilities; and ?\na benefit from $65 million of nonrecurring items, including the resolution of certain outstanding tax matters.\nThe as adjusted effective tax rate of 29.6% for 2016 excluded the net noncash benefit of $30 million mentioned above, as it will not have a cash flow impact and to ensure comparability among periods presented.2015.\nIncome tax expense (GAAP) reflected: ?\na net noncash benefit of $54 million, primarily associated with the revaluation of certain deferred income tax liabilities; and ?\na benefit from $75 million of nonrecurring items, primarily due to the realization of losses from changes in the Companys organizational tax structure and the resolution of certain outstanding tax matters.\nThe as adjusted effective tax rate of 28.4% for 2015 excluded the net noncash benefit of $54 million mentioned above, as it will not have a cash flow impact and to ensure comparability among periods presented 2014.\nIncome tax expense (GAAP) reflected: ?\na $94 million tax benefit, primarily due to the resolution of certain outstanding tax matters related to the acquisition of BGI, including the previously mentioned $50 million tax benefit (see Executive Summary for more information); ?\na $73 million net tax benefit related to several favorable nonrecurring items; and ?\na net noncash benefit of $9 million associated with the revaluation of deferred income tax liabilities.\nThe as adjusted effective tax rate of 26.6% for 2014 excluded the $9 million net noncash benefit as it will not have a cash flow impact and to ensure comparability among periods presented and the $50 million tax benefit mentioned above.\nThe $50 million general and administrative expense and $50 million tax benefit have been excluded from as adjusted results as there is no impact on BlackRocks book value."}
{"_id": "d8a9f8826", "title": "", "text": "| Location Description Building  Size  (SqFt) Property  Size  (Acres) Owned /  Leased Lease  Termination  Date | Rig Technology: | Lanzhou, China | Pampa, Texas | Houston, Texas | Ulsan, South Korea | Houston, Texas | Houston, Texas | Fort Worth, Texas | Sugar Land, Texas | Cedar Park, Texas | Carquefou, France | Galena Park, Texas | Lafayette,Louisiana | Aberdeen, Scotland | Houston, Texas | Kristiansand,Norway | Orange, California | Singapore | Anderson, Texas | Houston, Texas | Duncan, Oklahoma | Conroe, Texas | Molde, Norway | Etten Leur,Netherlands | Sogne, Norway | Edmonton, Canada | Stavanger, Norway | Dubai, UAE | Aracaju, Brazil | New Iberia, Louisiana |"}
{"_id": "d8d77291e", "title": "", "text": "ÿþOperation and Maintenance  The following table and ensuing discussions provide explanations for the variances related to the major  components of operation and maintenance expense:  @T@  In 2017, operation and maintenance expense decreased $35 million, or 9.4%\n  $44 million decrease in operating supplies and services principally due to lower capital upgrades in our  Military Services Group in 2017, as discussed above, as well as lower advertising and marketing  expense in our Homeowners Services Group; partially offset by a  $3 million increase in employee-related costs largely attributable to higher headcount in Keystone due to an increase in operations as a result of market recovery in the natural gas industry, offset in part in  our Contract Operations Group as several contracts were completed in 2017; and a  $5 million increase in other mainly due to an increase in customer uncollectible expense in our  Homeowner Services Group as a result of contract growth in 2017.\n  In 2016, operation and maintenance expense increased $14 million, or 3.9%\n  $11 million increase from Keystone, which was acquired in the third quarter of 2015, including   $8 million in employee-related costs and $1 million each in production costs, operating supplies and   services, and an;   $11 million increase in maintenance materials and supplies largely attributable to contract growth in   our Homeowner Services and Contract Operations Groups, and higher claims"}
{"_id": "d8e95dcfa", "title": "", "text": "| Revenues Property, Plant and Equipment | Dollars in Millions | United States | Europe | Rest of the World | Other(a) | Total |"}
{"_id": "d8b74089e", "title": "", "text": "Ameren Missouris cash used in investing activities increased $76 million during 2012, compared with 2011.\nCapital expenditures increased $45 million primarily because of increased expenditures for maintenance and reliability, boiler, and turbine projects, which more than offset a $29 million decrease in storm restoration costs.\nCash flows used in investing activities also increased due to a $29 million increase in nuclear fuel expenditures due to timing of purchases for the spring 2013 reload.\nIn 2012, cash flows from investing activities benefited from $18 million of federal tax grants received related to renewable energy construction projects.\nIn 2011, cash flows used in investing activities benefited from a $9 million payment received from a settlement with the DOE related to nuclear waste disposal."}
{"_id": "d8aadb4b4", "title": "", "text": "| As of December | $ in millions | Held for investment | Held for sale | At fair value | Total |"}
{"_id": "d860bbc26", "title": "", "text": "| (In millions) 2009 2008 2007 | Revenues applicable to discontinued operations | Pretax income from discontinued operations |"}
{"_id": "d8b849164", "title": "", "text": "| December 31, 2007 | Employee Stock Options | Weighted Average Remaining Contractual Term | (in years) | Outstanding | Vested and expected to vest | Exercisable | Restricted Stock Shares | Restricted at December 31, 2004 | Granted | Forfeited | Performance adjustment-2 | Released | Restricted at December 31, 2005 | Granted | Forfeited | Performance adjustment-2 | Released | Restricted at December 31, 2006 | Granted | Forfeited | Performance adjustment-2 | Released | Restricted at December 31, 2007 |"}
{"_id": "d88c885a2", "title": "", "text": "| 2009 2008 2007 | Basic earnings per share | As reported | Two-class method | Diluted earnings per share-1 | As reported | Two-class method |"}
{"_id": "d8c2e4402", "title": "", "text": "| Year Ended December 31, | 2008 | Statement of Operations Data: | Revenue | Expenses: | Cost of operations | Depreciation amortization and depletion | Accretion | Selling, general and administrative | Asset impairments | Restructuring charges | Operating income | Interest expense | Interest income | Other income (expense), net | Income before income taxes | Provision for income taxes | Minority interests | Net income | Basic earnings per share: | Basic earnings per share | Weighted average common shares outstanding | Diluted earnings per share: | Diluted earnings per share | Weighted average common and common equivalent shares outstanding | Cash dividends per common share |"}
{"_id": "d86e581c2", "title": "", "text": "| Loss ratio(a) 124.2 100.7 73.7 23.5 27.0 | Acquisition ratio | General operating expense ratio | Expense ratio | Combined ratio(a) | Adjustments for accident year loss ratio, as adjusted, and accident year combined ratio, as adjusted: | Catastrophe losses and reinstatement premiums | Prior year development net of premium adjustments | Accident year loss ratio, as adjusted | Accident year combined ratio, as adjusted |"}
{"_id": "d8e0fbef4", "title": "", "text": "| Net open position long/(short) | Derivatives designated as hedging contracts | Crude oil | Natural gas fixed price | Natural gas basis | Derivatives not designated as hedging contracts | Natural gas basis |"}
{"_id": "d8c8545f4", "title": "", "text": "| 2016 2015 2014 2013 | $22,503 |"}
{"_id": "d86d88cba", "title": "", "text": "| (in millions) 2017 2016 2015 2017 v. 2016 2016 v. 2015 | Revenue | Gross profit | Gross margin | Total operating expenses | Expense to revenue ratio | Restructuring and realignment costs | Sensus acquisition related charges | Special charges | Operating expenses excluding restructuring and realignment costs, Sensus acquisition related costs and special charges | Expense to revenue ratio | Operating income | Operating margin | Interest and other non-operating expense (income), net | (Loss)/gain from sale of businesses | Income tax expense | Tax rate | Net income |"}
{"_id": "d89e8d02c", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | 2012 | Attritional | Catastrophes | A&E | Total segment | 2011 | Attritional | Catastrophes | A&E | Total segment | 2010 | Attritional | Catastrophes | A&E | Total segment | Variance 2012/2011 | Attritional | Catastrophes | A&E | Total segment | Variance 2011/2010 | Attritional | Catastrophes | A&E | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d89774a38", "title": "", "text": "| Options Outstanding Options Exercisable | Range ofExercise Prices | $3.09 — $9.99 | $10.00 — $19.99 | 6 | Options exercisable and expected to become exercisable |"}
{"_id": "d8b5b92be", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | Balance at January 1 | Additions based on tax positions related to the current year | Additions based on tax positions of prior years | Reductions for tax positions of prior years | Settlements | Balance at December 31 |"}
{"_id": "d8199c9bc", "title": "", "text": "| Years Ended December 31 2011 2010 | Derivatives designated in fair value hedging relationships | Interest rate swap contracts | Amount of gain recognized inOther (income) expense, neton derivatives | Amount of loss recognized inOther (income) expense, neton hedged item | Derivatives designated in foreign currency cash flow hedging relationships | Foreign exchange contracts | Amount of loss reclassified fromAOCItoSales | Amount of loss (gain) recognized inOCIon derivatives | Derivatives designated in foreign currency net investment hedging relationships | Foreign exchange contracts | Amount of gain recognized inOther (income) expense, netonderivatives(1) | Amount of loss recognized inOCIon deriviatives | Derivatives not designated in a hedging relationship | Foreign exchange contracts | Amount of gain recognized inOther (income) expense, netonderivatives(2) | Amount of gain recognized inSales |"}
{"_id": "d8c555088", "title": "", "text": "(1) Diversification benefit equals the difference between the total VaR and the sum of the component VaRs.\nThis benefit arises because the simulated one-day losses for each of the components occur on different days; similar diversification benefits also are taken into account within each component.\n(2) N/A–Not Applicable.\nThe minimum and maximum VaR values for the total VaR and each of the component VaRs might have occurred on different days during the year, and therefore the diversification benefit is not an applicable measure.\nThe current VaR model estimates are lower than the VaR estimates produced under the prior model because the prior model places more emphasis on the large market moves experienced during the 2008 financial crisis, whereas the current model emphasized more recent volatility, which has been generally lower.\nVaR Statistics under Varying Assumptions.\nVaR statistics are not readily comparable across firms because of differences in the breadth of products included in each firm’s VaR model, in the statistical assumptions made when simulating changes in market risk factors, and in the methods used to approximate portfolio revaluations under the simulated market conditions.\nThese differences can result in materially different VaR estimates for similar portfolios.\nThe impact varies depending on the factor history assumptions, the frequency with which the factor history is updated, and the confidence level.\nAs a result, VaR statistics are more reliable and relevant when used as indicators of trends in risk taking rather than as a basis for inferring differences in risk taking across firms."}
{"_id": "d8d4906b0", "title": "", "text": "| December 31, 2016 December 31, 2015-1 | PrudentialFinancial | (in millions) | General obligation short-term debt: | Commercial paper | Current portion of long-term debt | Subtotal | General obligation long-term debt: | Senior debt | Junior subordinated debt | Surplus notes -2 | Subtotal | Total general obligations | Limited and non-recourse borrowings -3 | Current portion of long-term debt | Long-term debt | Subtotal | Total borrowings |"}
{"_id": "d8f65b9b6", "title": "", "text": "| 2014 2013 2012 | (In millions) | Gross amounts of unrecognized tax benefits as of the beginning of the period | Increases related to prior period tax positions | Decreases related to prior period tax positions | Increases related to current period tax positions | Settlements | Gross amounts of unrecognized tax benefits as of the end of the period |"}
{"_id": "d87ab1964", "title": "", "text": "| (in billions, except ratios) 2003 2002 Change | Loan and lease receivables | Average loan and lease receivables | Automobile origination volume | Automobile market share | 30+ day delinquency rate | Net charge-off ratio | Overhead ratio |"}
{"_id": "d877631cc", "title": "", "text": "| Company / Index 2009 2010 2011 2012 2013 2014 | Teleflex Incorporated | S&P 500 Index | S&P 500 Healthcare Equipment & Supply Index |"}
{"_id": "d8e57a020", "title": "", "text": "Perrigo Company plc - Item 7 Financial Condition, Liquidity and Capital Resources Contractual Obligations Our enforceable and legally binding obligations as of December 31, 2018 are set forth in the following table.\nSome of the amounts included in this table are based on management’s estimates and assumptions about these obligations, including the duration, the possibility of renewal, anticipated actions by third parties and other factors.\nBecause these estimates and assumptions are necessarily subjective, the enforceable and legally binding obligations actually paid in future periods may vary from the amounts reflected in the table (in millions):"}
{"_id": "d8f0dc3fa", "title": "", "text": "| Payments Due During the Year Ending December 31, Debt Leases Purchase Obligations Total | 2019 | 2020 | 2021 | 2022 | 2023 | Thereafter | $12,522 |"}
{"_id": "d82787b30", "title": "", "text": "Equity Securities The net change in unrealized gains (losses) from equity securities, still held at period end, recorded within Other income (loss), was $(1,157) million during the year ended December 31, 2018.\nThe net change in unrealized gains (losses) from equity securities, still held at period end, recorded within Other comprehensive income (loss), was $(494) million and $760 million during the years ended December 31, 2017 and 2016, respectively.\nBenefits and expenses increased $735 million.\nExcluding the impact of our annual reviews and update of assumptions and other refinements, as discussed above, benefits and expenses increased $709 million primarily driven by an increase in policyholders benefits, including the change in policy reserves, related to the increase in premiums discussed above.\nAccount Values Account values are a significant driver of our operating results, and are primarily driven by net additions (withdrawals) and the impact of market changes.\nThe income we earn on most of our fee-based products varies with the level of fee-based account values, since many policy fees are determined by these values.\nThe investment income and interest we credit to policyholders on our spread-based products varies with the level of general account values.\nTo a lesser extent, changes in account values impact our pattern of amortization of DAC and VOBA and general and administrative expenses.\nThe following table shows the changes in the account values and net additions (withdrawals) of Retirement segment products for the periods indicated.\nNet additions (withdrawals) are plan sales and participant deposits or additions, as applicable, minus plan and participant withdrawals and benefits.\nAccount values include both internally- and externallymanaged client balances as the total balances drive revenue for the Retirement segment.\nFor more information on internally-managed balances, see PGIM."}
{"_id": "d862f0a82", "title": "", "text": "| JPMorgan Chase & Co.(d) | (in millions,except ratios) | Regulatory capital | CET1 capital | Tier 1 capital(a) | Total capital | Assets | Risk-weighted | Adjusted average(b) | Capital ratios(c) | CET1 | Tier 1(a) | Total | Tier 1 leverage |"}
{"_id": "d885d3022", "title": "", "text": "| Units Weighted-Average Grant-Date Fair Value Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value | Outstanding at January 1, 2009 | Granted | Converted | Forfeited/expired | Outstanding at December 31, 2009 | PSUs vested at December 31, 20091 |"}
{"_id": "d861c8bdc", "title": "", "text": "| Millions of kWhs Delivered Revenues in Millions | Twelve Months Ended | Description | Residential/Religious(a) | Commercial/Industrial | Retail access customers | NYPA, Municipal Agency and other sales | Other operating revenues | Total |"}
{"_id": "d8e1f74ca", "title": "", "text": "NOTE 17.\nVARIABLE INTEREST ENTITIES (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Under applicable authoritative accounting guidance, a variable interest entity (VIE) is an entity that conducts a business or holds property that possesses any of the following characteristics: an insufficient amount of equity at risk to finance its activities, equity owners who do not have the power to direct the significant activities of the entity (or have voting rights that are disproportionate to their ownership interest), or where equity holders do not receive expected losses or returns.\nAn entity may have an interest in a VIE through ownership or other contractual rights or obligations, and is required to consolidate a VIE if it is the VIE’s primary beneficiary.\nThe primary beneficiary of a VIE is the entity that has the power to direct the activities of the VIE that most significantly affect the VIE’s economic performance, and has the obligation to absorb losses or has the right to residual returns that would potentially be significant to the entity.\nENTERGY MISSISSIPPI, INC.  MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS Results of Operations Net Income 2016 Compared to 2015 Net income increased $16.5 million primarily due to lower other operation and maintenance expenses, higher net revenues, and a lower effective income tax rate, partially offset by higher depreciation and amortization expenses.2015 Compared to 2014 Net income increased $17.9 million primarily due to the write-off in 2014 of the regulatory assets associated with new nuclear generation development costs as a result of a joint stipulation entered into with the Mississippi Public Utilities Staff, subsequently approved by the MPSC, partially offset by higher depreciation and amortization expenses, higher taxes other than income taxes, higher other operation and maintenance expenses, and lower net revenue.\nSee Note 2 to the financial statements for discussion of the new nuclear generation development costs and the joint stipulation.\nNet Revenue 2016 Compared to 2015 Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges (credits).\nFollowing is an analysis of the change in net revenue comparing 2016 to 2015."}
{"_id": "d8e675c18", "title": "", "text": "| December 31, | 2006 | (In millions) | Balance Sheet Data-1 | Assets: | General account assets | Separate account assets | Total assets-2 | Liabilities: | Life and health policyholder liabilities-7 | Property and casualty policyholder liabilities-7 | Short-term debt | Long-term debt | Junior subordinated debt securities | Payables for collateral under securities loaned and other transactions | Other | Separate account liabilities | Total liabilities-2 | Company-obligated mandatorily redeemable securities of subsidiary trusts | Stockholders’ Equity | Preferred stock, at par value | Common stock, at par value | Additional paid-in capital | Retained earnings | Treasury stock, at cost | Accumulated other comprehensive income-8 | Total stockholders’ equity | Total liabilities and stockholders’ equity |"}
{"_id": "d8d9ff9a2", "title": "", "text": "ITEM 3.\nLEGAL PROCEEDINGS A lawsuit has been filed against us in California alleging violations of state laws regarding employee record- keeping, meal and rest breaks, payment of overtime and related practices with respect to our employees.\nThe case seeks damages, penalties and attorneys fees on behalf of a purported class of our present and former employees.\nWe are currently investigating these claims, and although we have various defenses, it is not possible at this time to reasonably estimate the outcome of or any potential liability from this case.\nWere involved in various other claims and legal actions that arise in the ordinary course of business.\nWe do not believe that the ultimate resolution of these actions will have a material adverse effect on our financial position, results of operations, liquidity or capital resources.\nHowever, a significant increase in the number of these claims, or one or more successful claims under which we incur greater liabilities than we currently anticipate could materially and adversely affect our business, financial condition, results of operation and cash flows."}
{"_id": "d8b642ca8", "title": "", "text": "The following table reconciles commercial lendingrelated commitments on a GAAP basis with the Firms Economic credit exposure basis, a non-GAAP financial measure.\nReconciliation of Commercial Lending-Related Commitments to Economic Credit Exposure"}
{"_id": "d863c21ae", "title": "", "text": "Table of Contents outcomes of completed trials and the most current information regarding anticipated timing, progression, and related costs of pre-trial activities and trials in the associated litigation.\nThe amount of legal defense reserves as of December 31, 2013 and December 31, 2012 of approximately $160 million and $260 million, respectively, represents the Company’s best estimate of the minimum amount of defense costs to be incurred in connection with its outstanding litigation; however, events such as additional trials and other events that could arise in the course of its litigation could affect the ultimate amount of legal defense costs to be incurred by the Company.\nThe Company will continue to monitor its legal defense costs and review the adequacy of the associated reserves and may determine to increase the reserves at any time in the future if, based upon the factors set forth, it believes it would be appropriate to do so.\nEnvironmental Matters The Company and its subsidiaries are parties to a number of proceedings brought under the Comprehensive Environmental Response, Compensation and Liability Act, commonly known as Superfund, and other federal and state equivalents.\nThese proceedings seek to require the operators of hazardous waste disposal facilities, transporters of waste to the sites and generators of hazardous waste disposed of at the sites to clean up the sites or to reimburse the government for cleanup costs.\nThe Company has been made a party to these proceedings as an alleged generator of waste disposed of at the sites.\nIn each case, the government alleges that the defendants are jointly and severally liable for the cleanup costs.\nAlthough joint and several liability is alleged, these proceedings are frequently resolved so that the allocation of cleanup costs among the parties more nearly reflects the relative contributions of the parties to the site situation.\nThe Company’s potential liability varies greatly from site to site.\nFor some sites the potential liability is de minimis and for others the final costs of cleanup have not yet been determined.\nWhile it is not feasible to predict the outcome of many of these proceedings brought by federal or state agencies or private litigants, in the opinion of the Company, such proceedings should not ultimately result in any liability which would have a material adverse effect on the financial position, results of operations, liquidity or capital resources of the Company.\nThe Company has taken an active role in identifying and providing for these costs and such amounts do not include any reduction for anticipated recoveries of cleanup costs from former site owners or operators or other recalcitrant potentially responsible parties.\nIn management’s opinion, the liabilities for all environmental matters that are probable and reasonably estimable have been accrued and totaled $213 million and $145 million at December 31, 2013 and 2012, respectively.\nThese liabilities are undiscounted, do not consider potential recoveries from other parties and will be paid out over the periods of remediation for the applicable sites, which are expected to occur primarily over the next 15 years.\nAlthough it is not possible to predict with certainty the outcome of these matters, or the ultimate costs of remediation, management does not believe that any reasonably possible expenditures that may be incurred in excess of the liabilities accrued should exceed $84 million in the aggregate.\nManagement also does not believe that these expenditures should result in a material adverse effect on the Company’s financial position, results of operations, liquidity or capital resources for any year.11."}
{"_id": "d878d600e", "title": "", "text": "| December 31, 2011 December 31, 2010 | Amount | Fixed maturities, AFS, at fair value | Fixed maturities, at fair value using the fair value option | Equity securities, AFS, at fair value | Mortgage loans | Policy loans, at outstanding balance | Limited partnerships and other alternative investments | Other investments [1] | Short-term investments | Total investments excluding equity securities, trading | Equity securities, trading, at fair value [2] | Total investments |"}
{"_id": "d8dcf0de6", "title": "", "text": "Fuel Prices – Fuel prices should remain volatile, with crude oil prices and conversion and regional spreads fluctuating throughout the year.\nOn average, we expect fuel prices to increase 15% to 20% above the average price in 2007.\nTo reduce the impact of fuel price on earnings, we will continue to seek recovery from our customers through our fuel surcharge programs and expand our fuel conservation efforts.\nthrough 2002, among other things, resulted in the $118 million reduction in 2005.\nOur effective tax rate was 36.4% and 28.6% in 2006 and 2005, respectively."}
{"_id": "d837f6070", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | 2017 | Attritional | Catastrophes | Total segment | 2016 | Attritional | Catastrophes | Total segment | 2015 | Attritional | Catastrophes | Total segment | Variance 2017/2016 | Attritional | Catastrophes | Total segment | Variance 2016/2015 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d896fc6d2", "title": "", "text": "(1) Net sales orders represent the number and dollar value of new sales contracts executed with customers, net of sales contract cancellations.\n(2) Cancellation rate represents the number of cancelled sales orders divided by gross sales orders.\nNet Sales Orders The value of net sales orders decreased 25%, to $3,498.4 million (17,034 homes) in 2009 from $4,677.2 million (21,251 homes) in 2008.\nThe number of net sales orders decreased 20% in fiscal 2009 compared to fiscal 2008.\nWe believe the most significant factors contributing to the slowing of demand for new homes in most of our markets include a continued high level of homes for sale, which includes foreclosed homes for sale; a decrease in the availability of mortgage financing for many potential homebuyers; the continued uncertainty in the financial markets and a decline in homebuyer consumer confidence.\nMany prospective homebuyers continue to approach the purchase decision tentatively due to concern over their ability to sell an existing home or obtain mortgage financing, the general uncertainty surrounding the housing market, increasing unemployment and weakness in the overall economy.\nHowever, these factors have led to lower home prices and improved affordability, which combined with various homebuyer tax incentives and low mortgage interest rates, have served to partially offset some of the market softness.\nWe continue to manage our sales incentives and pricing on a community by community basis in an attempt to optimize the\nRevenues from home sales in fiscal 2009 and 2008 were increased by $3.1 million and $26.8 million, respectively, from changes in deferred profit.\nThe home sales profit related to our mortgage loans held for sale is deferred in instances where a buyer finances a home through our wholly-owned mortgage company and has not made an adequate initial or continuing investment.\nThe decline in the change in revenues from the prior year is due to the reduced availability of the mortgage types whose use generally resulted in the profit deferral.\nAs of September 30, 2009, the balance of deferred profit related to such mortgage loans held for sale was $2.7 million, compared to $5.8 million at September 30, 2008.\nHomebuilding Operating Margin Analysis"}
{"_id": "d8f629fce", "title": "", "text": "AMR Incentive Awards Prior to the Petition Date, AMR adopted certain plans which provided for the issuance of common stock in connection with the exercise of stock options and other share-based awards.\nAMR granted stock compensation under three plans: the 1998 Long Term Incentive Plan (the 1998 Plan), the 2003 Employee Stock Incentive Plan (the 2003 Plan) and the 2009 Long Term Incentive Plan (the 2009 Plan).\nCollectively, the 1998 Plan and the 2009 Plan are referred to as the LTIP Plans.\nNo awards were made under AMR's plans in 2012 or 2013.\nAMR had share-based incentive awards including stock options/stock appreciation rights granted under the LTIP Plans and the 2003 Plan, performance share awards granted under the LTIP plans and based upon a requisite service period and contingently issuable based upon the AMR's relative stock price performance compared to certain of its competitors over a three year period, deferred share awards granted under the LTIP plans and based solely on a requisite service period and career equity awards granted to certain employees of AMR vesting upon the retirement of those individuals.\nDeferred share and career equity awards totaling 5,899,500 shares vested in AMR common stock pursuant to the Plan.\nThese plan participants become holders of interest in AMR Corporation and will receive distributions of AAG common stock in accordance with the Plan (See Note 2 to AAG's Consolidated Financial Statements for information regarding the Plan).\nAll remaining outstanding awards were canceled in accordance with the Plan upon emergence from Chapter 11.\nActivity of all previous AMR awards is as follows:"}
{"_id": "d86f0e8aa", "title": "", "text": "Net Investment Hedges ¡ª Non-U.\nS.  dollar borrowings of ¬541 million ($741 million) are designated to hedge the foreign currency exposures of the net investment in certain foreign affiliates.\nThese borrowings are designated as net investment hedges and recognized in long term debt.\nThe effective portion of foreign exchange gains or losses on the remeasurement of the debt is recognized in the foreign currency translation component of accumulated OCI with the related offset in long term debt.\nFair Value Hedges ¡ª Fixed-to-floating interest rate swap contracts are designated as fair value hedges and are used as part of an interest rate risk management strategy to create an appropriate balance of fixed and floating rate debt.\nThe swaps and underlying debt for the benchmark risk being hedged are recorded at fair value.\nThe effective interest rate paid on fixed-to-floating interest rate swaps is onemonth LIBOR (0.17% as of December 31, 2013) plus an interest rate spread ranging from (0.8)% to 4.4%.\nWhen the underlying swap is terminated prior to maturity, the fair value basis adjustment to the underlying debt instrument is amortized into earnings as a reduction to interest expense over the remaining life of the debt.\nFixed-to-floating interest rate swap contracts were executed in 2013 to convert $2,050 million notional amount from fixed rate to variable rate debt.\nDuring 2011, fixed-to-floating interest rate swap contracts of $1.6 billion notional amount and ¬1.0 billion notional amount were terminated generating total proceeds of $356 million (including accrued interest of $66 million).\nThe risk-free interest rate is based on a treasury instrument whose term is consistent with the expected life of the stock options.\nIn projecting expected stock price volatility, the Company uses a combination of historical stock price volatility and implied volatility from observable market prices of similar equity instruments.\nThe Company estimated the expected life of stock options based on historical experience using employee exercise and option expiration data.\nStock-Based Compensation Expense The Company uses the straight-line attribution method to recognize stock-based compensation expense for stock options and restricted stock units (RSU).\nThe vesting term of stock options is generally five years with annual vesting of 20% per year on the anniversary of the grant date, and RSUs generally either cliff vest at the end of three years or vest over four years with annual vesting at 25% per year on the anniversary of the grant date.\nThe amount of stock-based compensation recognized during a period is based on the value of the portion of the awards that are ultimately expected to vest.\nASC 718 requires forfeitures to be estimated at the time granted and revised, if necessary, in subsequent periods if actual forfeitures differ from those estimates.\nBased on an analysis of historical forfeitures, the Company has determined a specific forfeiture rate for certain employee groups and has applied forfeiture rates ranging from 0% to 5% as of September 24, 2011 depending on the specific employee group.\nThis analysis is re-evaluated annually and the forfeiture rate will be adjusted as necessary.\nUltimately, the actual stock-based compensation expense recognized will only be for those stock options and RSUs that vest.\nStock-based compensation expense in fiscal 2011, 2010 and 2009 is as follows:"}
{"_id": "d8bad3d9e", "title": "", "text": "| As of December 31, 2004 MaximumPotentialPayments EstimatedProceedsfromCollateral/Recourse CarryingAmount ofLiabilities* | Contingent repurchase commitments | Trade-in commitments | Asset-related guarantees | Credit guarantees related to the Sea Launch venture | Other credit guarantees | Equipment trust certificates | Performance guarantees |"}
{"_id": "d8a411e08", "title": "", "text": "| Dollars in millions 2013 2012 | January 1 | Total net charge-offs | Provision for credit losses | Net change in allowance for unfunded loan commitments and letters of credit | Other | December 31 | Net charge-offs to average loans (for the year ended) (a) | Allowance for loan and lease losses to total loans | Commercial lending net charge-offs | Consumer lending net charge-offs | Total net charge-offs | Net charge-offs to average loans (for the year ended) | Commercial lending | Consumer lending (a) |"}
{"_id": "d8d45d134", "title": "", "text": "| (Dollars in millions)(1) Securities Derivatives -2 Other Total | Balance, December 31, 2003 (Restated) | Net change in fair value recorded in Accumulated OCI | Less: Net gains (losses) reclassified into earnings(3) | Balance, December 31, 2004 (Restated) | Net change in fair value recorded in Accumulated OCI | Less: Net gains (losses) reclassified into earnings(3) | Balance, December 31, 2005 | December 31, 2007 | Bank of America Corporation | Senior Debt | Moody’s Investors Service | Standard & Poor’s | Fitch Ratings |"}
{"_id": "d8d0256b6", "title": "", "text": "| December 31, 2016 (In millions) | Asia Pacific | U.S. Information Solutions | Europe | Latin America | Canada | Global Consumer Solutions | Verification Services | Employer Services | Total goodwill |"}
{"_id": "d8684b95a", "title": "", "text": "| December 31, | In millions of dollars | Consumer loans | In U.S. offices | Mortgage and real estate-1 | Installment, revolving credit, and other | Cards | Commercial and industrial | Lease financing | $202,968 | In offices outside the U.S. | Mortgage and real estate-1 | Installment, revolving credit, and other | Cards | Commercial and industrial | Lease financing | $125,990 | Total consumer loans | Unearned income-2 | Consumer loans, net of unearned income | Corporate loans | In U.S. offices | Commercial and industrial | Loans to financial institutions | Mortgage and real estate-1 | Installment, revolving credit, and other | Lease financing | $150,262 | In offices outside the U.S. | Commercial and industrial | Loans to financial institutions | Mortgage and real estate-1 | Installment, revolving credit, and other | Lease financing | Governments and official institutions | $138,232 | Total corporate loans | Unearned income-3 | Corporate loans, net of unearned income | Total loans—net of unearned income | Allowance for loan losses—on drawn exposures | Total loans—net of unearned incomeand allowance for credit losses | Allowance for loan losses as a percentage of total loans—net of unearned income-4 | Allowance for consumer loan losses as a percentage oftotal consumer loans—net of unearned income-4 | Allowance for corporate loan losses as a percentage oftotal corporate loans—net of unearned income-4 | (in millions) | 2004 | Japan and Other: | Life insurance | Personal accident | Group products | Individual fixed annuities | Individual variable annuities | Total | Asia: | Life insurance | Personal accident | Group products(c) | Individual fixed annuities | Individual variable annuities | Total | Total Foreign Life Insurance & Retirement Services: | Life insurance | Personal accident | Group products(c) | Individual fixed annuities | Individual variable annuities | Total |"}
{"_id": "d8ab1a006", "title": "", "text": "| Global  Payments S&P 500 S&P  Information  Technology | May 31, 2003 | May 31, 2004 | May 31, 2005 | May 31, 2006 | May 31, 2007 | May 31, 2008 | December 31, (in millions) | Goodwill | Mortgage servicing rights | Purchased credit card relationships | All other intangibles: | Other credit card-related intangibles | Core deposit intangibles | All other intangibles | Total other intangible assets |"}
{"_id": "d8ba5aae8", "title": "", "text": "As of December 2015 and December 2014, the fair value of loans receivable was $45.19 billion and $28.90 billion, respectively.\nAs of December 2015, had these loans been carried at fair value and included in the fair value hierarchy, $23.91 billion and $21.28 billion would have been classified in level 2 and level 3, respectively.\nAs of December 2014, had these loans been carried at fair value and included in the fair value hierarchy, $13.75 billion and $15.15 billion would have been classified in level 2 and level 3, respectively.\nThe firm also extends lending commitments that are held for investment and accounted for on an accrual basis.\nAs of December 2015 and December 2014, such lending commitments were $93.92 billion and $66.22 billion, respectively, substantially all of which were extended to corporate borrowers.\nThe carrying value and the estimated fair value of such lending commitments were liabilities of $291 million and $3.32 billion, respectively, as of December 2015, and $199 million and $1.86 billion, respectively, as of December 2014.\nHad these commitments been included in the firms fair value hierarchy, they would have primarily been classified in level 3 as of both December 2015 and December 2014.\nThe following is a description of the captions in the table above: ° Corporate Loans.\nCorporate loans include term loans, revolving lines of credit, letter of credit facilities and bridge loans, and are principally used for operating liquidity and general corporate purposes, or in connection with acquisitions.\nCorporate loans may be secured or unsecured, depending on the loan purpose, the risk profile of the borrower and other factors.\n° Loans to Private Wealth Management Clients.\nLoans to the firms private wealth management clients include loans used by clients to finance private asset purchases, employ leverage for strategic investments in real or financial assets, bridge cash flow timing gaps or provide liquidity for other needs.\nSuch loans are primarily secured by securities or other assets.\n° Loans Backed by Commercial Real Estate.\nLoans backed by commercial real estate include loans extended by the firm that are directly or indirectly secured by hotels, retail stores, multifamily housing complexes and commercial and industrial properties.\nLoans backed by commercial real estate also include loans purchased by the firm.\n° Loans Backed by Residential Real Estate.\nLoans backed by residential real estate include loans extended by the firm to clients who warehouse assets that are directly or indirectly secured by residential real estate.\nLoans backed by residential real estate also include loans purchased by the firm.\n° Other Loans.\nOther loans primarily include loans extended to clients who warehouse assets that are directly or indirectly secured by consumer loans, including auto loans, and private student loans and other assets."}
{"_id": "d8982ec80", "title": "", "text": "| At December 31, 2011 | Country | United Kingdom | Cayman Islands | France | Japan | Germany | Netherlands | Luxembourg | Brazil | Australia | Italy |"}
{"_id": "d8788d7c8", "title": "", "text": "| For the Year Ended December 31, | 2018 | Other income and expenses: | Gain on real estate transactions, earnout on prior acquisitions and impairment of real estate | Interest expense | Non-cash interest expense related to amortization of discount on equity component of exchangeable senior notes | Interest income | Equity in earnings of unconsolidated real estate ventures | Income tax expense | Total other expense, net |"}
{"_id": "d8d4f7194", "title": "", "text": "| 2010 2009 2008 | (In millions) | Non-interest-bearing demand | Savings accounts | Interest-bearing transaction accounts | Money market accounts—domestic | Money market accounts—foreign | Low-cost deposits | Time deposits | Customer deposits | Corporate Treasury deposits | Time deposits | Total deposits |"}
{"_id": "d8c73c7f2", "title": "", "text": "We manage equity risk against benchmarks in respective markets.\nWe benchmark our return on equity holdings against a blend of market indices, mainly the S&P 500 and Russell 2000 for U. S.  equities.\nWe benchmark foreign equities against the Tokyo Price Index, and the MSCI EAFE, a market index of European, Australian, and Far Eastern equities.\nWe target price sensitivities that approximate those of the benchmark indices.\nWe estimate our equity risk from a hypothetical 10% decline in equity benchmark market levels.\nThe following table sets forth the net estimated potential loss in fair value from such a decline as of December 31, 2018 and 2017.\nWhile these scenarios are for illustrative purposes only and do not reflect our expectations regarding future performance of equity markets or of our equity portfolio, they represent near-term reasonably possible hypothetical changes that illustrate the potential impact of such events.\nThese scenarios consider only the direct impact on fair value of declines in equity benchmark market levels and not changes in asset-based fees recognized as revenue, changes in our estimates of total gross profits used as a basis for amortizing deferred policy acquisition and other costs, or changes in any other assumptions such as market volatility or mortality, utilization or persistency rates in our variable annuity contracts that could also impact the fair value of our living benefit features.\nIn addition, these scenarios do not reflect the impact of basis risk, such as potential differences in the performance of the investment funds underlying the variable annuity products relative to the market indices we use as a basis for developing our hedging strategy.\nThe impact of basis risk could result in larger differences between the change in fair value of the equity-based derivatives and the related living benefit features in comparison to these scenarios.\nIn calculating these amounts, we exclude separate account equity securities."}
{"_id": "d8a95ff40", "title": "", "text": "| Americas EMEA Asia Pacific Global Investment Management Development Services Total | Balance as of December 31,2015 | Goodwill | Accumulated impairmentlosses | 1,461,786 | Purchase accounting entriesrelated to acquisitions | Foreign exchange movement | Balance as of December 31,2016 | Goodwill | Accumulated impairmentlosses | 1,504,639 | Purchase accounting entriesrelated to acquisitions | Foreign exchange movement | Balance as of December 31,2017 | Goodwill | Accumulated impairmentlosses | $1,610,286 |"}
{"_id": "d8d2c9cdc", "title": "", "text": "Other Assets The Company accounts for its interest in PennyMac as an equity method investment, which is included in other assets on the consolidated statements of financial condition.\nThe carrying value and fair value of the Companys interest (approximately 20% or 16 million shares and non-public units) was approximately $342 million and $348 million, respectively, at December 31, 2017 and approximately $301 million and $259 million, respectively, at December 31, 2016.\nThe fair value of the Companys interest reflected the PennyMac stock price at December 31, 2017 and 2016, respectively (a Level 1 input).\nThe fair value of the Companys interest in the non-public units held of PennyMac is based on the stock price of the PennyMac public securities at December 31, 2017 and 2016.12.\nBorrowings Short-Term Borrowings 2017 Revolving Credit Facility.\nThe Companys credit facility has an aggregate commitment amount of $4.0 billion and was amended in April 2017 to extend the maturity date to April 2022 (the 2017 credit facility).\nThe 2017 credit facility permits the Company to request up to an additional $1.0 billion of borrowing capacity, subject to lender credit approval, increasing the overall size of the 2017 credit facility to an aggregate principal amount not to exceed $5.0 billion.\nInterest on borrowings outstanding accrues at a rate based on the applicable London Interbank Offered Rate plus a spread.\nThe 2017 credit facility requires the Company not to exceed a maximum leverage ratio (ratio of net debt to earnings before interest, taxes, depreciation and amortization, where net debt equals total debt less unrestricted cash) of 3 to 1, which was satisfied with a ratio of less than 1 to 1 at December 31, 2017.\nThe 2017 credit facility provides back-up liquidity to fund ongoing working capital for general corporate purposes and various investment opportunities.\nAt December 31, 2017, the Company had no amount outstanding under the 2017 credit facility.\nCommercial Paper Program.\nThe Company can issue unsecured commercial paper notes (the CP Notes) on a private-placement basis up to a maximum aggregate amount outstanding at any time of $4.0 billion.\nThe commercial paper program is currently supported by the 2017 credit facility.\nAt December 31, 2017, BlackRock had no CP Notes outstanding.\nLong-Term Borrowings The carrying value and fair value of long-term borrowings estimated using market prices and foreign exchange rates at December 31, 2017 included the following:\nLong-term borrowings at December 31, 2016 had a carrying value of $4.9 billion and a fair value of $5.2 billion determined using market prices at the end of December 2016.2027 Notes.\nIn March 2017, the Company issued $700 million in aggregate principal amount of 3.20% senior unsecured and unsubordinated notes maturing on March 15, 2027 (the 2027 Notes).\nInterest is payable semi-annually on March 15 and September 15 of each year, commencing September 15, 2017, and is approximately $22 million per year.\nThe 2027 Notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a make-whole redemption price.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2027 Notes.\nIn April 2017, the net proceeds of the 2027 Notes were used to fully repay $700 million in aggregate principal amount outstanding of 6.25% notes prior to their maturity in September 2017.2025 Notes.\nIn May 2015, the Company issued ¬700 million of 1.25% senior unsecured notes maturing on May 6, 2025 (the 2025 Notes).\nThe notes are listed on the New York Stock Exchange.\nThe net proceeds of the 2025 Notes were used for general corporate purposes, including refinancing of outstanding indebtedness.\nInterest of approximately $9 million per year based on current exchange rates is payable annually on May 6 of each year.\nThe 2025 Notes may be redeemed in whole or in part prior to maturity at any time at the option of the Company at a make-whole redemption price.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2025 Notes.\nUpon conversion to U. S.  dollars the Company designated the ¬700 million debt offering as a net investment hedge to offset its currency exposure relating to its net investment in certain euro functional currency operations.\nA loss of $64 million (net of a tax benefit of $38 million), a gain of $14 million (net of tax of $8 million), and a gain of $19 million (net of tax of $11 million) were recognized in other comprehensive income for 2017, 2016 and 2015, respectively.\nNo hedge ineffectiveness was recognized during 2017, 2016, and 2015.202"}
{"_id": "d8797956a", "title": "", "text": "| December 31 (in millions) 2015 2014 | Transactions with Comcast and Consolidated Subsidiaries | Receivables, net | Accounts payable and accrued expenses related to trade creditors | Accrued expenses and other current liabilities | Note payable to Comcast | Other noncurrent liabilities | Years Ended December 31, | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8f1c9894", "title": "", "text": "NOTE 16: Contingencies Securities Class Action On January 15, 2014, a class action lawsuit captioned Hatamian v.  AMD, et al.\n, C. A.\nNo.3:14-cv-00226 (the “Hatamian Lawsuit”) was filed against the Company in the United States District Court for the Northern District of California.\nThe complaint purports to assert claims against the Company and certain individual officers for alleged violations of Section 10(b) of the Securities Exchange Act of 1934, as amended (the Exchange Act), and Rule 10b-5 of the Exchange Act.\nThe plaintiffs seek to represent a proposed class of all persons who purchased or otherwise acquired our common stock during the period April 4, 2011 through October 18, 2012.\nThe complaint seeks damages allegedly caused by alleged materially misleading statements and/or material omissions by the Company and the individual officers regarding its 32nm technology and “Llano” product, which statements and omissions, the plaintiffs claim, allegedly operated to artificially inflate the price paid for the Company’s common stock during the period.\nThe complaint seeks unspecified compensatory damages, attorneys’ fees and costs.\nOn July 7, 2014, the Company filed a motion to dismiss plaintiffs’ claims.\nOn March 31, 2015, the Court denied the motion to dismiss.\nOn May 14, 2015, the Company filed its answer to plaintiffs’ corrected amended complaint.\nThe discovery process is ongoing.\nOn September 4, 2015, plaintiffs filed their motion for class certification.\nA court-ordered mediation held in January 2016 did not result in a settlement of the lawsuit.\nBased upon information presently known to management, the Company believes that the potential liability, if any, will not have a material adverse effect on its financial condition, cash flows or results of operations."}
{"_id": "d828a59b8", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | 2016 | Attritional | Catastrophes | Total segment | 2015 | Attritional | Catastrophes | Total segment | 2014 | Attritional | Catastrophes | Total segment | Variance 2016/2015 | Attritional | Catastrophes | Total segment | Variance 2015/2014 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d87d9a96e", "title": "", "text": "NOTE 12.\nCONTINGENCIES Environmental.\nFCX subsidiaries are subject to various national, state and local environmental laws and regulations that govern emissions of air pollutants; discharges of water pollutants; generation, handling, storage and disposal of hazardous substances, hazardous wastes and other toxic materials; and remediation, restoration and reclamation of environmental contamination.\nFCX subsidiaries that operate in the U. S.  also are subject to potential liabilities arising under CERCLA and similar state laws that impose responsibility on current and previous owners and operators of a facility for the remediation of hazardous substances released from the facility into the environment, including damages to natural resources, in some cases irrespective of when the damage to the environment occurred or who caused it.\nRemediation liability also extends to persons who arranged for the disposal of hazardous substances or transported the hazardous substances to a disposal site selected by the transporter.\nThese liabilities are often shared on a joint and several basis, meaning that each responsible party is fully responsible for the remediation, if some or all of the other historical owners or operators no longer exist, do not have the financial ability to respond or cannot be found.\nAs a result, because of FCXs acquisition of FMC in 2007, many of the subsidiary companies FCX now owns are responsible for a wide variety of environmental remediation projects throughout the U. S. , and FCX expects to spend substantial sums annually for many years to address those remediation issues.\nCertain FCX subsidiaries have been advised by the U. S.  Environmental Protection Agency (EPA), the Department of the Interior, the Department of Agriculture and various state agencies that, under CERCLA or similar state laws and regulations, they may be liable for costs of responding to environmental conditions at a number of sites that have been or are being investigated to determine whether releases of hazardous substances have occurred and, if so, to develop and implement remedial actions to address environmental concerns.\nFCX is also subject to claims where the release of hazardous substances is alleged to have damaged natural resources (NRD) and to litigation by individuals allegedly exposed to hazardous substances.\nAs of December 31, 2017, FCX had more than 100 active remediation projects, including NRD claims, in 26 U. S.  states.\nA summary of changes in estimated environmental obligations for the years ended December 31 follows:"}
{"_id": "d8f3100c2", "title": "", "text": "| 2006 | Net revenue | Net income | Net income per share—basic | Net income per share—assuming dilution |"}
{"_id": "d87085f3a", "title": "", "text": "| Payment Period | Contractual Commitments | Debt1 | Operating Leases | Purchase Obligations2 |"}
{"_id": "d8ead8634", "title": "", "text": "| (in thousands) | Cash and cash equivalents | Investment securities | Premiums receivable and other current assets | Property and equipment and other assets | Medical and other expenses payable | Other current liabilities | Other liabilities | Net tangible assets acquired |"}
{"_id": "d813cd23e", "title": "", "text": "In connection with past sales of various plants and operations, Marathon assigned and the purchasers assumed certain leases of major equipment used in the divested plants and operations of United States Steel.\nIn the event of a default by any of the purchasers, United States Steel has assumed these obligations; however, Marathon remains primarily obligated for payments under these leases.\nMinimum lease payments under these operating lease obligations of $54 million have been included above and an equal amount has been reported as sublease rentals.\nOf the $181 million present value of net minimum capital lease payments, $135 million was related to obligations assumed by United States Steel under the Financial Matters Agreement.\nOf the $378 million total minimum operating lease payments, $18 million was assumed by United States Steel under the Financial Matters Agreement.\nDuring 2003, Marathon purchased two LNG tankers to transport LNG primarily from Kenai, Alaska to Tokyo, Japan which were previously leased.\nA $17 million charge was recorded on the termination of the two tanker operating leases.\nOperating lease rental expense was:"}
{"_id": "d8b1d2830", "title": "", "text": "| December 31,(in dollars) 2009 2010 2011 2012 2013 2014 | JPMorgan Chase | KBW Bank Index | S&P Financial Index | S&P 500 Index |"}
{"_id": "d88100aa4", "title": "", "text": "| (Millions of Dollars) Beginning Balance as of January 1, 2012 Assets StillHeld at Reporting Date – Unrealized Gains/(Losses) Assets Sold During the Period – Realized Gains Purchases Sales and Settlements Transfer in/(out) of Level 3 Ending Balance as of December 31, 2012 | Real Estate | Private Equity | Corporate Bonds | Structured Assets | Other Fixed Income | Total investments | Funds for retiree health benefits | Investments (excluding funds for retiree health benefits) |"}
{"_id": "d80ee2724", "title": "", "text": "| 2009 2008 | (in billions) | Balance at January 1 | Net flows | Market appreciation/(depreciation) | Other | Balance at December 31 |"}
{"_id": "d8bd74170", "title": "", "text": "| (In millions) 2017 2016 2015 | Operating activities | Investing activities | Financing activities |"}
{"_id": "d8685be90", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollar amounts in thousands except per share data) Note 13Business Segments (continued)\n(1) Reclassification of interest amount due to FIN46R (accounting rule requiring deconsolidation of Trust Preferred Securities).\n(2) Administrative expense is not allocated to insurance segments.\n(3) Elimination of intersegment commission.\nTorchmark holds a sizeable investment portfolio to support its insurance liabilities, the yield from which is used to offset policy benefit, acquisition, administrative and tax expenses.\nThis yield or investment income is taken into account when establishing premium rates and profitability expectations of its insurance products.\nIn holding such a portfolio, investments are sold, called, or written down from time to time, resulting in a realized gain or loss.\nThese gains or losses generally occur as a result of disposition due to issuer calls, a downgrade in credit quality, compliance with Company investment policies, or other reasons often beyond managements control.\nUnlike investment income, realized gains and losses are incidental to insurance operations, and are not considered when setting premium rates or insurance product profitability expectations.\nWhile these gains and losses are not relevant to segment profitability or core operating results, they can have a material positive or negative result on net income.\nFor these reasons, management removes realized investment gains and losses when it views its segment operations.\nPrior to 2006, management entered into swap derivative contracts to exchange certain of its fixedrate debt securities to floating rates to reduce its interest cost.\nFor this reason, management views the difference between the floating-rate interest paid and the fixed-rate interest received (the spread) as an adjustment to its financing cost in the Investment Segment and has reported it as such in this analysis.\nIn accordance with current accounting rules, this spread on a non-hedged swap must be included in the same line item as the swaps change in fair value each period.\nBecause of this rule, Torchmark includes the spread on all swaps in Realized investment gains and losses in the Consolidated Statements of Operations, as this is the line item that contains the fair value adjustment each period.\nmarkets reverse and market rates increase placing the fixed-income portfolio in an unrealized loss position.\nThe long-term nature of our insurance policy liabilities and strong cash-flow operating position substantially mitigate any future need to liquidate portions of the portfolio.\nThe increase in the fair value of insurance liabilities and debt due to declines in market interest rates largely offset the impact of rates on the investment portfolio.\nHowever, in accordance with GAAP, these liabilities are not marked to market.\nThe following table illustrates the market risk sensitivity of our interest-rate sensitive fixed-maturity portfolio at December 31, 2006 and 2005.\nThis table measures the effect of a change in interest rates (as represented by the U. S.  Treasury curve) on the fair value of the fixed-maturity portfolio.\nThe data are prepared through a model which incorporates various assumptions and estimates to measure the change in fair value arising from an immediate and sustained change in interest rates in increments of 100 basis points.\nIt takes into account the effect that special option features such as call options, put options, and unscheduled repayments could have on the portfolio, given the changes in rates.\nThe valuation of these option features is dependent upon assumptions about future interest rate volatility that are based on past performance."}
{"_id": "d8afb0700", "title": "", "text": "O—Segment Information Reportable segments are primarily based upon the Company’s management organizational structure.\nThis structure is generally focused on broad end-user markets for the Company’s diversified products.\nResidential Furnishings derives its revenues from components for bedding, furniture and other furnishings, as well as related consumer products.\nCommercial Fixturing & Components derives its revenues from retail store fixtures, displays and components for office and institutional furnishings.\nIndustrial Materials derives its revenues from drawn steel wire, specialty wire products and welded steel tubing sold to trade customers as well as other Leggett segments.\nSpecialized Products derives its revenues from automotive seating components, specialized machinery and equipment, and van interiors.\nThe accounting principles used in the preparation of the segment information are the same as used for the consolidated financial statements, except that the segment assets and income reflect the FIFO basis of accounting for inventory.\nCertain inventories are accounted for using the LIFO basis in the consolidated financial statements.\nThe Company evaluates performance based on earnings from operations before interest and income taxes (EBIT).\nIntersegment sales are made primarily at prices that approximate market-based selling prices.\nCentrally incurred costs are allocated to the segments based on estimates of services used by the segment.\nCertain general and administrative costs and miscellaneous corporate income and expense of the Company are allocated to the segments based on sales and EBIT.\nThese allocated corporate costs include depreciation and other costs and income related to assets that are not allocated or otherwise included in the segment assets.\nThe Company’s new role-based portfolio management as discussed in Note B does not impact its segment reporting structure under SFAS 131, which includes the four reportable segments described above.\nThese segments are comprised of 10 business groups (which are also reporting units for goodwill impairment testing purposes).\nThese business groups are currently comprised of 20 business units and over 160 production locations.\nAs part of the Company’s 2007 Strategic Plan, it adopted a role-based portfolio management approach and assigned different roles (Grow, Core, Fix or Divest) to each of its 20 business units based upon competitive advantages, strategic position and financial health.\nHistorically, the Company established goals and plans for the business units uniformly, with each business unit expected to grow revenue significantly.\nThe new role-based approach changes the expectations for the business units based on their assigned roles.\nThe Company’s reportable segments are based upon management organizational structure, including senior operating vice-presidents for each reportable segment.\nThe Company’s management structure has not changed as a result of the role-based approach.\nThe financial information regularly reviewed and used by the chief operating decision-maker and the Board of Directors to evaluate segment performance and allocate total resources has not changed.\nIn addition, the management incentive compensation for segment, group and unit managers is based upon budget achievement and return on capital employed of operations under their direct control as reported through the existing segment structure.\nThe new role-based approach is a supplemental tool used by management to ensure capital (not total resources) is efficiently allocated to the business units within the reportable segment structure."}
{"_id": "d8e37ebf4", "title": "", "text": "| Year Ended September 30, | 2010 | ($ in 000's) | Revenues: | Interest-1 | Investment Advisory Fees | Other | Total Revenues | Expenses | Compensation Expense | Other Expenses | Total Expenses | Income Before Taxes and Including Noncontrolling Interests | Noncontrolling Interests | Pre-tax Income Excluding Noncontrolling Interests |"}
{"_id": "d8e9c7f4c", "title": "", "text": "| September 30, | 2013 | (In millions) | Balance Sheet Data: | Cash and cash equivalents and marketable securities | Inventories | Total assets | Notes payable -4 | Total equity |"}
{"_id": "d86bdfa80", "title": "", "text": "| At December 31, | Franchises | United States Franchises | International Franchises | Total Franchises |"}
{"_id": "d8836bee2", "title": "", "text": "| 2013 2012 2011 | Depreciation and amortization of propertyand equipment | Landfill depletion and amortization | Depreciation, amortization and depletionexpense |"}
{"_id": "d8f4d542a", "title": "", "text": "| Fair Value Measurement of Plan Assets At December 31, 2015 | Total | (In thousands) | Asset category: | Money-market funds | Equity securities: | M&T | Domestic(a) | International(b) | Mutual funds: | Domestic(a) | International(b) | 1,059,758 | Debt securities: | Corporate(c) | Government | International | Mutual funds: | Domestic(d) | 284,365 | Other: | Diversified mutual fund | Private real estate | Private equity | Hedge funds | Guaranteed deposit fund | 209,878 | Total(e) |"}
{"_id": "d8c18d5ae", "title": "", "text": "| In millions 2014 2015 2016 2017 2018 Thereafter | Maturities of long-term debt (a) | Debt obligations with right of offset (b) | Lease obligations | Purchase obligations (c) | Total (d) |"}
{"_id": "d8a9b52b0", "title": "", "text": "| (In thousands) | 2018 | 2019 | 2020 | 2021 | 2022 | Thereafter | Total |"}
{"_id": "d8d2ea518", "title": "", "text": "Insurance Liabilities.\nThe Companys principal cash outflows primarily relate to the liabilities associated with its various life insurance, property and casualty, annuity and group pension products, operating expenses and income tax, as well as principal and interest on its outstanding debt obligations.\nLiabilities arising from its insurance activities primarily relate to benefit payments under the aforementioned products, as well as payments for policy surrenders, withdrawals and loans.\nSee Contractual Obligations.\n Investment and Other.\nAdditional cash outflows include those related to obligations of securities lending activities, investments in real estate, limited partnerships and joint ventures, as well as litigation-related liabilities.\nSecurities Lending.\nThe Company participates in a securities lending program whereby blocks of securities, which are included in fixed maturity and equity securities, are loaned to third parties, primarily major brokerage firms and commercial banks.\nThe Company requires collateral equal to 102% of the current estimated fair value of the loaned securities to be obtained at the inception of a loan, and maintained at a level greater than or equal to 100% for the duration of the loan.\nDuring the extraordinary market events occurring in the fourth quarter of 2008, the Company, in limited instances, accepted collateral less than 102% at the inception of certain loans, but never less than 100%, of the estimated fair value of such loaned securities.\nThese loans involved U. S.  Treasury Bills which are considered to have limited variation in their estimated fair value during the term of the loan.\nThe Company was liable for cash collateral under its control of $23.3 billion and $43.3 billion at December 31, 2008 and 2007, respectively.\nDuring the unprecedented market disruption since midSeptember 2008, the demand for securities loans from the Companys counterparties has decreased.\nThe volume of securities lending has decreased in line with reduced demand from counterparties and reduced trading capacity of certain segments of the fixed income securities market.\nSee Extraordinary Market Conditions for further information."}
{"_id": "d8ba8007c", "title": "", "text": "| 2016 2015 2014 | Balance at January 1 | Additions based on tax positions related to the current year | Additions for tax positions of prior years | Reductions for tax positions of prior years | Audit settlements | Balance at December 31 |"}
{"_id": "d8629a93e", "title": "", "text": "| Year Ended April 30, 2010 2009 2008 | Net income from continuing operations attributable to shareholders | Amounts allocated to participating securities (nonvested shares) | Net income from continuing operations attributable to common shareholders | Basic weighted average common shares | Potential dilutive shares | Dilutive weighted average common shares | Earnings per share from continuing operations attributable to common shareholders: | Basic | Diluted |"}
{"_id": "d8b93b1bc", "title": "", "text": "| (millions, except per share data) Earnings Average shares  outstanding Per  share | 2006 | Basic | Dilutive potential common shares | Diluted | 2005 | Basic | Dilutive potential common shares | Diluted | 2004 | Basic | Dilutive potential common shares | Diluted |"}
{"_id": "d829d9a14", "title": "", "text": "Manufacturing, Raw Materials and Supplies Applied’s manufacturing activities consist primarily of assembly, test and integration of various proprietary and commercial parts, components and subassemblies (collectively, parts) that are used to manufacture systems.\nApplied has implemented a distributed manufacturing model under which manufacturing and supply chain activities are conducted in various countries, including the United States, Europe, Israel, Singapore, Taiwan, and other countries in Asia, and assembly of some systems is completed at customer sites.\nApplied uses numerous vendors, including contract manufacturers, to supply parts and assembly services for the manufacture and support of its products.\nAlthough Applied makes reasonable efforts to assure that parts are available from multiple qualified suppliers, this is not always possible.\nAccordingly, some key parts may be obtained from only a single supplier or a limited group of suppliers.\nApplied seeks to reduce costs and to lower the risks of manufacturing and service interruptions by: (1) selecting and qualifying alternate suppliers for key parts; (2) monitoring the financial condition of key suppliers; (3) maintaining appropriate inventories of key parts; (4) qualifying new parts on a timely basis; and (5) locating certain manufacturing operations in close proximity to suppliers and customers."}
{"_id": "d8d86da08", "title": "", "text": "| Corporate – Operating Results (in 000s) 2009 | Year Ended April 30, | Interest income on mortgage loans held for investment | Other | Total revenues | Interest expense | Provision for loan losses | Compensation and benefits | Other, net | Total expense | Pretax loss |"}
{"_id": "d89f4dc3c", "title": "", "text": "| Less than 12 months 12 months or more Total | Fair  Value | (in thousands) | December 31, 2010 | U.S. Treasury and other U.S. government corporations and agencies: | U.S. Treasury and agency obligations | Mortgage-backed securities | Tax-exempt municipal securities | Mortgage-backed securities: | Residential | Commercial | Asset-backed securities | Corporate debt securities | Total debt securities |"}
{"_id": "d8d3e0de6", "title": "", "text": "| In millions 2007 2008 2009 2010 2011 Thereafter | Total debt (a) | Lease obligations (b) | Purchase obligations (c,d) | Total |"}
{"_id": "d88000b7c", "title": "", "text": "Pursuant to this program, approximately 0.7 million shares, 1.1 million shares, and 1.0 million shares were issued during the years ended December 31, 2018, 2017, and 2016, respectively.\nApproximately 1.0 million shares are expected to be issued in 2019.\nAs of December 31, 2018, the total remaining unrecognized compensation cost related to nonvested SVAs was $55.7 million, which will be amortized over the weighted-average remaining requisite service period of 20 months."}
{"_id": "d8df05f82", "title": "", "text": "We may not be able to generate sufficient cash to service all of our indebtedness and may be forced to take other actions to satisfy our obligations under our indebtedness, which may not be successful.\nOur ability to make scheduled payments on or to refinance our debt obligations depends on our financial condition, operating performance and our ability to receive dividend payments from our subsidiaries, which is subject to prevailing economic and competitive conditions, regulatory approval and certain financial, business and other factors beyond our control.\nWe may not be able to maintain a level of cash flows from operating activities sufficient to permit us to pay the principal and interest on our indebtedness.\nIf our cash flows and capital resources are insufficient to fund our debt service obligations, we may be forced to reduce or delay investments and capital expenditures, or to sell assets, seek additional capital or restructure or refinance our indebtedness.\nThese alternative measures may not be successful and may not permit us to meet our scheduled debt service obligations.\nIn addition, the terms of existing or future debt instruments may restrict us from adopting some of these alternatives.\nOur ability to restructure or refinance our debt will depend on the condition of the capital markets and our financial condition at such time.\nAny refinancing of our debt could be at higher interest rates and may require us to comply with more onerous covenants, which could further restrict our business operations.\nIn addition, any failure to make payments of interest and principal on our outstanding indebtedness on a timely basis would likely result in a reduction of our credit rating, which could harm our ability to incur additional indebtedness.\nIf our cash flows and available cash are insufficient to meet our debt service obligations, we could face substantial liquidity problems and might be required to dispose of material assets or operations to meet our debt service and other obligations.\nWe may not be able to consummate those dispositions or to obtain the proceeds that we could realize from them, and these proceeds may not be adequate to meet any debt service obligations then due."}
{"_id": "d8ecb5e7a", "title": "", "text": "| Years Ended December 31, 2017/2016 2016/2015 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d87053896", "title": "", "text": "| (in millions of U.S. dollars) 2008 2007 2006 | Equity in net income (loss) of partially-owned companies | Minority interest expense | Federal excise and capital taxes | Other | Other (income) expense |"}
{"_id": "d8bbf2e82", "title": "", "text": "Operating margin decreased 80 basis points in 2016 as the negative impact from foreign currency, increased investments in direct-to-consumer, product development and innovation and restructuring charges more than offset the benefits of favorable pricing and lower product costs.2015 compared to 2014 Global revenues for Outdoor & Action Sports increased 3% in 2015, reflecting 9% operational growth compared to 2014.\nThe operational growth was partially offset by a negative 6% impact from foreign currency.\nThe 53rd week in 2014 also negatively impacted 2015 revenue growth.\nRevenues in the Americas region increased 8% in 2015, including a 2% negative impact from foreign currency.\nRevenues in the Asia Pacific region increased 10% in 2015 despite a 5% negative impact from foreign currency.\nEuropean revenues declined 10% in 2015, including a 16% negative impact from foreign currency.\nGlobal direct-to-consumer revenues for Outdoor & Action Sports grew 6% in 2015 over 2014, driven by new store openings and an expanding e-commerce business.\nForeign currency negatively impacted direct-to-consumer revenues by 5% in 2015.\nWholesale revenues were up 1% in 2015, including an 8% negative impact from foreign currency.\nGlobal revenues for The North Face?\nbrand increased 1% in 2015 over 2014, as operational growth in the direct-to-consumer channel was partially offset by a negative 4% impact from foreign currency.\nSales for The North Face?\nbrand were negatively impacted by the warm weather in 2015, particularly during the fourth quarter when consumer demand for cold-weather products is typically at its peak.\nVans?\nbrand global revenues were up 7% in 2015, reflecting operational growth in both the direct-toconsumer and wholesale channels, partially offset by a negative 7% impact from foreign currency.\nGlobal revenues for the Timberland?\nbrand were up 2% in 2015 driven by strong wholesale revenues, partially offset by a negative 8% impact from foreign currency and reduced consumer demand for outdoor apparel and footwear as a result of the warm weather noted above.\nOperating margin decreased 110 basis points in 2015 due to the negative impact from foreign currency and increased investments in direct-to-consumer businesses, partially offset by the leverage of operating expenses on higher revenues."}
{"_id": "d8e65dda2", "title": "", "text": "NBCUniversal NBCUniversal is a wholly owned subsidiary of NBCUniversal Holdings and there is no market for its equity securities.\nThe information systems used by our domestic dough manufacturing and supply chain centers are an integral part of the quality service we provide our stores.\nWe use routing strategies and software to optimize our daily delivery schedules, which maximizes on-time deliveries.\nThrough our strategic dough manufacturing and supply chain center locations and proven routing systems, we achieved delivery accuracy rates of approximately 99% during 2007.\nOur supply chain center drivers unload food and supplies and stock store shelves typically during non-peak store hours, which minimizes disruptions in store operations.\nInternational During 2007, our international segment accounted for $126.9 million, or 9%, of our consolidated revenues.\nWe have 566 franchise stores in Mexico, representing the largest presence of any QSR company in Mexico, 467 franchise stores in the United Kingdom, 405 franchise stores in Australia, 289 franchise stores in South Korea, 277 franchise stores in Canada and over 100 franchise stores in each of Japan, India, Taiwan and France.\nThe principal sources of revenues from our international operations are royalty payments generated by retail sales from franchise stores and sales of food and supplies to franchisees in certain markets.\nWe have grown by more than 1,000 international stores over the past five years.\nWhile our stores are designed for delivery and carry-out, which are less capital-intensive than dine-in, we empower our managers and franchisees to adapt the standard operating model, within certain parameters, to satisfy the local eating habits and consumer preferences of various regions outside the contiguous United States.\nCurrently, most of our international stores are operated under master franchise agreements, and we plan to continue entering into master franchise agreements with qualified franchisees to expand our international operations in selected countries.\nWe believe that our international franchise stores appeal to potential franchisees because of our well-recognized brand name, the limited capital expenditures required to open and operate our stores and our systems favorable store economics.\nThe following table shows our store count as of December 30, 2007 in our top ten international markets, which account for 77% of our international stores."}
{"_id": "d86356184", "title": "", "text": "| (millions) 2012 2011 | Foreign currency exchange contracts | Interest rate contracts | Commodity contracts | Total |"}
{"_id": "d8d34d96a", "title": "", "text": "Derivative financial instruments As part of managing interest rate risk, the Company enters into interest rate swap agreements to modify the repricing characteristics of certain portions of the Companys portfolios of earning assets and interest-bearing liabilities.\nThe Company designates interest rate swap agreements utilized in the management of interest rate risk as either fair value hedges or cash flow hedges.\nInterest rate swap agreements are generally entered into with counterparties that meet established credit standards and most contain master netting, collateral and/or settlement provisions protecting the at-risk party.\nBased on adherence to the Companys credit standards and the presence of the netting, collateral or settlement provisions, the Company believes that the credit risk inherent in these contracts was not significant as of December 31, 2017.\nThe net effect of interest rate swap agreements was to increase net interest income by $25 million in 2017, $37 million in 2016 and $44 million in 2015.\nInformation about interest rate swap agreements entered into for interest rate risk management purposes summarized by type of financial instrument the swap agreements were intended to hedge follows:"}
{"_id": "d8e903cf0", "title": "", "text": "| As of or for the year ended December 31, (in millions) 2015 2014 2013 | Securities gains | Investment securities portfolio (average)(a) | Investment securities portfolio (period–end)(b) | Mortgage loans (average) | Mortgage loans (period-end) |"}
{"_id": "d89a6eaf4", "title": "", "text": "Contractual Obligations FIS’ long-term contractual obligations generally include its long-term debt, interest on long-term debt, lease payments on certain of its property and equipment and payments for data processing and maintenance.\nFor more descriptive information regarding the Company's long-term debt, see Note 13 in the Notes to Consolidated Financial Statements.\nThe following table summarizes FIS’ significant contractual obligations and commitments as of December 31, 2012 (in millions):"}
{"_id": "d895acf52", "title": "", "text": "| Annual Lifts | Top 10 Intermodal Terminals | ICTF (Los Angeles), California | Marion (Memphis), Tennessee | East Los Angeles, California | Global II (Chicago), Illinois | Global I (Chicago), Illinois | Dallas, Texas | Seattle, Washington | Yard Center (Chicago), Illinois | Oakland, California | Englewood (Houston), Texas |"}
{"_id": "d8e1b1b78", "title": "", "text": "The Black-Scholes model incorporates assumptions to value stock-based awards.\nThe risk-free rate of interest for periods within the contractual life of the option is based on a zero-coupon U. S.  government instrument whose maturity period equals or approximates the option’s expected term.\nExpected volatility is based on implied volatility from traded options on the Company’s stock and historical volatility of the Company’s stock.\nTo estimate the option exercise timing to be used in the valuation model, in addition to considering the vesting period and contractual term of the option, the Company analyzes and considers actual historical exercise data for previously granted options."}
{"_id": "d88c9d498", "title": "", "text": "| Transition adjustment on January 1, 2001 $-93 | Reclassification to earnings | Change in fair value | Balance, December 31, 2001 |"}
{"_id": "d8ed3175a", "title": "", "text": "Home equity  Home equity lending includes both home equity loans and lines-of-credit.\nThis type of lending, which is secured by a first-lien or junior-lien on the borrowers residence, allows customers to borrow against the equity in their home or refinance existing mortgage debt.\nProducts include closed-end loans which are generally fixed-rate with principal and interest payments, and variable-rate, interest-only lines-of-credit which do not require payment of principal during the 10-year revolving period.\nThe home equity line of credit may convert to a 20-year amortizing structure at the end of the revolving period.\nApplications are underwritten centrally in conjunction with an automated underwriting system.\nThe home equity underwriting criteria is based on minimum credit scores, debt-to-income ratios, and LTV ratios, with current collateral valuations.\nThe underwriting for the floating rate lines of credit also incorporates a stress analysis for a rising interest rate."}
{"_id": "d89b8a33e", "title": "", "text": "We have historically generated significant cash from operations and we expect to continue to do so during fiscal 2015.\nSince our operations are primarily domestic, approximately 90% of our cash, cash equivalents and investments at July 31, 2014 were located in the U. S.  and none of those funds were restricted.\nOur only significant debt consists of $500 million in senior unsecured notes due in March 2017.\nWe also have an unused $500 million unsecured revolving line of credit facility available to us for general corporate purposes, including future acquisitions.\nWe evaluate, on an ongoing basis, the merits of acquiring technology or businesses, or establishing strategic relationships with and investing in other companies.\nOur strong liquidity profile enables us to respond nimbly to these kinds of opportunities.\nBased on past performance and current expectations, we believe that our cash and cash equivalents, investments, and cash generated from operations will be sufficient to meet anticipated seasonal working capital needs, capital expenditure requirements, contractual obligations, commitments, debt service requirements, and other liquidity requirements associated with our operations for at least the next 12 months.\nWe expect to return excess cash generated by operations to our stockholders through repurchases of our common stock and payment of cash dividends, after taking into account our operating and strategic cash needs."}
{"_id": "d8cf9f3ea", "title": "", "text": "| December 31 2005 2004 | (In millions) | Land | Buildings and building equipment | Offshore drilling rigs and equipment | Machinery and equipment | Pipeline equipment | Leaseholds and leasehold improvements | Total | Less accumulated depreciation and amortization | Property, plant and equipment |"}
{"_id": "d8db0b0ee", "title": "", "text": "2016 vs.  2015 Sales of $498.8 increased $212.1, or 74%.\nThe increase in sales was driven by the Jazan project which more than offset the decrease in small equipment and other air separation unit sales.\nIn 2016, we recognized approximately $300 of sales related to the Jazan project.\nOperating loss of $21.3 decreased 59%, or $30.3, primarily from income on the Jazan project and benefits from cost reduction actions, partially offset by lower other sale of equipment project activity and a gain associated with the cancellation of a sale of equipment contract that was recorded in fiscal year 2015.\nCorporate and other The Corporate and other segment includes two ongoing global businesses (our LNG equipment business and our liquid helium and liquid hydrogen transport and storage container businesses), and corporate support functions that benefit all the segments.\nCorporate and other also includes income and expense that is not directly associated with the business segments, including foreign exchange gains and losses and stranded costs.\nStranded costs result from functional support previously provided to the two divisions comprising the former Materials Technologies segment.\nThe majority of these costs are reimbursed to Air Products pursuant to short-term transition services agreements under which Air Products provides transition services to Versum for EMD and to Evonik for PMD.\nThe reimbursement for costs in support of the transition services has been reflected on the consolidated income statements within \"Other income (expense), net. \""}
{"_id": "d8202fc70", "title": "", "text": "CERTAIN LONG-DURATION CONTRACTS WITH GUARANTEES The Company issues variable annuity contracts through its separate accounts for which investment income and investment gains and losses accrue directly to, and investment risk is borne by, the contractholder.\nThe Company also issues variable annuity contracts with general and separate account options where the Company contractually guarantees to the contractholder a return of no less than total deposits made to the contract adjusted for any partial withdrawals (return of net deposits).\nIn certain of these variable annuity contracts, the Company also contractually guarantees to the contractholder a return of no less than (1) total deposits made to the contract adjusted for any partial withdrawals plus a minimum return (minimum return), and/or (2) the highest contract value on a specified date adjusted for any withdrawals (contract value).\nThese guarantees include benefits that are payable in the event of death, annuitization or at specified dates during the accumulation period and withdrawal and income benefits payable during specified periods.\nThe Company also issues annuity contracts with market value adjusted investment options (MVAs), which provide for a return of principal plus a fixed rate of return if held-to-maturity, or, alternatively, a market adjusted value if surrendered prior to maturity or if funds are reallocated to other investment options.\nThe market value adjustment may result in a gain or loss to the Company, depending on crediting rates or an indexed rate at surrender, as applicable.\nThe Company also issues fixed deferred annuity contracts without MVA that have a guaranteed credited rate and annuity benefit.\nIn addition, the Company issues certain variable life, variable universal life and universal life contracts where the Company contractually guarantees to the contractholder a death benefit even when there is insufficient value to cover monthly mortality and expense charges, whereas otherwise the contract would typically lapse (no-lapse guarantee).\nVariable life and variable universal life contracts are offered with general and separate account options."}
{"_id": "d89bf2484", "title": "", "text": "(1) Additions are directly attributable to the acquisition of Morgan Keegan (see Notes 1 and 3 for additional information).\n(2) The goodwill adjustment arose during the quarter ended December 31, 2012 from a change in a tax election pertaining to whether assets acquired and liabilities assumed are written-up to fair value for tax purposes.\nThis election is made on an entity-by-entity basis, and during the period indicated, our assumption regarding whether we would make such election changed for one of the Morgan Keegan entities we acquired.\nThe offsetting balance associated with this adjustment to goodwill was the net deferred tax asset.\n(3) The impairment expense in the year ended September 30, 2013 is associated with the RJES reporting unit.\nWe concluded the goodwill associated with this reporting unit to be completely impaired during the quarter ended March 31, 2013.\nSince we did not own 100% of RJES as of the goodwill impairment testing date, for the year ended September 30, 2013 the effect of this impairment expense on the pre-tax income attributable to Raymond James Financial, Inc.  is approximately $4.6 million and the portion of the impairment expense attributable to the noncontrolling interests is approximately $2.3 million.\nGoodwill is subject to an evaluation of potential impairment on an annual basis, or more often if events or circumstances indicate there may be impairment.\nWe performed our annual goodwill impairment testing as of December 31, 2012.\nWe elected to not exercise the option to perform a qualitative assessment, but instead to perform a quantitative assessment of the equity value of each reporting unit that includes an allocation of goodwill.\nIn our determination of the reporting unit fair value of equity, we used a combination of the income approach and the market approach.\nUnder the income approach, we used discounted cash flow models applied to each respective reporting unit.\nUnder the market approach, we calculated an estimated fair value based on a combination of multiples of earnings of guideline companies in the brokerage and capital markets industry that are publicly traded on organized exchanges, and the book value of comparable transactions.\nThe estimated fair value of the equity of the reporting unit resulting from each of these valuation approaches was dependent upon the estimates of future business unit revenues and costs, such estimates were subject to critical assumptions regarding the nature and health of financial markets in future years as well as the discount rate to apply to the projected future cash flows.\nIn estimating future cash flows, a balance sheet as of the test date and a statement of operations for the last twelve months of activity for each reporting unit (or for the nine month period since the Closing Date for Morgan Keegan reporting units) were compiled.\nFuture balance sheets and statements of operations were then projected, and estimated future cash flows were determined by the combination of these projections.\nThe cash flows were discounted at the reporting units estimated cost of equity which was derived through application of the capital asset pricing model.\nThe valuation result from the market approach was dependent upon the selection of the comparable guideline companies and transactions and the earnings multiple applied to each respective reporting units projected earnings.\nFinally, significant management judgment was applied in determining the weight assigned to the outcome of the market approach and the income approach, which resulted in one single estimate of the fair value of the equity of the reporting unit.\nThe following table summarizes the activity impacting the fee-billable financial assets under management in non-managed programs (excluding activity in MK & Co.  non-managed fee-based assets for the periods prior to the conversion of MK & Co.  accounts to the RJ&A platform) for the periods indicated:"}
{"_id": "d8a242848", "title": "", "text": "General and Administrative General and administrative expenses consist primarily of personnel-related costs, including salaries, benefits and stock-based compensation, for our executive, finance, legal, information technology, human resources and other administrative employees.\nIn addition, general and administrative expenses include fees and costs for professional services, including consulting, third-party legal and accounting services and facilities costs and other supporting overhead costs that are not allocated to other departments."}
{"_id": "d89901676", "title": "", "text": "| In billions of dollars 2008 2007 2006 | Proceeds from new securitizations | Cash flows received on retained interests and other net cash flows | In millions of dollars | Net interest revenue | Non-interest revenue | Revenues, net of interest expense | Total operating expenses | Net credit losses | Provisions for unfunded lending commitments | Credit reserve build (release) | Provisions for loan losses and benefits and claims | Income before taxes and noncontrolling interests | Income taxes | Income from continuing operations | Net income (loss) attributable to noncontrolling interests | Net income | Average assets(in billions of dollars) | Return on assets | Revenues by region | North America | EMEA | Latin America | Asia | Total revenues | Net income from continuing operations by region | North America | EMEA | Latin America | Asia | Total net income from continuing operations | Securities and Bankingrevenue details | Total investment banking | Lending | Equity markets | Fixed income markets | Private bank | OtherSecurities and Banking | TotalSecurities and Bankingrevenues | 2013 | AAA-1 | AA | A | BBB | Below BBB | 100% |"}
{"_id": "d8ddaa228", "title": "", "text": "| Distributions | 2017 | Fourth Quarter Ended December 31, | Third Quarter Ended September 30, | Second Quarter Ended June 30, | First Quarter Ended March 31, |"}
{"_id": "d8dc58a1e", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | Electric | Generation | Transmission | Distribution | Gas (a) | Steam | General | Held for future use | Construction work in progress | Net Utility Plant |"}
{"_id": "d8dfd4f3a", "title": "", "text": "(a) 2004 results include six months of the combined Firms results and six months of heritage JPMorgan Chase results.\nAll other periods reflect the results of heritage JPMorgan Chase only.\nIBs revenues are comprised of the following: Investment banking fees includes advisory, equity underwriting, bond underwriting and loan syndication fees.\nFixed income markets includes client and portfolio management revenue related to both market-making and proprietary risk-taking across global fixed income markets, including government and corporate debt, foreign exchange, interest rate and commodities markets.\nEquities markets includes client and portfolio management revenue related to market-making and proprietary risk-taking across global equity products, including cash instruments, derivatives and convertibles.\nCredit portfolio revenue includes Net interest income, fees and loan sale activity for IBs credit portfolio.\nCredit portfolio revenue also includes gains or losses on securities received as part of a loan restructuring, and changes in the credit valuation adjustment (CVA), which is the component of the fair value of a derivative that reflects the credit quality of the counterparty.\nSee page 63 of the Credit risk management section of this Annual Report for a further discussion of the CVA.\nCredit portfolio revenue also includes the results of risk management related to the Firms lending and derivative activities.\nSee pages 6465 of the Credit risk management section of this Annual Report for a further discussion on credit derivatives.\nThe components of income tax expense/(benefit) included in the Consolidated statements of income were as follows for each of the years ended December 31, 2017, 2016, and 2015.\nIncome tax expense/(benefit)"}
{"_id": "d86e1fab6", "title": "", "text": "| Net Sales % Change | Dollars in Millions | Pharmaceuticals | % of net sales | Nutritionals | % of net sales | Other Health Care | % of net sales | Health Care Group | Total |"}
{"_id": "d8ea5b1f2", "title": "", "text": "| In billions 2018 | January 1 | Issuances | Calls and maturities | Other | December 31 |"}
{"_id": "d8983c010", "title": "", "text": "| Property Dates Held by a Third Party Intermediary Date Consolidated | Courtyard Shops | Huntington Square | Tower Shops |"}
{"_id": "d8b38862a", "title": "", "text": "| December 31, | 2011 | (in millions) | Advice & Wealth Management | Asset Management | Annuities | Protection | Corporate & Other | Assets held for sale | Total assets |"}
{"_id": "d8de48f0e", "title": "", "text": "Acquisitions In October 2017, the Operating Partnership acquired an operating community located in Denver, Colorado with a total of 218 apartment homes and 17,000 square feet of retail space for a purchase price of approximately $141.5 million.\nAs a result of the acquisition, the Operating Partnership increased its real estate owned by approximately $139.0 million and recorded approximately $2.5 million of in-place lease intangibles.\nThe acquisition will be fully or partially funded with tax-deferred like-kind exchanges under Section 1031 of the Internal Revenue Code of 1986 (“Section 1031 exchanges”).\nDispositions In December 2017, the Operating Partnership sold two operating communities with a total of 218 apartment homes in Orange County, California and Carlsbad, California for gross proceeds of $69.0 million, resulting in net proceeds of $68.0 million and a gain of $41.3 million.\nDuring the year ended December 31, 2016, the Operating Partnership sold two operating communities in Baltimore, Maryland with a total of 276 apartment homes for gross proceeds of $45.3 million, resulting in net proceeds of $44.6 million and a gain, net of tax, of $33.2 million.\nIn February 2018, the Operating Partnership sold an operating community in Orange County, California with a total of 264 apartment homes for gross proceeds of $90.5 million and an expected GAAP gain of $70.3 million.\nThe proceeds were designated for tax-deferred Section 1031 exchanges.\nOther Activity In connection with the acquisition of certain properties, the Operating Partnership agreed to pay certain of the tax liabilities of certain contributors if the Operating Partnership sells one or more of the properties contributed in a taxable transaction prior to the expiration of specified periods of time following the acquisition.\nThe Operating"}
{"_id": "d8b7f72ec", "title": "", "text": "| December 31 | 2005 | (Dollars in millions) | Financial assets | Loans | Financial liabilities | Deposits | Long-term debt |"}
{"_id": "d8d43dbb8", "title": "", "text": "| December 31, 2006 | Cost or Amortized   Cost | Less than | 20% | (In millions, except number of securities) | Less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Twelve months or greater | Total |"}
{"_id": "d8f6b5bb4", "title": "", "text": "| 2007 2006 2005 | Weighted-Average Expected Life (years) | Weighted-Average Risk-Free Interest Rate | Weighted-Average Expected Volatility | Weighted-Average Fair Value per Option Granted | Remaining | Number of | Shares | Outstanding at December 31, 2004 | Granted | Canceled | Exercised | Outstanding at December 31, 2005 | Granted | Canceled | Exercised | Outstanding at December 31, 2006 | Granted | Canceled | Exercised | Outstanding at December 31, 2007 | Exercisable at December 31, 2007 |"}
{"_id": "d8cda66e2", "title": "", "text": "| December 31, 2010 December 31, 2009 | Amortized Cost-1 | (in millions) | Less than three months | Three months or greater but less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Greater than twelve months | Total |"}
{"_id": "d8b190a66", "title": "", "text": "| For the Year Ended December 31,2011 For the Year Ended December 31,2010 | Per boe | 2010 LOE | Acquisitions, net of associated production | FX impact | Labor and pumper costs | Workover costs | Chemicals, power, and fuel | Transportation | Other | Other decreased production | 2011 LOE | Other increased production | 2010 LOE |"}
{"_id": "d8a4fc020", "title": "", "text": "| in thousands 2012 2011 2010 | Discontinued Operations | Pretax earnings (loss) | Gain on disposal, net of transaction bonus | Income tax provision | Earnings on discontinued operations, net of income taxes |"}
{"_id": "d8ba46d54", "title": "", "text": "During 2004, using derivative instruments MAP sold crack spreads forward through the fourth quarter 2005 at values higher than the company thought sustainable in the actual months these contracts expire.\nIncluded in the $76 million derivative loss for 2004 noted in the above table for the Protect crack spread values strategy was approximately an $8 million gain due to changes in the fair value of crack-spread derivatives that will expire throughout 2005.\nIn addition, natural gas options are in place to manage the price risk associated with approximately 41 percent of the first quarter 2005 anticipated natural gas purchases for refinery use.\nIG Segment We have used derivative instruments to convert the fixed price of a long-term gas sales contract to market prices.\nThe underlying physical contract is for a specified annual quantity of gas and matures in 2008.\nSimilarly, we will use derivative instruments to convert shorter term (typically less than a year) fixed price contracts to market prices in our ongoing purchase for resale activity; and to hedge purchased gas injected into storage for subsequent resale.\nDerivative gains included in IG segment income were $17 million in 2004, compared to gains of $19 million in 2003 and losses of $8 million in 2002.\nTrading activity in the IG segment resulted in losses of $2 million in 2004, compared to losses of $7 million in 2003 and gains of $4 million in 2002 and have been included in the aforementioned amounts."}
{"_id": "d85f8acb2", "title": "", "text": "| Change | 2010 | (in thousands) | Military services: | Base receivable | Change orders | Military services subtotal | Medicare | Commercial and other | Allowance for doubtful accounts | Total net receivables | Reconciliation to cash flow statement: | Provision for doubtful accounts | Receivables from acquisition | Change in receivables per cash flow statement resulting in cash from operations | Completion Factor (a): | Factor Change (c) | 1.25% | 1.10% | 0.95% | 0.80% | 0.65% | 0.50% | 0.35% |"}
{"_id": "d8e8c65c6", "title": "", "text": "| Change | 2009 | Medical Membership: | Government segment: | Medicare Advantage | Medicare stand-alone PDP | Total Medicare | Military services | Military services ASO | Total military services | Medicaid | Medicaid ASO | Total Medicaid | Total Government | Commercial segment: | Fully-insured | ASO | Total Commercial | Total medical membership | Specialty Membership: | Commercial segment (a) |"}
{"_id": "d8848a666", "title": "", "text": "Industrial Properties Our dry warehouse/industrial properties consist of seven buildings in New Jersey containing approximately 1.5 million square feet.\nThe properties are encumbered by two cross-collateralized mortgage loans aggregating $47,179,000 as of December 31, 2006.\nAverage lease terms range from three to five years.\nThe following table sets forth the occupancy rate and average annual rent per square foot at the end of each of the past five years."}
{"_id": "d8df3f962", "title": "", "text": "Item 7.\nManagements Discussion and Analysis of Financial Condition and Results of Operations The following discussion and analysis is based primarily on the consolidated financial statements of Welltower Inc.  presented in conformity with U. S.  generally accepted accounting principles (U.\nS.  GAAP) for the periods presented and should be read together with the notes thereto contained in this Annual Report on Form 10-K.  Other important factors are identified in Item 1  Business and Item 1A  Risk Factors above.\nExecutive Summary Company Overview Welltower Inc.  (NYSE:WELL), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure.\nThe Company invests with leading seniors housing operators, postacute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve peoples wellness and overall health care experience.\nWelltowerTM, a real estate investment trust (REIT), owns interests in properties concentrated in major, high-growth markets in the United States (U.\nS. ), Canada and the United Kingdom (U.\nK. ), consisting of seniors housing and post-acute communities and outpatient medical properties.\nOur capital programs, when combined with comprehensive planning, development and property management services, make us a single-source solution for acquiring, planning, developing, managing, repositioning and monetizing real estate assets.\nThe following table summarizes our consolidated portfolio for the year ended December 31, 2017 (dollars in thousands):"}
{"_id": "d8cfea250", "title": "", "text": "| Successor Predecessor January 1, 2009 Through July 9, 2009 | YearEnded December 31, 2010 | Beginning balance | Accretion expense | Liabilities incurred | Liabilities settled or disposed | Effect of foreign currency translation | Revisions to estimates | Reclassified to liabilities subject to compromise (a) | Ending balance | Effect of application of fresh-start reporting | Ending balance including effect of application of fresh-start reporting |"}
{"_id": "d8c3c0060", "title": "", "text": "(1) Includes, as of December 31, 2006 and December 31, 2005, respectively, 6 securities with amortized cost of $19 million (fair value, $19 million) and 8 securities with amortized cost of $2 million (fair value, $2 million) that have been categorized based on expected NAIC designations pending receipt of SVO ratings."}
{"_id": "d873e1eea", "title": "", "text": "| Operating rental properties $176,038 | Undeveloped land | Total real estate investments | Other assets | Lease related intangible assets | Total assets acquired | Liabilities assumed | Net recognized value of acquired assets and liabilities |"}
{"_id": "d8e01a6b6", "title": "", "text": "Management’s Discussion and Analysis of Financial Condition and Results of Operations Continued lion with respect to the ceded reserve for losses and loss expenses, including ceded losses incurred but not reported (1BNR)(ceded reserves) and $3.07 billion of ceded reserve for unearned premiums.\nThe ceded reserve for losses and loss expenses represent the accumulation of estimates of ultimate ceded losses including provisions for ceded IBNR and lossexpenses.\nThe methods used to determine such estimates andto establish the resulting ceded reserves are continually reviewed and updated by management.\nAny adjustments thereto are reflected in income currently.\nIt is AlG's belief that the ceded reserve for losses and loss expenses at December 31,2005 were representative of the ultimate losses recoverable.\nIn the future, as the ceded reserves continue to develop to ultimate amounts, the ultimate loss recoverable may be greater or less than the reserves currently ceded."}
{"_id": "d887b73f2", "title": "", "text": "(8) LONG-TERM DEBT On July 27, 2012, Roper entered into a $1.5 billion unsecured credit facility (the 2012 Facility) with JPMorgan Chase Bank, N. A. , as administrative agent, and a syndicate of lenders, which replaced its prior unsecured credit facility dated as of July 7, 2008 (the 2008 Facility).\nThe 2012 Facility is composed of a five year $1.5 billion revolving credit facility.\nRoper may also, subject to compliance with specified conditions, request term loans or additional revolving credit commitments in an aggregate amount not to exceed $350 million.\nAt December 31, 2014, there were no outstanding borrowings under the 2012 Facility.\nRoper recorded a $1.0 million non-cash debt extinguishment charge in the third quarter of 2012 related to the early termination of the 2008 Facility.\nThis charge reflects the unamortized fees associated with the 2008 Facility and was reported as other expense.\nThe 2012 Facility contains affirmative and negative covenants which, among other things, limit Ropers ability to incur new debt, prepay subordinated debt, make certain investments and acquisitions, sell assets and grant liens, make restricted payments (including the payment of dividends on our common stock) and capital expenditures, or change its line of business.\nRoper is also subject to financial covenants which require the Company to limit its consolidated total leverage ratio and to maintain a consolidated interest coverage ratio.\nThe most restrictive covenant is the consolidated total leverage ratio which is limited to 3.5.\nThe Company was in compliance with its debt covenants throughout the years ended December 31, 2014 and 2013.\nOn June 6, 2013, the Company completed a public offering of $800 million aggregate principal amount of 2.050% senior unsecured notes due October 1, 2018.\nThe notes bear interest at a fixed rate of 2.050% per year, payable semi-annually in arrears on April 1 and October 1 of each year, beginning October 1, 2013.\nRoper may redeem some or all of the notes at any time or from time to time, at 100% of their principal amount plus a makewhole premium based on a spread to U. S.  Treasury securities as described in the indenture relating to the notes.\nOn November 21, 2012, Roper completed a public offering of $400 million aggregate principal amount of 1.850% senior unsecured notes due November 15, 2017 and $500 million aggregate principal amount of 3.125% senior unsecured notes due November 15, 2022.\nThe notes bear interest at a fixed rate of 1.850% and 3.125% per year, respectively, payable semi-annually in arrears on May 15 and November 15 of each year, beginning May 15, 2013.\nRoper may redeem some or all of the notes at any time or from time to time, at 100% of their principal amount plus a makewhole premium based on a spread to U. S.  Treasury securities as described in the indenture relating to the notes.\nStock Options  Stock options are typically granted at prices not less than 100% of market value of the underlying stock at the date of grant.\nStock options typically vest over a period of three to five years from the grant date and expire ten years after the grant date.\nThe Company recorded $16.6 million, $16.9 million, and $14.8 million of compensation expense relating to outstanding options during 2014, 2013 and 2012, respectively, as a component of general and administrative expenses, primarily at corporate.\nThe Company estimates the fair value of its option awards using the Black-Scholes option valuation model.\nThe stock volatility for each grant is measured using the weighted-average of historical daily price changes of the Companys common stock over the most recent period equal to the expected life of the grant.\nThe expected term of options granted is derived from historical data to estimate option exercises and employee forfeitures, and represents the period of time that options granted are expected to be outstanding.\nThe risk-free rate for periods within the contractual life of the option is based on the U. S.  Treasury yield curve in effect at the time of grant.\nThe weighted-average fair value of options granted in 2014, 2013 and 2012 were calculated using the following weighted-average assumptions:"}
{"_id": "d89f337f6", "title": "", "text": "| Accounts receivable $6,916 | Inventories | Prepaid expenses and other assets | Amortizable intangible assets | Property and equipment | Goodwill and tradenames | Other long-term assets | Current portion of long-term debt | Accounts payable | Accrued expenses and other liabilities | Advance ticket sales | Long-term debt | Other long-term liabilities | Total consideration allocated, net of $295.8 million of cash acquired | Goodwill | Tradenames (indefinite lived) | Backlog (1 year amortization period) | Customer relationships (6 year amortization period) | Year ended December 31, | (Dollars in thousands) | Non-GAAP core fee income -1: | Foreign exchange fees | Credit card fees | Deposit service charges | Lending related fees -2 | Letters of credit and standby letters of credit fees | Client investment fees | Total non-GAAP core fee income | Gains on investment securities, net | Gains on derivative instruments, net | Other | GAAP noninterest income |"}
{"_id": "d8d4f7112", "title": "", "text": "| For Years Ended December 31 | 2010 | (In millions, except per share data) | TANGIBLE COMMON RATIOS-1 | Ending stockholders’ equity (GAAP) | Less: Ending intangible assets (GAAP) | Ending deferred tax liability related to intangibles (GAAP) | Ending preferred equity (GAAP) | Ending tangible common stockholders’ equity (non-GAAP) | Ending total assets (GAAP) | Less: Ending intangible assets (GAAP) | Ending deferred tax liability related to intangibles (GAAP) | Ending tangible assets (non-GAAP) | End of period shares outstanding | Tangible common stockholders’ equity to tangible assets (non-GAAP) | Tangible common book value per share (non-GAAP) | TIER 1 COMMON RISK-BASED RATIO | Stockholders’ equity (GAAP) | Accumulated other comprehensive (income) loss | Non-qualifying goodwill and intangibles | Disallowed deferred tax assets-2 | Disallowed servicing assets | Qualifying non-controlling interests | Qualifying trust preferred securities | Tier 1 capital (regulatory) | Qualifying non-controlling interests | Qualifying trust preferred securities | Preferred stock | Tier 1 common equity (non-GAAP) | Risk-weighted assets (regulatory) | Tier 1 common risk-based ratio (non-GAAP) |"}
{"_id": "d8adf5f6e", "title": "", "text": "The following table summarizes NRG's U. S.  coal capacity and the corresponding revenues and average natural gas prices and positions resulting from coal hedge agreements extending beyond December 31, 2014, and through 2018 for the East region:\n(a) Net coal capacity represents nominal summer net MW capacity of power generated as adjusted for the Company's ownership position excluding capacity from inactive/mothballed units, see Item 2 - Properties for units scheduled to be deactivated.\n(b) Forecasted generation dispatch output (MWh) based on forward price curves as of December 31, 2014, which is then divided by number of hours in a given year to arrive at MW capacity.\nThe dispatch takes into account planned and unplanned outage assumptions.\n(c) Includes amounts under power sales contracts and natural gas hedges.\nThe forward natural gas quantities are reflected in equivalent MWh based on forward market implied heat rate as of December 31, 2014, and then combined with power sales to arrive at equivalent MWh hedged which is then divided by number of hours in a given year to arrive at MW hedged.\nThe coal sales include swaps and delta of options sold which is subject to change.\nFor detailed information on the Company's hedging methodology through use of derivative instruments, see discussion in Item 15 - Note 5, Accounting for Derivative Instruments and Hedging Activities, to the Consolidated Financial Statements.\nIncludes inter-segment sales from the Company's wholesale power generation business to the retail business.\n(d) Percentage hedged is based on total coal sales as described in (c) above divided by the forecasted coal capacity.\n(e) Represents U. S.  coal sales, including energy revenue and demand charges, excluding revenues derived from capacity auctions."}
{"_id": "d866e5066", "title": "", "text": "35% due primarily to certain undistributed foreign earnings for which no U. S.  taxes are provided because such earnings are intended to be indefinitely reinvested outside the U. S.  As of September 24, 2011, the Company had deferred tax assets arising from deductible temporary differences, tax losses, and tax credits of $3.2 billion, and deferred tax liabilities of $9.2 billion.\nManagement believes it is more likely than not that forecasted income, including income that may be generated as a result of certain tax planning strategies, together with future reversals of existing taxable temporary differences, will be sufficient to fully recover the deferred tax assets.\nThe Company will continue to evaluate the realizability of deferred tax assets quarterly by assessing the need for and amount of a valuation allowance.\nThe Internal Revenue Service (the “IRS”) has completed its field audit of the Company’s federal income tax returns for the years 2004 through 2006 and proposed certain adjustments.\nThe Company has contested certain of these adjustments through the IRS Appeals Office.\nThe IRS is currently examining the years 2007 through 2009.\nAll IRS audit issues for years prior to 2004 have been resolved.\nIn addition, the Company is subject to audits by state, local, and foreign tax authorities.\nManagement believes that adequate provisions have been made for any adjustments that may result from tax examinations.\nHowever, the outcome of tax audits cannot be predicted with certainty.\nIf any issues addressed in the Company’s tax audits are resolved in a manner not consistent with management’s expectations, the Company could be required to adjust its provision for income taxes in the period such resolution occurs."}
{"_id": "d8694b92c", "title": "", "text": "| United States-1 1996—2008 | Brazil | China | France | Germany-1 | India | Israel | Japan | Malaysia | Singapore | United Kingdom |"}
{"_id": "d8b0c0d20", "title": "", "text": "Item 1A.\nRisk Factors.\nM&T and its subsidiaries could be adversely impacted by various risks and uncertainties which are difficult to predict.\nAs a financial institution, the Company has significant exposure to market risk, including interest-rate risk, liquidity risk and credit risk, among others.\nAdverse experience with these or other risks could have a material impact on the Company’s financial condition and results of operations, as well as on the value of the Company’s financial instruments in general, and M&T’s common stock, in particular.\nVolume declines in cement, some agricultural products, and newsprint shipments partially offset the increases.\nOperating Expenses"}
{"_id": "d81447c00", "title": "", "text": "| (dollars in millions) Payments due by period | Contractual Obligations | Long-term Debt | Fixed Rate Interest | Operating Leases | Purchase Obligations | Total |"}
{"_id": "d8f8245fe", "title": "", "text": "| Dividends Paid Per Share | Quarter | First | Second | Third | Fourth | Year |"}
{"_id": "d8121854c", "title": "", "text": "5.\nBasis of Presentation and Summary of Significant Accounting Policies (a) Basis of Presentation On December 30, 2015, US Airways merged with and into American, which is reflected in American’s consolidated financial statements as though the transaction had occurred on December 9, 2013, when a subsidiary of AMR merged with and into US Airways Group.\nThus, the full years of 2015 and 2014 and the period from December 9, 2013 to December 31, 2013 are comprised of the consolidated financial data of American and US Airways.\nFor the periods prior to December 9, 2013, the financial data reflects the results of American only.\nFor financial reporting purposes, the transaction constituted a transfer of assets between entities under common control and was accounted for in a manner similar to the pooling of interests method of accounting.\nUnder this method, the carrying amount of net assets recognized in the balance sheets of each combining entity are carried forward to the balance sheet of the combined entity and no other assets or liabilities are recognized.\nThe preparation of financial statements in accordance with accounting principles generally accepted in the United States (GAAP) requires management to make certain estimates and assumptions that affect the reported amounts of assets and liabilities, revenues and expenses, and the disclosure of contingent assets and liabilities at the date of the financial statements.\nActual results could differ from those estimates.\nThe most significant areas of judgment relate to passenger revenue recognition, impairment of goodwill, impairment of long-lived and\nThe following tables set forth the income yield and investment income, excluding realized investment gains (losses) and non-hedge accounting derivative results, for each major investment category of our Japanese operations’ general account for the periods indicated."}
{"_id": "d8d49850e", "title": "", "text": "| Year Ended December 31, | 2012 | ($ in millions) | Revenues | Operating costs and expenses | Operating profit |"}
{"_id": "d86731b32", "title": "", "text": "| Pension Benefits | U.S. Plans | 2016 | Weighted Average Assumptions at December 31 | Discount rate | Average rate of increase in compensation | Weighted Average Assumptions Used to Determine Net Benefit Cost for the Year Ended December 31 | Discount rate - Service Cost | Effective interest rate on benefit obligation | Expected long-term rate of return on assets | Average rate of increase in compensation | Pension Benefits | U.S. Plans | 2015 | Service cost | Interest cost | Expected return on assets | Amortization of prior service costs/(credits) | Net remeasurement (gain)/loss | Separation programs/other | Settlements and curtailments | Net periodic benefit cost/(income) |"}
{"_id": "d8bf5be66", "title": "", "text": "| Pension Benefits Other Postretirement Benefits | Years Ended December 31 | Service cost | Interest cost | Expected return on plan assets | Net amortization | Termination benefits | Curtailments | Settlements | Net periodic benefit cost |"}
{"_id": "d899f1bc6", "title": "", "text": "| 2010 Missouri Credit Agreement 2010 Genco Credit Agreement 2010 Illinois Credit Agreement | Ameren | Ameren Missouri | Ameren Illinois(a) | Genco(a) |"}
{"_id": "d89854e8a", "title": "", "text": "| Fiscal Year Ending March 31, Operating Leases  (in $000’s) | 2009 | 2010 | 2011 | 2012 | 2013 | Thereafter | Total future minimum lease payments |"}
{"_id": "d86a787dc", "title": "", "text": "| December 31, | (In millions) | Balance Sheet data: | Current assets | Property, plant and equipment, net | Noncurrent regulatory assets | Goodwill | Other deferred debits and other assets | Total assets | Current liabilities | Long-term debt, including long-term debt to financing trusts | Noncurrent regulatory liabilities | Other deferred credits and other liabilities | Preferred securities of subsidiary | Noncontrolling interest | BGE preference stock not subject to mandatory redemption | Shareholders’ equity | Total liabilities and shareholders’ equity |"}
{"_id": "d812c0c38", "title": "", "text": "| December 31 | (Dollars in millions) | Trading account assets | U.S. government and agency securities-1 | Corporate securities, trading loans and other | Equity securities | Non-U.S.sovereign debt | Mortgage trading loans and asset-backed securities | Total trading account assets | Trading account liabilities | U.S. government and agency securities | Equity securities | Non-U.S.sovereign debt | Corporate securities and other | Total trading account liabilities |"}
{"_id": "d8d09a236", "title": "", "text": "Fair value, which is primarily based on quoted market price of the related trust preferred securities at December 31, 2007 and 2006, was $250.8 million and $316.3 million, respectively, for the 6.20% junior subordinated debt securities and $221.2 million for the 7.85% junior subordinated debt securities at December 31, 2006.\nInterest expense incurred in connection with these junior subordinated notes was $35.3 million, $37.4 million and $37.4 million for the years ended December 31, 2007, 2006 and 2005, respectively.\nCapital Trust II is a wholly-owned finance subsidiary of Holdings.\nCapital Trust was dissolved upon the completion of the redemption of the trust preferred securities on November 15, 2007.\nHoldings considers that the mechanisms and obligations relating to the trust preferred securities, taken together, constitute a full and unconditional guarantee by Holdings of Capital Trust IIs payment obligations with respect to their trust preferred securities.\nCapital Trust II will redeem all of the outstanding trust preferred securities when the junior subordinated debt securities are paid at maturity on March 29, 2034.\nThe Company may elect to redeem the junior subordinated debt securities, in whole or in part, at any time on or after March 30, 2009.\nIf such an early redemption occurs, the outstanding trust preferred securities would also be proportionately redeemed.\nThere are certain regulatory and contractual restrictions on the ability of Holdings operating subsidiaries to transfer funds to Holdings in the form of cash dividends, loans or advances.\nThe insurance laws of the State of Delaware, where Holdings direct insurance subsidiaries are domiciled, require regulatory approval before those subsidiaries can pay dividends or make loans or advances to Holdings that exceed certain statutory thresholds.\nIn addition, the terms of Holdings Credit Facility (discussed in Note 5) require Everest Re, Holdings principal insurance subsidiary, to maintain a certain statutory surplus level as measured at the end of each fiscal year.\nAt December 31, 2007, $2,595.1 million of the $3,269.7 million in net assets of Holdings consolidated subsidiaries were subject to the foregoing regulatory restrictions.9 ."}
{"_id": "d82384dda", "title": "", "text": "| September 30, | 2010 | (In millions) | Warranty liability, beginning of year | Warranties issued | Changes in liability for pre-existing warranties | Settlements made | Warranty liability, end of year |"}
{"_id": "d820400fc", "title": "", "text": "| Numberof Shares Weighted-Average  GrantDate  Fair Value | Non-vested at December 31, 2008 | Granted | Vested | Forfeited | Non-vested at December 31, 2009 | Granted | Vested | Forfeited | Non-vested at December 31, 2010 | Granted | Vested | Forfeited | Non-vested at December 31, 2011 | Year Ended December 31 | 2018 | (Dollars in millions) | Salaries and employee benefits | Net occupancy expense | Furniture and equipment expense | Outside services | Professional, legal and regulatory expenses | Marketing | FDIC insurance assessments | Branch consolidation, property and equipment charges | Visa class B shares expense | Provision (credit) for unfunded credit losses | Loss on early extinguishment of debt | Other miscellaneous expenses | $3,570 |"}
{"_id": "d8a569a1c", "title": "", "text": "All assets and liabilities were classified as Level 1 with the exception of commodity contracts, which were classified as Level 3.\nCash Equivalents: Cash equivalents and restricted cash equivalents consist of money market funds with daily liquidity.\nShort-term debt instruments classified as cash equivalents on the consolidated balance sheets are not included since they are recorded at amortized cost.\nNonqualified Deferred Compensation Plan Assets and Liabilities: The nonqualified deferred compensation plan assets consist of mutual funds, which are valued using the daily quoted net asset values.\nCMS Energy and Consumers value their nonqualified deferred compensation plan liabilities based on the fair values of the plan assets, as they reflect the amount owed to the plan participants in accordance with their investment elections.\nCMS Energy and Consumers report the assets in other non-current assets and the liabilities in other non-current liabilities on their consolidated balance sheets.\nDB SERP Assets: The DB SERP cash equivalents consist of a money market fund with daily liquidity.\nDuring 2017, CMS Energy and Consumers sold the mutual fund securities and used the proceeds to purchase U. S.  Treasury debt securities.\nCMS Energy and Consumers value the U. S.  Treasury debt securities at their daily quoted market prices.\nPrior to the sale, the DB SERP mutual funds held primarily fixed-income instruments of varying maturities.\nCMS Energy and Consumers report their DB SERP assets in other non-current assets on their consolidated balance sheets.\nFor additional details about DB SERP securities, see Note 7, Financial Instruments.\nPerformance Graph The following graph compares the performance of our common stock with that of the S&P 500 Index and the S&P 500 Healthcare Equipment Index.\nThe cumulative total return listed below assumes an initial investment of $100 on December 31, 2008 and reinvestment of dividends.\nCOMPARISON OF FIVE YEAR CUMULATIVE TOTAL RETURN"}
{"_id": "d89a38666", "title": "", "text": "| Year ended April 30, 2013 2012 2011 | Balance, beginning of the year | Additions based on tax positions related to prior years | Reductions based on tax positions related to prior years | Additions based on tax positions related to the current year | Reductions related to settlements with tax authorities | Expiration of statute of limitations | Foreign currency translation | Other | Balance, end of the year |"}
{"_id": "d8d0e7c16", "title": "", "text": "Note 17: Fair Values of Financial Instruments The following methods and assumptions were used by the Company in estimating its fair value disclosures for financial instruments: Current assets and current liabilitiesThe carrying amounts reported in the Consolidated Balance Sheets for current assets and current liabilities, including revolving credit debt, due to the short-term maturities and variable interest rates, approximate their fair values.\nPreferred stock with mandatory redemption requirements and long-term debtThe fair values of preferred stock with mandatory redemption requirements and long-term debt are categorized within the fair value hierarchy based on the inputs that are used to value each instrument.\nThe fair value of long-term debt classified as Level 1 is calculated using quoted prices in active markets.\nLevel 2 instruments are valued using observable inputs and Level 3 instruments are valued using observable and unobservable inputs.\nThe fair values of instruments classified as Level 2 and 3 are determined by a valuation model that is based on a conventional discounted cash flow methodology and utilizes assumptions of current market rates.\nAs a majority of the Companys debts do not\nlong-term liabilities.\nThe value of the Companys deferred compensation obligations is based on the market value of the participants notional investment accounts.\nThe notional investments are comprised primarily of mutual funds, which are based on observable market prices.\nMark-to-market derivative asset and liabilityThe Company utilizes fixed-to-floating interest-rate swaps, typically designated as fair-value hedges, to achieve a targeted level of variable-rate debt as a percentage of total debt.\nThe Company also employs derivative financial instruments in the form of variable-to-fixed interest rate swaps, classified as economic hedges, in order to fix the interest cost on some of its variable-rate debt.\nThe Company uses a calculation of future cash inflows and estimated future outflows, which are discounted, to determine the current fair value.\nAdditional inputs to the present value calculation include the contract terms, counterparty credit risk, interest rates and market volatility.\nOther investmentsOther investments primarily represent money market funds used for active employee benefits.\nThe Company includes other investments in other current assets."}
{"_id": "d827cc76c", "title": "", "text": "| Years ended June 30 | 2009 | Stock Options: | Weighted average grant date fair value | Weighted average risk-free interest rate | Dividend yield | Expected option life in years | Volatility | ESPP Purchase rights: | Weighted average risk-free interest rate | Dividend yield | Expected option life | Volatility |"}
{"_id": "d8c3d3764", "title": "", "text": "| Net new stores 4.7% | Comparable store sales gain | Total revenue increase |"}
{"_id": "d8cd9d4c0", "title": "", "text": "| 2007 $117 | 2008 | 2009 | 2010 | 2011 | Next 5 years |"}
{"_id": "d863561f2", "title": "", "text": "| December 31, | (In thousands) | Commercial | Commercial real estate | Consumer | Outstanding balance | Carrying amount | Less ALLL | Carrying amount, net |"}
{"_id": "d8a69937e", "title": "", "text": "| Pension Postretirement | (dollars in millions) | Fiscal 2008 | Fiscal 2009 | Fiscal 2010 | Fiscal 2011 | Fiscal 2012 | Fiscal 2013-2017 |"}
{"_id": "d8ac576ee", "title": "", "text": "| Plan Category Number of Securitiesto be Issued UponExercise ofOutstanding Options, Warrants and Rights (A)(B) Weighted-AverageExercise Price ofOutstanding Options, Warrants and Rights Number of SecuritiesRemaining Available forFuture Issuance UnderEquity CompensationPlans (ExcludingSecurities Reflected in Column (A)) (C) | Equity compensation plans approved by security holders |"}
{"_id": "d8b57cc56", "title": "", "text": "Dividends During fiscal 2014, Applieds Board of Directors declared four quarterly cash dividends of $0.10 per share each.\nDuring fiscal 2013, Applieds Board of Directors declared three quarterly cash dividends of $0.10 per share each and one quarterly cash dividend of $0.09 per share.\nDuring fiscal 2012, Applieds Board of Directors declared three quarterly cash dividends of $0.09 per share each and one quarterly cash dividend of $0.08.\nDividends declared during fiscal 2014, 2013 and 2012 totaled $487 million, $469 million and $438 million, respectively.\nApplied currently anticipates that it will continue to pay cash dividends on a quarterly basis in the future, although the declaration and amount of any future cash dividends are at the discretion of the Board of Directors and will depend on Applieds financial condition, results of operations, capital requirements, business conditions and other factors, as well as a determination that cash dividends are in the best interests of Applieds stockholders.\nTotal Revenue for Global Wealth and Investment Management increased $1.9 billion, or 47 percent, for 2004.\nThe Provision for Credit Losses decreased $31 million to a negative $20 million.\nTotal Noninterest Expense increased $1.3 billion to $3.4 billion.\nNet Income increased 28 percent to $1.6 billion.\nSVA decreased $72 million, or eight percent, as the increase in cash basis earnings was more than offset by the increase in the capital allocation that resulted from the Merger.\nNet Interest Income increased 46 percent to $2.9 billion due to growth in Deposits in both Premier Banking and The Private Bank, loan growth in The Private Bank, and the addition of FleetBoston earning assets to the portfolio.\nNet results of ALM activities also drove the increase.\nAverage Deposits increased $29.1 billion, or 54 percent, primarily due to migration of account balances from Consumer Banking to Premier Banking, the impact of the Merger, as well as increased deposit-taking in The Private Bank.\nAverage Loans and Leases increased $6.4 billion, or 17 percent, due to the inclusion of the FleetBoston Loans and Leases and increased loan activity in The Private Bank.\nClient Assets"}
{"_id": "d8d8aeba2", "title": "", "text": "| 2004 2003 | Gain on sale of joint venture interests | Gain on land sales | Impairment adjustment | Total |"}
{"_id": "d8e14a02c", "title": "", "text": "| Cash $108 | Other current assets | Intangible assets | Deferred income taxes | Goodwill | Other non-current assets | Total assets acquired | Liabilities assumed: | Current liabilities | Deferred income taxes | Borrowings | Other non-current liabilities | Total liabilities assumed | Net assets acquired |"}
{"_id": "d8e09d098", "title": "", "text": "| Shares Weighted Average  Grant-Date  Fair Value | Non-vested at May 31, 2008 | Granted | Vested | Forfeited | Non-vested at May 31, 2009 | Granted | Vested | Forfeited | Non-vested at May 31, 2010 |"}
{"_id": "d899ac2a6", "title": "", "text": "| Year ended December 31,(in millions) 2014 2013 2012 | Asset management fees | Investment management fees(a) | All other asset management fees(b) | Total asset management fees | Total administration fees(c) | Commissions and other fees | Brokerage commissions | All other commissions and fees | Total commissions and fees | Total asset management, administration and commissions |"}
{"_id": "d869ea428", "title": "", "text": "| Years Ending December 31, (Dollars in Millions) | 2006 | 2007 | 2008 | 2009 | 2010 | Later years | Total minimum payments | Less total minimum sublease rentals | Net minimum rental commitments |"}
{"_id": "d878b7fb4", "title": "", "text": "| December 31, 2004 $1,054 | December 31, 2005 | December 31, 2006 | December 31, 2007 |"}
{"_id": "d8ee6b22e", "title": "", "text": "| Years Ended December 31, | 2017 | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | Piedmont(a) |"}
{"_id": "d8b131462", "title": "", "text": "| As of September 30, | 2013 | Land/LotsOwned -2 | East | Midwest | Southeast | South Central | Southwest | West | 126,600 | 70% | September 30, 2019 | Land/LotsOwned -1 | East | Midwest | Southeast | South Central | Southwest | West | 121,400 | 40% |"}
{"_id": "d8ded88fc", "title": "", "text": "| Remaining balance | December 31, 2017 | (In thousands) | Commercial, financial, leasing, etc. | Commercial real estate | Residential real estate | Consumer | Total |"}
{"_id": "d8e18a424", "title": "", "text": "| December 31, 2012 | Public | Carrying amount | (in millions) | Three months or less | Greater than three to six months | Greater than six to nine months | Greater than nine to twelve months | Greater than twelve to twenty-four months | Greater than twenty-four to thirty-six months | Greater than thirty-six months | Total fixed maturities, available-for-sale |"}
{"_id": "d86a9017a", "title": "", "text": "Notes to Consolidated Financial Statements Bank Subsidiaries GS Bank USA, an FDIC-insured, New York State-chartered bank and a member of the Federal Reserve System, is supervised and regulated by the Federal Reserve Board, the FDIC, the New York State Department of Financial Services and the Consumer Financial Protection Bureau, and is subject to minimum capital requirements (described below) that are calculated in a manner similar to those applicable to bank holding companies.\nGS Bank USA computes its capital ratios in accordance with the regulatory capital requirements currently applicable to state member banks, which are based on Basel 1 as implemented by the Federal Reserve Board, for purposes of assessing the adequacy of its capital.\nUnder the regulatory framework for prompt corrective action that is applicable to GS Bank USA, in order to be considered a well-capitalized depository institution, GS Bank USA must maintain a Tier 1 capital ratio of at least 6%, a total capital ratio of at least 10% and a Tier 1 leverage ratio of at least 5%.\nGS Bank USA has agreed with the Federal Reserve Board to maintain minimum capital ratios in excess of these wellcapitalized levels.\nAccordingly, for a period of time, GS Bank USA is expected to maintain a Tier 1 capital ratio of at least 8%, a total capital ratio of at least 11% and a Tier 1 leverage ratio of at least 6%.\nAs noted in the table below, GS Bank USA was in compliance with these minimum capital requirements as of December 2012 and December 2011.\nThe table below presents information regarding GS Bank USAs regulatory capital ratios under Basel 1 as implemented by the Federal Reserve Board."}
{"_id": "d8f767b02", "title": "", "text": "| 2018 Changefrom 2017 2017 Changefrom 2016 2016 | Net sales | Operating profit | Operating margin | Acquisition integration charges | Before acquisition integration charges | Operating profit | Operating margin |"}
{"_id": "d82b42112", "title": "", "text": "| 2003 2002 2001 | (Millions) | Computation Products | Memory Products | All Other | Total |"}
{"_id": "d8afd39da", "title": "", "text": "| Pension Benefits Other Postretirement Benefits | For the years ended December 31, | 2018 | Fair value of plan assets — beginning of year | Actual return on plan assets | Employer contributions | Benefits paid [1] | Expenses paid | Settlements | Foreign exchange adjustment | Fair value of plan assets — end of year | Funded status — end of year |"}
{"_id": "d8267f24c", "title": "", "text": "OTHER OPERATING/PERFORMANCE AND FINANCIAL STATISTICS We report a number of key performance measures weekly to the Association of American Railroads (AAR).\nWe provide this data on our website at www.\nup.\ncom/investor/aar-stb_reports/index.\nhtm.\nOperating/Performance Statistics Railroad performance measures are included in the table below:"}
{"_id": "d8b3885e4", "title": "", "text": "The Corporate & Other segment consists of net investment income or loss on corporate level assets, including excess capital held in the Companys subsidiaries and other unallocated equity and other revenues as well as unallocated corporate expenses.\nThe Corporate & Other segment also includes revenues and expenses of consolidated investment entities.\nThe accounting policies of the segments are the same as those of the Company, except for the method of capital allocation and the accounting for gains (losses) from intercompany revenues and expenses, which are eliminated in consolidation.\nThe following is a summary of assets by segment:"}
{"_id": "d82604236", "title": "", "text": "| Comparable store sales impact -2.9% | Non-comparable sales channels-1 | Net new stores | Total revenue decrease |"}
{"_id": "d81f4036e", "title": "", "text": "| Amount (In Millions) | 2012 net revenue | Mark-to-market | Nuclear volume | Nuclear fuel expenses | Nuclear realized price changes | Other | 2013 net revenue |"}
{"_id": "d86e2d99a", "title": "", "text": "On January 1, 2007, new authoritative guidance issued by the FASB for the accounting and reporting of uncertain tax positions was adopted.\nA reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:"}
{"_id": "d85fb445e", "title": "", "text": "Item 7.\nManagement’s Discussion and Analysis of Financial Condition and Results of Operations Liquidity and Capital Resources – CNA Financial – (Continued) The table below reflects the various group ratings issued by A. M.  Best Company (“A.\nM.  Best”), Fitch Ratings (“Fitch”), Moody’s Investors Service (“Moody’s”) and Standard & Poor’s (“S&P”) for the property and casualty and life companies.\nThe table also includes the ratings for CNA’s senior debt and The Continental Corporation (”Continental”) senior debt."}
{"_id": "d8b10a70e", "title": "", "text": "| Fiscal Years Ended | April 3, 2010 | (millions) | Net cash provided by operating activities | Net cash used in investing activities | Net cash used in financing activities | Effect of exchange rate changes on cash and cash equivalents | Net increase (decrease) in cash and cash equivalents |"}
{"_id": "d87df9a40", "title": "", "text": "| 2009 2008 2007 | Adjustment or impairment of acquired assets and obligations, net | Consulting and professional fees | Employee severance and retention, including share-based compensation acceleration | Information technology integration | In-process research & development | Vacated facilities | Facility and employee relocation | Distributor acquisitions | Certain litigation matters | Contract terminations | Other | Acquisition, integration, realignment and other |"}
{"_id": "d8694b864", "title": "", "text": "Other Acquisitions During the second quarter of 2007, we acquired all of the outstanding stock of both Hypnion, Inc.  (Hypnion), a privately held neuroscience drug discovery company focused on sleep disorders, and Ivy Animal Health, Inc.  (Ivy), a privately held applied research and pharmaceutical product development company focused on the animal health industry, for $445.0 million in cash.\nThe acquisition of Hypnion provided us with a broader and more substantive presence in the area of sleep disorder research and ownership of HY10275, a novel Phase II compound with a dual mechanism of action aimed at promoting better sleep onset and sleep maintenance.\nThis was Hypnions only signifi cant asset.\nFor this acquisition, we recorded an acquired IPR&D charge of $291.1 million, which was not deductible for tax purposes.\nBecause Hypnion was a development-stage company, the transaction was accounted for as an acquisition of assets rather than as a business combination and, therefore, goodwill was not recorded.\nThe acquisition of Ivy provides us with products that complement those of our animal health business.\nThis acquisition has been accounted for as a business combination under the purchase method of accounting.\nWe allocated $88.7 million of the purchase price to other identifi able intangible assets, primarily related to marketed products, $37.0 million to acquired IPR&D, and $25.0 million to goodwill.\nThe other identifi able intangible assets are being amortized over their estimated remaining useful lives of 10 to 20 years.\nThe $37.0 million allocated to acquired IPR&D was charged to expense in the second quarter of 2007.\nGoodwill resulting from this acquisition was fully allocated to the animal health business segment.\nThe amount allocated to each of the intangible assets acquired, including goodwill of $25.0 million and the acquired IPR&D of $37.0 million, was deductible for tax purposes."}
{"_id": "d8ab4aea4", "title": "", "text": "| As of and for the Year Ended December 31, | (dollars in millions) | Net interest income-1 | Noninterest income | Total revenue | Noninterest expense | Profit before provision for credit losses | Provision for credit losses | Income before income tax expense | Income tax expense | Net income | Loans and leases (period-end)(2) | Average Balances: | Total assets | Total loans and leases-2 | Deposits | Interest-earning assets | Key Performance Metrics: | Net interest margin | Efficiency ratio | Average loans to average deposits ratio-3 | Return on average total tangible assets | (dollar amounts in millions) | December 31 | Exploration and production (E&P) | Midstream | Services | Total Energy business line | As a percentage of total Energy loans |"}
{"_id": "d8d24b2ce", "title": "", "text": "| Business Date Acquired Percentage Ownership | Fiscal 2008 | Discover merchant portfolio | LFS Spain | Money transfer branch locations | Fiscal 2007 | HSBC Asia-Pacific merchant acquiring business | Diginet d.o.o. | Money transfer branch locations | Fiscal 2006 | Costamar money transfer branch locations | Total | Goodwill | Customer-related intangible assets | Contract-based intangible assets | Property and equipment | Other current assets | Total assets acquired | Current liabilities | Minority interest in equity of subsidiary | Net assets acquired |"}
{"_id": "d86338094", "title": "", "text": "| At or for the year ended December 31 | Dollars in millions, except as noted | BALANCESHEETHIGHLIGHTS | Assets | Loans | Allowance for loan and lease losses | Interest-earning deposits with banks | Investment securities | Loans held for sale | Goodwill and other intangible assets | Equity investments | Noninterest-bearing deposits | Interest-bearing deposits | Total deposits | Transaction deposits (c) | Borrowed funds (d) | Total shareholders’ equity | Common shareholders’ equity | CLIENTASSETS(billions) | Discretionary assets under management | Nondiscretionary assets under management | Total assets under administration | Brokerage account assets (e) | Total client assets | SELECTEDRATIOS | Net interest margin (f) | Noninterest income to total revenue | Efficiency | Return on | Average common shareholders’ equity | Average assets | Loans to deposits | Dividend payout | Tier 1 common | Tier 1 risk-based | Common shareholders’ equity to total assets | Average common shareholders’ equity to average assets | SELECTEDSTATISTICS | Employees | Retail Banking branches | ATMs | Residential mortgage servicing portfolio (billions) | Commercial mortgage servicing portfolio (billions) |"}
{"_id": "d8b505106", "title": "", "text": "| Percentage Increase/(Decrease) | (in millions) | Periodic Premium Sales By Product*: | Universal life | Variable universal life | Term life | Whole life/other | Total |"}
{"_id": "d899fdaac", "title": "", "text": "| 2011 2010 2009 | Interest and dividend income | Other expense, net | Total other income and expense |"}
{"_id": "d82200db0", "title": "", "text": "Cash and Cash Equivalents At December 31, 2018, Evergy had approximately $160.3 million of cash and cash equivalents on hand.\nUnder the Amended Merger Agreement, Great Plains Energy was required to have not less than $1.25 billion in cash and cash equivalents on its balance sheet at the closing of the merger with Westar Energy.\nIn 2018, Evergy primarily utilized this excess cash to repurchase approximately $1,042 million of common stock.\nEvergy anticipates that its remaining excess cash will also be returned to shareholders through the repurchase of common stock.\nManagements Discussion and Analysis of Financial Condition and Results of Operations  (continued) (Amounts in Millions, Except Per Share Amounts) Financing Activities Net cash used in financing activities during 2015 primarily related to the repurchase of our common stock and payment of dividends.\nWe repurchased 13.6 shares of our common stock for an aggregate cost of $285.2, including fees, and made dividend payments of $195.5 on our common stock.\nNet cash used in financing activities during 2014 primarily related to the purchase of long-term debt, the repurchase of our common stock and payment of dividends.\nWe redeemed all $350.0 in aggregate principal amount of our 6.25% Notes, repurchased 14.9 shares of our common stock for an aggregate cost of $275.1, including fees, and made dividend payments of $159.0 on our common stock.\nThis was offset by the issuance of $500.0 in aggregate principal amount of our 4.20% Notes.\nForeign Exchange Rate Changes The effect of foreign exchange rate changes on cash and cash equivalents included in the Consolidated Statements of Cash Flows resulted in a decrease of $156.1 in 2015.\nThe decrease was primarily a result of the U. S.  Dollar being stronger than several foreign currencies, including the Australian Dollar, Brazilian Real, Canadian Dollar, Euro and South African Rand as of December 31, 2015 compared to December 31, 2014.\nThe effect of foreign exchange rate changes on cash and cash equivalents included in the Consolidated Statements of Cash Flows resulted in a decrease of $101.0 in 2014.\nThe decrease was primarily a result of the U. S.  Dollar being stronger than several foreign currencies, including the Australian Dollar, Brazilian Real, Canadian Dollar and Euro as of December 31, 2014 compared to December 31, 2013."}
{"_id": "d833d3f60", "title": "", "text": "| Impairment of property carrying values $50.0 | Real estate under development | Investments in other real estate investments | Marketable securities and other investments | Investments in real estate joint ventures | Total impairment charges | Series A preferred stock | (in millions) | Outstanding shares at January 1, 2008 | Shares issued | Treasury stock acquired | Outstanding shares at December 31, 2008 | Shares issued | Treasury stock acquired | Outstanding shares at December 31, 2009 | Shares issued | Treasury stock acquired | Outstanding shares at December 31, 2010 | For the three months ended | December 31 | (in millions, except per share data) | 2010 | Total revenues | Total expenses | Net income | Net income available to common stockholders | Basic earnings per common share for net income available to common stockholders | Diluted earnings per common share for net income available to common stockholders | 2009 | Total revenues | Total expenses | Net income | Net income available to common stockholders | Basic earnings per common share for net income available to common stockholders | Diluted earnings per common share for net income available to common stockholders |"}
{"_id": "d889f7702", "title": "", "text": "Under customer usage agreements, the Company installs certain equipment (for example, a ThinPrep Processor or a ThinPrep Imaging System) at customer sites and customers commit to purchasing minimum quantities of disposable products at a stated price (generally including a usage fee for the equipment) over a defined contract term, which is typically between three and five years.\nRevenue is recognized over the term of the customer usage agreement as disposable products are delivered.\nThe Company also rents certain equipment to customers.\nRevenues from rental agreements are recorded over the term of the rental agreements.\nAccounts Receivable and Reserves The Company records reserves for doubtful accounts based upon a specific review of all outstanding invoices, known collection issues and historical experience.\nThe Company regularly evaluates the collectability of its trade accounts receivables and performs ongoing credit evaluations of its customers and adjusts credit limits based upon payment history and its assessment of the customers current credit worthiness.\nThese estimates are based on specific facts and circumstances of particular orders, analysis of credit memo data and other known factors.\nAccounts receivable reserve activity for fiscal years 2011, 2010 and 2009 is as follows:"}
{"_id": "d8198beaa", "title": "", "text": "The tax rate for fiscal 2019 was below the U. S.  statutory tax rate of 21% partially due to lower statutory tax rates applicable to our operations in the foreign jurisdictions from which we earn income and tax incentives such as the foreign derived intangible income deduction and research and development tax credits.\nThese items are partially offset by the global intangible low-tax income (GILTI) tax.\nThe tax rate for f fiscal 2019 includes a $17.2 million tax benefit from a voluntary accounting policy change in the statutory statements of a foreign f subsidiary, an $11.2 million tax benefit from an increase in tax credits upon filing our fiscal 2018 federal income tax return and excess tax benefits from stock-based compensation payments of $28.7 million.\nSimilarly, our tax rate for fiscal 2018 was below our then blended U. S.  federal statutory tax rate of 23.4%, primarily due to lower statutory tax rates applicable to our operations in the foreign jurisdictions in which we earn income and $25.6 million of tax benefit related to the release of uncertain tax positions due to laapses in statute of limitations.\nIn addition, our effective tax rate for fiscal f 2018 includes a provisional estimate for f a discrete tax benefit of $637.0 million from remeasuring our U. S.  deferred tax assets and liaabilities at the lower 21.0% U. S.  federal statutory tax rate and a provisional estimate of $691.0 million for the discrete tax charge from the Tax Legislation’s one-time transition tax associated with our undistributed foreign earnings, which is comprised of a $755.0 million transitional tax less a deferred tax liability of $64.0 million that was recorded in prior years and excess tax benefits from stock-based compensation payments of $26.2 million.\nNon-U.\nS.  jurisdictions accounted for approximately 75.9% of our total revenues for both fiscal 2019 and fiscal 2018.\nThis revenue generated outside of the U. S.  results in a material portion of our pretax income being taxed outside the U. S.  In fiscal 2019, this was primarily in Ireland and Singapore, at tax rates ranging from 12.5% to 17% and in fiscal 2018, this was primarily in Bermuda, Ireland and Singapore, at tax rates ranging from 0 to 33.3%.\nThe impact on our provision for income taxes on income earned in fforeign jurisdictions being taxed at rates different than the U. S.  federal statutory rate was a benefit of approximately $242.9 million and a fforeign effective tax rate of approximately 21.1% for fiscal 2019 as compared to a benefit of approximately $420.8 million and a fforeign effective tax rate of approximately 5.2% for fiscal 2018.\nOur foreign effective tax rates for both periods are inclusive of certain non-deductible expenses which can result in tax rates higher than the applicable statutory tax rates.\nIn addition, our effective income tax rate can be impacted each year by amounts for discrete factors or events and acquisition-related accounting adjustments.\nSee Note 12, Income Taxes, of the Notes to Consolidated Financial Statements contained in Item 8 of this Annual Report on Form 10-K for further discussion."}
{"_id": "d8e727e54", "title": "", "text": "The firm, in its capacity as an agency lender, indemnifies most of its securities lending customers against losses incurred in the event that borrowers do not return securities and the collateral held is insufficient to cover the market value of the securities borrowed.\nIn the ordinary course of business, the firm provides other financial guarantees of the obligations of third parties (e. g. , standby letters of credit and other guarantees to enable clients to complete transactions and fund-related guarantees).\nThese guarantees represent obligations to make payments to beneficiaries if the guaranteed party fails to fulfill its obligation under a contractual arrangement with that beneficiary.\nThe table below presents certain information about derivatives that meet the definition of a guarantee and certain other guarantees.\nThe maximum payout in the table below is based on the notional amount of the contract and therefore does not represent anticipated losses.\nSee Note 7 for further information about credit derivatives that meet the definition of a guarantee which are not included below.\nBecause derivatives are accounted for at fair value, the carrying value is considered the best indication of payment/ performance risk for individual contracts.\nHowever, the carrying values below exclude the effect of a legal right of setoff that may exist under an enforceable netting agreement and the effect of netting of collateral posted under enforceable credit support agreements."}
{"_id": "d8f727804", "title": "", "text": "| Quarterly Period Ending (in millions, except per share amounts) Number of shares purchased Cost of shares repurchased Average price paid per share Remaining capacity under share repurchase authorization | March 31, 2012 | June 30, 2012 | September 30, 2012 | December 31, 2012 | Total |"}
{"_id": "d8ab10ef2", "title": "", "text": "Consolidated Borrowings Current capital markets activities for the Company on a consolidated basis principally consist of unsecured short-term and long-term borrowings by Prudential Funding and Prudential Financial, unsecured third party bank borrowings, and asset-based or secured financing.\nAs of December 31, 2010, we were in compliance with all debt covenants related to the borrowings in the table below.\nThe following table sets forth total consolidated borrowings of the Company as of the dates indicated:"}
{"_id": "d8ccb9662", "title": "", "text": "| Measurement PointDecember 31 Booking Holdings Inc. NASDAQComposite Index S&P 500Index RDG InternetComposite | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 |"}
{"_id": "d8724e038", "title": "", "text": "| Year Ended December 31, 2005 Year Ended December 31, 2004 | Financial Services Businesses | (in millions, except per share amounts) | Net income, as reported | Add: Total employee stock option compensation expense included in reported net income, net of taxes | Deduct: Total employee stock option compensation expense determined under the fair value based method for all awards, net oftaxes | Pro forma net income | Earnings per share: | Basic—as reported | Basic—pro forma | Diluted—as reported | Diluted—pro forma |"}
{"_id": "d87903324", "title": "", "text": "| (In millions) 2019 2020 2021 2022 2023 Thereafter Total-2 | As of December 31, 2018 | Long-term debt-1 | Weighted average interest rates |"}
{"_id": "d89d7405a", "title": "", "text": "| December 31, | In millions of dollars | Consumer loans | In U.S. offices | Mortgage and real estate-1 | Installment, revolving credit and other | Cards | Commercial and industrial | Total | In offices outside the U.S. | Mortgage and real estate-1 | Installment, revolving credit and other | Cards | Commercial and industrial | Lease financing | Total | Total consumer loans | Unearned income-2 | Consumer loans, net of unearned income | Corporate loans | In U.S. offices | Commercial and industrial | Financial institutions | Mortgage and real estate-1 | Installment, revolving credit and other | Lease financing | Total | In offices outside the U.S. | Commercial and industrial | Financial institutions | Mortgage and real estate-1 | Installment, revolving credit and other | Lease financing | Governments and official institutions | Total | Total corporate loans | Unearned income-3 | Corporate loans, net of unearned income | Total loans—net of unearned income | Allowance for loan losses—on drawn exposures | Total loans—net of unearned incomeand allowance for credit losses | Allowance for loan losses as a percentage of total loans—net of unearned income-4 | Allowance for consumer loan losses as a percentage oftotal consumer loans—net of unearned income-4 | Allowance for corporate loan losses as a percentage oftotal corporate loans—net of unearned income-4 |"}
{"_id": "d8c05c054", "title": "", "text": "| Shares Weighted Average Grant-date Fair Value | Non-vested shares at January 1 | Granted | Deferred | Vested | Forfeited | Non-vested shares at December 31 |"}
{"_id": "d8efddd5a", "title": "", "text": "| Equity Price Exposure to Pretax Income | Equity Price Decline 10% | (in millions) | Asset-based management and distribution fees-1 | DAC and DSIC amortization-2(3) | Variable annuity riders: | GMDB and GMIB-3 | GMWB | GMAB | DAC and DSIC amortization-4 | Total variable annuity riders | Macro hedge program-5 | Equity indexed annuities | Certificates | Indexed universal life insurance | Total |"}
{"_id": "d8e92afa8", "title": "", "text": "Shareholder Return Performance The line graph below compares the annual percentage change in Ball Corporation’s cumulative total shareholder return on its common stock with the cumulative total return of the Dow Jones Containers & Packaging Index and the S&P Composite 500 Stock Index for the five-year period ended December 31, 2010.\nIt assumes $100 was invested on December 31, 2005, and that all dividends were reinvested.\nThe Dow Jones Containers & Packaging Index total return has been weighted by market capitalization."}
{"_id": "d8de64ede", "title": "", "text": "| (Thousands of Barrels per Day) 2004 2003 2002 | Gasoline | Distillates | Propane | Feedstocks and Special Products | Heavy Fuel Oil | Asphalt | TOTAL | Matching Buy/Sell Volumes included in above |"}
{"_id": "d8ba69b4c", "title": "", "text": "| SPP Total Portfolio | 2016 | Rental revenues-1 | HCP share of unconsolidated JV revenues | Operating expenses | HCP share of unconsolidated JV share of operating expenses | NOI | Non-cash adjustments to NOI | Adjusted NOI | Non-SPP adjusted NOI | SPP adjusted NOI | Adjusted NOI % change | Property count-2 | Average occupancy | Average occupied sq. ft. | Average annual total revenues per occupied sq. ft. | Average annual rental revenues per occupied sq. ft. |"}
{"_id": "d8937492e", "title": "", "text": "| December 31, 2012 | Reporting Unit | Retail Brokerage | Market Making | Total goodwill |"}
{"_id": "d86ed2c24", "title": "", "text": "Preferred Stock 2.822% Redeemable Preferred Stock On December 23, 2014, NRG and the Credit Suisse Group amended and restated its 250,000 shares of 3.625% Convertible Perpetual Preferred Stock, or 3.625% Preferred Stock, which is treated as redeemable preferred stock, initially issued on August 11, 2005 to the Credit Suisse Group in a private placement.\nThe amendment resulted in a reduction of the rate from 3.625% to 2.822% and is hereby referred to as the 2.822% Preferred Stock.\nThe transaction was accounted for as an extinguishment of the 3.625% Preferred Stock and the issuance of new 2.822% Preferred Stock.\nThe loss on extinguishment of the 3.625% Preferred Stock of $42 million represents the increase in redeemable preferred stock as the Company recorded the 2.822% Preferred Stock at a fair value of $291 million in connection with the amendment.\nThe loss on extinguishment of $42 million as well as $5 million in consent fees paid to Credit Suisse, are recorded as a dividend on the preferred shares.\nThis amount reduces net income to arrive at net income/(loss) available to NRG common stockholders in the calculation of earnings per share.\nThe 2.822% Preferred Stock amount is located after the liabilities but before the stockholders' equity section on the balance sheet, due to the fact that the preferred shares can be redeemed in cash by the stockholder.\nThe 2.822% Preferred Stock has a liquidation preference of $1,378 per share.\nHolders of the 2.822% Preferred Stock are entitled to receive, out of legally available funds, cash dividends at the rate of 2.822% per annum, or $28.22 per share per year, payable in cash quarterly in arrears commencing on December 30, 2014."}
{"_id": "d8f790912", "title": "", "text": "Archer Daniels Midland Company Notes to Consolidated Financial Statements (Continued) Note 13.\nEmployee Benefit Plans The Company provides substantially all domestic employees and employees at certain international subsidiaries with pension benefits.\nThe Company also provides substantially all domestic salaried employees with postretirement health care and life insurance benefits.\nThe Company has savings and investment plans available to employees.\nThe Company also maintains stock ownership plans for qualifying employees.\nThe Company contributes shares of its stock to the plans to match qualifying employee contributions.\nEmployees have the choice of retaining Company stock in their accounts or diversifying the shares into other investment options.\nExpense is measured and recorded based upon the fair market value of the stock contributed to the plans each month.\nThe number of shares designated for use in the plans is not significant compared to the shares outstanding for the periods presented.\nAssets of the Companys defined contribution savings plans consist primarily of listed common stocks and pooled funds.\nThe Companys defined contribution savings plans held 16.4 million shares of Company common stock at June 30, 2008, with a market value of $555 million.\nCash dividends received on shares of Company common stock held by these plans during the year ended June 30, 2008 were $9 million."}
{"_id": "d8b642b22", "title": "", "text": "The Firm has created structured commercial loan vehicles managed by third parties, in which loans are purchased from third parties or through the Firms syndication and trading functions and funded by issuing commercial paper.\nInvestors provide collateral and have a first risk of loss up to the amount of collateral pledged.\nThe Firm retains a second-risk-of-loss position for these vehicles and does not absorb a majority of the expected losses of the vehicles.\nDocumentation includes provisions intended, subject to certain conditions, to enable JPMorgan Chase to terminate the transactions related to a particular loan vehicle if the value of the relevant portfolio declines below a specified level.\nThe amount of the commercial paper issued by these vehicles totaled $5.3 billion as of December 31, 2003, and $7.2 billion as of December 31, 2002.\nJPMorgan Chase was committed to provide liquidity to these VIEs of up to $8.0 billion at December 31, 2003, and $12.0 billion at December 31, 2002.\nThe Firms maximum exposure to loss to these vehicles at December 31, 2003, was $5.5 billion, which reflects the netting of collateral and other program limits."}
{"_id": "d8bc26e12", "title": "", "text": "(1) Unrealized gains or losses on short-term investments and restricted cash and short-term investments are recorded in accumulated other comprehensive loss at each measurement date.\n(2) The Company’s short-term investments mature in one year or less except for $1.1 billion of corporate obligations and $575 million of bank notes/certificates of deposit/time deposits.\nThere were no Level 1 to Level 2 transfers during the year ended December 31, 2014."}
{"_id": "d8aac317a", "title": "", "text": "approximately $219.3 million, that we acquired in connection with our business combination with Cytyc, and an increase in revenues from our Breast Health products of approximately $172.2 million.\nBreast Health product sales increased 31% in fiscal 2008 compared to fiscal 2007, primarily due to a $97.0 million increase in worldwide digital mammography system sales, the addition of $33.9 million of product sales of the MammoSite Radiation Therapy System, a $23.6 million increase in breast biopsy device sales from Suros and an increase of $21.5 million in product sales of the MammoPad breast cushion.\nPartially offsetting these increases was a decrease of $6.4 million in digital array sales to an OEM as we phase out of selling these arrays to third parties.\nThe MammoSite system was acquired in connection with our business combination with Cytyc in October 2007 and the MammoPad breast cushion was acquired in connection with our BioLucent acquisition in September 2007.\nThe increase in our digital mammography product sales was primarily attributable to an increase in the number of Selenia systems and related components sold, including our R2 CAD software.\nIn fiscal 2008 we sold 1,678 digital mammography systems compared to 1,189 systems in fiscal 2007.\nThis revenue was partially offset by a decrease in average selling prices primarily attributable to increased competition, higher dealer sales, changes in product configuration and increased multi-system sales.\nWe attribute the increase in digital mammography system sales primarily to the growing acceptance of our Selenia mammography system and of digital mammography in general.\nWe expect the growth in the sales of these systems to slow as the market for digital mammography matures.\nDiagnostics product sales were $474.6 million in fiscal 2008, due to the inclusion of Cytyc results for 49 of the 52 weeks in the current year as well as 9 weeks of Third Wave revenues of approximately $5.9 million.\nCytyc Diagnostic sales include our ThinPrep and FullTerm products.\nGYN Surgical product sales were $219.3 million in fiscal 2008, due to the inclusion of Cytyc results for 49 of the 52 weeks in the current year.\nThese sales include our NovaSure system.\nSkeletal Health product sales increased 11% in fiscal 2008 compared to fiscal 2007, primarily due to a $10.8 million increase in mini C-arm sales worldwide, partially offset by a $2.0 million decrease in extremity MRI sales and a $1.2 million decrease in bone densitometry product sales.\nThe increase in mini C-arm sales was primarily due to an increase in the number of units sold and, to a lesser extent, an increase in the average selling prices related to the commercialization of a new and enhanced product version.\nThe decrease in extremity MRI sales was due to a decrease in the number of systems sold.\nThe decrease in bone densitometry sales was primarily due to a decrease in the number of used bone densitometry systems and upgrades sold and a decrease in the average selling prices of our bone densitometry systems in the United States, partially offset by an increase in the number of bone densitometry systems sold internationally.\nWe believe the decrease in our domestic osteoporosis assessment average selling prices reflected a decline in market conditions due in part to a reduction in reimbursement for osteoporosis assessment exams.\nIn fiscal 2008, approximately 80% of product sales were generated in the United States, 12% in Europe, 4% in Asia, and 4% in other international markets.\nIn fiscal 2007, approximately 75% of product sales were generated in the United States, 15% in Europe, 5% in Asia, and 5% in other international markets.\nThe increase in the percentage of product sales generated in the United States in fiscal 2008 is primarily due to the additional product sales from Cytyc, which had a higher percentage of its product sales from the United States than our historical businesses."}
{"_id": "d8efa6634", "title": "", "text": "| Year Ended | November 28, 2003 | Net income: | As reported | Add: Stock-based employee compensation expense included in reported net income, net of related tax effects | Less: Total stock-based employee compensation expense determined under fair value based method, net of related tax effects | Pro forma | Basic net income per share: | As reported | Pro forma | Diluted net income per share: | As reported | Pro forma |"}
{"_id": "d83392a88", "title": "", "text": "| Fiscal Year Balance at Beginning of Period Costs Incurred (Reduced) Cash Payments Balance at End of Period | (in millions) | 2017 | 2016 | 2015 | Year Ended October 31, | 2017 | (dollars in millions) | Interest income | Interest expense | Gain (loss) on assets related to executive deferred compensation plan | Foreign currency exchange gain (loss) | Other, net | Total |"}
{"_id": "d88908e90", "title": "", "text": "| For the years ended, December 31, ($ in millions) | 2004 | Total operating cash flows | Purchases of property, plant and equipment | Cash paid for acquisitions | Other sources | Net cash used in investing activities | Proceeds from the issuance of common stock | Proceeds (repayments) of borrowings, net | Dividends paid | Net cash provided by (used in) financing activities |"}
{"_id": "d8c7d2a18", "title": "", "text": "| Amounts in millions, except per share amounts 2016 Change vs. Prior Year 2015 Change vs. Prior Year 2014 | Net sales | Operating income | Net earnings from continuing operations | Net earnings/(loss) from discontinued operations | Net earnings attributable to Procter & Gamble | Diluted net earnings per common share | Diluted net earnings per share from continuing operations | Core EPS | Cash flow from operating activities |"}
{"_id": "d8ad658ce", "title": "", "text": "Gas Peak Demand The gas peak demand for firm sales customers in CECONY’s service area occurs during the winter heating season.\nThe peak day demand during the winter 2016/2017 (through January 31, 2017) occurred on January 9, 2017 when the demand reached 1,155 MDt.\nThe 2016/2017 peak day demand included 606 MDt for CECONY’s full-service customers and 549 MDt for customers participating in its gas retail choice program.\n“Design weather” for the gas system is a standard to which the actual peak demand is adjusted for evaluation and planning purposes.\nThe company estimates that, under design weather conditions, the 2017/2018 service area peak day demand will be 1,509 MDt, including an estimated 792 MDt for its full-service customers and 717 MDt for its gas retail choice customers.\nThe forecasted peak day demand at design conditions does not include gas used by interruptible gas customers including electric and steam generating stations.\nThe company forecasts an average annual growth of the gas peak demand over the next five years at design conditions to be approximately 2.3 percent in its service area."}
{"_id": "d87851f2a", "title": "", "text": "HII expects to incur higher costs to complete ships currently under construction in Avondale due to anticipated reductions in productivity.\nAs a result, in the second quarter of 2010, the Company increased the estimates to complete LPD-23 and LPD-25 by approximately $210 million.\nThe Company recognized a $113 million pre-tax charge to operating income for these contracts in the second quarter of 2010.\nHII is exploring alternative uses of the Avondale facility, including alternative opportunities for the workforce.\nIn connection with and as a result of the decision to wind down shipbuilding operations at the Avondale, Louisiana facility, the Company began incurring and paying related employee severance and incentive compensation liabilities and expenditures, asset retirement obligation liabilities that became reasonably estimable, and amounts owed for not meeting certain requirements under its cooperative endeavor agreement with the State of Louisiana.\nThe Company anticipates that it will incur substantial other restructuring and facilities shutdown related costs, including, but not limited to, severance expense, relocation expense, and asset write-downs related to the Avondale facilities.\nThese costs are expected to be allowable expenses under government accounting standards and thus should be recoverable in future years’ overhead costs.\nThese future costs could approximate $271 million, based on management’s current estimate.\nSuch costs should be recoverable under existing flexibly priced contracts or future negotiated contracts in accordance with Federal Acquisition Regulation (“FAR”) provisions relating to the treatment of restructuring and shutdown related costs.\nThe Company is currently in discussions with the U. S.  Navy regarding its cost submission to support the recoverability of these costs under the FAR and applicable contracts, and this submission is subject to review and acceptance by the U. S.  Navy.\nThe Defense Contract Audit Agency (“DCAA”), a DoD agency, prepared an initial audit report on the Company’s cost proposal for restructuring and shutdown related costs of $310 million, which stated that the proposal was not adequately supported for the DCAA to reach a conclusion and questioned approximately $25 million, or 8%, of the costs submitted by the Company.\nAccordingly, the DCAA did not accept the proposal as submitted.\nThe Company has submitted a revised proposal to address the concerns of the DCAA and to reflect a revised estimated total cost of $271 million.\nShould the Company’s revised proposal be challenged by the U. S.  Navy, the Company would likely pursue prescribed dispute resolution alternatives to resolve the challenge.\nThat process, however, would create uncertainty as to the timing and eventual allowability of the costs related to the wind down of the Avondale facility.\nUltimately, the Company anticipates these discussions with the U. S.  Navy will result in an agreement that is substantially in accordance with management’s cost recovery expectations.\nAccordingly, HII has treated these costs as allowable costs in determining the earnings performance on its contracts in process.\nThe actual restructuring expenses related to the wind down may be greater than the Company’s current estimate, and any inability to recover such costs could result in a material effect on the Company’s consolidated financial position, results of operations or cash flows.\nThe Company also evaluated the effect that the wind down of the Avondale facilities might have on the benefit plans in which HII employees participate.\nHII determined that the potential impact of a curtailment in these plans was not material to its consolidated financial position, results of operations or cash flows.\nThe table below summarizes the Company’s liability for restructuring and shutdown related costs associated with winding down the Avondale facility.\nAs of December 31, 2011 and 2010, these costs are comprised primarily of employee severance and retention and incentive bonuses.\nThese amounts were capitalized in inventoried costs, and will be recognized as expenses in cost of product sales beginning in 2014."}
{"_id": "d8cfea156", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | Gross reserves at beginning of period | Incurred related to: | Current year | Prior years | Total incurred losses | Paid related to: | Current year | Prior years | Total paid losses | Foreign exchange/translation adjustment | Change in reinsurance receivables on unpaid losses and LAE | Gross reserves at end of period | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d89be0ffe", "title": "", "text": "| Years Ended December 31, | 2009 | Number | of | Shares | Shares under option at beginningof year | Granted | Cancelled | Exercised | Shares under option at end of year | Exercisable at end of year |"}
{"_id": "d874ac4ec", "title": "", "text": "Non-current deferred tax assets are included in the caption Other assets on the consolidated balance sheets.\nNon-current deferred tax liabilities are included in the caption Other long-term liabilities on the consolidated balance sheets.\nIn December 2017, the U. S.  government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act of 2017 (Tax Reform Act).\nThe legislation significantly changes U. S.  tax law by, among other things, lowering corporate income tax rates, implementing a modified territorial tax system and imposing a transition tax on deemed repatriated earnings of foreign subsidiaries.\nThe Tax Reform Act permanently reduces the U. S.  corporate income tax rate from a maximum of 35% to a flat 21% rate, effective January 1, 2018.\nASC 740: Income Taxes, requires companies to recognize the effect of the tax law changes in the period of enactment.\nHowever, the SEC staff issued Staff Accounting Bulletin 118 which will allow companies to record provisional amounts during a measurement period that is similar to the measurement period used when accounting for business combinations.\nThe Company has adjusted its deferred tax assets and liabilities based on the reduction of the U. S.  federal corporate tax rate from 35% to 21% and assessed the realizability of our deferred tax assets based on our current understanding of the provisions of the new law.\nThe Company considers its accounting for the impacts of the Tax Reform Act to be incomplete and the Company will continue to assess the impact of the Tax Reform Act (and expected further guidance from federal and state tax authorities as well as further guidance for the associated income tax accounting) on its business and consolidated financial statements over the next 12 months.\nThe Tax Reform Act eliminated the corporate alternative minimum tax (AMT) for tax years commencing on or after January 1, 2018.\nAs a result, AMT credit carryforwards may be utilized to reduce future income tax liabilities.\nIn addition, excess AMT credits are refundable in any taxable year beginning after 2017 and before 2022 in an amount equal to 50% (100% in the case of taxable years beginning in 2021) of the excess of the minimum tax credit for the taxable year over the amount of the credit allowable for the year against regular tax liability.\nAccordingly, the Company has reclassified $16 million of AMT credit carry forwards as a non-current tax receivable.\nAs of December 30, 2017, substantially all of the Company’s U. S.  and foreign deferred tax assets, net of deferred tax liabilities, continued to be subject to a valuation allowance.\nThe realization of these assets is dependent on substantial future taxable income which at December 30, 2017, in management’s estimate, is not more likely than not to be achieved.\nIn 2017, gross deferred tax assets decreased by $1,018 million primarily for provisional decreases related to the remeasurement of deferred tax assets due to the 21% tax rate under the Tax Reform Act, as well as decreases related to acquired intangibles and goodwill, offset by a decrease in the gross deferred tax liability balance of $112 million primarily for provisional decreases related to the remeasurement of deferred tax liabilities due to the 21% tax rate under the Tax Reform Act, and a decrease in the gross valuation allowance of $905 million.\nIn 2016, the net valuation allowance decreased by $143 million primarily for decreases in deferred tax assets related to foreign capitalized research costs, acquired intangibles and goodwill.\nIn 2015, the net valuation allowance increased by $174 million primarily for increases in deferred tax assets related to the net operating losses generated from pre-tax book losses in the U. S.  The following is a summary of the Company’s various tax attribute carryforwards as of December 30, 2017."}
{"_id": "d8ba46c46", "title": "", "text": "| December 31 | (Dollars in millions) | Loan commitments-1 | Home equity lines of credit | Standby letters of credit and financial guarantees | Commercial letters of credit | Legally binding commitments | Credit card lines-2 | Total |"}
{"_id": "d8f3a7256", "title": "", "text": "| (Millions of Dollars) 2015 2014 2013 | CECONY | Operations | Pensions and other postretirement benefits | Health care and other benefits | Regulatory fees and assessments (a) | Other | Total CECONY | O&R | Competitive energy businesses | Other (b) | Total other operations and maintenance expenses |"}
{"_id": "d8a362494", "title": "", "text": "Distribution xpedx, our distribution business, is one of North America’s leading business-to-business distributors to manufacturers, facility managers and printers, providing customized solutions that are designed to improve efficiency, reduce costs and deliver results.\nCustomer demand is generally sensitive to changes in economic conditions and consumer behavior, along with segment specific activity including corporate advertising and promotional spending, government spending and domestic manufacturing activity.\nDistribution’s margins are relatively stable across an economic cycle.\nProviding customers with the best choice for value in both products and supply chain services is a key competitive factor.\nAdditionally, efficient customer service, cost-effective logistics and focused working capital management are key factors in this segment’s profitability."}
{"_id": "d87e2e4f2", "title": "", "text": "Global Corporate and Global Commercial Banking Global Corporate and Global Commercial Banking each include Business Lending and Global Transaction Services (formerly Global Treasury Services) activities.\nBusiness Lending includes various lending-related products and services and related hedging activities including commercial loans, leases, commitment facilities, trade finance, real estate lending and asset-based lending.\nGlobal Transaction Services includes deposits, treasury management, credit card, foreign exchange, and short-term investment and custody solutions to corporate and commercial banking clients.\nThe table below presents a summary of Global Corporate and Global Commercial Banking results, which exclude certain capital markets activity in Global Banking"}
{"_id": "d868cc3c0", "title": "", "text": "| As of December 31, 2012 (In percentages) | InfraServ GmbH & Co. Gendorf KG | InfraServ GmbH & Co. Knapsack KG | InfraServ GmbH & Co. Hoechst KG |"}
{"_id": "d8ef70430", "title": "", "text": "Borrowing Arrangements We maintain debt levels we consider prudent based on our cash flow, interest coverage ratio and percentage of debt to capital.\nWe use debt financing to lower our overall cost of capital which increases our return on stockholders’ equity.  ?\nIn October 2011, we entered into a new five-year agreement establishing an unsecured revolving credit facility to borrow up to $1.1 billion, with an option to increase borrowings by an additional $400 million with the consent of the lenders.\nAs of December 31, 2012, $1.1 billion was available to borrow under the agreement.\nThe unsecured revolving credit agreement contains certain financial and other covenants, customary representations, warranties and events of default.\nAs of December 31, 2012, we complied with all of these covenants.\nWe may use these funds for general corporate purposes, including commercial paper backstop and business acquisitions.  ?\nIn addition to the revolving credit facility, we maintain lines of credit with domestic and international commercial banks.\nAs of December 31, 2012, we could borrow up to approximately $176.7 million in various currencies under the lines of credit and as of December 31, 2011, we could borrow up to $76.9 million.\nRegistration Statements ?\nIn May 2009, we filed a shelf registration statement on Form S-3 that registered an indeterminate amount of debt securities.\nThis registration statement was effective immediately upon filing under Securities and Exchange Commission regulations governing “well-known seasoned issuers” (the “2009 WKSI Registration Statement”).  ?\nIn November 2011, we issued $250 million of 1.50% Notes due November 1, 2016 and, in December 2010, we issued $350 million of 4.125% Notes due December 1, 2020.\nThe Notes were issued under the 2009 WKSI Registration Statement.  ?\nThe 2009 WKSI Registration Statement expired in May 2012.\nAccordingly, in May 2012, we filed a new registration statement on Form S-3 to replace the 2009 WKSI Registration Statement.\nThe registration statement filed in May 2012 registered an undeterminate amount of debt securities effective immediately.  ?\nProceeds from the debt issuances and any other offerings under the registration statement filed in 2012 may be used for general corporate requirements.\nThese may include reducing existing borrowings; financing capital additions; and funding contributions to our pension plans, future business acquisitions and working capital requirements."}
{"_id": "d8a216518", "title": "", "text": "| (in thousands) | Balance at October 31, 2004 | Additions-1 | Other adjustments-2 | Balance at October 31, 2005 | Additions-3 | Other adjustments-4 | Balance at October 31, 2006 |"}
{"_id": "d86ca15a4", "title": "", "text": "| 2006 2005 | Carrying Amount | (in millions) | Fixed maturities, held to maturity | Commercial loans | Policy loans | Investment contracts | Short-term and long-term debt | Bank customer liabilities |"}
{"_id": "d88e4a746", "title": "", "text": "Notes to the Financial Statements use of natural gas swap contracts.\nThese instruments mature over the next 37 months.\nTo the extent that these instruments are effective in hedging PPG’s exposure to price changes, changes in the fair values of the hedge contracts are deferred in accumulated other comprehensive (loss) income and reclassified to cost of sales as the natural gas is purchased.\nThe amount of ineffectiveness, which is reported in “Cost of sales, exclusive of depreciation and amortization” in the accompanying statement of income for the years ended Dec.  31, 2006, 2005, and 2004, was $0.2 million of income and $0.2 million and $1 million of expense, respectively.\nThe fair value of these contracts was a liability of $25 million and an asset of $0.3 million as of Dec.  31, 2006 and 2005, respectively.\nAs of Dec.  31, 2006 an after-tax loss of $2 million was deferred in accumulated other comprehensive (loss) income, which related to natural gas hedge contracts that mature in excess of twelve months.\nIn November 2002, PPG entered into a one-year renewable equity forward arrangement with a bank in order to partially mitigate the impact of changes in the fair value of PPG stock that is to be contributed to the asbestos settlement trust as discussed in Note 14.\nThis instrument, which has been renewed, is recorded at fair value as an asset or liability and changes in the fair value of this instrument are reflected in “Asbestos settlement – net” in the accompanying statement of income.\nAs of Dec.  31, 2006 and 2005, PPG had recorded a current asset of $14 million and $10 million, respectively, and recognized income of $4 million for the year ended Dec.  31, 2006, expense of $9 million for the year ended Dec.  31, 2005 and income of $4 million for the year ended Dec.  31, 2004.\nIn accordance with the terms of this instrument the bank had purchased 504,900 shares of PPG stock on the open market at a cost of $24 million through Dec.  31, 2002, and during the first quarter of 2003 the bank purchased an additional 400,000 shares at a cost of $19 million, for a total principal amount of $43 million.\nPPG will pay to the bank interest based on the principal amount and the bank will pay to PPG an amount equal to the dividends paid on these shares during the period this instrument is outstanding.\nThe difference between the principal amount, and any amounts related to unpaid interest or dividends, and the current market price for these shares will represent the fair value of the instrument as well as the amount that PPG would pay or receive if the bank chose to net settle the instrument.\nAlternatively, the bank may, at its option, require PPG to purchase the shares covered by the arrangement at the market price on the date of settlement.\nNo derivative instrument initially designated as a hedge instrument was undesignated or discontinued as a hedging instrument during 2006 or 2005.\nFor the year ended Dec.  31, 2006, other comprehensive (loss) income included a net loss due to derivatives of $13 million, net of tax.\nThis loss was comprised of realized losses of $22 million and unrealized losses of $35 million.\nThe realized losses related to the settlement of natural gas contracts and interest rate swaps owned by one of the Company’s investees accounted for under the equity method of accounting.\nThese losses were offset in part by realized gains related to the settlement of foreign currency contracts.\nThe unrealized losses related primarily to the change in fair value of the natural gas contracts.\nThese unrealized losses were partially offset by unrealized gains on foreign currency contracts and on interest rate swaps owned by one of the Company’s investees accounted for under the equity method of accounting.\nFor the year ended Dec.  31, 2005, other comprehensive (loss) income included a net gain due to derivatives of $3 million, net of tax.\nThis gain was comprised of realized gains of $1 million and unrealized gains of $4 million.\nThe realized gains related to the settlement during the period of natural gas contracts offset in part by the settlement of interest rate swaps owned by one of the Company’s investees accounted for under the equity method of accounting and the settlement of foreign currency contracts.\nThe unrealized gains relate to these same instruments.\nThe fair values of outstanding derivative instruments, excluding interest rate swaps, were determined using quoted market prices.\nThe fair value of interest rate swaps was determined using discounted cash flows and current interest rates.11."}
{"_id": "d8b1ea1c4", "title": "", "text": "| Benefit Payments Expected Subsidy Receipts Net Benefit Payments | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 – 2018 |"}
{"_id": "d8d8cc8b4", "title": "", "text": "| Payments Due by Fiscal Year | Total | (in millions) | Contractual obligations: | Long-term debt (including current portion)(1) | Operating lease obligations-2 | Capital lease obligations | Other long-term liabilities-3 | Total contractual obligations |"}
{"_id": "d81c09164", "title": "", "text": "| 2009 2008 | E&P Operating Statistics | Average Realizations(d) | Liquid Hydrocarbons (per bbl) | United States | Europe | Africa | Total International | Worldwide Continuing Operations | Discontinued Operations(b) | Worldwide | Natural Gas (per mcf) | United States | Europe | Africa | Total International | Worldwide Continuing Operations | Discontinued Operations(b) | Worldwide |"}
{"_id": "d828fb11a", "title": "", "text": "| In millions Unpaid Principal Balance Recorded Investment Associated Allowance Average Recorded Investment (a) | December 31, 2016 | Impaired loans with an associated allowance | Total commercial lending | Total consumer lending | Total impaired loans with an associated allowance | Impaired loans without an associated allowance | Total commercial lending | Total consumer lending | Total impaired loans without an associated allowance | Total impaired loans | December 31, 2015 | Impaired loans with an associated allowance | Total commercial lending | Total consumer lending | Total impaired loans with an associated allowance | Impaired loans without an associated allowance | Total commercial lending | Total consumer lending | Total impaired loans without an associated allowance | Total impaired loans |"}
{"_id": "d86a786ec", "title": "", "text": "| Net Capacity Purchases(a) Power-Related Purchases(b) Transmission Rights Purchases(c) Purchased Energy from CENG Total | 2013 | 2014 | 2015 | 2016 | 2017 | Thereafter | Total |"}
{"_id": "d87b2259c", "title": "", "text": "| Components of change during 2005 Change | 2004 | Total | Domestic | International |"}
{"_id": "d893820a6", "title": "", "text": "| Number of Shares/RSUs Weighted Average Grant-Date Fair Value | As of or for the Year Ended December 31, 2012 | Unvested, beginning of year(c) | Granted | Vested | Forfeited | Unvested, end of year |"}
{"_id": "d89bf2420", "title": "", "text": "North American Printing Papers net sales were $2.6 billion in 2013, $2.7 billion in 2012 and $2.8 billion in 2011.\nGoodwill Our goodwill results from our fiscal year 1999 acquisition of Roney & Co.  (now part of RJ&A), our fiscal year 2001 acquisition of Goepel McDermid, Inc.  (now RJ Ltd. ), our April 1, 2011 acquisition of Howe Barnes, our April 4, 2011 acquisition of a controlling interest in RJES (as discussed more fully below, this goodwill was determined to be impaired in fiscal year 2013), and our April 2, 2012 acquisition of Morgan Keegan (see Note 3 for additional information regarding this acquisition).\nThe following summarizes our goodwill by segment, along with the balance and activity for the years indicated:"}
{"_id": "d8e26449e", "title": "", "text": "| Years Ended December 31, | 2009 | (In millions) | Balance at beginning of the period | Additions for tax positions of prior years | Reductions for tax positions of prior years | Additions for tax positions of current year | Reductions for tax positions of current year | Settlements with tax authorities | Lapses of statutes of limitations | Balance at end of the period |"}
{"_id": "d8cb62a16", "title": "", "text": "| (Millions, except per-share amounts) First  Quarter Second  Quarter Third  Quarter Fourth  Quarter Year | Diluted Earnings per share — Income Before Cumulative Effect | 2005 | 2004 | Diluted Earnings per share — Net Income | 2005 | 2004 |"}
{"_id": "d8a751ec4", "title": "", "text": "| In millions Interest OnlyProduct Principal andInterest Product | 2015 | 2016 | 2017 | 2018 | 2019 and thereafter | Total (a)(b) |"}
{"_id": "d8c00bfa0", "title": "", "text": "| Year Ended December 31 2017 over 2016 2016 over 2015 | ($ in millions) | Segment operating income (loss) | FAS/CAS Adjustment | Non-current state income taxes | Operating income (loss) |"}
{"_id": "d8726498c", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements The firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications.\nHowever, management believes that it is unlikely the firm will have to make any material payments under these arrangements, and no material liabilities related to these guarantees and indemnifications have been recognized in the consolidated statements of financial condition as of both December 2017 and December 2016.\nOther Representations, Warranties and Indemnifications.\nThe firm provides representations and warranties to counterparties in connection with a variety of commercial transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties.\nThe firm may also provide indemnifications protecting against changes in or adverse application of certain U. S.  tax laws in connection with ordinary-course transactions such as securities issuances, borrowings or derivatives.\nIn addition, the firm may provide indemnifications to some counterparties to protect them in the event additional taxes are owed or payments are withheld, due either to a change in or an adverse application of certain non-U.\nS.  tax laws.\nThese indemnifications generally are standard contractual terms and are entered into in the ordinary course of business.\nGenerally, there are no stated or notional amounts included in these indemnifications, and the contingencies triggering the obligation to indemnify are not expected to occur.\nThe firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications.\nHowever, management believes that it is unlikely the firm will have to make any material payments under these arrangements, and no material liabilities related to these arrangements have been recognized in the consolidated statements of financial condition as of both December 2017 and December 2016.\nGuarantees of Subsidiaries.\nGroup Inc.  fully and unconditionally guarantees the securities issued by GS Finance Corp. , a wholly-owned finance subsidiary of the firm.\nGroup Inc.  has guaranteed the payment obligations of Goldman Sachs & Co.  LLC (GS&Co. )\nand GS Bank USA, subject to certain exceptions.\nIn addition, Group Inc.  guarantees many of the obligations of its other consolidated subsidiaries on a transaction-by-transaction basis, as negotiated with counterparties.\nGroup Inc.  is unable to develop an estimate of the maximum payout under its subsidiary guarantees; however, because these guaranteed obligations are also obligations of consolidated subsidiaries, Group Inc. s liabilities as guarantor are not separately disclosed.\nNote 19."}
{"_id": "d8e09d0d4", "title": "", "text": "Employee Stock Purchase Plan We have an Employee Stock Purchase Plan under which the sale of 2.4 million shares of our common stock has been authorized.\nEmployees may designate up to the lesser of $25,000 or 20% of their annual compensation for the purchase of stock.\nThe price for shares purchased under the plan is 85% of the market value on the last day of the quarterly purchase period.\nAs of May 31, 2010, 0.9 million shares had been issued under this plan, with 1.5 million shares reserved for future issuance."}
{"_id": "d872905f0", "title": "", "text": "| As of December 31 (dollars in millions) 2014 2013 2012 2011 2010 | Originated non-performing loans: | Commercial: | Commercial real estate | Commercial and industrial | Equipment financing | Total | Retail: | Residential mortgage | Home equity | Other consumer | Total | Total originated non-performing loans -1 | REO: | Residential | Commercial | Total REO | Repossessed assets | Total non-performing assets | Originated non-performing loans as a percentage oforiginated loans | Non-performing assets as a percentage of: | Originated loans, REO and repossessed assets | Tangible stockholders’ equity andoriginated allowance for loan losses |"}
{"_id": "d86c1f086", "title": "", "text": "The following table summarizes the consolidated statements of cash flows for the years ended December 31, 2017, 2016 and 2015:"}
{"_id": "d863aba12", "title": "", "text": "| AAA AA A BBB BB and Below Total | Amortized  Cost | 2003 & Prior | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | Total | Credit protection | For the years ended December 31, | 2011 | OTTI losses recognized in OCI | Changes in fair value and/or sales | Tax and deferred acquisition costs | Change in non-credit impairments recognized in OCI |"}
{"_id": "d88244cee", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | Balance at January 1, | Additions based on tax positions related to the current year | Additions based on tax positions of prior years | Reductions for tax positions of prior years | Reductions from expiration of statute of limitations | Settlements | Balance at December 31, |"}
{"_id": "d8968e010", "title": "", "text": "| 2010  Quarter ended | March 31 | Revenues | Gross profit | Net income (loss) | Basic earnings per share | Diluted earnings per share |"}
{"_id": "d8ac36c32", "title": "", "text": "| Calendar year: Pre-tax catastrophe losses | (Dollars in millions) | 2010 | 2009 | 2008 | 2007 | 2006 |"}
{"_id": "d8b13a634", "title": "", "text": "| NRG Owned Projects Location PPA MW(a) COD or Expected COD Status | Guam | Ivanpah(b) | CVSR(c) |"}
{"_id": "d8bf4eff4", "title": "", "text": "| Year Ended March 31, Potential Dilutive Shares from Exercise of Common Stock Options | 2001 | 2002 | 2003 |"}
{"_id": "d8cb6294e", "title": "", "text": "| Television Service InternationalSubscribers/Viewers(millions) | Quest | Nordic broadcast networks(a) | Giallo | Frisbee | Focus | K2 | DeeJay TV | Discovery HD World | Shed | Discovery History | Discovery World | Discovery en Espanol (U.S.) | Discovery Familia (U.S.) |"}
{"_id": "d86de574e", "title": "", "text": "| Year Ended December 31, | 2006 | Reconstructive | Knees | Hips | Extremities | Dental | Total | Trauma | Spine | OSP and other | Total |"}
{"_id": "d8609ee82", "title": "", "text": "| Target Allocation Range TargetPercentage ofPlan Assets byStrategyatDecember 31 | PNC Pension Plan | Asset Category | Domestic Equity | International Equity | Private Equity | Total Equity | Domestic Fixed Income | High Yield Fixed Income | Total Fixed Income | Real estate | Other | Total |"}
{"_id": "d8bf28408", "title": "", "text": "| Years ended December 31, 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007 | (In thousands, except per share, Team Members, stores and ratio data) | INCOME STATEMENT DATA: | Sales ($) | Cost of goods sold, including warehouse and distribution expenses | Gross profit | Selling, general and administrative expenses | Former CSK officer clawback | Legacy CSK Department of Justice investigation charge | Operating income | Write-off of asset-based revolving credit agreement debt issuance costs | Termination of interest rate swap agreements | Gain on settlement of note receivable | Other income (expense), net | Total other income (expense) | Income before income taxes | Provision for income taxes | Net income ($) | Basic earnings per common share: | Earnings per share – basic ($) | Weighted-average common shares outstanding – basic | Earnings per common share -assuming dilution: | Earnings per share – assuming dilution ($) | Weighted-average common shares outstanding – assuming dilution | SELECTED OPERATING DATA: | Number of Team Members at year end | Number of stores at year end (a) | Total store square footage at year end (b) | Sales per weighted-average store (c)($) | Sales per weighted-average square foot (b)(d)($) | Percentage increase in comparable store sales (e)(f) |"}
{"_id": "d86040102", "title": "", "text": "| (In thousands) WeightedAverageAmortizationPeriod AmortizationMethod Cost AccumulatedAmortization NetCarryingAmount | March 2018 | Amortizable intangible assets: | Customer relationships | License agreements | Trademarks | Other | Amortizable intangible assets, net | Indefinite-lived intangible assets: | Trademarks and trade names | Intangible assets, net | (In thousands) | December 2017 | Amortizable intangible assets: | Customer relationships | License agreements | Trademarks | Other | Amortizable intangible assets, net | Indefinite-lived intangible assets: | Trademarks and trade names | Intangible assets, net |"}
{"_id": "d8c38ecf4", "title": "", "text": "| December 31, | 2010 | Estimated Fair Value | (In millions) | Government and agency fixed maturity securities: | United States -1 | Japan | Mexico |"}
{"_id": "d8e11c118", "title": "", "text": "| Earnings to Fixed Charges (Times) | 2006 | Con Edison | CECONY |"}
{"_id": "d89f60abc", "title": "", "text": "Company Stock Performance The following graph shows a comparison of cumulative total shareholder return, calculated on a dividend-reinvested basis, for the Company, the S&P 500 Index, the S&P Information Technology Index and the Dow Jones U. S.  Technology Supersector Index for the five years ended September 29, 2018.\nThe graph assumes $100 was invested in each of the Company’s common stock, the S&P 500 Index, the S&P Information Technology Index and the Dow Jones U. S.  Technology Supersector Index as of the market close on September 27, 2013.\nNote that historic stock price performance is not necessarily indicative of future stock price performance."}
{"_id": "d8d8c1428", "title": "", "text": "Transfers of Financial Assets with Risk Retained through Derivatives The Corporation enters into certain transactions involving the transfer of financial assets that are accounted for as sales where substantially all of the economic exposure to the transferred financial assets is retained by the Corporation through a derivative agreement with the initial transferee.\nThese transactions are accounted for as sales because the Corporation does not retain control over the assets transferred.\nThrough December 31, 2015, the Corporation transferred $7.9 billion of primarily non-U.\nS.  government-guaranteed mortgagebacked securities (MBS) to a third-party trust.\nThe Corporation received gross cash proceeds of $7.9 billion at the transfer dates.\nAt December 31, 2015, the fair value of these securities was $7.2 billion.\nThe Corporation simultaneously entered into derivatives with those counterparties whereby the Corporation retained certain economic exposures to those securities (e. g. , interest rate and/or credit risk).\nA derivative asset of $24 million and a liability of $29 million were recorded at December 31, 2015 and are included in credit derivatives in the derivative instruments table on page 147.\nThe economic exposure retained by the Corporation is typically hedged with interest rate swaps and interest rate swaptions."}
{"_id": "d8e541aa4", "title": "", "text": "| Year Ended December 31, | (dollars in millions) | Salaries and employee benefits | Outside services | Occupancy | Equipment expense | Amortization of software | Goodwill impairment | Other operating expense | Noninterest expense |"}
{"_id": "d8982ec1c", "title": "", "text": "| 2013 2012 2011 | Weighted average coupon of long-term borrowings at period-end-1 | Effective average borrowing rate for long-term borrowings after swaps at period-end-1 |"}
{"_id": "d826da7a0", "title": "", "text": "| advertising investor relations | brand consultancy | corporate social responsibility consulting | crisis communications | custom publishing | data analytics | database management | direct marketing | entertainment marketing | environmental design | experiential marketing | field marketing | financial/corporate business-to-business advertising | graphic arts | healthcare communications | instore design | interactive marketing |"}
{"_id": "d8a2d0896", "title": "", "text": "LIQUIDITY AND CAPITAL RESOURCES We maintained a strong financial position throughout fiscal year 2019.\nAs of 30 September 2019, our consolidated balance sheet included cash and cash items of $2,248.7.\nWe continue to have consistent access to commercial paper markets, and cash flows from operating and financing activities are expected to meet liquidity needs for the foreseeable future.\nAs of 30 September 2019, we had $971.5 of foreign cash and cash items compared to a total amount of cash and cash items of $2,248.7.\nAs a result of the Tax Act, we do not expect that a significant portion of our foreign subsidiaries' and affiliates' earnings will be subject to U. S.  income tax upon subsequent repatriation to the United States.\nThe repatriation of these earnings may be subject to foreign withholding and other taxes depending on the country in which the subsidiaries and affiliates reside.\nHowever, because we have significant current investment plans outside the U. S. , it is our intent to permanently reinvest the majority of our foreign cash and cash items that would be subject to additional taxes outside the U. S.  Refer to Note 23, Income Taxes, for additional information."}
{"_id": "d86760e3c", "title": "", "text": "| December 31, | 2008 | (In millions) | Projected benefit obligation | Accumulated benefit obligation | Fair value of plan assets |"}
{"_id": "d8c4c9a7e", "title": "", "text": "| Year Ended December 31, | 2010 | (In thousands) | Total segment operating profit | Add (less): | Corporate & other(a) | Restructuring and other charges | Port de Bouc facility disposition charges | GAAP Operating profit | Total segment income | Add (less): | Corporate & other | Restructuring and other charges | Port de Bouc facility disposition charges | Interest and financing expenses | Other income (expense), net | Income tax (expense) benefit | GAAP Net income attributable to Albemarle Corporation | Year Ended December 31, | 2009 | (In thousands) | Total segment operating profit | Add (less): | Corporate & other(a) | Restructuring and other charges | Port de Bouc facility disposition charges | GAAP Operating profit | Total segment income | Add (less): | Corporate & other | Restructuring and other charges | Port de Bouc facility disposition charges | Interest and financing expenses | Other (expenses) income, net | Income tax benefit | GAAP Net income attributable to Albemarle Corporation |"}
{"_id": "d8e18a3ca", "title": "", "text": "(1) Represents the net impact of (a) gains resulting from reclassification of noncredit impairment losses for fixed maturities with bifurcated OTTI from net realized capital gains (losses) to OCI and (b) losses resulting from reclassification of previously recognized noncredit impairment losses from OCI to net realized capital gains (losses) for fixed maturities with bifurcated OTTI that had additional credit losses or fixed maturities that previously had bifurcated OTTI that have now been sold or are intended to be sold.\nWe estimate the amount of the credit loss component of a fixed maturity security impairment as the difference between amortized cost and the present value of the expected cash flows of the security.\nThe present value is determined using the best estimate cash flows discounted at the effective interest rate implicit to the security at the date of purchase or the current yield to accrete an asset-backed or floating rate security.\nThe methodology and assumptions for establishing the best estimate cash flows vary depending on the type of security.\nThe ABS cash flow estimates are based on security specific facts and circumstances that may include collateral characteristics, expectations of delinquency and default rates, loss severity and prepayment speeds and structural support, including subordination and guarantees.\nThe corporate security cash flow estimates are derived from scenario-based outcomes of expected corporate restructurings or liquidations using bond specific facts and circumstances including timing, security interests and loss severity.\nThe following table provides a rollforward of accumulated credit losses for fixed maturities with bifurcated credit losses.\nThe purpose of the table is to provide detail of (1) additions to the bifurcated credit loss amounts recognized in net realized capital gains (losses) during the period and (2) decrements for previously recognized bifurcated credit losses"}
{"_id": "d8a5699cc", "title": "", "text": "CMS Energy’s estimate of response activity costs and the timing of expenditures could change if there are changes in circumstances or assumptions used in calculating the liability.\nAlthough a liability for its present estimate of remaining response activity costs has been recorded, CMS Energy cannot predict the ultimate financial impact or outcome of this matter.\nCMS Energy and Consumers classify fair value measurements within the fair value hierarchy based on the lowest level of input that is significant to the fair value measurement in its entirety.\nAssets and Liabilities Measured at Fair Value on a Recurring Basis Presented in the following table are CMS Energy’s and Consumers’ assets and liabilities recorded at fair value on a recurring basis:"}
{"_id": "d85e93d72", "title": "", "text": "| Vesting Condition Date Vested Number of Shares Vested Compensation Cost Recognized Upon Vesting Shares Withheld for Taxes1 | Market-based (TEV = $5.9 billion) | Market-based (TEV = $6.2 billion) |"}
{"_id": "d86fac708", "title": "", "text": "| Year Ended December 31, | 2016 | Consolidated Statement of Income Data-1 | Revenues: | Transaction and clearing, net-2 | Data services | Listings | Other revenues | Total revenues | Transaction-based expenses-2 | Total revenues, less transaction-based expenses | Operating expenses: | Compensation and benefits | Professional services | Acquisition-related transaction and integration costs-3 | Technology and communication | Rent and occupancy | Selling, general and administrative | Depreciation and amortization | Total operating expenses | Operating income | Other expense, net-4 | Income from continuing operations before income tax expense | Income tax expense | Income from continuing operations | Income (loss) from discontinued operations, net of tax(5) | Net income | Net income attributable to non-controlling interest | Net income attributable to ICE-6 | Basic earnings (loss) per share attributable to ICE common shareholders(7): | Continuing operations-6 | Discontinued operations-5 | Basic earnings per share | Basic weighted average common shares outstanding-8 | Diluted earnings (loss) per share attributable to ICE common shareholders(7): | Continuing operations-6 | Discontinued operations-5 | Diluted earnings per share | Diluted weighted average common shares outstanding-8 | Dividend per share-7 |"}
{"_id": "d889bcbd4", "title": "", "text": "securities and the resulting net unrealized losses as of December 31, 2011 to be temporary and not the result of any material changes in the credit characteristics of the securities.\nAdditional information about our assessment of impairment is provided in note 3 to the consolidated financial statements included under Item 8.\nIn late 2010, several major U. S.  financial institutions participated in a mortgage foreclosure moratorium with respect to residential mortgages.\nWhile the moratorium has been lifted, the residential mortgage servicing environment remains challenging, and the timeline to liquidate distressed loans continues to extend.\nThe rate at which distressed residential mortgages are liquidated may affect, among other things, our investment securities portfolio.\nSuch effects could include the timing of cash flows or the credit quality associated with the mortgages collateralizing certain of our residential mortgage-backed securities, which, accordingly, could result in the recognition of additional other-than-temporary impairment in future periods.\nLoans and Leases The following table presents U. S.  and non-U.\nS.  loans and leases, by segment, and aggregate average loans and leases, as of and for the years ended December 31 (excluding the allowance for loan losses):"}
{"_id": "d880bf112", "title": "", "text": "| Year endedDecember 31Dollars in millions Charge-offs Recoveries Net Charge-offs Percent of Average Loans | 2011 | Commercial | Commercial real estate | Equipment lease financing | Home equity | Residential real estate | Credit card | Other consumer | Total | 2010 | Commercial | Commercial real estate | Equipment lease financing | Home equity | Residential real estate | Credit card | Other consumer | Total |"}
{"_id": "d8e98cbd6", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements 5.\nVARIABLE INTEREST ENTITIES (continued) Consolidated Variable Interest Entities for which the Company is not the Sponsor The Company is the primary beneficiary of certain VIEs in which the Company has invested, as part of its investment activities, but over which the Company does not exercise control and is not the sponsor.\nIncluded among these structured investments are structured investments issued by a VIE that manages yen-denominated investments coupled with cross-currency coupon swap agreements thereby creating synthetic dual currency investments.\nThe Companys position in the capital structure and/or relative size indicates that the Company is the primary beneficiary.\nThe Company has not provided material financial or other support that was not contractually required to these VIEs.\nThe table below reflects the carrying amount and balance sheet caption in which the assets and liabilities of consolidated VIEs for which the Company is not the sponsor are reported.\nThese liabilities primarily comprise obligations under debt instruments issued by the VIEs that are non-recourse to the Company.\nThe creditors of each consolidated VIE have recourse only to the assets of that VIE.\nAs reflected in the table below, total assets of consolidated VIEs for which the Company is not a sponsor decreased from December 31, 2008 to December 31, 2009, reflecting the deconsolidation of a VIE that manages investments in the European market.\nThe assets held by the VIE were distributed to the Company during March 2009."}
{"_id": "d8b0129dc", "title": "", "text": "| 2006 2005 2004 | Shares | Options outstanding, beginning of year | Options granted | Options exercised | Options expired/cancelled | Options outstanding, end of year | Shares exercisable, end of year | Restricted shares granted | Restricted shares vested | Restricted shares outstanding, end of year | Shares reserved for future option orrestricted stock grants, end of year |"}
{"_id": "d8bac1e0a", "title": "", "text": "| Years Ended December 31, | 2005 | Number of landfills owned or operated | Net investment, excluding non-depletable land (in millions) | Total estimated available disposal capacity (in millions of cubic yards) | Net investment per cubic yard | Landfill depletion and amortization expense (in millions) | Accretion expense (in millions) | 118.7 | Airspace consumed (in millions of cubic yards) | Depletion, amortization and accretion expense per cubic yard of airspace consumed |"}
{"_id": "d87419912", "title": "", "text": "| As of December 31 (dollars in millions) 2013 2012 2011 2010 2009 | Originated non-performing loans: | Commercial Banking: | Commercial real estate | Commercial and industrial | Equipment financing | Total | Retail: | Residential mortgage | Home equity | Other consumer | Total | Total originated non-performing loans -1 | REO: | Residential | Commercial | Total REO | Repossessed assets | Total non-performing assets | Originated non-performing loans as a percentage oforiginated loans | Non-performing assets as a percentage of: | Originated loans, REO and repossessed assets | Tangible stockholders’ equity andoriginated allowance for loan losses |"}
{"_id": "d8ad65a5e", "title": "", "text": "Employee Benefit Plans GII sponsors an employee retirement plan under which its employees may contribute up to 50% of their annual compensation subject to Internal Revenue Code maximum limitations and to which GII contributes a specified percentage of each participant’s annual compensation up to certain limits as defined in the Plan.\nAdditionally, GEL has a defined contribution plan under which its employees may contribute up to 5% of their annual compensation.\nBoth GII and GEL contribute an amount determined annually at the discretion of the Board of Directors.\nDuring the years ended December 25, 2004, December 27, 2003, and December 28, 2002, expense related to these plans of $5,183, $4,197, and $2,728, respectively, was charged to operations.\nCertain of the Company’s foreign subsidiaries participate in local defined benefit pension plans.\nContributions are calculated by formulas that consider final pensionable salaries.\nNeither obligations nor contributions for the years ended December 25, 2004, December 27, 2003, and December 28, 2002 were significant.\nThe Company uses credit derivatives to purchase credit protection and to assume credit risk with respect to a single entity, referenced index, or asset pool.\nThe Company purchases credit protection through credit default swaps to economically hedge and manage credit risk of certain fixed maturity investments across multiple sectors of the investment portfolio.\nThe Company also enters into credit default swaps that assume credit risk as part of replication transactions.\nReplication transactions are used as an economical means to synthetically replicate the characteristics and performance of assets that are permissible investments under the Company’s investment policies.\nThese swaps reference investment grade single corporate issuers and baskets, which include customized diversified portfolios of corporate issuers, which are established within sector concentration limits and may be divided into tranches which possess different credit ratings.\nAs of December 31, 2015 and 2014, the notional amount related to credit derivatives that purchase credit protection was $0.4 billion and $0.6 billion, respectively, while the fair value was $18 and $(6), respectively.\nAs of December 31, 2015 and 2014, the notional amount related to credit derivatives that assume credit risk was $2.5 billion and $1.5 billion, respectively, while the fair value was $(13) and $3, respectively.\nFor further information on credit derivatives, see Note 6 Investments and Derivative Instruments of Notes to Consolidated Financial Statements.\nInvestment Portfolio Risks and Risk Management Investment Portfolio Composition The following table presents the Company’s fixed maturities, AFS, by credit quality.\nThe following average credit ratings referenced throughout this section are based on availability, and are the midpoint of the applicable ratings among Moody’s, S&P, Fitch and Morningstar.\nIf no rating is available from a rating agency, then an internally developed rating is used."}
{"_id": "d889d033c", "title": "", "text": "| December 31,2008 December 31,2009 December 31,2010 December 31,2011 December 31,2012 | DISCA | DISCB | DISCK | S&P 500 | Peer Group |"}
{"_id": "d8ebf37f8", "title": "", "text": "Contributions and Projected Benefit Payments Pension contributions to funded plans and benefit payments for unfunded plans for fiscal year 2019 were $40.2.\nContributions for funded plans resulted primarily from contractual and regulatory requirements.\nBenefit payments to unfunded plans were due primarily to the timing of retirements.\nWe anticipate contributing $30 to $40 to the defined benefit pension plans in fiscal year 2020.\nThese contributions are anticipated to be driven primarily by contractual and regulatory requirements for funded plans and benefit payments for unfunded plans, which are dependent upon timing of retirements.\nProjected benefit payments, which reflect expected future service, are as follows:"}
{"_id": "d8a2ea1d8", "title": "", "text": "| December 31, | Buy (Sell) | Chinese Renminbi | Brazilian Real | Taiwan Dollar | Japanese Yen | British Pound |"}
{"_id": "d8ece1da4", "title": "", "text": "Performance Units and Performance Stock.\nEOG has granted performance units and/or performance stock (Performance Awards) to its executive officers annually since 2012.\nAs more fully discussed in the grant agreements, the performance metric applicable to these performance-based grants is EOG's total shareholder return over a three-year performance period relative to the total shareholder return of a designated group of peer companies (Performance Period).\nUpon the application of the performance multiple at the completion of the Performance Period, a minimum of 0% and a maximum of 200% of the Performance Awards granted could be outstanding.\nSubject to the termination provisions set forth in the grant agreements and the applicable performance multiple, the grants of Performance Awards will generally \"cliff\" vest five years from the date of grant.\nThe fair value of the Performance Awards is estimated using a Monte Carlo simulation.\nStock-based compensation expense related to the Performance Awards totaled $11 million, $5 million and $9 million for the years ended December 31, 2016, 2015 and 2014, respectively.\nAt December 31, 2015, 405,000 Performance Awards were outstanding.\nUpon completion of the Performance Period for the Performance Awards granted in 2012, a performance multiple of 200% was applied to the 2012 grants resulting in an additional grant of 142,556 Performance Awards in February 2016.\nDuring the twelve-month period ended December 31, 2016, a total of 131,750 Performance Awards were granted.\nA total of 134,016 Performance Awards were released during the twelve months ended December 31, 2016, with a total intrinsic value of $9.7 million, based upon the closing price of EOG's common stock on the release date.\nUpon the application of the performance multiple at the completion of the remaining Performance Periods, a minimum of 151,096 and a maximum of 939,484 Performance Awards could be outstanding.\nThere were 545,290 Performance Awards outstanding as of December 31, 2016.\nThe total intrinsic value of Performance Awards outstanding at December 31, 2016 was $55.1 million.\nUpon completion of the performance period for the Performance Awards granted in 2013, a performance multiple of 200% was applied to the 2013 grants resulting in an additional grant of 118,834 Performance Awards in February 2017."}
{"_id": "d8673d572", "title": "", "text": "| 2010 2009 2008 | Risk-free rate of return | Expected term (in years) | Expected volatility | Expected dividend yield | Weighted-average fair value per option granted |"}
{"_id": "d8ba5ac14", "title": "", "text": "1.\nNet revenues related to the firms consolidated investments, previously reported in other net revenues within Investing & Lending, are now reported in equity securities and debt securities and loans, as results from these activities ($391 million for 2015) are no longer significant principally due to the sale of Metro in the fourth quarter of 2014.\nReclassifications have been made to previously reported amounts to conform to the current presentation.2.\nIncludes net provisions for litigation and regulatory proceedings of $4.01 billion (of which $3.37 billion was related to the agreement in principle with the RMBS Working Group) for 2015, $754 million for 2014 and $962 million for 2013.\nSee Note 27 for further information about this agreement in principle.3.\nIncludes charitable contributions that have not been allocated to the firms segments of $148 million for 2015, $137 million for 2014 and $155 million for 2013.4.\nIncludes $37 million of realized gains on available-for-sale securities."}
{"_id": "d8115194c", "title": "", "text": "| March 31, 2015 (in $000’s) | Beginning balance | Additions | Foreign currency translation impact | Ending balance |"}
{"_id": "d88975806", "title": "", "text": "| 2008 2007 | (in millions of U.S. dollars) | Case reserves | IBNR | Total |"}
{"_id": "d8e11c154", "title": "", "text": "| Common Equity Ratio (Percent of total capitalization) | 2006 | Con Edison | CECONY |"}
{"_id": "d8dcf1098", "title": "", "text": "| 2007 2006 2005 % Change 2007 v 2006 % Change 2006 v 2005 | Avg. train speed (miles per hour) | Avg. terminal dwell time (hours) | Gross ton-miles (billions) | Revenue ton-miles (billions) | Operating ratio | Avg. full-time-equivalent employees | Customer satisfaction index | Payments Due by December 31, | Contractual ObligationsMillions of Dollars | Debt [a] | Operating leases | Capital lease obligations [b] | Purchase obligations [c] | Other post retirement benefits [d] | Income tax contingencies [e] | Total contractual obligations |"}
{"_id": "d8d09a312", "title": "", "text": "Incurred Losses and LAE.\nThe following table presents the incurred losses and LAE for the U. S.  Reinsurance segment for the periods indicated.\n(Some amounts may not reconcile due to rounding. )\nThe current years attritional loss ratio improved by 7.9 points due to results from increased property quota share business.\nWe experienced $181.7 million of catastrophe loss development in 2006 which did not recur in 2007, which contributed another 14.6 points.\nIn addition, we had a greater amount of favorable reserve development related to prior years, which provided 7.0 points of improvement.\nThese favorable factors were partially mitigated by an 18.6 point increase driven by asbestos reserve strengthening.\nIncurred losses and LAE decreased 42.5% to $851.2 million for 2006 compared to $1,479.6 million for 2005, primarily due to significantly reduced catastrophe losses, principally within the treaty property unit and decreased earned premiums.\nThe segment loss ratio improved by 39.6 points for 2006 compared to 2005.\nThe factors driving this change were a favorable 35.8 point decrease in catastrophe losses and a 5.1 point decrease in the attritional loss ratio.\nSegment Expenses.\nCommission and brokerage expenses increased by 9.8% to $327.2 million for 2007 from $298.1 million in 2006, principally due to an $18.9 million increase in contingent commissions and somewhat higher base ceding commissions, generally.\nSegment other underwriting expenses for 2007 increased to $33.3 million from $24.9 million for 2006, principally due to the allocation of certain corporate charges to segments, which had been previously retained in corporate expenses.\nCommission and brokerage decreased by 16.8% to $298.1 million in 2006 from $358.1 million in 2005, principally due to decreased earned premium volume and the mix of business.\nSegment other underwriting expenses for 2006 increased nominally to $24.9 million from $24.0 million for 2005."}
{"_id": "d8267f13e", "title": "", "text": "Commercial Operations Overview NRG seeks to maximize profitability and manage cash flow volatility through the marketing, trading and sale of energy, capacity and ancillary services into spot, intermediate and long-term markets and through the active management and trading of emissions allowances, fuel supplies and transportation-related services.\nThe Company's principal objectives are the realization of the full market value of its asset base, including the capture of its extrinsic value, the management and mitigation of commodity market risk and the reduction of cash flow volatility over time.\nNRG enters into power sales and hedging arrangements via a wide range of products and contracts, including PPAs, fuel supply contracts, capacity auctions, natural gas derivative instruments and other financial instruments.\nIn addition, because changes in power prices in the markets where NRG operates are generally correlated to changes in natural gas prices, NRG uses hedging strategies that may include power and natural gas forward sales contracts to manage the commodity price risk primarily associated with the Company's coal and nuclear generation assets.\nThe objective of these hedging strategies is to stabilize the cash flow generated by NRG's portfolio of assets.\nNRG also trades electric power, natural gas and related commodity and financial products, including forwards, futures, options and swaps, through its ownership of BETM, which is also an energy management service provider for primarily thirdparty generating assets.\nCertain other NRG entities trade to a lesser extent, utilizing similar products as well as oil and weather products.\nThe Company seeks to generate profits from volatility in the price of electricity, capacity, fuels and transmission congestion by buying and selling contracts in wholesale markets under guidelines approved by the Company's risk management committee."}
{"_id": "d8912bc3a", "title": "", "text": "| Pension Other Benefits | 2014 | Discount rate | Rate of compensation increase | Initial healthcare trend rate | Ultimate healthcare trend rate |"}
{"_id": "d8c18d6c6", "title": "", "text": "| Amortized Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value | 2005 | Cash and Cash Equivalents | Debt Securities — Available for Sale | Total Cash and Investments | 2004 | Cash and Cash Equivalents | Debt Securities — Available for Sale | Total Cash and Investments |"}
{"_id": "d8641cca8", "title": "", "text": "| Years ended December 31, Federal State | 2007 to 2011 | 2012 to 2016 | 2017 to 2021 | 2022 to 2026 | Total |"}
{"_id": "d88e7c818", "title": "", "text": "| Year Ended December 31, | 2010 | Statement of Operations Data: | Revenue | Expenses: | Cost of operations | Depreciation, amortization and depletion | Accretion | Selling, general and administrative | Loss (gain) on disposition of assets and impairments, net | Restructuring charges | Operating income | Interest expense | Loss on extinguishment of debt | Interest income | Other income (expense), net | Income before income taxes | Provision for income taxes | Net income | Less: Income attributable to noncontrolling interests | Net income attributable to Republic Services, Inc. | Basic earnings per share attributable to Republic Services, Inc. stockholders: | Basic earnings per share | Weighted average common shares outstanding | Diluted earnings per share attributable to Republic | Services, Inc. stockholders: | Diluted earnings per share | Weighted average common and common equivalent shares outstanding | Cash dividends per common share | 2010 | Depreciation and amortization of property and equipment | Landfill depletion and amortization | Depreciation, amortization and depletion expense |"}
{"_id": "d85eaac48", "title": "", "text": "On July 25, 2008, we filed a lawsuit against Teva and Barr for infringement of four Sensipar?\npatents.\nThe lawsuit is based on the Abbreviated New Drug Application (ANDA) filed by Teva and Barr which seeks approval to market generic versions of Sensipar?.\n(See Note 10, Contingencies to the Consolidated Financial Statements. )\nThese generic versions could compete with Sensipar?\nin the future.\nVectibix?\n(panitumumab) Vectibix?\nis our trademark for our first entirely human monoclonal antibody for the treatment of patients with EGFr expressing mCRC after disease progression on, or following fluoropyrimidine-, oxaliplatin- and irinotecan- containing chemotherapy regimens.\nEGFr is a protein that plays an important role in cancer cell signaling and is over-expressed in many human cancers.\nVectibix?\nis an entirely human monoclonal antibody that binds with high affinity to EGFrs and interferes with signals that might otherwise stimulate growth and survival of the cancer cell.\nThe goal of developing entirely human monoclonal antibodies is to offer effective targeted therapies with lessened risk of immune response against these agents.\nVectibix?\nreceived FDA approval in September 2006.\nOn December 5, 2007, the European Commission granted a conditional marketing authorization for Vectibix?, which was renewed in December 2008, as a monotherapy for the treatment of patients with EGFr expressing mCRC with non-mutated (wild-type) KRAS genes after failure of standard chemotherapy regimens.\nWe acquired full ownership of Vectibix?\nas part of our acquisition of Abgenix, Inc.  (Abgenix) in April 2006.\nNplate?\n(romiplostim) On August 22, 2008, the FDA approved Nplate?, the first platelet producer for the treatment of thrombocytopenia in splenectomized (spleen removed) and non-splenectomized adults with chronic ITP.\nNplate?, the first FDA approved peptibody protein, works by raising and sustaining platelet counts.\nOn February 6, 2009, we announced that the European Commission granted marketing authorization for Nplate?\nfor the treatment of splenectomized adult chronic ITP patients who are refractory to other treatments (e. g.  corticosteroids, immunoglobulins).\nIn the EU, Nplate?\nmay also be considered as second line treatment for adult non-splenectomized ITP patients where surgery is contra-indicated.\nProduct candidates We are currently studying new product candidates, including denosumab, and currently marketed products for new indications, which, if approved, we expect will enter into highly competitive markets.\nIf successful, these product candidates will face substantial competition from products currently marketed as well as those under development by other biotechnology and pharmaceutical companies.\nFor example, the bone loss setting, in which denosumab would compete, is currently comprised of three therapeutic classes: bisphosphonates, selective estrogen receptor modulators and anabolic agents.\nCompetitive intensity will increase in the bone loss setting with the expected approval of new agents.\nIf denosumab is approved, we would need to significantly expand our sales and marketing capabilities to support its successful launch.\nThe following table reflects other companies and their currently marketed products that will compete with denosumab, if approved:"}
{"_id": "d893f204a", "title": "", "text": "| (a) (b) (c) (d) | Period | 10/01/04 – 10/31/04 | 11/01/04 – 11/30/04 | 12/01/04 – 12/31/04 | Total: | Stockholder's Equity | (Dollars in millions) | Common stock: | Balance at beginning of year | Issuance(a) | Balance at end of year | Treasury common stock, at cost: | Balance at beginning of year | Repurchased | Reissued for: | Employee stock plans | Non-employee directors deferred compensation plan | Balance at end of year | Comprehensive Income | 2004 | Additional paid-in capital: | Balance at beginning of year | Common stock issuance(a) | Treasury common stock reissued | Balance at end of year | Unearned compensation: | Balance at beginning of year | Change during year | Balance at end of year | Retained earnings: | Balance at beginning of year | Net income | Dividends paid: (per share: $1.03 in 2004, $.96 in 2003 and $.92 in 2002) | Balance at end of year | Accumulated other comprehensive income (loss)(b): | Minimum pension liability adjustments: | Balance at beginning of year | Changes during year | Balance at end of year | Foreign currency translation adjustments: | Balance at beginning of year | Changes during year | Balance at end of year | Deferred gains (losses) on derivative instruments: | Balance at beginning of year | Reclassification of the cumulative effect adjustment into income | Changes in fair value | Reclassification to income | Balance at end of year | Total balances at end of year | Total comprehensive income | Total stockholders' equity | (b)Related income tax provision (credit) on changes and reclassifications during the year: | Minimum pension liability adjustments | Foreign currency translation adjustments | Net deferred gains (losses) on derivative instruments |"}
{"_id": "d8c8b5c96", "title": "", "text": "In 2007, compensation cost was reduced by $1.1 million related to stock option forfeitures from the global supply chain transformation program.\nThe 2006 compensation amount included $1.2 million for the impact of the modification of stock option grants resulting in accelerated vesting of stock options.\nIn 2005, this amount was $3.9 million.\nThe modification related to employees exiting our Company in 2006 and 2005 under the terms of the voluntary workforce reduction program.\nA summary of the status of our Company’s stock options and changes during the years ending on those dates follows:"}
{"_id": "d86979160", "title": "", "text": "| For the Years Ended December 31, 2013 2012 2011 | Impairment/loss on disposal of assets | Consulting and professional fees | Employee severance and retention, including share-based compensation acceleration | Dedicated project personnel | Certain R&D agreements | Relocated facilities | Distributor acquisitions | Certain litigation matters | Contract terminations | Contingent consideration adjustments | Accelerated software amortization | Other | Special items |"}
{"_id": "d8ea04578", "title": "", "text": "Segment and Brand Statistics The following brand statistics present RevPAR, occupancy, and ADR for comparable properties 2017, 2017 compared to 2016, 2016, and 2016 compared to 2015, including Legacy-Starwood comparable properties for the full years even though Marriott did not own the Legacy-Starwood brands before the Starwood Combination.\nSystemwide statistics include data from our franchised properties, in addition to our company-operated properties.2017 Compared to 2016"}
{"_id": "d8ac40f5c", "title": "", "text": "| 2009 $19,766 | 2010 | 2011 | 2012 | 2013 | 2014 – 2018 | 2008 | Earnings (Loss) per Share: | Basic—as originally reported | Basic—impact of EITF 03-6-1 | Basic—as will be reported in 2009 | Diluted—as originally reported | Diluted—impact of EITF 03-6-1 | Diluted—as will be reported in 2009 |"}
{"_id": "d8693f41a", "title": "", "text": "Premiums.\nGross written premiums increased by 22.0% to $2,593.0 million in 2017 from $2,125.8 million in 2016, primarily due to an increase in the new crop reinsurance business, an increase in treaty property business and the influx of reinstatement premiums due to the catastrophe losses and an increase in mortgage business.\nNet written premiums increased by 13.9% to $2,245.4 million in 2017 compared to $1,970.6 million in 2016.\nThe difference between the change in gross written premiums compared to the change in net written premiums is primarily due to varying utilization of reinsurance.\nPremiums earned increased by 5.3% to $2,181.2 million in 2017, compared to $2,072.2 million in 2016.\nThe change in premiums earned relative to net written premiums is primarily the result of changes in the mix of business and timing; premiums are earned ratably over the coverage period whereas written premiums are recorded at the initiation of the coverage period.\nGross written premiums decreased by 1.0% to $2,125.8 million in 2016 from $2,147.9 million in 2015, primarily due to a decrease in treaty property business, partially offset by an increase in treaty casualty business.\nNet written premiums increased by 6.2% to $1,970.6 million in 2016 compared to $1,855.9 million in 2015.\nThe difference between the change in gross written premiums compared to the change in net written premiums is primarily due to the assumption of the crop business due to the sale of Heartland and a concurrent new crop reinsurance contract.\nPremiums earned increased 6.1% to $2,072.2 million in 2016, compared to $1,952.7 million in 2015.\nThe change in premiums earned relative to net written premiums is primarily the result of timing; premiums are earned ratably over the coverage period whereas written premiums are recorded at the initiation of the coverage period."}
{"_id": "d89be0f0e", "title": "", "text": "| Cash and cash equivalents $170.9 | Receivables | Assets held for sale, net | Inventories | Prepaid and other current assets | Property, plant and equipment | Goodwill | Intangibles | Investment in unconsolidated affiliate | Other assets | Accounts payable and accrued liabilities | Accrued income taxes | Long-term debt | Deferred income taxes | Minority interest | Other liabilities | Total preliminary purchase price |"}
{"_id": "d86d031aa", "title": "", "text": "Income Taxes Income tax expense decreased to $25 million in 2002 from $91 million in 2001, primarily from the decrease in income.\nHowever, the effective income tax rate increased to 59 percent in 2002 from 41 percent in 2001.\nDuring 2002, more of the Companys income was from international operations.\nSome of the countries in which the international operations were conducted have a higher statutory income tax rate than the United States.\nTo a lesser extent, also impacting the effective rate in 2002 was the lower income level."}
{"_id": "d86d31154", "title": "", "text": "| ($ millions) 2017 N/A Change vs. 2016 2% 2016 N/A Change vs. 2015 -2% | Net sales | Net earnings | % of net sales |"}
{"_id": "d8def80e4", "title": "", "text": "| (Dollars in millions) Fiscal2011 % ofRelatedRevenue Fiscal2010 % ofRelatedRevenue Fiscal2009 % ofRelatedRevenue | Cost of product revenue | Cost of service and other revenue | Amortization of acquired technology | Total cost of revenue |"}
{"_id": "d89261578", "title": "", "text": "| North America Africa | (Dollars per boe) | 2014 | 2013 | 2012 |"}
{"_id": "d8691c280", "title": "", "text": "| 2007 2006 2005 | Net sales to customers | U.S. | Canada | China | Total revenue | Long-lived assets | U.S. | Canada | China | Total long-lived assets |"}
{"_id": "d8bc63ede", "title": "", "text": "| Consolidated Balance Sheet Data At July 31, | (In millions) | Cash, cash equivalents and investments | Long-term investments | Working capital | Total assets | Current portion of long-term debt | Long-term debt | Other long-term obligations | Total stockholders’ equity |"}
{"_id": "d8ad8a232", "title": "", "text": "h.  Translation of Foreign Currencies The functional currency for the Companys foreign sales and research and development operations is the applicable local currency.\nGains and losses resulting from translation of these foreign currencies into U. S.  dollars are recorded in accumulated other comprehensive (loss) income.\nTransaction gains and losses and remeasurement of foreign currency denominated assets and liabilities are included in income currently, including those at the Companys principal foreign manufacturing operations where the functional currency is the U. S.  dollar.\nForeign currency transaction gains or losses included in other expenses, net, were not material in fiscal 2009, 2008 or 2007.  i."}
{"_id": "d8c5fadd0", "title": "", "text": "ANALOG DEVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) As of October 31, 2009, the total notional amount of these undesignated hedges was $38 million.\nThe fair value of these hedging instruments in the Companys condensed consolidated balance sheet as of October 31, 2009 was immaterial.\nInterest Rate Exposure Management  On June 30, 2009, the Company entered into interest rate swap transactions related to its outstanding notes where the Company swapped the notional amount of its $375 million of fixed rate debt at 5.0% into floating interest rate debt through July 1, 2014.\nUnder the terms of the swaps, the Company will (i) receive on the $375 million notional amount a 5.0% annual interest payment that is paid in two installments on the 1st of every January and July, commencing January 1, 2010 through and ending on the maturity date; and (ii) pay on the $375 million notional amount an annual three-month LIBOR plus 2.05% (2.34% as of October 31, 2009) interest payment, payable in four installments on the 1st of every January, April, July and October, commencing on October 1, 2009 and ending on the maturity date.\nThe LIBOR based rate is set quarterly three months prior to the date of the interest payment.\nThe Company designated these swaps as fair value hedges.\nThe fair value of the swaps at inception were zero and subsequent changes in the fair value of the interest rate swaps were reflected in the carrying value of the interest rate swaps on the balance sheet.\nThe carrying value of the debt on the balance sheet was adjusted by an equal and offsetting amount.\nThe gain or loss on the hedged item (that is fixedrate borrowings) attributable to the hedged benchmark interest rate risk and the offsetting gain or loss on the related interest rate swaps as of October 31, 2009 is as follows:"}
{"_id": "d8a28fca6", "title": "", "text": "We expect that approximately $1.2 billion, or about $800 million net of tax, of actuarial losses and net prior service credit related to postretirement benefit plans included in accumulated other comprehensive loss at the end of 2016 to be recognized in net periodic benefit cost during 2017.\nOf this amount, $1.1 billion, or $743 million net of tax, relates to our qualified defined benefit plans and is included in our expected 2017 pension expense of $1.4 billion.\nActuarial Assumptions The actuarial assumptions used to determine the benefit obligations at December 31 of each year and to determine the net periodic benefit cost for each subsequent year, were as follows:"}
{"_id": "d8bac1e6e", "title": "", "text": "Financial Condition At December 31, 2005 we had $131.8 million of cash and cash equivalents.\nWe also had $255.3 million of restricted cash deposits, including $144.9 million of restricted cash held for capital expenditures under certain debt facilities and $25.3 million pledged to various regulatory agencies and governmental entities as financial guarantees of our performance related to final capping, closure and post-closure obligations at our landfills.\nIn June 2005, we entered into a new $750.0 million unsecured revolving credit facility with a group of banks which expires in 2010.\nThis facility replaced our prior facilities which aggregated $750.0 million.\nBorrowings under the credit facility bear interest at LIBOR-based rates.\nWe use our operating cash flow and proceeds from our credit facilities to finance our working capital, capital expenditures, acquisitions, share repurchases, dividends and other requirements.\nAt December 31, 2005, letters of credit outstanding totaling $391.2 million were secured by our revolving credit facility.\nAs a result, as of December 31, 2005 we had $358.8 million available under our credit facility.\nIn May 1999, we sold $600.0 million of unsecured notes in the public market.\n$225.0 million of these notes bore interest at 6.625% per annum and matured in May 2004.\nThe remaining $375.0 million bear interest at 7.125% per annum and mature in 2009.\nInterest on these notes is payable semi-annually in May and November.\nThe $225.0 million and $375.0 million in notes were offered at a discount of $1.0 million and $.5 million, respectively.\nIn March 2005, we exchanged $275.7 million of our outstanding 7.125% notes due 2009 for new notes due 2035.\nThe new notes bear interest at 6.086%.\nWe paid a premium of $27.6 million related to the exchange.\nThis premium will be amortized over the life of the new notes using the effective yield method.\nREPUBLIC SERVICES, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (All tables in millions, except per share data) — (Continued) The following table summarizes the stock option activity for the years ended 2003, 2004 and 2005:"}
{"_id": "d87a4d28e", "title": "", "text": "Item 3.\nLEGAL PROCEEDINGS During September and October 2010, PCA and eight other U. S.  and Canadian containerboard producers were named as defendants in five purported class action lawsuits filed in the United States District Court for the Northern District of Illinois, alleging violations of the Sherman Act.\nThe lawsuits have been consolidated in a single complaint under the caption Kleen Products LLC v Packaging Corp.  of America et al.\nThe consolidated complaint alleges that the defendants conspired to limit the supply of containerboard, and that the purpose and effect of the alleged conspiracy was to artificially increase prices of containerboard products during the period from August 2005 to the time of filing of the complaint.\nThe complaint was filed as a purported class action suit on behalf of all purchasers of containerboard products during such period.\nThe complaint seeks treble damages and costs, including attorneys fees.\nThe defendants motions to dismiss the complaint were denied by the court in April 2011.\nPCA believes the allegations are without merit and will defend this lawsuit vigorously.\nHowever, as the lawsuit is in the document production phase of discovery, PCA is unable to predict the ultimate outcome or estimate a range of reasonably possible losses.\nPCA is a party to various other legal actions arising in the ordinary course of our business.\nThese legal actions cover a broad variety of claims spanning our entire business.\nAs of the date of this filing, we believe it is not reasonably possible that the resolution of these legal actions will, individually or in the aggregate, have a material adverse effect on our financial condition, results of operations or cash flows."}
{"_id": "d8df51554", "title": "", "text": "| (in millions, except per share and ratio data) 2008(c) 2007 Change | Selected income statement data | Total net revenue | Provision for credit losses(a) | Total noninterest expense | Income before extraordinary gain | Extraordinary gain(b) | Net income | Diluted earnings per share | Income before extraordinary gain | Net income | Return on common equity | Income before extraordinary gain | Net income |"}
{"_id": "d8af8a74e", "title": "", "text": "The valuation allowance as of 30 September 2016 of $155.2 primarily related to the tax benefit on the federal capital loss carryforward of $48.0, tax benefit of foreign loss carryforwards of $37.7, and capital assets of $58.0 that were generated from the loss recorded on the exit from the Energy-from-Waste business in 2016.\nIf events warrant the reversal of the valuation allowance, it would result in a reduction of tax expense.\nWe believe it is more likely than not that future earnings and reversal of deferred tax liabilities will be sufficient to utilize our deferred tax assets, net of existing valuation allowance, at 30 September 2016.\nThe deferred tax liability associated with unremitted earnings of foreign entities decreased in part due to the dividend to repatriate cash from a foreign subsidiary in South Korea.\nThis amount was also impacted by ongoing activity including earnings, dividend payments, tax credit adjustments, and currency translation impacting the undistributed earnings of our foreign subsidiaries and corporate joint ventures which are not considered to be indefinitely reinvested outside of the U. S.  We record U. S.  income taxes on the undistributed earnings of our foreign subsidiaries and corporate joint ventures unless those earnings are indefinitely reinvested outside of the U. S.  These cumulative undistributed earnings that are considered to be indefinitely reinvested in foreign subsidiaries and corporate joint ventures are included in retained earnings on the consolidated balance sheets and amounted to $6,300.9 as of 30 September 2016.\nAn estimated $1,467.8 in U. S.  income and foreign withholding taxes would be due if these earnings were remitted as dividends after payment of all deferred taxes."}
{"_id": "d8f86de66", "title": "", "text": "| Percentage of | Rating | Aaa/Aa/A | Baa | Ba | B and lower | Total |"}
{"_id": "d8e64bbca", "title": "", "text": "| Actual To be well-capitalized | (Amounts in thousands) | As of December 31, 2014 | Total capital (to risk-weighted assets) | The Company | Zions First National Bank | California Bank & Trust | Amegy Bank | Tier 1 capital (to risk-weighted assets) | The Company | Zions First National Bank | California Bank & Trust | Amegy Bank | Tier 1 capital (to average assets) | The Company | Zions First National Bank | California Bank & Trust | Amegy Bank |"}
{"_id": "d81ca2c74", "title": "", "text": "| Change in Assumption EstimatedIncrease to 2008PensionExpense(In millions) | .5% decrease in discount rate | .5% decrease in expected long-term return on assets | .5% increase in compensation rate |"}
{"_id": "d8bdc4e5e", "title": "", "text": "| (Stated in millions) | 2015 | Income | before | Revenue | North America | Latin America | Europe/CIS/Africa | Middle East & Asia | Eliminations & other | Pretax operating income | Corporate & other-1 | Interest income-2 | Interest expense-3 | Charges & credits-4 | $35,475 |"}
{"_id": "d89b8a280", "title": "", "text": "Net Deferred Tax Assets At July 31, 2014, we had net deferred tax assets of $72 million which included a valuation allowance of $24 million for loss and tax credit carryforwards related state tax credits, state capital and operating losses, and foreign losses.\nWe recorded the valuation allowance to reflect uncertainties about whether we will be able to utilize some of our deferred tax assets before they expire.\nWhile we believe our current valuation allowance is sufficient, we could in the future be required to increase the valuation allowance to take into account additional deferred tax assets that we may be unable to realize.\nWe assess the need for an adjustment to the valuation allowance on a quarterly basis.\nThe assessment is based on our estimates of future sources of taxable income for the jurisdictions in which we operate and the periods over which our deferred tax assets will be realizable.\nSee Note 10 to the financial statements in Item 8 of this Annual Report for more information.\nWe provide U. S.  federal income taxes on the earnings of foreign subsidiaries unless the subsidiaries' earnings are intended to be indefinitely reinvested in our international operations.\nTo the extent that foreign earnings previously treated as indefinitely reinvested are repatriated, the related U. S.  tax liability may, subject to certain limitations, be reduced by any foreign income taxes paid on these earnings.\nAt July 31, 2014, the cumulative amount of earnings upon which U. S.  income taxes had not been provided was approximately $48 million.\nThe unrecognized deferred tax liability for these earnings was approximately $7 million."}
{"_id": "d87d2d9fe", "title": "", "text": "| December 31, 2008 December 31, 2007 | NAIC rating | ($ in millions) | 1 | 2 | 3 | 4 | 5 | 6 | Total fixed maturity securities |"}
{"_id": "d8d303284", "title": "", "text": "* Reflects a $124 million pre-tax charge in 2004, in accordance with Con Edison of New Yorks electric, gas and steam rate plans.\nCon Edison of New York"}
{"_id": "d8e2434d8", "title": "", "text": "(1) Our risk of loss is limited to our initial investment measured at amortized cost for fixed maturities, available-for-sale and to fair value for our fixed maturities, trading.\nSponsored Investment Funds We are the investment manager for certain money market mutual funds that are deemed to be VIEs.\nWe are not the primary beneficiary of these VIEs since our involvement is limited primarily to being a service provider, and our variable interest does not absorb the majority of the variability of the entities net assets.\nAs of December 31, 2010, these VIEs held $1.7 billion in total assets.\nDuring 2010, we chose to contribute $3.2 million to these VIEs for competitive reasons and have no contractual obligation to further contribute to the funds.\nWe provide asset management and other services to certain investment structures that are considered VIEs as we generally earn management fees and in some instances performance based fees.\nWe are not the primary beneficiary of these entities as we do not have the obligation to absorb losses of the entities that could be potentially significant to the VIE or the right to receive benefits from these entities that could be potentially significant.\nNet investment income decreased primarily due to lower inflation-based investment returns related to deflation in Chile during 2009, lower yields on floating rate investments supporting floating rate liabilities, and a decrease in average invested assets.\nFor additional information, see Investments  Investment Results.\n Net realized capital gains (losses) can be volatile due to mark-to-market adjustments of certain invested assets, other than temporary impairments of invested assets and our decision to sell invested assets.\nNet realized capital losses decreased primarily due to mark-to-market gains versus losses on fixed maturities and equity securities classified as trading and higher gains on sales of fixed maturities.\nFor additional information, see Investments  Investment Results.\n Total Expenses Benefits, claims and settlement expenses decreased $538.1 million for our Retirement and Investor Services segment, primarily due to a decrease in our investment only business resulting from our decision to scale back this business and lower variable crediting rates.\nAlso contributing to the decline within the segment was a decrease in the change in reserves resulting from lower sales of annuities with life contingencies in our full service payout and individual annuities businesses.\nIn addition, benefits, claims and settlement expenses decreased $257.4 million for our Principal International segment, primarily due to lower interest crediting rates to customers in Chile, which were impacted by deflation, and the weakening of the Chilean peso against the U. S.  dollar.\nDespite a $177.0 million increase in employee defined benefit pension and other postretirement benefit costs, operating expenses (excluding the impacts of DPAC and commissions) for our organization decreased as a result of company-wide expense savings initiatives.\nRetirement and Investor Services operating expenses decreased $358.5 million, primarily due to a decrease in DPAC amortization related to favorable true-up impacts from equity markets in 2009 compared to unfavorable true-up impacts from equity markets in 2008.\nIn addition, lower commission expense and fees paid to advisors stemming from a decrease in average account values in our Principal Funds business contributed to a decline in segment operating expenses.\nFurthermore, operating expenses decreased $115.6 million for the U. S.  Insurance Solutions segment, primarily due to lower DPAC amortization and lower non-deferred sales-related expenses in our individual life insurance business.\nIncome Taxes The effective income tax rates were 13% and 1% for the years ended December 31, 2009 and 2008, respectively.\nThe effective income tax rate for the year ended December 31, 2009, was lower than the U. S.  statutory rate primarily due to income tax deductions allowed for corporate dividends received, taxes on our share of earnings generated from equity method investments reflected in net investment income and the interest exclusion from taxable income.\nThe effective income tax rate for the year ended December 31, 2008, was lower than the U. S.  statutory rate primarily due to income tax deductions allowed for corporate dividends received, interest exclusion from taxable income and additional U. S.  foreign tax credits resulting from the second quarter 2008 enactment of legislation to increase the Brazilian tax rate.\nThe effective income tax rate increased to 13% from 1% for the years ended December 31, 2009 and 2008, respectively, primarily due to a decrease in our net realized capital losses with no proportionate change in permanent items and additional U. S.  foreign tax credits reflected in 2008 resulting from the Brazilian tax rate increase.\nThe net increase in deferred tax liabilities associated with the 2008 enacted Brazilian income tax rate is reflected in net investment income because the equity method of accounting is applied to our Brazilian operations; however, the benefit from additional U. S.  foreign tax credits is reflected in income tax expense.\nResults of Operations by Segment For results of operations by segment see Item 8.\nFinancial Statements and Supplementary Data, Notes to Consolidated Financial Statements, Note 16, Segment Information.\n Retirement and Investor Services Segment Retirement and Investor Services Trends Account values are a key indicator of earnings growth for the segment, as account values are the base by which the segment generates its fee and spread-based profits.\nNet cash flow and market performance are the two main drivers of account value growth.\nNet cash flow reflects the segments ability to attract and retain client deposits.\nMarket performance reflects not only the equity market performance, but also the investment performance of fixed income investments supporting our spread business.\nThe percentage growth in earnings of the segment should generally track the percentage growth in account values.\nThis trend may vary due to changes in business and/or product mix.\nThe following table presents the Retirement and Investor Services account value rollforward for the years indicated:"}
{"_id": "d8a411ec6", "title": "", "text": "| Year ended December 31 | Dollars in millions, except per share data | SUMMARYOFOPERATIONS | Interest income | Interest expense | Net interest income | Noninterest income (b) | Total revenue | Provision for credit losses | Noninterest expense | Income from continuing operations before income taxes and noncontrolling interests | Income taxes | Income from continuing operations before noncontrolling interests | Income from discontinued operations (net of income taxes of zero, zero, zero, $338 and$54) (c) | Net income | Less: Net income (loss) attributable to noncontrolling interests | Preferred stock dividends (d) | Preferred stock discount accretion and redemptions (d) | Net income attributable to common shareholders (d) | PERCOMMONSHARE | Basic earnings | Continuing operations | Discontinued operations (c) | Net income | Diluted earnings | Continuing operations | Discontinued operations (c) | Net income | Book value | Cash dividends declared |"}
{"_id": "d8e075f16", "title": "", "text": "Retail Operations In 2013, the Company's Retail Business sold electricity to residential, commercial and industrial consumers at either fixed, indexed or variable prices.\nResidential and smaller commercial consumers typically contract for terms ranging from one month to two years while industrial contracts are often between one year and five years in length.\nIn 2013, the Company's Retail Business sold approximately 60 TWhs of electricity.\nIn any given year, the quantity of TWh sold can be affected by weather, economic conditions and competition.\nThe wholesale supply is typically purchased as the load is contracted in order to secure profit margin.\nThe wholesale supply is purchased from a combination of NRG's wholesale portfolio and other third parties, depending on the existing hedge position for the NRG wholesale portfolio at the time.\nThe ability to choose supply from the market or the Company's portfolio allows for an optimal combination to support and stabilize retail margins."}
{"_id": "d8e62f8f8", "title": "", "text": "| Year ended December 31, | 2009 | Impact on revenues and adjusted operating income: | International Insurance | International Investments | Total International Insurance and Investments Division |"}
{"_id": "d86d9fe60", "title": "", "text": "Investment Income.\nInvestment income decreased by $2.3 million or 64.9% to $1.2 million for the year ended December 31, 2009 from $3.5 million for the year ended December 31, 2008.\nThis decrease was primarily due to lower interest rates."}
{"_id": "d8d39c7fe", "title": "", "text": "| Preferred  Stock Common  Stock Common Stock Issuable Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss), Net Treasury Stock Total | (In thousands) | 2002 | Balance — January 1, 2002 | Comprehensive income: | Net income | Other comprehensive income, net of tax and reclassification adjustments: | Unrealized gains on investment securities | Unrealized losses on cash flow hedge | 488,705 | Purchases of treasury stock | Stock-based compensation plans: | Stock option and purchase plans: | Compensation expense | Exercises | Directors’ stock plan | Deferred compensation plans, net, including dividend equivalents | Common stock cash dividends — $1.05 per share | Balance — December 31, 2002 | 2003 | Comprehensive income: | Net income | Other comprehensive income, net of tax and reclassification adjustments: | Unrealized losses on investment securities | Unrealized gains on cash flow hedge | Minimum pension liability adjustment | 544,823 | Acquisition of Allfirst Financial Inc. — common stock issued | Repayment of management stock ownership program receivable | Stock-based compensation plans: | Stock option and purchase plans: | Compensation expense | Exercises | Directors’ stock plan | Deferred compensation plans, net, including dividend equivalents | Common stock cash dividends — $1.20 per share | Balance — December 31, 2003 | 2004 | Comprehensive income: | Net income | Other comprehensive income, net of tax and reclassification adjustments: | Unrealized losses on investment securities | Minimum pension liability adjustment | 679,659 | Purchases of treasury stock | Stock-based compensation plans: | Stock option and purchase plans: | Compensation expense | Exercises | Directors’ stock plan | Deferred compensation plans, net, including dividend equivalents | Common stock cash dividends — $1.60 per share | Balance — December 31, 2004 |"}
{"_id": "d8b0a1ef2", "title": "", "text": "| Year Ended December 31, | (dollars in millions) | Salaries and employee benefits | Outside services | Occupancy | Equipment expense | Amortization of software | Other operating expense | Noninterest expense |"}
{"_id": "d8ded89c4", "title": "", "text": "| 2009 2008 2007 | Balance at beginning of year | Additions charged to expense | Accounts written-off | Acquisitions | Balance at end of year |"}
{"_id": "d81392de6", "title": "", "text": "| Years Ended December 31, Percentage Change | (in millions) | Revenues: | Premiums | Policy fees | Net investment income | Other income | Benefits and expenses: | Policyholder benefits and losses incurred | Interest credited to policyholder account balances | Amortization of deferred policy acquisition costs | General operating and other expenses* | Pre-tax operating income | Years Ended December 31, | (in millions) | Revenues: | Premiums | Policy fees | Net investment income | Advisory fee and other income | Benefits and expenses: | Policyholder benefits and losses incurred | Interest credited to policyholder account balances | Amortization of deferred policy acquisition costs | Non deferrable insurance commissions | Advisory fee expenses | General operating expenses | Pre-tax operating income |"}
{"_id": "d8d8c15d6", "title": "", "text": "Sponsorships and Other Marketing Commitments Within the normal course of business, the Company enters into contractual commitments in order to promote the Companys brand and products.\nThese commitments include sponsorship agreements with teams and athletes on the collegiate and professional levels, official supplier agreements, athletic event sponsorships and other marketing commitments.\nThe following is a schedule of the Companys future minimum payments under its sponsorship and other marketing agreements as of December 31, 2011:"}
{"_id": "d8aaf86c2", "title": "", "text": "| December 31, 2015 | AmortizedCost | (in millions) | Fixed maturities, available-for-sale | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds | U.S. corporate public securities | U.S. corporate private securities-1 | Foreign corporate public securities | Foreign corporate private securities | Asset-backed securities-2 | Commercial mortgage-backed securities | Residential mortgage-backed securities-3 | Total fixed maturities, available-for-sale-1 | Equity securities, available-for-sale | December 31, 2015 | AmortizedCost | (in millions) | Fixed maturities, held-to-maturity | Foreign government bonds | Foreign corporate public securities | Foreign corporate private securities-5 | Commercial mortgage-backed securities | Residential mortgage-backed securities-3 | Total fixed maturities, held-to-maturity-5 |"}
{"_id": "d8ce46868", "title": "", "text": "| 2009 2008 2007 | (in millions) | Balance, beginning of year | Capitalization of commissions, sales and issue expenses | Amortization | Change in unrealized investment gains and losses | Foreign currency translation and other | Impact of adoption of guidance on accounting for deferred acquisition costs in connection with modifications or exchanges ofinsurance contracts | Balance, end of year | Other Postretirement  Benefits  (in millions) | One percentage point increase | Increase in total service and interest costs | Increase in postretirement benefit obligation | One percentage point decrease | Decrease in total service and interest costs | Decrease in postretirement benefit obligation | Pension | Minimum | Asset Category | U.S. Equities | International Equities | Fixed Maturities | Short-term Investments | Real Estate | Other |"}
{"_id": "d860bbd16", "title": "", "text": "| Year Ended December 31, | 2006 | (in millions, except per share and ratio information) | Income Statement Data: | Revenues: | Premiums | Policy charges and fee income | Net investment income | Realized investment gains (losses), net | Asset management fees and other income | Total revenues | Benefits and expenses: | Policyholders’ benefits | Interest credited to policyholders’ account balances | Dividends to policyholders | General and administrative expenses | Loss on disposition of property and casualty insurance operations | Total benefits and expenses | Income from continuing operations before income taxes, equity in earnings of operating joint ventures, extraordinary gain on acquisition andcumulative effect of accounting change | Income tax expense (benefit) | Income from continuing operations before equity in earnings of operating joint ventures, extraordinary gain on acquisition and cumulativeeffect of accounting change | Equity in earnings of operating joint ventures, net of taxes | Income from continuing operations before extraordinary gain on acquisition and cumulative effect of accounting change-3 | Income (loss) from discontinued operations, net of taxes | Extraordinary gain on acquisition, net of taxes | Cumulative effect of accounting change, net of taxes | Net income | Basic income from continuing operations before extraordinary gain on acquisition and cumulative effect of accounting change pershare—Common Stock | Diluted income from continuing operations before extraordinary gain on acquisition and cumulative effect of accounting change pershare—Common Stock | Basic net income per share—Common Stock | Diluted net income per share—Common Stock | Basic and diluted net income (loss) per share—Class B Stock | Dividends declared per share—Common Stock | Dividends declared per share—Class B Stock | Ratio of earnings to fixed charges-1 |"}
{"_id": "d87b359f8", "title": "", "text": "| Years ended December 31 2014 2013 2012 2011 2010 | Commercial: | Commercial real estate | Commercial and industrial | Equipment financing | Retail: | Residential mortgage | Home equity | Other consumer | Total portfolio |"}
{"_id": "d8bc8d11c", "title": "", "text": "| Year Gallons Average Priceper Gallon Aircraft FuelExpense Percent of TotalOperating Expenses | 2018 | 2017 | 2016 |"}
{"_id": "d8b4592ca", "title": "", "text": "| Year Ended December 31, 2017 2016 2015 | All operating currencies | Brazilian real | Mexican peso | Australian dollar | South African rand | British pound | Euro | Japanese yen |"}
{"_id": "d8e728106", "title": "", "text": "| 2011 2010 | By-ProductMethod | Revenues, excluding adjustments | Site production and delivery, before net noncash | and other costs shown below | By-product credits | Treatment charges | Unit net cash costs | Depreciation, depletion and amortization | Noncash and other costs, net | Total unit costs | Revenue adjustments, primarily for pricing on | prior period open sales | Gross profit per pound | Copper sales (millions of recoverable pounds) |"}
{"_id": "d81a4d578", "title": "", "text": "To measure, monitor, and report on our interest-rate risk position, we use (1) NIR simulation, or NIR-at-risk, which measures the impact on NIR over the next twelve months to immediate, or “rate shock,” and gradual, or “rate ramp,” changes in market interest rates; and (2) economic value of equity, or EVE, which measures the impact on the present value of all NIR-related principal and interest cash flows of an immediate change in interest rates.\nNIR-at-risk is designed to measure the potential impact of changes in market interest rates on NIR in the short term.\nEVE, on the other hand, is a long-term view of interest-rate risk, but with a view toward liquidation of State Street.\nBoth of these measures are subject to ALCO-established guidelines, and are monitored regularly, along with other relevant simulations, scenario analyses and stress tests by both Global Treasury and ALCO.\nIn calculating our NIR-at-risk, we start with a base amount of NIR that is projected over the next twelve months, assuming that the then-current yield curve remains unchanged over the period.\nOur existing balance sheet assets and liabilities are adjusted by the amount and timing of transactions that are forecasted to occur over the next twelve months.\nThat yield curve is then “shocked,” or moved immediately, ±100 basis points in a parallel fashion, or at all points along the yield curve.\nTwo new twelve-month NIR projections are then developed using the same balance sheet and forecasted transactions, but with the new yield curves, and compared to the base scenario.\nWe also perform the calculations using interest rate ramps, which are ±100 basis point changes in interest rates that are assumed to occur gradually over the next twelve-month period, rather than immediately as we do with interest-rate shocks.\nEVE is based on the change in the present value of all NIR-related principal and interest cash flows for changes in market rates of interest.\nThe present value of existing cash flows with a then-current yield curve serves as the base case.\nWe then apply an immediate parallel shock to that yield curve of ±200 basis points and recalculate the cash flows and related present values.\nA large shock is used to better capture the embedded option risk in our mortgage-backed securities that results from the borrower’s prepayment opportunity.\nKey assumptions used in the models described above include the timing of cash flows; the maturity and repricing of balance sheet assets and liabilities, especially option-embedded financial instruments like mortgage-backed securities; changes in market conditions; and interest-rate sensitivities of our customer liabilities with respect to the interest rates paid and the level of balances.\nThese assumptions are inherently uncertain and, as a result, the models cannot precisely predict future NIR or predict the impact of changes in interest rates on NIR and economic value.\nActual results could differ from simulated results due to the timing, magnitude and frequency of changes in interest rates and market conditions, changes in spreads and management strategies, among other factors.\nProjections of potential future streams of NIR are assessed as part of our forecasting process.\nThe following table presents the estimated exposure of NIR for the next twelve months, calculated as of December 31, 2008 and 2007, due to an immediate ± 100 basis point shift in then-current interest rates.\nEstimated incremental exposures presented below are dependent on management’s assumptions about asset and liability sensitivities under various interest-rate scenarios, such as those previously discussed, and do not reflect any actions management may undertake in order to mitigate some of the adverse effects of interest-rate changes on State Street’s financial performance."}
{"_id": "d8c305166", "title": "", "text": "| Reported in: | Allowance for | credit losses on: | Loans | Lending-relatedcommitments |"}
{"_id": "d85e3e9f8", "title": "", "text": "The amount available to us to pay cash dividends is restricted by our subsidiaries’ debt agreements.\nThe indentures governing the senior subordinated notes and the senior discount notes also limit, but do not prohibit, the ability of BCP Crystal, Crystal LLC and their respective subsidiaries to pay dividends.\nAny decision to declare and pay dividends in the future will be made at the discretion of our board of directors and will depend on, among other things, our results of operations, cash requirements, financial condition, contractual restrictions and other factors that our board of directors may deem relevant.\nUnder the Domination Agreement, any minority shareholder of Celanese AG who elects not to sell its shares to the Purchaser will be entitled to remain a shareholder of Celanese AG and to receive a gross guaranteed fixed annual payment on their shares of u3.27 per Celanese Share less certain corporate taxes to be paid by CAG in lieu of any future dividend.\nSee ‘‘The Transactions— Post-Tender Offer Events—Domination and Profit and Loss Transfer Agreement.\n’’ Under Delaware law, our board of directors may declare dividends only to the extent of our ‘‘surplus’’ (which is defined as total assets at fair market value minus total liabilities, minus statutory capital), or if there is no surplus, out of our net profits for the then current and/or immediately preceding fiscal years.\nThe value of a corporation’s assets can be measured in a number of ways and may not necessarily equal their book value.\nThe value of our capital may be adjusted from time to time by our board of directors but in no event will be less than the aggregate par value of our issued stock.\nOur board of directors may base this determination on our financial statements, a fair valuation of our assets or another reasonable method.\nOur board of directors will seek to assure itself that the statutory requirements will be met before actually declaring dividends.\nIn future periods, our board of directors may seek opinions from outside valuation firms to the effect that our solvency or assets are sufficient to allow payment of dividends, and such opinions may not be forthcoming.\nIf we sought and were not able to obtain such an opinion, we likely would not be able to pay dividends.\nIn addition, pursuant to the terms of our preferred stock, we are prohibited from paying a dividend on our Series A common stock unless all payments due and payable under the preferred stock have been made."}
{"_id": "d8afe4000", "title": "", "text": "Non-Performing Assets A loan is generally considered “non-performing” when it is placed on non-accrual status.\nA loan is generally placed on non-accrual status when it becomes 90 days past due as to interest or principal payments.\nPast due status is based on the contractual payment terms of the loan.\nA loan may be placed on non-accrual status before it reaches 90 days past due if such loan has been identified as presenting uncertainty with respect to the collectability of interest and principal.\nA loan past due 90 days or more may remain on accruing status if such loan is both well secured and in the process of collection.\nAll previously accrued but unpaid interest on non-accrual loans is reversed from interest income in the period in which the accrual of interest is discontinued.\nInterest payments received on non-accrual loans (including impaired loans) are generally applied as a reduction of principal if future collections are doubtful, although such interest payments may be recognized as income.\nA loan remains on non-accrual status until the factors that indicated doubtful collectability no longer exist or until a loan is determined to be uncollectible and is charged off against the allowance for loan losses.\nThere were no loans past due 90 days or more and still accruing interest at December 31, 2015 or 2014."}
{"_id": "d86df4d84", "title": "", "text": "| Accruals atJanuary 1,2003 2003AdditionalCharges 2003 -1 Adjustments 2003 Amount Used Accruals atDecember 31,2003 | Exit costs — lease terminations | Employee separation costs | $545 |"}
{"_id": "d8e059938", "title": "", "text": "Approximately $142 of the $1,161 of pretax losses deferred in accumulated other comprehensive income (loss) at September 30, 2017 will be amortized to expense in 2018.\nAs of September 30, 2017, U. S.  pension plans were underfunded by $77 in total, including unfunded plans totaling $201.\nThe non-U.\nS.  plans were underfunded by $253, including unfunded plans totaling $215.\nThe grant date fair value of options is estimated using the Black-Scholes option-pricing model.\nThe weighted-average assumptions used in valuations for 2017, 2016 and 2015 are, respectively: risk-free interest rate, based on U. S.  Treasury yields, 1.7 percent, 1.9 percent and 1.9 percent; dividend yield, 3.6 percent, 3.8 percent and 3.1 percent; and expected volatility, based on historical volatility, 24 percent, 27 percent and 28 percent.\nThe expected life of each option awarded is seven years based on historical experience and expected future exercise patterns."}
{"_id": "d8d960532", "title": "", "text": "| 2010 2009 | (In millions) | Allowance for loan losses at beginning of year | Provision for loan losses | Loan losses: | Charge-offs | Recoveries | Net loan losses | Allowance for loan losses at end of year | Reserve for unfunded credit commitments at beginning of year | Provision for unfunded credit commitments | Reserve for unfunded credit commitments at end of year | Allowance for credit losses at end of year |"}
{"_id": "d871194d8", "title": "", "text": "| 2014 2013 2012 | Risk-free interest rate(a) | Expected term(b) | Expected share price volatility(c) |"}
{"_id": "d89b1ab9c", "title": "", "text": "| Year Gallons Average Price per Gallon Aircraft Fuel Expense Percent of Total Mainline Operating Expenses | 2014 | 2013 (a) | 2012 (a) |"}
{"_id": "d89c03572", "title": "", "text": "| At December 31, | (Dollars in millions) | Balance at beginning of year | Liabilities assumed | Adjustments to reserves | Benefits paid in the current year | Balance at end of year | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d87397e30", "title": "", "text": "| Shares Weighted Average Grant-date Fair Value | Non-vested shares at January 1 | Granted | Deferred | Vested | Forfeited | Non-vested shares at December 31 |"}
{"_id": "d873e1f3a", "title": "", "text": "| 2008 2007 2006 2005 2004 | Softwood lumber –board feet-1 | Engineered solid section – cubic feet-2 | Engineered I-joists –lineal feet-2 | Oriented strand board – square feet (3/8”) | Plywood – square feet (3/8”)(3) | Veneer – square feet (3/8”)(3)(4) | Composite panels – square feet (3/4”)(1) | Hardwood lumber – board feet |"}
{"_id": "d8ed318fe", "title": "", "text": "AUTOMOBILE PORTFOLIO Our strategy in the automobile portfolio continues to focus on high quality borrowers as measured by both FICO and internal custom scores, combined with appropriate LTVs, terms, and profitability.\nOur strategy and operational capabilities allow us to appropriately manage the origination quality across the entire portfolio, including our newer markets.\nAlthough increased origination volume and entering new markets can be associated with increased risk levels, we believe our disciplined strategy and operational processes significantly mitigate these risks.\nWe have continued to consistently execute our value proposition and take advantage of available market opportunities.\nImportantly, we have maintained our high credit quality standards while expanding the portfolio."}
{"_id": "d8b3885a8", "title": "", "text": "The Protection segment offers a variety of protection products to address the protection and risk management needs of the Companys retail clients including life, DI and property-casualty insurance.\nLife and DI products are primarily provided through the Companys affiliated advisors.\nThe Companys property-casualty products are provided direct, primarily through affinity relationships.\nThe Company issues insurance policies through its life insurance subsidiaries and the property casualty companies.\nThe primary sources of revenues for this segment are premiums, fees, and charges that the Company receives to assume insurance-related risk.\nThe Company earns net investment income on invested assets supporting insurance reserves and capital supporting the business.\nThe Company also receives fees based on the level of assets supporting VUL separate account balances.\nThis segment earns intersegment revenues from fees paid by the Asset Management segment for marketing support and other services provided in connection with the availability of RiverSource Variable Series Trust, Columbia Funds Variable Insurance Trust, Columbia Funds Variable Insurance Trust I and Wanger Advisors Trust funds under the VUL contracts.\nIntersegment expenses for this segment include distribution expenses for services provided by the Advice & Wealth Management segment, as well as expenses for investment management services provided by the Asset Management segment."}
{"_id": "d87194ca0", "title": "", "text": "| December 31 | (Dollars in millions) | Europe | Asia Pacific | Latin America | Middle East and Africa | Other | Total regional foreign exposure |"}
{"_id": "d819d24e0", "title": "", "text": "U. S.  MARKET PULP sales in 2006 were $509 million, compared with $526 million and $437 million in 2005 and 2004, respectively.\nSales volumes in 2006 were down from 2005 levels, primarily for paper and tissue pulp.\nAverage sales price realizations were higher in 2006, reflecting higher average prices for fluff pulp and bleached hardwood and softwood pulp.\nOperating earnings increased 30% from 2005 and more than 100% from 2004 principally due to the impact of the higher average sales prices.\nInput costs for wood and energy were higher in 2006 than in 2005.\nManufacturing operations were unfavorable, driven primarily by poor operations at our Riegelwood, North Carolina mill."}
{"_id": "d8a616bea", "title": "", "text": "| December 31,(in dollars) 2011 2012 2013 2014 2015 2016 | JPMorgan Chase | KBW Bank Index | S&P Financial Index | S&P 500 Index |"}
{"_id": "d8de10d8e", "title": "", "text": "| December 31, | 2008 | Carrying | Type | (In millions) | Real estate | Real estate joint ventures | Foreclosed real estate | 7,585 | Real estate held-for-sale | Total real estate holdings |"}
{"_id": "d8ac67ef4", "title": "", "text": "| Years Ended December 31, | 2006 | (In millions) | Balance at December 31, | Balance at January 1, | Change during year | Interest Rates | Weighted | Range | (In millions) | Senior notes | Repurchase agreements | Surplus notes | Fixed rate notes | Other notes with varying interest rates | Capital lease obligations | Total long-term debt | Total short-term debt | Total |"}
{"_id": "d8ce2f410", "title": "", "text": "| As of December 31, 2015 As of December 31, 2014 | (in millions) | Amortizable intangible assets | Technology-related | Patents | Other intangible assets | $10,997 | Unamortizable intangible assets | Goodwill | In-process research and development (IPR&D) | Technology-related | $16,592 |"}
{"_id": "d87d351cc", "title": "", "text": "| 2012 2011 -1 | Prepaid income tax | Prepaid operating ground leases | Value added tax and other consumption tax receivables | Prepaid assets | Other miscellaneous current assets | Balance as of December 31, |"}
{"_id": "d88000c4e", "title": "", "text": "CONTRACTUAL OBLIGATIONS We typically have various contractual obligations, which are recorded as liabilities in our consolidated balance sheets, while other items, such as certain purchase commitments and other executory contracts, are not recognized, but are disclosed herein.\nFor example, we are contractually committed to contracts for information-technology outsourcing, certain enterprise-wide informationtechnology software licensing and maintenance and make certain minimum lease payments for the use of property under operating lease agreements.\nWe believe that the amount of cash and cash equivalents on hand, cash flow expected from operations and availability under our credit facility will be adequate for us to execute our business strategy and meet anticipated requirements for lease obligations, capital expenditures, working capital and debt service for 2019.\nThe following table summarizes our significant contractual obligations and commercial commitments as of December 31, 2018, over the next several years.\nAdditional details regarding these obligations are provided in the notes to our consolidated financial statements, as referenced in the footnotes to the table:"}
{"_id": "d8b6617ca", "title": "", "text": "| Jurisdiction Years | United States-1 | Connecticut | Mississippi | Virginia-1 |"}
{"_id": "d8be45f18", "title": "", "text": "| Year Ended December 31, | 2004 | $ | ($ in thousands) | Revenues | Commissions | U.S. high-grade | European high-grade | Other | Total commissions | Information and user access fees | License fees | Interest income | Other | Total revenues |"}
{"_id": "d8aefb4b8", "title": "", "text": "During 2016, 2015 and 2014, we repurchased 13.7 million shares of our common stock for total consideration of $700 million, 5.7 million shares of our common stock for total consideration of $345 million, and 4.1 million shares of our common stock for total consideration of $217 million, respectively.\nAt the end of 2016, $100 million remains available for repurchase under our current repurchase program.\nAlthough we may continue to repurchase shares, there is no assurance that we will repurchase up to the full amount of shares remaining available under the program.\nRefer to Note (14) of the notes to consolidated financial statements for further information regarding our share repurchase programs.\nDuring 2016, we paid $2 million of contingent consideration related to our acquisition of InterMedHx, LLC.\nIn 2015 we paid an aggregate of $11 million of contingent consideration related to our acquisitions of InterMedHx, LLC and Kaufman & Keen, LLC (doing business as PureWellness).\nIn 2014, we paid $11 million of contingent consideration related to our acquisition of PureWellness.\nWe expect additional contingent consideration payments in 2017 related to our acquisitions of the Lee's Summit Tech Center and InterMedHx.\nRefer to Note (2) of the notes to consolidated financial statements for additional information regarding our contingent consideration arrangements.\nIn January 2014 we received $48 million of cash grants from the Kansas Department of Commerce for project costs in connection with the construction of our Continuous Campus.\nRefer to Note (16) of the notes to consolidated financial statements for additional information."}
{"_id": "d8c1618a0", "title": "", "text": "| December 31, | (in millions) | Equity | Fixed income | Multi-asset | Alternatives | Long-term | Cash management | Advisory | Total |"}
{"_id": "d8623d086", "title": "", "text": "Note 10 – Commitments and Contingencies Accrued Warranty and Indemnification The Company offers a basic limited parts and labor warranty on its hardware products.\nThe basic warranty period for hardware products is typically one year from the date of purchase by the end-user.\nThe Company also offers a 90-day basic warranty for its service parts used to repair the Company’s hardware products.\nThe Company provides currently for the estimated cost that may be incurred under its basic limited product warranties at the time related revenue is recognized.\nFactors considered in determining appropriate accruals for product warranty obligations include the size of the installed base of products subject to warranty protection, historical and projected warranty claim rates, historical and projected cost-per-claim and knowledge of specific product failures that are outside of the Company’s typical experience.\nThe Company assesses the adequacy of its pre-existing warranty liabilities and adjusts the amounts as necessary based on actual experience and changes in future estimates.\nThe following table shows changes in the Company’s accrued warranties and related costs for 2014, 2013 and 2012 (in millions):"}
{"_id": "d8a4806b4", "title": "", "text": "| AAA AA A BBB BB and Below Total | Vintage Year [1] | 2005 & Prior | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | Total | Credit protection | AAA | Vintage Year [1] | 2005 & Prior | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | Total | Credit protection |"}
{"_id": "d8d025544", "title": "", "text": "| Range Actual | USRIP | Large-Cap Equity | Small- and Mid-Cap Equity | International Equity | Private Equity | Hedge Funds | Real Assets | Fixed Income | Cash |"}
{"_id": "d8642a416", "title": "", "text": "| Millions 2011 2010 2009 % Change 2011 v 2010 % Change 2010 v 2009 | Freight revenues | Other revenues | Total |"}
{"_id": "d8f4d538a", "title": "", "text": "| Location Primary Use Owned/Leased Lease Expiration Approximate Size (in squarefeet)(1) | 20South Wacker Drive, Chicago,Illinois | 141West JacksonChicago, Illinois | 550West WashingtonChicago, Illinois | OneNorth EndNew York, New York | 33Cannon Street, London | OneNew Change, London | AnnexData CenterChicagoland area | RemoteData CenterChicagoland area | DataCenter 3Chicagoland area |"}
{"_id": "d83dd4cbc", "title": "", "text": "acquire operations and facilities from municipalities and other local governments, as they increasingly seek to raise capital and reduce risk.\nWe realize synergies from consolidating businesses into our existing operations, whether through acquisitions or public-private partnerships, which allows us to reduce capital expenditures and expenses associated with truck routing, personnel, fleet maintenance, inventories and back-office administration.\nOperating Model The goal of our operating model pillar is to deliver a consistent, high-quality service to all of our customers through the Republic Way: One Way.\nEverywhere.\nEvery day.\nThis approach of developing standardized processes with rigorous controls and tracking allows us to leverage our scale and deliver durable operational excellence.\nThe Republic Way is the key to harnessing the best of what we do as operators and translating that across all facets of our business.\nA key enabler of the Republic Way is our organizational structure that fosters a high performance culture by maintaining 360-degree accountability and full profit and loss responsibility with local management, supported by a functional structure to provide subject matter expertise.\nThis structure allows us to take advantage of our scale by coordinating functionally across all of our markets, while empowering local management to respond to unique market dynamics.\nWe have rolled out several productivity and cost control initiatives designed to deliver the best service possible to our customers in the most efficient and environmentally sound way.\nFleet Automation Approximately 75% of our residential routes have been converted to automated single-driver trucks.\nBy converting our residential routes to automated service, we reduce labor costs, improve driver productivity, decrease emissions and create a safer work environment for our employees.\nAdditionally, communities using automated vehicles have higher participation rates in recycling programs, thereby complementing our initiative to expand our recycling capabilities.\nFleet Conversion to Compressed Natural Gas (CNG) Approximately 19% of our fleet operates on natural gas.\nWe expect to continue our gradual fleet conversion to CNG as part of our ordinary annual fleet replacement process.\nWe believe a gradual fleet conversion is the most prudent approach to realizing the full value of our previous fleet investments.\nApproximately 30% of our replacement vehicle purchases during 2017 were CNG vehicles.\nWe believe using CNG vehicles provides us a competitive advantage in communities with strict clean emission initiatives that focus on protecting the environment.\nAlthough upfront capital costs are higher, using CNG reduces our overall fleet operating costs through lower fuel expenses.\nAs of December 31, 2017, we operated 37 CNG fueling stations.\nStandardized Maintenance Based on an industry trade publication, we operate the seventh largest vocational fleet in the United States.\nAs of December 31, 2017, our average fleet age in years, by line of business, was as follows:"}
{"_id": "d8aac3080", "title": "", "text": "Hologic, Inc.  Notes to Consolidated Financial Statements (continued) (In thousands, except per share data) Acquisition of R2 Technology, Inc.  On July 13, 2006, the Company completed the acquisition of R2 Technology, Inc.  (\nR2\n) pursuant to an Agreement and Plan of Merger dated April 24, 2006.\nThe results of operations for R2 have been included in the Company’s consolidated financial statements from the date of acquisition as part of its Mammography/Breast Care business segment.\nR2, previously located in Santa Clara, California, develops and sells computer-aided detection technology and products (\nCAD\n), an innovative technology that assists radiologists in the early detection of breast cancer.\nThe aggregate purchase price for R2 of approximately $220,600 consisted of approximately 8,800 shares of Hologic Common Stock valued at $205,500, cash paid of $6,900, debt assumed of $5,700 and approximately $2,500 for acquisition related fees and expenses.\nThe Company determined the fair value of the shares issued in connection with the acquisition in accordance with EITF Issue No.99-12, Determination of the Measurement Date for the Market Price of Acquirer Securities Issued in a Purchase Business Combination.\nThe components and allocation of the purchase price, consists of the following approximate amounts:"}
{"_id": "d8649596e", "title": "", "text": "| As of December 31, 2006 (in millions) Before the adoption of SFAS No. 158 Adjustments After the adoption of SFAS No. 158 | Other assets | Total assets | Other liabilities | Total liabilities | Accumulated other comprehensive loss | Total stockholders’ equity |"}
{"_id": "d83562f2a", "title": "", "text": "| Contractual Obligations Payments Due by Period | Total | (In thousands) | Homebuilding—Senior notes and other debts payable | Financial services—Notes and other debts payable | Interest commitments under interest bearing debt -1 | Operating leases | Total contractual obligations -2 |"}
{"_id": "d8b3e3282", "title": "", "text": "Environmental Matters Our operations, like operations of other companies engaged in similar businesses, involve the use, disposal and cleanup of substances regulated under environmental protection laws.\nWe are involved in a sizeable number of remediation actions to clean up hazardous wastes as required by federal and state laws.\nSuch statutes require that responsible parties fund remediation actions regardless of fault, legality of original disposal or ownership of a disposal site.\nExpenditures for site remediation actions amounted to approximately $0.2 billion in 2010, $0.3 billion in 2009 and $0.2 billion in 2008.\nWe presently expect that such remediation actions will require average annual expenditures of about $0.4 billion for each of the next two years.\nAs previously disclosed, in 2006, we entered into a consent decree with the Environmental Protection Agency (EPA) to dredge PCB-containing sediment from the upper Hudson River.\nThe consent decree provided that the dredging would be performed in two phases.\nPhase 1 was completed in May through November of 2009.\nBetween Phase 1 and Phase 2 there was an intervening peer review by an independent panel of national experts.\nThe panel evaluated the performance of Phase 1 dredging operations with respect to Phase 1 Engineering Performance Standards and recommended proposed changes to the standards.\nOn December 17, 2010, EPA issued its decisions setting forth the final performance standards for Phase 2 of the dredging project, incorporating aspects of the recommendations from the independent peer review panel and from GE.\nIn December 2010, we agreed with EPA to perform Phase 2 of the project in accordance with the final performance standards set by EPA.\nWe have reviewed EPAs final performance standards for Phase 2 to assess the potential scope and duration of Phase 2, as well as operational and engineering changes that could be required.\nBased on this review and our best professional engineering judgment, we increased our reserve for the probable and estimable costs for completing the Hudson River dredging project by $0.8 billion in the fourth quarter of 2010."}
{"_id": "d8dd011c8", "title": "", "text": "| (In millions) Term Maximum Potential Undiscounted Payments as of December 31, 2004(l) | Indebtedness of equity investees: | LOCAP(a) | LOOP(a) | Centennial(b) | Guarantees/indemnifications related to asset sales: | Yates(c) | Canada(d) | Miscellaneous asset sales(e) | Other: | United States Steel(f) | Centennial Pipeline catastrophic event(g) | Alliance Pipeline(h) | Kenai Kachemak Pipeline LLC(i) | Corporate assets(j)(j) | Mobile transportation equipment leases(k) |"}
{"_id": "d892ba0e2", "title": "", "text": "| Change | (dollars in millions) | Revenues | Costs of revenue | as a percentage of revenues | Selling, general and administrative expenses | as a percentage of revenues | Segment profit | as a percentage of revenues |"}
{"_id": "d8dba3812", "title": "", "text": "| ($ in millions) Reserve for Property-Liability insurance claims and claims expense Reinsurance recoverables, net | 2009 | Industry pools and facilities | Asbestos and environmental | Other including allowance for future uncollectible reinsurance recoverables | Total Property-Liability |"}
{"_id": "d8d96060e", "title": "", "text": "| Branches | Alabama | Arkansas | Florida | Georgia | Illinois | Indiana | Iowa | Kentucky | Louisiana | Mississippi | Missouri | North Carolina | South Carolina | Tennessee | Texas | Virginia | Total | 2018 | (In millions, except per share data) | EARNINGS SUMMARY | Interest income, including other financing income | Interest expense and depreciation expense on operating lease assets | Net interest income and other financing income | Provision for loan losses | Net interest income and other financing income after provision for loan losses | Non-interest income | Non-interest expense | Income from continuing operations before income taxes | Income tax expense | Income from continuing operations | Income (loss) from discontinued operations before income taxes | Income tax expense (benefit) | Income (loss) from discontinued operations, net of tax | Net income | Net income from continuing operations available to common shareholders | Net income available to common shareholders | Earnings per common share from continuing operations – basic | Earnings per common share from continuing operations – diluted | Earnings per common share – basic | Earnings per common share – diluted | Return on average common stockholders' equity - continuing operations-1(3) | Return on average tangible common stockholders’ equity (non-GAAP) - continuing operations(1)(2)(3) | Return on average assets - continuing operations-1(3) | BALANCE SHEET SUMMARY | As of December 31 | Loans, net of unearned income | Allowance for loan losses | Assets | Deposits | Long-term debt | Stockholders’ equity | Average balances | Loans, net of unearned income | Assets | Deposits | Long-term debt | Stockholders’ equity | SELECTED RATIOS | Basel I Tier 1 common regulatory capital (non-GAAP)(4) | Basel III common equity Tier 1 ratio-5 | Basel III common equity Tier 1 ratio—Fully Phased-In Pro-Forma (non-GAAP)(2)(4)(5) | Tier 1 capital-4(5)(6) | Total capital-4(5)(6) | Leverage capital-4(5)(6) | Tangible common stockholders’ equity to tangible assets (non-GAAP)(2) | Efficiency ratio | Adjusted efficiency ratio (non-GAAP)(2) |"}
{"_id": "d85dcd4f6", "title": "", "text": "| As of December | $ in millions | Global Core Liquid Assets (GCLA) | Other cash | GCLA and cash | Secured client financing | Inventory | Secured financing agreements | Receivables | Institutional Client Services | Public equity | Private equity | Debt | Loans receivable | Other | Investing & Lending | Total inventory and relatedassets | Other assets | Total assets | Years Ended November 30, | 2010 | (In thousands) | Sales of homes | Cost of homes sold | Gross margins on home sales | Valuation adjustments to finished homes, CIP and land on which we intend to build homes | Gross margins on homes sales excluding valuation adjustments | Principal Maturities of Unconsolidated JVs by Period | (In thousands) | Net recourse debt to Lennar | Reimbursement agreements | Maximum recourse debt exposure to Lennar | Debt without recourse to Lennar | Total |"}
{"_id": "d83583d10", "title": "", "text": "| (In Thousands) | 2004 | 2005 | 2006 | 2007 | 2008 | Years thereafter | Total | Less: Amount representing interest | Present value of net minimum lease payments |"}
{"_id": "d8f458ee8", "title": "", "text": "| Shareholder Approved Plans | 2005 | Risk-free Interest Rate | Dividend Yield | Volatility | Expected Lives (Years) |"}
{"_id": "d8dcbeeb8", "title": "", "text": "Items Measured at Fair Value on a Nonrecurring BasisDuring the year ended December 31, 2012, certain long-lived assets held and used with a carrying value of $5,379.2 million were written down to their net realizable value of $5,357.7 million as a result of an asset impairment charge of $21.5 million, which was recorded in other operating expenses in the accompanying consolidated statements of operations.\nDuring the year ended December 31, 2011, long-lived assets held and used with a carrying value of $4,280.8 million were written down to their net realizable value of $4,271.8 million, resulting in an asset impairment charge of $9.0 million.\nThese adjustments were determined by comparing the estimated proceeds from sale of assets or the projected future discounted cash flows to be provided from the long-lived assets (calculated using Level 3 inputs) to the assets carrying value.\nThere were no other items measured at fair value on a nonrecurring basis during the year ended December 31, 2012.\nFair Value of Financial InstrumentsThe carrying value of the Companys financial instruments, with the exception of long-term obligations, including the current portion, reasonably approximate the related fair value as of December 31, 2012 and 2011.\nThe Companys estimates of fair value of its long-term obligations, including the current portion, are based primarily upon reported market values.\nFor long-term debt not actively traded, fair value was estimated using a discounted cash flow analysis using rates for debt with similar terms and maturities.\nAs of December 31, 2012, the carrying value and fair value of long-term obligations, including the current portion, were $8.8 billion and $9.4 billion, respectively, of which $4.9 billion was measured using Level 1 inputs and $4.5 billion was measured using Level 2 inputs.\nAs of December 31, 2011, the carrying value and fair value of long-term obligations, including the current portion, were $7.2 billion and $7.5 billion, respectively, of which $3.8 billion was measured using Level 1 inputs and $3.7 billion was measured using Level 2 inputs.13."}
{"_id": "d879d76d8", "title": "", "text": "| Fiscal 2015 Quarter Ended | (In millions, except per share amounts) | Total net revenue | Cost of revenue | All other costs and expenses | Operating income (loss) from continuing operations | Net income (loss) from continuing operations | Net income (loss) from discontinued operations | Net income (loss) | Basic net income (loss) per share from continuing operations | Basic net income (loss) per share from discontinued operations | Basic net income (loss) per share | Diluted net income (loss) per share from continuing operations | Diluted net income (loss) per share from discontinued operations | Diluted net income (loss) per share |"}
{"_id": "d8bc04470", "title": "", "text": "ssion of The Capital Markets Company BVBA (\"Capco\") contingent consideration liability.\n(d)Derivative Financial Instruments The Company accounts for derivative financial instruments in accordance with Financial Accounting Standards Board Accounting Standards Codification (“FASB ASC”) Topic 815, Derivatives and Hedgingg .\nDuring 2016, 2015 and 2014, the Company engaged in hedging activities relating to its variable rate debt through the use of interest rate swaps.\nThe Company designates these interest rate swaps as cash flow hedges.\nThe estimated fair values of the cashh flow hedges are determined using Level 2 type measurements.\nThey are recorded as an asset or liability of the Company and are included in the accompanying Consolidated Balance Sheets in prepaid expenses and other current assets, other non-current assets, accounts payable and accrued liabilities or other long-term liabilities, as appropriate, and as a component of accumulated other comprehensive earnings, net of deferred taxes.\nA portion of the amount included in accumulated other comprehensive earnings is recorded in interest expense as a yield adjustment as interest payments are made onn the Company’s Term and Revolving Loans (Note 10).\nThe Company’s existing cash flow hedge is highly effective and there was no impact on 2016 earnings due to hedge ineffectiveness.\nIt is our policy to execute such instruments with credit-worthy banks and not to enter into derivative financial instruments for speculative purposes.\nAs of December 31, 2016, we believe that our interest rate swap counterparty will be able to fulfill its obligations under our agreement.\nThe Company's foreign exchange risk management policy permits the use of derivative instruments, such as forward contracts and options, to reduce volatility in the Company's results of operations and/or cash flows resulting from foreign exchange rate fluctuations.\nDuring 2016 and 2015, the Company entered into foreign currency forward exchange contracts to hedge foreign currency exposure to intercompany loans.\nAs of December 31, 2016 and 2015, the notional amount of these derivatives was approximately $143 million and a $81 million, respectively, and the fair value was nominal.\nThese derivatives have not been designated as hedges for accounting purposes.\nWe also use currency forward contracts to manage our exposure to fluctuations in costs caused by variations in Indian Rupee (\"IINR\") exchange rates.\nAs of December 31, 2016, the notional amount of these derivatives was approximately $7 million and the fair vallue was less than $1 million, which is included in Prepaid Expenses and Other Current Assets in the Consolidated Balance Sheets.\nThese INR forward contracts are designated as cash flow hedges.\nThe fair value of these currency forward contracts is determined using currency u exchange market rates, obtained from reliable, independent, third party banks, at the balance sheet date.\nThe fair value of forrward contracts is subject to changes in currency exchange rates.\nThe Company has no ineffectiveness related to its use of currency fforward contracts in connection with INR cash flow hedges.\nIn September 2015, the Company entered into treasury lock hedges with a total notional amount of $1.0 billion, reducing the risk of changes in the benchmark index component off the 10-year treasury yield.\nThe Company designated these derivatives as cash flow hedges.\nOn October 13, 2015, in conjunction with the pricing of the $4.5 billion seniorr notes, the Company terminated these treasury lock contracts for a cash settlement payment of $16 million, which was recorded as a component of Other Comprehensive Earnings and will be reclassified as an adjustment to interest expense over the ten years during which the related interest payments that were hedged will be recognized in income."}
{"_id": "d8b6cc4a8", "title": "", "text": "Employees We currently have approximately 10,000 employees.\nEnvironmental Regulation We have a dedicated environmental program that is designed to reduce the utilization and generation of hazardous materials during the manufacturing process as well as to remediate identified environmental concerns.\nAs to the latter, we are currently engaged in site investigations and remediation activities to address environmental cleanup from past operations at current and former production facilities.\nThe Company regularly evaluates its remediation programs and considers alternative remediation methods that are in addition to, or in replacement of, those currently utilized by the Company based upon enhanced technology and regulatory changes.\nWe are sometimes a party to environmental lawsuits and claims and have received notices of potential violations of environmental laws and regulations from the U. S.  Environmental Protection Agency (the \"EPA\") and similar state authorities.\nWe have also been identified as a potentially responsible party (\"PRP\") for cleanup costs associated with off-site waste disposal at federal Superfund and state remediation sites.\nFor all such sites, there are other PRPs and, in most instances, our involvement is minimal.\nIn estimating our liability, we have assumed that we will not bear the entire cost of remediation of any site to the exclusion of other PRPs who may be jointly and severally liable.\nThe ability of other PRPs to participate has been taken into account, based on our understanding of the parties’ financial condition and probable contributions on a per site basis.\nAdditional lawsuits and claims involving environmental matters are likely to arise from time to time in the future.\nWe incurred $3.2 million, $23.3 million, and $4.4 million of expenses during the years ended December 31, 2017, 2016, and 2015, respectively, for environmental remediation at sites presently or formerly owned or leased by us.\nAs of December 31, 2017 and 2016, we have recorded reserves for environmental matters of $28.9 million and $30.6 million.\nOf these amounts $8.9 million and $9.6 million, respectively, relate to remediation of sites previously disposed by us.\nGiven the evolving nature of environmental laws, regulations and technology, the ultimate cost of future compliance is uncertain.\nPRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements 20.\nFAIR VALUE OF ASSETS AND LIABILITIES (continued)"}
{"_id": "d8b89017c", "title": "", "text": "(2) Benefits and expenses exclude related charges which represent the unfavorable (favorable) impact of Realized investment gains (losses), net, on interest credited to policyholders’ account balances.\nFor a discussion of these items see “—Realized Investment Gains and General Account Investments— Realized Investment Gains.\n” Adjusted Operating Income 2005 to 2004 Annual Comparison.\nAdjusted operating income increased $50 million, from $174 million in 2004 to $224 in 2005, primarily due to an increase in net investment income and growth in the segment’s group life insurance business, as well as lower costs in 2005 related to legal and regulatory matters.2004 to 2003 Annual Comparison.\nAdjusted operating income increased $5 million, from $169 million in 2003 to $174 million in 2004.\nAdjusted operating income for 2003 included a net favorable effect of $8 million from refinements in group life reserves for waiver of premium features and estimates of amounts due policyholders on experience rated cases.\nExcluding these items, adjusted operating income increased $13 million primarily due to more favorable mortality experience in our group life insurance business which was partially offset by less favorable claims experience in our group disability business and costs related to legal and regulatory matters that were incurred during 2004.\nRevenues 2005 to 2004 Annual Comparison.\nRevenues, as shown in the table above under “—Operating Results,” increased by $308 million, from $3.892 billion in 2004 to $4.200 billion in 2005.\nGroup life insurance premiums increased by $272 million, from $2.274 billion in 2004 to $2.546 billion in 2005, primarily reflecting growth in business in force resulting from new sales and continued strong persistency, which improved from 94% in 2004 to 95% in 2005.\nGroup disability premiums, which include long-term care products, increased by $48 million, from $676 million in 2004 to $724 million in 2005, primarily reflecting growth in business in force resulting from new sales and continued strong persistency, which declined slightly from 86% in 2004 to 85% in 2005.\nNet investment income increased by $32 million, primarily reflecting a larger base of invested assets due to business growth.2004 to 2003 Annual Comparison.\nRevenues increased by $175 million, from $3.717 billion in 2003 to $3.892 billion in 2004.\nGroup life insurance premiums increased by $71 million, from $2.203 billion in 2003 to $2.274 billion in 2004, primarily reflecting growth in business in force resulting from new sales and continued strong persistency, which improved slightly from 93% in 2003 to 94% in 2004.\nGroup disability premiums, which include long-term care products, increased by $46 million, from $630 million in 2003 to $676 million in 2004, primarily reflecting growth in business in force resulting from new sales and continued strong persistency, which improved slightly from 85% in 2003 to 86% in 2004.\nThe increase in premiums also reflects the negative effect in 2003 of a $9 million increase in our estimate of amounts due policyholders on experience rated cases, as discussed above.\nPolicy charges and fee income increased by $80 million, which includes the negative effect in 2003 of a $17 million increase in our estimate of amounts due policyholders on experience rated cases, as discussed above.\nExcluding the effect of this refinement, policy charges and fee income increased by $63 million, primarily reflecting higher charges and fees on experienced rated contracts sold to employers for funding of employee benefit programs.\nPartially offsetting these increases was a decrease in net investment income of $24 million, due primarily to a decrease in income from policyholder loans.\nThe decrease in income from policyholder loans reflects reductions in the balances of these loans, which also results in a corresponding decline in interest credited to policyholders’ account balances."}
{"_id": "d8193ec72", "title": "", "text": "| December 31, 2016 Level 1 Level 2 Level 3 Total | (In millions) | Fixed maturity securities: | Corporate and other bonds | States, municipalities and political subdivisions | Asset-backed: | Residential mortgage-backed | Commercial mortgage-backed | Other asset-backed | Total asset-backed | U.S. Treasury and obligations of government-sponsored enterprises | Foreign government | Redeemable preferred stock | Fixed maturitiesavailable-for-sale | Fixed maturities trading | Total fixed maturities | Equity securitiesavailable-for-sale | Equity securities trading | Total equity securities | Short term investments | Other invested assets | Receivables | Life settlement contracts | Payable to brokers |"}
{"_id": "d8b51fb00", "title": "", "text": "| 2008 2007 | Balance at beginning of period | Increases as a result of tax positions taken during a prior year | Decreases as a result of tax positions taken during a prior year | Settlements with taxing authorities | Lapse of statutes of limitation | Increases as a result of tax positions taken during the current year | Balance at end of period |"}
{"_id": "d8f921592", "title": "", "text": "The contractual life of one option was extended in 2005 for the benefit of a retiring officer.\nThis modification, which was accounted for under the intrinsic value method, resulted in an after-tax charge of $369 thousand.\nNo equity awards were cash settled during the three years ended December 31, 2006.\nNote 13Business Segments Torchmarks segments are based on the insurance product lines it markets and administers: life insurance, health insurance, and annuities.\nThese major product lines are set out as segments because of the common characteristics of products within these categories, comparability of margins, and the similarity in regulatory environment and management techniques.\nThere is also an investment segment which manages the investment portfolio, debt, and cash flow for the insurance segments and the corporate function.\nTorchmarks management evaluates the overall performance of the operations of the Company in accordance with these segments.\nLife insurance products include traditional and interest-sensitive whole life insurance as well as term life insurance.\nHealth products are generally guaranteed-renewable and include Medicare Supplement, Medicare Part D, cancer, accident, long-term care, and limited-benefit hospital and surgical coverages.\nAnnuities include both fixed-benefit and variable contracts.\nVariable contracts allow policyholders to choose from a variety of mutual funds in which to direct their deposits.\nTorchmark markets its insurance products through a number of distribution channels, each of which sells the products of one or more of Torchmarks insurance segments.\nThe tables below present segment premium revenue by each of Torchmarks marketing groups.\nMarket Risk Sensitivity.\nTorchmarks financial securities are exposed to interest rate risk, meaning the effect of changes in financial market interest rates on the current fair value of the companys investment portfolio.\nSince 94% of the book value of our investments is attributable to fixed-maturity investments (and virtually all of these investments are fixed-rate investments), the portfolio is highly subject to market risk.\nDeclines in market interest rates generally result in the fair value of the investment portfolio exceeding the book value of the portfolio and increases in interest rates cause the fair value to decline below the book value.\nUnder normal market conditions, we do not expect to realize these unrealized gains and losses because it is generally our investment strategy to hold these investments to maturity.\nThe long-term nature of our insurance policy liabilities and strong cash-flow operating position substantially mitigate any future need to liquidate portions of the portfolio.\nThe increase or decrease in the fair value of insurance liabilities and debt due to increases or decreases in market interest rates largely offset the impact of rates on the investment portfolio.\nHowever, in accordance with GAAP, these liabilities are not marked to market.\nThe following table illustrates the market risk sensitivity of our interest-rate sensitive fixed-maturity portfolio at December 31, 2010 and 2009."}
{"_id": "d8a713ef8", "title": "", "text": "The security-specific collateral review is performed to estimate potential future losses.\nThis review incorporates assumptions about expected future collateral cash flows, including projected rental rates and occupancy levels that varied based on property type and submarket.\nThe results of the security-specific collateral review allowed the Company to estimate the expected timing of a securitys first loss, if any, and the probability and severity of potential ultimate losses.\nThe Company then discounted these anticipated future cash flows at the securitys book yield prior to impairment.\nIncluded in corporate and equity security types were direct private investments that were impaired primarily due to the likelihood of a disruption in contractual principal and interest payments due to the restructuring of the debtors obligation.\nImpairments on equity securities were primarily related to preferred stock associated with these direct private investments.\nImpairments on securities for which the Company has the intent to sell were primarily on corporate bonds, certain ABS aircraft bonds and CMBS as market pricing continues to improve and the Company would like the ability to reduce certain exposures.\nIn addition to the credit impairments recognized in earnings, the Company recognized non-credit impairments in other comprehensive income of $89 for the year ended December 31, 2011, predominantly concentrated in CRE CDOs and RMBS.\nThese non-credit impairments represent the difference between fair value and the Companys best estimate of expected future cash flows discounted at the securitys effective yield prior to impairment, rather than at current market implied credit spreads.\nThese non-credit impairments primarily represent increases in market liquidity premiums and credit spread widening that occurred after the securities were purchased, as well as a discount for variable-rate coupons which are paying less than at purchase date.\nIn general, larger liquidity premiums and wider credit spreads are the result of deterioration of the underlying collateral performance of the securities, as well as the risk premium required to reflect future uncertainty in the real estate market.\nFuture impairments may develop as the result of changes in intent to sell of specific securities or if actual results underperform current modeling assumptions, which may be the result of, but are not limited to, macroeconomic factors and security-specific performance below current expectations.\nUltimate loss formation will be a function of macroeconomic factors and idiosyncratic security-specific performance.\nYear ended December 31, 2010 For the year ended December 31, 2010, impairments recognized in earnings were comprised of credit impairments of $372 primarily concentrated on structured securities associated with commercial and residential real estate.\nAlso included were impairments on debt securities for which the Company intended to sel1 of $54, mainly comprised of CMBS bonds in order to take advantage of price appreciation, as well as impairments on equity securities of $8 primarily on below investment grade securities depressed 20% for more than six months.\nYear ended December 31, 2009 Impairments recognized in earnings were comprised of credit impairments of $1.2 billion primarily concentrated on CRE CDOs, belowprime RMBS and CMBS.\nAlso included were impairments on debt securities for which the Company intended to sell of $156, mainly comprised of corporate financial services securities, as well as impairments on equity securities of $136 related to below investment grade hybrid securities."}
{"_id": "d8dbbb8d6", "title": "", "text": "During December 2010, ACE repurchased 4,926,082 Common Shares in a series of open market transactions.\nThe cost of these shares, which were placed in treasury, totaled $303 million.\nACE repurchased these Common Shares to partially offset potential dilution from the exercise of stock options and the granting of restricted stock under share-based compensation plans.\nCommon Shares in treasury are used principally for issuance upon the exercise of employee stock options, for issuance of restricted stock, and for purchases under the ESPP.\nAt December 31, 2010 and 2009, 6,151,707 and 1,316,959 Common Shares, respectively, remain in treasury after net shares redeemed under employee share-based compensation plans.\nCommon Shares issued to employee trust are issued by the Company to a rabbi trust for deferred compensation obligations as discussed in Note 12 f) below.\nAuthorized Share Capital for General Purposes The Board has shareholder-approved authority as set forth in the Articles of Association to increase for general purposes the Companys share capital from time to time through May 19, 2012, by the issuance of up to 140,000,000 fully paid up Common Shares, with a par value equal to the par value of ACEs Common Shares as set forth in the Articles of Association at the time of any such issuance.\nIt is expected that the Company will seek shareholder approval in 2012 for a new pool of authorized share capital for general purposes to replace the existing 140,000,000 share pool when it expires.\nConditional share capital for bonds and similar debt instruments The share capital of the Company may be increased through the issuance of a maximum of 33,000,000 fully paid up Common Shares with a par value of CHF 30.57 each through the exercise of conversion and/or option or warrant rights granted in connection with bonds, notes, or similar instruments, issued or to be issued by the Company, including convertible debt instruments.\nConditional share capital for employee benefit plans The share capital of the Company may be increased through the issuance of a maximum of 27,148,782 fully paid up Common Shares with a par value of CHF 30.57 each in connection with the exercise of option rights granted to any employee of the Company, and any consultant, director, or other person providing services to the Company.\nc) ACE Limited securities repurchase authorization In November 2010, the Board authorized the repurchase of up to $600 million of ACEs Common Shares through December 31, 2012.\nThis authorization was granted to allow ACE to repurchase Common Shares to partially offset potential dilution from the exercise of stock options and the granting of restricted stock under share-based compensation plans.\nSuch repurchases may be made in the open market, in privately negotiated transactions, block trades, accelerated repurchases and/ or through option or other forward transactions.\nAs discussed above, $303 million of this authorization was utilized during December 2010."}
{"_id": "d8d151f3a", "title": "", "text": "| % of Consolidated Revenues | 2001 | (In Thousands) | Labor | Facilities | Transportation | Product Cost of Sales | Other | $576,538 |"}
{"_id": "d8632221c", "title": "", "text": "| Years Ended December 31, | (Dollars in thousands) | Written premiums: | Direct | Assumed | Ceded | Net written premiums | Premiums earned: | Direct | Assumed | Ceded | Net premiums earned | Years Ended December 31, | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d87b9bcf8", "title": "", "text": "A valuation allowance totaling $45.4 million, $43.9 million and $40.4 million as of 2013, 2012 and 2011 year end, respectively, has been established for deferred income tax assets primarily related to certain subsidiary loss carryforwards that may not be realized.\nRealization of the net deferred income tax assets is dependent on generating sufficient taxable income prior to their expiration.\nAlthough realization is not assured, management believes it is morelikely-than-not that the net deferred income tax assets will be realized.\nThe amount of the net deferred income tax assets considered realizable, however, could change in the near term if estimates of future taxable income during the carryforward period fluctuate.\nThe following is a reconciliation of the beginning and ending amounts of unrecognized tax benefits for 2013, 2012 and 2011:"}
{"_id": "d81ad2782", "title": "", "text": "| Year Ended | December 31, 2007 | % of | $ | (In millions, except percentages) | North America | Europe/Africa | Asia/Australia | Rest of World |"}
{"_id": "d87e41d36", "title": "", "text": "| In millions at December 31 2007 2006 | Pulp, paper and packaging facilities | Mills | Packaging plants | Other plants, properties and equipment | Gross cost | Less: Accumulated depreciation | Plants, properties and equipment, net |"}
{"_id": "d8a3e19b0", "title": "", "text": "MetLife, Inc.  Notes to Consolidated Financial Statements  (Continued) In addition to reinsuring mortality risk as described previously, the Company reinsures other risks, as well as specific coverages.\nThe Company routinely reinsures certain classes of risks in order to limit its exposure to particular travel, avocation and lifestyle hazards.\nThe Company has exposure to catastrophes, which could contribute to significant fluctuations in the Companys results of operations.\nThe Company uses excess of retention and quota share reinsurance arrangements to provide greater diversification of risk and minimize exposure to larger risks.\nThe Company had also protected itself through the purchase of combination risk coverage.\nThis reinsurance coverage pooled risks from several lines of business and included individual and group life claims in excess of $2 million per policy, as well as excess property and casualty losses, among others.\nThis combination risk coverage was commuted during 2005.\nThe Company reinsures its business through a diversified group of reinsurers.\nNo single unaffiliated reinsurer has a material obligation to the Company nor is the Companys business substantially dependent upon any reinsurance contracts.\nThe Company is contingently liable with respect to ceded reinsurance should any reinsurer be unable to meet its obligations under these agreements.\nIn the Reinsurance Segment, Reinsurance Group of America, Incorporated (RGA) retains a maximum of $6 million of coverage per individual life with respect to its assumed reinsurance business.\nThe amounts in the consolidated statements of income are presented net of reinsurance ceded.\nInformation regarding the effect of reinsurance is as follows:"}
{"_id": "d8aba7546", "title": "", "text": "Operating Activities Operating activities consist primarily of net income adjusted for certain non-cash items.\nNon-cash items include depreciation and amortization, unrealized foreign currency transaction gains and losses, stock-based compensation, deferred income taxes and changes in reserves for doubtful accounts, returns, discounts and inventories.\nIn addition, operating cash flows include the effect of changes in operating assets and liabilities, principally accounts receivable, inventories, accounts payable, accrued expenses and income taxes payable and receivable.\nCash used in operating activities was $14.6 million for the year ended December 31, 2007 compared to cash provided by operating activities of $10.7 million during the same period in 2006.\nThe $25.3 million additional net use of cash in operating activities was due to increased cash outflows from operating assets and liabilities of $45.6 million, partially offset by increased non-cash items of $6.7 million and an increase in net income of $13.6 million year-over-year.\nThe increase in cash outflows related to changes in operating assets and liabilities periodover-period was primarily due to the following: ?\na larger increase in inventory levels of $57.5 million, primarily due to our planned strategy for additional core inventory needed to support the anticipated consumer demand for our products, higher average cost per unit due to product mix and increased in-transit inventory as a result of increased sourcing from Asia; ?\nincreased accounts receivable driven by a 29.0% increase in net sales for the three months ended December 31, 2007 compared to the same period of the prior year; partially offset by ?\nlower income taxes receivable in 2007 compared to 2006.\nNon-cash items primarily increased in 2007 as a result of higher depreciation and amortization expense relating to the expansion of our distribution and corporate facilities and our footwear promotional rights, higher"}
{"_id": "d86e6dd92", "title": "", "text": "Federal Income Taxes We have elected to be taxed as a real estate investment trust (REIT) under the Internal Revenue Code of 1986, as amended.\nTo qualify as a REIT, we must meet a number of organizational and operational requirements, including a requirement to distribute at least 90% of our adjusted taxable income to our stockholders.\nManagement intends to continue to adhere to these requirements and to maintain our REIT status.\nAs a REIT, we are entitled to a tax deduction for some or all of the dividends we pay to shareholders.\nAccordingly, we generally will not be subject to federal income taxes as long as we distribute an amount equal to or in excess of our taxable income currently to shareholders.\nWe are also generally subject to federal income taxes on any taxable income that is not currently distributed to our shareholders.\nIf we fail to qualify as a REIT in any taxable year, we will be subject to federal income taxes and may not be able to qualify as a REIT for four subsequent taxable years.\nREIT qualification reduces, but does not eliminate, the amount of state and local taxes we pay.\nIn addition, our financial statements include the operations of taxable corporate subsidiaries that are not entitled to a dividends paid deduction and are subject to corporate federal, state and local income taxes.\nAs a REIT, we may also be subject to certain federal excise taxes if we engage in certain types of transactions."}
{"_id": "d892da932", "title": "", "text": "| Year ended December 31, | (Dollars in thousands, except employees) | Compensation and benefits: | Salaries and wages | Incentive compensation | ESOP | Other employee compensation and benefits -1 | Total compensation and benefits | Period-end full-time equivalent employees | Average full-time equivalent employees |"}
{"_id": "d883affd4", "title": "", "text": "| Quarter | First | 2014 | Net revenues | Operating profit | Earnings (loss) before income taxes | Net earnings (loss) | Net earnings (loss) attributable to Hasbro, Inc. | Per common share | Net earnings (loss) attributable to Hasbro, Inc. | Basic | Diluted | Market price | High | Low | Cash dividends declared |"}
{"_id": "d88f63bfa", "title": "", "text": "| $ in millions Before Consolidation-1 Consolidated Investment Products Adjustments-2 Total | As of December 31, 2010 | Current assets | Non-current assets | Total assets | Current liabilities | Long-term debt of consolidated investment products | Other non-current liabilities | Total liabilities | Retained earnings appropriated for investors in consolidated investment products | Other equity attributable to common shareholders | Equity attributable to noncontrolling interests in consolidated entities | Total liabilities and equity |"}
{"_id": "d8dfaed62", "title": "", "text": "| December 31, 2014 December 31, 2013 | (dollars in millions) | Securities Available for Sale: | U.S. Treasury | State and political subdivisions | Mortgage-backed securities: | Federal agencies and U.S. government sponsored entities | Other/non-agency | Total mortgage-backed securities | Total debt securities | Marketable equity securities | Other equity securities | Total equity securities | Total securities available for sale | Securities Held to Maturity: | Mortgage-backed securities: | Federal agencies and U.S. government sponsored entities | Other/non-agency | Total securities held to maturity | Total securities available for sale and held to maturity |"}
{"_id": "d8af248b8", "title": "", "text": "| December 31, (in millions) 2010 2009 | Securities purchased under resale agreements(a) | Securities borrowed(b) | Securities sold under repurchase agreements(c) | Securities loaned |"}
{"_id": "d8880226c", "title": "", "text": "| Years Ended December 31, | 2013 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Operating earnings | Years Ended December 31, | 2014 | (in millions) | Total net revenues | Less: Revenue attributable to CIEs | Less: Net realized gains | Less: Market impact on indexed universal life benefits | Operating total net revenues | Contractual obligations byperiod as of June 30, 2011 | Operating lease obligations | Capital lease obligations | Notes payable, includingaccrued interest | Purchase obligations | Total |"}
{"_id": "d8d3b0cc2", "title": "", "text": "Fixed maturities of $1 million as of December 31, 2010 will mature in 2013.\nActual maturities could differ from contractual maturities because borrowers may have the right to call or prepay obligations, with or without call or prepayment penalties.\ntax returns for 2001 and beyond are open for examination under statute.\nCurrently, unrecognized tax benefits are not expected to change significantly over the next 12 months.19."}
{"_id": "d8d1ead7a", "title": "", "text": "| Year ended December 31, | 2018 | (in millions, except as noted) | Net sales | Cost of sales | Gross margin | Gross margin percentage | Sales volume by product tons (000s) | Sales volume by nutrient tons (000s)(1) | Average selling price per product ton | Average selling price per nutrient ton-1 | Gross margin per product ton | Gross margin per nutrient ton-1 | Depreciation and amortization | Unrealized net mark-to-market (gain) loss on natural gas derivatives |"}
{"_id": "d8125cdc8", "title": "", "text": "(a) U. S.  and international equity securities include investments in small, medium, and large capitalization stocks of public companies held in commingled trust funds.\n(b) Cash and cash equivalents are liquid short-term investment funds and include net receivables and payables of the trust.\nThese funds are available for immediate use to fund daily operations, execute investment policies, and serve as a temporary investment vehicle.\nThe master trust limits the use of derivatives through direct or separate account investments, such that the derivatives used are liquid and able to be readily valued in the market.\nDerivative usage in separate account structures is primarily for gaining market exposure in an unlevered manner or hedging investment risks.\nThe fair market value of the pension master trust's derivatives through direct or separate account investments resulted in a net asset of approximately $4 million and a net liability of $1 million as of December 31, 2018 and 2017, respectively.\nThere was no activity attributable to Level 3 retirement plan assets during the years ended December 31, 2018 and 2017.18."}
{"_id": "d8d609c1c", "title": "", "text": "| Year ended December 31, | (in thousands, except per share data) | Total revenue | Net income | Earnings per share: | Basic | Diluted |"}
{"_id": "d89c4f7ce", "title": "", "text": "CAPITAL STOCK AND EARNINGS PER SHARE We are authorized to issue 250 million shares of preferred stock, none of which were issued or outstanding as of December 31, 2013.\nThe numerator for both basic and diluted earnings per share is net earnings available to common stockholders.\nThe denominator for basic earnings per share is the weighted average number of common shares outstanding during the period.\nThe denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards.\nThe following is a reconciliation of weighted average shares for the basic and diluted share computations (in millions):"}
{"_id": "d8b7c2e20", "title": "", "text": "| 2006 2005 | (in millions) | Life insurance | Individual and group annuities and supplementary contracts | Other contract liabilities | Subtotal future policy benefits excluding unpaid claims and claim adjustment expenses | Unpaid claims and claim adjustment expenses | Total future policy benefits |"}
{"_id": "d8d89b1e2", "title": "", "text": "| Year Ended June 30, 2013 | (In millions) | Foreign exchange contracts |"}
{"_id": "d8c118f4c", "title": "", "text": "The amounts provided above for amortization of prior service credit and amortization of loss represent the reclassifications of prior service credits and net actuarial losses that were recognized in Accumulated other comprehensive income (loss) in prior periods.\nThe settlement losses recorded in 2019 and 2018 primarily included lump sum benefit payments associated with the Companys U. S.  supplemental pension plan.\nThe Company recognizes pension settlements when payments from the supplemental plan exceed the sum of service and interest cost components of net periodic pension cost associated with this plan for the fiscal year.\nAs further discussed in Note 2, upon adopting an accounting standard update on October 1, 2018, all components of the Companys net periodic pension and postretirement benefit costs, aside from service cost, are recorded to Other income (expense), net on its consolidated statements of income, for all periods presented."}
{"_id": "d89d5ba00", "title": "", "text": "| For the Year 2012 | Life | Distribution Channel | United American Independent | Liberty National Exclusive | American Income Exclusive | Family Heritage | Direct Response | Medicare Part D | Other | $1,808,524 | For the Year 2011 | Life | Distribution Channel | United American Independent | Liberty National Exclusive | American Income Exclusive | Direct Response | Medicare Part D | Other | $1,726,244 | For the Year 2010 | Life | Distribution Channel | United American Independent | Liberty National Exclusive | American Income Exclusive | Direct Response | Medicare Part D | Other | $1,663,699 | 2014 | Volatility factor | Dividend yield | Expected term (in years) | Risk-free rate |"}
{"_id": "d8b728460", "title": "", "text": "| 2009 2010-2011 2012-2013 after 2013 Total | (In Millions) | Planned construction and | Capital investment -1 | Long-term debt | Capital lease payments | Operating leases | Purchase obligations -2 | Nuclear fuel lease obligations -3 |"}
{"_id": "d87c72000", "title": "", "text": "| Loss recognized in OCI(effective portion) Locationof (loss)/gain reclassifiedfrom OCI into income(effective portion) (Loss)/gain reclassifiedfrom OCI into income(effective portion) Location of (loss)/gain recognized in income(ineffective portion and amountexcluded from effectiveness testing) (Loss)/gain recognizedin income (ineffectiveportion andamount excluded fromeffectiveness testing) | 2016 | Foreign exchange forwards |"}
{"_id": "d855e743a", "title": "", "text": "| December 31, 2011 | Fair Value Measurements at Reporting Date Using | Quoted Prices in Active Markets for Identical Assets  and Liabilities  (Level 1) | (In millions) | Assets | Fixed maturity securities: | U.S. corporate securities | Foreign corporate securities | Foreign government securities | RMBS | U.S. Treasury and agency securities | CMBS | State and political subdivision securities | ABS | Other fixed maturity securities | Total fixed maturity securities | Equity securities: | Common stock | Non-redeemable preferred stock | Total equity securities | Trading and other securities: | Actively Traded Securities | FVO general account securities | FVO contractholder-directed unit-linked investments | FVO securities held by CSEs | Total trading and other securities | Short-term investments -1 | Mortgage loans: | Commercial mortgage loans held by CSEs | Mortgage loans held-for-sale: -2 | Residential mortgage loans | Securitized reverse residential mortgage loans | Total mortgage loans held-for-sale | Total mortgage loans | Other invested assets: | MSRs | Other investments | Derivative assets: -3 | Interest rate contracts | Foreign currency contracts | Credit contracts | Equity market contracts | Total derivative assets | Total other invested assets | Net embedded derivatives within asset host contracts -4 | Separate account assets -5 | Total assets |"}
{"_id": "d8da9f902", "title": "", "text": "| Net Charge-offs Net Charge-off Ratios-1 | (Dollars in millions) | Commercial real estate – non-homebuilder | Office | Multi-family rental | Shopping centers/retail | Industrial/warehouse | Multi-use | Hotels/motels | Land and land development | Other-2 | Total non-homebuilder | Commercial real estate – homebuilder | Total commercial real estate |"}
{"_id": "d8c5b6144", "title": "", "text": "| At December 31, | (Dollars in thousands) | Balance at beginning of year | Liabilities assumed | Adjustments to reserves | Benefits paid in the current year | Balance at end of year |"}
{"_id": "d834c5112", "title": "", "text": "| Years Ended December 31, | 2011 | GAAP | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income (loss) | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest and debt expense | General and administrative expense | Total expenses | Pretax loss | Less: Net income (loss) attributable to noncontrolling interests | Pretax loss attributable to Ameriprise Financial |"}
{"_id": "d8d232a9e", "title": "", "text": "| As of December 31, 2008 | Level 1 | (in millions) | Fixed maturities, available for sale | Trading account assets supporting insurance liabilities | Other trading account assets | Equity securities, available for sale | Commercial mortgage and other loans | Other long-term investments | Short-term investments | Cash and cash equivalents | Other assets | Sub-total excluding separate account assets | Separate account assets-1 | Total assets | Future policy benefits | Long-term debt | Other liabilities | Total liabilities |"}
{"_id": "d888eaa12", "title": "", "text": "| Fiscal Years Ended | March 31, 2012 | (millions) | Basic | Dilutive effect of stock options, restricted stock and restricted stock units | Diluted shares |"}
{"_id": "d8e1f7394", "title": "", "text": "| 2004 Entergy  Arkansas Entergy  Gulf States Entergy  Louisiana Entergy  Mississippi Entergy  New Orleans System  Energy | (In Thousands) | Current: | Federal (a)(b) | State (a)(b) | Total (a)(b) | Deferred -- net | Investment tax credit | adjustments -- net | Recorded income tax expense | 2003 | (In Thousands) | Current: | Federal (a) | State (a) | Total (a) | Deferred -- net | Investment tax credit | adjustments -- net | Recorded income tax expense | 2016 | Decommissioning Trust Fair Values | (In Millions) | Utility: | ANO 1 and ANO 2 | River Bend | Waterford 3 | Grand Gulf | Entergy Wholesale Commodities |"}
{"_id": "d89fa9244", "title": "", "text": "| Year Ended December 31, | 2015 | % of | $Revenues | ($ in thousands) | Expenses | Employee compensation and benefits | Depreciation and amortization | Technology and communications | Professional and consulting fees | Occupancy | Marketing and advertising | General and administrative | Total expenses |"}
{"_id": "d885de83c", "title": "", "text": "Charges from suppliers for the firm purchase of gas, which are based on formulas or indexes or are subject to negotiation, are generally designed to approximate market prices.\nThe gas supply contracts are for various terms extending to 2012.\nThe Utilities have contracts with interstate pipeline companies for the purchase of firm transportation from upstream points where gas has been purchased to the Utilities distribution systems, and for upstream storage services.\nCharges under these transportation and storage contracts are approved by the FERC.\nSuch contracts are for various terms extending to 2023.\nThe Utilities are required to pay certain fixed charges under the supply, transportation and storage contracts whether or not the contracted capacity is actually used.\nThese fixed charges amounted to approximately $277 million in 2009, including $272 million for CECONY.\nSee Contractual Obligations below.\nIn Steam Sales and Deliveries CECONYs steam sales and deliveries for the last five years wer addition, the Utilities purchase gas on the spot market and contract for interruptible gas transportation.\nSee Recoverable Energy Costs in Note A to the financial statements in Item 8.\nSteam Operations Steam Facilities CECONYs capitalized costs for utility plant, net of accumulated depreciation for steam facilities were $1,555 million and $1,512 million at December 31, 2009 and 2008, respectively.\nCECONY generates steam at one steam-electric generating station and five steam-only generating stations and distributes steam to its customers through approximately 105 miles of transmission, distribution, and service piping"}
{"_id": "d8a5c0092", "title": "", "text": "| In millions 2006 2005 2004 | Sales | Operating Profit |"}
{"_id": "d8f3b2516", "title": "", "text": "| Smart Plans and Other Consumer Membership Other Commercial Membership Commercial Medical Membership | Fully-insured | ASO | Total Commercial medical |"}
{"_id": "d8799abe8", "title": "", "text": "| For the Year Ended December 31, | (Millions of Dollars) | Operating revenues | Energy costs | Operating income | Net income | Total assets (e)(f) | Long-term debt (e) | Shareholder’s equity |"}
{"_id": "d893a246e", "title": "", "text": "Investment Income 2012 compared to 2011 The decrease in investment income in 2012 compared with 2011 was primarily caused by an $8 million decline in fair value adjustments and an $25 million decline in realized gains on sales of investments.\nThese declines were partially offset by an increase in interest income, largely due to having a higher average balance of interest-earning cash and investments in our portfolio in 2012 compared with 2011.2011 compared to 2010 The increase in investment income in 2011 compared with 2010 was caused by a combination of factors.\nDuring 2011, we realized $20 million in net gains on the sales of auction rate securities, preferred equity securities and an S&P 500 index fund, as well as a mark-to-market gain on investments.\nIn 2010, we recorded a $21 million impairment on certain asset-backed auction rate securities, which resulted from provisions that allowed the issuers of the securities to subordinate our holdings to newly-issued debt or to tender for the securities at less than their par value.\nAdditionally in 2010, we recorded an $8 million loss on the sale of auction rate securities.\nThe remaining change in investment income was caused by a lower yield earned on our invested assets; however, this was largely offset by a higher average balance of interest-earning investments in our portfolio.\nInterest Expense 2012 compared to 2011 Interest expense increased in 2012 compared with 2011, largely due to a higher average balance of debt outstanding, as well as a higher effective interest rate incurred on our debt.\nThe higher effective interest rate largely resulted from two factors: (1) having a greater proportion of fixed-rate debt outstanding relative to lower-yielding variable rate debt and (2) an increase in the interest rate indices underlying our variable-rate debt and swaps in 2012.\nAdditionally, interest expense increased in 2012 compared with 2011 due to unfavorable fair value adjustments on interest rate swaps that have not been designated as hedges, as well as the imputation of interest expense on the multiemployer pension withdrawal liability related to the New England Pension Fund."}
{"_id": "d8d44bbf0", "title": "", "text": "| RSUs PSUs | Numberof Shares | Nonvested January 1, 2018 | Granted | Vested | Forfeited | Nonvested December 31, 2018 |"}
{"_id": "d8f838acc", "title": "", "text": "| A.M. Best Standard & Poor's Moody's | Senior Notes | Long Term Notes |"}
{"_id": "d883a3be4", "title": "", "text": "| December 31, | 2015 | (millions, except percentages) | Cash and Cash Equivalents | Amount Available to be Borrowed Under Credit Facility-1 | Total Liquidity | Total Debt-2 | Total Shareholders' Equity | Ratio of Debt-to-Book Capital-3 |"}
{"_id": "d8577735e", "title": "", "text": "| 2017 $4.5 | 2018 | 2019 | 2020 | 2021 | 2021-2025 |"}
{"_id": "d8c93dce0", "title": "", "text": "We increased our gross profit by $163.5 million for the fiscal year ending September 30, 2011 as compared to the prior fiscal year, resulting in a 110 basis point expansion in gross profit margin to 43.7%.\nThis increase was principally the result of enhanced product mix, lower manufacturing costs as a result of higher factory utilization, and the aforementioned increase in net revenue.\nDuring fiscal 2011 we continued to benefit from higher contribution margins associated with the licensing and/ or sale of intellectual property.\nWe increased our gross profit by $138.6 million for the fiscal year ended October 1, 2010 as compared to the prior fiscal year, resulting in a 300 basis point expansion in gross profit margin to 42.6%.\nThis was principally the result of continued factory process and productivity enhancements, product end-to-end yield improvements, year-over-year material cost reductions, targeted capital expenditure investments and the aforementioned increase in net revenue.\nDuring fiscal 2010 we continued to benefit from higher contribution margins associated with the licensing and/ or sale of intellectual property."}
{"_id": "d8dde1fac", "title": "", "text": "| Portfolio by Type # of Properties # of Beds/ Units Revenue Percent of Total Revenues Real Estate Investments, at Cost Percent of Real Estate Investments Real Estate Investment Per Bed/Unit Number  of  Locations -1 | (Dollars in thousands) | Seniors Housing and Healthcare-Related Properties | Seniors housing communities | Skilled nursing facilities | Hospitals | MOBs-2 | Other properties | Total seniors housing and healthcare-related properties | Other Real Estate Investments | Loans receivable | Total |"}
{"_id": "d8f696c5a", "title": "", "text": "| Year Ended  December 28,  2003 Year Ended  December 29,  2002 Change | (In thousands) | Product revenue | Service revenue | Research revenue | Total revenue |"}
{"_id": "d888ccb84", "title": "", "text": "(a) Includes tax benefits associated with settlement of acquired entity tax contingencies.\nThe net operating loss carryforwards at December 31, 2016 and 2015 follow: Table 94: Net Operating Loss Carryforwards"}
{"_id": "d8ae38e68", "title": "", "text": "| 2013 2012 | Deferred acquisition  costs | (in millions) | Other long-term assets | Trade accounts payable and accrued expenses | Long-term liabilities | Total asset (liability) |"}
{"_id": "d8ca5499e", "title": "", "text": "| Dividend | Record Date | August 5, 2005 | November 4, 2005 | February 3, 2006 | May 5, 2006 | August 18, 2006 | November 3, 2006 | February 2, 2007 | May 4, 2007 | 2009 | Weighted average shares outstanding for basic net earnings per share | Effect of dilutive stock options and other equity awards | Weighted average shares outstanding for diluted net earnings per share |"}
{"_id": "d8e68d714", "title": "", "text": "| 2013 | Labor-related deemed claim -1 | Aircraft and facility financing renegotiations and rejections -2, -3 | Fair value of conversion discount -4 | Professional fees | Other | Total reorganization items, net | (Dollars in millions) | Long-term debt (including current portion) | Interest on debt* | Pension and other post retirement cash requirements | Capital lease obligations | Operating lease obligations | Purchase obligations not recorded on statement of financial position | Purchase obligations recorded on statement of financial position | Total contractual obligations |"}
{"_id": "d8e2518d0", "title": "", "text": "| Restricted Stock Units Granted | Vesting Period | One year | Two years | Five years | Total shares granted |"}
{"_id": "d86ada3e2", "title": "", "text": "2014 vs.  2013 Sales increased 9%, as higher volumes of 9% and favorable currency of 1% were partially offset by lower pricing of 1%.\nElectronics sales increased 8%, as higher delivery systems equipment sales and materials volumes of 8% and favorable currency of 1% were partially offset by lower pricing of 1%.\nPerformance Materials sales increased 10%, as higher volumes of 11% were partially offset by lower pricing of 1%.\nThe higher volumes were across all product lines and major regions.\nThe lower pricing was primarily due to unfavorable mix impacts.\nOperating income of $425.3 increased 32%, or $104.0, primarily from higher volumes of $93, lower operating costs of $31, and favorable currency impacts of $5, partially offset by unfavorable price and mix impacts of $26.\nOperating margin of 17.4% increased 310 bp, primarily due to improved loading and leverage from the higher volumes and improved cost performance, partially offset by the unfavorable pricing impacts.2013 vs.  2012 Sales decreased 3%, as lower volumes of 4% and lower pricing of 1% were partially offset by acquisitions of 2%.\nElectronics sales decreased 8%, as weaker materials volumes and equipment sales were partially offset by the acquisition of DA NanoMaterials.\nPerformance Materials sales increased 2%, as higher volumes of 4% were partially offset by lower pricing of 2%.\nThe increase in volumes was primarily due to strength in the automobile and U. S.  housing markets partially offset by weaker volumes to certain construction markets and marine coatings.\nThe lower pricing was primarily due to unfavorable mix impacts.\nOperating income of $321.3 decreased 25%, or $104.3, and operating margin of 14.3% decreased 400 bp, as 2012 included a gain on the previously held equity interest in DA NanoMaterials of $85.9.\nOn a non-GAAP basis, operating income of $321.3 decreased 5%, or $18.4, primarily from unfavorable price and mix impacts of $15, lower volumes of $9, and higher operating costs of $4 partially offset by higher acquisitions of $6 and favorable currency of $4.\nOperating margin decreased 30 bp, primarily due to lower volumes and unfavorable price mix."}
{"_id": "d87befc36", "title": "", "text": "| December 31, | (Dollars in thousands) | Technology | Private Equity | Life Sciences | Private Client Services | Premium Wine | All other sectors | Total nonaccrual loans |"}
{"_id": "d8a321ad4", "title": "", "text": "| In millions 2015 2016 2017 2018 2019 Thereafter | Maturities of long-term debt (a) | Debt obligations with right of offset (b) | Lease obligations | Purchase obligations (c) | Total (d) |"}
{"_id": "d8c8df884", "title": "", "text": "| Fiscal years ended October 31, | 2017 | In millions | Stock-based compensation expense from continuing operations | Income tax benefit | Stock-based compensation expense from continuing operations, net of tax | Stock-based compensation expense from discontinued operations |"}
{"_id": "d8b5c290e", "title": "", "text": "| Balance, November 3, 2007 $9,889 | Additions for tax positions of current year | Balance, November 1, 2008 | Additions for tax positions of current year | Balance, October 31, 2009 |"}
{"_id": "d8c783b66", "title": "", "text": "| September 30, | 2009 | (In millions) | Warranty liability, beginning of year | Warranties issued | Changes in liability for pre-existing warranties | Settlements made | Warranty liability, end of year |"}
{"_id": "d8125cce2", "title": "", "text": "10.\nGOODWILL AND OTHER PURCHASED INTANGIBLE ASSETS Goodwill HII performs impairment tests for goodwill as of November 30 of each year, or when evidence of potential impairment exists.\nGoodwill is tested for impairment between annual impairment tests if an event occurs or circumstances change that would more likely than not reduce the fair value of the Company’s reporting units below their carrying value.\nIn light of the adverse equity market conditions that began in the second quarter of 2011 and the resultant decline in industry market multiples and its market capitalization, the Company performed an interim goodwill impairment analysis as of September 30, 2011.\nThe analysis resulted in a $290 million non-cash goodwill impairment charge recorded in the Company’s Ingalls segment in 2011.\nDue to the complexities involved in determining the implied fair value of the goodwill of each reporting unit, the Company initially recorded a preliminary goodwill impairment charge of $300 million in the third quarter of 2011, which represented its best estimate of the impairment amount at the time of the filing of the Company’s third quarter report.\nThe goodwill impairment charge was later adjusted to $290 million in the fourth quarter of 2011, based on the final impairment analysis.\nThe goodwill at these businesses has no tax basis, and, accordingly, there was no tax benefit associated with recording the impairment charge.\nNo goodwill impairment was recognized at the Newport News segment, as the Company’s analysis indicated its fair value was in excess of its carrying value as of September 30, 2011.\nThe Company performed its annual goodwill impairment testing as of November 30, 2011, and determined that no further impairment was necessary, as the testing indicated the fair value of each reporting unit exceeded its corresponding carrying value.\nAccumulated goodwill impairment losses at December 31, 2011 and 2010, were $2,780 million and $2,490 million, respectively.\nThe accumulated goodwill impairment losses at December 31, 2011 and 2010, for Ingalls were $1,568 million and $1,278 million, respectively.\nThe accumulated goodwill impairment losses at both December 31, 2011 and 2010, for Newport News were $1,212 million.\nPrior to completing the second step related to the goodwill impairment charge in 2011, HII tested its purchased intangible assets and other long-lived assets for impairment, and the carrying values of these assets were determined not to be impaired.\nThe changes in the carrying amounts of goodwill during 2011 and 2010 were as follows:"}
{"_id": "d837f60d4", "title": "", "text": "| At December 31, 2017 | (Dollars in millions) | U.S. Reinsurance | International | Bermuda | Insurance | Total excluding A&E | A&E | Total including A&E | (Some amounts may not reconcile due to rounding.) | At December 31, 2016 | (Dollars in millions) | U.S. Reinsurance | International | Bermuda | Insurance | Total excluding A&E | A&E | Total including A&E | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8143a212", "title": "", "text": "| December 31 | 2006 | (In thousands) | Loans | Commercial, financial, agricultural, etc | Real estate: | Residential | Commercial | Construction | Consumer | Total loans | Leases | Commercial | Consumer | Total leases | Total loans and leases |"}
{"_id": "d877e0bf4", "title": "", "text": "| Location Size (square feet) Principal Usage | 333 S. Wabash Avenue Chicago, Illinois | 401 Penn Street Reading, Pennsylvania | 2405 Lucien Way Maitland, Florida | 40 Wall Street New York, New York | 1100 Ward Avenue Honolulu, Hawaii | 101 S. Phillips Avenue Sioux Falls, South Dakota | 600 N. Pearl Street Dallas, Texas | 675 Placentia Avenue Brea, California | 1249 S. River Road Cranbury, New Jersey | 4267 Meridian Parkway Aurora, Illinois |"}
{"_id": "d83b59fbe", "title": "", "text": "Concentrations Of Credit And Counterparty Credit Risk During fiscal 2012, Wal-Mart Stores, Inc.  and its affiliates (Wal-Mart) accounted for 22 percent of our consolidated net sales and 30 percent of our net sales in the U. S.  Retail segment.\nNo other customer accounted for 10 percent or more of our consolidated net sales.\nWalMart also represented 6 percent of our net sales in the International segment and 7 percent of our net sales in the Bakeries and Foodservice segment.\nAs of May 27, 2012, Wal-Mart accounted for 26 percent of our U. S.  Retail receivables, 5 percent of our International receivables, and 9 percent of our Bakeries and Foodservice receivables.\nThe five largest customers in our U. S.  Retail segment accounted for 54 percent of its fiscal 2012 net sales, the five largest customers in our International segment accounted for 26 percent of its fiscal 2012 net sales, and the five largest customers in our Bakeries and Foodservice segment accounted for 46 percent of its fiscal 2012 net sales.\nWe enter into interest rate, foreign exchange, and certain commodity and equity derivatives, primarily with a diversified group of highly rated counterparties.\nWe continually monitor our positions and the credit ratings of the counterparties involved and, by policy, limit the amount of credit exposure to any one party.\nThese transactions may expose us to potential losses due to the risk of nonperformance by these counterparties; however, we have not incurred a material loss.\nWe also enter into commodity futures transactions through various regulated exchanges.\nThe amount of loss due to the credit risk of the counterparties, should the counterparties fail to perform according to the terms of the contracts, is $19.5 million against which we do not hold collateral.\nUnder the terms of master swap agreements, some of our transactions require collateral or other security to support financial instruments subject to threshold levels of exposure and counterparty credit risk.\nCollateral assets are either cash or U. S.  Treasury instruments and are held in a trust account that we may access if the counterparty defaults."}
{"_id": "d8eed0796", "title": "", "text": "The 2011 and 2012 purchase price adjustments relate primarily to adjustments in taxes payable and deferred income taxes, including changes in the liability for unrecognized tax benefits.\nGoodwill Impairment Charges 2012 Charges We test our goodwill balances during the second quarter of each year for impairment, or more frequently if indicators are present or changes in circumstances suggest that impairment may exist.\nIn the second quarter of 2012, we performed our annual goodwill impairment test for all of our reporting units and concluded that the goodwill within our EMEA reporting unit was impaired and recorded a $3.602 billion ($3.579 billion after-tax) charge in the second quarter of 2012.\nWe finalized the second step of the EMEA goodwill impairment test during the third quarter of 2012, in accordance with ASC Topic 350, Intangibles -Goodwill and Other, and there were no adjustments to the charge upon finalization.\nIn the third quarter of 2012, we performed an interim goodwill impairment test and recorded a non-cash $748 million (pre- and after-tax) charge associated with our U. S.  Cardiac Rhythm Management (U. S.  CRM) reporting unit, primarily driven by the reduction in the estimated size of the U. S.  CRM market, related adjustments to our business and other competitive factors, which led to lower projected U. S.  CRM results compared to prior forecasts.\nWe finalized the second step of the U. S.  CRM goodwill impairment test during the fourth quarter of 2012, in accordance with ASC Topic 350, Intangibles -Goodwill and Other, and there were no adjustments to the charge upon finalization.\nNon-Vested Stock We value restricted stock awards and DSUs based on the closing trading value of our shares on the date of grant.\nInformation related to non-vested stock awards during 2012, 2011, and 2010 is as follows:"}
{"_id": "d8a7dd12c", "title": "", "text": "| (Thousands of Barrels per Day) 2003 2002 2001 | Gasoline | Distillates | Propane | Feedstocks and Special Products | Heavy Fuel Oil | Asphalt | TOTAL | Matching Buy/Sell Volumes included in above |"}
{"_id": "d8b14cc30", "title": "", "text": "| Shares Weighted-Average Exercise Price (per share) Weighted-Average Remaining Life (years) Aggregate Intrinsic Value | Options outstanding at January1, 2013 | Granted | Forfeited or expired | Exercised | Options outstanding at December 31, 2013 | Exercisable at December 31, 2013 | 2013 | Intrinsic value | Exercise proceeds | Income tax benefit |"}
{"_id": "d8dd410c0", "title": "", "text": "| December 31, | Subsidiaries | (In millions) | Metropolitan Life Insurance Company | Metropolitan Life Insurance Company | Metropolitan Life Insurance Company | Metropolitan Life Insurance Company | Total |"}
{"_id": "d8bda351a", "title": "", "text": "The following table summarizes information about Noble Energy’s stock options which were outstanding, and those which were exercisable, as of December 31, 2002."}
{"_id": "d89ba82da", "title": "", "text": "| Pensions Other Postretirement Benefits | (Millions) | Projected benefitobligation, January 1 | Service cost | Interest cost | Plan amendments | Actuarial losses (gains) | Benefits paid | Foreign currency translation adjustments | Other | Projectedbenefitobligation, December 31 | Market value of planassets, January 1 | Actual return on plan assets | Company contributions | Participant contributions | Benefits paid | Plan expenses and other-net | Foreign currency translation adjustments | Market value of planassets, December 31 | Funded Status | Amounts recognized in the Consolidated Balance Sheet: | Accounts payable and accrued liabilities | Accrued pensions | Other postretirement benefits | Net liabilityrecognized |"}
{"_id": "d8824509a", "title": "", "text": "| Cash $27,961 | Accounts receivable | Inventory | Property and equipment | Other tangible assets | Accrued taxes | Accounts payable and accrued expenses | Customer relationships | Business licenses | Trade names | Deferred taxes, net | Goodwill | Purchase Price |"}
{"_id": "d89813c32", "title": "", "text": "| Table 17 Long-term Debt by Major Currency December 31 | (Dollars in millions) | U.S. Dollar | Euro | British Pound | Japanese Yen | Australian Dollar | Canadian Dollar | Other | Total long-term debt |"}
{"_id": "d8e7eb868", "title": "", "text": "| 2015 2014 | (in thousands) | Trade accounts payable | Compensation and benefits | Third party processing expenses | Commissions to third parties | Accrued fees and assessment expenses | Other | $312,647 | Customer-related intangible assets | Acquired technology | Trademarks and trade names | Covenants-not-to-compete | Total estimated acquired intangible assets |"}
{"_id": "d87adb16a", "title": "", "text": "| Year ended December 31, | (in millions) | Stock-based compensation: | Restricted stock and RSUs | Long-term incentive plans to be funded by PNC | Total stock-based compensation | Outstanding at | December 31, 2013 | Granted | Converted | Forfeited | December 31, 2014-1 |"}
{"_id": "d88c886ec", "title": "", "text": "| In millions of dollars 2009 2008 2007 2006 2005 | Citicorp | Citi Holdings | Total non-accrual loans (NAL) | Corporate non-accrual loans-1 | North America | EMEA | Latin America | Asia | $13,545 | Citicorp | Citi Holdings | $13,545 | Consumer non-accrual loans-1 | North America | EMEA | Latin America | Asia | $18,639 | Citicorp | Citi Holdings | $18,639 |"}
{"_id": "d8bbd0562", "title": "", "text": "| Year ended December 31, | 2018 | (in millions) | Segment impacts of intercompany arrangements: | International Insurance | PGIM | Retirement-1 | Impact of intercompany arrangements-2 | Corporate and Other operations: | Impact of intercompany arrangements-2 | Settlement gains (losses) on forward currency contracts(3) | Net benefit (detriment) to Corporate and Other operations | Net impact on consolidated revenues and adjusted operating income | Year ended December 31, | 2018 | (in millions) | Operating results: | Capital debt interest expense | Investment income, net of operating debt interest expense | Pension and employee benefits | Other corporate activities-1 | Adjusted operating income | Realized investment gains (losses), net, and related adjustments | Related charges | Divested and Run-off Businesses | Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests | Income (loss) before income taxes and equity in earnings of operating joint ventures | December 31, 2018 | PrudentialInsurance | (in billions) | Cash and short-term investments | Fixed maturity investments-1: | High or highest quality | Other than high or highest quality | Subtotal | Public equity securities, at fair value | Total | December 31, 2018 | Prudentialof Japan | (in billions) | Cash and short-term investments | Fixed maturity investments-3: | High or highest quality-4 | Other than high or highest quality | Subtotal | Public equity securities | Total |"}
{"_id": "d8e4ea3f8", "title": "", "text": "| In millions 2005 2004 2003 | Sales | Operating Profit |"}
{"_id": "d8ab4af12", "title": "", "text": "Leveraged Loans Certain loans in the Corporation's commercial portfolio are considered leveraged transactions.\nThese loans are typically used for mergers, acquisitions, business recapitalizations, refinancing and equity buyouts.\nTo help mitigate the risk associated with these loans, the Corporation focuses on middle market companies with highly capable management teams, strong sponsors and solid track records of financial performance.\nIndustries prone to cyclical downturns and acquisitions with a high degree of integration risk are generally avoided.\nOther considerations include the sufficiency of collateral, the level of balance sheet leverage and the adequacy of financial covenants.\nDuring the underwriting process, cash flows are stress tested to evaluate the borrowers' abilities to handle economic downturns and an increase in interest rates.\nThe FDIC defines higher-risk commercial and industrial (HR C&I) loans for assessment purposes as loans generally with leverage of four times total debt to earnings before interest, taxes and depreciation (EBITDA) as well as three times senior debt to EBITDA, excluding certain collateralized loans.\nHR C&I loans were $2.5 billion and $2.7 billion at December 31, 2018 and 2017, respectively.\nCriticized loans within the HR C&I loan portfolio were $147 million and $284 million at December 31, 2018 and 2017, respectively.\nCharge-offs of HR C&I loans totaled $15 million in 2018 and $9 million in 2017."}
{"_id": "d87a1de12", "title": "", "text": "Open interest is the aggregate number of contracts (long or short) that clearing members hold either for their own account or on behalf of their clients.\nOpen interest refers to the total number of contracts that are currently open — in other words, contracts that have been traded but not yet liquidated by either an offsetting trade, exercise, expiration or assignment.\nOpen interest is also a measure of the future activity remaining to be closed out in terms of the number of contracts that members and their clients continue to hold in the particular contract and by the number of contracts held for each contract month listed by the exchange.\nThe following charts and table presents our year-end open interest for our futures and options contracts (in thousands, except for"}
{"_id": "d8cb62bd8", "title": "", "text": "| Business Segment Major Products | Industrial and Transportation | Health Care | Display and Graphics | Consumer and Office | Safety, Security and Protection Services | Electro and Communications | Net Sales | (Millions) | Industrial and Transportation | Health Care | Display and Graphics | Consumer and Office | Safety, Security and Protection Services | Electro and Communications | Corporate and Unallocated | Total Company | Assets | (Millions) | Industrial and Transportation | Health Care | Display and Graphics | Consumer and Office | Safety, Security and Protection Services | Electro and Communications | Corporate and Unallocated | Total Company |"}
{"_id": "d86abb3ca", "title": "", "text": "| 2007 2006 | Years ended December 31, (In millions) | Foreign exchange products | Interest-rate products |"}
{"_id": "d8a2c359c", "title": "", "text": "| Years Ended December 31, | 2014 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d896b9eae", "title": "", "text": "Impaired commercial mortgage and other loans with no allowance for losses are loans in which the fair value of the collateral or the net present value of the loans expected future cash flows equals or exceeds the recorded investment.\nThe average recorded investment in impaired loans before allowance for losses was $750 million for 2010.\nNet investment income recognized on these loans totaled $35 million for the year ended December 31, 2010.\nSee Note 2 for information regarding the Companys accounting policies for commercial mortgage and other loans.\nNon-performing commercial mortgage and other loans with no allowance for losses are loans in which the fair value of the collateral or the net present value of the loans expected future cash flows equals or exceeds the recorded investment.\nThe average recorded investment in non-performing loans before allowance for losses was $835 million for 2009.\nNet investment income recognized on these loans totaled $47 million for 2009.\nSee Note 2 for information regarding the Companys accounting policies for commercial mortgage and other loans.\nThe net carrying value of commercial loans held for sale by the Company as of December 31, 2010 and 2009 was $136 million and $124 million, respectively.\nAs of December 31, 2010 and 2009, all of the Companys commercial loans held for sale were collateralized, with collateral primarily consisting of office buildings, retail stores, apartment complexes and industrial buildings.\nIn certain transactions, the Company prearranges that it will sell the loan to an investor.\nAs of December 31, 2010 and 2009, $136 million and $113 million, respectively, of loans held for sale are subject to such arrangements.\nThe following tables set forth the credit quality indicators as of December 31, 2010, based upon the recorded investment gross of allowance for credit losses.\nCommercial mortgage loansIndustrial buildings"}
{"_id": "d86023ac0", "title": "", "text": "| Fiscal Years Ended | April 3,   2010 | (millions) | Net revenues: | United States and Canada | Europe | Asia(a) | Other regions | Total net revenues |"}
{"_id": "d8366a0b2", "title": "", "text": "Other Income and Expense Other income and expense for the three fiscal years ended September 27, 2008, are as follows (in millions):\nTotal other income and expense increased $21 million to $620 million during 2008 as compared to $599 million and $365 million in 2007 and 2006, respectively.\nWhile the Companys cash, cash equivalents and short-term investment balances increased by 59% in 2008, other income and expense increased only 4% due to the decline in the weighted average interest rate earned of 3.44%.\nThe overall increase in other income and expense is attributable to the Companys higher cash and short-term investment balances, which more than offset the decline in interest rates during 2008 as compared to 2007.\nThe weighted average interest rate earned by the Company on its cash, cash equivalents, and short-term investments was 5.27% and 4.58% during 2007 and 2006, respectively.\nDuring 2008, 2007 and 2006, the Company had no debt outstanding and accordingly did not incur any related interest expense."}
{"_id": "d87208074", "title": "", "text": "| Year Ended or At December 31 | (in thousands, except notional value) | Average Daily Volume: | Product Lines: | Interest rate | Equity | Foreign exchange | Agricultural commodity | Energy | Metal | Total Average Daily Volume | Method of Trade: | Electronic | Open outcry | Privately negotiated | CME ClearPort | Total Average Daily Volume | Other Data: | Total Notional Value (in trillions) | Total Trading Volume (round turn trades) | Open Interest at Year End (contracts) |"}
{"_id": "d88852276", "title": "", "text": "Regulatory Requirements Restrictions on the transfer of funds exist under regulatory requirements applicable to certain of the Company’s subsidiaries.\nAt December 31, 2010, the aggregate amount of unrestricted net assets was approximately $2.4 billion.\nThe National Association of Insurance Commissioners (‘‘NAIC’’) defines Risk-Based Capital (‘‘RBC’’) requirements for insurance companies.\nThe RBC requirements are used by the NAIC and state insurance regulators to identify companies that merit regulatory actions designed to protect policyholders.\nThese requirements apply to both the Company’s life and property casualty insurance companies.\nIn addition, IDS Property Casualty is subject to the statutory surplus requirements of the State of Wisconsin.\nThe Company’s life and property casualty companies each met their respective minimum RBC requirements.\nState insurance statutes also contain limitations as to the amount of dividends and distributions that insurers may make without providing prior notification to state regulators.\nFor RiverSource Life, dividends or distributions in excess of statutory unassigned surplus, as determined in accordance with accounting practices prescribed by the State of Minnesota, require advance notice to the Minnesota Department of Commerce, RiverSource Life’s primary regulator, and are subject to potential disapproval.\nIn addition, dividends whose fair market value, together with that of other dividends or distributions made within the preceding 12 months, exceeds the greater of (i) the previous year’s statutory net gain from operations or (ii) 10% of the previous year-end statutory capital and surplus are referred to as ‘‘extraordinary dividends.\n’’ Extraordinary dividends also require advance notice to the Minnesota Department of Commerce, and are subject to potential disapproval.\nGovernment debt securities of $6 million and $7 million at December 31, 2010 and 2009, respectively, held by the Company’s life insurance subsidiaries were on deposit with various states as required by law and satisfied legal requirements.\nStatutory capital and surplus for RiverSource Life were $3.7 billion, $3.4 billion and $2.5 billion for the years ended December 31, 2010, 2009 and 2008, respectively.\nAmeriprise Certificate Company (‘‘ACC’’) is registered as an investment company under the Investment Company Act of 1940 (the ‘‘1940 Act’’).\nACC markets and sells investment certificates to clients.\nACC is subject to various capital requirements under the 1940 Act, laws of the State of Minnesota and understandings with the Securities and Exchange"}
{"_id": "d863d0060", "title": "", "text": "Owned and leased hotel expenses decreased during the year ended December 31, 2016 compared to the year ended December 31, 2015 primarily as a result of the effect of foreign currency changes and property disposals.\nForeign currency changes accounted for $65 million of the decrease.\nOn a currency neutral basis, owned and leased hotel expenses decreased $54 million, primarily as a result of the decrease in expenses of $66 million from properties disposed between January 1, 2015 and December 31, 2016."}
{"_id": "d8f838bc6", "title": "", "text": "| Years Ended December 31, 2015/2014 2014/2013 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (NM, not meaningful) | (Some amounts may not reconcile due to rounding.) | At December 31, | (Dollars in millions) | U.S. Reinsurance | International | Bermuda | Mt. Logan | Total | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8f2486ee", "title": "", "text": "| 2005 2004 2003 Change 2004–2005 | (Dollars in millions) | Years Ended December 31, | Salaries and employee benefits | Information systems and communications | Transaction processing services | Occupancy | Merger, integration and divestiture | Restructuring | Other | Total operating expenses | Number of employees at year-end |"}
{"_id": "d85dd9af8", "title": "", "text": "| 25 Basis Point Increase 25 Basis Point Decrease | Pension Plans | Discount Rate: | Effect on net periodic benefit cost | Effect on projected benefit obligation | Return on Assets: | Effect on net periodic benefit cost | Postretirement Medical Plans | Discount Rate: | Effect on net periodic benefit cost | Effect on projected benefit obligation | Health Care Cost Trend Rate: | Effect on net periodic benefit cost | Effect on projected benefit obligation |"}
{"_id": "d885c44be", "title": "", "text": "H&R BLOCK BANK  In March 2006, the Office of Thrift Supervision (OTS) approved the charter of HRB Bank, which commenced operations on May 1, 2006.\nOperations of HRB Bank are primarily focused on providing limited retail banking services to tax clients of H&R Block.\nHRB Bank offers the H&R Block Prepaid Emerald MasterCard?\nand Emerald Advance lines of credit through our Tax Services segment, and also holds certain FDIC-insured deposits for customers of HRBFA.\nIn fiscal years 2008 and 2007, HRB Bank purchased mortgage loans primarily from OOMC and H&R Block Mortgage Corporation (HRBMC).\nAlthough HRB Bank no longer intends to purchase mortgage loans, it continues to hold mortgage loans for investment purposes.\nHRB Bank had mortgage loans held for investment of $966.3 million and $1.4 billion at April 30, 2008 and 2007, respectively.\nHRB Bank earns interest income on mortgage loans held for investment and other investments and bank card transaction fees on the use of debit cards and fees from the use of ATM networks.\nHRB Bank is dependent upon H&R Block and its affiliates for shared administrative services.\nA significant portion of HRB Banks deposit base includes deposits relating to the business of affiliates.\nThe information required by the SECs Industry Guide 3, Statistical Disclosure by Bank Holding Companies, is included in Item 7.\ndiscontinued operations, which incurred significant losses in fiscal years 2008 and 2007.\nThe data set forth below should be read in conjunction with Item 7 and our consolidated financial statements in Item 8."}
{"_id": "d8ed98ac2", "title": "", "text": "Financing Activities Our cash flows from financing activities reflect issuances and repayments of debt, proceeds from stock issuances related to our equity incentive programs and repurchases of common stock pursuant to our authorized repurchase programs, discussed in Note L—Stockholders’ Equity to our consolidated financial state\text{ments included in Item 8 of this Annual Report.\nAdditionally, our financing activities included $156 million of contingent payments in 2015, $34 million of payments in 2014 and $160 million of payments in 2013 associated with our previous acquisitions.\nOur liquidity plans are subject to a number of risks and uncertainties, including those described in Item 1A.\nRisk Factors of this Annual Report, some of which are outside our control.\nMacroeconomic conditions, adverse litigation outcomes and other risk and uncertainties could limit our ability to successfully execute our business plans and adversely affect our liquidity plans."}
{"_id": "d8e1b1cf4", "title": "", "text": "The fair value of long-term debt was determined based upon quoted market prices for the same or similar debt issues."}
{"_id": "d877bdca8", "title": "", "text": "| Year ended December 31, 2007 Year ended December 31, 2006 | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Investment income after investment expenses | Investment results of other entities and operations-2 | Total investment income |"}
{"_id": "d89a56f26", "title": "", "text": "| Plan Category (a)Number of securities to be issued upon exercise of outstanding options,warrants and rights (b)Weighted-average exerciseprice of outstandingoptions, warrants andrights (c)Number of securitiesremaining available forfuture issuance underequity compensation plans(excluding securitiesreflected in column (a)) | Equity compensation plans approved by security holders-1 | Options | Restricted Stock Units (RSUs)/Performance Stock Units (PSUs) | Equity compensation plans not approved by security holders-3 | Options | GRAND TOTAL |"}
{"_id": "d86322122", "title": "", "text": "ONEOK Partners commodity price risk is estimated as a hypothetical change in the price of NGLs, crude oil and natural gas at December 31, 2008, excluding the effects of hedging and assuming normal operating conditions.\nONEOK Partners condensate sales are based on the price of crude oil.\nONEOK Partners estimates the following: ?\na $0.01 per gallon decrease in the composite price of NGLs would decrease annual net margin by approximately $1.2 million; ?\na $1.00 per barrel decrease in the price of crude oil would decrease annual net margin by approximately $1.0 million; and ?\na $0.10 per MMBtu decrease in the price of natural gas would decrease annual net margin by approximately $0.6 million.\nThe above estimates of commodity price risk do not include any effects on demand for its services that might be caused by, or arise in conjunction with, price changes.\nFor example, a change in the gross processing spread may cause a change in the amount of ethane extracted from the natural gas stream, impacting gathering and processing margins, NGL exchange revenues, natural gas deliveries, and NGL volumes shipped and fractionated.\nONEOK Partners is also exposed to commodity price risk primarily as a result of NGLs in storage, the relative values of the various NGL products to each other, the relative value of NGLs to natural gas and the relative value of NGL purchases at one location and sales at another location, known as basis risk.\nONEOK Partners utilizes fixed-price physical forward contracts to reduce earnings volatility related to NGL price fluctuations.\nONEOK Partners has not entered into any financial instruments with respect to its NGL marketing activities.\nIn addition, ONEOK Partners is exposed to commodity price risk as its natural gas interstate and intrastate pipelines collect natural gas from its customers for operations or as part of its fee for services provided.\nWhen the amount of natural gas consumed in operations by these pipelines differs from the amount provided by its customers, the pipelines must buy or sell natural gas, or store or use natural gas from inventory, which exposes ONEOK Partners to commodity price risk.\nAt December 31, 2008, there were no hedges in place with respect to natural gas price risk from ONEOK Partners natural gas pipeline business.\nDistribution  Our Distribution segment uses derivative instruments to hedge the cost of anticipated natural gas purchases during the winter heating months to protect their customers from upward volatility in the market price of natural gas.\nGains or losses associated with these derivative instruments are included in, and recoverable through, the monthly purchased gas cost mechanism.\nEnergy Services  Our Energy Services segment is exposed to commodity price risk, basis risk and price volatility arising from natural gas in storage, requirement contracts, asset management contracts and index-based purchases and sales of natural gas at various market locations.\nWe minimize the volatility of our exposure to commodity price risk through the use of derivative instruments, which, under certain circumstances, are designated as cash flow or fair value hedges.\nWe are also exposed to commodity price risk from fixed-price purchases and sales of natural gas, which we hedge with derivative instruments.\nBoth the fixed-price purchases and sales and related derivatives are recorded at fair value."}
{"_id": "d873cd490", "title": "", "text": "| Year Ended | September 30, 2007 | ($ in 000's) | Revenues | Investment Advisory Fees | Other | Total Revenues | Expenses | Compensation Expense | Other Expenses | Total Expenses | Minority Interest | Pre-tax Earnings |"}
{"_id": "d860d8998", "title": "", "text": "| 2003 Entergy  Arkansas Entergy  Gulf States Entergy  Louisiana Entergy  Mississippi Entergy  New Orleans System  Energy | (In Thousands) | Computed at statutory rate -35% | Increases (reductions) in tax | resulting from: | State income taxes net of | federal income tax effect | Regulatory differences - | utility plant items | Amortization of investment | tax credits | Flow-through/permanent | differences | Benefit of Entergy Corp. expenses | Other -- net | Total income taxes | Effective Income Tax Rate |"}
{"_id": "d88f7b8b8", "title": "", "text": "| In millions December 312013 December 312012 | Other real estate owned (OREO): | Residential properties | Residential development properties | Commercial properties | Total OREO | Foreclosed and other assets | Total OREO and foreclosed assets |"}
{"_id": "d8373b1b2", "title": "", "text": "REPUBLIC SERVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) total notional value of $210.0 million, matured in August 2011.\nThis maturity was identical to our unsecured notes that also matured in August 2011.\nUnder the swap agreements, we paid interest at floating rates based on changes in LIBOR and received interest at a fixed rate of 6.75%.\nWe reduced interest expense by $5.4 million and $8.5 million due to periodic settlements of active swap agreements during years ended December 31, 2011 and 2010.\nAt December 31, 2012 and 2011 we had no interest rate swap agreements outstanding.\nFrom time to time, we enter into treasury and interest rate locks to manage exposure to fluctuations in interest rates in anticipation of future debt issuances.\nThese transactions are accounted for as a cash flow hedges.\nAs of December 31, 2012 and 2011, no interest rate lock cash flow hedges were outstanding.\nDuring the second quarter 2012, we entered into a number of interest rate lock agreements having an aggregate notional amount of $200.0 million with fixed interest rates approximating 2.20% to manage exposure to fluctuations in interest rates in anticipation of the planned issuance of the 3.550% Notes.\nUpon issuance of the 3.550% Notes, we terminated the interest rate locks and paid $4.8 million to the counterparties.\nThe effective portion of the interest rate locks, recorded as a component of accumulated other comprehensive income, was $4.7 million, or $2.7 million net of tax.\nDuring the first and second quarters of 2011, we entered into a number of interest rate lock agreements having an aggregate notional amount of $725.0 million with fixed interest rates ranging from 3.10% to 4.61% to manage exposure to fluctuations in interest rates in anticipation of the planned issuance of the 2011 Notes.\nUpon issuance of the 2011 Notes, we terminated the interest rate locks and paid $36.5 million to the counterparties.\nThe effective portion of the interest rate locks, recorded as a component of accumulated other comprehensive income, was $36.2 million, or $21.2 million net of tax.\nDuring the first quarter of 2010, we entered into interest rate lock agreements having an aggregate notional amount of $500.0 million to hedge interest rates in connection with the issuance of the 2010 Notes.\nUpon issuance of these notes, we terminated the interest rate locks and paid approximately $7.0 million to the counterparties.\nThe effective portion of the interest rate locks, recorded as a component of accumulated other comprehensive income, was $6.4 million or $3.7 million net of tax.\nAs of December 31, 2012 and December 31, 2011, the effective portion of the interest rate locks, recorded as a component of accumulated other comprehensive income, was $24.6 million and $23.2 million, respectively.\nThe effective portion of the interest rate locks will be amortized as an adjustment to interest expense over the life of the issued debt using the effective interest rate method.\nWe expect to amortize $2.5 million over the next twelve months as a yield adjustment to our senior notes.\nThe effective portion of the interest rate locks amortized as a net increase to interest expense during the years ended December 31, 2012, 2011 and 2010 was $2.2 million, $1.4 million and $0.4 million, respectively."}
{"_id": "d88caa42c", "title": "", "text": "| 2017 2016 | Income taxes recovered through rates | Removal costs recovered through rates | Pension and other postretirement benefit balancing accounts | Other | Total Regulatory Liabilities |"}
{"_id": "d88d34e74", "title": "", "text": "| December 31, | 2012 | (in millions) | PSU expense before income tax | Tax benefit | PSU expense, net of tax | Total value of PSUs converted-1 | Total fair value of PSUs vested |"}
{"_id": "d8ea8bdd4", "title": "", "text": "| (Dollars in thousands, except per share amounts) 2005 | Net loss | Pro forma | Earnings per share - basic | Pro forma | Earnings per share - diluted | Pro forma |"}
{"_id": "d8b6bd4bc", "title": "", "text": "The U. S.  dollar-denominated excess is composed of (i) unencumbered U. S.  government and federal agency obligations (including highly liquid U. S.  federal agency mortgage-backed obligations), all of which are eligible as collateral in Federal Reserve open market operations and (ii) certain overnight U. S.  dollar cash deposits.\nThe nonU.\nS.  dollar-denominated excess is composed of only unencumbered German, French, Japanese and United Kingdom government obligations and certain overnight cash deposits in highly liquid currencies.\nWe strictly limit our excess liquidity to this narrowly defined list of securities and cash because they are highly liquid, even in a difficult funding environment.\nWe do not include other potential sources of excess liquidity, such as less liquid unencumbered securities or committed credit facilities, in our GCE.\nTHE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements ° Discounted cash flow techniques; and ° Third-party appraisals.\nThe firm also considers changes in the outlook for the relevant industry and financial performance of the issuer as compared to projected performance.\nSignificant inputs include: ° Market and transaction multiples; ° Discount rates, growth rates and capitalization rates; and ° For equity instruments with debt-like features, market yields implied by transactions of similar or related assets, current performance and recovery assumptions, and duration.\nOther Cash Instruments.\nOther cash instruments consists of non-U.\nS.  government and agency obligations, state and municipal obligations, and other debt obligations.\nSignificant inputs are generally determined based on relative value analyses, which incorporate comparisons both to prices of credit default swaps that reference the same or similar underlying instrument or entity and to other debt instruments for the same issuer for which observable prices or broker quotations are available.\nSignificant inputs include: ° Market yields implied by transactions of similar or related assets and/or current levels and trends of market indices; ° Current performance and recovery assumptions and, where the firm uses credit default swaps to value the related cash instrument, the cost of borrowing the underlying reference obligation; and ° Duration.\nFair Value of Cash Instruments by Level The tables below present cash instrument assets and liabilities at fair value by level within the fair value hierarchy.\nIn the tables below: ° Cash instrument assets and liabilities are included in Financial instruments owned, at fair value and Financial instruments sold, but not yet purchased, at fair value, respectively.\n° Cash instrument assets are shown as positive amounts and cash instrument liabilities are shown as negative amounts."}
{"_id": "d871ce4b4", "title": "", "text": "U. S.  sales were $4,603.1 million, $4,541.3 million, and $3,447.2 million for the years ended December 31, 2017, 2016 and 2015, respectively.\nSales within any other individual country were less than 10 percent of our consolidated sales in each of those years.\nSales are attributable to a country based upon the customer’s country of domicile.\nNet sales by product category are as follows (in millions):"}
{"_id": "d8e675bc8", "title": "", "text": "December 31,"}
{"_id": "d89e3c726", "title": "", "text": "| Payments Due by Period | Contractual Obligation | Operating leases | Total |"}
{"_id": "d89aed4a8", "title": "", "text": "| Derivatives gains/(losses)recorded in income | Year ended December 31,(in millions) | Contract type | Interest rate(a) | Credit(b) | Foreign exchange(c) | Total |"}
{"_id": "d8a02a0b0", "title": "", "text": "| Year Ended December 31, | (in millions) | Interest income | Foreign currency losses | Net gains (losses) on investments | Other expense, net | $-39 |"}
{"_id": "d830e507e", "title": "", "text": "| December 31, Variance 2007 vs. 2006 | 2007 | Total assets | Total enterprise interest-earning assets | Loans, net and margin receivables as a percentage of enterprise interest-earning assets-1 | Retail deposits and customer payables as a percentage of enterprise interest-bearing liabilities-1 |"}
{"_id": "d8181896a", "title": "", "text": "| $ in millions 2009 2008 2007 | Net cash (used in)/provided by: | Operating activities | Investing activities | Financing activities | Increase/(decrease) in cash and cash equivalents | Foreign exchange | Cash and cash equivalents, beginning of period | Cash and cash equivalents, end of period |"}
{"_id": "d8786d0d6", "title": "", "text": "DISCONTINUED OPERATIONS Due to a portfolio evaluation in the first half of 2016, management decided to pursue a strategic shift of its distribution companies in Brazil, Sul and Eletropaulo, to reduce the Company's exposure to the Brazilian distribution market.\nEletropaulo — In November 2017, Eletropaulo converted its preferred shares into ordinary shares and transitioned the listing of those shares into the Novo Mercado, which is a listing segment of the Brazilian stock exchange with the highest standards of corporate governance.\nUpon conversion of the preferred shares into ordinary shares, AES no longer controlled Eletropaulo, but maintained significant influence over the business.\nAs a result, the Company deconsolidated Eletropaulo.\nAfter deconsolidation, the Company's 17% ownership interest is reflected as an equity method investment.\nThe Company recorded an after-tax loss on deconsolidation of $611 million, which primarily consisted of $455 million related to cumulative translation losses and $243 million related to pension losses reclassified from AOCL.\nIn December 2017, all the remaining criteria were met for Eletropaulo to qualify as a discontinued operation.\nTherefore, its results of operations and financial position were reported as such in the consolidated financial statements for all periods presented.\nEletropaulo's pre-tax loss attributable to AES, including the loss on deconsolidation, for the years ended December 31, 2017 and 2016 was $633 million and $192 million, respectively.\nEletropaulo's pre-tax income attributable to AES for the year ended December 31, 2015 was $73 million.\nPrior to its classification as discontinued operations, Eletropaulo was reported in the Brazil SBU reportable segment.\nSul — The Company executed an agreement for the sale of Sul, a wholly-owned subsidiary, in June 2016.\nThe results of operations and financial position of Sul are reported as discontinued operations in the consolidated financial statements for all periods presented.\nUpon meeting the held-for-sale criteria, the Company recognized an after-tax loss of $382 million comprised of a pre-tax impairment charge of $783 million, offset by a tax benefit of $266 million related to the impairment of the Sul long lived assets and a tax benefit of $135 million for deferred taxes related to the investment in Sul.\nPrior to the impairment charge, the carrying value of the Sul asset group of $1.6 billion was greater than its approximate fair value less costs to sell.\nHowever, the impairment charge was limited to the carrying value of the long lived assets of the Sul disposal group.\nOn October 31, 2016, the Company completed the sale of Sul and received final proceeds less costs to sell of $484 million, excluding contingent consideration.\nUpon disposal of Sul, the Company incurred an additional after-tax"}
{"_id": "d8df14d2a", "title": "", "text": "| December 31, 2012(in millions) Effect on Loss Reserves Effect on Loss Reserves | Loss cost trends: | Excess casualty: | 5 percent increase | 5 percent decrease | D&O: | 26.5 percent increase | 25.5 percent decrease | Excess workers' compensation: | 5 percent increase | 5 percent decrease | Primary workers' compensation(a): | 6.9 percent increase | 3.1 percent decrease |"}
{"_id": "d8c63156a", "title": "", "text": "| U.S. Plans Years Ended March 31, Non-U.S. Plans Years Ended March 31, | 2018 | Net periodic pension expense | Discount rates | Rate of increase in compensation | Expected long-term rate of return on plan assets | Benefit obligation | Discount rates | Rate of increase in compensation |"}
{"_id": "d8ef19536", "title": "", "text": "The decrease in cash flow (as defined) in 2013 compared to 2012 was due primarily to higher capital expenditures.\nThe increase in cash flow in 2012 compared to 2011 was driven by improved performance in working capital resulting from the one-time benefit derived from the Pringles acquisition, as well as changes in the level of capital expenditures during the three-year period.\nInvesting activities Our net cash used in investing activities for 2013 amounted to $641 million, a decrease of $2,604 million compared with 2012 primarily attributable to the $2,668 million acquisition of Pringles in 2012.\nCapital spending in 2013 included investments in our supply chain infrastructure, and to support capacity requirements in certain markets, including Pringles.\nIn addition, we continued the investment in our information technology infrastructure related to the reimplementation and upgrade of our SAP platform.\nNet cash used in investing activities of $3,245 million in 2012 increased by $2,658 million compared with 2011, due to the acquisition of Pringles in 2012.\nCash paid for additions to properties as a percentage of net sales has increased to 4.3% in 2013, from 3.8% in 2012, which was a decrease from 4.5% in 2011.  Financing activities Our net cash used by financing activities was $1,141 million for 2013, compared to net cash provided by financing activities of $1,317 million for 2012 and net cash used in financing activities of $957 million for 2011.\nThe increase in cash provided from financing activities in 2012 compared to 2013 and 2011, was primarily due to the issuance of debt related to the acquisition of Pringles.\nTotal debt was $7.4 billion at year-end 2013 and $7.9 billion at year-end 2012.\nIn February 2013, we issued $250 million of two-year floating-rate U. S.  Dollar Notes, and $400 million of ten-year 2.75% U. S.  Dollar Notes, resulting in aggregate net proceeds after debt discount of $645 million.\nThe proceeds from these Notes were used for general corporate purposes, including, together with cash on hand, repayment of the $750 million aggregate principal amount of our 4.25% U. S.  Dollar Notes due March 2013.\nIn May 2012, we issued $350 million of three-year 1.125% U. S.  Dollar Notes, $400 million of five-year 1.75% U. S.  Dollar Notes and $700 million of ten-year 3.125% U. S.  Dollar Notes, resulting in aggregate net proceeds after debt discount of $1.442 billion.\nThe proceeds of these Notes were used for general corporate purposes, including financing a portion of the acquisition of Pringles.\nIn May 2012, we issued Cdn.\n$300 million of two-year 2.10% fixed rate Canadian Dollar Notes, using the proceeds from these Notes for general corporate purposes, which included repayment of intercompany debt.\nThis repayment resulted in cash available to be used for a portion of the acquisition of Pringles.\nIn December 2012, we repaid $750 million five-year 5.125% U. S.  Dollar Notes at maturity with commercial paper.\nIn April 2011, we repaid $945 million ten-year 6.60% U. S.  Dollar Notes at maturity with commercial paper.\nIn May 2011, we issued $400 million of seven-year 3.25% fixed rate U. S.  Dollar Notes, using the proceeds of $397 million for general corporate purposes and repayment of commercial paper.\nIn November 2011, we issued $500 million of five-year 1.875% fixed rate U.  S.  Dollar Notes, using the proceeds of $498 million for general corporate purposes and repayment of commercial paper.\nNet gains on derivative instruments were $38.7 million in 2011, compared to net gains of $9.5 million in 2010 and net losses of $0.8 million in 2009.\nThe increase of $29.2 million in 2011 was primarily due to the following: Net gains on equity warrant assets of $37.4 million in 2011, compared to net gains of $6.6 million in 2010.\nThe net gains of $37.4 million in 2011 reflect the strength of IPO and M&A activity within the technology industry.\nThese gains were driven by gains of $21.4 million from valuation increases in our equity warrant assets and gains of $17.9 million from the exercise of equity warrant assets, partially offset by losses of $1.8 million from warrant cancellations and expirations.  ?\nNet gains of $2.0 million on foreign exchange forward contracts hedging our foreign currency denominated loans in 2011, compared to net gains of $0.7 million in 2010.\nThe net gains of $2.0 million in 2011 were primarily due to the strengthening of the U. S.  dollar against the Pound Sterling and Euro, and were partially offset by net losses of $1.8 million from the revaluation of foreign currency denominated loans that are included in the line item Other as part of noninterest income (as discussed below).\nThe increase of $10.3 million in 2010 was primarily due to the following: Net gains on equity warrant assets of $6.6 million in 2010, compared to net losses of $0.1 million in 2009.\nThe net gains of $6.6 million in 2010 were primarily driven by gains of $5.5 million from the exercise of equity warrant assets and gains of $4.5 million from valuation increases in our equity warrant assets, partially offset by losses of $3.5 million from warrant cancellations and expirations.  ?\nNet gains from foreign exchange forward contracts hedging our foreign currency denominated loans of $0.7 million, compared to net losses of $2.3 million in 2009.\nThe net gains of $0.7 million in 2010 were primarily due to the strengthening of the U. S.  dollar against the Pound Sterling and Euro, and were partially offset by net losses of $0.4 million from revaluation of foreign currency denominated loans that are included in the line item Other as part of noninterest income.\nCredit Card Fees Credit card fees were $18.7 million in 2011, compared to $12.7 million in 2010 and $9.3 million in 2009.\nThe increases were primarily due to the addition of new credit card clients, as well as an increase in client activity.\nClient Investment Fees We offer a variety of investment products on which we earn fees.\nThese products include money market mutual funds, overnight repurchase agreements, sweep money market funds and fixed income securities available through client-directed accounts offered through SVB Securities, our broker dealer subsidiary, and fixed income management services offered through SVB Asset Management, our investment advisory subsidiary.\nClient investment fees were $12.4 million in 2011, compared to $18.0 million in 2010 and $21.7 million in 2009.\nThe decreases were primarily attributable to lower margins earned on certain products owing to historically low rates in the short-term fixed income markets.\nIn 2011, this decrease was partially offset by an increase in average client investment funds."}
{"_id": "d8dbce6fc", "title": "", "text": "| 2005 2004 | American Tower credit facility | SpectraSite credit facility | Senior subordinated notes | Senior subordinated discount notes, net of discount and warrant valuation | Senior notes, net of discount and premium | Convertible notes, net of discount | Notes payable and capital leases | Total | Less current portion of other long-term obligations | Long-term debt |"}
{"_id": "d8ece1f8e", "title": "", "text": "| UnitedStates Trinidad OtherInternational-1 Total | Natural Gas (Bcf)(3) | Net proved reserves at December 31, 2015 | Revisions of previous estimates | Purchases in place | Extensions, discoveries and other additions | Sales in place | Production | Net proved reserves at December 31, 2016 | Revisions of previous estimates | Purchases in place | Extensions, discoveries and other additions | Sales in place | Production | Net proved reserves at December 31, 2017 | Revisions of previous estimates | Purchases in place | Extensions, discoveries and other additions | Sales in place | Production | Net proved reserves at December 31, 2018 | Oil Equivalents (MBoe)(2) | Net proved reserves at December 31, 2015 | Revisions of previous estimates | Purchases in place | Extensions, discoveries and other additions | Sales in place | Production | Net proved reserves at December 31, 2016 | Revisions of previous estimates | Purchases in place | Extensions, discoveries and other additions | Sales in place | Production | Net proved reserves at December 31, 2017 | Revisions of previous estimates | Purchases in place | Extensions, discoveries and other additions | Sales in place | Production | Net proved reserves at December 31, 2018 |"}
{"_id": "d8ce1443a", "title": "", "text": "| In millions 2015 2014 2013 | Revenue (a) | Expense (b) | Cash receipts (c) | Cash payments (d) |"}
{"_id": "d8110ab6e", "title": "", "text": "Table of Contents Index to Financial Statements Cargo Delta Cargo is the largest cargo carrier among the U. S.  passenger airlines, based on revenue.\nThrough the strength of our global network, we are able to connect all of the world’s major freight gateways.\nWe generate cargo revenues in domestic and international markets primarily through the use of cargo space on regularly scheduled passenger aircraft.\nAdditionally, we have a limited, focused network of freighters that tie together the key freight markets in Asia and connect to three gateways in the U. S.  Delta Cargo is a member of SkyTeam Cargo, the world’s largest global airline cargo alliance.\nThe alliance, whose other members are Aeromexico Cargo, Air France Cargo, Alitalia Cargo, CSA Czech Airlines Cargo, KLM Cargo and Korean Air Cargo, offers a global network with over 16,000 daily flights spanning 6 continents.\nThis alliance offers cargo customers a consistent international product line, and the partners work to jointly improve their efficiency and effectiveness in the marketplace.\nMRO Our maintenance, repair and overhaul (“MRO”) operations known as Delta TechOps is the largest airline MRO in North America with state-of-the-art facilities worldwide.\nIn addition to providing maintenance and engineering support for the combined Delta and NWA fleets of nearly 800 aircraft, Delta TechOps serves more than 125 aviation and airline customers from around the world.\nDelta TechOps employs approximately 8,500 maintenance professionals and is one of the most experienced MRO providers in the world.\nAmong the key services we offer are: ?\nAirframe Maintenance—aircraft overhaul for both widebody and narrowbody craft; ?\nComponent Maintenance—repair, overhaul, and test facilities for electromechanical components and avionics; ?\nEngine Maintenance—full overhaul, repair, and support capabilities for engine parts and components; ?\nLine Maintenance—a full range of ground services including deicing and aircraft parking; ?\nSupport Services—logistics, fleet engineering, engine leasing, and more; and ?\nTechnical Operations Training—technical training for a wide variety of aircraft types."}
{"_id": "d819e6468", "title": "", "text": "| Compound Growth Rates Year Ended December 31, | (In millions except per share data, ratios and growth rates) | SUMMARY OF OPERATIONS | Net operating revenues | Cost of goods sold | Gross profit | Selling, general and administrative expenses | Other operating charges | Operating income | Interest income | Interest expense | Equity income (loss)—net | Other income (loss)—net | Gains on issuances of stock by equity investees | Income before income taxes and changes in accounting principles | Income taxes | Net income before changes in accounting principles | Net income | Average shares outstanding | Average shares outstanding assuming dilution | PER SHARE DATA | Income before changes in accounting principles—basic | Income before changes in accounting principles—diluted | Basic net income | Diluted net income | Cash dividends | Market price on December 31, | TOTAL MARKET VALUE OF COMMON STOCK1 | BALANCE SHEET AND OTHER DATA | Cash, cash equivalents and current marketable securities | Property, plant and equipment—net | Depreciation | Capital expenditures | Total assets | Long-term debt | Total debt | Share-owners' equity | Total capital1 | OTHER KEY FINANCIAL MEASURES1 | Total debt-to-total capital | Net debt-to-net capital | Return on common equity | Return on capital | Dividend payout ratio | Net cash provided by operations | 2003 | Decrease (increase) in trade accounts receivable | Decrease (increase) in inventories | Decrease (increase) in prepaid expenses and other assets | Decrease in accounts payable and accrued expenses | Increase in accrued taxes | Increase (decrease) in other liabilities | $ -168 |"}
{"_id": "d89d374f2", "title": "", "text": "Table 2: Net Investment in Foreign Operations Hedge At December 31, 2007 and 2006, the Company did not have any hedges of foreign currency exposure of net investments in foreign operations.\nInvestments Hedge During the first quarter of 2006, the Company entered into a zero-cost collar derivative (the Sprint Nextel Derivative) to protect itself economically against price fluctuations in its 37.6 million shares of Sprint Nextel Corporation (Sprint Nextel) non-voting common stock.\nDuring the second quarter of 2006, as a result of Sprint Nextels spin-off of Embarq Corporation through a dividend to Sprint Nextel shareholders, the Company received approximately 1.9 million shares of Embarq Corporation.\nThe floor and ceiling prices of the Sprint Nextel Derivative were adjusted accordingly.\nThe Sprint Nextel Derivative was not designated as a hedge under the provisions of SFAS No.133, Accounting for Derivative Instruments and Hedging Activities.\n Accordingly, to reflect the change in fair value of the Sprint Nextel Derivative, the Company recorded a net gain of $99 million for the year ended December 31, 2006, included in Other income (expense) in the Companys consolidated statements of operations.\nIn December 2006, the Sprint Nextel Derivative was terminated and settled in cash and the 37.6 million shares of Sprint Nextel were converted to common shares and sold.\nThe Company received aggregate cash proceeds of approximately $820 million from the settlement of the Sprint Nextel Derivative and the subsequent sale of the 37.6 million Sprint Nextel shares.\nThe Company recognized a loss of $126 million in connection with the sale of the remaining shares of Sprint Nextel common stock.\nAs described above, the Company recorded a net gain of $99 million in connection with the Sprint Nextel Derivative.\nPrior to the merger of Sprint Corporation (Sprint) and Nextel Communications, Inc.  (Nextel), the Company had entered into variable share forward purchase agreements (the Variable Forwards) to hedge its Nextel common stock.\nThe Company did not designate the Variable Forwards as a hedge of the Sprint Nextel shares received as a result of the merger.\nAccordingly, the Company recorded $51 million of gains for the year ended December 31, 2005 reflecting the change in value of the Variable Forwards.\nThe Variable Forwards were settled during the fourth quarter of 2005.\nFair Value of Financial Instruments The Companys financial instruments include cash equivalents, Sigma Fund investments, short-term investments, accounts receivable, long-term finance receivables, accounts payable, accrued liabilities, derivatives and other financing commitments.\nThe Companys Sigma Fund and investment portfolios and derivatives are recorded in the Companys consolidated balance sheets at fair value.\nAll other financial instruments, with the exception of long-term debt, are carried at cost, which is not materially different than the instruments fair values.\nProvision (Benefit) for Income Taxes"}
{"_id": "d8b3d7b80", "title": "", "text": "| 12/31/17 Allocation Adjustments Revised Allocation | Goodwill | Other intangible assets | Property, plant and equipment | Other net assets | Net assets acquired |"}
{"_id": "d8e285c5c", "title": "", "text": "| Customer relationships 25 years | Trademarks | Completed technology/patents | Other |"}
{"_id": "d881435f2", "title": "", "text": "| Long-term debt maturities by year | In billions of dollars | Senior/subordinated debt | Local country maturities | Trust preferred securities (TRUPS) | Securitized debt and securitizations | FHLB borrowings | Total long-term debt |"}
{"_id": "d81b48aae", "title": "", "text": "| For the year ended | 12-31-07 | Net income | Indirect operating expenses, net of corporateincome | Investments and investment management | Interest expense, net | General and administrative expense | Equity in income of unconsolidated entities | Minority interest in consolidated partnerships | Depreciation expense | Gain on sale of real estate assets | Income from discontinued operations | Net operating income | 2007 Program | Liability at December 31, 2006 | Net charges (reversals) and adjustments | Payments and other1 | Liability at December 31, 2007 | Net charges and adjustments | Payments and other1 | Liability at December 31, 2008 |"}
{"_id": "d82581f3e", "title": "", "text": "| Number of shares Weighted-average exercise price per share Weighted-average contractual term Aggregate intrinsic value | Outstanding at January 1, 2012 | Granted | Exercised | Canceled | Outstanding at December 31, 2012 | Granted | Exercised | Canceled | Outstanding at December 31, 2013 | Exercisable at December 31, 2013 |"}
{"_id": "d860fdf72", "title": "", "text": "| December 31 2005 2004 2003 2002 2001 | (Dollars in thousands) | Commercial, financial, agricultural, etc. | Real estate | Consumer | Unallocated | Total |"}
{"_id": "d89eb88bc", "title": "", "text": "The total purchase price of $551.6 million (inclusive of $2.4 million of holdback note payables) for the 2006 acquisitions reflects transaction costs and is net of cash acquired.\nAmounts allocated to the assets acquired and liabilities assumed are based on estimates of fair value.\nThe purchase price allocation of Besco includes 100% of the acquired assets and liabilities, of which $22.1 million is a non-controlling interest that is reflected in Other liabilities in the Consolidated Balance Sheet.\nAdjustments to reflect the fair value of the assets acquired and liabilities assumed are complete for Facom, Automatic Doors, Automatic Entrances, and Allan Brothers.\nHowever, the purchase price allocations for the Besco, GDX and other minor acquisitions are preliminary, mainly with respect to finalization of intangible asset valuations, related deferred taxes, and other minor items.\nThe following table summarizes the estimated fair values of major assets acquired and liabilities assumed for the 2006 acquisitions in the aggregate:"}
{"_id": "d8d33fd7e", "title": "", "text": "* Calculation is not meaningful.1 Calculated based on net income attributable to shareowners of The Coca-Cola Company\nThe favorable geographic mix was primarily due to many of our emerging markets recovering from the global recession at a quicker pace than our developed markets.\nAlthough this shift in geographic mix has a negative impact on net operating revenues, it generally has a favorable impact on our gross profit margin due to the correlated impact it has on our product mix.\nThe product mix in the majority of our emerging and developing markets is more heavily skewed toward our sparkling beverage products, which generally yield a higher gross profit margin compared to our still beverages and finished products.\nRefer to the heading ‘‘Net Operating Revenues’’ above.\nSelling, General and Administrative Expenses The following table sets forth the significant components of selling, general and administrative expenses (in millions):"}
{"_id": "d8e41ac34", "title": "", "text": "The Company also has liabilities for uncertain tax positions and unrecognized tax benefits.\nThe Company is under audit from time-to-time by the IRS and other taxing authorities, and it is possible that the amount of the liability for uncertain tax positions and unrecognized tax benefits could change in the coming year.\nWhile it is possible that one or more of these examinations may be resolved in the next year, the Company is not able to reasonably estimate the timing or the amount by which the liability will be settled over time; therefore, the $367.9 million in unrecognized tax benefits as of December 31, 2016 is excluded from the preceding table.\nSee Footnote 16 of the Notes to Consolidated Financial Statements for additional information.\nAdditionally, the Company has obligations with respect to its pension and postretirement benefit plans, which are excluded from the preceding table.\nThe timing and amounts of the funding requirements are uncertain because they are dependent on interest rates and actual returns on plan assets, among other factors.\nSee Footnote 13 of the Notes to Consolidated Financial Statements for further information.\nAs of December 31, 2016, the Company had $80.0 million in standby letters of credit primarily related to the Company’s self-insurance programs, including workers’compensation, product liability and medical.\nSee Footnote 19 of the Notes to Consolidated Financial Statements for further information.\nAs of December 31, 2016, the Company did not have any significant off-balance sheet arrangements, as defined in Item 303(a) (4)(ii) of SEC Regulation S-K.  Critical Accounting Estimates The Company’s accounting policies are more fully described in Footnote 1 of the Notes to Consolidated Financial Statements.\nAs disclosed in that footnote, the preparation of financial statements in conformity with generally accepted accounting principles"}
{"_id": "d873ac9ac", "title": "", "text": "THE AES CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) DECEMBER 31, 2011, 2010, AND 2009 may require the government to acquire an ownership interest and the current expectation of future losses.\nOur evaluation indicated that the long-lived assets were no longer recoverable and, accordingly, they were written down to their estimated fair value of $24 million based on a discounted cash flow analysis.\nThe long-lived assets had a carrying amount of $66 million prior to the recognition of asset impairment expense.\nKelanitissa is a Buildoperate-transfer (BOT) generation facility and payments under its PPA are scheduled to decline over the PPA term.\nIt is possible that further impairment charges may be required in the future as Kelanitissa gets closer to the BOT date.\nKelanitissa is reported in the Asia Generation reportable segment.\nAsset impairment expense for the year ended December 31, 2010 consisted of:"}
{"_id": "d87559156", "title": "", "text": "| $ in millions Year ended December 31, 2014 Year ended December 31, 2013 | Balance, beginning of year | Unrealized gains/(losses) relating to the instrument still held at the reporting date | Purchases, sales, issuances and settlements (net) | Balance, end of year |"}
{"_id": "d8b5b90b6", "title": "", "text": "| In millions 2018 2017 2016 | Weighted-average number of basic shares | Shares issuable under incentive stock plans | Weighted-average number of diluted shares |"}
{"_id": "d874f9f9e", "title": "", "text": "| Payments due by period | Contractual Obligations | Operating Leases | Purchase Obligations | Total |"}
{"_id": "d810a53e0", "title": "", "text": "| 2011 2010 | Capitalization Structure | (Millions of Dollars) | Common Equity | Preferred Stock of Subsidiary | Long-Term Debt (including current maturities) | Short-Term Debt | Total Capitalization | Total Debt | Ratio of Debt to Total Capitalization |"}
{"_id": "d8e29dda2", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | Service cost – including administrative expenses | Interest cost on projected benefit obligation | Expected return on plan assets | Recognition of net actuarial loss | Recognition of prior service costs | NET PERIODIC BENEFIT COST | Amortization of regulatory asset* | TOTAL PERIODIC BENEFIT COST | Cost capitalized | Reconciliation to rate level | Cost charged to operating expenses |"}
{"_id": "d8c3ab19c", "title": "", "text": "Certain collateralized securities are detailed in the following table by Moody’s equivalent rating as of December 31, 2008."}
{"_id": "d8b642db6", "title": "", "text": "Notes to consolidated financial statements J. P.  Morgan Chase & Co.  104 J. P.  Morgan Chase & Co.  / 2003 Annual Report Notes to consolidated financial statements J. P.  Morgan Chase & Co.  conduits.\nCommercial paper issued by conduits for which the Firm acts as administrator aggregated $11.7 billion at December 31, 2003, and $17.5 billion at December 31, 2002.\nThe commercial paper issued is backed by sufficient collateral, credit enhancements and commitments to provide liquidity to support receiving at least an A-1, P-1 and, in certain cases, an F1 rating.\nThe Firm had commitments to provide liquidity on an assetspecific basis to these vehicles in an amount up to $18.0 billion at December 31, 2003, and $23.5 billion at December 31, 2002.\nThird-party banks had commitments to provide liquidity on an asset-specific basis to these vehicles in an amount up to $700 million at December 31, 2003, and up to $900 million at December 31, 2002.\nAsset-specific liquidity is the primary source of liquidity support for the conduits.\nIn addition, program-wide liquidity is provided by JPMorgan Chase to these vehicles in the event of short-term disruptions in the commercial paper market; these commitments totaled $2.6 billion and $2.7 billion at December 31, 2003 and 2002, respectively.\nFor certain multi-seller conduits, JPMorgan Chase also provides limited credit enhancement, primarily through the issuance of letters of credit.\nCommitments under these letters of credit totaled $1.9 billion and $3.4 billion at December 31, 2003 and 2002, respectively.\nJPMorgan Chase applies the same underwriting standards in making liquidity commitments to conduits as the Firm would with other extensions of credit.\nIf JPMorgan Chase were downgraded below A-1, P-1 and, in certain cases, F1, the Firm could also be required to provide funding under these liquidity commitments, since commercial paper rated below A-1, P-1 or F1 would generally not be issuable by the vehicle.\nUnder these circumstances, the Firm could either replace itself as liquidity provider or facilitate the sale or refinancing of the assets held in the VIE in other markets.\nJPMorgan Chases maximum credit exposure to these vehicles at December 31, 2003, is $18.7 billion, as the Firm cannot be obligated to fund the entire notional amounts of asset-specific liquidity, program-wide liquidity and credit enhancement facilities at the same time.\nHowever, the Firm views its credit exposure to multi-seller conduit transactions as limited.\nThis is because, for the most part, the Firm is not required to fund under the liquidity facilities if the assets in the VIE are in default.\nAdditionally, the Firms obligations under the letters of credit are secondary to the risk of first loss provided by the client or other third parties  for example, by the overcollateralization of the VIE with the assets sold to it.\nJPMorgan Chase consolidated these asset-backed commercial paper conduits at July 1, 2003, in accordance with FIN 46 and recorded the assets and liabilities of the conduits on its Consolidated balance sheet.\nIn December 2003, one of the multi-seller conduits was restructured with the issuance of preferred securities acquired by an independent third-party investor, who will absorb the majority of the expected losses Notes to consolidated financial statement of the conduit.\nIn determining the primary beneficiary of the conduit, the Firm leveraged an existing rating agency model that is an independent market standard to size the expected losses and considered the relative rights and obligations of each of the variable interest holders.\nAs a result of the restructuring, JPMorgan Chase deconsolidated approximately $5.4 billion of the vehicles assets and liabilities as of December 31, 2003.\nThe remaining conduits continue to be consolidated on the Firms balance sheet at December 31, 2003: $4.8 billion of assets recorded in Loans, and $1.5 billion of assets recorded in Available-for-sale securities."}
{"_id": "d8e83c574", "title": "", "text": "The increase in general account investments related to our Japanese insurance operations in 2018 was primarily attributable to net business inflows, the reinvestment of net investment income, and the translation impact of the yen strengthening against the U. S.  dollar, partially offset by an increase in U. S.  interest rates.\nAs of December 31, 2018, our Japanese insurance operations had $64.9 billion, at carrying value, of investments denominated in U. S.  dollars, including $2.5 billion that were hedged to yen through third-party derivative contracts and $50.0 billion that support liabilities denominated in U. S.  dollars, with the remainder hedging our foreign currency exchange rate exposure on U. S.  dollar-equivalent equity.\nAs of December 31, 2017, our Japanese insurance operations had $62.6 billion, at carrying value, of investments denominated in U. S.  dollars, including $5.8 billion that were hedged to yen through third-party derivative contracts and $43.8 billion that support liabilities denominated in U. S.  dollars, with the remainder hedging our foreign currency exchange rate exposure on U. S.  dollar-equivalent equity.\nThe $2.3 billion increase in the carrying value of U. S.  dollar-denominated investments from December 31, 2017 was primarily attributable to portfolio growth as a result of net business inflows and the reinvestment of net investment income, partially offset by the reduction of the U. S.  dollar investments hedged back to yen through third-party derivatives.\nOur Japanese insurance operations had $10.1 billion and $11.4 billion, at carrying value, of investments denominated in Australian dollars that support liabilities denominated in Australian dollars, as of December 31, 2018 and 2017, respectively.\nThe $1.3 billion decrease in the carrying value of Australian dollar-denominated investments from December 31, 2017, was primarily attributable to the translation impact of the Australian dollar weakening against the U. S.  dollar and portfolio reduction as a result of net business outflows.\nFor additional information regarding U. S.  and Australian dollar investments held in our Japanese insurance operations and a discussion of our yen hedging strategy, see “—Results of Operations by Segment—Impact of Foreign Currency Exchange Rates” above.\nInvestment Results The following tables set forth the investment results of our general account apportioned between PFI excluding the Closed Block division and the Closed Block division, for the periods indicated.\nThe yields are based on net investment income as reported under U. S.  GAAP and as such do not include certain interest-related items, such as settlements of duration management swaps which are included in “Realized investment gains (losses), net.\n”"}
{"_id": "d86389e9e", "title": "", "text": "| Business Location Approximate Number of Customers Served as of 12/31/2011 GWh Sold in 2011 AES Equity Interest (Percent, Rounded) Year Acquired | IPL | DP&L-1 | 970,000 |"}
{"_id": "d829edae6", "title": "", "text": "| For the fiscal years ended October 31 | 2007 | In millions | Net revenue | Earnings from operations | Earnings from operations as a % of net revenue |"}
{"_id": "d8e1d0dac", "title": "", "text": "PROVED RESERVES We have historically added reserves through our exploration program, development activities, and acquisition of producing properties.\nSee Items 1.  and 2.  Business and Properties.\nChanges in proved reserves were as follows:"}
{"_id": "d8a925b1a", "title": "", "text": "(1) Basic income (loss) per common share from continuing operations represents income (loss) from continuing operations divided by the weighted average number of common shares outstanding during the period.\nDiluted income per common share from continuing operations for the years ended December 31, 2007 and 2006 represents income from continuing operations divided by the weighted average number of common shares outstanding during the period and any dilutive common share equivalents, including shares issuable upon exercise of stock options and warrants, as determined under the treasury stock method, and upon conversion of our convertible notes, as determined under the if-converted method.\nDiluted loss per common share from continuing operations amounts for periods prior to 2006 have excluded shares issuable upon exercise of stock options and warrants and upon conversion of our convertible notes, as their effect is antidilutive.\n(2) For the purpose of this calculation, earnings consists of income (loss) from continuing operations before income taxes, minority interest in net earnings of subsidiaries, income (loss) on equity method investments and fixed charges (excluding interest capitalized and amortization of interest capitalized.\nFixed charges consist of interest expense, including amounts capitalized, amortization of debt discount and related issuance costs and the component of rental expense associated with operating leases believed by management to be representative of the interest factor thereon.\nWe had an excess (deficiency) in earnings to fixed charges in each period as follows (in thousands): 2007$155,462; 2006$72,813; 2005$(133,464); 2004$(322,806); and 2003$(326,154).\n(3) As of December 31, 2007, includes approximately $53.7 million in restricted cash on deposit in reserve accounts related to the Certificates issued in our Securitization transaction.\nAs of December 31, 2006, 2005 and 2004, amounts include cash and cash equivalents only.\nAs of December 31, 2003, includes approximately $170.0 million of restricted funds that were held in escrow to pay, repurchase, redeem or retire certain of our outstanding debt through January 2004.\nAMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS F-43 17."}
{"_id": "d86aa3df6", "title": "", "text": "| Sales Order Backlog As of September 30, | Homes in Backlog | 2013 | East | Midwest | Southeast | South Central | Southwest | West | 8,205 |"}
{"_id": "d87b8035e", "title": "", "text": "| Derivative Assets (Liabilities) Fair Value of Firm Commitments Long-Term Debt Total | (Thousands of dollars) | January 1, 2008 | Total realized/unrealized gains (losses): | Included in earnings (a) | Included in other comprehensiveincome (loss) | Terminations prior to maturity | Transfers in and/or out of Level 3 | December 31, 2008 | Total gains (losses) for the period included inearnings attributable to the change in unrealizedgains (losses) relating to assets and liabilitiesstill held as of December 31, 2008 (a) | (a) - Reported in revenues in our Consolidated Statements of Income. |"}
{"_id": "d82aee67a", "title": "", "text": "| Options | Source of Fair Value | (Thousands of Dollars) | NSP-Minnesota | PSCo | NSP-Wisconsin | Total Options Fair Value |"}
{"_id": "d8f65ba6a", "title": "", "text": "| 12/29/2012 12/28/2013 12/27/2014 12/26/2015 12/31/2016 12/30/2017 | Tractor Supply Company | S&P 500 | S&P Retail Index |"}
{"_id": "d8ce5486e", "title": "", "text": "| Change | 2012 | (in millions) | Premiums and Services Revenue: | Premiums: | Fully-insured commercial group | Group Medicare Advantage | Group Medicare stand-alone PDP | Total group Medicare | Group specialty | Total premiums | Services | Total premiums and services revenue | Income before income taxes | Benefit ratio | Operating cost ratio |"}
{"_id": "d8f25f376", "title": "", "text": "Cash Flow Hedges Cash flow hedges are used to hedge price volatility in certain forecasted feedstock and refined product purchases, refined product sales, and natural gas purchases.\nThe objective of our cash flow hedges is to lock in the price of forecasted feedstock, product or natural gas purchases, or refined product sales at existing market prices that we deem favorable.\nAs of December 31, 2012, we had the following outstanding commodity derivative instruments that were entered into to hedge forecasted purchases or sales of crude oil and refined products.\nThe information presents the notional volume of outstanding contracts by type of instrument and year of maturity (volumes in thousands of barrels)."}
{"_id": "d8e275884", "title": "", "text": "| 2013 2014 2015 2016 2017 Thereafter Total | Deferred acquisition payments | Redeemable noncontrolling interests and call options with affiliates1 | Total contingent acquisition payments | Less: cash compensation expense included above | Total |"}
{"_id": "d88eb29fe", "title": "", "text": "| Year Ended December 31, | 2011 | Cash and cash equivalents, beginning of period | Cash provided by operating activities | Cash (used in) provided by investing activities | Cash used in financing activities | Effect of exchange rate changes on cash and cash equivalents | Net change in cash and cash equivalents | Cash and cash equivalents, end of period |"}
{"_id": "d872ba0bc", "title": "", "text": "| Cash assumed $140 | Rental properties and real estate under development | Real estate held for sale, net | Co-investments | Acquired in-place lease value | Other assets | Mortgage notes payable and unsecured debt | Other liabilities | Redeemable noncontrolling interest | $4,331 | Cash consideration for BRE merger | Equity consideration for BRE merger | Total consideration for BRE merger | Property Name | 8th & Hope | The Huxley-1 | The Dylan-1 | Reveal-2 | Avant | Avant II | Enso | Total 2015 |"}
{"_id": "d8a7a7ee6", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Certain of Aon’s European subsidiaries have a A650 million (U. S.  $942 million) multi-currency revolving loan credit facility.\nThis facility will mature in October 2010, unless Aon opts to extend the facility.\nCommitment fees of 8.75 basis points are payable on the unused portion of the facility.\nAt December 31, 2007, Aon has borrowed A376 million and $250 million ($795 million) under this facility.\nAt December 31, 2006, A307 million was borrowed.\nAt December 31, 2007, $250 million of the Euro facility is classified as short-term debt in the consolidated statements of financial position.\nAon has guaranteed the obligations of its subsidiaries with respect to this facility.\nAon maintains a $600 million, 5-year U. S.  committed bank credit facility to support commercial paper and other short-term borrowings, which expires in February 2010.\nThis facility permits the issuance of up to $150 million in letters of credit.\nAt December 31, 2007 and 2006, Aon had $20 million in letters of credit outstanding.\nBased on Aon’s current credit ratings, commitment fees of 10 basis points are payable on the unused portion of the facility.\nFor both the U. S.  and Euro facilities, Aon is required to maintain consolidated net worth, as defined, of at least $2.5 billion, a ratio of consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) to consolidated interest expense of 4 to 1 and a ratio of consolidated debt to EBITDA of not greater than 3 to 1.\nAon also has other foreign facilities available, which include a ￡37.5 million ($74 million) facility, a A25 million ($36 million) facility, and a A20 million ($29 million) facility.\nOutstanding debt securities, including Aon Capital A’s, are not redeemable by Aon prior to maturity.\nThere are no sinking fund provisions.\nInterest is payable semi-annually on most debt securities.\nRepayments of long-term debt are $548 million, $382 million and $225 million in 2010, 2011 and 2012, respectively."}
{"_id": "d87cadb14", "title": "", "text": "| Assets Capital Expenditures Depreciation Expense | Years Ended December 31 | Mobile Devices | Home and Networks Mobility | Enterprise Mobility Solutions | 16,583 | Other and Eliminations | $27,869 |"}
{"_id": "d8c29a708", "title": "", "text": "| Payments Due By Period | Obligation | Short-term debt obligations | Cash premium on convertible notes due March 2012 -1 | Other commitments -2 | Operating lease obligations | Contingent consideration for business combinations -3 | Other long-term liabilities -4 | Total -5 |"}
{"_id": "d8b740a9c", "title": "", "text": "| ($ in millions) Foreign Currency Translation Pension and Other Postretirement Items, Net of Tax Effective Financial Derivatives, Net of Tax Accumulated Other Comprehensive Earnings (Loss) | December 31, 2004 | 2005 change | December 31, 2005 | 2006 change | Effect of SFAS No. 158 adoption(a) | December 31, 2006 | 2007 change | December 31, 2007 | Commercial | (In millions) | Balance, January 1, 2007 | Additions | Deductions | Balance, December 31, 2007 | Additions | Deductions | Balance, December 31, 2008 | Additions | Deductions | Balance, December 31, 2009 |"}
{"_id": "d8ce4699e", "title": "", "text": "| December 31, 2009 | Single Name | NAIC Designation | (in millions) | 1 | 2 | Subtotal | 3 | 4 | 5 | 6 | Subtotal | Total-2 | December 31, 2008 | Single Name | NAIC Designation | (in millions) | 1 | 2 | Subtotal | 3 | 4 | 5 | 6 | Subtotal | Total-2 | December 31, 2009 | Amortized Cost-1 | (in millions) | Less than three months | Three months or greater but less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Greater than twelve months | Total |"}
{"_id": "d8cc340ca", "title": "", "text": "In 2011, management revised its methodology with respect to funds transfer pricing, which is used in the measurement of business unit net interest revenue.\nNet interest revenue and average assets for 2010 have been restated for comparative purposes to reflect the revised methodology.\nAmounts for 2009 were not restated."}
{"_id": "d8959cd0a", "title": "", "text": "| 2006 versus 2005 Ameren (a) UE CIPS Genco CILCORP CILCO IP | Electric revenue change: | Effect of weather on native load (estimate) | Storm-related outages (estimate) | Noranda | UE Illinois service territory transfer to CIPS | Wholesale contracts | Interchange revenues(b) | Transmission service and other revenues | Growth and other (estimate) | Total electric revenue change |"}
{"_id": "d8771f0a8", "title": "", "text": "| Corporate – Operating Results (in 000s) 2008 | Year Ended April 30, | Interest income on mortgage loans held for investment | Other | Total revenues | Interest expense | Provision for loan losses | Compensation and benefits | Other, net | Total expense | Pretax loss |"}
{"_id": "d8bf90c88", "title": "", "text": "| Year endedDecember 31, 2017In millions except weighted-average data Shares Weighted-AverageExercisePrice Weighted-AverageRemainingContractualLife AggregateIntrinsicValue | Outstanding, January 1 | Exercised | Outstanding,December 31 | Vested and exercisable,December 31 | Shares in millions | December 31, 2016 | Granted (b) | Vested/Released (b) | December 31, 2017 |"}
{"_id": "d87119686", "title": "", "text": "| Name Executive Contributions in 2016 (b) Registrant Contributions in 2016 (c) Aggregate Earnings in 2016-1(d) Aggregate Withdrawals/Distributions (e) Aggregate Balance at December 31, 2016(a) (f) | Phillip R. May, Jr. |"}
{"_id": "d85ee0a1e", "title": "", "text": "| (Millions) 2007 2006 2005 | Total Debt | Less: Cash, cash equivalents and marketable securities | Net Debt |"}
{"_id": "d8f66c612", "title": "", "text": "| 2014 2013 2012 | Interest incurred | Less: Capitalized interest | Interest Expense |"}
{"_id": "d878430d8", "title": "", "text": "| Years Ended December 31, | 2014 | Statutory net income | P&C companies | Life and Health companies | Total statutory net income | December 31, | 2014 | Statutory capital and surplus | P&C companies | Life and Health companies | Total statutory capital and surplus |"}
{"_id": "d8b781ee8", "title": "", "text": "| 2007 2006 | (In thousands) | December 31: | Gross unrealized gains | Gross unrealized losses | Year ended December 31: | Average gross unrealized gains | Average gross unrealized losses |"}
{"_id": "d8ded00b2", "title": "", "text": "| Cash portion of consideration $2,094,800 | Fair value of securities issued | Fair value of vested options exchanged | Fair value of Cytyc’s outstanding convertible notes | Direct acquisition costs | Total estimated purchase price |"}
{"_id": "d86ada310", "title": "", "text": "| Years Ended December 31, | 2012 | Weighted-average volatility | Weighted-average dividend yield | Weighted-average expected term | Weighted-average risk-free rate |"}
{"_id": "d8a391334", "title": "", "text": "| Year Ended December 31, | 2012 | Gas Delivered($ in millions) | Firm Sales | Full service | Firm transportation | Total Firm Sales | Interruptible Sales | Total Gas Delivered to O&R Customers | Transportation of customer-owned gas | Sales to electric generating stations | Other operating revenues | Total Sales | Average Revenue Per Dt Sold | Residential | General |"}
{"_id": "d883cacbc", "title": "", "text": "| Gross derivative receivables Gross derivative payables | December 31, 2015(in millions) | Trading assets and liabilities | Interest rate | Credit | Foreign exchange | Equity | Commodity | Total fair value of trading assets and liabilities | Gross derivative receivables | December 31, 2014(in millions) | Trading assets and liabilities | Interest rate | Credit | Foreign exchange | Equity | Commodity | Total fair value of trading assets and liabilities |"}
{"_id": "d87434b5e", "title": "", "text": "| Pension Other Postretirement Benefits | Years ended December 31, | Components of net periodic benefit cost | Service cost | Interest cost | Expected return on plan assets | Amortization of prior service costs | Recognized net actuarial loss | Settlement/curtailment loss | Net periodic benefit cost | Net periodic benefit cost included in Earnings from operations |"}
{"_id": "d88d15d8a", "title": "", "text": "| Years ended December 31, Federal State Foreign | 2011 to 2015 | 2016 to 2020 | 2021 to 2025 | 2026 to 2030 | Total |"}
{"_id": "d87d4cea8", "title": "", "text": "As of December 31, 2017, there were approximately 8,740 U. S.  hourly production employees who were covered by collective bargaining agreements with various labor unions, including The United Automobile, Aerospace and Agricultural Implement Workers of America (UAW), The International Association of Machinists and The United Steelworkers.\nApproximately 7,030 of such employees are covered by collective bargaining agreements with the UAW that expire on December 17, 2018 and March 1, 2023.\nOutside the United States, the company enters into employment contracts and agreements in those countries in which such relationships are mandatory or customary.\nThe provisions of these agreements generally correspond in each case with the required or customary terms in the subject jurisdiction.\nSales and Revenues Sales and revenues outside the United States were 59 percent of consolidated sales and revenues for 2017, 2016 and 2015.\nAdditional information related to total sales and revenues and long-lived assets aggregated by our U. S.  and non-U.\nS.  operations appears in Note 23 – “Segment information” of Part II, Item 8 “Financial Statements and Supplementary Data”.\nEnvironmental Matters The company is regulated by federal, state and international environmental laws governing our use, transport and disposal of substances and control of emissions.\nIn addition to governing our manufacturing and other operations, these laws often impact the development of our products, including, but not limited to, required compliance with air emissions standards applicable to internal combustion engines.\nWe have made, and will continue to make, significant research and development and capital expenditures to comply with these emissions standards.\nWe are engaged in remedial activities at a number of locations, often with other companies, pursuant to federal and state laws.\nWhen it is probable we will pay remedial costs at a site, and those costs can be reasonably estimated, the investigation, remediation, and operating and maintenance costs of the remedial action are accrued against our earnings.\nCosts are accrued based on consideration of currently available data and information with respect to each individual site, including available technologies, current applicable laws and regulations, and prior remediation experience.\nWhere no amount within a range of estimates is more likely, we accrue the minimum.\nWhere multiple potentially responsible parties are involved, we consider our proportionate share of the probable costs.\nIn formulating the estimate of probable costs, we do not consider amounts expected to be recovered from insurance companies or others.\nWe reassess these accrued amounts on a quarterly basis.\nThe amount recorded for environmental remediation is not material and is included in the line item “Accrued expenses” in Statement 3 — “Consolidated Financial Position at December 31” of Part II, Item 8 “Financial Statements and Supplementary Data.\n” There is no more than a remote chance that a material amount for remedial activities at any individual site, or at all the sites in the aggregate, will be required.\nbetween the actual return on plan assets compared to the expected return on plan assets (U. S.  pension plans had an actual rate of return of 7.8 percent compared to an expected rate of return of 6.9 percent).  ?2015 net mark-to-market loss of $179 million - Primarily due to the difference between the actual return on plan assets compared to the expected return on plan assets (U. S.  pension plans had an actual rate of return of (2.0) percent compared to an expected rate of return of 7.4 percent) which was partially offset by higher discount rates at the end of 2015 compared to 2014."}
{"_id": "d88ac731c", "title": "", "text": "| (in thousands) Amount Weighted Average Useful Life (years) | Customer contracts and relationships | Purchased technology | Backlog | Non-competition agreements | Trademarks | Total identifiable intangible assets | Net liabilities assumed | Goodwill-1 | Total estimated purchase price |"}
{"_id": "d8d0257a6", "title": "", "text": "| Twelve Months EndedDecember 31, Change | 2018 vs. 2017 | Net Income | (In millions, except per share amounts) | Consolidated operating income | Consolidated other expense, net | Consolidated provision for income taxes | Consolidated net income | Net income attributable to noncontrolling interests | Net income attributable to Equifax | Diluted earnings per share: | Net income attributable to Equifax | Weighted-average shares used in computing diluted earnings per share | IAN | Balance as of December 31, 2006 | Current year acquisitions | Contingent and deferred payments for prior acquisitions | Amounts allocated to business dispositions | Other (primarily foreign currency translation) | Balance as of December 31, 2007 | Current year acquisitions | Contingent and deferred payments for prior acquisitions | Amounts allocated to business dispositions | Other (primarily foreign currency translation) | Balance as of December 31, 2008 |"}
{"_id": "d87078902", "title": "", "text": "| Year Ended December 31, | 2012 | (In millions) | Net cash provided by (used in): | Operating activities | Investing activities | Financing activities | Effect of exchange rates on cash and cash equivalents | Net increase/(decrease) in cash and cash equivalents | (In millions) | Indemnified securities financing | Liquidity asset purchase agreements | Unfunded commitments to extend credit | Standby letters of credit |"}
{"_id": "d88a712dc", "title": "", "text": "El Paso Market The El Paso market for refined products is currently supplied by a number of area and Gulf Coast refiners and pipelines.\nArea refiners include Navajo, WRB Refining, LLC (WRB) (a joint venture between Phillips 66 and Cenovus Energy),"}
{"_id": "d8942ee8c", "title": "", "text": "| dollars in thousands 2013 2012 | Self-insurance Program | Self-insured liabilities (undiscounted) | Insured liabilities (undiscounted) | Discount rate | Amounts Recognized in Consolidated | Balance Sheets | Investments and long-term receivables | Other accrued liabilities | Other noncurrent liabilities | Net liabilities (discounted) |"}
{"_id": "d8a58d156", "title": "", "text": "| Leased Owned Total | Country/State | North America | United States (Including Puerto Rico) | Alabama | Arizona | Arkansas | California | Colorado | Connecticut | Delaware | District of Columbia | Florida | Georgia | Idaho | Illinois | Indiana | Iowa | Kansas | Kentucky | Louisiana | Maine | Maryland | Massachusetts (including Corporate Headquarters) | Michigan | Minnesota | Mississippi | Missouri | Montana | Nebraska | Nevada | New Hampshire | New Jersey | New Mexico | New York | North Carolina | North Dakota | Ohio | Oklahoma | Oregon | Pennsylvania | Puerto Rico | Rhode Island | South Carolina | Tennessee | Texas | Utah | Vermont | Virginia | Washington | West Virginia | Wisconsin | 484 | Canada | 538 |"}
{"_id": "d842dcd36", "title": "", "text": "| September 30, | 2010 | (in 000's) | Cash and Cash Equivalents: | Cash in banks-1 | U. S. Treasury securities-1 | Money market investments | Total cash and cash equivalents | Cash and securities segregated pursuant to federal regulations and other | segregated assets-2 | Deposits with clearing organizations-3 | $6,450,442 |"}
{"_id": "d87e7ddf4", "title": "", "text": "The Protection segment offers a variety of products to address the protection and risk management needs of the Company’s retail clients including life, DI and property casualty insurance.\nLife and DI products are primarily provided through the Company’s advisors.\nThe Company’s property casualty products are sold through affinity relationships.\nThe Company issues insurance policies through its life insurance subsidiaries and the Property Casualty companies.\nThe primary sources of revenues for this segment are premiums, fees, and charges that the Company receives to assume insurance-related risk.\nThe Company earns net investment income on owned assets supporting insurance reserves and capital supporting the business.\nThe Company also receives fees based on the level of assets supporting VUL separate account balances.\nThis segment earns intersegment revenues from fees paid by the Asset Management segment for marketing support and other services provided in connection with the availability of VIT Funds under the VUL contracts.\nIntersegment expenses for this segment include distribution expenses for services provided by the Advice & Wealth Management segment, as well as expenses for investment management services provided by the Asset Management segment."}
{"_id": "d8e9eb6e0", "title": "", "text": "| Years Ended December 31, | 2017 | Service cost | Interest cost | Expected return on plan assets | Amortization of prior service costs | Amortization of net loss | Other | Net periodic benefit cost |"}
{"_id": "d8145f238", "title": "", "text": "Other Nonregulated Operating and Maintenance Expenses Other nonregulated operating and maintenance expenses decreased $16 million, or 35.4 percent, in 2005 compared with 2004, primarily due to the accrual of $18 million in 2004 for a settlement agreement related to shareholder lawsuits.\nOther nonregulated operating and maintenance expenses decreased $9 million, or 17.5 percent, in 2004 compared with 2003.\nThis decrease resulted from the dissolution of Planergy International and the discontinued consolidation of an investment in an independent powerproducing entity that was no longer majority owned after the divestiture of NRG.\nDepreciation and Amortization Depreciation and amortization expense for 2005 increased by approximately $61 million, or 8.7 percent, compared with 2004.\nThe changes were primarily due to the installation of new steam generators at Unit 1 of the Prairie Island nuclear plant and software system additions, both of which have relatively short depreciable lives compared with other capital additions.\nThe Prairie Island steam generators are being depreciated over the remaining life of the plant operating license, which expires in 2013.\nIn addition, the Minnesota Renewable Development Fund and renewable cost-recovery amortization, which is recovered in revenue as a non-fuel rider and does not have an impact on net income, increased over 2004.\nThe increase was partially offset by the changes in useful lives and net salvage rates approved by Minnesota regulators in August 2005.\nDepreciation and amortization expense for 2004 decreased by $21 million, or 2.9 percent, compared with 2003.\nThe reduction is largely due to several regulatory decisions.\nIn 2004, as a result of a Minnesota Public Utilities Commission (MPUC) order, NSP-Minnesota modified its decommissioning expense recognition, which served to reduce decommissioning accruals by approximately $18 million in 2004 compared with 2003.\nIn addition, effective July 1, 2003, the Colorado Public Utilities Commission (CPUC) lengthened the depreciable lives of certain electric utility plant at PSCo as a part of the general Colorado rate case, reducing annual depreciation expense by $20 million.\nPSCo experienced the full impact of the annual reduction in 2004, resulting in a decrease in depreciation expense of $10 million for 2004 compared with 2003.\nThese decreases were partially offset by plant additions."}
{"_id": "d8ca47eba", "title": "", "text": "| Year Ended December 31, 2012 | Parent | Revenues: | Storage Rental | Service | Total Revenues | Operating Expenses: | Cost of Sales (Excluding Depreciation and Amortization) | Selling, General and Administrative | Depreciation and Amortization | (Gain) Loss on Disposal/Write-down of Property, Plant and Equipment, Net | Total Operating Expenses | Operating (Loss) Income | Interest Expense (Income), Net | Other Expense (Income), Net | (Loss) Income from Continuing Operations Before Provision (Benefit) for Income Taxes | Provision (Benefit) for Income Taxes | Equity in the (Earnings) Losses of Subsidiaries, Net of Tax | Income (Loss) from Continuing Operations | Income (Loss) from Discontinued Operations, Net of Tax | Gain (Loss) on Sale of Discontinued Operations, Net of Tax | Net Income (Loss) | Less: Net Income (Loss) Attributable to Noncontrolling Interests | Net Income (Loss) Attributable to Iron Mountain Incorporated | Net Income (Loss) | Other Comprehensive Income (Loss): | Foreign Currency Translation Adjustments | Equity in Other Comprehensive Income (Loss) of Subsidiaries | Total Other Comprehensive Income (Loss) | Comprehensive Income (Loss) | Comprehensive Income (Loss) Attributable to Noncontrolling Interests | Comprehensive Income (Loss) Attributable to Iron Mountain Incorporated |"}
{"_id": "d88000cc6", "title": "", "text": "OFF-BALANCE SHEET ARRANGEMENTS As of December 31, 2018 and 2017, we did not have any material relationships with unconsolidated entities, such as entities often referred to as specific purpose or variable interest entities where we are the primary beneficiary, which would have been established for the purpose of facilitating off-balance sheet arrangements or other contractually narrow or limited purposes.\nAs such we are not exposed to any financial liquidity, market or credit risk that could arise if we had engaged in such relationships."}
{"_id": "d82a10366", "title": "", "text": "| U.S. Plans Years Ended March 31, Non-U.S. Plans Years Ended March 31, | 2019 | Net periodic pension expense | Discount rates | Rate of increase in compensation | Expected long-term rate of return on plan assets | Benefit obligation | Discount rates | Rate of increase in compensation |"}
{"_id": "d8b1ac9c8", "title": "", "text": "| Year Ended December 31, | 2014 | Steam Sold(MMlb) | General | Apartment house | Annual power | Total Steam Delivered to CECONY Customers | Steam Sold($ in millions) | General | Apartment house | Annual power | Other operating revenues | Total Steam Delivered to CECONY Customers | Average Revenue per Mlb Sold |"}
{"_id": "d8247e10a", "title": "", "text": "(a) Amounts represent the expected cash payments of our long-term debt, including interest on variable and fixed rate long-term debt.\nInterest on variable rate long-term debt is calculated based on interest rates at December 30, 2017.\n(b) Amounts represent the expected cash payments of our capital leases, including expected cash payments of interest expense.\n(c) Operating leases represent the minimum rental commitments under non-cancelable operating leases.\n(d) We have purchase obligations for materials, supplies, property, plant and equipment, and co-packing, storage and distribution services based on projected needs to be utilized in the normal course of business.\nOther purchase obligations include commitments for marketing, advertising, capital expenditures, information technology, and professional services.\nArrangements are considered purchase obligations if a contract specifies all significant terms, including fixed or minimum quantities to be purchased, a pricing structure, and approximate timing of the transaction.\nA few of these obligations are long-term and are based on minimum purchase requirements.\nCertain purchase obligations contain variable pricing components, and, as a result, actual cash payments are expected to fluctuate based on changes in these variable components.\nDue to the proprietary nature of some of our materials and processes, certain supply contracts contain penalty provisions for early terminations.\nWe do not believe that a material amount of penalties is reasonably likely to be incurred under these contracts based upon historical experience and current expectations.\nWe exclude amounts reflected on the consolidated balance sheet as accounts payable and accrued liabilities from the table above.\n(e) Other long-term liabilities primarily consist of estimated payments for the one-time toll charge related to U. S.  tax reform, as well as postretirement benefit commitments.\nCertain other long-term liabilities related to income taxes, insurance accruals, and other accruals included on the consolidated balance sheet are excluded from the above table as we are unable to estimate the timing of payments for these items.\nFuture payments related to other long-term liabilities decreased primarily due to payments of $1.2 billion in 2017 to pre- fund a portion of our U. S.  postretirement plan benefits.\nSee Note 10, Postemployment Benefits, to the consolidated financial statements for additional information."}
{"_id": "d86b7c05c", "title": "", "text": "Interest Expense Interest expense (income), net in 2013 was $278 million and was comprised primarily of interest expense on outstanding debt, partially offset by interest income of $21 million.\nIn November 2012, AbbVie issued $14.7 billion of long-term debt with maturities ranging from three to 30 years and"}
{"_id": "d8a3edcc4", "title": "", "text": "Revenue from other sources includes scrap sales, bulk sales to mechanical remanufacturers, and sales of aluminum ingots and sows.\nForeign Currency Translation For our foreign operations, the local currency is the functional currency.\nAssets and liabilities are translated into U. S.  dollars at the period-ending exchange rate.\nStatements of Income amounts are translated to U. S.  dollars using average exchange rates during the period.\nTranslation gains and losses are reported as a component of accumulated other comprehensive income (loss) in stockholders equity.\nGains and losses from foreign currency transactions are included in current earnings.\nRecent Accounting Pronouncements On January 1, 2011, we will adopt Financial Accounting Standards Board Accounting Standards Update 2010-29, Disclosure of Supplementary Pro Forma Information for Business Combinations, which clarifies the disclosure requirements for pro forma financial information related to a material business combination or a series of immaterial business combinations that are material in the aggregate.\nThe guidance clarified that the pro forma disclosures are prepared assuming the business combination occurred at the start of the prior annual reporting period.\nAdditionally, a narrative description of the nature and amount of material, non-recurring pro forma adjustments would be required.\nAs this newly issued accounting standard only requires enhanced disclosure, the adoption of this standard will not impact our financial position or results of operations.\nNote 3.\nDiscontinued Operations On October 1, 2009, we sold to Schnitzer Steel Industries, Inc.  (SSI) four self service retail facilities in Oregon and Washington and certain business assets related to two self service facilities in Northern California and a self service facility in Portland, Oregon for $17.5 million, net of cash sold.\nWe recognized a gain on the sale of approximately $2.5 million, net of tax, in our fourth quarter 2009 results.\nGoodwill totaling $9.9 million was included in the cost basis of net assets disposed when determining the gain on sale.\nIn the fourth quarter of 2009, we closed the two self service facilities in Northern California and converted the self service operation in Portland to a wholesale recycling business.\nOn January 15, 2010, we also sold to SSI two self service retail facilities in Dallas, Texas for $12.0 million.\nWe recognized a gain on the sale of approximately $1.7 million, net of tax, in our first quarter 2010 results.\nGoodwill totaling $6.7 million was included in the cost basis of net assets disposed when determining the gain on sale.\nThe self service facilities that we sold or closed are reported as discontinued operations for all periods presented.\nWe reported these facilities in discontinued operations because the cash flows derived from the facilities were eliminated as a result of the sales or closures, and we will not have continuing involvement in these facilities.\nA summary of the assets and liabilities applicable to discontinued operations included in the consolidated balance sheets as of December 31, 2010 and 2009 is as follows (in thousands):"}
{"_id": "d8e11c2da", "title": "", "text": "| For the Years Ended December 31, | (Millions of Dollars) | Operating revenues | Purchased power | Fuel | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Electric operating income |"}
{"_id": "d882a701a", "title": "", "text": "AMR and American were in compliance with the Liquidity Covenant and the EBITDAR Covenant at December 31, 2006 and expect to be able to comply with these covenants.\nHowever, given fuel prices that are high by historical standards and the volatility of fuel prices and revenues, it is difficult to assess whether AMR and American will, in fact, be able to continue to comply with the Liquidity Covenant and, in particular, the EBITDAR Covenant, and there are no assurances that they will be able to do so.\nFailure to comply with these covenants would result in a default under the Credit Facility which — - if the Company did not take steps to obtain a waiver of, or otherwise mitigate, the default — - could result in a default under a significant amount of the Company’s other debt and lease obligations and have a material adverse impact on the Company.\nIn September 2005, American sold and leased back 89 spare engines with a book value of $105 million to a variable interest entity (VIE).\nThe net proceeds received from third parties were $133 million.\nAmerican is considered the primary beneficiary of the activities of the VIE as American has substantially all of the residual value risk associated with the transaction.\nAs such, American is required to consolidate the VIE in its financial statements.\nAt December 31, 2006, the book value of the engines was $94 million and was included in Flight equipment on the consolidated balance sheet.\nThe engines serve as collateral for the VIE’s long-term debt of $123 million at December 31, 2006, which has also been included in the consolidated balance sheet.\nThe VIE has no other significant operations."}
{"_id": "d8834ecca", "title": "", "text": "| Price Range* Dividends  per Share* | High | 2005 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | 2004 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d8646ec7e", "title": "", "text": "Segment Expenses.\nCommission and brokerage decreased by 2.6% to $298.2 million in 2015 compared to $306.2 million in 2014.\nThe decrease was mainly due to the impact of the decrease in premiums earned and changes in the mix of business.\nSegment other underwriting expenses decreased slightly to $34.3 million in 2015 compared to $34.6 million in 2014.\nCommission and brokerage increased 3.5% to $306.2 million in 2014 compared to $295.9 million in 2013.\nThis increase was primarily due to the impact of the increase in premiums earned.\nSegment other underwriting expenses increased slightly to $34.6 million in 2014 compared to $33.9 million in 2013."}
{"_id": "d8c711fe8", "title": "", "text": "| December 31, | 2007 | (in millions) | Liabilities for investment-type contracts: | GICs | Funding agreements | Other investment-type contracts | Total liabilities for investment-type contracts | Liabilities for individual annuities | Universal life and other reserves | Total contractholder funds |"}
{"_id": "d8d11ffda", "title": "", "text": "| 2007 Quarters 2006 Quarters | Fourth | Income statement data | In thousands, except per share | Net income | Net income | Amortization of core deposit and other intangible assets(a) | Merger-related expenses(a) | Net operating income | Earnings per share | Diluted earnings per common share | Amortization of core deposit and other intangible assets(a) | Merger-related expenses(a) | Diluted net operating earnings per share | Other expense | Other expense | Amortization of core deposit and other intangible assets | Merger-related expenses | Noninterest operating expense | Merger-related expenses | Salaries and employee benefits | Equipment and net occupancy | Printing, postage and supplies | Other costs of operations | Total | Balance sheet data | In millions | Average assets | Average assets | Goodwill | Core deposit and other intangible assets | Deferred taxes | Average tangible assets | Average equity | Average equity | Goodwill | Core deposit and other intangible assets | Deferred taxes | Average tangible equity | At end of quarter | Total assets | Total assets | Goodwill | Core deposit and other intangible assets | Deferred taxes | Total tangible assets | Total equity | Total equity | Goodwill | Core deposit and other intangible assets | Deferred taxes | Total tangible equity |"}
{"_id": "d85e93d18", "title": "", "text": "| In millions of dollars at December 31, 2009 Level 1 Level 2 Level 3 Gross inventory Netting-1 Net balance | Assets | Federal funds sold and securities borrowed or purchased under | agreements to resell | Trading securities | Trading mortgage-backed securities | U.S. government-sponsored agency guaranteed | Prime | Alt-A | Subprime | Non-U.S. residential | Commercial | Total trading mortgage-backed securities |"}
{"_id": "d8a266c84", "title": "", "text": "PART II ITEM 5.\nMARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS, AND ISSUER PURCHASES OF EQUITY SECURITIES Our common stock is listed on the New York Stock Exchange under the symbol \"APD. \"\nAs of 31 October 2019, there were 5,166 record holders of our common stock.\nCash dividends on the Company’s common stock are paid quarterly.\nIt is our expectation that we will continue to pay cash dividends in the future at comparable or increased levels.\nThe Board of Directors determines whether to declare dividends and the timing and amount based on financial condition and other factors it deems relevant.\nDividend information for each quarter of fiscal years 2019 and 2018 is summarized below:"}
{"_id": "d8beec4f8", "title": "", "text": "| 2015 2014 | December 31 (in millions) | Indefinite-Lived Intangible Assets: | Franchise rights | Trade names | FCC licenses | Finite-Lived Intangible Assets: | Customer relationships | Software | Cable franchise renewal costs and contractual operating rights | Patents and other technology rights | Other agreements and rights | Total |"}
{"_id": "d8cf926e0", "title": "", "text": "| 2010 2011 2012 2013 2014 | Retail electric volumes sold (millions of kWhs) | Number of retail customers accounts:(a) | Industrial and large commercial | Mass market |"}
{"_id": "d8e316dba", "title": "", "text": "| Year ended December 31, | (Dollar amounts in millions) | Balance at January 1 | Additions for tax positions of prior years | Reductions for tax positions of prior years | Additions based on tax positions related to current year | Lapse of statute of limitations | Settlements | Positions assumed in acquisitions | Balance at December 31 | Year Ended December 31, 2009 | FirstQuarter | (in millions, except per share amounts) | Revenues | Operating income | Net income | Basic earnings per share-1 | Diluted earnings per share-1 |"}
{"_id": "d888f5782", "title": "", "text": "| (in thousands) | Cash paid | Prior investment in HPL | Acquisition-related costs | Total purchase price |"}
{"_id": "d86a901ca", "title": "", "text": "Effective January 1, 2013, GS Bank USA implemented the revised market risk regulatory framework outlined above.\nThese changes resulted in increased regulatory capital requirements for market risk, and will be reflected in all of GS Bank USAs Basel-based capital ratios for periods beginning on or after January 1, 2013.\nGS Bank USA is also currently working to implement the Basel 2 framework, as implemented by the Federal Reserve Board.\nGS Bank USA will adopt Basel 2 once approved to do so by regulators.\nIn addition, the capital requirements for GS Bank USA are expected to be impacted by the June 2012 proposed modifications to the Agencies capital adequacy regulations outlined above, including the requirements of a floor to the advanced risk-based capital ratios.\nIf enacted as proposed, these proposals would also change the regulatory framework for prompt corrective action that is applicable to GS Bank USA by, among other things, introducing a common equity Tier 1 ratio requirement, increasing the minimum Tier 1 capital ratio requirement and introducing a supplementary leverage ratio as a component of the prompt corrective action analysis.\nGS Bank USA will also be impacted by aspects of the Dodd-Frank Act, including new stress tests.\nThe deposits of GS Bank USA are insured by the FDIC to the extent provided by law.\nThe Federal Reserve Board requires depository institutions to maintain cash reserves with a Federal Reserve Bank.\nThe amount deposited by the firms depository institution held at the Federal Reserve Bank was approximately $58.67 billion and $40.06 billion as of December 2012 and December 2011, respectively, which exceeded required reserve amounts by $58.59 billion and $39.51 billion as of December 2012 and December 2011, respectively.\nTransactions between GS Bank USA and its subsidiaries and Group Inc.  and its subsidiaries and affiliates (other than, generally, subsidiaries of GS Bank USA) are regulated by the Federal Reserve Board.\nThese regulations generally limit the types and amounts of transactions (including credit extensions from GS Bank USA) that may take place and generally require those transactions to be on market terms or better to GS Bank USA.\nThe firms principal non-U.\nS.  bank subsidiaries include GSIB, a wholly-owned credit institution, regulated by the FSA, and GS Bank Europe, a wholly-owned credit institution, regulated by the Central Bank of Ireland, which are both subject to minimum capital requirements.\nAs of December 2012 and December 2011, GSIB and GS Bank Europe were both in compliance with all regulatory capital requirements.\nOn January 18, 2013, GS Bank Europe surrendered its banking license to the Central Bank of Ireland after transferring its deposits to GSIB."}
{"_id": "d8bf799ca", "title": "", "text": "| In millions, except per share amounts 2012 | Net sales | Earnings (loss) from continuing operations (a) | Net earnings (loss) (a) | Diluted earnings (loss) from continuing operations per share (a) | Diluted net earnings (loss) per share (a) | Principal Concentrate and/or Syrup Plants | Owned | Europe, Middle East & Africa | Latin America | North America | Asia Pacific | Bottling Investments | Corporate | Total1 |"}
{"_id": "d8b661900", "title": "", "text": "| Year Ended December 31 2018 over 2017 2017 over 2016 | ($ in millions) | Sales and service revenues | Segment operating income | As a percentage of segment sales |"}
{"_id": "d88cf8d98", "title": "", "text": "| In millions 2009 2008 2007 | Sales | Operating Profit |"}
{"_id": "d8c6c1520", "title": "", "text": "PERFORMANCE GRAPH The following chart presents a comparison for the five-year period ended June 30, 2018, of the market performance of the Companys common stock with the S&P 500 Index and an index of peer companies selected by the Company.\nHistoric stock price performance is not necessarily indicative of future stock price performance.\nCOMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN Among Jack Henry & Associates, Inc. , the S&P 500 Index, and a Peer Group"}
{"_id": "d89a8e700", "title": "", "text": "Table 1: Excludes total return swaps as they are not specifically linked to a credit index or credit event.\n(2) The Corporation considers ratings of BBB- or higher to meet the definition of investment grade.\n(3) Includes non-rated credit derivative instruments\nThe following table presents the components of All Others equity investment income and a reconciliation to the total consolidated equity investment income for 2008 and 2007."}
{"_id": "d83b5a2de", "title": "", "text": "Interest Rate Risk We are exposed to interest rate risk as a result of maintaining trading inventories of fixed income instruments and actively manage this risk using hedging techniques that involve swaps, futures, and U. S.  Treasury and agency MBS passthrough obligations.\nWe monitor, on a daily basis, the Value-at-Risk (VaR) in our institutional Fixed Income trading portfolios (cash instruments and interest rate derivatives).\nVaR is a statistical technique for estimating the potential loss in trading portfolios due to typical adverse market movements over a specified time horizon at a particular confidence level.\nTo calculate VaR, we use historical simulation.\nThis approach assumes that historical changes in market conditions are representative of future changes.\nThe simulation is based upon daily market data for the previous twelve months.\nVaR is reported at a 99% confidence level, based on a one-day time horizon.\nThis means that we could expect to incur losses greater than those predicted by the VaR estimates only once in every 100 trading days, or about 2.5 times a year on average over the course of time.\nDuring the fiscal year ended September 30, 2009, the reported daily loss in the institutional Fixed Income trading portfolio exceeded the predicted VaR one time.\nHowever, trading losses on a single day could exceed the reported VaR by significant amounts in unusually volatile markets and might accumulate over a longer time horizon, such as a number of consecutive trading days.\nAccordingly, we employ additional interest rate risk controls including stress testing, position limits, a daily review of trading results, review of the status of aged inventory, independent controls on pricing, monitoring of concentration risk and review of issuer ratings.\nThe following table sets forth the high, low and daily average VaR for our overall institutional portfolio during the fiscal year ended September 30, 2009, with the corresponding dollar value of our portfolio:"}
{"_id": "d81a10434", "title": "", "text": "| Payments due by period | Total | (In thousands) | Long-term debt obligations | Capital lease obligations | Interest expense on long-term debt and capital lease obligations | Satellite-related obligations | Operating lease obligations | Purchase obligations | Total |"}
{"_id": "d8b044536", "title": "", "text": "| Con Edison Con Edison of New York | (Millions of Dollars) | Change in Projected Benefit Obligation | Projected benefit obligation at beginning of year | Service cost – excluding administrative expenses | Interest cost on projected benefit obligation | Plan amendments | Net actuarial loss | Benefits paid | Projected Benefit Obligation at End of Year | Change in Plan Assets | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contributions | Benefits paid | Administrative expenses | Fair Value of Plan Assets at End of Year | Funded status | Unrecognized net loss | Unrecognized prior service costs | Net Prepaid Benefit Cost | Accumulated Benefit Obligation |"}
{"_id": "d8aa6445e", "title": "", "text": "Stock Price Performance The following graph shows a comparison of the cumulative total return on our common stock, the Standard & Poor's 500 Index and the Standard & Poor's 500 Retail Index.\nThe graph assumes that the value of an investment in our common stock and in each such index was $100 on December 30, 2006, and that any dividends have been reinvested.\nThe comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock.\nCOMPARISON OF CUMULATIVE TOTAL RETURN AMONG ADVANCE AUTO PARTS, INC. , S&P 500 INDEX AND S&P 500 RETAIL INDEX"}
{"_id": "d8d757588", "title": "", "text": "| December 31, 2008 | Less than 12 Months | Estimated | Fair | Value | (In millions, except number of securities) | Fixed Maturity Securities: | U.S. corporate securities | RMBS | Foreign corporate securities | U.S. Treasury, agency and government guaranteed securities | CMBS | ABS | Foreign government securities | State and political subdivision securities | Other fixed maturity securities | Total fixed maturity securities | Equity securities | Total number of securities in an unrealized loss position |"}
{"_id": "d863d002e", "title": "", "text": "Owned and leased hotel expenses decreased during the year ended December 31, 2017 compared to the year ended December 31, 2016 primarily as a result of the effect of foreign currency changes of $40 million.\nOn a currency neutral basis, owned and leased hotel expenses increased $31 million as a result of an increase of $39 million at our comparable hotels, due to increased variable operating costs driven by increased occupancy.\nThis increase in owned and leased hotel expenses was partially offset by a decrease at our non-comparable hotels, primarily attributable to a decrease of $10 million in expenses due to a net disposal of properties between January 1, 2016 and December 31, 2017."}
{"_id": "d8f058316", "title": "", "text": "containerboard, kraft papers and saturating kraft.\nKapStone also owns Victory Packaging, a packaging solutions distribution company with facilities in the U. S. , Canada and Mexico.\nWe have included the financial results of KapStone in our Corrugated Packaging segment since the date of the acquisition.\nOn September 4, 2018, we completed the acquisition (the “Schlüter Acquisition”) of Schlüter Print Pharma Packaging (“Schlüter”).\nSchlüter is a leading provider of differentiated paper and packaging solutions and a German-based supplier of a full range of leaflets and booklets.\nThe Schlüter Acquisition allowed us to further enhance our pharmaceutical and automotive platform and expand our geographical footprint in Europe to better serve our customers.\nWe have included the financial results of the acquired operations in our Consumer Packaging segment since the date of the acquisition.\nOn January 5, 2018, we completed the acquisition (the “Plymouth Packaging Acquisition”) of substantially all of the assets of Plymouth Packaging, Inc.  (“Plymouth”).\nThe assets we acquired included Plymouth’s “Box on Demand” systems, which are manufactured by Panotec, an Italian manufacturer of packaging machines.\nThe addition of the Box on Demand systems enhanced our platform, differentiation and innovation.\nThese systems, which are located on customers’ sites under multi-year exclusive agreements, use fanfold corrugated to produce custom, on-demand corrugated packaging that is accurately sized for any product type according to the customer’s specifications.\nFanfold corrugated is continuous corrugated board, folded periodically to form an accordion-like stack of corrugated material.\nAs part of the transaction, WestRock acquired Plymouth’s equity interest in Panotec and Plymouth’s exclusive right from Panotec to distribute Panotec’s equipment in the U. S.  and Canada.\nWe have fully integrated the approximately 60,000 tons of containerboard used by Plymouth annually.\nWe have included the financial results of Plymouth in our Corrugated Packaging segment since the date of the acquisition.\nSee “Note 3.\nAcquisitions and Investment” of the Notes to Consolidated Financial Statements for additional information.\nSee also Item 1A."}
{"_id": "d8f2cb2ba", "title": "", "text": "| (In millions) E&P OSM RM&T Total | Balance as of December 31, 2006 | Acquired | Adjusted(a) | Balance as of December 31, 2007 | Adjusted(a) | Impaired | Disposed(b) | Balance as of December 31, 2008 |"}
{"_id": "d8c18d676", "title": "", "text": "| Balance as of December | (in millions) | Accounts Receivable | Assets Under Management | Medical Costs Payable | Other Policy Liabilities | Other Current Liabilities |"}
{"_id": "d874e97ca", "title": "", "text": "| Twelve Months Ended | (Millions of Dollars) | Operating revenues | Purchased power | Fuel | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Electric operating income |"}
{"_id": "d8f3b2476", "title": "", "text": "| Change | 2007 | (in thousands) | Military services: | Base receivable | Change orders | Military services subtotal | Medicare | Commercial and other | Allowance for doubtful accounts | Total net receivables | Reconciliation to cash flow statement: | Provision for doubtful accounts | Receivables from acquisition | Change in receivables per cash flow statement resulting in cash from operations |"}
{"_id": "d8873b28e", "title": "", "text": "| Number of Common Shares Repurchased Value of Common Shares Repurchased Average Price Paid Per Share Dividends Paid Total Return to Shareholders | Fourth Quarter 2015 | First Quarter 2016 | Second Quarter 2016 | Third Quarter 2016 | Fourth Quarter 2016 - pre-Separation | Fourth Quarter 2016 - post-Separation(a) | 79 |"}
{"_id": "d88e1c4cc", "title": "", "text": "| Interest Rate CAPS 2005 2006 | Notional Amount(d) | Cap Rate(e) |"}
{"_id": "d88c88674", "title": "", "text": "| Aggregate cost Fair value Level 2 Level 3 | December 31, 2009 | December 31, 2008 |"}
{"_id": "d8e88eaae", "title": "", "text": "| 2017 2016 | Assumed health care cost trend rate for next year | Ultimate trend rate | Year in which ultimate trend rate is reached |"}
{"_id": "d8ddb69a6", "title": "", "text": "| Year Ended December 31, 2015 | Performance Share Unit Awards | Outstanding at January 1, | Granted | Vested | Forfeited | Outstanding at December 31, |"}
{"_id": "d896fc768", "title": "", "text": "The Company paid income taxes of $60,515, $42,116, and $62,965 in 2011, 2010, and 2009, respectively.\nAt June 30, 2010, the Company had $7,187 of unrecognized tax benefits.\nAt June 30, 2011, the Company had $8,897 of unrecognized tax benefits, of which, $6,655, if recognized, would affect our effective tax rate.\nWe had accrued interest and penalties of $1,030 and $890 related to uncertain tax positions at June 30, 2011 and 2010, respectively.\nA reconciliation of the unrecognized tax benefits for the years ended June 30, 2011 and 2010 follows:"}
{"_id": "d8acf02fe", "title": "", "text": "On Sept.  21, 2007, the MPUC approved NSP-Minnesotas remaining lives depreciation filing lengthening the life of the Monticello nuclear plant by 20 years, effective Jan.  1, 2007, which decreased the related ARO and related regulatory asset by $120.9 million in the third quarter of 2007.\nIndeterminate AROs  PSCo has underground natural gas storage facilities that have special closure requirements for which the final removal date cannot be determined, therefore an ARO has not been recorded.\nRemoval Costs  Xcel Energy accrues an obligation for plant removal costs for other generation, transmission and distribution facilities of its utility subsidiaries.\nGenerally, the accrual of future non-ARO removal obligations is not required.\nHowever, long-standing ratemaking practices approved by applicable state and federal regulatory commissions have allowed provisions for such costs in historical depreciation rates.\nThese removal costs have accumulated over a number of years based on varying rates as authorized by the appropriate regulatory entities.\nGiven the long periods over which the amounts were accrued and the changing of rates through time, the utility subsidiaries have estimated the amount of removal costs accumulated through historic depreciation expense based on current factors used in the existing depreciation rates."}
{"_id": "d886784be", "title": "", "text": "Total Revenues For the reasons stated above, our reported consolidated revenues increased $334.1 million, or 9.5%, to $3,845.6 million for the year ended December 31, 2017 from $3,511.5 million for the year ended December 31, 2016.\nThe net impact of acquisitions/divestitures contributed 6.6% to the reported consolidated revenue growth rate for the year ended December 31, 2017 compared to the prior year period, primarily driven by our acquisition of Recall.\nConsolidated internal revenue growth was 2.3% in the year ended December 31, 2017 compared to the prior year period.\nForeign currency exchange rate fluctuations increased our reported consolidated revenue by 0.6% in the year ended December 31, 2017 compared to the prior year period, primarily due to the strengthening of the Australian dollar, Brazilian real, Canadian dollar and the Euro against the United States dollar, somewhat offset by the weakening of the British pound sterling against the United States dollar, based on an analysis of weighted average rates for the comparable periods.\nFor the reasons stated above, our consolidated revenues increased $503.5 million, or 16.7%, to $3,511.5 million for the year ended December 31, 2016 from $3,008.0 million for the year ended December 31, 2015.\nThe net impact of acquisitions/ divestitures contributed 18.2% to the reported consolidated revenue growth rates for the year ended December 31, 2016 compared to the prior year period, primarily driven by our acquisition of Recall.\nConsolidated internal revenue growth was 1.2% in the year ended December 31, 2016 compared to the prior year period.\nThese increases were partially offset by the impact of foreign currency exchange rate fluctuations, which decreased our reported consolidated revenue by 2.7% in the year ended December 31, 2016 compared to the prior year period, primarily due to the weakening of the Australian dollar, Brazilian real, British pound sterling, Canadian dollar and the Euro against the United States dollar, based on an analysis of weighted average rates for the comparable periods."}
{"_id": "d81f4017a", "title": "", "text": "Expenses increased slightly compared to the previous year.\nTable 2: Expense Breakdown\nThe rise in expenses was driven by increased R&D costs."}
{"_id": "d8d9603fc", "title": "", "text": "| Prior to application of SFAS 158 SFAS 158 Adoption Adjustments After application of SFAS 158 | Deferred taxes (current) | Deferred Taxes (long-term) | Other Assets | Accounts payable and accrued liabilities | Postretirement Benefits | Accumulated other comprehensive loss |"}
{"_id": "d8e98cb2c", "title": "", "text": "Volume trends improved in the fourth quarter, largely as a result of overall economic improvements, as average daily volume for Next Day Air and Deferred products increased 2.8% and 4.3%, respectively, over 2008 levels.\nGround volume demonstrated an improving trend over the previous quarters despite a 2.9% decline in the fourth quarter compared with 2008.\nRevenue Per Piece 2010 compared to 2009 Overall revenue per piece increased for our ground and air products in 2010, largely due to a combination of base price increases and fuel surcharge rate changes, which are discussed further below.\nThe revenue per piece for our air products also improved as a result of higher average package weights and the overall mix shift from letters to packages.\nFor both our air and ground products, revenue per piece was negatively affected by a shift in product mix to our less premium services, such as Next Day Air Saver and Ground Basic.\nRevenue per piece for our ground and air products was impacted by an increase in base rates that took effect on January 4, 2010.\nWe increased the base rates 6.9% on UPS Next Day Air, UPS 2nd Day Air, and UPS 3 Day Select, and 4.9% on UPS Ground.\nOther pricing changes included an increase in the residential surcharge, and an increase in the delivery area surcharge on both residential and commercial services to certain ZIP codes.\nThese rate changes are customary and occur on an annual basis.2009 compared to 2008 Revenue per piece for our air products was negatively affected in 2009 by a decline in the fuel surcharge rate for air products.\nAdditionally, the revenue per piece decline for our air products was impacted by lower average package weights and a mix shift toward lower yielding products, reflecting the economic recession in the United States.\nThe decline in revenue per piece for our ground products was primarily due to a decrease in the fuel surcharge rate, but was also impacted by lower average package weights.\nThe factors decreasing revenue per piece for our ground and air products were partially offset by an increase in base rates that took effect on January 5, 2009.\nWe increased the base rates 6.9% on UPS Next Day Air, UPS 2nd Day Air, and UPS 3 Day Select, and 5.9% on UPS Ground.\nOther pricing changes included an increase in the residential surcharge, and an increase in the delivery area surcharge on both residential and commercial services to certain ZIP codes.\nThe trend towards lower package weights began to stabilize in the fourth quarter, however product mix within our air and ground services continued to adversely impact revenue per piece, as the lower-yielding products within those categories represented a larger share of our overall package volume.\nFuel Surcharges UPS applies a fuel surcharge on our domestic air and ground services.\nThe air fuel surcharge is based on the U. S.  Energy Departments Gulf Coast spot price for a gallon of kerosene-type jet fuel, while the ground fuel surcharge is based on the U. S.  Energy Departments On-Highway Diesel Fuel Price.\nBased on published rates, the average fuel surcharge for domestic air and ground products was as follows:"}
{"_id": "d88f3715e", "title": "", "text": "| Property Additions-5 Depreciation and   Amortization-5 | 2010 | The Company’s operations by segment were: | Cabinets and Related Products | Plumbing Products | Installation and Other Services | Decorative Architectural Products | Other Specialty Products | 133 | Unallocated amounts, principally related to corporate assets | Total |"}
{"_id": "d87bac620", "title": "", "text": "| 2003 2002 2001 2000 1999 | (Dollars in thousands) | Balance beginning of year | Charge-offs: | Commercial | Real estate | Consumer and other | Total charge-offs | Recoveries: | Commercial | Real estate | Consumer and other | Total recoveries | Net recoveries (charge-offs) | Provision for loan losses | Balance end of year | Net recoveries (charge-offs) to average total loans | December 31, | 2003 | Amount | (Dollars in thousands) | Commercial | Real estate construction | Real estate term | Consumer and other | Unallocated | Total |"}
{"_id": "d8ef60a94", "title": "", "text": "| Shares in thousands Nonvested Incentive/ Performance Unit Shares Weighted- Average Grant Date Fair Value Nonvested Restricted Stock/ Unit Shares Weighted- Average Grant Date Fair Value | December 31, 2008 | Granted | Vested | Forfeited | December 31, 2009 |"}
{"_id": "d8d372670", "title": "", "text": "| Year ended December 31, | 2015 | (in millions) | International Insurance Segment: | Impact of intercompany arrangement-1 | Corporate and Other operations: | Impact of intercompany arrangement-1 | Settlement gains (losses) on forward currency contracts | Net benefit (detriment) to Corporate and Other operations | Net impact on consolidated revenues and adjusted operating income |"}
{"_id": "d8a5ad050", "title": "", "text": "(1) During the fourth quarter of 2016, we determined that our internal revenue growth rates for the three and nine months ended September 30, 2016 were incorrectly calculated in our Other International Business segment.\nApproximately $4.4 million of revenue associated with the Recall Transaction was attributed to our business as it existed prior to the Recall Transaction.\nThis incorrect calculation impacted our previously reported internal revenue growth rates for our Other International Business segment as well as our consolidated internal revenue growth rates.\nThe corrected internal storage rental revenue, internal service revenue and internal total revenue growth rates for our Other International Business segment were 7.5%, 1.6% and 5.0%, respectively, for the three months ended September 30, 2016 and 8.5%, 5.9% and 7.4%, respectively, for the nine months ended September 30, 2016.\nOur corrected consolidated internal storage rental revenue, internal service revenue and internal total revenue growth rates were 2.1%, (1.3)% and 0.8%, respectively, for the three months ended September 30, 2016 and 2.1%, (0.5)% and 1.1%, respectively, for the nine months ended September 30, 2016.\nManagement has assessed, both quantitatively and qualitatively, the impact of this incorrect calculation of our internal revenue growth rates for the three and nine months ended September 30, 2016 and concluded that such changes were not material to our Quarterly Report on Form 10-Q for the quarter ended September 30, 2016.\nWe expect our consolidated internal storage rental revenue growth rate for 2017 to be approximately 2.0% to 2.5%.\nDuring the past eight quarters, our internal storage rental revenue growth rate has ranged between 2.1% and 3.0%.\nOur internal storage rental revenue growth rates have been relatively stable over the past two fiscal years, as internal storage rental revenue growth for full year 2015 and 2016 were 2.7% and 2.3%, respectively.\nAt various points in the economic cycle, internal storage rental revenue growth may be influenced by changes in pricing and volume.\nWithin our international portfolio, the Western European Business segment is generating consistent low single-digit internal storage rental revenue growth, while the Other International Business segment is producing high single-digit internal storage rental revenue growth by capturing the first-time outsourcing trends for physical records storage and management in those markets.\nThe internal growth rate for service revenue is inherently more volatile than the internal growth rate for storage rental revenues due to the more discretionary nature of certain services we offer, such as large special projects, and, as a commodity, the volatility of pricing for recycled paper.\nThese revenues, which are often event-driven and impacted to a greater extent by economic downturns as customers defer or cancel the purchase of certain services as a way to reduce their short-term costs, may be difficult to replicate in future periods.\nThe internal growth rate for total service revenues over the past eight quarters reflects reduced retrieval/re-file activity and a related decrease in transportation revenues within our North American Records and Information Management Business and Western European Business segments, as well as continued service declines in service revenue activity levels in our North American Data Management Business segment as the storage business becomes more archival in nature."}
{"_id": "d8269a0b0", "title": "", "text": "| December 31, 2011 | Less Than 12 Months | Amortized | Cost | ABS | CDOs | CMBS | Corporate [1] | Foreign govt./govt. agencies | Municipal | RMBS | U.S. Treasuries | Total fixed maturities | Equity securities | Total securities in an unrealized loss | December 31, 2010 | Less Than 12 Months | Amortized | Cost | ABS | CDOs | CMBS | Corporate | Foreign govt./govt. agencies | Municipal | RMBS | U.S. Treasuries | Total fixed maturities | Equity securities | Total securities in an unrealized loss |"}
{"_id": "d82581e94", "title": "", "text": "| 2013 2012 | $1.50 billion revolving credit facility | 2013 Notes* | 2017 Notes | 2018 Notes | 2019 Notes | 2022 Notes | Senior Subordinated Convertible Notes | Other | Total debt | Less current portion | Long-term debt |"}
{"_id": "d863cffc0", "title": "", "text": "Owned and leased hotel revenues decreased during the year ended December 31, 2016 compared to the year ended December 31, 2015, primarily as a result of the effect of foreign currency changes and property disposals.\nForeign currency changes accounted for $62 million of the decrease.\nOn a currency neutral basis, revenues decreased $82 million, which was attributable to a net decrease in revenues of $85 million from properties disposed between January 1, 2015 and December 31, 2016.\nExcluding foreign currency changes and property disposals, revenues increased at our comparable owned and leased hotels due to an increase in RevPAR of 2.1 percent, primarily attributable to an increase in ADR of 2.9 percent."}
{"_id": "d8a8e9c0a", "title": "", "text": "REVIEW OF 2017 VS.  2016\nOur consolidated revenue increased in 2017 driven by higher volume across our Combat Systems group and increased revenue from aircraft deliveries and aircraft services in our Aerospace group.\nThese increases were offset partially by lower C4ISR (command, control, communications, computers, intelligence, surveillance and reconnaissance) solutions revenue in our Information Systems and Technology group.\nWhile revenue increased, operating costs and expenses decreased, resulting in an 11.9% increase in operating earnings and margin growth of 130 basis points.\nOperating earnings and margin expanded at each of our business groups in 2017."}
{"_id": "d8955bac6", "title": "", "text": "| U.S. Pension Benefits Non-U.S.Pension Benefits Other PostretirementBenefits | (Millions of dollars) | Change in plan assets: | Fair value of plan assets, beginning of year | Actual return on plan assets | Foreign currency exchange rates | Company contributions | Participant contributions | Benefits paid | Settlements and termination benefits | Fair value of plan assets, end of year |"}
{"_id": "d88244b4a", "title": "", "text": "Table of Contents ADOBE SYSTEMS INCORPORATED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) repatriated, the related U. S.  tax liability may be reduced by any foreign income taxes paid on these earnings.\nAs of November 30, 2012, the cumulative amount of earnings upon which U. S.  income taxes have not been provided is approximately $2.9 billion.\nThe unrecognized deferred tax liability for these earnings is approximately $0.8 billion.\nAs of November 30, 2012, we have U. S.  net operating loss carryforwards of approximately $33.7 million for federal and $77.7 million for state.\nWe also have federal, state and foreign tax credit carryforwards of approximately $1.9 million, $18.0 million and $17.6 million, respectively.\nThe net operating loss carryforward assets, federal tax credits and foreign tax credits will expire in various years from fiscal 2017 through 2032.\nThe state tax credit carryforwards can be carried forward indefinitely.\nThe net operating loss carryforward assets and certain credits are subject to an annual limitation under Internal Revenue Code Section 382, but are expected to be fully realized.\nIn addition, we have been tracking certain deferred tax attributes of $45.0 million which have not been recorded in the financial statements pursuant to accounting standards related to stock-based compensation.\nThese amounts are no longer included in our gross or net deferred tax assets.\nPursuant to these standards, the benefit of these deferred tax assets will be recorded to equity if and when they reduce taxes payable.\nAs of November 30, 2012, a valuation allowance of $28.2 million has been established for certain deferred tax assets related to the impairment of investments and certain foreign assets.\nFor fiscal 2012, the total change in the valuation allowance was $23.0 million, of which $2.1 million was recorded as a tax benefit through the income statement."}
{"_id": "d8619f818", "title": "", "text": "| 2005 2004 2003 | (in millions) | Net income | Other comprehensive income, net of tax: | Change in foreign currency translation adjustments | Change in net unrealized investments gains (losses)(1) | Additional pension liability adjustment | Cumulative effect of accounting change | Other comprehensive loss, net of tax benefit of $371, $461, $159 | Comprehensive income |"}
{"_id": "d8d0738b6", "title": "", "text": "| 2014 2013 | Remaining net rentals | Estimated unguaranteed residual value | Non-recourse mortgage debt | Unearned and deferred income | Net investment in leveraged lease |"}
{"_id": "d8746a57e", "title": "", "text": "| Contractual obligations by year | In millions of dollars at year end | Long-term debt obligations-1 | Operating lease obligations | Purchase obligations | Other liabilities reflected on the Company’s Consolidated Balance Sheet-2 | Total |"}
{"_id": "d812c0cf6", "title": "", "text": "| December 31, 2010 | Gross Derivative Assets | Trading | Derivatives | and | Contract/ | (Dollars in billions) | Interest rate contracts | Swaps | Futures and forwards | Written options | Purchased options | Foreign exchange contracts | Swaps | Spot, futures and forwards | Written options | Purchased options | Equity contracts | Swaps | Futures and forwards | Written options | Purchased options | Commodity contracts | Swaps | Futures and forwards | Written options | Purchased options | Credit derivatives | Purchased credit derivatives: | Credit default swaps | Total return swaps/other | Written credit derivatives: | Credit default swaps | Total return swaps/other | Gross derivative assets/liabilities | Less: Legally enforceable master netting agreements | Less: Cash collateral applied | Total derivative assets/liabilities |"}
{"_id": "d8abeaa12", "title": "", "text": "ADDITIONAL DISCLOSURES Forward-Looking Statements This report, including MD&A, contains certain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements, which are not historical facts and are subject to numerous assumptions, risks, and uncertainties.\nStatements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements.\nForward-looking statements may be identified by words such as expect, anticipate, believe, intend, estimate, plan, target, goal, or similar expressions, or future or conditional verbs such as will, may, might, should, would, could, or similar variations.\nThe forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.\nWhile there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements: changes in general economic, political, or industry conditions; uncertainty in U. S.  fiscal and monetary policy, including the interest rate policies of the Federal Reserve Board; volatility and disruptions in global capital and credit markets; movements in interest rates; competitive pressures on product pricing and services; success, impact, and timing of our business strategies, including market acceptance of any new products or services implementing our “Fair Play” banking philosophy; the nature, extent, timing, and results of governmental actions, examinations, reviews, reforms, regulations, and interpretations, including those related to the Dodd-Frank Wall Street\ndivestiture of our Arrow and Moores businesses, and an unfavorable sales mix of international plumbing products, which, in aggregate, decreased sales by two percent.\nNet sales for 2016 were positively affected by increased sales volume of plumbing products, paints and other coating products and builders' hardware.\nNet sales for 2016 were also positively affected by favorable sales mix of cabinets and windows, and net selling price increases of North American windows and North American and international plumbing products.\nNet sales for 2016 were negatively affected by lower sales volume of cabinets and lower net selling prices of paints and other coating products.\nOur gross profit margins were 32.2 percent, 34.2 percent and 33.4 percent in 2018, 2017 and 2016, respectively.\nThe 2018 gross profit margin was negatively impacted by an increase in commodity costs, the recognition of the inventory step up adjustment established as a part of the the acquisition of Kichler, an increase in other expenses (such as logistics costs and salaries) and unfavorable sales mix.\nThese negative impacts were partially offset by an increase in net selling prices, the benefits associated with cost savings initiatives, and increased sales volume.\nThe 2017 gross profit margin was positively impacted by increased sales volume, a more favorable relationship between net selling prices and commodity costs, and cost savings initiatives.\nSelling, general and administrative expenses as a percent of sales were 17.7 percent in 2018 compared with 18.6 percent in 2017 and 18.7 percent in 2016.\nThe decrease in selling, general and administrative expenses, as a percentage of sales, was driven by leverage of fixed expenses, due primarily to increased sales volume, and improved cost control."}
{"_id": "d8b1acb12", "title": "", "text": "| For the fiscal years ended June 30, | 2016 | (in millions, except %) | Revenues: | Consumer | Other | Total Revenues | Operating expenses | Selling, general and administrative | Segment EBITDA |"}
{"_id": "d8694b97c", "title": "", "text": "Retirement Benefits Pension Benefit Plans The Companys noncontributory pension plan (the Regular Pension Plan) covers U. S.  employees who became eligible after one year of service.\nThe benefit formula is dependent upon employee earnings and years of service.\nEffective January 1, 2005, newly-hired employees were not eligible to participate in the Regular Pension Plan.\nThe Company also provides defined benefit plans which cover non-U.\nS.  employees in certain jurisdictions principally the United Kingdom, Germany, Ireland, Japan and Korea (the Non-U.\nS.  Plans).\nOther pension plans are not material to the Company either individually or in the aggregate.\nThe Company has a noncontributory supplemental retirement benefit plan (the Officers Plan) for its officers elected prior to December 31, 1999.\nThe Officers Plan contains provisions for vesting and funding the participants expected retirement benefits when the participants meet the minimum age and years of service requirements.\nElected officers who were not yet vested in the Officers Plan as of December 31, 1999 had the option to remain in the Officers Plan or elect to have their benefit bought out in restricted stock units.\nEffective December 31, 1999, newly elected officers are not eligible to participate in the Officers Plan.\nEffective June 30, 2005, salaries were frozen for this plan.\nThe Company has an additional noncontributory supplemental retirement benefit plan, the Motorola Supplemental Pension Plan (MSPP), which provides supplemental benefits to individuals by replacing the Regular Pension Plan benefits that are lost by such individuals under the retirement formula due to application of the limitations imposed by the Internal Revenue Code.\nHowever, elected officers who are covered under the Officers Plan or who participated in the restricted stock buy-out are not eligible to participate in MSPP.\nEffective"}
{"_id": "d88f44142", "title": "", "text": "| 2004 2003 $ Change % Change | (Dollars in millions) | Years ended December 31, | Fee Revenue: | Servicing fees | Management fees | Trading services | Securities finance | Processing fees and other | Total fee revenue | Net Interest Revenue: | Interest revenue | Interest expense | Net interest revenue | Provision for loan losses | Net interest revenue after provision for loan losses | Gains on sales of available-for-sale investment securities, net | Gain on sale of Private Asset Management business, net of exitand other associated costs | Gain on sale of Corporate Trust business | Total revenue |"}
{"_id": "d89e1e73a", "title": "", "text": "2015 Compared to 2014.\nRevenue in 2015 increased by $815.0 million compared to 2014.\nOn a constant currency basis, revenue in 2015, using the prior year’s monthly exchange rates for our settlement currencies other than the U. S.  dollar, would have increased by $896.7 million or 64% compared to 2014.\nIn 2015, advertising revenue increased by 59% compared to 2014.\nOn a constant currency basis, advertising revenue in 2015, using the prior year’s monthly exchange rates for our settlement currencies other than the U. S.  dollar, would have increased 65% compared to 2014.\nThe substantial majority of our advertising revenue was generated from our owned and operated platform.\nAdvertising revenue generated from the sale of our advertising services on our owned and operated platform in 2015 was $1.80 billion as compared to $1.24 billion in 2014.\nAdvertising revenue generated from the sale of our advertising services on third party publishers’ websites, applications and other offerings in 2015 was $194.2 million as compared to $11.4 million in 2014, which increase was driven, in part, by the acquisition of TellApart.\nThe overall increase in advertising revenue was primarily attributable to a 107% increase in the number of ad engagements offset by a 23% decrease in average cost per ad engagement in 2015 compared to 2014.\nThe increase in ad engagements was primarily the result of our move to auto-play video in late 2015, as well as growth in our advertising revenue generated from third party publishers’ websites, applications and other offerings, and an increase in ad load.\nThe decrease in average cost per ad engagement was due primarily to the shift to auto-play video, which delivers more engagement at a much lower average cost per engagement than click-to-play video ads.\nAdvertising revenue continued to be driven by growth in demand for our advertising products, particularly video and website card formats as well as growth in our advertising base.\nIn 2015, data licensing and other revenue increased by 52% compared to 2014.\nThe increase was primarily attributable to growth in mobile advertising exchange services as well as the increase in data licensing fees from the offering of “Gnip”-branded products for a full year in 2015 as compared to the partial year in 2014.2014 Compared to 2013.\nRevenue in 2014 increased by $738.1 million compared to 2013.\nIn 2014, advertising revenue increased by 111% compared to 2013.\nThe increase was primarily attributable to a 175% increase in the number of ad engagements in 2014 offset by a 23% decrease in average cost per ad engagement in 2014 compared to 2013.\nAdvertising revenue also benefited from sales of our Promoted Products on our mobile applications as well as from an increase in international revenue.\nIn 2014, data licensing and other revenue increased by 109% compared to 2013.\nThe majority of this increase was attributable to a full year of revenue generated from mobile advertising exchange services in 2014 as compared to the partial year of revenue generated in the prior year."}
{"_id": "d8e62f826", "title": "", "text": "| December 31, 2009 December 31, 2008 | Financial Services Businesses | (in millions) | General Account | Commercial Mortgage-Backed Securities, at fair value: | Fixed Maturity Securities | Trading Account Assets Supporting Insurance Liabilities | Other Trading Account Assets | Commercial Mortgage Loans, at gross carrying value-1 | Real estate related joint ventures and limited partnerships-2 | Real estate held through direct ownership-3 | Other Entities and Operations-4 | Commercial Mortgage-Backed Securities, at fair value: | Fixed Maturity Securities | Other Trading Account Assets | Commercial Mortgage Loans, at gross carrying value-5 | Real estate related joint ventures and limited partnerships-2 | Real estate held through direct ownership-3 |"}
{"_id": "d8b698892", "title": "", "text": "| 2015 2014 | RiskCorridorSettlement | (in millions) | Other current assets | Trade accounts payable and accrued expenses | Net current (liability) asset |"}
{"_id": "d8c0f5ae2", "title": "", "text": "| 2005 2004 | High | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | For the Year |"}
{"_id": "d8239fc98", "title": "", "text": "| 2014 | Capital adequacy | Total risk-weighted assets(in millions)(11) | Tier 1 leverage ratio-11 | Tier 1 risk-based capital ratio-11 | Total risk-based capital ratio-11 | Tier 1 common risk-based capital ratio-11 | Tangible common equity / tangible asset ratio-8 | Tangible equity / tangible asset ratio-9 | Tangible common equity / risk-weighted assets ratio-11 |"}
{"_id": "d8f2d7790", "title": "", "text": "| Year Ended December 31, 2009 | in millions, except per share data | GAAP results | Non-GAAP adjustments: | Intangible asset impairment charges | Acquisition-related charges | Divestiture-related credits | Restructuring-related charges | Litigation-related net charges | Discrete tax items | Amortization expense | Adjusted results |"}
{"_id": "d815594ae", "title": "", "text": "| (In millions) United States Europe Africa Other Int’l Total | 2008 | Sales(a) | Transfers | Other income(b) | Total revenues | Expenses: | Production costs | Transportation costs | Exploration expenses | Depreciation, depletion and amortization | Administrative expenses | Total expenses | Other production-related income (loss)(c) | Results before income taxes | Income tax (provision) benefit | Results of continuing operations | 2007 | Sales(a) | Transfers | Other income(b) | Total revenues | Expenses: | Production costs | Transportation costs | Exploration expenses | Depreciation, depletion and amortization | Administrative expenses | Total expenses | Other production-related income(c) | Results before income taxes | Income tax (provision) benefit | Results of continuing operations | Results of discontinued operations | 2006 | Sales(a) | Transfers | Other income(b) | Total revenues | Expenses: | Production costs | Transportation costs | Exploration expenses | Depreciation, depletion and amortization | Administrative expenses | Total expenses | Other production-related income(c) | Results before income taxes | Income tax (provision) benefit | Results of continuing operations | Results of discontinued operations |"}
{"_id": "d8df5fef6", "title": "", "text": "| 2011 % Change 2010 % Change 2009 | Revenue | Gross Profit | Gross Profit Margin |"}
{"_id": "d869ea4dc", "title": "", "text": "| Pension Benefits Other Benefits | (Dollars in Millions) | Service cost—benefits earned during the year | Interest cost on projected benefit obligation | Expected return on plan assets | Net amortization and deferral | Net periodic benefit cost | Curtailments and settlements | Total net periodic benefit cost |"}
{"_id": "d8b80507c", "title": "", "text": "| Number ofOptions(In Millions) WeightedAverageExercisePrice WeightedAverageRemainingContractualTerm(In Years) AggregateIntrinsicValue(In Millions) | Vested | Expected to vest | Total |"}
{"_id": "d8a3e192e", "title": "", "text": "Consumer Packaging Demand and pricing for Consumer Packaging products correlate closely with consumer spending and general economic activity.\nIn addition to prices and volumes, major factors affecting the profitability of Consumer Packaging are raw material and energy costs, freight costs, manufacturing efficiency and product mix.\nConsumer Packaging net sales in 2014 decreased 1% from 2013, but increased 7% from 2012.\nOperating profits increased 11% from 2013, but decreased 34% from 2012.\nExcluding sheet plant closure costs, costs associated with the permanent shutdown of a paper machine at our Augusta, Georgia mill and costs related to the sale of the Shorewood business, 2014 operating profits were 11% lower than in 2013, and 30% lower than in 2012.\nBenefits from higher average sales price realizations and a favorable mix ($60 million) were offset by lower sales volumes ($11 million), higher operating costs ($9 million), higher planned maintenance downtime costs ($12 million), higher input costs ($43 million) and higher other costs ($7 million).\nIn addition, operating profits in 2014 include $8 million of costs associated with sheet plant closures, while operating profits in 2013 include costs of $45 million related to the permanent shutdown of a paper machine at our Augusta, Georgia mill and $2 million of costs associated with the sale of the Shorewood business."}
{"_id": "d87eb430e", "title": "", "text": "| Years Ended December 31, | 2008 | (in millions, except percentages) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Pretax income | Less: Net loss attributable to noncontrolling interests | Pretax income attributable to Ameriprise Financial | Percent Change 2017 vs. 2016 | Volume 1 | Consolidated | Europe, Middle East & Africa | Latin America | North America | Asia Pacific | Bottling Investments | Fiscal Year | 2017 | Apple Inc. (\"Apple\") | Huawei Technologies Co., Ltd. (\"Huawei\") | Samsung Electronics, Co., Ltd. (\"Samsung\") |"}
{"_id": "d8e470ae4", "title": "", "text": "| Years Ended December 31, | (in millions) | Net income | Depreciation and amortization | Income tax expense | Interest expense, net | EBITDA | Non-cash equity-based compensation | Net loss on extinguishment of long-term debt(a) | Loss (income) from equity investments(b) | Acquisition and integration expenses(c) | Gain on remeasurement of equity investment(d) | Other adjustments(e) | Adjusted EBITDA(f) | Years Ended December 31, | (dollars in millions) | Net sales | Gross profit | Income from operations | Net income | Non-GAAP net income | Adjusted EBITDA | Average daily sales | Net debt (defined as total debt minus cash and cash equivalents)(1) | Cash conversion cycle (in days)(2) | Years Ended December 31, | 2015 | Dollars inMillions | Net sales | Cost of sales | Gross profit | Selling and administrative expenses | Advertising expense | Income from operations | Interest expense, net | Net loss on extinguishments of long-term debt | Gain on remeasurement of equity investment | Other (expense) income, net | Income before income taxes | Income tax expense | Net income |"}
{"_id": "d86d03218", "title": "", "text": "FUTURE TRENDS The Company expects crude oil and natural gas production to increase in 2003 and 2004 compared to 2002.\nThe increased production in 2003 is expected primarily from the phase 2A expansion of the Alba field in Equatorial Guinea, the startup of production from the Mari-B field, offshore Israel, production from the CDX block in China and a full year of production in Ecuador.\nThe increase in 2004 is expected primarily from the continued expansion of markets in Israel and the phase 2B expansion of the LPG plant in Equatorial Guinea.\nThe Company recently set its 2003 capital expenditures budget at approximately $510 million.\nSuch expenditures are planned to be funded principally through internally generated cash flows.\nThe Company believes that it has the capital structure to take advantage of strategic acquisitions, as they become available, through internally generated cash flows or available lines of credit and other borrowing opportunities.\nEcuador.\nNoble Energy has been actively engaged in exploration, exploitation and development of crude oil and natural gas properties in Ecuador since 1996.\nThe Company is currently utilizing the gas in the Amistad gas field (offshore Ecuador), which was discovered in the 1970s, to generate electricity through its 100 percent owned natural gas-fired power plant, located near the city of Machala.\nCurrently generating 130 MW, with additional capital investment, the power plant will ultimately be capable of generating 220 MW of electricity into the Ecuadorian power grid.\nThe concession covers 12,355 gross developed acres and 851,771 gross undeveloped acres encompassing the Amistad field.\nFor more information, see Item 2.\nProperties--Crude Oil and Natural Gas of this Form 10-K.  Equatorial Guinea.\nNoble Energy has been actively engaged in exploration, exploitation and development of crude oil and natural gas properties offshore Equatorial Guinea (West Africa) since 1990.\nThe offshore Equatorial Guinea production is from the Alba field, which produces natural gas and condensate.\nThe majority of the natural gas production is sold to a methanol plant, which began production in the second quarter of 2001.\nThe methanol plant has a 25-year contract to purchase natural gas from the Alba field.\nThe plant is owned by Atlantic Methanol Production Company LLC (AMPCO), in which the Company indirectly owns a 45 percent interest through its ownership of Atlantic Methanol Capital Company (AMCCO).\nFor more information on the methanol plant, see Item 1.  Business--Unconsolidated Subsidiary of this Form 10-K.  At December 31, 2002, the Company held 45,203 gross developed acres and 266,754 gross undeveloped acres offshore Equatorial Guinea on which the Company may conduct future exploration activities.\nFor more information, see Item 2.\nProperties--Crude Oil and Natural Gas of this Form 10-K.  Israel.\nNoble Energy has been actively engaged in exploration, exploitation and development of crude oil and natural gas properties in the Mediterranean Sea, offshore Israel, since 1998.\nThe Company owns a 47 percent interest in 11 licenses and two leases.\nAt December 31, 2002, the Company held 123,552 gross developed acres and 1,028,796 gross undeveloped acres located about 20 miles offshore Israel in water depths ranging from 700 feet to 5,000 feet.\nNoble Energy and its partners announced on June 25, 2002 they had executed a definitive agreement for the sale of natural gas to Israel Electric Corporation (IEC).\nFor more information, see Item 2.\nProperties--Crude Oil and Natural Gas of this Form 10-K.  North Sea.\nNoble Energy has been actively engaged in exploration, exploitation and development of crude oil and natural gas properties in the North Sea (Denmark, Netherlands and United Kingdom) since 1996.\nAt December 31, 2002, the Company held 81,675 gross developed acres and 677,029 gross undeveloped acres on which the Company may conduct future exploration activities.\nFor more information, see Item 2.\nProperties-- Crude Oil and Natural Gas of this Form 10-K.  Vietnam.\nNoble Energy owns a 77 percent interest in two offshore blocks totaling 1,701,812 gross undeveloped acres in the Nam Con Son Basin.\nFor more information, see Item 2.\nProperties--Crude Oil and Natural Gas of this Form 10-K.  Production Activities Operated Property Statistics.\nThe percentage of crude oil and natural gas wells operated and the percentage of sales volume from operated properties are shown in the following table as of December 31:"}
{"_id": "d88020968", "title": "", "text": "| December 31, 2014 | Nonaccrual | Outstanding Balances(a) | (Dollars in thousands) | New York | Pennsylvania | Mid-Atlantic | Other | Total |"}
{"_id": "d8aa51642", "title": "", "text": "Additional paid-in-capital (APIC) P Pool p p ( ) The Company adopted ASU 2016-09 during fiscal 2018.\nASU 2016-09 eliminated the APIC pool and requires that excess tax benefits and tax deficiencies be recorded in the income statement when awards are settled.\nAs a result of this adoption the Company recorded total excess tax benefits of $28.7 million and $26.2 million in fiscal 2019 and fiscal 2018, respectively, from its stock-based compensation payments within income tax expense in its consolidated statements of income.\nFor fiscal 2017, the APIC pool represented the excess tax benefits related to stock-based compensation that were available to absorb future tax deficiencies.\nIf the amount of future tax deficiencies was greater than the available APIC pool, the Company recorded the excess as income tax expense in its consolidated statements of income.\nFor fiscal 2017, the Company had a sufficient APIC pool to cover any tax deficiencies recorded and as a result, these deficiencies did not affect its results of operations."}
{"_id": "d86248fe4", "title": "", "text": "Equity Equity at December 31, 2014 was $6.6 billion, a decrease of $1.6 billion from December 31, 2013.\nThe decrease resulted primarily due to share repurchases of $2.3 billion, $273 million of dividends to shareholders, and an increase in Accumulated other comprehensive loss of $760 million, partially offset by Net income of $1.4 billion.\nThe $760 million increase in Accumulated other comprehensive loss from December 31, 2013, primarily reflects the following: ?\nnegative net foreign currency translation adjustments of $504 million, which are attributable to the strengthening of the U. S.  dollar against certain foreign currencies, ?\nan increase of $260 million in net post-retirement benefit obligations, ?\nnet derivative gains of $5 million, and ?\nnet investment losses of $1 million."}
{"_id": "d8c1fedee", "title": "", "text": "| (millions) 2006 | Net sales | Gross profit | Net earnings (loss) | Current assets | Noncurrent assets | Current liabilities | Noncurrent liabilities | (millions) | 2006 | Trademarks | Other | Total |"}
{"_id": "d8664f82c", "title": "", "text": "| Change | Fiscal Year | 2012 | R&D Expenses | R&D Expenses as a % of Revenue |"}
{"_id": "d8d8ae9cc", "title": "", "text": "management’s discussion and analysis of financial condition and results of operations maturity at an effective rate of 6.33%.\nIn December we issued $250 million of unsecured floating rate debt at 26 basis points over LIBOR.\nThe debt matures in two years, but is callable at our option after six months.\n● In August, we paid off $15 million of a $40 million secured floating rate term loan.\nWe also assumed $29.9 million of secured debt in conjunction with a property acquisition in Atlanta.\n● The average balance and average borrowing rate of our $500 million revolving credit facility were slightly higher in 2004 than in 2003.\nAt the end of 2004 we were not utilizing our credit facility."}
{"_id": "d8b0839a2", "title": "", "text": "| Pension Postretirement | Non-U.S. Plans | 2005 | Discount rate | Rate of compensation increase | 2004 | Discount rate | Rate of compensation increase |"}
{"_id": "d8b1ea386", "title": "", "text": "| 2016 2015 | (in millions) | Balance Sheet Data: | Current assets | Current liabilities | Long-term liabilities | Equity |"}
{"_id": "d8e73f23e", "title": "", "text": "National City sold residential mortgage loans and home equity lines of credit (collectively, loans) in the normal course of business.\nThese agreements usually require certain representations concerning credit information, loan documentation, collateral, and insurability.\nOn a regular basis, investors may request PNC to indemnify them against losses on certain loans or to repurchase loans which the investors believe do not comply with applicable representations.\nUpon completion of its own investigation as to the validity of the claim, PNC will repurchase or provide indemnification on such loans.\nIndemnification requests are generally received within two years subsequent to the date of sale.\nManagement maintains a liability for estimated losses on loans expected to be repurchased, or on which indemnification is expected to be provided, and regularly evaluates the adequacy of this recourse liability based on trends in repurchase and indemnification requests, actual loss experience, known and inherent risks in the loans, and current economic conditions.\nAt December 31, 2008 the liability for estimated losses on repurchase and indemnification claims was $406 million."}
{"_id": "d8efba5da", "title": "", "text": "| Con Edison CECONY | (millions of dollars) | Electric | Generation | Transmission | Distribution | Gas* | Steam | General | Held for future use | Construction work in progress | Net Utility Plant |"}
{"_id": "d8bf4ef9a", "title": "", "text": "(J) Net Loss per Share Basic net loss per share is computed by dividing net loss by the weighted-average number of common shares outstanding during the fiscal year.\nDiluted net loss per share is computed by dividing net loss by the weighted-average number of dilutive common shares outstanding during the fiscal year.\nDiluted weighted-average shares reflect the dilutive effect, if any, of potential common stock such as options and warrants based on the treasury stock method.\nNo potential common stock is considered dilutive in periods in which a loss is reported, such as the fiscal years ended March 31, 2001, 2002 and 2003, because all such common equivalent shares would be antidilutive.\nThe calculation of diluted weighted-average shares outstanding for the years ended March 31, 2001, 2002 and 2003 excludes the options to purchase common stock as shown below."}
{"_id": "d8ed31994", "title": "", "text": "| (Dollars in millions, except per share amounts, shares in thousands) Period Total Number of Shares Purchased Under Publicly Announced Program Average Price Paid per Share Approximate Dollar Value of Shares Purchased UnderPublicly Announced Program Approximate Dollar Value of Shares Yet to be Purchased Under Publicly Announced Program | October 1 - October 31, 2011 | November 1 - November 30, 2011 | December 1 - December 31, 2011 | Total |"}
{"_id": "d8968e1fa", "title": "", "text": "| Year Ended December | in millions | Residential mortgages | Commercial mortgages | Other financial assets | Total | Cash flows on retained interests |"}
{"_id": "d8f8056d6", "title": "", "text": "| Jurisdiction Years Subject to Examination N/A Additional Open Years 2014-2018 | Indonesia | Peru | Chile |"}
{"_id": "d88143598", "title": "", "text": "| Maximum potential amount of future payments | In billions of dollars at December 31, | 2009 | Financial standby letters of credit | Performance guarantees | Derivative instruments considered to be guarantees | Loans sold with recourse | Securities lending indemnifications-1 | Credit card merchant processing-1 | Custody indemnifications and other | Total |"}
{"_id": "d86458d02", "title": "", "text": "| December 31, | 2010 | (In millions) | Net embedded derivatives within asset host contracts: | Ceded guaranteed minimum benefits | Options embedded in debt or equity securities | Net embedded derivatives within asset host contracts | Net embedded derivatives within liability host contracts: | Direct guaranteed minimum benefits | Other | Net embedded derivatives within liability host contracts | Years Ended December 31, | 2010 | (In millions) | Net derivative gains (losses) (1) | Policyholder benefits and claims |"}
{"_id": "d89e646b8", "title": "", "text": "11.\nReserves The following table provides reserve information by the Company’s major lines of business at the dates shown:"}
{"_id": "d8740b966", "title": "", "text": "| Fiscal Year Ended September 30, | Statement of Operations Data: | (in millions, except per share data) | Operating revenues | Operating expenses | Operating income | Net income attributable to Visa Inc. | Basic earnings per share—class A common stock | Diluted earnings per share—class A common stock |"}
{"_id": "d8bcd07e6", "title": "", "text": "| For the year ended December 31, 2011 | Change attributed to | As adjusted | (in millions, except per share data) | Revenue | Fees and other revenues | Net investment income | Expenses | Benefits, claims and settlement expenses | Operating expenses | Income before income taxes | Income taxes | Net income | Net income available to common stockholders | Earnings per common share | Basic earnings per common share | Diluted earnings per common share |"}
{"_id": "d880d3e50", "title": "", "text": "| (Millions) 2006 2005 2004 | Total intrinsic value of stock options exercised | Cash received from stock option exercises | Income tax benefit from the exercise of stock options | Total fair value of stock options vested |"}
{"_id": "d8deebe52", "title": "", "text": "| In Millions 2011 | Years Ended December 31 | CMS Energy, including Consumers | Issuance of FMBs, senior notes, and other debt | Retirement of debt | Issuance of common stock | Redemption of preferred stock | Payments of common and preferred stock dividends | Other financing activities | Net cash provided by (used in) financing activities | Consumers | Issuance of FMBs | Retirement of debt | Payment of common and preferredstock dividends | Redemption of preferred stock | Stockholder contribution from CMS Energy | Other financing activities | Net cash provided by (used in) financing activities |"}
{"_id": "d8dd2a91a", "title": "", "text": "| 2012 2011 2010 | Risk-free interest rate | Expected life (years) | Expected dividend yield | Volatility | Weighted-average Black-Scholes fair value per share at date of grant |"}
{"_id": "d8d5c95d6", "title": "", "text": "| Years Ended | September 24, 2005 | Amount | Product Sales | Mammography/Breast Care | Osteoporosis Assessment | Other | $229,075 |"}
{"_id": "d8e503dee", "title": "", "text": "| Total Equivalent Reserves (Thousands barrels of oil equivalent) | United States | Proved developed reserves: | December 31, 2010 | December 31, 2011 | December 31, 2012 | December 31, 2013 | Proved undeveloped reserves: | December 31, 2010 | December 31, 2011 | December 31, 2012 | December 31, 2013 | Total proved reserves: | Balance December 31, 2010 | Extensions, discoveries and other additions | Purchase of minerals in-place | Revisions of previous estimates | Production | Sale of properties | Balance December 31, 2011 | Extensions, discoveries and other additions | Purchase of minerals in-place | Revisions of previous estimates | Production | Sale of properties | Balance December 31, 2012 | Extensions, discoveries and other additions | Purchase of minerals in-place | Revisions of previous estimates | Production | Sale of properties | Balance December 31, 2013 |"}
{"_id": "d8c7913ce", "title": "", "text": "| East 2017 2018 2019 2020 AnnualAverage for2017-2020 | (Dollars in millions unless otherwise stated) | Net Coal Capacity (MW)(a) | Forecasted Coal Capacity (MW)(b) | Total Coal Sales (GWh)(c) | Percentage Coal Capacity Sold Forward(d) | Total Forward Hedged Revenues(e) | Weighted Average Hedged Price ($ per MWh)(e) | Average Equivalent Natural Gas Price ($ per MMBtu)(e) | Gross Margin Sensitivities | Gas Price Sensitivity Up $0.50/MMBtu on Coal Units | Gas Price Sensitivity Down $0.50/MMBtu on Coal Units | Heat Rate Sensitivity Up 1 MMBtu/MWh on Coal Units | Heat Rate Sensitivity Down 1 MMBtu/MWh on Coal Units |"}
{"_id": "d82d2c798", "title": "", "text": "Duration-Managed.\nOur exposure to interest rate risk stems largely from our substantial holdings of guaranteed fixed rate liabilities in our U. S.  Asset Management and Accumulation segment.\nWe actively manage the duration of assets and liabilities in these products by minimizing the difference between the two.\nWe have established a maximum tolerance for this difference and seek to stay within this tolerance.\nAs of December 31, 2007, the difference between the asset and liability durations on our primary duration-managed portfolio was -.01.\nThis duration gap indicates that, as of this date, the sensitivity of the fair value of our assets to interest rate movements is less than that of the fair value of our liabilities.\nOur goal is to minimize the duration gap.\nCurrently, our guidelines indicate that total duration gaps between the asset and liability portfolios should be within +/-0.25.\nThe value of the assets in this portfolio was $33,183.4 million as of December 31, 2007."}
{"_id": "d87cdce1e", "title": "", "text": "VISA INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) September 30, 2009 (in millions, except as noted) Note 2The Reorganization Description of the Reorganization and Purchase Consideration In a series of transactions from October 1 to October 3, 2007, Visa undertook a reorganization in which Visa U. S. A. , Visa International, Visa Canada and Inovant became direct or indirect subsidiaries of Visa Inc.  and the Retrospective Responsibility Plan was established.\nSee Note 4Retrospective Responsibility Plan.\nFor accounting purposes, the Company reflected the reorganization as a single transaction occurring on October 1 (the reorganization date), using the purchase method of accounting with Visa U. S. A.  as the accounting acquirer.\nThe net assets underlying the acquired interests in Visa International, Visa Canada, and Inovant (the acquired interests) were recorded at fair value at the reorganization date with the excess purchase price over this value attributed to goodwill.\nVisa Europe did not become a subsidiary of Visa Inc. , but rather remained owned and governed by its European member financial institutions and entered into a set of contractual arrangements with the Company in connection with the reorganization.\nThe Company issued different classes and series of common stock in the reorganization reflecting the different rights and obligations of the Visa financial institution members and Visa Europe.\nThe allocation of the Companys common stock to each of Visa AP, Visa LAC, Visa CEMEA, Visa Canada (collectively the acquired regions) and Visa U. S. A.\n(collectively the participating regions) was based on each entitys expected relative contribution to the Companys projected fiscal 2008 net income, after giving effect to negotiated adjustments.\nThis allocation was adjusted shortly prior to the IPO (the trueup) to reflect actual performance in the four quarters ended December 31, 2007.\nThe allocation of the Companys common stock and other consideration conveyed to Visa Europe in exchange for its ownership interest in Visa International and Inovant was determined based on the fair value of each element exchanged in the reorganization as discussed below and in Note 3Visa Europe.\nTotal shares authorized and issued to the financial institution member groups of the participating regions and to Visa Europe in the reorganization totaled 775,080,512 shares of class B and class C common stock.\nTotal purchase consideration, inclusive of the true-up, of approximately $18.4 billion comprised of the following:"}
{"_id": "d87a1442a", "title": "", "text": "| Years Ended December 31 2017 2016 Change 2016 2015 In Millions Change | Net Income Available to Common Stockholders | Reasons for the change | Electric deliveries and rate increases | Power supply costs and related revenue | Maintenance and other operating expenses | Depreciation and amortization | General taxes | Other income, net of expenses | Interest charges | Income taxes | Total change |"}
{"_id": "d88a37c3a", "title": "", "text": "| November 1, 2010 (In millions) | Assets acquired: | Total investments | Cash and cash equivalents | Accrued investment income | Premiums, reinsurance and other receivables | VOBA | Other assets | Separate account assets | Total assets | Liabilities assumed: | Future policy benefits | Policyholder account balances | Other policy-related balances | Current and deferred income tax liability | Other liabilities | Separate account liabilities | Total liabilities | Redeemable noncontrolling interests in partially owned consolidated subsidiaries assumed | Noncontrolling interests | Goodwill | Net assets acquired |"}
{"_id": "d89d74122", "title": "", "text": "| January 29, 2012 January 30, 2011 | GrossCarryingAmount | (In thousands) | Technology licenses | Acquired intellectual property | Patents | Total intangible assets |"}
{"_id": "d8628732a", "title": "", "text": "Recent Accounting Pronouncements In May 2014, the Financial Accounting Standards Board issued Accounting Standards Update No.2014-09, Revenue from Contracts with Customers (Topic 606) (ASU 2014-09), which amends the existing accounting standards for revenue recognition.\nASU 2014-09 is based on principles that govern the recognition of revenue at an amount an entity expects to be entitled when products are transferred to customers.\nASU 2014-09 will be effective for the Company beginning in its first quarter of 2018.\nEarly adoption is not permitted.\nThe new revenue standard may be applied retrospectively to each prior period presented or retrospectively with the cumulative effect recognized as of the date of adoption.\nThe Company is currently evaluating the impact of adopting the new revenue standard on its consolidated financial statements.\nWe measure the fair value of options on the grant date or modification date using the Black-Scholes-Merton (BlackScholes) option valuation model based upon the expected term of the options.\nWe measure the fair value of nonvested shares and share units (other than performance-based nonvested share units) based on the closing price of our common stock on the grant date.\nWe measure the fair value of performance-based nonvested share units based on the Monte Carlo valuation model, taking into account as necessary those provisions of the performance-based nonvested share units that are characterized as market conditions.\nWe generally expense the grant-date fair value, net of estimated forfeitures, over the vesting period on a straight-line basis.\nOptions, nonvested shares and nonvested share units (other than performance-based nonvested share units) granted to employees typically vest pro-rata based upon service over a three-year period with a portion vesting each year.\nPerformance-based nonvested share units granted to employees typically cliff vest at the end of a three-year period based upon satisfaction of both service-based and performance-based requirements.\nThe number of performance-based share units that ultimately vest can range from zero up to 200 percent of the number granted, based on the form of the award, which can vary by year of grant.\nThe performance metrics for these awards typically consist of earnings before interest, taxes, depreciation and amortization (EBITDA), EBITDA growth, return on equity, return on invested capital, total shareholder return or our stock price.\nDeferred stock units granted to non-employee directors vest when they are granted and are settled six months after the director separates from service as a director of the Company, except in the case of death.\nAll share units granted to employees and non-employee directors receive cumulative dividend equivalents to the extent of the units ultimately vesting at the time of distribution.\nOptions granted under our Plan have a maximum contractual term of ten years."}
{"_id": "d8b3c9b16", "title": "", "text": "| Number of Restricted Stock Weighted-Average Grant-Date Fair Value | Unvested restricted stock, December 31, 2007 | Granted | Vested and issued | Forfeited | Unvested restricted stock, December 31, 2008 | Granted | Vested and issued | Forfeited | Unvested restricted stock, December 31, 2009 | Granted | Vested and issued | Forfeited | Unvested restricted stock, December 31, 2010 | Bermuda Subsidiaries | (in millions of U.S. dollars) | Statutory capital and surplus | Statutory net income | % Change | (in millions of U.S. dollars, except for percentages) | Net premiums written | Net premiums earned | Losses and loss expenses | Policy benefits | Policy acquisition costs | Administrative expenses | Underwriting income | Net investment income | Net realized gains (losses) | Interest expense | Other (income) expense | Income tax expense | Net income | Loss and loss expense ratio | Policy acquisition cost ratio | Administrative expense ratio | Combined ratio |"}
{"_id": "d8ea7c42e", "title": "", "text": "Assets Under Management The following presentation and discussion of AUM includes Passive and Active AUM.\nPassive AUM includes ETFs, unit investment trusts (UITs), certain non-fee earning leverage and other passive mandates.\nActive AUM is total AUM less Passive AUM.\nThe AUM tables and the discussion below refer to AUM as long-term.\nAs of December 31, 2017, the company changed the presentation of long-term inflows, outflows and AUM to exclude UITs and product leverage.\nNon-management fee earning AUM now includes Invesco PowerShares QQQ, UITs and product leverage.\nIn the AUM tables below, all periods have been reclassified to conform to the new presentation.\nThe net flows in non-management fee earning AUM can be relatively short-term in nature and, due to the relatively low revenue yield, these can have a significanimpact on overall net revenue yield.\nAll periods have been  t reclassified to conform to the new presentation.\nLong-term inflows and the underlying reasons for the movements in this line item include investments from new clients, existing clients adding new accounts/funds or contributions/subscriptions into existing accounts/funds,and new funding commitments into private equity funds.\nBeginning with the six months ended December 31, 2017, reinvested dividends and capital gains are included in long-term inflows to be consistent with general industry practice.\nFor previous periods, reinvested dividends and capital gains were included in market gains and losses.\nLong-term outflows reflect client redemptions froaccounts/funds and include the return  m of invested capital on the maturity or liquidation of private equity funds.\nWe present net flows into institutional money market funds separately because shareholders of those funds typically use them as short-term funding vehicles and because their flows are particularly sensitive to short-term interest rate movements.\nChanges in AUM were as follows:"}
{"_id": "d8a5d64c8", "title": "", "text": "| New Sites (Acquired or Constructed) 2010 2009 2008 | Domestic | International-1 |"}
{"_id": "d8bb01c4e", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) plan specified guidelines.\nUnder specified conditions, the Company will make contributions to the plans and/or match a percentage of the employee contributions up to certain limits.\nTotal expense related to the defined contribution plans was $24.9 million, $24.8 million and $18.9 million in the years ended December 31, 2013, 2012 and 2011, respectively.\nThe Company has a number of defined benefit pension plans and other postretirement employee benefit plans covering eligible salaried and hourly employees and their dependents.\nThe defined pension benefits provided are primarily based on (i) years of service and (ii) average compensation or a monthly retirement benefit amount.\nThe Company provides defined benefit pension plans in France, Germany, Ireland, Italy, Japan, Mexico, Monaco, South Korea, Sweden, U. K.  and the U. S.  The other postretirement employee benefit plans, which provide medical and life insurance benefits, are unfunded plans.\nAll pension and other postretirement employee benefit plans in the U. S.  have been closed to new employees since 1999.\nThe measurement date for all plans is December 31.\nOn February 26, 2009, the Companys subsidiary BorgWarner Diversified Transmission Products Inc.  (DTP), entered into a Plant Shutdown Agreement with the United Auto Workers (UAW) for its Muncie, Indiana automotive component plant (the Muncie Plant).\nManagement subsequently wound-down production activity at the plant, with operations effectively ceased as of March 31, 2009.\nThe Plant Shutdown Agreement included terms allowing for lump sum payment of the pension obligation for certain participants if funding of the plan exceeded a defined level.\nIn accordance with these terms, in December 2012, the Company settled a portion of the pension obligation resulting in a non-cash loss of $5.7 million, which was recorded in other expense (income) within the Consolidated Statement of Operations.\nOn March 24, 2010, the Company finalized its settlement agreement regarding the closure of the Muncie Plant with the Pension Benefit Guaranty Corporation (PBGC) in which the Company agreed to make certain payments directly to the Muncie Plants defined benefit pension plan (the Plan).\nIn accordance with the settlement agreement, the Company made an initial cash contribution of $23 million for the 2009 Plan year and a cash contribution of $15 million in the year ended December 31, 2011.\nDuring the fourth quarter of 2012, the Company received notification from the PBGC that the terms of the settlement have been suspended pending review of the Companys financial strength under the PBGCs revised enforcement policy pilot program announced on November 2, 2012.\nThe evaluation was confirmed in January 2013 and as a result the Company currently does not have any obligations as described in the original agreement."}
{"_id": "d885402b8", "title": "", "text": "(1) Includes future principal and cash interest payments on long-term borrowings through scheduled maturity dates.\nInterest payments for variable rate debt were calculated using interest rates as of December 31, 2014.\nExcluded from these amounts are the amortization of debt issuance and other costs related to indebtedness.\n(2) Includes future principal and cash interest payments on long-term borrowings through scheduled maturity dates.\nInterest on the Senior Notes is calculated using the stated interest rates.\nExcluded from these amounts are the amortization of debt issuance and other costs related to indebtedness.\n(3) Includes the minimum lease payments for non-cancelable leases of properties and equipment used in our operations.\nAdditionally, included in these amounts are future minimum lease payments commencing in the fourth quarter of 2016 that relate to a new lease entered into in December 2014 for our future headquarters in Lincolnshire, Illinois.\nAlso reflected in these amounts is the future expiration of two leases in the first quarter of 2016 for facilities currently in use by us which we plan to consolidate into the new headquarters location and accordingly, these leases will not be renewed.\n(4) Represent commitments to return property subject to operating leases to original condition upon lease termination.\nOff-Balance Sheet Arrangements We have no off-balance sheet arrangements that have or are reasonably likely to have a material current or future effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.\nInflation Inflation has not had a material impact on our operating results.\nWe generally have been able to pass along price increases to our customers, though certain economic factors and technological advances in recent years have tended to place downward pressure on pricing.\nWe also have been able to generally offset the effects of inflation on operating costs by continuing to emphasize productivity improvements and by accelerating our overall cash conversion cycle.\nThere can be no assurances, however, that inflation would not have a material impact on our sales or operating costs in the future.\nCommitments and Contingencies The information set forth in Note 14 to the accompanying audited consolidated financial statements included in Part II, Item 8 of this Form 10-K is incorporated herein by reference.\nCritical Accounting Policies and Estimates The preparation of financial statements in accordance with GAAP requires management to make use of certain estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reported periods.\nWe base our estimates on historical experience and on various other assumptions that we believe are reasonable under the circumstances, the results of which form the basis for making judgments about carrying values of assets and liabilities that are not readily apparent from other sources.\nActual results could differ from those estimates.\nIn Note 1 to the accompanying audited consolidated financial statements, we include a discussion of the significant accounting policies used in the preparation of our consolidated financial statements.\nWe believe the following are the most critical accounting policies and estimates that include significant judgments used in the preparation of our financial statements.\nWe consider an accounting policy or estimate to be critical if it requires assumptions to be made that were uncertain at the time they were made, and if changes in these assumptions could have a material impact on our financial condition or results of operations.\nYear Ended December 31, 2014 Compared to Year Ended December 31, 2013 Results of operations, in dollars and as a percentage of net sales, for the years ended December 31, 2014 and 2013 are as follows:"}
{"_id": "d88d47b96", "title": "", "text": "| December 31, | (dollars in millions) | Common equity tier 1 capital | Impact of intangibles at 100% | Fully phased-in common equity tier 1 capital-1 | Total capital | Impact of intangibles at 100% | Fully phased-in total capital-1 | Risk-weighted assets | Impact of intangibles - 100% capital deduction | Impact of mortgage servicing assets at 250% risk weight | Fully phased-in risk-weighted assets-1 | Transitional common equity tier 1 capital ratio-2 | Fully phased-in common equity tier 1 capital ratio-1(2) | Transitional total capital ratio-3 | Fully phased-in total capital ratio-1(3) |"}
{"_id": "d87e7e038", "title": "", "text": "Performance Share Awards The vesting of PSAs is contingent upon meeting various individual, divisional or company-wide performance conditions, including revenue generation or growth in revenue, pretax income or earnings per share over a one- to five-year period.\nThe performance conditions are not considered in the determination of the grant date fair value for these awards.\nThe fair value of PSAs is based upon the market price of the Aon common stock at the date of grant.\nCompensation expense is recognized over the performance period, and in certain cases an additional vesting period, based on management’s estimate of the number of units expected to vest.\nCompensation expense is adjusted to reflect the actual number of shares issued at the end of the programs.\nThe actual issuance of shares may range from 0-200% of the target number of PSAs granted, based on the plan.\nDividend equivalents are not paid on PSAs.\nInformation regarding PSAs granted during the years ended December 31, 2011, 2010 and 2009 follows (shares in thousands, dollars in millions, except fair value):"}
{"_id": "d8247e146", "title": "", "text": "During the second quarter of 2016, we redeemed all outstanding shares of our Series A Preferred Stock, therefore we no longer pay Series A Preferred Stock dividends.\nSee Note 17, Capital Stock, to the consolidated financial statements for additional information."}
{"_id": "d8ce65b46", "title": "", "text": "| Years Ended December 31, | 2014 | (in millions, except per share data) | Income Statement Data: | Total net revenues | Total expenses | Income from continuing operations | Loss from discontinued operations, net of tax | Net income | Less: Net income (loss) attributable to noncontrolling interests | Net income attributable to Ameriprise Financial | Basic | Income from continuing operations | Loss from discontinued operations | Net income | Diluted | Income from continuing operations | Loss from discontinued operations | Net income | Cash Dividends Declared Per Common Share | December 31, | 2014 | (in millions) | Balance Sheet Data: | Investments-1 | Separate account assets | Total assets | Policyholder account balances, future policy benefits and claims | Separate account liabilities | Customer deposits | Long-term debt-1 | Short-term borrowings | Total liabilities | Total Ameriprise Financial, Inc. shareholders’ equity | Noncontrolling interests’ equity |"}
{"_id": "d8ed319da", "title": "", "text": "RELATED STOCKHOLDER MATTERS As a bank holding company, the parent company is a legal entity separate and distinct from its principal banking subsidiary, State Street Bank, and its non-banking subsidiaries.\nThe right of the parent company to participate as a shareholder in any distribution of assets of State Street Bank upon its liquidation, reorganization or otherwise is subject to the prior claims by creditors of State Street Bank, including obligations for federal funds purchased and securities sold under repurchase agreements and deposit liabilities.\nPayment of common stock dividends by State Street Bank is subject to the provisions of Massachusetts banking law, which provide that dividends may be paid out of net profits provided (i) capital stock and surplus remain unimpaired, (ii) dividend and retirement fund requirements of any preferred stock have been met, (iii) surplus equals or exceeds capital stock, and (iv) losses and bad debts, as defined, in excess of reserves specifically established for such losses and bad debts, have been deducted from net profits.\nUnder the Federal Reserve Act and Massachusetts state law, regulatory approval of the Federal Reserve and the Massachusetts Division of Banks would be required if dividends declared by State Street Bank in any year exceeded the total of its net profits for that year combined with its retained net profits for the preceding two years, less any required transfers to surplus.\nIn 2011, the parent company declared aggregate common stock dividends of $0.72 per share, or approximately $358 million.\nIn 2010, the parent company declared aggregate common stock dividends of $0.04 per share, or $20 million.\nThe 2011 common stock dividends represented the first increase in our common stock dividend since we announced a reduction of such dividends in the first quarter of 2009.\nThe prior approval of the Federal Reserve is required for us to pay future common stock dividends.\nInformation about dividends from the parent company and from our subsidiary banks is provided under CapitalRegulatory Capital in Managements Discussion and Analysis, included under Item 7, and in note 15 to the consolidated financial statements included under Item 8, and is incorporated herein by reference.\nFuture dividend payments of State Street Bank and other non-banking subsidiaries cannot be determined at this time.\nAs of December 31, 2011, the parent company had $500 million outstanding in aggregate liquidation preference of its series A preferred stock.\nHolders of shares of the preferred stock are entitled to receive noncumulative cash dividends, only when, as and if declared by the parent companys Board of Directors.\nAny dividends on the preferred stock are calculated at a rate per annum equal to the three-month LIBOR for the relevant three-month period plus 4.99%, with such dividend rate applied to the outstanding liquidation preference"}
{"_id": "d86481bd0", "title": "", "text": "| 2011 2010 2009 | (in millions) | Balance at January 1 | Additions based on tax positions related to the current year | Additions for tax positions of prior years | Reductions for tax positions of prior years | Settlements | Balance at December 31 |"}
{"_id": "d8cc34174", "title": "", "text": "The increase in total revenue compared to 2009 was driven primarily by fee revenue, partly offset by net losses related to investment securities in 2010, which included a net sale loss related to a repositioning of the investment portfolio.\nThe 18% increase in servicing fees from 2009 primarily resulted from the impact of new business awarded to us and installed during 2010 and prior periods on current-period revenue, the addition of revenue generated by the acquired Intesa and MIFA businesses from May 17 and April 1, respectively, through December 31, and increases in daily average equity market valuations.\nApproximately 41% of our servicing fees were generated outside the U. S.  in 2010, compared with 37% in 2009.\nAssets under custody and administration were $21.53 trillion, compared to $18.79 trillion in 2009, with the increase from 2009 primarily the result of increases in equity market valuations and a higher level of new servicing business won and installed prior to December 31, 2010, as well as the effects of the Intesa and MIFA acquisitions.\nManagement fees increased 8% from 2009 to 2010, primarily from the impact of increases in average month-end equity market valuations and, to a lesser extent, the impact of new business won and installed in prior periods on current-period revenue.\nApproximately 34% of our management fees were generated outside the U. S.  in 2010, down from 36% in 2009.\nAssets under management increased to $2.01 trillion at December 31, 2010, up $59 billion from $1.95 trillion a year earlier.\nTrading services revenue increased 1% primarily as a result of higher electronic trading volumes, partly offset by a decrease in foreign exchange trading revenue as a result of lower spreads on foreign exchange trades and a decline in currency volatility, partly offset by higher client volumes.\nSecurities finance revenue was down 44% as a result of lower spreads across all lending programs.\nProcessing fees and other revenue increased 104% due to higher net revenue from structured products, including fees from our tax-exempt investment program, and higher net revenue related to certain tax-advantaged investments.\nNet interest revenue increased primarily as a result of the impact of a higher portfolio allocation to fixedrate investment securities, U. S.  and non-U.\nS.  investment portfolio growth, and the impact of the deposits added in May 2010 in connection with the acquisition of the Intesa securities services business, partly offset by lower spreads on both floating-rate investment securities and non-U.\nS.  transaction deposits.\nWe recorded net realized losses of $55 million from sales of investment securities and, separately, losses from other-than-temporary impairment related to credit of $231 million for 2010, compared to net sale gains of $368 million and losses from other-than-temporary impairment related to credit of $227 million for 2009.\nIn December 2010, we undertook a repositioning of our investment securities portfolio by selling approximately"}
{"_id": "d86e9b7a6", "title": "", "text": "| (in 000s) | Less Than | Total | Debt | Long-term obligation to government | Acquisition payments | Pension obligation assumed | Capital lease obligation | Operating leases | Total contractual cash obligations |"}
{"_id": "d87e6bf8c", "title": "", "text": "| 2013 2012 | December 31, (in millions) | U.S. GAAP nettable derivative payables | Interest rate contracts: | OTC(a) | OTC–cleared | Exchange traded(b) | Total interest rate contracts | Credit contracts: | OTC | OTC–cleared | Total credit contracts | Foreign exchange contracts: | OTC(a) | OTC–cleared | Exchange traded(b) | Total foreign exchange contracts | Equity contracts: | OTC(a) | OTC–cleared | Exchange traded(b) | Total equity contracts | Commodity contracts: | OTC(a) | OTC–cleared | Exchange traded(b) | Total commodity contracts | Derivative payables with appropriate legal opinions | Derivative payables where an appropriate legal opinion has not been either sought or obtained | Total derivative payables recognized on the Consolidated Balance Sheets |"}
{"_id": "d8dd7a820", "title": "", "text": "| Years ended December 31, 2010 2009 2008 | Revenue | Operating income | Operating margin |"}
{"_id": "d891ea7c0", "title": "", "text": "insurance arrangement.\nAs a result of the adoption of this new guidance, the Company recorded a liabilityrepresenting the actuarial present value of the future death benefits as of the employees’ expected retirement dateof $45 million with the offset reflected as a cumulative-effect adjustment to January 1, 2008 Retained earningsand Accumulated other comprehensive income (loss) in the amounts of $4 million and $41 million, respectively,in the Company’s consolidated statement of stockholders’ equity.\nIt is currently expected that minimal, if any,further cash paymentswill be required to fund these policies.\nThe net periodic cost for these split-dollar life insurance arrangements was $6 million in both the years endedDecember 31, 2009 and 2008.\nThe Company has recorded a liability representing the actuarial present value ofthe future death benefits as of the employees’ expected retirement date of $48 million and $47 million as ofDecember 31, 2009 and December 31, 2008, respectively.\nDefined Contribution PlanThe Company and certain subsidiaries have various defined contribution plans, in which all eligibleemployees participate.\nIn the U. S. , the 401(k) plan is a contributory plan.\nMatching contributions are based uponthe amount of the employees’ contributions.\nEffective January 1, 2005, newly hired employees have a highermaximum matching contribution at 4% on the first 5% of employee contributions, compared to 3% on the first6% of employee contributions for employees hired prior to January 2005.\nEffective January 1, 2009, theCompany temporarily suspended all matching contributions to the Motorola 401(k) plan.\nThe Company’sexpenses, primarily relating to the employer match, for all defined contribution plans, for the years endedDecember 31, 2009, 2008 and 2007 were $8 million, $95 million and $116 million, respectively.8.\nShare-Based Compensation Plans and Other Incentive PlansStock Options, Stock Appreciation Rights and Employee Stock Purchase PlanThe Company grants options to acquire shares of common stock to certain employees, and existing optionholders in connection with the merging of option plans following an acquisition.\nEach option granted and stockappreciation right has an exercise price of no less than 100% of the fair market value of the common stock onthe date of the grant.\nThe awards have a contractual life of five to ten years and vest over two to four years.\nStock options and stock appreciation rights assumed or replaced with comparable stock options or stockappreciation rights in conjunction with a change in control only become exercisable if the holder is alsoinvoluntarily terminated (for a reason other than cause) or quits for good reason within 24 months of a change incontrol.\nThe employee stock purchase plan allows eligible participants to purchase shares of the Company’s commonstock through payroll deductions of up to 10% of eligible compensation on an after-tax basis.\nPlan participantscannot purchase more than $25,000 of stock in any calendar year.\nThe price an employee pays per share is 85%of the lower of the fair market value of the Company’s stock on the close of the first trading day or last tradingday of the purchase period.\nThe plan has two purchase periods, the first one from October 1 through March 31and the second one from April 1 through September 30.\nFor the years ended December 31, 2009, 2008 and2007, employees purchased 29.4 million, 18.9 million and 10.2 million shares, respectively, at purchase prices of$3.60 and $3.68, $7.91 and $6.07, and $14.93 and $15.02, respectively.\nThe Company calculates the value of each employee stock option, estimated on the date of grant, using theBlack-Scholes option pricing model.\nThe weighted-average estimated fair value of employee stock options grantedduring 2009, 2008 and 2007 was $2.78, $3.47 and $5.95, respectively, using the following weighted-averageassumptions:"}
{"_id": "d8aa3ae88", "title": "", "text": "| December 31, | 2013 | (in billions) | Assets Under Management and Administration | Advice & Wealth Management AUM | Asset Management AUM | Corporate & Other AUM | Eliminations | Total Assets Under Management | Total Assets Under Administration | Total AUM and AUA |"}
{"_id": "d87af088a", "title": "", "text": "| (in millions) Phosphates Potash Mosaic Fertilizantes Corporate,Eliminationsand Other (a) Total | Year Ended December 31, 2018 | Net sales to external customers | Intersegment net sales | Net sales | Gross margin | Canadian resource taxes | Gross margin (excluding Canadian resource taxes) | Operating earnings | Capital expenditures | Depreciation, depletion and amortization expense | Equity in net earnings (loss) of nonconsolidated companies | Year Ended December 31, 2017 | Net sales to external customers | Intersegment net sales | Net sales | Gross margin | Canadian resource taxes | Gross margin (excluding Canadian resource taxes) | Operating earnings | Capital expenditures | Depreciation, depletion and amortization expense | Equity in net earnings (loss) of nonconsolidated companies | Year Ended December 31, 2016 | Net sales to external customers | Intersegment net sales | Net sales | Gross margin | Canadian resource taxes | Gross margin (excluding Canadian resource taxes) | Operating earnings | Capital expenditures | Depreciation, depletion and amortization expense | Equity in net earnings (loss) of nonconsolidated companies | Total assets as of December 31, 2018 | Total assets as of December 31, 2017 | Total assets as of December 31, 2016 |"}
{"_id": "d8cc02af2", "title": "", "text": "| In millions of dollars 2016 2015 2014 | Net cash provided by (used in): | Operating activities | Investing activities | Financing activities | Effect of exchange rate changes on cash and cash equivalents | Decrease in cash and cash equivalents |"}
{"_id": "d86978fee", "title": "", "text": "| Payments Due During the Year Ending December 31, Debt Leases Purchase Obligations Total | 2012 | 2013 | 2014 | 2015 | 2016 | Thereafter | $2,282,123 |"}
{"_id": "d8d2b2ee2", "title": "", "text": "| As of December 31, 2016 | $ in millions | Cash and cash equivalents | Fund investments | Equity securities | Government debt securities | Other assets | Guaranteed investment contracts | Total |"}
{"_id": "d8cd63e1e", "title": "", "text": "| (dollars in 000s) | Year Ended April 30, | Average servicing portfolio: | With related MSRs | Without related MSRs | $67,184,916 | Ending servicing portfolio: | With related MSRs | Without related MSRs | $66,997,049 | Number of loans serviced | Average delinquency rate | Weighted average FICO score | WAC of portfolio | Carrying value of MSRs |"}
{"_id": "d826cd56e", "title": "", "text": "| Payments(Receipts) (In Millions) | Entergy Arkansas | Entergy Gulf States Louisiana | Entergy Louisiana | Entergy Mississippi | Entergy New Orleans | Entergy Texas |"}
{"_id": "d8bcea2f4", "title": "", "text": "| Amount | 2018 | 2019 | 2020 | 2021 | 2022 | Thereafter |"}
{"_id": "d878099b4", "title": "", "text": "| Year Ended December 31, | 2014 | Non-cash investing and financing activities: | Settlement of bankruptcy obligations | Capital lease obligations | Supplemental information: | Interest paid, net of amounts capitalized | Income taxes paid |"}
{"_id": "d8b1f138e", "title": "", "text": "Long-Term Liquidity Measurement: Net Stable Funding Ratio (NSFR) In 2016, the Federal Reserve Board, the FDIC and the OCC issued a proposed rule to implement the Basel III NSFR requirement.\nThe U. S. -proposed NSFR is largely consistent with the Basel Committees final NSFR rules.\nIn general, the NSFR assesses the availability of a banks stable funding against a required level.\nA banks available stable funding would include portions of equity, deposits and long-term debt, while its required stable funding would be based on the liquidity characteristics of its assets, derivatives and commitments.\nPrescribed factors would be required to be applied to the various categories of asset and liabilities classes.\nThe ratio of available stable funding to required stable funding would be required to be greater than 100%.\nWhile Citi believes that it is compliant with the proposed U. S.  NSFR rules as of December 31, 2017, it will need to evaluate a final version of the rules, which are expected to be released during 2018.\nCiti expects that the NSFR final rules implementation period will be communicated along with the final version of the rules."}
{"_id": "d8cd01110", "title": "", "text": "| (in millions) Salaries & Employee Benefits Occupancy & Equipment Other Total | Reserve balance as of January 1, 2012 | Additions | Reversals | Utilization | Reserve balance as of December 31, 2012 | Additions | Reversals | Utilization | Reserve balance as of December 31, 2013 | Additions | Reversals | Utilization | Reserve balance as of December 31, 2014 |"}
{"_id": "d8e305c9a", "title": "", "text": "| Years ended | September 25, 2010 | 2.00% accrued interest | Amortization of debt discount | Amortization of deferred financing costs | Non-cash interest expense | $111,722 |"}
{"_id": "d8b5469a8", "title": "", "text": "Contractual Commitments We have contractual obligations and commitments in the form of capital leases, operating leases, debt obligations, purchase commitments, and certain other liabilities.\nWe intend to satisfy these obligations through the use of cash flow from operations.\nThe following table summarizes the expected cash outflow to satisfy our contractual obligations and commitments as of December 31, 2010 (in millions):"}
{"_id": "d88fe4e26", "title": "", "text": "Determining Fair Value Valuation and Amortization Method.\nWe estimate the fair value of stock options granted using a lattice binomial model and a multiple option award approach.\nOur stock options have various restrictions, including vesting provisions and restrictions on transfer, and are often exercised prior to their contractual maturity.\nWe believe that lattice binomial models are more capable of incorporating the features of our stock options than closed-form models such as the Black Scholes model.\nThe use of a lattice binomial model requires the use of extensive actual employee exercise behavior and a number of complex assumptions including the expected volatility of our stock price over the term of the options, riskfree interest rates and expected dividends.\nWe amortize the fair value of options on a straight-line basis over the requisite service periods of the awards, which are generally the vesting periods.\nWe value restricted stock units using the intrinsic value method.\nWe amortize the value of restricted stock units on a straight-line basis over the restriction period.\nExpected Term .\nThe expected term of options granted represents the period of time that they are expected to be outstanding and is a derived output of the lattice binomial model.\nThe expected term of stock options is impacted by all of the underlying assumptions and calibration of our model.\nThe lattice binomial model assumes that option exercise behavior is a function of the options remaining vested life and the extent to which the market price of our common stock exceeds the option exercise price.\nThe lattice binomial model estimates the probability of exercise as a function of these two variables based on the history of exercises and cancellations on all past option grants made by us.\nExpected Volatility .\nWe estimate the volatility of our common stock at the date of grant based on the implied volatility of one-year and two-year publicly traded options on our common stock.\nOur decision to use implied volatility was based upon the availability of actively traded options on our common stock and our assessment that implied volatility is more representative of future stock price trends than historical volatility.\nRisk-Free Interest Rate.\nWe base the risk-free interest rate that we use in our option valuation model on the implied yield in effect at the time of option grant on constant maturity U. S.  Treasury issues with equivalent remaining terms.\nThe fair value of acquired Property, plant and equipment, primarily network-related assets, was valued under the replacement cost method, which determines fair value based on the replacement cost of new property with similar capacity, adjusted for physical deterioration over the remaining useful life.\nGoodwill is calculated as the excess of the consideration transferred over the net assets recognized and represents the future economic benefits arising from the other assets acquired that could not be individually identified and separately recognized.\nGoodwill is not deductible for tax purposes.\nPro Forma Financial Information The following table presents the unaudited pro forma combined results of operations of the Company and GDCL for the years ended December 31, 2016 and December 31, 2015 as if the acquisition of GDCL had occurred on January 1, 2016 and January 1, 2015, respectively, (in millions, except per share amounts):"}
{"_id": "d87ea4940", "title": "", "text": "| Years Ended December 31, | 2009 | (In millions) | Operating Revenues | Premiums | Universal life and investment-type product policy fees | Net investment income | Other revenues | Total operating revenues | Operating Expenses | Policyholder benefits and claims and policyholder dividends | Interest credited to policyholder account balances | Capitalization of DAC | Amortization of DAC and VOBA | Interest expense | Other expenses | Total operating expenses | Provision for income tax expense (benefit) | Operating earnings |"}
{"_id": "d8c1c8c3a", "title": "", "text": "The company estimates that a 10 percent appreciation in the underlying currencies being hedged from their levels against the U. S.  dollar, with all other variables held constant, would decrease the fair value of foreign exchange forward contracts by $526 million at December 31, 2012.\nIf realized, this appreciation would negatively affect earnings over the remaining life of the contacts.\nA 10 percent appreciation is believed to be a reasonably possible near-term change in foreign currencies."}
{"_id": "d8913765c", "title": "", "text": "| SPP Total Portfolio | 2014 | Rental revenues | Tenant recoveries | Totalsegmentrevenues | Operating expenses | NOI | Straight-line rents | Amortization of market lease intangibles, net | Lease termination fees | Adjusted NOI | Adjusted NOI % change | Property count | Average occupancy | Average occupied sq. ft. | Average annual totalsegmentrevenues per occupied sq. ft. | Average annual rental revenues per occupied sq. ft. |"}
{"_id": "d8785f030", "title": "", "text": "tissue pulp due to strong market demand, particularly from Asia.\nAverage sales price realizations improved significantly in 2007, principally reflecting higher average prices for softwood, hardwood and fluff pulp.\nOperating earnings in 2007 were $104 million compared with $48 million in 2006 and $37 million in 2005.\nThe benefits from higher sales price realizations were partially offset by increased input costs for energy, chemicals and freight.\nEntering the first quarter of 2008, demand for market pulp remains strong, and average sales price realizations should increase slightly.\nHowever, input costs for energy, chemicals and freight are expected to be higher, and increased spending is anticipated for planned mill maintenance outages.\nIndustrial Packaging Demand for Industrial Packaging products is closely correlated with non-durable industrial goods production, as well as with demand for processed foods, poultry, meat and agricultural products.\nIn addition to prices and volumes, major factors affecting the profitability of Industrial Packaging are raw material and energy costs, freight costs, manufacturing efficiency and product mix.\nINDUSTRIAL PACKAGING net sales for 2007 increased 6% to $5.2 billion compared with $4.9 billion in 2006, and 13% compared with $4.6 billion in 2005.\nOperating profits in 2007 were 26% higher than in 2006 and more than double 2005 earnings.\nBenefits from improved price realizations ($147 million), sales volume increases net of increased lack of order downtime ($3 million), a more favorable mix ($31 million), strong mill and converting operations ($33 million) and other costs ($47 million) were partially offset by the effects of higher raw material costs ($76 million) and higher freight costs ($18 million).\nIn addition, a gain of $13 million was recognized in 2006 related to a sale of property in Spain and costs of $52 million were incurred in 2007 related to the conversion of the paper machine at Pensacola to production of lightweight linerboard.\nThe segment took 165,000 tons of downtime in 2007 which included 16,000 tons of market-related downtime compared with 135,000 tons of downtime in 2006 of which none was market-related."}
{"_id": "d8f6a88a6", "title": "", "text": "Note 8.\nEquity Method Investments Investments accounted for under the equity method consist primarily of the following: ?45% interest in Atlantic Methanol Production Company, LLC (AMPCO), which owns and operates a methanol plant and related facilities in Equatorial Guinea; ?28% interest in Alba Plant LLC (Alba Plant), which owns and operates a liquefied petroleum gas processing plant in Equatorial Guinea; and ?50% interest in CONE Gathering LLC (CONE), which owns and operates natural gas gathering facilities servicing our joint venture properties in the Marcellus Shale.\nEquity method investments are included in other noncurrent assets in the consolidated balance sheets, and our share of earnings is reported as income from equity method investees in the consolidated statements of operations.\nOur share of income taxes incurred directly by the equity method investees is reported in income from equity method investees and is not included in our income tax provision in our consolidated statements of operations.\nAt December 31, 2012, our retained earnings included $111 million related to the undistributed earnings of equity method investees.\nThe carrying value of our AMPCO investment was $10 million higher than the underlying net assets of the investee at December 31, 2012.\nThe difference is related to capitalized interest which is being amortized into earnings over the remaining useful life of the plant.\nEquity method investments are as follows:"}
{"_id": "d8789c49e", "title": "", "text": "| 2007 2006 2005 | Weighted-average assumptions used to determine benefit obligations at December 31: | Discount rate | Rate of compensation increase | – Con Edison of New York | – O&R | Weighted-average assumptions used to determine net periodic benefit cost for the years ended December 31: | Discount rate | Expected return on plan assets | Rate of compensation increase | – Con Edison of New York | – O&R |"}
{"_id": "d889d03b4", "title": "", "text": "| Natural Gas and Casinghead Gas (Bcf) | United States | Proved reserves as of: | December 31, 2005 | Revisions of previous estimates-2 | Extensions, discoveries and other additions-3 | Purchase of minerals in place-4 | Sale of minerals in place-5 | Production | December 31, 2006 | Revisions of previous estimates-6 | Extensions, discoveries and other additions-7 | Purchase of minerals in place | Sale of minerals in place | Production | December 31, 2007 | Revisions of previous estimates-8 | Extensions, discoveries and other additions-9 | Purchase of minerals in place-10 | Sale of minerals in place | Production | December 31, 2008 | Proved developed reserves as of: | December 31, 2005 | December 31, 2006 | December 31, 2007 | December 31, 2008 |"}
{"_id": "d87bc81d6", "title": "", "text": "| North America Europe,Middle East& Africa Asia Pacific South America Total | Electrical/Electronic Architecture | Powertrain Systems | Electronics and Safety | Total | September 30, 2010 | Carrying Amount | (in 000’s) | Financial Assets: | Bank Loans, Net | Financial Liabilities: | Bank Deposits | Other Borrowings | Corporate Debt | As of September 30, | 2010 | AggregateAssets | (in 000’s) | LIHTC Funds | Other Real Estate Limited Partnerships and LLCs | Total | Year Ended September 30, | 2010 | Revenues: | Securities Commissions and Fees | Interest | Financial Service Fees | Other | Total Revenues | Interest Expense | Net Revenues | Non-Interest Expenses: | Sales Commissions | Admin & Incentive Comp and Benefit Costs | Communications and Information Processing | Occupancy and Equipment | Business Development | Clearance and Other | Total Non-Interest Expenses | Income Before Taxes and Including Noncontrolling Interests | Noncontrolling Interests | Pre-tax Income Excluding Noncontrolling Interests | Margin on Net Revenues |"}
{"_id": "d827cc708", "title": "", "text": "| Consolidated Statement of Income Data: Years Ended June 30 | (In thousands, except per share data) | Net revenues | Cost of sales | Product recall expenses | Gross profit | Selling, general and administrative expenses | Research and development expenses | Donations to research foundations | In-process research and development charge | Amortization of acquired intangible assets | Restructuring expenses | Total operating expenses | Income from operations | Other income (expenses): | Interest income (expense), net | Other, net | Total other income (expenses) | Income before income taxes | Income taxes | Net income | Basic earnings per share | Diluted earnings per share | Weighted average: | Basic shares outstanding | Diluted shares outstanding |"}
{"_id": "d86d030ec", "title": "", "text": "The Companys long-term debt, net of current portion, is comprised of: ?\n$250 million of 8% Senior Notes Due 2027 ?\n$100 million of 7 1/4% Notes Due 2097 ?\n$100 million of 7 1/4% Notes Due 2023 ?\n$380 million on the $400 million credit facility based upon a Eurodollar rate plus a range of 60 to 145 basis points depending upon the percentage of utilization and credit rating, maturing in 2006.\nThe interest rate at December 31, 2002 was 2.47 percent.\nThe interest rate at December 31, 2001 was 3.0 percent.  ?\n$125 million of 8.95% Series A-2 Notes on the AMCCO debt, payable in 2004.\nThere was no AMCCO debt on the Companys balance sheet at December 31, 2001.  ?\n$20.4 million on the Israel debt based upon the London Interbank Offering Rate (LIBOR) plus 75 basis points, payable in 2004.\nThe interest rate at December 31, 2002 was 2.18 percent.\nThere was no outstanding Israel debt at December 31, 2001.  ?\n$7.9 million of the 6.25% Aspect acquisition note, payable in 2004 ?\n($6.2) million unamortized discount The Company entered into a new $400 million five-year credit agreement on November 30, 2001 with certain commercial lending institutions which exposes the Company to the risk of earnings or cash flow loss due to changes in market interest rates.\nThe interest rate is based upon a Eurodollar rate plus a range of 60 to 145 basis points depending upon the percentage of utilization and credit rating.\nAt December 31, 2002, there was $380 million borrowed against this credit agreement, which has a maturity date of November 30, 2006.\nFor more information, see Item 8.\nFinancial Statements and Supplementary Data--Note 3 - Debt of this Form 10-K.\nThe Company also entered into a new $200 million 364-day credit agreement on November 27, 2002 with certain commercial lending institutions which exposes the Company to the risk of earnings or cash flow loss due to changes in market interest rates.\nThe interest rate is based upon a Eurodollar rate plus a range of 62.5 to 150 basis points depending upon the percentage of utilization and credit rating.\nAt December 31, 2002, there were no amounts outstanding under this credit agreement.\nThe agreement has a maturity date of November 26, 2003 for the revolving commitment and a maturity date of November 25, 2004 for the term commitment that includes any balance remaining after the revolving commitment matures.\nFor more information, see Item 8.\nFinancial Statements and Supplementary Data--Note 3 - Debt of this Form 10-K.  Financial covenants on both the $400 million and $200 million credit facilities include the following: (a) the ratio of Earnings Before Interest, Taxes, Depreciation and Exploration Expense (EBITDAX) to total interest expense for any consecutive period of four fiscal quarters ending on the last day of a fiscal quarter may not be less than 4.0 to 1.0; (b) the total debt to capitalization ratio, expressed as a percentage, may not exceed 60 percent at any time; and (c) the total asset value of the Companys restricted subsidiaries may not be less than $800 million at any time."}
{"_id": "d866fc8a6", "title": "", "text": "Securities Lending The Company participates in securities lending programs whereby blocks of securities, which are included in fixed maturity securities, and short-term investments are loaned to third parties, primarily major brokerage firms and commercial banks.\nThe Company generally requires collateral equal to 102% of the current estimated fair value of the loaned securities to be obtained at the inception of a loan, and maintained at a level greater than or equal to 100% for the duration of the loan.\nDuring the extraordinary market events occurring in the fourth quarter of 2008, the Company, in limited instances, accepted collateral less than 102% at the inception of certain loans, but never less than 100%, of the estimated fair value of such loaned securities.\nThese loans involved U. S.  Government Treasury Bills which are considered to have limited variation in their estimated fair value during the term of the loan.\nSecurities with a cost or amortized cost of $20.8 billion and $41.1 billion and an estimated fair value of $22.9 billion and $42.1 billion were on loan under the program at December 31, 2008 and 2007, respectively.\nSecurities loaned under such transactions may be sold or repledged by the transferee.\nThe Company was liable for cash collateral under its control of $23.3 billion and $43.3 billion at December 31, 2008 and 2007, respectively.\nOf this $23.3 billion of cash collateral at December 31, 2008, $5.1 billion was on open terms, meaning that the related loaned security could be returned to the Company on the next business day requiring return of cash collateral and $14.7 billion and $3.5 billion, respectively were due within 30 days and 60 days.\nThe estimated fair value of the securities related to the cash collateral on open at"}
{"_id": "d8f696ca0", "title": "", "text": "| Year Ended  December 28,  2003 Year Ended  December 29,  2002 Change | (In thousands) | Cost of product and service revenue |"}
{"_id": "d8ddf995e", "title": "", "text": "| Change | 2010 | Medical Membership: | Government segment: | Medicare Advantage | Medicare Advantage ASO | Total Medicare Advantage | Medicare stand-alone PDP | Total Medicare | Military services | Military services ASO | Total military services | Medicaid | Total Government | Commercial segment: | Fully-insured | ASO | Total Commercial | Total medical membership | Specialty Membership: | Commercial segment (a) |"}
{"_id": "d8f63a900", "title": "", "text": "| At December 31, | 2011 | (dollar amounts in millions) | Total risk-weighted assets | Bank | Tier 1 risk-based capital | Bank | Tier 2 risk-based capital | Bank | Total risk-based capital | Bank | Tier 1 leverage ratio | Bank | Tier 1 risk-based capital ratio | Bank | Total risk-based capital ratio | Bank |"}
{"_id": "d89a9d016", "title": "", "text": "REPUBLIC SERVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) The letters of credit use $909.4 million and $950.2 million as of December 31, 2012 and 2011, respectively, of availability under our Credit Facilities.\nSurety bonds expire on various dates through 2026.\nThese financial instruments are issued in the normal course of business and are not debt.\nBecause we currently have no liability for this financial assurance, it is not reflected in our consolidated balance sheets.\nHowever, we have recorded capping, closure and post-closure obligations and self-insurance reserves as they are incurred.\nThe underlying financial assurance obligations, in excess of those already reflected in our consolidated balance sheets, would be recorded if it is probable that we would be unable to fulfill our related obligations.\nWe do not expect this to occur.\nOur restricted cash and marketable securities deposits include, among other things, restricted cash and marketable securities held for capital expenditures under certain debt facilities, and restricted cash and marketable securities pledged to regulatory agencies and governmental entities as financial guarantees of our performance related to our final capping, closure and post-closure obligations at our landfills.\nThe following table summarizes our restricted cash and marketable securities as of December 31:"}
{"_id": "d8c70843e", "title": "", "text": "| 2014 2013 2012 | Cash, cash equivalents and marketable securities | Property, plant and equipment, net | Long-term debt | Working capital | Cash generated by operating activities | Cash used in investing activities | Cash used in financing activities |"}
{"_id": "d8a00cc9a", "title": "", "text": "| (in millions) 2018 2017 2016 | Total share repurchases, including CCAR capital plan repurchases | Purchase price of shares repurchased and retired-1 | CCAR capital plan repurchases | Other authorized repurchases | Total shares repurchased |"}
{"_id": "d8cf2bcd8", "title": "", "text": "| At or for the year ended December 31 | Dollars in millions, except as noted | BALANCESHEETHIGHLIGHTS | Assets | Loans (a) | Allowance for loan and lease losses | Interest-earning deposits with banks (b) | Investment securities | Loans held for sale (a) | Equity investments (c) | Mortgage servicing rights | Goodwill | Other assets (a) | Noninterest-bearing deposits | Interest-bearing deposits | Total deposits | Borrowed funds (a) (d) | Total shareholders’ equity | Common shareholders’ equity | Accumulated other comprehensive income (loss) | CLIENTINVESTMENTASSETS(billions) | Discretionary client assets under management | Nondiscretionary client assets under administration | Total client assets under administration (e) | Brokerage account client assets | Total | SELECTEDRATIOS | Net interest margin (f) | Noninterest income to total revenue | Efficiency | Return on | Average common shareholders’ equity | Average assets | Loans to deposits | Dividend payout | Transitional Basel III common equity Tier 1 capital ratio (g) (h) (i) | Transitional Basel III Tier 1 risk-based capital ratio (g) (h) (i) | Pro forma fullyphased-inBasel III common equity Tier 1 capital ratio (Non-GAAP)(h) (i) (j) | Basel I Tier 1 common capital ratio (i) | Basel I Tier 1 risk-based capital ratio (i) | Common shareholders’ equity to total assets | Average common shareholders’ equity to average assets | SELECTEDSTATISTICS | Employees | Retail Banking branches | ATMs | Residential mortgage servicing portfolio – Serviced for Third Parties (in billions) | Commercial loan servicing portfolio – Serviced for PNC and Others (inbillions) |"}
{"_id": "d8191002a", "title": "", "text": "| Year Ended December 31, | 2006 | (in thousands) | Consolidated Cash Flow Data: | Net cash provided by (used in): | Operating activities | Investing activities | Financing activities | Effect of exchange rates on cash and cash equivalents | Net increase (decrease) in cash and cash equivalents |"}
{"_id": "d8d8c13c4", "title": "", "text": "| (Dollars in millions) 2015 2014 2013 | Interest rate risk on mortgage banking income-1 | Credit risk on loans-2 | Interest rate and foreign currency risk on ALM activities-3 | Price risk on restricted stock awards-4 | Other |"}
{"_id": "d81589686", "title": "", "text": "addition, we are exposed to gains and losses resulting from fluctuations in foreign currency exchange rates on transactions generated by our international subsidiaries in currencies other than their local currencies.\nThese gains and losses are primarily driven by inter-company transactions.\nThese exposures are included in other income (expense), net on the consolidated statements of income.\nSince 2007, we have used foreign currency forward contracts to reduce the risk from exchange rate fluctuations on inter-company transactions and projected inventory purchases for our Canadian subsidiary.\nBeginning in December 2008, we began using foreign currency forward contracts in order to reduce the risk associated with foreign currency exchange rate fluctuations on inter-company transactions for our European subsidiary.\nWe do not enter into derivative financial instruments for speculative or trading purposes.\nBased on the foreign currency forward contracts outstanding as of December 31, 2009, we receive US Dollars in exchange for Canadian Dollars at a weighted average contractual forward foreign currency exchange rate of 1.04 CAD per $1.00 and US Dollars in exchange for Euros at a weighted average contractual forward foreign currency exchange rate of 0.70 EUR per $1.00.\nAs of December 31, 2009, the notional value of our outstanding foreign currency forward contracts for our Canadian subsidiary was $15.4 million with contract maturities of 1 month, and the notional value of our outstanding foreign currency forward contracts for our European subsidiary was $56.0 million with contract maturities of 1 month.\nThe foreign currency forward contracts are not designated as cash flow hedges, and accordingly, changes in their fair value are recorded in other income (expense), net on the consolidated statements of income.\nThe fair value of our foreign currency forward contracts was $0.3 million and $1.2 million as of December 31, 2009 and 2008, respectively.\nThese amounts are included in prepaid expenses and other current assets on the consolidated balance sheet.\nRefer to Note 9 for a discussion of the fair value measurements.\nOther income (expense), net included the following amounts related to changes in foreign currency exchange rates and derivative foreign currency forward contracts:"}
{"_id": "d8d64e646", "title": "", "text": "| In millions 2020 2019 | Pension expense | U.S. plans | Non-U.S. plans | Net expense | Investment Groups | Equity securities | Non-U.S. equity securities | Debt securities | Cash | Other |"}
{"_id": "d870c584c", "title": "", "text": "At The Market (ATM) Equity Program In October 2017, we entered into a distribution agreement (the “Distribution Agreement”) with a syndicate of 10 banks (the “Agents”) pursuant to which we may sell, from time to time, up to an aggregate sales price of $500.0 million of our common stock through the Agents (the “At The Market (ATM) Equity Program”).\nSales of our common stock made pursuant to the Distribution Agreement may be made in negotiated transactions or transactions that are deemed to be “at the market” offerings as defined in Rule 415 under the Securities Act of 1933, as amended (the \"Securities Act\"), including sales made directly on the NYSE, or sales made to or through a market maker other than on an exchange, or as otherwise agreed between the applicable Agent and us.\nWe intend to use the net proceeds from sales of our common stock pursuant to the At The Market (ATM) Equity Program for general corporate purposes, including financing the expansion of our data center business and adjacent businesses through acquisitions, and repaying amounts outstanding from time to time under the Revolving Credit Facility.\nDuring the quarter ended December 31, 2017 under the At The Market (ATM) Equity Program, we sold an aggregate of 1,481,053 shares of common stock for gross proceeds of approximately $60.0 million, generating net proceeds of $59.1 million after deducting commissions of $0.9 million.\nAs of December 31, 2017, the remaining aggregate sale price of shares of our common stock available for distribution under the At The Market (ATM) Equity Program was approximately $440.0 million.\nEquity Offering On December 12, 2017, we entered into an underwriting agreement (the “Underwriting Agreement”) with a syndicate of 16 banks (the “Underwriters”), related to the public offering by us of 14,500,000 shares (the “Firm Shares”) of our common stock (the “Equity Offering”).\nThe offering price to the public for the Equity Offering was $37.00 per share, and we agreed to pay the Underwriters an underwriting commission of $1.38195 per share.\nThe net proceeds to us from the Equity Offering, after deducting underwriters' commissions, was $516.5 million."}
{"_id": "d8c58c254", "title": "", "text": "| Plan category Number of securities to be issued upon exercise of outstanding options, warrants and rights(a) Weighted-average exerciseprice of outstanding options, warrants and rights(b) Number of securitiesremaining available forfuture issuance under equity compensation plans (excluding securities reflected in column (a))(c) | Equity compensation plans approved by security holders: | Equity compensation plans not approved by security holders: | Total |"}
{"_id": "d8e1b1c7c", "title": "", "text": "The fair value for RSU and restricted stock awards was calculated using the closing price of the Company’s common stock on the date of grant.\nThe fair value of the options granted was calculated using a Black-Scholes Merton option pricing model (Black-Scholes)."}
{"_id": "d8f8aa802", "title": "", "text": "include as events of default, defaults in payments of other debt obligations in excess of specified levels ($150 million or $100 million for CECONY, depending on the facility).\nNote D – Short-Term Borrowing In October 2011, Con Edison and the Utilities entered into a credit agreement (Credit Agreement), under which banks are committed to provide loans and letters of credit on a revolving credit basis.\nThe Credit Agreement, as amended, expires in October 2017.\nThere is a maximum of $2.25 billion of credit available through October 2016 and approximately $2.1 billion of credit available from then through October 2017.\nThe full amount is available to CECONY and $1.5 billion is available to Con Edison, including up to $1.2 billion of letters of credit.\nThe Credit Agreement supports the Companies’ commercial paper programs.\nThe Companies have not borrowed under the Credit Agreement.\nAt December 31, 2015, Con Edison had $1,529 million of commercial paper outstanding of which $1,033 million was outstanding under CECONY’s program.\nThe weighted average interest rate at December 31, 2015 was 0.7 percent for both Con Edison and CECONY.\nAt December 31, 2014, Con Edison had $800 million of commercial paper outstanding of which $450 million was outstanding under CECONY’s program.\nThe weighted average interest rate at December 31, 2014 was 0.4 percent for both Con Edison and CECONY.\nAt December 31, 2015 and 2014, no loans were outstanding under the Credit Agreement and $15 million and $11 million (including $11 million for CECONY) of letters of credit were outstanding under the Credit Agreement, respectively.\nThe banks’ commitments under the Credit Agreement are subject to certain conditions, including that there be no event of default.\nThe commitments are not subject to maintenance of credit rating levels or the absence of a material adverse change.\nUpon a change of control of, or upon an event of default by one of the Companies, the banks may terminate their commitments with respect to that company, declare any amounts owed by that company under the Credit Agreement immediately due and payable and require that company to provide cash collateral relating to the letters of credit issued for it under the Credit Agreement.\nEvents of default include the exceeding at any time of a ratio of consolidated debt to consolidated total capital of 0.65 to 1 (at December 31, 2015 this ratio was 0.52 to 1 for Con Edison and CECONY); having liens on its assets in an aggregate amount exceeding five percent of its consolidated total capital, subject to certain exceptions; and the failure, following any applicable notice period, to meet certain other customary covenants.\nInterest and fees charged for the revolving credit facilities and any loans made or letters of credit issued under the Credit Agreement reflect the Companies’ respective credit ratings.\nThe Companies were in compliance with their covenants at December 31, 2015.\nSee Note S for information about short-term borrowing between related parties.\nNote E – Pension Benefits Con Edison maintains a tax-qualified, non-contributory pension plan that covers substantially all employees of CECONY and O&R and certain employees of Con Edison’s competitive energy businesses.\nThe plan is designed to comply with the Internal Revenue Code and the Employee Retirement Income Security Act of 1974.\nIn addition, Con Edison maintains additional non-qualified supplemental pension plans.\nTotal Periodic Benefit Cost The components of the Companies’ total periodic benefit costs for 2015, 2014 and 2013 were as follows:"}
{"_id": "d88d47c4a", "title": "", "text": "| Transitional Basel III December 31, | (dollars in millions) | Total common stockholders’ equity | Exclusions-1: | Net unrealized (gains) losses recorded in accumulated other comprehensive income, net of tax: | Debt and marketable equity securities available for sale | Derivatives | Unamortized net periodic benefit costs | Deductions: | Goodwill | Deferred tax liability associated with goodwill | Other intangible assets | Total Common Equity Tier 1 Capital | Qualifying preferred stock | Total Tier 1 Capital | Qualifying long-term debt securities as tier 2 | Allowance for loan and lease losses | Allowance for credit losses for off-balance sheet exposure | Total capital |"}
{"_id": "d87db6e70", "title": "", "text": "| Payments Due by Year  In thousands of dollars | Contractual Obligations | Unconditional Purchase Obligations | Lease Obligations | Long-term Debt | Total Obligations |"}
{"_id": "d8c803dfc", "title": "", "text": "| Year Ended December 31 | $ in millions | Sales | Operating income | Operating margin rate |"}
{"_id": "d89fd9764", "title": "", "text": "| (in millions) 2015 2014 2013 | Investment banking fees | Principal transactions | Lending- and deposit-related fees | Asset management, administration and commissions | Securities gains | Mortgage fees and related income | Card income | Other income(a) | Noninterest revenue | Net interest income | Total net revenue |"}
{"_id": "d8663bfac", "title": "", "text": "Drivers of Risks Drivers of risks include, but are not limited to, the economic environment, regulatory or government policy, competitor or market evolution, business decisions, process or judgment error, deliberate wrongdoing, dysfunctional markets, and natural disasters.\nTypes of Risks The Firms risks are generally categorized in the following four risk types: Strategic risk is the risk associated with the Firms current and future business plans and objectives, including capital risk, liquidity risk, and the impact to the Firms reputation.\nCredit and investment risk is the risk associated with the default or change in credit profile of a client, counterparty or customer; or loss of principal or a reduction in expected returns on investments, including consumer credit risk, wholesale credit risk, and investment portfolio risk.\nMarket risk is the risk associated with the effect of changes in market factors, such as interest and foreign exchange rates, equity and commodity prices, credit spreads or implied volatilities, on the value of assets and liabilities held for both the short and long term.\nOperational risk is the risk associated with inadequate or failed internal processes, people and systems, or from external events and includes compliance risk, conduct risk, legal risk, and estimations and model risk.\nImpacts of Risks There may be many consequences of risks manifesting, including quantitative impacts such as reduction in earnings and capital, liquidity outflows, and fines or penalties, or qualitative impacts, such as reputation damage, loss of clients, and regulatory and enforcement actions.\nGovernance and Oversight Functions The Firm manages its risk through risk governance and oversight functions.\nThe scope of a particular function may include one or more drivers, types and/or impacts of risk.\nFor example, Country Risk Management oversees country risk which may be a driver of risk or an aggregation of exposures that could give rise to multiple risk types such as credit or market risk.\nThe following sections discusses the risk governance and oversight functions in place to manage the risks inherent in the Firms business activities.\nManagements discussion and analysis 118 JPMorgan Chase & Co. /2018 Form 10-K equivalent to the risk of loan exposures.\nDRE is a less extreme measure of potential credit loss than Peak and is used as an input for aggregating derivative credit risk exposures with loans and other credit risk.\nFinally, AVG is a measure of the expected fair value of the Firms derivative receivables at future time periods, including the benefit of collateral.\nAVG over the total life of the derivative contract is used as the primary metric for pricing purposes and is used to calculate credit risk capital and the CVA, as further described below.\nThe fair value of the Firms derivative receivables incorporates CVA to reflect the credit quality of counterparties.\nCVA is based on the Firms AVG to a counterparty and the counterpartys credit spread in the credit derivatives market.\nThe Firm believes that active risk management is essential to controlling the dynamic credit risk in the derivatives portfolio.\nIn addition, the Firms risk management process takes into consideration the potential impact of wrong-way risk, which is broadly defined as the potential for increased correlation between the Firms exposure to a counterparty (AVG) and the counterpartys credit quality.\nMany factors may influence the nature and magnitude of these correlations over time.\nTo the extent that these correlations are identified, the Firm may adjust the CVA associated with that counterpartys AVG.\nThe Firm risk manages exposure to changes in CVA by entering into credit derivative contracts, as well as interest rate, foreign exchange, equity and commodity derivative contracts.\nThe accompanying graph shows exposure profiles to the Firms current derivatives portfolio over the next 10 years as calculated by the Peak, DRE and AVG metrics.\nThe three measures generally show that exposure will decline after the first year, if no new trades are added to the portfolio.\nExposure profile of derivatives measures December 31, 2018 (in billions)"}
{"_id": "d874e9766", "title": "", "text": "| 2014 2013 -1 | Accrued property and real estate taxes | Payroll and related withholdings | Accrued construction costs | Accrued rent | Other accrued expenses | Balance as of December 31, | Twelve Months Ended | (Millions of Dollars) | Operating revenues | Purchased power | Gas purchased for resale | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | (Gain) on sale of solar electric production projects | Operating income (loss) |"}
{"_id": "d89e1e8d4", "title": "", "text": "As of December 31, 2015, we had $3.37 billion of federal and $1.34 billion of state net operating loss carryforwards available to reduce future taxable income.\nThese net operating loss carryforwards will begin to expire for federal income tax purposes and state income tax purposes in 2027 and 2016, respectively.\nWe also have research credit carryforwards of $188.2 million and $150.6 million for federal and state income tax purposes, respectively.\nThe federal research credit carryforward will begin to expire in 2027.\nThe state research credit carryforward has no expiration date.\nAdditionally, we have California Enterprise Zone credit carryforwards of $18.0 million which will begin to expire in 2023.\nUtilization of the net operating loss carryforwards and research credit carryforwards may be subject to an annual limitation due to the ownership change limitations provided by the Internal Revenue Code of 1986, as amended, and similar state provisions.\nAny annual limitation may result in the expiration of net operating losses and research credits before utilization."}
{"_id": "d8751613a", "title": "", "text": "Property, Plant and Equipment We state property, plant, equipment, and leasehold improvements at historical cost.\nWe charge expenditures for maintenance and repairs to expense and capitalize additions and improvements that extend the life of the underlying asset.\nWe provide for depreciation using the straight-line method at rates that approximate the estimated useful lives of the assets.\nWe depreciate buildings over a 20 to 40 year life; building improvements over the remaining useful life of the building structure; equipment, furniture and fixtures over a three to ten year life; and leasehold improvements over the shorter of the useful life of the improvement or the term of the related lease.\nDepreciation expense was $270 million in 2016, $274 million in 2015 and $287 million in 2014."}
{"_id": "d851738c2", "title": "", "text": "Commissions.\nTotal commissions increased by $15.4 million or 29.1% to $68.2 million for the year ended December 31, 2004 from $52.8 million for the comparable period in 2003.\nThis increase was primarily due to increases in the amount of U. S.  high-grade commissions and substantial increases in European high-grade commissions.\nU. S.  high-grade commissions increased by $5.2 million or 12.8% to $45.5 million for the year ended December 31, 2004 from $40.3 million for the comparable period in 2003.\nEuropean high-grade commissions increased by $8.0 million or 112.5% to $15.1 million from $7.1 million for the comparable period in 2003.\nOther commissions increased by $2.2 million or 41.0% to $7.6 million from $5.4 million for the comparable period in 2003.\nThese increases were primarily due to an increase in transaction volume from $192.2 billion for the year ended December 31, 2003 to $298.1 billion for the year ended December 31, 2004 generated by new and existing clients, offset by a 16.7% reduction in the average commission per million from $275 per million for the year ended December 31, 2003 to $229 per million for the year ended December 31, 2004.\nThis decrease in average commission per million was attributable to the full-year effect of our U. S.  high-grade fee plans, increasing volumes of transactions with lower fees per million and an increase in the percentage of trades executed on the platform with shorter maturities, which generally generate lower commissions per million, Information and User Access Fees."}
{"_id": "d81b48892", "title": "", "text": "| For the year ended | 12-31-07 | Town Grove, LLC | Avalon Del Rey, LLC | CVP I, LLC | Town Run Associates | AvalonTerrace, LLC-1 | MVP I, LLC | AvalonBay Value Added Fund, L.P. | AvalonBay Redevelopment LLC | Rent.com | Constellation Real Technologies | Total-2 |"}
{"_id": "d8f3d3932", "title": "", "text": "| Pension Postretirement | U.S. Plans | (in millions) | Components of net periodic benefit cost: | Service cost | Interest cost | Expected return on assets | Amortization of prior service credit | Amortization of net loss | Curtailment (gain) loss | Settlement loss | Other | Net periodic benefit cost | Total recognized in Accumulated other comprehensive income (loss) | Total recognized in net periodic benefit cost and other comprehensive income (loss) |"}
{"_id": "d87180d86", "title": "", "text": "| Pension plans Postretirement benefit plans | In millions of dollars | 2019 | 2020 | 2021 | 2022 | 2023 | 2024–2028 |"}
{"_id": "d8b8134b0", "title": "", "text": "| Year Ended December 31, | 2004 | Food Packaging Segment | Protective Packaging Segment | Total segments | Restructuring and other (charges) credits | Unallocated corporate operating expenses | Total |"}
{"_id": "d8e84a91c", "title": "", "text": "| Amount | 2019 | 2020 | 2021 | 2022 | 2023 |"}
{"_id": "d8c981756", "title": "", "text": "Common Stock Dividends Per Share Historically, Xcel Energy has paid quarterly dividends to its shareholders.\nFor the first quarter of 2004, Xcel Energy paid dividends to its shareholders of $0.1875 per share.\nIn each of the last three quarters of 2004, Xcel Energy paid dividends to its shareholders of $0.2075.\nFor each of the four quarters of 2003, Xcel Energy paid dividends to its shareholders of $0.1875 per share.\nFor each of the first two quarters of 2002, Xcel Energy paid dividends to its shareholders of $0.375 per share.\nIn each of the third and fourth quarters of 2002, Xcel Energy paid dividends to its shareholders of $0.1875 per share.\nDividends on common stock are paid as declared by the board of directors."}
{"_id": "d8c803e42", "title": "", "text": "| Year Ended December 31 | $ in millions | Product sales | Product costs-1 | % of product sales | Service sales | Service costs-1 | % of service sales |"}
{"_id": "d891c6fbe", "title": "", "text": "| (in millions) December 31, 2013 Net inflows (outflows) Market change FX impact -1 December 31, 2014 Full Year Average AUM-2 | Retail: | Equity | Fixed income | Multi-asset | Alternatives | Retail subtotal | iShares: | Equity | Fixed income | Multi-asset | Alternatives | iSharessubtotal | Institutional: | Active: | Equity | Fixed income | Multi-asset | Alternatives | Active subtotal | Index: | Equity | Fixed income | Multi-asset | Alternatives | Index subtotal | Institutional subtotal | Long-term | Cash management | Advisory-3 | Total |"}
{"_id": "d878ee41a", "title": "", "text": "| 2018 2017 2016 | Samsung Electronics Co., Ltd. | 11% | * | 11% |"}
{"_id": "d875591d8", "title": "", "text": "| $ in millions U.S. U.K. Continental Europe/Ireland Canada Asia Total | For the year ended December 31, 2014 | Revenue from external customers | Inter-company revenue | Total operating revenues | Long-lived assets | For the year ended December 31, 2013 | Revenue from external customers | Inter-company revenue | Total operating revenues | Long-lived assets | For the year ended December 31, 2012 | Revenue from external customers | Inter-company revenue | Total operating revenues | Long-lived assets |"}
{"_id": "d8ec4f526", "title": "", "text": "| 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 | (In millions) | Net Reserves Held | Discount (in Reserves Held) | Net Reserves Held (Undiscounted) | Paid (Cumulative) as of: | One year later | Two years later | Three years later | Four years later | Five years later | Six years later | Seven years later | Eight years later | Nine years later | Ten years later | 1998 | (In millions) | Net Reserves Held (Undiscounted) | Undiscounted Liability as of: | One year later | Two years later | Three years later | Four years later | Five years later | Six years later | Seven years later | Eight years later | Nine years later | Ten years later | Net Redundancy / (Deficiency) | Remaining Reserves (Undiscounted) | Remaining Discount | Remaining Reserves |"}
{"_id": "d8cf80db4", "title": "", "text": "| December 31, | 2012 | (in millions) | 7.875% notes payable, due 2014 | 3.76% notes payable, due 2015 | 1.85% notes payable, due 2017 | 8.875% notes payable, due 2019 | 3.3% notes payable, due 2022 | 3.125% notes payable, due 2023 | 6.05% notes payable, due 2036 | 4.625% notes payable, due 2042 | 4.35% notes payable, due 2043 | 8.0% surplus notes payable, due 2044 | Non-recourse mortgages and notes payable | Total long-term debt |"}
{"_id": "d8960fb84", "title": "", "text": "| High Low Dividends | 2009 | First quarter | Second quarter | Third quarter | Fourth quarter | 2008 | First quarter | Second quarter | Third quarter | Fourth quarter |"}
{"_id": "d8c854734", "title": "", "text": "The Company sponsors other plans for the benefit of its employees and retirees.\nThese plans include health care and life insurance benefits.\nThe Company uses a December 31 measurement date for its plans.\nThe following table reflects the change in benefit obligation and change in plan assets of the Companys pension and other postretirement benefit plans at December 31:"}
{"_id": "d895323ba", "title": "", "text": "The above discussion contains forward looking statements with respect to the potential commercialization of our GTF?\ntechnology.\nThe foregoing factors (among others) could cause actual results to differ materially from those set forth in the forward-looking statements.\nCorporate and Other The remaining $498 million of our 2010 budget relates to capitalized interest and corporate activities.\nThe net income tax liabilities of our OSM operations are denominated in Canadian dollars and must be remeasured to U. S.  dollars each reporting period.\nAt year end we took steps, as permitted under Canadian tax rules, which will enable us to convert these liabilities during the first half of 2010 to be denominated in U. S.  dollars and thereby eliminate exposure to foreign currency exchange rate changes on our net deferred tax liability related to OSM operations from that point forward.\nThe forward-looking statements about our capital, investment and exploration budget are based on current expectations, estimates and projections and are not guarantees of future performance.\nActual results may differ materially from these expectations, estimates and projections and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict.\nSome factors that could cause actual results to differ materially include prices of and demand for crude oil, natural gas and refined products, actions of competitors, disruptions or interruptions of our production or refining operations due to the shortage of skilled labor and unforeseen hazards such as weather conditions, acts of war or terrorist acts and the governmental or military response, and other operating and economic considerations.\nManagements Discussion and Analysis of Environmental Matters, Litigation and Contingencies We have incurred and will continue to incur substantial capital, operating and maintenance, and remediation expenditures as a result of environmental laws and regulations.\nIf these expenditures, as with all costs, are not ultimately reflected in the prices of our products and services, our operating results will be adversely affected.\nWe believe that substantially all of our competitors must comply with similar environmental laws and regulations.\nHowever, the specific impact on each competitor may vary depending on a number of factors, including the age and location of its operating facilities, marketing areas, crude oil and feedstock sources, production processes and whether it is also engaged in the petrochemical business or the marine transportation of crude oil and refined products.\nLegislation and regulations pertaining to climate change and greenhouse gas emissions have the potential to materially adversely impact our business, financial condition, results of operations and cash flow, including costs of compliance and permitting delays.\nThe extent and magnitude of these adverse impacts cannot be reliably or accurately estimated at this time because specific regulatory and legislative requirements have not been finalized and uncertainty exists with respect to the measures being considered, the costs and the time frames for compliance, and our ability to pass compliance costs on to our customers.\nFor additional information see Item 1A.\nRisk Factors.\nOur environmental expenditures(a) for each of the last three years were:"}
{"_id": "d89aa9622", "title": "", "text": "Five-Year Performance Comparison – The following graph provides an indicator of cumulative total shareholder returns for the Corporation as compared to the peer group index (described above), the DJ Trans, and the S&P 500.\nThe graph assumes that $100 was invested in the common stock of Union Pacific Corporation and each index on December 31, 2010 and that all dividends were reinvested.\nThe information below is historical in nature and is not necessarily indicative of future performance."}
{"_id": "d8af42b38", "title": "", "text": "| December 31, 2009 December 31, 2008 | (in millions) | General obligations: | Capital debt | Investment related | Securities business related | Specified other businesses | Total general obligations | Limited and non-recourse debt | Total borrowings | Short-term debt | Long-term debt | Total borrowings | Borrowings of Financial Services Businesses | Borrowings of Closed Block Business | Total borrowings | Year ended December 31, | 2009 | (in millions) | Operating results: | Revenues | Expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments(1) | Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests-2 | Income from continuing operations before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d8c9482bc", "title": "", "text": "| Years Ended December 31, | 2006 | (in millions) | Cost of revenues | % of net revenues | Gross profits | % of net revenues |"}
{"_id": "d8cfc2c82", "title": "", "text": "| Change in long-term rateof return on plan assets | Increase (decrease) in expense | U.S. plans | U.K. plans | The Netherlands plan | Canada plans | December 31, | 2011 | One- to four-family | Home equity | Total loans receivable measured at fair value | REO measured at fair value |"}
{"_id": "d8b0af3e0", "title": "", "text": "| Year Ended December 31, | 2014 | Electric Energy Delivered(millions of kWh) | Total deliveries to O&R full service customers | Delivery service for retail choice customers | Total Deliveries In Franchise Area | Electric Energy Delivered($ in millions) | Total deliveries to O&R full service customers | Delivery service for retail choice customers | Other operating revenues | Total Deliveries In Franchise Area | Average Revenue Per kWh Sold(Cents) | Residential | Commercial and Industrial |"}
{"_id": "d8982eb18", "title": "", "text": "| 2012 2011 | Average Tier 1 Common Capital | (dollars in billions) | Institutional Securities | Global Wealth Management Group | Asset Management | Parent capital | Total |"}
{"_id": "d82bda156", "title": "", "text": "| Years Ended December 31, | 2011 | (In millions) | Investment return | Separate account balances | Net investment gain (loss) | Guaranteed Minimum Income Benefits | Expense | In-force/Persistency | Policyholder dividends and other | Total |"}
{"_id": "d888ccc4c", "title": "", "text": "| In millions 2016 2015 2014 | Balance of gross unrecognized tax benefits at January 1 | Increases: | Positions taken during a prior period | Decreases: | Positions taken during a prior period | Settlements with taxing authorities | Reductions resulting from lapse of statute of limitations | Balance of gross unrecognized tax benefits at December 31 | Favorable impact if recognized |"}
{"_id": "d8a3e18e8", "title": "", "text": "Asian Printing Papers net sales were $59 million in 2014, $90 million in 2013 and $85 million in 2012.\nOperating profits were $0 million in 2014 and $1 million in both 2013 and 2012.\nU. S.  Pulp net sales were $895 million in 2014 compared with $815 million in 2013 and $725 million in 2012.\nOperating profits were $57 million in 2014 compared with $2 million in 2013 and a loss of $59 million in 2012.\nSales volumes in 2014 increased from 2013 for both fluff pulp and market pulp reflecting improved market demand.\nAverage sales price realizations increased significantly for fluff pulp, while prices for market pulp were also higher.\nInput costs for wood and energy were higher.\nOperating costs were lower, but planned maintenance downtime costs were $1 million higher.\nCompared with the fourth quarter of 2014, sales volumes in the first quarter of 2015, are expected to decrease for market pulp, but be slightly higher for fluff pulp.\nAverage sales price realizations are expected to to be stable for fluff pulp and softwood market pulp, while hardwood market pulp prices are expected to improve.\nInput costs should be flat.\nPlanned maintenance downtime costs should be about $13 million higher than in the fourth quarter of 2014."}
{"_id": "d817d4602", "title": "", "text": "7.\nINCENTIVE PLANS Discretionary Annual Incentive Awards Citigroup grants immediate cash bonus payments and various forms of immediate and deferred awards as part of its discretionary annual incentive award program involving a large segment of Citigroups employees worldwide.\nMost of the shares of common stock issued by Citigroup as part of its equity compensation programs are to settle the vesting of the stock components of these awards.\nDiscretionary annual incentive awards are generally awarded in the first quarter of the year based on the previous years performance.\nAwards valued at less than U. S.  $100,000 (or the local currency equivalent) are generally paid entirely in the form of an immediate cash bonus.\nPursuant to Citigroup policy and/or regulatory requirements, certain employees and officers are subject to mandatory deferrals of incentive pay and generally receive 25% 60% of their awards in a combination of restricted or deferred stock, deferred cash stock units or deferred cash.\nDiscretionary annual incentive awards to many employees in the EU are subject to deferral requirements regardless of the total award value, with at least 50% of the immediate incentive delivered in the form of a stock payment award subject to a restriction on sale or transfer (generally, for 12 months).\nDeferred annual incentive awards may be delivered in the form of one or more award types: a restricted or deferred stock award under Citis Capital Accumulation Program (CAP), or a deferred cash stock unit award and/or a deferred cash award under Citis Deferred Cash Award Plan.\nThe applicable mix of awards may vary based on the employees minimum deferral requirement and the country of employment.\nSubject to certain exceptions (principally, for retirement-eligible employees), continuous employment within Citigroup is required to vest in CAP, deferred cash stock unit and deferred cash awards.\nPost employment vesting by retirement-eligible employees and participants who meet other conditions is generally conditioned upon their refraining from competition with Citigroup during the remaining vesting period, unless the employment relationship has been terminated by Citigroup under certain conditions.\nGenerally, the deferred awards vest in equal annual installments over three- or four-year periods.\nVested CAP awards are delivered in shares of common stock.\nDeferred cash awards are payable in cash and, except as prohibited by applicable regulatory guidance, earn a fixed notional rate of interest that is paid only if and when the underlying principal award amount vests.\nDeferred cash stock unit awards are payable in cash at the vesting value of the underlying stock.\nGenerally, in the EU, vested CAP shares are subject to a restriction on sale or transfer after vesting, and vested deferred cash awards and deferred cash stock units are subject to hold back (generally, for 12 months in each case).\nUnvested CAP, deferred cash stock units and deferred cash awards are subject to one or more clawback provisions that apply in certain circumstances, including gross misconduct.\nCAP and deferred cash stock unit awards, made to certain employees, are subject to a formulaic performancebased vesting condition pursuant to which amounts otherwise scheduled to vest will be reduced based on the amount of any pretax loss in the participants business in the calendar year preceding the scheduled vesting date.\nA minimum reduction of 20% applies for the first dollar of loss for CAP and deferred cash stock unit awards.\nIn addition, deferred cash awards are subject to a discretionary performance-based vesting condition under which an amount otherwise scheduled to vest may be reduced in the event of a material adverse outcome for which a participant has significant responsibility.\n These awards are also subject to an additional clawback provision pursuant to which unvested awards may be canceled if the employee engaged in misconduct or exercised materially imprudent judgment, or failed to supervise or escalate the behavior of other employees who did.\nSign-on and Long-Term Retention Awards Stock awards and deferred cash awards may be made at various times during the year as sign-on awards to induce new hires to join Citi or to highpotential employees as long-term retention awards.\nVesting periods and other terms and conditions pertaining to these awards tend to vary by grant.\nGenerally, recipients must remain employed through the vesting dates to vest in the awards, except in cases of death, disability or involuntary termination other than for gross misconduct.\nThese awards do not usually provide for post employment vesting by retirement-eligible participants."}
{"_id": "d880b0446", "title": "", "text": "products.\nCredit Portfolio revenue was  $1.3 billion, up 19%, primarily due to higher revenue from risk management activities, partially offset by lower gains from loan sales and workouts.\nThe Provision for credit losses was $654 million, an increase of $463 millio n from the prior year.\nThe change was due to a net increase of $532 million in the Allowance for credit losses, primarily due to portfolio activity, which included the effect of the weakening credit environment, and an increase in allowance for unfunded leveraged lending commitments, as well as portfolio growth.\nIn addition, there were $36 million of net charge-offs in the current year, compared with $31 million of net recov- eries in the prior year.\nThe Allowance for loan losses to average loans was 2.14% for 2007, compared with a ratio of 1.79% in the prior year.\nNoninterest expense was $13.1 billion, up $214 million, or 2%, from the prior year.\nReturn on equity was 15% on $21.0 billion of allocated capital compared with 18% on $20.8 billion in 2006.2006 compared with 2005 Net income of $3.7 billion was flat, as record revenue of $18.8 billion was  offset  largely  by higher compensation expense, including the impact of SFAS 123R, and Provision for credit losses compared with a benefit in the prior year .\nTotal net revenue of $18.8 billion was up $3.7 billion, or 25%, from the prior year.\nInvestment banking fees of $5.5 billion were a record, up 35% from the prior year, driven by record debt and equity under- writing as well as strong advisory fees, which were the highest since 2000.\nAdvisory fees of $1.7 billion were up 31% over the prior year driven primarily by strong performance in the Americas.\nDebt under- writing fees of $2.7 billion were up 37% from the prior year driven by record performance in both loan syndications and bond underwrit- ing.\nEquity underwriting fees of $1.2 billion were up 36% from the prior year driven by global equity markets.\nFixed Income Markets rev- enue of $8.7 billion was also a record, up 15% from the prior year driven by strength in credit markets, emerging markets and currencies.\nRecord Equity Markets revenue of $3.5 billion increased 73%, and was driven by strength in cash equities and equity derivatives.\nCredit Portfolio revenue of $1.1 billion was down 24%, primarily reflecting lower gains from loan workouts.\nProvision for credit losses was $191 million compared with a benefit of $838 million in the prior year.\nThe 2006 provision reflects portfolio activity; credit quality remained stable.\nThe prior-year benefit reflected strong credit quality, a decline in criticized and nonperforming loans and a higher level of recoveries.\nTotal noninterest expense of $12.9 billion was up $2.6 billion, or 26%, from the prior year.\nThis increase was due primarily to higher performance-based compensation, including the impact of an increase in the ratio of compensation expense to total net revenue, as well as the incremental expense related to SFAS 123R.\nReturn on equity was 18% on $20.8 billion of allocated capital com- pared with 18% on $20.0 billion in 2005"}
{"_id": "d8da8a3ae", "title": "", "text": "| Year Ended April 30, 2009 2008 2007 | Interest income: | Mortgage loans, net | Emerald Advance lines of credit | Investment securities | Other | $154,516 | Operating interest expense: | Borrowings | Deposits | FHLB advances | 102,375 | Interest expense – acquisition debt | Total interest expense |"}
{"_id": "d8db0b292", "title": "", "text": "(1) Amount represents AUM acquired in the First Reserve Transaction.1 Source: BlackRock; Bloomberg 2 Regional iShares ETF amounts based on jurisdiction of product, not underlying client.\nnumber of these indemnities is not estimable.\nAt December 31, 2007, we have an $88 million liability in connection with indemnities related to the sale of certain subsidiaries reflected on our Consolidated Balance Sheets.\nWe provide guarantees and surety bonds on behalf of certain non-consolidated entities, improving their ability to transact business.\nIn addition, we have provided financial guarantees to certain property owners in connection with the Bay Harbor remediation effort.\nWe monitor these obligations and believe it is unlikely that we will incur any material losses associated with these guarantees.\nFor additional details on these and other guarantee arrangements, see Note 3, Contingencies, “Other Contingencies — Guarantees and Indemnifications.\n” Sale of Accounts Receivable: Under a revolving accounts receivable sales program, Consumers may sell up to $325 million of certain accounts receivable.\nThis program provides less expensive funding that unsecured debt.\nFor additional details, see Note 4, Financings and Capitalization.\nCapital Expenditures: For planning purposes, we forecast capital expenditures over a three-year period.\nWe review these estimates and may revise them, periodically, due to a number of factors including environmental regulations, business opportunities, market volatility, economic trends, and the ability to access capital.\nThe following is a summary of our estimated capital expenditures, including lease commitments, for 2008 through 2010:"}
{"_id": "d86c4ff10", "title": "", "text": "| December 31, | (Dollars in thousands) | Noninterest-bearing demand | Negotiable order of withdrawal (NOW) | Money market | Money market deposits in foreign offices | Sweep deposits in foreign offices | Time | Total deposits | Year ended December 31, | Non-GAAP operating efficiency ratio, net of noncontrolling interests (Dollars in thousands, except ratios) | GAAP noninterest expense | Less: expense attributable to noncontrolling interests | Non-GAAP noninterest expense, net of noncontrolling interests | GAAP net interest income | Adjustments for taxable equivalent basis | Non-GAAP taxable equivalent net interest income | Less: income attributable to noncontrolling interests | Non-GAAP taxable equivalent net interest income, net of noncontrolling interests | GAAP noninterest income | Less: income attributable to noncontrolling interests | Non-GAAP noninterest income, net of noncontrolling interests | GAAP total revenue | Non-GAAP taxable equivalent revenue, net of noncontrolling interests | GAAP operating efficiency ratio | Non-GAAP operating efficiency ratio -1 | Year ended December 31, | (Dollars in thousands, except employees) | Compensation and benefits: | Salaries and wages | Incentive compensation | ESOP | Other employee compensation and benefits -1 | Total compensation and benefits | Period-end full-time equivalent employees | Average full-time equivalent employees |"}
{"_id": "d8c1c8d48", "title": "", "text": "| Millions of kWhs Twelve Months Ended Percent Variation | Description | Residential/Religious | Commercial/Industrial | Other | Total Full Service Customers | Retail access customers | Sub-total | NYPA, Municipal Agency and Other Sales | Total Service Area |"}
{"_id": "d8d312950", "title": "", "text": "| Millions of Dollars 2008 2007 2006 % Change 2008 v 2007 % Change 2007 v 2006 | Freight revenues | Other revenues | Total |"}
{"_id": "d8a6e6e94", "title": "", "text": "| December 31, | (millions of dollars) | Long-Term Debt (including current portion) | Con Edison | CECONY |"}
{"_id": "d89e1e898", "title": "", "text": "2015 Compared to 2014.\nIn 2015, research and development expenses increased by $115.1 million compared to 2014.\nThe increase was primarily attributable to an $87.0 million increase in personnel-related costs, mainly driven by an increase in compensation and recognition of stock-based compensation expense, and a $41.4 million increase in allocated facilities and other supporting overhead expenses due to the continued expansion of our real estate footprint and increase in support functions.\nThese increases were partially offset by a $13.3 million increase in the capitalization of costs associated with developing software for internal use."}
{"_id": "d8c56f244", "title": "", "text": "| 12/2008 12/2009 12/2010 12/2011 12/2012 12/2013 | Valero Common Stock | S&P 500 | Old Peer Group | New Peer Group |"}
{"_id": "d810fb240", "title": "", "text": "| Location Function Kraft linerboard mill Kraft linerboard mill Semi-chemical medium mill Semi-chemical medium mill Capacity (tons) 1,043,000 556,000 538,000 438,000 | Counce, TN | Total |"}
{"_id": "d8c975b7c", "title": "", "text": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) 83 Dividends Dividends per share paid to shareholders were $4.55, $4.30 and $3.90 during 2018, 2017 and 2016, respectively.\nShare Repurchase Program On July 25, 2017, our Board of Directors authorized an additional share repurchase program of up to $2 billion.\nFor the year ended December 31, 2018, we repurchased 7,456,038 shares at an aggregate purchase price of approximately $1.2 billion under this program.\nAt December 31, 2018, there were approximately $800 million in remaining funds authorized under this program.\nShare repurchases are made from time to time on the open market as conditions warrant.\nThese programs do not obligate us to repurchase any of our shares and they have no expiration date.\nRetained Earnings The increase to beginning retained earnings in 2018 of $72 million was a result of the adoption of the following accounting standards: ASU 2016-16 ($56 million), ASU 2016-01 ($17 million) and ASU 2014-09 ($0.4 million).\nFor additional information regarding the adoption of these accounting standards, see Note 1 to the Consolidated Financial Statements.\n(12) SHARE-BASED INCENTIVE PLANS We sponsor several share-based employee incentive plans.\nShare-based compensation expense for grants awarded under these plans was $51 million, $48 million and $39 million in 2018, 2017, and 2016, respectively.\nRelated income tax benefits recognized in earnings were $9 million, $16 million and $14 million in 2018, 2017, and 2016, respectively.\nAt December 31, 2018, unrecognized compensation cost related to non-vested stock option and stock unit awards totaled $54 million.\nThe cost of these non-vested awards is expected to be recognized over a weighted-average remaining vesting period of 23 months.\nShare-Based Employee Incentive Plans On April 17, 2018, our stockholders approved the 2018 Omnibus Stock and Incentive Plan (\"2018 OSIP\").\nThis plan was adopted by our Board of Directors on February 20, 2018 and provides for the issuance of stock options, performance stock units, performance shares, restricted stock and restricted stock units.\nNo new awards may be granted under the 2018 OSIP after the tenth anniversary of the date that the stockholders approved the plan.\nHowever, the term and exercise of awards granted before then may extend beyond that date.\nAt December 31, 2018, approximately 6.7 million shares remain available for issuance under the 2018 OSIP.\nStock Options Eligible employees may receive stock options as a portion of their total compensation.\nSuch options generally become exercisable over a 3-year period, expire 10 years from the date of grant and are subject to forfeiture upon termination of employment, other than by death, disability or retirement.\nWe use the Black-Scholes option-pricing model to measure the fair value of stock options granted to employees.\nGranted options have exercise prices equal to the market price of Whirlpool common stock on the grant date.\nThe principal assumptions used in valuing options include: (1) risk-free interest rate - an estimate based on the yield of United States zero coupon securities with a maturity equal to the expected life of the option; (2) expected volatility - an estimate based on the historical volatility of Whirlpool common stock for a period equal to the expected life of the option; and (3) expected option life - an estimate based on historical experience.\nStock options are expensed on a straight-line basis, net of estimated forfeitures.\nBased on the results of the model, the weighted-average grant date fair value of stock options granted for 2018, 2017, and 2016 were $38.34, $44.01 and $31.21, respectively, using the following assumptions:"}
{"_id": "d8e02cab4", "title": "", "text": "| For the Years Ended December 31, | 2012 | (in thousands) | Net capital expenditures | Proceeds from sale of assets and securities | Acquisitions | Other investing activities, net-1 | Net cash flows used in investing activities |"}
{"_id": "d88c1719a", "title": "", "text": "| Natural Gas Fuel Oil Nuclear Fuel Coal | Year | 2004 | 2003 | 2002 | Natural Gas | 2004 | Entergy Arkansas (a) | Entergy Gulf States | Entergy Louisiana | Entergy Mississippi | Entergy New Orleans | System Energy | U.S. Utility (a) |"}
{"_id": "d828efaf4", "title": "", "text": "The Company will continue to recognize interest and penalties related to unrecognized tax benefits as a component of its income tax provision.\nAs of December 31, 2014 and 2013, the Company has $9,409 and $13,890, respectively, accrued for the payment of interest and penalties, excluding the federal tax benefit of interest deductions where applicable.\nDuring the years ending December 31, 2014, 2013 and 2012, the Company accrued interest and penalties through the consolidated statements of operations of $(3,579), $74 and $(1,585), respectively.\nThe Company believes that its unrecognized tax benefits could decrease by $14,746 within the next twelve months.\nThe Company has effectively settled all Federal income tax matters related to years prior to 2010.\nVarious other state and foreign income tax returns are open to examination for various years."}
{"_id": "d8cbb2052", "title": "", "text": "| Year Ended December 31, | 2008 | (in millions) | Realized investment gains (losses) - Fixed Maturity Securities—Closed Block Business | Gross realized investment gains: | Gross gains on sales and maturities | Private bond prepayment premiums | Total | Gross realized investment losses: | Gross losses on sales and maturities-1 | Other-than-temporary impairments | Credit related losses on sales | Total | Realized investment gains (losses), net—Fixed Maturity Securities | Net gains (losses) on sales and maturities—Fixed Maturity Investments(1) |"}
{"_id": "d8c14bdc0", "title": "", "text": "| Years Ended December 31, | 2009 | (In millions) | Statement of Operations Data -1 | Revenues: | Premiums | Universal life and investment-type product policy fees | Net investment income | Other revenues | Net investment gains (losses) | Total revenues | Expenses: | Policyholder benefits and claims | Interest credited to policyholder account balances | Policyholder dividends | Other expenses | Total expenses | Income (loss) from continuing operations before provision for income tax | Provision for income tax expense (benefit) | Income (loss) from continuing operations, net of income tax | Income (loss) from discontinued operations, net of income tax | Net income (loss) | Less: Net income (loss) attributable to noncontrolling interests | Net income (loss) attributable to MetLife, Inc. | Less: Preferred stock dividends | Net income (loss) available to MetLife, Inc.’s common shareholders |"}
{"_id": "d81329026", "title": "", "text": "| 2009 2008 2007 | Shares issued, beginning of year | Shares issued, net | Exercise of stock options | Shares issued under Employee Stock Purchase Plan | Shares issued, end of year | Common Shares in treasury, end of year | Shares issued and outstanding, end of year | Common Shares issued to employee trust | Balance, beginning of year | Shares redeemed | Balance, end of year |"}
{"_id": "d8d010a36", "title": "", "text": "| Approximate Number Approximate Size in Square Feet | Switching centers | Data centers | Call center | Warehouses | Year Ended December 31, | (in millions) | Net income | Adjustments: | Interest expense | Interest expense to affiliates | Interest income-1 | Other (income) expense, net | Income tax expense (benefit) | Operating income-1 | Depreciation and amortization | Cost of MetroPCS business combination-2 | Stock-based compensation-3 | Other, net-4 | Adjusted EBITDA-1 | Net income margin (Net income divided by service revenues) | Adjusted EBITDA margin (Adjusted EBITDA divided by service revenues)(1) |"}
{"_id": "d87bac490", "title": "", "text": "In April 2009, the FASB issued additional guidance under ASC 820 which provides guidance on estimating the fair value of an asset or liability (financial or nonfinancial) when the volume and level of activity for the asset or liability have significantly decreased, and on identifying transactions that are not orderly.\nThe application of the requirements of this guidance did not have a material effect on the accompanying consolidated financial statements.\nIn August 2009, the FASB issued ASU 2009-05, Measuring Liabilities at Fair Value, which further amends ASC 820 by providing clarification for circumstances in which a quoted price in an active market for the identical liability is not available.\nThe Company included the disclosures required by this guidance in the accompanying consolidated financial statements.\nACCOUNTING FOR UNCERTAINTY IN INCOME TAXES In June 2006, the FASB issued guidance under ASC 740, Income Taxes (formerly FIN 48).\nThis guidance prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in tax returns.\nSpecifically, the financial statement effects of a tax position may be recognized only when it is determined that it is more likely than not that, based on its technical merits, the tax position will be sustained upon examination by the relevant tax authority.\nThe amount recognized shall be measured as the largest amount of tax benefits that exceed a 50% probability of being recognized.\nThis guidance also expands income tax disclosure requirements.\nInternational Paper applied the provisions of this guidance beginning in the first quarter of 2007.\nThe adoption of this guidance resulted in a charge to the beginning balance of retained earnings of $94 million at the date of adoption."}
{"_id": "d81251f9a", "title": "", "text": "| December 31, 2011 | Weighted Average | Default rate-1 | Loss severity | Prepayment rate |"}
{"_id": "d8a9b5062", "title": "", "text": "| 2011 | Allowance for loan and lease losses, January 1 | Loans and leases charged off | Recoveries of loans and leases previously charged off | Net charge-offs | Provision for loan and lease losses | Other | Allowance for loan and lease losses, December 31 | Reserve for unfunded lending commitments, January 1 | Provision for unfunded lending commitments | Other | Reserve for unfunded lending commitments, December 31 | Allowance for credit losses, December 31 |"}
{"_id": "d889bcac6", "title": "", "text": "above) increased 10% compared to 2010 expenses from operations of $6.18 billion ($6.84 billion net of $666 million, composed of a $7 million tax on bonus payments to employees in the U. K. , a $414 million securities lending charge and $245 million of acquisition and restructuring costs).\nThe increase mainly resulted from increases in compensation and employee benefits expenses from merit adjustments and acquisitions, and higher levels of professional services expenses.\nIn 2011, we secured mandates for approximately $1.41 trillion in assets to be serviced; of the total, $1.14 trillion was installed prior to December 31, 2011, with the remaining $270 billion expected to be installed in 2012.\nThe new business not installed by December 31, 2011 was not included in assets under custody and administration at that date, and had no impact on servicing fee revenue for 2011, as the assets are not included until their installation is complete and we begin to service them.\nOnce installed, the assets generate servicing fee revenue in subsequent periods.\nWe will provide various services for these assets including accounting, fund administration, custody, foreign exchange, securities finance, transfer agency, performance analytics, compliance reporting and monitoring, hedge fund servicing, private equity administration, real estate administration, depository banking services, wealth management services and investment manager operations outsourcing.\nCONSOLIDATED RESULTS OF OPERATIONS This section discusses our consolidated results of operations for 2011 compared to 2010, and should be read in conjunction with the consolidated financial statements and accompanying notes included under Item 8.\nA comparison of consolidated results of operations for 2010 with those for 2009 is provided under Comparison of 2010 and 2009 in this Managements Discussion and Analysis."}
{"_id": "d869b4cb0", "title": "", "text": "| Year Ended September 30, | 2006 | (In millions) | Capitalized interest, beginning of year | Interest incurred — homebuilding | Interest expensed | Directly — homebuilding | Amortized to cost of sales | Capitalized interest, end of year |"}
{"_id": "d813b8eb0", "title": "", "text": "Segment Operating Performance The Company manages its business primarily on a geographic basis.\nAccordingly, the Company determined its reportable operating segments, which are generally based on the nature and location of its customers, to be the Americas, Europe, Greater China, Japan, Rest of Asia Pacific and Retail.\nThe Americas segment includes both North and South America.\nThe Europe segment includes European countries, as well as India, the Middle East and Africa.\nThe Greater China segment includes China, Hong Kong and Taiwan.\nThe Rest of Asia Pacific segment includes Australia and Asian countries, other than those countries included in the Company’s other operating segments.\nThe results of the Company’s geographic segments do not include results of the Retail segment.\nEach operating segment provides similar hardware and software products and similar services.\nFurther information regarding the Company’s operating segments may be found in Part II, Item 8 of this Form 10-K in the Notes to Consolidated Financial Statements in Note 11, “Segment Information and Geographic Data."}
{"_id": "d88916b58", "title": "", "text": "Item 1B.\nUnresolved Staff Comments.\nNone."}
{"_id": "d8782c176", "title": "", "text": "| Twelve Months Ended December 31, Change | 2017 vs. 2016 | International | (In millions) | Operating revenue: | Asia Pacific | Europe | Latin America | Canada | Total operating revenue | % of consolidated revenue | Total operating income | Operating margin |"}
{"_id": "d8a349016", "title": "", "text": "short-term borrowings from the Federal Reserve totaled $1.0 billion.\nThose borrowings were bid for by the Company through the Federal Reserves TAF program and had maturities of 84 days.\nAs a source of funding and to enhance regulatory capital ratios, during January 2008, M&T Capital Trust IV issued $350 million of Enhanced Trust Preferred Securities bearing a fixed rate of interest of 8.50% and maturing in 2068.\nThe related junior subordinated debentures are included in long-term borrowings.\nSuch securities qualify for inclusion in the Companys Tier 1 Capital as defined by federal regulators.\nThe Company has issued subordinated capital notes from time to time to provide liquidity and enhance regulatory capital ratios.\nSuch notes qualify for inclusion in the Companys total capital as defined by federal regulators.\nInformation about the Companys borrowings is included in note 9 of Notes to Financial Statements.\nThe Company has informal and sometimes reciprocal sources of funding available through various arrangements for unsecured short-term borrowings from a wide group of banks and other financial institutions.\nShort-term federal funds borrowings were $2.1 billion and $809 million at December 31, 2009 and 2008, respectively.\nIn general, those borrowings were unsecured and matured on the next business day.\nAs already noted, offshore branch deposits and brokered certificates of deposit have been used by the Company as an alternative to short-term borrowings.\nOffshore branch deposits also generally mature on the next business day and totaled $1.1 billion and $4.0 billion at December 31, 2009 and 2008, respectively.\nOutstanding brokered time deposits at December 31, 2009 and December 31, 2008 were $868 million and $487 million, respectively.\nSuch deposits at December 31, 2009 included $813 million of brokered time deposits obtained in the acquisition of Provident.\nAt December 31, 2009, the weighted-average remaining term to maturity of brokered time deposits was 21 months.\nCertain of these brokered deposits have provisions that allow for early redemption.\nThe Company also had brokered NOW and brokered money-market deposit accounts which aggregated $618 million and $537 million at December 31, 2009 and 2008, respectively.\nThe Companys ability to obtain funding from these or other sources could be negatively affected should the Company experience a substantial deterioration in its financial condition or its debt ratings, or should the availability of short-term funding become restricted due to a disruption in the financial markets.\nThe Company attempts to quantify such credit-event risk by modeling scenarios that estimate the liquidity impact resulting from a short-term ratings downgrade over various grading levels.\nSuch impact is estimated by attempting to measure the effect on available unsecured lines of credit, available capacity from secured borrowing sources and securitizable assets.\nInformation about the credit ratings of M&T and M&T Bank is presented in table 15.\nAdditional information regarding the terms and maturities of all of the Companys short-term and long-term borrowings is provided in note 9 of Notes to Financial Statements.\nIn addition to deposits and borrowings, other sources of liquidity include maturities of investment securities and other earning assets, repayments of loans and investment securities, and cash generated from operations, such as fees collected for services."}
{"_id": "d8125cc60", "title": "", "text": "The Company has also encountered various quality issues on its aircraft carrier construction and overhaul programs and its Virginia-class submarine construction program at its Newport News location.\nThese primarily involve matters related to filler metal used in pipe welds identified in 2007, and issues associated with non-nuclear weld inspection and the installation of weapons handling equipment on certain submarines, and certain purchased material quality issues identified in 2009.\nThe Company does not believe that resolution of these issues will have a material effect upon its consolidated financial position, results of operations or cash flows.\nEnvironmental Matters—The estimated cost to complete environmental remediation has been accrued where it is probable that the Company will incur such costs in the future to address environmental conditions at currently or formerly owned or leased operating facilities, or at sites where it has been named a Potentially Responsible Party (“PRP”) by the Environmental Protection Agency, or similarly designated by another environmental agency, and these costs can be estimated by management.\nThese accruals do not include any litigation costs related to environmental matters, nor do they include amounts recorded as asset retirement obligations.\nTo assess the potential impact on the Company’s consolidated financial statements, management estimates the range of reasonably possible remediation costs that could be incurred by the Company, taking into account currently available facts on each site as well as the current state of technology and prior experience in remediating contaminated sites.\nThese estimates are reviewed periodically and adjusted to reflect changes in facts and technical and legal circumstances.\nManagement estimates that as of December 31, 2011, the probable future costs for environmental remediation is $3 million, which is accrued in other current liabilities.\nFactors that could result in changes to the Company’s estimates include: modification of planned remedial actions, increases or decreases in the estimated time required to remediate, changes to the determination of legally responsible parties, discovery of more extensive contamination than anticipated, changes in laws and regulations affecting remediation requirements, and improvements in remediation technology.\nShould other PRPs not pay their allocable share of remediation costs, the Company may have to incur costs exceeding those already estimated and accrued.\nIn addition, there are certain potential remediation sites where the costs of remediation cannot be reasonably estimated.\nAlthough management cannot predict whether new information gained as projects progress will materially affect the estimated liability accrued, management does not believe that future remediation expenditures will have a material effect on the Company’s consolidated financial position, results of operations or cash flows.\nFinancial Arrangements—In the ordinary course of business, HII uses standby letters of credit issued by commercial banks and surety bonds issued by insurance companies principally to support the Company’s self-insured workers’ compensation plans.\nAt December 31, 2011, there were $121 million of standby letters of credit issued but undrawn and $297 million of surety bonds outstanding related to HII.\nU. S.  Government Claims—From time to time, the U. S.  Government advises the Company of claims and penalties concerning certain potential disallowed costs.\nWhen such findings are presented, the Company and U. S.  Government representatives engage in discussions to enable HII to evaluate the merits of these claims as well as to assess the amounts being claimed.\nThe Company does not believe that the outcome of any such matters will have a material effect on its consolidated financial position, results of operations or cash flows.\nCollective Bargaining Agreements—The Company believes that it maintains good relations with its approximately 38,000 employees of which approximately 50% are covered by a total of 10 collective bargaining agreements.\nThe Company expects to renegotiate renewals of each of its collective bargaining agreements between 2013 and 2015 as they approach expiration.\nCollective bargaining agreements generally expire after three to five years and are subject to renegotiation at that time.\nIt is not expected that the results of these negotiations, either individually or in the aggregate, will have a material effect on the Company’s consolidated results of operations.\nOperating Leases—Rental expense for operating leases was $44 million in 2011, $44 million in 2010, and $48 million in 2009.\nThese amounts are net of immaterial amounts of sublease rental income.\nMinimum rental commitments under long-term non-cancellable operating leases for the next five years and thereafter are:"}
{"_id": "d88de6e3a", "title": "", "text": "The contractual maturities of held-to-maturity securities as of January 30, 2009 were in excess of three years and were $31.4 million at cost and $28.9 million at fair value, respectively.\nFor the Successor year ended January 30, 2009 and period ended February 1, 2008, and the Predecessor period ended July 6, 2007 and year ended February 2, 2007, gross realized gains and losses on the sales of available-for-sale securities were not material.\nThe cost of securities sold is based upon the specific identification method.\nMerchandise inventories Inventories are stated at the lower of cost or market with cost determined using the retail last-in, first-out (“LIFO”) method.\nUnder the Company’s retail inventory method (“RIM”), the calculation of gross profit and the resulting valuation of inventories at cost are computed by applying a calculated cost-to-retail inventory ratio to the retail value of sales at a department level.\nCosts directly associated with warehousing and distribution are capitalized into inventory.\nThe excess of current cost over LIFO cost was approximately $50.0 million at January 30, 2009 and $6.1 million at February 1, 2008.\nCurrent cost is determined using the retail first-in, first-out method.\nThe Company’s LIFO reserves were adjusted to zero at July 6, 2007 as a result of the Merger.\nThe Successor recorded LIFO provisions of $43.9 million and $6.1 million during 2008 and 2007, respectively.\nThe Predecessor recorded a LIFO credit of $1.5 million in 2006.\nIn 2008, the increased commodity cost pressures mainly related to food and pet products which have been driven by fruit and vegetable prices and rising freight costs.\nIncreases in petroleum, resin, metals, pulp and other raw material commodity driven costs also resulted in multiple product cost increases.\nThe Company intends to address these commodity cost increases through negotiations with its vendors and by increasing retail prices as necessary.\nOn a quarterly basis, the Company estimates the annual impact of commodity cost fluctuations based upon the best available information at that point in time.\nStore pre-opening costs Pre-opening costs related to new store openings and the construction periods are expensed as incurred.\nProperty and equipment Property and equipment are recorded at cost.\nThe Company provides for depreciation and amortization on a straight-line basis over the following estimated useful lives:"}
{"_id": "d896ad30c", "title": "", "text": "| (Millions of Dollars) Level 1 Level 2 Total | Equity (a) | Other Fixed Income Debt (b) | Cash and Cash Equivalents (c) | Total investments | Funds for retiree health benefits (d) | Investments (including funds for retiree health benefits) | Funds for retiree health benefits measured at net asset value (d)(e) | Pending activities (f) | Total fair value of plan net assets |"}
{"_id": "d8c60e13c", "title": "", "text": "| December 31, 2006 | Balance Sheet Caption | (In millions) | Other assets: Prepaid pension benefit cost | Other assets: Intangible asset | Other liabilities: Accrued pension benefit cost | Other liabilities: Accrued other postretirement benefit cost | Accumulated other comprehensive income (loss), before income tax: | Defined benefit plans | Minority interest | Deferred income tax | Accumulated other comprehensive income (loss), net of income tax: | Defined benefit plans | December 31, 2006 | Pension Benefits | 2006 | (In millions) | Benefit obligation at end of year | Fair value of plan assets at end of year | Funded status at end of year | Unrecognized net actuarial (gains) losses | Unrecognized prior service cost (credit) | Unrecognized net asset at transition | Net prepaid (accrued) benefit cost recognized | Components of net amount recognized: | Qualified plan prepaid benefit cost | Non-qualified plan accrued benefit cost | Net prepaid (accrued) benefit cost recognized | Intangible asset | Additional minimum pension liability | Net amount recognized | Amounts recognized in the consolidated balance sheet consist of: | Other assets | Other liabilities | Net amount recognized | Accumulated other comprehensive (income) loss: | Net actuarial (gains) losses | Prior service cost (credit) | Net asset at transition | Additional minimum pension liability | 1,164 | Deferred income tax and minority interest | $741 |"}
{"_id": "d8dd2a8b6", "title": "", "text": "| Chipotle Class A Common Stock Chipotle Class B Common Stock | High | 2007 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Chipotle Class A Common Stock | High | 2006 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d8ab3aa90", "title": "", "text": "| As of December 31, | 2015 | (in millions) | Other guarantees where amount can be determined | Accrued liability for other guarantees and indemnifications | As of December 31, | 2015 | (in millions) | Other assets: | Premium tax offset for future undiscounted assessments | Premium tax offsets currently available for paid assessments | Total | Other liabilities: | Insolvency assessments |"}
{"_id": "d89c6bbc2", "title": "", "text": "| Years ended December 31 (in millions) 2016 2015 2014 | Net interest income | Provision for loan losses | Totalnon-interestincome | Totalnon-interestexpense | Income before income tax expense | Income tax expense | Net income | Average total assets | Average total liabilities |"}
{"_id": "d8c229f76", "title": "", "text": "| Instrument Amount of gainrecognized in AOCI(effective portion) Income Statement location Amount of gainreclassified fromaccumulated OCI intoincome (effective portion) | 2011 | Electricity forwards, swaps and options | 2010 | Electricity forwards, swaps and options | 2009 | Electricity forwards, swaps, and options |"}
{"_id": "d8c5aa236", "title": "", "text": "Note D  Short Term Borrowing At December 31, 2004 and 2003, Con Edison and the Utilities had commercial paper programs totaling $950 million under which short-term borrowings are made at prevailing market rates.\nThese programs are supported by revolving credit agreements with banks.\nAt December 31, 2004, $56 million was outstanding under Con Edisons $350 million program and $100 million was outstanding under Con Edison of New Yorks $500 million program, both at a weighted average interest rate of 2.2 percent.\nThere was no balance outstanding under O&Rs $100 million program.\nAt December 31, 2003, $42 million was outstanding under Con Edisons $350 million program, $99 million was outstanding under Con Edison of New Yorks $500 million program, and $15 million was outstanding under O&Rs $100 million program, all at a weighted average interest rate of 1.0 percent.\nThe Utilities change the amount of their programs from time to time, subject to FERC-authorized limits of $1 billion for Con Edison of New York and $150 million for O&R.\nBank commitments under the revolving credit agreements total $950 million, of which $388 million and $563 million expire in November 2005 and November 2006, respectively."}
{"_id": "d8a0e3e02", "title": "", "text": "| 12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014 12/31/2015 | HUM | S&P 500 | Peer Group |"}
{"_id": "d8ed62328", "title": "", "text": "| (Dollars in millions) 2006 2005 | Investment banking income | Advisory fees | Debt underwriting | Equity underwriting | Total investment banking income | Sales and trading | Fixed income: | Liquid products | Credit products | Structured products | Total fixed income | Equity income | Total sales and trading-1 | Total Capital Markets and Advisory Services market-based revenue-1 |"}
{"_id": "d8dc8cc7e", "title": "", "text": "| Dollars in millions December 31 2013 December 31 2012 | Basel I Tier 1 common capital | Less regulatory capital adjustments: | Basel III quantitative limits | Accumulated other comprehensive income (a) | All other adjustments | Estimated Fully Phased-In Basel III Tier 1 common capital | Estimated Basel III advanced approaches risk-weighted assets | Pro forma Fully Phased-In Basel III advanced approaches Tier 1 common capitalratio | Estimated Basel III standardized approach risk-weighted assets | Pro forma Fully Phased-In Basel III standardized approach Tier 1 common capitalratio |"}
{"_id": "d81c28636", "title": "", "text": "| 2006 2005 | Remaining net rentals | Estimated unguaranteed residual value | Non-recourse mortgage debt | Unearned and deferred income | Net investment in leveraged lease |"}
{"_id": "d810fb2f4", "title": "", "text": "Item 3.\nLEGAL PROCEEDINGS During September and October 2010, PCA and eight other U. S.  and Canadian containerboard producers were named as defendants in five purported class action lawsuits filed in the United States District Court for the Northern District of Illinois, alleging violations of the Sherman Act.\nThe lawsuits have been consolidated in a single complaint under the caption Kleen Products LLC v Packaging Corp.  of America et al.\nThe consolidated complaint alleges that the defendants conspired to limit the supply of containerboard, and that the purpose and effect of the alleged conspiracy was to artificially increase prices of containerboard products during the period from August 2005 to the time of filing of the complaints.\nThe complaint was filed as a purported class action suit on behalf of all purchasers of containerboard products during such period.\nThe complaint seeks treble damages and costs, including attorney’s fees.\nThe defendants’ motions to dismiss the complaint were denied by the court in April 2011.\nPCA believes the allegations are without merit and will defend this lawsuit vigorously.\nHowever, as the lawsuit is in the early stages of discovery, PCA is unable to predict the ultimate outcome or estimate a range of reasonably possible losses.\nPCA is a party to various other legal actions arising in the ordinary course of our business.\nThese legal actions cover a broad variety of claims spanning our entire business.\nAs of the date of this filing, we believe it is not reasonably possible that the resolution of these legal actions will, individually or in the aggregate, have a material adverse effect on our financial condition, results of operations or cash flows.\nNOTE 18 EQUITY COMMON STOCK On February 8, 2010, we raised $3.0 billion in new common equity through the issuance of 55.6 million shares of common stock in an underwritten offering at $54 per share.\nThe underwriters exercised their option to purchase an additional 8.3 million shares of common stock at the offering price of $54 per share, totaling approximately $450 million, to cover over-allotments.\nWe completed this issuance on March 11, 2010."}
{"_id": "d8bf4f03a", "title": "", "text": "(K) Cash and Cash Equivalents The Company classifies any marketable security with a maturity date of 90 days or less at the time of purchase as a cash equivalent.\n(L) Marketable Securities The Company classifies any security with a maturity date of greater than 90 days at the time of purchase as marketable securities and classifies marketable securities with a maturity date of greater than one year from the balance sheet date as long-term investments.\nUnder Statement of Financial Accounting Standards (SFAS) No.115, Accounting for Certain Investments in Debt and Equity Securities, securities that the Company has the positive intent and ability to hold to maturity are reported at amortized cost and classified as held-to-maturity securities.\nThe amortized cost and market value of marketable securities were approximately $25,654,000 and $25,661,000 at March 31, 2002, and $9,877,000 and $9,858,000 at March 31, 2003, respectively.\nAt March 31, 2003, these short-term investments consisted primarily of government securities."}
{"_id": "d88a11d46", "title": "", "text": "| Natural Gas and Casinghead Gas (Bcf) | United States | Proved Reserves as of: | December 31, 2008 | Revisions of Previous Estimates-2 | Extensions, Discoveries and Other Additions-3 | Purchase of Minerals in Place-4 | Sale of Minerals in Place-5 | Production | December 31, 2009 | Revisions of Previous Estimates-2 | Extensions, Discoveries and Other Additions-3 | Purchase of Minerals in Place-4 | Sale of Minerals in Place-5 | Production | December 31, 2010 | Revisions of Previous Estimates-2 | Extensions, Discoveries and Other Additions-3 | Purchase of Minerals in Place-4 | Sale of Minerals in Place-5 | Production | December 31, 2011 | Proved Developed Reserves as of: | December 31, 2008 | December 31, 2009 | December 31, 2010 | December 31, 2011 | Proved Undeveloped Reserves as of: | December 31, 2008 | December 31, 2009 | December 31, 2010 | December 31, 2011 |"}
{"_id": "d8f0dc454", "title": "", "text": "| 1% Increase 1% Decrease | Effect on total of service cost and interest cost | Effect on postretirement benefit obligation |"}
{"_id": "d8d27b1fe", "title": "", "text": "Digital Marketing Revenue from Digital Marketing increased $143.8 million during fiscal 2013 as compared to fiscal 2012.\nThe increase was primarily due to continued revenue growth associated with our Adobe Marketing Cloud, which increased 26% during fiscal 2013, as compared to the year ago period and includes Adobe Campaign revenue from our acquisition of Neolane in the third quarter of fiscal 2013.\nThe increase noted above was partially offset by expected declines in revenue associated with our legacy products during fiscal 2013.\nPrint and Publishing Revenue from Print and Publishing decreased during fiscal 2013 as compared to fiscal 2012, primarily due to increased ETLAs for certain products in this group."}
{"_id": "d8ca0ff42", "title": "", "text": "Acetyl Intermediates\nTable 1: Our Acetyl Intermediates segment produces and supplies acetyl products, including acetic acid, VAM, acetic anhydride and acetate esters.\nThese products are generally used as starting materials for colorants, paints, adhesives, coatings, medicines and more.\nOther chemicals produced in this segment are organic solvents and intermediates for pharmaceutical, agricultural and chemical products.\nNet sales increased by 7% during 2008 primarily due to increased prices and favorable foreign currency impacts, partially offset by lower volumes.\nOur formula-based pricing arrangements benefited from higher ethylene and methanol costs during the first nine months of 2008.\nMarket tightness in the Americas and favorable foreign currency impacts in Europe also contributed to the increase in net sales.\nReduced volumes offset the increase in net sales as the slowdown of the global economy caused customers to slow production and diminish current inventory levels, particularly in Asia during the fourth quarter.\nWe expect the impact of our customers destocking initiatives to continue to a lesser extent during 2009.\nEthylene and methanol prices decreased during the fourth quarter of 2008 on slowed global demand.\nOperating profit declined $307 million primarily as a result of higher ethylene, methanol and energy prices, increased other charges, increased depreciation and amortization and the absence of a $12 million gain on the sale of our Edmonton facility in 2007.\nOther charges increased during 2008 partially due to $76 million of long-lived asset impairment losses recognized in 2008 related to the potential closure of our acetic acid and VAM production facility in Pardies, France, our VAM production unit in Cangrejera, Mexico (which we subsequently decided to shut down effective at the end of February 2009) and certain other facilities.\nOther charges in 2008 also includes $23 million of long-lived asset impairment and $13 million of severance and retention charges related to the shutdown of our Pampa, Texas facility.\nAlso contributing to the increase was the absence of a one-time payment of $31 million received in 2007 in resolution of commercial disputes with a vendor and a $25 million decrease in insurance recoveries received in partial satisfaction of the losses resulting from the temporary outage of the acetic acid unit at our Clear Lake, Texas facility.\nIncreased depreciation and amortization expense during 2008 is the result of accelerated depreciation associated with the shutdown of our Pampa, Texas facility and a full year of depreciation for our acetic acid plant in Nanjing, China, which started up in mid-2007.\nEarnings from continuing operations before tax and minority interest differs from operating profit primarily as a result of dividend income from our cost investment, National Methanol Co.  (Ibn Sina).\nIncreased dividend income of $41 million during 2008 had a positive impact on earnings from continuing operations before tax and minority interest.\nIbn Sina increased their dividends as a result of higher earnings from expanding margins for methanol and methyl tertiary-butyl ether.\nThe weighted average grant date fair value of options granted during 2012, 2011, and 2010 was $13, $19 and $20 per share, respectively.\nThe total intrinsic value of options exercised during the years ended December 31, 2012, 2011 and 2010, was $19.0 million, $4.2 million and $15.6 million, respectively.\nIn 2012, the company granted 931,340 shares of restricted Class A common stock and 4,048 shares of restricted stock units.\nRestricted common stock and restricted stock units generally have a vesting period of 2 to 4 years.\nThe fair value related to these grants was $54.5 million, which is recognized as compensation expense on an accelerated basis over the vesting period.\nBeginning with restricted stock grants in September 2010, dividends are accrued on restricted Class A common stock and restricted stock units and are paid once the restricted stock vests.\nIn 2012, the company also granted 138,410 performance shares.\nThe fair value related to these grants was $7.7 million, which is recognized as compensation expense on an accelerated and straight-lined basis over the vesting period.\nThe vesting of these shares is contingent on meeting stated performance or market conditions.\nThe following table summarizes restricted stock, restricted stock units, and performance shares activity for 2012:"}
{"_id": "d89f7048a", "title": "", "text": "| March 31, 2013 March 31, 2012 | (In millions) | Cash Equivalents | Money market funds-1 | Time deposits-2 | Repurchase agreements-2 | Total cash equivalents |"}
{"_id": "d869890b0", "title": "", "text": "| Residential Commercial/Industrial Total Customers | Arkansas | Louisiana | Minnesota | Mississippi | Oklahoma | Texas | Total Gas Operations |"}
{"_id": "d8e64bb20", "title": "", "text": "be adjusted by reference to a grid (the \n“Pricing Grid”) based on the consolidated leverage ratio and ranges between 1.00% to 1.25% for adjusted LIBOR loans and 0.00% to 0.25% for alternate base rate loans.\nThe weighted average interest rate under the outstanding term loans and revolving credit facility borrowings was 1.6% and 1.3% during the years ended December 31, 2016 and 2015, respectively.\nThe Company pays a commitment fee on the average daily unused amount of the revolving credit facility and certain fees with respect to letters of credit.\nAs of December 31, 2016, the commitment fee was 15.0 basis points.\nSince inception, the Company incurred and deferred $3.9 million in financing costs in connection with the credit agreement.3.250% Senior Notes In June 2016, the Company issued $600.0 million aggregate principal amount of 3.250% senior unsecured notes due June 15, 2026 (the “Notes”).\nThe proceeds were used to pay down amounts outstanding under the revolving credit facility.\nInterest is payable semi-annually on June 15 and December 15 beginning December 15, 2016.\nPrior to March 15, 2026 (three months prior to the maturity date of the Notes), the Company may redeem some or all of the Notes at any time or from time to time at a redemption price equal to the greater of 100% of the principal amount of the Notes to be redeemed or a “make-whole” amount applicable to such Notes as described in the indenture governing the Notes, plus accrued and unpaid interest to, but excluding, the redemption date.\nOn or after March 15, 2026 (three months prior to the maturity date of the Notes), the Company may redeem some or all of the Notes at any time or from time to time at a redemption price equal to 100% of the principal amount of the Notes to be redeemed, plus accrued and unpaid interest to, but excluding, the redemption date.\nThe indenture governing the Notes contains covenants, including limitations that restrict the Company’s ability and the ability of certain of its subsidiaries to create or incur secured indebtedness and enter into sale and leaseback transactions and the Company’s ability to consolidate, merge or transfer all or substantially all of its properties or assets to another person, in each case subject to material exceptions described in the indenture.\nThe Company incurred and deferred $5.3 million in financing costs in connection with the Notes.\nOther Long Term Debt In December 2012, the Company entered into a $50.0 million recourse loan collateralized by the land, buildings and tenant improvements comprising the Company’s corporate headquarters.\nThe loan has a seven year term and maturity date of December 2019.\nThe loan bears interest at one month LIBOR plus a margin of 1.50%, and allows for prepayment without penalty.\nThe loan includes covenants and events of default substantially consistent with the Company’s credit agreement discussed above.\nThe loan also requires prior approval of the lender for certain matters related to the property, including transfers of any interest in the property.\nAs of December 31, 2016 and 2015, the outstanding balance on the loan was $42.0 million and $44.0 million, respectively.\nThe weighted average interest rate on the loan was 2.0% and 1.7% for the years ended December 31, 2016 and 2015, respectively.\nThe following are the scheduled maturities of long term debt as of December 31, 2016:"}
{"_id": "d89a6ea36", "title": "", "text": "Table VII Allocation of the Allowance for Credit Losses by Product Type"}
{"_id": "d85fde1dc", "title": "", "text": "| December 31, 2006 December 31, 2005 | Notional | Amount | (In millions) | Interest rate swaps | Interest rate floors | Interest rate caps | Financial futures | Foreign currency swaps | Foreign currency forwards | Options | Financial forwards | Credit default swaps | Synthetic GICs | Other | Total | December 31, 2006 | Primary Beneficiary | Maximum | Total | Assets-1 | (In millions) | Asset-backed securitizations and collateralized debt obligations | Real estate joint ventures-3 | Other limited partnerships interests-4 | Other investments-5 | Total |"}
{"_id": "d8a8623a4", "title": "", "text": "| 2007 2008 Change | Capital gain distributions received | Other than temporary impairments recognized | Net gains (losses) realized on funddispositions | Net gain (loss) recognized on fund holdings |"}
{"_id": "d81537462", "title": "", "text": "Other expense, net increased $0.8 million to $7.2 million in 2015 from $6.4 million in 2014.\nThis increase was due to higher net losses on the combined foreign currency exchange rate changes on transactions denominated in foreign currencies and our foreign currency derivative financial instruments in 2015.\nProvision for income taxes increased $19.9 million to $154.1 million in 2015 from $134.2 million in 2014.\nOur effective tax rate was 39.9% in 2015 compared to 39.2% in 2014.\nOur effective tax rate for 2015 was higher than the effective tax rate for 2014 primarily due to increased non-deductible costs incurred in connection with our Connected Fitness acquisitions in 2015.\nYear Ended December 31, 2014 Compared to Year Ended December 31, 2013 Net revenues increased $752.3 million, or 32.3%, to $3,084.4 million in 2014 from $2,332.1 million in 2013.\nNet revenues by product category are summarized below:"}
{"_id": "d81922a68", "title": "", "text": "| December 31, 2014 | As Reported | Inventories | Total Current Assets | Property, plant and equipment, net | Other assets | Total Assets | Accounts payable | Income taxes payable | Other current liabilities | Total Current Liabilities | Long-term income tax payable | Total Liabilities | Retained earnings | Accumulated other comprehensive income | Total Zimmer Holdings, Inc. stockholders’ equity | Total Stockholders’ Equity | Total Liabilities and Stockholders’ Equity |"}
{"_id": "d8def801c", "title": "", "text": "| ($ in millions) 2008 2007 2006 | Allstate Protection | Auto | Homeowners | Other lines | Total Allstate Protection | Discontinued Lines and Coverages | Asbestos | Environmental | Other discontinued lines | Total Discontinued Lines and Coverages | Total Property-Liability |"}
{"_id": "d8c6e900c", "title": "", "text": "| December 31, 2010 December 31, 2009 | Amortized Cost-1 | (in millions) | Less than three months | Three months or greater but less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Greater than twelve months | Total |"}
{"_id": "d82080602", "title": "", "text": "MARATHON OIL CORPORATION Notes to Consolidated Financial Statements equivalent to the Exchangeable Shares at the acquisition date as discussed below.\nAdditional shares of voting preferred stock will be issued as necessary to adjust the number of votes to account for changes in the exchange ratio.\nPreferred shares – In connection with the acquisition of Western discussed in Note 6, the Board of Directors authorized a class of voting preferred stock consisting of 6 million shares.\nUpon completion of the acquisition, we issued 5 million shares of this voting preferred stock to a trustee, who holds the shares for the benefit of the holders of the Exchangeable Shares discussed above.\nEach share of voting preferred stock is entitled to one vote on all matters submitted to the holders of Marathon common stock.\nEach holder of Exchangeable Shares may direct the trustee to vote the number of shares of voting preferred stock equal to the number of shares of Marathon common stock issuable upon the exchange of the Exchangeable Shares held by that holder.\nIn no event will the aggregate number of votes entitled to be cast by the trustee with respect to the outstanding shares of voting preferred stock exceed the number of votes entitled to be cast with respect to the outstanding Exchangeable Shares.\nExcept as otherwise provided in our restated certificate of incorporation or by applicable law, the common stock and the voting preferred stock will vote together as a single class in the election of directors of Marathon and on all other matters submitted to a vote of stockholders of Marathon generally.\nThe voting preferred stock will have no other voting rights except as required by law.\nOther than dividends payable solely in shares of voting preferred stock, no dividend or other distribution, will be paid or payable to the holder of the voting preferred stock.\nIn the event of any liquidation, dissolution or winding up of Marathon, the holder of shares of the voting preferred stock will not be entitled to receive any assets of Marathon available for distribution to its stockholders.\nThe voting preferred stock is not convertible into any other class or series of the capital stock of Marathon or into cash, property or other rights, and may not be redeemed.25."}
{"_id": "d8dfe9804", "title": "", "text": "| December 31, | 2013 | (in millions) | Advice & Wealth Management | Asset Management | Annuities | Protection | Corporate & Other | Total assets |"}
{"_id": "d81decb02", "title": "", "text": "Derivative Financial Instruments The Company uses derivatives to partially offset its business exposure to foreign exchange risk.\nForeign currency forward and option contracts are used to offset the foreign exchange risk on certain existing assets and liabilities and to hedge the foreign exchange risk on expected future cash flows on certain forecasted revenue and cost of sales.\nFrom time to time, the Company enters into interest rate derivative agreements to modify the interest rate profile of certain investments and debt.\nThe Companys accounting policies for these instruments are based on whether the instruments are designated as hedge or non-hedge instruments.\nThe Company records all derivatives on the balance sheet at fair value."}
{"_id": "d88ee0ce6", "title": "", "text": "increase in dividends paid.\nFree cash flow is defined as cash provided by operating activities less cash used in investing activities and dividends paid.\nFree cash flow is not considered a financial measure under accounting principles generally accepted in the U. S.  (GAAP) by SEC Regulation G and Item 10 of SEC Regulation S-K and may not be defined and calculated by other companies in the same manner.\nWe believe free cash flow is important to management and investors in evaluating our financial performance and measures our ability to generate cash without additional external financings.\nFree cash flow should be considered in addition to, rather than as a substitute for, cash provided by operating activities.\nThe following table reconciles cash provided by operating activities (GAAP measure) to free cash flow (non-GAAP measure):"}
{"_id": "d88963a7a", "title": "", "text": "| 2011 2012 2013 2014 2015 2016 | JKHY | Peer Group | S&P 500 |"}
{"_id": "d8a951d8c", "title": "", "text": "| 2008 2007 2006 | Taxable-equivalent basisDollars in millions | Assets | Interest-earning assets | Investment securities | Securities available for sale | Residential mortgage-backed | Commercial mortgage-backed | Asset-backed | U.S. Treasury and government agencies | State and municipal | Other debt | Corporate stocks and other | Total securities available for sale | Securities held to maturity | Total investment securities | Loans | Commercial | Commercial real estate | Equipment lease financing | Consumer | Residential mortgage | Other | Total loans | Loans held for sale | Federal funds sold and resale agreements | Other | Total interest-earning assets/interest income | Noninterest-earning assets | Allowance for loan and lease losses | Cash and due from banks | Other | Total assets | Liabilities, Minority and Noncontrolling Interests, and Shareholders’ Equity | Interest-bearing liabilities | Interest-bearing deposits | Money market | Demand | Savings | Retail certificates of deposit | Other time | Time deposits in foreign offices | Total interest-bearing deposits | Borrowed funds | Federal funds purchased and repurchase agreements | Federal Home Loan Bank borrowings | Bank notes and senior debt | Subordinated debt | Other | Total borrowed funds | Total interest-bearing liabilities/interest expense | Noninterest-bearing liabilities, minority and noncontrolling interests, and shareholders’ equity | Demand and other noninterest-bearing deposits | Allowance for unfunded loan commitments and letters of credit | Accrued expenses and other liabilities | Minority and noncontrolling interests in consolidated entities | Shareholders’ equity | Total liabilities, minority and noncontrolling interests, and shareholders’equity | Interest rate spread | Impact of noninterest-bearing sources | Net interest income/margin | Change in Assumption | .5% decrease in discount rate(a) | .5% decrease in expected long-term return on assets | .5% increase in compensation rate |"}
{"_id": "d8f4e1144", "title": "", "text": "| As of December 31, | 2018 | Consolidated Balance Sheet Data | Cash and cash equivalents | Margin deposits, guaranty funds and delivery contracts receivable-1 | Total current assets | Goodwill and other intangible assets, net-2 | Total assets | Margin deposits, guaranty funds and delivery contracts payable-1 | Total current liabilities | Short-term and long-term debt-2 | Equity-2 |"}
{"_id": "d85d724d4", "title": "", "text": "| Table 2 Summary Income Statement | (Dollars in millions) | Net interest income (FTE basis)(1) | Noninterest income | Total revenue, net of interest expense (FTE basis)(1) | Provision for credit losses | Goodwill impairment | All other noninterest expense | Income (loss) before income taxes | Income tax expense (benefit) (FTE basis)(1) | Net income (loss) | Preferred stock dividends | Net income (loss) applicable to common shareholders | Per common share information | Earnings (loss) | Diluted earnings (loss) |"}
{"_id": "d8cdd4042", "title": "", "text": "Item 3.\nLegal Proceedings.\nDiscussion of legal proceedings is incorporated by reference from Part II, Item 8, Note 15, Commitments and Contingencies, of this Form 10-K and should be considered an integral part of Part I, Item 3, Legal Proceedings.\n Other environmental-related legal proceedings are discussed at Part I, Item 1(c) above, under the heading Environmental and Regulatory Considerations and is incorporated herein by reference.\nItem 4.\nMine Safety Disclosures.\nNot applicable.\nBelgian Tax Matter Belgian Tax Matter In January 2012, the Company received a ¬23,789 assessment from the Belgian tax authority related to its year ended December 31, 2008, asserting that the Company had understated its Belgian taxable income for that year.\nThe Company filed a formal protest in the first quarter of 2012 refuting the Belgian tax authority¡¯s position.\nThe Belgian tax authority set aside the assessment in the third quarter of 2012 and refunded all related deposits, including interest income of ¬1,583 earned on such deposits.\nHowever, on October 23, 2012, the Belgian tax authority notified the Company of its intent to increase the Company¡¯s taxable income for the year ended December 31, 2008 under a revised theory.\nOn December 28, 2012, the Belgian tax authority issued assessments for the years ended December 31, 2005 and December 31, 2009, in the amounts of ¬46,135 and ¬35,567, respectively, including penalties, but excluding interest.\nThe Company filed a formal protest during the first quarter of 2013 relating to the new assessments.\nIn September 2013, the Belgian tax authority denied the Company¡¯s protests, and the Company has brought these two years before the Court of First Appeal in Bruges.\nIn December 2013, the Belgian tax authority issued additional assessments related to the years ended December 31, 2006, 2007, and 2010, in the amounts of ¬38,817, ¬39,635, and ¬43,117, respectively, including penalties, but excluding interest.\nThe Company filed formal protests during the first quarter of 2014, refuting the Belgian tax authority¡¯s position for each of the years assessed.\nIn the quarter ended June 28, 2014, the Company received a formal assessment for the year ended December 31, 2008, totaling ¬30,131, against which the Company also submitted its formal protest.\nAll 4 additional years have been brought before the Court of First Appeal in November 2014.\nIn January of 2015, the Company met with the Court of First Appeal in Bruges, Belgium and agreed with the Belgium tax authorities to consolidate and argue the issues regarding the years 2005 and 2009, and apply the ruling to all of the open years (to the extent there are no additional facts/procedural arguments in the other years).\nIn May 2017, the statute of limitation was extended to include the calendar year 2011.\nOn January 27, 2016, the Court of First Appeal in Bruges, Belgium ruled in favor of the Company with respect to the calendar years ending December 31, 2005 and December 31, 2009.\nOn March 9, 2016, the Belgian tax authority lodged its Notification of Appeal with the Ghent Court of Appeal.\nThe Company disagrees with the views of the Belgian tax authority on this matter and will persist in its vigorous defense.\nNevertheless, on May 24, 2016, the tax collector representing the Belgian tax authorities imposed a lien on the Company¡¯s properties in Wielsbeke (Ooigemstraat and Breestraat), Oostrozebeke (Ingelmunstersteenweg) and Desselgem (Waregemstraat) included in the Flooring ROW segment.\nThe purpose of the lien is to provide security for payment should the Belgian tax authority prevail on its appeal.\nThe lien does not interfere with the Company¡¯s operations at these properties.\nNote 13.\nCommitments and Contingencies The Company is obligated under various operating leases for office and manufacturing space, machinery, and equipment."}
{"_id": "d879201e0", "title": "", "text": "| Fiscal Year | In Millions | Net gain (loss) onmark-to-marketvaluation of commodity positions | Net loss on commodity positions reclassified from unallocated corporate items to segmentoperating profit | Netmark-to-marketrevaluation of certain grain inventories | Netmark-to-marketvaluation of certain commodity positions recognized in unallocated corporate items |"}
{"_id": "d8b10a7a4", "title": "", "text": "| April 2, 2011 April 3, 2010 | Gross   Carrying   Amount | (millions) | Intangible assets subject to amortization: | Re-acquired licensed trademarks | Customer relationships/lists | Other | Total intangible assets subject to amortization | Intangible assets not subject to amortization: | Trademarks and brands | Total intangible assets |"}
{"_id": "d8f73def6", "title": "", "text": "| Credit Card (a) Other Consumer (b) | Dollars in millions | December 31, 2015 | FICO score greater than 719 | 650 to 719 | 620 to 649 | Less than 620 | No FICO score available or required (c) | Total loans using FICO credit metric | Consumer loans using other internal credit metrics (b) | Total loan balance | Weighted-average updated FICO score (d) | December 31, 2014 | FICO score greater than 719 | 650 to 719 | 620 to 649 | Less than 620 | No FICO score available or required (c) | Total loans using FICO credit metric | Consumer loans using other internal credit metrics (b) | Total loan balance | Weighted-average updated FICO score (d) |"}
{"_id": "d8e2dc73c", "title": "", "text": "| Change in Assumption (a) EstimatedIncrease to 2012PensionExpense(In millions) | .5% decrease in discount rate | .5% decrease in expected long-term return on assets | .5% increase in compensation rate |"}
{"_id": "d82e928d0", "title": "", "text": "| Number Capacity(MMBbl) | Liquids terminals | Bulk terminals | Materials Services locations | Jones Act qualified tankers |"}
{"_id": "d8dfe985e", "title": "", "text": "| Years Ended December 31, | 2013 | (in millions, except per share data) | Income Statement Data: | Total net revenues | Total expenses | Income from continuing operations | Income (loss) from discontinued operations, net of tax | Net income | Less: Net income (loss) attributable to noncontrolling interests | Net income attributable to Ameriprise Financial | Earnings Per Share Attributable to Ameriprise Financial, Inc. Common Shareholders: | Basic | Income from continuing operations | Loss from discontinued operations | Net income | Diluted | Income from continuing operations | Loss from discontinued operations | Net income | Cash Dividends Declared Per Common Share |"}
{"_id": "d8af8a8ca", "title": "", "text": "In August 2016, the Company entered into interest rate swap agreements to hedge the cash flows with respect to $1.2 billion of the aggregate principal outstanding on the Company's variable rate senior secured notes (see \nNote 10Derivative Instruments"}
{"_id": "d834278f4", "title": "", "text": "| Year Ended December 31, | 2012 | Electric Energy Delivered(millions of kWh) | CECONY full service customers | Delivery service for retail choice customers | Delivery service to NYPA customers and others | Delivery service for municipal agencies | Total Deliveries in Franchise Area | Electric Energy Delivered($ in millions) | CECONY full service customers | Delivery service for retail choice customers | Delivery service to NYPA customers and others | Delivery service for municipal agencies | Other operating revenues | Total Deliveries in Franchise Area | Average Revenue per kWh Sold(Cents)(a) | Residential | Commercial and Industrial |"}
{"_id": "d89d96c90", "title": "", "text": "| Year Ended December 31, | 2011 | $ | ($ in thousands) | Commissions | Technology products and services | Information and user access fees | Investment income | Other | Total revenues |"}
{"_id": "d89197f16", "title": "", "text": "| Years Ended December 31, 2017 2016 2015 | Mexico | Philippines | Bulgaria | Chile | AES Corporation | Argentina | United Kingdom | Colombia | Other | Total-1 |"}
{"_id": "d8b728384", "title": "", "text": "x Level 3 - Level 3 inputs are pricing inputs that are generally less observable or unobservable from objective sources.\nThese inputs are used with internally developed methodologies to produce management's best estimate of fair value for the asset or liability.\nLevel 3 consists primarily of derivative power contracts used as cash flow hedges of power sales at unregulated power plants.\nThe values for the cash flow hedges that are recorded as derivative contract assets or liabilities are based on both observable inputs including public market prices and unobservable inputs such as model-generated prices for longer-term markets and are classified as Level 3 assets and liabilities.\nThe amounts reflected as the fair value of derivative assets or liabilities are based on the estimated amount that the contracts are in-the-money at the balance sheet date (treated as an asset) or out-of-the-money at the balance sheet date (treated as a liability) and would equal the estimated amount receivable from or payable to Entergy if the contracts were settled at that date.\nThese derivative contracts include cash flow hedges that swap fixed for floating cash flows for sales of the output from Entergy's Non-Utility Nuclear business.\nThe fair values are based on the mark-to-market comparison between the fixed contract prices and the floating prices determined each period from a combination of quoted forward power market prices for the period for which such curves are available, and model-generated prices using quoted forward gas market curves and estimates regarding heat rates to convert gas to power and the costs associated with the transportation of the power from the plants' bus bar to the contract's point of delivery, generally a power market hub, for the period thereafter.\nThe difference between the fixed price in the swap contract and these market-related prices multiplied by the volume specified in the contract and discounted at the counterparties' credit adjusted risk free rate are recorded as derivative contract assets or liabilities.\nAll of the $207 million net assets at December 31, 2008 are in-the-money contracts with counterparties who are currently all investment grade."}
{"_id": "d8843b1ec", "title": "", "text": "| InvestmentServicing InvestmentManagement Other Total | Years Ended December 31, | (Dollars in millions,except where otherwise noted) | Fee revenue: | Servicing fees | Management fees | Trading services | Securities finance | Processing fees and other | Total fee revenue | Net interest revenue | Gains (losses) related to investment securities, net | Total revenue | Provision for loan losses | Total expenses | Income before income tax expense | Pre-tax margin | Average assets (in billions) |"}
{"_id": "d861e38ce", "title": "", "text": "| NIR-AT-RISK Estimated Exposure to Net Interest Revenue | 2005 | (Dollars in millions) Rate Change | + 100 bps shock | – 100 bps shock | + 100 bps ramp | – 100 bps ramp |"}
{"_id": "d8ea0ef8c", "title": "", "text": "| December 31, 2009 | Problem, potential problem, and restructured | Carrying amount | (in millions) | Three months or less | Greater than three to six months | Greater than six to nine months | Greater than nine to twelve months | Greater than twelve months | Total fixed maturities, available-for-sale |"}
{"_id": "d82a93c34", "title": "", "text": "| 2013 2014to2015 2016to2017 After2017 Total | Long-term debt-1 | Interest expense related to long-term debt | Reduction of interest expense from interest rate swapagreements related to long-term debt | Operating leases | Purchase obligations | Other long-term obligations | Total |"}
{"_id": "d83dd4d5c", "title": "", "text": "| Approximate Number of Vehicles Approximate Average Age | Residential | Small-container | Large-container | Total | 2017 | Salaries | Provision for doubtful accounts | Other | Total selling, general and administrative expenses |"}
{"_id": "d8827ae2a", "title": "", "text": "| Year ended December 31, | 2016 | (in millions) | Operating results: | Revenues | Benefits and expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments | Related charges | Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d8e7eb75a", "title": "", "text": "| As of December 31, 2016 As of December 31, 2015 | (In millions) | Out-licensed patents | Developed technology | In-process research and development | Trademarks and trade names | Acquired and in-licensed rights and patents | Total intangible assets |"}
{"_id": "d88afa64a", "title": "", "text": "| Change | 2003 | (in thousands) | IBNR-1 | Unprocessed claim inventories-2 | Processed claim inventories-3 | Payable to pharmacy benefit administrator and other-4 | Total medical and other expenses payable |"}
{"_id": "d8b4e9528", "title": "", "text": "Financing Activities For the year ended 2014, cash used by financing activities was $504.3 primarily attributable to cash used to pay dividends of $627.7, which was partially offset by proceeds from stock option exercises of $141.6.\nOur borrowings (short- and long-term proceeds, net of repayments) were a net source of cash (issuance) of $1.1 and included $148.7 of net commercial paper and other short-term debt issuances, debt proceeds from the issuance of a"}
{"_id": "d86605100", "title": "", "text": "| 2003 2002 2001 | Quarter | First | Second | Third | Fourth |"}
{"_id": "d8f7e6da8", "title": "", "text": "| Share value and redemption price per share(b) Shares Outstanding at December 31, 2008 (in millions) Earliest redemption date Contractual rate in effect at December 31, 2008 | Cumulative Preferred Stock, SeriesE(a) | Cumulative Preferred Stock, SeriesF(a) | Cumulative Preferred Stock, SeriesG(a) | Fixed to Floating Rate NoncumulativePerpetual Preferred Stock, Series I(a) | Noncumulative Perpetual PreferredStock, Series J(a) | Fixed Rate Cumulative PerpetualPreferred Stock, Series K | Total preferred stock | Year ended December 31, | Common dividend payout ratio |"}
{"_id": "d87b22614", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) (Amounts in Millions, Except Per Share Amounts) foreign subsidiaries and thereby postpone their remittance.\nWe have not provided deferred U. S.  income taxes or foreign withholding taxes on temporary differences resulting from earnings for certain foreign subsidiaries which are permanently reinvested outside the United States.\nIt is not practicable to determine the amount of unrecognized deferred tax liability associated with these temporary differences.\nIn 2006 we finalized the 1994-1996 IRS audit cycle.\nWe agreed to an IRS adjustment to move a tax deduction into later years.\nThe deferral of this deduction has not impacted our tax provision in 2006.\nIn addition, in 2006 the IRS completed their field audit of the years 1997 through 2002 and has proposed additionstoourtaxableincome.\nWehaveappealed anumberoftheseproposedadditions.\nFurther,duringthesecond quarter of 2006, the IRS commenced the audit of the 2003 and 2004 income tax returns.\nIn 2006, we presented the IRS with an adjustment to our taxable loss for 2004 to claim a deduction for a worthlessness loss of an acquired business which we originally claimed on our 2002 tax return but which the IRS disallowed.\nWe had previously received a refund of approximately $45.0 from the carryback of the 2002 loss to a previous year.\nIn 2006, we paid $52.7, including interest, as a result of the disallowance of this loss deduction for 2002.\nThis loss claim is currently being reviewed by the IRS in conjunction with their audit of the 2003-2004 income tax return.\nAlso in 2006, a decision was reached to carryback our loss generated in 2005 to 2003.\nThe taxable income in 2003 would be reduced, with the corollary effect of previously claimed foreign tax credits being displaced.\nThe displaced foreign tax credits will become part of our foreign tax credit carryforward, on which a full valuation allowance has been recorded.\nAccordingly, we have recorded a charge to tax expense in 2006 for this item.\nWe have various tax years under examination by tax authorities in various countries, such as the United Kingdom, and in various states, such as New York, in which we have significant business operations.\nIt is not yet known whether these examinations will, in the aggregate, result in our paying additional taxes.\nWe have established tax reserves that we believe to be adequate in relation to the potential for additional assessments in each of the jurisdictions in which we are subject to taxation.\nWe regularly assess the likelihood of additional tax assessments in those jurisdictions and adjust our reserves as additional information or events require.\nSee Note 19 for further information."}
{"_id": "d87bb676a", "title": "", "text": "| December 31, 2007 Percentage of Total December 31, 2006 Percentage of Total | (dollars in thousands) | IBNR | Reported claims in process | Other benefits payable | Benefits payable, excluding military services | Military services benefits payable | Total benefits payable |"}
{"_id": "d86b05b96", "title": "", "text": "| Year Ended December 31, 2014 2013 2012 | Purchases of investments | Proceeds from disposals of investments | Acquisitions of businesses, equity method investments and nonmarketable securities | Proceeds from disposals of businesses, equity method investments and nonmarketable securities | Purchases of property, plant and equipment | Proceeds from disposals of property, plant and equipment | Other investing activities | Net cash provided by (used in) investing activities |"}
{"_id": "d8cb482ec", "title": "", "text": "| Year Ended December 31 2012 over 2011 2011 over 2010 | ($ in millions) | Sales and service revenues | Segment operating income (loss) | As a percentage of segment sales |"}
{"_id": "d86194756", "title": "", "text": "Expense relating to unvested restricted stock awards is recognized on a straight-line basis, generally over the applicable service period, and totaled $6.5 million, $9.4 million and $8.7 million for the years ended December 31, 2016, 2015 and 2014, respectively.\nUnamortized cost for unvested restricted stock awards, which reflects an estimated forfeiture rate of 5.0% per year over the vesting period, totaled $6.4 million at December 31, 2016, and is expected to be recognized over the remaining weighted-average vesting period of 1.3 years.\nThe total fair value of restricted stock awards vested during the years ended December 31, 2016, 2015 and 2014 was $9.8 million, $9.4 million and $10.3 million, respectively.\nDuring 2016, 2015 and 2014, employees of People’s United tendered a total of 289,992 shares, 230,459 shares and 229,635 shares of common stock, respectively, in satisfaction of their related minimum tax withholding obligations upon the vesting of restricted stock awards granted in prior periods and/or in payment of the exercise price and satisfaction of their related minimum tax withholding obligations upon the exercise of stock options granted in prior periods.\nThere is no limit on the number of shares that may be tendered by employees of People’s United in the future for these purposes.\nShares acquired in payment of the stock option exercise price or in satisfaction of minimum tax withholding obligations are not eligible for reissuance in connection with any subsequent grants made pursuant to equity compensation plans maintained by People’s United.\nRather, all shares acquired in this manner are retired by People’s United, resuming the status of authorized but unissued shares of People’s United’s common stock.\nThe total cost of shares repurchased and retired applicable to restricted stock awards during the years ended December 31, 2016, 2015 and 2014 was $3.4 million, $3.2 million and $3.0 million, respectively.\nDirectors’ Equity Compensation Plan The People’s United Financial, Inc.  Directors’ Equity Compensation Plan (the “Directors’ Plan”) provides for an annual award of shares of People’s United common stock with a fair value of approximately $95,000 to each non-employee director immediately following each annual meeting of shareholders.\nShares of People’s United common stock issued pursuant to the Directors’ Plan are subject to a one-year vesting period, with no post-vesting transfer restrictions.\nA total of 1,192,500 shares of People’s United common stock are reserved for issuance under the Directors’ Plan."}
{"_id": "d8612dae2", "title": "", "text": "| Years Ended December 31, | 2017 | Advice & Wealth Management | Asset Management | Annuities | Protection | Corporate & Other | Total segment operating earnings | Net realized gains (losses) | Net income (loss) attributable to CIEs | Market impact on variable annuity guaranteed benefits, net | Market impact on IUL benefits, net | Market impact of hedges on investments | Integration and restructuring charges | Pretax income per consolidated statements of operations |"}
{"_id": "d8c043964", "title": "", "text": "| Year Ended December 31, | 2018 | Operating Data: | Rental income | Property operating income-1 | Operating income | Income from continuing operations | Gain on sale of real estate and change in control of interests, net | Net income | Net income available for common shareholders | Net cash provided by operating activities | Net cash used in investing activities | Net cash (used in) provided by financing activities | Earnings per common share, basic: | Net income available to common shareholders | Weighted average number of common shares, basic | Earnings per common share, diluted: | Net income available to common shareholders | Weighted average number of common shares, diluted | Dividends declared per common share | Other Data: | Funds from operations available to common shareholders-2 | EBITDAre-3 | Ratio of EBITDAre to combined fixed charges and preferred share dividends-3(4) |"}
{"_id": "d8dc06480", "title": "", "text": "Of the $129.8 million, $124.6 million and $137.6 million ending gross unrecognized tax benefit balance, as of April 30, 2010, 2009 and 2008, respectively, $106.8 million, $107.0 million and $119.6 million, respectively, if recognized, would impact the effective rate.\nThis difference results from adjusting the gross balances for such items as federal, state and foreign deferred items, interest and deductible taxes.\nWe believe it is reasonably possible that the balance of unrecognized tax benefits could decrease by approximately $74.5 million within the next twelve months due to anticipated settlements of audit issues and expiring statutes of limitations.\nThis amount is included in accrued income taxes in our consolidated balance sheet.\nThe remaining amount is classified as longterm and is included in other noncurrent liabilities in the consolidated balance sheet.\nInterest and penalties, if any, accrued on the unrecognized tax benefits are reflected in income tax expense.\nThe amount of gross interest and penalties accrued on uncertain tax positions during fiscal years 2010, 2009 and 2008 totaled $4.1 million, $15.4 million and $18.6 million, respectively.\nThe total gross interest and penalties accrued as of April 30, 2010, 2009 and 2008 totaled $39.7 million, $42.4 million and $47.5 million, respectively.\nWe file a consolidated federal income tax return in the U. S.  and file tax returns in various state and foreign jurisdictions.\nThe consolidated tax returns for the years 2006 and 2007 are currently under examination by the IRS.\nThe consolidated tax returns for the years 1999  2005 are at the appellate level.\nTax years prior to 1999 are closed by statute.\nHistorically, tax returns in various foreign and state jurisdictions are examined and settled upon completion of the examination.\nThe following tables display the delinquency status of our loans and our nonperforming assets at December 31, 2013 and December 31, 2012, respectively.\nTable 63: Analysis of Loan Portfolio (a)"}
{"_id": "d89e3c578", "title": "", "text": "Under the TeamShare Stock Option Plan, full-time employees, excluding key executives, were granted options to purchase the Companys common stock at the market price on the date the options were granted.\nThe Company authorized 66 million shares for issuance under the plan.\nIndividual grants generally became exercisable evenly on the third, fourth, and fifth anniversary of the grant date and have a maximum term of 10 years.\nOptions on 35.3 million shares have been exercised under the plan as of December 31, 2005.\nThe fair value of the options granted during 2005, 2004 and 2003 was estimated as $5.49 per common share, $5.91 per common share and $5.15 per common share, respectively, on the date of grant using the Black-Scholes option-pricing model with the following assumptions:"}
{"_id": "d816caa4a", "title": "", "text": "| December 31, 2007 December 31, 2006 December 31, 2005 | General partner interest | Limited partner interest | Total ownership interest |"}
{"_id": "d868cc37a", "title": "", "text": "| Year Ended December 31, | 2012 | (In $ millions) | Recoveries | Legal reserve reductions | Total |"}
{"_id": "d8ea8bcd0", "title": "", "text": "| December 31 | ($ in millions) | Senior notes due December 15, 2021, 5.000% | Senior notes due November 15, 2025, 5.000% | Senior notes due December 1, 2027, 3.483% | Mississippi economic development revenue bonds due May 1, 2024, 7.81% | Gulf opportunity zone industrial development revenue bonds due December 1, 2028, 4.55% | Less unamortized debt issuance costs | Total long-term debt |"}
{"_id": "d8f7275de", "title": "", "text": "| In millions of dollars at December 31, 2018 Level 1 Level 2 Level 3 Grossinventory Netting-1 Netbalance | Assets | Federal funds sold and securities borrowed and purchased under agreements to resell | Trading non-derivative assets | Trading mortgage-backed securities | U.S. government-sponsored agency guaranteed | Residential | Commercial | Total trading mortgage-backed securities | U.S. Treasury and federal agency securities | State and municipal | Foreign government | Corporate | Equity securities | Asset-backed securities | Other trading assets-2 | Total trading non-derivative assets | Trading derivatives | Interest rate contracts | Foreign exchange contracts | Equity contracts | Commodity contracts | Credit derivatives | Total trading derivatives | Cash collateral paid-3 | Netting agreements | Netting of cash collateral received | Total trading derivatives | Investments | Mortgage-backed securities | U.S. government-sponsored agency guaranteed | Residential | Commercial | Total investment mortgage-backed securities | U.S. Treasury and federal agency securities | State and municipal | Foreign government | Corporate | Marketable equity securities | Asset-backed securities | Other debt securities | Non-marketable equity securities-4 | Total investments |"}
{"_id": "d87479920", "title": "", "text": "| Year ended December 31, Provision for loan losses Provision for lending-related commitments Total provision for credit losses | (in millions) | Investment Bank | Commercial Banking | Treasury & Securities Services | Asset Management | Corporate | Total Wholesale | Retail Financial Services | Card Services – reported | Corporate | Total Consumer | Total provision for credit losses – reported | Credit Services – securitized | Total provision for credit losses – managed |"}
{"_id": "d8870b4bc", "title": "", "text": "| In millions of dollars Credit valuation adjustment gain 2009 (loss) 2008 | Non-monoline counterparties | Citigroup (own) | Net non-monoline CVA | Monoline counterparties | Total CVA—derivative instruments |"}
{"_id": "d81317114", "title": "", "text": "| In Millions | 2017 | CMS Energy | Long-term liquid disposal and operating and maintenance costs |"}
{"_id": "d88e7c8fe", "title": "", "text": "REPUBLIC SERVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED Concentration of Credit Risk Financial instruments that potentially subject us to concentrations of credit risk consist of cash and cash equivalents, trade accounts receivable and derivative instruments.\nWe place our cash and cash equivalents with high quality financial institutions.\nSuch balances may be in excess of FDIC insured limits.\nTo manage the related credit exposure, we continually monitor the credit worthiness of the financial institutions where we have deposits.\nConcentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services, as well as the dispersion of our operations across many geographic areas.\nWe provide services to commercial, industrial, municipal and residential customers in the United States and Puerto Rico.\nWe perform ongoing credit evaluations of our customers, but do not require collateral to support customer receivables.\nWe establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers, age of receivables outstanding, historical trends, economic conditions and other information.\nNo customer exceeded 5% of our outstanding accounts receivable balance at December 31, 2010 or 2009.\nAccounts Receivable, Net of Allowance for Doubtful Accounts Accounts receivable represent receivables from customers for collection, transfer, recycling, disposal and other services.\nOur receivables are recorded when billed or when the related revenue is earned, if earlier, and represent claims against third parties that will be settled in cash.\nThe carrying value of our receivables, net of the allowance for doubtful accounts, represents their estimated net realizable value.\nProvisions for doubtful accounts are evaluated on a monthly basis and are recorded based on our historical collection experience, the age of the receivables, specific customer information and economic conditions.\nWe also review outstanding balances on an account-specific basis.\nIn general, reserves are provided for accounts receivable in excess of ninety days old.\nPast due receivable balances are written-off when our collection efforts have been unsuccessful in collecting amounts due.\nThe following table reflects the activity in our allowance for doubtful accounts for the years ended December 31, 2010, 2009 and 2008:"}
{"_id": "d8d998446", "title": "", "text": "| At or for the year ended December 31 | Dollars in millions, except as noted | Balance Sheet Highlights | Assets | Loans (a) | Allowance for loan and lease losses | Interest-earning deposits with banks (b) | Investment securities | Loans held for sale (a) | Equity investments (c) | Mortgage servicing rights | Goodwill | Other assets (a) | Noninterest-bearing deposits | Interest-bearing deposits | Total deposits | Borrowed funds (a) (d) | Total shareholders’ equity | Common shareholders’ equity | Accumulated other comprehensive income (loss) | Period-end common shares outstanding (millions) | Client Investment Assets(billions) | Discretionary client assets under management | Nondiscretionary client assets under administration | Total client assets under administration (e) | Brokerage account client assets | Total | Selected Ratios | Net interest margin (f) | Noninterest income to total revenue | Efficiency | Return on | Average common shareholders’ equity (g) | Average assets (g) | Loans to deposits | Dividend payout | Transitional Basel III common equity Tier 1 capital ratio (h) (i) (j) | Transitional Basel III Tier 1 risk-based capital ratio (h) (i) (j) | Pro forma fully phased-in Basel III common equity Tier 1 capital ratio(Non-GAAP) (i) (j) (k) | Basel I Tier 1 common capital ratio (j) | Basel I Tier 1 risk-based capital ratio (j) | Common shareholders’ equity to total assets | Average common shareholders’ equity to average assets | Selected Statistics | Employees | Retail Banking branches | ATMs |"}
{"_id": "d81143afe", "title": "", "text": "Industry Competitiveness The commercial jet airplane market and the airline industry remain extremely competitive.\nMarket liberalization in Europe, the Middle East and Asia is enabling low-cost airlines to continue gaining market share.\nThese airlines are increasing the pressure on airfares.\nThis results in continued cost pressures for all airlines and price pressure on our products.\nMajor productivity gains are essential to ensure a favorable market position at acceptable profit margins.\nContinued access to global markets remains vital to our ability to fully realize our sales potential and longterm investment returns.\nApproximately 91% of Commercial Airplanes total backlog, in dollar terms, is with non-U.\nS.  airlines.\nWe face aggressive international competitors who are intent on increasing their market share.\nThey offer competitive products and have access to most of the same customers and suppliers.\nWith government support,Airbus has historically invested heavily to create a family of products to compete with ours.\nRegional jet makers Embraer and Bombardier continue to develop and market larger and increasingly more capable airplanes, including Embraers E-195 in the regional jet market and Bombardiers C Series in the 100-150 seat transcontinental market.\nAdditionally, other competitors from Russia, China and Japan are developing commercial jet aircraft.\nSome of these competitors have historically enjoyed access to governmentprovided financial support, including launch aid, which greatly reduces the cost and commercial risks associated with airplane development activities.\nThis has enabled the development of airplanes without commercial viability; others to be brought to market more quickly than otherwise possible; and many offered for sale below market-based prices.\nMany competitors have continued to make improvements in efficiency, which may result in funding product development, gaining market share and improving earnings.\nThis market environment has resulted in intense pressures on pricing and other competitive factors, and we expect these pressures to continue or intensify in the coming years.\nWe are focused on improving our products and services and continuing our cost-reduction efforts, which enhances our ability to compete.\nWe are also focused on taking actions to ensure that Boeing is not harmed by unfair subsidization of competitors."}
{"_id": "d89a6eb44", "title": "", "text": "(1) These calculations assume that: (a) applicable margins remain constant; (b) all variable rate debt is priced at the one-month LIBOR rate in effect as of December 31, 2012; (c) no new hedging transactions are effected; (d) only mandatory debt repayments are made; and (e) no refinancing occurs at debt maturity.\n(2) Amount includes the payment for labor claims related to FIS' former item processing and remittance operations in Brazil (see Note 3 to the Consolidated Financial Statements) and amounts due to the Brazilian venture partner.\nFIS believes that its existing cash balances, cash flows from operations and borrowing programs will provide adequate sources of liquidity and capital resources to meet FIS’ expected short-term liquidity needs and its long-term needs for the operations of its business, expected capital spending for the next 12 months and the foreseeable future and the satisfaction of these obligations and commitments.\nOff-Balance Sheet Arrangements FIS does not have any off-balance sheet arrangements."}
{"_id": "d869bcef6", "title": "", "text": "All facilities are leased at December 31, 2016.\nAll other leased facilities with space of less than 25,000 square feet are not listed by location.\nIn addition to the significant facilities above, we also lease all 30 regional branches, ranging in space from approximately 2,500 to 8,000 square feet."}
{"_id": "d8b1ba9b0", "title": "", "text": "PNCs Tier 1 risk-based capital ratio was 9.7% at December 31, 2008 compared with 6.8% at December 31, 2007.\nThe increase in the ratio from December 31, 2007 included the issuance of Tier 1 eligible securities during the first half of 2008 totaling $1.3 billion, including REIT preferred, noncumulative perpetual preferred, and trust preferred securities.\nThe Perpetual Trust Securities and PNC Capital Trust E Trust Preferred Securities portions of the Off-Balance Sheet Arrangements and VIEs section of this Item 7 and Note 19 Shareholders Equity in Item 8 of this Report have additional information regarding these securities.\nIn addition, $7.6 billion of preferred stock and a common stock warrant was issued to the US Department of the Treasury under the TARP Capital Purchase Program on December 31, 2008.\nTier 1 risk-based capital further increased as a result of $5.6 billion of common stock issued in the National City acquisition and PNCs assumption of $2.6 billion of Tier 1 qualifying capital securities previously issued by National City.\nThese increases in capital were partially offset by the deduction of higher acquisition-related intangible assets.\nThe positive effect on the Tier 1 ratio of the net increase in capital was somewhat offset by an increase in riskweighted assets primarily related to acquisitions, including National City.\nThe leverage ratio at December 31, 2008 reflected the favorable impact on Tier 1 risk-based capital from the issuance of securities under TARP and the issuance of PNC common stock in connection with the National City acquisition, both of which occurred on December 31, 2008.\nIn addition, the ratio as of that date did not reflect any impact of National City on PNCs adjusted average total assets.\nPNCs tangible common equity ratio was 2.9% at December 31, 2008 compared with 4.7% at December 31, 2007.\nThe decrease in the ratio from the prior year was the result of the decline in the value of the securities available for sale portfolio and the value of assets in our pension plan.\nWe expect PNCs tangible common equity ratio to be less sensitive to the impact of widening credit spreads on accumulated other comprehensive loss going forward primarily due to the composition of the securities available for sale portfolio acquired from National City and a substantially higher level of common equity in the combined company.\nThe access to, and cost of, funding new business initiatives including acquisitions, the ability to engage in expanded business activities, the ability to pay dividends, the level of deposit insurance costs, and the level and nature of regulatory oversight depend, in part, on a financial institutions capital strength.\nAt December 31, 2008 and December 31, 2007, each of our domestic bank subsidiaries was considered well capitalized based on US regulatory capital ratio requirements.\nSee the Supervision And Regulation section of Item 1 of this Report and Note 23 Regulatory Matters in the Notes To Consolidated Financial Statements in Item 8 of this Report for additional information.\nWe believe our bank subsidiaries will continue to meet these requirements in 2009."}
{"_id": "d85e51f8a", "title": "", "text": "| Pension Plans Postretirement  MedicalPlan | 2013 | (In millions) | Service cost | Interest cost | Expected return on plan assets | Amortization of unrecognized net actuarial losses | Settlement loss | Curtailment loss | Special termination benefit recognized | Net periodic benefit cost |"}
{"_id": "d8f13f0ea", "title": "", "text": "| 2013 2012 2011 | Industrial | Office | Medical Office | Non-reportable Rental Operations segments | Total |"}
{"_id": "d87ee5562", "title": "", "text": "| Cash Instruments at Fair Value as of December 2014 | $ in millions | Assets | Commercial paper, certificates of deposit, time deposits and other money market instruments | U.S. government and federal agency obligations | Non-U.S. government and agency obligations | Loans and securities backed by commercial real estate | Loans and securities backed by residential real estate | Bank loans and bridge loans | Corporate debt securities | State and municipal obligations | Other debt obligations | Equities and convertible debentures | Commodities | Subtotal | Investments in funds measured at NAV | Total cash instrument assets | Liabilities | U.S. government and federal agency obligations | Non-U.S. government and agency obligations | Loans and securities backed by commercial real estate | Bank loans and bridge loans | Corporate debt securities | Other debt obligations | Equities and convertible debentures | Commodities | Total cash instrument liabilities |"}
{"_id": "d86052276", "title": "", "text": "| (Dollars in millions) 2001-1 2000 1999-2 Change 00-01 Adjusted Change 00-01-3 | Servicing fees | Management fees | Foreign exchange trading | Processing fees and other | Total fee revenue |"}
{"_id": "d896298e0", "title": "", "text": "Assets Supporting Experience-Rated Contractholder Liabilities For information regarding the composition of “Assets supporting experience-rated contractholder liabilities,” see Note 3 to the Consolidated Financial Statements."}
{"_id": "d8cf9f318", "title": "", "text": "From time to time, the Company is involved in legal and administrative proceedings and claims of various types.\nWhile any litigation contains an element of uncertainty, management, in consultation with the Company’s general counsel, presently believes that the outcome of each such other proceedings or claims which are pending or known to be threatened, or all of them combined, will not have a material adverse effect on the Company.7.\nStock Option and Purchase Plans All stock options granted by the Company under the below-described plans were granted at the fair value of the underlying common stock at the date of grant.\nOutstanding stock options, if not exercised, expire 10 years from the date of grant.\nThe 1992 Combination Stock Option Plan (the Combination Plan), as amended, was adopted in September 1992 as a combination and restatement of the Company’s then outstanding Incentive Stock Option Plan and Nonqualified Plan.\nA total of 2,670,859 options were awarded from the Combination Plan during its ten-year restatement term that ended on May 1, 2002.\nAs of March 31, 2003, 1,286,042 of these options remain outstanding and eligible for future exercise.\nThese options are held by Company employees and generally become exercisable ratably over five years.\nThe 1998 Equity Incentive Plan, (the Equity Incentive Plan), was adopted by the Company in August 1998.\nThe Equity Incentive Plan provides for grants of options to key employees, directors, advisors and consultants as either incentive stock options or nonqualified stock options as determined by the Company’s Board of Directors.\nA maximum of 1,000,000 shares of common stock may be awarded under this plan.\nOptions granted under the Equity Incentive Plan are exercisable at such times and subject to such terms as the Board of Directors may specify at the time of each stock option grant.\nOptions outstanding under the Equity Incentive Plan have vesting periods of 3 to 5 years from the date of grant.\nThe 2000 Stock Incentive Plan, (the 2000 Plan), was adopted by the Company in August 2000.\nThe 2000 Plan provides for grants of options to key employees, directors, advisors and consultants to the Company or its subsidiaries as either incentive or nonqualified stock options as determined by the Company’s Board of Directors.\nUp to 1,400,000 shares of common stock may be awarded under the 2000 Plan and are exercisable at such times and subject to such terms as the Board of Directors may specify at the time of each stock option grant.\nOptions outstanding under the 2000 Plan generally vested 4 years from the date of grant.\nThe Company has a nonqualified stock option plan for non-employee directors (the Directors’ Plan).\nThe Directors’ Plan, as amended, was adopted in July 1989 and provides for grants of options to purchase shares of the Company’s common stock to non-employee Directors of the Company.\nUp to 400,000 shares of common stock may be awarded under the Directors’ Plan.\nOptions outstanding under the Directors’ Plan have vesting periods of 1 to 5 years from the date of grant."}
{"_id": "d8bbb82c8", "title": "", "text": "Including the restricted stock, performance units and TSR units described above, the total fair value of share-based awards vested during the years ended May 31, 2016, 2015 and 2014 was $17.4 million, $15.0 million and $28.7 million, respectively.\nFor these share-based awards, we recognized compensation expense of $28.8 million, $19.8 million and $28.2 million in the years ended May 31, 2016, 2015 and 2014, respectively.\nAs of May 31, 2016, there was $42.6 million of unrecognized compensation expense related to unvested share-based awards that we expect to recognize over a weighted-average period of 1.9 years.\nOur share-based award plans provide for accelerated vesting under certain conditions.\nEmployee Stock Purchase Plan We have an employee stock purchase plan under which the sale of 4.8 million shares of our common stock has been authorized.\nEmployees may designate up to the lesser of $25,000 or 20% of their annual compensation for the purchase of our common stock.\nThe price for shares purchased under the plan is 85% of the market value on"}
{"_id": "d89337cc2", "title": "", "text": "Electric Peak Demand The electric peak demand in O&Rs service area occurs during the summer air conditioning season.\nO&Rs highest service area peak demand, which occurred in 2006, was 1,617 MW.\nThe 2013 service area peak demand, which occurred on July 18, 2013, was 1,561 MW.\nThe 2013 peak demand included an estimated 702 MW for O&Rs full-service customers and 859 MW for customers participating in its electric retail access program.\nThe NYISO invoked demand reduction programs on July 18, 2013, as it had on peak demand days in some previous years.\nDesign weather for the electric system is a standard to which the actual peak demand is adjusted for evaluation and planning purposes.\nSince the majority of demand reduction programs are invoked only in specific circumstances, design conditions do not include these programs potential impact.\nHowever, the O&R forecasted peak demand at design conditions does include the impact of permanent demand reduction programs.\nThe company estimates that, under design weather conditions, the 2014 service area peak demand will be 1,630 MW, including an estimated 701 MW for its full-service customers and 929 MW for its electric retail access customers.\nThe company forecasts average annual growth of the peak electric demand in the companys service area over the next five years at design conditions to be approximately 0.9 percent per year."}
{"_id": "d8823b2a2", "title": "", "text": "Other income (expense)  net was expense of $0.4 million in 2012 and $1.0 million in 2011.\nOther income (expense)  net primarily includes interest income and hedging and currency exchange rate transaction gains and losses.\nSee Note 16 to the Consolidated Financial Statements for information on other income (expense)  net.\nSnap-ons effective income tax rate on earnings attributable to Snap-on was 32.8% in 2012 and 33.0% in 2011.\nSee Note 8 to the Consolidated Financial Statements for further information on income taxes.\nNet earnings attributable to Snap-on in 2012 were $306.1 million or $5.20 per diluted share.\nNet earnings attributable to Snap-on in 2011 of $276.3 million, or $4.71 per diluted share, included an $11.1 million after-tax gain, or $0.19 per diluted share, from the arbitration settlement with CIT.\nExit and Disposal Activities Snap-on recorded costs of $16.5 million for exit and disposal activities in 2012 as compared to $12.2 million of such costs in 2011.\nSee Note 7 to the Consolidated Financial Statements for information on Snap-ons exit and disposal activities.\nSegment Results Snap-ons business segments are based on the organization structure used by management for making operating and investment decisions and for assessing performance.\nSnap-ons reportable business segments are: (i) the Commercial & Industrial Group; (ii) the Snap-on Tools Group; (iii) the Repair Systems & Information Group; and (iv) Financial Services.\nThe Commercial & Industrial Group consists of business operations serving a broad range of industrial and commercial customers worldwide, primarily through direct and distributor channels.\nThe Snap-on Tools Group consists of business operations primarily serving automotive service technicians through the companys worldwide mobile tool distribution channel.\nThe Repair Systems & Information Group consists of business operations serving other professional vehicle repair customers worldwide, primarily owners and managers of independent repair shops and original equipment manufacturer (OEM) dealership service and repair shops, through direct and distributor channels.\nFinancial Services consists of the business operations of Snap-ons finance subsidiaries.\nSnap-on evaluates the performance of its operating segments based on segment revenues, including both external and intersegment net sales, and segment operating earnings.\nSnap-on accounts for intersegment sales and transfers based primarily on standard costs with reasonable mark-ups established between the segments.\nIdentifiable assets by segment are those assets used in the respective reportable segments operations.\nCorporate assets consist of cash and cash equivalents (excluding cash held at Financial Services), deferred income taxes, pension assets and certain other assets.\nAll significant intersegment amounts are eliminated to arrive at Snap-ons consolidated financial results."}
{"_id": "d8e487a6e", "title": "", "text": "Stock Repurchases Our Board of Directors previously authorized stock repurchases of up to $1.0 billion of our outstanding Class A common stock through and including December 31, 2016.\nOn November 2, 2016, our Board of Directors extended this authorization such that we are currently authorized to repurchase up to $1.0 billion of our outstanding Class A common stock through and including December 31, 2017.\nAs of December 31, 2016, we may repurchase up to $1.0 billion of our Class A common stock under this program.\nDuring the years ended December 31, 2016, 2015 and 2014, there were no repurchases of our Class A common stock."}
{"_id": "d8b7a8d86", "title": "", "text": "VERTEX PHARMACEUTICALS INCORPORATED Notes to Consolidated Financial Statements (Continued) I.  Altus Investment (Continued) of the offering, held 450,000 shares of redeemable preferred stock, which are not convertible into common stock and which are redeemable for $10.00 per share plus annual dividends of $0.50 per share, which have been accruing since the redeemable preferred stock was issued in 1999, at Vertex’s option on or after December 31, 2010, or by Altus at any time.\nThe Company was restricted from trading Altus securities for a period of six months following the initial public offering.\nWhen the Altus securities trading restrictions expired, the Company sold the 817,749 shares of Altus common stock for approximately $11.7 million, resulting in a realized gain of approximately $7.7 million in August 2006.\nAdditionally when the restrictions expired, the Company began accounting for the Altus Warrants as derivative instruments under the Financial Accounting Standards Board Statement No.\nFAS 133, “Accounting for Derivative Instruments and Hedging Activities” (“FAS 133”).\nIn accordance with FAS 133, in the third quarter of 2006, the Company recorded the Altus Warrants on its consolidated balance sheet at a fair market value of $19.1 million and recorded an unrealized gain on the fair market value of the Altus Warrants of $4.3 million.\nIn the fourth quarter of 2006 the Company sold the Altus Warrants for approximately $18.3 million, resulting in a realized loss of $0.7 million.\nAs a result of the Company’s sales of Altus common stock and Altus Warrrants in 2006, the Company recorded a realized gain on a sale of investment of $11.2 million.\nIn accordance with the Company’s policy, as outlined in Note B, “Accounting Policies,” the Company assessed its investment in Altus, which it accounts for using the cost method, and determined that there had not been any adjustments to the fair values of that investment that would require the Company to write down the investment basis of the asset, in 2005 and 2006.\nThe Company’s cost basis carrying value in its outstanding equity and warrants of Altus was $18.9 million at December 31, 2005."}
{"_id": "d8152104a", "title": "", "text": "segment includes AWE and our share of earnings for our investment in ULA, which provides expendable launch services to the U. S.  Government.\nSpace Systems operating results included the following (in millions):"}
{"_id": "d893656b8", "title": "", "text": "| Successor Predecessor | YearEnded  December 31, 2010 | Automotive cost of sales | Automotive gross margin |"}
{"_id": "d80f0aa58", "title": "", "text": "| 2011 2010 2009 2008 | $9,074 |"}
{"_id": "d8a531946", "title": "", "text": "| As of February 28 | (In thousands) | Land | Land held for sale | Land held for development | Buildings | Capital leases | Leasehold improvements | Furniture, fixtures, and equipment | Construction in progress | Total property and equipment | Less accumulated depreciation and amortization | Property and equipment, net |"}
{"_id": "d8a0d6d10", "title": "", "text": "ANALOG DEVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) of global business, there are many transactions and calculations where the ultimate tax outcome is uncertain.\nSome of these uncertainties arise as a consequence of cost reimbursement arrangements among related entities.\nAlthough the Company believes its estimates are reasonable, no assurance can be given that the final tax outcome of these matters will not be different than that which is reflected in the historical income tax provisions and accruals.\nSuch differences could have a material impact on the Companys income tax provision and operating results in the period in which such determination is made.\nOn November 4, 2007 (the first day of its 2008 fiscal year), the Company adopted new accounting principles on accounting for uncertain tax positions.\nThese principles require companies to determine whether it is more likely than not that a tax position will be sustained upon examination by the appropriate taxing authorities before any benefit can be recorded in the financial statements.\nAn uncertain income tax position will not be recognized if it has less than a 50% likelihood of being sustained.\nThere were no changes to the Companys liabilities for uncertain tax positions as a result of the adoption of these provisions.\nAs of October 30, 2010 and October 31, 2009, the Company had a liability of $18.4 million and $18.2 million, respectively, for gross unrealized tax benefits, all of which, if settled in the Companys favor, would lower the Companys effective tax rate in the period recorded.\nIn addition, as of October 30, 2010 and October 31, 2009, the Company had a liability of approximately $9.8 million and $8.0 million, respectively, for interest and penalties.\nThe total liability as of October 30, 2010 and October 31, 2009 of $28.3 million and $26.2 million, respectively, for uncertain tax positions is classified as non-current, and is included in other non-current liabilities, because the Company believes that the ultimate payment or settlement of these liabilities will not occur within the next twelve months.\nPrior to the adoption of these provisions, these amounts were included in current income tax payable.\nThe Company includes interest and penalties related to unrecognized tax benefits within the provision for taxes in the condensed consolidated statements of income, and as a result, no change in classification was made upon adopting these provisions.\nThe condensed consolidated statements of income for fiscal years 2010, 2009 and 2008 include $1.8 million, $1.7 million and $1.3 million, respectively, of interest and penalties related to these uncertain tax positions.\nDue to the complexity associated with its tax uncertainties, the Company cannot make a reasonably reliable estimate as to the period in which it expects to settle the liabilities associated with these uncertain tax positions."}
{"_id": "d889ff092", "title": "", "text": "Employee Benefit Plans Stock-Based Compensation During 2016, EOG maintained various stock-based compensation plans as discussed below.\nEOG recognizes compensation expense on grants of stock options, SARs, restricted stock and restricted stock units, performance units and performance stock, and grants made under the EOG Resources, Inc.\nEmployee Stock Purchase Plan (ESPP).\nStock-based compensation expense is calculated based upon the grant date estimated fair value of the awards, net of forfeitures, based upon EOG's historical employee turnover rate.\nCompensation expense is amortized over the shorter of the vesting period or the period from date of grant until the date the employee becomes eligible to retire without company approval.\nWeighted average fair values and valuation assumptions used to value performance unit and performance stock grants during the years ended December 31, 2016, 2015 and 2014 were as follows:"}
{"_id": "d8c37cb30", "title": "", "text": "NOTE 15 NET UNREALIZED INVESTMENT GAINS Under SFAS No.115, Accounting for Certain Investments in Debt and Equity Securities (SFAS No.115), availablefor-sale securities are recorded at market value.\nUnrealized holding gains and losses, net of the related tax effect, on available-for-sale securities are excluded from earnings and are reported as a component of stockholders equity until realized.\nThe Companys investments subject to the provisions of SFAS No.115 are treated as available-forsale and, accordingly, the applicable investments have been adjusted to market value with a corresponding adjustment, net of tax, to net unrealized investment gains in accumulated other comprehensive income.\nIncluded in accumulated other comprehensive income was an unrealized investment gain (net of deferred taxes) of $0.5 million and $0.4 million at June 30, 2006 and 2005, respectively."}
{"_id": "d819b3216", "title": "", "text": "z Machinery, Energy & Transportation (ME&T) operating cash flow for 2018 was about $6.3 billion, more than sufficient to cover capital expenditures and dividends.\nME&T operating cash flow for 2017 was about $5.5 billion.\nRestructuring Costs In recent years, we have incurred substantial restructuring costs to achieve a flexible and competitive cost structure.\nDuring 2018, we incurred $386 million of restructuring costs related to restructuring actions across the company.\nDuring 2017, we incurred $1.256 billion of restructuring costs with about half related to the closure of the facility in Gosselies, Belgium, and the remainder related to other restructuring actions across the company.\nAlthough we expect restructuring to continue as part of ongoing business activities, restructuring costs should be lower in 2019 than 2018.\nNotes: z Glossary of terms included on pages 33-34; first occurrence of terms shown in bold italics.\nz Information on non-GAAP financial measures is included on pages 42-43.\nRecognition of finance revenue and rental revenue is suspended and the account is placed on non-accrual status when management determines that collection of future income is not probable (generally after 120 days past due).\nRecognition is resumed, and previously suspended income is recognized, when the account becomes current and collection of remaining amounts is considered probable.\nSee Note 7 for more information.\nRevenues are presented net of sales and other related taxes.3.\nStock-Based Compensation Our stock-based compensation plans primarily provide for the granting of stock options, stock-settled stock appreciation rights (SARs), restricted stock units (RSUs) and performance-based restricted stock units (PRSUs) to Officers and other key employees, as well as non-employee Directors.\nStock options permit a holder to buy Caterpillar stock at the stocks price when the option was granted.\nSARs permit a holder the right to receive the value in shares of the appreciation in Caterpillar stock that occurred from the date the right was granted up to the date of exercise.\nRSUs are agreements to issue shares of Caterpillar stock at the time of vesting.\nPRSUs are similar to RSUs and include performance conditions in the vesting terms of the award.\nOur long-standing practices and policies specify that all stockbased compensation awards are approved by the Compensation Committee (the Committee) of the Board of Directors.\nThe award approval process specifies the grant date, value and terms of the award.\nThe same terms and conditions are consistently applied to all employee grants, including Officers.\nThe Committee approves all individual Officer grants.\nThe number of stock-based compensation award units included in an individuals award is determined based on the methodology approved by the Committee.\nThe exercise price methodology?approved by the Committee is the closing price of the Company stock on the date of the grant.\nIn June of 2014, shareholders approved the Caterpillar Inc.  2014 Long-Term Incentive Plan (the Plan) under which all new stock-based compensation awards are granted.\nIn June of 2017, the Plan was amended and restated.\nThe Plan initially provided that up to 38,800,000 Common Shares would be reserved for future issuance under the Plan, subject to adjustment in certain events.\nSubsequent to the shareholder approval of the amendment and restatement of the Plan, an additional 36,000,000 Common Shares became available for all awards under the Plan.\nCommon stock issued from Treasury stock under the plans totaled 5,590,641 for 2018, 11,139,748 for 2017 and 4,164,134 for 2016.\nThe total number of shares authorized for equity awards under the amended and restated Caterpillar Inc.  2014 Long-Term Incentive Plan is 74,800,000, of which 44,139,162 shares remained available for issuance as of December?31,?2018.\nStock option and RSU awards generally vest according to a threeyear graded vesting schedule.\nOne-third of the award will become vested on the first anniversary of the grant date, one-third of the award will become vested on the second anniversary of the grant date and one-third of the award will become vested on the third anniversary of the grant date.\nPRSU awards generally have a threeyear performance period and cliff vest at the end of the period based upon achievement of performance targets established at the time of grant.\nUpon separation from service, if the participant is 55 years of age or older with more than five years of service, the participant meets the criteria for a Long Service Separation.\n Award terms for awards granted in 2016 allow for immediate vesting upon separation of all outstanding options and RSUs with no requisite service period for employees who meet the criteria for a Long Service Separation.\n Compensation expense for the 2016 grant was fully recognized immediately on the grant date for these employees.\nAward terms for the 2018 and 2017 grants allow for continued vesting as of each vesting date specified in the award document for employees who meet the criteria for a Long Service Separation and fulfill a requisite service period of six months.\nCompensation expense for eligible employees for the 2018 and 2017 grants was recognized over the period from the grant date to the end date of the six-month requisite service period.\nFor employees who become eligible for a Long Service Separation subsequent to the end date of the six-month requisite service period and prior to the completion of the vesting period, compensation expense is recognized over the period from the grant date to the date eligibility is achieved.\nAt grant, SARs and option awards have a term life of ten years.\nFor awards granted prior to 2016, if the Long Service Separation criteria are met, the vested options/SARs have a life that is the lesser of ten years from the original grant date or five years from the separation date.\nFor awards granted in 2018, 2017, and 2016, the vested options have a life equal to ten years from the original grant date.\nPrior to 2017, all outstanding PRSU awards granted to employees eligible for a Long Service Separation may vest at the end of the performance period based upon achievement of the performance target.\nCompensation expense for the 2016 PRSU grant was fully recognized immediately on the grant date for these employees.\nFor PRSU awards granted in 2018 and 2017, only a prorated number of shares may vest at the end of the performance period based upon achievement of the performance target, with the proration based upon the number of months of continuous employment during the three-year performance period.\nEmployees with a Long Service Separation must also fulfill a six-month requisite service period in order to be eligible for the prorated vesting of outstanding PRSU awards granted in 2018 and 2017.\nCompensation expense for the 2018 and 2017 PRSU grants is being recognized on a straight-line basis over the three-year performance period for all participants.\nAccounting guidance on share-based payments requires companies to estimate the fair value of options/SARs on the date of grant using an option-pricing model.\nThe fair value of our option/SAR grants was estimated using a lattice-based option-pricing model.\nThe latticebased option-pricing model considers a range of assumptions related to volatility, risk-free interest rate and historical employee behavior.\nExpected volatility was based on historical Caterpillar stock price movement and current implied volatilities from traded options on Caterpillar stock.\nThe risk-free interest rate was based on U. S.  Treasury security yields at the time of grant.\nThe weighted-average dividend yield was based on historical information.\nThe expected life was determined from the lattice-based model.\nThe latticebased model incorporated exercise and post vesting forfeiture assumptions based on analysis of historical data.\nThe following table provides the assumptions used in determining the fair value of the Option/SAR awards for the years ended December?31, 2018, 2017 and 2016, respectively."}
{"_id": "d8bfc299a", "title": "", "text": "| Entergy Arkansas Entergy Louisiana Entergy Mississippi Entergy New Orleans Entergy Texas System Energy | (In Thousands) | 2016: | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | 2015: | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d8f9216b4", "title": "", "text": "The expected term is generally derived from Company experience.\nHowever, expected terms are determined based on the simplified method as permitted under the ASC 718 Stock Compensation topic when company experience is insufficient.\nThe Torchmark Corporation 2011 Incentive Plan replaced all previous plans and allows for option grants for employees with a ten-year contractual term which vest over five years in addition to seven-year grants which vest over three years as permitted by the previous plans.\nDirector grants vest over six months.\nThe Company has sufficient experience with seven-year grants that vest in three years, but insufficient historical experience with five-year vesting.\nTherefore, Torchmark has used the simplified method to determine the expected term for the ten-year grants with fiveyear vesting and will do so until adequate experience is developed.\nVolatility and risk-free interest rates are assumed over a period of time consistent with the expected term of the option.\nVolatility is measured on a historical basis.\nMonthly data points are utilized to derive volatility for periods greater than three years.\nExpected dividend yield is based on current dividend yield held constant over the expected term.\nOnce the fair value of an option has been determined, it is amortized on a straight-line basis over the employees service period for that grant (from the grant date to the date the grant is fully vested).\nExpenses for restricted stock and restricted stock units are based on the grant date fair value allocated on a straight-line basis over the service period.\nPerformance share expense is recognized based on managements estimate of the probability of meeting the metrics identified in the performance share award agreement, assigned to each service period as these estimates develop.\nTorchmark management views all stock-based compensation expense as a corporate or Parent Company expense and, therefore, presents it as such in its segment analysis (See Note 14Business Segments).\nIt is included in Other operating expense in the Consolidated Statements of Operations."}
{"_id": "d899fdc32", "title": "", "text": "Alternative Sources of Liquidity In addition to the sources of liquidity discussed above, and asset-based financing as discussed below, Prudential Financial and certain subsidiaries have access to other sources of liquidity, including membership in the Federal Home Loan Banks, commercial paper programs, and a put option agreement.\nThe Company also maintains syndicated, unsecured committed credit facilities as an alternative source of liquidity.\nIn September 2016, PHJ, a wholly-owned subsidiary of Prudential Financial, entered into a ￥100 billion three-year syndicated, unsecured committed credit facility.\nSee Note 14 to our Consolidated Financial Statements for more information on these sources of liquidity."}
{"_id": "d8b13a472", "title": "", "text": "The Company recorded equity earnings, net of taxes, related to Ilim of $290 million in 2018, compared with earnings of $183 million in 2017, and $199 million in 2016.\nOperating results recorded in 2018 included an after-tax non-cash foreign exchange loss of $82 million, compared with an after-tax foreign exchange gain of $15 million in 2017 and an after-tax foreign exchange gain of $25 million in 2016, primarily on the remeasurement of Ilim's U. S.  dollar denominated net debt.\nIlim delivered outstanding performance in 2018, driven largely by higher price realization and strong demand.\nSales volumes for the joint venture increased year over year for shipments to China of softwood pulp and linerboard, but were offset by decreased sales of hardwood pulp to China.\nSales volumes in the Russian market increased for softwood pulp and hardwood pulp, but decreased for linerboard.\nAverage sales price realizations were significantly higher in 2018 for sales of softwood pulp, hardwood pulp and linerboard to China and other export markets.\nAverage sales price realizations in Russian markets increased year over year for all products.\nInput costs were higher in 2018, primarily for wood, fuel and chemicals.\nDistribution costs were negatively impacted by tariffs and inflation.\nThe Company received cash dividends from the joint venture of $128 million in 2018, $133 million in 2017 and $58 million in 2016.\nEntering the first quarter of 2019, sales volumes are expected to be lower than in the fourth quarter of 2018, due to the seasonal slowdown in China and fewer trading days.\nBased on pricing to date in the current quarter, average sales prices are expected to decrease for hardwood pulp, softwood pulp and linerboard to China.\nInput costs are projected to be relatively flat, while distribution costs are expected to increase."}
{"_id": "d8714501a", "title": "", "text": "| Declaration Date Record Date Payment Date Dividend per Share | January 16, 2009 | October 6, 2008 | July 23, 2008 | April 23, 2008 | January 23, 2008 |"}
{"_id": "d8a6c7b70", "title": "", "text": "| Accumulated Other Comprehensive Income (Loss) | Foreign Currency Translation Adjustments | (in millions) | Balance, December 31, 2004 | Change in component during year | Balance, December 31, 2005 | Change in component during year | Impact of adoption of SFAS No. 158-2 | Balance, December 31, 2006 | Change in component during year | Balance, December 31, 2007 |"}
{"_id": "d8bf3a48c", "title": "", "text": "| 2004 2003 2002 | Net income available for common shares | Add back (deduct): | Depreciation and amortization | Share of adjustments for unconsolidated companies | Earnings from depreciated property sales | Minority interest share of add-backs | Funds From Operations |"}
{"_id": "d818cb3a8", "title": "", "text": "Notes to Consolidated Financial Statements Note 11.\nIncome Taxes – (Continued) The federal income tax return for 2006 is subject to examination by the IRS.\nIn addition for 2007 and 2008, the IRS has invited the Company to participate in the Compliance Assurance Process (“CAP”), which is a voluntary program for a limited number of large corporations.\nUnder CAP, the IRS conducts a real-time audit and works contemporaneously with the Company to resolve any issues prior to the filing of the tax return.\nThe Company has agreed to participate.\nThe Company believes this approach should reduce tax-related uncertainties, if any.\nThe Company and/or its subsidiaries also file income tax returns in various state, local and foreign jurisdictions.\nThese returns, with few exceptions, are no longer subject to examination by the various taxing authorities before 2000.\nAs discussed in Note 1, the Company adopted the provisions of FIN No.48, “Accounting for Uncertainty in Income Taxes,” on January 1, 2007.\nAs a result of the implementation of FIN No.48, the Company recognized a decrease to beginning retained earnings on January 1, 2007 of $37 million.\nThe total amount of unrecognized tax benefits as of the date of adoption was approximately $70 million.\nIncluded in the balance at January 1, 2007, were $51 million of tax positions that if recognized would affect the effective tax rate.\nA reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:"}
{"_id": "d8e98cd66", "title": "", "text": "(1) Primarily includes Property and Casualty Insurance, Prudential Securities Capital Markets and exchange shares previously held by Prudential Equity Group.\nFinancial Advisory In 2008, we classified our Financial Advisory business as a divested business, reflecting our intention to exit this business.\nThis business consists of our former investment in the Wachovia Securities joint venture, in addition to expenses relating to obligations and costs we retained in connection with the businesses we contributed to the joint venture, primarily for litigation and regulatory matters.\nOn December 31, 2009, we completed the sale of our minority joint venture interest in Wachovia Securities, which includes Wells Fargo Advisors, to Wells Fargo.\nAt the closing, we received $4.5 billion in cash as the purchase price of our joint venture interest and de-recognized the carrying value related to our investment in the joint venture.\nResults for 2009 include the associated pre-tax gain on the sale of $2.247 billion, which is reflected in Equity in earnings of operating joint ventures, net of taxes in our Consolidated Statements of Operations.\nResults for 2009 also include certain one-time costs related to the sale of the joint venture interest of $104 million, for pre-tax compensation costs and costs related to increased contributions to our charitable foundation.\nFor more information on our former investment in the Wachovia Securities joint venture, including the lookback option, see Note 7 to the Consolidated Financial Statements, as well as Liquidity and Capital ResourcesLiquidity and Capital Resources of SubsidiariesDomestic Insurance Subsidiaries Prudential Securities Group.\n On August 15, 2008, Wachovia announced that it had reached an agreement in principle for a global settlement of investigations concerning the underwriting, sale and subsequent auction of certain auction rate securities by subsidiaries of Wachovia Securities and had recorded an increase to legal reserves.\nOur recorded share of pre-tax earnings from the joint venture for the year ended December 31, 2008 included $355 million related to the impact of this item on our share of the equity earnings of the joint venture."}
{"_id": "d8d42a6e4", "title": "", "text": "| Year Ended December | $ in millions | Compensation and benefits | Brokerage, clearing, exchange anddistribution fees | Market development | Communications and technology | Depreciation and amortization | Occupancy | Professional fees | Insurance reserves1 | Other expenses2 | Total non-compensation expenses | Total operating expenses | Total staff at period-end |"}
{"_id": "d8e3618c4", "title": "", "text": "The significant unobservable inputs used in amounts reported above are discounted future cash flows of the projects.\nWe use present value techniques based on discounting the estimated cash flows using a rate commensurate with the inherent risk associated with the assets and related estimated cash flow streams.\nDiscount rates applied to the estimated future cash flows of our homebuilding assets for 2010 ranged from 15 percent to 18 percent.\nDiscount rates applied to the estimated future cash flows of our homebuilding assets for 2009 ranged from 12 percent to 25 percent.\nDuring 2008, we recognized $69 million of charges for the impairment of interest that previously was capitalized on Real Estate assets.\nWrite-off of Pre-Acquisition Costs and Abandoned Community Costs In addition to owning land and residential lots, we also have option agreements to purchase land and lots at a future date.\nAs of December 31, 2010, we have option agreements on approximately 63,000 residential lots.\nWhen the economics of a project no longer support acquisition of the land or lots under option, we may elect not to move forward with the acquisition.\nOption deposits and capitalized engineering and related costs associated with the assets under option may be forfeited at that time.\nCharges for such forfeitures are reported as write-off of pre-acquisition costs.\nAlso included in 2009 are charges for abandoned community costs, which include the write-off of unamortized costs related to projects that have been closed prior to full build-out or related to model complex costs written off due to decisions to sell active communities in their current condition or to change home styles offered within a community.\nGoodwill Our impairments of goodwill were primarily related to the following: ?2009 — the goodwill associated with the hardwoods and industrial wood products reporting unit.\n?2008 — as a result of the collapse of financial markets in fourth quarter 2008, accompanied by accelerated deterioration of housing markets and declining demand for pulp products in emerging Asian markets, the estimated fair value of certain of our reporting units fell below the carrying value of those units.\nThis triggered the goodwill impairments in our Wood Products segment of $744 million and $94 million in our Cellulose Fibers segment during fourth quarter.\nImpairments of Investments and Other Related Charges Impairments of investments and other related charges relate to loans and investments in unconsolidated entities.\nNOTE 20: OTHER OPERATING COSTS (INCOME), NET These costs (income): ?include both recurring and occasional income and expense items and ?fluctuate from year to year."}
{"_id": "d8806fce8", "title": "", "text": "| (in millions) 2011 2012 2013 2014 2015 Thereafter Total | Term loan | Senior notes | $500 |"}
{"_id": "d8df5ff96", "title": "", "text": "| 2014 2013 2012 | Impairment of property carrying values * -1(2)(3) | Investments in other real estate investments* -4 | Marketable securities and other investments* -5 | Total Impairment charges included in operating expenses | Cumulative foreign currency translation loss included in discontinued operations -6 | Impairment of property carrying values included in discontinued operations ** | Total gross impairment charges | Noncontrolling interests | Income tax benefit included in discontinued operations | Income tax benefit | Total net impairment charges |"}
{"_id": "d8dfaeeac", "title": "", "text": "We enter into foreign currency forward contracts with major financial institutions with investment grade credit ratings and are exposed to credit losses in the event of non-performance by these financial institutions.\nThis credit risk is generally limited to the unrealized gains in the foreign currency forward contracts.\nHowever, we monitor the credit quality of these financial institutions and consider the risk of counterparty default to be minimal.\nAlthough we have entered into foreign currency forward contracts to minimize some of the impact of foreign currency exchange rate fluctuations on future cash flows, we cannot be assured that foreign currency exchange rate fluctuations will not have a material adverse impact on our financial condition and results of operations.\nInflation Inflationary factors such as increases in the cost of our product and overhead costs may adversely affect our operating results.\nAlthough we do not believe that inflation has had a material impact on our financial position or results of operations to date, a high rate of inflation in the future may have an adverse effect on our ability to maintain current levels of gross margin and selling, general and administrative expenses as a percentage of net revenues if the selling prices of our products do not increase with these increased costs."}
{"_id": "d8f4d54a2", "title": "", "text": "| December 31 | 2015 | (In thousands) | Commitments to extend credit | Home equity lines of credit | Commercial real estate loans to be sold | Other commercial real estate | Residential real estate loans to be sold | Other residential real estate | Commercial and other | Standby letters of credit | Commercial letters of credit | Financial guarantees and indemnification contracts | Commitments to sell real estate loans |"}
{"_id": "d8953df44", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements Allowance for Losses on Loans and Lending Commitments The firm’s allowance for loan losses is comprised of specific loan-level reserves, portfolio level reserves, and reserves on PCI loans as described below: ‰ Specific loan-level reserves are determined on loans (excluding PCI loans) that exhibit credit quality weakness and are therefore individually evaluated for impairment.\n‰ Portfolio level reserves are determined on loans (excluding PCI loans) not deemed impaired by aggregating groups of loans with similar risk characteristics and estimating the probable loss inherent in the portfolio.\n‰ Reserves on PCI loans are recorded when it is determined that the expected cash flows, which are reassessed on a quarterly basis, will be lower than those used to establish the current effective yield for such loans or pools of loans.\nIf the expected cash flows are determined to be significantly higher than those used to establish the current effective yield, such increases are initially recognized as a reduction to any previously recorded allowances for loan losses and any remaining increases are recognized as interest income prospectively over the life of the loan or pools of loans as an increase to the effective yield.\nThe allowance for loan losses is determined using various inputs, including industry default and loss data, current macroeconomic indicators, borrower’s capacity to meet its financial obligations, borrower’s country of risk, loan seniority and collateral type.\nManagement’s estimate of loan losses entails judgment about loan collectability at the reporting dates, and there are uncertainties inherent in those judgments.\nWhile management uses the best information available to determine this estimate, future adjustments to the allowance may be necessary based on, among other things, changes in the economic environment or variances between actual results and the original assumptions used.\nLoans are charged off against the allowance for loan losses when deemed to be uncollectible.\nAs of December 2016 and December 2015, substantially all of the firm’s loans receivable were evaluated for impairment at the portfolio level.\nThe firm also records an allowance for losses on lending commitments that are held for investment and accounted for on an accrual basis.\nSuch allowance is determined using the same methodology as the allowance for loan losses, while also taking into consideration the probability of drawdowns or funding, and is included in “Other liabilities and accrued expenses.\n” As of December 2016 and December 2015, substantially all of such lending commitments were evaluated for impairment at the portfolio level."}
{"_id": "d8bbd02e2", "title": "", "text": "| Operating Leases | 2011 | 2012 | 2013 | 2014 | 2015 | Thereafter | Total future minimum lease payments |"}
{"_id": "d81559512", "title": "", "text": "| (In millions) 2008 2007 2006 | Sales and transfers of oil and gas produced, net of production, transportation and administrative costs | Net changes in prices and production, transportation and administrative costs related to future production | Extensions, discoveries and improved recovery, less related costs | Development costs incurred during the period | Changes in estimated future development costs | Revisions of previous quantity estimates | Net changes in purchases and sales of minerals in place | Accretion of discount | Net change in income taxes | Timing and other | Net change for the year | Beginning of the year | End of year | Net change for the year from discontinued operations |"}
{"_id": "d87357542", "title": "", "text": "| Interest Rates | Weighted | Range | (In millions) | Senior notes | Repurchase agreements | Surplus notes | Fixed rate notes | Other notes with varying interest rates | Capital lease obligations | Total long-term debt | Total short-term debt | Total |"}
{"_id": "d88dbe62e", "title": "", "text": "M&T BANK CORPORATION AND SUBSIDIARIES Notes to Financial Statements  (Continued) Other commitments and contingencies As described in note 20, in the normal course of business, various commitments and contingent liabilities are outstanding, such as loan commitments, credit guarantees and letters of credit.\nThe Companys pricing of such financial instruments is based largely on credit quality and relationship, probability of funding and other requirements.\nLoan commitments often have fixed expiration dates and contain termination and other clauses which provide for relief from funding in the event of significant deterioration in the credit quality of the customer.\nThe rates and terms of the Companys loan commitments, credit guarantees and letters of credit are competitive with other financial institutions operating in markets served by the Company.\nThe Company believes that the carrying amounts, which are included in other liabilities, are reasonable estimates of the fair value of these financial instruments.\nThe Company does not believe that the estimated information presented herein is representative of the earnings power or value of the Company.\nThe preceding analysis, which is inherently limited in depicting fair value, also does not consider any value associated with existing customer relationships nor the ability of the Company to create value through loan origination, deposit gathering or fee generating activities.\nMany of the estimates presented herein are based upon the use of highly subjective information and assumptions and, accordingly, the results may not be precise.\nManagement believes that fair value estimates may not be comparable between financial institutions due to the wide range of permitted valuation techniques and numerous estimates which must be made.\nFurthermore, because the disclosed fair value amounts were estimated as of the balance sheet date, the amounts actually realized or paid upon maturity or settlement of the various financial instruments could be significantly different.20.\nCommitments and contingencies In the normal course of business, various commitments and contingent liabilities are outstanding.\nThe following table presents the Companys significant commitments.\nCertain of these commitments are not included in the Companys consolidated balance sheet."}
{"_id": "d8da9f9a2", "title": "", "text": "| Amount (In Millions) | Plant (including nuclear fuel) | Decommissioning trust funds | Other assets | Total assets acquired | Purchased power agreement (below market) | Decommissioning liability | Other liabilities | Total liabilities assumed | Net assets acquired |"}
{"_id": "d87a7e294", "title": "", "text": "In connection with our assessment of impairment we recorded gross other-than-temporary impairment of $1.15 billion for 2009, compared to $122 million for 2008.\nOf the total recorded, $227 million related to credit and was recognized in our consolidated statement of income.\nThe remaining $928 million related to factors other than credit, more fully discussed below, and was recognized, net of related taxes, in OCI in our consolidated statement of condition.\nThe $227 million was composed of $151 million associated with expected credit losses, $54 million related to managements decision to sell the impaired securities prior to their recovery in value, and $22 million related to adverse changes in the timing of expected future cash flows from the securities.\nThe majority of the impairment losses related to non-agency securities collateralized by mortgages, for which management concluded had experienced credit losses based on the present value of the securities expected future cash flows.\nThese securities are classified as asset-backed securities in the foregoing investment securities tables.\nAs described in note 1, management periodically reviews the fair values of investment securities to determine if other-than-temporary impairment has occurred.\nThis review encompasses all investment securities and includes such quantitative factors as current and expected future interest rates and the length of time that a securitys cost basis has exceeded its fair value, and includes investment securities for which we have issuerspecific concerns regardless of quantitative factors.\nGains and losses related to investment securities were as follows for the years ended December 31:"}
{"_id": "d88e1c530", "title": "", "text": "ITEM 8.\nFINANCIAL STATEMENTS AND SUPPLEMENTARY DATA See Item 15(a).\nITEM 9.\nCHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE\nrealizable.\nWhile we have considered future taxable income in assessing the need for a valuation allowance, we could in the future be required to increase the valuation allowance to take into account additional deferred tax assets that we may be unable to realize.\nAn increase in the valuation allowance would have an adverse impact, which could be material, on our income tax provision and net income in the period in which we record the increase.\nWe recognize and measure benefits for uncertain tax positions using a two-step approach.\nThe first step is to evaluate the tax position taken or expected to be taken in a tax return by determining if the weight of available evidence indicates that it is more likely than not that the tax position will be sustained upon audit, including resolution of any related appeals or litigation processes.\nFor tax positions that are more likely than not of being sustained upon audit, the second step is to measure the tax benefit as the largest amount that is more than 50% likely of being realized upon settlement.\nSignificant judgment is required to evaluate uncertain tax positions.\nWe evaluate our uncertain tax positions on a quarterly basis.\nOur evaluations are based upon a number of factors, including changes in facts or circumstances, changes in tax law, correspondence with tax authorities during the course of audits and effective settlement of audit issues.\nChanges in the recognition or measurement of uncertain tax positions could result in material increases or decreases in our income tax expense in the period in which we make the change, which could have a material impact on our effective tax rate and operating results."}
{"_id": "d8c279896", "title": "", "text": "| (millions) Global Industrial Global Institutional Global Energy Other Total | December 31, 2015 | Segment change (a) | December 31, 2015 revised | Current year business combinations (b) | Prior year business combinations (c) | Reclassifications (d) | Effect of foreign currency translation | December 31, 2016 | Current year business combinations (b) | Prior year business combinations (c) | Dispositions | Effect of foreign currency translation | December 31, 2017 |"}
{"_id": "d810cc71a", "title": "", "text": "| 2013 2012 | (In Millions) | Entergy Arkansas | Entergy Gulf States Louisiana (a) | Entergy Louisiana (a) | Entergy Mississippi | Entergy New Orleans (a) | Entergy Texas |"}
{"_id": "d8875fe9a", "title": "", "text": "We have commitments under various operating leases.\nFuture minimum payments under non-cancelable operating leases with a remaining term in excess of one year were as follows as of December 31, 2010:"}
{"_id": "d88f1e636", "title": "", "text": "Performance Stock Units and Restricted Stock Units Under the long-term portion of the Incentive Plan, each February the Company grants selected executives and other key employees performance stock units whose vesting is contingent upon the achievement of certain performance objectives.\nIf at the end of the applicable three-year performance cycle targets for financial measures are met, the full number of shares is awarded to the participants.\nThe performance scores for 2005 grants of performance stock units can range from 0% to 250% of the targeted amounts.\nRestricted stock units were awarded in 2005, 2004 and 2003 under the long-term portion of the Incentive Plan to certain executive officers and other key employees.\nRestricted stock units were also awarded quarterly to non-employee directors of the Company as part of the Directors’ Compensation Plan.\nThe compensation amount charged against income for performance and restricted stock units was $19.9 million, $21.0 million and $6.9 million for 2005, 2004 and 2003, respectively.\nThe compensation cost associated with the performance stock units is recognized ratably over the three-year term based on the year-end market value of the stock, except for the 2003 grants.\nAn additional three-year vesting term was imposed for the 2003 grants with accelerated vesting for retirement, disability or death.\nThe compensation cost for the 2003 grants is being recognized over a period from three to six years based on grant date fair value.\nThe compensation cost associated with employee restricted stock units is recognized over a specified restriction period based on the year-end market value of the stock.\nUpon adoption of SFAS No.123R in the fourth quarter of 2005, the Company elected to begin recognizing expense for employee restricted stock units granted after 2004 based on the straight-line method for the entire award.\nThe straight-line method for each separately vesting portion of the award had been used for prior grants.\nThe impact of the change was not material.\nThe compensation cost associated with non-employee director restricted stock units is recognized at the grant date.\nPerformance stock units and restricted stock units granted for potential future distribution were as follows:"}
{"_id": "d8ed62454", "title": "", "text": "(1) Includes small business commercial – domestic charge offs of $911 million and $409 million in 2007 and 2006.\nSmall business commercial – domestic charge offs were not material in 2005, 2004 and 2003.\n(2) Includes small business commercial – domestic recoveries of $42 million and $48 million in 2007 and 2006.\nSmall business commercial – domestic recoveries were not material in 2005, 2004 and 2003.\n(3) Ratios do not include loans measured at fair value in accordance with SFAS 159 at and for the year ended December 31, 2007.\nLoans measured at fair value were $4.59 billion at December 31, 2007.\n(4) In 2007, the impact of SOP 03-3 decreased net charge-offs by $75 million.\nExcluding the impact of SOP 03-3, net charge-offs as a percentage of average loans and leases outstanding measured at historical cost in 2007 would have been 0.85 percent and the ratio of the allowance for loan and lease losses to net charge-offs would have been 1.77 percent at December 31, 2007.\n(5) In 2006, the impact of SOP 03-3 decreased net charge-offs by $288 million.\nExcluding the impact of SOP 03-3, net charge-offs as a percentage of average loans and leases outstanding measured at historical cost in 2006 would have been 0.74 percent, and the ratio of the allowance for loan and lease losses to net charge-offs would have been 1.87 percent at December 31, 2006."}
{"_id": "d8e91eb7c", "title": "", "text": "| Technology CECONY O&R | Total MW, except project number | Internal-combustion engines | Photovoltaic solar | Gas turbines | Micro turbines | Fuel cells | Steam turbines | Total distribution-level distributed generation | Number of distributed generation projects |"}
{"_id": "d8ed8993c", "title": "", "text": "| (In thousands) Amount | Cash | Fair value of assumed vested stock options | Acquisition-related transaction costs | Total purchase price | (In thousands) | Cash and cash equivalents | Accounts receivable | Property and equipment, net | Goodwill | Intangible assets | Other current and noncurrent assets | Deferred income taxes | Accounts payable | Accrued compensation | Deferred revenue | Other current and long-term liabilities | Total preliminary purchase price allocation |"}
{"_id": "d889e4d5a", "title": "", "text": "(1) This amount represents the translation of pounds sterling into U. S.  dollars using the noon buying rate on December 31, 2008 of $1.4619 as announced by the Federal Reserve Bank of New York.\nincome to amounts needed to service the principal and interest due under the loan.\nGenerally, the lower the debt service coverage ratio, the higher the risk of experiencing a credit loss.\nFor our commercial mortgage loans, our average loan-to-value ratio was 52% and 55% at December 31, 2014 and 2013, respectively, and our average debt service coverage ratio was 2.6x and 2.4x at December 31, 2014 and 2013, respectively.\nThe commercial mortgage loan debt service coverage ratio and loan-to-value ratio, as well as the values utilized in calculating these ratios, are updated annually, on a rolling basis, with a portion of the commercial mortgage loan portfolio updated each quarter.\nFor our agricultural mortgage loans, our average loan-to-value ratio was 44% and 45% at December 31, 2014 and 2013, respectively.\nThe values utilized in calculating the agricultural mortgage loan loan-to-value ratio are developed in connection with the ongoing review of the agricultural loan portfolio and are routinely updated.\nMortgage Loan Valuation Allowances.\nOur valuation allowances are established both on a loan specific basis for those loans considered impaired where a property specific or market specific risk has been identified that could likely result in a future loss, as well as for pools of loans with similar risk characteristics where a property specific or market specific risk has not been identified, but for which we expect to incur a loss.\nAccordingly, a valuation allowance is provided to absorb these estimated probable credit losses.\nThe determination of the amount of valuation allowances is based upon our periodic evaluation and assessment of known and inherent risks associated with our loan portfolios.\nSuch evaluations and assessments are based upon several factors, including our experience for loan losses, defaults and loss severity, and loss expectations for loans with similar risk characteristics.\nThese evaluations and assessments are revised as conditions change and new information becomes available, which can cause the valuation allowances to increase or decrease over time as such evaluations are revised.\nNegative credit migration, including an actual or expected increase in the level of problem loans, will result in an increase in the valuation allowance.\nPositive credit migration, including an actual or expected decrease in the level of problem loans, will result in a decrease in the valuation allowance.\nSee Notes 1, 8 and 10 of the Notes to the Consolidated Financial Statements for information about how valuation allowances are established and monitored, activity in and balances of the valuation allowance, and the estimated fair value of impaired mortgage loans and related impairments included within net investment gains (losses) as of and for the years ended December 31, 2014, 2013 and 2012.\nReal Estate and Real Estate Joint Ventures We diversify our real estate investments by both geographic region and property type to reduce risk of concentration.\nOf our real estate investments, 84% were located in the United States, with the remaining 16% located outside the United States, at December 31, 2014.\nThe carrying value of our real estate investments located in California, Japan and Florida were 19%, 13% and 9%, respectively, of total real estate investments at December 31, 2014.\nReal estate investments by type consisted of the following at:"}
{"_id": "d89c1ccf2", "title": "", "text": "| Years Ended December 31, 2010/2009 2009/2008 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8bd740a8", "title": "", "text": "| Year Ended December 31, $ Change | 2017 | Segment operating income (loss): | Oilfield Services | Oilfield Equipment | Turbomachinery & Process Solutions | Digital Solutions | Total segment operating income (loss) | Corporate | Inventory impairment and related charges-1 | Restructuring, impairment and other | Goodwill impairment | Merger and related costs | Operating income (loss) | Other non operating income, net | Interest expense, net | Income (loss) before income taxes and equity in loss of affiliate | Equity in loss of affiliate | Provision for income taxes | Net income (loss) |"}
{"_id": "d85e7965c", "title": "", "text": "| Year Ended   December 30,   2007 Year Ended December 31, 2006 | Revenue | Net income (loss) | Net income (loss) per share, basic | Net income (loss) per share, diluted |"}
{"_id": "d8f05837a", "title": "", "text": "| Year Ended September 30, | (In millions) | Net sales | Segment income |"}
{"_id": "d8c3dd5b6", "title": "", "text": "| ($ in millions) 2010 2009 2008 | Metal beverage packaging, Americas & Asia | Metal beverage packaging, Europe | Metal food & household products packaging, Americas | Corporate other costs | $11.0 |"}
{"_id": "d82bd9f08", "title": "", "text": "Note 3 – Acquisition and Divestitures Consolidation of AWE Management Limited On August 24, 2016, we increased our ownership interest in the AWE joint venture, which operates the United Kingdom’s nuclear deterrent program, from 33% to 51%.\nConsequently, we began consolidating AWE and our operating results include 100% of AWE’s sales and 51% of its operating profit.\nPrior to increasing our ownership interest, we accounted for our investment in AWE using the equity method of accounting.\nUnder the equity method, we recognized only 33% of AWE’s earnings or losses and no sales.\nAccordingly, prior to August 24, 2016, the date we obtained control, we recorded 33% of AWE’s net earnings in our operating results and subsequent to August 24, 2016, we recognized 100% of AWE’s sales and 51% of its operating profit.\nWe accounted for this transaction as a “step acquisition” (as defined by U. S.  GAAP), which requires us to consolidate and record the assets and liabilities of AWE at fair value.\nAccordingly, we recorded intangible assets of $243 million related to customer relationships, $32 million of net liabilities, and noncontrolling interests of $107 million.\nThe intangible assets are being amortized over a period of eight years in accordance with the underlying pattern of economic benefit reflected by the future net cash flows.\nIn 2016, we recognized a non-cash net gain of $104 million associated with obtaining a controlling interest in AWE, which consisted of a $127 million pretax gain recognized in the operating results of our Space business segment and $23 million of tax-related items at our corporate office.\nThe gain represented the fair value of our 51% interest in AWE, less the carrying value of our previously held investment in AWE and deferred taxes.\nThe gain was recorded in other income, net on our consolidated statements of earnings.\nThe fair value of AWE (including the intangible assets), our controlling interest, and the noncontrolling interests were determined using the income approach."}
{"_id": "d8a89ea70", "title": "", "text": "| December 31, 2011 | Required Net Capital | E*TRADE Clearing LLC-1 | E*TRADE Securities LLC-1 | E*TRADE Capital Markets, LLC-2 | International broker-dealers | Total |"}
{"_id": "d8ea4e09c", "title": "", "text": "| Rating agency Outlook Long-term issuer/senior debt rating Subordinated debt rating | S&P | Moody’s | Fitch | DBRS | Kroll |"}
{"_id": "d8ac80968", "title": "", "text": "| 2010 2009 2008 | Loss and loss expense ratio, as reported | Catastrophe losses and related reinstatement premiums | Prior period development | Large assumed loss portfolio transfers | Loss and loss expense ratio, adjusted |"}
{"_id": "d8637a976", "title": "", "text": "| Year ended December 31,(a) 2004 2003 2002 | Statutory U.S. federal tax rate | Increase (decrease) in tax rate resulting from: | U.S. state and local income taxes, net offederal income tax benefit | Tax-exempt income | Non-U.S. subsidiary earnings | Business tax credits | Other, net | Effective tax rate |"}
{"_id": "d8f7e6aba", "title": "", "text": "Provision for credit losses The managed provision for credit losses includes amounts related to credit card securitizations.\nFor the year ended December 31, 2008, the increase in the provision for credit losses was due to year-over-year increase in the allowance for credit losses largely related to the home equity, subprime mortgage, prime mortgage and credit card loan portfolios in the consumer businesses as well as in the allowance for credit losses related to the wholesale portfolio.\nThe increase in the allowance for credit losses related to the wholesale provision for loan losses from the prior year was due to the weakening credit environment, loan growth and the transfer of $4.9 billion of funded and unfunded leveraged lending commitments to retained loans from held-for-sale.\nThe decrease in provision for lending-related commitments from the prior year benefited from reduced balances of lending-related commitments."}
{"_id": "d8a3e1b0e", "title": "", "text": "Net Investment Income Net investment income increased by $2,326 million, or 16%, to $17,082 million for the year ended December 31, 2006 from $14,756 million for the comparable 2005 period.\nExcluding the impact of the acquisition of Travelers, which contributed $1,425 million during the first six months of 2006 to the year over year increase, net investment income increased by $901 million of which management attributes $648 million to growth in the average asset base and $253 million to an increase in yields.\nThis increase was primarily due to an overall increase in the asset base, an increase in fixed maturity security yields, improved results on real estate and real estate joint ventures, mortgage loans, and other limited partnership interests, as well as higher short-term interest rates on cash equivalents and shortterm investments.\nThese increases were partially offset by a decline in investment income from securities lending results, and bond and commercial mortgage prepayment fees."}
{"_id": "d8799ab0c", "title": "", "text": "| (Millions of Dollars) 2004 2003 Increase/ (Decrease) | Property taxes | State and local taxes related to revenue receipts | Payroll taxes | Other taxes | Total |"}
{"_id": "d815c514a", "title": "", "text": "| Amount of Commitment Expiration by Period | Commercial Commitments | Letters of credit and guarantees* |"}
{"_id": "d8d39c970", "title": "", "text": "| Fair   Value Weighted-   Average   Prepayment   Speed Weighted-   Average   Discount   Rate Annual   Expected   Credit   Defaults | (Dollars in thousands) | Retained subordinated interests: | As of securitization date | As of December 31, 2007 | Impact on fair value of 10% adverse change | Impact on fair value of 20% adverse change |"}
{"_id": "d8a765424", "title": "", "text": "| Quarter Ended | March 31, 2007 | (Thousands of Dollars, except per share amounts) | Operating revenues | Operating income | Income from continuing operations | Discontinued operations — income (loss) | Net income | Earnings available to common shareholders | Earnings per share total — basic | Earnings per share total — diluted |"}
{"_id": "d8ac21896", "title": "", "text": "worlds most advanced surface combatants.\nIn 2006, the group delivered USS Farragut and USS Gridley, the companys 26th and 27th ships of the class.\nSeven more ships are scheduled to be delivered between 2007 and 2011.\nAs the DDG-51 program winds down, the Navy and industry are transitioning to the next-generation guided-missile destroyer, the DDG-1000 Zumwalt Class, formerly known as DD(X).\nThe company has one of two contracts for the detail design of this multi-mission destroyer under a dual-lead-ship strategy, which, as directed by Congress, stipulates that the vessels be procured from two separate shipyards.\nThe company expects to receive a DDG-1000 construction contract in 2007.\nMarine Systems leads one of two industry teams awarded competitive contracts for the design and construction of a new type of surface warship designated a Littoral Combat Ship (LCS).\nAs a key element of the Navys plan to maintain a sizeable fleet and address emerging maritime threats, the high-speed, multi-mission LCS platform is intended for defense against terrorist swarm boats, mines and submarine threats in coastal areas.\nMarine Systems LCS design is derived from a proven commercial trimaran.\nIts first ship is now under construction at a teammates Alabama facility and is scheduled to be launched in 2007.\nThe U. S.  Navy continues to assess the requirements for future LCS construction.\nThe group designed and produces the Lewis and Clark-class (T-AKE) dry cargo/ammunition combat-logistics ship.\nThis ship is the Navys first new combat-logistics ship design in almost 20 years, and it maximizes the Navys operational flexibility and endurance by transforming at-sea replenishment.\nT-AKE enables efficient cargo transfer in port and at sea, and is the first modern Navy ship to incorporate proven commercial marine technologies, such as integrated electric-drive propulsion.\nThese technologies are designed to minimize T-AKE operations and maintenance costs over an expected 40-year life.\nT-AKE ships support the Navys Sea Base vision by delivering ammunition, food, fuel, parts and other supplies to U. S.  and NATO forces around the world, and to Navy ships operating at sea.\nThe group delivered the lead ship, USNS Lewis and Clark, in June 2006.\nThe group designs and produces commercial ships to meet Jones Act requirements that U. S. -built ships be used to transport commercial goods between U. S.  ports.\nIn August, the group signed a contract with U. S.  Shipping Partners to build nine product carrier ships, with options for five additional ships.\nThe product carriers are based on a design the company obtained through an agreement with a subsidiary of Daewoo Shipbuilding and Marine Engineering (DSME).\nThe partnership allows the group to offer proven containerships, tankers, bulk carriers and other designs to Jones Act customers.\nConstruction of the first ship is scheduled to begin in 2007, with delivery expected in 2009.\nThis new work builds on the groups experience with the design and construction of double-hull oil tankers.\nIn August 2006, the group delivered the last of four double-hull tankers to BP Shipping Ltd. , two weeks ahead of schedule.\nIn addition, the Marine Systems group provides comprehensive ship and submarine repair support services to the Navy and commercial customers in a variety of locations worldwide.\nInternationally, the group provides key allies with program management, planning and design support for submarine and surface-ship construction programs.\nIn partnership with the Navy and local governments, the group continues to invest in its shipyards to remain competitive and improve operating margins.\nThe groups three shipyards were recognized as world-class facilities in 2006, exceeding the U. S.  and international averages in numerous areas of shipyard technology based on analysis by independent international shipbuilding consultants commissioned by the Department of Defense.\nNet sales for the Marine Systems group were 21 percent of the companys consolidated net sales in 2006, 23 percent in 2005 and 25 percent in 2004.\nNet sales by major products and services were as follows:"}
{"_id": "d860d8a56", "title": "", "text": "| 2014 Payments (Receipts) (In Millions) | Entergy Gulf States Louisiana | Entergy Louisiana | Entergy Mississippi | Entergy New Orleans | Entergy Texas |"}
{"_id": "d87df9964", "title": "", "text": "| Year ended December 31, | Non-GAAP core operating efficiency ratio (Dollars in thousands, except ratios) | GAAP noninterest expense | GAAP net interest income | GAAP noninterest income | Less: gains on investment securities, net | Less: net gains on equity warrant assets | Non-GAAP noninterest income, net of gains on investment securities and equity warrant assets | GAAP total revenue | Non-GAAP total revenue, net of gains on investment securities and equity warrant assets | GAAP operating efficiency ratio | Non-GAAP, core operating efficiency ratio -1 |"}
{"_id": "d8af973e0", "title": "", "text": "Contractual Obligations, Commitments and Contingencies The following table sets forth contractual obligations, commitments and contingencies by year of payment at December 31, 2014:"}
{"_id": "d8e4ea448", "title": "", "text": "minimum death benefit guarantees, resulting in higher expected future gross profits.\nThe opposite result occurs when returns are lower than the Companys long-term expectation.\nThe Companys practice to determine the impact of gross profits resulting from returns on separate accounts assumes that long-term appreciation in equity markets is not changed by short-term market fluctuations, but is only changed when sustained interim deviations are expected.\nThe Company monitors these changes and only changes the assumption when its long-term expectation changes.\nThe effect of an increase/(decrease) by 100 basis points in the assumed future rate of return is reasonably likely to result in a decrease/(increase) in the DAC and VOBA balances of approximately $70 million for this factor.\nThe Company also reviews periodically other long-term assumptions underlying the projections of estimated gross margins and profits.\nThese include investment returns, policyholder dividend scales, interest crediting rates, mortality, persistency, and expenses to administer business.\nManagement annually updates assumptions used in the calculation of estimated gross margins and profits which may have significantly changed.\nIf the update of assumptions causes expected future gross margins and profits to increase, DAC and VOBA amortization will decrease, resulting in a current period increase to earnings.\nThe opposite result occurs when the assumption update causes expected future gross margins and profits to decrease.\nOver the past two years, the Companys most significant assumption updates resulting in a change to expected future gross margins and profits and the amortization of DAC and VOBA have been updated due to revisions to expected future investment returns, expenses, in-force or persistency assumptions and policyholder dividends on contracts included within the Individual Business segment.\nThe Company expects these assumptions to be the ones most reasonably likely to cause significant changes in the future.\nChanges in these assumptions can be offsetting and the Company is unable to predict their movement or offsetting impact over time.\nThe following chart illustrates the effect on DAC and VOBA within the Companys Individual segment of changing each of the respective assumptions during the years ended December 31, 2006 and 2005:"}
{"_id": "d8cc91b1c", "title": "", "text": "| Amount (In Thousands) | 2016 | 2017 | 2018 | 2019 | 2020 | Years thereafter | Total | Less: Amount representing interest | Present value of net minimum lease payments |"}
{"_id": "d86bb71b6", "title": "", "text": "monitor an entity’s solvency.\nThis calculation indicates recommended minimum levels of required capital and surplus and signals regulatory measures should actual surplus fall below these recommended levels.\nIf RBC were adopted by all states at December 31, 2004, each of our subsidiaries would be in compliance and we would have $405.6 million of aggregate capital and surplus above any of the levels that require corrective action under RBC.\nContractual Obligations We are contractually obligated to make payments for years subsequent to December 31, 2004 as follows:"}
{"_id": "d8f29f732", "title": "", "text": "| Years ended December 31, | Cash Flow Data | Net income, adjusted to reconcile net income to net cashprovided by operating activities1 | Net cash used in working capital ² | Changes in other non-current assets and liabilities using cash | Net cash provided by operating activities | Net cash used in investing activities | Net cash (used in) provided by financing activities |"}
{"_id": "d8d1c5d36", "title": "", "text": "| Derivatives in Fair Value Hedging Relationships Hedged Items in Fair Value Hedging Relationships Net Derivative Gains (Losses) Recognized for Derivatives Net Derivative Gains (Losses) Recognized for Hedged Items Ineffectiveness Recognized in Net Derivative Gains (Losses) | (In millions) | For the Year Ended December 31, 2011: | Interest rate swaps: | PABs -1 | Foreign currency swaps: | Foreign-denominated PABs -2 | Foreign currencyforwards: | Total | For the Year Ended December 31, 2010: | Interest rate swaps: | PABs -1 | Foreign currency swaps: | Foreign-denominated PABs -2 | Foreign currencyforwards: | Total | For the Year Ended December 31, 2009: | Interest rate swaps: | PABs -1 | Foreign currency swaps: | Foreign-denominated PABs -2 | Foreign currencyforwards: | Total |"}
{"_id": "d8775a6da", "title": "", "text": "| 1-Percentage Point | (millions) | Effect on total of service and interest cost components | Effect on postretirement benefit obligation |"}
{"_id": "d88ec5734", "title": "", "text": "| (in thousands) Total Level 1 Level 2 NAV | -1 Cash and cash equivalents | -2 Fixed income securities | Domestic equity securities | Rollins, Inc. stock | Other securities | -3 International equity securities | -4 Real estate | -5 Alternative/opportunistic/special | Total | (in thousands) | -1 Cash and cash equivalents | -2 Fixed income securities | Domestic equity securities | Rollins, Inc. stock | Other securities | -3 International equity securities | -4 Real estate | -5 Alternative/opportunistic/special | Total |"}
{"_id": "d8da668fa", "title": "", "text": "SEAGATE TECHNOLOGY AND ITS PREDECESSOR NOTES TO CONSOLIDATED AND COMBINED FINANCIAL STATEMENTS(CONTINUED) The following table summarizes the Companys operations by geographic area:\n(1) Revenue is attributed to countries based on the shipping location.\nOn November 22, 2000, under the stock purchase agreement, the Companys parent, New SAC completed the purchase of substantially all of the operating assets of, and assumption of the operating liabilities of, Seagate Delaware and its consolidated subsidiaries.\nThe total net purchase price paid by New SAC for all the businesses of Seagate Delaware, including Seagate Technology, was $1.840 billion in cash, including transaction costs of approximately $25 million.\nImmediately thereafter, in a separate and independent transaction, Seagate Delaware and VERITAS completed their merger under the Merger Agreement.\nAt the time of the merger, Seagate Delawares assets included a specified amount of cash, an investment in VERITAS, and certain specified investments and liabilities.\nIn connection with the Merger Agreement, Seagate Delaware, VERITAS and New SAC entered into an Indemnification Agreement, pursuant to which these entities and certain other subsidiaries of Seagate Delaware agreed to certain indemnification provisions regarding tax and other matters that may arise in connection with the stock purchase agreement and Merger Agreement.\nNew SAC accounted for this transaction as a purchase in accordance with Accounting Principles Board, or APB, Opinion No.16, Business Combinations.\n All acquired tangible assets, identifiable intangible assets as well as assumed liabilities were valued based on their relative fair values and reorganized into the following businesses: (1) the rigid disc drive business, which is now the Company, which included the storage area networks business, (2) the removable storage solutions business, which is now Certance Holdings, a direct subsidiary of New SAC and an affiliate of the Company, (3) the software business, which is now Crystal Decisions, an indirect subsidiary of New SAC and an affiliate of the Company, and (4) an investment holding company, which is now STIH, a direct subsidiary of New SAC and an affiliate of the Company.\nEach of Certance Holdings, Crystal Decisions and STIH are direct or indirect subsidiaries of New SAC and are not owned by the Company.\nThe fair value of the net assets exceeded the net purchase price by approximately $909 million.\nAccordingly, the resultant negative goodwill was allocated on a pro rata basis to acquired long-lived assets of New SAC, primarily property, plant and equipment, and identified intangible assets, and reduced the recorded fair value amounts by approximately 46% for all the acquired businesses.\nIn accordance with Staff Accounting Bulletin No.73, Push Down Basis of Accounting, the Company has reflected its parent companys basis in the rigid disc drive and storage area networks operating businesses in the related balance sheet at the date of acquisition."}
{"_id": "d8f9144b4", "title": "", "text": "| December 31, 2012 | (In millions) | U.S. | Cash and cash equivalents | Equity securities: | Common stock(a) | Private equity | REIT | Investment trust | Mutual funds(b) | Pooled funds(c) | Fixed income securities: | U.S. treasury notes | Exchange traded funds | Corporate bonds(d) | Non-U.S. government bonds | Private placements | Taxable municipal bonds | Yankee bonds | Commingled fund(e) | Pooled funds(f) | Real estate(g) | Other | Total investments, at fair value |"}
{"_id": "d8de397b6", "title": "", "text": "| Year ended December 31, | (Dollars in thousands, except ratios) | Allowance for loan losses, beginning balance | Provision for loan losses | Gross loan charge-offs | Loan recoveries | Allowance for loan losses, ending balance | Provision as a percentage of period-end total gross loans | Gross loan charge-offs as a percentage of average total gross loans | Net loan (recoveries) charge-offs as a percentage of average total gross loans | Allowance for loan losses as a percentage of period-end total gross loans | Period-end total gross loans | Average total gross loans |"}
{"_id": "d89fc2d3e", "title": "", "text": "Commercial Mortgage and Other Loans The following table sets forth the composition of “Commercial mortgage and other loans,” as of the dates indicated:"}
{"_id": "d8c2f1274", "title": "", "text": "| Gold Ounces Produced Costs Applicable to Sales-1 Depreciation and Amortization All-In Sustaining Costs-2 | 2018 | GOLD | Yanacocha | Merian-3 | Total / Weighted Average-4 | Yanacocha -48.65%(5) | Merian -25.00% | Attributable to Newmont |"}
{"_id": "d8f238bb8", "title": "", "text": "Management and financial advice fees increased $27 million, or 3%, to $1.1 billion for the year ended December 31, 2009, due to strong hedge fund performance and net inflows, partially offset by a 22% decline in the daily average S&P 500 Index on a period-over-period basis, as well as the negative impact of foreign currency translation.\nTotal Asset Management account assets increased $43.6 billion, or 22%, compared to the prior year due to market appreciation, as well as net inflows in International managed assets and the positive impact of changes in foreign currency exchange rates.\nDistribution fees decreased $31 million, or 13%, to $216 million for the year ended December 31, 2009, primarily due to lower 12b-1 fees driven by lower average assets.\nNet investment income was $18 million for the year ended December 31, 2009 compared to net investment loss of $13 million in the prior year.\nOperating net investment income, which excludes net realized gains or losses, was $21 million for the year ended December 31, 2009 compared to operating net investment loss of $14 million for the prior year primarily due to losses related to mark-to-market adjustments on seed money investments in 2008.\nOther revenues decreased $25 million, or 76%, to $8 million for the year ended December 31, 2009, due to revenue from the sale of certain operating assets in 2008.\nExpenses Total expenses increased $25 million, or 2%, to $1.3 billion for the year ended December 31, 2009, primarily due to an increase in general and administrative expense partially offset by a decrease in distribution expenses.\nDistribution expenses decreased $46 million, or 11%, to $371 million for the year ended December 31, 2009, primarily due to lower average assets.\nGeneral and administrative expense increased $74 million, or 9%, to $894 million for the year ended December 31, 2009.\nIntegration charges were $30 million for the year ended December 31, 2009 compared to $5 million for the prior year.\nOperating general and administrative expense, which excludes integration charges, increased $49 million, or 6%, to $864 million for the year ended December 31, 2009, primarily due to ongoing expenses from our acquisition of Seligman in the fourth quarter of 2008 and increases in hedge fund performance compensation, our performance compensation pool and legal expenses, partially offset by expense controls and a positive impact of foreign currency translation.\nThe positive impact of foreign currency translation on general and administrative expense partially offset the negative impact of foreign currency translation on management and financial advice fees."}
{"_id": "d8abbd94a", "title": "", "text": "| ($ in millions) 2010 2009 2008 | Net sales | Segment earnings | Gain on disposition(a) | Total segment earnings |"}
{"_id": "d88cc7f86", "title": "", "text": "Counterparty Credit Risk Valuation Adjustments We record a counterparty credit risk valuation adjustment on certain derivative assets, including our credit default protection purchased, in order to properly reflect the credit quality of the counterparty.\nThese adjustments are necessary as the market quotes on derivatives do not fully reflect the credit risk of the counterparties to the derivative assets.\nWe consider collateral and legally enforceable master netting agreements that mitigate our credit exposure to each counterparty in determining the counterparty credit risk valuation adjustment.\nAll or a portion of these counterparty credit risk valuation adjustments are reversed or otherwise adjusted in future periods due to changes in the value of the derivative contract, collateral and creditworthiness of the counterparty During 2010 and 2009, credit valuation gains (losses) of $731 million and $3.1 billion ($(8) million and $1.7 billion, net of hedges) were recognized in trading account profits (losses) for counterparty credit risk related to derivative assets.\nFor additional information on gains or losses related to the counterparty credit risk on derivative assets, refer to Note 4  Derivatives to the Consolidated Financial Statements.\nFor information on our monoline counterparty credit risk, see the discussions beginning on pages 51 and 90, and for information on our CDO-related counterparty credit risk, see GBAM beginning on page 49."}
{"_id": "d85d722b8", "title": "", "text": "| (Dollars in millions) 2011 2010 2009 | Price risk on mortgage banking production income-1, 2 | Interest rate risk on mortgage banking servicing income-1 | Credit risk on loans-3 | Interest rate and foreign currency risk on long-term debt and other foreign exchange transactions-4 | Other-5 | Total |"}
{"_id": "d87e2e416", "title": "", "text": "Valuation Adjustments on Derivatives The Corporation records credit risk valuation adjustments on derivatives in order to properly reflect the credit quality of the counterparties and its own credit quality.\nThe Corporation calculates valuation adjustments on derivatives based on a modeled expected exposure that incorporates current market risk factors.\nThe exposure also takes into consideration credit mitigants such as enforceable master netting agreements and collateral.\nCDS spread data is used to estimate the default probabilities and severities that are applied to the exposures.\nWhere no observable credit default data is available for counterparties, the Corporation uses proxies and other market data to estimate default probabilities and severity.\nValuation adjustments on derivatives are affected by changes in market spreads, non-credit-related market factors such as interest rate and currency changes that affect the expected exposure, and other factors like changes in collateral arrangements and partial payments.\nCredit spreads and non-credit factors can move independently.\nFor example, for an interest rate swap, changes in interest rates may increase the expected exposure, which would increase the counterparty credit valuation adjustment (CVA).\nIndependently, counterparty credit spreads may tighten, which would result in an offsetting decrease to CVA.\nThe Corporation enters into risk management activities to offset market driven exposures.\nThe Corporation often hedges the counterparty spread risk in CVA with CDS.\nThe Corporation hedges other market risks in both CVA and DVA primarily with currency and interest rate swaps.\nSince the components of the valuation adjustments on derivatives move independently and the Corporation may not hedge all of the market-driven exposures, the effect of a hedge may increase the gains or losses relating to valuation adjustments on derivatives or may result in a gross gain from valuation adjustments on derivatives becoming a negative adjustment (or the reverse).\nIn 2014, the Corporation adopted FVA into valuation estimates primarily to include funding costs on uncollateralized derivatives and derivatives where the Corporation is not permitted to use the collateral it receives.\nThe change in estimate resulted in a net pretax FVA charge of $497 million including a charge of $632 million related to funding costs associated with derivative asset exposures, partially offset by a funding benefit of $135 million related to derivative liability exposures.\nThe net FVA charge was recorded as a reduction to sales and trading revenue in Global Markets.\nThe Corporation calculated this valuation adjustment based on modeled expected exposure profiles discounted for the funding risk premium inherent in these derivatives.\nFVA related to derivative assets and liabilities is the effect of funding costs on the fair value of these derivatives."}
{"_id": "d8ab5b93e", "title": "", "text": "In 2012, the Company incurred other operating charges of $447 million, which primarily consisted of $270 million associated with the Company’s productivity and reinvestment program; $163 million related to the Company’s other restructuring and integration initiatives; $20 million due to changes in the Company’s ready-to-drink tea strategy as a result of our U. S.  license agreement with Nestlé terminating at the end of 2012; and $8 million due to costs associated with the Company detecting carbendazim in orange juice imported from Brazil for distribution in the United States.\nThese charges were partially offset by reversals of $10 million associated with the refinement of previously established accruals related to the Company’s 2008–2011 productivity initiatives, as well as reversals of $6 million associated with the refinement of previously established accruals related to the Company’s integration of CCE’s former North America business.\nRefer to Note 18 of Notes to Consolidated Financial Statements and see below for additional information on the Company’s productivity, integration and restructuring initiatives.\nRefer to Note 19 of Notes to Consolidated Financial Statements for the impact these charges had on our operating segments."}
{"_id": "d8cbd7d8e", "title": "", "text": "The following table summarizes information about stock options outstanding at December 31, 2001 (in thousands of shares):"}
{"_id": "d86826286", "title": "", "text": "| Year Vesting of Restricted Shares | 2017 | 2018 | 2019 | 2020 | 2021 | Thereafter | Total Outstanding |"}
{"_id": "d88e2861e", "title": "", "text": "| PRODUCTION CAPACITY NUMBER OF FACILITIES | Softwood lumber – board feet | Plywood – square feet (3/8”)(2) | Veneer – square feet (3/8”)(2)(3) | Oriented strand board – square feet (3/8”) | Hardwood lumber – board feet | Engineered I-Joists – lineal feet-4 | Engineered solid section – cubic feet-4 |"}
{"_id": "d865beeee", "title": "", "text": "| Second Quarter 2009 First Quarter 2009 Fourth Quarter 2008 | (Dollars in millions) | Earning assets | Time deposits placed and other short-term investments | Federal funds sold and securities borrowed or purchased under agreements to resell | Trading account assets | Debt securities-1 | Loans and leases-2: | Residential mortgage-3 | Home equity | Discontinued real estate | Credit card – domestic | Credit card – foreign | Direct/Indirect consumer-4 | Other consumer-5 | Total consumer | Commercial – domestic | Commercial real estate-6 | Commercial lease financing | Commercial – foreign | Total commercial | Total loans and leases | Other earning assets | Total earning assets-7 | Cash and cash equivalents | Other assets, less allowance for loan and lease losses | Total assets | Interest-bearing liabilities | Domestic interest-bearing deposits: | Savings | NOW and money market deposit accounts | Consumer CDs and IRAs | Negotiable CDs, public funds and other time deposits | Total domestic interest-bearing deposits | Foreign interest-bearing deposits: | Banks located in foreign countries | Governments and official institutions | Time, savings and other | Total foreign interest-bearing deposits | Total interest-bearing deposits | Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings | Trading account liabilities | Long-term debt | Total interest-bearing liabilities-7 | Noninterest-bearing sources: | Noninterest-bearing deposits | Other liabilities | Shareholders’ equity | Total liabilities and shareholders’ equity | Net interest spread | Impact of noninterest-bearing sources | Net interest income/yield on earning assets |"}
{"_id": "d8cb746ee", "title": "", "text": "| Gross CarryingAmount (In thousands) | Balance as of December 31, 2016 | Goodwill resulting from acquisitions | Effect of foreign currency translation | Balance as of December 30, 2017 | Effect of foreign currency translation | Balance as of December 29, 2018 | 2010 | (In millions) | Revenues: | Electric sales to affiliates | Ground lease with ATSI | Other | Expenses: | Purchased power from affiliates | Fuel | Support services | Investment Income: | Interest income from affiliates | Interest income from FE | Interest Expense: | Interest expense to affiliates | Interest expense to FE | 2009 | (In millions) | Revenues: | Electric sales to affiliates | Ground lease with ATSI | Other | Expenses: | Purchased power from affiliates | Fuel | Support services | Investment Income: | Interest income from affiliates | Interest income from FE | Interest Expense: | Interest expense to affiliates | Interest expense to FE |"}
{"_id": "d8c868f40", "title": "", "text": "| September 30, | 2016 | (In millions) | Balance Sheet Data: | Cash and cash equivalents and marketable securities | Inventories | Total assets | Notes payable -3 | Total equity |"}
{"_id": "d8dcf0d6e", "title": "", "text": "Commodity Revenue – Despite uncertainty regarding the U. S.  economy, we expect record revenue in 2008 based on current economic indicators, forecasted demand, improved customer service, and additional opportunities to reprice certain of our business.\nYield increases and fuel surcharges will be the primary drivers of commodity revenue growth in 2008.\nWe expect that overall volume will fall within a range of 1% higher to 1% lower than 2007, with continued softness in some market sectors.  ?"}
{"_id": "d8712c4a2", "title": "", "text": "| Sites Corporate BD Life Sciences BD Medical Mixed(A) Total | Leased | Owned | Total | Square feet |"}
{"_id": "d8b0af322", "title": "", "text": "| Cash, net of cash acquired $479 | Fair value of prior interests | $510 |"}
{"_id": "d866173b4", "title": "", "text": "| Year Amount | 2014 | 2015 | 2016 | 2017 | 2018 | Thereafter | Total |"}
{"_id": "d86e2d7c4", "title": "", "text": "| Year Ended December 31, | 2011 | Steam Sold(MMlb) | General | Apartment house | Annual power | Total Steam Delivered to CECONY Customers | Steam Sold($ in millions) | General | Apartment house | Annual power | Other operating revenues | Total Steam Delivered to CECONY Customers | Average Revenue per MMlb Sold |"}
{"_id": "d88540204", "title": "", "text": "| Year Ended December 31, 2014 Year Ended December 31, 2013 | Dollars inMillions | Segments:-1 | Corporate | Public | Other | Headquarters-2 | Total income from operations |"}
{"_id": "d8db8ad30", "title": "", "text": "| December 31, 2010 | Public | Carrying amount | (in millions) | Three months or less | Greater than three to six months | Greater than six to nine months | Greater than nine to twelve months | Greater than twelve to twenty-four months | Greater than twenty-four to thirty-six months | Greater than thirty-six months | Total fixed maturities, available-for-sale |"}
{"_id": "d8ef0c660", "title": "", "text": "| Year ended  December 31, | $ in millions | Equity in earnings of unconsolidated affiliates | Interest and dividend income | Gains/(losses) of consolidated investment products, net | Interest expense | Other gains and losses, net | Total other income and expenses | Equity Attributable to Common Shareholders | $ in millions | January 1, 2009 | Net income/(loss), including gains and losses attributable to noncontrolling interests | Other comprehensive income: | Currency translation differences on investments in overseas subsidiaries | Change in accumulated OCI related to employee benefit plans | Change in net unrealized gains on available-for-sale investments | Adoption of guidance now encompassed in ASC Topic 320 | Tax impacts of changes in accumulated other comprehensive income balances | Total comprehensive income | Adoption of guidance now encompassed in ASC Topic 320 | Change in noncontrolling interests in consolidated entities, net | Issuance of new shares | Dividends | Employee share plans: | Share-based compensation | Vested shares | Exercise of options | Tax impact of share-based payment | Modification of share-based payment awards | Purchase of shares | Acquisition of remaining noncontrolling interest in subsidiary | December 31, 2009 | Equity Attributable to Common Shareholders | $ in millions | January 1, 2008 | Net income, including gains and losses attributable to noncontrolling interests | Other comprehensive income | Currency translation differences on investments in overseas subsidiaries | Change in accumulated OCI related to employee benefit plans | Change in net unrealized losses on available-for-sale investments | Tax impacts of changes in accumulated OCI balances | Total comprehensive income | Change in noncontrolling interests in consolidated entities, net | Dividends | Employee share plans: | Share-based compensation | Vested shares | Exercise of options | Tax impact of share-based payment | Purchase of shares | December 31, 2008 |"}
{"_id": "d85ed2752", "title": "", "text": "| Years Ended December 31, | 2010 | (In millions, except per share data) | Total revenues | Income (loss) from continuing operations, net of income tax, attributable to common shareholders | Income (loss) from continuing operations, net of income tax, attributable to common shareholders per commonshare: | Basic | Diluted |"}
{"_id": "d86ce3d1e", "title": "", "text": "| Performance Share Units (In thousands) Weighted-AverageGrant DateFair Value | Outstanding on January 1, 2017 | Granted | Conversions to restricted stock units1 | Paid in cash equivalent | Canceled/forfeited | Outstanding on December 31, 20172 |"}
{"_id": "d82080530", "title": "", "text": "Commitments and Contingencies As of December 31, 2014 , approximately $20.2 billion of unused credit was available to PayPal Credit accountholders.\nWhile this amount represents the total unused credit available, we have not experienced, and do not anticipate, that all of our PayPal Credit accountholders will access their entire available credit at any given point in time.\nIn addition, the individual lines of credit that make up this unused credit are subject to periodic review and termination by the chartered financial institutions that are the issuer of PayPal Credit products based on, among other things, account usage and customer creditworthiness.\nWhen a consumer makes a purchase using a PayPal Credit products, the chartered financial institution extends credit to the consumer, funds the extension of credit at the point of sale and advances funds to the merchant.\nWe subsequently purchase the consumer receivables related to the consumer loans and as result of that purchase, bear the risk of loss in the event of loan defaults.\nHowever, we subsequently sell a participation interest in the entire pool of consumer loans to the chartered financial institution that extended the consumer loans.\nAlthough the chartered financial institution continues to own the customer accounts, we own and bear the risk of loss on the related consumer receivables, less the participation interest held by the chartered financial institution, and PayPal is responsible for all servicing functions related to the customer account balances.\nAs of December 31, 2014 , the total outstanding principal balance of this pool of consumer loans was $3.7 billion , of which the chartered financial institution owns a participation interest of $163 million , or 4.4% of the total outstanding balance of consumer receivables at that date."}
{"_id": "d89899120", "title": "", "text": "The fluctuation in enterprise interest-earning assets is driven primarily by changes in enterprise interestbearing liabilities, specifically customer payables and deposits.\nAverage enterprise interest-earning assets decreased 8% to $40.9 billion for the year ended December 31, 2013 compared to 2012.\nThis was primarily a result of decreases in average available-for-sale securities and average loans, which were partially offset by an increase in average held-to-maturity securities.\nAverage enterprise interest-bearing liabilities decreased 9% to $38.2 billion for the year ended December 31, 2013 compared to 2012.\nThe decrease in average enterprise interest-bearing liabilities was due primarily to decreases in average deposits and average FHLB advances and other borrowings.\nAs part of our strategy to strengthen our overall financial and franchise position, we have been focused on improving our capital ratios by reducing risk and deleveraging the balance sheet.\nOur deleveraging strategy included transferring customer deposits to third party institutions, including $3.2 billion of sweep deposits transferred during the year ended December 31, 2013.\nAt December 31, 2013, our customers held $13.8 billion of assets at third party institutions, including third party banks and money market funds.\nApproximately 68% of these offbalance sheet assets resulted from our deleveraging efforts.\nWe estimate the impact of our deleveraging efforts on net operating interest income to be approximately 130 basis points based on the estimated current reinvestment rates on these assets, less approximately 35 basis points of cost associated with holding these assets on our balance sheet, primarily, FDIC insurance premiums.\nWhile we may take some tactical actions in future periods, we consider our deleveraging initiatives to be complete.\nEnterprise net interest spread decreased by 6 basis points to 2.33% for the year ended December 31, 2013 compared to 2012, due to lower yields on margin and reinvestment in securities at lower rates in the current interest rate environment, partially offset by lower rates on customer payables and deposits.\nWe expect enterprise net interest spread for 2014 will average slightly above the levels from 2013; however, enterprise net interest spread may further fluctuate based on the size and mix of the balance sheet, as well as the impact from the level of interest rates.\nCommissions Commissions revenue increased 11% to $420.1 million for the year ended December 31, 2013 compared to 2012.\nThe main factors that affect commissions are DARTs, average commission per trade and the number of trading days.\nDART volume increased 9% to 150,743 for the year ended December 31, 2013 compared to 2012.\nOptionrelated DARTs as a percentage of total DARTs represented 24% of trading volume for both years ended December 31, 2013 and 2012.\nExchange-traded funds-related DARTs as a percentage of total DARTs represented 7% of trading volume for the year ended December 31, 2013 compared to 8% in 2012.\nAverage commission per trade increased 1% to $11.13 for the year ended December 31, 2013 compared to 2012.\nAverage commission per trade is impacted by customer mix and the different commission rates on various trade types (e. g.  equities, options, fixed income, stock plan, exchange-traded funds, mutual funds, forex and cross border).\nAccordingly, changes in the mix of trade types will impact average commission per trade."}
{"_id": "d8edb98ee", "title": "", "text": "We describe above how we calculate AUM.\nAlso as noted above, our calculation of AUM may differ from the calculations of other asset managers, and as a result, this measure may not be comparable to similar measures presented by other asset managers.\nDevelopment Services Revenue increased by $11.9 million, or 22.4%, for the year ended December 31, 2014 as compared to the year ended December 31, 2013, primarily due to higher development fees during the year ended December 31, 2014 due to an increase in new projects started.\nPerformance Graph The following graph compares the total return, assuming reinvestment of dividends, on an investment in the Company, based on performance of the Company's common stock, with the total return of the Standard & Poor's 500 Composite Stock Index and the Dow Jones United States Travel and Leisure Index for a five year period by measuring the changes in common stock prices from December 31, 2011 to December 31, 2016.\nThe stock performance graph assumes for comparison that the value of the Company's common stock and of each index was $100 on December 31, 2011 and that all dividends were reinvested.\nPast performance is not necessarily an indicator of future results."}
{"_id": "d8e503d76", "title": "", "text": "| 2013 2012 2011 | (In millions) | Stock-based compensation expensed: | General and administrative | Lease operating expenses | Stock-based compensation capitalized | $191 |"}
{"_id": "d838d65da", "title": "", "text": "| (in thousands, except weighted average data) Number of Shares Weighted- average grant date fair value | Outstanding, January 1 | Granted | Vested | Forfeited | Outstanding, December 31 |"}
{"_id": "d8e00868c", "title": "", "text": "| Bank of America Corporation Bank of America, N.A. | Senior Debt | Moody’s Investors Service | Standard & Poor’s | Fitch Ratings |"}
{"_id": "d8ad659e6", "title": "", "text": "| Year Amount | 2005 | 2006 | 2007 | 2008 | 2009 | Thereafter |"}
{"_id": "d88d34f64", "title": "", "text": "| 12/12 12/13 12/14 12/15 12/16 12/17 | Royal Caribbean Cruises Ltd. | S&P 500 | Dow Jones US Travel & Leisure |"}
{"_id": "d86e5800a", "title": "", "text": "The sensitivity factors utilized for 2016 and presented above were selected based on historical data from 1996 to 2016, as follows (see the table below): ?\na 100 basis point parallel shift in the yield curve is consistent with a one standard deviation movement of the benchmark ten-year treasury yield; ?\na 20 percent drop for equity and alternative investments is broadly consistent with a one standard deviation movement in the S&P 500; and ?\na 10 percent depreciation of foreign currency exchange rates is consistent with a one standard deviation movement in the U. S.  dollar (USD)/Japanese yen (JPY) exchange rate."}
{"_id": "d8f2cb4b8", "title": "", "text": "| (In millions) 2008 2007 2006 | Capital | Compliance | Operating and maintenance | Remediation(b) | Total |"}
{"_id": "d8e9c7e52", "title": "", "text": "| Year Gallons Average Price  perGallon Aircraft Fuel  Expense Percent of Total Mainline Operating  Expenses | 2015 | 2014 |"}
{"_id": "d8df83914", "title": "", "text": "| Initial Revised | Receivables | Inventories | Prepaid expenses and other | Property and equipment | Goodwill | Other intangible assets | Accounts payable | Accrued liabilities | Other liabilities | Total |"}
{"_id": "d8e2f5336", "title": "", "text": "PART II ITEM 8 Financial Statements and Supplementary Data In November 2016, the FASB issued ASU No.2016-18, Statement of Cash Flows (Topic 230): Restricted Cash.\nASU 2016-18 requires entities to show the changes in the total of cash, cash equivalents, restricted cash and restricted cash equivalents in the statement of cash flows.\nWe adopted ASU 2016-18 beginning with the quarter ended December 31, 2016 on a retrospective basis.\nAs a result Net Cash Provided by Operating Activities from Continuing Operations increased by $5 million in 2015.\nEnd-of-period cash, cash equivalents and restricted cash increased by $21 million and $16 million as of December 26, 2015 and December 27, 2014, respectively.\nWe classify restricted cash within our Consolidated Balance Sheets consistent with the nature of the restriction (e. g.  cash restricted for future interest payments within the next 12 months is classified in Prepaid expenses and other current assets).\nIn August 2014, the FASB issued ASU No.2014-15, Presentation of Financial Statements-Going Concern (Subtopic 205-40).\nASU 2014-15 requires management to evaluate whether there are conditions or events, considered in the aggregate, that raise substantial doubt about the entity’s ability to continue as a going concern for a period of one year following the date its financial statements are issued.\nIf such conditions or events exist, an entity should disclose that there is substantial doubt about the entity’s ability to continue as a going concern for a period of one year following the date its financial statements are issued.\nDisclosure should include the principal conditions or events that raise substantial doubt, management’s evaluation of the significance of those conditions or events in relation to the entity’s ability to meet its obligations, and management’s plans that are intended to mitigate those conditions or events.\nWe adopted ASU 2014-15 effective December 31, 2016.\nThe adoption had no impact on our Consolidated Financial Statements."}
{"_id": "d8eeb9e4c", "title": "", "text": "| Industry OTC Derivative Products-1  (dollars in millions) | Utilities | Banks and securities firms | Funds, exchanges and other financial services-2 | Special purpose vehicles | Regional governments | Healthcare | Industrials | Sovereign governments | Not-for-profit organizations | Insurance | Real Estate | Consumer staples | Other | Total |"}
{"_id": "d8b8ccdc0", "title": "", "text": "Pensions Evergy incurs significant costs in providing non-contributory defined pension benefits.\nThe costs are measured using actuarial valuations that are dependent upon numerous factors derived from actual plan experience and assumptions of future plan experience.\nPension costs are impacted by actual employee demographics (including age, life expectancies, compensation levels and employment periods), earnings on plan assets, the level of contributions made to the plan, and plan amendments.\nIn addition, pension costs are also affected by changes in key actuarial assumptions, including anticipated rates of return on plan assets and the discount rates used in determining the projected benefit obligation and pension costs.\nThe assumed rate of return on plan assets was developed based on the weighted-average of long-term returns forecast for the expected portfolio mix of investments held by the plan.\nThe assumed discount rate was selected based on the prevailing market rate of fixed income debt instruments with maturities matching the expected timing of the benefit obligation.\nThese assumptions, updated annually at the measurement date, are based on management's best estimates and judgment; however, material changes may occur if these assumptions differ from actual events.\nSee Note 9 to the consolidated financial statements for information regarding the assumptions used to determine benefit obligations and net costs.\nThe following table reflects the sensitivities associated with a 0.5% increase or a 0.5% decrease in key actuarial assumptions for Evergy's qualified pension plans.\nEach sensitivity reflects the impact of the change based on a change in that assumption only."}
{"_id": "d87e7dfe8", "title": "", "text": "(1) Includes a $17 million net benefit related to the market impact on variable annuity guaranteed benefits for the year ended December 31, 2013.\nNet Revenues Net revenues increased $1.1 billion, or 10%, to $12.3 billion for the year ended December 31, 2014 compared to $11.2 billion for the prior year primarily due to higher management and financial advice fees and other revenues.\nManagement and financial advice fees increased $557 million, or 11%, to $5.8 billion for the year ended December 31, 2014 compared to $5.3 billion for the prior year primarily due to higher asset-based fees driven by an increase in average AUM.\nAverage AUM increased $58.0 billion, or 10%, compared to the prior year primarily due to market appreciation and wrap account net inflows.\nSee our discussion on the changes in AUM in our segment results of operations section below.\nDistribution fees increased $123 million, or 7%, to $1.9 billion for the year ended December 31, 2014 compared to $1.8 billion for the prior year due to higher client assets, as well as increased client activity.\nNet investment income decreased $148 million, or 8%, to $1.7 billion for the year ended December 31, 2014 compared to $1.9 billion for the prior year primarily due to a $96 million decrease in investment income on fixed maturities driven by low interest rates and a $63 million decrease in net investment income of CIEs, partially offset by a $30 million increase in net realized gains primarily related to calls on fixed income securities.\nPremiums increased $103 million, or 8%, to $1.4 billion for the year ended December 31, 2014 compared to $1.3 billion for the prior year primarily due to growth in auto and home premiums driven by continued new policy sales growth, primarily from our affinity relationships with Costco and Progressive.\nAuto and home policies in force increased 11% compared to the prior year.\nOther revenues increased $431 million, or 42%, to $1.5 billion for the year ended December 31, 2014 compared to $1.0 billion for the prior year due to a $376 million increase in other revenues of CIEs and higher fees from variable annuity guarantee sales in the prior year where the fees start on the first anniversary date, and higher average fee rates, partially offset by the impact of unlocking.\nOther revenues for the year ended December 31, 2014 included a $29 million negative impact from unlocking compared to an $18 million negative impact in the prior year.\nThe primary driver of the unlocking impact to other revenues in both periods was lower projected gains on reinsurance contracts resulting from favorable mortality experience.\nExpenses Total expenses increased $492 million, or 5%, to $9.7 billion for the year ended December 31, 2014 compared to $9.2 billion for the prior year primarily due to increases in distribution expenses and amortization of DAC.\nDistribution expenses increased $311 million, or 11%, to $3.2 billion for the year ended December 31, 2014 compared to $2.9 billion for the prior year driven by higher advisor compensation due to growth in assets under management.\nSee our discussion on the changes in AUM in our segment results of operations section below.\nInterest credited to fixed accounts decreased $93 million, or 12%, to $713 million for the year ended December 31, 2014 compared to $806 million for the prior year driven by lower average fixed annuity account balances and a lower"}
{"_id": "d873e1fc6", "title": "", "text": "In December 2008, the board of directors approved an amendment to our bylaws to adopt a December 31 fiscal year-end, effective for the fiscal year-end 2008.\nPrior to 2008, our fiscal year ended on the last Sunday of the calendar year.\nAs a result, the number of weeks in our fiscal year varied.\nFor the last three years: ?Fiscal year 2008 had 52 weeks and three days.\n?Fiscal year 2007 had 52 weeks.\n?Fiscal year 2006 had 53 weeks.\nIn reviewing our results of operations, it is important to understand these terms: ?Price realizations refer to net selling prices  this includes selling price plus freight minus normal sales deductions.\n?Contribution to earnings refers to:  earnings before interest and income taxes for the Weyerhaeuser business segments and  earnings before income taxes for the Real Estate business segment.\nInterest that previously was capitalized to Real Estate assets that are sold is included in cost of products sold and in contribution to earnings for the Real Estate segment."}
{"_id": "d88caa3c8", "title": "", "text": "Regulatory balancing accounts accumulate differences between revenues recognized and authorized revenue requirements until they are collected from customers or are refunded.\nRegulatory balancing accounts include low income programs and purchased power and water accounts.\nDebt expense is amortized over the lives of the respective issues.\nCall premiums on the redemption of long-term debt, as well as unamortized debt expense, are deferred and amortized to the extent they will be recovered through future service rates.\nAs a result of American Water Capital Corp. ’s prepayment of the 5.62% Series C Senior Notes due December 21, 2018 (“Series C Senior Notes”) and 5.77% Series D Senior Notes due December 21, 2021 (“Series D Senior Notes”) and payment of a make-whole premium amount to the holders thereof of $34 million, the Company recorded a $6 million charge resulting from the early extinguishment of debt at the parent company.\nSubstantially all of the early debt extinguishment costs allocable to the Company’s utility subsidiaries were recorded as regulatory assets that the Company believes are probable of recovery in future rates.\nApproximately $1 million of the early debt extinguishment costs allocable to the Company’s utility subsidiaries was amortized in 2017.\nPurchase premium recoverable through rates is primarily the recovery of the acquisition premiums related to an asset acquisition by the Company’s California Utility subsidiary during 2002, and acquisitions in 2007 by the Company’s New Jersey Utility subsidiary.\nAs authorized for recovery by the California and New Jersey PUCs, these costs are being amortized to depreciation and amortization in the Consolidated Statements of Operations through November 2048.\nTank painting costs are generally deferred and amortized to operations and maintenance expense in the Consolidated Statements of Operations on a straight-line basis over periods ranging from two to fifteen years, as authorized by the regulatory authorities in their determination of rates charged for service.\nOther regulatory assets include certain construction costs for treatment facilities, property tax stabilization, employee-related costs, deferred other postretirement benefit expense, business services project expenses, coastal water project costs, rate case expenditures and environmental remediation costs among others.\nThese costs are deferred because the amounts are being recovered in rates or are probable of recovery through rates in future periods.\nRegulatory Liabilities Regulatory liabilities generally represent amounts that are probable of being credited or refunded to customers through the rate-making process.\nAlso, if costs expected to be incurred in the future are currently being recovered through rates, the Company records those expected future costs as regulatory liabilities.\nThe following table summarizes the composition of regulatory liabilities as of December 31:"}
{"_id": "d8e80f6c8", "title": "", "text": "| Year Ended December | $ in millions | Equity securities | Debt securities and loans | Total net revenues1 | Operating expenses | Pre-tax earnings |"}
{"_id": "d88c8862e", "title": "", "text": "·\t The decrease in Mortgage Servicing Rights of $2.7 billion was primarily attributed to mark-to-market losses recognized in the portfolio due to decreases in the mortgage interest rates and increases in refinancing.\n·\t The increase in Securities sold under agreements to repurchase of $5 billion is driven by a $6.2 billion increase from net transfers in as the continued credit crisis impacted the availability of observable inputs for the underlying securities related to this liability.\nThis was offset by a reduction from net settlements of $1.4 billion.\n·\t The decrease in short-term borrowings of $3.7 billion is due to net transfers out of $1.8 billion as valuation methodology inputs considered to be unobservable were determined not to be significant to the overall valuation.\nIn addition, net payments of $1.8 billion were made during the year.\n·\t The increase in long-term debt of $2.2 billion is driven by: – The net transfers in of $38.8 billion, substantially all of which related to the transfer of consolidated SIV debt in the first quarter of 2008, as the availability of observable inputs continued to decline due to the current crisis; offset by – $2.2 billion in gains recognized as credit spreads widened during the year; and – $34.3 billion decrease from net settlements/payments.\nIncluded in these settlements were $21 billion of payments made on maturing SIV debt and the replacement of $17 billion of non-recourse, consolidated SIV debt classified as Level 3 with Citigroup debt classified as Level 2.\nThis replacement occurred in connection with the purchase of the SIV assets by the Company in November 2008."}
{"_id": "d8e503d12", "title": "", "text": "APACHE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) The diluted EPS calculation excludes options and restricted shares that were anti-dilutive totaling 4.9 million, 4.4 million, and 2.5 million for the years ended December 31, 2013, 2012, and 2011, respectively.\nFor the year ended December 31, 2012, 14.3 million shares related to the assumed conversion of the Mandatory Convertible Preferred Stock were also anti-dilutive.\nStock Repurchase Program In May 2013, Apache’s Board of Directors authorized the purchase of up to 30 million shares of the Company’s common stock, valued at approximately $2 billion when first announced.\nShares may be purchased either in the open market or through privately held negotiated transactions.\nThe Company initiated the buyback program on June 10, 2013, with the repurchase of 2,924,271 shares at an average price of $85.47 during the month of June.\nDuring the fourth quarter of 2013, 8,297,648 shares were repurchased at an average price of $90.08.\nAn additional 2,393,917 shares were purchased subsequent to December 31, 2013 at an average cost of $84.67.\nThe Company anticipates that further purchases will primarily be made with proceeds from asset dispositions, but the Company is not obligated to acquire any specific number of shares.\nCommon Stock Dividend The Company paid common stock dividends of $0.77 per share in 2013, $0.66 per share in 2012, and $0.60 per share in 2011.\nStock Compensation Plans The Company has several stock-based compensation plans, which include stock options, stock appreciation rights, restricted stock, and conditional restricted stock unit plans.\nOn May 5, 2011, the Company’s shareholders approved the 2011 Omnibus Equity Compensation Plan (the 2011 Plan), which is intended to provide eligible employees with equity-based incentives.\nThe 2011 Plan provides for the granting of Incentive Stock Options, Non-Qualified Stock Options, Performance Awards, Restricted Stock, Restricted Stock Units, Stock Appreciation Rights, or any combination of the foregoing.\nA total of 27.3 million shares were authorized and available for grant under the 2011 Plan as of December 31, 2013.\nPreviously approved plans remain in effect solely for the purpose of governing grants still outstanding that were issued prior to approval of the 2011 Plan.\nAll new grants are issued from the 2011 Plan.\nFor 2013, 2012, and 2011, stock-based compensation expensed was $136 million, $167 million, and $113 million ($94 million, $119 million, and $73 million after tax), respectively.\nCosts related to the plans are capitalized or expensed based on the nature of each employee’s activities.\nA description of the Company’s stock-based compensation plans and related costs follows:"}
{"_id": "d86783c8e", "title": "", "text": "| At year end 2008 2007 | Tier 1 Capital | Total Capital (Tier 1 and Tier 2) | Leverage(1) | 2008 | Expected rate of return | Actual rate of return |"}
{"_id": "d89f336f2", "title": "", "text": "| 2008 2007 2006 | (In millions) | Revenue | Expenses | Impairment of goodwill and acquired intangible assets | Restructuring charges | Loss from discontinued operations |"}
{"_id": "d88ffb680", "title": "", "text": "Table 0\nCon Edison of New York\nTable 1\nO&R\nTable 2"}
{"_id": "d898cf6bc", "title": "", "text": "The unrecognized prior service cost (income) at December 31, 2015 was $9 million, $46 million, and $(7) million in the U. S. , U. K.  and Other plans, respectively.\nFor the U. S.  pension plans we use a market-related valuation of assets approach to determine the expected return on assets, which is a component of net periodic benefit cost recognized in the Consolidated Statements of Income.\nThis approach\nM&T BANK CORPORATION AND SUBSIDIARIES Notes to Financial Statements  (Continued) backed by trust preferred securities issued by financial institutions and other entities, and other debt securities having a cost basis of $157 million.\nBased on a review of each of the remaining securities in the investment securities portfolio at December 31, 2010, with the exception of the aforementioned securities for which other-than-temporary impairment losses were recognized, the Company concluded that it expected to recover the amortized cost basis of its investment.\nAs of December 31, 2010, the Company does not intend to sell nor is it anticipated that it would be required to sell any of its impaired investment securities.\nAt December 31, 2010, the Company has not identified events or changes in circumstances which may have a significant adverse effect on the fair value of the $413 million of cost method investment securities.\nAt December 31, 2010, investment securities with a carrying value of $4,762,579,000, including $3,500,392,000 of investment securities available for sale, were pledged to secure demand notes issued to the U. S.  Treasury, borrowings from various FHLBs, repurchase agreements, governmental deposits, interest rate swap agreements and available lines of credit as described in note 9.\nInvestment securities pledged by the Company to secure obligations whereby the secured party is permitted by contract or custom to sell or repledge such collateral totaled $1,937,817,000 at December 31, 2010.\nThe pledged securities included securities of the U. S.  Treasury and federal agencies and mortgagebacked securities.4.\nLoans and leases Total loans and leases outstanding were comprised of the following:"}
{"_id": "d87b64302", "title": "", "text": "Commissions Commissions revenue increased 4% to $442 million for the year ended December 31, 2016, compared to the same period in 2015.\nThe main factors that affect commissions revenue are DARTs, average commission per trade and the number of trading days.\nDARTs volume increased 6% to 164,134 for the year ended December 31, 2016, compared to the same period in 2015, mainly driven by increased trading activity related to OptionsHouse.\nDerivative DARTs represented 26% of trading volume for the year ended December 31, 2016, compared to 24% of trading volume for the same period in 2015.\nAverage commission per trade decreased 1% to $10.70 for the year ended December 31, 2016, compared to the same period in 2015.\nAverage commission per trade is impacted by customer mix, differing commission rates on various trade types (e. g.  equities, derivatives, stock plan and mutual funds), and the lower price structure for OptionsHouse customers."}
{"_id": "d889a7f18", "title": "", "text": "| High Low Close CashDividends Declared | 2009 Quarter | First | Second | Third | Fourth | Total | 2008 Quarter | First | Second | Third | Fourth | Total |"}
{"_id": "d8df060ea", "title": "", "text": "| December 31, | 2012 | Shareholders’ equity | Deduct: | Losses in other comprehensive income on available-for-sale debt securities and cash flow hedges, net of tax | Goodwill and other intangible assets, net of deferred tax liabilities | Subtotal | Deduct: | Disallowed servicing assets and deferred tax assets | Tier 1 common | Total risk-weighted assets | Tier 1 common ratio (Tier 1 common / Total risk-weighted assets) |"}
{"_id": "d87c97f12", "title": "", "text": "| 2014 Unrestricted/Securitized 2013 Unrestricted/Securitized | Due in months: | 0 – 12 | 13 – 24 | 25 – 36 | 37 – 48 | 49 – 60 | Thereafter | Total |"}
{"_id": "d8808fac0", "title": "", "text": "| 2005 High Low | Quarter ended March 31 | Quarter ended June 30 | Quarter ended September 30 | Quarter ended December 31 | 2004 | Quarter ended March 31 | Quarter ended June 30 | Quarter ended September 30 | Quarter ended December 31 | Maturity Date | 2013 | In thousands of dollars except for rates | Long-term Debt | Interest Rate | Grantor trusts | (in millions) | December 31, 2010 | Fixed maturities, available-for-sale | Fixed maturities, trading | Equity securities, trading | Other investments | Cash and cash equivalents | Accrued investment income | Premiums due and other receivables | Total assets | Deferred income taxes | Other liabilities -1 | Total liabilities | December 31, 2009 | Fixed maturities, available-for-sale | Fixed maturities, trading | Equity securities, trading | Cash and cash equivalents | Accrued investment income | Premiums due and other receivables | Total assets | Deferred income taxes | Other liabilities -1 | Total liabilities |"}
{"_id": "d8b8cce60", "title": "", "text": "Revenue Recognition Evergy recognizes revenue on the sale of electricity to customers over time as the service is provided in the amount it has the right to invoice.\nRevenues recorded include electric services provided but not yet billed by Evergy.\nUnbilled revenues are recorded for kWh usage in the period following the customers' billing cycle to the end of the"}
{"_id": "d8b33d99a", "title": "", "text": "| 2012 vs. 2011 2011 vs. 2010 | Supply source (GWh) | Nuclear generation(b) | Mid-Atlantic | Midwest | 139,862 | Fossil and renewables(b) | Mid-Atlantic(b)(d) | Midwest | New England | ERCOT(e) | Other Regions(f) | 31,839 | Purchased power | Mid-Atlantic(c) | Midwest | New England | New York(c) | ERCOT(e) | Other Regions(f) | 91,994 | Total supply by region(g) | Mid-Atlantic(h) | Midwest(i) | New England | New York | ERCOT | Other Regions(f) | Total supply |"}
{"_id": "d891f851e", "title": "", "text": "| Common Stock | Issued | (in millions) | Balance, December 31, 2012 | Common Stock issued | Common Stock acquired | Stock-based compensation programs-1 | Balance, December 31, 2013 | Common Stock issued | Common Stock acquired | Stock-based compensation programs-1 | Balance, December 31, 2014 | Common Stock issued | Common Stock acquired | Stock-based compensation programs-1 | Balance, December 31, 2015 |"}
{"_id": "d81b7d5ec", "title": "", "text": "Note 23 – Restrictions on cash and intercompany funds transfers JPMorgan Chase Bank’s business is subject to examination and regulation by the Office of the Comptroller of the Currency (OCC).\nThe Bank is a member of the Federal Reserve System and its deposits are insured by the Federal Deposit Insurance Corporation (FDIC).\nThe Federal Reserve Board requires depository institutions to maintain cash reserves with a Federal Reserve Bank.\nThe average amount of reserve balances deposited by the Firm’s bank subsidiaries with various Federal Reserve Banks was approximately $2.7 billion in 2005 and $3.8 billion in 2004.\nRestrictions imposed by federal law prohibit JPMorgan Chase and certain other affiliates from borrowing from banking subsidiaries unless the loans are secured in specified amounts.\nSuch secured loans to the Firm or to other affiliates are generally limited to 10% of the banking subsidiary’s total capital, as determined by the risk-based capital guidelines; the aggregate amount of all such loans is limited to 20% of the banking subsidiary’s total capital.\nThe principal sources of JPMorgan Chase’s income (on a parent company-only basis) are dividends and interest from JPMorgan Chase Bank and the other banking and nonbanking subsidiaries of JPMorgan Chase.\nIn addition to dividend restrictions set forth in statutes and regulations, the FRB, the OCC and the FDIC have authority under the Financial Institutions Supervisory Act to prohibit or to limit the payment of dividends by the banking organizations they supervise, including JPMorgan Chase and its subsidiaries that are banks or bank holding companies, if, in the banking regulator’s opinion, payment of a dividend would constitute an unsafe or unsound practice in light of the financial condition of the banking organization.\nAt January 1, 2006 and 2005, JPMorgan Chase’s bank subsidiaries could pay, in the aggregate, $7.4 billion and $6.2 billion, respectively, in dividends to their respective bank holding companies without prior approval of their relevant banking regulators.\nDividend capacity in 2006 will be supplemented by the banks’ earnings during the year.\nIn compliance with rules and regulations established by U. S.  and non-U. S.  regulators, as of December 31, 2005 and 2004, cash in the amount of $6.4 billion and $4.3 billion, respectively, and securities with a fair value of $2.1 billion and $2.7 billion, respectively, were segregated in special bank accounts for the benefit of securities and futures brokerage customers."}
{"_id": "d818cb43e", "title": "", "text": "The Company anticipates that it is reasonably possible that payments of approximately $2 million will be made primarily due to the conclusion of state income tax examinations within the next 12 months.\nAdditionally, certain state and foreign income tax returns will no longer be subject to examination and as a result, there is a reasonable possibility that the amount of unrecognized tax benefits will decrease by $7 million.\nAt December 31, 2007, there were $42 million of tax benefits that if recognized would affect the effective rate.\nThe Company recognizes interest accrued related to: (1) unrecognized tax benefits in Interest expense and (2) tax refund claims in Other revenues on the Consolidated Statements of Income.\nThe Company recognizes penalties in Income tax expense (benefit) on the Consolidated Statements of Income.\nDuring 2007, the Company recorded charges of approximately $4 million for interest expense and $2 million for penalties.\nProvision has been made for the expected U. S.  federal income tax liabilities applicable to undistributed earnings of subsidiaries, except for certain subsidiaries for which the Company intends to invest the undistributed earnings indefinitely, or recover such undistributed earnings tax-free.\nAt December 31, 2007, the Company has not provided deferred taxes of $126 million, if sold through a taxable sale, on $361 million of undistributed earnings related to a domestic affiliate.\nThe determination of the amount of the unrecognized deferred tax liability related to the undistributed earnings of foreign subsidiaries is not practicable.\nIn connection with a non-recurring distribution of $850 million to Diamond Offshore from a foreign subsidiary, a portion of which consisted of earnings of the subsidiary that had not previously been subjected to U. S.  federal income tax, Diamond Offshore recognized $59 million of U. S.  federal income tax expense as a result of the distribution.\nIt remains Diamond Offshore’s intention to indefinitely reinvest future earnings of the subsidiary to finance foreign activities.\nTotal income tax expense for the years ended December 31, 2007, 2006 and 2005, was different than the amounts of $1,601 million, $1,557 million and $639 million, computed by applying the statutory U. S.  federal income tax rate of 35% to income before income taxes and minority interest for each of the years."}
{"_id": "d8247e0ba", "title": "", "text": "Off-Balance Sheet Arrangements and Aggregate Contractual Obligations Off-Balance Sheet Arrangements: We do not have guarantees or other off-balance sheet financing arrangements that we believe are reasonably likely to have a current or future effect on our financial condition, changes in financial condition, revenue or expenses, results of operations, liquidity, capital expenditures, or capital resources.\nSee Note 14, Financing Arrangements, to the consolidated financial statements for a discussion of our accounts receivable securitization and factoring programs and other financing arrangements.\nAggregate Contractual Obligations: The following table summarizes our contractual obligations at December 30, 2017 (in millions):"}
{"_id": "d8e29e036", "title": "", "text": "permit, the company is required to investigate the property and, where environmental contamination is found and action is necessary, to conduct corrective action to remediate the contamination.\nThe company has investigated various sections of the property and is performing additional investigations.\nThe company has submitted to the NYSDEC and the New York State Department of Health reports and in the future will be submitting additional reports identifying the known areas of contamination.\nThe company estimates that its undiscounted potential liability for the completion of the site investigation and cleanup of the known contamination on the property could range from $152 million to $451 million.\nFlushing Service Center Site The owner of a former CECONY service center facility in Flushing, New York, informed the company that PCB contamination had been detected on a substantial portion of the property, which the owner remediated pursuant to the New York State Brownfield Cleanup Program administered by the NYSDEC and has redeveloped for residential and commercial use.\nThe property owners claim against the company for its environmental response costs for the site has been resolved.\nIn September 2007, the NYSDEC demanded that the company investigate and remediate PCB contamination that may have migrated into the adjacent Flushing River from the site.\nIn April 2008, the company and NYSDEC entered into a consent order under which the company has agreed to implement a NYSDECapproved investigation program for the Flushing River and, if deemed necessary by the NYSDEC to protect human health and the environment from such contamination, to implement a NYSDEC-approved remediation program for any PCB contamination in the river attributable to the site.\nIn March 2011, the company submitted to NYSDEC a report indicating that PCBs had migrated from the site to sediment in a portion of the river.\nIn August 2013, the NYSDEC selected a remedy that requires the company to submit a remedial design report, remove contaminated sediment, restore the river bed with clean material, prepare a site management plan and implement institutional controls.\nThe company estimates that its undiscounted potential liability for the completion of the cleanup in Flushing River will be at least $5.4 million.\nGowanus Canal In August 2009, CECONY received a notice of potential liability and request for information from the EPA about the operations of the company and its predecessors at sites adjacent or near the 1.8 mile Gowanus Canal in Brooklyn, New York.\nIn March 2010, the EPA added the Gowanus Canal to its National Priorities List of Superfund sites.\nThe canals adjacent waterfront is primarily commercial and industrial, currently consisting of concrete plants, warehouses, and parking lots, and the canal is near several residential neighborhoods.\nIn September 2013, the EPA issued its record of decision for the site.\nThe EPA concluded that there was significant contamination at the site, including polycyclic aromatic hydrocarbons, polychlorinated biphenyls (PCBs), pesticides, metals, and volatile organic compounds.\nThe EPA selected a remedy for the site that includes dredging and disposal of some contaminated sediments and stabilization and capping of contamination that will not be removed.\nThe EPA estimated the cost of the selected remedy to be $506.1 million (and indicated the actual cost could be significantly higher or lower).\nThe EPA has identified 35 potentially responsible parties (PRPs) with respect to the site, including CECONY (which the EPA indicated has facilities that may be a source of PCBs at the site).\nThe EPA is expected to order certain of the PRPs, including CECONY, to coordinate and cooperate with each other to perform and/or fund the remedial design for the selected remedy.\nCECONY is unable to predict its exposure to liability with respect to the Gowanus Canal site.\nOther Superfund Sites CECONY is a potentially responsible party (PRP) with respect to other Superfund sites where there are other PRPs and where it is generally not responsible for managing the site investigation and remediation.\nWork at these sites is in various stages, with the company participating in PRP groups at some of the sites.\nInvestigation, remediation and monitoring at some of these sites have been, and are expected to continue to be, conducted over extended periods of time.\nThe company does not believe that it is reasonably likely that monetary sanctions, such as penalties, will be imposed upon it by any governmental authority with respect to these sites.\nThe following table lists each of CECONYs other Superfund sites for which the company anticipates it may have a liability.\nThe table also shows for each such site, its location, the year in which the company was designated or alleged to be a PRP or to otherwise have responsibilities with respect to the site (shown in the table under Start), the name of the court or agency in which proceedings with respect to the site are pending and CECONYs estimated percentage of total liability for each site.\nThe company currently estimates that its potential liability for investigation, remediation, monitoring and environmental damages at each site is $0.2 million or less, with the exception of the Cortese Landfill site for which the estimate is $1 million.\nSuperfund liability is joint and several.\nThe companys estimate of its liability for each site was determined pursuant to consent decrees, settlement agreements or otherwise and in light of the financial condition of other PRPs.\nThe companys actual liability could differ substantially from amounts estimated."}
{"_id": "d82729c1a", "title": "", "text": "| Pension Postretirement | U.S. Plans | For the Year Ended December 31, 2018 | Discount rate | Rate of compensation increase | Expected return on assets | For the Year Ended December 31, 2017 | Discount rate | Rate of compensation increase | Expected return on assets | For the Year Ended December 31, 2016 | Discount rate | Rate of compensation increase | Expected return on assets |"}
{"_id": "d881c82c0", "title": "", "text": "| Year Ended December 31, | 2011 | (millions) | Other Revenues | 2011 | (millions) | Production Expense | Exploration Expense | Depreciation, Depletion and Amortization | General and Administrative | Gain on Divestitures | Asset Impairments | Other Operating Expense, Net | Total |"}
{"_id": "d8d259c0c", "title": "", "text": "Shareholders Equity The Company has a share repurchase program in place to return excess capital to shareholders.\nDuring the twelve months ended December 31, 2008, 2007 and 2006 the Company repurchased a total of 12.7 million, 15.9 million and 10.7 million shares, respectively, of its common stock at an average price of $48.26, $59.59 and $44.12, respectively.\nAs of December 31, 2008, the Company had approximately $1.3 billion remaining under a share repurchase authorization.\nIn light of the current market environment, the Company has temporarily suspended its stock repurchase program.\nThe Company may also reacquire shares of its common stock under its 2005 ICP related to restricted stock awards.\nRestricted shares that are forfeited before the vesting period has lapsed are recorded as treasury shares.\nIn addition, the holders of restricted shares may elect to surrender a portion of their shares on the vesting date to cover their income tax obligations.\nThese vested restricted shares reacquired by the Company and the Companys payment of the holders income tax obligations are recorded as a treasury share purchase.\nThe restricted shares forfeited under the 2005 ICP and recorded as treasury shares were 0.3 million shares in each of the years ended December 31, 2008, 2007 and 2006.\nFor the years ended December 31, 2008 2007 and 2006, the Company reacquired 0.5 million, 0.5 million and 0.4 million shares, respectively, of its common stock through the surrender of restricted shares upon vesting and paid in the aggregate $24 million, $29 million and $20 million, respectively, related to the holders income tax obligations on the vesting date.\nDuring the twelve months ended December 31, 2008, the Company reissued 1.8 million treasury shares for restricted stock award grants and the issuance of shares vested under the P2 Deferral Plan and the Transition and Opportunity Bonus (T&O Bonus) program.\nIn 2005, the Company awarded bonuses to advisors under the T&O Bonus program which were converted to 2.0 million share-based awards under the 2005 ICP.\nThe awards had all been issued as of December 31, 2008."}
{"_id": "d8e586726", "title": "", "text": "| Fiscal Year Ended | (In millions) | Cash Flows Provided By (Used In) | Net cash provided by operating activities | Net cash used in investing activities | Net cash used in financing activities | Exchange rate changes | Change in cash and cash equivalents |"}
{"_id": "d86b7bfee", "title": "", "text": "| Percent change | years ended December 31 (in millions) | Research and development | as a % of net sales | Acquired in-process research and development |"}
{"_id": "d870403f4", "title": "", "text": "| Branches | Florida | Tennessee | Alabama | Mississippi | Georgia | Louisiana | Arkansas | Texas | Missouri | Indiana | Illinois | South Carolina | Kentucky | Iowa | North Carolina | Total | 2017 | (In millions, except per share data) | EARNINGS SUMMARY | Interest income, including other financing income | Interest expense and depreciation expense on operating lease assets | Net interest income and other financing income | Provision for loan losses | Net interest income and other financing income after provision for loan losses | Non-interest income | Non-interest expense | Income from continuing operations before income taxes | Income tax expense | Income from continuing operations | Income (loss) from discontinued operations before income taxes | Income tax expense (benefit) | Income (loss) from discontinued operations, net of tax | Net income | Net income from continuing operations available to common shareholders | Net income available to common shareholders | Earnings per common share from continuing operations – basic | Earnings per common share from continuing operations – diluted | Earnings per common share – basic | Earnings per common share – diluted | Return on average common stockholders' equity | Return on average tangible common stockholders’ equity (non-GAAP)(1) | Return on average assets from continuing operations | BALANCE SHEET SUMMARY | As of December 31 | Loans, net of unearned income | Allowance for loan losses | Assets | Deposits | Long-term debt | Stockholders’ equity | Average balances | Loans, net of unearned income | Assets | Deposits | Long-term debt | Stockholders’ equity | SELECTED RATIOS | Basel I Tier 1 common regulatory capital (non-GAAP)(3) | Basel III common equity Tier 1 ratio-2 | Basel III common equity Tier 1 ratio—Fully Phased-In Pro-Forma (non-GAAP)(1)(2)(3) | Tier 1 capital-2(3)(4) | Total capital-2(3)(4) | Leverage capital-2(3)(4) | Tangible common stockholders’ equity to tangible assets (non-GAAP)(1) | Efficiency ratio | Adjusted efficiency ratio (non-GAAP)(1) |"}
{"_id": "d8d72ebec", "title": "", "text": "| 2013 2012 2011 | Rent expense | Less: sublease income | Net rent expense |"}
{"_id": "d8b52dc3c", "title": "", "text": "| Fiscal2012 Fiscal2011 Fiscal2010 | Financial Management Solutions | Employee Management Solutions | Payment Solutions | Consumer Tax | Accounting Professionals | Financial Services |"}
{"_id": "d8721b066", "title": "", "text": "| Payments due by period | Contractual Obligations | Operating Leases | Purchase Obligations | Total |"}
{"_id": "d8904be0a", "title": "", "text": "| 2009 Level 1 Level 2 Level 3 Total | (In Millions) | Assets: | Temporary cash investments | Decommissioning trust funds: | Equity securities | Debt securities | Power contracts | Securitization recovery trust account | Gas hedge contracts | Other investments | $2,658 | 2008 | (In Millions) | Assets: | Temporary cash investments | Decommissioning trust funds | Power contracts | Securitization recovery trust account | Other investments | $2,360 | Liabilities: | Gas hedge contracts |"}
{"_id": "d86cf71ca", "title": "", "text": "In December 2002, a net charge of $3,081 million ($5.30 per share).\nOn December 10, 2002, Schlumberger announced that the Board of Directors had approved an updated strategy for its SchlumbergerSema business segment.\nThe new strategic plan outlook, current business values and the reorganization of SchlumbergerSema constitute significant events that required an impairment analysis to be performed in accordance with FAS 142.\nSchlumbergerSema was valued on a stand-alone basis; each reporting unit within SchlumbergerSema\nthe capability of existing Q-Land* systems and is currently acquiring data from 53,000 live point-receiver channels in conjunction with the WesternGeco DX-80* Desert Explorer with MD Sweep* technology introduced the previous year.\nThe outlook for 2010 remains largely dependent on the prospects for the general economy.\nAt the end of the third quarter of 2009, we indicated that we were encouraged that signs were emerging that demand for oil and gas would begin to increase.\nConsensus forecasts now predict that oil demand in 2010 will increase, particularly in the developing world, for the first time since 2007.\nAs a result we feel that oil prices are likely to be sustained at current levels and that as our customers confidence grows, their exploration and production budgets will increase.\nWe feel that considerable leverage to increase investment exists in offshore markets, in Russia, as well as in certain emerging investment opportunities such as Iraq.\nThese events will be dependent on continued increases in economic growth in the second half of the year beyond the current government stimulus packages.\nFor natural gas activity we remain a great deal more cautious.\nDespite signs of some recovery in industrial demand as well as the recent cold weather, we consider that markets remain generally oversupplied.\nIncreased LNG flows together with further capacity being added in 2010, as well as the general uncertainty over the decline rates of unconventional gas production, have the potential to limit the current increase in the North American gas drilling rig count.\nWe anticipate that 2010 will be a better year for multiclient seismic, and for activity in land seismic particularly in Middle East and North Africa.\nWhile Marine activity is expected to be reasonably robust, pricing improvements will be limited due to continued new capacity additions.\nLonger term we remain confident that considerably increased spending will be necessary to maintain sufficient reserves and production of hydrocarbons to meet the worlds needs.\nOur technology portfolio and worldwide infrastructure mean we are strongly positioned to capture growth opportunities as our customers begin to increase their investment.\nThe following discussion and analysis of results of operations should be read in conjunction with the Consolidated Financial Statements.\nFourth Quarter 2009 Results"}
{"_id": "d866fc9dc", "title": "", "text": "| 12/28/2013 12/27/2014 12/26/2015 12/31/2016 12/30/2017 12/29/2018 | Tractor Supply Company | S&P 500 | S&P Retail Index |"}
{"_id": "d899fdba6", "title": "", "text": "| December 31, 2016 | Lowest Rating Agency Rating | AAA | (in millions) | Collateralized by sub-prime mortgages-1 | Collateralized loan obligations | Collateralized by education loans-2 | Collateralized by credit cards | Collateralized by auto loans | Other asset-backed securities-3 | Total asset-backed securities-4 |"}
{"_id": "d81a4d4e2", "title": "", "text": "Management Fees We provide a broad range of investment management strategies, specialized investment management advisory services and other financial services for corporations, public funds, and other sophisticated investors.\nThese services are offered through SSgA.\nBased upon assets under management, SSgA is the largest manager of institutional assets worldwide, the largest manager of assets for tax-exempt organizations (primarily pension plans) in the United States, and the third largest investment manager overall in the world.\nSSgA offers a broad array of investment management strategies, including passive and active, such as enhanced indexing and hedge fund strategies, using quantitative and fundamental methods for both U. S.  and global equities and fixed income securities.\nSSgA also offers exchange traded funds, or ETFs, such as the SPDR?\nDividend ETFs.\nThe 10% decrease in management fees from 2007 primarily resulted from declines in average month-end equity market valuations and lower performance fees.\nAverage month-end equity market valuations, individually presented in the above “INDEX” table, were down an average of 18% compared to 2007.\nThe decrease in performance fees from $72 million in 2007 to $21 million in 2008 was generally the result of reduced levels of assets under management subject to performance fees, and somewhat lower relative performance measured against specified benchmarks during 2008.\nManagement fees generated from customers outside the United States were approximately 40% of total management fees for 2008, down slightly from 41% for 2007.\nAt year-end 2008, assets under management were $1.44 trillion, compared to $1.98 trillion at year-end 2007.\nWhile certain management fees are directly determined by the value of assets under management and the investment strategy employed, management fees reflect other factors as well, including our relationship pricing for customers who use multiple services, and the benchmarks specified in the respective management agreements related to performance fees.\nAccordingly, no direct correlation necessarily exists between the value of assets under management, market indices and management fee revenue.\nThe overall decrease in assets under management at December 31, 2008 compared to December 31, 2007 resulted from declines in market valuations and from a net loss of business, with declines in market valuations representing the substantial majority of the decrease.\nDuring 2008, we experienced an aggregate net loss of business of approximately $55 billion, compared to net new business of approximately $116 billion during 2007.\nOur levels of assets under management were affected by a number of factors, including investor issues related to SSgA’s active fixed-income strategies and the relative under-performance of certain of our passive equity products.\nThe net loss of business of $55 billion for 2008 did not reflect new business awarded to us during 2008 that had not been installed prior to December 31, 2008.\nThis new business will be reflected in assets under management in future periods after installation.\nAssets under management consisted of the following at December 31:"}
{"_id": "d8622c83a", "title": "", "text": "| As of December 31, | Description | Commercial Paper | The Hartford | HLI | Total commercial paper | Revolving Credit Facility | 5-year revolving credit facility | 3-year revolving credit facility | Total revolving credit facility | Total Outstanding CommercialPaper and Revolving Credit Facilities |"}
{"_id": "d889b208a", "title": "", "text": "Overview Exploration and Production Prevailing prices for the various grades of crude oil and natural gas that we produce significantly impact our revenues and cash flows.\nPrices were volatile in 2009, but not as much as in the previous year.\nPrices in 2009 were also lower than in recent years as illustrated by the annual averages for key benchmark prices below."}
{"_id": "d870978fc", "title": "", "text": "The changes in fair values of these mortgage loans are reported in Other revenue in the Company’s Consolidated Statement of Income.\nThe changes in fair value during the years ended December 31, 2009 and 2008 due to instrument-specific credit risk resulted in a $10 million loss and $32 million loss, respectively.\nRelated interest income continues to be measured based on the contractual interest rates and reported as such in the Consolidated Statement of Income.\nMortgage servicing rights The Company accounts for mortgage servicing rights (MSRs) at fair value.\nFair value for MSRs is determined using an option-adjusted spread valuation approach.\nThis approach consists of projecting servicing cash flows under multiple interest-rate scenarios and discounting these cash flows using risk-adjusted rates.\nThe model assumptions used in the valuation of MSRs include mortgage prepayment speeds and discount rates.\nThe fair value of MSRs is primarily affected by changes in prepayments that result from shifts in mortgage interest rates.\nIn managing this risk, the Company hedges a significant portion of the values of its MSRs through the use of interest-rate derivative contracts, forward-purchase commitments of mortgage-backed securities, and purchased securities classified as trading.\nSee Note 23 to the Consolidated Financial Statements for further discussions regarding the accounting and reporting of MSRs.\nThese MSRs, which totaled $6.5 billion and $5.7 billion as of December31, 2009 and 2008, respectively, are classified as Mortgage servicing rights on Citigroup’s Consolidated Balance Sheet.\nChanges in fair value of MSRs are recorded in Commissions and fees in the Company’s Consolidated Statement of Income."}
{"_id": "d8d2dc8f0", "title": "", "text": "| 2013 $28.7 | 2014 | 2015 | 2016 | 2017 | Thereafter | Total |"}
{"_id": "d8794022e", "title": "", "text": "| 2011 2010 2009 | Rent expense | Less: sublease income | Net rent expense |"}
{"_id": "d8882d5a2", "title": "", "text": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Union Pacific Corporation and Subsidiary Companies For purposes of this report, unless the context otherwise requires, all references herein to the “Corporation”, “Company”, “UPC”, “we”, “us”, and “our” mean Union Pacific Corporation and its subsidiaries, including Union Pacific Railroad Company, which will be separately referred to herein as “UPRR” or the “Railroad”.1.\nNature of Operations Operations and Segmentation – We are a Class I railroad operating in the U. S.  Our network includes 32,084 route miles, linking Pacific Coast and Gulf Coast ports with the Midwest and Eastern U. S.  gateways and providing several corridors to key Mexican gateways.\nWe own 26,064 miles and operate on the remainder pursuant to trackage rights or leases.\nWe serve the western two-thirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the Atlantic Coast, the Pacific Coast, the Southeast, the Southwest, Canada, and Mexico.\nExport and import traffic is moved through Gulf Coast and Pacific Coast ports and across the Mexican and Canadian borders.\nThe Railroad, along with its subsidiaries and rail affiliates, is our one reportable operating segment.\nAlthough we provide and analyze revenue by commodity group, we treat the financial results of the Railroad as one segment due to the integrated nature of our rail network.\nThe following table provides freight revenue by commodity group:"}
{"_id": "d88c17294", "title": "", "text": "| (In Millions) | 2003 net revenue | Price applied to unbilled sales | Deferred fuel cost revisions | Rate refund provisions | Volume/weather | Summer capacity charges | Other | 2004 net revenue |"}
{"_id": "d8dbbb796", "title": "", "text": "The fair value of our total investments increased $4.8 billion during 2010, primarily due to unrealized appreciation, the investing of operating cash flows, and the portfolios acquired in the 2010 corporate acquisitions.\nThe following tables show the market value of our fixed maturities and short-term investments at December 31, 2010 and 2009.\nThe first table lists investments according to type and the second according to S&P credit rating."}
{"_id": "d8a5cb9f6", "title": "", "text": "Entergy Corporation and Subsidiaries Notes to Financial Statements 116 for 2015 are for Tranche A-1 and $27.4 million are for Tranche A-2, and all of the scheduled principal payments for 2016 are for Tranche A-2.\nWith the proceeds, Entergy Texas Restoration Funding purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.\nThe transition property is reflected as a regulatory asset on the consolidated Entergy Texas balance sheet.\nThe creditors of Entergy Texas do not have recourse to the assets or revenues of Entergy Texas Restoration Funding, including the transition property, and the creditors of Entergy Texas Restoration Funding do not have recourse to the assets or revenues of Entergy Texas.\nEntergy Texas has no payment obligations to Entergy Texas Restoration Funding except to remit transition charge collections.\nEntergy New Orleans Affiliate Notes Pursuant to its plan of reorganization, in May 2007 Entergy New Orleans issued notes due in three years in satisfaction of its affiliate prepetition accounts payable (approximately $74 million, including interest), including its indebtedness to the Entergy System money pool.\nIn May 2010, Entergy New Orleans repaid, at maturity, the notes payable.\nNOTE 6.\nPREFERRED EQUITY (Entergy Corporation, Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans) The number of shares and units authorized and outstanding and dollar value of preferred stock, preferred membership interests, and minority interest for Entergy Corporation subsidiaries as of December 31, 2011 and 2010 are presented below.\nAll series of the Utility preferred stock are redeemable at the option of the related company."}
{"_id": "d8a7a7fb8", "title": "", "text": "| Years ended December 31 2007 2006 2005 | Interest paid (millions) | Weighted-average interest rates — short-term borrowings |"}
{"_id": "d877bdd2a", "title": "", "text": "| Year ended December 31, 2007 Year ended December 31, 2006 | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Total investment income |"}
{"_id": "d876fa14a", "title": "", "text": "| December 31, (in millions) 2018 2017 | Residential real estate – excluding PCI | Residential mortgage | Home equity | Other consumer loans | Auto | Consumer & Business Banking | Residential real estate – PCI | Home equity | Prime mortgage | Subprime mortgage | Option ARMs | Total retained loans |"}
{"_id": "d894f00be", "title": "", "text": "| Total Less than1 Year 1-3 Years 3-5 Years More than5 Years | Contractual obligations | Long-term debt-1 | Capital lease obligations-2 | Operating leases-3 | Purchase obligations-4 | Other long-term obligations-5 | Total |"}
{"_id": "d8f67caee", "title": "", "text": "| Years Ended December 31, | 2014 | (in millions) | RiverSource Life | Statutory net gain from operations-1 | Statutory net income-1 | IDS Property Casualty | Statutory net income (loss) |"}
{"_id": "d8eda63f2", "title": "", "text": "CONSOLIDATED RESULTS OF OPERATIONS This following section provides a comparative discussion of JPMorgan Chases Consolidated Results of Operations on a reported basis for the three-year period ended December 31, 2010.\nFactors that related primarily to a single business segment are discussed in more detail within that business segment.\nFor a discussion of the Critical Accounting Estimates used by the Firm that affect the Consolidated Results of Operations, see pages 149 154 of this Annual Report."}
{"_id": "d8e69ffd6", "title": "", "text": "| % B/(W) | Income/(Expense) | Corporate and unallocated G&A | Unallocated restaurant costs | Unallocated Franchise and license fees and income | Unallocated Franchise and license expenses | Refranchising gain (loss) (See Note 5) | Unallocated Other income (expense) | Other pension income (expense) (See Note 15) | Interest expense, net | Income tax provision (See Note 18) | Effective tax rate (See Note 18) | Gains/(Losses) Recognized in AOCI | 2017 | Interest rate swaps | Foreign currency contracts | Income tax benefit/(expense) |"}
{"_id": "d86eeb36e", "title": "", "text": "| Year Ended | December 31, 2007 | % of | $ | (In millions, except percentages) | North America | Europe/Africa | Asia/Australia | Rest of World | Name | Equity Investments | KEPCO | Polyplastics Co., Ltd. | Fortron Industries LLC | Cost Investments | National Methanol Co. | Kunming Cellulose Fibers Co. Ltd. | Nantong Cellulose Fibers Co. Ltd. | Zhuhai Cellulose Fibers Co. Ltd. |"}
{"_id": "d88cba99e", "title": "", "text": "| Proved propertiesa $12,205 | Unproved propertiesb | Exploration costs | Development costs | $24,820 |"}
{"_id": "d8d9ffb6e", "title": "", "text": "One of our primary goals is for all of our restaurants to continue serving meats that are raised to meet our standards, but we have and will continue to face challenges in doing so.\nSome of our restaurants served conventionally raised beef for short periods during 2012 and the beginning of 2013, and more of our restaurants may periodically serve conventionally raised meats in the future due to supply constraints.\nWhen we become aware that one or more of our restaurants will serve conventionally raised meat, we clearly and specifically disclose this temporary change on signage in each affected restaurant, so that customers can avoid those meats if they choose to do so.\nOur food costs increased in 2012 as a result of inflationary pressures on many of our ingredients, particularly beef, chicken, and rice, and initiatives to improve the taste and quality of our food.\nThe increase was partially offset by the impact of menu price increases and relief in avocado prices.\nWe expect that food cost inflation will continue in 2013 and that our food costs as a percentage of revenue will increase.\nIf food inflation continues to pressure food costs, we may, after taking into account the general economic environment, consumer confidence, and our sales trends, raise menu prices later in 2013."}
{"_id": "d8b20367e", "title": "", "text": "| December 31, 2012 December 31, 2011 | In millions | Total securities available for sale (a) | Total securities held to maturity | Total securities |"}
{"_id": "d8cc5e992", "title": "", "text": "| Plan Category Number of shares of class A common stock to be issued upon exercise of outstanding options,warrants and rights (a) Weighted-average exercise price of outstanding options, warrants and rights (b) Number of shares of  class A  common stock  remaining available for future issuance under equity compensation plans (excludingshares reflected in column (a)) (c) | Equity compensation plans approved by stockholders | Equity compensation plans not approved by stockholders | Total |"}
{"_id": "d88dacb5e", "title": "", "text": "RENTALS AND LEASES The Company leases sales and administrative office facilities, distribution centers, research and manufacturing facilities, as well as vehicles and other equipment under operating leases.\nTotal rental expense under the Company’s operating leases was $221 million in both 2016 and 2015 and $237 million in 2014.\nAs of December 31, 2016, identifiable future minimum payments with non-cancelable terms in excess of one year were:"}
{"_id": "d8a994c18", "title": "", "text": "| Cash FlowsMillions of Dollars 2006 2005 2004 | Cash provided by operating activities | Cash used in investing activities | Cash used in financing activities | Net change in cash and cash equivalents |"}
{"_id": "d8b0249d4", "title": "", "text": "| At July 31, 2017 At July 31, 2016 | (In millions) | Cash equivalents: | In cash and cash equivalents | In funds held for customers | Total cash and cash equivalents | Available-for-sale securities: | In investments | In funds held for customers | In long-term investments | Total available-for-sale securities |"}
{"_id": "d8159e342", "title": "", "text": "Table V Allowance for Credit Losses\n(1) Includes U. S.  small business commercial charge-offs of $282 million, $345 million, $457 million, $799 million and $1.1 billion in 2015, 2014, 2013, 2012 and 2011, respectively.\n(2) Includes U. S.  small business commercial recoveries of $57 million, $63 million, $98 million, $100 million and $106 million in 2015, 2014, 2013, 2012 and 2011, respectively.\n(3) Primarily represents the net impact of portfolio sales, consolidations and deconsolidations, and foreign currency translation adjustments.\nIn addition, the 2011 amount includes a $449 million reduction in the allowance for loan and lease losses related to Canadian consumer card loans that were transferred to LHFS.\n(4) Primarily represents accretion of the Merrill Lynch purchase accounting adjustment and the impact of funding previously unfunded positions."}
{"_id": "d8cf13c00", "title": "", "text": "Other Post-retirement Benefits"}
{"_id": "d8cbe89fe", "title": "", "text": "various factors, including our earnings, financial condition, capital requirements, level of indebtedness and other considerations our board of directors deems relevant.\nFuture debt obligations and statutory provisions, among other things, may limit, or in some cases prohibit, our ability to pay dividends.\nShare Repurchase Program In 2011, the Companys board of directors approved an initial authorization for the Company to repurchase shares of its outstanding common stock of $100 million and approved additional authorizations of $100 million in each of 2012, 2013, 2014, 2015, and February 2016 for a total authorization of $600 million.\nThe program permits the Company to purchase shares through a variety of methods, including in the open market or through privately negotiated transactions, in accordance with applicable securities laws.\nIt does not obligate the Company to make any repurchases at any specific time or situation.\nFor the year ended December 31, 2016, the Company purchased 947,786 shares of common stock at an average cost per share of $63.83, totaling $60.5 million in purchases under the program.\nSince inception of the program, the Company purchased 10,947,401 shares of common stock at an average cost per share of $45.95, totaling $503.0 million in purchases under the program.\nAs of December 31, 2016, the Company had $97 million of availability remaining under its existing share repurchase authorizations."}
{"_id": "d8d73ede4", "title": "", "text": "| December 31, 2015 | Debt (inclusive of discount) | Revolving Credit Facility-1 | Term Loan-1 | 6% Senior Notes due 2020 (the \"6% Notes due 2020\")(2)(3)(4) | 61/8% CAD Senior Notes due 2021 (the \"CAD Notes due 2021\")(2)(5) | 61/8% GBP Senior Notes due 2022 (the \"GBP Notes\")(2)(4)(6) | 6% Senior Notes due 2023 (the \"6% Notes due 2023\")(2)(3) | 53/4% Senior Subordinated Notes due 2024 (the \"53/4% Notes\")(2)(3) | Real Estate Mortgages, Capital Leases and Other-7 | Accounts Receivable Securitization Program-8 | Total Long-term Debt | Less Current Portion | Long-term Debt, Net of Current Portion |"}
{"_id": "d8b62739a", "title": "", "text": "| Total 2011 2012-2013 2014-2015 Beyond  2015 No  Expiration  Date | Purchase obligations-1 | Operating lease obligations | Equity funding commitments-2 | Total commitments | Loan payable to banks | Capital lease obligations-3 | Otherlong-term liabilities-4(5) | Total recorded liabilities | Total |"}
{"_id": "d8cd3492a", "title": "", "text": "| For the years ended December 31, | 2013 | (In millions) | Water service | Residential | Commercial | Industrial | Public and other | Total water services | Wastewater services | Total |"}
{"_id": "d864b4dfa", "title": "", "text": "AIG also has a risk concentration through the investment portfolios of its insurance companies in the U. S.  municipal sector.\nAIG holds approximately $45.6 billion (amortized cost) of tax-exempt and taxable securities, $5.9 billion of which are pre-refunded, issued by a wide number of municipal authorities across the U. S.  and its territories.\nA majority of these securities are held in available-for-sale portfolios of AIGs domestic propertycasualty insurance companies.\nThese securities are comprised of the general obligations of states and local governments, revenue bonds issued by these same governments and bonds issued by transportation authorities, universities, state housing finance agencies and hospital systems.\nThe weighted average credit quality of these issuers is A.  AIG has $985 million of additional exposure to the municipal sector outside of its insurance company portfolios.\nCurrently, several states, local governments and other issuers are facing pressures on their budgets from the effects of the recession and have had to cut spending, raise taxes and fees and draw on reserve funds.\nConsequently, several municipal issuers in AIGs portfolios have been downgraded one or more notches by the major nationally recognized statistical rating agencies.\nThe most notable of these issuers is the State of California, of which AIG holds approximately $748.1 million of general obligation bonds, $44.9 million of which are pre-refunded, and the state of Illinois, of which AIG holds approximately $238 million, $69 million of which are pre-refunded.\nAIG has credit exposure to several European sovereign governments whose ratings have been downgraded or placed under review in recent months by one or more major rating agencies.\nThe downgrades primarily reflect the large government budget deficits and rising government debt to GDP ratios of these countries.\nAt December 31, 2010, AIGs exposure to the governments of Portugal, Ireland, Italy, Spain and Hungary, amounted to $1.1 billion.\nFour of these five governments experienced rating downgrades during 2010."}
{"_id": "d8271c6e6", "title": "", "text": "Order of Investigation,"}
{"_id": "d868d9700", "title": "", "text": "| 2017 2016 2015 | Year endedDecember 31,(in millions, except ratios) | Other income | Total noninterest revenue | Net interest income | Total net revenue | Pre-provision profit | Income before income tax expense | Income tax expense | Overhead ratio |"}
{"_id": "d8a569968", "title": "", "text": "In March 2017, the federal district court denied plaintiffs’ motion for class certification in the two pending class action cases.\nThe plaintiffs appealed that decision to the U. S.  Court of Appeals for the Ninth Circuit, which has accepted the matter for hearing.\nIn June 2017, an unaffiliated company that is also a defendant in these cases filed for bankruptcy, which could increase the risk of loss to CMS Energy.\nThese cases involve complex facts, a large number of similarly situated defendants with different factual positions, and multiple jurisdictions.\nPresently, any estimate of liability would be highly speculative; the amount of CMS Energy’s reasonably possible loss would be based on widely varying models previously untested in this context.\nIf the outcome after appeals is unfavorable, these cases could negatively affect CMS Energy’s liquidity, financial condition, and results of operations.\nBay Harbor: CMS Land retained environmental remediation obligations for the collection and treatment of leachate, a liquid consisting of water and other substances, at Bay Harbor after selling its interests in the development in 2002.\nLeachate is produced when water enters into cement kiln dust piles left over from former cement plant operations at the site.\nIn 2012, CMS Land and the MDEQ finalized an agreement that established the final remedies and the future water quality criteria at the site.\nCMS Land completed all construction necessary to implement the remedies required by the agreement and will continue to maintain and operate a system to discharge treated leachate into Little Traverse Bay under an NPDES permit issued in 2010 and renewed in October 2016.\nThe renewed NPDES permit is valid through September 2020.\nVarious claims have been brought against CMS Land or its affiliates, including CMS Energy, alleging environmental damage to property, loss of property value, insufficient disclosure of environmental matters, breach of agreement relating to access, or other matters.\nCMS Land and other parties have received a demand for payment from the EPA in the amount of $8 million, plus interest and costs.\nThe EPA is seeking recovery under CERCLA of response costs allegedly incurred at Bay Harbor.\nThese costs exceed what was agreed to in a 2005 order between CMS Land and the EPA, and CMS Land has communicated to the EPA that it does not believe that this is a valid claim.\nThe EPA has filed a lawsuit to collect these costs.\nAt December 31, 2017, CMS Energy had a recorded liability of $48 million for its remaining obligations for environmental remediation.\nCMS Energy calculated this liability based on discounted projected costs, using a discount rate of 4.34 percent and an inflation rate of one percent on annual operating and maintenance costs.\nThe undiscounted amount of the remaining obligation is $61 million.\nCMS Energy expects to pay the following amounts for long-term liquid disposal and operating and maintenance costs in each of the next five years:"}
{"_id": "d86bb7382", "title": "", "text": "| 12/31/2009 12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014 | HUM | S&P 500 | Peer Group |"}
{"_id": "d880432f6", "title": "", "text": "| Years Ended December 31, | 2013 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest and debt expense | General and administrative expense | Total expenses | Operating loss |"}
{"_id": "d8ecb5e20", "title": "", "text": "| As of April 30, 2018 April 30, 2017 | Short-term | Moody's-1 | S&P |"}
{"_id": "d86249124", "title": "", "text": "| 2010 2009 2008 | Long-term debt | Short-term debt | Interest income | Interest capitalized | $160.4 |"}
{"_id": "d89412e26", "title": "", "text": "| Fiscal Year | In Millions | Net earnings, including earnings attributable to redeemable and noncontrollinginterests | Depreciation and amortization | After-taxearnings from joint ventures | Distributions of earnings from joint ventures | Stock-based compensation | Deferred income taxes | Pension and other postretirement benefit plan contributions | Pension and other postretirement benefit plan costs | Divestitures loss | Restructuring, impairment, and other exit costs | Changes in current assets and liabilities, excluding the effects of acquisitions anddivestitures | Other, net | Net cash provided by operating activities |"}
{"_id": "d8a28fbb6", "title": "", "text": "the Green Giant brand intangible asset as of May 31, 2015, and determined that the fair value of the brand asset no longer exceeded the carrying value of the asset.\nSignificant assumptions used in that assessment included our updated long-range cash flow projections for the Green Giant business, an updated royalty rate, a weighted-average cost of capital, and a tax rate.\nWe recorded a $260.0 million impairment charge in restructuring, impairment, and other exit costs in fiscal 2015 related to this asset.\nNOTE 7.\nFINANCIAL INSTRUMENTS, RISK MANAGEMENT ACTIVITIES, AND FAIR VALUES Financial Instruments The carrying values of cash and cash equivalents, receivables, accounts payable, other current liabilities, and notes payable approximate fair value.\nMarketable securities are carried at fair value.\nAs of May 28, 2017 and May 29, 2016, a comparison of cost and market values of our marketable debt and equity securities is as follows:"}
{"_id": "d89e1e816", "title": "", "text": "We plan to continue increasing the capacity and enhancing the capability and reliability of our infrastructure to support user growth and increased activity on our platform.\nWe also expect that the amount of revenue generated from the sale of our advertising services on third party publishers’ websites, applications and other offerings will increase, which will also result in an increase in the amount of TAC that we incur.\nAs a result, we expect that cost of revenue, in particular TAC, will increase in absolute dollar amounts for the foreseeable future and vary in the near term from period to period as a percentage of revenue."}
{"_id": "d8848a5c6", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements 20.\nFAIR VALUE OF ASSETS AND LIABILITIES (continued) private mutual funds where the inputs used by the mutual funds were determined to be Level 3.\nThis activity was partially offset by transfers out of Level 3 as a result of the availability of third party pricing service information that was validated.\nTransfers of Commercial Mortgage and Other Loans into Level 3 totaled $81 million and resulted from a reduction in the availability of market available prices during the year due to market illiquidity.\nThe net amount of Separate Account Assets transferred out of Level 3 for the year ended December 31, 2008 was $607 million.\nThis resulted from the use of vendor pricing information that the Company was able to validate that was previously unavailable.\nPartially offsetting the transfers out for this activity were transfers into Level 3 as a result of further review of valuation methodologies for certain assets that had been previously classified as Level 2.\nNonrecurring Fair Value Measurements—Certain assets and liabilities are measured at fair value on a nonrecurring basis.\nNonrecurring fair value reserve increases resulted in $200 million of losses being recorded for the year ended December 31, 2009 on certain commercial mortgage loans.\nThe carrying value of these loans as of December 31, 2009 was $331 million.\nSimilar commercial mortgage loan reserve increases of $36 million were recorded for the year ended December 31, 2008.\nThe reserves were based on either discounted cash flows utilizing market rates or the fair value of the underlying real estate collateral and were classified as Level 3 in the hierarchy.\nIn addition, losses of $38 million were recorded for the year ended December 31, 2008 related to commercial loans that were carried at the lower of cost or market.\nThe fair value measurements were classified as Level 3 in the valuation hierarchy.\nThe inputs utilized for these valuations are pricing indicators from the whole loan market, which the Company considers its principal market for these loans.\nImpairments of $55 million and $26 million were recorded for the years ended December 31, 2009 and 2008, respectively, on certain cost method investments.\nThe carrying value as of December 31, 2009 of these investments was $218 million.\nIn addition, impairments of $12 million and $14 million were recorded for the year ended December 31, 2009 and 2008, respectively, on certain equity method investments.\nThese fair value adjustments were based on inputs classified as Level 3 in the valuation hierarchy.\nThe inputs utilized were primarily discounted estimated future cash flows and, where appropriate, valuations provided by the general partners taken into consideration with deal and management fee expenses.\nImpairments of $12 million for the year ended December 31, 2009 were recorded for mortgage servicing rights.\nThe impairments were based on internal models and were classified as Level 3 in the hierarchy.\nIn addition, impairments of $7 million for the year ended December 31, 2009 were recorded for real estate investments, some of which were classified as discontinued operations.\nThe impairments were based on appraisal values or purchase agreements and were classified as Level 3 in the hierarchy.\nFor the year ended December 31, 2008, the Company recorded impairments of $316 million on certain equity method investments in operating joint ventures held within the international investments segment.\nThe inputs used in determining these impairments were classified as Level 3 in the valuation hierarchy and consisted primarily of market multiples and discounted cash flows.\nThe carrying value of these equity method operating joint ventures as of December 31, 2008 was $281 million.\nAs discussed in more detail in Note 9, the Company recorded goodwill impairments of $337 million during the year ended December 31, 2008.\nThe inputs were classified as Level 3 and primarily consisted of discounted cash flows and market multiples."}
{"_id": "d8a5cba6e", "title": "", "text": "| Shares/UnitsAuthorized Shares/UnitsOutstanding | 2011 | Entergy Corporation | Utility: | Preferred Stock or Preferred Membership Interests without sinking fund: | Entergy Arkansas, 4.32%-6.45% Series | Entergy Gulf States Louisiana,Series A 8.25 % | Entergy Louisiana, 6.95% Series (a) | Entergy Mississippi, 4.36%-6.25% Series | Entergy New Orleans, 4.36%-5.56% Series | Total Utility Preferred Stock or PreferredMembership Interests without sinking fund | Entergy Wholesale Commodities: | Preferred Stock without sinking fund: | Entergy Asset Management, 8.95% rate (b) | Other | Total Subsidiaries’ Preferred Stockwithout sinking fund |"}
{"_id": "d8d000d48", "title": "", "text": "| 2007 2006 Variance | Current assets: | Cash and cash equivalents | Inventories | Prepaid expenses and other current assets | Deferred income taxes | 691.9 | Current liabilities: | Accounts payable | Accrued expenses | Income taxes payable | Other, net | 379.8 | Working capital |"}
{"_id": "d80f0a972", "title": "", "text": "| 2011 Entergy Arkansas Entergy Gulf States Louisiana Entergy Louisiana Entergy Mississippi Entergy New Orleans Entergy Texas System Energy | (In Thousands) | Deferred tax liabilities: | Plant basis differences - net | Regulatory asset for income taxes - net | Power purchase agreements | Nuclear decommissioning trusts | Deferred fuel | Other | Total | Deferred tax assets: | Accumulated deferred investment | tax credits | Pension and OPEB | Nuclear decommissioning liabilities | Sale and leaseback | Provision for regulatory adjustments | Provision for contingencies | Unbilled/deferred revenues | Customer deposits | Rate refund | Net operating loss carryforwards | Other | Total | Noncurrent accrued taxes (including | unrecognized tax benefits) | Accumulated deferred income | taxes and taxes accrued |"}
{"_id": "d8b012ac2", "title": "", "text": "| Year Ended April 30, 2006 2005 | Average servicing portfolio: | With related MSRs | Without related MSRs | $75,628,458 | Ending servicing portfolio: | With related MSRs | Without related MSRs | $73,382,077 | Number of loans serviced | Average delinquency rate | Weighted average FICO score | Weighted average interest rate(WAC) of portfolio | Weighted average rate earned | Carrying value of MSRs |"}
{"_id": "d8a3d47ba", "title": "", "text": "NOTE 12.\nREGULATORY REQUIREMENTS As a registered broker-dealer and member of the New York Stock Exchange (“NYSE”) and the Financial Industry Regulatory Authority (“FINRA”), Ridge Clearing & Outsourcing Solutions, Inc.  (“Ridge Clearing”) is subject to the Uniform Net Capital Rule 15c3-1 of the Securities Exchange Act of 1934 (“Rule 15c3-1”).\nRidge Clearing computes its net capital under the alternative method permitted by Rule 15c3-1, which requires Ridge Clearing to maintain minimum net capital equal to the greater of $1.5 million or 2% of aggregate debit items arising from customer transactions.\nThe NYSE and FINRA may require a member firm to reduce its business if its net capital is less than 4% of aggregate debit items, or may prohibit a member firm from expanding its business or paying cash dividends if resulting net capital would be less than 5% of aggregate debit items.\nAt June 30, 2009, Ridge Clearing had net capital of $217.4 million, which was approximately 30.9% of aggregate debit items and exceeded the minimum requirements by $203.3 million.\nRidge Clearing is also subject to Rule 15c3-3 of the Securities Exchange Act of 1934 (“Rule 15c3-3”).\nIn addition, in order to allow correspondent broker-dealers to classify their assets held by Ridge Clearing as allowable assets in their computation of net capital, Ridge Clearing has agreed to compute a separate reserve requirement for the proprietary accounts of introducing brokers (“PAIB”).\nPursuant to Rule 15c3-3, Ridge Clearing computes its customer and PAIB segregation requirements on the business day following the required computation date on an 'as of' basis.\nAccordingly, when Ridge Clearing computed its customer and PAIB requirements as of June 30, 2009, it determined that approximately $235.4 million and $51.1 million, respectively, of funds or securities were required to be segregated in accordance with Rule 15c3-3.\nThe following business day, pursuant to Rule 15c3-3, Ridge Clearing arranged for approximately $258.2 million and $80.5 million of cash to be segregated in its special reserve accounts for the exclusive benefit of customers and PAIB, exceeding actual requirements by approximately $22.8 million and $29.4 million, respectively.\nAt June 30, 2009, cash of approximately $164.2 million and $80.3 million had been segregated in special reserve accounts for the exclusive benefit of customers and PAIB, respectively, in accordance with Rule 15c3-3, based on the regulatory requirements computed as of June 26, 2009."}
{"_id": "d8b0128c4", "title": "", "text": "| Short-term Long-term Outlook | DBRS |"}
{"_id": "d8f8d6984", "title": "", "text": "Each quarter we analyze the likelihood that our deferred tax assets will be realized.\nRealization of the deferred tax assets ultimately depends on the existence of sufficient taxable income of the appropriate character in either the carryback or carryforward period.\nA valuation allowance is recorded if, based on the weight of all available positive and negative evidence, it is more likely than not (a likelihood of more than 50%) that some portion, or all, of a deferred tax asset will not be realized.\nA summary of our deferred tax assets is included in Note 9.\nU. S.  income taxes are not provided on foreign earnings when such earnings are indefinitely reinvested offshore.\nAt least annually, we evaluate our investment strategies for each foreign tax jurisdiction in which we operate to determine whether foreign earnings will be indefinitely reinvested offshore.\nWe recognize a tax benefit associated with a tax position when, in our judgment, it is more likely than not that the position will be sustained based upon the technical merits of the position.\nFor a tax position that meets the more likely than not recognition threshold, we measure the income tax benefit as the largest amount that we judge to have a greater than 50% likelihood of being realized.\nA liability is established for the unrecognized portion of any tax position.\nOur liability for unrecognized tax benefits is adjusted periodically due to changing circumstances, such as the progress of tax audits, case law developments and new or emerging legislation.\nThe years open to tax examinations vary by jurisdiction.\nWhile it is often difficult to predict the final outcome or the timing of resolution of any particular tax matter, we believe our liability for unrecognized tax benefits is appropriate.\nWe consider a tax position to be resolved at the earlier of the issue being effectively settled, settlement of an examination, or the expiration of the statute of limitations.\nUpon resolution of a tax position, any liability for unrecognized tax benefits will be released.\nOur liability for unrecognized tax benefits is generally presented as noncurrent.\nHowever, if we anticipate paying cash within one year to settle an uncertain tax position, the liability is presented as current.\nWe classify interest and penalties associated with our liability for unrecognized tax benefits as income tax expense.\nOur largest permanent item in computing both our taxable income and effective tax rate is the deduction allowed for statutory depletion.\nThe impact of statutory depletion on the effective tax rate is presented in Note 9.\nThe deduction for statutory depletion does not necessarily change proportionately to changes in pretax earnings.\nCOMPREHENSIVE INCOME We report comprehensive income in our Consolidated Statements of Comprehensive Income and Consolidated Statements of Equity.\nComprehensive income comprises two subsets: net earnings and other comprehensive income (OCI).\nOCI includes fair value adjustments to cash flow hedges, actuarial gains or losses and prior service costs related to pension and postretirement benefit plans.\nFor additional information about comprehensive income see Note 14.\nEARNINGS PER SHARE (EPS) Earnings per share are computed by dividing net earnings by the weighted-average common shares outstanding (basic EPS) or weighted-average common shares outstanding assuming dilution (diluted EPS), as set forth below:"}
{"_id": "d8ec31792", "title": "", "text": "| As of December 31, 2012 As of December 31, 2011 | (in millions) | Assets | Money market and government funds | Currency hedge contracts | $39 | Liabilities | Currency hedge contracts | Accrued contingent consideration | $57 |"}
{"_id": "d863cff8e", "title": "", "text": "Owned and leased hotel revenues decreased during the year ended December 31, 2017 compared to the year ended December 31, 2016, as a result of unfavorable foreign currency changes, which decreased revenues by $41 million, offset by an increase in revenues on a currency neutral basis of $39 million.\nOn a currency neutral basis, owned and leased hotel revenues increased primarily as a result of an increase at our comparable hotels of $41 million due to an increase in RevPAR of 4.8 percent, attributable to increases in ADR and occupancy of 3.2 percent and 1.2 percentage points, respectively.\nThis increase was partially offset by a decrease in revenues of $5 million due to a net disposal of properties between January 1, 2016 and December 31, 2017."}
{"_id": "d8d3ef60c", "title": "", "text": "| Year Ended December 31, | 2007 | Reconstructive | Knees | Hips | Extremities | Dental | Total | Trauma | Spine | OSP and other | Total |"}
{"_id": "d8316feb8", "title": "", "text": "| Year ended December 31, | 2017 | (in millions, except as noted) | Net sales | Cost of sales | Gross margin | Gross margin percentage | Sales volume by product tons (000s) | Sales volume by nutrient tons (000s)(1) | Average selling price per product ton | Average selling price per nutrient ton-1 | Gross margin per product ton | Gross margin per nutrient ton-1 | Depreciation and amortization | Unrealized net mark-to-market loss (gain) on natural gas derivatives |"}
{"_id": "d8e817e40", "title": "", "text": "| Mohawk Common Stock | High | 2016 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | 2017 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d8a813b50", "title": "", "text": "| December 31 | (Dollars in millions) | Consumer | Residential mortgage-2 | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer | Commercial | U.S. commercial | Commercial real estate | Commercial lease financing | Non-U.S. commercial | 109 | U.S. small business commercial | Total commercial | Total accruing loans and leases past due 90 days or more-3 |"}
{"_id": "d873d5294", "title": "", "text": "| Year Ended December 31, Change | (in thousands, except percentages) | Revenue: | Lease licenses | Perpetual licenses | Software licenses | Maintenance | Service | Maintenance and service | Total revenue |"}
{"_id": "d81bf4296", "title": "", "text": "| December 31, 2010 December 31, 2009 | Carrying Amount | (in millions) | Assets: | Fixed maturities, held to maturity | Commercial mortgage and other loans-1 | Policy loans | Liabilities: | Policyholders’ account balances - investment contracts | Short-term and long-term debt-1 | Debt of consolidated VIEs | Bank customer liabilities |"}
{"_id": "d8d07385c", "title": "", "text": "| 2006 2005 2004 | Basic | Income | Income from continuing operations | Income from discontinued operations, net of taxes | Cumulative effect of accounting change, net of taxes | Net income | Average shares | Average shares outstanding | Dilutive securities issuable in connection with stock plans | Total average shares | Earnings (loss) per share of common stock | Income from continuing operations | Income from discontinued operations, net of taxes | Cumulative effect of accounting change, net of taxes | Net income |"}
{"_id": "d8a6c7ae4", "title": "", "text": "| Amount (In Millions) | 2009 net revenue | Volume/weather | Net gas revenue | Effect of 2009 rate case settlement | Other | 2010 net revenue |"}
{"_id": "d8c6e8f4e", "title": "", "text": "| Cash provided by (used for) 2018 2017 2016 | Operating activities | Investing activities | Financing activities |"}
{"_id": "d85f42ffc", "title": "", "text": "| In millions 2012 2011 2010 | Sales | Operating Profit |"}
{"_id": "d8ebf3866", "title": "", "text": "Refer to Note 1 and Note 5 to the Consolidated Financial Statements for further discussion of these derivative instruments and our hedging policies.\nInterest Rate Risk The total notional amount of interest rate swaps outstanding at December 31, 2017 and 2016 was $350 million.\nThe notional amount relates to fixed-to-floating interest rate swaps which convert a comparable amount of fixed-rate debt to variable rate debt at December 31, 2017 and 2016.\nA hypothetical 100 basis point increase in interest rates applied to this now variable-rate debt as of December 31, 2017 would have increased interest expense by approximately $3.5 million and $3.6 million for the full year 2017 and 2016, respectively.\nWe consider our current risk related to market fluctuations in interest rates on our remaining debt portfolio, excluding fixed-rate debt converted to variable rates with fixed-to-floating instruments, to be minimal since this debt is largely long-term and fixed-rate in nature.\nGenerally, the fair market value of fixed-rate debt will increase as interest rates fall and decrease as interest rates rise.\nA 100 basis point increase in market interest rates would decrease the fair value of our fixed-rate long-term debt at December 31, 2017 and December 31, 2016 by approximately $134 million and $142 million, respectively.\nHowever, since we currently have no plans to repurchase our outstanding fixed-rate instruments before their maturities, the impact of market interest rate fluctuations on our long-term debt does not affect our results of operations or financial position.\nIn order to manage interest rate exposure, in previous years we utilized interest rate swap agreements to protect against unfavorable interest rate changes relating to forecasted debt transactions.\nThese swaps, which were settled upon issuance of the related debt, were designated as cash flow hedges and the gains and losses that were deferred in other comprehensive income are being recognized as an adjustment to interest expense over the same period that the hedged interest payments affect earnings.\nDuring 2016, we had one interest rate swap agreement in a cash flow hedging relationship with a notional amount of $500 million, which was settled in connection with the issuance of debt in August 2016, resulting in a payment of approximately $87 million which is reflected as an operating cash flow within the Consolidated Statement of Cash Flows."}
{"_id": "d8e4ea36c", "title": "", "text": "were more than offset by higher raw material and energy costs ($312 million), increased market related downtime ($187 million) and other items ($30 million).\nCompared with 2003, higher 2005 earnings in the Brazilian Papers, U. S.  coated papers and U. S.  market pulp businesses were offset by lower earnings in the U. S.  uncoated papers and the European Papers businesses.\nThe Printing Papers segment took 995,000 tons of downtime in 2005, including 540,000 tons of lack-of-order downtime to align production with customer demand.\nThis compared with 525,000 tons of downtime in 2004, of which 65,000 tons related to lack-of-orders."}
{"_id": "d891db036", "title": "", "text": "| Site Location Start Court or Agency Estimated Liability (a) % of Total (a) | Maxey Flats Nuclear | Curcio Scrap Metal | Metal Bank of America | Cortese Landfill | Global Landfill | PCB Treatment, Inc. | Borne Chemical | Millions of kWhs Twelve Months Ended | Description | Residential/Religious | Commercial/Industrial | Other | Total Full Service Customers | Retail access customers | Total Service Area | Thousands of DTHs Twelve Months Ended | Description | Firm Sales | Residential | General | Firm Transportation | Total Firm Sales and Transportation | Off Peak/Interruptible Sales | Non-Firm Transportation of Gas | Generation Plants | Other | Total Sales and Transportation |"}
{"_id": "d885f4272", "title": "", "text": "| 2018 2017 2016 | Derivative | $8 |"}
{"_id": "d8dc6d6b2", "title": "", "text": "| Commitment Amount by Period of Expiration as of December 2012 Total Commitmentsas of December | in millions | Commitments to extend credit1 | Commercial lending:2 | Investment-grade | Non-investment-grade | Warehouse financing | Total commitments to extend credit | Contingent and forward starting resale and securities borrowing agreements3 | Forward starting repurchase and secured lendingagreements3 | Letters of credit4 | Investment commitments | Other | Total commitments |"}
{"_id": "d8f4ed98a", "title": "", "text": "| 2004 2003 2002 | Net debt to net capital at the end of the year | Effect of subtracting cash from debt | Debt to capital at the end of the year |"}
{"_id": "d89cfc672", "title": "", "text": "| 2010 2009 2008 | (in millions) | Korean asset management operations-1 | Equity sales, trading and research operations-2 | Real estate investments sold or held for sale-3 | Mexican asset management operations-4 | International securities operations-5 | Healthcare operations-6 | Income from discontinued operations before income taxes | Income tax expense | Income (loss) from discontinued operations, net of taxes |"}
{"_id": "d89151cf0", "title": "", "text": "Table of Contents 10 increase in the number of incentives for and use of generic products.\nAdditionally, improvements in intellectual property laws are sought in the United States and other countries through reform of patent and other relevant laws and implementation of international treaties.\nThe Company has the following key U. S.  patent protection for drug candidates under review in the United States by the FDA.\nAdditional patent term may be provided for these pipeline candidates based on Patent Term Restoration and Pediatric Exclusivity."}
{"_id": "d87876bfe", "title": "", "text": "| 2017 2016 | (millions of dollars) | Gross goodwill balance, January 1 | Accumulated impairment losses, January 1 | Net goodwill balance, January 1 | Goodwill during the year: | Acquisitions* | Held for sale | Divestitures** | Translation adjustment and other | Ending balance, December 31 |"}
{"_id": "d880bf090", "title": "", "text": "| In millions Dec. 31 2011 Dec. 31 2010 | Consumer lending: | Real estate-related | Credit card (a) | Other consumer | Total consumer lending | Total commercial lending | Total TDRs | Nonperforming | Accruing (b) | Credit card (a) | Total TDRs |"}
{"_id": "d8f3eb140", "title": "", "text": "| Level 3 | Balance as of January 1, 2018 | Actual return on assets | Purchases, issuances and settlements, net | Balance as of December 31, 2018 |"}
{"_id": "d8c803ee2", "title": "", "text": "| December 31, 2012 December 31, 2011 | $ in millions | Financial Assets (Liabilities) | Marketable Securities | Trading | Available-for-sale | Held-to-maturity time deposits | Derivatives | Long-term debt, including current portion |"}
{"_id": "d8c86908a", "title": "", "text": "| Notes Payable Principal Amount Date Issued Date Due RedeemablePrior toMaturity -1 EffectiveInterest Rate -2 | (In millions) | 4.75% senior notes | 3.625% senior notes | 3.75% senior notes | 4.0% senior notes | 4.375% senior notes | 4.75% senior notes | 5.75% senior notes |"}
{"_id": "d8749de1a", "title": "", "text": "| Year ended December 31, | (Dollars in thousands, except employees) | Compensation and benefits: | Salaries and wages | Incentive compensation | ESOP | Other employee incentives and benefits -1 | Total compensation and benefits | Period-end full-time equivalent employees | Average full-time equivalent employees |"}
{"_id": "d88682734", "title": "", "text": "| In millions 2005 2004 2003 | Printing Papers | Industrial Packaging | Consumer Packaging | Distribution | Forest Products | Specialty Businesses and Other | Subtotal | Corporate and other | Total from continuing operations |"}
{"_id": "d81ce4372", "title": "", "text": "| Three Months Ended | Mar 29,2009 | ($ amounts in 000's) | Cost of product revenue | Cost of services revenue | Research and development | Sales and marketing | General and administrative | Total stock-based compensation | Asset acquisition related write-offs | Total stock based compensation and asset acquisition related write-offs | Average for the Year Ended December | $ in millions | Denomination | U.S. dollar | Non-U.S.dollar | Total | Asset Class | Overnight cash deposits | U.S. government obligations | U.S. agency obligations | Non-U.S.governmentobligations | Total | Entity Type | Group Inc. and Funding IHC | Major broker-dealer subsidiaries | Major bank subsidiaries | Total | Average for the Three Months Ended | $ in millions | Total HQLA | Eligible HQLA | Net cash outflows | LCR |"}
{"_id": "d8d698b60", "title": "", "text": "| Grantor trusts Collateralized private investment vehicles CMBS Hedge funds -2 Total | (in millions) | December 31, 2012 | Fixed maturities, available-for-sale | Fixed maturities, trading | Other investments | Accrued investment income | Total assets | Deferred income taxes | Other liabilities -1 | Total liabilities | December 31, 2011 | Fixed maturities, available-for-sale | Fixed maturities, trading | Equity securities, trading | Other investments | Cash and cash equivalents | Accrued investment income | Premiums due and other receivables | Total assets | Deferred income taxes | Other liabilities -1 | Total liabilities |"}
{"_id": "d89aed412", "title": "", "text": "| 2018 2017 | December 31, (in millions) | Loans(a) | Nonaccrual loans | Loans reported as trading assets | Loans | Subtotal | All other performing loans | Loans reported as trading assets | Loans | Total loans | Long-term debt | Principal-protected debt | Nonprincipal-protected debt(b) | Total long-term debt | Long-term beneficial interests | Nonprincipal-protected debt(b) | Total long-term beneficial interests |"}
{"_id": "d89821864", "title": "", "text": "| 2016 $76,676 | 2017 | 2018 | 2019 | 2020 | Thereafter | Total minimum lease payments | Less: Amount representing lease of the orbital location and estimated executory costs (primarily insurance and maintenance) including profit thereon, included in total minimum lease payments | Net minimum lease payments | Less: Amount representing interest | Present value of net minimum lease payments | Less: Current portion | Long-term portion of capital lease obligations |"}
{"_id": "d88975856", "title": "", "text": "| 2008 2007 | (in millions of U.S. dollars) | Property and all other | Case reserves | Loss expenses | IBNR | Subtotal | Casualty | Case reserves | Loss expenses | IBNR | Subtotal | A&H | Case reserves | Loss expenses | IBNR | Subtotal | Total | Case reserves | Loss expenses | IBNR | Total |"}
{"_id": "d871f32d2", "title": "", "text": "vesting, RSUs granted under the 2007 Omnibus Incentive Plan do not have dividend equivalent rights, do not have voting rights and the shares underlying the RSUs are not considered issued and outstanding.\nWith respect to RSUs granted under the Assumed Plans, in connection with the Companys assumption of these RSUs the number of shares underlying each RSU were adjusted to reflect the substitution of the Companys stock for the stock of the applicable acquired company, and certain of these RSUs have dividend equivalent rights.\nIn 2015, the Company introduced into its executive officer equity compensation program PSUs that vest based on the Companys total shareholder return ranking relative to the S&P 500 Index over a three-year performance period and are subject to an additional two-year holding period, and are entitled to dividend equivalent rights.\nIn 2017, 2016 and 2015 one-half of the annual equity awards granted to the Companys executive officers were granted as stock options, one-quarter were granted as RSUs and one-quarter were granted as PSUs.\nThe PSUs were issued under the Companys 2007 Omnibus Incentive Plan.\nIn connection with the Fortive Separation and pursuant to the anti-dilution provisions of the 2007 Omnibus Incentive Plan, the Company made certain adjustments to the exercise price and the number of shares underlying stock-based compensation awards with the intention of preserving the intrinsic value of the awards prior to the Separation.\nAccordingly, the number of shares underlying each stock-based award outstanding as of the date of the Separation was multiplied by a factor of 1.32 and the related exercise price for stock options was divided by a factor of 1.32 which resulted in no increase in the intrinsic value of awards outstanding.\nThe stock-based compensation awards continue to vest over their original vesting period.\nThese adjustments to the Companys stock-based compensation awards did not result in additional compensation expense.\nStockbased compensation awards that were held by employees who transferred to Fortive in connection with the Separation were canceled and replaced by awards issued by Fortive.\nThe equity compensation awards granted by the Company generally vest only if the employee is employed by the Company (or in the case of directors, the director continues to serve on the Company Board) on the vesting date or in other limited circumstances.\nTo cover the exercise of options and vesting of RSUs and PSUs, the Company generally issues new shares from its authorized but unissued share pool, although it may instead issue treasury shares in certain circumstances.\nThe Company accounts for stock-based compensation by measuring the cost of employee services received in exchange for all equity awards granted based on the fair value of the award as of the grant date.\nThe Company recognizes the compensation expense over the requisite service period (which is generally the vesting period but may be shorter than the vesting period if the employee becomes retirement eligible before the end of the vesting period).\nThe fair value for RSU awards was calculated using the closing price of the Companys common stock on the date of grant, adjusted for the fact that RSUs (other than certain RSUs granted under the Assumed Plans) do not accrue dividends.\nThe fair value of the PSU awards was calculated using a Monte Carlo pricing model.\nThe fair value of the options granted was calculated using a Black-Scholes Merton option pricing model (Black-Scholes).\nThe following summarizes the assumptions used in the Black-Scholes model to value options granted during the years ended December 31:"}
{"_id": "d85e3eb92", "title": "", "text": "| 2007 2006 2005 | Shares Outstanding | (In $ millions, except share data) | Common Stock | Balance as of the beginning of the year | Conversion of Series B common stock to Series A common stock | Issuance of Series A common stock | Issuance of Series A common stock related to stock option exercises, including related tax benefits | Purchases of treasury stock, including related fees | Common stock dividends | Balance as of the end of the year | Preferred Stock | Balance as of the beginning of the year | Issuance of preferred stock | Balance as of the end of the year | Treasury Stock | Balance as of the beginning of the year | Purchases of treasury stock, including related fees | Balance as of the end of the year | Additional Paid-in Capital | Balance as of the beginning of the year | Indemnification of demerger liability | Series A common stock dividends | Preferred stock dividends | Net proceeds from issuance of common stock | Net proceeds from issuance of preferred stock | Net proceeds from issuance of discounted common stock | Stock-based compensation | Special cash dividend to Original Shareholders | Issuance of Series A common stock related to stock option exercises, including related tax benefits | Balance as of the end of the year | Retained Earnings | Balance as of the beginning of the year | Net earnings | Series A common stock dividends | Preferred stock dividends | Adoption of FIN 48 (see Note 20) | Balance as of the end of the year | Accumulated Other Comprehensive Income (Loss), Net | Balance as of the beginning of the year | Unrealized gain on securities | Additional minimum pension liability | Foreign currency translation | Unrealized gain (loss) on derivative contracts | Pension and postretirement benefits (revised) | Adjustment to initially apply FASB Statement No. 158, net of tax (revised) | Balance as of the end of the year | Total Shareholders’ Equity | Comprehensive Income: | Net earnings | Other comprehensive income (loss), net of tax: | Unrealized gain on securities | Additional minimum pension liability | Foreign currency translation | Unrealized gain (loss) on derivative contracts | Pension and postretirement benefits (revised) | Total comprehensive income |"}
{"_id": "d8d36263a", "title": "", "text": "| Years Ended December 31, | 2008 | (In millions) | Operating Revenues | Premiums | Net investment income | Other revenues | Total operating revenues | Operating Expenses | Policyholder benefits and claims and policyholder dividends | Capitalization of DAC | Amortization of DAC and VOBA | Other expenses | Total operating expenses | Provision for income tax expense (benefit) | Operating earnings |"}
{"_id": "d8b74092a", "title": "", "text": "Ameren Illinois cash used in investing activities increased $141 million during 2012, compared with 2011.\nCapital expenditures increased $91 million as a result of increased expenditures for maintenance and reliability capital projects, including $27 million for IEIMA projects, which more than offset a $16 million decrease in storm restoration costs.\nIn 2011, cash flows from investing activities benefited from repayments of advances previously paid to ATXI as a result of the completion of a project under a joint ownership agreement.2011 versus 2010 Amerens cash used in investing activities decreased by $48 million during 2011, compared with 2010.\nIn 2011, cash flows from investing activities benefited from an increase of proceeds from property sales as well as $8 million in proceeds from the sale of its investment in a leveraged lease and a $9 million payment received from the DOE under the terms of an Ameren Missouri settlement with the DOE in 2011 related to nuclear waste disposal.\nNet cash used for capital expenditures decreased $12 million during 2011, compared with 2010.\nReductions in capital expenditures caused by the completion of two energy center scrubber projects in 2010 were offset, in part, by an increase in storm-related repair costs, an increase in electric transmission investments, and expenditures for a third energy center scrubber project in 2011.\nAmeren Missouris cash used in investing activities decreased by $73 million during 2011, compared with 2010, principally because of a $74 million decrease in capital expenditures and a $9 million payment received from the DOE in 2011 under the terms of the settlement with the DOE related to nuclear waste disposal.\nThese cash benefits were reduced by a $6 million net decrease in nuclear decommissioning trust fund activities.\nCapital expenditures were lower in 2011 as a result of the completion in 2010 of two scrubbers at Ameren Missouris Sioux energy center and boiler projects, which offset a $28 million increase in capital expenditures related to storm-related repair costs.\nAmeren Illinois cash used in investing activities increased by $49 million during 2011, compared with 2010.\nThere was a $70 million increase in capital expenditures, primarily as a result of increased investment in electric transmission assets and a $17 million increase in capital expenditures related to storm-related repair costs.\nIn 2011, cash flows from investing activities benefited from the repayments of advances previously paid to ATXI, as a result of the completion of a project under a joint ownership agreement.\nIn 2010, cash flows from investing activities benefited from the proceeds received on an intercompany note receivable, offset, in part, by advances to ATXI."}
{"_id": "d8e6bf7b4", "title": "", "text": "Acetate Products has production sites in the United States, Mexico, the United Kingdom and Belgium, along with sites at its three acetate ventures in China.\nIn November 2012, we ceased manufacturing acetate tow and acetate flake at our Spondon, Derby, United Kingdom site.\nWe will continue to manufacture our Clarifoil?\nfilm at this facility.\nOur Nutrinova business is a leading international supplier of premium quality ingredients for the food, beverage and pharmaceutical industries.\nThe company produces and sells Sunett?\n(acesulfame potassium), a high intensity sweetener.\nIt is also one of the world's largest producers of food protection ingredients, such as potassium sorbates and sorbic acid.\nNutrinova's expertise is based on its more than sixty years of experience in developing and marketing specialty ingredients to the food and beverage and pharmaceutical industries.\nWhile this business has traditionally focused on providing low calorie sweeteners in the beverage industry, it continues to target high value opportunities in more diverse applications such as oral hygiene, pharmaceuticals, dairy and cereals.\nDuring 2012, Nutrinova announced Sunett?\nSL, the first new line of product from the Nutrinova's SunsationSM platform.\nSunett?\nSL products are drop-in solutions that can be easily incorporated into customers' food and beverage formulations, helping customers bring products to market faster.\nSensory tests carried out by an accredited external institute confirm that Sunett?\nSL significantly improves the sweetness and mouth-feel perception of sugar-free and sugar-reduced products.\nNutrinova has a production facility in Germany, with sales and distribution facilities in all major regions of the world.  ?\nKey Products Acetate flake, acetate tow and acetate film (Clarifoil).\nAcetate tow is a fiber used primarily in cigarette filters.\nIn order to produce acetate tow, we first produce acetate flake by processing wood pulp with acetic acid and acetic anhydride.\nWood pulp generally comes from reforested trees and is purchased externally from a variety of sources, and acetic anhydride is an intermediate chemical that we produce from acetic acid.\nThe acetate flake is then further processed into acetate tow.\nFlake can also be solvent cast to create a film which is primarily used in packaging for food and high-end luxury goods.\nSales of acetate tow amounted to 15%, 14% and 15% of our consolidated net sales for the years ended December 31, 2012, 2011 and 2010, respectively.\nSunett?\nsweeteners.\nAcesulfame potassium, a high intensity sweetener sold under the trademark Sunett?\n, is used in a variety of beverages, confections and dairy products throughout the world.\nSunett?\nsweetener is the ideal blending partner for caloric and non-caloric sweeteners and is recognized for its consistent product quality and reliable supply.\nFood protection ingredients.\nNutrinova's food protection ingredients are mainly used in foods, beverages and personal care products.\nSorbates pricing is extremely sensitive to demand and industry capacity and is not necessarily dependent on the cost of raw materials.  ?\nGeographic Regions The following table illustrates the destination of the net sales of the Consumer Specialties segment by geographic region."}
{"_id": "d8b6574e6", "title": "", "text": "| As of and for the Year Ended December 31, | (dollars in millions) | Total Allowance for Loan and Lease Losses—Ending: | Commercial | Commercial real estate | Leases | Qualitative-1 | Total commercial loans and leases | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Automobile | Education | Credit cards | Other retail | Qualitative-1 | Total retail loans | Unallocated-1(Eliminated in 2013) | Total allowance for loan and lease losses—ending | Reserve for Unfunded Lending Commitments—Beginning | Provision for unfunded lending commitments | Reserve for unfunded lending commitments—ending | Total Allowance for Credit Losses—Ending |"}
{"_id": "d8b813622", "title": "", "text": "| Cost Gross Unrealized Losses Estimated Fair Market Value | Auction rate securities: | Debt instruments with contractual maturity dates in 2021, 2033, and 2036 | Preferred stock with no maturity dates | Total | 2007 | (In millions, except per share data) | Consolidated Statements of Operations Data: | Net sales | Gross profit-1 | Operating profit-1 | Earnings before income tax provision-2 | Net earnings | Net earnings per common share-3: | Basic | Diluted | Common stock dividends paid-4 | Series A convertible preferred stock dividends-5 | Consolidated Balance Sheet Data: | Cash and cash equivalents | Total assets | Working capital | Long-term debt, less current portion-5(6) | Total shareholders' equity-4 | Other Data: | EBIT-7 | Depreciation and amortization | EBITDA-7 | Capital expenditures-8 |"}
{"_id": "d86fbfaec", "title": "", "text": "| Year ended December 31, 2012 vs. 2011Favorable/(Unfavorable) Change | In millions | Gross margin | Selling, general and administrative expenses | Research, development and engineering expenses | Equity, royalty and interest income from investees |"}
{"_id": "d8c3bff98", "title": "", "text": "exchange memberships.\nAlso contributing to the increase in adjusted operating income was improved results from the segments asset management operations, principally reflecting higher performance fees and asset management fees in a joint venture, as well as more favorable sales and trading results from our global commodities group business.\nAdjusted operating income in 2006 and 2005 includes $21 million and $24 million, respectively, of fee revenue from the Korean government under an agreement entered into in connection with the acquisition in 2004 of PISC, related to the provision of asset management and brokerage services, which agreement extends until February 27, 2009.2005 to 2004 Annual Comparison.\nAdjusted operating income increased $29 million, from $77 million in 2004 to $106 million in 2005.\nThis increase is primarily a result of the acquisition of PISC, as the prior year reflects only ten months of results of the acquired business.\nAlso contributing to the increase in adjusted operating income was higher fee and commission income from our Korean asset management operations, which encompasses PISC, partially offset by a corresponding increase in operating expenses, including minority interest, during the current year.\nAdjusted operating income in 2005 and 2004 includes $24 million and $20 million, respectively, of fee revenue from the Korean government under the agreement discussed above.\nRevenues 2006 to 2005 Annual Comparison.\nRevenues, as shown in the table above under Operating Results, increased $103 million, from $487 million in 2005 to $590 million in 2006.\nThis increase includes income recognized in 2006 from market value changes on securities held principally relating to trading exchange memberships.\nAlso contributing to this increase was higher revenues from our global commodities group business, our Korean asset management operations and a joint venture as discussed above.2005 to 2004 Annual Comparison.\nRevenues increased $41 million, from $446 million in 2004 to $487 million in 2005 primarily due to the results of PISC, as discussed above.\nExpenses 2006 to 2005 Annual Comparison.\nExpenses, as shown in the table above under Operating Results, increased $66 million, from $381 million in 2005 to $447 million in 2006, primarily due to higher expenses corresponding with the higher level of revenues generated by our global commodities group business and our Korean asset management operations.2005 to 2004 Annual Comparison.\nExpenses increased $12 million, from $369 million in 2004 to $381 million in 2005 primarily due to the results of PISC, as discussed above.\nCorporate and Other Corporate and Other includes corporate operations, after allocations to our business segments, and real estate and relocation services.\nCorporate operations consist primarily of: (1) corporate-level income and expenses, after allocations to any of our business segments, including income and expense from our qualified pension and other employee benefit plans and investment returns on capital that is not deployed in any of our segments; (2) returns from investments that we do not allocate to any of our business segments, including a debtfinanced investment portfolio, as well as the impact of transactions with other segments; and (3) businesses that we have placed in winddown status but have not divested."}
{"_id": "d89793f64", "title": "", "text": "At December 31, 2013, the fair value of the qualified pension plan assets was greater than both the accumulated benefit obligation and the projected benefit obligation.\nThe nonqualified pension plan is unfunded.\nContributions from PNC and, in the case of the postretirement benefit plans, participant contributions cover all benefits paid under the nonqualified pension plan and postretirement benefit plans.\nThe postretirement plan provides benefits to certain retirees that are at least actuarially equivalent to those provided by Medicare Part D and accordingly, we receive a federal subsidy as shown in Table 112.\nIn March 2010, the Patient Protection and Affordable Care Act (PPACA) was enacted.\nKey aspects of the PPACA which are reflected in our financials include the excise tax on highcost health plans beginning in 2018 and fees for the Transitional Reinsurance Program and the Patient-Centered Outcomes Fund.\nThese provisions did not have a significant effect on our postretirement medical liability or costs.\nThe Early Retiree Reinsurance Program (ERRP) was established by the PPACA.\nCongress appropriated funding of $5.0 billion for this temporary ERRP to provide financial assistance to employers, unions, and state and local governments to help them maintain coverage for early retirees age 55 and older who are not yet eligible for Medicare, including their spouses, surviving spouses, and dependents.\nIn 2013, PNC did not receive reimbursement related to the 2012 plan year.\nPNC received reimbursement of $.9 million related to the 2011 plan year in 2012.\nPNC PENSION PLAN ASSETS Assets related to our qualified pension plan (the Plan) are held in trust (the Trust).\nEffective July 1, 2011, the trustee is The Bank of New York Mellon.\nThe Trust is exempt from tax pursuant to section 501(a) of the Internal Revenue Code (the Code).\nThe Plan is qualified under section 401(a) of the Code.\nPlan assets consist primarily of listed domestic and international equity securities, U. S.  government and agency securities, corporate debt securities, and real estate investments.\nThe Plan held no PNC common stock as of December 31, 2013 and December 31, 2012.\nThe PNC Financial Services Group, Inc.\nAdministrative Committee (the Administrative Committee) adopted the Pension Plan Investment Policy Statement, including target allocations and allowable ranges, on August 13, 2008.\nOn February 25, 2010, the Administrative Committee amended the investment policy to include a dynamic asset allocation approach and also updated target allocation ranges for certain asset categories.\nOn May 23, 2013, the Administrative Committee amended the investment policy to update the target allocation ranges for certain asset categories.\nThe long-term investment strategy for pension plan assets is to: ?\nMeet present and future benefit obligations to all participants and beneficiaries, ?\nCover reasonable expenses incurred to provide such benefits, including expenses incurred in the administration of the Trust and the Plan, ?\nProvide sufficient liquidity to meet benefit and expense payment requirements on a timely basis, and ?\nProvide a total return that, over the long term, maximizes the ratio of trust assets to liabilities by maximizing investment return, at an appropriate level of risk.\nUnder the dynamic asset allocation strategy, scenarios are outlined in which the Administrative Committee has the ability to make short to intermediate term asset allocation shifts based on factors such as the Plans funded status, the Administrative Committees view of return on equities relative to long term expectations, the Administrative Committees view on the direction of interest rates and credit spreads, and other relevant financial or economic factors which would be expected to impact the ability of the Trust to meet its obligation to participants and beneficiaries.\nAccordingly, the allowable asset allocation ranges have been updated to incorporate the flexibility required by the dynamic allocation policy.\nThe Plans specific investment objective is to meet or exceed the investment policy benchmark over the long term.\nThe investment policy benchmark compares actual performance to a weighted market index, and measures the contribution of active investment management and policy implementation.\nThis investment objective is expected to be achieved over the long term (one or more market cycles) and is measured over rolling five-year periods.\nTotal return calculations are timeweighted and are net of investment-related fees and expenses.\nThe asset strategy allocations for the Trust at the end of 2013 and 2012, and the target allocation range at the end of 2013, by asset category, are as follows.\nTable 113: Asset Strategy Allocations"}
{"_id": "d8b8bf080", "title": "", "text": "| For the years ended December 31, | 2013 | (Before tax) | Fixed maturities [2] | Equity securities, AFS | Mortgage loans | Policy loans | Limited partnerships and other alternative investments | Other investments [3] | Investment expense | Total securities AFS and other | Equity securities, trading | Total net investment income (loss) | Total securities, AFS and other excluding limited partnerships and other alternative investments |"}
{"_id": "d8b42c388", "title": "", "text": "the analysis of our depreciation studies.\nChanges in the estimated service lives of our assets and their related depreciation rates are implemented prospectively.\nUnder group depreciation, the historical cost (net of salvage) of depreciable property that is retired or replaced in the ordinary course of business is charged to accumulated depreciation and no gain or loss is recognized.\nThe historical cost of certain track assets is estimated using (i) inflation indices published by the Bureau of Labor Statistics and (ii) the estimated useful lives of the assets as determined by our depreciation studies.\nThe indices were selected because they closely correlate with the major costs of the properties comprising the applicable track asset classes.\nBecause of the number of estimates inherent in the depreciation and retirement processes and because it is impossible to precisely estimate each of these variables until a group of property is completely retired, we continually monitor the estimated service lives of our assets and the accumulated depreciation associated with each asset class to ensure our depreciation rates are appropriate.\nIn addition, we determine if the recorded amount of accumulated depreciation is deficient (or in excess) of the amount indicated by our depreciation studies.\nAny deficiency (or excess) is amortized as a component of depreciation expense over the remaining service lives of the applicable classes of assets.\nFor retirements of depreciable railroad properties that do not occur in the normal course of business, a gain or loss may be recognized if the retirement meets each of the following three conditions: (i) is unusual, (ii) is material in amount, and (iii) varies significantly from the retirement profile identified through our depreciation studies.\nA gain or loss is recognized in other income when we sell land or dispose of assets that are not part of our railroad operations.\nWhen we purchase an asset, we capitalize all costs necessary to make the asset ready for its intended use.\nHowever, many of our assets are self-constructed.\nA large portion of our capital expenditures is for replacement of existing track assets and other road properties, which is typically performed by our employees, and for track line expansion and other capacity projects.\nCosts that are directly attributable to capital projects (including overhead costs) are capitalized.\nDirect costs that are capitalized as part of selfconstructed assets include material, labor, and work equipment.\nIndirect costs are capitalized if they clearly relate to the construction of the asset.\nGeneral and administrative expenditures are expensed as incurred.\nNormal repairs and maintenance are also expensed as incurred, while costs incurred that extend the useful life of an asset, improve the safety of our operations or improve operating efficiency are capitalized.\nThese costs are allocated using appropriate statistical bases.\nTotal expense for repairs and maintenance incurred was $2.4 billion for 2014, $2.3 billion for 2013, and $2.1 billion for 2012.\nAssets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease.\nAmortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease.13.\nAccounts Payable and Other Current Liabilities"}
{"_id": "d8d5fecfe", "title": "", "text": "Impact of foreign currency translation on reported results While changing foreign currencies affect reported results, McDonalds mitigates exposures, where practical, by financing in local currencies, hedging certain foreign-denominated cash flows, and purchasing goods and services in local currencies.\nIn 2008, foreign currency translation had a positive impact on consolidated operating results, driven by the stronger Euro and most other currencies, partly offset by the weaker British Pound.\nHowever, in fourth quarter 2008, the U. S.  Dollar strengthened significantly against nearly every foreign currency, reducing the full year foreign currency benefit.\nDue to this strengthening, full year 2009 revenues and operating income will likely be negatively impacted by foreign currency translation.\nIn 2007, foreign currency translation had a positive impact on consolidated operating results, primarily driven by the stronger Euro, British Pound, Australian Dollar and Canadian Dollar.\nIn 2006, consolidated operating results were positively impacted by the stronger Euro, Canadian Dollar and British Pound.\nImpact of foreign currency translation on reported results"}
{"_id": "d8d46fc44", "title": "", "text": "| Actual Estimate | (Millions of Dollars) | Regulated utility construction expenditures | CECONY (a)(b) | Electric | Gas | Steam | Sub-total | O&R | Electric | Gas | Sub-total | Total regulated utility construction expenditures | Con Edison Transmission | CET Electric | CET Gas | Sub-total | Competitive energy businesses capital expenditures | Renewable and energy infrastructure projects | Sub-total | Total capital expenditures | Retirement of long-term securities | Con Edison – parent company | CECONY | O&R | Competitive energy businesses | Total retirement of long-term securities | Total capital requirements |"}
{"_id": "d8e675ad8", "title": "", "text": "| September2012 September2013 September2014 September2015 September2016 September2017 | Apple Inc. | S&P 500 Index | S&P Information Technology Index | Dow Jones U.S. Technology Supersector Index |"}
{"_id": "d8b68d5fa", "title": "", "text": "| December 31, Annual  Maturities  (in millions) | 2012 | 2013 | 2014 | 2015 | 2016 | Thereafter | Total non-recourse debt |"}
{"_id": "d8d1c5c82", "title": "", "text": "| 2009 2008 2007 | (Millions of dollars) | Exploration and Production | Exploration | Production and development | Acquisitions (including leaseholds) | 2,800 | Marketing, Refining and Corporate | Total |"}
{"_id": "d8118097c", "title": "", "text": "| Average volume Interest expense % Average rate | In millions of dollars, except rates | Liabilities | Deposits | In U.S. offices-5 | In offices outside the U.S.-6 | Total | Federal funds purchased and securities loaned or sold under agreements to repurchase-7 | In U.S. offices | In offices outside the U.S.-6 | Total | Trading account liabilities-8(9) | In U.S. offices | In offices outside the U.S.-6 | Total | Short-term borrowings-10 | In U.S. offices | In offices outside the U.S.-6 | Total | Long-term debt-11 | In U.S. offices | In offices outside the U.S.-6 | Total | Total interest-bearing liabilities | Demand deposits in U.S. offices | Other non-interest-bearing liabilities-8 | Total liabilities from discontinued operations | Total liabilities | Citigroup stockholders’ equity-12 | Noncontrolling interest | Total equity-12 | Total liabilities and stockholders’ equity | Net interest revenue as a percentage of average interest-earning assets-13 | In U.S. offices | In offices outside the U.S.-6 | Total |"}
{"_id": "d8c326f1e", "title": "", "text": "| Year ended December 31 (in millions) 2008 2007 2006 | Rental expense | Programming license expense |"}
{"_id": "d8e8f9f52", "title": "", "text": "| Year Ended September 30, | 2010 | ($ in 000's) | Revenues: | Interest Income | Other | Total Revenues | Interest Expense | Net Revenues | Other Expense | Pre-tax Loss |"}
{"_id": "d8816fdc8", "title": "", "text": "| Class A Common Stock Class B Common Stock | Balance at December 31, 2016 | Issue of shares on business combination at July 3, 2017 | Issue of shares upon vesting of restricted stock units-1 | Issue of shares on exercises of stock options-1 | Stock repurchase program-2 -3 | Balance at December 31, 2017 |"}
{"_id": "d898ab186", "title": "", "text": "| Years Ended June 30, | 2013 | (in millions, except for per share amounts) | Statements of Earnings Data | Revenues | Earnings from continuing operations before income taxes | Net earnings from continuing operations | Net earnings | Basic earnings per share from continuing operations(a) | Diluted earnings per share from continuing operations(a) | Basic Weighted-average shares outstanding | Diluted Weighted-average shares outstanding | Cash dividends declared per common share |"}
{"_id": "d8f303ed0", "title": "", "text": "| Less Than 12 Months 12 Months or More | Fair Value | (In thousands) | December 31, 2006 | U.S. Treasury and federal agencies | Obligations of states and political subdivisions | Mortgage-backed securities: | Government issued or guaranteed | Privately issued | Other debt securities | Equity securities | Total | December 31, 2005 | U.S. Treasury and federal agencies | Obligations of states and political subdivisions | Mortgage-backed securities: | Government issued or guaranteed | Privately issued | Other debt securities | Equity securities | Total |"}
{"_id": "d86f847ee", "title": "", "text": "between the Company and Citibank.\nSee Note 7 for further discussion of this transaction and the related commitment.\nLegal Proceedings From time to time, BlackRock receives subpoenas or other requests for information from various U. S.  federal, state governmental and regulatory authorities in connection with certain industry-wide or other investigations or proceedings.\nIt is BlackRocks policy to fully cooperate with such inquiries.\nThe Company and certain of its subsidiaries have been named as defendants in various legal actions, including arbitrations and other litigation arising in connection with BlackRocks activities.\nAdditionally, certain of the investment funds that the Company manages are subject to lawsuits, any of which could potentially harm the investment returns of the applicable fund or result in the Company being liable to the funds for any resulting damages.\nManagement, after consultation with legal counsel, currently does not anticipate that the aggregate liability, if any, arising out of regulatory matters or lawsuits will have a material adverse effect on BlackRocks earnings, financial position, or cash flows although, at the present time, management is not in a position to determine whether any such pending or threatened matters will have a material adverse effect on BlackRocks results of operations in any future reporting period.\nIndemnifications In the ordinary course of business, BlackRock enters into contracts pursuant to which it may agree to indemnify third parties in certain circumstances.\nThe terms of these indemnities vary from contract to contract and the amount of indemnification liability, if any, cannot be determined.\nUnder the Transaction Agreement in the MLIM Trans action, the Company has agreed to indemnify Merrill Lynch for losses it may incur arising from (1) any alleged or actual breach, failure to comply, violation or other deficiency with respect to any regulatory or fiduciary requirements relating to the operation of BlackRocks business, (2) any fees or expenses incurred or owed by BlackRock to any brokers, financial advisors or comparable other persons retained or employed by BlackRock in connection with the MLIM Transaction, and (3) certain specified tax covenants.\nManagement believes that the likelihood of any liability arising under these indemnification provisions is remote.\nManagement cannot estimate any potential maximum exposure due both to the remoteness of any potential claims and the fact that items that would be included within any such calculated claim would be beyond the control of BlackRock.\nConsequently, no liability has been recorded on the consolidated statements of financial condition.13."}
{"_id": "d8cd214ba", "title": "", "text": "Notes to Consolidated Financial Statements Note 18.\nCommitments and Contingencies  (Continued) undisclosed liabilities.\nCertain provisions of the indemnification agreements survive indefinitely, while others survive until the applicable statutes of limitation expire, or until the agreed upon contract terms expire.\nIn the normal course of business, CNA also provided guarantees, if the primary obligor fails to perform, to holders of structured settlement annuities provided by a previously owned subsidiary, which are estimated to mature through 2120.\nThe potential amount of future payments CNA could be required to pay under these guarantees was approximately $2.0 billion as of December 31, 2015.\nCNA does not believe a payable is likely under these guarantees, as CNA is the beneficiary of a trust that must be maintained at a level that approximates the discounted reserves for these annuities.\nDiamond Offshore In February of 2016, Diamond Offshore entered into a ten-year agreement with GE Oil & Gas (GE) to provide services with respect to certain blowout preventer and related well control equipment on its four newbuild drillships.\nSuch services include management of maintenance, certification and reliability with respect to such equipment.\nIn connection with the services agreement with GE, Diamond Offshore will sell the equipment to a GE affiliate for an aggregate $210 million and will lease back such equipment over separate ten-year operating leases.\nDiamond Offshore does not expect to realize any gain or loss on these sale and leaseback transactions.\nFuture commitments for the full term under the services agreement and leases are estimated to aggregate approximately $650 million.\nDiamond Offshore is financially obligated under a contract with Hyundai Heavy Industries, Co.  Ltd.  (Hyundai) for the construction of a dynamically positioned, harsh environment semisubmersible drilling rig.\nThe total cost of the rig including shipyard costs, capital spares, commissioning, project management and shipyard supervision is estimated to be $764 million.\nThe remaining contractual payment of $440 million is due upon delivery of the rig, which is expected to occur in mid-2016."}
{"_id": "d8a3a41be", "title": "", "text": "| December 31, 2006 December 31, 2005 | Carrying   Value | (In millions) | Commercial mortgage loans | Agricultural mortgage loans | Consumer loans | Total | December 31, 2006 | Carrying | Value | (In millions) | Region | Pacific | South Atlantic | Middle Atlantic | East North Central | West South Central | New England | International | Mountain | West North Central | East South Central | Other | Total | Property Type | Office | Retail | Apartments | Industrial | Hotel | Other | Total |"}
{"_id": "d88d47d62", "title": "", "text": "| (In Millions) | 2002 net revenue | March 2002 settlement agreement | Volume/weather | Asset retirement obligation | Net wholesale revenue | Deferred fuel cost revisions | Other | 2003 net revenue |"}
{"_id": "d83374420", "title": "", "text": "| Year Ended December 31 2015 over 2014 2014 over 2013 | ($ in millions) | FAS expense | CAS cost | FAS/CAS Adjustment |"}
{"_id": "d8afd3bba", "title": "", "text": "Interest expense, net was $26.4 million, $14.6 million, and $5.3 million for the years ended December 31, 2016, 2015 and 2014, respectively.\nInterest expense includes the amortization of deferred financing costs, bank fees, capital and built-to-suit lease interest and interest expense under the credit and other long term debt facilities.\nAmortization of deferred financing costs was $1.2 million, $0.8 million, and $0.6 million for the years ended December 31, 2016, 2015 and 2014, respectively.\nThe Company monitors the financial health and stability of its lenders under the credit and other long term debt facilities, however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities.6.\nCommitments and Contingencies Obligations Under Operating Leases The Company leases warehouse space, office facilities, space for its brand and factory house stores and certain equipment under non-cancelable operating leases.\nThe leases expire at various dates through 2033, excluding extensions at the Companys option, and include provisions for rental adjustments.\nThe table below includes executed lease agreements for brand and factory house stores that the Company did not yet occupy as of December 31, 2016 and does not include contingent rent the Company may incur at its stores based on future sales above a specified minimum or payments made for maintenance, insurance and real estate taxes.\nThe following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of December 31, 2016 as well as significant operating lease agreements entered into during the period after December 31, 2016 through the date of this report:"}
{"_id": "d8f29f5c0", "title": "", "text": "See Note 1 to the Consolidated Financial Statements for further information on our revenue recognition accounting policies.\nClients Our large and diverse client base includes many of the most recognizable companies and brands throughout the world.\nOur holding company structure allows us to maintain a diversified client base across and within a full range of industry sectors.\nIn the aggregate, our top ten clients based on revenue accounted for approximately 21% of revenue in 2013 and 2012.\nOur largest client accounted for approximately 5% of revenue for 2013 and 2012.\nBased on revenue for the year ended December 31, 2013, our five largest clients (in alphabetical order) were General Motors, Johnson & Johnson, L’Oréal, Microsoft and Unilever.\nWe represent several different brands or divisions of each of these clients in a number of geographic markets, as well as provide services across multiple advertising and marketing disciplines, in each case through more than one of our agency brands.\nRepresentation of a client rarely means that we handle advertising for all brands or product lines of the client in all geographical locations.\nAny client may transfer its business from one of our agencies to another one of our agencies or to a competing agency, and a client may reduce its marketing budget at any time.\nManagement’s Discussion and Analysis of Financial Condition and Results of Operations – (continued) (Amounts in Millions, Except Per Share Amounts) Corporate and other expenses decreased slightly during 2012 by $4.7 to $137.3 compared to 2011, primarily due to lower office and general expenses, partially offset by an increase in temporary help to support our information-technology system-upgrade initiatives."}
{"_id": "d89aed5b6", "title": "", "text": "Notes to consolidated financial statements Securities lending indemnifications Through the Firms securities lending program, counterparties securities, via custodial and non-custodial arrangements, may be lent to third parties.\nAs part of this program, the Firm provides an indemnification in the lending agreements which protects the lender against the failure of the borrower to return the lent securities.\nTo minimize its liability under these indemnification agreements, the Firm obtains cash or other highly liquid collateral with a market value exceeding 100% of the value of the securities on loan from the borrower.\nCollateral is marked to market daily to help assure that collateralization is adequate.\nAdditional collateral is called from the borrower if a shortfall exists, or collateral may be released to the borrower in the event of overcollateralization.\nIf a borrower defaults, the Firm would use the collateral held to purchase replacement securities in the market or to credit the lending client or counterparty with the cash equivalent thereof.\nDerivatives qualifying as guarantees The Firm transacts certain derivative contracts that have the characteristics of a guarantee under U. S.  GAAP.\nThese contracts include written put options that require the Firm to purchase assets upon exercise by the option holder at a specified price by a specified date in the future.\nThe Firm may enter into written put option contracts in order to meet client needs, or for other trading purposes.\nThe terms of written put options are typically five years or less.\nDerivatives deemed to be guarantees also includes stable value contracts, commonly referred to as stable value products, that require the Firm to make a payment of the difference between the market value and the book value of a counterpartys reference portfolio of assets in the event that market value is less than book value and certain other conditions have been met.\nStable value products are transacted in order to allow investors to realize investment returns with less volatility than an unprotected portfolio.\nThese contracts are typically longer-term or may have no stated maturity, but allow the Firm to elect to terminate the contract under certain conditions.\nThe notional value of derivatives guarantees generally represents the Firms maximum exposure.\nHowever, exposure to certain stable value products is contractually limited to a substantially lower percentage of the notional amount.\nThe fair value of derivative guarantees reflects the probability, in the Firms view, of whether the Firm will be required to perform under the contract.\nThe Firm reduces exposures to these contracts by entering into offsetting transactions, or by entering into contracts that hedge the market risk related to the derivative guarantees.\nThe following table summarizes the derivatives qualifying as guarantees as of December 31, 2018 and 2017."}
{"_id": "d8b459144", "title": "", "text": "CDW CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS holders of Class B Common Units in connection with the distribution is subject to any vesting provisions previously applicable to the holders Class B Common Units.\nClass B Common Unit holders received 3,798,508 shares of restricted stock with respect to Class B Common Units that had not yet vested at the time of the distribution.\nFor the year ended December 31, 2013, 1,200,544 shares of such restricted stock vested/settled and 5,931 shares were forfeited.\nAs of December 31, 2013, 2,592,033 shares of restricted stock were outstanding.\nStock Options In addition, in connection with the IPO, the Company issued 1,268,986 stock options to the Class B Common Unit holders to preserve their fully diluted equity ownership percentage.\nThese options were issued with a per-share exercise price equal to the IPO price of $17.00 and are also subject to the same vesting provisions as the Class B Common Units to which they relate.\nThe Company also granted 19,412 stock options under the 2013 LTIP during the year ended December 31, 2013.\nRestricted Stock Units (RSUs) In connection with the IPO, the Company granted 1,416,543 RSUs under the 2013 LTIP at a weightedaverage grant-date fair value of $17.03 per unit.\nThe RSUs cliff-vest at the end of four years.\nValuation Information The Company attributes the value of equity-based compensation awards to the various periods during which the recipient must perform services in order to vest in the award using the straight-line method.\nPost-IPO Equity Awards The Company has elected to use the Black-Scholes option pricing model to estimate the fair value of stock options granted.\nThe Black-Scholes option pricing model incorporates various assumptions including volatility, expected term, risk-free interest rates and dividend yields.\nThe assumptions used to value the stock options granted during the year ended December 31, 2013 are presented below."}
{"_id": "d8d1db244", "title": "", "text": "x The Committee's assessment of other elements of compensation provided to the Named Executive Officer.\nThe corporate and business unit goals and objectives vary by individual officers and include, among other things, corporate and business unit financial performance, capital expenditures, cost containment, safety, reliability, customer service, business development and regulatory matters.\nThe use of \ninternal pay equity\nin setting merit increases is limited to determining whether a change in an executive officer's role and responsibilities relative to other executive officers requires an adjustment in the officer's salary.\nThe Committee has not established any predetermined formula against which the base salary of one Named Executive Officer is measured against another officer or employee.\nIn 2008, on the basis of the market data and other factors described above, merit-based salary increases for the Named Executive Officers were approved in amounts ranging from 3.2 to 5.2 percent.\nIn general these merit-based increases were consistent with the merit increase percentages approved with respect to Named Executive Officers in the last two years (excluding adjustments in salaries related to market factors, promotions or other changes in job responsibilities).\nThe following table sets forth the 2007 base salaries for the Named Executive Officers, the 2008 percentage increase and the resulting 2008 base salary."}
{"_id": "d8e08335a", "title": "", "text": "| Less than 12 Months 12 Months or Greater Total | At December 31, 2009 | U.S. government obligations | Mortgage-backed securities | $ 9,367 | At December 31, 2008 | Corporate bonds | Government guaranteed | corporate bonds | Mortgage-backed securities | Other asset-backed securities | Equity securities | $39,167 |"}
{"_id": "d8ec82106", "title": "", "text": "Audit of Employee Stock Ownership Plan Transaction The IRS is currently auditing the Companys federal tax returns for the 2000, 2001 and 2002 fiscal years.\nAs part of that audit, the IRS is reviewing a leveraged employee stock ownership plan (ESOP) feature of the Companys Employees Profit Sharing, Retirement and Savings Plan and Trust (the Plan) that was implemented in a transaction (the ESOP Transaction) on June 13, 2000.\nPrincipal and interest on the debt related to the transaction was forgiven over a 26-month period as a mechanism for funding Company contributions of elective deferrals and matching contributions to the Plan.\nThe Company claimed federal income tax deductions for the forgiven principal on the debt in the amount of $1 billion over that period, along with forgiven interest on the debt.\nThe benefit related to the tax deductions was reflected in equity and did not flow through the provision for income taxes.\nBased on discussions with the IRS during the course of the audit, the IRS may seek to disallow some or all of the deductions related to the ESOP Transaction, and may seek to impose other taxes, penalties, and interest, including excise taxes for prohibited transactions under Section 4975 of the Internal Revenue Code of 1986, as amended.\nIn a January 19, 2007, letter to the Company, the U. S.  Department of Labor confirmed that it is reviewing the ESOP Transaction.\nThe Company has retained counsel to assist with the audit process and to respond to any claims or assessments the IRS or Department of Labor issues.\nAlthough we are early in the process of closing this audit, we do not expect the result of the audit to have a material impact on either equity for any lost deductions or earnings for interest or penalties, if any, related to the ESOP Transaction."}
{"_id": "d8ab7e9c0", "title": "", "text": "| Years ended December 31 (in millions) 2013 2012 2011 | Balance at beginning of period | Acquisitions | Accretion | Reclassification from nonaccretable difference forloans with improved cash flows -1 | Other changes in expected cash flows -2 | Balance at end of period |"}
{"_id": "d8402e864", "title": "", "text": "| GAAP As adjusted | (in millions) | Operating income-1 | Total nonoperating income (expense)(1)(2) | Income before income taxes-2 | Income tax expense-3 | Effective tax rate-3 |"}
{"_id": "d8e62f736", "title": "", "text": "Intangible Assets The Company reviews finite-lived intangible assets for impairment whenever events or changes in circumstances indicate that the carrying value of assets may not be recoverable.\nRecoverability of these assets is determined by comparison of their carrying value to the estimated future undiscounted cash flows the assets are expected to generate over their remaining"}
{"_id": "d8247e1a0", "title": "", "text": "Note 6 - Employee Benefit Plans Pension Plan and Other Postretirement Benefit Plans The Company has a non-contributory defined benefit pension plan covering substantially all of its domestic employees.\nThe benefits are based on an employee’s years of service and average earnings for the 60 consecutive calendar months of highest compensation.\nThe Company also has an unfunded restoration plan to ensure payments of amounts for which employees are entitled under the provisions of the pension plan, but which are subject to limitations imposed by federal tax laws.\nThe Company’s funding policy has been to make annual contributions equal to the actuarially computed liability to the extent such amounts are deductible for income tax purposes.\nPlan assets consist of equity securities and fixed income investments.\nThe Company sponsors other plans for the benefit of its employees and retirees."}
{"_id": "d8f7484fa", "title": "", "text": "| Fiscal Year EndedSeptember 30, $ Change % Change-1 | 2016-2 | (in millions, except percentages) | Service revenues | Data processing revenues | International transaction revenues | Other revenues | Client incentives | Net operating revenues |"}
{"_id": "d87a5cbe4", "title": "", "text": "Additional information pertaining to stock option plans is provided in the table below:"}
{"_id": "d8d504a10", "title": "", "text": "| 12/28/02 1/3/04 1/1/05 12/31/05 12/30/06 12/29/07 | Cadence Design Systems, Inc. | S & P 500 | NASDAQ Composite | S & P Information Technology |"}
{"_id": "d8753478e", "title": "", "text": "JPMorgan Chase has recorded deferred tax assets of $2.2 billion at December 31, 2016, in connection with U. S.  federal and non-U.\nS.  NOL carryforwards and foreign tax credit carryforwards.\nAt December 31, 2016, total U. S.  federal NOL carryforwards were approximately $3.8 billion and non-U.\nS.  NOL carryforwards were $142 million.\nIf not utilized, the U. S.  federal NOL carryforwards will expire between 2025 and 2036 and the non-U.\nS.  NOL carryforwards will expire in 2017.\nForeign tax credit carryforwards were $776 million and will expire between 2022 and 2026.\nThe valuation allowance at December 31, 2016, was due to losses associated with non-U.\nS.  subsidiaries."}
{"_id": "d8c2f10bc", "title": "", "text": "Long Canyon, USA.\nGold production decreased 2% primarily due to lower ore grade mined.\nCosts applicable to sales per ounce increased 25% primarily due to lower ore grade mined.\nDepreciation and amortization per ounce increased 5% primarily due to lower ounces sold.\nAll-in sustaining costs per ounce increased 39% primarily due to higher costs applicable to sales per ounce and higher sustaining capital spend."}
{"_id": "d85d723f8", "title": "", "text": "Performance Overview Net income was $1.4 billion in 2011 compared to a net loss of $2.2 billion in 2010.\nAfter preferred stock dividends of $1.4 billion in both 2011 and 2010, net income applicable to common shareholders was $85 million, or $0.01 per diluted common share in 2011 compared to a net loss of $3.6 billion, or $0.37 per diluted common share in 2010.\nThe principal contributors to the pre-tax net income in 2011 were the following: gains of $6.5 billion on the sale of CCB shares (we currently hold approximately one percent of the outstanding common shares), a $7.4 billion reduction in the allowance for credit losses, $3.4 billion of gains on sales of debt securities, positive fair value adjustments of $3.3 billion related to our own credit spreads on structured liabilities, a $1.2 billion gain on the exchange of certain trust preferred securities for common stock and debt and DVA gains on derivatives of $1.0 billion, net of hedges.\nThese contributors were offset by $15.6 billion in representations and warranties provision, litigation expense of $5.6 billion, goodwill impairment charges of $3.2 billion, $1.8 billion of mortgage-related assessments and waivers costs, and $1.1 billion of impairment charges on our merchant services joint venture."}
{"_id": "d8961a458", "title": "", "text": "| Cash and cash equivalents $ 75 | Receivables, net | Inventories, net | Other current assets | Property, plant and equipment | Goodwill | Intangible assets: | Customer programs | Trademarks | Other noncurrent assets | Deferred income taxes, noncurrent | Total identifiable assets and goodwill | Accounts payable | Customer advances and amounts in excess of costs incurred | Salaries, benefits, and payroll taxes | Other current liabilities | Customer contractual obligations(a) | Other noncurrent liabilities | Total liabilities assumed | Total consideration |"}
{"_id": "d8ed4336a", "title": "", "text": "Goodwill Goodwill represents the excess of the purchase price over the fair value of the net assets acquired in business combinations.\nAt November 30, 2006 and 2005, goodwill was $257.8 million and $253.1 million, respectively.\nDuring fiscal 2006, the Companys goodwill had a net increase of $4.7 million due to an acquisition by the Financial Services segment and payment of contingent consideration related to prior period acquisitions.\nDuring fiscal 2005, the Companys goodwill increased $13.8 million due to 2005 acquisitions and payment of contingent consideration related to prior period acquisitions.\nGoodwill is included in the assets of the Homebuilding segments ($196.6 million and $195.2 million, respectively, at November 30, 2006 and 2005) and the assets of the Financial Services segment ($61.2 million and $58.0 million, respectively, at November 30, 2006 and 2005) in the consolidated balance sheets.\nThe Company reviews goodwill annually (or whenever indicators of impairment exist) for impairment in accordance with SFAS No.142, Goodwill and Other Intangible Assets.\nThe Company performed its annual impairment test of goodwill as of September 30, 2006 and determined that goodwill was not impaired.\nNo impairment was recorded during the years ended November 30, 2006, 2005 or 2004.\nAs of November 30, 2006 and 2005, there were no material identifiable intangible assets, other than goodwill."}
{"_id": "d8b3e3232", "title": "", "text": "| December 31 (In billions) 2010 2009 | U.S. | Europe | Pacific Basin | Americas | Other Global | Total |"}
{"_id": "d87f4fdd6", "title": "", "text": "| Pension Postretirement | 2016 | Discount rates: | Service cost | Interest cost | Expected rate of return on plan assets | Rate of compensation increase | Health care cost trend rate |"}
{"_id": "d8d3fbd26", "title": "", "text": "MSR (This section should be read in conjunction with Note 6 of the Notes to the Consolidated Financial Statements. )\nAt December 31, 2013 we had a total of $162.3 million of capitalized MSRs representing the right to service $15.2 billion in mortgage loans.\nOf this $162.3 million, $34.2 million was recorded using the fair value method and $128.1 million was recorded using the amortization method.\nOperating profit for the segment decreased by 1% in 2010 compared to 2009.\nFor the year, operating profit declines in Defense more than offset an increase in Civil, while operating profit at Intelligence essentially was unchanged.\nThe $27 million decrease in operating profit at Defense primarily was attributable to a decrease in the level of favorable performance adjustments on mission and combat systems activities in 2010.\nThe $19 million increase in Civil principally was due to higher volume on enterprise civilian services.\nOperating profit for the segment decreased by 3% in 2009 compared to 2008.\nOperating profit declines in Civil and Intelligence partially were offset by growth in Defense.\nThe decrease of $29 million in Civil’s operating profit primarily was attributable to a reduction in the level of favorable performance adjustments on enterprise civilian services programs in 2009 compared to 2008.\nThe decrease in operating profit of $27 million at Intelligence mainly was due to a reduction in the level of favorable performance adjustments on security solution activities in 2009 compared to 2008.\nThe increase in Defense’s operating profit of $29 million mainly was due to volume and improved performance in mission and combat systems.\nThe decrease in backlog during 2010 compared to 2009 mainly was due to higher sales volume on enterprise civilian service programs at Civil, including volume associated with the DRIS 2010 program, and mission and combat system programs at Defense.\nBacklog decreased in 2009 compared to 2008 due to U. S.  Government’s exercise of the termination for convenience clause on the TSAT Mission Operations System (TMOS) contract at Defense, which resulted in a $1.6 billion reduction in orders.\nThis decline more than offset increased orders on enterprise civilian services programs at Civil.\nWe expect IS&GS will experience a low single digit percentage decrease in sales for 2011 as compared to 2010.\nThis decline primarily is due to completion of most of the work associated with the DRIS 2010 program.\nOperating profit in 2011 is expected to decline in relationship to the decline in sales volume, while operating margins are expected to be comparable between the years."}
{"_id": "d8a2e98c8", "title": "", "text": "| 2012 2011 2010 | Cash, cash equivalents and marketable securities | Accounts receivable, net | Inventories | Working capital | Annual operating cash flow | 2007 | Years Ended December 31 | RS and RSU outstanding at January 1 | Granted | Vested | Terminated, canceled or expired | RS and RSU outstanding at December 31 | Continuing Operations | Years Ended December 31 | Earnings (loss): | Earnings (loss), as reported | Add: Share-based employee compensation expense included in reported earnings, net of related tax effects | Deduct: Share-based employee compensation expense determined under fair value-based method for all awards, net of related tax effects | Pro forma earnings (loss) | Basic earnings (loss) per common share: | As reported | Pro forma | Diluted earnings (loss) per common share: | As reported | Pro forma |"}
{"_id": "d8f3c11c4", "title": "", "text": "| Predecessor | Jurisdiction(s) | Brazil | Various non-U.S. | South Korea | Various non-U.S. | Australia | Texas | Spain | United Kingdom |"}
{"_id": "d824b7e64", "title": "", "text": "Enterprises Enterprises, through various subsidiaries and certain equity investments, is engaged primarily in domestic independent power production.\nEnterprises’ operating revenue included in Continuing Operations in our consolidated financial statements was $383 million in 2007, $438 million in 2006, and $693 million in 2005.\nOperating revenue included in Discontinued Operations in our consolidated financial statements was $235 million in 2007, $684 million in 2006, and $409 million in 2005.\nIn 2007, Enterprises made a significant change in business strategy by exiting the international marketplace and refocusing its business strategy to concentrate on its independent power business in the United States.\nIndependent Power Production CMS Generation was formed in 1986.\nIt invested in and operated non-utility power generation plants in the United States and abroad.\nThe independent power production business segment’s operating revenue included in Continuing Operations in our consolidated financial statements was $41 million in 2007, $103 million in 2006, and $104 million in 2005.\nOperating revenue included in Discontinued Operations in our consolidated financial statements was $124 million in 2007, $437 million in 2006, and $211 million in 2005.\nIn 2007, Enterprises sold CMS Generation and all of its international assets and power production facilities and transferred its domestic independent power plant operations to its subsidiary, Hydra-Co.  For more information on the asset sales, see ITEM 8.\nCMS ENERGY’S FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA — NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — NOTE 2."}
{"_id": "d8922bf2c", "title": "", "text": "million ($27.6 million at such time) annually under its transmission contract with ITVD.\nITVD represented approximately 12% of the 2001 revenues of CCUK and approximately 3% of the 2001 consolidated revenues of the Company.\nIn August 2002, the ITC granted the DTT multiplex licenses previously held by ITVD to CCUK (multiplex C and D) and the BBC (multiplex B, bringing the BBCs total to two licenses).\nThe DTT multiplex licenses awarded to CCUK have a term of 12 years, and CCUK has the right to renew the licenses for an additional term of 12 years subject to satisfaction of certain performance criteria.\nNo license fees were paid to the U. K.  government with respect to the award of the multiplex licenses other than an approximately $76,000 application fee.\nFollowing the award of such licenses, the current U. K.  DTT multiplex licensing structure is as follows:"}
{"_id": "d8ced75a2", "title": "", "text": "| Pension Benefits Other Postretirement Benefits | 2009 | Weighted-average assumptions | Discount rate (beginning of period) | Discount rate (end of period) | Rate of increase in compensation levels (beginning of period) | Rate of increase in compensation levels (end of period) | Expected return on plan assets (beginning of period) | Health care cost trend rates (beginning of period) | Health care cost trend rates (end of period) | For 2009, 2008 and 2007, the ultimate health care cost trend rate after gradual decrease until: 2014, 2012, 2009 (beginning ofperiod) | For 2009, 2008 and 2007, the ultimate health care cost trend rate after gradual decrease until: 2015, 2014, 2012 (end of period) |"}
{"_id": "d89c034dc", "title": "", "text": "Additional losses, including those relating to latent injuries and other exposures, which are as yet unrecognized, the type or magnitude of which cannot be foreseen by either the Company or the industry, may emerge in the future.\nSuch future emergence could have material adverse effects on the Company’s future financial condition, results of operations and cash flows.\nFuture Policy Benefit Reserves.\nThe Company wrote a limited amount of life and annuity reinsurance in its Bermuda segment.\nFuture policy benefit liabilities for annuities are reported at the accumulated fund balance of these contracts.\nReserves for those liabilities include mortality provisions with respect to life and annuity claims, both reported and unreported.\nActual experience in a particular period may be worse than assumed experience and, consequently, may adversely affect the Company’s operating results for that period.\nSee ITEM 8, “Financial Statements and Supplementary Data” - Note 1F of Notes to Consolidated Financial Statements.\nActivity in the reserve for future policy benefits is summarized for the periods indicated:"}
{"_id": "d8712c510", "title": "", "text": "Item 3.\nLegal Proceedings.\nInformation with respect to certain legal proceedings is included in Note 5 to the consolidated financial statements contained in Item 8.\nFinancial Statements and Supplementary Data, and is incorporated herein by reference."}
{"_id": "d8bc0f686", "title": "", "text": "| Location Number of   Doors(a) | United States and Canada | Europe | Japan | Total |"}
{"_id": "d85f62028", "title": "", "text": "| For the fiscal years ended October 31 | 2013 | In millions | Net revenue | Earnings from operations | Earnings from operations as a % of net revenue |"}
{"_id": "d89392f28", "title": "", "text": "Warranties The Company generally provides a one-year warranty on sequencing, genotyping and gene expression systems.\nAt the time revenue is recognized, the Company establishes an accrual for estimated warranty expenses associated with system sales.\nThis expense is recorded as a component of cost of product revenue.\nEstimated warranty expenses associated with extended maintenance contracts are recorded as cost of revenue ratably over the term of the maintenance contract.\nChanges in the Company’s reserve for product warranties from January 1, 2006 through December 28, 2008 are as follows (in thousands):"}
{"_id": "d815dd8ee", "title": "", "text": "| December 31, 2009 | (Dollars in millions) | Long-term debt and capital leases | Operating lease obligations | Purchase obligations | Other long-term liabilities | Total long-term debt and other obligations |"}
{"_id": "d8983be1c", "title": "", "text": "of exiting a business in Japan, economic weakness in Asia and political unrest in Thailand, partially offset by growth in New Zealand and certain emerging markets.\nReinsurance commissions, fees and other revenue increased 48%, due mainly to the Benfield merger, partially offset by unfavorable foreign currency translation.\nOrganic revenue is even with 2008, as growth in domestic treaty business and slightly higher pricing was offset by greater client retention, and declines in investment banking and facultative placements.\nOperating Income Operating income increased $54 million or 6% from 2008 to $900 million in 2009.\nIn 2009, operating income margins in this segment were 14.3%, up 60 basis points from 13.7% in 2008.\nContributing to increased operating income and margins were the merger with Benfield, lower E&O costs due to insurance recoveries, a pension curtailment gain of $54 million in 2009 versus a curtailment loss of $6 million in 2008, declines in anti-corruption and compliance initiative costs of $35 million, restructuring savings, and other cost savings initiatives.\nThese items were partially offset by an increase of $140 million in restructuring costs, $95 million of lower fiduciary investment income, Benfield integration costs and higher amortization of intangible assets obtained in the merger, and unfavorable foreign currency translation."}
{"_id": "d87f6f0fa", "title": "", "text": "| Immediate change in rates | December 31,(in millions) | 2012 | 2011 |"}
{"_id": "d88a932c4", "title": "", "text": "by a $1.4 billion increase in average loans and an increase in net FTPcredits, partially offset by lower loan yields.\nAverage deposits increased $1.4 billion.\nThe provision for credit losses of $28 million in 2014 increased $10 million from the prior year, primarily due to an increase in general Middle Market, partially offset by decreases in almost all other business lines.\nNet credit-related charge-offs of $22 million in 2014 decreased $5 million compared to 2013, primarily reflecting decreases in most lines of business, partially offset by increases in Technology and Life Sciences and general Middle Market.\nNoninterest income of $147 million in 2014 decreased $3 million from the prior year, primarily due to decreases of $3 million each in warrant income and securities trading income, partially offset by smaller increases in foreign exchange income, card fees and several other categories of noninterest income.\nNoninterest expenses of $401 million in 2014 increased $5 million from the prior year, primarily reflecting a $7 million increase in corporate overhead expenses and small increases in several other noninterest expense categories, partially offset by a $6 million decrease in salaries and benefits expense and a $5 million decrease in losses related to foreclosed property.\nSee the Business Bank discussion for an explanation of the increase in corporate overhead expense.\nThe Texas market's net income decreased $17 million to $160 million in 2014, compared to $177 million in 2013.\nNet interest income (FTE) of $542 million in 2014 increased $1 million from the prior year, primarily due to the benefit provided by a $965 million increase in average loans and lower deposit rates, partially offset by lower loan yields and a decrease in accretion of the purchase discount on the acquired loan portfolio.\nAverage deposits increased $517 million.\nThe provision for credit losses of $50 million in 2014 increased $15 million from the prior year, primarily reflecting increases in Energy, Commercial Real Estate and Technology and Life Sciences, partially offset by a decrease in Small Business.\nRefer to the \"Allowance for Credit Losses\" and \"Energy Lending\" subheadings in the Risk Management section of this financial review for a discussion of the impact of the significant decline in oil and gas prices in the late third and fourth quarters of 2014 on the Corporation's portfolio of energy-related loans.\nNet credit-related charge-offs of $9 million for 2014 decreased $11 million from the prior year, with decreases in almost all lines of business.\nNoninterest income of $129 million in 2014 decreased $3 million from the prior year, primarily due to a decrease in syndication fees, a component of commercial lending fees.\nNoninterest expenses of $369 million in 2014 increased $6 million from 2013, primarily due to an $8 million increase in corporate overhead expenses, partially offset by small decreases in several other categories of noninterest expenses.\nSee the Business Bank discussion, above, for an explanation of the increase in corporate overhead expense.\nNet income in Other Markets of $221 million in 2014 increased $13 million compared to $208 million in 2013.\nNet interest income (FTE) of $312 million in 2014 decreased $1 million from the prior year, primarily due to the impact of a decrease in average loans of $76 million and lower loan yields, partially offset by an increase in net FTPcredits.\nAverage deposits increased $476 million.\nThe provision for credit losses decreased $26 million in 2014, compared to the prior year, primarily reflecting decreases in general Middle Market, Environmental Services and Commercial Real Estate, partially offset by an increase in Mortgage Banker Finance.\nNet credit-related recoveries were $14 million in 2014 compared to net charge-offs of $20 million in 2013, primarily reflecting decreases in general Middle Market, Commercial Real Estate and Environmental Services.\nNoninterest income of $166 million in 2014 decreased $4 million from the prior year, primarily reflecting a $5 million decrease in income from the Corporation's third-party credit card provider, largely due to a change in the timing of the recognition of incentives from annually to quarterly in the third quarter 2013 and small decreases in several other noninterest income categories, partially offset by a $4 million increase in fiduciary income.\nNoninterest expenses of $200 million in 2014 increased $3 million compared to the prior year, primarily due to a $3 million increase in corporate overhead expenses, a $3 million increase in efficiency-related occupancy expenses and small increases in several other noninterest expense categories, partially offset by a $7 million decrease in salaries and benefits expense.\nSee the Business Banking discussion for an explanation of the increase in corporate overhead expense.\nThe net loss for the Finance & Other category of $357 million in 2014 decreased $16 million compared to 2013, primarily reflecting a $19 million decrease in net loss in the Finance segment, largely due to the third quarter 2014 gain of $32 million on the early redemption of debt as previously discussed under the \"Business Segments\" subheading above."}
{"_id": "d815895aa", "title": "", "text": "| (millions of dollars) 2010 2009 2008 | Year Ended December 31, | Earnings (loss) before taxes | Provision for income taxes: | Current: | Federal/foreign | State | Total current | Deferred | Total provision for income taxes | Effective tax rate |"}
{"_id": "d8cfb218e", "title": "", "text": "| 2008 2007 | Carrying Amount | 6.95% Senior Notes due 2009 | 5.375% Senior Notes-1 due 2008 | 5.625% Senior Notes due 2013 | 6.875% Senior Notes due 2033 | 3% Convertible Senior Notes | Other foreign loans | Other loans | Total debt |"}
{"_id": "d8cd8092e", "title": "", "text": "| For the Year 2006 | Life | Distribution Channel | United American Independent | Liberty National Exclusive | American Income Exclusive | Direct Response | United American Branch Office | Military | Medicare Part D | Other | $1,524,267 | For the Year 2005 | Life | Distribution Channel | United American Independent | Liberty National Exclusive | American Income Exclusive | Direct Response | United American Branch Office | Military | Other | $1,468,288 | For the Year 2004 | Life | Distribution Channel | United American Independent | Liberty National Exclusive | American Income Exclusive | Direct Response | United American Branch Office | Military | Other | $1,395,490 | For the Year | 2014 | Cost of acquisitions: | Investment-grade corporate securities | Taxable municipal securities | Other investment-grade securities | Total fixed-maturity acquisitions | Effective annual yield (one year compounded*) | Average life (in years, to next call) | Average life (in years to maturity) | Average rating |"}
{"_id": "d896ad348", "title": "", "text": "| Ratio of Earnings to Fixed Charges | 2012 | Con Edison | CECONY |"}
{"_id": "d8ac36d40", "title": "", "text": "Commission and brokerage decreased by 2.6% to $298.2 million in 2015 compared to $306.2 million in 2014.\nThe decrease was mainly due to the impact of the decrease in premiums earned and changes in the mix of business.\nSegment other underwriting expenses decreased slightly to $34.3 million in 2015 compared to $34.6 million in 2014."}
{"_id": "d8ab7eb64", "title": "", "text": "| (dollars in millions) Balance Yield/Rate | Earning assets: | Short-term investments | Securities | Loans | Total earning assets | Funding liabilities: | Non-interest-bearing deposits | Savings, interest-bearing checking and money market deposits | Time deposits | Borrowings | Notes and debentures | Total funding liabilities |"}
{"_id": "d87d040d6", "title": "", "text": "| Net Minimum Commitments Total 2013 2014-2015 2016-2017 2018 & Beyond | (In millions) | Drilling rig commitments-1 | Purchase obligations-2 | Firm transportation agreements-3 | Office and related equipment-4 | Other operating lease obligations-5 | Total Net Minimum Commitments |"}
{"_id": "d86ce3bac", "title": "", "text": "CITIZENS FINANCIAL GROUP, INC.  MANAGEMENT’S DISCUSSION AND ANALYSIS 72 Our capital levels are evaluated and managed centrally, however, capital is allocated to the operating segments to support evaluation of business performance.\nOperating segments are allocated capital on a risk-adjusted basis considering economic and regulatory capital requirements.\nWe approximate that regulatory capital is equivalent to a sustainable target level for common equity tier 1 and then allocate that approximation to the segments based on economic capital.\nInterest income and expense is determined based on the assets and liabilities managed by the business segment.\nBecause funding and asset liability management is a central function, funds transfer-pricing methodologies are utilized to allocate a cost of funds used, or credit for the funds provided, to all business segment assets, liabilities and capital, respectively, using a matched-funding concept.\nThe residual effect on net interest income of asset/liability management, including the residual net interest income related to the funds transfer pricing process, is included in Other.\nProvision for credit losses is allocated to each business segment based on actual net charge-offs that have been recognized by the business segment.\nThe difference between the consolidated provision for credit losses and the business segments’ net charge- offs is reflected in Other.\nNoninterest income and expense directly managed by each business segment, including fees, service charges, salaries and benefits, and other direct revenues and costs are accounted for within each segment’s financial results in a manner similar to our Consolidated Financial Statements.\nOccupancy costs are allocated based on utilization of facilities by the business segment.\nNoninterest expenses incurred by centrally managed operations or business segments that directly support another business segment’s operations are charged to the applicable business segment based on its utilization of those services.\nIncome taxes are assessed to each business segment at a standard tax rate with the residual tax expense or benefit to arrive at the consolidated effective tax rate included in Other.\nDeveloping and applying methodologies used to allocate items among the business segments is a dynamic process.\nAccordingly, financial results may be revised periodically as management systems are enhanced, methods of evaluating performance or product lines change, or our organizational structure changes."}
{"_id": "d80ee28b4", "title": "", "text": "Scot E.  Warren, 47 Mr.  Warren has served as our Managing Director, Equity Index Products and Index Services since February 2010.\nMr.  Warren previously served as our Managing Director, Equity Products since joining us in 2007.\nPrior to that, Mr.  Warren worked for Goldman Sachs as its President, Manager Trading and Business Analysis Team.\nPrior to Goldman Sachs, Mr.  Warren managed equity and option execution and clearing businesses for ABN Amro in Chicago and was a Senior Consultant for Arthur Andersen & Co.  for financial services firms."}
{"_id": "d87cead48", "title": "", "text": "| Owned Leased U.S. Government- Owned Total | Aeronautics | Information Systems & Global Solutions | Missiles and Fire Control | Mission Systems and Training | Space Systems | Corporate activities | Total | 2002 | Net cash provided by operating activities | Adjustment for items included in cash provided by operating activities but excluded from the calculation of EBITDA and EBIT: | Amortization of bond discount | Non-cash portion of restructuring and other charges (credits) | Non-cash portion of asbestos settlement | Deferred tax provisions | Net loss (gain) on disposals of property and equipment | Changes in operating assets and liabilities, net of businesses acquired | Interest expense | Income tax (benefit) expense | EBITDA | Less: depreciation and amortization | EBIT |"}
{"_id": "d8873b0f4", "title": "", "text": "| Years Ended December 31 Percent Change | (Dollars in millions) | Segment net sales | Operating earnings |"}
{"_id": "d8c803f1e", "title": "", "text": "NORTHROP GRUMMAN CORPORATION -31- Protection Security System, Saudi Arabian American Oil Company, Netcents DKO, F-22 and several other programs, partially offset by higher volume on Encore II and Trailer Mounted Support System programs.\nThe lower civil sales volume is primarily due to the sale of the County of San Diego contract, which reduced sales by $70 million as compared to the same period in 2010, lower volume on the ENM program and completion of the Treasury Communications System program in 2010.\nOperating income for 2011 increased $10 million, or 1 percent, and operating margin rate increased to 9.7 percent from 9.0 percent.\nThe increase is primarily driven by improved performance on several civil programs, including the Virginia Information Technologies Agency Outsource contract and the effect of the sale of the County of San Diego contract, partially offset by the lower sales volume in defense programs described above."}
{"_id": "d8c3ab0de", "title": "", "text": "Management’s Discussion and Analysis of Financial Condition and Results of Operations–(Continued) Life and annuity contract benefits increased 1.2% or $19 million in 2007 compared to 2006 due to increased contract benefits on life insurance products, partially offset by lower contract benefits on annuities.\nIncreased contract benefits on life insurance products in 2007 were primarily due to unfavorable mortality experience, litigation related costs recognized in 2007 in the form of additional policy benefits on certain universal life policies written prior to 1992, and higher contract benefits associated with the Workplace Division.\nThe decline in contract benefits on annuities was mostly attributable to favorable mortality experience on immediate annuities with life contingencies and the absence in 2007 of contract benefits on the reinsured variable annuity business, partially offset by an increase in the implied interest on immediate annuities with life contingencies.\nWe analyze our mortality and morbidity results using the difference between premiums and contract charges earned for the cost of insurance and life and annuity contract benefits excluding the portion related to the implied interest on immediate annuities with life contingencies (‘‘benefit spread’’).\nThis implied interest totaled $552 million, $547 million and $539 million in 2008, 2007 and 2006, respectively.\nThe benefit spread by product group is disclosed in the following table."}
{"_id": "d88ef259a", "title": "", "text": "| Year Ending December 31, 2008 | Volumes Hedged | Natural gas liquids(Bbl/d)(a) | Condensate(Bbl/d)(a) | Total liquid sales(Bbl/d) | (a) - Hedged with fixed-price swaps. | (Thousands of dollars) | Net fair value of derivatives outstanding at December 31, 2006 | Derivatives realized or otherwise settled during the period | Fair value of new derivatives entered into during the period | Other changes in fair value | Net fair value of derivatives outstanding at December 31, 2007 |"}
{"_id": "d87cada4c", "title": "", "text": "| Year Ended December | in millions | Fixed Income, Currency and Commodities Client Execution | Equities client execution1 | Commissions and fees | Securities services | Total Equities | Total net revenues | Operating expenses | Pre-tax earnings |"}
{"_id": "d87a4d194", "title": "", "text": "NM - Not Meaningful Interest income increased during fiscal 2019 compared to fiscal 2018, primarily due to a shift in our investment portfolio to higheryielding investments, partially offset by a decrease in the size of the portfolio.\nInterest income also increased during fiscal 2018 compared to fiscal 2017 due to a shift to higher-yielding investments, with the portfolio size being relatively consistent in each year.\nInterest expense decreased during fiscal 2019 compared to fiscal 2018, primarily due to a reduction in the average amount of interest-bearing debt outstanding.\nInterest expense increased in fiscal 2018 compared to fiscal 2017 primarily as a result of our commercial paper program, which began in the third quarter of fiscal 2017, and the September 2017 issuance of $800 million aggregate principal amount of Senior Notes which have a higher weighted average interest rate than the $750 million aggregate principal amount of Senior Notes extinguished in November 2017.\nThe fluctuations in fiscal 2019 and 2018 compared to the respective prior years are primarily attributable to differences in net foreign exchange gains."}
{"_id": "d820b0ef6", "title": "", "text": "| Company and ARO Description In-Service Date Long-Lived Assets | CMS Energy, including Consumers | Closure of gas treating plant and gas wells | Closure of coal ash disposal areas | Asbestos abatement | Gas distribution cut, purge, and cap | Closure of wind parks | Consumers | Closure of coal ash disposal areas | Asbestos abatement | Gas distribution cut, purge, and cap | Closure of wind parks |"}
{"_id": "d887d2dbe", "title": "", "text": "CDF Croisières de France In January 2014, we redeployed Zenith from Pullmantur to CDF Croisières de France.\nAs a result, as of January 2014, we operate two ships with an aggregate capacity of approximately 2,750 berths under our CDF Croisières de France brand.\nDuring the summer of 2014, CDF Croisières de France will operate both ships in Europe and, for the first time, the brand will operate in the Caribbean during the winter of 2014.\nIn addition, CDF Croisières de France offers seasonal itineraries to the Mediterranean.\nCDF Croisières de France is designed to serve the contemporary segment of the French cruise market by providing a brand tailored for French cruise guests."}
{"_id": "d89b9a9a0", "title": "", "text": "| June 27, 2003 June 28, 2002 | (in millions) | Deferred Tax Assets | Accrued warranty | Inventory valuation accounts | Receivable reserves | Accrued compensation and benefits | Depreciation | Restructuring allowance | Other accruals | Acquisition related items | Net operating losses and tax credit carry-forwards | Other assets | Total Deferred Tax Assets | Valuation allowance | Net Deferred Tax Assets | As Reported on the Balance Sheet | Other current assets | Other assets, net | Net Deferred Tax Assets |"}
{"_id": "d88e03e04", "title": "", "text": "of cash on hand, cash generated by operations, borrowings under our revolving credit facility and future financing transactions.\nUnder the program, management is authorized to purchase shares from time to time through open market purchases or privately negotiated transactions at prevailing prices as permitted by securities laws and other legal requirements, and subject to stock price, business conditions, market conditions and other factors.\nThe repurchase program does not have an expiration date.\nThe above repurchases were funded using cash on hand.\nThere were no repurchases of our Series A common stock or Series B common stock during the three months ended December 31, 2011."}
{"_id": "d8aacb992", "title": "", "text": "Table 37 presents commercial utilized reservable criticized exposure by product type.\nCriticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories as defined by regulatory authorities.\nIn addition to reservable loans and leases, excluding those accounted for under the fair value option, exposure includes SBLCs, financial guarantees, bankers acceptances and commercial letters of credit for which we are legally bound to advance funds under prescribed conditions, during a specified time period.\nAlthough funds have not been advanced, these exposure types are considered utilized for credit risk management purposes.\nTotal commercial utilized reservable criticized exposure decreased $16.1 billion at December 31, 2010 compared to December 31, 2009, due to decreases across all portfolios, primarily U. S.  commercial and commercial real estate driven largely by continued paydowns, payoffs and, to a diminishing extent, charge-offs.\nDespite the improvements, utilized reservable criticized levels remain elevated in commercial real estate.\nAt December 31, 2010, approximately 88 percent of the loans within commercial utilized reservable criticized exposure were secured."}
{"_id": "d8ab7ea9c", "title": "", "text": "Recent Acquisitions On June 22, 2012, People’s United Bank acquired 57 branches from RBS Citizens, N. A.  and assumed approximately $324 million in deposits associated with these branches.\nThe assets acquired, which included cash, premises and equipment, and other assets totaling $15.8 million, and liabilities assumed, which included deposits and other liabilities totaling $324.6 million, were recorded by People’s United Financial at their estimated fair values as of the acquisition date.\nAfter the close of business on June 30, 2011, People’s United Financial acquired Danvers Bancorp, Inc.  (“Danvers”).\nThe transaction was effective July 1, 2011.\nTotal consideration paid in the Danvers acquisition of approximately $462 million consisted of approximately $214 million in cash and 18.5 million shares of People’s United Financial common stock with a fair value of approximately $248 million.\nCash consideration was paid at the rate of $23.00 per share of Danvers common stock and stock consideration was paid at the rate of 1.624 shares of People’s United Financial common stock per share of Danvers common stock.\nThe fair value of the assets acquired and liabilities assumed in the Danvers acquisition totaled $2.8 billion and $2.4 billion, respectively.\nPeople’s United Financial’s results of operations include the results of Danvers beginning with the effective date.\nMerger-related expenses recorded in 2011 totaling $42.9 million related to the Danvers acquisition and acquisitions completed during 2010."}
{"_id": "d8e503ec0", "title": "", "text": "| 2016 2015 2014 2013 | $681 |"}
{"_id": "d86c8b3e4", "title": "", "text": "| September2011 September2012 September2013 September2014 September2015 September2016 | Apple Inc. | S&P 500 Index | S&P Information Technology Index | Dow Jones U.S. Technology Supersector Index | Gold Ounces Sold-1 | 2008 | (in thousands) | Ahafo | Gold Ounces Produced | 2010 | (in thousands) | Ahafo | Attributable to Newmont | Gold or Copper Produced | 2018 | GOLD | Carlin | Phoenix | Twin Creeks | Long Canyon-3 | CC&V | Total / Weighted Average-4 | COPPER | Phoenix | COPPER | Phoenix |"}
{"_id": "d8a779faa", "title": "", "text": "M ANAGEMENT  S D ISCUSSION AND A NALYSIS OF F INANCIAL C ONDITION AND R ESULTS OF O PERATIONS  C ONTINUED O&Rs electric operating revenues decreased $49 million in 2012 compared with 2011 due primarily to lower purchased power costs ($69 million), offset in part by the New York electric rate plan ($12 million).\nO&Rs New York electric delivery revenues are subject to a revenue decoupling mechanism, as a result of which delivery revenues are generally not affected by changes in delivery volumes from levels assumed when rates were approved.\nO&Rs electric sales in New Jersey and Pennsylvania are not subject to a decoupling mechanism, and as a result, changes in such volumes do impact revenues.\nOther electric operating revenues generally reflect changes in regulatory assets and liabilities in accordance with the companys electric rate plan.\nSee Note B to the financial statements in Item Electric delivery volumes in O&Rs service area decreased 1.0 percent in 2012 compared with 2011.\nAfter adjusting for weather and other variations, electric delivery volumes in O&Rs service area increased 0.8 percent in 2012 compared with 2011.\nElectric operating income increased $2 million in 2012 compared with 2011.\nThe increase reflects primarily higher net revenues ($20 million), offset by higher operations and maintenance expense ($9 million, due to higher pension and health care expense), taxes other than income taxes ($6 million, principally property taxes) and depreciation and amortization ($3 million).\nMost of the operating expenses attributable to major storms in 2012 and 2011 were deferred as a regulatory asset.\nGas O&Rs results of gas operations for the year ended December 31, 2012 compared with the year ended December 31, 2011 is as follows"}
{"_id": "d878ee456", "title": "", "text": "| 10/27/2013 10/26/2014 10/25/2015 10/30/2016 10/29/2017 10/28/2018 | Applied Materials | S&P 500 Index | RDG Semiconductor Composite Index |"}
{"_id": "d814c1528", "title": "", "text": "| Years Ended December 31, | (in millions, except per share data) | Revenues: | Premiums | Policy fees | Net investment income | Net realized capital gains (losses) | Other income | Total revenues | Benefits, claims and expenses: | Policyholder benefits and claims incurred | Interest credited to policyholder account balances | Amortization of deferred acquisition costs | Other acquisition and insurance expenses | Interest expense | Net loss on extinguishment of debt | Net (gain) loss on sale of properties and divested businesses | Other expenses | Total benefits, claims and expenses | Income (loss) from continuing operations before income taxes(b) | Income taxes expense (benefit) | Income (loss) from continuing operations | Income (loss) from discontinued operations, net of taxes | Net income (loss) | Net income (loss) attributable to AIG | Income (loss) per common share attributable to AIG common shareholders | Basic and diluted | Income (loss) from continuing operations | Income (loss) from discontinued operations | Net income (loss) attributable to AIG | Dividends declared per common share | Year-end balance sheet data: | Total investments | Total assets | Long-term debt | Total liabilities | Total AIG shareholders' equity | Total equity | Book value per share(a) | Book value per share, excluding Accumulated other comprehensive income (loss)(a)(c) | AIG Property Casualty combined ratio(d) | Other data (from continuing operations): | Other-than-temporary impairments | Adjustment to federal and foreign deferred tax valuation allowance | Amortization of prepaid commitment fee | Catastrophe-related losses |"}
{"_id": "d869b4b98", "title": "", "text": "GUARANTEES AND WARRANTIES In April 2015, we entered into joint venture arrangements in Saudi Arabia.\nAn equity bridge loan has been provided to the joint venture until 2020 to fund equity commitments, and we guaranteed the repayment of our 25% share of this loan.\nOur venture partner guaranteed repayment of their share.\nOur maximum exposure under the guarantee is approximately $100.\nAs of 30 September 2015, we recorded a noncurrent liability of $67.5 for our obligation to make future equity contributions based on the equity bridge loan.\nAir Products has also entered into a sale of equipment contract with the joint venture to engineer, procure, and construct the industrial gas facilities that will supply gases to Saudi Aramco.\nWe will provide bank guarantees to the joint venture of up to $326 to support our performance under the contract.\nWe are party to an equity support agreement and operations guarantee related to an air separation facility constructed in Trinidad for a venture in which we own 50%.\nAt 30 September 2015, maximum potential payments under joint and several guarantees were $30.0.\nExposures under the guarantee decline over time and will be completely extinguished by 2024.\nDuring the first quarter of 2014, we sold the remaining portion of our Homecare business and entered into an operations guarantee related to obligations under certain homecare contracts assigned in connection with the transaction.\nOur maximum potential payment under the guarantee is ￡20 million (approximately $30 at 30 September 2015), and our exposure will be extinguished by 2020.\nTo date, no equity contributions or payments have been made since the inception of these guarantees.\nThe fair value of the above guarantees is not material.\nWe, in the normal course of business operations, have issued product warranties related to equipment sales.\nAlso, contracts often contain standard terms and conditions which typically include a warranty and indemnification to the buyer that the goods and services purchased do not infringe on third-party intellectual property rights.\nThe provision for estimated future costs relating to warranties is not material to the consolidated financial statements.\nWe do not expect that any sum we may have to pay in connection with guarantees and warranties will have a material adverse effect on our consolidated financial condition, liquidity, or results of operations."}
{"_id": "d8b6cc57a", "title": "", "text": "(1) Other represents the impact of consolidation or deconsolidation of funds and reclasses of certain assets between reporting categories.\n(2) Transfers into or out of Level 3 are generally reported as the value as of the beginning of the quarter in which the transfer occurs.\n(3) Unrealized gains or losses related to assets still held at the end of the period do not include amortization or accretion of premiums and discounts.\n(4) Separate account assets represent segregated funds that are invested for certain customers.\nInvestment risks associated with market value changes are borne by the customers, except to the extent of minimum guarantees made by the Company with respect to certain accounts.\nSeparate account liabilities are not included in the above table as they are reported at contract value and not fair value in the Company’s Consolidated Statement of Financial Position.\nIncludes reclassifications to conform to current period presentation.\nTransfers—Transfers into Level 3 for Fixed Maturities Available for Sale—Asset-Backed securities and Trading Account Assets Supporting Insurance Liabilities—Asset-Backed securities include $4,583 million and $188 million, respectively for the year ended December 31, 2009, resulting from the Company’s conclusion that the market for asset-backed securities collateralized by sub-prime mortgages was an inactive market, as discussed above.\nTransfers into Level 3 for Fixed Maturities, Available for Sale—Commercial Mortgage-Backed securities for the year ended December 31, 2009 is primarily the result of over-riding the third party pricing information downward with internally developed valuations for certain securities held in the Japanese insurance operations portfolio.\nTransfers into Level 3 for Commercial Mortgage and Other Loans for the year ended December 31, 2009 is primarily due to downward credit migration of these loans.\nThe downgrade in loans has resulted in the utilization of higher credit spreads, that are internally developed and not observable in the market place.\nThis increase in credit spreads is now considered a significant input in the fair value calculation for these loans.\nTransfers out of Level 3 for Other Trading Account Assets—Asset Backed securities were primarily the result of the use of third party pricing for the securities purchased under TALF.\nIn the first quarter of 2009, these assets were valued internally using a model.\nOther transfers out of Level 3 were typically due to the use of observable inputs in valuation methodologies as well as the utilization of pricing service information for certain assets that the Company was able to validate.\nOther transfers into Level 3 were primarily the result of unobservable inputs utilized within valuation methodologies and the use of broker quotes (that could not be validated) when previously, information from third party pricing services (that could be validated) was utilized.\nPRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements The international business primarily uses reinsurance to obtain experience with respect to certain new product offerings and to a lesser extent, to manage risk and volatility as necessary.\nReinsurance ceded arrangements do not discharge the Company as the primary insurer.\nCeded balances would represent a liability of the Company in the event the reinsurers were unable to meet their obligations to the Company under the terms of the reinsurance agreements.\nReinsurance premiums, commissions, expense reimbursements, benefits and reserves related to reinsured long-duration contracts under coinsurance arrangements are accounted for over the life of the underlying reinsured contracts using assumptions consistent with those used to account for the underlying contracts.\nCoinsurance arrangements contrast with the Company’s yearly renewable term arrangements, where only mortality risk is transferred to the reinsurer and premiums are paid to the reinsurer to reinsure that risk.\nThe mortality risk that is reinsured under yearly renewable term arrangements represents the difference between the stated death benefits in the underlying reinsured contracts and the corresponding reserves or account value carried by the Company on those same contracts.\nThe premiums paid to the reinsurer are based upon negotiated amounts, not on the actual premiums paid by the underlying contract holders to the Company.\nAs yearly renewable term arrangements are usually entered into by the Company with the expectation that the contracts will be inforce for the lives of the underlying policies, they are considered to be long-duration reinsurance contracts.\nThe cost of reinsurance related to short-duration reinsurance contracts is accounted for over the reinsurance contract period.\nThe tables presented below exclude amounts pertaining to the Company’s discontinued operations.\nReinsurance amounts included in the Consolidated Statements of Operations for premiums, policy charges and fees and policyholders’ benefits for the years ended December 31, were as follows:"}
{"_id": "d8a255da8", "title": "", "text": "| (Shares and intrinsic value in thousands) Number of Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value | Outstanding as of February 28, 2013 | Options granted | Options exercised | Options forfeited or expired | Outstanding as of February 28, 2014 | Exercisable as of February 28, 2014 |"}
{"_id": "d817e581c", "title": "", "text": "| Year Ended December 31, | (In thousands, except per share amounts) | Net revenues | Cost of goods sold | Gross profit | Selling, general and administrative expenses | Income from operations | Interest expense, net | Other expense, net | Income before income taxes | Provision for income taxes | Net income | Adjustment payment to Class C | Net income available to all stockholders | Net income available per common share | Basic net income per share of Class A and B common stock | Basic net income per share of Class C common stock | Diluted net income per share of Class A and B common stock | Diluted net income per share of Class C common stock | Basic | Diluted | Basic | Diluted | Dividends declared |"}
{"_id": "d8d480d6e", "title": "", "text": "| -100 -50 0 50 100 | (In millions) | Total market value | % Change in market value from base case | $ Change in market value from base case |"}
{"_id": "d89b67fdc", "title": "", "text": "| Business changes and developments Note 2 Page 195 | Fair value measurement | Fair value option | Derivative instruments | Noninterest revenue | Interest income and interest expense | Pension and other postretirement employee benefit plans | Employee stock-based incentives | Securities | Securities financing activities | Loans | Allowance for credit losses | Variable interest entities | Goodwill and other intangible assets | Premises and equipment | Long-term debt | Income taxes | Off–balance sheet lending-related financial instruments, guarantees and other commitments | Litigation |"}
{"_id": "d8f0f27c2", "title": "", "text": "Our Corporate & Other segment pretax operating loss excludes net realized gains or losses, the impact of consolidating CIEs and restructuring charges.\nOur Corporate & Other segment pretax operating loss was $345 million for the year ended December 31, 2013 compared to $270 million for the prior year.\nOperating losses during the year ended December 31, 2013 included a loss of $31 million primarily due to how we offset accretion from an intercompany transfer of former bank assets.\nApproximately $23 million of this loss was reflected in net investment loss and approximately $8 million was reflected in general and administrative expense.\nThe loss of $23 million in the Corporate & Other segment was offset by the associated incremental accretion income, primarily in the Annuities segment, that relates to the transfer of the bank assets and eliminates on a consolidated basis.\nCorporate & Other segment results also reflected $29 million of higher interest and debt expense compared to the prior year due to $19 million in costs related to the early retirement of $350 million of our senior notes due 2015, as well as higher interest expense due to the issuance of debt in 2013.\nGeneral and administrative expense for the prior year included a $15 million benefit from a settlement with a third-party service provider."}
{"_id": "d8f3101bc", "title": "", "text": "| Cash $27,961 | Accounts receivable | Inventory | Property and equipment | Other tangible assets | Accrued taxes | Accounts payable and accrued expenses | Customer relationships | Business licenses | Trade names | Deferred taxes, net | Goodwill | Purchase Price | Years Ended | September 29, 2012 | Amount | Product Sales | Breast Health | Diagnostics | GYN Surgical | Skeletal Health | $1,657,728 |"}
{"_id": "d8d3ef68e", "title": "", "text": "| Year ended December 31, 2006 gross margin 77.7% | Foreign exchange impact, net | Other | Year ended December 31, 2007 gross margin |"}
{"_id": "d8df6000e", "title": "", "text": "| Interest Rates | Weighted | Range | (In millions) | Senior notes | Repurchase agreements | Surplus notes | Fixed rate notes | Other notes with varying interest rates | Capital lease obligations | Total long-term debt | Total short-term debt | Total |"}
{"_id": "d86e6dca2", "title": "", "text": "| 2009 2008 2007 | Net income (loss) attributable to common shareholders | Less: Dividends on share-based awards expected to vest | Basic net income (loss) attributable to common shareholders | Noncontrolling interest in earnings of common unitholders -1 | Diluted net income (loss) attributable to common shareholders | Weighted average number of common shares outstanding | Weighted average partnership Units outstanding | Other potential dilutive shares -2 | Weighted average number of common shares and potential dilutive securities |"}
{"_id": "d879f63c6", "title": "", "text": "| December 31, 2009 December 31, 2008 | Amount | ($ in millions) | Not subject to discretionary withdrawal provisions | Subject to discretionary withdrawal, with adjustment: | With market value adjustment | At market value | At contract value, less surrender charge of 5% or more | Subtotal | Subject to discretionary withdrawal at contract value with no surrender charge or surrender charge of less than5% | Total annuity reserves and deposit liabilities | December 31, 2008 | Single Name | NAIC Designation | (in millions) | 1 | 2 | Subtotal | 3 | 4 | 5 | 6 | Subtotal | Total |"}
{"_id": "d8865d95c", "title": "", "text": "| 2014 Quarters 2013 Quarters | (Dollars in millions) | Average balance sheet | Total loans and leases | Total assets | Total deposits | Long-term debt | Common shareholders’ equity | Total shareholders’ equity | Asset quality-4 | Allowance for credit losses-5 | Nonperforming loans, leases and foreclosed properties-6 | Allowance for loan and lease losses as a percentage of total loans and leases outstanding-6 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases-6 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases, excluding the PCI loan portfolio-6 | Amounts included in allowance for loan and lease losses for loans and leases that are excluded from nonperforming loans and leases-7 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases, excluding the allowance for loan and lease losses for loans and leases that are excluded from nonperforming loans and leases-6, 7 | Net charge-offs-8 | Annualized net charge-offs as a percentage of average loans and leases outstanding-6, 8 | Annualized net charge-offs as a percentage of average loans and leases outstanding, excluding the PCI loan portfolio-6 | Annualized net charge-offs and PCI write-offs as a percentage of average loans and leases outstanding-6 | Nonperforming loans and leases as a percentage of total loans and leases outstanding-6 | Nonperforming loans, leases and foreclosed properties as a percentage of total loans, leases and foreclosed properties-6 | Ratio of the allowance for loan and lease losses at period end to annualized net charge-offs-8 | Ratio of the allowance for loan and lease losses at period end to annualized net charge-offs, excluding the PCI loan portfolio | Ratio of the allowance for loan and lease losses at period end to annualized net charge-offs and PCI write-offs | Capital ratios at period end-9 | Risk-based capital: | Common equity tier 1 capital | Tier 1 common capital | Tier 1 capital | Total capital | Tier 1 leverage | Tangible equity-3 | Tangible common equity-3 |"}
{"_id": "d87befb8c", "title": "", "text": "| Payments Due by Year  In thousands of dollars | Contractual Obligations | Unconditional Purchase Obligations | Non-cancelable Operating Leases | Long-term Debt | Total Obligations |"}
{"_id": "d8bdb73a8", "title": "", "text": "| DERIVATIVE CONTRACTS MARKETABLE DEBT SECURITIES PENSION PLANS FOREIGN CURRENCY TRANSLATION TOTAL | Balance at January 1, 2015 | Recorded into AOCI | Reclassified out of AOCI | Net other comprehensive income (loss) | Balance at December 31, 2015 |"}
{"_id": "d8a242758", "title": "", "text": "Sales and Marketing Sales and marketing expenses consist primarily of personnel-related costs, including salaries, commissions, benefits and stock-based compensation for our employees engaged in sales, sales support, business development and media, marketing, corporate communications and customer service functions.\nIn addition, marketing and sales-related expenses also include advertising costs, market research, tradeshows, branding, marketing, public relations costs, amortization of acquired intangible assets, as well as allocated facilities and other supporting overhead costs."}
{"_id": "d8c756cec", "title": "", "text": "At December 31, 2005, options for 1,784,765 shares were available for future grant under the 1997 Plan.\nTo the extent that a stock award is made from this reserve, in the form of stock options the 1,784,765 share reserve will be reduced by an amount equal to the number of shares subject to that award.\nFurther, if shares acquired from the 1,784,765 share reserve pursuant to stock options are forfeited, the number of shares so forfeited will return to the 1,784,765 share reserve and will again become available for issuance."}
{"_id": "d8b445694", "title": "", "text": "| 2006 2005 2004 | Dividend yield | Expected volatility | Risk-free interest rate | Expected option lives (in years) |"}
{"_id": "d865d5950", "title": "", "text": "| December 31, (in millions) 2008 2007 | Goodwill | Mortgage servicing rights | Purchased credit card relationships | All other intangibles: | Other creditcard–related intangibles | Core deposit intangibles | Other intangibles | Total all other intangible assets |"}
{"_id": "d827f3da8", "title": "", "text": "1 Long-term contracts for purchase of commodities and related services, and construction and service agreements.\nThe commodities and related services include natural gas and associated transportation, electricity, and coal and associated transportation.2 Long-term power purchase agreements from certain affiliates of CMS Enterprises.\nCMS Energy and Consumers also have recognized non-current liabilities for which the timing of payments cannot be reasonably estimated.\nThese items, which are excluded from the table above, include regulatory liabilities, deferred income taxes, workers compensation liabilities, accrued liabilities under renewable energy programs, and other liabilities.\nRetirement benefits are also excluded from the table above.\nFor details related to benefit payments, see Note 11, Retirement Benefits.\nOff-Balance-Sheet Arrangements: CMS Energy, Consumers, and certain of their subsidiaries also enter into various arrangements in the normal course of business to facilitate commercial transactions with third parties.\nThese arrangements include indemnities, surety bonds, letters of credit, and financial and performance guarantees.\nIndemnities are usually agreements to reimburse a counterparty that may incur losses due to outside claims or breach of contract terms.\nThe maximum payment that could be required under a number of these indemnity obligations is not estimable; the maximum obligation under\nIn December 2006 the Tax Relief and Health Care Act of 2006 was signed into law.\nThe Act included a reinstatement of the federal research and experimental credit through December 31, 2007 that was retroactive to January 1, 2006.\nWe recorded a discrete tax benefit of approximately $3.7 million for the retroactive amount related to fiscal 2006 during the twelve months ended July 31, 2007.\nSignificant deferred tax assets and liabilities were as follows at the dates indicated:"}
{"_id": "d8a02a06a", "title": "", "text": "| As of December 31, 2015 As of December 31, 2014 | (in millions) | Assets | Money market and government funds | Currency hedge contracts | Interest rate contracts | $118 | Liabilities | Currency hedge contracts | Accrued contingent consideration | $— |"}
{"_id": "d882fa0a8", "title": "", "text": "Transfers between levels represent assets or liabilities that were previously (i) categorized at a higher level for which the inputs to the estimate became less observable or (ii) classified at a lower level for which the inputs became more observable during the period.\nThe Duke Energy Registrant’s policy is to recognize transfers between levels of the fair value hierarchy at the end of the period.\nThere were no transfers between levels during the years ended December 31, 2017, 2016 and 2015.\nIn addition, for Piedmont, there were no transfers between levels during the two months ended December 31, 2016, and the years ended October 31, 2016, and 2015.\nValuation methods of the primary fair value measurements disclosed below are as follows.\nInvestments in equity securities The majority of investments in equity securities are valued using Level 1 measurements.\nInvestments in equity securities are typically valued at the closing price in the principal active market as of the last business day of the quarter.\nPrincipal active markets for equity prices include published exchanges such as the New York Stock Exchange (NYSE) and the NASDAQ Stock Market.\nForeign equity prices are translated from their trading currency using the currency exchange rate in effect at the close of the principal active market.\nThere was no after-hours market activity that was required to be reflected in the reported fair value measurements.\nInvestments in debt securities Most investments in debt securities are valued using Level 2 measurements because the valuations use interest rate curves and credit spreads applied to the terms of the debt instrument (maturity and coupon interest rate) and consider the counterparty credit rating.\nIf the market for a particular fixed-income security is relatively inactive or illiquid, the measurement is Level 3.\nCommodity derivatives Commodity derivatives with clearinghouses are classified as Level 1.\nOther commodity derivatives, including Piedmont’s natural gas supply contracts, are primarily valued using internally developed discounted cash flow models that incorporate forward price, adjustments for liquidity (bid-ask spread) and credit or non-performance risk (after reflecting credit enhancements such as collateral) and are discounted to present value.\nPricing inputs are derived from published exchange transaction prices and other observable data sources.\nIn the absence of an active market, the last available price may be used.\nIf forward price curves are not observable for the full term of the contract and the unobservable period had more than an insignificant impact on the valuation, the commodity derivative is classified as Level 3.\nIn isolation, increases (decreases) in natural gas forward prices result in favorable (unfavorable) fair value adjustments for gas purchase contracts; and increases (decreases) in electricity forward prices result in unfavorable (favorable) fair value adjustments for electricity sales contracts.\nDuke Energy regularly evaluates and validates pricing inputs used to estimate the fair value of natural gas commodity contracts by a market participant price verification procedure.\nThis procedure provides a comparison of internal forward commodity curves to market participant generated curves.\nInterest rate derivatives Most over-the-counter interest rate contract derivatives are valued using financial models that utilize observable inputs for similar instruments and are classified as Level 2.\nInputs include forward interest rate curves, notional amounts, interest rates and credit quality of the counterparties.\nOther fair value considerations See Note 11 for a discussion of the valuation of goodwill and intangible assets.\nSee Note 2 related to the acquisition of Piedmont in 2016 and the purchase of NCEMPA’s ownership interests in certain generating assets in 2015.\nDUKE ENERGY The following tables provide recorded balances for assets and liabilities measured at fair value on a recurring basis on the Consolidated Balance Sheets.\nDerivative amounts in the table below for all Duke Energy Registrants exclude cash collateral, which is disclosed in Note 14.\nSee Note 15 for additional information related to investments by major security type for the Duke Energy Registrants.\nII The following table shows the percent changes in dekatherms delivered and average number of customers.\nThe percentages for all throughput deliveries represent billed and unbilled sales.\nAmounts are not weather-normalized."}
{"_id": "d8124317a", "title": "", "text": "| Payments Due By Period(a) | ($ in millions) | Long-term debt, including capital leases | Interest payments on long-term debt(b) | Operating leases | Purchase obligations(c) | Total payments on contractual obligations |"}
{"_id": "d89bf23bc", "title": "", "text": "million excluding a gain on a bargain purchase price adjustment on the acquisition of a majority share of our operations in Turkey and restructuring costs) compared with $53 million ($72 million excluding restructuring costs) in 2012 and $66 million ($61 million excluding a gain for a bargain purchase price adjustment on an acquisition by our then joint venture in Turkey and costs associated with the closure of our Etienne mill in France in 2009) in 2011.\nSales volumes in 2013 were higher than in 2012 reflecting strong demand for packaging in the agricultural markets in Morocco and Turkey.\nIn Europe, sales volumes decreased slightly due to continuing weak demand for packaging in the industrial markets, and lower demand for packaging in the agricultural markets resulting from poor weather conditions.\nAverage sales margins were significantly lower due to input costs for containerboard rising ahead of box sales price increases.\nOther input costs were also higher, primarily for energy.\nOperating profits in 2013 and 2012 included net gains of $13 million and $10 million, respectively, for insurance settlements and Italian government grants, partially offset by additional operating costs, related to the earthquakes in Northern Italy in May 2012 which affected our San Felice box plant.\nEntering the first quarter of 2014, sales volumes are expected to increase slightly reflecting higher demand for packaging in the industrial markets.\nAverage sales margins are expected to gradually improve as a result of slight reductions in material costs and planned box price increases.\nOther input costs should be about flat.\nBrazilian Industrial Packaging includes the results of Orsa International Paper Embalagens S. A. , a corrugated packaging producer in which International Paper acquired a 75% share in January 2013.\nNet sales were $335 million in 2013.\nOperating profits in 2013 were a loss of $2 million (a gain of $2 million excluding acquisition and integration costs).\nLooking ahead to the first quarter of 2014, sales volumes are expected to be seasonally lower than in the fourth quarter of 2013.\nAverage sales margins should improve reflecting the partial implementation of an announced sales price increase and a more favorable product mix.\nOperating costs and input costs are expected to be lower.\nAsian Industrial Packaging net sales were $400 million in 2013 compared with $400 million in 2012 and $410 million in 2011.\nOperating profits for the packaging operations were a loss of $5 million in 2013 (a loss of $1 million excluding restructuring costs) compared with gains of $2 million in 2012 and $2 million in 2011.\nOperating profits were favorably impacted in 2013 by higher average sales margins and slightly higher sales volumes compared with 2012, but these benefits were offset by higher operating costs.\nLooking ahead to the first quarter of 2014, sales volumes and average sales margins are expected to be seasonally soft.\nNet sales for the distribution operations were $285 million in 2013 compared with $260 million in 2012 and $285 million in 2011.\nOperating profits were $3 million in 2013, 2012 and 2011.\nPrinting Papers Demand for Printing Papers products is closely correlated with changes in commercial printing and advertising activity, direct mail volumes and, for uncoated cut-size products, with changes in whitecollar employment levels that affect the usage of copy and laser printer paper.\nPulp is further affected by changes in currency rates that can enhance or disadvantage producers in different geographic regions.\nPrincipal cost drivers include manufacturing efficiency, raw material and energy costs and freight costs.\nPrinting Papers net sales for 2013 were about flat with both 2012 and 2011.\nOperating profits in 2013 were 55% lower than in 2012 and 69% lower than in 2011.\nExcluding facility closure costs and impairment costs, operating profits in 2013 were 15% lower than in 2012 and 40% lower than in 2011.\nBenefits from lower operating costs ($81 million) and lower maintenance outage costs ($17 million) were more than offset by lower average sales price realizations ($38 million), lower sales volumes ($14 million), higher input costs ($99 million) and higher other costs ($34 million).\nIn addition, operating profits in 2013 included costs of $118 million associated with the announced closure of our Courtland, Alabama mill.\nDuring 2013, the Company accelerated depreciation for certain Courtland assets, and diligently evaluated certain other assets for possible alternative uses by one of our other businesses.\nThe net book value of these assets at December 31, 2013 was approximately $470 million.\nDuring 2014, we have continued our evaluation and expect to conclude as to any uses for these assets during the first quarter of 2014.\nOperating profits also included a $123 million impairment charge associated with goodwill and a trade name intangible asset in our India Papers business.\nOperating profits in 2011 included a $24 million gain related to the announced repurposing of our Franklin, Virginia mill to produce fluff pulp and an $11 million impairment charge related to our Inverurie, Scotland mill that was closed in 2009."}
{"_id": "d8c326fa0", "title": "", "text": "CASH FROM OPERATING ACTIVITIES  Cash provided by operations, which consists primarily of cash received from customers, decreased $150.5 million from fiscal year 2011.\nThe decline from the prior year was primarily due to lower net income of our continuing operations and losses in our discontinued operations.\nRestricted Cash.\nWe hold certain cash balances that are restricted as to use.\nCash and cash equivalents  restricted totaled $48.1 million at April 30, 2012, and primarily consisted of cash held by our captive insurance subsidiary that will be used to pay claims and cash held by HRB Bank required for regulatory compliance.\nCASH FROM INVESTING ACTIVITIES  Changes in cash provided by investing activities primarily relate to the following: Available-for-Sale Securities.\nDuring fiscal year 2012, HRB Bank purchased $256.2 million in mortgagebacked securities for regulatory purposes, compared to $138.8 million in fiscal year 2011.\nAdditionally, we received payments on AFS securities of $66.4 million in fiscal year 2012 compared to $16.8 million and $15.8 million in fiscal years 2011 and 2010, respectively.\nSee additional discussion in Item 8, note 5 to the consolidated financial statements.\nMortgage Loans Held for Investment.\nWe received net proceeds of $49.1 million, $58.5 million and $72.8 million on our mortgage loans held for investment in fiscal years 2012, 2011 and 2010, respectively.\nPurchases of Property and Equipment.\nTotal cash paid for property and equipment was $82.5 million, $63.0 million and $90.5 million for fiscal years 2012, 2011 and 2010, respectively.\nBusiness Acquisitions.\nTotal cash paid for acquisitions was $15.3 million, $54.2 million and $10.5 million during fiscal years 2012, 2011 and 2010, respectively.\nIn fiscal year 2011 our previously reported Business Services segment acquired Caturano, a Boston-based accounting firm, and cash used in investing activities includes payments totaling $32.6 million related to this acquisition.\nSales of Businesses.\nWe received proceeds from the sales of businesses of $560.5 million, $71.1 million and $66.6 million for fiscal years 2012, 2011 and 2010, respectively.\nCurrent year amounts include net proceeds of $523.1 million from the sale of RSM and proceeds of $37.4 million from the sale of ancillary businesses and offices.\nDuring fiscal year 2012, we sold 83 tax offices to franchisees, compared to 280 tax offices in fiscal year 2011, and 267 in fiscal year 2010.\nThe majority of these sales were financed through affiliate loans.\nLoans Made to Franchisees.\nLoans made to franchisees totaled $46.2 million, $92.5 million and $89.7 million for fiscal years 2012, 2011 and 2010, respectively.\nWe received payments from franchisees totaling $56.6 million, $57.6 million and $40.7 million, respectively.\nThese amounts include both the financing of sales of tax offices and franchisee draws under our Franchise Equity Lines of Credit (FELCs).\nCASH FROM FINANCING ACTIVITIES  Changes in cash used in financing activities primarily relate to the following: Short-Term Borrowings.\nWhile we use commercial paper borrowings to fund our off-season losses and cover our seasonal working capital needs, we had no commercial paper borrowings outstanding as of April 30, 2012 or 2011.\nOur commercial paper borrowings peaked at $331.5 million in January of the current year.\nOur borrowings in the current year were lower than previous years due to cash received from the sale of RSM.\nFHLB Borrowings.\nHRB Bank obtains borrowings from the FHLB in accordance with regulatory and capital requirements.\nDuring fiscal years 2012, 2011 and 2010, we had net repayments of $25.0 million, $50.0 million and $25.0 million, respectively."}
{"_id": "d8c1a89d0", "title": "", "text": "| For the year ended December 31, | 2012 | (in millions) | Current income taxes (benefits): | U.S. federal | State and foreign | Total current income taxes (benefits) | Deferred income taxes (benefits) | Total income taxes |"}
{"_id": "d8bbdcfe2", "title": "", "text": "| 2009 2010 2011 2012 2013 | Retail electric volumes sold (millions of kWhs) | Number of retail customers accounts:(a) | Industrial and large commercial | Mass market |"}
{"_id": "d864d215c", "title": "", "text": "| Years Ended November 30, | 2003 | (In thousands) | Revenues | Costs and expenses | Net earnings of unconsolidated partnerships | Company’s share of net earnings | 2003 | Stock Options | Outstanding, beginning of year | Grants | Other * | Terminations | Exercises | Outstanding, end of year | Exercisable, end of year | Available for grant, end of year | Weighted average fair value per share of options granted during the year under SFAS No. 123 |"}
{"_id": "d8e4da822", "title": "", "text": "| Revenue  Years Ended December 31, Long-Lived Assets  December 31, | 2007 | U.S | International: | United Kingdom | Continental Europe | Latin America | Asia Pacific | Other | Total international | Total consolidated | December 31, | 2007 | Book Value | Investment securities: | Short-term marketable securities | Long-term investments | Long-term debt | Financial commitments: | Other forward contracts |"}
{"_id": "d86d4d5f2", "title": "", "text": "Managements discussion and analysis 110 JPMorgan Chase & Co.  / 2008 Annual Report The allowance for credit losses increased $13.7 billion from the prior year to $23.8 billion.\nThe increase included $4.1 billion of allowance related to noncredit-impaired loans acquired in the Washington Mutual transaction and the related accounting conformity provision.\nExcluding held-for-sale loans, loans carried at fair value, and purchased credit-impaired consumer loans, the allowance for loan losses represented 3.62% of loans at December 31, 2008, compared with 1.88% at December 31, 2007.\nThe consumer allowance for loan losses increased $10.5 billion from the prior year as a result of the Washington Mutual transaction and increased allowance for loan loss in residential real estate and credit card.\nThe increase included additions to the allowance for loan losses of $4.7 billion driven by higher estimated losses for residential mortgage and home equity loans as the weak labor market and weak overall economic conditions have resulted in increased delinquencies, while continued weak housing prices have driven a significant increase in loss severity.\nThe allowance for loan losses related to credit card increased $4.3 billion from the prior year primarily due to the acquired allowance and subsequent conforming provision for loan loss related to the Washington Mutual Bank acquisition and an increase in provision for loan losses of $2.3 billion in 2008 over 2007, as higher estimated net charge-offs are expected in the portfolio resulting from the current economic conditions.\nThe wholesale allowance for loan losses increase of $3.4 billion from December 31, 2007, reflected the effect of a weakening credit environment and the transfer of $4.9 billion of funded and unfunded leveraged lending commitments to retained loans from held-for-sale.\nTo provide for the risk of loss inherent in the Firms process of extending credit, an allowance for lending-related commitments is held for both wholesale and consumer, which is reported in other liabilities.\nThe wholesale component is computed using a methodology similar to that used for the wholesale loan portfolio, modified for expected maturities and probabilities of drawdown and has an assetspecific component and a formula-based component.\nFor a further discussion on the allowance for lending-related commitment see Note 15 on pages 178180 of this Annual Report.\nThe allowance for lending-related commitments for both wholesale and consumer was $659 million and $850 million at December 31, 2008 and 2007, respectively.\nThe decrease reflects the reduction in lending-related commitments at December 31, 2008.\nFor more information, see page 102 of this Annual Report."}
{"_id": "d8ac2a61c", "title": "", "text": "| 2016 Quarter Ended Dec. 31 Sept. 30 June 30 March 31 | (In millions, except per share data) | Total revenues | Net income (loss) (a) | Per share-basic and diluted | 2015 Quarter Ended | (In millions, except per share data) | Total revenues | Net income (loss) (b) | Per share-basic and diluted |"}
{"_id": "d81ffbb3c", "title": "", "text": "| Average volume Interest revenue % Average rate | In millions of dollars, except rates | Assets | Deposits with banks-5 | Federal funds sold and securities borrowed or purchased under agreements to resell-6 | In U.S. offices | In offices outside the U.S.-5 | Total | Trading account assets-7(8) | In U.S. offices | In offices outside the U.S.-5 | Total | Investments | In U.S. offices | Taxable | Exempt from U.S. income tax | In offices outside the U.S.-5 | Total | Loans (net of unearned income)(9) | In U.S. offices | In offices outside the U.S.-5 | Total | Other interest-earning assets-10 | Total interest-earning assets | Non-interest-earning assets-7 | Total assets from discontinued operations | Total assets | In billions of dollars | State-1 | CA | NY/NJ/CT-4 | VA/MD | IL-4 | FL-4 | TX | Other | Total-5 |"}
{"_id": "d86feb494", "title": "", "text": "| December 31, (in millions) 2015 2014 | Interest rate | Credit derivatives | Foreign exchange | Equity | Commodity | Total, net of cash collateral | Liquid securities and other cash collateral held against derivative receivables | Total, net of all collateral |"}
{"_id": "d89f86ae6", "title": "", "text": "Trading Account Assets (Liabilities) Trading account assets include debt and marketable equity securities, derivatives in a receivable position, residual interests in securitizations, and physical commodities inventory.\nIn addition, certain assets that Citigroup has elected to carry at fair value, such as certain loans and purchase guarantees, are also included in Trading account assets.\nTrading account liabilities include securities sold, not yet purchased (short positions) and derivatives in a net payable position as well as certain liabilities that Citigroup has elected to carry at fair value.\nAll Trading account assets and Trading account liabilities are reported at their fair value, except for physical commodities inventory which is carried at the lower of cost or market, with unrealized gains and losses recognized in current income.\nDuring 2009, Trading account assets decreased by $35 billion, or 9%, due to a: ?\n$56 billion, or 49%, decrease in revaluation gains primarily consisting of decreases in interest rate and foreign exchange contracts as well as a decrease in netting agreements; ?\n$16 billion, or 30%, decrease in mortgage loan securities driven by decreased agency and subprime debt; ?\n$20 billion, or 172%, increase in U. S.  Treasury and federal agency securities; ?\n$15 billion, or 27%, increase in foreign government securities; and ?\n$7 billion, or 9%, increase in corporate and other debt securities."}
{"_id": "d8cf9273a", "title": "", "text": "| Ratio of Earnings to Fixed Charges | 2010 | Con Edison | CECONY | Common Equity Ratio (Percent of total capitalization) | 2010 | Con Edison | CECONY |"}
{"_id": "d8bfc2a30", "title": "", "text": "The Registrant Subsidiaries accrue interest expense related to unrecognized tax benefits in income tax expense and do not include it in fixed charges.\nEntergy Wholesale Commodities Entergy Wholesale Commodities includes the ownership, operation, and decommissioning of nuclear power plants, located in the northern United States and the sale of the electric power produced by its operating plants to wholesale customers.\nEntergy Wholesale Commodities revenues are primarily derived from sales of energy and generation capacity from these plants.\nEntergy Wholesale Commodities also provides operations and management services, including decommissioning services, to nuclear power plants owned by other utilities in the United States.\nEntergy Wholesale Commodities also includes the ownership of interests in non-nuclear power plants that sell the electric power produced by those plants to wholesale customers.\nOn December 29, 2014, Entergy Wholesale Commodities’Vermont Yankee plant was removed from the grid, after 42 years of operations.\nThe decision to close and decommission Vermont Yankee was announced in August 2013, as a result of numerous issues including sustained low natural gas and wholesale energy prices, the high cost structure of the plant, and lack of a market structure that adequately compensates merchant nuclear plants for their environmental and fuel diversity benefits in the Northeast region.\nIn November 2016, Entergy entered into an agreement to sell 100% of the membership interest in Entergy Nuclear Vermont Yankee, LLC to a subsidiary of NorthStar Group Services, Inc.  (NorthStar).\nEntergy Nuclear Vermont Yankee is the owner of the Vermont Yankee plant.\nThe sale of Entergy Nuclear Vermont Yankee to NorthStar will include the transfer of Entergy Nuclear Vermont Yankee’s nuclear decommissioning trust fund and the asset retirement obligation for spent fuel management and decommissioning of the plant.\nEntergy plans to transfer all spent nuclear fuel to dry cask storage by the end of 2018, subject to obtaining necessary regulatory approvals, in advance of the planned transaction close.\nUnder the sale agreement and related agreements to be entered into at the closing, NorthStar will commit to initiate decommissioning and site restoration by 2021 and complete those activities, along with the partial restoration of the Vermont Yankee site, with the exception of the independent spent fuel storage installation and the switchyard, by 2030.\nThe original completion date, as outlined in Entergy’s Post Shutdown Decommissioning Activities Report filed with the NRC, was 2075.\nThe transaction is contingent upon certain closing conditions, including approval by the NRC; approval by the State of Vermont Public Service Board, including approval of site restoration standards that will be proposed as part of the transaction; the transfer of all spent nuclear fuel to dry fuel storage on the independent spent fuel storage installation; and that the market value of the fund assets held in the decommissioning trust fund for the Vermont Yankee Nuclear Power Station, less the hypothetical income tax on the aggregate unrealized net gain of such fund assets at closing, is equal to or exceeds $451.95 million, subject to adjustments.\nIn October 2015, Entergy determined that it would close the FitzPatrick plant earlier than expected.\nThe original expectation was to shut down the FitzPatrick plant at the end of its fuel cycle in January 2017, but in August 2016, Entergy entered into an agreement to sell the FitzPatrick plant to Exelon, and the sale is expected to close in the first half of 2017.\nThe transaction is contingent upon, among other things, the expiration of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, the receipt of necessary regulatory approvals from the FERC, the NRC, and the Public Service Commission of the State of New York (NYPSC), and the receipt of a private letter ruling from the IRS.\nNRC approval has not yet been received, but all other necessary regulatory approvals have been received.\nBecause certain specified conditions were satisfied in November 2016\nEntergy Corporation and Subsidiaries Management’s Financial Discussion and Analysis 15 Entergy Wholesale Commodities includes the ownership of the following nuclear reactors"}
{"_id": "d8953e0fc", "title": "", "text": "NOTE 5: HEDGING TRANSACTIONS AND DERIVATIVE FINANCIAL INSTRUMENTS The Company is directly and indirectly affected by changes in certain market conditions.\nThese changes in market conditions may adversely impact the Company’s financial performance and are referred to as “market risks.\n” Our Company, when deemed appropriate, uses derivatives as a risk management tool to mitigate the potential impact of certain market risks.\nThe primary market risks managed by the Company through the use of derivative instruments are foreign currency exchange rate risk, commodity price risk and interest rate risk.\nThe Company uses various types of derivative instruments including, but not limited to, forward contracts, commodity futures contracts, option contracts, collars and swaps.\nForward contracts and commodity futures contracts are agreements to buy or sell a quantity of a currency or commodity at a predetermined future date, and at a predetermined rate or price.\nAn option contract is an agreement that conveys the purchaser the right, but not the obligation, to buy or sell a quantity of a currency or commodity at a predetermined rate or price during a period or at a time in the future.\nA collar is a strategy that uses a combination of options to limit the range of possible positive or negative returns on an underlying asset or liability to a specific range, or to protect expected future cash flows.\nTo do this, an investor simultaneously buys a put option and sells (writes) a call option, or alternatively buys a call option and sells (writes) a put option.\nA swap agreement is a contract between two parties to exchange cash flows based on specified underlying notional amounts, assets and/or indices.\nWe do not enter into derivative financial instruments for trading purposes.\nAll derivatives are carried at fair value in our consolidated balance sheets in the following line items, as applicable: prepaid expenses and other assets; other assets; accounts payable and accrued expenses; and other liabilities.\nThe carrying values of the"}
{"_id": "d86a5070a", "title": "", "text": "Our income tax provision amounted to an income tax expense of $1,310 million in 2010 compared to a benefit of $54 million in 2009.\nThe increase in income tax expense primarily reflects the increase in pre-tax income from continuing operations before income taxes and equity in earnings of operating joint ventures for the year ended December 31, 2010.\nIn addition, the 2009 income tax benefit included a reduction to the liability for unrecognized tax benefits and related interest of $272 million primarily related to tax years prior to 2002 as a result of the expiration of the statute of limitations for the 2002 and 2003 tax years, additional interest on a tax refund received related to the 1997 through 2001 tax years, and changes in estimates.\nIn addition, 2010 income tax expense includes a charge for the reduction of deferred tax assets in the amount of $94 million related to the Medicare Part D subsidy and a charge of $29 million to reflect an increase in valuation allowance related to deferred tax assets established in 2010 and prior years.\nThe change in valuation allowance in the current year reflects the Company’s reassessment of the likelihood of the realization of state and local deferred tax assets for certain non-insurance subsidiaries.\nWe employ various tax strategies, including strategies to minimize the amount of taxes resulting from realized capital gains.\nFor additional information regarding income taxes, see Note 19 to the Consolidated Financial Statements.\nDiscontinued Operations Included within net income are the results of businesses which are reflected as discontinued operations under U. S.  GAAP.\nIncome (loss) from discontinued operations, net of taxes, was $10 million, $(39) million and $75 million for the years ended December 31, 2010, 2009 and 2008, respectively.\nFor additional information regarding discontinued operations see Note 3 to the Consolidated Financial Statements.\nDivested Businesses Our income from continuing operations includes results from several businesses that have been or will be sold or exited that do not qualify for “discontinued operations” accounting treatment under U. S.  GAAP.\nThe results of these divested businesses are reflected in our Corporate and Other operations, but excluded from adjusted operating income.\nA summary of the results of these divested businesses that have been excluded from adjusted operating income is as follows for the periods indicated:"}
{"_id": "d8de64e16", "title": "", "text": "| Year Ended or as of December | $ in millions | Beginning balance | Increases based on tax positions related to the current year | Increases based on tax positions related to prior years | Decreases based on tax positions related to prior years | Decreases related to settlements | Exchange rate fluctuations | Ending balance | Related deferred income taxasset | Net unrecognized tax benefit |"}
{"_id": "d864d2044", "title": "", "text": "| 201 4 2013 | Balance, beginning of year | Increases for tax positions related to current year | Reduction due to adoption of ASU 2013-11(a) | Balance, end of year |"}
{"_id": "d8c7d2bbc", "title": "", "text": "| Pension Benefits-1 Other Retiree Benefits-2 | Years ended June 30 | CHANGE IN BENEFIT OBLIGATION | Benefit obligation at beginning of year-3 | Service cost | Interest cost | Participants' contributions | Amendments | Actuarial loss/(gain) | Acquisitions/(divestitures) | Special termination benefits | Currency translation and other | Benefit payments | BENEFIT OBLIGATION AT END OF YEAR-3 |"}
{"_id": "d8d1c5e12", "title": "", "text": "| Sales Volumes Average Sales Price ProductionCost-1 Per BOE | Crude Oil &CondensateMBbl/d | Year Ended December 31, 2011 | United States | Wattenberg | Other US | Total US | Equatorial Guinea | Alba Field-2 | Other | Mari-B Field (Israel) | North Sea | China | Total Consolidated Operations | Equity Investee-3 | Total | Year Ended December 31, 2010 | United States | Wattenberg | Other US | Total US-4 | Alba Field (Equatorial Guinea)(2) | Mari-B Field (Israel) | North Sea | Ecuador-5 | China | Total Consolidated Operations | Equity Investee-3 | Total | Year Ended December 31, 2009 | United States | Wattenberg | Other US | Total US-4 | Alba Field (Equatorial Guinea)(2) | Mari-B Field (Israel) | North Sea | Ecuador | China | Total Consolidated Operations | Equity Investee-3 | Total |"}
{"_id": "d873aca1a", "title": "", "text": "| 2010  (in millions) | Southland (Huntington Beach) | Tisza II | Deepwater | Other | Total |"}
{"_id": "d884b7a3a", "title": "", "text": "| Year Ended December 31, 2018 vs. 2017 2017 vs. 2016 | 2018 | Interest income | Interest expense | Depreciation and amortization | General and administrative | Transaction costs | Impairments (recoveries), net | Gain (loss) on sales of real estate, net | Loss on debt extinguishments | Other income (expense), net | Income tax benefit (expense) | Equity income (loss) from unconsolidated joint ventures | Total discontinued operations | Noncontrolling interests’ share in earnings |"}
{"_id": "d81589636", "title": "", "text": "| 2011 $128.5 | 2012 | 2013 | 2014 | 2015 | After 2015 | Total Payments | Less: Convertible Note Accretion | Less: Unamortized Discounts | Total |"}
{"_id": "d8160f312", "title": "", "text": "| At December 31 (Millions) 2007 2006 2005 | Breast implant liabilities | Breast implant receivables | Respirator mask/asbestos liabilities | Respirator mask/asbestos receivables | Environmental remediation liabilities | Environmental remediation receivables | Other environmental liabilities |"}
{"_id": "d8edb98a8", "title": "", "text": "Operating, administrative and other expenses increased by $27.7 million, or 11.3%, for the year ended December 31, 2014 as compared to the year ended December 31, 2013.\nThe increase was primarily driven by higher payroll-related (including bonuses), occupancy and consulting costs.\nForeign currency translation had an $11.2 million positive impact on total operating expenses during the year ended December 31, 2014.\nGlobal Investment Management Revenue decreased by $68.2 million, or 12.7%, for the year ended December 31, 2014 as compared to the year ended December 31, 2013, primarily driven by reduced carried interest revenue.\nLower asset management fees, which reflect the sale of assets in 2013 to harvest gains for fund investors (which generated the carried interest in 2013), lower fees on some AUM in EMEA, and our exiting the management of a private REIT, also contributed to the decline during the year ended December 31, 2014.\nThese reductions were partially offset by higher acquisition fees during the year ended December 31, 2014 as well as foreign currency translation, which had a $4.5 million positive impact on total revenue during the year ended December 31, 2014.\nOperating, administrative and other expenses increased by $21.6 million, or 6.1%, for the year ended December 31, 2014 as compared to the year ended December 31, 2013, primarily due to higher carried interest expense incurred in 2014.\nForeign currency translation also had a $2.7 million negative impact on total operating expenses during the year ended December 31, 2014.\nThese increases were partially offset by lower costs due to the sale of assets and internalization of the management of the private REIT discussed above.\nThis business transitioned from gain-harvesting in 2013 to capital-deployment in 2014.\nTotal AUM as of December 31, 2014 rose to $90.6 billion.\nA rollforward of our AUM by product type for the year ended December 31, 2014 is as follows (dollars in billions):"}
{"_id": "d8ef19630", "title": "", "text": "Gains on Investment Securities, Net Net gains on investment securities include both gains and losses from our non-marketable and other securities, as well as gains and losses from sales of our available-for-sale securities portfolio, when applicable.\nOur available-for-sale securities portfolio is primarily a fixed income investment portfolio that is managed with the objective of earning an appropriate portfolio yield over the long-term while maintaining sufficient liquidity and credit diversification as well as addressing our asset/liability management objectives.\nSales of equity securities held as a result of our exercised warrants, result in net gains or losses on investment securities.\nThese sales are conducted pursuant to the guidelines of our investment policy related to the management of our liquidity position and interest rate risk.\nThough infrequent, sales of investment securities in our AFS securities portfolio may result in net gains or losses and are also conducted pursuant to the guidelines of our investment policy.\nOur non-marketable and other securities portfolio primarily represents investments in venture capital and private equity funds, venture debt funds and private and public portfolio companies.\nWe experience variability in the performance of our non-marketable and other securities from period to period, which results in net gains or losses on investment securities (both realized and unrealized).\nThis variability is due to a number of factors, including unrealized changes in the values of our investments, changes in the amount of realized gains from distributions, changes in liquidity events and general economic and market conditions.\nUnrealized gains from non-marketable and other securities for any single period are typically driven by valuation changes, and are therefore subject to potential increases or decreases in future periods.\nSuch variability may lead to volatility in the gains or losses from investment securities and as such our results for a particular period are not necessarily indicative of our expected performance in a future period.\nThe extent to which any unrealized gains or losses will become realized is subject to a variety of factors, including, among other things, the expiration of certain sales restrictions to which these equity securities may be subject to (i. e.  lock-up agreements), changes in prevailing market prices, market conditions, the actual sales or distributions of securities, the timing of such actual sales or distributions, which, to the extent such securities are managed by our managed funds, are subject to our funds' separate discretionary sales/distributions and governance processes.\nIn 2015 , we had net gains on investment securities of $89.4 million , compared to $267.0 million and $419.4 million in 2014 and 2013 , respectively.\nNonGAAP net gains on investment securities, net of noncontrolling interests were $57.3 million in 2015 , compared to $30.7 million and $77.3 million in 2014 and 2013 , respectively.\nNet gains on investment securities, net of noncontrolling interests of $57.3 million in 2015 were driven by the following: ?\nGains of $30.2 million from our strategic and other investments, primarily driven by strong distributions from our strategic venture capital fund investments reflective of IPO and M&A activity as well as unrealized valuation increases from certain investments.  ?\nGains of $17.0 million from our managed funds of funds, primarily related to unrealized valuation increases."}
{"_id": "d8c3d36ec", "title": "", "text": "| Domestic Segment Performance Summary 2010 -1 2009 -2 2008 | Revenue | Revenue gain % | Comparable store sales % gain (decline) | Gross profit as % of revenue | SG&A as % of revenue | Operating income | Operating income as % of revenue |"}
{"_id": "d8a9b4ffe", "title": "", "text": "| 2012 | (Dollars in millions) | Allowance for loan and lease losses, January 1 | Loans and leases charged off | Recoveries of loans and leases previously charged off | Net charge-offs | Provision for loan and lease losses | Write-offs of home equity PCI loans | Other | Allowance for loan and lease losses, December 31 | Reserve for unfunded lending commitments, January 1 | Provision for unfunded lending commitments | Other | Reserve for unfunded lending commitments, December 31 | Allowance for credit losses, December 31 |"}
{"_id": "d85eea730", "title": "", "text": "Actual maturities may differ from contractual maturities due to the exercise of call or prepayment options.\nFixed maturity securities not due at a single maturity date have been included in the above table in the year of final contractual maturity.\nRMBS, CMBS and ABS are shown separately in the table, as they are not due at a single maturity.\nAs discussed further in Note 2, an indemnification asset has been established in connection with certain investments acquired from American Life.\nEvaluating Available-for-Sale Securities for Other-Than-Temporary Impairment As described more fully in Note 1, the Company performs a regular evaluation, on a security-by-security basis, of its available-for-sale securities holdings, including fixed maturity securities, equity securities and perpetual hybrid securities, in accordance with its impairment policy in order to evaluate whether such investments are other-than-temporarily impaired\n‰ Net unrealized investment gains (losses); ‰ Continuous gross unrealized losses and OTTI losses for fixed maturity and equity securities available-for-sale by sector; ‰ Aging of gross unrealized losses and OTTI losses for fixed maturity and equity securities available-for-sale; ‰ Concentration of gross unrealized losses and OTTI losses for fixed maturity and equity securities available-for-sale; and ‰ Evaluating temporarily impaired available-for-sale securities.\nTrading and Other Securities The Company has a trading securities portfolio, principally invested in fixed maturity securities, to support investment strategies that involve the active and frequent purchase and sale of securities (“Actively Traded Securities”) and the execution of short sale agreements.\nTrading and other securities also include securities for which the FVO has been elected (“FVO Securities”).\nFVO Securities include certain fixed maturity and equity securities held for investment by the general account to support asset and liability matching strategies for certain insurance products.\nFVO Securities also include contractholder-directed investments supporting unit-linked variable annuity type liabilities which do not qualify for presentation as separate account summary total assets and liabilities.\nThese investments are primarily mutual funds and, to a lesser extent, fixed maturity and equity securities, short-term investments and cash and cash equivalents.\nThe investment returns on these investments inure to contractholders and are offset by a corresponding change in PABs through interest credited to policyholder account balances.\nFVO Securities also include securities held by CSEs (former qualifying special purpose entities).\nTrading and other securities were $18.3 billion and $18.6 billion at estimated fair value, or 3.5% and 3.9% of total cash and invested assets, at December 31, 2011 and 2010, respectively.\nSee Note 3 of the Notes to the Consolidated Financial Statements for tables which present information about the Actively Traded Securities and FVO Securities, related short sale agreement liabilities and investments pledged to secure short sale agreement liabilities at December 31, 2011 and 2010.\nTrading and other securities and trading (short sale agreement) liabilities, measured at estimated fair value on a recurring basis and their corresponding fair value hierarchy, are presented as follows:"}
{"_id": "d81d04e60", "title": "", "text": "Market-based restricted stock units were not granted during fiscal 2013 or 2012.\nExpected volatility — The Company is responsible for estimating volatility and has considered a number of factors, including third-party estimates.\nThe Company currently believes that the exclusive use of implied volatility results in the best estimate of the grant-date fair value of employee stock options because it reflects the market’s current expectations of future volatility.\nIn evaluating the appropriateness of exclusively relying on implied volatility, the Company concluded that: (1) options in the Company’s common stock are actively traded with sufficient volume on several exchanges; (2) the market prices of both the traded options and the underlying shares are measured at a similar point in time to each other and on a date close to the grant date of the employee share options; (3) the traded options have exercise prices that are both near-the-money and close to the exercise price of the employee share options; and (4) the remaining maturities of the traded options used to estimate volatility are at least one year.\nExpected term — The Company uses historical employee exercise and option expiration data to estimate the expected term assumption for the Black-Scholes grant-date valuation.\nThe Company believes that this historical data is currently the best estimate of the expected term of a new option, and that generally its employees exhibit similar exercise behavior.\nRisk-free interest rate — The yield on zero-coupon U. S.  Treasury securities for a period that is commensurate with the expected term assumption is used as the risk-free interest rate.\nExpected dividend yield — Expected dividend yield is calculated by annualizing the cash dividend declared by the Company’s Board of Directors for the current quarter and dividing that result by the closing stock price on the date of grant.\nUntil such time as the Company’s Board of Directors declares a cash dividend for an amount that is different from the current quarter’s cash dividend, the current dividend will be used in deriving this assumption.\nCash dividends are not paid on options, restricted stock or restricted stock units."}
{"_id": "d8973c1f6", "title": "", "text": "| Year Ended December 31, | 2006 | (In thousands, except per share amounts) | Consolidated Statement of Income Data -1: | Net revenues | Gross profit | Income from operations | Income before income taxes | Net income | Net income per share: | Basic | Diluted | Weighted average shares: | Basic | Diluted |"}
{"_id": "d862b5b1c", "title": "", "text": "| 2014 2013 | (in millions) | Differences between book and tax basis of property | Other taxable temporary differences | Total deferred tax liability | Operating loss carryforwards | Capital loss carryforwards | Bad debt and other book provisions | Retirement costs | Tax credit carryforwards | Other deductible temporary differences | Total gross deferred tax asset | Less: valuation allowance | Total net deferred tax asset | Net deferred tax asset (liability) |"}
{"_id": "d8b93b13a", "title": "", "text": "Legal Matters We are involved in various legal proceedings, and subject to investigations, inspections, audits, inquiries and similar actions by governmental authorities arising in the normal course of business.\nThe types of allegations that arise in connection with such legal proceedings vary in nature, but can include claims related to contract, employment, tax and intellectual property matters.\nWe evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount, or potential range, of loss can be reasonably estimated.\nIn certain cases, we cannot reasonably estimate the potential loss because, for example, the litigation is in its early stages.\nWhile any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty, management believes that the outcome of these matters, individually and in the aggregate, will not have a material adverse effect on our financial condition, results of operations or cash flows.\nAs previously disclosed, on April 10, 2015, a federal judge in Brazil authorized the search of the records of an agencys offices in S?o Paulo and Brasilia, in connection with an ongoing investigation by Brazilian authorities involving payments potentially connected to local government contracts.\nThe Company had previously investigated the matter and taken a number of remedial and disciplinary actions.\nThe Company has been in the process of concluding a settlement related to these matters with government agencies, and that settlement was fully executed in April 2018.\nThe Company has previously provided for such settlement in its Consolidated Financial Statements."}
{"_id": "d838d6576", "title": "", "text": "| (in thousands, exceptweighted-average data) Number of options/SARs Weighted-average exercise price Weighted-average remaining contractual life (in years) Aggregate intrinsic value | Outstanding, January 1 | Granted | Exercised | Forfeited | Canceled | Outstanding, December 31 | Exercisable, December 31 |"}
{"_id": "d81329094", "title": "", "text": "| 2009 2008 | (in millions of U.S. dollars) | Case reserves | IBNR reserves | Total | 2009 | (in millions of U.S. dollars) | Property and all other | Case reserves | Loss expenses | IBNR reserves | Subtotal | Casualty | Case reserves | Loss expenses | IBNR reserves | Subtotal | A&H | Case reserves | Loss expenses | IBNR reserves | Subtotal | Total | Case reserves | Loss expenses | IBNR reserves | Total |"}
{"_id": "d8973c3e0", "title": "", "text": "MARATHON OIL CORPORATION Notes to Consolidated Financial Statements Assumed health care cost trend rates have a significant effect on the amounts reported for defined benefit retiree health care plans.\nA one-percentage-point change in assumed health care cost trend rates would have the following effects:"}
{"_id": "d89c6ba0a", "title": "", "text": "Table of Contents ITEM 7 – MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS LIQUIDITY AND CAPITAL RESOURCES We recorded net earnings of $35.4 million or $1.18 per share in 2004, compared with $52.2 million or $1.76 per share recorded in 2003 and $51.3 million or $1.86 per share in 2002.\nNet earnings recorded in 2004 were negatively impacted by cost increases to steel and freight, as well as manufacturing inefficiencies during the first nine months of the year in our Ashland City plant and higher selling, general and administrative expense (SG&A).\nWhile net earnings were flat in 2003 compared with 2002, the lower earnings per share amount in 2003 as compared with 2002 reflected the full-year impact of our stock offering in May 2002.\nOur individual segment performance will be discussed later in this section.\nOur working capital, excluding short-term debt, was $339.8 million at December 31, 2004, compared with $305.9 million and $225.1 million at December 31, 2003, and December 31, 2002, respectively.\nThe $33.9 million increase in 2004 reflects $44.9 million higher receivable balances due to longer payment terms experienced by both of our businesses as well as higher sales levels in the fourth quarter.\nOffsetting the increase in receivable balances were $13.5 million lower inventory levels split about equally between Water Systems and Electrical Products and $14.3 million higher accounts payable balances.\nThe $80.8 million increase in 2003 reflects $46.6 million higher inventory balances due primarily to extensive manufacturing repositioning in our electric motor business and several new product introductions and manufacturing consolidation in our water systems business.\nAdditionally, receivable balances were $21.2 million higher due to price increases associated with new product introductions in our water systems business and an increase in international sales, which tend to have longer payment terms.\nFinally, a $13.1 million increase in accounts payable balances was largely offset by $9.4 million in restructuring expenses paid out in 2003.\nReducing working capital is one of our major initiatives in 2005.\nCash provided by operating activities during 2004 was $67.2 million compared with $29.0 million during 2003 and $116.0 million during 2002.\nDespite lower earnings in 2004, a smaller investment in working capital explains the majority of the improvement in cash flow compared with 2003.\nThe higher investment in working capital in 2003 (as discussed above), explains the majority of the difference between 2003 and 2002.\nOur capital expenditures were $48.5 million in 2004, essentially the same as in 2003 and approximately $2.2 million higher than in 2002.\nThe increase in 2003 was associated with new product launches in our water systems business.\nWe are projecting 2005 capital expenditures to be approximately $55 million, essentially the same as our projected 2005 depreciation expense.\nWe believe that our present facilities and planned capital expenditures are sufficient to provide adequate capacity for our operations in 2005.\nIn June 2004, we completed a $265 million, five-year revolving credit facility with a group of eight banks.\nThe new facility expires on June 10, 2009, and it replaced a $250 million credit facility which expired on August 2, 2004, and was terminated on June 10, 2004.\nThe new facility backs up commercial paper and credit line borrowings.\nAs a result of the long-term nature of this facility, the commercial paper and credit line borrowings are now classified as long-term debt.\nAt December 31, 2004, we had available borrowing capacity of $153.9 million under this facility.\nWe believe that the combination of available borrowing capacity and operating cash flow will provide sufficient funds to finance our existing operations for the foreseeable future.\nTo take advantage of historically low long-term borrowing rates, we issued $50.0 million in senior notes with two insurance companies in June 2003.\nThe notes range in maturity between 2013 and 2016 and carry a weighted average interest rate of slightly less than 4.5 percent.\nThe proceeds of the notes were used to repay commercial paper and borrowing under the credit facility.\nOur leverage, as measured by the ratio of total debt to total capitalization, was 32 percent at the end of 2004 and the end of 2003.\nAggregate Contractual Obligations A summary of our contractual obligations as of December 31, 2004, is as follows:"}
{"_id": "d872e401a", "title": "", "text": "| Equity Price Exposure to Pretax Income | Equity Price Decline 10% | (in millions) | Asset-based management and distribution fees-1 | DAC and DSIC amortization-2 (3) | Variable annuity riders: | GMDB and GMIB-3 | GMWB | GMAB | DAC and DSIC amortization-4 | Total variable annuity riders | Macro hedge program-5 | Equity indexed annuities | Certificates | Indexed universal life insurance | Total |"}
{"_id": "d815dd970", "title": "", "text": "Table 29 presents commercial credit exposure by type for utilized, unfunded and total binding committed credit exposure.\nCommercial utilized credit exposure includes funded loans, standby letters of credit, financial guarantees, bankers acceptances and commercial letters of credit for which the bank is legally bound to advance funds under prescribed conditions, during a specified period.\nAlthough funds have not been advanced, these exposure types are considered utilized for credit risk management purposes.\nTotal commercial committed credit exposure decreased by $10.1 billion, or one percent, at December 31, 2009 compared to December 31, 2008.\nThe decrease was largely driven by reductions in loans and leases partially offset by an increase in derivatives due to the acquisition of Merrill Lynch.\nTotal commercial utilized credit exposure decreased to $494.4 billion at December 31, 2009 compared to $498.7 billion at December 31, 2008.\nFunded loans and leases declined due to limited demand for acquisition financing and capital expenditures in the large corporate and middle-market portfolios and as clients utilized the improved capital markets more extensively for their funding needs.\nWith the economic outlook remaining uncertain, businesses are aggressively managing working capital and production capacity, maintaining low inventories and deferring capital spending.\nThe increase in derivative assets was driven by the acquisition of Merrill Lynch substantially offset during 2009 by maturing transactions, mark-to-market adjustments from changing interest and foreign exchange rates, as well as narrower credit spreads.\nThe loans and leases funded utilization rate was 57 percent at December 31, 2009 compared to 58 percent at December 31, 2008."}
{"_id": "d8786d19e", "title": "", "text": "| At December 31, | (dollar amounts in thousands) | Commercial and industrial: | Lease payments receivable | Estimated residual value of leased assets | Gross investment in commercial lease financing receivables | Net deferred origination costs | Deferred fees | Total net investment in commercial lease financing receivables |"}
{"_id": "d8dd4bb06", "title": "", "text": "| 2019 2018 | Interest incurred | Less: Capitalized interest | Interest Expense |"}
{"_id": "d8eeb9dd4", "title": "", "text": "| Balance at Average Balance-1 2013 | December 31, 2013 | (dollars in millions) | Common equity | Preferred equity | Morgan Stanley shareholders’ equity | Junior subordinated debentures issued to capital trusts | Less: Goodwill and net intangible assets-2 | Tangible Morgan Stanley shareholders’ equity | Common equity | Less: Goodwill and net intangible assets-2 | Tangible common equity-3 |"}
{"_id": "d8a06df22", "title": "", "text": "| 2011 2010 | Money market funds | Mutual funds | Total Deferred Compensation Plan investments |"}
{"_id": "d87c450f0", "title": "", "text": "| Year Ended October 31, $ Change % Change $ Change % Change | 2012 | (dollars in millions) | Interest income | Interest expense | Gain (loss) on assets related to executive deferred compensation plan | Foreign currency exchange gain (loss) | Other, net | Total |"}
{"_id": "d8a7c2502", "title": "", "text": "| Years Ended December 31, Percentage Change | (in millions) | Revenues: | Premiums | Policy fees | Net investment income | Other income | Total operating revenue | Benefits and expenses: | Policyholder benefits and losses incurred | Interest credited to policyholder account balances | Amortization of deferred policy acquisition costs | General operating and other expenses* | Total operating expenses | Pre-tax operating income |"}
{"_id": "d8199ca70", "title": "", "text": "| 2011 2010 | Gross Unrealized | Fair Value | Corporate notes and bonds | Commercial paper | U.S. government and agency securities | Municipal securities | Asset-backed securities | Mortgage-backed securities | Foreign government bonds | Other debt securities | Equity securities | $5,069 | Years Ended December 31 | Beginning balance January 1 | Sales | Total realized and unrealized gains (losses)Included in: | Earnings-1 | Comprehensive income | Ending balance December 31 | Losses recorded in earnings for Level 3 assets still held atDecember 31 |"}
{"_id": "d89b9a900", "title": "", "text": "| Income before income taxes $660 | Provision for income taxes | Net Income |"}
{"_id": "d8b1aca72", "title": "", "text": "| (In millions) 2017 2016 2015 | Cabinets | Plumbing | Doors | Security | Total |"}
{"_id": "d8f26f4ce", "title": "", "text": "McKESSON CORPORATION FINANCIAL NOTES (Continued) Other Defined Benefit Plans Under various U. S.  bargaining unit labor contracts, we make payments into multi-employer pension plans established for union employees.\nWe are liable for a proportionate part of the plans’ unfunded vested benefits liabilities upon our withdrawal from the plan, however information regarding the relative position of each employer with respect to the actuarial present value of accumulated benefits and net assets available for benefits is not available.\nContributions to the plans and amounts accrued were not material for the years ended March 31, 2006, 2005 and 2004.\nDefined Contribution Plans We have a contributory profit sharing investment plan (“PSIP”) for U. S.  employees not covered by collective bargaining arrangements.\nEligible employees may contribute up to 20% of their compensation to an individual retirement savings account.\nPrior to 2006, the Company made matching contributions equal to or greater than 50% of employee contributions, not to exceed 3% of employee compensation.\nEffective April 1, 2005, the Company makes matching contributions in an amount equal to 100% of the employee’s first 3% of pay deferred, and 50% of the employee’s deferral for the next 2% of pay deferred.\nThe Company provides for the PSIP contributions primarily with its common shares through its leveraged ESOP or cash payments.\nThe ESOP has purchased an aggregate of 24 million shares of the Company’s common stock since its inception.\nThese purchases were financed by 10 to 20-year loans from or guaranteed by us.\nThe ESOP’s outstanding borrowings are reported as long-term debt of the Company and the related receivables from the ESOP are shown as a reduction of stockholders’ equity.\nThe loans are repaid by the ESOP from interest earnings on cash balances and common dividends on shares not yet allocated to participants, common dividends on certain allocated shares and Company cash contributions.\nThe ESOP loan maturities and rates are identical to the terms of related Company borrowings.\nStock is made available from the ESOP based on debt service payments on ESOP borrowings.\nContribution expense for the PSIP in 2006, 2005 and 2004 was primarily ESOP related.\nAfter-tax ESOP expense and other contribution expense, including interest expense on ESOP debt, was $7 million, $9 million and $8 million in 2006, 2005 and 2004.\nApproximately 1 million, 1 million and 2 million shares of common stock were allocated to plan participants in 2006, 2005 and 2004.\nThrough March 31, 2006, 23 million common shares have been allocated to plan participants, resulting in a balance of 2 million common shares in the ESOP, which have not yet been allocated to plan participants.15.\nOther Postretirement Benefits We maintain a number of postretirement benefits, consisting of healthcare and life insurance benefits, for certain eligible U. S.  employees.\nEligible employees consist of those who retired before March 31, 1999 and those who retire after March 31, 1999, but were an active employee as of that date, after meeting other age-related criteria.\nWe also provide postretirement benefits for certain U. S.  executives.\nThe measurement date for our postretirement plans is December 31."}
{"_id": "d8efde03e", "title": "", "text": "| Years Ended December 31, | 2015 | (in millions) | RiverSource Life | Statutory net gain from operations-1 | Statutory net income-1 | IDS Property Casualty | Statutory net income (loss) |"}
{"_id": "d8e285d74", "title": "", "text": "| Years Ended December 31 2017 2016 Change 2016 2015 In Millions Change | CMS Energy, including Consumers | Issuance of debt | Net increase in EnerBank certificates of deposit | Issuance of common stock | Retirement of debt | Debt prepayment costs | Payment of dividends on common and preferred stock | Change in notes payable | Other financing activities | Net cash provided by financing activities | Consumers | Issuance of debt | Stockholder contribution from CMS Energy | Payment of dividends on common and preferred stock | Retirement of debt | Debt prepayment costs | Change in notes payable | Other financing activities | Net cash provided by (used in) financing activities |"}
{"_id": "d8dce4fa0", "title": "", "text": "| Year OperatingLeases CapitalLeases | (In Thousands) | 2017 | 2018 | 2019 | 2020 | 2021 | Years thereafter | Minimum lease payments | Less: Amount representing interest | Present value of net minimum lease payments |"}
{"_id": "d8da46974", "title": "", "text": "| Years Ended December 31, | (in millions, except per share data) | Revenues: | Premiums | Policy fees | Net investment income | Net realized capital gains (losses) | Aircraft leasing revenue | Other income | Total revenues | Benefits, losses and expenses: | Policyholder benefits and losses incurred | Interest credited to policyholder account balances | Amortization of deferred policy acquisition costs | General operating and other expenses | Interest expense | Aircraft leasing expenses | Net loss on extinguishment of debt | Net (gain) loss on sale of properties and divested businesses | Total benefits, losses and expenses | Income (loss) from continuing operations before income taxes | Income tax expense (benefit) | Income (loss) from continuing operations | Income (loss) from discontinued operations, net of taxes | Net income (loss) | Net income (loss) from continuing operations attributable | to noncontrolling interests | Net income (loss) attributable to AIG | Income (loss) per common share attributable to AIG | common shareholders | Basic | Income (loss) from continuing operations | Income (loss) from discontinued operations | Net income (loss) attributable to AIG | Diluted | Income (loss) from continuing operations | Income (loss) from discontinued operations | Net income (loss) attributable to AIG | Dividends declared per common share |"}
{"_id": "d8e2e88ca", "title": "", "text": "| (In thousands) | Balance as of December 31, 2006 | Gross amount of the decreases in unrecognized tax benefits of tax positions taken during a prior year | Gross amount of the increases in unrecognized tax benefits as a result of tax positions taken during the current year | Amount of decreases in unrecognized tax benefits relating to settlements with taxing authorities | Reductions to unrecognized tax benefits resulting from the lapse of the applicable statute of limitations | Balance as of December 29, 2007 |"}
{"_id": "d88c78d50", "title": "", "text": "| 2013 2012 2011 | Interest incurred | Less: Capitalized interest | Interest Expense |"}
{"_id": "d889ff146", "title": "", "text": "Postretirement Health Care.\nEOG has postretirement medical and dental benefits in place for eligible United States and Trinidad employees and their eligible dependents, the costs of which are not material.8.\nCommitments and Contingencies Letters of Credit and Guarantees.\nAt December 31, 2016 and 2015, respectively, EOG had standby letters of credit and guarantees outstanding totaling approximately $226 million and $272 million, primarily representing guarantees of payment or performance obligations on behalf of subsidiaries.\nAs of February 20, 2017, there were no demands for payment under these guarantees.\nThe diluted earnings per share calculation excludes stock options, SARs, restricted stock and units and performance units and stock that were anti-dilutive.\nShares underlying the excluded stock options and SARs totaled 10.3 million, 10.2 million and 0.7 million for the years ended December 31, 2016, 2015 and 2014, respectively.\nFor the years ended December 31, 2016 and 2015, respectively, 4.5 million and 5.3 million shares of restricted stock and restricted stock units and performance units and performance stock were excluded.10."}
{"_id": "d890fbc4c", "title": "", "text": "| (Dollars in thousands) Pass Performing (Criticized) Impaired Total | December 31, 2011: | Commercial loans: | Software | Hardware | Venture capital/private equity | Life science | Premium wine | Other | Total commercial loans | Consumer loans: | Real estate secured loans | Other consumer loans | Total consumer loans | Total gross loans | December 31, 2010: | Commercial loans: | Software | Hardware | Venture capital/private equity | Life science | Premium wine | Other | Total commercial loans | Consumer loans: | Real estate secured loans | Other consumer loans | Total consumer loans | Total gross loans |"}
{"_id": "d8db6463a", "title": "", "text": "| Year Ended December 31, | Dollars in Millions, except per share data | Total Revenues | Total Expenses | Earnings before Income Taxes | Provision for Income Taxes | Effective tax rate | Net Earnings Attributable to BMS | GAAP | Non-GAAP | Diluted Earnings Per Share | GAAP | Non-GAAP | Cash, Cash Equivalents and Marketable Securities |"}
{"_id": "d8ae498c6", "title": "", "text": "Cost of revenues increased by $5.822 billion in 2004 from 2003 and by $6.040 billion in 2003 from 2002.\nThe increases are primarily in the RM&T segment and result from higher acquisition costs for crude oil, refined products, refinery charge and blend feedstocks and increased manufacturing expenses.\nSelling, general and administrative expenses increased by $105 million in 2004 from 2003 and by $97 million in 2003 from 2002.\nThe increase in 2004 was primarily due to increased stock-based compensation and higher costs associated with business transformation and outsourcing.\nOur 2004 results were also impacted by start-up costs associated with the LNG project in Equatorial Guinea and the increased cost of complying with governmental regulations.\nThe increase in 2003 was primarily due to increased employee benefit expenses (caused by increased pension expense resulting from changes in actuarial assumptions and a decrease in realized returns on plan assets) and other employee related costs.\nAdditionally, during 2003, we recorded a charge of $24 million related to organizational and business process changes."}
{"_id": "d8c812fdc", "title": "", "text": "Financing Activities Net cash used in financing activities totaled $100.7 million for the year ended December 31, 2009.\nThe equity issuance generated cash proceeds of $441.8 million and proceeds from the exercise of options were $80.0 million.\nThese inflows were offset by the redemption of senior notes of $397.2 million, net repayments of our credit facility of $12.0 million, and the $168.9 million payment of dividends declared in January, April, July and October 2009.  Financing cash flows also include a payment of $8.9 million to purchase the remaining 24.9% of Invesco Real Estate GmbH not already held by the company, the controlling interest having been acquired in December 2003.\nThe net cash used in financing activities also includes a net $44.9 million of outflows related to consolidated investment products (2008: $125.3 million; 2007: $27.7 million).\nNet cash used in financing activities decreased from $740.8 million in 2007 to $666.4 million in 2008, primarily due to lower levels of capital being returned through public stock repurchases of Invesco Ltd.  common stock, in form of treasury shares.\nCash used for treasury share purchases in 2008 totaled $313.4 million compared to $716.0 million in 2007.\nDividends Invesco declares and pays dividends on a quarterly basis in arrears.\nThe 2009 quarterly dividend was $0.1025 per Invesco Ltd.  common share.\nOn October 16, 2009, the company declared a third quarter cash dividend, which was paid on December 2, 2009, to shareholders of record as of November 18, 2009.\nOn January 27, 2010, the company declared a fourth quarter cash dividend, which will be paid on March 10, 2010, to shareholders of record as of February 23, 2010.\nThe total dividend attributable to the 2009 fiscal year of $0.41 per share represented a 2.5% increase over the total dividend attributable to the 2008 fiscal year of $0.40 per share.\nThe declaration, payment and amount of any future dividends will be declared by our board of directors and will depend upon, among other factors, our earnings, financial condition and capital requirements at the time such declaration and payment are considered.\nThe board has a policy of managing dividends in a prudent fashion, with due consideration given to profit levels, overall debt levels, and historical dividend payouts.\nThe following table sets forth the historical amounts for quarterly and total dividends per Invesco Ltd.  common share attributable to each period indicated.\nActual declaration of these dividends occurred in the following fiscal quarter."}
{"_id": "d81a6af56", "title": "", "text": "| December 31, 2013 | Asset Category | (in millions) | Equity securities: | U.S. large cap stocks | U.S. small cap stocks | Non-U.S. large cap stocks | Non-U.S. small cap stocks | Emerging markets | Debt securities: | U.S. investment grade bonds | U.S. high yield bonds | Non-U.S. investment grade bonds | Real estate investment trusts | Hedge funds | Pooled pension funds | Cash equivalents | Total |"}
{"_id": "d88f99ade", "title": "", "text": "| Twelve months ended December 31, 2008 | (Millions of Dollars) | Con Edison of New York | O&R | Total Utilities | Con Edison Development (a) | Con Edison Energy (a) | Con Edison Solutions (a) | Other (b) | Total continuing operations | Discontinued operations (c) | Total Con Edison |"}
{"_id": "d8b7a8bc4", "title": "", "text": "Employee Management Solutions (EMS) product revenue is derived primarily from QuickBooks Basic Payroll and QuickBooks Enhanced Payroll, which are products sold on a subscription basis that offer payroll tax tables, payroll reports, federal and state payroll tax forms, and electronic tax payment and filing to small businesses that prepare their own payrolls.\nEMS service and other revenue is derived primarily from QuickBooks Online Payroll, QuickBooks Assisted Payroll, Intuit Online Payroll, Intuit Full Service Payroll, fees for direct deposit services, and fees for other small business payroll and employee management services.\nService and other revenue for this segment also includes interest earned on funds held for customers.\nFiscal 2012 Compared with Fiscal 2011 EMS total net revenue increased $55 million or 12% in fiscal 2012 compared with fiscal 2011.\nRevenue was higher in fiscal 2012 due to customer growth in our Enhanced desktop payroll and online payroll solutions, improved customer adoption of payroll direct deposit services, and price increases for desktop payroll customers.\nAt July 31, 2012 total payroll customers were up 2% while online payroll customers were up 19% compared with July 31, 2011.\nEMS segment operating income as a percentage of related revenue increased to 61% in fiscal 2012 from 59% in fiscal 2011.\nSegment operating income was higher in fiscal 2012 due to the increases in revenue described above, partially offset by higher staffing expenses associated with growing our online payroll business.\nFiscal 2011 Compared with Fiscal 2010 EMS total net revenue increased $39 million or 10% in fiscal 2011 compared with fiscal 2010.\nRevenue was higher in fiscal 2011 due to more customers choosing our Enhanced desktop payroll and online payroll solutions, improved customer adoption of payroll direct deposit services, and price increases for desktop payroll customers.\nAt July 31, 2011 total payroll customers were up 2% while online payroll customers were up 13% compared with July 31, 2010.\nEMS segment operating income as a percentage of related revenue decreased slightly to 59% in fiscal 2011 from 60% in fiscal 2010.\nRevenue growth as described above was partially offset by higher cost of revenue associated with offering mix."}
{"_id": "d8b72851e", "title": "", "text": "| Vesting Date Restricted Stock Units | January 25, 2011 | January 25, 2012 | January 25, 2013 |"}
{"_id": "d8f4a85ec", "title": "", "text": "| March 31, | 2008 | (in $000’s) | Cost of product revenue | Research and development | Selling, general and administrative | $5,376 | 2006 (in $000’s) | Net loss, as reported | Add: Stock-based compensation included in reported net loss | Deduct: Total stock-based employee compensation expense determined underfair value based method for all awards | Pro forma net loss | Basic and diluted loss per share | As reported | Pro forma | Options (in thousands) | Outstanding at beginning of year | Granted | Exercised | Cancelled | Outstanding at end of year | Exercisable at end of year | Vested and Unvested expected to vest at end of year |"}
{"_id": "d8d4d28e4", "title": "", "text": "| Year ended December 31, | 2005 | (in millions) | Operating results: | Revenues | Expenses | Adjusted operating income-1 |"}
{"_id": "d8ed434dc", "title": "", "text": "ImClone Acquisition On November 24, 2008, we acquired all of the outstanding shares of ImClone Systems Inc.  (ImClone), a biopharmaceutical company focused on advancing oncology care, for a total purchase price of approximately $6.5 billion, which was fi nanced through borrowings.\nThis strategic combination will offer both targeted therapies and oncolytic agents along with a pipeline spanning all phases of clinical development.\nThe combination also expands our biotechnology capabilities.\nThe acquisition has been accounted for as a business combination under the purchase method of accounting, resulting in goodwill of $419.5 million.\nNo portion of this goodwill is expected to be deductible for tax purposes.\nAllocation of Purchase Price We are currently determining the fair values of a signifi cant portion of these net assets.\nThe purchase price has been preliminarily allocated based on an estimate of the fair value of assets acquired and liabilities assumed as of the date of acquisition.\nThe fi nal determination of these fair values will be completed as soon as possible but no later than one year from the acquisition date.\nAlthough the fi nal determination may result in asset and liability fair values that are different than the preliminary estimates of these amounts included herein, it is not expected that those differences will be material to our fi nancial results."}
{"_id": "d83b5a036", "title": "", "text": "| May 27, 2012 May 29, 2011 | In Millions | U.S. commercial paper | Financial institutions | Total |"}
{"_id": "d8ad4c2ac", "title": "", "text": "NOTE 10.\nRESTRUCTURING Fiscal 2014 Restructuring Plan In the fourth quarter of fiscal 2014, in order to better align our global resources for Digital Media and Digital Marketing, we initiated a restructuring plan to vacate our Research and Development facility in China and our Sales and Marketing facility in Russia.\nThis plan consisted of reductions of approximately 350 full-time positions and we recorded restructuring charges of approximately $18.8 million related to ongoing termination benefits for the positions eliminated.\nDuring fiscal 2015, we intend to vacate both of these facilities.\nThe amount accrued for the fair value of future contractual obligations under these operating leases was insignificant.\nOther Restructuring Plans During the past several years, we have implemented Other Restructuring Plans consisting of reductions in workforce and the consolidation of facilities to better align our resources around our business strategies.\nAs of November 28, 2014, we considered our Other Restructuring Plans to be substantially complete.\nWe continue to make cash outlays to settle obligations under these plans, however the current impact to our Consolidated Financial Statements is not significant."}
{"_id": "d82a93cf2", "title": "", "text": "| Year Ended December 31 2007 2006 2005 | (In millions) | Net earned premiums | Net investment income | Net operating loss | Net realized investment losses | Net loss |"}
{"_id": "d8bd1795c", "title": "", "text": "Notes to the Consolidated Financial Statements The Crown Group On October 2, 2017, PPG acquired The Crown Group (Crown), a U. S. -based coatings application services business, which is reported as part of PPG's Industrial Coatings reportable segment.\nCrown is one of the leading component and product finishers in North America.\nCrown applies coatings to customers manufactured parts and assembled products at 11 U. S.  sites.\nMost of Crowns facilities, which also provide assembly, warehousing and sequencing services, are located at customer facilities or positioned near customer manufacturing sites.\nThe company serves manufacturers in the automotive, agriculture, construction, heavy truck and alternative energy industries.\nThe pro-forma impact on PPG's sales and results of operations, including the pro forma effect of events that are directly attributable to the acquisition, was not significant.\nThe results of this business since the date of acquisition have been reported within the industrial coatings business within the Industrial Coatings reportable segment.\nTaiwan Chlorine Industries Taiwan Chlorine Industries (TCI) was established in 1986 as a joint venture between PPG and China Petrochemical Development Corporation (CPDC) to produce chlorine-based products in Taiwan, at which time PPG owned 60 percent of the venture.\nIn conjunction with the 2013 separation of its commodity chemicals business, PPG conveyed to Axiall Corporation (\nAxiall) its 60% ownership interest in TCI.\nUnder PPGs agreement with CPDC, if certain post-closing conditions were not met following the three year anniversary of the separation, CPDC had the option to sell its 40% ownership interest in TCI to Axiall for $100 million.\nIn turn, Axiall had a right to designate PPG as its designee to purchase the 40% ownership interest of CPDC.\nIn April 2016, Axiall announced that CPDC had decided to sell its ownership interest in TCI to Axiall.\nIn June 2016, Axiall formally designated PPG to purchase the 40% ownership interest in TCI.\nIn August 2016, Westlake Chemical Corporation acquired Axiall, which became a wholly-owned subsidiary of Westlake.\nIn April 2017, PPG finalized its purchase of CPDCs 40% ownership interest in TCI.\nThe difference between the acquisition date fair value and the purchase price of PPGs 40% ownership interest in TCI has been recorded as a loss in discontinued operations during the year-ended December 31, 2017.\nPPGs ownership in TCI is accounted for as an equity method investment and the related equity earnings are reported within Other income in the consolidated statement of income and in Legacy in Note 20, Reportable Business Segment Information.\n MetoKote Corporation In July 2016, PPG completed the acquisition of MetoKote Corporation (\nMetoKote), a U. S. -based coatings application services business.\nMetoKote applies coatings to customers' manufactured parts and assembled products.\nIt operates onsite coatings services within several customer manufacturing locations, as well as at regional service centers, located throughout the U. S. , Canada, Mexico, the United Kingdom, Germany, Hungary and the Czech Republic.\nCustomers ship parts to METOKOTE?\nservice centers where they are treated to enhance paint adhesion and painted with electrocoat, powder or liquid coatings technologies.\nCoated parts are then shipped to the customers next stage of assembly.\nMetoKote coats an average of more than 1.5 million parts per day.\nThe following table summarizes the estimated fair value of assets acquired and liabilities assumed as reflected in the final purchase price allocation for MetoKote."}
{"_id": "d8614a84a", "title": "", "text": "| December 31, | 2009 | (In millions) | Balance Sheet Data -1 | Assets: | General account assets | Separate account assets | Total assets | Liabilities: | Policyholder liabilities -2 | Payables for collateral under securities loaned and other transactions | Bank deposits | Short-term debt | Long-term debt | Collateral financing arrangements | Junior subordinated debt securities | Other | Separate account liabilities | Total liabilities | Stockholders’ Equity: | MetLife, Inc.’s stockholders’ equity: | Preferred stock, at par value | Common stock, at par value | Additional paid-in capital | Retained earnings | Treasury stock, at cost | Accumulated other comprehensive income (loss) | Total MetLife, Inc.’s stockholders’ equity | Noncontrolling interests | Total equity | Total liabilities and stockholders’ equity |"}
{"_id": "d8a522c0c", "title": "", "text": "| At December 31, 2014 | Life | Cash and invested assets | Accrued investment income | Deferred acquisition costs | Goodwill | Other assets | Total assets | At December 31, 2013* | Life | Cash and invested assets | Accrued investment income | Deferred acquisition costs | Goodwill | Other assets | Total assets | At December 31, 2014 | Life | Future policy benefits | Unearned and advance premium | Policy claims and other benefits payable | Debt | Total | At December 31, 2013* | Life | Future policy benefits | Unearned and advance premium | Policy claims and other benefits payable | Debt | Total |"}
{"_id": "d866053bc", "title": "", "text": "| Year Ended December 31, | 2003 | (in thousands of U.S. dollars, except per share amounts) | Operating Data: | Revenues | Operating income -1 (4) | Income (loss) before taxes (4) | Net income (loss) (2) | Net income (loss) per share | Basic -2 | Diluted -2 | Other Data: | Depreciation and amortization | Capital expenditures | Balance Sheet Data: | Working capital | Total assets | Long-term debt, less current maturities | Stockholders’ equity | Payment Due by Period | Total | Contractual Obligations: | Total debt | Operating leases | Total Contractual Obligations | Commercial Commitments: | Standby letters of credit | Acquisition | ASEP Group Holding B.V. | ANS -1001 Ltd. (“Anson”) | Spirit Drilling Fluids Ltd. | Spirit Minerals L.P. | Rincon de los Sauces InspectionOperation | Western Thunderhorse | South Seas Inspection | Hochang Machinery Industries Co., Ltd. | Stork MSW | 2012 | 2013 | 2014 | 2015 | 2016 | Thereafter | Total future lease commitments | Years Ended December 31, | 2011 | Number of Shares | Shares under option at beginning of year | Granted | Cancelled | Exercised | Shares under option at end of year | Exercisable at end of year |"}
{"_id": "d8dc9cca0", "title": "", "text": "| December 31, 2015 December 31, 2014 | Level 1 | Cash and cash equivalents | Equity securities: | U.S.-based companies | International-based companies | Fixed-income securities: | Government bonds | Corporate bonds and debt securities | Mutual, pooled and commingled funds | Hedge funds/limited partnerships | Real estate | Other | Total |"}
{"_id": "d89d0b1e0", "title": "", "text": "| As of February 29 or 28 | (In thousands) | Revolving credit facility | Term loan | Finance and capital lease obligations | Non-recourse notes payable | Total debt | Less: current portion | Long-term debt, net of current portion |"}
{"_id": "d8bd973e6", "title": "", "text": "The deferred fuel cost revisions variance resulted from a revised unbilled sales pricing estimate made in December 2002 and a further revision made in the first quarter of 2003 to more closely align the fuel component of that pricing with expected recoverable fuel costs.\nThe asset retirement obligation variance was due to the implementation of SFAS 143, \nAccounting for Asset Retirement Obligations,\nadopted in January 2003.\nSee \nCritical Accounting Estimates\nfor more details on SFAS 143.\nThe increase was offset by decommissioning expense and had no effect on net income.\nThe volume variance was due to a decrease in electricity usage in the service territory.\nBilled usage decreased 1,868 GWh in the industrial sector including the loss of a large industrial customer to cogeneration."}
{"_id": "d81114696", "title": "", "text": "Year ended September 30, 2008 Compared with the Year ended September 30, 2007 - Proprietary Capital Proprietary Capital results in fiscal year 2008 were driven by the valuations within Raymond James Capital Partners, L. P. , Ballast Point Ventures I and II, L. P. , the EIF Funds, our direct merchant banking investments managed by Raymond James Capital, Inc.  and the third-party private equity funds in which RJF was invested.\nDuring fiscal 2008, our direct merchant banking investments, Raymond James Capital Partners L. P.  and RJF private equity investment portfolio increased in value by $3 million, $8.2 million and $4 million, respectively."}
{"_id": "d87a1db56", "title": "", "text": "Entergy Corporation and Subsidiaries Management’s Financial Discussion and Analysis imprudence by the Utility operating companies in their execution of their obligations under the System Agreement.\nSee Note 2 to the financial statements for discussions of this litigation.\nIn November 2012 the Utility operating companies filed amendments to the System Agreement with the FERC pursuant to section 205 of the Federal Power Act.\nThe amendments consist primarily of the technical revisions needed to the System Agreement to (i) allocate certain charges and credits from the MISO settlement statements to the participating Utility operating companies; and (ii) address Entergy Arkansas’s withdrawal from the System Agreement.\nThe LPSC, MPSC, PUCT, and City Council filed protests at the FERC regarding the amendments and other aspects of the Utility operating companies’ future operating arrangements, including requests that the continued viability of the System Agreement in MISO (among other issues) be set for hearing by the FERC.\nIn December 2013 the FERC issued an order accepting the revisions filed in November 2012, subject to a further compliance filing and other conditions.\nEntergy Services made the requisite compliance filing in February 2014 and the FERC accepted the compliance filing in November 2015.\nIn the November 2015 order, the FERC required Entergy Services to file a refund report consisting of the results of the intra-system bill rerun from December 19, 2013 through November 30, 2015 calculating the use of an energy-based allocator to allocate losses, ancillary services charges and credits, and uplift charges and credits to load of each participating Utility operating company.\nThe filing shows the following payments and receipts among the Utility operating companies:"}
{"_id": "d8a44df02", "title": "", "text": "(a) Specialty products include dental, vision, and other supplemental health and financial protection products.\nMembers included in these products may not be unique to each product since members have the ability to enroll in multiple products.\nExpenses Total expenses, which exclude the market impact on indexed universal life benefits (net of hedges and the related DAC amortization), increased $191 million, or 10%, to $2.0 billion for the year ended December 31, 2014 compared to $1.9 billion for the prior year primarily due to higher benefits, claims, losses and settlement expenses related to our auto and home business.\nBenefits, claims, losses and settlement expenses, which exclude the market impact on indexed universal life benefits (net of hedges), increased $164 million, or 13%, to $1.4 billion for the year ended December 31, 2014 compared to $1.3 billion for the prior year due to a $163 million increase in provision for estimated losses related to our auto and home business reflecting the impact of growth in exposures from an 11% increase in policies in force, an increase in catastrophe losses reflecting the growth in exposures and the extremely severe winter and spring weather during 2014, and adverse development in the 2013 and prior accident years auto liability coverage observed during the first quarter of 2014 resulting in a $30 million increase to prior accident year loss reserves.\nLater in 2014, further adverse loss development was observed primarily in the 2014 auto book of business which resulted in a $60 million increase to loss reserves for estimated losses including IBNR.\nCatastrophe losses were $66 million for the year ended December 31, 2014 compared to $42 million for the prior year.\nThe 2015 accident year non-catastrophe auto loss development is expected to trend approximately level with the 2014 accident year loss experience.\nCorporate & Other Our Corporate & Other segment consists of net investment income or loss on corporate level assets, including excess capital held in our subsidiaries and other unallocated equity and other revenues as well as unallocated corporate expenses.\nThe Corporate & Other segment also includes revenues and expenses of CIEs, which are excluded on an operating basis.\nNM Not Meaningful.\nOur Corporate & Other segment pretax operating loss excludes net realized gains or losses and the impact of consolidating CIEs.\nOur Corporate & Other segment pretax operating loss was $230 million for the year ended December 31, 2014 compared to $229 million for the prior year.\nNet investment income (loss) was a loss of $6 million for the year ended December 31, 2014 compared to income of $8 million for the prior year due to a $13 million increase in losses associated with affordable housing partnerships.\nInterest and debt expense decreased $12 million, or 36%, to $21 million for the year ended December 31, 2014 compared to $33 million for the prior year primarily due to $19 million in costs in 2013 related to the early redemption of our senior notes due 2015, partially offset by expenses in 2014 related to the early redemption of our senior notes due 2039.\nGeneral and administrative expense for the year ended December 31, 2014 included a provision for potential resolution of a regulatory matter regarding certain historical events and processes at one of our ongoing lines of business, which was partially offset by lower investment spending compared to the prior year.\nRestricted shares issued under the Tektronix Plans were granted subject to certain time-based vesting restrictions such that the restricted share awards fully vested after a period of five years.\nThe holders of these restricted shares had the right to vote such shares and receive dividends and the shares were considered issued and outstanding at the date the award was granted.\nAs of December 31, 2014, all of the restricted shares and RSUs granted under the Tektronix Plans have fully vested.\nThe options, RSUs and restricted shares generally vest only if the employee is employed by the Company (or in the case of directors, the director continues to serve on the Company Board) on the vesting date or in other limited circumstances.\nTo cover the exercise of options and vesting of RSUs, the Company generally issues new shares from its authorized but unissued share pool, although it may instead issue treasury shares in certain circumstances.\nIn connection with the NetScout transaction disclosed in Note 3, the Company has agreed to: (i) allow stock options held by employees of the Company's communications business that are scheduled to vest between the closing date and August 4, 2015 to vest in accordance with their terms and remain exercisable for up to 90 days following such vesting date, and (ii) allow RSUs held by employees of the Company's communications business that are scheduled to vest between the closing date and August 4, 2015 to vest in accordance with their terms.\nAs of December 31, 2014, approximately 25 million shares of the Companys common stock were reserved for issuance under the 2007 Stock Incentive Plan.\nThe Company accounts for stock-based compensation by measuring the cost of employee services received in exchange for all equity awards granted, including stock options, RSUs and restricted shares, based on the fair value of the award as of the grant date.\nThe Company recognizes the compensation expense over the requisite service period (which is generally the vesting period but may be shorter than the vesting period if the employee becomes retirement eligible before the end of the vesting period).\nThe fair value for RSU and restricted stock awards was calculated using the closing price of the Companys common stock on the date of grant, adjusted for the fact that RSUs do not accrue dividends.\nThe fair value of the options granted was calculated using a Black-Scholes Merton option pricing model (Black-Scholes)."}
{"_id": "d87f8a4c2", "title": "", "text": "Item 7.\nManagement’s Discussion and Analysis of Financial Condition and Results of Operations Liquidity and Capital Resources – CNA Financial – (Continued) CNA has an effective Registration Statement on Form S-3 registering the future sale of an unlimited amount of its debt and equity securities.\nDividends Dividends of $3.00 per share of CNA’s common stock, including a special dividend of $2.00 per share, were declared and paid in 2015.\nOn February 5, 2016, CNA’s Board of Directors declared a quarterly dividend of $0.25 per share and a special dividend of $2.00 per share, payable March 9, 2016 to shareholders of record on February 22, 2016.\nThe declaration and payment of future dividends is at the discretion of CNA’s Board of Directors and will depend on many factors, including CNA’s earnings, financial condition, business needs, and regulatory constraints.\nRatings Ratings are an important factor in establishing the competitive position of insurance companies.\nCNA’s insurance company subsidiaries are rated by major rating agencies and these ratings reflect the rating agency’s opinion of the insurance company’s financial strength, operating performance, strategic position and ability to meet its obligations to policyholders.\nAgency ratings are not a recommendation to buy, sell or hold any security and may be revised or withdrawn at any time by the issuing organization.\nEach agency’s rating should be evaluated independently of any other agency’s rating.\nOne or more of these agencies could take action in the future to change the ratings of CNA’s insurance subsidiaries.\nThe table below reflects the various group ratings issued by A. M.  Best Company (“A.\nM.  Best”), Moody’s Investors Service, Inc.  (“Moody’s”) and Standard & Poor’s (“S&P”).\nThe table also includes the ratings for CNA senior debt."}
{"_id": "d8afe3ef2", "title": "", "text": "Treasury’s net income in 2014 compared to a net loss in 2013 primarily reflects a $57.3 million increase in net interest income.\nThe improvement in net interest income primarily reflects lower net FTP funding costs and an increase in securities income, partially offset by an increase in interest expense.\nThe increase in non-interest income primarily reflects increases in net security gains and BOLI income.\nThe increase in non-interest expense primarily reflects increases in both direct and allocated expenses.\nAverage total assets increased $246 million in 2014 compared to 2013, reflecting increases in average securities and average short-term investments.\nThe $2.1 billion increase in average total liabilities in 2014 compared to 2013 reflects increases in average brokered deposits, average total borrowings and average notes and debentures ($400 million of subordinated notes were issued in June 2014)."}
{"_id": "d897d09f0", "title": "", "text": "| December 31, 2015 December 31, 2014-1 | In millions of dollars, except ratios | Common Equity Tier 1 Capital | Tier 1 Capital | Total Capital (Tier 1 Capital + Tier 2 Capital)(2) | Total Risk-Weighted Assets | Common Equity Tier 1 Capital ratio-3-4 | Tier 1 Capital ratio-3-4 | Total Capital ratio-3-4 |"}
{"_id": "d8e226464", "title": "", "text": "| December 31, | 2003 | Carrying Amount | (Dollars in thousands) | Financial assets: | Cash and due from banks | Federal funds sold and securities purchased under agreement to resell | Investment securities, at fair value | Non-marketable securities | Net loans | Financial liabilities: | Noninterest-bearing demand deposits | NOW deposits | Money market deposits | Time deposits | Short-term borrowings | Long-term debt | Off-balance sheet financial assets: | Commitments to extend credit |"}
{"_id": "d88391926", "title": "", "text": "| Years Ended December 31 2011 2010 2009 | Interest income | Interest expense | Exchange losses (gains) | Other, net | $946 |"}
{"_id": "d8f62a208", "title": "", "text": "| 2007 $1,131,677 | 2008 | 2009 | 2010 | 2011 | Thereafter | Total |"}
{"_id": "d8888e078", "title": "", "text": "| SharesAuthorizedand Outstanding Call Price perShare as ofDecember 31, 2017 | 2017 | Entergy Mississippi Preferred Stock | Without sinking fund: | Cumulative, $100 par value: | 4.36% Series | 4.56% Series | 4.92% Series | Total without sinking fund |"}
{"_id": "d8f7e6d08", "title": "", "text": "Note 24  Preferred stock JPMorgan Chase is authorized to issue 200 million shares of preferred stock, in one or more series, with a par value of $1 per share.\nOn April 23, 2008, the Firm issued 600,000 shares of Fixed to Floating Rate Noncumulative Perpetual Preferred Stock, Series I (Series I).\nOn July 15, 2008, each series of Bear Stearns preferred stock then issued and outstanding was exchanged into a series of JPMorgan Chase preferred stock (Cumulative Preferred Stock, Series E, Series F and Series G) having substantially identical terms.\nAs a result of the exchange, these preferred shares rank equally with the other series of the Firms preferred stock.\nOn August 21, 2008, the Firm issued 180,000 shares of 8.625% Noncumulative Perpetual Preferred Stock, Series J (Series J).\nOn October 28, 2008, pursuant to the U. S.  Department of the Treasurys (the U.\nS.  Treasury) Capital Purchase Program (the Capital Purchase Program), the Firm issued to the U. S.  Treasury, in exchange for total proceeds of $25.0 billion, (i) 2.5 million shares of the Firms Fixed Rate Cumulative Perpetual Preferred Stock, Series K, par value $1 per share and liquidation preference $10,000 per share (the Series K Preferred Stock), and (ii) a warrant to purchase 88,401,697 shares of the Firms common stock at an exercise price of $42.42 per share (the Warrant).\nThe $25.0 billion proceeds were allocated to the Series K Preferred Stock and the Warrant based on the relative fair value of the instruments.\nThe difference between the initial carrying value of $23.7 billion that was allocated to the Series K Preferred Stock and its redemption value of $25.0 billion will be charged to retained earnings (with a corresponding increase in the carrying value of the Series K Preferred Stock) over the first five years of the contract as an adjustment to the dividend yield using the effective yield method.\nThe Series K Preferred Stock is nonvoting, qualifies as Tier 1 capital and ranks equally with the Firms other series of preferred stock.\nIn the event of a liquidation or dissolution of the Firm, JPMorgan Chases preferred stock then outstanding takes precedence over the Firms common stock for the payment of dividends and the distribution of assets.\nGenerally, dividends on shares of outstanding series of preferred stock are payable quarterly.\nDividends on the shares of Series I preferred stock are payable semiannually at a fixed annual dividend rate of 7.90% through April 2018, and then become payable quarterly at an annual dividend rate of three-month LIBOR plus 3.47%.\nDividends are payable quarterly on the Series K Preferred Stock at a fixed annual dividend rate of 5% for the first five years, and a fixed annual dividend rate of 9% thereafter.\nThe effective dividend yield of Series K Preferred stock is 6.16%.\nThe following is a summary of JPMorgan Chase preferred stock outstanding as of December 31, 2008."}
{"_id": "d8c51904c", "title": "", "text": "(3) Significant Acquisitions and Dispositions 2010 Acquisition of Remaining Interest in Dugan Realty, L. L. C.  On July 1, 2010, we acquired our joint venture partners 50% interest in Dugan Realty, L. L. C.  (Dugan), a real estate joint venture that we had previously accounted for using the equity method, for a payment of $166.7 million.\nDugan held $28.1 million of cash at the time of acquisition, which resulted in a net cash outlay of $138.6 million.\nAs the result of this transaction we obtained 100% of Dugans membership interests.\nAt the date of acquisition, Dugan owned 106 industrial buildings totaling 20.8 million square feet and 63 net acres of undeveloped land located in Midwest and Southeast markets.\nDugan had a secured loan with a face value of $195.4 million due in October 2010, which was repaid at its scheduled maturity date, and a secured loan with a face value of $87.6 million due in October 2012 (see Note 8).\nThe acquisition was completed in order to pursue our strategy to increase our overall allocation to industrial real estate assets.\nThe following table summarizes our allocation of the fair value of amounts recognized for each major class of assets and liabilities (in thousands):"}
{"_id": "d8a117900", "title": "", "text": "| Year ended December 31, 2005 | Revenues | (in millions) | Financial Services Businesses: | Individual Life | Individual Annuities | Group Insurance | Total Insurance Division | Asset Management | Financial Advisory | Retirement | Total Investment Division | International Insurance | International Investments | Total International Insurance and Investments Division | Corporate Operations | Real Estate and Relocation Services | Total Corporate and Other | Total | Realized investment gains (losses), net, and related adjustments | Charges related to realized investment gains (losses), net | Investment gains (losses) on trading account assets supporting insurance liabilities, net | Change in experience-rated contractholder liabilities due to asset value changes | Divested businesses | Equity in earnings of operating joint ventures | Total Financial Services Businesses | Closed Block Business | Total per Consolidated Financial Statements |"}
{"_id": "d875d8b5e", "title": "", "text": "Stock Repurchases Our Board of Directors may authorize the purchase of our common shares.\nUnder our share repurchase authorization, shares may have been purchased from time to time at prevailing prices in the open market, by block purchases, through plans designed to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended, or in privately-negotiated transactions (including pursuant to accelerated share repurchase agreements with investment banks), subject to certain regulatory restrictions on volume, pricing, and timing.\nOn February 14, 2017, our Board of Directors authorized the repurchase of up to $2.25 billion of our common shares expiring on December 31, 2017, exclusive of shares repurchased in connection with employee stock plans.\nOn February 16, 2017, we entered into an accelerated share repurchase agreement, the February 2017 ASR, with Goldman, Sachs & Co.  LLC, or Goldman Sachs, to repurchase $1.5 billion of our common stock as part of the $2.25 billion share repurchase authorized on February 14, 2017.\nOn February 22, 2017, we made a payment of $1.5 billion to Goldman Sachs from available cash on hand and received an initial delivery of 5.83 million shares of our common stock from Goldman Sachs based on the then current market price of Humana common stock.\nThe payment to Goldman Sachs was recorded as a reduction to stockholders’ equity, consisting of a $1.2 billion increase in treasury stock, which reflected the value of the initial 5.83 million shares received upon initial settlement, and a $300 million decrease in capital in excess of par value, which reflected the value of stock held back by Goldman Sachs pending final settlement of the February 2017 ASR.\nUpon settlement of the February 2017 ASR on August 28, 2017, we received an additional 0.84 million shares as determined by the average daily volume weighted-average share price of our common stock during the term of the agreement of $224.81, less a discount and subject to adjustments pursuant to the terms and conditions of the February 2017 ASR, bringing the total shares received under this program to 6.67 million.\nIn addition, upon settlement we reclassified the $300 million value of stock initially held back by Goldman Sachs from capital in excess of par value to treasury stock.\nSubsequent to settlement of the February 2017 ASR, we repurchased an additional 3.04 million shares in the open market, utilizing the remaining $750 million of the $2.25 billion authorization prior to expiration.\nOn December 14, 2017, our Board of Directors authorized the repurchase of up to $3.0 billion of our common shares expiring on December 31, 2020, exclusive of shares repurchased in connection with employee stock plans."}
{"_id": "d886e7b16", "title": "", "text": "7.\nReinsurance Generally, the Company reinsures 90% of the death benefit liability related to almost all individual fixed and variable universal life and term life insurance products.\nAs a result, the Company typically retains and is at risk for, at most, 10% of each policy’s death benefit from the first dollar of coverage for new sales of these policies, subject to the reinsurers fulfilling their obligations.\nThe Company began reinsuring risks at this level during 2001 (2002 for RiverSource Life of NY) for term life insurance and 2002 (2003 for RiverSource Life of NY) for individual fixed and variable universal life insurance.\nPolicies issued prior to these dates are not subject to these same reinsurance levels.\nGenerally, the maximum amount of life insurance risk retained by the Company is $1.5 million on a single life and $1.5 million on any flexible premium survivorship life policy.\nRisk on fixed and variable universal life policies is reinsured on a yearly renewable term basis.\nRisk on most term life policies starting in 2001 (2002 for RiverSource Life of NY) is reinsured on a coinsurance basis, a type of reinsurance in which the reinsurer participates proportionally in all material risks and premiums associated with a policy.\nFor existing LTC policies, the Company ceded 50% of the risk on a coinsurance basis to subsidiaries of Genworth Financial, Inc.  (‘‘Genworth’’) and retained the remaining risk.\nFor RiverSource Life of NY, this reinsurance arrangement applies for 1996 and later issues only.\nGenerally, the Company retains at most $5,000 per month of risk per life on DI policies sold on policy forms introduced in most states in October 2007 (August 2010 for RiverSource Life of NY) and reinsures the remainder of the risk on a coinsurance basis with unaffiliated reinsurance companies.\nThe Company retains all risk for new claims on DI contracts sold on other policy forms.\nThe Company also retains all risk on accidental death benefit claims and substantially all risk associated with waiver of premium provisions.\nAt December 31, 2012 and 2011, traditional life and UL insurance in force aggregated $191.4 billion and $191.2 billion, respectively, of which $138.6 billion and $136.2 billion were reinsured at the respective year ends.\nLife insurance in force is reported on a statutory basis.\nThe Company also reinsures a portion of the risks associated with its personal auto, home and umbrella insurance products through three types of reinsurance agreements with unaffiliated reinsurance companies.\nThe Company purchases reinsurance with a limit of $5 million per loss and the Company retains $750,000 per loss.\nThe Company purchases catastrophe reinsurance that, for 2012, had a limit of $110 million per event and the Company retained $20 million per event.\nFor 2013, the Company’s catastrophe reinsurance has a limit of $125 million per event and we retain $20 million per event.\nThe Company also cedes 90% of every personal umbrella loss with a limit of $5 million."}
{"_id": "d874ac690", "title": "", "text": "ITEM 12.\nSECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS For the information required by this Item 12 with respect to beneficial ownership of our common stock, see “Security Ownership of Certain Beneficial Owners and Management” in the Proxy Statement for our 2016Annual Meeting, which information is incorporated herein by reference.\nThe following table sets forth certain information as of December 31, 2015 regarding our equity plans :"}
{"_id": "d8b57ccba", "title": "", "text": "Assets under management generate fees based on a percentage of their market value.\nThey consist largely of mutual funds and separate accounts, which are comprised of money market products, equities, and taxable and nontaxable fixed income securities.\nCompared to 2003, assets under management increased $154.8 billion, or 52 percent, due to the addition of $148.9 billion of FleetBoston assets under management and increased market valuation partially offset by outflows primarily in money market products.\nClient brokerage assets, a source of commission revenue, were up $61.1 billion, or 69 percent, due to the addition of $55.4 billion FleetBoston client brokerage assets.\nClient brokerage assets consist largely of investments in annuities, money market mutual funds, bonds and equities.\nAssets in custody increased $57.1 billion, or 114 percent, and represent trust assets administered for customers.\nThe addition of $54.5 billion of assets in custody from FleetBoston drove the increase.\nTrust assets encompass a broad range of asset types including real estate, private company ownership interest, personal property and investments.\nNoninterest Income consists primarily of Investment and Brokerage Services, which represents fees earned on client assets, as well as brokerage commissions and trailer fees.\nInvestment and Brokerage Services revenue increased $1.1 billion, or 71 percent, to $2.7 billion.\nThe increase in Investment and Brokerage Services revenue was primarily due to growth in all client assets categories, driven by the addition of FleetBoston.\nThe impact of FleetBoston on Investment and Brokerage Services was $974 million.\nNoninterest Expense increased $1.3 billion, or 64 percent, due to the $889 million increase in expenses related to the inclusion of FleetBoston and this segments allocation of the mutual fund settlement, which amounted to approximately $143 million pre-tax.\nAlso impacting Noninterest Expense was an increase in Personnel Expense reflecting the addition of 637 client managers in Premier Banking, additional financial advisors in BAI and increased incentives in BAI due to increased sales and changes to payout schedules."}
{"_id": "d8ad5a9a6", "title": "", "text": "| Regulated Electric Utility Regulated Natural Gas Utility All Other Reconciling Eliminations Consolidated Total | (Thousands of Dollars) | 2006 | Operating revenues from external customers | Intersegment revenues | Total revenues | Depreciation and amortization | Financing costs, mainly interest expense | Income tax expense (benefit) | Income (loss) from continuing operations | 2005 | Operating revenues from external customers | Intersegment revenues | Total revenues | Depreciation and amortization | Financing costs, mainly interest expense | Income tax expense (benefit) | Income (loss) from continuing operations | 2004 | Operating revenues from external customers | Intersegment revenues | Total revenues | Depreciation and amortization | Financing costs, mainly interest expense | Income tax expense (benefit) | Income (loss) from continuing operations |"}
{"_id": "d8ed432b6", "title": "", "text": "Fuel expenses decreased $14 million in 2016 compared with 2015 due to lower unit costs ($19 million), offset by higher sendout volumes from the companys electric generating facilities ($5 million).\nOther operations and maintenance expenses decreased $49 million in 2016 compared with 2015 due primarily to a decrease in the surcharges for assessments and fees that are collected in revenues from customers ($52 million) and lower uncollectible expense ($12 million), offset in part by higher costs for municipal infrastructure support ($8 million).\nDepreciation and amortization increased $45 million in 2016 compared with 2015 due primarily to higher electric utility plant balances.\nTaxes, other than income taxes increased $54 million in 2016 compared with 2015 due primarily to higher property taxes ($66 million), offset in part by lower state and local revenue taxes ($4 million), a favorable state audit settlement ($3 million), lower sales and use tax reserve based on a favorable audit settlement ($3 million) and lower payroll taxes ($2 million).\nGas CECONYs results of gas operations for the year ended December 31, 2016 compared with the year ended December 31, 2015 is as follows"}
{"_id": "d8bd86ae6", "title": "", "text": "Item 7A.\nQuantitative and Qualitative Disclosures About Market Risk (Amounts in millions) In the normal course of business, we are exposed to market risks related to interest rates, foreign currency rates and certain balance sheet items.\nFrom time to time, we use derivative instruments, pursuant to established guidelines and policies, to manage some portion of these risks.\nDerivative instruments utilized in our hedging activities are viewed as risk management tools and are not used for trading or speculative purposes.\nInterest Rates Our exposure to market risk for changes in interest rates relates primarily to the fair market value and cash flows of our debt obligations.\nThe majority of our debt (approximately 91% and 86% as of December 31, 2014 and 2013, respectively) bears interest at fixed rates.\nWe do have debt with variable interest rates, but a 10% increase or decrease in interest rates would not be material to our interest expense or cash flows.\nThe fair market value of our debt is sensitive to changes in interest rates, and the impact of a 10% change in interest rates is summarized below."}
{"_id": "d86e9b8aa", "title": "", "text": "| (in 000s) | Asset (Liability) Balance at April 30, | 2005 | Interest rate swaps | Interest rate caps | Rate-lock equivalents | Prime short sales | $11,129 |"}
{"_id": "d8e436060", "title": "", "text": "| Fourth Quarter | (Amounts in millions) | External net sales | Intersegment net sales | Segment net sales | Cost of goods sold | Gross profit | Operating expenses | Segment operating earnings |"}
{"_id": "d8a5d6586", "title": "", "text": "| 2009 2008 2007 | (Thousands of Dollars) | Interest income | Other nonoperating income | Insurance policy (expenses) income | Other nonoperating expenses | Other income, net |"}
{"_id": "d87a70a72", "title": "", "text": "| Post-TDR Recorded Investment (c) | During the year ended December 31, 2012Dollars in millions | Commercial lending | Commercial | Commercial real estate | Equipment lease financing | Total commercial lending | Consumer lending | Home equity | Residential real estate | Credit card | Other consumer | Total consumer lending | Total TDRs | During the year ended December 31, 2011 (e)Dollars in millions | Commercial lending | Commercial | Commercial real estate | Equipment lease financing (d) | Total commercial lending | Consumer lending | Home equity | Residential real estate | Credit card | Other consumer | Total consumer lending | Total TDRs |"}
{"_id": "d89f869ec", "title": "", "text": "| In millions of dollars 2009 2008 2007 % Change 2009 vs. 2008 % Change 2008 vs. 2007 | Net interest revenue | Non-interest revenue | Total revenues, net of interest expense | Total operating expenses | Net credit losses | Credit reserve build/(release) | Provision for benefits and claims | Provision for unfunded lending commitments | Provisions for loan losses and for benefits and claims | Income (loss) from continuing operations before taxes | Income taxes (benefits) | Income (loss) from continuing operations | Net income attributable to noncontrolling interests | Net income (loss) | Average assets(in billions of dollars) | Net credit losses as a percentage of average loans |"}
{"_id": "d86feb692", "title": "", "text": "| December 31, 2015(in billions, except ratio data) Total assets at fair value Total level 3 assets | Trading debt and equity instruments | Derivative receivables(a) | Trading assets | AFS securities | Loans | MSRs | Private equity investments(b) | Other | Total assets measuredat fair value on a recurring basis | Total assets measured at fair value on a nonrecurring basis | Total assets measuredat fair value | Total Firm assets | Level 3 assets as a percentage of total Firm assets(a) | Level 3 assets as a percentage of total Firm assets at fair value(a) | 2015 | December 31, (in millions) | Loans(a) | Nonaccrual loans | Loans reported as trading assets | Loans | Subtotal | All other performing loans | Loans reported as trading assets | Loans | Total loans | Long-term debt | Principal-protected debt | Nonprincipal-protected debt(b) | Total long-term debt | Long-term beneficial interests | Nonprincipal-protected debt | Total long-term beneficial interests |"}
{"_id": "d8b6f9a98", "title": "", "text": "| Year Ended December 31, | (In millions) | North America E&P | International E&P | Oil Sands Mining(a) | Corporate | Total capital expenditures | Change in capital expenditure accrual | Additions to property, plant and equipment |"}
{"_id": "d8807da50", "title": "", "text": "| Year Ended December 31, Change | 2010 | (In $ millions, except percentages) | Net sales | Net sales variance | Volume | Price | Currency | Other | Operating profit | Operating margin | Other (charges) gains, net | Equity in net earnings (loss) of affiliates | Earnings (loss) from continuing operations before tax | Depreciation and amortization |"}
{"_id": "d86bc28c2", "title": "", "text": "| 2017 2016 2015 | European Union | Eastern Europe, Middle East & Africa | Asia | Latin America & Canada | 100.0% | 2017 | Pension plans | Postretirement plans |"}
{"_id": "d8ec8225a", "title": "", "text": "| Payments Due by Period | ($ in millions) | Debt-1 | Capital lease obligations-1 | Operating leases where we are the primary obligor | Purchase obligations | Other noncurrent liabilities | Total contractual obligations |"}
{"_id": "d8721afe4", "title": "", "text": "Other income (expense) principally consists of interest income, interest expense and foreign currency exchange gains and losses.\nOther income (expense) was higher in fiscal 2006 relative to fiscal 2005, with the majority of this difference caused by increased interest income in 2006.\nInterest income for fiscal 2006 increased due to higher interest rates and larger cash and marketable securities balances during the year, increasing the returns on the Company’s cash and cash equivalents.\nDuring fiscal 2006, the Company experienced foreign currency exchange gains of $0.6 million, although the U. S.  Dollar weakened slightly versus the Taiwan Dollar and British Pound ($32.60 TD/USD and $0.51 GBP/USD) relative to the end of fiscal 2005 ($32.84 TD/USD and $0.58 GBP/USD).\nDuring fiscal 2005, the Company experienced foreign currency exchange gains of $15.3 million, as the U. S.  Dollar strengthened versus the Taiwan Dollar and British Pound ($32.84 TD/USD and $0.58 GBP/USD) relative to the end of fiscal 2004 (32.19 TD/USD and $0.52 GBP/USD).\nIncome Tax Provision Income tax expense increased by $19.0 million, to $80.4, for fiscal year 2006 from $61.4 million for fiscal year 2005, due to our higher taxable income.\nThe effective tax rate was 13.5% for fiscal 2006 versus 16.5% for fiscal 2005.\nThe decrease in tax rate is due to additional tax benefits received from Taiwan as a result of our continued capital investment in our manufacturing facilities in Taiwan, tax credits resulting from our decision to repatriate certain of our Taiwan earnings to our parent company, and the increased contribution to our income from lower tax jurisdictions during 2006 relative to 2005.\nThis lower effective tax rate resulted in a decrease in the ratio of income tax as a percentage of revenue of approximately 1.4% from fiscal 2005 to fiscal 2006.\nNet Income As a result of the various factors noted above, net income increased 65% to $514.1 million for fiscal year 2006 compared to $311.2 million for fiscal year 2005."}
{"_id": "d89b31bc6", "title": "", "text": "| Contribution to Xcel Energy’s EPS | (Earnings per Share) | Xcel Energy Inc. financing costs | Eloigne(a) | Xcel Energy Inc. taxes and other results | Total Xcel Energy Inc. and other costs |"}
{"_id": "d8e075e4e", "title": "", "text": "Dividend Policy To date, we have not paid a cash dividend on our common stock.\nWe presently intend to retain our net earnings for use in our operations and for geographic expansion and, therefore, we do not anticipate paying any cash dividends in the foreseeable future.\nTransfer Agent and Registrar Contact our transfer agent for questions regarding your stock certificates, including changes of address, name or ownership; lost certificates; or to consolidate multiple accounts.\nWells Fargo Bank, N. A.  P. O.\nBox 64854 South St.  Paul, Minnesota 55164-0854 Toll free: (800) 468-9716 Hearing impaired: (651) 450-4144 www.\nwellsfargo.\ncom/shareownerservices Independent Auditors KPMG LLP 1021 East Cary Street, Suite 2000 Richmond, Virginia 23219-4023 Financial Information For quarterly sales and earnings information, financial reports, filings with the Securities and Exchange Commission (including Form 10-K), news releases and other investor information, please visit our investor website at: investor.\ncarmax.\ncom Information may also be obtained from the Investor Relations Department at: Email: investor_relations@carmax.\ncom Telephone: (804) 747-0422, ext.4489 CEO and CFO Certifications Our chief executive officer and chief financial officer have filed with the SEC the certifications required by Section 302 of the Sarbanes-Oxley Act of 2002 regarding the quality of our public disclosure.\nThese certifications are included as exhibits to the Annual Report on Form 10-K for fiscal 2008.\nIn addition, our chief executive officer annually certifies to the NYSE that he is not aware of any violation by CarMax of the NYSEs corporate governance listing standards.\nThis certification was submitted, without qualification, as required after the 2007 annual meeting of CarMaxs shareholders.\nCorporate Governance Information Copies of the CarMax Corporate Governance Guidelines, the Code of Conduct, and the charters for each of the Audit Committee, Nominating and Governance Committee and Compensation and Personnel Committee are available from our investor website, at investor.\ncarmax.\ncom, under the corporate governance tab.\nAlternatively, shareholders may obtain, without charge, copies of these documents by writing to Investor Relations at the CarMax home office.\nInvestor Relations Security analysts and investors are invited to contact: Katharine Kenny, Assistant Vice President, Investor Relations Telephone: (804) 935-4591 Email: katharine_kenny@carmax.\ncom General Information Members of the media and others seeking general information about CarMax should contact: Lisa Van Riper, Assistant Vice President, Public Affairs Telephone: (804) 935-4594 Email: lisa_vanriper@carmax.\ncom CARMAX, CARMAX THE AUTO SUPERSTORE,THE CARMAX ADVANTAGE, 5-DAY MONEY-BACK GUARANTEE (and design), VALUMAX and CARMAX.\nCOM are all registered trademarks or service marks of CarMax.\nOther company, product and service names may be trademarks or service marks of their respective owners."}
{"_id": "d8a7e4918", "title": "", "text": "| As of December 31, 2013 | Ownership | (In percentages) | InfraServ GmbH & Co. Gendorf KG | InfraServ GmbH & Co. Knapsack KG | InfraServ GmbH & Co. Hoechst KG |"}
{"_id": "d8f094672", "title": "", "text": "LIQUIDITY AND CAPITAL RESOURCES Our principal source of liquidity is operating cash flows.\nOur net income and, consequently, our cash provided from operations are impacted by: sales volume, seasonal sales patterns, timing of new product introductions, profit margins and price changes.\nSales are typically higher during the third and fourth quarters of the year due to seasonal and holiday-related sales patterns.\nGenerally, working capital needs peak during the summer months.\nWe meet these needs primarily by issuing commercial paper.\nCash Flows from Operating Activities Our cash flows provided from (used by) operating activities were as follows:"}
{"_id": "d87d810ae", "title": "", "text": "| Millions of Dollars 2008 2007 2006 | Rental income | Net gain on non-operating asset dispositions | Interest income | Sale of receivables fees | Non-operating environmental costs and other | Total |"}
{"_id": "d8614a782", "title": "", "text": "| Other Postretirement Benefits | Pension   Benefits | (In millions) | 2009 | 2010 | 2011 | 2012 | 2013 | 2014-2018 |"}
{"_id": "d8eed05fc", "title": "", "text": "We recorded revenue related to the Neurovascular business following its divestiture of $122 million, in 2012 and $141 million in 2011, as compared to 2010 revenue generated by the Neurovascular business of $340 million.\nWe continue to generate net sales pursuant to our supply agreements with Stryker; however, these net sales are at significantly lower levels and at reduced gross profit margins as compared to periods prior to the divestiture.\nNOTE D—GOODWILL AND OTHER INTANGIBLE ASSETS The gross carrying amount of goodwill and other intangible assets and the related accumulated amortization for intangible assets subject to amortization and accumulated write-offs of goodwill as of December 31, 2012 and 2011 is as follows:"}
{"_id": "d8a355776", "title": "", "text": "| Year Ended December 31, | 2004 | (In billions, except number of | trading days) | U.S. high-grade | European high-grade | Other | Total | Number of U.S. trading days | Number of U.K. trading days | Year Ended December 31, | 2003 | $ | ($ in thousands) | Revenues | Commissions | U.S. high-grade | European high-grade | Other | Total commissions | Information and user access fees | License fees | Interest income | Other | Total revenues |"}
{"_id": "d8caf36de", "title": "", "text": "| Year Ended December 31, | 2009 | Gas delivered (mdth) | Firm Sales | Full service | Firm transportation | Total Firm Sales and Transportation | Interruptible Sales | Total Gas Sold To O&R Customers | Transportation of customer-owned gas | Interruptible transportation | Sales for resale | Sales to electric generating stations | Off-System Sales | Total Sales and Transportation | Gas delivered ($ in millions) | Firm Sales | Full service | Firm transportation | Total Firm Sales and Transportation | Interruptible Sales | Total Gas Sold To O&R Customers | Transportation of customer-owned gas | Sales to electric generating stations | Other operating revenues | Total Sales and Transportation | Average Revenue Per dth Sold | Residential | General |"}
{"_id": "d8f4917b6", "title": "", "text": "| Ameren UE CIPS Genco CILCORP CILCO IP | 2008: | Statutory federal income tax rate: | Increases (decreases) from: | Permanent items(a) | Depreciation differences | Amortization of investment tax credit | State tax | Reserve for uncertain tax positions | Other(b) | Effective income tax rate | 2007: | Statutory federal income tax rate: | Increases (decreases) from: | Permanent items(a) | Depreciation differences | Amortization of investment tax credit | State tax | Reserve for uncertain tax positions | Other(c) | Effective income tax rate | 2006: | Statutory federal income tax rate: | Increases (decreases) from: | Permanent items(a) | Sales of noncore properties | Nondeductible expenses | Depreciation differences | Amortization of investment tax credit | State tax | Reserve for uncertain tax positions | Other(c) | Effective income tax rate |"}
{"_id": "d8d18d666", "title": "", "text": "| Year Ended December 31, | (millions of dollars) | Defined contribution expense | Defined benefit pension expense | Other postretirement employee benefit expense | Total | December 31, | (in millions) | Nonaccrual loans and leases | Commercial | Commercial real estate | Leases | Total commercial | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Automobile | Student | Credit cards | Other retail | Total retail | Total nonaccrual loans and leases | Loans and leases that are accruing and 90 days or more delinquent | Commercial | Commercial real estate | Leases | Total commercial | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Automobile | Student | Credit cards | Other retail | Total retail | Total accruing and 90 days or more delinquent | Total | Troubled debt restructurings-1 | Backlog as of   December 31, 2009 | 12 Month | Electric Power Infrastructure Services | Natural Gas and Pipeline Infrastructure Services | Telecommunications Infrastructure Services | Fiber Optic Licensing | Total | (In millions) | Net earnings | Interest expense (multiplied by 65%)1 | Return | Average debt2, 5 | Average equity3, 5 | Average benefit plan adjustments3, 4, 5 | Average invested capital | Return on invested capital | 2014 | Net sales | Operating profit | Operating margins | Backlog at year-end |"}
{"_id": "d8a58d1b0", "title": "", "text": "| 2017 2018 | FirstQuarter | Storage Rental Revenue | Service Revenue | Total Revenue |"}
{"_id": "d8df988fa", "title": "", "text": "| U.S. Pension and OtherPostretirement Benefit Plans International Pension Plans | December 31 | Net periodic benefit cost | Discount rate | Expected rate of return on plan assets | Salary growth rate | Benefit obligation | Discount rate | Salary growth rate | December 31 | Health care cost trend rate assumed for next year | Rate to which the cost trend rate is assumed to decline | Year that the trend rate reaches the ultimate trend rate |"}
{"_id": "d8bc6e4e2", "title": "", "text": "Approximately 94% of our debt securities were investment-grade quality, with a weighted average credit rating of AA- by S&P at December 31, 2012.\nMost of the debt securities that were below investment-grade were rated BB, the higher end of the below investment-grade rating scale.\nOur investment policy limits investments in a single issuer and requires diversification among various asset types.\nTax-exempt municipal securities included pre-refunded bonds of $311 million at December 31, 2012 and $332 million at December 31, 2011.\nThese pre-refunded bonds were secured by an escrow fund consisting of U. S.  government obligations sufficient to pay off all amounts outstanding at maturity.\nThe ratings of these prerefunded bonds generally assume the rating of the government obligations at the time the fund is established.\nTax-exempt municipal securities that were not pre-refunded were diversified among general obligation bonds of U. S.  states and local municipalities as well as special revenue bonds.\nGeneral obligation bonds, which are backed by the taxing power and full faith of the issuer, accounted for $1.1 billion of these municipals in the portfolio.\nSpecial revenue bonds, issued by a municipality to finance a specific public works project such as utilities, water and sewer, transportation, or education, and supported by the revenues of that project, accounted for $1.7 billion of these municipals.\nOur general obligation bonds are diversified across the U. S.  with no individual state exceeding 11%.\nIn addition, certain monoline insurers guarantee the timely repayment of bond principal and interest when a bond issuer defaults and generally provide credit enhancement for bond issues related to our tax-exempt municipal securities.\nWe have no direct exposure to these monoline insurers.\nWe owned $627 million and $634 million at December 31, 2012 and 2011, respectively, of tax-exempt securities guaranteed by monoline insurers.\nThe equivalent weighted average S&P credit rating of these tax-exempt securities without the guarantee from the monoline insurer was AA-.\nOur direct exposure to subprime mortgage lending is limited to investment in residential mortgage-backed securities and asset-backed securities backed by home equity loans.\nThe fair value of securities backed by Alt-A and subprime loans was $2 million at December 31, 2012 and $3 million at December 31, 2011.\nThere are no collateralized debt obligations or structured investment vehicles in our investment portfolio.\nThe percentage of corporate securities associated with the financial services industry was 22.8% at December 31, 2012 and 19.3% at December 31, 2011.\nGross unrealized losses and fair values aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position were as follows at December 31, 2012:"}
{"_id": "d8abeaa80", "title": "", "text": "| 2018 2017 2016 | Operating profit, as reported | Rationalization charges | Kichler inventory step up adjustment | Operating profit, as adjusted | Operating profit margins, as reported | Operating profit margins, as adjusted |"}
{"_id": "d81b36200", "title": "", "text": "| (in millions, except per share data) First Quarter Second Quarter Third Quarter Fourth Quarter Total | 2017 | Operating revenues | Operating income | Income from continuing operations | Loss from discontinued operations, net of tax | Net income | Net income attributable to Duke Energy Corporation | Earnings per share: | Income from continuing operations attributable to Duke Energy Corporation common stockholders | Basic | Diluted | Loss from discontinued operations attributable to Duke Energy Corporation common stockholders | Basic | Diluted | Net income attributable to Duke Energy Corporation common stockholders | Basic | Diluted | 2016 | Operating revenues | Operating income | Income from continuing operations | Income (Loss) from discontinued operations, net of tax | Net income (loss) | Net income (loss) attributable to Duke Energy Corporation | Earnings per share: | Income from continuing operations attributable to Duke Energy Corporation common stockholders | Basic | Diluted | Income (Loss) from discontinued operations attributable to Duke Energy Corporation common stockholders | Basic | Diluted | Net income (loss) attributable to Duke Energy Corporation common stockholders | Basic | Diluted |"}
{"_id": "d8b9aa17a", "title": "", "text": "As of December 31, 2012, Schlumberger had approximately $6.3 billion of cash and short-term investments on hand.\nSchlumberger had separate committed debt facility agreements aggregating $4.1 billion with commercial banks, of which $3.8 billion was available and unused as of December 31, 2012.\nThis included $3.5 billion of committed facilities which support commercial paper borrowings in the United States and Europe.\nSchlumberger believes that these amounts are sufficient to meet future business requirements for at least the next 12 months.\nSchlumberger did not have any commercial paper borrowings outstanding as of December 31, 2012."}
{"_id": "d88a2ab2a", "title": "", "text": "| Reconciliation of Adjusted EPS Years Ended December 31, | 2017 | Diluted earnings (loss) per share from continuing operations | Unrealized derivative gains | Unrealized foreign currency (gains) losses | Disposition/acquisition (gains) losses | Impairment losses | Loss on extinguishment of debt | Restructuring costs | U.S. Tax Law Reform Impact | Less: Net income tax benefit on adjustments | Adjusted EPS |"}
{"_id": "d8c711eee", "title": "", "text": "positions and collateral of the defaulting firm at each respective clearing organization, and taking into account any cross-margining loss sharing payments, any of the participating clearing organizations has a remaining liquidating surplus, and any other participating clearing organization has a remaining liquidating deficit, any additional surplus from the liquidation would be shared with the other clearing house to the extent that it has a remaining liquidating deficit.\nAny remaining surplus funds would be passed to the bankruptcy trustee.\nMF Global Bankruptcy Trust.\nThe company provided a $550.0 million financial guarantee to the bankruptcy trustee of MF Global to accelerate the distribution of funds to MF Global customers.\nIn the event that the trustee distributed more property in the second or third interim distributions than was permitted by the Bankruptcy Code and CFTC regulations, the company will make a cash payment to the trustee for the amount of the erroneous distribution or distributions up to $550.0 million in the aggregate.\nA payment will only be made after the trustee makes reasonable efforts to collect the property erroneously distributed to the customer(s).\nIf a payment is made by the company, the company may have the right to seek reimbursement of the erroneously distributed property from the applicable customer(s).\nThe guarantee does not cover distributions made by the trustee to customers on the basis of their claims filed in the bankruptcy.\nBecause the trustee has now made payments to nearly all customers on the basis of their claims, the company believes that the likelihood of payment to the trustee is very remote.\nAs a result, the guarantee liability is estimated to be immaterial at December 31, 2012.\nFamily Farmer and Rancher Protection Fund.\nIn April 2012, the company established the Family Farmer and Rancher Protection Fund (the Fund).\nThe Fund is designed to provide payments, up to certain maximum levels, to family farmers, ranchers and other agricultural industry participants who use CME Group agricultural products and who suffer losses to their segregated account balances due to their CME clearing member becoming insolvent.\nUnder the terms of the Fund, farmers and ranchers are eligible for up to $25,000 per participant.\nFarming and ranching cooperatives are eligible for up to $100,000 per cooperative.\nThe Fund has an aggregate maximum payment amount of $100.0 million.\nIf payments to participants were to exceed this amount, payments would be pro-rated.\nClearing members and customers must register in advance with the company and provide certain documentation in order to substantiate their eligibility.\nPeregrine Financial Group, Inc.  (PFG) filed for bankruptcy protection on July 10, 2012.\nPFG was not one of CMEs clearing members and its customers had not registered for the Fund.\nAccordingly, they were not technically eligible for payments from the Fund.\nHowever, because the Fund was newly implemented and because PFGs customers included many agricultural industry participants for whom the program was designed, the company decided to waive certain terms and conditions of the Fund, solely in connection with the PFG bankruptcy, so that otherwise eligible family farmers, ranchers and agricultural cooperatives could apply for and receive benefits from CME.\nBased on the number of such PFG customers who applied and the estimated size of their claims, the company has recorded a liability in the amount of $2.1 million at December 31, 2012.16."}
{"_id": "d8c9f283e", "title": "", "text": "| December 31, 2009 | Total   Balance   Sheet | (In millions) | Assets: | Premiums, reinsurance and other receivables | Deferred policy acquisition costs and value of business acquired | Total assets | Liabilities: | Future policy benefits | Policyholder account balances | Other policy-related balances | Other liabilities | Total liabilities |"}
{"_id": "d89663ef0", "title": "", "text": "| (In millions) 2013 2012 2011 | Results of continuing operations | Items not included in results of oil and gas operations, net of tax: | Marketing income and other non-oil and gas producing related activities | Income from equity method investments | Items not allocated to segment income, net of tax: | Loss (gain) on asset dispositions | Long-lived asset impairments | Water abatement-Oil Sands Mining | Segment income | December 31, | (In millions) | 2013 | Future cash inflows | Future production and administrative costs | Future development costs | Future income tax expenses | Future net cash flows | 10 percent annual discount for estimated timing of cash flows | Standardized measure of discounted future net cash flows - | related to continuing operations | related to discontinued operations | 2012 | Future cash inflows | Future production and administrative costs | Future development costs | Future income tax expenses | Future net cash flows | 10 percent annual discount for estimated timing of cash flows | Standardized measure of discounted future net cash flows - | related to continuing operations | related to discontinued operations | 2011 | Future cash inflows | Future production and administrative costs | Future development costs | Future income tax expenses | Future net cash flows | 10 percent annual discount for estimated timing of cash flows | Standardized measure of discounted future net cash flows - | related to continuing operations | related to discontinued operations | 2013 | International E&P Operating Statistics | Net liquid hydrocarbon salesvolumes(mbbld)(a) | Europe | Africa | Total International E&P | Liquid hydrocarbon average price realizations(per bbl) | Europe | Africa | Total International E&P | Net natural gas sales volumes(mmcfd) | Europe(b) | Africa | Total International E&P | Natural gas average price realizations(per mcf) | Europe | Africa(c) | Total International E&P |"}
{"_id": "d8d8da2a2", "title": "", "text": "| U.S. International | 2019 | 2020 | 2021 | 2022 | 2023 | 2024-2028 |"}
{"_id": "d8e2395be", "title": "", "text": "| Payments Due by Period | December 31, 2007 | (In millions) | Debt (a) | Operating leases | Claim and claim expense reserves(b) | Future policy benefits reserves(c) | Policyholder funds reserves(c) | Purchase obligations(d) | Total |"}
{"_id": "d8c7a8d80", "title": "", "text": "| Fiscal 2007 Fiscal 2006 | Shares outstanding at beginning of period | Net impact of stock option exercises and other share issuances | Treasury stock purchases | Shares outstanding at end of period |"}
{"_id": "d812de512", "title": "", "text": "(a) Reflects estimated potential changes in benefits payable caused by changes in completion factors for incurred months prior to the most recent three months.\n(b) Reflects estimated potential changes in benefits payable caused by changes in annualized claims trend used for the estimation of per member per month incurred claims for the most recent three months."}
{"_id": "d8cebf088", "title": "", "text": "Effective February 6, 2017, the U. S.  fuel surcharge rates are reset weekly instead of monthly.\nIn addition, the price indices have moved from a two month to a two week lag.\nTotal domestic fuel surcharge revenue increased by $347 million in 2017 as a result of higher fuel surcharge rates caused by an increase in jet and diesel fuel prices, as well as an overall increase in package volume.\nIn addition to the factors above, fuel surcharge revenue was positively impacted by changes to the fuel surcharge calculation, as rates and price indices are updated more frequently to better align with prevailing market rates.\nIn 2016, total fuel surcharge revenue decreased by $219 million as a result of lower fuel surcharge rates caused by declining jet and diesel fuel prices, partially offset by the overall increase in package volume for the period."}
{"_id": "d874d7818", "title": "", "text": "| 2016 2015 | Proved properties | Unproved properties | Total | Accumulated depreciation, depletion and amortization | Net capitalized costs |"}
{"_id": "d870a75ea", "title": "", "text": "Notes to Five Year Summary (a) Includes the effects of items not considered in the assessment of the operating performance of our business segments (see the section, \n“Results of Operations – Unallocated Corporate (Expense) Income, Net” in Management’s Discussion and Analysis of Financial Condition and Results of Operations (MD&A)) which, on a combined basis, increased earnings from continuing operations before income taxes by $214 million, $139 million after tax ($0.31 per share).\nAlso includes a reduction in income tax expense of $62 million ($0.14 per share) resulting from a tax benefit related to claims we filed for additional extraterritorial income exclusion (ETI) tax benefits.\nThese items increased earnings by $201 million after tax ($0.45 per share).\n(b) Includes the effects of items not considered in the assessment of the operating performance of our business segments (see the section, \n“Results of Operations – Unallocated Corporate (Expense) Income, Net” in MD&A) which, on a combined basis, increased earnings from continuing operations before income taxes by $173 million, $113 million after tax ($0.25 per share).\n(c) Includes the effects of items not considered in the assessment of the operating performance of our business segments (see the section, \n“Results of Operations – Unallocated Corporate (Expense) Income, Net” in MD&A) which, on a combined basis, decreased earnings from continuing operations before income taxes by $215 million, $154 million after tax ($0.34 per share).\nAlso includes a reduction in income tax expense resulting from the closure of an Internal Revenue Service examination of $144 million ($0.32 per share).\nThese items reduced earnings by $10 million after tax ($0.02 per share).\n(d) Includes the effects of items not considered in the assessment of the operating performance of our business segments which, on a combined basis, decreased earnings from continuing operations before income taxes by $153 million, $102 million after tax ($0.22 per share).\n(e) Includes the effects of items not considered in the assessment of the operating performance of our business segments which, on a combined basis, decreased earnings from continuing operations before income taxes by $1,112 million, $632 million after tax ($1.40 per share).\n(f) We define return on invested capital (ROIC) as net earnings plus after-tax interest expense divided by average invested capital (stockholders’ equity plus debt), after adjusting stockholders’ equity by adding back adjustments related to postretirement benefit plans.\nWe believe that reporting ROIC provides investors with greater visibility into how effectively we use the capital invested in our operations.\nWe use ROIC to evaluate multi-year investment decisions and as a long-term performance measure, and also use it as a factor in evaluating management performance under certain of our incentive compensation plans.\nROIC is not a measure of financial performance under GAAP, and may not be defined and calculated by other companies in the same manner.\nROIC should not be considered in isolation or as an alternative to net earnings as an indicator of performance.\nWe calculate ROIC as follows:"}
{"_id": "d87a5ca40", "title": "", "text": "The company expects to amortize $1.7 million of actuarial loss from accumulated other comprehensive income (loss) into net periodic benefit costs in 2011.\nAt December 31, 2010, anticipated benefit payments from the plan in future years are as follows:"}
{"_id": "d8ef9047e", "title": "", "text": "| 2010 2009 2008 | Numerator: | Net income | Denominator: | Weighted-average shares outstanding | Effect of dilutive securities | Weighted-average diluted shares | Basic earnings per common share | Diluted earnings per common share |"}
{"_id": "d8721af80", "title": "", "text": "| Fiscal year ended December 30, 2006 Fiscal year ended December 31, 2005 Year over Year | Gross Profit | Outdoor/Fitness | Marine | Automotive/Mobile | Aviation | Total |"}
{"_id": "d8805f000", "title": "", "text": "| 2008 | (Dollars in millions) | Trading account assets | Net derivative assets-2 | Available-for-saledebt securities | Loans and leases-3 | Mortgage servicing rights | Loansheld-for-sale-3 | Other assets-4 | Accrued expenses and other liabilities-3 |"}
{"_id": "d874df6f8", "title": "", "text": "| Years Ended | September 27, 2008 | Amount | Cost of Product Sales | Cost of Product Sales—Amortization of Intangible Assets | $630,392 |"}
{"_id": "d86fcff78", "title": "", "text": "Americas.\nIn 2017, total net sales increased $29.0 million, or 2%, which included comparable sales increasing $19.9 million, or 1%.\nManagement attributed performance in this region to an increase in spending by local customers.\nOn a constant-exchange-rate basis, total net sales increased 1% and comparable sales increased 1%.\nThe increase in the number of jewelry units sold reflected increases in the Jewelry collections and Designer jewelry categories.\nThe decrease in average price per jewelry unit sold reflected decreases across all categories.\nAsia-Pacific.\nIn 2017, total net sales increased $95.9 million, or 10%, which included comparable sales decreasing $6.2 million, or 1%.\nTotal net sales growth was due to increased wholesale sales, primarily in Korea, and the effect of new stores, while comparable store sales reflected growth in mainland China offset by declines in most other countries.\nManagement attributed the declines in other Asia-Pacific countries partly to lower spending by Chinese tourists.\nOn a constant-exchange-rate basis, total net sales increased 8% and comparable sales decreased 2%.\nThe increase in the number of jewelry units sold reflected increases in Jewelry collections and the Designer jewelry categories.\nManagement attributed the decrease in the average price per jewelry unit sold to a shift in sales mix to the Jewelry collections and Designer jewelry categories that partly resulted from the increase in wholesale sales noted above.\nJapan.\nIn 2017, total net sales decreased $8.1 million, or 1%, which included comparable sales decreasing $3.6 million, or 1%.\nThe sales declines reflected the negative effect of currency translation.\nOn a constant-exchange-rate basis, total net sales increased 1% and comparable sales increased 2%.\nThe decrease in the number of jewelry units sold primarily reflected decreases in the Jewelry collections and the Designer jewelry categories, partly offset by increases in the Engagement jewelry category.\nEurope.\nIn 2017, total net sales increased $26.5 million, or 6%, which included comparable sales decreasing $1.4 million, each benefiting from the positive effect of currency translation.\nTotal net sales growth also reflected the effect of new stores and e-commerce sales growth.\nManagement attributed retail sales growth to higher spending by local customers.\nOn a constant-exchange-rate basis, total net sales increased 3% while comparable sales decreased 2%, due to similar trends noted above.\nThe increase in the number of jewelry units sold reflected increases across all categories.\nManagement attributed the increase in average price per unit sold to the positive effect of currency translation.\nOther.\nIn 2017, total net sales increased $24.7 million, or 26%, primarily due to an increase in wholesale sales of diamonds.\nStore Data.\nIn 2018, the Company increased gross retail square footage by 1%, net, through store openings, closings and relocations.\nThe Company opened 10 stores and closed four: opening four in Asia-Pacific (three in China and one in Thailand), two in the Americas (one each in the U. S.  and Latin America), two in Europe (one each in Germany and Denmark), one in Japan and one in the Emerging Markets, while closing two stores in the Americas (in the U. S. ), one store in Asia-Pacific (in China) and one store in Europe (in Italy).\nIn addition, the Company relocated 10 existing stores.\nIn 2017, the Company increased gross retail square footage by 3%, net, through store openings, closings and relocations.\nThe Company opened nine stores and closed seven: opening five in Asia-Pacific (two in China, two in"}
{"_id": "d85f76f64", "title": "", "text": "| 2009 2008 2007 | Loss and loss expense ratio, as reported | Catastrophe losses | Prior period development | Loss and loss expense ratio, adjusted | % Change | (in millions of U.S. dollars) | Net premiums written | Net premiums earned | Losses and loss expenses | Policy acquisition costs | Administrative expenses | Underwriting income | Net investment income | Net realized gains (losses) | Other (income) expense | Income tax expense | Net income | Loss and loss expense ratio | Policy acquisition cost ratio | Administrative expense ratio | Combined ratio | Moody’s Rating Category | Investment Grade: | Aaa-Baa | Below Investment Grade: | Ba | B | Caa-C |"}
{"_id": "d88fbd736", "title": "", "text": "| December 31, | (millions of dollars) | Deferred income taxes — current assets* | Deferred income taxes — current liabilities* | Other non-current assets* | Other non-current liabilities* | Net deferred tax asset (current and non-current) |"}
{"_id": "d88e61db0", "title": "", "text": "| Shares Subject To Option Weighted Average Exercise Price Weighted-Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in millions) | Options outstanding at December 31, 2003 | Granted | Forfeited | Exercised | Options outstanding at December 31, 2004 | Granted | Forfeited | Exercised | Options outstanding at December 31, 2005 | Granted | Forfeited | Exercised | Options outstanding at December 31, 2006 |"}
{"_id": "d8b4f5576", "title": "", "text": "| 2010 Period-to- Period Change 2009 Period-to- Period Change 2008 | Depreciation of tangible property and equipment | Amortization of landfill airspace | Amortization of intangible assets | $1,194 |"}
{"_id": "d89c0dfa4", "title": "", "text": "| For the Years Ended December 31, | 2014 | (Dollars in thousands) | Maintenance materials and supplies |"}
{"_id": "d875c518a", "title": "", "text": "| Year Ended December 31 2015 over 2014 2014 over 2013 | ($ in millions) | Cost of product sales | % of product sales | Cost of service revenues | % of service revenues | Income (loss) from operating investments, net | General and administrative expenses | % of total sales and service revenues | Goodwill impairment | Cost of sales and service revenues |"}
{"_id": "d8aa0452c", "title": "", "text": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Non-Financial Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis During 2009, we classified the Atlantic Star as held for sale and recognized a charge of $7.1 million to reduce the carrying value of the ship to its fair value less cost to sell based on a firm offer received during 2009.\nThis amount was recorded within other operating expenses in our consolidated statement of operations.\nWe determined the fair market value of the Atlantic Star as of December 31, 2010 based on comparable ship sales adjusted for the condition, age and size of the ship.\nWe have categorized these inputs as Level 3 because they are largely based on our own assumptions.\nAs of December 31, 2010, the carrying amount of the Atlantic Star which we still believe represents its fair value was $46.4 million.\nThe following table presents a reconciliation of the Companys fuel call options beginning and ending balances as follows (in thousands):"}
{"_id": "d8729050a", "title": "", "text": "| Years Ended December 31, | 2017 | Common shares outstanding at January 1 | Issuance of restricted stock, excluding restricted stock with performance feature | Vesting of performance units | Vesting of restricted stock with performance feature | Forfeitures of restricted stock | Purchase of treasury stock-1 | Common shares outstanding at December 31 |"}
{"_id": "d8bda34c0", "title": "", "text": "rights plan, the Company declared a dividend of one right (\n“Right”) on each share of Noble Energy, Inc.  common stock.\nEach Right will entitle the holder to purchase one one-hundredth of a share of a new Series A Junior Participating Preferred Stock, par value $1.00 per share, at an exercise price of $150.00.\nThe Rights are not currently exercisable and will become exercisable only in the event a person or group acquires beneficial ownership of 15 percent or more of Noble Energy, Inc.  common stock.\nThe dividend distribution was made on September 8, 1997, to stockholders of record at the close of business on that date.\nThe Rights will expire on September 8, 2007.\nA summary of the status of Noble Energy’s stock option plans as of December 31, 2000, 2001 and 2002, and changes during each of the years then ended, is presented below."}
{"_id": "d8d3d33e4", "title": "", "text": "| December 31 2009 2008 | Gross Case Reserves | Gross IBNR Reserves | Total Gross Carried Claim and Claim Adjustment Expense Reserves | Net Case Reserves | Net IBNR Reserves | Total Net Carried Claim and Claim Adjustment Expense Reserves |"}
{"_id": "d861b4786", "title": "", "text": "| Year Ended December 31 % Change in | $ in millions | Sales | Operating income | Operating margin rate |"}
{"_id": "d8a6bebd8", "title": "", "text": "| December 31 2018 2017 2016 | Michigan | Texas | California | Other Markets: | Arizona | Florida | Canada | Total Other Markets | Total |"}
{"_id": "d8dbbb912", "title": "", "text": "The following table provides the historical cash flows under these policies for the periods indicated.\nThe amounts represent accrued past premium received and claims paid, split by benefit type."}
{"_id": "d866867b4", "title": "", "text": "The Company’s policy is generally to take possession of securities purchased under agreements to resell and securities borrowed, and to receive securities and cash posted as collateral (with rights of rehypothecation).\nIn certain cases, the Company may agree for such collateral to be posted to a third-party custodian under a tri-party arrangement that enables the Company to take control of such collateral in the event of a counterparty default.\nThe Company also monitors the fair value of the underlying securities as compared with the related receivable or payable, including accrued interest, and, as necessary, requests additional collateral as provided under the applicable agreement to ensure such transactions are adequately collateralized.\nThe risk related to a decline in the market value of collateral (pledged or received) is managed by setting appropriate market-based haircuts.\nIncreases in collateral margin calls on secured financing due to market value declines may be mitigated by increases in collateral margin calls on reverse repurchase agreements and securities borrowed transactions with similar quality collateral.\nAdditionally, the Company may request lower quality collateral pledged be replaced with higher quality collateral through collateral substitution rights in the underlying agreements.\nThe Company actively manages its secured financing in a manner that reduces the potential refinancing risk of secured financing for less liquid assets.\nThe Company considers the quality of collateral when negotiating collateral eligibility with counterparties, as defined by its fundability criteria.\nThe Company utilizes shorter-term secured financing for highly liquid assets and has established longer tenor limits for less liquid assets, for which funding may be at risk in the event of a market disruption."}
{"_id": "d8177a9b8", "title": "", "text": "| As of March 2, 2012 | Intangible Assets (in millions) | Total |"}
{"_id": "d8f0a7236", "title": "", "text": "| Shares WeightedAverageExercisePrice Weighted Average Remaining Contractual Term (Years) Aggregate Intrinsic Value | (In millions, except per share amounts and years) | Outstanding at January 1, 2012 | Granted and assumed | Exercised | Forfeited/expired/canceled | Outstanding at December 31, 2012 | Expected to vest | Options exercisable |"}
{"_id": "d8f40b616", "title": "", "text": "Stock Performance Graph The following performance graph and related information shall not be deemed “soliciting material” or to be “filed” with the Securities and Exchange Commission, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933 or the Securities Exchange Act of 1934, each as amended, except to the extent that Sysco specifically incorporates such information by reference into such filing.\nThe following stock performance graph compares the performance of Sysco’s Common Stock to the S&P 500 Index and to the S&P 500 Food/ Staple Retail Index for Sysco’s last five fiscal years.\nThe graph assumes that the value of the investment in our Common Stock, the S&P 500 Index, and the S&P 500 Food/Staple Index was $100 on the last trading day of fiscal 2006, and that all dividends were reinvested.\nPerformance data for Sysco, the S&P 500 Index and the S&P 500 Food/ Staple Retail Index is provided as of the last trading day of each of our last five fiscal years."}
{"_id": "d8932b904", "title": "", "text": "| Schedule of Loss Reserve Development | Year Ended December 31 | (In millions of dollars) | Originally reported gross reserves for unpaid claim and claim adjustment expenses | Originally reported ceded recoverable | Originally reported net reserves for unpaid claim and claim adjustment expenses | Cumulative net paid as of: | One year later | Two years later | Three years later | Four years later | Five years later | Six years later | Seven years later | Eight years later | Nine years later | Ten years later | Net reserves re-estimated as of: | End of initial year | One year later | Two years later | Three years later | Four years later | Five years later | Six years later | Seven years later | Eight years later | Nine years later | Ten years later | Total net (deficiency) redundancy | Reconciliation to gross re-estimated reserves: | Net reserves re-estimated | Re-estimated ceded recoverable | Total gross re-estimated reserves | Total gross (deficiency) redundancy | Net (deficiency) redundancy related to: | Asbestos | Environmental pollution | Total asbestos and environmental pollution | Core (Non-asbestos and environmental pollution) | Total net (deficiency) redundancy | December 31 | (In millions) | Gross Case Reserves | Gross IBNR Reserves | Total Gross Carried Claim and Claim Adjustment Expense Reserves | Net Case Reserves | Net IBNR Reserves | Total Net Carried Claim and Claim Adjustment Expense Reserves |"}
{"_id": "d88a7121e", "title": "", "text": "| For the years ended December 31, | ($ in millions, except per share data) | Numerator: | Net income | Less: Preferred stock dividends | Net income applicable to common shareholders-1 | Denominator: | Weighted average common shares outstanding | Effect of dilutive potential common shares: | Stock options | Restricted stock units (non-participating) and performance stock awards | Weighted average common and dilutive potential common shares outstanding | Earnings per common share – Basic | Earnings per common share – Diluted |"}
{"_id": "d8c38ec36", "title": "", "text": "wrote-off debt issuance costs of $4 million, which resulted in an extraordinary loss for the early retirement of debt.\nNet income Net income decreased $522 million to $273 million in 2001 from $795 million in 2000.\nThe overall decrease in net income is due to decreased net income from competitive supply and large utility businesses offset slightly by increases in the contract generation and growth distribution businesses.\nThe decreases are primarily due to lower market prices in the United Kingdom and the decline in the Brazilian Real during 2001 resulting in foreign currency transaction losses of approximately $210 million.\nAdditionally the Company recorded severance and transaction costs related to the IPALCO pooling-of-interest transaction and a loss from discontinued operations of $194 million.\nOur 10 largest contributors to net income in 2001 were as follows: Lal Pir/Pak Gen, Shady Point and Thames from contract generation; Somerset from competitive supply; EDC, Eletropaulo, IPALCO, CILCORP and CEMIG from large utilities; and Sul from growth distribution.2000 COMPARED TO 1999 Revenues Revenues increased $3.4 billion, or 83%, to $7.5 billion in 2000 from $4.1 billion in 1999.\nThe increase in revenues is due primarily to the acquisition of new businesses.\nExcluding businesses acquired or that commenced commercial operations during 2000 or 1999, revenues increased 6% to $3.6 billion.\nContract generation revenues increased $400 million, or 31%, to $1.7 billion in 2000 from $1.3 billion in 1999.\nExcluding businesses acquired or that commenced commercial operations in 2000 or 1999, contract generation revenues increased 4% to $1.3 billion in 2000.\nThe increase in contract generation segment revenues was due primarily to increases in South America, North America, Caribbean and Asia, offset by a slight decline in Europe/Africa.\nIn South America, contract generation segment revenue increased $245 million, and this is due mainly to the acquisition of Tiete.\nIn North America, contract generation segment revenues increased $76 million due primarily to the start of commercial operations at Warrior Run in January 2000.\nIn the Caribbean, contract generation segment revenues increased $92 million due primarily to the start of commercial operations at Merida III in June 2000 and increased revenues from Los Mina.\nIn Asia, contract generation segment revenue increased $41 million due primarily to increased operations at the Ecogen peaking plant and Lal Pir and Pak Gen in Pakistan.\nIn Europe/Africa, contract generation segment revenues remained fairly constant with decreases at Tisza II in Hungary being offset by the acquisition of a controlling interest at Kilroot.\nCompetitive supply revenues increased $1.5 billion, or 175%, to $2.4 billion in 2000 from $873 million in 1999.\nExcluding businesses acquired or that commenced commercial operations in 2000 or 1999, competitive supply revenues increased 25% to $477 million in 2000.\nThe most significant increases occurred within North America and Europe/Africa.\nSlight increases occurred in South America and the Caribbean.\nAsia reported a slight decrease."}
{"_id": "d8adf5e6a", "title": "", "text": "The intrinsic values, which represent the difference between the fair market value on the date of exercise and the exercise price of the option, of the options exercised in fiscal 2012, 2011 and 2010 were $49,225, $26,308 and $80,783, respectively.\nAt December 30, 2012, the amount of total unrecognized compensation cost related to stock options was $14,000 and the weighted average period over which this will be expensed is 22 months.\nIn 2011 and 2010, the Company granted awards to certain employees consisting of cash settled restricted stock units.\nUnder these awards, the recipients are granted restricted stock units that vest over three years.\nAt the end of the vesting period, the fair value of those units based on Hasbro’s stock price will be paid in cash to the recipient.\nThe Company accounts for these awards as a liability and marks the vested portion of the award to market through the statement of operations.\nIn 2012, 2011 and 2010, the Company recognized expense of $1,348, $804 and $1,004, respectively related to these awards.\nIn 2012, 2011 and 2010, the Company granted 44, 33 and 36 shares of common stock, respectively, to its non-employee members of its Board of Directors.\nOf these shares, the receipt of 33 shares from the 2012 grant, 27 shares from the 2011 grant and 30 shares from the 2010 grant has been deferred to the date upon which the respective director ceases to be a member of the Company’s Board of Directors.\nThese awards were valued at the market value of the underlying common stock at the date of grant and vested upon grant.\nIn connection with these grants, compensation cost of $1,560, $1,560 and $1,440 was recorded in selling, distribution and administration expense in 2012, 2011 and 2010, respectively."}
{"_id": "d8adec25c", "title": "", "text": "Other Industry Developments On September 7, 2017, the UK Ministry of Justice announced a proposal to increase the Ogden rate from negative 0.75 percent to between zero and one percent.\nFollowing this announcement, on December 20, 2018 the UK Parliament passed the Civil Liability Act 2018 which implements a new framework for determining the Ogden rate and requires the UK Ministry of Justice to start a review of the Ogden rate within 90 days of its commencement and review periodically thereafter.\nThe Ministry of Justice concluded a public call for evidence on January 30, 2019 prior to beginning its first review.\nWe will continue to monitor the progress of potential changes to the Ogden rate."}
{"_id": "d8d27b0fa", "title": "", "text": "Revenue related to our creative professional products, which include our Creative Suite editions and CS point products as well as Creative Cloud, decreased during fiscal 2013 as compared to fiscal 2012 due to continued customer adoption of Creative Cloud subscription offerings, released in May 2012, for which revenue is recognized over time.\nRevenue associated with our other creative products increased during fiscal 2013 as compared to fiscal 2012, primarily due to increases associated with distribution of third-party software downloads and our Digital Publishing Suite.\nThese increases were partially offset by decreases in revenue associated with our Hobbyist products.\nFor our creative offerings, the total number of perpetual units licensed decreased while the number of subscription units licensed increased during fiscal 2013 as compared to fiscal 2012.\nUnit average selling prices for our perpetual units licensed decreased during the year ended fiscal 2013 as compared to fiscal 2012.\nDocument Services revenue, which includes our Acrobat product family, decreased slightly during fiscal 2013 as compared to fiscal 2012, primarily due to the continued shift to ETLAs offset by increased Acrobat Cloud Services revenue including revenue generated from our EchoSign e-signing service.\nWithin Document Services, excluding large enterprise license agreements, the number of units licensed decreased while the unit average selling prices increased during fiscal 2013 as compared to fiscal 2012."}
{"_id": "d8c07e208", "title": "", "text": "| Net unrealized gain on derivative instruments(1) SL Green’s share of joint venture net unrealized gain on derivative instruments(2) Net unrealized gain on marketable securities Total | Balance at December 31, 2014 | Other comprehensive loss before reclassifications | Amounts reclassified from accumulated other comprehensive income | Balance at December 31, 2015 | Other comprehensive income before reclassifications | Amounts reclassified from accumulated other comprehensive income | Balance at December 31, 2016 | Other comprehensive (loss) income before reclassifications | Amounts reclassified from accumulated other comprehensive income | Balance at December 31, 2017 |"}
{"_id": "d88f876ea", "title": "", "text": "| Twelve Months Ended December 31, Change | 2015 vs. 2014 | Workforce Solutions | (In millions) | Operating Revenue: | Verification Services | Employer Services | Total operating revenue | % of consolidated revenue | Total operating income | Operating margin |"}
{"_id": "d86d03132", "title": "", "text": "Gathering, Marketing and Processing NEMI markets the majority of the Companys domestic natural gas, as well as certain third-party natural gas.\nNEMI sells natural gas directly to end-users, natural gas marketers, industrial users, interstate and intrastate pipelines, power generators and local distribution companies.\nNEMI markets a portion of the Companys domestic crude oil, as well as certain third-party crude oil.\nThe Company records all of NEMIs sales and expenses as gathering, marketing and processing revenues and expenses.\nAll intercompany sales and expenses have been eliminated in the Companys consolidated financial statements.\nThe gathering, marketing and processing revenues less expenses for NEMI are reflected in the table below."}
{"_id": "d8866b71e", "title": "", "text": "| (Dollars in millions) 2016 2015 2014 2013 2012 | Loan and allowance ratios-5: | Loans and leases outstanding at December 31-6 | Allowance for loan and lease losses as a percentage of total loans and leases outstanding at December 31-6 | Consumer allowance for loan and lease losses as a percentage of total consumer loans and leases outstanding at December 31-7 | Commercial allowance for loan and lease losses as a percentage of total commercial loans and leases outstanding at December 31-8 | Average loans and leases outstanding-6 | Net charge-offs as a percentage of average loans and leases outstanding-6, 9 | Net charge-offs and PCI write-offs as a percentage of average loans and leases outstanding-6 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases at December 31-6, 10 | Ratio of the allowance for loan and lease losses at December 31 to net charge-offs-9 | Ratio of the allowance for loan and lease losses at December 31 to net charge-offs and PCI write-offs | Amounts included in allowance for loan and lease losses for loans and leases that are excluded from nonperforming loans and leases at December 31-11 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases, excluding the allowance for loan and lease losses for loans and leases that are excluded from nonperforming loans and leases at December 31-6, 11 | Loan and allowance ratios excluding PCI loans and the related valuation allowance:-5, 12 | Allowance for loan and lease losses as a percentage of total loans and leases outstanding at December 31-6 | Consumer allowance for loan and lease losses as a percentage of total consumer loans and leases outstanding at December 31-7 | Net charge-offs as a percentage of average loans and leases outstanding-6 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases at December 31-6, 10 | Ratio of the allowance for loan and lease losses at December 31 to net charge-offs |"}
{"_id": "d8d9d0a08", "title": "", "text": "| 2017 2016 2017 2016 | (in millions) | Long-Term Debt: | Long-term debt payable to affiliated trusts — | Variable rate (4.44% at 12/31/17) due 2042 | Long-term senior notes and debt — | Maturity | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 through 2047 | Variable rates (1.82% to 3.75% at 1/1/17) due 2017 | Variable rates (2.29% to 3.05% at 12/31/17) due 2018 | Variable rates (2.04% to 2.18% at 12/31/17) due 2020 | Variable rates (2.55% to 2.79% at 12/31/17) due 2021 | Variable rate (3.75% at 1/1/17) due 2032 to 2036 | Total long-term senior notes and debt | Other long-term debt — | Pollution control revenue bonds — | Maturity | 2019 | 2022 | 2023 through 2049 | Variable rates (2.45% to 2.50% at 12/31/17) due 2018 | Variable rates (1.86% to 1.87% at 12/31/17) due 2021 | Variable rates (1.83% to 1.84% at 12/31/17) due 2022 | Variable rates (1.59% to 1.88% at 12/31/17) due 2024 to 2053 | Plant Daniel revenue bonds -7.13% due 2021 | FFB loans — | 2.57% to 3.86% due 2020 | 2.57% to 3.86% due 2021 | 2.57% to 3.86% due 2022 | 2.57% to 3.86% due 2023 to 2044 | First mortgage bonds — | 4.70% due 2019 | 2.66% to 6.58% due 2023 to 2057 | Gas facility revenue bonds — | Variable rate (1.71% at 12/31/17) due 2022 | Variable rate (1.71% at 12/31/17) due 2024 to 2033 | Junior subordinated notes (5.00% to 6.25%) due 2057 to 2077 | Total other long-term debt | Unamortized fair value adjustment of long-term debt | Capitalized lease obligations | Unamortized debt premium | Unamortized debt discount | Unamortized debt issuance expense | Total long-term debt (annual interest requirement — $1.8 billion) | Less amount due within one year | Long-term debt excluding amount due within one year | Natural Gas | Production Period | 2007 (CIG vs. NYMEX) | 2007 (ANR(1)vs. NYMEX) | 2007 (PEPL(2)vs. NYMEX) | 2008 (CIG vs. NYMEX) | 2008 (ANR vs. NYMEX) | 2008 (PEPL vs. NYMEX) | Year Ended December 31, | 2007 | (in thousands) | Balance at beginning of period | Charged to expense | Deductions and other | Balance at end of period |"}
{"_id": "d8c8df8f2", "title": "", "text": "| Plan Category Number of Securitiesto be Issued UponExercise ofOutstanding Options, Warrants and Rights (A)(B) Weighted-AverageExercise Price ofOutstanding Options, Warrants and Rights Number of SecuritiesRemaining Available forFuture Issuance UnderEquity CompensationPlans (ExcludingSecurities Reflected in Column (A)) (C) | Equity compensation plans approved by security holders |"}
{"_id": "d897fc910", "title": "", "text": "| 2002 2001 | DE@R at end of period | Average DE@R for the period |"}
{"_id": "d8de223fe", "title": "", "text": "| Significant Other Inputs (Level 2) Significant Unobservable Inputs (Level 3) | Fair value, January 1, 2008 | Purchases, January 1—March 31, 2008 | Sales, January 1—March 31, 2008 | Transfers in (out) | Sales, April 1—December 31, 2008 | Calls, July 1—December 31, 2008 | Unrealized losses | Fair value, December 31, 2008 | Calls, at par | Recovery of unrealized losses due to issuer calls | Increase in fair value | Fair value, December 31, 2009 | 2009 | Carrying value | Gross unrecorded gains | Fair value | Settlement date before December 31, | 2016 | December 31, 2015 | (millions) | Foreign currency sold | U.S. dollars sold for Pounds sterling | Euro sold for U.S. dollars | Japanese yen sold for U.S. dollars | Euro sold for Pounds sterling | Total | Fair value(i) |"}
{"_id": "d89ee5f1a", "title": "", "text": "| 2013 % Change 2012 % Change 2011 | Net Revenues | U.S. and Canada | International | Entertainment and Licensing | Operating Profit | U.S. and Canada | International | Entertainment and Licensing |"}
{"_id": "d8a3ffaf0", "title": "", "text": "Consumer Foods net sales decreased $94 million for the year to $6.5 billion.\nSales volume declined by 1% in fiscal 2006, principally due to declines in certain shelf stable brands.\nSales of the Company’s top thirty brands, which represented approximately 83% of total segment sales during fiscal 2006, were flat as a group, as sales of some of the Company’s most significant brands, including Chef Boyardee?, Marie Callender’s?, Orville Redenbacher’s?, Slim Jim?, Hebrew National?, Kid Cuisine?, Reddi-Wip?, VanCamp?, Libby’s?, LaChoy?, The Max?, Manwich?, David’s?, Ro*Tel?, Angela Mia?, and Mama Rosa?\ngrew in fiscal 2006, but were largely offset by sales declines for the year for Hunt’s?, Wesson?, Act II?, Snack Pack?, Swiss Miss?, PAM?, Egg Beaters?, Blue Bonnet?, Parkay?, and Rosarita?.\nFood and Ingredients net sales increased $203 million to $3.2 billion, primarily reflecting price increases driven by higher input costs for potato, wheat milling, and dehydrated vegetable operations.\nNet sales were also impacted, to a lesser degree, by a 4% increase in potato products volume compared to the prior year.\nTrading and Merchandising net sales decreased $38 million to $1.2 billion.\nThe decrease resulted principally from lower grain and edible bean merchandising volume resulting from the divestment or closure of various locations.\nInternational Foods net sales increased $27 million to $603 million.\nThe strengthening of foreign currencies relative to the U. S.  dollar accounted for $24 million of the increase.\nOverall volume growth was modest as the 10% volume growth from the top six International brands (Orville Redenbacher’s?, Act II?, Snack Pack?, Chef Boyardee?, Hunt’s?, and PAM?\n), which account for 55% of total segment sales, was offset by sales declines related to the discontinuance of a number of low margin products."}
{"_id": "d8e50d826", "title": "", "text": "| 2016 2015 | Number of shares repurchased | Amount paid | Weighted average cost per share |"}
{"_id": "d828fb21e", "title": "", "text": "| 2016 period Total sharespurchased (a) Averagepricepaid pershare Total sharespurchased aspartofpubliclyannouncedprograms (b) Maximumnumber ofshares thatmay yet bepurchasedundertheprograms (b) | October 1 – 31 | November 1 – 30 | December 1 – 31 | Total |"}
{"_id": "d8bf4f0da", "title": "", "text": "| Con Edison Con Edison of New York O&R | (Millions of Dollars) | Accrued Liabilities: | Manufactured gas plant sites | Other Superfund Sites | Total | Regulatory assets |"}
{"_id": "d8e16ff66", "title": "", "text": "| March 31, | (Dollars in millions) | Cash and cash equivalents | Working capital | Debt, net of cash and cash equivalents | Debt to capital ratio-1 | Net debt to net capital employed-2 | Return on stockholders’ equity-3 |"}
{"_id": "d86dfdb00", "title": "", "text": "HCP, Inc.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) On October 5, 2006, the Company issued an aggregate of 27.2 million shares of common stock in connection with the CRP and CRC mergers.\nOn November 10, 2006, the Company issued 33.5 million shares of common stock and received net proceeds of approximately $960 million, which were used to repay the bridge loan facility and borrowings under the Companys previous term loan and revolving line of credit facility.\nOn January 19, 2007, the Company issued 6.8 million shares of its common stock and received net proceeds of approximately $261.1 million, which were used to repay outstanding borrowings under the Companys former term loan facility and previous $1.0 billion revolving credit facility.\nOn October 5, 2007, the Company issued 9 million shares of common stock and received net proceeds of approximately $302.6 million, which were used to repay borrowings under the Companys bridge loan facility.\nOn January 28, 2008, the Company announced that its Board declared a quarterly cash dividend of $0.455 per share.\nThe common stock cash dividend will be paid on February 21, 2008 to stockholders of record as of the close of business on February 7, 2008.\nThe annualized rate of distribution for 2008 is $1.82, compared with $1.78 for 2007."}
{"_id": "d825b98a8", "title": "", "text": "| For the Year Ended December 31, | 2011 | (In millions) | 2008 Share Appreciation Program | Compensation expense | Compensation expense, net of tax | Capitalized costs | 2005 Share Appreciation Plan | Compensation expense | Compensation expense, net of tax | Capitalized costs |"}
{"_id": "d8cdeb3be", "title": "", "text": "| Three Months Ended | Dec 31, 2011 | (In thousands, except per share data) | Revenues | Commissions | U.S. high-grade | Eurobond | Other | Total commissions | Technology products and services | Information and user access fees | Interest income | Other | Total revenues-1 | Expenses | Employee compensation and benefits | Depreciation and amortization | Technology and communications | Professional and consulting fees | Occupancy | Marketing and advertising | General and administrative | Total expenses | Income before income taxes | Provision for income taxes | Net income | Net income per common share: | Basic | Diluted | Year Ended December 31, | 2012 | (In thousands) | Valuation allowance at beginning of year | Increase (decrease) to valuation allowance attributable to: | Net operating losses | Tax credits | Valuation allowance at end of year | Year Ended December 31, | 2012 | (In thousands) | Balance at beginning of year | Additions for tax positions of prior years | Additions for tax positions of current year | Reductions for tax positions of prior years | Balance at end of year |"}
{"_id": "d8f3c1372", "title": "", "text": "| 2007 | Revenue | OFS | North America | Latin America | Europe/CIS/Africa | Middle East & Asia | Other | 20,306 | WESTERNGECO | Goodwill and Intangible assets | All other assets | Corporate | Interest income | Interest expense | Charges and credits | $23,277 |"}
{"_id": "d8ca5485e", "title": "", "text": "| Seagate Technology Predecessor Period from July 1, 2000 to November 22, 2000 | Fiscal Year Ended June 27, 2003 | (in millions) | Revenue and Gross Profit | Revenue: | Rigid Disc Drives | Other | Eliminations | Consolidated | Gross Profit: | Rigid Disc Drives | Other | Consolidated | Total Assets | Total Assets: | Rigid Disc Drives | Other | Operating Segments | Eliminations | Consolidated |"}
{"_id": "d8db71844", "title": "", "text": "| December 31, | 2016 | Minimum lease payments receivable | Estimated residual values | Less unearned income | Net investment in direct financing leases | Properties subject to direct financing leases | Percentage of Gross Assets | Total Company December 31, | Tenant | Brookdale-1 | SPP | 2016 | Rental revenues-1 | Operating expenses | NOI | Non-cash adjustments to NOI | Adjusted NOI | Non-SPP adjusted NOI | SPP adjusted NOI | Adjusted NOI % change | Property count-2 | Average capacity (units)(3) | Average annual rent per unit |"}
{"_id": "d89337baa", "title": "", "text": "Income Taves Income tax expense for Fiscal 2011 was $238.6 million, as compared to $211.0 million for Fiscal 2010.\nOur effective income tax rate was 37.7% and 37.9% for Fiscal 2011 and Fiscal 2010, respectively."}
{"_id": "d87821a5a", "title": "", "text": "CONSOLIDATED INCOME STATEMENT REVIEW Our Consolidated Income Statement is presented in Item 8 of this Report.\nNet income for 2011 was $3.1 billion compared with $3.4 billion for 2010.\nResults for 2011 include the impact of $324 million of residential mortgage foreclosure-related expenses primarily as a result of ongoing governmental matters, a $198 million noncash charge related to redemption of trust preferred securities and $42 million for integration costs.\nResults for 2010 included the $328 million after-tax gain on our sale of GIS, $387 million for integration costs, and $71 million of residential mortgage foreclosure-related expenses.\nFor 2010, net income attributable to common shareholders was also impacted by a noncash reduction of $250 million in connection with the redemption of TARP preferred stock.\nPNCs results for 2011 were driven by good performance in a challenging environment of low interest rates, slow economic growth and new regulations."}
{"_id": "d8ed43450", "title": "", "text": "Minority Interest The Company has consolidated certain joint ventures because the Company either was determined to be the primary beneficiary pursuant to Financial Accounting Standards Board (FASB) Interpretation No.46(R) (FIN 46(R)), Consolidation of Variable Interest Entities, or has a controlling interest in these joint ventures.\nTherefore, the entities financial statements are consolidated in the Companys consolidated financial statements and the other partners equity is recorded as minority interest.\nAt November 30, 2006 and 2005, minority interest was $55.4 million and $78.2 million, respectively.\nMinority interest expense, net was $13.4 million, $45.0 million and $10.8 million, respectively, for the years ended November 30, 2006, 2005 and 2004."}
{"_id": "d899d97d8", "title": "", "text": "MARINE SYSTEMS Our Marine Systems group designs, builds and supports submarines and surface ships for the U. S.  Navy and commercial ships for Jones Act customers.\nThe group is one of two primary shipbuilders for the Navy.\nThe groups diverse portfolio of platforms and capabilities includes: ?\nnuclear-powered submarines (Virginia Class); ?\nsurface combatants (DDG-51, DDG-1000, LCS); ?\nauxiliary and combat-logistics ships (T-AKE); ?\ncommercial ships; ?\ndesign and engineering; and ?\noverhaul, repair and lifecycle support services.\nThe substantial majority of Marine Systems workload supports the U. S.  Navy.\nThese efforts include the construction of new ships and the design and development of next-generation platforms to help the customer meet evolving missions and maintain its desired fleet size, as well as maintenance and repair services to maximize the life and effectiveness of in-service ships.\nThis business consists primarily of major ship-construction programs awarded under large, multi-ship contracts that span several years.\nThe groups mature Navy construction programs consist of the fast-attack Virginia-class nuclear-powered submarine, the Arleigh Burke-class (DDG-51) guided-missile destroyer and the Lewis and Clark-class (T-AKE) dry cargo/ammunition combatlogistics ship.\nThe Virginia-class submarine is the first U. S.  submarine designed to address post-Cold War threats, including capabilities tailored for both open-ocean and littoral missions.\nThese stealthy ships are well-suited for a variety of global assignments, including intelligence gathering, specialoperations missions and sea-based missile launch."}
{"_id": "d8800fc6c", "title": "", "text": "| 2010 2011 2012 2013 2014 Thereafter Total | Property Mortgages | Corporate obligations | Joint venture debt-our share | Total |"}
{"_id": "d8c1a8a84", "title": "", "text": "| For the year ended December 31, Increase (decrease) | 2012 | Yield | ($ in millions) | Fixed maturities | Equity securities | Mortgage loans — commercial | Mortgage loans — residential | Real estate | Policy loans | Cash and cash equivalents | Other investments | Total before investment expenses | Investment expenses | Net investment income |"}
{"_id": "d85e5ec4e", "title": "", "text": "DEVON ENERGY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) The following methods and assumptions were used to estimate the fair values in the tables above.\nFixed-income securities — Devon’s fixed-income securities consist of U. S.  Treasury obligations, bonds issued by investment-grade companies from diverse industries, and asset-backed securities.\nThese fixed-income securities are actively traded securities that can be redeemed upon demand.\nThe fair values of these Level 1 securities are based upon quoted market prices.\nDevon’s fixed income securities also include commingled funds that primarily invest in long-term bonds and U. S.  Treasury securities.\nThese fixed income securities can be redeemed on demand but are not actively traded.\nThe fair values of these Level 2 securities are based upon the net asset values provided by the investment managers.\nEquity securities — Devon’s equity securities include a commingled global equity fund that invests in large, mid and small capitalization stocks across the world’s developed and emerging markets.\nThese equity securities can be redeemed on demand but are not actively traded.\nThe fair values of these Level 2 securities are based upon the net asset values provided by the investment managers.\nAt December 31, 2010, Devon’s equity securities consisted of investments in U. S.  large and small capitalization companies and international large capitalization companies.\nThese equity securities were actively traded securities that could be redeemed upon demand.\nThe fair values of these Level 1 securities are based upon quoted market prices.\nAt December 31, 2010, Devon’s equity securities also included a commingled fund that invested in large capitalization companies.\nThese equity securities could be redeemed on demand but were not actively traded.\nThe fair values of these Level 2 securities are based upon the net asset values provided by the investment managers.\nOther securities — Devon’s other securities include commingled, short-term investment funds.\nThese securities can be redeemed on demand but are not actively traded.\nThe fair values of these Level 2 securities are based upon the net asset values provided by investment managers.\nDevon’s hedge fund and alternative investments include an investment in an actively traded global mutual fund that focuses on alternative investment strategies and a hedge fund of funds that invests both long and short using a variety of investment strategies.\nDevon’s hedge fund of funds is not actively traded and Devon is subject to redemption restrictions with regards to this investment.\nThe fair value of this Level 3 investment represents the fair value as determined by the hedge fund manager.\nIncluded below is a summary of the changes in Devon’s Level 3 plan assets (in millions)."}
{"_id": "d8a029f70", "title": "", "text": "| (Square feet in thousands) United States Other Countries Total | Owned | Leased | Total |"}
{"_id": "d81392f30", "title": "", "text": "| As of or for the Year Ended December 31, 2015 Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life | Options: | Exercisable at beginning of year | Expired | Exercisable at end of year |"}
{"_id": "d87e56b50", "title": "", "text": "| North America Europe,Middle East& Africa Asia Pacific South America Total | Electrical/Electronic Architecture | Powertrain Systems | Electronics and Safety | Thermal Systems | Total |"}
{"_id": "d82a3a666", "title": "", "text": "| (Dollars in millions, shares in thousands) 2016 2015 2014 2013 2012 | Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis | Net interest income | Fully taxable-equivalent adjustment | Net interest income on a fully taxable-equivalent basis | Reconciliation of total revenue, net of interest expense to total revenue, net of interest expense on a fully taxable-equivalent basis | Total revenue, net of interest expense | Fully taxable-equivalent adjustment | Total revenue, net of interest expense on a fully taxable-equivalent basis | Reconciliation of income tax expense (benefit) to income tax expense (benefit) on a fully taxable-equivalent basis | Income tax expense (benefit) | Fully taxable-equivalent adjustment | Income tax expense (benefit) on a fully taxable-equivalent basis | Reconciliation of average common shareholders’ equity to average tangible common shareholders’ equity | Common shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible common shareholders’ equity | Reconciliation of average shareholders’ equity to average tangible shareholders’ equity | Shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible shareholders’ equity | Reconciliation of year-end common shareholders’ equity to year-end tangible common shareholders’ equity | Common shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible common shareholders’ equity | Reconciliation of year-end shareholders’ equity to year-end tangible shareholders’ equity | Shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible shareholders’ equity | Reconciliation of year-end assets to year-end tangible assets | Assets | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible assets |"}
{"_id": "d8e0599f6", "title": "", "text": "Total compensation expense for stock options and incentive shares was $115, $159 and $30 for 2017, 2016 and 2015, respectively, of which $5, $14 and $6 was included in discontinued operations.\nThe decrease in expense for 2017 reflects the impact of changes in the stock price.\nThe increase in expense for 2016 reflects an increasing stock price in the current year compared with a decreasing price in 2015, and overlap of awards.\nIncome tax benefits recognized in the income statement for these compensation arrangements during 2017, 2016 and 2015 were $33, $45 and $2, respectively.\nAs of September 30, 2017, total unrecognized compensation expense related to unvested shares awarded under these plans was $149, which is expected to be recognized over a weighted-average period of 1.5 years.\nIn addition to the employee stock option and incentive shares plans, in 2017 the Company awarded 17,984 shares of restricted stock and 2,248 restricted stock units under the restricted stock plan for non-management directors.\nAs of September 30, 2017, 174,335 shares were available for issuance under this plan."}
{"_id": "d8c8acd80", "title": "", "text": "| -1 (2) December 31, 2006 December 31, 2005 | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total Private Trading Account Assets Supporting Insurance Liabilities |"}
{"_id": "d8de58030", "title": "", "text": "| 2007 5,320 | 2008 | 2009 | 2010 | 2011 | 2012 and thereafter | Total |"}
{"_id": "d8f38c2e4", "title": "", "text": "| December 31, 2010 | Expense  (In millions) | Stock Options | Performance Shares | Restricted Stock Units | Year Ended December 31, 2010 | Fixed Maturity Securities | (In millions) | Balance, beginning of year | Total realized/unrealized gains (losses) included in: | Earnings | Other comprehensive income (loss) | Purchases, sales, issuances and settlements -1 | Transfers into and/or out of Level 3 | Balance, end of year |"}
{"_id": "d8f5eaf54", "title": "", "text": "| 2005 2004 | Fourth Quarter | High price | Low price | Close | Dividends |"}
{"_id": "d884f25fe", "title": "", "text": "| Year Ended December 31, | (in millions) | Net prior service credit | Net actuarial loss | Total loss recognized in accumulated other comprehensive income |"}
{"_id": "d8c8c178a", "title": "", "text": "| ($ in millions) 2012 2011 2010 | Ceded property-liability premiums earned | Ceded property-liability claims and claims expense | Industry pool and facilities | MCCA | National Flood Insurance Program | FHCF | Other | Subtotal industry pools and facilities | Other | Ceded property-liability claims and claims expense |"}
{"_id": "d8c8accc2", "title": "", "text": "| Year Ended December 31, 2011 2010 2009 | All operating currencies | Brazilian real | Mexican peso | Australian dollar | South African rand | British pound | Euro | Japanese yen |"}
{"_id": "d8160f3b2", "title": "", "text": "| 2015 2014 2013 | Number of Awards | Nonvested balance — | As of January 1 | Granted | Annual | Other | Vested | Forfeited | As of December 31 |"}
{"_id": "d88c9d452", "title": "", "text": "Redemptions Class B Common Stock and Class C Common Stock Other than Class C (Series II) Common StockMarch 2008 In March 2008, the Company completed the required redemption of a portion of the class B common stock and class C (series I) common stock.\nThe Company used $13.4 billion of net proceeds from the IPO to redeem 154,738,487 shares of class B common stock and 159,657,751 shares of class C (series I) common stock at a redemption price of $42.77 per share.\nAfter the redemptions and subject to the restrictions set forth in the Companys amended and restated certificate of incorporation (the Charter) and the conversion and transfer restrictions below, all outstanding shares of class B common stock are convertible into 175,367,482 shares of class A common stock and 152,009,651 shares of class C (series I, III and IV) common stock are convertible into shares of class A common stock on a one-to-one basis.\nAs a result of the initial funding of the litigation escrow account, the conversion rate applicable to class B common stock was reduced to approximately 0.71 shares of class A common stock for each share of class B common stock, and the 245,513,385 shares of class B common stock were convertible into 175,367,482 shares of class A common stock.\nThe number of shares of class C (series I, III and IV) common stock convertible into shares of class A common stock excludes those class C (series III) common shares that were redeemed in October 2008, as further described below.\nClass C (Series III) Common Stock and Class C (Series II) Common StockOctober 2008 As anticipated, in October 2008, the Company used $1.508 billion of net proceeds from the IPO for the required redemption of 35,263,585 shares of class C (series III) common stock at a redemption price of $42.77 per share as required by the Charter.\nFollowing the October 2008 redemption, the remaining 27,499,203 shares of class C (series III) and class C (series IV) common stock outstanding automatically converted into shares of class C (series I) common stock on a one-to-one basis.\nThe Company also used $1.146 billion of the net proceeds from the IPO to fund the redemption of all class C (series II) common stock in October 2008.\nThe redemption price of $1.146 billion was adjusted for dividends paid and related interest, par value of related shares redeemed, and the return to Visa Europe of the class C (series II) common stock subscription receivable outstanding, resulting in a cash payment of $1.136 billion.\nAs a result of the execution of the IPO, Visa Europe had the option to"}
{"_id": "d8e0b4e3c", "title": "", "text": "| December 31, 2012In millions 1 Yearor Less 1 Through5Years After5 Years GrossLoans | Commercial | Commercial real estate – Real estate projects | Total | Loans with: | Predetermined rate | Floating or adjustable rate | Total |"}
{"_id": "d8956dafa", "title": "", "text": "| 2010 2009 2008 | Share-based compensation cost | Income tax benefit |"}
{"_id": "d8e0d95f2", "title": "", "text": "| December 31, 2014 December 31, 2013 | In millions | Commercial lending | Commercial | Commercial real estate | Total commercial lending | Consumer lending | Consumer | Residential real estate | Total consumer lending | Total |"}
{"_id": "d8bb341bc", "title": "", "text": "The increase in reported operating expenses for these facilities of $3.6 million to $8.7 million for the year ended December 31, 2005, was primarily due to us taking possession of two of these properties in 2005 and an increase in the overall occupancy of such properties.\nThe presentation of expenses between general and administrative and operating expenses is based on the underlying nature of the expense.\nPeriodically, we review the classification of expenses between categories and make revisions based on changes in the underlying nature of the expense.\nGeneral and administrative expenses.\nGeneral and administrative expenses decreased 13% to $32.1 million for the year ended December 31, 2005.\nThe decrease was due to higher costs in 2004 primarily resulting from $1.5 million of income tax expense on income from certain assets held in a taxable REIT subsidiary, the implementation of a new information system, considerable resources that were expended towards initial compliance with certain regulatory requirements, principally Section 404 of the Sarbanes-Oxley Act of 2002, $0.7 million in expenses associated with the relocation of our corporate offices to Long Beach, California in 2004 and a charge of $1.6 million related to the settlement of a lawsuit filed against us by our former Executive Vice President and Chief Financial Officer.\nOffsetting the decrease from 2004 was an increase in compensation related expenses due to an increase in full-time employees from 74 at December 31, 2004, to 83 at December 31, 2005."}
{"_id": "d87dd6cd4", "title": "", "text": "| 2017 $10,509 | 2018 | 2019 | 2020 | 2021 | 2022 and thereafter | Amortization expense of intangible assets |"}
{"_id": "d8abfd25c", "title": "", "text": "| In millions of dollars 2007 Pretax total 2007 After-tax total 2006 Pretax total 2006 After-tax total | Global Cards | Consumer Banking | ICG | Total |"}
{"_id": "d898dd852", "title": "", "text": "(2) In 2013, our principal U. K subsidiary agreed with the trustees of one of the U. K.  plans to contribute an average of $11 million per year to that pension plan for the next three years.\nThe trustees of the plan have certain rights to request that our U. K.  subsidiary advance an amount equal to an actuarially determined winding-up deficit.\nAs of December 31, 2015, the estimated winding-up deficit was ï¿¡240 million ($360 million at December 31, 2015 exchange rates).\nThe trustees of the plan have accepted in practice the agreed-upon schedule of contributions detailed above and have not requested the winding-up deficit be paid."}
{"_id": "d86e6dee6", "title": "", "text": "| December 31, 2009 December 31, 2008 | Amortized cost | (in millions) | Lowest agency rating | AAA | AA | A | BBB | BB and below | Total by lowest agency rating | Vintage | 2003 and prior | 2004 | 2005 | 2006 | 2007 | Total by vintage |"}
{"_id": "d8c397d36", "title": "", "text": "Workforce Solutions revenue increased by 9% in 2017 compared to 2016 due to strong growth in the government, mortgage, financial and pre-employment screening verticals, partially offset by the impact of the cybersecurity incident.\nWorkforce Solutions revenue increased by 22%in 2016 compared to 2015 due to strong growth in the healthcare, mortgage, government, and financial verticals.\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS 71 Deferred revenue consists of amounts billed in excess of revenue recognized on sales of our information services relating generally to the deferral of subscription fees and arrangement consideration from elements not meeting the criteria for having stand-alone value discussed above.\nDeferred revenues are subsequently recognized as revenue in accordance with our revenue recognition policies.\nCost of Services.\nCost of services consist primarily of (1) data acquisition and royalty fees; (2) customer service costs, which include: personnel costs to collect, maintain and update our proprietary databases, to develop and maintain software application platforms and to provide consumer and customer call center support; (3) hardware and software expense associated with transaction processing systems; (4) telecommunication and computer network expense; and (5) occupancy costs associated with facilities where these functions are performed by Equifax employees.\nSelling, General and Administrative Expenses.\nSelling, general and administrative expenses consist primarily of personnel-related costs, restructuring costs, corporate costs, fees for professional and consulting services, advertising costs, and other costs of administration.\nAdvertising.\nAdvertising costs, which are expensed as incurred, totaled $54.6 million, $63.6 million and $65.1 million during 2017, 2016 and 2015, respectively.\nStock-Based Compensation.\nWe recognize the cost of stock-based payment transactions in the financial statements over the period services are rendered according to the fair value of the stock-based awards issued.\nAll of our stock-based awards, which are stock options and nonvested stock, are classified as equity instruments.\nIncome Taxes.\nWe account for income taxes under the liability method.\nWe record deferred income taxes using enacted tax laws and rates for the years in which the taxes are expected to be paid.\nDeferred income tax assets and liabilities are recorded based on the differences between the financial reporting and income tax bases of assets and liabilities.\nWe assess whether it is more likely than not that we will generate sufficient taxable income to realize our deferred tax assets.\nWe record a valuation allowance, as necessary, to reduce our deferred tax assets to the amount of future tax benefit that we estimate is more likely than not to be realized.\nWe record tax benefits for positions that we believe are more likely than not of being sustained under audit examinations.\nWe assess the potential outcome of such examinations to determine the adequacy of our income tax accruals.\nWe recognize interest and penalties accrued related to unrecognized tax benefits in the provision for income taxes on our Consolidated Statements of Income.\nWe adjust our income tax provision during the period in which we determine that the actual results of the examinations may differ from our estimates or when statutory terms expire.\nChanges in tax laws and rates are reflected in our income tax provision in the period in which they occur.\nEarnings Per Share.\nOur basic earnings per share, or EPS, is calculated as net income divided by the weightedaverage number of common shares outstanding during the reporting period.\nDiluted EPS is calculated to reflect the potential dilution that would occur if stock options or other contracts to issue common stock were exercised and resulted in additional common shares outstanding.\nThe net income amounts used in both our basic and diluted EPS calculations are the same.\nA reconciliation of the weighted-average outstanding shares used in the two calculations is as follows:"}
{"_id": "d815f4936", "title": "", "text": "| (in millions) December 31,2015 Netinflows Marketchange FX impact December 31,2016 | Equity | Fixed income | Multi-asset | Alternatives-1 | Total |"}
{"_id": "d8c9b0966", "title": "", "text": "Approximately 95% of capital lease payments relate to locomotives.\nRent expense for operating leases with terms exceeding one month was $590 million in 2015, $593 million in 2014, and $618 million in 2013.\nWhen cash rental payments are not made on a straight-line basis, we recognize variable rental expense on a straight-line basis over the lease term.\nContingent rentals and sub-rentals are not significant.18.\nCommitments and Contingencies Asserted and Unasserted Claims  Various claims and lawsuits are pending against us and certain of our subsidiaries.\nWe cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations, financial condition, or liquidity.\nTo the extent possible, we have recorded a liability where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated.\nWe do not expect that any known lawsuits, claims, environmental costs, commitments, contingent liabilities, or guarantees will have a material adverse effect on our consolidated results of operations, financial condition, or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters.\nPersonal Injury  The cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year.\nWe use an actuarial analysis to measure the expense and liability, including unasserted claims.\nThe Federal Employers Liability Act (FELA) governs compensation for work-related accidents.\nUnder FELA, damages are assessed based on a finding of fault through litigation or out-of-court settlements.\nWe offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work.\nOur personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments.\nApproximately 94% of the recorded liability is related to asserted claims and"}
{"_id": "d82cf6936", "title": "", "text": "| Year Ended December 31, | 2005 | Shares | (In thousands, except share data) | Common shares | Balance, beginning of year | Exercise of stock options | Shares issued under dividend reinvestment plan | Performance and restricted shares granted, net of restricted shares retired | Reclassification for preferred stock redemption | Issuance of shares in public offering | Conversion and redemption of OP units | Shares issued to purchase partnership interests | Stock compensation associated with variable accounting | Balance, end of year | Accumulated dividends in excess of net income | Balance, beginning of year | Net income | Dividends declared to common shareholders | Preferred share dividends and redemption costs | Balance, end of year | Treasury shares | Balance, beginning of year | Performance and restricted shares forfeited | Balance, end of year | Deferred compensation on restricted shares | Balance, beginning of year | Performance and restricted shares issued, net of forfeitures | Vesting of performance and restricted shares | Balance, end of year | Notes receivable from issuance of common shares | Balance, beginning of year | Loans issued | Loans paid | Balance, end of year | Accumulated other comprehensive income (loss) | Balance, beginning of year | Adjustments to unrealized gains (losses) on securities | Adjustments to unrealized gains on interest rate swaps | Loss on interest rate hedge transaction | Balance, end of year | Comprehensive income | Net income | Adjustments to unrealized gains (losses) on securities | Adjustments to unrealized gains on interest rate swaps | Termination of interest rate swap | Total comprehensive income |"}
{"_id": "d82729b84", "title": "", "text": "SHORT-DURATION REINSURANCE Short-duration reinsurance is effected under reinsurance treaties and by negotiation on individual risks.\nCertain of these reinsurance arrangements consist of excess of loss contracts that protect us against losses above stipulated amounts.\nCeded premiums are considered prepaid reinsurance premiums and are recognized as a reduction of premiums earned over the contract period in proportion to the protection received.\nAmounts recoverable from reinsurers on short-duration contracts are estimated in a manner consistent with the claims liabilities associated with the reinsurance and presented as a component of Reinsurance assets.\nReinsurance premiums for assumed business are estimated based on information received from brokers, ceding companies and reinsurers.\nAny subsequent differences arising on such estimates are recorded in the periods in which they are determined.\nAssumed reinsurance premiums are earned primarily on a pro-rata basis over the terms of the reinsurance contracts and the portion of premiums relating to the unexpired terms of coverage is included in the reserve for unearned premiums.\nReinsurance premiums for assumed business are estimated based on information received from brokers, ceding companies and reinsureds.\nAny subsequent differences arising on such estimates are recorded in the periods in which they are determined.\nFor both ceded and assumed reinsurance, risk transfer requirements must be met for reinsurance accounting to apply.\nIf risk transfer requirements are not met, the contract is accounted for as a deposit, resulting in the recognition of cash flows under the contract through a deposit asset or liability and not as revenue or expense.\nTo meet risk transfer requirements, a reinsurance contract must include both insurance risk, consisting of both underwriting and timing risk, and a reasonable possibility of a significant loss for the assuming entity.\nSimilar risk transfer criteria are used to determine whether directly written insurance contracts should be accounted for as insurance or as a deposit."}
{"_id": "d8d3c5618", "title": "", "text": "| PBO exceeds fair value of plan assets ABO exceeds fair value of plan assets | Non-U.S. Plans | (in millions) | Projected benefit obligation | Accumulated benefit obligation | Fair value of plan assets |"}
{"_id": "d8c043a5e", "title": "", "text": "| Year Ended December 31, | 2018 | (In thousands, except per share data) | Net income | Net income attributable to noncontrolling interests | Gain on sale of real estate and change in control of interests, net | Depreciation and amortization of real estate assets | Amortization of initial direct costs of leases | Funds from operations | Dividends on preferred shares -1 | Income attributable to operating partnership units | Income attributable to unvested shares | Funds from operations available for common shareholders -2 | Weighted average number of common shares, diluted -1 | Funds from operations available for common shareholders, per diluted share -2 |"}
{"_id": "d8f26f348", "title": "", "text": "| 1999 Change 1998 Change 1997 | Cash, cash equivalents, and short-term investments | Working capital | Stockholders' equity |"}
{"_id": "d8dd2166c", "title": "", "text": "Table of Contents Transition Taxes Liability As a result of the Tax Act enacted on December 22, 2017, all historical undistributed foreign subsidiary earnings were subject to a mandatory one-time transition tax.\nDuring fiscal 2018, we recorded a transition tax liability of $504 million and other tax liabilities, including state, of $6 million.\nUnder an election of the Tax Act, the transition tax is payable over eight years beginning in fiscal 2019, with 8% due in each of the first five years, 15% in year six, 20% in year seven, and 25% in year eight.\nAs we repatriate the undistributed earnings of our foreign subsidiaries for use in the U. S. , the earnings from our foreign subsidiaries will generally not be subject to U. S.  federal tax.\nWe continuously evaluate the future cash needs of our global operations to determine the amount of foreign earnings that is not necessary to be permanently reinvested in our foreign subsidiaries."}
{"_id": "d87ec1b80", "title": "", "text": "| ($ in millions) Reserve for property-liability insurance claims and claims expense Reinsurance recoverables, net | 2010 | Industry pools and facilities | Asbestos and environmental | Other including allowance for future uncollectible reinsurance recoverables | Total Property-Liability |"}
{"_id": "d8c06ca3a", "title": "", "text": "CITIZENS FINANCIAL GROUP, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 170 There are 49,742,766 shares of Company common stock available for awards to be granted under the Omnibus Plan and Directors Plan.\nIn addition, there are 6,255,128 shares available for awards under the ESPP.\nUpon settlement of share-based awards, the Company generally issues new shares, but may also issue shares from treasury stock.\nCompensation Expense Citizens measures compensation expense related to stock awards based upon the fair value of the awards on the grant date.\nCompensation expense is adjusted for forfeitures as they occur.\nThe related expense is charged to earnings on a straight-line basis over the requisite service period (e. g. , vesting period) of the award.\nWith respect to performance-based stock awards, compensation expense is adjusted upward or downward based upon the probability of achievement of performance.\nAwards that continue to vest after retirement are expensed over the shorter of the period of time from grant date to the final vesting date or from the grant date to the date when an employee is retirement eligible.\nAwards granted to employees who are retirement eligible at the grant date are generally expensed immediately upon grant.\nCompensation expense related to the share plans (including the ESPP) was $41 million, $39 million, and $23 million for the years ended December 31, 2018, 2017, and 2016, respectively.\nAt December 31, 2018, the total unrecognized compensation expense for nonvested equity awards granted was $41 million.\nThis expense is expected to be recognized over a weighted-average period of two years.\nNo share-based compensation costs were capitalized during the years ended December 31, 2018, 2017, and 2016.\nThe income tax benefit recognized in earnings based on the compensation expense recognized for all sharebased compensation arrangements amounted to $3 million, $9 million and $8 million for the years ended December 31, 2018, 2017, and 2016, respectively."}
{"_id": "d8f49187e", "title": "", "text": "| (In millions) 2008 | Current assets | Noncurrent assets | Total assets | Current liabilities | Noncurrent liabilities | Total liabilities | Net assets held for sale |"}
{"_id": "d866e50f2", "title": "", "text": "| 2011 2010 2009 | Cash, cash equivalents and marketable securities | Accounts receivable, net | Inventories | Working capital | Annual operating cash flow |"}
{"_id": "d86b2253e", "title": "", "text": "| 2012 2011 | U.S. life insurance subsidiaries, includes domestic captive insurance subsidiaries | Property and casualty insurance subsidiaries | Total |"}
{"_id": "d89cb9c0a", "title": "", "text": "Reinsurance Receivables.\nWe have purchased reinsurance to reduce our exposure to adverse claim experience, large claims and catastrophic loss occurrences.\nOur ceded reinsurance provides for recovery from reinsurers of a portion of losses and loss expenses under certain circumstances.\nSuch reinsurance does not relieve us of our obligation to our policyholders.\nIn the event our reinsurers are unable to meet their obligations under these agreements or are able to successfully challenge losses ceded by us under the contracts, we will not be able to realize the full value of the reinsurance receivable balance.\nTo minimize exposure from uncollectible reinsurance receivables, we have a reinsurance security committee that evaluates the financial strength of each reinsurer prior to our entering into a reinsurance arrangement.\nIn some cases, we may hold full or partial collateral for the receivable, including letters of credit, trust assets and cash.\nAdditionally, creditworthy foreign reinsurers of business written in the U. S. , as well as capital markets’ reinsurance mechanisms, are generally required to secure their obligations.\nWe have established reserves for uncollectible balances based on our assessment of the collectability of the outstanding balances.\nAs of December 31, 2017 and 2016, the reserve for uncollectible balances was $15.0 million.\nActual uncollectible amounts may vary, perhaps substantially, from such reserves, impacting income (loss) in the period in which the change in reserves is made.\nSee also ITEM 8, “Financial Statements and Supplementary Data” - Note 11 of Notes to the Consolidated Financial Statements and “Financial Condition – Reinsurance Receivables” below."}
{"_id": "d8cbd7e4c", "title": "", "text": "Recourse Debt Transactions During 2010, the Company redeemed $690 million aggregate principal of its 8.75% Second Priority Senior Secured Notes due 2013 (“the 2013 Notes”).\nThe 2013 Notes were redeemed at a redemption price equal to 101.458% of the principal amount redeemed.\nThe Company recognized a pre-tax loss on the redemption of the 2013 Notes of $15 million for the year ended December 31, 2010, which is included in “Other expense” in the accompanying Consolidated Statement of Operations.\nOn July 29, 2010, the Company entered into a second amendment (“Amendment No.2”) to the Fourth Amended and Restated Credit and Reimbursement Agreement, dated as of July 29, 2008, among the Company, various subsidiary guarantors and various lending institutions (the “Existing Credit Agreement”) that amends and restates the Existing Credit Agreement (as so amended and restated by Amendment No.2, the “Fifth Amended and Restated Credit Agreement”).\nThe Fifth Amended and Restated Credit Agreement adjusted the terms and conditions of the Existing Credit Agreement, including the following changes: ?\nthe aggregate commitment for the revolving credit loan facility was increased to $800 million; ?\nthe final maturity date of the revolving credit loan facility was extended to January 29, 2015; ?\nchanges to the facility fee applicable to the revolving credit loan facility; ?\nthe interest rate margin applicable to the revolving credit loan facility is now based on the credit rating assigned to the loans under the credit agreement, with pricing currently at LIBOR + 3.00%; ?\nthere is an undrawn fee of 0.625% per annum; ?\nthe Company may incur a combination of additional term loan and revolver commitments so long as total term loan and revolver commitments (including those currently outstanding) do not exceed $1.4 billion; and ?\nthe negative pledge (i. e. , a cap on first lien debt) of $3.0 billion.\nRecourse Debt Covenants and Guarantees Certain of the Company’s obligations under the senior secured credit facility are guaranteed by its direct subsidiaries through which the Company owns its interests in the AES Shady Point, AES Hawaii, AES Warrior Run and AES Eastern Energy businesses.\nThe Company’s obligations under the senior secured credit facility are, subject to certain exceptions, secured by: (i) all of the capital stock of domestic subsidiaries owned directly by the Company and 65% of the capital stock of certain foreign subsidiaries owned directly or indirectly by the Company; and"}
{"_id": "d88dbe58e", "title": "", "text": "| Year Ended December 31 | 2004 | (In thousands) | Principal and interest payments on retained securities | Servicing fees received |"}
{"_id": "d86d24152", "title": "", "text": "Commercial Operations Overview NRG seeks to maximize profitability and manage cash flow volatility through the marketing, trading and sale of energy, capacity and ancillary services into spot, intermediate and long-term markets and through the active management and trading of emissions allowances, fuel supplies and transportation-related services.\nThe Company's principal objectives are the realization of the full market value of its asset base, including the capture of its extrinsic value, the management and mitigation of commodity market risk and the reduction of cash flow volatility over time.\nNRG enters into power sales and hedging arrangements via a wide range of products and contracts, including PPAs, fuel supply contracts, capacity auctions, natural gas derivative instruments and other financial instruments.\nIn addition, because changes in power prices in the markets where NRG operates are generally correlated to changes in natural gas prices, NRG uses hedging strategies that may include power and natural gas forward sales contracts to manage the commodity price risk primarily associated with the Company's coal and nuclear generation assets.\nThe objective of these hedging strategies is to stabilize the cash flow generated by NRG's portfolio of assets.\nNRG also trades electric power, natural gas, oil, weather and related commodity and financial products, including forwards, futures, options and swaps, primarily through its ownership of Boston Energy Trading and Marketing, or BETM, which was acquired in the acquisition of EME.\nBETM seeks to generate profits from volatility in the price of electricity, capacity, fuels and transmission congestion by buying and selling contracts in wholesale markets under guidelines approved by the Company's risk management committee."}
{"_id": "d86a900d0", "title": "", "text": "Notes to Consolidated Financial Statements Subordinated Borrowings Unsecured long-term borrowings include subordinated debt and junior subordinated debt.\nJunior subordinated debt is junior in right of payment to other subordinated borrowings, which are junior to senior borrowings.\nAs of December 2012 and December 2011, subordinated debt had maturities ranging from 2015 to 2038 and 2017 to 2038, respectively.\nThe table below presents subordinated borrowings."}
{"_id": "d8d34d74e", "title": "", "text": "M & T BANK CORPORATION AND SUBSIDIARIES Notes to Financial Statements  (Continued) The Commercial Banking segment provides a wide range of credit products and banking services to middle-market and large commercial customers, largely within the markets the Company serves.\nAmong the services provided by this segment are commercial lending and leasing, letters of credit, deposit products and cash management services.\nThe Commercial Real Estate segment provides credit services which are secured by various types of multifamily residential and commercial real estate and deposit services to its customers.\nActivities of this segment also include the origination, sales and servicing of commercial real estate loans.\nThe Discretionary Portfolio segment includes securities, residential mortgage loans and other assets; short-term and long-term borrowed funds; brokered certificates of deposit and interest rate swap agreements related thereto; and offshore branch deposits.\nThis segment also provides foreign exchange services to customers.\nThe Residential Mortgage Banking segment originates and services residential mortgage loans for consumers and sells substantially all of those loans in the secondary market to investors or to bank subsidiaries of M&T.\nThe segment periodically purchases servicing rights to loans that have been originated by other entities.\nThis segment also originates and services loans to developers of residential real estate properties.\nResidential mortgage loans held for sale are included in the Residential Mortgage Banking segment.\nThe Retail Banking segment offers a variety of services to consumers and small businesses through several delivery channels that include banking offices, automated teller machines, telephone banking and internet banking.\nThe All Other category includes other operating activities of the Company that are not directly attributable to the reported segments as determined in accordance with SFAS No.131, the difference between the provision for credit losses and the calculated provision allocated to the reportable segments, goodwill and core deposit and other intangible assets resulting from acquisitions of financial institutions, the net impact of the Companys internal funds transfer pricing methodology, eliminations of transactions between reportable segments, certain nonrecurring transactions, the residual effects of unallocated support systems and general and administrative expenses, and the impact of interest rate risk management strategies.\nThe amount of intersegment activity eliminated in arriving at consolidated totals was included in the All Other category as follows:"}
{"_id": "d86b5f0c4", "title": "", "text": "| Payments Due by Period | (in millions) | Operating leases | Purchase obligations† | Minimum royalty obligations | Interest payments†† | $767 |"}
{"_id": "d87cad9a2", "title": "", "text": "Managements Discussion and Analysis Institutional Client Services Our Institutional Client Services segment is comprised of: Fixed Income, Currency and Commodities Client Execution.\nIncludes client execution activities related to making markets in interest rate products, credit products, mortgages, currencies and commodities.\nWe generate market-making revenues in these activities in three ways: ° In large, highly liquid markets (such as markets for U. S.  Treasury bills or certain mortgage pass-through certificates), we execute a high volume of transactions for our clients for modest spreads and fees.\n° In less liquid markets (such as mid-cap corporate bonds, growth market currencies or certain non-agency mortgage-backed securities), we execute transactions for our clients for spreads and fees that are generally somewhat larger.\n° We also structure and execute transactions involving customized or tailor-made products that address our clients risk exposures, investment objectives or other complex needs (such as a jet fuel hedge for an airline).\nGiven the focus on the mortgage market, our mortgage activities are further described below.\nOur activities in mortgages include commercial mortgagerelated securities, loans and derivatives, residential mortgage-related securities, loans and derivatives (including U. S.  government agency-issued collateralized mortgage obligations, other prime, subprime and Alt-A securities and loans), and other asset-backed securities, loans and derivatives.\nWe buy, hold and sell long and short mortgage positions, primarily for market making for our clients.\nOur inventory therefore changes based on client demands and is generally held for short-term periods.\nSee Notes 18 and 27 to the consolidated financial statements for information about exposure to mortgage repurchase requests, mortgage rescissions and mortgage-related litigation.\nEquities.\nIncludes client execution activities related to making markets in equity products and commissions and fees from executing and clearing institutional client transactions on major stock, options and futures exchanges worldwide, as well as over-the-counter transactions.\nEquities also includes our securities services business, which provides financing, securities lending and other prime brokerage services to institutional clients, including hedge funds, mutual funds, pension funds and foundations, and generates revenues primarily in the form of interest rate spreads or fees."}
{"_id": "d8694b710", "title": "", "text": "transactions had the cumulative effect of reducing our risk-weighted assets by $16.8 billion and $34.0 billion, and strengthened our Tier 1 capital ratio by 11 bps and 24 bps and our Tier 1 common capital ratio by eight bps and 12 bps.\nBelow is a discussion of certain risk characteristics of the residential mortgage portfolio, excluding the Countrywide purchased impaired loan portfolio, which contributed to higher losses.\nThese characteristics include loans with high refreshed LTVs, loans which were originated at the peak of home prices in 2006 and 2007, loans to borrowers located in the states of California and Florida where we have concentrations and where significant declines in home prices have been experienced, as well as interest-only loans.\nAlthough the disclosures below address each of these risk characteristics separately, there is significant overlap in loans with these characteristics, which contributed to a disproportionate share of the losses in the portfolio.\nExcluding the Countrywide purchased impaired portfolio, residential mortgage loans with all of these higher risk characteristics comprised seven percent of the total residential mortgage portfolio at December 31, 2009, but have accounted for 31 percent of the residential mortgage net charge-offs in 2009.\nResidential mortgage loans with a greater than 90 percent but less than 100 percent refreshed LTV represented 11 percent of the residential mortgage portfolio and loans with a refreshed LTV greater than 100 percent represented 26 percent at December 31, 2009.\nOf the loans with a refreshed LTV greater than 100 percent, 90 percent were performing at December 31, 2009.\nLoans with a refreshed LTV greater than 100 per cent reflect loans where the outstanding book balance of the loan is greater than the most recent valuation of the property securing the loan.\nThe majority of these loans have a refreshed LTV greater than 100 percent due primarily to home price deterioration from the weakened economy.\nLoans with refreshed FICO scores below 620 represented 16 percent of the residential mortgage portfolio.\nThe 2006 and 2007 vintage loans, which represented 42 percent of our residential mortgage portfolio at December 31, 2009, continued to season and have higher refreshed LTVs and accounted for 69 percent of nonperforming residential mortgage loans at December 31, 2009 and approximately 75 percent of residential mortgage net charge-offs during 2009.\nThe table below presents outstandings, nonperforming loans and net charge-offs by certain state concentrations for the residential mortgage portfolio.\nCalifornia and Florida combined represented 43 percent of the total residential mortgage portfolio and 47 percent of nonperforming residential mortgage loans at December 31, 2009, but accounted for 58 percent of the residential mortgage net charge-offs for 2009.\nThe Los Angeles-Long Beach-Santa Ana Metropolitan Statistical Area (MSA) within California represented 12 percent and 13 percent of the total residential mortgage portfolio at December 31, 2009 and 2008.\nAdditionally, 37 percent and 24 percent of loans in California and Florida are in reference pools of synthetic securitizations, as described above, which provide mezzanine risk protection."}
{"_id": "d8a89e980", "title": "", "text": "The Company had an investment in FHLB stock of $140.2 million and $164.4 million at December 31, 2011 and 2010, respectively.\nThe Company must also maintain qualified collateral as a percent of its advances, which varies based on the collateral type, and is further adjusted by the outcome of the most recent annual collateral audit and by FHLB’s internal ranking of the Bank’s creditworthiness.\nThese advances are secured by a pool of mortgage loans and mortgage-backed securities.\nAt December 31, 2011 and 2010, the Company pledged loans with a lendable value of $5.0 billion and $5.6 billion, respectively, of the one- to four-family and home equity loans as collateral in support of both its advances and unused borrowing lines.\nDuring the year ended December 31, 2009, the Company paid down in advance of maturity $1.6 billion of its FHLB advances.\nThe Company recorded a loss on the early extinguishment of FHLB advances of $50.6 million for the year ended December 31, 2009.\nThis loss is recorded in the gains (losses) on early extinguishment of debt line item in the consolidated statement of income (loss).\nThe Company did not have any similar transactions for the years ended December 31, 2011 and 2010."}
{"_id": "d8d1fd3a8", "title": "", "text": "NOTE 10.\nINCOME TAXES We and the majority of our subsidiaries are currently exempt from United States corporate tax on income from the international operation of ships pursuant to Section 883 of the Internal Revenue Code.\nIncome tax expense related to our remaining subsidiaries was not significant for the years ended December 31, 2006, 2005 and 2004.\nFinal regulations under Section 883 were published on August 26, 2003, and were effective for the year ended December 31, 2005.\nThese regulations confirmed that we qualify for the exemption provided by Section 883, but also narrowed the scope of activities which are considered by the Internal Revenue Service to be incidental to the international operation of ships.\nThe activities listed in the regulations as not being incidental to the international operation of ships include income from the sale of air and other transportation such as transfers, shore excursions and pre and post cruise tours.\nTo the extent the income from such activities is earned from sources within the United States, such income will be subject to United States taxation.\nThe application of these new regulations reduced our net income for the years ended December 31, 2006 and December 31, 2005 by approximately $6.3 million and $14.0 million, respectively."}
{"_id": "d8d624954", "title": "", "text": "| Location Type Principal Use SquareFootage Ownership | Santa Clara, CA | Austin, TX | Rehovot, Israel | Singapore | Gloucester, MA | Tainan, Taiwan |"}
{"_id": "d8143a17c", "title": "", "text": "| Year Ended December 31, Variance 2011 vs. 2010 | 2011 | Total net revenue | Compensation and benefits | Professional services | Occupancy and equipment | Communications | Depreciation and amortization | Facility restructuring and | other exit activities | Other operating expenses | Total operating expense | Operating loss | Total other income (expense) | Corporate/other loss |"}
{"_id": "d8b7100cc", "title": "", "text": "Based on the analysis described above, for the reporting units for which we performed the first step of the quantitative impairment test, we concluded that our goodwill was not impaired as of October 1, 2015, because these reporting units passed the first step of the test as the fair values of each of the reporting units were substantially in excess of their respective net book values.\nWe review intangible assets with definite lives subject to amortization whenever events or circumstances indicate that a carrying amount of an asset may not be recoverable.\nRecoverability of these assets is determined by comparing the carrying value of these assets to the estimated undiscounted future cash flows expected to be generated by these assets.\nThese assets are impaired when their carrying value exceeds their fair value.\nImpaired intangible assets with definite lives subject to amortization are written down to their fair value with a charge to expense in the period the impairment is identified.\nIntangible assets with definite lives are amortized on a straight-line basis with estimated useful lives generally between 7 and 15 years.\nEvents or circumstances that might require impairment testing include the loss of a significant client, the identification of other impaired assets within a reporting unit, loss of key personnel, the disposition of a significant portion of a reporting unit, significant decline in stock price or a significant adverse change in business climate or regulations.\nPension and Postretirement Benefit Plans We use various actuarial assumptions in determining our net pension and postretirement benefit costs and obligations.\nManagement is required to make significant judgments about a number of actuarial assumptions, including discount rates and expected returns on plan assets, which are updated annually or more frequently with the occurrence of significant events.\nThe discount rate is a significant assumption that impacts our net pension and postretirement benefit costs and obligations.\nWe determine our discount rates for our domestic pension and postretirement benefit plans and significant foreign pension plans based on either a bond selection/settlement approach or bond yield curve approach.\nUsing the bond selection/settlement approach, we determine the discount rate by selecting a portfolio of corporate bonds appropriate to provide for the projected benefit payments.\nUsing the bond yield curve approach, we determine the discount rate by matching the plans’ cash flows to spot rates developed from a yield curve.\nBoth approaches utilize high-quality AA-rated corporate bonds and the plans’ projected cash flows to develop a discounted value of the benefit payments, which is then used to develop a single discount rate.\nIn countries where markets for high-quality long-term AA corporate bonds are not well developed, a portfolio of long-term government bonds is used as a basis to develop hypothetical corporate bond yields, which serve as a basis to derive the discount rate.\nThe discount rate used to calculate net pension and postretirement benefit costs is determined at the beginning of each year.\nFor the year ended December 31, 2015, discount rates of 4.15% for the domestic pension plan and 4.00% for the postretirement benefit plan and a weighted-average discount rate of 3.41% for the significant foreign pension plans were used to calculate 2015 net pension and postretirement benefit costs.\nA 25 basis point increase or decrease in the discount rate would have decreased or increased the 2015 net pension and postretirement benefit cost by approximately $1.0.\nNotes to Consolidated Financial Statements – (continued) (Amounts in Millions, Except Per Share Amounts) of previously unrecognized tax benefits as a result of the reversal of valuation allowances in Continental Europe and the settlement of the 2010 U. S.  federal income tax audit.\nIn 2014, our effective income tax rate of 30.0% was positively impacted from changes to our valuation allowances of $66.0.\nThe primary drivers of the net change were associated with a valuation allowance reversal of $124.8 in one jurisdiction partially offset by the establishment of a valuation allowance of $57.2 in another jurisdiction, both in Continental Europe.\nIn addition, our effective income tax rate was negatively impacted by losses in certain foreign jurisdictions where we receive no tax benefit due to 100% valuation allowances.\nIn 2013, our effective income tax rate of 38.7% was positively impacted by the recognition of previously unrecognized tax benefits as a result of the recognition of losses attributable to worthless securities in a consolidated subsidiary and the settlement of the 2002-2006 New York State audit cycle.\nOur effective income tax rate was negatively impacted primarily by losses in certain foreign jurisdictions where we receive no tax benefit due to 100% valuation allowances.\nThe components of deferred tax assets and liabilities are listed below."}
{"_id": "d8e2e8a1e", "title": "", "text": "| Years Ended | September 26, 2009 | Amount | Total Revenues | Operating Loss |"}
{"_id": "d8883c160", "title": "", "text": "| Years Ended December 31 2011 2010 2009 | AstraZeneca LP | Merck/Schering-Plough-1 | Other-2 | $610 |"}
{"_id": "d81537412", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | Gross reserves at beginning of period | Incurred related to: | Current year | Prior years | Total incurred losses | Paid related to: | Current year | Prior years | Total paid losses | Foreign exchange/translation adjustment | Change in reinsurance receivables on unpaid losses and LAE | Gross reserves at end of period | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8815523e", "title": "", "text": "Capital asset purchases associated with the Retail segment were $294 million in 2007, bringing the total capital asset purchases since inception of the Retail segment to $1.0 billion.\nAs of September 29, 2007, the Retail segment had approximately 7,900 employees and had outstanding operating lease commitments associated with retail store space and related facilities of $1.1 billion.\nThe Company would incur substantial costs if it were to close multiple retail stores.\nSuch costs could adversely affect the Company’s financial condition and operating results.\nOther Segments The Company’s Other Segments, which consists of its Asia Pacific and FileMaker operations, experienced an increase in net sales of $406 million, or 30% during 2007 compared to 2006.\nThis increase related primarily to a 58% increase in sales of Mac portable products and strong iPod sales in the Company’s Asia Pacific region.\nDuring 2006, net sales in Other Segments increased 35% compared to 2005 primarily due to an increase in sales of iPod and Mac portable products.\nStrong sales growth was a result of the introduction of the updated iPods featuring video-playing capabilities and the new Intel-based Mac portable products that translated to a 16% increase in Mac unit sales during 2006 compared to 2005."}
{"_id": "d8a5e5996", "title": "", "text": "Notes to consolidated financial statements 216 JPMorgan Chase & Co. /2012 Annual Report Determination of instrument-specific credit risk for items for which a fair value election was made The following describes how the gains and losses included in earnings during 2012, 2011 and 2010, which were attributable to changes in instrument-specific credit risk, were determined.  ?\nLoans and lending-related commitments: For floatingrate instruments, all changes in value are attributed to instrument-specific credit risk.\nFor fixed-rate instruments, an allocation of the changes in value for the period is made between those changes in value that are interest rate-related and changes in value that are credit-related.\nAllocations are generally based on an analysis of borrower-specific credit spread and recovery information, where available, or benchmarking to similar entities or industries.  ?\nLong-term debt: Changes in value attributable to instrument-specific credit risk were derived principally from observable changes in the Firms credit spread.  ?\nResale and repurchase agreements, securities borrowed agreements and securities lending agreements: Generally, for these types of agreements, there is a requirement that collateral be maintained with a market value equal to or in excess of the principal amount loaned; as a result, there would be no adjustment or an immaterial adjustment for instrument-specific credit risk related to these agreements."}
{"_id": "d8ccee88a", "title": "", "text": "| 2006 2005 2004 | Statutory U.S. income tax rate | Effects of foreign operations, including foreign tax credits | State and local income taxes net of federal income tax effects | Other tax effects | Effective income tax rate for continuing operations |"}
{"_id": "d8e5a96cc", "title": "", "text": "| Plan category Number of securities to be issued upon  exercise  of outstanding  options, warrants and rights  (a) Weighted- average exercise price of outstanding options, warrants andrights  (b) Number of securities  remaining available for  future issuance under equity compensation plans (excluding securities reflected in column (a))  (c) | Equity compensation plans approved by security holders: | Equity compensation plans not approved by security holders: | Total |"}
{"_id": "d8d44bef2", "title": "", "text": "| Pension Benefits | U.S. | Years Ended December 31 | Service cost | Interest cost | Expected return on plan assets | Amortization of unrecognized prior service cost | Net loss amortization | Termination benefits | Curtailments | Settlements | Net periodic benefit cost (credit) |"}
{"_id": "d8f1105f6", "title": "", "text": "The following table provides freight revenue by commodity group:"}
{"_id": "d81ca2d96", "title": "", "text": "| Year ended September 30, | 2017 | RJF return on average assets | RJF return on average equity | Average equity to average assets | Dividend payout ratio |"}
{"_id": "d86cf709e", "title": "", "text": "higher in the first half of the year, but declined during the second half of the year reflecting the passthrough to customers of lower resin input costs.\nHowever, average margins benefitted from a more favorable mix of products sold.\nRaw material costs were lower, primarily for resins.\nFreight costs were also favorable, while operating costs increased.\nShorewood sales volumes in 2009 declined from 2008 levels reflecting weaker demand in the home entertainment segment and a decrease in tobacco segment orders as customers have shifted production outside of the United States, partially offset by higher shipments in the consumer products segment.\nAverage sales margins improved reflecting a more favorable mix of products sold.\nRaw material costs were higher, but were partially offset by lower freight costs.\nOperating costs were favorable, reflecting benefits from business reorganization and cost reduction actions taken in 2008 and 2009.\nCharges to restructure operations totaled $7 million in 2009 and $30 million in 2008.\nEntering 2010, Coated Paperboard sales volumes are expected to increase, while average sales price realizations should be comparable to 2009 fourth-quarter levels.\nRaw material costs are expected to be significantly higher for wood, energy and chemicals, but planned maintenance downtime costs will decrease.\nFoodservice sales volumes are expected to remain about flat, but average sales price realizations should improve slightly.\nInput costs for resins should be higher, but will be partially offset by lower costs for bleached board.\nShorewood sales volumes are expected to decline reflecting seasonal decreases in home entertainment segment shipments.\nOperating costs are expected to be favorable reflecting the benefits of business reorganization efforts.\nEUROPEAN CONSUMER PACKAGING net sales in 2009 were $315 million compared with $300 million in 2008 and $280 million in 2007.\nOperating earnings in 2009 of $66 million increased from $22 million in 2008 and $30 million in 2007.\nSales volumes in 2009 were higher than in 2008 reflecting increased shipments to export markets.\nAverage sales margins declined due to increased shipments to lowermargin export markets and lower average sales prices in Western Europe.\nEntering 2010, sales volumes for the first quarter are expected to remain strong.\nAverage margins should improve reflecting increased sales price realizations and a more favorable geographic mix of products sold.\nInput costs are expected to be higher due to increased wood prices in Poland and annual energy tariff increases in Russia.\nASIAN CONSUMER PACKAGING net sales were $545 million in 2009 compared with $390 million in 2008 and $330 million in 2007.\nOperating earnings in 2009 were $24 million compared with a loss of $13 million in 2008 and earnings of $12 million in 2007.\nThe improved operating earnings in 2009 reflect increased sales volumes, higher average sales margins and lower input costs, primarily for chemicals.\nThe loss in 2008 was primarily due to a $12 million charge to revalue pulp inventories at our Shandong International Paper and Sun Coated Paperboard Co. , Ltd.  joint venture and start-up costs associated with the joint ventures new folding box board paper machine.\nDistribution xpedx, our distribution business, markets a diverse array of products and supply chain services to customers in many business segments.\nCustomer demand is generally sensitive to changes in general economic conditions, although the commercial printing segment is also dependent on consumer advertising and promotional spending.\nDistributions margins are relatively stable across an economic cycle.\nProviding customers with the best choice and value in both products and supply chain services is a key competitive factor.\nAdditionally, efficient customer service, cost-effective logistics and focused working capital management are key factors in this segments profitability."}
{"_id": "d8aff4fc2", "title": "", "text": "| Years Ended December 31, | 2012 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Income from continuing operations before income tax provision | Income tax provision | Income from continuing operations | Loss from discontinued operations, net of tax | Net income | Less: Net loss attributable to noncontrolling interests | Net income attributable to Ameriprise Financial | Pretax Increase (Decrease) | (in millions) | Other revenues | Benefits, claims, losses and settlement expenses | Amortization of DAC | Interest credited to fixed accounts | Total expenses | Total-1 |"}
{"_id": "d86df4e2e", "title": "", "text": "| Years Ended December 31 2005 2004 2003 | Mobile Devices | Government and Enterprise Mobility Solutions | Networks | Connected Home Solutions | $359 | Net Sales | Years Ended December 31 | Mobile Devices | Government and Enterprise Mobility Solutions | Networks | Connected Home Solutions | 37,149 | Other and Eliminations | $36,843 | Operating earnings | Total other income | Earnings from continuing operations before income taxes |"}
{"_id": "d8166161c", "title": "", "text": "| Year Ended December | $ in millions | Equity securities | Debt securities and loans | Total net revenues | Operating expenses | Pre-taxearnings |"}
{"_id": "d88d0ba38", "title": "", "text": "| Coal Nuclear Natural Gas/Oil Renewables(a) | 2015 | 2014 | 2013 |"}
{"_id": "d8e2f5390", "title": "", "text": "| 2016 2015 2014 | Income from continuing operations | Income from discontinued operations | Net Income | Weighted-average common shares outstanding (for basic calculation) | Effect of dilutive share-based employee compensation | Weighted-average common and dilutive potential common shares outstanding (for diluted calculation) | Basic EPS from continuing operations | Basic EPS from discontinued operations | Basic EPS | Diluted EPS from continuing operations | Diluted EPS from discontinued operations | Diluted EPS | Unexercised employee stock options and stock appreciation rights (in millions) excluded from the diluted EPS computation(a) |"}
{"_id": "d8a8fcdc8", "title": "", "text": "| 2005 2004 | Amortized Cost | (in thousands) | U.S. Government obligations | Tax exempt municipal securities | Corporate and other securities | Mortgage-backed securities | Redeemable preferred stocks | Debt securities | Non-redeemable preferred stocks | Investment securities | In millions | Sales | Operating Profit |"}
{"_id": "d8d2ea612", "title": "", "text": "| (Thousands of barrels per day) 2009 2008 2007 | Gasoline | Distillates | Propane | Feedstocks and special products | Heavy fuel oil | Asphalt | TOTAL | Average sales price (Dollars per barrel) |"}
{"_id": "d8eda6546", "title": "", "text": "| Year Ended December 31, | 2010 | (In thousands) | Employee: | Stock options | Restricted stock and performanceshares | 8,316 | Non-employee directors: | Stock options | Restricted stock | 653 | Total stock-based compensation |"}
{"_id": "d8c504d5e", "title": "", "text": "| Year Ended December 31, | 2010 | % of Net | (in millions) | Selling, general and administrative expenses | Research and development expenses | Royalty expense |"}
{"_id": "d882f9fae", "title": "", "text": "| Year Ended December 31, 2015 | (in millions) | Unaffiliated Revenues | Intersegment Revenues | Total Revenues | Interest Expense | Depreciation and amortization | Equity in (losses) earnings of unconsolidated affiliates | Income tax expense (benefit) | Segment income (loss)(a)(b)(c) | Add back noncontrolling interest component | Income from discontinued operations, net of tax(d) | Net income | Capital investments expenditures and acquisitions(e) | Segment assets(f) |"}
{"_id": "d8a149b76", "title": "", "text": "| Year Ended December 31, | (in millions) | Service charges and fees | Card fees | Capital markets fees | Trust and investment services fees | Mortgage banking fees | Letter of credit and loan fees | Foreign exchange and interest rate products | Securities gains, net | Other income-1 | Noninterest income-2 |"}
{"_id": "d8157dae8", "title": "", "text": "| Weighted AverageUseful Life (years) | Purchased technology | Customer contracts and relationships | Trademarks | Acquired rights to use technology | Backlog | Other intangibles |"}
{"_id": "d8b9db23e", "title": "", "text": "| American US Airways Wholly-owned Regional Carriers Total | Pilots | Flight attendants | Maintenance personnel | Fleet service personnel | Passenger service personnel | Administrative and other | Total | Year Ended December 31, | 2016 | (In millions, except share and per share data) | Consolidated Statements of Operations data: | Total operating revenues | Total operating expenses | Operating income | Reorganization items, net-1 | Net income (loss) | Earnings (loss) per common share:(2) | Basic | Diluted | Shares used for computation (in thousands):(2) | Basic | Diluted | Cash dividends declared per common share | Consolidated Balance Sheet data (at end of period): | Total assets | Long-term debt and capital leases, net of current maturities | Pension and postretirement benefits-3 | Liabilities subject to compromise | Stockholders’ equity (deficit) |"}
{"_id": "d8ce0719a", "title": "", "text": "| December 31, 2010 Percentage of Total December 31, 2009 Percentage of Total | (dollars in thousands) | IBNR | Reported claims in process | Other benefits payable | Benefits payable, excluding military services | Military services benefits payable | Total benefits payable |"}
{"_id": "d8e7cc878", "title": "", "text": "| Years Ended December 31 2010 2009 2008 | Interest income | Interest expense | Exchange losses (gains) | Other, net | $1,304 |"}
{"_id": "d8ca0fea2", "title": "", "text": "Table 26 presents average, high and low daily VAR for 2005 and 2004.\nTable 26 Trading Activities Market Risk\n(1) The high and low for the total portfolio may not equal the sum of the individual components as the highs or lows of the individual portfolios may have occurred on different trading days.\n(2) Credit includes credit fixed income and CDS used for credit risk management.\nAverage VAR for CDS was $69.0 million and $23.5 million in 2005 and 2004.\nIn 2005, the Credit VAR was less than VAR for CDS used for credit risk management as the positions in credit fixed income typically offset the risk of CDS.\nThe relationship between overall Credit VAR and the VAR for CDS can change over time as a result of changes in the relative sizes of the credit fixed income and CDS exposures.\n(3) Real estate/mortgage includes capital market real estate and the Certificates.\nEffective June 1, 2004, Real estate/mortgage no longer includes the Certificates.\nFor additional information on the Certificates, see Note 1 of the Consolidated Financial Statements.\n(4) Total market-based trading portfolio excludes CDS used for credit risk management, net of the effect of diversification.\nThe increase in average VAR of the trading portfolio for 2005 was primarily due to increases in the average risk taken in credit due to an increase in credit protection purchased to hedge the credit risk in our commercial loan portfolio.\nStress Testing Because the very nature of a VAR model suggests results can exceed our estimates, we stress test our portfolio.\nStress testing estimates the value change in our trading portfolio due to abnormal market movements.\nVarious stress scenarios are run regularly against the trading portfolio to verify that, even under extreme market moves, we will preserve our capital; to determine the effects of significant historical events; and to determine the effects of specific, extreme hypothetical, but plausible events.\nThe results of the stress scenarios are calculated daily and reported to senior management as part of the regular reporting process.\nThe results of certain specific, extreme hypothetical scenarios are presented to the Asset and Liability Committee.\nInterest Rate Risk Management Interest rate risk represents the most significant market risk exposure to our nontrading financial instruments.\nOur overall goal is to manage interest rate risk so that movements in interest rates do not adversely affect Net Interest Income.\nInterest rate risk is measured as the potential volatility in our Net Interest Income caused by changes in market interest rates.\nClient facing activities, primarily lending and deposit-taking, create interest rate sensitive positions on our balance sheet.\nInterest rate risk from these activities as well as the impact of changing market conditions is managed through the ALM process.\nSensitivity simulations are used to estimate the impact on Net Interest Income of numerous interest rate scenarios, balance sheet trends and strategies.\nThese simulations estimate levels of short-term financial instruments, debt securities, loans, deposits, borrowings and derivative instruments.\nIn addition, these simulations incorporate assumptions about balance sheet dynamics such as loan and deposit growth and pricing, changes in funding mix, and asset and liability repricing and maturity characteristics.\nIn addition to Net Interest Income sensitivity simulations, market value sensitivity measures are also utilized.\nThe Balance Sheet Management group maintains a Net Interest Income forecast utilizing different rate scenarios, with the base case utilizing the forward market curve.\nThe Balance Sheet Management group constantly updates the Net Interest Income forecast for changing assumptions and differing outlooks based on economic trends and market conditions.\nThus, we continually monitor our balance sheet position in an effort to maintain an acceptable level of exposure to volatile interest rate changes."}
{"_id": "d8ab5b81c", "title": "", "text": "These payments were made in May 2014.\nThe LPSC, City Council, and APSC have filed protests."}
{"_id": "d8df72a88", "title": "", "text": "acquiSitionS oF BuSineSSeS 2011, 2010 and 2009 No significant acquisitions occurred in 2011, 2010 or 2009.2008 and 2007 On April 1, 2008, the Company acquired 100% of the outstanding limited liability company interests of Technical Concepts Holdings, LLC (\nTechnical Concepts\") for $452.7 million, which includes transaction costs and the repayment of Technical Concepts’ outstanding debt obligations at closing.\nTechnical Concepts provides touch-free and automated restroom hygiene systems in the away-from-home washroom category.\nThe Technical Concepts acquisition gives the Company’s Rubbermaid Commercial Products business an entry into the away-from-home washroom market and fits within the Company’s strategy of leveraging its existing sales and marketing capabilities across additional product categories.\nIn addition, with approximately 40% of its sales outside the U. S. , Technical Concepts increased the global footprint of the Company’s Rubbermaid Commercial Products business.\nThe acquisition of Technical Concepts was accounted for using the purchase method of accounting.\nOn April 1, 2008, the Company acquired substantially all of the assets of Aprica Childcare Institute Aprica Kassai, Inc.  (\nAprica\"), a maker of strollers, car seats and other children’s products, headquartered in Osaka, Japan.\nThe Company acquired Aprica’s assets for $145.7 million, which includes transaction costs and the repayment of Aprica’s outstanding debt obligations at closing.\nAprica is a Japanese brand of premium strollers, car seats and other related juvenile products.\nThe acquisition provides the opportunity for the Company’s Baby & Parenting business to broaden its presence worldwide, including expanding the scope of Aprica’s sales outside Asia.\nThe acquisition of Aprica was accounted for using the purchase method of accounting.\nOn July 1, 2007, the Company acquired all of the outstanding equity interests of PSI Systems, Inc.  (\nEndicia\"), provider of Endicia Internet Postage, for $51.2 million plus related acquisition costs and contingent payments of up to $25.0 million based on future revenues.\nThe Company has incurred $10.0 million, $1.5 million and $10.0 million in 2011, 2010 and 2009, respectively, of the contingent payments based on Endicia’s revenues.\nThis acquisition was accounted for using the purchase method of accounting."}
{"_id": "d81521004", "title": "", "text": "| Year Ended December 31, | (in millions) | Beginning Balance | Additions based on positions related to the current year | Additions based on positions related to prior years | Reductions for tax positions of prior years | Settlements with taxing authorities | Statute of limitation expirations | Ending Balance |"}
{"_id": "d8923b08a", "title": "", "text": "| Revenue Mix Summary Year Ended Comparable Store Sales Summary -1 Year Ended | March 1, 2008 | Consumer electronics | Home office | Entertainment software | Appliances | Services-2 | Other-3 | Total |"}
{"_id": "d8de48eaa", "title": "", "text": "UNITED DOMINION REALTY, L. P.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - (Continued) DECEMBER 31, 2017 F - 61 liabilities at the dates of the financial statements and the amounts of revenues and expenses during the reporting periods.\nActual amounts realized or paid could differ from those estimates.\nMarket Concentration Risk The Operating Partnership is subject to increased exposure from economic and other competitive factors specific to those markets where it holds a significant percentage of the carrying value of its real estate portfolio at December 31, 2017, the Operating Partnership held greater than 10% of the carrying value of its real estate portfolio in each of the San Francisco, California; Orange County, California; Metropolitan D. C.  and New York, New York markets.3.\nREAL ESTATE OWNED Real estate assets owned by the Operating Partnership consist of income producing operating properties, properties under development, land held for future development, and sold or held for disposition properties.\nAt December 31, 2017, the Operating Partnership owned and consolidated 53 communities in nine states plus the District of Columbia totaling 16,698 apartment homes.\nThe following table summarizes the carrying amounts for our real estate owned (at cost) as of December 31, 2017 and 2016 (dollars in thousands):"}
{"_id": "d8db949d4", "title": "", "text": "| Year ended December 31 Change | Dollars in millions | Noninterest expense | Personnel | Occupancy | Equipment | Marketing | Other | Total noninterest expense |"}
{"_id": "d8833bf80", "title": "", "text": "| December 31, | 2008 | (in millions) | Fixed maturity securities, available-for-sale | Fixed maturity securities, trading | Equity securities, trading | Cash and other assets | Total assets pledged as collateral | Long-term debt and other obligations |"}
{"_id": "d89ba81ae", "title": "", "text": "Notes to the Consolidated Financial Statements The Credit Agreement provides that loans will bear interest at rates based, at the Companys option, on one of two specified base rates plus a margin based on certain formulas defined in the Credit Agreement.\nAdditionally, the Credit Agreement contains a commitment fee on the amount of unused commitment under the Credit Agreement ranging from 0.125% to 0.625% per annum.\nThe applicable interest rate and the commitment fee will vary depending on the ratings established by Standard & Poors Financial Services LLC and Moodys Investor Service Inc.  for the Companys non-credit enhanced, longterm, senior, unsecured debt.\nThe Credit Agreement contains usual and customary restrictive covenants for facilities of its type, which include, with specified exceptions, limitations on the Companys ability to create liens or other encumbrances, to enter into sale and leaseback transactions and to enter into consolidations, mergers or transfers of all or substantially all of its assets.\nThe Credit Agreement also requires the Company to maintain a ratio of total indebtedness to total capitalization, as defined in the Credit Agreement, of sixty percent or less.\nThe Credit Agreement contains customary events of default that would permit the lenders to accelerate the repayment of any loans, including the failure to make timely payments when due under the Credit Agreement or other material indebtedness, the failure to satisfy covenants contained in the Credit Agreement, a change in control of the Company and specified events of bankruptcy and insolvency.\nThere were no amounts outstanding under the Credit Agreement at December 31, 2010.\nOn November 12, 2010, PPG completed a public offering of $250 million in aggregate principal amount of its 1.900% Notes due 2016 (the 2016 Notes), $500 million in aggregate principal amount of its 3.600% Notes due 2020 (the 2020 Notes) and $250 million in aggregate principal amount of its 5.500% Notes due 2040 (the 2040 Notes).\nThese notes were issued pursuant to an indenture dated as of March 18, 2008 (the Original Indenture) between the Company and The Bank of New York Mellon Trust Company, N. A. , as trustee (the Trustee), as supplemented by a first supplemental indenture dated as of March 18, 2008 between the Company and the Trustee (the First Supplemental Indenture) and a second supplemental indenture dated as of November 12, 2010 between the Company and the Trustee (the Second Supplemental Indenture and, together with the Original Indenture and the First Supplemental Indenture, the Indenture).\nThe Company may issue additional debt from time to time pursuant to the Original Indenture.\nThe Indenture governing these notes contains covenants that limit the Companys ability to, among other things, incur certain liens securing indebtedness, engage in certain sale-leaseback transactions, and enter into certain consolidations, mergers, conveyances, transfers or leases of all or substantially all the Companys assets.\nThe terms of these notes also require the Company to make an offer to repurchase Notes upon a Change of Control Triggering Event (as defined in the Second Supplemental Indenture) at a price equal to 101% of their principal amount plus accrued and unpaid interest.\nCash proceeds from this notes offering was $983 million (net of discount and issuance costs).\nThe discount and issuance costs related to these notes, which totaled $17 million, will be amortized to interest expense over the respective terms of the notes.\nPPGs non-U.\nS.  operations have uncommitted lines of credit totaling $791 million of which $31 million was used as of December 31, 2010.\nThese uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees.\nShort-term debt outstanding as of December 31, 2010 and 2009, was as follows:"}
{"_id": "d8eddb458", "title": "", "text": "| Dec. 31, 2008 | Level 1 | (Thousands of Dollars) | Assets | Cash equivalents | Nuclear decommissioning fund | Cash equivalents | Debt securities | Equity securities | Commodity derivatives | Total | Liabilities | Commodity derivatives | Interest rate derivatives | Total |"}
{"_id": "d8e98cc12", "title": "", "text": "In addition, not reflected in the table above, the Company has created a trust that is a VIE, to facilitate Prudential Insurances Funding Agreement Notes Issuance Program (FANIP).\nThe trust issues medium-term notes secured by funding agreements issued to the trust by Prudential Insurance with the proceeds of such notes.\nThe trust is the beneficiary of an indemnity agreement with the Company that provides that the Company is responsible for costs related to the notes issued with limited exception.\nAs a result, the Company has determined that it is the primary beneficiary of the trust, which is therefore consolidated.\nThe funding agreements represent an intercompany transaction that is eliminated upon consolidation.\nHowever, in recognition of the security interest in such funding agreements, the trusts medium-term note liability of $4,927 million and $7,130 million at December 31, 2009 and 2008, respectively, is classified within Policyholders account balances.\n Creditors of the trust have recourse to Prudential Insurance if the trust fails to make contractual payments on the medium-term notes.\nThe Company has not provided material financial or other support that was not contractually required to the trust."}
{"_id": "d8c9e1e94", "title": "", "text": "| In billions 2017 | January 1 | Issuances | Calls and maturities | Other | December 31 |"}
{"_id": "d81392eae", "title": "", "text": "| At December 31, 2015 As Reported 2014 As Reported | (in millions) | Liability for unpaid losses and loss adjustment expenses(a) | Future policy benefits for life and accident and health insurance contracts | Reserve for unearned premiums | Reinsurance assets(b) |"}
{"_id": "d8bdb7434", "title": "", "text": "| AMOUNT RECLASSIFIED OUT OF AOCI | AOCI COMPONENTS | Unrealized (gains) and losses onderivative contracts: | Truck, Parts and Other | Foreign-exchange contracts | Cost of sales and revenues | Interest and other expense, net | Financial Services | Interest-rate contracts | Pre-tax expense increase (reduction) | Tax (benefit) expense | After-tax expense increase (reduction) | Unrealized (gains) and losses onmarketable debt securities: | Marketable debt securities | Tax expense | After-tax income increase | Pension plans: | Truck, Parts and Other | Actuarial loss | Selling, general and administrative | 24.6 | Prior service costs | Selling, general and administrative | 1.2 | Financial Services | Actuarial loss | Pre-tax expense increase | Tax benefit | After-tax expense increase | Total reclassifications out of AOCI |"}
{"_id": "d8f5bea8a", "title": "", "text": "LEASES, OTHER COMMITMENTS, AND CONTINGENCIES Our leases are generally for warehouse space and equipment.\nRent expense under all operating leases from continuing operations was $184.9 million in fiscal 2019, $189.4 million in fiscal 2018, and $188.1 million in fiscal 2017.\nSome operating leases require payment of property taxes, insurance, and maintenance costs in addition to the rent payments.\nContingent and escalation rent in excess of minimum rent payments and sublease income netted in rent expense were insignificant.\nNoncancelable future lease commitments are:"}
{"_id": "d893a23a6", "title": "", "text": "Volume 2012 compared to 2011 Our overall volume increased in 2012 compared with 2011, largely due to continued solid growth in retail e-commerce and strong customer demand for our lightweight products.\nBusiness-to-consumer shipments, which represent slightly over 40% of total U. S.  Domestic Package volume, grew rapidly and drove growth in both air and ground shipments; however, businessto-business volume remained relatively flat in 2012 compared with 2011.\nThis can be attributed to multiple trends that have prevailed over the past few years, including the migration of traditional retail to online retail, the lack of growth in small and medium-size enterprises and reduced business investments attributed to policy uncertainty.\nAmong our air products, Next Day Air letter and package volume both experienced solid increases in 2012, with particular growth in our Next Day Air Saver products.\nThe higher volume for our deferred air products, which increased 5.7% for the year, was primarily due to healthy demand for our residential package services.\nThe overall growth in our air products was driven primarily by business-to-consumer shipments from e-commerce retailers, while our business-to-business air volume declined slightly.\nThe increase in ground volume in 2012 was driven by our lightweight service offerings, including SurePost, which target low-cost, non-urgent residential deliveries.\nVolume for these lightweight products grew significantly, and accounted for approximately 40% of the total increase in ground shipments.\nOutside of these lightweight service offerings, volume for our traditional ground residential services also experienced an increase in 2012.\nOverall ground volume growth continues to be driven by business-to-consumer shipping activity from e-commerce retailers, while our business-to-business ground volume was flat in 2012 compared with 2011.2011 compared to 2010 Our overall volume increased slightly in 2011 compared with 2010, and was largely impacted by the slowing U. S.  economy during the first three quarters of the year.\nBusiness-to-consumer shipments, which represented approximately 40% of total U. S.  Domestic Package volume, experienced stronger growth than business-to-business volume.\nVolume growth accelerated in the fourth quarter, with average daily volume increasing 3.8% over the fourth quarter of 2010.\nAmong our air products, we experienced a 4.8% increase in Next Day and Second Day air package volume, as a result of retail sales growth, with particular growth in our Next Day Air Saver product.\nAir letter volume declined, largely due to weakness in the financial and other service industries.\nWithin ground, our lightweight products experienced robust growth during 2011.\nDuring the fourth quarter of 2011, volume growth accelerated to 12.3% and 3.5% in our deferred and ground products, respectively, compared with the fourth quarter of 2010.\nThese increases were primarily driven by higher business-toconsumer shipment activity during the holiday season.\nRates and Product Mix 2012 compared to 2011 Overall revenue per piece increased 0.8% in 2012 compared with 2011, and was impacted by changes in base rates, product mix and fuel surcharge rates, as discussed below."}
{"_id": "d87549332", "title": "", "text": "| United States 12 monthsended June 30,-1 International 12 monthsended June 30,-1 Visa Inc. 12 monthsended June 30,-1 | 2016 | (in billions, except percentages) | Nominal payments volume | Consumer credit | Consumer debit-3 | Commercial-4 | Total nominal payments volume-5 | Cash volume | Total nominal volume-5,(6) |"}
{"_id": "d8e727de6", "title": "", "text": "In February 2013, Group Inc.  and GS Bank USA entered into a settlement with the Federal Reserve Board relating to the servicing of residential mortgage loans and foreclosure processing.\nThis settlement amends the Order which is described above, provides for the termination of the independent foreclosure review under the Order and calls for Group Inc.  and GS Bank USA collectively to: (i) make cash payments into a settlement fund for distribution to eligible borrowers; and (ii) provide other assistance for foreclosure prevention and loss mitigation through January 2015.\nThe other provisions of the Order will remain in effect.\nGuarantees The firm enters into various derivatives that meet the definition of a guarantee under U. S.  GAAP, including written equity and commodity put options, written currency contracts and interest rate caps, floors and swaptions.\nDisclosures about derivatives are not required if they may be cash settled and the firm has no basis to conclude it is probable that the counterparties held the underlying instruments at inception of the contract.\nThe firm has concluded that these conditions have been met for certain large, internationally active commercial and investment bank counterparties, central clearing counterparties and certain other counterparties.\nAccordingly, the firm has not included such contracts in the table below."}
{"_id": "d835c7272", "title": "", "text": "| As of December 31 2015 2014 | 5.00% Senior Notes due September 2020 | 4.75% Senior Notes due 2045 | 3.50% Senior Notes due June 2024 | 4.60% Senior Notes due June 2044 | 2.875% Senior Notes due May 2026 (EUR 500M) | 8.205% Junior Subordinated Notes due January 2027 | 3.125% Senior Notes due May 2016 | 2.80% Senior Notes due 2021 | 4.00% Senior Notes due November 2023 | 6.25% Senior Notes due September 2040 | 4.76% Senior Notes due March 2018 (CAD 375M) | 4.45% Senior Notes due May 2043 | 4.25% Senior Notes due December 2042 | 3.50% Senior Notes due September 2015 | Commercial paper | Other | Total debt | Less short-term and current portion of long-term debt | Total long-term debt |"}
{"_id": "d887d2dfa", "title": "", "text": "TUI Cruises TUI Cruises is designed to serve the contemporary and premium segments of the German cruise market by offering a product tailored for German guests.\nAll onboard activities, services, shore excursions and menu offerings are designed to suit the preferences of this target market.\nTUI Cruises operates two ships, Mein Schiff 1 and Mein Schiff 2, with an aggregate capacity of approximately 3,800 berths.\nIn addition, TUI Cruises has two ships on order, each with a capacity of 2,500 berths, scheduled for delivery in the second quarter of 2014 and second quarter of 2015.\nTUI Cruises is a joint venture owned 50% by us and 50% by TUI AG, a German tourism and shipping company that also owns 51% of TUI Travel, a British tourism company."}
{"_id": "d88ad96fc", "title": "", "text": "| December 31, 2014 | AmortizedCost | Available for sale: | Investment-grade unsecured bonds | Investment funds - US treasuries | Common stock and stock funds | Held to maturity: | Mortgage backed securities | Total - Marketable securities | Other investments | Total - Marketable securities and other investments |"}
{"_id": "d8eed091c", "title": "", "text": "The primary factor contributing to the decrease in our gross profit margin during 2011, as compared to 2010, was the negative impact of lower sales of Neurovascular products and at significantly lower gross profit margins as result of the divestiture of our Neurovascular business.\nIn addition, we recognized transition-related inventory charges of $54 million in 2011, primarily related to PROMUS? excess inventory and purchase commitments as a result of our fourth quarter 2011 launch of our internally-developed and self-manufactured next-generation PROMUS? Element? stent system in the U. S.  The decreases in 2011 were partially offset by the positive impact of a $50 million credit to cost of products sold recognized in the first quarter of 2011, related to a two-year retroactive pricing adjustment pursuant to our PROMUS? supply arrangement with Abbott for historical purchases of PROMUS? stent systems.\nDeclines in average selling prices of our products, particularly our drug-eluting stent systems, were offset by the positive impact of product mix related to sales of our drug-eluting stent systems, as we began shifting sales to our internally-developed and manufactured stent systems with more favorable gross profit margins during 2011.\nIn addition, our gross profit margin in 2010 was negatively impacted by the ship hold and product removal actions associated with our U. S.  CRM business.\nWe are subject to a final retroactive pricing adjustment pursuant to our PROMUS? supply arrangement with Abbott for historical purchases of PROMUS? stent systems.\nWe may record a one-time benefit or charge to our gross profit in the future as a result of this adjustment process."}
{"_id": "d8a216464", "title": "", "text": "Fiscal 2004 Acquisitions In February 2004, the Company completed the acquisition of all the outstanding shares of Accelerant Networks, Inc.  (Accelerant) for total consideration of $23.8 million, and the acquisition of the technology assets of Analog Design Automation, Inc.  (ADA) for total consideration of $12.2 million.\nThe Company acquired Accelerant in order to enhance the Companys standards-based IP solutions.\nThe Company acquired the assets of ADA in order to enhance the Companys analog and mixed signal offerings.\nIn October 2004, the Company completed the acquisition of Cascade Semiconductor Solutions, Inc.  (Cascade) for total upfront consideration of $15.8 million and contingent consideration of up to $10.0 million to be paid upon the achievement of certain performance milestones over the three years following the acquisition.\nContingent consideration totaling $2.1 million was paid during the fourth quarter of fiscal 2005 and has been allocated to goodwill.\nThe Company acquired Cascade, an IP provider, in order to augment Synopsys offerings of PCI Express products.\nIncluded in the total consideration for the Accelerant and Cascade acquisitions are aggregate acquisition costs of $4.3 million, consisting primarily of legal and accounting fees and other directly related charges.\nAs of October 31, 2006 the Company has paid substantially all the costs related to these acquisitions.\nIn fiscal 2004, the Company completed one additional acquisition and two additional asset acquisition transactions for aggregate consideration of $12.3 million in upfront payments and acquisition-related costs.\nIn process research and development expenses associated with these acquisitions totaled $1.6 million for fiscal 2004.\nThese acquisitions are not considered material, individually or in the aggregate, to the Companys consolidated balance sheet and results of operations.\nAs of October 31, 2006, the Company has paid substantially all the costs related to these acquisitions.\nThe Company allocated the total aggregate purchase consideration for these transactions to the assets and liabilities acquired, including identifiable intangible assets, based on their respective fair values at the acquisition dates, resulting in aggregate goodwill of $24.5 million.\nAggregate identifiable intangible assets as a result of these acquisitions, consisting primarily of purchased technology and other intangibles, are $44.8 million, and are being amortized over three to five years.\nThe Company includes the amortization of purchased technology in cost of revenue in its statements of operations."}
{"_id": "d8b4591b2", "title": "", "text": "| Assumptions Year Ended December 31, 2013 | Weighted-average grant date fair value | Weighted-average volatility-1 | Weighted-average risk-free rate-2 | Dividend yield | Expected term (in years)(3) |"}
{"_id": "d8e06a210", "title": "", "text": "The Company is exposed to credit-related losses if counterparties to financial instruments fail to perform their obligations.\nHowever, the Company does not expect any counterparties, which presently have high credit ratings, to fail to meet their obligations.\nForeign exchange financial instruments that are subject to the effects of currency fluctuations, which may affect reported earnings include derivative financial instruments and other financial instruments, which are not denominated in the currency of the legal entity holding the instrument.\nDerivative financial instruments consist primarily of forward contracts.\nOther financial instruments, which are not denominated in the currency of the legal entity holding the instrument, consist primarily of cash, short-term investments, long-term finance receivables, equity investments, and notes as well as accounts payable and receivable.\nAccounts payable and receivable are reflected at fair value in the financial statements.\nThe fair value of the remainder of the foreign exchange financial instruments would hypothetically decrease by $303 million as of December 31, 2004 if the U. S.  dollar were to appreciate against all other currencies by 10% of current levels.\nThis hypothetical amount is suggestive of the effect on future cash flows under the following conditions: (i) all current payables and receivables that are hedged were not realized, (ii) all hedged commitments and anticipated transactions were not realized or canceled, and (iii) hedges of these amounts were not canceled or offset.\nThe Company does not expect that any of these conditions will be"}
{"_id": "d87dc66ae", "title": "", "text": "| 2017 2016 2015 2014 | -$166,137 |"}
{"_id": "d8e49363e", "title": "", "text": "| December 31, | (Millions of Dollars) | Long-Term Debt (including current portion) | Con Edison | CECONY |"}
{"_id": "d883f9378", "title": "", "text": "| 2018 2017 2016 | Other comprehensive earnings (loss), tax effect: | Tax benefit (expense) on unrealized holding gains | Tax (expense) benefit on cash flow hedging activities | Tax benefit (expense) on unrecognized pension and postretirement amounts | Reclassifications to earnings, tax effect: | Tax expense (benefit) on cash flow hedging activities | Tax benefit on amortization of unrecognized pension and postretirement amounts reclassified to the consolidated statements ofoperations | Total tax effect on other comprehensive earnings (loss) |"}
{"_id": "d8e9d792e", "title": "", "text": "| Year Ended December 31, | 2017-4 | (In millions, except per share amounts) | Consolidated Statement of Income Data:-1 | Net revenues | Gross profit | Income from operations | Income from continuing operations before income taxes | Income (loss) from continuing operations | Income (loss) per share from continuing operations: | Basic | Diluted | Weighted average shares: | Basic | Diluted |"}
{"_id": "d8b7a8d18", "title": "", "text": "| Years Ended December 31, 2014/2013 2013/2012 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d89e5442a", "title": "", "text": "The total cost for awards outstanding as of December 31, 2006 under the 2002 Plan, the AIG DCPPP, the AIG Partners Plan, and the SICO Plans is expected to be recognized over approximately 4 years, 11 years, 6 years and 23 years, respectively.15.\nEmployee Bene?ts (a) Pension Plans: Employees of AlG,its subsidiaries andcertain affiliated companies，including employees in foreigncountries,are generally covered under various funded, unfundedand insured pension plans.\nEligibility for participation in the various plans is based on either completion of a specified periodof continuous service or date of hire, subject to age limit at ions.\nSome AlG subsidiaries provide retirement benefits through definedbenefit plans, others employ defined contribution plans and someuse both.\nAIG's u. s.  retirement plan is a qualified，noncontributorydefined benefit plan which is subject to the provisions of ERISA.\nAll employees of AlG and most of its subsidiaries and affiliateswho are regularly employed in the United States,including certainU.\ns.  citizens employed abroad on a U. S.  dollar payroll，and whohave attained age 21 and completed twelve months of continuousservice are eligible to participate in this plan.\nAn employee with 5or more years of plan participation is entitled to pension benefitsbeginning at normal retirement at age 65.\nBenefits are basedupon a percentage of average final compensation multiplied byyears of credited service limited to 44 years of credited service.\nThe average final compensation is subject to certain limitations.\nEmployees may elect certain options with respect to receipt oftheir pension benefits including a joint and survivor annuity.\nAnemployee with 10 or more years of plan participation may retireearly from age 55 to 64.\nAn early retirement factor is appliedresulting in a reduced benefit.\nIf an employee terminates with lessthan five years of continuous service,the employee forfeits theright to receive any pension benefits accumulated to that time.\nAnnual funding requirements are determined based on the \"projected unit credit\" cost method, which attributes a pro rata portion of the total projected bene?t payable at normal retirement to each year of credited service.\nThe HSB Group Inc.  (HSB) retirement plan was merged into the AIG U. S.  retirement plan effective April 1, 2001.\nBene?ts for HSB participants were changed effective January 1, 2005 to be substantially similar to the AIG U. S.  retirement plan bene?ts subject to a grandfathering agreement.21st Century sponsors its own bene?t plans for its eligible employees.\nAssets, obligations and costs with respect to 21st Century’s plans are included herein.\nThe assumptions used in its plans were not signi?cantly different from those used by AIG in AIG’s U. S.  plans.\nThe AIG Excess Retirement Income Plan provides a bene?t equal to the reduction in bene?ts payable under the AIG U. S.  retirement plan as a result of federal tax limitations on compensa-tion and bene?ts payable thereunder.\nAIG has adopted a Supple-mental Executive Retirement Plan (Supplemental Plan) to provide additional retirement bene?ts to designated executives.\nUnder the Supplemental Plan, an annual bene?t accrues at a percentage of ?nal average pay multiplied by each year of credited service, not greater than 60 percent of ?nal average pay, reduced by any bene?ts from the current and any predecessor retirement plans (including the AIG Excess Retirement Income Plan and any comparable plans), Social Security, if any, and from any quali?ed pension plan of prior employers.\nCurrently, each of these plans is unfunded.\nAGC and HSB have adopted similar supplemental type plans.\nThese plans are also unfunded.\nWhere non-U.\nS.  retirement plans are defined benefit plans,they are generally either based on the employees\" years ofcredited service and compensation in the years preceding retire-ment, or on points accumulated based on the employee's jobgrade and other factors during each year of service.\nAIG is in the process of spinning off the assets and liabilitiesin the AIG U. s.  retirement plan attributable to employees of Starrand The Starr Foundation.\nThe accumulated benefit obligation ofthe employees in these two entities was computed as of December 31，2005.\nAt December 31,2005, the AlG U. s.  retirement plan was funded at an amount slightly greaterthan the accumulated benefit obligation.\nIn the first quarter of2007,AlG will transfer assets of approximately $32 million，whichis the equivalent of the present value of the December 31,2005accumulated benefit (adjusted for interest and benefit paymentsthrough the transfer date) attributable to the employees in thoseentities.\nConsistent with this arrangement, the amounts shown inthe financial statements and footnote exclude liabilities and assets for employees of Starr."}
{"_id": "d89dc26d8", "title": "", "text": "| Year Ended December 31 % Change in | $ in millions | Sales | Operating income | Operating margin rate |"}
{"_id": "d8b47790a", "title": "", "text": "Net cash flows provided by operating activities of $704.4 million for 2016 increased $154.7 million from 2015 due primarily to (1) improved operating performance and (2) lower supplier payments in 2016 compared to 2015, partially offset by (1) the impact of excess tax benefits from stock plans, primarily due to our increased stock price, and (2) an increase in accounts receivable due to increased sales, primarily in the United States.\nNet cash flows provided by operating activities of $549.7 million for 2015 decreased $472.6 million from 2014 due primarily to (1) the $750.0 million upfront payment received from Medtronic under a litigation settlement agreement, and (2) a higher bonus payout in 2015 associated with 2014 performance.\nThese decreases were partially offset by (1) income tax payments of $224.5 million made in 2014 related to the Medtronic settlement, (2) improved operating performance in 2015, and (3) the $50.0 million charitable contribution made in 2014 to the Edwards Lifesciences Foundation."}
{"_id": "d875f1e60", "title": "", "text": "Acquisition-related charges increased in fiscal 2008 compared with fiscal 2007 primarily due to the amortization of Digital Insight purchased intangible assets, which we acquired in February 2007.\nFiscal 2007 Compared with Fiscal 2006.\nIndividually and in the aggregate, operating expenses as a percentage of total net revenue were generally consistent in fiscal 2007 compared with fiscal 2006.\nTotal operating expenses in dollars increased about $206 million in fiscal 2007, approximately $60 million of which was due to our February 2007 acquisition of Digital Insight.\nIncluding Digital Insight, approximately 42% of the fiscal 2007 increase in total operating expenses in dollars was due to higher research and development expenses.\nDuring fiscal 2007 we continued to invest in research and development for existing offerings as well as for new offerings.\nApproximately 41% of the fiscal 2007 increase in total operating expenses in dollars was due to higher selling and marketing expenses that included increases in radio, television and online advertising expenses for our Consumer Tax and QuickBooks offerings as well as additional investments in direct marketing and product management.\nAcquisition-related charges increased in fiscal 2007 compared with fiscal 2006 due to the amortization of Digital Insight purchased intangible assets, which we acquired in February 2007.\nSegment Operating Income (Loss) Segment operating income or loss is segment net revenue less segment cost of revenue and operating expenses.\nSegment expenses do not include certain costs, such as corporate selling and marketing, product development, and general and administrative expenses and share-based compensation expenses, which are not allocated to specific segments.\nThese unallocated costs totaled $561.4 million in fiscal 2008, $506.2 million in fiscal 2007 and $465.2 million in fiscal 2006.\nUnallocated costs increased approximately $55 million in fiscal 2008 compared with fiscal 2007.\nThis increase was due to $37 million in higher share-based compensation expenses and approximately $27 million in higher expenses for shared product development and marketing functions, partially offset by a decline in corporate general and administrative expenses.\nSegment expenses also do not include amortization of purchased intangible assets, acquisition-related charges, and impairment of goodwill and purchased intangible assets.\nIn addition, segment expenses do not include interest expense, interest and other income, and realized net gains or losses on marketable equity securities and other investments.\nSee Note 8 to the financial statements in Item 8 for reconciliations of total segment operating income to income from continuing operations for each fiscal year presented."}
{"_id": "d86fbf9ca", "title": "", "text": "| Payments Due By Period(a) | ($ in millions) | Long-term debt | Capital lease obligations | Interest payments on long-term debt(b) | Operating leases | Purchase obligations(c) | Common stock repurchase agreements | Legal settlement | Total payments on contractual obligations |"}
{"_id": "d86d78c8e", "title": "", "text": "PRINCIPAL TRANSACTIONS Citis Principal transactions revenue consists of realized and unrealized gains and losses from trading activities.\nTrading activities include revenues from fixed income, equities, credit and commodities products and foreign exchange transactions that are managed on a portfolio basis characterized by primary risk.\nNot included in the table below is the impact of net interest revenue related to trading activities, which is an integral part of trading activities profitability.\nFor additional information regarding Principal transactions revenue, see Note?4 to the Consolidated Financial Statements for information about net interest revenue related to trading activities.\nPrincipal transactions include CVA (credit valuation adjustments on derivatives) and FVA (funding valuation adjustments) on over-the-counter derivatives.\nThese adjustments are discussed further in Note 24 to the Consolidated Financial Statements.\nThe following table presents Principal transactions revenue:"}
{"_id": "d87821884", "title": "", "text": "| 2004 2003 | Deferred tax assets | Employee benefit plans | Dealer and customer allowances and claims | Tax credit carryforwards | Other foreign deferred tax assets | Allowance for credit losses | All other | Total deferred tax assets | Deferred tax liabilities | Leasing transactions | Depreciation and amortization (excluding leasing transactions) | Finance receivables | All other | Total deferred tax liabilities | Net deferred tax assets/(liabilities) |"}
{"_id": "d8b6dd9ec", "title": "", "text": "CORPORATE AND OTHER Certain corporate and other charges are reported as a separate line item within total segment operating income and include corporate office expenses, as well as shared service center and certain other centrally managed expenses that are not fully allocated to operating divisions.\nSalaries and related expenses include salaries, long-term incentives, annual bonuses and other miscellaneous benefits for corporate office employees.\nOffice and general expenses primarily include professional fees related to internal control compliance, financial statement audits and legal, information technology and other consulting services that are engaged and managed through the corporate office.\nIn addition, office and general expenses also include rental expense and depreciation of leasehold improvements for properties occupied by corporate office employees.\nA portion of centrally managed expenses are allocated to operating divisions based on a formula that uses the planned revenues of each of the operating units.\nAmounts allocated also include specific charges for information technology-related projects, which are allocated based on utilization.\nCorporate and other expenses increased during 2014 by $8.7 to $149.5 compared to 2013, primarily due to higher incentive awards expense resulting from improved financial performance and higher employee insurance costs due to increased claims and regulatory changes, partially offset by lower occupancy costs.\nManagements Discussion and Analysis of Financial Condition and Results of Operations  (continued) (Amounts in Millions, Except Per Share Amounts) Corporate and other expenses increased slightly during 2013 by $3.5 to $140.8 compared to 2012, primarily due to an increase in salaries and related expenses, mainly attributable to higher base salaries, benefits and temporary help, partially offset by lower severance expenses and a decrease in office and general expenses."}
{"_id": "d87ee55ee", "title": "", "text": "| As of December | $ in millions | Collateral available to be delivered or repledged1 | Collateral that was delivered or repledged |"}
{"_id": "d8771f1c0", "title": "", "text": "| Year Ended April 30, 2010 2009 | Balance, beginning of the year | Amounts deferred for new guarantees issued | Revenue recognized on previous deferrals | Balance, end of the year | Year Ended April 30, 2009 | Net cash provided by (used in) operating activities: | Cash flows from investing: | Mortgage loans held for investment, net | Purchases of property & equipment | Payments for business acquisitions | Net intercompany advances | Investing cash flows of discontinued operations | Other, net | Net cash provided by (used in) investing activities | Cash flows from financing: | Repayments of short-term borrowings | Proceeds from short-term borrowings | Customer banking deposits, net | Dividends paid | Acquisition of treasury shares | Proceeds from issuance of common stock | Proceeds from stock options | Net intercompany advances | Financing cash flows of discontinued operations | Other, net | Net cash provided by (used in) financing activities | Net increase in cash | Cash – beginning of the year | Cash – end of the year |"}
{"_id": "d8ddb696a", "title": "", "text": "| Years Ended December 31, 2012/2011 2011/2010 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d87310660", "title": "", "text": "LIQUIDITY AND CAPITAL RESOURCES As of December 31, 2010, our principal sources of liquidity included cash, cash equivalents, our receivables securitization facility, and our revolving credit facility, as well as the availability of commercial paper and other sources of financing through the capital markets (such as the remaining authority under our shelf registration).\nWe had $1.9 billion of committed credit available under our credit facility, with no borrowings outstanding as of December 31, 2010.\nWe did not make any borrowings under this facility during 2010.\nThe value of the outstanding undivided interest held by investors under the receivables securitization facility was $100 million as of December 31, 2010, and is included in our Consolidated Statements of Financial Position as debt due after one year.\nThe receivables securitization facility is subject to certain requirements, including maintenance of an investment grade bond rating.\nIf our bond rating were to deteriorate, it could have an adverse impact on our liquidity.\nAccess to commercial paper as well as other capital market financings is dependent on market conditions.\nDeterioration of our operating results or financial condition due to internal or external factors could negatively impact our ability to access capital markets as a source of liquidity.\nAccess to liquidity through the capital markets is also dependent on our financial stability.\nWe expect that we will continue to have access to liquidity by issuing bonds to public or private investors based on our assessment of the current condition of the credit markets.\nAt December 31, 2010 and 2009, we had a working capital surplus, which in 2010 continues to be the result of our decision in 2009 to maintain additional cash reserves to enhance liquidity in response to"}
{"_id": "d8364bc66", "title": "", "text": "| Year Ended December 31 | 2018 | (Dollars in millions, except per share data) | INCOME—CONSOLIDATED | Net income (GAAP) | Preferred dividends (GAAP) | Net income available to common shareholders (GAAP) | Income (loss) from discontinued operations, net of tax | Net income from continuing operations available to common shareholders (GAAP) | ADJUSTED EFFICIENCY AND FEE INCOME RATIOS—CONTINUING OPERATIONS | Non-interest expense (GAAP) | Adjustments: | Contribution to Regions Financial Corporation foundation | Professional, legal and regulatory expenses-2(3) | Branch consolidation, property and equipment charges | Expenses associated with residential mortgage loan sale | Gain on sale of TDRs held for sale, net | Loss on early extinguishment of debt | Salary and employee benefits—severance charges | Adjusted non-interest expense (non-GAAP) | Net interest income and other financing income (GAAP) | Reduction in leveraged lease interest income resulting from tax reform | Adjusted net interest income and other financing income (non-GAAP) | Net interest income and other financing income (GAAP) | Taxable-equivalent adjustment | Net interest income and other financing income, taxable-equivalent basis - continuing operations | Reduction in leveraged lease interest income resulting from Tax Reform | Adjusted net interest income and other financing income, taxable equivalent basis (non-GAAP) | Net interest margin (GAAP)(4) | Reduction in leveraged lease interest income resulting from Tax Reform | Adjusted net interest margin (non-GAAP) | Non-interest income (GAAP) | Adjustments: | Securities (gains) losses, net | Insurance proceeds-5 | Leveraged lease termination gains | Gain on sale of affordable housing residential mortgage loans-6 | Adjusted non-interest income (non-GAAP) | Total revenue | Adjusted total revenue (non-GAAP) | Total revenue, taxable-equivalent basis | Adjusted total revenue, taxable-equivalent basis (non-GAAP) | Efficiency ratio (GAAP) | Adjusted efficiency ratio (non-GAAP) | Fee income ratio (GAAP) | Adjusted fee income ratio (non-GAAP) |"}
{"_id": "d81f93334", "title": "", "text": "| As of and for the Year Ended December 31, | (dollars in millions) | Gross Charge-offs: | Commercial | Commercial real estate | Leases | Total commercial | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others-2 | Home equity lines of credit serviced by others-2 | Automobile | Student | Credit cards | Other retail | Total retail | Total gross charge-offs | Gross Recoveries: | Commercial | Commercial real estate | Leases | Total commercial | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others-2 | Home equity lines of credit serviced by others-2 | Automobile | Student | Credit cards | Other retail | Total retail | Total gross recoveries | Net (Charge-offs)/Recoveries: | Commercial | Commercial real estate | Leases | Total commercial | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others-2 | Home equity lines of credit serviced by others-2 | Automobile | Student | Credit cards | Other retail | Total retail | Total net (charge-offs)/recoveries | Ratio of net charge-offs to average loans and leases |"}
{"_id": "d8d6f4442", "title": "", "text": "| Gain (loss) in income | Year ended December 31, | Location | (in millions) | Natural gas derivatives | Foreign exchange contracts | Unrealized gains (losses) recognized in income | Realized (losses) gains | Net derivative gains (losses) |"}
{"_id": "d8776314a", "title": "", "text": "Cash Equivalents.\nWe consider all highly-liquid investments with an original maturity of three months or less to be cash equivalents.\nTrade Accounts Receivable and Allowance for Doubtful Accounts. ?\n?Accounts receivable are stated at cost.\nSignificant payment terms for customers are identified in the contract.\nWe do not recognize interest income on our trade accounts receivable.\nAdditionally, we generally do not require collateral from our customers related to our trade accounts receivable.\nThe allowance for doubtful accounts for estimated losses on trade accounts receivable is based on historical write-off experience, an analysis of the aging of outstanding receivables, customer payment patterns and the establishment of specific reserves for customers in an adverse financial condition.\nWe reassess the adequacy of the allowance for doubtful accounts each reporting period.\nIncreases to the allowance for doubtful accounts are recorded as bad debt expense, which are included in selling, general and administrative expenses on the accompanying Consolidated Statements of Income.\nBad debt expense was $5.6 million, $5.0 million and $2.2 million during the twelve months ended December 31, 2018, 2017, and 2016, respectively."}
{"_id": "d8e41abd0", "title": "", "text": "| Payments Due by Period | Total | Debt-1 | Interest on debt-2 | Operating lease obligations-3 | Purchase obligations-4 | Total contractual obligations-5 |"}
{"_id": "d8d43dab4", "title": "", "text": "| December 31, 2005 | Cost or | Amortized | Cost | (In millions) | U.S. corporate securities | Residential mortgage-backed securities | Foreign corporate securities | U.S. Treasury/agency securities | Commercial mortgage-backed securities | Asset-backed securities | Foreign government securities | State and political subdivision securities | Other fixed maturity securities | Total fixed maturity securities | Common stock | Non-redeemable preferred stock | Total equity securities |"}
{"_id": "d8e7860f8", "title": "", "text": "We allocated $2.7 million to purchased technology and $0.4 million to in-process research and development.\nThe amount allocated to purchased technology represented the fair market value of the technology for each of the existing products, as of the date of the acquisition.\nThe purchased technology was assigned a useful life of three years and is being amortized to cost of product revenue.\nThe amount allocated to in-process research and development was expensed at the time of acquisition due to the state of the development of certain products and the uncertainty of the technology.\nThe remaining purchase price was allocated to goodwill and was assigned to our ePaper segment (which was renamed Intelligent Documents beginning in fiscal 2004).\nIn accordance with SFAS No.142,"}
{"_id": "d8943f372", "title": "", "text": "| 2011 2010 | In millions | January 1 | Reserve adjustments, net | Losses – loan repurchases and settlements | December 31 |"}
{"_id": "d8c37cd38", "title": "", "text": "| (In millions) Level 1 Level 2 Level 3 Total | Cash and cash equivalents | Short-term investment funds | Government and agency securities | Equity securities | Debt instruments | Commingled funds | Insurance contracts | Limited partnerships and hedge fund investments | Total |"}
{"_id": "d85173926", "title": "", "text": "On March 8, 2006, the last reported closing price of our common stock on the NASDAQ National Market was $12.59.\nHolders There were approximately 114 holders of record of our common stock as of March 8, 2006.  Dividend Policy We have not declared or paid any cash dividends on our capital stock since our inception.\nWe intend to retain future earnings to finance the operation and expansion of our business and do not anticipate paying any cash dividends in the foreseeable future.\nIn the event we decide to declare dividends on our common stock in the future, such declaration will be subject to the discretion of our Board of Directors.\nOur Board may take into account such matters as general business conditions, our financial results, capital requirements, contractual, legal, and regulatory restrictions on the payment of dividends by us to our stockholders or by our subsidiaries to us and any such other factors as our Board may deem relevant.\nUse of Proceeds On November 4, 2004, the registration statement relating to our initial public offering (No.333-112718) was declared effective.\nWe received net proceeds from the sale of the shares of our common stock in the offering of $53.9 million, at an initial public offering price of $11.00 per share, after deducting underwriting discounts and commissions and estimated offering expenses.\nExcept for salaries, and reimbursements for travel expenses and other out-of -pocket costs incurred in the ordinary course of business, none of the proceeds from the offering have been paid by us, directly or indirectly, to any of our directors or officers or any of their associates, or to any persons owning ten percent or more of our outstanding stock or to any of our affiliates.\nWe have invested the proceeds from the offering in cash and cash equivalents and short-term marketable securities."}
{"_id": "d8e3619b4", "title": "", "text": "The net liability recorded in our Consolidated Balance Sheet related to unrecognized tax benefits was $48 million as of December 31, 2010, and $132 million as of December 31, 2009, which includes interest of $27 million and $22 million respectively, net of payments made in advance of settlements.\nThe net liability recorded for tax positions across all jurisdictions that, if sustained, would affect our effective tax rate was $98 million as of December 31, 2010, and $96 million as of December 31, 2009, which includes interest of $27 million and $22 million, respectively.\nIn accordance with our accounting policy, we accrue interest and penalties related to unrecognized tax benefits as a component of income tax expense.\nAs of December 31, 2010, our 2007 federal income tax audit is complete.\nOur 2008 and 2009 federal income tax audit has not yet begun.\nWe are also undergoing examination in various state and foreign jurisdictions for the 2005 - 2009 tax years.\nWe expect that the outcome of any examination will not have a material effect on our consolidated financial statements; however, audit outcomes and the timing of audit settlements are subject to significant uncertainty.\nIn the next 12 months, we estimate a decrease of up to $3 million in unrecognized tax benefits on several individually insignificant tax positions due to the lapse of applicable statutes of limitation in multiple jurisdictions.\nunique chemical composition.\nExamples of mineral rights include oil, gas, coal (even if mined at the surface) and precious metals.\nIf the two types of rights conflict, then mineral rights are generally superior to surface rights.\nA third type of land right is geothermal, which can belong to either the surface or mineral owner.\nWe routinely reserve mineral and geothermal rights when selling surface timberlands acreage."}
{"_id": "d89cb9a7a", "title": "", "text": "Other Non-Operating Income (Expense), Net 2018 vs.  2017 Other non-operating income (expense), net of $5.1 decreased $11.5.\nDuring the fourth quarter of fiscal year 2018, we recognized a pension settlement loss of $43.7 ($33.2 after-tax, or $.15 per share) that primarily resulted from the transfer of certain pension payment obligations to an insurer for our U. S.  salaried and hourly plans through the purchase of an irrevocable, nonparticipating group annuity contract with plan assets.\nFor additional information, refer to Note 16, Retirement Benefits, to the consolidated financial statements.\nThis loss was partially offset by higher interest income on cash and cash items and short-term investments and lower other non-service pension expense.\nThe prior year pension expense included a settlement loss of $10.5 ($6.6 after-tax, or $.03 per share) associated with the U. S.  Supplementary Pension Plan and a settlement benefit of $2.3 related to the disposition of EMD and PMD."}
{"_id": "d8ddd9262", "title": "", "text": "| December 31, 2015 – Dollarsin millions Carrying Value Stated Rate Maturity | FHLB (a) | Bank notes and senior debt | Bank notes | Senior debt | Total bank notes and senior debt | Subordinated debt | Junior | Other | Total subordinated debt |"}
{"_id": "d86d9ff82", "title": "", "text": "| Amortized   Cost Gross   Unrealized   Gains Gross Unrealized Losses Estimated   Fair   Value | (In thousands) | As of December 31, 2009 | U.S. government obligations | Municipal securities | Corporate bonds | Total securitiesavailable-for-sale | As of December 31, 2008 | Municipal securities | Corporate bonds | Total securitiesavailable-for-sale |"}
{"_id": "d87fdd5a0", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | Service cost | Interest cost on accumulated other postretirement benefit obligation | Expected return on plan assets | Recognition of net actuarial loss | Recognition of prior service cost | TOTAL PERIODIC POSTRETIREMENT BENEFIT COST | Cost capitalized | Reconciliation to rate level | Cost charged to operating expenses | Con Edison | (Millions of Dollars) | CHANGE IN BENEFIT OBLIGATION | Benefit obligation at beginning of year | Service cost | Interest cost on accumulated postretirement benefit obligation | Amendments | Net actuarial loss/(gain) | Benefits paid and administrative expenses | Participant contributions | BENEFIT OBLIGATION AT END OF YEAR | CHANGE IN PLAN ASSETS | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contributions | EGWP payments | Participant contributions | Benefits paid | FAIR VALUE OF PLAN ASSETS AT END OF YEAR | FUNDED STATUS | Unrecognized net loss/(gain) | Unrecognized prior service costs |"}
{"_id": "d87914098", "title": "", "text": "Note O  Derivative Instruments and Hedging Activities Under the accounting rules for derivatives and hedging, derivatives are recognized on the balance sheet at fair value, unless an exception is available under the accounting rules.\nCertain qualifying derivative contracts have been designated as normal purchases or normal sales contracts.\nThese contracts are not reported at fair value under the accounting rules.\nEnergy Price Hedging Con Edisons subsidiaries hedge market price fluctuations associated with physical purchases and sales of electricity, natural gas, and steam by using derivative instruments including futures, forwards, basis swaps, options, transmission congestion contracts and financial transmission rights contracts.\nThe fair values of these hedges at December 31, 2012 and 2011 were as follows:"}
{"_id": "d89fc2dd4", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements approximately 700,000 life insurance policies with net retained face amount in force of approximately $141 billion.\nThe Company acquired the general account business through a coinsurance arrangement and, for certain types of general account policies, a modified coinsurance arrangement.\nThe Company acquired the separate account business through a modified coinsurance arrangement.\nIn December 2017, Hartford Financial announced a definitive agreement to sell a group of operating subsidiaries, which includes two of the Company’s counterparties to these reinsurance arrangements.\nThe sale occurred in May 2018 and there was no impact to the terms, rights or obligations of the Company, or operation of these reinsurance arrangements, as a result of this change in control of such counterparties.\nSince 2011, the Company has entered into several reinsurance agreements to assume pension liabilities in the United Kingdom.\nUnder these arrangements, the Company assumes the longevity risk associated with the pension benefits of certain specified beneficiaries.\nIn 2006, the Company acquired the variable annuity business of The Allstate Corporation (“Allstate”) through a reinsurance transaction.\nThe reinsurance arrangements with Allstate include a coinsurance arrangement associated with the general account liabilities assumed and a modified coinsurance arrangement associated with the separate account liabilities assumed.\nThe reinsurance payable, which represents the Company’s obligation under the modified coinsurance arrangement, is netted with the reinsurance receivable in the Consolidated Statements of Financial Position.\nIn 2004, the Company acquired the retirement business of CIGNA and subsequently entered into various reinsurance arrangements.\nThe Company still has indemnity coinsurance and modified coinsurance without assumption arrangements in effect related to this acquisition.\nFor the domestic business, life and disability reinsurance is accomplished through various plans of reinsurance, primarily yearly renewable term, per person excess, excess of loss, and coinsurance.\nOn policies sold since 2000, the Company has reinsured a significant portion of the individual life mortality risk.\nPlacement of reinsurance is accomplished primarily on an automatic basis with some specific risks reinsured on a facultative basis.\nThe Company is authorized and has historically retained up to $30 million per life, but reduced its operating retention limit to $20 million per life in 2013.\nRetention in excess of the operating limit is on an exception basis.\nThe international business primarily uses reinsurance to obtain experience with respect to certain new product offerings and to a lesser extent, to mitigate mortality risk for certain protection products and for capital management purposes.\nReinsurance amounts included in the Consolidated Statements of Operations for premiums, policy charges and fee income, and policyholders’ benefits for the years ended December 31, are as follows:"}
{"_id": "d89348b94", "title": "", "text": "| Years ended December 31, | 2006 | Salaries and related expenses | Professional fees | Rent, depreciation and amortization | Corporate insurance | Other | Expenses allocated to operating divisions | Total |"}
{"_id": "d89c036c6", "title": "", "text": "During the fixed rate interest period from May 3, 2007 through May 14, 2017, interest will be at the annual rate of 6.6%, payable semi-annually in arrears on November 15 and May 15 of each year, commencing on November 15, 2007, subject to Holdings’ right to defer interest on one or more occasions for up to ten consecutive years.\nDuring the floating rate interest period from May 15, 2017 through maturity, interest will be based on the 3 month LIBOR plus 238.5 basis points, reset quarterly, payable quarterly in arrears on February 15, May 15, August 15 and November 15 of each year, subject to Holdings’ right to defer interest on one or more occasions for up to ten consecutive years.\nDeferred interest will accumulate interest at the applicable rate compounded semi-annually for periods prior to May 15, 2017, and compounded quarterly for periods from and including May 15, 2017.\nHoldings can redeem the long term subordinated notes prior to May 15, 2017, in whole but not in part at the applicable redemption price, which will equal the greater of (a) 100% of the principal amount being redeemed and (b) the present value of the principal payment on May 15, 2017 and scheduled payments of interest that would have accrued from the redemption date to May 15, 2017 on the long term subordinated notes being redeemed, discounted to the redemption date on a semi-annual basis at a discount rate equal to the treasury rate plus an applicable spread of either 0.25% or 0.50%, in each case plus accrued and unpaid interest.\nHoldings may redeem the long term subordinated notes on or after May 15, 2017, in whole or in part at 100% of the principal amount plus accrued and unpaid interest; however, redemption on or after the scheduled maturity date and prior to May 1, 2047 is subject to a replacement capital covenant.\nThis covenant is for the benefit of certain senior note holders and it mandates that Holdings receive proceeds from the sale of another subordinated debt issue, of at least similar size, before it may redeem the subordinated notes.\nEffective upon the maturity of the Company’s 5.40% senior notes on October 15, 2014, the Company’s 4.868% senior notes, due on June 1, 2044, have become the Company’s long term indebtedness that ranks senior to the long term subordinated notes.\nOn March 19, 2009, Group announced the commencement of a cash tender offer for any and all of the 6.60% fixed to floating rate long term subordinated notes.\nUpon expiration of the tender offer, the Company had reduced its outstanding debt by $161,441 thousand.\nInterest expense incurred in connection with these long term subordinated notes is as follows for the periods indicated:"}
{"_id": "d8afe3f24", "title": "", "text": "Net Loan Charge-Offs as a Percentage of Average Total Loans"}
{"_id": "d8b45928e", "title": "", "text": "| Years Ended December 31, | (dollars and shares in millions, except per share amounts) | Statement of Operations Data: | Net sales | Cost of sales | Gross profit | Selling and administrative expenses | Advertising expense | Income from operations | Interest expense, net | Net loss on extinguishments of long-term debt | Gain on remeasurement of equity investment | Other income (expense), net | Income before income taxes | Income tax expense | Net income | Net income per common share: | Basic | Diluted | Cash dividends declared per common share | Balance Sheet Data (at period end): | Cash and cash equivalents | Working capital | Total assets | Total debt and capitalized lease obligations-1(2) | Total stockholders’ equity (deficit) | Other Financial Data: | Capital expenditures | Gross profit as a percentage of net sales | EBITDA-3 | Adjusted EBITDA-3 | Non-GAAP net income-4 | Statement of Cash Flows Data: | Net cash provided by (used in): | Operating activities | Investing activities | Financing activities |"}
{"_id": "d8f4c3cde", "title": "", "text": "FIVE-YEAR STOCK PERFORMANCE The following table and graph compare the five-year cumulative total return for JPMorgan Chase & Co.  (JPMorgan Chase or the Firm) common stock with the cumulative return of the S&P 500 Index, the KBW Bank Index and the S&P Financial Index.\nThe S&P 500 Index is a commonly referenced United States of America (U.\nS. ) equity benchmark consisting of leading companies from different economic sectors.\nThe KBW Bank Index seeks to reflect the performance of banks and thrifts that are publicly traded in the U. S.  and is composed of 24 leading national money center and regional banks and thrifts.\nThe S&P Financial Index is an index of 87 financial companies, all of which are components of the S&P 500.\nThe Firm is a component of all three industry indices.\nThe following table and graph assume simultaneous investments of $100 on December 31, 2010, in JPMorgan Chase common stock and in each of the above indices.\nThe comparison assumes that all dividends are reinvested."}
{"_id": "d8126cf70", "title": "", "text": "Investments Prior to our acquisition of Keystone on October 12, 2007, we held common shares of Keystone, which were classified as an available-for-sale investment security.\nAccordingly, the investment was included in other assets at its fair value, with the unrealized gain excluded from earnings and included in accumulated other comprehensive income, net of applicable taxes.\nUpon our acquisition of Keystone on October 12, 2007, the unrealized gain was removed from accumulated other comprehensive income, net of applicable taxes, and the original cost of the common shares was considered a component of the purchase price."}
{"_id": "d89d4797e", "title": "", "text": "RECENT ACCOUNTING PRONOUNCEMENTS In December 2007, the FASB issued SFAS 141(R), \n\"Business Combinations.\n\" This statement will require all businesses acquired to be measured at the fair value of the consideration paid as opposed to the cost-based provisions of SFAS 141.\nIt will require an entity to recognize the assets acquired, the liabilities assumed, and any noncontrolling interest in the acquiree at the acquisition date, measured at their fair values as of that date.\nSFAS 141(R) requires the value of consideration paid including any future contingent consideration to be measured at fair value at the closing date of the transaction.\nAlso, restructuring costs and acquisition costs are to be expensed rather than included in the cost of the acquisition.\nThis guidance is effective for all acquisitions with closing dates after January 1, 2009.\nIn December 2007, the FASB issued SFAS 160, \n\"Accounting and Reporting of Noncontrolling Interests in Consolidated Financial Statements, an amendment of ARB No.51.\n\" This statement amends ARB No.51 to establish accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary.\nIt clarifies that a noncontrolling interest should be reported as equity in the consolidated financial statements.\nThis statement requires expanded disclosures that identify and distinguish between the interests of the parent’s owners and the interests of the noncontrolling owners of an entity.\nThis guidance is effective January 1, 2009.\nWe are currently analyzing the standard but do not expect the adoption to have a material impact on our consolidated financial statements.\nIn November 2007, the SEC issued Staff Accounting Bulletin (“SAB”) No.109, that provides guidance regarding measuring the fair value of recorded written loan commitments.\nThe guidance indicates that the expected future cash flows related to servicing should be included in the fair value measurement of all written loan commitments that are accounted for at fair value through earnings.\nSAB 109 is effective January 1, 2008, prospectively to loan commitments issued or modified after that date.\nThe adoption of this guidance is not expected to have a material effect on our results of operations or financial position.\nIn June 2007, the AICPA issued Statement of Position 07-1, \n\"Clarification of the Scope of the Audit and Accounting Guide “Investment Companies” and Accounting by Parent Companies and Equity Method Investors for Investments in Investment Companies” (\"SOP 07-1\").\nThis statement provides guidance for determining whether an entity is within the scope of the AICPA Audit and Accounting Guide Investment Companies (\"Guide\") and whether the specialized industry accounting principles of the Guide should be retained in the financial statements of a parent company of an investment company or an equity method investor in an"}
{"_id": "d8b19f05c", "title": "", "text": "| (in millions) 2010 2009 | Cash performance bonds | Cash guaranty fund contributions | Cross-margin arrangements | Performance collateral for delivery | Total |"}
{"_id": "d8c5faf24", "title": "", "text": "Fair Values of Level 3 Assets and Liabilities Financial assets and liabilities whose values are based on prices or valuation techniques that require inputs that are both unobservable and are significant to the overall fair value measurement are classified as Level 3 under the fair value hierarchy established in SFAS 157.\nThe Level 3 financial assets and liabilities include private equity investments, consumer MSRs, ABS, highly structured, complex or long-dated derivative contracts and certain CDOs, for which there is not an active market for identical assets from which to determine fair value or where sufficient, current market information about similar assets to use as observable, corroborated data for all significant inputs into a valuation model is not available.\nIn these cases, the fair values of these Level 3 financial assets and liabilities are determined using pricing models, discounted cash flow methodologies, a net asset value approach for certain structured securities, or similar techniques, for which the determination of fair value requires significant management judgment or estimation.\nValuations of products using models or other techniques are sensitive to assumptions used for the significant inputs.\nWhere market data is available, the inputs used for valuation reflect that information as of our valuation date.\nInputs to valuation models are considered unobservable if they are supported by little or no market activity.\nIn periods of extreme volatility, lessened liquidity or in illiquid markets, there may be more variability in market pricing or a lack of market data to use in the valuation process.\nAn illiquid market is one in which little or no observable activity has occurred or one that lacks willing buyers or willing sellers.\nFair value adjustments include adjustments for counterparties credit risk as well as our own credit risk and liquidity as appropriate, to determine a fair value measurement.\nJudgment is then applied in formulating those inputs.\nOur valuation risk, however, is mitigated through valuation adjustments for particular inputs, performance of stress testing of those inputs to understand the impact that varying assumptions may have on the valuation and other review processes performed to ensure appropriate valuation.\nFor example, at December 31, 2008, classified within Level 3 are $2.4 billion of AFS debt securities, $887 million of trading account assets and $934 million of net derivative assets associated with our CDO exposure.\nSubstantially all of these AFS debt securities were acquired as a result of our liquidity obligations to certain CDOs.\nFor more information regarding our CDO exposure, the types of assets underlying these exposures (e. g. , percentage of subprime assets and vintages) and related valuation techniques see our CDO exposure discussion on page 41."}
{"_id": "d89bd4844", "title": "", "text": "| Year ended December 31  Dollars in millions 2009 2008 | Net interest income | Net interest margin |"}
{"_id": "d8b1f12da", "title": "", "text": "Liquidity Monitoring and Measurement Stress Testing Liquidity stress testing is performed for each of Citis major entities, operating subsidiaries and/or countries.\nStress testing and scenario analyses are intended to quantify the potential impact of an adverse liquidity event on the balance sheet and liquidity position, and to identify viable funding alternatives that can be utilized.\nThese scenarios include assumptions about significant changes in key funding sources, market triggers (such as credit ratings), potential uses of funding and geopolitical and macroeconomic conditions.\nThese conditions include expected and stressed market conditions as well as Company-specific events.\nLiquidity stress tests are conducted to ascertain potential mismatches between liquidity sources and uses over a variety of time horizons and over different stressed conditions.\nLiquidity limits are set accordingly.\nTo monitor the liquidity of an entity, these stress tests and potential mismatches are calculated with varying frequencies, with several tests performed daily.\nGiven the range of potential stresses, Citi maintains contingency funding plans on a consolidated basis and for individual entities.\nThese plans specify a wide range of readily available actions for a variety of adverse market conditions or idiosyncratic stresses."}
{"_id": "d86c3bdbc", "title": "", "text": "Hologic, Inc.  Notes to Consolidated Financial Statements (continued) (In thousands, except per share data) The acquisition also provided for a one-year earn out of EUR 1,700 (approximately $2,000 USD) which was payable in cash if AEG calendar year 2006 earnings, as defined, exceeded a pre-determined amount.\nAEG’s 2006 earnings did not exceed such pre-determined amounts and no payment was made.\nThe components and allocation of the purchase price, consists of the following approximate amounts:"}
{"_id": "d8a103540", "title": "", "text": "| Years Ended December 31, % Change | 2003 | (Dollars in thousands) | Client investment fees | Deposit service charges | Corporate finance fees | Letter of credit and foreign exchange income | Income from client warrants | Credit card fees | Investment losses | Other | Total noninterest income |"}
{"_id": "d89cb9b42", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | 2016 | Attritional | Catastrophes | Total segment | 2015 | Attritional | Catastrophes | Total segment | 2014 | Attritional | Catastrophes | Total segment | Variance 2016/2015 | Attritional | Catastrophes | Total segment | Variance 2015/2014 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8f5d5b18", "title": "", "text": "Risk reporting Nonstatistical risk measures, VaR, loss advisories and limit excesses are reported daily to the lines of business and to senior management.\nMarket risk exposure trends, VaR trends, profit-and-loss changes and portfolio concentrations are reported weekly.\nStresstest results are also reported weekly to the lines of business and to senior management."}
{"_id": "d8b1ea336", "title": "", "text": "Net cash used in financing activities decreased $165 million in 2016 versus 2015, primarily due to higher proceeds from debt, partially offset by higher dividends paid.\nNet cash used in financing activities increased $119 million in 2015 versus 2014, primarily due to higher dividends paid and an increase in purchases of treasury stock in 2015, partially offset by increased proceeds from debt in 2015."}
{"_id": "d8c8498ac", "title": "", "text": "| Year Ended September 30, | (In millions) | Net cash provided by operating activities | Net cash used for investing activities | Net cash used for financing activities |"}
{"_id": "d8f110420", "title": "", "text": "additional collateral, or reduce debt positions, when necessary.\nThese credit lines are primarily uncommitted loan facilities, as the Company reserves the right to not make any advances, or may terminate these credit lines at any time.\nFactors considered in the review of these loans include, but are not limited to, the loan amount, the client’s credit profile, the degree of leverage, collateral diversification, price volatility and liquidity of the collateral.\nResidential real estate loans consist of first and second lien mortgages, including HELOC loans.\nThe Company’s underwriting policy is designed to ensure that all borrowers pass an assessment of capacity and willingness to pay, which includes an analysis utilizing industry standard credit scoring models (e. g. , Fair Isaac Corporation (“FICO”) scores), debt ratios and assets of the borrower.\nLoan-to-value ratios are determined based on independent third-party property appraisal/ valuations, and security lien position is established through title/ownership reports.\nThe vast majority of mortgage and HELOC loans are held for investment in the Wealth Management business segment’s loan portfolio.\nFor the year ended December 31, 2015, loans and lending commitments associated with the Wealth Management business segment lending activities increased by approximately 29%, mainly due to growth in PLA, LAL and residential real estate loans.\nWealth Management Lending Activities by Remaining Contractual Maturity."}
{"_id": "d8f67cc1a", "title": "", "text": "| Years Ended December 31, | 2013 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest and debt expense | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d8a22dcae", "title": "", "text": "| Balance at December 31, 2009 $1,251,628 | Net income | Distributions | Conversion of Class A units into common shares, at redemption value | Adjustment to carry redeemable Class A units at redemption value | Redemption of Series D-12 redeemable units | Other, net | Balance at December 31, 2010 | Net income | Distributions | Conversion of Class A units into common shares, at redemption value | Adjustment to carry redeemable Class A units at redemption value | Redemption of Series D-11 redeemable units | Other, net | Balance at December 31, 2011 |"}
{"_id": "d82d2c752", "title": "", "text": "One of the measures we use to quantify our exposure to interest rate risk is duration.\nTo calculate duration, we project asset and liability cash flows.\nThese cash flows are discounted to a net present value basis using a spot yield curve, which is a blend of the spot yield curves for each of the asset types in the portfolio.\nDuration is calculated by re-calculating these cash flows, re-determining the net present value based upon an alternative level of interest rates, and determining the percentage change in fair value.\nWe manage interest rate risks in a number of ways.\nDifferences in durations between assets and liabilities are measured and kept within acceptable tolerances.\nDerivatives are also commonly used to mitigate interest rate risk due to cash flow mismatches and timing differences.\nPrepayment risk is controlled by limiting our exposure to investments that are prepayable without penalty prior to maturity at the option of the issuer.\nWe also require additional yield on these investments to compensate for the risk the issuer will exercise such option.\nPrepayment risk is also controlled by limiting the sales of liabilities with features such as puts or other options that can be exercised against the company at inopportune times."}
{"_id": "d86c04ce0", "title": "", "text": "| Principal amount outstanding JPMorgan Chase interest in securitized assets in nonconsolidated VIEs(c)(d)(e) | December 31, 2016(in millions) | Securitization-related(a) | Residential mortgage: | Prime/Alt-A and option ARMs | Subprime | Commercial and other(b) | Total | Principal amount outstanding | December 31, 2015(in millions) | Securitization-related(a) | Residential mortgage: | Prime/Alt-A and option ARMs | Subprime | Commercial and other(b) | Total |"}
{"_id": "d8ddc6b30", "title": "", "text": "| Amount (In Millions) | 2014 net revenue | Retail electric price | Volume/weather | Waterford 3 replacement steam generator provision | MISO deferral | Other | 2015 net revenue |"}
{"_id": "d87876b68", "title": "", "text": "The Company's significant contractual obligation payments at December 31, 2017 are as follows:\n(a) Other postretirement employee benefits, excluding pensions, include anticipated future payments to cover retiree medical and life insurance benefits.\nRefer to Note 11, \"Retirement Benefit Plans,\" to the Consolidated Financial Statements in Item 8 of this report for disclosures related to the Company’s other postretirement employee benefits.\n(b) Since the timing and amount of payments for funded defined benefit pension plans are usually not certain for future years such potential payments are not shown in this table.\nAmount contained in “After 2022” column is for unfunded plans and includes estimated payments through 2027.\nRefer to Note 11, \"Retirement Benefit Plans,\" to the Consolidated Financial Statements in Item 8 of this report for disclosures related to the Company’s pension benefits.\n(c) Refer to Note 4, \"Income Taxes,\" to the Consolidated Financial Statements in Item 8 of this report for disclosures related to the Company’s income taxes.\nWe believe that the combination of cash from operations, cash balances, available credit facilities, and the universal shelf registration capacity will be sufficient to satisfy our cash needs for our current level of operations and our planned operations for the foreseeable future.\nWe will continue to balance our needs for internal growth, external growth, debt reduction and cash conservation.\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) 77 The Company believes the assumptions and estimates used to determine the estimated fair value are reasonable.\nDifferent assumptions could materially affect the estimated fair value.\nThe primary assumptions affecting the Company's December 31, 2017 goodwill quantitative, \"step one,\" impairment review are as follows: ?\nDiscount rate: The Company used a 10.4% weighted average cost of capital (“WACC”) as the discount rate for future cash flows.\nThe WACC is intended to represent a rate of return that would be expected by a market participant.  ?\nOperating income margin: The Company used historical and expected operating income margins, which may vary based on the projections of the reporting unit being evaluated.  ?\nRevenue growth rate: The Company used a global automotive market industry growth rate forecast adjusted to estimate its own market participation for product lines.\nIn addition to the above primary assumptions, the Company notes the following risks to volume and operating income assumptions that could have an impact on the discounted cash flow models: ?\nThe automotive industry is cyclical and the Company's results of operations would be adversely affected by industry downturns.  ?\nThe Company is dependent on market segments that use our key products and would be affected by decreasing demand in those segments.  ?\nThe Company is subject to risks related to international operations.\nBased on the assumptions outlined above, the impairment testing conducted in the fourth quarter of 2017 indicated the Company's goodwill assigned to the reporting unit with restructuring activity that was quantitatively assessed was not impaired and contained a fair value that exceeded the reporting unit's carrying value by more than 20%.\nAdditionally, for the reporting unit quantitatively assessed, sensitivity analyses were completed indicating that a one percent increase in the discount rate, a one percent decrease in the operating margin, or a one percent decrease in the revenue growth rate assumptions would not result in the carrying value exceeding the fair value."}
{"_id": "d8b316f2a", "title": "", "text": "| Europe  The Carphone Warehouse and The Phone House Stores Canada China Mexico  Best Buy Stores Turkey  Best Buy Stores | Future Shop Stores | Total stores at end of fiscal 2007 | Stores opened | Stores closed | Total stores at end of fiscal 2008 |"}
{"_id": "d8ee997e6", "title": "", "text": "| ($ in millions) Payments Due by Period | Contractual Obligations | Long-Term Debt | Lease Obligations | Purchase Obligations | Total |"}
{"_id": "d8ee299d2", "title": "", "text": "| Payments Due by Period | Total | (in thousands) | Operating leases | Deemed landlord financing | Total contractual cash obligations |"}
{"_id": "d8c210daa", "title": "", "text": "| Year Ended December 31, | 2000 | (in thousands) | Customer service center and other | Satellite and transmission | General and administrative | Total non-cash, stock-based compensation | Year Ended December 31, | 2000 | Operating income (loss) | Depreciation and amortization | Non-cash, stock-based compensation | EBITDA | Cost of sales – subscriber promotion subsidies | Other subscriber promotion subsidies | Advertising and other | Pre-marketing cash flow | Year Ended December 31, | 2011 | Gas Delivered(MDt) | Firm Sales | Full service | Firm transportation of customer-owned gas | Total Firm Sales | Interruptible Sales (a) | Total Gas Delivered to CECONY Customers | Transportation of customer-owned gas | NYPA | Other (mainly generating plants and interruptible transportation) | Off-System Sales | Total Sales | Gas Delivered($ in millions) | Firm Sales | Full service | Firm transportation of customer-owned gas | Total Firm Sales | Interruptible Sales | Total Gas Delivered to CECONY Customers | Transportation of customer-owned gas | NYPA | Other (mainly generating plants and interruptible transportation) | Off-System Sales | Other operating revenues (mainly regulatory amortizations) | Total Sales | Average Revenue per Dt Sold | Residential | General |"}
{"_id": "d8616f5a0", "title": "", "text": "| Federal net operatinglosses EntergyArkansas $374 million EntergyGulf StatesLouisiana - EntergyLouisiana $621 million EntergyMississippi - EntergyNew Orleans - EntergyTexas $197 million SystemEnergy $3 million | Year(s) of expiration | State net operating losses | Year(s) of expiration | Federal minimum taxcredits | Year(s) of expiration | Other federal credits | Year(s) of expiration | State credits | Year(s) of expiration |"}
{"_id": "d8f11057e", "title": "", "text": "At December 31, 2015 and December 31, 2014, approximately 99.9% of the Wealth Management business segment loans held for investment were current, while approximately 0.1% were on nonaccrual status because the loans were past due for a period of 90 days or more or payment of principal or interest was in doubt.\nThe Wealth Management business segment also provides margin lending to clients and had an outstanding balance of $14.7 billion and $13.7 billion at December 31, 2015 and December 31, 2014, respectively, which were classified within Customer and other receivables within the consolidated statements of financial condition.\nIn addition, the Wealth Management business segment has employee loans that are granted primarily in conjunction with programs established by the Company to recruit and retain certain employees.\nThese loans, recorded in Customer and other receivables in the consolidated statements of financial condition, are full recourse, require periodic payments and have repayment terms ranging from 2 to 12 years.\nThe Company establishes an allowance for loan amounts it does not consider recoverable from terminated employees, which is recorded in Compensation and benefits expense."}
{"_id": "d885a06b8", "title": "", "text": "| Named Executive Officer Base Salary Target as Percentage of Base Salary Payout as Percentage of Target 2017 AnnualIncentive Award | A. Christopher Bakken, III | Marcus V. Brown | Leo P. Denault | Haley R. Fisackerly | Andrew S. Marsh | Phillip R. May, Jr. | Sallie T. Rainer | Charles L. Rice, Jr. | Richard C. Riley | Roderick K. West |"}
{"_id": "d8b0008cc", "title": "", "text": "| December 31, | 2018 | Account Value | (in millions) | Living benefit/GMDB features-1: | Both ALM strategy and automatic rebalancing-2 | ALM strategy only | Automatic rebalancing only | External reinsurance-3 | PDI | Other Products | Total living benefit/GMDB features | GMDB features and other-4 | Total variable annuity account value |"}
{"_id": "d8dbe55dc", "title": "", "text": "A summary of nonvested RSU and PSU activity (shares in thousands) is as follows:"}
{"_id": "d8e82ff9a", "title": "", "text": "| (Millions) 2013 2012 | 5.75% notes, due 2013-1 | 37/8% notes, due 2015 (€300) | 1.9 % notes, due 2016-1 | 73/8% notes, due 2016-1 | 67/8% notes, due 2017 | 6.65% notes, due 2018 | 7.4% notes, due 2019 | 3.6% notes, due 2020 | 9% non-callable debentures, due 2021-1 | 2.70% notes, due 2022 | 7.70% notes, due 2038 | 5.5% notes, due 2040 | Impact of derivatives on debt-1 | Various other non-U.S. debt, weighted average 0.7% as of December 31, 2013 and 3.4% of December 31, 2012. | Capital lease obligations | Total | Less payments due within one year | Long-term debt |"}
{"_id": "d897ab222", "title": "", "text": "| Pension Benefits Other Benefits | (In millions) | Change in benefit obligations | Benefit obligations at January 1 | Service cost | Interest cost | Actuarial (gain) losses | Settlement payments | Benefits paid | Benefit obligations at December 31 | Change in plan assets | Fair value of plan assets at January 1 | Actual return on plan assets | Employer contribution | Settlement payments | Benefits paid from plan assets | Fair value of plan assets at December 31 | Funded status of plans at December 31(b) | Unrecognized net transition asset | Unrecognized prior service costs (credits) | Unrecognized net losses | Accrued benefit cost | Amounts recognized in the statement of financial position: | Accrued benefit liability | Intangible asset | Accumulated other comprehensive income(c) | Accrued benefit cost |"}
{"_id": "d8d46fd16", "title": "", "text": "| December 31, 2008 Original Cost Gross Other Than Temporary Impairment Estimated Fair Market Value | Auction rate securities: | Debt instruments with contractual maturity dates in 2021, 2033, and 2036 | Non-cumulative perpetual preferred stock | Total |"}
{"_id": "d895f0fcc", "title": "", "text": "| (In thousands) | 2010 | 2011 | 2012 | 2013 | 2014 | Thereafter | Total |"}
{"_id": "d8e14a144", "title": "", "text": "| For the fiscal years ended June 30, | 2016 | (in millions, except %) | Revenues: | Consumer | Other | Total Revenues | Operating expenses | Selling, general and administrative | Segment EBITDA |"}
{"_id": "d8ea7c46a", "title": "", "text": "(1) For the six months ended December 31, 2017, reinvested dividends and capital gains of $7.0 billion are included in long-term inflows.\nFor previous periods, reinvested dividends and capital gains are included in market gains and losses.\n(2) Gross revenue yield on AUM is equal to annualized total operating revenues divided by average AUM, excluding joint venture (JV) AUM.\nOur share of the average AUM in 2017 for our JVs in China was $8.5 billion (2016: , 2015: ).\nIt is appr $9.2 billion $6.1 billion opriate to exclude the average AUM of our JVs for purposes of computing gross revenue yield on AUM, because the revenues resulting from these AUM are not presented in our operating revenues.\nUnder U. S.  GAAP, our share of the net income of the JVs is recorded as equity in earnings of unconsolidated affiliates on our Consolidated Statements of Income.\nAdditionally, the numerator of the gross revenue yield measure,"}
{"_id": "d89b8a136", "title": "", "text": "other taxes decreased in 2001 because its utility operations in Virginia became subject to state income taxes in lieu of gross receipts taxes effective January 2001.\nIn addition, Dominion recognized higher effective rates for foreign earnings and higher pretax income in relation to non-conventional fuel tax credits realized.\nDominion Energy"}
{"_id": "d875f1d66", "title": "", "text": "QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK We are exposed to market risk stemming from changes in interest and foreign exchange rates and commodity and equity prices.\nChanges in these factors could cause fl uctuations in our earnings and cash fl ows.\nIn the normal course of business, we actively manage our exposure to these market risks by entering into various hedging transactions, authorized under established policies that place clear controls on these activities.\nTh e counterparties in these transactions are generally highly rated institutions.\nWe establish credit limits for each counterparty.\nOur hedging transactions include but are not limited to a variety of derivative fi nancial instruments.\nFor information on interest rate, foreign exchange, commodity price, and equity instrument risk, please see Note 7 to the Consolidated Financial Statements on page 61 of this report.\nVALUE AT RISK Th e estimates in the table below are intended to measure the maximum potential fair value we could lose in one day from adverse changes in market interest rates, foreign exchange rates, commodity prices, and equity prices under normal market conditions.\nA Monte Carlo value-at-risk (VAR) methodology was used to quantify the market risk for our exposures.\nTh e models assumed normal market conditions and used a 95 percent confi - dence level.\nTh e VAR calculation used historical interest and foreign exchange rates, and commodity and equity prices from the past year to estimate the potential volatility and correlation of these rates in the future.\nTh e market data were drawn from the RiskMetrics?\ndata set.\nTh e calculations are not intended to represent actual losses in fair value that we expect to incur.\nFurther, since the hedging instrument (the derivative) inversely correlates with the underlying exposure, we would expect that any loss or gain in the fair value of our derivatives would be generally off set by an increase or decrease in the fair value of the underlying exposure.\nTh e positions included in the calculations were: debt; investments; interest rate swaps; foreign exchange forwards; commodity swaps, futures and options; and equity instruments.\nTh e calculations do not include the underlying foreign exchange and commodities or equity-related positions that are off set by these market-risk-sensitive instruments."}
{"_id": "d8e3bfc26", "title": "", "text": "| At December 31, | 2008 | (In millions) | Commercial Insurance | Transatlantic | Personal Lines | Mortgage Guaranty | Foreign General Insurance | Total net loss reserves |"}
{"_id": "d8a779f64", "title": "", "text": "O&R Superfund The sites at which O&R has been asserted to have liability under Superfund include its manufactured gas sites, its West Nyack site, the Newark Bay site, and other Superfund sites discussed below.\nThere may be additional sites as to which assertions will be made that O&R has liability.\nFor a further discussion of claims and possible claims against O&R under Superfund, see Note G to the financial statements in Item 8 (which information is incorporated herein by reference).\nManufactured Gas Sites O&R and its predecessors formerly owned and operated manufactured gas plants at seven sites (O&R MGP Sites) in Orange County and Rockland County, New York.\nThree of these sites are now owned by parties other than O&R, and have been redeveloped by them for residential, commercial or industrial uses.\nThe NYSDEC is requiring O&R to develop and implement remediation programs for the O&R MGP Sites including any neighboring areas to which contamination may have migrated.\nO&R has completed remedial investigations at all seven O&R MGP Sites and has completed the remediation at one of the sites and a portion of another.\nO&R has received NYSDECs decision regarding the remedial work to be performed at three of the sites and a portion of another.\nRemedial construction at the Port Jervis MGP site began in July 2012 and the excavation phase of the remedy is expected to be completed by May 2013.\nRemedial design is ongoing for three of the sites.\nA feasibility study was completed for one site in 2012 and is currently being reviewed by NYSDEC.\nA feasibility study for one site will be completed in 2013.\nWest Nyack Site In 1991, 1994 and 1997, O&R entered into consent orders with the NYSDEC pursuant to which O&R agreed to conduct a remedial investigation and remediate certain property it owns in West Nyack, New York at which PCBs were discovered.\nPetroleum contamination related to a leaking underground storage tank was found as well.\nO&R has completed all remediation at the site that the NYSDEC has required to date.\nIn 2012, NYSDEC reclassified the West Nyack site to a Class 4 site, meaning that the site has been properly closed but requires continued site management.\nAnnual inspections and certification of compliance with the Site Management Plan will be required.\nNewark Bay Approximately 300 parties, including O&R (which was served with a third-party complaint in June 2009), were sued as thirdparty defendants by Tierra Solutions, Inc.  (Tierra) and Maxus Energy Corporation (Maxus), successors to the Occidental Chemical Corporation and Diamond Shamrock Chemical Company.\nTierra and Maxus were themselves sued in 2005 by the New Jersey Department of Environmental Protection and others for removal and cleanup costs, punitive damages, penalties, and economic losses allegedly arising from the dioxin contamination their predecessors pesticide/herbicide plant allegedly released to the Newark Bay Complex, a system of"}
{"_id": "d899b6454", "title": "", "text": "Valuation Fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\nThe Firm has an established and welldocumented process for determining fair value, for further details see Note 3 on pages 196214 of this Annual Report.\nFair value is based on quoted market prices, where available.\nIf listed prices or quotes are not available for an instrument or a similar instrument, fair value is generally based on models that consider relevant transaction characteristics (such as maturity) and use as inputs marketbased or independently sourced parameters.\nEstimating fair value requires the application of judgment.\nThe type and level of judgment required is largely dependent on the amount of observable market information available to the Firm.\nFor instruments valued using internally developed models that use significant unobservable inputs and are therefore classified within level 3 of the valuation hierarchy, judgments used to estimate fair value are more significant than those required when estimating the fair value of instruments classified within levels 1 and 2.\nIn arriving at an estimate of fair value for an instrument within level 3, management must first determine the appropriate model to use.\nSecond, due to the lack of observability of significant inputs, management must assess all relevant empirical data in deriving valuation inputs  including, for example, transaction details, yield curves, interest rates, prepayment rates, default rates, volatilities, correlations, equity or debt prices, valuations of comparable instruments, foreign exchange rates and credit"}
{"_id": "d8bda3560", "title": "", "text": "Compensation expense totaling $643,170 and $781,275 was recognized in 2002 and 2000, respectively, due to the accelerated vesting of stock options as a result of the retirement of certain employees.\nFive-Year Performance Comparison – The following graph provides an indicator of cumulative total shareholder returns for the Corporation as compared to the peer group index (described above), the DJ Trans, and the S&P 500.\nThe graph assumes that $100 was invested in the common stock of Union Pacific Corporation and each index on December 31, 2007 and that all dividends were reinvested."}
{"_id": "d863f5036", "title": "", "text": "| Year Ended December 31, Year Ended December 31, | 2009 | (Amounts in thousands, except for weighted average data) | Same Store Facilities Operating Trends by Region | Revenues: | Southern California (176 facilities) | Northern California (167 facilities) | Texas (231 facilities) | Florida (182 facilities) | Illinois (119 facilities) | Washington (88 facilities) | Georgia (86 facilities) | All other states (850 facilities) | Total revenues | Southern California | Northern California | Texas | Florida | Illinois | Washington | Georgia | All other states | Total cost of operations | Southern California | Northern California | Texas | Florida | Illinois | Washington | Georgia | All other states | Total net operating income | Weighted average occupancy: | Southern California | Northern California | Texas | Florida | Illinois | Washington | Georgia | All other states | Total weighted average occupancy |"}
{"_id": "d8bd86bfe", "title": "", "text": "Foreign Currency Rates We are subject to translation and transaction risks related to changes in foreign currency exchange rates.\nSince we report revenues and expenses in U. S.  Dollars, changes in exchange rates may either positively or negatively affect our consolidated revenues and expenses (as expressed in U. S.  Dollars) from foreign operations.\nThe primary foreign currencies that impacted our results during 2014 included the Argentine Peso, Australian Dollar, Brazilian Real and British Pound Sterling.\nBased on 2014 exchange rates and operating results, if the U. S.  Dollar were to strengthen or weaken by 10%, we currently estimate operating income would decrease or increase approximately 4%, assuming that all currencies are impacted in the same manner and our international revenue and expenses remain constant at 2014 levels.\nThe functional currency of our foreign operations is generally their respective local currency.\nAssets and liabilities are translated at the exchange rates in effect at the balance sheet date, and revenues and expenses are translated at the average exchange rates during the period presented.\nThe resulting translation adjustments are recorded as a component of accumulated other comprehensive loss, net of tax, in the stockholders’ equity section of our Consolidated Balance Sheets.\nOur foreign subsidiaries generally collect revenues and pay expenses in their functional currency, mitigating transaction risk.\nHowever, certain subsidiaries may enter into transactions in currencies other than their functional currency.\nAssets and liabilities denominated in currencies other than the functional currency are susceptible to movements in foreign currency until final settlement.\nCurrency transaction gains or losses primarily arising from transactions in currencies other than the functional currency are included in office and general expenses.\nWe have not entered into a material amount of foreign currency forward exchange contracts or other derivative financial instruments to hedge the effects of potential adverse fluctuations in foreign currency exchange rates."}
{"_id": "d823e9b0e", "title": "", "text": "| 2015 2014 | Ships | Ship improvements | Ships under construction | Land, buildings and improvements, including leasehold improvements and port facilities | Computer hardware and software, transportation equipment and other | Total property and equipment | Less—accumulated depreciation and amortization | $18,777,778 | Changes related to cash flow derivative hedges | Accumulated comprehensive loss at January 1, 2013 | Other comprehensive income before reclassifications | Amounts reclassified from accumulated other comprehensive income (loss) | Net current-period other comprehensive income | Accumulated comprehensive income (loss) at January 1, 2014 | Other comprehensive loss before reclassifications | Amounts reclassified from accumulated other comprehensive income (loss) | Net current-period other comprehensive loss | Accumulated comprehensive loss at January 1, 2015 | Other comprehensive (loss) income before reclassifications | Amounts reclassified from accumulated other comprehensive income (loss) | Net current-period other comprehensive (loss) income | Accumulated comprehensive loss at December 31, 2015 |"}
{"_id": "d8ec72efe", "title": "", "text": "Business Lines Acetate tow is used primarily in cigarette filters.\nAccording to the 2006 Stanford Research Institute International Chemical Economics Handbook, we are the worlds leading producer of acetate tow, including production of our ventures in Asia.\nWe produce acetate flake by processing wood pulp with acetic anhydride.\nWe purchase wood pulp that is made from reforested trees from major suppliers and produce acetic anhydride internally.\nThe acetate flake is then further processed into acetate fiber in the form of a tow band.\nWe have an approximate 30% interest in three manufacturing ventures in China that produce cellulose acetate flake and tow.\nOur partner in each of the ventures is a Chinese state-owned tobacco entity.\nIn addition, 12% of our 2006 acetate tow sales were sold directly to China, the largest single market for acetate tow in the world.\nTwo of the ventures completed tow expansions in January 2005, and the third venture completed its tow expansion in June 2005.\nFlake expansion is expected to be completed in 2007.\nAlthough our direct tow sales into China have decreased as a result of the venture expansions, the future dividends that we expect to receive from these ventures are projected to increase.\nAcetate Products is continuing its productivity and operations improvement efforts.\nThese efforts are directed toward reducing costs while achieving higher productivity of employees and equipment.\nIn addition to our operating sites restructuring activities previously undertaken, we closed our Charlotte, North Carolina administrative and research and development facility.\nIn July 2005, we relocated our Rock Hill, South Carolina administrative functions to our Dallas corporate headquarters.\nIn December 2005, we sold our Rock Hill and Charlotte sites.\nFacilities Acetate Products has production sites in the United States, Canada, Mexico and Belgium, and participates in three manufacturing ventures in China.\nIn October 2004, we announced plans to discontinue our filament business, with operations at our Narrows, Virginia and Ocotlan, Mexico sites, which occurred in the fourth quarter of 2005.\nAdditionally, we announced our intentions to shutdown our high cost operations at our Rock Hill, South Carolina flake production site and our Edmonton, Alberta, Canada flake and tow production site.\nWe shutdown our Rock Hill flake and Edmonton tow operations in the second quarter of 2005 and will shutdown our Edmonton flake facility in early 2007.\nIn addition to the above closures, we re-commissioned our flake operations at Ocotlan in the first quarter of 2005."}
{"_id": "d870688d6", "title": "", "text": "| At December 31, 2010 At December 31, 2009 | (in millions) | Assets: | Mortgage and other loans receivable | Liabilities: | Long-term debt |"}
{"_id": "d8e09d28c", "title": "", "text": "Stock Purchase Plan The Stock Purchase Plan, which was approved by shareholders in 2004 and 2014, provides for the Companies to contribute up to $1 for each $9 invested by their directors, officers or employees to purchase Con Edison common stock under the plan.\nEligible participants may invest up to $25,000 during any calendar year (subject to an additional limitation for officers and employees of not more than 20 percent of their pay).\nDividends paid on shares held under the plan are reinvested in additional shares unless otherwise directed by the participant.\nParticipants in the plan immediately vest in shares purchased by them under the plan.\nThe fair value of the shares of Con Edison common stock purchased under the plan was calculated using the average of the high and low composite sale prices at which shares were traded at the New York Stock Exchange on the trading day immediately preceding such purchase dates.\nDuring 2016, 2015 and 2014, 720,268, 761,784 and 708,276 shares were purchased under the Stock Purchase Plan at a weighted average price of $72.67, $62.75 and $56.23 per share, respectively."}
{"_id": "d88a1c17e", "title": "", "text": "| Balance at December 31, 2007 Goodwill Acquired Foreign Currency Translation and Other Balance at December 31, 2008 | Food Packaging | Food Solutions | Protective Packaging | Other | Total |"}
{"_id": "d87fc1b20", "title": "", "text": "| In Millions Change | Years Ended December 31 | CMS Energy, including Consumers | Net income | Non-cash transactions1 | 1,511 | Postretirement benefits contributions | Proceeds from government grant | Changes in core working capital2 | Changes in other assets and liabilities, net | Net cash provided by operating activities | Consumers | Net income | Non-cash transactions1 | 1,614 | Postretirement benefits contributions | Proceeds from government grant | Changes in core working capital2 | Changes in other assets and liabilities, net | Net cash provided by operating activities |"}
{"_id": "d869bcf5a", "title": "", "text": "(1) Includes annual interest based on the contractual features of each security, using market rates at December 31, 2016.\nInterest rates are assumed to remain at current levels over the life of all adjustable rate instruments.\n(2) For subordinated debentures, does not assume early redemption under current conversion provisions.\n(3) Includes annual interest payments.\nDoes not assume conversion for the non-interest bearing convertible debentures due 2019.\n(4) Does not include sweep deposits, savings deposits, money market or checking deposits as there are no stated maturity dates and/or scheduled contractual payments.\n(5) Includes future minimum lease payments, net of sublease proceeds under sale-leaseback transaction and operating leases with initial or remaining terms in excess of one year.\n(6) Includes material purchase obligations for goods and services covered by non-cancelable contracts and contracts with termination clauses.\nIncludes contracts through the termination date, even if the contract is renewable.\nAt December 31, 2016, the Company had approximately $18 million of unused lines of credit available to customers under HELOCs, the majority of which expire in 2017.\nThe Company also had $83 million in unfunded commitments to fund partnerships, companies and other similar entities, including tax credit partnerships and community development related entities, which are not required to be consolidated, at December 31, 2016.\nAdditional information related to commitments and contingent liabilities is detailed in Note 21—Commitments, Contingencies and Other Regulatory Matters."}
{"_id": "d82441c32", "title": "", "text": "Bristol-Myers Squibb 72 In May 2010, the Board of Directors authorized the repurchase of up to $3.0 billion of common stock.\nRepurchases may be made either in the open market or through private transactions, including under repurchase plans established in accordance with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended.\nThe stock repurchase program does not have an expiration date but is expected to take place over the next few years.\nIt may be suspended or discontinued at any time.\nDuring 2010, the Company repurchased 23 million shares at the average price of approximately $25.50 per share for an aggregate cost of $587 million which includes $1 million of transaction fees."}
{"_id": "d8a0159d0", "title": "", "text": "| High Low Dividends | 2012 | First quarter | Second quarter | Third quarter | Fourth quarter | 2011 | First quarter | Second quarter | Third quarter | Fourth quarter |"}
{"_id": "d8a02a010", "title": "", "text": "| As of | (in millions) | Derivative Assets: | Designated Hedging Instruments | Currency hedge contracts | Currency hedge contracts | Interest rate contracts | Interest rate contracts | 204 | Non-Designated Hedging Instruments | Currency hedge contracts | Total Derivative Assets | Derivative Liabilities: | Designated Hedging Instruments | Currency hedge contracts | Non-Designated Hedging Instruments | Currency hedge contracts | Total Derivative Liabilities |"}
{"_id": "d888521fe", "title": "", "text": "| Years Ended December 31, | 2010 | (in millions, except per share amounts) | Numerator: | Net income (loss) attributable to Ameriprise Financial, Inc. | Denominator: | Basic: Weighted-average common shares outstanding | Effect of potentially dilutive nonqualified stock options and other share-based awards | Diluted: Weighted-average common shares outstanding | Earnings (loss) per share attributable to Ameriprise Financial, Inc. common shareholders: | Basic | Diluted |"}
{"_id": "d8d480e36", "title": "", "text": "| Years Ended December 31, | 2010 | (In millions) | Statement of Operations Data -1 | Revenues: | Premiums | Universal life and investment-type product policy fees | Net investment income | Other revenues | Net investment gains (losses) | Net derivative gains (losses) | Total revenues | Expenses: | Policyholder benefits and claims | Interest credited to policyholder account balances | Policyholder dividends | Other expenses | Total expenses | Income (loss) from continuing operations before provision for income tax | Provision for income tax expense (benefit) | Income (loss) from continuing operations, net of income tax | Income (loss) from discontinued operations, net of income tax | Net income (loss) | Less: Net income (loss) attributable to noncontrolling interests | Net income (loss) attributable to MetLife, Inc. | Less: Preferred stock dividends | Net income (loss) available to MetLife, Inc.’s common shareholders |"}
{"_id": "d8e7d758e", "title": "", "text": "Operating Activities The increase in cash provided by operating activities in fiscal 2010 compared with 2009 was due primarily to increases in cash provided by net earnings, accounts receivable, other liabilities and accrued income taxes, partially offset by an increase in cash used for merchandise inventories.\nThe increase in cash provided by accounts receivable was due primarily to the timing of receipt of customer and network carrier receivables in our Europe business, as well as network carrier receivables associated with Best Buy Mobile in the U. S.  The increases in cash provided by other liabilities were due primarily to the timing and magnitude of transaction taxes payable in various jurisdictions, as well as accrued bonuses.\nFinally, the increase in cash provided by accrued income taxes was due to the timing and magnitude of tax accruals as a result of higher net earnings.\nThese changes were largely offset by the increase in cash used for merchandise inventories due to increased inventory levels in fiscal 2010, notably in notebook computers and flatpanel televisions, as a result of increased consumer demand and a strengthening economy, compared to fiscal 2009 when we tightened inventory levels amidst a weaker economy and lower holiday sales.\nThe decrease in cash provided by operating activities in fiscal 2009 compared with fiscal 2008 was due primarily to changes in accounts receivable, merchandise inventories, other assets, other liabilities and accrued income taxes.\nThe decrease in cash provided by accounts receivable was due to the timing of the receipt of customer and network carrier receivables in our Europe business, which were collected subsequent to the December month-end (the last month reported in our fiscal year for our Europe business).\nThe increase in cash used for other assets was due primarily to increases in restricted cash balances as well as a decrease in cash provided by long-term receivables associated with our Europe business due to timing of collection.\nIn addition, we had increases in cash used for other liabilities due primarily to the timing of payments of payroll and employer taxes and other accruals as well as a decrease in cash provided by gift card sales.\nFinally, the increase in cash used for accrued income taxes was due to the timing of tax payments.\nThese changes were largely offset by the decrease in cash used for merchandise inventories due to our efforts to control inventory spending given changes in consumer demand experienced in the latter half of fiscal 2009."}
{"_id": "d8bef6994", "title": "", "text": "NONINTEREST INCOME Noninterest income totaled $5.9 billion for 2012 and $5.6 billion for 2011.\nThe overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume, gains on sales of Visa Class B common shares and higher corporate service fees, largely offset by higher provision for residential mortgage repurchase obligations.\nAsset management revenue, including BlackRock, totaled $1.2 billion in 2012 compared with $1.1 billion in 2011.\nThis increase was primarily due to higher earnings from our BlackRock investment.\nDiscretionary assets under management increased to $112 billion at December 31, 2012 compared with $107 billion at December 31, 2011 driven by stronger average equity markets, positive net flows and strong sales performance.\nFor 2012, consumer services fees were $1.1 billion compared with $1.2 billion in 2011.\nThe decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth.\nAs further discussed in the Retail Banking portion of the Business Segments Review section of this Item 7, the Dodd-Frank limits on interchange rates were effective October 1, 2011 and had a negative impact on revenue of approximately $314 million in 2012 and $75 million in 2011.\nThis impact was partially offset by higher volumes of merchant, customer credit card and debit card transactions and the impact of the RBC Bank (USA) acquisition.\nCorporate services revenue increased by $.3 billion, or 30 percent, to $1.2 billion in 2012 compared with $.9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012.\nThe major components of corporate services revenue are treasury management revenue, corporate finance fees, including revenue from capital markets-related products and services, and commercial mortgage servicing revenue, including commercial mortgage banking activities.\nSee the Product Revenue portion of this Consolidated Income Statement Review for further detail."}
{"_id": "d8cb2d4f6", "title": "", "text": "DISCONTINUED OPERATIONS Brazil Distribution  Due to a portfolio evaluation in the first half of 2016, management has decided to pursue a strategic shift of its distribution companies in Brazil, AES Sul and Eletropaulo.\nThe disposal of Sul was completed in October 2016.\nIn December 2016, Eletropaulo underwent a corporate restructuring which is expected to, among other things, provide more liquidity of its shares.\nAES is continuing to pursue strategic options for Eletropaulo in order to complete its strategic shift to reduce AES exposure to the Brazilian distribution business, including preparation for listing its shares into the Novo Mercado, which is a listing segment of the Brazilian stock exchange with the highest standards of corporate governance.\nThe Company executed an agreement for the sale of its wholly-owned subsidiary AES Sul in June 2016.\nWe have reported the results of operations and financial position of AES Sul as discontinued operations in the consolidated financial statements for all periods presented.\nUpon meeting the held-for-sale criteria, the Company recognized an after tax loss of $382 million comprised of a pretax impairment charge of $783 million, offset by a tax benefit of $266 million related to the impairment of the Sul long lived assets and a tax benefit of $135 million for deferred taxes related to the investment in AES Sul.\nPrior to the impairment charge in the second quarter, the carrying value of the AES Sul asset group of $1.6 billion was greater than its approximate fair value less costs to sell.\nHowever, the impairment charge was limited to the carrying value of the long lived assets of the AES Sul disposal group.\nOn October 31, 2016, the Company completed the sale of AES Sul and received final proceeds less costs to sell of $484 million, excluding contingent consideration.\nUpon disposal of AES Sul, we incurred an additional aftertax loss on sale of $737 million.\nThe cumulative impact to earnings of the impairment and loss on sale was $1.1 billion.\nThis includes the reclassification of approximately $1 billion of cumulative translation losses, resulting in a net reduction to the Companys stockholders equity of $92 million.\nSuls pretax loss attributable to AES for the years ended December 31, 2016 and 2015 was $1.4 billion and $32 million, respectively.\nSuls pretax gain attributable to AES for the year ended December 31, 2014 was $133 million.\nPrior to its classification as discontinued operations, Sul was reported in the Brazil SBU reportable segment.\nAs discussed in Note 1General and Summary of Significant Accounting Policies, effective July 1, 2014, the Company prospectively adopted ASU No.2014-08.\nDiscontinued operations prior to adoption of ASU No.2014-08 include the results of Cameroon, Saurashtra and various U. S.  wind projects which were each sold in the first half of 2014."}
{"_id": "d867a35c0", "title": "", "text": "| December 31 | ($ in millions) | Unrecognized tax benefits at beginning of the year | Additions based on tax positions related to the current year | Additions for tax positions of prior years | Settlements | Spin-off | Net change in unrecognized tax benefits | Unrecognized tax benefits at end of the year |"}
{"_id": "d89151d22", "title": "", "text": "| Under Review Currently AnticipatedYear of Expiration (in the U.S.) | V419 (pediatric hexavalent combination vaccine) | MK-6072 (bezlotoxumab) |"}
{"_id": "d87851c1e", "title": "", "text": "| Year Ended December 31, 2011 | ($ in millions, except per share amounts) | Sales and service revenues | Operating income (loss) | Earnings (loss) before income taxes | Net earnings (loss) | Net earnings (loss) attributable to HII | Basic earnings (loss) per share | Diluted earnings (loss) per share |"}
{"_id": "d8c408482", "title": "", "text": "| December 31, 2010 | Agricultural Mortgage Loans | Recorded Investment | (In millions) | Loan-to-valueratios: | Less than 65% | 65% to 75% | 76% to 80% | Greater than 80% | Total |"}
{"_id": "d89b098c4", "title": "", "text": "| Amount (In Millions) | 2016 net revenue | Retail electric price | Regulatory credit resulting from reduction of thefederal corporate income tax rate | Grand Gulf recovery | Louisiana Act 55 financing savings obligation | Volume/weather | Other | 2017 net revenue |"}
{"_id": "d811aafb0", "title": "", "text": "Business Separation Costs On 16 September 2015, the Company announced that it intends to separate its Materials Technologies business via a spin-off.\nDuring the fourth quarter, we incurred legal and other advisory fees of $7.5 ($.03 per share).\nGain on Previously Held Equity Interest On 30 December 2014, we acquired our partner’s equity ownership interest in a liquefied atmospheric industrial gases production joint venture in North America for $22.6 which increased our ownership from 50% to 100%.\nThe transaction was accounted for as a business combination, and subsequent to the acquisition, the results are consolidated within our Industrial Gases – Americas segment.\nThe assets acquired, primarily plant and equipment, were recorded at their fair value as of the acquisition date.\nThe acquisition date fair value of the previously held equity interest was determined using a discounted cash flow analysis under the income approach.\nDuring the first quarter of 2015, we recorded a gain of $17.9 ($11.2 after-tax, or $.05 per share) as a result of revaluing our previously held equity interest to fair value as of the acquisition date.\nAdvisory Costs During the fourth quarter of 2013, we incurred legal and other advisory fees of $10.1 ($6.4 after-tax, or $.03 per share) in connection with our response to the rapid acquisition of a large position in shares of our common stock by Pershing Square Capital Management LLC and its affiliates.\nOther Income (Expense), Net Items recorded to other income (expense), net arise from transactions and events not directly related to our principal income earning activities.\nThe detail of other income (expense), net is presented in Note 24, Supplemental Information, to the consolidated financial statements.2015 vs.  2014 Other income (expense), net of $47.3 decreased $5.5.\nThe current year includes a gain of $33.6 ($28.3 after-tax, or $.13 per share) resulting from the sale of two parcels of land.\nThe gain was partially offset by unfavorable foreign exchange impacts and lower gains on other sales of assets and emissions credits.\nNo other individual items were significant in comparison to the prior year.2014 vs.  2013 Other income (expense), net of $52.8 decreased $17.4, primarily due to higher gains from the sale of a number of small assets and investments, higher government grants, and a favorable commercial contract settlement in 2013.\nOtherwise, no individual items were significant in comparison to 2013."}
{"_id": "d8b0c0ca8", "title": "", "text": "Table 5 CHANGES IN INTEREST INCOME AND EXPENSE(a)"}
{"_id": "d8d2ea43c", "title": "", "text": "| Cash and temporary investments $5 | Accounts and notes receivable | Inventory | Other current assets | Plants, properties and equipment | Investments | Total assets acquired | Notes payable and current maturities of long-term debt | Accounts payable and accrued liabilities | Deferred income tax liability | Postretirement and postemployment benefit obligation | Total liabilities assumed | Noncontrolling interest | Net assets acquired |"}
{"_id": "d8f7e6cc2", "title": "", "text": "Note 13  Securities financing activities JPMorgan Chase enters into resale agreements, repurchase agreements, securities borrowed transactions and securities loaned transactions, primarily to finance the Firms inventory positions, acquire securities to cover short positions and settle other securities obligations.\nThe Firm also enters into these transactions to accommodate customers needs.\nResale agreements and repurchase agreements are generally treated as collateralized financing transactions carried on the Consolidated Balance Sheets at the amounts the securities will be subsequently sold or repurchased, plus accrued interest.\nOn January 1, 2007, pursuant to the adoption of SFAS 159, the Firm elected fair value measurement for certain resale and repurchase agreements.\nIn 2008, the Firm elected fair value measurement for certain newly transacted securities borrowed and securities lending agreements.\nFor a further discussion of SFAS 159, see Note 5 on pages 156158 of this Annual Report.\nThe securities financing agreements for which the fair value option was elected continue to be reported within securities purchased under resale agreements; securities loaned or sold under repurchase agreements; securities borrowed; and other borrowed funds on the Consolidated Balance Sheets.\nGenerally, for agreements carried at fair value, current-period interest accruals are recorded within interest income and interest expense, with changes in fair value reported in principal transactions revenue.\nHowever, for financial instruments containing embedded derivatives that would be separately accounted for in accordance with SFAS 133, all changes in fair value, including any interest elements, are reported in principal transactions revenue.\nWhere appropriate, resale and repurchase agreements with the same counterparty are reported on a net basis in accordance with FIN 41.\nJPMorgan Chase takes possession of securities purchased under resale agreements.\nOn a daily basis, JPMorgan Chase monitors the market value of the underlying collateral, primarily U. S.  and non-U.\nS.  government and agency securities, that it has received from its counterparties, and requests additional collateral when necessary.\nTransactions similar to financing activities that do not meet the SFAS 140 definition of a repurchase agreement are accounted for as buys and sells rather than financing transactions.\nThese transactions are accounted for as a purchase (sale) of the underlying securities with a forward obligation to sell (purchase) the securities.\nThe forward purchase (sale) obligation, a derivative, is recorded on the Consolidated Balance Sheets at its fair value, with changes in fair value recorded in principal transactions revenue."}
{"_id": "d8dc39fec", "title": "", "text": "1 Amounts represent maturity at par.\nHolders of our 4.25% Convertible Senior Notes due 2023 may require us to repurchase their Notes for cash at par in March 2012 and holders of our 4.75% Convertible Senior Notes due 2023 may require us to repurchase their Notes for cash, stock or a combination, at our election, at par in March 2013.\nAll of these Notes will mature in 2023 if not converted or repurchased.\nNotes to Consolidated Financial Statements(Continued) (Amounts in Millions, Except Per Share Amounts) Sales of Businesses and Investments  Primarily includes realized gains and losses relating to the sales of businesses, cumulative translation adjustment balances from the liquidation of entities and sales of marketable securities and investments in publicly traded and privately held companies in our Rabbi Trusts.\nDuring 2009, we realized a gain of $15.2 related to the sale of an investment in our Rabbi Trusts, which was partially offset by losses realized from the sale of various businesses.\nLosses in 2007 primarily related to the sale of several businesses within Draftfcb for a loss of $9.3 and charges at Lowe of $7.8 as a result of the realization of cumulative translation adjustment balances from the liquidation of several businesses.\nVendor Discounts and Credit Adjustments  We are in the process of settling our liabilities related to vendor discounts and credits established during the restatement we presented in our 2004 Annual Report on Form 10-K.\nThese adjustments reflect the reversal of certain of these liabilities as a result of settlements with clients or vendors or where the statute of limitations has lapsed.\nLitigation Settlement  During May 2008, the SEC concluded its investigation that began in 2002 into our financial reporting practices, resulting in a settlement charge of $12.0.\nInvestment Impairments  In 2007 we realized an other-than-temporary charge of $5.8 relating to a $12.5 investment in auction rate securities, representing our total investment in auction rate securities.\nSee Note 12 for further information.\nNote 5: Intangible Assets Goodwill Goodwill is the excess purchase price remaining from an acquisition after an allocation of purchase price has been made to identifiable assets acquired and liabilities assumed based on estimated fair values."}
{"_id": "d85e003d8", "title": "", "text": "| (in millions) One basis-point increase inJPMorgan Chase’s credit spread | December 31, 2012 | December 31, 2011 | Fair value measurement | Fair value option | Derivative instruments | Noninterest revenue | Interest income and interest expense | Pension and other postretirement employee benefit plans | Employee stock-based incentives | Securities | Securities financing activities | Loans | Allowance for credit losses | Variable interest entities | Goodwill and other intangible assets | Premises and equipment | Long-term debt | Income taxes | Off–balance sheet lending-related financial instruments, guarantees and other commitments | Litigation |"}
{"_id": "d8f32b124", "title": "", "text": "(1) As national securities exchanges, Cboe Options, C2, BZX, BYX, EDGX, and EDGA are assessed fees pursuant to Section 31 of the Exchange Act.\nSection 31 fees are assessed on the notional value traded and are designed to recover the costs to the government of supervision and regulation of securities markets and securities professionals.\nSection 31 fees are"}
{"_id": "d8b13a4e0", "title": "", "text": "Equity Earnings - GPIP International Paper recorded equity earnings of $46 million on its 20.5% ownership position in GPIP in 2018.\nThe Company received cash dividends from the investment of $25 million in 2018."}
{"_id": "d8edb9862", "title": "", "text": "Cost of services increased by $50.2 million, or 9.0%, for the year ended December 31, 2014 as compared to the year ended December 31, 2013, driven by increased commission expense resulting from higher sales and lease transaction revenue as well as a concentration of commissions among higher producing professionals in Australia and Japan.\nHigher salaries and related costs associated with our property and facilities management contracts also contributed to an increase in cost of services during the year ended December 31, 2014.\nForeign currency translation had a $26.7 million positive impact on cost of services during the year ended December 31, 2014.\nCost of services as a percentage of revenue decreased to 62.7% for the year ended December 31, 2014 from 63.8% for the year ended December 31, 2013, primarily driven by higher transaction revenue during 2014 in certain countries that have a significant fixed cost compensation structure."}
{"_id": "d82ba71d4", "title": "", "text": "| 2006 2005 | Rental Expenses: | Office | Industrial | Other | Total | Real Estate Taxes: | Office | Industrial | Other | Total |"}
{"_id": "d8a73ef5e", "title": "", "text": "| Number of Aggregates Operating Facilities1 | Reserves (billions of tons) | By Division: | Florida Rock | Mideast | Midsouth | Midwest | Southeast | Southern & Gulf Coast | Southwest | Western | Total |"}
{"_id": "d8b2fbc02", "title": "", "text": "Total Corporation investment banking fees of $5.6 billion, excluding self-led deals, included within Global Banking and Global Markets, decreased eight percent in 2015 compared to 2014 driven by lower debt and equity issuance fees, partially offset by higher advisory fees.\nUnderwriting fees for debt products declined primarily as a result of lower debt issuance volumes mainly in leveraged finance transactions."}
{"_id": "d8b6118f6", "title": "", "text": "| One-Percentage-Point Increase One-Percentage-Point Decrease | Effect on total of postretirement service and interest cost | Effect on postretirement benefit obligation |"}
{"_id": "d8f38c230", "title": "", "text": "| December 31, 2010 | Less than 12 Months | Estimated | Fair | Value | (In millions, except number of securities) | Fixed Maturity Securities: | U.S. corporate securities | Foreign corporate securities | RMBS | Foreign government securities | U.S. Treasury, agency and government guaranteed securities | CMBS | ABS | State and political subdivision securities | Other fixed maturity securities | Total fixed maturity securities | Equity Securities: | Common stock | Non-redeemable preferred stock | Total equity securities | Total number of securities in an unrealized loss position | December 31, 2009 | Less than 12 Months | Estimated | Fair | Value | (In millions, except number of securities) | Fixed Maturity Securities: | U.S. corporate securities | Foreign corporate securities | RMBS | Foreign government securities | U.S. Treasury, agency and government guaranteed securities | CMBS | ABS | State and political subdivision securities | Other fixed maturity securities | Total fixed maturity securities | Equity Securities: | Common stock | Non-redeemable preferred stock | Total equity securities | Total number of securities in an unrealized loss position | Years Ended December 31, | 2010 | (In millions) | Stock Options | Performance Shares -1 | Restricted Stock Units | Total compensation expenses related to the Incentive Plans | Income tax benefits |"}
{"_id": "d8f304024", "title": "", "text": "| Year Ended December 31 | 2006 | (In thousands) | Revenues | Expenses | Income taxes (benefit) | Net income (loss) |"}
{"_id": "d8e4da7d2", "title": "", "text": "| Years Ended December 31, | 2007 | Expected volatility-1 | Expected term (years)(2) | Risk free interest rate-3 | Expected dividend yield-4 | Option grant price | Option grant-date fair value |"}
{"_id": "d8e4ea5ce", "title": "", "text": "| December 31, | 2014 | CarryingValue | (In millions) | Office | Apartment | Retail | Industrial | Hotel | Land | Real estate investment funds | Agriculture | Other | Total real estate and real estate joint ventures |"}
{"_id": "d8ca63b9c", "title": "", "text": "On November 1, 2010 (the \nAcquisition Date\n), MetLife, Inc.  completed the acquisition of American Life Insurance Company (\nAmerican Life\n) from AM Holdings LLC (formerly known as ALICO Holdings LLC) (\nAM Holdings\n), a subsidiary of American International Group, Inc.  (\nAIG\n), and Delaware American Life Insurance Company (\nDelAm\n) from AIG (\nAmerican Life, together with DelAm, collectively, \nALICO\n) (the \nAcquisition\n).\nALICO’s fiscal year-end is November 30.\nAccordingly, the Company’s consolidated financial statements reflect the assets and liabilities of ALICO as of November 30, 2011 and 2010, and the operating results of ALICO for the year ended November 30, 2011 and the one month ended November 30, 2010.\nThe assets, liabilities and operating results relating to the Acquisition are included in the Japan and Other International Regions segments.\nPrior year results have been adjusted to conform to the current year presentation of segments.\nSee Note 2 of the Notes to the Consolidated Financial Statements.\nWe continue to experience an increase in market share and sales in several of our businesses; however, the general economic conditions, including the high levels of unemployment, negatively impacted the demand for certain of our products.\nPortfolio growth in response to the higher sales levels drove improved investment results despite lower yields experienced in connection with the continued decline in interest rates in 2011.\nThe declining interest rate environment, however, also generated significant derivative gains in 2011.\nCurrent year results were negatively impacted by severe weather, including the earthquake and tsunami in Japan in the first quarter, record numbers of tornadoes in the second quarter and Hurricane Irene in the third quarter."}
{"_id": "d8b837fd6", "title": "", "text": "Notes to Consolidated Financial Statements Derivatives with Credit-Related Contingent Features Certain of the firms derivatives have been transacted under bilateral agreements with counterparties who may require the firm to post collateral or terminate the transactions based on changes in the firms credit ratings.\nThe firm assesses the impact of these bilateral agreements by determining the collateral or termination payments that would occur assuming a downgrade by all rating agencies.\nA downgrade by any one rating agency, depending on the agencys relative ratings of the firm at the time of the downgrade, may have an impact which is comparable to the impact of a downgrade by all rating agencies.\nThe table below presents the aggregate fair value of net derivative liabilities under such agreements (excluding application of collateral posted to reduce these liabilities), the related aggregate fair value of the assets posted as collateral, and the additional collateral or termination payments that could have been called at the reporting date by counterparties in the event of a one-notch and two-notch downgrade in the firms credit ratings."}
{"_id": "d86f0e92c", "title": "", "text": "Net Periodic Pension Benefit Costs We recorded net periodic pension benefit expense of $35.7 million in 2010.\nThe decrease from 2009 was primarily due to the significant increase in the value of pension assets reflecting the actual return on pension\nInsurance and Annuities Products Asset/Liability Management We seek to maintain interest rate and equity exposures within established ranges, which we periodically adjust based on market conditions and the design of related products sold to customers.\nOur risk managers establish investment risk limits for exposures to any issuer, geographic region, type of security or industry sector and oversee efforts to manage interest rate and equity exposure risk, as well as credit, liquidity and other risks, all within policy constraints set by management and approved by the Investment Committee of the Board of Directors.\nFor additional information regarding the management of our general account investments and our asset mix strategies, see Managements Discussion and Analysis of Financial Condition and Results of OperationsRealized Investment Gains and Losses and General Account InvestmentsGeneral Account InvestmentsManagement of Investments.\n We use duration and convexity analyses to measure price sensitivity to interest rate changes.\nDuration measures the relative sensitivity of the fair value of a financial instrument to changes in interest rates.\nConvexity measures the rate of change of duration with respect to changes in interest rates.\nWe use asset/liability management and derivative strategies to manage our interest rate exposure by legal entity by matching the relative sensitivity of asset and liability values to interest rate changes, or controlling duration mismatch of assets and liabilities.\nWe have target duration mismatch constraints by segment for each insurance entity.\nIn certain markets, primarily outside the U. S. , capital market limitations that hinder our ability to acquire assets that closely approximate the duration of some of our liabilities are considered in setting the constraint limits.\nAs of December 31, 2009 and 2008, the difference between the pre-tax duration of assets and the target duration of liabilities in our duration managed portfolios was within our constraint limits.\nWe consider risk-based capital and tax implications as well as current market conditions in our asset/liability management strategies.\nWe also perform portfolio stress testing as part of our U. S.  regulatory cash flow for major product lines that are subject to risk from changes in interest rates.\nIn this testing, we evaluate the impact of altering our interest-sensitive assumptions under various adverse interest rate environments.\nThese interest-sensitive assumptions relate to the timing and amount of redemptions and prepayments of fixed-income securities and lapses and surrenders of insurance products and the potential impact of any guaranteed minimum interest rates.\nWe evaluate any shortfalls that this cash flow testing reveals to determine if we need to increase statutory reserves or adjust portfolio management strategies.\nMarket Risk Related to Interest Rates Our other than trading assets that subject us to interest rate risk include primarily fixed maturity securities, commercial mortgage and other loans and policy loans.\nIn the aggregate, the carrying value of these assets represented 78% of our consolidated assets, other than assets that we held in separate accounts, as of December 31, 2009 and 73% as of December 31, 2008.\nWith respect to other than trading liabilities, we are exposed to interest rate risk through policyholder account balances relating to interest-sensitive life insurance, annuity and other investment-type contracts, collectively referred to as investment contracts, and through outstanding short-term and long-term debt.\nWe assess interest rate sensitivity for other than trading financial assets, financial liabilities and derivatives using hypothetical test scenarios that assume either upward or downward 100 basis point parallel shifts in the yield curve from prevailing interest rates, reflecting changes in either credit spreads or the risk-free rate.\nThe following tables set forth the net estimated potential loss in fair value from a hypothetical 100 basis point upward shift as of December 31, 2009 and 2008, because this scenario results in the greatest net exposure to interest rate risk of the hypothetical scenarios tested at those dates.\nWhile the test scenario is for illustrative purposes only and does not reflect our expectations regarding future interest rates or the performance of fixed-income markets, it is a near-term, reasonably possible hypothetical change that illustrates the potential impact of such events.\nThese test scenarios do not measure the changes in value that could result from non-parallel shifts in the yield curve, which we would expect to produce different changes in discount rates for different maturities.\nAs a result, the actual loss in fair value from a 100 basis point change in interest rates could be different from that indicated by these calculations."}
{"_id": "d8d3d345c", "title": "", "text": "| Payments Due by Period | December 31, 2009 | (In millions) | Debt (a) | Operating leases | Claim and claim expense reserves (b) | Future policy benefits reserves (c) | Policyholder funds reserves (c) | Purchase and other obligations (d) | Pipeline capacity agreements (e) | Total (f) |"}
{"_id": "d8c56f1c2", "title": "", "text": "| December 31, 2018 December 31, 2017 | Industry-1 | (in millions) | Corporate securities: | Finance | Consumer non-cyclical | Utility | Capital goods | Consumer cyclical | Foreign agencies | Energy | Communications | Basic industry | Transportation | Technology | Industrial other | Total corporate securities | Foreign government-3 | Residential mortgage-backed-4 | Asset-backed | Commercial mortgage-backed | U.S. Government | State & Municipal | Total-5 |"}
{"_id": "d8e65de6a", "title": "", "text": "Option valuation models require the input of highly subjective assumptions.\nIn managements opinion, existing models do not necessarily provide a reliable single measure of the fair value of the Companys stock options, as changes in subjective input assumptions can significantly affect the fair value estimate."}
{"_id": "d876af618", "title": "", "text": "Other operating and administrative expenses increased slightly in 2015 due to increased expenses associated with our larger film slate.\nOther operating and administrative expenses increased in 2014 primarily due to the inclusion of Fandango, which was previously presented in our Cable Networks segment.\nAdvertising, Marketing and Promotion Expenses Advertising, marketing and promotion expenses consist primarily of expenses associated with advertising for our theatrical releases and the marketing of our films on DVD and in digital formats.\nWe incur significant marketing expenses before and throughout the release of a film in movie theaters.\nAs a result, we typically incur losses on a film prior to and during the films exhibition in movie theaters and may not realize profits, if any, until the film generates home entertainment and content licensing revenue.\nThe costs associated with producing and marketing films have generally increased in recent years and may continue to increase in the future.\nAdvertising, marketing and promotion expenses increased in 2015 primarily due to higher promotional costs associated with our larger 2015 film slate and increased advertising expenses for Fandango.\nAdvertising, marketing and promotion expenses decreased in 2014 primarily due to fewer major film releases compared to 2013."}
{"_id": "d81143b4e", "title": "", "text": "| Years ended December 31, 2017 2016 2015 | Revenues | % of total company revenues | Earnings from operations | Operating margins | Research and development |"}
{"_id": "d8648986c", "title": "", "text": "Bristol-Myers Squibb 22 Income Taxes The effective income tax rate on earnings from continuing operations before income taxes and minority interest was 24.1% in 2008, compared with 21.4% in 2007 and 20.7% in 2006.\nThe increase in the 2008 effective tax rate from 2007 was primarily due to higher pre-tax income in the U. S. , including the gain on sale of ImClone, and earnings mix in high tax jurisdictions in 2008.\nPartially off-setting these impacts were lower non-deductible charges in 2008 for acquired in-process research and development expenses and lower ARS impairment charges with little or no tax benefit.\nThe tax rate in 2008 was favorably impacted by a benefit of $91 million of tax related to the final settlement of the 2002-2003 audit with the Internal Revenue Service.\nThe 2007 tax rate was unfavorably impacted by the impairment on the Company’s investment in certain ARS with little tax benefit and the non-deductible write-off of acquired in-process research and development expenses related to the acquisition of Adnexus, partially offset by a tax benefit of $105 million in the first quarter of 2007 due to the favorable resolution of certain tax matters with the Internal Revenue Service related to the deductibility of litigation settlement expenses and U.\nS foreign tax credits claimed.\nThe effective tax rate for 2006 was unfavorably impacted by the elimination of tax benefits under Section 936 of the Internal Revenue Code, the treatment of provisions for a portion of certain litigation reserves as non-deductible, partially offset by favorable U. S.  tax legislation enacted in 2006 related to the tax treatment of certain intercompany transactions amongst the Company’s foreign subsidiaries, and the implementation of tax planning strategies related to the utilization of certain charitable contributions.\nThe Company has recognized significant deferred tax assets at December 31, 2008 related to U. S.  Federal foreign tax credit carryforwards of approximately $451 million and U. S.  Federal research and development tax credit carryforwards of approximately $271 million.\nThe U. S.  Federal charitable contribution carryforwards were fully utilized during 2008 due to gains related to the ConvaTec and Medical Imaging divestitures, while the foreign tax credit and research and development tax credit carryforwards expire in varying amounts beginning in 2014.\nThe foreign tax credit and research and development tax credit carryforwards have been reduced due to derecognition under FIN No.48.\nThe ConvaTec and Medical Imaging divestitures have resulted in a significant reduction to the foreign tax credit and research and development tax credit carryforwards in 2008.\nThe realization of the foreign tax credit and research and development tax credit carryforwards is dependent on generating sufficient domestic-sourced taxable income prior to their expiration.\nAlthough realization is not assured, management believes it is more likely than not that these deferred tax assets will be realized.\nMinority Interest Minority interest is primarily related to the Company’s partnership with Sanofi for the territory covering the Americas related to Plavix sales.\nIncreases of minority interest correspond to the increased sales of Plavix."}
{"_id": "d898dd9a6", "title": "", "text": "| Years ended December 31(millions, except percentage data) 2015 2014 2013 | Revenue | Operating income | Operating margin |"}
{"_id": "d8c2c6c9a", "title": "", "text": "| Year ended December 31, 2007(in millions) 2007 | Loans | Other assets | Accounts payable, accrued expense and other liabilities | Total nonrecurring fair value gains (losses) |"}
{"_id": "d88c3569a", "title": "", "text": "need to be met in order for any repurchase claim to be asserted by investors.\nIn 2011, there was an increase in repurchase claims from private-label securitization trustees that meet the required standards.\nDuring 2011, the Corporation received $2.1 billion of such repurchase claims.\nIn addition, there has been an increase in requests for loan files from private-label securitization trustees, as well as requests for tolling agreements to toll the applicable statutes of limitation relating to representations and warranties claims, and the Corporation believes it is likely that these requests will lead to an increase in repurchase claims from private-label securitization trustees that meet required standards.\nThe representations and warranties, as governed by the private-label securitization agreements, generally require that counterparties have the ability to both assert a claim and actually prove that a loan has an actionable defect under the applicable contracts.\nWhile the Corporation believes the agreements for private-label securitizations generally contain less rigorous representations and warranties and place higher burdens on investors seeking repurchases than the express provisions of comparable agreements with the GSEs without regard to any variations that may have arisen as a result of dealings with the GSEs, the agreements generally include a representation that underwriting practices were prudent and customary.\nDuring 2010, the Corporation received claim demands totaling $1.7 billion from private-label securitization investors in the Covered Trusts.\nNon-GSE investors generally do not have the contractual right to demand repurchase of the loans directly or the right to access loan files.\nThe inclusion of the $1.7 billion in outstanding claims, as reflected in the table on page 202, does not mean that the Corporation believes these claims have satisfied the contractual thresholds required for the private-label securitization investors to direct the securitization trustee to take action or that these claims are otherwise procedurally or substantively valid.\nOne of these claimants has filed litigation against the Corporation relating to certain of these claims; the claims in this litigation would be extinguished if there is final court approval of the BNY Mellon Settlement."}
{"_id": "d8a6068bc", "title": "", "text": "| As a percentage of average corporate loans 0.17% 0.08% 0.11% 0.09% 0.11% | Allowance for loan losses at end of period-13 | Citicorp | Citi Holdings | Total Citigroup | Allowance by type | Consumer | Corporate | Total Citigroup |"}
{"_id": "d820d0562", "title": "", "text": "| (in millions) Corporate Public Other Headquarters Total | 2015: | Net sales | Income (loss) from operations | Depreciation and amortization expense | 2014: | Net sales | Income (loss) from operations | Depreciation and amortization expense | 2013: | Net sales | Income (loss) from operations(1) | Depreciation and amortization expense |"}
{"_id": "d8f2d7894", "title": "", "text": "| Year ended December 31 (in millions) 2015 2014 2013 % Change 2014 to 2015 % Change 2013 to 2014 | Cable Communications | NBCUniversal | Corporate and Other | Comcast Consolidated |"}
{"_id": "d8870b408", "title": "", "text": "| Credit valuation adjustment Contra-liability (contra-asset) | December 31, | In millions of dollars | Non-monoline counterparties | Citigroup (own) | Net non-monoline CVA | Monoline counterparties-1 | Total CVA—derivative instruments |"}
{"_id": "d8a606ab0", "title": "", "text": "| December 31, 2016 | Non-agency-sponsored mortgages-1 | U.S. agency-sponsored mortgages | Discount rate | Weighted average discount rate | Constant prepayment rate | Weighted average constant prepayment rate | Anticipated net credit losses-2 | Weighted average anticipated net credit losses | Weighted average life |"}
{"_id": "d87e7de9e", "title": "", "text": "The Corporate & Other segment consists of net investment income or loss on corporate level assets, including excess capital held in the Company’s subsidiaries and other unallocated equity and other revenues as well as unallocated corporate expenses.\nThe Corporate & Other segment also includes revenues and expenses of consolidated investment entities, which are excluded on an operating basis.\nManagement uses segment operating measures in goal setting, as a basis for determining employee compensation and in evaluating performance on a basis comparable to that used by some securities analysts and investors.\nConsistent with GAAP accounting guidance for segment reporting, operating earnings is the Company’s measure of segment performance.\nOperating earnings should not be viewed as a substitute for GAAP income from continuing operations before income tax provision.\nThe Company believes the presentation of segment operating earnings, as the Company measures it for management purposes, enhances the understanding of its business by reflecting the underlying performance of its core operations and facilitating a more meaningful trend analysis.\nOperating earnings is defined as operating net revenues less operating expenses.\nOperating net revenues and operating expenses exclude the results of discontinued operations, the market impact on IUL benefits (net of hedges and the related DAC amortization, unearned revenue amortization, and the reinsurance accrual), integration and restructuring charges and the impact of consolidating investment entities.\nOperating net revenues also exclude net realized gains or losses.\nOperating expenses also exclude the market impact on variable annuity guaranteed benefits (net of hedges and the related DSIC and DAC amortization).\nThe market impact on variable annuity guaranteed benefits and IUL benefits includes changes in embedded derivative values caused by changes in financial market conditions, net of changes in economic hedge values and unhedged items including the difference between assumed and actual underlying separate account investment performance, fixed income credit exposures, transaction costs and certain policyholder contract elections, net of related impacts on DAC and DSIC amortization.\nThe market impact also includes certain valuation adjustments made in accordance with FASB Accounting Standards Codification 820, Fair Value Measurements and Disclosures, including the impact on embedded derivative values of discounting projected benefits to reflect a current estimate of the Company’s life insurance subsidiary’s nonperformance spread.\nIntegration and restructuring charges primarily relate to the Company’s acquisition of the long-term asset management business of Columbia Management Group on April 30, 2010.\nThe costs include system integration costs, proxy and other regulatory filing costs, employee reduction and retention costs and investment banking, legal and other acquisition costs.\nBeginning in the second quarter of 2012, integration and restructuring charges also include expenses related to the Company’s transition of its federal savings bank subsidiary, Ameriprise Bank, FSB, to a limited powers national trust bank."}
{"_id": "d8a49a23a", "title": "", "text": "| Three Months Ended | Mar 31,   2006 | (In billions) | (Unaudited) | Trading Volume Data | U.S. high-grade— multi dealer | U.S. high-grade — single dealer | Total U.S. high-grade | European high-grade | Other | Total | Three Months Ended | March 31,   2006 | (Unaudited) | Average Fee Per Million | U.S. high-grade | Total | Variable | European high-grade | Total | Variable | Other | All Products | Number of U.S. trading days | Number of U.K. trading days |"}
{"_id": "d86ed2d28", "title": "", "text": "| Global Generation Portfolio(a)(In MW) | NRG Business | Generation Type | Natural gas(e) | Coal(f) | Oil(g) | Nuclear | Wind | Utility Scale Solar | Distributed Solar | Total generation capacity | Capacity attributable to noncontrolling interest | Total net generation capacity |"}
{"_id": "d8b190bd8", "title": "", "text": "| December 31 | 2007 | (Dollars in millions) | Financial assets | Loans-1 | Financial liabilities | Deposits | Long-term debt | December 31 | (Dollars in millions) | Total loans and leases | Total earning assets-1 | Total assets-1 | Total deposits |"}
{"_id": "d8bd4bb94", "title": "", "text": "| Sales Volumes Average Realized Sales Prices | Crude Oil & Condensate (MBpd) | Year Ended December 31, 2009 | United States-2 | Equatorial Guinea-3 | Israel | North Sea | Ecuador-4 | China | Total Consolidated Operations | Equity Investees-5 | Total | Year Ended December 31, 2008 | United States-2 | Equatorial Guinea-3 | Israel | North Sea | Ecuador-4 | China | Total Consolidated Operations | Equity Investees-5 | Total | Year Ended December 31, 2007 | United States-2 | Equatorial Guinea-3 | Israel | North Sea | Ecuador-4 | China | Argentina | Total Consolidated Operations | Equity Investees-5 | Total |"}
{"_id": "d82787a22", "title": "", "text": "| Shares Issued Treasury Shares Shares Outstanding | Balance at December 29, 2013 | Exercise of stock options, issuance of other stock awards, and other | Balance at December 28, 2014 | Exercise of warrants | Issuance of common stock to Sponsors | Acquisition of Kraft Foods Group, Inc. | Exercise of stock options, issuance of other stock awards, and other | Balance at January 3, 2016 | Exercise of stock options, issuance of other stock awards, and other | Balance at December 31, 2016 |"}
{"_id": "d8cb62b6a", "title": "", "text": "| 2005 2004 | (Millions) | Dealer remarketable securities | Convertible note | Long-term debt (excluding Convertible note in 2005) |"}
{"_id": "d8dcdc72e", "title": "", "text": "| (Dollars in millions) Super Senior CDOs Other Guaranteed Positions Total | Notional | Mark-to-market or guarantor receivable | Credit valuation adjustment | Total | Credit valuation adjustment % | (Write-downs) gains during 2009 |"}
{"_id": "d8afb089a", "title": "", "text": "| Amount (in millions) Days | 2018 | Trade Receivables | Inventories | Accounts Payable |"}
{"_id": "d8f529aca", "title": "", "text": "Item 4.\nReserved.\nNot applicable.\nPART II Item 5.\nMarket for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.\nMarket Information Our common stock is traded on the New York Stock Exchange under the ticker symbol BBY.\nThe table below sets forth the high and low sales prices of our common stock as reported on the New York Stock Exchange — Composite Index during the periods indicated."}
{"_id": "d8829b0ee", "title": "", "text": "| (Dollars in millions, except as noted) 2011 2010 | Loan production | CRES: | First mortgage | Home equity | Total Corporation-1: | First mortgage | Home equity | Year end | Mortgage servicing portfolio (in billions)(2, 3) | Mortgage loans serviced for investors (in billions)(3) | Mortgage servicing rights: | Balance | Capitalized mortgage servicing rights(% of loans serviced for investors) |"}
{"_id": "d8ae7115a", "title": "", "text": "Item 14.\nPrincipal Accountant Fees and Services The information required by Item 14 appearing under the caption Certain Committees of the Board, in the companys proxy statement to be filed pursuant to Regulation 14A within 120 days after December 31, 2006, is incorporated herein by reference.\n?\nSFAS Statement No.159 In February 2007, the FASB issued Statement of Financial Accounting Standards No.159, The Fair Value Option for Financial Assets and Financial Liabilities (SFAS No.159).\nSFAS No.159 permits entities to voluntarily choose to measure many fi nancial instruments and certain other items at fair value.\nSFAS No.159 is effective beginning January 1, 2008.\nThe Company has decided not to adopt this optional standard.  ?\nSFAS Statement No.141(R) In December 2007, the FASB issued Statement of Financial Accounting Standards No.141(R), Business Combinations (SFAS No.141(R)).\nSFAS No.141(R) requires the acquiring entity in a business combination to record all assets acquired and liabilities assumed at their respective acquisition-date fair values, changes the recognition of assets acquired and liabilities assumed arising from preacquisition contingencies, and requires the expensing of acquisition-related costs as incurred.\nSFAS No.141(R) applies prospectively to business combinations for which the acquisition date is on or after January 1, 2009.\nWe do not expect the adoption of SFAS No.141(R) to have a signifi cant impact on our consolidated fi nancial statements.  ?\nSFAS Statement No.160 In December 2007, the FASB issued Statement of Financial Accounting Standards No.160, Noncontrolling Interests in Consolidated Financial Statements (an amendment of Accounting Research Bulletin (ARB 51)) (SFAS No.160).\nSFAS No.160 amends ARB 51 to establish accounting and reporting standards for the noncontrolling interest in a subsidiary and for the deconsolidation of a subsidiary.\nSFAS No.160 becomes effective beginning January 1, 2009 and is required to be adopted prospectively, except for the reclassifi cation of noncontrolling interests to equity and the recasting of net income (loss) attributable to both the controlling and noncontrolling interests, which are required to be adopted retrospectively.\nWe do not expect the adoption of SFAS No.160 to have a signifi cant impact on our consolidated fi nancial statements."}
{"_id": "d8a2da2c4", "title": "", "text": "Valuation adjustments are primarily recorded in other non-interest expense; adjustments are also recorded as a charge to the allowance for loan losses if incurred within 60 days after the date of transfer from loans.\nValuation adjustments are primarily post-foreclosure write-downs that are a result of continued declining property values based on updated appraisals or other indications of value, such as offers to purchase.\nForeclosed property sold represents the net book value of the properties sold.\nOther Assets Other assets decreased $675 million to $8.7 billion as of December 31, 2011.\nSecurities sold but not yet settled near the end of 2010 primarily drove the decrease.\nReduced foreclosed properties, deferred tax and prepaid expense balances also contributed to the year-over-year decrease.\nThe decreases were partially offset by increased derivative asset balances.\nDeposits Regions competes with other banking and financial services companies for a share of the deposit market.\nRegions ability to compete in the deposit market depends heavily on the pricing of its deposits and how effectively the Company meets customers needs.\nRegions employs various means to meet those needs and enhance competitiveness, such as providing a high level of customer service, competitive pricing and providing convenient branch locations for its customers.\nRegions also serves customers through providing centralized, high-quality banking services and alternative product delivery channels such as internet banking.\nDeposits are Regions primary source of funds, providing funding for 85 percent of average interest-earning assets from continuing operations in 2011 and 82 percent of average interest-earning assets from continuing operations in 2010.\nTable 23 Deposits details year-over-year deposits on a period-ending basis.\nTotal deposits as of year-end 2011 increased $1.0 billion, or 1 percent, compared to year-end 2010.\nThe overall increase in deposits was primarily driven by an increase in non-interest-bearing demand accounts and interest-bearing transaction accounts.\nThese increases were partially offset by decreases in domestic money market accounts and time deposits.\nRegions continues to manage and deepen existing customer relationships, as well as develop new relationships through client acquisition and new checking products.\nCustomer deposits, which exclude deposits used for wholesale funding purposes, increased by 1 percent to $95.6 billion on an ending basis during 2011.\nAn increase in interest-bearing transaction accounts was the main source of the increase, combined with an increase in non-interest-bearing demand accounts.\nA decrease in domestic money market accounts partially offset these increases.\nDue to liquidity in the market, Regions has been able to steadily grow its low-cost customer deposits and reduce its total deposit costs from 1.35 percent in 2009 to 0.78 percent in 2010 and to 0.49 percent in 2011.\nTable 23Deposits"}
{"_id": "d890cdc8e", "title": "", "text": "| income $3,158 $906 $2,231 $1,415 $448 $406 $3,984 $1,115 $2,872 | Weighted average diluted shares outstanding | Income (loss) per common share attributable | to AIG (diluted) | After-tax operating income per | common share attributable to AIG (diluted) | 2008 | Balance at January 1 | Increases related to prior periods | Decreases related to prior periods | Increases related to current period | Decreases related to settlements with taxing authorities | Decreases related to lapse of statue of limitations | Balance at December 31 |"}
{"_id": "d8b40666a", "title": "", "text": "| 2018 2017 2016 | Balance at beginning of fiscal year | Increases | Allowances related to purchase accounting-1 | Reductions | Balance at end of fiscal year |"}
{"_id": "d86aa3f2c", "title": "", "text": "| Derivative receivables Derivative payables | December 31, (in millions) | Gross derivative fair value | Netting adjustment –offsettingreceivables/payables | Netting adjustment – cashcollateral received/paid | Carrying value onConsolidated BalanceSheets |"}
{"_id": "d8a4cf1a6", "title": "", "text": "| Expiration Year | Segment | Senior housing-2: | Properties | Base rent-3 | % of segment base rent | Post-acute/skilled nursing: | Properties | Base rent-3 | % of segment base rent | Life science: | Square feet | Base rent-3 | % of segment base rent | Medical office: | Square feet | Base rent-3 | % of segment base rent | Hospital: | Properties | Base rent-3 | % of segment base rent | Total: | Base rent-3 | % of total base rent |"}
{"_id": "d87c45258", "title": "", "text": "| (in thousands) | Cash paid | Fair value of assumed equity awards allocated to purchase consideration | Total purchase consideration | Goodwill | Identifiable intangibles assets acquired | Cash and other assets acquired | Debt and liabilities assumed | Total purchase allocation |"}
{"_id": "d8681acd8", "title": "", "text": "| As of December 31, | 2015 | Current Assets | Non Current Assets | Total Assets | Current Liabilities | Non Current Liabilities | Total Liabilities | Equity Attributable to: | Noncontrolling Interest |"}
{"_id": "d8caba280", "title": "", "text": "| December 31, 2016 December 31, 2015 | AmortizedCost | (in millions) | Short-term investments and cash equivalents | Fixed maturities: | Corporate securities | Commercial mortgage-backed securities | Residential mortgage-backed securities | Asset-backed securities | Foreign government bonds | U.S. government authorities and agencies and obligations of U.S. states | Total fixed maturities | Equity securities | Total trading account assets supporting insurance liabilities-1 |"}
{"_id": "d869d08e8", "title": "", "text": "| (Millions) 2005 2004 2003 | Change in short-term debt — net | Repayment of debt (maturities greater than 90 days) | Proceeds from debt (maturities greater than 90 days) | Total change in debt | Purchases of treasury stock | Reissuances of treasury stock | Dividends paid to stockholders | Distributions to minority interests and other — net | Net cash used in financing activities |"}
{"_id": "d89cd4c8a", "title": "", "text": "| Fiscal year ended December 29, 2007 Fiscal year ended December 30, 2006 Year over Year | Gross Profit | Outdoor/Fitness | Marine | Automotive/Mobile | Aviation | Total |"}
{"_id": "d86a9001c", "title": "", "text": "Notes to Consolidated Financial Statements Gains and Losses from Market Making and Other Principal Transactions The table below presents, by major product type, the firms Market making and Other principal transactions revenues.\nThese gains/(losses) are primarily related to the firms financial instruments owned, at fair value and financial instruments sold, but not yet purchased, at fair value, including both derivative and non-derivative financial instruments.\nThese gains/(losses) exclude related interest income and interest expense.\nSee Note 23 for further information about interest income and interest expense.\nThe gains/(losses) in the table are not representative of the manner in which the firm manages its business activities because many of the firms market-making, client facilitation, and investing and lending strategies utilize financial instruments across various product types.\nAccordingly, gains or losses in one product type frequently offset gains or losses in other product types.\nFor example, most of the firms longer-term derivatives are sensitive to changes in interest rates and may be economically hedged with interest rate swaps.\nSimilarly, a significant portion of the firms cash instruments and derivatives has exposure to foreign currencies and may be economically hedged with foreign currency contracts."}
{"_id": "d8c5aa1d2", "title": "", "text": "| (Millions of Dollars) Con Edison Con Edison of New York O&R | 2005 | 2006 | 2007 | 2008 | 2009 |"}
{"_id": "d8f5beb34", "title": "", "text": "NOTE 16.  BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION We operate in the packaged foods industry.\nOur operating segments are as follows: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet.\nOur North America Retail operating segment reflects business with a wide variety of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, and e-commerce grocery providers.\nOur product categories in this business segment are ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit and savory snacks, and a wide variety of organic products including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks."}
{"_id": "d8c93dd62", "title": "", "text": "SELLING, GENERAL AND ADMINISTRATIVE"}
{"_id": "d8d569dde", "title": "", "text": "| 2013 Quarters 2012 Quarters | (Dollars in millions) | Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis | Net interest income | Fully taxable-equivalent adjustment | Net interest income on a fully taxable-equivalent basis | Reconciliation of total revenue, net of interest expense to total revenue, net of interest expense on a fully taxable-equivalent basis | Total revenue, net of interest expense | Fully taxable-equivalent adjustment | Total revenue, net of interest expense on a fully taxable-equivalent basis | Reconciliation of income tax expense (benefit) to income tax expense (benefit) on a fully taxable-equivalent basis | Income tax expense (benefit) | Fully taxable-equivalent adjustment | Income tax expense (benefit) on a fully taxable-equivalent basis | Reconciliation of average common shareholders’ equity to average tangible common shareholders’ equity | Common shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible common shareholders’ equity | Reconciliation of average shareholders’ equity to average tangible shareholders’ equity | Shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible shareholders’ equity | Reconciliation of period-end common shareholders’ equity to period-end tangible common shareholders’ equity | Common shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible common shareholders’ equity | Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity | Shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible shareholders’ equity | Reconciliation of period-end assets to period-end tangible assets | Assets | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible assets |"}
{"_id": "d8a606aec", "title": "", "text": "| December 31, 2015 | Non-agency-sponsored mortgages-1 | U.S. agency-sponsored mortgages | Discount rate | Weighted average discount rate | Constant prepayment rate | Weighted average constant prepayment rate | Anticipated net credit losses-2 | Weighted average anticipated net credit losses | Weighted average life |"}
{"_id": "d8e1f7448", "title": "", "text": "| 2016 2015 | (In Millions) | less than 1 year | 1 year - 5 years | 5 years - 10 years | 10 years - 15 years | 15 years - 20 years | 20 years+ | Total |"}
{"_id": "d8ef48f98", "title": "", "text": "As permitted by the Restructuring discussed previously in Note 7, certain of the Companys U. S.  subsidiaries discount certain A&E liabilities, which increased statutory capital and surplus by approximately $215 million, $211 million, and $140 million at December 31, 2009, 2008, and 2007, respectively.\nThe Companys international subsidiaries prepare statutory financial statements based on local laws and regulations.\nSome jurisdictions impose complex regulatory requirements on insurance companies while other jurisdictions impose fewer requirements.\nIn some countries, the Company must obtain licenses issued by governmental authorities to conduct local insurance business.\nThese licenses may be subject to reserves and minimum capital and solvency tests.\nJurisdictions may impose fines, censure, and/or criminal sanctions for violation of regulatory requirements."}
{"_id": "d8afe3f60", "title": "", "text": "The following table presents, by class of loan, the allocation of the allowance for loan losses on originated loans and the percent of loans in each class to total loans:"}
{"_id": "d88043350", "title": "", "text": "Fair Value Measurements We report certain assets and liabilities at fair value; specifically, separate account assets, derivatives, embedded derivatives, properties held by our consolidated property funds, and most investments and cash equivalents.\nFair value assumes the exchange of assets or liabilities occurs in orderly transactions and is not the result of a forced liquidation or distressed sale.\nWe include actual market prices, or observable inputs, in our fair value measurements to the extent available.\nBroker quotes are obtained when quotes from pricing services are not available.\nWe validate prices obtained from third parties through a variety of means such as: price variance analysis, subsequent sales testing, stale price review, price comparison across pricing vendors and due diligence reviews of vendors.\nSee Note 14 to the Consolidated Financial Statements for additional information on our fair value measurements.\nFair Value of Liabilities and Nonperformance Risk Companies are required to measure the fair value of liabilities at the price that would be received to transfer the liability to a market participant (an exit price).\nSince there is not a market for our obligations of our variable annuity riders and indexed universal life insurance, we consider the assumptions participants in a hypothetical market would make to reflect an exit price.\nAs a result, we adjust the valuation of variable annuity riders and indexed universal life insurance by updating"}
{"_id": "d8193ebe6", "title": "", "text": "| Year Ended December 31 2016 2015 | (In millions) | Total assets | Total liabilities | Year Ended December 31 | Revenues | Net income |"}
{"_id": "d88963980", "title": "", "text": "| December 31, | 2007 | Deferred tax assets: | Present value of future policy surrender charges | Carryover of nonlife net operating losses | Unrealized investment losses | Other assets and other liabilities, principally due to the current nondeductibility of certain accrued expenses for tax purposes | Total gross deferred tax assets | Deferred tax liabilities: | Unrealized investment gains | Deferred acquisition costs | Future policy benefits, unearned and advance premiums, and policy claims | Other | Total gross deferred tax liabilities | Net deferred tax liability |"}
{"_id": "d8abb32e2", "title": "", "text": "Common Stock Repurchases The Companys common stock repurchase program has been in place since August 2004.\nIn the aggregate, the Board of Directors has authorized the Company to repurchase $6.2 billion of the Companys common stock under the program.\nThe Company may repurchase outstanding shares of its common stock from time to time in the open market and through privately negotiated transactions.\nUnless terminated earlier by resolution of the Companys Board of Directors, the repurchase program will expire when the Company has repurchased all shares authorized under the program.\nAs of October 29, 2016, the Company had repurchased a total of approximately 147.0 million shares of its common stock for approximately $5.4 billion under this program.\nAn additional $792.5 million remains available for repurchase of shares under the current authorized program.\nThe repurchased shares are held as authorized but unissued shares of common stock.\nAs a result of the Company's planned acquisition of Linear Technology Corporation, see Note 6, Acquisitions, of these Notes to Consolidated Financial Statements, the Company temporarily suspended the common stock repurchase plan in the third quarter of 2016.\nThe Company also, from time to time, repurchases shares in settlement of employee minimum tax withholding obligations due upon the vesting of restricted stock units or the exercise of stock options.\nThe withholding amount is based on the employees minimum statutory withholding requirement.\nAny future common stock repurchases will be dependent upon several factors, including the Company's financial performance, outlook, liquidity and the amount of cash the Company has available in the United States.\nPreferred Stock The Company has 471,934 authorized shares of $1.00 par value preferred stock, none of which is issued or outstanding.\nThe Board of Directors is authorized to fix designations, relative rights, preferences and limitations on the preferred stock at the time of issuance."}
{"_id": "d8be6bc68", "title": "", "text": "| Entity Company Action Level RBC TotalAdjusted Capital % of Company Action Level RBC | (in millions, except percentages) | RiverSource Life | RiverSource Life of NY | IDS Property Casualty | Ameriprise Insurance Company |"}
{"_id": "d88c78ddc", "title": "", "text": "| December 31, | 2005 | Other current assets | Insurance recoveries for asbestos related liabilities | $1,473 | Accrued liabilities | Asbestos related liabilities | $2,069 |"}
{"_id": "d887d2ef4", "title": "", "text": "STERIS PLC AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (dollars in thousands, except per share amounts and as noted) Additional Authorized Shares STERIS PLC AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (dollars in thousands, except per share amounts and as noted) Additional Authorized Shares STERIS Ireland has an additional authorized share capital of 50,000,000 preferred shares of $0.001 each, plus ¬25,000 divided into 25,000 deferred ordinary shares of ¬1.00 each, in order to satisfy minimum statutory capital requirements for all Irish public limited companies.13.\nREPURCHASE OF ORDINARY SHARES On August 9, 2016, STERIS UK announced that its Board of Directors had authorized the purchase of up to $300 million (net of taxes, fees and commissions) of our ordinary shares.\nWe repurchased 651,093 of our ordinary shares during fiscal 2019 for the amount of $72,082, excluding taxes, fees and commissions.\nWe repurchased 664,963 of our ordinary shares during fiscal 2018 for the amount of $58,939, excluding taxes, fees and commissions.\nAs a result of the Redomiciliation that share repurchase authorization terminated.\nOn May 7, 2019, our Board of Directors authorized the continuation of the share repurchase program by STERIS Ireland.\nThere is approximately $80,000 (net of taxes, fees and commissions) of remaining availability under the authorization.\nUnder the authorization, the Company may repurchase its shares from time to time through open market purchases, including 10b5-1 plans.\nThe repurchase program may be suspended or discontinued at any time.\nWe obtained 112,356 of our shares during fiscal 2019 in the aggregate amount of $8,262 in connection with stock based compensation award programs.\nWe obtained 127,903 of our shares during fiscal 2018 in the aggregate amount of $7,014 in connection with these programs.\nWe obtained 168,906 of our shares during fiscal 2017 in the aggregate amount of $7,034 in connection with these programs.14.\nSHARE-BASED COMPENSATION We maintain a long-term incentive plan that makes available shares for grants, at the discretion of the Compensation and Organization Development Committee of the Board of Directors, or the Board of Directors, to officers, directors, and key employees in the form of stock options, restricted shares, restricted share units, stock appreciation rights and share grants.\nWe satisfy share award incentives through the issuance of new ordinary shares.\nStock options provide the right to purchase our shares at the market price on the date of grant, or for options granted to employees in fiscal 2019 and thereafter, 110% of the market price on the date of grant, subject to the terms of the option plan and agreements.\nGenerally, one-fourth of the stock options granted to employees become exercisable for each full year of employment following the grant date.\nStock options granted generally expire 10 years after the grant date, or in"}
{"_id": "d8e9c7ec0", "title": "", "text": "| Year Ended September 30, | 2013 | (In millions, except per share data) | Operating Data: | Revenues: | Homebuilding | Financial Services | Gross profit — Homebuilding -1 | Income (loss) before income taxes: | Homebuilding | Financial Services | Income tax expense (benefit) (2) (3) | Net income (loss) | Net income (loss) per share: | Basic | Diluted | Cash dividends declared per common share |"}
{"_id": "d883e6c8c", "title": "", "text": "| ($ in millions) % earned after | 2010 | Allstate brand: | Standard auto | Non-standard auto | Homeowners | Other personal lines-1 | Total Allstate brand | Encompass brand: | Standard auto | Non-standard auto | Homeowners | Other personal lines-1 | Total Encompass brand | Allstate Protection unearned premiums |"}
{"_id": "d8b369f0e", "title": "", "text": "| Year Ended June 30, | 2010 | Weighted Average Assumptions: | Expected life (years) | Volatility | Risk free interest rate | Dividend yield |"}
{"_id": "d87abda52", "title": "", "text": "| Purchase Consideration Total Net (Liabilities) Assets Acquired Purchased Intangible Assets Goodwill | (in millions) | FTEN-1 | SMARTS-2 | Nord Pool ASA-3 | Total for 2010 |"}
{"_id": "d8c72cf64", "title": "", "text": "| (Dollars in millions) 2007 2006 2005 2004 2003 | Operating basis | Operating earnings | Return on average assets | Return on average common shareholders’ equity | Return on average tangible shareholders’ equity | Operating efficiency ratio (FTE basis) | Dividend payout ratio | Operating leverage (FTE basis) | FTE basis data | Net interest income | Total revenue, net of interest expense | Net interest yield | Efficiency ratio | Reconciliation of net income to operating earnings | Net income | Merger and restructuring charges | Related income tax benefit | Operating earnings | Reconciliation of average shareholders’ equity to average tangible shareholders’ equity | Average shareholders’ equity | Average goodwill | Average tangible shareholders’ equity | Reconciliation of return on average assets to operating return on average assets | Return on average assets | Effect of merger and restructuring charges, net-of-tax | Operating return on average assets | Reconciliation of return on average common shareholders’ equity to operating return on average common shareholders’equity | Return on average common shareholders’ equity | Effect of merger and restructuring charges, net-of-tax | Operating return on average common shareholders’ equity | Reconciliation of return on average tangible shareholders’ equity to operating return on average tangible shareholders’equity | Return on average tangible shareholders’ equity | Effect of merger and restructuring charges, net-of-tax | Operating return on average tangible shareholders’ equity | Reconciliation of efficiency ratio to operating efficiency ratio (FTE basis) | Efficiency ratio | Effect of merger and restructuring charges | Operating efficiency ratio | Reconciliation of dividend payout ratio to operating dividend payout ratio | Dividend payout ratio | Effect of merger and restructuring charges, net-of-tax | Operating dividend payout ratio | Reconciliation of operating leverage to operating basis operating leverage (FTE basis) | Operating leverage | Effect of merger and restructuring charges | Operating leverage |"}
{"_id": "d8b0de460", "title": "", "text": "Separation and Merger Transaction On January, 28, 2013, the Company completed the previously announced separation of its commodity chemicals business and merger of its wholly-owned subsidiary, Eagle Spinco Inc. , with a subsidiary of Georgia Gulf Corporation in a tax efficient Reverse Morris Trust transaction (the “Transaction”).\nPursuant to the merger, Eagle Spinco, the entity holding PPG's former commodity chemicals business, is now a wholly-owned subsidiary of Georgia Gulf.\nThe closing of the merger followed the expiration of the related exchange offer and the satisfaction of certain other conditions.\nThe combined company formed by uniting Georgia Gulf with PPG's former commodity chemicals business is named Axiall Corporation (“Axiall”).\nPPG holds no ownership interest in Axiall.\nPPG received the necessary ruling from the Internal Revenue Service and as a result this Transaction was generally tax free to PPG and its shareholders.\nUnder the terms of the exchange offer, 35,249,104 shares of Eagle Spinco common stock were available for distribution in exchange for shares of PPG common stock accepted in the offer.\nFollowing the merger, each share of Eagle Spinco common stock automatically converted into the right to receive one share of Axiall Corporation common stock.\nAccordingly, PPG shareholders who tendered their shares of PPG common stock as part of this offer received 3.2562 shares of Axiall common stock for each share of PPG common stock accepted for exchange.\nPPG was able to accept the maximum of 10,825,227 shares of PPG common stock for exchange in the offer, and thereby, reduced its outstanding shares by approximately 7%.\nUnder the terms of the Transaction, PPG received $900 million of cash and 35.2 million shares of Axiall common stock (market value of $1.8 billion on January 25, 2013) which was distributed to PPG shareholders by the exchange offer as described above.\nThe cash consideration is subject to customary post-closing adjustment, including a working capital adjustment.\nIn the Transaction, PPG transferred environmental remediation liabilities, defined benefit pension plan assets and liabilities and other post-employment benefit liabilities related to the commodity chemicals business to Axiall.\nPPG will report a gain on the Transaction reflecting the excess of the sum of the cash proceeds received and the cost (closing stock price on January 25, 2013) of the PPG shares tendered and accepted in the exchange for the 35.2 million shares of Axiall common stock over the net book value of the net assets of PPG's former commodity chemicals business.\nThe Transaction will also result in a net partial settlement loss associated with the spin out and termination of defined benefit pension liabilities and the transfer of other post-retirement benefit liabilities under the terms of the Transaction.\nDuring 2012, the Company incurred $21 million of pretax expense, primarily for professional services, related to the Transaction.\nAdditional Transaction-related expenses will be incurred in 2013.\nPPG will report the results of its commodity chemicals business for January 2013 and a net gain on the Transaction as results from discontinued operations when it reports its results for the quarter ending March 31, 2013.\nIn the PPG results for prior periods, presented for comparative purposes beginning with the first quarter 2013, the results of its former commodity chemicals business will be reclassified from continuing operations and presented as the results from discontinued operations.\nThe net sales and income before income taxes of the commodity chemicals business that will be reclassified and reported as discontinued operations are presented in the table below for the years ended December 31, 2012, 2011 and 2010:"}
{"_id": "d895e2abc", "title": "", "text": "Home Equity Repurchase Obligations PNCs repurchase obligations include obligations with respect to certain brokered home equity loans/lines that were sold to a limited number of private investors in the financial services industry by National City prior to our acquisition of National City.\nPNC is no longer engaged in the brokered home equity lending business, and our exposure under these loan repurchase obligations is limited to repurchases of the loans sold in these transactions.\nRepurchase activity associated with brokered home equity lines/loans is reported in the NonStrategic Assets Portfolio segment.\nLoan covenants and representations and warranties were established through loan sale agreements with various investors to provide assurance that loans PNC sold to the investors are of sufficient investment quality.\nKey aspects of such covenants and representations and warranties include the loans compliance with any applicable loan criteria established for the transaction, including underwriting standards, delivery of all required loan documents to the investor or its designated party, sufficient collateral valuation, and the validity of the lien securing the loan.\nAs a result of alleged breaches of these contractual obligations, investors may request PNC to indemnify them against losses on certain loans or to repurchase loans.\nWe investigate every investor claim on a loan by loan basis to determine the existence of a legitimate claim, and that all other conditions for indemnification or repurchase have been met prior to settlement with that investor.\nIndemnifications for loss or loan repurchases typically occur when, after review of the claim, we agree insufficient evidence exists to dispute the investors claim that a breach of a loan covenant and representation and warranty has occurred, such breach has not been cured, and the effect of such breach is deemed to have had a material and adverse effect on the value of the transferred loan.\nDepending on the sale agreement and upon proper notice from the investor, we typically respond to home equity indemnification and repurchase requests within 60 days, although final resolution of the claim may take a longer period of time.\nMost home equity sale agreements do not provide for penalties or other remedies if we do not respond timely to investor indemnification or repurchase requests.\nInvestor indemnification or repurchase claims are typically settled on an individual loan basis through make-whole payments or loan repurchases; however, on occasion we may negotiate pooled settlements with investors.\nIn connection with pooled settlements, we typically do not repurchase loans and the consummation of such transactions generally results in us no longer having indemnification and repurchase exposure with the investor in the transaction."}
{"_id": "d8d5bdb14", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Fifth Third Bancorp 97 26.\nCERTAIN REGULATORY REQUIREMENTS AND CAPITAL RATIOS The principal source of income and funds for the Bancorp (parent company) are dividends from its subsidiaries.\nDuring 2008, the amount of dividends the bank subsidiaries could pay to the Bancorp without prior approval of regulatory agencies was limited to their 2008 eligible net profits, as defined, and the adjusted retained 2007 and 2006 net income of those subsidiaries.\nThe Bancorps subsidiary banks must maintain cash reserve balances when total reservable deposit liabilities are greater than the regulatory exemption.\nThese reserve requirements may be satisfied with vault cash and noninterest-bearing cash balances on reserve with a Federal Reserve Bank.\nIn 2008 and 2007, the subsidiary banks were required to maintain average cash reserve balances of $403 million and $330 million, respectively.\nThe FRB adopted guidelines pursuant to which it assesses the adequacy of capital in examining and supervising a bank holding company and in analyzing applications to it under the Bank Holding Company Act of 1956, as amended.\nThese guidelines include quantitative measures that assign risk weightings to assets and off-balance sheet items, as well as define and set minimum regulatory capital requirements.\nAll bank holding companies are required to maintain core capital (Tier I) of at least 4% of riskweighted assets and off-balance sheet items (Tier I capital ratio), total capital of at least 8% of risk-weighted assets and off-balance sheet items (Total risk-based capital ratio) and Tier I capital of at least 3% of adjusted quarterly average assets (Tier I leverage ratio).\nFailure to meet the minimum capital requirements can initiate certain actions by regulators that could have a direct material effect on the Consolidated Financial Statements of the Bancorp.\nTier I capital consists principally of shareholders equity including Tier I qualifying trust preferred securities or notes payable pertaining to unconsolidated special purpose entities that issue trust preferred securities.\nIt excludes unrealized gains and losses on available-for-sale securities and unrecognized pension actuarial gains and losses and prior service cost, less goodwill and certain other intangibles.\nTier II capital consists principally of perpetual and trust preferred stock that is not eligible to be included as Tier I capital, term subordinated debt, intermediate-term preferred stock and, subject to limitations, general allowances for loan and lease losses.\nAssets are adjusted under the risk-based guidelines to take into account different risk characteristics.\nAverage assets for this purpose does not include goodwill and any other intangible assets and investments that the FRB determines should be deducted from Tier I capital.\nBoth the FRB and the OCC have issued regulations regarding the capital adequacy of subsidiary banks.\nThese requirements are substantially similar to those adopted by the FRB regarding bank holding companies, as described above.\nIn addition, the federal banking agencies have issued substantially similar regulations to implement the system of prompt corrective action established by Section 38 of the Federal Deposit Insurance Act.\nUnder the regulations, a bank generally shall be deemed to be well-capitalized if it has a Total risk-based capital ratio of 10% or more, a Tier I capital ratio of 6% or more, a Tier I leverage ratio of 5% or more and is not subject to any written capital order or directive.\nIf an institution becomes undercapitalized, it would become subject to significant additional oversight, regulations and requirements as mandated by the Federal Deposit Insurance Act.\nThe Bancorp and each of its subsidiary banks had Tier I, Total risk-based capital and Tier I leverage ratios above the well-capitalized levels at December 31, 2008 and 2007.\nAs of December 31, 2008, the most recent notification from the FRB categorized the Bancorp and each of its subsidiary banks as well-capitalized under the regulatory framework for prompt corrective action.\nTo continue to qualify for financial holding company status pursuant to the GrammLeach-Bliley Act of 1999, the Bancorps subsidiary banks must, among other things, maintain well-capitalized capital ratios.\nU. S.  bank regulatory authorities and international bank supervisory organizations, principally the Basel Committee on Banking Supervision, are currently considering changes to the riskbased capital adequacy framework for banks, including emphasis on credit, market and operational risk components, which ultimately could affect the appropriate capital guidelines for bank holding companies such as the Bancorp.\nCapital and risk-based capital and leverage ratios for the Bancorp and its significant subsidiary banks at December 31:"}
{"_id": "d8e5c1100", "title": "", "text": "| As of or for the year ended December 31, (in millions) 2013 2012 2011 | Securities gains | Investment securities portfolio (average) | Investment securities portfolio (period–end)(a) | Mortgage loans (average) | Mortgage loans (period-end) | 2013 | December 31, (in millions) | Securities purchased under resale agreements | Securities purchased under resale agreements with an appropriate legal opinion | Securities purchased under resale agreements where an appropriate legal opinion has not been either sought or obtained | Total securities purchased under resale agreements | Securities borrowed |"}
{"_id": "d8a51080e", "title": "", "text": "| Qualified Defined Benefit Pension Plans(a) Retiree Medical and Life Insurance Plans | 2015 | Service cost | Interest cost | Expected return on plan assets | Recognized net actuarial losses | Amortization of net prior service (credit) cost | Total net periodic benefit cost |"}
{"_id": "d8f7e6ba0", "title": "", "text": "| Year ended December 31, Provision for loan losses Provision for lending-related commitments Total provision for credit losses | (in millions) | Investment Bank | Commercial Banking | Treasury & SecuritiesServices | Asset Management | Corporate/PrivateEquity(a)(b) | Total Wholesale | Retail Financial Services | Card Services – reported | Corporate/PrivateEquity(a)(c)(d) | Total Consumer | Total provision for credit losses – reported | Credit card – securitized | Total provision for credit losses – managed |"}
{"_id": "d8e44761c", "title": "", "text": "3.\nDISCONTINUED OPERATIONS Sale of Nikko Cordial On October 1, 2009 the Company announced the successful completion of the sale of Nikko Cordial Securities to Sumitomo Mitsui Banking Corporation.\nThe transaction had a total cash value to Citi of 776 billion yen (U. S.  $8.7 billion at an exchange rate of 89.60 yen to U. S.  $1.00 as of September 30, 2009).\nThe cash value is composed of the purchase price for the transferred business of 545 billion yen, the purchase price for certain Japanese-listed equity securities held by Nikko Cordial Securities of 30 billion yen, and 201 billion yen of excess cash derived through the repayment of outstanding indebtedness to Citi.\nAfter considering the impact of foreign exchange hedges of the proceeds of the transaction, the sale resulted an immaterial gain in 2009.\nA total of about 7,800 employees are included in the transaction.\nThe Nikko Cordial operations had total assets and total liabilities of approximately $24 billion and $16 billion, respectively, at the time of sale, which were reflected in Citi Holdings prior to the sale.\nResults for all of the Nikko Cordial businesses sold are reported as Discontinued operations for all periods presented.\nSummarized financial information for Discontinued operations, including cash flows, related to the sale of Nikko Cordial is as follows:"}
{"_id": "d8e625600", "title": "", "text": "| December 31, 2014 December 31, 2013 | In millions | Derivatives designated as hedging instruments under GAAP | Derivatives not designated as hedging instruments under GAAP | Total gross derivatives |"}
{"_id": "d87ccfda4", "title": "", "text": "| (In millions) 2012 2011 | E&P | OSM | IG | Segment revenues | Elimination of intersegment revenues | Unrealized gain on crude oil derivative instruments | Total revenues | China | Fiscal Year | Balance forward | 2015 | 2016 | 2017 | 2018 | 2019 | Geographic Market | Africa-3 | Argentina | Canada | Central America-4 | Chile | China | India | Japan | Mexico | United Kingdom | International total | Plus Membership | Annual Membership Fee | Number of Add-on Memberships ($40 each) | Eligible for Cash Rewards | Fiscal Year | Balance forward | 2015 | 2016 | 2017 | 2018 | 2019 |"}
{"_id": "d86b2f950", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) UCS.\nAs of May 31, 2009, $55.0 million of the purchase price was held in escrow (the “escrow account”).\nPrior to our acquisition of UCS, the former parent company of UCS pledged the company’s stock as collateral for a third party loan (“the loan”) that matures on September 24, 2009.\nUpon repayment of this loan, the stock will be released to us and $35.0 million of the purchase price will be released to the seller.\nThe remaining $20.0 million will remain in escrow until January 1, 2013, to satisfy any liabilities discovered post-closing that existed at the purchase date.\nThe purpose of this acquisition was to establish an acquiring presence in the Russian market and a foundation for other direct acquiring opportunities in Central and Eastern Europe.\nThe purchase price was determined by analyzing the historical and prospective financial statements and applying relevant purchase price multiples.\nThis business acquisition was not significant to our consolidated financial statements and accordingly, we have not provided pro forma information relating to this acquisition.\nUpon acquisition of UCS Global Payments assumed an indirect guarantee of the loan.\nIn the event of a default by the third-party debtor, we would be required to transfer all of the shares of UCS to the trustee or pay the amount outstanding under the loan.\nAt May 31, 2009 the maximum potential amount of future payments under the guarantee was $44.1 million which represents the total outstanding under the loan, consisting of $21.8 million due and paid on June 24, 2009 and $22.3 million due on September 24, 2009.\nShould the third-party debtor default on the final payment, Global Payments would pay the total amount outstanding and seek to be reimbursed for any payments made from the $55 million held in the escrow account.\nWe did not record an obligation for this guarantee because we determined that the fair value of the guarantee is de minimis.\nThe following table summarizes the preliminary purchase price allocation (in thousands):"}
{"_id": "d8804322e", "title": "", "text": "| Company/Index January 3, 2009 January 2, 2010 January 1, 2011 December 31, 2011 December 29, 2012 December 28, 2013 | Advance Auto Parts | S&P 500 Index | S&P Retail Index |"}
{"_id": "d8aec2f3c", "title": "", "text": "| For the Year Ended March 31, | 2017 | Net cash provided by operating activities | Net cash used for investing activities | Net cash provided by financing activities | Effect of exchange rate changes on cash | Net (decrease) increase in cash and cash equivalents |"}
{"_id": "d8a3e1a5a", "title": "", "text": "Closed Block On April 7, 2000, (the Demutualization Date), MLIC converted from a mutual life insurance company to a stock life insurance company and became a wholly-owned subsidiary of MetLife, Inc.\nThe conversion was pursuant to an order by the New York Superintendent of Insurance (the Superintendent) approving MLICs plan of reorganization, as amended (the Plan).\nOn the Demutualization Date, MLIC established a closed block for the benefit of holders of certain individual life insurance policies of MLIC.\nAssets have been allocated to the closed block in an amount that has been determined to produce cash flows which, together with anticipated revenues from the policies included in the closed block, are reasonably expected to be sufficient to support obligations and liabilities relating to these policies, including, but not limited to, provisions for the payment of claims and certain expenses and taxes, and to provide for the continuation of policyholder dividend scales in effect for 1999, if the experience underlying such dividend scales continues, and for appropriate adjustments in such scales if the experience changes.\nAt least annually, the Company compares actual and projected experience against the experience assumed in the then-current dividend scales.\nDividend scales are adjusted periodically to give effect to changes in experience.\nThe closed block assets, the cash flows generated by the closed block assets and the anticipated revenues from the policies in the closed block will benefit only the holders of the policies in the closed block.\nTo the extent that, over time, cash flows from the assets allocated to the closed block and claims and other experience related to the closed block are, in the aggregate, more or less favorable than what was assumed when the closed block was established, total dividends paid to closed block policyholders in the future may be greater than or less than the total dividends that would have been paid to these policyholders if the policyholder dividend scales in effect for 1999 had been continued.\nAny cash flows in excess of amounts assumed will be available for distribution over time to closed block policyholders and will not be available to stockholders.\nIf the closed block has insufficient funds to make guaranteed policy benefit payments, such payments will be made from assets outside of the closed block.\nThe closed block will continue in effect as long as any policy in the closed block remains in-force.\nThe expected life of the closed block is over 100 years.\nThe Company uses the same accounting principles to account for the participating policies included in the closed block as it used prior to the Demutualization Date.\nHowever, the Company establishes a policyholder dividend obligation for earnings that will be paid to policyholders as additional dividends as described below.\nThe excess of closed block liabilities over closed block assets at the effective date of the demutualization (adjusted to eliminate the impact of related amounts in accumulated other comprehensive income) represents the estimated maximum future earnings from the closed block expected to result from operations attributed to the closed block after income taxes.\nEarnings of the closed block are recognized in income over the period the policies and contracts in the closed block remain in-force.\nManagement believes that over time the actual cumulative earnings of the closed block will approximately equal the expected cumulative earnings due to the effect of dividend changes.\nIf, over the period the closed block remains in existence, the actual cumulative"}
{"_id": "d8c823f26", "title": "", "text": "| Year Ended December 31 2008 2007 2006 | (In millions, except %) | Net written premiums | Net earned premiums | Net investment income | Net operating income | Net realized investment gains (losses) | Net income | Ratios: | Loss and loss adjustment expense | Expense | Dividend | Combined |"}
{"_id": "d8d9ffad8", "title": "", "text": "Employee Benefit Plans In October 2006, effective upon consummation of the Disposition, the Company adopted the Chipotle Mexican Grill 401(k) plan (the 401(k) plan).\nPrior to October 2006, eligible Chipotle employees were participants of a 401(k) plan sponsored by McDonalds.\nThe Company matches 100% of the first 3% of pay contributed by each eligible employee and 50% on the next 2% of pay contributed.\nEmployees become eligible to receive matching contributions after one year of service with the Company.\nFor the years ended December 31, 2008, 2007 and 2006, Company matching contributions totaled approximately $1,402, $1,234 and $1,070, respectively.\nAs a result of the Disposition, the Company adopted the Chipotle Mexican Grill, Inc.\nSupplemental Deferred Investment Plan (the Deferred Plan) which covers eligible employees of the Company.\nThe Deferred Plan is a non-qualified, unfunded plan that allows participants to make tax-deferred contributions that cannot be made under the 401(k) plan because of Internal Revenue Service limitations.\nParticipants earnings on contributions made to the Deferred Plan fluctuate with the actual earnings and losses of a variety of available investment choices selected by the participant.\nTotal liabilities under the Deferred Plan as of December 31, 2008 and 2007 were $1,790 and $800, respectively, and are included in other long-term liabilities in the consolidated balance sheet.\nThe Company matches 100% of the first 3% of pay contributed by each eligible employee and 50% on the next 2% of pay contributed once the 401(k) contribution limits are reached.\nFor the years ended December 31, 2008, 2007 and 2006, the Company made deferred compensation matches of $252, $137 and $25 respectively, to the Deferred Plan.\nPrior to October 2006, eligible Chipotle employees were participants of a deferred compensation plan sponsored by McDonalds.7."}
{"_id": "d8b3fe6ea", "title": "", "text": "| Facility Drawn* Available Cash Liquidity Maturity | (Millions of Dollars) | NSP-Minnesota | PSCo | SPS | Xcel Energy — holding company | Total |"}
{"_id": "d85e2085e", "title": "", "text": "Incurred losses increased by 17.2% to $954.5 million in 2014 compared to $814.7 million in 2013, primarily due to the increase in current year attritional losses of $151.5 million resulting primarily from the impact of the increase in premiums earned and less favorable development of $61.2 million on prior years attritional losses in 2014 compared to 2013, mainly related to an increase in A&E reserves.\nThis increase was partially offset by a decrease of $39.3 million in current year catastrophe losses and favorable development of $33.5 million on prior year catastrophe losses in 2014 compared to 2013, mainly related to Superstorm Sandy.\nThe $12.5 million of current year catastrophe losses in 2014 related to the Japan snowstorm ($7.8 million) and Hurricane Odile ($4.7 million).\nThe $51.8 million of current year catastrophe losses in 2013 were mainly due to U. S.  Storms ($44.8 million), the European floods ($5.0 million) and the Canadian Floods ($2.0 million).\nIncurred losses decreased by 22.4% to $814.7 million in 2013 compared to $1,050.4 million in 2012, primarily due to the decrease in current year catastrophe losses for 2013 (outlined above), partially offset by an increase of $75.0 million in current year attritional losses due to the impact of the increase in premiums earned.\nThe $372.6 million of current year catastrophe losses for 2012 related to Superstorm Sandy ($289.0 million), U. S.  storms ($59.8 million) and Hurricane Isaac ($23.8 million).\nDespite the increase in current year attritional losses, the current year attritional loss ratio decreased 3.2 points due to the continued shift in business to excess of loss contracts which generally have lower attritional losses than pro rata contracts."}
{"_id": "d820b0e60", "title": "", "text": "| Change in Basic Earnings Per Share From Prior Year 2009 2008 | Basic Earnings Per Share – Prior Year | Non-core asset sales/impairments | Litigation settlement | Trust securities impairment | Saxton decommissioning regulatory asset – 2007 | Regulatory charges | Derivative mark-to-market adjustment | Organizational restructuring | Debt redemption premiums | Income tax resolution | Revenues | Fuel and purchased power | Amortization of regulatory assets, net | Investment income | Interest expense | Reduced common shares outstanding | Transmission expenses | Other expenses | Basic Earnings Per Share |"}
{"_id": "d881c8234", "title": "", "text": "| Year Ended December 31, | 2011 | Net Income (in millions) | AMPCO and Affiliates | Alba Plant | CONE | Dividends (in millions) | AMPCO and Affiliates | Alba Plant | Sales Volumes | Methanol (MMgal) | Condensate (MBbl/d) | LPG (MBbl/d) | Average Realized Prices | Methanol (per gallon) | Condensate (per Bbl) | LPG (per Bbl) |"}
{"_id": "d8ef0c30e", "title": "", "text": "Gross margin Gross margin increased $307 million, or 15%, to $2.3 billion in 2001 from $2.0 billion in 2000.\nGross margin as a percentage of revenues decreased to 25% in 2000 from 26% in 2001.\nThe increase in gross margin is due to acquisition of new businesses and new operations from greenfield projects offset by lower market prices in the United Kingdom.\nThe decrease in gross margin as a percentage of revenues is due to a decline in the competitive supply and contract generation gross margin percentages offset slightly by increased gross margin percentages from large utilities and growth distribution.\nExcluding businesses acquired or that commenced commercial operations in 2001 or 2000, gross margin decreased 2% to $1.8 billion in 2001."}
{"_id": "d88465d52", "title": "", "text": "| Year ended December 31, | 2005 | (in millions) | Cash value of surrenders | Cash value of surrenders as a percentage of mean future benefit reserves, policyholders’ account balances, and separate accountbalances |"}
{"_id": "d8a3a4286", "title": "", "text": "| December 31, | 2011 | (In millions) | U.S. Business: | Guaranteed minimum accumulation benefit | Guaranteed minimum withdrawal benefit | Guaranteed minimum income benefit | International: | Guaranteed minimum accumulation benefit | Guaranteed minimum withdrawal benefit | Total |"}
{"_id": "d8a08677a", "title": "", "text": "Other expenses were $484 million, up $53 million from $431 million in 2004, primarily due to increases in professional services related to compliance, including costs related to implementation of BASEL II and the restructuring of our treasury function, as well as growth initiatives.\nIncome Taxes Income tax expense from continuing operations was $487 million for 2005, compared to $394 million a year ago, with the additional expense the result of increased pre-tax earnings.\nThe effective tax rate for continuing operations for 2005 was 34.0%.\nThe effective tax rate for 2004 was 33.1%, including the impact of a cumulative benefit of $18 million resulting from a change in the effective state tax rate applied to leveraged leasing transactions.\nExcluding this item, the effective rate for 2004 was 34.0%.\nThe income tax benefit attributable to the loss from discontinued operations of $165 million was $58 million.\nLine of Business Information We report two lines of business: Investment Servicing and Investment Management.\nGiven our services and management organization, the results of operations for these lines of business are not necessarily comparable with those of other companies, including companies in the financial services industry.\nInformation about revenue, expense and capital allocation methodologies is in Note 23 of the Notes to Consolidated Financial Statements included in this Form 10-K under Item 8.\nThe following is a summary of line of business results.\nThese results exclude the loss from discontinued operations related to the planned divestiture of our investment interest in Bel Air as described in the Financial Highlights section of this Discussion and Analysis.\nThe Business Divestiture column includes the revenue and expenses of the divested PAM business for 2003 prior to its divestiture.\nThe Other/One-Time column for 2005 includes the additional gain from the sale of the PAM business.\nFor 2004, this column includes merger and integration costs related to the acquisition of the GSS business.\nFor 2003, the Other/One-Time column includes the gains from the sales of the PAM and Corporate Trust businesses, the loss on certain real estate sold, and restructuring and merger, integration and divestiture charges.\nCertain previously reported amounts have been reclassified to conform to current year presentation."}
{"_id": "d8bf4f148", "title": "", "text": "Note G – Environmental Matters Superfund Sites Hazardous substances, such as asbestos, polychlorinated biphenyls (PCBs) and coal tar, have been used or generated in the course of operations of the Utilities and their predecessors and are present at sites and in facilities and equipment they currently or previously owned, including sites at which gas was manufactured or stored.\nThe Federal Comprehensive Environmental Response, Compensation and Liability Act of 1980 and similar state statutes (Superfund) impose joint and several liability, regardless of fault, upon generators of hazardous substances for investigation and remediation costs (which includes costs of demolition, removal, disposal, storage, replacement, containment and monitoring) and environmental damages.\nLiability under these laws can be material and may be imposed for contamination from past acts, even though such past acts may have been lawful at the time they occurred.\nThe sites at which the Utilities have been asserted to have liability under these laws, including their manufactured gas sites, are referred to herein as “Superfund Sites.\n” For Superfund Sites where there are other potentially responsible parties and the Utilities are not managing the site investigation and remediation, the accrued liability represents an estimate of the amount the Utilities will need to pay to discharge their related obligations.\nFor Superfund Sites (including the manufactured gas sites) for which one of the Utilities is managing the investigation and remediation, the accrued liability represents an estimate of the undiscounted cost to investigate the sites and, for sites that have been investigated in whole or in part, the cost to remediate the sites in light of the information available, applicable remediation standards and experience with similar sites.\nFor the 12 months ended December 31, 2003, Con Edison of New York and O&R incurred approximately $21 million and $5 million, respectively, for environmental remediation costs.\nNo insurance recoveries were received.\nFor the 12 months ended December 31, 2002, Con Edison of New York and O&R incurred approximately $22 million and $2 million, respectively, for environmental remediation costs, and O&R received insurance recoveries of $7 million.\nThe accrued liabilities and regulatory assets related to Superfund Sites for each of the Companies at December 31, 2003 and December 31, 2002 were as follows:"}
{"_id": "d8dd40fa8", "title": "", "text": "| Rental   Income Sublease   Income Gross   Rental   Payments | (In millions) | 2011 | 2012 | 2013 | 2014 | 2015 | Thereafter |"}
{"_id": "d87be6dd4", "title": "", "text": "Separate Account Business  Separate account assets and liabilities represent contract holder funds related to investment and annuity products for which the policyholder assumes substantially all the risk and reward.\nThe assets are segregated into accounts with specific underlying investment objectives and are legally segregated from CNA.\nAll assets of the separate account business are carried at fair value with an equal amount recorded for separate account liabilities.\nCertain of the separate account investment contracts related to CNAs pension deposit business\nStock performance graph:The graph below shows the cumulative total shareholder return assuming the investment of $100, on December 31, 2011, and the reinvestment of dividends thereafter, if any, in the Companys common stock versus the Standard and Poors S&P 500 Retail Index (S&P 500 Retail Index) and the Standard and Poors S&P 500 Index (S&P 500)."}
{"_id": "d86d9ff3c", "title": "", "text": "| As of December 31, | 2009 | (In thousands) | Notional value | Fair value of notional | Gross and net fair value (liability) asset |"}
{"_id": "d8ab5b984", "title": "", "text": "Productivity and Reinvestment Program In February 2012, the Company announced a four-year productivity and reinvestment program.\nThis program is designed to assist us in strengthening our brands and reinvesting our resources to drive long-term profitable growth.\nThe first component of this program is a global productivity initiative that will target annualized productivity of $350 million to $400 million.\nThis initiative will be focused on four primary areas: global supply chain optimization; global marketing and innovation effectiveness; operating expense leverage and operational excellence; and data and information technology systems standardization.\nThe second component of our productivity and reinvestment program relates to additional integration initiatives in North America as a result of our acquisition of CCE’s former North America business.\nThe Company has identified incremental synergies, primarily in the area of our North American product supply operations, which will better"}
{"_id": "d8623cf64", "title": "", "text": "| Gains/(Losses) Recognized in OCI - Effective Portion (c) Gains/(Losses)  Reclassified from AOCI into Income - Effective Portion (c) Gains/(Losses) Recognized –Ineffective Portion and Amount Excluded from Effectiveness Testing | September 25, 2010 | Cash flow hedges: | Foreign exchange contracts | Net investment hedges: | Foreign exchange contracts | Total |"}
{"_id": "d8f094622", "title": "", "text": "| Year Ended December 31, 2011 | in millions, except per share data | GAAP results | Non-GAAP adjustments: | Goodwill and other intangible asset impairment charges | Acquisition- and divestiture-related net credits | Restructuring-related charges | Litigation-related charges | Discrete tax items | Amortization expense | Adjusted results |"}
{"_id": "d8c28aa7e", "title": "", "text": "Beginning on January 1, 2016, the pay-based component of the formula used to determine retirement benefits was frozen so that future pay increases, annual incentive bonuses or other amounts earned for or related to periods after December 31, 2015 are not used to calculate retirement benefits.\nOn January 1, 2020, the service-based component of the formula used to determine retirement benefits will also be frozen so that participants will no longer earn further credited service for any period after December 31, 2019.\nWhen the freeze is complete, the majority of our salaried employees will have transitioned to an enhanced defined contribution retirement savings plan.\nAs part of the November 6, 2015 acquisition of Sikorsky, we established a new defined benefit pension plan for Sikorskys union workforce that provides benefits for their prospective service with us.\nThe Sikorsky salaried employees participate in a defined contribution plan.\nWe did not assume any legacy pension liability from UTC.\nWe have made contributions to trusts established to pay future benefits to eligible retirees and dependents, including Voluntary Employees Beneficiary Association trusts and 401(h) accounts, the assets of which will be used to pay expenses of certain retiree medical plans.\nWe use December 31 as the measurement date.\nBenefit obligations as of the end of each year reflect assumptions in effect as of those dates.\nNet periodic benefit cost is based on assumptions in effect at the end of the respective preceding year.\nThe rules related to accounting for postretirement benefit plans under GAAP require us to recognize on a plan-by-plan basis the funded status of our postretirement benefit plans as either an asset or a liability on our consolidated balance sheets.\nThere is a corresponding non-cash adjustment to accumulated other comprehensive loss, net of tax benefits recorded as deferred tax assets, in stockholders equity.\nThe funded status is measured as the difference between the fair value of the plans assets and the benefit obligation of the plan.\nThe net periodic benefit cost recognized each year included the following (in millions):"}
{"_id": "d81622174", "title": "", "text": "| % Change2014-2013 % Change2013-2012 | Data center cost | Compensation cost and related benefits associated with headcount | Depreciation expense | Royalty cost | Amortization of purchased intangibles | Various individually insignificant items | Total change |"}
{"_id": "d894a3b10", "title": "", "text": "| 2014 2013 2012 | Net sales | Operating profit | Operating margins | Backlog at year-end |"}
{"_id": "d89458548", "title": "", "text": "| 2013 2012 | December 31, (in millions) | U.S. GAAP nettable derivative receivables | Interest rate contracts: | Over–the–counter (“OTC”)(a) | OTC–cleared | Exchange traded(b) | Total interest rate contracts | Credit contracts: | OTC | OTC–cleared | Total credit contracts | Foreign exchange contracts: | OTC(a) | OTC–cleared | Exchange traded(b) | Total foreign exchange contracts | Equity contracts: | OTC(a) | OTC–cleared | Exchange traded(b) | Total equity contracts | Commodity contracts: | OTC(a) | OTC–cleared | Exchange traded(b) | Total commodity contracts | Derivative receivables with appropriate legal opinion | Derivative receivables where an appropriate legal opinion has not been either sought or obtained | Total derivative receivables recognized on the Consolidated Balance Sheets |"}
{"_id": "d89a256f6", "title": "", "text": "| 2006 2005 2004 | Revenue | Income (loss) from discontinued operations | Income tax (provision) benefit on income (loss) from discontinued operations | Net loss on disposal of discontinued operations, net of tax benefit of $444, $1,042 and $337, respectively | Loss from discontinued operations, net |"}
{"_id": "d88f63b8c", "title": "", "text": "| $ in millions Before Consolidation-1 Consolidated Investment Products Adjustments-2 Total | As of December 31, 2011 | Current assets | Non-current assets | Total assets | Current liabilities | Long-term debt of consolidated investment products | Other non-current liabilities | Total liabilities | Retained earnings appropriated for investors in consolidated investment products | Other equity attributable to common shareholders | Equity attributable to noncontrolling interests in consolidated entities | Total liabilities and equity |"}
{"_id": "d8aed1b68", "title": "", "text": "ENVIRONMENTAL COMPLIANCE Our environmental compliance costs are undiscounted and include the cost of ongoing monitoring programs, the cost of remediation efforts and other similar costs.\nWe accrue costs for environmental assessment and remediation efforts when we determine that a liability is probable and we can reasonably estimate the cost.\nAt the early stages of a remediation effort, environmental remediation liabilities are not easily quantified due to the uncertainties of various factors.\nThe range of an estimated remediation liability is defined and redefined as events in the remediation effort occur, but generally liabilities are recognized no later than completion of the remedial feasibility study.\nWhen we can estimate a range of probable loss, we accrue the most likely amount.\nIn the event that no amount in the range of probable loss is considered most likely, the minimum loss in the range is accrued.\nAs of December 31, 2015, the spread between the amount accrued and the maximum loss in the range for all sites for which a range can be reasonably estimated was $3,154,000.\nAccrual amounts may be based on technical cost estimations or the professional judgment of experienced environmental managers.\nOur Safety, Health and Environmental Affairs Management Committee routinely reviews cost estimates and key assumptions in response to new information, such as the kinds and quantities of hazardous substances, available technologies and changes to the parties participating in the remediation efforts.\nHowever, a number of factors, including adverse agency rulings and encountering unanticipated conditions as remediation efforts progress, may cause actual results to differ materially from accrued costs.\nFor additional information regarding environmental compliance costs see Note 8.\nCLAIMS AND LITIGATION INCLUDING SELF-INSURANCE We are involved with claims and litigation, including items covered under our self-insurance program.\nWe are self-insured for losses related to workers' compensation up to $2,000,000 per occurrence and automotive and general/product liability up to $3,000,000 per occurrence.\nWe have excess coverage on a per occurrence basis beyond these retention levels.\nUnder our self-insurance program, we aggregate certain claims and litigation costs that are reasonably predictable based on our historical loss experience and accrue losses, including future legal defense costs, based on actuarial studies.\nCertain claims and litigation costs, due to their unique nature, are not included in our actuarial studies.\nWe use both internal and outside legal counsel to assess the probability of loss, and establish an accrual when the claims and litigation represent a probable loss and the cost can be reasonably estimated.\nFor matters not included in our actuarial studies, legal defense costs are accrued when incurred.\nThe following table outlines our self-insurance program at December 31:"}
{"_id": "d813330ee", "title": "", "text": "| 2010 2009 2008 | Balance at beginning of year | Provision | Amounts written off | Balance at end of year |"}
{"_id": "d85ff2b78", "title": "", "text": "Other Risk Management Derivatives Other risk management derivatives are used by the Corporation to reduce certain risk exposures.\nThese derivatives are not qualifying accounting hedges because either they did not qualify for or were not designated as accounting hedges.\nThe table below presents gains (losses) on these derivatives for 2013, 2012 and 2011.\nThese gains (losses) are largely offset by the income or expense that is recorded on the hedged item."}
{"_id": "d896b9e22", "title": "", "text": "Dispositions of Depreciable Real Estate Assets Excluded from Discontinued Operations We recorded a gain on sale of depreciable assets excluded from discontinued operations of $190.0 million for the year ended December 31, 2015, an increase of approximately $147.3 million from the $42.6 million gain on sale of depreciable assets recorded for the year ended December 31, 2014.\nThe increase was primarily the result of increased disposition activity.\nDispositions increased from eight multifamily properties for the year ended December 31, 2014, to 21 multifamily properties for the year ended December 31, 2015.\nGain from Real Estate Joint Ventures We recorded a gain from real estate joint ventures of $6.0 million during the year ended December 31, 2014 as opposed to no material gain or loss being recorded during the year ended December 31, 2015.\nThe decrease was primarily a result of recording a $3.4 million gain for the disposition of Ansley Village by Mid-America Multifamily Fund II, or Fund II, as well as a $2.8 million gain for the promote fee received from our Fund II partner during 2014.\nThe promote fee was received as a result of MAA achieving certain performance metrics in its management of the Fund II properties over the life of the joint venture.\nThere were no such gains recorded during the year ended December 31, 2015.\nDiscontinued Operations We recorded a gain on sale of discontinued operations of $5.4 million for the year ended December 31, 2014.\nWe did not record a gain or loss on sale of discontinued operations during the year ended December 31, 2015, due to the adoption of ASU 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity, which resulted in dispositions being included in the gain on sale of depreciable real estate assets excluded from discontinued operations and is discussed further below.\nNet Income Attributable to Noncontrolling Interests Net income attributable to noncontrolling interests for the year ended December 31, 2015 was approximately $18.5 million, an increase of $10.2 million from the year ended December 31, 2014.\nThis increase is consistent with the increase to overall net income and is primarily a result of the items discussed above.\nNet Income Attributable to MAA Primarily as a result of the items discussed above, net income attributable to MAA increased by approximately $184.3 million in the year ended December 31, 2015 from the year ended December 31, 2014.\nComparison of the Year Ended December 31, 2014 to the Year Ended December 31, 2013 The comparison of the year ended December 31, 2014 to the year ended December 31, 2013 shows the segment break down based on the 2014 same store portfolios.\nA comparison using the 2015 same store portfolio would not be comparative due to the nature of the classifications as a result of the Merger.\nProperty Revenues The following table shows our property revenues by segment for the years ended December 31, 2014 and December 31, 2013 (dollars in thousands):"}
{"_id": "d8775a5f4", "title": "", "text": "| 2007 2006 2005 | Taxable-equivalent basis Dollars in millions | Assets | Interest-earning assets | Securities available for sale | Residential mortgage-backed | Commercial mortgage-backed | Asset-backed | U.S. Treasury and government agencies | State and municipal | Other debt | Corporate stocks and other | Total securities available for sale | Loans, net of unearned income | Commercial | Commercial real estate | Lease financing | Consumer | Residential mortgage | Other | Total loans, net of unearned income | Loans held for sale | Federal funds sold and resale agreements | Other | Total interest-earning assets/interest income | Noninterest-earning assets | Allowance for loan and lease losses | Cash and due from banks | Other | Total assets | Liabilities, Minority and Noncontrolling Interests, and Shareholders' Equity | Interest-bearing liabilities | Interest-bearing deposits | Money market | Demand | Savings | Retail certificates of deposit | Other time | Time deposits in foreign offices | Total interest-bearing deposits | Borrowed funds | Federal funds purchased | Repurchase agreements | Federal Home Loan Bank borrowings | Bank notes and senior debt | Subordinated debt | Other | Total borrowed funds | Total interest-bearing liabilities/interest expense | Noninterest-bearing liabilities, minority and noncontrolling interests, and shareholders' equity | Demand and other noninterest-bearing deposits | Allowance for unfunded loan commitments and letters of credit | Accrued expenses and other liabilities | Minority and noncontrolling interests in consolidated entities | Shareholders' equity | Total liabilities, minority and noncontrolling interests, and shareholders' equity | Interest rate spread | Impact of noninterest-bearing sources | Net interest income/margin | 2012 | Numerator: | Net income | Denominator: | Weighted-average shares outstanding | Effect of dilutive securities | Weighted-average diluted shares | Basic earnings per share | Diluted earnings per share |"}
{"_id": "d827f3d12", "title": "", "text": "COMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN*"}
{"_id": "d8e6131da", "title": "", "text": "| Global Banking Total Corporation | (Dollars in millions) | Products | Advisory | Debt issuance | Equity issuance | Gross investment banking fees | Self-led | Total investment banking fees |"}
{"_id": "d89110b9c", "title": "", "text": "| (in millions) 2007 2006 | Rating: | AAA | AA | A | BBB | Below investment grade | Total |"}
{"_id": "d8c1090c4", "title": "", "text": "| ($ in millions) 2016 2015 2014 | Research and development – total | Less depreciation on research facilities | Research and development, net |"}
{"_id": "d88100b3a", "title": "", "text": "| (Millions of Dollars) Level 1 Level 2 Level 3 Total | U.S. Equity(a) | International Equity(b) | U.S. Government Issues(c) | Corporate Bonds(d) | Structured Assets(e) | Other Fixed Income(f) | Real Estate(g) | Cash and Cash Equivalents(h) | Futures(i) | Total investments | Funds for retiree health benefits(j) | Investments (excluding funds for retiree health benefits) | Pending activities(k) | Total fair value of plan net assets |"}
{"_id": "d8beec48a", "title": "", "text": "| Year ended December 31 (in millions) 2015 2014 2013 | Cable distribution system | Customer premise equipment | Other equipment | Buildings and building improvements | Total |"}
{"_id": "d86a2e5d8", "title": "", "text": "| 2015 2014 2013 | Balance, beginning of year | Additions charged to costs and expenses | Deductions | Other | Balance, end of year |"}
{"_id": "d8be9babc", "title": "", "text": "| 2009 2008 2007 Amount | Dollars in millions, except per share data | Revenues | Sales by Company-operated restaurants | Revenues from franchised restaurants | Total revenues | Operating costs and expenses | Company-operated restaurant expenses | Franchised restaurants—occupancy expenses | Selling, general & administrative expenses | Impairment and other charges (credits), net | Other operating (income) expense, net | Total operating costs and expenses | Operating income | Interest expense | Nonoperating (income) expense, net | Gain on sale of investment | Income from continuing operations before provision for income taxes | Provision for income taxes | Income from continuing operations | Income from discontinued operations (net of taxes of $35) | Net income | Income per common share—diluted | Continuing operations | Discontinued operations | Net income | Weighted-average common shares outstanding—diluted |"}
{"_id": "d8b505084", "title": "", "text": "| Fiscal Years Operating Leases | 2016 | 2017 | 2018 | 2019 | 2020 | Later Years | Total |"}
{"_id": "d8bff25a0", "title": "", "text": "ÿþimpact pretax income.\n The net income (loss) of the CIEs is reflected in net income (loss) attributable to noncontrolling  interests.\n The results of operations of the CIEs are reflected in the Corporate & Other segment.\n On a consolidated basis,  the management fees we earn for the services we provide to the CIEs and the related general and administrative expenses  are eliminated and the changes in the assets and liabilities related to the CIEs, primarily debt and underlying syndicated  loans, are reflected in net investment income.\n We continue to include the fees in the management and financial advice  fees line within our Asset Management segment.\n  While our consolidated financial statements are prepared in accordance with U.\nS.\n generally accepted accounting principles  (  GAAP  ), management believes that operating measures, which exclude net realized gains or losses; the market impact  on variable annuity guaranteed benefits, net of hedges and the related DSIC and DAC amortization; the market impact on  indexed universal life benefits, net of hedges and the related DAC amortization, unearned revenue amortization and the  reinsurance accrual; integration and restructuring charges; income (loss) from discontinued operations; and the impact of  consolidating CIEs, best reflect the underlying performance of our core operations and facilitate a more meaningful trend  analysis.\n While the consolidation of the CIEs impacts our balance sheet and income statement, our exposure to these  entities is unchanged and there is no impact to the underlying business results.\n Management uses certain of these  non-GAAP measures to evaluate our financial perfor"}
{"_id": "d87dc680c", "title": "", "text": "| ALICO’s Operations   Included in MetLife’s   Results for the   Year Ended December 31, 2010  (In millions) | Total revenues | Income (loss) from continuing operations, net of income tax |"}
{"_id": "d8e2645b6", "title": "", "text": "| Fixed Maturity Securities Years Ended December 31, Equity Securities Years Ended December 31, Total Years Ended December 31, | 2009 | (In millions) | Proceeds | Gross investment gains | Gross investment losses | Total OTTI losses recognized in earnings: | Credit-related | Other -1 | Total OTTI losses recognized in earnings | Net investment gains (losses) |"}
{"_id": "d8e6d7da0", "title": "", "text": "The Companys Regional Affiliates include carriers with which it has capacity purchase agreements: AMR Eagle and two independent carriers, Trans States Airlines, Inc.  (Trans States) and Chautauqua Airlines, Inc.  (Chautauqua).\nIn 2003, American had capacity purchase agreements with AMR Eagle, Chautauqua and Trans States for the full year.\nIn 2002, American had a capacity purchase agreement with Chautauqua for the full year and a capacity purchase agreement with Trans States beginning in November 2002.\nPrior to entering into capacity purchase agreements with these carriers, American had revenue proration agreements with the carriers, whereby revenues were allocated to the carriers based on industry standard mileage proration agreements and were not recorded as Regional Affiliates revenue.\nRegional Affiliates passenger revenues, which are based on industry standard mileage proration agreements for flights connecting to American flights, increased $1.4 billion to $1.5 billion primarily as a result of Americans capacity purchase agreement with AMR Eagle.\nSee Note 13 to the consolidated financial statements for more information.\nOther revenues increased 10.8 percent, or $97 million, to $994 million due to increases in (i) airfreight service fees due primarily to fuel surcharges, (ii) AAdvantage program fees, (iii) employee travel service charges, (iv) excess baggage fees and (v) ticket change fees coupled with changes to the Companys change fee arrangements with travel agencies.\nThese increases were offset somewhat by decreases in contract maintenance work that American performs for other airlines."}
{"_id": "d8d1371e4", "title": "", "text": "Year Ended December 31, 2014"}
{"_id": "d8e4614b8", "title": "", "text": "| Total perBOE Total UnitedStates EquatorialGuinea Israel NorthSea Other Int'l,Corporate-1 | (millions, except per unit) | Year Ended December 31, 2011 | Lease Operating Expense-2 | Production and Ad Valorem Taxes | Transportation Expense | Total Production Expense-3 | Total Production Expense per BOE | Year Ended December 31, 2010 | Lease Operating Expense-2 | Production and Ad Valorem Taxes | Transportation Expense | Total Production Expense-3 | Total Production Expense per BOE | Year Ended December 31, 2009 | Lease Operating Expense-2 | Production and Ad Valorem Taxes | Transportation Expense | Total Production Expense-3 | Total Production Expense per BOE |"}
{"_id": "d88f63b28", "title": "", "text": "| Year ended December 31, | $ in millions | Equity in earnings of unconsolidated affiliates | Interest and dividend income | Interest income of consolidated investment products | Gains/(losses) of consolidated investment products, net | Interest expense | Interest expense of consolidated investment products | Other gains and losses, net | Total other income and expenses |"}
{"_id": "d895caa0c", "title": "", "text": "| Year Ended December | in millions | Management and other fees | Incentive fees | Transaction revenues | Total net revenues | Operating expenses | Pre-tax earnings | 2005 | Discount rate | Assets: | Expected rate of return | Actual rate of return | Actual 10 year average annual compounded rate of return |"}
{"_id": "d889f766c", "title": "", "text": "(1) On October 1, 2014, FIA Card Services, N. A.  was merged into Bank of America, N. A.\n(2) Represents the total long-term debt included in the liabilities of consolidated VIEs on the Consolidated Balance Sheet.\nTrust Preferred and Hybrid Securities Trust preferred securities (Trust Securities) are primarily issued by trust companies (the Trusts) that are not consolidated.\nThese Trust Securities are mandatorily redeemable preferred security obligations of the Trusts.\nThe sole assets of the Trusts generally are junior subordinated deferrable interest notes of the Corporation or its subsidiaries (the Notes).\nThe Trusts generally are 100 percent-owned finance subsidiaries of the Corporation.\nObligations associated with the Notes are included in the longterm debt table on page 208.\nCertain of the Trust Securities were issued at a discount and may be redeemed prior to maturity at the option of the Corporation.\nThe Trusts generally have invested the proceeds of such Trust Securities in the Notes.\nEach issue of the Notes has an interest rate equal to the corresponding Trust Securities distribution rate.\nThe Corporation has the right to defer payment of interest on the Notes at any time or from time to time for a period not exceeding five years provided that no extension period may extend beyond the stated maturity of the relevant Notes.\nDuring any such extension period, distributions on the Trust Securities will also be deferred and the Corporations ability to pay dividends on its common and preferred stock will be restricted.\nThe Trust Securities generally are subject to mandatory redemption upon repayment of the related Notes at their stated maturity dates or their earlier redemption at a redemption price equal to their liquidation amount plus accrued distributions to the date fixed for redemption and the premium, if any, paid by the Corporation upon concurrent repayment of the related Notes.\nPeriodic cash payments and payments upon liquidation or redemption with respect to Trust Securities are guaranteed by the Corporation or its subsidiaries to the extent of funds held by the Trusts (the Preferred Securities Guarantee).\nThe Preferred Securities Guarantee, when taken together with the Corporations other obligations including its obligations under the Notes, generally will constitute a full and unconditional guarantee, on a subordinated basis, by the Corporation of payments due on the Trust Securities.\nIn 2013, the Corporation entered into various agreements with certain Trust Securities holders pursuant to which the Corporation paid $933 million in cash in exchange for $934 million aggregate liquidation amount of previously issued Trust Securities.\nUpon the exchange, the Corporation immediately surrendered the Trust Securities to the unconsolidated Trusts for cancellation, resulting in the cancellation of an equal amount of junior subordinated notes that had a carrying value of $934 million, resulting in an insignificant gain."}
{"_id": "d8d0d5296", "title": "", "text": "In addition, the Company has created a trust that is a VIE, to facilitate Prudential Insurance’s Funding Agreement Notes Issuance Program (“FANIP”).\nThe trust issues medium-term notes secured by funding agreements issued to the trust by Prudential Insurance with the proceeds of such notes.\nThe Company is the primary beneficiary of the trust, which is therefore consolidated.\nThe funding agreements represent an intercompany transaction that is eliminated upon consolidation.\nHowever, in recognition of the security interest in such funding agreements, the trust’s medium-term note liability of $8,535 million and $6,537 million at December 31, 2007 and 2006, respectively, is classified on the Consolidated Statements of Financial Position within “Policyholders’ account balances.\n” See Note 8 for more information on FANIP.\nSignificant Variable Interests in Unconsolidated Variable Interest Entities The Company is the collateral manager for certain asset backed investment vehicles (commonly referred to as collateralized debt obligations, or “CDOs”), for which the Company earns fee income.\nAdditionally, the Company may invest in debt or equity securities issued by these CDOs.\nCDOs raise capital by issuing debt and equity securities, and use the proceeds to purchase investments, typically interest-bearing financial instruments.\nThe Company has determined that it is the primary beneficiary of two CDOs it manages at December 31, 2007 and one CDO it managed at December 31, 2006, which are consolidated and reflected in the table above.\nThe Company’s maximum exposure to loss resulting from its relationship with unconsolidated CDOs it manages is limited to its investment in the CDOs, which was $143 million and $122 million at December 31, 2007 and 2006, respectively.\nThese investments are reflected in “Fixed maturities, available for sale.\n” In addition, in the normal course of its activities, the Company will invest in structured investments, some of which are VIEs.\nThese structured investments typically invest in fixed income investments and are managed by third parties.\nThe Company’s maximum exposure to loss on these structured investments, both VIEs and non-VIEs, is limited to the amount of its investment.\nIncluded among these structured investments are asset-backed securities issued by VIEs that manage investments in the European market.\nIn addition to a stated coupon, each investment provides a return based on the VIE’s portfolio of assets and related investment activity.\nThe Company accounts for these investments as available for sale fixed maturities containing embedded derivatives that are\ntrading.\nThese trading investments are reflected on the balance sheet as “Trading account assets supporting insurance liabilities, at fair value.\n” Realized and unrealized gains and losses for these investments are reported in “Asset management fees and other income.\n” Investment income for these investments is reported in “Net investment income.\n” The following table sets forth the composition of this portfolio as of the dates indicated."}
{"_id": "d8d3b0d08", "title": "", "text": "Stock-Based and Other Management Compensation Plans In April 2009, the Company approved a global incentive plan which replaces the Companys 2004 stock incentive plan.\nThe 2009 Global Incentive Plan (GIP) enables the compensation committee of the Board of Directors to award incentive and nonqualified stock options, stock appreciation rights, shares of Series A common stock, restricted stock, restricted stock units (RSUs) and incentive bonuses (which may be paid in cash or stock or a combination thereof), any of which may be performance-based, with vesting and other award provisions that provide effective incentive to Company employees (including officers), non-management directors and other service providers.\nUnder the 2009 GIP, the Company no longer can grant RSUs with the right to participate in dividends or dividend equivalents.\nThe maximum number of shares that may be issued under the 2009 GIP is equal to 5,350,000 shares plus (a) any shares of Series A common stock that remain available for issuance under the 2004 Stock Incentive Plan (SIP) (not including any shares of Series A common stock that are subject to outstanding awards under the 2004 SIP or any shares of Series A common stock that were issued pursuant to awards under the 2004 SIP) and (b) any awards under the 2004 stock incentive plan that remain outstanding that cease for any reason to be subject to such awards (other than by reason of exercise or settlement of the award to the extent that such award is exercised for or settled in vested and non-forfeitable shares).\nAs of December 31, 2010, total shares available for awards and total shares subject to outstanding awards are as follows:"}
{"_id": "d8e5e5924", "title": "", "text": "Notes to the Consolidated Financial Statements Other Acquisitions In 2018, 2017, and 2016, the Company completed several smaller business acquisitions.\nThe total consideration paid for these acquisitions, net of cash acquired, debt assumed and other post closing adjustments, was $108 million, $74 million and $43 million, respectively.\nIn January 2018, PPG acquired ProCoatings, a leading architectural paint and coatings wholesaler located in The Netherlands.\nProCoatings, established in 2001, distributes a large portfolio of well-known professional paint brands through its network of 23 multi-brand stores.\nThe company employs nearly 100 people.\nThe results of this business since the date of acquisition have been reported within the architectural coatings Americas and Asia Pacific business within the Performance Coatings reportable segment.\nIn January 2017, PPG acquired certain assets of automotive refinish coatings company Futian Xinshi (Futian), based in the Guangdong province of China.\nFutian distributes its products in China through a network of more than 200 distributors.\nIn January 2017, PPG completed the acquisition of DEUTEK S. A. , a leading Romanian paint and architectural coatings manufacturer, from the Emerging Europe Accession Fund.\nDEUTEK, established in 1993, manufactures and markets a large portfolio of well-known professional and consumer paint brands, including OSKAR and Danke!.\nThe companys products are sold in more than 120 do-it-yourself stores and 3,500 independent retail outlets in Romania.\nDivestitures Glass Segment In 2017, PPG completed a multi-year strategic shift in the Company's business portfolio, resulting in the exit of all glass operations which consisted of the global fiber glass business, PPG's ownership interest in two Asian fiber glass joint ventures and the flat glass business.\nAccordingly, the results of operations, including the gains on the divestitures, and cash flows have been recast as discontinued operations for all periods presented.\nPPG now has two reportable business segments."}
{"_id": "d813ebdb0", "title": "", "text": "| Amount Percent of Total Outstandings | Dollars in millions | Commercial | Commercial real estate | Equipment lease financing | Consumer | Residential real estate | Other | Total |"}
{"_id": "d87e8c534", "title": "", "text": "The preliminary purchase price allocation resulted in goodwill, included in the North America merchant services segment, of $271.6 million.\nSuch goodwill is attributable primarily to synergies with the services offered and markets served by PayPros.\nThe goodwill associated with the acquisition is not deductible for tax purposes.\nThe customer-related intangible assets and the contract-based intangible assets have an estimated amortization period of 13 years.\nThe acquired technology has an estimated amortization period of 7 years."}
{"_id": "d898dd960", "title": "", "text": "Financial Condition At December 31, 2015, our net assets were $6.2 billion, representing total assets minus total liabilities, a decrease from $6.6 billion at December 31, 2014.\nThe decrease was due primarily to share repurchases of $1.6 billion, dividends of $323 million, and an increase in Accumulated other comprehensive loss of $289 million related primarily to an increase in the postretirement benefit obligation, partially offset by Net income of $1.4 billion for the year ended December 31, 2015.\nWorking capital increased by $77 million from $809 million at December 31, 2014 to $886 million at December 31, 2015.\nAccumulated other comprehensive loss increased $289 million at December 31, 2015 as compared to December 31, 2014, which was primarily driven by the following: ?\nnegative net foreign currency translation adjustments of $436 million, which are attributable to the strengthening of the U. S.  dollar against certain foreign currencies, ?\na decrease of $155 million in net post-retirement benefit obligations, and ?\nnet financial instrument losses of $8 million."}
{"_id": "d8f238e60", "title": "", "text": "| Years Ended December 31, | 2011 | (in millions) | Current income tax: | Federal | State and local | Foreign | Total current income tax | Deferred income tax: | Federal | State and local | Foreign | Total deferred income tax | Total income tax provision |"}
{"_id": "d8bd4baf4", "title": "", "text": "| July 31, | (In thousands) | Current deferred income taxes | Long-term deferred income taxes | Total net deferred tax assets, net of valuation allowance |"}
{"_id": "d898ef05c", "title": "", "text": "| Consolidated Statement of Operations Data Fiscal | (In millions, except per share amounts) | Total net revenue | Total costs and expenses | Operating income from continuing operations | Total share-based compensation expense included in total costs and expenses | Net income from continuing operations | Net income (loss) from discontinued operations | Net income | Net income per common share: | Basic net income per share from continuing operations | Basic net income (loss) per share from discontinued operations | Basic net income per share | Diluted net income per share from continuing operations | Diluted net income (loss) per share from discontinued operations | Diluted net income per share | Dividends declared per common share |"}
{"_id": "d8726490a", "title": "", "text": "Loans and Lending Commitments The table below presents the difference between the aggregate fair value and the aggregate contractual principal amount for loans and long-term receivables for which the fair value option was elected.\nIn the table above, the aggregate contractual principal amount of loans on nonaccrual status and/or more than 90 days past due (which excludes loans carried at zero fair value and considered uncollectible) exceeds the related fair value primarily because the firm regularly purchases loans, such as distressed loans, at values significantly below the contractual principal amounts.\nAs of December 2017 and December 2016, the fair value of unfunded lending commitments for which the fair value option was elected was a liability of $31 million and $80 million, respectively, and the related total contractual amount of these lending commitments was $9.94 billion and $7.19 billion, respectively.\nSee Note 18 for further information about lending commitments."}
{"_id": "d89e289a6", "title": "", "text": "| Basel III Regulatory Capital Levels | January 1, 2015 | Tier 1 Common | Tier 1 risk-based capital ratio | Total risk-based capital ratio |"}
{"_id": "d873106c4", "title": "", "text": "Position.\nAt December 31, 2014, and 2013, receivables classified as other assets were reduced by allowances of $16 million and $22 million, respectively.\nReceivables Securitization Facility – On July 29, 2014, we completed the renewal of our receivables securitization facility.\nThe new $650 million, 3-year facility replaces the prior $600 million, 364-day facility.\nUnder the facility, the Railroad sells most of its eligible third-party receivables to Union Pacific Receivables, Inc.  (UPRI), a wholly-owned, bankruptcy-remote subsidiary that may subsequently transfer, without recourse, an undivided interest in accounts receivable to investors.\nThe investors have no recourse to the Railroad’s other assets except for customary warranty and indemnity claims.\nCreditors of the Railroad do not have recourse to the assets of UPRI.\nThe amount outstanding under the facility was $400 million and $0 at December 31, 2014, and December 31, 2013, respectively.\nThe facility was supported by $1.2 billion and $1.1 billion of accounts receivable as collateral at December 31, 2014, and December 31, 2013, respectively, which, as a retained interest, is included in accounts receivable, net in our Consolidated Statements of Financial Position.\nThe outstanding amount the Railroad is allowed to maintain under the facility, with a maximum of $650 million, may fluctuate based on the availability of eligible receivables and is directly affected by business volumes and credit risks, including receivables payment quality measures such as default and dilution ratios.\nIf default or dilution ratios increase one percent, the allowable outstanding amount under the facility would not materially change.\nThe costs of the receivables securitization facility include interest, which will vary based on prevailing benchmark and commercial paper rates, program fees paid to participating banks, commercial paper issuing costs, and fees of participating banks for unused commitment availability.\nThe costs of the receivables securitization facility are included in interest expense and were $4 million, $5 million and $3 million for 2014, 2013, and 2012, respectively.12."}
{"_id": "d89678440", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | 2013 | Attritional | Catastrophes | Total segment | 2012 | Attritional | Catastrophes | Total segment | 2011 | Attritional | Catastrophes | Total segment | Variance 2013/2012 | Attritional | Catastrophes | Total segment | Variance 2012/2011 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8204fe08", "title": "", "text": "expects to have sufficient liquidity to finance its announced capital growth projects.\nONEOK Partners believes that its available credit and cash and cash equivalents are adequate to meet liquidity requirements associated with commodity price volatility.\nSee discussion under “Commodity Price Risk” in Part I, Item 7A, Quantitative and Qualitative Disclosures about Market Risk in our Annual Report, for information on ONEOK Partners’ hedging activities.\nPension and Postretirement Benefit Plans - Information about our pension and postretirement benefits plans, including anticipated contributions, is included under Note N of the Notes to Consolidated Financial Statements in this Annual Report.\nDuring 2014, we made no contributions to our defined benefit pension plans, and $2.0 million in contributions to our postretirement benefit plans for both continuing and discontinued operations.\nThe contributions to our postretirement benefit plans were attributable to the 2014 plan year.\nWe expect to make $1.5 million in contributions to our defined benefit pension and postretirement plans in 2015."}
{"_id": "d8247e06a", "title": "", "text": "Our long-term debt, including the current portion, was $31.1 billion at December 30, 2017 and $31.8 billion at December 31, 2016.\nThe decrease in long- term debt was primarily due to our June 2017 repayment of approximately $2.0 billion aggregate principal amount of senior notes that matured in the period and our August 2017 repayment of the $600 million aggregate principal amount Term Loan Facility.\nThe decrease was partially offset by approximately $1.5 billion aggregate principal amount of long-term debt issued in August 2017.\nOur long-term debt contains customary representations, covenants, and events of default.\nWe were in compliance with all such covenants at December 30, 2017.\nSee Note 16, Debt, to the consolidated financial statements for additional information.\nWe have approximately $2.5 billion aggregate principal amount and $C200 million aggregate principal amount of senior notes that will mature in the third quarter of 2018.\nWe expect to fund these long-term debt repayments primarily with new long-term debt issuances, cash on hand, and cash generated from our operating activities."}
{"_id": "d8d4c53e2", "title": "", "text": "| Years Ended | September 27, 2008 | Amount | Service and Other Revenues |"}
{"_id": "d8eca4eb8", "title": "", "text": "| As of February 28 or 29 | (In millions) | Warehouse facility | Term securitizations | Loans held for investment | Loans held for sale | Total ending managed receivables |"}
{"_id": "d8e3a8ec2", "title": "", "text": "| For the Year Ended December 31 | ($ in millions) | Sales | Cost of sales | Gross profit | Gross profit margin |"}
{"_id": "d88e376f0", "title": "", "text": "| Number of Units (In thousands) Weighted   Average   Fair Value  (In $) | Nonvested at December 31, 2008 | Granted | Vested | Forfeited | Nonvested at December 31, 2009 |"}
{"_id": "d8a08687e", "title": "", "text": "In the normal course of business, we offer products that provide book value protection primarily to plan participants in stable value funds of postretirement defined contribution benefit plans, particularly 401(k) plans.\nThe book value protection is provided on portfolios of intermediate, investment grade fixed-income securities, and is intended to provide safety and stable growth of principal invested.\nThe protection is intended to cover any shortfall in the event that a significant number of plan participants\nApproximately 61% of the $1.4 billion increase in total fee revenue over 2006 was generated from servicing and management fees.\nServicing Fees Servicing fees include fee revenue from U. S.  mutual funds, collective investment funds worldwide, corporate and public retirement plans, insurance companies, foundations, endowments, and other investment pools.\nProducts and services include custody; product- and participant-level accounting; daily pricing and administration; recordkeeping; investment manager and hedge fund manager operations outsourcing services; master trust and master custody; and performance, risk and compliance analytics.\nThe increase in servicing fees of $665 million from 2006 primarily resulted from the inclusion of $304 million of servicing fee revenue from the acquired Investors Financial business, net new business from existing and new customers, higher average equity market valuations and higher customer transaction volumes.\nNet new business is defined as new business net of lost business.\nFor 2007, servicing fees generated from customers outside the U. S.  were approximately 41% of total servicing fees, down from 44% in 2006.\nThe decrease in the non-U.\nS.  proportion reflected the contribution of servicing fees from the acquired Investors Financial business, which are generated predominantly in the U. S.  We are the largest provider of mutual fund custody and accounting services in the United States.\nWe distinguish ourselves from other mutual fund service providers by offering customers a broad array of integrated products and services, including accounting, daily pricing and fund administration.\nWe calculate more than 34% of the U. S.  mutual fund prices provided to NASDAQ that appear daily in The Wall Street Journal and other publications with an accuracy rate of 99.9%.\nWe have a leading position for servicing U. S.  tax-exempt assets for corporate and public pension funds.\nWe provide trust and valuation services for more than 4,000 daily-priced portfolios, making us a leader for both monthly and daily valuation services.\nWe are a leading service provider outside of the U. S.  as well.\nIn Germany, we provide Depotbank services for approximately 16% of retail and institutional fund assets.\nIn the United Kingdom, we provide custody services for 18% of pension fund assets and provide administration services to more than 24% of mutual fund assets.\nWe service approximately 23% of the hedge fund market and more than $650 billion of offshore assets, primarily domiciled in Ireland and Luxembourg.\nWe have more than $1 trillion in assets under administration in the Asia/Pacific region, and are the largest nondomestic trust bank in Japan.\nAt year-end 2007, our total assets under custody were $15.30 trillion, compared to $11.85 trillion a year earlier.\nThe value of assets under custody is a broad measure of the relative size of various markets served.\nChanges in the value of assets under custody do not necessarily result in proportional changes in revenue.\nAssets under custody consisted of the following at December 31: ASSETS UNDER CUSTODY"}
{"_id": "d87eff296", "title": "", "text": "MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 42 Fifth Third Bancorp of two risk grading systems.\nThe risk grading system currently utilized for reserve analysis purposes encompasses ten categories.\nThe Bancorp also maintains a dual risk rating system that provides for thirteen probabilities of default grade categories and an additional six grade categories for estimating actual losses given an event of default.\nThe probability of default and loss given default evaluations are not separated in the ten-grade risk rating system.\nThe Bancorp has completed significant validation and testing of the dual risk rating system.\nScoring systems, various analytical tools and delinquency monitoring are used to assess the credit risk in the Bancorps homogenous consumer loan portfolios.\nOverview During 2008, general economic conditions continued to deteriorate which had an adverse impact across the majority of the Bancorps loan and lease products.\nGeographically, the Bancorp experienced the most stress in the states of Michigan and Florida due to the decline in real estate prices.\nReal estate price deterioration, as measured by the Home Price Index, was most prevalent in Florida due to past real estate price appreciation and related over-development, and in Michigan due in part to cutbacks by automobile manufacturers.\nThe year-over-year deterioration in home prices has been as high as 20% in some of the Bancorps hardest hit geographies.\nAmong portfolios, the commercial homebuilder and developer, non-owner occupied residential mortgage and brokered home equity portfolios exhibited the most stress.\nManagement suspended new lending to homebuilders and to commercial non-owner occupied real estate, discontinued the origination of brokered home equity products and raised underwriting standards on non-owner occupied residential mortgages.\nDuring the fourth quarter, in an effort to reduce loan exposure to the real estate and construction industries and obtain the highest realizable value, the Bancorp sold or moved to heldfor-sale $1.3 billion in commercial loan balances.\nThe Bancorp recognized $800 million in net charge-offs on these loans with approximately 49% of the losses representing real estate secured loans in Florida and 44% of the losses representing real estate secured loans in Michigan.\nThroughout 2008, the Bancorp aggressively engaged in other loss mitigation techniques such as reducing lines of credit, restructuring certain consumer loans, tightening certain underwriting standards and expanding commercial and consumer loan workout teams.\nThe following credit information presents the Bancorps loan portfolio diversification, an analysis of nonperforming loans and loans charged-off and a discussion of the allowance for credit losses.\nCommercial Portfolio The Bancorps credit risk management strategy includes minimizing concentrations of risk through diversification.\nTable 27 provides breakouts of the total commercial loan and lease portfolio, including held for sale, by major industry classification (as defined by the North American Industry Classification System), by loan size and by state, illustrating the diversity and granularity of the Bancorps commercial portfolio.\nThe Bancorp has commercial loan concentration limits based on industry, lines of business within the commercial segment and real estate project type.\nAs of December 31, 2008, the Bancorp had homebuilder exposure of $4.0 billion and outstanding loans of $2.7 billion with $366 million of portfolio commercial loans and $215 million in held-for-sale commercial loans in nonaccrual loans.\nAs of December 31, 2008, approximately 41% of the outstanding loans to homebuilders are located in the states of Michigan and Florida and represent approximately 58% of the nonaccrual loans.\nAs of December 31, 2007, the Bancorp had homebuilder exposure of $4.4 billion, outstanding loans of $2.9 billion with $176 million in nonaccrual loans.\nThe risk within the commercial real estate portfolio is managed and monitored through an underwriting process utilizing detailed origination policies, continuous loan level reviews, the monitoring of industry concentration and product type limits and continuous portfolio risk management reporting.\nThe origination policies for commercial real estate outline the risks and underwriting requirements for owner occupied, non-owner occupied and construction lending.\nIncluded in the policies are maturity and amortization terms, maximum loan-to-values (LTV), minimum debt service coverage ratios, construction loan monitoring procedures, appraisal requirements, pre-leasing requirements (as applicable) and sensitivity and proforma analysis requirements.\nThe commercial real estate portfolio is diversified by product type, loan size and geographical location with concentration levels established to manage the exposure.\nAppraisals are obtained from qualified appraisers and are reviewed by an independent appraisal review group to ensure independence and consistency in the valuation process.\nAppraisal values are updated on an as needed basis, in conformity with market conditions and regulatory requirements.\nTable 26 provides further information on the location of commercial real estate and construction industry loans and leases.\nThe commercial portfolio has minimal direct exposure to auto manufactures and their suppliers, although any further deterioration of those industries would have negative impacts across the Bancorps lending products.\nAs of December 31, 2008, the Bancorp had automobile dealer exposure, included within the retail trade industry, of $3.1 billion and outstanding loans of $2.0 billion with $113 million in nonaccrual loans."}
{"_id": "d882a7074", "title": "", "text": "The December 31, 2016 and 2015 pension actuarial (gain) loss primarily relates to weighted average discount rate assumption changes and changes to our mortality assumptions.\nThe December 31, 2016 and 2015 retiree medical and other postretirement benefits actuarial gain primarily relates to medical trend and cost assumption changes, favorable plan experience adjustments and weighted average discount rate assumption changes.\nAt December 31, 2015, certain trust assets totaling approximately $24 million, were added to the retiree medical and other postretirement benefits plans asset values that were previously offset against the benefit obligation."}
{"_id": "d8204fe4e", "title": "", "text": "CASH FLOW ANALYSIS We use the indirect method to prepare our Consolidated Statements of Cash Flows.\nUnder this method, we reconcile net income to cash flows provided by operating activities by adjusting net income for those items that impact net income but do not result in actual cash receipts or payments during the period and for operating cash items that do not impact net income.\nThese reconciling items include depreciation and amortization, allowance for equity funds used during construction, gain or loss on sale of assets, equity earnings from investments, distributions received from unconsolidated affiliates, deferred income taxes, share-based compensation expense, other amounts, and changes in our assets and liabilities not classified as investing or financing activities.\nThe following table sets forth the changes in cash flows by operating, investing and financing activities for the periods indicated:"}
{"_id": "d82267a42", "title": "", "text": "| 2004 2003 2002 | Changes in Contingent Stock Plan shares: | Number of shares available, beginning of year | Shares issued for new awards | Contingent stock forfeited | Number of shares available, end of year | Weighted average per share market value of stock on grant date | Changes in Directors Stock Plan shares: | Number of shares available, beginning of year | Shares no longer available under the 1998 Directors Stock Plan | Shares available under the 2002 Directors Stock Plan | Shares granted and issued | Shares granted and deferred | Number of shares available, end of year | Weighted average per share market value of stock on grant date | 2004 | (In millions of dollars, except per share data) | Consolidated Statement of Operations Data: | Net sales | Gross profit | Operating profit-2(3) | Earnings (loss) before income taxes | Net earnings (loss) | Series A convertible preferred stock dividends-4 | Earnings (loss) per common share | Basic | Diluted-5 | Consolidated Balance Sheet Data: | Working capital net asset (net liability)(6) | Total assets-6 | Long-term debt, less current portion-4(6) | Series A convertible preferred stock-4 | Total shareholders' equity | Other Data: | EBIT-7 | Depreciation and amortization-2 | EBITDA-7 | Capital expenditures | Americas | Argentina | Brazil | Canada | Chile | Colombia | Costa Rica | Ecuador | Guatemala | Mexico | Peru | Uruguay | Venezuela | Netherlands |"}
{"_id": "d8a255e02", "title": "", "text": "| As of February 28, 2014 | Options Outstanding | Weighted | Average | Remaining | (Shares in thousands) | Range of Exercise Prices | $11.43 | $13.19 | $19.98 | $25.67 | $32.69 | Total |"}
{"_id": "d8eedf75a", "title": "", "text": "| Operating Leases | 2009 | 2010 | 2011 | 2012 | 2013 | Thereafter | Total future minimum lease payments |"}
{"_id": "d862005a0", "title": "", "text": "| 2012: High Low | January 1, 2012 to March 31, 2012 | April 1, 2012 to June 30, 2012 | July 1, 2012 to September 30, 2012 | October 1, 2012 to December 31, 2012 | 2011: | January 1, 2011 to March 31, 2011 | April 1, 2011 to June 30, 2011 | July 1, 2011 to September 30, 2011 | October 1, 2011 to December 31, 2011 |"}
{"_id": "d83b9f62c", "title": "", "text": "MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 2015 Annual Report / Northern Trust Corporation 64 Corporation Liquidity The liquidity of the Corporation is managed separately from that of the Bank.\nThe primary sources of cash for the Corporation are issuances of debt or equity, dividend payments from the Bank and interest earned on investment securities and money market assets.\nIn 2015, the Corporation received $600.0 million of dividends from the Bank.\nDividends from the Bank are subject to certain restrictions, as discussed in further detail in Note 30, “Restrictions on Subsidiary Dividends and Loans or Advances,” to the consolidated financial statements provided in Item 8, “Financial Statements and Supplementary Data.\n” The Corporation’s uses of cash consist mainly of dividend payments to the Corporation’s stockholders; the payment of principal and interest to note holders; repurchases of its common stock; and investments in, or loans to, its subsidiaries.\nThe most significant uses of cash by the Corporation during 2015 were $496.9 million of common stock repurchases and $321.4 million of common stock dividends.\nThe Corporation’s liquidity, defined as the amount of cash and highly marketable assets, was $757.5 million and $869.4 million at December 31, 2015 and 2014, respectively.\nDuring, and at year-end, 2015 and 2014, these assets were comprised almost entirely of cash in a demand deposit account at the Bank or overnight money market placements, both of which were fully available to the Corporation to support its own cash flow requirements or those of its subsidiaries, as needed.\nAverage liquidity during 2015 and 2014 was $846.2 million and $1.1 billion, respectively.\nThe cash flows of the Corporation are shown in Note 33, “Northern Trust Corporation (Corporation only),” to the consolidated financial statements provided in Item 8, “Financial Statements and Supplementary Data.\n” A significant source of liquidity for both the Corporation and the Bank is the ability to draw funding from capital markets globally.\nThe credit ratings of the Corporation and the Bank as of December 31, 2015, provided below, allow Northern Trust to access capital markets on favorable terms.\nTABLE 35: NORTHERN TRUST CREDIT RATINGS AS OF DECEMBER 31, 2015"}
{"_id": "d88e6bf36", "title": "", "text": "| 2008 2007 | December 31 | (In millions) | Redeemable and non-redeemable preferred stocks: | 0-6 months | 7-11 months | 12-24 months | Total redeemable and non-redeemable preferred stocks | available-for-sale | Available-for-sale equity securities: | 0-6 months | 7-11 months | 12-24 months | Greater than 24 months | Total equity securities available-for-sale | Total fixed maturity and equity securities | available-for-sale |"}
{"_id": "d8c9e1d86", "title": "", "text": "Table 38: Nonperforming Assets\n(a) Excludes most consumer loans and lines of credit not secured by residential real estate, which are charged off after 120 to 180 days past due and are not placed on nonperforming status.\n(b) The recorded investment of loans collateralized by residential real estate property that are in process of foreclosure was $.4 billion and $.6 billion at December 31, 2016 and December 31, 2015, which included $.2 billion and $.3 billion, respectively, of loans that are government insured/guaranteed.\nNonperforming loans also include certain loans whose terms have been restructured in a manner that grants a concession to a borrower experiencing financial difficulties.\nIn accordance with applicable accounting guidance, these loans are considered TDRs.\nSee Note 1 Accounting Policies and the TDR section within this Note.\nTotal nonperforming loans in Table 38 include TDRs of $1.1 billion at both December 31, 2016 and December 31, 2015.\nTDRs that are performing, including consumer credit card TDR loans, totaled $1.1 billion at December 31, 2016 and $1.2 billion at December 31, 2015, and are excluded from nonperforming loans.\nNonperforming TDRs are returned to accrual status and classified as performing after demonstrating a period of at least six months of consecutive performance under the restructured terms.\nLoans where borrowers have been discharged from personal liability through Chapter 7 bankruptcy and have not formally reaffirmed their loan obligations to us and loans to borrowers not currently obligated to make both principal and interest payments under the restructured terms are not returned to accrual status.\nSee the TDRs section of this Note 3 for more information on TDRs.\nAdditional Asset Quality Indicators We have two overall portfolio segments  Commercial Lending and Consumer Lending.\nEach of these two segments comprises multiple loan classes.\nClasses are characterized by similarities in initial measurement, risk attributes and the manner in which we monitor and assess credit risk.\nThe Commercial Lending segment is composed of the commercial, commercial real estate and equipment lease financing loan classes.\nThe Consumer Lending segment is composed of the home equity, residential real estate, credit card and other consumer loan classes.\nCommercial Lending Asset Classes Commercial Loan Class For commercial loans, we monitor the performance of the borrower in a disciplined and regular manner based upon the level of credit risk inherent in the loan.\nTo evaluate the level of credit risk, we assign an internal risk rating reflecting the borrowers PD and LGD.\nThis two-dimensional credit risk rating methodology provides granularity in the risk monitoring process on an ongoing basis.\nThese ratings are reviewed and updated, generally at least once per year.\nAdditionally, no less frequently than on an annual basis, we review PD rates related to each rating grade based upon internal historical data.\nThese rates are updated as needed and augmented by market data as deemed necessary.\nFor small balance homogeneous pools of commercial loans, mortgages and leases, we apply statistical modeling to assist in determining the probability of default within these pools.\nFurther, on a periodic basis, we update our LGD estimates associated with each rating grade based upon historical data.\nThe combination of the PD and LGD ratings assigned to commercial loans, capturing both the combination of expectations of default and loss severity in event of default, reflects the relative estimated likelihood of loss at the reporting date.\nIn general, loans with better PD and LGD"}
{"_id": "d8bfcceea", "title": "", "text": "| (dollar amounts in millions) At December 31, 2018 | Less than 1 Year | Deposits without a stated maturity | Certificates of deposit and other time deposits | Short-term borrowings | Long-term debt | Operating lease obligations | Purchase commitments |"}
{"_id": "d8ee058c0", "title": "", "text": "| 2012 2011 | (In millions) | Time deposits of $100,000 or more, maturing in: | 3 months or less | Over 3 through 6 months | Over 6 through 12 months | Over 12 months | $5,019 |"}
{"_id": "d8a5c0006", "title": "", "text": "| (dollar amounts in millions) At December 31, 2015 | One Yearor Less | Deposits without a stated maturity | Certificates of deposit and other time deposits | Short-term borrowings | Long-term debt | Operating lease obligations | Purchase commitments |"}
{"_id": "d8bf4ef18", "title": "", "text": "Notes to Consolidated Financial Statements (continued) March 31, 2003 (I) Intellectual Property The Company capitalizes as intellectual property costs incurred, excluding costs associated with Company personnel, relating to patenting its technology.\nCapitalized costs, the majority of which represent legal costs, reflect the cost of both awarded patents and patents pending.\nThe Company amortizes the cost of these patents on a straight-line basis over a period of seven years.\nIf the Company elects to stop pursuing a particular patent application or determines that a patent application is not likely to be awarded for a particular patent or elects to discontinue payment of required maintenance fees for a particular patent, the Company at that time records as expense the net capitalized amount of such patent application or patent.\nThe Company does not capitalize maintenance fees for patents."}
{"_id": "d86978f76", "title": "", "text": "General, Administrative and Other General, administrative and other operating expenses primarily consist of fund administration services and shareholder servicing fees payable to external parties, corporate travel and entertainment, advertising and promotion costs, professional fees, and other miscellaneous expenses.\nGeneral, administrative and other operating expenses increased $34.0 million in fiscal year 2013 primarily due to the acquisition of K2 and higher levels of general business activity.\nThe K2 acquisition resulted in a $9.5 million increase in amortization of intangible assets and a $7.7 million increase in the contingent consideration liability.\nHigher business activity levels resulted in increases of $5.1 million in corporate travel expenses, $4.5 million in advertising and promotion expenses and $3.4 million in professional fees."}
{"_id": "d89d96c2c", "title": "", "text": "Table of Contents Index to Financial Statements Income before taxes increased by $27.8 million or 54.7% to $78.7 million for the year ended December 31, 2011 from $50.9 million for the year ended December 31, 2010.\nNet income increased by $16.3 million or 51.8% to $47.7 million for the year ended December 31, 2011 from $31.4 million for the year ended December 31, 2010.\nRevenues Our revenues for the years ended December 31, 2011 and 2010, and the resulting dollar and percentage changes, were as follows:"}
{"_id": "d81b7d574", "title": "", "text": "| Year ended December 31, (in millions)(a) 2005 2004 2003 | U.S. | Non-U.S.(b) | Income before income tax expense |"}
{"_id": "d8c2f11ca", "title": "", "text": "Long Canyon, USA.\nLong Canyon achieved commercial production in November 2016."}
{"_id": "d8a3913c0", "title": "", "text": "| For the Years Ended December 31, | (Millions of Dollars) | Operating revenues | Purchased power | Gas purchased for resale | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Gain on sale of retail electric supply business | Operating income |"}
{"_id": "d8a35567c", "title": "", "text": "Table of Contents During the year ended December 31, 2004, we reduced the valuation allowance by $46.2 million to $18.1 million based on management’s reassessment of the factors impacting the valuation allowance previously recorded.\nSuch factors include seven consecutive quarters of profitable operations in the U. S.  and six consecutive quarters of profitable operations in the U. K. , management’s expectation of our continuing profitable future operations, management’s anticipation that we would be able to utilize certain net operating loss carryforwards in 2004 and our ability to utilize certain of the net operating loss carryforwards in future years prior to expiration.\nWe believe it is likely, but subject to some uncertainty, that approximately 76% of the net operating losses will be utilized prior to their expiration in 2017.\nIn addition, we have temporary differences (defined as the tax effect of the difference between the financial reporting basis and the tax reporting basis of certain balance sheet items) of $13.5 million available as of December 31, 2004.\nAs of December 31, 2003, the gross deferred tax asset was $64.3 million, reduced to a net deferred tax asset of zero by recording a valuation allowance of $64.3 million.\nOur first profitable quarter was the second quarter of 2003.\nWhile we were forecasting increasing revenues and net income for 2004 and 2005, as evidenced by the projections used for the valuations of our common stock as of December 31, 2002 and 2003, management exercised judgment in assessing the positive evidence of the three quarters of profitability and the forecast future year earnings against the negative evidence of accumulated losses, the uncertainty of attainment of forecast future year earnings and the potential likelihood of the realization of the utilization of net operating loss carryforwards.\nFor the year ended December 31, 2003, net income was $4.2 million, bringing the accumulated losses to $113.8 million.\nAdditionally, $40.6 million of our net operating loss carryforward for financial income tax purposes of $137.0 million was subject to Section 382 limitations.\nAccordingly, a 100% valuation allowance against the deferred income tax assets was deemed appropriate as of December 31, 2003.\nThe net operating losses will be carried forward to future years.\nIn addition, we had temporary differences of $13.4 million available as of December 31, 2003.\nAs of December 31, 2002, the gross deferred tax asset was $68.0 million, reduced to a net deferred tax asset of zero by recording a valuation allowance of $68.0 million.\nWhile we were forecasting increasing revenues and a reduced loss for 2003, as well as net income for 2004, as evidenced by the projections used for the valuation of our common stock as of December 31, 2002, management exercised judgment in assessing the positive evidence of the forecast future year earnings against the negative evidence of accumulated losses, the uncertainty of attainment of forecast future year earnings and the potential likelihood of the realization of the utilization of net operating loss carryforwards.\nFor the year ended December 31, 2002, the net loss was $36.1 million, bringing the accumulated losses to $118.0 million.\nAdditionally, $40.6 million of our net operating loss carryforward for financial income tax purposes of $131.5 million was subject to Section 382 limitations.\nAccordingly, a 100% valuation allowance against the deferred tax assets was deemed appropriate as of December 31, 2002."}
{"_id": "d87fae2dc", "title": "", "text": "A reconciliation of the beginning and ending amounts of unrecognized tax benefits is as follows (in millions):"}
{"_id": "d8c2797c4", "title": "", "text": "| Effect on U.S. Pension Plans | (millions) | Discount rate | Expected return on assets |"}
{"_id": "d8d3a9b98", "title": "", "text": "Table of Contents Contractual Obligations The following table summarizes our contractual obligations and commitments as of September 24, 2011:"}
{"_id": "d89a14dc4", "title": "", "text": "AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) As of December 31, 2006, the Company held a total of ten interest rate swap agreements to manage exposure to variable rate interest obligations under its AMT OpCo and SpectraSite credit facilities and four forward starting interest rate swap agreements to manage exposure to variability in cash flows relating to forecasted interest payments in connection with the Securitization which the Company designated as cash flow hedges.\nThe eight American Tower swaps had an aggregate notional amount of $450.0 million and fixed rates ranging between 4.63% and 4.88% and the two SpectraSite swaps have an aggregate notional amount of $100.0 million and a fixed rate of 4.95%.\nThe four forward starting interest rate swap agreements had an aggregate notional amount of $900.0 million, fixed rates ranging between 4.73% and 5.10%.\nAs of December 31, 2006, the Company also held three interest rate swap instruments and one interest rate cap instrument that were acquired in the SpectraSite, Inc.  merger in August 2005 and were not designated as cash flow hedges.\nThe three interest rate swaps, which had a fair value of $6.7 million at the date of acquisition, have an aggregate notional amount of $300.0 million, a fixed rate of 3.88%.\nThe interest rate cap had a notional amount of $175.0 million, a fixed rate of 7.0%, and expired in February 2006.\nAs of December 31, 2006, other comprehensive income includes unrealized gains on short term available-for-sale securities of $10.4 million and unrealized gains related to the interest rate swap agreements in the table above of $5.7 million, net of tax.\nDuring the year ended December 31, 2006, the Company recorded a net unrealized gain of approximately $6.5 million (net of a tax provision of approximately $3.5 million) in other comprehensive loss for the change in fair value of interest rate swaps designated as cash flow hedges and reclassified $0.7 million (net of an income tax benefit of $0.2 million) into results of operations during the year ended December 31, 2006.9."}
{"_id": "d87f5ca86", "title": "", "text": "The decrease in 2008 revenues of $5,478 million compared with 2007, is primarily due to lower revenues at Commercial Airplanes.\nCommercial Airplanes revenues decreased by $5,123 million, primarily as a result of decreases in new airplane deliveries reflecting the effects of the labor strike, partially offset by higher intercompany revenues and higher pre-strike deliveries and model mix.\nWe delivered 104 fewer airplanes than expected during 2008 due to the strike.\nThis reduced revenue by approximately $6.4 billion for the twelve months ended December 31, 2008.\nBDS revenues were unchanged as revenue growth in GS&S was offset by decreases in BMA and N&SS.\nBCC revenues decreased by $112 million primarily due to lower interest income on financing receivables and notes and a decrease in the customer financing portfolio.\nOther segment revenues increased by $259 million primarily due to the sale of four C-17 aircraft during 2008, that were held under an operating lease.\nUnallocated items and eliminations changed by $497 million, primarily due to the intercompany elimination of P-8A revenues recognized by Commercial Airplanes."}
{"_id": "d8b6dd99c", "title": "", "text": "| Years ended December 31, Change | 2014 | Segment operating income1 | Operating margin1 |"}
{"_id": "d8d698976", "title": "", "text": "| December 31, 2017 2016 2015 | Health care cost trend rate assumed next year | Ultimate trend rate | Year that trend reached ultimate rate |"}
{"_id": "d85f36054", "title": "", "text": "MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The $19.5 million decrease in interest expense is primarily attributable to lower outstanding balances on the Company’s lines of credit associated with the financing of the Company’s investment and operating activities.\nThe Company has maintained a significantly lower balance on its lines of credit throughout 2001 compared to 2000, as a result of its property dispositions proceeds used to fund future development, combined with a lower development level as a result of the slower economy.\nAdditionally, the Company paid off $128.5 million of secured mortgage loans throughout 2001, as well as an $85 million unsecured term loan.\nThese decreases were partially offset by an increase in interest expense on unsecured debt as a result of the Company issuing $175.0 million of debt in February 2001, as well as a decrease in the amount of interest capitalized in 2001 versus 2000, because of the decrease in development activity by the Company.\nAs a result of the above-mentioned items, earnings from Rental Operations increased $28.9 million from $225.2 million for the year ended December 31, 2000, to $254.1 million for the year ended December 31, 2001.\nService Operations Service Operations revenues decreased from $82.8 million for the year ended December 31, 2000, to $80.5 million for the year ended December 31, 2001.\nThe Company experienced a decrease of $4.3 million in net general contractor revenues from third party jobs because of a decrease in the volume of construction in 2001, compared to 2000, as well as slightly lower profit margins.\nThis decrease is the effect of businesses delaying or terminating plans to expand in the wake of the slowed economy.\nProperty management, maintenance and leasing fee revenues decreased approximately $2.7 million mainly because of a decrease in landscaping maintenance revenue associated with the sale of the landscape business in the third quarter of 2001 (see discussion below).\nConstruction management and development activity income represents construction and development fees earned on projects where the Company acts as the construction manager along with profits from the Company’s held for sale program whereby the Company develops a property for sale upon completion.\nThe increase in revenues of $2.2 million in 2001 is primarily because of an increase in profits on the sale of properties from the held for sale program.\nOther income increased approximately $2.4 million in 2001 over 2000; due to a $1.8 million gain the Company recognized on the sale of its landscape business in the third quarter of 2001.\nThe sale of the landscape business resulted in a total net profit of over $9 million after deducting all related expenses.\nThis gain will be recognized in varying amounts over the next seven years because the Company has an on-going contract to purchase future services from the buyer.\nService Operations expenses decreased by $4.7 million for the year ended December 31, 2001, compared to the same period in 2000, as the Company reduced total overhead costs throughout 2001 in an effort to minimize the effects of decreased construction and development activity.\nThe primary savings were experienced in employee salary and related costs through personnel reductions and reduced overhead costs from the sale of the landscaping business.\nAs a result, earnings from Service Operations increased from $32.8 million for the year ended December 31, 2000, to $35.1 million for the year ended December 31, 2001.\nGeneral and Administrative Expense General and Administrative Expense decreased from $21.1 million in 2000 to $15.6 million for the year ended December 31, 2001, through overhead cost reduction efforts.\nIn late 2000 and continuing throughout 2001, the Company introduced several cost cutting measures to reduce the amount of overhead, including personnel reductions, centralization of responsibilities and reduction of employee costs such as travel and entertainment."}
{"_id": "d8f304088", "title": "", "text": "| Millions 2012 2011 2010 % Change 2012 v 2011 % Change 2011 v 2010 | Compensation and benefits | Fuel | Purchased services and materials | Depreciation | Equipment and other rents | Other | Total |"}
{"_id": "d8b8f3740", "title": "", "text": "| Year ended December 31In millions 2014 2013 | Net interest income | Noninterest income | Total customer-related trading revenue | Securities trading (b) | Foreign exchange | Financial derivatives and other | Total customer-related trading revenue |"}
{"_id": "d871ce338", "title": "", "text": "However, research and development headcount at the end of fiscal year 2017 decreased to 1,192 from 1,211 at the end of fiscal year 2016 due to a reduction in workforce that took place in the fourth quarter of fiscal year 2017.\nResearch and development expense included stock-based compensation expense of $47.3 million, $53.4 million and $52.6 million for fiscal years 2018, 2017 and 2016, respectively.\nWe expect research and development expenses to be consistent as a percentage of net revenue in the foreseeable future."}
{"_id": "d895f0f40", "title": "", "text": "| Total UnitedStates WestAfrica-1 EasternMediter-ranean-2 NorthSea Other Int'l,Corporate-3 | (millions) | Year Ended December 31, 2011 | Dry Hole Expense | Seismic | Staff Expense | Other | Total Exploration Expense | Year Ended December 31, 2010 | Dry Hole Expense | Seismic | Staff Expense | Other | Total Exploration Expense | Year Ended December 31, 2009 | Dry Hole Expense | Seismic | Staff Expense | Other | Total Exploration Expense |"}
{"_id": "d8dfa178e", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | Beginning balance as of January 1, | Included in earnings | Included in regulatory assets and liabilities | Purchases | Sales (a) | Settlements | Ending balance as of December 31, |"}
{"_id": "d8acffa4c", "title": "", "text": "MetLife, Inc.  Notes to the Consolidated Financial Statements — (Continued) Properties acquired through foreclosure were $165 million, $127 million and less than $1 million for the years ended December 31, 2010, 2009 and 2008, respectively, and includes commercial, agricultural and residential properties.\nAfter the Company acquires properties through foreclosure, it evaluates whether the property is appropriate for retention in its traditional real estate portfolio.\nForeclosed real estate held at December 31, 2010 and 2009 includes those properties the Company has not selected for retention in its traditional real estate portfolio and which do not meet the criteria to be classified as held-for-sale.\nThe wholly-owned real estate within traditional real estate is net of accumulated depreciation of $1.7 billion and $1.4 billion at December 31, 2010 and 2009, respectively.\nRelated depreciation expense on traditional wholly-owned real estate was $151 million, $135 million and $136 million for the years ended December 31, 2010, 2009 and 2008, respectively.\nThese amounts include depreciation expense related to discontinued operations of less than $1 million for the year ended December 31, 2010, and $1 million for both the years ended December 31, 2009 and 2008.\nThe estimated fair value of the traditional real estate investment portfolio was $6.6 billion and $5.4 billion at December 31, 2010, and 2009, respectively.\nImpairments recognized on real estate held-for-investment were $48 million, $160 million and $20 million for the years ended Decem- ber 31, 2010, 2009 and 2008, respectively.\nImpairments recognized on real estate held-for-sale were $1 million for the year ended December 31, 2010.\nThere were no impairments recognized on real estate held-for-sale for each of the years ended December 31, 2009 and 2008.\nThe Company’s carrying value of real estate held-for-sale has been reduced by impairments recorded prior to 2009 of $1 million at both December 31, 2010 and 2009.\nThe carrying value of non-income producing real estate was $137 million, $76 million and $28 million at December 31, 2010, 2009 and 2008, respectively.\nThe Company diversifies its real estate investments by both geographic region and property type to reduce risk of concentration.\nThe Company’s real estate investments are primarily located in the United States, at 88%, with the remaining 12% located outside the United States , at December 31, 2010.\nThe three locations with the largest real estate investments were California, Florida and Japan at 21%, 12% and 10%, respectively, at December 31, 2010.\nThe Company’s real estate investments by property type are categorized as follows:"}
{"_id": "d8e41ad2e", "title": "", "text": "| (Amounts in millions) Amount | Unrecognized tax benefits as of December 31, 2006 | Gross increases – tax positions in prior periods | Gross decreases – tax positions in prior periods | Gross increases – tax positions in the current period | Settlements with taxing authorities | Lapsing of statutes of limitations | Unrecognized tax benefits as of December 29, 2007 |"}
{"_id": "d8800fbc2", "title": "", "text": "| Notional Value Strike Rate Maturity Fair Value | Interest Rate Collar | Interest Rate Swap |"}
{"_id": "d8698915a", "title": "", "text": "| Net Unrealized Gains (Losses) On Investments(1) Deferred Policy Acquisition Costs and Valuation of Business Acquired Future Policy Benefits Policyholders’ Dividends Deferred Income Tax (Liability) Benefit Accumulated Other Comprehensive Income (Loss) Related To Net Unrealized Investment Gains(Losses) | (in millions) | Balance, December 31, 2004 | Net investment gains (losses) on investments arising during the period | Reclassification adjustment for (gains) losses included in net income | Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and valuation of business acquired | Impact of net unrealized investment (gains) losses on future policy benefits | Impact of net unrealized investment (gains) losses on policyholders’ dividends | Balance, December 31, 2005 | Net investment gains (losses) on investments arising during the period | Reclassification adjustment for (gains) losses included in net income | Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and valuation of business acquired | Impact of net unrealized investment (gains) losses on future policy benefits | Impact of net unrealized investment (gains) losses on policyholders’ dividends | Balance, December 31, 2006 | Net investment gains (losses) on investments arising during the period | Reclassification adjustment for (gains) losses included in net income | Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and valuation of business acquired | Impact of net unrealized investment (gains) losses on future policy benefits | Impact of net unrealized investment (gains) losses on policyholders’ dividends | Balance, December 31, 2007 |"}
{"_id": "d84dc5fc2", "title": "", "text": "| December 31, Credit exposure Nonperforming (f) | (in millions) | Loans retained | Loans held-for-sale | Loans at fair value | Loans– reported | Derivative receivables | Receivables from customers(a) | Interests in purchased receivables(b) | Total wholesale credit-related assets | Lending-related commitments(c) | Total wholesale credit exposure | Net credit derivative hedges notional(d) | Liquid securities and other cash collateral held against derivatives(e) |"}
{"_id": "d86e9b7ec", "title": "", "text": "| Total Less Than 1 Year 1 - 3 Years 4 - 5 Years After 5 Years | Commitments to fund mortgage loans | Commitments to sell mortgage loans | Pledged securities | Commitment to fund M&P | Franchise Equity Lines of Credit | Mortgage loan repurchase obligations | Construction of new building | Other commercial commitments | Total commercial commitments |"}
{"_id": "d86ed2bb6", "title": "", "text": "On February 17, 2015, NRG paid a quarterly dividend on the Company's common stock of $0.145 per share, or $0.58 per share on an annualized basis, an increase of 4% from $0.56 per share.\nEmployee Stock Purchase Plan — Under the ESPP, eligible employees may elect to withhold up to 10% of their eligible compensation to purchase shares of NRG common stock at the lesser of 85% of its fair market value on the offering date or 85% of the fair market value on the exercise date.\nAn offering date occurs each Jan 1 and July1.\nAn exercise date occurs each June 30 and December 31.\nAs of December 31, 2014, there remained 1,560,052 shares of treasury stock reserved for issuance under the ESPP, and in the first quarter of 2015, 124,624 shares of common stock were issued to employee accounts from treasury stock.2015 Capital Allocation Program — In December 2014, the Company was authorized to repurchase $100 million of its common stock under the 2015 Capital Allocation Program.\nThe purchase of common stock was made using cash on hand.\nAs of December 31, 2014, the Company had purchased 1,624,360 shares of NRG common stock for approximately $44 million at an average cost of $26.95 per share.\nIn the first quarter of 2015, the Company purchased an additional 2,224,830 shares of NRG common stock for approximately $56 million at an average cost of $25.25 per share."}
{"_id": "d862490ca", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) Fiscal years ended May 30, 2010, May 31, 2009, and May 25, 2008 Columnar Amounts in Millions Except Per Share Amounts Other indebtedness included $83 million and $89 million of debt of consolidated variable interest entities at May 30, 2010 and May 31, 2009, respectively.\nThe liabilities recognized as a result of consolidating the Lamb Weston BSW entity do not represent additional claims on our general assets.\nThe creditors of Lamb Weston BSW have claims only on the assets of the specific variable interest entity to which they extend credit.\nDuring the fourth quarter of fiscal 2009, we issued $500 million of senior notes maturing in 2014 and $500 million of senior notes maturing in 2019.\nDuring fiscal 2009, we retired $357.3 million of 6.75% senior long-term debt due September 2011, $27.6 million of 7.125% senior long-term debt due October 2026, $290.8 million of 6.7% senior long-term debt due August 2027, $17.9 million of 7% senior long-term debt due October 2028, $252.0 million of 7.875% senior long-term debt due September 2010, and $4.1 million of 9.75% senior subordinated long-term debt due March 2021, prior to the maturity of the long-term debt, resulting in net charges of $49.2 million.\nAs discussed in Note 3, in September 2008, we entered into a potato processing venture, Lamb Weston BSW.\nWe have determined that the venture is a variable interest entity and that we are the primary beneficiary of the entity.\nAccordingly, we consolidate the financial statements of the venture.\nDuring the second quarter of fiscal 2009, Lamb Weston BSWentered into a term loan agreement with a bank under which it borrowed $20.0 million of senior debt at an annual interest rate of 4.34% due September 2018.\nDuring the third quarter of fiscal 2009, Lamb Weston BSW restructured and repaid this debt and entered into a term loan agreement with a bank under which it borrowed $40.0 million of variable (30-day LIBOR+1.85%) interest rate debt due in June 2018.\nIn the first quarter of fiscal 2010, we established a line of credit with Lamb Weston BSW, under which we will lend up to $1.5 million to Lamb Weston BSW, due on August 24, 2010.\nBorrowings under the line of credit, which are subordinate to Lamb Weston BSW’s borrowings from a syndicate of banks, bear interest at a rate of LIBOR plus 3%.\nOur most restrictive debt agreements (the revolving credit facility and certain privately placed long-term debt) require that our consolidated funded debt not exceed 65% of our consolidated capital base, and that our fixed charges coverage ratio be greater than 1.75 to 1.0.\nAt May 30, 2010, we were in compliance with our debt covenants.\nNet interest expense consists of:"}
{"_id": "d863d9868", "title": "", "text": "| December 31, 2011 December 31, 2010 | Carrying Value | Assets | Held-to-maturity securities | Loans receivable, net-1 | Liabilities | Deposits | Securities sold under agreements to repurchase | FHLB advances and other borrowings | Corporate debt |"}
{"_id": "d87085ecc", "title": "", "text": "| In millions 2014 2013 2012 | Total stock-based compensation expense (included in selling and administrative expense) | Income tax benefits related to stock-based compensation |"}
{"_id": "d880f0f64", "title": "", "text": "The tables below summarize gains and losses due to changes in fair value, including both realized and unrealized gains (losses), recorded in earnings for Level 3 assets and liabilities during 2009, 2008 and 2007.\nThese amounts include those gains (losses) generated by loans, LHFS, loan commitments and structured notes which are accounted for under the fair value option."}
{"_id": "d8d89b192", "title": "", "text": "| Country Function Size (square feet) Property Interest | Boston, MA | Southborough, MA | Woburn, MA | Atlanta, GA | Cary, NC | Mexico City, Mexico | Sao Paulo, Brazil | Delhi, India | Mumbai, India | Lima, Peru | Bogota, Colombia |"}
{"_id": "d86d78cd4", "title": "", "text": "(1) Includes revenues from government securities and corporate debt, municipal securities, mortgage securities and other debt instruments.\nAlso includes spot and forward trading of currencies and exchange-traded and over-the-counter (OTC) currency options, options on fixed income securities, interest rate swaps, currency swaps, swap options, caps and floors, financial futures, OTC options and forward contracts on fixed income securities.\n(2) Includes revenues from foreign exchange spot, forward, option and swap contracts, as well as foreign currency translation (FX translation) gains and losses.\n(3) Includes revenues from common, preferred and convertible preferred stock, convertible corporate debt, equity-linked notes and exchange-traded and OTC equity options and warrants.\n(4) Primarily includes revenues from crude oil, refined oil products, natural gas and other commodities trades.\n(5) Includes revenues from structured credit products."}
{"_id": "d8c2f0f9a", "title": "", "text": "2016 compared to 2015 Ahafo, Ghana.\nGold production increased 5% due to higher throughput as a result of higher mill utilization and slightly higher mill recovery rates, partially offset by lower ore grade milled.\nCosts applicable to sales per ounce increased 44% primarily due to higher stockpile inventory adjustments as a result of lower grades on stockpiles, partially offset by higher ounces sold and lower oil prices.\nDepreciation and amortization per ounce increased 68% primarily due to higher stockpile inventory adjustments as a result of lower grades on stockpiles.\nAll-in sustaining costs per ounce sold increased 29% due to higher costs applicable to sales per ounce, partially offset by lower sustaining capital spend."}
{"_id": "d888eaa6c", "title": "", "text": "| Amount of Commitment Expiration per Period | Other Commercial CommitmentsMillions | Credit facilities [a] | Receivables securitization facility [b] | Guarantees [c] | Standby letters of credit [d] | Total commercialcommitments |"}
{"_id": "d8dc58b2c", "title": "", "text": "| Millions of kWh Delivered Revenues in Millions (a) | For the Years Ended | Description | Residential/Religious (b) | Commercial/Industrial | Retail choice customers | Public authorities | Other operating revenues (c) | Total |"}
{"_id": "d817f6414", "title": "", "text": "| (In millions) 25 Basis-Point Increase 25 Basis-Point  Decrease | Discount rate | Expected return on assets |"}
{"_id": "d892b0790", "title": "", "text": "| In millions December 31,2008Total FairValue (a) Total losses for year ended December 31, 2008 | Assets | Nonaccrual loans | Loans held for sale | Equity investment | Commercial mortgage servicing rights | Total assets |"}
{"_id": "d8a149ac2", "title": "", "text": "| Estimated % Change inNet Interest Income over 12 Months December 31, | Basis points | Instantaneous Change in Interest Rates | +200 | +100 | -100 | Gradual Change in Interest Rates | +200 | +100 | -100 |"}
{"_id": "d81d75c5a", "title": "", "text": "| December 31, 2002 December 31, 2001 | Carrying Amount | Assets: | Foreign currency forwards and swaps, net | Energy derivatives, net | Liabilities: | Non-recourse debt | Recourse debt | Tecons | Interest rate swaps | Interest rate caps and floors, net | Years Ended December 31, | Results of operations | (in millions, except per share amounts) | Revenue: | US SBU | Andes SBU | Brazil SBU | MCAC SBU | Europe SBU | Asia SBU | Corporate and Other | Intersegment eliminations | Total Revenue | Operating Margin: | US SBU | Andes SBU | Brazil SBU | MCAC SBU | Europe SBU | Asia SBU | Corporate and Other | Intersegment eliminations | Total Operating Margin | General and administrative expenses | Interest expense | Interest income | Loss on extinguishment of debt | Other expense | Other income | Gain on disposal and sale of investments | Goodwill impairment expense | Asset impairment expense | Foreign currency transaction gains (losses) | Other non-operating expense | Income tax expense | Net equity in earnings of affiliates | INCOME (LOSS) FROM CONTINUING OPERATIONS | Income (loss) from operations of discontinued businesses | Net gain (loss) from disposal and impairments of discontinued operations | NET INCOME (LOSS) | Noncontrolling interests: | (Income) from continuing operations attributable to noncontrolling interests | (Income) loss from discontinued operations attributable to noncontrolling interests | Net income (loss) attributable to The AES Corporation | AMOUNTS ATTRIBUTABLE TO THE AES CORPORATION COMMON STOCKHOLDERS: | Income (loss) from continuing operations, net of tax | Income (loss) from discontinued operations, net of tax | Net income (loss) | Net cash provided by operating activities | DIVIDENDS DECLARED PER COMMON SHARE |"}
{"_id": "d82223978", "title": "", "text": "Employee Stock Purchase Plan In March 1988, the Company adopted the 1988 Employee Stock Purchase Plan (“the Purchase Plan” or “ESPP”), as amended.\nUnder the Purchase Plan, eligible employees, including officers and directors, who have completed three months of employment with the Company or its subsidiaries who elect to participate in the Purchase plan instruct the Company to withhold a specified amount from each payroll period during a six-month payment period (the periods April 1—September 30 and October 1—March 31).\nOn the last business day of each payment period, the amount withheld is used to purchase common stock at an exercise price equal to 85% of the lower of its market price on the first business day or the last business day of the payment period.\nUp to 500,000 shares of common stock may be issued under the Purchase Plan, of which 163,245 shares are available for future issuance as of March 31, 2009.\nDuring the years ended March 31, 2009, 2008 and 2007, 45,823, 23,930, and 27,095 shares of common stock, respectively, were sold pursuant to the Purchase Plan."}
{"_id": "d8779f08c", "title": "", "text": "| December 31 | (Dollars in millions) | Consumer | Residential mortgage | Credit card – domestic | Credit card – foreign | Home equity-1 | Direct/Indirect consumer-1, 2 | Other consumer-1, 3 | Total consumer | Commercial | Commercial – domestic-4 | Commercial real estate-5 | Commercial lease financing | Commercial – foreign | Total commercial loans measured at historical cost | Commercial loans measured at fair value-6 | Total commercial | Total loans and leases |"}
{"_id": "d88ffb70c", "title": "", "text": "Table 4\n(a) The shares reported in this column represent purchases settled in the fourth quarter of 2018 relating to (i) our purchases of shares in open-market transactions to meet our obligations under stock-based compensation plans and (ii) our purchases of shares from our employees and non-employee directors in connection with the exercise of stock options, the vesting of restricted stock, and other stock compensation transactions in accordance with the terms of our stock-based compensation plans.\n(b) On January 23, 2018, we announced that our board of directors authorized our purchase of up to $2.5 billion of our outstanding common stock (the 2018 Program), with no expiration date, which was in addition to the remaining amount available under a $2.5 billion program authorized on September 21, 2016 (the 2016 Program).\nDuring the fourth quarter of 2018, we completed our purchases under the 2016 Program.\nAs of December 31, 2018, we had $2.2 billion remaining available for purchase under the 2018 Program."}
{"_id": "d8e202550", "title": "", "text": "| Actual | CRIP | Canadian Equities | International Equities (including U.S. Equities) | Fixed Income | Money Market |"}
{"_id": "d889b204e", "title": "", "text": "HOLLY ENERGY PARTNERS, L. P.  HEPis a Delaware limited partnership that trades on the New York Stock Exchange under the trading symbol “HEP.\n” HEPowns and operates logistic assets consisting of petroleum product and crude oil pipelines, terminals, tankage, loading rack facilities and refinery processing units that principally support our refining and marketing operations in the Mid-Continent, Southwest and Rocky Mountain regions of the United States and Delek's refinery in Big Spring, Texas.\nAdditionally, HEP owns a 75% interest in UNEV Pipeline, LLC (“UNEV”), the owner of a pipeline running from Woods Cross, Utah to Las Vegas, Nevada (the “UNEV Pipeline”) and associated product terminals; a 50% interest in Osage Pipe Line Company, LLC, the owner of a pipeline running from Cushing, Oklahoma to El Dorado, Kansas (the “Osage Pipeline”); and a 50% interest in Cheyenne Pipeline, LLC, the owner of a pipeline running from Fort Laramie, Wyoming to Cheyenne, Wyoming (the “Cheyenne Pipeline”).\nHEP generates revenues by charging tariffs for transporting petroleum products and crude oil through its pipelines, by leasing certain pipeline capacity to Delek, by charging fees for terminalling and storing refined products and other hydrocarbons and providing other services at its storage tanks, terminals and refinery processing units.\nHEP does not take ownership of products that it transports, terminals, stores or refines; therefore, it is not directly exposed to changes in commodity prices.\nHEP's recent acquisitions (2015 through present) are summarized below: SLC Pipeline and Frontier Aspen On October 31, 2017, HEPacquired the remaining 75% interest in SLC Pipeline LLC, the owner of a pipeline that serves refineries in the Salt Lake City, Utah area (the “SLC Pipeline”), and the remaining 50% interest in Frontier Aspen LLC, the owner of a pipeline running from Wyoming to Frontier Station, Utah (the “Frontier Pipeline”), from subsidiaries of Plains All American Pipeline, L. P.  (“Plains”) for total cash consideration of $250.0 million."}
{"_id": "d8152111c", "title": "", "text": "| December 31, | 2014 | (Dollars in thousands) | Silicon Valley BancVentures, LP | SVB Capital Partners II, LP | Capital Partners III, LP | SVB Capital Shanghai Yangpu Venture Capital Fund | Total other venture capital investments |"}
{"_id": "d8eaab99a", "title": "", "text": "Environmental Costs The Companys water and wastewater operations and the operations of its Market-Based Businesses are subject to U. S.  federal, state, local and foreign requirements relating to environmental protection, and as such, the Company periodically becomes subject to environmental claims in the normal course of business.\nEnvironmental expenditures that relate to current operations or provide a future benefit are expensed or capitalized as appropriate.\nRemediation costs that relate to an existing condition caused by past operations are accrued, on an undiscounted basis, when it is probable that these costs will be incurred and can be reasonably estimated.\nA conservation agreement entered into by a subsidiary of the Company with the National Oceanic and Atmospheric Administration in 2010 and amended in 2017 required the Company to, among other provisions, implement certain measures to protect the steelhead trout and its habitat in the Carmel River watershed in the State of California.\nThe Company agreed to pay $1 million annually commencing in 2010 with the final payment being made in 2021.\nRemediation costs accrued amounted to $6 million and less than $1 million as of December 31, 2017 and 2016, respectively."}
{"_id": "d8d498414", "title": "", "text": "| ($ in millions) 2008 2007 | Immediate fixed annuities: | Structured settlement annuities | Other immediate fixed annuities | Traditional life insurance | Other | Total reserve for life-contingent contract benefits |"}
{"_id": "d88362dba", "title": "", "text": "| December 31, | 2018 | (in millions) | Other assets: | Premium tax offset for future undiscounted assessments | Premium tax offset currently available for paid assessments | Total | Other liabilities: | Insolvency assessments |"}
{"_id": "d89c4f616", "title": "", "text": "the duration of the liabilities in each plan when selecting the bonds to be used in determining the discount rate.\nThe rate of compensation increase for all plans and the medical cost trend rate for the applicable U. S.  plans are based on plan experience.\nWith respect to the U. S.  plans, the expected rate of return on plan assets was determined based on an asset allocation model using the current target allocation, real rates of return by asset class and an anticipated inflation rate.\nThe target asset allocation consists of approximately: 20% in equity securities and 80% in fixed income securities.\nThe plan has achieved a compounded annual rate of return of 4.9% over the previous 20 years.\nAt December 31, 2018, the actual asset allocation for the U. S.  plan was: 1% cash and cash equivalents, 25% in equity securities and 74% in fixed income securities.\nThe expected rate of return for the non-U.\nS.  plans employs a similar set of criteria adapted for local investments, inflation rates and in certain cases specific government requirements.\nThe target asset allocation, for the non-U.\nS.  plans, consists of approximately: 40% – 70% in fixed income securities; 15% – 40% in equity securities; 5% – 20% in real estate; and 5% – 10% in alternative investments.\nAt December 31, 2018, the actual asset allocation for the non-U.\nS.  plan was: 36% in fixed income investments; 12% in equity investments; 8% in real estate investments, 3% in cash and cash equivalents and 41% in alternative investments.\nChanges in pension and other post-employment benefits, and associated expenses, may occur in the future due to changes in these assumptions.\nThe impact that a 0.25% decrease in the discount rate or a 1% change in the medical cost trend rate would have on our pension and other post-employment benefit expense, as applicable, is as follows:"}
{"_id": "d88fd8dec", "title": "", "text": "| At December 31, | 2011 | (dollar amounts in millions) | Secured loans: | Real estate — commercial | Real estate — consumer | Vehicles | Receivables/Inventory | Machinery/Equipment | Securities/Deposits | Other | Total secured loans and leases | Unsecured loans and leases | Total loans and leases |"}
{"_id": "d82384ec0", "title": "", "text": "D. R.  HORTON, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) 75 Effective August 1, 2017, the Board of Directors authorized the repurchase of up to $500 million of the Company’s debt securities effective through July 31, 2018.\nAll of the $500 million authorization was remaining at September 30, 2017.\nFinancial Services: The Company’s mortgage subsidiary, DHI Mortgage, has a mortgage repurchase facility that is accounted for as a secured financing.\nThe mortgage repurchase facility provides financing and liquidity to DHI Mortgage by facilitating purchase transactions in which DHI Mortgage transfers eligible loans to the counterparties against the transfer of funds by the counterparties, thereby becoming purchased loans.\nDHI Mortgage then has the right and obligation to repurchase the purchased loans upon their sale to third-party purchasers in the secondary market or within specified time frames from 45 to 60 days in accordance with the terms of the mortgage repurchase facility.\nIn February 2017, the mortgage repurchase facility was amended to increase its capacity to $600 million and extend its maturity date to February 23, 2018.\nThe capacity of the facility increases, without requiring additional commitments, to $725 million for approximately 30 days at each quarter end and to $800 million for approximately 45 days at fiscal year end.\nThe capacity can also be increased to $1.0 billion subject to the availability of additional commitments.\nAs of September 30, 2017, $540.1 million of mortgage loans held for sale with a collateral value of $520.0 million were pledged under the mortgage repurchase facility.\nAs a result of advance paydowns totaling $100.0 million, DHI Mortgage had an obligation of $420.0 million outstanding under the mortgage repurchase facility at September 30, 2017 at a 3.3% annual interest rate.\nThe mortgage repurchase facility is not guaranteed by D. R.  Horton, Inc.  or any of the subsidiaries that guarantee the Company’s homebuilding debt.\nThe facility contains financial covenants as to the mortgage subsidiary’s minimum required tangible net worth, its maximum allowable ratio of debt to tangible net worth and its minimum required liquidity.\nThese covenants are measured and reported to the lenders monthly.\nAt September 30, 2017, DHI Mortgage was in compliance with all of the conditions and covenants of the mortgage repurchase facility.\nIn the past, DHI Mortgage has been able to renew or extend its mortgage credit facility at a sufficient capacity and on satisfactory terms prior to its maturity and obtain temporary additional commitments through amendments to the credit facility during periods of higher than normal volumes of mortgages held for sale.\nThe liquidity of the Company’s financial services business depends upon its continued ability to renew and extend the mortgage repurchase facility or to obtain other additional financing in sufficient capacities.\nNOTE E – CAPITALIZED INTEREST The following table summarizes the Company’s interest costs incurred, capitalized and expensed during the years ended September 30, 2017, 2016 and 2015."}
{"_id": "d8b3269ac", "title": "", "text": "THE COMPANY’S STOCK PERFORMANCE The following graph compares cumulative total return of the Company’s Common Stock with the cumulative total return of (i) the NASDAQ Stock Market-United States, and (ii) the NASDAQ Biotechnology Index.\nThe graph assumes (a) $100 was invested on July 31, 2001 in each of the Company’s Common Stock, the stocks comprising the NASDAQ Stock Market-United States and the stocks comprising the NASDAQ Biotechnology Index, and (b) the reinvestment of dividends.\nCOMPARISON OF 65 MONTH CUMULATIVE TOTAL RETURN* Among Alexion Pharmaceuticals, Inc. , The NASDAQ Composite Index And The NASDAQ Biotechnology Index"}
{"_id": "d8ec20596", "title": "", "text": "| Years Ended December 31, | 2008 | (In millions) | Group retirement products | Balance at beginning of year | Deposits — annuities | Deposits — mutual funds | Total Deposits | Surrenders and other withdrawals | Death benefits | Net inflows (outflows) | Change in fair value of underlying investments, interest credited, net of fees | Balance at end of year |"}
{"_id": "d8ecca05a", "title": "", "text": "| Year Ended December 31, Change | (in thousands, except percentages) | Revenue: | Lease licenses | Perpetual licenses | Software licenses | Maintenance | Service | Maintenance and service | Total revenue |"}
{"_id": "d88d0bb0a", "title": "", "text": "| 2009 2008 | Balance at January 1 | Additions based on tax positions related to the current year | Additions for tax positions of prior years | Reductions for tax positions of prior years | Settlements | Lapse of statute of limitations | Acquisitions | Foreign currency translation | Balance at December 31 |"}
{"_id": "d8ef60ae4", "title": "", "text": "LIABILITY AWARDS Beginning in 2008, we granted cash-payable restricted share units to certain executives.\nThe grants were made primarily as part of an annual bonus incentive deferral plan.\nWhile there are time-based, service-related vesting criteria, there are no market or performance criteria associated with these awards.\nCompensation expense recognized related to these awards was recorded in prior periods as part of annual cash bonus criteria.\nAs of December 31, 2009, there were 440,441 of these cashpayable restricted share units outstanding.\nDuring the third quarter of 2009, we entered into an agreement with certain of our executives regarding a portion of their salary to be payable in stock units.\nThese units, which are cash-payable, have no future service, market or performance criteria and as such are fully expensed at grant date.\nThese units will be settled in cash on March 31, 2011.\nAs of December 31, 2009, there were 221,286 of these units outstanding, with a current market value of approximately $12 million.\nA summary of all nonvested, cash-payable restricted share unit activity follows:"}
{"_id": "d869bce88", "title": "", "text": "Fair Value of Financial Instruments—The carrying values of the Company’s financial instruments, with the exception of long-term obligations, including current portion, reasonably approximate the related fair values as of December 31, 2006 and 2005.\nAs of December 31, 2006, the carrying amount and fair value of long-term obligations, including current portion, were $3.5 billion and $4.1 billion, respectively.\nAs of December 31, 2005, the carrying amount and fair value of long-term obligations, including current portion, were $3.6 billion and"}
{"_id": "d8972a636", "title": "", "text": "impact of wrong-way risk, which is broadly defined as the potential for increased correlation between the Firm’s exposure to a counterparty (AVG) and the counterparty’s credit quality.\nMany factors may influence the nature and magnitude of these correlations over time.\nTo the extent that these correlations are identified, the Firm may adjust the CVA associated with that counterparty’s AVG.\nThe Firm risk manages exposure to changes in CVA by entering into credit derivative transactions, as well as interest rate, foreign exchange, equity and commodity derivative transactions.\nThe accompanying graph shows exposure profiles to the Firm’s current derivatives portfolio over the next 10 years as calculated by the Peak, DRE and AVG metrics.\nThe three measures generally show that exposure will decline after the first year, if no new trades are added to the portfolio.\nExposure profile of derivatives measures December 31, 2017 (in billions)"}
{"_id": "d87b9bb90", "title": "", "text": "* Includes warranty liabilities assumed in connection with acquisitions, foreign exchange translation adjustments and reclassifications.\nO.\nEQUITY COMPENSATION PLANS Equity Compensation Overview We have various equity compensation plans for employees, as well as for non-employee members of the board of directors.\nThese include the General Dynamics Corporation 2009 Equity Compensation Plan (Equity Compensation Plan) and the 2009 General Dynamics United Kingdom Share Save Plan (U. K.  Plan).\nThe purpose of the Equity Compensation Plan is to provide an effective means of attracting, retaining and motivating directors, officers and key employees, and to provide them with incentives to enhance our growth and profitability.\nUnder the Equity Compensation Plan, awards may be granted to officers, employees or non-employee directors in common stock, options to purchase common stock, restricted shares of common stock, participation units or any combination of these.\nStock options may be granted either as incentive stock options, intended to qualify for capital gain treatment under Section 422 of the Internal Revenue Code (the Code), or as options not qualified under the Code.\nAll options granted under the Equity Compensation Plan are issued with an exercise price at the fair market value of the common stock on the date of grant.\nAwards of stock options vest over two years, with 50 percent of the options vesting in one year and the remaining 50 percent vesting the following year.\nStock options that have been awarded under the Equity Compensation Plan expire five years after the grant date.\nWe grant stock options to participants in the Equity Compensation Plan on the first Wednesday of March based on the average of the high and low stock prices on that day as listed on the New York Stock Exchange.\nGrants of restricted stock are awards of shares of common stock that are released approximately four years after the grant date.\nDuring that restriction period, recipients may not sell, transfer, pledge, assign or otherwise convey their restricted shares to another party.\nHowever, during the restriction period, the recipient is entitled to vote the restricted shares and to retain cash dividends paid on those shares.\nParticipation units represent obligations that have a value derived from or related to the value of our common stock.\nThese include stock appreciation rights, phantom stock units, and restricted stock units and are payable in cash and/or common stock.\nUnder the U. K.  Plan, our employees located in the United Kingdom may invest designated amounts in a savings account to be used to purchase a specified number of shares of common stock, based on option grants that the employee may receive, at an exercise price of not less than 80 percent of the fair market value of the common stock.\nThe options may be exercised three, five or seven years after the date of grant, depending on the terms of the specific award.\nWe issue common stock under our equity compensation plans from treasury stock.\nOn December 31, 2009, in addition to the shares reserved for issuance upon the exercise of outstanding options, approximately 32 million shares have been authorized for options and restricted stock that may be granted in the future.\nStock-based Compensation Expense The following table details the components of stock-based compensation expense recognized in net earnings in each of the past three years:"}
{"_id": "d828a5abc", "title": "", "text": "Investment Valuation.\nOur fixed income investments are classified for accounting purposes as available for sale and are carried at market value or fair value in our consolidated balance sheets.\nOur equity securities are all carried at fair value, as of January 1, 2018, due to the adoption of ASU 2016-01.\nMost securities we own are traded on national exchanges where market values are readily available.\nSome of our commercial mortgage-backed securities (CMBS) are valued using cash flow models and risk-adjusted discount rates.\nWe hold some privately placed securities, less than 2.9% of the portfolio, that are either valued by brokers or investment advisors.\nIn most instances, values provided by an investment advisor are supported with opinions from qualified independent third parties.\nIn limited circumstances when broker or investment advisor prices are not available for a private placement, we will value the securities using comparable market information.\nAt December 31, 2018 and 2017, our investment portfolio included $1,427.8 million and $1,074.6 million, respectively, of limited partnership investments whose values are reported pursuant to the equity method of accounting.\nWe carry these investments at values provided by the managements of the limited partnerships and due to inherent reporting lags, the carrying values are based on values with as of dates from one month to one quarter prior to our financial statement date.\nAt December 31, 2018, we had net unrealized losses, net of tax, of $179.4 million compared to unrealized gains, net of tax, of $50.0 million at December 31, 2017.\nGains and losses from market fluctuations for investments held at market value are reflected as comprehensive income (loss) in the consolidated balance sheets.\nGains and losses from market fluctuations for investments held at fair value are reflected as net realized capital gains and losses in the consolidated statements of operations and comprehensive income (loss).\nMarket value declines for the fixed income portfolio, which are considered credit other-thantemporary impairments, are reflected in our consolidated statements of operations and comprehensive income (loss), as realized capital losses.\nWe consider many factors when determining whether a market value decline is other-than-temporary, including: (1) we have no intent to sell and, more likely than not, will not be required to sell prior to recovery, (2) the length of time the market value has been below book value, (3) the credit strength of the issuer, (4) the issuers market sector, (5) the length of time to maturity and (6) for asset-backed securities, changes in prepayments, credit enhancements and underlying default rates.\nIf managements assessments change in the future, we may ultimately record a realized loss after management originally concluded that the decline in value was temporary.\nSee also ITEM 8, Financial Statements and Supplementary Data - Note 1 of Notes to the Consolidated Financial Statements."}
{"_id": "d8dca46da", "title": "", "text": "| Moody's Standard & Poor's A.M. Best | The Allstate Corporation (senior long-term debt) | The Allstate Corporation (commercial paper) | AIC (insurance financial strength) | Allstate Life Insurance Company (insurance financial strength) | ($ in millions) | Other commitments—conditional | Other commitments—unconditional | Total commitments |"}
{"_id": "d8b0a1e48", "title": "", "text": "| Year Ended December 31, | (in millions, except share and per-share data) | Numerator (basic and diluted): | Net income | Less: Preferred stock dividends | Net income available to common stockholders | Denominator: | Weighted-average common shares outstanding - basic | Dilutive common shares: share-based awards | Weighted-average common shares outstanding - diluted | Earnings per common share: | Basic | Diluted |"}
{"_id": "d8ad65806", "title": "", "text": "Investment Management Fees Investment management fees are generally calculated under contractual arrangements with our SIPs and the products for which we provide sub-advisory services as a percentage of the market value of AUM.\nAnnual rates vary by investment objective and type of services provided.\nRates for products sold outside of the U. S.  are generally higher than for U. S.  products because they are structured to compensate for certain distribution costs.\nInvestment management fees decreased $112.5 million in fiscal year 2017 primarily due to a 2% decrease in average AUM and the impact of a lower effective fee rate, partially offset by higher performance fees.\nInvestment management fees decreased $856.1 million in fiscal year 2016 primarily due to a 14% decrease in average AUM and the impact of a lower effective fee rate.\nThe decrease in average AUM in fiscal year 2017 occurred primarily in the global/international fixed income investment objective, and across all sales regions except Asia-Pacific.\nThe decrease in average AUM in fiscal year 2016 occurred in all sales regions and primarily in the global/international and multi-asset/balanced investment objectives.\nOur effective investment management fee rate (investment management fees divided by average AUM) was 59.2, 59.7 and 61.3 basis points for fiscal years 2017, 2016 and 2015.\nThe rate decrease in fiscal year 2017 was primarily due to higher weightings of AUM in lower fee products in the global/international fixed income investment objective in the Europe, Middle East and Africa and Asia-Pacific sales regions, partially offset by higher performance fees.\nThe rate decrease in fiscal year 2016 was primarily due to higher weightings of AUM in U. S.  products and in lower fee products in global/international investment objectives in the Europe, Middle East and Africa and Asia-Pacific sales regions, partially offset by higher performance fees.\nPerformance-based investment management fees were $35.5 million, $26.5 million and $19.8 million for fiscal years 2017, 2016 and 2015.\nThe increases in fiscal years 2017 and 2016 were primarily due to performance fees earned from separately-managed accounts."}
{"_id": "d8b15bea6", "title": "", "text": "| (in millions) Total Level 1 Level 2 Level 3 | Securities available for sale: | Mortgage-backed securities | State and political subdivisions | Equity securities | U.S. Treasury | Total securities available for sale | Loans held for sale, at fair value: | Residential loans held for sale | Commercial loans held for sale | Total loans held for sale, at fair value | Derivative assets: | Interest rate swaps | Foreign exchange contracts | Other contracts | Total derivative assets | Other investment securities, at fair value: | Money market mutual fund | Other investments | Total other investment securities, at fair value | Total assets | Derivative liabilities: | Interest rate swaps | Foreign exchange contracts | Other contracts | Total derivative liabilities | Total liabilities |"}
{"_id": "d8cd34790", "title": "", "text": "Proportional Free Cash Flow (a non-GAAP measure) We define proportional free cash flow as cash flows from operating activities less maintenance capital expenditures (including non-recoverable environmental capital expenditures), adjusted for the estimated impact of noncontrolling interests.\nThe proportionate share of cash flows and related adjustments attributable to noncontrolling interests in our subsidiaries comprise the proportional adjustment factor presented in the reconciliation below.\nUpon the Company's adoption of the accounting guidance for service concession arrangements effective January 1, 2015, capital expenditures related to service concession assets that would have been classified as investing activities on the Consolidated Statement of Cash Flows are now classified as operating activities.\nSee Note 1General and Summary of Significant Accounting Policies of this Form 10-K for further information on the adoption of this guidance.\nBeginning in the quarter ended March 31, 2015, the Company changed the definition of Proportional Free Cash Flow to exclude the cash flows for capital expenditures related to service concession assets that are now classified within net cash provided by operating activities on the Consolidated Statement of Cash Flows.\nThe proportional adjustment factor for these capital expenditures is presented in the reconciliation below.\nWe also exclude environmental capital expenditures that are expected to be recovered through regulatory, contractual or other mechanisms.\nAn example of recoverable environmental capital expenditures is IPL's investment in MATS-related environmental upgrades that are recovered through a tracker.\nSee Item 1.\nUS SBUIPLEnvironmental Matters for details of these investments.\nThe GAAP measure most comparable to proportional free cash flow is cash flows from operating activities.\nWe believe that proportional free cash flow better reflects the underlying business performance of the Company, as it measures the cash generated by the business, after the funding of maintenance capital expenditures, that may be available for investing or repaying debt or other purposes.\nFactors in this determination include the impact of noncontrolling interests, where AES consolidates the results of a subsidiary that is not wholly-owned by the Company.\nThe presentation of free cash flow has material limitations.\nProportional free cash flow should not be construed as an alternative to cash from operating activities, which is determined in accordance with GAAP.\nProportional free cash flow does not represent our cash flow available for discretionary payments because it excludes certain payments that are required or to which we have committed, such as debt service requirements and dividend payments.\nOur definition of proportional free cash flow may not be comparable to similarly titled measures presented by other companies."}
{"_id": "d87af0722", "title": "", "text": "| 2017 2016 2015 2014 | $111,667 |"}
{"_id": "d8dcbef94", "title": "", "text": "E.  GOODWILL AND INTANGIBLE ASSETS Goodwill Activity - There was no change in the carrying amounts of goodwill during 2007.\nThe following table reflects the changes in the carrying amount of goodwill for the period indicated."}
{"_id": "d8c8690d0", "title": "", "text": "| 2006 2007 2008 2009 2010 | Masco | S&P 500 Index | S&P Industrials Index | S&P Consumer Durables & Apparel Index |"}
{"_id": "d8dc6d81a", "title": "", "text": "| As of December | $ in millions | Balance, beginning of year | Increases based on tax positions related to the current year | Increases based on tax positions related to prior years | Decreases based on tax positions related to prior years | Decreases related to settlements | Acquisitions/(dispositions) | Exchange rate fluctuations | Balance, end of year | Related deferred income tax asset1 | Net unrecognized tax benefit2 | Jurisdiction | U.S. Federal | New York State and City | United Kingdom | Japan | Hong Kong | Korea |"}
{"_id": "d8a5109b2", "title": "", "text": "| November 6, 2015 | Cash and cash equivalents | Receivables | Inventories | Deferred income taxes, current | Other current assets | Property, plant and equipment | Goodwill | Intangible assets: | Customer programs | Trademarks | Other noncurrent assets | Deferred income taxes, noncurrent | Total identifiable assets and goodwill | Accounts payable | Customer advances and amounts in excess of costs incurred | Salaries, benefits, and payroll taxes | Current portion of long-term debt | Other current liabilities | Long-term debt | Customer contractual obligations(a) | Other noncurrent liabilities | Deferred income tax liabilities, noncurrent(a) | Total liabilities assumed | Total consideration |"}
{"_id": "d8bff24ce", "title": "", "text": "| (in millions) | 2014 | 2015 | 2016 | 2017 | 2018 | Thereafter | Total-1 |"}
{"_id": "d8c58c312", "title": "", "text": "| Year Ended December 31, | 2003 | Other Financial Data: | Net cash provided by operating activities | Net cash used in investing activities | Net cash provided by financing activities | Capital expenditures(b) | Depreciation and amortization | EBITDA(c) | Balance Sheet Data: | Total assets | Working capital | Long-term obligations, including current portion | Stockholders' equity |"}
{"_id": "d85ed2798", "title": "", "text": "2009 Disposition In March 2009, the Company sold Cova Corporation (“Cova”), the parent company of Texas Life Insurance Company (“Texas Life”) to a third-party for $130 million in cash consideration, excluding $1 million of transaction costs.\nThe net assets sold were $101 million, resulting in a gain on disposal of $28 million, net of income tax.\nThe Company also reclassified $4 million, net of income tax, of the 2009 operations of Texas Life into discontinued operations in the consolidated financial statements.\nAs a result, the Company recognized income from discontinued operations of $32 million, net of income tax, during the year ended December 31, 2009.\nSee Note 23."}
{"_id": "d8b39b176", "title": "", "text": "| Year Ended December | $ in millions | Total other financial assets | Beginning balance | Net unrealized gains/(losses) | Purchases | Settlements | Ending balance | Total other financial liabilities | Beginning balance | Net realized gains/(losses) | Net unrealized gains/(losses) | Purchases | Sales | Issuances | Settlements | Transfers into level 3 | Transfers out of level 3 | Ending balance |"}
{"_id": "d8786d022", "title": "", "text": "| December 31, 2017 2016 2015 | Balance at January 1 | Additions for current year tax positions | Additions for tax positions of prior years | Reductions for tax positions of prior years | Effects of foreign currency translation | Settlements | Lapse of statute of limitations | Balance at December 31 |"}
{"_id": "d86aa3e3c", "title": "", "text": "| Homes Closed and Home Sales Revenue Fiscal Year Ended September 30, | Homes Closed | 2013 | East | Midwest | Southeast | South Central | Southwest | West | 24,155 |"}
{"_id": "d811aaf06", "title": "", "text": "| (in millions) 2006 2005 2004 | Revenues(a): | Aircraft Leasing(b) | Capital Markets(c)(d) | Consumer Finance(e) | Other | Total | Operating income (loss)(a): | Aircraft Leasing | Capital Markets(d) | Consumer Finance(f) | Other, includingintercompany adjustments(g) | Total | Life Insurance & | General | (in millions) | 2006 | Fixed maturities: | Bonds available for sale, at fair value | Bonds held to maturity, at amortized cost | Bond trading securities, at fair value | Equity securities: | Common stocks available for sale, at fair value | Common stocks trading, at fair value | Preferred stocks available for sale, at fair value | Mortgage and other loans receivable, net of allowance | Financial services assets: | Flight equipment primarily under operating leases, net of accumulated depreciation | Securities available for sale, at fair value | Trading securities, at fair value | Spot commodities | Unrealized gain on swaps, options and forward transactions | Trade receivables | Securities purchased under agreements to resell, at contract value | Finance receivables, net of allowance | Securities lending invested collateral, at fair value | Other invested assets | Short-term investments, at cost | Total investments and financial services assets as shown on the balance sheet | Cash | Investment income due and accrued | Real estate, net of accumulated depreciation | Total invested assets(a)(b) | General   Insurance | (In millions) | At December 31, 2008 | Fixed maturity securities: | Bonds available for sale, at fair value | Bond trading securities, at fair value | Securities lending invested collateral, at fair value |"}
{"_id": "d872e40b0", "title": "", "text": "N/A Not Applicable.\n(1) Excludes incentive income which is impacted by market and fund performance during the period and cannot be readily estimated.\n(2) Market impact on DAC and DSIC amortization resulting from lower projected profits.\n(3) In estimating the impact on DAC and DSIC amortization resulting from lower projected profits, we have not changed our assumed equity asset growth rates.\nThis is a significantly more conservative estimate than if we assumed management follows its mean reversion guideline and increased near-term rates to recover the drop in equity values over a five-year period.\nWe make this same conservative assumption in estimating the impact from GMDB and GMIB riders."}
{"_id": "d8664f778", "title": "", "text": "| Change | Fiscal Year | 2012 | United States | Rest of North and South America | Europe | Japan | China | Rest of Asia | Total Revenue |"}
{"_id": "d8a65c65e", "title": "", "text": "| Fiscal 2009 Fiscal 2008 FY09 vs. FY08 % Change Fiscal 2007 FY08 vs. FY07 % Change | (In millions) | Revenues | Footwear | Apparel | Equipment | Total Revenues | Pre-tax Income |"}
{"_id": "d8a4a42d0", "title": "", "text": "NOTE 10.\nRESTRUCTURING Fiscal 2011 Restructuring Plan In the fourth quarter of fiscal 2011, we initiated a restructuring plan consisting of reductions in workforce and the consolidation of facilities in order to better align our resources around our Digital Media and Digital Marketing strategies.\nDuring fiscal 2013, we continued to implement restructuring activities under this plan.\nTotal costs incurred to date and expected to be incurred for closing redundant facilities are $12.2 million as all facilities under this plan have been exited as of November 29, 2013.\nOther Restructuring Plans Other restructuring plans include other Adobe plans and other plans associated with certain of our acquisitions that are substantially complete.\nWe continue to make cash outlays to settle obligations under these plans, however the current impact to our Consolidated Financial Statements is not significant.\nOur other restructuring plans primarily consist of the 2009 Restructuring Plan, which was implemented in the fourth quarter of fiscal 2009, in order to appropriately align our costs in connection with our fiscal 2010 operating plan.\nPerformance Share Unit awards granted under the 2010 Employee Plan will vest 100% after three years.\nThe Performance Share Unit awards represent the right to receive between and 0 and 1.75 shares of stock for each unit awarded depending upon performance in relation to certain metrics.\nThe performance share unit valuation will be based 50% on growth in book value per share over the three year vesting period, compared to designated peer companies.\nThe remaining 50% of the performance share valuation will be based upon operating return on equity for each of the separate operating years within the vesting period.\nFor share options, restricted shares and performance share units granted under the 2010 Employee Plan, the 2002 Employee Plan, the 2009 Director Plan and the 2003 Director Plan, share-based compensation expense recognized in the consolidated statements of operations and comprehensive income (loss) was $32,369 thousand, $30,297 thousand and $26,398 thousand for the years ended December 31, 2018, 2017 and 2016, respectively.\nThe corresponding income tax benefit recorded in the consolidated statements of operations and comprehensive income (loss) for share-based compensation was $7,401 thousand, $14,824 thousand and $6,898 thousand for the years ended December 31, 2018, 2017 and 2016, respectively.\nIn accordance with ASU 2016-09, the income tax effect resulting from the change in the value of share based compensation awards between grant date and settlement date has been recorded as part of the income tax benefit in the consolidation statements of operations and comprehensive income (loss) effective January 1, 2017.\nPrior to that date, the income tax impact of the change in value of share based compensation awards between grant date and settlement date was recorded within additional paid in capital in the Consolidated Balance Sheets.\nFor the year ended December 31, 2018, a total of 173,065 restricted shares were granted on February 21, 2018, May 15, 2018, September 13, 2018, and November 13, 2018, with a fair value of $242.39, $226.95, $218.065 and $215.2175 per share, respectively.\nAdditionally, 13,325 performance share units were awarded on February 21, 2018, with a fair value of $242.39 per unit.\nNo share options were granted during the year ended December 31, 2018.\nFor share options granted during previous years, the fair value per option was calculated on the date of the grant using the Black-Scholes option valuation model.\nThe Company recognizes, as an increase to additional paid-in capital, a realized income tax benefit from dividends, charged to retained earnings and paid to employees on equity classified non-vested equity shares.\nIn addition, the amount recognized in additional paid-in capital for the realized income tax benefit from dividends on those awards is included in the pool of excess tax benefits available to absorb tax deficiencies on share-based payment awards.\nFor the years ended December 31, 2018, 2017 and 2016, the Company recognized $403 thousand, $626 thousand and $597 thousand, respectively, of additional paid-in capital due to tax benefits from dividends on restricted shares."}
{"_id": "d8cccba38", "title": "", "text": "| Payments due by Period (in thousands) | Contractual Obligations | Long-term debt -1 | Lines of credit -2 | Share of debt of unconsolidated joint ventures -3 | Ground leases | Operating leases | Development and construction backlog costs -4 | Other | Total Contractual Obligations |"}
{"_id": "d877e0b04", "title": "", "text": "| December 31 2005 2004 | (In millions) | Short-term investments available-for-sale: | Commercial paper | U.S. Treasury securities | Money market funds | Other | Total short-term investments available-for-sale | Short-term investments trading: | Commercial paper | U.S. Treasury securities | Money market funds | Other | Total short-term investments trading | Total short-term investments |"}
{"_id": "d827158d2", "title": "", "text": "| 2006 2005 2004 2003 2002 | (In thousands) | Net income | Depreciation and amortization | Interest expense | Other interest income | EBITDA | Gain on sale of real estate | Loss on abandoned developmentsheld for sale | Adjusted EBITDA |"}
{"_id": "d8adec306", "title": "", "text": "See Note 4 to the financial statements for a description of the money pool.\nEntergy Texas has a credit facility in the amount of $100 million scheduled to expire in August 2012.\nAs of December 31, 2008, $100 million was outstanding on the credit facility.\nIn February 2009, Entergy Texas repaid its credit facility with the proceeds from the bond issuance discussed below.\nOn June 2, 2008 and December 8, 2008, under the terms of the debt assumption agreement between Entergy Texas and Entergy Gulf States Louisiana that is discussed in Note 5 to the financial statements, Entergy Texas paid at maturity $148.8 million and $160.3 million, respectively, of Entergy Gulf States Louisiana first mortgage bonds, which results in a corresponding decrease in Entergy Texas' debt assumption liability.\nIn December 2008, Entergy Texas borrowed $160 million from its parent company, Entergy Corporation, under a $300 million revolving credit facility pursuant to an Inter-Company Credit Agreement between Entergy Corporation and Entergy Texas.\nThis borrowing would have matured on December 3, 2013.\nEntergy Texas used these borrowings, together with other available corporate funds, to pay at maturity the portion of the $350 million Floating Rate series of First Mortgage Bonds due December 2008 that had been assumed by Entergy Texas, and that bond series is no longer outstanding.\nIn January 2009, Entergy Texas repaid its $160 million note payable to Entergy Corporation with the proceeds from the bond issuance discussed below.\nIn January 2009, Entergy Texas issued $500 million of 7.125% Series Mortgage Bonds due February 2019.\nEntergy Texas used a portion of the proceeds to repay its $160 million note payable to Entergy Corporation, to repay the $100 million outstanding on its credit facility, and to repay short-term borrowings under the Entergy System money pool.\nEntergy Texas intends to use the remaining proceeds to repay on or prior to maturity approximately $70 million of obligations that had been assumed by Entergy Texas under the debt assumption agreement with Entergy Gulf States Louisiana and for other general corporate purposes."}
{"_id": "d818fa7ca", "title": "", "text": "| Year Operating Lease Payment Sublease Income Capital Leases | 2009 | 2010 | 2011 | 2012 | 2013 | Thereafter | Total minimum lease payments | Less amounts representing interest | Present value of capital lease obligations |"}
{"_id": "d8c0ad120", "title": "", "text": "| Capital in Excess Accumulated Other Comprehensive Income/(Loss) | of Par | Capital | Stock | YEAR ENDED DECEMBER 31, 2003 | Balance at beginning of year | Comprehensive income/(loss) | Net income | Foreign currency translation | Net gain /(loss) on derivative instruments (net of tax of $430) | Minimum pension liability (net of tax of $1,208) | Net holding gain/(loss) (net of tax of $1) | Comprehensive income/(loss) | Common Stock issued for employee benefit plans and other | ESOP loan and treasury stock | Cash dividends | Balance at end of year | YEAR ENDED DECEMBER 31, 2004 | Balance at beginning of year | Comprehensive income/(loss) | Net income | Foreign currency translation | Net gain/(loss) on derivative instruments (net of tax of $98) | Minimum pension liability (net of tax of $255) | Net holding gain/(loss) (net of tax of $13) | Comprehensive income/(loss) | Common Stock issued for employee benefit plans and other | ESOP loan and Treasury stock | Cash dividends | Balance at end of year | YEAR ENDED DECEMBER 31, 2005 | Balance at beginning of year | Comprehensive income/(loss) | Net income | Foreign currency translation (Note 2) | Net gain/(loss) on derivative instruments (net of tax of $501) | Minimum pension liability (net of tax of $210) | Net holding gain/(loss) (net of tax of $29) | Comprehensive income/(loss) | Common Stock issued for employee benefit plans and other | ESOP loan and treasury stock | Cash dividends | Balance at end of year | (in millions) | Balance as of December 31, 2016 | Purchases | Distributions | Gain (loss) | Balance as of December 31, 2017 |"}
{"_id": "d890ea6ea", "title": "", "text": "| December 31, | (In thousands) | Finished goods | Raw materials | Total inventories | 2007 | Weyerhaeuser | Real Estate and Related Assets | $119 |"}
{"_id": "d8aefb508", "title": "", "text": "| For the Years Ended | (In thousands) | Cash flows from operating activities (GAAP) | Capital purchases | Capitalized software development costs | Free cash flow (non-GAAP) |"}
{"_id": "d86abb316", "title": "", "text": "| Fair Value Average Fair Value | (Dollars in millions) | 2003: | FOREIGN EXCHANGE CONTRACTS: | Contracts in a receivable position | Contracts in a payable position | OTHER FINANCIAL INSTRUMENT CONTRACTS: | Contracts in a receivable position | Contracts in a payable position | 2002: | FOREIGN EXCHANGE CONTRACTS: | Contracts in a receivable position | Contracts in a payable position | OTHER FINANCIAL INSTRUMENT CONTRACTS: | Contracts in a receivable position | Contracts in a payable position | Under 1 Year | (Dollars in millions) | Available for sale-2: | U.S. Treasury and federal agencies: | Direct obligations | Mortgage-backed securities | Asset-backed securities | Collateralized mortgage obligations | State and political subdivisions-1 | Other investments | Total | Held to maturity-2: | U.S. Treasury and federal agencies: | Direct obligations | Mortgage-backed securities | Collateralized mortgage obligations | Other investments | Total |"}
{"_id": "d863aba62", "title": "", "text": "| For the years ended December 31, | (Before-tax) | Fixed maturities | Equity securities, AFS | Mortgage loans | Policy loans | Limited partnerships and other alternative investments | Other investments | Investment expenses | Total securities AFS and other | Equity securities, trading | Total net investment income (loss) | Ratios and Supplemental Data | Loss and loss adjustment expense ratio | Current accident year before catastrophes | Current accident year catastrophes | Prior accident years | Total loss and loss adjustment expense ratio | Expense ratio | Combined ratio | Catastrophe ratio | Current accident year | Prior accident years | Total catastrophe ratio | Combined ratio before catastrophes | Combined ratio before catastrophes and prior accident years development | Other revenues [1] |"}
{"_id": "d8afd3a34", "title": "", "text": "| As of December 31, | 2018 | Projected benefit obligation | Accumulated benefit obligation | Fair value of plan assets |"}
{"_id": "d82200d06", "title": "", "text": "| Utility Gross Margin 2018 Change 2017 Change 2016 | Retail revenues | Residential | Commercial | Industrial | Other retail revenues | Total electric retail | Wholesale revenues | Transmission revenues | Other revenues | Operating revenues | Fuel and purchased power | SPP network transmission costs | Utility gross margin(a) | MWh Sales | Retail MWh Sales | Residential | Commercial | Industrial | Other retail revenues | Total electric retail | Wholesale revenues | Operating revenues |"}
{"_id": "d88f8774e", "title": "", "text": "We have some multiple element arrangements that include software. ?\n?We recognize the elements for which we have established vendor specific objective evidence at fair value upon delivery, in accordance with the applicable guidance.\nWe record revenue on a net basis for those sales in which we have in substance acted as an agent or broker in the transaction.\nThe debt collections and recovery management revenue is calculated as a percentage of debt collected on behalf of the customer and, as such, is primarily recognized when the cash is collected assuming all other revenue recognition criteria are met.\nDeferred revenue consists of amounts billed in excess of revenue recognized on sales of our information services relating generally to the deferral of subscription fees and arrangement consideration from elements not meeting the criteria for having stand-alone value discussed above.\nDeferred revenues are subsequently recognized as revenue in accordance with our revenue recognition policies.\nCost of Services. ?\n?Cost of services consist primarily of (1) data acquisition and royalty fees; (2) customer service costs, which include: personnel costs to collect, maintain and update our proprietary databases, to develop and maintain software application platforms and to provide consumer and customer call center support; (3) hardware and software expense associated with transaction processing systems; (4) telecommunication and computer network expense; and (5) occupancy costs associated with facilities where these functions are performed by Equifax employees.\nSelling, General and Administrative Expenses. ?\n?Selling, general and administrative expenses consist primarily of personnel-related costs, restructuring costs, corporate costs, fees for professional and consulting services, advertising costs, and other costs of administration.\nAdvertising. ?\n?Advertising costs from continuing operations, which are expensed as incurred, totaled $65.1 million, $57.1 million and $57.5 million during 2015, 2014 and 2013, respectively.\nStock-Based Compensation. ?\n?We recognize the cost of stock-based payment transactions in the financial statements over the period services are rendered according to the fair value of the stock-based awards issued.\nAll of our stock-based awards, which are stock options and nonvested stock, are classified as equity instruments.\nIncome Taxes. ?\n?We account for income taxes under the liability method.\nDeferred income tax assets and liabilities are determined based on the estimated future tax effects of temporary differences between the financial statement and tax bases of assets and liabilities, as measured by current enacted tax rates.\nWe assess whether it is more likely than not that we will generate sufficient taxable income to realize our deferred tax assets.\nWe record a valuation allowance, as necessary, to reduce our deferred tax assets to the amount of future tax benefit that we estimate is more likely than not to be realized.\nWe record tax benefits for positions that we believe are more likely than not of being sustained under audit examinations.\nWe assess the potential outcome of such examinations to determine the adequacy of our income tax accruals.\nWe recognize interest and penalties accrued related to unrecognized tax benefits in the provision for income taxes on our Consolidated Statements of Income.\nWe adjust our income tax provision during the period in which we determine that the actual results of the examinations may differ from our estimates or when statutory terms expire.\nChanges in tax laws and rates are reflected in our income tax provision in the period in which they occur."}
{"_id": "d811c3808", "title": "", "text": "| Conversion Feature Warrant | December 11, 2007 | Stock price | Exercise Price | Risk-free interest rate | Expected option life (years) | Expected volatility | In millions of dollars | Allowance for loan losses at beginning of year | Gross credit losses | Gross recoveries | Net credit (losses) recoveries (NCLs) | NCLs | Net reserve builds (releases) | Net specific reserve builds (releases) | Total provision for credit losses | Other, net-2 | Allowance for loan losses at end of year | Allowance for credit losses on unfunded lending commitments at beginning of year-3 | Provision for unfunded lending commitments | Allowance for credit losses on unfunded lending commitments at end of year-3 | Total allowance for loans, leases, and unfunded lending commitments | In millions of dollars | Commissions and fees | Administration and other fiduciary fees | Investment banking | Principal transactions | Other | Total non-interest revenue | Net interest revenue (including dividends) | Total revenues, net of interest expense | Total operating expenses | Net credit losses | Provision for unfunded lending commitments | Credit reservebuild | Provision for benefits and claims | Provisions for loan losses and benefits and claims | Income from continuing operations before taxes | Income taxes | Income from continuing operations | Net income attributable to noncontrolling interests | Net income | Average assets(in billions of dollars) | Return on assets | Revenues by region | North America | EMEA | Latin America | Asia | Total | Income from continuing operations by region | North America | EMEA | Latin America | Asia | Total | Average loans by region(in billions of dollars) | North America | EMEA | Latin America | Asia | Total |"}
{"_id": "d8e06a080", "title": "", "text": "| December 31, 2017 | (in millions) | Commercial | Commercial real estate | Leases | Total commercial loans and leases | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Automobile | Education | Credit cards | Other retail | Total retail loans | Total loans and leases | Loans and leases due after one year at fixed interest rates | Loans and leases due after one year at variable interest rates |"}
{"_id": "d812de468", "title": "", "text": "Cash Flow from Operating Activities Our operating cash flows in 2004 were significantly impacted by the timing of the Medicare Advantage premium remittance which is payable to us on the first day of each month.\nWhen the first day of a month falls on a weekend or holiday, we have historically received this payment at the end of the previous month.\nAs such, the Medicare Advantage receipts for January 2004 of $211.9 million and January 2003 of $205.8 million were received in December 2003 and December 2002, respectively, because January 1 is a holiday.\nThis timing accounts for a significant portion of the unearned revenues balance on our consolidated balance sheet at December 31, 2003.\nBeginning in 2005, the monthly premium payment schedule includes a change in timing from previous practice.\nAs a result of this change, the January 2005 payment of $290.3 million originally scheduled to be received on Friday, December 31, 2004, was changed to Monday, January 3, 2005, or one business day later.\nTherefore, we received only 11 monthly Medicare Advantage premium remittances during 2004 versus 12 monthly premium remittances during 2003.\nOther than the impact from the timing of the Medicare Advantage premium receipts, the increase in net income and cash generated from changes in working capital increased our operating cash flow in 2004 compared to 2003.\nThe most significant drivers of changes in our working capital are typically the timing of receipts for premiums and administrative services fees and payments of medical expenses.\nWe illustrate these changes with the following summary of receivables and medical and other expenses payable.\nThe detail of total net receivables was as follows at December 31, 2004, 2003 and 2002:"}
{"_id": "d896ad42e", "title": "", "text": "| Millions of kWh Delivered Revenues in Millions (a) | For the Years Ended | Description | Residential/Religious (b) | Commercial/Industrial | Retail choice customers | NYPA, Municipal Agency and other sales | Other operating revenues (c) | Total |"}
{"_id": "d8606f2cc", "title": "", "text": "| Weighted Average Rate (a) Amount | 2005 | Automotive Sector | Debt payable within one year | Short-term | Long-term payable within one year | Senior indebtedness | Total debt payable within one year | Long-term debt | Senior indebtedness | Notes and bank debt | Unamortized discount | Total senior indebtedness | Subordinated indebtedness | Total long-term debt | Total debt | Fair value (b) | Financial Services Sector | Short-term debt | Asset-backed commercial paper (c) | Commercial paper | Other short-term | Total short-term debt | Long-term debt | Senior indebtedness | Notes payable within one year | Notes payable after one year | Unamortized discount | Asset-backed debt (d) | Notes payable within one year | Notes payable after one year | Total long-term debt | `Total debt | Fair value (b) |"}
{"_id": "d85e00216", "title": "", "text": "| As of or for the year ended (e)> | December 31, | (in millions, except ratios) | Consumer real estate | Home finance– home equity and other(a) | Home finance– mortgage | Total Home finance(a) | Auto & education finance | Consumer & small business and other | Credit cardreceivables – reported(b) | Totalconsumer loans – reported | Credit card securitizations(b)(c) | Totalconsumer loans – managed(b) | Assets acquired in loan satisfactions | Total consumer relatedassets – managed | Consumer lending-related commitments: | Home finance | Auto & education finance | Consumer & small business and other | Credit cards | Total lending-related commitments | Total consumer credit portfolio |"}
{"_id": "d87303a32", "title": "", "text": "| Cost Gross Unrealized Losses Estimated Fair Market Value | (in thousands) | Due in one year or less | Due after one through five years | Total |"}
{"_id": "d8e78617a", "title": "", "text": "The overall increase in employee-related costs was primarily driven by increased pension expense.\nThe increase in pension expense for the year ended December 31, 2011 was primarily due to increased contributions in certain of our regulated operating companies whose costs and revenue requirements are based on the actual cash contributions to our pension trust account.\nThis increase was partially offset by lower salaries and wages and group insurance expenses.\nThe decrease in salaries and wages for the year ended December 31, 2011 compared to the same period in the prior year was driven by vacant positions and lower severance expenses, partially offset by increased incentive costs and annual wage increases.\nGroup insurance decreased mainly due to lower postretirement benefits other than pension as the result of changes to the design of our medical plan, and vacant positions as compared to the same period in the prior year."}
{"_id": "d8e586686", "title": "", "text": "| Fiscal year ended -5 | (dollars in millions) | Other financial data: | Depreciation and amortization | Capital expenditures | Same store sales growth -2 : | Domestic Company-owned stores | Domestic franchise stores | Domestic stores | International stores | Store counts (at end of period): | Domestic Company-owned stores | Domestic franchise stores | Domestic stores | International stores | Total stores |"}
{"_id": "d8aa3ae10", "title": "", "text": "and the derivatives hedging these benefits, as well as the changes in fair value of derivatives hedging GMDB provisions.\nBenefits, claims, losses and settlement expenses also include amortization of DSIC.\nAmortization of DAC Direct sales commissions and other costs capitalized as DAC are amortized over time.\nFor annuity and UL contracts, DAC are amortized based on projections of estimated gross profits over amortization periods equal to the approximate life of the business.\nFor other insurance products, DAC are generally amortized as a percentage of premiums over amortization periods equal to the premium-paying period.\nFor certain mutual fund products, DAC are generally amortized over fixed periods on a straight-line basis adjusted for redemptions.\nSee ‘‘Deferred Acquisition Costs and Deferred Sales Inducement Costs’’ under ‘‘Critical Accounting Policies’’ for further information on DAC.\nInterest and Debt Expense Interest and debt expense primarily includes interest on corporate debt and debt of CIEs, the impact of interest rate hedging activities and amortization of debt issuance costs.\nGeneral and Administrative Expense General and administrative expense includes compensation, share-based awards and other benefits for employees (other than employees directly related to distribution, including financial advisors), integration costs, professional and consultant fees, information technology, facilities and equipment, advertising and promotion, legal and regulatory and corporate related expenses.\nAssets Under Management and Administration Assets under management (‘‘AUM’’) include external client assets for which we provide investment management services, such as the assets of the Columbia funds and Threadneedle funds, assets of institutional clients and assets of clients in our advisor platform held in wrap accounts as well as assets managed by sub-advisers selected by us.\nAUM also includes certain assets on our Consolidated Balance Sheets for which we provide investment management services and recognize management fees in our Asset Management segment, such as the assets of the general account and the variable product funds held in the separate accounts of our life insurance subsidiaries and client assets of CIEs.\nThese assets do not include assets under advisement, for which we provide model portfolios but do not have full discretionary investment authority.\nCorporate & Other AUM primarily includes former bank assets that are managed within our Corporate & Other segment.\nAssets under administration (‘‘AUA’’) include assets for which we provide administrative services such as client assets invested in other companies’ products that we offer outside of our wrap accounts.\nThese assets include those held in clients’ brokerage accounts.\nWe generally record revenues received from administered assets as distribution fees.\nWe do not exercise management discretion over these assets and do not earn a management fee.\nThese assets are not reported on our Consolidated Balance Sheets.\nAUA also includes certain assets on our Consolidated Balance Sheets for which we do not provide investment management services and do not recognize management fees, such as investments in non-affiliated funds held in the separate accounts of our life insurance subsidiaries.\nThese assets do not include assets under advisement, for which we provide model portfolios but do not have full discretionary investment authority."}
{"_id": "d8a0bcdb6", "title": "", "text": "| (Dollars in millions) 2011 2010 2009 2008 2007 | Allowance for loan and lease losses, January 1-1 | Loans and leases charged off | Residential mortgage | Home equity | Discontinued real estate | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer charge-offs | U.S. commercial-2 | Commercial real estate | Commercial lease financing | Non-U.S. commercial | Total commercial charge-offs | Total loans and leases charged off | Recoveries of loans and leases previously charged off | Residential mortgage | Home equity | Discontinued real estate | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer recoveries | U.S. commercial-3 | Commercial real estate | Commercial lease financing | Non-U.S. commercial | Total commercial recoveries | Total recoveries of loans and leases previously charged off | Net charge-offs | Provision for loan and lease losses | Other-4 | Allowance for loan and lease losses, December 31 | Reserve for unfunded lending commitments, January 1 | Provision for unfunded lending commitments | Other-5 | Reserve for unfunded lending commitments, December 31 | Allowance for credit losses, December 31 |"}
{"_id": "d816359f4", "title": "", "text": "Liquidity and Capital Resources Overview As a holding company, our cash flows are derived primarily from the operations of and distributions from our operating subsidiaries or funds raised through borrowings under our credit facilities and debt and equity offerings.\nAs of December 31, 2008, we had approximately $638.2 million of total liquidity, comprised of approximately $143.1 million in cash and cash equivalents and the ability to borrow approximately $495.1 million under our Revolving Credit Facility.\nAs of December 31, 2008, our cash and cash equivalents increased by $110.0 million as compared to December 31, 2007.\nSummary cash flow information for the years ended December 31, 2008, 2007 and 2006 is set forth below."}
{"_id": "d8ae623b2", "title": "", "text": "| GAAP As adjusted | (Dollar amounts in millions) | Income before income taxes-1 | Income tax expense | Effective tax rate |"}
{"_id": "d81b4890a", "title": "", "text": "| Community Name Location Period of sale Apartment homes Debt Gross sales price Net proceeds | Avalon View | San Marino | Avalon West | Avalon at Stevens Pond | Avalon Grove-1 | Total of all 2007 asset sales | Total of all 2006 asset sales | Total of all 2005 asset sales |"}
{"_id": "d89498c6a", "title": "", "text": "| 2007 2006 | Vendor non-trade receivables | NAND flash memory prepayments | Other current assets | Total other current assets | April 30, | U.S. OFFICES: | Company-owned offices | Company-owned shared locations-1 | Total company-owned offices | Franchise offices | Franchise shared locations-1 | Total franchise offices | 12,923 | INTERNATIONAL OFFICES: | Canada | Australia | 1,571 |"}
{"_id": "d87c97daa", "title": "", "text": "| 2014 2013 2012 | Current: | U.S.: | Federal | State | Foreign | Total current | Deferred: | U.S.: | Federal | State | Foreign | Total deferred | Provision for income taxes |"}
{"_id": "d877721b8", "title": "", "text": "| 2016 $126,488 | 2017 | 2018 | 2019 | 2020 | 2021 and thereafter | Total future minimum sponsorship and other payments | Years Ended December 31, | 2014 | Solid Waste: | Tier 1 | Tier 2 | Tier 3 | Solid Waste | Wheelabrator | Other | Intercompany | Total |"}
{"_id": "d8777edb4", "title": "", "text": "| Year Return Year Return | 2004 | 2003 | 2002 | 2001 | 2000 |"}
{"_id": "d8126cfd4", "title": "", "text": "Fair Value of Financial Instruments Our debt is reflected on the balance sheet at cost.\nBased on current market conditions, our interest rate margins are below the rate available in the market, which causes the fair value of our debt to fall below the carrying value.\nThe fair value of our term loans (see Note 6, “Long-Term Obligations”) is approximately $570 million at December 31, 2009, as compared to the carrying value of $596 million.\nWe estimated the fair value of our term loans by calculating the upfront cash payment a market participant would require to assume our obligations.\nThe upfront cash payment, excluding any issuance costs, is the amount that a market participant would be able to lend at December 31, 2009 to an entity with a credit rating similar to ours and achieve sufficient cash inflows to cover the scheduled cash outflows under our term loans.\nThe carrying amounts of our cash and equivalents, net trade receivables and accounts payable approximate fair value.\nWe apply the market approach to value our financial assets and liabilities, which include the cash surrender value of life insurance, deferred compensation liabilities and interest rate swaps.\nThe market approach utilizes available market information to estimate fair value.\nRequired fair value disclosures are included in Note 8, “Fair Value Measurements."}
{"_id": "d8a28fac6", "title": "", "text": "Table of Contents The Company uses some custom components that are not commonly used by its competitors, and new products introduced by the Company often utilize custom components available from only one source.\nWhen a component or product uses new technologies, initial capacity constraints may exist until the suppliers yields have matured or manufacturing capacity has increased.\nIf the Companys supply of components for a new or existing product were delayed or constrained, or if an outsourcing partner delayed shipments of completed products to the Company, the Companys financial condition and operating results could be materially adversely affected.\nThe Companys business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source, or to identify and obtain sufficient quantities from an alternative source.\nContinued availability of these components at acceptable prices, or at all, may be affected if those suppliers concentrated on the production of common components instead of components customized to meet the Companys requirements.\nThe Company has entered into agreements for the supply of many components; however, there can be no guarantee that the Company will be able to extend or renew these agreements on similar terms, or at all.\nTherefore, the Company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results.\nSubstantially all of the Companys hardware products are manufactured by outsourcing partners that are located primarily in Asia.\nA significant concentration of this manufacturing is currently performed by a small number of outsourcing partners, often in single locations.\nCertain of these outsourcing partners are the solesourced suppliers of components and manufacturers for many of the Companys products.\nAlthough the Company works closely with its outsourcing partners on manufacturing schedules, the Companys operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments.\nThe Companys purchase commitments typically cover its requirements for periods up to 150 days."}
{"_id": "d8cc02a98", "title": "", "text": "| As of and for the Year Ended December 31, | (dollars in millions) | Allowance for Loan and Lease Losses—Beginning: | Commercial | Commercial real estate | Leases | Qualitative-1 | Total commercial | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others-2 | Home equity lines of credit serviced by others-2 | Automobile | Student | Credit cards | Other retail | Qualitative-1 | Total retail | Unallocated | Total allowance for loan and lease losses—beginning |"}
{"_id": "d86c1ef50", "title": "", "text": "CITI HOLDINGS Citi Holdings contains businesses and portfolios of assets that Citigroup has determined are not central to its core Citicorp business.\nThese noncore businesses tend to be more asset-intensive and reliant on wholesale funding and also may be product-driven rather than client-driven.\nCiti intends to exit these businesses as quickly as practicable yet in an economically rational manner through business divestitures, portfolio run-off and asset sales.\nCiti has made substantial progress divesting and exiting businesses from Citi Holdings, having completed 15 divestitures in 2009, including Smith Barney, Nikko Cordial Securities, Nikko Asset Management Financial Institution Credit Card business (FI) and Diners Club North America.\nCiti Holdings’ assets have been reduced by nearly 40%, or $351 billion, from the peak level of $898 billion in the first quarter of 2008 to $547 billion at year-end 2009.\nCiti Holdings’ assets represented less than 30% of Citi’s assets as of December 31, 2009.\nAsset reductions from Citi Holdings have the combined benefits of further fortifying Citigroup’s capital base, lowering risk, simplifying the organization and allowing Citi to allocate capital to fund long-term strategic businesses.\nCiti Holdings consists of the following businesses: Brokerage and Asset Management; Local Consumer Lending; and Special Asset Pool.\nWith Citi’s exit from the loss-sharing agreement with the U. S.  government in December 2009, the Company conducted a broad review of the Citi Holdings asset base to determine which assets are strategically important to Citicorp.\nAs a result of this analysis, approximately $61 billion of assets will be moved from Citi Holdings into Citicorp in the first quarter of 2010.\nThe assets consist primarily of approximately $34 billion of U. S.  mortgages that will be transferred to NA RCB, approximately $19 billion of commercial and corporate loans and securities related to core Citicorp clients, of which approximately $17 billion will be moved to S&B and the remainder to NA RCB, and approximately $5.0 billion of assets related to Citi’s Mexico asset management business that will be moved to LATAM RCB."}
{"_id": "d89e8cf46", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | Case reserves reported by ceding companies | Additional case reserves established by the Company (assumed reinsurance)(1) | Case reserves established by the Company (direct insurance) | Incurred but not reported reserves | Gross reserves | Reinsurance receivable | Net reserves | A.M. Best | Senior Notes | Trust Preferred Securities | Long Term Notes |"}
{"_id": "d811dc222", "title": "", "text": "| As of December | $ in millions | Deposits | Collateralized financings: | Repurchase agreements | Securities loaned | Other secured financings | Total collateralized financings | Unsecured short-term borrowings | Unsecured long-term borrowings | Total shareholders’ equity | Total funding sources |"}
{"_id": "d8d3625ea", "title": "", "text": "| Years Ended December 31, | 2009 | (In millions) | Investment return | Separate account balances | Net investment gain (loss) related | Expense | In-force/Persistency | Policyholder dividends and other | Total |"}
{"_id": "d8c58c2b8", "title": "", "text": "| Year Ended December 31, | 2003 | Statements of Income Data: | Revenue | Cost of goods sold | Gross Margin | Operating income | Other (income) expense | Interest, net | Other, net | Income before provision for income taxes | Provision for income taxes | Net income | Basic earnings per share | Diluted earnings per share | Shares used in per share calculation-basic(a) | Shares used in per share calculation-diluted(a) |"}
{"_id": "d8cc44b82", "title": "", "text": "| December 31, | 2011 | (in millions) | Balance Sheet Data:-3 | Investments | Separate account assets | Total assets before consolidated investment entities | Future policy benefits and claims | Separate account liabilities | Customer deposits | Long-term debt | Short-term borrowings | Total liabilities before consolidated investment entities | Total Ameriprise Financial, Inc. shareholders' equity |"}
{"_id": "d8ae71060", "title": "", "text": "Other information required by Item 10 appearing under the caption Director Nominees and Continuing Directors and Section 16(a) Beneficial Ownership Reporting Compliance, of the companys proxy statement to be filed pursuant to Regulation 14A within 120 days after December 31, 2006, is incorporated herein by reference.\nItem 11.\nExecutive Compensation The information required by Item 11 appearing under the caption Executive Compensation in the companys proxy statement, to be filed pursuant to Regulation 14A within 120 days after December 31, 2006, is incorporated herein by reference.\nAdditionally, the Ball Corporation 2000 Deferred Compensation Company Stock Plan, the Ball Corporation Deposit Share Program and the Ball Corporation Directors Deposit Share Program were created to encourage key executives and other participants to acquire a larger equity ownership interest in the company and to increase their interest in the companys stock performance.\nNon-employee directors also participate in the 2000 Deferred Compensation Company Stock Plan."}
{"_id": "d867e9ad4", "title": "", "text": "Investing Activities 2011Cash used by investing activities was $197 million in 2011, consisting entirely of capital expenditures.2010Cash used by investing activities was $189 million in 2010, principally for capital expenditures.2009Cash used by investing activities was $178 million in 2009, due principally to $181 million in capital expenditures."}
{"_id": "d8c23f970", "title": "", "text": "Item 7.\nManagements Discussion and Analysis of Financial Condition and Results of Operations Results of Operations  Diamond Offshore  (Continued) While dayrates Diamond Offshore receives for new contracts are no longer at the peak levels achieved at the height of the most recent up-cycle, improving oil prices, which had climbed to approximately $90 per barrel by the end of 2010, appear to be supporting demand for Diamond Offshores equipment.\nAs a result, dayrates for Diamond Offshores international floater rigs appear to have stabilized, though demand for its services has not risen sufficiently to provide significant pricing power on new contracts.\nAdditionally, the continuing regulatory uncertainty in the GOM could cause Diamond Offshore or others to move additional rigs out of the GOM to international locations.\nIf Diamond Offshore, or others, move a large number of additional rigs out of the GOM to international locations, the increased supply of available rigs entering the international market, coupled with un-contracted new-build rigs scheduled for delivery between now and the end of 2011, could create downward pressure on dayrates unless demand improves sufficiently to absorb the new supply.\nDiamond Offshore currently has one high specification floater and two jack-up rigs contracted offshore Egypt with an aggregate net book value of $270 million, or approximately 6.0% of Diamond Offshores total operating assets at December 31, 2010.\nAlthough these rigs have continued to work throughout the recent political unrest in Egypt, there have been, and in the future there may be other, disruptions to the support networks within Egypt, including the banking institutions.\nAt February 1, 2011, Diamond Offshores contract drilling backlog related to its drilling operations offshore Egypt was approximately $60 million, or 2.2% of its total contract backlog, for 2011.\nDiamond Offshores customers may attempt to assert force majeure under the agreements under which these rigs are operating.\nAs of the date of this Report, Diamond Offshore has not received any force majeure assertions with respect to its Egyptian operations.\nSince September 30, 2010 through the date of this Report, Diamond Offshore has entered into 17 new drilling contracts totaling approximately $457 million in backlog and ranging in duration from one well to one year.\nAs of February 1, 2011, Diamond Offshores contract backlog was approximately $6.6 billion, of which its contracts in the GOM (excluding amounts related to the contract for the Ocean Monarch discussed above) represented approximately $141 million, or 2.1%, of Diamond Offshores total contract backlog.\nContract Drilling Backlog The following table reflects Diamond Offshores contract drilling backlog as of February 1, 2011, October 18, 2010 (the date reported in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2010) and February 1, 2010 (the date reported in our Annual Report on Form 10-K for the year ended December 31, 2009).\nContract drilling backlog is calculated by multiplying the contracted operating dayrate by the firm contract period and adding one-half of any potential rig performance bonuses.\nDiamond Offshores calculation also assumes full utilization of its drilling equipment for the contract period (excluding scheduled shipyard and survey days); however, the amount of actual revenue earned and the actual periods during which revenues are earned will be different than the amounts and periods shown in the tables below due to various factors.\nUtilization rates, which generally approach 95.0%  98.0% during contracted periods, can be adversely impacted by downtime due to various operating factors including, but not limited to, weather conditions and unscheduled repairs and maintenance.\nContract drilling backlog excludes revenues for mobilization, demobilization, contract preparation and customer reimbursables.\nNo revenue is generally earned during periods of downtime for regulatory surveys.\nChanges in Diamond Offshores contract drilling backlog between periods are a function of the performance of work on term contracts, as well as the extension or modification of existing term contracts and the execution of additional contracts."}
{"_id": "d863f4f6e", "title": "", "text": "| 1 st Quarter 2 nd Quarter 3 rd Quarter 4thQuarter | Ordinary Income | Long-term Capital Gain | Total |"}
{"_id": "d88e1c616", "title": "", "text": "ITEM 6 - SELECTED FINANCIAL DATA The following tables show Intuit’s selected financial information for the past five fiscal years.\nThe comparability of the information is affected by a variety of factors, including acquisitions and divestitures of businesses, issuance and repayment of debt, share-based compensation expense, amortization of acquired technology and other acquired intangible assets, repurchases of common stock under our stock repurchase programs, and the payment of cash dividends.\nIn fiscal 2014, fiscal 2015, and fiscal 2018 we acquired several companies and we have included the results of operations for each of them in our consolidated results of operations from their respective dates of acquisition.\nIn fiscal 2014 we completed the sales of our Intuit Financial Services and Intuit Health businesses.\nIn fiscal 2016 we completed the sales of our Demandforce, QuickBase, and Quicken businesses.\nWe accounted for all of these businesses as discontinued operations and have therefore reclassified our statements of operations for all periods presented below to reflect them as such.\nWe have also reclassified our balance sheets for all periods presented below to reflect Intuit Financial Services, Demandforce, QuickBase, and Quicken as discontinued operations.\nThe net assets of Intuit Health were not significant, so we have not reclassified our balance sheets for any period presented below to reflect them as discontinued operations.\nTo better understand the information in these tables, investors should read “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 7 of this Annual Report, and the financial statements and related notes in Item 8 of this Annual Report, especially Note 7, “Discontinued Operations.\n”"}
{"_id": "d85da43b2", "title": "", "text": "| 2006 2005 | (Amounts in millions) | ASSETS: | Money market investments | Securities: | Held to maturity | Available for sale | Trading account | Total securities | Loans: | Loans held for sale | Net loans and leases-2 | Total loans and leases | Total interest-earning assets | Cash and due from banks | Allowance for loan losses | Goodwill | Core deposit and other intangibles | Other assets | Total assets | LIABILITIES: | Interest-bearing deposits: | Savings and NOW | Money market | Time under $100,000 | Time $100,000 and over | Foreign | Total interest-bearing deposits | Borrowed funds: | Securities sold, not yet purchased | Federal funds purchased and security repurchase agreements | Commercial paper | FHLB advances and other borrowings: | One year or less | Over one year | Long-term debt | Total borrowed funds | Total interest-bearing liabilities | Noninterest-bearing deposits | Other liabilities | Total liabilities | Minority interest | Shareholders’ equity: | Preferred equity | Common equity | Total shareholders’ equity | Total liabilities and shareholders’ equity | Spread on average interest-bearing funds | Taxable-equivalent net interest income and net yield on interest-earning assets |"}
{"_id": "d8c8497a8", "title": "", "text": "| (In thousands) 2014 2013 Change | Oilseeds | Corn | Milling and cocoa | Total |"}
{"_id": "d86edfe6a", "title": "", "text": "Frequent Flyer Programs American established AAdvantage ?\nto develop passenger loyalty by offering awards to travelers for their continued patronage.\nWe believe that the AAdvantage program is one of our competitive strengths.\nAAdvantage benefits from a growing base of approximately 74 million members with desirable demographics who have demonstrated a strong willingness to collect AAdvantage miles over other loyalty program incentives and are generally disposed to adjusting their purchasing behavior in order to earn additional AAdvantage miles.\nAAdvantage members earn mileage credits by flying on American, the American Eagle carriers, the third-party regional carriers and other participating airlines or by using services of other participants in the AAdvantage program.\nMileage credits can be redeemed for free, discounted or upgraded travel on American, the American Eagle carriers or other participating airlines, or for other awards.\nOnce a member accrues sufficient mileage for an award, the member may book award travel.\nMost travel awards are subject to capacity-controlled seating.\nA member's mileage credit does not expire as long as that member has any type of qualifying activity at least once every 18 months.\nAmerican sells mileage credits and related services to other participants in the AAdvantage program.\nThere are over 1,000 program participants, including a leading credit card issuer (Citibank), hotels, car rental companies and other products and services companies in the AAdvantage program.\nWe believe that program participants benefit from the sustained purchasing behavior of AAdvantage members, which translates into a recurring stream of revenues for AAdvantage.\nUnder our agreements with AAdvantage members and program participants, we reserve the right to change the AAdvantage program at any time without notice, and may end the program with six months notice.\nAs of December 31, 2013, AAdvantage had approximately 74 million total members, and 622.3 billion outstanding award miles.\nDuring 2013, AAdvantage issued approximately 202.8 billion miles, of which approximately 64% were sold to program participants.\nSee Part II, Item 7.\nManagement’s Discussion and Analysis of Financial Condition and Results of Operations - \" Critical Accounting Policies and Estimates\" for more information on AAdvantage.\nUS Airways offers a similar frequent flyer program under the Dividend Miles brand that allows participants to earn mileage credits for each paid flight segment on US Airways and certain other airlines that participate in the program.\nParticipants flying in first class or US Airways' international business class (Envoy class) may receive additional mileage credits.\nParticipants can also receive mileage credits through special promotions that US Airways periodically offers and may also earn mileage credits by utilizing certain credit cards and purchasing services from non-airline partners such as hotels and rental car agencies."}
{"_id": "d8ab690b6", "title": "", "text": "premium content complementary to FOX News programming directly to consumers.\nWe intend to identify similarly innovative new products and services across our business to increase revenues and profitability in the future.\nSegments Cable Network Programming The Cable Network Programming segment produces and licenses news, business news and sports content for distribution primarily through MVPDs primarily in the U. S.  The businesses in this segment include FOX News Media (which is comprised of FOX News and FOX Business) and our primary cable sports programming networks FS1, FS2 and Big Ten Network.\nThe following table lists the Company’s significant cable networks and the number of subscribers as estimated by Nielsen Media Research (“Nielsen”):"}
{"_id": "d89cb9a3e", "title": "", "text": "| 2018 2017 2016 | Interest incurred | Less: Capitalized interest | Interest Expense |"}
{"_id": "d81143aae", "title": "", "text": "Additional Considerations Items which could have a future impact on N&SS operations include the following: United Launch Alliance On December 1, 2006, we completed the transaction with Lockheed Martin Corporation (Lockheed) to create a 50/50 joint venture named United Launch Alliance L. L. C.  (ULA).\nULA combines the production, engineering, test and launch operations associated with U. S.  government launches of Boeing Delta and Lockheed Atlas rockets.\nIn connection with the transaction,\nbillion of unused borrowing on revolving credit line agreements.\nWe anticipate that these credit lines will primarily serve as backup liquidity to support our general corporate borrowing needs.\nFinancing commitments totaled $18.1 billion and $15.9 billion as of December 31, 2012 and 2011.\nWe anticipate that we will not be required to fund a significant portion of our financing commitments as we continue to work with third party financiers to provide alternative financing to customers.\nHistorically, we have not been required to fund significant amounts of outstanding commitments.\nHowever, there can be no assurances that we will not be required to fund greater amounts than historically required.\nIn the event we require additional funding to support strategic business opportunities, our commercial aircraft financing commitments, unfavorable resolution of litigation or other loss contingencies, or other business requirements, we expect to meet increased funding requirements by issuing commercial paper or term debt.\nWe believe our ability to access external capital resources should be sufficient to satisfy existing short-term and long-term commitments and plans, and also to provide adequate financial flexibility to take advantage of potential strategic business opportunities should they arise within the next year.\nHowever, there can be no assurance of the cost or availability of future borrowings, if any, under our commercial paper program, in the debt markets or our credit facilities.\nAt December 31, 2012 and 2011, our pension plans were $19.7 billion and $16.6 billion underfunded as measured under GAAP.\nOn an ERISA basis our plans are more than 100% funded at December 31, 2012 with minimal required contributions in 2013.\nWe expect to make discretionary contributions to our plans of approximately $1.5 billion in 2013.\nWe may be required to make higher contributions to our pension plans in future years.\nAs of December 31, 2012, we were in compliance with the covenants for our debt and credit facilities.\nThe most restrictive covenants include a limitation on mortgage debt and sale and leaseback transactions as a percentage of consolidated net tangible assets (as defined in the credit agreements), and a limitation on consolidated debt as a percentage of total capital (as defined).\nWhen considering debt covenants, we continue to have substantial borrowing capacity.\nContractual Obligations The following table summarizes our known obligations to make future payments pursuant to certain contracts as of December 31, 2012, and the estimated timing thereof."}
{"_id": "d8f8055aa", "title": "", "text": "| 2018 2017 2016 | Balance at beginning of year | Additions: | Prior year tax positions | Current year tax positions | Decreases: | Prior year tax positions | Settlements with taxing authorities | Lapse of statute of limitations | Balance at end of year |"}
{"_id": "d86f2adde", "title": "", "text": "Market Risk Related to Equity Prices We have exposure to equity risk through asset/liability mismatches, including our investments in equity securities held in our general account investment portfolio and unhedged exposure in our insurance liabilities, principally related to certain variable annuity living benefit feature embedded derivatives.\nOur equity-based derivatives primarily hedge the equity risk embedded in these living benefit feature embedded derivatives, and are also part of our capital hedging program.\nChanges in equity prices create risk that the resulting changes in asset values will differ from the changes in the value of the liabilities relating to the underlying or hedged products.\nAdditionally, changes in equity prices may impact other items including, but not limited to, the following: ?\nAsset-based fees earned on assets under management or contractholder account value; ?\nEstimated total gross profits and the amortization of deferred policy acquisition and other costs; and ?\nNet exposure to the guarantees provided under certain products.\nWe manage equity risk against benchmarks in respective markets.\nWe benchmark our return on equity holdings against a blend of market indices, mainly the S&P 500 and Russell 2000 for U. S.  equities.\nWe benchmark foreign equities against the Tokyo Price Index, and the MSCI EAFE, a market index of European, Australian, and Far Eastern equities.\nWe target price sensitivities that approximate those of the benchmark indices.\nWe estimate our equity risk from a hypothetical 10% decline in equity benchmark market levels.\nThe following table sets forth the net estimated potential loss in fair value from such a decline as of December 31, 2016 and 2015.\nWhile these scenarios are for illustrative purposes only and do not reflect our expectations regarding future performance of equity markets or of our equity portfolio, they represent near-term reasonably possible hypothetical changes that illustrate the potential impact of such events.\nThese scenarios consider only the direct impact on fair value of declines in equity benchmark market levels and not changes in asset-based fees recognized as revenue, changes in our estimates of total gross profits used as a basis for amortizing deferred policy acquisition and other costs, or changes in any other assumptions such as market volatility or mortality, utilization or persistency rates in our variable annuity contracts that could also impact the fair value of our living benefit features.\nIn addition, these scenarios do not reflect the impact of basis risk, such as potential differences in the performance of the investment funds underlying the variable annuity products relative to the market indices we use as a basis for developing our hedging strategy.\nThe impact of basis risk could result in larger differences between the change in fair value of the equity-based derivatives and the related living benefit features in comparison to these scenarios.\nIn calculating these amounts, we exclude separate account equity securities."}
{"_id": "d861be29a", "title": "", "text": "| Years Ended December 31, | 2013 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income (loss) | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest and debt expense | General and administrative expense | Total expenses | Operating loss |"}
{"_id": "d8afbdcca", "title": "", "text": "Concentrations of Credit Risk Most of the Companys lending activity is with customers located in the New England, Mid-Atlantic and Midwest regions.\nGenerally, loans are collateralized by assets including real estate, inventory, accounts receivable, other personal property and investment securities.\nAs of December 31, 2016 and 2015, the Company had a significant amount of loans collateralized by residential and commercial real estate.\nThere were no significant concentration risks within the commercial loan or retail loan portfolios.\nExposure to credit losses arising from lending transactions may fluctuate with fair values of collateral supporting loans, which may not perform according to contractual agreements.\nThe Companys policy is to collateralize loans to the extent necessary; however, unsecured loans are also granted on the basis of the financial strength of the applicant and the facts surrounding the transaction.\nCertain loan products, including residential mortgages, home equity loans and lines of credit, and credit cards, have contractual features that may increase credit exposure to the Company in the event of an increase in interest rates or a decline in housing values.\nThese products include loans that exceed 90% of the value of the underlying collateral (high LTV loans), interestonly and negative amortization residential mortgages, and loans with low introductory rates.\nCertain loans have more than one of these characteristics."}
{"_id": "d8f45901e", "title": "", "text": "unconsolidated CDOs totaled $421 million and $358 million at December 31, 2018 and 2017.\nInvestment VIEs The Corporation sponsors, invests in or provides financing, which may be in connection with the sale of assets, to a variety of investment VIEs that hold loans, real estate, debt securities or other financial instruments and are designed to provide the desired investment profile to investors or the Corporation.\nAt December 31, 2018 and 2017, the Corporations consolidated investment VIEs had total assets of $270 million and $249 million.\nThe Corporation also held investments in unconsolidated VIEs with total assets of $37.7 billion and $20.3 billion at December 31, 2018 and 2017.\nThe Corporations maximum loss exposure associated with both consolidated and unconsolidated investment VIEs totaled $7.2 billion and $5.7 billion at December 31, 2018 and 2017 comprised primarily of on-balance sheet assets less non-recourse liabilities.\nLeveraged Lease Trusts The Corporations net investment in consolidated leveraged lease trusts totaled $1.8 billion and $2.0 billion at December 31, 2018 and 2017.\nThe trusts hold long-lived equipment such as rail cars, power generation and distribution equipment, and commercial aircraft.\nThe Corporation structures the trusts and holds a significant residual interest.\nThe net investment represents the Corporations maximum loss exposure to the trusts in the unlikely event that the leveraged lease investments become worthless.\nDebt issued by the leveraged lease trusts is non-recourse to the Corporation.\nTax Credit VIEs The Corporation holds investments in unconsolidated limited partnerships and similar entities that construct, own and operate affordable housing, wind and solar projects.\nAn unrelated third party is typically the general partner or managing member and has control over the significant activities of the VIE.\nThe Corporation earns a return primarily through the receipt of tax credits allocated to the projects.\nThe maximum loss exposure included in the Other VIEs table was $17.0 billion and $13.8 billion at December 31, 2018 and 2017.\nThe Corporations risk of loss is generally mitigated by policies requiring that the project qualify for the expected tax credits prior to making its investment.\nThe Corporations investments in affordable housing partnerships, which are reported in other assets on the Consolidated Balance Sheet, totaled $8.9 billion and $8.0 billion, including unfunded commitments to provide capital contributions of $3.8 billion and $3.1 billion at December 31, 2018 and 2017.\nThe unfunded commitments are expected to be paid over the next five years.\nDuring 2018, 2017 and 2016, the Corporation recognized tax credits and other tax benefits from investments in affordable housing partnerships of $981 million, $1.0 billion and $1.1 billion and reported pretax losses in other income of $798 million, $766 million and $789 million, respectively.\nTax credits are recognized as part of the Corporations annual effective tax rate used to determine tax expense in a given quarter.\nAccordingly, the portion of a years expected tax benefits recognized in any given quarter may differ from 25 percent.\nThe Corporation may from time to time be asked to invest additional amounts to support a troubled affordable housing project.\nSuch additional investments have not been and are not expected to be significant."}
{"_id": "d8a5e5a0e", "title": "", "text": "| 2012 2011 | December 31, (in millions) | Loans(a) | Nonaccrual loans | Loans reported as trading assets | Loans | Subtotal | All other performing loans | Loans reported as trading assets | Loans | Total loans | Long-term debt | Principal-protected debt | Nonprincipal-protected debt(b) | Total long-term debt | Long-term beneficial interests | Nonprincipal-protected debt(b) | Total long-term beneficial interests |"}
{"_id": "d81b7d68c", "title": "", "text": "Litigation reserve The Firm maintains litigation reserves for certain of its litigations, including its material legal proceedings.\nWhile the outcome of litigation is inherently uncertain, management believes, in light of all information known to it at December 31, 2005, that the Firm’s litigation reserves were adequate at such date.\nManagement reviews litigation reserves periodically, and the reserves may be increased or decreased in the future to reflect further litigation developments.\nThe Firm believes it has meritorious defenses to claims asserted against it in its currently outstanding litigation and, with respect to such litigation, intends to continue to defend itself vigorously, litigating or settling cases according to management’s judgment as to what is in the best interest of stockholders."}
{"_id": "d87bac562", "title": "", "text": "| In millions except per share amounts 2009 2008 2007 | Earnings (loss) from continuing operations | Effect of dilutive securities (a) | Earnings (loss) from continuing operations – assumingdilution | Average common shares outstanding | Effect of dilutive securities Restricted performance share plan (a) | Stock options (b) | Average common shares outstanding – assuming dilution | Basic earnings (loss) per common share from continuing operations | Diluted earnings (loss) per common share from continuing operations |"}
{"_id": "d8d4e1722", "title": "", "text": "| Year ended December 31, | 2007 | (in millions) | Operating results: | Revenues | Expenses | Adjusted operating income | Realized investment gains, net, and related adjustments-1 | Income from continuing operations before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d820b0dc0", "title": "", "text": "| Year ended December 31, 2016 | In millions of dollars | Net cash provided by operating activities of continuing operations | Cash flows from investing activities of continuing operations | Purchases of investments | Proceeds from sales of investments | Proceeds from maturities of investments | Change in loans | Proceeds from sales and securitizations of loans | Change in federal funds sold and resales | Proceeds from significant disposals | Payments due to transfers of net liabilities associated with significant disposals | Changes in investments and advances—intercompany | Other investing activities | Net cash used in investing activities of continuing operations | Cash flows from financing activities of continuing operations | Dividends paid | Issuance of preferred stock | Treasury stock acquired | Proceeds (repayments) from issuance of long-term debt, net | Proceeds (repayments) from issuance of long-term debt—intercompany, net | Change in deposits | Change in federal funds purchased and repos | Change in short-term borrowings | Net change in short-term borrowings and other advances—intercompany | Other financing activities | Net cash provided by financing activities of continuing operations | Effect of exchange rate changes on cash and due from banks | Change in cash and due from banks and deposits with banks | Cash and due from banks and deposits with banks atbeginning of period | Cash and due from banks and deposits with banks at end of period | Cash and due from banks | Deposits with banks | Cash and due from banks and deposits with banks at end of period | Supplemental disclosure of cash flow information for continuing operations | Cash paid during the year for income taxes | Cash paid during the year for interest | Non-cash investing activities | Transfers to loans held-for-sale from loans | Transfers to OREO and other repossessed assets |"}
{"_id": "d8b388544", "title": "", "text": "The Annuities segment provides variable and fixed annuity products of RiverSource Life companies to retail clients.\nPrior to the fourth quarter of 2010, the Companys variable annuity products were provided through both affiliated and unaffiliated advisors through third-party distribution.\nDuring the fourth quarter of 2010, the Company discontinued new sales of its variable annuities in non-Ameriprise channels to further strengthen the risk and return characteristics of the business.\nThe Companys fixed annuity products are provided through affiliated advisors as well as unaffiliated advisors through third-party distribution.\nRevenues for the Companys variable annuity products are primarily earned as fees based on underlying account balances, which are impacted by both market movements and net asset flows.\nRevenues for the Companys fixed annuity products are primarily earned as net investment income on invested assets supporting fixed account balances, with profitability significantly impacted by the spread between net investment income earned and interest credited on the fixed account balances.\nThe Company also earns net investment income on invested assets supporting reserves for immediate annuities and for certain guaranteed benefits offered with variable annuities and on capital supporting the business.\nIntersegment revenues for this segment reflect fees paid by the Asset Management segment for marketing support and other services provided in connection with the availability of RiverSource Variable Series Trust, Columbia Funds Variable Insurance Trust, Columbia Funds Variable Insurance Trust I and Wanger Advisors Trust funds under the variable annuity contracts.\nIntersegment expenses for this segment include distribution expenses for services provided by the Advice & Wealth Management segment, as well as expenses for investment management services provided by the Asset Management segment."}
{"_id": "d86cd29ec", "title": "", "text": "The following table summarizes the loan grades applied to the various classes of the Company’s commercial loans and commercial real estate loans."}
{"_id": "d8e533d1e", "title": "", "text": "backed securities, as well as certain corporate notes and bonds with limited market activity.\nAt December 31, 2009, $71.5 million, or approximately 7.3%, of the Company’s investment securities were categorized as Level 3 assets (all of which were pledged under certain collateral arrangements (see Note 17)).\nAll of the assets classified as Level 3 at December 31, 2009 were acquired when Old Merck elected to be redeemed-in-kind from a short-term fixed income fund that restricted cash redemptions as described below.\nIf the inputs used to measure the financial assets and liabilities fall within more than one level described above, the categorization is based on the lowest level input that is significant to the fair value measurement of the instrument.\nFinancial Assets and Liabilities Measured at Fair Value on a Recurring Basis Financial assets and liabilities measured at fair value on a recurring basis are summarized below:"}
{"_id": "d8add2bb8", "title": "", "text": "| (In millions, except per share information) 2018 2017 2016 | Earnings per common share | Net income | Preferred stock dividends | Net income applicable to common shareholders | Average common shares issued and outstanding | Earnings per common share | Diluted earnings per common share | Net income applicable to common shareholders | Add preferred stock dividends due to assumed conversions-1 | Net income allocated to common shareholders | Average common shares issued and outstanding | Dilutive potential common shares-2 | Total diluted average common shares issued and outstanding | Diluted earnings per common share |"}
{"_id": "d8af8aa5a", "title": "", "text": "| Related Debt Date Disposed Original Expiration Hedge Y/N Notional Amount Fixed Rate Floating LIBOR base Additional basis points Reset period | Senior Notes, due 12/06 | Trust Preferred Securities, due 11/41 | Senior Debentures, due 8/09 | Notes, due 8/13 | Net Cash Settlements Received by Instrument* | Related Debt | Senior Notes, due 12/06 (hedge)** | Trust Preferred Securities, due 11/41** | Senior Debentures, due 8/09 (hedge)*** | Notes, due 8/13*** | $-0- |"}
{"_id": "d87b4ddc8", "title": "", "text": "| Year ended December 31, 2010 Year ended December 31, 2009 | Amortization of DAC and Other Costs-1 | (in millions) | Quarterly market performance adjustment | Annual review / assumption updates | Quarterly adjustment for current period experience and other updates | Total |"}
{"_id": "d8c38ee5c", "title": "", "text": "| December 31, | 2010 | Estimated | Fair | Value | (In millions) | Corporate fixed maturity securities — by sector: | Foreign corporate fixed maturity securities -1 | U.S. corporate fixed maturity securities — by industry: | Industrial | Consumer | Finance | Utility | Communications | Other | Total |"}
{"_id": "d82441bf6", "title": "", "text": "Investing Activities Net cash used in investing activities was $3.8 billion in 2010 including: ?\nNet purchases of marketable securities ($2.6 billion); ?\nPurchase of ZymoGenetics, Inc.  ($829 million); and ?\nCapital expenditures ($424 million)"}
{"_id": "d89cb9c64", "title": "", "text": "| At December 31, | (Dollars in millions) | U.S. Reinsurance | International | Bermuda | Total | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8a73f03a", "title": "", "text": "| Balance, December 31, 2003 $514,177 | Additions during period—depreciation and amortization expense | Deductions during period—disposition and retirements of property | Balance, December 31, 2004 | Additions during period—depreciation and amortization expense | Deductions during period—disposition and retirements of property | Balance, December 31, 2005 | Additions during period—depreciation and amortization expense | Deductions during period—disposition and retirements of property | Balance, December 31, 2006 |"}
{"_id": "d8bb24a32", "title": "", "text": "| 2004 2003 2002 | (in millions) | Gross profit |"}
{"_id": "d8a3e1b9a", "title": "", "text": "Pension and Other Postretirement Net Periodic Benefit Cost Pension Cost Net periodic pension cost is comprised of the following: i) Service Cost  Service cost is the increase in the projected pension benefit obligation resulting from benefits payable to employees of the Subsidiaries on service rendered during the current year.\nii) Interest Cost on the Liability  Interest cost is the time value adjustment on the projected pension benefit obligation at the end of each year.\niii) Expected Return on Plan Assets  Expected return on plan assets is the assumed return earned by the accumulated pension fund assets in a particular year.\niv) Amortization of Prior Service Cost  This cost relates to the increase or decrease to pension benefit cost for service provided in prior years due to amendments in plans or initiation of new plans.\nAs the economic benefits of these costs are realized in the future periods, these costs are amortized to pension expense over the expected service years of the employees.\nv) Amortization of Net Actuarial Gains or Losses  Actuarial gains and losses result from differences between the actual experience and the expected experience on pension plan assets or projected pension benefit obligation during a particular period.\nThese gains and losses are accumulated and, to the extent they exceed 10% of the greater of the projected pension benefit obligation or the market-related value of plan assets, they are amortized into pension expense over the expected service years of the employees.\nThe Subsidiaries recognized pension expense of $98 million in 2007 as compared to $180 million in 2006 and $146 million in 2005.\nThe major components of net periodic pension cost described above were as follows:"}
{"_id": "d8f62a17c", "title": "", "text": "| 2012/2011 Increase/(Decrease) in Income/ Expense Due to Changes in: 2011/2010 Increase/(Decrease) in Income/ Expense Due to Changes in: | Taxable-equivalent basis – in millions | Interest-Earning Assets | Investment securities | Securities available for sale | Residential mortgage-backed | Agency | Non-agency | Commercial mortgage-backed | Asset-backed | US Treasury and government agencies | State and municipal | Other debt | Total securities available for sale | Securities held to maturity | Residential mortgage-backed | Commercial mortgage-backed | Asset-backed | US Treasury and government agencies | State and municipal | Other | Total securities held to maturity | Total investment securities | Loans | Commercial | Commercial real estate | Equipment lease financing | Consumer | Residential real estate | Total loans | Loans held for sale | Federal funds sold and resale agreements | Other | Total interest-earning assets | Interest-Bearing Liabilities | Interest-bearing deposits | Money market | Demand | Savings | Retail certificates of deposit | Time deposits in foreign offices and other time | Total interest-bearing deposits | Borrowed funds | Federal funds purchased and repurchase agreements | Federal Home Loan Bank borrowings | Bank notes and senior debt | Subordinated debt | Commercial paper | Other | Total borrowed funds | Total interest-bearing liabilities | Change in net interest income |"}
{"_id": "d8f86df24", "title": "", "text": "| In millions of dollars, except as otherwise noted 2016 2015 2014 Change2016 vs. 2015 Change2015 vs. 2014 | Interest revenue-1 | Interest expense | Net interest revenue-1(2) | Interest revenue—average rate | Interest expense—average rate | Net interest margin | Interest rate benchmarks | Two-year U.S. Treasury note—average rate | 10-year U.S. Treasury note—average rate | 10-year vs. two-year spread |"}
{"_id": "d8be2ad26", "title": "", "text": "| December 31 | (Dollars in millions) | Consumer | Residential mortgage-2 | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer | Commercial | U.S. commercial | Commercial real estate | Commercial lease financing | Non-U.S. commercial | 137 | U.S. small business commercial | Total commercial | Total accruing loans and leases past due 90 days or more-3 |"}
{"_id": "d8671f496", "title": "", "text": "| Year Ended December 31 | ($ in millions) | Net earnings (loss) | Goodwill impairment | Deferred income taxes | Depreciation and amortization | Stock-based compensation | Retiree benefit funding less than (in excess of) expense | Trade working capital decrease (increase) | Net cash provided by (used in) operating activities |"}
{"_id": "d8b642df2", "title": "", "text": "Client intermediation As a financial intermediary, the Firm is involved in structuring VIE transactions to meet investor and client needs.\nThe Firm intermediates various types of risks (including, for example, fixed income, equity and credit), typically using derivative instruments.\nIn certain circumstances, the Firm also provides liquidity and other support to the VIEs to facilitate the transaction.\nThe Firms current exposure to nonconsolidated VIEs is reflected in its Consolidated balance sheet or in the Notes to consolidated financial statements.\nThe risks inherent in derivative instruments or liquidity commitments are managed similarly to other credit, market and liquidity risks to which the Firm is exposed."}
{"_id": "d8d4156f4", "title": "", "text": "| Millions 2017 2016 2015 | Cash provided by operating activities | Cash used in investing activities | Dividends paid | Free cash flow |"}
{"_id": "d8eaaba76", "title": "", "text": "Fuel systems business sales increased primarily due to improved OEM first fit sales in China and the aftermarket recovery in North America, which was partially offset by decreased first fit sales in North America.\nSegment EBIT Components segment EBIT almost tripled versus 2009, primarily due to the improved gross margin which was partially offset by increased selling, general and administrative expenses and research, development and engineering expenses.\nChanges in Components segment EBIT and EBIT as a percentage of sales were as follows:"}
{"_id": "d86bb7238", "title": "", "text": "| Payments Due by Period | Total | (in thousands) | Debt-1 | Interest-2 | Operating leases-3 | Purchase and other obligations-4 | Total |"}
{"_id": "d8e42d0aa", "title": "", "text": "| Jurisdiction As of  December 2017 | U.S. Federal | New York State and City | United Kingdom | Japan | Hong Kong |"}
{"_id": "d816dc7f4", "title": "", "text": "| Credit Agency American Express Entity Short-Term Ratings Long-Term Ratings Outlook | DBRS | Fitch | Moody’s | Moody’s | S&P | S&P | S&P | (Billions) | American Express Credit Corporation: | Fixed Rate Senior Notes (weighted-average coupon of 1.65%) | Floating Rate Senior Notes(3-monthLIBOR plus 57 basis points onaverage) | Total | (Millions) | U.S. Consumer Services(a) | International Consumer and Network Services | Global Commercial Services | Card Member loans | Less: Reserve for losses | Card Member loans, net | Other loans, net(b) | (Millions) | U.S. Consumer Services(a) | International Consumer and Network Services | Global Commercial Services | Card Member receivables | Less: Reserve for losses | Card Member receivables, net | Other receivables, net(b) |"}
{"_id": "d8b20349e", "title": "", "text": "The security-level assessment is performed on each security, regardless of the classification of the security as available for sale or held to maturity.\nOur assessment considers the security structure, recent security collateral performance metrics if applicable, external credit ratings, failure of the issuer to make scheduled interest or principal payments, our judgment and expectations of future performance, and relevant independent industry research, analysis and forecasts.\nResults of the periodic assessment are reviewed by a cross-functional senior management team representing Asset & Liability Management, Finance, and Market Risk Management.\nThe senior management team considers the results of the assessments, as well as other factors, in determining whether the impairment is other-than-temporary.\nFor debt securities, a critical component of the evaluation for OTTI is the identification of credit-impaired securities, where management does not expect to receive cash flows sufficient to recover the entire amortized cost basis of the security.\nThe paragraphs below describe our process for identifying credit impairment for our most significant categories of securities not backed by the US government or its agencies.\nNon-Agency Residential Mortgage-Backed Securities and Asset-Backed Securities Collateralized by First-Lien and Second-Lien Non-Agency Residential Mortgage Loans Potential credit losses on these securities are evaluated on a security by security basis.\nCollateral performance assumptions are developed for each security after reviewing collateral composition and collateral performance statistics.\nThis includes analyzing recent delinquency roll rates, loss severities, voluntary prepayments, and various other collateral and performance metrics.\nThis information is then combined with general expectations on the housing market, employment, and other economic factors to develop estimates of future performance.\nSecurity level assumptions for prepayments, loan defaults, and loss given default are applied to every security using a third-party cash flow model.\nThe third-party cash flow model then generates projected cash flows according to the structure of each security.\nBased on the results of the cash flow analysis, we determine whether we will recover the amortized cost basis of our security."}
{"_id": "d8c9b07cc", "title": "", "text": "APACHE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) Fair Value The Companys debt is recorded at the carrying amount, net of unamortized discount, on its consolidated balance sheet.\nThe carrying amount of the Companys commercial paper and uncommitted credit facilities and overdraft lines approximate fair value because the interest rates are variable and reflective of market rates.\nApache uses a market approach to determine the fair value of its fixed-rate debt using estimates provided by an independent investment financial data services firm (a Level 2 fair value measurement)."}
{"_id": "d8e73f1b2", "title": "", "text": "| Qualified Pension Plan Nonqualified Pension Plan Postretirement Benefits | Year ended December 31 – in millions | Net periodic cost consists of: | Service cost | Interest cost | Expected return on plan assets | Amortization of prior service cost | Amortization of actuarial losses | Net periodic cost | Other changes in plan assets and benefit obligations recognized in other comprehensive income: | Current year prior service cost/(credit) | Amortization of prior service (cost)/credit | Current year actuarial loss/(gain) | Amortization of actuarial (loss)/gain | Total recognized in OCI | Total recognized in net periodic cost and OCI |"}
{"_id": "d862d1c90", "title": "", "text": "| Sales Order Cancellations Fiscal Year Ended September 30, | Cancelled Sales Orders | 2016 | East | Midwest | Southeast | South Central | Southwest | West | 11,895 |"}
{"_id": "d8c791310", "title": "", "text": "| Years Ended February 29 or 28 | (In millions) | Net loans originated | Total loans sold | Total gain income-1 | Total gain income as a percentage of total loans sold-1 |"}
{"_id": "d8ae06058", "title": "", "text": "North American Printing Papers net sales were $2.7 billion in 2012, $2.8 billion in 2011 and $2.8 billion in 2010.\nOperating profits in 2012 were $331 million compared with $423 million ( $399 million excluding a $24 million gain associated with the repurposing of our Franklin, Virginia mill) in 2011 and $18 million ($333 million excluding facility closure costs) in 2010.\nSales volumes in 2012 were flat with 2011.\nAverage sales margins were lower primarily due to lower export sales prices and higher export sales volume.\nInput costs were higher for wood and chemicals, but were partially offset by lower purchased pulp costs.\nFreight costs increased due to higher oil prices.\nManufacturing operating costs were favorable reflecting strong mill performance.\nPlanned maintenance downtime costs were slightly higher in 2012.\nNo market-related downtime was taken in either 2012 or 2011.\nEntering the first quarter of 2013, sales volumes are expected to increase compared with the fourth quarter of 2012 reflecting seasonally stronger demand.\nAverage sales price realizations are expected to be relatively flat as sales price realizations for domestic and export uncoated freesheet roll and cutsize paper should be stable.\nInput costs should increase for energy, chemicals and wood.\nPlanned maintenance downtime costs are expected to be about $19 million lower with an outage scheduled at our Georgetown mill versus outages at our Courtland and Eastover mills in the fourth quarter of 2012."}
{"_id": "d885113e6", "title": "", "text": "| Asbestos Environmental Total | (in millions of U.S. dollars) | Balance at December 31, 2009-1 | Incurred activity | Payment activity | Foreign currency revaluation | Balance at December 31, 2010 |"}
{"_id": "d87aa3756", "title": "", "text": "| Year ended December 31, | Equity Index | S&P 500 | FTSE 100 | Nikkei 225 | MSCI Emerging Markets | Bond Index | Barclays U.S. Aggregate Bond |"}
{"_id": "d8a89eb4c", "title": "", "text": "| Year Ended December 31, Variance 2010 vs. 2009 | 2010 | Net operating interest income | Commissions | Fees and service charges | Principal transactions | Gains on loans and securities, net | Net impairment | Other revenues | Total non-interest income | Total net revenue |"}
{"_id": "d878098f6", "title": "", "text": "Table of Contents NOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES, INC.\nIn connection with the Merger and pursuant to the Plan on December 9, 2013, AAG and American entered into a joinder to the loan agreement and became co-obligors of US Airways Group’s $1.6 billion 2013 Citicorp Credit Facility and AAG and American entered into a second supplemental indenture that guarantees the payment obligations associated with the 6.125% senior notes.\n(h) Other In 2010, American and Japan Airlines entered into a JBA under which, amongst other things, American provided Japan Airlines a guarantee of certain minimum incremental revenue resulting from the successful operation of the joint business for the first three years following its implementation, subject to certain terms and conditions.\nThe amount required to be paid by American under the guarantee in any one of such years may not exceed $100 million, and is reduced if capacity for one of such years is less than a defined base year period capacity.\nAs of December 31, 2013, American reached an agreement with Japan Airlines to settle the liability for $90 million.\nThe liability is expected to be settled in 2015."}
{"_id": "d8bd97346", "title": "", "text": "Approximately 4,900 employees are represented by the International Brotherhood of Electrical Workers Union, the Utility Workers Union of America, and the International Brotherhood of Teamsters Union.\nEntergy Corporation and Subsidiaries Management's Financial Discussion and Analysis 8 ?\nthe deferral in August 2004 of $7.5 million of fossil plant maintenance and voluntary severance program costs at Entergy New Orleans as a result of a stipulation approved by the City Council.2003 Compared to 2002 Net revenue, which is Entergy's measure of gross margin, consists of operating revenues net of: 1) fuel, fuel-related, and purchased power expenses and 2) other regulatory credits.\nFollowing is an analysis of the change in net revenue comparing 2003 to 2002."}
{"_id": "d88ee0b24", "title": "", "text": "| December 31, 2018-1 | Fair Value | Level 1 | (in millions) | Assets: | Fixed maturities, held-to-maturity-3 | Assets supporting experience-rated contractholder liabilities | Commercial mortgage and other loans | Policy loans | Other invested assets | Short-term investments | Cash and cash equivalents | Accrued investment income | Other assets | Total assets | Liabilities: | Policyholders’ account balances—investment contracts | Securities sold under agreements to repurchase | Cash collateral for loaned securities | Short-term debt | Long-term debt-5 | Notes issued by consolidated VIEs | Other liabilities | Separate account liabilities—investment contracts | Total liabilities |"}
{"_id": "d89151cb4", "title": "", "text": "| Pension Benefits | U.S. | Years Ended December 31 | Service cost | Interest cost | Expected return on plan assets | Net amortization | Termination benefits | Curtailments | Settlements | Net periodic benefit cost (credit) |"}
{"_id": "d8d720646", "title": "", "text": "| One-Percentage Point | (Millions) | Increase (decrease) in the aggregate of service and interest cost components | Increase (decrease) in the benefit obligation |"}
{"_id": "d8738a1d6", "title": "", "text": "Costs and Expenses Cost of Revenue Cost of revenue for fiscal 2018 increased by $28.0 million, or 40%, to $98.6 million from $70.6 million for fiscal 2017.\nGross margin was 83% for fiscal 2018 and 84% for fiscal 2017.\nThe increase in cost of revenue was related to increased growing demand for Impella devices and higher production volume and costs to support growing demand for our Impella devices.\nThe decrease in gross margin was primarily due to an increased investment in direct labor and overhead as we expand our manufacturing capacity, increased shipments of AIC consoles and geographic mix.\nResearch and Development Expenses Research and development expenses for fiscal 2018 increased by $8.9 million, or 13%, to $75.3 million from $66.4 million for fiscal 2017.\nThe increase in research and development expenses was primarily due to product development initiatives on our existing products, such as optical sensor technology, product initiatives, such as Impella 5.5TM and Impella ECPTM devices, the expansion of our engineering organization, increased clinical spending primarily related to our STEMI trial and cVAD registry and our continnued focus on quality initiatives for our Impella devices.\nWe expect research and development expenses to continue to increase as we continue to increase clinical spending related to our cVAD registry and the STEMI trial and incur additional costs as we continue to ffocus on engineering initiatives to improve our existing products and develop new technologies."}
{"_id": "d8b546aac", "title": "", "text": "Our capital lease obligations relate primarily to leases on aircraft.\nCapital leases, operating leases, and purchase commitments, as well as our debt principal obligations, are discussed further in Note 7 to our consolidated financial statements.\nThe amount of interest on our debt was calculated as the contractual interest payments due on our fixed-rate debt, in addition to interest on variable rate debt that was calculated based on interest rates as of December 31, 2010.\nThe calculations of debt interest take into account the effect of interest rate swap agreements.\nFor debt denominated in a foreign currency, the U. S.  Dollar equivalent principal amount of the debt at the end of the year was used as the basis to calculate future interest payments.\nPurchase commitments represent contractual agreements to purchase goods or services that are legally binding, the largest of which are orders for aircraft, engines, and parts.\nAs of December 31, 2010, we have firm commitments to purchase 20 Boeing 767-300ER freighters to be delivered between 2011 and 2013, and two Boeing 747-400F aircraft scheduled for delivery during 2011.\nThese aircraft purchase orders will provide for the replacement of existing capacity and anticipated future growth.\nPension fundings represent the anticipated required cash contributions that will be made to our qualified pension plans.\nThese contributions include those to the UPS IBT Pension Plan, which was established upon ratification of the national master agreement with the Teamsters, as well as the UPS Pension Plan.\nThese plans are discussed further in Note 5 to the consolidated financial statements.\nThe pension funding requirements were estimated under the provisions of the Pension Protection Act of 2006 and the Employee Retirement Income Security Act of 1974, using discount rates, asset returns, and other assumptions appropriate for these plans.\nTo the extent that the funded status of these plans in future years differs from our current projections, the actual contributions made in future years could materially differ from the amounts shown in the table above.\nAdditionally, we have not included minimum funding requirements beyond 2015, because these projected contributions are not reasonably determinable.\nWe are not subject to any minimum funding requirement for cash contributions in 2011 in the UPS Retirement Plan or UPS Pension Plan.\nThe amount of any minimum funding requirement, as applicable, for these plans could change significantly in future periods, depending on many factors, including future plan asset returns and discount rates.\nA sustained significant decline in the world equity markets, and the resulting impact on our pension assets and investment returns, could result in our domestic pension plans being subject to significantly higher minimum funding requirements.\nSuch an outcome could have a material adverse impact on our financial position and cash flows in future periods.\nThe contractual payments due for “other liabilities” primarily include commitment payments related to our investment in certain partnerships.\nThe table above does not include approximately $284 million of liabilities for\nforward starting swaps and similar instruments to lock in all or a portion of the borrowing cost of anticipated debt issuances.\nOur floating rate debt and interest rate swaps subject us to risk resulting from changes in short-term (primarily LIBOR) interest rates.\nWe also are subject to interest rate risk with respect to our pension and postretirement benefit obligations, as changes in interest rates will effectively increase or decrease our liabilities associated with these benefit plans, which also results in changes to the amount of pension and postretirement benefit expense recognized in future periods.\nWe have investments in debt and preferred equity securities (including auction rate securities), as well as cash-equivalent instruments, some of which accrue income at variable rates of interest.\nAdditionally, we hold a portfolio of finance receivables that accrue income at fixed and floating rates of interest.\nEquity Price Risk We hold investments in various common equity securities that are subject to price risk.\nThese securities are primarily in the form of equity index funds.\nCredit Risk The forward contracts, swaps, and options previously discussed contain an element of risk that the counterparties may be unable to meet the terms of the agreements.\nHowever, we minimize such risk exposures for these instruments by limiting the counterparties to financial institutions that meet established credit guidelines.\nWe do not expect to incur any material losses as a result of counterparty default.\nSensitivity Analysis The following analysis provides quantitative information regarding our exposure to commodity price risk, foreign currency exchange risk, interest rate risk, and equity price risk embedded in our existing financial instruments.\nWe utilize valuation models to evaluate the sensitivity of the fair value of financial instruments with exposure to market risk that assume instantaneous, parallel shifts in exchange rates, interest rate yield curves, and commodity and equity prices.\nFor options and instruments with non-linear returns, models appropriate to the instrument are utilized to determine the impact of market shifts.\nThere are certain limitations inherent in the sensitivity analyses presented, primarily due to the assumption that exchange rates change in a parallel fashion and that interest rates change instantaneously.\nIn addition, the analyses are unable to reflect the complex market reactions that normally would arise from the market shifts modeled.\nWhile this is our best estimate of the impact of the specified interest rate scenarios, these estimates should not be viewed as forecasts.\nWe adjust the fixed and floating interest rate mix of our interest rate sensitive assets and liabilities in response to changes in market conditions.\nAdditionally, changes in the fair value of foreign currency derivatives and commodity derivatives are offset by changes in the cash flows of the underlying hedged foreign currency and commodity transactions."}
{"_id": "d8c2d5ea2", "title": "", "text": "The increase in base rates was effective January 2003 as approved by the MPSC.\nGross operating revenue, fuel and purchased power expenses, and other regulatory charges (credits) Gross operating revenues increased primarily due to an increase in base rates effective January 2003 and an increase of $29.7 million in fuel cost recovery revenues due to quarterly changes in the fuel factor resulting from the increases in market prices of natural gas and purchased power.\nThis increase was partially offset by a decrease of $35.9 million in gross wholesale revenue as a result of decreased generation and purchases that resulted in less energy available for resale sales.\nFuel and fuel-related expenses decreased primarily due to the decreased recovery of fuel and purchased power costs and decreased generation, partially offset by an increase in the market price of purchased power.\nOther regulatory charges increased primarily due to over-recovery of capacity charges related to the Grand Gulf rate rider and the cessation of the Grand Gulf Accelerated Recovery Tariff that was suspended in July 2003.\nOther Income Statement Variances 2004 Compared to 2003 Other operation and maintenance expenses increased primarily due to: ?\nan increase of $6.6 million in customer service support costs; and ?\nan increase of $3.7 million in benefit costs.  .\nThe increase was partially offset by the absence of the voluntary severance program accruals of $7.1 million that occurred in 2003.\nTaxes other than income taxes increased primarily due to a higher assessment of ad valorem and franchise taxes compared to the same period in 2003.2003 Compared to 2002 Other operation and maintenance expenses increased primarily due to: ?\nvoluntary severance program accruals of $7.1 million; and ?\nan increase of $4.4 million in benefit costs."}
{"_id": "d89c1cb9e", "title": "", "text": "| September 30, 2008 September 30, 2009 September 30, 2010 September 30, 2011 September 30, 2012 September 30, 2013 | Apple Inc. | S&P 500 Index | S&P Computer Hardware Index | Dow Jones US Technology Supersector Index |"}
{"_id": "d8ca47da2", "title": "", "text": "| For the Three Months Ended or as of December | $ in millions | Tier 1 capital | Average total assets | Deductions from Tier 1 capital | Average adjusted total assets | Off-balance-sheetexposures | Total supplementary leverage exposure | Supplementary leverage ratio |"}
{"_id": "d875b8e80", "title": "", "text": "| Year ended December 31, (in millions) 2008 2007 2006 | Fair value hedge ineffective netgains(a) | Cash flow hedge ineffective netgains(a) | Cash flow hedging net gains onforecasted transactions that failed to occur |"}
{"_id": "d8a24280c", "title": "", "text": "| Three Months Ended | Dec. 31, 2017 | (Unaudited, in thousands, except per share data) | Consolidated Statement of Operations Data: | Revenue | Advertising services | Data licensing and other | Total revenue | Costs and expenses-1 | Cost of revenue | Research and development | Sales and marketing | General and administrative | Total costs and expenses | Income (loss) from operations | Interest expense | Other income (expense), net(2) | Income (loss) before income taxes | Provision for income taxes | Net income (loss) | Net income (loss) per share attributable to common stockholders: | Basic | Diluted | Other Financial Information: | Adjusted EBITDA-3 | Non-GAAP net income-4 |"}
{"_id": "d8e0fbf9e", "title": "", "text": "| Property and equipment $870 | Franchise-related customer relationships | Cable franchise rights | Goodwill | Other assets | Total liabilities | Net assets acquired | December 31, 2017 | Senior Notes | 2020 | 2021 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Subordinated Notes | 2023 |"}
{"_id": "d8e0598d4", "title": "", "text": "| 2015 2016 2017 | Basic shares outstanding | Dilutive shares | Diluted shares outstanding | Accounts receivable | Inventory | Property, plant & equipment | Goodwill | Intangibles | Other assets | Total assets | Accounts payable | Other current liabilities | Deferred taxes and other liabilities | Cash paid, net of cash acquired | U.S. Plans | 2016 | Projected benefit obligation, beginning | Service cost | Interest cost | Actuarial (gain) loss | Benefits paid | Settlements | Acquisitions (Divestitures), net | Foreign currency translation and other | Projected benefit obligation, ending | Fair value of plan assets, beginning | Actual return on plan assets | Employer contributions | Benefits paid | Settlements | Acquisitions (Divestitures), net | Foreign currency translation and other | Fair value of plan assets, ending | Net amount recognized in the balance sheet | Location of net amount recognized in the balance sheet: | Noncurrent asset | Current liability | Noncurrent liability | Net liability held-for-sale | Net amount recognized in the balance sheet | Pretax accumulated other comprehensive loss |"}
{"_id": "d8d14643c", "title": "", "text": "| Change in Assumption (a) EstimatedIncrease/(Decrease)to 2015PensionExpense(In millions) | .5% decrease in discount rate | .5% decrease in expected long-term return on assets | .5% increase in compensation rate |"}
{"_id": "d81cd672c", "title": "", "text": "| December 31, | 2008 | Sector: | U.S. corporate securities | Foreign corporate securities | Residential mortgage-backed securities | Asset-backed securities | Commercial mortgage-backed securities | State and political subdivision securities | Foreign government securities | Other | Total | Industry: | Mortgage-backed | Finance | Asset-backed | Consumer | Utility | Communication | Industrial | Foreign government | Other | Total |"}
{"_id": "d8cb74608", "title": "", "text": "NOTE 8.\nACQUISITIONS During fiscal 2017, Cadence completed two business combinations for total cash consideration of $142.8 million, after taking into account cash acquired of $4.2 million.\nThe total purchase consideration was allocated to the assets acquired and liabilities assumed based on their respective estimated fair values on the acquisition dates.\nCadence recorded a total of $76.4 million of acquired intangible assets (of which $71.5 million represents in-process technology), $90.2 million of goodwill and $19.6 million of net liabilities consisting primarily of deferred tax liabilities.\nCadence will also make payments to certain employees, subject to continued employment and other performance-based conditions, through the fourth quarter of fiscal 2020.\nDuring fiscal 2016, Cadence completed two business combinations for total cash consideration of $42.4 million, after taking into account cash acquired of $1.8 million.\nThe total purchase consideration was allocated to the assets acquired and liabilities assumed based on their respective estimated fair values on the acquisition dates.\nCadence recorded a total of $23.6 million of goodwill, $23.2 million of acquired intangible assets and $2.6 million of net liabilities consisting primarily of deferred revenue.\nCadence will also make payments to certain employees, subject to continued employment and other conditions, through the second quarter of fiscal 2019.\nA trust for the benefit of the children of Lip-Bu Tan, Cadence’s Chief Executive Officer (“CEO”) and director, owned less than 3% of nusemi inc, one of the companies acquired in 2017, and less than 2% of Rocketick Technologies Ltd. , one of the companies acquired in 2016.\nMr.  Tan and his wife serve as co-trustees of the trust and disclaim pecuniary and economic interest in the trust.\nThe Board of Directors of Cadence reviewed the transactions and concluded that it was in the best interests of Cadence to proceed with the transactions.\nMr.  Tan recused himself from the Board of Directors’ discussion of the valuation of nusemi inc and Rocketick Technologies Ltd.  and on whether to proceed with the transactions.\nAcquisition-related Transaction Costs There were no direct transaction costs associated with acquisitions during fiscal 2018.\nTransaction costs associated with acquisitions were $0.6 million and $1.1 million during fiscal 2017 and 2016, respectively.\nThese costs consist of professional fees and administrative costs and were expensed as incurred in Cadence’s consolidated income statements."}
{"_id": "d88a37bd6", "title": "", "text": "| Contractual Obligations Total Less Than   One Year More Than   One Year and   Less Than   Three Years More Than   Three Years   and Less   Than Five   Years More Than   Five Years | (In millions) | Future policy benefits-1 | Policyholder account balances-2 | Other policyholder liabilities-3 | Short-term debt-4 | Long-term debt-4 | Junior subordinated debt securities-4 | Shares subject to mandatory redemption-4 | Payables for collateral under securities loaned and other transactions-5 | Commitments to lend funds-6 | Operating leases-7 | Other-8 | Total |"}
{"_id": "d8f38c398", "title": "", "text": "| November 1, 2010  (In millions) | Cash (includes $396 million of contractual purchase price adjustments) | MetLife, Inc.’s common stock (78,239,712 shares at $40.90 per share) | MetLife, Inc.’s Convertible Preferred Stock | MetLife, Inc.’s Equity Units ($3.0 billion aggregate stated amount) | Total purchase price |"}
{"_id": "d8af8a85c", "title": "", "text": "Liquidity and Capital Resources Overview of Liquidity As of December 30, 2016, we had $376 million in cash and cash equivalents.\nIn addition, in August 2016, we entered into a secured revolving credit facility which can provide up to $750 million in secured borrowing capacity, if required.\nThis new credit facility replaced the previous unsecured credit facility held that provided $500 million of borrowing capacity.\nDuring fiscal 2016 and the 11-month period ended January 1, 2016, there were no borrowings outstanding under either of the credit facilities and we were in compliance with the financial covenants.\nIn August 2016, our Board of Directors declared a special dividend of $13.64 per share of Leidos common stock.\nConsequently, on August 22, 2016, we paid $993 million to stockholders of record as of August 15, 2016, and accrued $29 million of dividend equivalents with respect to the outstanding unvested equity awards.\nIn addition, we paid quarterly dividends of $142 million, $93 million and $95 million for fiscal 2016, the 11-month period ended January 1, 2016, and fiscal 2015, respectively.\nAt December 30, 2016, and January 1, 2016, we had outstanding debt of $3.3 billion and $1.1 billion, respectively.\nThe notes outstanding as of December 30, 2016, contain financial covenants and customary restrictive covenants.\nWe were in compliance with all covenants as of December 30, 2016.\nIn connection with the Transactions, Leidos has incurred $2.5 billion of new indebtedness in the form of term loans (see \nNote 2Acquisitions"}
{"_id": "d8dacbf3e", "title": "", "text": "| 2011-1 2010-1 (2) 2009-1 (2) 2008-2 2007-2 | STATEMENTS OF OPERATIONS DATA | Net sales | Cost of products sold | Gross margin | Selling, general and administrative expenses | Impairment charges | Restructuring costs-3 | Operating income | Nonoperating expenses: | Interest expense, net | Losses related to extinguishments of debt | Other expense (income), net | Net nonoperating expenses | Income before income taxes | Income taxes | Income (loss) from continuing operations | (Loss) income from discontinued operations, net of tax(4) | Net income (loss) | Net income noncontrolling interests | Net income (loss) controlling interests | Weighted-average shares outstanding: | Basic | Diluted | Earnings (loss) per share: | Basic: | Income (loss) from continuing operations | (Loss) income from discontinued operations | Net income (loss) controlling interests | Diluted: | Income (loss) from continuing operations | (Loss) income from discontinued operations | Net income (loss) controlling interests | Dividends | BALANCE SHEET DATA | Inventories, net | Working capital-5 | Total assets | Short-term debt, including current portion of long-term debt | Long-term debt, net of current portion | Total stockholders’ equity | 2011 | Accounts receivable | Inventory | Accounts payable | Cash conversion cycle | U.S. | Pension plan assets and obligations, net: | Prepaid benefit cost | Accrued current benefit cost | Accrued noncurrent benefit cost | Net liability recognized in the Consolidated Balance Sheet | U.S. | Other postretirement benefit obligations: | Accrued current benefit cost | Accrued noncurrent benefit cost | Liability recognized in the Consolidated Balance Sheet | 2011 | Net pension cost | Net postretirement benefit costs | Total | Impact on 2011Expense | 25 basis point decrease in discount rate | 25 basis point increase in discount rate | 25 basis point decrease in expected return on assets | 25 basis point increase in expected return on assets |"}
{"_id": "d8ca0ff9c", "title": "", "text": "Table 2: The total fair value of restricted stock, restricted stock units, and performance shares that vested during the years ended December 31, 2012, 2011 and 2010, was $20.9 million, $11.6 million and $10.3 million, respectively.\nEligible employees may acquire shares of Class A common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration.\nShares are purchased at the end of each offering period at a price of 90% of the closing price of the Class A common stock as reported on the NASDAQ Global Select Market.\nCompensation expense is recognized on the dates of purchase for the discount from the closing price.\nIn 2012, 2011 and 2010, a total of 27,768, 32,085 and 21,855 shares, respectively, of Class A common stock were issued to participating employees.\nThese shares are subject to a six-month holding period.\nAnnual expense of $0.1 million, $0.2 million and $0.1 million for the purchase discount was recognized in 2012, 2011 and 2010, respectively.\nNon-executive directors receive an annual award of Class A common stock with a value equal to $75,000.\nNon-executive directors may also elect to receive some or all of the cash portion of their annual stipend, up to $25,000, in shares of stock based on the closing price at the date of distribution.\nAs a result, 40,260, 40,585 and 37,350 shares of Class A common stock were issued to non-executive directors during 2012, 2011 and 2010, respectively.\nThese shares are not subject to any vesting restrictions.\nExpense of $2.2 million, $2.1 million and $2.4 million related to these stock-based payments was recognized for the years ended December 31, 2012, 2011 and 2010, respectively.19.\nFAIR VALUE MEASUREMENTS In general, the company uses quoted prices in active markets for identical assets to determine the fair value of marketable securities and equity investments.\nLevel 1 assets generally include U. S.  Treasury securities, equity securities listed in active markets, and investments in publicly traded mutual funds with quoted market prices.\nIf quoted prices are not available to determine fair value, the company uses other inputs that are directly observable.\nAssets included in level 2 generally consist of assetbacked securities, municipal bonds, U. S.  government agency securities and interest rate swap contracts.\nAsset-backed securities, municipal bonds and U. S.  government agency securities were measured at fair value based on matrix pricing using prices of similar securities with similar inputs such as maturity dates, interest rates and credit ratings.\nThe company determined the fair value of its interest rate swap contracts using standard valuation models with market-based observable inputs including forward and spot exchange rates and interest rate curves."}
{"_id": "d8aff5152", "title": "", "text": "United States, fail to either complete treatment or show a long-term sustained response to therapy.\nAs a result, we believe new safe and effective treatment options for HCV infection are needed.\nTelaprevir Development Program We are conducting three major Phase 2b clinical trials of telaprevir.\nPROVE 1 is ongoing in the United States and PROVE 2 is ongoing in European Union, both in treatment-na?ve patients.\nPROVE 3 has commenced and is being conducted with patients in North America and the European Union who did not achieve sustained viral response with previous interferon-based treatments.\nPROVE 1 and PROVE 2 are fully enrolled, and we commenced patient enrollment in PROVE 3 in January 2007.\nPROVE 1 and PROVE 2 We expect that together, the PROVE 1 and PROVE 2 clinical trials will evaluate rates of sustained viral response, or SVR, in approximately 580 treatment-na?ve patients infected with genotype 1 HCV, including patients who will receive telaprevir and patients in the control arms.\nSVR is defined as undetectable viral levels 24 weeks after all treatment has ceased.\nA description of each of the clinical trial arms for the PROVE 1 and PROVE 2 clinical trials, including the intended number of patients in each trial, is set forth in the following table:"}
{"_id": "d880b06f8", "title": "", "text": "| Year ended December 31,(in millions) 2012 2011 2010 | Ginnie Mae(b) | GSEs(c) | Other(c)(d) | Total |"}
{"_id": "d8ae985de", "title": "", "text": "MSRs Mortgage interest rates increased during the year ended December 31, 2013 and the Bancorp recognized a recovery of temporary impairment on servicing rights.\nThe Bancorp recognized temporary impairments in certain classes of the MSR portfolio during the year ended December 31, 2012 and the carrying value was adjusted to the fair value.\nMSRs do not trade in an active, open market with readily observable prices.\nWhile sales of MSRs do occur, the precise terms and conditions typically are not readily available.\nAccordingly, the Bancorp estimates the fair value of MSRs using internal discounted cash flow models with certain unobservable inputs, primarily prepayment speed assumptions, discount rates and weighted average lives, resulting in a classification within Level 3 of the valuation hierarchy.\nRefer to Note 11 for further information on the assumptions used in the valuation of the Bancorps MSRs.\nThe Secondary Marketing Department and Treasury Department are responsible for determining the valuation methodology for MSRs.\nRepresentatives from Secondary Marketing, Treasury, Accounting and Risk Management are responsible for reviewing key assumptions used in the internal discounted cash flow model.\nTwo external valuations of the MSR portfolio are obtained from third parties that use valuation models in order to assess the reasonableness of the internal discounted cash flow model.\nAdditionally, the Bancorp participates in peer surveys that provide additional confirmation of the reasonableness of key assumptions utilized in the MSR valuation process and the resulting MSR prices."}
{"_id": "d8c043a04", "title": "", "text": "| As of December 31, | 2018 | Balance Sheet Data: | Real estate, at cost | Total assets | Total debt | Total shareholders’ equity | Number of common shares outstanding |"}
{"_id": "d8882d3ae", "title": "", "text": "| Millions 2012 2011 2010 | Beginning balance | Current year accruals | Changes in estimates for prior years | Payments | Ending balance at December 31 | Current portion, ending balance atDecember 31 |"}
{"_id": "d88f70ddc", "title": "", "text": "| Year Ended December 31, 2015 | Fossil and Nuclear Plants | Net OwnedCapacity (MW) | (In thousands of MWh) | NRG Business | Gulf Coast | East | West | NRG Renew | NRG Yield(a) | Year Ended December 31, 2014 | Fossil and Nuclear Plants | Net OwnedCapacity (MW) | (In thousands of MWh) | NRG Business | Gulf Coast | East | West | NRG Renew | NRG Yield(a) |"}
{"_id": "d813cd1d0", "title": "", "text": "Marathon maintains an equity compensation program for its non-employee directors under the Plan.\nPursuant to the program, non-employee directors must defer 50% of their annual retainers in the form of common stock units.\nIn addition, the program provides each non-employee director with a matching grant of up to 1,000 shares of common stock upon his or her initial election to the board if he or she purchases an equivalent number of shares within 60 days of joining the board.\nCommon stock units are book entry units equal in value to a share of stock.\nDuring 2003, 15,799 shares of stock were issued; during 2002, 14,472 shares of stock were issued and during 2001, 12,358 shares of stock were issued.26.\nStockholder Rights Plan In 2002, the Marathon’s stockholder rights plan (the Rights Plan), was amended due to the Separation.\nIn January 2003, the expiration date of the Rights Plan was accelerated to January 31, 2003.27.\nLeases Marathon leases a wide variety of facilities and equipment under operating leases, including land and building space, office equipment, production facilities and transportation equipment.\nMost long-term leases include renewal options and, in certain leases, purchase options.\nFuture minimum commitments for capital lease obligations (including sale-leasebacks accounted for as financings) and for operating lease obligations having remaining noncancelable lease terms in excess of one year are as follows:"}
{"_id": "d86e5817c", "title": "", "text": "| Years Ended December 31, Change | (in millions) | Underwriting results: | Net premiums written | (Increase) decrease in unearned premiums | Net premiums earned | Losses and loss adjustment expenses incurred | Acquisition expenses: | Amortization of deferred policy acquisition costs | Other acquisition expenses | Total acquisition expenses | General operating expenses | Underwriting loss | Net investment income | Pre-tax operating income (loss) |"}
{"_id": "d8827af24", "title": "", "text": "| December 31, | 2016 | (in millions) | Fixed maturities: | Public, available-for-sale, at fair value | Public, held-to-maturity, at amortized cost | Private, available-for-sale, at fair value | Private, held-to-maturity, at amortized cost | Trading account assets supporting insurance liabilities, at fair value | Other trading account assets, at fair value | Equity securities, available-for-sale, at fair value | Commercial mortgage and other loans, at book value | Policy loans, at outstanding balance | Other long-term investments-1 | Short-term investments | Total Japanese general account investments |"}
{"_id": "d8d8c155e", "title": "", "text": "| (Dollars in millions) 2015 2014 | Sales and trading revenue | Fixed-income, currencies and commodities | Equities | Total sales and trading revenue | Sales and trading revenue, excluding net DVA-3 | Fixed-income, currencies and commodities | Equities | Total sales and trading revenue, excluding net DVA |"}
{"_id": "d87c0c0e8", "title": "", "text": "| Year Ended December 31, | 2004 | $ | ($ in thousands) | Expenses | Employee compensation and benefits | Depreciation and amortization | Technology and communications | Professional and consulting fees | Warrant-related expense | Marketing and advertising | Moneyline revenue share | General and administrative | Total expenses |"}
{"_id": "d8a27a662", "title": "", "text": "Long-term product offerings include active and index strategies.\nOur active strategies seek to earn attractive returns in excess of a market benchmark or performance hurdle while maintaining an appropriate risk profile.\nWe offer two types of active strategies: those that rely primarily on fundamental research and those that utilize primarily quantitative models to drive portfolio construction.\nIn contrast, index strategies seek to closely track the returns of a corresponding index, generally by investing in substantially the same underlying securities within the index or in a subset of those securities selected to approximate a similar risk and return profile of the index.\nIndex strategies include both our non-ETF index products and iShares ETFs.\nAlthough many clients use both active and index strategies, the application of these strategies may differ.\nFor example, clients may use index products to gain exposure to a market or asset class, or may use a combination of index strategies to target active returns.\nIn addition, institutional non-ETF index assignments tend to be very large (multi-billion dollars) and typically reflect low fee rates.\nThis has the potential to exaggerate the significance of net flows in institutional index products on BlackRocks revenues and earnings.\nEquity Year-end 2016 equity AUM totaled $2.657 trillion, reflecting net inflows of $51.4 billion.\nNet inflows included $74.9 billion into iShares, driven by net inflows into the Core ranges and broad developed and emerging market equities.\niShares net inflows were partially offset by active and non-ETF index net outflows of $20.2 billion and $3.3 billion, respectively.\nBlackRocks effective fee rates fluctuate due to changes in AUM mix.\nApproximately half of BlackRocks equity AUM is tied to international markets, including emerging markets, which tend to have higher fee rates than U. S.  equity strategies.\nAccordingly, fluctuations in international equity markets, which may not consistently move in tandem with U. S.  markets, have a greater impact on BlackRocks effective equity fee rates and revenues.\nFixed Income Fixed income AUM ended 2016 at $1.572 trillion, reflecting net inflows of $120.0 billion.\nIn 2016, active net inflows of $16.6 billion were diversified across fixed income offerings, and included strong inflows from insurance clients.\nFixed income iShares net inflows of $59.9 billion were led by flows into the Core ranges, emerging market, high yield and corporate bond funds.\nNon-ETF index net inflows of $43.4 billion were driven by demand for liability-driven investment solutions.\nMulti-Asset BlackRocks multi-asset team manages a variety of balanced funds and bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities, bonds, currencies and commodities, and our extensive risk management capabilities.\nInvestment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays.\nComponent changes in multi-asset AUM for 2016 are presented below"}
{"_id": "d8ad23a3c", "title": "", "text": "| Year ended December 31,(in millions) 2014 2013 2012 | Credit adjustments: | Derivatives CVA | Derivatives DVA and FVA(a) | Structured notes DVA and FVA(b) |"}
{"_id": "d8120e420", "title": "", "text": "| In millions of dollars 2009 2008 2007 % Change 2009 vs. 2008 % Change 2008 vs. 2007 | Net interest revenue | Non-interest revenue | Total revenues, net of interest expense | Total operating expenses | Provisions for credit losses and for benefits and claims | Income before taxes and noncontrolling interests | Income taxes | Income from continuing operations | Net income attributable to noncontrolling interests | Net income | Average assets(in billions of dollars) | Return on assets | Revenues by region | North America | EMEA | Latin America | Asia | Total revenues | Income from continuing operations by region | North America | EMEA | Latin America | Asia | Total net income from continuing operations | Key indicators(in billions of dollars) | Average deposits and other customer liability balances | EOP assets under custody(in trillions of dollars) |"}
{"_id": "d8a91a044", "title": "", "text": "| Property Partner Ownership Interest Economic Interest Square Feet Acquired Acquisition Price-1 | 1221 Avenue of the Americas-2 | 1515 Broadway-3 | 100 Park Avenue | 379 West Broadway | 21 West 34thStreet-4 | 800 Third Avenue-5 | 521 Fifth Avenue | One Court Square | 1604-1610 Broadway-6 | 1745 Broadway-7 | 1 and 2 Jericho Plaza | 2 Herald Square-8 | 885 Third Avenue-9 | 16 Court Street | The Meadows-10 | 388 and 390 Greenwich Street-11 | 27-29 West 34thStreet-12 | 1551-1555 Broadway-13 | 717 Fifth Avenue-14 |"}
{"_id": "d8c4c9b32", "title": "", "text": "| Year Ended December 31 | 2010 | Income before income taxes and equity in net income of unconsolidated investments: | Domestic | Foreign | Total | Current income tax expense (benefit): | Federal(a) | State | Foreign | Total | Deferred income tax expense (benefit): | Federal | State | Foreign | Total | Total income tax expense (benefit) |"}
{"_id": "d8f0a73bc", "title": "", "text": "| Shares Repurchased-1 Average Price per Share-2 Value of Shares Repurchased-2 Remaining Amount Authorized | Balance as of January 1, 2018 | Authorization of additional plan in January 2018 | Repurchase of shares of common stock | Balance as of December 31, 2018 |"}
{"_id": "d8b0de38e", "title": "", "text": "Included in deferred income taxes as of December 31, 2008 are tax benefits for U. S.  and non-U.\nS.  net operating loss carryforwards totaling $89 million (net of applicable valuation allowances of $136 million).\nCertain of the losses can be carried forward indefinitely and others can be carried forward to various dates through 2028.\nIn addition, the Company had general business and foreign tax credit carryforwards of $65 million at December 31, 2008 and also has recorded a deferred tax asset for foreign credits of $49 million related to the indirect impact of certain unrecognized tax benefits (see below).\nThe Company adopted the provisions of FASB Interpretation No.48, Accounting for Uncertainty in Income Taxes, on January 1, 2007.\nAs a result of the implementation of Interpretation No.48, the Company recognized a decrease in the liability for unrecognized tax benefits of $63 million, which was accounted for as an increase to the January 1, 2007 balance of retained earnings.\nAs of December 31, 2007, gross unrecognized tax benefits totaled $475 million ($408 million, net of offsetting indirect tax benefits and including $81 million associated with potential interest and penalties).\nAs of December 31, 2008, gross unrecognized tax benefits totaled $447 million ($426 million, net of offsetting indirect tax benefits and including $89 million associated with potential interest and penalties).\nUpon adoption of SFAS No 141R effective January 1, 2009 (see Note 19) all unrecognized tax benefits at December 31, 2008 (including accrued interest and penalties) will impact the effective rate if ultimately recognized.\nUnrecognized tax benefits and associated accrued interest and penalties are included in “Taxes, income and other” in accrued expenses as detailed in Note 7.\nThe Company recognizes potential accrued interest and penalties associated with unrecognized tax positions within its global operations in income tax expense.\nThe Company recognized approximately $19 million and $24 million in potential interest and penalties associated with uncertain tax positions during 2008 and 2007, respectively.\nTo the extent interest and penalties are not assessed with respect to uncertain tax positions, amounts accrued will be reduced and reflected as a reduction of the overall income tax provision.\nA reconciliation of the beginning and ending amount of unrecognized tax benefits, excluding amounts accrued for potential interest and penalties, is as follows ($ in thousands):"}
{"_id": "d8df3f872", "title": "", "text": "| 2011  Permitted w/o   Approval -1 2010 2009 | Company | (In millions) | Metropolitan Life Insurance Company | American Life Insurance Company -5 | MetLife Insurance Company of Connecticut | Metropolitan Property and Casualty Insurance Company | Metropolitan Tower Life Insurance Company | December 31, | 2010 | Estimated | NAIC | Rating | (In millions) | 1 | 2 | 3 | 4 | 5 | 6 | Total fixed maturity securities |"}
{"_id": "d8ea7c33e", "title": "", "text": "of accelerated depreciation tax benefits from certain regulated utility capital investments acquired after September 27, 2017, and the continuation of certain rate normalization requirements related to the flow back of excess deferred taxes.\nAmeren (parent) is subject to provisions of the TCJA that limit the deductibility of interest expense, but such limitation did not affect Ameren in 2018.\nIn accordance with GAAP, the tax effects of changes in tax laws must be recognized in the period in which the law is enacted.\nGAAP also requires deferred tax assets and liabilities to be measured at the tax rate that is expected to apply when temporary differences are realized or settled.\nThus, in December 2017, the Ameren Companies’ deferred taxes were revalued using the new tax rate.\nTo the extent deferred tax balances are included in rate base, the revaluation of deferred taxes was deferred as a regulatory asset or liability on the balance sheet and will be collected from, or refunded, to customers.\nFor deferred tax balances not included in rate base, the revaluation of deferred taxes was recorded as income tax expense.\nAs of December 31, 2017, the Ameren Companies made reasonable estimates for the measurement and accounting of certain effects of the TCJA, which have been reflected in their financial statements.\nWe recorded provisional estimates primarily related to depreciation transition rules and 2017 property, plant, and equipment, compensation, and pension-related deductions which would impact our revaluation of deferred taxes at December 31, 2017.\nThe TCJA had the following provisional effects on the Ameren Companies for the year ended December 31, 2017:"}
{"_id": "d8779f384", "title": "", "text": "| (Dollars in millions) 2007 2006 | Investment banking income | Advisory fees | Debt underwriting | Equity underwriting | Total investment banking income | Sales and trading revenue | Fixed income: | Liquid products | Credit products | Structured products | Total fixed income | Equity income | Total sales and trading revenue | Total Capital Markets and Advisory Services market-based revenue-1 |"}
{"_id": "d897e440a", "title": "", "text": "| 2011 2010 2009 2008 2007 | December 31Dollars in millions | Commercial | Commercial real estate | Equipment lease financing | Consumer (a) | Residential real estate | Total |"}
{"_id": "d8184fece", "title": "", "text": "| Copper Gold Molybdenum | North America | South America | Indonesia | Africa | 100% |"}
{"_id": "d8f444b64", "title": "", "text": "97% of its carrying value.\nThe Columbia Fund is being liquidated with distributions to us occurring and expected to be fully liquidated during calendar 2008.\nSince December 2007, we have received disbursements of approximately $20.7 million from the Columbia Fund.\nOur operating activities during the year ended March 31, 2008 used cash of $28.9 million as compared to $19.8 million during the same period in the prior year.\nOur fiscal 2008 net loss of $40.9 million was the primary cause of our cash use from operations, attributed to increased investments in our global distribution as we continue to drive initiatives to increase recovery awareness as well as our investments in research and development to broaden our circulatory care product portfolio.\nIn addition, our inventories used cash of $11.1 million during fiscal 2008, reflecting our inventory build-up to support anticipated increases in global demand for our products and our accounts receivable also increased as a result of higher sales volume resulting in a use of cash of $2.8 million in fiscal 2008.\nThese decreases in cash were partially offset by an increase in accounts payable and accrued expenses of $5.6 million, non-cash adjustments of $5.4 million related to stock-based compensation expense, $6.1 million of depreciation and amortization and $5.0 million for the change in fair value of WorldHeart note receivable and warrant.\nOur investing activities during the year ended March 31, 2008 used cash of $40.9 million as compared to cash provided by investing activities of $15.1 million during the year ended March 31, 2007.\nCash used by investment activities for fiscal 2008 consisted primarily of $49.3 million for the recharacterization of the Columbia Fund to short-term marketable securities, $17.1 million for the purchase of short-term marketable securities, $3.8 million related to expenditures for property and equipment and $5.0 million for note receivable advanced to WorldHeart.\nThese amounts were offset by $34.5 million of proceeds from short-term marketable securities.\nIn June 2008, we received 510(k) clearance of our Impella 2.5, triggering an obligation to pay $5.6 million of contingent payments in accordance with the May 2005 acquisition of Impella.\nThese contingent payments may be made, at our option, with cash, or stock or by a combination of cash or stock under circumstances described in the purchase agreement.\nIt is our intent to satisfy this contingent payment through the issuance of shares of our common stock.\nOur financing activities during the year ended March 31, 2008 provided cash of $2.1 million as compared to cash provided by financing activities of $66.6 million during the same period in the prior year.\nCash provided by financing activities for fiscal 2008 is comprised primarily of $2.8 million attributable to the exercise of stock options, $0.9 million related to the proceeds from the issuance of common stock, $0.3 million related to proceeds from the employee stock purchase plan, partially offset by $1.9 million related to the repurchase of warrants.\nThe $64.5 million decrease compared to the prior year is primarily due to $63.6 million raised from the public offering in fiscal 2007.\nWe disbursed approximately $2.2 million of cash for the warrant repurchase and settlement of certain litigation.\nCapital expenditures for fiscal 2009 are estimated to be approximately $3.0 to $6.0 million."}
{"_id": "d8b66f56e", "title": "", "text": "| Years ended December 31, Change | 2006 | Loss from continuing operations before provision for income taxes | Provision for income taxes — continuing operations | (Benefit) provision for income taxes — discontinued operations | Total provision for income taxes |"}
{"_id": "d880d3df6", "title": "", "text": "| Net sales Segment income | (Millions) | Industrial Coatings | Performance and Applied Coatings | Optical and Specialty Materials | Commodity Chemicals | Glass |"}
{"_id": "d8dcbef1c", "title": "", "text": "INCOME TAXES The Company has filed, for prior taxable years through its taxable year ended December 31, 2011, a consolidated U. S.  federal tax return, which includes all of its wholly owned domestic subsidiaries.\nFor its taxable year commencing January 1, 2012, the Company intends to file as a REIT, and its domestic TRSs intend to file as C corporations.\nThe Company also files tax returns in various states and countries.\nThe Companys state tax returns reflect different combinations of the Companys subsidiaries and are dependent on the connection each subsidiary has with a particular state.\nThe following information pertains to the Companys income taxes on a consolidated basis.\nFair value estimates consider the market in which the transactions are executed.\nThe market in which exchange-traded and over-the-counter transactions are executed is a factor in determining fair value.\nWe utilize third-party references for pricing points from NYMEX and third-party over-the-counter brokers to establish the commodity pricing and volatility curves.\nWe believe the reported transactions from these sources are the most reflective of current market prices.\nThe estimate of fair value includes an adjustment for the liquidation of the position in an orderly manner over a reasonable period of time under current market conditions.\nThe fair value estimate also considers the risk of nonperformance based on credit considerations of the counterparty.\nCredit Risk - We maintain credit policies with regard to our counterparties that we believe minimize overall credit risk.\nThese policies include an evaluation of potential counterparties financial condition (including credit ratings), collateral requirements under certain circumstances and the use of standardized agreements which allow for netting of positive and negative exposures associated with a single counterparty.\nOur counterparties consist primarily of financial institutions, major energy companies, LDCs, electric utilities and commercial and industrial end-users.\nThis concentration of counterparties may impact our overall exposure to credit risk, either positively or negatively, in that the counterparties may be similarly affected by changes in economic, regulatory or other conditions.\nBased on our policies, exposures, credit and other reserves, we do not anticipate a material adverse effect on our financial position or results of operations as a result of counterparty nonperformance."}
{"_id": "d8f2c1864", "title": "", "text": "| (In millions) December 31 UnitedStates Europe Africa OtherInt’l Total | 2007 | Proved properties | Unproved properties | Suspended exploratory wells | Total | Accumulated depreciation, depletion and amortization: | Proved properties | Unproved properties | Total | Net capitalized costs | 2006 | Proved properties | Unproved properties | Suspended exploratory wells | Total | Accumulated depreciation, depletion and amortization: | Proved properties | Unproved properties | Total | Net capitalized costs |"}
{"_id": "d89e775b0", "title": "", "text": "| Year ended December 31, | 2016 | (in millions) | Segment impacts of intercompany arrangements: | International Insurance | Retirement | Asset Management | Impact of intercompany arrangements-1 | Corporate and Other operations: | Impact of intercompany arrangements-1 | Settlement gains (losses) on forward currency contracts(2) | Net benefit (detriment) to Corporate and Other operations | Net impact on consolidated revenues and adjusted operating income |"}
{"_id": "d81a10312", "title": "", "text": "| For the Years Ended December 31, | 2010 | (In thousands) | EBITDA | Interest expense, net | Income tax (provision) benefit, net | Depreciation and amortization | Net income (loss) attributable to DISH Network |"}
{"_id": "d8a3edbd4", "title": "", "text": "| Years Ended December 31, | 2011 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d892970e2", "title": "", "text": "| December 31, (in millions) 2017 2016 | Interest rate | Credit derivatives | Foreign exchange | Equity | Commodity | Total, net of cash collateral | Liquid securities and other cash collateral held against derivative receivables(a) | Total, net of all collateral | 2017 | December 31, (in millions) | U.S. GAAP nettable derivative payables | Interest rate contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total interest rate contracts | Credit contracts: | OTC | OTC–cleared | Total credit contracts | Foreign exchange contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total foreign exchange contracts | Equity contracts: | OTC | Exchange-traded(a) | Total equity contracts | Commodity contracts: | OTC | Exchange-traded(a) | Total commodity contracts | Derivative payables with appropriate legal opinion | Derivative payables where an appropriate legal opinion has not been either sought or obtained | Total derivative payables recognized on the Consolidated balance sheets | Collateral not nettable on the Consolidated balance sheets(c)(d) | Net amounts | Year ended December 31, | Statutory U.S. federal tax rate | Increase/(decrease) in tax rate resulting from: | U.S. state and local income taxes, net of U.S. federal income tax benefit | Tax-exempt income | Non-U.S. subsidiary earnings(a) | Business tax credits | Nondeductible legal expense | Tax audit resolutions | Impact of the TCJA | Other, net | Effective tax rate |"}
{"_id": "d824b7d7e", "title": "", "text": "affiliated company.\nThe loss recorded on the sale was approximately $14 million and is recorded as a loss on sale of assets and asset impairment expenses in the accompanying consolidated statements of operations.\nIn the second quarter of 2002, the Company recorded an impairment charge of approximately $40 million, after income taxes, on an equity method investment in a telecommunications company in Latin America held by EDC.\nThe impairment charge resulted from sustained poor operating performance coupled with recent funding problems at the invested company.\nDuring 2001, the Company lost operational control of Central Electricity Supply Corporation (‘‘CESCO’’), a distribution company located in the state of Orissa, India.\nCESCO is accounted for as a cost method investment.\nIn May 2000, the Company completed the acquisition of 100% of Tractebel Power Ltd (‘‘TPL’’) for approximately $67 million and assumed liabilities of approximately $200 million.\nTPL owned 46% of Nigen.\nThe Company also acquired an additional 6% interest in Nigen from minority stockholders during the year ended December 31, 2000 through the issuance of approximately 99,000 common shares of AES stock valued at approximately $4.9 million.\nWith the completion of these transactions, the Company owns approximately 98% of Nigen’s common stock and began consolidating its financial results beginning May 12, 2000.\nApproximately $100 million of the purchase price was allocated to excess of costs over net assets acquired and was amortized through January 1, 2002 at which time the Company adopted SFAS No.142 and ceased amortization of goodwill.\nIn August 2000, a subsidiary of the Company acquired a 49% interest in Songas Limited (‘‘Songas’’) for approximately $40 million.\nThe Company acquired an additional 16.79% of Songas for approximately $12.5 million, and the Company began consolidating this entity in 2002.\nSongas owns the Songo Songo Gas-to-Electricity Project in Tanzania.\nIn December 2002, the Company signed a Sales Purchase Agreement to sell Songas.\nThe sale is expected to close in early 2003.\nSee Note 4 for further discussion of the transaction."}
{"_id": "d8a312714", "title": "", "text": "| Year ended December 31 | External Sales | 2009 | Residential Furnishings | Commercial Fixturing & Components | Industrial Materials | Specialized Products | Write-down of aluminum divestiture note | Intersegment eliminations | Adjustment to LIFO method | $3,055.1 | 2008 | Residential Furnishings | Commercial Fixturing & Components | Industrial Materials | Specialized Products | Intersegment eliminations | Adjustment to LIFO method | $4,076.1 | 2007 | Residential Furnishings | Commercial Fixturing & Components | Industrial Materials | Specialized Products | Intersegment eliminations | Adjustment to LIFO method | $4,250.0 |"}
{"_id": "d890382f6", "title": "", "text": "| In millions 2018 2017 2016 | Smurfit-Kappa acquisition proposal costs | Environmental remediation reserve adjustment | Legal settlement | Write-off of certain regulatory pre-engineering costs | Total |"}
{"_id": "d813cd3f6", "title": "", "text": "Provision for income taxes increased $1,791 million in 2012 from 2011 primarily due to the increase in pretax income from continuing operations, including the impact of the resumption of sales in Libya in the first quarter of 2012.\nThe following is an analysis of the effective income tax rates for 2012 and 2011:\nThe effective income tax rate is influenced by a variety of factors including the geographic sources of income and the relative magnitude of these sources of income.\nThe provision for income taxes is allocated on a discrete, stand-alone basis to pretax segment income and to individual items not allocated to segments.\nThe difference between the total provision and the sum of the amounts allocated to segments appears in the Corporate and other unallocated items shown in the reconciliation of segment income to net income below.\nEffects of foreign operations – The effects of foreign operations on our effective tax rate increased in 2012 as compared to 2011, primarily due to the resumption of sales in Libya in the first quarter of 2012, where the statutory rate is in excess of 90 percent.\nChange in permanent reinvestment assertion – In the second quarter of 2011, we recorded $716 million of deferred U. S.  tax on undistributed earnings of $2,046 million that we previously intended to permanently reinvest in foreign operations.\nOffsetting this tax expense were associated foreign tax credits of $488 million.\nIn addition, we reduced our valuation allowance related to foreign tax credits by $228 million due to recognizing deferred U. S.  tax on previously undistributed earnings.\nAdjustments to valuation allowances – In 2012 and 2011, we increased the valuation allowance against foreign tax credits because it is more likely than not that we will be unable to realize all U. S.  benefits on foreign taxes accrued in those years.\nSee Item 8.\nFinancial Statements and Supplementary Data - Note 10 to the consolidated financial statements for further information about income taxes.\nDiscontinued operations is presented net of tax, and reflects our downstream business that was spun off June 30, 2011 and our Angola business which we agreed to sell in 2013.\nSee Item 8.\nFinancial Statements and Supplementary Data – Notes 3 and 6 to the consolidated financial statements for additional information."}
{"_id": "d8cd2165e", "title": "", "text": "Note 20.  Business Segments The Companys reportable segments are primarily based on its individual operating subsidiaries.\nEach of the principal operating subsidiaries are headed by a chief executive officer who is responsible for the operation of its business and has the duties and authority commensurate with that position.\nInvestment gains (losses) and the related income taxes, excluding those of CNA, are included in the Corporate and other segment.\nCNAs results are reported in four business segments: Specialty, Commercial, International and Other Non-Core.\nSpecialty provides a broad array of professional, financial and specialty property and casualty products and services, through a network of independent agents, brokers and managing general underwriters.\nCommercial includes property and casualty coverages sold to small businesses and middle market entities and organizations primarily through an independent agency distribution system.\nCommercial also includes commercial insurance and risk management products sold to large corporations primarily through insurance brokers.\nInternational provides management and professional liability coverages as well as a broad range of other property and casualty insurance"}
{"_id": "d88dacb22", "title": "", "text": "The total amount of unrecognized tax benefits, if recognized would have affected the effective tax rate by $57.5 million as of December 31, 2016, $59.2 million as of December 31, 2015 and $64.0 million as of December 31, 2014.\nThe Company recognizes interest and penalties related to unrecognized tax benefits in its provision for income taxes.\nDuring 2016 and 2015 the Company released $2.9 million and $1.4 million related to interest and penalties, respectively and during 2014 it accrued $6.6 million related to interest and penalties.\nThe Company had $10.2 million and $13.1 million of accrued interest, including minor amounts for penalties, at December 31, 2016 and 2015, respectively.13."}
{"_id": "d86481a0e", "title": "", "text": "| Equity Price Exposure to Pretax Income | Equity Price Decline 10% | (in millions) | Asset-based management and distribution fees-1 | DAC and DSIC amortization-2(3) | Variable annuity riders: | GMDB and GMIB-3 | GMWB | GMAB | DAC and DSIC amortization-4 | Total variable annuity riders | Equity indexed annuities | Stock market certificates | Total |"}
{"_id": "d85eaad88", "title": "", "text": "Net interest income at RJ Bank increased $106.8 million, or 50%, representing more than all of the $55 million increase in our total net interest earnings.\nThis increase in net interest income at RJ Bank resulted from the significant decline in market rates that occurred early in the fiscal year, leading to lower interest rates being paid on RJ Banks retail deposit accounts throughout the year.\nRJ Bank benefited as the rates on interest earning assets declined at a much slower pace than rates paid on deposits.\nThe decline in interest rates had a dramatic impact on net interest in the Private Client Group (PCG) segment, which declined $42 million, or 45%.\nInterest earned on assets segregated declined $112 million, or 88%, as rates dropped as low as 0.20% for a portion of the year.\nAverage customer margin balances declined $374 million, or 24%, during 2009, contributing to the decline in interest revenue in the PCG segment.\nNet interest earnings in the PCG segment will be negatively affected by our recently introduced multi-bank sweep program.\nBegun in mid-September 2009, this program spreads clients cash deposits incrementally across a network of unaffiliated banks in amounts less than the single-bank FDIC insurance limits, thereby extending full insurance coverage on client balances of up to $2.5 million, or $5 million if jointly held.\nWhile the program continues to generate competitive interest earnings for clients, it generates fee income for the PCG segment instead of interest earnings."}
{"_id": "d8834ee14", "title": "", "text": "| For the Year Ended December 31, | 2015 | (In millions) | Depreciation, depletion and amortization: | Oil and gas property and equipment | Recurring | Additional | Other assets | Asset retirement obligation accretion | Lease operating costs | Gathering and transportation costs | Taxes other than income | Impairments | General and administrative expense | Transaction, reorganization, and separation costs | Financing costs, net | Total |"}
{"_id": "d892da716", "title": "", "text": "| Customer-related intangible assets $143,400 | Liabilities | Total identifiable net assets | Goodwill | Total purchase consideration |"}
{"_id": "d8c07e172", "title": "", "text": "available for issuance, subject to adjustment upon a merger, reorganization, stock split or other similar corporate change.\nThe Company filed a registration statement on Form?S-8 with the SEC with respect to the ESPP.\nThe common stock is offered for purchase through a series of successive offering periods.\nEach offering period will be three months in duration and will begin on the first day of each calendar quarter, with the first?offering period having commenced on January?1, 2008.\nThe ESPP provides for eligible employees to purchase the common stock at a purchase price equal to 85% of the lesser of (1)?the market value of the common stock on the first day of the offering period or (2)?the market value of the common stock on the last day of the offering period.\nThe ESPP was approved by our stockholders at our 2008 annual meeting of stockholders.\nAs of December?31, 2017, 104,597?shares of our common stock had been issued under the ESPP.15."}
{"_id": "d873214a6", "title": "", "text": "| SPP Total Portfolio-1 | 2018 | Real estate revenues-2 | Operating expenses | NOI | Adjustments to NOI | Adjusted NOI | Non-SPP adjusted NOI | SPP adjusted NOI | SPP Adjusted NOI % change | Property count-3 | Average capacity (units)(4) | Average annual rent per unit |"}
{"_id": "d8dc3a0be", "title": "", "text": "Discount Rates  For the domestic pension and postretirement benefit plans, we determine our discount rate based on the estimated rate at which annuity contracts could be purchased to effectively settle the respective benefit obligations.\nTo assist in this we utilize a yield curve based on Aa-rated corporate non-callable bonds.\nEach plans projected cash flow is matched to this yield curve and a present value is developed, which is then used to develop a single equivalent discount rate.\nThe average duration of our domestic pension obligations was 10 years as of December 31, 2009.\nThe average duration of our postretirement healthcare obligation was 8 years as of December 31, 2009.\nFor the foreign pension plans, we either determine our discount rate using the same methodology as described for our domestic pension plan or we determine a discount rate by referencing market yields on high quality corporate bonds in the local markets with the appropriate term as of December 31, 2009.\nExpected Return on Assets  For the domestic pension plans, our expected rate of return considers the historical trends of asset class index returns over various market cycles and economic conditions, current market conditions, risk premiums associated with asset classes and long-term inflation rates.\nWe determine both a short-term and long-term view and then attempt to select a long-term rate of return assumption that matches the duration of our liabilities.\nFor the foreign pension plans, primarily the U. K.  Pension Plan, we determine the expected rate of return by utilizing a weighted average approach based on the current long-term expected rates of return for each asset category.\nThe long-term expected rate of return for the equity category is based on the current long-term rates of return available on government bonds and applying suitable risk premiums that consider historical market returns and current market expectations.\nFair Value of Pension Plan Assets The following table presents the fair value of our domestic and foreign pension plan assets as of December 31, 2009 and indicates the fair value hierarchy of the valuation techniques utilized to determine such fair value.\nSee Note 12 for a description of the fair value hierarch"}
{"_id": "d8b1ac91e", "title": "", "text": "| Year Ended December 31, | 2016 | Balance as of January 1 | Current year increases | Write-offs, recoveries and other -1 | Balance as of December 31, |"}
{"_id": "d8ab1a0c4", "title": "", "text": "| (in millions) Dec. 31,  2004 Dec. 31, 2003 (a) Goodwill resulting from the Merger, July 1, 2004 | Investment Bank | Retail Financial Services | Card Services | Commercial Banking | Treasury & Securities Services | Asset & Wealth Management | Corporate (Private Equity) | Total goodwill |"}
{"_id": "d86edfdca", "title": "", "text": "| 2013 2012 Better (Worse) | On-time performance (a) | Completion factor (b) | Mishandled baggage (c) | Customer complaints (d) |"}
{"_id": "d8c8130e0", "title": "", "text": "| $ in millions 2011 2010 | Accruals and other liabilities | Compensation and benefits | Accrued bonus and deferred compensation | Accounts payable | Other current liabilities |"}
{"_id": "d897d0874", "title": "", "text": "| Intangible assets $220 | Goodwill | Net liabilities | Total net assets acquired |"}
{"_id": "d881b3456", "title": "", "text": "| December 31, 2016 | AmortizedCost | (in millions) | Fixed maturities, available-for-sale | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds | U.S. corporate public securities | U.S. corporate private securities-1 | Foreign corporate public securities | Foreign corporate private securities | Asset-backed securities-2 | Commercial mortgage-backed securities | Residential mortgage-backed securities-3 | Total fixed maturities, available-for-sale-1 | Equity securities, available-for-sale | December 31, 2016 | AmortizedCost | (in millions) | Fixed maturities, held-to-maturity | Foreign government bonds | Foreign corporate public securities | Foreign corporate private securities-5 | Commercial mortgage-backed securities | Residential mortgage-backed securities-3 | Total fixed maturities, held-to-maturity-5 |"}
{"_id": "d87d4183c", "title": "", "text": "Each segregated account is permitted to assume net risk exposures equal to its amount of preferred shares and posted collateral, which in the aggregate was $932,243 thousand and $798,548 thousand at December 31, 2016 and 2015, respectively.\nOf this amount, Group had invested $55,536 thousand and $50,000 thousand at December 31, 2016 and 2015, respectively, in the preferred shares.\nOn April 24, 2014, the Company entered into two collateralized reinsurance agreements with Kilimanjaro Re Limited (“Kilimanjaro”), a Bermuda based special purpose reinsurer, to provide the Company with catastrophe reinsurance coverage.\nThese agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events.\nThe first agreement provides up to $250,000 thousand of reinsurance coverage from named storms in specified states of the Southeastern United States.\nThe second agreement provides up to $200,000 thousand of reinsurance coverage from named storms in specified states of the Southeast, Mid-Atlantic and Northeast regions of the United States and Puerto Rico as well as reinsurance coverage from earthquakes in specified states of the Southeast, Mid-Atlantic, Northeast and West regions of the United States, Puerto Rico and British Columbia.\nOn November 18, 2014, the Company entered into a collateralized reinsurance agreement with Kilimanjaro Re to provide the Company with catastrophe reinsurance coverage.\nThis agreement is a multi-year reinsurance contract which covers specified earthquake events.\nThe agreement provides up to $500,000 thousand of reinsurance coverage from earthquakes in the United States, Puerto Rico and Canada.\nOn December 1, 2015 the Company entered into two collateralized reinsurance agreements with Kilimanjaro Re to provide the Company with catastrophe reinsurance coverage.\nThese agreements are multi-year reinsurance contracts which cover named storm and earthquake events.\nThe first agreement provides up to $300,000 thousand of reinsurance coverage from named storms and earthquakes in the United States, Puerto Rico and Canada.\nThe second agreement provides up to $325,000 thousand of reinsurance coverage from named storms and earthquakes in the United States, Puerto Rico and Canada.\nKilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated, external investors.\nOn April 24, 2014, Kilimanjaro issued $450,000 thousand of notes (“Series 2014-1 Notes”).\nOn November 18, 2014, Kilimanjaro issued $500,000 thousand of notes (“Series 2014-2 Notes”).\nOn December 1, 2015, Kilimanjaro issued $625,000 thousand of notes (“Series 2015-1 Notes).\nThe proceeds from the issuance of the Series 2014-1 Notes, the Series 2014-2 Notes and the Series 2015-1 Notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in US government money market funds with a rating of at least “AAAm” by Standard & Poor’s.\nRISKS RELATING TO OUR BUSINESS Fluctuations in the financial markets could result in investment losses.\nProlonged and severe disruptions in the overall public debt and equity markets, such as occurred during 2008, could result in significant realized and unrealized losses in our investment portfolio.\nAlthough financial markets have significantly improved since 2008, they could deteriorate in the future.\nThere could also be disruption in individual market sectors, such as occurred in the energy sector in recent years.\nSuch declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations, equity, business and insurer financial strength and debt ratings.\nOur results could be adversely affected by catastrophic events.\nWe are exposed to unpredictable catastrophic events, including weather-related and other natural catastrophes, as well as acts of terrorism.\nAny material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations.\nBy way of illustration, during the past five calendar years, pre-tax catastrophe losses, net of contract specific reinsurance but before cessions under corporate reinsurance programs, were as follows:"}
{"_id": "d8e4da872", "title": "", "text": "Notes to Consolidated Financial Statements (continued) Management performs detailed reviews of its receivables on a monthly and/or quarterly basis to assess the adequacy of the allowances based on historical and current trends and other factors affecting credit losses and to determine if any impairment has occurred.\nA receivable is impaired when it is probable that all amounts related to the receivable will not be collected according to the contractual terms of the agreement.\nIn circumstances where the company is aware of a specific customers inability to meet its financial obligations, a specific reserve is recorded against amounts due to reduce the net recognized receivable to the amount reasonably expected to be collected.\nAdditions to the allowances for doubtful accounts are maintained through adjustments to the provision for credit losses, which are charged to current period earnings; amounts determined to be uncollectable are charged directly against the allowances, while amounts recovered on previously charged-off accounts increase the allowances.\nNet charge-offs include the principal amount of losses charged off as well as charged-off interest and fees.\nRecovered interest and fees previously charged-off are recorded through the allowances for doubtful accounts and increase the allowances.\nFinance receivables are assessed for chargeoff when an account becomes 120 days past due and are charged-off typically within 60 days of asset repossession.\nContract receivables related to equipment leases are generally charged-off when an account becomes 150 days past due, while contract receivables related to franchise finance and van leases are generally charged off up to 180 days past the asset return.\nFor finance and contract receivables, customer bankruptcies are generally charged-off upon notification that the associated debt is not being reaffirmed or, in any event, no later than 180 days past due.\nSnap-on does not believe that its trade accounts, finance or contract receivables represent significant concentrations of credit risk because of the diversified portfolio of individual customers and geographical areas.\nSee Note 3 for further information on receivables and allowances for doubtful accounts.\nOther accrued liabilities: Supplemental balance sheet information for Other accrued liabilities as of 2012 and 2011 year end is as follows:"}
{"_id": "d87b64398", "title": "", "text": "exchanged installment notes totaling approximately $4.8 billion and approximately $400 million of International Paper promissory notes for interests in entities formed to monetize the notes.\nInternational Paper determined that it was not the primary beneficiary of these entities, and therefore should not consolidate its investments in these entities.\nDuring 2006, these entities acquired an additional $4.8 billion of International Paper debt securities for cash, resulting in a total of approximately $5.2 billion of International Paper debt obligations held by these entities at December 31, 2006.\nSince International Paper has, and intends to affect, a legal right to offset its obligations under these debt instruments with its investments in the entities, International Paper has offset $5.0 billion of interest in the entities against $5.0 billion of International Paper debt obligations held by the entities as of December 31, 2007.  International Paper also holds variable interests in two financing entities that were used to monetize long-term notes received from sales of forestlands in 2002 and 2001.\nSee Note 8 of the Notes to Consolidated Financial Statements in Item 8.\nFinancial Statements and Supplementary Data for a further discussion of these transactions.\nCapital Resources Outlook for 2008 International Paper expects to be able to meet projected capital expenditures, service existing debt and meet working capital and dividend requirements during 2008 through current cash balances and cash from operations, supplemented as required by its various existing credit facilities.\nInternational Paper has approximately $2.5 billion of committed bank credit agreements, which management believes is adequate to cover expected operating cash flow variability during our industrys economic cycles.\nThe agreements generally provide for interest rates at a floating rate index plus a pre-determined margin dependent upon International Papers credit rating.\nThe agreements include a $1.5 billion fully committed revolving bank credit agreement that expires in March 2011 and has a facility fee of 0.10% payable quarterly.\nThese agreements also include up to $1.0 billion of available commercial paper-based financings under a receivables securitization program that expires in October 2009 with a facility fee of 0.10%.\nAt December 31, 2007, there were no borrowings under either the bank credit agreements or receivables securitization program.\nThe Company will continue to rely upon debt and capital markets for the majority of any necessary long-term funding not provided by operating cash flows.\nFunding decisions will be guided by our capital structure planning objectives.\nThe primary goals of the Companys capital structure planning are to maximize financial flexibility and preserve liquidity while reducing interest expense.\nThe majority of International Papers debt is accessed through global public capital markets where we have a wide base of investors.\nThe Company was in compliance with all its debt covenants at December 31, 2007.\nPrincipal financial covenants include maintenance of a minimum net worth, defined as the sum of common stock, paid-in capital and retained earnings, less treasury stock, plus any goodwill impairment charges, of $9 billion; and a maximum total debt to capital ratio, defined as total debt divided by total debt plus net worth, of 60%.\nMaintaining an investment grade credit rating is an important element of International Papers financing strategy.\nAt December 31, 2007, the Company held long-term credit ratings of BBB (stable outlook) and Baa3 (stable outlook) by Standard & Poors (S&P) and Moodys Investor Services (Moodys), respectively.\nThe Company currently has short-term credit ratings by S&P and Moodys of A-2 and P-3, respectively.\nContractual obligations for future payments under existing debt and lease commitments and purchase obligations at December 31, 2007, were as follows:"}
{"_id": "d8d34d924", "title": "", "text": "| Real Estate | Commercial, Financial, Leasing, etc. | (In thousands) | December 31, 2015 | Pass | Criticized accrual | Criticized nonaccrual | Total | December 31, 2014 | Pass | Criticized accrual | Criticized nonaccrual | Total |"}
{"_id": "d88dac9a6", "title": "", "text": "Financing activities for 2014 also included an acquisition-related contingent consideration payment of $86 million made to Champion’s former shareholders.\nLiquidity and Capital Resources We currently expect to fund all of our cash requirements which are reasonably foreseeable for 2017, including scheduled debt repayments, new investments in the business, share repurchases, dividend payments, possible business acquisitions and pension contributions, with cash from operating activities, and as needed, additional short-term and/or long-term borrowings.\nWe continue to expect our operating cash flow to remain strong.\nAs of December 31, 2016, we had $327 million of cash and cash equivalents on hand, of which $184 million was held outside of the U. S.  As of December 31, 2015, we had $26 million of deferred tax liabilities for pre-acquisition foreign earnings associated with the legacy Nalco entities and legacy Champion entities that we intended to repatriate.\nThese liabilities were recorded as part of the respective purchase price accounting of each transaction.\nThe remaining foreign earnings were repatriated in 2016, reducing the deferred tax liabilities to zero at December 31, 2016.\nWe consider the remaining portion of our foreign earnings to be indefinitely reinvested in foreign jurisdictions and we have no intention to repatriate such funds.\nWe continue to be focused on building our global business and these funds are available for use by our international operations.\nTo the extent the remaining portion of the foreign earnings would be repatriated, such amounts would be subject to income tax or foreign withholding tax liabilities that may be fully or partially offset by foreign tax credits, both in the U. S.  and in various applicable foreign jurisdictions.\nAs of December 31, 2016 we had a $2.0 billion multi-year credit facility, which expires in December 2019.\nThe credit facility has been established with a diverse syndicate of banks.\nThere were no borrowings under our credit facility as of December 31, 2016 or 2015.\nThe credit facility supports our $2.0 billion U. S.  commercial paper program and $2.0 billion European commercial paper program.\nWe increased the European commercial paper program from $200 million during the third quarter of 2016.\nCombined borrowing under these two commercial paper programs may not exceed $2.0 billion.\nAs of December 31, 2016, we had no amount outstanding under either our U. S.  or European commercial paper programs.\nAdditionally, we have other committed and uncommitted credit lines of $746 million with major international banks and financial institutions to support our general global funding needs, including with respect to bank supported letters of credit, performance bonds and guarantees.\nApproximately $554 million of these credit lines were available for use as of year-end 2016.\nAs of December 31, 2016, our short-term borrowing program was rated A-2 by Standard & Poor’s and P-2 by Moody’s.\nAs of December 31, 2016, Standard & Poor’s and Moody’s rated our long-term credit at A- (stable outlook) and Baa1 (stable outlook), respectively.\nA reduction in our credit ratings could limit or preclude our ability to issue commercial paper under our current programs, or could also adversely affect our ability to renew existing, or negotiate new, credit facilities in the future and could increase the cost of these facilities.\nShould this occur, we could seek additional sources of funding, including issuing additional term notes or bonds.\nIn addition, we have the ability, at our option, to draw upon our $2.0 billion of committed credit facility prior to termination.\nWe are in compliance with our debt covenants and other requirements of our credit agreements and indentures."}
{"_id": "d8e075dea", "title": "", "text": "CORPORATE AND SHAREHOLDER INFORMATION Home Office CarMax, Inc.  12800 Tuckahoe Creek Parkway Richmond, Virginia 23238 Telephone: (804) 747-0422 Website www.\ncarmax.\ncom Annual Shareholders Meeting Tuesday, June 24, 2008, at 8:30 a. m.  EDT The Richmond Marriott West Hotel 4240 Dominion Boulevard Glen Allen, Virginia 23060 Stock Information CarMax, Inc.  common stock is traded on the New York Stock Exchange under the ticker symbol KMX.\nAt February 29, 2008, there were approximately 7,000 CarMax shareholders of record.\nQuarterly Stock Price Range The following table sets forth by fiscal quarter the high and low reported prices of our common stock for the last two fiscal years, adjusted for the March 2007 2-for-1 stock split."}
{"_id": "d8d8f5e1c", "title": "", "text": "| December 31, | (In thousands) | Net unfunded commitments to extend credit1 | Standby letters of credit: | Financial | Performance | Commercial letters of credit | Total unfunded lending commitments |"}
{"_id": "d81114614", "title": "", "text": "Volume includes cans and packs sold, as well as promotional units, but excludes international volume, which is not material to the smokeless products segment.\nOther includes certain USSTC and PM USA smokeless products.\nNew types of smokeless products, as well as new packaging configurations"}
{"_id": "d8f63aaae", "title": "", "text": "| (In millions) 2007 2006 2005 | Included in Operating profit | Equity in net earnings (losses) of equity investees | Gain on sale of Comsat International | Gain on sales of land | Earnings from reversal of legal reserves due to settlement | Gains on sales of various investment interests | Earnings from expiration of AES transaction indemnification | Gain on sale of Space Imaging’s assets | Other activities, net | $293 | Included in Non-operating income (expense), net | Interest income | Debt-related expenses and charges | $193 |"}
{"_id": "d8b8f3678", "title": "", "text": "Revenues for the Marine Systems group were 20 percent of our consolidated revenues in 2009, 19 percent in 2008 and 18 percent in 2007.\nRevenues by major products and services were as follows:"}
{"_id": "d865bf06a", "title": "", "text": "| December 31, | 2009 | Senior secured debt financing facility: | Term loans payable | Revolving credit facility | Notes payable to individuals through August 2019, interest at 2.0% to 10.0% | 603,045 | Less current maturities | $592,982 |"}
{"_id": "d874fa07a", "title": "", "text": "| Years ended June 30 | 2008 | Stock Options: | Weighted average grant date fair value | Weighted average risk-free interest rate | Dividend yield | Expected option life in years | Volatility | ESPP Purchase rights: | Weighted average risk-free interest rate | Dividend yield | Expected option life | Volatility |"}
{"_id": "d87264a04", "title": "", "text": "Pursuant to the terms of certain share-based compensation plans, employees may remit shares to the firm or the firm may cancel RSUs or stock options to satisfy minimum statutory employee tax withholding requirements and the exercise price of stock options.\nUnder these plans, during 2017, 2016 and 2015, 12,165 shares, 49,374 shares and 35,217 shares were remitted with a total value of $3 million, $7 million and $6 million, and the firm cancelled 8.1 million, 6.1 million and 5.7 million of RSUs with a total value of $1.94 billion, $921 million and $1.03 billion, respectively.\nUnder these plans, the firm also cancelled 4.6 million, 5.5 million and 2.0 million of stock options with a total value of $1.09 billion, $1.11 billion and $406 million during 2017, 2016 and 2015, respectively."}
{"_id": "d812ed6a2", "title": "", "text": "The company did not purchase shares in the open market during the twelve months ended December 31, 2017 (year ended December 31, 2016: 18.1 million shares at a cost of $535.0 million).\nSeparately, an aggregate of 1.9 million shares were withheld on vesting events during the year ended December 31, 2017 to meet employees' withholding tax obligations (December 31, 2016: 1.5 million).\nThe fair value of these shares withheld at the respective withholding dates was $63.8 million (December 31, 2016: $42.0 million).\nAt December 31, 2017, approximately $1,643.0 million remained authorized under the company's share repurchase authorizations approved by the Board on October 11, 2013 and July 22, 2016 (December 31, 2016: $1,643.0 million).\nTotal treasury shares at December 31, 2017 were 92.4 million (December 31, 2016: 95.9 million), including 9.1 million unvested restricted stock awards (December 31, 2016: 9.3 million) for which dividend and voting rights apply.\nThe market price of common shares at the end of 2017 was $36.54.\nThe total market value of the company's 92.4 million treasury shares was $3.4 billion at December 31, 2017.\nMovements in Treasury Shares comprise:"}
{"_id": "d8ee84030", "title": "", "text": "Risk Management and Financial Instruments American’s economic prospects are heavily dependent upon two variables it cannot control: the health of the economy and the price of fuel.\nDue to the discretionary nature of business and leisure travel spending, airline industry revenues are heavily influenced by the condition of the U. S.  economy and economies in other regions of the world.\nUnfavorable conditions in these broader economies have resulted, and may result in the future, in decreased passenger demand for air travel and changes in booking practices, both of which in turn have had, and may have in the future, a strong negative effect on American’s revenues.\nIn addition, during challenging economic times, actions by our competitors to increase their revenues can have an adverse impact on American’s revenues.\nAmerican’s operating results are materially impacted by changes in the availability, price volatility and cost of aircraft fuel, which represents one of the largest single cost items in American’s business.\nBecause of the amount of fuel needed to operate American’s business, even a relatively small increase in the price of fuel can have a material adverse aggregate effect on American’s operating results and liquidity.\nJet fuel market prices have fluctuated substantially over the past several years and prices continued to be volatile in 2014.\nThese factors could impact American’s results of operations, financial performance and liquidity.\n(a) Fuel Price Risk Management During the second quarter of 2014, American sold its portfolio of fuel hedging contracts that were scheduled to settle on or after June 30, 2014.\nAmerican has not entered into any transactions to hedge its fuel consumption since December 9, 2013 and, accordingly, as of December 31, 2014, American did not have any fuel hedging contracts outstanding.\nAs such, and assuming American does not enter into any future transactions to hedge its fuel consumption, American will continue to be fully exposed to fluctuations in fuel prices.\nAmerican’s current policy is not to enter into transactions to hedge its fuel consumption, although American reviews that policy from time to time based on market conditions and other factors."}
{"_id": "d88c6ede6", "title": "", "text": "| (in 000s, except per share amounts) | April 30, | Revenues | Net income from continuing operations | Net income (loss) | Basic earnings (loss) per share: | Net income from continuing operations | Net income (loss) | Diluted earnings (loss) per share: | Net income from continuing operations | Net income (loss) | Total assets | Long-term debt-1 | Stockholders’ equity | Shares outstanding | Dividends per share-2 |"}
{"_id": "d8967838c", "title": "", "text": "(o) Stock-Based Compensation The Company recognizes compensation expense for all share-based payments granted based on the grant-date fair value estimated in accordance with ASC 718-10, Stock Compensation.\nCompensation expense is generally recognized on a straight-line basis over the awards estimated lives for fixed awards with ratable vesting provisions."}
{"_id": "d8dd8d646", "title": "", "text": "| Millions OperatingLeases CapitalLeases | 2013 | 2014 | 2015 | 2016 | 2017 | Later years | Total minimum leasepayments | Amount representing interest | Present value of minimum leasepayments |"}
{"_id": "d8616f622", "title": "", "text": "| 2011 2010 2009 | CommonSharesIssued | Beginning Balance, January 1 | Equity Unit Transaction | Repurchases | Issuances: | Employee Stock-BasedCompensation Plans | Directors’ Plan | Ending Balance, December 31 |"}
{"_id": "d86b5f1b4", "title": "", "text": "| 2006 2005 | (in millions) | Available-for-sale investments | Amortized cost | Gross unrealized gains | Gross unrealized losses | Fair value | Equity method investments | Cost | Equity in losses | Carrying value | Cost method investments | Carrying value | $596 |"}
{"_id": "d8bcb8470", "title": "", "text": "| $ in millions Amortized Cost Fair Value Weighted Average Yield | As of December 2018 | Less than 5 years | Greater than 5 years | Total U.S. government obligations | Totalavailable-for-salesecurities | As of December 2017 | Less than 5 years | Greater than 5 years | Total U.S. government obligations | Less than 5 years | Greater than 5 years | Total otheravailable-for-salesecurities | Totalavailable-for-salesecurities |"}
{"_id": "d8a1209b0", "title": "", "text": "Entergy Corporation and Subsidiaries Notes to Financial Statements 68 Nuclear Refueling Outage Costs Nuclear refueling outage costs are deferred during the outage and amortized over the estimated period to the next outage because these refueling outage expenses are incurred to prepare the units to operate for the next operating cycle without having to be taken off line.\nAllowance for Funds Used During Construction (AFUDC) AFUDC represents the approximate net composite interest cost of borrowed funds and a reasonable return on the equity funds used for construction by the Registrant Subsidiaries.\nAFUDC increases both the plant balance and earnings and is realized in cash through depreciation provisions included in rates.\nIncome Taxes Entergy Corporation and the majority of its subsidiaries file a United States consolidated federal income tax return.\nEach tax paying entity records income taxes as if it were a separate taxpayer and consolidating adjustments are allocated to the tax filing entities in accordance with Entergy's intercompany income tax allocation agreement.\nDeferred income taxes are recorded for all temporary differences between the book and tax basis of assets and liabilities, and for certain credits available for carryforward.\nEntergy Louisiana, formed December 31, 2005, was not a member of the consolidated group in 2006 and 2007 and filed a separate federal income tax return.\nBeginning January 1, 2008, Entergy Louisiana joined the Entergy consolidated federal income tax return.\nDeferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of the deferred tax assets will not be realized.\nDeferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates in the period in which the tax or rate was enacted.\nInvestment tax credits are deferred and amortized based upon the average useful life of the related property, in accordance with ratemaking treatment."}
{"_id": "d8ad8a444", "title": "", "text": "(1) Effective January 1, 2008, upon adoption of SFAS 157, the valuation of the Companys guaranteed minimum benefit riders includes an adjustment for the Companys own credit.\nIncluded in net investment gains (losses) for the year ended December 31, 2008 are gains of $2,994 million in connection with this adjustment.\nCredit Risk The Company may be exposed to credit-related losses in the event of nonperformance by counterparties to derivative financial instruments.\nGenerally, the current credit exposure of the Companys derivative contracts is limited to the net positive estimated fair value of derivative contracts at the reporting date after taking into consideration the existence of netting agreements and any collateral received pursuant to credit support annexes.\nThe Company manages its credit risk related to over-the-counter derivatives by entering into transactions with creditworthy counterparties, maintaining collateral arrangements and through the use of master agreements that provide for a single net payment to be made by one counterparty to another at each due date and upon termination.\nBecause exchange traded futures are effected through regulated exchanges, and positions are marked to market on a daily basis, the Company has minimal exposure to credit-related losses in the event of nonperformance by counterparties to such derivative instruments.\nSee Note 24 for a description of the impact of credit risk on the valuation of derivative instruments.\nThe Company enters into various collateral arrangements, which require both the pledging and accepting of collateral in connection with its derivative instruments.\nAt December 31, 2008 and 2007, the Company was obligated to return cash collateral under its control of $7,758 million and $833 million, respectively.\nThis unrestricted cash collateral is included in cash and cash equivalents or in short-term investments and the obligation to return it is included in payables for collateral under securities loaned and other transactions in the consolidated balance sheets.\nAt December 31, 2008 and 2007, the Company had also accepted collateral consisting of various securities with a fair market value of $1,249 million and $678 million, respectively, which are held in separate custodial accounts.\nThe Company is permitted by contract to sell or repledge this collateral, but at December 31, 2008, none of the collateral had been sold or repledged.\nAt December 31, 2008 and 2007, the Company provided securities collateral for various arrangements in connection with derivative instruments of $776 million and $162 million, respectively, which is included in fixed maturity securities.\nThe counterparties are permitted by contract to sell or repledge this collateral.\nIn addition, the Company has exchange-traded futures, which require the pledging of collateral.\nAt December 31, 2008 and 2007, the Company pledged securities collateral for exchange-traded futures of $282 million and $167 million, respectively, which is included in fixed maturity securities.\nThe counterparties are permitted by contract to sell or repledge this collateral.\nAt December 31, 2008 and 2007, the Company provided cash collateral for exchange-traded futures of $686 million and $102 million, respectively, which is included in premiums and other receivables.\nIn connection with synthetically created investment transactions and credit default swaps held in relation to the trading portfolio, the Company writes credit default swaps for which it receives a premium to insure credit risk.\nIf a credit event, as defined by the contract, occurs generally the contract will require the Company to pay the counterparty the specified swap notional amount in exchange for the delivery of par quantities of the referenced credit obligation.\nThe Companys maximum amount at risk, assuming the value of all referenced credit obligations is zero, was $1,875 million at December 31, 2008.\nThe Company can terminate these contracts at any time through cash"}
{"_id": "d8d2a59f4", "title": "", "text": "| 2007 2006 2005 | Dollars in millions | Federal funds purchased | Year-end balance | Average during year | Maximum month-end balance during year | December 31, 2007In millions | Commercial | Real estate projects | Total | Loans with Predetermined rate | Floating or adjustable rate | Total | December 31, 2007 – in millions | Three months or less | Over three through six months | Over six through twelve months | Over twelve months | Total |"}
{"_id": "d85777430", "title": "", "text": "| For the   Years Ended December 31, | 2009 | (In millions) | Instrument-specific credit risk based on changes in credit spreads for non-agency loans and adjustments in individual loan quality | Other changes in estimated fair value | Total gains (losses) recognized in other revenues |"}
{"_id": "d8ef7037c", "title": "", "text": "(1) \"Owned and Leased Capability\" is the dependable load carrying capability as demonstrated under actual operating conditions based on the primary fuel (assuming no curtailments) that each station was designed to utilize.\nThe Entergy System's load and capacity projections are reviewed periodically to assess the need and timing for additional generating capacity and interconnections.\nThese reviews consider existing and projected demand, the availability and price of power, the location of new load, and the economy.\nSummer peak load in the Entergy System service territory has averaged 21,039 MW from 2002-2008.\nDue to changing use patterns, peak load growth has nearly flattened while annual energy use continues to grow.\nIn the 2002 time period, the Entergy System's long-term capacity resources, allowing for an adequate reserve margin, were approximately 3,000 MW less than the total capacity required for peak period demands.\nIn this time period Entergy met its capacity shortages almost entirely through short-term power purchases in the wholesale spot market.\nIn the fall of 2002, the Entergy System began a program to add new resources to its existing generation portfolio and began a process of issuing"}
{"_id": "d89d0b000", "title": "", "text": "| 2003 2002 2001 | (In thousands, except per share data) | Net income: | As reported | Total stock-based employee compensation expense determined under fair value method for all awards, net of related taxeffects | Pro forma net income | Basic earnings per share | As reported | Pro forma | Diluted earnings per share: | As reported | Pro forma |"}
{"_id": "d8924d514", "title": "", "text": "Commercial Banking net income increased $13.1 million in 2013 compared to 2012.\nThe $14.7 million increase in net interest income primarily reflects continued loan growth and lower FTP funding charges, partially offset by continued repricing pressure within the loan portfolio, including the pay-off of higher-yielding loans, new loan originations at lower yields and lower interest income on acquired loans.\nThe $11.3 million increase in non-interest income in 2013 reflects increases in commercial banking fees and operating lease income resulting from a higher level of equipment leased to PCLC customers.\nIncluded in non-interest income in 2013 and 2012 are net gains on sales of acquired loans totaling $5.7 million and $1.0 million, respectively.\nThe $7.0 million increase in non-interest expense in 2013 reflects a higher level of direct expenses primarily due to increased operating lease expense, partially offset by a decrease in allocated expenses in 2013 compared to 2012.\nAverage total assets increased $1.7 billion and average total liabilities increased $367 million compared to 2012, reflecting loan and deposit growth."}
{"_id": "d8d29572a", "title": "", "text": "Investing Activities.\nCash provided by investing activities totaled $99.3 million compared to $329.5 million in the prior year.\nThis decrease is principally due to the sale of our AFS securities in the prior year, partially offset by the sale of our portfolio of mortgage loans in the current year, a decrease of $34.0 million in payments for business acquisitions, and a decrease of $10.7 million in capital expenditures."}
{"_id": "d861f4336", "title": "", "text": "| Years Ended December 31, | (in millions) | Operating Revenues | Net Income Attributable to Duke Energy Corporation |"}
{"_id": "d8d2b2df2", "title": "", "text": "| As of December 31, 2017 | $ in millions | Cash and cash equivalents | Fund investments | Equity securities | Government debt securities | Other assets | Guaranteed investments contracts | Total |"}
{"_id": "d8bcb8358", "title": "", "text": "| 2015 2014 2013 | Total common stockholders' equity | Long-term debt and redeemable preferred stock at redemption value | Short-term debt and current portion of long-term debt | Total |"}
{"_id": "d8754921a", "title": "", "text": "| (in millions) Shares Outstanding at September 30, 2009 Conversion Rate Into Class A Common Stock As Converted | Class A common stock | Class B common stock | Class C common stock | 846 |"}
{"_id": "d81143a4a", "title": "", "text": "Backlog N&SS total backlog decreased by 12% in 2008 compared with 2007 primarily due to revenues recognized on multi-year orders received in prior years on FCS, GMD and C3 programs, partially offset by an increase in the International Space Station program.\nTotal backlog decreased by 7% in 2007 compared with 2006 due to revenues recognized on FCS and Proprietary programs, partially offset by an increase in Space Exploration programs."}
{"_id": "d89d22bc4", "title": "", "text": "Notes to the Consolidated Financial Statements at a price equal to 101% of their principal amount plus accrued and unpaid interest.\nCash proceeds from the sale of these notes was $983 million (net of discount and issuance costs).\nThe discount and issuance costs related to these notes, which totaled $17 million, will be amortized to interest expense over the respective terms of the notes.\nIn August 2010, PPG entered into a three-year credit agreement with several banks and financial institutions (the Credit Agreement).\nThe Credit Agreement provides for a $1.2 billion unsecured revolving credit facility.\nIn connection with entering into this Credit Agreement, the Notes to the Consolidated Financial Statements at a price equal to 101% of their principal amount plus accrued and unpaid interest.\nCash proceeds from the sale of these notes was $983 million (net of discount and issuance costs).\nThe discount and issuance costs related to these notes, which totaled $17 million, will be amortized to interest expense over the respective terms of the notes.\nIn August 2010, PPG entered into a three-year credit agreement with several banks and financial institutions (the ¡°Credit Agreement¡±).\nThe Credit Agreement provides for a $1.2 billion unsecured revolving credit facility.\nIn connection with entering into this Credit Agreement, the Company terminated its ¬650 million and its $1 billion revolving credit facilities that were each set to expire in 2011.\nThere were no outstanding amounts due under either revolving facility at the times of their termination.\nThe Company has the ability to increase the size of the Credit Agreement by up to an additional $300 million, subject to the receipt of lender commitments and other conditions.\nThe Credit Agreement will terminate and all amounts outstanding will be due and payable on August 5, 2013.\nThe Credit Agreement provides that loans will bear interest at rates based, at the Company¡¯s option, on one of two specified base rates plus a margin based on certain formulas defined in the Credit Agreement.\nAdditionally, the Credit Agreement contains a commitment fee on the amount of unused commitment under the Credit Agreement ranging from 0.125% to 0.625% per annum.\nThe applicable interest rate and the fee will vary depending on the ratings established by Standard & Poor¡¯s Financial Services LLC and Moody¡¯s Investor Service Inc.  for the Company¡¯s non-credit enhanced, longterm, senior, unsecured debt.\nThere were no amounts outstanding under the credit agreement at December 31, 2011; however, the available borrowing rate on a one month, U. S.  dollar denominated borrowing would have been 1.05 percent.\nThe Credit Agreement contains usual and customary restrictive covenants for facilities of its type, which include, with specified exceptions, limitations on the Company¡¯s ability to create liens or other encumbrances, to enter into sale and leaseback transactions and to enter into consolidations, mergers or transfers of all or substantially all of its assets.\nThe Credit Agreement also requires the Company to maintain a ratio of total indebtedness to total capitalization, as defined in the Credit Agreement, of 60 percent or less.\nThe Credit Agreement contains customary events of default that would permit the lenders to accelerate the repayment of any loans, including the failure to make timely payments when due under the Credit Agreement or other material indebtedness, the failure to satisfy covenants contained in the Credit Agreement, a change in control of the Company and specified events of bankruptcy and insolvency.\nPPG¡¯s non-U.\nS.  operations have uncommitted lines of credit totaling $679 million of which $36 million was used as of December 31, 2011.\nThese uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees.\nShort-term debt outstanding as of December 31, 2011 and 2010, was as follows:"}
{"_id": "d87964e6c", "title": "", "text": "| Table 55 Allowance for Credit Losses (continued) | (Dollars in millions) | Loan and allowance ratios: | Loans and leases outstanding at December 31-5 | Allowance for loan and lease losses as a percentage of total loans and leases and outstanding at December 31-5 | Consumer allowance for loan and lease losses as a percentage of total consumer loans outstanding at December 31-6 | Commercial allowance for loan and lease losses as a percentage of total commercial loans and leases outstanding at December 31-7 | Average loans and leases outstanding-5 | Net charge-offs as a percentage of average loans and leases outstanding-5 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases at December 31-5, 8 | Ratio of the allowance for loan and lease losses at December 31 to net charge-offs | Amounts included in allowance for loan and lease losses that are excluded from nonperforming loans and leases at December 31-9 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases excluding amounts included in the allowance for loan and lease losses that are excluded from nonperforming loans and leases at December 31-9 | Loan and allowance ratios excluding purchased credit-impaired loans: | Allowance for loan and lease losses as a percentage of total loans and leases outstanding at December 31-5 | Consumer allowance for loan and lease losses as a percentage of total consumer loans outstanding at December 31-6 | Commercial allowance for loan and lease losses as a percentage of total commercial loans and leases outstanding at December 31-7 | Net charge-offs as a percentage of average loans and leases outstanding-5 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases at December 31-5, 8 | Ratio of the allowance for loan and lease losses at December 31 to net charge-offs |"}
{"_id": "d89337b3c", "title": "", "text": "Operating Income Operating income for Fiscal 2011 was $664.6 million, representing 10.8% of net sales, as compared to $584.9 million, or 9.9% of net sales, for Fiscal 2010, an increase of 90 basis points.\nThis increase was due to a lower SG&A rate partially offset by a slightly lower gross profit rate.\nAAP produced operating income of $653.1 million, or 11.1% of net sales, for Fiscal 2011 as compared to $580.4 million, or 10.2% of net sales, for Fiscal 2010.\nAI generated operating income for Fiscal 2011 of $11.5 million as compared to $4.5 million for Fiscal 2010.\nAI's operating income increased during Fiscal 2011 primarily due to the leverage of SG&A as a result of its improved comparable store sales and decelerated pace of new store openings in Fiscal 2011."}
{"_id": "d8942088c", "title": "", "text": "Capital allocation Each business segment is allocated capital by taking into consideration stand- alone peer comparisons, economic risk measures and regulatory capital requirements.\nThe amount of capital assigned to each business is referred to as equity.\nEffective January 1, 2006, the Firm refined its methodology for allo- cating capital to the business segments.\nAs prior periods have not been revised to reflect the new capital allocations, certain business metrics, such as ROE, are not comparable to the current presentations.\nFor a further discussion of this change, see Capital managementLine of business equity on page 57 of this Annual Report."}
{"_id": "d8b4e95e6", "title": "", "text": "| Renegotiated TDRs Entered into During 2011 December 31, 2011 | (Dollars in millions) | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Total renegotiated TDR loans |"}
{"_id": "d8cb9c07c", "title": "", "text": "Investment Servicing The 14% increase in total revenue from 2005 was primarily driven by increases in servicing and trading services fees and securities finance revenue, as well as a 19% increase in net interest revenue, slightly offset by a decline in processing fees and other revenue.\nServicing fees were up from 2005 due to net new business from existing and new customers, higher equity valuations and higher customer transaction volumes.\nThe increase in trading services revenue reflected a higher dollar volume of foreign exchange trades for customers and a higher volume of fixed income transition management business.\nProcessing fees and other revenue declined from 2005, partly as a result of a decline in fees from Deutsche Bank AG as GSS customer deposits were converted to our systems.\nServicing and trading services fees and gains (losses) on sales of available-for-sale securities for our Investment Servicing business line are identical to the respective consolidated results.\nRefer to the Servicing Fees, Trading Services and Gains (Losses) on Sales of Available-For-Sale Securities, Net captions in the Total Revenue section of this Managements Discussion and Analysis for a more in-depth discussion.\nA discussion of processing fees and other revenue is provided under the caption Processing Fees and Other in the Total Revenue section.\nNet interest revenue for 2006 increased 19% from 2005 due to an increase in average interest-earning assets, as well as higher yields on our investment securities portfolio.\nThe higher yields were the result of a repositioning program begun in late 2004 and substantially completed in the second half of 2006, which is further discussed under the caption Net Interest Revenue in the Total Revenue section of this\nother short-term borrowings.\nAdditional information about deposits, federal funds purchased, securities sold under repurchase agreements and other short-term borrowings is in Notes 7 and 8 of the Notes to Consolidated Financial Statements, included in this Form 10-K under Item 8.\nThe table does not include obligations related to derivative contracts, because the amounts included in our consolidated statement of condition at December 31, 2006 related to derivative contracts do not represent the amounts that may ultimately be paid under the contracts.\nAdditional information about derivative contracts is in Note 15 of the Notes to Consolidated Financial Statements included in this Form 10-K under Item 8.\nWe have obligations under pension and other postretirement benefit plans, which are more fully described in Note 17 of the Notes to Consolidated Financial Statements, which are not included in the above table.\nAdditional information about contractual cash obligations related to long-term debt and operating and capital leases is in Notes 9 and 18 of the Notes to Consolidated Financial Statements.\n The consolidated statement of cash flows, included in this Form 10-K under Item 8, provides additional liquidity information."}
{"_id": "d819070a6", "title": "", "text": "| (in millions) December 31,2016 Net inflows (outflows) Marketchange FXimpact December 31,2017 | Asset allocation and balanced | Target date/risk | Fiduciary | FutureAdvisor-1 | Total |"}
{"_id": "d816dc6dc", "title": "", "text": "| Years Ended December 31, | (Millions, except percentages) | Marketing and promotion | Card Member rewards | Card Member services and other | Total marketing, promotion, rewards and Card Member services and other | Salaries and employee benefits | Other, net(a) | Total expenses |"}
{"_id": "d8c1091b4", "title": "", "text": "| ($ in millions) Level 1-1 Level 2-1 Level 3-1 Total | Asset Category | Equity securities: | U.S. | Large cap | Small cap | PPG common stock | Non-U.S. | Developed and emerging markets-2 | Debt securities: | Cash and cash equivalents | Corporate-3 | U.S.-4 | Developed and emerging markets-2 | Diversified-5 | Government | U.S.-4 | Developed markets | Other-6 | Real estate, hedge funds, and other | Total | ($ in millions) | Balance, January 1, 2015 | Realized gain | Unrealized gain/(loss) for positions still held | Transfers in/(out) | Foreign currency loss | Balance, December 31, 2015 | Realized gain | Unrealized loss for positions still held | Transfers (out)/in | Foreign currency loss | Balance, December 31, 2016 |"}
{"_id": "d8b6a5556", "title": "", "text": "| 2016 2015 2014 | Pension expense | Special terminations, settlements, and curtailments (included above) | Weighted average discount rate(A) | Weighted average expected rate of return on plan assets | Weighted average expected rate of compensation increase |"}
{"_id": "d834c5022", "title": "", "text": "| (in millions) | 2012 | 2013 | 2014 | 2015 | 2016 | Thereafter | Total |"}
{"_id": "d8779f2d0", "title": "", "text": "Fair Value Option Elections Corporate Loans and Loan Commitments The Corporation elected to account for certain large corporate loans and loan commitments which exceeded the Corporations single name credit risk concentration guidelines at fair value in accordance with SFAS 159.\nLending commitments, both funded and unfunded, are actively managed and monitored, and, as appropriate, credit risk for these lending relationships may be mitigated through the use of credit derivatives, with the Corporations credit view and market perspectives determining the size and timing of the hedging activity.\nThese credit derivatives do not meet the requirements for hedge accounting under SFAS 133 and are therefore carried at fair value with changes in fair value recorded in other income.\nElecting the fair value option allows the Corporation to account for these loans and loan commitments at fair value, which is more consistent with managements view of the underlying economics and the manner in which they are managed.\nIn addition, accounting for these loans and loan commitments at fair value reduces the accounting asymmetry that would otherwise result from carrying the loans at historical cost and the credit derivatives at fair value.\nFair values for the loans and loan commitments are based on market prices, where available, or discounted cash flows using market-based credit spreads of comparable debt instruments or credit derivatives of the specific borrower or comparable borrowers.\nResults of discounted cash flow calculations may be adjusted, as appropriate, to reflect other market conditions or the perceived credit risk of the borrower.\nAt December 31, 2007, funded loans which the Corporation has elected to fair value had an aggregate fair value of $4.59 billion recorded in loans and leases and an aggregate outstanding principal balance of $4.82 billion.\nAt December 31, 2007, unfunded loan commitments that the Corporation has elected to fair value had an aggregate fair value of $660 million recorded in accrued expenses and other liabilities and an aggregate committed exposure of $20.9 billion.\nInterest income on these loans is recorded in interest and fees on loans and leases.\nAt December 31, 2007, none of these loans were 90 days or more past due and still accruing interest or had been placed on nonaccrual status.\nNet losses resulting from changes in fair value of these loans and loan commitments of $413 million were recorded in other income during 2007.\nThese losses were significantly attributable to changes in instrument-specific credit risk.\nFollowing adoption of SFAS 159, approximately $5 million of direct loan origination fees and costs related to items for which the fair value option was elected were recognized in earnings during 2007.\nPreviously, these items would have been capitalized and amortized to earnings over the life of the loans.\nseasoning and deterioration, and the level of commercial recoveries declined.\nNoninterest expense increased $111 million, or five percent, primarily due to the LaSalle merger."}
{"_id": "d8bd86dfc", "title": "", "text": "| InvestmentManagement | Years Ended December 31, | (Dollars in millions, except where otherwise noted) | Management fees | Trading services | Processing fees and other | Total fee revenue | Net interest revenue | Total revenue | Total expenses | Income before income tax expense | Pre-tax margin | Average assets (in billions) |"}
{"_id": "d811e944a", "title": "", "text": "| Years Ended December 31, | 2016 | RiverSource Life | Statutory net gain from operations-1 | Statutory net income-1 | IDS Property Casualty | Statutory net income (loss) | 2016 | Third-party aluminum shipments (kmt) | Average realized price per metric ton of aluminum-2 | Third-party sales | Intersegment sales | Total sales | ATOI |"}
{"_id": "d8115b2c6", "title": "", "text": "| 2008 2007 | Deferred loss on the settlement of the treasury rate lock, net of tax | Deferred gain on the settlement of interest rate swap agreements entered into in connection with the Securitization, net oftax | Unrealized losses related to interest rate swap agreements, net of tax |"}
{"_id": "d86826402", "title": "", "text": "| December 31, | 2017 | Pipelines (Natural gas, liquids, crude oil and CO2) | Equipment (Natural gas, liquids, crude oil, CO2, and terminals) | Other(a) | Accumulated depreciation, depletion and amortization | 35,704 | Land and land rights-of-way | Construction work in process | Property, plant and equipment, net | Asset (KMI ownership shown if not 100%) | EagleHawk -25% | KM Altamont | Red Cedar -49% | Rocky Mountain | Fort Union -37% | Bighorn -51% | KinderHawk | North Texas | Endeavor -40% | Camino Real | KM Treating | Hiland - Williston | (MBbl/d) | Liberty Pipeline -50% | South Texas NGL Pipelines | Camino Real - Condensate | Hiland - Williston - Oil | EagleHawk - Condensate -25% |"}
{"_id": "d8bb24906", "title": "", "text": "security.\nIn both cases, the Corporation or a subsidiary may be required to settle the obligation for cash or other securities prior to the contractual maturity date.\nThese borrowings are reflected in the table as maturing at their contractual maturity date.\nDuring 2015, the Corporation had total long-term debt maturities and redemptions in the aggregate of $40.4 billion consisting of $25.3 billion for Bank of America Corporation, $6.6 billion for Bank of America, N. A.  and $8.5 billion of other debt.\nDuring 2014, the Corporation had total long-term debt maturities and redemptions in the aggregate of $53.7 billion consisting of $33.9 billion for Bank of America Corporation, $8.9 billion for Bank of America, N. A.  and $10.9 billion of other debt."}
{"_id": "d8abd3150", "title": "", "text": "| Qualified Pension Plans Non-U.S. Pension Plans | (Dollars in millions) | Components of net periodic benefit cost | Service cost | Interest cost | Expected return on plan assets | Amortization of prior service cost | Amortization of net actuarial loss (gain) | Recognized loss due to settlements and curtailments | Net periodic benefit cost (income) | Weighted-average assumptions used to determine net cost for years ended December 31 | Discount rate | Expected return on plan assets | Rate of compensation increase | Nonqualified andOther Pension Plans-1 | (Dollars in millions) | Components of net periodic benefit cost | Service cost | Interest cost | Expected return on plan assets | Amortization of transition obligation | Amortization of prior service cost (credits) | Amortization of net actuarial loss (gain) | Recognized loss due to settlements and curtailments | Net periodic benefit cost (income) | Weighted-average assumptions used to determine net cost for years ended December 31 | Discount rate | Expected return on plan assets | Rate of compensation increase |"}
{"_id": "d89c6bb40", "title": "", "text": "| 2013 2012 2011 | Years ended December 31(dollars in millions) | Assets: | Short-term investments -1 | Securities -2 | Loans: | Commercial -3 | Commercial real estate -4 | Residential mortgage | Consumer | Total loans | Total earning assets | Other assets | Total assets | Liabilities and stockholders’ equity: | Deposits: | Non-interest-bearing | Savings, interest-bearing checking and money market | Time | Total deposits | Borrowings: | FHLB advances | Federal funds purchased | Retail repurchase agreements | Other borrowings | Total borrowings | Notes and debentures | Total funding liabilities | Other liabilities | Total liabilities | Stockholders’ equity | Total liabilities and stockholders’ equity | Net interest income/spread -5 | Net interest margin | Operating net interest margin -6 |"}
{"_id": "d8f3a71d4", "title": "", "text": "| Fiscal2012 Fiscal2011 Fiscal2010 % Change2012-2011 % Change2011-2010 | Americas | Percentage of total revenue | EMEA | Percentage of total revenue | APAC | Percentage of total revenue | Total revenue |"}
{"_id": "d8799ab52", "title": "", "text": "| (millions of dollars) 2012 2011 Variance 2012 vs. 2011 2010 Variance 2011 vs. 2010 | Operating activities | Investing activities | Financing activities | Net change | Balance at beginning of period | Balance at end of period |"}
{"_id": "d8f80573a", "title": "", "text": "| % of Total Revenue | 2014 | Domestic | United Kingdom | Continental Europe | Asia Pacific | Latin America | Other |"}
{"_id": "d8cc50b30", "title": "", "text": "| Oil   (MMBbls) Gas   (Bcf) NGLs   (MMBbls) Total   (MMBoe) | U.S. Onshore | U.S. Offshore | Canada | International | Total | 2009 | Long-Term Debt-Principal -1 | Long-Term Debt- Interest-2 | Operating Leases | Ground Leases | Retail Store Leases |"}
{"_id": "d8c0438f6", "title": "", "text": "| December 31, 2015 December 31, 2014 | Level 1 | (In thousands) | Interest rate swaps |"}
{"_id": "d89ec4a72", "title": "", "text": "Effective January 1, 2003, FASB Interpretation No.45, “Guarantor’s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others” (“FIN 45”), requires the fair-value"}
{"_id": "d88e61e14", "title": "", "text": "| Net Income | Years ended December 31 (in millions) | Commercial Banking | Consumer Financial Services | Treasury | Total reportable segments | Other | Total Consolidated |"}
{"_id": "d8c182dac", "title": "", "text": "The Company incurred significant non-recurring separation costs in 2007 as a result of the Separation.\nThese costs were primarily associated with establishing the Ameriprise Financial brand, separating and reestablishing the Company’s technology platforms and advisor and employee retention programs.5.\nAcquisitions and Pending Transactions On September 30, 2009, the Company announced a definitive agreement to acquire the long-term asset management business of Columbia Management Group (‘‘Columbia’’).\nThe total consideration to be paid will be between $900 million and $1.2 billion based on net asset flows at Columbia before closing.\nThe acquisition is expected to be funded through the use of cash on hand and is expected to close in the spring of 2010, subject to satisfaction of closing conditions that are generally present in similar acquisitions.\nIn the fourth quarter of 2008, the Company completed its all-cash acquisitions of H&R Block Financial Advisors, Inc. , subsequently renamed Ameriprise Advisor Services, Inc.  (‘‘AASI’’), J.\n& W.  Seligman & Co. , Incorporated (‘‘Seligman’’) and Brecek & Young Advisors, Inc.  for $329 million, $432 million and $26 million, respectively.\nThe cost of the acquisitions included the purchase price and transaction costs.\nThese acquisitions further expanded the Company’s retail distribution and asset management businesses.\nThe Company recorded the assets and liabilities acquired at fair value and allocated the remaining costs to goodwill and intangible assets.\nSee Note 2 and Note 9 for additional information on goodwill and intangible assets.6.\nVariable Interest Entities The Company consolidates a VIE for which it is considered the primary beneficiary.\nAs of December 31, 2009 and 2008, the Company had investments of $10 million and non-recourse debt of $6 million, respectively, on the Consolidated Balance Sheet related to this entity.\nThe Company has variable interests for which it is not the primary beneficiary and, therefore, does not consolidate.\nThe Company’s maximum exposure to loss as a result of its investment in these entities is limited to its carrying value.\nThe Company has no obligation to provide further financial or other support to the VIEs nor has the Company provided any additional support to the VIEs other than services it is separately compensated for through management agreements.\nThe Company had no liabilities recorded as of December 31, 2009 and 2008 related to these entities.\nThe Company is a limited partner in affordable housing partnerships which qualify for government sponsored low income housing tax credit programs.\nCertain of these partnerships are considered to be variable interest entities; however, the Company does not consolidate these partnerships because it is not the primary beneficiary.\nThe carrying values of the affordable housing partnerships are reflected in investments and were $28 million and $54 million as of December 31, 2009 and 2008, respectively.\nFor the collateralized debt obligations (‘‘CDOs’’) managed by the Company, the Company has evaluated its variability in losses and returns considering its investment levels, which are less than 50% of the residual tranches, and the fees received from managing the structures and has determined that consolidation is not required.\nThe carrying values of the CDOs are reflected in investments and were $58 million and $50 million as of December 31, 2009 and 2008, respectively.\nThe Company manages $6.4 billion of underlying collateral consisting primarily of below investment grade syndicated bank loans within the CDOs.7."}
{"_id": "d87851cbe", "title": "", "text": "SUBSIDIARY GUARANTORS Performance of the Company’s obligations under the senior notes, including any repurchase obligations resulting from a change of control, is unconditionally guaranteed, jointly and severally, on an unsecured basis, by each of HII’s existing and future domestic restricted subsidiaries that guarantees debt under the Credit Facility (the “Subsidiary Guarantors”).\nThe guarantees rank equally with all other unsecured and unsubordinated indebtedness of the Subsidiary Guarantors.\nThe Subsidiary Guarantors are each directly or indirectly 100% owned by HII.\nPrior to the spin-off of HII from Northrop Grumman, Northrop Grumman conducted an internal reorganization, effective on March 30, 2011, that resulted in the Company’s current organizational structure, which consists of HII as direct or indirect parent of all of the Subsidiary Guarantors.\nPrior to this internal reorganization, HII had no independent assets or operations and no subsidiaries.\nAccordingly, for all periods ended prior to March 30, 2011, the consolidated financial information of the Company is attributable entirely to the Subsidiary Guarantors."}
{"_id": "d8c81323e", "title": "", "text": "| Year ended December 31, | $ in millions, except per share data | Management fees earned from CIP, eliminated upon consolidation | Performance fees earned from CIP, eliminated upon consolidation | Other revenues recorded by CIP | CIP related adjustments in arriving at net revenues | $ in millions | Long-term debt | Fixed rate | Floating rate | Total | Weighted average interest rate percentage | Weighted average period for which rate is fixed in years |"}
{"_id": "d8f838a86", "title": "", "text": "| Operating Subsidiary: A.M. Best Standard & Poor's Moody's | Everest Re | Bermuda Re | Ireland Re | Everest National | Everest Indemnity | Everest Security | Everest International Assurance, Ltd. | Everest International | Everest Canada | Mt. Logan Re Ltd. |"}
{"_id": "d87f3c3bc", "title": "", "text": "General and Administrative Expenses General and Administrative expenses for the year ended December 31, 2015 were approximately $25.7 million, an increase of $4.8 million from the year ended December 31, 2014.\nThe majority of the increase was related to increases in legal fees of $2.7 million and stock option expenses of $1.6 million."}
{"_id": "d8a9f8772", "title": "", "text": "| Year Ended December 31, | 2014 | (dollars in millions) | Assets | Interest-bearing cash and due from banks and deposits in banks | Taxable investment securities | Non-taxable investment securities | Total investment securities | Commercial | Commercial real estate | Leases | Total commercial | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others-1 | Home equity lines of credit serviced by others-1 | Automobile | Student | Credit cards | Other retail | Total retail | Total loans and leases-2 | Loans held for sale | Other loans held for sale | Interest-earning assets | Allowance for loan and lease losses | Goodwill | Other noninterest-earning assets | Total noninterest-earning assets | Total assets | Liabilities and Stockholders' Equity | Checking with interest | Money market and savings | Term deposits | Total interest-bearing deposits | Interest-bearing deposits held for sale |"}
{"_id": "d88dbe52a", "title": "", "text": "| Pension Benefits Postretirement Benefits | 2004 | (In thousands) | Change in benefit obligation: | Benefit obligation at beginning of year | Service cost | Interest cost | Plan participants’ contributions | Actuarial loss | Business combinations | Benefits paid | Benefit obligation at end of year | Change in plan assets: | Fair value of plan assets at beginning of year | Actual return on plan assets | Plan participants’ contributions | Business combinations | Benefits and other payments | Fair value of plan assets at end of year | Funded status | Unrecognized net actuarial loss | Unrecognized prior service cost | Prepaid (accrued) benefit cost | Amounts recognized in the consolidated balance sheet were: | Prepaid benefit cost (asset) | Accrued benefit cost (liability) | Intangible asset | Pre-tax charge to accumulated other comprehensive income | $-89,911 |"}
{"_id": "d82441c8c", "title": "", "text": "Note 21 PENSION, POSTRETIREMENT AND POSTEMPLOYMENT LIABILITIES The Company and certain of its subsidiaries sponsor defined benefit pension plans, defined contribution plans and termination indemnity plans for regular full-time employees.\nThe principal defined benefit pension plan is the Bristol-Myers Squibb Retirement Income Plan, which covers most U. S.  employees and which represents approximately 70% of the consolidated pension plan assets and obligations.\nThe funding policy is to contribute amounts to fund past service liability .\nPlan benefits are based primarily on the participant’s years of credited service and final average compensation.\nPlan assets consist principally of equity and fixed-income securities.\nComprehensive medical and group life benefits are provided for substantially all U. S.  retirees who elect to participate in comprehensive medical and group life plans.\nThe medical plan is contributory.\nContributions are adjusted periodically and vary by date of retirement.\nThe life insurance plan is noncontributory.\nPlan assets consist principally of equity and fixed-income securities.\nSimilar plans exist for employees in certain countries outside of the U. S.  The net periodic benefit cost of defined benefit pension and postretirement benefit plans includes:"}
{"_id": "d822351e6", "title": "", "text": "The table below sets forth the components of Citi’s LCR calculation and HQLA in excess of net outflows for the periods indicated: Note: Amounts set forth in the table above are presented on an average basis.\nAs set forth in the table above, Citi’s LCR increased both year-over-year and sequentially.\nThe increase year-over-year was driven by both an increase in HQLA and a reduction in net outflows.\nSequentially, the increase was driven by a slight reduction in net outflows, as HQLA remained largely unchanged."}
{"_id": "d8dc0635e", "title": "", "text": "increase of $8.5 million in interest income, compared to the prior year, partially offset by foreign currency losses of $7.5 million, compared to the prior year.\nProvision for Income Taxes.\nWe recorded a 21.0% provision for income taxes for fiscal year 2019, compared to 24.9% in fiscal year 2018 and 26.9% in fiscal year 2017.\nThe decrease in the effective tax rate from fiscal year 2018 to 2019 is primarily due to a further reduction in the U. S.  federal income tax rate to 21%, the non-recurring tax expense recorded in fiscal year 2018 for deemed repatriation of undistributed foreign earnings and remeasurement of net deferred tax assets, partially offset by a decrease in tax deductible stock compensation.\nThe decrease in the effective tax rate from fiscal year 2017 to 2018 was primarily due to the impacts of the Tax Cuts and Jobs Act enacted on December 22, 2017, partially offset with foreign tax credits from a one-time distribution in fiscal year 2017.\nWe record a valuation allowance to reduce our deferred tax assets to the amount we believe is more-likely-than-not to be realized.\nIn making these determinations we consider historical and projected taxable income, and ongoing prudent and feasible tax planning strategies in assessing the appropriateness of a valuation allowance.\nThe net increase in the valuation allowance of $0.7 million for fiscal year 2019 and $4.6 million for fiscal year 2018 was primarily related to tax net operating losses incurred in certain foreign jurisdictions and state tax credit carryforwards.\nOur net deferred tax assets as of September 30, 2019, 2018 and 2017 were $27.4 million, $33.4 million and $53.2 million, respectively.\nOur worldwide effective tax rate may fluctuate based on a number of factors, including variations in projected taxable income in the various geographic locations in which we operate, changes in the valuation of our net deferred tax assets, resolution of potential exposures, tax positions taken on tax returns filed in the various geographic locations in which we operate, and the introduction of new accounting standards or changes in tax laws or interpretations thereof in the various geographic locations in which we operate.\nWe have recorded liabilities to address potential tax exposures related to business and income tax positions we have taken that could be challenged by taxing authorities.\nThe ultimate resolution of these potential exposures may be greater or less than the liabilities recorded which could result in an adjustment to our future tax expense."}
{"_id": "d8a43f68c", "title": "", "text": "| (In millions) United States Europe Africa Other Int’l Total | 2007 | Sales(a) | Transfers | Other income(b) | Total revenues | Expenses: | Production costs | Transportation costs(c) | Exploration expenses | Depreciation, depletion and amortization | Administrative expenses | Total expenses | Other production-related income(d) | Results before income taxes | Income tax provision (benefit) | Results of continuing operations | Results of discontinued operations | 2006 | Sales(a) | Transfers | Other income(b) | Total revenues | Expenses: | Production costs | Transportation costs(c) | Exploration expenses | Depreciation, depletion and amortization | Administrative expenses | Total expenses | Other production-related income(d) | Results before income taxes | Income tax provision (benefit) | Results of continuing operations | Results of discontinued operations | 2005 | Sales(a) | Transfers | Other income(b) | Total revenues | Expenses: | Production costs | Transportation costs(c) | Exploration expenses | Depreciation, depletion and amortization | Administrative expenses | Total expenses | Other production-related income(d) | Results before income taxes | Income tax provision (benefit) | Results of continuing operations | Results of discontinued operations |"}
{"_id": "d815dda4c", "title": "", "text": "Table 30 presents commercial utilized reservable criticized exposure by product type.\nCriticized exposure corresponds to the Special Mention, Substandard and Doubtful asset categories defined by regulatory authorities.\nIn addition to reservable loans and leases, excluding those accounted for under the fair value option, exposure includes SBLCs, financial guarantees, bankers acceptances and commercial letters of credit for which we are legally bound to advance funds under prescribed conditions, during a specified period.\nAlthough funds have not been advanced, these exposure types are considered utilized for credit risk management purposes.\nTotal commercial utilized reservable criticized exposure rose by $21.7 billion primarily due to increases in commercial real estate and commercial  domestic.\nCommercial real estate increased $10.0 billion primarily due to the non-homebuilder portfolio which has been impacted by the weak economy partially offset by a decrease in the homebuilder portfolio.\nThe $9.3 billion increase in commercial  domestic reflects deterioration across various lines of business and industries, primarily in Global Banking.\nAt December 31, 2009, approximately 85 percent of the loans within criticized reservable utilized exposure are secured."}
{"_id": "d8e0fbe5e", "title": "", "text": "| 2015 2014 2013 | $ in billions | January 1 | Long-term inflows | Long-term outflows | Long-term net flows | Net flows in Invesco Powershares QQQ fund | Net flows in institutional money market funds | Total net flows | Market gains and losses/reinvestment | Acquisitions/dispositions, net-4 | Foreign currency translation | December 31 | Average AUM | Average long-term AUM | Average AUM | Revenue yield | Gross revenue yield on AUM-2 | Gross revenue yield on AUM before performance fees-2 | Net revenue yield on AUM-3 | Net revenue yield on AUM before performance fees-3 | 2007 (all amounts in millions) | Revenues from rental property -1 | Rental property expenses: -2 | Rent | Real estate taxes | Operating and maintenance | $183.7 | Depreciation and amortization -3 |"}
{"_id": "d872995f6", "title": "", "text": "| December 31, 2014 December 31, 2013 | Dollars in millions | Total assets | Total assets at fair value as a percentage of consolidated assets | Level 3 assets as a percentage of total assets at fair value | Level 3 assets as a percentage of consolidated assets | Total liabilities | Total liabilities at fair value as a percentage of consolidated liabilities | Level 3 liabilities as a percentage of total liabilities at fair value | Level 3 liabilities as a percentage of consolidated liabilities |"}
{"_id": "d8a0d6e78", "title": "", "text": "| As of and for the Year Ended December 31, | (dollars in millions) | Net interest income | Noninterest income | Total revenue | Noninterest expense | Profit before provision for credit losses | Provision for credit losses | Income before income tax expense | Income tax expense | Net income | Loans and leases and loans held for sale (year-end) | Average Balances: | Total assets | Loans and leases and loans held for sale-1 | Deposits and deposits held for sale-2 | Interest-earning assets | Key Performance Metrics: | Net interest margin | Efficiency ratio | Average loans to average deposits ratio-3 | Return on average total tangible assets | Return on average tangible common equity-4 |"}
{"_id": "d8c66fe96", "title": "", "text": "| 2015 2014 2013 | Net sales | Operating profit | Operating margins | Backlog at year-end |"}
{"_id": "d8e541c66", "title": "", "text": "| December 31, | (in millions) | Commercial | Commercial real estate | Leases | Total commercial loans and leases | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Automobile | Education | Credit cards | Other retail | Total retail loans | Total loans and leases-1(2) |"}
{"_id": "d8ce2f3a2", "title": "", "text": "| Year Ended December 31, | 2015 | Beginning Balance | Additions based on positions related to the current year | Additions based on positions related to prior years | Reductions for tax positions of prior years | Settlements with taxing authorities | Statute of limitation expirations | Ending Balance |"}
{"_id": "d8d46fd7a", "title": "", "text": "| December 31, 2007 Cost Gross Unrealized Losses Estimated Fair Market Value | Auction rate securities: | Debt instruments with contractual maturity dates in 2021, 2033, and 2036 | Contingent capital securities with no maturity dates | Total |"}
{"_id": "d8bba35c6", "title": "", "text": "| Company Payments Volume  (billions) Total Volume  (billions) Total Transactions  (billions) Cards  (millions) | Visa Inc.-1 | MasterCard | American Express | Discover | JCB | Diners Club |"}
{"_id": "d813ebcd4", "title": "", "text": "amount of unrecognized tax benefit related to permanent differences because a portion of those unrecognized benefits relate to state tax matters.\nIt is reasonably possible that the liability for uncertain tax positions could increase or decrease in the next twelve months due to completion of tax authorities exams or the expiration of statutes of limitations.\nManagement estimates that the liability for uncertain tax positions could decrease by $5 million within the next twelve months.\nThe consolidated federal income tax returns of The PNC Financial Services Group, Inc.  and subsidiaries through 2003 have been audited by the Internal Revenue Service and we have resolved all disputed matters through the IRS appeals division.\nThe Internal Revenue Service is currently examining the 2004 through 2006 consolidated federal income tax returns of The PNC Financial Services Group, Inc.  and subsidiaries.\nThe consolidated federal income tax returns of National City Corporation and subsidiaries through 2004 have been audited by the Internal Revenue Service and we have reached agreement in principle on resolution of all disputed matters through the IRS appeals division.\nHowever, because the agreement is still subject to execution of a closing agreement we have not treated it as effectively settled.\nThe Internal Revenue Service is currently examining the 2005 through 2007 consolidated federal income tax returns of National City Corporation and subsidiaries, and we expect the 2008 federal income tax return to begin being audited as soon as it is filed.\nNew York, New Jersey, Maryland and New York City are principally where we were subject to state and local income tax prior to our acquisition of National City.\nThe state of New York is currently in the process of closing the 2002 to 2004 audit and will begin auditing the years 2005 and 2006.\nNew York City is currently auditing 2004 and 2005.\nHowever, years 2002 and 2003 remain subject to examination by New York City pending completion of the New York state audit.\nThrough 2006, BlackRock is included in our New York and New York City combined tax filings and constituted most of the tax liability.\nYears subsequent to 2004 remain subject to examination by New Jersey and years subsequent to 2005 remain subject to examination by Maryland.\nNational City was principally subject to state and local income tax in California, Florida, Illinois, Indiana, and Missouri.\nAudits currently in process for these states include: California (2003-2004), Illinois (2004-2006) and Missouri (2003-2005).\nWe will now also be principally subject to tax in those states.\nIn the ordinary course of business we are routinely subject to audit by the taxing authorities of these states and at any given time a number of audits will be in process.\nOur policy is to classify interest and penalties associated with income taxes as income taxes.\nAt January 1, 2008, we had accrued $91 million of interest related to tax positions, most of which related to our cross-border leasing transactions.\nThe total accrued interest and penalties at December 31, 2008 was $164 million.\nWhile the leasing related interest decreased with a payment to the IRS, the $73 million net increase primarily resulted from our acquisition of National City."}
{"_id": "d8e6d7d32", "title": "", "text": "Table of Contents Revenues 2003 Compared to 2002 The Companys revenues increased approximately $1.4 billion, or 8.8 percent, to $17.4 billion, largely as a result of its capacity purchase agreements with American Eagle Airlines, Inc.  and Executive Airlines, Inc.  (collectively, AMR Eagle), as discussed below and in Note 13 to the consolidated financial statements.\nPassenger revenues were relatively flat year-over-year.\nDuring the first four months of the year, yields (passenger revenue per available seat mile) and load factors were down year-over-year, due to the impact of the war in Iraq and SARS.\nIn the latter part of the year, both yields and load factors improved year- over-year, as the impact of the war in Iraq and SARS faded, and the U. S.  economy began recovering.\nHowever, even with the recent improvements, the Companys unit revenues and yield are still depressed relative to historical measures.\nFor the full year, Americans passenger revenues decreased by 0.7 percent, or $107 million, to $14.3 billion, on a capacity decrease of 4.1 percent to 165 billion available seat miles (ASMs).\nAmericans passenger load factor increased 2.1 points to 72.8 percent and passenger revenue yield per passenger mile increased by 0.4 percent, or 0.05 cents, to 11.91 cents, driving Americans passenger revenue per available seat mile (RASM) up by 3.3 percent, or 0.28 cents, to 8.67 cents.\nIn 2003, American derived approximately 70 percent of its passenger revenues from domestic operations and approximately 30 percent from international operations.\nFollowing is additional information regarding Americans domestic and international RASM and capacity:"}
{"_id": "d89393072", "title": "", "text": "| December 31, 2008 | Amortized cost | (in millions) | Finance — Banking | Finance — Brokerage | Finance — Finance Companies | Finance — Financial Other | Finance — Insurance | Finance — REITS | Industrial — Basic Industry | Industrial — Capital Goods | Industrial — Communications | Industrial — Consumer Cyclical | Industrial — Consumer Non-Cyclical | Industrial — Energy | Industrial — Other | Industrial — Technology | Industrial — Transportation | Utility — Electric | Utility — Natural Gas | Utility — Other | Government guaranteed | Total corporate securities | Residential pass-through securities | Commercial mortgage-backed securities | Residential collateralized mortgage obligations -1 | Asset-backed securities — Home equity -2 | Asset-backed securities — All other | Collateralized debt obligations — Credit | Collateralized debt obligations — CMBS | Collateralized debt obligations — Loans | Collateralized debt obligations — ABS -3 | Total mortgage-backed and other asset-backed securities | U.S. Government and agencies | States and political subdivisions | Non-U.S. governments | Total fixed maturity securities, available-for-sale |"}
{"_id": "d8738a3b6", "title": "", "text": "Drilling Revenue of $14.25 billion was 73% higher than the same period last year reflecting the acquisitions of Smith, in August 2010, and Geoservices, in April 2010, partially offset by a decrease in IPM activities in Mexico.\nThe ramp-up of IPM projects in Iraq also contributed to the revenue increase.\nYear-on-year, pretax operating margin decreased 24 bps to 16.0% largely due to the addition of the Smith and Geoservices activities as well as the effects of the geopolitical events."}
{"_id": "d87419796", "title": "", "text": "| 2011 2010 2009 2008 | $120,424 |"}
{"_id": "d862f094c", "title": "", "text": "| December 31, 2014 December 31, 2013 | (in millions) | Risk exposure | Interest rate | Credit | Foreign exchange | Equity | Commodity | Total structured notes |"}
{"_id": "d89ff7b38", "title": "", "text": "| December 31, 2015 December 31, 2014 | Series | Floating Rate Non-Cumulative Preferred Stock, Series A | 6.50% Non-Cumulative Preferred Stock, Series B -1 | 5.25% Fixed-to-Floating Rate Non-Cumulative Preferred Stock, Series C | Series A Junior Participating Preferred Stock | Not designated -1 | Total |"}
{"_id": "d8dc7b00a", "title": "", "text": "| Amount (In Millions) | 2015 net revenue | Retail electric price | Volume/weather | Louisiana Act 55 financing savings obligation | Other | 2016 net revenue | December 31 | 2007 | Other current assets | Sundry | Other current liabilities | Deferred income taxes | $20.4 | Period | October 1-31, 2007 | November 1-30, 2007 | December 1-31, 2007 | Total | (Unaudited) | (Dollar amounts in millions, except per share data) | Summary of Operations | Net Sales from Continuing Operations | Net Earnings from Continuing Operations | Net Earnings (Loss) from Discontinued Operations | Net Earnings (Loss) | Earnings per share from Continuing Operations | Basic | Diluted | Earnings (Loss) per share from Discontinued Operations | Basic | Diluted | Net Earnings (Loss) per share | Basic | Diluted | Cash Dividends declared per share | Summary of Financial Position | Total Assets | Long-term Debt |"}
{"_id": "d879401ca", "title": "", "text": "| 2011 2010 2009 | Net income | Shares used to compute basic net income per share | Dilutive potential common shares: | Unvested restricted stock and performance share awards | Stock options | Shares used to compute diluted net income per share | Basic net income per share | Diluted net income per share |"}
{"_id": "d875671b6", "title": "", "text": "| Amount (In Millions) | 2006 net revenue | Net wholesale revenue | Transmission revenue | Deferred fuel costs revisions | Other | 2007 net revenue |"}
{"_id": "d886d0b82", "title": "", "text": "| Years Ended December 31, | 2010 | CIEs | (in millions) | Revenues | Net investment income (loss) | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest and debt expense | General and administrative expense | Total expenses | Pretax loss | Less: Net income attributable to noncontrolling interests | Pretax loss attributable to Ameriprise Financial |"}
{"_id": "d8a58d084", "title": "", "text": "| (Unaudited)Year Ended December 31, | 2016-1 | Total Revenues | Income (Loss) from Continuing Operations | Per Share Income (Loss) from Continuing Operations - Basic | Per Share Income (Loss) from Continuing Operations - Diluted |"}
{"_id": "d8efba35a", "title": "", "text": "| Con Edison Con Edison of New York | Shares | Outstanding at 12/31/05 | Granted | Exercised | Forfeited | Outstanding at 12/31/06 | Exercised | Forfeited | Outstanding at 12/31/07 | Exercised | Forfeited | Outstanding at 12/31/08 |"}
{"_id": "d889959ee", "title": "", "text": "| Preferred Shares | December 31Shares in thousands | Authorized | $1 par value | Issued and outstanding | Series B | Series K | Series L | Series O | Series P | Series Q | Total issued and outstanding |"}
{"_id": "d8445e632", "title": "", "text": "| (in basis points) Industry Average | for the fiscal years ended September 30, | Equity | Global/international | United States | Hybrid | Fixed Income | Tax-free | Taxable | Global/international2 | United States | Cash Management |"}
{"_id": "d880b05ea", "title": "", "text": "| Year ended December 31,(inmillions, except headcount) 2007 2006 2005 | Revenue by region | Americas | Europe/Middle East/Africa | Asia/Pacific | Total net revenue | Selected average balances | Total assets | Trading assets–debt and equity instruments(a) | Trading assets–derivative receivables | Loans: | Loans retained(b) | Loans held-for-sale and loans at fair value(a) | Total loans | Adjusted assets(c) | Equity | Headcount |"}
{"_id": "d87bfcb66", "title": "", "text": "| Changes in Unrealized Gains | Total Gains (Losses) | Realized/Unrealized | Included in | Balance- | January 1, | 2008 | (In thousands) | Investment securities available for sale: | U.S. Treasury and federal agencies | Obligations of states and political subdivisions | Government issued or guaranteed mortgage-backed securities | Privately issued residential and commercial mortgage-backed securities | Collateralized debt obligations | Equity securities | 1,313,821 | Other assets and other liabilities |"}
{"_id": "d8d7681ee", "title": "", "text": "| September 30, September 24,  2005  As Restated -1 September 25,  2004  As Restated -1 | 2006 | Net sales | Cost of sales | Gross margin | Gross margin percentage |"}
{"_id": "d8745aca0", "title": "", "text": "RECOURSE AND REPURCHASE OBLIGATIONS As discussed in Note 3 Loan Sale and Servicing Activities and Variable Interest Entities, PNC has sold commercial mortgage, residential mortgage and home equity loans directly or indirectly through securitization and loan sale transactions in which we have continuing involvement.\nOne form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets.\nCOMMERCIAL MORTGAGE LOAN RECOURSE OBLIGATIONS We originate, close and service certain multi-family commercial mortgage loans which are sold to FNMA under FNMAs Delegated Underwriting and Servicing (DUS) program.\nWe participated in a similar program with the FHLMC.\nUnder these programs, we generally assume up to a one-third pari passu risk of loss on unpaid principal balances through a loss share arrangement.\nAt December 31, 2013 and December 31, 2012, the unpaid principal balance outstanding of loans sold as a participant in these programs was $11.7 billion and $12.8 billion, respectively.\nThe potential maximum exposure under the loss share arrangements was $3.6 billion at December 31, 2013 and $3.9 billion at December 31, 2012.\nWe maintain a reserve for estimated losses based upon our exposure.\nThe reserve for losses under these programs totaled $33 million and $43 million as of December 31, 2013 and December 31, 2012, respectively, and is included in Other liabilities on our Consolidated Balance Sheet.\nIf payment is required under these programs, we would not have a contractual interest in the collateral underlying the mortgage loans on which losses occurred, although the value of the collateral is taken into account in determining our share of such losses.\nOur exposure and activity associated with these recourse obligations are reported in the Corporate & Institutional Banking segment.\nTable 152: Analysis of Commercial Mortgage Recourse Obligations"}
{"_id": "d86e9b68e", "title": "", "text": "Each clearing firm is required to deposit and maintain balances in the form of cash, U. S.  government securities, certain foreign government securities, bank letters of credit or other approved investments to satisfy performance bond and guaranty fund requirements.\nAll non-cash deposits are marked-to-market and haircut on a daily basis.\nSecurities deposited by the clearing firms are not reflected in the consolidated financial statements and the clearing house does not earn any interest on these deposits.\nThese balances may fluctuate significantly over time due to investment choices available to clearing firms and changes in the amount of contributions required.\nIn addition, the rules and regulations of CBOT require that collateral be provided for delivery of physical commodities, maintenance of capital requirements and deposits on pending arbitration matters.\nTo satisfy these requirements, clearing firms that have accounts that trade certain CBOT products have deposited cash, U. S.  Treasury securities or letters of credit.\nThe clearing house marks-to-market open positions at least once a day (twice a day for futures and options contracts), and require payment from clearing firms whose positions have lost value and make payments to clearing firms whose positions had gained value.\nThe clearing house has the capability to mark-to-market more frequently as market conditions warrant.\nUnder the extremely unlikely scenario of simultaneous default by every clearing firm who has open positions with unrealized losses, the maximum exposure related to positions other than credit default and interest rate swap contracts would be one half day of changes in fair value of all open positions, before considering the clearing houses’ ability to access defaulting clearing firms’ collateral deposits.\nFor cleared credit default swap and interest rate swap contracts, the maximum exposure related to CME’s guarantee would be one full day of changes in fair value of all open positions, before considering CME’s ability to access defaulting clearing firms’ collateral.\nDuring 2017, the clearing house transferred an average of approximately $2.4 billion a day through the clearing system for settlement from clearing firms whose positions had lost value to clearing firms whose positions had gained value.\nThe clearing house reduces the guarantee exposure through initial and maintenance performance bond requirements and mandatory guaranty fund contributions.\nThe company believes that the guarantee liability is immaterial and therefore has not recorded any liability at December 31, 2017.\nAt December 31, 2016, performance bond and guaranty fund contribution assets on the consolidated balance sheets included cash as well as U. S.  Treasury and U. S.  government agency securities with maturity dates of 90 days or less.\nThe U. S.  Treasury and U. S.  government agency securities were purchased by CME, at its discretion, using cash collateral.\nThe benefits, including interest earned, and risks of ownership accrue to CME.\nInterest earned is included in investment income on the consolidated statements of income.\nThere were no U. S.  Treasury and U. S.  government agency securities held at December 31, 2017.\nThe amortized cost and fair value of these securities at December 31, 2016 were as follows:"}
{"_id": "d874ac604", "title": "", "text": "PART III ITEM 10.\nDIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE For the information required by this Item 10, other than information with respect to our Executive Officers contained at the end of Part I, Item 1 of this report, see “Election Of Directors,” “Nominees for Election to the Board of Directors,” “Corporate Governance” and “Section 16(a) Beneficial Ownership Reporting Compliance,” in the Proxy Statement for our 2016 Annual Meeting, which information is incorporated herein by reference.\nThe Proxy Statement for our 2016 Annual Meeting will be filed within 120 days of the close of our year.\nFor the information required by this Item 10 with respect to our Executive Officers, see Part I, Item 1.  of this report."}
{"_id": "d8aeb4716", "title": "", "text": "| Year Ended December 31, | Dollars in Millions | Cash flow provided by/(used in): | Operating activities | Investing activities | Financing activities |"}
{"_id": "d881638e8", "title": "", "text": "| Plan category Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights-1(a)(b) Weighted-Average Exercise Price of Outstanding Options,Warrants and Rights-2 Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding SecuritiesReflected in Column (a)) (c) | Equity compensation plans approved by security holders | Equity compensation plans not approved by security holders-3 | Total |"}
{"_id": "d88f7b976", "title": "", "text": "| In millions 2013 2012 | January 1 | New nonperforming assets (a) | Charge-offs and valuation adjustments (b) | Principal activity, including paydowns and payoffs | Asset sales and transfers to loans held for sale | Returned to performing status | December 31 |"}
{"_id": "d8c259118", "title": "", "text": "| December 31, 2009 | Assets acquired in loan | Loans | Held-for-sale | (in millions) | Investment Bank | Commercial Banking | Treasury & Securities Services | Asset Management | Corporate/Private Equity | Total | (in millions) | Contractually required paymentsreceivable | (including interest) | Less: Nonaccretable difference | Cash flows expected to becollected(a)(b) | Less: Accretable yield(b)(c) | Fair value of loans acquired | (in millions) | Balance, January 1 | Washington Mutual acquisition(a) | Accretion into interest income | Changes in interest rates onvariable rate loans | Other changes in expected cashflows(b) | Balance, December 31, | Accretable yield percentage |"}
{"_id": "d8c0cb0da", "title": "", "text": "Revisions of previous estimates include the transfer of PUDs to unproved reserve categories as a result of changes in development plans and/or the impact of changes in commodity prices, and the addition of new PUDs arising from current development plans.\nNegative revisions of 177 MMBoe in the US for 2015 included: ?\nthe transfer to unproved reserves of 183 MMBoe due to negative price revisions attributed to low commodity price outlook and negative revisions of 48 MMBoe due to reduced future development activity, primarily in the DJ Basin; offset by: ?54 MMBoe positive revisions primarily in the Marcellus Shale, Eagle Ford Shale and Permian Basin due to current drilling and development plans.\nExtensions, discoveries and other additions include addition of proved reserves through additional drilling or the discovery of new reservoirs in proven fields.\nDuring 2015, we recorded additions of 68 MMBoe and 9 MMBoe in the DJ Basin and Marcellus Shale, respectively, as a result of successful expansion of our extended reach lateral well programs.\nPurchases of minerals included 119 MMBoe and 24 MMBoe in the Eagle Ford Shale and Permian Basin, respectively, as a result of the Rosetta Merger.\nConversion to proved developed reserves primarily included the transfer of 39 MMBoe, 22 MMBoe, 17 MMBoe and 11 MMBoe from the Marcellus Shale, DJ Basin, Eagle Ford Shale and deepwater Gulf of Mexico, respectively.\nIn 2015, we converted 89 MMBoe of US PUDs, or 23% of our 2014 US PUD balance, to developed status.\nBased on our current inventory of identified horizontal well locations and our anticipated rate of drilling and completion activity, we expect our US PUDs as of December 31, 2015 to be converted to proved developed reserves well within a five-year period.\nUS PUDs Locations As of December 31, 2015, our US PUDs included: ?147 MMBoe in the DJ Basin; ?50 MMBoe in the Marcellus Shale; ?102 MMBoe in the Eagle Ford Shale; ?31 MMBoe in the Permian Basin; and ?14 MMBoe in the deepwater Gulf of Mexico primarily associated with the Gunflint project.\nOur PUDs are expected to be recovered from new wells on undrilled acreage or from existing wells where additional capital expenditures are required for completion, such as drilled but uncompleted (DUC) wells.\nAs of December 31, 2015, we had approximately 98 MMBoe of proved undeveloped reserves associated with DUC well locations related to our onshore US operations, approximately one-half of which are in the Marcellus Shale, nearly one-third are in the Eagle Ford Shale and the remainder are in the DJ Basin and Permian Basin.\nInternational PUDs Locations As of December 31, 2015, our international PUDs included: ?70 MMBoe in the Alba field, offshore Equatorial Guinea, all of which have been recorded as PUDs for over five years and are attributable to a sanctioned compression project which is currently under construction and expected to come online mid-2016.\nThese volumes, which will be recovered through existing wells, will be reclassified to proved developed at start-up, currently expected in second quarter 2016; and ?71 MMBoe in Israel primarily in the Tamar and Tamar Southwest fields, including PUDs of 32 MMBoe related to the Tamar Southwest field, which is awaiting government approval of the development plan."}
{"_id": "d8ae62312", "title": "", "text": "| Year ended December 31, | (Dollar amounts in millions, except per share data) | Income statement data: | Revenue | Related parties-2 | Other third parties | Total revenue | Expenses | Restructuring charges | Other operating expenses | Total expenses | Operating income | Total non-operating income (expense) | Income before income taxes | Income tax expense | Net income | Less: Net income (loss) attributable to non-controlling interests | Net income attributable to BlackRock, Inc. | Per share data:-3 | Basic earnings | Diluted earnings | Book value-4 | Common and preferred cash dividends |"}
{"_id": "d878b7dfc", "title": "", "text": "| 2012 2011 2010 | Net income | Shares used to compute basic net income per share | Dilutive potential common shares: | Unvested restricted stock and performance share awards | Stock options | Shares used to compute diluted net income per share | Basic net income per share | Diluted net income per share |"}
{"_id": "d8cf63fc0", "title": "", "text": "| December 31, 2008 | Outstandings | (Dollars in millions) | California | Florida | New York | Texas | Virginia | Other U.S./Foreign | Total residential mortgage loans (excluding SOP 03-3 loans) | Total SOP 03-3 residential mortgage loans-1 | Total residential mortgage loans |"}
{"_id": "d8c95a692", "title": "", "text": "| (Dollars in millions) 2003 2002 Change | External Sales | Volume effect | Price effect | Product mix effect | Exchange rate effect | Interdivisional sales | Operating earnings | Asset impairments and restructuring charges, net |"}
{"_id": "d8e61311c", "title": "", "text": "| December 31 | (Dollars in millions) | By counterparty | Private-label securitization trustees, whole-loan investors, including third-party securitizationsponsors and other-3 | Monolines | GSEs | Total unresolved repurchase claims by counterparty-3 | By product type | Prime loans | Alt-A | Home equity | Pay option | Subprime | Other | Total unresolved repurchase claims by product type-3 |"}
{"_id": "d871e165e", "title": "", "text": "| As at December 31, 2010 2009 | 4.50% Guaranteed Notes due 2014 | 2.75% Guranteed Notes due 2015 | 5.25% Guaranteed Notes due 2013 | 9.75% Senior Notes due 2019-1 | 3.00% Guaranteed Notes due 2013 | 8.625% Senior Notes due 2014-1 | 6.00% Senior Notes due 2016-1 | 6.5% Notes due 2012 | 5.875% Guaranteed Bonds due 2011 | Commercial paper borrowings | Other variable rate debt | 5,504 | Fair value adjustment – hedging | $5,517 |"}
{"_id": "d89ec4982", "title": "", "text": "Effective January 1, 2003, Marathon adopted Statement of Financial Accounting Standards No.146 “Accounting for Exit or Disposal Activities” (“SFAS No.146”).\nSFAS No.146 is effective for exit or disposal activities that are initiated after December 31, 2002.\nThere were no impacts upon the initial adoption of SFAS No.146."}
{"_id": "d891f8424", "title": "", "text": "| Floating rate due December 15, 2015 $500 | Floating rate due December 15, 2016 | 1.20% due December 15, 2016-1 | 2.25% due December 15, 2018 | Discount and issuance costs | Net proceeds |"}
{"_id": "d8acc07fc", "title": "", "text": "| 2016 2015 2014 | United States | China | Other international locations | Total |"}
{"_id": "d8d5af488", "title": "", "text": "| Options Outstanding Weighted-   Average   Exercise Price   Per Share Weighted-   Average   Remaining   Contractual   Term in Years Aggregate   Intrinsic Value | Options outstanding at October 30, 2010 | Options granted | Options exercised | Options forfeited | Options expired | Options outstanding October 29, 2011 | Options exercisable at October 29, 2011 | Options vested or expected to vest October 29, 2011-1 |"}
{"_id": "d8b1f133e", "title": "", "text": "| In billions of dollars Dec. 31, 2017 Sept. 30, 2017 Dec. 31, 2016 | HQLA | Net outflows | LCR | HQLA in excess of net outflows |"}
{"_id": "d8c6f3f8e", "title": "", "text": "| 2009 2008 2007 | Risk-free interest rate | Expected life (years) | Expected volatility |"}
{"_id": "d86e3821e", "title": "", "text": "| Unrecognized tax benefit—January 1, 2008 $7,928 | Ansoft unrecognized tax benefit—acquired July 31, 2008 | Gross increases—tax positions in prior period | Gross decreases—tax positions in prior period | Gross increases—tax positions in current period | Reductions due to a lapse of the applicable statute of limitations | Changes due to currency fluctuation | Settlements | Unrecognized tax benefit—December 31, 2008 |"}
{"_id": "d8f8bc796", "title": "", "text": "| 363 Sale | Total  Obligation | Description of Funding Commitment | Total UST Funding | Total EDC Funding | Total UST and EDC Funding |"}
{"_id": "d8e88e9f0", "title": "", "text": "Table 1 ##\nFor further discussion of the company’s gas operating revenues and its gas results, see “Results of Operations” in Item 7.\nFor additional segment information, see Note N to the financial statements in Item 8.\nGas Peak Demand The gas peak demand for firm service customers in CECONY’s service area occurs during the winter heating season.\nThe daily peak day demand during the winter 2010/2011 (through January 25, 2011) occurred on January 23, 2011 when the demand reached 891 mdths.\nThe 2010/2011 winter demand included an estimated 587 mdths for CECONY’s full-service customers and 304 mdths for customers participating in its gas retail access program.\n“Design weather” for the gas system is a standard to which the actual peak demand is adjusted for evaluation and planning purposes.\nThe company estimates that under design weather conditions the 2011/2012 service area peak demand will be 1,151 mdths, including an estimated 675 mdths for its full-service customers and 475 mdths for its retail access customers.\nThe company forecasts average annual growth of the peak gas demand over the next five years at design conditions to be approximately 1.1 percent in its service area.\nThe forecasted peak demand at design conditions does not include gas used by interruptible gas customers or in generating stations (electricity and steam).\nThe company continues to monitor the potential impact on customer demand from the current economic conditions Gas Supply CECONY and O&R have combined their gas requirements, and contracts to meet those requirements, into a single portfolio.\nThe combined portfolio is administered by, and related management services are provided by, CECONY (for itself and as agent for O&R) and costs are allocated between the Utilities in accordance with provisions approved by the NYSPSC.\nSee Note S to the financial statements in Item 8.\nCharges from suppliers for the firm purchase of gas, which are based on formulas or indexes or are subject to negotiation, are generally designed to approximate market prices.\nThe gas supply contracts are for various terms extending to 2014.\nThe Utilities have contracts with interstate pipeline companies for the purchase of firm transportation from upstream points where gas has been purchased to the Utilities’ distribution systems, and for upstream storage services.\nCharges under these transportation and storage contracts are approved by the FERC.\nSuch contracts are for various terms extending to 2023.\nThe Utilities are required to pay certain fixed charges under the supply, transportation and storage contracts whether or not the contracted capacity is actually used.\nThese fixed charges amounted to approximately $246 million in 2010, including $205 million for CECONY.\nSee “Contractual Obligations” below.\nIn addition, the Utilities purchase gas on the spot market and contract for interruptible gas transportation.\nSee “Recoverable Energy Costs” in Note A to the financial statements in Item 8\nAssumed health care cost trend rates for the U. S.  retiree health care benefit plan as of December 31 are as follows:"}
{"_id": "d88fb4e10", "title": "", "text": "| December 31, 2010 | Fixed Maturity Securities | (In millions) | Outstanding principal and interest balance -1 | Carrying value -2 | Year Ended December 31, 2010 | Fixed Maturity Securities | (In millions) | Contractually required payments (including interest) | Cash flows expected to be collected -1 (2) | Fair value of investments acquired | December 31, | 2010 | (In millions) | Balance Sheet Data -1 | Assets: | General account assets -2 | Separate account assets | Total assets | Liabilities: | Policyholder liabilities and other policy-related balances -3 | Payables for collateral under securities loaned and other transactions | Bank deposits | Short-term debt | Long-term debt -2 | Collateral financing arrangements | Junior subordinated debt securities | Other -2 | Separate account liabilities | Total liabilities | Redeemable noncontrolling interests in partially owned consolidated securities | Equity: | MetLife, Inc.’s stockholders’ equity: | Preferred stock, at par value | Convertible preferred stock, at par value | Common stock, at par value | Additional paid-in capital | Retained earnings | Treasury stock, at cost | Accumulated other comprehensive income (loss) | Total MetLife, Inc.’s stockholders’ equity | Noncontrolling interests | Total equity | Total liabilities and equity | Years Ended December 31, | 2010 | (In millions, except per share data) | Other Data -1, (4) | Net income (loss) available to MetLife, Inc.’s common shareholders | Return on MetLife, Inc.’s common equity | Return on MetLife, Inc.’s common equity, excluding accumulated other comprehensive income (loss) | EPS Data -1, (5) | Income (Loss) from Continuing Operations Available to MetLife, Inc.’s Common Shareholders Per Common Share: | Basic | Diluted | Income (Loss) from Discontinued Operations Per Common Share: | Basic | Diluted | Net Income (Loss) Available to MetLife, Inc.’s Common Shareholders Per Common Share: | Basic | Diluted | Cash Dividends Declared Per Common Share |"}
{"_id": "d88cf8d52", "title": "", "text": "| 2010 $220 | 2011 | 2012 | 2013 | 2014 |"}
{"_id": "d880f1176", "title": "", "text": "| 2009 2010 2011 2012 2013 Thereafter Total | Deferred acquisition payments | Put and call options with affiliates1 | Total contingent acquisition payments | Less cash compensation expense included above | Total |"}
{"_id": "d8e350d26", "title": "", "text": "CITIZENS FINANCIAL GROUP, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 183 The table below summarizes TDRs that defaulted during the years ended December 31, 2014, 2013 and 2012 within 12 months of their modification date.\nFor purposes of this table, a payment default is defined as being past due 90 days or more under the modified terms.\nAmounts represent the loan's recorded investment at the time of payment default.\nLoan data includes loans meeting the criteria that were paid off in full, charged off, or sold prior to December 31, 2014 and 2013.\nIf a TDR of any loan type becomes 90 days past due after being modified, the loan is written down to the fair value of collateral less cost to sell.\nThe amount written off is charged to the ALLL."}
{"_id": "d8c975b18", "title": "", "text": "| In millions 2018 2017 2016 | Net Sales | Operating Profit (Loss) |"}
{"_id": "d88a71016", "title": "", "text": "Award Proceedings in relation to Domination Agreement and Squeeze-Out On October 1, 2004, Celanese GmbH and the Companys subsidiary, BCP Holdings GmbH (BCP Holdings), a German limited liability company, entered into a Domination Agreement pursuant to which the BCP Holdings became obligated to offer to acquire all outstanding Celanese GmbH shares from the minority shareholders of Celanese GmbH in return for payment of fair cash compensation (the Purchaser Offer).\nThe amount of this fair cash compensation was determined to be A41.92 per share in accordance with applicable German law.\nAll minority shareholders who elected not to sell their shares to the BCP Holdings under the Purchaser Offer were entitled to remain shareholders of Celanese GmbH and to receive from the BCP Holdings a gross guaranteed annual payment of A3.27 per Celanese GmbH share less certain corporate taxes in lieu of any dividend.\nAs of March 30, 2005, several minority shareholders of Celanese GmbH had initiated special award proceedings seeking the courts review of the amounts of the fair cash compensation and of the guaranteed annual payment offered in the Purchaser Offer under the Domination Agreement.\nIn the Purchaser Offer, 145,387 shares were tendered at the fair cash compensation of A41.92, and 924,078 shares initially remained outstanding and were entitled to the guaranteed annual payment under the Domination Agreement.\nAs a result of these proceedings, the amount of the fair cash consideration and the guaranteed annual payment paid under the Domination Agreement could be increased by the court so that all minority shareholders, including those who have already tendered their shares in the Purchaser Offer for the fair cash compensation, could claim the respective higher amounts.\nOn December 12, 2006, the court of first instance appointed an expert to assist the court in determining the value of Celanese GmbH.\nOn May 30, 2006 the majority shareholder of Celanese GmbH adopted a squeeze-out resolution under which all outstanding shares held by minority shareholders should be transferred to BCP Holdings for a fair cash compensation of A66.99 per share (the Squeeze-Out).\nThis shareholder resolution was challenged by shareholders but the Squeeze-Out became effective after the disputes were settled on December 22, 2006.\nAward proceedings were subsequently filed by 79 shareholders against BCP Holdings with the Frankfurt District Court requesting the court to set a higher amount for the Squeeze-Out compensation.\nPursuant to a settlement agreement between BCP Holdings and certain former Celanese GmbH shareholders, if the court sets a higher value for the fair cash compensation or the guaranteed payment under the Purchaser Offer or the Squeeze-Out compensation, former Celanese GmbH shareholders who ceased to be shareholders of Celanese GmbH due to the Squeeze-Out will be entitled to claim for their shares the higher of the compensation amounts determined by the court in these different proceedings related to the Purchaser Offer and the Squeeze-Out.\nIf the fair cash compensation determined by the court is higher than the Squeeze-Out compensation of A 66.99, then 1,069,465 shares will be entitled to an adjustment.\nIf the court confirms the value of the fair cash compensation under the Domination Agreement but determines a higher value for the Squeeze-Out compensation, 924,078 shares"}
{"_id": "d8dbe5802", "title": "", "text": "Revenue from AZLP, primarily relating to sales of Nexium and Prilosec, was $463 million in 2014 through the termination date on June 30, 2014, $920 million in 2013 and $915 million in 2012.\nConsumer Care As noted above, on October 1, 2014, the Company divested its Consumer Care segment.\nConsumer Care products included over-the-counter, foot care and sun care products.\nGlobal sales of Consumer Care were $1.5 billion in 2014, $1.9 billion in 2013 and $2.0 billion in 2012."}
{"_id": "d81f2e6b4", "title": "", "text": "Residential mortgages Classification and Valuation  Residential mortgage loans and MBS are classified within level 2 or level 3 of the valuation hierarchy, depending on the level of liquidity and activity in the markets for a particular product.\nLevel 3 assets include nonagency residential whole loans and subordinated nonagency residential MBS.\nProducts that continue to have reliable price transparency as evidenced by consistent market transactions, such as senior nonagency securities, as well as agency securities, are classified in level 2.\nFor those products classified within level 2 of the valuation hierarchy, the Firm estimates the value of such instruments using a combination of observed transaction prices, independent pricing services and relevant broker quotes.\nConsideration is given to the nature of the quotes (e. g. , indicative or firm) and the relationship of recently evidenced market activity to the prices provided from independent pricing services.\nWhen relevant market activity is not occurring or is limited, the fair value is estimated as follows: Residential mortgage loans  Fair value of residential mortgage loans is estimated by projecting the expected cash flows and discounting those cash flows at a rate reflective of current market liquidity.\nTo estimate the projected cash flows (inclusive of assumptions of prepayment, default rates and loss severity), specific consideration is given to both borrower-specific and other market factors, including, but not limited to: the borrowers FICO score; the type of collateral supporting the loan; an estimate of the current value of the collateral supporting the loan; the level of documentation for the loan; and market-derived expectations for home price appreciation or depreciation in the respective geography of the borrower.\nResidential mortgage-backed securities  Fair value of residential MBS is estimated considering the value of the collateral and the specific attributes of the securities held by the Firm.\nThe value of the collateral pool supporting the securities is analyzed using the same techniques and factors described above for residential mortgage loans, albeit in a more aggregated manner across the pool.\nFor example, average FICO scores, average delinquency rates, average loss severities and prepayment rates, among other metrics, may be evaluated.\nIn addition, as each securitization vehicle distributes cash in a manner or order that is predetermined at the inception of the vehicle, the priority in which each particular MBS is allocated cash flows, and the level of credit enhancement that is in place to support those cash flows, are key considerations in deriving the value of residential MBS.\nFinally, the risk premium that investors demand for securitized products in the current market is factored into the valuation.\nTo benchmark its valuations, the Firm looks to transactions for similar instruments and utilizes independ-"}
{"_id": "d8b326af6", "title": "", "text": "PART II Investment in Foreign Subsidiaries The Company views its investment in foreign subsidiaries as a long-term commitment, and does not hedge translation exposures.\nThe investment in a foreign subsidiary may take the form of either permanent capital or notes.\nThe Company’s net investment (i. e. , total assets less total liabilities subject to translation exposure) in foreign subsidiaries at December 31 is as follows:"}
{"_id": "d8c3051d4", "title": "", "text": "| December 31, (in millions) 2005 2004 (c) | Allowance for lending-related commitmentsat January 1 | Addition resulting from the Merger, July 1, 2004 | Provision for lending-related commitments: | Provision excludingaccounting policy conformity | Accounting policy conformity(a) | Total Provision for lending-related commitments | Other | Allowance for lending-related commitmentsat December 31(b) |"}
{"_id": "d87e0e8aa", "title": "", "text": "| 2005 2004 | ($ in millions) | Notes and other long-term assets | Long-term debt and other long-term liabilities | Derivative instruments |"}
{"_id": "d885f411e", "title": "", "text": "| Year Ended December 31, | (dollars in millions) | Service charges and fees | Card fees | Trust and investment services fees | Mortgage banking fees | Capital markets fees | Foreign exchange and letter of credit fees | Bank-owned life insurance income | Securities gains, net | Other income-1 | Noninterest income |"}
{"_id": "d8f458fc4", "title": "", "text": "| December 31 | Outstandings | (Dollars in millions) | California | Florida | Texas | New York | New Jersey | Other U.S. | Total credit card – domestic loan portfolio |"}
{"_id": "d888b5a42", "title": "", "text": "| For the year ended December 31, | 2007 | (in millions) | Proceeds from new securitizations | Servicing fees received | Other cash flows received on retained interests |"}
{"_id": "d88eb2ad0", "title": "", "text": "?\nOn March 6, 2018, Discovery acquired Scripps Networks.\nScripps Networks is a wholly-owned subsidiary whose total assets and total revenues represented approximately 55% and 29%, respectively, of the Companys related consolidated financial statement amounts as of and for the year ended December 31, 2018.\nOn April 30, 2018, Discovery sold an 88% controlling equity stake in its Education Business to Francisco Partners for a sale price of $113 million.\nThe Company recorded a gain of $84 million based on net assets disposed of $44 million, including $40 million of goodwill.\n(See Note 3 to the accompanying consolidated financial statements. )\nFor the year ended December 31, 2018, Discovery has incurred transaction and integration costs for the Scripps Networks acquisition of $110 million."}
{"_id": "d885d2f82", "title": "", "text": "The Company provides limited postemployment benefits to eligible former U. S.  employees, primarily severance under a formal severance plan (the “Severance Plan”).\nThe Company accounts for severance expense by accruing the expected cost of the severance benefits expected to be provided to former employees after employment over their relevant service periods.\nThe Company updates the assumptions in determining the severance accrual by evaluating the actual severance activity and long-term trends underlying the assumptions.\nAs a result of updating the assumptions, the Company recorded incremental severance expense (benefit) related to the Severance Plan of $3,471, $2,643 and $(3,418), respectively, during the years 2009, 2008 and 2007.\nThese amounts were part of total severance expenses of $135,113, $32,997 and $21,284 in 2009, 2008 and 2007, respectively, included in general and administrative expenses in the accompanying consolidated statements of operations.\nNote 14.\nDebt On April 28, 2008, the Company extended its committed unsecured revolving credit facility, dated as of April 28, 2006 (the “Credit Facility”), for an additional year.\nThe new expiration date of the Credit Facility is April 26, 2011.\nThe available funding under the Credit Facility will remain at $2,500,000 through April 27, 2010 and then decrease to $2,000,000 during the final year of the Credit Facility agreement.\nOther terms and conditions in the Credit Facility remain unchanged.\nThe Company’s option to request that each lender under the Credit Facility extend its commitment was provided pursuant to the original terms of the Credit Facility agreement.\nBorrowings under the facility are available to provide liquidity in the event of one or more settlement failures by MasterCard International customers and, subject to a limit of $500,000, for general corporate purposes.\nThe facility fee and borrowing cost are contingent upon the Company’s credit rating.\nAt December 31, 2009, the facility fee was 7 basis points on the total commitment, or approximately $1,774 annually.\nInterest on borrowings under the Credit Facility would be charged at the London Interbank Offered Rate (LIBOR) plus an applicable margin of 28 basis points or an alternative base rate, and a utilization fee of 10 basis points would be charged if outstanding borrowings under the facility exceed 50% of commitments.\nAt the inception of the Credit Facility, the Company also agreed to pay upfront fees of $1,250 and administrative fees of $325, which are being amortized over five years.\nFacility and other fees associated with the Credit Facility totaled $2,222, $2,353 and $2,477 for each of the years ended December 31, 2009, 2008 and 2007, respectively.\nMasterCard was in compliance with the covenants of the Credit Facility and had no borrowings under the Credit Facility at December 31, 2009 or December 31, 2008.\nThe majority of Credit Facility lenders are members or affiliates of members of MasterCard International.\nIn June 1998, MasterCard International issued ten-year unsecured, subordinated notes (the “Notes”) paying a fixed interest rate of 6.67% per annum.\nMasterCard repaid the entire principal amount of $80,000 on June 30, 2008 pursuant to the terms of the Notes.\nThe interest expense on the Notes was $2,668 and $5,336 for each of the years ended December 31, 2008 and 2007, respectively."}
{"_id": "d88d9aa8a", "title": "", "text": "| ($ in millions) Total 2012 2013 - 2014 2015 - 2016 2017 and beyond | Long-term debt | Interest payments on long-term debt -1 | Operating leases | Purchase obligations -2 | Other long-term liabilities -3 | Total contractual obligations |"}
{"_id": "d8d1462de", "title": "", "text": "| 2017 2016 | Long-term contracts in progress | Commercial aircraft programs | Commercial spare parts, used aircraft, general stock materials and other | Inventory before advances and progress billings | Less advances and progress billings | Total |"}
{"_id": "d8f7cdef2", "title": "", "text": "| Payments Due by Period | (In millions) | Long-Term Debt, including current portion,excluding capital lease obligations-1 | Operating lease obligations-2 | Capital lease obligations-3 | Purchase obligations and other-4 -5 (6) | Total |"}
{"_id": "d8b4b05e8", "title": "", "text": "| Payments Due by Period | December 31, 2015 | (In millions) | Debt (a) | Operating leases | Claim and claim adjustment expense reserves (b) | Future policy benefits reserves (c) | Rig construction contracts | Purchase and other obligations | Total (d) | Statutory Capital and Surplus December 31 | 2015 (a) | (In millions) | Combined Continental Casualty Companies | Life company |"}
{"_id": "d8eaabab2", "title": "", "text": "The increase in gross margin was due to higher volumes for all businesses, increased aftertreatment content on 2010 North American truck engines and efficiencies gained from restructuring actions partially offset by higher commodity costs and warranty expenses.\nThe increase in selling, general and administrative expenses and research, development and engineering expenses were primarily due to increased variable compensation which resulted from the segments strong performance; other people costs and new product development program spending.\nThe increase in equity, royalty and interest income from investees was driven by improved joint venture income from the filtration business in China and India."}
{"_id": "d87882954", "title": "", "text": "| Years Ended December 31, | 2013 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d81922ae0", "title": "", "text": "| Year ended December 31, 2014 Year ended December 31, 2013 | As Reported | Net earnings | Deferred income tax provision | Changes in operating assets and liabilities, net of effect of acquisitions: | Income taxes payable | Inventories | Accounts payable and accrued expenses | Other assets and liabilities |"}
{"_id": "d8bd86ce4", "title": "", "text": "| Fair Value Note 2 Page 130 | Investment Securities | Loans and Leases | Goodwill and Other Intangible Assets | Contingencies | Variable Interest Entities | Equity-Based Compensation | Regulatory Capital | Derivative Financial Instruments | Income Taxes | Earnings Per Common Share |"}
{"_id": "d8b0de3de", "title": "", "text": "The Company and its subsidiaries are routinely examined by various taxing authorities.\nThe Internal Revenue Service (“IRS”) has initiated examinations of certain of the Company’s Federal income tax returns for the years 2006 and 2007.\nIn addition, the Company has subsidiaries in Germany, Canada, France, and various other states, provinces and countries that are currently under audit for years ranging from 2001 through 2007.\nTo date, there have been no adjustments associated with in-process or recently settled audits that would have a material impact on the Company’s financial position or results of operations.\nThe Company files numerous consolidated and separate income tax returns in the United States Federal jurisdiction and in many state and foreign jurisdictions.\nWith few exceptions, the Company is no longer subject to U. S.  Federal income tax examinations for years before 2004 and is no longer subject to state, local and foreign income tax examinations by tax authorities for years before 2001."}
{"_id": "d825e6b32", "title": "", "text": "| December 1, 2013 December 31, 2013 December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 | Allegion plc | S&P 500 | S&P 400 Capital Goods |"}
{"_id": "d89aed354", "title": "", "text": "| Year Ended December | $ in millions | Fixed Income, Currency and Commodities Client Execution | Equities client execution1 | Commissions and fees | Securities services | Total Equities | Total net revenues | Operating expenses | Pre-tax earnings |"}
{"_id": "d8e8fa006", "title": "", "text": "| Segment | Private client group | (in thousands) | Goodwill at September 30, 2012 | Additions-1 | Impairment losses-2 | Goodwill at September 30, 2013 | Impairment losses | Goodwill at September 30, 2014 |"}
{"_id": "d865bf02e", "title": "", "text": "LIQUIDITY AND CAPITAL RESOURCES Liquidity Sources of Cash Historically, we have generated a significant amount of cash from operations.\nDuring the year ended December 31, 2017, we funded our working capital needs primarily through cash flows from operations.\nAs of December 31, 2017, we had $7.3 billion of cash and cash equivalents on hand.\nWe maintain an effective Registration Statement on Form S-3 that allows us to conduct registered offerings of securities, including debt securities, common stock and preferred stock.\nAccess to sufficient capital from the public market is not assured.\nclosing price of our common stock on December 31, 2009, which would have been received by the option holders had all option holders exercised their options as of that date.\nThis amount changes based upon the fair market value of our common stock.\nThe total intrinsic value of stock options exercised was $27.2 million, $33.5 million and $52.4 million during the years ended December 31, 2009, 2008 and 2007, respectively.\nNote 6."}
{"_id": "d8d5ff050", "title": "", "text": "| Total Less than1 year 1-3 years 3-5 years More than5 years | Long-term debt-1 | Operating leases-2 | Ship construction contracts-3 | Port facilities-4 | Interest-5 | Other-6 | Total |"}
{"_id": "d861be182", "title": "", "text": "Other revenues increased $18 million, or 5%, to $410 million for the year ended December 31, 2013 compared to $392 million for the prior year primarily due to an $18 million unfavorable impact from unlocking for the year ended December 31, 2013 compared to a $41 million unfavorable impact in the prior year.\nThe primary driver of the unlocking impact to other revenues in both periods was lower projected gains on reinsurance contracts resulting from favorable mortality experience."}
{"_id": "d8c93dc9a", "title": "", "text": "| Increase (Decrease) | Stock-based compensation expense* | Income before income taxes | Income tax (benefit) | Net income | Cash flow from operations | Cash flow from financing activities | Basic earnings per share | Diluted earnings per share | * No stock option expense was capitalized. |"}
{"_id": "d884f264e", "title": "", "text": "| Year Ended December 31, | (in millions) | Net periodic pension (income) cost | Net actuarial (gain) loss | Amortization of prior service credit | Amortization of net actuarial loss | Settlement | Divestiture | Total recognized in other comprehensive income | Total recognized in net periodic pension cost and other comprehensive income |"}
{"_id": "d8c6c17b4", "title": "", "text": "Financial Strength Ratings.\nThe following table shows the current financial strength ratings of the Companys operating subsidiaries as reported by A. M.  Best, Standard & Poors and Moodys.\nThese ratings are based upon factors of concern to policyholders and should not be considered an indication of the degree or lack of risk involved in a direct or indirect equity investment in an insurance or reinsurance company.\nAll of the below-mentioned ratings are continually monitored and revised, if necessary, by each of the rating agencies.\nThe ratings presented in the following table were in effect as of February 10, 2017.\nThe Company believes that its ratings are important as they provide the Companys customers and its investors with an independent assessment of the Companys financial strength using a rating scale that provides for relative comparisons.\nStrong financial ratings are particularly important for reinsurance companies.\nCeding companies must rely on their reinsurers to pay covered losses well into the future.\nAs a result, a highly rated reinsurer is generally preferred."}
{"_id": "d8a266e8c", "title": "", "text": "For further discussion of the company’s gas operating revenues and its gas results, see “Results of Operations” in Item 7.\nFor additional segment information, see Note N to the financial statements in Item 8.\nGas Peak Demand The gas peak demand for firm service customers in O&R’s service area occurs during the winter heating season.\nThe daily peak day demand during the winter 2009/2010 (through January 31, 2010) occurred on January 3, 2010 when the demand reached 169 mdths.\nThe 2009/2010 winter demand included an estimated 81 mdths for O&R’s full-service customers and 88 mdths for customers participating in its gas retail access program.\n“Design weather” for the gas system is a standard t which the actual peak demand is adjusted for evaluation and planning purposes.\nThe company estimates that under design weather conditions the 2010/2011 service area peak demand will be 216 mdths, including an estimated 101 mdths for its full- service customers and 115 mdths for its retail access customers.\nThe company forecasts average annual growth of the peak gas demand over the next five years at design conditions to be approximately 0.6 percent in the company’s service area.\nThe forecasted peak demand at design conditions does not include gas used by interruptible gas customers or in generating stations.\nThe company continues to monitor the potential impact on customer demand from the continuing difficult economic conditions."}
{"_id": "d863ab88c", "title": "", "text": "| December 31, 2011 December 31, 2010 | Amortized  Cost | AAA | AA | A | BBB | BB & below | Total |"}
{"_id": "d8f1dae78", "title": "", "text": "| (Dollars in millions) Fiscal2013 Fiscal2012 Fiscal2011 2013-2012% Change 2012-2011% Change | Product revenue | Service and other revenue | Total segment revenue | % of total revenue | Segment operating income | % of related revenue |"}
{"_id": "d81f93492", "title": "", "text": "| For the Years Ended December 31, | 2007 | Variable portion of variable annuity | Fixed portion of variable annuity | Total variable annuity | Fixed annuity | Alliance Mutual Fund | Total annuity and Alliance | COLI and BOLI | Total deposits |"}
{"_id": "d89d0b0dc", "title": "", "text": "Plan Assets.\nOur pension plan assets are held in trust and a fiduciary committee sets the investment policies and strategies.\nLongterm strategic investment objectives include achieving reasonable returns while prudently balancing risk and return, and controlling costs.\nWe target allocating approximately 75% of plan assets to equity and equity-related instruments and approximately 25% to fixed income securities.\nEquity securities are currently composed of mutual funds that include highly diversified investments in large-, mid- and small-cap companies located in the United States and internationally.\nThe fixed income securities are composed of mutual funds that include investments in debt securities, mortgage-backed securities, corporate bonds and other debt obligations primarily in the United States.\nWe do not expect any plan assets to be returned to us during fiscal 2017.\nThe fair values of the plans assets are provided by the plans trustee and the investment managers.\nWithin the fair value hierarchy (see Note 6), the mutual funds are classified as Level 1 as quoted active market prices for identical assets are used to measure fair value.\nThe collective funds are public investment vehicles valued using a net asset value (NAV).\nThe collective funds may be liquidated with minimal restrictions and are classified as Level 2."}
{"_id": "d8c37cd92", "title": "", "text": "| (In millions) Level 1 Level 2 Level 3 Total | Short-term investment funds | Government and agency securities | Equity securities | Debt instruments | Commingled funds | Insurance contracts | Limited partnerships and hedge fund investments | Total |"}
{"_id": "d880433a0", "title": "", "text": "| Shares Weighted Average Grant-date Fair Value | Non-vested shares at January 1 | Granted | Deferred | Vested | Forfeited | Non-vested shares at December 31 |"}
{"_id": "d82c60742", "title": "", "text": "CONSOLIDATED INCOME STATEMENT REVIEW Our Consolidated Income Statement is presented in Item 8 of this Report.\nNet income for 2017 was $5.4 billion, or $10.36 per diluted common share, an increase of 35% compared with $4.0 billion, or $7.30 per diluted common share, for 2016.\nHigher net income was driven by an 8% increase in total revenue and a tax benefit from the new federal tax legislation, partially offset by a 10% increase in noninterest expense.\nRevenue growth resulted from a 9% increase in net interest income and a 7% increase in noninterest income.\nNet Interest Income Table 1: Summarized Average Balances and Net Interest Income (a)\n(a) Interest income calculated as taxable-equivalent interest income.\nTo provide more meaningful comparisons of interest income and yields for all interest-earning assets, as well as net interest margins, we use interest income on a taxable-equivalent basis in calculating average yields and net interest margins by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments.\nThis adjustment is not permitted under GAAP on the Consolidated Income Statement.\nFor more information, see Reconciliation of Taxable-Equivalent Net Interest Income in the Statistical Information (Unaudited) section in Item 8 of this Report.\nChanges in net interest income and margin result from the interaction of the volume and composition of interest-earning assets and related yields, interest-bearing liabilities and related rates paid, and noninterest-bearing sources of funding.\nSee the Statistical Information (Unaudited)  Average Consolidated Balance Sheet And Net Interest Analysis and Analysis Of Year-To-Year Changes In Net Interest Income in Item 8 of this Report.\nNet interest income increased $717 million, or 9%, in 2017 compared with 2016 due to increases in loan and securities balances and yields, partially offset by an increase in borrowing and deposit costs.\nNet interest margin increased largely reflecting the benefit to loans and securities yields from higher interest rates in 2017.\nAverage investment securities increased $3.0 billion, or 4%, reflecting net purchases of U. S.  Treasury and government agency securities of $2.9 billion and agency residential mortgage-backed securities of $2.8 billion, partially offset by declines in average commercial mortgage-backed securities of $1.6 billion and non-agency residential mortgage-backed securities of $.8 billion.\nTotal investment securities were 23% of average interest-earning assets in both 2017 and 2016.\nAverage loans grew by $8.5 billion, or 4%, reflecting an increase in average commercial lending of $8.4 billion driven by broad-based growth in our Corporate Banking, Real Estate, Equipment Finance and Business Credit businesses in our Commercial & Institutional Banking segment.\nGrowth in Equipment Finance included the impact of the acquisition of a commercial and vendor finance business with $1.0 billion of loans and leases in the second quarter of 2017.\nAverage consumer lending increased $.1 billion in the comparison, as growth in average residential real estate, automobile and credit card loans was substantially offset by declines in average home equity and education loans.\nThese declines reflected run-off in the non-strategic consumer loan portfolios of brokered home equity and government guaranteed education loans.\nAverage loans represented 67% of average interestearning assets in 2017 compared to 66% in 2016.\nAverage total deposits increased $7.2 billion, or 3%, primarily due to growth in average interest-bearing deposits of $6.7 billion, or 4%, driven by higher average savings deposits of $13.1 billion.\nThis increase reflected a shift, in part, to relationship-based savings products from money market deposits, which decreased $9.2 billion.\nAdditionally, average interest-bearing demand deposits grew $4.3 billion, mainly"}
{"_id": "d8a49a168", "title": "", "text": "| (dollar amounts in millions) Percentage Change | for the fiscal years ended September 30, | Asset-based expenses | Sales-based expenses | Amortization of deferred sales commissions | Sales, Distribution and Marketing |"}
{"_id": "d883874b2", "title": "", "text": "| Year ended December 31, | (Dollars in thousands) | Allowance for loan losses balance, beginning of year | Charge-offs: | Commercial loans: | Software | Hardware | Venture capital/private equity | Life science | Premium wine | Other | Total commercial loans | Consumer loans | Total charge-offs | Recoveries: | Commercial loans: | Software | Hardware | Venture capital/private equity | Life science | Premium wine | Other | Total commercial loans | Consumer loans | Total recoveries | Provision for loan losses | Allowance for loan losses balance, end of year | December 31, | 2011 | (Dollars in thousands) | Commercial loans: | Software | Hardware | Venture capital/private equity | Life science | Premium wine | Other | Total commercial loans | Consumer loans | Total |"}
{"_id": "d88212b5e", "title": "", "text": "| 2013 2012 | Low | Discount rate | Exit capitalization rate | Lease-up period (months) | Net rental rate per square foot - Industrial | Net rental rate per square foot - Medical Office |"}
{"_id": "d81907196", "title": "", "text": "| (in millions) 2018 2019 2020 2021 2022 Thereafter-1 Total | Contractual obligations and commitments-1: | Long-term borrowings-2: | Principal | Interest | Operating leases | Purchase obligations | Investment commitments | Total contractual obligations and commitments | Contingent obligations: | Contingent payments related to business acquisitions-3 | Total contractual obligations, commitments andcontingent obligations-4 |"}
{"_id": "d88552300", "title": "", "text": "| By remaining contractual maturity at December 31, 2004 Under 1 year After 5 years 2004  total 2003 total(g) | (in millions) | Parent company | Senior debt:(a) | Variable rate | Interest rates(b) | Subordinated debt: | Variable rate | Interest rates(b) | Subtotal | Subsidiaries | Senior debt:(a) | Variable rate | Interest rates(b) | Subordinated debt: | Variable rate | Interest rates(b) | Subtotal | Total long-term debt | FIN 46R long-term beneficial interests:(c) | Fixed rate | Variable rate | Interest rates(b) | Total FIN 46R long-term beneficial interests |"}
{"_id": "d88a37aaa", "title": "", "text": "| 2013 2012 2011 | Cash, cash equivalents and marketable securities | Property, plant and equipment, net | Long-term debt | Working capital | Cash generated by operating activities | Cash used in investing activities | Cash generated/(used in) by financing activities |"}
{"_id": "d8c3580c8", "title": "", "text": "| As of December 31, | 2007 | (in millions) | Balance Sheet Data: | Total investments excluding policy loans | Separate account assets | Total assets | Future policy benefits and policyholders’ account balances | Separate account liabilities | Short-term debt | Long-term debt | Total liabilities | Stockholders’ equity-2 |"}
{"_id": "d870a7824", "title": "", "text": "| Qualified Defined Benefit Pension Plans(a) Retiree Medical and Life Insurance Plans | 2014 | Service cost | Interest cost | Expected return on plan assets | Recognized net actuarial losses | Amortization of net prior service (credit) cost | Total net periodic benefit cost |"}
{"_id": "d8b96318a", "title": "", "text": "| Dollars in millions December 31 2017 December 31 2016 | Nonperforming loans | Total commercial lending | Total consumer lending (a) | Total nonperforming loans | OREO, foreclosed and other assets | Total nonperforming assets | Nonperforming loans to total loans | Nonperforming assets to total loans,OREO, foreclosed and other assets | Nonperforming assets to total assets | Interest on nonperforming loans (b) | Computed on original terms | Recognized prior to nonperformingstatus | Target Allocation Range | PNC Pension Plan | Asset Category | Domestic Equity | International Equity | Private Equity | Total Equity | Domestic Fixed Income | High Yield Fixed Income | Total Fixed Income | Real estate | Other | Total |"}
{"_id": "d88ac73bc", "title": "", "text": "| December 31, | (Dollars in thousands) | Commitments available for funding: -1 | Fixed interest rate commitments | Variable interest rate commitments | Total commitments available for funding | Commitments unavailable for funding -2 | Maximum lending limits for accounts receivable factoring arrangements -3 | Reserve for unfunded credit commitments |"}
{"_id": "d8ca1cce2", "title": "", "text": "| 2015 2016 and 2017 2018 and 2019 After 2019 Total | Long Term Debt -1 | Interest Payments -2 | Consolidated Capital Expenditure Commitments -3 | Lease Commitments -4 |"}
{"_id": "d8a7a804e", "title": "", "text": "| 2011 2010 | Sundry assets | Notes receivable (see Note H) | Deferred taxes (see Note N) | Pension plan assets (see Note M) | Assets held for sale | Other | $67.3 | Accrued expenses | Workers’ compensation, medical, auto and product liability | Wages and commissions payable | Sales promotions | General taxes, excluding income taxes | Accrued interest | Other | $209.6 | Other current liabilities | Dividends payable | Outstanding checks in excess of book balances | Derivative financial instruments (see Note S) | Other | $117.3 | Other long-term liabilities | Liability for pension benefits (see Note M) | Reserves for tax contingencies (see Note N) | Deferred compensation | Other | $130.3 |"}
{"_id": "d8ac21a58", "title": "", "text": "| Fair Value Carrying Value | At December 31, | Current portion of long-term debt | Long-term debt | Total |"}
{"_id": "d88d0bb64", "title": "", "text": "| Con Edison Con Edison of New York | (Millions of Dollars) | Deferred tax liabilities: | Depreciation | Regulatory liability – future income tax | Unrecognized pension and other postretirement costs – SFAS No. 158 | State income tax | Capitalized overheads | Other | Total deferred tax liabilities | Deferred tax assets: | Unrecognized pension and other postretirement costs – SFAS No. 158 | Regulatory asset – future income tax | State income tax | Other | Total deferred tax assets | Net Liabilities | Investment Tax Credits | Deferred Income Taxes and Investment Tax Credits | Deferred Income Taxes – Recoverable Energy Costs | Total Deferred Income Taxes and Investment Tax Credits |"}
{"_id": "d8cc919be", "title": "", "text": "| December 31, 2011 | (Dollars in millions) | Notional amount of credit extension commitments | Loan commitments | Home equity lines of credit | Standby letters of credit and financial guarantees-1 | Letters of credit | Legally binding commitments | Credit card lines-2 | Total credit extension commitments | December 31, 2010 | Notional amount of credit extension commitments | Loan commitments | Home equity lines of credit | Standby letters of credit and financial guarantees-1 | Letters of credit-3 | Legally binding commitments | Credit card lines-2 | Total credit extension commitments |"}
{"_id": "d867e9b56", "title": "", "text": "Free Cash Flow Free cash flow represents cash provided by (used in) operating activities less capital expenditures.\nWe believe free cash flow is a useful measure for investors to consider.\nFree cash flow is not a measure of financial performance under GAAP, and may not be defined and calculated by other companies in the same manner.\nThis measure should not be considered in isolation, as a measure of residual cash flow available for discretionary purposes, or as an alternative to operating results presented in accordance with GAAP as indicators of performance.\nThe table below reconciles net cash provided by (used in) operating activities to free cash flow:"}
{"_id": "d8f5a2240", "title": "", "text": "Item 7.\nManagements Discussion and Analysis of Financial Condition and Results of Operations Results of Operations  CNA Financial  (Continued) reinsurance treaties of $26.0 million in 2004 as compared with 2003.\nThe 2003 ceded premiums were principally driven by the unfavorable net prior year reserve development in 2003.\nSpecialty Lines averaged rate increases of 9.0% and 29.0% in 2004 and 2003 for the contracts that renewed during those periods.\nRetention rates of 83.0% and 81.0% were achieved for those contracts that were up for renewal.\nNet income increased $308.8 million in 2004 as compared with 2003.\nThis increase was due primarily to increased net operating income, partially offset by a decrease in realized investment gains.\nSee the Investments section of this MD&A for further discussion on net realized investment gains.\nNet operating results improved $325.9 million in 2004 as compared with 2003.\nThis improvement, after tax and minority interest, was due primarily to decreased unfavorable net prior year development of $156.1 million, a decrease in the bad debt provision for reinsurance receivables of $71.2 million, a decrease in certain insurance related assessments of $7.3 million, and increased net investment income.\nThese improvements were partially offset by increased catastrophe losses in 2004.\nThe impact of catastrophes was $10.0 million and $2.7 million, after tax and minority interest, in 2004 and 2003, as discussed below.\nSee the Investments section of this MD&A for further discussion on net investment income.\nThe combined ratio decreased 27.8 points in 2004 as compared with 2003.\nThe loss ratio decreased 26.3 points due principally to decreased unfavorable net prior year development of $264.0 million, a $120.0 million decrease in bad debt reserves for uncollectible reinsurance and an improvement in the current net accident year loss ratio.\nThese favorable impacts to the loss ratio were partially offset by increased catastrophe losses.\nCatastrophe losses of $15.0 million and $4.0 million were recorded in 2004 and 2003.\nThe increased catastrophe losses in 2004 were due to $12.0 million of losses resulting from Hurricanes Charley, Frances, Ivan and Jeanne.\nUnfavorable net prior year development was $30.0 million, including $58.0 million of unfavorable claim and allocated claim adjustment expense and $28.0 million of favorable premium development, in 2004.\nUnfavorable net prior year development of $294.0 million, including $257.0 million of unfavorable claim and allocated claim adjustment expense development and $37.0 million of unfavorable premium development, was recorded for the same period in 2003.\nFurther information on Specialty Lines Net Prior Year Development for 2004 and 2003 is included in Note 9 of the Notes to Consolidated Financial Statements included under Item 8.\nThe expense ratio decreased 1.5 points primarily due to the increased earned premium base and a decrease of $12.0 million in certain insurance related assessments recorded in 2003.\nIn addition, the expense ratio was favorably impacted by decreased underwriting expenses due to CNAs expense initiatives."}
{"_id": "d867d8cfc", "title": "", "text": "MORGAN STANLEY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) Senior debt securities often are denominated in various non-U.\nS.  dollar currencies and may be structured to provide a return that is equity-linked, credit-linked, commodity-linked or linked to some other index (e. g. , the consumer price index).\nSenior debt also may be structured to be callable by the Company or extendible at the option of holders of the senior debt securities.\nDebt containing provisions that effectively allow the holders to put or extend the notes aggregated $2,902 million at December 31, 2015 and $2,175 million at December 31, 2014.\nIn addition, in certain circumstances, certain purchasers may be entitled to cause the repurchase of the notes.\nThe aggregated value of notes subject to these arrangements was $650 million at December 31, 2015 and $551 million at December 31, 2014.\nSubordinated debt and junior subordinated debentures generally are issued to meet the capital requirements of the Company or its regulated subsidiaries and primarily are U. S.  dollar denominated.\nDuring 2015, Morgan Stanley Capital Trusts VI and VII redeemed all of their issued and outstanding 6.60% Capital Securities, respectively, and the Company concurrently redeemed the related underlying junior subordinated debentures.\nSenior DebtStructured Borrowings.\nThe Companys index-linked, equity-linked or credit-linked borrowings include various structured instruments whose payments and redemption values are linked to the performance of a specific index (e. g. , Standard & Poors 500), a basket of stocks, a specific equity security, a credit exposure or basket of credit exposures.\nTo minimize the exposure resulting from movements in the underlying index, equity, credit or other position, the Company has entered into various swap contracts and purchased options that effectively convert the borrowing costs into floating rates based upon LIBOR.\nThe Company generally carries the entire structured borrowings at fair value.\nThe swaps and purchased options used to economically hedge the embedded features are derivatives and also are carried at fair value.\nChanges in fair value related to the notes and economic hedges are reported in Trading revenues.\nSee Note 3 for further information on structured borrowings.\nSubordinated Debt and Junior Subordinated Debentures.\nIncluded in the long-term borrowings are subordinated notes of $10,404 million having a contractual weighted average coupon of 4.45% at December 31, 2015 and $8,339 million having a contractual weighted average coupon of 4.57% at December 31, 2014.\nJunior subordinated debentures outstanding by the Company were $2,870 million at December 31, 2015 having a contractual weighted average coupon of 6.22% at December 31, 2015 and $4,868 million at December 31, 2014 having a contractual weighted average coupon of 6.37% at December 31, 2014.\nMaturities of the subordinated and junior subordinated notes range from 2022 to 2067, while maturities of certain junior subordinated debentures can be extended to 2052 at the Companys option.\nAsset and Liability Management.\nIn general, securities inventories that are not financed by secured funding sources and the majority of the Companys assets are financed with a combination of deposits, short-term funding, floating rate long-term debt or fixed rate long-term debt swapped to a floating rate.\nFixed assets are generally financed with fixed rate long-term debt.\nThe Company uses interest rate swaps to more closely match these borrowings to the duration, holding period and interest rate characteristics of the assets being funded and to manage interest rate risk.\nThese swaps effectively convert certain of the Companys fixed rate borrowings into floating rate obligations.\nIn addition, for non-U.\nS.  dollar currency borrowings that are not used to fund assets in the same currency, the Company has entered into currency swaps that effectively convert the borrowings into U. S.  dollar obligations.\nThe Companys use of swaps for asset and liability management affected its effective average borrowing rate."}
{"_id": "d864c9296", "title": "", "text": "| Years ended December 31, 2008 2007 2006 | Average Balance | (Dollars in millions; fully taxable-equivalent basis) | Federal funds sold and securities purchased under resale agreements | Investment securities | Investment securities purchased under AMLF-1 | Loans and leases-2 | Other | Total interest-earning assets | Deposits | Short-term borrowings under AMLF-1 | Other short-term borrowings | Long-term debt | Total interest-bearing liabilities | Interest-rate spread | Net interest revenue - fully taxable-equivalent basis-3 | Net interest margin - fully taxable-equivalent basis | Net interest revenue—GAAP basis |"}
{"_id": "d8865da42", "title": "", "text": "| 2010 $84 | 2011 | 2012 | 2013 | 2014 | Thereafter |"}
{"_id": "d88791be8", "title": "", "text": "15.\nLeases In January 1996, the Company entered into a lease agreement with an unrelated third party for a new corporate office facility, which the Company occupied in February 1997.\nIn May 2004, the Company entered into the first amendment to this lease agreement, effective January 1, 2004.\nThe lease was extended from an original period of 10 years, with an option for five additional years, to a period of 18 years from the inception date, with an option for five additional years.\nThe Company incurred lease rental expense related to this facility of $1.3 million in 2008, 2007 and 2006.\nThe future minimum lease payments are $1.4 million per annum from January 1, 2009 to December 31, 2014.\nThe future minimum lease payments from January 1, 2015 through December 31, 2019 will be determined based on prevailing market rental rates at the time of the extension, if elected.\nThe amended lease also provided for the lessor to reimburse the Company for up to $550,000 in building refurbishments completed through March 31, 2006.\nThese amounts have been recorded as a reduction of lease expense over the remaining term of the lease.\nThe Company has also entered into various noncancellable operating leases for equipment and office space.\nOffice space lease expense totaled $9.3 million, $6.3 million and $4.7 million for the years ended December 31, 2008, 2007 and 2006, respectively.\nFuture minimum lease payments under noncancellable operating leases for office space in effect at December 31, 2008 are $8.8 million in 2009, $6.6 million in 2010, $3.0 million in 2011, $1.8 million in 2012 and $1.1 million in 2013.16.\nRoyalty Agreements The Company has entered into various renewable, nonexclusive license agreements under which the Company has been granted access to the licensors technology and the right to sell the technology in the Companys product line.\nRoyalties are payable to developers of the software at various rates and amounts, which generally are based upon unit sales or revenue.\nRoyalty fees are reported in cost of goods sold and were $6.3 million, $5.2 million and $3.9 million for the years ended December 31, 2008, 2007 and 2006, respectively.17.\nGeographic Information Revenue to external customers is attributed to individual countries based upon the location of the customer.\nRevenue by geographic area is as follows:"}
{"_id": "d88387340", "title": "", "text": "| Current assets $1,922 | Long-term assets | Identifiable intangible assets | Total liabilities assumed | Total identifiable net assets | Goodwill | Net assets acquired |"}
{"_id": "d886121d2", "title": "", "text": "| Year ended December 31 – dollars in millions 2017 2016 2015 2014 2013 | Allowance for loan and lease losses – January 1 | Gross charge-offs | Commercial | Commercial real estate | Equipment lease financing | Home equity | Residential real estate | Credit card | Other consumer | Total charge-offs | Recoveries | Commercial | Commercial real estate | Equipment lease financing | Home equity | Residential real estate | Credit card | Other consumer | Total recoveries | Net charge-offs | Provision for credit losses | Net decrease / (increase) in allowance for unfunded loan commitments and letters of credit | Other (a) | Allowance for loan and lease losses – December 31 | Allowance as a percentage of December 31: | Loans (a) | Nonperforming loans | As a percentage of average loans: | Net charge-offs | Provision for credit losses | Allowance for loan and lease losses (a) | Allowance as a multiple of net charge-offs | 2017 | December 31 Dollars in millions | Commercial | Commercial real estate | Equipment lease financing | Home equity | Residential real estate | Credit card | Other consumer | Total |"}
{"_id": "d815dda9c", "title": "", "text": "| December 31, 2017 | Beginning Balance | Gains on assets sold | Change in fair value of assets | Net purchases and sales | Translation gain | Ending Balance |"}
{"_id": "d8b2fbc52", "title": "", "text": "Notes to Consolidated Financial Statements – (continued) (Amounts in Millions, Except Per Share Amounts) Guarantees We have guaranteed certain obligations of our subsidiaries relating principally to operating leases and credit facilities of certain subsidiaries.\nThe amount of parent company guarantees on lease obligations was $857.3 and $619.4 as of December 31, 2016 and 2015, respectively, and the amount of parent company guarantees primarily relating to credit facilities was $395.6 and $336.5 as of December 31, 2016 and 2015, respectively.\nIn the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee, we would be obligated to pay the amounts covered by that guarantee.\nAs of December 31, 2016, there were no material assets pledged as security for such parent company guarantees.\nContingent Acquisition Obligations The following table details the estimated future contingent acquisition obligations payable in cash as of December 31, 2016."}
{"_id": "d8e0d9534", "title": "", "text": "On April 3, 2014, consistent with our 2014 capital plan, our Board of Directors approved an increase to PNCs quarterly common stock dividend from 44 cents per common share to 48 cents per common share beginning with the May 5, 2014 dividend payment.\nIn connection with the 2015 CCAR, PNC submitted its 2015 capital plan, as approved by its Board of Directors, to the Federal Reserve in January 2015.\nPNC expects to receive the Federal Reserves response (either a non-objection or objection) to the capital plan submitted as part of the 2015 CCAR in March 2015.\nSee the Supervision and Regulation section in Item 1 of this Report for additional information regarding the Federal Reserves CCAR process and the factors the Federal Reserve takes into consideration in evaluating capital plans, qualitative and quantitative liquidity risk management standards proposed by the U. S.  banking agencies, and final rules issued by the Federal Reserve that make certain modifications to the Federal Reserves capital planning and stress testing rules.\nSee Table 42 for information on affiliate purchases of notes issued by PNC Bank during 2014.\nOn February 6, 2015, PNC used $600 million of parent company/non-bank subsidiary cash to purchase floating rate senior notes that were issued by PNC Bank to an affiliate on that same date.\nParent Company Liquidity  Sources The principal source of parent company liquidity is the dividends it receives from its subsidiary bank, which may be impacted by the following: ?\nBank-level capital needs, ?\nLaws and regulations, ?\nCorporate policies, ?\nContractual restrictions, and ?\nOther factors.\nThere are statutory and regulatory limitations on the ability of national banks to pay dividends or make other capital distributions or to extend credit to the parent company or its non-bank subsidiaries.\nThe amount available for dividend payments by PNC Bank to the parent company without prior regulatory approval was approximately $1.5 billion at December 31, 2014.\nSee Note 20 Regulatory Matters in the Notes To Consolidated Financial Statements in Item 8 of this Report for a further discussion of these limitations.\nWe provide additional information on certain contractual restrictions in Note 12 Capital Securities of a Subsidiary Trust and Perpetual Trust Securities in the Notes To Consolidated Financial Statements in Item 8 of this Report.\nIn addition to dividends from PNC Bank, other sources of parent company liquidity include cash and investments, as well as dividends and loan repayments from other subsidiaries and dividends or distributions from equity investments.\nWe can also generate liquidity for the parent company and PNCs non-bank subsidiaries through the issuance of debt and equity securities, including certain capital instruments, in public or private markets and commercial paper.\nWe have an effective shelf registration statement pursuant to which we can issue additional debt, equity and other capital instruments.\nDuring 2014, we issued the following parent company debt under our shelf registration statement: ?\n$750 million of subordinated notes with a maturity date of April 29, 2024.\nInterest is payable semiannually, at a fixed rate of 3.90%, on April 29 and October 29 of each year, beginning on October 29, 2014.\nTotal parent company senior and subordinated debt and hybrid capital instruments decreased to $10.1 billion at December 31, 2014 from $10.7 billion at December 31, 2013 due to the following activity in the period.\nTable 45: Parent Company Senior and Subordinated Debt and Hybrid Capital Instruments"}
{"_id": "d8c882346", "title": "", "text": "| Balance at January 1, 2012 $21,579 | Increases in current period tax positions | Decreases in current period tax positions | Balance at December 31, 2012 | Increases in current period tax positions | Decreases in current period tax positions | Balance at December 31, 2013 | Increases in current period tax positions | Decreases in current period tax positions | Balance at December 31, 2014 |"}
{"_id": "d865d59c8", "title": "", "text": "| December 31, (in millions) 2008 2007 | Investment Bank | Retail Financial Services | Card Services | Commercial Banking | Treasury & Securities Services | Asset Management | Corporate/Private Equity | Total goodwill |"}
{"_id": "d81decc1a", "title": "", "text": "| Year Ended December 31, | 2016 | Revenue: | Fee revenue | Pass through costs also recognized as revenue | Total revenue | Costs and expenses: | Cost of services | Operating, administrative and other | Depreciation and amortization | Total costs and expenses | Gain on disposition of real estate | Operating income | Equity income from unconsolidated subsidiaries | Other income (loss) | Interest income | Interest expense | Write-offof financing costs on extinguished debt | Income before provision for income taxes | Provision for income taxes | Net income | Less: Net income attributable tonon-controllinginterests | Net income attributable to CBRE Group, Inc. | EBITDA | Adjusted EBITDA |"}
{"_id": "d8779f424", "title": "", "text": "| December 31 Year Ended December 31 | Outstandings | (Dollars in millions) | Commercial loans and leases | Commercial – domestic-5 | Commercial real estate-6 | Commercial lease financing | Commercial – foreign | 302,797 | Small business commercial – domestic-7 | Total measured at historical cost | Total measured at fair value-8 | Total commercial loans and leases |"}
{"_id": "d8dfd4f80", "title": "", "text": "Total income tax expense includes $252 million, $55 million and $2.4 billion of tax benefits recorded in 2017, 2016, and 2015, respectively, as a result of tax audit resolutions.\nTax effect of items recorded in stockholders equity The preceding table does not reflect the tax effect of certain items that are recorded each period directly in stockholders equity.\nThe tax effect of all items recorded directly to stockholders equity resulted in a decrease of $915 million in 2017, an increase of $925 million in 2016, and an increase of $1.5 billion in 2015.\nEffective January 1, 2016, the Firm adopted new accounting guidance related to employee share-based payments.\nAs a result of the adoption of this new guidance, all excess tax benefits (including tax benefits from dividends or dividend equivalents) on share-based payment awards are recognized within income tax expense in the Consolidated statements of income.\nIn prior years these tax benefits were recorded as increases to additional paid-in capital.\nResults from Non-U.\nS.  earnings The following table presents the U. S.  and non-U.\nS.  components of income before income tax expense for the years ended December 31, 2017, 2016 and 2015."}
{"_id": "d885b63be", "title": "", "text": "| Change | 2015 | (In millions, except percentages) | Taiwan |"}
{"_id": "d870d5e22", "title": "", "text": "| December 31 | (Dollars in millions) | Trading account assets | Corporate securities, trading loans and other | U.S. government and agency securities-1 | Equity securities | Mortgage trading loans and asset-backed securities | Foreign sovereign debt | Total | Trading account liabilities | U.S. government and agency securities-2 | Equity securities | Foreign sovereign debt | Corporate securities and other | Mortgage trading loans and asset-backed securities | Total |"}
{"_id": "d8817e260", "title": "", "text": "| (Dollars in millions) 2011 2010 | Production loss: | Core production revenue | Representations and warranties provision | Total production loss | Servicing income: | Servicing fees | Impact of customer payments-1 | Fair value changes of MSRs, net of economic hedge results-2 | Other servicing-related revenue | Total net servicing income | TotalCRESmortgage banking income (loss) | Eliminations-3 | Total consolidated mortgage banking income (loss) |"}
{"_id": "d8c2afa22", "title": "", "text": "Tables of Contents FMS segment operating income as a percentage of related revenue increased to 31% in fiscal 2011 from 25% in fiscal 2010.\nSegment operating income increased in fiscal 2011 due to the increase in revenue described above, $13 million in lower staffing expenses, and cost of product revenue efficiencies, partially offset by about $11 million in higher expenses for advertising and other marketing programs.\nFiscal 2010 Compared with Fiscal 2009 FMS total net revenue increased $32 million or 6% in fiscal 2010 compared with fiscal 2009.\nAbout half of this increase was due to Intuit Websites customer growth.\nIn our QuickBooks desktop business, higher average selling prices more than offset a 2% decline in total paid QuickBooks software units.\nAverage selling prices were higher in fiscal 2010 because we offered fewer promotional discounts compared with fiscal 2009.\nQuickBooks Online and QuickBooks Enterprise Solutions customer growth also contributed to higher revenue in fiscal 2010.\nFMS segment operating income as a percentage of related revenue increased to 25% in fiscal 2010 from 20% in fiscal 2009 due to the increase in revenue described above, partially offset by higher cost of revenue and customer service expenses associated with growth in Intuit Websites.\nFiscal 2010 segment operating income also benefited from a decrease of about $16 million in staffing expenses compared with fiscal 2009."}
{"_id": "d891c7004", "title": "", "text": "| Estimated useful life-in years December 31, | (in millions) | Property and equipment: | Land | Building | Building improvements | Leasehold improvements | Equipment and computer software | Other transportation equipment | Furniture and fixtures | Construction in progress | Total | Less: accumulated depreciation and amortization | Property and equipment, net |"}
{"_id": "d828efc02", "title": "", "text": "Rental expense under operating leases was $114,529, $116,541 and $97,587 in 2014, 2013 and 2012, respectively.\nThe Company had approximately $37,381 and $47,713 in standby letters of credit for various insurance contracts and commitments to foreign vendors as of December 31, 2014 and 2013, respectively that expire within two years.\nThe Company is involved in litigation from time to time in the regular course of its business.\nExcept as noted below, there are no material legal proceedings pending or known by the Company to be contemplated to which the Company is a party or to which any of its property is subject.\nBeginning in August 2010, a series of civil lawsuits were initiated in several U. S.  federal courts alleging that certain manufacturers of polyurethane foam products and competitors of the Company¡¯s carpet underlay division had engaged in price fixing in violation of U. S.  anti-trust laws.\nThe Company has been named as a defendant in a number of the individual cases (the first filed on August 26, 2010), as well as in two consolidated amended class action complaints the first filed on February 28, 2011, on behalf of a class of all direct purchasers of polyurethane foam products, and the second filed on March 21, 2011, on behalf of a class of indirect purchasers.\nAll pending cases in which the Company has been named as a defendant have been filed in or transferred to the U. S.  District Court for the Northern District of Ohio for consolidated pre-trial proceedings under the name In re: Polyurethane Foam Antitrust Litigation, Case No.1:10-MDL-02196.\nIn these actions, the plaintiffs, on behalf of themselves and/or a class of purchasers, seek damages allegedly suffered as a result of alleged overcharges in the price of polyurethane foam products from at least 1999 to the present.\nThe direct purchaser class currently claims damages from all of the defendants named in the lawsuit of up to approximately $867,400 which amount will be reduced by the value of claims made by plaintiffs that opt out of the class.\nAny damages actually awarded at trial are subject to being tripled under US antitrust laws.\nThe amount of damages in the remaining cases varies or has not yet been specified by the plaintiffs.\nEach plaintiff also seeks attorney fees, pre-judgment and post-judgment interest, court costs and injunctive relief against future violations."}
{"_id": "d8140c2d6", "title": "", "text": "| Aircraft manufacturing and completions $-220 | Pre-owned aircraft | Aircraft services | Other | Total decrease in operating earnings |"}
{"_id": "d85fddfde", "title": "", "text": "CORPORATE Corporate results consist primarily of compensation expense for stock options.\nCorporate operating costs totaled $72 in 2014, $96 in 2013 and $69 in 2012.\nWe expect Corporate operating costs in 2015 of approximately $65 to $70."}
{"_id": "d8cac6abc", "title": "", "text": "| Location ofHeadquarters Ownership Partner(s) YearEntered | Equity Method Investments | Advanced Engineered Materials | National Methanol Company | KEPCO | Polyplastics | Fortron Industries LLC | Cost Method Investments | Consumer Specialties | Kunming Cellulose Fibers Co. Ltd. | Nantong Cellulose Fibers Co. Ltd. | Zhuhai Cellulose Fibers Co. Ltd. | Year Ended December 31, | 2011 | Electric Energy Delivered(millions of kWh) | Total deliveries to O&R full service customers | Delivery service for retail choice customers | Total Deliveries In Franchise Area | Electric Energy Delivered($ in millions) | Total deliveries to O&R full service customers | Delivery service for retail choice customers | Other operating revenues | Total Deliveries In Franchise Area | Average Revenue Per kWh Sold(Cents) | Residential | Commercial and Industrial |"}
{"_id": "d8bcdd900", "title": "", "text": "| 2013 2012 2011 | Revenues | United States | United Kingdom | Canada | Germany | Mexico | All Other | Total Company | 2013 | Automotive Sector | Revenues | Income before income taxes | Financial Services Sector | Revenues | Income before income taxes | Total Company | Income before income taxes | Net income | Basic | Diluted |"}
{"_id": "d8ac9fed0", "title": "", "text": "| Year Ended December 31, | 2013 | (in thousands, except percentages and per share data) | Total revenue | Operating income | Operating profit margin | Net income | Earnings per share – diluted: | Diluted earnings per share | Weighted average shares – diluted |"}
{"_id": "d87516180", "title": "", "text": "Valuation of Business Combinations We allocate the amounts we pay for each acquisition to the assets we acquire and liabilities we assume based on their fair values at the dates of acquisition, including identifiable intangible assets and in-process research and development which either arise from a contractual or legal right or are separable from goodwill.\nWe base the fair value of identifiable intangible assets acquired in a business combination, including in-process research and development, on detailed valuations that use information and assumptions provided by management, which consider managements best estimates of inputs and assumptions that a market participant would use.\nWe allocate any excess purchase price over the fair value of the net tangible and identifiable intangible assets acquired to goodwill.\nTransaction costs associated with these acquisitions are expensed as incurred through selling, general and administrative costs.\nIn those circumstances where an acquisition involves a contingent consideration arrangement, we recognize a liability equal to the fair value of the contingent payments we expect to make as of the acquisition date.\nWe re-measure this liability each reporting period and record changes in the fair value through a separate line item within our consolidated statements of operations.\nIncreases or decreases in the fair value of the contingent consideration liability can result from changes in discount periods and rates, as well as changes in the timing and amount of revenue estimates or in the timing or likelihood of achieving regulatory, revenue or commercialization-based milestones."}
{"_id": "d8bb12af8", "title": "", "text": "| Fair Value of Asset Derivatives-1 Fair Value of (Liability) Derivatives(1) | December 31, 2009 | Derivatives designated as hedging instruments: | Foreign currency forward contracts | Interest rate swaps | Derivatives not designated as hedging instruments: | Foreign currency forward contracts | Total |"}
{"_id": "d81d1e608", "title": "", "text": "| Millions 2010 2009 2008 | Agricultural | Automotive | Chemicals | Energy | Industrial Products | Intermodal | Total freight revenues | Other revenues | Total operating revenues | Other Operating Leases | (Millions of Dollars) | 2009 | 2010 | 2011 | 2012 | 2013 | Thereafter | Total minimum obligation | Interest component of obligation | Present value of minimum obligation | 2008 | (Millions of Dollars) | NSP-Minnesota | NSP-Wisconsin | PSCo | SPS | Total Xcel Energy |"}
{"_id": "d8953246e", "title": "", "text": "| (In millions) 2009 2008 2007 | Capital | Compliance | Operating and maintenance | Remediation(b) | Total |"}
{"_id": "d82d2c702", "title": "", "text": "Liquidity and Capital Resources At September 26, 2009, we had $492.2 million of working capital, and our cash and cash equivalents totaled $293.2 million.\nOur cash and cash equivalents balance increased by $197.5 million during fiscal 2009, primarily from cash generated from our operations.\nThis cash source was partially offset by our financing activities relating to our repayment of amounts outstanding under our credit agreement and certain other notes payable and to a lesser extent cash used in our investing activities primarily for purchases of property and equipment and placement of equipment under customer usage agreements.\nOur operating activities generated $546.4 million of cash, which included a net loss of $2.18 billion reduced primarily by non-cash charges for goodwill and intangible asset impairments of $2.34 billion, depreciation and amortization expense of $273.9 million, stock-based compensation expense of $32.9 million and non-cash interest expense of $17.7 million from the amortization of debt issuance costs.\nCash provided by operations due to changes in our operating assets and liabilities included a decrease in accounts receivable of $57.6 million, an increase in deferred revenue of $19.6 million and a decrease in prepaid income taxes of $17.9 million.\nThe decrease in accounts receivable was primarily due to the decline in sales volume in the current quarter as compared to the fourth quarter of fiscal 2008 as well as improved collections.\nThe increase in deferred revenue was primarily due to an increase in the number of service contracts as our installed base of our Breast Health products continues to grow.\nThe decrease in prepaid income taxes was due to the utilization of amounts to offset current taxable income.\nCash provided by operations was offset by an increase in inventories of $15.1 million and a decrease in accounts payable and accrued expenses and other liabilities of $12.9 million and $10.6 million, respectively.\nThe increase in inventories was primarily related to the increase in components on hand as a result"}
{"_id": "d8eed0890", "title": "", "text": "Expense Attribution Except as discussed above, we recognize compensation expense for our stock using a straight-line method over the substantive vesting period.\nMost of our stock awards provide for immediate vesting upon death or disability of the participant.\nIn addition, our stock grants to employees provide for accelerated vesting of our stock-based awards, other than market-based awards, upon retirement.\nIn accordance with the terms of our stock grants, for employees who will become retirement eligible prior to the vest date we expense stock-based awards, other than market-based awards, over the greater of one year or the period between grant date and retirement-eligibility.\nThe market-based awards discussed above do not contain provisions that would accelerate the full vesting of the awards upon retirement-eligibility.\nWe recognize stock-based compensation expense for the value of the portion of awards that are ultimately expected to vest.\nASC Topic 718, Compensation – Stock Compensation requires forfeitures to be estimated at the time of grant and revised, if necessary, in subsequent periods if actual forfeitures differ from"}
{"_id": "d874df77a", "title": "", "text": "| (millions) 2013 2012 | Foreign currency exchange contracts | Interest rate contracts | Commodity contracts | Total |"}
{"_id": "d8711953c", "title": "", "text": "| Con Edison CECONY | Units | TSR Portion(b) | Non-vested at 12/31/13 | Granted | Vested | Forfeited | Non-vested at 12/31/14 |"}
{"_id": "d84d378f8", "title": "", "text": "| December 31 | 2008 | (In thousands) | Commitments to extend credit | Home equity lines of credit | Commercial real estate loans to be sold | Other commercial real estate and construction | Residential real estate loans to be sold | Other residential real estate | Commercial and other | Standby letters of credit | Commercial letters of credit | Financial guarantees and indemnification contracts | Commitments to sell real estate loans |"}
{"_id": "d8dd55796", "title": "", "text": "| Revenues, net of interest expense-1 Provision (benefit) for income taxes Income (loss) from continuing operations(1)(2)(3) Identifiable assets at year end | In millions of dollars, except | identifiable assets in billions | Regional Consumer Banking | Institutional Clients Group | Subtotal Citicorp | Citi Holdings | Corporate/Other | Total |"}
{"_id": "d8d89b0f2", "title": "", "text": "| 2008 2007 2006 | Ameren | UE | CIPS | CILCORP | CILCO | IP |"}
{"_id": "d8c37cdce", "title": "", "text": "| (In millions) Commingled Funds Insurance Contracts Limited Partnerships and Hedge Fund Investments Total | Balance as of June 30, 2014 | Actual return on plan assets: | Relating to assets still held at the reporting date | Relating to assets sold during the year | Transfers in (out) | Purchases, sales, issuances and settlements, net | Foreign exchange impact | Balance as of June 30, 2015 |"}
{"_id": "d8ce65a6a", "title": "", "text": "| Premiums Payable Premiums Receivable | (in millions) | 2015 | 2016 | 2017 | 2018 | 2019 | 2020-2027 | Total |"}
{"_id": "d89e54470", "title": "", "text": "(b) Postretirement Plans: In addition to AlG's defined benefitpension plans，AlG and its subsidiaries provide a postretirementbenefit program for medical care and life insurance in the U. s. and in certain non-U.\ns.  countries.\nEligibility in the various plans isgenerally based upon completion of a specified period of eligibleservice and attaining a specified age.\nOverseas,benefits vary bygeographic location.\nAIG's u. s.  postretirement medical and life insurance benefitsare based upon the employee electing immediate retirement andhaving a minimum of ten years of service.\nRetirees who reached"}
{"_id": "d89b0986a", "title": "", "text": "| Fair Value at   December 31,   2008 Principal Amount   Due Upon Maturity Difference | (In millions) | Assets: | Mortgage and other loans receivable | Liabilities: | Long-term debt |"}
{"_id": "d8160f43e", "title": "", "text": "| U.S. Qualified Pension International Pension (weighted average) U.S. Postretirement Medical | December 31, 2014 Liability and 2015 Net Periodic Benefit Cost: | Single discount rate | December 31, 2015 Liability: | Benefit obligation | 2016 Net Periodic Benefit Cost Components: | Service cost | Interest cost |"}
{"_id": "d88f1e7b2", "title": "", "text": "(1) Includes exposure to Alt-a mortgage loans with an amortized cost of $78.7 million, gross unrealized gains of $0.4 million, gross unrealized losses of $4.1 million and a carrying amount of $75.0 million.\nAll of these securities are rated AAA and 62% are 2005 and prior vintages.\n(2) This exposure is all related to sub-prime mortgage loans.\n(3) Includes exposure to sub-prime mortgage loans with an amortized cost of $79.1 million, gross unrealized losses of $28.8 million and a carrying amount of $50.3 million.\nOf the $8,215.6 million in gross unrealized losses as of December 31, 2008, there were $46.3 million in losses attributed to securities scheduled to mature in one year or less, $1,191.7 million attributed to securities scheduled to mature between one to five years, $1,826.9 million attributed to securities scheduled to mature between five to ten years, $2,139.2 million attributed to securities scheduled to mature after ten years and $3,011.5 million related to mortgage-backed and other ABS that are not classified by maturity year.\nThe credit disruption in the market that began in the last half of 2007 from concerns in the sub-prime markets, and continued into 2008 with concerns in the leveraged finance markets has led to reduced liquidity and wider credit spreads.\nThese credit concerns led to a widespread forced selling into a very thinly traded market which further strained market liquidity.\nThis market disruption lowered valuations and, as a result, we have seen an increase in unrealized losses in our securities portfolio.\nThe losses were more pronounced in the Finance sectors and in structured products such as collateralized debt obligations, ABS and CMBS.\nThe decline in value in large part reflects the illiquid markets.\nFuture changes in the fair value of these securities will be dependent on the return of market liquidity and changes in general market conditions, including interest rates and credit spread movements.\nDue to the issuers’ continued satisfaction of the securities’ obligations in accordance with their contractual terms, the expectation that they will continue to do so given the evaluation of the fundamentals of the issuers’ financial condition and other objective evidence and management’s intent and ability to hold these securities to recovery, we concluded that the prices of the securities in our securities portfolio were temporarily depressed."}
{"_id": "d8da8a214", "title": "", "text": "| Outstanding Principal Balance Loan Loss Allowance % 30-Days Past Due Average FICO | As of April 30, 2008: | Purchased from SCC | All other | $1,004,640 | As of April 30, 2007: | Purchased from SCC | All other | $1,350,892 |"}
{"_id": "d86315238", "title": "", "text": "The Company is exposed to credit risk in the event a counterparty does not fulfill its obligation to complete a transaction or if there is a miscommunication or other error in executing a matched principal transaction.\nPursuant to the terms of the securities clearing agreements, the clearing broker has the right to charge the Company for losses resulting from a counterparty’s failure to fulfill its contractual obligations.\nThe losses are not capped at a maximum amount and apply to all trades executed through the clearing broker.\nAt December 31, 2014 and 2013, the Company had not recorded any liabilities with regard to this right.\nIn the normal course of business, the Company enters into contracts that contain a variety of representations, warranties and general indemnifications.\nThe Company’s maximum exposure under these arrangements is unknown, as this would involve future claims that may be made against the Company that have not yet occurred.\nHowever, based on experience, the Company expects the risk of loss to be remote.14."}
{"_id": "d8de5817a", "title": "", "text": "| Year Ended December 31, 2017 2016 2015 | Europe, Middle East & Africa | Latin America | North America | Asia Pacific | Bottling Investments | Corporate | Total |"}
{"_id": "d89a9cfc6", "title": "", "text": "| 2018 2017 | 6.25% Senior Notes due 2019 | 4.45% Senior Notes due 2020 | 3.625% Senior Notes due 2022 | 3.65% Senior Notes due 2024 | 3.60% Senior Notes due 2026 | 4,900.0 | Unamortized premium (discount), net | Unamortized debt issuance costs | Unamortized deferred gain from settlement of interest rate swaps | Fair value adjustment attributed to outstanding interest rate swaps | 4,883.7 | Current portion | Long-term debt | 2019 | 2020 | 2021 | 2022 | 2023 | Thereafter | $4,900.0 |"}
{"_id": "d86194634", "title": "", "text": "available, we do not expect any transactions to have a significant impact on our reported income tax expense.\nIn connection with the completion of the reorganization, we will reevaluate the ability to realize our deferred tax assets related to U. S.  operations under the new Aon UK corporate structure and we may recognize a non-cash, deferred tax expense upon the conclusion of this evaluation.\nBased on information currently available, we do not expect the additional deferred tax expense, if any, to be significant.\nThe reorganization will result in additional ongoing costs to us.\nThe completion of the reorganization will result in an increase in some of our ongoing expenses and require us to incur some new expenses.\nSome costs, including those related to employees in our U. K.  offices and holding board meetings in the U. K. , are expected to be higher than would be the case if our principal executive offices were not relocated to the U. K. .  We also expect to incur new expenses, including professional fees and SDRT in connection with settlement of equity-based awards under our stock or share incentive plans, to comply with U. K.  corporate and tax laws.\nItem 1B.\nUnresolved Staff Comments.\nNone.\nItem 2.\nProperties.\nWe have offices in various locations throughout the world.\nSubstantially all of our offices are located in leased premises.\nWe maintain our corporate headquarters at 200 E.  Randolph Street in Chicago, Illinois, where we occupy approximately 355,000 square feet of space under an operating lease agreement that expires in 2013.\nThere are two five-year renewal options at current market rates.\nWe own one building at Pallbergweg 2-4, Amsterdam, the Netherlands (150,000 square feet).\nThe following are additional significant leased properties, along with the occupied square footage and expiration."}
{"_id": "d8110ac4a", "title": "", "text": "| Delivery in Calendar Years Ending | Aircraft on Firm Order-3 | B-737-700 | B-737-800 | B-777-200LR | A319-100 | A320-200 | CRJ-900 | Total |"}
{"_id": "d8b910638", "title": "", "text": "| Contingent   Consideration | Balance as of October 30, 2010 | Contingent consideration liability recorded | Fair value adjustment | Balance as of October 29, 2011 | December 31, 2010 | Carrying amount | ($ in millions) | Fixed maturities: | Public | Private | Equity securities | Mortgage loans: | Commercial | Residential | Real estate held for sale | Real estate held for investment | Policy loans | Other investments | Total invested assets | Cash and cash equivalents | Total invested assets and cash | December 31, 2010 | Carrying amount | ($ in millions) | U.S. government and agencies | States and political subdivisions | Non-U.S. governments | Corporate — public | Corporate — private | Residential pass-through securities | Commercial mortgage-backed securities | Residential collateralized mortgage obligations | Asset-backed securities | Total fixed maturities | December 31, 2010 | (in millions) | European Union | United Kingdom | Australia | Asia | South America | Other countries -1 | Total |"}
{"_id": "d8b97effc", "title": "", "text": "| RM&T Operating Statistics 2008 2007 | Refining and wholesale marketing gross margin(Dollars per gallon)(a) | Refined products sales volumes(Thousands of barrels per day) |"}
{"_id": "d88100ca2", "title": "", "text": "| Jurisdiction Expiration Amount  (in millions) | U.S. Federal | U.S. States | Australia | U.K. | Other Foreign |"}
{"_id": "d8c88249a", "title": "", "text": "| WMI WM Holdings Non-Guarantor Subsidiaries Eliminations Consolidated | Year Ended December 31, 2008 | Cash flows from operating activities: | Net income | Equity in earnings of subsidiaries, net of taxes | Other adjustments | Net cash provided by (used in) operating activities | Cash flows from investing activities: | Acquisition of businesses, net of cash acquired | Capital expenditures | Proceeds from divestitures of businesses (net of cash divested) and other sales of assets | Net receipts from restricted trust and escrow accounts and other, net | Net cash used in investing activities | Cash flows from financing activities: | New borrowings | Debt repayments | Common stock repurchases | Cash dividends | Exercise of common stock options and warrants | Minority interest distributions paid and other | (Increase) decrease in intercompany and investments, net | Net cash provided by (used in) financing activities | Effect of exchange rate changes on cash and cash equivalents | Increase in cash and cash equivalents | Cash and cash equivalents at beginning of period | Cash and cash equivalents at end of period | Year Ended December 31, 2007 | Cash flows from operating activities: | Net income | Equity in earnings of subsidiaries, net of taxes | Other adjustments | Net cash provided by (used in) operating activities | Cash flows from investing activities: | Acquisition of businesses, net of cash acquired | Capital expenditures | Proceeds from divestitures of businesses (net of cash divested) and other sales of assets | Purchases of short-term investments | Proceeds from sales of short-term investments | Net receipts from restricted trust and escrow accounts and other, net | Net cash provided by (used in) investing activities | Cash flows from financing activities: | New borrowings | Debt repayments | Common stock repurchases | Cash dividends | Exercise of common stock options and warrants | Minority interest distributions paid and other | (Increase) decrease in intercompany and investments, net | Net cash provided by (used in) financing activities |"}
{"_id": "d889ff006", "title": "", "text": "Operating earnings in 2007 improved by $2,816 million compared with 2006.\nThe increase is partly due to the $571 million global settlement with U. S.  Department of Justice (U. S.  DoJ) that occurred in the second quarter of 2006.\nCommercial Airplanes earnings increased by $851 million compared with the same period in 2006, primarily due to higher new airplane deliveries, commercial aviation support activities and improved cost performance offset by increased research and development expense.\nCommercial Airplanes’ research and development expense increased by $572 million to $2,962 million compared with the same period 2006, primarily due to spending on the 787 and 747-8 programs.\nIDS earnings increased by $409 million compared with 2006.\nThe increase is primarily due to 2006 charges of $770 million in the BMA segment related to AEW&C, partially offset by lower 2007 earnings on several programs in the BMA and N&SS segments.\nBCC operating earnings decreased $57 million reflecting lower revenues partially offset by a recovery of losses and lower expenses.\nOther segment earnings improved by $482 million primarily due to the absence of losses related to Connexion by Boeing, which included a charge of $320 million to exit this business in 2006.\nUnallocated items and eliminations in 2007 contributed $560 million to the 2007 earnings improvement, which is further explained in the table below."}
{"_id": "d8dfe9930", "title": "", "text": "| December 31, | 2013 | (in millions) | Balance Sheet Data: | Investments-1 | Separate account assets | Total assets | Policyholder account balances, future policy benefits and claims | Separate account liabilities | Customer deposits | Long-term debt-1 | Short-term borrowings | Total liabilities | Total Ameriprise Financial, Inc. shareholders’ equity | Noncontrolling interests’ equity |"}
{"_id": "d8acd37bc", "title": "", "text": "| Period Total Number of Shares Purchased [a] Average Price Paid Per Share Total Number of Shares Purchased as Part of a Publicly AnnouncedPlan or Program [b] Maximum Number of Shares Remaining Under the Plan or Program [b] | Oct. 1 through Oct. 31 | Nov. 1 through Nov. 30 | Dec. 1 through Dec. 31 | Total |"}
{"_id": "d89913416", "title": "", "text": "| Fiscal Year | 2009 | Cost of product revenue | Cost of services revenue | Research and development | Sales and marketing | General and administrative | Total stock-based compensation |"}
{"_id": "d8ea20ebc", "title": "", "text": "| Years ended December 31, | (in thousands) | Net cash provided by operating activities | Net cash used in investing activities | Net cash provided by (used in) financing activities | Effect of exchange rate changes on cash | Net increase/(decrease) in cash and cash equivalents |"}
{"_id": "d8f47a52a", "title": "", "text": "| Period Total Number ofShares Purchased Average PricePaid PerShare Total Number of SharesPurchased as Part ofPubliclyAnnouncedProgram(a) Maximum Number ofShares That May Yet BePurchased Under theProgram(b) | October | November | December |"}
{"_id": "d8b7c2f9c", "title": "", "text": "| -1 (2) December 31, 2006 December 31, 2005 | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total Private Fixed Maturities | -1 | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total Private Fixed Maturities |"}
{"_id": "d8f6c9e98", "title": "", "text": "| Year Ended December 31, | 2014 | Other revenue special item, net -1 | Mainline operating special items, net -2 | Regional operating special items, net | Nonoperating special items, net -3 | Reorganization items, net -4 | Income tax special items, net -5 | Total |"}
{"_id": "d874451ac", "title": "", "text": "CBRE GROUP, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) foreign currency denominated EBITDA.\nHedge accounting was not elected for any of these contracts.\nIncluded in the consolidated statement of operations were net gains of $5.3 million for the year ended December 31, 2014 resulting from net gains on foreign currency exchange forward contracts.\nAs of December 31, 2014, we had 52 foreign currency exchange forward contracts outstanding covering a notional amount of $302.0 million.\nAs of December 31, 2014, the fair value of forward contracts with two counterparties aggregated to a $0.5 million asset position, which was included in other current assets in the accompanying consolidated balance sheets.\nAs of December 31, 2014, the fair value of forward contracts with four counterparties aggregated to a $1.3 million liability position, which was included in other current liabilities in the accompanying consolidated balance sheets.\nWe also routinely monitor our exposure to currency exchange rate changes in connection with certain transactions and sometimes enter into foreign currency exchange option and forward contracts to limit our exposure to such transactions, as appropriate.\nIn the normal course of business, we also sometimes utilize derivative financial instruments in the form of foreign currency exchange contracts to attempt to mitigate foreign currency exchange exposure resulting from intercompany loans.\nIncluded in the consolidated statements of operations were net gains of $4.3 million for the year ended December 31, 2014, and net losses of $1.8 million and $4.4 million for the years ended December 31, 2013 and 2012, respectively, resulting from net gains/losses on these foreign currency exchange option and forward contracts.\nAs of December 31, 2014, the fair value of forward contracts with one counterparty aggregated to a $0.8 million asset position, which was included in other current assets in the accompanying consolidated balance sheets.\nAs of December 31, 2014, the fair value of forward contracts with one counterparty aggregated to a $0.1 million liability position, which was included in other current liabilities in the accompanying consolidated balance sheets.\nAs of December 31, 2013, we did not have any such foreign currency exchange contracts outstanding.\nWe also enter into loan commitments that relate to the origination of commercial mortgage loans that will be held for resale.\nFASB ASC Topic 815 requires that these commitments be recorded at their fair values as derivatives.\nIncluded in the consolidated statements of operations were net gains of $2.4 million for the year ended December 31, 2014, resulting from gains on these loan commitments.\nAs of December 31, 2014, the fair value of such contracts with three counterparties aggregated to a $2.4 million asset position, which was included in other current assets in the accompanying consolidated balance sheets.\nThe net impact on our financial position and earnings resulting from loan commitments for years prior to 2014 was not significant.6."}
{"_id": "d8806fa2c", "title": "", "text": "NOTES to the consolidated financial statements Research and Development Research and development costs, including new product development programs, regulatory compliance and clinical research, are expensed as incurred.\nPension Plans The Company maintains pension plans covering certain international employees, which the Company accounts for in accordance with FASB Statement No.87, Employers Accounting for Pensions.\nThe assets, liabilities and costs associated with these plans were not material in 2004, 2003 and 2002.\nNet Income Per Common Share Net income per common share is based upon the weighted average number of common shares and common share equivalents outstanding each year.\nNew Accounting Standards On December 16, 2004, the FASB issued Statement No.123(R), Share-Based Payment, which is a revision of Statement No.123, Accounting for Stock-Based Compensation.\nStatement No.123(R) supersedes APB Opinion No.25, Accounting for Stock Issued to Employees and amends Statement No.95, Statement of Cash Flows.\nIn general, Statement No.123(R) contains similar accounting concepts as those described in Statement No.123.\nHowever, Statement No.123(R) requires all share-based payments to employees, including grants of employee stock options, to be recognized in the income statement based on their fair values.\nPro forma disclosure is no longer an alternative.\nThe Company expects to adopt Statement No.123(R) when it becomes effective on July 1, 2005.\nStatement No.123(R) permits public companies to adopt the new requirements using one of two methods: 1.\nA modified prospective method in that compensation cost is recognized beginning with the effective date (a) based on the requirements of Statement No.123(R) for all share-based payments granted after the effective date of Statement No.123(R) and (b) based on the requirements of Statement No.123 for all awards granted to employees before July 1, 2005 that remain unvested as of July 1, 2005.2.\nA modified retrospective method that includes the requirements of the modified prospective method described above, but also permits entities to restate based on the amounts previously recognized under Statement No.123 for purposes of pro forma disclosures either (a) for all prior periods presented or (b) for prior interim periods of the year of adoption.\nThe Company is currently evaluating which method it will use to adopt the requirements of Statement No.123(R).\nAs permitted by Statement No.123, the Company is currently accounting for share-based payments to employees using Opinion No.25s intrinsic value method and, as such, generally recognizes no compensation cost for employee stock options, except as disclosed in Note M.  Accordingly, the adoption of Statement No.123(R)s fair value method will impact the Companys statements of operations.\nThe impact of adoption of Statement No.123(R) cannot be quantified at this time because it will depend on the level of share-based payments granted in the future and the method used to value such awards.\nHowever, had the Company adopted Statement No.123(R) in prior periods, the impact of that standard would have approximated the impact of Statement No.123 and net income and net income per share would have been reported as the following pro forma amounts:"}
{"_id": "d8c981828", "title": "", "text": "(a) This category includes wind energy de-bundled from RECs and also includes Windsource RECs.\nXcel Energy uses RECs to meet or exceed state resource requirements and may sell surplus RECs.\n(b) Includes energy from other sources, including solar, biomass, oil and refuse.\nDistributed generation from the Solar*Rewards program is not included, and was approximately 0.198, 0.152, and 0.146 net million KWh for 2013, 2012 and 2011, respectively NATURAL GAS UTILITY OPERATIONS Overview The most significant developments in the natural gas operations of the utility subsidiaries are continued volatility in natural gas market prices, uncertainty regarding political and regulatory developments that impact hydraulic fracturing, safety requirements for natural gas pipelines and the continued trend of declining use per customer, as a result of improved building construction technologies, higher appliance efficiencies and conservation.\nFrom 2000 to 2013, average annual sales to the typical residential customer declined 17 percent and the typical small commercial and industrial customer declined 11 percent on a weather-normalized basis.\nAlthough wholesale price increases do not directly affect earnings because of natural gas cost-recovery mechanisms, high prices can encourage further efficiency efforts by customers.\nThe Pipeline and Hazardous Materials Safety Administration Pipeline Safety Act — The Pipeline Safety, Regulatory Certainty, and Job Creation Act, signed into law in January 2012 (Pipeline Safety Act) requires additional verification of pipeline infrastructure records by pipeline owners and operators to confirm the maximum allowable operating pressure of lines located in high consequence areas or more-densely populated areas.\nThe DOT Pipeline and Hazardous Materials Safety Administration (PHMSA) will require operators to re-confirm the maximum allowable operating pressure if records are inadequate.\nThis process could cause temporary or permanent limitations on throughput for affected pipelines.\nIn addition, the Pipeline Safety Act requires PHMSA to issue reports and develop new regulations including: requiring use of automatic or remote-controlled shut-off valves; requiring testing of certain previously untested transmission lines; and expanding integrity management requirements.\nThe Pipeline Safety Act also raises the maximum penalty for violating pipeline safety rules to $2 million per day for related violations.\nWhile Xcel Energy cannot predict the ultimate impact Pipeline Safety Act will have on its costs, operations or financial results, it is taking actions that are intended to comply with the Pipeline Safety Act and any related PHMSA regulations as they become effective.\nPSCo can generally recover costs to comply with the transmission and distribution integrity management programs through the PSIA rider.\nNSP-Minnesota Public Utility Regulation Summary of Regulatory Agencies and Areas of Jurisdiction — Retail rates, services and other aspects of NSP-Minnesota’s retail natural gas operations are regulated by the MPUC and the NDPSC within their respective states.\nThe MPUC has regulatory authority over security issuances, certain property transfers, mergers with other utilities and transactions between NSP-Minnesota and its affiliates.\nIn addition, the MPUC reviews and approves NSP-Minnesota’s natural gas supply plans for meeting customers’ future energy needs.\nNSP-Minnesota is subject to the jurisdiction of the FERC with respect to certain natural gas transactions in interstate commerce.\nNSP-Minnesota is subject to the DOT, the Minnesota Office of Pipeline Safety, the NDPSC and the SDPUC for pipeline safety compliance, including pipeline facilities used in electric utility operations for fuel deliveries."}
{"_id": "d88d47cc2", "title": "", "text": "| Year Ended December 31, | (dollars in millions) | Service charges and fees | Card fees | Trust and investment services fees | Mortgage banking fees | Capital markets fees | Foreign exchange and letter of credit fees | Bank-owned life insurance income | Securities gains, net | Other income-1 | Noninterest income |"}
{"_id": "d8f44f76c", "title": "", "text": "Average interest-earning deposits with banks, which are primarily maintained with the Federal Reserve Bank, increased significantly in the comparison to the prior year period as we continued to enhance our liquidity position.\nAverage noninterest-earning assets decreased in 2014 compared with 2013, primarily reflecting lower unsettled securities sales, partially offset by higher investment securities valuation adjustments, both of which are included in noninterest-earning assets for average balance sheet purposes.\nAverage total deposits increased $10.8 billion in 2014 compared with the prior year, driven by an increase of $12.1 billion in average transaction deposits, which grew to $189 billion in 2014.\nHigher average money market deposits, average noninterest-bearing deposits, and average interestbearing demand deposits drove the increase in both commercial and consumer average transaction deposits.\nThese increases were partially offset by a decrease of $2.6 billion in average retail certificates of deposit attributable to runoff of maturing accounts.\nTotal deposits at December 31, 2014 were $232.2 billion compared with $220.9 billion at December 31, 2013 and are further discussed within the Consolidated Balance Sheet Review section of this Item 7.\nAverage total deposits represented 68% of average total assets for 2014 and 69% for 2013.\nAverage borrowed funds increased in 2014 compared with 2013 primarily due to increases in average Federal Home Loan Bank (FHLB) borrowings, average bank notes and senior debt, and average subordinated debt, in part to enhance our liquidity position.\nThese increases were partially offset by a decline in average commercial paper.\nTotal borrowed funds at December 31, 2014 were $56.8 billion compared with $46.1 billion at December 31, 2013 and are further discussed within the Consolidated Balance Sheet Review section of this Item 7.\nThe Liquidity Risk Management portion of the Risk Management section of this Item 7 includes additional information regarding our borrowed funds.\nBusiness Segment Highlights Total business segment earnings were $3.9 billion in 2014 and $4.0 billion in 2013.\nThe Business Segments Review section of this Item 7 includes further analysis of our business segment results during 2014 and 2013, including presentation differences from Note 24 Segment Reporting in our Notes To Consolidated Financial Statements in Item 8 of this Report.\nNote 24 Segment Reporting presents results of businesses for 2014, 2013 and 2012.\nWe provide a reconciliation of total business segment earnings to PNC total consolidated net income as reported on a GAAP basis in Note 24 Segment Reporting in our Notes To Consolidated Financial Statements in Item 8 of this Report."}
{"_id": "d8c783c42", "title": "", "text": "| Homes Closed and Home Sales Revenue Fiscal Year Ended September 30, | Homes Closed | 2014 | East | Midwest | Southeast | South Central | Southwest | West | 28,670 |"}
{"_id": "d8ec685c6", "title": "", "text": "| In millions 2018 2017 2016 | Balance at January 1 | (Additions) reductions based on tax positions related to current year | (Additions) for tax positions of prior years | Reductions for tax positions of prior years | Settlements | Expiration of statutes oflimitations | Currency translation adjustment | Balance at December 31 | Non-financial Assets | (Dollars in thousands) | Lennar Homebuilding: | Finished homes and construction in progress -2 | Land and land under development -3 | Investments in unconsolidated entities -4 | Rialto Investments: | Real estate owned -5 | Total JV Assets | (Dollars in thousands) | Partner Type: | Financial | Land Owners/Developers | Other Builders | Strategic | Total | Land seller debt and other debt | Total JV debt | Lennar’s Investment | (Dollars in thousands) | Top Ten JVs -1: | Platinum Triangle Partners | Heritage Fields El Toro | Central Park West Holdings | Newhall Land Development | Runkle Canyon | Ballpark Village | LS College Park | MS Rialto Residential Holdings | Treasure Island Community Development | Rocking Horse Partners | 10 largest JV investments | Other JVs | Total | Land seller debt and other debt | Total JV debt |"}
{"_id": "d8f8057b2", "title": "", "text": "| $ in billions Total Equity Fixed Income Balanced Money Market-5 Alternatives-6 | December 31, 2016 | Long-term inflows-2 | Long-term outflows | Long-term net flows | Net flows in non-management fee earning AUM | Net flows in institutional money market funds | Total net flows | Market gains and losses-2 | Transfers-5 | Acquisitions/dispositions, net | Foreign currency translation | December 31, 2017 | Average AUM | % of total average AUM | December 31, 2015 | Long-term inflows | Long-term outflows | Long-term net flows | Net flows in non-management fee earning AUM | Net flows in institutional money market funds | Total net flows | Market gains and losses-2 | Acquisitions/dispositions, net | Foreign currency translation | December 31, 2016 | Average AUM | % of total average AUM | December 31, 2014 | Long-term inflows | Long-term outflows | Long-term net flows | Net flows in non-management fee earning AUM | Net flows in institutional money market funds | Total net flows | Market gains and losses-2 | Acquisitions/dispositions, net | Foreign currency translation | December 31, 2015 | Average AUM | % of total average AUM |"}
{"_id": "d86afc10e", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements Concentrations of Financial Instruments The Company monitors its concentrations of financial instruments and mitigates credit risk by maintaining a diversified investment portfolio which limits exposure to any one issuer.\nAs of both December 31, 2016 and 2015, the Companys exposure to concentrations of credit risk of single issuers greater than 10% of the Companys stockholders equity included securities of the U. S.  government, certain U. S.  government agencies and certain securities guaranteed by the U. S.  government, as well as the securities disclosed below."}
{"_id": "d8e75807c", "title": "", "text": "| ($ in millions) 2013 Change 2012 Change 2011 | Materials and production | Marketing and administrative | Research and development-1 | Restructuring costs | Equity income from affiliates | Other (income) expense, net | $38,488 |"}
{"_id": "d85fbdd2e", "title": "", "text": "| (In thousands) 2017 % of Revenue 2016 % of Revenue % Change | Domestic Segment | Revenues | Costs of revenue | Operating expenses | Total costs and expenses | Domestic operating earnings | Global Segment | Revenues | Costs of revenue | Operating expenses | Total costs and expenses | Global operating earnings | Other, net | Consolidated operating earnings |"}
{"_id": "d889b1fae", "title": "", "text": "LUBRICANTS AND SPECIALTY PRODUCTS OPERATIONS Our lubricants and specialty products operations consist of our Petro-Canada Lubricants and Tulsa rack forward businesses.\nOur Petro-Canada Lubricants business produces automotive, industrial and food grade lubricants and greases, base and process oils and specialty fluids and is the largest manufacturer of high margin Group III base oils in North America and is the world's largest producer of pharmaceutical white oils.\nProducts are marketed in 80 countries worldwide to a diverse customer base through a global sales force and distributor network.\nOur Tulsa Refinery produces high quality base oils, process oils, waxes, horticultural oils and asphalt performance products.\nProducts are marketed worldwide through strategically located terminals in the United States and selected distributors internationally.\nThe following table sets forth information about our lubricants and specialty products operations and includes our Petro-Canada Lubricants business for the period February 1, 2017 (date of acquisition) through December 31, 2017."}
{"_id": "d8883c23c", "title": "", "text": "| 2011 2010 2009 | Common Stock | Balance January 1 | Mandatory conversion of 6% convertible preferred stock | Issuances of shares in connection with the Merger | Issuances-1 | Purchases of treasury stock | Cancellations of treasury stock-2 | Balance December 31 | Pension Plans | December 31 | Net periodic benefit cost | Discount rate | Expected rate of return on plan assets | Salary growth rate | Benefit obligation | Discount rate | Salary growth rate | December 31 | Health care cost trend rate assumed for next year | Rate to which the cost trend rate is assumed to decline | Year that the trend rate reaches the ultimate trend rate |"}
{"_id": "d8a789270", "title": "", "text": "Commitments and Contingencies—Litigation,” to our consolidated financial statements.\nWe expect that this increase in selling, general and administrative expense will be offset somewhat by the moratorium of the medical device tax in the U. S.  for the next two calendar years beginning in January 2016.\nIncome Tax Provision We recorded an income tax provision of $27.7 million for fiscal 2016, compared to an income tax benefit of $84.9 million for fiscal 2015.\nThe increase in income tax provision for fiscal 2016 was due to the fact that we had a full valuation allowance on most of our federal, state and certain foreign deferred tax assets prior to March 31, 2015, at which time most of the valuation allowance was reversed.\nThe income tax provision for fiscal 2016 was primarily due to the income before taxes of $65.8 million generated in fiscal 2016, primarily in the U. S.  and Germany.\nThe income tax benefit in fiscal 2015 was comprised of an $87.1 million deferred tax benefit primarily due to the release of our valuation allowance on certain of our deferred tax assets in the year ended March 31, 2015, partially offset by a current income tax provision of $2.2 million in U.\nS and Germany.\nNet Income For fiscal 2016, we recognized net income of $38.1 million, or $0.90 per basic share and $0.85 per diluted share, compared to $113.7 million, or $2.80 per basic share and $2.65 per diluted share for fiscal 2015.\nOur net income for fiscal 2016 was driven primarily to higher Impella product revenue due to greater utilization of our Impella products in the U. S.  and Europe, partially offset by the increase in income tax provision for fiscal 2016 due to the fact that we had a full valuation allowance on most of our deferred tax assets prior to March 31, 2015, at which time most of the valuation allowance was reversed.\nOur net income for fiscal 2015 included an income tax benefit of $84.9 million, primarily due to the release of our valuation allowance on certain of our deferred tax assets."}
{"_id": "d8ab978c6", "title": "", "text": "| Net realized/unrealized gains (losses) included in Transfers in and/or Purchases, issuances Unrealized gains | December 31, | In millions of dollars | State and municipal | Foreign government | Corporate | Equity securities | Other debt securities | Non-marketable equity securities | Total investments | Loans | Mortgage servicing rights | Other financial assets measured on a | recurring basis | Liabilities | Interest-bearing deposits | Federal funds purchased and securities | loaned or sold under agreements | to repurchase | Trading account liabilities | Securities sold, not yet purchased | Short-term borrowings | Long-term debt | Other financial liabilities measured on a | recurring basis |"}
{"_id": "d87dc685c", "title": "", "text": "| Years Ended December 31, | 2010 | (In millions, except | per share data) | Total revenues | Income (loss) from continuing operations, net of income tax, attributable to common shareholders | Income (loss) from continuing operations, net of income tax, attributable to common shareholders per common share: | Basic | Diluted |"}
{"_id": "d8ed43220", "title": "", "text": "To minimize the income volatility resulting from the remeasurement of net monetary assets and payables denominated in a currency other than the functional currency, we enter into foreign currency forward contracts, which are considered economic hedges.\nThe objective is to offset the gain or loss from remeasurement with the gain or loss from the fair market valuation of the forward contract.\nThese derivative instruments are not designated as hedges under GAAP.\nThe table below summarizes our outstanding foreign currency forward contracts.\nOnly the U. S.  dollar forward contracts are designated and qualify for hedge accounting as of each period presented below.\nThe currencies in this table represent 94 percent and 95 percent of the notional amounts of contracts outstanding as of December 31, 2013 and 2012."}
{"_id": "d8b7d5002", "title": "", "text": "| December 31, 2010 December 31, 2009 | (in millions) | Assets: | Fixed maturities | Equity securities | Mortgage and other loans receivable | Finance receivables, net of allowance | Other invested assets* | Securities purchased under agreements to resell | Short-term investments | Cash | Unrealized gain on swaps, options and forward transactions | Liabilities: | Policyholder contract deposits associated with investment-type contracts | Securities sold under agreements to repurchase | Securities and spot commodities sold but not yet purchased | Unrealized loss on swaps, options and forward transactions | Trust deposits and deposits due to banks and other depositors | Federal Reserve Bank of New York Commercial Paper Funding Facility | Federal Reserve Bank of New York credit facility | Other long-term debt | Buildings and improvements | Office furniture and equipment | Manufacturing and engineering equipment | Vehicles |"}
{"_id": "d8dce4f46", "title": "", "text": "Coal Combustion Residuals In June 2010 the EPA issued a proposed rule on coal combustion residuals (CCRs) that contained two primary regulatory options: (1) regulating CCRs destined for disposal in landfills or received (including stored) in surface impoundments as so-called “special wastes” under the hazardous waste program of RCRASubtitle C; or (2) regulating CCRs destined for disposal in landfills or surface impoundments as non-hazardous wastes under Subtitle D of RCRA.\nUnder both options, CCRs that are beneficially reused in certain processes would remain excluded from hazardous waste regulation.\nIn April 2015 the EPA published the final CCR rule with the material being regulated under the second scenario presented above - as non-hazardous wastes regulated under RCRA Subtitle D.  The final regulations create new compliance requirements including modified storage, new notification and reporting practices, product disposal considerations, and CCR unit closure criteria.\nEntergy believes that on-site disposal options will be available at its facilities, to the extent needed for CCR that cannot be transferred for beneficial reuse.\nIn December 2016, the Water Infrastructure Improvements for the Nation Act was signed into law, which authorizes states to regulate coal ash rather than leaving primary enforcement to citizen suit actions.\nStates may submit to the EPA proposals for permit programs.\nEntergy is monitoring state agency actions and will participate in the regulatory development process."}
{"_id": "d8efed232", "title": "", "text": "NOTE 15.\nLEASES, OTHER COMMITMENTS, AND CONTINGENCIES Our leases are generally for warehouse space and equipment.\nRent expense under all operating leases from continuing operations was $189.4 million in fiscal 2018, $188.1 million in fiscal 2017, and $189.1 million in fiscal 2016.\nSome operating leases require payment of property taxes, insurance, and maintenance costs in addition to the rent payments.\nContingent and escalation rent in excess of minimum rent payments and sublease income netted in rent expense were insignificant.\nNoncancelable future lease commitments are:"}
{"_id": "d8afb073c", "title": "", "text": "| December 31 | 2008 | Other current assets | Sundry | Other current liabilities | Deferred income taxes | $18.9 |"}
{"_id": "d8b605434", "title": "", "text": "During 2012, CMG revenue increased by $104.9 compared to 2011, due principally to an organic revenue increase of $91.8.\nThe organic revenue increase was primarily due to net client wins and net higher spending from existing clients across all disciplines, primarily in our events marketing and public relations businesses.\nThe international organic revenue increase occurred throughout nearly all regions, primarily in the Asia Pacific region, most notably in Australia, Singapore and China, and in the United Kingdom, where our events marketing business benefited from work performed for the London Olympics in the third quarter of 2012.\nRevenues in the events marketing business can fluctuate due to timing of completed projects where we act as principal, as revenue is typically recognized when the project is complete.\nThe domestic organic revenue increase was primarily due to growth in our public relations and sports marketing businesses."}
{"_id": "d8a65c51e", "title": "", "text": "| 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter | 2009 | (Unaudited) (In millions, except per share data) | Revenues | Gross margin | Gross margin % | Restructuring charges | Goodwill impairment | Intangible and other asset impairment | Net income | Basic earnings per common share | Diluted earnings per common share | Weighted average common shares outstanding | Diluted weighted average common shares outstanding | Cash dividends declared per common share | Price range of common stock | High | Low |"}
{"_id": "d8d930c4c", "title": "", "text": "Cost of Sales and Service Revenues Cost of product sales, cost of service revenues, income from operating investments, net, and general and administrative expenses were as follows:"}
{"_id": "d8ec82188", "title": "", "text": "| Fiscal Year ($ in millions) | 2007 | 2008 | 2009 | 2010 | 2011 | Thereafter | Total minimum lease payments | Less: Amount representing interest | Present value of net minimum lease payments |"}
{"_id": "d8d504a60", "title": "", "text": "E.  During 2014, we acquired real estate for $11.6 million via exchanges of our properties.\nF.  Accrued costs on properties under development resulted in an increase in buildings and improvements and accounts payable of $2.6 million and $4.0 million at December 31, 2016 and 2014, respectively.16.\nEmployee Benefit Plan We have a 401(k) plan covering substantially all of our employees.\nUnder our 401(k) plan, employees may elect to make contributions to the plan up to a maximum of 60% of their compensation, subject to limits under the Code.\nWe match 50% of each of our employee's salary deferrals up to the first 6% of the employee's eligible compensation.\nOur aggregate matching contributions each year have been immaterial to our results of operations.17.\nCommon Stock Incentive Plan In 2012, our Board of Directors adopted and stockholders approved the Realty Income Corporation 2012 Incentive Award Plan, or the 2012 Plan, to enable us to motivate, attract and retain the services of directors and employees considered essential to our long-term success.\nThe 2012 Plan offers our directors and employees an opportunity to own our stock or rights that will reflect our growth, development and financial success.\nUnder the terms of the 2012 plan, the aggregate number of shares of our common stock subject to options, restricted stock, stock appreciation rights, restricted stock units and other awards, will be no more than 3,985,734 shares.\nThe 2012 Plan has a term of ten years from the date it was adopted by our Board of Directors.\nThe amount of share-based compensation costs recognized in general and administrative expense on our consolidated statements of income was $12.0 million during 2016, $10.4 million during 2015, and $12.0 million during 2014.\nA.\nRestricted Stock The following table summarizes our common stock grant activity under our 2012 Plan.\nOur outstanding restricted stock vests over periods ranging from immediately to five years."}
{"_id": "d88212b9a", "title": "", "text": "UNITED PARCEL SERVICE, INC.  AND SUBSIDIARIES MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 43 Income Tax Expense The following table sets forth income tax expense and our effective tax rate for the years ended December 31, 2017, 2016 and 2015 (in millions):"}
{"_id": "d8d34d834", "title": "", "text": "The Business Banking segment provides deposit, lending, cash management and other financial services to small businesses and professionals through the Companys banking office network and several other delivery channels, including business banking centers, telephone banking, Internet banking and automated teller machines.\nThe Commercial Banking segment provides a wide range of credit products and banking services to middle-market and large commercial customers, mainly within the markets the Company serves.\nAmong the services provided by this segment are commercial lending and leasing, letters of credit, deposit products and cash management services.\nThe Commercial Real Estate segment provides credit services which are secured by various types of multifamily residential and commercial real estate and deposit services to its customers.\nActivities of this segment include the origination, sales and servicing of commercial real estate loans.\nThe Discretionary Portfolio segment includes securities, residential mortgage loans and other assets; short-term and long-term borrowed funds; brokered deposits; and Cayman Islands branch deposits.\nThis segment also provides foreign exchange services to customers.\nThe Residential Mortgage Banking segment originates and services residential real estate loans for consumers and sells substantially all of those loans in the secondary market to investors or to the Discretionary Portfolio segment.\nThe segment periodically purchases servicing rights to loans that have been originated by other entities.\nResidential real estate loans held for sale are included in the Residential Mortgage Banking segment.\nThe Retail Banking segment offers a variety of services to consumers through several delivery channels that include banking offices, automated teller machines, telephone banking and Internet banking.\nThe All Other category includes other operating activities of the Company that are not directly attributable to the reported segments; the difference between the provision for credit losses and the calculated provision allocated to the reportable segments; goodwill and core deposit and other intangible assets resulting from acquisitions of financial institutions; merger-related gains and expenses resulting from acquisitions; the net impact of the Companys internal funds transfer pricing methodology; eliminations of transactions between reportable segments; certain nonrecurring transactions; the residual effects of unallocated support systems and general and administrative expenses; and the impact of interest rate risk management strategies.\nThe amount of intersegment activity eliminated in arriving at consolidated totals was included in the All Other category as follows:"}
{"_id": "d82080486", "title": "", "text": "| Year Ended December 31, Change from 2008 to 2009 Change from 2009 to 2010 | 2008 | (In thousands, except percentages) | Cost of net revenues: | Marketplaces | As a percentage of total Marketplaces net revenues | Payments | As a percentage of total Payments net revenues | Communications | As a percentage of total Communications net revenues | Total cost of net revenues | As a percentage of net revenues |"}
{"_id": "d881a7868", "title": "", "text": "On January 29, 2003, the Company declared a quarterly cash dividend of $.455 per share, payable on February 28, 2003, to common shareholders of record on February 14, 2003.\nMetLife, Inc.  Notes to Consolidated Financial Statements — (Continued) Casualty Insurance Company intends to vigorously defend these matters.\nHowever, any adverse rulings could result in an increase in the Company’s hurricane-related claim exposure and losses.\nBased on information known by management, it does not believe that additional claim losses resulting from Hurricane Katrina will have a material adverse impact on the Company’s consolidated financial statements.\nArgentina The Argentinean economic, regulatory and legal environment, including interpretations of laws and regulations by regulators and courts, is uncertain.\nPotential legal or governmental actions related to pension reform, fiduciary responsibilities, performance guarantees and tax rulings could adversely affect the results of the Company.\nUpon acquisition of Citigroup’s insurance operations in Argentina, the Company established insurance liabilities, most significantly death and disability policy liabilities, based upon its interpretation of Argentinean law at the time and the Company’s best estimate of its obligations under such law.\nIn 2006, a decree was issued by the Argentine Government regarding the taxability of pesification-related gains resulting in the reduction of certain tax liabilities.\nIn 2007, pension reform legislation in Argentina was enacted which changed the Company’s obligations and resulted in the elimination of the death and disability liabilities and the establishment of a liability for servicing obligations."}
{"_id": "d89663d24", "title": "", "text": "Defined Contribution Plans We maintain a nonleveraged employee stock ownership plan (ESOP) which forms part of the Air Products and Chemicals, Inc.  Retirement Savings Plan (RSP).\nThe ESOP was established in May of 2002.\nThe balance of the RSP is a qualified defined contribution plan including a 401(k) elective deferral component.\nA substantial portion of U. S.  employees are eligible and participate.\nWe treat dividends paid on ESOP shares as ordinary dividends.\nUnder existing tax law, we may deduct dividends which are paid with respect to shares held by the plan.\nShares of the Company’s common stock in the ESOP totaled 3,031,534 as of 30 September 2016.\nOur contributions to the RSP include a Company core contribution for certain eligible employees who do not receive their primary retirement benefit from the defined benefit pension plans, with the core contribution based\ndistillate retail gross margin partially offset by higher administrative expenses.\nThe refining and wholesale marketing margin in 2003 averaged 6.0 cents per gallon, versus 2002 level of 3.9 cents.\nThe gasoline and distillate gross margin for its retail business was 12.3 cents per gallon in 2003, as compared to 10.1 cents per gallon in 2002.\nThe higher administrative expenses were due primarily to higher employee related costs.\nResults for 2003 also included $34 million of gains from the sale of certain interests in refined product pipelines.\nDerivative losses, which are included in the refining and wholesale marketing margin, were $272 million in 2004 compared to $158 million in 2003 and $124 million in 2002.\nThese derivative losses were generally incurred to mitigate the price risk of certain crude oil and other feedstock purchases, to protect carrying values of excess inventories and to protect crack spread values.\nGains on the sale of SSA stores included in segment income were $17 million, $8 million and $37 million for 2004, 2003 and 2002.\nIG segment income increased by $51 million in 2004 from 2003, following a decrease of $26 million in 2003 from 2002.\nThe increase in 2004 was primarily due to increased earnings from our investment in AMPCO and higher income from LNG operations, partially offset by costs associated with ongoing development of certain integrated gas projects and lower margins from gas marketing activities, including recognized changes in the fair value of derivatives used to support those activities.\nThe AMPCO methanol plant in Equatorial Guinea operated at a 95 percent on-stream factor in 2004 and prices were strong, averaging nearly $227 per ton for the year.\nAdditionally, the 2003 results included an impairment charge of $22 million on an equity method investment and a loss of $17 million on the termination of two tanker operating leases.\nThe decrease in 2003 is due to the impairment charge of $22 million and the loss of $17 million on leases as discussed above and higher expenses related to the development of an integrated gas business, partially offset by higher AMPCO earnings."}
{"_id": "d8c62058a", "title": "", "text": "| Amount of gain (loss) recognized in net income on derivatives for the year ended December 31, | Derivatives not designated as hedging instruments | (in millions) | Interest rate contracts | Foreign exchange contracts | Equity contracts | Credit contracts | Other contracts -1 | Total | December 31, 2009 | Carrying amount | ($ in millions) | Fixed maturity securities: | Public | Private | Equity securities | Mortgage loans: | Commercial | Residential | Real estate held for sale | Real estate held for investment | Policy loans | Other investments | Total invested assets | Cash and cash equivalents | Total invested assets and cash | December 31, 2009 | Carrying amount | ($ in millions) | U.S. Government and agencies | States and political subdivisions | Non-U.S. governments | Corporate — public | Corporate — private | Residential pass-through securities | Commercial mortgage-backed securities | Residential collateralized mortgage obligations | Asset-backed securities | Total fixed maturity securities | December 31, 2009 | Risk Management Strategy | Primary duration-managed | Duration-monitored | Non duration-managed | Total |"}
{"_id": "d8cc161ce", "title": "", "text": "| 2008 2007 2006 | Gain on disposition, adjustment or impairment of acquired assets and obligations | Consulting and professional fees | Employee severance and retention | Information technology integration | In-process research & development | Integration personnel | Facility and employee relocation | Distributor acquisitions | Sales agent and lease contract terminations | Other | Acquisition, Integration and Other |"}
{"_id": "d8b1ba92e", "title": "", "text": "| December 31, 2008Dollars in millions 1 Year or Less After 1 Year through 5 Years After 5 Years through 10 Years After 10 Years Total | SECURITIESAVAILABLEFORSALE | US Treasury and government agencies | Residential mortgage-backed | Commercial mortgage-backed | Asset-backed | State and municipal | Other debt | Total debt securities available for sale | Fair value | Weighted-average yield, GAAP basis | SECURITIESHELDTOMATURITY | Commercial mortgage-backed | Asset-backed | Other debt | Total debt securities held to maturity | Fair value | Weighted-average yield, GAAP basis | (In millions) | Assets (a) | Liabilities |"}
{"_id": "d8e6fadb4", "title": "", "text": "| Year Ended December | in millions | Fixed Income, Currency and Commodities Client Execution | Equities client execution1 | Commissions and fees | Securities services | Total Equities | Total net revenues | Operating expenses | Pre-tax earnings | December 31, 2010 | Amortized Cost | (in millions) | Short-term investments and cash equivalents | Fixed maturities: | Corporate securities | Commercial mortgage-backed securities | Residential mortgage-backed securities | Asset-backed securities | Foreign government bonds | U.S. government authorities and agencies and obligations of U.S. states | Total fixed maturities | Equity securities | Total trading account assets supporting insurance liabilities | December 31, 2010 | Industry-1 | (in millions) | Corporate Securities: | Manufacturing | Utilities | Services | Finance | Energy | Transportation | Retail and Wholesale | Other | Total Corporate Securities |"}
{"_id": "d8ec4f49a", "title": "", "text": "| December 31,   2007 March 31,   2008 June 30,   2008 September 30,   2008 December 31,   2008 | (In millions) | Regulatory capital | Arbitrage — multi-sector CDO | Arbitrage — corporate | Total |"}
{"_id": "d8b3e31ec", "title": "", "text": "GECS global revenues decreased 1% to $26.4 billion in 2010, compared with $26.7 billion and $37.2 billion in 2009 and 2008, respectively, primarily as a result of decreases in Europe.\nGECS global revenues as a percentage of total GECS revenues were 52% in 2010, compared with 51% and 53% in 2009 and 2008, respectively.\nGECS global revenue decreased by 28% in 2009 from $37.2 billion in 2008, primarily due to dispositions in Europe and the Pacific Basin."}
{"_id": "d8d6c5f34", "title": "", "text": "| Expected to mature before December 31, | December 31, 2015 | ($ millions, except percentages) | Fixed rate debt | Principal ($) | Fixed rate payable | Floating rate debt | Principal ($) | Variable rate payable(ii) | Derivatives - interest rate swaps | Notional principal ($) | Fixed rate receivable | Variable rate payable |"}
{"_id": "d85fddf16", "title": "", "text": "| Shares (In millions) | $11.00 | $12.00 | $13.00 | $14.00 | $15.00 | $16.00 | $17.00 | $18.00 | $19.00 | $20.00 |"}
{"_id": "d89b8a3d4", "title": "", "text": "During fiscal 2013 we generated $1.4 billion in cash from operations.\nWe also received $165 million in cash from the issuance of common stock under employee stock plans.\nDuring the same period we used $308 million in cash for net purchases of investments, $292 million for the repurchase of shares of our common stock under our stock repurchase programs, $203 million for the payment of cash dividends, and $195 million for capital expenditures."}
{"_id": "d8efed0f2", "title": "", "text": "During fiscal 2017, the Internal Revenue Service (IRS) concluded its field examination of our federal tax returns for fiscal 2013 and 2014.\nThe audit closure and related adjustments did not have a material impact on our results of operations or financial position.\nIn fiscal 2018, we recorded an adjustment related to a prior year which increased income tax expense by $40.9 million.\nWe have notified and are working with the IRS to resolve the issue.\nWe determined the adjustment to be immaterial to our Consolidated Statements of Earnings for the fiscal year ended May 27, 2018.\nWe have effectively settled all issues with the IRS for fiscal years 2014 and prior.\nDuring fiscal 2017, the Brazilian tax authority, Secretaria da Receita Federal do Brasil (RFB), concluded audits of our 2012 and 2013 tax return years.\nThese audits included a review of our determinations of amortization of certain goodwill arising from the acquisition of Yoki.\nThe RFB has proposed adjustments that effectively eliminate the goodwill amortization benefits related to this transaction.\nWe believe we have meritorious defenses and intend to contest the disallowance.\nWe apply a more-likely-than-not threshold to the recognition and derecognition of uncertain tax positions.\nAccordingly, we recognize the amount of tax benefit that has a greater than 50 percent likelihood of being ultimately realized upon settlement.\nFuture changes in judgment related to the expected ultimate resolution of uncertain tax positions will affect earnings in the period of such change.\nThe following table sets forth changes in our total gross unrecognized tax benefit liabilities, excluding accrued interest, for fiscal 2018 and fiscal 2017.\nApproximately $135 million of this total in fiscal 2018 represents the amount that, if recognized, would affect our effective income tax rate in future periods.\nThis amount differs from the gross unrecognized tax benefits presented in the table because certain of the liabilities below would impact deferred taxes if recognized.\nWe also would record a decrease in U. S.  federal income taxes upon recognition of the state tax benefits included therein."}
{"_id": "d8d42a8e2", "title": "", "text": "| Facility Drawn(a) Available Cash Liquidity Facility | (Millions of Dollars) | NSP-Minnesota | PSCo | SPS | Xcel Energy — Holding Company | NSP-Wisconsin(b) | Total |"}
{"_id": "d87a08bde", "title": "", "text": "| Dollars in millions 2015 2014 | January 1 | Total net charge-offs | Provision for credit losses | Net change in allowance for unfunded loan commitments and letters of credit | Write-offs of purchased impaired loans (a) | Other | December 31 | Net charge-offs to average loans (for the year ended) | Allowance for loan and lease losses to total loans (a) | Commercial lending net charge-offs | Consumer lending net charge-offs | Total net charge-offs | Net charge-offs to average loans (for the year ended) | Commercial lending | Consumer lending |"}
{"_id": "d8223559c", "title": "", "text": "RETIREMENT BENEFITS Pension and Postretirement Plans The Company has several non-contributory defined benefit pension plans covering certain U. S. employees and has various defined benefit pension and termination indemnity plans covering employees outside the U. S. The U. S. qualified defined benefit plan was frozen effective January 1, 2008 for most employees.\nAccordingly, no additional compensation-based contributions have been credited to the cash balance portion of the plan for existing plan participants after 2007.\nHowever, certain employees covered under the prior final pay plan formula continue to accrue benefits.\nThe Company also offers postretirement health care and life insurance benefits to certain eligible U. S. retired employees, as well as to certain eligible employees outside the U. S. The Company also sponsors a number of non-contributory, nonqualified pension plans.\nThese plans, which are unfunded, provide supplemental defined pension benefits to certain U. S. employees.\nWith the exception of certain employees covered under the prior final pay plan formula, the benefits under these plans were frozen in prior years.\nThe plan obligations, plan assets and periodic plan expense for the Company’s most significant pension and postretirement benefit plans (Significant Plans) are measured and disclosed quarterly, instead of annually.\nThe Significant Plans captured approximately 90% of the Company’s global pension and postretirement plan obligations as of December 31, 2016.\nAll other plans (All Other Plans) are measured annually with a December 31 measurement date.\nNet (Benefit) Expense The following table summarizes the components of net (benefit) expense recognized in the Consolidated Statement of Income for the Company’s pension and postretirement plans, for Significant Plans and All Other Plans:"}
{"_id": "d8d2c9b06", "title": "", "text": "| (in millions) December 31,2017 December 31,2016 | Available-for-sale investments | Held-to-maturity investments | Trading investments: | Consolidated sponsored investment funds: | Debt securities | Equity securities | Other equity and debt securities | Deferred compensation plan mutual funds | Total trading investments | Other investments: | Equity method investments-1 | Cost method investments-2 | Carried interest-3 | Total other investments | Total investments |"}
{"_id": "d8b3fe618", "title": "", "text": "As of Dec.  31, 2005 and 2004, a 100-basis-point change in the benchmark rate on Xcel Energy’s variable rate debt would impact pretax interest expense by approximately $10.3 million and $6.8 million, respectively.\nSee Note 12 to the Consolidated Financial Statements for a discussion of Xcel Energy and its subsidiaries’ interest rate swaps.\nXcel Energy and its subsidiaries also maintain trust funds, as required by the Nuclear Regulatory Commission (NRC), to fund certain costs of nuclear decommissioning, which are subject to interest rate risk and equity price risk.\nAs of Dec.  31, 2005 and 2004, these funds were invested primarily in domestic and international equity securities and fixed-rate fixed-income securities.\nPer NRC mandates, these funds may be used only for activities related to nuclear decommissioning.\nThe accounting for nuclear decommissioning recognizes that costs are recovered through rates; therefore fluctuations in equity prices or interest rates do not have an impact on earnings.\nCredit Risk In addition to the risks discussed previously, Xcel Energy and its subsidiaries are exposed to credit risk.\nCredit risk relates to the risk of loss resulting from the nonperformance by a counterparty of its contractual obligations.\nXcel Energy and its subsidiaries maintain credit policies intended to minimize overall credit risk and actively monitor these policies to reflect changes and scope of operations.\nXcel Energy and its subsidiaries conduct standard credit reviews for all counterparties.\nXcel Energy employs additional credit risk control mechanisms when appropriate, such as letters of credit, parental guarantees, standardized master netting agreements and termination provisions that allow for offsetting of positive and negative exposures.\nThe credit exposure is monitored and, when necessary, the activity with a specific counterparty is limited until credit enhancement is provided.\nAt Dec.  31, 2005, a 10-percent increase in prices would have resulted in a net mark-to-market increase in credit risk exposure of $44.2 million, while a decrease of 10 percent would have resulted in a decrease of $41.1 million."}
{"_id": "d89348a7c", "title": "", "text": "| Years ended December 31, | 2006 | IAN | Goodwill impairment | Other | Total |"}
{"_id": "d8cf64060", "title": "", "text": "| Increase/(Decrease)in Fair Market Value | As of December 31, | 2017 | 2016 |"}
{"_id": "d8f32b03e", "title": "", "text": "NET INCOME PER COMMON SHARE The computation of basic net income allocated to common stockholders is calculated by reducing net income for the period by dividends paid or declared and undistributed net income for the period that are allocated to participating securities to arrive at net income allocated to common stockholders.\nNet income allocated to common stockholders is divided by the weighted average number of common shares outstanding during the period to determine net income per share allocated to common stockholders.\nThe computation of diluted earnings per share is calculated by dividing net income allocated to common stockholders by the sum of the weighted average number of common shares outstanding plus all additional common shares that would have been outstanding if the potentially dilutive common shares had been issued.\nThe dilutive effect is calculated using the more dilutive of the two-class or treasury stock method.\nbasis with each other.\nThe Global FX segment also includes non-deliverable forward FX transactions executed on Cboe SEF.\nSee ‘‘Management’s Discussion and Analysis of Financial Condition and Results of Operations’’ and Note 17—Segment Reporting to the notes to our Consolidated Financial Statements for discussion of total revenues, revenues before reimbursements, segment operating profit and total assets by business segment.\nCertain areas within our segments operate globally.\nFor information regarding risks related to our international operations see ‘‘Risk Factors.\n’’ The following chart illustrates volume for options (Cboe Options, C2 Options, BZX Options and EDGX Options); Futures (CFE); U. S.  Equities (BZX Equities, BYX Equities, EDGA Equities, EDGX Equities); European Equities; and Global FX (Cboe FX) for the periods indicated (which includes information prior to the acquisition of Bats):"}
{"_id": "d86249160", "title": "", "text": "| Year Ended December 31, | 2014 | (Dollars in thousands, except share data) | Weighted average shares: | Basic | Diluted | STATEMENTS OF CASH FLOWS DATA: | Net cash provided by operating activities | Net cash used in investing activities | Net cash (used in) provided by financing activities | OTHER DATA: | EBITDA -3 |"}
{"_id": "d883f93c8", "title": "", "text": "| 2018 2017 | Television programming | Released, less amortization | In production | Pre-production | Theatrical programming | Released, less amortization | In production | Pre-production | Total program production costs |"}
{"_id": "d8eed0962", "title": "", "text": "Operating Expenses The following table provides a summary of certain of our operating expenses:"}
{"_id": "d8ca03350", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Managements Discussion and Analysis Non-Interest Revenues.\nInvestment banking revenues in the consolidated statements of earnings were $7.03 billion for 2015, 9% higher than 2014, due to significantly higher revenues in financial advisory, reflecting strong client activity, particularly in the U. S.  Industry-wide completed mergers and acquisitions increased significantly compared with the prior year.\nRevenues in underwriting were lower compared with a strong 2014.\nRevenues in debt underwriting were lower compared with 2014, reflecting significantly lower leveraged finance activity.\nRevenues in equity underwriting were also lower, reflecting significantly lower revenues from initial public offerings and convertible offerings, partially offset by significantly higher revenues from secondary offerings.\nInvestment management revenues in the consolidated statements of earnings were $5.87 billion for 2015, 2% higher than 2014, due to slightly higher management and other fees, primarily reflecting higher average assets under supervision, and higher transaction revenues.\nCommissions and fees in the consolidated statements of earnings were $3.32 billion for 2015, essentially unchanged compared with 2014.\nMarket-making revenues in the consolidated statements of earnings were $9.52 billion for 2015, 14% higher than 2014.\nExcluding a gain of $289 million in 2014 related to the extinguishment of certain of our junior subordinated debt, market-making revenues were 18% higher than 2014, reflecting significantly higher revenues in interest rate products, currencies, equity cash products and equity derivatives.\nThese increases were partially offset by significantly lower revenues in mortgages, commodities and credit products.\nOther principal transactions revenues in the consolidated statements of earnings were $5.02 billion for 2015, 24% lower than 2014.\nThis decrease was primarily due to lower revenues from investments in equities, principally reflecting the sale of Metro International Trade Services (Metro) in the fourth quarter of 2014 and lower net gains from investments in private equities, driven by corporate performance.\nIn addition, revenues in debt securities and loans were significantly lower, reflecting lower net gains from investments.\nNet Interest Income.\nNet interest income in the consolidated statements of earnings was $3.06 billion for 2015, 24% lower than 2014.\nThe decrease compared with 2014 was due to lower interest income resulting from a reduction in interest income related to financial instruments owned, at fair value, partially offset by the impact of an increase in total average loans receivable.\nThe decrease in interest income was partially offset by a decrease in interest expense, which primarily reflected lower interest expense related to financial instruments sold, but not yet purchased, at fair value and other interest-bearing liabilities, partially offset by higher interest expense related to long-term borrowings.\nSee Supplemental Financial Information  Statistical Disclosures  Distribution of Assets, Liabilities and Shareholders Equity for further information about our sources of net interest income.\nOperating Expenses Our operating expenses are primarily influenced by compensation, headcount and levels of business activity.\nCompensation and benefits includes salaries, discretionary compensation, amortization of equity awards and other items such as benefits.\nDiscretionary compensation is significantly impacted by, among other factors, the level of net revenues, overall financial performance, prevailing labor markets, business mix, the structure of our sharebased compensation programs and the external environment.\nIn addition, see Use of Estimates for additional information about expenses that may arise from litigation and regulatory proceedings.\nIn the context of the challenging environment during the first half of 2016, we completed an initiative that identified areas where we can operate more efficiently, resulting in a reduction of approximately $900 million in annual run rate compensation.\nFor 2016, net savings from this initiative, after severance and other related costs, were approximately $500 million."}
{"_id": "d8a28fb70", "title": "", "text": "Other Commitments The Company utilizes several outsourcing partners to manufacture sub-assemblies for the Companys products and to perform final assembly and testing of finished products.\nThese outsourcing partners acquire components and build product based on demand information supplied by the Company, which typically covers periods up to 150 days.\nThe Company also obtains individual components for its products from a wide variety of individual suppliers.\nConsistent with industry practice, the Company acquires components through a combination of purchase orders, supplier contracts and open orders based on projected demand information.\nWhere appropriate, the purchases are applied to inventory component prepayments that are outstanding with the respective supplier.\nAs of September 26, 2015, the Company had outstanding off-balance sheet third-party manufacturing commitments and component purchase commitments of $29.5 billion."}
{"_id": "d8b69875c", "title": "", "text": "| (millions) AmortizedCost FairValue | Due in one year or less | Due after one year through five years | Due after five years through ten years | Due after ten years | Total fixed maturities |"}
{"_id": "d87b0fc6c", "title": "", "text": "| (in millions) 2017 2018 2019 2020 2021 Thereafter Total | Long-term debt obligations | Interest payments -1 | Lease obligations -1 | Purchase obligations -1 | Minimum royalty obligations -1 | Legal reserves | Unrecognized tax benefits -2 | $2,501 |"}
{"_id": "d8b16dc82", "title": "", "text": "| As of or for the year ended December 31, EMEA Asia/Pacific Latin America/Caribbean | (in millions, except headcount and where otherwise noted) | Revenue(a) | Countries of operation(b) | New offices | Total headcount(c) | Front-office headcount | Significant clients(d) | Deposits (average)(e) | Loans (period-end)(f) | Assets under management(in billions) | Client assets (in billions) | Assets under custody (in billions) |"}
{"_id": "d8beec43a", "title": "", "text": "Interest payments increased in 2015 primarily due to a higher level of debt outstanding.\nInterest payments remained relatively flat in 2014.\nThe increase in income tax payments in 2015 was primarily due to higher taxable income from operations offset by the timing of certain tax deductions.\nThe decrease in income tax payments in 2014 was primarily due to the settlement of tax disputes and the repatriation of foreign earnings in 2013.\nThe decrease was partially offset by higher taxable income from operations and the net impact of the economic stimulus legislation in 2014.\nWe expect income tax payments to increase in 2016 primarily due to higher taxable income from operations.\nInvesting Activities Net cash used in investing activities in 2015 consisted primarily of cash paid for capital expenditures, intangible assets, acquisitions and the purchases of investments, which was partially offset by proceeds from the sales of businesses and investments.\nNet cash used in investing activities in 2014 consisted primarily of cash paid for capital expenditures and intangible assets.\nNet cash used in investing activities in 2013 consisted primarily of cash paid for capital expenditures, acquisitions and construction of real estate properties, purchases of investments, and cash paid for intangible assets.\nCapital Expenditures Our most significant recurring investing activity has been capital expenditures in our Cable Communications segment, and we expect that this will continue in the future.\nThe table below summarizes the capital expenditures we incurred in our Cable Communications segment in 2015, 2014 and 2013."}
{"_id": "d8637a9a8", "title": "", "text": "| Year ended December 31, (in millions)(a) 2004 2003 2002 | U.S. | Non-U.S.(b) | Income before income tax expense |"}
{"_id": "d87492fba", "title": "", "text": "| Year Ended December 31, | 2011 | Operating Income | Add: Depreciation and Amortization | Intangible Impairments | Loss on Disposal/Write-Down of Property, Plant and Equipment (Excluding Real Estate), Net | Recall Costs-1 | REIT Costs-2 | Adjusted OIBDA |"}
{"_id": "d8b71cad4", "title": "", "text": "| Year Ended May 31, Unaudited | 2013 | (Actual) | (in thousands, except per share data) | Total revenues | Net income attributable to Global Payments | Net income per share attributable to Global Payments, basic | Net income per share attributable to Global Payments, diluted |"}
{"_id": "d8159e39c", "title": "", "text": "NOTE 6 ACQUISITIONS AND JOINT VENTURES OLMUKSAN 2014: In May 2014, the Company conducted a voluntary tender offer for the remaining outstanding 12.6% public shares of Olmuksan.\nThe Company also purchased outstanding shares of Olmuksan outside of the tender offer.\nAs of December 31, 2014 and 2015, the Company owned 91.7% of Olmuksan's outstanding and issued shares.2013: On January 3, 2013, International Paper completed the acquisition (effective date of acquisition on January 1, 2013) of the shares of its joint venture partner, Sabanci Holding, in the Turkish corrugated packaging company, Olmuksa International Paper Sabanci Ambalaj Sanayi ve Ticaret A. S. , now called Olmuksan International Paper Ambalaj Sanayi ve Ticaret A. S.  (Olmuksan), for a purchase price of $56 million.\nThe acquired shares represented 43.7% of Olmuksan's shares.\nPrior to this acquisition, International Paper held a 43.7% equity interest in Olmuksan.\nBecause the transaction resulted in International Paper becoming the majority shareholder, owning 87.4% of Olmuksan's outstanding and issued shares, its completion triggered a mandatory call for tender of the remaining public shares which began in March 2013 and ended in April 2013, with no shares tendered.\nAs a result, the 12.6% owned by other parties were considered non-controlling interests.\nOlmuksan's financial results have been consolidated with the Company's Industrial Packaging segment beginning January 1, 2013, the effective date which International Paper obtained majority control of the entity.\nFollowing the transaction, the Company's previously held 43.7% equity interest in Olmuksan was remeasured to a fair value of $75 million, resulting in a gain of $9 million.\nIn addition, the cumulative translation adjustment balance of $17 million relating to the previously held equity interest was reclassified, as expense, from accumulated other comprehensive income.\nThe final purchase price allocation indicated that the sum of the cash consideration paid, the fair value of the noncontrolling interest and the fair value of the previously held interest was less than the fair value of the underlying assets by $21 million, resulting in a bargain purchase price gain being recorded on this transaction.\nThe aforementioned remeasurement of equity interest gain, the cumulative translation adjustment to expense, and the bargain purchase gain are included in the Net bargain purchase gain on acquisition of business in the accompanying consolidated statement of operations.\nThe following table summarizes the final allocation of the purchase price to the fair value of assets and liabilities acquired as of January 1, 2013, which was completed in the fourth quarter of 2013."}
{"_id": "d89bf24fc", "title": "", "text": "(1) Certain assets in non-managed accounts, predominately comprised of cash balances, are excluded from the calculation of the account value for fee billing purposes.\nThe amounts presented have been revised from the amounts initially reported to reflect only billable assets and to present such balances on a consistent basis with those reported as of September 30, 2013.\n(2) In mid-February 2013, the client accounts of MK & Co.  were converted onto the RJ&A platform.\nYear ended September 30, 2013 compared with the year ended September 30, 2012  Asset Management Pre-tax income in the Asset Management segment increased $29 million, or 43%, over the prior year.\nInvestment advisory fee revenue increased by $49 million, or 25%, generated by an increase in assets under management.\nAssets under management in managed programs have increased $13.2 billion, or 31%, over the prior year.\nThe increase results from a combination of net inflows, inflows resulting from our acquisition of an interest in ClariVest, inflows resulting from the conversion of MK & Co.  accounts to the RJ&A platform, and market appreciation in asset values.\nAssets under management in non-managed programs have increased $9.4 billion, or 17%, over the prior year.\nThe increase results from a combination of net inflows, inflows resulting from the conversion of MK & Co.  accounts to the RJ&A platform, and market appreciation in asset values.\nOther revenue increased by $7 million, or 18%, primarily resulting from an increase in fee income generated by our RJT subsidiary reflecting a 19% increase in RJT client assets as compared to the prior year, to $2.92 billion as of September 30, 2013.\nExpenses increased by approximately $25 million, or 15%, resulting from a $11 million, or 13%, increase in administrative and incentive compensation and benefits costs, a $7 million, or 25%, increase in investment sub-advisory fees, a $4 million, or 12%, increase in other expenses and a $3 million, or 16%, increase in communications and information processing expense.\nThe increase in administrative and incentive compensation expense is a result of the combination of increases in salary expenses resulting from the addition of ClariVest, annual increases and additions to staff associated with our legacy operations, as well as an increase in performance compensation which is directly related to the increase in investment advisory fee revenues.\nThe increase in investment sub-advisory fee expense is directly related to the increase in advisory fees paid to the external managers associated with certain assets included within the UMA and Raymond James Consulting Services programs.\nThe increase in other expense is primarily due to increases in the costs incurred so that certain funds sponsored by Eagle are available as investment choices on the platforms of other broker-dealers and increases in the expenses of RJT result from the increase in client assets.\nThe increase in communication and information processing expense is primarily a result of the addition of ClariVest operations and costs associated with the implementation of a new back-office system supporting this segment.\nYear ended September 30, 2012 compared to the year ended September 30, 2011  Asset Management Pre-tax income in the Asset Management segment in fiscal year 2012 increased $1 million, or 2%, as compared to the prior year.\nInvestment advisory fee revenue in fiscal year 2012 increased by $10 million, or 5%, generated by an increase in assets under management.\nTotal legacy Raymond James assets under management in managed programs were $8.5 billion more at September 30, 2012 than they were as of September 30, 2011, an increase of 24% (fee revenue excludes fees arising from fee-based assets in programs managed by Morgan Keegan as the revenues associated with these activities are reflected in our PCG segment until the PCG integration occurs in fiscal year 2013).\nSince the prior year, net inflows of client assets into managed programs approximated $3 billion while asset values have increased by $5.5 billion.\nDespite the decrease in assets under management in non-managed programs experienced during the fourth quarter of fiscal year 2011, resulting in lower revenue during our first quarter of fiscal year 2012, assets in non-managed programs steadily increased during fiscal year 2012.\nAs a result of the manner in which our fee revenues are computed, the increase in assets under management experienced during the September 2012 quarter will have a positive impact on our billings for the first quarter of fiscal year 2013.\nExpenses increased by approximately $10 million, or 6%, in fiscal year 2012 resulting from a $5 million, or 6%, increase in administrative and performance based incentive compensation, and a $5 million, or 17%, increase in other expenses.\nThe increase in other expense is primarily due to increases in various corporate overhead allocations to this segment, increases in the costs incurred so that certain funds sponsored by Eagle are available as investment choices on the platforms of other broker-dealers, and an increase in the third party expenses RJT incurred in the performance of certain of its obligations to clients."}
{"_id": "d82604178", "title": "", "text": "material impact on the service cost and interest cost components of net periodic benefit costs for a 1% change in the assumed health care trend rate.\nFor most of the participants in the U. S.  plan, Aons liability for future plan cost increases for pre-65 and Medical Supplement plan coverage is limited to 5% per annum.\nBecause of this cap, net employer trend rates for these plans are effectively limited to 5% per year in the future.\nDuring 2007, Aon recognized a plan amendment which phases out post-65 retiree coverage in its U. S.  plan over the next three years.\nThe impact of this amendment on net periodic benefit cost is being recognized over the average remaining service life of the employees.14."}
{"_id": "d86f2aeba", "title": "", "text": "Market Risk Related to Foreign Currency Exchange Rates As a U. S. -based company with significant business operations outside of the U. S. , particularly in Japan, we are exposed to foreign currency exchange rate risk related to these operations, as well as in our general account investment portfolio and other proprietary investment portfolios.\nFor our international insurance operations, changes in foreign currency exchange rates create risk that we may experience volatility in the U. S.  dollar-equivalent earnings and equity of these operations.\nWe actively manage this risk through various hedging strategies, including the use of foreign currency hedges and through holding U. S.  dollar-denominated securities in the investment portfolios of certain of these operations.\nAdditionally, our Japanese insurance operations offer a variety of non-yen denominated products which are supported by investments in corresponding currencies.\nWhile these non-yen denominated assets are economically matched to the currency of the product liabilities, the accounting treatment may differ for changes in the value of these assets and liabilities due to moves in foreign currency exchange rates, resulting in volatility in reported U. S.  GAAP earnings.\nThis volatility has been mitigated by disaggregating the U. S.  and Australian dollar-denominated businesses in Gibraltar Life into separate divisions, each with its own functional currency that aligns with the underlying products and investments.\nFor certain of our international insurance operations outside of Japan, we elect to not hedge the risk of changes in our equity investments due to foreign exchange rate movements.\nFor further information, see “Management’s Discussion and Analysis of Financial Condition and Results of Operations—Impact of Foreign Currency Exchange Rates—Impact of products denominated in non-local currencies on U. S.  GAAP earnings” above.\nFor our domestic general account investment portfolios supporting our U. S.  insurance operations and other proprietary investment portfolios, our foreign currency exchange rate risk arises primarily from investments that are denominated in foreign currencies.\nWe"}
{"_id": "d8857920c", "title": "", "text": "| Years ended December 31 (in millions) 2006 2005 2004 | Net interest income (loss) | Non-interest income: | Fee-based revenues | Net security losses | Bank-owned life insurance | Other non-interest income | Total non-interest income | Non-interest expense | Loss before income tax expense | Income tax benefit | Loss from continuing operations | Average earning assets | Average liabilities | Year end assets |"}
{"_id": "d818189c4", "title": "", "text": "| $ in millions Before Consolidation-1 Consolidated Investment Products-2 Adjustments-1(3) Total | Year ended December 31, 2010 | Total operating revenues | Total operating expenses | Operating income | Equity in earnings of unconsolidated affiliates | Interest and dividend income | Other investment income/(losses) | Interest expense | Income before income taxes | Income tax provision | Net income | (Gains)/losses attributable to noncontrolling interests in consolidated entities, net | Net income attributable to common shareholders |"}
{"_id": "d8668673c", "title": "", "text": "Credit Derivative Portfolio by Counterparty"}
{"_id": "d898ddabe", "title": "", "text": "| Net unrealized gains on available-for-sale securities Net unrealized gains on derivative instruments Foreign currency translation adjustment Unrecognized postretirement benefit obligations Accumulated other comprehensive income | (in millions) | Balances at January 1, 2007 | Net change in unrealized gains on fixed maturities, available-for-sale | Net change in unrealized gains on equity securities, available-for-sale | Net change in unrealized gains on equity method subsidiaries and minority interest adjustments | Adjustments for assumed changes in amortization pattern | Net change in unrealized gains on derivative instruments | Change in net foreign currency translation adjustment | Change in unrecognized postretirement benefit obligations | Net change in provision for deferred income tax benefit (expense) | Balances at December 31, 2007 |"}
{"_id": "d89c0de6e", "title": "", "text": "| Balance at January 1, 2013 $180,993 | Increases in current period tax positions | Decreases in prior period measurement of tax positions | Balance at December 31, 2013 | Increases in current period tax positions | Decreases in prior period measurement of tax positions | Balance at December 31, 2014 |"}
{"_id": "d88afa578", "title": "", "text": "| Balance at January 1, 2007 $183,953 | Additions based on tax positions related to the current year | Additions for tax positions of prior years | Reductions for tax positions of prior years | Cash advance in connection with proposed settlement | Settlements with taxing authorities | Reductions as a result of the lapse of statute of limitations | Balance as of December 31, 2007 |"}
{"_id": "d886d0ab0", "title": "", "text": "| ($ in millions) 2012 2011 2010 | Underwritten products | Traditional life insurance premiums | Accident and health insurance premiums | Interest-sensitive life insurance contract charges | Subtotal | Annuities | Immediate annuities with life contingencies premiums | Other fixed annuity contract charges | Subtotal | Life and annuity premiums and contract charges-1 |"}
{"_id": "d825e6c7c", "title": "", "text": "| December 31, 2015 December 31, 2014 | Industry-1 | (in millions) | Corporate securities: | Finance | Consumer non-cyclical | Utility | Capital goods | Consumer cyclical | Foreign agencies | Energy | Communications | Basic industry | Transportation | Technology | Industrial other | Total corporate securities | Foreign government-3 | Residential mortgage-backed | Asset-backed securities-4 | Commercial mortgage-backed | U.S. Government | State & Municipal-5 | Total-6 |"}
{"_id": "d87c97e36", "title": "", "text": "| 2014 Unrestricted 2013 Unrestricted | Retail notes*: | Equipment: | Agriculture and turf | Construction and forestry | Total | Wholesale notes | Sales-type leases | Total |"}
{"_id": "d8848a634", "title": "", "text": "| Years Ended December 31, | 2009 | (in millions) | Assets: | Commercial mortgage loans: | Changes in instrument-specific credit risk | Other changes in fair value | Liabilities: | Long-term debt: | Changes in fair value |"}
{"_id": "d87cadb64", "title": "", "text": "| Net Sales-1 Assets Property, Plant, and Equipment | Years Ended December 31 | United States | China | Brazil | United Kingdom | Germany | Israel | Singapore | Other nations, net of eliminations | $30,146 |"}
{"_id": "d87c1d76c", "title": "", "text": "| Period Standard Deviation Suggested 2018 Scenario 2018 Scenario as a Multiple of Standard Deviation 2018 Change/ Return 2018 as a Multiple of Standard Deviation Original 2017 Scenario (based on Standard Deviation for 1997-2017 Period) | 10-Year Treasury | S&P 500 | USD/JPY | Market/Monetization Risk | Cash Flow Mismatch Risk | Event Funding Risk | Financing Risk |"}
{"_id": "d86745a1a", "title": "", "text": "| Dollars in millions December 31 2011 December 312010 | Fair value | Weighted-average life (in years) (a) | Weighted-average constant prepayment rate (a) | Weighted-average option adjusted spread | Amount | Dollars in millions | Commercial | Commercial real estate | Equipment lease financing | Home equity | Residential real estate | Non government insured | Government insured | Credit card | Other consumer | Non government insured | Government insured | Total |"}
{"_id": "d8ce91fac", "title": "", "text": "| Year Ended December 31, 2017 2016 2015 | Balance at beginning of year | Net charges to costs and expenses1 | Write-offs | Other2 | Balance at end of year |"}
{"_id": "d8af8a80c", "title": "", "text": "| 12 Months Ended December 30,2016 11 Months Ended January 1,2016 12 Months Ended January 30,2015 | Cost-reimbursement and fixed price-incentive fee (FP-IF) | Time and materials (T&M) and fixed-price-level-of-effort (FP-LOE) | Firm-fixed-price (FFP) | Total |"}
{"_id": "d8ab5b894", "title": "", "text": "In 2014, the Company incurred other operating charges of $1,183 million.\nThese charges primarily consisted of $601 million due to the Company’s productivity and reinvestment program and $208 million due to the integration of our German bottling and distribution operations.\nIn addition, the Company incurred a charge of $314 million due to a write-down we recorded related to our concentrate sales receivables from our bottling partner in Venezuela and an impairment of a Venezuelan trademark primarily due to higher exchange rates.\nThe write-down was recorded as a result of our revised assessment of the U. S.  dollar value we expect to realize upon the conversion of the Venezuelan bolivar into U. S.  dollars by our bottling partner to pay our concentrate sales receivables.\nThe Company also recorded a loss of $36 million as a result of the restructuring and transition of the Company’s Russian juice operations to an existing joint venture with an unconsolidated bottling partner.\nRefer to Note 18 of Notes to Consolidated Financial Statements and see below for additional information on our productivity and reinvestment program as well as the Company’s other productivity, integration and restructuring initiatives.\nRefer to Note 1 of Notes to Consolidated Financial Statements for additional information on the Venezuelan currency rate change.\nRefer to Note 19 of Notes to Consolidated Financial Statements for the impact these charges had on our operating segments."}
{"_id": "d8d3726c0", "title": "", "text": "| Year Ended December 31, | 2016 | (in millions) | Commercial mortgage loans-1: | Carrying value as of period end | Realized investment gains (losses) net | Mortgage servicing rights-2: | Carrying value as of period end | Realized investment gains (losses) net | Cost method investments-3: | Carrying value as of period end | Realized investment gains (losses) net |"}
{"_id": "d82715972", "title": "", "text": "| Property, City, State, Zip Code Year Completed Year Acquired Square Feet-1 /Apartment Units Average Rent Per Square Foot Percentage Leased-2 Principal Tenant(s) | Mount Vernon/South Valley/7770 Richmond HwyAlexandria, VA 22306-3(6)(12) | Old Keene MillSpringfield, VA 22152 | Pan AmFairfax, VA 22031 | Pentagon RowArlington, VA 22202-12 | Pike 7 PlazaVienna, VA 22180-6 | Shoppers’ WorldCharlottesville, VA 22091-12 | Shops at Willow LawnRichmond, VA 23230 | Tower Shopping CenterSpringfield, VA 22150 | Tyson’s StationFalls Church, VA 22043-12 | Village at ShirlingtonArlington, VA 22206-7 | Total All Regions—Retail-14 | Total All Regions—Residential |"}
{"_id": "d8cfea05c", "title": "", "text": "| 2013 2012 | Notes with rates from 2.13% to 6.15%, due 2016 to 2042 | Notes with rates from 7.00% to 7.75%, due 2016 to 2036 | Notes with a rate of 7.38%, due 2013 | Other debt | Total long-term debt | Less: unamortized discounts | Total long-term debt, net of unamortized discounts | Less: current maturities of long-term debt | Total long-term debt, net |"}
{"_id": "d8a411d90", "title": "", "text": "| Operating leases Purchase commitments | (In thousands) | 2006 | 2007 | 2008 | 2009 | 2010 | Beyond 2010 | $325,530 |"}
{"_id": "d8d3b0d8a", "title": "", "text": "In January 2010, the FASB issued FASB ASU 2010-06, Fair Value Measurements and Disclosures: Improving Disclosures about Fair Value Measurements (ASU 2010-06), which amends FASB ASC Topic 820.\nThe update provides additional disclosures for transfers in and out of Level 1 and 2 and for activity in Level 3 and clarifies certain other existing disclosure requirements.\nThe Company adopted ASU 2010-06 beginning January 15, 2010.\nThis update had no impact on the Companys financial position, results of operations or cash flows.4."}
{"_id": "d8ca74276", "title": "", "text": "| 2010 2009 2008 | Number of Shares | (In millions except share price) | Nonvested balance at beginning of period | Granted | Forfeited | Vested | Nonvested balance at end of period |"}
{"_id": "d87cdcdc4", "title": "", "text": "| Pension Postretirement | Minimum | Asset Category | U.S. Equities | International Equities | Fixed Maturities | Short-term Investments | Real Estate | Other |"}
{"_id": "d8b16dee4", "title": "", "text": "Note 12 – Securities Securities are classified as AFS, held-to-maturity (“HTM”) or trading.\nSecurities classified as trading assets are discussed in Note 3 on pages 195–215 of this Annual Report.\nPredominantly all of the Firm’s AFS and HTM investment securities (the “investment securities portfolio”) is held by CIO in connection with its asset-liability management objectives.\nAt December 31, 2013, the average credit rating of the debt securities comprising the investment securities portfolio was AA+ (based upon external ratings where available, and where not available, based primarily upon internal ratings which correspond to ratings as defined by S&P and Moody’s).\nAFS securities are carried at fair value on the Consolidated Balance Sheets.\nUnrealized gains and losses, after any applicable hedge accounting adjustments, are reported as net increases or decreases to accumulated other comprehensive income/(loss).\nThe specific identification method is used to determine realized gains and losses on AFS securities, which are included in securities gains/(losses) on the Consolidated Statements of Income.\nHTM debt securities, which management has the intent and ability to hold until maturity, are carried at amortized cost on the Consolidated Balance Sheets.\nFor both AFS and HTM debt securities, purchase discounts or premiums are amortized into interest income.\nOther-than-temporary impairment AFS debt and equity securities and HTM debt securities in unrealized loss positions are analyzed as part of the Firm’s ongoing assessment of other-than-temporary impairment (“OTTI”).\nFor most types of debt securities, the Firm considers a decline in fair value to be other-than-temporary when the Firm does not expect to recover the entire amortized cost basis of the security.\nFor beneficial interests in securitizations that are rated below “AA” at their acquisition, or that can be contractually prepaid or otherwise settled in such a way that the Firm would not recover substantially all of its recorded investment, the Firm considers an OTTI to have occurred when there is an adverse change in expected cash flows.\nFor AFS equity securities, the Firm considers a decline in fair value to be other-than-temporary if it is probable that the Firm will not recover its amortized cost basis.\nPotential OTTI is considered using a variety of factors, including the length of time and extent to which the market value has been less than cost; adverse conditions specifically related to the industry, geographic area or financial condition of the issuer or underlying collateral of a security; payment structure of the security; changes to the rating of the security by a rating agency; the volatility of the fair value changes; and the Firm’s intent and ability to hold the security until recovery.\nFor AFS debt securities, the Firm recognizes OTTI losses in earnings if the Firm has the intent to sell the debt security, or if it is more likely than not that the Firm will be required to sell the debt security before recovery of its amortized cost basis.\nIn these circumstances the impairment loss is equal to the full difference between the amortized cost basis and the fair value of the securities.\nFor debt securities in an unrealized loss position, including AFS securities the Firm has the intent and ability to hold, the expected cash flows to be received from the securities are evaluated to determine if a credit loss exists.\nIn the event of a credit loss, only the amount of impairment associated with the credit loss is recognized in income.\nAmounts relating to factors other than credit losses are recorded in OCI.\nThe Firm’s cash flow evaluations take into account the factors noted above and expectations of relevant market and economic data as of the end of the reporting period.\nFor securities issued in a securitization, the Firm estimates cash flows considering underlying loan-level data and structural features of the securitization, such as subordination, excess spread, overcollateralization or other forms of credit enhancement, and compares the losses projected for the underlying collateral (“pool losses”) against the level of credit enhancement in the securitization structure to determine whether these features are sufficient to absorb the pool losses, or whether a credit loss exists.\nThe Firm also performs other analyses to support its cash flow projections, such as first-loss analyses or stress scenarios.\nFor equity securities, OTTI losses are recognized in earnings if the Firm intends to sell the security.\nIn other cases the Firm considers the relevant factors noted above, as well as the Firm’s intent and ability to retain its investment for a period of time sufficient to allow for any anticipated recovery in market value, and whether evidence exists to support a realizable value equal to or greater than the carrying value.\nAny impairment loss on an equity security is equal to the full difference between the amortized cost basis and the fair value of the security."}
{"_id": "d867cd1cc", "title": "", "text": "| Year Ended December 31 2008 2007 | (In millions) | Balance at January 1 | Additions based on tax positions related to the current year | Reductions for tax positions related to the current year | Lapse of statute of limitations | Settlements | Balance at December 31 |"}
{"_id": "d819d262a", "title": "", "text": "ACCOUNTING FOR PLANNED MAJOR MAINTENANCE ACTIVITIES In September 2006, the FASB issued FASB Staff Position (FSP) No.\nAUG AIR-1, Accounting for Planned Major Maintenance Activities, which permits the application of three alternative methods of accounting for planned major maintenance activities: the direct expense, built-in-overhaul, and deferral methods.\nThe FSP is effective for the first fiscal year beginning after December 15, 2006.  International Paper will adopt the direct expense method of accounting for these costs in 2007 with no impact on its annual consolidated financial statements."}
{"_id": "d88e95a16", "title": "", "text": "| Year Ended December 31, | 2015 | Total revenues, less transaction-based expenses | Operating income | Income from continuing operations attributable to ICE | Income from discontinued operations, net of tax | Net income attributable to ICE | Basic earnings per common share: | Continuing operations | Discontinued operations | Basic earnings per share | Diluted earnings per share | Continuing operations | Discontinued operations | Diluted earnings per share |"}
{"_id": "d8792024e", "title": "", "text": "INTEREST RATE RISK We are exposed to interest rate volatility with regard to future issuances of fixed-rate debt, and existing and future issuances of floating-rate debt.\nPrimary exposures include U. S.  Treasury rates, LIBOR, Euribor, and commercial paper rates in the United States and Europe.\nWe use interest rate swaps, forward-starting interest rate swaps, and treasury locks to hedge our exposure to interest rate changes, to reduce the volatility of our financing costs, and to achieve a desired proportion of fixed rate versus floating-rate debt, based on current and projected market conditions.\nGenerally under these swaps, we agree with a counterparty to exchange the difference between fixed-rate and floating-rate interest amounts based on an agreed upon notional principal amount.\nFloating Interest Rate Exposures  Floating-to-fixed interest rate swaps are accounted for as cash flow hedges, as are all hedges of forecasted issuances of debt.\nEffectiveness is assessed based on either the perfectly effective hypothetical derivative method or changes in the present value of interest payments on the underlying debt.\nEffective gains and losses deferred to AOCI are reclassified into earnings over the life of the associated debt.\nIneffective gains and losses are recorded as net interest.\nThe amount of hedge ineffectiveness was less than $1 million in fiscal 2019, a $2.6 million loss in fiscal 2018, and less than $1 million in fiscal 2017.\nFixed Interest Rate Exposures  Fixed-to-floating interest rate swaps are accounted for as fair value hedges with effectiveness assessed based on changes in the fair value of the underlying debt and derivatives, using\nconsidered a derivative, it is exempt from derivative accounting as it is excluded from the scope pursuant to paragraph 11(a) of SFAS 133.\nAs of December 31, 2007, based on the Companys stock price, the redemption value of this embedded derivative was approximately $87 million."}
{"_id": "d8b51fc0e", "title": "", "text": "| Domestic Pension Plans Foreign Pension Plans Postretirement Benefit Plans | December 31, | Amounts recognized in consolidated balance sheet | Non-current asset | Current liability | Non-current liability | Net liability recognized | Accumulated benefit obligation | Amounts recognized in accumulated other comprehensive loss | Net actuarial loss | Prior service cost (credit) | Transition obligation | Total amount recognized | Plans with underfunded or unfunded accumulated benefit obligation | Aggregate projected benefit obligation | Aggregate accumulated benefit obligation | Aggregate fair value of plan assets |"}
{"_id": "d8e18a4f6", "title": "", "text": "| December 31, 2011 | Problem, potential problem, and restructured | Carrying amount | (in millions) | Three months or less | Greater than three to six months | Greater than six to nine months | Greater than nine to twelve months | Greater than twelve months | Total fixed maturities, available-for-sale |"}
{"_id": "d811519d8", "title": "", "text": "| Incremental | In billions of dollars | Impact of consolidation | Credit cards | Commercial paper conduits | Student loans | Private label consumer mortgages | Municipal tender option bonds | Collateralized loan obligations | Mutual fund deferred sales commissions | Subtotal | Impact of deconsolidation | Collateralized debt obligations-2 | Equity-linked notes-3 | Total |"}
{"_id": "d896ed93e", "title": "", "text": "| 2008 $— | 2009 | 2010 | 2011 | 2012 | Thereafter | Total future principal payments of corporate debt | Unamortized discount, net | Total corporate debt |"}
{"_id": "d8cfb1f90", "title": "", "text": "Table of Contents Concentrations in the Available Sources of Supply of Materials and Product Although most components essential to the Companys business are generally available from multiple sources, a number of components are currently obtained from single or limited sources.\nIn addition, the Company competes for various components with other participants in the markets for mobile communication and media devices and personal computers.\nTherefore, many components used by the Company, including those that are available from multiple sources, are at times subject to industry-wide shortage and significant pricing fluctuations that could materially adversely affect the Companys financial condition and operating results.\nThe Company uses some custom components that are not commonly used by its competitors, and new products introduced by the Company often utilize custom components available from only one source.\nWhen a component or product uses new technologies, initial capacity constraints may exist until the suppliers yields have matured or manufacturing capacity has increased.\nIf the Companys supply of components for a new or existing product were delayed or constrained, or if an outsourcing partner delayed shipments of completed products to the Company, the Companys financial condition and operating results could be materially adversely affected.\nThe Companys business and financial performance could also be materially adversely affected depending on the time required to obtain sufficient quantities from the original source, or to identify and obtain sufficient quantities from an alternative source.\nContinued availability of these components at acceptable prices, or at all, may be affected if those suppliers concentrated on the production of common components instead of components customized to meet the Companys requirements.\nThe Company has entered into agreements for the supply of many components; however, there can be no guarantee that the Company will be able to extend or renew these agreements on similar terms, or at all.\nTherefore, the Company remains subject to significant risks of supply shortages and price increases that could materially adversely affect its financial condition and operating results.\nSubstantially all of the Companys hardware products are manufactured by outsourcing partners that are located primarily in Asia.\nA significant concentration of this manufacturing is currently performed by a small number of outsourcing partners, often in single locations.\nCertain of these outsourcing partners are the sole-sourced suppliers of components and manufacturers for many of the Companys products.\nAlthough the Company works closely with its outsourcing partners on manufacturing schedules, the Companys operating results could be adversely affected if its outsourcing partners were unable to meet their production commitments.\nThe Companys purchase commitments typically cover its requirements for periods up to 150 days."}
{"_id": "d8637aa66", "title": "", "text": "| Defined benefit pension plans | U.S. | For the year ended December 31, (in millions)(a) | Components of net periodic benefit costs | Benefits earned during the period | Interest cost on benefit obligations | Expected return on plan assets | Amortization of unrecognized amounts: | Prior service cost | Net actuarial (gain) loss | Curtailment (gain) loss | Settlement (gain) loss | Special termination benefits | Net periodic benefit costs reported inCompensation expense |"}
{"_id": "d88d0baba", "title": "", "text": "| Cost of Fuels(dollars per mmbtu) 2015 2014 2013 | Coal(a) | Nuclear(b) | Natural gas(c) | Weighted average – all fuels(d) |"}
{"_id": "d8c5401b0", "title": "", "text": "| Qualified DefinedBenefit Pension Plans(a) Retiree Medical andLife Insurance Plans | 2017 | Service cost | Interest cost | Expected return on plan assets | Recognized net actuarial losses | Amortization of net prior service (credit) cost(b) | Total net periodic benefit cost |"}
{"_id": "d8efed2c8", "title": "", "text": "NOTE 16.  BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION We operate in the packaged foods industry.\nOn April 24, 2018, we acquired Blue Buffalo, which became our Pet operating segment.\nIn the third quarter of fiscal 2017, we announced a new global organization structure to streamline our leadership, enhance global scale, and drive improved operational agility to maximize our growth capabilities.\nThis global reorganization required us to reevaluate our operating segments.\nUnder our new organization structure, our chief operating decision maker assesses performance and makes decisions about resources to be allocated to our operating segments as follows: North America Retail; Convenience Stores & Foodservice; Europe & Australia; Asia & Latin America; and Pet.\nOur North America Retail operating segment reflects business with a wide variety of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, and e-commerce grocery providers.\nOur product categories in this business segment are ready-to-eat cereals, refrigerated yogurt, soup, meal kits, refrigerated and frozen dough products, dessert and baking mixes, frozen pizza and pizza snacks, grain, fruit and savory snacks, and a wide variety of organic products including refrigerated yogurt, nutrition bars, meal kits, salty snacks, ready-to-eat cereal, and grain snacks.\nOur major product categories in our Convenience Stores & Foodservice operating segment are ready-to-eat cereals, snacks, refrigerated yogurt, frozen meals, unbaked and fully baked frozen dough products, and baking mixes.\nMany products we sell are branded to the consumer and nearly all are branded to our customers.\nWe sell to distributors and operators in many customer channels including foodservice, convenience stores, vending, and supermarket bakeries in the United States.\nOur Europe & Australia operating segment reflects retail and foodservice businesses in the greater Europe and Australia regions.\nOur product categories include refrigerated yogurt, meal kits, super-premium ice cream, refrigerated and frozen dough products, shelf stable vegetables, grain snacks, and dessert and baking mixes.\nWe"}
{"_id": "d8d32ffc8", "title": "", "text": "| 2009 2008 | (in millions) | Individual annuities | Group annuities | Guaranteed investment contracts and guaranteed interest accounts | Funding agreements | Interest-sensitive life contracts | Dividend accumulation and other | Total policyholders’ account balances |"}
{"_id": "d86e7a7a4", "title": "", "text": "| December 31, 2013 December 31, 2012 | (in millions) | Financial Assets: | Cash and cash equivalents | Accounts receivable | Cash and cash equivalents of consolidated VIEs | Financial Liabilities: | Accounts payable and accrued liabilities | Short-term borrowings | Long-term borrowings |"}
{"_id": "d8c7d2b76", "title": "", "text": "NOTE 8 POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN We offer various postretirement benefits to our employees.\nDefined Contribution Retirement Plans We have defined contribution plans which cover the majority of our U. S.  employees, as well as employees in certain other countries.\nThese plans are fully funded.\nWe generally make contributions to participants' accounts based on individual base salaries and years of service.\nTotal global defined contribution expense was $292, $305 and $311 in 2016, 2015 and 2014, respectively.\nThe primary U. S.  defined contribution plan (the U. S.  DC plan) comprises the majority of the expense for the Company's defined contribution plans.\nFor the U. S.  DC plan, the contribution rate is set annually.\nTotal contributions for this plan approximated 14% of total participants' annual wages and salaries in 2016 and 2015 and 15% in 2014.\nWe maintain The Procter & Gamble Profit Sharing Trust (Trust) and Employee Stock Ownership Plan (ESOP) to provide a portion of the funding for the U. S.  DC plan and other retiree benefits (described below).\nOperating details of the ESOP are provided at the end of this Note.\nThe fair value of the ESOP Series A shares allocated to participants reduces our cash contribution required to fund the U. S.  DC plan.\nDefined Benefit Retirement Plans and Other Retiree Benefits We offer defined benefit retirement pension plans to certain employees.\nThese benefits relate primarily to local plans outside the U. S.  and, to a lesser extent, plans assumed in previous acquisitions covering U. S.  employees.\nWe also provide certain other retiree benefits, primarily health care and life insurance, for the majority of our U. S.  employees who become eligible for these benefits when they meet minimum age and service requirements.\nGenerally, the health care plans require cost sharing with retirees and pay a stated percentage of expenses, reduced by deductibles and other coverages.\nThese benefits are primarily funded by ESOP Series B shares and certain other assets contributed by the Company.\nObligation and Funded Status.\nThe following provides a reconciliation of benefit obligations, plan assets and funded status of these defined benefit plans:"}
{"_id": "d81dfb328", "title": "", "text": "higher in the fiscal 2013 period, including about $100 million for higher staffing expenses, about $60 million for higher advertising and other marketing program expenses, and about $23 million for higher share-based compensation expenses.\nSee “Cost of Revenue” and “Operating Expenses” later in this Item 7 for more information.\nNet income from continuing operations increased 8% in fiscal 2013 compared with fiscal 2012 due to higher operating income and lower interest expense due to the repayment of debt in March 2012.\nDiluted net income per share from continuing operations for fiscal 2013 increased 8% to $2.72, in line with the increase in net income compared with fiscal 2012.\nSegment Results The information below is organized in accordance with our three reportable segments.\nAll of our segments operate primarily in the United States and sell primarily to customers in the United States.\nInternational total net revenue was approximately 5% of consolidated total net revenue for all periods presented.\nSegment operating income is segment net revenue less segment cost of revenue and operating expenses.\nSegment expenses do not include certain costs, such as corporate selling and marketing, product development, and general and administrative expenses and share-based compensation expenses, which are not allocated to specific segments.\nThese unallocated costs totaled $890 million in fiscal 2014, $809 million in fiscal 2013, and $724 million in fiscal 2012.\nUnallocated costs increased in fiscal 2014 compared with fiscal 2013 and in fiscal 2013 compared with fiscal 2012 due to increases in corporate product development and selling and marketing expenses in support of the growth of our businesses and to a lesser extent due to increases in share-based compensation expenses.\nSegment expenses also do not include amortization of acquired technology, amortization of other acquired intangible assets, and goodwill and intangible asset impairment charges.\nSee Note 14 to the financial statements in Item 8 of this Annual Report for reconciliations of total segment operating income to consolidated operating income from continuing operations for each fiscal year presented.\nWe calculate revenue growth rates and segment operating margin figures using dollars in thousands.\nThose results may vary slightly from figures calculated using the dollars in millions presented."}
{"_id": "d8f3eb546", "title": "", "text": "| 2009 2008 2007 | (Dollars in millions) | Net interest income-3 | Noninterest income: | Card income (loss) | Equity investment income | Gains on sales of debt securities | All other income (loss) | Total noninterest income | Total revenue, net of interest expense | Provision for credit losses | Merger and restructuring charges | All other noninterest expense | Income (loss) before income taxes | Income tax expense (benefit)(3) | Net income (loss) |"}
{"_id": "d8a120ab4", "title": "", "text": "Entergy Texas Securitization Bonds - Hurricane Rita In April 2007 the PUCT issued a financing order authorizing the issuance of securitization bonds to recover $353 million of Entergy Texas’s Hurricane Rita reconstruction costs and up to $6 million of transaction costs, offset by $32 million of related deferred income tax benefits.\nIn June 2007, Entergy Gulf States Reconstruction Funding I, LLC, a company that is now wholly-owned and consolidated by Entergy Texas, issued $329.5 million of senior secured transition bonds (securitization bonds) as follows:"}
{"_id": "d89c28778", "title": "", "text": "| As reported under Topic 606 Adjustments Balances under Prior GAAP | (In thousands) | Net income | Adjustments to reconcile net income to net cash provided by operating activities: | Deferred income taxes | Changes in operating assets and liabilities: | Receivables | Prepaid expenses and other | Other assets | Accounts payable and accrued liabilities | Deferred revenue |"}
{"_id": "d8d7574f2", "title": "", "text": "| December 31, 2009 | Less than 12 Months | Estimated | Fair | Value | (In millions, except number of securities) | Fixed Maturity Securities: | U.S. corporate securities | RMBS | Foreign corporate securities | U.S. Treasury, agency and government guaranteed securities | CMBS | ABS | Foreign government securities | State and political subdivision securities | Other fixed maturity securities | Total fixed maturity securities | Equity Securities: | Common stock | Non-redeemable preferred stock | Total equity securities | Total number of securities in an unrealized loss position |"}
{"_id": "d89392e42", "title": "", "text": "Restructuring Accruals have been recorded in conjunction with our restructuring actions.\nThese accruals include estimates primarily related to employee termination costs, contract termination costs and other related exit costs in conjunction with workforce reduction and programs related to the rationalization of manufacturing and engineering processes.\nActual costs may vary from these estimates.\nThese accruals are reviewed on a quarterly basis and changes to restructuring actions are appropriately recognized when identified."}
{"_id": "d8f1c997a", "title": "", "text": "Purchases of Equity Securities The following table provides information about our repurchases of our common stock registered pursuant to Section 12 of the Exchange Act during the quarter ended December 31, 2016.\n(a) We close our books and records on the last Sunday of each month to align our financial closing with our business processes, except for the month of December, as our fiscal year ends on December 31.\nAs a result, our fiscal months often differ from the calendar months.\nFor example, September 26, 2016 was the first day of our October 2016 fiscal month.\n(b) In October 2010, our Board of Directors approved a share repurchase program pursuant to which we are authorized to repurchase our common stock in privately negotiated transactions or in the open market at prices per share not exceeding the then-current market prices.\nOn September 22, 2016, our Board of Directors authorized a $2.0 billion increase to the program.\nUnder the program, management has discretion to determine the dollar amount of shares to be repurchased and the timing of any repurchases in compliance with applicable law and regulation.\nThis includes purchases pursuant to Rule 10b5-1 plans.\nThe program does not have an expiration date.\n(c) During the quarter ended December 31, 2016, the total number of shares purchased included 11,393 shares that were transferred to us by employees in satisfaction of minimum tax withholding obligations associated with the vesting of restricted stock units.\nThese purchases were made pursuant to a separate authorization by our Board of Directors and are not included within the program."}
{"_id": "d8bffd0e0", "title": "", "text": "| Change | Years Ended June 30, | 2009 | ($ in millions) | Investor Communication Solutions | Securities Processing Solutions | Clearing and Outsourcing Solutions | Other | Foreign currency exchange | Earnings before income taxes |"}
{"_id": "d877f3808", "title": "", "text": "| Fair value of plan assets at beginning of year $10,269 $10,605 $3,787 $3,470 | Actual return on plan assets | Acquisitions/(divestitures)(4) | Employer contributions | Participants' contributions | Currency translation and other | ESOP debt impacts-5 | Benefit payments | FAIR VALUE OF PLAN ASSETS AT END OF YEAR | Reclassification of net obligation to held for sale liabilities | FUNDED STATUS |"}
{"_id": "d897e4496", "title": "", "text": "| December 31, 2011 – in millions Domestic Certificates of Deposit | Three months or less | Over three through six months | Over six through twelve months | Over twelve months | Total |"}
{"_id": "d8d698ade", "title": "", "text": "| For the fiscal years ended October 31 | 2009 | In millions | Net revenue | Earnings from operations | Earnings from operations as a % of net revenue |"}
{"_id": "d8a49a0b4", "title": "", "text": "| 2004 $77,622 | 2005 | 2006 | 2007 | 2008 | Thereafter | Total cash obligations | Accreted value of original issue discount of the ATI 12.25% Notes | Accreted value of the related warrants | Balance as of December 31, 2003 |"}
{"_id": "d8d960370", "title": "", "text": "(7) Financing Arrangements At December 25, 2016, Hasbro had available an unsecured committed line and unsecured uncommitted lines of credit from various banks approximating $700,000 and $128,000, respectively.\nAll of the short-term borrowings outstanding at the end of 2016 and 2015 represent borrowings made under, or supported by, these lines of credit.\nBorrowings under the lines of credit were made by certain international affiliates of the Company on terms and at interest rates generally extended to companies of comparable creditworthiness in those markets.\nThe weighted average interest rates of the outstanding borrowings under the uncommitted lines of credit as of December 25, 2016 and December 27, 2015 were 8.17% and 3.97%, respectively.\nThe Company had no borrowings outstanding under its committed line of credit at December 25, 2016.\nDuring 2016, Hasbro’s working capital needs were fulfilled by cash generated from operations, borrowings under lines of credit and utilization of its commercial paper program discussed below.\nThe unsecured committed line of credit, as amended on March 30, 2015 (the “Agreement”), provides the Company with a $700,000 committed borrowing facility through March 30, 2020.\nThe Agreement contains certain financial covenants setting forth leverage and coverage requirements, and certain other limitations typical of an investment grade facility, including with respect to liens, mergers and incurrence of indebtedness.\nThe Company was in compliance with all covenants as of and for the year ended December 25, 2016.\nThe Company pays a commitment fee (0.12% as of December 25, 2016) based on the unused portion of the facility and interest equal to a Base Rate or Eurocurrency Rate plus a spread on borrowings under the facility."}
{"_id": "d87809afe", "title": "", "text": "| 2014 2013 2012 | Computed expected tax | State taxes, net of federal effect | Indefinitely invested earnings of foreign subsidiaries | Research and development credit, net | Domestic production activities deduction | Other | Provision for income taxes | Effective tax rate |"}
{"_id": "d8aa2d9e0", "title": "", "text": "| For the years ended December 31, | 2012 | (Dollars in thousands) | Production costs | Employee-related costs | Operating supplies and services | Maintenance materials and services | Other | Total |"}
{"_id": "d8ae711aa", "title": "", "text": "CASH FLOWS The Company generates signifi cant cash from operations and has substantial credit capacity to fund operating and discretionary spending such as capital expenditures, dividends, share repurchases and debt repayments.\nCash provided by operations totaled $4.9 billion and exceeded capital expenditures by $2.9 billion in 2007, while cash provided by operations totaled $4.3 billion and exceeded capital expenditures by $2.6 billion in 2006.\nIn 2007, cash provided by operations increased $535 million compared to 2006 primarily due to increased operating results and lower income tax payments.\nIn 2006, cash provided by operations was fl at compared to 2005 due to increased operating results, offset by changes in working capital primarily due to higher income tax payments.\nCash used for investing activities totaled $1.2 billion in 2007, a decrease of $124 million compared to 2006, primarily due to net proceeds received from the Latam transaction and the sale of Boston Market in 2007, partly offset by higher capital expen ditures in 2007.\nCash used for investing activities totaled $1.3 billion in 2006, a decrease of $544 million compared to 2005.\nThe increase in capital expenditures was more than offset by the proceeds from the disposition of Chipotle as well as the sales of short-term investments.\nCash used for fi nancing activities totaled $4.0 billion in 2007, a decrease of $1.5 billion compared to 2006, primarily due to higher net debt issuances, partly offset by higher treasury stock purchases and an increase in the common stock dividend in 2007 compared to 2006.\nIn 2006, cash used for fi nancing activities totaled $5.5 billion compared to cash provided by fi nancing activities of $442 million in 2005.\nThe 2006 activity refl ected higher shares repurchased, higher net debt repayments and an increase in the common stock dividend.\nAs a result of the above activity, the Companys cash and equivalents balance decreased $147 million in 2007 to $2.0 billion, compared to a decrease of $2.1 billion in 2006.\nIn addition to cash and equivalents and cash provided by operations, the Company can meet short-term funding needs through commercial paper borrowings and line of credit agreements."}
{"_id": "d89028766", "title": "", "text": "| As of April 30, 2016 April 30, 2015 | Short-term | Moody's | S&P-1 |"}
{"_id": "d88822710", "title": "", "text": "| 2006 | Net revenue | Net income | Net income per share—basic | Net income per share—assuming dilution | Payments Due by Period | Contractual Obligations | Long-Term Debt Obligations | Interest on Long-Term Debt Obligations | Operating Leases | Purchase Obligations -1 | Financing Leases | Long-Term Supply Contracts -2 | Private Equity Investment -3 | Total Contractual Obligations |"}
{"_id": "d8789c5e8", "title": "", "text": "| Fiscal 2008 $1,977 | Fiscal 2009 | Fiscal 2010 | Fiscal 2011 | Fiscal 2012 | Thereafter | Total |"}
{"_id": "d88d9aa1c", "title": "", "text": "Contractual Obligations In 2011, we issued $1,200 million of senior notes and entered into the Credit Facility with third-party lenders in the amount of $1,225 million.\nAs of December 31, 2011, total outstanding long-term debt was $1,859 million, consisting of these senior notes and the Credit Facility, in addition to $105 million of third party debt that remained outstanding subsequent to the spin-off.\nIn connection with the spin-off, we entered into a Transition Services Agreement with Northrop Grumman, under which Northrop Grumman or certain of its subsidiaries provides us with certain services to help ensure an orderly transition following the distribution.\nUnder the Transition Services Agreement, Northrop Grumman provides, for up to 12 months following the spin-off, certain enterprise shared services (including information technology, resource planning, financial, procurement and human resource services), benefits support services and other specified services.\nThe original term of the Transition Services Agreement ends on March 31, 2012, although we have the right to and have cancelled certain services as we transition to new third-party providers.\nThe services provided by Northrop Grumman are charged to us at cost, and a limited number of these services may be extended for a period of approximately six months to allow full information systems transition.\nSee Note 20: Related Party Transactions and Former Parent Company Equity in Item 8.\nIn connection with the spin-off, we entered into a Tax Matters Agreement with Northrop Grumman (the Tax Matters Agreement) that governs the respective rights, responsibilities and obligations of Northrop Grumman and us after the spin-off with respect to tax liabilities and benefits, tax attributes, tax contests and other tax sharing regarding U. S.  federal, state, local and foreign income taxes, other taxes and related tax returns.\nWe have several liabilities with Northrop Grumman to the IRS for the consolidated U. S.  federal income taxes of the Northrop Grumman consolidated group relating to the taxable periods in which we were part of that group.\nHowever, the Tax Matters Agreement specifies the portion of this tax liability for which we will bear responsibility, and Northrop Grumman has agreed to indemnify us against any amounts for which we are not responsible.\nThe Tax Matters Agreement also provides special rules for allocating tax liabilities in the event that the spin-off, together with certain related transactions, is not tax-free.\nSee Note 20: Related Party Transactions and Former Parent Company Equity in Item 8.\nWe do not expect either the Transition Services Agreement or the Tax Matters Agreement to have a significant impact on our financial condition and results of operations."}
{"_id": "d89ec493c", "title": "", "text": "In the second quarter of 2002, the Financial Accounting Standards Board (“FASB”) issued Statement of Financial Accounting Standards No.145 “Rescission of FASB Statements No.4, 44, and 64, Amendment of FASB Statement No.13, and Technical Corrections” (“SFAS No.145”).\nEffective January 1, 2003, Marathon adopted the provisions relating to the classification of the effects of early extinguishment of debt in the consolidated statement of income.\nAs a result, losses of $53 million from the early extinguishment of debt in 2002, which were previously reported as an extraordinary item (net of tax of $20 million), have been reclassified into income before income taxes.\nThe adoption of SFAS No.145 had no impact on net income for 2002."}
{"_id": "d8aac3274", "title": "", "text": "Selling and Marketing Expenses.\nSelling and marketing expenses increased 12% in fiscal 2012 compared to fiscal 2011.\nThese increases were primarily due to additional expenses from the inclusion of Gen-Probe, which accounted for $8.4 million of additional expense, and the inclusion of TCT for a full year, an increase in the number of sales personnel in the GYN Surgical business segment, an increase in compensation and benefits and higher commissions, continuing product launch activities related to our 3D Dimensions product, and higher travel expenses.\nThese expenses were also higher due to the extra week in fiscal 2012 compared to fiscal 2011.\nThe increase in fiscal 2012 was partially offset by lower expenditures for our direct-to-consumer advertising campaign for NovaSure."}
{"_id": "d87434c8a", "title": "", "text": "| 2008 2007 2006 2005 | $42,915 | 30 September 2014 | Gross | Customer relationships | Patents and technology | Other | Total finite-lived intangibles | Trade names and trademarks, indefinite-lived | Total Intangible Assets |"}
{"_id": "d8806fdec", "title": "", "text": "| Actual as of | Covenant | Requirement | Maximum leverage ratio -1 | Minimum interest coverage ratio -2 |"}
{"_id": "d8184fd02", "title": "", "text": "Common Stock Repurchase Program The Company’s common stock repurchase program has been in place since August 2004.\nIn the aggregate, the Board of Directors has authorized the Company to repurchase $5 billion of the Company’s common stock under the program.\nUnder the program, the Company may repurchase outstanding shares of its common stock from time to time in the open market and through privately negotiated transactions.\nUnless terminated earlier by resolution of the Company’s Board of Directors, the repurchase program will expire when the Company has repurchased all shares authorized under the program.\nAs of October 29, 2011, the Company had repurchased a total of approximately 125.0 million shares of its common stock for approximately $4,278.5 million under this program.\nAn additional $721.5 million remains available for repurchase of shares under the current authorized program.\nThe repurchased shares are held as authorized but unissued shares of common stock.\nAny future common stock repurchases will be dependent upon several factors, including the amount of cash available to the Company in the United States and the Company’s financial performance, outlook and liquidity.\nThe Company also from time to time repurchases shares in settlement of employee tax withholding obligations due upon the vesting of restricted stock units, or in certain limited circumstances to satisfy the exercise price of options granted to the Company’s employees under the Company’s equity compensation plans."}
{"_id": "d89985eda", "title": "", "text": "| Revenue | (in millions) | $ Amount | United States | Europe | Asia Pacific | Other | Total | Property, Plant & Equipment | (in millions) | $ Amount | United States | Europe | Asia Pacific | Other | Total |"}
{"_id": "d86e48678", "title": "", "text": "| Options WeightedAverageExercise Price Weighted Average Remaining Contractual Life in Years Aggregate Intrinsic Value ofIn-The-Money Options | Outstanding at December 31, 2013 | Granted | Exercised | Forfeited | Outstanding at December 31, 2014 | Vested and expected to vest at December 31, 2014 | Exercisable at December 31, 2014 | Outstanding Options | Range of Exercise Prices | $19.48-45.15 | 45.16-49.01 | 49.02-60.14 | 60.15-60.51 | 60.52-64.40 | 64.41-67.77 | 67.78-73.76 | 73.77-107.93 | 107.94-122.55 | 1,394,888 |"}
{"_id": "d8e8797da", "title": "", "text": "| December 31, 2008 | Cost or | Amortized | Cost | (In millions) | U.S. corporate securities | Residential mortgage-backed securities | Foreign corporate securities | U.S. Treasury/agency securities | Commercial mortgage-backed securities | Asset-backed securities | Foreign government securities | State and political subdivision securities | Other fixed maturity securities | Total fixed maturity securities -1, (2) | Common stock | Non-redeemable preferred stock -1 | Total equity securities | December 31, 2007 | Cost or | Amortized | Cost | (In millions) | U.S. corporate securities | Residential mortgage-backed securities | Foreign corporate securities | U.S. Treasury/agency securities | Commercial mortgage-backed securities | Asset-backed securities | Foreign government securities | State and political subdivision securities | Other fixed maturity securities | Total fixed maturity securities -1,(2) | Common stock | Non-redeemable preferred stock -1 | Total equity securities |"}
{"_id": "d8d3e1016", "title": "", "text": "PERFORMANCE SHARE PLAN Under the Performance Share Plan (PSP), contingent awards of International Paper common stock are granted by the Committee.\nThe PSP awards are earned over a three-year period.\nFor the 2011 grant, one-fourth of the award is earned during each twelve-month period, with the final one-fourth segment earned over the full three-year period.\nBeginning with the 2012 grant, the award is earned evenly over a thirty-six- month period.\nPSP awards are earned based on the achievement of defined performance rankings of ROI and TSR compared to ROI and TSR peer groups of companies.\nAwards are weighted 75% for ROI and 25% for TSR for all participants except for officers for whom the awards are weighted 50% for ROI and 50% for TSR.\nThe ROI component of the PSP awards is valued at the closing stock price on the day prior to the grant date.\nAs the ROI component contains a performance condition, compensation expense, net of estimated forfeitures, is recorded over the requisite service period based on the most probable number of awards expected to vest.\nThe TSR component of the PSP awards is valued using a Monte Carlo simulation as the TSR component contains a market condition.\nThe Monte Carlo simulation estimates the fair value of the TSR component based on the expected term of the award, a risk-free rate, expected dividends, and the expected volatility for the Company and its competitors.\nThe expected term is estimated based on the vesting period of the awards, the risk-free rate is based on the"}
{"_id": "d897fca50", "title": "", "text": "No valuation allowance was provided on the deferred income tax asset attributable to the net unrealized losses on available-for-sale securities as of December 31, 2009.\nThis deferred tax asset reversed during 2010 to a deferred tax liability position attributable to the net unrealized gains on available-for-sale securities as of December 31, 2010.\nThe total deferred income tax asset also includes capital and net operating loss carryforwards for tax purposes available to offset future capital gains and taxable income, respectively.\nThe total capital loss carryforward, available to offset future capital gains, was $209.1 million as of December 31, 2010.\nIf not used, this remaining capital loss carryforward generated in 2009 will expire in 2014.\nDomestic state net operating loss carryforwards were $235.8 million as of December 31, 2010, and will expire between 2017 and 2029.\nForeign net operating loss carryforwards generated in various foreign countries were $53.4 million as of December 31, 2010, with some operating loss carryforwards scheduled to expire beginning in 2013 while others never expire.\nWe maintain valuation allowances by jurisdiction against the deferred income tax assets related to certain of these carryforwards, as utilization of these income tax benefits fail the more likely than not criteria in certain jurisdictions.\nA valuation allowance has been recorded on income tax benefits associated with state net operating loss carryforwards and foreign net operating loss carryforwards.\nAdjustments to the valuation allowance will be made if there is a change in management’s assessment of the amount of the deferred income tax asset that is more likely than not to be realized.\nAccumulated net operating losses of $640.8 million and $485.2 million at December 31, 2010 and 2009, respectively, are attributed to captive reinsurance companies that are temporarily excluded from our consolidated U. S.  federal income tax return.\nThese net operating losses will expire between 2021 and 2025.\nOne of the captive reinsurance companies will be able to join the consolidated U. S.  federal income tax return in 2012, with the other in 2013.\nAll accumulated net operating losses are anticipated to be utilized before expiration.\nTherefore, no valuation allowance has been provided for the deferred income tax assets attributable to these net operating losses.\nU. S.  federal and state deferred income taxes have not been provided on approximately $533.0 million of accumulated but undistributed earnings from operations of foreign subsidiaries at December 31, 2010.\nSuch earnings are considered to be indefinitely reinvested in the business.\nIt is not practical to determine the amount of the unrecognized deferred tax liability that would arise if these earnings were remitted due to foreign tax credits and exclusions that may become available at the time of remittance.\nA tax liability will be recognized when we no longer plan to indefinitely reinvest the earnings or when we plan to sell all or a portion of our ownership interest.\nOther Tax Information The Internal Revenue Service (‘‘IRS’’) has completed examination of our consolidated federal income tax returns for years prior to 2004.\nWe are contesting certain issues and have filed suit in the Court of Federal Claims, requesting refunds for the years 1995-2003.\nWe are also litigating a partnership issue for the years 2002-2003 in the federal district court of Iowa.\nWe had $230.9 million and $243.6 million of current income tax receivables associated with outstanding audit issues reported as other assets in our consolidated statements of financial position as of December 31, 2010 and 2009, respectively.\nWe do not expect the litigation to be resolved within the next twelve months.\nThe IRS commenced examination of the U. S.  consolidated federal income tax returns for 2004-2005 in March 2007.\nThe fieldwork is substantially complete and the final report is expected to be received sometime in the first or second quarter of 2011.\nThe statute of limitations for the 2004-2005 tax years expires on September 15, 2011.\nThe IRS commenced examination of the U. S.  consolidated federal income tax returns for 2006-2007 in March 2009 and of the tax return for 2008 in January 2010."}
{"_id": "d87bfca76", "title": "", "text": "| Restricted Stock Units Outstanding Weighted-   Average   Grant Price Restricted Stock Outstanding Weighted-   Average   Grant Price | Unvested at January 1, 2010 | Granted | Vested | Cancelled | Unvested at December 31, 2010 |"}
{"_id": "d87534752", "title": "", "text": "ongoing review of the business requirements and capital needs of its non-U.\nS.  subsidiaries, combined with the formation of specific strategies and steps taken to fulfill these requirements and needs, the Firm has determined that the undistributed earnings of certain of its subsidiaries would be indefinitely reinvested to fund current and future growth of the related businesses.\nAs management does not intend to use the earnings of these subsidiaries as a source of funding for its U. S.  operations, such earnings will not be distributed to the U. S.  in the foreseeable future.\nFor 2016, pretax earnings of $3.8 billion were generated and will be indefinitely reinvested in these subsidiaries.\nAt December 31, 2016, the cumulative amount of undistributed pretax earnings in these subsidiaries were $38.4 billion.\nIf the Firm were to record a deferred tax liability associated with these undistributed earnings, the amount would be $8.8 billion at December 31, 2016.\nThese undistributed earnings are related to subsidiaries located predominantly in the U. K.  where the 2016 tax rate was 28%.\nAffordable housing tax credits The Firm recognized $1.7 billion, $1.6 billion and $1.6 billion of tax credits and other tax benefits associated with investments in affordable housing projects within income tax expense for the years 2016, 2015 and 2014, respectively.\nThe amount of amortization of such investments reported in income tax expense under the current period presentation during these years was $1.2 billion, $1.1 billion and $1.1 billion, respectively.\nThe carrying value of these investments, which are reported in other assets on the Firms Consolidated balance sheets, was $8.8 billion and $7.7 billion at December 31, 2016 and 2015, respectively.\nThe amount of commitments related to these investments, which are reported in accounts payable and other liabilities on the Firms Consolidated balance sheets, was $2.8 billion and $2.0 billion at December 31, 2016 and 2015, respectively.\nDeferred taxes Deferred income tax expense/(benefit) results from differences between assets and liabilities measured for financial reporting purposes versus income tax return purposes.\nDeferred tax assets are recognized if, in managements judgment, their realizability is determined to be more likely than not.\nIf a deferred tax asset is determined to be unrealizable, a valuation allowance is established.\nThe significant components of deferred tax assets and liabilities are reflected in the following table as of December 31, 2016 and 2015."}
{"_id": "d8e95dc3c", "title": "", "text": "Note 2 BUSINESS SEGMENT INFORMATION BMS operates in a single segment engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of innovative medicines that help patients prevail over serious diseases.\nA global research and development organization and supply chain organization are responsible for the discovery, development, manufacturing and supply of products.\nRegional commercial organizations market, distribute and sell the products.\nThe business is also supported by global corporate staff functions.\nSegment information is consistent with the financial information regularly reviewed by the chief executive officer for purposes of evaluating performance, allocating resources, setting incentive compensation targets and planning and forecasting future periods.\nProducts are sold principally to wholesalers, and to a lesser extent, directly to distributors, retailers, hospitals, clinics, government agencies and pharmacies.\nGross revenues to the three largest pharmaceutical wholesalers in the U. S.  as a percentage of global gross revenues were as follows:"}
{"_id": "d81218600", "title": "", "text": "(1) Yields are based on quarterly average carrying values except for fixed maturities, equity securities and securities lending activity.\nYields for fixed maturities are based on amortized cost.\nYields for equity securities are based on cost.\nYields for fixed maturities and short-term investments and cash equivalents are calculated net of liabilities and rebate expenses corresponding to securities lending activity.\nYields exclude investment income on assets other than those included in invested assets.\nPrior periods yields are presented on a basis consistent with the current period presentation.\nThe decrease in yield on the Japanese insurance portfolio for 2009 compared to 2008 is primarily attributable to lower fixed maturity reinvestment rates, including the reinvestment of proceeds realized from certain capital actions and a lower short-term interest rate environment both in the U. S.  and Japan.\nThe U. S.  dollar denominated fixed maturities that are not hedged to yen through third party derivative contracts provide a yield that is substantially higher than the yield on comparable Japanese fixed maturities.\nThe average value of U. S.  dollar denominated fixed maturities that are not hedged to yen through third party derivative contracts for 2009 and 2008 was approximately $10.1 billion and $9.9 billion, respectively, based on amortized cost.\nFor additional information regarding U. S.  dollar investments held in our Japanese insurance operations see, “—Results of Operations for Financial Services Businesses by Segment— International Insurance and Investments Division.\n” Fixed Maturity Securities Investment Mix Our fixed maturity securities portfolio consists of publicly-traded and privately-placed debt securities across an array of industry categories.\nThe fixed maturity securities relating to our international insurance operations are primarily comprised of foreign government securities.\nWe manage our public portfolio to a risk profile directed or overseen by the Asset Liability Management and Risk Management groups and, in the case of our international insurance portfolios, to a profile that also reflects the local market environment.\nThe investment objectives for fixed maturity securities are consistent with those described above.\nThe total return that we earn on the portfolio will be reflected both as investment income and also as realized gains or losses on investments.\nWe use our private placement and asset-backed portfolios to enhance the diversification and yield of our overall fixed maturity portfolio.\nWithin our domestic portfolios, we maintain a private fixed income portfolio that is larger than the industry average as a percentage of total fixed income holdings.\nOver the last several years, our investment staff has directly originated more than half of our annual private placement originations.\nOur origination capability offers the opportunity to lead transactions and gives us the opportunity for better terms, including covenants and call protection, and to take advantage of innovative deal structures.\n(1) Represents net shares issued from treasury pursuant to the Company’s stock-based compensation programs.\nIn the event of a liquidation, dissolution or winding-up of the Company, holders of Common Stock would be entitled to receive a proportionate share of the net assets of the Company that remain after paying all liabilities and the liquidation preferences of any preferred stock.\nCommon Stock Held in Treasury Common Stock held in treasury is accounted for at average cost.\nGains resulting from the reissuance of “Common Stock held in treasury” are credited to “Additional paid-in capital.\n” Losses resulting from the reissuance of “Common Stock held in treasury” are charged first to “Additional paid-in capital” to the extent the Company has previously recorded gains on treasury share transactions, then to “Retained earnings.\n”"}
{"_id": "d870d5f76", "title": "", "text": "Third-party sales for the Engineered Products and Solutions segment improved 7% in 2016 compared with 2015, primarily attributable to higher third-party sales of the two acquired businesses ($457), primarily related to the aerospace end market, and increased demand from the industrial gas turbine end market, partially offset by lower volumes in the oil and gas end market and commercial transportation end market as well as pricing pressures in aerospace.\nThird-party sales for this segment improved 27% in 2015 compared with 2014, largely attributable to the third-party sales ($1,310) of the three acquired businesses (see above), and higher volumes in this segments legacy businesses, both of which were primarily related to the aerospace end market.\nThese positive impacts were slightly offset by unfavorable foreign currency movements, principally driven by a weaker euro.\nATOI for the Engineered Products and Solutions segment increased $47, or 8%, in 2016 compared with 2015, primarily related to net productivity improvements across all businesses as well as the volume increase from both the RTI acquisition and organic revenue growth, partially offset by a lower margin product mix and pricing pressures in the aerospace end market.\nATOI for this segment increased $16, or 3%, in 2015 compared with 2014, principally the result of net productivity improvements across most businesses, a positive contribution from acquisitions, and overall higher volumes in this segments legacy businesses.\nThese positive impacts were partially offset by unfavorable price and product mix, higher costs related to growth projects, and net unfavorable foreign currency movements, primarily related to a weaker euro.\nIn 2017, demand in the commercial aerospace end market is expected to remain strong, driven by the ramp up of new aerospace engine platforms, somewhat offset by continued customer destocking and engine ramp-up challenges.\nDemand in the defense end market is expected to grow due to the continuing ramp-up of certain aerospace programs.\nAdditionally, net productivity improvements are anticipated while pricing pressure across all markets is likely to continue."}
{"_id": "d8dd21572", "title": "", "text": "in customer financial circumstances and foreign currency fluctuations.\nAdditionally, the unbilled deferred revenue backlog for multi-year subscription agreements that are billed annually is typically higher at the beginning of the contract period, lower prior to renewal and increases when the agreement is renewed.\nAccordingly, fluctuations in unbilled deferred revenue backlog may not be a reliable indicator of future business prospects and the related revenue associated with these contractual commitments."}
{"_id": "d8d415690", "title": "", "text": "Interest Rate Hedging We enter into interest rate swaps and treasury rate locks that qualify as cash flow hedges under SFAS No.133, Accounting for Derivative Instruments and Hedging Activities.\n We generally enter into interest rate swaps to manage our exposure to variable interest rate risk and treasury locks to manage the risk of interest rates rising prior to the issuance of debt.\nWe do not purchase derivatives for speculation.\nOur cash flow hedges are recorded at fair value.\nThe effective portion of changes in fair value of our cash flow hedges is recorded in other comprehensive income and reclassified to earnings when the hedged item affects earnings.\nThe ineffective portion of changes in fair value of our cash flow hedges is recognized in earnings in the period affected.\nWe"}
{"_id": "d8c72d054", "title": "", "text": "| for the fiscal years ended September 30, 2017 2016 2015 | Net income attributable to Franklin Resources, Inc. | Less: allocation of earnings to participating nonvested stock and stock unit awards | Net Income Available to Common Stockholders | Weighted-average shares outstanding – basic | Dilutive effect of nonparticipating nonvested stock unit awards | Weighted-Average Shares Outstanding – Diluted | Earnings per Share | Basic | Diluted |"}
{"_id": "d863b748e", "title": "", "text": "(a) The financial strength ratings reflect the ratings of the various reinsurance subsidiaries of the companies listed as of February 5, 2016.\n(b) Total reinsurance assets include both the Non-Life Insurance Companies and the Life Insurance Companies reinsurance recoverable.\n(c) Excludes collateral held in excess of applicable balances.\n(d) Includes $1.8 billion recoverable under the 2011 retroactive reinsurance transaction pursuant to which a large portion of the Non-Life Insurance Companies net domestic asbestos liabilities were transferred to NICO.\nDoes not include reinsurance assets ceded to other reinsurers for which NICO has assumed the collection risk.\nSee Liability for Unpaid Losses and Loss Adjustment Expenses — Transfer of Domestic Asbestos Liabilities.\nAt December 31, 2015, we had no significant general reinsurance recoverable due from any individual reinsurer that was financially troubled.\nReinsurer capital levels continued to increase in 2015, thereby increasing the industry’s underwriting capacity.\nThis increased capacity has resulted in increased competition and lower rates for 2016 renewals.\nReduced profitability associated with lower rates could potentially result in reduced capacity or rating downgrades for some reinsurers."}
{"_id": "d8121866e", "title": "", "text": "Plan Assets The investment goal of the domestic pension plan assets is to generate an above benchmark return on a diversified portfolio of stocks, bonds and other investments.\nThe cash requirements of the pension obligation, which include a traditional formula principally representing payments to annuitants and a cash balance formula that allows lump sum payments and annuity payments, are designed to be met by the bonds and short-term investments in the portfolio.\nThe pension plan risk management practices include guidelines for asset concentration, credit rating and liquidity.\nThe pension plan does not invest in leveraged derivatives.\nDerivatives such as futures contracts are used to reduce transaction costs and change asset concentration, while interest rate swaps and futures are used to adjust duration.\nThe investment goal of the domestic postretirement plan assets is to generate an above benchmark return on a diversified portfolio of stocks, bonds, and other investments, while meeting the cash requirements for the postretirement obligation that includes a medical benefit including prescription drugs, a dental benefit and a life benefit.\nThe postretirement plan risk management practices include guidelines for asset concentration, credit rating, liquidity and tax efficiency.\nThe postretirement plan does not invest in leveraged derivatives.\nDerivatives such as futures contracts are used to reduce transaction costs and change asset concentration, while interest rate swaps and futures are used to adjust duration.\nThe plan fiduciaries for the Company’s pension and postretirement plans have developed guidelines for asset allocations reflecting a percentage of total assets by asset class, which are reviewed on an annual basis.\nAsset allocation targets as of December 31, 2015 are as follows:"}
{"_id": "d8bf3a40a", "title": "", "text": "| Year Ended December 31, | 2012 | (In $ millions, except percentages) | Net sales | Net Sales Variance | Volume | Price | Currency | Other | Other (charges) gains, net | Operating profit (loss) | Operating margin | Equity in net earnings (loss) of affiliates | Earnings (loss) from continuing operations before tax | Depreciation and amortization |"}
{"_id": "d87d15e9e", "title": "", "text": "In analyzing our liquidity for 2005, 2004 and 2003, reference is made to our consolidated statement of cash flows for the years ended December 31, 2005, 2004 and 2003; see Item 8.\nConsolidated Financial Statements and Supplemental Data.\nThe statement of cash flows includes separate categories for operating, investing, and financing activities.\nCash provided by operating activities for 2005 was $113.6 million, which included net income of $92.5 million.\nAdjustments for noncash items included $9.8 million in tax benefits related to stock compensation, $7.9 million of stock-based compensation and $7.8 million of depreciation and amortization offset by amortization of deferred warrant related loan fees of $6.1 million, net investment gains of $4.3 million and changes in fair value of derivatives of $3.3 million.\nSources of cash from changes in other assets and liabilities included a decrease in accounts receivable of $7.6 million, a decrease in income tax receivable of $2.0 million and an increase in accrued retention, incentive plan and other compensation benefits payable of $1.6 million.\nThese sources of cash were offset by a $9.7 million increase in accrued interest receivable.\nCash used for investing activities was $567.9 million for the year ended December 31, 2005.\nNet cash outflow was primarily driven by a net increase in loans of $549.4 million and purchases of premises and equipment of $18.3 million.\nIn addition, purchases of investment securities of $534.3 million, offset by $27.3 million in proceeds from the sale of investment securities and $495.4 million in proceeds from maturities and pay-downs of investment securities also contributed to the net cash outflow.\nCash provided by financing activities was $289.2 million for the year ended December 31, 2005, largely, driven by net increases in other borrowings of $269.7 million and capital contributions from minority interest participants net of distributions of $45.4 million.\nDeposits and proceeds from the issuance"}
{"_id": "d8ee5448e", "title": "", "text": "| For the year ended December 31, 2011 | Purchases | (in millions) | Assets | Fixed maturities, available-for-sale: | Non-U.S. government | Corporate | Commercial mortgage-backed securities | Collateralized debt obligations | Other debt obligations | Total fixed maturities, available-for-sale | Fixed maturities, trading | Equity securities, available-for-sale | Derivative assets | Other investments | Separate account assets | Liabilities | Investment-type insurance contracts | Derivative liabilities | Other liabilities |"}
{"_id": "d8e88161a", "title": "", "text": "| 2001 2002 2003 2004 2005 | $205 |"}
{"_id": "d81e7a3c6", "title": "", "text": "| In Billions Facility Amount Borrowed Amount | Credit facility expiring: | May 2022 | June 2019 | Total committed credit facilities | Uncommitted credit facilities | Total committed and uncommitted credit facilities |"}
{"_id": "d8ef26d76", "title": "", "text": "| Component Changes in AUM – Institutional | (in millions) | Active: | Equity | Fixed income | Multi-asset class | Alternatives | Active subtotal | Non-ETF Index: | Equity | Fixed income | Multi-asset class | Alternatives | Non-ETF Index subtotal | Long-terminstitutional |"}
{"_id": "d8ddaa106", "title": "", "text": "| November 30, | 2010 | (In thousands) | Several recourse debt—repayment | Several recourse debt—maintenance | Joint and several recourse debt—repayment | Joint and several recourse debt—maintenance | Land seller debt and other debt recourse exposure | The Company’s maximum recourse exposure | Less: joint and several reimbursement agreements with the Company’s partners | The Company’s net recourse exposure |"}
{"_id": "d8d930bb6", "title": "", "text": "| Plan category Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights-1(a)(b) Weighted-Average Exercise Price of Outstanding Options,Warrants and Rights Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding SecuritiesReflected in Column (a)) (c) | Equity compensation plans approved by security holders | Equity compensation plans not approved by security holders-2 | Total |"}
{"_id": "d8b9aa2e2", "title": "", "text": "| Issued In Treasury Shares Outstanding | Balance, January 1, 2010 | Acquisition of Smith International, Inc. | Shares sold to optionees less shares exchanged | Shares issued under employee stock purchase plan | Stock repurchase program | Issued on conversions of debentures | Balance, December 31, 2010 | Shares sold to optionees less shares exchanged | Vesting of restricted stock | Shares issued under employee stock purchase plan | Stock repurchase program | Balance, December 31, 2011 | Shares sold to optionees less shares exchanged | Shares issued under employee stock purchase plan | Stock repurchase program | Balance, December 31, 2012 |"}
{"_id": "d8a8e996c", "title": "", "text": "CITIZENS FINANCIAL GROUP, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 135 In May 2014, the FASB issued ASU 2014-09 Revenue from Contracts with Customers (Topic 606).\nThe ASU requires that revenue from contracts with customers be recognized upon transfer of control of a good or service in the amount of consideration expected to be received.\nThe ASU also requires new qualitative and quantitative disclosures, including information about contract balances and performance obligations.\nThe Companys revenue is balanced between net interest income on financial assets and liabilities, which is explicitly excluded from the scope of the ASU, and noninterest income.\nThe Company has begun its implementation efforts which include the identification of revenue within the scope of the guidance, as well as the evaluation of related revenue contracts.\nBased on this effort, adoption of the ASU is not expected to have a material impact on the timing of revenue recognition.\nThe Company plans to adopt the revenue recognition guidance in the first quarter of 2018.\nNOTE 2 - CASH AND DUE FROM BANKS The Companys subsidiary banks maintain certain average reserve balances and compensating balances for check clearing and other services with the FRB.\nAt December 31, 2016 and 2015, the balance of deposits at the FRB amounted to $2.7 billion and $2.0 billion, respectively.\nAverage balances maintained with the FRB during the years ended December 31, 2016, 2015, and 2014 exceeded amounts required by law for the FRBs requirements.\nAll amounts, both required and excess reserves, held at the FRB currently earn interest at a fixed rate of 75 basis points.\nThe Company recorded interest income on FRB deposits of $7 million, $4 million, and $5 million for the years ended December 31, 2016, 2015, and 2014, respectively, in interest-bearing deposits in banks in the Consolidated Statement of Operations."}
{"_id": "d8bee0af4", "title": "", "text": "| (In millions) 2008 2007 | Asset retirement obligations as of January 1 | Liabilities incurred, including acquisitions | Liabilities settled | Accretion expense (included in depreciation, depletion and amortization) | Revisions to previous estimates | Held for sale(a) | Deconsolidation of EGHoldings | Asset retirement obligations as of December 31(b) |"}
{"_id": "d819d26a2", "title": "", "text": "CONSOLIDATED STATEMENT OF CHANGES IN EQUITY"}
{"_id": "d8eaabb20", "title": "", "text": "A reconciliation of the U. S.  federal income tax rate of 35 percent to the actual effective tax rate is as follows:"}
{"_id": "d85d52cf6", "title": "", "text": "| Year Ended December 31, 2010 | Other Assets | (in millions) | Fair Value, beginning of period | Total gains or (losses) (realized/unrealized): | Included in earnings: | Realized investment gains (losses), net | Asset management fees and other income | Interest credited to policyholders’ account balances | Included in other comprehensive income (loss) | Net investment income | Purchases, sales, issuances and settlements | Foreign currency translation | Other-1 | Transfers into Level 3-2 | Transfers out of Level 3-2 | Fair Value, end of period | Unrealized gains (losses) for the period relating to those Level 3 assets and liabilities that were still held at the end of theperiod(3): | Included in earnings: | Realized investment gains (losses), net | Asset management fees and other income | Interest credited to policyholders’ account balances | Included in other comprehensive income (loss) |"}
{"_id": "d8c4c9c18", "title": "", "text": "| 2018 2017 | Expected life (years) | Risk-free interest rate | Volatility | Dividend yield | Weighted average fair value per share at grant date |"}
{"_id": "d8c783bf2", "title": "", "text": "| Sales Order Backlog As of September 30, | Homes in Backlog | 2014 | East | Midwest | Southeast | South Central | Southwest | West | 9,888 |"}
{"_id": "d8f1b610e", "title": "", "text": "| Calendar year Pre-tax catastrophe losses | 2006 | 2005 | 2004 | 2003 | 2002 |"}
{"_id": "d86e2d904", "title": "", "text": "| Net tangible assets acquired as of September 18, 2007 $2,800 | Developed technology and know how | Customer relationship | Trade name | Deferred income tax liabilities, net | Goodwill | Final purchase price |"}
{"_id": "d8a9f85c4", "title": "", "text": "| Net tangible assets acquired $2.3 | Acquired technology | Tradename | In-process research and development | Goodwill | Total consideration |"}
{"_id": "d8cbe8b70", "title": "", "text": "Item 7A.\nQuantitative and Qualitative Disclosure About Market Risk We are exposed to market risk in the ordinary course of business.\nThis market risk consists primarily of interest rate risk associated with our cash and cash equivalents.\nThe Company does not trade options for its own account.\n?\nour ability to meet our compliance obligations, including managing potential conflicts between our regulatory responsibilities and our for-profit status; ?\nthe ability of our compliance and risk management methods to effectively monitor and manage our risks; ?\nour ability to attract and retain skilled management and other personnel; ?\nour ability to manage our growth and strategic acquisitions or alliances effectively; ?\nrestrictions imposed by our debt obligations; ?\nthe satisfaction of the conditions precedent to the consummation of our proposed acquisition of Bats Global Markets, Inc.  (Bats), including, without limitation, the receipt of regulatory approvals on the terms desired or anticipated; ?\nunanticipated difficulties or expenditures relating to the proposed transaction, including, without limitation, difficulties that result in the failure to realize expected synergies, efficiencies and cost savings from the proposed transaction within the expected time period (if at all), whether in connection with integration, combining trading platforms, broadening distribution of product offerings or otherwise; ?\nour ability to maintain an investment grade credit rating; ?\nrisks relating to the value of our shares to be issued in the proposed transaction; ?\ndisruptions of our and Bats current plans, operations and relationships with market participants caused by the announcement and pendency of the proposed transaction; and ?\npotential difficulties in our and Bats ability to retain employees as a result of the announcement and pendency of the proposed transaction.\nFor a detailed discussion of these and other factors that might affect our performance, see Part I, Item 1A.\nof this Report.\nWe caution you not to place undue reliance on the forward-looking statements, which speak only as of the date of this filing Item 1.  Business Overview CBOE Holdings, Inc.  is the holding company for Chicago Board Options Exchange, Incorporated, CBOE Futures Exchange, LLC, C2 Options Exchange, Incorporated and other subsidiaries, including our majority ownership in CBOE Vest Financial Group Inc.  (CBOE Vest).\nThe Companys principal business is operating markets that offer for trading options on various market indexes (index options), mostly on an exclusive basis, and futures contracts, as well as on non-exclusive multiply-listed options, such as options on the stocks of individual corporations (equity options) and options on other exchange-traded products (ETP options), such as exchange-traded funds (ETF options) and exchange-traded notes (ETN options).\nThe Company operates CBOE, CFE and C2 as stand-alone exchanges, but reports the results of its operations in a single reporting segment.\nCBOE is our primary options market and offers trading in listed options through a single system that integrates electronic trading and traditional open outcry trading on our trading floor in Chicago.\nThis integration of electronic trading and traditional open outcry trading into a single exchange is known as our Hybrid trading model.\nCFE, our all-electronic futures exchange, offers trading of futures on the VIX Index and other products.\nC2 is our all-electronic exchange that also offers trading of listed options, and may operate with a different market model and fee structure than CBOE.\nAll of our exchanges operate on our proprietary technology platform known as CBOE Command.\nThe following chart illustrates annual contract volume across the different categories of products traded at the Company for the periods indicated:"}
{"_id": "d8c5b6298", "title": "", "text": "| Outstanding Reserves and Ranges By Segment -1 At December 31, 2012 | As | (Dollars inmillions) | Gross Reserves By Segment | U.S. Reinsurance | International | Bermuda | Insurance | Total Gross Reserves (excluding A&E) | A&E (All Segments) | Total Gross Reserves | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d864a89c4", "title": "", "text": "| As of December | $ in millions | Global Core Liquid Assets (GCLA) | Other cash | GCLA and cash | Secured client financing | Inventory | Secured financing agreements | Receivables | Institutional Client Services | Public equity | Private equity | Debt1 | Loans receivable2 | Other | Investing & Lending | Total inventory and related assets | Other assets | Total assets |"}
{"_id": "d897bc70c", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | 2012 | Attritional | Catastrophes | Total segment | 2011 | Attritional | Catastrophes | Total segment | 2010 | Attritional | Catastrophes | Total segment | Variance 2012/2011 | Attritional | Catastrophes | Total segment | Variance 2011/2010 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8d28a046", "title": "", "text": "VORNADO REALTY TRUST NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) 147 10.\nRedeemable Noncontrolling Interests - continued Redeemable noncontrolling interests on our consolidated balance sheets are recorded at the greater of their carrying amount or redemption value at the end of each reporting period.\nChanges in the value from period to period are charged to additional capital in our consolidated statements of changes in equity.\nBelow is a table summarizing the activity of redeemable noncontrolling interests."}
{"_id": "d81aa1ba0", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | Gross reserves | Reinsurance receivable | Net reserves | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d874ac564", "title": "", "text": "Utilization of $8 million of the Company’s U. S.  federal net operating loss carryforwards are subject to annual limitations as a result of the ATI Technologies ULC (ATI) acquisition.\nGas Sales and Deliveries O&R generally recovers the cost of the gas that it buys and then sells to its firm sales customers.\nIt does not make any margin or profit on the gas it sells.\nO&R’s gas revenues are subject to a weather normalization clause.\nEffective November 2009, O&R’s New York gas revenues (which accounted for substantially all of O&R’s gas revenues in 2009) became subject to a revenue decoupling mechanism.\nAs a result, its gas delivery revenues are generally not affected by changes in delivery volumes from levels assumed when rates were approved.\nO&R’s gas deliveries and sales for the last five years wer"}
{"_id": "d8af97462", "title": "", "text": "Operating Leases.\nThe Company leases its primary office locations under agreements that expire on varying dates through 2035.\nIn connection with certain lease agreements, the Company is responsible for escalation payments.\nThe contractual obligations table above includes only guaranteed minimum lease payments for such leases and does not project potential escalation or other lease-related payments.\nThese leases are classified as operating leases and, as such, are not recorded as liabilities on the consolidated statements of financial condition."}
{"_id": "d8c31327a", "title": "", "text": "Entergy Corporation and Subsidiaries Notes to Financial Statements Accounting for Pension and Other Postretirement Benefits Accounting standards require an employer to recognize in its balance sheet the funded status of its benefit plans.\nThis is measured as the difference between plan assets at fair value and the benefit obligation.\nEntergy uses a December 31 measurement date for its pension and other postretirement plans.\nEmployers are to record previously unrecognized gains and losses, prior service costs, and any remaining transition asset or obligation (that resulted from adopting prior pension and other postretirement benefits accounting standards) as comprehensive income and/or as a regulatory asset reflective of the recovery mechanism for pension and other postretirement benefit costs in the Registrant Subsidiaries respective regulatory jurisdictions.\nFor the portion of Entergy Louisiana that is not regulated, the unrecognized prior service cost, gains and losses, and transition asset/obligation for its pension and other postretirement benefit obligations are recorded as other comprehensive income.\nEntergy Louisiana recovers other postretirement benefit costs on a pay-as-you-go basis and records the unrecognized prior service cost, gains and losses, and transition obligation for its other postretirement benefit obligation as other comprehensive income.\nAccounting standards also require that changes in the funded status be recorded as other comprehensive income and/or a regulatory asset in the period in which the changes occur.\nWith regard to pension and other postretirement costs, Entergy calculates the expected return on pension and other postretirement benefit plan assets by multiplying the long-term expected rate of return on assets by the marketrelated value (MRV) of plan assets.\nEntergy determines the MRV of pension plan assets by calculating a value that uses a 20-quarter phase-in of the difference between actual and expected returns.\nFor other postretirement benefit plan assets Entergy uses fair value when determining MRV.\nQualified Pension and Other Postretirement Plans Assets The Plan Administrators trust asset investment strategy is to invest the assets in a manner whereby long-term earnings on the assets (plus cash contributions) provide adequate funding for retiree benefit payments.\nThe mix of assets is based on an optimization study that identifies asset allocation targets in order to achieve the maximum return for an acceptable level of risk, while minimizing the expected contributions and pension and postretirement expense.\nIn the optimization studies, the Plan Administrator formulates assumptions about characteristics, such as expected asset class investment returns, volatility (risk), and correlation coefficients among the various asset classes.\nThe future market assumptions used in the optimization study are determined by examining historical market characteristics of the various asset classes and making adjustments to reflect future conditions expected to prevail over the study period.\nThe target asset allocation for pension adjusts dynamically based on the pension plans funded status.\nThe current targets are shown below.\nThe expectation is that the allocation to fixed income securities will increase as the pension plans funded status increases.\nThe following ranges were established to produce an acceptable, economically efficient plan to manage around the targets.\nThe target and range asset allocation for postretirement assets reflects recommendations made in the latest optimization study.\nEntergys qualified pension and postretirement weighted-average asset allocations by asset category at December 31, 2015 and 2014 and the target asset allocation and ranges are as follows:"}
{"_id": "d8c07e262", "title": "", "text": "| December 31, 2017 December 31, 2016 | Carrying Value-1 | Debt and preferred equity investments | Fixed rate debt | Variable rate debt | $5,910,596 |"}
{"_id": "d8c9759ce", "title": "", "text": "| Fiscal 2016 $377.0 | Fiscal 2017 | Fiscal 2018 | Fiscal 2019 | Fiscal 2020 |"}
{"_id": "d8a2165d6", "title": "", "text": "Table of Contents 73 In May 2016, the Company entered into an accelerated share repurchase agreement (the May 2016 ASR) to repurchase an aggregate of $125.0 million of the Companys common stock.\nPursuant to the May 2016 ASR, the Company made a prepayment of $125.0 million and received initial share deliveries of shares valued at $100.0 million.\nThe remaining balance of $25.0 million was settled in August 2016.\nTotal shares purchased under the May 2016 ASR were approximately 2.4 million shares, at an average purchase price of $52.98 per share.\nIn December 2016, the Company entered into an accelerated share repurchase agreement (the December 2016 ASR) to repurchase an aggregate of $100.0 million of the Companys common stock.\nPursuant to the December 2016 ASR, the Company made a prepayment of $100.0 million and received initial share deliveries of shares valued at $80.0 million.\nThe remaining balance of $20.0 million is anticipated to be settled on or before February 16, 2017, upon completion of the repurchase.\nUnder the terms of the December 2016 ASR, the specific number of shares that the Company ultimately repurchases will be based on the volume-weighted average share price of the Companys common stock during the repurchase period, less a discount.\nThe following table summarizes stock repurchase activities as well as the reissuance of treasury stock for employee stock compensation purposes:"}
{"_id": "d8198bf9a", "title": "", "text": "| As of February 28, 2010 | (In thousands) | Fiscal 2011 | Fiscal 2012 | Fiscal 2013 | Fiscal 2014 | Fiscal 2015 | Fiscal 2016 and thereafter | Total minimum lease payments | Less amounts representing interest | Present value of net minimum capital lease payments |"}
{"_id": "d8e8f9eda", "title": "", "text": "| 2008 $1,817 | 2009 | 2010 | 2011 | 2012 | Thereafter | Total cash obligations | Accreted value of the discount and premium of 3.00% Notes and 7.125% Notes | Balance as of December 31, 2007 |"}
{"_id": "d8c504c32", "title": "", "text": "| Plan category (a)    Number of securities to be issued upon exercise of outstanding options, warrants and rights (b)    Weighted-average exercise price of outstanding options, warrants and rights (c)      Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) | Equity compensation plans approved by security holders | Equity compensation plans not approved by security holders -1 | Total |"}
{"_id": "d8dfaee66", "title": "", "text": "| Year Ended April 30, | 2019 | Share-based compensation expense included in SD&A | Share-based compensation expense (benefit) included in other special project costs(A) | Total share-based compensation expense | Related income tax benefit |"}
{"_id": "d8960fb3e", "title": "", "text": "| 2012 % Change 2011 % Change 2010 | Net Revenues | U.S. and Canada | International | Entertainment and Licensing | Operating Profit | U.S. and Canada | International | Entertainment and Licensing |"}
{"_id": "d8ac7302e", "title": "", "text": "| Company Index November 17, 2011 December 31, 2011 December 31, 2012 December 31, 2013 December 31, 2014 | Delphi Automotive PLC -1 | S&P 500 -2 | Automotive Supplier Peer Group -3 | 2018 (Projected) | Copper(millions of recoverable pounds): | North America copper mines | South America mining | Indonesia mining | Total | Gold(thousands of recoverable ounces) | Molybdenum(millions of recoverable pounds) |"}
{"_id": "d8953e070", "title": "", "text": "| December 31, 2014 2013 | Raw materials and packaging | Finished goods | Other | Total inventories |"}
{"_id": "d8e65deec", "title": "", "text": "Item 6.\nSelected Financial Data.\nThe following selected financial data set forth should be read in conjunction with, and is qualified by reference to, Managements Discussion and Analysis of Financial Condition and Results of Operations and the consolidated financial statements and related notes included in this Form 10-K.\nThe selected financial data, with the exception of store counts and same store sales growth, has been derived from the audited consolidated financial statements of Dominos Pizza, Inc.  and subsidiaries.\nThis historical data is not necessarily indicative of results to be expected for any future period."}
{"_id": "d89be0fa4", "title": "", "text": "| 2010 $122 | 2011 | 2012 | 2013 | 2014 | Thereafter | Total future lease commitments |"}
{"_id": "d8857909a", "title": "", "text": "13.\nRENTALS AND LEASES The Company leases sales and administrative office facilities, distribution centers, research and manufacturing facilities, as well as vehicles and other equipment under operating leases.\nTotal rental expense under the Companys operating leases was $239 million in 2017 and $221 million in both 2016 and 2015.\nAs of December 31, 2017, identifiable future minimum payments with non-cancelable terms in excess of one year were:"}
{"_id": "d8a0f7ab0", "title": "", "text": "| 2008 2007 2006 | Net income available for common shareholders | Adjustments: | Depreciation and amortization | Company share of joint venture depreciation and amortization | Earnings from depreciable property sales – wholly owned | Earnings from depreciable property sales – share of joint venture | Minority interest share of adjustments | Funds From Operations | Total Portfolio | Year of Expiration | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 and Thereafter | 113,744 | Total Portfolio Square Feet | Percent Occupied | 2008 | Basic net income available for common shareholders | Minority interest in earnings of common unitholders | Diluted net income available for common shareholders | Weighted average number of common shares outstanding | Weighted average partnership Units outstanding | Dilutive shares for stock-based compensation plans -1 | Weighted average number of common shares and potential dilutive securities |"}
{"_id": "d8291a948", "title": "", "text": "investment income attributable to higher yields was primarily due to higher returns on fixed maturity securities, other limited partnership interests excluding hedge funds, equity securities and improved securities lending results, partially offset by lower returns on real estate joint ventures, cash, cash equivalents and short-term investments, hedge funds and mortgage loans.\nManagement anticipates that investment income and the related yields on other limited partnership interests may decline during 2008 due to increased volatility in the equity and credit markets during 2007.\nInterest Margin Interest margin, which represents the difference between interest earned and interest credited to policyholder account balances increased in the Institutional and Individual segments for the year ended December 31, 2007 as compared to the prior year.\nInterest earned approximates net investment income on investable assets attributed to the segment with minor adjustments related to the consolidation of certain separate accounts and other minor non-policyholder elements.\nInterest credited is the amount attributed to insurance products, recorded in policyholder benefits and claims, and the amount credited to policyholder account balances for investment-type products, recorded in interest credited to policyholder account balances.\nInterest credited on insurance products reflects the current year impact of the interest rate assumptions established at issuance or acquisition.\nInterest credited to policyholder account balances is subject to contractual terms, including some minimum guarantees.\nThis tends to move gradually over time to reflect market interest rate movements and may reflect actions by management to respond to competitive pressures and, therefore, generally does not introduce volatility in expense.\nNet Investment Gains (Losses) Net investment losses decreased by $644 million to a loss of $738 million for the year ended December 31, 2007 from a loss of $1,382 million for the comparable 2006 period.\nThe decrease in net investment losses was primarily due to a reduction of losses on fixed maturity securities resulting principally from the 2006 portfolio repositioning in a rising interest rate environment, increased gains from asset-based foreign currency transactions due to a decline in the U. S.  dollar year over year against several major currencies and increased gains on equity securities, partially offset by increased losses from the mark-to-market on derivatives and reduced gains on real estate and real estate joint ventures.\nUnderwriting Underwriting results are generally the difference between the portion of premium and fee income intended to cover mortality, morbidity or other insurance costs, less claims incurred, and the change in insurance-related liabilities.\nUnderwriting results are significantly influenced by mortality, morbidity or other insurance-related experience trends, as well as the reinsurance activity related to certain blocks of business.\nConsequently, results can fluctuate from period to period.\nUnderwriting results, excluding catastrophes, in the Auto & Home segment were less favorable for the year ended December 31, 2007, as the combined ratio, excluding catastrophes, increased to 86.3% from 82.8% for the year ended December 31, 2006.\nUnderwriting results were favorable in the non-medical health & other, group life and retirement & savings businesses in the Institutional segment.\nUnderwriting results were unfavorable in the life products in the Individual segment."}
{"_id": "d8ce70870", "title": "", "text": "| 2001 2002 Change | Foreign currency transaction (gains) and losses | Debt extinguishment expense | Loss on investments | Other, net | $37,485 |"}
{"_id": "d8691c244", "title": "", "text": "| 2005 2004 2003 | Shares | Class A Common Stock | Balance at beginning of year | Common stock purchases | Stock award plans | Common stock issuances | Conversions of Class A to Class B common stock | Balance at end of year | Class B Common Stock | Balance at beginning of year | Common stock purchases | Conversions of Class A to Class B common stock | Balance at end of year | Additional Paid-In Capital | Balance at beginning of year | Stock award plans | Common stock purchases | Common stock issuances | Balance at end of year | Retained Earnings | Balance at beginning of year | Net income | Dividends ($1.32, $1.12, and $0.92) | Common stock purchases | Balance at end of year | Accumulated Other Comprehensive Income (Loss) | Foreign currency translation adjustment: | Balance at beginning of year | Aggregate adjustment for the year | Balance at end of year | Unrealized gain (loss) on marketable securities, net of tax: | Balance at beginning of year | Current period changes in fair value (net of tax effect of $0, $(10), and $13) | Reclassification to earnings (net of tax effect of $10, $(1), and $17) | Balance at end of year | Unrealized gain (loss) on cash flow hedges, net of tax: | Balance at beginning of year | Current period changes in fair value (net of tax effect of $81, $21, and $(6)) | Reclassification to earnings (net of tax effect of $(14), $4, and $(21)) | Balance at end of year | Additional minimum pension liability, net of tax: | Balance at beginning of year | Minimum pension liability adjustment (net of tax effect of $(8), $(10), and $(6)) | Balance at end of year | Accumulated other comprehensive income (loss) at end of year | Deferred Compensation Obligations | Balance at beginning of year | Common stock held for deferred compensation obligations | Balance at end of year | Treasury Stock | Balance at beginning of year | Common stock held for deferred compensation obligations | Balance at end of year | Total Shareowners’ Equity at End of Year | Comprehensive Income |"}
{"_id": "d880b0662", "title": "", "text": "| Year ended December 31, (in millions) 2010 2009 2008 | Trading assets – debt and equity instruments(a) | Trading assets – derivative receivables | Trading liabilities – debt and equity instruments(a)(b) | Trading liabilities – derivative payables |"}
{"_id": "d87a5cc52", "title": "", "text": "At December 31, 2011, there was $391 million of total pretax unrecognized compensation expense related to nonvested stock options, RSU and PSU awards which will be recognized over a weighted average period of 1.8 years.\nFor segment reporting, share-based compensation costs are unallocated expenses.15."}
{"_id": "d8327a74a", "title": "", "text": "| December 31, 2017 2016 2015 | Discount rate: | Pension | Other postretirement benefits | Expected return on plan assets | Rate of compensation increase |"}
{"_id": "d884feea8", "title": "", "text": "| September 30, | 2010 | ($ in 000's) | Assets Under Management: | Eagle Asset Management, Inc. | Eagle Money Market Funds | Raymond James Consulting Services (“RJCS”) | Unified Managed Accounts | Freedom Accounts & Other Managed Programs | Total Assets Under Management | Less: Assets Managed for Affiliated Entities | Net Assets Under Management | Non-Managed Fee-based Assets: | Passport | Ambassador | Other Non-Managed Fee-based Assets | Total |"}
{"_id": "d8ec131ca", "title": "", "text": "| December 31, 2016 | AmortizedCost | ($ in millions) | Corporate & government securities: | Maturing in 2017 | Maturing in 2018 | Maturing in 2019 | Maturing in 2020 | Maturing in 2021 | Maturing in 2022 | Maturing in 2023 | Maturing in 2024 | Maturing in 2025 | Maturing in 2026 | Maturing in 2027 | Maturing in 2028 and beyond | Total corporate & government securities | Asset-backed securities | Commercial mortgage-backed securities | Residential mortgage-backed securities | Total fixed maturities |"}
{"_id": "d8d511724", "title": "", "text": "| Fiscal Years Ended | March 28, 2009 | (millions) | Operating Income: | Wholesale | Retail | Licensing | 825.1 | Less: | Unallocated corporate expenses | Unallocated legal and restructuring charges | Total operating income |"}
{"_id": "d8b0d1634", "title": "", "text": "Although our revenues are principally derived from customers domiciled in the United States, the ultimate points of origination or destination for some products transported are outside the United States.\nBasis of Presentation  The Consolidated Financial Statements are presented in accordance with accounting principles generally accepted in the United States of America (GAAP) as codified in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC).\nSubsequent Events Evaluation  We evaluated the effects of all subsequent events through February 5, 2010, the date of this report, which is concurrent with the date we file this report with the U. S.  Securities and Exchange Commission (SEC).2.\nSignificant Accounting Policies Change in Accounting Principle  We have historically accounted for rail grinding costs as a capital asset.\nBeginning in the first quarter of 2010, we will change our accounting policy for rail grinding costs"}
{"_id": "d8649584c", "title": "", "text": "Table of Contents In March 2008, the FASB issued SFAS No.161, Disclosures about Derivative Instruments and Hedging Activitiesan amendment of FASB Statement No.133, which requires companies to provide additional disclosures about its objectives and strategies for using derivative instruments, how the derivative instruments and related hedged items are accounted for under SFAS No.133, Accounting for Derivative Instruments and Hedging Activities , and related interpretations, and how the derivative instruments and related hedged items affect the Companys financial statements.\nSFAS No.161 also requires companies to disclose information about credit risk-related contingent features in their hedged positions.\nSFAS No.161 is effective for fiscal years and interim periods beginning after November 15, 2008 and is required to be adopted by the Company beginning in the second quarter of fiscal 2009.\nAlthough the Company will continue to evaluate the application of SFAS No.161, management does not currently believe adoption will have a material impact on the Companys financial condition or operating results."}
{"_id": "d87aa37b0", "title": "", "text": "| 2008 $42,335 | 2009 | 2010 | 2011 | 2012 | Thereafter | Future Minimum Lease Payments |"}
{"_id": "d8da80e3a", "title": "", "text": "| Moody’s InvestorService Standard andPoor’s Fitch Ratings | Rating | Outlook | Crude Oil, Condensate and NGLs (MMBbls) | United States | Proved Reserves as of: | December 31, 2008 | Revisions of Previous Estimates-2 | Extensions, Discoveries and Other Additions-3 | Purchase of Minerals in Place-4 | Sale of Minerals in Place-5 | Production-6 | December 31, 2009 | Revisions of Previous Estimates-2 | Extensions, Discoveries and Other Additions-3 | Purchase of Minerals in Place-4 | Sale of Minerals in Place-5 | Production-6 | December 31, 2010 | Revisions of Previous Estimates-2 | Extensions, Discoveries and Other Additions-3 | Purchase of Minerals in Place-4 | Sale of Minerals in Place-5 | Production-6 | December 31, 2011 | Proved Developed Reserves as of: | December 31, 2008 | December 31, 2009 | December 31, 2010 | December 31, 2011 | Proved Undeveloped Reserves as of: | December 31, 2008 | December 31, 2009 | December 31, 2010 | December 31, 2011 |"}
{"_id": "d843a796e", "title": "", "text": "| 2017 $11.5 | 2018 | 2019 | 2020 | 2021 | 2022–2026 |"}
{"_id": "d8c017b34", "title": "", "text": "| Favorable/(Unfavorable) | Years ended December 31, | In millions | External sales | Intersegment sales | Total sales | Depreciation and amortization | Research, development and engineering expenses | Equity, royalty and interest income from investees | Interest income | Segment EBIT | Percentage Points | Segment EBIT as a percentage of total sales | U.S. Plans | Target Allocation | Investment description | Fixed income | Equity securities | Real estate/other | Total | Long-term Expected Return Assumptions | 2015 | U.S. plans | U.K. plans |"}
{"_id": "d81114556", "title": "", "text": "Middleton's reported cigars shipment volume for 2012 decreased 0.7% due primarily to changes in trade inventories, partially offset by volume growth as a result of retail share gains.\nIn the cigarette category, Marlboro's 2012 retail share performance continued to benefit from the brand-building initiatives supporting Marlboro's new architecture.\nMarlboro's retail share for 2012 increased 0.6 share points versus 2011 to 42.6%.\nIn January 2013, PM USA expanded distribution of Marlboro Southern Cut nationally.\nMarlboro Southern Cut is part of the Marlboro Gold family.\nPM USA's 2012 retail share increased 0.8 share points versus 2011, reflecting retail share gains by Marlboro and by L&M in Discount.\nThese gains were partially offset by share losses on other portfolio brands.\nIn the machine-made large cigars category, Black & Mild's retail share for 2012 increased 0.5 share points.\nThe brand benefited from new untipped cigarillo varieties that were introduced in 2011, Black & Mild seasonal offerings and the 2012 third-quarter introduction of Black & Mild Jazz untipped cigarillos into select geographies.\nIn December 2012, Middleton announced plans to launch nationally Black & Mild Jazz cigars in both plastic tip and wood tip in the first quarter of 2013.\nThe following discussion compares smokeable products segment results for the year ended December 31, 2011 with the year ended December 31, 2010.\nNet revenues, which include excise taxes billed to customers, decreased $221 million (1.0%) due to lower shipment volume ($1,051 million), partially offset by higher net pricing ($830 million), which includes higher promotional investments.\nOperating companies income increased $119 million (2.1%), due primarily to higher net pricing ($831 million), which includes higher promotional investments, marketing, administration, and research savings reflecting cost reduction initiatives ($198 million) and 2010 implementation costs related to the closure of the Cabarrus, North Carolina manufacturing facility ($75 million), partially offset by lower volume ($527 million), higher asset impairment and exit costs due primarily to the 2011 Cost Reduction Program ($158 million), higher per unit settlement charges ($120 million), higher charges related to tobacco and health judgments ($87 million) and higher FDA user fees ($73 million).\nFor 2011, total smokeable products shipment volume decreased 4.0% versus 2010.\nPM USA's reported domestic cigarettes shipment volume declined 4.0% versus 2010 due primarily to retail share losses and one less shipping day, partially offset by changes in trade inventories.\nAfter adjusting for changes in trade inventories and one less shipping day, PM USA's 2011 domestic cigarette shipment volume was estimated to be down approximately 4% versus 2010.\nPM USA believes that total cigarette category volume for 2011 decreased approximately 3.5% versus 2010, when adjusted primarily for changes in trade inventories and one less shipping day PM USA's total premium brands (Marlboro and Other Premium brands) shipment volume decreased 4.3%.\nMarlboro's shipment volume decreased 3.8% versus 2010.\nIn the Discount brands, PM USA's shipment volume decreased 0.9%.\nPM USA's shipments of premium cigarettes accounted for 93.7% of its reported domestic cigarettes shipment volume for 2011, down from 93.9% in 2010.\nMiddleton's 2011 reported cigars shipment volume was unchanged versus 2010.\nFor 2011, PM USA's retail share of the cigarette category declined 0.8 share points to 49.0% due primarily to retail share losses on Marlboro.\nMarlboro's 2011 retail share decreased 0.6 share points.\nIn 2010, Marlboro delivered record full-year retail share results that were achieved at lower margin levels.\nMiddleton retained a leading share of the tipped cigarillo segment of the machine-made large cigars category, with a retail share of approximately 84% in 2011.\nFor 2011, Middleton's retail share of the cigar category increased 0.3 share points to 29.7% versus 2010.\nBlack & Mild's 2011 retail share increased 0.5 share points, as the brand benefited from new product introductions.\nDuring the fourth quarter of 2011, Middleton broadened its untipped cigarillo portfolio with new Aroma Wrap?\nfoil pouch packaging that accompanied the national introduction of Black & Mild Wine.\nThis new fourthquarter packaging roll-out also included Black & Mild Sweets and Classic varieties.\nDuring the second quarter of 2011, Middleton entered into a contract manufacturing arrangement to source the production of a portion of its cigars overseas.\nMiddleton entered into this arrangement to access additional production capacity in an uncertain competitive environment and an excise tax environment that potentially benefits imported large cigars over those manufactured domestically."}
{"_id": "d8a4b40f4", "title": "", "text": "| September 30, 2007 September 30, 2006 | Trading Instruments | (in 000's) | Marketable: | Municipal | Corporate | Government | Agency | Total Debt Securities | Derivative Contracts | Equity Securities | Other Securities | Total |"}
{"_id": "d89c7a082", "title": "", "text": "| Volatility Factor | (Dollars in millions) | Risk Free Interest Rate | Less 100 basis points | Current rate -4.8% | Plus 100 basis points | (Dollars in thousands) | Year ended December 31, 2010 | Net interest income | Provision for loan losses | Noninterest income | Noninterest expense -2 | Income (loss) before income tax expense (3) | Total average loans | Total average assets | Total average deposits | Year ended December 31, 2009 | Net interest income (loss) | Provision for loan losses | Noninterest income (loss) | Noninterest expense, excluding impairment of goodwill -2 | Impairment of goodwill | Income (loss) before income tax expense (3) | Volatility Factor | (Dollars in millions) | Risk free interest rate: | Less 50 basis points | Current rate -1.0% | Plus 50 basis points |"}
{"_id": "d81b7d52e", "title": "", "text": "| Year ended December 31,(a) 2005 2004 2003 | Statutory U.S. federal tax rate | Increase (decrease) in tax rate resulting from: | U.S. state and local income taxes, net offederal income tax benefit | Tax-exempt income | Non-U.S. subsidiary earnings | Business tax credits | Other, net | Effective tax rate |"}
{"_id": "d861e3928", "title": "", "text": "| ECONOMIC VALUE OF EQUITY Estimated Exposure to Economic Value of Equity | 2005 | (Dollars in millions) Rate Change | + 200 bps shock | – 200 bps shock |"}
{"_id": "d8c981878", "title": "", "text": "Xcel Energy applies Accounting Principles Board Opinion No.25 – “Accounting for Stock Issued to Employees” in accounting for stock-based compensation and, accordingly, no compensation cost is recognized for the issuance of stock options, as the exercise price of the options equals the fair-market value of Xcel Energy’s common stock at the date of grant.\nIn December 2002, the FASB issued SFAS No.148 – “Accounting for Stock-Based Compensation – Transition and Disclosure,” amending SFAS No.123 to provide alternative methods of transition for a voluntary change to the fair-value-based method of accounting for stock-based employee compensation, and requiring disclosure in both annual and interim Consolidated Financial Statements about the method used and the effect of the method used on results.\nThe pro forma impact of applying SFAS No.148 is as follows at Dec.  31:"}
{"_id": "d8c9e1e26", "title": "", "text": "| QualifiedPension NonqualifiedPension PostretirementBenefits | December 31 (Measurement Date) – in millions | Accumulated benefit obligation at end of year | Projected benefit obligation at beginning of year | Service cost | Interest cost | Amendments | Actuarial (gains)/losses and changes in assumptions | Participant contributions | Federal Medicare subsidy on benefits paid | Benefits paid | Projected benefit obligation at end of year | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contribution | Participant contributions | Federal Medicare subsidy on benefits paid | Benefits paid | Fair value of plan assets at end of year | Funded status | Amounts recognized on the consolidated balance sheet | Noncurrent asset | Current liability | Noncurrent liability | Net amount recognized on the consolidated balance sheet | Amounts recognized in Accumulated other comprehensive income (AOCI)consist of: | Prior service cost (credit) | Net actuarial loss | Amount recognized in AOCI |"}
{"_id": "d81b363f4", "title": "", "text": "| Increase (Decrease) over prior year 2017 2016 | Residential sales | General service sales | Industrial sales | Wholesale power sales | Joint dispatch sales | Total sales | Average number of customers |"}
{"_id": "d8d5af50a", "title": "", "text": "| Change | Fiscal Year | 2016 | United States | Rest of North and South America | Europe | Japan | China | Rest of Asia | Total Revenue |"}
{"_id": "d8d684ca0", "title": "", "text": "| Total Number of Shares Purchased(a) Average PricePaid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Maximum Number of Shares that May Yet Be Purchased Under the Plans or Programs(b) | October 1 to October 28, 2007 | October 29 to November 25, 2007 | November 26 to December 31, 2007 | Total | Shares (in thousands) | Nonvested at January 1, 2010 | Vested | Granted | Reinvested Dividends | Forfeited / Expired | Nonvested at December 31, 2010 | RSUs Expected to Vest |"}
{"_id": "d88ea2644", "title": "", "text": "| Securities Maturing as of December 31, 2012 | Within One Year | (Dollars in millions) | Securities: | U.S. Treasury securities | Federal agency securities | Obligations of states and political subdivisions | Mortgage-backed securities: | Residential agency | Residential non-agency | Commercial agency | Commercial non-agency | Corporate and other debt securities | $38 | Weighted-average yield |"}
{"_id": "d8a8542c2", "title": "", "text": "| (dollars in millions) 2016 2017 2018 17 vs. 16 18 vs. 17 | Sales: | Climate Technologies | Tools & Home Products | Total | Earnings: | Climate Technologies | Tools & Home Products | Total | Margin |"}
{"_id": "d8aa75a42", "title": "", "text": "Four of the groups aircraft  the Gulfstream G350, G450, G500 and G550  as well as the out-of-production GV, share the same pilot-type rating.\nThis results in significant savings for multiple-aircraft fleet operators in training and maintenance costs, as well as enhanced safety in the operation of the aircraft.\nIn 2006, the Aerospace group continued to distinguish its products and services from its competition.\nThe company brought into service its newest business-jet aircraft, the mid-size, high-speed G150, replacing the G100.\nThe G150 offers an entirely new cabin design  a wider fuselage and space for larger seats  that can accommodate up to eight passengers.\nIn March, General Dynamics announced the Aerospace groups most comprehensive infrastructure renewal program since Gulfstreams inception in 1958.\nThis seven-year effort includes a new service center more than twice as large as the current facility; a unique sales and design center to help guide customers through the aircraft purchase and interior-design selection process; expansion of the existing manufacturing facilities; a new engineering building; and new paint hangars.\nTo ensure its continued leadership in the business-aviation industry, the Aerospace group is committed to ongoing investment in research and development (R&D).\nInvestments in innovative designs occur across a range of capabilities in aerodynamics; cockpit design and layout; and fuel, electrical and weight efficiencies.\nThese continue to enhance Gulfstreams reputation and lead to ongoing new-product offerings and broader customer choice.\nTo support these efforts, in 2006 the Aerospace group opened the new 100,000-square-foot Gulfstream Research and Development Center.\nThis facility has centralized the groups R&D efforts in advanced avionics, flight control systems and cabin technologies; enhanced vision systems, including synthetic vision; and new model concepts.\nThe company is making these investments to enable the Aerospace group to remain a leader in the business-jet aviation industry.\nThe Aerospace group offers several product enhancements for new aircraft and upgrades for existing planes to ensure new and current customers benefit from the results of these R&D investments.\nAmong them is the ultra-high-speed broadband multi-link (BBML) system, which is available for Gulfstreams large-cabin business-jet aircraft.\nThis sophisticated technology allows customers to access the Internet at connection speeds similar to those typically found in corporate offices while at altitudes up to 51,000 feet.\nGulfstreams BBML service is up to 10 times faster than other widely used in-flight connections.\nVideoconferencing and Voice-over-Internet Protocol (VoIP) communications capabilities are available as well.\nAdditionally, the company continues to offer its industryleading Enhanced Vision System (EVS), a specially designed, forward-looking infrared (FLIR) camera that projects an infrared real-world image on the pilots heads-up display (HUD).\nEVS enables the flight crew to see runway markings, taxiways, adjacent roads and surrounding areas in conditions of low light and reduced visibility, significantly enhancing the safety features of the aircraft.\nCustomer service remains a key market discriminator for the Aerospace group.\nIn addition to the new service center planned for the groups headquarters in Savannah, Georgia, the Aerospace group has expanded service support and pre-positioned spare-parts depots in Asia, Europe, the Middle East and Latin America.\nIn January 2007, the group announced the acquisition of WECO Aerospace Systems, a privately held aviation-component overhaul company, to augment the groups service capabilities.\nThe groups commitment to product service and support, which has garnered top industry awards for exemplary product support for the past seven years, continues to extend its outstanding record of aircraft safety, reliability and availability.\nThe company remains a leading provider of aircraft for government special-mission applications, including executive transportation, aerial reconnaissance, maritime surveillance, weather research and astronaut training.\nGulfstream aircraft are ideal for meeting these various mission requirements because of the aircrafts high-altitude capability, range, endurance, reliability and efficiency.\nFor example, in 2006 the company delivered a Conformal Airborne Early Warning (CAEW) special-mission aircraft to the Israeli Ministry of Defense.\nThis program entailed the most extensive exterior modification on a Gulfstream aircraft to date  including additional structural attachments and an enhanced electrical power system.\nMore than 160 government and special-mission Gulfstream aircraft are in service, completed or on order for 34 nations.\nNet sales for the Aerospace group were 17 percent of the companys consolidated net sales in 2006 and 16 percent in 2005 and 2004.\nNet sales by major products and services were as follows:"}
{"_id": "d8a70052e", "title": "", "text": "For Years Ended December 31"}
{"_id": "d8aa2d8a0", "title": "", "text": "| December 31, | 2012 | Water | Residential | Commercial | Industrial | Private fire | Public authority & other | Total |"}
{"_id": "d85f2a36c", "title": "", "text": "| Year Ended December | $ in millions, except per share amounts | Net revenues | Pre-tax earnings | Net earnings | Net earnings applicable to common shareholders | Diluted earnings per common share | Return on average common shareholders’ equity | Net earnings to average assets | Return on average total shareholders’ equity | Total average equity to average assets | Dividend payout ratio |"}
{"_id": "d8ee8d036", "title": "", "text": "Con Edison of New York’s sales and transportation volumes for firm customers decreased 3.8 percent in 2004 compared with 2003 reflecting the impact of milder winter and warmer spring weather, partially offset by increased new business.\nAfter adjusting for variations, principally weather and billing days in each period and the August 2003 regional power outage, firm gas sales and transportation volumes in the company’s service area increased 0.6 percent in 2004.\nNon-firm transportation of customer-owned gas to NYPA and electric generating plants decreased 5.6 percent in 2004 as compared with 2003 due to higher gas prices.\nIn 2004, because of the relative prices of gas and fuel oil, electric generating plants in the company’s gas service area utilized oil rather than gas for a significant portion of their generation.\nThe decline in gas usage had minimal impact on earnings due to the application of a fixed demand charge for local transportation.\nCon Edison of New York’s purchased gas cost decreased $6 million in 2004 compared with 2003, due to lower delivery volumes, partially offset by higher unit costs.\nAdditional information for our significant US operating areas is as follows:"}
{"_id": "d86023a66", "title": "", "text": "| At or for the year ended December 31 | Dollars in millions, except as noted | BALANCESHEETHIGHLIGHTS | Assets (b) (c) | Loans (c) (d) | Allowance for loan and lease losses (c) | Interest-earning deposits with banks (c) (e) | Investment securities (c) | Loans held for sale (d) | Goodwill and other intangible assets | Equity investments (b) (c) (f) | Noninterest-bearing deposits | Interest-bearing deposits | Total deposits | Transaction deposits (g) | Borrowed funds (c) (d) (h) | Total shareholders’ equity (b) | Common shareholders’ equity (b) | CLIENTINVESTMENTASSETS(billions) | Discretionary client assets under management | Nondiscretionary client assets under management | Total client assets under administration | Brokerage account client assets | Total | SELECTEDRATIOS | Net interest margin (i) | Noninterest income to total revenue | Efficiency (b) | Return on | Average common shareholders’ equity (b) | Average assets (b) | Loans to deposits | Dividend payout (b) | Transitional Basel III common equity Tier 1 capital ratio (j) (k) | Transitional Basel III Tier 1 risk-based capital ratio (j) (k) | Pro forma fully phased-in Basel III common equity Tier 1 capital ratio (k) (l) (m) | Basel I Tier 1 common capital ratio (m) | Basel I Tier 1 risk-based capital ratio (m) | Common shareholders’ equity to total assets (b) | Average common shareholders’ equity to average assets (b) | SELECTEDSTATISTICS | Employees | Retail Banking branches | ATMs | Residential mortgage servicing portfolio – Serviced for Third Parties (in billions) | Commercial mortgage servicing portfolio – Serviced for PNC and Others (inbillions) |"}
{"_id": "d864447f8", "title": "", "text": "| December 31, 2009 December 31, 2008 | Amortized Cost-1 | (in millions) | Less than three months | Three months or greater but less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Greater than twelve months | Total |"}
{"_id": "d8622c6e6", "title": "", "text": "| December 31, 2005 2004 | (In millions) | Reinsurance receivables related to insurance reserves: | Ceded claim and claim adjustment expense | Ceded future policy benefits | Ceded policyholders’ funds | Billed reinsurance receivables | Reinsurance receivables | Allowance for uncollectible reinsurance | Reinsurance receivables, net of allowance for uncollectible reinsurance |"}
{"_id": "d8e56c36c", "title": "", "text": "| Fiscal Year Ended July 1, 2005 Fiscal Year Ended July 2, 2004 | (in millions) | Balance, beginning of period | Warranties issued | Repairs and replacements | Changes in liability for pre-existing warranties, including expirations | Balance, end of period |"}
{"_id": "d8cd34830", "title": "", "text": "| Calculation of Proportional Free Cash Flow (in millions) 2015 2014 2013 2015/2014 Change 2014/2013 Change | Net Cash Provided by Operating Activities | Add: capital expenditures related to service concession assets-1 | Adjusted Operating Cash Flow | Less: proportional adjustment factor on operating cash activities-2 -3 | Proportional Adjusted Operating Cash Flow | Less: proportional maintenance capital expenditures, net of reinsurance proceeds-2 | Less: proportional non-recoverable environmental capital expenditures-2 -4 | Proportional Free Cash Flow |"}
{"_id": "d8a3e1adc", "title": "", "text": "The growth in the Reinsurance segment was primarily attributable to premiums from new facultative and automatic treaties and renewal premiums on existing blocks of business in the U. S.  and international operations.\nThe growth in the International segment was primarily due to the following factors: ?\nAn increase in Mexicos premiums, fees and other revenues due to growth in the business and higher fees, partially offset by an adjustment for experience refunds on a block of business and various one- time other revenue items in both years.  ?\nSouth Koreas premiums, fees and other revenues increased due to business growth, as well as the favorable impact of foreign currency exchange rates.  ?\nBrazils premiums, fees and other revenues increased due to business growth and higher bancassurance business, as well as an increase in amounts retained under reinsurance arrangements.  ?\nChiles premiums, fees and other revenues increased primarily due to higher institutional premiums through its bank distribution channel, partially offset by lower annuity sales.  ?\nBusiness growth in the United Kingdom, Argentina, Australia and Taiwan, as well as the favorable impact of changes in foreign currency exchange rates, also contributed to the increase in the International segment.\nThe growth in the Institutional segment was primarily due to growth in the dental, disability, AD&D products, as well as growth in the LTC and IDI businesses, all within the non-medical health & other business.\nAdditionally, growth in the group life business was attributable to the impact of sales and favorable persistency largely in the term life business.\nThese increases in the non-medical health & other and group life businesses were partially offset by a decrease in the retirement & savings business.\nThe decline in retirement & savings was primarily due to a decline in premiums from structured settlements predominantly due to lower sales, partially offset by an increase in master terminal funding premiums (MTF).\nThe growth in the Individual segment was primarily due to higher fee income from universal life and investment-type products and an increase in premiums from other life products, partially offset by a decrease in immediate annuity premiums and a decline in premiums associated with the Companys closed block business as this business continues to run-off."}
{"_id": "d8a89eaf2", "title": "", "text": "Banking E*TRADE Bank is subject to various regulatory capital requirements administered by federal banking agencies.\nFailure to meet minimum capital requirements can trigger certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on E*TRADE Bank’s financial condition and results of operations.\nUnder capital adequacy guidelines and the regulatory framework for prompt corrective action, E*TRADE Bank must meet specific capital guidelines that involve quantitative measures of E*TRADE Bank’s assets, liabilities and certain off-balance sheet items as calculated under regulatory accounting practices.\nIn addition, E*TRADE Bank may not pay dividends to the parent company without approval from its regulators and any loans by E*TRADE Bank to the parent company and its other non-bank subsidiaries are subject to various quantitative, arm’s length, collateralization and other requirements.\nE*TRADE Bank’s capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.\nQuantitative measures established by regulation to ensure capital adequacy require E*TRADE Bank to maintain minimum amounts and ratios of Total and Tier I capital to risk-weighted assets and Tier I capital to adjusted total assets.\nAs shown in the table below, at both December 31, 2011 and 2010, the most recent notification from its regulators categorized E*TRADE Bank as “well capitalized” under the regulatory framework for prompt corrective action.\nHowever, events beyond management’s control, such as a continued deterioration in residential real estate and credit markets, could adversely affect future earnings and E*TRADE Bank’s ability to meet its future capital requirements."}
{"_id": "d8a751dde", "title": "", "text": "| In millions Unpaid Principal Balance Recorded Investment (a) Associated Allowance (b) Average Recorded Investment (c) | December 31, 2014 | Impaired loans with an associated allowance | Commercial | Commercial real estate | Home equity | Residential real estate | Credit card | Other consumer | Total impaired loans with an associated allowance | Impaired loans without an associated allowance | Commercial | Commercial real estate | Home equity | Residential real estate | Total impaired loans without an associated allowance | Total impaired loans | December 31, 2013 | Impaired loans with an associated allowance | Commercial | Commercial real estate | Home equity | Residential real estate | Credit card | Other consumer | Total impaired loans with an associated allowance | Impaired loans without an associated allowance | Commercial | Commercial real estate | Home equity | Residential real estate | Total impaired loans without an associated allowance | Total impaired loans |"}
{"_id": "d8c66156c", "title": "", "text": "| Year ended December 31, (in millions) Revenue(a) Expense(b) Income from continuing operations before income taxes Net income | 2007 | Europe/Middle East and Africa | Asia and Pacific | Latin America and the Caribbean | Other | Total international | Total U.S. | Total | 2006 | Europe/Middle East and Africa | Asia and Pacific | Latin America and the Caribbean | Other | Total international | Total U.S. | Total | 2005 | Europe/Middle East and Africa | Asia and Pacific | Latin America and the Caribbean | Other | Total international | Total U.S. | Total |"}
{"_id": "d871ce4e6", "title": "", "text": "Total rent expense for the years ended December 31, 2017, 2016 and 2015 aggregated $87.2 million, $74.0 million, and $60.1 million, respectively.\nFuture minimum rental commitments under non-cancelable operating leases in effect as of December 31, 2017 were (in millions):"}
{"_id": "d8ce5481e", "title": "", "text": "| Cocoa Futures Contract Prices(dollars per pound) | 2015 | Annual Average | High | Low |"}
{"_id": "d86e2d8b4", "title": "", "text": "| Years Ended December 31, | 2013 | Consolidated | Crude charge (BPD)(1) | Refinery throughput (BPD)(2) | Refinery production (BPD)(3) | Sales of produced refined products (BPD) | Sales of refined products (BPD)(4) | Refinery utilization-5 |"}
{"_id": "d81498844", "title": "", "text": "| Expiration Date Capacity Borrowings Letters of Credit Issued Total Used Available Capacity | (In millions) | Revolving credit facility | Asset-backed credit facility | Committed lines | Uncommitted lines | Total |"}
{"_id": "d8619f9b2", "title": "", "text": "| Year ended December 31, | 2005 | (in millions) | GAAP results: | Revenues | Benefits and expenses | Income from continuing operations before income taxes, extraordinary gain on acquisition and cumulative effect of accountingchange |"}
{"_id": "d8e88e950", "title": "", "text": "| Year Ended December 31, | 2017 | (In $ millions, except percentages) | Income tax provision computed at US federal statutory tax rate | Change in valuation allowance | Equity income and dividends | (Income) expense not resulting in tax impact, net | US tax effect of foreign earnings and dividends | Foreign tax credits | Other foreign tax rate differentials | Legislative changes | State income taxes, net of federal benefit | Other, net | Income tax provision (benefit) | Effective income tax rate |"}
{"_id": "d8bb01c9e", "title": "", "text": "The Company has entered into remarketing agreements with several hardware manufacturers under which we sell computer hardware, hardware maintenance and related services to our customers.\nRevenue related to hardware sales is recognized when the hardware is shipped to our customers.\nHardware revenue decreased due to a decrease in the number of third party hardware systems and components delivered.\nCOST OF SALES AND GROSS PROFIT Cost of license represented the cost of software from third party vendors through remarketing agreements associated with license fee revenue.\nThese costs were recognized when license revenue was recognized.\nCost of support and service represented costs associated with conversion and implementation efforts, ongoing support for our in-house customers, operation of our data and item centers providing services for our outsourced customers, electronic payment services and direct operating costs.\nThese costs were recognized as they were incurred.\nCost of hardware consisted of the direct and indirect costs of purchasing the equipment from the manufacturers and delivery to our customers.\nThese costs were recognized at the same time as the related hardware revenue was recognized.\nOngoing operating costs to provide support to our customers were recognized as they were incurred.\nTable of Contents 124 14.\nOther (Income) Expense, Net Other (income) expense, net, consisted of:"}
{"_id": "d86773c9e", "title": "", "text": "| Year Ended December 31, | 2010 | (millions) | Acquisition, Capital and Exploration Expenditures | Unproved Property Acquisition-1 | Proved Property Acquisition-2 | Exploration | Development | Corporate and Other | Total | Increase in FPSO Lease Obligation-3 |"}
{"_id": "d8ae984b2", "title": "", "text": "exchange contracts for the benefit of commercial customers involved in international trade to hedge their exposure to foreign currency fluctuations.\nThe Bancorp has internal controls in place to help ensure excessive risk is not being taken in providing this service to customers.\nThese controls include an independent determination of currency volatility and credit equivalent exposure on these contracts, counterparty credit approvals and country limits.\nLIQUIDITY RISK MANAGEMENT The goal of liquidity management is to provide adequate funds to meet changes in loan and lease demand, unexpected deposit withdrawals and other contractual obligations.\nA summary of certain obligations and commitments to make future payments under contracts is included in Table 42.\nMitigating liquidity risk is accomplished by maintaining liquid assets in the form of investment securities, maintaining sufficient unused borrowing capacity in the debt markets and delivering consistent growth in core deposits.\nCash flows from estimated loan and lease repayment are included in Table 37.\nThe estimated weightedaverage life of the available-for-sale securities portfolio was 3.2 years at December 31, 2008, based on current prepayment expectations.\nOf the $14.3 billion of securities in the portfolio at December 31, 2008, $5.8 billion in principal and interest is expected to be received in the next 12 months and an additional $2.2 billion is expected to be received in the next 13 to 24 months.\nIn addition to the securities portfolio, asset-driven liquidity is provided by the Bancorps ability to sell or securitize loan and lease assets.\nIn order to reduce the exposure to interest rate fluctuations and to manage liquidity, the Bancorp has developed securitization and sale procedures for several types of interestsensitive assets.\nA majority of the long-term, fixed-rate singlefamily residential mortgage loans underwritten according to FHLMC or FNMA guidelines are sold for cash upon origination.\nAdditional assets such as jumbo fixed-rate residential mortgages, certain commercial loans, home equity loans, automobile loans and other consumer loans are also capable of being securitized or sold.\nFor the year ended December 31, 2008 and 2007, loans totaling $15.7 billion and $12.2 billion, respectively, were securitized or sold.\nCore deposits have historically provided the Bancorp with a sizeable source of relatively stable and low cost funds.\nThe Bancorps average core deposits and shareholders equity funded 65% of its average total assets during 2008.\nIn addition to core deposit funding, the Bancorp also accesses a variety of other short-term and long-term funding sources, which include the use of various regional Federal Home Loan Banks as a funding source.\nCertificates carrying a balance of $100,000 or more and deposits in the Bancorps foreign branch located in the Cayman Islands are wholesale funding tools utilized to fund asset growth.\nManagement does not rely on any one source of liquidity and manages availability in response to changing balance sheet needs.\nThe Bancorp has a shelf registration in place with the SEC permitting ready access to the public debt markets and qualifies as a well-known seasoned issuer under SEC rules.\nAs of December 31, 2008, $4.4 billion of debt or other securities were available for issuance from this shelf registration under the current Bancorps Board of Directors authorizations, however, due to current market disruptions, access to these markets may not be readily available.\nThe Bancorp also has $16.2 billion of funding available for issuance through private offerings of debt securities pursuant to its bank note program and currently has approximately $17.9 billion of borrowing capacity available through secured borrowing sources including the Federal Home Loan Banks and Federal Reserve Banks.\nThe Bancorp has approximately $1.3 billion of unsecured long-term debt and $2.8 billion of total long-term debt that will mature during 2009.\nThe Bancorps senior debt ratings as of February 23, 2009 are summarized in Table 39, which indicate the Bancorps strong capacity to meet financial commitments.\n* Additional information on senior debt credit ratings is as follows: ?\nMoodys A2 rating is considered upper-medium-grade obligations and is the third highest ranking within its overall classification system; ?\nStandard & Poors A- rating indicates the obligors capacity to meet its financial commitment is STRONG and is the third highest ranking within its overall classification system; ?\nFitch Ratings A rating is considered high credit quality and is the third highest ranking within its overall classification system; and ?\nDBRS Ltd. s AAL rating is considered superior credit quality and is the second highest ranking within its overall classification system.\n* As an investor, you should be aware that a security rating is not a recommendation to buy, sell or hold securities, that it may be subject to revision or withdrawal at any time by the assigning rating organization and that each rating should be evaluated independently of any other rating."}
{"_id": "d82080652", "title": "", "text": "| (In millions) Capital Lease Obligations (a) Operating Lease Obligations | 2010 | 2011 | 2012 | 2013 | 2014 | Later years | Sublease rentals | Total minimum lease payments | Less imputed interest costs | Present value of net minimum lease payments |"}
{"_id": "d875670c6", "title": "", "text": "| December 31, | 2007 | (in millions) | Cash | Cash equivalents: | Federal government obligations | Other debt securities | Total cash and cash equivalents | Short-term investments: | State and local government obligations | Other debt securities | Total short-term investments |"}
{"_id": "d864b4e9a", "title": "", "text": "| December 31,(in millions) 2010 2009 | Mortgages – commercial | Mortgages – residential(a) | Life insurance policy loans | Collateral, guaranteed, and other commercial loans | Total mortgage and other loans receivable | Allowance for losses(b) | Mortgage and other loans receivable, net |"}
{"_id": "d88f4ef02", "title": "", "text": "| In millions Level 1 Level 2 Level 3 Carrying value | Cash equivalents | Investments | Derivative receivables | Total assets at fair value | Derivative payables | Total liabilities at fair value |"}
{"_id": "d812ed3be", "title": "", "text": "Stock Performance Graph The following graph compares the most recent five-year performance of Alcoa’s common stock with (1) the Standard & Poor’s 500?\nIndex and (2) the Standard & Poor’s 500?\nMaterials Index, a group of 27 companies categorized by Standard & Poor’s as active in the “materials” market sector.\nSuch information shall not be deemed to be “filed.\n”"}
{"_id": "d89b8a2bc", "title": "", "text": "Discontinued Operations In the first quarter of fiscal 2013 we completed the sale of our Intuit Websites business for approximately $60 million in cash and recorded a gain on disposal of approximately $32 million, net of income taxes.\nWe completed the sale of our Intuit Financial Services business in the first quarter of fiscal 2014 for approximately $1.025 billion in cash and recorded a gain on disposal of approximately $36 million, net of income taxes.\nIn the first quarter of fiscal 2014 we also completed the sale of our Intuit Health business for cash consideration that was not significant and recorded a $4 million pre-tax loss on disposal that was more than offset by a related income tax benefit of approximately $14 million, resulting in a net gain on disposal of approximately $10 million.\nWe have reclassified our statements of operations for all periods presented to reflect these three businesses as discontinued operations.\nSee Note 7 to the financial statements in Item 8 of this Annual Report for a more complete description of these discontinued operations and the impact that they have had on our statements of operations for the fiscal periods presented."}
{"_id": "d8e16fee4", "title": "", "text": "| Years Ended March 31, Change | (Dollars in millions) | Segment Operating Profit-1 | Distribution Solutions-2 | Technology Solutions | Subtotal | Corporate Expenses, Net | Litigation Credit, Net | Interest Expense | Income from Continuing Operations Before Income Taxes | Segment Operating Profit Margin | Distribution Solutions | Technology Solutions |"}
{"_id": "d82699f70", "title": "", "text": "| Effective Expiration Maximum Available As of  December 31, Outstanding As of  December 31, | Description | Commercial Paper | The Hartford | Revolving Credit Facility | 5-year revolving credit facility [1] | Total Commercial Paper and RevolvingCredit Facility |"}
{"_id": "d8b414986", "title": "", "text": "NONOPERATING INCOME (EXPENSE) The Company received $138 million of cash proceeds and recorded $22 million in short-term other receivables from the sale of certain marketable equity securities during 2017.\nThe Company recorded a pretax gain related to this sale of $73 million ($46 million after-tax or $0.06 per diluted share).\nDuring 2016, the Company received cash proceeds of $265 million from the sale of certain marketable equity securities and recorded a pretax gain related to this sale of $223 million ($140 million after-tax or $0.20 per diluted share).\nDuring 2016, the Company also paid $188 million of make-whole premiums associated with the early extinguishment of the Redeemed Notes.\nThe Company recorded a loss on extinguishment of these borrowings, net of certain deferred gains, of $179 million ($112 million after-tax or $0.16 per diluted share).\nDuring 2015, the Company received cash proceeds of $43 million from the sale of certain marketable equity securities and recorded a pretax gain related to these sales of $12 million ($8 million after-tax or $0.01 per diluted share).\nINTEREST COSTS Interest expense of $163 million for 2017 was $22 million lower than in 2016, due primarily to the decrease in interest costs as a result of the early extinguishment of certain outstanding borrowings in the third quarter of 2016 using the proceeds from the Fortive Distribution and due to lower commercial paper borrowings in 2017 compared to 2016, partially offset by the cost of"}
{"_id": "d8a95feb4", "title": "", "text": "| 30 September 2018 30 September 2017 | US$Notional | Interest rate swaps (fair value hedge) | Cross currency interest rate swaps (net investment hedge) | Cross currency interest rate swaps (cash flow hedge) | Cross currency interest rate swaps (not designated) |"}
{"_id": "d8f4e0f96", "title": "", "text": "| Operating rental properties $602,011 | Undeveloped land | Total real estate investments | Other assets | Lease related intangible assets | Goodwill | Total assets acquired | Debt assumed | Other liabilities assumed | Purchase price, net of assumed liabilities |"}
{"_id": "d8bb12a4e", "title": "", "text": "Cash Flow Hedges Beginning in the third quarter of 2013, the firm designated certain commodities-related swap and forward contracts as cash flow hedges.\nThese swap and forward contracts hedge the firms exposure to the variability in cash flows associated with the forecasted sales of certain energy commodities by one of the firms consolidated investments.\nThe firm applies a statistical method that utilizes regression analysis when assessing hedge effectiveness.\nA cash flow hedge is considered highly effective in offsetting changes in forecasted cash flows attributable to the hedged risk when the regression analysis results in a coefficient of determination of 80% or greater and a slope between 80% and 125%.\nFor qualifying cash flow hedges, the gains or losses on derivatives, to the extent effective, are included in Cash flow hedges within the consolidated statements of comprehensive income.\nGains or losses resulting from hedge ineffectiveness are included in Other principal transactions in the consolidated statements of earnings.\nThe effective portion of the gains, before taxes, recognized on these cash flow hedges was $14 million for 2013.\nThe gain/(loss) related to hedge ineffectiveness was not material for 2013.\nThere were no gains/(losses) excluded from the assessment of hedge effectiveness or reclassified to earnings from accumulated other comprehensive income during 2013.\nThe amounts recorded in Cash flow hedges will be reclassified to Other principal transactions in the same periods as the corresponding gain or loss on the sale of the hedged energy commodities, which is also recorded in Other principal transactions.\n The firm expects to reclassify $5 million of gains, net of taxes, related to cash flow hedges from Cash flow hedges to earnings within the next twelve months.\nThe length of time over which the firm is hedging its exposure to the variability in future cash flows for forecasted transactions is approximately two years."}
{"_id": "d81d04de8", "title": "", "text": "| Stock Options 2014 2013 2012 | Options granted (in thousands) | Weighted-average exercise price | Weighted-average grant-date fair value | Assumptions: | Weighted-average expected volatility | Weighted-average expected term (in years) | Weighted-average risk-free interest rate | Weighted-average expected dividend yield |"}
{"_id": "d8d6e5b72", "title": "", "text": "| Year Ended | September 30, 2007 | ($ in 000's) | Interest Income and Expense | Interest Income | Interest Expense | Net Interest Income | Expenses | Pre-tax Earnings |"}
{"_id": "d8a362624", "title": "", "text": "(1) In addition to the items in the table above, “Realized investment gains (losses), net, and related charges and adjustments” also includes an adjustment to reflect “Realized investment gains (losses), net” related to divested businesses as results of “Divested businesses,” discussed below.\nTerminated Hedges of Foreign Currency Earnings.\nThe amounts shown in the table above primarily reflect the impact of an intercompany arrangement between Corporate and Other operations and the International Insurance segment, pursuant to which the\nGibraltar Life sells fixed annuities, denominated in U. S.  and Australian dollars that may be subject to increased surrenders should the yen depreciate in relation to these currencies and interest rates in Australia and the U. S.  decline relative to Japan.\nA significant portion of the liabilities associated with these contracts include a market value adjustment feature, which mitigates the profitability impact from surrenders.\nAs of December 31, 2016, products with a market value adjustment feature represented $23.3 billion of our Japan operations’ insurance-related liabilities, which included $19.1 billion attributable to non-yen denominated fixed annuities.\nLiquid Assets Liquid assets include cash and cash equivalents, short-term investments, U. S.  Treasury fixed maturities, fixed maturities that are not designated as held-to-maturity and public equity securities.\nIn addition to access to substantial investment portfolios, our insurance companies’ liquidity is managed through access to a variety of instruments available for funding and/or managing cash flow mismatches, including from time to time those arising from claim levels in excess of projections.\nOur ability to utilize assets and liquidity between our subsidiaries is limited by regulatory and other constraints.\nWe believe that ongoing operations and the liquidity profile of our assets provide sufficient liquidity under reasonably foreseeable stress scenarios for each of our insurance subsidiaries.\nThe following table sets forth the fair value of certain of our domestic insurance operations’ portfolio of liquid assets, including cash and short-term investments, fixed maturity investments other than those designated as held-to-maturity, classified by NAIC or equivalent rating, and public equity securities, as of the dates indicated."}
{"_id": "d8ae98598", "title": "", "text": "Commercial loans held for investment During 2013 and 2012, the Bancorp recorded nonrecurring impairment adjustments to certain commercial and industrial, commercial mortgage and commercial construction loans held for investment.\nLarger commercial loans included within aggregate borrower relationship balances exceeding $1 million that exhibit probable or observed credit weaknesses are subject to individual review for impairment.\nThe Bancorp considers the current value of collateral, credit quality of any guarantees, the guarantors liquidity and willingness to cooperate, the loan structure and other factors when evaluating whether an individual loan is impaired.\nWhen the loan is collateral dependent, the fair value of the loan is generally based on the fair value of the underlying collateral supporting the loan and therefore these loans were classified within Level 3 of the valuation hierarchy.\nIn cases where the carrying value exceeds the fair value, an impairment loss is recognized.\nAn adverse change in the fair value of the underlying collateral would result in a decrease in the fair value measurement.\nThe fair values and recognized impairment losses are reflected in the previous table.\nCommercial Credit Risk, which reports to the Chief Risk and Credit Officer, is responsible for preparing and reviewing the fair value estimates for commercial loans held for investment."}
{"_id": "d87914124", "title": "", "text": "Economic Hedges The Companies enter into certain derivative instruments that do not qualify or are not designated as hedges under the accounting rules for derivatives and hedging.\nHowever, management believes these instruments represent economic hedges that mitigate exposure to fluctuations in commodity prices.\nfacilities, were $3,735 million and $3,455 million at December 31, 2012 and 2011, respectively.\nNatural gas is delivered by pipeline to CECONY at various points in its service territory and is distributed to customers by the company through an estimated 4,360 miles of main and 387,881 service lines.\nThe company owns a natural gas liquefaction facility and storage tank at its Astoria property in Queens, New York.\nThe plant can store approximately 1,000 mdths of which a maximum of about 250 mdths can be withdrawn per day.\nThe company has about 1,226 mdths of additional natural gas storage capacity at a field in upstate CECONYs gas sales and deliveries for the last five years were: New York, owned and operated by Honeoye Storage Corporation, a corporation 28.8 percent owned by CECONY and 71.2 percent owned by Con Edison Development.\nGas Sales and Deliveries The company generally recovers the cost of the gas that it buys and then sells to its firm sales customers.\nIt does not make any margin or profit on the gas it sells.\nCECONYs gas revenues are subject to a weather normalization clause and a revenue decoupling mechanism.\nAs a result, its gas delivery revenues are generally not affected by changes in delivery volumes from levels assumed when rates were approved."}
{"_id": "d88995976", "title": "", "text": "| In millions Residential Mortgages Commercial Mortgages (a) Home Equity Loans/Lines (b) | FINANCIAL INFORMATION – December 31, 2012 | Servicing portfolio (c) | Carrying value of servicing assets (d) | Servicing advances (e) | Repurchase and recourse obligations (f) | Carrying value of mortgage-backed securities held (g) | FINANCIAL INFORMATION – December 31, 2011 | Servicing portfolio (c) | Carrying value of servicing assets (d) | Servicing advances (e) | Repurchase and recourse obligations (f) | Carrying value of mortgage-backed securities held (g) | In millions | CASH FLOWS – Year ended December 31, 2012 | Sales of loans (h) | Repurchases of previously transferred loans (i) | Servicing fees (j) | Servicing advances recovered/(funded), net | Cash flows on mortgage-backed securities held (g) | CASH FLOWS – Year ended December 31, 2011 | Sales of loans (h) | Repurchases of previously transferred loans (i) | Servicing fees (j) | Servicing advances recovered/(funded), net | Cash flows on mortgage-backed securities held (g) |"}
{"_id": "d886f7ea8", "title": "", "text": "Earnings for the first quarter of 2007 are expected to be lower than in the fourth quarter of 2006.\nContainerboard export sales volumes are expected to decline due to scheduled first-quarter maintenance outages.\nSales volumes for U. S.  converted products will be higher due to more shipping days, but expected softer demand should cause the shipments per day to decrease.\nAverage sales price realizations are expected to be comparable to fourthquarter averages.\nAn additional containerboard price increase was announced in January that is expected to be fully realized in the second quarter.\nCosts for wood, energy, starch, adhesives and freight are expected to increase.\nManufacturing costs will be higher due to costs associated with scheduled maintenance outages in the containerboard mills.\nEuropean Container operating results are expected to improve as seasonally higher sales volumes and improved margins more than offset slightly higher manufacturing costs.\nConsumer Packaging Demand and pricing for Consumer Packaging products correlate closely with consumer spending and general economic activity.\nIn addition to prices and volumes, major factors affecting the profitability of Consumer Packaging are raw material and energy costs, manufacturing efficiency and product mix.\nCONSUMER PACKAGING net sales increased 9% compared with 2005 and 7% compared with 2004.\nOperating profits rose 8% from 2005, but declined 15% from 2004 levels.\nCompared with 2005, higher sales volumes ($9 million), improved average sales price realizations ($33 million), reduced lack-of-order downtime ($18 million), and favorable mill operations ($25 million) were partially offset by higher raw material costs ($19 million) and freight costs ($21 million), unfavorable mix ($14 million) and other costs ($21 million)."}
{"_id": "d8e5d26e4", "title": "", "text": "ÿþWe conduct our business primarily through one reportable segment, our Regulated Businesses segment.\n We  also operate businesses that provide a broad range of related and complementary water and wastewater services  in non-regulated markets, which includes four operating segments that individually do not meet the criteria of a  reportable segment.\n These four non-reportable segments have been combined and are presented as Market-Based  Businesses, which is consistent with how management assesses the results of our businesses.\n  Regulated Businesses Segment  The following table summarizes certain financial information for our Regulated Businesses segment:  @T@  Operating revenues.\n The following tables and discussions provide explanation of the variances related to the  three components of operating revenues  water revenues, wastewater revenues and other revenues:  @T@  For the Years Ended December 31,  @T@  (a) The correlation between water service revenues and billed water sales volumes shown above is impacted by the California drough.\n  California is experiencing a severe drought and in April 2015, the Governor mandated water usage restrictions to reduce overall water  usage by 25% in the state compared to 2013 levels.\n Our California customers are largely meeting these conservation targets.\n Revenue in  California is decoupled from sales volume, aligning our water conservation goals with those of the state and our customers and therefore  these usage reductions do not impact earnings.\n  In 2015, water revenues in  California is  decoupled from sales volume, a"}
{"_id": "d8f5af404", "title": "", "text": "| Years Ended December 31, 2013 2012 2011 | Gross | Survival ratios: | Asbestos | Environmental | Combined |"}
{"_id": "d88682838", "title": "", "text": "| Payments Due by Period | Total | (Thousands of Dollars) | Long-term debt, principal and interest payments | Capital lease obligations | Operating leases(a) | Unconditional purchase obligations(b) | Other long-term obligations — WYCO investment | Other long-term obligations | Payments to vendors in process | Short-term debt | Total contractual cash obligations(c) |"}
{"_id": "d829d9b5e", "title": "", "text": "Because of the interrelation of Applied’s operations, properties within a country may be shared by the segments operating within that country.\nProducts in the Silicon Systems Group are manufactured in Austin, Texas; Singapore; Gloucester, Massachusetts; and Rehovot, Israel.\nRemanufactured equipment products in the Applied Global Services segment are produced primarily in Austin, Texas.\nProducts in the Display segment are manufactured in Tainan, Taiwan; Santa Clara, California; and Alzenau, Germany.\nProducts in the Energy and Environmental Solutions segment are primarily manufactured in Alzenau, Germany; Treviso, Italy; and Cheseaux, Switzerland.\nIn addition to the above properties, Applied also owns and leases offices, plants and/or warehouse locations in 78 locations throughout the world: 18 in Europe, 21 in Japan, 15 in North America (principally the United States), 8 in China, 7 in Korea, 6 in Southeast Asia, and 3 in Taiwan.\nThese facilities are principally used for manufacturing; research, development and engineering; and marketing, sales and/or customer support.\nApplied also owns a total of approximately 139 acres of buildable land in Texas, California, Israel and Italy that could accommodate additional building space.\nApplied considers the properties that it owns or leases as adequate to meet its current and future requirements.\nApplied regularly assesses the size, capability and location of its global infrastructure and periodically makes adjustments based on these assessments.\nFiscal 2013 operating results reflected a recovery in demand for TV manufacturing equipment and continued demand for advanced mobile display equipment, which resulted in increased new orders, net sales, operating income and non-GAAPadjusted operating income compared to fiscal 2012.\nIn the fourth quarter of fiscal 2013, new orders were $114 million, down 55 percent from the prior quarter, and reflected customer push-outs of orders.\nNet sales in the fourth quarter of fiscal 2013 were $163 million, almost flat compared to the prior quarter.\nTwo customers accounted for approximately 50 percent of net sales for the Display segment in fiscal 2013.\nFiscal 2012 operating results reflected a continued overcapacity in the large substrate LCD TV equipment industry that resulted in decreased new orders and net sales in fiscal 2012.\nThe downturn in the LCD TV equipment industry was partially offset by increased demand for advanced mobile display equipment.\nFour customers accounted for 60 percent of net sales for the Display segment in fiscal 2012."}
{"_id": "d8e5e57b2", "title": "", "text": "| Millions of Dollars OperatingLeases Capital Leases | 2010 | 2011 | 2012 | 2013 | 2014 | Later years | Total minimum lease payments | Amount representing interest | Present value of minimum lease payments |"}
{"_id": "d87a144b6", "title": "", "text": "| Cocoa Futures Contract Prices  (dollars perpound) | 2008 | Annual Average | High | Low |"}
{"_id": "d8a9b524c", "title": "", "text": "| 2010 | Allowance for loan and lease losses, January 1 | Loans and leases charged off | Recoveries of loans and leases previously charged off | Net charge-offs | Provision for loan and lease losses | Other | Allowance for loan and lease losses, December 31 | Reserve for unfunded lending commitments, January 1 | Provision for unfunded lending commitments | Other | Reserve for unfunded lending commitments, December 31 | Allowance for credit losses, December 31 | December 31 | (Dollars in millions) | By counterparty-1, 2 | GSEs-3 | Monolines | Whole-loan investors, private-label securitization trustees, third-party securitization sponsors and other | Total unresolved repurchase claims by counterparty-3 | By product type-1, 2 | Prime loans | Alt-A | Home equity | Pay option | Subprime | Other | Total unresolved repurchase claims by product type-3 |"}
{"_id": "d8953275c", "title": "", "text": "| September 30, | 2004 | Wireless licenses | Marketing-related | Technology-based | Customer-related | Other | Total intangible assets | 2002 | Reported net income | Goodwill amortization | Adjusted net income | Earnings per common share: | Basic — as reported | Basic — as adjusted | Diluted — as reported | Diluted — as adjusted | September 30, | 2004 | Gross | Carrying | Amount | Wireless licenses | Marketing-related | Technology-based | Customer-related | Other | Total intangible assets |"}
{"_id": "d8f790a02", "title": "", "text": "| Pension Benefits Postretirement Benefits | 2008 | (In millions) | Retirement plan expense | Defined benefit plans: | Service cost (benefits earned during the period) | Interest cost | Expected return on plan assets | Curtailment | Amortization of actuarial loss | Other amortization | Net periodic defined benefit plan expense | Defined contribution plans | Total retirement plan expense |"}
{"_id": "d87ec1c16", "title": "", "text": "| Power Plant Market In Service Year Acquired Location Capacity - Reactor Type License Expiration Date | Pilgrim (a) | Indian Point 3 (b) | Indian Point 2 (b) | Vermont Yankee (c) | Palisades (d) |"}
{"_id": "d85f42e26", "title": "", "text": "Earnings From Operations Earnings from operations for 2012 increased by $1,216 million compared with 2011.\nThis was primarily due to higher new airplane deliveries, which drove an increase in earnings of $1,292 million, and lower research and development expense of $666 million primarily due to lower spending on the 747-8 and 787-8 programs.\nThese increases were partially offset by lower earnings of $742 million driven by higher fleet support costs, increased operating costs associated with business growth, other period costs and decreased earnings from commercial aviation services.\nThe decrease in operating margins from 9.7% in 2011 to 9.6% in 2012 was primarily due to the dilutive effect of the 787 and 747-8 deliveries.\nEarnings from operations for 2011 increased by $489 million compared with 2010.\nThis increase reflects earnings of $376 million from higher revenues on new airplane deliveries, $180 million of higher earnings due to commercial aviation services volume and margins and $261 million of lower research and development expense, partially offset by increases of $328 million reflecting higher fleet support costs and other costs associated with business growth."}
{"_id": "d8e350e8e", "title": "", "text": "Distributions 2012 annual sales decreased 9% from 2011, and decreased 10% from 2010.\nOperating profits in 2012 were $22 million ($71 million excluding reorganization costs) compared with $34 million ($86 million excluding reorganization costs) in 2011 and $78 million in 2010.\nAnnual sales of printing papers and graphic arts supplies and equipment totaled $3.5 billion in 2012 compared with $4.0 billion in 2011 and $4.2 billion in 2010, reflecting declining demand and the exiting of unprofitable businesses.\nTrade margins as a percent of sales for printing papers were relatively even with both 2011 and 2010.\nRevenue from packaging products was flat at $1.6 billion in both 2012 and 2011 and up slightly compared to $1.5 billion in 2010.\nPackaging margins increased in 2012 from both 2011 and 2010, reflecting the successful execution of strategic sourcing initiatives.\nFacility supplies annual revenue was $0.9 billion in 2012, down compared to $1.0 billion in 2011 and 2010.\nOperating profits in 2012 included $49 million of reorganization costs for severance, professional services and asset write-downs compared with $52"}
{"_id": "d81635922", "title": "", "text": "AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) 3.00% Convertible Notes—During the years ended December 31, 2008 and 2007, the Company issued an aggregate of approximately 8.9 million and 973 shares of Common Stock, respectively, upon conversion of $182.8 million and $0.02 million principal amount, respectively, of 3.00% Notes.\nPursuant to the terms of the indenture, holders of the 3.00% Notes are entitled to receive 48.7805 shares of Common Stock for every $1,000 principal amount of notes converted.\nIn connection with the conversions in 2008, the Company paid such holders an aggregate of approximately $4.7 million, calculated based on the discounted value of the future interest payments on the notes, which is reflected in loss on retirement of long-term obligations in the accompanying consolidated statement of operations for the year ended December 31, 2008.14.\nIMPAIRMENTS, NET LOSS ON SALE OF LONG-LIVED ASSETS, RESTRUCTURING AND MERGER RELATED EXPENSE The significant components reflected in impairments, net loss on sale of long-lived assets, restructuring and merger related expense in the accompanying consolidated statements of operations include the following: Impairments and Net Loss on Sale of Long-Lived Assets—During the years ended December 31, 2008, 2007 and 2006, the Company recorded impairments and net loss on sale of long-lived assets (primarily related to its rental and management segment) of $11.2 million, $9.2 million and $2.6 million, respectively.\nDuring the years ended December 31, 2008, 2007 and 2006 respectively, the Company recorded net losses associated with the sales of certain non-core towers and other assets, as well as impairment charges to write-down certain assets to net realizable value after an indicator of impairment had been identified.\nAs a result, the Company recorded net losses and impairments of approximately $10.5 million, $7.1 million and $2.0 million for the years ended December 31, 2008, 2007 and 2006, respectively.\nThe net loss for the year ended December 31, 2008 is comprised of net losses from asset sales and other impairments of $10.7 million, offset by gains from asset sales of $0.2 million.\nThe net loss for the year ended December 31, 2007 is comprised of net losses from asset sales and other impairments of $7.8 million, offset by gains from asset sales of $0.7 million.\nMerger Related Expense—During the year ended December 31, 2005, the Company assumed certain obligations, as a result of the merger with SpectraSite, Inc. , primarily related to employee separation costs of former SpectraSite employees.\nSeverance payments made to former SpectraSite, Inc.  employees were subject to plans and agreements established by SpectraSite, Inc.  and assumed by the Company in connection with the merger.\nThese costs were recognized as an assumed liability in the purchase price allocation.\nIn addition, the Company also incurred certain merger related costs for additional employee retention and separation costs incurred during the year ended December 31, 2006."}
{"_id": "d88d15ea2", "title": "", "text": "| Year Ended December 31, | 2009 | Steam Sold (MMlbs) | General | Apartment house | Annual power | Total Steam Delivered to CECONY Customers | Steam Sold ($ in millions) | General | Apartment house | Annual power | Other operating revenues | Total Steam Delivered to CECONY Customers | Average Revenue per Mlb Sold |"}
{"_id": "d8dbe596a", "title": "", "text": "value, which may be maturity, the Company does not consider these investments to be other-than-temporarily impaired as of December 31, 2005 and 2004.\nGross realized gains and losses for 2005 were $15,000 and $75,000, respectively.\nGross realized gains and losses for 2004 were $628,000 and $205,000, respectively.\nGross realized gains for 2003 were $1,249,000.\nThere were no gross realized losses for 2003.\nMaturities stated are effective maturities.\nF.  Restricted Cash At December 31, 2005 and 2004, the Company held $41,482,000 and $49,847,000, respectively, in restricted cash.\nAt December 31, 2005 and 2004 the balance was held in deposit with certain banks predominantly to collateralize conditional stand-by letters of credit in the names of the Company's landlords pursuant to certain operating lease agreements.\nG.  Property and Equipment Property and equipment consist of the following at December 31 (in thousands):"}
{"_id": "d898eefda", "title": "", "text": "| 2010 2009 2008 | Second generation tenant improvements | Second generation leasing costs | Building improvements | Totals |"}
{"_id": "d85f61fd8", "title": "", "text": "HEWLETT-PACKARD COMPANY AND SUBSIDIARIES Managements Discussion and Analysis of Financial Condition and Results of Operations (Continued) declines in short-term project work combined with an unfavorable currency impact, the effect of which was partially offset by increases in sales of cloud and information management and analytics offerings.\nES earnings from operations as a percentage of net revenue decreased by 3.4 percentage points in fiscal 2012.\nThe decrease was due primarily to a gross margin decline driven by lower than expected revenue, contractual rate declines on ongoing contracts, a lower resource utilization rate and additional costs associated with certain contract deliverable delays.\nThese effects were partially offset by a continued focus on operating improvements and cost initiatives that favorably impacted the cost structure of all business units.\nSoftware"}
{"_id": "d8c1c8cf8", "title": "", "text": "| Con Edison* Con Edison of New York O&R Competitive Businesses and Other** | (Millions of Dollars) | Operating revenues | Purchased power | Fuel | Gas purchased for resale | Operating revenues less purchased power, fuel and gas purchased for resale (net revenues) | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Income taxes | Operating income | Other income less deductions and related federal income tax | Net interest charges | Income from continuing operations | Discontinued operations | Net income |"}
{"_id": "d8a348f80", "title": "", "text": "| Year Ended December 31 | 2009 | (In thousands) | Principal and interest payments on retained securities | Servicing fees received |"}
{"_id": "d8b6ddadc", "title": "", "text": "| 2014 Impairment Test 2013 Impairment Test | Reporting Unit | A | B | C | D | E | F | G | 2014 Impairment Test | Reporting Unit | Low | A | B | C | D | E | F | G |"}
{"_id": "d8b78e7ba", "title": "", "text": "| (Millions) 2007 2006 2005 | Cash income tax payments | Cash interest payments | Capitalized interest |"}
{"_id": "d8a71df5c", "title": "", "text": "| DECEMBER 31, 2008 DECEMBER 30, 2007 | Balance at beginning of year | Additions based on tax positions related to current year | Additions for tax positions of prior years | Reductions for tax positions of prior years | Foreign currency translation | Settlements | Lapse of statute | Balance at end of year |"}
{"_id": "d8a606934", "title": "", "text": "| In billions of dollars Dec. 31, 2016 Sept. 30, 2016 Dec. 31, 2015 | Global Consumer Banking | North America | Latin America | Asia-1 | Total | Institutional Clients Group | Corporate lending | Treasury and trade solutions (TTS) | Private bank,Markets and securities servicesand other | Total | Total Citicorp | Total Citi Holdings | Total Citigroup loans (EOP) | Total Citigroup loans (AVG) |"}
{"_id": "d8b838094", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements ° Commodity prices and spreads.\nThe ranges for commodity prices and spreads cover variability in products, maturities and delivery locations.\nSensitivity of Fair Value Measurement to Changes in Significant Unobservable Inputs The following is a description of the directional sensitivity of the firms level 3 fair value measurements to changes in significant unobservable inputs, in isolation: ° Correlation.\nIn general, for contracts where the holder benefits from the convergence of the underlying asset or index prices (e. g. , interest rates, credit spreads, foreign exchange rates, inflation rates and equity prices), an increase in correlation results in a higher fair value measurement.\n° Volatility.\nIn general, for purchased options, an increase in volatility results in a higher fair value measurement.\n° Credit spreads, upfront credit points and recovery rates.\nIn general, the fair value of purchased credit protection increases as credit spreads or upfront credit points increase or recovery rates decrease.\nCredit spreads, upfront credit points and recovery rates are strongly related to distinctive risk factors of the underlying reference obligations, which include reference entityspecific factors such as leverage, volatility and industry, market-based risk factors, such as borrowing costs or liquidity of the underlying reference obligation, and macroeconomic conditions.\n° Commodity prices and spreads.\nIn general, for contracts where the holder is receiving a commodity, an increase in the spread (price difference from a benchmark index due to differences in quality or delivery location) or price results in a higher fair value measurement.\nDue to the distinctive nature of each of the firms level 3 derivatives, the interrelationship of inputs is not necessarily uniform within each product type."}
{"_id": "d8e33b016", "title": "", "text": "(1) Includes exposure to Alt-a mortgage loans with an amortized cost of $59.6 million, gross unrealized losses of $18.2 million and a carrying amount of $41.4 million.\nThe Alt-a portfolio has a weighted average rating of BBB and 66% are 2005 and prior vintages.\n(2) This exposure is all related to sub-prime mortgage loans.\n(3) Includes exposure to sub-prime mortgage loans with an amortized cost of $27.4 million, gross unrealized gains of $0.3 million, gross unrealized losses of $17.9 million and a carrying amount of $9.8 million.\nOf the $1,445.5 million in gross unrealized losses as of December 31, 2010, there were $1.8 million in losses attributed to securities scheduled to mature in one year or less, $50.5 million attributed to securities scheduled to mature between one to five years, $86.0 million attributed to securities scheduled to mature between five to ten years, $386.9 million attributed to securities scheduled to mature after ten years and $920.3 million related to mortgage-backed and other ABS that are not classified by maturity year.\nAs of December 31, 2010, we were in a $695.8 million net unrealized gain position as compared to a $1,458.8 million net unrealized loss position as of December 31, 2009.\nOf the $2,154.6 million increase in net unrealized gains for the year ended December 31, 2010, an approximate $1.0 billion net unrealized gain can be attributed to an approximate 57 basis points decrease in interest rates and the remaining net unrealized gains related to other market factors.\nCredit Disruption.\nThe credit disruption in the market that began in the last half of 2007 from concerns in the sub-prime markets, and continued into 2008 and 2009 with concerns in the leveraged finance markets led to reduced liquidity and wider credit spreads.\nThese credit concerns led to widespread forced selling into a very thinly traded market, which further strained market liquidity.\nThis market disruption lowered valuations and, as a result, we saw an increase in net unrealized losses in our securities portfolio through the first quarter of 2009.\nThe losses were more pronounced in the Finance sectors and in structured products such as collateralized debt obligations, ABS and CMBS.\nThe decline in value in large part reflected the illiquid markets.\nWe concluded the prices of the securities in our securities portfolio were temporarily depressed due to (1) the issuers’ continued satisfaction of the securities’ obligations in accordance with their contractual terms, (2) the expectation the issuers will continue to satisfy their obligations given the evaluation of the fundamentals of the issuers’ financial condition and other objective evidence and (3) management not having the intent to sell these securities and as it is not more likely than not that we would be required to sell these securities before the"}
{"_id": "d89794004", "title": "", "text": "OtherIn addition to the proceedings or other matters described above, PNC and persons to whom we may have indemnification obligations, in the normal course of business, are subject to various other pending and threatened legal proceedings in which claims for monetary damages and other relief are asserted.\nWe do not anticipate, at the present time, that the ultimate aggregate liability, if any, arising out of such other legal proceedings will have a material adverse effect on our financial position.\nHowever, we cannot now determine whether or not any claims asserted against us or others to whom we may have indemnification obligations, whether in the proceedings or other matters described above or otherwise, will have a material adverse effect on our results of operations in any future reporting period, which will depend on, among other things, the amount of the loss resulting from the claim and the amount of income otherwise reported for the reporting period.\nNOTE 20 COMMITMENTSIn the normal course of business, we have various commitments outstanding, certain of which are not included on our Consolidated Balance Sheet.\nThe following table presents our outstanding commitments to extend credit along with significant other commitments as of December 31, 2017 and December 31, 2016, respectively.\nTable 98: Commitments to Extend Credit and Other Commitments\n(a) Net outstanding standby letters of credit include $3.5 billion and $3.9 billion at December 31, 2017 and December 31, 2016, respectively, which support remarketing programs.\n(b) Represents aggregate maximum exposure up to the specified limits of the reinsurance contracts provided by our wholly-owned captive insurance subsidiary.\nThese amounts reflect estimates based on availability of financial information from insurance carriers.\nAs of December 31, 2017, the aggregate maximum exposure amount comprised $1.5 billion for accidental death & dismemberment contracts and $.2 billion for credit life, accident & health contracts.\nComparable amounts at December 31, 2016 were $1.5 billion and $.3 billion, respectively.\n(c) We enter into standby bond purchase agreements to support municipal bond obligations.\n(d) Includes $.5 billion related to investments in qualified affordable housing projects at both December 31, 2017 and December 31, 2016.\nCommitments to Extend CreditCommitments to extend credit, or net unfunded loan commitments, represent arrangements to lend funds or provide liquidity subject to specified contractual conditions.\nThese commitments generally have fixed expiration dates, may require payment of a fee, and contain termination clauses in the event the customers credit quality deteriorates.\nNet Outstanding Standby Letters of CreditWe issue standby letters of credit and share in the risk of standby letters of credit issued by other financial institutions, in each case to support obligations of our customers to third parties, such as insurance requirements and the facilitation of transactions involving capital markets product execution.\nApproximately 91% and 94% of our net outstanding standby letters of credit were rated as Pass as of December 31, 2017 and December 31, 2016, respectively, with the remainder rated as Below Pass.\nAn internal credit rating of Pass indicates the expected risk of loss is currently low, while a rating of Below Pass indicates a higher degree of risk.\nIf the customer fails to meet its financial or performance obligation to the third party under the terms of the contract or there is a need to support a remarketing program, then upon a draw by a beneficiary, subject to the terms of the letter of credit, we would be obligated to make payment to them.\nThe standby letters of credit outstanding on December 31, 2017 had terms ranging from less than one year to seven years.\nAs of December 31, 2017, assets of $1.3 billion secured certain specifically identified standby letters of credit.\nIn addition, a portion of the remaining standby letters of credit issued on behalf of specific customers is also secured by collateral or guarantees that secure the customers other obligations to us.\nThe carrying amount of the liability for our obligations related to standby letters of credit and participations in standby letters of credit was $.2 billion at December 31, 2017 and is included in Other liabilities on our Consolidated Balance Sheet.\nattributable to the higher interest rate environment and customer growth.\nAverage interest-bearing deposits represented 76% of average interest-bearing liabilities in 2017 compared to 77% in 2016.\nFurther details regarding average loans and deposits are included in the Business Segments Review section of this Item 7."}
{"_id": "d89212c70", "title": "", "text": "| (Thousands of barrels per day) 2008 2007 2006 | Gasoline | Distillates | Propane | Feedstocks and special products | Heavy fuel oil | Asphalt | TOTAL(a) | Average sales price(Dollars per barrel) | Crack spreads(Dollars per barrel) | Chicago LLS 6-3-2-1 | US Gulf Coast LLS 6-3-2-1 |"}
{"_id": "d82223a22", "title": "", "text": "| Sales Price | High | Fiscal 2006 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Fiscal 2005 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d8f238f14", "title": "", "text": "| Year Ended December 31, | (In thousands) | Apparel | Footwear | Accessories | Total net sales | License | Connected Fitness | Total net revenues |"}
{"_id": "d864959e6", "title": "", "text": "| 2006 2005 2004 | As of December 31 (dollars in millions) | Core deposits: | Non-interest-bearing | Savings, interest-bearing checking and money market | Total | Time deposits maturing: | Within 6 months | After 6 months but within 1 year | After 1 but within 2 years | After 2 but within 3 years | After 3 years | Total | Total core deposits | Non-core deposits | Total deposits |"}
{"_id": "d8737bc6c", "title": "", "text": "| December 31, 2012 December 31, 2011 | (Dollar amounts in millions) | Other investments: | Consolidated sponsored investment funds | Equity method | Deferred compensation plan hedge fund equity method investments | Cost method investments: | Federal Reserve Bank stock | Other | Total cost method investments | Carried interest | Total other investments |"}
{"_id": "d8e9eb7ee", "title": "", "text": "| Years Ended December 31, | 2017 | Total net revenues | Total expenses | Income from continuing operations | Loss from discontinued operations, net of tax | Net income | Less: Net income attributable to noncontrolling interests | Net income attributable to Ameriprise Financial | Income from continuing operations | Loss from discontinued operations | Net income | Income from continuing operations | Loss from discontinued operations | Net income | Cash Dividends Declared Per Common Share | December 31, | 2017 | Investments-1 | Separate account assets | Total assets | Policyholder account balances, future policy benefits and claims | Separate account liabilities | Customer deposits | Long-term debt-1 | Short-term borrowings | Total liabilities | Total Ameriprise Financial, Inc. shareholders’ equity | Noncontrolling interests’ equity |"}
{"_id": "d8c2351a0", "title": "", "text": "| December 31, Allowance for loan losses Net charge-offs (recoveries) year ended | (in millions) | Investment Bank | Commercial Banking | Treasury & Securities Services | Asset Management | Corporate/Private Equity | Total Wholesale | Retail Financial Services | Card Services | Corporate/Private Equity | Total Consumer – reported | Credit card – securitized | Total Consumer – managed | Total |"}
{"_id": "d8624905c", "title": "", "text": "| Years ended December 31(millions, except percentage data) 2014 2013 2012 | Revenue | Operating income | Operating margin |"}
{"_id": "d8f91439c", "title": "", "text": "| (In millions) 2006 2005 2004 | E&P | RM&T | IG | Segment revenues | Elimination of intersegment revenues | Gain (loss) on long-term U.K. gas contracts | Total revenues | Items included in both revenues and costs and expenses: | Consumer excise taxes on petroleum products and merchandise | Matching crude oil and refined product buy/sell transactions settled in cash: | E&P | RM&T | Total buy/sell transactions included in revenues |"}
{"_id": "d8d2c9b56", "title": "", "text": "Derivatives and Hedging The Company maintains a program to enter into swaps to hedge against market price and interest rate exposures with respect to certain seed investments in sponsored investment products.\nAt December 31, 2017, the Company had outstanding total return swaps with an aggregate notional value of approximately $587 million.\nAt December 31, 2016, the Company had outstanding total return swaps and interest rate swaps with aggregate notional values of approximately $572 million and $42 million, respectively.\nGains (losses) on total return swaps are recorded in nonoperating income (expense) and were $(118) million, $(31) million and $11 million for 2017, 2016 and 2015, respectively.\nGains (losses) on the interest rate swaps are recorded in nonoperating income (expense) and were not material for 2017, 2016 and 2015.\nThe Company has entered into a derivative, providing credit protection to a counterparty of approximately $17 million, representing the Companys maximum risk of loss with respect to the provision of credit protection.\nThe Company carries the derivative at fair value based on the expected discounted future cash outflows under the arrangement.\nThe Company executes forward foreign currency exchange contracts to mitigate the risk of certain foreign exchange movements.\nAt December 31, 2017 and 2016, the Company had outstanding forward foreign currency exchange contracts with aggregate notional values of approximately $1.5 billion and $107 million, respectively.\nGains (losses) on the forward foreign currency exchange contracts are recorded in other general and administration expense and were $63 million for 2017.\nGains (losses) on the forward foreign currency exchange contracts were not material to the consolidated statements of income for 2016 and 2015.\nThe Company consolidates certain sponsored investment funds, which may utilize derivative instruments as a part of the funds investment strategies.\nThe change in fair value of such derivatives, which is recorded in nonoperating income (expense), was not material for 2017, 2016 and 2015.\nThe fair value of the outstanding derivatives mentioned above were not material to the consolidated statements of financial condition at December 31, 2017 and 2016.\nSee Note 12, Borrowings, for more information on the Companys net investment hedge.8."}
{"_id": "d82200d60", "title": "", "text": "| Type of Authorization Commission Expiration Date Authorization Amount Available Under Authorization | Westar Energy & KGE | Short-Term Debt | KCP&L | Short-Term Debt | Long-Term Debt | GMO | Short-Term Debt | Long-Term Debt |"}
{"_id": "d8a2e981e", "title": "", "text": "35% due primarily to certain undistributed foreign earnings for which no U. S.  taxes are provided because such earnings are intended to be indefinitely reinvested outside the U. S.  As of September 29, 2012, the Company had deferred tax assets arising from deductible temporary differences, tax losses, and tax credits of $4.0 billion, and deferred tax liabilities of $14.9 billion.\nManagement believes it is more likely than not that forecasted income, including income that may be generated as a result of certain tax planning strategies, together with future reversals of existing taxable temporary differences, will be sufficient to fully recover the deferred tax assets.\nThe Company will continue to evaluate the realizability of deferred tax assets quarterly by assessing the need for and amount of a valuation allowance.\nThe Internal Revenue Service (the IRS) has completed its field audit of the Companys federal income tax returns for the years 2004 through 2006 and proposed certain adjustments.\nThe Company has contested certain of these adjustments through the IRS Appeals Office.\nThe IRS is currently examining the years 2007 through 2009.\nAll IRS audit issues for years prior to 2004 have been resolved.\nIn addition, the Company is subject to audits by state, local, and foreign tax authorities.\nManagement believes that adequate provisions have been made for any adjustments that may result from tax examinations.\nHowever, the outcome of tax audits cannot be predicted with certainty.\nIf any issues addressed in the Companys tax audits are resolved in a manner not consistent with managements expectations, the Company could be required to adjust its provision for income taxes in the period such resolution occurs."}
{"_id": "d8b657568", "title": "", "text": "| (In millions) 2010 2009 2008 | Net sales | Operating profit | Operating margin | Backlog at year-end |"}
{"_id": "d8cbe8a76", "title": "", "text": "OCC Capital Plan In December 2014, OCC announced a newly-formed capital plan.\nThe OCC capital plan was designed to strengthen OCCs capital base and facilitate its compliance with proposed SEC regulations for Systemically Important Financial Market Utilities (SIFMUs) as well as international standards applicable to financial market infrastructures.\nOn February 26, 2015, the SEC issued a notice of no objection to OCCs advance notice filing regarding the capital plan, and OCC and OCCs existing exchange stockholders, which include CBOE, subsequently executed agreements effecting the capital plan.\nUnder the plan, each of OCCs existing exchange stockholders agreed to contribute its pro-rata share, based on ownership percentage, of $150 million in equity capital, which would increase OCCs shareholders equity, and to provide its pro rata share in replenishment capital, up to a maximum of $40 million per exchange stockholder, if certain capital thresholds are breached.\nOCC also adopted policies under the plan with respect to fees, customer refunds, and stockholder dividends, which envision an annual dividend payment to the exchange stockholders equal to the portion of OCCs after-tax income that exceeds OCCs capital requirements after payment of refunds to OCCs clearing members (with such customer refunds generally to constitute 50% of the portion of OCCs pre-tax income that exceeds OCCs capital requirements).\nOn March 3, 2015, in accordance with the plan, CBOE contributed $30 million to OCC.\nOn March 6, 2015, OCC informed CBOE that the SEC, acting though delegated authority, had approved OCCs proposed rule filing for the capital plan.\nThe SEC approval order was stayed on March 13, 2015 automatically as a result of the initiation of petitions to review the order.\nOn September 10, 2015, the SEC issued orders that discontinued the automatic stay of the approval order and granted the petitions for the SEC to review the approval order.\nOn September 15, 2015, the petitioners filed motions to reinstitute the automatic stay.\nOn February 11, 2016, based on a de novo review of the entire record, the SEC approved the proposed rule change implementing OCCs capital plan and dismissed the petitions for review and the petitioners motions.\nCertain petitioners subsequently appealed the SEC approval order for the OCC capital plan to the U. S.  Court of Appeals for the D. C.  Circuit and moved to stay the SEC approval order.\nOn February 23, 2016, the Court denied the petitioners motion to stay.\nThe appeal of the SEC approval order remains pending.\nCBOEs contribution has been recorded under Investments in the balance sheet at December 31, 2016."}
{"_id": "d8992f8be", "title": "", "text": "| Years ended December 31, | 2009 | AmerisourceBergen Corporation: | Gross product sales | % of total gross revenues | % of U.S. gross product sales | McKesson Corporation: | Gross product sales | % of total gross revenues | % of U.S. gross product sales | Cardinal Health, Inc.: | Gross product sales | % of total gross revenues | % of U.S. gross product sales |"}
{"_id": "d863d994e", "title": "", "text": "ITEM 3.\nLEGAL PROCEEDINGS On October 27, 2000, Ajaxo, Inc.  (“Ajaxo”) filed a complaint in the Superior Court for the State of California, County of Santa Clara.\nAjaxo sought damages and certain non-monetary relief for the Company’s alleged breach of a non-disclosure agreement with Ajaxo pertaining to certain wireless technology that Ajaxo offered the Company as well as damages and other relief against the Company for their alleged misappropriation of Ajaxo’s trade secrets.\nFollowing a jury trial, a judgment was entered in 2003 in favor of Ajaxo against the Company for $1.3 million for breach of the Ajaxo non-disclosure agreement.\nAlthough the jury found in favor of Ajaxo on its claim against the Company for misappropriation of trade secrets, the trial court subsequently denied Ajaxo’s requests for additional damages and relief.\nOn December 21, 2005, the California Court of Appeal affirmed the above-described award against the Company for breach of the nondisclosure agreement but remanded the case to the trial court for the limited purpose of determining what, if any, additional damages Ajaxo may be entitled to as a result of the jury’s previous finding in favor of Ajaxo on its claim against the Company for misappropriation of trade secrets.\nAlthough the Company paid Ajaxo the full amount due on the above-described judgment, the case was remanded back to the trial court, and on May 30, 2008, a jury returned a verdict in favor of the Company denying all claims raised and demands for damages against the Company.\nFollowing the trial court’s filing of entry of judgment in favor of the Company on September 5, 2008, Ajaxo filed post-trial motions for vacating this entry of judgment and requesting a new trial.\nBy order dated November 4, 2008, the trial court denied these motions.\nOn December 2, 2008, Ajaxo filed a notice of appeal with the Court of Appeal of the State of California for the Sixth District.\nOral argument on the appeal was heard on July 15, 2010.\nOn August 30, 2010, the Court of Appeal affirmed the trial court’s verdict in part and reversed the verdict in part, remanding the case.\nE*TRADE petitioned the Supreme Court of California for review of the Court of Appeal decision.\nOn December 16, 2010, the California Supreme Court denied the Company’s petition for review and remanded for further proceedings to the trial court.\nOn September 20, 2011, the trial court granted limited discovery at a conference on November 4, 2011, and set a motion schedule and trial date.\nThe trial will continue on May 14, 2012.\nThe Company will continue to defend itself vigorously.\nOn October 2, 2007, a class action complaint alleging violations of the federal securities laws was filed in the United States District Court for the Southern District of New York against the Company and its then\nLegal Settlements for the Auction Rate Securities and Freudenberg Matters ?\nWe reached a settlement with the Colorado Division of Securities and the NASAA whereby E*TRADE Securities LLC offered to purchase auction rate securities from eligible investors who purchased those securities through E*TRADE Securities LLC.\nWe recorded a reserve of $48 million in connection with this settlement.\nWe also entered into a memorandum of understanding to settle the Freudenberg Action, which resulted in the recording of a net reserve of $10.8 million as of December 31, 2011."}
{"_id": "d8db8ab78", "title": "", "text": "| 2013 2012 2011 | Net sales | Operating profit | Operating margins | Backlog at year-end |"}
{"_id": "d87097a14", "title": "", "text": "Certain non-structured liabilities The Company has elected the fair value option for certain non-structured liabilities with fixed and floating interest rates (“non-structured liabilities”).\nThe Company has elected the fair value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings.\nThe election has been made to mitigate accounting mismatches and to achieve operational simplifications.\nThese positions are reported in Short-term borrowings and Long-term debt on the Company’s Consolidated Balance Sheet.\nFor those non-structured liabilities classified as Short-term borrowings for which the fair value option has been elected, the aggregate unpaid principal balance exceeded the aggregate fair value of such instruments by $220 million as of December31, 2008.\nFor non-structured liabilities classified as Long-term debt for which the fair value option has been elected, the aggregate unpaid principal balance exceeded the aggregate fair value by $1,542 million and $856 million as of December31, 2009 and 2008, respectively.\nThe change in fair value for these non-structured liabilities is reported in Principal transactions in the Company’s Consolidated Statement of Income.\nRelated interest expense continues to be measured based on the contractual interest rates and reported as such in the Consolidated Income Statement."}
{"_id": "d88df297e", "title": "", "text": "($9.0) and other items ($.2), offset by the revaluation of our U. S.  deferred taxes ($26.1).\nWe refined these provisional amounts under SAB 118 in the third quarter of 2018 and recorded measurement period adjustment benefits related to the deemed repatriation tax and our deferred tax revaluation of $1.3 and $.5, respectively.\nIn addition, in 2018, the United States Internal Revenue Service (IRS) applied our prepaid income taxes and taxes receivable of $28.4 against the December 31, 2017 deemed repatriation tax liability.\nThe deemed repatriation tax outstanding as of December 31, 2018, was $32.2 and will be paid on a graduated scale beginning in 2022 over a four-year period.\nAs of December 31, 2018, our accounting was finalized with respect to the SAB 118 provisional amounts recorded at December 31, 2017.\nIn aggregate, these adjustment items decreased our effective tax rate by .4% in 2018.\nOur 2018 rate benefited by $2.3, primarily related to the net reduction of valuation allowances of $7.8 and other net benefits totaling $9.1, including measurement period adjustments discussed in the previous paragraph.\nThese benefits were offset by tax detriments recorded in 2018 totaling $14.6 related to current and deferred foreign withholding taxes.\nIn 2017, we recognized net tax benefits totaling $25.2, including those associated with tax attributes from a divested business and the impact of stock-based compensation.\nIn 2016, we recognized net tax benefits totaling $19.3, including a tax benefit related to stock-based compensation from the first year adoption of ASU 2016-09, \"Improvements to Employee Share-Based Payment Accounting\".\nIn both 2017 and 2016, prior to TCJA, the tax rate benefited from income earned in various foreign jurisdictions at rates lower than the U. S.  federal statutory rate, primarily related to China, Croatia, and Luxembourg.\nWe file tax returns in each jurisdiction where we are required to do so.\nIn these jurisdictions, a statute of limitations period exists.\nAfter a statute period expires, the tax authorities can no longer assess additional income tax for the expired period.\nIn addition, once the statute expires we are no longer eligible to file claims for refund for any tax that we may have overpaid.\nUnrecognized Tax Benefits The total amount of our gross unrecognized tax benefits at December?31, 2018 was $11.0, of which $7.9 would impact our effective tax rate, if recognized.\nA reconciliation of the beginning and ending balance of our gross unrecognized tax benefits for the periods presented is as follows:"}
{"_id": "d8da469d8", "title": "", "text": "| Years Ended December 31, Gain (Loss) | (in millions) | Assets: | Bond and equity securities | Alternative investments(a) | Other, including Short-term investments | Liabilities: | Long-term debt(b) | Other liabilities | Total gain |"}
{"_id": "d8e1b1d58", "title": "", "text": "Interest rates on variable rate obligations were calculated using the rate in effect as of December 31, 2004.\nInterest rates on certain long-term debt have been converted from variable to fixed rates as discussed under the heading Interest Rate Swaps below.\nInterest Rate Swaps In order to minimize its financing costs and to manage interest rate exposure, the Company, from time to time, enters into interest rate swap agreements.\nIn October 2003, the Company entered into interest rate swap agreements to effectively convert interest payments on long-term debt from fixed to variable rates.\nInterest payments on $200.0 million of 6.7% Notes due in October 2005 and $150.0 million of 6.95% Notes due in March 2007 were converted from the respective fixed rates to variable rates based on the London Interbank Offered Rate, LIBOR.\nIn March 2004, the Company terminated these agreements, resulting in cash receipts totaling $5.2 million, with a corresponding increase to the carrying value of the long-term debt.\nThis increase is being amortized over the remaining term of the respective long-term debt as a reduction to interest expense.\nIn February 2001, the Company entered into interest rate swap agreements that effectively converted variable-interest-rate payments on certain leases from a variable to a fixed rate of 6.1%.\nThe fair value of interest rate swaps is defined as the difference in the present values of cash flows calculated at the contracted interest rates and at current market interest rates at the end of the period.\nThe fair value of the swap agreements is calculated quarterly based upon the quoted market price for the same or similar financial instruments.\nThe fair value of the variable to fixed interest rate swaps was a liability of $1.7 million and $5.2 million as of December 31, 2004 and 2003, respectively.\nThe potential net loss in fair value of interest rate swaps of ten percent resulting from a hypothetical near-term adverse change in market rates was $.2 million and $.5 million as of December 31, 2004 and 2003, respectively.\nThe Company’s risk related to the interest rate swap agreements is limited to the cost of replacing the agreements at prevailing market rates."}
{"_id": "d8c13b3c6", "title": "", "text": "| Year ended December 31, (in millions) 2006 2005 | Other noninterest revenue | Net interest income | Gain on sale of discontinued operations | Total net revenue | Noninterest expense | Income from discontinued operations before income taxes | Income tax expense | Income from discontinued operations |"}
{"_id": "d8988f616", "title": "", "text": "Hypothetical scenarios evaluate the potential impact of extreme but plausible events over periods as long as one month.\nThese scenarios are developed to address perceived vulnerabilities in the market and in our portfolios, and are periodically updated.\nThey are also reviewed and updated to reflect changing market conditions, such as were experienced during the second half of 2007.\nFor example, many trading assets became extremely illiquid which required changes in assumptions to properly incorporate them in the stress models.\nThis was the case with our CDOrelated exposure for which we have updated our models at various times during the second half of 2007.\nManagement reviews and evaluates results of these scenarios monthly.\nDuring the twelve months ended December 31, 2007, the largest daily losses among these scenarios ranged from $459 million to $1.5 billion.\nWorst-case losses, which represent the most extreme losses in our daily VAR calculation, are reported daily.\nFinally, desk-level stress tests are performed daily for individual businesses.\nThese stress tests evaluate the potential adverse impact of large moves in the market risk factors to which those businesses are most sensitive."}
{"_id": "d8d3b0c2c", "title": "", "text": "Assets held for sale in the consolidated balance sheet as of December 31, 2009 include an office building the Company sold during the year ended December 31, 2010.\nThe office building had a net book value of $2 million and the Company recorded a gain of $14 million to Gain (loss) on disposition of businesses and assets, net, in the consolidated statements of operations during the year ended December 31, 2010.\nThe office building was included in the Other Activities segment.5.\nMarketable Securities, at Fair Value The Captives and nonqualified pension trusts hold available-for-sale securities for capitalization and funding requirements, respectively.\nThe Company recorded realized gains (losses) as follows:"}
{"_id": "d8af692a6", "title": "", "text": "| (in millions) December 31, 2017 December 31, 2016 | Investments, GAAP | Investments held by consolidated VIEs, GAAP | Total Investments | Investments held by consolidated VIEs | Investments held by consolidated VREs | Net interest in consolidated VREs | Net interest in consolidated VIEs-1 | Total Investments, as adjusted | Federal Reserve Bank stock | Deferred compensation investments | Hedged investments | Carried interest (VIEs/VREs) | Total “economic” investment exposure |"}
{"_id": "d81e68856", "title": "", "text": "| December 31, 2014-6 | AmortizedCost | (in millions) | Fixed maturities, available-for-sale | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds | U.S. corporate public securities | U.S. corporate private securities-1 | Foreign corporate public securities | Foreign corporate private securities | Asset-backed securities-2 | Commercial mortgage-backed securities | Residential mortgage-backed securities-3 | Total fixed maturities, available-for-sale-1 | Equity securities, available-for-sale |"}
{"_id": "d8e675b0a", "title": "", "text": "The following table provides the change in income from continuing operations by segment, excluding Travelers, and certain transactions as mentioned above:"}
{"_id": "d86d5f220", "title": "", "text": "| Payment due by period 2019 2020 2021 2022 2023 After 2023 Total | Long-term debt | Principal | Interest | Long-term debt of VIEs | Principal | Interest | Lease commitments | Operating leases | Capital leases | Pension and other post-retirement plans(a) | Purchase commitments | Fuel | Power | Other | Total contractual commitments(a) |"}
{"_id": "d87dc6a0a", "title": "", "text": "MetLife, Inc.  Notes to the Consolidated Financial Statements — (Continued) action lawsuit was filed against Sun Life in Toronto, Kang v.  Sun Life Assurance Co.  (Super.\nCt. , Ontario, September 2010), alleging sales practices claims regarding the same individual policies sold by MLIC and transferred to Sun Life.\nSun Life contends that MLIC is obligated to indemnify Sun Life for some or all of the claims in this lawsuit.\nMLIC is currently not a party to the Kang v.  Sun Life lawsuit.\nItaly Fund Redemption Suspension Complaints and Litigation.\nAs a result of suspension of withdrawals and diminution in value in certain funds offered within certain unit-linked policies sold by the Italian branch of Alico Life International, Ltd.  (“ALIL”), a number of policyholders invested in those funds have either commenced or threatened litigation against ALIL, alleging misrepresentation, inadequate disclosures and other related claims.\nThese policyholders contacted ALIL beginning in July 2009 alleging that the funds operated at variance to the published prospectus and that prospectus risk disclosures were allegedly wrong, unclear, and misleading.\nThe limited number of lawsuits that have been filed to date have either been resolved or are proceeding through litigation.\nIn March 2010, ALIL learned that the public prosecutor in Milan had opened a formal investigation into the actions of ALIL employees, as well as of employees of ALIL’s major distributor, based upon a policyholder complaint.\nThe complaint filed by the policyholder has now been withdrawn.\nALIL is cooperating with the Italian and Irish regulatory authorities, which have jurisdiction in connection with this matter.\nThe Stock Purchase Agreement includes a provision pursuant to which the Holding Company and certain related parties may seek indemnification for liabilities in excess of an agreed upon amount arising out of certain specified policyholder claims and governmental investigations in connection with the above-mentioned unit-linked policies.\nSee also “Indemnification Assets and Contingent Consideration” in Note 2.\nSummary Putative or certified class action litigation and other litigation and claims and assessments against the Company, in addition to those discussed previously and those otherwise provided for in the Company’s consolidated financial statements, have arisen in the course of the Company’s business, including, but not limited to, in connection with its activities as an insurer, mortgage lending bank, employer, investor, investment advisor and taxpayer.\nFurther, state insurance regulatory authorities and other federal and state authorities regularly make inquiries and conduct investigations concerning the Company’s compliance with applicable insurance and other laws and regulations.\nIt is not possible to predict the ultimate outcome or provide reasonable ranges of potential losses of all pending investigations and legal proceedings.\nIn some of the matters referred to previously, very large and/or indeterminate amounts, including punitive and treble damages, are sought.\nAlthough in light of these considerations it is possible that an adverse outcome in certain cases could have a material adverse effect upon the Company’s financial position, based on information currently known by the Company’s management, in its opinion, the outcomes of such pending investigations and legal proceedings are not likely to have such an effect.\nHowever, given the large and/or indeterminate amounts sought in certain of these matters and the inherent unpredictability of litigation, it is possible that an adverse outcome in certain matters could, from time to time, have a material adverse effect on the Company’s consolidated net income or cash flows in particular quarterly or annual periods.\nInsolvency Assessments Most of the jurisdictions in which the Company is admitted to transact business require insurers doing business within the jurisdiction to participate in guaranty associations, which are organized to pay contractual benefits owed pursuant to insurance policies issued by impaired, insolvent or failed insurers.\nThese associations levy assessments, up to prescribed limits, on all member insurers in a particular state on the basis of the proportionate share of the premiums written by member insurers in the lines of business in which the impaired, insolvent or failed insurer engaged.\nSome states permit member insurers to recover assessments paid through full or partial premium tax offsets.\nIn addition, Japan has established a Policyholder Protection Commission as a contingency to protect policyholders against the insolvency of life insurance companies in Japan through assessments to companies licensed to provide life insurance.\nAssets and liabilities held for insolvency assessments were as follows:"}
{"_id": "d82a93cac", "title": "", "text": "Forward-Looking Statements This Annual Report to Shareholders contains forward-looking statements concerning Eaton's full year 2013 sales, the performance in 2013 of its worldwide end markets, and Eaton's 2013 growth in relation to end markets, among other matters.\nThese statements may discuss goals, intentions and expectations as to future trends, plans, events, results of operations or financial condition, or state other information relating to Eaton, based on current beliefs of management as well as assumptions made by, and information currently available to, management.\nForward-looking statements generally will be accompanied by words such as anticipate, believe, could, estimate, expect, forecast, guidance, intend, may, possible, potential, predict, project or other similar words, phrases or expressions.\nThese statements should be used with caution and are subject to various risks and uncertainties, many of which are outside Eatons control.\nThe following factors could cause actual results to differ materially from those in the forward-looking statements: unanticipated changes in the markets for the Companys business segments; unanticipated downturns in business relationships with customers or their purchases from us; the availability of credit to customers and suppliers; competitive pressures on sales and pricing; increases in the cost of material and other production costs, or unexpected costs that cannot be recouped in product pricing; the introduction of competing technologies; unexpected technical or marketing difficulties; unexpected claims, charges, litigation or dispute resolutions; strikes or other labor unrest; the impact of acquisitions and divestitures; unanticipated difficulties integrating acquisitions; new laws and governmental regulations; interest rate changes; tax rate changes or exposure to additional income tax liability; stock market and currency fluctuations; and unanticipated deterioration of economic and financial conditions in the United States and around the world.\nEaton does not assume any obligation to update these forward-looking statements.\nItem 7.\nManagements Discussion and Analysis of Financial Condition and Results of Operations Results of Operations  CNA Financial  (Continued) Net income increased $246 million in 2006 as compared with 2005.\nThis increase was attributable to increases in net operating income and net realized investment gains.\nSee the Investments section of this MD&A for further discussion of net investment income and net realized investment results.\nNet operating income increased $225 million in 2006 as compared with 2005.\nThis improvement was primarily driven by an increase in net investment income, a decrease in net prior year development as discussed below and reduced catastrophe impacts in 2006.\nCatastrophe impacts were $1 million after tax and minority interest for the year ended December 31, 2006, as compared to $15 million after tax and minority interest for the year ended December 31, 2005.\nThe 2005 results also included a $54 million loss, after taxes and minority interest, in the surety line of business related to a large national contractor.\nFurther information related to the large national contractor is included in Note 22 of the Notes to Consolidated Financial Statements included under Item 8.\nThe combined ratio improved 7.9 points in 2006 as compared with 2005.\nThe loss ratio improved 7.9 points, due to decreased net prior year development as discussed below and improved current accident year impacts.\nThe 2005 loss ratio was unfavorably impacted by surety losses of $110 million, before taxes and minority interest, related to a national contractor as discussed above.\nPartially offsetting this favorable impact was less favorable current accident year loss ratios across several other lines of business in 2006.\nFavorable net prior year development of $66 million was recorded in 2006, including $61 million of favorable claim and allocated claim adjustment expense reserve development and $5 million of favorable premium development.\nUnfavorable net prior year development of $103 million, including $173 million of unfavorable claim and allocated claim adjustment expense reserve development and $70 million of favorable premium development, was recorded in 2005.\nFurther information on Specialty Lines Net Prior Year Development for 2006 and 2005 is included in Note 9 of the Notes to Consolidated Financial Statements included under Item 8."}
{"_id": "d82afa5ce", "title": "", "text": "Part I Item 1 Entergy Corporation, Utility operating companies, and System Energy 253 including the continued effectiveness of the Clean Energy Standards/Zero Emissions Credit program (CES/ZEC), the establishment of certain long-term agreements on acceptable terms with the Energy Research and Development Authority of the State of New York in connection with the CES/ZEC program, and NYPSC approval of the transaction on acceptable terms, Entergy refueled the FitzPatrick plant in January and February 2017.\nIn October 2015, Entergy determined that it would close the Pilgrim plant.\nThe decision came after management’s extensive analysis of the economics and operating life of the plant following the NRC’s decision in September 2015 to place the plant in its “multiple/repetitive degraded cornerstone column” (Column 4) of its Reactor Oversight Process Action Matrix.\nThe Pilgrim plant is expected to cease operations on May 31, 2019, after refueling in the spring of 2017 and operating through the end of that fuel cycle.\nIn December 2015, Entergy Wholesale Commodities closed on the sale of its 583 MW Rhode Island State Energy Center (RISEC), in Johnston, Rhode Island.\nThe base sales price, excluding adjustments, was approximately $490 million.\nEntergy Wholesale Commodities purchased RISEC for $346 million in December 2011.\nIn December 2016, Entergy announced that it reached an agreement with Consumers Energy to terminate the PPA for the Palisades plant on May 31, 2018.\nPursuant to the PPA termination agreement, Consumers Energy will pay Entergy $172 million for the early termination of the PPA.\nThe PPA termination agreement is subject to regulatory approvals.\nSeparately, and assuming regulatory approvals are obtained for the PPA termination agreement, Entergy intends to shut down the Palisades nuclear power plant permanently on October 1, 2018, after refueling in the spring of 2017 and operating through the end of that fuel cycle.\nEntergy expects to enter into a new PPA with Consumers Energy under which the plant would continue to operate through October 1, 2018.\nIn January 2017, Entergy announced that it reached a settlement with New York State to shut down Indian Point 2 by April 30, 2020 and Indian Point 3 by April 30, 2021, and resolve all New York State-initiated legal challenges to Indian Point’s operating license renewal.\nAs part of the settlement, New York State has agreed to issue Indian Point’s water quality certification and Coastal Zone Management Act consistency certification and to withdraw its objection to license renewal before the NRC.\nNew York State also has agreed to issue a water discharge permit, which is required regardless of whether the plant is seeking a renewed NRC license.\nThe shutdowns are conditioned, among other things, upon such actions being taken by New York State.\nEven without opposition, the NRC license renewal process is expected to continue at least into 2018.\nWith the settlement concerning Indian Point, Entergy now has announced plans for the disposition of all of the Entergy Wholesale Commodities nuclear power plants, including the sales of Vermont Yankee and FitzPatrick, and the earlier than previously expected shutdowns of Pilgrim, Palisades, Indian Point 2, and Indian Point 3.\nSee “Entergy Wholesale Commodities Exit from the Merchant Power Business” for further discussion.\nProperty Nuclear Generating Stations Entergy Wholesale Commodities includes the ownership of the following nuclear power plants:"}
{"_id": "d8bc5c4a4", "title": "", "text": "| U.S. dollar Instantaneous change in rates | (in billions) | December 31, 2016 | December 31, 2015 | 2016 | December 31, (in millions) | Federal funds sold and securities purchased under resale agreements | Securities borrowed | Trading assets: | Debt and equity instruments, excluding loans | Loans reported as tradingassets: | Changes in instrument-specific credit risk | Other changes in fair value | Loans: | Changes in instrument-specific credit risk | Other changes in fair value | Other assets | Deposits(a) | Federal funds purchased and securities loaned or sold under repurchase agreements(a) | Other borrowed funds(a) | Trading liabilities | Beneficial interests issued by consolidated VIEs | Other liabilities | Long-term debt: | DVA on fair value option elected liabilities(a) | Other changes in fair value(b) |"}
{"_id": "d8b865792", "title": "", "text": "For reporting purposes, we allocate the allowance for credit losses across products.\nHowever, the allowance is available to absorb any credit losses without restriction.\nTable 38 presents our allocation by product type."}
{"_id": "d8d4c5388", "title": "", "text": "| Fiscal Years Ended | September 26, 2009 | (In thousands, except per share data) | Consolidated Statement of Operations Data | Revenues: | Product sales | Service and other revenues | 1,637,134 | Costs and Expenses: | Cost of product sales | Cost of product sales—amortization of intangible assets | Cost of product sales—impairment of intangibles | Cost of service and other revenues | Research and development | Selling and marketing | General and administrative | Amortization of intangible assets | Impairment of goodwill | Impairment of intangible assets | Net gain on sale of intellectual property | Acquired in-process research and development | Restructuring charges | 3,653,808 | (Loss) income from operations | Interest income | Interest expense | Other (expense) income, net | (Loss) income before income taxes | Provision for income taxes | Net (loss) income |"}
{"_id": "d8163599a", "title": "", "text": "As of December 31, 2008, the Company had paid all of these merger related liabilities.\nThe loss from discontinued operations for the year ended December 31, 2007 is primarily due to the settlement of the Verestar bankruptcy proceedings and related litigation and the related tax effects.\nIn November 2007, following approval by the bankruptcy court, the Verestar settlement agreement became effective, we paid the $32.0 million settlement amount and the litigation was dismissed.\nIn connection with the approval of the settlement agreement by the bankruptcy court and the dismissal of the bankruptcy proceedings and related litigation, we determined that the benefits from certain of Verestar’s net operating losses would more likely than not be recoverable by us.\nWe had not previously recorded these tax benefits related to net operating losses generated from the operations of Verestar and used by us because our ability to realize such benefits was potentially impacted by the bankruptcy proceedings and related litigation that had yet to be resolved.\nAccordingly, in November 2007, we recorded $5.6 million of additional tax benefits related to Verestar.\nWe also recorded a tax provision of $10.7 million in loss from discontinued operations, net during the three months ended December 31, 2007 to write off deferred tax assets associated with Verestar that should have been written off in 2002 and removed from the consolidated balance sheet when Verestar was deconsolidated upon its bankruptcy filing in December 2003."}
{"_id": "d8271c6aa", "title": "", "text": "| Range of Annual Paymentsor (Receipts) Average AnnualPayments or (Receipts)for 2005-2009 Period | (In Millions) | Entergy Arkansas | Entergy Gulf States | Entergy Louisiana | Entergy Mississippi | Entergy New Orleans |"}
{"_id": "d884fee1c", "title": "", "text": "| Interest Rate Type | Fixed | (in 000’s) | Commercial Loans | Real Estate Construction Loans | Commercial Real Estate Loans | Residential Mortgage Loans | Consumer Loans | Total Loans |"}
{"_id": "d8d9ffc22", "title": "", "text": "| For the years ended December31 | 2012 | Beginning of year | Openings | Relocations | Total restaurants at end of year |"}
{"_id": "d8f34095c", "title": "", "text": "The increase in gross margin versus 2013 was primarily due to higher volumes, favorable mix, decreased material and commodity costs and improved pricing.\nThe increase in selling, general and administrative expenses was primarily due to increased headcount and higher variable compensation expense.\nThe increase in research, development and engineering expenses was primarily due to lower expense recovery, increased consulting, increased variable compensation and increased investment to support new product initiatives.\nThe increase in equity, royalty and interest income from investees was primarily due to higher earnings at Beijing Foton Cummins Engine Co. , Ltd.  (Light-duty).2013 vs.  2012 Sales Engine segment sales decreased versus 2012 due to lower demand in stationary power, heavy-duty truck and industrial businesses, partially offset by the medium-duty truck business.\nThe following are the primary drivers by market: ?\nStationary power engine sales decreased due to lower demand in power generation markets.  ?\nHeavy-duty truck engine sales decreased due to weaker demand in North American on-highway markets during the first half of the year compared to the recovery experienced in the first half of 2012 as trucking companies replaced aging fleets.  ?\nIndustrial market sales decreased primarily due to a 36 percent reduction in global mining shipments as a result of lower commodity prices and a 37 percent decline in engine shipments to North American oil and gas markets, partially offset by increased shipments to the Western European construction markets as a result of the pre-buy activity in 2013 ahead of the Tier IV emission regulations beginning in the first quarter of 2014.  ?\nForeign currency fluctuations unfavorably impacted sales.\nThe decreases above were partially offset by the following: ?\nMedium-duty truck engine sales increased due to market share gains in the North American medium-duty truck market and improved demand in the Brazilian and European truck markets.\nThe improved sales in Brazil were primarily due to lower sales in the first half of 2012 as the result of the implementation of the Euro V emission regulations beginning in the first quarter of 2012.\nTotal on-highway-related sales for 2013 were 62 percent of total engine segment sales, compared to 59 percent in 2012.\nSegment EBIT Engine segment EBIT decreased versus 2012, primarily due to lower gross margin, partially offset by lower research, development and engineering expenses and higher equity, royalty and interest income from investees.\nEngine segment EBIT for 2012 included restructuring and other charges of $20 million in the fourth quarter of 2012.\nMajor components of EBIT and related changes to segment EBIT and EBIT as a percentage of sales were as follows:"}
{"_id": "d8a43f6fa", "title": "", "text": "| (In millions) 2007 2006 2005 | E&P | OSM | RM&T | IG | Segment revenues | Elimination of intersegment revenues | Gain (loss) on long-term U.K. gas contracts | Total revenues | Items included in both revenue and costs and expenses: | Consumer excise taxes on petroleum products and merchandise | Matching crude oil and refined product buy/sell transactions settled in cash: | E&P | RM&T | Total buy/sell transactions included in revenues |"}
{"_id": "d8ba9095e", "title": "", "text": "Management’s Discussion and Analysis of Financial Condition and Results of Operations – Continued O&R’s electric operating revenues decreased $49 million in 2012 compared with 2011 due primarily to lower purchased power costs ($69 million), offset in part by the New York electric rate plan ($12 million).\nO&R’s New York electric delivery revenues are subject to a revenue decoupling mechanism, as a result of which delivery revenues are generally not affected by changes in delivery volumes from levels assumed when rates were approved.\nO&R’s electric sales in New Jersey and Pennsylvania are not subject to a decoupling mechanism, and as a result, changes in such volumes do impact revenues.\nOther electric operating revenues generally reflect changes in regulatory assets and liabilities in accordance with the company’s electric rate plan.\nSee Note B to the financial statements in Item 8.\nElectric delivery volumes in O&R’s service area decreased 1.0 percent in 2012 compared with 2011.\nAfter adjusting for weather and other variations, electric delivery volumes in O&R’s service area increased 0.8 percent in 2012 compared with 2011.\nElectric operating income increased $2 million in 2012 compared with 2011.\nThe increase reflects primarily higher net revenues ($20 million), offset by higher operations and maintenance expense ($9 million, due to higher pension and health care expense), taxes other than income taxes ($6 million, principally property taxes) and depreciation and amortization ($3 million).\nMost of the operating expenses attributable to major storms in 2012 and 2011 were deferred as a regulatory asset."}
{"_id": "d8843b232", "title": "", "text": "STATE STREET CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 167 With respect to the 5.25% subordinated bank notes due 2018, State Street Bank is required to make semiannual interest payments on the outstanding principal balance of the notes on April 15 and October 15 of each year, and the notes qualify for inclusion in tier 2 regulatory capital under current federal regulatory capital guidelines.\nWith respect to the 5.30% subordinated notes due 2016 and the floating-rate subordinated notes due 2015, State Street Bank is required to make semi-annual interest payments on the outstanding principal balance of the 5.30% subordinated notes on January 15 and July 15 of each year, and quarterly interest payments on the outstanding principal balance of the floating-rate notes on March 8, June 8, September 8 and December 8 of each year.\nEach of the subordinated notes qualifies for inclusion in tier 2 regulatory capital under current federal regulatory capital guidelines.\nNote 11.\nCommitments, Guarantees and Contingencies Commitments: We had unfunded off-balance sheet commitments to extend credit totaling $21.30 billion and $17.86 billion as of December 31, 2013 and 2012, respectively.\nThe potential losses associated with these commitments equal the gross contractual amounts, and do not consider the value of any collateral.\nApproximately 75% of our unfunded commitments to extend credit expire within one year from the date of issue.\nSince many of these commitments are expected to expire or renew without being drawn upon, the gross contractual amounts do not necessarily represent our future cash requirements.\nGuarantees: Off-balance sheet guarantees are composed of indemnified securities financing, stable value protection, unfunded commitments to purchase assets, and standby letters of credit.\nThe potential losses associated with these guarantees equal the gross contractual amounts, and do not consider the value of any collateral."}
{"_id": "d86a046b6", "title": "", "text": "ITEM 7 - MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS EXECUTIVE SUMMARY THE PNC FINANCIAL SERVICES GROUP, INC.  PNC is one of the largest diversified financial services companies in the United States based on assets, with businesses engaged in retail banking, corporate and institutional banking, asset management, and global fund processing services.\nWe provide many of our products and services nationally and others in our primary geographic markets located in Pennsylvania, New Jersey, Washington, DC, Maryland, Virginia, Ohio, Kentucky and Delaware.\nWe also provide certain global fund processing services internationally.\nKEY STRATEGIC GOALS Our strategy to enhance shareholder value centers on driving positive operating leverage by achieving growth in revenue from our diverse business mix that exceeds growth in expenses as a result of disciplined cost management.\nIn each of our business segments, the primary drivers of revenue growth are the acquisition, expansion and retention of customer relationships.\nWe strive to expand our customer base by providing convenient banking options and leading technology systems, providing a broad range of fee-based products and services, focusing on customer service, and through a significantly enhanced branding initiative.\nWe may also grow revenue through appropriate and targeted acquisitions and, in certain businesses, by expanding into new geographical markets.\nWe have maintained a moderate risk profile characterized by strong credit quality and limited exposure to earnings volatility resulting from interest rate fluctuations and the shape of the interest rate yield curve.\nOur actions have created a strong balance sheet, ample liquidity and investment flexibility to adjust, where appropriate, to changing interest rates and market conditions.\nWe continue to be disciplined in investing capital in our businesses while returning a portion to shareholders through dividends and share repurchases when appropriate.\nACQUISITION AND DIVESTITURE ACTIVITY A summary of pending and recently completed acquisitions and divestitures is included under Item 1 and in Note 2 Acquisitions and Divestitures in the Notes To Consolidated Financial Statements in Item 8 of this Report.\nKEY FACTORS AFFECTING FINANCIAL PERFORMANCE Our financial performance is substantially affected by several external factors outside of our control, including: ?\nGeneral economic conditions, ?\nLoan demand, utilization of credit commitments and standby letters of credit, and asset quality ?\nCustomer demand for other products and services, ?\nMovement of customer deposits from lower to higher rate accounts or to investment alternatives, ?\nThe level of, direction, timing and magnitude of movement in interest rates, and the shape of the interest rate yield curve, and ?\nThe functioning and other performance of, and availability of liquidity in, the capital and other financial markets.  ?\nThe impact of credit spreads on valuations of commercial mortgage loans held for sale and the market for securitization and sale of these assets.\nStarting in the middle of 2007, and continuing at present, there has been significant turmoil and volatility in worldwide financial markets, accompanied by uncertain prospects for the overall economy.\nOur performance in 2008 will be impacted by developments in these areas.\nIn addition, our success in 2008 will depend, among other things, upon: ?\nFurther success in the acquisition, growth and retention of customers, ?\nThe successful integration of Yardville and progress toward closing and integrating the Sterling acquisition, ?\nCompleting the divestiture of Hilliard Lyons, ?\nContinued development of the Mercantile franchise, including full deployment of our product offerings, ?\nRevenue growth, ?\nA sustained focus on expense management and creating positive operating leverage, ?\nMaintaining strong overall asset quality, ?\nPrudent risk and capital management, and ?\nActions we take within the capital and other financial markets."}
{"_id": "d81a04e72", "title": "", "text": "| (In millions) 2006 2005 2004 | Sales and transfers of oil and gas produced, net of production, transportation and administrative costs | Net changes in prices and production, transportation and administrative costs related to future production | Extensions, discoveries and improved recovery, less related costs | Development costs incurred during the period | Changes in estimated future development costs | Revisions of previous quantity estimates | Net changes in purchases and sales of minerals in place | Accretion of discount | Net change in income taxes | Timing and other | Net change for the year | Beginning of year | End of year | Net change for the year from discontinued operations |"}
{"_id": "d816dc86c", "title": "", "text": "| December 31,2013 December 31,2014 December 31,2015 December 31,2016 December 31,2017 December 31,2018 | DISCA | DISCB | DISCK | S&P 500 | Peer Group incl. Acquired Companies | Peer Group ex. Acquired Companies |"}
{"_id": "d87b59cb8", "title": "", "text": "| 2011 2012 2013 2014 2015 Annual Average for 2011-2015 | (Dollars in millions unless otherwise stated) | Net Baseload Capacity (MW)(a) | Forecasted Baseload Capacity (MW)(b) | Total Baseload Sales (MW)(c)(d) | Percentage Baseload Capacity Sold Forward(e) | Total Forward Hedged Revenues(f)(g) | Weighted Average Hedged Price ($ per MWh)(f) | Average Equivalent Natural Gas Price ($ per MMBtu) |"}
{"_id": "d8ea98476", "title": "", "text": "| 2006 2005 | (In millions) | Years ended December 31, | Foreign exchange products | Interest-rate products |"}
{"_id": "d8ebde5b0", "title": "", "text": "| 2010 2009 | (in millions) | General obligations: | Capital debt-1 | Investment-related | Securities business-related | Specified other businesses | Total general obligations | Limited and non-recourse debt-2 | Total borrowings | Short-term debt | Long-term debt | Total borrowings | Borrowings of Financial Services Businesses | Borrowings of Closed Block Business | Total borrowings | Calendar Year: | 2012 | 2013 | 2014 | 2015 | 2016 and thereafter | Total |"}
{"_id": "d8bb3423e", "title": "", "text": "| Triple-net lease rental revenue resulting from acquisitions— for the year ended December 31, | Property Type | (in thousands) | Senior housing facilities | Other healthcare facilities | Total |"}
{"_id": "d8ebde7d6", "title": "", "text": "| 2009 | Less than twelve months | Fair Value | (in millions) | Fixed maturities-2 | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds-1 | Corporate securities-1 | Commercial mortgage-backed securities | Asset-backed securities | Residential mortgage-backed securities | Total | 2010 | (in millions) | Individual annuities | Group annuities | Guaranteed investment contracts and guaranteed interest accounts | Funding agreements | Interest-sensitive life contracts | Dividend accumulation and other | Total policyholders’ account balances |"}
{"_id": "d85f8abfe", "title": "", "text": "The tax benefit recognized in our consolidated financial statements is based on the amount of compensation expense recorded for book purposes.\nThe actual tax benefit realized in our tax return is based on the intrinsic value, or the excess of the market value over the exercise or purchase price, of stock options exercised and restricted stock awards vested during the period.\nThe actual tax benefit realized for the deductions taken on our tax returns from option exercises and restricted stock award vesting totaled $14.9 million in 2010, $16.3 million in 2009, and $16.9 million in 2008.\nThere was no capitalized stock-based compensation expense.\nThe stock plans provide that one restricted share is equivalent to 1.7 stock options.\nAt December 31, 2010, there were 12,375,233 shares reserved for stock award plans, including 3,225,299 shares of common stock available for future grants assuming all stock options or 1,897,235 shares available for future grants assuming all restricted shares.\nStock Options Stock options are granted with an exercise price equal to the fair market value of the underlying common stock on the date of grant.\nOur stock plans, as approved by the Board of Directors and stockholders, define fair market value as the average of the highest and lowest composite stock prices reported by the New York Stock Exchange on a given date.\nExercise provisions vary, but most options vest in whole or in part 1 to 3 years after grant and expire 7 to 10 years after grant.\nUpon grant, stock options are assigned a fair value based on the BlackScholes valuation model.\nCompensation expense is recognized on a straight-line basis over the total requisite service period, generally the total vesting period, for the entire award.\nFor stock options granted on or after"}
{"_id": "d8f194036", "title": "", "text": "| 2009 2008 2007 | Return on average assets | Return on average common equity |"}
{"_id": "d860c4fc4", "title": "", "text": "income was due primarily to the adoption of Statement of Position 03-1, \nAccounting and Reporting by Insurance Enterprises for Certain Nontraditional Long-Duration Contracts and for Separate Accounts\n (SOP 03-1), which resulted in $1.6 billion of net investment income.2003 Compared to 2002 \n Revenues for the year ended December 31, 2003 increased $2.3 billion over the comparable 2002 period.\nRevenues increased due to earned premium growth within the Business Insurance, Specialty Commercial and Personal Lines segments, primarily as a result of earned pricing increases, higher earned premiums and net investment income in the Retail Products segment and net realized capital gains in 2003 as compared to net realized capital losses in 2002.\nTotal benefits, claims and expenses increased $3.9 billion for the year ended December 31, 2003 over the comparable prior year period primarily due to the Company’s $2.6 billion asbestos reserve strengthening during the first quarter of 2003 and due to increases in the Retail Products segment associated with the growth in the individual annuity and institutional investments businesses.\nThe net loss for the year ended December 31, 2003 was primarily due to the Company’s first quarter 2003 asbestos reserve strengthening of $1.7 billion, after-tax.\nIncluded in net loss for the year ended December 31, 2003 are $40 of after-tax expense related to the settlement of litigation with Bancorp Services, LLC (“Bancorp”) and $27 of severance charges, after-tax, in Property & Casualty.\nIncluded in net income for the year ended December 31, 2002 are the $8 after-tax benefit recognized by Hartford Life, Inc.  (“HLI”) related to the reduction of HLI’s reserves associated with September 11 and $11 of after-tax expense related to litigation with Bancorp.\nNet Realized Capital Gains and Losses See “Investment Results” in the Investments section.\nIncome Taxes The effective tax rate for 2004, 2003 and 2002 was 15%, 83% and 6%, respectively.\nThe principal causes of the difference between the effective rates and the U. S.  statutory rate of 35% were tax-exempt interest earned on invested assets, the dividends-received deduction, the tax benefit associated with the settlement of the 1998-2001 IRS audit in 2004 and the tax benefit associated with the settlement of the 1996-1997 IRS audit in 2002.\nIncome taxes paid (received) in 2004, 2003 and 2002 were $32, ($107) and ($102) respectively.\nFor additional information, see Note 13 of Notes to Consolidated Financial Statements.\nPer Common Share The following table represents earnings per common share data for the past three years:"}
{"_id": "d89e3c5be", "title": "", "text": "| 2005 2004 2003 | Dividend yield | Volatility | Risk-free interest rate | Expected life (years) |"}
{"_id": "d88755be8", "title": "", "text": "| Commodity Price Increase (Decrease) Year Ended December 31, | 2011 | Crude Oil & Condensate | (Per Bbl) | United States | Equatorial Guinea | Total Consolidated Operations | Total |"}
{"_id": "d86315378", "title": "", "text": "Segment and Geographic Information The Company operates an electronic multi-party platform for the trading of fixed-income securities and provides related data, analytics, compliance tools and post-trade services.\nThe Company’s operations constitute a single business segment because of the highly integrated nature of these product and services, of the financial markets in which the Company competes and of the Company’s worldwide business activities.\nThe Company believes that results by geographic region or client sector are not necessarily meaningful in understanding its business.\nFor the years ended December 31, 2014 and 2013, the U. K.  is the only individual foreign country in which we have a subsidiary that accounted for 10% or more of the total revenues or total long-lived assets of the Company.\nRevenues and long-lived assets are attributed to geographic area based on the location of the particular subsidiary.\nLong-lived assets are defined as furniture, equipment, leasehold improvements and capitalized software .\nInformation regarding revenue for the three years ended December 31, 2014 and long-lived assets as of December 31, 2014 and 2013 follows:\nYear Ended December 31, 2014 Compared to Year Ended December 31, 2013 Overview Total ?revenues ?increased ?by ?$24.0 ?million ?or ?10.1% ?to ?$262.8 ?million ?for ?the ?year ?ended ?December ?31, ?2014 ?from ?$238.7 ?million ?for ?the ?year ?ended December?31,?2013.\n?This?increase?in?total?revenues?was?primarily?due?to?an?increase?in?commissions?of?$17.5?million?and?an?increase?in?revenue?from?information and ?post-trade ?services ?of ?$6.1 ?million.\n?The ?increase ?in ?revenue ?from ?information ?and ?post-trade ?services ?was ?primarily ?due ?to ?the ?inclusion ?in ?2014 ?of ?two additional?months?of?revenues?from?Xtrakter,?which?was?acquired?in?February?2013.\n?A?5.4%?change?in?the?foreign?currency?exchange?rates?of?the?Pound?Sterling compared?to?the?U.\nS. ?dollar?from?the?year?ended?December?31,?2013?to?the?year?ended?December?31,?2014?had?the?effect?of?increasing?revenues?by?$1.9?million.\nTotal ?expenses ?increased ?by ?$12.8 ?million ?or ?9.7% ?to ?$144.2 ?million ?for ?the ?year ?ended ?December ?31, ?2014 ?from ?$131.5 ?million ?for ?the ?year ?ended December?31,?2013.\n?This?increase?was?primarily?due?to?higher?employee?compensation?and?benefits?of?$10.6?million,?depreciation?and?amortization?of?$3.3?million, technology?and?communication?costs?of?$1.6?million?and?marketing?and?advertising?costs?of?$1.1?million,?which?were?partially?offset?by?a?decrease?in?professional and?consulting?fees?of?$3.8?million.\n??The?increase?in?expenses?reflects?the?inclusion?in?2014?of?two?additional?months?of?expenses?from?Xtrakter. ?\n?During?the?second quarter?of?2013,?we?determined?that?we?had?incorrectly?excluded?incentive?compensation?as?a?component?of?employee?compensation?eligible?for?capitalization under?our?software?development?costs?capitalization?policy. ?\n?We?recorded?this?item?as?an?out-of-period?adjustment?in?the?three?months?ended?June?30,?2013?by reducing ?employee ?compensation ?and ?benefits ?expense ?by ?$2.9 ?million ?and ?increasing ?depreciation ?and ?amortization ?expense ?by ?$1.3 ?million.\n?The ?change ?in foreign?currency?exchange?rates?had?the?effect?of?increasing?expenses?by?$1.7?million?for?the?year?ended?December?31,?2014.\n??\nIncome?before?taxes?from?continuing?operations?increased?by?$11.3?million?or?10.5%?to?$118.5?million?for?the?year?ended?December?31,?2014?from?$107.3 million?for?the?year?ended?December?31,?2013.\n?Net?income?from?continuing?operations?increased?by?$6.2?million?or?9.1%?to?$74.8?million?for?the?year?ended December?31,?2014?from?$68.6?million?for?the?year?ended?December?31,?2013.\nIn?October?2013,?we?sold?Greenline?Financial?Technologies,?Inc.\n?(“Greenline”)?for?$11.0?million?and?recognized?a?gain?on?the?sale,?net?of?a?tax?benefit,?of $7.6 ?million.\n?Greenline’s ?operating ?results ?have ?been ?classified ?as ?discontinued ?operations ?in ?our ?Consolidated ?Statement ?of ?Operations.\n?The ?net ?loss ?from discontinued?operations?for?the?year?ended?December?31,?2013?was?$0.2?million.\nRevenues Our?revenues?for?the?years?ended?December?31,?2014?and?2013,?and?the?resulting?dollar?and?percentage?changes,?were?as?follows:"}
{"_id": "d8dd8d45c", "title": "", "text": "| Accrual Non-accrual | In millions of dollars | Mortgage and real estate | Cards-1 | Installment and other |"}
{"_id": "d827ba6de", "title": "", "text": "| September 30, 2007 September 30, 2006 | (in 000's) | Net Unrealized (Loss) Gain on Securities Available for Sale, Net of Tax Effect of ($998) in 2007 | and $245 in 2006 | Net Currency Translations, Net of Tax Effect of $18,593 in 2007 and $7,285 in 2006 | Accumulated Other Comprehensive Income |"}
{"_id": "d884c6d1e", "title": "", "text": "PART II – FINANCIAL INFORMATION ITEM 8?Financial Statements and Supplementary Data NOTE?19 Share-Based Compensation Sysco provides compensation benefits to employees under several share-based payment arrangements, including various long-term employee stock incentive plans and the 2015 Employee Stock Purchase Plan (ESPP).\nStock Incentive Plans In November 2018, Sysco’s Omnibus Incentive Plan (2018 Plan) was adopted and reserved up to 51,500,000 shares of Sysco common stock for share-based awards to employees, non-employee directors and key advisors.\nOf the 51,500,000 authorized shares, the full 51,500,000 shares may be issued as options or stock appreciation rights and up to 17,500,000 shares may be issued as restricted stock, restricted stock units or other types of stock-based awards.\nTo date, Sysco has issued options, restricted stock units and performance share units under the 2018 Plan.\nVesting requirements for awards under the 2018 Plan vary by individual grant and may include either time-based vesting or time-based vesting subject to acceleration based on performance criteria for fiscal periods of at least one year.\nThe contractual life of all options granted under the 2018 Plan are and will be no greater than ten years.\nAs of June?29, 2019, there were 50,783,126 remaining shares authorized and available for grant in total under the 2018 Plan, of which the full 50,783,126 shares may be issued as options or stock appreciation rights, or as a combination of up to 16,841,942 shares that may be issued as restricted stock, restricted stock units or other types of stock-based awards, with the remainder available for issuance as options or stock appreciation rights.\nSysco has also granted employee options under several previous employee stock option plans for which previously granted options remain outstanding as of June 29, 2019.\nNo new options will be issued under any of the prior plans, as future grants to employees will be made through the 2018 Plan or subsequently adopted plans.\nAwards under these plans are subject to time-based vesting with vesting periods that vary by individual grant.\nThe contractual life of all options granted under these plans is ten years.\nSysco’s policy is to utilize treasury stock for issuing shares upon share option exercise or share unit conversion.\nPerformance Share Units During fiscal 2019 and 2018, 581,174 and 895,968 performance share units (PSUs), respectively, were granted to employees.\nBased on the jurisdiction in which the employee resides, some of these PSUs were granted with forfeitable dividend equivalents.\nThe fair value of each PSU award granted with a dividend equivalent is based on the company’s stock price as of the date of grant.\nFor PSUs granted without dividend equivalents, the fair value was reduced by the present value of expected dividends during the vesting period.\nThe weighted average grant-date fair value per performance share unit granted during fiscal 2019 and 2018 was $74.86 and $51.11, respectively.\nThe PSUs granted will vest and convert into shares of Sysco common stock at the end of the performance periods, which conclude at the end of fiscal 2021 and fiscal 2020, respectively, based on financial performance targets consisting of Sysco’s earnings per share, compound annual growth rate and adjusted return on invested capital.\nStock Options Sysco’s option awards are subject to graded vesting over a requisite service period with compensation cost recognized on a straight-line basis over the requisite service period over the duration of the award.\nIn addition, certain of Sysco’s options provide that the options continue to vest as if the optionee continued as an employee or director if the optionee meets certain age and years of service thresholds upon retirement.\nIn these cases, Sysco will recognize compensation cost for such awards over the period from the grant date to the date the employee or director first becomes eligible to retire with the options continuing to vest after retirement.\nThe fair value of each option award is estimated as of the date of grant using a Black-Scholes option pricing model.\nExpected dividend yield is estimated based on the historical pattern of dividends and the average stock price for the year preceding the option grant.\nExpected volatility is based on historical volatility of Sysco’s stock, implied volatilities from traded options on Sysco’s stock and other factors.\nThe risk-free rate for the expected term of the option is based on the U. S.  Treasury yield curve in effect at the time of grant.\nSysco utilizes historical data to estimate option exercise and employee termination behavior within the valuation model; separate groups of employees that have similar historical exercise behavior are considered separately in determining the expected life of awards for valuation purposes.\nThe weighted average assumptions discussed above are noted in the table below for relevant periods as follows:"}
{"_id": "d85e51ed6", "title": "", "text": "| Funded Pension Plans Unfunded Pension Plan Postretirement Medical Plan | 2013 | (In millions) | Change in fair value of plan assets | Balance at January 1 | Actual return on plan assets | Employer contributions | Benefit payments | Plan settlements (b) | Foreign currency exchange rate changes | Balance at December 31 | Funded status (plan assets greater (less) than benefit obligations) at December 31 | Unrecognized net actuarial (gains) losses | Net amount recognized |"}
{"_id": "d8e8c63b4", "title": "", "text": "| Years Ended December 31, | 2014 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d8a994a24", "title": "", "text": "| December 31, 2009 | (Dollars in millions) | Maximum loss exposure | On-balance sheet assets | Available-for-saledebt securities | Held-to-maturitydebt securities | Loans and leases | All other assets | Total | On-balance sheet liabilities | Commercial paper and other short-term borrowings | Total | Total assets of VIEs |"}
{"_id": "d8d8aeaa8", "title": "", "text": "Depreciation and Amortization Expense Depreciation and amortization expense increased from $188.0 million in 2003 to $224.6 million in 2004 as a result of increased capital spending associated with increased leasing, the additional basis resulting from acquisitions, development activity and the application of SFAS 141 as described below.\nThe points below highlight the significant increase in depreciation and amortization.\n● Depreciation expense on tenant improvements increased by $14.1 million.\n● Depreciation expense on buildings increased by $6.0 million.\n● Lease commission amortization increased by $2.2 million.\nThe amortization expense associated with acquired lease intangible assets increased by approximately $10.0 million.\nThe acquisitions were accounted for in accordance with SFAS 141 which requires the allocation of a portion of a property’s purchase price to intangible assets for leases acquired and in-place at the closing date of the acquisition.\nThese intangible assets are amortized over the remaining life of the leases (generally 3-5 years) as compared to the building basis portion of the acquisition, which is depreciated over 40 years."}
{"_id": "d8b8902b2", "title": "", "text": "| Year ended December 31, | 2005 | (in millions) | Operating results: | Revenues | Expenses | Adjusted operating income | Realized investment gains (losses), net(1) | Related charges-2 | Income (loss) from continuing operations before income taxes, extraordinary gain on acquisition and cumulative effect of accountingchange |"}
{"_id": "d8a8e9a16", "title": "", "text": "9.\nEarnings Per Share Basic earnings per share is calculated by dividing income available to common shareholders by the weighted-average number of shares of common stock outstanding during each period.\nDiluted earnings per share (diluted EPS) is calculated using income available to common shareholders divided by diluted weightedaverage shares of common stock outstanding during each period.\nPotentially dilutive securities include shares of common stock underlying stock options, SOSARs and non-vested stock awards.\nDiluted EPS considers the impact of potentially dilutive securities except in periods in which there is a loss because the inclusion of the potential common shares would have an anti-dilutive effect.\nSOSARs to purchase 240, 340 and 532 shares of common stock were excluded from the calculation of 2011, 2010 and 2009 diluted EPS, respectively, because they were anti-dilutive.\nIn addition, 224, 60 and 119 stock awards subject to performance conditions were excluded from the 2011, 2010 and 2009 calculations of diluted EPS.\nThe following table sets forth the computations of basic and dilutive earnings per share:"}
{"_id": "d873acb14", "title": "", "text": "| ($ in millions) 2008 2007 2006 | Sales-1 | Impairment write-downs-2 | Change in intent write-downs-1(3) | Valuation of derivative instruments | EMA LP income-4 | Settlements of derivative instruments | Realized capital gains and losses, pre-tax | Income tax benefit | Realized capital gains and losses, after-tax |"}
{"_id": "d89710f24", "title": "", "text": "| December 31 | (Dollars in millions) | U.S. Dollar | Euros | Japanese Yen | British Pound | Australian Dollar | Canadian Dollar | Swiss Franc | Other | Total long-term debt |"}
{"_id": "d87a98770", "title": "", "text": "| Three Months Ended | Dec. 31, 2017 | (Unaudited, in thousands) | Reconciliation of Net Income (Loss) to Adjusted EBITDA: | Net income (loss) | Stock-based compensation expense | Depreciation and amortization expense | Interest and other expense, net | Provision for income taxes | Restructuring charges and one-time nonrecurring gain | Adjusted EBITDA |"}
{"_id": "d879140de", "title": "", "text": "Credit Exposure The Companies are exposed to credit risk related to transactions entered into primarily for the various energy supply and hedging activities by the Utilities and the competitive energy businesses.\nThe Companies use credit policies to manage this risk, including an established credit approval process, monitoring of counterparty limits, netting provisions within agreements, collateral or prepayment arrangements, credit insurance and credit default swaps.\nAt December 31, 2012, Con Edison and CECONY had $113 million and $19 million of credit exposure in connection with energy supply and hedging activities, net of collateral, respectively.\nCon Edisons net credit exposure consisted of $41 million with investment-grade counterparties, $41 million with commodity exchange brokers, $28 million with independent system operators and $3 million with noninvestment grade/non-rated counterparties.\nCECONYs net credit exposure consisted of $1 million with investment-grade counterparties and $18 million with commodity exchange brokers."}
{"_id": "d8f72f202", "title": "", "text": "11.\nAccumulated Other Comprehensive Income (Loss) The components of accumulated other comprehensive income (loss) are as follows (in millions):"}
{"_id": "d886a0fd6", "title": "", "text": "| At December 31, 2004 At December 31, 2003 | Amortized  Cost | (In millions) | Due in one year or less | Due after one year through five years | Due after five years through ten years | Due after ten years | Total | Mortgage and asset backed securities | Total |"}
{"_id": "d893b472c", "title": "", "text": "| Fiscal year DefinedBenefit Plans Post-RetirementBenefit Plans | In millions | 2020 | 2021 | 2022 | 2023 | 2024 | Next five fiscal years to October 31, 2029 |"}
{"_id": "d828efb58", "title": "", "text": "In January 2012, the Company received a ¬23,789 assessment from the Belgian tax authority related to its year ended December 31, 2008, asserting that the Company had understated its Belgian taxable income for that year.\nThe Company filed a formal protest in the first quarter of 2012 refuting the Belgian tax authority¡¯s position.\nThe Belgian tax authority set aside the assessment in the third quarter of 2012 and refunded all related deposits, including interest income of ¬1,583 earned on such deposits.\nHowever, on October 23, 2012, the Belgian tax authority notified the Company of its intent to increase the Company¡¯s taxable income for the year ended December 31, 2008 under a revised theory.\nHowever, on December 28, 2012, the Belgian tax authority issued assessments for the years ended December 31, 2005 and December 31, 2009, in the amounts of ¬46,135 and ¬35,567, respectively, including penalties, but excluding interest.\nThe Company filed a formal protest during the first quarter of 2013 relating to the new assessments.\nIn September 2013, the Belgian tax authority denied the Company¡¯s protests, and the Company has brought these two years before the Court of First Instance in Bruges.\nIn December 2013, the Belgian tax authority issued additional assessments related to the years ended December 31, 2006, 2007, and 2010, in the amounts of ¬38,817, ¬39,635, and ¬43,117, respectively, including penalties, but excluding interest.\nThe Company filed formal protests during the first quarter of 2014, refuting the Belgian tax authority¡¯s position for each of the years assessed.\nIn the quarter ended June 28, 2014, the Company received a formal assessment for the year ended December 31, 2008, totaling ¬30,131, against which the Company also submitted its formal protest.\nAll 4 additional years have been brought before the Court of First Appeal in November 2014.\nIn January of 2015, the Company met with the Court of First Appeal in Bruges and agreed with the Belgium tax authorities to consolidate and argue the issues regarding the years 2005 and 2009, and apply the ruling to all of the open years (to the extent there are no additional facts/procedural arguments in the other years).\nThe Company continues to disagree with the views of the Belgian tax authority on this matter and will persist in its vigorous defense.\nAlthough there can be no assurances, the Company believes the ultimate outcome of these actions will not have a material adverse effect on its financial condition but could have a material adverse effect on its results of operations, liquidity or cash flows in a given quarter or year."}
{"_id": "d8609ed92", "title": "", "text": "| In millions December 31 2009 December 31 2008 | Commercial | Commercial real estate | Consumer | Residential real estate | Equipment lease financing | Total loans | In millions | Commercial and commercial real estate | Home equity lines of credit | Consumer credit card and other unsecured lines | Other | Total |"}
{"_id": "d878829ae", "title": "", "text": "| 12/28/2013 1/3/2015 1/2/2016 12/31/2016 12/30/2017 12/29/2018 | Cadence Design Systems, Inc. | Nasdaq Composite | S&P 500 | S&P 500 Information Technology |"}
{"_id": "d8c9a78de", "title": "", "text": "| Net Sales Orders -1 Fiscal Year Ended September 30, | Net Homes Sold | 2012 | East | Midwest | Southeast | South Central | Southwest | West | 21,048 | Sales Order Cancellations Fiscal Year Ended September 30, | Cancelled Sales Orders | 2012 | East | Midwest | Southeast | South Central | Southwest | West | 6,657 |"}
{"_id": "d838e404a", "title": "", "text": "| December 31, Annual Maturities  (in millions) | 2011 | 2012 | 2013 | 2014 | 2015 | Thereafter | Total non-recourse debt | December 31, 2011 | Carrying Value | (In millions) | FirstEnergy-1 | FES | OE | CEI | TE | JCP&L | Met-Ed | Penelec |"}
{"_id": "d8f1fed3c", "title": "", "text": "| (in millions of U.S. dollars, except for percentages) 2010 2009 | Short-term debt | Long-term debt | Total debt | Trust preferred securities | Total shareholders’ equity | Total capitalization | Ratio of debt to total capitalization | Ratio of debt plus trust preferred securities to total capitalization |"}
{"_id": "d8192290a", "title": "", "text": "Acquisition, integration, realignment and other expenses for 2009 were $75.3 million compared to $68.5 million in 2008.\nDuring 2009, we initiated a workforce realignment, which included the elimination of positions in some areas and increases in others to support long-term growth.\nAs a result of this realignment and headcount reductions from acquisitions, we incurred approximately $19.0 million of severance and termination-related expenses.\nOther items in acquisition, integration, realignment and other expenses in 2009 included approximately $9.4 million of expenses related to contract termination costs, $23.4 million of certain litigation matters that were recognized during the period and various costs incurred to integrate the Abbott Spine business acquired in the fourth quarter of 2008.\nIncluded in acquisition, integration, realignment and other expenses in 2008 was $38.5 million of in-process research and development related to the Abbott Spine acquisition and other costs related to the integration of Abbott Spine.\nSee Note 2 to the consolidated financial statements for a more complete description of these charges.\nWe recognized a net curtailment and settlement gain of $32.1 million during 2009 related to amending our U. S.  and Puerto Rico postretirement benefit plans.\nFor more information regarding the net curtailment and settlement gain, see Note 12 to the consolidated financial statements.\nOperating Profit, Income Taxes and Net Earnings Operating profit for 2009 decreased 7 percent to $1,018.8 million from $1,090.0 million in 2008.\nThe decrease in operating profit is due to higher operating expenses, most notably the goodwill impairment charge.\nInterest and other expense for 2009 increased to $20.6 million compared to income of $31.8 million in 2008.\nInterest and other income in 2008 included a realized gain of $38.8 million related to the sale of certain marketable securities.\nInterest expense increased in the 2009 period as the result of increased long-term debt used to partially fund the Abbott Spine acquisition and the $1.0 billion senior notes offering during 2009.\nThe effective tax rate on earnings before income taxes increased to 28.1 percent for 2009, up from 24.3 percent in 2008.\nThe effective tax rate for 2009 is negatively impacted by the goodwill impairment charge of $73.0 million recorded during 2009 for which no tax benefit was recorded.\nThe effective tax rate for 2008 includes the impact of a current tax benefit of $31.7 million related to the 2007 settlement expense, resulting in a decrease of approximately 3 percent in the 2008 effective tax rate.\nThis impact on the 2008 effective tax rate was partially offset by Abbott Spine acquisitionrelated in-process research and development charges recorded during 2008 for which no tax benefit was recorded.\nThese discrete items account for the majority of the change in our effective tax rate year-over-year.\nNet earnings decreased 15 percent to $717.4 million for 2009, compared to $848.6 million in 2008, as a result of decreased operating profit, increased interest expense and an increased effective tax rate.\nBasic earnings per share in 2009 decreased 10 percent to $3.34 from $3.73 in 2008.\nDiluted earnings per share decreased 11 percent to $3.32 from $3.72 in 2008.\nThe disproportional change in earnings per share as compared to net earnings is attributed to the effect of 2009 and 2008 share repurchases."}
{"_id": "d8c1a8890", "title": "", "text": "| Period Total Number ofShares Purchased Average PricePaid PerShare Total Number of SharesPurchased as Part ofPublicly AnnouncedProgram-1 Maximum Number ofShares That May Yet BePurchased Under theProgram-2 | October | November | December |"}
{"_id": "d89be1076", "title": "", "text": "| Years Ended December 31, | 2011 | Revenue: | Rig Technology | Petroleum Services & Supplies | Distribution & Transmission | Eliminations | Total Revenue |"}
{"_id": "d87b64280", "title": "", "text": "Average interest-earning assets increased 6% to $43.3 billion for the year ended December 31, 2016, compared to the same period in 2015.\nThe fluctuation in interest-earning assets is generally driven by changes in interest-bearing liabilities, primarily deposits and customer payables.\nAverage interest-bearing liabilities increased 6% to $41.3 billion for the year ended December 31, 2016, compared to the same period in 2015.\nThe increase was primarily due to increased deposits as a result of transferring customer cash held by third parties to our balance sheet, partially offset by the termination of our legacy wholesale funding obligations during 2015.\nFor additional information on our balance sheet growth and customer cash held by third parties, see Balance Sheet Overview.\nNet interest margin increased 15 basis points to 2.65% for the year ended December 31, 2016, compared to the same period in 2015.\nNet interest margin is driven by the mix of asset and liability average balances and the interest rates earned or paid on those balances.\nThe increase was primarily due to lower borrowing costs resulting from the termination of legacy wholesale funding obligations during 2015.\nThe increase was partially offset by lower rates earned on reinvesting funds in securities as our legacy loan portfolio continues to pay down.\nMargin balances also decreased 16% for the year ended December 31, 2016, compared to the same period in 2015; however, the impact of the margin receivables decrease was partially offset by increased rates earned on margin due to the increase in market interest rates and changes in customer mix."}
{"_id": "d8f6b5b3c", "title": "", "text": "| Year Ended December 31, | 2007 | (In thousands) | Net cash provided by operating activities | Net cash (used in) provided by investing activities | Net cash (used in) provided by financing activities | Effect of exchange rate changes on cash | Net (decrease) increase for the period |"}
{"_id": "d87e41e08", "title": "", "text": "| In millions U.S. Plans 2012 Non- U.S. Plans U.S. Plans 2011 Non- U.S. Plans U.S. Plans 2010 Non- U.S. Plans | Service cost | Interest cost | Expected return on plan assets | Actuarial loss / (gain) | Amortization of prior service cost | Curtailment gain | Settlement gain | Net periodic pension expense |"}
{"_id": "d8d1371a8", "title": "", "text": "Interest Expense—Interest expense was $498 in 2015 compared with $473 in 2014.\nThe increase of $25, or 5%, was primarily due to an 8% higher average debt level, somewhat offset by the absence of fees paid associated with the execution and termination of a 364-day senior unsecured bridge term loan facility related to the then-planned acquisition of Firth Rixson ($13—see Engineered Products and Solutions in Segment Information below).\nThe higher average debt level was mostly attributable to higher outstanding long-term debt due to the September 2014 issuance of $1,250 in 5.125% Notes, the proceeds of which were used to pay a portion of the purchase price of the Firth Rixson acquisition.\nInterest expense was $473 in 2014 compared with $453 in 2013.\nThe increase of $20, or 4%, was principally caused by lower capitalized interest ($43), largely due to the progress completed at the aluminum complex in Saudi Arabia, and fees paid associated with the execution and termination of a 364-day senior unsecured bridge term loan facility related to the then-planned acquisition of Firth Rixson ($13—see Engineered Products and Solutions in Segment Information below).\nThese items were partially offset by a 3% lower average debt level and lower amortization of debt-related costs\nReconciliation of income (loss) from continuing operations, net of income tax, to operating earnings available to common shareholders Year Ended December 31, 2015"}
{"_id": "d8125cd82", "title": "", "text": "The Company’s purchased intangible assets other than goodwill are subject to amortization on a straight-line basis over an aggregate weighted-average period of 40 years.\nRemaining unamortized intangible assets consist principally of amounts pertaining to nuclear-powered aircraft carrier and submarine intangibles whose useful lives have been estimated based on the long life cycle of the related programs.\nAmortization expense for the years ended December 31, 2011, 2010 and 2009, was $20 million, $23 million and $30 million, respectively."}
{"_id": "d89aa956e", "title": "", "text": "| Price Collar Contracts | Floor Price | Weighted | Floor | Volume | Period | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | 2008 Average |"}
{"_id": "d8d059646", "title": "", "text": "| Years Ended December 31, | 2012 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d8cdeb210", "title": "", "text": "| October 29, 2011 October 30, 2010 | Fair value of forward exchange contracts asset | Fair value of forward exchange contracts after a 10% unfavorable movement in foreign currency exchange rates asset | Fair value of forward exchange contracts after a 10% favorable movement in foreign currency exchange rates liability |"}
{"_id": "d8c868ec8", "title": "", "text": "| Year Ended September 30, | 2016 | (In millions, except per share data) | Operating Data: | Revenues: | Homebuilding | Financial Services | Inventory and land option charges | Gross profit — Homebuilding | Income before income taxes: | Homebuilding -1 | Financial Services and other -1 | Income tax expense (benefit) (2) | Net income | Net income per share: | Basic | Diluted | Cash dividends declared per common share |"}
{"_id": "d86afc294", "title": "", "text": "| Year ended December 31, | 2016 | (in millions) | Revenues | Benefits and expenses | Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures | Income tax expense (benefit) | Income (loss) from continuing operations before equity in earnings of operating joint ventures | Equity in earnings of operating joint ventures, net of taxes | Income (loss) from continuing operations | Income (loss) from discontinued operations, net of taxes | Net income (loss) | Less: Income attributable to noncontrolling interests | Net income (loss) attributable to Prudential Financial, Inc. |"}
{"_id": "d8ae81500", "title": "", "text": "| Fair Value Impact | In Millions | Interest rate instruments | Foreign currency instruments | Commodity instruments | Equity instruments | December 31, 2015 | TotalFacility | Cash, cash equivalents and marketable securities | Committed credit agreement | Uncommitted credit arrangements | 2015 Impairment Test | Reporting Unit | A | B | C | D |"}
{"_id": "d8d62fe94", "title": "", "text": "| Jurisdiction Years | United States | California | Louisiana | Mississippi | Virginia |"}
{"_id": "d8957e62a", "title": "", "text": "| As of | (in millions) | Derivative Assets: | Designated Hedging Instruments | Currency hedge contracts | Currency hedge contracts | 163 | Non-Designated Hedging Instruments | Currency hedge contracts | Total Derivative Assets | Derivative Liabilities: | Designated Hedging Instruments | Currency hedge contracts | Currency hedge contracts | 7 | Non-Designated Hedging Instruments | Currency hedge contracts | Total Derivative Liabilities |"}
{"_id": "d83ac865e", "title": "", "text": "Legal Matters In the normal course of business, we are involved in various legal proceedings, and subject to investigations, inspections, audits, inquiries and similar actions by governmental authorities.\nThe types of allegations that arise in connection with such legal proceedings vary in nature, but can include claims related to contract, employment, tax and intellectual property matters.\nWe evaluate all cases each reporting period and record liabilities for losses from legal proceedings when we determine that it is probable that the outcome in a legal proceeding will be unfavorable and the amount, or potential range, of loss can be reasonably estimated.\nIn certain cases, we cannot reasonably estimate the potential loss because, for example, the litigation is in its early stages.\nWhile any outcome related to litigation or such governmental proceedings in which we are involved cannot be predicted with certainty, management believes that the outcome of these matters, individually and in the aggregate, will not have a material adverse effect on our financial condition, results of operations or cash flows.\nAs previously disclosed, on April 10, 2015, a federal judge in Brazil authorized the search of the records of an agency’s offices in S?o Paulo and Brasilia, in connection with an ongoing investigation by Brazilian authorities involving payments potentially connected to local government contracts.\nThe Company had previously investigated the matter and taken a number of remedial and disciplinary actions.\nThe Company is in the process of concluding a settlement related to these matters with government agencies.\nThe Company confirmed that one of its standalone domestic agencies has been contacted by the Department of Justice Antitrust Division for documents regarding video production practices and is cooperating with the government."}
{"_id": "d8bec3d50", "title": "", "text": "FAIR VALUE MEASUREMENTS In addition to the following, see Note 7 Fair Value in the Notes To Consolidated Financial Statements in Item 8 of this Report for further information regarding fair value.\nThe following table summarizes the assets and liabilities measured at fair value on a recurring basis at December 31, 2015 and December 31, 2014, respectively, and the portions of such assets and liabilities that are classified within Level 3 of the valuation hierarchy.\nLevel 3 assets and liabilities are those where the fair value is estimated using significant unobservable inputs.\nTable 20: Fair Value Measurements  Summary"}
{"_id": "d8b6053ee", "title": "", "text": "Our Asset Management segment pretax operating earnings, which exclude net realized gains or losses and integration and restructuring charges, increased $158 million, or 28%, to $715 million for the year ended December 31, 2013 compared to $557 million for the prior year reflecting equity market appreciation, a $30 million gain on the sale of Threadneedle’s strategic business investment in Cofunds, a $19 million benefit from a CDO unwind, continued revenue enhancements related to various pricing adjustments and expense re-engineering, partially offset by the impact of net outflows.\nNet Revenues Net revenues, which exclude net realized gains or losses, increased $278 million, or 10%, to $3.2 billion for the year ended December 31, 2013 compared to $2.9 billion for the prior year driven by increases in management and financial advice fees and net investment income.\nManagement and financial advice fees increased $223 million, or 9%, to $2.6 billion for the year ended December 31, 2013 compared to $2.4 billion for the prior year due to an increase in assets under management, as well as a shift to higher fee retail assets at Threadneedle, revenue enhancements related to various pricing adjustments and $17 million of performance based incentive fees on a CDO unwind.\nAverage assets under management increased 4% compared to the prior year driven by equity market appreciation, partially offset by net outflows.\nSee our discussion above on the changes in assets under management.\nNet investment income, which excludes net realized gains or losses, increased $35 million to $54 million for the year ended December 31, 2013 compared to $19 million for the prior year due to a $30 million gain on the sale of Threadneedle’s strategic business investment in Cofunds, as well as a $10 million gain on a CDO unwind related to our residual interest in the CDO.\nExpenses Total expenses, which exclude integration and restructuring charges, increased $120 million, or 5%, to $2.5 billion for the year ended December 31, 2013 compared to $2.3 billion for the prior year primarily due to an $86 million increase in distribution expenses driven by higher retail fund assets and a $33 million increase in general and administrative expense driven by higher performance-based compensation, including $8 million of higher compensation related to a CDO unwind, and investments in the business, partially offset by re-engineering benefits."}
{"_id": "d891682e8", "title": "", "text": "| December 31, | 2009 | Balance at beginning of period | Increases as a result of tax positions taken during a prior year | Decreases as a result of tax positions taken during a prior year | Settlements with taxing authorities | Lapse of statutes of limitation | Increases as a result of tax positions taken during the current year | Balance at end of period | Years ended December 31, | 2009 | Reported in comprehensive income | Unrealized gains | Unrealized losses | Reported in other income, net | Realized gains | Realized losses | Domestic Pension Plans | Years ended December 31, | Service cost | Interest cost | Expected return on plan assets | Curtailment gains | Settlement losses (gains) | Amortization of: | Transition obligation | Prior service cost (credit) | Unrecognized actuarial losses | Net periodic cost |"}
{"_id": "d8a522c8e", "title": "", "text": "| 2014 2013* 2012* | Purchases | Excess cash flow and borrowings | Option proceeds | Total |"}
{"_id": "d8a7f552e", "title": "", "text": "Items selected for fair-value accounting in accordance with SFAS 155 and SFAS 156 Certain hybrid financial instruments The Company has elected to apply fair-value accounting under SFAS 155 for certain hybrid financial assets and liabilities whose performance is linked to risks other than interest rate, foreign exchange or inflation (e. g. , equity, credit or commodity risks).\nIn addition, the Company has elected fair-value accounting under SFAS 155 for residual interests retained from securitizing certain financial assets.\nThe Company has elected fair-value accounting for these instruments because these exposures are considered to be trading-related positions and, therefore, are managed on a fair-value basis.\nIn addition, the accounting for these instruments is simplified under a fair-value approach as it eliminates the complicated operational requirements of bifurcating the embedded derivatives from the host contracts and accounting for each separately.\nThe hybrid financial instruments are classified as Trading account assets, Loans, Deposits, Trading account liabilities (for prepaid derivatives), Short-term borrowings or Long-Term Debt on the Companys Consolidated Balance Sheet according to their legal form, while residual interests in certain securitizations are classified as Trading account assets.\nFor hybrid financial instruments for which fair-value accounting has been elected under SFAS 155 and that are classified as Long-term debt, the aggregate unpaid principal exceeds the aggregate fair value by $1.9 billion as of December 31, 2008, while the aggregate fair value exceeds the aggregate unpaid principal balance by $460 million as of December 31, 2007.\nThe difference for those instruments classified as Loans is immaterial.\nChanges in fair value for hybrid financial instruments, which in most cases includes a component for accrued interest, are recorded in Principal transactions in the Companys Consolidated Statement of Income.\nInterest accruals for certain hybrid instruments classified as trading assets are recorded separately from the change in fair value as Interest revenue in the Companys Consolidated Statement of Income."}
{"_id": "d871e158c", "title": "", "text": "| 2010 2009 | Gross   Book Value | Technology/Technical Know-How | Tradenames | Customer Relationships | Other | $5,865 |"}
{"_id": "d8e3d6be2", "title": "", "text": "| Net Investment Gains (Losses) Net Investment Income -1 Policyholder Benefits and Claims -2 Other Revenues -3 Other Expenses -4 | (In millions) | For the Year Ended December 31, 2009: | Interest rate swaps | Interest rate floors | Interest rate caps | Interest rate futures | Equity futures | Foreign currency swaps | Foreign currency forwards | Currency options | Equity options | Interest rate options | Interest rate forwards | Variance swaps | Swap spreadlocks | Credit default swaps | Total rate of return swaps | Total | For the Year Ended December 31, 2008 | For the Year Ended December 31, 2007 | 2017 vs. 2016 Increase (decrease)due to change in: | In millions of dollars | Deposits with banks-4 | Federal funds sold and securities borrowed orpurchased under agreements to resell | In U.S. offices | In offices outside the U.S.-4 | Total | Trading account assets-5 | In U.S. offices | In offices outside the U.S.-4 | Total | Investments-1 | In U.S. offices | In offices outside the U.S.-4 | Total | Loans (net of unearned income)(6) | In U.S. offices | In offices outside the U.S.-4 | Total | Other interest-earning assets-7 | Total interest revenue |"}
{"_id": "d8d3a9b5c", "title": "", "text": "Liquidity and Capital Resources At September 30, 2006 we had approximately $115.7 million of working capital.\nAt that date our cash and cash equivalents totaled $29.9 million.\nOur cash and cash equivalents balance decreased $84.1 million during fiscal 2006 primarily due to the use of $27.6 million in cash for the acquisition of the mammography intellectual property of Fischer Imaging, cash for the acquisition of AEG and related fees and expenses of $21.9 million net of cash acquired, cash for the acquisition of R2 and related fees and expenses of $13.4 million net of cash acquired, cash to acquire Suros and related fees and expenses of $136.5 million net of cash acquired and for the purchase of property and equipment of $13 million.\nThese uses of cash were partially offset by cash provided by financing and operating activities and the sale of intellectual property for $6.5 million.\nOur operating activities provided us with $31.1 million of cash, which included net income of $27.4 million for fiscal 2006 increased by non-cash charges for depreciation and amortization of an aggregate $16.1 million, and the acquired in-process research and development charge of $19.9 million related to the Fischer, AEG, R2 and Suros acquisitions, which were partially offset by the $27.9 million tax benefit related to the exercise of non-qualified stock options.\nCash used by operations due to changes in our current assets and liabilities included an increase in inventory of $23.0 million and accounts receivable of $9.5 million.\nThese uses of cash were partially offset by an increase in accrued expenses of $14.5 million, an increase in deferred revenue of $10.5 million, and an increase in accounts payable of $3.9 million.\nThe increase in inventory was to support the increased sales volume, especially for digital mammography and in support of our domestic distribution of a new line of a third party extremity MRI system as well as an increase in amounts related to our newly acquired businesses.\nThe increase in accounts receivable was primarily due to the increased revenues during fiscal 2006.\nThe increase in deferred revenue was primarily due to an increase in the number of deferred service contracts for our core business as well as an increase in amounts related to our newly acquired businesses.\nThe increase in accrued expenses and accounts payable was due to increased expenditures to support our growing inventory and expenses as well as increase in amounts related to our newly acquired businesses."}
{"_id": "d8f1b621c", "title": "", "text": "| Years Ended December 31, | (Dollars inmillions) | 2012 | Attritional | Catastrophes | A&E | Total segment | 2011 | Attritional | Catastrophes | A&E | Total segment | 2010 | Attritional | Catastrophes | A&E | Total segment | Variance 2012/2011 | Attritional | Catastrophes | A&E | Total segment | Variance 2011/2010 | Attritional | Catastrophes | A&E | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8628744c", "title": "", "text": "| December 31, 2010  Debt Service Coverage Ratio | Greater than 2.0x | Loan-to-Value Ratio | 0%—49.99% | 50%—59.99% | 60%—69.99% | 70%—79.99% | 80%—89.99% | 90%—100% | Greater than 100% | Total commercial and agricultural mortgage loans | December 31, 2010  Debt Service Coverage Ratio | Greater than 2.0x | Loan-to-Value Ratio | 0%—49.99% | 50%—59.99% | 60%—69.99% | 70%—79.99% | 80%—89.99% | 90%—100% | Greater than 100% | Total commercial and agricultural mortgage loans |"}
{"_id": "d8b39b22a", "title": "", "text": "| $ in millions Specific Portfolio PCI Total | As of December 2018 | Loans Receivable | Corporate loans | PWM loans | Commercial real estate loans | Residential real estate loans | Consumer loans | Other loans | Total | Lending Commitments | Corporate | Other | Total | As of December 2017 | Loans Receivable | Corporate loans | PWM loans | Commercial real estate loans | Residential real estate loans | Consumer loans | Other loans | Total | Lending Commitments | Corporate | Other | Total |"}
{"_id": "d8b605330", "title": "", "text": "Inventory quantities are tracked through a perpetual inventory system.\nThe Company completes physical inventories and other targeted inventory counts in its store locations to ensure the accuracy of the perpetual inventory quantities of merchandise and core inventory.\nIn its distribution centers and branches, the Company uses a cycle counting program to ensure the accuracy of the perpetual inventory quantities of merchandise and product core inventory.\nReserves for estimated shrink are established based on the results of physical inventories conducted by the Company and other targeted inventory counts in its stores, results from recent cycle counts in its distribution facilities and historical and current loss trends.\nThe Company also establishes reserves for potentially excess and obsolete inventories based on (i) current inventory levels, (ii) the historical analysis of product sales and (iii) current market conditions.\nThe Company has return rights with many of its vendors and the majority of excess inventory is returned to its vendors for full credit.\nIn certain situations, the Company establishes reserves when less than full credit is expected from a vendor or when liquidating product will result in retail prices below recorded costs."}
{"_id": "d8d66fb52", "title": "", "text": "| 2012 2011 | Indefinite-life intangible asset—Pullmantur trademarks and trade names | Impairment charge | Foreign currency translation adjustment | Total |"}
{"_id": "d86afc1c2", "title": "", "text": "In order to capitalize on the growth opportunities in our domestic and international markets highlighted above, we continue to make investments in and across our businesses.\nWe are investing in expanding our distribution capabilities through a focus on customer experience and technology enabled advice and distribution, cross-business collaboration, further development of work site relationships with individuals and expanding our ability to offer relevant products and services to customers through whichever channels they choose.\nWe are also investing in product innovation, through the use of data and digital initiatives to better understand and serve the needs of a customer base with changing demographics, to achieve a goal of offering a broader array of cost effective and easily comprehensible products.\nIn addition, we are making investments in our information technology infrastructure in order to streamline processes and enhance the effectiveness of our administrative systems.\nWhile we expect these strategic investments to ultimately generate business growth, they will result in elevated expenses in the nearterm.\nIn addition, we expect the time periods required for these investments to generate returns to vary.\nThese investments are being funded through a combination of operating cost efficiencies and the returns generated by our businesses, and we expect to be able to continue to absorb some of these investment costs through efficiency gains."}
{"_id": "d87981c7e", "title": "", "text": "| Pre-Tax Earnings Impact | (in millions) | Instruments sensitive to: | Foreign currency rates | Fair Value Impact | (in millions) | Instruments sensitive to: | Interest rates | Pre-Tax Earnings Impact | (in millions) | Instruments sensitive to: | Foreign currency rates | Fair Value Impact | (in millions) | Instruments sensitive to: | Interest rates |"}
{"_id": "d8a7893f6", "title": "", "text": "| Years Ended December 31, 2012/2011 2011/2010 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8ef54abe", "title": "", "text": "| Short-term debt Senior long-term debt | Moody’s | JPMorgan Chase & Co. | JPMorgan Chase Bank, N.A. | Chase Bank USA, N.A. |"}
{"_id": "d8f8cb3f4", "title": "", "text": "| Percent Change | (millions) | Reported GAAP operating income | Special (gains) and charges | Non-GAAP adjusted operating income | Effect of foreign currency translation | Non-GAAP adjusted fixed currency operating income | (percent) | Reported GAAP operating income margin | Non-GAAP adjusted operating income margin | Non-GAAP adjusted fixed currency | operating income margin |"}
{"_id": "d8a71de8a", "title": "", "text": "| (Amounts in millions)­ 2007 2006 | Cash and cash equivalents | Accounts receivable – net of allowances | Inventories | Other current assets | Total current assets | Accounts payable | Notes payable and current maturities of long-term debt | Other current liabilities | Total current liabilities | Total working capital |"}
{"_id": "d8f0dc4fe", "title": "", "text": "| Year Ended December 31, | 2010 | (In $ millions) | Income tax provision computed at US federal statutory tax rate | Change in valuation allowance | Equity income and dividends | (Income) expense not resulting in tax impact | US tax effect of foreign earnings and dividends | Other foreign tax rate differentials-1 | Legislative changes | Tax-deductible interest on foreign equity investments and other related items | State income taxes and other | Income tax provision (benefit) |"}
{"_id": "d8ba46d90", "title": "", "text": "Other Commodity Risk We are impacted by basis risk, caused by factors that affect the relationship between commodity futures prices reflected in derivative commodity instruments and the cash market price of the underlying commodity.\nNatural gas transaction prices are frequently based on industry reference prices that may vary from prices experienced in local markets.\nFor example, New York Mercantile Exchange (NYMEX) contracts for natural gas are priced at Louisianas Henry Hub, while the underlying quantities of natural gas may be produced and sold in the western United States at prices that do not move in strict correlation with NYMEX prices.\nIf commodity price changes in one region are not reflected in other regions, derivative commodity instruments may no longer provide the expected hedge, resulting in increased exposure to basis risk.\nThese regional price differences could yield favorable or unfavorable results.\nOTC transactions are being used to manage exposure to a portion of basis risk.\nWe are impacted by liquidity risk, caused by timing delays in liquidating contract positions due to a potential inability to identify a counterparty willing to accept an offsetting position.\nDue to the large number of active participants, liquidity risk exposure is relatively low for exchange-traded transactions."}
{"_id": "d8f0dc5bc", "title": "", "text": "| For the Year 2010 | Life | Distribution Channel | United American Independent | Liberty National Exclusive | American Income Exclusive | Direct Response | Medicare Part D | Other | $1,663,699 | For the Year 2009 | Life | Distribution Channel | United American Independent | Liberty National Exclusive | American Income Exclusive | Direct Response | Medicare Part D | Other | $1,591,853 | For the Year 2008 | Life | Distribution Channel | United American Independent | Liberty National Exclusive | American Income Exclusive | Direct Response | Medicare Part D | Other | $1,544,219 |"}
{"_id": "d8d6f43f2", "title": "", "text": "CF INDUSTRIES HOLDINGS, INC.  116 15.\nDerivative Financial Instruments We use derivative financial instruments to reduce our exposure to changes in commodity prices and foreign currency exchange rates.\nCommodity Price Risk Management Natural gas is the largest and most volatile component of the manufacturing cost for nitrogen-based products.\nWe manage the risk of changes in natural gas prices primarily through the use of derivative financial instruments.\nThe derivatives that we use for this purpose are primarily natural gas fixed price swaps and natural gas options traded in the OTC markets.\nThese natural gas derivatives settle using primarily a NYMEX futures price index, which represents the basis for fair value at any given time.\nWe enter into natural gas derivative contracts with respect to natural gas to be consumed by us in the future, and settlements of those derivative contracts are scheduled to coincide with our anticipated purchases of natural gas used to manufacture nitrogen products during those future periods.\nWe use natural gas derivatives as an economic hedge of natural gas price risk, but without the application of hedge accounting.\nAs a result, changes in fair value of these contracts are recognized in earnings.\nAs of December 31, 2016, we have natural gas derivative contracts covering periods through the end of 2018.\nAs of December 31, 2016 and 2015, we had open natural gas derivative contracts for 183.0 million MMBtus and 431.5 million MMBtus, respectively.\nFor the year ended December 31, 2016, we used derivatives to cover approximately 84% of our natural gas consumption.\nForeign Currency Exchange Rates A portion of the costs for our capacity expansion projects at our Donaldsonville, Louisiana complex and Port Neal, Iowa complex were euro-denominated.\nIn order to manage our exposure to changes in the euro to U. S.  dollar currency exchange rates, we hedged our projected euro-denominated payments through the end of 2016 using foreign currency forward contracts.\nAs of December 31, 2015, the notional amount of our open foreign currency derivatives was €89 million.\nNone of these open foreign currency derivatives were designated as hedging instruments for accounting purposes.\nAll of these foreign currency derivatives settled in 2016.\nAs of December 31, 2016, accumulated other comprehensive loss (AOCL) includes $7 million of pre-tax gains related to the foreign currency derivatives that were originally designated as cash flow hedges.\nThe hedges were de-designated as of December 31, 2013.\nThe remaining balance in AOCL is being reclassified into income over the depreciable lives of the property, plant and equipment associated with the capacity expansion projects.\nThe amounts reclassified into income from AOCL during the years ended December 31, 2016, 2015 and 2014 were zero, zero and $3 million, respectively, and are included in other operating¡ªnet in our consolidated statements of operations.\nWe expect that the amounts to be reclassified within the next twelve months will be insignificant.\nDuring the years ended December 31, 2016, 2015, and 2014, none of our derivatives were designated as hedges and no gain or loss was recognized in income or AOCL related to derivatives designated as cash flow hedges except for the amounts recognized in income, which were reclassified from AOCL, as discussed above.\nThe effect of derivatives in our consolidated statements of operations is shown in the table below:"}
{"_id": "d89788f60", "title": "", "text": "| December 31, 2009 December 31, 2008 | (in millions) | Cross-currency coupon swap agreements | Foreign exchange component of interest on dual currency investments | Total |"}
{"_id": "d8cebeff2", "title": "", "text": "| 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 | United Parcel Service, Inc. | Standard & Poor’s 500 Index | Dow Jones Transportation Average |"}
{"_id": "d877b0d0a", "title": "", "text": "| 2014 2013 2012 | European Union | Eastern Europe, Middle East & Africa | Asia | Latin America & Canada | 100.0% | Asset Derivatives | FairValue | (in millions) | Foreign exchange contracts designated as hedging instruments | Other assets | Foreign exchange contracts not designated as hedging instruments | Other assets | Total derivatives |"}
{"_id": "d8dc3a15e", "title": "", "text": "We have entered into certain acquisitions that contain both redeemable noncontrolling interests and call options with similar terms and conditions.\nIn such instances, we have included the related estimated contingent acquisition obligation in the period when the earliest related option is exercisable.\nWe have certain redeemable noncontrolling interests that are exercisable at the discretion of the noncontrolling equity owners as of December 31, 2009.\nAs such, these estimated acquisition payments of $20.5 have been included within the total payments expected to be made in 2010 in the table and, if not made in 2010, will continue to carry forward into 2011 or beyond until they are exercised or expire.\nRedeemable noncontrolling interests are included in the table at current exercise price payable in cash, not at applicable redemption value in accordance with the authoritative guidance for classification and measurement of redeemable securities.\nLegal Matters We are involved in legal and administrative proceedings of various types.\nWhile any litigation contains an element of uncertainty, we do not believe that the outcome of such proceedings will have a material adverse effect on our financial condition, results of operations or cash flows.\nNote 16: Recent Accounting Standards In December 2009, the Financial Accounting Standards Board (FASB) amended authoritative guidance related to accounting for transfers and servicing of financial assets and extinguishments of liabilities.\nThe guidance will be effective for the Company beginning January 1, 2010.\nThe guidance eliminates the concept of a qualifying special-purpose entity and changes the criteria for derecognizing financial assets.\nIn addition, the guidance will require additional disclosures related to a companys continued involvement with financial assets that have been transferred.\nWe do not expect the adoption of this amended guidance to have a significant impact on our Consolidated Financial Statements.\nIn December 2009, the FASB amended authoritative guidance for consolidating variable interest entities.\nThe guidance will be effective for the Company beginning January 1, 2010.\nSpecifically, the guidance revises factors that should be considered by a reporting entity when determining whether an entity that is insufficiently capitalized or is not controlled through voting (or similar rights) should be consolidated.\nThis guidance also includes revised financial statement disclosures regarding the reporting entitys involvement, including significant risk exposures as a result of that involvement, and the impact the relationship has on the reporting entitys financial statements.\nWe are currently evaluating the potential impact of the amended guidance on our Consolidated Financial Statements.\nPART III Item 10.\nDirectors, Executive Officers and Corporate Governance The information required by this Item is incorporated by reference to the Election of Directors section, the Director Selection Process section, the Code of Conduct section, the Principal Committees of the Board of Directors section, the Audit Committee section and the Section 16(a) Beneficial Ownership Reporting Compliance section of the Proxy Statement for the Annual Meeting of Stockholders to be held on May 27, 2010 (the Proxy Statement), except for the description of our Executive Officers, which appears in Part I of this Report on Form 10-K under the heading Executive Officers of IPG.\n New York Stock Exchange Certification In 2009, our CEO provided the Annual CEO Certification to the New York Stock Exchange, as required under Section 303A.12(a) of the New York Stock Exchange Listed Company Manual.\nItem 11.\nExecutive Compensation The information required by this Item is incorporated by reference to the Compensation of Executive Officers section, the Non-Management Director Compensation section, the Compensation Discussion and Analysis section and the Compensation Committee Report section of the Proxy Statement.\nItem 12.\nSecurity Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters The information required by this Item is incorporated by reference to the Outstanding Shares section of the Proxy Statement, except for information regarding the shares of common stock to be issued or which may be issued under our equity compensation plans as of December 31, 2009, which is provided in the following table."}
{"_id": "d886aa45a", "title": "", "text": "| Shares Weighted Average Exercise Price Per Share Weighted Average Remaining Contractual Life (Years) Aggregate Intrinsic Value | Number of shares under option: | Outstanding at beginning of year | Granted | Exercised | Forfeited | Expired | Outstanding at end of year | Exercisable at end of year |"}
{"_id": "d82699ffc", "title": "", "text": "Derivative Commitments Certain of the Company’s derivative agreements contain provisions that are tied to the financial strength ratings of the individual legal entity that entered into the derivative agreement as set by nationally recognized statistical rating agencies.\nIf the legal entity’s financial strength were to fall below certain ratings, the counterparties to the derivative agreements could demand immediate and ongoing full collateralization and in certain instances demand immediate settlement of all outstanding derivative positions traded under each impacted bilateral agreement.\nThe settlement amount is determined by netting the derivative positions transacted under each agreement.\nIf the termination rights were to be exercised by the counterparties, it could impact the legal entity’s ability to conduct hedging activities by increasing the associated costs and decreasing the willingness of counterparties to transact with the legal entity.\nThe aggregate fair value of all derivative instruments with credit-risk-related contingent features that are in a net liability position as of December 31, 2011, is $725.\nOf this $725 the legal entities have posted collateral of $716 in the normal course of business.\nBased on derivative market values as of December 31, 2011, a downgrade of one level below the current financial strength ratings by either Moody’s or S&P could require approximately an additional $37 to be posted as collateral.\nBased on derivative market values as of December 31, 2011, a downgrade by either Moody’s or S&P of two levels below the legal entities’ current financial strength ratings could require approximately an additional $48 of assets to be posted as collateral.\nThese collateral amounts could change as derivative market values change, as a result of changes in our hedging activities or to the extent changes in contractual terms are negotiated.\nThe nature of the collateral that we would post, if required, would be primarily in the form of U. S.  Treasury bills and U. S.  Treasury notes.\nThe aggregate notional amount of derivative relationships that could be subject to immediate termination in the event of rating agency downgrades to either BBB+ or Baa1 as of December 31, 2011 was $14.5 billion with a corresponding fair value of $418.\nThe notional and fair value amounts include a customized GMWB derivative with a notional amount of $4.2 billion and a fair value of $207, for which the Company has a contractual right to make a collateral payment in the amount of approximately $45 to prevent its termination.\nThis customized GMWB derivative contains an early termination trigger such that if the unsecured, unsubordinated debt of the counterparty’s related party guarantor is downgraded two levels or more below the current ratings by Moody’s and one or more levels by S&P, the counterparty could terminate all transactions under the applicable International Swaps and Derivatives Association Master Agreement.\nAs of December 31, 2011, the gross fair value of the affected derivative contracts is $223, which would approximate the settlement value."}
{"_id": "d885c459a", "title": "", "text": "Adjusted EBITDA increased $2.8 billion, or 36%, in 2016 primarily from: ?\nIncreased branded postpaid and prepaid service revenues primarily due to strong customer response to our Un-carrier initiatives and the ongoing success of our promotional activities; ?\nHigher gains on disposal of spectrum licenses of $672 million; gains on disposal were $835 million in 2016 compared to $163 million in 2015; ?\nLower losses on equipment; and ?\nFocused cost control and synergies realized from the MetroPCS business combination, primarily in cost of services; partially offset by ?\nHigher selling, general and administrative."}
{"_id": "d8c7d2ab8", "title": "", "text": "| ($ millions) 2016 N/A Change vs. 2015 -2% 2015 N/A Change vs. 2014 -1% | Net sales | Net earnings | % of net sales |"}
{"_id": "d8bda363c", "title": "", "text": "Overview Vornado Realty Trust (“Vornado”) is a fully-integrated real estate investment trust (“REIT”) and conducts its business through, and substantially all of its interests in properties are held by, Vornado Realty L. P. , a Delaware limited partnership (the “Operating Partnership”).\nAccordingly, Vornado’s cash flow and ability to pay dividends to its shareholders is dependent upon the cash flow of the Operating Partnership and the ability of its direct and indirect subsidiaries to first satisfy their obligations to creditors.\nVornado is the sole general partner of, and owned approximately 94.0% of the common limited partnership interest in the Operating Partnership at December 31, 2012.\nAll references to “we,” “us,” “our,” the “Company” and “Vornado” refer to Vornado Realty Trust and its consolidated subsidiaries, including the Operating Partnership.\nWe own and operate office and retail properties (our “core” operations) with large concentrations in the New York City metropolitan area and in the Washington, DC / Northern Virginia area.\nIn addition, we have a 32.6% interest in Toys “R” Us, Inc.  (“Toys”) which has a significant real estate component, a 32.4% interest in Alexander’s, Inc.  (NYSE: ALX) (“Alexander’s”), which has six properties in the greater New York metropolitan area, as well as interests in other real estate and related investments.\nOur business objective is to maximize shareholder value, which we measure by the total return provided to our shareholders.\nBelow is a table comparing our performance to the Morgan Stanley REIT Index (“RMS”) and the SNL REIT Index (“SNL”) for the following periods ended December 31, 2012:"}
{"_id": "d862152e8", "title": "", "text": "| December 31 | (Dollars in billions) | Unpaid principal balance | Residential mortgage loans-2 | Total | 60 days or more past due | Number of loans serviced (in thousands) | Residential mortgage loans-2 | Total | 60 days or more past due | December 31 | (Dollars in billions) | Unpaid principal balance | Residential mortgage loans-2 | Total | 60 days or more past due | Number of loans serviced (in thousands) | Residential mortgage loans-2 | Total | 60 days or more past due |"}
{"_id": "d8c803d98", "title": "", "text": "| In millions 2014 2013 2012 | Revenue (loss) (a) | Expense (a) | Cash receipts (b) | Cash payments (c) |"}
{"_id": "d8aa5178c", "title": "", "text": "| Year ended December 31, | 2006 | (in millions) | Operating results: | Revenues | Benefits and expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments(1) | Related charges-2 | Income from continuing operations before income taxes, equity in earnings of operating joint ventures, extraordinary gain on acquisition andcumulative effect of accounting change |"}
{"_id": "d883b0038", "title": "", "text": "| 2014 2013 2012 | Outstanding at beginning of year | Granted | Forfeited | Cancelled | Vested | Outstanding at end of year | Weighted average grant-date fair value: | Granted | Forfeited | Cancelled | Vested | Outstanding at end of year |"}
{"_id": "d8ef60b20", "title": "", "text": "| In thousands Nonvested Cash-Payable Restricted Unit Shares Aggregate Intrinsic Value | Outstanding at December 31, 2008 | Granted | Vested and released | Forfeited | Outstanding at December 31, 2009 |"}
{"_id": "d88f37096", "title": "", "text": "| Net Sales -1(2)(3)(4)(5) Operating (Loss) Profit(5)(6) Assets at December 31 -11(12) | 2010 | The Company’s operations by segment were: | Cabinets and Related Products | Plumbing Products | Installation and Other Services | Decorative Architectural Products | Other Specialty Products | Total | The Company’s operations by geographic area were: | North America | International, principally Europe | Total, as above | General corporate expense, net -7 | Charge for defined-benefit curtailment -8 | Charge for litigation settlements -9 | Accelerated stock compensation expense -10 | Loss on corporate fixed assets, net | Operating (loss) profit, as reported | Other income (expense), net | Loss from continuing operations before income taxes | Corporate assets | Total assets |"}
{"_id": "d8cef8220", "title": "", "text": "| Year ended December 31 Change | Dollars in millions | Noninterest income | Asset management | Consumer services | Corporate services | Residential mortgage | Service charges on deposits | Net gains on sales of securities | Net other-than-temporary impairments | Other | Total noninterest income |"}
{"_id": "d8c948384", "title": "", "text": "| December 31, | (in days) | Days of sales outstanding (DSO)(1) | Days of supply in inventory (DIO)(2) | Days of purchases outstanding (DPO)(3) | Cash conversion cycle |"}
{"_id": "d899d976a", "title": "", "text": "The Combat Systems group is also focused on innovative technologies and is well-positioned to participate in future development programs.\nFor the U. S.  Marine Corps, the group continues the design and testing of the Expeditionary Fighting Vehicle (EFV), an expeditionary combat platform designed to replace the services current craft.\nWith the EFV, the Marine Corps can launch forces from ships located beyond the horizon and proceed directly to inland objectives.\nThe EFV offers sea maneuverability at speeds three times the current platforms capability and ground mobility equaling that of the Abrams tank, providing a level of flexibility and tactical surprise unparalleled in the current force structure.\nWe are building seven new prototypes as part of a system design and development contract, which we expect to deliver in 2010.\nThe group is also a member of one of three teams awarded technology demonstration contracts for the Joint Light Tactical Vehicle (JLTV), which is intended to replace a portion of the Armys fleet of High Mobility Multi-purpose Wheeled Vehicles (HMMWV).\nThe Combat Systems team was the first to complete its critical design review for the JLTV in 2009.\nIn addition, we are well-positioned to compete for work on the Armys next-generation Ground Combat Vehicle program, for which the customer expects to award development contracts late in 2010.\nCombat Systems has a significant presence internationally and is a recognized military-vehicle integrator and leading defense-materiel provider worldwide.\nIt has manufacturing facilities in Australia, Austria, Brazil, Canada, France, Germany, Spain and Switzerland, and has customers in more than 30 countries.\nThe groups European business offers a broad range of products, including light- and medium-weight tracked and wheeled tactical vehicles, amphibious bridge systems, artillery systems, light weapons, ammunition and propellants.\nLike the groups U. S.  products, many of these systems constitute key platforms employed by its customers military forces.\nThese include the Leopard 2E tank and the Pizarro tracked infantry vehicle, produced for the Spanish army; the Pandur II armored combat vehicle, produced for the Portuguese army and navy; the Eagle wheeled vehicle for Germany; and the Piranha wheeled armored vehicle, which the group has sold to several European countries.\nCombat Systems also is experiencing increased international demand beyond Europe as a result of the demonstrated success of its fielded products.\nIn particular, the group has contracts to provide Abrams tanks and light armored vehicles to a number of U. S.  allies in the Middle East.\nThe group is also a global manufacturer and supplier of highly engineered axles, suspensions, brakes and aftermarket parts for heavy-payload vehicles for a variety of military and commercial customers.\nThe Combat Systems group continues to focus on operational execution across the business as it delivers on its substantial backlog.\nIn an environment of continuously expanding threats and evolving customer needs, including an increased emphasis on speed to market, the group remains focused on its customers requirements and the opportunities they present.\nRevenues for the Combat Systems group were 30 percent of our consolidated revenues in 2009, 28 percent in 2008 and 29 percent in 2007.\nRevenues by major products and services were as follows:"}
{"_id": "d8a994ab0", "title": "", "text": "| Total Revenue -1 Net Income (Loss) | (Dollars in millions) | Deposits | Global Card Services-2 | Home Loans & Insurance | Global Commercial Banking | Global Banking & Markets | Global Wealth & Investment Management | All Other-2 | Total FTE basis | FTE adjustment | Total Consolidated |"}
{"_id": "d8eddb4bc", "title": "", "text": "| 2009 2008 | Commodity Derivatives, Net | (Thousands of Dollars) | Balance at Jan. 1 | Purchases, issuances, and settlements, net | Transfers into (out of) Level 3 | (Losses) gains recognized in earnings | Gains (losses) recognized as regulatory assets and liabilities | Balance at Dec. 31 |"}
{"_id": "d8e9eb74e", "title": "", "text": "| Entity Company Action Level RBC TotalAdjusted Capital % of Company Action Level RBC | (in millions, except percentages) | RiverSource Life | RiverSource Life of NY | IDS Property Casualty | Ameriprise Insurance Company |"}
{"_id": "d8a878460", "title": "", "text": "| (dollar amounts in millions) At December 31, 2017 | One Yearor Less | Deposits without a stated maturity | Certificates of deposit and other time deposits | Short-term borrowings | Long-term debt | Operating lease obligations | Purchase commitments |"}
{"_id": "d885de92c", "title": "", "text": "The Company determined the expected life of stock options using historical data adjusted for known factors that would alter historical exercise behavior.\nThe risk-free interest rate is based on the U. S.  treasury yield curve in effect as of the grant date.\nExpected volatility is determined using weighted-average implied market volatility combined with historical volatility.\nThe Company believes that a blend of historical volatility and implied volatility better reflects future market conditions and better indicates expected volatility than purely historical volatility.\nItem 7.\nManagements Discussion and Analysis of Financial Condition and Results of Operations The following discussion and analysis is based primarily on the consolidated financial statements of Welltower Inc.  for the periods presented and should be read together with the notes thereto contained in this Annual Report on Form 10-K.  Other important factors are identified in Item 1  Business and Item 1A  Risk Factors above.\nExecutive Summary Company Overview Welltower Inc.  (NYSE: HCN), an S&P 500 company headquartered in Toledo, Ohio, is driving the transformation of health care infrastructure.\nThe Company invests with leading seniors housing operators, postacute providers and health systems to fund the real estate and infrastructure needed to scale innovative care delivery models and improve peoples wellness and overall health care experience.\nWelltowerTM, a real estate investment trust (REIT), owns interests in properties concentrated in major, high-growth markets in the United States, Canada and the United Kingdom, consisting of seniors housing and post-acute communities and outpatient medical properties.\nOur capital programs, when combined with comprehensive planning, development and property management services, make us a single-source solution for acquiring, planning, developing, managing, repositioning and monetizing real estate assets.\nThe following table summarizes our consolidated portfolio for the year ended December 31, 2016 (dollars in thousands):"}
{"_id": "d85ed26e4", "title": "", "text": "| ALICO’s Operations Included in MetLife’s Results for the Year Ended December 31, 2010 (In millions) | Total revenues | Income (loss) from continuing operations, net of income tax |"}
{"_id": "d8f1b628a", "title": "", "text": "| Return Periods (in years) 1 in 20 1 in 50 1 in 100 1 in 250 1 in 500 1 in 1,000 | Exceeding Probability | (Dollars in millions) | Zone/ Peril | Southeast U.S., Wind | California, Earthquake | Texas, Wind |"}
{"_id": "d8b1d2632", "title": "", "text": "Managements discussion and analysis 126 JPMorgan Chase & Co. /2014 Annual Report While useful as a current view of credit exposure, the net fair value of the derivative receivables does not capture the potential future variability of that credit exposure.\nTo capture the potential future variability of credit exposure, the Firm calculates, on a client-by-client basis, three measures of potential derivatives-related credit loss: Peak, Derivative Risk Equivalent (DRE), and Average exposure (AVG).\nThese measures all incorporate netting and collateral benefits, where applicable.\nPeak exposure to a counterparty is an extreme measure of exposure calculated at a 97.5% confidence level.\nDRE exposure is a measure that expresses the risk of derivative exposure on a basis intended to be equivalent to the risk of loan exposures.\nThe measurement is done by equating the unexpected loss in a derivative counterparty exposure (which takes into consideration both the loss volatility and the credit rating of the counterparty) with the unexpected loss in a loan exposure (which takes into consideration only the credit rating of the counterparty).\nDRE is a less extreme measure of potential credit loss than Peak and is the primary measure used by the Firm for credit approval of derivative transactions.\nFinally, AVG is a measure of the expected fair value of the Firms derivative receivables at future time periods, including the benefit of collateral.\nAVG exposure over the total life of the derivative contract is used as the primary metric for pricing purposes and is used to calculate credit capital and the CVA, as further described below.\nThe three year AVG exposure was $37.5 billion and $35.4 billion at December 31, 2014 and 2013, respectively, compared with derivative receivables, net of all collateral, of $59.4 billion and $51.3 billion at December 31, 2014 and 2013, respectively.\nThe fair value of the Firms derivative receivables incorporates an adjustment, the CVA, to reflect the credit quality of counterparties.\nThe CVA is based on the Firms AVG to a counterparty and the counterpartys credit spread in the credit derivatives market.\nThe primary components of changes in CVA are credit spreads, new deal activity or unwinds, and changes in the underlying market environment.\nThe Firm believes that active risk management is essential to controlling the dynamic credit risk in the derivatives portfolio.\nIn addition, the Firms risk management process takes into consideration the potential impact of wrong-way risk, which is broadly defined as the potential for increased correlation between the Firms exposure to a counterparty (AVG) and the counterpartys credit quality.\nMany factors may influence the nature and magnitude of these correlations over time.\nTo the extent that these correlations are identified, the Firm may adjust the CVA associated with that counterpartys AVG.\nThe Firm risk manages exposure to changes in CVA by entering into credit derivative transactions, as well as interest rate, foreign exchange, equity and commodity derivative transactions.\nThe accompanying graph shows exposure profiles to the Firms current derivatives portfolio over the next 10 years as calculated by the DRE and AVG metrics.\nThe two measures generally show that exposure will decline after the first year, if no new trades are added to the portfolio."}
{"_id": "d88916bb2", "title": "", "text": "| Owned Leased | United States | Canada | EMEA | Rest of World |"}
{"_id": "d891c6e56", "title": "", "text": "| Yearended December 31, | (Dollar amounts in millions) | Balance at January 1 | Additions for tax positions of prior years | Reductions for tax positions of prior years | Additions based on tax positions related to current year | Lapse of statute of limitations | Settlements | Foreign exchange translation | Positions assumed in BGI Transaction | Balance at December 31 |"}
{"_id": "d8dded3de", "title": "", "text": "| Years Ended December 31, Percentage Change | Rate for 1 USD | Currency: | JPY | EUR | GBP |"}
{"_id": "d8bad3e8e", "title": "", "text": "Five-year Stock Performance Graph The graph below illustrates the cumulative total shareholder return on Snap-on common stock since December 31, 2013, of a $100 investment, assuming that dividends were reinvested quarterly.\nThe graph compares Snap-ons performance to that of the Standard & Poors 500 Industrials Index (S&P 500 Industrials) and Standard & Poors 500 Stock Index (S&P 500)."}
{"_id": "d89fd96f6", "title": "", "text": "| 2015 2014 2013 | Year ended December 31,(in millions, except rates)(a) | Principal securitized | All cash flows during the period: | Proceeds from new securitizations(b) | Servicing fees collected | Purchases of previously transferred financial assets (or the underlying collateral)(c) | Cash flows received on interests |"}
{"_id": "d8e73f0fe", "title": "", "text": "| 30 September 2019 2018 | Short-term borrowings | Current portion of long-term debt(A)(B) | Long-term debt | Long-term debt – related party(B) | Total Debt |"}
{"_id": "d87a9864e", "title": "", "text": "2012 Plans In 2012, we recorded an expense of $327.4 ($222.4 after-tax, or $1.03 per share) for business restructuring and cost reduction plans in our Polyurethane Intermediates (PUI), Electronics, and European Merchant businesses.\nDuring the second quarter of 2012, we recorded an expense of $86.8 ($60.6 after-tax, or $.28 per share) for actions to remove stranded costs resulting from our decision to exit the Homecare business, the reorganization of the Merchant business, and actions to right-size our European cost structure in light of the challenging economic outlook.\nThe charge related to the businesses at the segment level as follows: $77.3 in Merchant Gases, $3.8 in Tonnage Gases, and $5.7 in Electronics and Performance Materials.\nAs of 30 September 2013, the planned actions were completed.\nDuring the fourth quarter of 2012, we took actions to exit the PUI business to improve costs, resulting in a net expense of $54.6 ($34.8 after-tax, or $.16 per share).\nWe sold certain assets and the rights to a supply contract for $32.7 in cash at closing.\nIn connection with these actions, we recognized an expense of $26.6, for the net book value of assets sold and those committed to be disposed of other than by sale.\nThe remaining charge was primarily related to contract terminations and an environmental liability.\nOur PUI production facility in Pasadena, Texas is currently being dismantled, with completion expected in fiscal year 2014.\nThe costs to dismantle are expensed as incurred and reflected in continuing operations in the Tonnage Gases business segment.\nDuring the fourth quarter of 2012, we completed an assessment of our position in the PV market, resulting in $186.0 of expense ($127.0 after-tax, or $.59 per share) primarily related to the Electronics and Performance Materials segment.\nAir Products supplies the PV market with both bulk and on-site supply of gases, including silane.\nThe PV market has not developed as expected, and as a result, the market capacity to produce silane is expected to exceed demand for the foreseeable future.\nIncluded in the charge was an accrual of $93.5 for an offer that we made to terminate a long-term take-or-pay contract to purchase silane.\nA final settlement was reached with the supplier in the fourth quarter of 2013."}
{"_id": "d8aacbb36", "title": "", "text": "| Year Ended October 31, $ Change % Change $ Change % Change | 2006 | (dollars in millions) | $112.9 | Percentage of total revenue |"}
{"_id": "d881c818a", "title": "", "text": "| Year Ended December 31, | 2009 | (millions) | Balance, Beginning of period | Changes | Allowance for SemCrude receivable | Allowance for Ecuador receivable | Recovery of Ecuador receivable | Other Changes | Net Changes Before Write-offs | Write-off of SemCrude receivable | Other Write-offs | Balance, End of Period |"}
{"_id": "d815dd9fc", "title": "", "text": "| December 31 | Commercial Utilized-1, 2 | (Dollars in millions) | Loans and leases | Derivative assets-5 | Standby letters of credit and financial guarantees | Assets held-for-sale-6 | Bankers’ acceptances | Commercial letters of credit | Foreclosed properties and other | Total commercial credit exposure |"}
{"_id": "d885f420e", "title": "", "text": "| As of and for the Year Ended December 31, 2016 | (in millions) | Net interest income | Noninterest income | Total revenue | Noninterest expense | Profit before provision for credit losses | Provision for credit losses | Income before income tax expense (benefit) | Income tax expense (benefit) | Net income | Total average assets | As of and for the Year Ended December 31, 2015 | (in millions) | Net interest income | Noninterest income | Total revenue | Noninterest expense | Profit before provision for credit losses | Provision for credit losses | Income (loss) before income tax expense (benefit) | Income tax expense (benefit) | Net income (loss) | Total average assets |"}
{"_id": "d8e99e52a", "title": "", "text": "| Year ended December 31 | Dollars in millions, except per share data | SUMMARYOFOPERATIONS | Interest income | Interest expense | Net interest income | Noninterest income (b) | Total revenue | Provision for credit losses (c) | Noninterest expense | Income from continuing operations before income taxes and noncontrolling interests | Income taxes | Income from continuing operations before noncontrolling interests | Income from discontinued operations (net of income taxes of $54, $63, $66, $52 and$57) (d) | Net income | Less: Net income (loss) attributable to noncontrolling interests | Preferred stock dividends (e) | Preferred stock discount accretion | Net income attributable to common shareholders | PERCOMMONSHARE | Basic earnings | Continuing operations | Discontinued operations (d) | Net income | Diluted earnings | Continuing operations | Discontinued operations (d) | Net income | Book value | Cash dividends declared |"}
{"_id": "d87e4cb32", "title": "", "text": "| Cocoa Futures Contract Prices  (cents perpound) | 2007 | Annual Average | High | Low |"}
{"_id": "d8e99e660", "title": "", "text": "| Change in Assumption(a) EstimatedIncrease to 2010PensionExpense(Inmillions) | .5% decrease in discount rate | .5% decrease in expected long-term return on assets | .5% increase in compensation rate |"}
{"_id": "d8a8cff9e", "title": "", "text": "| (In millions) 2008 2007 | Indemnified securities financing | Liquidity asset purchase agreements | Unfunded commitments to extend credit | Standby letters of credit |"}
{"_id": "d880d3bee", "title": "", "text": "| Plan category Numberof securities to be issued upon exercise of outstanding options, warrants and rights(a) Weighted- average exercise price of outstanding options, warrants and rights(b) Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a))(c) | Equity compensation plans approved by security holders-1 | Equity compensation plans not approved by security holders-2, -3 | Total |"}
{"_id": "d8247e1dc", "title": "", "text": "The following table reflects the required disclosures on the Company’s pension and other postretirement benefit plans at December 31:"}
{"_id": "d8e8a6550", "title": "", "text": "| (Dollars in millions, except per share amounts) Fiscal2013 Fiscal2012 Fiscal2011 2013-2012% Change 2012-2011% Change | Total net revenue | Operating income from continuing operations | Net income from continuing operations | Diluted net income per share from continuing operations |"}
{"_id": "d8198bf04", "title": "", "text": "| Change | Fiscal Year | 2019 | Net income | Net income, as a % of revenue | Diluted EPS |"}
{"_id": "d813b9086", "title": "", "text": "| Year Ended | September 30, 2009 | ($ in 000's) | Revenues: | Securities Commissions and Fees | Interest | Financial Service Fees | Other | Total Revenues | Interest Expense | Net Revenues | Non-Interest Expenses: | Sales Commissions | Admin & Incentive Comp and Benefit Costs | Communications and Information Processing | Occupancy and Equipment | Business Development | Clearance and Other | Total Non-Interest Expenses | Income Before Taxes and Minority Interest | Minority Interest | Pre-tax Income | Margin on Net Revenues |"}
{"_id": "d86b05a60", "title": "", "text": "| For the Years Ended | (In thousands) | Stock option and non-vested share compensation expense | Associate stock purchase plan expense | Amounts capitalized in software development costs, net of amortization | Amounts charged against earnings, before income tax benefit | Amount of related income tax benefit recognized in earnings |"}
{"_id": "d8e8a6690", "title": "", "text": "| 2012 2011 | Employee stock purchase plan | Other stock-based compensation plans | Total shares reserved |"}
{"_id": "d88f442d2", "title": "", "text": "| (In millions) 2008 2007 2006 | United Kingdom | Australia | Canada | Germany | Total cross-border outstandings |"}
{"_id": "d86e2d968", "title": "", "text": "Sale of Gestiva On January 16, 2008, the Company entered into a definitive agreement pursuant to which it agreed to sell full U. S.  and world-wide rights to Gestiva to K-V Pharmaceutical Company upon approval of the pending Gestiva new drug application (the “Gestiva NDA”) by the FDA for a purchase price of $82,000.\nThe Company received $9,500 of the purchase price in fiscal 2008, and the balance is due upon final approval of the Gestiva NDA by the FDA on or before February 19, 2010 and the production of a quantity of Gestiva suitable to enable the commercial launch of the product.\nEither party has the right to terminate the agreement if FDA approval is not obtained by February 19, 2010.\nThe Company agreed to continue its efforts to obtain FDA approval of the NDA for Gestiva as part of this arrangement.\nAll costs incurred in these efforts will be reimbursed by K-V Pharmaceutical and are being recorded as a credit against research and development expenses.\nDuring fiscal 2009 and 2008, these reimbursed costs were not material.\nThe Company recorded the $9,500 as a deferred gain within current liabilities in the Consolidated Balance Sheet.\nThe Company expects that the gain will be recognized upon the closing of the transaction following final FDA approval of the Gestiva NDA or if the agreement is terminated.\nThe Company cannot assure that it will be able to obtain the requisite FDA approval, that the transaction will be completed or that it will receive the balance of the purchase price.\nMoreover, if K-V Pharmaceutical terminates the agreement as a result of a breach by the Company of a material representation, warranty, covenant or agreement, the Company will be required to return the funds previously received as well as expenses reimbursed by K-V."}
{"_id": "d8aec3036", "title": "", "text": "| Net Revenue For the Year Ended December 31, 2013 For the Year Ended December 31, 2012 Dollar Change Percentage Change Percentage Change from Currency Percentage Change from Acquisitions Organic Revenue Growth | CAG Diagnostics recurring revenue: | VetLab consumables | VetLab service and accessories | Rapid assay products | Reference laboratory diagnostic and consulting services | CAG Diagnostics capital - VetLab instruments | Customer information management and digital imaging systems | Net CAG revenue |"}
{"_id": "d88c9d31c", "title": "", "text": "The Company also has access to land inventory through option contracts, which generally enables the Company to defer acquiring portions of properties owned by third parties and unconsolidated entities until it has determined whether to exercise its option.\nA majority of the Companys option contracts require a non-refundable cash deposit or irrevocable letter of credit based on a percentage of the purchase price of the land.\nThe Companys option contracts sometimes include price adjustment provisions, which adjust the purchase price of the land to its approximate fair value at the time of acquisition or are based on the fair value at the time of takedown.\nIn determining whether to walk away from an option contract, the Company evaluates the option primarily based upon its expected cash flows from the property under option.\nIf the Company intends to walk away from an option contract, it records a charge to earnings in the period such decision is made for the deposit amount and any related preacquisition costs associated with the option contract.\nSome option contracts contain a predetermined take-down schedule for the optioned land parcels.\nHowever, in almost all instances, the Company is not required to purchase land in accordance with those take-down schedules.\nIn substantially all instances, the Company has the right and ability to not exercise its option and forfeit its deposit without further penalty, other than termination of the option and loss of any unapplied portion of its deposit and pre-acquisition costs.\nTherefore, in substantially all instances, the Company does not consider the take-down price to be a firm contractual obligation.\nWhen the Company does not intend to exercise an option, it writes off any unapplied deposit and pre-acquisition costs associated with the option contract."}
{"_id": "d8c66ff2c", "title": "", "text": "| Number of Shares Weighted-averageGrant DateFair Value | Deferred Stock Units | Nonvested at January 1, 2010 | Granted | Dividend equivalents accrued | Vested | Canceled/forfeited | Nonvested at December 31, 2010 |"}
{"_id": "d8bdc4dd2", "title": "", "text": "| Pretax Tax Non-   controlling   Interests Net Income Statement Classification | Workforce reductions | Provision for doubtful accounts | Other | $116 |"}
{"_id": "d8d2a5b98", "title": "", "text": "Junior Subordinate Deferrable Interest Debentures In June 2005, we issued $100.0?million of Trust Preferred Securities, which are reflected on the balance sheet as Junior Subordinate Deferrable Interest Debentures.\nThe proceeds were used to repay our revolving credit facility.\nThe $100.0?million of junior subordinate deferrable interest debentures have a 30-year term ending July 2035.\nThey bear interest at a fixed rate of 5.61% for the first 10 years ending July 2015.\nThereafter, the rate will float at three month LIBOR plus 1.25%.\nThe securities are redeemable at par.\nRestrictive Covenants The terms of the 2011 revolving credit facility and certain of our senior unsecured notes include certain restrictions and covenants which may limit, among other things, our ability to pay dividends (as discussed below), make certain types of investments, incur additional indebtedness, incur liens and enter into negative pledge agreements and the disposition of assets, and which require compliance with financial ratios including our minimum tangible net worth, a maximum ratio of total indebtedness to total asset value, a minimum ratio of EBITDA to fixed charges and a maximum ratio of unsecured indebtedness to unencumbered asset value.\nThe dividend restriction referred to above provides that we will not during any time when we are in default, make distributions with respect to common stock or other equity interests, except to enable us to continue to qualify as a REIT for Federal Income Tax purposes.\nAs of December?31, 2011 and 2010, we were in compliance with all such covenants.\nManagements Discussion and Analysis of Financial Condition and Results of Operations Market Rate Risk We are exposed to changes in interest rates primarily from our floating rate borrowing arrangements.\nWe use interest rate derivative instruments to manage exposure to interest rate changes.\nA?hypothetical 100?basis point increase in interest rates along the entire interest rate curve for 2011 and 2010, would increase our annual interest cost by approximately $12.3?million and $11.0?million and would increase our share of joint venture annual interest cost by approximately $4.8?million and $6.7?million, respectively.\nWe recognize all derivatives on the balance sheet at fair value.\nDerivatives that are not hedges must be adjusted to fair value through income.\nIf a derivative is a hedge, depending on the nature of the hedge, changes in the fair value of the derivative will either be offset against the change in fair value of the hedged asset, liability, or firm commitment through earnings, or recognized in other comprehensive income until the hedged item is recognized in earnings.\nThe ineffective portion of a derivatives change in fair value is recognized immediately in earnings.\nApproximately $4.8?billion of our long- term debt bore interest?at fixed rates, and therefore the fair value of these instruments is affected by changes in the market interest rates.\nThe interest rate on our variable rate debt and joint venture debt as of December?31, 2011 ranged from LIBOR plus 150?basis points to LIBOR plus 350?basis points.\nContractual Obligations Combined aggregate principal maturities of mortgages and other loans payable, our 2011 revolving credit facility, senior unsecured notes (net of discount), trust preferred securities, our share of joint venture debt, including as- of-right extension options, estimated interest expense (based on weighted average interest rates for the quarter), and our obligations under our capital lease and ground leases, as of December?31, 2011 are as follows (in thousands):"}
{"_id": "d8ead85c6", "title": "", "text": "| Increase (decrease) in pretax earnings given an interest rate decrease of X basis points Increase (decrease) in pretax earnings given an interest rate increase of X basispoints | -300 | (in thousands) | 2004 | Fixed income portfolio | Debt | Total | 2003 | Fixed income portfolio | Debt | Total | Completion Factor(a): | (Decrease) Increase in Factor | -3% | -2% | -1% | 1% | 2% | 3% |"}
{"_id": "d8d64e51a", "title": "", "text": "| In millions of dollars 2014 2013 2012 | Net cash provided by (used in): | Operating activities | Investing activities | Financing activities | Increase (decrease) in cash and cash equivalents | In millions | Pension expense | U.S. plans | Non-U.S. plans | Net expense |"}
{"_id": "d8d4d2812", "title": "", "text": "2004 include asset management fees of $28 million associated with certain money market mutual fund balances of brokerage clients of Wachovia Securities.\nThese balances were essentially eliminated as of September 30, 2004 due to the replacement of those funds with other investment alternatives for those brokerage clients.\nThe resulting reduction in revenues has been offset by payments from Wachovia under an agreement dated as of July 30, 2004 implementing arrangements with respect to money market mutual funds in connection with the combination of our retail securities brokerage and clearing operations with those of Wachovia.\nThis agreement extends for ten years after termination of the joint venture with Wachovia.\nThe revenue from Wachovia under this agreement, included in revenues from retail customers in the table above, was $54 million and $35 million for 2005 and 2004, respectively.2004 to 2003 Annual Comparison.\nRevenues increased $104 million, from $1.360 billion in 2003 to $1.464 billion in 2004, due primarily to higher fees from the management of institutional and retail customer assets as a result of increased asset values primarily from market appreciation, assets associated with the retirement business acquired from CIGNA, an increase in transaction and performance based incentive fees related to real estate assets under management and increased revenues related to program services for certain mutual fund wrap and separately managed platforms of Wachovia Securities.\nReduced income from our commercial mortgage operations, reflecting lower production volume and composition of originations, partially offset this increase.\nRevenues include asset management fees of $28 million and $79 million, for 2004 and 2003, respectively, associated with certain money market mutual fund balances of brokerage clients of Wachovia Securities subject to the arrangements with Wachovia described above.\nThe revenue from Wachovia under this agreement was $35 million in 2004."}
{"_id": "d815c529e", "title": "", "text": "| 2012 period (a) Total sharespurchased (b) Averagepricepaid pershare Total sharespurchased aspartofpubliclyannouncedprograms (c) Maximumnumber ofshares thatmay yet bepurchasedundertheprograms (c) | October 1 – 31 | November 1 – 30 | December 1 – 31 | Total |"}
{"_id": "d8847cf8e", "title": "", "text": "| December 31, 2018 | (Dollars in thousands) | Commercial loans: | Software/internet | Hardware | Private equity/venture capital | Life science/healthcare | Premium wine | Other | Commercial loans | Real estate secured loans: | Premium wine | Consumer loans | Other | Real estate secured loans | Construction loans | Consumer loans | Total gross loans | December 31, 2017 | (Dollars in thousands) | Commercial loans: | Software/internet | Hardware | Private equity/venture capital | Life science/healthcare | Premium wine | Other | Commercial loans | Real estate secured loans: | Premium wine | Consumer loans | Other | Real estate secured loans | Construction loans | Consumer loans | Total gross loans |"}
{"_id": "d86a41714", "title": "", "text": "| Year Ended December | $ in millions | Equity securities | Debt securities and loans | Total net revenues | Provision for credit losses | Operating expenses | Pre-taxearnings |"}
{"_id": "d8d2c9c6e", "title": "", "text": "| (in millions) MaturityAmount Unamortized Discount and Debt Issuance Costs Carrying Value Fair Value | 5.00% Notes due 2019 | 4.25% Notes due 2021 | 3.375% Notes due 2022 | 3.50% Notes due 2024 | 1.25% Notes due 2025 | 3.20% Notes due 2027 | Total Long-term Borrowings |"}
{"_id": "d8dc58bb8", "title": "", "text": "| For the Years Ended December 31, | (Millions of Dollars) | Operating revenues | Purchased power | Gas purchased for resale | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | (Gain) on sale of solar electric production projects | Operating income (loss) |"}
{"_id": "d810b791e", "title": "", "text": "| Balance at January 1, 2007 $373 | Additions for tax positions of the current year | Additions for tax positions of prior years | Reductions for tax positions of prior years for: | Changes in judgment or facts | Settlements during the period | Lapses of applicable statute of limitations | Balance at December 31, 2007 |"}
{"_id": "d877f3768", "title": "", "text": "| Amounts in millions, except per share amounts 2017 Change vs. Prior Year 2016 Change vs. Prior Year 2015 | Net sales | Operating income | Net earnings from continuing operations | Net earnings/(loss) from discontinued operations | Net earnings attributable to Procter & Gamble | Diluted net earnings per common share | Diluted net earnings per share from continuing operations | Core earnings per share | Cash flow from operating activities |"}
{"_id": "d8e1d0d34", "title": "", "text": "Domestic Marketing Activities Crude oil, natural gas, condensate and NGLs produced onshore US and in the deepwater Gulf of Mexico are sold under short-term and long-term contracts at market-based prices adjusted for location and quality.\nOnshore production of crude oil and condensate are distributed through pipelines and by trucks and rail cars to gatherers, transportation companies and refineries.\nGulf of Mexico production is distributed through pipelines.\nCertain onshore US areas in which we operate have had minimal infrastructure in place for the processing and transportation of our production.\nCompany and third party infrastructure projects that came online in 2015 have improved flow assurance and future projects coming online in the northeast in the next few years are expected to continue to enhance transportation of Marcellus Shale production to end markets."}
{"_id": "d8267f2a6", "title": "", "text": "Average Train Speed  Average train speed is calculated by dividing train miles by hours operated on our main lines between terminals.\nAverage train speed, as reported to the Association of American Railroads, decreased 8% in 2014 versus 2013.\nThe decline was driven by a 7% volume increase, a major infrastructure project in Fort Worth, Texas and inclement weather, including flooding in the Midwest in the second quarter and severe weather conditions in the first quarter that impacted all major U. S.  and Canadian railroads.\nAverage train speed decreased 2% in 2013 versus 2012.\nThe decline was driven by severe weather conditions and shifts of traffic to sections of our network with higher utilization.\nAverage Terminal Dwell Time  Average terminal dwell time is the average time that a rail car spends at our terminals.\nLower average terminal dwell time improves asset utilization and service.\nAverage terminal dwell time increased 12% in 2014 compared to 2013, caused by higher volumes and inclement weather.\nAverage terminal dwell time increased 3% in 2013 compared to 2012, primarily due to growth of manifest traffic which requires more time in terminals for switching cars and building trains.\nGross and Revenue Ton-Miles  Gross ton-miles are calculated by multiplying the weight of loaded and empty freight cars by the number of miles hauled.\nRevenue ton-miles are calculated by multiplying the weight of freight by the number of tariff miles.\nGross ton-miles, revenue ton-miles and carloadings all increased 7% in 2014 compared to 2013.\nGross ton-miles and revenue ton-miles declined 1% in 2013 compared to 2012 and carloads remained relatively flat driven by declines in coal and agricultural products offset by growth in chemical, autos and industrial products.\nChanges in commodity mix drove the year-over-year variances between gross tonmiles, revenue ton-miles and carloads."}
{"_id": "d875f1dac", "title": "", "text": "| Fair Value Impact | In Millions | Interest rate instruments | Foreign currency instruments | Commodity instruments | Equity instruments |"}
{"_id": "d8f1c990c", "title": "", "text": "ITEM 6.\nSELECTED FINANCIAL DATA Five Years Ended December 26, 2015 (In millions except per share amounts)\n(1) 2015, 2014, 2013 and 2012 consisted of 52 weeks, whereas 2011 consisted of 53 weeks.\n(2) In 2013, we entered into licenses and settlements regarding patent-related matters.\nPursuant to these licenses and settlements, we received in aggregate, $48 million, net, which we recorded within net legal settlements in 2013.\n(3) During 2011, we changed the method of accounting for our investment in GF from the equity method to the cost method of accounting.\nAs a result of the change, we recognized a non-cash gain of approximately $492 million, net of certain transaction related charges.\nIn 2011, we recorded a non-cash impairment charge of approximately $209 million related to our investment in GF.\n(4) During the first quarter of 2012, we entered into a second amendment to the WSA with GF.\nThe primary effect of this amendment was to modify certain pricing and other terms of the WSA applicable to wafers for our microprocessor and APU products, to be delivered by GF to us during 2012.\nAs a result of the amendment, we recorded a $703 million charge during the first quarter of 2012.\nDuring the fourth quarter of 2012, we entered into a third amendment to the WSA.\nPursuant to the third amendment, we modified our wafer purchase commitments for the fourth quarter of 2012 made pursuant to the second amendment to the WSA.\nIn addition, we agreed to certain pricing and other terms of the WSA applicable to wafers for our microprocessor and APU products, to be delivered by GF to us from the fourth quarter of 2012 through December 31, 2013.\nPursuant to the third amendment, GF agreed to waive a portion of our production wafer purchase commitments for the fourth quarter of 2012.\nIn consideration for this waiver, we agreed to pay GF a fee of $320 million, which resulted in a $273 million lower of cost or market charge recorded in the fourth quarter of 2012.\n(5) In 2015, 2014, 2012 and 2011, we implemented restructuring plans and incurred net charges of $53 million, $58 million, $6 million, $100 million and $100 million in 2015, 2014, 2013, 2012 and 2011, respectively, which primarily consisted of severance and related employee benefits."}
{"_id": "d8dec84b6", "title": "", "text": "| 2013 2012 | Cumulative foreign currency translation | Net unrecognized gains/losses on derivative instruments | Net unrealized gains/losses on marketable securities | Accumulated other comprehensive income/(loss) | Net Sales Volumes | Equivalent Barrels (mboed) | Equatorial Guinea | United Kingdom(a) | Libya | Total International E&P (mboed) | Net Sales Volumes of Equity Method Investees | LNG (mtd) | Methanol (mtd) |"}
{"_id": "d8e305c04", "title": "", "text": "| Revenue Mix Summary Year Ended Comparable Sales Summary Year Ended | January 31, 2015 | Consumer Electronics | Computing and Mobile Phones | Entertainment | Appliances | Services | Other | Total |"}
{"_id": "d8e305a60", "title": "", "text": "| Global Corporate Banking Global Commercial Banking Business Banking Total | (Dollars in millions) | Revenue | Business Lending | Global Transaction Services | Total revenue, net of interest expense | Balance Sheet | Average | Total loans and leases | Total deposits | Year end | Total loans and leases | Total deposits |"}
{"_id": "d8151164a", "title": "", "text": "| Annual Change | ($ in millions) | Revenues | Segment results |"}
{"_id": "d8c9261a8", "title": "", "text": "| Years Ended December 31, | 2013 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d89cfc60e", "title": "", "text": "| Years Ended September 30 | Millions of dollars, except per share amounts | Total specified items | After-tax impact of specified items | Impact of specified items on diluted earnings per share | Impact of dilution from share issuances |"}
{"_id": "d8d13711c", "title": "", "text": "kmt-per-year composed of two prebake potlines) and the full capacity (44 kmt-per-year) at the Fusina smelter in Italy.\nAdditionally, in August 2013, management approved the permanent shutdown and demolition of one potline (capacity of 41 kmt-per-year) that utilizes Soderberg technology at the Massena East, NY smelter (remaining capacity of 84 kmt-per-year composed of two Soderberg potlines).\nThe aforementioned Soderberg lines at Baie Comeau and Massena East were fully shut down by the end of September 2013 while the Fusina smelter was previously temporarily idled in 2010.\nDemolition and remediation activities related to all three facilities began in late 2013 and are expected to be completed by the end of 2016 for Massena East and by the end of 2017 for both Baie Comeau and Fusina.\nThe decisions on the Soderberg lines for Baie Comeau and Massena East were part of a 15-month review of 460 kmt of smelting capacity initiated by management in May 2013 for possible curtailment, while the decision on the Fusina smelter was in addition to the capacity being reviewed.\nFactors leading to all three decisions were in general focused on achieving sustained competitiveness and included, among others: lack of an economically viable, long-term power solution (Italy); changed market fundamentals; other existing idle capacity; and restart costs.\nIn 2013, exit costs related to the shutdown actions included $114 for the layoff of approximately 550 employees (Primary Metals segment), including $83 in pension costs; accelerated depreciation of $58 (Baie Comeau) and asset impairments of $18 (Fusina and Massena East) representing the write-off of the remaining book value of all related properties, plants, and equipment; and $55 in other exit costs.\nAdditionally in 2013, remaining inventories, mostly operating supplies and raw materials, were written down to their net realizable value resulting in a charge of $9 ($6 after-tax), which was recorded in COGS.\nThe other exit costs of $55 represent $48 in asset retirement obligations and $5 in environmental remediation, both of which were triggered by the decisions to permanently shut down and demolish these structures, and $2 in other related costs.\nAs of December 31, 2015, the separations associated with 2013 restructuring programs were essentially complete.\nIn 2015, 2014, and 2013, cash payments of $7, $39, and $33, respectively, were made against layoff reserves related to 2013 restructuring programs.\nAlcoa does not include Restructuring and other charges in the results of its reportable segments."}
{"_id": "d82bd9f94", "title": "", "text": "Divestiture of the Information Systems & Global Solutions Business On August 16, 2016, we divested our former IS&GS business, which merged with Leidos, in a Reverse Morris Trust transaction (the “Transaction”).\nThe Transaction was completed in a multi-step process pursuant to which we initially contributed the IS&GS business to Abacus Innovations Corporation (Abacus), a wholly owned subsidiary of Lockheed Martin created to facilitate the Transaction, and the common stock of Abacus was distributed to participating Lockheed Martin stockholders through an exchange offer.\nUnder the terms of the exchange offer, Lockheed Martin stockholders had the option to exchange shares of Lockheed Martin common stock for shares of Abacus common stock.\nAt the conclusion of the exchange offer, all shares of Abacus common stock were exchanged for 9,369,694 shares of Lockheed Martin common stock held by Lockheed Martin stockholders that elected to participate in the exchange.\nThe shares of Lockheed Martin common stock that were exchanged and accepted were retired, reducing the number of shares of our common stock outstanding by approximately 3%.\nFollowing the exchange offer, Abacus merged with a subsidiary of Leidos, with Abacus continuing as the surviving corporation and a wholly-owned subsidiary of Leidos.\nAs part of the merger, each share of Abacus common stock was automatically converted into one share of Leidos common stock.\nWe did not receive any shares of Leidos common stock as part of the Transaction and do not hold any shares of Leidos or Abacus common stock following the Transaction.\nBased on an opinion of outside tax counsel, subject to customary qualifications and based on factual representations, the exchange offer and merger will qualify as tax-free transactions to Lockheed Martin and its stockholders, except to the extent that cash was paid to Lockheed Martin stockholders in lieu of fractional shares.\nIn connection with the Transaction, Abacus borrowed an aggregate principal amount of approximately $1.84 billion under term loan facilities with third party financial institutions, the proceeds of which were used to make a one-time special cash payment of $1.80 billion to Lockheed Martin and to pay associated borrowing fees and expenses.\nThe entire special cash payment was used to repay debt, pay dividends and repurchase stock during the third and fourth quarters of 2016.\nThe obligations under the Abacus term loan facilities were guaranteed by Leidos as part of the Transaction."}
{"_id": "d886e7dbe", "title": "", "text": "| Years Ended December 31, | 2012 | (in millions, except per share data) | Income Statement Data: | Total net revenues | Total expenses | Income (loss) from continuing operations | Income (loss) from discontinued operations, net of tax | Net income (loss) | Less: Net income (loss) attributable to noncontrolling interests | Net income attributable to Ameriprise Financial | Earnings (Loss) Per Share Attributable to Ameriprise Financial, Inc. Common Shareholders: | Basic | Income from continuing operations | Income (loss) from discontinuedoperations | Net income | Diluted | Income from continuing operations | Income (loss) from discontinuedoperations | Net income | Cash Dividends Declared Per Common Share | December 31, | 2012 | (in millions) | Balance Sheet Data: | Investments-1 | Separate account assets | Total assets | Future policy benefits and claims | Separate account liabilities | Customer deposits | Long-term debt-1 | Short-term borrowings | Total liabilities | Total Ameriprise Financial, Inc. shareholders' equity | Noncontrolling interests' equity | Pretax Increase (Decrease) | (in millions) | Other revenues | Benefits, claims, losses and settlement expenses | Amortization of DAC | Interest credited to fixed accounts | Total expenses | Total-1 |"}
{"_id": "d8b8658a0", "title": "", "text": "(1) The carrying amount of cash and cash equivalents approximates fair value due to the short maturity of those instruments.\n(2) The carrying amount of the Companys credit facilities and bank overdrafts approximates fair value as the interest rate is reset frequently based on current market rates as well as the short maturity of those instruments.\n(3) The fair value of the Companys long-term debt was calculated using discounted cash flows applying current interest rates and current credit spreads based on its own credit risk.\n(4) Amount is net of unamortized discount and debt issuance costs."}
{"_id": "d8754940e", "title": "", "text": "| 2017 2016 2015 | (in millions) | Total cash provided by (used in): | Operating activities | Investing activities | Financing activities | Effect of exchange rate changes on cash and cash equivalents | Increase in cash and cash equivalents |"}
{"_id": "d8b083aba", "title": "", "text": "| (in millions) 2005 2004 2003 | Net reserve for losses and lossexpenses at beginning of year | Foreign exchange effect | Acquisition | Losses and loss expenses incurred: | Current year | Prior years(b) | 33,091 | Losses and loss expenses paid: | Current year | Prior years | 22,241 | Net reserve for losses and lossexpenses at end of year(c) |"}
{"_id": "d8e675c72", "title": "", "text": "| Years Ended December 31, | 2006 | Other Data-1 | Net income available to common shareholders | Return on common equity-9 | Return on common equity, excluding accumulated other comprehensive income | EPS Data-1 | Income from Continuing Operations Available to Common Shareholders Per Common Share | Basic | Diluted | Income (loss) from Discontinued Operations Per Common Share | Basic | Diluted | Cumulative Effect of a Change in Accounting Per Common Share-6 | Basic | Diluted | Net Income Available to Common Shareholders Per Common Share | Basic | Diluted | Dividends Declared Per Common Share |"}
{"_id": "d88c4b04e", "title": "", "text": "| Year ended December 31, | 2009 | Operating results: | Revenues | Benefits and expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments(1) | Related charges-2 | Investment gains (losses) on trading account assets supporting insurance liabilities, net(3) | Change in experience-rated contractholder liabilities due to asset value changes-4 | Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d896ed7a4", "title": "", "text": "| Level 3 Derivative Assets and Liabilities at Fair Value for the Year Ended December 2013 | in millions | Interest rates — net | Credit — net | Currencies — net | Commodities — net | Equities — net | Total derivatives — net |"}
{"_id": "d8beec32c", "title": "", "text": "indicated that the estimated fair value of our cable franchise rights exceeded the carrying value (headroom) for each of our units of accounts by a significant amount (see table below).\nGiven the significant headroom that existed on July 1, 2008, we do not believe the current economic environment, regulatory changes, or the decline in our market capitalization since our July 1 testing, represent events or changes in circumstances that are indicative of an impairment of value at December 31, 2008.\nThe table below illustrates the impairment related to our various cable divisions that would have occurred had the hypothetical reductions in fair value existed at the time of our last annual impairment testing."}
{"_id": "d89a14eaa", "title": "", "text": "| 2008 $217,969 | 2009 | 2010 | 2011 | 2012 | Thereafter | Total |"}
{"_id": "d80ee2918", "title": "", "text": "FINANCIAL INFORMATION ABOUT GEOGRAPHIC AREAS Due to the nature of its business, CME Group does not track revenues based upon geographic location.\nWe do, however, track trading volume generated outside of traditional U. S.  trading hours and through our international telecommunication hubs.\nOur customers can directly access our exchanges throughout the world.\nThe following table shows the percentage of our total trading volume on our Globex electronic trading platform generated during non-U.\nS.  hours and through our international hubs."}
{"_id": "d87a5cbb2", "title": "", "text": "NYMEX Members’ Retirement Plan and Benefits.\nNYMEX maintained a retirement and benefit plan under the Commodities Exchange, Inc.  (COMEX) Members’ Recognition and Retention Plan (MRRP).\nThis plan provides benefits to certain members of the COMEX division based on long-term membership, and participation is limited to individuals who were COMEX division members prior to NYMEX’s acquisition of COMEX in 1994.\nNo new participants were permitted into the plan after the date of this acquisition.\nUnder the terms of the MRRP, the company is required to fund the plan with a minimum annual contribution of $0.4 million until it is fully funded.\nAll benefits to be paid under the MRRP are based on reasonable actuarial assumptions which are based upon the amounts that are available and are expected to be available to pay benefits.\nTotal contributions to the plan were $0.8 million for each of 2010, 2009 and for the period August 23 through December 31, 2008.\nAt December 31, 2010 and 2009, the total obligation for the MRRP totaled $20.7 million and $20.5 million,"}
{"_id": "d8b6bd58e", "title": "", "text": "Note 7.\nDerivatives and Hedging Activities Derivative Activities Derivatives are instruments that derive their value from underlying asset prices, indices, reference rates and other inputs, or a combination of these factors.\nDerivatives may be traded on an exchange (exchange-traded) or they may be privately negotiated contracts, which are usually referred to as OTC derivatives.\nCertain of the firms OTC derivatives are cleared and settled through central clearing counterparties (OTC-cleared), while others are bilateral contracts between two counterparties (bilateral OTC)."}
{"_id": "d8b3d7b26", "title": "", "text": "| Year Ended December 31, | 2018 | Net cash provided by (used for): | Operating activities | Investing activities | Financing activities | Net increase (decrease) in cash and cash equivalents |"}
{"_id": "d89f86aa0", "title": "", "text": "Loans Loans are an extension of credit to individuals, corporations, or government institutions.\nLoans vary across regions and industries and primarily include credit cards, mortgages, other real estate lending, personal loans, auto loans, student loans, and corporate loans.\nThe majority of loans are carried at cost with a minimal amount recorded at fair value.\nConsumer and corporate loans comprised 72% and 28%, respectively, of Citi’s total loans (net of unearned income and before the allowance for loan losses) as of December 31, 2009.\nDuring 2009, consumer loans (net of allowance for loan losses) decreased by $64 billion, or 14%, primarily due to a: ?\n$33 billion, or 12%, decrease in mortgage and real estate loans; and ?\n$17 billion, or 19%, decrease in credit card loans, mostly in the U. S.  These decreases were driven by tightened lending standards and credit activity during the year.\nDuring 2009, corporate loans decreased $46 billion, or 22%, primarily driven by a decrease of $21 billion, or 20%, in commercial and industrial loans.\nDuring 2009, average consumer loans (net of unearned income) of $456billion yielded an average rate of 7.8%, compared to $513billion and 8.9% in the prior year.\nAverage corporate loans of $190 billion yielded an average rate of 6.3% in 2009, compared to $221 billion and 7.7% in the prior year.\nFor further information, see “Loans Outstanding” under “Managing Global Risk—Credit Risk” and Note17 to the Consolidated Financial Statements."}
{"_id": "d8da148ca", "title": "", "text": "| Years Ended December 31 2010 2009 2008 | Expected dividend yield | Risk-free interest rate | Expected volatility | Expected life (years) |"}
{"_id": "d8e42cf92", "title": "", "text": "| As of December | $ in millions | Cash instruments | Derivatives | Other financial assets | Total |"}
{"_id": "d8d20b750", "title": "", "text": "cleanup of any PCB contamination that may have migrated to the Flushing River from the site, but such liability may be substantial.\nGowanus Canal In August 2009, CECONY received a notice of potential liability and request for information from the EPA about the operations of the company and its predecessors at sites adjacent or near the 1.8 mile Gowanus Canal in Brooklyn, New York.\nThe company understands that the EPA also has provided or will provide notices of potential liability and information requests to other parties.\nIn March 2010, the EPA added the Gowanus Canal to its National Priorities List of Superfund sites.\nThe canal’s adjacent waterfront is primarily commercial and industrial, currently consisting of concrete plants, warehouses, and parking lots, and the canal is near several residential neighborhoods.\nIn February 2011, the EPA released a report of its remedial investigation that confirmed there was significant contamination in the Gowanus Canal.\nIn December 2011, the EPA released a draft feasibility study that evaluated remedial alternatives.\nThe company expects that the cost of assessment and remediation of hazardous substances in and around the Gowanus Canal will be substantial.\nCECONY is unable to predict its exposure to liability with respect to the Gowanus Canal site.\nOther Superfund Sites CECONY is a potentially responsible party (PRP) with respect to other Superfund sites where there are other PRPs and where it is generally not responsible for managing the site investigation and remediation.\nWork at these sites is in various stages, with the company participating in PRP groups at some of the sites.\nInvestigation, remediation and monitoring at some of these sites have been, and are expected to continue to be, conducted over extended periods of time.\nThe company does not believe that it is reasonably likely that monetary sanctions, such as penalties, will be imposed upon it by any governmental authority with respect to these sites.\nThe following table lists each of CECONY’s other Superfund sites for which the company anticipates it may have a liability.\nThe table also shows for each such site, its location, the year in which the company was designated or alleged to be a PRP or to otherwise have responsibilities with respect to the site (shown in the table under “Start”), the name of the court or agency in which proceedings with respect to the site are pending and CECONY’s estimated percentage of total liability for each site.\nThe company currently estimates that its potential liability for investigation, remediation, monitoring and environmental damages at each site is less than $0.2 million, with the exception of the Cortese Landfill site, for which the estimate is $1.1 million and the Curcio Scrap Metal site, for which the estimate is $0.3 million.\nSuperfund liability is joint and several.\nThe company’s estimate of its liability for each site was determined pursuant to consent decrees, settlement agreements or otherwise and in light of the financial condition of other PRPs.\nThe company’s actual liability could differ substantially from amounts estimated."}
{"_id": "d8d9d0904", "title": "", "text": "| Due within one year $612.1 | Due between one and two years | Due between two and three years | Due after three years | Total | 2017 | Total generation(in billions of KWHs) | Total purchased power(in billions of KWHs) | Sources of generation(percent)— | Gas | Coal | Nuclear | Hydro | Other | Cost of fuel, generated(in cents per net KWH)— | Gas | Coal | Nuclear | Average cost of fuel, generated(in cents per net KWH) | Average cost of purchased power(in cents per net KWH)(*) |"}
{"_id": "d8bd316ea", "title": "", "text": "| December 31, | (in millions) | Commitment amount: | Undrawn commitments to extend credit | Financial standby letters of credit | Performance letters of credit | Commercial letters of credit | Marketing rights | Risk participation agreements | Residential mortgage loans sold with recourse | Total |"}
{"_id": "d81a6afce", "title": "", "text": "Equity securities are managed to track the performance of common market indices for both U. S.  and non-U.\nS.  securities, primarily across large cap, small cap and emerging market asset classes.\nDebt securities are managed to track the performance of common market indices for both U. S.  and non-U.\nS.  investment grade bonds as well as a pool of U. S.  high yield bonds.\nReal estate investment trusts are managed to track the performance of a broad population of investment grade non-agricultural income producing properties.\nThe Company’s investments in hedge funds include investments in a multi-strategy fund and an off-shore fund managed to track the performance of broad fund of fund indices.\nPooled pension funds are managed to return 1.5% in excess of a common index of similar pooled pension funds on a rolling three year basis.\nCash equivalents consist of holdings in a money market fund that seeks to equal the return of the three month U. S.  Treasury bill.\nThe fair value of real estate investment trusts is based primarily on the underlying cash flows of the properties within the trusts which are significant unobservable inputs and classified as Level 3.\nThe fair value of the hedge funds is based on the proportionate share of the underlying net assets of the funds, which are significant unobservable inputs and classified as Level 3.\nThe fair value of pooled pension funds and equity securities held in collective trust funds is based on the fund’s NAV and classified as Level 2 as they trade in principal-to-principal markets.\nEquity securities and mutual funds traded in active markets are classified as Level 1.\nFor debt securities and cash equivalents, the valuation techniques and classifications are consistent with those used for the Company’s own investments as described in Note 14."}
{"_id": "d8f21a834", "title": "", "text": "| Remaining Balance | December 31, 2015 | (In thousands) | Commercial, financing, leasing, etc. | Commercial real estate | Residential real estate | Consumer | Total |"}
{"_id": "d8ef0c534", "title": "", "text": "| Year ended  December 31, | $ in millions | Investment management fees | Service and distribution fees | Performance fees | Other | Total operating revenues | Third-party distribution, service and advisory expenses | Proportional share of revenues, net of third-partydistribution expenses, from joint venture investments | Management fees earned from consolidated investment products | Other revenues recorded by consolidated investment products | Net revenues |"}
{"_id": "d875346bc", "title": "", "text": "2007 compared with 2006 Total net revenue of $71.4 billion was up $9.4 billion, or 15%, from the prior year.\nHigher Net interest income, very strong private equity gains, record Asset management, administration and commissions revenue, higher Mortgage fees and related income and record Investment banking fees contributed to the revenue growth.\nThese increases were offset partially by lower trading revenue.\nInvestment banking fees grew in 2007 to a level higher than the previous record set in 2006.\nRecord advisory and equity underwriting fees drove the results, partially offset by lower debt underwriting fees.\nFor a further discussion of Investment banking fees, which are primarily recorded in IB, see the IB segment results on pages 4042 of this Annual Report.\nPrincipal transactions revenue consists of trading revenue and private equity gains.\nTrading revenue declined significantly from the 2006 level, primarily due to markdowns in IB of $1.4 billion (net of hedges) on subprime positions, including subprime CDOs, and $1.3 billion (net of fees) on leveraged lending funded loans and unfunded commitments.\nAlso in IB, markdowns in securitized products on nonsubprime mortgages and weak credit trading performance more than offset record revenue in currencies and strong revenue in both rates and equities.\nEquities benefited from strong client activity and record trading results across all products.\nIBs Credit Portfolio results increased compared with the prior year, primarily driven by higher revenue from risk management activities.\nThe increase in private equity gains from 2006 reflected a significantly higher level of gains, the classification of certain private equity carried interest as Compensation expense and a fair value adjustment in the first quarter of 2007 on nonpublic private equity investments resulting from the adoption of SFAS 157 (Fair Value Measurements).\nFor a further discussion of Principal transactions revenue, see the IB and Corporate segment results on pages 4042 and 5960, respectively, and Note 6 on page 122 of this Annual Report.\nLending & deposit-related fees rose from the 2006 level, driven primarily by higher deposit-related fees and the Bank of New York transaction.\nFor a further discussion of Lending & deposit-related fees, which are mostly recorded in RFS, TSS and CB, see the RFS segment results on pages 4348, the TSS segment results on pages 5455, and the CB segment results on pages 5253 of this Annual Report.\nAsset management, administration and commissions revenue reached a level higher than the previous record set in 2006.\nIncreased assets under management and higher performance and placement fees in AM drove the record results.\nThe 18% growth in assets under management from year-end 2006 came from net asset inflows and market appreciation across all segments: Institutional, Retail, Private Bank and Private Client Services.\nTSS also contributed to the rise in Asset management, administration and commissions revenue, driven by increased product usage by new and existing clients and market appreciation on assets under custody.\nFinally, commissions revenue increased, due mainly to higher brokerage transaction volume (primarily included within Fixed Income and Equity Markets revenue of IB), which more than offset the sale of the insurance business by RFS in the third quarter of 2006 and a charge in the first quarter of 2007 resulting from accelerated surrenders of customer annuities.\nFor additional information on these fees and commissions, see the segment discussions for IB on pages 4042, RFS on pages 4348, TSS on pages 5455, and AM on pages 5658, of this Annual Report.\nThe favorable variance resulting from Securities gains in 2007 compared with Securities losses in 2006 was primarily driven by improvements in the results of repositioning of the Treasury investment securities portfolio.\nAlso contributing to the positive variance was a $234 million gain from the sale of MasterCard shares.\nFor a further discussion of Securities gains (losses), which are mostly recorded in the Firms Treasury business, see the Corporate segment discussion on pages 5960 of this Annual Report.\nManagements discussion and analysis 112 JPMorgan Chase & Co. /2016 Annual Report debt and equity instruments are primarily funded by the Firms securities loaned or sold under agreements to repurchase, trading liabilitiesdebt and equity instruments, and a portion of the Firms long-term debt and stockholders equity.\nIn addition to funding securities borrowed or purchased under resale agreements and trading assets-debt and equity instruments, proceeds from the Firms debt and equity issuances are used to fund certain loans and other financial and non-financial assets, or may be invested in the Firms investment securities portfolio.\nSee the discussion below for additional information relating to Deposits, Short-term funding, and Long-term funding and issuance.\nDeposits The table below summarizes, by line of business, the period-end and average deposit balances as of and for the years ended December 31, 2016 and 2015."}
{"_id": "d87a4d310", "title": "", "text": "Segment Expenses.\nCommission and brokerage expenses increased by 4.6% to $284.6 million in 2010 compared to $272.2 million in 2009, primarily due to a shift in the mix of business across lines with different commission rates.\nSegment other underwriting expenses in 2010 decreased slightly to $33.9 million from $36.2 million in 2009.\nCommission and brokerage expenses decreased by 0.4% to $272.2 million in 2009 compared to $273.3 million in 2008, primarily due to the change in the mix and type of business written.\nSegment other underwriting expenses for 2009 increased to $36.2 million from $32.2 million for 2008, due to growth in the overall infrastructure."}
{"_id": "d891ea91e", "title": "", "text": "| September 30, | 2015 | $ in thousands | Loans held for investment: | C&I loans | CRE construction loans | CRE loans | Tax-exempt loans | Residential mortgage loans | SBL | Total loans held for investment | Net unearned income and deferred expenses | Total loans held for investment, net | Loans held for sale, net | Total loans held for sale and investment | Allowance for loan losses | Bank loans, net |"}
{"_id": "d8267f1c0", "title": "", "text": "Coal and Nuclear Operations The following table summarizes NRG's U. S.  coal and nuclear capacity and the corresponding revenues and average natural gas prices and positions resulting from coal and nuclear hedge agreements extending beyond December 31, 2015, and through 2019 for the Company's Gulf Coast region:\n(a) Net coal and nuclear capacity represents nominal summer net MW capacity of power generated as adjusted for the Company's ownership position excluding capacity from inactive/mothballed units, see Item 2 - Properties for units scheduled to be deactivated.\n(b) Forecasted generation dispatch output (MWh) based on forward price curves as of December 31, 2015, which is then divided by number of hours in a given year to arrive at MW capacity.\nThe dispatch takes into account planned and unplanned outage assumptions.\n(c) Includes amounts under power sales contracts and natural gas hedges.\nThe forward natural gas quantities are reflected in equivalent MWh based on forward market implied heat rate as of December 31, 2015, and then combined with power sales to arrive at equivalent MWh hedged which is then divided by number of hours in a given year to arrive at MW hedged.\nThe coal and nuclear sales include swaps and delta of options sold which is subject to change.\nFor detailed information on the Company's hedging methodology through use of derivative instruments, see discussion in Item 15 - Note 5, Accounting for Derivative Instruments and Hedging Activities, to the Consolidated Financial Statements.\nIncludes inter-segment sales from the Company's wholesale power generation business to the retail business.\n(d) Percentage hedged is based on total coal and nuclear sales as described in (c) above divided by the forecasted coal and nuclear capacity.\n(e) Represents U. S.  coal and nuclear sales, including energy revenue and demand charges."}
{"_id": "d88daca64", "title": "", "text": "Interest on variable rate debt was calculated using the interest rate at year-end 2016.\nAs of December 31, 2016, our gross liability for uncertain tax positions was $76 million.\nWe are not able to reasonably estimate the amount by which the liability will increase or decrease over an extended period of time or whether a cash settlement of the liability will be required.\nTherefore, these amounts have been excluded from the schedule of contractual obligations.\nRestructuring charges have been included as a component of cost of sales, special (gains) and charges and net income (loss) attributable to noncontrolling interest on the Consolidated Statement of Income.\nAmounts included as a component of cost of sales include supply chain related severance and other asset write-downs associated with combining operations.\nRestructuring liabilities have been classified as a component of both other current and other noncurrent liabilities on the Consolidated Balance Sheet.\nSee Note 3 for additional information regarding restructuring.\nRevenue Recognition The Company recognizes revenue on product sales at the time evidence of an arrangement exists, title to the product and risk of loss transfers to the customer, the price is fixed and determinable and collection is reasonably assured.\nThe Company recognizes revenue on services as they are performed.\nWhile the Company employs a sales and service team to ensure customer’s needs are best met in a high quality way, the majority of the Company’s revenue is generated from product sales.\nThe Company’s service businesses and service offerings are discussed in Note 17.\nSee the “New Accounting Pronouncements” table within this Note for discussion on future changes to revenue recognition.\nThe Company’s sales policies do not provide for general rights of return.\nEstimates used in recognizing revenue include the delay between the time that products are shipped and when they are received by customers, when title transfers and the amount of credit memos issued in subsequent periods.\nThe Company records estimated reductions to revenue for customer programs and incentive offerings, including pricing arrangements, promotions and other volume-based incentives at the time the sale is recorded.\nThe Company also records estimated reserves for anticipated uncollectible accounts and for product returns and credits at the time of sale.\nDepending on market conditions, the Company may increase customer incentive offerings, which could reduce gross profit margins over the term of the incentive.\nEarnings Per Common Share The difference in the weighted average common shares outstanding for calculating basic and diluted earnings attributable to Ecolab per common share is a result of the dilution associated with the Company’s equity compensation plans.\nAs noted in the table below, certain stock options and units outstanding under these equity compensation plans were not included in the computation of diluted earnings attributable to Ecolab per common share because they would not have had a dilutive effect.\nThe computations of the basic and diluted earnings attributable to Ecolab per share amounts were as follows:"}
{"_id": "d8c37ce6e", "title": "", "text": "| Payments Due in Fiscal | (In millions) | Debt service-1 | Operating lease commitments-2 | Unconditional purchase obligations-3 | Gross unrecognized tax benefits and interest — current-4 | Total contractual obligations |"}
{"_id": "d886120b0", "title": "", "text": "| Target Allocation Range Percentage of Plan Assets by Strategyat December 31 | PNC Pension Plan | Asset Category | Domestic Equity | International Equity | Private Equity | Total Equity | Domestic Fixed Income | High Yield Fixed Income | Total Fixed Income | Real estate | Other | Total |"}
{"_id": "d8ac9ffa2", "title": "", "text": "| December 31, 2014 December 31, 2013 | (in thousands, except percentages) | Cash accounts | Money market mutual funds | Total |"}
{"_id": "d8a2c36be", "title": "", "text": "McKESSON CORPORATION FINANCIAL REVIEW (Continued) 31 Our Distribution Solutions segment uses the LIFO method of accounting for the majority of its inventories, which results in cost of sales that more closely reflects replacement cost than do other accounting methods, thereby mitigating the effects of inflation and deflation on operating profit.\nThe practice in the Distribution Solutions’ distribution businesses is to pass on to customers published price changes from suppliers.\nManufacturers generally provide us with price protection, which limits price-related inventory losses.\nPrice declines on many generic pharmaceutical products in this segment over the last few years have moderated the effects of inflation in other product categories, which resulted in minimal overall price changes in those years.\nAdditional information regarding our LIFO accounting is included under the caption “Critical Accounting Policies” included in this Financial Review.\nIn 2007, our Distribution Solutions segment’s gross profit margin increased compared to the prior year.\nGross profit margin was impacted by higher buy side margins, the benefit of increased sales of generic drugs with higher margins and an increase in LIFO inventory credits ($64 million in 2007 compared with $32 million in 2006).\nIn addition, gross profit margin benefited from a relatively stable sell side margin.\nPartially offsetting these increases was a decrease associated with antitrust settlements ($10 million in 2007 compared with $95 million in 2006), $15 million of impairment charges associated with the write-down of certain abandoned assets within our retail automation group and a decrease associated with a larger proportion of revenues within the segment attributed to sales to customers’ warehouses.\nDuring the first quarter of 2007, we contributed $36 million in cash and $45 million in net assets primarily from our Automated Prescription Systems business to Parata Systems, LLC (“Parata”), in exchange for a significant minority interest in Parata.\nParata is a manufacturer of pharmacy robotic equipment.\nIn connection with the investment, we abandoned certain assets which resulted in a $15 million charge to cost of sales and we incurred $6 million of other expenses related to the transaction which were recorded within operating expenses.\nWe did not recognize any additional gains or losses as a result of this transaction as we believe the fair value of our investment in Parata approximates the carrying value of consideration contributed to Parata.\nOur investment in Parata is accounted for under the equity method of accounting within our Distribution Solutions segment.\nTechnology Solutions segment’s gross profit margin decreased primarily reflecting a change in product mix.\nIn 2008, this segment’s product mix included a higher proportion of lower margin Per-Se service revenues.\nPartially offsetting this decrease, 2008 gross profit margin was positively impacted by the recognition of $21 million of disease management deferred revenues for a contract for which expenses associated with these revenues were previously recognized as incurred."}
{"_id": "d828a5a26", "title": "", "text": "| At December 31, | (Dollars in millions) | U.S. Reinsurance | International | Bermuda | Total | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8dcf0daa", "title": "", "text": "Transportation Plan – In 2008, we will continue to evaluate traffic flows and network logistic patterns to identify additional opportunities to simplify operations and improve network efficiency and asset utilization.\nWe plan to maintain adequate manpower and locomotives, improve productivity using industrial engineering techniques, and improve our operating margins.  ?"}
{"_id": "d815dd894", "title": "", "text": "Merrill Lynch Global Wealth Management Effective January 1, 2009, as a result of the Merrill Lynch acquisition, we combined the Merrill Lynch wealth management business and our former Premier Banking & Investments business to form MLGWM.\nMLGWM provides a high-touch client experience through a network of approximately 15,000 client-facing financial advisors to our affluent customers with a personal wealth profile of at least $250,000 of investable assets.\nThe addition of Merrill Lynch created one of the largest financial advisor networks in the world.\nMerrill Lynch added $10.3 billion in revenue and $1.6 billion in net income during 2009.\nTotal client balances in MLGWM, which include deposits, AUM, client brokerage assets and other assets in custody, were $1.4 trillion at December 31, 2009.\nMLGWM includes the impact of migrating customers and their related deposit and loan balances to or from Deposits and Home Loans & Insurance.\nAs of the date of migration, the associated net interest income, noninterest income and noninterest expense are recorded in the segment to which the customers migrated.\nDuring 2009, total deposits of $43.4 billion were migrated to Deposits from MLGWM.\nConversely, during 2008, total deposits of $20.5 billion were migrated from Deposits to MLGWM.\nDuring 2009 and 2008, total loans of $16.6 billion and $1.7 billion were migrated from MLGWM, of which $11.5 billion and $1.6 billion were migrated to Home Loans & Insurance.\nThese changes in 2009 were mainly due to client segmentation threshold changes resulting from the Merrill Lynch acquisition."}
{"_id": "d8a54c6e2", "title": "", "text": "| Same Store Year-over-Year Change | Three Months Ended: | March 31, 2008 | June 30, 2008 | September 30, 2008 | December 31, 2008 | For entire year: 2008 | March 31, 2009 | June 30, 2009 | September 30, 2009 | December 31, 2009 | For entire year: 2009 | Year Ended December 31, | 2010 | (Amounts in thousands, except for weighted average data) | Same Store Facilities Operating Trends by Region | Revenues: | Southern California (184 facilities) | Northern California (167 facilities) | Texas (230 facilities) | Florida (185 facilities) | Illinois (121 facilities) | Washington (90 facilities) | Georgia (87 facilities) | All other states (861 facilities) | Total revenues | Southern California | Northern California | Texas | Florida | Illinois | Washington | Georgia | All other states | Total cost of operations | Southern California | Northern California | Texas | Florida | Illinois | Washington | Georgia | All other states | Total net operating income | Weighted average occupancy: | Southern California | Northern California | Texas | Florida | Illinois | Washington | Georgia | All other states | Total weighted average occupancy | Unsecured debt | 2011 | 2012 | 2013 | 2014 | 2015 | Thereafter | $289,992 |"}
{"_id": "d8b9233fa", "title": "", "text": "| 2008 2007 2006 | Dollars in millions | Federal funds purchased | Year-end balance | Average during year | Maximum month-end balance during year | December 31, 2008 – in millions | Three months or less | Over three through six months | Over six through twelve months | Over twelve months | Total | December 31, 2008In millions | Commercial | Real estate projects | Total | Loans with Predetermined rate | Floating or adjustable rate | Total | High | 2008 Quarter | First | Second | Third | Fourth | Total | 2007 Quarter | First | Second | Third | Fourth | Total | 12/31/02 | United Parcel Service, Inc. | S&P 500 Index | Dow Jones Transportation Average |"}
{"_id": "d872c719a", "title": "", "text": "| Years ended December 31, Federal State | 2006 to 2010 | 2011 to 2015 | 2016 to 2020 | 2021 to 2025 | Total |"}
{"_id": "d861b4678", "title": "", "text": "| Payments Due By Period | Contractual Obligations | Long-term debt | Interest on long-term debt | Operating leases | Unconditional purchase obligations(a) | Contractual development obligations(b) | Total contractual cash obligations |"}
{"_id": "d8f5af4b8", "title": "", "text": "AIG LIFE AND RETIREMENT AIG Life and Retirement presents its operating results in two operating segments — Retail and Institutional.\nAIG Life and Retirement 2013 Highlights Premiums and deposits improved significantly in 2013 compared to 2012, primarily from strong sales of annuities in our Retirement Income Solutions and Fixed Annuities product lines and increased Retail Mutual Fund sales.\nThe improvement in Retirement Income Solutions resulted from our efforts to increase sales while managing risk by meeting the strong market demand for guaranteed features with innovative variable annuity products and expanded distribution.\nAs a result of the 2013 increase in premiums and deposits, net flows on investment products improved in 2013 compared to 2012.\nNet flows from our Fixed Annuities product line, while still negative in 2013, improved compared to 2012 as a result of the modest rise in interest rates in the second half of 2013, which has increased the demand for fixed annuities.\nPre-tax operating income increased in 2013 compared to 2012 due to higher fee income from growth in variable annuity assets under management and active spread management in our interest rate sensitive product lines.\nThe increase in net investment income in 2013 compared to 2012 reflected higher alternative investment income, partially offset by fair value gains on ML II in 2012 that did not recur in 2013 and reinvestment of investment proceeds at lower rates.\nPre-tax operating income in 2013 also included a $153 million net increase from adjustments to update certain estimated gross profit assumptions used to amortize DAC and related items in our investment-oriented product lines.\nThese adjustments increased 2013 pre-tax operating income in our Retail operating segment by $198 million and decreased 2013 pre-tax operating income in our Institutional operating segment by $45 million.\nSee Critical Accounting Estimates — Estimated Gross Profits for Investment-Oriented Products (AIG Life and Retirement) for additional discussion of updated estimated gross profit assumptions.\nPre-tax operating income in 2012 also included $234 million of expenses related to the resolution of multi-state regulatory examinations of death claims practices and additional reserves for long-term care products and the GIC portfolio.\nPre-tax income increased in 2013 compared to 2012, reflecting the increases in pre-tax operating income as well as increases in legal settlements with financial institutions that participated in the creation, offering and sale of RMBS from which AIG and its subsidiaries realized losses during the financial crisis.\nAdditionally, pre-tax income increased due to net realized capital gains from continued investment sales to utilize capital loss carryforwards, which increased in 2013 compared to 2012.\nHowever, reinvestment of these sales proceeds at lower current yields has contributed to lower future investment returns, reducing spreads in interest-sensitive product lines, and resulting in loss recognition for certain traditional products in 2013 and 2012, which was reported in Changes in benefit reserves and DAC, VOBA and SIA related to net realized capital gains (losses).\nSee AIG Life and Retirement Reserves and DAC — Other Reserve Changes for additional discussion of loss recognition.\nDividends and loan repayments paid by AIG Life and Retirement subsidiaries to AIG Parent increased to $4.4 billion in 2013 from $2.9 billion in 2012 from strong pre-tax income, as we continue to pursue capital efficiency and leverage our streamlined legal structure.\nThe increase in dividends in 2013 compared to 2012 is primarily due to legal settlement proceeds in 2013.\nPART II Income Tax Benefit.\nThe variance was primarily due to a decrease in pretax income and the impact of PTCs for the renewables portfolio.\nMatters Impacting Future Commercial Renewables Results Changes or variability in assumptions used in calculating the fair value of the Commercial Renewables reporting units for goodwill testing purposes, including but not limited to legislative actions related to tax credit extensions, long-term growth rates and discount rates could significantly impact the estimated fair value of the Commercial Renewables reporting units.\nIn the event of a significant decline in the estimated fair value of the Commercial Renewables reporting units, goodwill or other asset impairment charges could be recorded.\nThe carrying value of goodwill within Commercial Renewables was approximately $93 million at December 31, 2017.\nPersistently low market pricing for wind resources, primarily in the Electric Reliability Council of Texas West market and the future expiration of tax incentives including ITCs and PTCs could result in adverse impacts to the future results of Commercial Renewables.\nWithin this Item 7, see the Tax Cuts and Jobs Act above as well as Liquidity and Capital Resources below for risks associated with the Tax Act.\nOther"}
{"_id": "d8271c5ec", "title": "", "text": "| 2004 2003 2002 2001 | $61,592 |"}
{"_id": "d834c52b6", "title": "", "text": "Pensions and Other Postretirement Benefits Defined Benefit Plans PPG has defined benefit pension plans that cover certain employees worldwide.\nThe principal defined benefit pension plans are those in the U. S. , Canada, the Netherlands and the U. K. which, in the aggregate represent approximately 91% of the projected benefit obligation at December 31, 2013, of which the U. S. defined benefit pension plans represent the majority.\nPPG also sponsors welfare benefit plans that provide postretirement medical and life insurance benefits for certain U. S. and Canadian employees and their dependents.\nThese programs require retiree contributions based on retiree-selected coverage levels for certain retirees and their dependents and provide for sharing of future benefit cost increases between PPG and participants based on management discretion.\nThe Company has the right to modify or terminate certain of these benefit plans in the future.\nSalaried and certain hourly employees in the U. S. hired on or after October 1, 2004, or rehired on or after October 1, 2012 are not eligible for postretirement medical benefits.\nSalaried employees in the U. S. hired, rehired or transferred to salaried status on or after January 1, 2006, and certain U. S. hourly employees hired in 2006 or thereafter are eligible to participate in a defined contribution retirement plan.\nThese employees are not eligible for defined benefit pension plan benefits.\nPlan Design Changes In January 2011, the Company approved an amendment to one of its U. S. defined benefit pension plans that represented about 77% of the total U. S. projected benefit obligation at December 31, 2011.\nDepending upon the affected employee's combined age and years of service to PPG, this change resulted in certain employees no longer accruing benefits under this plan as of December 31, 2011, while the remaining employees will no longer accrue benefits under this plan as of December 31, 2020.\nThe affected employees will participate in the Company’s defined contribution retirement plan from the date their benefit under the defined benefit plan is frozen.\nThe Company remeasured the projected benefit obligation of this amended plan, which lowered 2011 pension expense by approximately $12 million.\nThe Company made similar changes to certain other U. S. defined benefit pension plans in 2011.\nThe Company recognized a curtailment loss and special termination benefits associated with these plan amendments of $5 million in 2011.\nThe Company plans to continue reviewing and potentially changing other PPG defined benefit plans in the future.\nSeparation and Merger of Commodity Chemicals Business On January 28, 2013, PPG completed the separation of its commodity chemicals business and the merger of the subsidiary holding the PPG commodity chemicals business with a subsidiary of Georgia Gulf, as discussed in Note 22, “Separation and Merger Transaction.\n” PPG transferred the defined benefit pension plan and other postretirement benefit liabilities for the affected employees in the U. S. , Canada, and Taiwan in the separation resulting in a net partial settlement loss of $33 million"}
{"_id": "d86e6de46", "title": "", "text": "Financial Statements, Note 4, Variable Interest Entities.\n We do not have a direct or contingent obligation related to our unconsolidated variable interest entities (VIE) other than described below.\nGuarantees and Indemnifications.\nFor guarantee and indemnification information, see Item 8.\nFinancial Statements and Supplementary Data, Notes to Consolidated Financial Statements, Note 13, Contingencies, Guarantees and Indemnifications under the caption, Guarantees and Indemnifications.\n Financial Strength Rating and Credit Ratings Our ratings are influenced by the relative ratings of our peers/competitors as well as many other factors including our operating and financial performance, asset quality, liquidity, asset/liability management, overall portfolio mix, financial leverage (i. e. , debt), risk exposures, operating leverage, ratings and other factors.\nNRSROs publish financial strength ratings on U. S.  life insurance companies that are indicators of an insurance companys ability to meet contractholder and policyholder obligations.\nNRSROs also assign credit ratings on non-life insurance entities, such as PFG and PFS.\nCredit ratings are indicators of a debt issuers ability to meet the terms of debt obligations in a timely manner, and are important factors in overall funding profile and ability to access external capital.\nSuch ratings are not a recommendation to buy, sell or hold securities.\nRatings are subject to revision or withdrawal at any time by the assigning NRSRO.\nEach of A. M.  Best Company, Inc. , Fitch Ratings Ltd. , Moodys Investors Service, and Standard & Poors revised its outlook for the U. S.  life insurance sector to negative from stable in mid-to-late 2008.\nThis negative outlook is still in place as of year end 2009.\nOf the many issues cited, the negative outlook was primarily based on expectations for higher-than-normal credit losses, negative impact of the volatile equity market on earnings and reduced financial flexibility.\nThese outlook revisions resulted in an increased review of the U. S.  life insurance sector by the major independent rating organizations.\nAs a result, there have been and will continue to be changes in the benchmarks for capital, liquidity, earnings and other factors used by these NRSROs that are critical to a ratings assignment at a particular rating level.\nAs a reflection of the change by the rating agencies of their view of the market and the impact on life insurance companies, Principal Life experienced negative rating actions by the agencies in the first quarter of 2009.\nIn the second quarter of 2009, there were positive actions taken on Principal Lifes rating outlook subsequent to the issuance of equity and debt.\nOn May 13, 2009, S&P affirmed Principal Lifes insurance financial strength rating of A+ and changed the outlook to positive from stable.\nSimilarly, on May 13, 2009, Fitch affirmed Principal Lifes insurance financial strength rating of AA , and changed the outlook to negative from rating watch negative.\nThis rating was reaffirmed on February 16, 2010.\nFitch maintains the negative outlook on the rating.\nFurther, on May 20, 2009, Moodys affirmed Principal Lifes insurance financial strength rating of Aa3 and changed the outlook to stable from negative.\nThis rating was reaffirmed on November 25, 2009.\nAM Best maintains the negative outlook on Principal Lifes insurance financial strength rating of A+.\nThe changes in the outlook on Principal Lifes ratings indicate the positive view that the agencies have on our debt and equity issuances; however, the agencies still have concerns about the potential impact of the economic turmoil on Principal Lifes financial flexibility.\nIn July 2009, PNLIC financial strength ratings were publicly announced.\nPNLIC has been established to write individual life insurance products in 49 states.\nInitially only fixed products will be sold, with variable products being added at a later date.\nThe following table summarizes our significant financial strength and debt ratings from the major independent rating organizations.\nThe debt ratings shown are indicative ratings.\nOutstanding issuances are rated the same as indicative ratings unless otherwise noted.\nActual ratings can differ from indicative ratings based on contractual terms."}
{"_id": "d8f01670e", "title": "", "text": "| Plan Category Number of securitiesto be issued uponexercise ofoutstanding options,warrantsand rights(a) Weighted-averageexercise price ofoutstanding options,warrants and rights(b) Number ofsecuritiesremaining available forfuture issuance underequity compensationplans (excludingsecurities reflected incolumn (a))(c) | Equity compensation plans approved by security holders | Total |"}
{"_id": "d8ab10ff6", "title": "", "text": "Net trading gains on sales and maturities of fixed maturity securities of $207 million in 2010 were primarily due to sales within our Retirement and Individual Annuities segments.\nIncluded in the gross gains on sales and maturities of fixed maturity securities were $4 million of gross gains related to the sale of asset-backed securities collateralized by sub-prime mortgages.\nNet trading gains on sales and maturities of fixed maturity securities of $469 million in 2009 were primarily due to sales of government bonds in our Gibraltar Life and Japanese Life Planner operations and sales within our Individual Annuities segment.\nSales of fixed maturity securities in our Individual Annuities segment were primarily due to transfers of investments out of our general account and into separate accounts relating to an automatic rebalancing element embedded in the living benefit features of some of our variable annuity products.\nThere were no sales in 2009 related to asset-backed securities collateralized by sub-prime mortgages.\nSee General Account InvestmentsFixed Maturity SecuritiesAsset-Backed Securities for additional information regarding our exposure to sub-prime mortgages.\nSee below for additional information regarding the other-than-temporary impairments of fixed maturity securities in 2010 and 2009."}
{"_id": "d8ec316c0", "title": "", "text": "| AmountAssigned(in millions) WeightedAverageAmortizationPeriod(in years) Range of Risk-Adjusted DiscountRates used inPurchase PriceAllocation | Amortizable intangible assets: | Technology-related | Customer relationships | Indefinite-lived intangible assets: | Purchased research and development | $321 |"}
{"_id": "d8876014c", "title": "", "text": "As of December 31, 2007, we held $19,990.4 million in available-for-sale fixed maturity securities with unrealized losses of $1,187.6 million.\nOf these amounts, Principal Lifes consolidated portfolio represented $19,574.5 million in available-for-sale fixed maturity securities with unrealized losses of $1,168.2 million.\nPrincipal Lifes consolidated portfolio consisted of fixed maturity securities where 95% were investment grade (rated AAA through BBB-) with an average price of 94 (carrying value/amortized cost) at December 31, 2007.\nDue to the credit disruption in the last half of 2007 that led to reduced liquidity and wider credit spreads, we saw an increase in unrealized losses in our securities portfolio.\nThe unrealized losses were more pronounced in structured products such as collateralized debt obligations and asset-backed securities.\nFor those securities that had been in a loss position for less than twelve months, Principal Lifes consolidated portfolio held 1,268 securities with a carrying value of $11,897.8 million and unrealized losses of $785.5 million reflecting an average price of 94 at December 31, 2007.\nOf this portfolio, 93% was investment grade (rated AAA through BBB-) at December 31, 2007, with associated unrealized losses of $738.0 million.\nThe losses on these securities can primarily be attributed to changes in market interest rates and changes in credit spreads since the securities were acquired.\nFor those securities that had been in a continuous loss position greater than or equal to twelve months, Principal Lifes consolidated portfolio held 945 securities with a carrying value of $7,676.7 million and unrealized losses of $382.7 million.\nThe average rating of this portfolio was A with an average price of 95 at December 31, 2007.\nOf the $382.7 million in unrealized losses, the Corporate-public and Corporate-private sectors accounted for $283.8 million in unrealized losses with an average price of 95 and an average credit rating of BBB+.\nThe remaining unrealized losses consisted primarily of $95.6 million in unrealized losses within the mortgage-backed and other asset-backed securities sector at December 31, 2007.\nThe average price of the mortgage-backed and other asset-backed securities sector was 96 and the average credit rating was AA+.\nThe losses on these securities can primarily be attributed to changes in market interest rates and changes in credit spreads since the securities were acquired.\nBecause we had the ability and intent to hold the available-for-sale securities with unrealized losses until a recovery of fair value, which may be maturity, we did not consider these investments to be other-than-temporarily impaired at December 31, 2007."}
{"_id": "d86d1648a", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | 2017 | Attritional | Catastrophes | Total segment | 2016 | Attritional | Catastrophes | Total segment | 2015 | Attritional | Catastrophes | Total segment | Variance 2017/2016 | Attritional | Catastrophes | Total segment | Variance 2016/2015 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8a7f55ec", "title": "", "text": "| In millions of dollars, except as otherwise noted 2018 2017 2016 % Change2018 vs. 2017 % Change2017 vs. 2016 | Net interest revenue | Non-interest revenue | Total revenues, net of interest expense | Total operating expenses | Net credit losses | Credit reserve build | Provision for unfunded lending commitments | Provision for benefits and claims | Provisions for credit losses and for benefits and claims | Income from continuing operations before taxes | Income taxes | Income from continuing operations | Noncontrolling interests | Net income | Balance Sheet data and ratios(in billions of dollars) | Average assets | Return on average assets | Efficiency ratio | Average deposits | Net credit losses as a percentage of average loans | Revenue by business | Retail banking | Citi-branded cards | Citi retail services | Total | Income from continuing operations by business | Retail banking | Citi-branded cards | Citi retail services | Total |"}
{"_id": "d8d1eac30", "title": "", "text": "| December 31, | 2015 | (tons in thousands) | Ammonia-1 | Granular urea | UAN -32% | AN |"}
{"_id": "d87feda7c", "title": "", "text": "| Payments by Period | Total | (Dollars in millions) | Long-term debt, including capitalized leases-1 | Minimum operating lease payments | Purchase obligations-2 | Estimated environmental liability payments | Asbestos related liability payments-3 | 11,985 | Asbestos insurance recoveries-4 | $10,512 |"}
{"_id": "d8d34d9b0", "title": "", "text": "| Weighted- Average Rate | Notional Amount (Inthousands) | December 31, 2017 | Fair value hedges: | Fixed rate long-term borrowings(b) | Cash flow hedges: | Variable rate commercial real estateloans(b)( c) | Total | December 31, 2016 | Fair value hedges: | Fixed rate long-term borrowings(b) |"}
{"_id": "d8bc95402", "title": "", "text": "| Payments Due by Period | Contractual Obligations | (Dollars in thousands) | Homebuilding—Senior notes and other debts payable | Financial Services—Notes and other debts payable (including limited-purpose financesubsidiaries) | Operating leases | Total contractual cash obligations |"}
{"_id": "d86bc2a48", "title": "", "text": "| Payments Due | (in millions) | Long-term debt-1 | Interest on borrowings-2 | Operating leases-3 | Purchase obligations-4: | Inventory and production costs | Other | 7,270 | Other long-term liabilities-5 | $53,838 |"}
{"_id": "d8c64e944", "title": "", "text": "| Year ended December 31,(in millions, except rates) 2015 2014 2013 | Net interest income – managed basis(a)(b) | Less: Markets-based net interest income | Net interest income excluding markets(a) | Average interest-earning assets | Less: Average markets-based interest-earning assets | Average interest-earning assets excluding markets | Net interest yield on average interest-earning assets – managed basis | Net interest yield on average markets-based interest-earning assets | Net interest yield on average interest-earning assets excluding markets |"}
{"_id": "d8d1726c2", "title": "", "text": "| 2005 2004 2003 2002-1 2001 | (In millions of dollars, except per share data) | Consolidated Statement of Operations Data: | Net sales | Gross profit | Operating profit-2(3) | Earnings (loss) before income taxes | Net earnings (loss) | Series A convertible preferred stock dividends-4 | Earnings (loss) per common share | Basic | Diluted | Consolidated Balance Sheet Data: | Working capital net asset (net liability)(5) | Total assets-5 | Long-term debt, less current portion-4(5)(6) | Series A convertible preferred stock-4 | Total shareholders' equity | Other Data: | EBIT-8 | Depreciation and amortization-2 | EBITDA-7 | Capital expenditures |"}
{"_id": "d8cb1d88a", "title": "", "text": "| 2007 2006 | Raw materials and packaging | Work in progress | Finished goods | Supplies and other | Total |"}
{"_id": "d8aaf85d2", "title": "", "text": "| As of December 31, 2015 As of December 31, 2014 | Notional | (in millions) | Equity securities-1 | Equity-based derivatives-2 | Variable annuity and other living benefit feature embedded derivatives-2(3) | Net estimated potential loss |"}
{"_id": "d8b51fb96", "title": "", "text": "| Years ended December 31, | 2008 | Expected volatility1 | Expected term (years)2 | Risk free interest rate3 | Expected dividend yield4 |"}
{"_id": "d8c029884", "title": "", "text": "Non-Stock Based Incentive Plans Deferred Compensation Th e deferred compensation programs consist of the AIP, the ASIC and the ADC Plans.\nTh e AIP and ASIC Plans provided key employees the ability to exchange a portion of their compensation for options to purchase certain third-party mutual funds.\nTh e AIP and ASIC Plans were frozen in December 2004 and no additional contributions can be made to either Plan.\nEff ective March 1, 2005 and amended and restated January 1, 2008, the ADC Plan was established in order to comply with the American Jobs Creation Act of 2004 (Jobs Act) and IRC Section 409A.\nTh e ADC Plan provides key employees the ability to defer a portion of their eligible compensation to be notionally invested in a variety of mutual funds.\nDeferrals and withdrawals under the ADC Plan are intended to be fully compliant with the Jobs Act defi nition of eligible compensation and distribution requirements.\nD. R.  HORTON, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) recorded.\nThe Companys inventory under active development and construction was lower than its debt level during fiscal 2011, 2010 and 2009; therefore, a portion of the interest incurred is reflected as interest expense.\nThe following table summarizes the Companys homebuilding interest costs incurred, capitalized, expensed as interest expense, charged to cost of sales and written off during the years ended September 30, 2011, 2010 and 2009:"}
{"_id": "d8d8cc7c4", "title": "", "text": "| Year Ended January 31 | National Security Solutions | (dollars in millions) | Revenues | Operating income | Operating income margin |"}
{"_id": "d89420940", "title": "", "text": "| Year ended December 31, Total net revenue Noninterest expense | (in millions, except ratios) | Investment Bank | Retail Financial Services | Card Services | Commercial Banking | Treasury & SecuritiesServices | Asset Management | Corporate(b) | Total |"}
{"_id": "d8f094758", "title": "", "text": "| For the years ended December 31, 2009 2008 2007 | In thousands of dollars | Net income | Depreciation and amortization | Stock-based compensation and excess tax benefits | Deferred income taxes | Business realignment and impairment charges, net of tax | Contributions to pension plans | Working capital | Changes in other assets and liabilities | Net cash provided from operating activities |"}
{"_id": "d8ad8a4f8", "title": "", "text": "Related depreciation expense on real estate was $135 million, $136 million and $130 million for the years ended December 31, 2009, 2008 and 2007, respectively.\nThese amounts include $1 million, $1 million and $3 million of depreciation expense related to discontinued operations for the years ended December 31, 2009, 2008 and 2007, respectively.\nThere were no impairments recognized on real estate held-for-sale for each of the years ended December 31, 2009, 2008 and 2007.\nImpairments of real estate and real estate joint ventures held-for-investment were $160 million and $20 million for the years ended December 31, 2009 and 2008, respectively.\nThere were no impairments of real estate and real estate joint ventures held-for-investment for the year ended December 31, 2007.\nThe carrying value of non-income producing real estate was $76 million and $28 million at December 31, 2009 and 2008, respectively.\nThe Company diversifies its real estate holdings by both geographic region and property type to reduce risk of concentration.\nThe Companys real estate holdings are primarily located in the United States, and at December 31, 2009, 23%, 13%, 11% and 10% were located in California, Florida, New York and Texas, respectively.\nReal estate holdings were categorized as follows:"}
{"_id": "d8d000cf8", "title": "", "text": "| 2018 2017 | Number of shares repurchased | Amount paid | Weighted average cost per share |"}
{"_id": "d8170ca8a", "title": "", "text": "| 2007 2006 | High | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d813a3fec", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Management’s Discussion and Analysis 2018 versus 2017.\nProvision for credit losses in the consolidated statements of earnings was $674 million for 2018, compared with $657 million for 2017, as the higher provision for credit losses primarily related to consumer loan growth in 2018 was partially offset by an impairment of approximately $130 million on a secured loan in 2017.2017 versus 2016.\nProvision for credit losses in the consolidated statements of earnings was $657 million for 2017, compared with $182 million for 2016, reflecting an increase in impairments, which included an impairment of approximately $130 million on a secured loan in 2017, and higher provision for credit losses primarily related to consumer loan growth.\nOperating Expenses Our operating expenses are primarily influenced by compensation, headcount and levels of business activity.\nCompensation and benefits includes salaries, discretionary compensation, amortization of equity awards and other items such as benefits.\nDiscretionary compensation is significantly impacted by, among other factors, the level of net revenues, overall financial performance, prevailing labor markets, business mix, the structure of our share-based compensation programs and the external environment.\nIn addition, see “Use of Estimates” for further information about expenses that may arise from litigation and regulatory proceedings.\nThe table below presents operating expenses by line item and headcount."}
{"_id": "d8daf9e84", "title": "", "text": "| Increase (Decrease) | Electric | Weather | Volume | Pricing | Regulatory required programs | Other | Total decrease | For Years Ended December 31 | 2011 | (In millions, except per share data) | TIER 1 COMMON RISK-BASED RATIO | Stockholders’ equity (GAAP) | Accumulated other comprehensive (income) loss | Non-qualifying goodwill and intangibles | Disallowed deferred tax assets-4 | Disallowed servicing assets | Qualifying non-controlling interests | Qualifying trust preferred securities | Tier 1 capital (regulatory) | Qualifying non-controlling interests | Qualifying trust preferred securities | Preferred stock | Tier 1 common equity (non-GAAP) | Risk-weighted assets (regulatory) | Tier 1 common risk-based ratio (non-GAAP) | BASEL III RATIOS | Stockholders’ equity (GAAP) | Non-qualifying goodwill and intangibles-5 | Adjustments, including other comprehensive income related to cash flow hedges, disallowed deferred tax assets, thresholddeductions and other adjustments | 10,580 | Qualifying non-controlling interests | Basel III tier 1 capital (non-GAAP) | Basel III tier 1 capital (non-GAAP) | Preferred stock | Qualifying non-controlling interests | Basel III tier 1 common (non-GAAP) | Basel I risk-weighted assets (regulatory) | Basel III risk-weighted assets (non-GAAP)(6) | Basel III tier 1 capital ratio (non-GAAP) | Basel III tier 1 common ratio (non-GAAP) |"}
{"_id": "d88e1c6a2", "title": "", "text": "Tables of Contents As of July 31, 2018, we have not completed our accounting for the tax effects of enactment of the 2017 Tax Act; however, we have made a reasonable estimate of the effects on our existing deferred tax balances.\nWe recorded a provisional charge of $43 million for fiscal year 2018, including a provisional charge reduction of $1 million during the fourth quarter related to the re-measurement of certain deferred tax balances.\nAdditionally, we have made provisional estimates of the impact of the 2017 Tax Act’s changes to our fiscal 2018 annual effective tax rate for items such as meals and entertainment and executive deferred compensation deductions.\nWe do not expect to have any material tax impact from the foreign tax provisions of the 2017 Tax Act.\nOn December 22, 2017 the SEC issued Staff Accounting Bulletin No.118 (SAB 118), which provides guidance for companies that are not able to complete their accounting for the income tax effects of the Act in the period of enactment.\nThe guidance allows us to record provisional amounts to the extent a reasonable estimate can be made and provides us with up to one year from enactment date to finalize accounting for the impacts of the 2017 Tax Act.\nSince the 2017 Tax Act was passed in Intuit’s second quarter, the deferred tax re-measurements and other items are considered provisional due to the forthcoming guidance and ongoing analysis of the final year-end data and tax positions.\nThe analysis is expected to be completed within the 12-month measurement period in accordance with SAB 118.\nDuring fiscal year 2018, we completed a reorganization which resulted in a taxable liquidation of a subsidiary.\nThe transaction gave rise to a capital loss which is available for carryback to prior years to offset capital gain income previously recognized.\nAs a result, we recognized a tax benefit of $35 million during the fourth quarter of fiscal 2018.\nThe state income tax line in the table above includes excess tax benefits related to share-based compensation of $6 million and $3 million for the twelve months ended July 31, 2018 and 2017, respectively.\nIn December 2015 the Consolidated Appropriations Act, 2016 was signed into law, and includes a permanent reinstatement of the federal research and experimentation credit that was retroactive to January 1, 2015.\nWe recorded a discrete tax benefit of approximately $12 million for the retroactive effect during the twelve months ended July 31 2016.\nThe U. S.  deferred income taxes as of July 31, 2018 reflect the reduction in the U. S.  statutory tax rate from 35% to 21% resulting from the 2017 Tax Act.\nSignificant deferred tax assets and liabilities were as follows at the dates indicated:"}
{"_id": "d863f4fe6", "title": "", "text": "| 1 st Quarter 2 nd Quarter 3 rd Quarter 4thQuarter | Ordinary Income | Long-term Capital Gain | Total |"}
{"_id": "d8cff51fa", "title": "", "text": "| Hedging Instruments and Hedged Items Location of Gain (Loss)Recognized in Income Gain (Loss) Recognized in Income | 2011 | Interest rate swaps | Fixed-rate debt | Total | 2010 | Interest rate swaps | Fixed-rate debt | Total | Gain (Loss)Recognized in OCI | Year Ended December 31, | Foreign currency contracts |"}
{"_id": "d8cc44ad8", "title": "", "text": "| Years Ended December 31, | 2011 | (in millions, except per share data) | Income Statement Data: | Total net revenues | Total expenses | Income (loss) from continuing operations | Income (loss) from discontinued operations, net of tax | Net income (loss) | Less: Net income (loss) attributable to noncontrolling interests | Net income (loss) attributable to Ameriprise Financial | Earnings (Loss) Per Share Attributable to Ameriprise Financial, Inc. Common Shareholders: | Basic | Income (loss) from continuing operations | Income (loss) from discontinued operations | Net income (loss) | Diluted | Income (loss) from continuing operations | Income (loss) from discontinued operations | Net income (loss) | Cash Dividends Declared Per Common Share |"}
{"_id": "d8110ad8a", "title": "", "text": "| Bond Term Bond Authorized Amount(in millions) Amount Drawn(in millions) | Franklin, Kentucky Distribution Center | Macon, Georgia Distribution Center | Brentwood, Tennessee Store Support Center |"}
{"_id": "d8c408284", "title": "", "text": "| Period Total Number of Shares Purchased-1 Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans orPrograms  (In millions) | October 2008 | November 2008 | December 2008 | Total Fourth Quarter |"}
{"_id": "d8e817e7c", "title": "", "text": "| 2010 2009 2008 | Expected volatility | Expected lives from grant date | Expected dividend yield | Risk-free interest rate |"}
{"_id": "d8f5bea58", "title": "", "text": "As of May 26, 2019, we expect to pay approximately $2.0 million of unrecognized tax benefit liabilities and accrued interest within the next 12 months.\nWe are not able to reasonably estimate the timing of future cash flows beyond 12 months due to uncertainties in the timing of tax audit outcomes.\nThe remaining amount of our unrecognized tax liability was classified in other liabilities.\nWe report accrued interest and penalties related to unrecognized tax benefit liabilities in income tax expense.\nFor fiscal 2019, we recognized $0.5 million of tax-related net interest and penalties, and had $26.0 million of accrued interest and penalties as of May 26, 2019.\nFor fiscal 2018, we recognized a net benefit of $3.1 million of tax-related net interest and penalties, and had $27.3 million of accrued interest and penalties as of May 27, 2018."}
{"_id": "d89d740d2", "title": "", "text": "| DATE CITI S&P 500 S&P FINANCIALS | 31-Dec-2012 | 31-Dec-2013 | 31-Dec-2014 | 31-Dec-2015 | 31-Dec-2016 | 31-Dec-2017 |"}
{"_id": "d8271c646", "title": "", "text": "Investing Activities Net cash used for investing activities was practically unchanged in 2004 compared to 2003 primarily because an increase in construction expenditures caused by a reclassification of inventory items to capital was significantly offset by the maturity of $6.5 million of other temporary investments that had been made in 2003, which provided cash in 2004.\nThe increase of $16.2 million in net cash used in investing activities in 2003 was primarily due to the following: ?\nthe maturity in 2002 of $22.4 million of other temporary investments that had been made in 2001, which provided cash in 2002; ?\nan increase in decommissioning trust contributions and realized change in trust assets of $8.2 million in 2003 compared to 2002; and ?\nother temporary investments of $6.5 million made in 2003.\nPartially offsetting the increases in net cash used in investing activities was a decrease in construction expenditures of $22.1 million in 2003 compared to 2002 primarily due to the power uprate project in 2002."}
{"_id": "d8def8094", "title": "", "text": "Tables of Contents Mint.\ncom service revenue is derived primarily from lead generation fees.\nIntuit Health service revenue is derived from online patient-to-provider communication services and fees for implementation services.\nIn Canada, product revenue is derived primarily from localized versions of QuickBooks and Quicken as well as consumer desktop tax return preparation software and professional tax preparation products.\nService revenue in Canada consists primarily of revenue from payroll services and QuickBooks support plans.\nIn the United Kingdom, product revenue is derived primarily from localized versions of QuickBooks and QuickBooks Payroll.\nOur newest international offerings include QuickBooks Online in Singapore and Intuit Money Manager, a mobile personal financial management service, in India.\nFiscal 2011 Compared with Fiscal 2010 Other Businesses total net revenue increased $40 million or 15% in fiscal 2011 compared with fiscal 2010 due to strong performance in our Canadian and United Kingdom small business offerings and our fiscal 2010 acquisitions of Mint and Medfusion.\nIn addition, favorable currency impacts in our Canadian and United Kingdom businesses accounted for approximately three percentage points of Other Businesses revenue growth in fiscal 2011.\nOther Businesses segment operating income as a percentage of related revenue decreased to 22% in fiscal 2011 from 25% in fiscal 2010.\nHigher fiscal 2011 revenue as described above was offset by higher costs and expenses associated with our fiscal 2010 acquisitions of Mint and Medfusion and by our continued investment in emerging market opportunities.\nFiscal 2010 Compared with Fiscal 2009 Other Businesses total net revenue increased $47 million or 22% in fiscal 2010 compared with fiscal 2009.\nRevenue increased in fiscal 2010 due to 23% higher Quicken revenue that was driven by higher unit sales and a favorable foreign currency impact in our Canadian business.\nThe weaker U. S.  dollar accounted for approximately seven percentage points of Other Businesses segment revenue growth in fiscal 2010 compared with fiscal 2009.\nOther Businesses segment operating income as a percentage of related revenue decreased to 25% in fiscal 2010 from 29% in fiscal 2009.\nHigher fiscal 2010 revenue as described above was offset by higher costs and expenses associated with our November 2009 acquisition of Mint and by our continued investment in emerging market opportunities.\nCanadian costs and expenses were also higher in the 2010 periods due to the weaker U. S.  dollar."}
{"_id": "d8ad65996", "title": "", "text": "| Year Ended December 31, | 2012 | Steam Sold(MMlb) | General | Apartment house | Annual power | Total Steam Delivered to CECONY Customers | Steam Sold($ in millions) | General | Apartment house | Annual power | Other operating revenues | Total Steam Delivered to CECONY Customers | Average Revenue per MMlb Sold |"}
{"_id": "d821ebb40", "title": "", "text": "| November 30, | 2003 | (In thousands) | Assets: | Cash and receivables, net | Mortgage loans held for sale, net | Mortgage loans, net | Title plants | Investment securities | Goodwill, net | Other | Limited-purpose finance subsidiaries | $1,016,710 | Liabilities: | Notes and other debts payable | Other | Limited-purpose finance subsidiaries | $873,266 |"}
{"_id": "d85eb42c0", "title": "", "text": "| Fourth Quarter Change | 2009 | Average Deposits | Demand deposits — noninterest-bearing | Demand deposits — interest-bearing | Money market deposits | Savings and other domestic time deposits | Core certificates of deposit | Total core deposits | Other deposits | Total deposits |"}
{"_id": "d8ef195cc", "title": "", "text": "The following table provides a reconciliation of non-GAAP noninterest income, net of noncontrolling interests and non-GAAP noninterest income, net of noncontrolling interests and excluding net losses on SVBIF sale transaction, each to GAAP noninterest income:"}
{"_id": "d8b14cdc0", "title": "", "text": "| For the Years Ended December 31, | 2012 | (Dollars in thousands) | Contracted services | Office supplies and services | Transportation | Rents | Other | Total |"}
{"_id": "d8880b6be", "title": "", "text": "LIQUIDITY AND CAPITAL RESOURCES Cash flows provided by operating activities were $1,747.4 million in 2018 compared to $1,582.3 million and $1,632.2 million in 2017 and 2016, respectively.\nThe increase in operating cash flows in 2018 compared to 2017 was driven by additional cash flows from our sale of accounts receivable in certain countries, lower acquisition and integration expenses and lower quality remediation expenses, as well as certain significant payments made in the 2017 period.\nIn the 2017 period, we made payments related to the U. S.  Durom Cup Settlement Program, and we paid $30.5 million in Settlement Payments to resolve previously-disclosed FCPA matters involving Biomet and certain of its subsidiaries as discussed in Note 19 to our consolidated financial statements included in Item 8 of this report.\nThe decline in operating cash flows in 2017 compared to 2016 was driven by additional investments in inventory, additional expenses for quality remediation and the significant payments made in the 2017 period as discussed in the previous sentence.\nThese unfavorable items were partially offset by $174.0 million of incremental cash flows in 2017 from our sale of accounts receivable in certain countries.\nCash flows used in investing activities were $416.6 million in 2018 compared to $510.8 million and $1,691.5 million in 2017 and 2016, respectively.\nInstrument and property, plant and equipment additions reflected ongoing investments in our product portfolio and optimization of our manufacturing and logistics network.\nIn 2018, we entered into receive-fixed-rate, pay-fixed-rate cross-currency interest rate swaps.\nOur investing cash flows reflect the net cash inflows from the fixedrate interest rate receipts/payments, as well as the termination of certain of these swaps that were in a gain position in the year.\nThe 2016 period included cash outflows for the acquisition of LDR Holding Corporation (LDR) and other business acquisitions.\nAdditionally, the 2016 period reflects the maturity of available-for-sale debt securities.\nAs these investments matured, we used the cash to pay off debt and have not reinvested in any additional debt securities.\nCash flows used in financing activities were $1,302.2 million in 2018.\nOur primary use of available cash in 2018 was for debt repayment.\nWe received net proceeds of $749.5 million from the issuance of additional senior notes and borrowed $400.0 million from our Multicurrency Revolving Facility to repay $1,150.0 million of senior notes that became due on April 2, 2018.\nWe subsequently repaid the $400.0 million of Multicurrency Revolving Facility borrowings.\nAlso in 2018, we borrowed another $675.0 million under a new U. S.  Term Loan C and used the cash proceeds along with cash generated from operations throughout the year to repay an aggregate of $835.0 million on U. S.  Term Loan A, $450.0 million on U. S.  Term Loan B, and we subsequently repaid $140.0 million on U. S.  Term Loan C.  Overall, we had approximately $1,150 million of net principal repayments on our senior notes and term loans in 2018.\nIn 2017, our primary use of available cash was also for debt repayment compared to 2016 when we were not able to repay as much debt due to financing requirements to complete the LDR and other business acquisitions.\nAdditionally in 2017, we had net cash inflows of $103.5 million on factoring programs that had not been remitted to the third party.\nIn 2018, we had net cash outflows related to these factoring programs as we remitted the $103.5 million and collected only $66.8 million which had not yet been remitted by the end of the year.\nSince our factoring programs started at the end of 2016, we did not have similar cash flows in that year.\nIn January 2019, we borrowed an additional $200.0 million under U. S.  Term Loan C and used those proceeds, along with cash on hand, to repay the remaining $225.0 million outstanding under U. S.  Term Loan B.\nIn February, May, August and December 2018, our Board of Directors declared cash dividends of $0.24 per share.\nWe expect to continue paying cash dividends on a quarterly basis; however, future dividends are subject to approval of the Board of Directors and may be adjusted as business needs or market conditions change.\nAs further discussed in Note 11 to our consolidated financial statements, our debt facilities restrict the payment of dividends in certain circumstances."}
{"_id": "d8e606002", "title": "", "text": "| December 31 Direct Assumed Ceded Net | (In millions) | 2005 | 2004 (a) | 2003 |"}
{"_id": "d8606f3bc", "title": "", "text": "| Pension Benefits | U.S. Plans | Benefit Payments | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 - 2015 | 2010 | Dividend yield | Volatility Rate | Risk-free interest rate | Expected option life (years) |"}
{"_id": "d8247e01a", "title": "", "text": "Due to the recent timing of the transaction, the allocation of the purchase price is preliminary.\nAll of the goodwill associated with the acquisition is expected to be deductible for tax purposes.\nThe customer-related intangible assets have amortization periods of up to 13 years.\nThe contract-based intangible assets have amortization periods of 7 years.\nThe trademark has an amortization period of 5 years."}
{"_id": "d89d0b14a", "title": "", "text": "(C) Retirement Restoration Plan Effective January 1, 2009, we replaced the frozen restoration plan with a new non-qualified retirement plan for certain senior executives who are affected by Internal Revenue Code limitations on benefits provided under the Retirement Savings 401(k) Plan.\nUnder this plan, these associates may continue to defer portions of their compensation for retirement savings.\nWe match the associates contributions at the same rate provided under the 401(k) plan, and also may provide the annual discretionary company-funded contribution made regardless of associate participation, as well as the additional discretionary company-funded contribution to the associates meeting the same age and service requirements.\nThis plan is unfunded with lump sum payments to be made upon the associates retirement.\nThe total cost for this plan was not significant in fiscal 2016, fiscal 2015 and fiscal 2014."}
{"_id": "d8c4083c4", "title": "", "text": "| Mortgage Loan Valuation Allowances | Commercial | (In millions) | Balance at January 1, 2008 | Provision (release) | Charge-offs, net of recoveries | Balance at December 31, 2008 | Provision (release) | Charge-offs, net of recoveries | Balance at December 31, 2009 | Provision (release) | Charge-offs, net of recoveries | Balance at December 31, 2010 |"}
{"_id": "d8ebc6ce4", "title": "", "text": "| Period TotalNumberof SharesPurchased(a) AveragePrice PaidPer Share Total Numberof SharesPurchased asPart of aPubliclyAnnouncedProgram MaximumNumberof Sharesthat may yetbe PurchasedUndertheProgram(b) | February 27, 2006 through April 2, 2006 | April 3, 2006 through April 30, 2006 | May 1, 2006 through May 28, 2006 | Total |"}
{"_id": "d8d930b66", "title": "", "text": "| Range | U.S. equities | International equities | Long bonds | Alternative investments |"}
{"_id": "d81151a82", "title": "", "text": "| Balance at December 31, 2007 $41,053 | Sale of German retail bank | Sale of CitiCapital | Sale of Citigroup Global Services Limited | Purchase accounting adjustments—BISYS | Purchase of the remaining shares of Nikko Cordial—net of purchase accounting adjustments | Acquisition of Legg Mason Private Portfolio Group | Foreign exchange translation | Impairment of goodwill | Smaller acquisitions, purchase accounting adjustments and other | Balance at December 31, 2008 | Sale of Smith Barney | Sale of Nikko Cordial Securities | Sale of Nikko Asset Management | Foreign exchange translation | Smaller acquisitions/divestitures, purchase accounting adjustments and other | Balance at December 31, 2009 | In millions of dollars | Balance at December 31, 2007-1 | Goodwill acquired during 2008 | Goodwill disposed of during 2008 | Goodwill impaired during 2008 | Other-1 | Balance at December 31, 2008-1 | Goodwill acquired during 2009 | Goodwill disposed of during 2009 | Other-1 | Balance at December 31, 2009 |"}
{"_id": "d87a1ddcc", "title": "", "text": "decrease in the CDS trade execution revenues for the year ended December 31, 2017 is also impacted by the sale and discontinuance of our U. S.  and U. K.  CDS voice brokerage operations in the third quarter of 2016.\nOther Revenues Other revenues primarily include interest income on certain clearing margin deposits, regulatory penalties and fines, fees for use of our facilities, regulatory fees charged to member organizations of our U. S.  securities exchanges, designated market maker service fees, exchange membership fees and agricultural grading and certification fees.\nThe increase in other revenues for the year ended December 31, 2017, from the comparable period in 2016, is primarily due to a $6 million breakup fee received in the third quarter of 2017 related to the termination of the derivatives clearing agreement with Euronext, under which ICE Clear Netherlands was to provide clearing of Euronext’s financial and commodity derivatives.\nSelected Operating Data The following charts and table present trading activity in our futures and options markets by commodity type based on the total number of contracts traded, as well as futures and options rate per contract (in millions, except for percentages and rate per contract amounts):"}
{"_id": "d884dade6", "title": "", "text": "Effects of Inflation Inflation can impact our organization primarily in two ways.\nFirst, inflationary pressures can result in increases in our cost structure, especially to the extent that large expense components such as compensation are impacted.\nTo the degree that these expense increases are not recoverable or cannot be counterbalanced through pricing increases due to the competitive environment, our profitability could be negatively impacted.\nSecondly, the value of the assets that we manage may be negatively impacted when inflationary expectations result in a rising interest rate environment.\nDeclines in the values of these AUM could lead to reduced revenues as management fees are generally calculated based upon the size of AUM."}
{"_id": "d8637a912", "title": "", "text": "| In millions 2013 2014 2015 2016 2017 Thereafter | Maturities of long-term debt (a) | Debt obligations with right of offset (b) | Lease obligations | Purchase obligations (c) | Total (d) |"}
{"_id": "d85eea604", "title": "", "text": "Net revenue for the PCCG operating segment decreased by $1.5 billion, or 4%, in 2013 compared to 2012.\nPCCG platform unit sales were down 3% primarily on softness in traditional PC demand during the first nine months of the year.\nThe decrease in revenue was driven by lower notebook and desktop platform unit sales which were down 4% and 2%, respectively.\nPCCG platform average selling prices were flat, with 6% higher desktop platform average selling prices offset by 4% lower notebook platform average selling prices.\nOperating income decreased by $1.3 billion, or 10%, in 2013 compared to 2012, which was driven by $1.5 billion of lower gross margin, partially offset by $200 million of lower operating expenses.\nThe decrease in gross margin was driven by $1.5 billion of higher factory start-up costs primarily on our next-generation 14nm process technology as well as lower PCCG platform revenue.\nThese decreases were partially offset by approximately $520 million of lower PCCG platform unit costs, $260 million of lower excess capacity charges, and higher sell-through of previously non-qualified units.\nNet revenue for the PCCG operating segment decreased by $1.1 billion, or 3%, in 2012 compared to 2011.\nPCCG revenue was negatively impacted by the growth of tablets as these devices compete with PCs for consumer sales.\nPlatform average selling prices and unit sales decreased 2% and 1%, respectively.\nThe decrease was driven by 6% lower notebook platform average selling prices and 5% lower desktop platform unit sales.\nThese decreases were partially offset by a 4% increase in desktop platform average selling prices and a 2% increase in notebook platform unit sales."}
{"_id": "d8afd3aca", "title": "", "text": "THE HARTFORD FINANCIAL SERVICES GROUP, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) needs of the Plan, the investment preferences and risk tolerance of the Plan and the desired degree of diversification.\nThese asset classes include publicly traded equities, bonds and alternative investments and are made up of individual investments in cash and cash equivalents, equity securities, debt securities, assetbacked securities, mortgage loans and hedge funds.\nHedge fund investments represent a diversified portfolio of partnership investments in a variety of strategies.\nIn addition, the Company uses U. S.  Treasury bond futures contracts and U. S.  Treasury STRIPS in a duration overlay program to adjust the duration of Plan assets to better match the duration of the benefit obligation.\nInvestment Valuation Pension Plan Assets at Fair Value as of December 31, 2018"}
{"_id": "d87b22704", "title": "", "text": "| 2007 $2.6 | 20081 | 2009 | 2010 | 2011 | Thereafter | Total long-term debt |"}
{"_id": "d823e9a3c", "title": "", "text": "| 2015 2014 | Indefinite-life intangible asset—Pullmantur trademarks and trade names | Impairment charge | Foreign currency translation adjustment | Total |"}
{"_id": "d8366a472", "title": "", "text": "| Date Entered Maturity Date Hedge Designation Fixed Rate Floating Rate Index Notional Amount Fair Value | July 2005-1 | November 2008 | June 2009 | July 2009 | August 2009 | August 2009 |"}
{"_id": "d8e2dc87c", "title": "", "text": "| Target Allocation Range Target Percentage ofPlan Assets byStrategyatDecember 31 | PNC Pension Plan | Asset Category | Domestic Equity | International Equity | Private Equity | Total Equity | Domestic Fixed Income | High Yield Fixed Income | Total Fixed Income | Real estate | Other | Total |"}
{"_id": "d8140c286", "title": "", "text": "| Year Ended December 31 2009 2008 Variance | Revenues | Operating earnings | Operating margin | Gulfstream aircraft deliveries (in units): | Green | Completion |"}
{"_id": "d85eaaca2", "title": "", "text": "Properties, Plants, and Equipment.\nProperties, plants, and equipment are recorded at cost.\nDepreciation is recorded principally on the straight-line method at rates based on the estimated useful lives of the assets.\nThe following table details the weighted-average useful lives of structures and machinery and equipment by reporting segment (numbers in years):"}
{"_id": "d81a6b06e", "title": "", "text": "Table of Contents Seasonality Our revenues are seasonal based on the demand for cruises.\nDemand is strongest for cruises during the Northern Hemisphere’s summer months and holidays.\nIn order to mitigate the impact of the winter weather in the Northern Hemisphere and to capitalize on the summer season in the Southern Hemisphere, our brands have focused on deployment in the Caribbean, Asia and Australia during that period.\nPassengers and Capacity Selected statistical information is shown in the following table (see Financial Presentation- Description of Certain Line Items and Selected Operational and Financial Metrics under Item 7.\nManagement’s Discussion and Analysis of Financial Condition and Results of Operations, for definitions):"}
{"_id": "d89c28804", "title": "", "text": "New Accounting Standards Not Yet Adopted Leases In February 2016, the FASB issued ASU 2016-02, Leases (Topic 842), requiring, among other things, the recognition of lease liabilities and corresponding right-of-use assets on the balance sheet by lessees for all leases with a term longer than 12 months.\nThe new standard is effective for Cadence in the first quarter of fiscal 2019.\nA modified retrospective approach is required, applying the new standard to leases existing as of the date of initial application.\nAn entity may choose to apply the standard as of either its effective date or the beginning of the earliest comparative period presented in the financial statements.\nCadence adopted the new standard on December 30, 2018, the first day of fiscal 2019, and used the effective date as the date of initial application.\nConsequently, financial information will not be updated and the disclosures required under the new standard will not be provided for dates and periods prior to the first quarter of fiscal 2019.\nCadence elected certain practical expedients permitted under the transition guidance within the new standard, which among other things, allowed Cadence to carry forward its prior conclusions about lease identification and classification."}
{"_id": "d8126d092", "title": "", "text": "| Balance as of January 1, 2008 $580 | Warranty expense | Warranty claims | Balance as of December 31, 2008 | Warranty expense | Warranty claims | Balance as of December 31, 2009 |"}
{"_id": "d8eda647e", "title": "", "text": "| Year ended December 31, (in millions) 2010 2009 2008 | Investment banking fees | Principal transactions | Lending- and deposit-related fees | Asset management, administrationand commissions | Securities gains | Mortgage fees and related income | Credit card income | Other income | Noninterest revenue | Net interest income | Total net revenue |"}
{"_id": "d81f020dc", "title": "", "text": "| 2019 2018 2017 | Balance at beginning of year | Gross increases related to tax positions in a prior period | Gross decreases related to tax positions in a prior period | Gross increases related to tax positions in the current period | Settlements with taxing authorities | Currency | Lapse of statute of limitations | Balance at end of year |"}
{"_id": "d812ed4e0", "title": "", "text": "* These financial instruments are not measured at fair value on a recurring basis.\nSee the indicated footnotes for additional information about the carrying and fair values of these financial instruments.\nForeign time deposits are measured at cost plus accrued interest, which approximates fair value.\nA three-level valuation hierarchy exists for disclosure of fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date.\nThe three levels are defined as follows: ?\nLevel 1 - inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.  ?\nLevel 2 - inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.  ?\nLevel 3 - inputs to the valuation methodology are unobservable and significant to the fair value measurement.\nAn asset or liability's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.\nThere are three types of valuation approaches: a market approach, which uses observable prices and other relevant information that is generated by market transactions involving identical or comparable assets or liabilities; an income approach, which uses valuation techniques to convert future amounts to a single, discounted present value amount; and a cost approach, which is based on the amount that currently would be required to replace the service capacity of an asset.\nThe following is a description of the valuation methodologies used for assets and liabilities measured at fair value on a recurring"}
{"_id": "d8b901c14", "title": "", "text": "| Payments by Period | Total | Secured and unsecured debt-1 (2) | Estimated interest payments on fixed-rate and hedged variable-rate debt-3 | Estimated interest payments on variable-rate debt-4 | Ground lease obligations | Other obligations | Total |"}
{"_id": "d891980e2", "title": "", "text": "| Year Ended December 31, | 2017 | (dollars in millions) | Assets | Interest-bearing cash and due from banks and deposits in banks | Taxable investment securities | Non-taxable investment securities | Total investment securities | Commercial | Commercial real estate | Leases | Total commercial loans and leases | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Automobile | Education-1 | Credit cards | Other retail | Total retail loans | Total loans and leases-2 | Loans held for sale, at fair value | Other loans held for sale | Interest-earning assets | Allowance for loan and lease losses | Goodwill | Other noninterest-earning assets | Total noninterest-earning assets | Total assets | Liabilities and Stockholders’ Equity | Checking with interest | Money market accounts | Regular savings | Term deposits | Total interest-bearing deposits | Federal funds purchased and securities sold under agreements to repurchase-3 | Other short-term borrowed funds | Long-term borrowed funds | Total borrowed funds | Total interest-bearing liabilities | Demand deposits | Other liabilities | Total liabilities | Stockholders’ equity | Total liabilities and stockholders’ equity | Interest rate spread | Net interest income | Net interest margin | Memo: Total deposits (interest-bearing and demand) | For the Years Ended December 31, | 2005 | (In thousands) | Free Cash Flow | Add back: | Purchases of property and equipment | Net cash flows from operating activities |"}
{"_id": "d8d3c5712", "title": "", "text": "| Period Total Number of Shares Purchased-1 Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs-1 Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs   (In millions) | 11/17/05 – 11/30/05 | 12/1/05 – 12/31/05 | Total Fourth Quarter |"}
{"_id": "d897d09a0", "title": "", "text": "| For the fiscal years ended June 30, | 2019 | (in millions, except %) | Revenues: | Circulation and subscription | Advertising | Other | Total Revenues | Operating expenses | Selling, general and administrative | Segment EBITDA |"}
{"_id": "d81f01f6a", "title": "", "text": "| For the Year 2011 | Life | Revenue: | Premium | Net investment income | Other income | Total revenue | Expenses: | Policy benefits | Required interest on net reserves | Amortization of acquisition costs | Commissions and premium tax | Insurance administrative expense-3 | Parent expense | Stock-based compensation expense | Interest expense | Total expenses | Sub total | Non operating items | Amortization of low-income housing interests | Measure of segment profitability (pretax) | Deduct applicable income taxes | Segment profits after tax | Add back income taxes applicable to segment profitability | Add (deduct) realized investment gains (losses) | Deduct amortization of low-incomehousing -5 | Deduct state administrative settlementexpense -6 | Deduct loss on sale of equipment -7 | Deduct litigation expense -8 | Pretax income per Consolidated Statement of Operations |"}
{"_id": "d8dea638e", "title": "", "text": "| Year Ended December 31, | (dollars in millions) | Service charges and fees | Card fees | Mortgage banking fees | Trust and investment services fees | Foreign exchange and trade finance fees | Capital markets fees | Bank-owned life insurance income | Securities gains, net | Other income-1 | Noninterest income | Description of Commitment | (In millions) | Operating Leases | Capital Leases | Long-term Debt-1 | Endorsement Contracts-2 | Product Purchase Obligations-3 | Other-4 | TOTAL |"}
{"_id": "d866ce370", "title": "", "text": "| Years Ended December 31, | 2014 | Weighted-average volatility | Weighted-average dividend yield | Weighted-average expected term | Weighted-average risk-free rate | Calendar year: | (Dollars in millions) | 2014 | 2013 | 2012 | 2011 | 2010 | Years Ended December 31, | (Dollars in millions) | 2014 | Attritional | Catastrophes | Total segment | 2013 | Attritional | Catastrophes | Total segment | 2012 | Attritional | Catastrophes | Total segment | Variance 2014/2013 | Attritional | Catastrophes | Total segment | Variance 2013/2012 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8c0ad06c", "title": "", "text": "| 2004 2003 2002 | Revenues | Operating income/(loss) from discontinued operations | Gain/(loss) on discontinued operations | (Provision for)/benefit from income taxes | Income/(loss) from discontinued operations |"}
{"_id": "d8bee0bda", "title": "", "text": "| June 25,2011 June 26,2010 June 27,2009 | (in thousands) | Net cash provided by operating activities | Net cash used in investing activities | Net cash used in financing activities | Net increase (decrease) in cash and cash equivalents |"}
{"_id": "d860c5168", "title": "", "text": "[1] Yields calculated using annualized net investment income divided by the monthly average invested assets at amortized cost as applicable, excluding repurchase agreement and securities lending collateral, if any, and derivatives book value.\n[2] Includes net investment income on short-term investments.\n[3] Primarily includes income from derivatives that qualify for hedge accounting and hedge fixed maturities.\nYear ended December 31, 2017 compared to the year ended December 31, 2016 Total net investment income increased primarily due to higher income from limited partnerships and other alternative investments, partially offset by lower make-whole payment income on fixed maturities and increased investment expense.\nIncome from limited partnerships and other alternative investments increased due to higher valuation write-ups of private equity partnerships and strong returns on real estate investments in 2017.\nAnnualized net investment income yield excluding limited partnerships and other alternative investments, was 3.7% in 2017 and 3.8% in 2016.\nExcluding make-whole payment income on fixed maturities, income received from previously impaired securities, and prepayment penalties on mortgage loans, the annualized investment income yield, excluding limited partnerships and other alternative investments, was 3.6% in 2017 consistent with that of the same period for 2016.\nAverage reinvestment rate excluding certain U. S.  Treasury securities and cash equivalent securities, for the year ended December 31, 2017, was approximately 3.5% which was below the average yield of sales and maturities of 3.7% for the same period.\nFor the year ended December 31, 2017, the average reinvestment rate of 3.5% remained consistent with that of the same period in 2016.\nWe expect the annualized net investment income yield for the 2018 calendar year, excluding limited partnerships and other alternative investments, to be slightly below the portfolio yield earned in 2017.\nThis assumes the Company earns less income in 2018 from make-whole payment income on fixed maturities and recoveries on previously impaired securities than it did in 2017 and that reinvestment rates continue to be below the average yield of sales and maturities.\nThe estimated impact on net investment income is subject to change as the composition of the portfolio changes through portfolio management and changes in market conditions.\nYear ended December 31, 2016 compared to the year ended December 31, 2015 Total net investment income increased primarily due to higher asset levels, partially offset by lower make-whole payments on fixed maturities as well as reinvesting at lower interest rates."}
{"_id": "d8d3e0fd0", "title": "", "text": "| Options (a,b) WeightedAverageExercisePrice WeightedAverageRemainingLife(years) AggregateIntrinsicValue(thousands) | Outstanding at December 31, 2010 | Exercised | Forfeited | Expired | Outstanding at December 31, 2011 | Granted | Exercised | Expired | Outstanding at December 31, 2012 | Granted | Exercised | Expired | Outstanding at December 31, 2013 |"}
{"_id": "d8ef48ffc", "title": "", "text": "Critical Accounting Estimates Our Consolidated Financial Statements include amounts that, either by their nature or due to requirements of accounting principles generally accepted in the U. S.  (GAAP), are determined using best estimates and assumptions.\nWhile we believe that the amounts included in our Consolidated Financial Statements reflect our best judgment, actual amounts could ultimately materially differ from those currently presented.\nWe believe the items that require the most subjective and complex estimates are: ?\nunpaid loss and loss expense reserves, including long-tail asbestos and environmental (A&E) reserves; ?\nfuture policy benefits reserves; ?\nvaluation of value of business acquired (VOBA) and amortization of deferred policy acquisition costs and VOBA; ?\nthe assessment of risk transfer for certain structured insurance and reinsurance contracts; ?\nreinsurance recoverable, including a provision for uncollectible reinsurance; ?\nthe valuation of our investment portfolio and assessment of other-than-temporary impairments (OTTI); ?\nthe valuation of deferred tax assets; ?\nthe valuation of derivative instruments related to guaranteed minimum income benefits (GMIB) ; and ?\nthe valuation of goodwill.\nWe believe our accounting policies for these items are of critical importance to our Consolidated Financial Statements.\nThe following discussion provides more information regarding the estimates and assumptions required to arrive at these amounts and should be read in conjunction with the sections entitled: Prior Period Development, Asbestos and Environmental and Other Run-off Liabilities, Reinsurance Recoverable on Ceded Reinsurance, Investments, Net Realized Gains (Losses), and Other Income and Expense Items.\nUnpaid losses and loss expenses Overview and key data As an insurance and reinsurance company, we are required, by applicable laws and regulations and GAAP, to establish loss and loss expense reserves for the estimated unpaid portion of the ultimate liability for losses and loss expenses under the terms of our policies and agreements with our insured and reinsured customers.\nThe estimate of the liabilities includes provisions for claims that have been reported but are unpaid at the balance sheet date (case reserves) and for future obligations on claims that have been incurred but not reported (IBNR) at the balance sheet date (IBNR may also include a provision for additional development on reported claims in instances where the case reserve is viewed to be potentially insufficient).\nLoss reserves also include an estimate of expenses associated with processing and settling unpaid claims (loss expenses).\nAt December 31, 2009, our gross unpaid loss and loss expense reserves were $37.8 billion and our net unpaid loss and loss expense reserves were $25 billion.\nWith the exception of certain structured settlements, for which the timing and amount of future claim payments are reliably determinable, our loss reserves are not discounted for the time value of money.\nIn connection with such structured settlements, we carry net reserves of $76 million, net of discount.\nThe table below presents a roll-forward of our unpaid losses and loss expenses for the years ended December 31, 2009 and 2008."}
{"_id": "d83b9f4b0", "title": "", "text": "| 2007 2006 2005 | (in thousands, except per share data) | Basic EPS: | Net income available to common shareholders | Basic weighted average shares outstanding | Earnings per share | Diluted EPS: | Net income available to common shareholders | Basic weighted average shares outstanding | Plus: dilutive effect of stock options and restricted stock awards | Diluted weighted average shares outstanding | Earnings per share |"}
{"_id": "d88863ddc", "title": "", "text": "| Target Allocation April 27, 2018 Actual Allocation | April 27, 2018 | Asset Category: | Equity securities | Debt securities | Other | Total |"}
{"_id": "d8c8130a4", "title": "", "text": "| $ in millions Gross Book Value Accumulated Impairment Net Book Value | January 1, 2011 | Business combinations | Foreign exchange and other | December 31, 2011 | January 1, 2010 | Business combinations | Foreign exchange and other | December 31, 2010 |"}
{"_id": "d8749dd2a", "title": "", "text": "Environmental Matters Our operations, like operations of other companies engaged in similar businesses, involve the use, disposal and cleanup of substances regulated under environmental protection laws.\nWe are involved in a sizable number of remediation actions to clean up hazardous wastes as required by federal and state laws.\nSuch statutes require that responsible parties fund remediation actions regardless of fault, legality of original disposal or ownership of a disposal site.\nExpenditures for site remediation actions amounted to approximately $0.3 billion in 2008 and $0.2 billion in 2007.\nWe presently expect that such remediation actions will require average annual expenditures in the range of $0.3 billion to $0.4 billion over the next two years.\nIn November 2006, the United States Federal District Court approved a consent decree, which had been agreed to by GE and the United States Environmental Protection Agency (EPA), that represents a comprehensive framework for implementation of the EPA’s 2002 decision to dredge polychlorinated biphenyl (PCB)-containing sediments in the upper Hudson River.\nThe dredging will be performed in two phases with an intervening peer review of performance after the first phase.\nUnder the consent decree, we have committed to reimburse the EPA for its past and future project oversight costs and to perform the first phase of dredging, which is scheduled to proceed from May through November of 2009.\nAfter completion of the peer review, currently scheduled for 2010, we may be responsible for further costs.\nOur Statement of Financial Position as of December 31, 2008 and 2007, included liabilities for the probable and estimable costs of the agreed upon remediation activities."}
{"_id": "d8ae49a1a", "title": "", "text": "Proven, or measured, reserves are those reserves for which the quantity is computed from dimensions revealed by drill data, together with other direct and measurable observations, such as outcrops, trenches and quarry faces.\nThe grade and quality of those reserves are computed from the results of detailed sampling, and the sampling and measurement data are spaced so closely and the geologic character is so well defined that size, shape, depth and mineral content of reserves are well established.\nProbable, or indicated, reserves are those reserves for which quantity, grade and quality are computed partly from specific measurements and partly from projections based on reasonable, though not drilled, geologic evidence.\nThe degree of assurance, although lower than that for proven reserves, is high enough to assume continuity between points of observation.\nReported proven and probable reserves include only quantities that are owned in fee or under lease, and for which all appropriate zoning and permitting have been obtained.\nLeases, zoning, permits, reclamation plans and other government or industry regulations often set limits on the areas, depths and lengths of time allowed for mining, stipulate setbacks and slopes that must be left in place, and designate which areas may be used for surface facilities, berms, and overburden or waste storage, among other requirements and restrictions.\nOur reserve estimates take into account these factors.\nTechnical and economic factors also affect the estimates of reported reserves regardless of what might otherwise be considered proven or probable based on a geologic analysis.\nFor example, excessive overburden or weathered rock, rock quality issues, excessive mining depths, groundwater issues, overlying wetlands, endangered species habitats, and rights of way or easements may effectively limit the quantity of reserves considered proven and probable.\nIn addition, computations for reserves in-place are adjusted for estimates of unsaleable sizes and materials as well as pit and plant waste.\nThe 15.8 billion tons of estimated proven and probable aggregates reserves reported at the end of 2014 include reserves at inactive and greenfield (undeveloped) sites."}
{"_id": "d88116a5c", "title": "", "text": "| VIE Assets That the  Company Does Not Consolidate VIE Liabilities That the  Company Does Not Consolidate Variable Interests on the Statement of Financial Condition | Investments | CDOs | Sponsored cash management funds | Other sponsored investment funds | Total |"}
{"_id": "d8e2cfa6e", "title": "", "text": "| Payments Due by Period | (In Millions) | Operating lease obligations | Capital purchase obligations1 | Other purchase obligations and commitments2 | Tax obligations3 | Long-term debt obligations4 | Other long-term liabilities5 | Total6 |"}
{"_id": "d815595c6", "title": "", "text": "| RM&T Operating Statistics 2008 2007 | Refining and wholesale marketing gross margin(Dollars per gallon)(a) | Refined products sales volumes(Thousands of barrels per day) |"}
{"_id": "d8ac73128", "title": "", "text": "| Years Ended December 31, | 2015 | Rocky Mountain Region (Cheyenne and Woods Cross Refineries) | Sales of produced refined products: | Gasolines | Diesel fuels | Jet fuels | Fuel oil | Asphalt | LPG and other | Total | December 31, 2010 | Financial Services Businesses | (in millions) | Joint ventures and limited partnerships: | Real estate related | Non-real estate related | Real estate held through direct ownership -1 | Other -2 | Total other long-term investments |"}
{"_id": "d8267f04e", "title": "", "text": "THE HERSHEY COMPANY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) The 2006 charges (credits) relating to previous business realignment initiatives which began in 2003 and 2001 resulted from the finalization of the sale of certain properties, adjustments to liabilities which had previously been recorded, and the impact of the settlement of litigation in connection with the 2003 business realignment initiatives.\nLiabilities Associated with Business Realignment Initiatives The liability balance as of December 31, 2008 relating to the 2007 business realignment initiatives was $31.0 million for employee separation costs to be paid primarily in 2009.\nThe liability balance as of December 31, 2007 was $68.4 million, primarily related to employee separation costs.\nCharges for employee separation and contract termination costs of $12.9 million were recorded in 2008.\nDuring 2008 and 2007, we made payments against the liabilities recorded for the 2007 business realignment initiatives of $46.9 million and $13.2 million, respectively, principally related to employee separation and project administration.\nThe liability balance as of December 31, 2008 was reduced by $3.4 million as a result of foreign currency translation adjustments.4.\nCOMMITMENTS AND CONTINGENCIES We enter into certain obligations for the purchase of raw materials.\nThese obligations are primarily in the form of forward contracts for the purchase of raw materials from third-party brokers and dealers.\nThese contracts minimize the effect of future price fluctuations by fixing the price of part or all of these purchase obligations.\nTotal obligations for each year consisted of fixed price contracts for the purchase of commodities and unpriced contracts that were valued using market prices as of December 31, 2008.\nThe cost of commodities associated with the unpriced contracts is variable as market prices change over future periods.\nWe mitigate the variability of these costs to the extent that we have entered into commodities futures and options contracts to hedge our costs for those periods.\nIncreases or decreases in market prices are offset by gains or losses on commodities futures contracts.\nTaking delivery of and making payments for the specific commodities for use in the manufacture of finished goods satisfies our obligations under the forward purchase contracts.\nFor each of the three years in the period ended December 31, 2008, we satisfied these obligations by taking delivery of and making payment for the specific commodities.\nAs of December 31, 2008, we had entered into purchase agreements with various suppliers.\nSubject to meeting our Companys quality standards, the purchase obligations covered by these agreements were as follows as of December 31, 2008:"}
{"_id": "d8942edf6", "title": "", "text": "| Year Ended January 1, 2006 Year Ended January 2, 2005 | Revenue | Net loss | Net loss per share, basic and diluted |"}
{"_id": "d8cf0403e", "title": "", "text": "| 2015 | $ in millions | Other comprehensive income/(loss) net of tax: | Currency translation differences on investments in foreign subsidiaries | Actuarial gain/(loss) related to employee benefit plans | Reclassification of prior service (credit)/cost into employee compensation expense | Reclassification of actuarial (gains)/losses into employee compensation expenses | Share of other comprehensive income/(loss) of equity method investments | Unrealized gains/(losses) on available-for-sale investments | Reclassification of net (gains)/losses realized on available-for-sale investments included in other gains and losses, net | Other comprehensive income/(loss) | Beginning balance | Other comprehensive income/(loss) | Ending balance |"}
{"_id": "d8b9db2c0", "title": "", "text": "| 2013 2012 2011 | Net sales | Operating profit | Operating margins | Backlog at year-end |"}
{"_id": "d85fde0e2", "title": "", "text": "Capital Structure We use a combination of debt and equity sources to fund our business objectives.\nWe maintain a capital structure, focused on maintaining access, flexibility and low costs, that we believe allows us to proactively source potential investment opportunities in the marketplace.\nWe structure our debt maturities to avoid disproportionate exposure in any given year.\nOur primary debt financing strategy is to access the unsecured debt markets to provide our debt capital needs, but we also maintain a limited amount of secured debt and maintain our access to both the secured and unsecured debt markets for maximum flexibility.\nWe also believe that we have significant access to the equity capital markets.\nAt December 31, 2017, 27.5% of our total market capitalization consisted of debt borrowings, including 21.5% under unsecured credit facilities and unsecured senior notes and 6.0% under secured borrowings.\nWe currently intend to target our total debt, net of cash held, to a range of approximately 32% to 38% of the undepreciated book value of our assets.\nOur charter and bylaws do not limit our debt levels and our Board of Directors can modify this policy at any time.\nWe may issue new equity to maintain our debt within the target range.\nCovenants for our unsecured senior notes limit our debt to undepreciated book value of our assets to 60%.\nAs of December 31, 2017, our ratio of total debt to our adjusted total assets (as defined in the covenants for the bonds issued by MAALP) was approximately 33.2%.\nWe continuously review opportunities for lowering our cost of capital.\nWe plan to continue using unsecured debt in order to take advantage of the lower cost of capital and flexibility provided by these markets.\nWe will evaluate opportunities to repurchase shares when we believe that our share price is significantly below our net present value.\nWe also look for opportunities where we can acquire or develop apartment communities, selectively funded or partially funded by sales of equity securities, when appropriate opportunities arise.\nWe focus on improving the net present value of our investments by generating cash flows from our portfolio of assets above the estimated total cost of debt and equity capital.\nWe routinely make new investments when we believe it will be accretive to shareholder value over the life of the investments."}
{"_id": "d8806fc16", "title": "", "text": "| Year Ended December 31, | 2010 | Beginning Balance | Additions based on positions related to the current year | Additions based on positions related to the prior year | Reductions for tax positions of prior years | Settlements with taxing authorities | Statute of limitation expirations | Ending Balance |"}
{"_id": "d8f29f836", "title": "", "text": "Additionally, we performed a sensitivity analysis and reviewed the carrying values compared to the high end and low end of the valuation range.\nThe table below displays the range of the sensitivity analysis for each reporting unit tested in the 2013 and 2012 annual impairment tests.\nFor the 2013 test, using the low of the valuation range, there were two reporting units whose fair value exceeded its carrying value by less than 20%, but not less that 0%.\nFor the 2012 test, using the low of the valuation range, there were no reporting units whose fair value exceeded its carrying value by less than 20%."}
{"_id": "d894c30dc", "title": "", "text": "| Pension benefits | 2016 | The projected benefit obligation and accumulated benefit obligation for all defined benefit pension plans was asfollows: | Projected benefit obligation | Accumulated benefit obligation | The aggregate projected benefit obligation and fair value of plan assets for pension plans with projected benefit obligations inexcess of plan assets was as follows: | Projected benefit obligation | Fair value of plan assets | The aggregate accumulated benefit obligation and fair value of plan assets for pension plans with accumulated benefit obligationsin excess of plan assets was as follows: | Accumulated benefit obligation | Fair value of plan assets | Pension benefits -1 | 2016 | Service cost | Interest cost | Expected return on plan assets | Recognized net actuarial loss | Amortization of prior service cost (benefit) | Settlements-3 | Curtailments-4 | Special termination benefits-5 | Net periodic benefit cost-6 | Discontinued operations | Net amount recognized in Statement of Consolidated Operations | Year ended December 31, | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 through 2026 | $4,330 |"}
{"_id": "d8f7e6c0e", "title": "", "text": "MARKET RISK MANAGEMENT Market risk is the exposure to an adverse change in the market value of portfolios and financial instruments caused by a change in market prices or rates.\nMarket risk management Market risk is identified, measured, monitored, and controlled by Market Risk, a corporate risk governance function independent of the lines of business.\nMarket Risk seeks to facilitate efficient risk/return decisions, reduce volatility in operating performance and make the Firms market risk profile transparent to senior management, the Board of Directors and regulators.\nMarket Risk is overseen by the Chief Risk Officer and performs the following functions: ?\nEstablishment of a comprehensive market risk policy framework ?\nIndependent measurement, monitoring and control of business segment market risk ?\nDefinition, approval and monitoring of limits ?\nPerformance of stress testing and qualitative risk assessments Risk identification and classification Market Risk works in partnership with the business segments to identify market risks throughout the Firm and define and monitor market risk policies and procedures.\nAll business segments are responsible for the comprehensive identification and verification of market risks within their units.\nRisk-taking businesses have functions that act independently from trading personnel and are responsible for verifying risk exposures that the business takes.\nIn addition to providing independent oversight for market risk arising from the business segments, Market Risk is also responsible for identifying exposures which may not be large within individual business segments but which may be large for the Firm in the aggregate.\nRegular meetings are held between Market Risk and the heads of risk-taking businesses to discuss and decide on risk exposures in the context of the market environment and client flows.\nPositions that expose the Firm to market risk can be classified into two categories: trading and nontrading risk.\nTrading risk includes positions that are held by the Firm as part of a business segment or unit, the main business strategy of which is to trade or make markets.\nUnrealized gains and losses in these positions are generally reported in principal transactions revenue.\nNontrading risk includes securities and other assets held for longer-term investment, mortgage servicing rights, and securities and derivatives used to manage the Firms asset/liability exposures.\nUnrealized gains and losses in these positions are generally not reported in principal transactions revenue.\nNotes to consolidated financial statements 174 JPMorgan Chase & Co.  / 2008 Annual Report card-related asset-backed securities, mortgage-backed securities issued by private issuers and commercial and industrial asset-backed securities.\nOf the $2.0 billion of unrealized losses related to credit card-related asset-backed securities, $1.7 billion relates to purchased credit card-related asset-backed securities, and $304 million relates to retained interests in the Firms own credit card receivable securitizations.\nThe credit card-related asset-backed securities include AAA, A and BBB ratings.\nBased on the levels of excess spread available to absorb credit losses, and based on the value of interests subordinate to the Firms interests where applicable, the Firm does not believe it is probable that it will not recover its investments.\nWhere applicable under EITF 99-20, the collateral and credit enhancement features are at levels sufficient to ensure that an adverse change in expected future cash flows has not occurred.\nOf the remaining unrealized losses as of December 31, 2008, related to securities that have been in an unrealized loss position for less than 12 months, $2.7 billion relates to mortgage-backed securities issued by private issuers and $820 million relates to commercial and industrial asset-backed securities.\nThe mortgage-backed securities and commercial and industrial asset-backed securities are predominantly rated AAA.\nBased on an analysis of the performance indicators noted above for mortgage-backed securities and asset-backed securities, which have been applied to the loans underlying these securities, the Firm does not believe it is probable that it will not recover its investments in these securities.\nThe Firm intends to hold the securities in an unrealized loss position for a period of time sufficient to allow for an anticipated recovery in fair value or maturity.\nThe Firm has sufficient capital and liquidity to hold these securities until recovery in fair value or maturity.\nBased on the Firms evaluation of the factors and other objective evidence described above, the Firm believes that the securities are not otherthan-temporarily impaired as of December 31, 2008."}
{"_id": "d888225ee", "title": "", "text": "| Net tangible assets acquired as of July 27, 2006 $13,100 | In-process research and development | Developed technology and know-how | Customer relationship | Trade name | Deferred income taxes | Goodwill | Final purchase price |"}
{"_id": "d89dd0d50", "title": "", "text": "| Year Ended December 31, | 2015 | (in millions) | Assets: | Commercial mortgage and other loans: | Changes in instrument-specific credit risk | Other changes in fair value | Other long-term investments: | Changes in fair value | Liabilities: | Notes issued by consolidated VIEs: | Changes in fair value |"}
{"_id": "d8c00c0c2", "title": "", "text": "| Plan category Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights-1(a)(b) Weighted-Average Exercise Price of Outstanding Options,Warrants and Rights Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding SecuritiesReflected in Column (a)) (c) | Equity compensation plans approved by security holders | Equity compensation plans not approved by security holders-2 | Total |"}
{"_id": "d8d3ef710", "title": "", "text": "| Contractual Obligations Total 2009 2010 and 2011 2012 and 2013 2014 and Thereafter | Long-term debt | Operating leases | Purchase obligations | Long-term income taxes payable | Other long-term liabilities | Total contractual obligations |"}
{"_id": "d810cc81e", "title": "", "text": "| Performance   Shares Weighted Average   Grant Date   Fair Value | Outstanding at January 1, 2007 | Granted | Forfeited | Outstanding at December 31, 2007 | Performance Shares expected to vest at December 31, 2007 |"}
{"_id": "d8e79b71e", "title": "", "text": "Unrealized Loss Aging for AFS Securities by Type and Length of Time as of December 31, 2017"}
{"_id": "d897bc81a", "title": "", "text": "Investment Valuation.\nOur fixed income investments are classified for accounting purposes as available for sale and are carried at market value or fair value in our consolidated balance sheets.\nOur equity securities are also held as available for sale and are carried at market or fair value.\nMost securities we own are traded on national exchanges where market values are readily available.\nSome of our commercial mortgage-backed securities (“CMBS”) are valued using cash flow models and risk-adjusted discount rates.\nWe hold some privately placed securities, less than 0.33% of the portfolio, that are either valued by brokers or an investment advisor.\nAt December 31, 2012 and 2011, our investment portfolio included $548.9 million and $515.5 million, respectively, of limited partnership investments whose values are reported pursuant to the equity method of accounting.\nWe carry these investments at values provided by the managements of the limited partnerships and due to inherent reporting lags, the carrying values are based on values with “as of” dates from one month to one quarter prior to our financial statement date."}
{"_id": "d8865d9c0", "title": "", "text": "| February 28, 2009 March 1, 2008 | Gross Carrying Amount | Tradenames | Customer relationships | Total |"}
{"_id": "d8a216586", "title": "", "text": "| Fiscal Year Ended October 31,-1 | 2016 | (in thousands, except per share data) | Revenue | Income before provisions for income taxes | Provision (benefit) for income taxes(2) | Net income | Net income per share: | Basic | Diluted | Working capital-3 | Total assets | Long-term debt | Stockholders’ equity |"}
{"_id": "d8e39a386", "title": "", "text": "| 2010 Quarters 2009 Quarters | (Dollars in millions, except per share information) | Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis | Net interest income | Fully taxable-equivalent adjustment | Net interest income on a fully taxable-equivalent basis | Reconciliation of total revenue, net of interest expense to total revenue, net of interest expense on a fully taxable-equivalent basis | Total revenue, net of interest expense | Fully taxable-equivalent adjustment | Total revenue, net of interest expense on a fully taxable-equivalent basis | Reconciliation of total noninterest expense to total noninterest expense, excluding goodwill impairment charges | Total noninterest expense | Goodwill impairment charges | Total noninterest expense, excluding goodwill impairment charges | Reconciliation of income tax expense (benefit) to income tax expense (benefit) on a fully taxable-equivalent basis | Income tax expense (benefit) | Fully taxable-equivalent adjustment | Income tax expense (benefit) on a fully taxable-equivalent basis | Reconciliation of net income (loss) to net income (loss), excluding goodwill impairment charges | Net income (loss) | Goodwill impairment charges | Net income (loss), excluding goodwill impairment charges | Reconciliation of net income (loss) applicable to common shareholders to net income (loss) applicable to common shareholders, excluding goodwill impairment charges | Net income (loss) applicable to common shareholders | Goodwill impairment charges | Net income (loss) applicable to common shareholders, excluding goodwill impairment charges | Reconciliation of average common shareholders’ equity to average tangible common shareholders’ equity | Common shareholders’ equity | Common Equivalent Securities | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible common shareholders’ equity |"}
{"_id": "d85ff2d94", "title": "", "text": "Notes to Consolidated Financial Statements – (continued) (Amounts in Millions, Except Per Share Amounts) Debt Transactions See Note 6 for further information regarding the Company’s acquisition of Acxiom (the “Acxiom Acquisition”) on October 1, 2018 (the “Closing Date”).\nSenior Notes On September 21, 2018, in order to fund the Acxiom Acquisition and related fees and expenses, we issued a total of $2,000.0 in aggregate principal amount of unsecured senior notes (in four separate series of $500.0 each, together, the “Senior Notes”).\nUpon issuance, the Senior Notes were reflected on our Consolidated Balance Sheets net of discount of $5.8 and net of the capitalized debt issuance costs, including commissions and offering expenses of $16.1, both of which will be amortized in interest expense through the respective maturity dates of each series of Senior Notes using the effective interest method.\nInterest is payable semi-annually in arrears on April 1st and October 1st of each year, commencing on April 1, 2019.\nThe issuance was comprised of the following four series of notes:"}
{"_id": "d8792ec22", "title": "", "text": "Description of business segment reporting methodology Results of the business segments are intended to reflect each segment as if it were essentially a stand-alone business.\nThe management reporting process that derives these results allocates income and expense using market-based methodologies.\nAt the time of the Merger, several of the allocation methodologies were revised, as noted below.\nThe changes became effective July 1, 2004.\nAs prior periods have not been revised to reflect these new methodologies, they are not comparable to the presentation of periods beginning with the third quarter of 2004.\nFurther, the Firm intends to continue to assess the assumptions, methodologies and reporting reclassifications used for segment reporting, and it is anticipated that further refinements may be implemented in future periods.\nRevenue sharing When business segments join efforts to sell products and services to the Firms clients, the participating business segments agree to share revenues from those transactions.\nThese revenue sharing agreements were revised on the Merger date to provide consistency across the lines of businesses.\nFunds transfer pricing Funds transfer pricing (FTP) is used to allocate interest income and interest expense to each line of business and also serves to transfer interest rate risk to Corporate.\nWhile business segments may periodically retain interest rate exposures related to customer pricing or other business-specific risks, the balance of the Firms overall interest rate risk exposure is included and managed in Corporate.\nIn the third quarter of 2004, FTP was revised to conform the policies of the combined firms.\nExpense allocation Where business segments use services provided by support units within the Firm, the costs of those support units are allocated to the business segments.\nThose expenses are allocated based on their actual cost, or the lower of actual cost or market cost, as well as upon usage of the services provided.\nEffective with the third quarter of 2004, the cost allocation methodologies of the heritage firms were aligned to provide consistency across the business segments.\nIn addition, expenses related to certain corporate functions, technology and operations ceased to be allocated to the business segments and are retained in Corporate.\nThese retained expenses include parent company costs that would not be incurred if the segments were stand-alone businesses; adjustments to align certain corporate staff, technology and operations allocations with market prices; and other one-time items not aligned with the business segments.\nCapital allocation Each business segment is allocated capital by taking into consideration standalone peer comparisons, economic risk measures and regulatory capital requirements.\nThe amount of capital assigned to each business is referred to as equity.\nEffective with the third quarter of 2004, new methodologies were implemented to calculate the amount of capital allocated to each segment.\nAs part of the new methodology, goodwill, as well as the associated capital, is allocated solely to Corporate.\nAlthough U. S.  GAAP requires the allocation of goodwill to the business segments for impairment testing (see Note 15 on page 109 of this Annual Report), the Firm has elected not to include goodwill or the related capital in each of the business segments for management reporting purposes.\nSee the Capital management section on page 50 of this Annual Report for a discussion of the equity framework.\nCredit reimbursement TSS reimburses the IB for credit portfolio exposures the IB manages on behalf of clients the segments share.\nAt the time of the Merger, the reimbursement methodology was revised to be based on pre-tax earnings, net of the cost of capital related to those exposures.\nPrior to the Merger, the credit reimbursement was based on pre-tax earnings, plus the allocated capital associated with the shared clients.\nTax-equivalent adjustments Segment results reflect revenues on a tax-equivalent basis for segment reporting purposes.\nRefer to page 25 of this Annual Report for additional details."}
{"_id": "d8e1c123a", "title": "", "text": "| December 31, 2010 2010 | (Dollars in millions) | With no recorded allowance | Residential mortgage | Home equity | Discontinued real estate | With an allowance recorded | Residential mortgage | Home equity | Discontinued real estate | Total | Residential mortgage | Home equity | Discontinued real estate |"}
{"_id": "d8a266e3c", "title": "", "text": "| Year Ended December 31, | 2005 | Gas delivered (mDTH) | Firm Sales | Full service | Firm transportation | Total Firm Sales and Transportation | Interruptible Sales | Total Gas Sold To O&R Customers | Transportation of customer-owned gas | Interruptible transportation | Sales for resale | Sales to electric generating stations | Off-System Sales | Total Sales and Transportation | Gas delivered ($ in millions) | Firm Sales | Full service | Firm transportation | Total Firm Sales and Transportation | Interruptible Sales | Total Gas Sold To O&R Customers | Transportation of customer-owned gas | Sales to electric generating stations | Other operating revenues | Total Sales and Transportation | Average Revenue Per DTH Sold | Residential | General |"}
{"_id": "d89a8e796", "title": "", "text": "| (Dollars in millions) 2008 2007 | Principal Investing | Corporate Investments | Strategic and other investments | Total equity investment income included in All Other | Total equity investment income included in the business segments | Total consolidated equity investment income |"}
{"_id": "d87fae0ac", "title": "", "text": "PNC PENSION PLAN ASSETS Assets related to our qualified pension plan (the Plan) are held in trust (the Trust).\nEffective July 1, 2011, the trustee is The Bank of New York Mellon; prior to that date, the trustee was PNC Bank, National Association, (PNC Bank, N. A).\nThe Trust is exempt from tax pursuant to section 501(a) of the Internal Revenue Code (the Code).\nThe Plan is qualified under section 401(a) of the Code.\nPlan assets consist primarily of listed domestic and international equity securities and US government, agency, and corporate debt securities and real estate investments.\nPlan assets as of December 31, 2011 and 2010 include common stock of PNC.\nPNC Common Stock was $11 million and $12 million at December 31, 2011 and December 31, 2010, respectively.\nAt December 31, 2011, this accounted for less than 1% of our total asset balance.\nThe Pension Plan Administrative Committee (the Committee) adopted a current Pension Plan Investment Policy Statement, including target allocations and allowable ranges, on August 13, 2008.\nOn February 25, 2010, the Committee amended the investment policy to include a dynamic asset allocation approach and also updated target allocation ranges for certain asset categories.\nOn March 1, 2011, the Committee amended the investment policy to update the target allocation ranges for certain asset categories.\nThe long-term investment strategy for pension plan assets is to: ?\nMeet present and future benefit obligations to all participants and beneficiaries, ?\nCover reasonable expenses incurred to provide such benefits, including expenses incurred in the administration of the Trust and the Plan, ?\nProvide sufficient liquidity to meet benefit and expense payment requirements on a timely basis, and ?\nProvide a total return that, over the long term, maximizes the ratio of trust assets to liabilities by maximizing investment return, at an appropriate level of risk.\nUnder the dynamic asset allocation strategy, scenarios are outlined in which the Committee has the ability to make short to intermediate term asset allocation shifts based on factors such as the Plans funded status, the Committees view of return on equities relative to long term expectations, the Committees view on the direction of interest rates and credit spreads, and other relevant financial or economic factors which would be expected to impact the ability of the Trust to meet its obligation to beneficiaries.\nAccordingly, the allowable asset allocation ranges have been updated to incorporate the flexibility required by the dynamic allocation policy.\nThe Plans specific investment objective is to meet or exceed the investment policy benchmark over the long term.\nThe investment policy benchmark compares actual performance to a weighted market index, and measures the contribution of active investment management and policy implementation.\nThis investment objective is expected to be achieved over the long term (one or more market cycles) and is measured over rolling five-year periods.\nTotal return calculations are timeweighted and are net of investment-related fees and expenses.\nThe asset strategy allocations for the Trust at the end of 2011 and 2010, and the target allocation range at the end of 2011, by asset category, are as follows: Asset Strategy Allocations"}
{"_id": "d88589896", "title": "", "text": "The principal source of parent company cash flow is the dividends it receives from its subsidiary bank, which may be impacted by the following: ?\nCapital needs, ?\nLaws and regulations, ?\nCorporate policies, ?\nContractual restrictions, and ?\nOther factors.\nAlso, there are statutory and regulatory limitations on the ability of national banks to pay dividends or make other capital distributions.\nThe amount available for dividend payments to the parent company by PNC Bank, N. A.  without prior regulatory approval was approximately $1.5 billion at December 31, 2012.\nUnder federal law, a bank subsidiary generally may not extend credit to, or engage in other types of covered transactions (including the purchase of assets) with, the parent company or its non-bank subsidiaries on terms and under circumstances that are not substantially the same as comparable transactions with nonaffiliates.\nA bank subsidiary may not extend credit to, or engage in a covered transaction with, the parent company or a non-bank subsidiary if the aggregate amount of the banks extensions of credit and other covered transactions with the parent company or non-bank subsidiary exceeds 10% of the capital stock and surplus of such bank subsidiary or the aggregate amount of the banks extensions of credit and other covered transactions with the parent company and all nonbank subsidiaries exceeds 20% of the capital and surplus of such bank subsidiary.\nSuch extensions of credit, with limited exceptions, must be at least fully collateralized in accordance with specified collateralization thresholds, with the thresholds varying based on the type of assets serving as collateral.\nIn certain circumstances, federal regulatory authorities may impose more restrictive limitations.\nFederal Reserve Board regulations require depository institutions to maintain cash reserves with a Federal Reserve Bank (FRB).\nAt December 31, 2012, the balance outstanding at the FRB was $3.5 billion.\nNOTE 23 LEGAL PROCEEDINGS We establish accruals for legal proceedings, including litigation and regulatory and governmental investigations and inquiries, when information related to the loss contingencies represented by those matters indicates both that a loss is probable and that the amount of loss can be reasonably estimated.\nAny such accruals are adjusted thereafter as appropriate to reflect changed circumstances.\nWhen we are able to do so, we also determine estimates of possible losses or ranges of possible losses, whether in excess of any related accrued liability or where there is no accrued liability, for disclosed legal proceedings (Disclosed Matters, which are those matters disclosed in this Note 23).\nFor Disclosed Matters where we are able to estimate such possible losses or\nREPUBLIC SERVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) The following table summarizes the activity in our gross unrecognized tax benefits for the years ended December 31:"}
{"_id": "d87cbdd52", "title": "", "text": "| Years Ended December 31, | 2010 | CIEs | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Pretax income (loss) | Income tax benefit | Net income (loss) | Less: Net income attributable to noncontrolling interests | Net loss attributable to Ameriprise Financial |"}
{"_id": "d8b97ef3e", "title": "", "text": "| 2008 2007 2006 | (In millions except per share data) | Income from continuing operations | Discontinued operations | Net income | Weighted average common shares outstanding | Effect of dilutive securities | Weighted average common shares, including dilutive effect | Per share: | Income from continuing operations | Discontinued operations | Net income |"}
{"_id": "d888db166", "title": "", "text": "| Years Ended December 31, 2013 2012 2011 % Change2013 vs. 2012 | (Dollars in millions) | Foreign exchange trading: | Direct sales and trading | Indirect foreign exchange trading | Total foreign exchange trading | Brokerage and other trading services: | Electronic foreign exchange trading | Other trading, transition management and brokerage | Total brokerage and other trading services | Total trading services revenue |"}
{"_id": "d882b6100", "title": "", "text": "Institutional active AUM ended 2015 at $962.9 billion, reflecting $26.8 billion of net inflows.\nInstitutional active represented 22% of long-term AUM and 20% of long-term base fees.\nGrowth in AUM reflected continued strength in multi-asset class products with net inflows of $18.4 billion reflecting ongoing demand for solutions offerings and the LifePath?\ntarget-date suite.\nOur top-performing fixed income platform generated net inflows of $5.7 billion, diversified across exposures.\nAlternatives net inflows of $3.1 billion were led by inflows into infrastructure and alternatives solutions offerings.\nIn addition, 2015 was another strong fundraising year for illiquid alternatives, and we raised over $5 billion in new commitments, which will be a source of future net inflows.\nEquity net outflows of $0.5 billion reflected fundamental net outflows of $2.2 billion, which were partially offset by scientific net inflows of $1.7 billion.\nInstitutional index AUM totaled $1.739 trillion at December 31, 2015, reflecting net outflows of $43.1 billion.\nEquity net outflows of $33.7 billion were primarily due to low-fee global and regional index equity outflows as clients looked to re-allocate, re-balance or meet their cash needs.\nFixed income net outflows of $10.2 billion were concentrated in local currency mandates, linked to outflows from liability management strategies.\nInstitutional index represented 40% of long-term AUM at December 31, 2015 and accounted for 10% of long-term base fees for 2015.\nThe Companys institutional clients consist of the following: ?\nPensions, Foundations and Endowments.\nBlackRock is among the worlds largest managers of pension plan assets with $1.847 trillion, or 68%, of long-term institutional AUM managed for defined benefit, defined contribution and other pension plans for corporations, governments and unions at December 31, 2015.\nThe market landscape is shifting from defined benefit to defined contribution, driving strong flows in our defined contribution channel, which had $36.2 billion of longterm net inflows for the year, or 6% organic growth, driven by continued demand for our LifePath targetdate suite.\nDefined contribution represented $630.9 billion of total pension AUM, and we remain well positioned to capitalize on the on-going evolution of the defined contribution market and demand for outcomeoriented investments.\nAn additional $52.8 billion, or 2% of long-term institutional AUM, was managed for other tax-exempt investors, including charities, foundations and endowments.  ?\nOfficial Institutions.\nWe also managed $185.0 billion, or 7%, of long-term institutional AUM for official institutions, including central banks, sovereign wealth funds, supranationals, multilateral entities and government ministries and agencies at year-end 2015.\nThese clients often require specialized investment advice, the use of customized benchmarks and training support.  ?\nFinancial and Other Institutions.\nBlackRock is a top independent manager of assets for insurance companies, which accounted for $237.7 billion, or 9%, of institutional long-term AUM at year-end 2015.\nAssets managed for other taxable institutions, including corporations, banks and third-party fund sponsors for which we provide sub-advisory services, totaled $379.4 billion, or 14%, of long-term institutional AUM at yearend.\nPRODUCT TYPE Component changes in AUM by product type and investment style for 2015 are presented below"}
{"_id": "d884b7986", "title": "", "text": "| Year Ended December 31, | 2017 | Net income (loss) applicable to common shares | NAREIT FFO | FFO as adjusted | FAD |"}
{"_id": "d8ae167b4", "title": "", "text": "| 2017 2016 2015 | Weighted average common shares outstanding for basic computations | Weighted average dilutive effect of equity awards | Weighted average common shares outstanding for diluted computations |"}
{"_id": "d867d8d9c", "title": "", "text": "*As adjusted for discontinued operations.\nThe increase in interest income on cash and marketable securities held by corporate and other segments was a result of higher average cash and marketable securities balances, partially offset by the impact of lower interest rates earned on these balances, and $6 million in interest income recorded as a result of a refund from the United States Internal Revenue Service.\nThe decrease in QSI interest income was primarily the result of the prepayment on the Pegaso debt facility in the first quarter of fiscal 2004.\nThe other-than-temporary losses on marketable securities during fiscal 2003 primarily related to an $81 million impairment of our investment in a wireless operator in South Korea and a $16 million impairment of our investment in a provider of semiconductor packaging, test and distribution services.\nThe other-than-temporary losses on other investments during fiscal 2003 related to the impairment of our investments in two development stage CDMA wireless operators.\nEquity in losses of investees decreased primarily due to a decrease in losses incurred by Inquam, of which our share was $59 million for fiscal 2004 as compared to $99 million for fiscal 2003.\nIncome Tax Expense.\nIncome tax expense from continuing operations was $588 million for fiscal 2004, compared to $536 million for fiscal 2003.\nThe annual effective tax rate for continuing operations was approximately 25% for fiscal 2004, compared to 34% for fiscal 2003.\nThe annual effective tax rate for continuing operations for fiscal 2004 was lower than the 2003 effective tax rate for continuing operations primarily due to an increase in foreign earnings taxed at less than the United States federal tax rate, an increase in tax benefits recorded arising from the forecast of our ability to use capital loss carryforwards and the reduction of QTL earnings, which are taxed at a rate that is lower than our effective tax rate, as a percentage of total earnings due to the change in the timing of recognizing QTL royalties.\nForeign earnings taxed at less than the United States federal rate are higher in fiscal 2004 primarily due to the adjustment of an intercompany royalty agreement and an increase in foreign earnings.\nThe annual effective tax rate for continuing operations for fiscal 2004 is 10% lower than the United States federal statutory rate due primarily to a benefit of approximately 14% related to foreign earnings taxed at less than the United States federal rate, research and development tax credits and the forecast of our increased ability to use capital loss carryforwards, partially offset by state taxes of 4%.\nAs of September 30, 2004, we had a valuation allowance of $139 million on previously incurred capital losses due to uncertainty as to our ability to generate sufficient capital gains to utilize all capital losses.\nWe will continue to assess the realizability of capital losses.\nThe amount of the valuation allowance on capital losses may be adjusted in the future as our ability to utilize capital losses changes.\nA change in the valuation allowance may impact the provision for income taxes in the period the change occurs.\nWe are currently considering actions that may result in our ability to utilize some of the capital loss currently reserved, which may result in a reduction of our valuation allowance and income tax expense in subsequent periods.\nFiscal 2003 Compared to Fiscal 2002 Revenues.\nTotal revenues for fiscal 2003 were $3,847 million, compared to $2,915 million for fiscal 2002.\nRevenues from Samsung, LG Electronics, Motorola and Kyocera, customers of our QCT, QTL and other nonreportable segments, comprised an aggregate of 17%, 13%, 13% and 9% of total consolidated revenues, respectively, in fiscal 2003, compared to 16%, 12%, 8% and 14% of total consolidated revenues, respectively, in fiscal 2002.\nThe percentages for Kyocera included 1% and 4% in fiscal 2003 and 2002, respectively, related to services provided to Kyocera by employees from our terrestrial-based CDMA wireless consumer phone business which was sold to Kyocera in February 2000.\nRevenues from sales of equipment and services for fiscal 2003 were $2,862 million, compared to $2,080 million for fiscal 2002.\nRevenues from sales of integrated circuits increased by $828 million, primarily due to an increase in unit shipments of MSM and accompanying RF integrated circuits.\nRevenues from licensing and royalty fees for fiscal 2003 were $985 million, compared to $835 million for fiscal 2002.\nThe increase resulted from higher QTL segment royalties, resulting from an increase in phone sales by our licensees."}
{"_id": "d887d2a6c", "title": "", "text": "The pension liabilities, net of pension assets, recognized on the balance sheet at October 31, 2012, 2011 and 2010 were $1,817 million, $1,373 million and $693 million, respectively.\nThe OPEB liabilities, net of OPEB assets, on these same dates were $5,736 million, $5,193 million and $4,830 million, respectively.\nThe increases in pension net liabilities in 2012 and 2011 were primarily due to decreases in discount rates and interest on the liabilities, partially offset by the return on plan assets.\nThe increases in the OPEB net liabilities in 2012 and 2011 were primarily due to the decreases in discount rates and interest on the liabilities.\nThe effect of hypothetical changes to selected assumptions on the companys major U. S.  retirement benefit plans would be as follows in millions of dollars:"}
{"_id": "d89d22dc2", "title": "", "text": "| ($ in millions) Proceeds | 3-year variable rate bank loan-1 | 2.30% notes, due 2019 | 15-year 2.5% fixed rate note-1 | 30-year 3.0% fixed rate note-1 | Total cash proceeds |"}
{"_id": "d87be6fe6", "title": "", "text": "| Year Ended December 31, 2011 2010 2009 | Stock-based compensation expense | Advertising expenses | Bottling and distribution expenses | Other operating expenses | Selling, general and administrative expenses |"}
{"_id": "d87d0405e", "title": "", "text": "APACHE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) As of December 31, 2012, the Company had an undiscounted reserve for environmental remediation of approximately $104 million.\nApache is not aware of any environmental claims existing as of December 31, 2012 that have not been provided for or would otherwise have a material impact on its financial position or results of operations.\nThere can be no assurance however, that current regulatory requirements will not change or past noncompliance with environmental laws will not be discovered on the Companys properties.\nApache Canada Ltd.  asserted a claim against BP Canada arising out of the acquisition of certain Canadian properties under the parties Partnership Interest and Share Purchase and Sale Agreement dated July 20, 2010.\nThe claim centered on Apache Canada Ltd. s identification of Alleged Adverse Conditions, as that term is defined in the parties agreement, and more specifically the contention that liabilities associated with such conditions were retained by BP Canada as seller.\nThe parties have resolved the matter on commercial terms with no material impact on the Companys financial position, results of operations, or liquidity.\nOn May 25, 2011, a panel of the Bureau of Ocean Energy Management (BOEMRE, as it was then known) published a report dated May 23, 2011, and titled OCS G-2580, Vermilion Block 380 Platform A, Incidents of Noncompliance.\n The report concerned the BOEMREs investigation of a fire on the Vermilion 380 A platform located in the Gulf of Mexico.\nAt the time of the incident, Mariner operated the platform.\nA small amount of hydrocarbons spilled from the platform into the surrounding water as a result of the incident, and 13 workers were rescued after evacuating the platform.\nThe BOEMRE concluded in its investigation that the fire was caused by Mariners failure to adequately maintain or operate the platforms heater-treater in a safe condition.\nThe BOEMRE also identified other safety deficiencies on the platform.\nOn December 27, 2011, the Bureau of Safety and Environmental Enforcement (BSEE, successor to BOEMRE) issued several Incidents of Non-Compliance, which may provide the basis for the assessment of civil penalties against Mariner.\nThe Companys subsidiary Apache Deepwater LLC, which acquired Mariner effective November 10, 2010, filed an appeal on August 31, 2012, contesting several of the Incidents of Non-Compliance.\nIt is managements opinion that any loss arising from this matter will not have a material adverse effect on the Companys financial position, results of operations, or liquidity."}
{"_id": "d8b8cce9c", "title": "", "text": "KANSAS CITY POWER & LIGHT COMPANY MANAGEMENT'S NARRATIVE ANALYSIS OF RESULTS OF OPERATIONS The below results of operations and related discussion for KCP&L is presented in a reduced disclosure format in accordance with General Instruction (I)(2)(a) to Form 10-K.\nThe following table summarizes KCP&L's comparative results of operations."}
{"_id": "d8dacbdae", "title": "", "text": "| 2010 2009 2008 | Cash provided by operating activities | Cash used in investing activities | Cash (used in) provided by financing activities | Exchange rate effect on cash and cash equivalents | (Decrease) increase in cash and cash equivalents |"}
{"_id": "d8666ba7c", "title": "", "text": "| As of and for the Year Ended December 31, | (in millions) | Net interest income | Noninterest income | Total revenue | Noninterest expense | Profit before provision for credit losses | Provision for credit losses | Income before income tax expense (benefit) | Income tax expense (benefit) | Net income | Loans and leases (period-end) | Average Balances: | Total assets | Total loans and leases | Deposits | Interest-earning assets |"}
{"_id": "d85fff364", "title": "", "text": "| Years Ended | September 30, 2006 | Amount | Total Revenues | Operating Income |"}
{"_id": "d8e29df6e", "title": "", "text": "Interest Rate Swap O&R has an interest rate swap, which terminates in October 2014, pursuant to which it pays a fixed-rate of 6.09 percent and receives a LIBOR-based variable rate.\nThe fair value of this interest rate swap at December 31, 2013 was an unrealized loss of $2 million, which has been included in Con Edisons consolidated balance sheet as a current liability/fair value of derivative liabilities and a regulatory asset.\nThe increase in the fair value of the swap for the year ended December 31, 2013 was $4 million.\nIn the event O&Rs credit rating was downgraded to BBB- or lower by S&P or Baa3 or lower by Moodys, the swap counterparty could elect to terminate the agreement and, if it did so, the parties would then be required to settle the transaction."}
{"_id": "d8a4636e0", "title": "", "text": "Entergy Corporation and Subsidiaries Management's Financial Discussion and Analysis 17 The purchased power capacity variance is primarily due to higher capacity charges.\nA portion of the variance is due to the amortization of deferred capacity costs and is offset in base revenues due to base rate increases implemented to recover incremental deferred and ongoing purchased power capacity charges.\nThe volume/weather variance is primarily due to the effect of less favorable weather compared to the same period in 2007 and decreased electricity usage primarily during the unbilled sales period.\nHurricane Gustav and Hurricane Ike, which hit the Utility's service territories in September 2008, contributed an estimated $46 million to the decrease in electricity usage.\nIndustrial sales were also depressed by the continuing effects of the hurricanes and, especially in the latter part of the year, because of the overall decline of the economy, leading to lower usage in the latter part of the year affecting both the large customer industrial segment as well as small and mid-sized industrial customers.\nThe decreases in electricity usage were partially offset by an increase in residential and commercial customer electricity usage that occurred during the periods of the year not affected by the hurricanes.\nThe retail electric price variance is primarily due to: x an increase in the Attala power plant costs recovered through the power management rider by Entergy Mississippi.\nThe net income effect of this recovery is limited to a portion representing an allowed return on equity with the remainder offset by Attala power plant costs in other operation and maintenance expenses, depreciation expenses, and taxes other than income taxes; x a storm damage rider that became effective in October 2007 at Entergy Mississippi; and x an Energy Efficiency rider that became effective in November 2007 at Entergy Arkansas.\nThe establishment of the storm damage rider and the Energy Efficiency rider results in an increase in rider revenue and a corresponding increase in other operation and maintenance expense with no impact on net income.\nThe retail electric price variance was partially offset by: x the absence of interim storm recoveries through the formula rate plans at Entergy Louisiana and Entergy Gulf States Louisiana which ceased upon the Act 55 financing of storm costs in the third quarter 2008; and x a credit passed on to customers as a result of the Act 55 storm cost financings.\nRefer to \"Liquidity and Capital Resources - Hurricane Katrina and Hurricane Rita\" below and Note 2 to the financial statements for a discussion of the interim recovery of storm costs and the Act 55 storm cost financings."}
{"_id": "d8942099a", "title": "", "text": "| Year ended December 31, Net income (loss) Return on equity | (in millions, except ratios) | Investment Bank | Retail Financial Services | Card Services | Commercial Banking | Treasury & SecuritiesServices | Asset Management | Corporate(b) | Total |"}
{"_id": "d8b0129a0", "title": "", "text": "| Short-term Long-term Outlook | Fitch | Moody’s | S&P | DBRS |"}
{"_id": "d88c35780", "title": "", "text": "| December 31 | (Dollars in millions) | Deposits | Card Services | Consumer Real Estate Services | Global Commercial Banking | Global Banking & Markets | Global Wealth & Investment Management | All Other | Total goodwill |"}
{"_id": "d814a3b68", "title": "", "text": "| Location Ownership Number ofBuildings Square Feet Weighted AverageOccupancy-1 | Manhattan | Unconsolidated properties | Suburban | Unconsolidated properties | 62 |"}
{"_id": "d89f60ce2", "title": "", "text": "| Years Ended December 31, Years Ended December 31, Years Ended December 31, | 2011 | Fixed Maturity Securities | (In millions) | Proceeds | Gross investment gains | Gross investment losses | Total OTTI losses recognized in earnings: | Credit-related | Other -1 | Total OTTI losses recognized in earnings | Net investment gains (losses) |"}
{"_id": "d889169f0", "title": "", "text": "| December 31 Year Ended December 31 | Nonperforming Loans and Foreclosed Properties-1 | (Dollars in millions) | Commercial real estate – non-homebuilder | Office | Multi-family rental | Shopping centers/retail | Hotels/motels | Industrial/warehouse | Multi-use | Land and land development | Other-4 | Total non-homebuilder | Commercial real estate – homebuilder-5 | Total commercial real estate |"}
{"_id": "d8e579fda", "title": "", "text": "| 2016 2015 2014 2013 | $14,215 |"}
{"_id": "d879a9dfa", "title": "", "text": "| Series A preferred stock Series B preferred stock Common stock | (in millions) | Outstanding shares at January 1, 2006 | Shares issued | Treasury stock acquired | Outstanding shares at December 31, 2006 | Shares issued | Treasury stock acquired | Outstanding shares at December 31, 2007 | Shares issued | Treasury stock acquired | Outstanding shares at December 31, 2008 |"}
{"_id": "d82cf6b5c", "title": "", "text": "| Sales Long-Lived Assets | 2016 | United States | Australia | Ghana | Peru | Suriname | Other | North America | Years Ended December 31, | Tons mined (000 dry short tons): | Open pit | Underground | Tons processed (000 dry short tons): | Mill | Leach | Average ore grade (oz/ton): | Mill | Leach | Average mill recovery rate | Ounces produced -000: | Mill | Leach | Consolidated | Attributable | Consolidated ounces sold -000 | Production costs per ounce sold:-1 | Direct mining and production costs | By-product credits | Royalties and production taxes | Write-downs and inventory change | Costs applicable to sales | Depreciation and amortization | Reclamation accretion | Total production costs | All-in sustaining costs per ounce sold-2 | Australia | Years Ended December 31, | Tons mined (000 dry short tons): | Open pit | Underground | Tons milled (000 dry short tons) | Average ore grade (oz/ton) | Average mill recovery rate | Ounces produced -000: | Mill | Consolidated | Consolidated ounces sold -000 | Production costs per ounce sold:-1 | Direct mining and production costs | By-product credits | Royalties and production taxes | Write-downs and inventory change | Costs applicable to sales | Depreciation and amortization | Reclamation accretion | Total production costs | All-in sustaining costs per ounce sold-2 |"}
{"_id": "d889bcc1a", "title": "", "text": "Additional detail about these loan and lease segments, including underlying classes, is provided in note 4 to the consolidated financial statements included under Item 8.\nThe institutional segment is composed of the following classes: investment funds, commercial and financial, purchased receivables and lease financing.\nInvestment funds includes lending to mutual and other collective investment funds and short-duration advances to fund clients to provide liquidity in support of their transaction flows associated with securities settlement activities.\nCommercial and financial includes lending to corporate borrowers, including broker/dealers.\nPurchased receivables represents undivided interests in securitized pools of underlying third-party receivables added in connection with the 2009 conduit consolidation.\nLease financing includes our investment in leveraged lease financing.\nAs of December 31, 2011 and 2010, unearned income deducted from our investment in leveraged lease financing was $146 million and $168 million, respectively, for U. S.  leases and $381 million and $667 million, respectively, for non-U.\nS.  leases.\nAggregate short-duration advances to our clients included in the institutional segment were $2.17 billion and $2.63 billion at December 31, 2011 and 2010, respectively.\nThe commercial real estate, or CRE, loans were acquired in 2008 pursuant to indemnified repurchase agreements with an affiliate of Lehman as a result of the Lehman Brothers bankruptcy.\nThese loans, which are primarily collateralized by direct and indirect interests in commercial real estate, were recorded at their thencurrent fair value, based on managements expectations with respect to future cash flows from the loans using appropriate market discount rates as of the date of acquisition.\nAs of December 31, 2011 and 2010, we held an aggregate of approximately $199 million and $307 million, respectively, of CRE loans which were modified in troubled debt restructurings.\nNo impairment loss was recognized upon restructuring of the loans, as the discounted cash flows of the modified loans exceeded the carrying amount of the original loans as of the modification date.\nNo loans were modified in troubled debt restructurings in 2011."}
{"_id": "d8a7b5e1a", "title": "", "text": "| % Change in Sales — 2009 vs 2008 | Fine & Beauty Care | North America | EAME | Local Currency | Latin America | Local Currency | Greater Asia | Local Currency | Total | Local Currency |"}
{"_id": "d8ecb5db2", "title": "", "text": "| Plan Category (shares in thousands) Number of Shares tobe Issued UponExercise Weighted-AverageExercisePrice N/A Shares Available for Future Issuance | Equity compensation plans approved by shareholders | SARs | Restricted stock | Stock options(c) | Phantom stock units | Performance units | Employee stock purchase plan | Total shares |"}
{"_id": "d894eff4c", "title": "", "text": "| Year Ended December 31, | (in thousands) | -1 | Other Financial Data: | Net cash provided by operating activities-7 | Net cash used in investing activities | Net cash (used in) provided by financing activities(7) | Capital expenditures | Cash paid for acquisitions, net of cash acquired | Depreciation and amortization | Balance Sheet Data: | Total assets | Working capital-8 | Long-term obligations, including current portion | Stockholders' equity |"}
{"_id": "d8d0c3488", "title": "", "text": "Accrued Warranty and Indemnifications The Company offers a basic limited parts and labor warranty on its hardware products.\nThe basic warranty period for hardware products is typically one year from the date of purchase by the end-user.\nThe Company also offers a 90-day basic warranty for its service parts used to repair the Companys hardware products.\nThe Company provides currently for the estimated cost that may be incurred under its basic limited product warranties at the time related revenue is recognized.\nFactors considered in determining appropriate accruals for product warranty obligations include the size of the installed base of products subject to warranty protection, historical and projected warranty claim rates, historical and projected cost-per-claim, and knowledge of specific product failures that are outside of the Companys typical experience.\nThe Company assesses the adequacy of its preexisting warranty liabilities and adjusts the amounts as necessary based on actual experience and changes in future estimates.\nFor products accounted for under subscription accounting pursuant to SOP No.97-2, the Company recognizes warranty expense as incurred.\nThe Company periodically provides updates to its applications and system software to maintain the softwares compliance with specifications.\nThe estimated cost to develop such updates is accounted for as warranty costs that are recognized at the time related software revenue is recognized.\nFactors considered in determining appropriate accruals related to such updates include the number of units delivered, the number of updates expected to occur, and the historical cost and estimated future cost of the resources necessary to develop these updates."}
{"_id": "d8d40a43e", "title": "", "text": "| Operating Subsidiary: A.M. Best Standard & Poor's Moody's | Everest Re | Bermuda Re | Ireland Re | Everest International | Everest National | Everest Indemnity | Everest Security | Everest Canada | Mt. McKinley | Mt. Logan Re |"}
{"_id": "d8d91e47a", "title": "", "text": "| Component Changes in Alternatives AUM | (in millions) | Core: | Hedge Funds | Funds of Funds | Real Estate and Hard Assets | Subtotal Core | Currency and commodities | Alternatives |"}
{"_id": "d8b66f3e8", "title": "", "text": "| Years Ended December 31, | 2011 | GAAP | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Pretax income |"}
{"_id": "d88f1e74e", "title": "", "text": "(a) The change in net unrealized losses on trading securities included in net investment income was $15 million and $7 million for the years ended December 31, 2007 and 2005.\nThere was no change in net unrealized gains (losses) on trading securities included in net investment income for the year ended December 31, 2006.\nNet investment income increased by $21 million for 2007 compared with 2006.\nThe improvement was primarily driven by an increase in the overall invested asset base and a reduction of interest expense on funds withheld and other deposits as discussed further below.\nThese increases were substantially offset by decreases in limited partnership income and results from the trading portfolio.\nThe decreased income from the trading portfolio was largely offset by a"}
{"_id": "d884dac2e", "title": "", "text": "| December 31,   2006 January 18, 2007   Refinancing | 2007 | 2008 | 2009 | 2010 | 2011 | Thereafter | Total |"}
{"_id": "d8110aca4", "title": "", "text": "Ground Facilities We lease most of the land and buildings that we occupy.\nDelta’s largest aircraft maintenance base, various computer, cargo, flight kitchen and training facilities and most of its principal offices are located at or near the Atlanta Airport, on land leased from the City of Atlanta generally under long-term leases.\nDelta owns a portion of its principal offices, its Atlanta reservations center and other real property in Atlanta.\nNWA owns its primary offices, which are located near the Minneapolis/St.\nPaul International Airport, including its corporate offices located on a 160-acre site east of the airport.\nOther NWA owned facilities include reservations centers in Baltimore, Maryland, Tampa, Florida, Minot, North Dakota and Chisholm, Minnesota, and a data processing center in Eagan, Minnesota.\nNWA also owns property in Tokyo, including a 1.3-acre site in downtown Tokyo and a 33-acre land parcel, 512-room hotel and flight kitchen located near Tokyo’s Narita International Airport.\nWe lease ticket counter and other terminal space, operating areas and air cargo facilities in most of the airports that we serve.\nAt most airports, we have entered into use agreements which provide for the non-exclusive use of runways, taxiways, and other improvements and facilities; landing fees under these agreements normally are based on the number of landings and weight of aircraft."}
{"_id": "d8d3a9c1a", "title": "", "text": "Corporate Corporate expenses in 2016 benefited from the absence of transaction costs associated with the Norcraft acquisition ($15.1 million in 2015).\nThis benefit was offset by higher employee-related costs and lower defined benefit plan income."}
{"_id": "d8b7a8c8c", "title": "", "text": "| (Dollars in millions) Fiscal2012 Fiscal2011 Fiscal2010 2012-2011% Change 2011-2010% Change | Product revenue | Service and other revenue | Total segment revenue | % of total revenue | Segment operating income | % of related revenue |"}
{"_id": "d89175b1e", "title": "", "text": "| December 31, 2017 December 31, 2016 | Cash, cash equivalents and short-term investments | Trade accounts receivable, less allowances | Inventories | Prepaid expenses and other assets | Equity method investments | Other investments | Other assets | Property, plant and equipment — net | Bottlers' franchise rights with indefinite lives | Goodwill | Other intangible assets | Allowance for reduction of assets held for sale | Assets held for sale | Accounts payable and accrued expenses | Accrued income taxes | Other liabilities | Deferred income taxes | Liabilities held for sale |"}
{"_id": "d882b604c", "title": "", "text": "Long-term borrowings at December 31, 2014 had a carrying value of $4.922 billion and a fair value of $5.309 billion determined using market prices at the end of December 2014.12.\nBorrowings Short-Term Borrowings 2015 Revolving Credit Facility.\nIn March 2011, the Company entered into a five-year $3.5 billion unsecured revolving credit facility, which was amended in 2014, 2013 and 2012.\nIn April 2015, the Company entered into a five-year $3.5 billion unsecured revolving credit facility, which was amended in 2014, 2013 and 2012.\nThe 2015 credit facility permits the Company to request up to an additional $1.0 billion of borrowing capacity, subject to lender credit approval, increasing the overall size of the 2015 credit facility to an aggregate principal amount not to exceed $5.0 billion.\nInterest on borrowings outstanding accrues at a rate based on the applicable London Interbank Offered Rate plus a spread.\nThe 2015 credit facility requires the Company not to exceed a maximum leverage ratio (ratio of net debt to earnings before interest, taxes, depreciation and amortization, where net debt equals total debt less unrestricted cash) of 3 to 1, which was satisfied with a ratio of less than 1 to 1 at December 31, 2015.\nThe 2015 credit facility provides back-up liquidity to fund ongoing working capital for general corporate purposes and various investment opportunities.\nAt December 31, 2015, the Company had no amount outstanding under the 2015 credit facility.\nCommercial Paper Program.\nOn October 14, 2009, BlackRock established a commercial paper program (the CP Program) under which the Company could issue unsecured commercial paper notes (the CP Notes) on a private placement basis up to a maximum aggregate amount outstanding at any time of $4.0 billion as amended in April 2015.\nThe CP Program is currently supported by the 2015 credit facility.\nAt December 31, 2015, BlackRock had no CP Notes outstanding Long-Term Borrowings The carrying value and fair value of long-term borrowings estimated using market prices and foreign exchange rates at December 31, 2015 included the following:"}
{"_id": "d8c981918", "title": "", "text": "Earnings Adjusted for Certain Items (Ongoing Earnings and Ongoing Diluted EPS) GAAP diluted EPS reflects the potential dilution that could occur if securities or other agreements to issue common stock (i. e. , common stock equivalents) were settled.\nThe weighted average number of potentially dilutive shares outstanding used to calculate Xcel Energy Inc. ’s diluted EPS is calculated using the treasury stock method.\nOngoing earnings reflect adjustments to GAAP earnings (net income) for certain items.\nOngoing diluted EPS is calculated by dividing the net income or loss of each subsidiary, adjusted for certain items, by the weighted average fully diluted Xcel Energy Inc.  common shares outstanding for the period.\nOngoing diluted EPS for each subsidiary is calculated by dividing the net income or loss of such subsidiary, adjusted for certain items, by the weighted average fully diluted Xcel Energy Inc.  common shares outstanding for the period.\nWe use these non-GAAP financial measures to evaluate and provide details of Xcel Energy’s core earnings and underlying performance.\nWe believe these measurements are useful to investors to evaluate the actual and projected financial performance and contribution of our subsidiaries.\nFor the year ended Dec.  31, 2017, Xcel Energy recognized an estimated one-time, non-cash, income tax expense of approximately $23 million for net excess deferred tax assets which may not be recovered from customers or not attributable to regulated operations, increased valuation allowances, etc.\ndue to the enactment of the TCJAin December 2017.\nFor the year ended Dec.  31, 2018, there were no such adjustments to GAAP earnings and therefore GAAP earnings equal ongoing earnings.\nSee Note 7 to the consolidated financial statements for further information.\nResults of Operations Diluted EPS for Xcel Energy at Dec.  31:"}
{"_id": "d8817e350", "title": "", "text": "settlements, and the expiration of statutes of limitation, the Company currently estimates that the amount of unrecognized tax benefits could be reduced by up to $365 million during the next twelve months, with no significant impact on earnings or cash tax payments.\nWhile the Company believes that it is adequately accrued for possible audit adjustments, the final resolution of these examinations cannot be determined at this time and could result in final settlements that differ from current estimates.\nThe Company recorded an income tax provision for 2007 of $415 million, including a $41 million benefit related to the effective settlement of tax audits, and $8 million of other tax benefits.\nExcluding the impact of special items, the tax provision was $423 million, or 30% of pre-tax earnings before minority interest.\nThe Company recorded an income tax provision for 2006 of $1.9 billion, consisting of a $1.6 billion deferred tax provision (principally reflecting deferred taxes on the 2006 Transformation Plan forestland sales) and a $300 million current tax provision.\nThe provision also includes an $11 million provision related to a special tax adjustment.\nExcluding the impact of special items, the tax provision was $272 million, or 29% of pre-tax earnings before minority interest.\nThe Company recorded an income tax benefit for 2005 of $407 million, including a $454 million net tax benefit related to a special tax adjustment, consisting of a tax benefit of $627 million resulting from an agreement reached with the U. S. Internal Revenue Service concerning the 1997 through 2000 U. S. federal income tax audit, a $142 million charge for deferred taxes related to earnings repatriations under the American Jobs Creation Act of 2004, and $31 million of other tax charges.\nExcluding the impact of special items, the tax provision was $83 million, or 20% of pre-tax earnings before minority interest.\nInternational Paper has non-U.\nS. net operating loss carryforwards of approximately $352 million that expire as follows: 2008 through 2017  $14 million and indefinite carryforwards of $338 million.\nInternational Paper has tax benefits from net operating loss carryforwards for state taxing jurisdictions of approximately $258 million that expire as follows: 2008 through 2017$83 million and 2018 through 2027$175 million.\nInternational Paper also has federal, non-U.\nS. and state tax credit carryforwards that expire as follows: 2008 through 2017  $67 million, 2018 through 2027  $92 million, and indefinite carryforwards  $316 million.\nFurther, International Paper has state capital loss carryforwards that expire as follows: 2008 through 2017  $9 million.\nDeferred income taxes are not provided for temporary differences of approximately $3.7 billion, $2.7 billion and $2.4 billion as of December 31, 2007, 2006 and 2005, respectively, representing earnings of non-U.\nS. subsidiaries intended to be permanently reinvested.\nComputation of the potential deferred tax liability associated with these undistributed earnings and other basis differences is not practicable.\nNOTE 10 COMMITMENTS AND CONTINGENT LIABILITIES Certain property, machinery and equipment are leased under cancelable and non-cancelable agreements.\nUnconditional purchase obligations have been entered into in the ordinary course of business, principally for capital projects and the purchase of certain pulpwood, wood chips, raw materials, energy and services, including fiber supply agreements to purchase pulpwood that were entered into concurrently with the 2006 Transformation Plan forestland sales (see Note 7).\nAt December 31, 2007, total future minimum commitments under existing non-cancelable operating leases and purchase obligations were as follows:"}
{"_id": "d89f868de", "title": "", "text": "State and municipal securities Citigroup’s AFS state and municipal bonds consist mainly of bonds that are financed through Tender Option Bond programs.\nThe process for identifying credit impairment for bonds in this program as well as for bonds that were previously financed in this program is largely based on third-party credit ratings.\nIndividual bond positions must meet minimum ratings requirements, which vary based on the sector of the bond issuer.\nThe average portfolio rating, ignoring any insurance, is Aa3/AA-.\nCitigroup monitors the bond issuer and insurer ratings on a daily basis.\nIn the event of a downgrade of the bond below the Aa3/AA-, the subject bond is specifically reviewed for potential shortfall in contractual principal and interest.\nCitigroup has not recorded any credit impairments on bonds held as part of the Tender Option Bond program or on bonds that were previously held as part of the Tender Option Bond program.\nThe remainder of Citigroup’s AFS state and municipal bonds, outside of the above, are specifically reviewed for credit impairment based on instrument-specific estimates of cash flows, probability of default and loss given default."}
{"_id": "d866b22ec", "title": "", "text": "| For the years ended December 31, (In millions, except per share amounts) 2009 2008 2007 2006 2005 | Ameren: | Operating revenues(a) | Operating income(a) | Net income attributable to Ameren Corporation(a) | Common stock dividends | Earnings per share – basic and diluted(a) | Common stock dividends per share | As of December 31: | Total assets | Long-term debt, excluding current maturities | Preferred stock subject to mandatory redemption | Total Ameren Corporation stockholders’ equity | UE: | Operating revenues | Operating income | Net income available to common stockholder | Dividends to parent | As of December 31: | Total assets | Long-term debt, excluding current maturities | Total stockholders’ equity | CIPS: | Operating revenues | Operating income | Net income available to common stockholder | Dividends to parent | As of December 31: | Total assets | Long-term debt, excluding current maturities | Total stockholders’ equity | Genco: | Operating revenues | Operating income | Net income | Dividends to parent | As of December 31: | Total assets | Long-term debt, excluding current maturities | Subordinated intercompany notes (current and long-term) | Total stockholder’s equity | CILCO: | Operating revenues | Operating income | Net income available to common stockholder | Dividends to parent | As of December 31: | Total assets | Long-term debt, excluding current maturities | Preferred stock subject to mandatory redemption | Total stockholders’ equity | IP: | Operating revenues | Operating income | Net income available to common stockholder | Dividends to parent | As of December 31: | Total assets | Long-term debt, excluding current maturities | Long-term debt to IP SPT, excluding current maturities | Total stockholders’ equity |"}
{"_id": "d89c4f80a", "title": "", "text": "For the year ended December 31, 2013, an average of 3.1 million options to purchase shares of common stock were not included in the computation of diluted earnings per share as the exercise prices of these options were greater than the average market price of the common stock.\nFor the years ended December 31, 2012 and 2011, an average of 11.9 million and 13.2 million options, respectively, were not included.\nDuring 2013, we repurchased 9.1 million shares of our common stock at an average price of $78.88 per share for a total cash outlay of $719.0 million, including commissions.\nEffective January 1, 2014, we have a new share repurchase program that authorizes purchases of up to $1.0 billion with no expiration date.\nNo further purchases will be made under the previous share repurchase program.17."}
{"_id": "d8c4fa732", "title": "", "text": "| Amount | Fiscal 2010 | Fiscal 2011 | Fiscal 2012 | Fiscal 2013 | Fiscal 2014 | Thereafter | Total minimum payments | Less-amount representing interest | Total |"}
{"_id": "d8de7ef50", "title": "", "text": "| Year Ended September 30, | 2010 | ($ in 000's) | Revenues: | Securities Commissions and | Investment Banking Fees | Investment Advisory Fees | Interest Income | Trading Profits | Other | Total Revenues | Interest Expense | Net Revenues | Non-Interest Expenses: | Compensation Expense | Other Expense | Total Non-Interest Expenses | Loss Before Taxes and Including Noncontrolling Interests | Noncontrolling Interests | Pre-tax Loss Excluding Noncontrolling Interests |"}
{"_id": "d8e8a662c", "title": "", "text": "| 2012 2011 2010 | Outstanding, beginning of year | Shares issued as part of the merger | Shares issued from Equity Units Offering | Shares issued, other | Issued from treasury | Returned to treasury | Outstanding, end of year | Shares subject to the forward share purchase contract | Outstanding, less shares subject to the forward share purchase contract |"}
{"_id": "d889ff0ce", "title": "", "text": "Expected volatility is based on the term-matched historical volatility over the simulated term, which is calculated as the time between the grant date and the end of the performance period.\nThe risk-free interest rate is based on a 3.25 year zero-coupon risk-free interest rate derived from the Treasury Constant Maturities yield curve on the grant date.\nAt December 31, 2016, unrecognized compensation expense related to performance units totaled $10 million.\nSuch unrecognized expense will be amortized on a straight-line basis over a weighted average period of 3.0 years."}
{"_id": "d8ad8a282", "title": "", "text": "Derivative Instruments and Hedging Agreements Foreign Exchange Exposure Management  The Company enters into forward foreign currency exchange contracts to offset certain operational and balance sheet exposures from the impact of changes in foreign currency exchange rates.\nSuch exposures result from the portion of the Companys operations, assets and liabilities that are denominated in currencies other than the U. S.  dollar, primarily the Euro; other exposures include the Philippine Peso and the British Pound.\nThese foreign currency exchange contracts are entered into to support transactions made in the normal course of business, and accordingly, are not speculative in nature.\nThe contracts are for periods consistent with the terms of the underlying transactions, generally one year or less.\nHedges related to anticipated transactions are designated and documented at the inception of the respective hedges as cash flow hedges and are evaluated for effectiveness monthly.\nDerivative instruments are employed to eliminate or minimize certain foreign currency exposures that can be confidently identified and quantified.\nAs the terms of the contract and the underlying transaction are matched at inception, forward contract effectiveness is calculated by comparing the change in fair value of the contract to the change in the forward value of the anticipated transaction, with the effective portion of the gain or loss on the derivative instrument reported as a component of accumulated other comprehensive (loss) income (OCI) in shareholders equity and reclassified into earnings in the same period during which the hedged transaction affects earnings.\nAny residual change in fair value of the instruments, or ineffectiveness, is recognized immediately in other income/expense.\nAdditionally, the Company enters into forward foreign currency contracts that economically hedge the gains and losses generated by the remeasurement of certain recorded assets and liabilities in a non-functional currency.\nChanges in the fair value of these undesignated hedges are recognized in other income/expense immediately as an offset to the changes in the fair value of the asset or liability being hedged."}
{"_id": "d8646eb84", "title": "", "text": "xtinguishment of debt.\nThe loss on early extinguishment of debt included the call premium on the purchased 2023 Notes and the write-off of a portion of the unamortized deferred debt issuance costs.\nConcurrently with the issuance of the 2023 Notes, we entered into hedge transactions with a financial institution whereby we originally acquired options to purchase up to 26.8 million shares of our common stock at a price of $15.65 per share.\nThese options expire on August 15, 2008 and must be settled in net shares.\nThe cost of the hedge transactions to us was $134.6 million.\nIn connection with the purchase of a portion of the 2023 Notes in December 2006, we also sold 12.1 million of the hedges that were originally purchased in connection with the 2023 Notes and received proceeds of $55.9 million.\nIn addition, we sold warrants for our common stock to a financial institution for the purchase of up to 26.8 million shares of our common stock at a price of $23.08 per share.\nThe warrants expire on various dates from February 2008 through May 2008 and must be settled in net shares.\nWe received $56.4 million in cash proceeds from the sale of these warrants.\nIn connection with the purchase of a portion of the 2023 Notes in December 2006, we also purchased 12.1 million of the warrants for our common stock that were originally issued in connection with the 2023 Notes at a cost of $10.2 million.\nThe remaining outstanding warrants will be included in diluted EPS to the extent the impact is not considered anti-dilutive.\nAs of December 29, 2007, the estimated fair value of the remaining hedges acquired in connection with the issuance of the 2023 Notes was $39.0 million and the estimated fair value of the remaining warrants sold in connection with the issuance of the 2023 Notes was $0.2 million.\nSubsequent changes in the fair value of these hedge and warrant transactions will not be recognized as long as the instruments remain classified as equity."}
{"_id": "d85eaad10", "title": "", "text": "Gains or losses from the sale of assets are generally recorded in Other income, net (see policy below for assets classified as held for sale and discontinued operations).\nRepairs and maintenance are charged to expense as incurred.\nInterest related to the construction of qualifying assets is capitalized as part of the construction costs.\nProperties, plants, and equipment are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of such assets (asset group) may not be recoverable.\nRecoverability of assets is determined by comparing the estimated undiscounted net cash flows of the operations related to the assets (asset group) to their carrying amount.\nAn impairment loss would be recognized when the carrying amount of the assets (asset group) exceeds the estimated undiscounted net cash flows.\nThe amount of the impairment loss to be recorded is calculated as the excess of the carrying value of the assets (asset group) over their fair value, with fair value determined using the best information available, which generally is a discounted cash flow (DCF) model.\nThe determination of what constitutes an asset group, the associated estimated undiscounted net cash flows, and the estimated useful lives of assets also require significant judgments.\nGoodwill and Other Intangible Assets.\nGoodwill is not amortized; instead, it is reviewed for impairment annually (in the fourth quarter) or more frequently if indicators of impairment exist or if a decision is made to sell or exit a business.\nA significant amount of judgment is involved in determining if an indicator of impairment has occurred.\nSuch indicators may include deterioration in general economic conditions, negative developments in equity and credit markets, adverse changes in the markets in which an entity operates, increases in input costs that have a negative effect on earnings and cash flows, or a trend of negative or declining cash flows over multiple periods, among others.\nThe fair value that could be realized in an actual transaction may differ from that used to evaluate the impairment of goodwill.\nGoodwill is allocated among and evaluated for impairment at the reporting unit level, which is defined as an operating segment or one level below an operating segment.\nArconic has eight reporting units, of which four are included in the Engineered Products and Solutions segment, three are included in the Transportation and Construction Solutions segment, and the remaining reporting unit is the Global Rolled Products segment.\nMore than 70% of Arconics total goodwill is allocated to two reporting units as follows: Arconic Fastening Systems and Rings (AFSR) ($2,200) and Arconic Power and Propulsion (APP) ($1,647) businesses, both of which are included in the Engineered Products and Solutions segment.\nThese amounts include an allocation of Corporates goodwill.\nIn November 2014, Arconic acquired Firth Rixson (see Note F), and, as a result recognized $1,801 in goodwill.\nThis amount was allocated between the AFSR and Arconic Forgings and Extrusions (AFE) reporting units, which is part of the Engineered Products and Solutions segment.\nIn March and July 2015, Arconic acquired TITAL and RTI, respectively, (see Note F) and recognized $117 and $298, respectively, in goodwill.\nThe goodwill amount related to TITAL was allocated to the APP reporting unit and the amount related to RTI was allocated to Arconic Titanium and Engineered Products (ATEP), a new Arconic reporting unit that consists solely of the acquired RTI business and is part of the Engineered Products and Solutions segment.\nIn reviewing goodwill for impairment, an entity has the option to first assess qualitative factors to determine whether the existence of events or circumstances leads to a determination that it is more likely than not (greater than 50%) that the estimated fair value of a reporting unit is less than its carrying amount.\nIf an entity elects to perform a qualitative assessment and determines that an impairment is more likely than not, the entity is then required to perform the"}
{"_id": "d8a103464", "title": "", "text": "| Past damages $754.3 | License agreement | Covenant not to sue | Total |"}
{"_id": "d8b9e7e9e", "title": "", "text": "Research and Development Research and development costs are expensed as incurred.\nClinical study costs are accrued over the service periods specified in the contracts and adjusted as necessary based upon an ongoing review of the level of effort and costs actually incurred.\nStrategic alliances with third parties provide rights to develop, manufacture, market and/or sell pharmaceutical products, the rights to which are owned by the other party.\nResearch and development is recognized net of reimbursements in connection with alliance agreements.\nRecently Issued Accounting Standards In April 2014, the Financial Accounting Standards Board (FASB) issued amended guidance on the use and presentation of discontinued operations in an entity's consolidated financial statements.\nThe new guidance restricts the presentation of discontinued operations to business circumstances when the disposal of business operations represents a strategic shift that has or will have a major effect on an entity's operations and financial results.\nThe guidance becomes effective on January 1, 2015.\nAdoption is on a prospective basis.\nIn May 2014, the FASB issued a new standard related to revenue recognition, which requires an entity to recognize the amount of revenue to which it expects to be entitled for the transfer of promised goods or services to customers.\nThe new standard will replace most of the existing revenue recognition standards in U. S.  GAAP when it becomes effective on January 1, 2017.\nEarly adoption is not permitted.\nThe new standard can be applied retrospectively to each prior reporting period presented or retrospectively with the cumulative effect of the change recognized at the date of the initial application in retained earnings.\nThe Company is assessing the potential impact of the new standard on financial reporting and has not yet selected a transition method."}
{"_id": "d8f29f4bc", "title": "", "text": "Sources of Revenue Our revenues are primarily derived from the planning and execution of multi-channel advertising, marketing and communications programs around the world.\nOur revenues are directly dependent upon the advertising, marketing and corporate communications requirements of our existing clients and our ability to win new clients.\nMost of our client contracts are individually negotiated and, accordingly, the terms of client engagements and the bases on which we earn commissions and fees vary significantly.\nAs is customary in the industry, our contracts generally provide for termination by either party on relatively short notice, usually 90 days.\nRevenues for the creation, planning and placement of advertising are determined primarily on a negotiated fee basis and, to a lesser extent, on a commission basis.\nFees are usually calculated to reflect hourly rates plus proportional overhead and a mark-up.\nMany clients include an incentive compensation component in their total compensation package.\nThis provides added revenue based on achieving mutually agreed-upon qualitative or quantitative metrics within specified time periods.\nCommissions are earned based on services provided and are usually derived from a percentage or fee over the total cost to complete the assignment.\nCommissions can also be derived when clients pay us the gross rate billed by media and we pay for media at a lower net rate; the difference is the commission that we earn, which we either retain in full or share with the client depending on the nature of the applicable services agreement.\nWe also generate revenue in negotiated fees from our public relations, sales promotion, event marketing, sports and entertainment marketing and corporate and brand identity services.\nIn most of our businesses, our agencies enter into commitments to pay production and media costs on behalf of clients.\nTo the extent possible, we pay production and media charges after we have received funds from our clients.\nGenerally, we act as the client’s agent rather than the primary obligor.\nIn some instances we agree with the provider that we will only be liable to pay the production and media costs after the client has paid us for the charges.\nOur revenue is typically lowest in the first quarter and highest in the fourth quarter.\nThis reflects the seasonal spending of our clients, incentives earned at year end on various contracts and project work completed that is typically recognized during the fourth quarter.\nFee revenue recognized on a completed contract basis also contributes to the higher seasonal revenues experienced in the fourth quarter because the majority of our contracts end at December 31."}
{"_id": "d889ff10a", "title": "", "text": "Pension Plans.\nEOG has a defined contribution pension plan in place for most of its employees in the United States.\nEOG's contributions to the pension plan are based on various percentages of compensation and, in some instances, are based upon the amount of the employees' contributions.\nEOG's total costs recognized for the plan were $34 million, $36 million and $41 million for 2016, 2015 and 2014, respectively.\nIn addition, EOG's Trinidadian subsidiary maintains a contributory defined benefit pension plan and a matched savings plan.\nEOG's United Kingdom subsidiary maintains a pension plan which includes a non-contributory defined contribution pension plan and a matched defined contribution savings plan.\nThese pension plans are available to most employees of the Trinidadian and United Kingdom subsidiaries.\nEOG's combined contributions to these plans were $1 million, $1 million and $5 million for 2016, 2015 and 2014, respectively.\nFor the Trinidadian defined benefit pension plan, the benefit obligation, fair value of plan assets and accrued benefit cost totaled $8 million, $7 million and $0.3 million, respectively, at December 31, 2016, and $9 million, $7 million and $0.2 million, respectively, at December 31, 2015.\nIn connection with the divestiture of substantially all of its Canadian assets in the fourth quarter of 2014, EOG has elected to terminate the Canadian non-contributory defined benefit pension plan."}
{"_id": "d82441bba", "title": "", "text": "| Dollars in Millions December 31, 2010 % of Trailing Twelve Month Net Sales December 31, 2009 % of Trailing Twelve Month Net Sales | Net trade receivables | Inventories | Accounts payable | Total |"}
{"_id": "d877c9d1e", "title": "", "text": "CAPITAL STOCK Common Stock Authorized common stock consists of 300 million shares with a par value of $1 per share.\nAs of 30 September 2016, 249 million shares were issued, with 217 million outstanding.\nOn 15 September 2011, the Board of Directors authorized the repurchase of up to $1,000 of our outstanding common stock.\nWe repurchase shares pursuant to Rules 10b5-1 and 10b-18 under the Securities Exchange Act of 1934, as amended, through repurchase agreements established with several brokers.\nWe did not purchase any of our outstanding shares during fiscal year 2016.\nAt 30 September 2016, $485.3 in share repurchase authorization remains.\nDISH NETWORK CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued F-40 14.\nStock-Based Compensation We account for our stock-based compensation in accordance with Statement of Financial Accounting Standards No.123R (As Amended), Share-Based Payment (SFAS 123R), which (i) revises Statement of Financial Accounting Standards No.123, Accounting and Disclosure of Stock-Based Compensation, (SFAS 123) to eliminate both the disclosure only provisions of that statement and the alternative to follow the intrinsic value method of accounting under Accounting Principles Board Opinion No.25, Accounting for Stock Issued to Employees (APB 25) and related interpretations, and (ii) requires the cost resulting from all share-based payment transactions with employees be recognized in the results of operations over the period during which an employee provides the requisite service in exchange for the award and establishes fair value as the measurement basis of the cost of such transactions.\nStock Incentive Plans In connection with the Spin-off, as provided in our existing stock incentive plans and consistent with the Spin-off exchange ratio, each DISH Network stock option was converted into two stock options as follows:  an adjusted DISH Network stock option for the same number of shares that were exercisable under the original DISH Network stock option, with an exercise price equal to the exercise price of the original DISH Network stock option multiplied by 0.831219.\n a new EchoStar stock option for one-fifth of the number of shares that were exercisable under the original DISH Network stock option, with an exercise price equal to the exercise price of the original DISH Network stock option multiplied by 0.843907.\nSimilarly, each holder of DISH Network restricted stock units retained his or her DISH Network restricted stock units and received one EchoStar restricted stock unit for every five DISH Network restricted stock units that they held.\nConsequently, the fair value of the DISH Network stock award and the new EchoStar stock award immediately following the Spin-off was equivalent to the fair value of such stock award immediately prior to the Spin-off.\nWe maintain stock incentive plans to attract and retain officers, directors and key employees.\nAwards under these plans include both performance and non-performance based equity incentives.\nAs of December 31, 2008, we had outstanding under these plans stock options to acquire 21.8 million shares of our Class A common stock and 1.5 million restricted stock awards.\nStock options granted through December 31, 2008 were granted with exercise prices equal to or greater than the market value of our Class A common stock at the date of grant and with a maximum term of ten years.\nWhile historically we have issued stock options subject to vesting, typically at the rate of 20% per year, some stock options have been granted with immediate vesting and other stock options vest only upon the achievement of certain company-wide objectives.\nAs of December 31, 2008, we had 57.5 million shares of our Class A common stock available for future grant under our stock incentive plans.\nAs of December 31, 2008, the following stock incentive awards were outstanding:"}
{"_id": "d87053ac6", "title": "", "text": "| (in millions of U.S. dollars) CreditLine-1 Usage Expiry Date | Syndicated Letter of Credit Facility | Revolving Credit/LOC Facility-2 | Bilateral Letter of Credit Facility | Funds at Lloyds’s Capital Facilities-3 | Total |"}
{"_id": "d823e99a6", "title": "", "text": "| For the Years Ended December 31, | (in millions) | Net earnings attributable to PMI | Less distributed and undistributed earnings attributable to share-based payment awards | Net earnings for basic and diluted EPS | Weighted-average shares for basic EPS | Plus contingently issuable performance stock units (PSUs) | Weighted-average shares for diluted EPS |"}
{"_id": "d8dfc2a7e", "title": "", "text": "| 2011 2010 2009 | (In millions) | Compensation cost of share-based compensation awards: | Restricted stock awards | Stock options | Cash-settled restricted stock units | Tax benefits related to compensation cost | Compensation cost of share-based compensation awards, net of tax | Year Ended December 31 | 2016 | (Dollars in millions) | ADJUSTED NON-ACCRUAL LOANS AND SELECTED RATIOS | Allowance for loan losses (GAAP) | Less: Direct energy portion | Adjusted allowance for loan losses (non-GAAP) | Total non-accrual loans (GAAP) | Less: Direct energy non-accrual loans | Adjusted total non-accrual loans (non-GAAP) | Allowance for loan losses to non-performing loans, excluding loans held for sale (GAAP) | Adjusted allowance for loan losses to non-performing loans, excluding loans held for sale (non-GAAP) |"}
{"_id": "d8617c8d6", "title": "", "text": "| Asset Derivatives December 31, 2011 Liability Derivatives December 31, 2011 | (In millions) | Derivatives not designated as hedging instruments: | Foreign exchange contracts | Interest-rate contracts | Other derivative contracts | Total | Derivatives designated as hedging instruments: | Interest-rate contracts | Foreign exchange contracts | Total |"}
{"_id": "d815cd192", "title": "", "text": "| Balance at Beginning of Period Goodwill Acquired Foreign Currency Translation and Other Balance at End of Period | Year Ended December 31, 2006 | Food Packaging | Protective Packaging | Total | Year Ended December 31, 2005 | Food Packaging | Protective Packaging | Total |"}
{"_id": "d8de982e8", "title": "", "text": "| Year Ended December 31, Variance 2007 vs. 2006 | 2007 | Results of Operations:-1(2) | Net operating interest income | Provision for loan losses-3 | Total net revenue | Gain (loss) on loans and securities, net | Net income (loss) from continuing operations(4) | Cumulative effect of accounting changes-5 | Net income (loss) | Basic earnings (loss) per share from continuing operations | Diluted earnings (loss) per share from continuing operations | Basic net earnings (loss) per share | Diluted net earnings (loss) per share | Weighted average shares—basic | Weighted average shares—diluted-6 |"}
{"_id": "d8e11c2a8", "title": "", "text": "| For the Year Ended December 31, 2016 For the Year Ended December 31, 2015 | (Millions of Dollars) | Operating revenues | Purchased power | Fuel | Gas purchased for resale | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Operating income |"}
{"_id": "d87528da8", "title": "", "text": "Non-Operating Items"}
{"_id": "d8733ff96", "title": "", "text": "| Equity Compensation PlanCategory Number ofSecurities to beIssued UponExercise ofOutstandingOptions, Warrantsand Rights Weighted AverageExercise Price ofOutstandingOptions, Warrantsand Rights Number of SecuritiesRemaining Availablefor Future IssuanceUnder EquityCompensation Plans(excluding securitiesreflected in the firstcolumn) | Stockholder-approved plans | Nonstockholder-approved plans | Total |"}
{"_id": "d8e80f7d6", "title": "", "text": "| December 31, 2006 | Amortized cost | (in millions) | Finance — Bank | Finance — Insurance | Finance — Other | Industrial — Consumer | Industrial — Energy | Industrial — Manufacturing | Industrial — Other | Industrial — Service | Industrial — Transport | Utility — Electric | Utility — Other | Utility — Telecom | Total corporate securities | Residential pass-through securities | Commercial mortgage-backed securities | Residential collateralized mortgage obligations | Asset-backed securities — Home equity | Asset-backed securities — All other | Collateralized debt obligations — Credit | Collateralized debt obligations — CMBS | Collateralized debt obligations — Loans | Collateralized debt obligations — ABS | Total mortgage-backed and other asset-backed securities | U.S. Government and agencies | States and political subdivisions | Non-U.S. governments | Total fixed maturity securities, available-for-sale |"}
{"_id": "d87e0e7ce", "title": "", "text": "| December 31, Buildings A and B Building C Total | 2011 | 2012 | 2013 | 2014 | 2015 | Thereafter | $187,741 |"}
{"_id": "d8d9d0a9e", "title": "", "text": "| Consolidated United States West Africa EasternMediterranean NorthSea Other Int'l, Corporate | (millions) | Year Ended December 31, 2011 | Revenues from Third Parties | Income from Equity Method Investees | Total Revenues-1 | DD&A | Gain on Divestiture | Asset Impairments | (Gain) Loss on Commodity Derivative Instruments | Income (Loss) Before Income Taxes | Equity Method Investments | Additions to Long-Lived Assets | Goodwill at End of Year | Total Assets at End of Year-2 | Year Ended December 31, 2010 | Revenues from Third Parties | Reclassification from AOCL-3 | Income from Equity Method Investees | Total Revenues-1 | DD&A | Net Gain on Asset Sales | Asset Impairments | (Gain) Loss on Commodity Derivative Instruments | Income (Loss) Before Income Taxes | Equity Method Investments | Additions to Long-Lived Assets | Goodwill at End of Year | Total Assets at End of Year-2 | Year Ended December 31, 2009 | Revenues from Third Parties | Reclassification from AOCL-3 | Income from Equity Method Investees | Total Revenues-1 | DD&A | Asset Impairments | Gain on Commodity Derivative Instruments | Income (Loss) Before Income Taxes | Equity Method Investments | Additions to Long-Lived Assets | Goodwill at End of Year | Total Assets at End of Year-2 |"}
{"_id": "d8cc91a9a", "title": "", "text": "| For the Year Ended December 31 | 2010 | Test & Measurement | Environmental | Life Sciences & Diagnostics | Dental | Industrial Technologies | Businesses contributed to Apex joint venture | Total |"}
{"_id": "d8b4c192e", "title": "", "text": "| New Sites (Acquired or Constructed) 2012 2011 2010 | Domestic | International-1 |"}
{"_id": "d88f63998", "title": "", "text": "| Year ended December 31, 2011 Year ended December 31, 2010 | $ in millions | Beginning balance | Purchases, sales, issuances and settlements/prepayments, net* | Acquisition of businesses | Gains/(losses) included in the Consolidated Statement of Income** | Foreign exchange | Ending balance |"}
{"_id": "d8b06e264", "title": "", "text": "| December 31, 2014 | (Dollars in millions) | Home loans | Core portfolio | Residential mortgage | Home equity | Legacy Assets & Servicing portfolio | Residential mortgage-5 | Home equity | Credit card and other consumer | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer-6 | Other consumer-7 | Total consumer | Consumer loans accounted for under the fair value option-8 | Total consumer loans and leases | Commercial | U.S. commercial | Commercial real estate-9 | Commercial lease financing | Non-U.S. commercial | U.S. small business commercial | Total commercial | Commercial loans accounted for under the fair value option-8 | Total commercial loans and leases | Total loans and leases | Percentage of outstandings | December 31 | (Dollars in millions) | By counterparty | Private-label securitization trustees, whole-loan investors, including third-party securitization sponsors and other-1, 2 | Monolines-3 | GSEs | Total gross claims | Duplicate claims-4 | Total unresolved repurchase claims by counterparty, net of duplicate claims-2 | By product type | Prime loans | Alt-A | Home equity | Pay option | Subprime | Other | Total | Duplicate claims-4 | Total unresolved repurchase claims by product type, net of duplicate claims-2 |"}
{"_id": "d8bc8d28e", "title": "", "text": "| December 31, | (Dollar amounts in millions) | Deferred income tax assets: | Compensation and benefits | Unrealized investment losses | Loss carryforwards | Other | Gross deferred tax assets | Less: deferred tax valuation allowances | Deferred tax assets net of valuation allowances | Deferred income tax liabilities: | Goodwill and acquired indefinite-lived intangibles | Acquired finite-lived intangibles | Other | Gross deferred tax liabilities | Net deferred tax (liabilities) |"}
{"_id": "d81ee4208", "title": "", "text": "| Year Ended December 31, | 2015 | Other revenue special item, net -1 | Mainline operating special items, net -2 | Regional operating special items, net -3 | Nonoperating special items, net -4 | Reorganization items, net -5 | Income tax special items, net -6 | Total |"}
{"_id": "d87180c96", "title": "", "text": "Investment Strategy The Company’s global pension and postretirement funds’ investment strategy is to invest in a prudent manner for the exclusive purpose of providing benefits to participants.\nThe investment strategies are targeted to produce a total return that, when combined with the Company’s contributions to the funds, will maintain the funds’ ability to meet all required benefit obligations.\nRisk is controlled through diversification of asset types and investments in domestic and international equities, fixed income securities and cash and short-term investments.\nThe target asset allocation in most locations outside the U. S.  is primarily in equity and debt securities.\nThese allocations may vary by geographic region and country depending on the nature of applicable obligations and various other regional considerations.\nThe wide variation in the actual range of plan asset allocations for the funded non-U.\nS.  plans is a result of differing local statutory requirements and economic conditions.\nFor example, in certain countries local law requires that all pension plan assets must be invested in fixed income investments, government funds or local-country securities.\nSignificant Concentrations of Risk in Plan Assets The assets of the Company’s pension plans are diversified to limit the impact of any individual investment.\nThe U. S.  qualified pension plan is diversified across multiple asset classes, with publicly traded fixed income, hedge funds, publicly traded equity and real estate representing the most significant asset allocations.\nInvestments in these four asset classes are further diversified across funds, managers, strategies, vintages, sectors and geographies, depending on the specific characteristics of each asset class.\nThe pension assets for the Company’s non-U.\nS.  Significant Plans are primarily invested in publicly traded fixed income and publicly traded equity securities.\nOversight and Risk Management Practices The framework for the Company’s pension oversight process includes monitoring of retirement plans by plan fiduciaries and/or management at the global, regional or country level, as appropriate.\nIndependent Risk Management contributes to the risk oversight and monitoring for the Company’s U. S.  qualified pension plan and non-U.\nS.  Significant Pension Plans.\nAlthough the specific components of the oversight process are tailored to the requirements of each region, country and plan, the following elements are common to the Company’s monitoring and risk management process: ?\nperiodic asset/liability management studies and strategic asset allocation reviews; ?\nperiodic monitoring of funding levels and funding ratios; ?\nperiodic monitoring of compliance with asset allocation guidelines; ?\nperiodic monitoring of asset class and/or investment manager performance against benchmarks; and ?\nperiodic risk capital analysis and stress testing.\nEstimated Future Benefit Payments The Company expects to pay the following estimated benefit payments in future years:"}
{"_id": "d8a8e9afc", "title": "", "text": "The majority of the Aerospace groups operating costs relate to new aircraft production on firm orders and consist of labor, material, subcontractor and overhead costs.\nThe costs are accumulated in production lots, recorded in inventory and recognized as operating costs at aircraft delivery based on the estimated average unit cost in a production lot.\nWhile changes in the estimated average unit cost for a production lot impact the level of operating costs, the amount of operating costs reported in a given period is based largely on the number and type of aircraft delivered.\nOperating costs in the Aerospace groups completions and services businesses are recognized generally as incurred.\nFor new aircraft, operating earnings and margin are a function of the prices of our aircraft, our operational efficiency in manufacturing and outfitting the aircraft, and the mix of large-cabin and mid-cabin aircraft deliveries.\nAdditional factors affecting the groups earnings and margin include the volume, mix and profitability of completions and services work performed, the volume of and market for pre-owned aircraft, and the level of general and administrative (G&A) and net research and development (R&D) costs incurred by the group."}
{"_id": "d8185ccc8", "title": "", "text": "| 2013 Period-to- Period Change 2012 Period-to- Period Change 2011 | Depreciation of tangible property and equipment | Amortization of landfill airspace | Amortization of intangible assets | $1,333 |"}
{"_id": "d896ed81c", "title": "", "text": "| Jurisdiction Tax Years | United States | Brazil | China | France | Germany | India | Israel | Japan | Malaysia | Singapore | United Kingdom |"}
{"_id": "d8232f0ba", "title": "", "text": "| Oil Bitumen Gas NGLs Total | (In millions) | 2010 sales | Change due to volumes | Change due to prices | 2011 sales | Change due to volumes | Change due to prices | 2012 sales |"}
{"_id": "d8d5a132e", "title": "", "text": "| Crude Oil, Condensate and Natural Gas Liquids Natural Gas | United   States | (Millions of barrels) | Net Proved Undeveloped Reserves | At January 1, 2007 | At December 31, 2007 | At December 31, 2008 | At December 31, 2009 |"}
{"_id": "d8da46852", "title": "", "text": "| At December 31, 2010(in millions) Unrecognized Compensation Cost Weighted- Average Period (years) Expected Period (years) | Plans: | Time-vested RSUs – 2007 Plan | AIG DCPPP | AIG Partners Plan | Total AIG Plans | Total SICO Plans |"}
{"_id": "d8b6dd924", "title": "", "text": "| Total Number ofShares (or Units)Purchased1 Average Price Paidper Share (or Unit)2 Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs3 Maximum Number (or Approximate Dollar Value)of Shares (or Units) that MayYet Be Purchased Under thePlans or Programs3 | October 1 - 31 | November 1 - 30 | December 1 - 31 | Total |"}
{"_id": "d8e91ea14", "title": "", "text": "| 2011 $74,896 | 2012 | 2013 | 2014 | 2015 | Thereafter | Total cash obligations | Unamortized discounts and premiums, net | Balance as of December 31, 2010 |"}
{"_id": "d8c85457c", "title": "", "text": "Entergy Louisiana, LLC and Subsidiaries Managements Financial Discussion and Analysis Entergy Louisiana may refinance, redeem, or otherwise retire debt prior to maturity, to the extent market conditions and interest and distribution rates are favorable.\nAll debt and common and preferred membership interest issuances by Entergy Louisiana require prior regulatory approval.\nPreferred membership interest and debt issuances are also subject to issuance tests set forth in its bond indentures and other agreements.\nEntergy Louisiana has sufficient capacity under these tests to meet its foreseeable capital needs.\nEntergy Louisianas receivables from the money pool were as follows as of December 31 for each of the following years."}
{"_id": "d87ceada2", "title": "", "text": "| 2008 First Quarter Second Quarter Third Quarter Fourth Quarter | Net sales | Gross profit | Net earnings | Basic net earnings per common share | Diluted net earnings per common share |"}
{"_id": "d8f8cb390", "title": "", "text": "Venezuela related activities Effective as of the end of the fourth quarter of 2015, we deconsolidated our Venezuelan subsidiaries and began accounting for the investments in our Venezuelan subsidiaries using the cost method of accounting effective in the first quarter of 2016.\nThe conditions within Venezuela driving this decision remained in place during 2016 and 2017.\nPrior to deconsolidation, we remeasured our Venezuelan bolivar operations within our Water, Paper, Food & Beverage, Institutional and the bolivar portion of our Venezuelan operations within Energy operating segments from the official exchange rate at the time of 6.3 bolivares to 1 U. S.  dollar to the SIMADI rate at the time of approximately 200 bolivares to 1 U. S.  dollar.\nAs a result of the ownership structure of our Food & Beverage and Institutional operations in Venezuela, we reflected a portion of the devaluation impact as a component of net income (loss) attributable to noncontrolling interest on the Consolidated Statement of Income.\nUpon deconsolidation, we recorded a charge to fully write off our intercompany receivables and investment.\nThe total charges during 2015 related to our actions in Venezuela were $289.3 million ($246.8 million after tax).\nWe reflected $11.1 million of the above charges as a component of net income (loss) attributable to noncontrolling interest on the Consolidated Statement of Income, resulting in a net charge of $235.7 million or $0.78 per diluted share.\nWe recorded gains due to U. S.  dollar cash recoveries of intercompany receivables written off at the time of deconsolidation of $11.5 million ($7.2 million after tax) or $0.02 per diluted share and $7.8 million ($4.9 million after tax) or $0.02 per diluted share in 2017 and 2016, respectively.\nGain on sale of business During 2017, we disposed of the Equipment Care business and recorded a gain of $46.1 million ($12.4 million after tax primarily due to non-deductible goodwill), or $0.04 per diluted share, net of working capital adjustments, costs to sell and other transaction expenses.\nThe gain has been included as a component of special (gains) and charges on the Consolidated Statement of Income.\nOther We recorded net gains of $1.4 million ($0.7 million after tax), or less than $0.01 per diluted share, net charges of $33.2 million ($21.1 million after tax) or $0.07 per diluted share, and net charges of $56.3 million ($34.5 million after tax), or $0.11 per diluted share in 2017, 2016, and 2015, respectively, primarily related to litigation related charges and settlements.\nIn 2015, this also included the recognition of a loss on the sale of a portion of our Ecovation business, offset partially by the recovery of funds deposited into escrow as part of the Champion transaction.\nThese items have been included as a component of special (gains) and charges on the Consolidated Statement of Income.\nInterest Expense, net During 2017, in anticipation of U. S.  tax reform and a potential limit on interest deductibility in future years, we entered into transactions to exchange or retire certain long-term debt, and incurred debt exchange and extinguishment charges of $21.9 million ($13.6 million after tax), or $0.05 per diluted share.\nThis charge has been included as a component of interest expense, net on the Consolidated Statement of Income."}
{"_id": "d897fcac8", "title": "", "text": "| December 31, 2010 December 31, 2009 | Carrying amount | ($ in millions) | Fixed maturities: | Public | Private | Equity securities | Mortgage loans: | Commercial | Residential | Real estate held for sale | Real estate held for investment | Policy loans | Other investments | Total invested assets | Cash and cash equivalents | Total invested assets and cash |"}
{"_id": "d8e3d6a48", "title": "", "text": "| (Billions) 2016 2015 2014 | Total cash provided by (used in): | Operating activities | Investing activities | Financing activities | Effect of foreign currency exchange rateson cash and cash equivalents and other | Net increase in cash and cashequivalents |"}
{"_id": "d8f0f2aec", "title": "", "text": "| Coca-Cola Minute Maid Aquarius Bonaqua/Bonaqa | Diet Coke/Coca-Cola Light | Coca-Cola Zero | Fanta | Sprite |"}
{"_id": "d812ed580", "title": "", "text": "(1) Total debt includes $745.7 million of fixed rate debt.\nFixed interest payments are therefore reflected in the table above in the periods they are due.\nThe credit facility, $539.0 million outstanding at December 31, 2011, provides for borrowings of various maturities.\nInterest is payable based upon LIBOR, Prime, Federal Funds or other bank-provided rates in existence at the time of each borrowing.\n(2) Operating leases reflect obligations for leased building space.\nSee Item 8, Financial Statements and Supplementary Data - Note 14, “Operating Leases” for sublease information.\n(3) Expected future contributions to defined benefit plans of $43.8 million are estimated for the next five years, and are comprised of $31.8 million related to pension plans and $12.0 million related to a postretirement medical plan.\nSee Item 8, Financial Statements and Supplementary Data - Note 13, “Retirement Benefit Plans” for detailed benefit pension and postretirement plan information.\n(4) The company has capital commitments into co-invested funds that are to be drawn down over the life of the partnership as investment opportunities are identified.\nAt December 31, 2011, the company's undrawn capital commitments were $161.2 million.\nSee Note 19, “Commitments and Contingencies” for additional details.\n(5) Due to the uncertainty with respect to the timing of future cash flows associated with unrecognized tax benefits at December 31, 2011, the company is unable to make reasonably reliable estimates of the period of cash settlement with the respective taxing authorities.\nTherefore, $19.5 million of gross unrecognized tax benefits have been excluded from the contractual obligations table above.\nSee Item 8, Financial Statements and Supplementary Data, Note 16 - “Taxation” for a discussion on income taxes."}
{"_id": "d86a21c98", "title": "", "text": "| JPMorgan Chase & Co. JPMorgan Chase Bank, N.A.Chase Bank USA, N.A. J.P. Morgan Securities LLC | December 31, 2014 | Moody’s Investor Services | Standard & Poor’s | Fitch Ratings |"}
{"_id": "d86afc172", "title": "", "text": "| December 31, 2016 December 31, 2015 | AmortizedCost | (in millions) | Investments in Japanese government and government agency securities: | Fixed maturities, available-for-sale | Fixed maturities, held-to-maturity | Trading account assets supporting insurance liabilities | Other trading account assets | Total | December 31, 2016 | AmortizedCost | (in millions) | Investments in South Korean government and government agency securities: | Fixed maturities, available-for-sale | Fixed maturities, held-to-maturity | Trading account assets supporting insurance liabilities | Other trading account assets | Total |"}
{"_id": "d828fb160", "title": "", "text": "| Year ended December 31, 2016In millions except weighted- average data Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life Aggregate Intrinsic Value | Outstanding, January 1 | Exercised | Outstanding, December 31 | Vested and exercisable, December 31 |"}
{"_id": "d88292052", "title": "", "text": "| Expiration within | Total | Exelon | Generation | ComEd | PECO | BGE |"}
{"_id": "d8e83c47a", "title": "", "text": "Net cash used for investing activities was $651 million, primarily driven by $549 million for the acquisition of Kichler, net of cash acquired, and $219 million for capital expenditures, partially offset by $108 million of net proceeds from the disposition of short-term bank deposits.\nWe continue to invest in our manufacturing and distribution operations to increase our productivity, improve customer service and support new product innovation.\nCapital expenditures for 2018 were $219 million, compared with $173 millionfor 2017and $180 millionfor 2016.\nFor 2019, capital expenditures, excluding any potential acquisitions, are expected to be approximately $200 million.\nDepreciation and amortization expense for 2018 totaled $156 million, compared with $127 million for 2017 and $134 million for 2016.\nFor 2019, depreciation and amortization expense, excluding any potential 2019 acquisitions, is expected to be approximately $175 million.\nAmortization expense totaled $24 million in 2018, compared with $11 million and $10 million in 2017 and 2016, respectively.\nCosts of environmental responsibilities and compliance with existing environmental laws and regulations have not had, nor do we expect them to have, a material effect on our capital expenditures, financial position or results of operations.\nWe believe that our present cash balance and cash flows from operations, and our ability to utilize our Amended Credit Agreement are sufficient to fund our near-term working capital and other investment needs.\nWe believe that our longer-term working capital and other general corporate requirements will be satisfied through cash flows from operations and, to the extent necessary, from bank borrowings and future financial market activities.\nConsolidated Results of Operations We report our financial results in accordance with GAAP in the United States.\nHowever, we believe that certain non-GAAP performance measures and ratios, used in managing the business, may provide users of this financial information with additional meaningful comparisons between current results and results in prior periods.\nNon-GAAP performance measures and ratios should be viewed in addition to, and not as an alternative for, our reported results under GAAP.\nThe following discussion of consolidated results of operations compares each respective period to the same period of the immediately preceding year.\nSales and Operations Net sales for 2018 were $8.4 billion, which increased nine percent compared to 2017.\nExcluding acquisitions, divestitures and the effect of currency translation, net sales increased five percent.\nThe following table reconciles reported net sales to net sales excluding acquisitions, divestitures and the effect of currency translation, in millions:"}
{"_id": "d8e44778e", "title": "", "text": "NM Not meaningful 2009 vs.  2008 Revenues, net of interest expense increased 80% versus the prior year mainly driven by the $11.1 billion pretax gain on the sale ($6.7 billion after-tax) on the MSSB JV transaction in the second quarter of 2009 and a $320 million pretax gain on the sale of the managed futures business to the MSSB JV in the third quarter of 2009.\nExcluding these gains, revenue decreased primarily due to the absence of Smith Barney from May 2009 onwards and the absence of fourth-quarter revenue of Nikko Asset Management, partially offset by an improvement in marks in Retail Alternative Investments.\nRevenues in the prior year include a $347 million pretax gain on sale of CitiStreet and charges related to the settlement of auction rate securities of $393 million pretax.\nOperating expenses decreased 64% from the prior year, mainly driven by the absence of Smith Barney and Nikko Asset Management expenses, reengineering efforts and the absence of 2008 one-time expenses ($0.9 billion intangible impairment, $0.2 billion of restructuring and $0.5 billion of writedowns and other charges).\nProvisions for loan losses and for benefits and claims decreased 15% mainly reflecting a $50 million decrease in provision for benefits and claims, partially offset by increased reserve builds of $28 million.\nAssets decreased 40% versus the prior year, mostly driven by the sales of Nikko Cordial Securities and Nikko Asset Management ($25 billion) and the managed futures business ($1.4 billion), partially offset by increased Smith Barney assets of $4 billion.2008 vs.  2007 Revenues, net of interest expense decreased 21% from the prior year primarily due to lower transactional and investment revenues in Smith Barney, lower revenues in Nikko Asset Management and higher markdowns in Retail Alternative Investments.\nOperating expenses increased 16% versus the prior year, mainly driven by a $0.9 billion intangible impairment in Nikko Asset Management in the fourth quarter of 2008, $0.2 billion of restructuring charges and $0.5 billion of write-downs and other charges.\nProvisions for loan losses and for benefits and claims increased $65 million compared to the prior year, mainly due to a $52 million increase in provisions for benefits and claims.\nAssets increased 4% versus the prior year."}
{"_id": "d8d9f1898", "title": "", "text": "| Net realized/unrealized gains (losses) included in Transfers in and/or Purchases, issuances Unrealized gains | December 31, | In millions of dollars | Assets | Trading securities | Trading mortgage-backed securities | U.S. government-sponsored agency guaranteed | Prime | Alt-A | Subprime | Non-U.S. residential | Commercial | Total trading mortgage-backed securities | U.S. Treasury and federal agencies securities | U.S. Treasury | Agency obligations | Total U.S. Treasury and federal | agencies securities | State and municipal | Foreign government | Corporate | Equity securities | Other debt securities | Total trading securities | Derivatives, net-4 | Investments | Mortgage-backed securities | U.S. government-sponsored agency guaranteed | Prime | Alt-A | Subprime | Commercial | Total investment mortgage-backed | debt securities | U.S. Treasury and federal agencies securities | Total U.S. Treasury and federal | agencies securities |"}
{"_id": "d817f6360", "title": "", "text": "Financial Instruments Cash Equivalents and Marketable Securities All highly liquid investments with maturities of three months or less at the date of purchase are classified as cash equivalents.\nThe Companys marketable debt and equity securities have been classified and accounted for as available-for-sale.\nManagement determines the appropriate classification of its investments at the time of purchase and reevaluates the designations at each balance sheet date.\nThe Company classifies its marketable debt securities as either short-term or long-term based on each instruments underlying contractual maturity date.\nMarketable debt securities with maturities of 12 months or less are classified as short-term and marketable debt securities with maturities greater than 12 months are classified as long-term.\nThe Company classifies its marketable equity securities, including mutual funds, as either short-term or long-term based on the nature of each security and its availability for use in current operations.\nThe Companys marketable debt and equity securities are carried at fair value, with the unrealized gains and losses, net of taxes, reported as a component of shareholders equity.\nThe cost of securities sold is based upon the specific identification method.\nDerivative Financial Instruments The Company accounts for its derivative instruments as either assets or liabilities and carries them at fair value.\nFor derivative instruments that hedge the exposure to variability in expected future cash flows that are designated as cash flow hedges, the effective portion of the gain or loss on the derivative instrument is reported as a component of accumulated other comprehensive income (AOCI) in shareholders equity and reclassified into income in the same period or periods during which the hedged transaction affects earnings.\nThe ineffective portion of the gain or\nWe also record an inventory obsolescence reserve, which represents the difference between the cost of the inventory and its estimated realizable value, based on various product sales projections.\nThis reserve is calculated using an estimated obsolescence percentage applied to the inventory based on age, historical trends and requirements to support forecasted sales.\nIn addition, and as necessary, we may establish specific reserves for future known or anticipated events."}
{"_id": "d82590106", "title": "", "text": "| (Dollars in millions) Total Lessthan 1year 1-3years 3-5years After 5years | Long-term debt (including current portion) | Interest on debt-1 | Pension and other postretirement cash requirements | Capital lease obligations | Operating lease obligations | Purchase obligations not recorded on the Consolidated Statements of Financial Position | Purchase obligations recorded on the Consolidated Statements of Financial Position | Total contractual obligations-2 |"}
{"_id": "d861f4124", "title": "", "text": "Accounts Receivable Trade Receivables The Company has considerable trade receivables outstanding with its third-party cellular network carriers, wholesalers, retailers, value-added resellers, small and mid-sized businesses and education, enterprise and government customers.\nThe Company generally does not require collateral from its customers; however, the Company will require collateral in certain instances to limit credit risk.\nIn addition, when possible, the Company attempts to limit credit risk on trade receivables with credit insurance for certain customers or by requiring third-party financing, loans or leases to support credit exposure.\nThese credit-financing arrangements are directly between the third-party financing company and the end customer.\nAs such, the Company generally does not assume any recourse or credit risk sharing related to any of these arrangements.\nAs of September 26, 2015, the Company had one customer that represented 10% or more of total trade receivables, which accounted for 12%.\nAs of September 27, 2014, the Company had two customers that represented 10% or more of total trade receivables, one of which accounted for 16% and the other 13%.\nThe Companys cellular network carriers accounted for 71% and 72% of trade receivables as of September 26, 2015 and September 27, 2014, respectively."}
{"_id": "d8c37cc0c", "title": "", "text": "| 2006 2005 2004 | (In millions) | Incremental tax benefit from the exercise of stock options | Change in liability associated with acquisition of business | Capital lease obligations incurred | Accrued dividend equivalents | Interest rate swap derivative mark to market |"}
{"_id": "d89151bc4", "title": "", "text": "| (In Millions) Unrealized Holding Gains (Losses) on Available-for-Sale Equity Investments Unrealized Holding Gains (Losses) on Derivatives Actuarial Valuation and Other Pension Expenses Translation Adjustments and Other Total | December 31, 2016 | Other comprehensive income (loss) before reclassifications | Amounts reclassified out of accumulated other comprehensive income (loss) | Tax effects | Other comprehensive income (loss) | December 30, 2017 | Impact of change in accounting standards | Opening balance as of December 31, 2017 | Other comprehensive income (loss) before reclassifications | Amounts reclassified out of accumulated other comprehensive income (loss) | Tax effects | Other comprehensive income (loss) | December 29, 2018 |"}
{"_id": "d8816fe7c", "title": "", "text": "| Year Ended December 31, | 2010 | (millions) | Realized Mark-to-Market (Gain) Loss | Unrealized Mark-to-Market (Gain) Loss | Total (Gain) Loss on Commodity Derivative Instruments |"}
{"_id": "d872b9da6", "title": "", "text": "| 2016 2017 and2018 2019 and2020 Thereafter Total | Mortgage notes payable | Unsecured debt | Lines of credit | Interest on indebtedness-1 | Ground leases | Operating leases | Development commitments (including co-investments)(2) | $801,286 |"}
{"_id": "d8c8b5bb0", "title": "", "text": "Interest Rate Swaps In order to minimize financing costs and to manage interest rate exposure, from time to time, we enter into interest rate swap agreements.\nIn December 2005, we entered into forward swap agreements to hedge interest rate exposure related to $500 million of term financing to be executed during 2006.\nIn February 2006, we terminated a forward swap agreement hedging the anticipated execution of $250 million of term financing because the transaction was no longer expected to occur by the originally specified time period or within an additional two-month period of time thereafter.\nWe recorded a gain of $1.0 million in the first quarter of 2006 as a result of the discontinuance of this cash flow hedge.\nIn August 2006, a forward swap agreement hedging the anticipated issuance of $250 million of 10-year notes matured resulting in cash receipts of $3.7 million.\nThe $3.7 million gain on the swap will be amortized as a reduction to interest expense over the term of the $250 million of 5.45% Notes due September 1, 2016.\nIn October 2003, we entered into swap agreements effectively converting interest payments on long-term debt from fixed to variable rates.\nWe converted interest payments on $200 million of 6.7% Notes due in October 2005 and $150 million of 6.95% Notes due in March 2007 from their respective fixed rates to variable rates based on the London Interbank Offered Rate, LIBOR.\nIn March 2004, we terminated these agreements, resulting in cash receipts totaling $5.2 million, with a corresponding increase to the carrying value of the long-term debt.\nWe amortized this increase over the terms of the respective long-term debt as a reduction to interest expense.\nAs of December 31, 2007, and 2006 we were not a party to any interest rate swap agreements.\nForeign Exchange Forward Contracts We enter into foreign exchange forward contracts to hedge transactions denominated in foreign currencies.\nThese transactions are primarily purchase commitments or forecasted purchases of equipment, raw materials and finished goods.\nWe also may hedge payment of forecasted intercompany transactions with our subsidiaries outside the United States.\nThese contracts reduce currency risk from exchange rate movements.\nWe generally hedge foreign currency price risks for periods from 3 to 24 months.\nForeign exchange forward contracts are effective as hedges of identifiable, foreign currency commitments.\nWe designate our foreign exchange forward contracts as cash flow hedging derivatives.\nThe fair value of these contracts is classified as either an asset or liability on the Consolidated Balance Sheets.\nWe record gains and losses on these contracts as a component of other comprehensive income and reclassify them into earnings in the same period during which the hedged transaction affects earnings."}
{"_id": "d8a2b4272", "title": "", "text": "| 2016 2015 | Quarter | First | Second | Third | Fourth (Separation occurred on November 1, 2016) | Year | Year Ended December 31, | 2007 | Reconstructive | Knees | Hips | Extremities | Dental | Total | Trauma | Spine | OSP and Other | Total | Year ended December 31, 2006 gross margin | Foreign exchange impact, net | Other | Year ended December 31, 2007 gross margin |"}
{"_id": "d8b75929a", "title": "", "text": "| 2016 2015 2014 | Additions to plant and equipment | Acquisitions, less cash acquired | Investments in and advances to unconsolidated affiliates | Capital Expenditures on a GAAP Basis | Capital lease expenditures(A) | Purchase of noncontrolling interests in a subsidiary(A) | Capital Expenditures on a Non-GAAP Basis |"}
{"_id": "d8a27a798", "title": "", "text": "| Mix of Base Fees Mix of Average AUM by Asset Class-1 | 2016 | Equity: | Active | iShares | Non-ETF index | Equity subtotal | Fixed income: | Active | iShares | Non-ETF index | Fixed income subtotal | Multi-asset | Alternatives: | Core | Currency and commodities | Alternatives subtotal | Long-term | Cash management | Total excluding Advisory AUM |"}
{"_id": "d8f4c3c52", "title": "", "text": "Notes to consolidated financial statements 214 JPMorgan Chase & Co. /2015 Annual Report The following table presents, as of December 31, 2015 and 2014, the gross and net derivative payables by contract and settlement type.\nDerivative payables have been netted on the Consolidated balance sheets against derivative receivables and cash collateral receivables from the same counterparty with respect to derivative contracts for which the Firm has obtained an appropriate legal opinion with respect to the master netting agreement.\nWhere such a legal opinion has not been either sought or obtained, the payables are not eligible under U. S.  GAAP for netting on the Consolidated balance sheets, and are shown separately in the table below."}
{"_id": "d8eabdf96", "title": "", "text": "| Years Ended December 31, | (Millions, except percentages) | Charge card | Card Member loans | Other | Total provisions for losses(a) |"}
{"_id": "d8a626ebe", "title": "", "text": "| 2007 2006 | Derivative Instruments Valuation — Assets | (Thousands of Dollars) | Long-term purchased power agreements | Electric and natural gas trading and hedging instruments | Interest rate hedging instruments | Total |"}
{"_id": "d8c926298", "title": "", "text": "| March 30, 2019 March 31, 2018 | GrossCarryingAmount | Intangible Assets: | Developed technology | Customer relationships | Trade names | Technology licenses | Non-compete agreement | IPRD | Total | Fiscal Year | 2020 | 2021 | 2022 | 2023 | 2024 | March 30, 2019 | 6.75% Senior Notes due 2023 | 7.00% Senior Notes due 2025 | 5.50% Senior Notes due 2026 | Less unamortized issuance costs | Total long-term debt | Approximate Number of Vehicles | Residential | Small-container | Large-container | Total |"}
{"_id": "d875f1e06", "title": "", "text": "Diagnostics product sales increased 63% in fiscal 2013 compared to fiscal 2012 primarily due to the inclusion of Gen-Probes product sales (acquired in the fourth quarter of fiscal 2012), which contributed $483.1 million of additional revenue in fiscal 2013, partially offset by lower ThinPrep revenues of $28.5 million and fiscal 2013 had one less week than fiscal 2012, which was a 53-week fiscal period.\nThe decline in ThinPrep revenue was primarily due to lower domestic volumes and, to a lesser extent, lower average selling prices internationally.\nWe attribute the domestic volume decline to an increase in testing intervals as a result of recent screening recommendations from governmental agencies and professional organizations.\nWe also experienced lower average selling prices in China, at least in part, due to restructuring the sales channel as we move toward using a combination of dealers and our direct sales force to gain broader market coverage compared to principally a direct sales strategy in fiscal 2012.\nHowever, international ThinPrep unit volumes were higher in fiscal 2013 as compared to fiscal 2012.\nWe also experienced a decrease in our Rapid Fetal Fibornecton test revenue of $5.8 million compared to the prior year primarily due to lower domestic volumes.\nPartially offsetting these decreases was an increase in revenues of $5.6 million primarily from our sale of Cervista HPV products primarily in the United States, as we continue to gain new customer accounts and increase unit sales to existing customers.\nThe inclusion of Gen-Probes results is partially impacted by the Novartis collaboration.\nPursuant to the collaboration, a portion of Gen-Probes revenue is contingent on donations testing revenue earned by Novartis.\nAs a result, amounts to be received for this contingent revenue related to inventory on hand and not yet utilized by Novartis customers as of the date of our acquisition of Gen-Probe were recorded as unbilled accounts receivable on the balance sheet in purchase accounting and were not recorded as revenue in our results of operations.\nIn fiscal 2013 and fiscal 2012 this contingent revenue of $23.5 million and $11.6 million, respectively, was not recognized in our results of operations.\nWe expect to experience modest price erosion in our molecular diagnostics products in fiscal 2014.\nBreast Health product sales increased 1% in fiscal 2013 compared to fiscal 2012.\nOur digital mammography systems revenue increased $23.0 million in fiscal 2013 compared to fiscal 2012 primarily due to the increase in our 3D Dimensions systems revenue of $52.5 million in fiscal 2013 compared to fiscal 2012 as we sold more 3D Dimensions units with higher average selling prices in the United States, partially offset by slightly lower average selling prices internationally.\nPartially offsetting the increase in 3D Dimensions sales in fiscal 2013, we had lower unit sales and, to a lesser extent, lower average selling prices of our 2D Dimensions systems and Selenia systems on a worldwide basis.\nWe also experienced a decline in sales of related components and workstation products of $7.0 million in fiscal 2013 compared to the prior year primarily because customers that upgrade to 3D Dimensions do not always require new versions of these related products.\nOur breast biopsy products revenue increased $7.8 million in fiscal 2013 compared to fiscal 2012 primarily due to an increase in the number of Eviva biopsy devices sold in the United States and, to a lesser extent, internationally, and an increase in the number of Celero devices sold in the United States.\nPartially offsetting these increases was a decline in the unit sales and average selling price of our ATEC devices, which we attribute to the introduction and increased sales of our Eviva biopsy devices.\nAdditionally, in fiscal 2013, we experienced an $8.0 million"}
{"_id": "d86cd28ac", "title": "", "text": "AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (3) Consists of customer-related intangibles of approximately $15.5 million and network location intangibles of approximately $19.8 million.\nThe customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years.\n(4) The Company expects that the goodwill recorded will be deductible for tax purposes.\nThe goodwill was allocated to the Company’s international rental and management segment.\nUganda Acquisition—On December 8, 2011, the Company entered into a definitive agreement with MTN Group to establish a joint venture in Uganda.\nThe joint venture is controlled by a holding company of which a wholly owned subsidiary of the Company (the “ATC Uganda Subsidiary”) holds a 51% interest and a wholly owned subsidiary of MTN Group (the “MTN Uganda Subsidiary”) holds a 49% interest.\nThe joint venture is managed and controlled by the Company and owns a tower operations company in Uganda.\nPursuant to the agreement, the joint venture agreed to purchase a total of up to 1,000 existing communications sites from MTN Group’s operating subsidiary in Uganda, subject to customary closing conditions.\nOn June 29, 2012, the joint venture acquired 962 communications sites for an aggregate purchase price of $171.5 million, subject to post-closing adjustments.\nThe aggregate purchase price was subsequently increased to $173.2 million, subject to future post-closing adjustments.\nUnder the terms of the purchase agreement, legal title to certain of these communications sites will be transferred upon fulfillment of certain conditions by MTN Group.\nPrior to the fulfillment of these conditions, the Company will operate and maintain control of these communications sites, and accordingly, reflect these sites in the allocation of purchase price and the consolidated operating results."}
{"_id": "d826151da", "title": "", "text": "| Year Ended December 31 2010 2011 2012 | Company-sponsored R&D, including product developmentcosts | Bid and proposal costs | Total company-sponsored R&D | Customer-sponsored R&D | Total R&D |"}
{"_id": "d8861efb8", "title": "", "text": "| Amount (In Millions) | 2015 net revenue | Retail electric price | Louisiana business combination customer credits | Volume/weather | Louisiana Act 55 financing savings obligation | Other | 2016 net revenue |"}
{"_id": "d8c854694", "title": "", "text": "progress during 2003 and 2004 in improving liquidity and financial flexibility.\nReduction in international capital commitments due to completion of major capital-intensive projects has increased flexibility and liquidity in 2004.\nWith these projects completed or nearing completion, international capital commitments have declined while, at the same time, they have begun to contribute to the Companys financial and operating results.\nA new $400 million credit facility will also provide increased liquidity in 2005.\nThe Company achieved a reduction in its ratio of debt-to-book capital (defined as the Companys total debt divided by the sum of total debt plus equity) to 38 percent at December 31, 2004, compared to 46 percent at December 31, 2003.\nThe Company reduced outstanding debt by $48.7 million during 2004.\nThe Companys current ratio (current assets divided by current liabilities) was 1.10:1 at December 31, 2004, compared with .73:1 at December 31, 2003.\nThe improvement in the current ratio in 2004, as compared to 2003, resulted primarily from a $117.4 million increase in the year-end balance of cash and cash equivalents, and a $153.7 million decrease in current installments of long-term debt.\nIn addition, the year-end balance of accounts receivabletrade increased by $103.5 million due primarily to increases of $59.2 million for gas sales at NEMI, $17.6 million for joint operations receivables, $13.0 million for crude oil and natural gas accruals in the U. S.  and U. K.  and $8.3 million for electricity sales in Ecuador.\nCash Flows Operating Activities  The Company reported a $105.4 million year-over-year increase in cash flows from operating activities.\nNet cash provided by operating activities totaled $708.2 million for the year ended December 31, 2004, compared to $602.8 million in 2003 and $507.0 million in 2002.\nThe increases for 2004 and 2003 were driven by overall production increases, higher realized commodity prices and higher distributions from the Companys unconsolidated methanol subsidiary.\nInvesting Activities  Net cash used in investing activities totaled $588.1 million, $444.8 million and $577.5 million for the years ending December 31, 2004, 2003 and 2002, respectively.\nThe Companys investing activities relate primarily to expenditures made for the exploration and development of oil and gas properties.\nExpenditures were offset by the receipt of $62.5 million, $81.1 million and $20.4 million from sales of assets during 2004, 2003 and 2002, respectively.\nFinancing Activities  Net cash provided by/(used in) financing activities totaled ($2.7) million, ($111.0) million and $12.8 million for the years ending December 31, 2004, 2003 and 2002, respectively.\nFinancing activities consist primarily of proceeds from and repayments of bank or other long-term debt, repayment of notes payable, the payment of cash dividends and proceeds from the exercise of stock options.\nDuring 2004, the Company had a net $48.7 million reduction in outstanding debt.\nIn addition, the Company received $62.6 million from the exercise of stock options."}
{"_id": "d89e544ca", "title": "", "text": "| (in millions, except ratios) 2006 2005 2004 | Domestic General(c)(d): | Loss ratio | Expense ratio | Combined ratio | Foreign General(c)(d): | Loss ratio(a) | Expense ratio(e)(f) | Combined ratio | Consolidated(c)(d): | Loss ratio | Expense ratio | Combined ratio |"}
{"_id": "d81635a3a", "title": "", "text": "We use our cash flows to fund our operations and investments in our business, including tower maintenance and improvements, tower construction and DAS network installations, and tower and land acquisitions.\nDuring the years ended December 31, 2008 and 2007, we also used a significant amount of our cash flows to fund refinancing and repurchases of our outstanding indebtedness, as well as our stock repurchase programs.\nBy refinancing and repurchasing a portion of our outstanding indebtedness, we improved our financial position, which increased our financial flexibility and our ability to return value to our stockholders.\nOur significant transactions in 2008 included the following: ?\nWe entered into a new $325.0 million Term Loan pursuant to our Revolving Credit Facility and used the net proceeds, together with available cash, to repay $325.0 million of existing indebtedness under the Revolving Credit Facility.  ?\nWe reduced the amount of indebtedness outstanding under our convertible notes through conversions of approximately $201.1 million face amount of convertible notes into shares of our Common Stock."}
{"_id": "d8dcca04c", "title": "", "text": "| Shares Weighted-Average  Exercise Price Weighted-Average  Remaining  Contractual Term Aggregate  Intrinsic Value | Outstanding, beginning of the year | Granted | Exercised | Forfeited or expired | Outstanding, end of the year | Exercisable, end of the year | Exercisable and expected to vest |"}
{"_id": "d86d5f126", "title": "", "text": "| 2001 % of Revenue 2000 % of Revenue % change | North America | South America | Caribbean* | Europe/Africa | Asia |"}
{"_id": "d82441980", "title": "", "text": "Income Tax Liabilities Noncurrent deferred income tax liabilities as of 30 September 2015 were $903.3.\nTax liabilities related to unrecognized tax benefits as of 30 September 2015 were $97.5.\nThese tax liabilities were excluded from the Contractual Obligations table, as it is impractical to determine a cash impact by year given that payments will vary according to changes in tax laws, tax rates, and our operating results.\nIn addition, there are uncertainties in timing of the effective settlement of our uncertain tax positions with respective taxing authorities.\nRefer to Note 23, Income Taxes, to the consolidated financial statements for additional information."}
{"_id": "d86f2b0d6", "title": "", "text": "(1) Prior period amounts are presented on a basis consistent with the current period presentation, reflecting the adoption of ASU 2015-03"}
{"_id": "d8617c796", "title": "", "text": "| 2010 $55,178 | 2011 | 2012 | 2013 | 2014 | Thereafter | Future Minimum Lease Payments |"}
{"_id": "d8e06a15c", "title": "", "text": "| December 31, | (in millions) | Commercial | Commercial real estate | Leases | Total commercial loans and leases | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Education | Total retail loans | Total non-core loans | Other assets | Total non-core assets |"}
{"_id": "d8de399d2", "title": "", "text": "| 2015 2014 Change | First quarter | Second quarter | Third quarter | Fourth quarter | Total year |"}
{"_id": "d8b16dbd8", "title": "", "text": "| Rating equivalent 2012 2011 | December 31,(in millions, except ratios) | AAA/Aaa to AA-/Aa3 | A+/A1 to A-/A3 | BBB+/Baa1 to BBB-/Baa3 | BB+/Ba1 to B-/B3 | CCC+/Caa1 and below | Total |"}
{"_id": "d88fd8e64", "title": "", "text": "| 2017 | Capital adequacy (Basel III) | Total risk-weighted assets | Tier 1 leverage ratio | Tier 1 risk-based capital ratio | Total risk-based capital ratio | Tier 1 common risk-based capital ratio | Tangible common equity / tangible asset ratio -7(9) | Tangible equity / tangible asset ratio -8(9) | Tangible common equity / risk-weighted assets ratio -9 |"}
{"_id": "d8785f094", "title": "", "text": "| In millions 2007 2006 2005 | Sales | Operating Profit |"}
{"_id": "d867cd2e4", "title": "", "text": "| Schedule of Loss Reserve Development | Year Ended December 31 | (In millions of dollars) | Originally reported grossreserves for unpaid claim | and claim adjustment | expenses | Originally reported ceded | recoverable | Originally reported net reserves | for unpaid claim and claim | adjustment expenses | Cumulative net paid as of: | One year later | Two years later | Three years later | Four years later | Five years later | Six years later | Seven years later | Eight years later | Nine years later | Ten years later | Net reserves re-estimated as of: | End of initial year | One year later | Two years later | Three years later | Four years later | Five years later | Six years later | Seven years later | Eight years later | Nine years later | Ten years later | Total net (deficiency) | redundancy | Reconciliation to gross | re-estimated reserves: | Net reserves re-estimated | Re-estimated ceded | recoverable | Total gross re-estimated | reserves | Net (deficiency) redundancy | related to: | Asbestos claims | Environmental claims | Total asbestos and environmental | Other claims | Total net (deficiency) | redundancy |"}
{"_id": "d889b20d0", "title": "", "text": "llar, ongoing concerns about supplies of crude oil, and geopolitical risk.\nLater in 2008, crude oil prices sharply declined as the U. S.  dollar rebounded and global demand decreased as a result of economic recession.\nThe price decrease continued into 2009, but reversed after dropping below $33.98 in February, ending the year at $79.36.\nOur domestic crude oil production is about 62 percent sour, which means that it contains more sulfur than light sweet WTI does.\nSour crude oil also tends to be heavier than light sweet crude oil and sells at a discount to light sweet crude oil because of higher refining costs and lower refined product values.\nOur international crude oil production is relatively sweet and is generally sold in relation to the Dated Brent crude benchmark.\nThe differential between WTI and Dated Brent average prices narrowed to $0.42 in 2009 compared to $2.49 in 2008 and $0.02 in 2007."}
{"_id": "d87fc1c06", "title": "", "text": "| Percent Change | 2011 vs. 2010 | Year Ended December 31, | Worldwide | Eurasia & Africa | Europe | Latin America | North America | Pacific | Bottling Investments |"}
{"_id": "d81dfb3aa", "title": "", "text": "| (Dollars in millions) Fiscal2014 Fiscal2013 Fiscal2012 2014-2013% Change 2013-2012% Change | Product revenue | Service and other revenue | Total segment revenue | % of total revenue | Segment operating income | % of related revenue |"}
{"_id": "d8bef684a", "title": "", "text": "| Rating Agency Rating Outlook | Fitch | Moody's | Standard & Poor's |"}
{"_id": "d876c85c8", "title": "", "text": "| 2007 2006 2005 | Common stock | Class B preferred stock 10% | Class C preferred stock 10% | Class E preferred stock 87/8% |"}
{"_id": "d8cda67a0", "title": "", "text": "Investment Margins and Other Profitability Factors Many of our insurance products sold in international markets provide for the buildup of cash values for the policyholder at mandated guaranteed interest rates.\nAuthorities in some jurisdictions regulate interest rates guaranteed in our insurance contracts.\nThe regulated guaranteed interest rates do not necessarily match the actual returns on the underlying investments.\nThe spread between the actual investment returns and these guaranteed rates of return to the policyholder is an element of the profit or loss that we will experience on these products.\nWith regulatory approval, guaranteed rates may be changed on new business.\nWhile these actions enhance our ability to set rates commensurate with available investment returns, the major sources of profitability on our products sold in Japan, other than those sold by Gibraltar Life, are margins on mortality, morbidity and expense charges rather than investment spreads.\nWe base premiums and cash values in most countries in which we operate on mandated mortality and morbidity tables.\nOur mortality and morbidity experience in the International Insurance segment on an overall basis in the years ended December 31, 2010, 2009 and 2008 was well within our pricing assumptions and below the guaranteed levels reflected in the premiums we charge.\nInternational Investments Operating Results The following table sets forth the International Investments segments operating results for the periods indicated."}
{"_id": "d8f01654c", "title": "", "text": "| Average Balances | Change from 2010 | Fully-taxable equivalent basis-1 | (dollar amounts in millions) | Interest-bearing deposits in banks | Trading account securities | Federal funds sold and securities purchased under resale agreement | Loans held for sale | Available-for-sale and other securities: | Taxable | Tax-exempt | Total available-for-sale and other securities | Held-to-maturity securities — taxable | Loans and leases: -3 | Commercial: | Commercial and industrial | Commercial real estate: | Construction | Commercial | Commercial real estate | Total commercial | Consumer: | Automobile loans and leases | Home equity | Residential mortgage | Other consumer | Total consumer | Total loans and leases | Allowance for loan and lease losses | Net loans and leases | Total earning assets | Cash and due from banks | Intangible assets | All other assets | Total Assets | Deposits: | Demand deposits — noninterest-bearing | Demand deposits — interest-bearing | Money market deposits | Savings and other domestic deposits | Core certificates of deposit | Total core deposits | Other domestic time deposits of $250,000 or more | Brokered time deposits and negotiable CDs | Deposits in foreign offices | Total deposits | Short-term borrowings | Federal Home Loan Bank advances | Subordinated notes and other long-term debt | Total interest-bearing liabilities | All other liabilities | Shareholders’ equity | Total Liabilities and Shareholders’ Equity |"}
{"_id": "d87a98586", "title": "", "text": "| Severance and Other Benefits Asset Actions Contract Actions/ Other Total | 2013 Charge | Amount reflected in pension liability | Noncash expenses | Cash expenditures | Currency translation adjustment | Accrued balance |"}
{"_id": "d8c4fa6d8", "title": "", "text": "Table of Contents Hologic, Inc.  Notes to Consolidated Financial Statements (continued) (In thousands, except per share data) location during fiscal 2009.\nThe Company was responsible for a significant portion of the construction costs and therefore was deemed, for accounting purposes, to be the owner of the building during the construction period, in accordance with ASC 840, Leases, Subsection 40-15-5.\nDuring the year ended September 27, 2008, the Company recorded an additional $4,400 in fair market value of the building, which was completed in fiscal 2008.\nThis is in addition to the $3,000 fair market value of the land and the $7,700 fair market value related to the building constructed that Cytyc had recorded as of October 22, 2007.\nThe Company has recorded such fair market value within property and equipment on its Consolidated Balance Sheets.\nAt September 26, 2009, the Company has recorded $1,508 in accrued expenses and $16,329 in other long-term liabilities related to this obligation in the Consolidated Balance Sheet.\nThe term of the lease is for a period of approximately ten years with the option to extend for two consecutive five-year terms.\nThe lease term commenced in May 2008, at which time the Company began transferring the Company’s Costa Rican operations to this facility.\nIt is expected that this process will be complete by February 2009.\nAt the completion of the construction period, the Company reviewed the lease for potential sale-leaseback treatment in accordance with ASC 840, Subsection 40, Sale-Leaseback Transactions (formerly SFAS No.98 (“SFAS 98”), Accounting for Leases: Sale-Leaseback Transactions Involving Real Estate, Sales-Type Leases of Real Estate, Definition of the Lease Term, and Initial Direct Costs of Direct Financing Leases—an amendment of Financial Accounting Standards Board (“FASB”) Statements No.13, 66, and 91 and a rescission of FASB Statement No.26 and Technical Bulletin No.79-11).\nBased on its analysis, the Company determined that the lease did not qualify for sale-leaseback treatment.\nTherefore, the building, leasehold improvements and associated liabilities will remain on the Company’s financial statements throughout the lease term, and the building and leasehold improvements will be depreciated on a straight line basis over their estimated useful lives of 35 years.\nFuture minimum lease payments, including principal and interest, under this lease were as follows at September 26, 2009:"}
{"_id": "d871ce39c", "title": "", "text": "Litigation expense.\nIn the second quarter of fiscal 2016, we accrued a litigation expense of $8.9 million, which included a patent-related jury verdict for $6.4 million and $2.5 million in legal fees and other costs associated with the litigation.\nThe accrual was adjusted by immaterial amounts in the third and fourth quarters of fiscal 2016 and the second and third quarters of fiscal year 2017 to better reflect our total expected litigation expense.\nSee Note 7 - Commitments and Contingencies of the Notes to Financial Statements (Part II, Item 8 of this Form 10-K) for additional information regarding this litigation."}
{"_id": "d8d845db4", "title": "", "text": "| Net Salesfor the Year EndedSeptember 30, Segment EBITAfor the Year EndedSeptember 30, | (in millions) | Building Solutions North America | Building Solutions EMEA/LA | Building Solutions Asia Pacific | Global Products | $22,835 |"}
{"_id": "d8bd67678", "title": "", "text": "(a) Includes the impact of RBC Bank (USA), which we acquired on March 2, 2012.\n(b) Includes the impact of National City, which we acquired on December 31, 2008.\n(c) Amount for 2009 includes recognition of a $1.1 billion pretax gain on our portion of the increase in BlackRocks equity resulting from the value of BlackRock shares issued in connection with BlackRocks acquisition of Barclays Global Investors (BGI) on December 1, 2009.\n(d) Amount for 2008 includes the $504 million conforming provision for credit losses related to our National City acquisition.\n(e) Includes results of operations for PNC Global Investment Servicing Inc.  (GIS) through June 30, 2010 and the related after-tax gain on sale.\nWe sold GIS effective July 1, 2010, resulting in a gain of $639 million, or $328 million after taxes, recognized during the third quarter of 2010.\nSee Sale of PNC Global Investment Servicing in the Executive Summary section of Item 7 and Note 2 Acquisition and Divestiture Activity in the Notes To Consolidated Financial Statements included in Item 8 of this Report for additional information.\n(f) We redeemed the Series N (TARP) Preferred Stock on February 10, 2010.\nIn connection with the redemption, we accelerated the accretion of the remaining issuance discount on the Series N Preferred Stock and recorded a corresponding reduction in retained earnings of $250 million in the first quarter of 2010.\nThis resulted in a noncash reduction in net income attributable to common shareholders and related basic and diluted earnings per share.\nThe Series N Preferred Stock was issued on December 31, 2008.\nCertain prior period amounts have been reclassified to conform with the current period presentation, which we believe is more meaningful to readers of our consolidated financial statements.\nFor information regarding certain business, regulatory and legal risks, see Item 1A Risk Factors, the Risk Management section of Item 7 of this Report, and Note 23 Legal Proceedings and Note 24 Commitments and Guarantees in the Notes To Consolidated Financial Statements included in Item 8 of this Report for additional information.\nAlso, see the Cautionary Statement Regarding Forward-Looking Information and Critical Accounting Estimates And Judgments sections included in Item 7 of this Report for certain other factors that could cause actual results or future events to differ, perhaps materially, from historical performance and from those anticipated in the forward-looking statements included in this Report.\nSee also"}
{"_id": "d881553c4", "title": "", "text": "| 2013 % Change 2012 % Change 2011 | Boys | Games | Girls | Preschool | Net Revenues |"}
{"_id": "d8dd01218", "title": "", "text": "| (In millions) 2004 2003 2002 | Sales and transfers of oil and gas produced, net of production, transportation, and administrative costs | Net changes in prices and production, transportation and administrative costs related to future production | Extensions, discoveries and improved recovery, less related costs | Development costs incurred during the period | Changes in estimated future development costs | Revisions of previous quantity estimates | Net changes in purchases and sales of minerals in place | Net change in exchanges of minerals in place | Accretion of discount | Net change in income taxes | Timing and other | Net change for the year | Beginning of year | End of year | Net change for the year from discontinued operations |"}
{"_id": "d8b505156", "title": "", "text": "| Available for Sale Held to Maturity | (in millions) | Due in one year or less | Due after one year through five years | Due after five years through ten years | Due after ten years | Mortgage-backed, asset-backed and collateralized | Total available for sale |"}
{"_id": "d88fb4cc6", "title": "", "text": "| Years Ended December 31, | 2010 | (In millions) | Estimated fair value at January 1, | Acquisition of MSRs | Origination of MSRs | Reductions due to loan payments | Reductions due to loan sales | Changes in estimated fair value due to: | Changes in valuation model inputs or assumptions | Estimated fair value at December 31, |"}
{"_id": "d8670e790", "title": "", "text": "| Current assets $22.7 | Property and equipment, net | Goodwill | Developed technology | IPR&D | Other assets | Current liabilities assumed | Deferred income taxes | Total purchase price | Less: cash acquired | Total purchase price, net of cash acquired |"}
{"_id": "d8c07e438", "title": "", "text": "| 2018 2019 2020 2021 2022 Thereafter Total | Property mortgages and other loans | MRA facilities | Revolving credit facility | Unsecured term loans | Senior unsecured notes | Trust preferred securities | Capital lease | Ground leases | Estimated interest expense | Joint venture debt | Total |"}
{"_id": "d8e170038", "title": "", "text": "| (Dollars in billions) 2012 2011 2010 | Distribution Solutions | Technology Solutions | Total |"}
{"_id": "d8ba20e88", "title": "", "text": "Comparison 2008 to 2007"}
{"_id": "d8989918e", "title": "", "text": "| Total-1 | Balance, December 31, 2017 | Other comprehensive loss before reclassifications | Amounts reclassified from accumulated other comprehensive loss | Transfer of held-to-maturity securities to available-for-sale securities-2 | Net change | Cumulative effect of hedge accounting adoption | Reclassification of tax effects due to federal tax reform | Balance, December 31, 2018-3 |"}
{"_id": "d890abf1c", "title": "", "text": "| Year Ended December 31, 2008 | Fixed Maturities Available For Sale | (in millions) | Fair Value, beginning of period | Total gains or (losses) (realized/unrealized): | Included in earnings: | Realized investment gains (losses), net | Asset management fees and other income | Included in other comprehensive income (loss) | Net investment income | Purchases, sales, issuances and settlements | Foreign currency translation | Other-1 | Transfers into (out of) Level 3(2) | Fair Value, end of period | Unrealized gains (losses) for the period relating to those Level 3 assets that were still held at the end of theperiod(3) | Included in earnings: | Realized investment gains (losses), net | Asset management fees and other income | Included in other comprehensive income (loss) |"}
{"_id": "d87e2e560", "title": "", "text": "Investment Banking Client teams and product specialists underwrite and distribute debt, equity and loan products, and provide advisory services and tailored risk management solutions.\nThe economics of most investment banking and underwriting activities are shared primarily between Global Banking and Global Markets based on the activities performed by each segment.\nTo provide a complete discussion of our consolidated investment banking fees, the table below presents total Corporation investment banking fees including the portion attributable to Global Banking."}
{"_id": "d8a4e6522", "title": "", "text": "| RevPAR Occupancy Average Daily Rate | 2016 | JW Marriott | The Ritz-Carlton | W Hotels | Composite North American Luxury-1 | Marriott Hotels | Sheraton | Westin | Composite North American Upper Upscale-2 | Composite North American Full-Service-3 | Courtyard | Residence Inn | Composite North American Limited-Service-4 | Composite North American - All | RevPAR | 2016 | JW Marriott | The Ritz-Carlton | W Hotels | Composite North American Luxury-1 | Marriott Hotels | Sheraton | Westin | Composite North American Upper Upscale-2 | Composite North American Full-Service-3 | Courtyard | Residence Inn | Fairfield Inn & Suites | Composite North American Limited-Service-4 | Composite North American - All |"}
{"_id": "d8b5c29d6", "title": "", "text": "Liquidity Risk and Capital Management Liquidity Risk Liquidity is the ongoing ability to accommodate liability maturities and deposit withdrawals, fund asset growth and business operations, and meet contractual obligations through unconstrained access to funding at reasonable market rates.\nLiquidity management involves forecasting funding requirements and maintaining sufficient capacity to meet the needs and accommodate fluctuations in asset and liability levels due to changes in our business operations or unanticipated events.\nSources of liquidity include deposits and other customer-based funding, and wholesale market-based funding.\nWe manage liquidity at two levels.\nThe first is the liquidity of the parent company, which is the holding company that owns the banking and nonbanking subsidiaries.\nThe second is the liquidity of the banking subsidiaries.\nThe management of liquidity at both levels is essential because the parent company and banking subsidiaries each have different funding needs and sources, and each are subject to certain regulatory guidelines and requirements.\nThrough ALCO, the Finance Committee is responsible for establishing our liquidity policy as well as approving operating and contingency procedures, and monitoring liquidity on an ongoing basis.\nCorporate Treasury is responsible for planning and executing our funding activities and strategy.\nIn order to ensure adequate liquidity through the full range of potential operating environments and market conditions, we conduct our liquidity management and business activities in a manner that will preserve and enhance funding stability, flexibility, and diversity.\nKey components of this operating strategy include a strong focus on customer-based funding, maintaining direct relationships with wholesale market funding providers, and maintaining the ability to liquefy certain assets when, and if, requirements warrant.\nWe develop and maintain contingency funding plans for both the parent company and bank liquidity positions.\nThese plans evaluate our liquidity position under various operating circumstances and allow us to ensure that we would be able to operate through a period of stress when access to normal sources of funding is constrained.\nThe plans project funding requirements during a potential period of stress, specify and quan tify sources of liquidity, outline actions and procedures for effectively managing through the problem period, and define roles and responsibilities.\nThey are reviewed and approved annually by ALCO.\nOur borrowing costs and ability to raise funds are directly impacted by our credit ratings.\nThe credit ratings of Bank of America Corporation and Bank of America, N. A.  are reflected in the table below.\nUnder normal business conditions, primary sources of funding for the parent company include dividends received from its banking and nonbanking subsidiaries, and proceeds from the issuance of senior and subordinated debt, as well as commercial paper and equity.\nPrimary uses of funds for the parent company include repayment of maturing debt and commercial paper, share repurchases, dividends paid to shareholders, and subsidiary funding through capital or debt.\nThe parent company maintains a cushion of excess liquidity that would be sufficient to fully fund holding company and nonbank affiliate operations for an extended period during which funding from normal sources is disrupted.\nThe primary measure used to assess the parent companys liquidity is the Time to Required Funding during such a period of liquidity disruption.\nThis measure assumes that the parent company is unable to generate funds from debt or equity issuance, receives no dividend income from subsidiaries, and no longer pays dividends to shareholders while continuing to meet nondiscretionary uses needed to maintain bank operations and repayment of contractual principal and interest payments owed by the parent company and affiliated companies.\nUnder this scenario, the amount of time the parent company and its nonbank subsidiaries can operate and meet all obligations before the current liquid assets are exhausted is considered the Time to Required Funding.\n ALCO approves the target range set for this metric, in months, and monitors adherence to the target.\nMaintaining excess parent company cash ensures that Time to Required Funding remains in the target range of 21 to 27 months and is the primary driver of the timing and amount of the Corporations debt issuances.\nAs of December 31, 2006 Time to Required Funding was 24 months compared to 29 months at December 31, 2005.\nThe reduction reflects the funding in 2005 in anticipation of the $5.2 billion cash payment related to the MBNA merger that was paid on January 1, 2006 combined with an increase in share repurchases."}
{"_id": "d8e02c94c", "title": "", "text": "| For the Years Ended December 31, | 2012 | (in thousands) | Contracted services | Office supplies and services | Transportation | Rents | Other | Total |"}
{"_id": "d80f19972", "title": "", "text": "Note 14 Regulatory Requirements and Restrictions The Board of Governors of the Federal Reserve System (FRB) requires the Corporations banking subsidiaries to maintain reserve balances based on a percentage of certain deposits.\nAverage daily reserve balances required by the FRB were $6.9 billion and $4.1 billion for 2004 and 2003, respectively.\nCurrency and coin residing in branches and cash vaults (vault cash) are used to partially satisfy the reserve requirement.\nThe average daily reserve balances, in excess of vault cash, held with the Federal Reserve Bank amounted to $70 million and $317 million for 2004 and 2003, respectively.\nThe primary source of funds for cash distributions by the Corporation to its shareholders is dividends received from its banking subsidiaries.\nBank of America, N. A.  and Fleet National Bank declared and paid dividends of $5.9 billion and $1.3 billion, respectively, for 2004 to the parent.\nIn 2005, Bank of America, N. A.  and Fleet National Bank can declare and pay dividends to the parent of $4.7 billion and $790 million plus an additional amount equal to their net profits for 2005, as defined by statute, up to the date of any such dividend declaration.\nThe other subsidiary national banks can initiate aggregate dividend payments in 2005 of $2.6 billion plus an additional amount equal to their net profits for 2005, as defined by statute, up to the date of any such dividend declaration.\nThe amount of dividends that each subsidiary bank may declare in a calendar year without approval by the OCC is the subsidiary banks net profits for that year combined with its net retained profits, as defined, for the preceding two years.\nThe FRB, the OCC and the Federal Deposit Insurance Corporation (collectively, the Agencies) have issued regulatory capital guidelines for U. S.  banking organizations.\nFailure to meet the capital requirements can initiate certain mandatory and discretionary actions by regulators that could have a material effect on the Corporations financial statements.\nAt December 31, 2004 and 2003, the Corporation and Bank of America, N. A.  were classified as well-capitalized under this regulatory framework.\nAt December 31, 2004, Fleet National Bank was classified as well-capitalized under this regulatory framework.\nThere have been no conditions or events since December 31, 2004 that management believes have changed the Corporations, Bank of America, N. A.\ns or Fleet National Banks capital classifications."}
{"_id": "d8f32af44", "title": "", "text": "CBOE HOLDINGS, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2016, 2015 and 2014 15.\nCOMMITMENTS AND CONTINGENCIES (Continued) The Company reviews its legal proceedings and claims, regulatory reviews and inspections and other legal proceedings on an ongoing basis and follows appropriate accounting guidance when making accrual and disclosure decisions.\nThe Company establishes accruals for those contingencies where the incurrence of a loss is probable and can be reasonably estimated, and we disclose the amount accrued and the amount of a reasonably possible loss in excess of the amount accrued, if such disclosure is necessary for our financial statements to not be misleading.\nThe Company does not record liabilities when the likelihood that the liability has been incurred is probable, but the amount cannot be reasonably estimated, or when the liability is believed to be only reasonably possible or remote.\nThe Company’s assessment of whether a loss is reasonably possible or probable is based on its assessment of the ultimate outcome of the matter following all appeals.\nAs of December 31, 2016, the Company does not believe that there is a reasonable possibility that any material loss exceeding the amounts already recognized for these reviews, inspections or other legal proceedings, if any, has been incurred.\nWhile the consequences of certain unresolved proceedings are not presently determinable, the outcome of any litigation is inherently uncertain and an adverse outcome from certain matters could have a material effect on our earnings in any given reporting period.\nHowever, in the opinion of management, the ultimate liability is not expected to have a material effect on our financial position, liquidity or capital resources.\nLanier Litigation On May 23, 2014, Harold R.  Lanier sued 14 securities exchanges, including CBOE, in the United States District Court for the Southern District of New York (the ‘‘Court’’) on behalf of himself and a putative class consisting of all persons in the United States who entered into contracts to receive market data through certain data plans at any time since May 19, 2008 to the present.\nThe complaint alleged that the market data provided under the CQ Plan and CTA Plans was inferior to the data that the exchanges provided to those that directly receive other data from the exchanges, which the plaintiffs alleged is a breach of their ‘‘subscriber contracts’’ and a violation of the exchanges’ obligations under the CQ and CTA Plans.\nThe plaintiffs sought monetary and injunctive relief.\nOn May 30, 2014, Mr.  Lanier filed two additional suits in the same Court, alleging substantially the same claims and requesting the same types of relief against the exchanges who participate in the UTP and the OPRA data plans.\nCBOE was a defendant in each of these suits, while C2 was only a defendant in the suit regarding the OPRA Plan.\nOn April 28, 2015, the Court dismissed Lanier’s complaint with prejudice because it was preempted by the federal regulatory scheme and because the claims were precluded by the terms of the applicable subscriber agreements.\nMr.  Lanier appealed the orders dismissing each of his three cases and, on September 2, 2015, he filed his opening appellate briefs in those cases.\nThe defendants’ response briefs were filed November 24, 2015 and briefing on the appeals has concluded.\nThe oral arguments on the appeals were heard on March 3, 2016.\nOn September 23, 2016, the Court of Appeals ruled in favor of the defendants and affirmed the Court’s dismissal of Lanier’s complaints with prejudice.\nOn October 7, 2016, Lanier filed a petition for rehearing only in the action related to the OPRA Plan and the Court of Appeals ruling with respect to the other two complaints is now final.\nOn November 4, 2016, the Court of Appeals denied the petition for rehearing in the case related to the OPRA Plan."}
{"_id": "d8d33fcd4", "title": "", "text": "Restricted Stock Award Plans Under The Coca-Cola Company 1989 Restricted Stock Award Plan and The Coca-Cola Company 1983 Restricted Stock Award Plan (the ‘‘Restricted Stock Award Plans’’), 80 million and 48 million shares of restricted common stock, respectively, were originally available to be granted to certain officers and key employees of our Company.\nAs of December 31, 2013, 25 million shares remain available for grant under the Restricted Stock Award Plans.\nThe Company issues restricted stock to employees as a result of performance share unit awards, time-based awards and performance-based awards.\nFor awards prior to January 1, 2008, under the 1983 Restricted Stock Award Plan, participants are reimbursed by our Company for income taxes imposed on the award, but not for taxes generated by the reimbursement payment.\nThe 1983 Restricted Stock Award Plan has been amended to eliminate this tax reimbursement for awards after January 1, 2008.\nThe shares are subject to certain transfer restrictions and may be forfeited if a participant leaves our Company for reasons other than retirement, disability or death, absent a change in control of our Company."}
{"_id": "d8ea04514", "title": "", "text": "subject to fluctuation and, consequently, the amount realized in the subsequent sale of an investment may differ significantly from its current reported value.\nFluctuations in the market price of a security may result from perceived changes in the underlying economic characteristics of the issuer, the relative price of alternative investments and general market conditions.\nThe table below summarizes equity investments that are subject to equity price fluctuations at December 31, 2012.\nEquity investments are included in other assets in our consolidated balance sheets.\nWe do not currently hedge against equity price risk.\nEquity investments are assessed for other-than-temporary impairment on a quarterly basis."}
{"_id": "d8a69931a", "title": "", "text": "| Benchmark 2012 2011 2010 | WTI crude oil(Dollars per bbl) | Brent (Europe) crude oil(Dollars per bbl) | Henry Hub natural gas(Dollars per mmbtu)(a) |"}
{"_id": "d8c9cf7da", "title": "", "text": "| Fourth Quarter | (Amounts in millions) | External net sales | Intersegment net sales | Segment net sales | Cost of goods sold | Gross profit | Operating expenses | Segment operating earnings |"}
{"_id": "d8e4aa564", "title": "", "text": "| December 31, 2014 December 31, 2013 | In millions | Derivatives designated as hedging instruments under GAAP | Total derivatives designated as hedging instruments | Derivatives not designated as hedging instruments under GAAP | Total derivatives used for residential mortgage banking activities | Total derivatives used for commercial mortgage banking activities | Total derivatives used for customer-related activities | Total derivatives used for other risk management activities | Total derivatives not designated as hedging instruments | Total Derivatives | December 31, 2014 | Long-term prepayment rate (annual CPR) | Prime | Alt-A | Option ARM | Remaining collateral expected to default | Prime | Alt-A | Option ARM | Loss severity | Prime | Alt-A | Option ARM | Year ended December 31In millions | Balance at beginning of period | Loss where impairment was not previously recognized | Additional loss where credit impairment was previously recognized | Reduction due to credit impaired securities sold or matured | Balance at end of period | Fair Value Measurements Using: | In millions | Money market funds | U.S. government and agency securities | Corporate debt (a) | Common stock | Preferred stock | Mutual funds | Interest in Collective Funds (b) | Limited partnerships | Other | Total | Fair Value Measurements Using: | In millions | Money market funds | U.S. government and agency securities | Corporate debt (a) | Common stock | Preferred Stock | Mutual funds | Interest in Collective Funds (c) | Limited partnerships | Other | Total | In millions | Resale Agreements | December 31, 2014 | December 31, 2013 |"}
{"_id": "d8c35803c", "title": "", "text": "| Year Ended December 31, | 2007 | (in millions, except per share and ratio information) | Income Statement Data: | Revenues: | Premiums | Policy charges and fee income | Net investment income | Realized investment gains (losses), net | Asset management fees and other income | Total revenues | Benefits and expenses: | Policyholders’ benefits | Interest credited to policyholders’ account balances | Dividends to policyholders | General and administrative expenses | Loss on disposition of property and casualty insurance operations | Total benefits and expenses | Income from continuing operations before income taxes, equity in earnings of operating joint ventures, extraordinary gain on acquisition andcumulative effect of accounting change | Income tax expense | Income from continuing operations before equity in earnings of operating joint ventures, extraordinary gain on acquisition and cumulativeeffect of accounting change | Equity in earnings of operating joint ventures, net of taxes | Income from continuing operations before extraordinary gain on acquisition and cumulative effect of accounting change | Income (loss) from discontinued operations, net of taxes | Extraordinary gain on acquisition, net of taxes | Cumulative effect of accounting change, net of taxes | Net income | Basic income from continuing operations before extraordinary gain on acquisition and cumulative effect of accounting change pershare—Common Stock | Diluted income from continuing operations before extraordinary gain on acquisition and cumulative effect of accounting change pershare—Common Stock | Basic net income per share—Common Stock | Diluted net income per share—Common Stock | Basic and diluted income from continuing operations per share—Class B Stock | Basic and diluted net income per share—Class B Stock | Dividends declared per share—Common Stock | Dividends declared per share—Class B Stock | Ratio of earnings to fixed charges-1 |"}
{"_id": "d8a6b00ec", "title": "", "text": "| (Dollar amounts in millions) 2017 Percent change 2016 Percent change 2015 | Salaries and bonuses | Employee benefits: | Employee health and insurance | Retirement | Payroll taxes and other | Total benefits | Total salaries and employee benefits | Full-time equivalent employees at December 31 |"}
{"_id": "d8f6dc49e", "title": "", "text": "| December 31, (in millions) 2015 2014 2013 | Consumer & Community Banking | Corporate & Investment Bank | Commercial Banking | Asset Management | Corporate | Total goodwill |"}
{"_id": "d86dfdb50", "title": "", "text": "Hilliard Lyons sponsors a contributory, qualified defined contribution plan that covers substantially all of its employees who are not covered by the plan described above.\nContributions to this plan are made in cash and include a base contribution for those participants employed at December 31, a matching of employee contributions, and a discretionary profit sharing contribution as determined by Hilliard Lyons Executive Compensation Committee.\nEmployee benefits expense for this plan was $6 million in 2007, $5 million in 2006 and $6 million in 2005.\nSee Note 2 Acquisitions and Divestitures regarding our pending sale of Hilliard Lyons.\nWe have a separate qualified defined contribution plan that covers substantially all US-based PFPC employees not covered by our plan.\nThe plan is a 401(k) plan and includes an ESOP feature.\nUnder this plan, employee contributions of up to 6% of eligible compensation as defined by the plan may be matched annually based on PFPC performance levels.\nParticipants must be employed as of December 31 of each year to receive this annual contribution.\nThe performancebased employer matching contribution will be made primarily in shares of PNC common stock held in treasury, except in the case of those participants who have exercised their diversification election rights to have their matching portion in other investments available within the plan.\nMandatory employer contributions to this plan are made in cash and include employer basic and transitional contributions.\nEmployee-directed contributions are invested in a number of investment options available under the plan, including a PNC common stock fund and several BlackRock mutual funds, at the direction of the employee.\nEffective November 22, 2005, we amended the plan to provide all participants the ability to diversify the matching portion of their plan account invested in shares of PNC common stock into other investments available within the plan.\nPrior to this amendment, only participants age 50 or older were permitted to exercise this diversification option.\nEmployee benefits expense for this plan was $10 million in 2007, $9 million in 2006 and $12 million in 2005.\nWe measured employee benefits expense as the fair value of the shares and cash contributed to the plan.\nWe also maintain a nonqualified supplemental savings plan for certain employees."}
{"_id": "d8cd8acbc", "title": "", "text": "| Remaining Life | One Year or   Less | (In millions) | Interest rate swaps | Interest rate floors | Interest rate caps | Financial futures | Foreign currency swaps | Foreign currency forwards | Options | Financial forwards | Credit default swaps | Synthetic GICs | Other | Total |"}
{"_id": "d8be6bbe6", "title": "", "text": "| Years Ended December 31, | 2015 | (in millions) | Direct premiums | Reinsurance ceded | Net premiums |"}
{"_id": "d8ac67e86", "title": "", "text": "| Years Ended December 31, | 2006 | (In millions) | Revenues | Premiums | Net investment income and other revenues | Net investment gains (losses) | Total revenues | Expenses | Policyholder benefits and claims | Policyholder dividends | Change in policyholder dividend obligation | Other expenses | Total expenses | Revenues, net of expenses before income tax | Income tax | Revenues, net of expenses and income tax from continuing operations | Revenues, net of expenses and income tax from discontinued operations | Revenues, net of expenses, income taxes and discontinued operations |"}
{"_id": "d8d2957f2", "title": "", "text": "| As of April 30, 2017 April 30, 2016 | Short-term | Moody's | S&P-1 |"}
{"_id": "d86dfdbbe", "title": "", "text": "| Per Option | Options outstanding atDecember 31Shares in thousands | December 31, 2006 | Granted | Exercised | Cancelled | December 31, 2007 |"}
{"_id": "d81447ac0", "title": "", "text": "Shareholders’ Equity The Company has a share repurchase program in place to return excess capital to shareholders.\nSince September 2008 through the date of this report, the Company has suspended its stock repurchase program; as a result there were no share repurchases during the year ended December 31, 2009.\nDuring the years ended December 31, 2008 and 2007, the Company repurchased a total of 12.7 million and 15.9 million shares, respectively, of its common stock at an average price of $48.26 and $59.59, respectively.\nAs of December 31, 2009, the Company had approximately $1.3 billion remaining under a share repurchase authorization.\nThe Company may also reacquire shares of its common stock under its 2005 ICP and 2008 Plan related to restricted stock awards.\nRestricted shares that are forfeited before the vesting period has lapsed are recorded as treasury shares.\nIn addition, the holders of restricted shares may elect to surrender a portion of their shares on the vesting date to cover their income tax obligations.\nThese vested restricted shares reacquired by the Company and the Company’s payment of the holders’ income tax obligations are recorded as a treasury share purchase.\nThe restricted shares forfeited and recorded as treasury shares under the 2005 ICP and 2008 Plan were 0.3 million shares in each of the years ended December 31, 2009, 2008 and 2007.\nFor each of the years ended December 31, 2009, 2008 and 2007, the Company reacquired 0.5 million of its common stock through the surrender of restricted shares upon vesting and paid in the aggregate $11 million, $24 million and $29 million, respectively, related to the holders’ income tax obligations on the vesting date.\nIn 2009, the Company issued and sold 36 million shares of its common stock.\nThe proceeds of $869 million will be used for general corporate purposes, including the Company’s pending acquisition of the long-term asset management business of Columbia, which is expected to close in the spring of 2010.\nSee Note 5 for additional information on the Company’s pending acquisition of Columbia.\nIn 2008, the Company reissued 1.8 million treasury shares for restricted stock award grants and the issuance of shares vested under the P2 Deferral Plan and the Transition and Opportunity Bonus (‘‘T&O Bonus’’) program.\nIn 2005, the Company awarded bonuses to advisors"}
{"_id": "d8110abd2", "title": "", "text": "| Year Gallons Consumed-2(Millions) Cost-2 (3)(Millions) Average Price Per Gallon-2 (3) Percentage of Total Operating Expense-2 | 2008-1 | 2007 | 2006 |"}
{"_id": "d875160fe", "title": "", "text": "Inventories We state inventories at the lower of first-in, first-out cost or market.\nWe base our provisions for excess, expired and obsolete inventory primarily on our estimates of forecasted net sales.\nA significant change in the timing or level of demand for our products as compared to forecasted amounts may result in recording additional provisions for excess, expired and obsolete inventory in the future.\nFurther, the industry in which we participate is characterized by rapid product development and frequent new product introductions.\nUncertain timing of next-generation product approvals, variability in product launch strategies, product recalls and variation in product utilization all affect our estimates related to excess, expired and obsolete inventory.\nApproximately 40 percent of our finished goods inventory as of December 31, 2016 and December 31, 2015 was at customer locations pursuant to consignment arrangements or held by sales representatives."}
{"_id": "d81a5d608", "title": "", "text": "substances, including asbestos (i. e.  A&E).\nThe Companys asbestos claims typically involve potential liability for bodily injury from exposure to asbestos or for property damage resulting from asbestos or products containing asbestos.\nThe Companys environmental claims typically involve potential liability for (a) the mitigation or remediation of environmental contamination or (b) bodily injury or property damages caused by the release of hazardous substances into the land, air or water.\nAs of December 31, 2006, roughly 7% of the Companys gross reserves are an estimate of the Companys ultimate liability for A&E claims.\nThe Companys A&E liabilities stem from Mt.\nMcKinleys direct insurance business and Everest Res assumed reinsurance business.\nThis estimate is made based on assessments of the underlying exposures as the result of (1) long and variable reporting delays, both from insureds to insurance companies and from ceding companies to reinsurers; (2) historical data, which is more limited and variable on A&E losses than historical information on other types of casualty claims; and (3) unique aspects of A&E exposures for which ultimate value cannot be estimated using traditional reserving techniques.\nThere are significant uncertainties in estimating the amount of the Companys potential losses from A&E claims.\nAmong the uncertainties are: (a) potential passing of many years between exposure and manifestation of any bodily injury or property damage; (b) difficulty in identifying sources of asbestos or environmental contamination; (c) difficulty in properly allocating responsibility and/or liability for asbestos or environmental damage; (d) changes in underlying laws and judicial interpretation of those laws; (e) the potential for an asbestos or environmental claim to involve many insurance providers over many policy periods; (f) questions concerning interpretation and application of insurance and reinsurance coverage; and (g) uncertainty regarding the number and identity of insureds with potential asbestos or environmental exposure.\nWith respect to asbestos claims in particular, several additional factors have emerged in recent years that further compound the difficulty in estimating the Companys liability.\nThese developments include: (a) the significant growth over a short period of time in the number of claims filed, in part reflecting a much more aggressive plaintiff bar and including claims against defendants who may only have a peripheral connection to asbestos; (b) a disproportionate percentage of claims filed by individuals with no physical injury, which should have little to no financial value but which have increasingly been considered in jury verdicts and settlements; (c) the growth in the number and significance of bankruptcy filings by companies as a result of asbestos claims (including, more recently, bankruptcy filings in which companies attempt to resolve their asbestos liabilities in a manner that is prejudicial to insurers and forecloses insurers from participating in the negotiation of asbestos related bankruptcy reorganization plans); (d) the concentration of claims in a small number of states that favor plaintiffs; (e) the growth in the number of claims that might impact the general liability portion of insurance policies rather than the product liability portion; (f) measures adopted by specific courts to ameliorate the worst procedural abuses; (g) an increase in settlement values being paid to asbestos claimants, especially those with cancer or functional impairment; (h) legislation in some states to address asbestos litigation issues; and (i) the potential that other states or the U.  S.  Congress may adopt legislation on asbestos litigation.\nAnecdotal evidence suggest that new claims filing rates have decreased, that new filings of asbestosdriven bankruptcies have decreased and legislative reforms are beginning to diminish the potential ultimate liability for asbestos losses.\nManagement believes that these uncertainties and factors continue to render reserves for A&E and particularly asbestos losses significantly less subject to traditional actuarial analysis than reserves for other types of losses.\nGiven these uncertainties, management believes that no meaningful range for such ultimate losses can be established, particularly for asbestos.\nFurther, A&E reserves may be subject to more variability than non-A&E reserves and such variation could have a material adverse effect on the Companys financial condition, results of operation and/or cash flow.\nThe Company establishes reserves to the extent that, in the judgment of management, the facts and prevailing law reflect an exposure for the Company or its ceding companies.\nThe following table summarizes incurred losses with respect to A&E on both a gross and net of retrocessional basis for the years indicated:"}
{"_id": "d85dae5ec", "title": "", "text": "by the parties.\nOn September 16, 2013, the Goretzka family filed Limited Objections to the settlement.\nReply comments were filed by WP on September 30, 2013.\nThe PPUC entered an Opinion and Order on January 9, 2014 approving the Settlement with limited modifications regarding the frequency of refresher training and reporting obligations.\nWP filed a letter on January 17, 2014 accepting those modifications and noting its intent to begin implementation of the settlement terms.\nThere are various lawsuits, claims (including claims for asbestos exposure) and proceedings related to FirstEnergy's normal business operations pending against FirstEnergy and its subsidiaries.\nThe loss or range of loss in these matters is not expected to be material to FirstEnergy or its subsidiaries.\nThe other potentially material items not otherwise discussed above are described under Note 15, Regulatory Matters of the Combined Notes to Consolidated Financial Statements.\nFirstEnergy accrues legal liabilities only when it concludes that it is probable that it has an obligation for such costs and can reasonably estimate the amount of such costs.\nIn cases where FirstEnergy determines that it is not probable, but reasonably possible that it has a material obligation, it discloses such obligations and the possible loss or range of loss if such estimate can be made.\nIf it were ultimately determined that FirstEnergy or its subsidiaries have legal liability or are otherwise made subject to liability based on any of the matters referenced above, it could have a material adverse effect on FirstEnergy's or its subsidiaries' financial condition, results of operations and cash flows.17.\nTRANSACTIONS WITH AFFILIATED COMPANIES FES’ operating revenues, operating expenses, investment income and interest expenses include transactions with affiliated companies.\nThese affiliated company transactions include affiliated company power sales agreements between FirstEnergy's competitive and regulated companies, support service billings, interest on affiliated company notes including the money pools and other transactions.\nFirstEnergy's competitive companies at times provide power through affiliated company power sales to meet a portion of the Utilities' POLR and default service requirements.\nThe primary affiliated company transactions for FES during the three years ended December 31, 2013 are as follows:"}
{"_id": "d88fbd786", "title": "", "text": "Our Wholesale Segment Our Wholesale segment sells our products to leading upscale and certain mid-tier department stores, specialty stores, and golf and pro shops, both domestically and internationally.\nWe have continued to focus on elevating our brand by improving instore product assortment and presentation, as well as full-price sell-throughs to consumers.\nAs of the end of Fiscal 2014, our Ralph Lauren-branded products were sold through over 11,000 doors worldwide and we invested $53 million of capital in related shopwithin-shops primarily in domestic and international department and specialty stores.\nOur products are also sold through the ecommerce sites of certain of our wholesale customers.\nThe primary product offerings sold through our wholesale channels of distribution include menswear, womenswear, childrenswear, accessories, and home furnishings.\nOur collection brands  Ralph Lauren Women's Collection and Black Label and Men's Purple Label and Black Label  are distributed worldwide through a limited number of premier fashion retailers.\nDepartment stores are our major wholesale customers in North America.\nIn Latin America, our wholesale products are sold in department stores and specialty stores.\nIn Europe, our wholesale sales are a varying mix of sales to both department stores and specialty stores, depending on the country.\nIn Japan, our wholesale products are distributed primarily through shop-within-shops at premier and top-tier department stores, and the mix of business is weighted to Men's and Women's Blue Label.\nIn the Greater China and Southeast Asia region and Australia, our wholesale products are sold mainly at mid and top-tier department stores, and the mix of business is primarily weighted to Men's and Women's Blue Label.\nWe also distribute product to certain licensed stores operated by our partners in Latin America, Europe, and Asia.\nIn addition, our Club Monaco products are distributed through select department stores and specialty stores in Europe.\nWe sell the majority of our excess and out-of-season products through secondary distribution channels worldwide, including our retail factory stores.\nWorldwide Distribution Channels The following table presents the number of doors by geographic location in which Ralph Lauren-branded products distributed by our Wholesale segment were sold to consumers in our primary channels of distribution as of March 29, 2014:"}
{"_id": "d81b7d812", "title": "", "text": "| Defined benefit pension plans | U.S. | December 31, (in millions) | Change in benefit obligation | Benefit obligation at beginning of year | Merger with Bank One | Cazenove business partnership | Benefits earned during the year | Interest cost on benefit obligations | Plan amendments | Employee contributions | Actuarial gain (loss) | Benefits paid | Curtailments | Special termination benefits | Foreign exchange impact and other | Benefit obligation at end of year | Change in plan assets | Fair value of plan assets at beginning of year | Merger with Bank One | Cazenove business partnership | Actual return on plan assets | Firm contributions | Benefits paid | Foreign exchange impact and other | Fair value of plan assets at end of year | Reconciliation of funded status | Funded status | Unrecognized amounts:(a) | Net transition asset | Prior service cost | Net actuarial loss | Prepaid benefit cost reported in Other assets | Accumulated benefit obligation |"}
{"_id": "d864b4d82", "title": "", "text": "| At December 31, 2010 Credit Exposure as a Percentage of Total Equity(a) | Industry Category: | Money center / Global bank groups | European regional financial institutions | Global reinsurance companies | Global life insurance companies | North American based regional financial institutions | Global non-life insurance companies | Global securities companies | Supranational Banks |"}
{"_id": "d8dc58a82", "title": "", "text": "| For the Years Ended December 31, | (Millions of Dollars) | Operating revenues | Purchased power | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Electric operating income |"}
{"_id": "d8d42a784", "title": "", "text": "| Facility Drawn(a) Available Original Term Maturity | (Millions of Dollars) | NSP-Minnesota | PSCo | SPS | Xcel Energy — Holding Company | NSP-Wisconsin(b) | Total |"}
{"_id": "d898644a2", "title": "", "text": "Financial instruments for which fair value does not approximate carrying value Loans The majority of the Firms loans are not carried at fair value on a recurring basis on the Consolidated balance sheets nor are they actively traded.\nThe following describes the inputs and assumptions that the Firm considers in arriving at an estimate of fair value for the following portfolios of loans.\nWholesale Fair value for the wholesale loan portfolio is estimated, primarily using the cost of credit derivatives, which is adjusted to account for the differences in recovery rates between bonds, upon which the cost of credit derivatives is based, and loans.\nConsumer ?\nFair values for consumer installment loans (including automobile financings and consumer real estate), for which market rates for comparable loans are readily available, are based upon discounted cash flows adjusted for prepayments.\nThe discount rate used for consumer installment loans are based on the current market rates adjusted for credit, liquidity and other risks that are applicable to a particular asset class.  ?\nFair value for credit card receivables is based upon discounted expected cash flows.\nThe discount rates used for credit card receivables incorporate only the effects of interest rate changes, since the expected cash flows already reflect an adjustment for credit risk.\nInterest-bearing deposits Fair values of interest-bearing time deposits are estimated by dis counting cash flows using the appropriate market rates for the applicable maturity.\nLong-term debt related instruments Fair value for long-term debt, including the junior subordinated deferrable interest debentures held by trusts that issued guaranteed capital debt securities, is based upon current market rates and is adjusted for JPMorgan Chases credit quality.\nLending-related commitments The majority of the Firms unfunded lending-related commitments are not carried at fair value on a recurring basis on the Consolidated balance sheets nor are they actively traded.\nAlthough there is no liquid secondary market for wholesale commitments, the Firm estimates the fair value of its wholesale lending-related commitments primarily using the cost of credit derivatives (which is adjusted to account for the difference in recovery rates between bonds, upon which the cost of credit derivatives is based, and loans) and loan equivalents (which represent the portion of an unused commitment expected, based upon the Firms average portfolio historical experience, to become outstanding in the event an obligor defaults).\nThe Firm estimates the fair value of its consumer commitments to extend credit based upon the primary market prices to originate new commitments.\nIt is the change in current primary market prices that provides the estimate of the fair value of these commitments.\nOn this basis, the estimated fair value of the Firms lending-related commitments at December 31, 2007 and 2006, was a liability of $1.9 billion and $210 million, respectively."}
{"_id": "d89d22c64", "title": "", "text": "| (Millions) 2011 2010 | Other, weighted average 3.72% as of Dec. 31, 2011 and 3.39% as of December 31, 2010 | Total |"}
{"_id": "d877e0c44", "title": "", "text": "DIAMOND OFFSHORE DRILLING, INC.  Diamond Offshore Drilling, Inc.  (Diamond Offshore), is engaged, through its subsidiaries, in the business of owning and operating drilling rigs that are used in the drilling of offshore oil and gas wells on a contract basis for companies engaged in exploration and production of hydrocarbons.\nDiamond Offshore owns 47 offshore rigs.\nDiamond Offshore accounted for 25.9%, 26.3% and 18.3% of our consolidated total revenue for the years ended December 31, 2009, 2008 and 2007.\nDiamond Offshore owns and operates 32 semisubmersible rigs, consisting of 13 high specification and 19 intermediate rigs.\nSemisubmersible rigs consist of an upper working and living deck resting on vertical columns connected to lower hull members.\nSuch rigs operate in a semi-submerged position, remaining afloat, off bottom, in a position in which the lower hull is approximately 55 feet to 90 feet below the water line and the upper deck protrudes well above the surface.\nSemisubmersible rigs are typically anchored in position and remain stable for drilling in the semi-submerged floating position due in part to their wave transparency characteristics at the water line.\nSemisubmersible rigs can also be held in position through the use of a computer controlled thruster (dynamic-positioning) system to maintain the rigs position over a drillsite.\nFive semisubmersible rigs in Diamond Offshores fleet have this capability.\nDiamond Offshores high specification semisubmersible rigs are generally capable of working in water depths of 4,000 feet or greater or in harsh environments and have other advanced features, as compared to intermediate semisubmersible rigs.\nAs of January 25, 2010, seven of the 13 high specification semisubmersible rigs, including the recently acquired Ocean Courage, were located in the U. S.  Gulf of Mexico (GOM).\nAt that date Diamond Offshore had two high specification semisubmersible rigs operating offshore Brazil, while a third was en route to Brazil from the GOM."}
{"_id": "d88f99a2a", "title": "", "text": "| (Millions of Dollars) 2006 2005 Increase/ (Decrease) | Property taxes | State and local taxes related to revenue receipts | Payroll taxes | Total |"}
{"_id": "d88c06fca", "title": "", "text": "| As of or for the Years Ended December 31, | 2008 | Gross | (In millions) | Asbestos: | Liability for unpaid claims and claims adjustment expense at beginning of year | Losses and loss expenses incurred* | Losses and loss expenses paid* | Liability for unpaid claims and claims adjustment expense at end of year | Environmental: | Liability for unpaid claims and claims adjustment expense at beginning of year | Losses and loss expenses incurred* | Losses and loss expenses paid* | Liability for unpaid claims and claims adjustment expense at end of year | Combined: | Liability for unpaid claims and claims adjustment expense at beginning of year | Losses and loss expenses incurred* | Losses and loss expenses paid* | Liability for unpaid claims and claims adjustment expense at end of year |"}
{"_id": "d8b0311c0", "title": "", "text": "| Years Ended December 31, | 2008 | (in millions, except percentages) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Pretax income |"}
{"_id": "d8794db5e", "title": "", "text": "| Years Ended December 31, | 2012 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Operating earnings | Premiums Payable | (in millions) | 2017 | 2018 | 2019 | 2020 | 2021 | 2022-2027 | Total | Pretax Increase (Decrease) | (in millions) | Premiums | Other revenues | Total revenues | Distribution expenses | Benefits, claims, losses and settlement expenses | Amortization of DAC | Total expenses | Total-1 |"}
{"_id": "d85db9dfc", "title": "", "text": "| Premiums Payable Premiums Receivable | (in millions) | 2012 | 2013 | 2014 | 2015 | 2016 | 2017-2026 |"}
{"_id": "d8c170760", "title": "", "text": "During the second and fourth quarters of fiscal year 2012, SCC observed an increase in third-party activity.\nAs a result of this third-party activity, SCCs estimate of probable claims increased from its prior expectations, resulting in additional loss provision of approximately $56 million.\nThese loss provisions were partially offset by changes in assumptions, including a decrease in the rate at which claims have been found to be valid, corresponding to recent trends in reviewed claims as described above, and a decrease in expected future claims related to NIM bonds that had matured, resulting in a net recorded loss provision in discontinued operations of $20.0 million.\nDuring fiscal year 2011, SCC made payments totaling $49.8 million under an indemnity agreement dated April 2008 with a specific counterparty in exchange for a full and complete release of such partys ability to assert representation and warranty claims.\nThe indemnity agreement was given as part of obtaining the counterpartys consent to SCCs sale of its mortgage servicing business in 2008.\nSCC has no remaining payment obligations under this indemnity agreement.\nDISCONTINUED OPERATIONS  INDEMNIFICATION OBLIGATIONS  Losses may also be incurred with respect to indemnification claims by underwriters and depositors, and litigation claims by others, with respect to loans and securities SCC originated and sold, as discussed in note 19.\nSee discussion in note 20 below for indemnification obligations related to the sales of RSM and MCM.\nNOTE 19: LITIGATION AND RELATED CONTINGENCIES We are a defendant in a large number of litigation matters, arising both in the ordinary course of business and otherwise, including as described below.\nThe matters described below are not all of the lawsuits to which we are subject.\nIn some of the matters, very large and/or indeterminate amounts, including punitive damages, are sought.\nU. S.  jurisdictions permit considerable variation in the assertion of monetary damages or other relief.\nJurisdictions may permit claimants not to specify the monetary damages sought or may permit claimants to state only that the amount sought is sufficient to invoke the jurisdiction of the trial court.\nIn addition, jurisdictions may permit plaintiffs to allege monetary damages in amounts well exceeding reasonably possible verdicts in the jurisdiction for similar matters.\nWe believe that the monetary relief which may be specified in a lawsuit or claim bears little relevance to its merits or disposition value due to this variability in pleadings and our experience in litigating or resolving through settlement numerous claims over an extended period of time.\nThe outcome of a litigation matter and the amount or range of potential loss at particular points in time may be difficult to ascertain.\nAmong other things, uncertainties can include how fact finders will evaluate documentary evidence and the credibility and effectiveness of witness testimony, and how trial and appellate courts will apply the law.\nDisposition valuations are also subject to the uncertainty of how opposing parties and their counsel will themselves view the relevant evidence and applicable law.\nIn addition to litigation matters, we are also subject to other claims and regulatory investigations arising out of our business activities, including as described below.\n?\nSecondary market same store communities are generally communities in markets with populations of more than 1 million but less than 1% of the total public multifamily REIT units or markets with populations of less than 1 million that we have owned and have been stabilized for at least a full 12 months.  ?\nNon-same store communities and other includes recent acquisitions, communities in development or lease-up, communities that have been identified for disposition, and communities that have undergone a significant casualty loss.\nAlso included in non-same store communities are non-multifamily activities.\nOn the first day of each calendar year, we determine the composition of our same store operating segments for that year as well as adjust the previous year, which allows us to evaluate full period-over-period operating comparisons.\nAn apartment community in development or lease-up is added to the same store portfolio on the first day of the calendar year after it has been owned and stabilized for at least a full 12 months.\nCommunities are considered stabilized after achieving 90% occupancy for 90 days.\nCommunities that have been identified for disposition are excluded from the same store portfolio.\nAll properties acquired from Post Properties in the Merger remained in the Non-Same Store and Other operating segment during 2017, as the properties were recent acquisitions and had not been owned and stabilized for at least 12 months as of January 1, 2017.\nFor additional information regarding our operating segments, see Note 14 to the consolidated financial statements included elsewhere in this Annual Report on Form 10-K.  Acquisitions One of our growth strategies is to acquire apartment communities that are located in various large or secondary markets primarily throughout the Southeast and Southwest regions of the United States.\nAcquisitions, along with dispositions, help us achieve and maintain our desired product mix, geographic diversification and asset allocation.\nPortfolio growth allows for maximizing the efficiency of the existing management and overhead structure.\nWe have extensive experience in the acquisition of multifamily communities.\nWe will continue to evaluate opportunities that arise, and we will utilize this strategy to increase our number of apartment communities in strong and growing markets.\nWe acquired the following apartment communities during the year ended December 31, 2017:"}
{"_id": "d88318b84", "title": "", "text": "| Year ended December 31, 2003 “Qualifying” | (in millions) | Revenue |"}
{"_id": "d8c3f3b0e", "title": "", "text": "OTHER RECENTLY ISSUED ACCOUNTING PRONOUNCEMENTS: In July 2006, the FASB issued Interpretation No.48, Accounting for Uncertainty in Income Taxes (FIN 48).\nThis interpretation clarifies the accounting for uncertainty in income taxes recognized in a companys financial statements in accordance with FASB Statement No.109, Accounting for Income Taxes.\n This interpretation prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return.\nThis interpretation also provides guidance on derecognition, classification,\nUnder the terms of the ANSYS, Inc.\nLong-Term Incentive Plan, in the first quarter of 2013, 2012 and 2011, the Company granted 94,300, 100,000 and 92,500 performance-based restricted stock units, respectively.\nVesting of the full award or a portion thereof is based on the Companys performance as measured by total shareholder return relative to the median percentage appreciation of the NASDAQ Composite Index over a specified measurement period, subject to each participants continued employment with the Company through the conclusion of the measurement period.\nThe measurement period for the restricted stock units granted pursuant to the Long-Term Incentive Plan is a three-year period beginning January 1 of the year of the grant.\nEach restricted stock unit relates to one share of the Companys common stock.\nThe weighted average fair value of each restricted stock unit granted in 2013, 2012 and 2011 was estimated on the grant date to be $50.05, $33.16 and $32.05, respectively.\nThe fair value of the restricted stock units was estimated using a Monte Carlo simulation model.\nThe determination of the fair value of the awards was affected by the grant date and a number of variables, each of which has been identified in the chart below.\nStock-based compensation expense based on the fair value of the award is being recorded from the grant date through the conclusion of the three-year measurement period.\nOn December 31, 2013, employees earned 92,500 restricted stock units, which will be issued in the first quarter of 2014.\nTotal compensation expense associated with the awards recorded for the years ended December 31, 2013, 2012 and 2011 was $3.6 million, $2.6 million and $1.6 million, respectively.\nTotal compensation expense associated with granted awards for the years ending December 31, 2014 and 2015 is expected to be $2.8 million and $1.7 million, respectively."}
{"_id": "d87151586", "title": "", "text": "| Amount (In Millions) | 2010 net revenue | Retail electric price | Net gas revenue | Gas cost recovery asset | Volume/weather | Other | 2011 net revenue |"}
{"_id": "d8201bb30", "title": "", "text": "| 2011 2010 (53 Weeks) 2009 | (In thousands) | Net earnings for the 53/52 week periods | Estimated net earnings for the additional week in fiscal 2010 | Adjusted net earnings | Actual percentage (decrease) increase | Adjusted percentage (decrease) increase |"}
{"_id": "d8acaae98", "title": "", "text": "| 2008 2007 | Equity Ownership | Public Investors (Class A stockholders) | Principle or Affiliate Members (Class B stockholders) | Foundation (Class A stockholders) |"}
{"_id": "d8f4a86dc", "title": "", "text": "| December 31, 2016In millions 1 Year orLess 1 Through5 Years After5 Years GrossLoans | Commercial | Commercial real estate | Total | Loans with: | Predetermined rate | Floating or adjustable rate | Total |"}
{"_id": "d8dfb9654", "title": "", "text": "14.\nAccounting for Certain Long-Lived Assets EOG reviews its proved oil and gas properties for impairment purposes by comparing the expected undiscounted future cash flows at a depreciation, depletion and amortization group level to the unamortized capitalized cost of the asset.\nThe carrying r values for assets determined to be impaired were adjusted to estimated fair value using the Income Approach described in the Fair Value Measurement Topic of the ASC.\nIn certain instances, EOG utilizes accepted offers from third-party purchasers as the basis for determining fair value.\nDuring 2017, proved oil and gas properties with a carrying amount of $370 million were written down to their fair value of $146 million, resulting in pretax impairment charges of $224 million.\nDuring 2016, proved oil and gas properties with a carrrying amount of $643 million were written down to their fair value of $527 million, resulting in pretax impairment charges of $116 million.\nImpairments in 2017, 2016 and 2015 included domestic legacy natural gas assets.\nAmortization and impairments of unproved oil and gas property costs, including amortization of capitalized interest, were $211 million, $291 million and $288 million during 2017, 2016 and 2015, respectively."}
{"_id": "d8a0e3c90", "title": "", "text": "swap agreement.\nAssuming these swap agreements had been cancelled on December 31, 2007, we would have received $18.3 million, net, and future net interest payments would increase assuming LIBOR does not change.\nOther than the swap agreements, adverse changes in our credit ratings do not create, increase, or accelerate any liabilities.\nIn addition, we operate as a holding company in a highly regulated industry.\nOur parent company is dependent upon dividends and administrative expense reimbursements from our subsidiaries, most of which are subject to regulatory restrictions.\nCash, cash equivalents and short-term investments at the parent company increased $111.3 million to $535.7 million at December 31, 2007 compared to $424.4 million at December 31, 2006 reflecting dividends received net of funding of additional capital into certain subsidiaries during 2007 in conjunction with growth in Medicare revenues.\nSee Schedule I to this Form 10-K beginning on page 107 for our parent company only financial information.\nRegulatory Requirements Certain of our subsidiaries operate in states that regulate the payment of dividends, loans, or other cash transfers to Humana Inc. , our parent company, and require minimum levels of equity as well as limit investments to approved securities.\nThe amount of dividends that may be paid to Humana Inc.  by these subsidiaries, without prior approval by state regulatory authorities, is limited based on the entitys level of statutory income and statutory capital and surplus.\nIn most states, prior notification is provided before paying a dividend even if approval is not required.\nBased on the most recent statutory financial statements as of December 31, 2007, we maintained aggregate statutory capital and surplus of $2,905.2 million in our state regulated subsidiaries.\nThis compares to applicable statutory requirements which aggregated $1,810.5 million.\nAlthough the minimum required levels of equity are largely based on premium volume, product mix, and the quality of assets held, minimum requirements can vary significantly at the state level.\nGiven our anticipated continued premium growth in 2008, capital requirements will increase.\nWe expect to fund these increased requirements with capital contributions from Humana Inc. , our parent company, of approximately $200 million in 2008.\nMost states rely on risk-based capital requirements, or RBC, to define their required levels of equity discussed above.\nRBC is a model developed by the National Association of Insurance Commissioners to monitor an entitys solvency.\nThis calculation indicates recommended minimum levels of required capital and surplus and signals regulatory measures should actual surplus fall below these recommended levels.\nIf RBC were adopted by the remaining states and Puerto Rico at December 31, 2007, we would have $966.3 million of aggregate capital and surplus above any of the levels that require corrective action under RBC, or individual state requirements based on the most recent statutory financial statements as of December 31, 2007."}
{"_id": "d819d249a", "title": "", "text": "U. S.  COATED PAPERS net sales were $920 million in 2006, $1.6 billion in 2005 and $1.4 billion in 2004.\nOperating profits in 2006 were 26% lower than in 2005.\nA small operating loss was reported for the business in 2004.\nThis business was sold in the third quarter of 2006.\nDuring the first two quarters of 2006, sales volumes were up slightly versus 2005.\nAverage sales price realizations for coated freesheet paper and coated groundwood paper were higher than in 2005, reflecting the impact of previously announced price increases.\nHowever, input costs for energy, wood and other raw materials increased over 2005 levels.\nManufacturing operations were favorable due to higher machine efficiency and mill cost savings."}
{"_id": "d89635596", "title": "", "text": "We recognized other than temporary impairments of our investments in sponsored mutual funds because of declines in fair value below cost for an extended period.\nThe significant declines in fair value below cost that occurred in 2008 were generally attributable to adverse market conditions.\nIn addition, income from money market and bond fund holdings was $19.3 million lower than in 2007 due to the significantly lower interest rate environment of 2008.\nLower interest rates also led to substantial capital appreciation on our $40 million holding of U. S.  Treasury Notes that we sold in December 2008 at a $2.6 million gain.\nThe 2008 provision for income taxes as a percentage of pretax income is 38.4%, up from 37.7% in 2007, primarily to reflect changes in state income tax rates and regulations and certain adjustments made prospectively based on our annual income tax return filings for 2007."}
{"_id": "d8445e6a0", "title": "", "text": "| High Low | Fiscal Year Ended April 2, 2016 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Fiscal Year Ended March 28, 2015 | Fourth Quarter |"}
{"_id": "d8ae168fe", "title": "", "text": "| 2004 2003 | Equity securities | Debt securities | Real estate | Cash | Nontraditional investments | 100% |"}
{"_id": "d899263a4", "title": "", "text": "Loss on Extinguishment of Debt During 2017, we retired $86.7 million of 5.25% tax-exempt bonds, resulting in a non-cash charge of $0.8 million.\nDuring 2016, we incurred a loss on the early extinguishment of debt.\nWe paid a cash premium of $148.1 million, early tender consideration of $28.7 million and $1.6 million of associated legal and other fees.\nWe also incurred a non-cash charge related to the proportional share of unamortized discounts and deferred issuance costs of $17.8 million.\nThe unamortized proportional share of certain cash flow hedges reclassified to earnings as non-cash interest expense was $7.2 million."}
{"_id": "d8de3991e", "title": "", "text": "| Years Ended December 31, | 2015 | Southwest Region (Navajo Refinery) | Sales of produced refined products: | Gasolines | Diesel fuels | Fuel oil | Asphalt | LPG and other | Total |"}
{"_id": "d8691c1ae", "title": "", "text": "| 25 Basis Point Increase 25 Basis Point Decrease | Pension Plans | Discount Rate: | Effect on net periodic benefit cost | Effect on projected benefit obligation | Return on Assets: | Effect on net periodic benefit cost | Postretirement Medical Plans | Discount Rate: | Effect on net periodic benefit cost | Effect on projected benefit obligation | Health Care Cost Trend Rate: | Effect on net periodic benefit cost | Effect on projected benefit obligation |"}
{"_id": "d8b19efee", "title": "", "text": "anticipated or possible short-term cash needs, prevailing interest rates, our investment policy and alternative investment choices.\nA majority of our cash and cash equivalents balance is invested in money market mutual funds that invest only in U. S.  Treasury securities or U. S.  government agency securities.\nOur exposure to risk is minimal given the nature of the investments.\nOur practice is to have our pension plan 100% funded at each year end on a projected benefit obligation basis, while also satisfying any minimum required contribution and obtaining the maximum tax deduction.\nBased on our actuarial projections, we estimate that a $14.1 million contribution in 2011 will allow us to meet our funding goal.\nHowever, the amount of the actual contribution is contingent on the actual rate of return on our plan assets during 2011 and the December 31, 2011 discount rate.\nNet current deferred tax assets of $18.3 million and $23.8 million are included in other current assets at December 31, 2010 and 2009, respectively.\nTotal net current deferred tax assets include unrealized losses, stockbased compensation and accrued expenses.\nNet long-term deferred tax liabilities were $7.8 billion and $7.6 billion at December 31, 2010 and 2009, respectively.\nNet deferred tax liabilities are principally the result of purchase accounting for intangible assets in our various mergers including CBOT Holdings and NYMEX Holdings.\nWe have a long-term deferred tax asset of $145.7 million included within our domestic long-term deferred tax liability.\nThis deferred tax asset is for an unrealized capital loss incurred in Brazil related to our investment in BM&FBOVESPA.\nAs of December 31, 2010, we do not believe that we currently meet the more-likely-than-not threshold that would allow us to fully realize the value of the unrealized capital loss.\nAs a result, a partial valuation allowance of $64.4 million has been provided for the amount of the unrealized capital loss that exceeds potential capital gains that could be used to offset the capital loss in future periods.\nWe also have a long-term deferred tax asset related to Brazilian taxes of $125.3 million for an unrealized capital loss incurred in Brazil related to our investment in BM&FBOVESPA.\nA full valuation allowance of $125.3 million has been provided because we do not believe that we currently meet the more-likely-than-not threshold that would allow us to realize the value of the unrealized capital loss in Brazil in the future.\nValuation allowances of $49.4 million have also been provided for additional unrealized capital losses on various other investments.\nNet long-term deferred tax assets also include a $19.3 million deferred tax asset for foreign net operating losses related to Swapstream.\nOur assessment at December 31, 2010 was that we did not currently meet the more-likelythan-not threshold that would allow us to realize the value of acquired and accumulated foreign net operating losses in the future.\nAs a result, the $19.3 million deferred tax assets arising from these net operating losses have been fully reserved.\nEach clearing firm is required to deposit and maintain specified performance bond collateral.\nPerformance bond requirements are determined by parameters established by the risk management department of the clearing house and may fluctuate over time.\nWe accept a variety of collateral to satisfy performance bond requirements.\nCash performance bonds and guaranty fund contributions are included in our consolidated balance sheets.\nClearing firm deposits, other than those retained in the form of cash, are not included in our consolidated balance sheets.\nThe balances in cash performance bonds and guaranty fund contributions may fluctuate significantly over time.\nCash performance bonds and guaranty fund contributions consisted of the following at December 31:"}
{"_id": "d89477c0e", "title": "", "text": "| Number of Shares Purchased [a] Average Price Paid [a] | 2009 | First quarter | Second quarter | Third quarter | Fourth quarter | Total | Remaining number of shares that may yet be repurchased [a] |"}
{"_id": "d8f3b23d6", "title": "", "text": "Cash Flow from Operating Activities The decrease in operating cash flows for 2007 resulted from timing of cash flows associated with our Medicare Part D offerings, offset by Medicare enrollment growth and improved earnings.\nDuring 2007, we paid $725.5 million to CMS under the risk corridor terms of our 2006 contracts with CMS.\nSimilarly, the provision for net amounts payable under the risk corridor terms of our 2007 contracts with CMS, which will be paid in 2008, was $102.6 million.\nThe increase in operating cash flows for 2006 compared to 2005 resulted from Medicare enrollment growth, improved earnings, and the timing of cash flows associated with our Medicare Part D offerings which were new beginning January 1, 2006.\nOur 2006 Part D results related to both stand-alone PDP and MA-PD offerings reflected provisions for net amounts payable to CMS under the risk corridor terms of our contracts with CMS.\nThis risk corridor amount, which was paid in 2007 as discussed above, reflects favorable experience on allowable risk corridor costs during the second half of 2006 compared to the expectations set out in our original annual bid for 2006 contracts with CMS.\nThe favorable experience was associated with the Medicare Part D portion of our MA-PD offerings as well as our Standard and Enhanced stand-alone plans.\nComparisons of our operating cash flows also are impacted by other changes in our working capital.\nThe most significant drivers of changes in our working capital are typically the timing of receipts for premiums and ASO fees and payments of benefit expenses.\nWe illustrate these changes with the following summaries of receivables and benefits payable.\nThe detail of total net receivables was as follows at December 31, 2007, 2006 and 2005:"}
{"_id": "d8f72f14e", "title": "", "text": "Revenue Recognition The Companys Medicaid Managed Care segment generates revenues primarily from premiums received from the states in which it operates health plans.\nThe Company receives a fixed premium per member per month pursuant to our state contracts.\nThe Company generally receives premium payments during the month it provides services and recognizes premium revenue during the period in which it is obligated to provide services to its members.\nSome states enact premium taxes or similar assessments, collectively premium taxes, and these taxes are recorded as General and Administrative expenses.\nSome contracts allow for additional premium related to certain supplemental services provided such as maternity deliveries.\nRevenues are recorded based on membership and eligibility data provided by the states, which may be adjusted by the states for updates to this data.\nThese adjustments have been immaterial in relation to total revenue recorded and are reflected in the period known.\nThe Companys Specialty Services segment generates revenues under contracts with state programs, healthcare organizations and other commercial organizations, as well as from our own subsidiaries on market-based terms.\nRevenues are recognized when the related services are provided or as ratably earned over the covered period of service.\nPremium and services revenues collected in advance are recorded as unearned revenue.\nFor performance-based contracts the Company does not recognize revenue subject to refund until data is sufficient to measure performance.\nPremiums and service revenues due to the Company are recorded as premium and related receivables and are recorded net of an allowance based on historical trends and managements judgment on the collectibility of these accounts.\nAs the Company generally receives payments during the month in which services are provided, the allowance is typically not significant in comparison to total revenues and does not have a material impact on the presentation of the financial condition or results of operations.\nActivity in the allowance for uncollectible accounts for the years ended December 31 is summarized below:"}
{"_id": "d8954de94", "title": "", "text": "| In millions of dollars Carrying value Fair value | Mortgage-backed securities | Due within 1 year | After 1 but within 5 years | After 5 but within 10 years | After 10 years(1) | Total | State and municipal | Due within 1 year | After 1 but within 5 years | After 5 but within 10 years | After 10 years(1) | Total | All other(2) | Due within 1 year | After 1 but within 5 years | After 5 but within 10 years | After 10 years(1) | Total | Total debt securities held-to-maturity | Maximum potential amount of future payments | In billions of dollars | Financial standby letters of credit | Performance guarantees | Derivative instruments deemed to be guarantees | Guarantees of collection of contractual cash flows | Loans sold with recourse | Securities lending indemnifications | Credit card merchant processing | Custody indemnifications and other | Total | In millions of dollars | Year-end CVA reserve balance as calculated using: | CDS spreads | Cash spreads | Difference-1 | Year-to-date pretax gain from the change in CVA reserve that would have been recorded in the income statement as calculated using: | CDS spreads | Cash spreads |"}
{"_id": "d8b406610", "title": "", "text": "| Commodity Price Increase (Decrease) | Crude Oil & Condensate | 2009 | (Per Bbl) | Year Ended December 31, | United States | Equatorial Guinea | Total Consolidated Operations | Total |"}
{"_id": "d8eabe054", "title": "", "text": "| 2016 2017 2018 | Basic shares outstanding | Dilutive shares | Diluted shares outstanding |"}
{"_id": "d89d89202", "title": "", "text": "| 2016 2015 2014 | Average risk-free interest rate | Expected dividend yield | Expected volatility | Expected life (years) | Fair value, per share |"}
{"_id": "d81e6873e", "title": "", "text": "| December 31, 2018 FairValue CarryingValue Difference | Monster Beverage Corporation | Coca-Cola European Partners plc | Coca-Cola FEMSA, S.A.B. de C.V. | Coca-Cola HBC AG | Coca-Cola Amatil Limited | Coca-Cola Bottlers Japan Holdings Inc.1 | Embotelladora Andina S.A. | Coca–Cola Consolidated, Inc.2 | Coca-Cola İçecek A.Ş. | Total |"}
{"_id": "d8a8bae46", "title": "", "text": "Valuation techniques – Cash equivalents are mostly comprised of short-term money-market instruments and are valued at cost, which approximates fair value.\nU. S.  equity securities and international equity securities categorized as Level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year.\nFor U. S.  equity securities and international equity securities not traded on an active exchange, or if the closing price is not available, the trustee obtains indicative quotes from a pricing vendor, broker or investment manager.\nThese securities are categorized as Level 2 if the custodian obtains corroborated quotes from a pricing vendor or categorized as Level 3 if the custodian obtains uncorroborated quotes from a broker or investment manager.\nCommingled equity funds categorized as Level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year.\nFor commingled equity funds not traded on an active exchange, or if the closing price is not available, the trustee obtains indicative quotes from a pricing vendor, broker or investment manager.\nThese securities are categorized as Level 2 if the custodian obtains corroborated quotes from a pricing vendor.\nFixed income investments categorized as Level 2 are valued by the trustee using pricing models that use verifiable observable market data (e. g. , interest rates and yield curves observable at commonly quoted intervals and credit spreads), bids provided by brokers or dealers or quoted prices of securities with similar characteristics.\nFixed income investments are categorized as Level 3 when valuations using observable inputs are unavailable.\nThe trustee typically obtains pricing based on indicative quotes or bid evaluations from vendors, brokers or the investment manager.\nIn addition, certain other fixed income investments categorized as Level 3 are valued using a discounted cash flow approach.\nSignificant inputs include projected annuity payments and the discount rate applied to those payments.\nCertain commingled equity funds, consisting of equity mutual funds, are valued using the NAV.\nThe NAV valuations are based on the underlying investments and typically redeemable within 90 days.\nPrivate equity funds consist of partnership and co-investment funds.\nThe NAV is based on valuation models of the underlying securities, which includes unobservable inputs that cannot be corroborated using verifiable observable market data.\nThese funds typically have redemption periods between eight and 12 years.\nReal estate funds consist of partnerships, most of which are closed-end funds, for which the NAV is based on valuation models and periodic appraisals.\nThese funds typically have redemption periods between eight and 10 years.\nHedge funds consist of direct hedge funds for which the NAV is generally based on the valuation of the underlying investments.\nRedemptions in hedge funds are based on the specific terms of each fund, and generally range from a minimum of one month to several months."}
{"_id": "d8ea98340", "title": "", "text": "Contractual Commitments Purchase Obligations: Purchase obligations arise from long-term contracts for the purchase of commodities and related services, and construction and service agreements.\nThe commodities and related services include long-term PPAs, natural gas and associated transportation, and coal and associated transportation.\nRelated-party PPAs are between Consumers and certain affiliates of CMS Enterprises.\nPresented in the following table are CMS Energys and Consumers contractual purchase obligations at December 31, 2017 for each of the periods shown:"}
{"_id": "d842dcf34", "title": "", "text": "| Committed Unsecured CommittedSecured Uncommitted Secured Uncommitted Unsecured Total Financing Arrangements | (in 000’s) | RJ&A (with third-party lenders) | RJ Bank | Total |"}
{"_id": "d812cfc9c", "title": "", "text": "| 2011 $65.1 | 2012 | 2013 | 2014 | 2015 | Thereafter | Total |"}
{"_id": "d85f42f48", "title": "", "text": "| Years ended December 31, 2012 2011 2010 | Net earnings | Non-cash items | Changes in working capital | Net cash provided by operating activities | Net cash (used)/provided by investing activities | Net cash used by financing activities | Effect of exchange rate changes on cash and cash equivalents | Net increase/(decrease) in cash and cash equivalents | Cash and cash equivalents at beginning of year | Cash and cash equivalents at end of period |"}
{"_id": "d8e757f64", "title": "", "text": "| Pension Benefits OtherPostretirementBenefits | 2013 | Fair value of plan assets January 1 | Actual return on plan assets | Company contributions | Effects of exchange rate changes | Benefits paid | Settlements | Other | Fair value of plan assets December 31 | Benefit obligation January 1 | Service cost | Interest cost | Actuarial (gains) losses | Benefits paid | Effects of exchange rate changes | Plan amendments | Curtailments | Termination benefits | Settlements | Other | Benefit obligation December 31 | Funded status December 31 | Recognized as: | Other assets | Accrued and other current liabilities | Other noncurrent liabilities |"}
{"_id": "d87fdd44c", "title": "", "text": "| (millions of dollars) 2011 2010 Variance 2011 vs. 2010 2009 Variance 2010 vs. 2009 | Operating activities | Investing activities | Financing activities | Net change | Balance at beginning of period | Balance at end of period | (millions of dollars) | Operating activities | Investing activities | Financing activities | Net change | Balance at beginning of period | Balance at end of period | TargetAllocation Range 2017 | Asset Category | Equity Securities | Debt Securities | Real Estate | Total |"}
{"_id": "d8c59d680", "title": "", "text": "| Year Ended December 31, | (in thousands) | United States | Japan | Germany | Canada | Other European | Other international | Total revenue |"}
{"_id": "d81cd6664", "title": "", "text": "| Gross Prescription   Drug Subsidies  (In millions) Net | 2009 | 2010 | 2011 | 2012 | 2013 | 2014-2018 |"}
{"_id": "d890b8974", "title": "", "text": "| Year Ended December 31 2008 2007(a) | Gas production (Bcf) | Gas sales (Bcf) | Oil production/sales (Mbbls) | NGL production/sales (Mbbls) | Equivalent production (Bcfe) | Equivalent sales (Bcfe) | Average realized prices, without hedging results: | Gas (per Mcf) | NGL (per Bbl) | Oil (per Bbl) | Equivalent (per Mcfe) |"}
{"_id": "d8b878266", "title": "", "text": "| Restricted Stock Shares -000 Weighted AverageGrant-Date Fair Value | Outstanding at 30 September 2017 | Vested | Outstanding at 30 September 2018 |"}
{"_id": "d88791c74", "title": "", "text": "| Year Ended December 31, | (in thousands) | United States | Germany | Japan | Canada | Other European | Other international | Total revenue |"}
{"_id": "d8b9aa440", "title": "", "text": "| Range Actual | USRIP | Large-Cap Equity | Small- and Mid-Cap Equity | International Equity | Private Equity | Hedge Funds | Real Assets | Fixed Income | Cash | Twelve Months Ended December 31, | 2017 vs. 2016 | Operating Revenue | (In millions) | U.S. Information Solutions | International | Workforce Solutions | Global Consumer Solutions | Consolidated operating revenue |"}
{"_id": "d86275774", "title": "", "text": "| Year ended December 31,(in millions, except per share and ratio data) 2007 2006 Change | Selected income statement data | Total net revenue | Provision for credit losses | Total noninterest expense | Income from continuing operations | Income from discontinued operations | Net income | Diluted earnings per share | Income from continuing operations | Net income | Return on common equity | Income from continuing operations | Net income |"}
{"_id": "d86d96fe0", "title": "", "text": "LIQUIDITY AND CAPITAL RESOURCES The Company continues to manage its businesses to maximize operating cash flows as the primary source of liquidity.\nWe supplement operating cash with short-term debt from the commercial paper market and with long-term borrowings.\nWe continue to balance our cash and financing uses through investment in our existing core businesses, acquisition activity, share repurchases and dividends.\nCash Flow Summary Our cash flows from operating, investing and financing activities, as reflected in the Consolidated Statement of Cash Flows for the years ended December 31.2006, 2005 and 2004 are summarized as follows:"}
{"_id": "d85ff2c9a", "title": "", "text": "Pension Plans with ABO and PBO in excess of plan assets as of December 31, 2013 and 2012 are presented in the table below.\nFor the non-qualified plans not subject to ERISA or non-U.\nS.  pension plans, funding strategies vary due to legal requirements and local practices."}
{"_id": "d81317164", "title": "", "text": "| 2017 2018 2019 2020 2021 Total | CMS Energy, including Consumers | Consumers | Enterprises | Total CMS Energy | Consumers | Electric utility operations | Gas utility operations | Total Consumers |"}
{"_id": "d87abd8fe", "title": "", "text": "| 2013 2012 2011 | Pension expense | Special terminations, settlements, and curtailments (included above) | Weighted average discount rate | Weighted average expected rate of return on plan assets | Weighted average expected rate of compensation increase |"}
{"_id": "d878218e8", "title": "", "text": "DISCONTINUED AND HELD-FOR-SALE OPERATIONS Automotive Sector Held-for-sale Operations.\nConsistent with our objectives to build on the basics and focus on core businesses, management committed in December 2004 to sell certain consolidated dealerships in the Asia Pacific and Africa/Mazda segment.\nThe sale of these dealerships will allow us to concentrate on the production and marketing of our products in the Asia Pacific region rather than the day-to-day retailing operations.\nWe expect to sell these operations during the next twelve months and have reported them as held for sale.\nWe recorded a pre-tax charge of $16 million reflected in Income/(loss) before income taxes related to the anticipated loss on the sale of the net assets.\nThe charge represents the difference between the anticipated selling price of the net assets, less costs to sell them, and their recorded book values.\nWe also recorded a pre-tax goodwill impairment of $64 million reflected in Income/(loss) before income taxes related to the disposal of these operations.\nAt December 31, 2004, the assets of the held-for-sale operations consisted primarily of receivables and inventory totaling approximately $49 million and $114 million, respectively"}
{"_id": "d8c56f168", "title": "", "text": "| December 31, 2018 | AmortizedCost | ($ in millions) | Corporate & government securities: | Maturing in 2019 | Maturing in 2020 | Maturing in 2021 | Maturing in 2022 | Maturing in 2023 | Maturing in 2024 | Maturing in 2025 | Maturing in 2026 | Maturing in 2027 | Maturing in 2028 | Maturing in 2029 | Maturing in 2030 and beyond | Total corporate & government securities | Asset-backed securities | Commercial mortgage-backed securities | Residential mortgage-backed securities | Total fixed maturities |"}
{"_id": "d8d34d7d0", "title": "", "text": "| Year Ended December 31 | 2005 | (In thousands) | Revenues | Expenses | Income taxes (benefit) | Net income (loss) |"}
{"_id": "d86d96f72", "title": "", "text": "| 2006 2005 2004 | (Dollars in millions) | Net sales | % change compared with prior year | Segment profit | % change compared with prior year |"}
{"_id": "d8d9ffa92", "title": "", "text": "| 2008 2007 2006 | Risk-free interest rate | Expected life (years) | Expected dividend yield | Volatility | Weighted Average Black-Scholes fair value per share at date of grant |"}
{"_id": "d899e3bac", "title": "", "text": "In connection with the Internal Revenue Service’s (IRS) examination of Ball’s consolidated income tax returns for the tax years 2000 through 2004, the IRS has proposed to disallow Ball’s deductions of interest expense incurred on loans under a company-owned life insurance plan that has been in place for more than 20 years.\nBall believes that its interest deductions will be sustained as filed and, therefore, no provision for loss has been recorded.\nThe total potential liability for the audit years 1999 through 2004, unaudited year 2005 and an estimate of the impact on 2006 is approximately $31 million, excluding related interest.\nThe IRS has withdrawn its proposed adjustments for any penalties.\nSee Note 13 accompanying the consolidated financial statements within Item 8 of this Annual Report.\nResults of Equity Affiliates Equity in the earnings of affiliates in 2006 is primarily attributable to our 50 percent ownership in packaging investments in the U. S.  and Brazil.\nEarnings in 2004 included the results of a minority-owned aerospace business, which was sold in October 2005, and a $15.2 million loss representing Ball’s share of a provision for doubtful accounts relating to its 35 percent interest in Sanshui JFP (discussed above in “Metal Beverage Packaging, Europe/Asia”).\nAfter consideration of the PRC loss, earnings were $14.7 million in 2006 compared to $15.5 million in 2005 and $15.8 million in 2004.\nCRITICAL AND SIGNIFICANT ACCOUNTING POLICIES AND NEW ACCOUNTING PRONOUNCEMENTS For information regarding the company’s critical and significant accounting policies, as well as recent accounting pronouncements, see Note 1 to the consolidated financial statements within Item 8 of this report.\nFINANCIAL CONDITION, LIQUIDITY AND CAPITAL RESOURCES Cash Flows and Capital Expenditures Cash flows from operating activities were $401.4 million in 2006 compared to $558.8 million in 2005 and $535.9 million in 2004.\nManagement internally uses a free cash flow measure: (1) to evaluate the company’s operating results, (2) for planning purposes, (3) to evaluate strategic investments and (4) to evaluate the company’s ability to incur and service debt.\nFree cash flow is not a defined term under U. S.  generally accepted accounting principles, and it should not be inferred that the entire free cash flow amount is available for discretionary expenditures.\nThe company defines free cash flow as cash flow from operating activities less additions to property, plant and equipment (capital spending).\nFree cash flow is typically derived directly from the company’s cash flow statements; however, it may be adjusted for items that affect comparability between periods.\nAn example of such an item included in 2006 is the property insurance proceeds for the replacement of the fire-damaged assets in our Hassloch, Germany, plant, which is included in capital spending amounts.\nBased on this, our consolidated free cash flow is summarized as follows:"}
{"_id": "d89c381b4", "title": "", "text": "| 2010 2009 | Remaining net rentals | Estimated unguaranteed residual value | Non-recourse mortgage debt | Unearned and deferred income | Net investment in leveraged lease |"}
{"_id": "d8641ce24", "title": "", "text": "| December 31, 2009 | Cost or Amortized Cost | Less than | 20% | (In millions, except number of securities) | Fixed Maturity Securities: | Less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Twelve months or greater | Total | Percentage of cost or amortized cost | Equity Securities: | Less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Twelve months or greater | Total | Percentage of cost | December 31, 2008 | Cost or Amortized Cost | Less than | 20% | (In millions, except number of securities) | Fixed Maturity Securities: | Less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Twelve months or greater | Total | Percentage of cost or amortized cost | Equity Securities: | Less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Twelve months or greater | Total | Percentage of cost |"}
{"_id": "d878c12ee", "title": "", "text": "| PaymentDate Amountper Share TotalAmount (in millions) | 2015 | 2016 | 2017 |"}
{"_id": "d85fff3a0", "title": "", "text": "| Years Ended | September 30, 2006 | Amount | Total Revenues | Operating Income (Loss) |"}
{"_id": "d88540312", "title": "", "text": "| Year Ended December 31, 2014 Year Ended December 31, 2013 | Dollars inMillions | Net sales | Cost of sales | Gross profit | Selling and administrative expenses | Advertising expense | Income from operations | Interest expense, net | Net loss on extinguishments of long-term debt | Other income, net | Income before income taxes | Income tax expense | Net income |"}
{"_id": "d8ac2a586", "title": "", "text": "| Period Total Number of Shares Purchased-1 Average Price Paid per Share Total Number of Shares Purchased as Part of  Publicly Announced  Plans or Programs Approximate Dollar Value of Shares that May Yet be PurchasedUnder the Plans or Programs  (in millions) | October 2010 | November 2010 | December 2010 | Total Fourth Quarter |"}
{"_id": "d89aa944c", "title": "", "text": "Our foreign earnings are generally subject to lower statutory tax rates than our United States earnings.\nOur provision for income taxes for the fiscal year ended December 31, 2016 is primarily attributable to federal, state and foreign income taxes on our fiscal 2016 income and includes the tax benefit resulting from the permanent reinstatement of the United States research tax credit in December 2015.\nOur provision for income taxes for the fiscal year ended December 31, 2016 includes $17.2 million of tax benefit related to stock-based compensation that vested or settled during the period.\nOur provision for income taxes for the fiscal year ended January 2, 2016 was primarily attributable to federal, state and foreign income taxes on our fiscal 2015 income, which was partially offset by $13.8 million of tax benefit related to the effective settlement of a tax examination of a foreign subsidiary.\nOur provision for income taxes included a tax benefit of $10.1 million resulting from the enactment of the United States research tax credit in December 2015.\nOur provision for income taxes for the fiscal year ended January 3, 2015 primarily resulted from federal, state and foreign income taxes on our fiscal 2014 income.\nOur provision for income taxes included a tax benefit of $8.1 million resulting from the enactment of the United States research tax credit in December 2014.\nOur future effective tax rates may be materially impacted by tax amounts associated with our foreign earnings at rates different from the United States federal statutory rate, research credits, the tax impact of stock-based compensation, accounting for uncertain tax positions, business combinations, closure of statutes of limitations or settlement of tax audits, changes in valuation allowance and changes in tax law.\nA significant amount of our foreign earnings is generated by our subsidiaries organized in Ireland and Hungary.\nOur future effective tax rates may be adversely affected if our earnings were to be lower in countries where we have lower statutory tax rates or if we were to repatriate certain foreign earnings on which United States taxes have not been previously accrued.\nWe currently expect that our fiscal 2017 effective tax rate will be similar to our fiscal 2016 effective tax rate.\nFor additional discussion about how our effective tax rate could be affected by various risks, see Part I, Item 1A, “Risk Factors.\n” For further discussion regarding our income taxes, see Note 10 in the notes to consolidated financial statements."}
{"_id": "d8ea045aa", "title": "", "text": "Comparable?Systemwide North American Properties"}
{"_id": "d8b8ccece", "title": "", "text": "KCP&L Utility Gross Margin and MWh Sales The following table summarizes KCP&L's utility gross margin and MWhs sold."}
{"_id": "d815116fe", "title": "", "text": "ACQUISITIONS AND DISPOSITIONS 2005 Acquisitions During the third quarter, we purchased from CTF Holdings Ltd.  and certain of its affiliates (collectively CTF) 13 properties (in each case through a purchase of real estate, a purchase of the entity that owned the hotel, or an assignment of CTFs leasehold rights) and certain joint venture interests from CTF for an aggregate price of $381 million.\nPrior to the sale, all of the properties were operated by us or our subsidiaries.\nWe plan to sell eight of the properties we have purchased to date to third-party owners, and the balances related to these full-service properties are classified within the Assets held for sale and Liabilities of assets held for sale captions in our Consolidated Balance Sheet.\nOne operating lease has terminated.\nWe operate the four remaining properties under leases, three of which expire by 2012.\nUnder the purchase and sale agreement we signed with CTF in the second quarter of 2005, we remain obligated to purchase two additional properties for $17 million, the acquisition of which was postponed pending receipt of certain third-party consents.\nOn the closing date we and CTF also modified management agreements on 29 other CTF-leased hotels, 28 located in Europe and one located in the United States.\nWe became secondarily liable for annual rent payments for certain of these hotels when we acquired the Renaissance Hotel Group N. V.  in 1997.\nWe continue to manage 16 of these hotels under new long-term management agreements; however, due to certain provisions in the management agreements, we account for these contracts as operating leases.\nCTF placed approximately $89 million in trust accounts to cover possible shortfalls in cash flow necessary to meet rent payments under these leases.\nIn turn, we released CTF from its guarantees in connection with these leases.\nApproximately $79 million remained in these trust accounts at the end of 2005.\nOur financial statements reflect us as lessee on these hotels.\nMinimum lease payments relating to these leases are as follows: $32 million in 2006; $33 million in 2007; $33 million in 2008; $33 million in 2009; $33 million in 2010; and $231 million thereafter, for a total of $395 million.\nFor the remaining 13 European leased hotels, CTF may terminate management agreements with us if and when CTF obtains releases from landlords of our back-up guarantees.\nPending completion of the CTF-landlord agreements, we continue to manage these hotels under modified management agreements and remain secondarily liable We compute the effect of dilutive securities using the treasury stock method and average market prices during the period.\nWe determine dilution based on earnings from continuing operations.\nIn accordance with FAS No.128, ¡°Earnings per Share,¡± we did not include the following stock options in our calculation of diluted earnings per share because the option exercise prices were greater than the average market price for our Class A Common Stock for the applicable period: (a) for 2005, no stock options; (b) for 2004, no stock options; and (c) for 2003, 5.7 million stock options."}
{"_id": "d8751623e", "title": "", "text": "NOTE CDIVESTITURES In January 2011, we closed the sale of our Neurovascular business to Stryker Corporation for a purchase price of $1.500 billion in cash.\nAt the time of divestiture, due to our continuing involvement in the operations of the Neurovascular business following the transaction, the divestiture did not meet the criteria for pre sentation as a discontinued operation.\nOur sales related to our divested Neurovascular business have declined as the various transition services and supply agreements have terminated.\nWe recorded a gain of $12 million during 2014 associated with the transaction and we recorded revenue related to the Neurovascular business following its divestiture of $4 million in 2014."}
{"_id": "d8202fc16", "title": "", "text": "| 2015 2014 | (in millions) | Individual annuities | Group annuities | Guaranteed investment contracts and guaranteed interest accounts | Funding agreements | Interest-sensitive life contracts | Dividend accumulation and other | Total policyholders’ account balances |"}
{"_id": "d8dcbefc6", "title": "", "text": "Goodwill additions for 2006 in our ONEOK Partners segment include $7.5 million related to the consolidation of Guardian Pipeline, of which $5.7 million relates to the purchase of the 66-2/3 percent interest not previously owned by ONEOK Partners, and $2.1 million related to the incremental 1 percent acquisition in an affiliate that was previously accounted for under the equity method.\nFollowing ONEOK Partners acquisition of the additional 1 percent interest, we began consolidating the entity."}
{"_id": "d8dfa1694", "title": "", "text": "policies and procedures, multiple independent sources of information are obtained for forward price curves used to value commodity derivatives.\nFair value and changes in fair value of commodity derivatives are reported on a monthly basis to the Companies’ risk committees, comprised of officers and employees of the Companies that oversee energy hedging at the Utilities and the Clean Energy Businesses.\nThe risk management group reports to the Companies’ Vice President and Treasurer"}
{"_id": "d820741cc", "title": "", "text": "Stock Performance Graph The following graph compares the most recent five-year performance of the Companys common stock with (1) the Standard & Poors (S&P) 500?\nIndex, (2) the S&P 500?\nMaterials Index, a group of 25 companies categorized by Standard & Poors as active in the materials market sector, (3) the S&P Aerospace & Defense Select Industry Index, a group of 33 companies categorized by Standard & Poors as active in the aerospace & defense industry and (4) the S&P 500?\nIndustrials Index, a group of 69 companies categorized by Standard & Poors as active in the industrials market sector.\nThe graph assumes, in each case, an initial investment of $100 on December 31, 2013, and the reinvestment of dividends.\nHistorical prices prior to the separation of Alcoa Corporation from the Company on November 1, 2016, have been adjusted to reflect the value of the Separation transaction.\nThe graph, table and related information shall not be deemed to be filed with the SEC, nor shall such information be incorporated by reference into future filings under the Securities Act of 1933 or Securities Exchange Act of 1934, each as amended, except to the extent that the Company specifically incorporates it by reference into such filing.\nPlease note that the Company intends to replace the S&P 500?\nMaterials Index with the S&P Aerospace & Defense Select Industry Index and the S&P 500?\nIndustrials Index in subsequent stock performance graphs.\nWe believe that the companies and industries represented in the S&P Aerospace & Defense Select Industry Index and the S&P 500?\nIndustrials Index better reflect the markets in which the Company currently participates.\nAll three indices are represented in the graph below."}
{"_id": "d89710db2", "title": "", "text": "| Payments Due in Less  Than1 Year Payments Due in  1-3  Years Payments  Due in  4-5  Years Payments Due in More  Than5 Years Total | Long-term debt | Operating leases | Purchase obligations | Other obligations | Total |"}
{"_id": "d8953dfda", "title": "", "text": "| Year Ended December | $ in millions | Allowance for loan losses | Beginning balance | Charge-offs | Provision | Other | Ending balance | Allowance for losses on lendingcommitments | Beginning balance | Provision | Other | Ending balance |"}
{"_id": "d8ced73b8", "title": "", "text": "| Net sales $45,366 | Net earnings | Basic earnings per common share | Diluted earnings per common share |"}
{"_id": "d8992fa26", "title": "", "text": "| Shares Under Weighted Average Weighted   Average   Remaining   Contractual   Term  (Years) Aggregate   Intrinsic   Value -1  (In millions) | Option | Outstanding at January 1, 2010 | Granted -2 | Exercised | Expired | Forfeited | Outstanding at December 31, 2010 | Aggregate number of stock options expected to vest at December 31, 2010 | Exercisable at December 31, 2010 |"}
{"_id": "d89ee5e3e", "title": "", "text": "| Final Purchase Price Allocation | Non-current assets | Property and equipment | Intangible assets -1 | Other non-current liabilities | Fair value of net assets acquired | Goodwill -2 | Fiscal Year | 2006 | (Thousands of dollars and shares except per share data and ratios) | Statement of Earnings Data: | Net revenues | Net earnings before cumulative effect of accounting change | Per Common Share Data: | Earnings before cumulative effect of accounting change | Basic | Diluted | Cash dividends declared | Balance Sheet Data: | Total assets | Total long-term debt | Ratio of Earnings to Fixed Charges-1 | Weighted Average Number of Common Shares: | Basic | Diluted |"}
{"_id": "d8f26f672", "title": "", "text": "McKESSON CORPORATION FINANCIAL NOTES (Continued) 86 The following table represents a reconciliation of Level 3 plan assets held during the years ended March 31, 2012 and 2011:"}
{"_id": "d8ded0166", "title": "", "text": "| 2010 2009 2008 | Cost of revenues | Research and development | Selling and marketing | General and administrative | Restructuring charge | $34,160 |"}
{"_id": "d8ba7ffd2", "title": "", "text": "| Years Ended December 31, | 2009 | (in millions, except percentages) | Revenues | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest and debt expense | General and administrative expense | Total expenses | Pretax loss |"}
{"_id": "d873b5818", "title": "", "text": "| (In Millions) | 2003 net revenue | Volume/weather | Net wholesale revenue | Summer capacity charges | Price applied to unbilled sales | Fuel recovery revenues | Other | 2004 net revenue |"}
{"_id": "d8903847c", "title": "", "text": "| Years Ended December 31, | 2010 | (In millions) | Investment return | Separate account balances | Net investment gain (loss) | Expense | In-force/Persistency | Policyholder dividends and other | Total |"}
{"_id": "d884a1410", "title": "", "text": "Valuation Adjustments on Derivatives The Corporation records credit risk valuation adjustments on derivatives in order to properly reflect the credit quality of the counterparties and its own credit quality.\nThe Corporation calculates valuation adjustments on derivatives based on a modeled expected exposure that incorporates current market risk factors.\nThe exposure also takes into consideration credit mitigants such as enforceable master netting agreements and collateral.\nCDS spread data is used to estimate the default probabilities and severities that are applied to the exposures.\nWhere no observable credit default data is available for counterparties, the Corporation uses proxies and other market data to estimate default probabilities and severity.\nValuation adjustments on derivatives are affected by changes in market spreads, non-credit related market factors such as interest rate and currency changes that affect the expected exposure, and other factors like changes in collateral arrangements and partial payments.\nCredit spreads and non-credit factors can move independently.\nFor example, for an interest rate swap, changes in interest rates may increase the expected exposure, which would increase the counterparty credit valuation adjustment (CVA).\nIndependently, counterparty credit spreads may tighten, which would result in an offsetting decrease to CVA.\nThe Corporation early adopted, retrospective to January 1, 2015, the provision of new accounting guidance issued in January 2016 that requires the Corporation to record unrealized DVA resulting from changes in the Corporations own credit spreads on liabilities accounted for under the fair value option in accumulated OCI.\nThis new accounting guidance had no impact on the accounting for DVA on derivatives.\nFor additional information, see New Accounting Pronouncements in Note 1  Summary of Significant Accounting Principles.\nIn 2014, the Corporation implemented a funding valuation adjustment (FVA) into valuation estimates primarily to include funding costs on uncollateralized derivatives and derivatives where the Corporation is not permitted to use the collateral it receives.\nThe change in estimate resulted in a net pretax FVA charge of $497 million, at the time of implementation, including a charge of $632 million related to funding costs, partially offset by a funding benefit of $135 million, both related to derivative asset exposures.\nThe net FVA charge was recorded as a reduction to sales and trading revenue in Global Markets.\nThe Corporation calculates this valuation adjustment based on modeled expected exposure profiles discounted for the funding risk premium inherent in these derivatives.\nFVA related to derivative assets and liabilities is the effect of funding costs on the fair value of these derivatives.\nThe Corporation enters into risk management activities to offset market driven exposures.\nThe Corporation often hedges the counterparty spread risk in CVA with CDS.\nThe Corporation hedges other market risks in both CVA and DVA primarily with currency and interest rate swaps.\nIn certain instances, the net-of-hedge amounts in the table below move in the same direction as the gross amount or may move in the opposite direction.\nThis is a consequence of the complex interaction of the risks being hedged resulting in limitations in the ability to perfectly hedge all of the market exposures at all times.\nThe table below presents CVA, DVA and FVA gains (losses) on derivatives, which are recorded in trading account profits, on a gross and net of hedge basis for 2015, 2014 and 2013.\nCVA gains reduce the cumulative CVA thereby increasing the derivative assets balance.\nDVA gains increase the cumulative DVA thereby decreasing the derivative liabilities balance.\nCVA and DVA losses have the opposite impact.\nFVA gains related to derivative assets reduce the cumulative FVA thereby increasing the derivative assets balance.\nFVA gains related to derivative liabilities increase the cumulative FVA thereby decreasing the derivative liabilities balance."}
{"_id": "d8bfe62b4", "title": "", "text": "| Year Ended December 31, | 2007 | Common stock shares issued | Shares at beginning of period | Exercise of common stock options | Restricted stock awards, net of forfeitures | Shares at end of period | Treasury stock | Shares at beginning of period | Shares repurchased | Rabbi trust shares sold | Shares at end of period | Accumulated Other Comprehensive Loss | Oil and Gas Cash Flow Hedges | (in thousands) | December 31, 2004 | Cash flow hedges | Realized amounts reclassified into earnings | Unrealized amounts reclassified into earnings | Unrealized change in fair value | Net change in minimum pension liability and other | December 31, 2005 | Cash flow hedges | Realized amounts reclassified into earnings | Unrealized amounts reclassified into earnings | Unrealized change in fair value | Net change in minimum pension liability and other | Adoption of SFAS 158 | December 31, 2006 | Cash flow hedges | Realized amounts reclassified into earnings | Unrealized change in fair value | Net change in other | December 31, 2007 |"}
{"_id": "d810cc698", "title": "", "text": "| 2005 2006 2007 2008 2009 | Non-Utility Nuclear: | Percent of capacity sold forward: | Bundled capacity and energy contracts | Capacity contracts | Total | Planned net MW in operation | Average capacity contract price per kW per month | Blended Capacity and Energy (based on revenues) | % of planned generation and capacity sold forward | Average contract revenue per MWh |"}
{"_id": "d8b5b9426", "title": "", "text": "| Twelve Months Ended | (millions of dollars) | Operating revenues | Purchased power | Net revenues | Operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Electric operating income |"}
{"_id": "d8ce2f2e4", "title": "", "text": "| 2008 2007 | Commercial Mortgage Pass-Through Certificates, Series 2007-1 | Revolving credit facility | Term loan | 7.25% senior subordinated notes | 7.50% senior notes | 7.125% senior notes | 7.00% senior notes | 5.0% convertible notes | 3.25% convertible notes | 3.00% convertible notes | Other convertible notes | Notes payable and capital leases | Total | Less current portion of long-term obligations | Long-term obligations |"}
{"_id": "d8b5f3f04", "title": "", "text": "| At or for the year ended December 31 | Dollars in millions, except as noted | BALANCESHEETHIGHLIGHTS | Assets | Loans | Allowance for loan and lease losses | Interest-earning deposits with banks | Investment securities | Loans held for sale | Goodwill and other intangible assets | Equity investments (c) | Noninterest-bearing deposits | Interest-bearing deposits | Total deposits | Borrowed funds (d) | Shareholders’ equity | Common shareholders’ equity | ASSETSUNDERADMINISTRATION(billions) | Discretionary assets under management (e) | Nondiscretionary assets under management | Total assets under administration | SELECTEDRATIOS | From continuing operations | Noninterest income to total revenue | Efficiency | From net income | Net interest margin (f) | Return on | Average common shareholders’ equity | Average assets | Loans to deposits | Dividend payout | Tier 1 risk-based | Tier 1 common | Common shareholders’ equity to total assets | Average common shareholders’ equity to average assets | SELECTEDSTATISTICS | Employees | Retail Banking branches | ATMs | Residential mortgage servicing portfolio (billions) | Commercial mortgage servicing portfolio (billions) |"}
{"_id": "d8953261c", "title": "", "text": "| Years Ended September 30, | 2003* | Interest income: | QSI | Corporate and other segments | Interest expense | Net realized gains on investments: | QSI | Corporate | Other-than-temporary losses on marketable securities | Other-than-temporary losses on other investments | Losses on derivative instruments | Minority interest in income of consolidatedsubsidiaries | Equity in losses of investees | $-8 |"}
{"_id": "d8e728020", "title": "", "text": "| As of December | $ in millions | Total assets | Unsecured long-term borrowings | Total shareholders’ equity | Leverage ratio | Debt to equity ratio |"}
{"_id": "d8bb576a8", "title": "", "text": "| December 31, (in millions) 2012 2011 | Nonaccrual loans(b) | Home equity – senior lien | Home equity – junior lien | Prime mortgage, including option ARMs | Subprime mortgage | Auto | Business banking | Student and other | Total nonaccrual loans | Assets acquired in loan satisfactions | Real estate owned | Other | Total assets acquired in loan satisfactions | Total nonperforming assets |"}
{"_id": "d8cc029a8", "title": "", "text": "In October 2003, we expanded our private equity investment management services in emerging markets when we acquired all of the remaining outstanding shares of Darby Overseas Investments, Ltd.  and all of the remaining outstanding limited partnership interests of Darby Overseas Partners, L. P.  (collectively, \n“Darby”), in which we previously held a partial interest.\nDarby, based in Washington, D. C. , sponsors and manages funds for institutional investors and high net-worth individuals that invest primarily in emerging markets through private equity, private debt and infrastructure investment transactions, including regional and specialized sector funds.\nIn July 2006, we expanded our business in Brazil when we completed the purchase of all of the remaining interests in a Brazilian investment management company, Bradesco Templeton Asset Management Ltda.\n, in which we previously held a partial interest.\nThe company has been renamed Franklin Templeton Investimentos (Brasil) Ltda.\nand provides investment management services.\nIn January 2011, we acquired all of the outstanding shares of a specialty United Kingdom (“U.\nK. ”) equity manager, Rensburg Fund Management Limited (“Rensburg”).\nRensburg has been renamed Franklin Templeton Fund Management Limited and serves as a U. K. -based equity manager.\nIn July 2011, we expanded our business in Australia when we acquired all of the outstanding shares of a specialty Australian equity manager, Balanced Equity Management Pty.\nLimited, which provides investment management services.\nIn November 2012, we acquired approximately 69% of the equity of K2 Advisors Holdings LLC (“K2”), a hedge funds solutions provider, and agreed to acquire K2’s remaining equity interests over a multi-year period beginning in 2017.\nAs of September 30, 2017, we owned approximately 83% of K2’s equity.\nOUR INVESTMENT MANAGEMENT BUSINESS We are committed to providing active investment management and strategic advice.\nThrough our SIPs, we serve a variety of retail, institutional and high net-worth clients in regions and jurisdictions worldwide.\nWe derive our revenues and net income from providing investment management and related services to our SIPs and the sub-advised products that we service.\nOur investment management fees, which represent the majority of our revenues, depend to a large extent on the level and mix of our AUM and the types of services provided.\nSales and distribution fees, also a significant source of our revenues, consist of sales charges and commissions derived from sales and distribution of our SIPs.\nOur business is conducted through our subsidiaries, including those registered with the U. S.  Securities and Exchange Commission (the “SEC”) as investment advisers under the Investment Advisers Act of 1940 (the “Advisers Act”), subsidiaries registered as investment adviser equivalents in jurisdictions including Australia, Brazil, Canada, Hong Kong, India, Japan, Luxembourg, Malaysia, Mexico, Singapore, South Korea, The Bahamas, the United Arab Emirates, the U. K. , and certain other subsidiaries.\nAUM by Investment Objective We offer a broad product mix under our equity, multi-asset/balanced, fixed income and cash management investment objectives and solutions.\nOur fees for providing investment management services are generally based on a percentage of the market value of AUM in the accounts that we advise, the investment objectives of the accounts and the types of services that we provide for the accounts.\nAs of September 30, 2017, AUM by investment objective on a worldwide basis was as follows:"}
{"_id": "d82a64f1a", "title": "", "text": "The purchased power capacity variance is due to changes in the purchased power capacity costs included in the calculation in 2007 compared to 2006 used to bill generation costs between Entergy Texas and Entergy Gulf States Louisiana.\nThe securitization transition charge variance is due to the issuance of securitization bonds.\nAs discussed above, in June 2007, EGSRF I, a company wholly-owned and consolidated by Entergy Texas, issued securitization bonds and with the proceeds purchased from Entergy Texas the transition property, which is the right to recover from customers through a transition charge amounts sufficient to service the securitization bonds.\nSee Note 5 to the financial statements herein for details of the securitization bond issuance.\nThe volume/weather variance is due to increased electricity usage on billed retail sales, including the effects of more favorable weather in 2007 compared to the same period in 2006.\nThe increase is also due to an increase in usage during the unbilled sales period.\nRetail electricity usage increased a total of 139 GWh in all sectors.\nSee \"Critical Accounting Estimates\" below and Note 1 to the financial statements for further discussion of the accounting for unbilled revenues.\nThe transmission revenue variance is due to an increase in rates effective June 2007 and new transmission customers in late 2006.\nThe base revenue variance is due to the transition to competition rider that began in March 2006.\nRefer to Note 2 to the financial statements for further discussion of the rate increase."}
{"_id": "d89392eec", "title": "", "text": "| Pension Benefits | U.S. Plans | 2013 | Weighted-average discount rate | Weighted-average rate of increase in compensation levels |"}
{"_id": "d8de98252", "title": "", "text": "| Shares (in thousands) Weighted- Average Grant Date Fair Value | Non-vested at December 31, 2006: | Issued | Released (vested) | Canceled | Non-vested at December 31, 2007: |"}
{"_id": "d8a796a7e", "title": "", "text": "| 2013 2012 2011 | Expected life (years) | Risk-free interest rate | Expected volatility | Expected dividend yield | Remaining | Number of | Shares | Outstanding at December 31, 2010 | Granted | Canceled | Exercised | Outstanding at December 31, 2011 | Granted | Canceled | Exercised | Outstanding at December 31, 2012 | Granted | Canceled | Exercised | Outstanding at December 31, 2013 | Exercisable at December 31, 2013 |"}
{"_id": "d818cb592", "title": "", "text": "| Year Ended December 31 2016 2015 2014 | (In millions) | Revenues: | Other revenue, primarily operating | Net investment income | Total | Expenses: | Operating | Interest | Total | Income before income tax | Income tax expense | Amounts attributable to noncontrolling interests | Net income attributable to Loews Corporation |"}
{"_id": "d8823b1a8", "title": "", "text": "Notes to Consolidated Financial Statements (continued) As of 2012 year end there was $10.2 million of unrecognized compensation cost related to non-vested stock option compensation arrangements that is expected to be recognized as a charge to earnings over a weighted-average period of 1.8 years.\nPerformance Awards Performance awards, which are granted as performance share units and performance-based RSUs, are earned and expensed using the fair value of the award over a contractual term of three years based on the companys performance.\nVesting of the performance awards is dependent upon performance relative to pre-defined goals for revenue growth and return on net assets for the applicable performance period.\nFor performance achieved above a certain level, the recipient may earn additional shares of stock, not to exceed 100% of the number of performance awards initially granted.\nThe performance share units have a three year performance period based on the results of the consolidated financial metrics of the company.\nThe performance-based RSUs have a one year performance period based on the results of the consolidated financial metrics of the company followed by a two year cliff vesting schedule.\nThe fair value of performance awards is calculated using the market value of a share of Snap-ons common stock on the date of grant.\nThe weighted-average grant date fair value of performance awards granted during 2012, 2011 and 2010 was $60.00, $55.97 and $41.01, respectively.\nVested performance share units approximated 213,000 shares as of 2012 year end and 54,208 shares as of 2011 year end; there were no vested performance share units as of 2010 year end.\nPerformance share units of 53,990 shares were paid out in 2012; no performance share units were paid out in 2011 or 2010.\nEarned performance share units are generally paid out following the conclusion of the applicable performance period upon approval by the Organization and Executive Compensation Committee of the companys Board of Directors (the Board).\nBased on the companys 2012 performance, 95,047 RSUs granted in 2012 were earned; assuming continued employment, these RSUs will vest at the end of fiscal 2014.\nBased on the companys 2011 performance, 159,970 RSUs granted in 2011 were earned; assuming continued employment, these RSUs will vest at the end of fiscal 2013.\nBased on the companys 2010 performance, 169,921 RSUs granted in 2010 were earned; these RSUs vested as of fiscal 2012 year end and were paid out shortly thereafter.\nAs a result of employee retirements, 2,706 of the RSUs earned in 2010 vested pursuant to the terms of the related award agreements and were paid out in the first quarter of 2011."}
{"_id": "d89aa94b0", "title": "", "text": "| As of Change | December 31,2016 | (In millions) | Cash, cash equivalents and short-term investments | Net working capital |"}
{"_id": "d8784315a", "title": "", "text": "| 2017 2016 2015 | Balance at beginning of year | Gross increases in prior period tax positions | Gross decreases in prior period tax positions | Gross increases in current period tax positions | Decreases related to settlements with tax authorities | Decreases from the expiration of statute of limitations | Balance at end of year |"}
{"_id": "d86a2e556", "title": "", "text": "| 2016 $36.7 | 2017 | 2018 | 2019 | 2020 | Thereafter | Total |"}
{"_id": "d8f3d3996", "title": "", "text": "AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Mexico LitigationOne of the Companys subsidiaries, SpectraSite Communications, Inc.  (SCI), is involved in a lawsuit brought in Mexico against a former Mexican subsidiary of SCI (the subsidiary of SCI was sold in 2002, prior to the Companys merger with SCIs parent in 2005).\nThe lawsuit concerns a terminated tower construction contract and related agreements with a wireless carrier in Mexico.\nThe primary issue for the Company is whether SCI itself can be found liable to the Mexican carrier.\nThe trial and lower appellate courts initially found that SCI had no such liability in part because Mexican courts do not have the necessary jurisdiction over SCI.\nFollowing several decisions by Mexican appellate courts, including the Supreme Court of Mexico, and related appeals by both parties, an intermediate appellate court issued a new decision that would, if enforceable, reimpose liability on SCI in September 2010.\nIn its decision, the intermediate appellate court identified potential damages of approximately $6.7 million, and on October 14, 2010, the Company filed a new constitutional appeal to again dispute the decision.\nAs a result, at this stage of the proceeding, the Company is unable to determine whether the liability imposed on SCI by the September 2010 decision will survive or to estimate its share, if any, of that potential liability if the decision survives the pending appeal.\nXCEL LitigationOn June 3, 2010, Horse-Shoe Capital (Horse-Shoe), a company formed under the laws of the Republic of Mauritius, filed a complaint in the Supreme Court of the State of New York, New York County, with respect to Horse-Shoes sale of XCEL to American Tower Mauritius (AT Mauritius), the Companys wholly-owned subsidiary formed under the laws of the Republic of Mauritius.\nThe complaint names AT Mauritius, ATI and the Company as defendants, and the dispute concerns the timing and amount of distributions to be made by AT Mauritius to Horse-Shoe from a $7.5 million holdback escrow account and a $15.7 million tax escrow account, each established by the transaction agreements at closing.\nThe complaint seeks release of the entire holdback escrow account, plus an additional $2.8 million, as well as the release of approximately $12.0 million of the tax escrow account.\nThe complaint also seeks punitive damages in excess of $69.0 million.\nThe Company filed an answer to the complaint in August 2010, disputing both the amounts alleged to be owed under the escrow agreements as well as the timing of the escrow distributions.\nThe Company also asserted in its answer that the demand for punitive damages is meritless.\nThe parties have filed cross-motions for summary judgment concerning the release of the tax escrow account and in January 2011 the court granted the Companys motion for summary judgment, finding no obligation for the Company to release the disputed portion of the tax escrow until 2013.\nOther claims are pending.\nThe Company is vigorously defending the lawsuit."}
{"_id": "d8e2e8956", "title": "", "text": "NOTE 9.\nACQUISITIONS For each of the acquisitions described below, the results of operations and the estimated fair value of the assets acquired and liabilities assumed have been included in Cadence’s Consolidated Financial Statements from the date of the acquisition.\nComparative pro forma financial information for all 2007, 2006 and 2005 acquisitions have not been presented because the results of operations were not material to Cadence’s Consolidated Financial Statements.2007 Acquisitions During 2007, Cadence acquired Invarium, Inc. , a San Jose-based developer of advanced lithography-modeling and pattern-synthesis technology, and Clear Shape Technologies, Inc. , a San Jose-based design for manufacturing technology company specializing in design-side solutions to minimize yield loss for advanced semiconductor integrated circuits.\nCadence acquired these two companies for an aggregate purchase price of $75.5 million, which included the payment of cash, the fair value of assumed options and acquisition costs.\nThe $45.7 million of goodwill recorded in connection with these acquisitions is not expected to be deductible for income tax purposes.\nPrior to acquiring Clear Shape Technologies, Inc. , Cadence had an investment of $2.0 million in the company, representing a 12% ownership interest, which had been accounted for under the cost method of accounting.\nIn accordance with SFAS No.141, “Business Combinations,” Cadence accounted for this acquisition as a step acquisition.\nSubsequent adjustments to the purchase price of these acquired companies are included in the “Other” line of the changes of goodwill table in Note 10 below.2006 Acquisition In March 2006, Cadence acquired a company for an aggregate initial purchase price of $25.8 million, which included the payment of cash, the fair value of assumed options and acquisition costs.\nThe preliminary allocation of the purchase price was recorded as $17.4 million of goodwill, $9.4 million of identifiable intangible assets and $(1.0) million of net liabilities.\nThe $17.4 million of goodwill recorded in connection with this acquisition is not expected to be deductible for income tax purposes.\nSubsequent adjustments to the purchase price of this acquired company are included in the “Other” line of the changes of goodwill table in Note 10 below."}
{"_id": "d8366a4ea", "title": "", "text": "Non-GAAP Financial MeasureFunds From Operations (FFO) We believe"}
{"_id": "d889f77b6", "title": "", "text": "Income from Operations Income from operations increased by $110.7 million, or 45.8%, for the year ended December 31, 2009 compared to 2008 primarily attributable to the alternative fuel mixture tax credit of $168.4 million described in Note 15 to the consolidated financial statements.\nExcluding the alternative fuel mixture tax credit, income from operations decreased $57.8 million for full year 2009, which was primarily attributable to decreased sales prices of corrugated products and containerboard ($67.4 million), lower sales volume ($52.5 million) and increased labor and fringe benefit costs ($8.0 million), partially offset by decreased costs of energy ($24.5 million), transportation ($23.7 million), recycled fiber ($18.9 million) and wood fiber costs ($3.5 million)."}
{"_id": "d865d58b0", "title": "", "text": "| Year ended December 31, 2008 2007 | (in millions) | Loans: | Beginning balance at January 1, | Cumulative effect of change inaccounting principles(a) | Beginning balance at January 1, adjusted | Gross charge-offs | Gross recoveries | Net charge-offs | Provision for loan losses: | Provision excluding accounting conformity | Accounting conformity(b) | Total provision for loan losses | Acquired allowance resulting fromWashington Mutualtransaction | Other | Ending balance at December 31 | Components: | Asset-specific | Formula-based | Total allowance for loan losses | Lending-related commitments: | Beginning balance at January 1, | Provision for lending-related commitments | Provision excluding accounting conformity | Accounting conformity(b) | Total provision for lending-relatedcommitments | Acquired allowance resulting fromWashington Mutualtransaction | Other | Ending balance at December 31 | Components: | Asset-specific | Formula-based | Total allowance forlending-related commitments | Total allowance for credit losses | Allowance for loan losses to loans | Allowance for loan losses to loansexcludingpurchased credit-impaired loans | Net charge-off rates | Net charge-off rates excluding purchasedcredit-impaired loans |"}
{"_id": "d88916c52", "title": "", "text": "PART II Item 5.\nMarket for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.\nOur common stock is listed on Nasdaq under the ticker symbol KHC.\nAt June 5, 2019, there were approximately 49,000 holders of record of our common stock.\nSee Equity and Dividends in Item 7, Managements Discussion and Analysis of Financial Condition and Results of Operations, for a discussion of cash dividends declared on our common stock."}
{"_id": "d88d34ed8", "title": "", "text": "(1) Represents the total contract/notional amount of the derivatives outstanding and includes both short and long positions.\nThe table above presents the contract/notional amounts and credit risk amounts at December 31, 2007 and 2006 of all the Corporations derivative positions.\nThese derivative positions are primarily executed in the over-the-counter market.\nThe credit risk amounts take into consideration the effects of legally enforceable master netting agreements, and on an aggregate basis have been reduced by the cash collateral applied against derivative assets.\nAt December 31, 2007 and 2006, the cash collateral applied against derivative assets on the Consolidated Balance Sheet was $12.8 billion and $7.3 billion.\nIn addition, at December 31, 2007 and 2006, the cash collateral placed against derivative liabilities was $10.0 billion and $6.5 billion.\nALM Activities Interest rate contracts and foreign exchange contracts are utilized in the Corporations ALM activities.\nThe Corporation maintains an overall interest rate risk management strategy that incorporates the use of interest rate contracts to minimize significant fluctuations in earnings that are caused by interest rate volatility.\nThe Corporations goal is to manage interest rate sensitivity so that movements in interest rates do not significantly adversely affect net interest income.\nAs a result of interest rate fluctuations, hedged fixed-rate assets and liabilities appreciate or depreciate in market value.\nGains or losses on the derivative instruments that are linked to the hedged fixed-rate assets and liabilities are expected to substantially offset this unrealized appreciation or depreciation.\nInterest income and interest expense on hedged variable-rate assets and liabilities increase or decrease as a result of interest rate fluctuations.\nGains and losses on the derivative instruments that are linked to these hedged assets and liabilities are expected to substantially offset this variability in earnings.\nInterest rate contracts, which are generally non-leveraged generic interest rate and basis swaps, options and futures, allow the Corporation to manage its interest rate risk position.\nNon-leveraged generic interest rate swaps involve the exchange of fixed-rate and variable-rate interest payments based on the contractual underlying notional amount.\nBasis swaps involve the exchange of interest payments based on the contractual underlying notional amounts, where both the pay rate and the receive rate are floating rates based on different indices.\nOption products primarily consist of caps, floors and swaptions.\nFutures contracts used for the Corporations ALM activities are primarily index futures providing for cash payments based upon the movements of an underlying rate index.\nThe Corporation uses foreign currency contracts to manage the foreign exchange risk associated with certain foreign currency-denominated assets and liabilities, as well as the Corporations investments in foreign subsidiaries.\nForeign exchange contracts, which include spot and forward contracts, represent agreements to exchange the currency of one country for the currency of another country at an agreed-upon price on an agreedupon settlement date.\nExposure to loss on these contracts will increase or decrease over their respective lives as currency exchange and interest rates fluctuate.\nFair Value, Cash Flow and Net Investment Hedges The Corporation uses various types of interest rate and foreign exchange derivative contracts to protect against changes in the fair value of its assets and liabilities due to fluctuations in interest rates and exchange rates (fair value hedges).\nThe Corporation also uses these types of contracts to protect against changes in the cash flows of its assets and liabilities, and other forecasted transactions (cash flow hedges).\nDuring the next 12 months, net losses on derivative instruments included in accumulated OCI of approximately $1.3 billion ($820 million net-of-tax) are expected to be reclassified into earnings.\nThese net losses reclassified into earnings are expected to impact net interest income related to the respective hedged items."}
{"_id": "d89eb8ad8", "title": "", "text": "The following table presents the full range of imputed forward rates for U. S. Treasury Strips that was used in the binomial lattice model over the contractual term of all Stock Options granted in the period."}
{"_id": "d8157dc32", "title": "", "text": "| (In millions) North America EMEA Latin America APAC Total | 2017 Net Sales | Volume – Units | Price/mix-1 | Total organic change (non-U.S. GAAP) | Acquisition | Total constant dollar change (non-U.S. GAAP) | Foreign currency translation | Total change (U.S. GAAP) | 2018 Net Sales |"}
{"_id": "d889ff056", "title": "", "text": "The principal components of EOG's rollforward of valuation allowances for deferred tax assets were as follows (in thousands):\n(1) Increase in valuation allowance related to the generation of tax net operating losses and other deferred tax assets.\n(2) Decrease in valuation allowance associated with adjustments to certain deferred tax assets and their related allowance.\n(3) Represents dispositions/revisions/foreign exchange rate variances and the effect of statutory income tax rate changes.\nThe balance of unrecognized tax benefits at December 31, 2016, was $36 million, of which $2 million may potentially have an earnings impact.\nEOG records interest and penalties related to unrecognized tax benefits to its income tax provision.\nCurrently, $2 million of interest has been recognized in the Consolidated Statements of Income and Comprehensive Income.\nEOG does not anticipate that the amount of the unrecognized tax benefits will significantly change during the next twelve months.\nEOG and its subsidiaries file income tax returns and are subject to tax audits in the United States and various state, local and foreign jurisdictions.\nEOG's earliest open tax years in its principal jurisdictions are as follows: United States federal (2011), Canada (2012), United Kingdom (2015), Trinidad (2010) and China (2008).\nEOG's foreign subsidiaries' undistributed earnings of approximately $2 billion at December 31, 2016, are no longer considered to be permanently reinvested outside the United States and, accordingly, EOG has cumulatively recorded $280 million of United States federal, foreign and state deferred income taxes.\nEOG changed its permanent reinvestment assertion in 2014.\nIn 2016, EOG's alternative minimum tax (AMT) credits were reduced by $21 million mostly as a result of carry-back claims and certain elections.\nRemaining AMT credits of $758 million, resulting from AMT paid in prior years, will be carried forward indefinitely until they are used to offset regular income taxes in future periods.\nThe ability of EOG to utilize these AMT credit carryforwards to reduce federal income taxes may become subject to various limitations under the Internal Revenue Code.\nSuch limitations may arise if certain ownership changes (as defined for income tax purposes) were to occur.\nAs of December 31, 2016, EOG had state income tax net operating losses (NOLs) being carried forward of approximately $1.6 billion, which, if unused, expire between 2017 and 2035.\nDuring 2016, EOG's United Kingdom subsidiary incurred a tax NOL of approximately $38 million which, along with prior years' NOLs of $740 million, will be carried forward indefinitely.\nAs described above, these NOLs have been evaluated for the likelihood of future utilization, and valuation allowances have been established for the portion of these deferred tax assets that do not meet the \"more likely than not\" threshold.7."}
{"_id": "d86e8e218", "title": "", "text": "2017 Compared to 2016.\nRevenue in 2017 decreased by $86.3 million compared to 2016.\nIn 2017, advertising revenue decreased by 6% compared to 2016.\nThe substantial majority of our advertising revenue was generated from our owned and operated platform.\nAdvertising revenue generated from the sale of our advertising products on our owned and operated platform in 2017 was $1.90 billion as compared to $1.99 billion in 2016.\nAdvertising revenue generated from the sale of our advertising products placed on third-party publishers’ websites, applications and other offerings in 2017 was $211.2 million as compared to $260.2 million in 2016.\nThe decrease in advertising revenue from the sale of our advertising products placed on third-party publishers’ websites, applications and other offerings in 2017 was driven by significantly lower contribution from TellApart (which was deprecated in 2017), which was offset by strong performance from Twitter Audience Platform.\nTellApart revenue was $44.6 million in 2017, mainly in the first half of 2017, compared to $126.4 million in 2016.\nThe overall decrease in advertising revenue was primarily attributable to a 52% decrease in cost per ad engagement offset by a 96% increase in the number of ad engagements in 2017 compared to 2016.\nThe decrease in cost per ad engagement reflects a higher mix of video ad engagements (which have overall lower cost per ad engagement compared to other ad formats) and lower cost per ad engagement across the majority of ad formats compared to the fourth quarter of 2016.\nThe increase in ad engagements was driven by a continuing mix shift toward video ad impressions as well as higher clickthrough rates.\nAdvertising revenue continued to be driven by strong growth in our video ad formats offset by declines in traditional Promoted Tweet and direct response ad formats.\nIn 2017, data licensing and other revenue increased by 18% compared to 2016.\nA majority of the increase was attributable to growth in data licensing fees from the offering of data products.\nCost of Revenue Cost of revenue includes infrastructure costs, other direct costs including content costs, amortization of acquired intangible assets and amortization of capitalized labor costs for internally developed software, allocated facilities costs, as well as traffic acquisition costs, or TAC.\nInfrastructure costs consist primarily of data center costs related to our co-located facilities, which include lease and hosting costs, related support and maintenance costs and energy and bandwidth costs; as well as depreciation of servers and networking equipment; and personnel-related costs, including salaries, benefits and stock-based compensation, for our operations teams.\nTAC consists of costs we incur with third parties in connection with the sale to advertisers of our advertising products that we place on third-party publishers’ websites, applications or other offerings collectively resulting from acquisitions, and from our organically-built advertising network, Twitter Audience Platform.\nCertain of the elements of our cost of revenue are fixed, and cannot be reduced in the near term."}
{"_id": "d8b024a4c", "title": "", "text": "Tables of Contents 7.\nCurrent Liabilities Short-Term Debt Short-term debt at July 31, 2016 included $500 million of 5.75% senior unsecured notes due on March 15, 2017, less the unamortized discount.\nDuring the third quarter of fiscal 2017 we repaid those notes when they became due using cash from operations.\nWe paid $29 million in cash for interest on the notes during each of the twelve months ended July 31, 2017, July 31, 2016, and July 31, 2015.\nOn February 1, 2016 we entered into a master credit agreement with certain institutional lenders for a five-year credit facility in an aggregate principal amount of $1.5 billion.\nThe master credit agreement includes a $500 million unsecured term loan and a $1 billion unsecured revolving credit facility.\nAt July 31, 2017, $488 million was outstanding under the term loan, of which $50 million was classified as short-term debt.\nSee Note 8, “Long-Term Obligations and Commitments – Long-Term Debt,” for more information regarding the term loan.\nUnsecured Revolving Credit Facilities The master credit agreement we entered into on February 1, 2016 includes a $1 billion unsecured revolving credit facility that will expire on February 1, 2021.\nUnder the master credit agreement we may, subject to certain customary conditions, on one or more occasions increase commitments under the revolving credit facility in an amount not to exceed $250 million in the aggregate and may extend the maturity date up to two times.\nAdvances under the revolving credit facility accrue interest at rates that are equal to, at our election, either Bank of America's alternate base rate plus a margin that ranges from 0.0% to 0.5% or the London Interbank Offered Rate (LIBOR) plus a margin that ranges from 0.9% to 1.5%.\nActual margins under either election will be based on our senior debt credit ratings.\nThe master credit agreement includes customary affirmative and negative covenants, including financial covenants that require us to maintain a ratio of total debt to annual earnings before interest, taxes, depreciation and amortization (EBITDA) of not greater than 3.25 to 1.00 as of any date and a ratio of annual EBITDA to annual interest expense of not less than 3.00 to 1.00 as of the last day of each fiscal quarter.\nWe remained in compliance with these covenants at all times during the fiscal year ended July 31, 2017.\nDuring the twelve months ended July 31, 2017 we borrowed and repaid $150 million under this revolving credit facility and at July 31, 2017 no amounts were outstanding.\nWe paid $1 million in cash for interest on the revolving credit facility during the twelve months ended July 31, 2017 and $2 million in cash for interest on revolving credit facilities during the twelve months ended July 31, 2016."}
{"_id": "d8a41cfb0", "title": "", "text": "| Period Rent Obligations Sublease Rental Income Net Rent | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 and thereafter | Total |"}
{"_id": "d8b5a1a1a", "title": "", "text": "| MAIN PRODUCTS HOW THEY’RE USED | softwood lumber | engineered lumber– solid section– I-Joists | structural panels– oriented strand board (OSB)– plywood– veneer | other products | hardwood lumber and plywood | 2006 | Softwood lumber | Plywood | Veneer | Composite panels | Oriented strand board | Hardwood lumber | Engineered I-Joists | Engineered solid section | Logs | Other products | $7,902 | 2006 | Softwood lumber – board feet | Plywood – square feet (3/8”) | Veneer – square feet (3/8”) | Composite panels – square feet (3/4”) | Oriented strand board – square feet (3/8”) | Hardwood lumber – board feet | Engineered I-Joists – lineal feet | Engineered solid section – cubic feet | Logs – cunits (in thousands) |"}
{"_id": "d89a46aea", "title": "", "text": "On December 22, 2017, President Trump signed the 2017 Tax Legislation which included a reduction in the corporate tax rate from 35% to 21%.\nFor Citizens, this required a revaluation of the Companys net deferred tax liability with a corresponding adjustment to current tax expense, and resulted in a $331 million net tax benefit.\nIncluded in this net tax benefit was $145 million of expense related to the revaluation of the Companys deferred tax assets associated with unrealized losses in AOCI.\nFASB standards in-place at December 31, 2017 required the Company to revalue all deferred taxes, including those related to balances in AOCI, through current tax expense.\nAs a result, the Companys unrealized loss balance in AOCI was not revalued to reflect the new corporate tax rate.\nThis impact, commonly referred to as the stranded tax effect, was taken under consideration by FASB in January 2018 to address concerns primarily raised by banking institutions, including distortion of net income and regulatory capital.\nIn February 2018, to address the stranded tax effect, FASB issued ASU 2018-02, Income StatementReporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income, which provides entities the election to reclassify the difference between the new and old"}
{"_id": "d89cc91a0", "title": "", "text": "Post-retirement Benefit Plans Prior to the BGI Transaction, the Company had requirements to deliver post-retirement medical benefits to a closed population based in the United Kingdom and through the BGI Transaction, the Company assumed a post-retirement benefit plan to a closed population of former BGI employees in the United Kingdom.\nFor the years ended December 31, 2010, 2009 and 2008, expenses and unfunded obligations for these benefits were immaterial to the Companys consolidated financial statements.\nIn addition, through the BGI Transaction, the Company assumed a requirement to deliver post-retirement medical benefits to a"}
{"_id": "d898ab1f4", "title": "", "text": "| June 30, | 2013 | (in millions) | Balance Sheet Data | Cash and cash equivalents | Securities clearing receivables(b) | Total current assets | Property, plant and equipment, net | Total assets | Securities clearing payables(b) | Total current liabilities | Long-term debt | Total liabilities | Total stockholders’ equity |"}
{"_id": "d8cebef48", "title": "", "text": "Facility Notes and Bonds We have entered into agreements with certain municipalities to finance the construction of, or improvements to, facilities that support our U. S.  Domestic Package and Supply Chain & Freight operations in the United States.\nThese facilities are located around airport properties in Louisville, Kentucky; Dallas, Texas; and Philadelphia, Pennsylvania.\nUnder these arrangements, we enter into a lease or loan agreement that covers the debt service obligations on the bonds issued by the municipalities, as follows: ?\nBonds with a principal balance of $149 million issued by the Louisville Regional Airport Authority associated with our Worldport facility in Louisville, Kentucky.\nThe bonds, which are due in January 2029, bear interest at a variable rate, and the average interest rates for 2017 and 2016 were 0.83% and 0.37%, respectively.  ?\nBonds with a principal balance of $42 million and due in November 2036 issued by the Louisville Regional Airport Authority associated with our air freight facility in Louisville, Kentucky.\nThe bonds bear interest at a variable rate, and the average interest rates for 2017 and 2016 were 0.80% and 0.36%, respectively.  ?\nBonds with a principal balance of $29 million issued by the Dallas / Fort Worth International Airport Facility Improvement Corporation associated with our Dallas, Texas airport facilities.\nThe bonds are due in May 2032 and bear interest at a variable rate, however the variable cash flows on the obligation have been swapped to a fixed 5.11%.  ?\nIn September 2015, we entered into an agreement with the Delaware County, Pennsylvania Industrial Development Authority, associated with our Philadelphia, Pennsylvania airport facilities, for bonds issued with a principal balance of $100 million.\nThese bonds, which are due September 2045, bear interest at a variable rate.\nThe average interest rate for 2017 and 2016 was 0.78% and 0.40%, respectively."}
{"_id": "d8c2f1166", "title": "", "text": "Phoenix, USA.\nGold production increased 14% due to higher mill grades, and higher leach placement from mining in the Brooks pit at Lone Tree.\nCopper pounds produced decreased 21% primarily due to lower copper leach placement and lower mill grade and throughput.\nCosts applicable to sales per ounce increased 7% primarily due to a higher co-product allocation of costs to gold, partially offset by higher ounces sold.\nCosts applicable to sales per pound decreased 22% due to a lower co-product allocation of costs to copper and lower leaching costs as a result of lower acid consumption.\nDepreciation and amortization per ounce decreased 10% due to lower amortization rates.\nDepreciation and amortization per pound decreased 30% primarily due to lower amortization rates and a lower co-product allocation of depreciation and amortization to copper.\nAll-in sustaining costs per ounce increased 9% primarily due to higher costs applicable to sales per ounce and higher sustaining capital spend.\nAll-in sustaining costs per pound decreased 20% primarily due to lower costs applicable to sales per pound."}
{"_id": "d8e134510", "title": "", "text": "| Year Ended December 31, | 2014 | (In thousands, except per share data) | Statements of Operations Data: | Revenues: | Rental and management | Network development services | Total operating revenues | Operating expenses: | Cost of operations (exclusive of items shown separately below) | Rental and management-1 | Network development services-2 | Depreciation, amortization and accretion | Selling, general, administrative and development expense-3 | Other operating expenses | Total operating expenses | Operating income | Interest income, TV Azteca, net | Interest income | Interest expense | Loss on retirement of long-term obligations | Other (expense) income(4) | Income from continuing operations before income taxes and income on equity method investments | Income tax provision | Income on equity method investments | Income from continuing operations | Income from discontinued operations, net | Net income | Net loss (income) attributable to noncontrolling interest | Net income attributable to American Tower Corporation stockholders | Dividends declared on preferred stock | Net income attributable to American Tower Corporation common stockholders | Net income per common share amounts: | Basic net income attributable to American Tower Corporation common stockholders-5 | Diluted net income attributable to American Tower Corporation common stockholders-5 | Weighted average common shares outstanding:-5 | Basic | Diluted | Distribution declared per common share | Distribution declared per preferred share | Other Operating Data: | Ratio of earnings to fixed charges-6 | Ratio of earnings to combined fixed charges and preferred stock dividends-6 |"}
{"_id": "d8870b35e", "title": "", "text": "| 2008 2007 | In millions of dollarsat year end | Commercial paper | Citigroup Funding Inc. | Other Citigroup subsidiaries | $29,125 | Other borrowings | Total |"}
{"_id": "d8a3edc74", "title": "", "text": "| Non-vested Shares Number of Shares Weighted-Average Grant-Date Fair Value | Non-vested at September 29, 2012 | Granted | Vested | Forfeited | Non-vested at September 28, 2013 |"}
{"_id": "d88c4b18e", "title": "", "text": "| Year ended December 31, | 2009 | U.S. GAAP results: | Revenues | Benefits and expenses | Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d8c71201a", "title": "", "text": "| Pension benefits Other postretirement benefits (gross benefit payments, including prescription drug benefits) Amount of Medicare Part D subsidy receipts | (in millions) | Year ending December 31: | 2011 | 2012 | 2013 | 2014 | 2015 | 2016-2020 |"}
{"_id": "d8612db46", "title": "", "text": "| 2007 High Low | Quarter ended March 31 | Quarter ended June 30 | Quarter ended September 30 | Quarter ended December 31 | 2006 | Quarter ended March 31 | Quarter ended June 30 | Quarter ended September 30 | Quarter ended December 31 |"}
{"_id": "d8b5c2b34", "title": "", "text": "Other Risk Management Derivatives Other risk management derivatives are used by the Corporation to reduce certain risk exposures.\nThese derivatives are not qualifying accounting hedges because either they did not qualify for or were not designated as accounting hedges.\nThe table below presents gains (losses) on these derivatives for 2014, 2013 and 2012.\nThese gains (losses) are largely offset by the income or expense that is recorded on the hedged item.\nThe change in the impact of interest rate and foreign currency risk on ALM activities was primarily driven by decreasing interest rates and foreign currency weakening against the U. S.  Dollar throughout 2014 compared to strengthening during 2013."}
{"_id": "d87bac59e", "title": "", "text": "NOTE 5 RESTRUCTURING AND OTHER CHARGES This footnote discusses restructuring and other charges recorded for each of the three years included in the period ended December 31, 2009.\nIt"}
{"_id": "d8cbd7d34", "title": "", "text": "The following table summarizes information about stock options outstanding at December 31, 2001 (in thousands of shares):\nTHE AES CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) DECEMBER 31, 2010, 2009, AND 2008 (1) Amortized cost approximated fair value at December 31, 2010 and 2009, with the exception of certain common stock investments with a cost basis of $6 million carried at their fair value of $7 million and $16 million at December 31, 2010 and 2009, respectively.\n(2) Unsecured debentures are instruments similar to certificates of deposit that are held primarily by our subsidiaries in Brazil.\nThe unsecured debentures and certificates of deposit included here do not qualify as cash equivalents and meet the definition of a security under the relevant guidance and are therefore classified as available-for-sale securities.\n(3) Held-to-maturity securities are carried at amortized cost and not measured at fair value on a recurring basis.\nThese investments consist primarily of certificates of deposit and government debt securities.\nThe amortized cost approximated fair value of the held-to-maturity securities at December 31, 2009.\nAs of December 31, 2010, all available-for-sale debt securities had stated maturities less than one year, with the exception of $42 million of auction rate securities and variable rate demand notes held by IPL, a subsidiary of the Company in Indiana.\nThese securities, classified as other debt securities in the table above, had stated maturities of greater than ten years.\nDuring the second quarter of 2009, three of the Company’s generation businesses in the Dominican Republic exchanged $110 million of accounts receivable due from the government-owned distribution companies in the Dominican Republic for sovereign bonds of the same amount.\nThe bonds, which were classified as available-for-sale securities, were adjusted to fair value when acquired.\nDuring the second and third quarters of 2009, the Company used a portion of the bonds with a carrying value of $31 million to settle third-party liabilities and sold the remaining bonds.\nAs of December 31, 2009, all of the sovereign bonds had been sold or transferred.\nThe following table summarizes the pre-tax gains and losses related to available-for-sale securities for the years ended December 31, 2010, 2009 and 2008.\nThere were no realized gains or losses on trading securities and there were no realized losses on the sale of available-for-sale securities.\nThere was no other-than-temporary impairment of marketable securities recognized in earnings or other comprehensive income for the years ended December 31, 2010, 2009 or 2008."}
{"_id": "d8caae958", "title": "", "text": "| Options Weighted-   Average   Exercise Price | Outstanding at January 2, 2005 | Granted | Exercised | Cancelled | Outstanding at January 1, 2006 | Granted | Exercised | Cancelled | Outstanding at December 31, 2006 | Options assumed through business combination | Granted | Exercised | Cancelled | Outstanding at December 30, 2007 |"}
{"_id": "d87f5cc34", "title": "", "text": "| Years ended December 31, 2018 2017 2016 | Commercial Airplanes | Defense, Space & Security | Global Services | Boeing Capital | Segment Operating Profit | Pension FAS/CAS service cost adjustment | Postretirement FAS/CAS service cost adjustment | Unallocated items, eliminations and other | Earnings from operations (GAAP) | FAS/CAS service cost adjustment * | Core operating earnings (Non-GAAP) ** |"}
{"_id": "d8a8fcc74", "title": "", "text": "| 2005 2004 2003 | (in thousands, except per share results) | Net income, as reported | Add: Stock-based employee compensation expense included in reported net income, net of related tax | Deduct: Total stock-based employee compensation expense determined under the fair value based method for all awards, net of relatedtax | Adjusted net income | Earnings per common share: | Basic, as reported | Basic, pro forma | Diluted, as reported | Diluted, pro forma |"}
{"_id": "d8a120a0a", "title": "", "text": "Although the principal amount is not due until the date given in the tables above, Entergy Louisiana Investment Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $21.7 million for 2017, $22.3 million for 2018, $22.7 million for 2019, $23.2 million for 2020, and $11 million for 2021.\nWith the proceeds, Entergy Louisiana Investment Recovery Funding purchased from Entergy Louisiana the investment recovery property, which is the right to recover from customers through an investment recovery charge amounts sufficient to service the bonds.\nIn accordance with the financing order, Entergy Louisiana will apply the proceeds it received from the sale of the investment recovery property as a reimbursement for previously-incurred investment recovery costs.\nThe investment recovery property is reflected as a regulatory asset on the consolidated Entergy Louisiana balance sheet.\nThe creditors of Entergy Louisiana do not have recourse to the assets or revenues of Entergy Louisiana Investment Recovery Funding, including the investment recovery property, and the creditors of Entergy Louisiana Investment Recovery Funding do not have recourse to the assets or revenues of Entergy Louisiana.\nEntergy Louisiana has no payment obligations to Entergy Louisiana Investment Recovery Funding except to remit investment recovery charge collections."}
{"_id": "d813f9596", "title": "", "text": "PRODUCT TYPE AND INVESTMENT STYLE Component changes in AUM by product type and investment style for 2017 are presented below."}
{"_id": "d87aa36fc", "title": "", "text": "| $ millions Total Q4 2011 Q3 2011 Q2 2011 Q1 2011 | Net income attributable to common shareholders | Net income attributable to Consolidated Investment Products | Tax expense | Amortization/depreciation | Interest expense | Share-based compensation expense | Unrealized gains and losses from investments, net* | EBITDA** | Adjusted debt** | Leverage ratio (Debt/EBITDA - maximum 3.25:1.00) | Interest coverage (EBITDA/Interest Expense - minimum 4.00:1.00) |"}
{"_id": "d89e993f4", "title": "", "text": "Contingencies: The Company is involved in various investigations, claims and legal proceedings that arise in the ordinary course of business including alleged infringement of intellectual property rights, commercial disputes, labor and employment matters, tax audits and other matters.\nThe Company reviews the status of these matters, assesses its financial exposure and records a related accrual if the potential loss from an investigation, claim or legal proceeding is probable and the amount is reasonably estimable.\nSignificant judgment is involved in the determination of probability and in the determination of whether an exposure is reasonably estimable.\nAs a result of the uncertainties involved in making these estimates, the Company may have to revise its estimates as facts and circumstances change.\nThe revision of these estimates could have a material impact on the Companys financial position and results of operations.\nStock-based Compensation: The Company grants options and other stock awards to employees and directors under the Companys stock option and grant plan.\nEligible employees can also purchase shares of the Companys common stock at a discount under the Companys employee stock purchase plan.\nThe benefits provided under these plans are share-based payments subject to the provisions of share-based payment accounting guidance.\nThe Company uses the fair value method to apply the provisions of share-based payment accounting guidance.\nStock-based compensation expense for 2013, 2012 and 2011 was $35.3 million, $32.4 million and $23.1 million, respectively.\nAs of December 31, 2013, total unrecognized estimated compensation expense related to unvested stock options granted prior to that date was $39.9 million, which is expected to be recognized over a weighted average period of 1.7 years.\nThe value of each stock-based award was estimated on the date of grant or date of acquisition for options issued in a business combination using the Black-Scholes option pricing model (Black-Scholes model).\nThe determination of the fair value of share-based payment awards using an option pricing model is affected by the Companys stock price as well as assumptions regarding a number of complex and subjective variables.\nThese variables include the Companys expected stock price volatility over the term of the awards, actual and projected employee stock option exercise behaviors, risk-free interest rates and expected dividends.\nThe table below presents the weighted average input assumptions used and resulting fair values for options granted or issued in business combinations during each respective year.\nThe stock-based compensation expense for options is recorded ratably over their requisite service period.\nThe interest rate assumptions were determined by using the five-year U. S.  Treasury Note yield on the date of grant or date of acquisition."}
{"_id": "d8e134452", "title": "", "text": "| 2015 $574,438 | 2016 | 2017 | 2018 | 2019 | Thereafter | Total |"}
{"_id": "d81f2e650", "title": "", "text": "| Exposure as of  December 31, 2009 Exposure as of December 31, 2008 Net gains/(losses) (e) | Reported | in income – | Net of risk | management | (in millions) | U.S.Residential Mortgage:(a)(b)(c) | Prime | Alt-A | 6,512 | Subprime | Non-U.S. Residential(c) | Commercial Mortgage: | Securities | Loans |"}
{"_id": "d8af8aab4", "title": "", "text": "Commercial Paper: On November 18, 2004, Torchmark entered into a credit facility with a group of lenders allowing unsecured borrowings and stand-by letters of credit up to $600 million.\nOriginally a fiveyear facility set to terminate on November 18, 2009, the lending banks agreed in August, 2006 to extend the maturities to August 31, 2011.\nAs a part of the facility, the Company has the ability to request up to $175 million in letters of credit to be issued against the facility.\nThe credit facility is further designated as a back-up credit line for a commercial paper program, whereby Torchmark may borrow from either the credit line or issue commercial paper at any time, with total commercial paper outstanding not to exceed $600 million less any letters of credit issued.\nInterest is charged at variable rates.\nAt December 31, 2007, Torchmark had $203 million face amount ($202 million carrying amount) of commercial paper outstanding, $150 million of letters of credit issued, and no borrowings under the line of credit.\nDuring 2007, the short term borrowings under the facility averaged approximately $238 million, and were made at an average yield of 5.4%, compared with an average balance of $166 million at an average yield of 5.0% a year earlier.\nThe facility does not have a ratings-based acceleration trigger which would require early payment.\nA facility fee is charged for the entire $600 million facility at a rate of 10 basis points.\nFor letters of credit issued, there is an issuance fee of 27.5 basis points.\nAdditionally, if borrowings on both the line of credit and letters of credit exceed 50% of the total $600 million facility, there is a usage fee of 10 basis points.\nDuring 2006, Torchmarks usage of the facility was below this threshold and no usage fee was required.\nTorchmark is subject to certain covenants for the agreements regarding capitalization and earnings, with which it was in compliance at December 31, 2007 and throughout the three-year period ended December 31, 2007.\nBorrowings on this facility are reported as short-term debt on the Consolidated Balance Sheets.\nThere was no capitalized interest during the three years ended December 31, 2007."}
{"_id": "d87b641a4", "title": "", "text": "During the year ended December 31, 2013, the allowance for loan losses decreased by $27.7 million from the level at December 31, 2012, driven primarily by improving economic conditions and loan portfolio run-off.\nDuring the year ended December 31, 2013, we evaluated and refined our default assumptions related to a subset of the home equity line of credit portfolio that will require borrowers to repay the loan in full at the end of the draw period, commonly referred to as balloon loans.\nThese loans were approximately $235 million of the home equity line of credit portfolio at December 31, 2013.\nWe evaluated the significant burden a balloon payment may place on a borrower with a low FICO score and high CLTV ratio, and the estimates around the time period that it might take for these borrowers equity positions in their collateral to appreciate in order to allow for possible refinance of the balloon loan at maturity.\nAs a result of this evaluation of the higher risk balloon loans, we increased our default assumptions and extended the period of managements forecasted loan losses captured within the general allowance to include the total probable loss on these loans.\nThe overall impact of these refinements drove the substantial majority of provision for loan losses during the year ended December 31, 2013.\nThe following table shows the trend of the ratio of the general allowance for loan losses, excluding the qualitative component, to loans that are 90+ days delinquent excluding modified TDRs (dollars in millions)"}
{"_id": "d88fd8ee6", "title": "", "text": "| Number of RSUs (In thousands) Weighted Average Grant-Date Fair Value PerShare | Nonvested at December 31, 2012 | Granted | Vested | Forfeited | Nonvested at December 31, 2013 |"}
{"_id": "d8a0e3d62", "title": "", "text": "| Payments Due by Period | Total | (in thousands) | Debt | Interest-1 | Operating leases-2 | Purchase obligations-3 | Future policy benefits payable and other long-term liabilities-4 | Total |"}
{"_id": "d86731aa6", "title": "", "text": "NOTE 2.\nSUMMARY OF ACCOUNTING POLICIES Cash and Cash Equivalents Cash and all highly liquid investments with a maturity of three months or less at the date of purchase, including short-term time deposits and government agency and corporate obligations, are classified as Cash and cash equivalents.\nRevenue Recognition - Automotive Sector Sales are generally recorded when products are shipped to customers (primarily dealers) and ownership is transferred.\nSales to daily rental car companies with a guaranteed repurchase option are accounted for as operating leases.\nThe lease revenue is recognized over the term of the lease and a gain or loss on the remaining residual value is recognized when the vehicles are sold at auction.\nThe carrying value of these vehicles is included in other current assets and, as of December 31, 2004, was $2.9 billion.\nIncome generated from cash and cash equivalents, investments in marketable securities, loaned securities and other miscellaneous receivables is reported as Interest income and other non-operating income/(expense), net.\nRevenue Recognition - Financial Services Sector Revenue from finance receivables, including interest, net of certain deferred loan origination costs that are included as a reduction of financing revenue, is recognized over the term of the receivable using the interest method.\nRevenue from operating leases, net of certain deferred origination costs, is recognized on a straight-line basis over the term of the lease.\nThe accrual of interest on receivables is discontinued at the time a receivable is determined to be uncollectible.\nSubsequent amounts of interest collected are recognized in income only if full recovery of the remaining principal is probable.\nInterest supplements paid by the Automotive sector are recognized over the term of the receivable or operating lease.\nUse of Estimates The preparation of financial statements in accordance with U. S.  generally accepted accounting principles (“GAAP”) requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and revenue and expenses during the periods reported.\nEstimates are used when accounting for certain items such as marketing accruals, warranty costs, employee benefit programs, etc.\nEstimates are based on historical experience, where applicable, and other assumptions that management believes are reasonable under the circumstances.\nDue to the inherent uncertainty involved in marketing estimates, actual results may differ from those estimates under different assumptions or conditions.\nMarketing Incentives Automotive marketing incentives, including customer and dealer cash payments and costs for special financing and leasing programs paid to the Financial Services sector are recognized as revenue reductions and are accrued at the later of the date the related vehicle sales are recorded or the date the incentive program is both approved and communicated.\nCosts for marketing incentives are based on assumptions regarding the number of vehicles that will have a specific incentive applied against them."}
{"_id": "d88424046", "title": "", "text": "(1) Includes month-to-month leases.\n(2) The most recent month’s (or subsequent month’s, if acquired in the most recent month) base rent, including additional rent floors and cash income from DFLs, annualized for 12 months.\nBase rent does not include tenant recoveries, additional rents in excess of floors and non-cash revenue adjustments (i. e. , straight-line rents, amortization of market lease intangibles, DFL non-cash interest and deferred revenues).\nSee the “Tenant Purchase Options” section of Note 6 to the Consolidated Financial Statements for additional information on leases subject to purchase options.\nSee Schedule III: Real Estate and Accumulated Depreciation, included in this report, which information is incorporated by reference in this Item 2."}
{"_id": "d8aa75a92", "title": "", "text": "| (Dollars in millions) 2001 2000 | Indemnified securities on loan | Loan commitments | Asset purchase agreements | Standby letters of credit | Letters of credit |"}
{"_id": "d895cab2e", "title": "", "text": "| 2005 2004 2003 | Basic | Income | Income from continuing operations | Income from discontinued operations, net of taxes | Cumulative effect of accounting change, net of taxes | Net income | Average shares | Average shares outstanding | Dilutive securities issuable in connection with stock plans | Total average shares | Earnings (loss) per share of common stock | Income from continuing operations | Income from discontinued operations, net of taxes | Cumulative effect of accounting change, net of taxes | Net income |"}
{"_id": "d86155baa", "title": "", "text": "| December 31, 2006 December 31, 2005 | Estimated   Fair Value | (In millions) | Industrial | Foreign-1 | Finance | Utility | Other | Total |"}
{"_id": "d823751e6", "title": "", "text": "| Options Outstanding Options Exercisable(a) | December 31, 2007Shares in thousandsRange of exercise prices | $37.43 – $46.99 | 47.00 – 56.99 | 57.00 – 66.99 | 67.00 – 76.23 | Total |"}
{"_id": "d8b901d68", "title": "", "text": "| Common Stock Series D Convertible Preferred Stock Series E Redeemable Preferred Stock | Year Ended December 31, | 2017 | Ordinary income | Return of capital | Capital gains at 25% | Capital gains at 20% | Total | Dividends declared |"}
{"_id": "d8e83c6b4", "title": "", "text": "STOCKHOLDERS’ EQUITY COMMON STOCK At September 30, 2011, the Company is authorized to issue 525,000,000 shares of common stock, par value $0.25 per share of which 195,407,396 shares are issued and 186,386,197 shares outstanding.\nHolders of the Company’s common stock are entitled to such dividends as may be declared by the Company’s Board of Directors out of funds legally available for such purpose.\nDividends may not be paid on common stock unless all accrued dividends on preferred stock, if any, have been paid or declared and set aside.\nIn the event of the Company’s liquidation, dissolution or winding up, the holders of common stock will be entitled to share pro rata in the assets remaining after payment to creditors and after payment of the liquidation preference plus any unpaid dividends to holders of any outstanding preferred stock.\nEach holder of the Company’s common stock is entitled to one vote for each such share outstanding in the holder’s name.\nNo holder of common stock is entitled to cumulate votes in voting for directors.\nThe Company’s second amended and restated certificate of incorporation provides that, unless otherwise determined by the Company’s Board of Directors, no holder of common stock has any preemptive right to purchase or subscribe for any stock of any class which the Company may issue or sell.\nOn August 3, 2010, the Board of Directors approved a stock repurchase program, pursuant to which the Company is authorized to repurchase up to $200.0 million of the Company’s common stock from time to time on the open market or in privately negotiated transactions as permitted by securities laws and other legal requirements.\nDuring the fiscal year ended September 30, 2011, the Company paid approximately $70.0 million (including commissions) in connection with the repurchase of 2,768,045 shares of its common stock (paying an average price of $25.30 per share).\nAs of September 30, 2011, $130.0 million remained available under the existing share repurchase program."}
{"_id": "d884a138e", "title": "", "text": "Direct operating expenses incurred by our property segments include direct site level expenses and consist primarily of ground rent and power and fuel costs, some or all of which may be passed through to our tenants, as well as property taxes, repairs and maintenance.\nThese segment direct operating expenses exclude all segment and corporate selling, general, administrative and development expenses, which are aggregated into one line item entitled Selling, general, administrative and development expense in our consolidated statements of operations.\nIn general, our property segments selling, general, administrative and development expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year.\nAs a result, leasing additional space to new tenants on our legacy sites provides significant incremental cash flow.\nWe may, however, incur additional segment"}
{"_id": "d8cf9f4a8", "title": "", "text": "Note 9.\nClaim and Claim Adjustment Expense Reserves CNA’s property and casualty insurance claim and claim adjustment expense reserves represent the estimated amounts necessary to settle all outstanding claims, including claims that are incurred but not reported (“IBNR”) as of the reporting date.\nCNA’s reserve projections are based primarily on detailed analysis of the facts in each case, CNA’s experience with similar cases and various historical development patterns.\nConsideration is given to such historical patterns as field reserving trends and claims settlement practices, loss payments, pending levels of unpaid claims and product mix, as well as court decisions, economic conditions and public attitudes.\nAll of these factors can affect the estimation of claim and claim adjustment expense reserves.\nEstablishing claim and claim adjustment expense reserves, including claim and claim adjustment expense reserves for catastrophic events that have occurred, is an estimation process.\nMany factors can ultimately affect the final settlement of a claim and, therefore, the necessary reserve.\nChanges in the law, results of litigation, medical costs, the cost of repair materials and labor rates can all affect ultimate claim costs.\nIn addition, time can be a critical part of reserving determinations since the longer the span between the incidence of a loss and the payment or settlement of the claim, the more variable the ultimate settlement amount can be.\nAccordingly, short-tail claims, such as property damage claims, tend to be more reasonably estimable than long-tail claims, such as general liability and professional liability claims.\nAdjustments to prior year reserve estimates, if necessary, are reflected in the results of operations in the period that the need for such adjustments is determined.\nCatastrophes are an inherent risk of the property and casualty insurance business and have contributed to material period-to-period fluctuations in the Company’s results of operations and/or equity.\nThe level of catastrophe losses"}
{"_id": "d89d0b118", "title": "", "text": "(B) Retirement Savings 401(k) Plan We sponsor a 401(k) plan for all associates meeting certain eligibility criteria.\nIn conjunction with the pension plan curtailments, enhancements were made to the 401(k) plan effective January 1, 2009.\nThe enhancements increased the maximum salary contribution for eligible associates and increased our matching contribution.\nAdditionally, an annual discretionary companyfunded contribution regardless of associate participation was implemented, as well as an additional discretionary company-funded contribution to those associates meeting certain age and service requirements.\nThe total cost for company contributions was $29.8 million in fiscal 2016, $27.9 million in fiscal 2015 and $25.0 million in fiscal 2014."}
{"_id": "d8aea74da", "title": "", "text": "| September 29, 2007 September 30, 2006 September 24, 2005 | Beginning allowance balance | Charged to costs and expenses | Deductions | Ending allowance balance |"}
{"_id": "d86e8e29a", "title": "", "text": "(4) In the second quarter of 2018, we recorded a net benefit to tax expense of $43.4 million associated with the release of the valuation allowance related to deferred tax assets of our Brazil operations.\nIn the third quarter of 2018, we recorded a net benefit to tax expense of $683.3 million associated with the release of the valuation allowance related to most of the United States federal and all states deferred tax assets with the exception of California and Massachusetts."}
{"_id": "d8c8d078a", "title": "", "text": "| Sales Order Cancellations Fiscal Year Ended September 30, | Cancelled Sales Orders | 2011 | East | Midwest | Southeast | South Central | Southwest | West | 6,568 |"}
{"_id": "d866fc8ec", "title": "", "text": "Liquidity and Capital Liquidity and capital are managed to preserve stable, reliable and cost-effective sources of cash to meet all current and future financial obligations and are provided by a variety of sources, including a portfolio of liquid assets, a diversified mix of short- and long-term funding sources from the wholesale financial markets and the ability to borrow through committed credit facilities.\nThe Holding Company is an active participant in the global financial markets through which it obtains a significant amount of funding.\nThese markets, which serve as cost-effective sources of funds, are critical components of the Holding Companys liquidity and capital management.\nDecisions to access these markets are based upon relative costs, prospective views of balance sheet growth and a targeted liquidity profile and capital structure.\nA disruption in the financial markets could limit the Holding Companys access to liquidity.\nSee Extraordinary Market Conditions.\n The Holding Companys ability to maintain regular access to competitively priced wholesale funds is fostered by its current high credit ratings from the major credit rating agencies.\nManagement views its capital ratios, credit quality, stable and diverse earnings streams, diversity of liquidity sources and its liquidity monitoring procedures as critical to retaining high credit ratings.\nSee The Company  Capital  Rating Agencies.\n Liquidity is monitored through the use of internal liquidity risk metrics, including the composition and level of the liquid asset portfolio, timing differences in short-term cash flow obligations, access to the financial markets for capital and debt transactions and exposure to contingent draws on the Holding Companys liquidity."}
{"_id": "d8957e68e", "title": "", "text": "| As of December 31, 2016 As of December 31, 2015 | (in millions) | Assets | Money market and government funds | Available-for-sale-securities | Currency hedge contracts | $62 | Liabilities | Currency hedge contracts | Accrued contingent consideration | $— |"}
{"_id": "d831eadca", "title": "", "text": "| (in millions) December 31, 2016 | Total stockholders’ equity | Less: Preferred stock | Common stockholders’ equity | Less: | Goodwill | Other intangible assets | Add: | Deferred tax liabilities(a) | Less: Other CET1 capital adjustments | Standardized/Advanced CET1 capital | Preferred stock | Less: | Other Tier 1 adjustments(b) | Standardized/Advanced Tier 1 capital | Long-term debt and other instruments qualifying asTier 2 capital | Qualifying allowance for credit losses | Other | Standardized Fully Phased-In Tier 2 capital | Standardized Fully Phased-in Total capital | Adjustment in qualifying allowance for credit losses for Advanced Tier 2 capital | Advanced Fully Phased-In Tier 2 capital | Advanced Fully Phased-In Total capital |"}
{"_id": "d8a02a100", "title": "", "text": "| Year EndedDecember 31, | 2015 | Reported tax rate | Impact of certain receipts/charges* | 9.7% |"}
{"_id": "d8b054260", "title": "", "text": "| Percent Change 2014 vs. 2013 | Volume 1 | Consolidated | Eurasia & Africa | Europe | Latin America | North America | Asia Pacific | Bottling Investments | Corporate |"}
{"_id": "d894b0054", "title": "", "text": "| Payments Due by Period | December 31, 2016 | (In millions) | Debt (a) | Operating leases | Claim and claim adjustment expense reserves (b) | Future policy benefits reserves (c) | Purchase and other obligations | Total (d) |"}
{"_id": "d8685befe", "title": "", "text": "Realized Gains and Losses.\nAs a group of life and health insurance carriers, we collect premium income from policyholders for the eventual payment of policyholder benefits, sometimes paid many years or even decades in the future.\nIn addition to the payment of these benefits, we also incur acquisition costs, administrative expenses, and taxes as a part of insurance operations.\nBecause benefits are expected to be paid in future periods, premium receipts in excess of current expenses are invested to provide for these obligations.\nFor this reason, we hold a significant investment portfolio as a part of our core insurance operations.\nThis portfolio consists primarily of high-quality fixed maturities containing an adequate yield to provide for the cost of carrying these long-term insurance product obligations.\nAs a result, fixed maturities are generally held for long periods to support the liabilities.\nExpected yields on these investments are taken into account when setting insurance premium rates and product profitability expectations.\nBecause our investment portfolio is large and diverse, investments are occasionally sold or called, resulting in a realized gain or loss.\nThese gains and losses occur only incidentally, usually as the result of sales because of deterioration in investment quality of issuers or calls by the issuers.\nInvestment losses are also caused by writedowns due to impairments.\nWe do not engage in trading investments for profit.\nTherefore, gains or losses which occur in protecting the portfolio or its yield, or which result from events that are beyond our control, are only secondary to the core insurance operations of providing insurance coverage to policyholders.\nUnlike investment income, realized gains and losses are not considered in determining premium rates or product profitability of our insurance products.\nRealized gains and losses can be significant in relation to the earnings from core insurance operations, however, and as a result, have a material positive or negative impact on net income.\nThe significant fluctuations caused by gains and losses can cause period-to-period trends of net income to not be indicative of historical core operating results nor predictive of the future trends of core operations.\nAccordingly, they have no bearing on core insurance operations or segment results as we view operations.\nFor these reasons, we remove the effects of realized gains and losses when evaluating overall insurance operating results.\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollar amounts in thousands except per share data) Note 1Significant Accounting Policies (continued) proceeds of $5.1 million after expenses.\nThe second involved state income tax refunds of $6.7 million related to prior years.\nThe third settlement related to the Companys investments in Worldcom, amounting to $6.3 million, and representing a partial recovery of investment losses incurred prior to 2004.\nThe final settlement involved Federal income tax issues related to prior years, and consisted of a benefit due of $7.4 million.\nThe litigation receipt related to the disposed subsidiary and the Worldcom receipt were included in Other income on the Consolidated Statement of Operations.\nThe state income tax refunds and the Federal income tax benefit reduced Income taxes.\n In 2005, Torchmark settled three significant legal matters.\nThese cases involved Torchmarks racedistinct mortality/dual-pricing litigation, its class-action cancer case, and its Waddell & Reed litigation.\nAll of these cases related to litigation arising many years ago.\nThe Waddell & Reed litigation was settled with Torchmark recording the $13.5 million proceeds net of costs as Other income.\n The other two settlements resulted in a $15 million pre-tax charge to Other operating expenses.\n Postretirement Benefits: Torchmark adopted FASB Statement of Financial Accounting Standards (SFAS) No.158, Employers Accounting for Defined Benefit Pension and Other Postretirement Plans, effective as of December 31, 2006.\nThis Statement requires Torchmark to recognize the funded status of its postretirement benefit plans on its Consolidated Balance Sheets.\nPeriodic gains and losses attributable to changes in plan assets and liabilities that are not recognized as components of net periodic benefit costs are to be recognized as components of other comprehensive income, net of tax.\nThis Statement does not modify the procedures for measuring plan assets, liabilities, or net periodic benefit cost.\nThe information required by this Standard is found in Note 9Postretirement Benefits.\nUpon adoption of this Standard, Accumulated other comprehensive income, net of tax, was decreased $9 million.\nThe incremental effect of applying this Statement to affected line items on Torchmarks Balance Sheet at December 31, 2006 was as follows:"}
{"_id": "d8bb12b52", "title": "", "text": "| 2009 First Quarter Second Quarter Third Quarter Fourth Quarter | Net sales | Gross profit | Net earnings | Basic net earnings per common share | Diluted net earnings per common share | 2008 | Net sales | Gross profit | Net earnings | Basic net earnings per common share | Diluted net earnings per common share |"}
{"_id": "d8ab11140", "title": "", "text": "(1) Yields are based on quarterly average carrying values except for fixed maturities, equity securities and securities lending activity.\nYields for fixed maturities are based on amortized cost.\nYields for equity securities are based on cost.\nYields for fixed maturities and short-term investments and cash equivalents are calculated net of liabilities and rebate expenses corresponding to securities lending activity.\nYields exclude investment income on assets other than those included in invested assets.\nPrior periods yields are presented on a basis consistent with the current period presentation.\n(2) Includes investment income of securities brokerage, securities trading, banking operations, real estate and relocation services, and asset management operations.\nSee below for a discussion of the change in the Financial Services Businesses yields.\nThe increase in net investment income yield attributable to the Closed Block Business for 2010 compared to 2009, was primarily due to investments in joint ventures and limited partnerships, driven by appreciation and gains on the underlying assets, partially offset by the impact of lower interest rates on floating rate investments due to rate resets and lower fixed income reinvestment rates.\nThe decrease in net investment income yield attributable to the Closed Block Business for 2009 compared to 2008 was primarily due to the impact of lower interest rates on floating rate investments due to rate resets, higher losses from investments in joint ventures and limited partnerships, driven by depreciation and losses on the underlying assets, and lower income from short-term investments as a result of lower short-term rates.\nThe following tables set forth the income yield and investment income, excluding realized investment gains (losses) and non-hedge accounting derivative results, for each major investment category of the Financial Services Businesses general account, excluding the Japanese operations portion of the general account which is presented separately below, for the periods indicated."}
{"_id": "d81511794", "title": "", "text": "| ($ in millions) 2006 2005 | Land | Buildings and leasehold improvements | Furniture and equipment | Construction in progress | 2,143 | Accumulated depreciation | $1,238 |"}
{"_id": "d8606f286", "title": "", "text": "| 2005 2004 | Automotive Sector | Current | Dealer and customer allowances and claims | Deferred revenue | Employee benefit plans | Other postretirement employee benefits | Accrued interest | Pension liability | Other | Total Automotive current | Non-current | Other postretirement employee benefits | Dealer and customer allowances and claims | Pension liability | Deferred revenue | Employee benefit plans | Other | Total Automotive non-current | Total Automotive Sector | Financial Services Sector | Total |"}
{"_id": "d81cc5c06", "title": "", "text": "New Term Loan A Facility, with the remaining unpaid principal amount of loans under the New Term Loan A Facility due and payable in full at maturity on June 6, 2021.\nPrincipal amounts outstanding under the New Revolving Loan Facility are due and payable in full at maturity on June 6, 2021, subject to earlier repayment pursuant to the springing maturity date described above.\nIn addition to paying interest on outstanding principal under the borrowings, we are obligated to pay a quarterly commitment fee at a rate determined by reference to a total leverage ratio, with a maximum commitment fee of 40% of the applicable margin for Eurocurrency loans.\nIn July 2016, Breakaway Four, Ltd. , as borrower, and NCLC, as guarantor, entered into a Supplemental Agreement, which amended the Breakaway four loan to, among other things, increase the aggregate principal amount of commitments under the multi-draw term loan credit facility from ¬590.5 million to ¬729.9 million.\nIn June 2016, we took delivery of Seven Seas Explorer.\nTo finance the payment due upon delivery, we had export credit financing in place for 80% of the contract price.\nThe associated $373.6 million term loan bears interest at 3.43% with a maturity date of June 30, 2028.\nPrincipal and interest payments shall be paid semiannually.\nIn December 2016, NCLC issued $700.0 million aggregate principal amount of 4.750% senior unsecured notes due December 2021 (the ¡°Notes¡±) in a private offering (the ¡°Offering¡±) at par.\nNCLC used the net proceeds from the Offering, after deducting the initial purchasers¡¯ discount and estimated fees and expenses, together with cash on hand, to purchase its outstanding 5.25% senior notes due 2019 having an aggregate outstanding principal amount of $680 million.\nThe redemption of the 5.25% senior notes due 2019 was completed in January 2017.\nNCLC will pay interest on the Notes at 4.750% per annum, semiannually on June 15 and December 15 of each year, commencing on June 15, 2017, to holders of record at the close of business on the immediately preceding June 1 and December 1, respectively.\nNCLC may redeem the Notes, in whole or part, at any time prior to December 15, 2018, at a price equal to 100% of the principal amount of the Notes redeemed plus accrued and unpaid interest to, but not including, the redemption date and a ¡°make-whole premium.\n¡± NCLC may redeem the Notes, in whole or in part, on or after December 15, 2018, at the redemption prices set forth in the indenture governing the Notes.\nAt any time (which may be more than once) on or prior to December 15, 2018, NCLC may choose to redeem up to 40% of the aggregate principal amount of the Notes at a redemption price equal to 104.750% of the face amount thereof with an amount equal to the net proceeds of one or more equity offerings, so long as at least 60% of the aggregate principal amount of the Notes issued remains outstanding following such redemption.\nThe indenture governing the Notes contains covenants that limit NCLC¡¯s ability (and its restricted subsidiaries¡¯ ability) to, among other things: (i) incur or guarantee additional indebtedness or issue certain preferred shares; (ii) pay dividends and make certain other restricted payments; (iii) create restrictions on the payment of dividends or other distributions to NCLC from its restricted subsidiaries; (iv) create liens on certain assets to secure debt; (v) make certain investments; (vi) engage in transactions with affiliates; (vii) engage in sales of assets and subsidiary stock; and (viii) transfer all or substantially all of its assets or enter into merger or consolidation transactions.\nThe indenture governing the Notes also provides for events of default, which, if any of them occurs, would permit or require the principal, premium (if any), interest and other monetary obligations on all of the then-outstanding Notes to become due and payable immediately.\nInterest expense, net for the year ended December 31, 2016 was $276.9 million which included $34.7 million of amortization of deferred financing fees and a $27.7 million loss on extinguishment of debt.\nInterest expense, net for the year ended December 31, 2015 was $221.9 million which included $36.7 million of amortization of deferred financing fees and a $12.7 million loss on extinguishment of debt.\nInterest expense, net for the year ended December 31, 2014 was $151.8 million which included $32.3 million of amortization of deferred financing fees and $15.4 million of expenses related to financing transactions in connection with the Acquisition of Prestige.\nCertain of our debt agreements contain covenants that, among other things, require us to maintain a minimum level of liquidity, as well as limit our net funded debt-to-capital ratio, maintain certain other ratios and restrict our ability to pay dividends.\nSubstantially all of our ships and other property and equipment are pledged as collateral for certain of our debt.\nWe believe we were in compliance with these covenants as of December 31, 2016.\nThe following are scheduled principal repayments on long-term debt including capital lease obligations as of December 31, 2016 for each of the next five years (in thousands):"}
{"_id": "d822f8074", "title": "", "text": "| Years ended December 31, 2015 2014 2013 | Net earnings | Non-cash items | Changes in working capital | Net cash provided by operating activities | Net cash (used)/provided by investing activities | Net cash used by financing activities | Effect of exchange rate changes on cash and cash equivalents | Net (decrease)/increase in cash and cash equivalents | Cash and cash equivalents at beginning of year | Cash and cash equivalents at end of period |"}
{"_id": "d8693f3d4", "title": "", "text": "4.\nFAIR VALUE GAAP guidance regarding fair value measurements address how companies should measure fair value when they are required to use fair value measures for recognition or disclosure purposes under GAAP and provides a common definition of fair value to be used throughout GAAP.\nIt defines fair value as the price that would be received to sell an asset or paid to transfer a liability in an orderly fashion between market participants at the measurement date.\nIn addition, it establishes a three-level valuation hierarchy for the disclosure of fair value measurements.\nThe valuation hierarchy is based on the transparency of inputs to the valuation of an asset or liability.\nThe level in the hierarchy within which a given fair value measurement falls is determined based on the lowest level input that is significant to the measurement, with Level 1 being the highest priority and Level 3 being the lowest priority.\nThe levels in the hierarchy are defined as follows: Level 1: Inputs to the valuation methodology are observable inputs that reflect unadjusted quoted prices for identical assets or liabilities in an active market; Level 2: Inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument; Level 3: Inputs to the valuation methodology are unobservable and significant to the fair value measurement.\nThe Company’s fixed maturity and equity securities are primarily managed by third party investment asset managers.\nThe investment asset managers obtain prices from nationally recognized pricing services.\nThese services seek to utilize market data and observations in their evaluation process.\nThey use pricing applications that vary by asset class and incorporate available market information and when fixed maturity securities do not trade on a daily basis the services will apply available information through processes such as benchmark curves, benchmarking of like securities, sector groupings and matrix pricing.\nIn addition, they use model processes, such as the Option Adjusted Spread model to develop prepayment and interest rate scenarios for securities that have prepayment features.\nOn November 18, 2014, the Company entered into a collateralized reinsurance agreement with Kilimanjaro to provide the Company with catastrophe reinsurance coverage.\nThis agreement is a multi-year reinsurance contract which covers specified earthquake events.\nThe agreement provides up to $500,000 thousand of reinsurance coverage from earthquakes in the United States, Puerto Rico and Canada.\nOn December 1, 2015 the Company entered into two collateralized reinsurance agreements with Kilimanjaro Re to provide the Company with catastrophe reinsurance coverage.\nThese agreements are multi-year reinsurance contracts which cover named storm and earthquake events.\nThe first agreement provides up to $300,000 thousand of reinsurance coverage from named storms and earthquakes in the United States, Puerto Rico and Canada.\nThe second agreement provides up to $325,000 thousand of reinsurance coverage from named storms and earthquakes in the United States, Puerto Rico and Canada.\nOn April 13, 2017 the Company entered into six collateralized reinsurance agreements with Kilimanjaro to provide the Company with annual aggregate catastrophe reinsurance coverage.\nThe initial three agreements are four year reinsurance contracts which cover named storm and earthquake events.\nThese agreements provide up to $225,000 thousand, $400,000 thousand and $325,000 thousand, respectively, of annual aggregate reinsurance coverage from named storms and earthquakes in the United States, Puerto Rico and Canada.\nThe subsequent three agreements are five year reinsurance contracts which cover named storm and earthquake events.\nThese agreements provide up to $50,000 thousand, $75,000 thousand and $175,000 thousand, respectively, of annual aggregate reinsurance coverage from named storms and earthquakes in the United States, Puerto Rico and Canada.\nRecoveries under these collateralized reinsurance agreements with Kilimanjaro are primarily dependent on estimated industry level insured losses from covered events, as well as, the geographic location of the events.\nThe estimated industry level of insured losses is obtained from published estimates by an independent recognized authority on insured property losses.\nAs of December 31, 2017, none of the published insured loss estimates for the 2017 catastrophe events have exceeded the single event retentions under the terms of the agreements that would result in a recovery.\nIn addition, the aggregation of the to-date published insured loss estimates for the 2017 covered events have not exceeded the aggregated retentions for recovery.\nHowever, if the published estimates for insured losses for the covered 2017 events increase, the aggregate losses may exceed the aggregate event retentions under the agreements, resulting in a recovery.\nKilimanjaro has financed the various property catastrophe reinsurance coverages by issuing catastrophe bonds to unrelated, external investors.\nOn April 24, 2014, Kilimanjaro issued $450,000 thousand of notes (\\\nSeries 2014-1 Notes\\\n).\nOn November 18, 2014, Kilimanjaro issued $500,000 thousand of notes (\\\nSeries 2014-2 Notes\\\n).\nOn December 1, 2015, Kilimanjaro issued $625,000 thousand of notes (\\\nSeries 2015-1 Notes\\\n).\nOn April 13, 2017, Kilimanjaro issued $950,000 thousand of notes (\\\nSeries 2017-1 Notes) and $300,000 thousand of notes (\\\nSeries 2017-2 Notes\\\n).\nThe proceeds from the issuance of the Notes listed above are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in US government money market funds with a rating of at least \\\nAAAm\\\n by Standard & Poor’s.9.\nOPERATING LEASE AGREEMENTS The future minimum rental commitments, exclusive of cost escalation clauses, at December 31, 2017, for all of the Company’s operating leases with remaining non-cancelable terms in excess of one year are as follows:"}
{"_id": "d87fc1d1e", "title": "", "text": "| Pension Other Benefits | 2015 | Discount rate | Rate of compensation increase | Initial healthcare trend rate | Ultimate healthcare trend rate | (Dollar amounts in millions) | Salaries and bonuses | Employee benefits: | Employee health and insurance | Retirement | Payroll taxes and other | Total benefits | Total salaries and employee benefits | Full-time equivalent employees at December 31 |"}
{"_id": "d8634d05c", "title": "", "text": "| Balance at January 1, 2011 $23,788 | Increases in current period tax positions | Decreases in current period tax positions | Balance at December 31, 2011 | Increases in current period tax positions | Decreases in current period tax positions | Balance at December 31, 2012 | Increases in current period tax positions | Decreases in current period tax positions | Balance at December 31, 2013 |"}
{"_id": "d86dabb66", "title": "", "text": "| Years Ended December 31, | 2009 | (in millions, except percentages) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Pretax income (loss) | October 31, | 2006 | (in thousands) | Computer and other equipment | Buildings | Furniture and fixtures | Land | Leasehold improvements | 522,964 | Less accumulated depreciation and amortization | Total property and equipment, net-1 |"}
{"_id": "d86793706", "title": "", "text": "LEGAL CONTINGENCIES Regions and its affiliates are subject to loss contingencies related to litigation and claims arising in the ordinary course of business.\nRegions evaluates these contingencies based on information currently available, including advice of counsel and assessment of available insurance coverage.\nRegions establishes accruals for litigation and claims when a loss contingency is considered probable and the related amount is reasonably estimable.\nAny accruals are periodically reviewed and may be adjusted as circumstances change.\nIn addition, as previously discussed, Regions has agreed to indemnify Raymond James for all legal matters resulting from preclosing activities in conjunction with the sale of Morgan Keegan and recorded an indemnification obligation at fair value in the second quarter of 2012.\nThe indemnification obligation had a carrying amount of $345 million and an estimated fair value of $329 million as of December 31, 2012 (see Note 21).\nFor certain matters, when able to do so, Regions also estimates loss contingencies for possible litigation and claims, whether or not there is an accrued probable loss.\nWhere Regions is able to estimate such possible losses, Regions estimates that it is reasonably possible it could incur losses, in excess of amounts accrued, in an aggregate amount up to approximately $40 million as of December 31, 2012, with it also being reasonably possible that Regions could incur no losses in excess of amounts accrued.\nThe legal contingencies included in the reasonably possible estimate include those that are subject to the indemnification agreement with Raymond James.\nAssessments of litigation and claims exposures are difficult due to many factors that involve inherent unpredictability.\nThose factors include the following: the varying stages of the proceedings, particularly in the early stages; unspecified damages; damages other than compensatory such as punitive damages; multiple defendants and jurisdictions; whether discovery has begun or not; and whether the claim involves a class-action.\nThere are numerous factors that result in a greater degree of complexity in class-action lawsuits as compared to other types of litigation.\nDue to the many intricacies involved in class-action lawsuits at the early stages of these matters, obtaining clarity on a reasonable estimate is difficult which may call into question its reliability.\nAs a result of some of these factors, Regions may be unable to estimate reasonably possible losses with respect to some of the matters disclosed below.\nThe aggregated estimated amount provided above therefore may not include an estimate for every matter disclosed below.\nBeginning in December 2007, Regions and certain of its affiliates have been named in class-action lawsuits filed in federal and state courts on behalf of investors who purchased shares of certain Regions Morgan Keegan Select Funds (the Funds) and shareholders of Regions.\nThese cases have been consolidated into class-actions and shareholder derivative actions for the open-end and closed-end Funds.\nThe Funds were formerly managed by Regions Investment Management, Inc.  (Regions Investment Management).\nRegions Investment Management no longer manages these Funds, which were transferred to Hyperion Brookfield Asset Management (Hyperion) in 2008.\nCertain of the Funds have since been terminated by Hyperion.\nThe complaints contain various allegations, including claims that the Funds and the defendants misrepresented or failed to disclose material facts relating to the activities of the Funds.\nPlaintiffs have requested equitable relief and unspecified monetary"}
{"_id": "d8d590bfa", "title": "", "text": "| 2016 2015 | (In millions) | ASSETS | Money market investments | Securities: | Held-to-maturity | Available-for-sale | Trading account | Total securities | Loans held for sale | Loans and leases2 | Commercial | Commercial Real Estate | Consumer | Total Loans and leases | Total interest-earning assets | Cash and due from banks | Allowance for loan losses | Goodwill | Core deposit and other intangibles | Other assets | Total assets | LIABILITIES | Interest-bearing deposits: | Saving and money market | Time | Foreign | Total interest-bearing deposits | Borrowed funds: | Federal funds purchased and other short-term borrowings | Long-term debt | Total borrowed funds | Total interest-bearing liabilities | Noninterest-bearing deposits | Other liabilities | Total liabilities | Shareholders’ equity: | Preferred equity | Common equity | Controlling interest shareholders’ equity | Noncontrolling interests | Total shareholders’ equity | Total liabilities and shareholders’ equity | Spread on average interest-bearing funds | Taxable-equivalent net interest income and net yield on interest-earning assets |"}
{"_id": "d86ec35c6", "title": "", "text": "| Range of Exercise Prices Number of Options Weighted Average Exercise Price Weighted Average Remaining Contractual Life | Options outstanding: | Less than $20.00 | $20.00–$29.99 | $30.00–$39.99 | $40.00–$50.00 | Greater than $50.00 | Total | Options exercisable: | Less than $20.00 | $20.00–$29.99 | $30.00–$39.99 | $40.00–$50.00 | Greater than $50.00 | Total | Qualified Pension | December 31 (Measurement Date) – in millions | Accumulated benefit obligation at end of year | Projected benefit obligation at beginning of year | Service cost | Interest cost | Actuarial losses and changes in assumptions | Participant contributions | Federal Medicare subsidy on benefits paid | Early Retirement Reinsurance Program payments received | Benefits paid | Projected benefit obligation at end of year | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contribution | Participant contributions | Federal Medicare subsidy on benefits paid | Benefits paid | Fair value of plan assets at end of year | Funded status | Amounts recognized in the statement of financial positions | Noncurrent asset | Current liability | Noncurrent liability | Net amount recognized on the balance sheet | Amounts recognized in accumulated other comprehensive income consist of: | Prior service cost (credit) | Net actuarial loss | Amount recognized in AOCI | Change in Assumption (a) | .5% decrease in discount rate | .5% decrease in expected long-term return on assets | .5% increase in compensation rate |"}
{"_id": "d86a58b30", "title": "", "text": "Virtio Corporation, Inc.  (Virtio) The Company acquired Virtio on May 15, 2006 in an all-cash transaction.\nReasons for the Acquisition.\nThe Company believes that its acquisition of Virtio will expand its presence in electronic system level design.\nThe Company expects the combination of the Company’s System Studio solution with Virtio’s virtual prototyping technology will help accelerate systems to market by giving software developers the ability to begin code development earlier than with prevailing methods.\nPurchase Price.\nThe Company paid $9.1 million in cash for the outstanding shares of Virtio, of which $0.9 million was deposited with an escrow agent and which will be paid to the former stockholders of Virtio pursuant to the terms of an escrow agreement.\nIn addition, the Company had a prior investment in Virtio of approximately $1.7 million.\nThe total purchase consideration consisted of:"}
{"_id": "d87c97dfa", "title": "", "text": "| 2014 Unrestricted/Securitized 2013 Unrestricted/Securitized | Retail notes: | Equipment: | Agriculture and turf | Construction and forestry | Total | Wholesale notes | Revolving charge accounts | Financing leases (direct and sales-type) | Operating loans | Total financing receivables | Less: | Unearned finance income: | Equipment notes | Financing leases | Total | Allowance for credit losses | Financing receivables – net |"}
{"_id": "d884c6c7e", "title": "", "text": "The following table provides a summary of the changes in accumulated other comprehensive income (loss) for the years presented:"}
{"_id": "d8e6e6922", "title": "", "text": "| Years Ended December 31, 2016 2015 2014 | AES Corporation | Chile | Colombia | Mexico | Philippines | United Kingdom | Argentina | Other | Total-1 |"}
{"_id": "d87dc6924", "title": "", "text": "Concentrations of Credit Risk (Equity Securities).\nThe Company was not exposed to any concentrations of credit risk in its equity securities holdings of any single issuer greater than 10% of the Company’s equity or 1% of total investments at December 31, 2010 and 2009."}
{"_id": "d8ce143d6", "title": "", "text": "| At December 31, | (dollar amounts in thousands) | Contract amount represents credit risk | Commitments to extend credit | Commercial | Consumer | Commercial real estate | Standby letters of credit |"}
{"_id": "d8a59798a", "title": "", "text": "Sale of Makena On January 16, 2008, the Company entered into a definitive agreement to sell full world-wide rights of its Makena (formerly Gestiva) pharmaceutical product to K-V Pharmaceutical Company (“KV”) upon FDA approval of the then pending Makena new drug application for $82.0 million.\nThe Company had received $9.5 million of this amount, which had been recorded as a deferred gain, and the remainder was due upon FDA approval.\nUnder this agreement, either party had the right to terminate the agreement if FDA approval was not obtained by February 19, 2010.\nOn January 8, 2010, the parties executed an amendment (“First Amendment”) to the agreement eliminating the date by which FDA approval must be received and extending the term indefinitely."}
{"_id": "d8d73ee3e", "title": "", "text": "| December 31, 2016 | Debt (inclusive of discount) | Revolving Credit Facility-1 | Term Loan-1 | Australian Dollar Term Loan (the \"AUD Term Loan\")(9) | 6% Notes due 2020-2(3)(4) | 43/8% Senior Notes due 2021 (\"the 43/8% Notes\")(2)(3)(4) | CAD Notes due 2021-2(5) | GBP Notes-2(4)(6) | 6% Notes due 2023-2(3) | 53/8% CAD Senior Notes due 2023 (the \"CAD Notes due 2023\")(2)(4)(5) | 53/4% Notes-2(3) | 53/8% Senior Notes due 2026 (the \"53/8% Notes\")(2)(4)(10) | Real Estate Mortgages, Capital Leases and Other-7 | Accounts Receivable Securitization Program-8 | Mortgage Securitization Program-11 | Total Long-term Debt | Less Current Portion | Long-term Debt, Net of Current Portion |"}
{"_id": "d89f60b48", "title": "", "text": "| September2013 September2014 September2015 September2016 September2017 September2018 | Apple Inc. | S&P 500 Index | S&P Information Technology Index | Dow Jones U.S. Technology Supersector Index |"}
{"_id": "d8715150e", "title": "", "text": "| 2011 Utility EntergyWholesaleCommodities* All Other Eliminations Consolidated | (In Thousands) | Operating revenues | Deprec., amort. & decomm. | Interest and investment income | Interest expense | Income taxes | Consolidated net income (loss) | Total assets | Investment in affiliates - at equity | Cash paid for long-lived assetadditions | 2011 | -$118,415 |"}
{"_id": "d8b48ddc2", "title": "", "text": "| Net sales Operating income | (Millions) | Coatings | Glass | Chemicals |"}
{"_id": "d8e96bc74", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements As of December 2016, the U. S.  federal and state and local net operating loss carryforwards were $207 million and $800 million, respectively.\nIf not utilized, the U. S.  federal net operating loss carryforward and the state and local net operating loss carryforward will begin to expire in 2017.\nIf these carryforwards expire, they will not have a material impact on the firm’s results of operations.\nAs of December 2016, foreign net operating loss carryforwards were $1.39 billion, substantially all of which do not expire.\nThe firm had no foreign tax credit carryforwards and no related net deferred income tax assets as of December 2016 and December 2015.\nThe firm had no capital loss carryforwards and no related net deferred income tax assets as of December 2016 and December 2015.\nThe valuation allowance increased by $42 million during 2016 and increased by $9 million during 2015.\nThe increases in 2016 and 2015 were primarily due to an increase in deferred tax assets from which the firm does not expect to realize any benefit.\nThe firm permanently reinvests eligible earnings of certain foreign subsidiaries and, accordingly, does not accrue any U. S.  income taxes that would arise if such earnings were repatriated.\nAs of December 2016 and December 2015, this policy resulted in an unrecognized net deferred tax liability of $6.18 billion and $5.66 billion, respectively, attributable to reinvested earnings of $31.24 billion and $28.55 billion, respectively.\nUnrecognized Tax Benefits The firm recognizes tax positions in the consolidated financial statements only when it is more likely than not that the position will be sustained on examination by the relevant taxing authority based on the technical merits of the position.\nA position that meets this standard is measured at the largest amount of benefit that will more likely than not be realized on settlement.\nA liability is established for differences between positions taken in a tax return and amounts recognized in the consolidated financial statements.\nThe accrued liability for interest expense related to income tax matters and income tax penalties was $141 million and $101 million as of December 2016 and December 2015, respectively.\nThe firm recognized interest expense and income tax penalties of $27 million, $17 million and $45 million for 2016, 2015 and 2014, respectively.\nIt is reasonably possible that unrecognized tax benefits could change significantly during the twelve months subsequent to December 2016 due to potential audit settlements.\nHowever, at this time it is not possible to estimate any potential change.\nThe table below presents the changes in the liability for unrecognized tax benefits.\nThis liability is included in “Other liabilities and accrued expenses.\n” See Note 17 for further information."}
{"_id": "d8c9f2794", "title": "", "text": "| Physical occupancy 95.0% | Revenue change | Expense change | NOI change | 2015 | Net sales | Operating profit | Operating margins | Backlog at year-end |"}
{"_id": "d88b067ec", "title": "", "text": "| Defined Benefit Pension Plan Postretirement Healthcare Plan Supplemental Executive Retirement Plan | Accumulated other comprehensive loss (income): | Net actuarial (gain) loss |"}
{"_id": "d8d3624aa", "title": "", "text": "| In millions 2015 2016 2017 2018 2019 Thereafter | Maturities of long-term debt (a) | Lease obligations | Purchase obligations (b) | Total (c) |"}
{"_id": "d8b7593d0", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | Service cost – including administrative expenses | Interest cost on projected benefit obligation | Expected return on plan assets | Recognition of net actuarial loss | Recognition of prior service costs | NET PERIODIC BENEFIT COST | Amortization of regulatory asset* | TOTAL PERIODIC BENEFIT COST | Cost capitalized | Reconciliation to rate level | Cost charged to operating expenses | Con Edison | (Millions of Dollars) | CHANGE IN PROJECTED BENEFIT OBLIGATION | Projected benefit obligation at beginning of year | Service cost – excluding administrative expenses | Interest cost on projected benefit obligation | Plan amendments | Net actuarial loss | Benefits paid | PROJECTED BENEFIT OBLIGATION AT END OF YEAR | CHANGE IN PLAN ASSETS | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contributions | Benefits paid | Administrative expenses | FAIR VALUE OF PLAN ASSETS AT END OF YEAR | FUNDED STATUS | Unrecognized net loss | Unrecognized prior service costs | Accumulated benefit obligation | Electric Derivatives | Number of Energy Contracts(a) | Con Edison | CECONY | (Millions of Dollars) | Aggregate fair value – net liabilities | Collateral posted | Additional collateral(b)(downgrade one level from current ratings) | Additionalcollateral(b)(downgrade to below investmentgrade from current ratings) |"}
{"_id": "d8ec31648", "title": "", "text": "| Period Total Number of Shares Purchased-1 Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs  (In millions) | October 2007 | November 2007 | December 2007 | Total Fourth Quarter | Goodwill | Amortizable intangible assets | Indefinite-lived intangible assets | Other net assets | Deferred income taxes | $919 |"}
{"_id": "d8af8aa14", "title": "", "text": "| (Dollars in millions) 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 Cumulative Re-estimates for Each Accident Year | Accident Years | 2005 and prior | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | Total calendar year effect | Canada-1 | Translation adjustment | Re-estimate of net reserve after translation adjustment | -1This adjustment converts Canadian dollars to U.S. dollars. | (Some amounts may not reconcile due to rounding.) | U.S. | 2016 | 2017 | 2018 | 2019 | 2020 | 2021–2025 |"}
{"_id": "d89629728", "title": "", "text": "| Twelve Months Ended December 31, 2017 Twelve Months Ended December 31, 2018 Total | (in millions) | Deferred tax revaluation from tax law change | Adoption of modified territorial system | Deemed repatriation | Total provision for income tax expense (benefit) |"}
{"_id": "d892f2636", "title": "", "text": "ASF Framework In December 2007, the American Securitization Forum (ASF) issued the Streamlined Foreclosure and Loss Avoidance Framework for Securitized Adjustable Rate Mortgage Loans (the ASF Framework).\nThe ASF Framework was developed to address a large number of subprime loans that are at risk of default when the loans reset from their initial fixed interest rates to variable rates.\nThe objective of the framework is to provide uniform guidelines for evaluating a large number of loans for refinancing in an efficient manner while complying with the relevant tax regulations and off-balance sheet accounting standards for loan securitizations.\nThe ASF Framework targets loans that were originated between January 1, 2005 and July 31, 2007, have an initial fixed interest rate period of 36 months or less and which are scheduled for their first interest rate reset between January 1, 2008 and July 31, 2010.\nThe ASF Framework categorizes the targeted loans into three segments.\nSegment 1 includes loans where the borrower is likely to be able to refinance into any available mortgage product.\nSegment 2 includes loans where the borrower is current but is unlikely to be able to refinance into any readily available mortgage product.\nSegment 3 includes loans where the borrower is not current.\nIf certain criteria are met, ASF Framework loans in Segment 2 are eligible for fast-track modification under which the interest rate will be kept at the existing initial rate, generally for five years following the interest rate reset date.\nUpon evaluation, if targeted loans do not meet specific criteria to be eligible for one of the three segments, they are categorized as other loans, as shown in the table below.\nThese criteria include the occupancy status of the borrower, structure and other terms of the loan.\nIn January 2008, the SECs Office of the Chief Accountant issued a letter addressing the accounting issues relating to the ASF Framework.\nThe letter concluded that the SEC would not object to continuing off-balance sheet accounting treatment for Segment 2 loans modified pursuant to the ASF Framework.\nFor those current loans that are accounted for off-balance sheet that are modified, but not as part of the ASF Framework, the servicer must perform on an individual basis, an analysis of the borrower and the loan to demonstrate it is probable that the borrower will not meet the repayment obligation in the near term.\nSuch analysis provides sufficient evidence to demonstrate that the loan is in imminent or reasonably foreseeable default.\nThe SECs Office of the Chief Accountant issued a letter in July 2007 stating that it would not object to continuing off-balance sheet accounting treatment for these loans.\nPrior to the acquisition of Countrywide on July 1, 2008, Countrywide began making fast-track loan modifications under Segment 2 of the ASF Framework in June 2008 and the off-balance sheet accounting treatment of QSPEs that hold those loans was not affected.\nIn addition, other workout activities relating to subprime ARMs including modifications (e. g. , interest rate reductions and capitalization of interest) and repayment plans were also made.\nThese initiatives have continued subsequent to the acquisition in an effort to work with all of our customers that are eligible and affected by loans that meet the requisite criteria.\nThese foreclosure prevention efforts will reduce foreclosures and the related losses providing a solution for customers and protecting investors.\nAs of December 31, 2009, the principal balance of beneficial interests issued by the QSPEs that hold subprime ARMs totaled $70.5 billion and the fair value of beneficial interests related to those QSPEs held by the Corporation totaled $9 million.\nThe following table presents a summary of loans in QSPEs that hold subprime ARMs as of December 31, 2009 as well as workout and other activity for the subprime loans by ASF categorization for 2009.\nPrior to the acquisition of Countrywide on July 1, 2008, we did not originate or service significant subprime residential mortgage loans, nor did we hold a significant amount of beneficial interests in QSPEs of subprime residential mortgage loans."}
{"_id": "d86a4187c", "title": "", "text": "| Year Ended December 31, | 2016 | Number of Simulations | Expected Volatility | Risk-Free Rate |"}
{"_id": "d8e3eb77c", "title": "", "text": "| Total Number ofShares (or Units)Purchased1 Average Price Paidper Share (or Unit)2 Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs3 Maximum Number (or Approximate Dollar Value)of Shares (or Units) that MayYet Be Purchased Under thePlans or Programs3 | October 1 - 31 | November 1 - 30 | December 1 - 31 | Total |"}
{"_id": "d8c8df80c", "title": "", "text": "| As of and for the Year Ended December 31, 2018 | (dollars in millions) | Net interest income-1 | Noninterest income | Total revenue | Noninterest expense | Profit before provision for credit losses | Provision for credit losses | Income (loss) before income tax expense (benefit) | Income tax expense (benefit) | Net income | Loans and leases (period-end)(2) | Average Balances: | Total assets | Total loans and leases-2 | Deposits | Interest-earning assets | Key Performance Metrics: | Net interest margin | Efficiency ratio | Loans-to-deposits ratio (average balances)(3) | Return on average total tangible assets | September 30, | 2007 | (In millions) | Warranty liability, beginning of year | Warranties issued | Changes in liability for pre-existing warranties | Settlements made | Warranty liability, end of year |"}
{"_id": "d8f8f83c2", "title": "", "text": "| (In millions) 2014 Budget Percent of Total | North America E&P | International E&P | Oil Sands Mining | Segment total | Corporate and other | Total capital, investment and exploration spending budget |"}
{"_id": "d8eedf840", "title": "", "text": "Stockholders’ Equity and Stock-Based Compensation Stockholder Rights Agreement On November 20, 2013, the Company’s Board of Directors declared a dividend of one preferred share purchase right (a “Right”) for each outstanding share of common stock, par value $0.01 per share, of the Company, to purchase from the Company one ten-thousandth of a share of newly designated Series A Junior Participating Preferred Stock, par value $0.01 per share, of the Company (the “Preferred Stock”) at a price of $107.00 per one ten-thousandth of a share of Preferred Stock, subject to adjustment as provided in the Rights Agreement.\nThe dividend is payable to stockholders of record at the close of business on December 2, 2013 (the “Record Date”).\nThe description and terms of the Rights are set forth in a Rights Agreement, dated as of November 21, 2013, as the same may be amended from time to time (the “Rights Agreement”), between the Company and American Stock Transfer & Trust Company, LLC, as Rights Agent.\nThe Rights Agreement became effective on November 21, 2013 (the “Effective Date”).\nUpon and following the Effective Date, Rights will be issued in respect of all outstanding shares of Common Stock on the Record Date, and for all shares of Common Stock issued after the Record Date and, subject to the terms described in the Rights Agreement, prior to the earliest of the Distribution Date (as defined in the Rights Agreement), the redemption of the Rights or the expiration of the Rights.\nSee table below for a reconciliation of acquisition/disposition related items:"}
{"_id": "d8dd2a870", "title": "", "text": "ITEM 4.\nSUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS There were no matters submitted to a vote of our security holders through solicitation of proxies or otherwise, during the fourth quarter of our fiscal year ended December 31, 2007."}
{"_id": "d8bef6804", "title": "", "text": "Auction Rate Securities and Restricted Cash At February 28, 2009, and March 1, 2008, we had $314 million and $417 million, respectively, of auction rate securities (ARS) recorded at fair value within equity and other investments in our consolidated balance sheets.\nThe majority of our ARS portfolio is AAA/Aaarated and collateralized by student loans, which are guaranteed 95% to 100% by the U. S.  government.\nSee Note 3, Investments, in the Notes to Consolidated Financial Statements, included in Item 8, Financial Statements and Supplementary Data, in this Annual Report on Form 10-K for more information.\nDue to the auction failures that began in mid-February 2008, we have been unable to liquidate many of our ARS.\nThe investment principal associated with our ARS subject to failed auctions will not be accessible until successful auctions occur, a buyer is found outside of the auction process, the issuers establish a different form of financing to replace these securities, or final payments come due according to the contractual maturities of the debt issues, which range from 8 to 40 years.\nWe intend to hold our ARS until we can recover the full principal amount through one of the means described above, and have the ability to do so based on our other sources of liquidity.\nOur liquidity is also affected by restricted cash that is pledged as collateral or restricted to use for vendor payables, general liability insurance, workers compensation insurance and customer warranty and insurance programs.\nRestricted cash was $487 million and $309 million at February 28, 2009, and March 1, 2008, respectively, and was included in other current assets."}
{"_id": "d8e879730", "title": "", "text": "| % of Total | $ Change  (In millions) | Institutional | Individual | International | Auto & Home | Corporate & Other | Total change, net of income tax |"}
{"_id": "d8e29df1e", "title": "", "text": "| (Millions of Dollars) Con Edison(a) CECONY(a) | Aggregate fair value – net liabilities | Collateral posted | Additional collateral(b) (downgrade one level from current ratings) | Additional collateral(b) (downgrade to below investment grade from currentratings) |"}
{"_id": "d899480ee", "title": "", "text": "| (Dollars in millions) Total Lessthan 1year 1-3years 3-5years After 5years | Long-term debt (including current portion) | Interest on debt | Pension and other postretirement cash requirements | Capital lease obligations | Operating lease obligations | Purchase obligations not recorded on the Consolidated Statements of Financial Position | Purchase obligations recorded on the Consolidated Statements of Financial Position | Total contractual obligations-1 |"}
{"_id": "d83b5a252", "title": "", "text": "Employee Stock Purchase Plan Under the 2003 Employee Stock Purchase Plan, we are authorized to issue up to 7,375,000 shares of common stock to our full-time employees, nearly all of whom are eligible to participate.\nUnder the terms of the Plan, employees can choose each year to have up to 20% of their annual compensation specified to purchase our common stock.\nShare purchases in any calendar year are limited to the lesser of 1,000 shares or shares with a fair market value of $25,000.\nThe purchase price of the stock is 85% of the market price on the day prior to the purchase date.\nUnder the Plan we sold approximately 532,000, 725,000 and 444,000 shares to employees during the years ended September 30, 2009, September 30, 2008 and September 30, 2007, respectively.\nThe compensation cost is calculated as the value of the 15% discount from market value and was $1.3 million, $2.9 million and $2.1 million during the years ended September 30, 2009, September 30, 2008 and September 30, 2007, respectively."}
{"_id": "d87f4fd7c", "title": "", "text": "| Date Altria Group, Inc. Altria Group, Inc. Peer Group S&P 500 | December 2011 | December 2012 | December 2013 | December 2014 | December 2015 | December 2016 |"}
{"_id": "d8196f4da", "title": "", "text": "| At December 31, | (Dollars in millions) | U.S. Reinsurance | International | Bermuda | Total | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d881637da", "title": "", "text": "| For the Years Ended | (In thousands) | Software development costs | Capitalized software costs | Capitalized costs related to share-based payments | Amortization of capitalized software costs | Total software development expense |"}
{"_id": "d8c8c18fc", "title": "", "text": "| Fiscal Years Ended January 31, | (Amounts in millions, except unit counts) | Net sales | Percentage change from comparable period | Calendar comparable sales increase | Operating income | Operating income as a percentage of net sales | Unit counts at period end | Retail square feet at period end |"}
{"_id": "d880b06a8", "title": "", "text": "| Year ended December 31,(in millions) 2012 2011 2010 | Repurchase liability at beginning of period | Realized losses(b) | Provision for repurchase losses(c) | Repurchase liability at end of period |"}
{"_id": "d88020a1c", "title": "", "text": "| Amount of Unrealized Gain (Loss) Recognized | Year Ended December 31, 2014 | Derivative | (In thousands) | Derivatives in fair value hedging relationships | Interest rate swap agreements: | Fixed rate long-term borrowings(a) | Derivatives not designated as hedging instruments | Trading: | Interest rate contracts(b) | Foreign exchange and other option and futures contracts(b) | Total |"}
{"_id": "d8a569ac6", "title": "", "text": "(1)  Our SBO portfolio consists of home equity loans and lines that were originally serviced by others.\nWe now service a portion of this portfolio internally.\n( 2) Excluded from the table above are loans held for sale totaling $281 million and $1.3 billion as of December 31, 2014 and 2013, respectively.\nLoans held for sale as of December 31, 2013 primarily related to the Chicago Divestiture.\nFor further discussion, see Note 17 “Divestitures and Branch Assets and Liabilities Held for Sale” to our audited Consolidated Financial Statements in Part II, Item 8 — Financial Statements and Supplementary Data, included elsewhere in this report.\n(3)  Mortgage loans serviced for others by our subsidiaries are not included above, and amounted to $17.9 billion and $18.7 billion at December 31, 2014 and 2013, respectively.\nOur loans and leases are disclosed in portfolio segments and classes.\nOur loan and lease portfolio segments are commercial and retail.\nThe classes of loans and leases are: commercial, commercial real estate, leases, residential mortgages, home equity loans, home equity lines of credit, home equity loans serviced by others, home equity lines of credit serviced by others, automobile, student, credit cards and other retail.\nAs of December 31, 2014, our loans and leases portfolio increased $7.6 billion, or 9%, to $93.4 billion compared to $85.9 billion as of December 31, 2013, reflecting growth in both retail and commercial.\nTotal commercial loans and leases of $43.2 billion grew $3.8 billion, or 10%, from $39.4 billion as of December 31, 2013.\nTotal retail loans of $50.2 billion increased $3.7 billion, or 8%, from $46.5 billion as of December 31, 2013, driven by a 35% increase in automobile loans reflecting both purchases associated with our flow purchase agreement and stronger originations.\nResidential mortgages increased 22%, reflecting the benefit of purchases and our decision to retain more originations on balance sheet.\nResults also reflected a reduction in home equity outstandings, including runoff in the serviced by others portfolio.\npublic debt and equity markets as well as our ability to sell trade accounts receivables, provide additional sources of short-term and long-term liquidity to fund current operations, debt maturities, and future investment opportunities.\nBased on our current financial position and expected economic performance, we do not believe that our liquidity will be adversely impacted by an inability to access our sources of financing."}
{"_id": "d8646ebe8", "title": "", "text": "| Payments Due by Period | Total | (In millions) | Operating lease obligations | Purchase obligations | 2023 Notes * | Convertible Senior Notes | Contractual interest payments | Current income tax payable and Unrecognized tax benefits | Other long-term contractual obligationsu | Total |"}
{"_id": "d871f34bc", "title": "", "text": "| 2010 2009 | Financial Services Businesses | REVENUES | Premiums | Policy charges and fee income | Net investment income | Asset management fees and other income | Realized investment gains (losses), net | Other-than-temporary impairments on fixed maturity securities | Other-than-temporary impairments on fixed maturity securities transferred to Other Comprehensive Income | Other realized investment gains (losses), net | Total realized investment gains (losses), net | Total revenues | BENEFITS AND EXPENSES | Policyholders’ benefits | Interest credited to policyholders’ account balances | Dividends to policyholders | Amortization of deferred policy acquisition costs | General and administrative expenses | Total benefits and expenses | INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE INCOME TAXES AND EQUITY IN EARNINGS OF OPERATING JOINTVENTURES | Income tax expense (benefit) | INCOME (LOSS) FROM CONTINUING OPERATIONS BEFORE EQUITY IN EARNINGS OF OPERATING JOINT VENTURES | Equity in earnings of operating joint ventures, net of taxes | INCOME (LOSS) FROM CONTINUING OPERATIONS | Income (loss) from discontinued operations, net of taxes | NET INCOME (LOSS) | Less: Income (loss) attributable to noncontrolling interests | NET INCOME (LOSS) ATTRIBUTABLE TO PRUDENTIAL FINANCIAL, INC. |"}
{"_id": "d86c4fdee", "title": "", "text": "| Years Ended December 31, | 2002 | (Dollars in thousands) | Current provision: | Federal | State | Deferred expense (benefit): | Federal | State | Income tax expense |"}
{"_id": "d8e5e583e", "title": "", "text": "| Payments due by | (in millions) | Long-term debt (Note 6) | Operating leases (Note 10) | Data Processing Agreement | Obligations (Note 10) | Outsourcing Agreements (Note 10) | $1,626.4 |"}
{"_id": "d8866b78c", "title": "", "text": "Automation and Control Solutions sales in 2003 increased by 7 percent compared with 2002 due to favorable effects of foreign exchange of 5 percent and acquisitions, net of the disposition of our Consumer Products business, of 4 percent, partially offset by the impact of lower prices and volumes of 1 percent each.\nSales increased by 11 percent for our Automation and Control Products businesses as the favorable effects of foreign exchange and acquisitions, mainly Invensys Sensor Systems (Invensys), more than offset the impact of the disposition of our Consumer Products business and lower volumes.\nSales for our Process Solutions business increased by 4 percent due to the favorable effect of foreign exchange partially offset by lower unit volumes.\nSales for our Building Solutions business increased by 2 percent as the favorable effect of foreign exchange more than offset lower volumes due to continued softness in the non-residential construction market.\nAutomation and Control Solutions segment profit in 2004 increased by 6 percent compared with 2003 due to the favorable effect of higher sales volumes partially offset by increased investments in sales and marketing initiatives and higher research and development costs to support new product introductions.\nAutomation and Control Solutions segment profit in 2003 decreased by 2 percent compared with 2002 due mainly to the decline in higher-margin energy-retrofit and discretionary spot sales in our Building Solutions business, and increased research and development expense and investments in sales and marketing initiatives, mainly in our Automation and Control Products and Building Solutions businesses, respectively.\nSegment profit was also adversely impacted in 2003 by pricing pressures mainly in our Automation and Control Products and Process Solutions businesses.\nTrends which may impact Automation and Control Solutions operating results in 2005 include: ?\nExtent, if any, of recovery in non-residential construction spending and capital spending on building and process automation.  ?\nConsolidation in the fire and security industry may result in increased competition."}
{"_id": "d86c6676a", "title": "", "text": "| 2009 2008 | December 31, (in millions) | Loans | Performing loans 90 days or more past due | Loans reported as trading assets | Loans | Nonaccrual loans | Loans reported as trading assets | Loans | Subtotal | All other performing loans | Loans reported as trading assets | Loans | Total loans | Long-term debt | Principal protected debt | Nonprincipal protected debt(a) | Total long-term debt | Long-term beneficial interests | Principal protected debt | Nonprincipal protected debt(a) | Total long-term beneficial interests |"}
{"_id": "d8ead86d4", "title": "", "text": "| (Dollars in millions, shares in thousands) 2009 2008 2007 2006 2005 | FTE basis data | Net interest income | Total revenue, net of interest expense | Net interest yield | Efficiency ratio | Reconciliation of average common shareholders’ equity to average tangible common shareholders’ equity | Common shareholders’ equity | Common Equivalent Securities | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible common shareholders’ equity | Reconciliation of average shareholders’ equity to average tangible shareholders’ equity | Shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible shareholders’ equity | Reconciliation of year end common shareholders’ equity to year end tangible common shareholders’ equity | Common shareholders’ equity | Common Equivalent Securities | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible common shareholders’ equity | Reconciliation of year end shareholders’ equity to year end tangible shareholders’ equity | Shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible shareholders’ equity | Reconciliation of year end assets to year end tangible assets | Assets | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible assets | Reconciliation of year end common shares outstanding to year end tangible common shares outstanding | Common shares outstanding | Assumed conversion of common equivalent shares | Tangible common shares outstanding |"}
{"_id": "d86c1f054", "title": "", "text": "As noted in the table above, Citigroup was “well capitalized” under the federal bank regulatory agency definitions at year end for both 2009 and 2008."}
{"_id": "d8cdb1e70", "title": "", "text": "| Years ended December 31, | 2017 | Stock-Settled Awards: | Awards granted | Weighted-average grant-date fair value (per award) | Total fair value of vested awards distributed | Cash-Settled Awards: | Awards granted | Weighted-average grant-date fair value (per award) | Total fair value of vested awards distributed | Performance-Based Awards: | Awards granted | Weighted-average grant-date fair value (per award) | Total fair value of vested awards distributed |"}
{"_id": "d89663e32", "title": "", "text": "| (In millions) Level 1 Level 2 Level 3 Total | Derivative instruments: | Commodity | Interest rate | Foreign currency | Total derivative instruments | Other assets | Total at fair value | (In millions) | Beginning balance | Total realized and unrealized losses: | Included in net income | Included in other comprehensive income | Purchases, sales, issuances and settlements, net | Ending balance |"}
{"_id": "d8ae71100", "title": "", "text": "Item 13.\nCertain Relationships and Related Transactions The information required by Item 13 appearing under the caption Ratification of the Appointment of Independent Registered Public Accounting Firm, in the companys proxy statement to be filed pursuant to Regulation 14A within 120 days after December 31, 2006, is incorporated herein by reference."}
{"_id": "d8d9f1802", "title": "", "text": "| Net realized/unrealized gains (losses) included in Transfers in and/or Purchases, issuances Unrealized gains | December 31, | In millions of dollars | Loans | Mortgage servicing rights | Other financial assets measured on a | recurring basis | Liabilities | Interest-bearing deposits | Federal funds purchased and securities | loaned or sold under agreements | to repurchase | Trading account liabilities | Securities sold, not yet purchased | Short-term borrowings | Long-term debt | Other financial liabilities measured on a | recurring basis |"}
{"_id": "d88cf8c44", "title": "", "text": "| Year Ended December 31, | 2011 | (In $ millions) | Employee termination benefits | Ticona Kelsterbach plant relocation | Plumbing actions | Insurance recoveries | Asset impairments | Plant/office closures | Commercial disputes | Other | Total |"}
{"_id": "d8a5581c2", "title": "", "text": "| Actual Capital Regulatory CapitalRequirements | December 31,2011 | (in millions) | RiverSource Life-1(2) | RiverSource Life of NY-1(2) | IDS Property Casualty-1(3) | Ameriprise Insurance Company-1(3) | ACC-4(5) | Threadneedle-6 | Ameriprise Bank, FSB-7 | AFSI-3(4) | Ameriprise Captive Insurance Company-3 | Ameriprise Trust Company-3 | AEIS-3(4) | Securities America, Inc.-3(4)(8) | RiverSource Distributors, Inc.-3(4) | Columbia Management Investment Distributors, Inc.-3(4) |"}
{"_id": "d8acc08c4", "title": "", "text": "| 30-59 Days Past Due-1 60-89 Days Past Due-1 90 Days orMorePast Due-2 Total PastDue 30 Daysor More Total Current or Less Than 30 Days Past Due-3 PurchasedCredit-impaired-4 Loans Accounted for Under the Fair Value Option TotalOutstandings | (Dollars in millions) | Consumer real estate | Core portfolio | Residential mortgage | Home equity | Non-core portfolio | Residential mortgage-5 | Home equity | Credit card and other consumer | U.S. credit card | Direct/Indirect consumer-6 | Other consumer-7 | Total consumer | Consumer loans accounted for under the fair value option-8 | Total consumer loans and leases | Commercial | U.S. commercial | Non-U.S. commercial | Commercial real estate-9 | Commercial lease financing | U.S. small business commercial | Total commercial | Commercial loans accounted for under the fair value option-8 | Total commercial loans and leases | Total loans and leases-10 | Percentage of outstandings |"}
{"_id": "d875b8d18", "title": "", "text": "| Ratings profile of VIE assets of the multi-seller conduits(a) Commercial paper funded Wt. avg. expected | December 31, 2008 | (in billions) | Asset types: | Credit card | Vehicle loans and leases | Trade receivables | Student loans | Commercial | Residential mortgage | Capital commitments | Rental car finance | Equipment loans and leases | Floorplan– vehicle | Floorplan– other | Consumer | Other | Total |"}
{"_id": "d8cd2160e", "title": "", "text": "| Year Ended December 31 2014 2013 | (In millions) | Revenues: | Other revenue, primarily operating | Total | Expenses: | Impairment of goodwill | Other operating expenses | Impairment of natural gas and oil properties | Operating | Interest | Total | Loss before income tax | Income tax benefit | Results of discontinued operations, net of income tax | Impairment loss, net of tax benefit of $62 | Loss from discontinued operations | Year Ended December 31 | (In millions) | Revenues: | Net investment income | Investment gains | Other revenues | Total | Expenses: | Insurance claims and policyholders’ benefits | Other operating expenses | Total | Income before income tax | Income tax expense | Results of discontinued operations, net of income tax | Loss on sale, net of tax benefit of $40 | Amounts attributable to noncontrolling interests | Income (loss) from discontinued operations |"}
{"_id": "d8a312750", "title": "", "text": "PART II CONTINGENCIES Litigation Accruals for Probable Losses We are exposed to litigation contingencies that, if realized, could have a material negative impact on our financial condition, results of operations and cash flows.\nAlthough, we deny liability in all currently threatened or pending litigation proceedings in which we are or may be a party and believe we have valid bases to contest all claims made against us, we have recorded a litigation contingency accrual for our reasonable estimate of probable loss for pending and threatened litigation proceedings, in aggregate, in millions, as follows:"}
{"_id": "d896b9e68", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements 4.\nINVESTMENTS (continued) Non-performing loans include those loans for which it is probable that amounts due according to the contractual terms of the loan agreement will not all be collected.\nNon-performing commercial mortgage and other loans identified in managements specific review of probable loan losses and the related allowance for losses at December 31, 2009 are as follows:"}
{"_id": "d8808fb56", "title": "", "text": "| Balance, December 31, 2002 $450,697,000 | Additions during period—depreciation and amortization expense | Deductions during period—disposition and retirements of property | Balance, December 31, 2003 | Additions during period—depreciation and amortization expense | Deductions during period—disposition and retirements of property | Balance, December 31, 2004 | Additions during period—depreciation and amortization expense | Deductions during period—disposition and retirements of property | Balance, December 31, 2005 |"}
{"_id": "d871ce478", "title": "", "text": "We conduct business in the following countries that hold 10 percent or more of our total consolidated Property, plant and equipment, net (in millions):"}
{"_id": "d86ada45a", "title": "", "text": "| Years Ended December 31, | (Dollars in thousands) | Reinsurance receivables and premium receivables |"}
{"_id": "d88143480", "title": "", "text": "| In millions of dollars December 31, 2010 December 31, 2009 | Carrying amount reported on the Consolidated Balance Sheet | Aggregate fair value in excess of unpaid principal balance | Balance of non-accrual loans or loans more than 90 days past due | Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due |"}
{"_id": "d81b3643a", "title": "", "text": "Our non-operating investment activity resulted in net losses of $12.7 million in 2009 and $52.3 million in 2008.\nThe improvement of nearly $40 million is primarily attributable to a reduction in the other than temporary impairments recognized on our investments in sponsored mutual funds in 2009 versus 2008.\nThe following table details our related mutual fund investment gains and losses (in millions) during the past two years."}
{"_id": "d8366a314", "title": "", "text": "| (Dollars in thousands) Carrying Amount Fair Value Unfunded Commitments | Non-marketable securities (fair value accounting): | Venture capital and private equity fund investments -1 | Non-marketable securities (equity method accounting): | Other investments -2 | Non-marketable securities (cost method accounting): | Venture capital and private equity fund investments -3 | Total |"}
{"_id": "d8f748478", "title": "", "text": "| 2010 2009 2008 | (in millions) | Total cash provided by (used in): | Operating activities | Investing activities | Financing activities | Effect of exchange rate changes on cash and cash equivalents | (Decrease) increase in cash and cash equivalents |"}
{"_id": "d8cc84aac", "title": "", "text": "| In millions 2016 2015 2014 | Net Sales | Operating Profit (Loss) | Asia Packaging restructuring and impairment | Asia Packaging goodwill impairment | Operating Profit Before Special Items |"}
{"_id": "d8f66c6c6", "title": "", "text": "Discontinued Operations During the second quarter of 2012, the Board of Directors authorized the sale of our Homecare business, which had previously been reported as part of the Merchant Gases operating segment.\nInterest Expense\n2014 vs.  2013 Interest incurred decreased $9.5.\nThe decrease was primarily due to a lower average interest rate on the debt portfolio which reduced interest by $13, partially offset by a higher average debt balance which increased interest by $6.\nThe change in capitalized interest was driven by a higher carrying value in construction in progress.2013 vs.  2012 Interest incurred increased $13.7.\nThe increase was driven primarily by a higher average debt balance for $41, partially offset by a lower average interest rate on the debt portfolio of $24.\nThe change in capitalized interest was driven by a decrease in project spending and a lower average interest rate."}
{"_id": "d8f0f2c04", "title": "", "text": "| 2010 2009 2008 | Income from cash and cash investments | Other interest income | Income from financial investments, net (Note E) | Other items, net | Total other, net |"}
{"_id": "d87528b1e", "title": "", "text": "| Range-1 | Weighted- average | Prepayment speed-3 | Loss severity-4 | Life default rate-5 |"}
{"_id": "d88940a84", "title": "", "text": "| (in millions) Premiums and Other Considerations Net Investment Income Net Realized Capital Gains (Losses) Total Revenues Operating Income | 2007 | Life insurance | Personal accident | Group products | Individual fixed annuities | Individual variable annuities | Total | 2006 | Life insurance(a) | Personal accident | Group products | Individual fixed annuities | Individual variable annuities | Total | 2005 | Life insurance | Personal accident | Group products | Individual fixed annuities | Individual variable annuities | Total | Percentage Increase/(Decrease) 2007 vs. 2006: | Life insurance | Personal accident | Group products | Individual fixed annuities | Individual variable annuities | Total | Percentage Increase/(Decrease) 2006 vs. 2005: | Life insurance | Personal accident | Group products | Individual fixed annuities | Individual variable annuities | Total |"}
{"_id": "d899e3c60", "title": "", "text": "D. R.  HORTON, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) 101 NOTE K – COMMITMENTS AND CONTINGENCIES Warranty Claims The Company provides its homebuyers with warranties for defects in structural elements, mechanical systems and other construction components of the home.\nWarranty liabilities are established by charging cost of sales for each home delivered based on management’s estimate of expected warranty-related costs and by accruing for existing warranty claims.\nThe Company’s warranty liability is based upon historical warranty cost experience in each market in which it operates and is adjusted to reflect qualitative risks associated with the types of homes built and the geographic areas in which they are built.\nThe estimation of these costs is subject to a high degree of variability due to uncertainties related to these factors.\nDue to the high degree of judgment required in establishing the liability for warranty claims, actual future costs could differ significantly from current estimated amounts, and it is not possible for the Company to make a reasonable estimate of the possible loss or range of loss in excess of its warranty liability.\nChanges in the Company’s warranty liability during fiscal 2018 and 2017 were as follows:"}
{"_id": "d84845926", "title": "", "text": "In 2011, cash from operations decreased primarily due to lower earnings.\nThe decrease in 2010 operating cash (versus 2009) was due to the change in working capital levels (as shown in the chart above).\nCash from operations in 2009 benefitted from a $186 million reduction in working capital that occurred as a result of the economy-induced sales contraction.\nThe following table presents key working capital measures at the end of the past two years.\n(1) The accounts receivable ratio represents the days of sales outstanding calculated as: ending net accounts receivable ÷ (net sales ÷ number of days in the year).\n(2) The inventory ratio represents days of inventory on hand calculated as: ending net inventory ÷ (cost of goods sold ÷ number of days in the year).\n(3) The accounts payable ratio represents the days of payables outstanding calculated as: ending accounts payable ÷ (cost of goods sold ÷ number of days in the year)."}
{"_id": "d8c555182", "title": "", "text": "| Preferred Stock Common Stock Paid-in Capital Retained Earnings Employee Stock Trust Accumulated Other Comprehensive Income (Loss) Common Stock Held in Treasury at Cost Common Stock Issued to Employee Trust Non- redeemable Non- controlling Interests Total Equity | BALANCE AT DECEMBER 31, 2011 | Net income applicable to Morgan Stanley | Net income applicable to nonredeemable noncontrolling interests | Dividends | Shares issued under employee plans and related tax effects | Repurchases of common stock | Net change in cash flow hedges | Pension, postretirement and other related adjustments | Foreign currency translation adjustments | Change in net unrealized gains on securities available for sale | Purchase of additional stake in the Wealth Management Joint Venture | Reclassification to redeemable noncontrolling interests | Other net increases | BALANCE AT DECEMBER 31, 2012 | Quoted Prices in Active Markets for Identical Assets (Level 1) | (dollars in millions) | Securities sold under agreements to repurchase | Other secured financings | Long-term borrowings | Total liabilities measured at fair value |"}
{"_id": "d897e434c", "title": "", "text": "| Gross  Goodwill At  December 31, 2010 Accumulated Impairment Losses Net  Goodwill At  December 31, 2010 Additions(A) Discontinued Operations(B) Pre-tax Impairment Charge Other(C) Net  Goodwill At  December 31, 2011 | Cabinets and Related Products | Plumbing Products | Installation and Other Services | Decorative Architectural Products | Other Specialty Products | Total |"}
{"_id": "d8f8e1550", "title": "", "text": "| Cumulative Total Return | 12/04 | Packaging Corporation of America | S & P 500 | S & P Midcap 400 | Peer Group |"}
{"_id": "d8ded88c0", "title": "", "text": "Table 11 NONACCRETABLE BALANCE  PRINCIPAL"}
{"_id": "d81ee4294", "title": "", "text": "| Year Ended December 31, | 2015 | Other revenue special item, net -1 | Mainline operating special items, net -2 | Regional operating special items, net -3 | Nonoperating special items, net -4 | Reorganization items, net -5 | Income tax special items, net -6 | Total |"}
{"_id": "d8d83b49a", "title": "", "text": "| Years Ended December 31, | 2012 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d86826452", "title": "", "text": "(c) Effective January 1, 2019, these assets were transferred from the Products Pipelines business segment to the Natural Gas Pipelines business segment.\n(d) Effective January 1, 2019, a small number of terminals were transferred between the Products Pipelines and Terminals business segments.\nCompetition Our Products Pipelines’ pipeline operations compete against proprietary pipelines owned and operated by major oil companies, other independent products pipelines, trucking and marine transportation firms (for short-haul movements of products) and railcars.\nOur Products Pipelines’ terminal operations compete with proprietary terminals owned and operated by major oil companies and other independent terminal operators, and our transmix operations compete with refineries owned by major oil companies and independent transmix facilities.\nTerminals Our Terminals business segment includes the operations of our refined petroleum product, crude oil, chemical, ethanol and other liquid terminal facilities (other than those included in the Products Pipelines business segment) and all of our petroleum coke, metal and ores facilities.\nOur terminals are located throughout the U. S.  and in portions of Canada.\nWe believe the location of our facilities and our ability to provide flexibility to customers help attract new and retain existing customers at our terminals and provide expansion opportunities.\nWe often classify our terminal operations based on the handling of either liquids or dry-bulk material products.\nIn addition, Terminals’ marine operations include Jones Act-qualified product tankers that provide marine transportation of crude oil, condensate and refined petroleum products between U. S.  ports.\nThe following summarizes our Terminals business segment assets, as of December 31, 2018:"}
{"_id": "d8177a896", "title": "", "text": "| Six Months Nine Months Twelve Months Fifteen Months | December 31, 2012Dollars in millions | Permanent Modifications | Home Equity | Second Quarter 2012 | First Quarter 2012 | Fourth Quarter 2011 | Third Quarter 2011 | Second Quarter 2011 | Residential Mortgages | Second Quarter 2012 | First Quarter 2012 | Fourth Quarter 2011 | Third Quarter 2011 | Second Quarter 2011 | Non-Prime Mortgages | Second Quarter 2012 | First Quarter 2012 | Fourth Quarter 2011 | Third Quarter 2011 | Second Quarter 2011 | Residential Construction | Second Quarter 2012 | First Quarter 2012 | Fourth Quarter 2011 | Third Quarter 2011 | Second Quarter 2011 | Temporary Modifications | Home Equity | Second Quarter 2012 | First Quarter 2012 | Fourth Quarter 2011 | Third Quarter 2011 | Second Quarter 2011 |"}
{"_id": "d8923b166", "title": "", "text": "| 12/31/2006 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 | Ball Corporation | DJ US Containers & Packaging | S&P 500 | For the Year Ended December 31, | (Millions of Dollars, except per share amounts) | Operating revenues | Energy costs | Operating income | Net income | Total assets (f)(g) | Long-term debt (f) | Total equity | Net Income per common share – basic | Net Income per common share – diluted | Dividends declared per common share | Book value per share | Average common shares outstanding(millions) | Stock price low | Stock price high |"}
{"_id": "d896ed98e", "title": "", "text": "| 2007 Compared to 2006  Increase (Decrease) Due To 2006 Compared to 2005 Increase (Decrease) Due To | Volume | Interest-earning banking assets: | Loans, net-1 | Margin receivables | Mortgage-backed and related available-for-sale securities | Available-for-sale investment securities | Trading securities | Cash and cash equivalents | Stock borrow and other | Total interest-earning banking assets-2 | Interest-bearing banking liabilities: | Retail deposits | Brokered certificates of deposit | Customer payables | Repurchase agreements and other borrowings | FHLB advances | Stock loan and other | Total interest-bearing banking liabilities | Change in net operating interest income |"}
{"_id": "d8c9f28d4", "title": "", "text": "Closed Block On April 7, 2000 (the Demutualization Date), MLIC converted from a mutual life insurance company to a stock life insurance company and became a wholly-owned subsidiary of MetLife, Inc.\nThe conversion was pursuant to an order by the New York Superintendent of Insurance (the Superintendent) approving MLICs plan of reorganization, as amended (the Plan).\nOn the Demutualization Date, MLIC established a closed block for the benefit of holders of certain individual life insurance policies of MLIC.\nAssets have been allocated to the closed block in an amount that has been determined to produce cash flows which, together with anticipated revenues from the policies included in the closed block, are reasonably expected to be sufficient to support obligations and liabilities relating to these policies, including, but not limited to, provisions for the payment of claims and certain expenses and taxes, and to provide for the continuation of policyholder dividend scales in effect for 1999, if the experience underlying such dividend scales continues, and for appropriate adjustments in such scales if the experience changes.\nAt least annually, the Company compares actual and projected experience against the experience assumed in the then-current dividend scales.\nDividend scales are adjusted periodically to give effect to changes in experience.\nThe closed block assets, the cash flows generated by the closed block assets and the anticipated revenues from the policies in the closed block will benefit only the holders of the policies in the closed block.\nTo the extent that, over time, cash flows from the assets allocated to the closed block and claims and other experience related to the closed block are, in the aggregate, more or less favorable than what was assumed when the closed block was established, total dividends paid to closed block policyholders in the future may be greater than or less than the total dividends that would have been paid to these policyholders if the policyholder dividend scales in effect for 1999 had been continued.\nAny cash flows in excess of amounts assumed will be available for distribution over time to closed block policyholders and will not be available to stockholders.\nIf the closed block has insufficient funds to make guaranteed policy benefit payments, such payments will be made from assets outside of the closed block.\nThe closed block will continue in effect as long as any policy in the closed block remains inforce.\nThe expected life of the closed block is over 100 years.\nIn the normal course of business, the Company is involved in various lawsuits and claims.\nIn addition, the Company is a party to a number of proceedings before federal and state regulatory agencies relating to environmental remediation.\nAlso, the Company, along with many other companies, has been named as a potentially responsible party (PRP) in a number of administrative proceedings for the remediation of various waste sites, including 15 active Superfund sites.\nCurrent laws potentially impose joint and several liabilities upon each PRP.\nIn assessing its potential liability at these sites, the Company has considered the following: whether responsibility is being disputed, the terms of existing agreements, experience at similar sites, and the Companys volumetric contribution at these sites.\nThe Companys policy is to accrue environmental investigatory and remediation costs for identified sites when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated.\nThe amount of liability recorded is based on an evaluation of currently available facts with respect to each individual site and includes such factors as existing technology, presently enacted laws and regulations, and prior experience in remediation of contaminated sites.\nThe liabilities recorded do not take into account any claims for recoveries from insurance or third parties.\nAs assessments and remediation progress at individual sites, the amounts recorded are reviewed periodically and adjusted to reflect additional technical and legal information that becomes available.\nAs of December 30, 2006 and December 31, 2005, the Company had reserves of $30.5 million and $21.3 million, respectively, for remediation activities associated with Company-owned properties as well as for Superfund sites, for losses that are probable and estimable.\nOf the 2006 amount, $9.2 million is classified as current and $21.3 million as long-term.\nThe range of environmental remediation costs that is reasonably possible is $24.6 million to $61.2 million which is subject to change in the near term.\nThe Company may be liable for environmental remediation of sites it no longer owns.\nLiabilities have been recorded on those sites in accordance with policy.\nThe environmental liability for certain sites that have cash payments that are fixed or reliably determinable have been discounted using a rate of 5.0%.\nThe discounted and undiscounted amount of the liability relative to these sites is $5.1 million and $8.1 million, respectively, as of December 30, 2006 and $5.0 million and $8.1 million, respectively, as of December 31, 2005.\nThe payments relative to these sites are expected to be $1.0 million in 2007, $1.7 million in 2008, $1.0 million in 2009, $0.3 million in 2010, $0.3 million in 2011 and $3.8 million thereafter.\nThe amount recorded for identified contingent liabilities is based on estimates.\nAmounts recorded are reviewed periodically and adjusted to reflect additional technical and legal information that becomes available.\nActual costs to be incurred in future periods may vary from the estimates, given the inherent uncertainties in evaluating certain exposures.\nSubject to the imprecision in estimating future contingent liability costs, the Company does not expect that any sum it may have to pay in connection with these matters in excess of the amounts recorded will have a materially adverse effect on its financial position, results of operations or liquidity T.  DISCONTINUED OPERATIONS During 2006, the Company disposed of two small businesses, the American appliance hinge and U. K.  decorator tools businesses, for $1.9 million in cash.\nThe related after-tax loss amounted to $1.1 million.\nOn December 4, 2004, the Company sold its home décor business for $87 million in a cash sale transaction, resulting in an after-tax gain of $24 million.\nOn March 2, 2004, the Company sold its residential entry door business for $161 million in cash, and recognized a $95 million after-tax gain thereon.\nAlso in 2004, the Company sold Friess, its German paint roller business for $6.4 million, and a loss of $3.6 million was recognized thereon.\nIn accordance with the provisions of SFAS No.144, Accounting for the Impairment or Disposal of Long-Lived Assets, the results of operations of the appliance hinge, U. K.  decorator tools, home décor, residential entry door, and Friess businesses for the current and prior periods have been reported as discontinued operations.\nIn addition, the assets and liabilities of the appliance hinge and U. K.  decorator tools businesses were classified as held for sale in the Consolidated Balance Sheet at December 31, 2005.\nThe divestures of these businesses were made pursuant to the Companys growth strategy which entails a reduction of risk associated with certain large customer concentrations and better utilization of resources to increase shareowner value.\nThe American appliance hinge business supplied hardware used to manufacture household appliances.\nThe U. K.  decorator tools business manufactured brushes, rollers and other paint sundries supplied to various retailers.\nThe home décor business supplied mirrored closet doors, closet organization products and wall décor products primarily through large retailers in North America and Europe.\nThe residential entry door business manufactured and distributed steel and fiberglass entry doors and components throughout North America.\nThe Friess business manufactured paint rollers in Germany and sold them into the private label market in continental Europe.\nOperating results of the U. K.  decorator tools, home décor, residential entry door, and Friess businesses, which were formerly included in the Consumer Products segment, and the appliance hinge business, which was formerly included in the Security Solutions segment, are summarized as follows:"}
{"_id": "d813f95d2", "title": "", "text": "(1) Amount represents AUM acquired in the First Reserve Transaction.\noccurs, at which time they are recorded as adjustments to interest expense over the term of the related notes.\nAt December 31, 2005, AOCI included a deferred loss of $4.1 million, net of tax, related to an interest rate swap.\nThis amount is being reclassified into earnings as adjustments to interest expense over the term of the Companys 51?4% senior notes due 2014.\nAt December 31, 2004, the amount of deferred loss included in AOCI was $4.6 million, net of tax.\nThe amounts amortized to interest expense were $0.8 million and $0.5 million for the years ending December 31, 2005 and 2004, respectively."}
{"_id": "d899e3d0a", "title": "", "text": "Legal Claims and Insurance The Company is named as a defendant in various claims, complaints and other legal actions in the ordinary course of business.\nAt any point in time, the Company is managing several hundred individual claims related to construction defect matters, personal injury claims, employment matters, land development issues, contract disputes and other matters.\nThe Company has established reserves for these contingencies based on the estimated costs of pending claims and the estimated costs of anticipated future claims related to previously closed homes.\nThe estimated liabilities for these contingencies were $408.1 million and $420.6 million at September 30, 2018 and 2017, respectively, and are included in accrued expenses and other liabilities in the consolidated balance sheets.\nApproximately 99% and 98% of these reserves related to construction defect matters at September 30, 2018 and 2017, respectively.\nExpenses related to the Company’s legal contingencies were $41.0 million, $87.8 million and $49.6 million in fiscal 2018, 2017 and 2016, respectively.\nThe Company’s reserves for construction defect claims include the estimated costs of both known claims and anticipated future claims.\nAs of September 30, 2018, no individual existing claim was material to the Company’s financial statements.\nThe Company has closed a significant number of homes during recent years and may be subject to future construction defect claims on these homes.\nAlthough regulations vary from state to state, construction defect issues can generally be reported for up to ten years after the home has closed in many states in which the Company operates.\nHistorical data and trends regarding the frequency of claims incurred and the costs to resolve claims relative to the types of products and markets where the Company operates are used to estimate the construction defect liabilities for both existing and anticipated future claims.\nThese estimates are subject to ongoing revision as the circumstances of individual pending claims and historical data and trends change.\nAdjustments to estimated reserves are recorded in the accounting period in which the change in estimate occurs."}
{"_id": "d885a08de", "title": "", "text": "| Total Acquisition Date Fair Value (in thousands) | Cash consideration | Contingent consideration | Total consideration transferred | As of December 31, 2008 | ($ in millions) | Cash and short-term positions easily convertible to cash available same day/next day | Other highly liquid investments-1 | Other liquid investments-2 | Total liquid | Percent of total consolidated cash and investments |"}
{"_id": "d88d22e5e", "title": "", "text": "| 2017 2016 2015 | Outstanding, beginning of year | Issued from treasury | Returned to treasury | Outstanding, end of year | Shares subject to the forward share purchase contract | Outstanding, less shares subject to the forward share purchase contract | 2017 | Employee stock purchase plan | Other stock-based compensation plans | Total shares reserved |"}
{"_id": "d8db8abe6", "title": "", "text": "| Amount of gain (loss) recognized in net income on derivatives for the year ended December 31, | Derivatives not designated as hedging instruments | (in millions) | Interest rate contracts | Foreign exchange contracts | Equity contracts | Credit contracts | Other contracts -1 | Total |"}
{"_id": "d89ed642a", "title": "", "text": "| Accounts receivable $94,506 | Other current assets | Identifiable intangibles | Goodwill | Other assets | Total assets acquired | Deferred revenue | Other current liabilities | Long-term deferred tax liability | Other liabilities | Net assets acquired |"}
{"_id": "d8b865850", "title": "", "text": "(2) Ratios are calculated as allowance for loan and lease losses as a percentage of loans and leases outstanding excluding loans measured in accordance with SFAS 159 for each loan and lease category.\nLoans measured at fair value include commercial  domestic loans of $3.5 billion and $3.5 billion, commercial-foreign loans of $1.7 billion and $790 million, and commercial real estate loans of $203 million and $304 million at December 31, 2008 and 2007.\n(3) Allowance for loan and leases losses at December 31, 2008 includes the benefit of amounts expected to be reimbursable under cash collateralized synthetic securitizations.\nExcluding these benefits the allowance to ending loans would be 0.69 percent.\nSee Residential Mortgage beginning on page 63 for more information.\n(4) Includes allowance for small business commercial  domestic loans of $2.4 billion and $1.4 billion at December 31, 2008 and 2007.\n(5) Includes allowance for loan and lease losses for impaired commercial loans of $691 million and $123 million at December 31, 2008 and 2007.  n/a = not applicable Market Risk Management Market risk is the risk that values of assets and liabilities or revenues will be adversely affected by changes in market conditions such as market movements.\nThis risk is inherent in the financial instruments associated with our operations and/or activities including loans, deposits, securities, short-term borrowings, long-term debt, trading account assets and liabilities, and derivatives.\nMarket-sensitive assets and liabilities are generated through loans and deposits associated with our traditional banking business, customer and proprietary trading operations, ALM process, credit risk mitigation activities and mortgage banking activities.\nIn the event of market volatility, factors such as underlying market movements and liquidity have an impact on the results of the Corporation.\nOur traditional banking loan and deposit products are nontrading positions and are reported at amortized cost for assets or the amount owed for liabilities (historical cost).\nGAAP requires a historical cost view of traditional banking assets and liabilities.\nHowever, these positions are still subject to changes in economic value based on varying market conditions, primarily changes in the levels of interest rates.\nThe risk of adverse changes in the economic value of our nontrading positions is managed through our ALM activities.\nWe have elected to fair value certain loan and deposit products in accordance with SFAS 159.\nFor further information on fair value of certain financial assets and liabilities, see Note 19  Fair Value Disclosures to the Consolidated Financial Statements.\nOur trading positions are reported at fair value with changes currently reflected in income.\nTrading positions are subject to various risk factors, which include exposures to interest rates and foreign exchange rates, as well as mortgage, equity, commodity, issuer and market liquidity risk factors.\nWe seek to mitigate these risk exposures by using techniques that encompass a variety of financial instruments in both the cash and derivatives markets.\nThe following discusses the key risk components along with respective risk mitigation techniques.\nInterest Rate Risk Interest rate risk represents exposures to instruments whose values vary with the level or volatility of interest rates.\nThese instruments include, but are not limited to, loans, debt securities, certain trading-related assets and liabilities, deposits, borrowings and derivative instruments.\nHedging instruments used to mitigate these risks include related derivatives such as options, futures, forwards and swaps.\nForeign Exchange Risk Foreign exchange risk represents exposures to changes in the values of current holdings and future cash flows denominated in other currencies.\nThe types of instruments exposed to this risk include investments in foreign subsidiaries, foreign currency-denominated loans and securities, future cash flows in foreign currencies arising from foreign exchange transactions, foreign currency-denominated debt and various foreign exchange derivative instruments whose values fluctuate with changes in the level or volatility of currency exchange rates or foreign interest rates.\nHedging instruments used to mitigate this risk include foreign exchange options, currency swaps, futures, forwards, foreign currency denominated debt and deposits.\n° Level 3 Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.\nThis hierarchy requires the Company to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value.\nThe Company determines the fair value of structured liabilities (where performance is linked to structured interest rates, inflation or currency risks) using the London InterBank Offer Rate (LIBOR) swap curve and forward interest and exchange rates at period end.\nSuch instruments are classified as Level 2 based on the observability of significant inputs to the model.\nThe Company does not have any instruments classified as Level 1 or Level 3, other than those included in pension asset trusts included in Note 14.\nThese valuations take into consideration the Companys credit risk and its counterparties credit risk.\nThe estimated change in the fair value of these instruments due to such changes in its own credit risk (or instrumentspecific credit risk) was immaterial as of December 31, 2016.\nThe amounts recorded in the balance sheet (carrying amount) and the estimated fair values of financial instruments at December 31 consisted of the following:"}
{"_id": "d8e533c2e", "title": "", "text": "| Allowance for doubtful accounts receivable: Balance atBeginningof Period Charges toExpenses Deductions Balance atEnd ofPeriod | January 3, 2015 | January 2, 2016 | December 31, 2016 |"}
{"_id": "d80ee281e", "title": "", "text": "| A.M. Best Company, Inc. Standard & Poor's Ratings Services Moody's Investors Service Fitch Ratings Ltd. | Financial Strength Ratings | RiverSource Life | IDS Property Casualty Insurance Company | Credit Ratings | Ameriprise Financial, Inc. |"}
{"_id": "d88038892", "title": "", "text": "Discontinued Operations The Company previously operated Boston Market in the U. S. , which it sold in August 2007.\nAs a result of the disposal, Boston Markets results of operations and transaction gain are reflected as discontinued operations.\nIn connection with the sale, the Company received proceeds of approximately $250 million and recorded a gain of $68.6 million after tax.\nIn addition, Boston Markets net loss for 2007 was $8.5 million.\nBoston Markets results of operations for 2007 (exclusive of the transaction gains), which previously were included in Other Countries & Corporate, consisted of $444.1 million of revenues and a pretax loss of $17.0 million.\nLatam Transaction In August 2007, the Company completed the sale of its businesses in Brazil, Argentina, Mexico, Puerto Rico, Venezuela and 13 other countries in Latin America and the Caribbean, which totaled 1,571 restaurants, to a developmental licensee organization.\nThe Company refers to these markets as Latam.\nBased on approval by the Companys Board of Directors on April 17, 2007, the Company concluded Latam was held for sale as of that date in accordance with guidance on the impairment or disposal of long-lived assets.\nAs a result, the Company recorded an impairment charge of $1.7 billion in 2007, substantially all of which was noncash.\nThe total charges for the full year included $895.8 million for the difference between the net book value of the Latam business and approximately $675 million in cash proceeds received.\nThis loss in value was primarily due to a historically difficult economic environment coupled with volatility experienced in many of the markets included in this transaction.\nThe charges also included historical foreign currency translation losses of $769.5 million recorded in shareholders equity.\nThe Company recorded a tax benefit of $62.0 million in connection with this transaction.\nThe tax benefit was minimal in 2007 due to the Companys inability to utilize most of the capital losses generated by this transaction.\nAs a result of meeting the held for sale criteria, the Company ceased recording depreciation expense with respect to Latam effective April 17, 2007.\nIn connection with the sale, the Company agreed to indemnify the buyers for certain tax and other claims, certain of which are reflected on McDonalds Consolidated balance sheet (2009: other long-term liabilities$71.8 million; accrued payroll and other liabilities$25.3 million; 2008: other long-term liabilities$141.8 million).\nThe change in the total balance was primarily a result of the resolution of certain of these liabilities as well as the impact of foreign currency translation.\nThe Company mitigates the currency impact to income of these foreign currency denominated liabilities through the use of forward foreign exchange agreements.\nThe buyers of the Companys operations in Latam entered into a 20-year master franchise agreement that requires the buyers, among other obligations to (i) pay monthly royalties commencing at a rate of approximately 5% of gross sales of the restaurants in these markets, substantially consistent with market\nChanges in our performance retention awards during 2009 were as follows:"}
{"_id": "d86089ce4", "title": "", "text": "| 2010 2009 | (In thousands) | Balance as of January 1 | Increases related to prior years’ tax positions | Increases related to current year tax positions | Settlements with taxing authorities | Expiration of the statute of limitations | Balance at December 31 |"}
{"_id": "d899f1c8e", "title": "", "text": "| As of and for the Year Ended December 31, | (dollars in millions) | Net interest income | Noninterest income | Total revenue | Noninterest expense | Profit before provision for credit losses | Provision for credit losses | Income before income tax expense | Income tax expense | Net income | Loans and leases and loans (year-end)(1) | Average Balances: | Total assets | Total loans and leases-1 | Deposits | Interest-earning assets | Key Performance Metrics: | Net interest margin | Efficiency ratio | Loans-to-deposits ratio (average balances)(2) | Return on average total tangible assets |"}
{"_id": "d8692d8b4", "title": "", "text": "| December 31, (in millions) 2009 2008 | Outstanding balance(a) | Carrying amount |"}
{"_id": "d899c5792", "title": "", "text": "| December 31, | 2017 | (in thousands) | Consolidated Balance Sheet Data: | Cash, cash equivalents and marketable securities | Working capital | Total assets | Total indebtedness-1 | Total deferred revenue | Total stockholders’ equity |"}
{"_id": "d8ee84184", "title": "", "text": "| Year ended December 31, | 2005 | (in millions) | New annualized premiums: | On an actual exchange rate basis: | International Insurance, excluding Gibraltar Life | Gibraltar Life | Total | On a constant exchange rate basis: | International Insurance, excluding Gibraltar Life | Gibraltar Life | Total |"}
{"_id": "d8ca88564", "title": "", "text": "Drilling ActivityThe results of crude oil and natural gas wells drilled and completed for each of the last three years were as follows:\n(1) Does not include wells drilled but not yet completed.\nA productive well is an exploratory or a development well that is not a dry well.\nA dry well (hole) is an exploratory or a development well found to be incapable of producing either oil or gas in sufficient quantities to justify completion as an oil or gas well.\nAn exploratory well is a well drilled to find and produce crude oil or natural gas in an unproved area, to find a new reservoir in a field previously found to be productive of crude oil or natural gas in another reservoir, or to extend a known reservoir.\nA development well, for purposes of the table above and as defined in the rules and regulations of the SEC, is a well drilled within the proved area of a crude oil or natural gas reservoir to the depth of a stratigraphic horizon known to be productive.\nThe number of wells drilled refers to the number of wells completed at any time during the respective year, regardless of when drilling was initiated.\nCompletion refers to the installation of permanent equipment for the production of crude oil or natural gas, or in the case of a dry hole, to the reporting of abandonment to the appropriate agency.\nIn addition to the wells drilled and completed during 2007 included in the table above, at December 31, 2007, we were drilling or completing 2 gross (1.0 net) development wells offshore US, 223 gross (192.3 net) development wells and 4 gross (3.3 net) exploratory wells onshore US and one gross (0.1 net) development well in Argentina.\nMarketing ActivitiesWe seek opportunities to enhance the value of our US natural gas production by marketing directly to end-users and aggregating natural gas to be sold to natural gas marketers and pipelines.\nWe also engage in the purchase and sale of third-party crude oil and natural gas production.\nSuch third-party production may be purchased from non-operators who own working interests in our wells or from other producers properties in which we own no interest.\nNatural gas produced in the US is sold predominately under short-term or long-term contracts at market-based prices.\nIn Equatorial Guinea and Israel, we sell natural gas to end-users under long-term contracts at negotiated prices.\nDuring 2007, approximately 12% of natural gas sales were made pursuant to long-term contracts.\nCrude oil and condensate produced in the US and foreign locations is generally sold under short-term contracts at market-based prices adjusted for location and quality.\nIn China, we sell crude oil into the local market under a longterm contract at market-based prices.\nCrude oil and condensate are distributed through pipelines and by trucks or tankers to gatherers, transportation companies and refineries."}
{"_id": "d8170ca26", "title": "", "text": "| 2016 $95.3 | 2017 | 2018 | 2019 | 2020 | Thereafter | Total |"}
{"_id": "d8b97f092", "title": "", "text": "| (in millions) 2009 2008 2007 | Additions to property, plant and equipment | Change in capital accruals | Discontinued operations | Capital expenditures |"}
{"_id": "d8a7c2570", "title": "", "text": "| 2006 2005 2004 | Weighted average fair value of options granted | Expected volatility | Distribution yield | Expected life of options in years | Risk-free interest rate |"}
{"_id": "d813cd34c", "title": "", "text": "Oil Sands Mining The Oil Sands Mining segment produces and sells various qualities of synthetic crude oil.\nOutput mix can be impacted by operational problems or planned unit outages at the mines or upgrader.\nSales prices for roughly two-thirds of the normal output mix has historically tracked movements in WTI and one-third has historically tracked movements in the Canadian heavy crude oil marker, primarily WCS.\nThe WCS discount to WTI has been increasing on average in each year presented below.\nDespite a wider WCS discount in 2013, our average Oil Sands Mining price realizations increased due to a greater proportion of higher value synthetic crude oil sales volumes compared to 2012.\nThe operating cost structure of the Oil Sands Mining operations is predominantly fixed and therefore many of the costs incurred in times of full operation continue during production downtime.\nPer-unit costs are sensitive to production rates.\nKey variable costs are natural gas and diesel fuel, which track commodity markets such as the AECO natural gas sales index and crude oil prices, respectively.\nThe table below shows average benchmark prices that impact both our revenues and variable costs:"}
{"_id": "d8a391104", "title": "", "text": "CECONY 3.2.1.1 Restated Certificate of Incorporation of CECONY filed with the Department of State of the State of New York on December?31, 1984.\n(Designated in the Annual Report on Form 10-K of CECONY for the year ended December?31, 1989 (File No.1-1217) as Exhibit 3 (a)) 3.2.1.2 The following certificates of amendment of Restated Certificate of Incorporation of CECONY filed with the Department of State of the State of New York, which are designated as follows:"}
{"_id": "d8f415ada", "title": "", "text": "reduce water usage by 20% by 2020.\nThis progressive regulation enables utilities to encourage water efficiency, as revenues are not tied to sales.\nSimilarly, New York has implemented a surcharge or credit based on the difference between actual net revenues and the revenues allowed in the most recent rate order.\nCalifornia also has a multi-year cost of capital proceeding outside of the general rate case process.\nThis proceeding authorizes the utilitys capital structure and authorized rates of return, as well as provides an automatic adjustment mechanism that triggers an adjustment to the authorized cost of capital if the Moodys utility bond index changes beyond certain thresholds on an annual basis.\nWe pursue positive regulatory policies as part of our rate and revenue management program to enhance our ability to provide high quality, sustainable, cost effective service to customers, to facilitate efficient recovery of our costs and investments, and to ensure positive short-term liquidity and long-term profitability for a financially stable company which benefits our customers, employees and shareholders.\nThe ability to seek regulatory treatment as described above does not guarantee that the state PUCs will accept our proposal in the context of a particular rate case, and these policies will reduce, but not eliminate, regulatory lag associated with traditional rate making processes.\nHowever, the Company strives to use these and other regulatory policies to address issues of regulatory lag wherever appropriate.\nIt is also our strategy to expand their use in areas where they may not currently apply.\nCustomers We have a large and geographically diverse customer base in our Regulated Businesses.\nAn active customer is defined as a party with an active agreement to receive a specific service from a connection to our water or wastewater system as of the last business day of each monthly reporting period.\nAlso, as in the case of apartment complexes, businesses and many homes, multiple individuals may be served by a single contract.\nResidential customers make up the majority of our customer base in all of the states in which we operate.\nIn 2014, residential customers accounted for 91.0% of the customers, 59.3% of the operating revenues and approximately 50.4% of the billed water sales of our Regulated Businesses.\nWe also serve commercial customers, such as shops and businesses; industrial customers, such as large-scale manufacturing and production operations; and public authorities, such as government buildings and other public sector facilities, including schools.\nWe also supply water to public fire hydrants for firefighting purposes, to private fire customers for use in fire suppression systems in office buildings and other facilities, as well as providing bulk water supplies to other water utilities for distribution to their own customers.\nThe vast majority of our regulated water customers are metered, which allows us to measure and bill for our customers water consumption, typically on a monthly basis.\nOur wastewater customers are billed either on a fixed charge basis or based on their water consumption.\nIn fiscal year 2014, no single Regulated Businesses customer accounted for more than 10% of our consolidated annual operating revenues.\nThe following table sets forth the number of water and wastewater customers (by customer class) for our Regulated Businesses as of December 31, 2014, 2013, and 2012:"}
{"_id": "d8e541bc6", "title": "", "text": "| December 31, 2017 | (in millions) | Recorded Investment: | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Automobile | Education | Credit cards | Other retail | Total |"}
{"_id": "d85e3eaac", "title": "", "text": "| Period TotalNumber ofShares(or Units)Purchased(1) AveragePrice Paidper Share(orUnit) Total Number ofShares (or Units)Purchased asPart ofPublicly AnnouncedPlans or Programs MaximumNumber(or Approximate Dollar Value)of Shares (or Units) thatMayYet be Purchased Under thePlans orPrograms | October 1 – October 31,2005 | November1 – November 30,2005 | December1 – December 31, 2005 | Total |"}
{"_id": "d81139478", "title": "", "text": "| Year Ended  December 28,  2003 Year Ended  December 29,  2002 Year Ended  December 30,  2001 | Weighted average risk-free interest rate | Expected dividend yield | Weighted average volatility | Estimated life (in years) | Weighted average fair value of options granted | Contractual obligations by | period as of June 30, 2010 | Operating lease obligations | Capital lease obligations | Notes payable, including accrued interest | Purchase obligations | Total |"}
{"_id": "d8ab28bf6", "title": "", "text": "| December 31, 2018 | AmortizedCost | (in millions) | Fixed maturities, held-to-maturity: | Foreign government bonds | Foreign corporate public securities | Foreign corporate private securities-5 | Residential mortgage-backed securities-3 | Total fixed maturities, held-to-maturity-5 |"}
{"_id": "d8d5049a2", "title": "", "text": "| Amounts Recognized in Income | 2009 | (Dollars in millions) | Derivatives designated as fair value hedges | Interest rate risk on long-term debt-1 | Interest rate and foreign currency risk on long-term debt-1 | Interest rate risk on available-for-sale securities(2, 3) | Commodity price risk on commodity inventory(4) | Total-5 | 2009 | (Dollars in millions, amounts pre-tax) | Derivatives designated as cash flow hedges | Interest rate risk on variable rate portfolios-2, 3, 4, 5 | Commodity price risk on forecasted purchases and sales-6 | Price risk on equity investments included in available-for-sale securities | Total-7 | Net investment hedges | Foreign exchange risk-8 |"}
{"_id": "d8b8275be", "title": "", "text": "| Location Approximate Square Feet Operation LeaseExpiration Dates | San Diego, CA | San Francisco Bay Area, CA | Singapore | Cambridge, United Kingdom* | Eindhoven, the Netherlands | Madison, WI* | Other* |"}
{"_id": "d89a3858a", "title": "", "text": "| Actual For Capital Adequacy  Under Purposes To Be Well Capitalized  Prompt Corrective  Action Provisions | Amount | Total risk-based capital ratio-1 | Tier 1 risk-based capital ratio-2 | Tier 1 capital ratio (leverage)(3) | Tangible equity ratio-4 |"}
{"_id": "d8d5dd70c", "title": "", "text": "| (In millions) 2010 2009 2008 | Net sales | Operating profit | Operating margin | Backlog at year-end |"}
{"_id": "d87445238", "title": "", "text": "| December 31, | Useful Lives | Computer hardware and software | Leasehold improvements | Furniture and equipment | Equipment under capital leases | Total cost | Accumulated depreciation and amortization | Property and equipment, net | Year Ended December 31, | 2014 | (Dollars in thousands) | Revenue | Costs and expenses: | Cost of services | Operating, administrative and other | Depreciation and amortization | Non-amortizable intangible asset impairment | Total costs and expenses | Gain on disposition of real estate | Operating income | Equity income from unconsolidated subsidiaries | Other income | Interest income | Interest expense | Write-off of financing costs | Income from continuing operations before provision for income taxes | Provision for income taxes | Income from continuing operations | Income from discontinued operations, net of income taxes | Net income | Less: Net income (loss) attributable to non-controlling interests | Net income attributable to CBRE Group, Inc. | EBITDA -1 | EBITDA, as adjusted -1 |"}
{"_id": "d8b2d576e", "title": "", "text": "PENSION BENEFITS The Company and certain of its subsidiaries sponsor defined benefit pension plans and defined contribution plans that cover a substantial portion of its worldwide employees.\nThe principal defined benefit pension plans are the U. S.  salaried pension plan and the U. K.  pension plan.\nThese plans were closed to new participants in 2005, after which defined contribution plans were offered to new employees.\nThe shift to defined contribution plans is expected to continue to reduce volatility of both plan expense and contributions.\nThe fair market value of plan assets for our defined benefit pension plans as of the 30 September 2018 measurement date decreased to $4,273.1 from $4,409.2 at the end of fiscal year 2017.\nThe projected benefit obligation for these plans was $4,583.3 and $5,107.2 at the end of fiscal years 2018 and 2017, respectively.\nThe net unfunded liability decreased $387.8 from $698.0 to $310.2, primarily due to higher discount rates and favorable asset experience.\nRefer to Note 16, Retirement Benefits, to the consolidated financial statements for comprehensive and detailed disclosures on our postretirement benefits."}
{"_id": "d8199caca", "title": "", "text": "Other Animal Health Animal Health includes pharmaceutical and vaccine products for the prevention, treatment and control of disease in all major farm and companion animal species.\nAnimal Health sales are affected by intense competition and the frequent introduction of generic products.\nGlobal sales of Animal Health products grew 11% in 2011 to $3.3 billion from $2.9 billion in 2010.\nForeign exchange favorably affected global sales performance by 3% in 2011.\nThe increase in sales was driven by positive performance among cattle, swine, poultry and companion animal products.\nGlobal sales of Animal Health products were $494 million for the post-Merger period in 2009.\nConsumer Care Consumer Care products include over-the-counter, foot care and sun care products such as Claritin non-drowsy antihistamines; Dr.  Scholl’s foot care products; Coppertone sun care products; and MiraLAX, a treatment for occasional constipation.\nGlobal sales of Consumer Care products increased 1% in 2011 to $1.8 billion reflecting strong performance of Coppertone, offset by declines in Dr.  Scholl’s and Claritin.\nConsumer Care product sales were $149 million for the post-Merger period in 2009.\nConsumer Care product sales are affected by competition and consumer spending patterns.\nAlliances AstraZeneca has an option to buy Merck’s interest in a subsidiary, and through it, Merck’s interest in Nexium and Prilosec, exercisable in 2012, and the Company believes that it is likely that AstraZeneca will exercise that option (see “Selected Joint Venture and Affiliate Information” below).\nIf AstraZeneca exercises its option, the Company will no longer record equity income from AZLP and supply sales to AZLP will decline substantially."}
{"_id": "d89c92ac4", "title": "", "text": "| December 31, (in millions) 2003 2002 | Securities purchased under resale agreements | Securities borrowed | Securities sold under repurchase agreements | Securities loaned |"}
{"_id": "d8ef7f7dc", "title": "", "text": "| Global Networks InternationalSubscribers(millions) Regional Networks InternationalSubscribers(millions) | Discovery Channel | Animal Planet | TLC, Real Time and Travel & Living | Discovery Science | Investigation Discovery | Discovery Home & Health | Turbo | Discovery World |"}
{"_id": "d897d0afe", "title": "", "text": "| As a percentage of average corporate loans 0.08% 0.10% 0.08% 0.09% 0.79% | Allowance for loan losses at end of period-13 | Citicorp | Citi Holdings | Total Citigroup | Allowance by type | Consumer | Corporate | Total Citigroup |"}
{"_id": "d8187d7d4", "title": "", "text": "| Years Ended(In Millions) Dec 30,2017 Dec 31,2016 Dec 26,2015 | Net cash provided by operating activities | Net cash used for investing activities | Net cash provided by (used for) financing activities | Net increase (decrease) in cash and cash equivalents |"}
{"_id": "d8c0f5c22", "title": "", "text": "| Years ended December 31, 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 | (In thousands, except per share, Team Members, stores and ratio data) | INCOME STATEMENT DATA: | Sales ($) | Cost of goods sold, including warehouse and distribution expenses | Gross profit | Selling, general and administrative expenses | Former CSK officer clawback | Legacy CSK Department of Justice investigation charge | Operating income | Write-off of asset-based revolving credit agreement debt issuance costs | Termination of interest rate swap agreements | Gain on settlement of note receivable | Other income (expense), net | Total other income (expense) | Income before income taxes | Provision for income taxes | Net income ($) | Basic earnings per common share: | Earnings per share – basic ($) | Weighted-average common shares outstanding – basic | Earnings per common share -assuming dilution: | Earnings per share – assuming dilution ($) | Weighted-average common shares outstanding – assuming dilution | SELECTED OPERATING DATA: | Number of Team Members at year end | Number of stores at year end (a) | Total store square footage at year end (b) | Sales per weighted-average store (c)($) | Sales per weighted-average square foot (b)(d)($) | Percentage increase in comparable store sales (e)(f) |"}
{"_id": "d86fcfd5c", "title": "", "text": "related servicing.\nAdditionally, professional fees increased $686 million related to consulting fees for regulatory initiatives as well as higher legal expenses.\nOther general operating expenses increased $4.9 billion largely as a result of a $3.0 billion increase in litigation expense, primarily mortgage-related, and an increase of $1.6 billion in mortgage-related assessments and waivers costs.\nMerger and restructuring expenses decreased $1.2 billion in 2011.\nIncome Tax Expense The income tax benefit was $1.7 billion on the pre-tax loss of $230 million for 2011 compared to income tax expense of $915 million on the pre-tax loss of $1.3 billion for 2010.\nThese amounts are before FTE adjustments.\nThe effective tax rate for 2011 was not meaningful due to a small pre-tax loss, and for 2010, due to the impact of non-deductible goodwill impairment charges of $12.4 billion.\nThe income tax benefit for 2011 was driven by recurring tax preference items, such as tax-exempt income and affordable housing credits, a $1.0 billion benefit from the release of the remaining valuation allowance applicable to the Merrill Lynch capital loss carryover deferred tax asset, and a benefit of $823 million for planned realization of previously unrecognized deferred tax assets related to the tax basis in certain subsidiaries.\nThese benefits were partially offset by the $782 million tax charge for the U. K.  corporate income tax rate reductions referred to below.\nThe $3.2 billion of goodwill impairment charges recorded in 2011 were non-deductible.\nThe effective tax rate for 2010 excluding goodwill impairment charges from pre-tax income was 8.3 percent.\nIn addition to our recurring tax preference items, this rate was driven by a $1.7 billion benefit from the release of a portion of the valuation allowance applicable to the Merrill Lynch capital loss carryover deferred tax asset, partially offset by the $392 million charge from a one percent reduction to the U. K.  corporate income tax rate enacted during 2010.\nOn July 19, 2011, the U. K.  2011 Finance Bill was enacted which reduced the corporate income tax rate one percent to 26 percent beginning on April 1, 2011, and then to 25 percent effective April 1, 2012.\nThese rate reductions will favorably affect income tax expense on future U. K.  earnings but also required us to remeasure our U. K.  net deferred tax assets using the lower tax rates.\nAs noted above, the income tax benefit for 2011 included a $782 million charge for the remeasurement, substantially all of which was recorded in GBAM.\nIf corporate income tax rates were to be reduced to 23 percent by 2014 as suggested in U. K.  Treasury announcements and assuming no change in the deferred tax asset balance, a charge to income tax expense of approximately $400 million for each one percent reduction in the rate would result in each period of enactment (for a total of approximately $800 million)."}
{"_id": "d85fc67b2", "title": "", "text": "| 3/31/2010 3/31/2011 3/31/2012 3/31/2013 3/31/2014 3/31/2015 | ABIOMED, Inc | Nasdaq Composite Index | Nasdaq Medical Equipment SIC Code 3840-3849 |"}
{"_id": "d8bad3e52", "title": "", "text": "| Years ended December 31, 2009 2008 2007 | Net earnings | Non-cash items | Changes in working capital | Net cash provided/(used) by operating activities | Net cash (used)/provided by investing activities | Net cash provided/(used) by financing activities | Effect of exchange rate changes on cash and cash equivalents | Net increase/(decrease) in cash and cash equivalents | Cash and cash equivalents at beginning of year | Cash and cash equivalents at end of year |"}
{"_id": "d8b6f9994", "title": "", "text": "| December 31, | 2008 | (In millions) | Financial assets | Receivables from United States Steel, including current portion | Other noncurrent assets(a) | Total financial assets | Financial liabilities | Long-term debt, including current portion(b) | Total financial liabilities |"}
{"_id": "d8d4984be", "title": "", "text": "| U.S. Canada Total | Proved undeveloped reserves as of December 31, 2011 | Extensions and discoveries | Revisions due to prices | Revisions other than price | Conversion to proved developed reserves | Proved undeveloped reserves as of December 31, 2012 |"}
{"_id": "d8bc6e564", "title": "", "text": "The stock price performance included in this graph is not necessarily indicative of future stock price performance."}
{"_id": "d89309656", "title": "", "text": "| Con Edison CECONY | (% of Pre-tax income) | STATUTORY TAX RATE | Federal | Changes in computed taxes resulting from: | State income tax | Cost of removal | Manufacturing deduction | Other | Effective tax rate |"}
{"_id": "d860fdf18", "title": "", "text": "| Preferred  Stock Common  Stock Common Stock Issuable Additional Paid-in Capital Retained Earnings Accumulated Other Comprehensive Income (Loss), Net Treasury Stock Total | (In thousands) | 2003 | Balance — January 1, 2003 | Comprehensive income: | Net income | Other comprehensive income, net of tax and reclassification adjustments: | Unrealized losses on investment securities | Unrealized gains on cash flow hedge | Minimum pension liability adjustment | 544,823 | Acquisition of Allfirst Financial Inc. — common stock issued | Repayment of management stock ownership program receivable | Stock-based compensation plans: | Stock option and purchase plans: | Compensation expense | Exercises | Directors’ stock plan | Deferred compensation plans, net, including dividend equivalents | Common stock cash dividends — $1.20 per share | Balance — December 31, 2003 | 2004 | Comprehensive income: | Net income | Other comprehensive income, net of tax and reclassification adjustments: | Unrealized losses on investment securities | Minimum pension liability adjustment | 679,659 | Purchases of treasury stock | Stock-based compensation plans: | Stock option and purchase plans: | Compensation expense | Exercises | Directors’ stock plan | Deferred compensation plans, net, including dividend equivalents | Common stock cash dividends — $1.60 per share | Balance — December 31, 2004 | 2005 | Comprehensive income: | Net income | Other comprehensive income, net of tax and reclassification adjustments: | Unrealized losses on investment securities | Minimum pension liability adjustment | 701,462 | Purchases of treasury stock | Repayment of management stock ownership program receivable | Stock-based compensation plans: | Stock option and purchase plans: Compensation expense | Exercises | Directors’ stock plan | Deferred compensation plans, net, including dividend equivalents | Common stock cash dividends — $1.75 per share | Balance — December 31, 2005 | 2005 | (In thousands) | December 31: | Gross unrealized gains | Gross unrealized losses | Year ended December 31: | Average gross unrealized gains | Average gross unrealized losses |"}
{"_id": "d894c2fd8", "title": "", "text": "| Shares (in thousands) Weighted-AverageGrant-DateFair Value | Unvested at May 31, 2014 | Granted | Vested | Forfeited | Unvested at May 31, 2015 | Granted | Vested | Forfeited | Unvested at May 31, 2016 | Granted | Vested | Forfeited | Unvested at December 31, 2016 | Granted | Vested | Forfeited | Unvested at December 31, 2017 |"}
{"_id": "d8acffae2", "title": "", "text": "Collectively Significant Equity Method Investments The Company holds investments in real estate joint ventures, real estate funds and other limited partnership interests consisting of leveraged buy-out funds, hedge funds, private equity funds, joint ventures and other funds.\nThe portion of these investments accounted for under the equity method had a carrying value of $8.7 billion as of December 31, 2010.\nThe Company’s maximum exposure to loss related to these equity method investments is limited to the carrying value of these investments plus unfunded commitments of $2.9 billion as of December 31, 2010.\nExcept for certain real estate joint ventures, the Company’s investments in real estate funds and other limited partnership interests are generally of a passive nature in that the Company does not participate in the management of the entities.\nAs further described in Note 1, the Company generally records its share of earnings in its equity method investments using a three-month lag methodology and within net investment income.\nAs of December 31, 2010, aggregate net investment income from these equity method real estate joint ventures, real estate funds and other limited partnership interests exceeded 10% of the Company’s consolidated pre-tax income (loss) from continuing operations.\nAccordingly, the Company is providing the following aggregated summarized financial data for such equity method investments.\nThis aggregated summarized financial data does not represent the Company’s proportionate share of the assets, liabilities, or earnings of such entities.\nAs of, and for the year ended December 31, 2010, the aggregated summarized financial data presented below reflects the latest available financial information.\nAggregate total assets of these entities totaled $262.9 billion and $209.9 billion as of December 31, 2010 and 2009, respectively.\nAggregate total liabilities of these entities totaled $77.6 billion and $64.5 billion as of December 31, 2010 and 2009,"}
{"_id": "d8a8410b4", "title": "", "text": "| As of December 31, | 2017 | Balance Sheet Data: | Real estate, at cost | Total assets | Total debt | Total shareholders’ equity | Number of common shares outstanding |"}
{"_id": "d8c9cfa32", "title": "", "text": "| 2015 2014 | Vehicles | Aircraft | Buildings | Accumulated amortization | Property, plant and equipment subject to capital leases |"}
{"_id": "d8373b0ea", "title": "", "text": "| 2008 2007 2006 | Collection: | Residential | Commercial | Industrial | Other | Total Collection | Transfer and disposal | Less: Intercompany | Transfer and Disposal, Net | Other | Revenue |"}
{"_id": "d8d858518", "title": "", "text": "| Territory Competitor Marketed Product Competitor | U.S. | Europe | Europe | Europe | Europe | Europe | Europe |"}
{"_id": "d88fe4d2c", "title": "", "text": "Table of Contents 2009 and 2008, we also held $93.6 million and $285.3 million in municipal auction rate securities that we classified as long-term investments on our balance sheet.\nSee Auction Rate Securities below for more information.\nOur primary source of liquidity has been cash from operations, which entails the collection of accounts receivable for products and services.\nOur primary uses of cash have been for research and development programs, selling and marketing activities, capital projects, acquisitions of businesses, debt service costs and repurchases of common stock.\nIn March 2007 we issued five-year and ten-year senior unsecured notes totaling $1 billion in connection with our acquisition of Digital Insight.\nWe also have a $500 million unsecured revolving line of credit facility that is described later in this Item 7.\nTo date we have not borrowed under the facility.\nThe following table summarizes selected measures of our liquidity and capital resources at the dates indicated:"}
{"_id": "d8d33019e", "title": "", "text": "| Year Ended December 31, 2009 Year Ended December 31, 2008 | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial mortgage and other loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Investment income after investment expenses | Investment results of other entities and operations-2 | Total investment income |"}
{"_id": "d816bd994", "title": "", "text": "| (Dollars in millions) 2016 2015 2014 2013 2012 | Allowance for loan and lease losses, January 1 | Loans and leases charged off | Residential mortgage | Home equity | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer charge-offs | U.S. commercial-1 | Commercial real estate | Commercial lease financing | Non-U.S. commercial | Total commercial charge-offs | Total loans and leases charged off | Recoveries of loans and leases previously charged off | Residential mortgage | Home equity | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer recoveries | U.S. commercial-2 | Commercial real estate | Commercial lease financing | Non-U.S. commercial | Total commercial recoveries | Total recoveries of loans and leases previously charged off | Net charge-offs | Write-offs of PCI loans | Provision for loan and lease losses | Other-3 | Allowance for loan and lease losses, December 31 | Less: Allowance included in assets of business held for sale-4 | Total allowance for loan and lease losses, December 31 | Reserve for unfunded lending commitments, January 1 | Provision for unfunded lending commitments | Other-3 | Reserve for unfunded lending commitments, December 31 | Allowance for credit losses, December 31 |"}
{"_id": "d8960fa12", "title": "", "text": "Economic useful life is the duration of time an asset is expected to be productively employed by us, which may be less than its physical life.\nAssumptions on the following factors, among others, affect the determination of estimated economic useful life: wear and tear, obsolescence, technical standards, contract life, market demand, competitive position, raw material availability, and geographic location.\nThe estimated economic useful life of an asset is monitored to determine its appropriateness, especially in light of changed business circumstances.\nFor example, changes in technology, changes in the estimated future demand for products, or excessive wear and tear may result in a shorter estimated useful life than originally anticipated.\nIn these cases, we would depreciate the remaining net book value over the new estimated remaining life, thereby increasing depreciation expense per year on a prospective basis.\nLikewise, if the estimated useful life is increased, the adjustment to the useful life decreases depreciation expense per year on a prospective basis.\nWe have numerous long-term customer supply contracts, particularly in the gases on-site business within the Tonnage Gases segment.\nThese contracts principally have initial contract terms of 15 to 20 years.\nThere are also long-term customer supply contracts associated with the tonnage gases business within the Electronics and Performance Materials segment.\nThese contracts principally have initial terms of 10 to 15 years.\nAdditionally, we have several customer supply contracts within the Equipment and Energy segment with contract terms that are primarily five to 10 years.\nThe depreciable lives of assets within this segment can be extended to 20 years for certain redeployable assets.\nDepreciable lives of the production assets related to long-term contracts are matched to the contract lives.\nExtensions to the contract term of supply frequently occur prior to the expiration of the initial term.\nAs contract terms are extended, the depreciable life of the remaining net book value of the production assets is adjusted to match the new contract term, as long as it does not exceed the physical life of the asset.\nThe depreciable lives of production facilities within the Merchant Gases segment are principally 15 years.\nCustomer contracts associated with products produced at these types of facilities typically have a much shorter term.\nThe depreciable lives of production facilities within the Electronics and Performance Materials segment, where there is not an associated long-term supply agreement, range from 10 to 15 years.\nThese depreciable lives have been determined based on historical experience combined with judgment on future assumptions such as technological advances, potential obsolescence, competitors’ actions, etc.\nManagement monitors its assumptions and may potentially need to adjust depreciable life as circumstances change.\nA change in the depreciable life by one year for production facilities within the Merchant Gases and Electronics and Performance Materials segments for which there is not an associated long-term customer supply agreement would impact annual depreciation expense as summarized below:"}
{"_id": "d87f3c466", "title": "", "text": "Consolidated Results of Operations Year Ended December 31, 2009 compared with the Year Ended December 31, 2008 Unfavorable market conditions continued through 2009, providing a challenging business environment.\nThe largest and most significant impact continued to be on our investment portfolio as declining yields resulted in lower net investment income.\nMarket sensitive expenses were also negatively impacted by the market conditions as evidenced by an increase in pension and postretirement benefit costs.\nHigher levels of unemployment continued to impact certain group businesses as a decrease in covered payrolls reduced growth.\nOur auto and homeowners business was impacted by a declining housing market, the deterioration of the new auto sales market and the continuation of credit availability issues, all of which contributed to a decrease in insured exposures.\nDespite the challenging business environment, revenue growth remained solid in the majority of our businesses.\nA flight to quality during the year contributed to an improvement in sales in both our domestic fixed and variable annuity products.\nWe also saw an increase in market share, especially in the structured settlement business, where we experienced an increase of 53% in premiums.\nAn improvement in the global financial markets contributed to a recovery of sales in most of our international regions and resulted in improved investment performance in some regions during the second half of 2009.\nWe also benefited domestically from a strong residential mortgage refinance market and healthy growth in the reverse mortgage arena."}
{"_id": "d8cef8130", "title": "", "text": "The decrease in the yield on interest-earning assets was primarily due to lower rates on new loans and purchased securities in the ongoing low interest rate environment, as well as the impact of higher levels of interest-earning deposits with banks maintained in light of anticipated regulatory requirements.\nThe decrease in the rate paid on interest-bearing liabilities was primarily due to redemptions of higher-rate bank notes and senior debt and subordinated debt, including the redemption of trust preferred and hybrid capital securities.\nWith respect to the first quarter of 2014, we expect net interest income to be down modestly compared with the fourth quarter of 2013 reflecting an anticipated continued decline in total purchase accounting accretion and the impact of fewer days in the first quarter somewhat offset by modest loan growth.\nFor the full year 2014, we expect total purchase accounting accretion to be down approximately $300 million compared with 2013."}
{"_id": "d873e1ea4", "title": "", "text": "(3) Significant Acquisitions and Dispositions Consolidation of Retail Joint Ventures Through March 31, 2009, we were a member in two retail real estate joint ventures with a retail developer.\nBoth entities were jointly controlled by us and our partner, through equal voting interests, and were accounted for as unconsolidated subsidiaries under the equity method.\nAs of April 1, 2009, we had made combined equity contributions of $37.9 million to the two entities and we also had combined outstanding principal and accrued interest of $173.0 million on advances to the two entities.\nWe advanced $2.0 million to the two entities, who then distributed the $2.0 million to our partner in exchange for the redemption of our partners membership interests, effective April 1, 2009, at which time we obtained 100% control of the voting interests of both entities.\nWe entered these transactions to gain control of these two entities because it will allow us to operate or dispose of the entities in a manner that best serves our capital needs.\nIn conjunction with the redemption of our partners membership interests, we entered a profits interest agreement that entitles our former partner to additional payments should the combined sale of the two acquired entities, as well as the sale of another retail real estate joint venture that we and our partner still jointly control, result in an aggregate profit.\nAggregate profit on the sale of these three projects will be calculated by using a formula defined in the profits interest agreement.\nWe have estimated that the fair value of the potential additional payment to our partner is insignificant."}
{"_id": "d8a391294", "title": "", "text": "Gas Sales and Deliveries O&R generally recovers the cost of the gas that it buys and then sells to its full-service customers.\nIt does not make any margin or profit on the gas it sells.\nO&R’s gas revenues are subject to a weather normalization clause.\nO&R’s New York gas revenues (which have accounted for substantially all of O&R’s gas revenues) are subject to a revenue decoupling mechanism.\nAs a result, its gas delivery revenues are generally not affected by changes in delivery volumes from levels assumed when rates were approved.\nO&R’s gas sales and deliveries for the last five years were:"}
{"_id": "d8db8ad80", "title": "", "text": "| December 31, 2009 | Public | Carrying amount | (in millions) | Three months or less | Greater than three to six months | Greater than six to nine months | Greater than nine to twelve months | Greater than twelve to twenty-four months | Greater than twenty-four to thirty-six months | Greater than thirty-six months | Total fixed maturities, available-for-sale |"}
{"_id": "d8ebf3906", "title": "", "text": "Foreign Currency Exchange Rate Risk We are exposed to currency fluctuations related to manufacturing or selling products in currencies other than the U. S.  dollar.\nWe may enter into foreign currency forward exchange contracts to reduce fluctuations in our long or short currency positions relating primarily to purchase commitments or forecasted purchases for equipment, raw materials and finished goods denominated in foreign currencies.\nWe also may hedge payment of forecasted intercompany transactions with our subsidiaries outside of the United States.\nWe generally hedge foreign currency price risks for periods from 3 to 12 months.\nA summary of foreign currency forward exchange contracts and the corresponding amounts at contracted forward rates is as follows:"}
{"_id": "d8a51094e", "title": "", "text": "| 2015 2014 2013 | Cash and cash equivalents at beginning of year | Operating activities | Net earnings | Non-cash adjustments | Changes in working capital | Other, net | Net cash provided by operating activities | Net cash used for investing activities | Net cash provided by (used for) financing activities | Net change in cash and cash equivalents | Cash and cash equivalents at end of year |"}
{"_id": "d870a76bc", "title": "", "text": "| (In millions) 2006 2005 2004 2003 2002 | Net earnings | Interest expense (multiplied by 65%)1 | Return | Average debt2, 5 | Average equity3, 5 | Average benefit plan adjustments3, 4,5 | Average invested capital | Return on invested capital |"}
{"_id": "d8823b360", "title": "", "text": "| (Amounts in millions) 2012 2011 Change | Segment net sales | Cost of goods sold | Gross profit | Operating expenses | Segment operating earnings |"}
{"_id": "d8200a948", "title": "", "text": "(1) Includes “trading account assets supporting insurance liabilities” and other fixed maturities classified as trading securities under U. S.  GAAP, but are held for “other than trading” activities in our segments that offer insurance, retirement and annuities products.\n(2) The hypothetical change in fair value related to our variable annuity and other living benefit feature embedded derivatives reflects only the gross fair value change on the embedded derivatives, and excludes any offsetting impact of derivative instruments purchased to hedge such changes in fair value.\n(3) Included in “Other liabilities” together with all liabilities of consolidated variable interest entities.\nSee Note 5 to the Consolidated Financial Statements for additional information regarding consolidated variable interest entities.\nThe tables above do not include approximately $154 billion of insurance reserve and deposit liabilities as of December 31, 2009 and $152 billion as of December 31, 2008 which are not considered financial liabilities.\nWe believe that the interest rate sensitivities of these insurance liabilities would serve as an offset to the net interest rate risk of the financial assets and liabilities, including investment contracts, which are set forth in these tables.\nOur net estimated potential loss in fair value as of December 31, 2009 increased $1,407 million from December 31, 2008, primarily reflecting an increase in our fixed maturity securities portfolio in 2009.\nThe increase in our fixed maturity securities portfolio in 2009 was primarily due to a net increase in fair value driven by credit spread tightening, portfolio growth as a result of reinvestment of net investment income, the impact of foreign currency, and the acquisition of Yamato Life.\nThe estimated changes in fair values of our financial assets shown above relate primarily to assets invested to support our insurance liabilities, but do not include separate account assets associated with products for which investment risk is borne primarily by the separate account contractholders rather than by us.\nMarket Risk Related to Equity Prices We actively manage investment equity price risk against benchmarks in respective markets.\nWe benchmark our return on equity holdings against a blend of market indices, mainly the S&P 500 and Russell 2000 for U. S.  equities.\nFor foreign equities we benchmark against the Tokyo Price Index, or TOPIX, and the MSCI EAFE, a market index of European, Australian, and Far Eastern equities.\nWe target price sensitivities that approximate those of the benchmark indices.\nWe estimate our investment equity price risk from a hypothetical 10% decline in equity benchmark market levels and measure this risk in terms of the decline in fair market value of equity securities we hold.\nUsing this methodology, our estimated investment equity price risk as of December 31, 2009 was $809 million, representing a hypothetical decline in fair market value of equity securities we held at that date from $8.091 billion to $7.282 billion.\nOur estimated investment equity price risk using this methodology as of December 31, 2008 was $680 million, representing a hypothetical decline in fair market value of equity securities we held at that date from $6.803 billion to $6.123 billion.\nIn calculating these amounts, we exclude separate account equity securities related to products for which the investment risk is borne primarily by the separate account contractholder rather than by us.\nIn addition to equity securities, as indicated above, we hold equity-based derivatives primarily to hedge the equity price risk embedded in the living benefit features in some of our variable annuity products.\nAs of December 31, 2009, our equity-based derivatives had notional values of $7.126 billion, and were reported at fair value as a $532 million asset, and the living benefit features accounted for as embedded derivatives were reported at fair value as a $55 million liability.\nAs of December 31, 2008, our equity-based derivatives had notional values of $7.353 billion, and were reported at fair value as a $1.908 billion asset, and the living benefits features accounted for as embedded derivatives were reported at fair value as a $3.229 billion liability.\nOur estimated equity price risk associated with living benefit features accounted for as embedded derivatives, net of the related equity-based derivatives used in our living benefits hedging program, was a $61 million benefit as of December 31, 2009 and a less than $10 million benefit as of December 31, 2008, estimated based on a hypothetical 10% decline in equity benchmark market levels.\nThe higher sensitivity level as of December 31, 2009 primarily reflects the impact of our own risk on non-performance on the embedded derivative liabilities, which does not have an offsetting impact on the hedge assets.\nSee"}
{"_id": "d8996d98e", "title": "", "text": "| 2005 2006 2007 2008 2009 | Energy Commodity Services: | Capacity | Planned MW in operation | % of capacity sold forward | Energy | Planned generation (TWh) | % of planned generation sold forward | Blended Capacity and Energy (based on revenues) | % of planned energy and capacity sold forward | Average contract revenue per MWh |"}
{"_id": "d8e1a7ea2", "title": "", "text": "| Core Technology Developed Technology Trademarks and Trade Names Customer Relationships Other Total | As of December 31, 2004: | Intangible assets subject to amortization: | Gross carrying amount | Accumulated amortization | Intangible assets not subject to amortization: | Gross carrying amount | Total identifiable intangible assets | As of December 31, 2003: | Intangible assets subject to amortization: | Gross carrying amount | Accumulated amortization | Intangible assets not subject to amortization: | Gross carrying amount | Total identifiable intangible assets |"}
{"_id": "d881ef082", "title": "", "text": "ITEM 6 SELECTED FINANCIAL DATA The following tables show Intuit’s selected financial information for the past five fiscal years.\nThe comparability of the information is affected by a variety of factors, including acquisitions and divestitures of businesses, issuance and repayment of long-term debt, share-based compensation expense, amortization of acquired technology and other acquired intangible assets, repurchases of common stock under our stock repurchase programs, and the payment of cash dividends.\nIn fiscal 2007 we issued $1 billion in senior notes and in fiscal 2012 we repaid $500 million of those notes when they became due using cash from operations.\nIn fiscal 2009 through fiscal 2013 we acquired several companies, including PayCycle, Inc. , Mint Software Inc. , and Demandforce, Inc.  We have included the results of operations for each of them in our consolidated results of operations from their respective dates of acquisition.\nWe sold our Intuit Real Estate Solutions business in fiscal 2010.\nIn fiscal 2013 we completed the sale of our Intuit Websites business and in August 2013 we completed the sales of our Intuit Financial Services and Intuit Health businesses.\nWe accounted for all of these businesses as discontinued operations and have therefore reclassified our statements of operations for all periods presented below to reflect them as such.\nWe have also reclassified our balance sheets for all periods presented below to reflect Intuit Financial Services as discontinued operations.\nThe net assets of Intuit Real Estate Solutions, Intuit Websites, and Intuit Health were not significant, so we have not reclassified our balance sheets for any period presented below to reflect them as discontinued operations.\nTo better understand the information in these tables, investors should read “Management’s Discussion and Analysis of Financial Condition and Results of Operations” in Item 7 of this Report, and the financial statements and related notes in Item 8 of this Report, especially Note 8, “Discontinued Operations.\n”"}
{"_id": "d87c65300", "title": "", "text": "PART IIITEM 5 – MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES(a) (1) Our common stock is listed on the New York Stock Exchange and is traded under the symbol “PNC.\n” At the close of business on February 15, 2019, there were 53,986 common shareholders of record.\nHolders of PNC common stock are entitled to receive dividends when declared by our Board of Directors out of funds legally available for this purpose.\nOur Board of Directors may not pay or set apart dividends on the common stock until dividends for all past dividend periods on any series of outstanding preferred stock and certain outstanding capital securities issued by the parent company have been paid or declared and set apart for payment.\nThe Board of Directors presently intends to continue the policy of paying quarterly cash dividends.\nThe amount of any future dividends will depend on economic and market conditions, our financial condition and operating results, and other factors, including contractual restrictions and applicable government regulations and policies (such as those relating to the ability of bank and non-bank subsidiaries to pay dividends to the parent company and regulatory capital limitations).\nThe amount of our dividend is also currently subject to the results of the supervisory assessment of capital adequacy and capital planning processes undertaken by the Federal Reserve and our primary bank regulators as part of the Comprehensive Capital Analysis and Review (CCAR) process as described in the Supervision and Regulation section in Item 1 of this Report.\nThe Federal Reserve has the power to prohibit us from paying dividends without its approval.\nFor further information concerning dividend restrictions and other factors that could limit our ability to pay dividends, as well as restrictions on loans, dividends or advances from bank subsidiaries to the parent company, see the Supervision and Regulation section in Item 1, Item 1A Risk Factors, the Liquidity and Capital Management portion of the Risk Management section in Item 7, and Note 10 Borrowed Funds, Note 15 Equity and Note 18 Regulatory Matters in the Notes To Consolidated Financial Statements in Item 8 of this Report, which we include here by reference.\nWe include here by reference the information regarding our compensation plans under which PNC equity securities are authorized for issuance as of December 31, 2018 in the table (with introductory paragraph and notes) in Item 12 of this Report.\nOur stock transfer agent and registrar is:Computershare Trust Company, N. A.250 Royall StreetCanton, MA 02021800-982-7652www.\ncomputershare.\ncom/pncRegistered shareholders may contact Computershare regarding dividends and other shareholder services.\nWe include here by reference the information that appears under the Common Stock Performance Graph caption at the end of this Item 5.\n(a)(2) None.\n(b) Not applicable."}
{"_id": "d88f4ee76", "title": "", "text": "| Dollars in millions, except per share data 2009 2008 2007-1 Latam Transaction -1 2007 Excluding Latam Transaction 2009% Inc 2008 Adjusted% Inc | Operating income | Income from continuing operations | Income from discontinued operations | Net income | Income per common share – diluted | Continuing operations-2,3 | Discontinued operations | Net income-2,3 |"}
{"_id": "d8c5ed9be", "title": "", "text": "| Millions 2014 2013 2012 | Cash provided by operating activities | Cash used in investing activities | Dividends paid | Free cash flow |"}
{"_id": "d8b190b56", "title": "", "text": "| Natural Gas (Millions of cubic feet) | United States | Proved developed reserves: | December 31, 2010 | December 31, 2011 | December 31, 2012 | December 31, 2013 | Proved undeveloped reserves: | December 31, 2010 | December 31, 2011 | December 31, 2012 | December 31, 2013 | Total proved reserves: | Balance December 31, 2010 | Extensions, discoveries and other additions | Purchase of minerals in-place | Revisions of previous estimates | Production | Sale of properties | Balance December 31, 2011 | Extensions, discoveries and other additions | Purchase of minerals in-place | Revisions of previous estimates | Production | Sale of properties | Balance December 31, 2012 | Extensions, discoveries and other additions | Purchase of minerals in-place | Revisions of previous estimates | Production | Sale of properties | Balance December 31, 2013 |"}
{"_id": "d875f1cee", "title": "", "text": "| Year Ended December 31, Change | (in thousands, except percentages) | Revenue: | Lease licenses | Perpetual licenses | Software licenses | Maintenance | Service | Maintenance and service | Total revenue |"}
{"_id": "d8771f0ee", "title": "", "text": "| Year Ended April 30, 2010 2009 2008 | Interest income: | Mortgage loans, net | Emerald Advance lines of credit | Investment securities | Other | $122,405 | Interest expense: | Borrowings | Deposits | FHLB advances | $90,569 |"}
{"_id": "d88c78e7c", "title": "", "text": "| December 31, 2005 December 31, 2004 | Carrying Value | Assets | Long-term receivables | Interest rate swap agreements | Foreign currency exchange contracts | Forward commodity contracts | Liabilities | Long-term debt and related current maturities | Foreign currency exchange contracts | Forward commodity contracts |"}
{"_id": "d8861eebe", "title": "", "text": "Revenue Recognition The Company’s primary source of revenues is from product sales to its customers.\nRevenue from sales of the Company’s products is recognized at the time the goods are delivered, title passes, and the risks and rewards of ownership pass to the customer, provided the earning process is complete and revenue is measurable.\nSuch recognition generally occurs when the products reach the shipping point, the sales price is fixed and determinable, and collection is reasonably assured.\nDelivery is determined by the Company’s shipping terms, which are primarily freight on board (“FOB”) shipping point.\nRevenue is recorded at the net amount to be received after deductions for estimated discounts, allowances and returns.\nThese estimates and related reserves are determined and adjusted as needed based upon historical experience, contract terms and other related factors.\nThe shipping costs for the majority of the Company’s sales are paid directly by the Company’s customers.\nIn the broadband communications market (approximately 6% of net sales in 2015), the Company pays for shipping costs to the majority of its customers.\nShipping costs are also paid by the Company for certain customers in the Interconnect Products and Assemblies segment.\nAmounts billed to customers related to shipping costs are immaterial and are included in net sales.\nShipping costs incurred to transport products to the customer which are not reimbursed are included in Selling, general and administrative expenses.\nRetirement Pension Plans Costs for retirement pension plans include current service costs and amortization of prior service costs over the average working life expectancy.\nIt is the Company’s policy to fund current pension costs taking into consideration minimum funding requirements and maximum tax deductible limitations.\nThe expense of retiree medical benefit programs is recognized during the employees’ service with the Company.\nThe recognition of expense for retirement pension plans and medical benefit programs is significantly impacted by estimates made by management such as discount rates used to value certain liabilities, expected return on assets, mortality projections and future health care costs.\nThe Company uses third-party specialists to assist management in appropriately measuring the expense and obligations associated with pension and other post-retirement plan benefits.\nStock-Based Compensation The Company accounts for its stock option and restricted share awards based on the fair value of the award at the date of grant and recognizes compensation expense over the service period that the awards are expected to vest.\nThe Company recognizes expense for stock-based compensation with graded vesting on a straight-line basis over the vesting period of the entire award.\nStock-based compensation expense includes the estimated effects of forfeitures, and estimates of forfeitures are adjusted over the requisite service period to the extent actual forfeitures differ, or are expected to differ from such estimates.\nChanges in estimated forfeitures are recognized in the period of change and also impact the amount of expense to be recognized in future periods.\nThe Company’s income before income taxes was reduced by $44.2 ($32.9 after tax), $41.4 ($30.3 after tax) and $36.1 ($26.4 after tax) for the years ended December 31, 2015, 2014 and 2013, respectively, related to the expense incurred for stock-based compensation plans, which is included in Selling, general and administrative expenses in the accompanying Consolidated Statements of Income.\nThe fair value of stock options has been estimated at the date of grant using the Black-Scholes option-pricing model with the following weighted-average assumptions:"}
{"_id": "d8e316d06", "title": "", "text": "| Years Ended December 31, | 2009 | GAAP | (in millions, except percentages) | Revenues | Management and financial advice fees | Distribution fees | Net investment income (loss) | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | General and administrative expense | Total expenses | Pretax income (loss) |"}
{"_id": "d8f3d38b0", "title": "", "text": "| (in millions) 2015 2014 2013 | Balance, beginning of year | Increases due to: | Credit impairments on new securities subject to impairment losses | Additional credit impairments on previously impaired securities | Reductions due to: | Credit impaired securities fully disposed for which there was no | prior intent or requirement to sell | Credit impaired securities for which there is a current intent or | anticipated requirement to sell | Accretion on securities previously impaired due to credit* | Other | Balance, end of year |"}
{"_id": "d8738a384", "title": "", "text": "Reservoir Characterization Revenue of $9.93 billion was 7% higher than the same period last year on stronger Wireline activity, higher WesternGeco marine and multiclient sales, and increased SIS software sales.\nYear-on-year, pretax operating margin decreased 23 bps to 24.7% led by margin declines in Wireline and Testing Services, largely due to the revenue mix, as well as the impact of geopolitical events which prevailed during the first quarter of 2011.\nThe margin decline however was partially offset by a favorable WesternGeco multiclient sales mix and improved marine vessel utilization."}
{"_id": "d8922bfe0", "title": "", "text": "* Broadcasting service provided in connection with Freeview brand.\nOn October 30, 2002, the BBC, CCUK and BSkyB launched a multi-channel digital TV and radio broadcasting service under the brand Freeview.\n Freeview is a free-to-air broadcast service and is received by viewers via a settop box or other device.\nAt the end of 2003, there were approximately three million such devices in service, in contrast to the approximately 1.2 million set-top boxes in service with respect to ITVD service 20 months prior.\nOur revenue derived from broadcast transmission services (including distribution and multiplexing) relating to Freeview is contractually based and therefore is not directly dependent on the number of Freeview viewers.\nIn connection with the launch of Freeview, in August 2002 CCUK entered into an agreement with the BBC to provide broadcast transmission along with distribution service for the second multiplex license (multiplex B) awarded to the BBC.\nAlso in August 2002, CCUK entered into an agreement with BSkyB to provide broadcast transmission along with distribution and multiplexing service in relation to 75% of the capacity of one of the CCUK multiplexes (multiplex C).\nBoth of these agreements are for an initial period of six years with options for the BBC and BSkyB to extend for an additional six-year term.\nIn addition, CCUK has entered into agreements to provide similar service to a number of TV, radio and interactive service content providers (including UKTV, Flextech, Viacom, EMAP, MIETV, OneWord, Guardian Media Group and BBC World Service) through the two multiplexes awarded to CCUK.\nFreeview related agreements with the television content providers are also for six-year terms, with renewal options, while agreements with radio and interactive service providers are generally for shorter terms.\nThrough such agreements, CCUK is currently transmitting content for such customers with respect to approximately 90% of its licensed capacity and is negotiating with content providers with respect to the remaining capacity.\nCCUK has contracted annual revenues of approximately ï¿¡27.2 million ($48.5 million) for the provision of transmission, distribution and multiplexing services related to its multiplex licenses, which replaces the approximately ï¿¡19.4 million annual revenues previously earned from the ITVD contract and is in addition to the revenues generated from the 1998 BBC Digital Transmission Contract.\nSee BusinessThe CompanyU.\nK.  OperationsSignificant Contracts1998 BBC DTT Transmission Contract, 2002 BBC DTT Transmission Contract and BSkyB and Other Freeview Content DTT Transmission Contracts.\n As a result of its previous contract with ITVD, CCUK had already invested substantially all of the capital required to provide the Freeview related broadcast transmission service described above.\nIn addition, CCUK had previously been incurring, again by virtue of its previous contract with ITVD, a large proportion of the operating costs required to provide these services (including payments to BT for distribution circuits and payments to NTL for site rental).\nSince CCUK is providing a more complete end-to-end service to content providers than was provided to ITVD, CCUK is incurring certain additional annual operating costs of approximately ï¿¡4.6 million ($8.2 million)"}
{"_id": "d8e7d7624", "title": "", "text": "Financing Activities The change in cash used in financing activities in fiscal 2010, compared with cash provided by financing activities in fiscal 2009, was primarily the result of a $1.1 billion decrease in borrowings, net of repayments, compared to the prior year.\nLarger borrowings in the prior year were associated with the acquisition of Best Buy Europe and normal working capital needs.\nIn addition, our increased operating cash flows in fiscal 2010 has allowed us to decrease our short-term borrowings.\nThe change in cash provided by financing activities in fiscal 2009, compared with cash used in financing"}
{"_id": "d8992644e", "title": "", "text": "| 2018 2017 2016 | Balance at beginning of year | Additions charged to expense | Accounts written-off | Balance at end of year |"}
{"_id": "d811fc02c", "title": "", "text": "Capital Management During 2015, we repurchased approximately $2.4 billion of common stock, with an average price of $16.92 per share, in connection with our 2015 Comprehensive Capital Analysis and Review (CCAR) capital plan, which included a request to repurchase $4.0 billion of common stock over five quarters beginning in the second quarter of 2015, and to maintain the quarterly common stock dividend at the current rate of $0.05 per share.\nBased on the conditional non-objection we received from the Federal Reserve on our 2015 CCAR submission, we were required to resubmit our CCAR capital plan by September 30, 2015 and address certain weaknesses the Federal Reserve identified in our capital planning process.\nWe have established plans and taken actions which addressed the identified weaknesses, and we resubmitted our CCAR capital plan on September 30, 2015.\nThe Federal Reserve announced that it did not object to our resubmitted CCAR capital plan on December 10, 2015.\nAs an Advanced approaches institution, under Basel 3, we were required to complete a qualification period (parallel run) to demonstrate compliance with the Basel 3 Advanced approaches capital framework to the satisfaction of U. S.  banking regulators.\nWe received approval to begin using the Advanced approaches capital framework to determine risk-based capital requirements beginning in the fourth quarter of 2015.\nAs previously disclosed, with the approval to exit parallel run, U. S.  banking regulators requested modifications to certain internal analytical models including the wholesale (e. g. , commercial) credit models.\nAll requested modifications were incorporated, which increased our risk-weighted assets, and are reflected in the risk-based ratios in the fourth quarter of 2015.\nHaving exited parallel run on October 1, 2015, we are required to report regulatory risk-based capital ratios and risk-weighted assets under both the Standardized and Advanced approaches.\nThe approach that yields the lower ratio is used to assess capital adequacy including under the Prompt Corrective Action (PCA) framework and was the Advanced approaches in the fourth quarter of 2015.\nFor additional information, see Capital Management on page 51.\nTrust Preferred Securities On December 29, 2015, the Corporation provided notice of the redemption on January 29, 2016 of all trust preferred securities of Merrill Lynch Preferred Capital Trust III, Merrill Lynch Preferred Capital Trust IV and Merrill Lynch Preferred Capital Trust V (the Trust Preferred Securities).\nIn connection with the Corporations acquisition of Merrill Lynch & Co. , Inc.  in 2009, the Corporation recorded a discount to par value as purchase accounting adjustments associated with the Trust Preferred Securities.\nThe Corporation recorded a $612 million charge to net interest income related to the discount on these securities.\nNew Accounting Guidance on Recognition and Measurement of Financial Instruments In January 2016, the Financial Accounting Standards Board (FASB) issued new accounting guidance on recognition and measurement of financial instruments.\nThe Corporation has early adopted, retrospective to January 1, 2015, the provision that requires the Corporation to present unrealized gains and losses resulting from changes in the Corporations own credit spreads on liabilities accounted for under the fair value option (referred to as debit valuation adjustments, or DVA) in accumulated other comprehensive income (OCI).\nThe impact of the adoption was to reclassify, as of January 1, 2015, unrealized DVA losses of $2.0 billion pretax ($1.2 billion after tax) from retained earnings to accumulated OCI.\nFurther, pretax unrealized DVA gains of $301 million, $301 million and $420 million were reclassified from other income to accumulated OCI for the third, second and first quarters of 2015, respectively.\nThis had the effect of reducing net income as previously reported for the aforementioned quarters by $187 million, $186 million and $260 million, or approximately $0.02 per share in each quarter.\nThis change is reflected in consolidated results and the Global Markets segment results.\nResults for 2014 were not subject to restatement under the provisions of the new accounting guidance.\nSelected Financial Data Table 1 provides selected consolidated financial data for 2015 and 2014."}
{"_id": "d885792ac", "title": "", "text": "| 2006 2005 2004 | Years ended December 31 (dollars in millions) | Earning assets: | Short-term investments | Securities purchased under agreements to resell | Securities -1 | Loans: | Residential mortgage | Commercial | Commercial real estate finance | Consumer | Total loans | Total earning assets | Funding liabilities: | Deposits: | Non-interest-bearing deposits | Savings, interest-bearing checking and money market | Time | Total core deposits | Non-core deposits | Total deposits | Borrowings: | Federal funds purchased | FHLB advances | Repurchase agreements | Total borrowings | Subordinated notes | Total | Funding liabilities allocated to discontinued operations -2 | Total funding liabilities | Excess of earning assets over funding liabilities | Net interest income/spread | Net interest margin |"}
{"_id": "d89bd48f8", "title": "", "text": "NOTE 19 REGULATORY MATTERS We are subject to the regulations of certain federal, state, and foreign agencies and undergo periodic examinations by such regulatory authorities.\nThe ability to undertake new business initiatives (including acquisitions), the access to and cost of funding for new business initiatives, the ability to pay dividends, the ability to repurchase shares or other capital instruments, the level of deposit insurance costs, and the level and nature of regulatory oversight depend, in large part, on a financial institutions capital strength.\nAt December 31, 2015 and December 31, 2014, PNC and PNC Bank, our domestic banking subsidiary, were both considered well capitalized, based on applicable U. S.  regulatory capital ratio requirements.\nBeginning in 2015, to qualify as well capitalized, PNC must have Transitional Basel III capital ratios of at least 6% for Tier 1 risk-based capital and 10% for Total risk-based capital, and PNC Bank must have Transitional Basel III capital ratios of at least 6.5% for Common equity Tier 1 risk-based capital, 8% for Tier 1 risk-based capital, 10% for Total risk-based capital, and a Leverage ratio of at least 5%.\nTo qualify as well capitalized in 2014, regulators required insured depository institutions, such as PNC Bank, to maintain Transitional Basel III capital ratios of at least 6% for Tier 1 risk-based, 10% for Total riskbased and 5% for Leverage, and required bank holding companies, such as PNC, to maintain Transitional Basel III regulatory capital ratios of at least 6% Tier 1 risk-based and 10% for Total risk-based.\nThe following table sets forth the Transitional Basel III regulatory capital ratios at December 31, 2015 and December 31, 2014 for PNC and PNC Bank."}
{"_id": "d8f458e84", "title": "", "text": "Item 3.\nLEGAL PROCEEDINGS.\nIn May 2015, we received a subpoena in connection with an investigation by the Enforcement Division of the SEC requesting information related to our grant-making activities and compliance with the FCPA in various countries.\nThe SEC also seeks information related to Alexions recalls of specific lots of Soliris and related securities disclosures.\nIn addition, in October 2015, Alexion received a request from the DOJ for the voluntary production of documents and other information pertaining to Alexion's compliance with the FCPA.\nAlexion is cooperating with these investigations.\nAt this time, Alexion is unable to predict the duration, scope or outcome of these investigations.\nGiven the ongoing nature of these investigations, management does not currently believe a loss related to these matters is probable or that the potential magnitude of such loss or range of loss, if any, can be reasonably estimated."}
{"_id": "d8aa044e6", "title": "", "text": "Accrued restructuring charges at June 30, 2010 are expected to result in cash expenditures funded from cash provided by operations of approximately $25 million and $6 million in fiscal 2011 and 2012, respectively.\nWe recorded other special charges in connection with the implementation of the Program for the years ended June 30, 2010 and 2009 of $12.3 million and $10.1 million, respectively, related to consulting, other professional services, and accelerated depreciation.\nThe total amount"}
{"_id": "d8f64b016", "title": "", "text": "In the normal course of business, the Company enters into various contractual obligations that may require future cash payments.\nContractual obligations at November 30, 2007 include long-term borrowings, operating leases and purchase obligations.\nThe Company’s future cash payments associated with its contractual obligations as of November 30, 2007 are summarized below:"}
{"_id": "d87290578", "title": "", "text": "| Description of Commitment Cash Payments Due During the Year Ending May 31, | (In millions) | Operating Leases | Capital Leases | Long-Term Debt-1 | Endorsement Contracts-2 | Product Purchase Obligations-3 | Other Purchase Obligations-4 | TOTAL |"}
{"_id": "d8d3c556e", "title": "", "text": "| (in millions) 2007 2006 2005 | Sales of fixed maturities | Sales of equity securities | Sales of real estate and other assets | Other-than-temporary impairments | Foreign exchange transactions | Derivative instruments | Total | AIGFP other-than-temporary impairments* |"}
{"_id": "d8f77068a", "title": "", "text": "| (Millions) Adverse impact on after-tax earnings Positive impact on  after-tax earnings | 2007 | Foreign exchange rates | Interest rates | Commodity rates |"}
{"_id": "d86e2d724", "title": "", "text": "pipeline companies for the purchase of firm transportation from upstream points where gas has been purchased to the Utilities’ distribution systems, and for upstream storage services.\nCharges under these transportation and storage contracts are approved by the FERC.\nThe Utilities are required to pay certain fixed charges under the supply, transportation and storage contracts whether or not the contracted capacity is actually used.\nThese fixed charges amounted to approximately $291 million in 2015, including $252 million for CECONY.\nSee “Contractual Obligations” below.\nAt December 31, 2015, the contracts were for various terms extending to 2020 for supply and 2027 for the transportation and storage.\nIn January 2016, CECONY entered into two 20-year transportation contracts, one of which is for capacity on the proposed Mountain Valley Pipeline (MVP) (see “Con Edison Transmission - CET Gas\" below).\nIn addition, the Utilities purchase gas on the spot market and contract for interruptible gas transportation.\nSee “Recoverable Energy Costs” in Note A to the financial statements in Item 8.\nSteam Operations Steam Facilities CECONY’s capitalized costs for utility plant, net of accumulated depreciation, for steam facilities, including steam's portion of the steam-electric generation facilities, were $1,849 million and $1,795 million at December 31, 2015 and 2014, respectively.\nCECONY generates steam at one steam-electric generating station and five steam-only generating stations and distributes steam to its customers through approximately 105 miles of transmission, distribution and service piping.\nSteam Sales and Deliveries CECONY’s steam sales and deliveries for the last five years were:"}
{"_id": "d86f5c884", "title": "", "text": "| Year Ended December 31, 2014 to 2015 % Change 2013 to 2014 % Change | 2015 | (in thousands) | General and administrative | General and administrative as a percentage of revenue |"}
{"_id": "d8e1d0c12", "title": "", "text": "In addition to the wells drilled and completed in 2015 included in the table above, wells that were in the process of drilling or completing at December 31, 2015 were as follows:"}
{"_id": "d8def8148", "title": "", "text": "| In millions 2015 2014 2013 | Sales | Operating Profit (Loss) |"}
{"_id": "d87817e9c", "title": "", "text": "QUANTITATIVE AND QUALITATIVE DISCLOSURE OF MARKET RISK Our main exposure to market risk relates to interest rates and foreign currency exchange rates.\nOur financial instruments that are subject to interest rate risk principally include fixedrate and floating rate long-term debt.\nIf interest rates were to change by plus or minus 1%, interest expense would increase or decrease by approximately $10 million related to our floating rate debt.\nThe estimated fair values of the Corporations long-term debt instruments at December 31, 2005 aggregated approximately $6.2 billion, compared with a carrying amount of approximately $5.0 billion.\nThe majority of our long-term debt obligations are not callable until maturity.\nWe have used interest rate swaps in the past to manage our exposure to fixed and variable interest rates; however, at year-end 2005, we had no such agreements in place.\nWe use forward foreign exchange contracts to manage our exposure to fluctuations in foreign currency exchange rates, and do so in ways that qualify for hedge accounting treatment.\nThese exchange contracts hedge the fluctuations in cash flows associated with firm commitments or specific anticipated transactions contracted in foreign currencies, or hedge the exposure to rate changes affecting foreign currency denominated assets or liabilities.\nRelated gains and losses on these contracts, to the extent they are effective hedges, are recognized in income at the same time the hedged transaction is recognized or when the hedged asset or liability is adjusted.\nTo the extent the hedges are ineffective, gains and losses on the contracts are recognized in the current period.\nAt December 31, 2005, the fair value of forward exchange contracts outstanding, as well as the amounts of gains and losses recorded during the year then ended, were not material.\nWe do not hold or issue derivative financial instruments for trading or speculative purposes."}
{"_id": "d8a9cb484", "title": "", "text": "During fiscal 2006, we repurchased 19 million shares of common stock for an aggregate purchase price of $892 million, of which $7 million settled after the end of our fiscal year.\nIn fiscal 2005, we repurchased 17 million shares of common stock for an aggregate purchase price of $771 million.\nA total of 146 million shares were held in treasury at May 28, 2006.\nWe also used cash from operations to repay $189 million in outstanding debt in fiscal 2006.\nIn fiscal 2005, we repaid nearly $2.2 billion of debt, including the purchase of $760 million principal amount of our 6 percent notes due in 2012.\nFiscal 2005 debt repurchase costs were $137 million, consisting of $73 million of noncash interest rate swap losses reclassified from Accumulated Other Comprehensive Income, $59 million of purchase premium and $5 million of noncash unamortized cost of issuance expense.\nCapital Structure"}
{"_id": "d8bf5bf24", "title": "", "text": "| 2012 2011 2010 | Balance January 1 | Additions related to current year positions | Additions related to prior year positions | Reductions for tax positions of prior years-1 | Settlements | Lapse of statute of limitations | Balance December 31 |"}
{"_id": "d8ef90762", "title": "", "text": "| (In millions) 2008 2007 2006 | Net sales including intersegment sales | Less intersegment sales | Net sales | Operating income-1 | -1Includes restructuring costs for all years, asset impairment charges in 2008 and 2006, lease cancellation costs in 2007, and other items in 2007 and 2006 |"}
{"_id": "d8a779e38", "title": "", "text": "Note H  Other Material Contingencies Manhattan Steam Main Rupture In July 2007, a CECONY steam main located in midtown Manhattan ruptured.\nIt has been reported that one person died and others were injured as a result of the incident.\nSeveral buildings in the area were damaged.\nDebris from the incident included dirt and mud containing asbestos.\nThe response to the incident required the closing of several buildings and streets for various periods.\nApproximately 100 suits are pending against the company seeking generally unspecified compensatory and, in some cases, punitive damages, for personal injury, property damage and business interruption.\nThe company has not accrued a liability for the suits.\nThe company has notified its insurers of the incident and believes that the policies in force at the time of the incident will cover most of the companys costs, which the company is unable to estimate, but which could be substantial, to satisfy its liability to others in connection with the incident.\nInvestigation of Contractor Payments In January 2009, CECONY commenced an internal investigation relating to the arrests of certain employees and retired employees (most of whom have since been indicted or pleaded guilty) for accepting kickbacks from contractors that performed construction work for the company.\nThe company has retained a law firm, which has retained an accounting firm, to assist in the companys investigation.\nThe company is providing information to governmental authorities, which consider the company to be a victim of unlawful conduct, in connection with their investigation of the arrested employees and contractors.\nThe company has terminated its employment of the arrested employees and its contracts with the contractors.\nIn February 2009, the NYSPSC commenced a proceeding that, among other things, will examine the prudence of certain of the companys expenditures relating to the arrests and consider whether additional expenditures should also be examined (see Other Regulatory Matters in Note B).\nThe company, based upon its evaluation of its internal controls for 2009 and previous years, believes that the controls were effective to provide reasonable assurance that its financial statements have been fairly presented, in all material respects, in conformity with generally accepted accounting principles.\nBecause the companys investigation is ongoing, the company is unable to predict the impact of any of the employees unlawful conduct on the companys internal controls, business, results of operations or financial position.\nPermit Non-Compliance and Pollution Discharges In March 2009, the New York State Department of Environmental Conservation (DEC) issued a proposed administrative Order on Consent to CECONY with respect to non-compliance with certain laws, regulations and permit conditions and discharges of pollutants at the companys steam generating facilities.\nThe proposed order effectively institutes a civil enforcement proceeding against the company.\nIn the proposed order, the DEC is seeking, among other things, the companys agreement to pay a penalty in an amount the DEC has not yet specified, retain an independent consultant to conduct a comprehensive audit of the companys generating facilities to determine compliance with federal and New York State environmental laws and regulations and recommend best practices, remove all equipment containing polychlorinated biphenyls from the companys steam and electric facilities, remediate polychlorinated biphenyl contamination, install certain wastewater treatment facilities, and comply with additional sampling, monitoring, and training requirements.\nThe Companies commitments to make payments in addition to these contractual commitments include their other liabilities reflected in their balance sheets, any funding obligations for their pension and other postretirement benefit plans, financial hedging activities, their collective bargaining agreements and Con Edisons guarantees of certain obligations of its businesses.\nSee Notes E, F, O and Guarantees in Note H to the financial statements in Item 8.\nCapital Resources Con Edison is a holding company that operates only through its subsidiaries and has no material assets other than its interests in its subsidiaries.\nCon Edison expects to finance its capital requirements primarily through internally-generated funds and the sale of its securities.\nThe company does not expect to need to issue additional common equity in 2012.\nCon Edisons ability to make payments on its external borrowings and dividends on its common shares is also dependent on its receipt of dividends from its subsidiaries or proceeds from the sale of its securities or its interests in its subsidiaries.\nFor information about restrictions on the payment of dividends by the Utilities and significant debt covenants, see Note C to the financial statements in Item 8.\nFor information on the Companies commercial paper program and revolving credit agreements with banks, see Note D to the financial statements in Item 8.\nThe Utilities expect to finance their operations, capital requirements and payment of dividends to Con Edison from internally-generated funds (see Liquidity and Capital Resources  Cash Flows from Operating Activities in Item 7), contributions of equity capital from Con Edison and external borrowings.\nThe Utilities expect to meet their 2012 external financing requirements, including for maturing securities, through the issuance of up to $750 million of long-term debt.\nThe Companies require access to the capital markets to fund capital requirements that are substantially in excess of available internally-generated funds.\nSee Capital Requirements, above.\nEach of the Companies believes that it will continue to be able to access capital, although capital market conditions may affect the timing of the Companies financing activities.\nThe Companies monitor the availability and costs of various forms of capital, and will seek to issue Con Edison common stock and other securities when it is necessary or advantageous to do so.\nFor information about the Companies long-term debt and short-term borrowing, see Notes C and D to the financial statements in Item 8.\nIn 2009, the NYSPSC authorized CECONY and O&R to issue up to $4,800 million and $500 million of securities, respectively (of which up to $550 million and $100 million, respectively, may be preferred stock and up to the entire amount authorized may be debt securities).\nAt December 31, 2011, CECONY and O&R had issued $1,470 million and $190 million, respectively, of debt securities pursuant to such authorization.\nIn addition, the NYSPSC has authorized the Utilities to refund outstanding debt securities and preferred stock should the Utilities determine that it is economic to do so.\nCon Edisons competitive energy businesses have financed their operations and capital requirements primarily with capital contributions and borrowings from Con Edison, internallygenerated funds and external borrowings."}
{"_id": "d89b8a23a", "title": "", "text": "ITEM 6 SELECTED FINANCIAL DATA The following tables show Intuits selected financial information for the past five fiscal years.\nThe comparability of the information is affected by a variety of factors, including acquisitions and divestitures of businesses, issuance and repayment of long-term debt, share-based compensation expense, amortization of acquired technology and other acquired intangible assets, repurchases of common stock under our stock repurchase programs, and the payment of cash dividends.\nIn fiscal 2007 we issued $1 billion in senior notes and in fiscal 2012 we repaid $500 million of those notes when they became due using cash from operations.\nIn fiscal 2010 through fiscal 2014 we acquired several companies, including PayCycle, Inc. , Mint Software Inc. , Demandforce, Inc. , and Check Inc.  We have included the results of operations for each of them in our consolidated results of operations from their respective dates of acquisition.\nWe sold our Intuit Real Estate Solutions business in fiscal 2010.\nIn fiscal 2013 we completed the sale of our Intuit Websites business and in fiscal 2014 we completed the sales of our Intuit Financial Services and Intuit Health businesses.\nWe accounted for all of these businesses as discontinued operations and have therefore reclassified our statements of operations for all periods presented below to reflect them as such.\nWe have also reclassified our balance sheets for all periods presented below to reflect Intuit Financial Services as discontinued operations.\nThe net assets of Intuit Real Estate Solutions, Intuit Websites, and Intuit Health were not significant, so we have not reclassified our balance sheets for any period presented below to reflect them as discontinued operations.\nTo better understand the information in these tables, investors should read Managements Discussion and Analysis of Financial Condition and Results of Operations in Item 7 of this Annual Report, and the financial statements and related notes in Item 8 of this Annual Report, especially Note 7, Discontinued Operations.\n"}
{"_id": "d8ed98c98", "title": "", "text": "| (in millions) Cardiovascular Rhythm Management MedSurg Total | Balance as of December 31, 2013 | Purchase price adjustments | Goodwill acquired | Other changes in carrying amount* | Balance as of December 31, 2014 | Purchase price adjustments | Goodwill acquired | Balance as of December 31, 2015 |"}
{"_id": "d886a1080", "title": "", "text": "| Business Segments At and for the Year Ended December 31 Total Corporation-1 Deposits -2 Global Card Services -3 | (Dollars in millions) | Net interest income(4) | Noninterest income | Total revenue, net of interest expense | Provision for credit losses(5) | Amortization of intangibles | Other noninterest expense | Income (loss) before income taxes | Income tax expense (benefit)(4) | Net income (loss) | Year end total assets | Home Loans & Insurance | (Dollars in millions) | Net interest income(4) | Noninterest income (loss) | Total revenue, net of interest expense | Provision for credit losses | Amortization of intangibles | Other noninterest expense | Income (loss) before income taxes | Income tax expense (benefit)(4) | Net income (loss) | Year end total assets | GWIM-2 | (Dollars in millions) | Net interest income(4) | Noninterest income | Total revenue, net of interest expense | Provision for credit losses(5) | Amortization of intangibles | Other noninterest expense | Income (loss) before income taxes | Income tax expense (benefit)(4) | Net income (loss) | Year end total assets |"}
{"_id": "d86ae82f8", "title": "", "text": "| Fiscal Years Operating   Leases | 2012 | 2013 | 2014 | 2015 | 2016 | Later Years | Total | Impact-1 | Pretax | Three Months Ended: | December 31, 2009 — GAAP loss | 73.6 | 11.3 | December 31, 2008 — GAAP loss | 4.6 | (2.9 | Fourth Quarter | 2009 | Average Loans/Leases | Commercial and industrial | Commercial real estate | Total commercial | Automobile loans and leases | Home equity | Residential mortgage | Other consumer | Total consumer | Total loans/leases | First   Quarter 2009 | Preferred shares exchanged | Common shares issued: | At stated convertible option | As deemed dividend | Total common shares issued: | Deemed dividend |"}
{"_id": "d8ef609f4", "title": "", "text": "Customer Resale Agreements and Bank Notes We have elected to account for structured resale agreements and structured bank notes, which are economically hedged using free-standing financial derivatives at fair value.\nThe fair value for structured resale agreements and structured bank notes is determined using a model which includes observable market data as inputs such as interest rates.\nReadily observable market inputs to this model can be"}
{"_id": "d8aa3afdc", "title": "", "text": "| dollars in thousands 2014 2013 | Self-insurance Program | Self-insured liabilities (undiscounted) | Insured liabilities (undiscounted) | Discount rate | Amounts Recognized in Consolidated | Balance Sheets | Investments and long-term receivables | Other accrued liabilities | Other noncurrent liabilities | Net liabilities (discounted) |"}
{"_id": "d8bdc4eb8", "title": "", "text": "| Total cost of shares purchased Total number of shares purchased Average price paid per share | 2015 | 2014 | 2013 |"}
{"_id": "d89eb8934", "title": "", "text": "Other liabilities primarily consist of liabilities for warranty, environmental and employee benefit obligations associated with the Facom acquisition and the previously discussed $22.1 million Besco non-controlling interest.\nThe weighted average useful lives assigned to the amortizable assets identified above are trade names – 7 years; customer relationships – 13 years; patents and technology – 15 years; and other intangible assets – 9 years.\nThe amount allocated to the trade names includes $171.6 million associated with the Facom acquisition (Facom?, Virax?, and USAG?)\nwhich have been determined to have indefinite lives.\nGoodwill associated with the 2006 acquisitions that is deductible for tax purposes amounts to $0.6 million."}
{"_id": "d89b2417e", "title": "", "text": "| Purchase price $1,700 | Less: Stockholders' equity of EDC | Capital stock | Paid-in surplus | Retained earnings | Treasury stock | Adjustment of assets and liabilities to fair value: | Property and equipment | Deferred income tax asset | Employee severance plan | Investment in subsidiaries | Elimination of intangible asset – goodwill | Other net assets | Goodwill – negative |"}
{"_id": "d8f565598", "title": "", "text": "| Years Ended December 31, | 2012 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income (loss) | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest and debt expense | General and administrative expense | Total expenses | Operating loss |"}
{"_id": "d8aa644cc", "title": "", "text": "At Dec.  31, 2009, commodity derivatives recorded to derivative instruments valuation included derivative contracts with gross notional amounts of approximately 37,932,000 megawatt hours (MwH) of electricity, 57,181,000 MMBtu of natural gas, and 3,580,000 gallons of vehicle fuel.\nThese amounts reflect the gross notional amounts of futures, forwards and FTRs and are not reflective of net positions in the underlying commodities.\nNotional amounts for options are also included on a gross basis, but are weighted for the probability of exercise.\nCredit Related Contingent Features  Contract provisions of the derivative instruments that the utility subsidiaries enter into may require the posting of collateral or settlement of the contracts for various reasons, including if the applicable utility subsidiary is unable to maintain its credit rating.\nIf the credit rating of PSCo at Dec.  31, 2009 were downgraded below investment grade, contracts underlying $0.6 million of derivative instruments in a liability position would have required Xcel Energy to post collateral or settle applicable contracts, which would have resulted in payments to counterparties of $3.4 million.\nAt Dec.  31, 2009, there was no collateral posted on these specific contracts.\nCertain of the utility subsidiaries derivative instruments are also subject to contract provisions that contain adequate assurance clauses.\nThese provisions allow counterparties to seek performance assurance, including cash collateral, in the event that a given utility subsidiarys ability to fulfill its contractual obligations is reasonably expected to be impaired.\nAs of Dec.  31, 2009, Xcel Energys utility subsidiaries had no collateral posted related to adequate assurance clauses in derivative contracts.14.\nFinancial Instruments The estimated Dec.  31 fair values of Xcel Energys recorded financial instruments are as follows:"}
{"_id": "d82def5b8", "title": "", "text": "The following table summarizes the notional or contractual amounts and net fair value of financial derivatives at December 31, 2013 and December 31, 2012.\nTable 56: Financial Derivatives Summary"}
{"_id": "d8dec8510", "title": "", "text": "| North America Africa | U.S. | Year Ended December 31, | 2015 | Crude and condensate(mbbld)(a) | Natural gas liquids(mbbld) | Natural gas(mmcfd)(b) | Synthetic crude oil(mbbld)(c) | Total production sold(mboed) | 2014 | Crude and condensate(mbbld)(a) | Natural gas liquids(mbbld) | Natural gas(mmcfd)(b) | Synthetic crude oil(mbbld)(c) | Total production sold(mboed) | 2013 | Crude and condensate(mbbld)(a) | Natural gas liquids(mbbld) | Natural gas(mmcfd)(b) | Synthetic crude oil(mbbld)(c) | Total production sold(mboed) |"}
{"_id": "d8f92177c", "title": "", "text": "PPG is in compliance with the restrictive covenants under its various credit agreements, loan agreements and indentures.\nThe Company¡¯s revolving credit agreements include a financial ratio covenant.\nThe covenant requires that the amount of total indebtedness not exceed 60% of the Company¡¯s total capitalization excluding the portion of accumulated other comprehensive income (loss) related to pensions and other postretirement benefit adjustments.\nAs of December 31, 2012, total indebtedness was 42% of the Company¡¯s total capitalization excluding the portion of accumulated other comprehensive income (loss) related to pensions and other postretirement benefit adjustments.\nAdditionally, substantially all of the Company¡¯s debt agreements contain customary crossdefault provisions.\nThose provisions generally provide that a default on a debt service payment of $10 million or more for longer than the grace period provided (usually 10 days) under one agreement may result in an event of default under other agreements.\nNone of the Company¡¯s primary debt obligations are secured or guaranteed by the Company¡¯s affiliates.\nInterest payments in 2012, 2011 and 2010 totaled $219 million, $212 million and $189 million, respectively.\nIn October 2009, the Company entered into an agreement with a counterparty to repurchase up to 1.2 million shares of the Company¡¯s stock of which 1.1 million shares were purchased in the open market (465,006 of these shares were purchased as of December 31, 2009 at a weighted average price of $56.66 per share).\nThe counterparty held the shares until September of 2010 when the Company paid $65 million and took possession of these shares.\nRental expense for operating leases was $233 million, $249 million and $233 million in 2012, 2011 and 2010, respectively.\nThe primary leased assets include paint stores, transportation equipment, warehouses and other distribution facilities, and office space, including the Company¡¯s corporate headquarters located in Pittsburgh, Pa.\nMinimum lease commitments for operating leases that have initial or remaining lease terms in excess of one year as of December 31, 2012, are (in millions) $171 in 2013, $135 in 2014, $107 in 2015, $83 in 2016, $64 in 2017 and $135 thereafter.\nThe Company had outstanding letters of credit and surety bonds of $119 million as of December 31, 2012.\nThe letters of credit secure the Company¡¯s performance to third parties under certain self-insurance programs and other commitments made in the ordinary course of business.\nAs of December 31, 2012 and 2011, guarantees outstanding were $96 million and $90 million, respectively.\nThe guarantees relate primarily to debt of certain entities in which PPG has an ownership interest and selected customers of certain of the Company¡¯s businesses.\nA portion of such debt is secured by the assets of the related entities.\nThe carrying values of these guarantees were $11 million and $13 million as of December 31, 2012 and 2011, respectively, and the fair values were $11 million and $21 million, as of December 31, 2012 and 2011, respectively.\nThe fair value of each guarantee was estimated by comparing the net present value of two hypothetical cash flow streams, one based on PPG¡¯s incremental borrowing rate and the other based on the borrower¡¯s incremental borrowing rate, as of the effective date of the guarantee.\nBoth streams were discounted at a risk free rate of return.\nThe Company does not believe any loss related to these letters of credit, surety bonds or guarantees is likely.9.\nFair Value Measurement The accounting guidance on fair value measurements establishes a hierarchy with three levels of inputs used to determine fair value.\nLevel 1 inputs are quoted prices (unadjusted) in active markets for identical assets and liabilities, are considered to be the most reliable evidence of fair value, and should be used whenever available.\nLevel 2 inputs are observable prices that are not quoted on active exchanges.\nLevel 3 inputs are unobservable inputs employed for measuring the fair value of assets or liabilities."}
{"_id": "d8904bd6a", "title": "", "text": "| Entergy Arkansas 1,516 | Entergy Gulf States | Entergy Louisiana | Entergy Mississippi | Entergy New Orleans | System Energy | Entergy Operations | Entergy Services | Entergy Nuclear Operations | Other subsidiaries | Total Full-time | Part-time | Total Entergy | 2003 | Lease  Payments | (In Millions) | Entergy Arkansas | Entergy Gulf States | Entergy Louisiana | System Energy | Total |"}
{"_id": "d83427aa2", "title": "", "text": "| 2016 2015 2014 | Weighted average common shares outstanding for basic computations | Weighted average dilutive effect of equity awards | Weighted average common shares outstanding for dilutedcomputations |"}
{"_id": "d8815546e", "title": "", "text": "| Years Ended December 31, | 2007 | (In millions) | Revenues | Premiums | Net investment income and other revenues | Net investment gains (losses) | Total revenues | Expenses | Policyholder benefits and claims | Policyholder dividends | Change in policyholder dividend obligation | Other expenses | Total expenses | Revenues, net of expenses before income tax | Income tax | Revenues, net of expenses and income tax from continuing operations | Revenues, net of expenses and income tax from discontinued operations | Revenues, net of expenses, income taxes and discontinued operations | Years Ended December 31, | 2007 | (In millions) | Balance at December 31, | Less: | Cumulative effect of a change in accounting principle, net of income tax | Balance at January 1, | Change during year | Interest Rates | Weighted | Range | (In millions) | Senior notes | Repurchase agreements | Surplus notes | Fixed rate notes | Other notes with varying interest rates | Capital lease obligations | Total long-term debt | Total short-term debt | Total |"}
{"_id": "d8f1dad60", "title": "", "text": "| Consolidated Balance Sheet Data At July 31, | (In millions) | Cash, cash equivalents and investments | Long-term investments | Working capital | Total assets | Current portion of long-term debt | Long-term debt | Other long-term obligations | Total stockholders’ equity |"}
{"_id": "d8e98cb86", "title": "", "text": "On January 4, 2010 and January 5, 2009, we modified the fuel surcharge on air services by reducing the index used to determine the fuel surcharge by 2% in each of the two years.\nThe 2010 increase and 2009 decrease in the air and ground fuel surcharges are due to the significant variations in jet and diesel fuel prices (in addition to the reduction in the index on the air surcharge).\nTotal domestic fuel surcharge revenue, net of the impact of hedging, increased by $592 million in 2010, primarily due to the higher fuel surcharge rates described above, as"}
{"_id": "d86760da6", "title": "", "text": "| December 31, | 2008 | (In millions) | Balance Sheet Data -1 | Assets: | General account assets | Separate account assets | Total assets -2 | Liabilities: | Life and health policyholder liabilities -4 | Property and casualty policyholder liabilities -4 | Short-term debt | Long-term debt | Collateral financing arrangements | Junior subordinated debt securities | Payables for collateral under securities loaned and other transactions | Other | Separate account liabilities | Total liabilities -2 | Stockholders’ Equity | Preferred stock, at par value | Common stock, at par value | Additional paid-in capital | Retained earnings -5 | Treasury stock, at cost | Accumulated other comprehensive income (loss) (6) | Total stockholders’ equity | Total liabilities and stockholders’ equity |"}
{"_id": "d88e0d51c", "title": "", "text": "| (in thousands) | Cash and cash equivalents | Premiums receivable and other current assets | Property and equipment and other assets | Medical and other expenses payable | Other current liabilities | Other liabilities | Net tangible assets acquired |"}
{"_id": "d8b8b1d4a", "title": "", "text": "| 2004 2003 2002 | Net loss as reported | Add: Stock-based employee compensation expense associated with modifications, net of related tax effect, included in net loss asreported | Less: Total stock-based employee compensation expense determined under fair value based method for all awards, net of related taxeffect | Pro-forma net loss | Basic and diluted net loss per share—as reported | Basic and diluted net loss per share pro-forma | Cash | Accounts receivable | Inventory, including fair value adjustments | Property and equipment | Other tangible assets | Accrued taxes | Accounts payable and accrued expenses | Customer relationships | Business licenses | Trade names | Deferred taxes, net | Goodwill | Purchase Price |"}
{"_id": "d8d1725aa", "title": "", "text": "| 2010 2009 | Balance at January 1 | Additions based on tax positions related to the current year | Additions for tax positions of prior years | Reductions for tax positions of prior years | Settlements | Lapse of statute of limitations | Acquisitions | Foreign currency translation | Balance at December 31 |"}
{"_id": "d8c85463a", "title": "", "text": "Hurricane Isaac In June 2014 the LPSC voted to approve a series of orders which (i) quantified $290.8 million of Hurricane Isaac system restoration costs as prudently incurred; (ii) determined $290 million as the level of storm reserves to be re-established; (iii) authorized Entergy Louisiana to utilize Louisiana Act 55 financing for Hurricane Isaac system restoration costs; and (iv) granted other requested relief associated with storm reserves and Act 55 financing of Hurricane Isaac system restoration costs.\nEntergy Louisiana committed to pass on to customers a minimum of $30.8 million of customer benefits through annual customer credits of approximately $6.2 million for five years.\nApprovals for the Act 55 financings were obtained from the Louisiana Utilities Restoration Corporation and the Louisiana State Bond Commission.\nSee Note 2 to the financial statements for a discussion of the August 2014 issuance of bonds under Act 55 of the Louisiana Legislature."}
{"_id": "d8cdb1ee8", "title": "", "text": "| Stock-Settled Awards Cash-Settled Awards Performance-Based Awards | Awards | Non-vested as of January 1, 2017 | Granted | Vested | Forfeited | Non-vested as of December 31, 2017 | Total unrecognized compensation expense remaining | Weighted-average years expected to be recognized over |"}
{"_id": "d861946de", "title": "", "text": "The locations in Lincolnshire, Illinois, The Woodlands, Texas, Orlando, Florida, and Charlotte North Carolina, each of which were acquired as part of the Hewitt acquisition in 2010, are primarily dedicated to our HR Solutions segment.\nThe other locations listed above house personnel from each of our business segments.\nIn November 2011, Aon entered into an agreement to lease 190,000 square feet in a new building to be constructed in London, United Kingdom.\nThe agreement is contingent upon the completion of the building construction.\nAon expects to move into the new building in 2015 when it exercises an early break option at the Devonshire Square location.3\nPeople’s United Financial, Inc.  and Subsidiaries Notes to Consolidated Financial Statements Restricted Stock Awarded The following is a summary of restricted stock award activity under the Incentive Plans and the RRP:"}
{"_id": "d8c9260ea", "title": "", "text": "| ($ in millions) 2010 2009 2008 | Fixed income securities | Equity securities | Mortgage loans | Other investments | Change in intent write-downs |"}
{"_id": "d80f34c5e", "title": "", "text": "MetLife, Inc.  Notes to the Consolidated Financial Statements  (Continued) Issuance Costs In connection with the offering of common equity units, the Holding Company incurred $55.3 million of issuance costs of which $5.8 million related to the issuance of the junior subordinated debentures underlying common equity units which funded the Series A and Series B trust preferred securities and $49.5 million related to the expected issuance of the common stock under the stock purchase contracts.\nThe $5.8 million in debt issuance costs were capitalized, included in other assets, and amortized using the effective interest method over the period from issuance date of the common equity units to the initial and subsequent stock purchase date.\nThe remaining $49.5 million of costs related to the common stock issuance under the stock purchase contracts and were recorded as a reduction of additional paid-in capital.\nEarnings Per Common Share The stock purchase contracts are reflected in diluted earnings per common share using the treasury stock method.\nThe stock purchase contracts were included in diluted earnings per common share for the years ended December 31, 2008, 2007 and 2006 as shown in Note 20.\nRemarketing of Junior Subordinated Debentures and Settlement of Stock Purchase Contracts On August 15, 2008, the Holding Company closed the successful remarketing of the Series A portion of the junior subordinated debentures underlying the common equity units.\nThe Series A junior subordinated debentures were modified as permitted by their terms to be 6.817% senior debt securities Series A, due August 15, 2018.\nThe Holding Company did not receive any proceeds from the remarketing.\nMost common equity unit holders chose to have their junior subordinated debentures remarketed and used the remarketing proceeds to settle their payment obligations under the applicable stock purchase contract.\nFor those common equity unit holders that elected not to participate in the remarketing and elected to use their own cash to satisfy the payment obligations under the stock purchase contract, the terms of the debt are the same as the remarketed debt.\nThe initial settlement of the stock purchase contracts occurred on August 15, 2008, providing proceeds to the Holding Company of $1,035 million in exchange for shares of the Holding Companys common stock.\nThe Holding Company delivered 20,244,549 shares of its common stock held in treasury at a value of $1,064 million to settle the stock purchase contracts.\nOn February 17, 2009, the Holding Company closed the successful remarketing of the Series B portion of the junior subordinated debentures underlying the common equity units.\nThe Series B junior subordinated debentures were modified as permitted by their terms to be 7.717% senior debt securities Series B, due February 15, 2019.\nThe Holding Company did not receive any proceeds from the remarketing.\nMost common equity unit holders chose to have their junior subordinated debentures remarketed and used the remarketing proceeds to settle their payment obligations under the applicable stock purchase contract.\nFor those common equity unit holders that elected not to participate in the remarketing and elected to use their own cash to satisfy the payment obligations under the stock purchase contract, the terms of the debt are the same as the remarketed debt.\nThe subsequent settlement of the stock purchase contracts occurred on February 17, 2009, providing proceeds to the Holding Company of $1,035 million in exchange for shares of the Holding Companys common stock.\nThe Holding Company delivered 24,343,154 shares of its newly issued common stock at a value of $1,035 million to settle the stock purchase contracts.\nSee also Notes 10, 12, 18 and 25.14.\nShares Subject to Mandatory Redemption and Company-Obligated Mandatorily Redeemable Securities of Subsidiary Trusts GenAmerica Capital I.\nIn June 1997, GenAmerica Corporation (GenAmerica) issued $125 million of 8.525% capital securities through a wholly-owned subsidiary trust, GenAmerica Capital I.\nIn October 2007, GenAmerica redeemed these securities which were due to mature on June 30, 2027.\nAs a result of this redemption, the Company recognized additional interest expense of $10 million.\nInterest expense on these instruments is included in other expenses and was $20 million and $11 million for the years ended December 31, 2007 and 2006, respectively.15.\nIncome Tax The provision for income tax from continuing operations is as follows:"}
{"_id": "d8cea6632", "title": "", "text": "| Defined benefit pension plans | As of or for the year ended December 31, | (in millions) | Change in benefit obligation | Benefit obligation, beginning of year | Benefits earned during the year | Interest cost on benefit obligations | Special termination benefits | Employee contributions | Net gain/(loss) | Benefits paid | Plan settlements | Expected Medicare Part D subsidy receipts | Foreign exchange impact and other | Benefit obligation, end of year | Change in plan assets | Fair value of plan assets, beginning of year | Actual return on plan assets | Firm contributions | Employee contributions | Benefits paid | Plan settlements | Foreign exchange impact and other | Fair value of plan assets, end of year | Net funded status(a) | Accumulated benefit obligation, end of year |"}
{"_id": "d892b089e", "title": "", "text": "| 2008 2007 2006 2005 2004 | December 31Dollars in millions | Commercial | Commercial real estate | Consumer | Residential real estate | Equipment lease financing | Other | Total | December 31 - in millions | Commercial mortgage | Residential mortgage | Education | Other | Total |"}
{"_id": "d8b975fba", "title": "", "text": "| January 1, 2009 Net Flows Market Appreciation/ (Depreciation) & Other (1) ForeignExchange December 31, 2009 | (in billions) | Columbia Managed Assets:-2 | Retail Funds | Institutional Funds | Alternative Funds | Less: Eliminations | Total Columbia Managed Assets | Threadneedle Managed Assets: | Retail Funds | Institutional Funds | Alternative Funds | Total Threadneedle Managed Assets | Less: Sub-Advised Eliminations | Total Managed Assets |"}
{"_id": "d82787a7c", "title": "", "text": "| Years Ended December 31, | 2018 | (in millions) | Credit loss impairments: | Balance, beginning of period | New credit loss impairments | Additional credit loss impairments on securities previously impaired | Increases due to the passage of time on previously recorded credit losses | Reductions for securities which matured, paid down, prepaid or were sold during the period | Reductions for securities impaired to fair value during the period-1 | Accretion of credit loss impairments previously recognized due to an increase in cash flows expected to be collected | Balance, end of period |"}
{"_id": "d8cc9e0b0", "title": "", "text": "| 2012 2011 2010 | (in thousands) | Net income | Add (subtract): | Non-cash operating activities-1 | Changes in working capital-2 | Pension and postretirement healthcare contributions | Net cash flows provided by operations |"}
{"_id": "d8b15bee2", "title": "", "text": "| In millions Severance and Other | Opening balance (recorded first quarter 2010) | Additions and adjustments | Cash charges in 2010 | Cash charges in 2011 | Cash charges in 2012 | Balance, December 31, 2012 |"}
{"_id": "d85d850de", "title": "", "text": "Operating lease amounts include minimum rental payments under our non-cancelable operating leases for office facilities, as well as limited computer and office equipment that we utilize under lease arrangements.\nThe amounts presented are consistent with contractual terms and are not expected to differ significantly, unless a substantial change in our headcount needs requires us to expand our occupied space or exit an office facility early.\nPurchase obligation amounts include minimum purchase commitments for advertising, capital expenditures (computer equipment, software applications, engineering development services, construction contracts) and other goods and services that were entered into through our ordinary course of business.\nFor those contractual arrangements in which there are significant performance requirements, we have developed estimates to project expected payment obligations.\nThese estimates have been developed based upon historical trends, when available, and our anticipated future obligations.\nGiven the significance of such performance requirements within our advertising and other arrangements, actual payments could differ significantly from these estimates.\nThe table above does not include liabilities related to unrecognized tax benefits under FASB Interpretation No.48, Accounting for Uncertainty in Income Taxes (FIN 48).\nAs we are unable to reasonably predict the timing of settlement of such FIN 48 liabilities, the table does not include $494.3 million of such non-current liabilities recorded on our consolidated balance sheet as of December 31, 2007.\nOff-Balance Sheet Arrangements As of December 31, 2007, we had no off-balance sheet arrangements that have, or are reasonably likely to have, a current or future material effect on our consolidated financial condition, results of operations, liquidity, capital expenditures or capital resources.\nCustomer funds held by PayPal as an agent or custodian on behalf of our customers are not reflected in our consolidated balance sheets.\nThese funds include funds on behalf of U. S.  customers that are deposited in bank accounts insured by the Federal Deposit Insurance Corporation and funds that U. S.  customers choose to invest in the PayPal Money Market Fund, which totaled approximately $1.8 billion and $1.5 billion as of December 31, 2007 and 2006, respectively.\nThe PayPal Money Market Fund is invested in a portfolio managed by Barclays Global Fund Advisors.\nGiven the 17% decline in net revenues and the 13% decrease in non-interest expense, there was a 52% decline in pre-tax earnings.\nOverall PCG margins decreased from 9.6% to 5.5%.\nAs over half of the PCG revenues are recurring or asset based in nature, the decline in the equity markets (and therefore in the market values of client assets) had a significant impact on revenue.\nFinancial service fees were also lower as these include transaction fees on certain fee-based accounts.\nResults of Operations  Capital Markets The following table presents consolidated financial information for our Capital Markets segment for the years indicated:"}
{"_id": "d8c504cf0", "title": "", "text": "| Year Ended December 31, 2010 | in millions, except per share data | GAAP results | Non-GAAP adjustments: | Goodwill impairment charge | Intangible asset impairment charges | Acquisition-related credits | Divestiture-related charges | Restructuring-related charges | Litigation-related net credits | Discrete tax items | Amortization expense | Adjusted results |"}
{"_id": "d890650e4", "title": "", "text": "| Table 9 Contractual Obligations | December 31, 2016 | (Dollars in millions) | Long-term debt | Operating lease obligations | Purchase obligations | Time deposits | Other long-term liabilities | Estimated interest expense on long-term debt and time deposits-1 | Total contractual obligations | Year Ended October 31, | 2016 | (in thousands) | Revenue: | United States | Europe | Japan | Asia Pacific and Other | Consolidated |"}
{"_id": "d865befd4", "title": "", "text": "| Consolidated Year Ended December 31, | 2016 | Revenues: | Distribution | Advertising | Other | Total revenues | Costs of revenue, excluding depreciation and amortization | Selling, general and administrative expense | Adjusted OIBDA | International Networks | 2016 | Revenues: | Distribution | Advertising | Other | Total revenues | Costs of revenue, excluding depreciation and amortization | Selling, general and administrative expenses | Adjusted OIBDA |"}
{"_id": "d88511288", "title": "", "text": "| S&P Credit Rating | AAA | Mortgage-backed securities | Residential mortgage-backed (RMBS) | Agency RMBS | Non-agency RMBS | Total RMBS | Commercial mortgage-backed | Total mortgage-backed securities |"}
{"_id": "d88cdb45a", "title": "", "text": "| 2012 Quarters 2011 Quarters | (Dollars in millions) | Reconciliation of average shareholders’ equity to average tangible shareholders’ equity | Shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible shareholders’ equity | Reconciliation of period-end common shareholders’ equity to period-end tangible common shareholders’ equity | Common shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible common shareholders’ equity | Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity | Shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible shareholders’ equity | Reconciliation of period-end assets to period-end tangible assets | Assets | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible assets |"}
{"_id": "d8dfc292a", "title": "", "text": "| 2015 2014 2013 | Third-party sales | ATOI |"}
{"_id": "d8912bd02", "title": "", "text": "| 2014 2013 | (Dollars in millions) | Net debt includes: | Current borrowings | Long-term borrowings | Unamortized debt discount | Total debt | Less: Cash and cash equivalents | Net debt | Total capital includes: | Net debt | Shareholders’ equity | Total capital | Percent of net debt to total capital |"}
{"_id": "d8e1a7ede", "title": "", "text": "| 2004 2003 | Finished goods | Raw materials and work in progress | Inventory step-up (primarily finished goods) | Inventories, net |"}
{"_id": "d8894d3c4", "title": "", "text": "Grand Gulf Lease Obligations In 1988, in two separate but substantially identical transactions, System Energy sold and leased back undivided ownership interests in Grand Gulf for the aggregate sum of $500 million.\nThe interests represent approximately 11.5% of Grand Gulf.\nThe leases expire in 2015.\nUnder certain circumstances, System Entergy may repurchase the leased interests prior to the end of the term of the leases.\nAt the end of the lease terms, System Energy has the option to repurchase the leased interests in Grand Gulf at fair market value or to renew the leases for either fair market value or, under certain conditions, a fixed rate.\nSystem Energy is required to report the sale-leaseback as a financing transaction in its financial statements.\nFor financial reporting purposes, System Energy expenses the interest portion of the lease obligation and the plant depreciation.\nHowever, operating revenues include the recovery of the lease payments because the transactions are accounted for as a sale and leaseback for ratemaking purposes.\nConsistent with a recommendation contained in a"}
{"_id": "d8c397cb4", "title": "", "text": "Revenue growth of $235.2 million in 2016 was due to the Veda acquisition.\nEurope.\nLocal currency revenue growth was 12% in 2017 primarily due to growth in U. K.  debt management services and other growth in the U. K.  and Spain.\nLocal currency fluctuations against the U. S.  dollar negatively impacted revenue by $9.1 million, or 4%, for 2017.\nReported revenue increased 8% in 2017.\nLocal currency revenue growth was 18% in 2016 primarily due to growth in U. K.  debt management services and analytical services in both the U. K.  and Spain.\nLocal currency fluctuations against the U. S.  dollar negatively impacted revenue by $25.9 million, or 11%, for 2016.\nReported revenue increased 7% in 2016.\nLatin America.\nLocal currency revenue increased 18% in 2017 driven by growth primarily in Argentina and Chile.\nLocal currency fluctuations against the U. S.  dollar negatively impacted revenue by $3.9 million, or 2%, in 2017, most notably due to depreciation in the foreign exchange rate of the Argentine peso, partially offset by appreciation of the Chilean peso.\nReported revenue increased 16% in 2017.\nLocal currency revenue increased 12% in 2016 driven by core organic growth primarily in Argentina, Chile, and Paraguay.\nLocal currency fluctuations against the U. S.  dollar negatively impacted revenue by $39.5 million, or 20%, in 2016, most notably due to depreciation in the foreign exchange rate of the Argentine peso.\nReported revenue decreased 8% in 2016.\nCanada.\nLocal currency revenue increased 9% in 2017 compared to 2016, primarily due to organic growth.\nLocal currency fluctuations against the U. S.  dollar negatively impacted revenue by $2.7 million, or 2%, in 2017.\nReported revenue increased 12% in 2017.\nLocal currency revenue increased 3% in 2016 compared to 2015, primarily due to core organic growth.\nLocal currency fluctuations against the U. S.  dollar negatively impacted revenue by $4.4 million, or 4%, in 2016.\nReported revenue was flat in 2016.  International Operating Margin.\nOperating margin increased to 18.2% in 2017 as compared to 13.9% in 2016.\nThe increase primarily resulted from a decrease in integration costs related to the Veda acquisition, lower growth in people costs, a gain on the sale of an asset, and a slight decrease in purchased intangibles amortization.\nOperating margin decreased to 13.9% in 2016 as compared to 20.0% in 2015.\nThe decline primarily resulted from increased purchased intangibles amortization, integration costs related to the Veda acquisition and a decline in the margin of Latin America.\nThe decline was partially offset by increased margins in Europe and Canada."}
{"_id": "d84d37858", "title": "", "text": "| (In thousands, except per share) Common Stock Issuable Additional Paid-in Capital Accumulated Other Comprehensive Income (Loss), Net | Preferred   Stock | 2006 | Balance — January 1, 2006 | Comprehensive income: | Net income | Other comprehensive income, net of tax and reclassification adjustments: | Unrealized gains on investment securities | Minimum pension liability adjustment | 893,386 | Change in accounting for defined benefit plans (note 12) | Purchases of treasury stock | Repayment of management stock ownership program receivable | Stock-based compensation plans: | Stock option and purchase plans: | Compensation expense | Exercises | Directors’ stock plan | Deferred compensation plans, net, including dividend equivalents | Common stock cash dividends — $2.25 per share | Balance — December 31, 2006 | 2007 | Comprehensive income: | Net income | Other comprehensive income, net of tax and reclassification adjustments: | Unrealized losses on investment securities | Defined benefit plan liability adjustment | Unrealized losses on cash flow hedges | 593,011 | Acquisition of Partners Trust Financial Group, Inc. — common stock issued | Purchases of treasury stock | Stock-based compensation plans: | Stock option and purchase plans: | Compensation expense | Exercises | Directors’ stock plan | Deferred compensation plans, net, including dividend equivalents | Common stock cash dividends — $2.60 per share | Balance — December 31, 2007 | 2008 | Comprehensive income: | Net income | Other comprehensive income, net of tax and reclassification adjustments: | Unrealized losses on investment securities | Defined benefit plan liability adjustment | Unrealized losses on terminated cash flow hedges | -66,172 | Issuance of preferred stock and associated warrants | Repayment of management stock ownership program receivable | Stock-based compensation plans: | Stock option and purchase plans: | Compensation expense | Exercises | Directors’ stock plan | Deferred compensation plans, net, including dividend equivalents | Common stock cash dividends — $2.80 per share | Balance — December 31, 2008 |"}
{"_id": "d81635a8a", "title": "", "text": "ITEM 6.\nSELECTED FINANCIAL DATA You should read the selected financial data in conjunction with our “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and our audited consolidated financial statements and the related notes to those consolidated financial statements included in this Annual Report.\nIn accordance with accounting principles generally accepted in the United States (“GAAP”), the consolidated statements of operations for all periods presented in this “Selected Financial Data” have been adjusted to reflect certain businesses as discontinued operations (see note 1 to our consolidated financial statements included in this Annual Report).\nYear-over-year comparisons are significantly affected by our acquisitions, dispositions and, to a lesser extent, construction of towers."}
{"_id": "d887e6742", "title": "", "text": "Statutory Equity and Income Each insurance companys state of domicile imposes minimum risk-based capital (RBC) requirements that were developed by the NAIC.\nThe formulas for determining the amount of RBC specify various weighting factors that are applied to financial balances or various levels of activity based on the perceived degree of risk.\nRegulatory compliance is determined by a ratio of total adjusted capital, as defined by the NAIC, to authorized control level RBC, as defined by the NAIC.\nCompanies below specific trigger points or ratios are classified within certain levels, each of which requires specified corrective action.\nEach of the Holding Companys U. S.  insurance subsidiaries exceeded the minimum RBC requirements for all periods presented herein.\nThe NAIC has adopted the Codification of Statutory Accounting Principles (Statutory Codification).\nStatutory Codification is intended to standardize regulatory accounting and reporting to state insurance departments.\nHowever, statutory accounting principles continue to be established by individual state laws and permitted practices.\nThe New York Insurance Department has adopted Statutory Codification with certain modifications for the preparation of statutory financial statements of insurance companies domiciled in New York.\nModifications by the various state insurance departments may impact the effect of Statutory Codification on the statutory capital and surplus of the Holding Companys insurance subsidiaries.\nMetLife, Inc.  Notes to the Consolidated Financial Statements  (Continued) Statutory accounting principles differ from GAAP primarily by charging policy acquisition costs to expense as incurred, establishing future policy benefit liabilities using different actuarial assumptions, reporting surplus notes as surplus instead of debt and valuing securities on a different basis.\nIn addition, certain assets are not admitted under statutory accounting principles and are charged directly to surplus.\nThe most significant assets not admitted by the Company are net deferred income tax assets resulting from temporary differences between statutory accounting principles basis and tax basis not expected to reverse and become recoverable within three years.\nFurther, statutory accounting principles do not give recognition to purchase accounting adjustments.\nStatutory net income (loss) of Metropolitan Life Insurance Company, a New York domiciled insurer, was $1,221 million, ($338) million and $2,123 million for the years ended December 31, 2009, 2008 and 2007, respectively.\nStatutory capital and surplus, as filed with the Department, was $12.6 billion and $11.6 billion at December 31, 2009 and 2008, respectively.\nStatutory net income of MetLife Insurance Company of Connecticut, a Connecticut domiciled insurer, was $81 million, $242 million and $1,101 million for the years ended December 31, 2009, 2008 and 2007, respectively.\nStatutory capital and surplus, as filed with the Connecticut Insurance Department, was $4.9 billion and $5.5 billion at December 31, 2009 and 2008, respectively.\nStatutory net income of MPC, a Rhode Island domiciled insurer, was $266 million, $308 million and $400 million for the years ended December 31, 2009, 2008 and 2007, respectively.\nStatutory capital and surplus, as filed with the Insurance Department of Rhode Island, was $1.8 billion at both December 31, 2009 and 2008.\nStatutory net income of Metropolitan Tower and Life Insurance Company (MTL), a Delaware domiciled insurer, was $57 million, $212 million and $103 million for the years ended December 31, 2009, 2008 and 2007, respectively.\nStatutory capital and surplus, as filed with the Delaware Insurance Department was $867 million and $885 million at December 31, 2009 and 2008, respectively."}
{"_id": "d8df06176", "title": "", "text": "| Payments Due by Period | Less Than 1 Year | Securities sold under agreements to repurchase-1 | FHLB advances and other borrowings-1(2) | Corporate debt-3 | Uncertain tax positions | Certificates of deposit and brokered certificates of deposit-1(4) | Operating lease payments-5 | Purchase obligations-6 | Total contractual obligations |"}
{"_id": "d8749dcd0", "title": "", "text": "| December 31 (In billions) 2008 2007 | U.S. | Europe | Pacific Basin | Americas | Other Global | Total |"}
{"_id": "d899fdbf6", "title": "", "text": "Asset Management operations The principal sources of liquidity for our fee-based asset management businesses include asset management fees and commercial mortgage origination and servicing fees.\nThe principal uses of liquidity include general and administrative expenses and distributions of dividends and returns of capital to Prudential Financial.\nThe primary liquidity risks for our fee-based asset management businesses relate to their profitability, which is impacted by market conditions and our investment management performance.\nWe believe the cash flows from our fee-based asset management businesses are adequate to satisfy the current liquidity requirements of these operations, as well as requirements that could arise under reasonably foreseeable stress scenarios, which are monitored through the use of internal measures.\nThe principal sources of liquidity for our strategic investments held in our asset management businesses are cash flows from investments, the ability to liquidate investments, and available borrowing lines from internal sources, including Prudential Financial and Prudential Funding, LLC (“Prudential Funding”), a wholly-owned subsidiary of Prudential Insurance.\nThe primary liquidity risks include the inability to sell assets in a timely manner, declines in the value of assets and credit defaults.\nThere were no material changes to the liquidity position of our asset management operations during 2016."}
{"_id": "d8e9bc5c0", "title": "", "text": "| December 31, 2015 | Bank of America Corporation | (Dollars in millions) | Risk-based capital metrics: | Common equity tier 1 capital | Tier 1 capital | Total capital-3 | Risk-weighted assets (in billions) | Common equity tier 1 capital ratio | Tier 1 capital ratio | Total capital ratio | Leverage-based metrics: | Adjusted quarterly average assets (in billions)(4) | Tier 1 leverage ratio | December 31, 2014 | Risk-based capital metrics: | Common equity tier 1 capital | Tier 1 capital | Total capital-3 | Risk-weighted assets (in billions) | Common equity tier 1 capital ratio | Tier 1 capital ratio | Total capital ratio | Leverage-based metrics: | Adjusted quarterly average assets (in billions)(4) | Tier 1 leverage ratio |"}
{"_id": "d8b4779b4", "title": "", "text": "Net cash used in financing activities of $268.5 million in 2016 consisted primarily of purchases of treasury stock of $662.3 million, partially offset by (1) net proceeds from the issuance of debt of $222.1 million, (2) proceeds from stock plans of $103.3 million, and (3) the excess tax benefit from stock plans of $64.3 million.\nNet cash used in financing activities of $158.6 million in 2015 consisted primarily of purchases of treasury stock of $280.1 million, partially offset by (1) proceeds from stock plans of $87.2 million, and (2) the excess tax benefit from stock plans of $41.3 million.\nNet cash used in financing activities of $153.0 million in 2014 consisted primarily of purchases of treasury stock of $300.9 million, partially offset by (1) proceeds from stock plans of $113.3 million, and (2) the excess tax benefit from stock plans of $49.4 million (including the realization of previously unrealized excess tax benefits)."}
{"_id": "d896784c2", "title": "", "text": "n E W lY i SSUED BU t not YE t a D o P t ED acco U ntin G GU i D anc E In May 2011, the FASB issued amended guidance clarifying how to measure and disclose fair value.\nWe do not believe the adoption of such amended guidance on January 1, 2012, will have a significant effect on our consolidated financial statements.\nWe have also considered all other newly issued accounting guidance that is applicable to our operations and the preparation of our consolidated statements, including that which we have not yet adopted.\nWe do not believe that any such guidance will have a material effect on our financial position or results of operation."}
{"_id": "d8b6272c8", "title": "", "text": "| Year Ended | September 26, 2010 | Interest and dividend income: | Corporate and other segments | QSI | Interest expense | Net realized gains on investments: | Corporate and other segments | QSI | Net impairment losses on investments: | Corporate and other segments | QSI | Gains on derivative instruments | Equity in losses of investees | $751 |"}
{"_id": "d829eda8c", "title": "", "text": "| For the Years Ended December 31 | Segment | Professional Instrumentation | Medical Technologies | Industrial Technologies | Tools & Components |"}
{"_id": "d867936a2", "title": "", "text": "For the year ended December 31, 2011 we issued 178,148 shares of our common stock having a fair value of $2.6 million related to vested performance share units.\nBased on the weighted average grant date fair value of $20.71 there was $11.7 million of total unrecognized compensation cost related to non-vested performance share units.\nThat cost is expected to be recognized over a weighted-average period of 1.1 years.\nNOTE 7: Cash and Cash Equivalents and Investments in Marketable Securities Our investment portfolio at December 31, 2011 consisted of cash, cash equivalents and investments in debt securities primarily issued by government and municipal entities.\nWe also hold 1,000,000 shares of Connacher Oil and Gas Limited common stock that was received as partial consideration upon the sale of our Montana refinery in 2006.\nWe invest in highly-rated marketable debt securities, primarily issued by government and municipal entities that have maturities at the date of purchase of greater than three months.\nWe also invest in other marketable debt securities with the maximum maturity or put date of any individual issue generally not greater than two years from the date of purchase.\nAll of these instruments, including investments in equity securities, are classified as availablefor-sale.\nAs a result, they are reported at fair value using quoted market prices.\nInterest income is recorded as earned.\nUnrealized gains and losses, net of related income taxes, are reported as a component of accumulated other comprehensive income.\nUpon sale, realized gains and losses on the sale of marketable securities are computed based on the specific identification of the underlying cost of the securities sold and the unrealized gains and losses previously reported in other comprehensive income are reclassified to current earnings.\nThe approximate future minimum rental commitments as of December 31, 2012, for all non-cancelable leases with initial or remaining terms of one year or more are shown in the following table."}
{"_id": "d81bf4304", "title": "", "text": "| Gross Claims Liability Estimated Insurance Recoveries(a) Net Claims Liability | Balance, December 31, 2005 | Self-insurance expense (benefit) | Cash (paid) received | Balance, December 31, 2006 | Self-insurance expense (benefit) | Cash (paid) received | Balance, December 31, 2007 | Self-insurance expense (benefit) | Cash (paid) received | Balance, December 31, 2008 | Current portion at December 31, 2008 | Long-term portion at December 31, 2008 |"}
{"_id": "d8dd7a7bc", "title": "", "text": "| Years ended December 31, 2015 2014 2013 2012 2011 2010 2009 2008 2007 2006 | (In thousands, except per share, Team Members, stores and ratio data) | BALANCE SHEET DATA: | Working capital (g)($) | Total assets (g)($) | Inventory turnover (h) | Accounts payable to inventory (i) | Current portion of long-term debt and short-term debt ($) | Long-term debt, less current portion (g)($) | Shareholders' equity ($) | CASH FLOW DATA: | Cash provided by operating activities ($) | Capital expenditures ($) | Free cash flow (j)($) |"}
{"_id": "d8e79b796", "title": "", "text": "Mortgage Loans Mortgage Loan Valuation Allowances Mortgage loans are considered to be impaired when management estimates that, based upon current information and events, it is probable that the Company will be unable to collect amounts due according to the contractual terms of the loan agreement.\nThe Company reviews mortgage loans on a quarterly basis to identify potential credit losses.\nAmong other factors, management reviews current and projected macroeconomic trends, such as unemployment rates and property-specific factors such as rental rates, occupancy levels, LTV ratios and debt service coverage ratios (DSCR).\nIn addition, the Company considers historical, current and projected delinquency rates and property values.\nEstimates of collectibility require the use of significant management judgment and include the probability and timing of borrower default and loss severity estimates.\nIn addition, cash flow projections may change based upon new information about the borrower's ability to pay and/or the value of underlying collateral such as changes in projected property value estimates.\nFor mortgage loans that are deemed impaired, a valuation allowance is established for the difference between the carrying"}
{"_id": "d8baf47d8", "title": "", "text": "| Pension Benefits Other Retiree Benefits | Years ended June 30 | Service cost | Interest cost | Expected return on plan assets | Prior service cost /(credit) amortization | Net actuarial loss amortization | Curtailments, settlements and other | GROSS BENEFIT COST/(CREDIT) | Dividends on ESOP preferred stock | NET PERIODIC BENEFIT COST/(CREDIT) |"}
{"_id": "d89fc2e56", "title": "", "text": "(1) Primarily represents reinsurance recoverables established under the reinsurance arrangements associated with the acquisition of the retirement business of CIGNA.\nThe Company has recorded reinsurance recoverables related to the acquisition of the retirement business of CIGNA of $481 million and $682 million at December 31, 2018 and 2017, respectively.\nAlso included is $15 million and $13 million of reinsurance recoverables at December 31,"}
{"_id": "d8861f0c6", "title": "", "text": "| December 31, 2006 | Less than twelve months | Carrying value | (in millions) | Fixed maturities, available-for-sale: | U.S. government and agencies | Non-U.S. governments | States and political subdivisions | Corporate — public | Corporate — private | Mortgage-backed and other asset-backed securities | Total fixed maturities, available-for-sale | Total equity securities, available-for-sale |"}
{"_id": "d877b0daa", "title": "", "text": "| (pre-tax, millions) For the Year Ended December 31, | Amount of Gain/(Loss) Recognized in Other Comprehensive Earnings/(Losses) on Derivatives | 2015 | Derivatives in Cash Flow Hedging Relationship | Foreign exchange contracts | Net revenues | Cost of sales | Marketing, administration and research costs | Interest expense, net | Derivatives in Net Investment Hedging Relationship | Foreign exchange contracts | Total |"}
{"_id": "d8e5614b2", "title": "", "text": "| (Dollar amounts in millions) 12/31/2011 Net New Business Net  Acquired Market /FX App (Dep) 12/31/2012 | Equity | Fixed income | Multi-asset class | Alternatives | Long-term |"}
{"_id": "d8acffa88", "title": "", "text": "| December 31, | 2010 | Carrying | Value | (In millions) | Office | Apartments | Real estate private equity funds | Industrial | Retail | Hotel | Land | Agriculture | Other | Total real estate and real estate joint ventures |"}
{"_id": "d8f66c86a", "title": "", "text": "| 2010 | Amortized Cost | (in millions) | Fixed maturities, held to maturity | Foreign government bonds | Corporate securities | Asset-backed securities-1 | Commercial mortgage-backed securities | Residential mortgage-backed securities-2 | Total fixed maturities, held to maturity |"}
{"_id": "d89db7396", "title": "", "text": "| (in millions) Exposures as of December 31, 2008 Net gains/(losses) reported in income – year ended December 31,2008 (a) Unrealized gains/(losses) included in other comprehensive income (pretax) – year ended December 31, 2008 | U.S. residential mortgage: | Prime | Alt-A | Subprime | Non-U.S. residential | Commercial mortgage | U.S. government and federal agency obligations: | Mortgage-backed securities | Collateralized mortgage obligations | U.S. government-sponsored enterpriseobligations: | Mortgage-backed securities | Directobligations |"}
{"_id": "d8a488648", "title": "", "text": "| Year Ended December 31, | (in millions) | Net cash provided by operating activities |"}
{"_id": "d8a626b58", "title": "", "text": "| 2005 (Thousands of Dollars, except per share amounts) | Net income — as reported | Less: Total share-based employee compensation expense determined under fair-value-based method for stock options, net of related tax effects | Pro forma net income | Earnings per share: | Basic — as reported | Basic — pro forma | Diluted — as reported | Diluted — pro forma |"}
{"_id": "d86bb72ce", "title": "", "text": "Cash Flow from Investing Activities During 2005, we paid $352.8 million to acquire CarePlus, net of $92.1 million of cash acquired, and we paid $50.0 million to acquire Corphealth, net of $4.0 million of cash acquired.\nDuring 2004, we paid $141.8 million to acquire Ochsner, net of $15.3 million of cash acquired.\nWe reinvested a portion of our operating cash flows over the last several years in investment securities, primarily short-duration fixed income securities, totaling $233.3 million in 2005, $407.3 million in 2004, and $283.1 million in 2003.\nOur ongoing capital expenditures primarily relate to our technology initiatives and administrative facilities necessary for activities such as claims processing, billing and collections, medical utilization review, and customer service.\nTotal capital expenditures, excluding acquisitions, were $165.8 million in 2005, $114.1 million in 2004, and $101.3 million in 2003.\nThe increased spending in 2005 primarily resulted from our Medicare expansion initiatives.\nExcluding acquisitions, we expect our total capital expenditures in 2006 to range between $125 million and $135 million.\nDespite significant growth in Medicare, Medicare receivables declined $6.5 million from 2006 to 2007 due to the net collection of receivables associated with the CMS risk adjustment model.\nLikewise, the $77.3 million increase in Medicare receivables from 2005 to 2006 resulted from an increase in receivables associated with the CMS risk adjustment model.\nThe decline in Commercial and other receivables from 2005 to 2006 resulted from the change in the mix of members from fully-insured to ASO.\nThe $22.7 million increase in the allowance for doubtful accounts from 2006 to 2007 resulted from the growth of the Medicare business."}
{"_id": "d8b34cea4", "title": "", "text": "| Year Ended December 31, 2018 Year Ended December 31, 2017 Year Ended December 31, 2016 | Shares | Outstanding at beginning of period | Granted | Vested | Forfeited | Outstanding at end of period | Year | 2019 | 2020 | 2021 | 2022 | 2023 | Thereafter | Total Outstanding |"}
{"_id": "d8d3a9a58", "title": "", "text": "Hologic, Inc.  Notes to Consolidated Financial Statements (continued) (In thousands, except per share data) Companys consolidated financial statements from the date of acquisition as part of its other business segment.\nThe Company has concluded that the acquisition of AEG does not represent a material business combination and therefore no pro forma financial information has been provided herein.\nAEG specializes in the manufacture of photoconductor materials for use in a variety of electro photographic applications including for the coating of the Companys digital detectors.\nThe acquisition of AEG allows the Company to have control over a critical step in its detector manufacturing process  to efficiently manage its supply chain and improve manufacturing margins.\nThe combination of the companies should also facilitate further manufacturing efficiencies and accelerate research and development of new detector products.\nAEG was a privately held group of companies headquartered in Warstein, Germany, with manufacturing operations in Germany, China and the United States.\nThe aggregate purchase price for AEG was approximately $31,300 (subject to adjustment) consisting of EUR $24,100 in cash and 110 shares of Hologic Common Stock valued at $5,300, and approximately $1,900 for acquisition related fees and expenses.\nThe Company determined the fair value of the shares issued in connection with the acquisition in accordance with EITF Issue No.99-12, Determination of the Measurement Date for the Market Price of Acquirer Securities Issued in a Purchase Business Combination.\nThese 110 shares are subject to contingent put options pursuant to which the holders have the option to resell the shares to the Company during a period of one year following the completion of the acquisition if the closing price of the Companys stock falls and remains below a threshold price.\nThe repurchase price would be the closing price of the Companys common stock on the date of exercise.\nThe Companys maximum aggregate obligation under these put options would be approximately $4,100 if the put option were exercised for all the shares covered by those options and the closing price of our common stock on the date of exercise equaled the maximum threshold price permitting the exercise of the option.\nNo shares were subject to the put option as of September 30, 2006 as the Companys stock price was in excess of the minimum value.\nThe acquisition also provides for a one-year earn out of EUR 1,700 (approximately $2,000 USD) which will be payable in cash if AEG calendar year 2006 earnings, as defined, exceeds a pre-determined amount.\nThe Company has considered the provision of EITF Issue No.95-8, Accounting for Contingent Consideration Paid to the Shareholders of and Acquired Enterprise in a Purchase Business Combination, and concluded that this contingent consideration represents additional purchase price.\nAs a result, goodwill will be increased by the amount of the additional consideration, if any, when it becomes due and payable.\nThe components and allocation of the purchase price, consists of the following approximate amounts:"}
{"_id": "d8e561610", "title": "", "text": "| Years Ended March 31, | (Dollars in millions) | Segment Operating Profit | Pharmaceutical Solutions | Medical-Surgical Solutions | Provider Technologies | Subtotal | Corporate Expenses, net | Securities Litigation charge | Interest Expense | Income (Loss) from ContinuingOperations, Before Income Taxes | Segment Operating Profit Margin | Pharmaceutical Solutions | Medical-Surgical Solutions | Provider Technologies |"}
{"_id": "d89eb8a42", "title": "", "text": "In June 2009, the FASB amended the guidance for determining whether an entity is a variable interest entity, or VIE, and requires the performance of a qualitative rather than a quantitative analysis to determine the primary beneficiary of a VIE.\nUnder this guidance, an entity would be required to consolidate a VIE if it has (i) the power to direct the activities that most significantly impact the entity’s economic performance and (ii) the obligation to absorb losses of the VIE or the right to receive benefits from the VIE that could be significant to the VIE.\nThis guidance is effective for the first annual reporting period that begins after November 15, 2009, with early adoption prohibited.\nWhile we are currently evaluating the effect of adoption of this guidance, we currently believe that its adoption will not have a material impact on our consolidated financial statements."}
{"_id": "d884c6b7a", "title": "", "text": "Total Debt Total debt at July 1, 2006 was $1,762,692,000, of which approximately 75% was at fixed rates averaging 6.0% with an average life of 19 years, and the remainder was at floating rates averaging 5.2%.\nCertain loan agreements contain typical debt covenants to protect noteholders, including provisions to maintain the company’s long-term debt to total capital ratio below a specified level.\nSYSCO was in compliance with all debt covenants at July 1, 2006.\nThe fair value of SYSCO’s total long-term debt is estimated based on the quoted market prices for the same or similar issues or on the current rates offered to the company for debt of the same remaining maturities.\nThe fair value of total long-term debt approximated $1,669,999,000 at July 1, 2006 and $1,442,721,000 at July 2, 2005, respectively.\nOther As of July 1, 2006 and July 2, 2005, letters of credit outstanding were $60,000,000 and $76,817,000, respectively.9.\nLEASES Although SYSCO normally purchases assets, it has obligations under capital and operating leases for certain distribution facilities, vehicles and computers.\nTotal rental expense under operating leases was $100,690,000, $92,710,000, and $86,842,000 in fiscal 2006, 2005 and 2004, respectively.\nContingent rentals, subleases and assets and obligations under capital leases are not significant.\nAggregate minimum lease payments by fiscal year under existing non-capitalized long-term leases are as follows:"}
{"_id": "d8e29e072", "title": "", "text": "| Site Location Start Court or Agency % of Total Liability | Maxey Flats Nuclear | Curcio Scrap Metal | Metal Bank of America | Cortese Landfill | Global Landfill | Borne Chemical |"}
{"_id": "d8ad8a16a", "title": "", "text": "ANALOG DEVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) Intangible assets are amortized on a straight-line basis over their estimated useful lives or on an accelerated method of amortization that is expected to reflect the estimated pattern of economic use.\nThe remaining amortization expense will be recognized over a weighted-average period of approximately 0.9 years.\nAmortization expense from continuing operations, related to intangibles was $7.4 million, $9.3 million and $9.2 million in fiscal 2009, 2008 and 2007, respectively.\nThe Company expects annual amortization expense for these intangible assets to be:"}
{"_id": "d8aa3af82", "title": "", "text": "| Year Ended December 31, 2006 2005 2004 | Cash flows (used in) provided by investing activities: | Acquisitions and investments, principally trademarks and bottling companies | Purchases of other investments | Proceeds from disposals of other investments | Purchases of property, plant and equipment | Proceeds from disposals of property, plant and equipment | Other investing activities | Net cash used in investing activities |"}
{"_id": "d8e77b018", "title": "", "text": "Certain non-structured liabilities The Company has elected the fair-value option for certain non-structured liabilities with fixed and floating interest rates (non-structured liabilities)."}
{"_id": "d834c4fbe", "title": "", "text": "Threadneedle Profit Sharing Plan On an annual basis, Threadneedle employees are eligible for a profit sharing arrangement.\nThe employee profit sharing plan provides for profit sharing of 30% based on an internally defined recurring pretax operating income measure for Threadneedle, which primarily includes pretax income related to investment management services and investment portfolio income excluding gains and losses on asset disposals, certain reorganization expenses, EPP and EIP expenses and other non-recurring expenses.\nCompensation expense related to the employee profit sharing plan was $54 million, $52 million and $32 million in 2011, 2010 and 2009, respectively."}
{"_id": "d8ec03e78", "title": "", "text": "| (in millions) Par Value | Fixed rate notes due August 2013, stated rate of 5.40% | Fixed rate notes due February 2014, stated rate of 5.75% | Fixed rate notes due March 2018, stated rate of 4.40%-1 | Fixed rate notes due September 2022, stated rate of 3.00%-2 | 2003 | Rental Expenses: | Office | Industrial | Retail | Other | Total | Real Estate Taxes: | Office | Industrial | Retail | Other | Total |"}
{"_id": "d8267f33c", "title": "", "text": "We recognize accrued interest and penalties related to unrecognized tax benefits as income tax expense.\nDuring 2017, we released interest and penalties of $38.3 million, and as of December 31, 2017, had a recognized liability for interest and penalties of $75.7 million, which included an increase of $3.0 million from December 31, 2016 related to business combinations.\nDuring 2016, we accrued interest and penalties of $19.3 million, and as of December 31, 2016, had recognized a liability for interest and penalties of $110.8 million, which included an $8.6 million increase from December 31, 2015 related to the Biomet merger.\nDuring 2015, we accrued interest and penalties of $4.8 million, and as of December 31, 2015, had recognized a liability for interest and penalties of $82.9 million, which included an increase of $29.8 million from December 31, 2014 related to the Biomet merger.\nWe operate on a global basis and are subject to numerous and complex tax laws and regulations.\nAdditionally, tax laws have and continue to undergo rapid changes in both application and interpretation by various countries, including state aid interpretations and the Organization for Economic Cooperation and Development led initiatives.\nOur income tax filings are subject to examinations by taxing authorities throughout the world.\nIncome tax audits may require an extended period of time to reach resolution and may result in significant income tax adjustments when interpretation of tax laws or allocation of company profits is disputed.\nAlthough ultimate timing is uncertain, the net amount of tax liability for unrecognized tax benefits may change within the next twelve months due to changes in audit status, expiration of statutes of limitations, settlements of tax assessments and other events.\nManagements best estimate of such change is within the range of a $115 million decrease to a $25 million increase.\nOur U. S.  Federal income tax returns have been audited through 2009 and are currently under audit for years 2010- 2015.\nThe IRS has proposed adjustments for years 2005-2012, reallocating profits between certain of our U. S.  and foreign subsidiaries.\nWe have disputed these adjustments and intend to continue to vigorously defend our positions.\nFor years 2005- 2007, we have filed a petition with the U. S.  Tax Court.\nFor years 2008-2009, we are pursuing resolution through the IRS Administrative Appeals Process.\nState income tax returns are generally subject to examination for a period of 3 to 5 years after filing of the respective return.\nThe state impact of any federal changes generally remains subject to examination by various states for a period of up to one year after formal notification to the states.\nWe have various state income tax return positions in the process of examination, administrative appeals or litigation.\nIn other major jurisdictions, open years are generally 2009 or later.16.\nCapital Stock and Earnings per Share We are authorized to issue 250.0 million shares of preferred stock, none of which were issued or outstanding as of December 31, 2017.\nThe numerator for both basic and diluted earnings per share is net earnings available to common stockholders.\nThe denominator for basic earnings per share is the weighted average number of common shares outstanding during the period.\nThe denominator for diluted earnings per share is weighted average shares outstanding adjusted for the effect of dilutive stock options and other equity awards.\nThe following is a reconciliation of weighted average shares for the basic and diluted share computations (in millions):"}
{"_id": "d8c28a966", "title": "", "text": "| 2016 2015 2014 | Cash and cash equivalents at beginning of year | Operating activities | Net earnings | Non-cashadjustments | Changes in working capital | Other, net | Net cash provided by operating activities | Net cash used for investing activities | Net cash provided by (used for) financingactivities | Net change in cash and cash equivalents | Cash and cash equivalents at end of year |"}
{"_id": "d82ba7300", "title": "", "text": "| Total Consolidated Portfolio Industrial Medical Office Non-reportable | Year ofExpiration | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 and Thereafter | Total Leased | Total Portfolio Square Feet | Percent Leased |"}
{"_id": "d861be1f0", "title": "", "text": "Expenses Total expenses, which exclude the market impact on indexed universal life benefits (net of hedges and the related DAC amortization), increased $135 million, or 8%, to $1.8 billion for the year ended December 31, 2013 compared to $1.7 billion for the prior year primarily due to an increase in benefits, claims, losses and settlement expenses.\nDistribution expenses increased $10 million, or 15%, to $77 million for the year ended December 31, 2013 compared to $67 million for the prior year driven by higher compensation related to higher sales.\nBenefits, claims, losses and settlement expenses, which exclude the market impact on indexed universal life benefits (net of hedges), increased $106 million, or 9%, to $1.3 billion for the year ended December 31, 2013 compared to $1.1 billion for the prior year due to the impact of unlocking, higher expenses related to our auto and home business, an $8 million increase in disability income reserves in the second quarter of 2013 related to prior periods and a $9 million benefit from a life insurance reserve release in the prior year.\nThe increase in expenses related to our auto and home business was driven by higher claim and claim adjustment expense reflecting the impact of growth in exposures due to a 29% increase in gross new policies and higher loss cost trends, partially offset by lower catastrophe losses.\nAuto and home catastrophe losses were $42 million in 2013 compared to $51 million in the prior year, including $20 million from Superstorm Sandy.\nBenefits, claims, losses and settlement expenses for the year ended December 31, 2013 included a $4 million benefit from unlocking compared to a $14 million benefit in the prior year.\nThe primary driver of the unlocking impact in both periods was favorable mortality experience.\nAmortization of DAC increased $8 million, or 7%, to $118 million for the year ended December 31, 2013 compared to $110 million for the prior year due to the impact of unlocking.\nThe impact of unlocking was a $3 million benefit for the year ended December 31, 2013 compared to a $14 million benefit in the prior year.\nThe primary driver of the unlocking impact in both periods was a lower mortality assumption."}
{"_id": "d8be45e46", "title": "", "text": "| Calendar year: Pre-tax catastrophe losses | (Dollars in millions) | 2013 | 2012 | 2011 | 2010 | 2009 | Years Ended December 31, | (Dollars in millions) | 2013 | Attritional | Catastrophes | Total segment | 2012 | Attritional | Catastrophes | Total segment | 2011 | Attritional | Catastrophes | Total segment | Variance 2013/2012 | Attritional | Catastrophes | Total segment | Variance 2012/2011 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) | At December 31, | (Dollars in millions) | U.S. Reinsurance | International | Bermuda | Insurance | Mt. Logan | Total | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8baf4710", "title": "", "text": "| 2016 2015 2014 2013 | $10,595 | Pension Benefits | Years ended June 30 | CLASSIFICATION OF NET AMOUNT RECOGNIZED | Noncurrent assets | Current liability | Noncurrent liability | NET AMOUNT RECOGNIZED | AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI) | Net actuarial loss | Prior service cost /(credit) | NET AMOUNTS RECOGNIZED IN AOCI | CHANGE IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI) | Net actuarial loss /(gain) - current year | Prior service cost/(credit) - current year | Amortization of net actuarial loss | Amortization of prior service (cost) / credit | Settlement / curtailment cost | Currency translation and other | TOTAL CHANGE IN AOCI | NET AMOUNTS RECOGNIZED IN PERIODIC BENEFIT COST AND AOCI |"}
{"_id": "d89d478d4", "title": "", "text": "| In millions, except for per share data 2005 | Net income | Add: Stock-based employee compensation expense included in reported net income, net of related tax effects | Deduct: Total stock-based employee compensation expense determined under the fair value method for all awards, net of related taxeffects | Pro forma net income | Earnings per share | Basic-as reported | Basic-pro forma | Diluted-as reported | Diluted-pro forma |"}
{"_id": "d8855245e", "title": "", "text": "| 2008 2007 | December 31, | Credit-linked notes(a) | Static structure | Managed structure(b) | Total | December 31, (in millions) | 2010 | 2009 |"}
{"_id": "d86c4fd12", "title": "", "text": "| in millions As of December 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 - thereafter | Total |"}
{"_id": "d89db754e", "title": "", "text": "| Year ended December 31, 2006 Residential mortgage | (in millions, except for ratios and where | otherwise noted) | Principal securitized | Pretax gains | All cash flows during the period: | Proceeds from new securitizations | Servicing fees collected | Other cash flows received(a) | Proceeds from collections reinvestedin revolving securitizations | Purchases of previously transferredfinancial assets (or the underlyingcollateral)(b) | Cash flows received on the intereststhat continue to be held by theFirm(d) | Key assumptions used to measure retainedinterests originated during the year(rates per annum): | Prepaymentrate(e) | PPR | Weighted-average life (in years) | Expected credit losses | Discount rate |"}
{"_id": "d8f0945a0", "title": "", "text": "| Year Ended December 31, 2012 | in millions, except per share data | GAAP results | Non-GAAP adjustments: | Goodwill and other intangible asset impairment charges | Acquisition- and divestiture-related net credits | Restructuring-related charges | Litigation-related charges | Discrete tax items | Amortization expense | Adjusted results |"}
{"_id": "d8c823ff8", "title": "", "text": "| December 31, 2008 Number of Policyholders Net Paid Losses Net Asbestos Reserves Percent of Asbestos Net Reserves | (In millions of dollars) | Policyholders with settlement agreements | Structured settlements | Wellington | Coverage in place | Total with settlement agreements | Other policyholders with active accounts | Large asbestos accounts | Small asbestos accounts | Total other policyholders | Assumed reinsurance and pools | Unassigned IBNR | Total | Structured settlements | Wellington | Coverage in place | Total with settlement agreements | Other policyholders with active accounts | Large asbestos accounts | Small asbestos accounts | Total other policyholders | Assumed reinsurance and pools | Unassigned IBNR | Total |"}
{"_id": "d8d5c9702", "title": "", "text": "| Period of Expiration | 2010-2015 | Net operating loss | R&D credit | CA Credits | CT credit | MA credits | WI credits | IN credits |"}
{"_id": "d8d97be04", "title": "", "text": "| (Amounts in thousands) For the Year Ended December 31, 2006 | Total | Property rentals | Straight-line rents: | Contractual rent increases | Amortization of free rent | Amortization of acquired below- market leases, net | Total rentals | Tenant expense reimbursements | Fee and other income: | Tenant cleaning fees | Management and leasing fees | Lease termination fees | Other | Total revenues | Operating expenses | Depreciation and amortization | General and administrative | Total expenses | Operating income (loss) | (Loss) income applicable to Alexander’s | Loss applicable to Toys “R” Us | Income from partially owned entities | Interest and other investment income, net | Interest and debt expense | Net gains on disposition of wholly owned and partially owned assets other than depreciable real estate | Minority interest of partially owned entities | Income (loss) before income taxes | Income tax (expense) benefit | Income (loss) from continuing operations | Income (loss) from discontinued operations, net | Income (loss) before allocation to minority limited partners | Minority limited partners’ interest in the Operating Partnership | Perpetual preferred unit distributions of the Operating Partnership | Net income (loss) | Interest and debt expense-3 | Depreciation and amortization-3 | Income tax (benefit) expense(3) | EBITDA-1 | Percentage of EBITDA by segment |"}
{"_id": "d8a00cde4", "title": "", "text": "| 2004 2003 2002 2001 | $1,413 |"}
{"_id": "d8bb57810", "title": "", "text": "| Defined benefit pension plans | As of or for the year ended December 31, | (in millions) | Change in benefit obligation | Benefit obligation, beginning of year | Benefits earned during the year | Interest cost on benefit obligations | Plan amendments | WaMu Global Settlement | Employee contributions | Net gain/(loss) | Benefits paid | Expected Medicare Part D subsidy receipts | Foreign exchange impact and other | Benefit obligation, end of year | Change in plan assets | Fair value of plan assets, beginning of year | Actual return on plan assets | Firm contributions | WaMu Global Settlement | Employee contributions | Benefits paid | Foreign exchange impact and other | Fair value of plan assets, end of year | Funded/(unfunded) status(a) | Accumulated benefit obligation, end of year |"}
{"_id": "d87aa3602", "title": "", "text": "| 2009 | Q1 | Leverage Ratio | Interest Coverage Ratio | Long-term AUM |"}
{"_id": "d8d5a12a2", "title": "", "text": "| 2008 High Low | Quarter ended March 31 | Quarter ended June 30 | Quarter ended September 30 | Quarter ended December 31 | 2007 | Quarter ended March 31 | Quarter ended June 30 | Quarter ended September 30 | Quarter ended December 31 |"}
{"_id": "d89710e5c", "title": "", "text": "| Dividend | Declaration Date | January 26, 2011 | October 25, 2010 | July 28, 2010 | April 28, 2010 | January 27, 2010 |"}
{"_id": "d894cfe18", "title": "", "text": "| Years Ended December 31, | 2007 | (In millions) | Net investment gains (losses), excluding embedded derivatives | Policyholder benefits and claims | Net investment income-1 |"}
{"_id": "d86bc2976", "title": "", "text": "Financial Review Net Cash Provided by Operating Activities Net cash provided by operating activities of $8.9 billion for the year ended December 31, 2017, increased by $0.8 billion from the comparable 2016 period.\nWhile the impacts of the Tax Cuts and Jobs Act reduced net earnings by $1.6 billion, there was no net impact on operating cash flows for the year, as the changes in deferred taxes and income taxes payable offset the net earnings impact.\nExcluding the impact of the Tax Cuts and Jobs Act as well as favorable currency movements of $0.4 billion, the increase in cash flows provided by operating activities can be attributed to higher net earnings offset by working capital and other movements.\nAt December 31, 2017, PMI recorded an income tax payable of $1.7 billion representing the transition tax of $2.2 billion, partially offset by foreign tax credits related to foreign withholding taxes previously paid of $0.5 billion.\nThe income tax payable is due over an 8-year period beginning in 2018.\nFor further details, see Item 8, Note 11.\nIncome Taxes to our consolidated financial statements.\nNet cash provided by operating activities of $8.1 billion for the year ended December 31, 2016, increased by $212 million from the comparable 2015 period.\nExcluding unfavorable currency movements of $409 million, the change was due primarily to net earnings growth and lower cash payments related to exit costs, partly offset by higher working capital requirements and 2016 installment payments of security into a court trust pertaining to the Létourneau and Blais cases as well as a 2016 payment to the South Korean tax authorities (see Item 8, Note 18.\nContingencies for additional information).\nExcluding currency, the unfavorable variance in working capital was due primarily to the following: ?\nmore cash used for accounts receivable, primarily due to the timing of sales and cash collections (including unfavorable comparisons to the cash flows provided for accounts receivable in 2015 following the expansion of arrangements to sell accounts receivable to unaffiliated financial institutions as disclosed in Item 8, Note 20.\nSale of Accounts Receivable), partly offset by ?\nmore cash provided by accrued liabilities and other current assets, primarily due to the timing of payments for excise taxes."}
{"_id": "d89bd4948", "title": "", "text": "| Amount Ratios | December 31Dollars in millions | Risk-based capital | Common equity Tier 1 (b) | PNC | PNC Bank | Tier 1 | PNC | PNC Bank | Total | PNC | PNC Bank | Leverage | PNC | PNC Bank |"}
{"_id": "d82384d26", "title": "", "text": "South Africa Acquisition—On November 4, 2010, the Company entered into a definitive agreement with Cell C (Pty) Limited to purchase up to approximately 1,400 existing towers, and up to 1,800 additional towers that either are under construction or will be constructed, for an aggregate purchase price of up to approximately $430 million.\nThe Company anticipates closing the purchase of up to 1,400 existing towers during 2011, subject to customary closing conditions.\nOther Transactions Coltel Transaction—On September 3, 2010, the Company entered into a definitive agreement to purchase the exclusive use rights for towers in Colombia from Colombia Telecomunicaciones S. A.  E. S. P.  (“Coltel”) until 2023, when ownership of the towers will transfer to the Company at no additional cost.\nPursuant to that agreement, the Company completed the purchase of exclusive use rights for 508 towers for an aggregate purchase price of $86.8 million during the year ended December 31, 2010.\nThe Company expects to complete the purchase of the exclusive use rights for an additional 180 towers by the end of 2011, subject to customary closing conditions.\nThe transaction has been accounted for as a capital lease, with the aggregated purchase price being allocated to property and equipment and non-current assets.\nJoint Venture with MTN Group—On December 6, 2010, the Company entered into a definitive agreement with MTN Group Limited (“MTN Group”) to establish a joint venture in Ghana (“TowerCo Ghana”).\nTowerCo Ghana, which will be managed by the Company, will be owned by a holding company of which a wholly owned American Tower subsidiary will hold a 51% share and a wholly owned MTN Group subsidiary (“MTN Ghana”) will hold a 49% share.\nThe transaction involves the sale of up to 1,876 of MTN Ghana’s existing sites to"}
{"_id": "d8adec3d8", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements 20.\nFAIR VALUE OF ASSETS AND LIABILITIES (continued)"}
{"_id": "d89bcbf0a", "title": "", "text": "| (In thousands except per share data) First Quarter 2008 Second Quarter 2008 Third Quarter 2008 Fourth Quarter 2008 Fiscal Year 2008 | Net sales and operating revenues | Gross profit | CarMax Auto Financeincome (loss) | Selling, general andadministrative expenses | Net earnings | Net earnings per share: | Basic | Diluted |"}
{"_id": "d811dc0c4", "title": "", "text": "| $ in millions As of December 2013 | Common shareholders’ equity | Goodwill | Identifiable intangible assets | Deferred tax liabilities | Goodwill and identifiable intangible assets, net of deferred tax liabilities | Deductions for investments in nonconsolidated financial institutions1 | Otheradjustments2 | Basel III CET1 | Basel III Advanced RWAs | Basel III Advanced CET1 Ratio |"}
{"_id": "d8cff52b8", "title": "", "text": "| Severance Pay and Benefits Outside Services 1 Other Direct Costs Total | 2010 | Costs incurred | Payments | Noncash and exchange | Accrued balance as of December 31 | 2011 | Costs incurred | Payments | Noncash and exchange | Accrued balance as of December 31 |"}
{"_id": "d8192296e", "title": "", "text": "We have a five year $1,350 million revolving, multicurrency, senior unsecured credit facility maturing November 30, 2012 (Senior Credit Facility).\nWe had $128.8 million outstanding under the Senior Credit Facility at December 31, 2009, and an availability of $1,221.2 million.\nThe Senior Credit Facility contains provisions by which we can increase the line to $1,750 million.\nWe also have available uncommitted credit facilities totaling $84.1 million.\nWe may use excess cash or further borrow against our Senior Credit Facility, subject to limits set by our Board of Directors, to repurchase additional common stock under the $1.25 billion program which expires December 31, 2010.\nApproximately $211.1 million remains authorized for future repurchases under this plan.\nManagement believes that cash flows from operations and available borrowings under the Senior Credit Facility are sufficient to meet our expected working capital, capital expenditure and debt service needs.\nShould investment opportunities arise, we believe that our earnings, balance sheet and cash flows will allow us to obtain additional capital, if necessary."}
{"_id": "d87adb1ba", "title": "", "text": "| (in millions) December 31, 2013 Net Inflows Market Change FX Impact December 31, 2014 | Equity | Fixed income | Multi-asset class | Alternatives-1 | TotaliShares |"}
{"_id": "d8e90cb20", "title": "", "text": "| Price Range | High | 2008 | Quarter ended March 31, 2008 | Quarter ended June 30, 2008 | Quarter ended September 30, 2008 | Quarter ended December 31, 2008 | 2007 | Quarter ended March 31, 2007 | Quarter ended June 30, 2007 | Quarter ended September 30, 2007 | Quarter ended December 31, 2007 |"}
{"_id": "d80f19ad0", "title": "", "text": "| (Dollars in millions) Securities -1 Derivatives -2 Employee Benefit Plans -3 Foreign Currency -4 Total | Balance, December 31, 2007 | Net change in fair value recorded in accumulated OCI-5 | Net realized losses reclassified into earnings-6 | Balance, December 31, 2008 | Balance, December 31, 2006 | Net change in fair value recorded in accumulated OCI-5 | Net realized (gains) losses reclassified into earnings(6) | Balance, December 31, 2007 | Balance, December 31, 2005 | Net change in fair value recorded in accumulated OCI | Net realized (gains) losses reclassified into earnings(6) | Balance, December 31, 2006 |"}
{"_id": "d8d90421e", "title": "", "text": "SOC originates extended-term finance and contract receivables on sales of Snap-on product sold through the U. S.  franchisee and customer network and to Snap-ons industrial and other customers; Snap-ons foreign finance subsidiaries provide similar financing internationally.\nInterest income on finance and contract receivables is included in Financial services revenue on the accompanying Consolidated Statements of Earnings."}
{"_id": "d8805ef2e", "title": "", "text": "| 2009 | (Dollars in millions) | Trading account assets: | Corporate securities, trading loans and other | Equity securities | Non-U.S.sovereign debt | Mortgage trading loans and asset-backed securities | Total trading account assets | Net derivative assets-2 | Available-for-saledebt securities: | Non-agency MBS: | Residential | Commercial | Non-U.S.securities | Corporate/Agency bonds | Other taxable securities | Tax-exempt securities | Totalavailable-for-saledebt securities | Loans and leases-3 | Mortgage servicing rights | Loansheld-for-sale-3 | Other assets-4 | Trading account liabilities: | Non-U.S.sovereign debt | Corporate securities and other | Total trading account liabilities | Commercial paper and other short-term borrowings-3 | Accrued expenses and other liabilities-3 | Long-term debt-3 |"}
{"_id": "d86f2acb2", "title": "", "text": "Entergy Corporation and Subsidiaries Notes to Financial Statements 132 FERC audit report, System Energy initially recorded as a net regulatory asset the difference between the recovery of the lease payments and the amounts expensed for interest and depreciation and continues to record this difference as a regulatory asset or liability on an ongoing basis, resulting in a zero net balance for the regulatory asset at the end of the lease term.\nThe amount was a net regulatory asset (liability) of ($2.0) million and $60.6 million as of December 31, 2011 and 2010, respectively.\nAs of December 31, 2011, System Energy had future minimum lease payments (reflecting an implicit rate of 5.13%), which are recorded as long-term debt as follows:"}
{"_id": "d811145d8", "title": "", "text": "Smokeless Products Segment The smokeless products segment's operating companies income grew during 2012 driven by higher pricing, Copenhagen and Skoal's combined volume and retail share performance and effective cost management.\nThe following table summarizes smokeless products segment shipment volume performance:"}
{"_id": "d873efd9c", "title": "", "text": "Loss on extinguishment of debt.\nDuring the third and fourth quarters of 2009 we issued $1,250.0 million of senior notes, the proceeds of which were primarily used to purchase and retire outstanding senior notes maturing in 2010 through 2034.\nAdditionally, we repurchased certain of our outstanding senior notes in the secondary market.\nLandfill depletion and amortization expense in aggregate dollars increased primarily due to increased landfill disposal volumes and an overall increase in our average depletion rate.\nOffsetting these increases were favorable amortization adjustments of $13.3 million that were recognized in 2014 relative to asset retirement obligations, compared to favorable amortization adjustments of $0.3 million in 2013.\nIncluded in these favorable adjustments are increases in deemed probable expansion airspace at certain of our active solid waste landfills.\nDepreciation, Amortization and Depletion of Property and Equipment – 2013 compared to 2012 Depreciation and amortization of property and equipment in aggregate dollars increased $24.0 million, primarily due to higher costs of residential side loaders for automating our residential collection routes and an increased number of CNG vehicles.\nIn addition, we made increased investments in new and upgraded recycling infrastructure projects that became operational over the past several quarters.\nLandfill depletion and amortization expense in aggregate dollars increased $4.3 million, primarily due to increased landfill disposal volumes, as well as an overall increase in our average depletion rate.\nOffsetting these increases were favorable amortization adjustments of $0.3 million that were recognized in 2013 related to asset retirement obligations, compared to net unfavorable adjustments of $4.9 million in 2012.\nLandfill depletion and amortization as a percentage of revenue remained relatively consistent at 3.1% for 2013 and 3.2% for 2012.\nAmortization of Other Intangible Assets and Other Assets Expenses for amortization of other intangible assets and other assets were $68.4 million, $70.7 million and $70.1 million for the years ended December 31, 2014, 2013 and 2012, respectively, or, 0.8%, 0.8% and 0.9% of revenue, for 2014, 2013 and 2012, respectively.\nOur other intangible assets and other assets primarily relate to customer relationships, franchise agreements, other municipal agreements, favorable lease assets and, to a lesser extent, non-compete agreements and trade names.\nThe decline in amortization is the result of certain intangible assets now being fully amortized, partially offset by assets acquired in the acquisitions of various solid waste businesses throughout the year.\nAccretion Expense Accretion expense was $78.0 million, $76.6 million and $78.4 million, or, 0.9%, 0.9% and 1.0% of revenue, for the years ended December 31, 2014, 2013 and 2012, respectively.\nAccretion expense has remained relatively unchanged as our asset retirement obligations remained relatively consistent period over period.\nSelling, General and Administrative Expenses Selling, general and administrative expenses include salaries, health and welfare benefits, and incentive compensation for corporate and field general management, field support functions, sales force, accounting and finance, legal, management information systems, and clerical and administrative departments.\nOther expenses include rent and office costs, fees for professional services provided by third parties, legal settlements, marketing, investor and community relations services, directors’ and officers’ insurance, general employee relocation, travel, entertainment and bank charges.\nRestructuring charges are excluded from selling, general and administrative expenses and are discussed separately.\nThe following table summarizes our selling, general and administrative expenses for the years ended December 31, 2014, 2013 and 2012 (in millions of dollars and as a percentage of revenue):"}
{"_id": "d887d2e5e", "title": "", "text": "INDUSTRY Cruising is considered a well-established vacation sector in the North American market, a growing sector over the long-term in the European market and a developing but promising sector in several other emerging markets.\nIndustry data indicates that market penetration rates are still low and that a significant portion of cruise guests carried are first-time cruisers.\nWe believe this presents an opportunity for long-term growth and a potential for increased profitability.\nThe following table details market penetration rates for North America and Europe computed based on the number of annual cruise guests as a percentage of the total population:"}
{"_id": "d89788e98", "title": "", "text": "MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATION ?\nInterest expense on the Company’s secured debt decreased from $30.8 million in 2001 to $22.9 million in 2002 as the Company paid off $13.5 million of secured debt throughout 2002 and experienced lower borrowings on its secured line of credit during 2002 compared to 2001.\nAdditionally, the Company paid off approximately $128.5 million of secured debt throughout 2001.  ?\nInterest expense on the Company’s $500 million unsecured line of credit decreased by approximately $1.1 million in 2002 compared to 2001 as the Company maintained lower balances on the line throughout most of 2002.\nAs a result of the above-mentioned items, earnings from Rental Operations decreased $35.0 million from $254.1 million for the year ended December 31, 2001, to $219.1 million for the year ended December 31, 2002.\nService Operations Service Operations primarily consist of leasing, management, construction and development services for joint venture properties and properties owned by third parties.\nService Operations revenues decreased from $80.5 million for the year ended December 31, 2001, to $68.6 million for the year ended December 31, 2002.\nThe prolonged effect of the slow economy has been the primary factor in the overall decrease in revenues.\nThe Company experienced a decrease of $12.7 million in net general contractor revenues because of a decrease in the volume of construction in 2002, compared to 2001, as well as slightly lower profit margins.\nProperty management, maintenance and leasing fee revenues decreased from $22.8 million in 2001 to $14.3 million in 2002 primarily because of a decrease in landscaping maintenance revenue resulting from the sale of the landscaping operations in the third quarter of 2001.\nConstruction management and development activity income represents construction and development fees earned on projects where the Company acts as the construction manager along with profits from the Company’s held for sale program whereby the Company develops a property for sale upon completion.\nThe increase in revenues of $10.3 million in 2002 is primarily due to an increase in volume of the sale of properties from the held for sale program.\nService Operations expenses decreased from $45.3 million in 2001 to $38.3 million in 2002.\nThe decrease is attributable to the decrease in construction and development activity and the reduced overhead costs as a result of the sale of the landscape business in 2001.\nAs a result of the above, earnings from Service Operations decreased from $35.1 million for the year ended December 31, 2001, to $30.3 million for the year ended December 31, 2002.\nGeneral and Administrative Expense General and Administrative Expense increased from $15.6 million in 2001 to $25.4 million for the year ended December 31, 2002.\nThe Company has been successful reducing total operating and administration costs; however, reduced construction and development activities have resulted in a greater amount of overhead being charged to general and administrative expense instead of being capitalized into development projects or charged to service operations."}
{"_id": "d8a2a82c4", "title": "", "text": "| September 30, | Dollars in thousands | Blanco revolving credit facility at 4.53% and 3.34%, respectively, due 2006 | AmerisourceBergen securitization financing due 2007 | Revolving credit facility due 2009 | $400,000, 55/8% senior notes due 2012 | $500,000, 57/8% senior notes due 2015 | Term loan facility at 3.02% | Bergen 71/4% senior notes due 2005 | 81/8%senior notes due 2008 | 71/4%senior notes due 2012 | AmeriSource 5% convertible subordinated notes due 2007 | Other | Total debt | Less current portion | Total, net of current portion |"}
{"_id": "d81447bb0", "title": "", "text": "In December, our board of directors ratified its authorization of a stock repurchase program in the amount of 1.5 million shares of our common stock.\nAs of December 31, 2010 no shares had been repurchased.\nWe have paid dividends for 71 consecutive years with payments increasing each of the last 19 years.\nWe paid total dividends of $.54 per share in 2010 compared with $.51 per share in 2009."}
{"_id": "d8366a198", "title": "", "text": "SILICON VALLEY BANCSHARES AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) 24.\nStockholders Rights Plan On October 22, 1998, the Companys board of directors (the Board) approved and adopted a stockholders rights plan (the Rights Plan) to, among other things, protect the Companys stockholders from coercive takeover tactics.\nOn November 6, 2003, the Board approved and adopted Amendment No.1 to the Rights Plan to increase from 10% to 15% the minimum percentage of common shares that any person shall beneficially own to qualify as an Acquiring Person for purposes of triggering the stockholders rights under the Rights Plan.\nOn January 29, 2004, the Board approved and adopted an amended and restated Rights Plan (the Amended and Restated Rights Plan), which supercedes and replaces in entirety the Rights Plan.\nThe following summary of the Rights and the Amended and Restated Rights Plan is a general description only and is subject to the detailed terms and conditions of the Amended and Restated Rights Plan, a copy of which is attached as Exhibit 4.20 to the Companys"}
{"_id": "d8a3e19ec", "title": "", "text": "Reinsurance recoverables, included in premiums and other receivables, were $10.4 billion and $10.2 billion at December 31, 2007 and 2006, respectively, including $1.2 billion at both December 31, 2007 and 2006 relating to reinsurance of long-term GICs and structured settlement lump sum contracts accounted for as a financing transaction; $3.4 billion and $3.0 billion at December 31, 2007 and 2006, respectively, relating to reinsurance on the run-off of long-term care business written by Travelers; $1.2 billion and $1.3 billion at December 31, 2007 and 2006, respectively, relating to reinsurance on the run-off of workers compensation business written by Travelers; and $1.1 billion and $1.4 billion at December 31, 2007 and 2006, respectively, relating to the reinsurance of investment-type contracts held by small market defined benefit contribution plans.\nReinsurance and ceded commissions payables, included in other liabilities, were $571 million and $275 million at December 31, 2007 and 2006, respectively.9."}
{"_id": "d8ed98b44", "title": "", "text": "| (in millions) 2016 2017 2018 2019 2020 Thereafter Total | Senior Notes | Term Loans | $— |"}
{"_id": "d8ac21a12", "title": "", "text": "| 2013 | (dollar amounts in thousands, except per share amounts) | Interest income | Interest expense | Net interest income | Provision for credit losses | Net interest income after provision for credit losses | Total noninterest income | Total noninterest expense | Income before income taxes | Provision for income taxes | Net income | Dividends on preferred shares | Net income applicable to common shares | Common shares outstanding | Average—basic | Average—diluted-2 | Ending | Book value per share | Tangible book value per share-3 | Per common share | Net income—basic | Net income —diluted | Cash dividends declared | Common stock price, per share | High-4 | Low-4 | Close | Average closing price | Return on average total assets | Return on average common shareholders’ equity | Return on average tangible common shareholders’ equity-5 | Efficiency ratio-6 | Effective tax rate (benefit) | Margin analysis-as a % of average earning assets-7 | Interest income-7 | Interest expense | Net interest margin-7 | Revenue—FTE | Net interest income | FTE adjustment | Net interest income-7 | Noninterest income | Total revenue-7 |"}
{"_id": "d8c5948b4", "title": "", "text": "| 10/28/2007 10/26/2008 10/25/2009 10/31/2010 10/30/2011 10/28/2012 | Applied Materials | S&P 500 Index | RDG Semiconductor Composite Index |"}
{"_id": "d8731061a", "title": "", "text": "| Millions, Except Percentages 2010 2009 | Debt (a) | Equity | Capital (b) | Debt to capital (a/b) | Millions, Except Percentages | Debt | Value of sold receivables | Debt including value of sold receivables | Net present value of operating leases | Unfunded pension and OPEB | Adjusted debt (a) | Equity | Adjusted capital (b) | Adjusted debt to capital (a/b) |"}
{"_id": "d88fb4c3a", "title": "", "text": "| Interest Rate Derivates Number of Instruments Notional | Interest Rate Caps | Interest Rate Swaps |"}
{"_id": "d87e7df5c", "title": "", "text": "Consolidated Results of Operations Year Ended December 31, 2014 Compared to Year Ended December 31, 2013 The following table presents our consolidated results of operations:"}
{"_id": "d8e92add2", "title": "", "text": "The following table provides the carrying value and the estimated fair value of financial instruments that are not reported at fair value.\nAll other financial instruments that are reported at fair value have been included above in the table with balances of assets and liabilities Ameriprise Financial measured at fair value on a recurring basis."}
{"_id": "d82223aea", "title": "", "text": "| Twelve Months Ended December 31, 2014 Twelve Months Ended December 31, 2013 | (Millions of Dollars) | Operating revenues | Purchased power | Fuel | Gas purchased for resale | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Operating income |"}
{"_id": "d8f536d6a", "title": "", "text": "| (Millionsof Dollars, except for per sharedata) 2005 2004 2003 | Netearnings, asreported | Add:Stock-based compensation expense included in reportedincome | Less:Stock-based employee compensation expense determined under fair valuemethod, net of related taxeffects | Proforma netearnings | Earningsper share: | Basic, asreported | Basic,pro forma | Diluted,asreported | Diluted,proforma |"}
{"_id": "d85fc68ac", "title": "", "text": "| November 30, | 2008 | Carrying Amount | (In thousands) | ASSETS | Financial services: | Loans held-for-investment, net | Investments—held-to-maturity | LIABILITIES | Homebuilding: | Senior notes and other debts payable | Financial services: | Notes and other debts payable |"}
{"_id": "d88908e0e", "title": "", "text": "Credit Risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist of cash and temporary investments, interest rate swap agreements and trade accounts receivable.\nThe Company is exposed to credit losses in the event of nonperformance by counter parties to its financial instruments.\nThe Company anticipates, however, that counter parties will be able to fully satisfy their obligations under these instruments.\nThe Company places cash and temporary investments and its interest rate swap agreements with various high-quality financial institutions throughout the world, and exposure is limited at any one institution.\nAlthough the Company does not obtain collateral or other securityto supportthese financial instruments, it does periodically evaluate the credit standing of the counter party financial institutions.\nIn addition, concentrations of credit risk arising from trade accounts receivable are limited due to the diversity of its customers.\nThe Company performs ongoing credit evaluations of its customers financial conditions and obtains collateral or other security when appropriate."}
{"_id": "d86337fcc", "title": "", "text": "| Dollars in billions December 31 2011 December 312010 | Net outstanding standby letters of credit | Internal credit ratings (as a percentage of portfolio): | Pass (a) | Below pass (b) |"}
{"_id": "d8848a472", "title": "", "text": "Loan-to-value and debt service coverage ratios are measures commonly used to assess the quality of commercial mortgage loans.\nThe loan-to-value ratio compares the amount of the loan to the fair value of the underlying property collateralizing the loan, and is commonly expressed as a percentage.\nLoan-to-value ratios greater than 100% percent indicate that the loan amount is greater than the collateral value.\nA smaller loan-to-value ratio indicates a greater excess of collateral value over the loan amount.\nThe debt service coverage ratio compares a property’s net operating income to its debt service payments.\nDebt service coverage ratios less than 1.0 times indicate that property operations do not generate enough income to cover the loan’s current debt payments.\nA larger debt service coverage ratio indicates a greater excess of net operating income over the debt service payments.\nAs of December 31, 2009, our general account investments in commercial mortgage loans attributable to the Financial Services Businesses had a weighted average debt service coverage ratio of 1.80 times, and a weighted average loan-to-value ratio of 65%.\nAs of December 31, 2009, approximately 96% of commercial mortgage loans attributable to the Financial Services Businesses were fixed rate loans.\nAs of December 31, 2009, our general account investments in commercial mortgage loans attributable to the Closed Block Business had a weighted average debt service coverage ratio of 1.88 times, and a weighted average loan-to-value ratio of 58%.\nAs of December 31, 2009, approximately 99% of commercial mortgage loans attributable to the Closed Block Business were fixed rate loans.\nFor those general account commercial mortgage loans attributable to the Financial Services Businesses that were originated in 2009, the weighted average loan-to-value ratio was 59%, and the weighted average debt service coverage ratio was 1.72 times.\nThe values utilized in calculating these loan-to-value ratios are developed as part of our periodic review of the commercial mortgage loan portfolio, which includes an internal evaluation of the underlying collateral value.\nOur periodic review also includes a quality re-rating process, whereby we update the internal quality rating originally assigned at underwriting based on the proprietary quality rating system mentioned above.\nAs discussed below, the internal quality rating is a key input in determining our allowance for loan losses.\nFor loans with collateral under construction, renovation or lease-up, a stabilized value and projected net operating income are used in the calculation of the loan-to-value and debt service coverage ratios.\nOur commercial mortgage loan portfolio attributable to the Financial Services Businesses included approximately $1.1 billion and $1.8 billion of such loans as of December 31, 2009 and December 31, 2008, respectively, and our commercial mortgage loan portfolio attributable to the Closed Block Business included approximately $0.4 billion and $0.7 billion of such loans as of December 31, 2009 and December 31, 2008, respectively.\nAll else being equal, these loans are inherently more risky than those collateralized by properties that have already stabilized.\nAs of December 31, 2009 there are $11 million and $2 million of loan-specific reserves related to these loans in the Financial Services Businesses and Closed Block Business, respectively.\nIn addition, these unstabilized loans are included in the calculation of our portfolio reserve as discussed below, For information regarding similar loans we hold as part of our commercial mortgage operations, see “—Invested Asset of Other Entities and Operations."}
{"_id": "d867e1334", "title": "", "text": "AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS As of December 31, 2010, total unrecognized compensation expense related to unvested restricted stock units granted under the 2007 Plan was $57.5 million and is expected to be recognized over a weighted average period of approximately two years.\nEmployee Stock Purchase Plan —The Company maintains an employee stock purchase plan (“ESPP”) for all eligible employees.\nUnder the ESPP, shares of the Company’s Common Stock may be purchased during bi-annual offering periods at 85% of the lower of the fair market value on the first or the last day of each offering period.\nEmployees may purchase shares having a value not exceeding 15% of their gross compensation during an offering period and may not purchase more than $25,000 worth of stock in a calendar year (based on market values at the beginning of each offering period).\nThe offering periods run from June 1 through November 30 and from December 1 through May 31 of each year.\nDuring the 2010, 2009 and 2008 offering periods employees purchased 75,354, 77,509 and 55,764 shares, respectively, at weighted average prices per share of $34.16, $23.91 and $30.08, respectively.\nThe fair value of the ESPP offerings is estimated on the offering period commencement date using a Black-Scholes pricing model with the expense recognized over the expected life, which is the six month offering period over which employees accumulate payroll deductions to purchase the Company’s Common Stock.\nThe weighted average fair value for the ESPP shares purchased during 2010, 2009 and 2008 was $9.43, $6.65 and $7.89, respectively.\nAt December 31, 2010, 8.7 million shares remain reserved for future issuance under the plan.\nKey assumptions used to apply this pricing model for the years ended December 31, are as follows:"}
{"_id": "d87f294e2", "title": "", "text": "Note 15.\nCommitments and Contingencies The Company’s acquisition of Impella provided that Abiomed was required to make contingent payments to Impella’s former shareholders as follows: ?\nupon FDA approval of the Impella 2.5 device, a payment of $5,583,333 ?\nupon FDA approval of the Impella 5.0 device, a payment of $5,583,333, and ?\nupon the sale of 1,000 units of Impella’s products worldwide, a payment of $5,583,334.\nThe two milestones related to sales and FDA approval of the Impella 2.5 device were achieved and paid prior to March 31, 2009.\nIn April 2009, the Company received FDA 510(k) clearance of its Impella 5.0 product, triggering an obligation to pay the milestone related to the Impella 5.0 device.\nIn May 2009, the Company paid $1.8 million of this final milestone in cash and elected to pay the remaining amount through the issuance of approximately 664,612 shares of common stock."}
{"_id": "d8b42c23e", "title": "", "text": "| 2013 2012 2011 | (In millions) | Future revenues | Less: | Future production costs | Future development costs | Future income tax expenses | 25,425 | Future net cash flows | Less: Discount at 10% annual rate | Standardized measure of discounted future net cash flows |"}
{"_id": "d89ca8734", "title": "", "text": "General and Administrative Expense General and administrative expense includes compensation, share-based awards and other benefits for employees (other than employees directly related to distribution, including financial advisors), integration costs, professional and consultant fees, information technology, facilities and equipment, advertising and promotion, legal and regulatory and corporate related expenses.\nOwned, Managed and Administered Assets Owned assets include certain assets on our Consolidated Balance Sheets for which we do not provide investment management services and do not recognize management fees, such as investments in non-affiliated funds held in the separate accounts of our life insurance subsidiaries, as well as restricted and segregated cash and receivables.\nManaged assets include managed external client assets and managed owned assets.\nAt January 1, 2010, we consolidated approximately $5.5 billion of client assets in VIEs onto our Consolidated Balance Sheets that were not previously consolidated.\nPrior to January 1, 2010, these assets were included in managed external client assets and were subsequently included in managed owned assets.\nManaged external client assets include client assets for which we provide investment management services, such as the assets of the Columbia funds and Threadneedle funds, assets of institutional clients and client assets held in wrap accounts.\nManaged external client assets also include assets managed by sub-advisors selected by us.\nManaged external client assets are not reported on our Consolidated Balance Sheets.\nManaged owned assets include certain assets on our Consolidated Balance Sheets for which we provide investment management services and recognize management fees in our Asset Management segment, such as the assets of the general account, RiverSource Variable Product funds held in the separate accounts of our life insurance subsidiaries and client assets of CIEs.\nInvestors in the mutual funds and face amount certificates we advise may redeem shares on each business day, provided that redemption orders are submitted in a timely fashion.\nFor our institutional clients, advisory contracts may generally be terminated (and managed assets redeemed) upon 30 days’ written notice.\nHowever, we may in limited circumstances negotiate customized termination provisions with certain clients during the contracting process, or we may waive negotiated notice periods at our discretion.\nInvestors in the private investment funds we sponsor can generally redeem shares as of each month end upon 30-days advance written notice, with limited exceptions.\nIn addition, the notice requirements for our private investment funds may be waived or reduced at the discretion of the applicable fund.\nAdministered assets include assets for which we provide administrative services such as client assets invested in other companies’ products that we offer outside of our wrap accounts.\nThese assets include those held in clients’ brokerage accounts.\nWe generally record fees received from administered assets as distribution fees.\nWe do not exercise management discretion over these assets and do not earn a management fee.\nThese assets are not reported on our Consolidated Balance Sheets.\nWe earn management fees on our owned separate account assets based on the market value of assets held in the separate accounts.\nWe record the income associated with our owned investments, including net realized gains and losses associated with these investments and other-than-temporary impairments related to credit losses on these investments, as net investment income.\nFor managed assets, we receive management fees based on the value of these assets.\nWe generally report these fees as management and financial advice fees.\nWe may also receive distribution fees based on the value of these assets.\nOur owned, managed and administered assets are impacted by net flows of client assets, market movements and foreign exchange rates.\nOwned assets are also affected by changes in our capital structure."}
{"_id": "d87cdcd38", "title": "", "text": "| As of December 31, 2009 | Notional | (in millions) | Financial assets with interest rate risk: | Fixed maturities -1 | Commercial mortgage and other loans | Policy loans | Derivatives: | Swaps | Futures | Options | Forwards | Variable annuity and other living benefit feature embedded derivatives-2 | Financial liabilities with interest rate risk: | Short-term and long-term debt | Debt of consolidated variable interest entities-3 | Investment contracts | Bank customer liabilities | Net estimated potential loss |"}
{"_id": "d8614a6ba", "title": "", "text": "| December 31, | Weighted Average   Actual Allocation | 2007 | Asset Category | Equity securities | Fixed maturities | Other (Real Estate and Alternative investments) | Total |"}
{"_id": "d86fac618", "title": "", "text": "| Year Ended December 31, | Assumptions | Risk-free interest rate | Expected life in years | Expected volatility | Expected dividend yield | Estimated weighted-average fair value of options granted per share |"}
{"_id": "d87508bfc", "title": "", "text": "Stock-Based Compensation We issue stock-based incentive awards to our eligible employees and Directors under the 2002 Employee Stock Incentive Plan and a Director Deferred Stock Ownership Plan.  ?2002 Employee Stock Incentive Plan (the 2002 Plan)  The 2002 Plan permits the granting of nonqualified stock options, stock appreciation rights, performance stock, restricted stock and other stock-based awards.\nIn 2018, we made a one-time issuance of incentive stock options under the 2002 Plan to replace Kensho employees stock options that were assumed in connection with our acquisition of Kensho in April of 2018.  ?\nDirector Deferred Stock Ownership Plan  Under this plan, common stock reserved may be credited to deferred stock accounts for eligible Directors.\nIn general, the plan requires that 50% of eligible Directors annual compensation plus dividend equivalents be credited to deferred stock accounts.\nEach Director may also elect to defer all or a portion of the remaining compensation and have an equivalent number of shares credited to the deferred stock account.\nRecipients under this plan are not required to provide consideration to us other than rendering service.\nShares will be delivered as of the date a recipient ceases to be a member of the Board of Directors or within five years thereafter, if so elected.\nThe plan will remain in effect until terminated by the Board of Directors or until no shares of stock remain available under the plan."}
{"_id": "d8c6d6af6", "title": "", "text": "| Year Ended December 31 2008 2007 Variance | Revenues | Operating earnings | Operating margin | Gulfstream aircraft deliveries (in units): | Green | Completion |"}
{"_id": "d874d7764", "title": "", "text": "| 2017 2016 | Proved properties | Unproved properties | Total | Accumulated depreciation, depletion and amortization | Net capitalized costs | 2017 | Interest, Net of Capitalized Interest | Income Taxes, Net of Refunds Received |"}
{"_id": "d8e11c19a", "title": "", "text": "The commercial paper of the Companies is rated P-2, A-2 and F2, respectively, by Moodys, S&P and Fitch.\nCon Edisons long-term credit rating is Baa1, BBB+ and BBB+, respectively, by Moodys, S&P and Fitch.\nThe unsecured debt of CECONY is rated A3, A- and A-, respectively, by Moodys, S&P and Fitch.\nThe unsecured debt of O&R is rated Baa1, A- and A-, respectively, by Moodys, S&P and Fitch.\nSecurities ratings assigned by rating organizations are expressions of opinion and are not recommendations to buy, sell or hold securities.\nA securities rating is subject to revision or withdrawal at any time by the assigning rating organization.\nEach rating should be evaluated independently of any other rating.\nCECONY has $636 million of tax-exempt debt for which the interest rates are to be determined pursuant to periodic auctions.\nOf this amount, $391 million is insured by Ambac Assurance Corporation and $245 million is insured by Syncora Guarantee Inc.  (formerly XL Capital Assurance Inc. ).\nCredit rating agencies have downgraded the ratings of these insurers from AAA to lower levels.\nSubsequently, there have not been sufficient bids to determine the interest rates pursuant to auctions, and interest rates have been determined by reference to a variable rate index.\nThe weighted average annual interest"}
{"_id": "d89b8a1ea", "title": "", "text": "Amounts presented are for electricity supplied by utility and merchant generation operations.\nOperating Results  2002 Dominion Energy contributed $2.72 per diluted share on net income of $770 million for 2002, a net income increase of $47 million and an earnings per share decrease of $0.14 over 2001.\nNet income for 2002 reflected lower operating revenue ($204 million), operating expenses ($229 million) and other income ($27 million).\nInterest expense and income taxes, which are discussed on a consolidated basis, decreased $50 million over 2001.\nThe earnings per share decrease reflected share dilution.\nRegulated electric sales revenue increased $179 million.\nFavorable weather conditions, reflecting increased cooling and heating degree-days, as well as customer growth, are estimated to have contributed $133 million and $41 million, respectively.\nFuel rate recoveries increased approximately $65 million for 2002.\nThese recoveries are generally offset by increases in electric fuel expense and do not materially affect income.\nPartially offsetting these increases was a net decrease of $60 million due to other factors not separately measurable, such as the impact of economic conditions on customer usage, as well as variations in seasonal rate premiums and discounts.\nNonregulated electric sales revenue increased $9 million.\nSales revenue from Dominions merchant generation fleet decreased $21 million, reflecting a $201 million decline due to lower prices partially offset by sales from assets acquired and constructed in 2002 and the inclusion of Millstone operations for all of 2002.\nRevenue from the wholesale marketing of utility generation decreased $74 million.\nDue to the higher demand of utility service territory customers during 2002, less production from utility plant generation was available for profitable sale in the wholesale market.\nRevenue from retail energy sales increased $71 million, reflecting primarily customer growth over the prior year.\nNet revenue from Dominions electric trading activities increased $33 million, reflecting the effect of favorable price changes on unsettled contracts and higher trading margins.\nNonregulated gas sales revenue decreased $351 million.\nThe decrease included a $239 million decrease in sales by Dominions field services and retail energy marketing operations, reflecting to a large extent declining prices.\nRevenue associated with gas trading operations, net of related cost of sales, decreased $112 million.\nThe decrease included $70 million of realized and unrealized losses on the economic hedges of natural gas production by the Dominion Exploration & Production segment.\nAs described below under Selected Information Energy Trading Activities, sales of natural gas by the Dominion Exploration & Production segment at market prices offset these financial losses, resulting in a range of prices contemplated by Dominions overall risk management strategy.\nThe remaining $42 million decrease was due to unfavorable price changes on unsettled contracts and lower overall trading margins.\nThose losses were partially offset by contributions from higher trading volumes in gas and oil markets.\nGas transportation and storage revenue decreased $44 million, primarily reflecting lower rates.\nElectric fuel and energy purchases expense increased $94 million which included an increase of $66 million associated with Dominions energy marketing operations that are not subject to cost-based rate regulation and an increase of $28 million associated with utility operations.\nSubstantially all of the increase associated with non-regulated energy marketing operations related to higher volumes purchased during the year.\nFor utility operations, energy costs increased $66 million for purchases subject to rate recovery, partially offset by a $38 million decrease in fuel expenses associated with lower wholesale marketing of utility plant generation.\nPurchased gas expense decreased $245 million associated with Dominions field services and retail energy marketing operations.\nThis decrease reflected approximately $162 million associated with declining prices and $83 million associated with lower purchased volumes.\nLiquids, pipeline capacity and other purchases decreased $64 million, primarily reflecting comparably lower levels of rate recoveries of certain costs of transmission operations in the current year period.\nThe difference between actual expenses and amounts recovered in the period are deferred pending future rate adjustments.\nOther operations and maintenance expense decreased $14 million, primarily reflecting an $18 million decrease in outage costs due to fewer generation unit outages in the current year.\nDepreciation expense decreased $11 million, reflecting decreases in depreciation associated with changes in the estimated useful lives of certain electric generation property, partially offset by increased depreciation associated with State Line and Millstone operations.\nOther income decreased $27 million, including a $14 million decrease in net realized investment gains in the Millstone"}
{"_id": "d8b4b954e", "title": "", "text": "| Price Range | High | 2011 | Quarter ended March 31, 2011 | Quarter ended June 30, 2011 | Quarter ended September 30, 2011 | Quarter ended December 31, 2011 | 2010 | Quarter ended March 31, 2010 | Quarter ended June 30, 2010 | Quarter ended September 30, 2010 | Quarter ended December 31, 2010 |"}
{"_id": "d8292c4f4", "title": "", "text": "| At December 31, 2014 Group Retirement Products (a) 2013 Group Retirement Products (a) | (in millions) | No surrender charge(b) | 0% - 2% | Greater than 2% - 4% | Greater than 4% | Non-surrenderable | Total reserves |"}
{"_id": "d81ad282c", "title": "", "text": "| 2007 2006 2005 | Dividend Yield | Expected Volatility | Risk-free Interest Rate | Expected Lives | Options For Shares | Outstanding at | October 1, 2006 | Granted | Exercised | Canceled | Expired | Outstanding at | September 30, 2007 | Exercisable at | September 30, 2007 |"}
{"_id": "d896fc722", "title": "", "text": "| Sales Order Cancellations   Fiscal Year Ended September 30, | Cancelled Sales Orders | 2009 | East | Midwest | Southeast | South Central | Southwest | West | 7,188 |"}
{"_id": "d8e3440ee", "title": "", "text": "| 10/31/2010 10/30/2011 10/28/2012 10/27/2013 10/26/2014 10/25/2015 | Applied Materials | S&P 500 Index | RDG Semiconductor Composite Index |"}
{"_id": "d827ba4e0", "title": "", "text": "Under the ESPP, eligible employees may acquire shares of Class A common stock using after-tax payroll deductions made during consecutive offering periods of approximately six months in duration.\nShares are purchased at the end of each offering period at a price of 90% of the closing price of the Class A common stock as reported on the NASDAQ Global Select Market.\nCompensation expense is recognized on the dates of purchase for the discount from the closing price.\nIn 2017, 2016 and 2015, a total of 19,936, 19,858 and 19,756 shares, respectively, of Class A common stock were issued to participating employees.\nThese shares are subject to a six-month holding period.\nAnnual expense of $0.3 million for the purchase discount was recognized in 2017, and $0.2 million was recognized in both 2016 and 2015.\nNon-executive directors receive an annual award of Class A common stock with a value equal to $100,000.\nNon-executive directors may also elect to receive some or all of the cash portion of their annual stipend, up to $60,000, in shares of stock based on the closing price at the date of distribution.\nAs a result, 19,736 shares, 26,439 shares and 25,853 shares of Class A common stock were issued to non-executive directors during 2017, 2016 and 2015, respectively.\nThese shares are not subject to any vesting restrictions.\nExpense of $2.5 million, $2.4 million and $2.5 million related to these stock-based payments was recognized for the years ended December 31, 2017, 2016 and 2015, respectively."}
{"_id": "d8eabdf1e", "title": "", "text": "TOTAL REVENUES NET OF INTEREST EXPENSE Discount revenue decreased $617 million or 3 percent in 2016 compared to 2015, and remained relatively flat in 2015 compared to 2014.\nThe decrease in 2016 was primarily driven by lower Costco-related revenue.\nBoth periods of comparison reflected increases in contra-discount revenues, including cash rebate rewards, which in 2015 as compared to 2014 was offset by growth in billed business.\nOverall, billed business was flat in 2016 compared to 2015.\nU. S.  billed business decreased 3 percent, primarily driven by lower Costco-related volumes and non-U.\nS.  billed business increased 6 percent (10 percent on an FX-adjusted basis).1 The average discount rate was 2.45 percent, 2.46 percent and 2.48 percent for 2016, 2015 and 2014, respectively.\nThe decrease in the average discount rate in 2016 compared to 2015 was driven primarily by growth of the OptBlue program, merchant negotiations, including those resulting from the recent regulatory changes affecting competitor pricing in the European Union and a prior-year benefit related to certain merchant rebate accruals, partially offset by the benefit to the discount rate from the decline in Costco merchant volumes in the current year.\nWe expect the average discount rate will likely continue to decline over time due to further expansion of OptBlue, merchant negotiations and competition, volume related pricing discounts and certain pricing initiatives mainly driven by pricing regulation (including regulation of competitors interchange rates).\nSee Tables 5 and 6 for more details on billed business performance and the average discount rate.\nNet card fees increased $186 million or 7 percent in 2016 compared to 2015 and remained relatively flat in 2015 compared to 2014 (increasing 5 percent on an FX-adjusted basis).1 The increase in 2016 was driven primarily by growth in the Platinum, Gold and Delta portfolios.\nOther fees and commissions decreased $113 million or 4 percent in 2016 compared to 2015, and $760 million or 21 percent in 2015 compared to 2014.\nThe decrease in 2016 was primarily driven by lower Costco-related fees, partially offset by an increase in delinquency and loyalty coalition-related fees.\nThe decrease in 2015 was primarily due to the GBT JV transaction, resulting in a lack of comparability between periods.\nOther revenues were relatively flat in 2016 compared to 2015, and decreased $956 million or 32 percent in 2015 compared to 2014.\nThe current year included a contractual payment from a GNS partner and higher revenues from our Prepaid Services business, offset by lower revenues related to Costco, Loyalty Edge (which was sold in the fourth quarter of 2016), and the GBT JV transition services agreement.\nThe decrease in 2015 was primarily driven by gains related to the sales of investment securities in Concur and Industrial and Commercial Bank of China in 2014.\nInterest income decreased $70 million or 1 percent in 2016 compared to 2015, and increased $366 million or 5 percent in 2015 compared to 2014.\nThe decrease in 2016 was primarily driven by lower Costco cobrand loans and the associated interest income, partially offset by modestly higher yields and an increase in average Card Member loans across other lending products.\nThe increase in 2015 primarily reflects higher average Card Member loans, partially offset by decreases in interest and dividends on investment securities driven by lower average investment securities.\nInterest expense increased $81 million or 5 percent in 2016 compared to 2015, and decreased $84 million or 5 percent in 2015 compared to 2014.\nThe increase in 2016 was primarily driven by higher average customer deposit balances, partially offset by lower average long-term debt.\nThe decrease in 2015 was primarily driven by a lower cost of funds on debt and customer deposits, partially offset by an increase in average customer deposit balances."}
{"_id": "d81a04fe4", "title": "", "text": "| Fourth Quarter | (Amounts in millions) | External net sales | Intersegment net sales | Segment net sales | Cost of goods sold | Gross profit | Operating expenses | Segment operating earnings |"}
{"_id": "d876def6c", "title": "", "text": "| In millions of dollars 2009 2010 2011 2012 2013 Thereafter | Citigroup parent company | Other Citigroup subsidiaries | Citigroup Global Markets Holdings Inc. | Citigroup Funding Inc. | Total |"}
{"_id": "d855e7660", "title": "", "text": "| SAME STORE FACILITIES Year Ended December 31, Year Ended December 31, | 2009 | Revenues: | Rental income | Late charges and admin fees collected | Total revenues (a) | Cost of operations: | Property taxes | Direct property payroll | Media advertising | Other advertising and promotion | Utilities | Repairs and maintenance | Telephone reservation center | Property insurance | Other cost of management | Total cost of operations (a) | Net operating income (b) | Depreciation and amortization expense (c) | Net income | Gross margin (before depreciation and amortization expense) | Weighted average for the period: | Square foot occupancy (d) | Realized annual rent per occupied square foot (e)(f) | REVPAF (f)(g) | Weighted average at December 31: | Square foot occupancy | In place annual rent per occupied square foot (h) | Total net rentable square feet (in thousands) | Number of facilities |"}
{"_id": "d86b8b296", "title": "", "text": "| Quarter Ended Operating Revenues Operating Income (Loss) Net Income (Loss) Net Income (Loss) Available to Common Stockholder | CILCO | March 31, 2008 | March 31, 2007 | June 30, 2008 | June 30, 2007 | September 30, 2008 | September 30, 2007 | December 31, 2008 | December 31, 2007 | IP | March 31, 2008 | March 31, 2007 | June 30, 2008 | June 30, 2007 | September 30, 2008 | September 30, 2007 | December 31, 2008 | December 31, 2007 |"}
{"_id": "d8cbf245e", "title": "", "text": "| December 31, 2013 | (Dollars in millions) | Securities borrowed or purchased under agreements to resell | Securities loaned or sold under agreements to repurchase | Other | Total | December 31, 2012 | Securities borrowed or purchased under agreements to resell | Securities loaned or sold under agreements to repurchase | Other | Total |"}
{"_id": "d89e8cfd2", "title": "", "text": "Competition.\nThe worldwide reinsurance and insurance businesses are highly competitive, as well as cyclical by product and market.\nAs such, financial results tend to fluctuate with periods of constrained availability, high rates and strong profits followed by periods of abundant capacity, low rates and constrained profitability.\nCompetition in the types of reinsurance and insurance business that the Company underwrites is based on many factors, including the perceived overall financial strength of the reinsurer or insurer, ratings of the reinsurer or insurer by A. M.  Best and/or Standard & Poor’s, underwriting expertise, the jurisdictions where the reinsurer or insurer is licensed or otherwise authorized, capacity and coverages offered, premiums charged, other terms and conditions of the reinsurance and insurance business offered, services offered, speed of claims payment and reputation and experience in lines written.\nFurthermore, the market impact from these competitive factors related to reinsurance and insurance is generally not consistent across lines of business, domestic and international geographical areas and distribution channels.\nThe Company competes in the U. S. , Bermuda and international reinsurance and insurance markets with numerous global competitors.\nThe Company’s competitors include independent reinsurance and insurance companies, subsidiaries or affiliates of established worldwide insurance companies, reinsurance departments of certain insurance companies and domestic and international underwriting operations, including underwriting syndicates at Lloyd’s.\nSome of these competitors have greater financial resources than the Company and have established long term and continuing business relationships, which can be a significant competitive advantage.\nIn addition, the lack of strong barriers to entry into the reinsurance business and the potential for securitization of reinsurance and insurance risks through capital markets provide additional sources of potential reinsurance and insurance capacity and competition.\nWorldwide insurance and reinsurance market conditions continued to be very competitive, particularly in the casualty lines of business.\nGenerally, there was ample insurance and reinsurance capacity relative to demand.\nCompetition and its effect on rates, terms and conditions vary widely by market and coverage yet continued to be most prevalent in the U. S.  casualty insurance and reinsurance markets."}
{"_id": "d838f2014", "title": "", "text": "| December 31, | 2012 | Balance at beginning of period | Increases as a result of tax positions taken during a prior year | Decreases as a result of tax positions taken during a prior year | Settlements with taxing authorities | Lapse of statutes of limitation | Increases as a result of tax positions taken during the current year | Balance at end of period |"}
{"_id": "d8aa1de78", "title": "", "text": "| 2012 2011 | Notes with rates from 2.13% to 6.15%, due 2016 to 2042 | Notes with rates from 7.00% to 7.75%, due 2013 to 2036 | Other debt | Total long-term debt | Less: unamortized discounts | Total long-term debt, net of unamortized discounts | Less: current maturities of long-term debt | Total long-term debt, net |"}
{"_id": "d8d78367e", "title": "", "text": "| Investment Objective Value in Billions Percentage of Total AUM | Equity | Growth potential, income potential, value or various combinations thereof | Multi-Asset/Balanced | Asset allocation, balanced, flexible, alternative and income-mixed funds | Fixed Income | Global/international, U.S. tax-free and U.S. taxable | Cash Management | Short-term liquid assets | Total | As of and for the Year Ended December 31, 2013 | (in millions) | Net interest income (expense) | Noninterest income | Total revenue | Noninterest expense | Profit (loss) before provision for credit losses | Provision for credit losses | Income (loss) before income tax expense (benefit) | Income tax expense (benefit) | Net income (loss) | Total Average Assets |"}
{"_id": "d8201ba86", "title": "", "text": "The provision for losses on receivables included within operating expenses decreased by $39.7 million in fiscal 2010 over fiscal 2009.\nThe decrease in our provision for losses on receivables in fiscal 2010 reflects fewer customer accounts exceeding our threshold for write-off in fiscal 2010 as compared to fiscal 2009.\nCustomer accounts written off, net of recoveries, were $37.8 million, or 0.10% of sales, $34.3 million, or 0.10% of sales, and $71.9 million, or 0.20% of sales, for fiscal 2011, 2010 and 2009, respectively.\nOur provision for losses on receivables will fluctuate with general market conditions, as well as the circumstances of our customers."}
{"_id": "d86efa9c2", "title": "", "text": "| In millions 2013 2012 2011 | Sales | Operating Profit |"}
{"_id": "d8abbd9ea", "title": "", "text": "| December 31, 2013 December 31, 2012 | Dollars in millions | Home equity | Temporary Modifications | Permanent Modifications | Total home equity | Residential Mortgages | Permanent Modifications (a) | Non-Prime Mortgages | Permanent Modifications | Residential Construction | Permanent Modifications (a) | Total Consumer Real Estate Related Loan Modifications |"}
{"_id": "d8d3031ee", "title": "", "text": "Commodity Transactions  Con Edison guarantees payments on behalf of its competitive energy businesses in order to facilitate physical and financial transactions in gas, pipeline capacity, transportation, oil, electricity and related commodity services.\nIn addition, a Con Edison Development subsidiary has guaranteed payment for fuel oil purchases by a 42 MW foreign generating project in which it has an equity interest.\nTo the extent that liabilities exist under the contracts subject to these guarantees, such liabilities are included in Con Edisons consolidated balance sheet.\nAffordable Housing Program  Con Edison Development guarantees the repurchase and remarketing obligations of one of its subsidiaries for debt relating to moderate-income rental apartment properties eligible for tax credits under Section 42 of the Internal Revenue Code.\nIn accordance with Emerging Issues Task Force (EITF) No.94-01, Accounting for Tax Benefits Resulting from Investments in Affordable Housing Projects, neither the rental apartment properties nor the related indebtedness is included on Con Edisons consolidated balance sheet.\nIntra-company Guarantees  Con Edison guarantees electricity sales made by Con Edison Energy and Con Edison Solutions to O&R and Con Edison of New York.\nOther Guarantees  Con Edison, Con Edison Development and its subsidiaries also guarantee the following:  $47 million relates to a guarantee issued by Con Edison covering RCN Corporations lease payment to use Con Edison of New Yorks conduit system in accordance with a tariff approved by the PSC and rent payment obligations under various lease agreements for office buildings (see Note T);  $25 million for a parental guarantee provided by Con Edison on Con Edison Solutions indemnity agreement for surety bonds; and  $14 million for guarantees and standby financial letters of credit in connection with investments in energy infrastructure, power and cogeneration projects."}
{"_id": "d8d3a9cf6", "title": "", "text": "MetLife, Inc.  Notes to the Consolidated Financial Statements  (Continued) Credit Risk on Freestanding Derivatives The Company may be exposed to credit-related losses in the event of nonperformance by counterparties to derivative financial instruments.\nGenerally, the current credit exposure of the Companys derivative contracts is limited to the net positive estimated fair value of derivative contracts at the reporting date after taking into consideration the existence of netting agreements and any collateral received pursuant to credit support annexes.\nThe Company manages its credit risk related to OTC derivatives by entering into transactions with creditworthy counterparties, maintaining collateral arrangements and through the use of master agreements that provide for a single net payment to be made by one counterparty to another at each due date and upon termination.\nBecause exchange-traded futures and options are effected through regulated exchanges, and positions are marked to market on a daily basis, the Company has minimal exposure to credit-related losses in the event of nonperformance by counterparties to such derivative instruments.\nSee Note 5 for a description of the impact of credit risk on the valuation of derivative instruments.\nThe Company enters into various collateral arrangements which require both the pledging and accepting of collateral in connection with its OTC derivative instruments.\nAt December 31, 2011 and 2010, the Company was obligated to return cash collateral under its control of $9.5 billion and $2.6 billion, respectively.\nThis cash collateral is included in cash and cash equivalents or in short-term investments and the obligation to return it is included in payables for collateral under securities loaned and other transactions in the consolidated balance sheets.\nAt December 31, 2011 and 2010, the Company had received collateral consisting of various securities with a fair market value of $2.5 billion and $984 million, respectively, which were held in separate custodial accounts.\nSubject to certain constraints, the Company is permitted by contract to sell or repledge this collateral, but at December 31, 2011, none of the collateral had been sold or repledged.\nThe Companys collateral arrangements for its OTC derivatives generally require the counterparty in a net liability position, after considering the effect of netting agreements, to pledge collateral when the fair value of that counterpartys derivatives reaches a pre-determined threshold.\nCertain of these arrangements also include credit-contingent provisions that provide for a reduction of these thresholds (on a sliding scale that converges toward zero) in the event of downgrades in the credit ratings of the Company and/or the counterparty.\nIn addition, certain of the Companys netting agreements for derivative instruments contain provisions that require the Company to maintain a specific investment grade credit rating from at least one of the major credit rating agencies.\nIf the Companys credit ratings were to fall below that specific investment grade credit rating, it would be in violation of these provisions, and the counterparties to the derivative instruments could request immediate payment or demand immediate and ongoing full overnight collateralization on derivative instruments that are in a net liability position after considering the effect of netting agreements.\nThe following table presents the estimated fair value of the Companys OTC derivatives that are in a net liability position after considering the effect of netting agreements, together with the estimated fair value and balance sheet location of the collateral pledged.\nThe table also presents the incremental collateral that the Company would be required to provide if there was a one notch downgrade in the Companys credit rating at the reporting date or if the Companys credit rating sustained a downgrade to a level that triggered full overnight collateralization or termination of the derivative position at the reporting date."}
{"_id": "d8733fe06", "title": "", "text": "| Fourth Quarter 2007 Third Quarter 2007 | (Dollars in millions) | Earning assets | Time deposits placed and other short-term investments | Federal funds sold and securities purchased under agreements to resell | Trading account assets | Debt securities-1 | Loans and leases-2: | Residential mortgage | Credit card – domestic | Credit card – foreign | Home equity-3 | Direct/Indirect consumer-4 | Other consumer-5 | Total consumer | Commercial – domestic | Commercial real estate-6 | Commercial lease financing | Commercial – foreign | Total commercial | Total loans and leases | Other earning assets | Total earning assets-7 | Cash and cash equivalents | Other assets, less allowance for loan and lease losses | Total assets | Interest-bearing liabilities | Domestic interest-bearing deposits: | Savings | NOW and money market deposit accounts | Consumer CDs and IRAs | Negotiable CDs, public funds and other time deposits | Total domestic interest-bearing deposits | Foreign interest-bearing deposits: | Banks located in foreign countries | Governments and official institutions | Time, savings and other | Total foreign interest-bearing deposits | Total interest-bearing deposits | Federal funds purchased, securities sold under agreements to repurchase and other short-term borrowings | Trading account liabilities | Long-term debt | Total interest-bearing liabilities-7 | Noninterest-bearing sources: | Noninterest-bearing deposits | Other liabilities | Shareholders’ equity | Total liabilities and shareholders’ equity | Net interest spread | Impact of noninterest-bearing sources | Net interest income/yield on earning assets |"}
{"_id": "d8130c8b8", "title": "", "text": "maintenance and contract expenses incurred by our subsidiaries for external transportation services); materials used to maintain the Railroads lines, structures, and equipment; costs of operating facilities jointly used by UPRR and other railroads; transportation and lodging for train crew employees; trucking and contracting costs for intermodal containers; leased automobile maintenance expenses; and tools and supplies.\nExpenses for contract services increased $103 million in 2012 versus 2011, primarily due to increased demand for transportation services purchased by our logistics subsidiaries for their customers and additional costs for repair and maintenance of locomotives and freight cars.\nExpenses for contract services increased $106 million in 2011 versus 2010, driven by volume-related external transportation services incurred by our subsidiaries, and various other types of contractual services, including flood-related repairs, mitigation and improvements.\nVolume-related crew transportation and lodging costs, as well as expenses associated with jointly owned operating facilities, also increased costs compared to 2010.\nIn addition, an increase in locomotive maintenance materials used to prepare a portion of our locomotive fleet for return to active service due to increased volume and additional capacity for weather related issues and warranty expirations increased expenses in 2011.\nDepreciation  The majority of depreciation relates to road property, including rail, ties, ballast, and other track material.\nA higher depreciable asset base, reflecting ongoing capital spending, increased depreciation expense in 2012 compared to 2011.\nA higher depreciable asset base, reflecting ongoing capital spending, increased depreciation expense in 2011 compared to 2010.\nHigher depreciation rates for rail and other track material also contributed to the increase.\nThe higher rates, which became effective January 1, 2011, resulted primarily from increased track usage (based on higher gross ton-miles in 2010).\nEquipment and Other Rents  Equipment and other rents expense primarily includes rental expense that the Railroad pays for freight cars owned by other railroads or private companies; freight car, intermodal, and locomotive leases; and office and other rent expenses.\nIncreased automotive and intermodal shipments, partially offset by improved car-cycle times, drove an increase in our short-term freight car rental expense in 2012.\nConversely, lower locomotive lease expense partially offset the higher freight car rental expense.\nCosts increased in 2011 versus 2010 as higher short-term freight car rental expense and container lease expense offset lower freight car and locomotive lease expense.\nOther  Other expenses include personal injury, freight and property damage, destruction of equipment, insurance, environmental, bad debt, state and local taxes, utilities, telephone and cellular, employee travel, computer software, and other general expenses.\nOther costs in 2012 were slightly higher than 2011 primarily due to higher property taxes.\nDespite continual improvement in our safety experience and lower estimated annual costs, personal injury expense increased in 2012 compared to 2011, as the liability reduction resulting from historical claim experience was less than the reduction in 2011.\nHigher property taxes, casualty costs associated with destroyed equipment, damaged freight and property and environmental costs increased other costs in 2011 compared to 2010.\nA one-time payment of $45 million in the first quarter of 2010 related to a transaction with CSXI and continued improvement in our safety performance and lower estimated liability for personal injury, which reduced our personal injury expense year-over-year, partially offset increases in other costs."}
{"_id": "d87c7cba4", "title": "", "text": "| 2017 - Current maturities $416 | 2018 | 2019 | 2020 | 2021 | Thereafter |"}
{"_id": "d8200a704", "title": "", "text": "Supplemental Pro-forma Information The following unaudited pro forma information presents the consolidated results of operations of the Company, R2 and Suros as if the acquisitions had occurred at the beginning of each of fiscal 2006 and 2005,\nGAIN INCOME AND LOANS SOLD\n(1) Beginning in fiscal 2008, the effects of changes in valuation assumptions or funding costs related to loans originated and sold during previous quarters of the same fiscal year are presented in gain on sales of loans originated and sold.\nPreviously, these adjustments were reported in other losses or gains.\nThese adjustments totaled $(35.9) million in fiscal 2008.\nAs a result, the sum of amounts previously reported for interim quarters will not equal the total reported for fiscal 2008.\nThe impact of similar adjustments for prior fiscal years was not material.\nThe gain on sales of loans originated and sold includes both the gain income recorded at the time of securitization and the effect of any subsequent changes in valuation assumptions or funding costs that are incurred in the same fiscal year that the loans were originated.\nOther losses or gains include the effects of changes in valuation assumptions or funding costs related to loans originated and sold during previous fiscal years.\nIn addition, other losses or gains could include the effects of new public securitizations, changes in the valuation of retained subordinated bonds and the resale of receivables in existing public securitizations, as applicable.\nIn the 2008-1 public securitization, we held $44.7 million of subordinated bonds, because the economics of doing so were more favorable than selling them in the public market.\nOur public securitizations typically contain an option to repurchase the securitized receivables when the outstanding balance in the pool of auto loan receivables falls below 10% of the original pool balance.\nThis option was exercised two times in each of fiscal 2008, 2007 and 2006.\nIn each case, the remaining eligible receivables were subsequently resold into the warehouse facility.\nThese transactions did not have a material effect on CAF income in fiscal 2008, 2007 or 2006.\nFiscal 2008 Versus Fiscal 2007.\nCAF income declined 35% to $85.9 million in fiscal 2008, reflecting the disruption in the global credit markets and worsening economic conditions.\nThe gain on sales of loans originated and sold decreased 33% to $58.1 million in fiscal 2008.\nIn the second half of the fiscal year, credit spreads in the asset-backed securities market widened, resulting in a substantial increase in CAF’s funding costs.\nIn addition, we increased the discount rate assumption used to calculate our gain on sales of loans to 17% from 12%, and we increased our cumulative net loss assumptions on loans originated and sold during fiscal 2008 to a range of 2.7% to 3.0%, which was significantly higher than the cumulative net loss assumptions used on loans originated in fiscal 2007.\nAs a result, the gain percentage declined to 2.4% in fiscal 2008 compared with 3.9% in fiscal 2007.\nWe recognized other losses of $9.6 million, or $0.03 per share, in fiscal 2008, which included the effects of the increase in the discount rate and cumulative net loss assumptions on loans originated and sold in previous years.\nOther losses also included a $2.7 million reduction in the carrying value of the retained subordinated bonds.\nIn fiscal 2007, we recognized other gains of $13.0 million, or $0.04 per share, which included the effects of reducing cumulative net loss assumptions on loans originated and sold in previous years.\nThe increases in other CAF income and other direct CAF expenses in fiscal 2008 were proportionate to the growth in managed receivables during the year.\nFiscal 2007 Versus Fiscal 2006.\nCAF income rose 27% to $132.6 million in fiscal 2007.\nCAF income benefited from the growth in retail vehicle unit sales, increases in the gain percentage, average amount financed and total managed receivables.\nThe gain percentage increased to 3.9% in fiscal 2007 from 3.5% in fiscal 2006, reflecting"}
{"_id": "d87a7e320", "title": "", "text": "The net unrealized amounts presented above excluded the remaining net unrealized losses related to reclassifications of securities available for sale to securities held to maturity.\nThese unrealized losses related to reclassifications totaled $303 million, or $189 million after-tax, and $523 million, or $317 million after-tax, as of December 31, 2011 and 2010, respectively, and were recorded in accumulated other comprehensive income, or OCI.\nRefer to note 12 to the consolidated financial statements included under Item 8.\nThe decline in these remaining after-tax unrealized losses related to reclassifications from December 31, 2010 to December 31, 2011 resulted primarily from amortization.\nWe conduct periodic reviews of individual securities to assess whether other-than-temporary impairment exists.\nTo the extent that other-than-temporary impairment is identified, the impairment is broken into a credit component and a non-credit component.\nThe credit component is recorded in our consolidated statement of income, and the non-credit component is recorded in OCI to the extent that we do not intend to sell the security.\nOur assessment of other-than-temporary impairment involves an evaluation, more fully described in note 3, of economic and security-specific factors.\nSuch factors are based on estimates, derived by management, which contemplate current market conditions and security-specific performance.\nTo the extent that market conditions are worse than managements expectations, other-than-temporary impairment could increase, in particular, the credit component that would be recorded in our consolidated statement of income.\nGiven the exposure of our investment securities portfolio, particularly mortgage- and asset-backed securities, to residential mortgage and other consumer credit risks, the performance of the U. S.  housing market is a significant driver of the portfolios credit performance.\nAs such, our assessment of other-than-temporary impairment relies to a significant extent on our estimates of trends in national housing prices.\nGenerally, indices that measure trends in national housing prices are published in arrears.\nAs of September 30, 2011, national housing prices, according to the Case-Shiller National Home Price Index, had declined by approximately 31.3% peak-to-current.\nOverall, managements expectation, for purposes of its evaluation of other-than-temporary impairment as of December 31, 2011, was that housing prices would decline by approximately 35% peak-to-trough.\nThe performance of certain mortgage products and vintages of securities continues to deteriorate.\nIn addition, management continues to believe that housing prices will decline further as indicated above.\nThe combination of these factors has led to an increase in managements overall loss expectations.\nOur investment portfolio continues to be sensitive to managements estimates of future cumulative losses.\nUltimately, other-thantemporary impairment is based on specific CUSIP-level detailed analysis of the unique characteristics of each security.\nIn addition, we perform sensitivity analysis across each significant product type within the non-agency U. S.  residential mortgage-backed portfolio.\nWe estimate, for example, that other-than-temporary impairment of the investment portfolio could increase by approximately $10 million to $50 million, if national housing prices were to decline by 37% to 39% peak-to-trough, compared to managements expectation of 35% described above.\nThis sensitivity estimate is based on a number of factors, including, but not limited to, the level of housing prices and the timing of defaults.\nTo the extent that such factors differ substantially from managements current expectations, resulting loss estimates may differ materially from those stated.\nExcluding the securities for which other-than-temporary impairment was recorded in 2011, management considers the aggregate decline in fair value of the remaining"}
{"_id": "d862a7d1e", "title": "", "text": "| In billions of dollars at year end 2008 2007 | Tier 1 Capital | Total Capital (Tier 1 and Tier 2) | Tier 1 Capital Ratio | Total Capital Ratio (Tier 1 and Tier 2) | Leverage Ratio(1) | Unvested stock awards | Unvested at January 1, 2008 | Awards | Cancellations | Deletions | Vestings-1 | Unvested at December 31, 2008 |"}
{"_id": "d8882d4d0", "title": "", "text": "| Assumptions Pension OPEB | Discount rate | Expected return on plan assets | Compensation increase | Health care cost trend rate: | Pre-65 current | Pre-65 level in 2028 |"}
{"_id": "d88d9aaf8", "title": "", "text": "| $ in millions 2009 2008 $ Change %Change | Investment management fees | Service and distribution fees | Performance fees | Other | Total operating revenues | Third-party distribution, service and advisory expenses | Proportional share of revenues, net of third-partydistribution expenses, from joint venture investments | Net revenues |"}
{"_id": "d8ba90ae4", "title": "", "text": "| Year ended April 30, 2014 2013 2012 | AverageBalance | Money market and savings | Interest-bearing checking accounts | IRAs | Certificates of deposit | 607,623 | Non-interest-bearing deposits | $970,429 |"}
{"_id": "d8b9e8010", "title": "", "text": "| Sales Order Cancellations Fiscal Year Ended September 30, | Cancelled Sales Orders | 2017 | East | Midwest | Southeast | South Central | Southwest | West | 13,050 |"}
{"_id": "d8c279846", "title": "", "text": "| Effect on U.S. Postretirement Health Care Benefits Plans | Increase in | Assumption | (millions) | Discount rate | Expected return on assets |"}
{"_id": "d8bd9730a", "title": "", "text": "(1) Previously reported volumes, which included only U. S.  trading, have been adjusted to reflect both U. S.  and Europe volumes traded.\nEntergy accounts for its 50% share in Entergy-Koch under the equity method of accounting.\nCertain terms of the partnership arrangement allocate income from various sources, and the taxes on that income, on a significantly disproportionate basis through 2003.\nLosses and distributions from operations are allocated to the partners equally.\nSubstantially all of Entergy-Koch's profits were allocated to Entergy in 2002.\nEffective January 1, 2004, a revaluation of Entergy-Koch's assets for legal capital account purposes will occur, and future profit allocations will change after the revaluation.\nThe profit allocations other than for weather trading and international trading are expected to become equal, unless special allocations are necessary to equalize the partners' legal capital accounts.\nProfit allocations for weather trading and international trading remain disproportionate to the ownership interests.\nEarnings allocated under the terms of the partnership agreement constitute equity, not subject to reallocation, for the partners.2001 Compared to 2000 The increase in earnings for Energy Commodity Services in 2001 was primarily due to:  the gain on the sale of the Saltend plant discussed below;  the favorable results from Entergy-Koch discussed below;  the $33.5 million ($23.5 million net of tax) cumulative effect of an accounting change marking to market the Damhead Creek gas contract;  liquidated damages of $13.9 million ($9.7 million net of tax) received in 2001 from the Damhead Creek construction contractor as compensation for lost operating margin from the plant due to construction\nPart I Item 1 Entergy Corporation, Domestic utility companies, and System Energy 146 Employment Litigation (Entergy Corporation, Entergy Arkansas, Entergy Gulf States, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and System Energy) Entergy Corporation and the domestic utility companies are defendants in numerous lawsuits that have been filed by former employees alleging that they were wrongfully terminated and/or discriminated against on the basis of age, race, sex, and/or other protected characteristics.\nEntergy Corporation and the domestic utility companies are vigorously defending these suits and deny any liability to the plaintiffs.\nHowever, no assurance can be given as to the outcome of these cases, and at this time management cannot estimate the total amount of damages sought.\nIncluded in the employment litigation are two cases filed in state court in Claiborne County, Mississippi in December 2002.\nThe two cases were filed by former employees of Entergy Operations who were based at Grand Gulf.\nEntergy Operations and Entergy employees are named as defendants.\nThe cases make employment-related claims, and seek in total $53 million in alleged actual damages and $168 million in punitive damages.\nEntergy subsequently removed both proceedings to the federal district in Jackson, Mississippi.\nEntergy cannot predict the ultimate outcome of this proceeding.\nResearch Spending Entergy is a member of the Electric Power Research Institute (EPRI).\nEPRI conducts a broad range of research in major technical fields related to the electric utility industry.\nEntergy participates in various EPRI projects based on Entergy's needs and available resources.\nThe domestic utility companies contributed $1.6 million in 2004, $1.5 million in 2003, and $2.1 million in 2002 to EPRI.\nThe Non-Utility Nuclear business contributed $3.2 million in 2004 and $3 million in both 2003 and 2002 to EPRI.\nEmployees Employees are an integral part of Entergy's commitment to serving its customers."}
{"_id": "d828efd06", "title": "", "text": "he fair value of a financial instrument to changes in interest rates.\nConvexity measures the rate of change of duration with respect to changes in interest rates.\nWe seek to manage our interest rate exposure by legal entity by matching the relative sensitivity of asset and liability values to interest rate changes, or controlling duration mismatch of assets and liabilities.\nWe have target duration mismatch constraints for each entity.\nIn certain markets, primarily outside the U. S. , capital market limitations that hinder our ability to closely approximate the duration of some of our liabilities are considered in setting the constraint limits.\nAs of December 31, 2007 and 2006, the difference between the pre-tax duration of assets and the target duration of liabilities in our duration managed portfolios was within our constraint limits.\nWe consider risk-based capital implications in our asset/liability management strategies.\nWe also perform portfolio stress testing as part of our U. S.  regulatory cash flow testing for major product lines that are subject to risk from changes in interest rates.\nIn this testing, we evaluate the impact of altering our interest-sensitive assumptions under various moderately adverse interest rate environments.\nThese interest-sensitive assumptions relate to the timing and amount of redemptions and prepayments of fixed-income securities and lapses and surrenders of insurance products and the potential impact of any guaranteed minimum interest rates.\nWe evaluate any shortfalls that this cash flow testing reveals to determine if we need to increase statutory reserves or adjust portfolio management strategies.\nMarket Risk Related to Interest Rates Our other than trading assets that subject us to interest rate risk include primarily fixed maturity securities, commercial loans and policy loans.\nIn the aggregate, the carrying value of these assets represented 76% of our consolidated assets, other than assets that we held in separate accounts, as of December 31, 2007 and 77% as of December 31, 2006.\nWith respect to other than trading liabilities, we are exposed to interest rate risk through policyholder account balances relating to interest-sensitive life insurance, annuity and other investment-type contracts, collectively referred to as investment contracts, and through outstanding short-term and long-term debt.\nWe assess interest rate sensitivity for other than trading financial assets, financial liabilities and derivatives using hypothetical test scenarios that assume either upward or downward 100 basis point parallel shifts in the yield curve from prevailing interest rates.\nThe following tables set forth the net estimated potential loss in fair value from a hypothetical 100 basis point upward shift as of December 31, 2007 and 2006, because this scenario results in the greatest net exposure to interest rate risk of the hypothetical scenarios tested at those dates.\nWhile the test scenario is for illustrative purposes only and does not reflect our expectations regarding future interest rates or the performance of fixed-income markets, it is a near-term, reasonably possible hypothetical change that illustrates the potential impact of such events.\nThese test scenarios do not measure the changes in value that could result from non-parallel shifts in the yield curve, which we would expect to produce different changes in discount rates for different maturities.\nAs a result, the actual loss in fair value from a 100 basis point change in interest rates could be different from that indicated by these calculations."}
{"_id": "d8157dbe2", "title": "", "text": "| Argentina Egypt Italy Peru Sweden | Australia | Austria | Belgium | Brazil | Canada | Chile | China | Colombia | Costa Rica | Czech Republic | Denmark |"}
{"_id": "d88362cf2", "title": "", "text": "| December 31, 2018 | Less ThanTwelve Months | FairValue | (in millions) | Fixed maturities-1: | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds | U.S. corporate public securities | U.S. corporate private securities | Foreign corporate public securities | Foreign corporate private securities | Asset-backed securities | Commercial mortgage-backed securities | Residential mortgage-backed securities | Total | December 31, 2017 | Less ThanTwelve Months | FairValue | (in millions) | Fixed maturities-1: | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds | U.S. corporate public securities | U.S. corporate private securities | Foreign corporate public securities | Foreign corporate private securities | Asset-backed securities | Commercial mortgage-backed securities | Residential mortgage-backed securities | Total |"}
{"_id": "d8b54696c", "title": "", "text": "In connection with our base rate increases on January 2, 2012 and January 3, 2011, we modified the fuel surcharge on air and ground services by reducing the index used to determine the fuel surcharge by 2% and 1%, respectively, each year.\nIn 2012, these index reductions offset the increase in jet and diesel fuel prices, resulting in a small decrease in the average air fuel surcharge rate and no change in the average ground surcharge rate.\nThe 2011 increases in the air and ground fuel surcharge rates were due to the significant increases in jet and diesel fuel prices, but partially offset by the reductions in the index on both the air and ground surcharges.\nTotal domestic fuel surcharge revenue increased $54 and $884 million in 2012 and 2011, respectively, primarily due to volume growth in 2012 and the higher fuel surcharge rates in 2011."}
{"_id": "d8a7e495e", "title": "", "text": "US Superfund Sites In the US, the Company may be subject to substantial claims brought by US federal or state regulatory agencies or private individuals pursuant to statutory authority or common law.\nIn particular, the Company has a potential liability under the US Federal Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended, and related state laws (collectively referred to as \"Superfund\") for investigation and cleanup costs at certain sites.\nAt most of these sites, numerous companies, including the Company, or one of its predecessor companies, have been notified that the Environmental Protection Agency, state governing bodies or private individuals consider such companies to be potentially responsible parties (\"PRP\") under Superfund or related laws.\nThe proceedings relating to these sites are in various stages.\nThe cleanup process has not been completed at most sites and the status of the insurance coverage for some of these proceedings is uncertain.\nConsequently, the Company cannot accurately determine its ultimate liability for investigation or cleanup costs at these sites.\nAs events progress at each site for which it has been named a PRP, the Company accrues, as appropriate, a liability for site cleanup.\nSuch liabilities include all costs that are probable and can be reasonably estimated.\nIn establishing these liabilities, the Company considers its shipment of waste to a site, its percentage of total waste shipped to the site, the types of wastes"}
{"_id": "d817bc002", "title": "", "text": "Financial Expectations  We are cautious about the economic environment, but, assuming that industrial production grows approximately 3% as projected, volume should exceed 2013 levels.\nEven with no volume growth, we expect earnings to exceed 2013 earnings, generated by core pricing gains, on-going network improvements and productivity initiatives.\nWe expect that free cash flow for 2014 will be lower than 2013 as higher cash from operations will be more than offset by additional cash of approximately $400 million that will be used to pay income taxes that were previously deferred through bonus depreciation, increased capital spend and higher dividend payments."}
{"_id": "d87558fa8", "title": "", "text": "Our Digital Media business consists of our websites and mobile and video-on-demand (“VOD”) services.\nOur websites include network branded websites such as Discovery.\ncom, TLC.\ncom and AnimalPlanet.\ncom, and other websites such as HowStuffWorks.\ncom, an online source of explanations of how the world actually works; Treehugger.\ncom, a comprehensive source for “green” news, solutions and product information; and Petfinder.\ncom, a leading pet adoption destination.\nTogether, these websites attracted an average of 24 million cumulative unique monthly visitors, according to comScore, Inc.  in 2011.  INTERNATIONAL NETWORKS Our International Networks segment principally consists of national and pan-regional television networks.\nThis segment generates revenues primarily from fees charged to operators who distribute our networks, which primarily include cable and DTH satellite service providers, and from advertising sold on our television networks and websites.\nDiscovery Channel, Animal Planet and TLC lead the International Networks’ portfolio of television networks, which are distributed in virtually every pay-television market in the world through an infrastructure that includes operational centers in London, Singapore and Miami.\nInternational Networks has one of the largest international distribution platforms of networks with one to twelve networks in more than 200 countries and territories around the world.\nAt December 31, 2011, International Networks operated over 150 unique distribution feeds in over 40 languages with channel feeds customized according to language needs and advertising sales opportunities.\nOur International Networks segment owns and operates the following television networks which reached the following number of subscribers as of December 31, 2011:"}
{"_id": "d8ecca10e", "title": "", "text": "| Year Ended December 31, | (as a % of revenue, except customer data) | Revenue from channel partners | Largest channel partner | 2ndlargest channel partner | Direct sale customers exceeding 5% of revenue |"}
{"_id": "d894afe60", "title": "", "text": "| Preliminary Purchase Price Allocation | Current assets | Non-current assets | Property and equipment | Intangible assets -1 | Other non-current liabilities | Fair value of net assets acquired | Goodwill -2 |"}
{"_id": "d8e29de60", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | CHANGE IN PROJECTED BENEFIT OBLIGATION | Projected benefit obligation at beginning of year | Service cost – excluding administrative expenses | Interest cost on projected benefit obligation | Net actuarial (gain)/loss | Benefits paid | PROJECTED BENEFIT OBLIGATION AT END OF YEAR | CHANGE IN PLAN ASSETS | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contributions | Benefits paid | Administrative expenses | FAIR VALUE OF PLAN ASSETS AT END OF YEAR | FUNDED STATUS | Unrecognized net loss | Unrecognized prior service costs | Accumulated benefit obligation |"}
{"_id": "d870f47fa", "title": "", "text": "| 2014 Quarters 2013 Quarters | (In millions, except per share information) | Income statement | Net interest income | Noninterest income | Total revenue, net of interest expense | Provision for credit losses | Noninterest expense | Income (loss) before income taxes | Income tax expense (benefit) | Net income (loss) | Net income (loss) applicable to common shareholders | Average common shares issued and outstanding | Average diluted common shares issued and outstanding-1 | Performance ratios | Return on average assets | Four quarter trailing return on average assets-2 | Return on average common shareholders’ equity | Return on average tangible common shareholders’ equity-3 | Return on average tangible shareholders’ equity-3 | Total ending equity to total ending assets | Total average equity to total average assets | Dividend payout | Per common share data | Earnings (loss) | Diluted earnings (loss)(1) | Dividends paid | Book value | Tangible book value-3 | Market price per share of common stock | Closing | High closing | Low closing | Market capitalization |"}
{"_id": "d82223914", "title": "", "text": "| March 31, 2009 | Number of Shares (in thousands) | Restricted stock awards at March 31, 2008 | Granted | Vested | Forfeited | Restricted stock awards at March 31, 2009 |"}
{"_id": "d8a7dd1d6", "title": "", "text": "| (In millions) 2003 2002 2001 | Capital | Compliance | Operating & maintenance | Remediation(b) | Total |"}
{"_id": "d8757db50", "title": "", "text": "| Year Ended December 31, Year Ended December 31, | 2014 | (In $ millions, except percentages) | Net sales | Net Sales Variance | Volume | Price | Currency | Other | Other (charges) gains, net | Operating profit (loss) | Operating margin | Depreciation and amortization |"}
{"_id": "d8d530ad4", "title": "", "text": "| 2008 2007 2006 | New Developments | Renovations and Expansions | Tenant Allowances | Operational Capital Expenditures | Total |"}
{"_id": "d8a3625c0", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements chief operating decision maker to evaluate segment performance and allocate resources, and consistent with authoritative guidance, is the measure of segment performance presented below.\nAdjusted operating income is calculated by adjusting each segment’s “Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures” for the following items, which are described in greater detail below: ?\nrealized investment gains (losses), net, and related charges and adjustments; ?\nnet investment gains (losses) on trading account assets supporting insurance liabilities and changes in experience-rated contractholder liabilities due to asset value changes; ?\nthe contribution to income (loss) of divested businesses that have been or will be sold or exited, including businesses that have been placed in wind down status, but that did not qualify for “discontinued operations” accounting treatment under U. S.  GAAP; and ?\nequity in earnings of operating joint ventures and earnings attributable to noncontrolling interests.\nThese items are important to an understanding of overall results of operations.\nAdjusted operating income is not a substitute for income determined in accordance with U. S.  GAAP, and the Company’s definition of adjusted operating income may differ from that used by other companies.\nHowever, the Company believes that the presentation of adjusted operating income as measured for management purposes enhances the understanding of results of operations by highlighting the results from ongoing operations and the underlying profitability factors of its businesses.\nAs discussed in Note 1, during 2016, the Company recorded out of period adjustments resulting in an aggregate net decrease of $134 million to “Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures” for the year ended December 31, 2016.\nThese adjustments resulted in a decrease in pre-tax adjusted operating income of $114 million for the year ended December 31, 2016, principally consisting of a net decrease of $153 million for the Individual Life Insurance segment.\nIn addition, as previously disclosed in its Annual Report on Form 10-K for the year ended December 31, 2014, during 2014, the Company recorded out of period adjustments resulting in an aggregate net decrease of $193 million to “Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures.\n” Subsequent to 2014, the Company identified and recorded additional out of period adjustments of $41 million related to 2014, primarily reflecting a benefit from the release of reserves related to certain variable annuities products with optional living benefit guarantees, net of a related decrease in DAC, offset by the increase in reserves, net of a related increase in DAC, for certain universal life products within the Individual Life business.\nThe impact of these items resulted in a decrease in pre-tax adjusted operating income of $155 million for the year ended December 31, 2014, principally consisting of a net decrease of $77 million for the Group Insurance segment and $72 million for the International Insurance segment.\nRealized investment gains (losses), net, and related charges and adjustments Realized investment gains (losses), net Adjusted operating income excludes “Realized investment gains (losses), net,” except for certain items described below.\nSignificant activity excluded from adjusted operating income includes impairments and credit-related gains (losses) from sales of securities, the timing of which depends largely on market credit cycles and can vary considerably across periods, and interest rate-related gains (losses) from sales of securities, which are largely subject to the Company’s discretion and influenced by market opportunities, as well as the Company’s tax and capital profile.\nAdditionally, adjusted operating income generally excludes realized investment gains and losses from products that contain embedded derivatives, and from associated derivative portfolios that are part of an asset liability management program related to the risk of those products.\nHowever, the effectiveness of the hedging program will ultimately be reflected in adjusted operating income over time.\nTrends in the underlying profitability of the Company’s businesses can be more clearly identified without the fluctuating effects of these transactions.\nThe following table sets forth the significant components of “Realized investment gains (losses), net” that are included in adjusted operating income and, as a result, are reflected as adjustments to “Realized investment gains (losses), net” for purposes of calculating adjusted operating income:"}
{"_id": "d8d064956", "title": "", "text": "Sales Order Backlog Sales order backlog represents homes under contract but not yet closed at the end of the period.\nMany of the contracts in our sales order backlog are subject to contingencies, including mortgage loan approval and buyers selling their existing homes, which can result in cancellations.\nA portion of the contracts in backlog will not result in closings due to cancellations.\nThe largest percentage increase in our sales order backlog occurred in our East region, reflecting the positive impact of our recent acquisitions of the homebuilding operations of Regent Homes and Crown Communities, which contributed 377 homes to our East region backlog at September 30, 2014.\nCrown Communities also contributed 305 homes to our Southeast region backlog at September 30, 2014."}
{"_id": "d8c13b57e", "title": "", "text": "| As of or for the year ended December 31, Credit exposure Nonperforming assets(f) Net charge-offs Average annual net charge-off rate(g) | (in millions, except ratios) | Consumer loans – reported(a) | Home equity | Mortgage | Auto loans and leases(b) | Credit card – reported(c) | All other loans | Loans held-for-sale | Total consumer loans – reported | Credit card – securitized(c)(d) | Total consumer loans – managed(c) | Assets acquired in loan satisfactions | Total consumer-related assets – managed | Consumer lending-related commitments: | Home equity(e) | Mortgage | Auto loans and leases | Credit card(e) | All other loans | Total lending-related commitments | Total consumer credit portfolio | Memo: Credit card – managed |"}
{"_id": "d8f6f561a", "title": "", "text": "| Year Ended December 31, | 2018 | Revenue | Costs and expenses: | Operating, administrative and other | Depreciation and amortization | Operating income | Equity income from unconsolidated subsidiaries | Other (loss) income | Less: Net income attributable to non-controllingInterests | Add-back: Depreciation and amortization | EBITDA | Adjusted EBITDA |"}
{"_id": "d8922c0f8", "title": "", "text": "Note 4  Effect of Gulf Coast Hurricanes 2005 Hurricane Activity  In August 2005 Hurricane Katrina moved through the Gulf of Mexico and caused the loss of the Main Pass 306D platform.\nThe net book value of the platform was $14.5 million.\nClean-up costs associated with the damage resulted in an increase to the Main Pass asset retirement obligation of $66.0 million.\nThe Company has accounted for the net book value of the destroyed platform and the increase in asset retirement costs as a loss on involuntary conversion.\nMain Pass clean-up and redevelopment costs are recoverable from insurance proceeds.\nHowever, the insurer has indicated that its maximum exposure limit has been reached and consequently the final\nThe Company does not consider interest income and expense or income tax benefit or expense in its evaluation of the performance of geographical segments."}
{"_id": "d89337c86", "title": "", "text": "For further discussion of the companys electric operating revenues and its electric results, see Results of Operations in Item 7.\nFor additional segment information, see Note N to the financial statements in Item 8."}
{"_id": "d810fb3a8", "title": "", "text": "| Preferred Shares | December 31Shares in thousands | Authorized | $1 par value | Issued and outstanding | Series B | Series K | Series L | Series O | Total issued and outstanding |"}
{"_id": "d88c07088", "title": "", "text": "| At December 31, 2008 S&P   Rating(a) A.M.   Best   Rating(a) Gross   Reinsurance   Assets Percent of Reinsurance Assets, Net Collateral   Held(b) Uncollateralized   Reinsurance   Assets | (In millions) | Reinsurer: | Swiss Reinsurance Group of Companies | Berkshire Hathaway Group of Companies | Munich Reinsurance Group of Companies | Lloyd’s Syndicates — Lloyd’s of London(c) |"}
{"_id": "d8c32704a", "title": "", "text": "ITEM 9.\nCHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE There were no disagreements or reportable events requiring disclosure pursuant to Item 304(b) of Regulation S-K ITEM 9A.\nCONTROLS AND PROCEDURES (a) EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES  We have established disclosure controls and procedures (Disclosure Controls) to ensure that information required to be disclosed in the Companys reports filed under the Securities Exchange Act of 1934, as amended, is recorded, processed, summarized and reported within the time periods specified in the U. S.  Securities and Exchange Commissions rules and forms.\nDisclosure Controls are also designed to ensure that such information is accumulated and communicated to management, including the Chief Executive Officer and Chief Financial Officer, as appropriate, to allow timely decisions regarding required disclosure.\nOur Disclosure Controls were designed to provide reasonable assurance that the controls and procedures would meet their objectives.\nOur management, including the Chief Executive Officer and Chief Financial Officer, does not expect that our Disclosure Controls will prevent all error and all fraud.\nA control system, no matter how well designed and operated, can provide only reasonable assurance of achieving the designed control objectives and management is required to apply its judgment in evaluating the cost-benefit relationship of possible controls and procedures.\nBecause of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within the Company have been detected.\nThese inherent limitations include the realities that judgments in decision-making can be faulty and that breakdowns can occur because of simple error or mistake.\nAdditionally, controls can be circumvented by the individual acts of some persons, by collusions of two or more people or by management override of the control.\nBecause of the inherent limitations in a cost-effective, maturing control system, misstatements due to error or fraud may occur and not be detected."}
{"_id": "d8b605380", "title": "", "text": "Threadneedle retail fund net inflows for the year ended December 31, 2013 were driven by recovering consumer confidence and good sales in key areas such as Europe.\nThreadneedle institutional AUM increased $8.5 billion, or 10%, during the year ended December 31, 2013 primarily due to market appreciation of $6.7 billion and a $1.6 billion positive impact of foreign currency translation, partially offset by net outflows.\nThreadneedle institutional net outflows of $2.6 billion for the year ended December 31, 2013 primarily reflected $3.7 billion of outflows from legacy insurance assets, partially offset by funding of new mandates and additional flows into existing funds.\nIn January 2014, we lost part of our U. S.  equities team at Threadneedle.\nA veteran member of the team, who has directly managed about one-third of the fund’s assets and who has had strong investment performance, has taken over the management of these funds.\nWe generally expect some level of outflows when this type of change occurs and we are monitoring it closely."}
{"_id": "d8e09d250", "title": "", "text": "| Investment Objective Value in Billions Percentage of Total AUM | Equity | Growth potential, income potential, value or various combinations thereof | Hybrid | Asset allocation, balanced, flexible, alternative and income-mixed funds | Fixed Income | Global/international, U.S. tax-free and U.S. taxable | Cash Management | Short-term liquid assets | Total |"}
{"_id": "d8f5fa986", "title": "", "text": "| Total United States Equatorial Guinea North Sea Israel-2 Corporate & Other Int'l-3 | (in thousands) | Year Ended December 31, 2005 | Lease operating-1 | Workover expense | Total operations expense | Production and ad valorem | Transportation expense | Total production costs | Year Ended December 31, 2004 | Lease operating-1 | Workover expense | Total operations expense | Production and ad valorem | Transportation expense | Total production costs | Year Ended December 31, 2003 | Lease operating-1 | Workover expense | Total operations expense | Production and ad valorem | Transportation expense | Total production costs | Year Ended December 31, | (millions, except unit rate) | United States | Israel | Equatorial Guinea | Other International, and Corporate | Total DD&A Expense-1 | Unit Rate per BOE-2 |"}
{"_id": "d88df2a50", "title": "", "text": "conditions and changes to regulatory capital requirements under Basel III capital standards.\nBeginning in 2014, other comprehensive income related to available for sale securities (as well as pension and other post-retirement plans) are included in PNC’s regulatory capital (subject to a phase-in schedule) and, therefore will affect PNC’s regulatory capital ratios.\nFor additional information, see the Supervision and Regulation section in Item 1 – Business and the Capital portion of the Balance Sheet Review section in this Item 7 of this Report.\nThe duration of investment securities was 2.9 years at December 31, 2013.\nWe estimate that, at December 31, 2013, the effective duration of investment securities was 3.0 years for an immediate 50 basis points parallel increase in interest rates and 2.8 years for an immediate 50 basis points parallel decrease in interest rates.\nComparable amounts at December 31, 2012 were 2.3 years and 2.2 years, respectively.\nWe conduct a quarterly comprehensive security-level impairment assessment on all securities.\nFor securities in an unrealized loss position, we determine whether the loss represents OTTI.\nFor debt securities that we neither intend to sell nor believe we will be required to sell prior to expected recovery, we recognize the credit portion of OTTI charges in current earnings and include the noncredit portion of OTTI in Net unrealized gains (losses) on OTTI securities on our Consolidated Statement of Comprehensive Income and net of tax in Accumulated other comprehensive income (loss) on our Consolidated Balance Sheet.\nDuring 2013 and 2012 we recognized OTTI credit losses of $16 million and $111 million, respectively.\nSubstantially all of the credit losses related to residential mortgage-backed and asset-backed securities collateralized by non-agency residential loans.\nIf current housing and economic conditions were to deteriorate from current levels, and if market volatility and illiquidity were to deteriorate from current levels, or if market interest rates were to increase or credit spreads were to widen appreciably, the valuation of our investment securities portfolio could be adversely affected and we could incur additional OTTI credit losses that would impact our Consolidated Income Statement.\nAdditional information regarding our investment securities is included in Note 8 Investment Securities and Note 9 Fair Value in the Notes To Consolidated Financial Statements included in Item 8 of this Report."}
{"_id": "d87303884", "title": "", "text": "| Con Edison* Con Edison of New York O&R Competitive Businesses and Other** | (Millions of Dollars) | Operating revenues | Purchased power | Fuel | Gas purchased for resale | Operating revenues less purchased power, fuel and gas purchased for resale (net revenues) | Other operations and maintenance | Impairment charges | Depreciation and amortization | Taxes, other than income taxes | Income taxes | Operating income | Other income less deductions and related federal income tax | Net interest charges | Income from continuing operations | Discontinued operations | Cumulative effect of changes in accounting principles | Net income |"}
{"_id": "d89efb8ec", "title": "", "text": "| Year Ended December 31 2008 2009 2010 | Aircraft manufacturing and outfitting | Aircraft services | Pre-owned aircraft | Total Aerospace |"}
{"_id": "d8f1daee6", "title": "", "text": "| (Dollars in millions) Fiscal2013 Fiscal2012 Fiscal2011 2013-2012% Change 2012-2011% Change | Product revenue | Service and other revenue | Total segment revenue | % of total revenue | Segment operating income | % of related revenue |"}
{"_id": "d8e316c34", "title": "", "text": "| 2009 2008 | (in billions) | Balance at January 1 | Net flows | Market appreciation/(depreciation) | Other | Balance at December 31 |"}
{"_id": "d85fbdbf8", "title": "", "text": "Sales and client service expenses as a percent of total revenues were 42% in 2015, compared to 41% in 2014.\nThese expenses increased 32% to $1.8 billion in 2015, from $1.4 billion in 2014.\nThe increase was primarily driven by the addition of the Cerner Health Services business.  ?\nSoftware development expenses as a percent of total revenues were 12% in both 2015 and 2014.\nExpenditures for software development reflect ongoing development and enhancement of the Cerner Millennium and HealtheIntent platforms, with a focus on supporting key initiatives to enhance physician experience, revenue cycle, and population health solutions.\nSoftware development expenses in 2015 also include expenditures related to the Cerner Health Services solutions.\nA summary of our total software development expense in 2015 and 2014 is as follows:"}
{"_id": "d8dc8cc10", "title": "", "text": "| Year ended December 31 Change | Dollars in millions | Commercial lending | Commercial | Retail/wholesale trade | Manufacturing | Service providers | Real estate related (a) | Financial services | Health care | Other industries | Total commercial (b) | Commercial real estate | Real estate projects (c) | Commercial mortgage | Total commercial real estate | Equipment lease financing | Total commercial lending (d) | Consumer lending | Home equity | Lines of credit | Installment | Total home equity | Residential real estate | Residential mortgage | Residential construction | Total residential real estate | Credit card | Other consumer | Education | Automobile | Other | Total consumer lending | Total loans |"}
{"_id": "d8f3a7328", "title": "", "text": "| CECONY O&R Competitive EnergyBusinesses Other (a) Con Edison (b) | (Millions of Dollars) | Operating revenues | Purchased power | Fuel | Gas purchased for resale | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Gain on sale of solar electric production projects | Operating income (loss) | Other income less deductions | Net interest expense | Income before income tax expense | Income tax expense | Net income |"}
{"_id": "d8989909e", "title": "", "text": "| Actual Minimum Required to be Well Capitalized Under PromptCorrective Action Provisions | Amount | December 31, 2012: | Total capital | Tier 1 capital | Tier 1 leverage-1 | December 31, 2011: | Total capital to risk-weighted assets | Tier 1 capital to risk-weighted assets | Tier 1 capital to adjusted total assets |"}
{"_id": "d8d1db14a", "title": "", "text": "Investments.\nThe board of directors of each of the Companys operating subsidiaries is responsible for establishing investment policy and guidelines and, together with senior management, for overseeing their execution.\nThe Companys principal investment objectives are to ensure funds are available to meet its insurance and reinsurance obligations and to maximize after-tax investment income while maintaining a high quality diversified investment portfolio.\nConsidering these objectives, the Company views its investment portfolio as having two components: 1) the investments needed to satisfy outstanding liabilities (its core fixed maturities portfolio) and 2) investments funded by the Companys shareholders equity.\nFor the portion needed to satisfy global outstanding liabilities, the Company generally invests in taxable and tax-preferenced fixed income securities with an average credit quality of Aa2, as rated by Moodys Investors Service, Inc.  (Moodys).\nFor the U. S.  portion of this portfolio, the Companys mix of taxable and taxpreferenced investments is adjusted periodically, consistent with the Companys current and projected U. S.  operating results, market conditions and the Companys tax position.\nThis global fixed maturity securities portfolio is externally managed by an independent, professional investment manager using portfolio guidelines approved by the Company.\nOver the past few years and particularly in 2010, the Company expanded the allocation of its investments funded by shareholders equity to include: 1) a greater percentage of publicly traded equity securities, 2) emerging market fixed maturities through mutual fund structures, 3) high yield fixed maturities, 4) bank loan securities and 5) private equity limited partnership investments.\nThe objective of this portfolio diversification is to enhance the risk-adjusted total return of the investment portfolio by allocating a prudent portion of the portfolio to higher return asset classes, which are also less subject to changes in value with movements in interest rates.\nThe Company limits its allocation to these asset classes because of 1) the potential for volatility in their values and 2) the impact of these investments on regulatory and rating agency capital adequacy models.\nThe Company use investment managers experienced in these markets and adjusts its allocation to these investments based upon market conditions.\nAt December 31, 2010, the market value of investments in these investment market sectors, carried at both market and fair value, approximated 36% of shareholders equity.\nThe duration of an investment is based on the maturity of the security but also reflects the payment of interest and the possibility of early prepayments.\nThe Companys fixed income investment guidelines include a general duration guideline.\nThis investment duration guideline is established and periodically revised by management, which considers economic and business factors, as well as the Companys average duration of potential liabilities, which, at December 31, 2010, is estimated at approximately 3.8 years, based on the estimated payouts of underwriting liabilities using standard duration calculations."}
{"_id": "d8a9a08ce", "title": "", "text": "| As of December 31, | 2016 | Consolidated Balance Sheet Data | Cash and cash equivalents-1 | Margin deposits and guaranty fund assets-2 | Total current assets | Goodwill and other intangible assets, net-1 | Total assets | Margin deposits and guaranty fund liabilities-2 | Total current liabilities | Short-term and long-term debt-1 | Equity-1 |"}
{"_id": "d88d15d1c", "title": "", "text": "AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The valuation allowance increased from $47.8 million as of December 31, 2009 to $48.2 million as of December 31, 2010.\nThe increase was primarily due to valuation allowances on foreign loss carryforwards.\nAt December 31, 2010, the Company has provided a valuation allowance of approximately $48.2 million which primarily relates to state net operating loss carryforwards, equity investments and foreign items.\nThe Company has not provided a valuation allowance for the remaining deferred tax assets, primarily its federal net operating loss carryforwards, as management believes the Company will have sufficient taxable income to realize these federal net operating loss carryforwards during the twenty-year tax carryforward period.\nValuation allowances may be reversed if related deferred tax assets are deemed realizable based on changes in facts and circumstances relevant to the assets recoverability.\nThe recoverability of the Companys remaining net deferred tax asset has been assessed utilizing projections based on its current operations.\nThe projections show a significant decrease in depreciation in the later years of the carryforward period as a result of a significant portion of its assets being fully depreciated during the first fifteen years of the carryforward period.\nAccordingly, the recoverability of the net deferred tax asset is not dependent on material improvements to operations, material asset sales or other non-routine transactions.\nBased on its current outlook of future taxable income during the carryforward period, management believes that the net deferred tax asset will be realized.\nThe Companys deferred tax assets as of December 31, 2010 and 2009 in the table above do not include $122.1 million and $113.9 million, respectively, of excess tax benefits from the exercises of employee stock options that are a component of net operating losses.\nTotal stockholders equity as of December 31, 2010 will be increased by $122.1 million if and when any such excess tax benefits are ultimately realized.\nAt December 31, 2010, the Company had net federal and state operating loss carryforwards available to reduce future federal and state taxable income of approximately $1.2 billion, including losses related to employee stock options of $0.3 billion.\nIf not utilized, the Companys net operating loss carryforwards expire as follows (in thousands):"}
{"_id": "d8b8ccf8c", "title": "", "text": "Recent Accounting Pronouncements – In May 2014, the FASB issued a new standard that will change the way we recognize revenue and significantly expand the disclosure requirements for revenue arrangements.\nOn July 9, 2015, the FASB approved a one-year deferral of the effective date of the standard to 2018 for public companies, with an option that would permit companies to adopt the standard in 2017.\nEarly adoption prior to 2017 is not permitted.\nThe new standard may be adopted either retrospectively or on a modified retrospective basis whereby the new standard would be applied to new contracts and existing contracts with remaining performance obligations as of the effective date, with a cumulative catch-up adjustment recorded to beginning retained earnings at the effective date for existing contracts with remaining performance obligations.\nIn addition, the FASB is contemplating making additional changes to certain elements of the new standard.\nWe are currently evaluating the methods of adoption allowed by the new standard and the effect the standard is expected to have on our consolidated financial statements and related disclosures.\nAs the new standard will supersede substantially all existing revenue guidance affecting us under GAAP, it could impact revenue and cost recognition on thousands of contracts across all our business segments, in addition to our business processes and our information technology systems.\nAs a result, our evaluation of the effect of the new standard will extend over future periods.\nIn September 2015, the FASB issued a new standard that simplifies the accounting for adjustments made to preliminary amounts recognized in a business combination by eliminating the requirement to retrospectively account for those adjustments.\nInstead, adjustments will be recognized in the period in which the adjustments are determined, including the effect on earnings of any amounts that would have been recorded in previous periods if the accounting had been completed at the acquisition date.\nWe adopted the standard on January 1, 2016 and will prospectively apply the standard to business combination adjustments identified after the date of adoption.\nIn November 2015, the FASB issued a new standard that simplifies the presentation of deferred income taxes and requires that deferred tax assets and liabilities, as well as any related valuation allowance, be classified as noncurrent in our consolidated balance sheets.\nThe standard is effective January 1, 2017, with early adoption permitted.\nThe standard may be applied either prospectively from the date of adoption or retrospectively to all prior periods presented.\nWe are currently evaluating when we will adopt the standard and the method of adoption.\nNote 2 – Earnings Per Share The weighted average number of shares outstanding used to compute earnings per common share were as follows (in millions):"}
{"_id": "d8dcbef62", "title": "", "text": "Financial Instruments - The following information represents the carrying amounts and estimated fair values of our financial instruments for the periods indicated, excluding energy marketing and risk management assets and liabilities, which are listed in the table above.\nThe approximate fair value of cash and cash equivalents, short-term investments, accounts and notes receivable and accounts and notes payable is equal to book value due to their short-term nature.\nThe estimated fair value of long-term debt has been determined using quoted market prices of the same or similar issues, discounted cash flows, and/or rates currently available to us for debt with similar terms and remaining maturities.\nThe book value of our long-term debt was $4.64 billion and $4.05 billion at December 31, 2007 and 2006, respectively.\nThe approximate fair value of our long-term debt was $4.75 billion and $4.09 billion at December 31, 2007 and 2006, respectively.\nAt December 31, 2007, our investment securities classified as available for sale had an aggregate fair value of $24.2 million.\nWe reported $13.7 million and $12.6 million in accumulated other comprehensive income (loss) for net unrealized holding gains on available-for-sale securities in 2007 and 2006, respectively.\nFor 2007 and 2006, no gains or losses related to available-for-sale securities were reclassified to earnings from other comprehensive income (loss).\nWe had no material securities classified as available for sale at December 31, 2005."}
{"_id": "d8b2d5822", "title": "", "text": "The increases in interest expense over the last two years are primarily due to an increase in the overall amount of debt outstanding during each of the periods, primarily relating to debt incurred for and from the NYSE acquisition.\nSee “- Debt” below.\nWe recognized interest and investment income of $7 million, $3 million and $2 million for the years ended December 31, 2014, 2013 and 2012, respectively.\nInterest and investment income is recorded in other income and the increase primarily relates to an increase in our short-term investments during the year ended December 31, 2014.\nWe account for our investment in Cetip as an available-for-sale investment and it is classified as a long-term investment in our consolidated balance sheet.\nDuring the year ended December 31, 2013, we recorded an impairment of our Cetip investment for $190 million, which was recorded as other expense.\nRefer to Note 5 to our consolidation financial statements and related notes, which are included elsewhere in this Annual Report on Form 10-K, for more information on this impairment.\nWe recognized dividend income received relating to our Cetip investment in other income, which was $23 million, $8 million and $5 million for the years ended December 31, 2014, 2013 and 2012, respectively.\nOn October 16, 2013, following the issuance of $1.4 billion in Senior Notes (as defined below), we prepaid our Private Senior Notes (as defined below) representing $400 million aggregate principal amount.\nIn connection with the early payoff of the Private Senior Notes, we incurred $51 million in expenses, which was recorded as other expense during the year ended December 31, 2013.\nSee “- Debt” below.\nIn connection with our acquisition of NYSE, we obtained a 40% ownership in OCC and we recorded our investment in OCC as an equity method investment.\nWe recognized $25 million in equity income related to this investment during the year ended December 31, 2014 as other income.\nFor a description of this investment, see note 15 to our consolidated financial statements and related notes, which are included elsewhere is this Annual Report on Form 10-K and see \"- Future Capital Requirements\" below.\nWe incurred foreign currency transaction losses of $2 million, $2 million and $4 million for the years ended December 31, 2014, 2013 and 2012, respectively.\nForeign currency gains and losses are recorded in other income (expense) and relate to the settlement of foreign currency assets, liabilities and payables that occur through our foreign operations that are received in non-functional currencies due to the increase or decrease in the period-end foreign currency exchange rates between periods.\nOn June 24, 2014, we sold 94% of all outstanding shares of Euronext in an IPO."}
{"_id": "d8f29f8a4", "title": "", "text": "Based on the analysis described above, for the reporting units for which we performed the first step of the quantitative impairment test, we concluded that our goodwill was not impaired as of October 1, 2013, because these reporting units passed the first step of the test as the fair values of each of the reporting units were substantially in excess of their respective net book values.\nWe review intangible assets with definite lives subject to amortization whenever events or circumstances indicate that a carrying amount of an asset may not be recoverable.\nRecoverability of these assets is determined by comparing the carrying value of these assets to the estimated undiscounted future cash flows expected to be generated by these assets.\nThese assets"}
{"_id": "d8dd6ab28", "title": "", "text": "| Year Ended December 31, 2013 to 2014 % Change 2012 to 2013 % Change | 2014 | (in thousands) | Sales and marketing | Sales and marketing as a percentage of revenue |"}
{"_id": "d85f8ac4e", "title": "", "text": "| Change | 2010 | (in thousands) | IBNR -1 | Military services benefits payable -2 | Reported claims in process -3 | Other benefits payable -4 | Total benefits payable |"}
{"_id": "d8f3c12b4", "title": "", "text": "| Cash and short-term investments $266 | Other current assets | Fixed income investments, held to maturity | Vessels under construction | Accounts payable and accrued liabilities | Long-term debt | Total purchase price |"}
{"_id": "d87119492", "title": "", "text": "Note M  Stock-Based Compensation The Companies may compensate employees and directors with, among other things, stock options, stock units, restricted stock units and contributions to the stock purchase plan.\nThe\nNotes to the Financial Statements  Continued The income tax benefit Con Edison realized from stock options exercised in the years ended December 31, 2014, 2013 and 2012 was $1 million, $10 million and an immaterial amount, respectively.\nRestricted Stock and Stock Units Restricted stock and stock unit awards under the LTIP have been made as follows: (i) awards that provide for adjustment of the number of units (performance-restricted stock units or Performance RSUs) to certain officers and employees; (ii) timebased awards to certain employees; and (iii) awards to nonemployee directors.\nRestricted stock and stock units awarded represents the right to receive, upon vesting, shares of Con Edison common stock, or, except for units awarded under the directors plan, the cash value of shares or a combination thereof.\nThe number of units in each annual Performance RSU award is subject to adjustment as follows: (i) 50 percent of the units awarded will be multiplied by a factor that may range from 0 to 200 percent, based on Con Edisons total shareholder return relative to a specified peer group during a specified performance period (the TSR portion); and (ii) 50 percent of the units awarded will be multiplied by a factor that may range from 0 to 120 percent for management employees and from 0 to 200 percent, based on determinations made in connection with the Companies annual incentive plans or, for certain executive officers, actual performance as compared to certain performance measures during a specified performance period (the non-TSR portion).\nPerformance RSU awards generally vest upon completion of the performance period.\nPerformance against the established targets is recomputed each reporting period as of the earlier of the reporting date and the vesting date.\nThe TSR portion applies a Monte Carlo simulation model, and the non-TSR portion is the product of the market price at the end of the period multiplied by the average non-TSR determination over the vesting period.\nPerformance RSUs are liability awards because each Performance RSU represents the right to receive, upon vesting, one share of Con Edison common stock, the cash value of a share or a combination thereof.\nAs such, changes in the fair value of the Performance RSUs are reflected in net income.\nThe following table illustrates the assumptions used to calculate the fair value of the awards:"}
{"_id": "d87194b2e", "title": "", "text": "| (Dollars in millions) Multi-Seller Conduits Asset Acquisition Conduits Municipal Bond Trusts CDOs Leveraged Lease Trusts Other Vehicles Total | Consolidated VIEs, December 31, 2008-1 | Maximum loss exposure-2 | Consolidated Assets-3 | Trading account assets | Derivative assets | Available-for-sale debt securities | Held-to-maturity debt securities | Loans and leases | All other assets | Total | Consolidated Liabilities | Commercial paper and other short-term borrowings | All other liabilities | Total | Consolidated VIEs, December 31, 2007-1 | Maximum loss exposure-2 | Total assets-3 |"}
{"_id": "d8b2fbb1c", "title": "", "text": "Offsetting of Securities Financing Agreements Substantially all of the Corporation’s securities financing activities are transacted under legally enforceable master repurchase agreements or legally enforceable master securities lending agreements that give the Corporation, in the event of default by the counterparty, the right to liquidate securities held and to offset receivables and payables with the same counterparty.\nThe Corporation offsets securities financing transactions with the same counterparty on the Consolidated Balance Sheet where it has such a legally enforceable master netting agreement and the transactions have the same maturity date.\nThe Securities Financing Agreements table presents securities financing agreements included on the Consolidated Balance Sheet in federal funds sold and securities borrowed or purchased under agreements to resell, and in federal funds purchased and securities loaned or sold under agreements to repurchase at December 31, 2015 and 2014.\nBalances are presented on a gross basis, prior to the application of counterparty netting.\nGross assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements.\nFor more information on the offsetting of derivatives, see Note 2 – Derivatives.\nThe “Other” amount in the table, which is included on the Consolidated Balance Sheet in accrued expenses and other liabilities, relates to transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged as collateral or sold.\nIn these transactions, the Corporation recognizes an asset at fair value, representing the securities received, and a liability, representing the obligation to return those securities.\nGross assets and liabilities in the table include activity where uncertainty exists as to the enforceability of certain master netting agreements under bankruptcy laws in some countries or industries and, accordingly, these are reported on a gross basis.\nThe column titled “Financial Instruments” in the table includes securities collateral received or pledged under repurchase or securities lending agreements where there is a legally enforceable master netting agreement.\nThese amounts are not offset on the Consolidated Balance Sheet, but are shown as a reduction to the net balance sheet amount in this table to derive a net asset or liability.\nSecurities collateral received or pledged where the legal enforceability of the master netting agreements is not certain is not included."}
{"_id": "d8c1619cc", "title": "", "text": "?\nOperating income, as adjusted, includes non-GAAP expense adjustments.\nThe portion of compensation expense associated with certain long-term incentive plans (LTIP) funded, or to be funded, through share distributions to participants of BlackRock stock held by PNC has been excluded because it ultimately does not impact BlackRocks book value.\nIn 2016, a restructuring charge primarily comprised of severance and accelerated amortization expense of previously granted deferred compensation awards has been excluded to provide an analysis of BlackRocks ongoing operations and to ensure comparability among periods presented.\nIn 2015, compensation expense associated with appreciation (depreciation) on investments related to certain BlackRock deferred compensation plans has been excluded, as returns on investments set aside for these plans, which substantially offset this expense, are reported in nonoperating income (expense).  ?\nOperating income used for measuring operating margin, as adjusted, is equal to operating income, as adjusted, excluding the impact of product launch costs (e. g.  closed-end fund launch costs) and related commissions.\nManagement believes the exclusion of such costs and related commissions is useful because these costs can fluctuate considerably and revenue associated with the expenditure of these costs will not fully impact BlackRocks results until future periods.\nRevenue used for operating margin, as adjusted, excludes distribution and servicing costs paid to related parties and other third parties.\nManagement believes such costs represent a benchmark for the amount of revenue passed through to external parties who distribute the Companys products.\nIn addition, management believes the exclusion of such costs is useful because it creates consistency in the treatment for certain contracts for similar services, which due to the terms of the contracts, are accounted for under GAAP on a net basis within investment advisory, administration fees and securities lending revenue.\nAmortization of deferred sales commissions is excluded from revenue used for operating margin measurement, as adjusted, because such costs, over time, substantially offset distribution fee revenue the Company earns.\nFor each of these items, BlackRock excludes from revenue used for operating margin, as adjusted, the costs related to each of these items as a proxy for such offsetting revenue."}
{"_id": "d88453bca", "title": "", "text": "| December 31, | 2009 | (in millions) | Liabilities for investment-type insurance contracts: | GICs | Funding agreements | Other investment-type insurance contracts | Total liabilities for investment-type insurance contracts | Liabilities for individual annuities | Universal life and other reserves | Total contractholder funds | For the year ended December 31, | 2009 | (in billions) | Account values, beginning of period | Net cash flow -1 | Credited investment performance | Other | Account values, end of period |"}
{"_id": "d8cfe9f80", "title": "", "text": "As of December 31, 2013 and 2012, our liabilities associated with unrecognized tax benefits are not material.\nWe and our subsidiaries file income tax returns in the U. S.  federal jurisdiction and various foreign jurisdictions.\nWith few exceptions, the statute of limitations is no longer open for U. S.  federal or non-U.\nS.  income tax examinations for the years before 2010, other than with respect to refunds.\nU. S.  income taxes and foreign withholding taxes have not been provided on earnings of $222 million, $211 million, and $193 million that have not been distributed by our non-U.\nS.  companies as of December 31, 2013, 2012, and 2011.\nOur intention is to permanently reinvest these earnings, thereby indefinitely postponing their remittance to the U. S.  If these earnings were remitted, we estimate that the additional income taxes after foreign tax credits would have been approximately $50 million in 2013, $45 million in 2012, and $41 million in 2011.\nOur federal and foreign income tax payments, net of refunds received, were $787 million in 2013, $890 million in 2012, and $722 million in 2011.\nOur 2013 net payments reflect a $550 million refund from the IRS primarily attributable to our tax-deductible discretionary pension contributions during the fourth quarter of 2012; our 2012 net payments reflect a $153 million refund from the IRS related to a 2011 capital loss carryback claim; and our 2011 net payments reflect a $250 million refund from the IRS related to estimated taxes paid for 2010.\nAs of December 31, 2013 and 2012, we had federal and foreign taxes receivable of $313 million and $662 million recorded within other current assets on our Balance Sheet, primarily attributable to our tax-deductible discretionary pension contributions in the fourth quarter of 2013 and 2012 and our debt exchange transaction in the fourth quarter of 2012."}
{"_id": "d8b8a5a90", "title": "", "text": "We use a measurement date of December 31 for plan assets and benefit obligations.\nA reconciliation of the changes in the projected benefit obligation for qualified pension, nonqualified pension and postretirement benefit plans as well as the change in plan assets for the qualified pension plan follows:"}
{"_id": "d89821922", "title": "", "text": "| Payments due by period | Total | (In thousands) | Long-term debt obligations | Capital lease obligations | Interest expense on long-term debt and capital lease obligations | Satellite-related obligations | Operating lease obligations | Purchase obligations | Total |"}
{"_id": "d8f25f5b0", "title": "", "text": "Rate Matters NSP-Minnesota Pending and Recently Concluded Regulatory Proceedings  MPUC Base Rate NSP-Minnesota Electric Rate Case  On Nov.  3, 2008, NSP-Minnesota filed a request with the MPUC to increase Minnesota electric rates by $156 million annually, or 6.05 percent.\nThe request is based on a 2009 forecast test year, an electric rate base of $4.1 billion, a requested ROE of 11.0 percent and an equity ratio of 52.5 percent.\nIn December 2008, the MPUC approved an interim rate increase of $132 million, or 5.12 percent, effective Jan.  2, 2009.\nThe primary difference between interim rate levels approved and NSP-Minnesotas request of $156 million is due to a previously authorized ROE of 10.54 percent and NSP-Minnesotas requested ROE of 11.0 percent.\nA final decision from the MPUC is expected in the third quarter of 2009.\nThe following procedural schedule has been established: ?\nStaff and intervenor direct testimony on April 7, 2009; ?\nNSP-Minnesota rebuttal testimony on May 5, 2009; ?\nStaff and intervenor surrebuttal testimony on May 26, 2009; and ?\nEvidentiary hearings are scheduled for June 2-9, 2009.\nElectric, Purchased Gas and Resource Adjustment Clauses TCR Rider  In November 2006, the MPUC approved a TCR rider pursuant to legislation, which allows annual adjustments to retail electric rates to provide recovery of incremental transmission investments between rate cases.\nIn December 2007, NSP-Minnesota filed adjustments to the TCR rate factors and implemented a rider to recover $18.5 million beginning Jan.  1, 2008.\nIn March 2008, the MPUC approved the 2008 rider, but required certain procedural changes for future TCR filings if costs are disputed.\nOn Oct.  30, 2008, NSP-Minnesota submitted its proposed TCR rate factors for proposed recovery in 2009, seeking to recover $14 million beginning Jan.  1, 2009.\nA portion of amounts previously collected through the TCR rider prior to 2009 has been included for recovery in the electric rate case described above.\nMPUC approval is pending.\nRES Rider  In March 2008, the MPUC approved an RES rider to recover the costs for utility-owned projects implemented in compliance with the RES, and the RES rider was implemented on April 1, 2008.\nUnder the rider, NSP-Minnesota could recover up to approximately $14.5 million in 2008 attributable to the Grand Meadow wind farm, a 100 MW wind project, subject to true-up.\nIn 2008, NSP-Minnesota submitted the RES rider for recovery of approximately $22 million in 2009 attributable to the Grand Meadow wind farm.\nOn Feb.  12, 2009, the MPUC"}
{"_id": "d8922c0b2", "title": "", "text": "Marketable securities and receivables related to derivative instruments are valued at current market value.\nOther assets are recorded at cost.\nGoodwill Goodwill represents the excess of the cost of an acquired entity over the net amounts assigned to assets acquired and liabilities assumed.\nThe Company accounts for goodwill in accordance with SFAS No.142, Goodwill and Other Intangible Assets.\n Goodwill is not amortized to earnings but is tested annually during the fourth quarter or whenever events or changes in circumstances indicate that the carrying value may not be recoverable.\nIncome Taxes Income taxes are accounted for under the asset and liability method.\nDeferred tax assets and liabilities are recognized when items of income and expense are recognized in the financial statements in different periods than when recognized in the tax return.\nDeferred tax assets arise when expenses are recognized in the financial statements before the tax returns or when income items are recognized in the tax return prior to the financial statements.\nDeferred tax assets also arise when operating losses or tax credits are available to offset tax payments due in future years.\nDeferred tax liabilities arise when income items are recognized in the financial statements before the tax returns or when expenses are recognized in the tax return prior to the financial statements.\nDeferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.\nThe effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date.\nFair Value of Financial Instruments The following methods and assumptions were used to estimate the fair values for each class of financial instruments.\nThe fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between two willing parties.\nDeferred Income Taxes  The amount allocated to deferred income taxes results from differences between the assigned values and the tax bases of the assets acquired and liabilities assumed in accordance with SFAS No.109, Accounting for Income Taxes.\n The Company is reviewing the historical deferred tax balances as well as the adjustment for the difference in book and tax basis for the fair value of the assets.\nAny future adjustments, if necessary, will be reflected as a final purchase price adjustment.\nGoodwill  The preliminary allocation of purchase price included approximately $874.8 million of goodwill.\nThe significant factors that contributed to the recognition of goodwill include, but are not limited to, economies of scale in connection with the Companys existing domestic operations, and the ability to acquire an established business with an assembled workforce with technological and operational expertise in tight gas sand formations.\nThe goodwill was assigned to the Companys domestic reporting unit.\nIn accordance with SFAS No.142, Goodwill and Other Intangible Assets, goodwill is not amortized to earnings but is tested, at least annually, for impairment at the reporting unit level.\nThe Company conducted its goodwill impairment test as of December 31, 2005.\nOther events and changes in circumstances, such as a sale of domestic properties, may also require goodwill to be tested for impairment between annual measurement dates.\nIf the carrying value of goodwill is determined to be impaired, the amount of goodwill is reduced and a corresponding charge is made to earnings in the period in which the goodwill is determined to be impaired.\nThe Company does not expect the goodwill to be deductible for income tax purposes.\nNo goodwill impairment was recognized as of December 31, 2005.\nIn accordance with Emerging Issues Task Force (EITF) Abstract Issue No.00-23, Issues Related to the Accounting for Stock Compensation under APB Opinion No.25 and FASB Interpretation No.44, the Company has reduced the amount of goodwill originally recorded by $12.0 million for deferred tax assets associated with the exercise of fully-vested stock options assumed in conjunction with the Patina Merger to the extent that the stock-based compensation expense reported for tax purposes did not exceed the fair value of the awards recognized as part of the total purchase price.\nPro Forma Financial Information  The following pro forma condensed combined financial information for the years ended December 31, 2005 and 2004 was derived from the historical financial statements of Noble Energy and Patina and gives effect to the merger as if it had occurred on January 1, 2004.\nThe pro forma condensed combined financial information has been included for comparative purposes and is not necessarily indicative of the results that might have occurred had the merger taken place as of the dates indicated and is not intended to be a projection of future results."}
{"_id": "d8f5faa62", "title": "", "text": "SEGMENT DATA We design, develop, manufacture and market reconstructive orthopaedic implants, including joint and dental, spinal implants, trauma products and related orthopaedic surgical products which include surgical supplies and instruments designed to aid in orthopaedic surgical procedures and post-operation rehabilitation.\nWe also provide other healthcare related services.\nRevenue related to these services currently represents less than 1 percent of our total net sales.\nWe manage operations through three major geographic segments  the Americas, which is comprised principally of the United States and includes other North, Central and South American markets; Europe, which is comprised principally of Europe and includes the Middle East and Africa; and Asia Pacific, which is comprised primarily of Japan and includes other Asian and Pacific markets.\nThis structure is the basis for our reportable segment information discussed below.\nManagement evaluates operating segment performance based upon segment operating profit exclusive of operating expenses pertaining to global operations and corporate expenses, share-based compensation expense, settlement, acquisition, integration and other expenses, inventory step-up, in-process research and development writeoffs and intangible asset amortization expense.\nGlobal operations include research, development engineering, medical education, brand management, corporate legal, finance, and human resource functions, and U. S.  and Puerto Rico based manufacturing operations and logistics.\nIntercompany transactions have been eliminated from segment operating profit.\nManagement reviews accounts receivable, inventory, property, plant and equipment, goodwill and intangible assets by reportable segment exclusive of U.\nS and Puerto Rico based manufacturing operations and logistics and corporate assets."}
{"_id": "d8f2cb3aa", "title": "", "text": "| (Millions of barrels) 2008 | Beginning of year | Revisions(a) | Extensions, discoveries and additions | Production | End of year |"}
{"_id": "d8843b296", "title": "", "text": "Model Risk Management The use of financial models is widespread throughout the banking and financial services industry, with larger and more complex organizations employing dozens of sophisticated models on a daily basis to measure risk exposures, determine economic and regulatory capital levels, and guide investment decisions, among other things.\nHowever, even as models represent a significant advancement in financial management, the models themselves represent a new source of risk, i. e. , the potential for adverse consequences or financial loss from decisions based on incorrect, misused or misinterpreted model outputs and reports.\nIn large banking organizations like State Street, where financial models and their outputs exert significant influence on business decisions, and where model failure could have a particularly harmful effect on our financial strength and performance, model risk is managed within an extensive and rigorous risk management framework.\nThis framework is documented in our Model Risk Governance Policy Statement and accompanying Model Risk Governance Guidelines.\nOur model risk management program has three principal components: A model risk governance program supports risk management by defining roles and responsibilities, by providing policies and guidance that define relevant model risk management activities, and by describing procedures that implement those policies; A model development process facilitates the appropriate design and accuracy of models; the development process also includes ongoing model integrity activities designed to test for robustness and stability and to evaluate a model's limitations and assumptions; and A set of model validation processes and activities is designed to validate that models are theoretically sound, are performing as expected, and are in line with their design objectives; model validation also checks that a model's key assumptions and limitations are identified and clearly communicated to the model's end users and to senior management.\nThe MAC, chaired by the head of the Model Validation Group, was established to provide recommendations on technical modeling issues to the corporate oversight committees.\nThe MAC includes members with expertise in modeling methodologies, and has representation from the various business units throughout State Street."}
{"_id": "d8a480560", "title": "", "text": "| 2014 2013 | U.S. life insurance subsidiaries, includes domestic captive insurance subsidiaries in 2013 | Property and casualty insurance subsidiaries | Total |"}
{"_id": "d892f27b2", "title": "", "text": "| December 31, 2009 | (Dollars in millions) | Commercial – domestic | Commercial real estate – domestic | Foreign and other-3 | Total selected loans | Percent of total | Sensitivity of selected loans to changes in interest rates for loans due after one year: | Fixed interest rates | Floating or adjustable interest rates | Total |"}
{"_id": "d8d0d5322", "title": "", "text": "| -1 (2) December 31, 2007 December 31, 2006 | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total Public Trading Account Assets Supporting Insurance Liabilities |"}
{"_id": "d87e20550", "title": "", "text": "| (In millions) 2013 2012 2011 | Average U.S. short-duration advances | Average non-U.S. short-duration advances | Average total short-duration advances |"}
{"_id": "d8e0b4df6", "title": "", "text": "| 2012 2011 2010 2009 2008 | December 31Dollars in millions | Commercial | Commercial real estate | Equipment lease financing | Consumer (a) | Residential real estate | Total |"}
{"_id": "d85fbdd7e", "title": "", "text": "| Year Gallons Hedged Weighted Average ContractPrice per Gallon | 2014 | 2015 | 2016 |"}
{"_id": "d881a79ee", "title": "", "text": "(1) This amount represents the translation of pounds sterling into U. S.  dollars using the noon buying rate on December 31, 2007 of $1.9843 as announced by the Federal Reserve Bank of New York.\nSee also “— Liquidity and Capital Resources — The Holding Company — Liquidity Sources — Common Equity Units” for a description of $2,134 million of junior subordinated debt securities issued in connection with the issuance of common equity units.\nPreferred Stock.\nDuring the year ended December 31, 2007, the Holding Company issued no new preferred stock.\nIn June 2005, the Holding Company issued 24 million shares of Floating Rate Non-Cumulative Preferred Stock, Series A (the “Series A preferred shares”) with a $0.01 par value per share, and a liquidation preference of $25 per share, for aggregate proceeds of $600 million.\nIn June 2005, the Holding Company issued 60 million shares of 6.50% Non-Cumulative Preferred Stock, Series B (the “Series B preferred shares,” together with the Series A preferred shares, collectively, the “Preferred Shares”) with a $0.01 par value per share, and a liquidation preference of $25 per share for aggregate proceeds of $1.5 billion.\nThe Preferred Shares rank senior to the common stock with respect to dividends and liquidation rights.\nDividends on the Preferred Shares are not cumulative.\nHolders of the Preferred Shares will be entitled to receive dividend payments only when, as and if declared by the Holding Company’s Board of Directors or a duly authorized committee of the board.\nIf dividends are declared on the Series A preferred shares, they will be payable quarterly, in arrears, at an annual rate of the greater of: (i) 1.00% above 3-month LIBOR on the related LIBOR determination date; or (ii) 4.00%.\nAny dividends declared on the Series B preferred shares will be payable quarterly, in arrears, at an annual fixed rate of 6.50%.\nAccordingly, in the event that dividends are not declared on the Preferred Shares for payment on any dividend payment date, then those dividends will cease to accrue and be payable.\nIf a dividend is not declared before the dividend payment date, the Holding"}
{"_id": "d8e65de38", "title": "", "text": "DOMINOS PIZZA, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Management estimated the fair value of each option grant made during 2014, 2013 and 2012 as of the date of the grant using the Black-Scholes option pricing method.\nWeighted average assumptions are presented in the following table.\nThe risk-free interest rate is based on the estimated effective life, and is estimated based on U. S.  Treasury Bond rates as of the grant date.\nThe expected life (years) is based on several factors, including, among other things, the vesting term and contractual term as well as historical experience.\nThe expected volatility is based principally on the historical volatility of the Companys share price."}
{"_id": "d8de7ef0a", "title": "", "text": "| Year Ended September 30, | 2010 Compared to 2009 Increase (Decrease) Due To | Volume | (in 000’s) | Interest Revenue | Interest-Earning Banking Assets: | Loans, Net of Unearned Income: | Commercial Loans | Real Estate Construction Loans | Commercial Real Estate Loans | Residential Mortgage Loans | Consumer Loans | Reverse Repurchase Agreements | Agency Mortgage Backed Securities | Non-agency Collateralized Mortgage Obligations | Money Market Funds, Cash and Cash Equivalents | FHLB Stock and Other | Total Interest-Earning Banking Assets | Interest Expense | Interest-Bearing Banking Liabilities: | Deposits: | Certificates Of Deposit | Money Market, Savings and | NOW Accounts | FHLB Advances and Other | Total Interest-Bearing Banking Liabilities | Change in Net Operating Interest Income |"}
{"_id": "d817d4832", "title": "", "text": "| Maximum potential amount of future payments | In billions of dollars at December 31, 2018, except carrying value in millions | Financial standby letters of credit | Performance guarantees | Derivative instruments considered to be guarantees | Loans sold with recourse | Securities lending indemnifications-1 | Credit card merchant processing-1(2) | Credit card arrangements with partners | Custody indemnifications and other | Total |"}
{"_id": "d8e00839e", "title": "", "text": "| Year Ended December 31, 2008 | (Dollars in millions) | Balance, January 1, 2008 | Countrywide acquisition | Included in earnings | Included in other comprehensive income | Purchases, issuances and settlements | Transfers into (out of) Level 3 | Balance, December 31, 2008 | Year Ended December 31, 2007 | Balance, January 1, 2007 | Included in earnings | Included in other comprehensive income | Purchases, issuances and settlements | Transfers into (out of) Level 3 | Balance, December 31, 2007 |"}
{"_id": "d8ac2194a", "title": "", "text": "| Year Ended December 31 2006 2005 2004 | Nuclear submarines | Surface combatants | Auxiliary and commercial ships | Repair and other services | $4,940 |"}
{"_id": "d8f861922", "title": "", "text": "| Trusts Face Value Maturity  Date Annual Interest Rate | ETBH Capital Trust II | ETBH Capital Trust I | ETBH Capital Trust V, VI, VIII | ETBH Capital Trust VII, IX—XII | ETBH Capital Trust XIII—XVIII, XX | ETBH Capital Trust XIX, XXI, XXII | ETBH Capital Trust XXIII—XXIV | ETBH Capital Trust XXV—XXX | 12/02 | E*TRADE Financial Corporation | S&P 500 | S&P Super Cap Diversified Financials |"}
{"_id": "d8b406534", "title": "", "text": "| For the years ended December 31, 2012 2011 2010 | In thousands of dollars | Long-term debt and lease obligations | Short-term debt | Capitalized interest | Interest expense, gross | Interest income | Interest expense, net |"}
{"_id": "d822f8178", "title": "", "text": "| 2013 Quarters 2012 Quarters | (Dollars in millions) | Average balance sheet | Total loans and leases | Total assets | Total deposits | Long-term debt | Common shareholders’ equity | Total shareholders’ equity | Asset quality-4 | Allowance for credit losses-5 | Nonperforming loans, leases and foreclosed properties-6 | Allowance for loan and lease losses as a percentage of total loans and leases outstanding-6 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases-6 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases, excluding the PCI loan portfolio-6 | Amounts included in allowance that are excluded from nonperforming loans and leases-7 | Allowance as a percentage of total nonperforming loans and leases, excluding amounts included in the allowance that are excluded from nonperforming loans and leases-7 | Net charge-offs-8 | Annualized net charge-offs as a percentage of average loans and leases outstanding-6, 8 | Annualized net charge-offs as a percentage of average loans and leases outstanding, excluding the PCI loan portfolio-6 | Annualized net charge-offs and PCI write-offs as a percentage of average loans and leases outstanding-6, 9 | Nonperforming loans and leases as a percentage of total loans and leases outstanding-6 | Nonperforming loans, leases and foreclosed properties as a percentage of total loans, leases and foreclosed properties-6 | Ratio of the allowance for loan and lease losses at period end to annualized net charge-offs-8 | Ratio of the allowance for loan and lease losses at period end to annualized net charge-offs, excluding the PCI loan portfolio | Ratio of the allowance for loan and lease losses at period end to annualized net charge-offs and PCI write-offs-9 | Capital ratios at period end-10 | Risk-based capital: | Tier 1 common capital | Tier 1 capital | Total capital | Tier 1 leverage | Tangible equity-3 | Tangible common equity-3 |"}
{"_id": "d8af691c0", "title": "", "text": "| (in millions) December 31, 2015 Netinflows (outflows) Acquisition-1 Market change FX impact-2 December 31, 2016 Full yearaverage AUM-3 | Active: | Equity | Fixed income | Multi-asset | Alternatives | Active subtotal | Index andiSharesETFs: | iSharesETFs: | Equity | Fixed income | Multi-asset | Alternatives | iSharesETFs subtotal | Non-ETF Index | Equity | Fixed income | Multi-asset | Alternatives | Non-ETF Index subtotal | Index &iSharesETFs subtotal | Long-term | Cash management | Advisory-4 | Total | (in millions) | Equity | Fixed income | Multi-asset | Alternatives: | Core | Currency and commodities-5 | Alternatives subtotal | Long-term | Cash management | Advisory-4 | Total |"}
{"_id": "d8bd31654", "title": "", "text": "| As of December 31, | (dollars in millions) | Commitment amount: | Undrawn commitments to extend credit | Financial standby letters of credit | Performance letters of credit | Commercial letters of credit | Marketing rights | Risk participation agreements | Residential mortgage loans sold with recourse | Total |"}
{"_id": "d821eba82", "title": "", "text": "| 2006 2007 2008 2009 2010 | CME Group Inc. | S&P 500 | Old Peer Group | New Peer Group |"}
{"_id": "d8aec2f00", "title": "", "text": "improved efficiencies in manufacturing production and favorable foreign currency impact of lower Euro as much of our manufacturing is performed in Germany.\nResearch and Development Expenses Research and development expenses for fiscal 2016 increased by $13.8 million, or 38%, to $49.8 million from $36.0 million in fiscal 2015.\nThe increase in research and development expenses was primarily due to product development initiatives on our existing products and new technologies, increased clinical spending primarily related to our cVAD Registry?\nand post approval studies, a focus on quality initiatives for our Impella devices and a full year of activities related to our ECP purchase that was completed in July 2014.\nSelling, General and Administrative Expenses Selling, general and administrative expenses for fiscal 2016 increased by $38.6 million, or 31%, to $164.3 million from $125.7 million in fiscal 2015.\nThe increase in selling, general and administrative expenses was primarily due to the hiring of additional U. S.  field sales and clinical personnel, increased spending on marketing initiatives as we continue to educate physicians on the benefits of hemodynamic support after receiving PMA approval for Impella 2.5, higher stock-based compensation expense and higher professional fees to support the growth of our business.\nIncome Tax Provision We recorded an income tax provision of $27.7 million in fiscal 2016 compared to an income tax benefit of $84.9 million in fiscal 2015.\nThe increase in income tax provision for fiscal 2016 was due to the fact that we had a full valuation allowance on most of our federal, state and certain foreign deferred tax assets prior to March 31, 2015, at which time most of the valuation allowance was reversed.\nThe income tax provision for fiscal 2016 was primarily due to the income before taxes of $65.8 million generated in fiscal 2016, primarily in the U. S.  and Germany.\nThe income tax benefit in fiscal 2015 was comprised of an $87.1 million deferred tax benefit primarily due to the release of our valuation allowance on certain of our deferred tax assets in the year ended March 31, 2015, partially offset by a current income tax provision of $2.2 million in U.\nS and Germany.\nNet Income During fiscal 2016, we recognized net income of $38.1 million, or $0.90 per basic share and $0.85 per diluted share, compared to $113.7 million, or $2.80 per basic share and $2.65 per diluted share for fiscal 2015.\nOur net income for fiscal 2016 was driven primarily to higher Impella product revenue due to greater utilization of our Impella devices in the U. S.  and Europe, partially offset by the increase in income tax provision for fiscal 2016 due to the fact that we had a full valuation allowance on most of our deferred tax assets prior to March 31, 2015, at which time most of the valuation allowance was reversed.\nOur net income for fiscal 2015 included an income tax benefit of $84.9 million, primarily due to the release of our valuation allowance on certain of our deferred tax assets."}
{"_id": "d8684b77a", "title": "", "text": "Liquidity Risk Management Citigroup runs a centralized treasury model where the overall balance sheet is managed by Citigroup Treasury through Global Franchise Treasurers and Regional Treasurers.\nDay-to-day liquidity and funding are managed by treasurers at the country and business level and are monitored by Corporate Treasury and Citi risk management.\nLiquidity management is the responsibility of senior management through Citigroup’s Finance and Asset and Liability Committee (FinALCO) and is overseen by the Board of Directors through its Risk Management and Finance Committee.\nAsset and liability committees are also established globally and for each region, country and/or major line of business.\nLiquidity Measures and Stress Testing Citi uses multiple measures in monitoring its liquidity, including liquidity ratios, stress testing and liquidity limits, each as described below.\nIn broad terms, the structural liquidity ratio, defined as the sum of deposits, long-term debt and stockholders’ equity as a percentage of total assets, measures whether the asset base is funded by sufficiently long-dated liabilities.\nCiti’s structural liquidity ratio was 73% at December 31, 2010, 71% at September 30, 2010, and 73% at December 31, 2009.\nAnother measure of Citi’s structural liquidity is cash capital.\nCash capital is a more detailed measure of the ability to fund the structurally illiquid portion of Citigroup’s balance sheet.\nCash capital measures the amount of long-term funding—or core customer deposits, long-term debt (over one year) and equity—available to fund illiquid assets.\nIlliquid assets generally include loans (net of securitization adjustments), securities haircuts and other assets (i. e. , goodwill, intangibles, fixed assets).\nAt December 31, 2010, both the non-bank and the aggregate bank subsidiaries had a significant excess of cash capital.\nIn addition, as of December 31, 2010, the non-bank maintained liquidity to meet all maturing obligations significantly in excess ofa one-year period without access to the unsecured wholesale markets.\nLiquidity stress testing is performed for each major entity, operating subsidiary and/or country.\nStress testing and scenario analyses are intended to quantify the potential impact of a liquidity event on the balance sheet and liquidity position, and to identify viable funding alternatives that can be utilized.\nThese scenarios include assumptions about significant changes in key funding sources, market triggers (such as credit ratings), potential uses of funding and political and economic conditions in certain countries.\nThese conditions include standard and stressed market conditions as well as firm-specific events.\nA wide range of liquidity stress tests are important for monitoring purposes.\nSome span liquidity events over a full year, some may cover an intense stress period of one month, and still other time frames may be appropriate.\nThese potential liquidity events are useful to ascertain potential mis-matches between liquidity sources and uses over a variety of horizons (overnight, one week, two week, one month, three month, one year), and liquidity limits are set accordingly.\nTo monitor the liquidity of a unit, those stress tests and potential mismatches may be calculated with varying frequencies, with several important tests performed daily.\nGiven the range of potential stresses, Citi maintains a series of Contingency Funding Plans on a consolidated basis as well as for individual entities.\nThese plans specify a wide range of readily available actions that are available in a variety of adverse market conditions, or idiosyncratic disruptions.\nCredit Ratings Citigroup’s ability to access the capital markets and other sources of funds, as well as the cost of these funds and its ability to maintain certain deposits, is dependent on its credit ratings.\nThe table below indicates the current ratings for Citigroup and Citibank, N. A.  Citigroup’s Debt Ratings as of December 31, 2010"}
{"_id": "d88465f0a", "title": "", "text": "| Period Total Number ofSharesPurchased [a] AveragePrice PaidPer Share Total Number of SharesPurchased as Part ofaPublicly Announced Planor Program [b] Maximum Number ofShares That May YetBe Purchased Under the Planor Program [b] | Oct. 1 through Oct. 31 | Nov. 1 through Nov. 30 | Dec. 1 through Dec. 31 | Total |"}
{"_id": "d8d575d1e", "title": "", "text": "Our comparable store sales decline in fiscal 2009 reflected a decrease in customer traffic.\nPartially offsetting the decline in traffic was an increase in the average ticket as our revenue mix continued to shift toward large-ticket items, such as notebook computers and mobile phones.\nProducts having the largest impact on the fiscal 2009 comparable store sales decline include digital cameras, tube and projection televisions, DVDs and CDs, partially offset by gains in notebook computers, flat-panel televisions and mobile phones.\nRevenue from our online operations increased more than 21% in fiscal 2009 and partially offset the overall comparable store sales decline.\nOur gross profit rate in fiscal 2009 increased by 0.5% of revenue to 24.4% of revenue.\nThe gross profit rate increase for fiscal 2009 was due to increases in both our Domestic and International segments gross profit rates.\nThe acquisition of Best Buy Europe increased our gross profit rate by 0.4% of revenue for fiscal 2009.\nFor further discussion of each segments gross profit rate changes, see the Segment Performance Summary for Domestic and International below.\nOur SG&A rate in fiscal 2009 increased by 1.5% of revenue to 20.0% of revenue.\nThe SG&A rate increase for fiscal 2009 was due to an increase in both our Domestic and International segments SG&A rates.\nThe acquisition of Best Buy Europe increased our SG&A rate by 0.7% of revenue for fiscal 2009.\nFor further discussion of each segments SG&A rate changes, see the Segment Performance Summary for Domestic and International below.\nOur operating income in fiscal 2009 also included restructuring and goodwill and tradename impairment charges recorded in the fiscal fourth quarter.\nThe $78 million restructuring charge related primarily to employee termination benefits offered pursuant to voluntary and involuntary separation programs at our corporate headquarters and certain other locations.\nThe restructuring charges were recorded as a result of measures we took to create a more effective and efficient operating cost structure and to support our fiscal 2010 strategic priorities.\nThe $66 million goodwill and tradename impairment charges related to impairment of our Speakeasy business recorded as a result our annual test of goodwill for impairment.\nFiscal 2008 Results Compared With Fiscal 2007 Fiscal 2008 net earnings were slightly more than $1.4 billion, or $3.12 per diluted share, compared with nearly $1.4 billion, or $2.79 per diluted share, in fiscal 2007.\nThe modest increase in net earnings was driven by revenue growth and a decrease in our SG&A rate, offset by a decrease in our gross profit rate and a higher effective income tax rate.\nThe increase in net earnings per diluted share was due primarily to the lower average number of shares outstanding, resulting from our share repurchases in fiscal 2008.\nRevenue in fiscal 2008 increased 11% to $40.0 billion, compared with $35.9 billion in fiscal 2007.\nThe increase resulted primarily from the net addition of 137 new Best Buy, Future Shop, Five Star, Pacific Sales and Best Buy Mobile stores during fiscal 2008, a full year of revenue from new stores added in fiscal 2007, a 2.9% comparable store sales gain and the non-comparable store sales generated from the acquisition of Five Star, Pacific Sales and Speakeasy.\nThe remainder of the revenue increase was due primarily to the favorable effect of fluctuations in foreign currency exchange rates.\nExcluding the impact of the extra week in fiscal 2007, the net addition of new stores during the past fiscal year accounted for more than one-half of the revenue increase in fiscal 2008; the comparable store sales gain accounted for more than twotenths of the revenue increase; the non-comparable store sales generated from the acquisition of Five Star, Pacific Sales and Speakeasy accounted for more than one-tenth of the revenue increase; and the remainder of the revenue increase was due to the favorable effect of fluctuations in foreign currency exchange rates."}
{"_id": "d88863c6a", "title": "", "text": "| Years ended December 31, Federal State | 2008 to 2012 | 2013 to 2017 | 2018 to 2022 | 2023 to 2027 | Total |"}
{"_id": "d871ce2ca", "title": "", "text": "Deferred Income Taxes The tax effects of major temporary differences resulting in deferred income tax assets (liabilities) in the consolidated balance sheets is in the following table."}
{"_id": "d8f65b948", "title": "", "text": "| Price Range | High | Fiscal 2017 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Fiscal 2018 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Fiscal 2019 | First Quarter (through October 10, 2018) |"}
{"_id": "d829d9be0", "title": "", "text": "Reconciliations of non-GAAP adjusted measures are presented under \nNet Operating Revenues by Operating Segment Information about our net operating revenues by operating segment as a percentage of Company net operating revenues is as follows:"}
{"_id": "d871ce36a", "title": "", "text": "General and Administrative.\nGeneral and administrative expenses consist of the salaries, benefits and related costs of our executive, finance, information technology, human resource and legal personnel, third-party professional service fees, bad debt charges, facilities and depreciation expenses.\nGeneral and administrative expense increased 2.2% in fiscal year 2018, compared to the prior year.\nThe increase in general and administrative expense for fiscal year 2018 was primarily due to an increase in personnel costs of $1.7 million, compared to the prior year, and an increase in taxes of $3.1 million, compared to the prior year.\nIn fiscal year 2017, general and administrative expense increased 13.3% compared to the prior year.\nThe increase in general and administrative expense for fiscal year 2017 was primarily due to an increase in personnel costs of $7.4 million, compared to the prior year.\nGeneral and administrative headcount at the end of fiscal year 2018 increased to 475 from 471 at the end of fiscal year 2017 and 447 at the end of fiscal year 2016.\nGeneral and administrative expense included stock-based compensation expense of $27.9 million, $30.8 million and $24.5 million for fiscal years 2018, 2017 and 2016, respectively."}
{"_id": "d82b41fe6", "title": "", "text": "| 2003 2002 2001 | (Millions) | Computation Products | Memory Products | All Other | Total |"}
{"_id": "d816429f6", "title": "", "text": "Distribution Services In the third quarter of 2002, we completed a previously announced strategic review of our Distribution Services business and decided to exit that business.\nWe completed that exit during the fourth quarter of 2002 through a combination of transferring certain facilities, closing other facilities and other suitable arrangements.\nIn the year ended"}
{"_id": "d88a70f80", "title": "", "text": "| Asbestos Cases | As of December 31, 2009 | Case adjustments | New cases filed | Resolved cases | As of December 31, 2010 |"}
{"_id": "d8956daaa", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) NOTE 10SHAREHOLDERS EQUITY On April 23, 2010, our Board of Directors approved a share repurchase program that authorized the purchase of up to $100.0 million of Global Payments stock in the open market or as otherwise may be determined by us, subject to market conditions, business opportunities, and other factors.\nUnder this authorization, we repurchased 2,382,890 shares of our common stock at a cost of $100.0 million, or an average of $41.97 per share, including commissions.\nRepurchased shares are held as treasury stock.\nIn addition, we have $13.0 million remaining under the authorization from our original share repurchase program initiated during fiscal 2007.\nThese repurchased shares were retired and are available for future issuance.\nWe did not repurchase shares under this plan in fiscal 2010.\nThis authorization has no expiration date and may be suspended or terminated at any time."}
{"_id": "d8ed6daca", "title": "", "text": "Financial Instruments, Excluding Derivative Financial Instruments Included in PPG¡¯s financial instrument portfolio are cash and cash equivalents, cash held in escrow, marketable equity securities, company-owned life insurance and short- and long-term debt instruments.\nThe fair values of the financial instruments approximated their carrying values, in the aggregate, except for long-term debt.\nLong-term debt (excluding capital lease obligations), had carrying and fair values totaling $3,122 million and $3,035 million, respectively, as of December 31, 2008.\nThe corresponding amounts as of December 31, 2007, were $1,201 million and $1,226 million, respectively.\nThe fair values of the debt instruments were based on discounted cash flows and interest rates currently available to the Company for instruments of the same remaining maturities."}
{"_id": "d8200a63c", "title": "", "text": "The acquisition also provides for a two-year earn out.\nThe earn-out will be payable in two annual cash installments equal to the incremental revenue growth in Suros’ business in the two years following the closing.\nThe Company has considered the provision of EITF Issue No.95-8, Accounting for Contingent Consideration Paid to the Shareholders of and Acquired Enterprise in a Purchase Business Combination, and concluded that this contingent consideration represents additional purchase price.\nAs a result, goodwill will be increased by the amount of the additional consideration, if any, when it becomes due and payable.\nAs part of the purchase price allocation, all intangible assets that were a part of the acquisition were identified and valued.\nIt was determined that only customer lists, trademarks and developed technology had separately identifiable values.\nCustomer relationships represents Suros large installed base that are expected to purchase disposable products on a regular basis.\nTrademarks represent the Suros product names that the Company intends to continue to use.\nDeveloped technology represents currently marketable purchased products that the Company continues to resell as well as utilize to enhance and incorporate into the Company’s existing products.\nThe estimated $4,900 of purchase price allocated to in-process research and development projects primarily related to Suros’ Disposable products.\nThe projects are of various stages of completion and include next generation handpiece and site marker technologies.\nThe Company expects that these projects will be completed during fiscal 2007.\nThe deferred income tax liability relates to the tax effect of acquired identifiable intangible assets, and fair value adjustments to acquired inventory as such amounts are not deductible for tax purposes, partially offset by acquired net operating loss carry forwards that the Company believes are realizable.\nFor all of the acquisitions discussed above, goodwill represents the excess of the purchase price over the net identifiable tangible and intangible assets acquired.\nThe Company determined that the acquisition of each AEG, R2 and Suros resulted in the recognition of goodwill primarily because of synergies unique to the Company and the strength of its acquired workforce."}
{"_id": "d8ed76530", "title": "", "text": "| Shares Weighted Average Grant-Date Fair Value | Nonvested restricted stock at December 31, 2006 | Granted | Vested | Forfeited | Nonvested restricted stock at December 31, 2007 |"}
{"_id": "d87dd6c84", "title": "", "text": "| Payments Due by Period | Total | (in millions) | Debt | Interest -1 | Operating leases -2 | Purchase obligations -3 | Future policy benefits payable and other long-term liabilities -4 | Total |"}
{"_id": "d8aaa2ace", "title": "", "text": "| Three Months Ended During 2007 | March 31 | (in thousands, except share data, unaudited) | Total revenues | Income before income taxes, equity income from unconsolidated joint ventures and minority interests' share in earnings | Total discontinued operations | Net income applicable to common shares | Dividends paid per common share | Basic earnings per common share | Diluted earnings per common share |"}
{"_id": "d8ea046c2", "title": "", "text": "BUSINESS SEGMENTS The following discussion presents an analysis of the results of operations of our reportable business segments: North American Full-Service, North American Limited-Service, and Asia Pacific.\nIn the 2017 first quarter, our Asia Pacific operating segment met the applicable accounting criteria to be a reportable segment.\nOur Europe, Middle East and Africa, and Caribbean and Latin America operating segments do not individually meet the criteria for separate disclosure as reportable segments, and accordingly we have not included those operations in this discussion of our Business Segments.\nSee Footnote 18 “Business Segments” to our Financial Statements for other information about each segment, including revenues and a reconciliation of segment profits to net income.\nOur 2016 results in this section do not include any Legacy-Starwood results for the period between the Merger Date and the end of the 2016 third quarter, as we did not allocate any Legacy-Starwood results to our segments for the eight days ended September 30, 2016."}
{"_id": "d88aec84c", "title": "", "text": "NOTE 13 - STOCKHOLDERS EQUITY Preferred Stock The Company had 100,000,000 shares authorized and 250,000 shares outstanding of $25.00 par value undesignated preferred stock as of December 31, 2016 and 2015.\nThe Board of Directors or any authorized committee thereof are authorized to provide for the issuance of these shares in one or more series, and by filing a certificate pursuant to applicable law of the State of Delaware, to establish or change from time to time the number of shares of each such series, and to fix the designations, powers, including voting powers, full or limited, or no voting powers, preferences and the relative, participating, optional or other special rights of the shares of each series and any qualifications, limitations and restrictions thereof.\nOn April 6, 2015, the Company issued $250 million, or 250,000 shares, of 5.500% fixed-to-floating rate non-cumulative perpetual Series A Preferred Stock, par value of $25.00 per share with a liquidation preference $1,000 per share (the Series A Preferred Stock) to the initial purchasers in reliance on the exemption from registration provided by Section (4)(a)(2) of the Securities Act of 1933, as amended, for resale pursuant to Rule 144A and Regulation S under the Securities Act of 1933, as amended.\nAs a result of this issuance, the Company received net proceeds of $247 million after underwriting discount.\nThe Series A Preferred Stock has no stated maturity and is not subject to any sinking fund or other obligation of the Company.\nHolders of the Series A Preferred Stock will be entitled to receive dividend payments when, and if, declared by the Companys Board of Directors or a duly authorized committee thereof.\nAny such dividends will be payable on a semi-annual basis at an annual rate equal to 5.500%.\nOn April 6, 2020, the Series A Preferred Stock converts to a quarterly floating-rate basis equal to three-month U. S.  dollar LIBOR on the related dividend determination date plus 3.960%.\nCitizens may redeem the Series A Preferred Stock, in whole or in part on any dividend payment date, on or after April 6, 2020 or, in whole but not in part, at any time within 90 days following a regulatory capital treatment event at a redemption price equal to $1,000 per share, plus any declared and unpaid dividends, without accumulation of any undeclared dividends.\nCitizens may not redeem shares of the Series A Preferred Stock without obtaining the prior approval of the FRBG if then required under applicable capital guidelines.\nShares of the Series A Preferred Stock have priority over the Company's common stock with regard to the payment of dividends and, as such, the Company may not pay dividends on or repurchase, redeem, or otherwise acquire for consideration shares of its common stock unless dividends for the latest completed dividend period for the Series A Preferred Stock have been declared and paid (or declared and sufficient funds have been set aside to make payment).\nExcept in certain limited circumstances, the Series A Preferred Stock does not have any voting rights."}
{"_id": "d8d8c159a", "title": "", "text": "operating lease agreements.\nIncluded in these amounts was contingent rent expense of $3.6 million, $2.0 million and $0.6 million for the years ended December 31, 2011, 2010 and 2009, respectively.\nThe operating lease obligations included above do not include any contingent rent."}
{"_id": "d8d590b32", "title": "", "text": "PART III ITEM 14.\nCONTROLS AND PROCEDURES Within the 90-day period prior to the filing of this report, an evaluation was carried out under the supervision and with the participation of the Companys management, including the Chief Executive Officer and Chief Financial Officer, of the effectiveness of the design and operation of the Companys disclosure controls and procedures (as defined in Rule 13a-14(c) under the Securities Exchange Act of 1934).\nBased on that evaluation, the Chief Executive Officer and Chief Financial Officer concluded that the design and operation of these disclosure controls and procedures were effective.\nThere have been no significant changes in the Companys internal controls or in other factors that could significantly affect these controls subsequent to the date of their evaluation."}
{"_id": "d8785f10c", "title": "", "text": "Table of Contents acquisitions, an increase of $4.0 million in variable compensation due to higher shipments and higher functionally allocated expenses of $2.0 million.\nThe increase in sales and marketing expense for fiscal 2013 compared with fiscal 2012 was due to increases in personnel-related costs of $15.9 million primarily driven by headcount increases, $2.0 million in marketing activities, and $1.4 million in maintenance.\nThe increase in sales and marketing expenses was partially offset by an additional week of expenses of approximately $4.9 million in fiscal 2012 and a $5.2 million reduction in acquisitionrelated costs compared to fiscal 2012.\nChanges in other sales and marketing expense categories for the above mentioned periods were not individually material."}
{"_id": "d89f26ed4", "title": "", "text": "| Nonvested Shares and Nonvested Share Units Performance-Based Nonvested Share Units | Shares | Outstanding, beginning of the year | Granted | Released | Forfeited | Outstanding, end of the year |"}
{"_id": "d8a6a4102", "title": "", "text": "| December 31, 2007 December 31, 2006 | Fair Value | (In millions) | Segregated investments | Other interest sensitive investments | Total |"}
{"_id": "d8bb68444", "title": "", "text": "| Year Ended December 31, | 2009 | (In $ millions) | Income tax provision computed at US federal statutory tax rate | Increase (decrease) in taxes resulting from: | Change in valuation allowance | Equity income and dividends | Expenses not resulting in tax benefits | US tax effect of foreign earnings and dividends | Other foreign tax rate differentials-1 | Legislative changes | Tax-deductible interest on foreign equity instruments & other related items | State income taxes and other | Income tax provision (benefit) |"}
{"_id": "d8c692c3e", "title": "", "text": "WESTROCK COMPANY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) 132 Our results of operations for the fiscal years ended September 30, 2019, 2018 and 2017 include share-based compensation expense of $64.2 million, $66.8 million and $60.9 million, respectively, including $2.9 million included in the gain on sale of HH&B in fiscal 2017.\nShare-based compensation expense in fiscal 2017 was reduced by $5.4 million for the rescission of shares granted to our CEO that were inadvertently granted in excess of plan limits in fiscal 2014 and 2015.\nThe total income tax benefit in the results of operations in connection with share-based compensation was $16.3 million, $19.4 million and $22.5 million, for the fiscal years ended September 30, 2019, 2018 and 2017, respectively.\nCash received from share-based payment arrangements for the fiscal years ended September 30, 2019, 2018 and 2017 was $61.5 million, $44.4 million and $59.2 million, respectively.\nEquity Awards Issued in Connection with Acquisitions In connection with the KapStone Acquisition, we replaced certain outstanding awards of restricted stock units granted under the KapStone long-term incentive plan with WestRock stock options and restricted stock units.\nNo additional shares will be granted under the KapStone plan.\nThe KapStone equity awards were replaced with awards with identical terms utilizing an approximately 0.83 conversion factor as described in the Merger Agreement.\nThe acquisition consideration included approximately $70.8 million related to outstanding KapStone equity awards related to service prior to the effective date of the KapStone Acquisition  the balance related to service after the effective date will be expensed over the remaining service period of the awards.\nAs part of the KapStone Acquisition, we issued 2,665,462 options that were valued at a weighted average fair value of $20.99 per share using the Black-Scholes option pricing model.\nThe weighted average significant assumptions used were:"}
{"_id": "d8cd8aac8", "title": "", "text": "Entergy Corporation and Subsidiaries Notes to Financial Statements (a) Consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral first mortgage bonds.\n(b) These notes do not have a stated interest rate, but have an implicit interest rate of 4.8%.\n(c) Pursuant to the Nuclear Waste Policy Act of 1982, Entergys nuclear owner/licensee subsidiaries have contracts with the DOE for spent nuclear fuel disposal service.\nThe contracts include a one-time fee for generation prior to April 7, 1983.\nEntergy Arkansas is the only Entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee, plus accrued interest, in long-term debt.\n(d) See Note 10 to the financial statements for further discussion of the Waterford 3 and Grand Gulf lease obligations.\n(e) The fair value excludes lease obligations of $149 million at Entergy Louisiana and $97 million at System Energy, long-term DOE obligations of $181 million at Entergy Arkansas, and the note payable to NYPA of $95 million at Entergy, and includes debt due within one year.\nFair values are classified as Level 2 in the fair value hierarchy discussed in Note 16 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.\nThe annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December 31, 2013, for the next five years are as follows:"}
{"_id": "d888eaaee", "title": "", "text": "OTHER MATTERS Labor Agreements – In January 2010, the nation’s largest freight railroads began the current round of negotiations with the labor unions.\nGenerally, contract negotiations with the various unions take place over an extended period of time.\nThis round of negotiations was no exception.\nIn September 2011, the rail industry reached agreements with the United Transportation Union.\nOn November 5, 2011, a Presidential Emergency Board (PEB) appointed by President Obama issued recommendations to resolve the disputes between the U. S.  railroads and 11 unions that had not yet reached agreements.\nSince then, ten unions reached agreements with the railroads, all of them generally patterned on the recommendations of the PEB, and the unions subsequently ratified these agreements.\nThe railroad industry reached a tentative agreement with the Brotherhood of Maintenance of Way Employees (BMWE) on February 2, 2012, eliminating the immediate threat of a national rail strike.\nThe BMWE now will commence ratification of this tentative agreement by its members.\nInflation – Long periods of inflation significantly increase asset replacement costs for capital-intensive companies.\nAs a result, assuming that we replace all operating assets at current price levels, depreciation charges (on an inflation-adjusted basis) would be substantially greater than historically reported amounts.\nDerivative Financial Instruments – We may use derivative financial instruments in limited instances to assist in managing our overall exposure to fluctuations in interest rates and fuel prices.\nWe are not a party to leveraged derivatives and, by policy, do not use derivative financial instruments for speculative purposes.\nDerivative financial instruments qualifying for hedge accounting must maintain a specified level of effectiveness between the hedging instrument and the item being hedged, both at inception and throughout the hedged period.\nWe formally document the nature and relationships between the hedging instruments and hedged items at inception, as well as our risk-management objectives, strategies for undertaking the various hedge transactions, and method of assessing hedge effectiveness.\nChanges in the fair market value of derivative financial instruments that do not qualify for hedge accounting are charged to earnings.\nWe may use swaps, collars, futures, and/or forward contracts to mitigate the risk of adverse movements in interest rates and fuel prices; however, the use of these derivative financial instruments may limit future benefits from favorable price movements.\nNOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - (CONTINUED) 62 Based on our interim quantitative impairment assessment as of June 30, 2018, the carrying value of the EMEA reporting unit exceeded its fair value by $579 million and we recorded a goodwill impairment charge in this amount in 2018.\nFuture impairments could result if the reporting unit experiences further deterioration in business performance or if there is a significant change in other qualitative or quantitative factors, including an increase in discount rates or a decrease in forecasted EBIT margin.\nAnnual impairment assessment We completed our annual impairment test for goodwill as of October 1, 2018.\nThe Company elected to bypass the qualitative assessment and perform a quantitative assessment to evaluate goodwill for all our reporting units.\nBased on the quantitative assessment we determined there was no impairment of goodwill.\nOther Intangible Assets The following table summarizes other intangible assets for the period presented:"}
{"_id": "d8d8c1504", "title": "", "text": "| Accumulated OCI Components Income Statement Line Item Impacted 2015 2014 2013 | Available-for-sale debt securities: | Gains on sales of debt securities | Other loss | Income before income taxes | Income tax expense | Reclassification to net income | Available-for-sale marketable equity securities: | Equity investment income | Income before income taxes | Income tax expense | Reclassification to net income | Debit valuation adjustments: | Other loss | Loss before income taxes | Income tax benefit | Reclassification to net income | Derivatives: | Interest rate contracts | Commodity contracts | Interest rate contracts | Equity compensation contracts | Loss before income taxes | Income tax benefit | Reclassification to net income | Employee benefit plans: | Prior service cost | Net actuarial losses | Settlements and curtailments | Loss before income taxes | Income tax benefit | Reclassification to net income | Foreign currency: | Other income (loss) | Income (loss) before income taxes | Income tax expense (benefit) | Reclassification to net income | Total reclassification adjustments |"}
{"_id": "d895ff2de", "title": "", "text": "| Year Ended December 31, | (millions of dollars, except share and per share data) | Operating results | Net sales | Operating income (c) | Net earnings (loss) attributable to BorgWarner Inc. (c) | Earnings (loss) per share — basic | Earnings (loss) per share — diluted | Net R&D expenditures | Capital expenditures, including tooling outlays | Depreciation and tooling amortization | Number of employees | Financial position | Cash | Total assets | Total debt | Common share information | Cash dividend declared and paid per share | Market prices of the Company's common stock | High | Low | Weighted average shares outstanding (thousands) | Basic | Diluted |"}
{"_id": "d8cadcb32", "title": "", "text": "| Amount | 2019 | 2020 | 2021 | 2022 | 2023 | Thereafter | Gross Assets/Liabilities-1 | (Dollars in millions) | Securities borrowed or purchased under agreements to resell-3 | Securities loaned or sold under agreements to repurchase | Other-4 | Total | December 31, 2016 | Securities borrowed or purchased under agreements to resell-3 | Securities loaned or sold under agreements to repurchase | Other-4 | Total | Overnight and Continuous | (Dollars in millions) | Securities sold under agreements to repurchase | Securities loaned | Other | Total | December 31, 2016 | Securities sold under agreements to repurchase | Securities loaned | Other | Total | Global Corporate Banking | (Dollars in millions) | Revenue | Business Lending | Global Transaction Services | Total revenue, net of interest expense | Balance Sheet | Average | Total loans and leases | Total deposits | Year end | Total loans and leases | Total deposits | Global Banking | (Dollars in millions) | Products | Advisory | Debt issuance | Equity issuance | Gross investment banking fees | Self-led deals | Total investment banking fees |"}
{"_id": "d8e3eb8f8", "title": "", "text": "| -1 (2) December 31, 2010 December 31, 2009 | NAIC Designation | (in millions) | 1 | 2 | Subtotal High or Highest Quality Securities | 3 | 4 | 5 | 6 | Subtotal Other Securities-4 | Total Public Fixed Maturities |"}
{"_id": "d81a04f9e", "title": "", "text": "| Fourth Quarter | (Amounts in millions) | Segment net sales | Cost of goods sold | Gross profit | Operating expenses | Segment operating earnings |"}
{"_id": "d8e2b4bd8", "title": "", "text": "| 2010 2009 | Financial Services Businesses | ASSETS | Fixed maturities, available for sale, at fair value | Fixed maturities, held to maturity, at amortized cost | Trading account assets supporting insurance liabilities, at fair value | Other trading account assets, at fair value | Equity securities, available for sale, at fair value | Commercial mortgage and other loans | Policy loans | Other long-term investments | Short-term investments | Total investments | Cash and cash equivalents | Accrued investment income | Deferred policy acquisition costs | Other assets | Separate account assets | TOTAL ASSETS | LIABILITIES AND EQUITY | LIABILITIES | Future policy benefits | Policyholders’ account balances | Policyholders’ dividends | Securities sold under agreements to repurchase | Cash collateral for loaned securities | Income taxes | Short-term debt | Long-term debt | Other liabilities | Separate account liabilities | Total liabilities | COMMITMENTS AND CONTINGENT LIABILITIES | EQUITY | Accumulated other comprehensive income (loss) | Other attributed equity | Total attributed equity | Noncontrolling interests | Total equity | TOTAL LIABILITIES AND EQUITY |"}
{"_id": "d8d0595ba", "title": "", "text": "We continue to manage for profitable flows and will make changes that may impact flows to improve the overall economics.\nThese may include changing the share classes we offer in various distribution channels or altering fee structures.\nThis may result in outflows in 2013 as these changes go into effect, however it would have a nominal impact on margins as we move to more attractive arrangements.\nThreadneedle managed assets increased $14.2 billion, or 13%, during the year ended December 31, 2012 due to market appreciation, as well as a positive impact from foreign currency translation.\nThreadneedle retail funds increased $7.3 billion, or 23%, in 2012 due to market appreciation of $3.2 billion, net inflows of $2.3 billion, and a $1.6 billion positive impact from foreign currency translation.\nThreadneedle institutional AUM increased $7.0 billion, or 9%, in 2012 due to market appreciation of $4.9 billion and a $3.7 billion positive impact from foreign currency translation, partially offset by net outflows of $4.1 billion.\nThreadneedle institutional net outflows included $3.8 billion of outflows from a closed book of insurance assets and $0.9 billion from the retender of low margin pension assets, partially offset by inflows from institutional mandates from clients in the Middle East and Africa.\nInvestment performance in equity and fixed income portfolios across Columbia and Threadneedle continues to be strong.\nLike others in the industry, we continued to see inflows in fixed income and outflows in equity.\nAverage segment AUM increased $3.7 billion, or 1%, from the prior year due to market appreciation, partially offset by net outflows."}
{"_id": "d8d2957ac", "title": "", "text": "Financing Activities.\nCash used in financing activities decreased $1.4 billion.\nChanges in cash from financing activities resulted primarily from lower share repurchase activity and prior year customer deposit activity, partially offset by the issuance of debt in the prior year.\nCASH REQUIREMENTS  Dividends and Share Repurchase.\nReturning capital to shareholders in the form of dividends and the repurchase of outstanding shares has historically been a significant component of our capital allocation plan.\nWe have consistently paid quarterly dividends.\nDividends paid totaled $187.1 million, $201.7 million and $220.0 million in fiscal years 2017, 2016 and 2015, respectively.\nThe decline from the prior years is due to lower outstanding shares as a result of share repurchase activity.\nAlthough we have historically paid dividends and plan to continue to do so, there can be no assurances that circumstances will not change in the future that could affect our ability or decisions to pay dividends.\nIn September 2015, we announced that our Board of Directors approved a $3.5 billion share repurchase program, effective through June 2019.\nAs a part of the repurchase program, in the current year, we purchased $317.0 million of our common stock at an average price of $22.61 per share.\nSee Item 8, note 8 to the consolidated financial statements for additional information.\nAlthough we may continue to repurchase shares, there is no assurance that we will purchase up to the full Board authorization.\nCapital Investment.\nOur business is not capital intensive.\nCapital expenditures totaled $89.3 million and $99.9 million in fiscal years 2017 and 2016, respectively.\nOur capital expenditures relate primarily to recurring improvements to retail offices, as well as investments in computers, software and related assets.\nIn addition, we expended net cash totaling $54.8 million and $88.8 million in fiscal years 2017 and 2016, respectively, in connection with acquired businesses.\nWe routinely acquire competitor tax businesses and franchisees, and recurring capital allocated to acquisitions consists primarily of this activity.\nFINANCING RESOURCES  Our 2016 CLOC has capacity up to $2.0 billion, and is scheduled to expire in September 2021.\nProceeds under the 2016 CLOC may be used for working capital needs or for other general corporate purposes.\nWe were in compliance with our 2016 CLOC covenants as of April 30, 2017.\nAs of April 30, 2017, amounts available to borrow under the 2016 CLOC were limited by the debt-to-EBITDA covenant to approximately $1.6 billion, however, our cash needs at April 30 generally do not require us to borrow on our CLOC at that time.\nWe had no balance outstanding under the 2016 CLOC as of April 30, 2017.\nSee Item 8, note 6 to the consolidated financial statements for discussion of the Senior Notes and our 2016 CLOC."}
{"_id": "d8a4fbf62", "title": "", "text": "| Project Location Fuel Gross MW AES Equity Interest (Percent, Rounded) | AES Solar-1 | Angamos | Changuinola | Kumkoy-2 | Laurel Mountain | Maritza | Sao Joaquim | Trinidad-3 |"}
{"_id": "d8816feb8", "title": "", "text": "(1) Includes effect of commodity derivative instruments previously accounted for as cash flow hedges.\nNet derivative gains and losses that were deferred in AOCL as of January 1, 2008, as a result of previous cash flow hedge accounting, were reclassified to oil, gas and NGL sales in our consolidated statements of operations in 2008, 2009 and 2010 as the original hedged transactions occurred."}
{"_id": "d8bb57748", "title": "", "text": "| December 31, Credit exposure Nonperforming(c)(d) | (in millions) | Loans retained | Loans held-for-sale | Loans at fair value | Loans – reported | Derivative receivables | Receivables from customers and other(a) | Total wholesale credit-related assets | Lending-related commitments | Total wholesale credit exposure | Credit Portfolio Management derivatives notional, net(b) | Liquid securities and other cash collateral held against derivatives |"}
{"_id": "d87a987c0", "title": "", "text": "| Three Months Ended | Dec. 31, 2017 | (Unaudited, in thousands) | Reconciliation of Net Income (Loss) to Non-GAAP Net Income: | Net income (loss) | Exclude: Provision for income taxes | Income (loss) before income taxes | Stock-based compensation expense | Amortization of acquired intangible assets | Non-cash interest expense related to convertible notes | Impairment of investments in privately-held companies | Restructuring charges and one-time nonrecurring gain | Non-GAAP income before income taxes | Non-GAAP provision for income taxes | Non-GAAP net income |"}
{"_id": "d848458d6", "title": "", "text": "PART II Cash from Operations Cash from operations is our primary source of funds.\nEarnings and changes in working capital levels are the two broad factors that generally have the greatest impact on our cash from operations.\nAs shown in the chart below (and discussed in the paragraph that follows), most of the variability in cash from operations in recent years has come from changes in working capital."}
{"_id": "d8955ba26", "title": "", "text": "| 2018 2019 2020 2021 2022 Thereafter | $322 |"}
{"_id": "d87a5cb6c", "title": "", "text": "Deferred Compensation Plan—A deferred compensation plan is maintained by CME, under which eligible officers and members of the Board of Directors may contribute a percentage of their compensation and defer income taxes thereon until the time of distribution."}
{"_id": "d86b5f308", "title": "", "text": "| AmountAssigned(in millions) Weighted Average Amortization Period(in years) Risk-Adjusted Discount Rates used in Purchase Price Allocation | Amortizable intangible assets | Technology - core | Technology - developed | Customer relationships | Other | $7,719 | Goodwill | Purchased research and development | Amount (In Millions) | 2010 net revenue | Mark-to-market tax settlement sharing | Retail electric price | Volume/weather | Other | 2011 net revenue |"}
{"_id": "d88d34dfc", "title": "", "text": "THE AES CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) DECEMBER 31, 2012, 2011, AND 2010 Performance Stock UnitsThe Company issues performance stock units (PSUs) to officers under its long-term compensation plan.\nPSUs are restricted stock units of which 50% of the units awarded include a market condition and the remaining 50% include a performance condition.\nVesting will occur if the applicable continued employment conditions are satisfied and (a) for the units subject to the market condition the Total Stockholder Return (TSR) on AES common stock exceeds the TSR of the Standard and Poors 500 Utilities Sector Index over the three-year measurement period beginning on January 1st of the grant year and ending on December 31st of the third year and (b) for the units subject to the performance condition if the Companys actual Adjusted EBITDA meets the performance target over the three-year measurement period beginning on January 1, 2012 and ending on December 31, 2014.\nThe market and performance condition determines the vesting and final share equivalent per PSU and can result in earning an award payout range of 0% to 200%, depending on the achievement.\nIn all circumstances, PSUs granted by AES do not entitle the holder the right, or obligate AES, to settle the restricted stock unit in cash or other assets of AES.\nThe effect of the market condition on PSUs issued to officers of the Company during 2012 is reflected in the awards fair value on the grant date.\nThe results of the valuation estimated the fair value at $19.75 per share, equating to 144% of the Companys closing stock price on the date of grant.\nPSUs that included a market condition granted during the year ended December 31, 2012, 2011 and 2010 had a grant date fair value per RSU of $19.75, $17.68 and $11.57, respectively.\nThe fair value of the PSUs with a performance condition had a grant date fair value of $13.70 equal to the closing price of the Companys stock on the grant date.\nThe Company believes that it is probable that the performance condition will be met; this will continue to be evaluated throughout the performance period.\nIf the fair value of the market condition was not applied to PSUs issued to officers, the total grant date fair value of PSUs granted during the year ended December 31, 2012 would have decreased by $2 million.\nRestricted stock units with a market condition were awarded to officers of the Company prior to 2011 contained only the market condition measuring the TSR on AES common stock.\nThese units were required to be held for an additional two years subsequent to vesting before they could be converted into shares and become transferable.\nThere is no such requirement for the shares granted during 2011 and afterwards."}
{"_id": "d8dd135ee", "title": "", "text": "| 2009 $ 13,267 | 2010 | 2011 | 2012 | 2013 and Thereafter | Total |"}
{"_id": "d879b9ade", "title": "", "text": "| Years Ending December 31, License Agreements Clinical and Manufacturing Development Agreements | 2008 | 2009 | 2010 | 2011 | 2012 | Year ended December 31, | (Dollars in millions) | Other Data: | Client investment funds: | Client directed investment assets | Client investment assets under management | Sweep money market funds | Total client investment funds |"}
{"_id": "d8836be10", "title": "", "text": "| Year Ended December 31, | 2010 | Other Operating Data: | Cash flows from operating activities | Capital expenditures | Proceeds from sales of property and equipment | Balance Sheet Data: | Cash and cash equivalents | Restricted cash and marketable securities | Total assets | Total debt | Total stockholders’ equity |"}
{"_id": "d8670e88a", "title": "", "text": "| 2009 2008 2007 | (Millions of Dollars) | Cash provided by (used in) operating activities | Continuing operations | Discontinued operations | Total |"}
{"_id": "d8622c79a", "title": "", "text": "Sources of Liquidity Shelf Registrations On December 3, 2003, The Hartfords shelf registration statement (Registration No.333-108067) for the potential offering and sale of debt and equity securities in an aggregate amount of up to $3.0 billion was declared effective by the Securities and Exchange Commission.\nThe Registration Statement allows for the following types of securities to be offered: (i) debt securities, preferred stock, common stock, depositary shares, warrants, stock purchase contracts, stock purchase units and junior subordinated deferrable interest debentures of the Company, and (ii) preferred securities of any of one or more capital trusts organized by The Hartford (The Hartford Trusts).\nThe Company may enter into guarantees with respect to the preferred securities of any of The Hartford Trusts.\nIn January 2004, the Company issued approximately 6.7 million shares of common stock pursuant to an underwritten offering at a price to the public of $63.25 per share and received net proceeds of $411.\nOn March 9, 2004, the Company issued $200 of 4.75% senior notes due March 1, 2014.\nAs of December 31, 2004, the Company had $2.4 billion remaining on its shelf."}
{"_id": "d86481b4e", "title": "", "text": "| Interest Rate Exposure to Pretax Income | Interest Rate Increase 100 Basis Points | (in millions) | Asset-based management and distribution fees-1 | Variable annuity riders: | GMWB | GMAB | DAC and DSIC amortization-4 | Total variable annuity riders | Fixed annuities, fixed portion of variable annuities | and fixed insurance products | Brokerage client cash balances | Flexible savings and other fixed rate savings products | Total |"}
{"_id": "d8b33d864", "title": "", "text": "| December 31, 2012 Commercial Agreement VIEs Equity Method Investment VIEs Total | Total assets(a) | Total liabilities(a) | Registrants’ ownership interest(a) | Other ownership interests(a) | Registrants’ maximum exposure to loss: | Letters of credit | Carrying amount of equity method investments | Contract intangible asset | Debt and payment guarantees | Net assets pledged for Zion Station decommissioning(b) | December 31, 2011 | Registrants’ maximum exposure to loss: | Net assets pledged for Zion Station decommissioning(b) |"}
{"_id": "d815665c8", "title": "", "text": "Revenue Recognition The majority of the Companys revenues are derived from commissions for trades executed on the electronic trading platform that are billed to its broker-dealer clients on a monthly basis.\nThe Company also derives revenues from information and user access fees, license fees, interest and other income.\nCommissions are generally calculated as a percentage of the notional dollar volume of bonds traded on the electronic trading platform and vary based on the type and maturity of the bond traded.\nUnder the transaction fee plans, bonds that are more actively traded or that have shorter maturities are generally charged lower commissions, while bonds that are less actively traded or that have longer maturities generally command higher commissions.\nCommissions are recorded on a trade date basis.\nThe Companys standard fee schedule for U. S.  high-grade corporate bonds was revised in August 2003 to provide lower average transaction commissions for dealers who transacted higher U. S.  high-grade volumes through the platform, while at the same time providing an element of fixed commissions over the two-year term of the plans.\nOne of the revised plans that was suited for the Companys most active broker-dealer clients included a fee cap that limited the potential growth in U. S.  high-grade revenue.\nThe fee caps were set to take effect at volume levels significantly above those being transacted at the time the revised transaction fee plans were introduced.\nMost broker-dealer clients entered into fee arrangements with respect to the trading of U. S.  high-grade corporate bonds that included both a fixed component and a variable component.\nThese agreements had been scheduled to expire during the third quarter of 2005.\nOn June 1, 2005, the Company introduced a new fee plan primarily for secondary market transactions in U. S.  high-grade corporate bonds executed on its electronic trading platform.\nAs of December 31, 2005, 17 of the Companys U. S.  high-grade broker-dealer clients have signed new two-year agreements that supersede the fee arrangements that were entered into with many of its broker-dealer clients during the third quarter of 2003.\nThe new plan incorporates higher fixed monthly fees and lower variable fees for brokerdealer clients than the previous U. S.  high-grade corporate transaction fee plans described above, and incorporates volume incentives to broker-dealer clients that are designed to increase the volume of transactions effected on the Companys\nThe U. S.  high-grade average variable transaction fee per million increased from $84 per million for the year ended December 31, 2007 to $121 per million for the year ended December 31, 2008 due to the longer maturity of trades executed on the platform, for which we charge higher commissions.\nThe Eurobond average variable transaction fee per million decreased from $138 per million for the year ended December 31, 2007 to $112 per million for the year ended December 31, 2008, principally from the introduction of the new European high-grade fee plan.\nOther average variable transaction fee per million increased from $121 per million for the year ended December 31, 2007 to $158 per million for the year ended December 31, 2008 primarily due to a higher percentage of volume in products that carry higher fees per million, principally high-yield.\nTechnology Products and Services.\nTechnology products and services revenues increased by $7.8 million to $8.6 million for the year ended December 31, 2008 from $0.7 million for the year ended December 31, 2007.\nThe increase was primarily a result of the Greenline acquisition.\nInformation and User Access Fees.\nInformation and user access fees increased by $0.1 million or 2.5% to $6.0 million for the year ended December 31, 2008 from $5.9 million for the year ended December 31, 2007.\nInvestment Income.\nInvestment income decreased by $1.8 million or 33.7% to $3.5 million for the year ended December 31, 2008 from $5.2 million for the year ended December 31, 2007.\nThis decrease was primarily due to lower interest rates.\nOther.\nOther revenues decreased by $0.1 million or 4.4% to $1.5 million for the year ended December 31, 2008 from $1.6 million for the year ended December 31, 2007."}
{"_id": "d890e02e4", "title": "", "text": "| (In thousands) FairValueHierarchy Fair Value Year Ended November 30, 2013 Total Gains(Losses) (1) | Lennar Homebuilding: | Finished homes and construction in progress -2 | Investment in unconsolidated entities -3 | Rialto Investments: | REO - held-for-sale -4 | REO - held-and-used, net -5 |"}
{"_id": "d8b2fbbd0", "title": "", "text": "Business Lending revenue of $7.6 billion remained relatively unchanged in 2015 compared to 2014 as loan spread compression was offset by the benefit of loan growth.\nGlobal Transaction Services revenue decreased $424 million in 2015 primarily due to lower net interest income as a result of the impact of the allocation of ALM activities, including liquidity costs.\nAverage loans and leases increased seven percent in 2015 compared to 2014 due to strong origination volumes and increased revolver utilization.\nAverage deposits remained relatively unchanged in 2015.\nGlobal Investment Banking Client teams and product specialists underwrite and distribute debt, equity and loan products, and provide advisory services and tailored risk management solutions.\nThe economics of most investment banking and underwriting activities are shared primarily between Global Banking and Global Markets based on the activities performed by each segment.\nTo provide a complete discussion of our consolidated investment banking fees, the following table presents total Corporation investment banking fees and the portion attributable to Global Banking."}
{"_id": "d8d72edfe", "title": "", "text": "| Year Ended December 31, 2008 (unaudited) | Revenue | Net income | Basic earnings per share | Diluted earnings per share |"}
{"_id": "d87a37a24", "title": "", "text": "| 12/26/08 12/31/09 12/31/10 12/31/11 12/31/12 12/31/13 | The Goldman Sachs Group, Inc. | S&P 500 Index | S&P 500 Financials Index |"}
{"_id": "d86f5c974", "title": "", "text": "| Three Months Ended | Dec. 31, 2015 | (Unaudited, in thousands) | Cost of revenue | Research and development | Sales and marketing | General and administrative | Total stock-based compensation expense | Three Months Ended | Dec. 31, 2015 | (Unaudited, in thousands) | Reconciliation of Net Loss to Adjusted EBITDA: | Net loss | Stock-based compensation expense | Depreciation and amortization expense | Interest and other expense (income) | Provision (benefit) for income taxes | Restructuring charges | Adjusted EBITDA | Three Months Ended | Dec. 31, 2015 | (Unaudited, in thousands) | Reconciliation of Net Loss to Non-GAAP Net Income: | Net loss | Stock-based compensation expense | Amortization of acquired intangible assets | Non-cash interest expense related to convertible notes | Non-cash expense related to acquisitions | Income tax effects related to acquisitions | Restructuring charges | Non-GAAP net income |"}
{"_id": "d86686688", "title": "", "text": "(1) The valuation allowance reduces the benefit of certain separate Company federal net operating loss and state capital loss carryforwards to the amount that will more likely than not be realized.\nDuring 2014, the valuation allowance was decreased by $4 million related to the ability to utilize certain state capital losses."}
{"_id": "d86a78732", "title": "", "text": "| Nuclear fuel(a) $1,000 | Production plant | Renewable energy projects(b) | Uprates | Other | Total |"}
{"_id": "d8e11c0be", "title": "", "text": "The Companies commitments to make payments in addition to these contractual commitments include their other liabilities reflected in their balance sheets, any funding obligations for their pension and other postretirement benefit plans, financial hedging activities, their collective bargaining agreements and Con Edisons guarantees of certain obligations of its businesses.\nSee Notes E, F, O and Guarantees in Note H to the financial statements in Item 8.\nCapital Resources Con Edison is a holding company that operates only through its subsidiaries and has no material assets other than its interests in its subsidiaries.\nCon Edison expects to finance its capital requirements primarily through internally-generated funds and the sale of its securities, including meeting all of its common equity needs in 2011 by issuing shares under its dividend reinvestment and employee stock plans.\nCon Edisons ability to make payments on its external borrowings and dividends on its common shares is also dependent on its receipt of dividends from its subsidiaries or proceeds from the sale of its securities or its interests in its subsidiaries.\nFor information about restrictions on the payment of dividends by the Utilities and significant debt covenants, see Note C to the financial statements in Item 8.\nFor information on the Companies commercial paper program and revolving credit agreements with banks, see Note D to the financial statements in Item 8.\nThe Utilities expect to finance their operations, capital requirements and payment of dividends to Con Edison from internally-generated funds (see Liquidity and Capital Resources  Cash Flows from Operating Activities in Item 7), contributions of equity capital from Con Edison and external borrowings, including the issuance in 2011 of long-term debt of up to $600 million.\nThe Companies require access to the capital markets to fund capital requirements that are substantially in excess of available internally-generated funds.\nSee Capital Requirements, above.\nEach of the Companies believes that it will continue to be able to access capital, although capital market conditions may affect the timing of the Companies financing activities.\nThe Companies monitor the availability and costs of various forms of capital, and will seek to issue Con Edison common stock and other securities when it is necessary or advantageous to do so.\nFor information about the Companies long-term debt and short-term borrowing, see Notes C and D to the financial statements in Item 8.\nIn 2009, the NYSPSC authorized CECONY and O&R to issue up to $4,800 million and $500 million of securities, respectively (of which up to $550 million and $100 million, respectively, may be preferred stock and up to the entire amount authorized may be debt securities).\nAt December 31, 2010, CECONY and O&R had issued $1,470 million and $190 million, respectively, of debt securities pursuant to such authorization.\nIn addition, the NYSPSC has authorized the Utilities to refund outstanding debt securities and preferred stock should the Utilities determine that it is economic to do so.\nCon Edisons competitive energy businesses have financed their operations and capital requirements primarily with capital contributions and borrowings from Con Edison, internallygenerated funds and external borrowings."}
{"_id": "d8b6f9af2", "title": "", "text": "Liquidity and Capital ResourcesOn June 10, 2015, we issued $2 billion aggregate principal amount of unsecured senior notes which consist of the following series:?\n$600 million of 2.70% senior notes due June 1, 2020?\n$900 million of 3.85% senior notes due June 1, 2025?\n$500 million of 5.20% senior notes due June 1, 2045 Interest on each series of senior notes is payable semi-annually beginning December 1, 2015.\nWe used the aggregate net proceeds to repay our $1 billion 0.90% senior notes on November 2, 2015, and the remainder for general corporate purposes.\nIn May 2015, we amended our $2.5 billion Credit Facility to increase the facility size by $500 million to a total of $3.0 billion and extend the maturity date by an additional year such that the Credit Facility now matures in May 2020.\nThe amendment additionally provides us the ability to request two one-year extensions to the maturity date and an option to increase the commitment amount by up to an additional $500 million, subject to the consent of any increasing lenders.\nThe sub-facilities for swing-line loans and letters of credit remain unchanged allowing up to an aggregate amount of $100 million and $500 million, respectively.\nFees on the unused commitment of each lender, as well as the borrowing options under the Credit Facility, remain unchanged.\nOur main sources of liquidity are cash and cash equivalents, internally generated cash flow from operations, capital market transactions, our committed revolving credit facility and sales of non-core assets.\nOur working capital requirements are supported by these sources and we may issue either commercial paper backed by our $3.0 billion revolving credit facility or draw on our $3.0 billion revolving credit facility to meet short-term cash requirements or issue debt or equity securities through the shelf registration statement discussed below as part of our longer-term liquidity and capital management.\nBecause of the alternatives available to us as discussed above, we believe that our short-term and long-term liquidity is adequate to fund not only our current operations, but also our near-term and long-term funding requirements including our capital spending programs, dividend payments, defined benefit plan contributions, repayment of debt maturities and other amounts that may ultimately be paid in connection with contingencies.\nGeneral economic conditions, commodity prices, and financial, business and other factors could affect our operations and our ability to access the capital markets.\nA downgrade in our credit ratings could negatively impact our cost of capital and our ability to access the capital markets, increase the interest rate and fees we pay on our unsecured revolving credit facility, restrict our access to the commercial paper market, or require us to post letters of credit or other forms of collateral for certain"}
{"_id": "d81128380", "title": "", "text": "(1) Includes shares issued from treasury.\n(2) Includes shares withheld to pay employee tax obligations upon the vesting of restricted stock.\nPreferred Stock CF Holdings is authorized to issue 50 million shares of $0.01 par value preferred stock.\nOur Second Amended and Restated Certificate of Incorporation, as amended, authorizes the Board, without any further stockholder action or approval, to issue these shares in one or more classes or series, and (except in the case of our Series A Junior Participating Preferred Stock, 500,000 shares of which are authorized and the terms of which were specified in the original certificate of incorporation of CF Holdings) to fix the rights, preferences and privileges of the shares of each wholly unissued class or series and any of its qualifications, limitations or restrictions.\nIn connection with the Plan (as defined below), 500,000 shares of preferred stock have been designated as Series B Junior Participating Preferred Stock.\nThe Series A Junior Participating Preferred Stock had been established in CF Holdings’ original certificate of incorporation in connection with our former stockholder rights plan that expired in 2015.\nNo shares of preferred stock have been issued.\nTax Benefits Preservation Plan On September 6, 2016, CF Holdings entered into a Tax Benefits Preservation Plan (the Plan) with Computershare Trust Company, N. A. , as rights agent.\nThe Plan is intended to help protect our tax net operating losses and certain other tax assets (the Tax Benefits) by deterring any person from becoming a \"5-percent shareholder\" (as defined in Section 382 of the Internal Revenue Code of 1986, as amended) (a 5% Shareholder).\nUnder the Plan, each share of common stock has attached to it one right.\nEach right entitles the holder to purchase one one-thousandth of a share of our preferred stock designated as Series B Junior Participating Preferred Stock at a purchase price of $100, subject to adjustment.\nRights will only be exercisable under the limited circumstances specified in the Plan when there has been a distribution of the rights and such rights are no longer redeemable by CF Holdings.\nA distribution of the rights would occur upon the earlier of (i) 10 business days following a public announcement that a person or group of affiliated or associated persons has become a 5% Shareholder (subject to certain exceptions described in the Plan) and (ii) 10 business days (or such later date as the Board shall determine) following the commencement of a tender offer or exchange offer that would result in a person or group of affiliated or associated persons becoming a 5% Shareholder (subject to certain exceptions described in the Plan).\nThe rights will expire at the earliest of (i) 5:00 P. M.  (New York City time) on September 5, 2017, or such later date and time (but not later than 5:00 P. M.  (New York City time) on September 5, 2019) as may be determined by the Board and approved by the stockholders of CF Holdings by a vote of the majority of the votes cast by the holders of shares entitled to vote thereon at a meeting of the stockholders of CF Holdings prior to 5:00 P. M.  (New York City time) on September 5, 2017, (ii) the time at which the rights are redeemed or exchanged as provided in the Plan, (iii) the time at which the Board determines that the Plan is no longer necessary or desirable for the preservation of Tax Benefits, and (iv) the close of business on the first day of a taxable year of CF Holdings to which the Board determines that no Tax Benefits may be carried forward.\nIn the event that a person or group of affiliated or associated persons becomes a 5% Shareholder (subject to certain exceptions described in the Plan), each holder of a right, other than such person, any member of such group or related person, all of whose rights will be null and void, will thereafter have the right to receive, upon exercise, common stock having a value equal to two times the exercise price of the right."}
{"_id": "d8b308d4e", "title": "", "text": "and offset a portion of the financial risk associated with the groups product development efforts.\nThese arrangements explicitly state that supplier contributions are for reimbursements of costs the company incurs in the development of new aircraft models and technologies, and the company retains substantial rights in the products developed under these arrangements.\nThe company records amounts received from these cost-sharing arrangements as a reduction of R&D expenses, as the company has no obligation to refund any amounts received under the agreement regardless of the outcome of the development effort.\nSpecifically, under the terms of each agreement, payments received from suppliers for their share of the costs are typically based on milestones and are recognized as earned when the company achieves a milestone event.\nInterest, Net.\nNet interest expense consisted of the following:"}
{"_id": "d829d9ab4", "title": "", "text": "Item 2: Properties Information concerning Applied’s principal properties at October 27, 2013 is set forth below:"}
{"_id": "d8aa2da3a", "title": "", "text": "| Year Ended December 31, | (In thousands) | Mens | Womens | Youth | Accessories | Total net sales | License revenues | Total net revenues |"}
{"_id": "d8a149bb2", "title": "", "text": "| Year Ended December 31, | (in millions) | Salaries and employee benefits-1 | Outside services | Occupancy | Equipment expense | Amortization of software | Other operating expense-1 | Noninterest expense |"}
{"_id": "d8d2a5b2a", "title": "", "text": "| High Low Close CashDividends Declared | 2007 Quarter | First | Second | Third | Fourth | Total | 2006 Quarter | First | Second | Third | Fourth | Total | In millions | CASH FLOWS – Year ended December 31, 2015 | Sales of loans (c) | Repurchases of previously transferred loans (d) | Servicing fees (e) | Servicing advances recovered/(funded), net | Cash flows on mortgage-backed securities held (f) | CASH FLOWS – Year ended December 31, 2014 | Sales of loans (c) | Repurchases of previously transferred loans (d) | Servicing fees (e) | Servicing advances recovered/(funded), net | Cash flows on mortgage-backed securities held (f) |"}
{"_id": "d8dec8560", "title": "", "text": "| North America Africa | (Dollars per unit) | 2015 | Crude and condensate(bbl) | Natural gas liquids(bbl) | Natural gas(mcf) | Synthetic crude oil(bbl) | 2014 | Crude and condensate(bbl) | Natural gas liquids(bbl) | Natural gas(mcf) | Synthetic crude oil(bbl) | 2013 | Crude and condensate(bbl) | Natural gas liquids(bbl) | Natural gas(mcf) | Synthetic crude oil(bbl) |"}
{"_id": "d87068872", "title": "", "text": "| Years Ended December 31,(in millions) 2010 2009 | Total revenues | Income (loss) from continuing operations | Net income (loss) | Net income (loss) attributable to AIG | Net income (loss) attributable to AIG common shareholders | Income (loss) per common share attributable to AIG: | Basic: | Income (loss) from continuing operations | Diluted: | Income (loss) from continuing operations |"}
{"_id": "d86e2d864", "title": "", "text": "As of December 31, 2013, we: ?\nowned and operated a petroleum refinery in El Dorado, Kansas (the “El Dorado Refinery”), two refinery facilities located in Tulsa, Oklahoma, a refinery in Artesia, New Mexico that is operated in conjunction with crude oil distillation and vacuum distillation and other facilities situated 65 miles away in Lovington, New Mexico (collectively, the “Navajo Refinery”), a refinery located in Cheyenne, Wyoming (the “Cheyenne Refinery”) and a refinery in Woods Cross, Utah (the “Woods Cross Refinery”); ?\nowned and operated NK Asphalt Partners (“NK Asphalt”) which operates various asphalt terminals in Arizona and New Mexico; ?\nowned a 50% interest in Sabine Biofuels II, LLC (“Sabine Biofuels”), a biodiesel production facility located in Port Arthur, Texas; and ?\nowned a 39% interest in HEP, a consolidated VIE, which includes our 2% general partner interest.\nHEPowns and operates logistic assets consisting of petroleum product and crude oil pipelines and terminal, tankage and loading rack facilities that principally support our refining and marketing operations in the Mid-Continent, Southwest and Rocky Mountain regions of the United States and Alon USA, Inc. 's (“Alon”) refinery in Big Spring, Texas.\nAdditionally, HEPowns a 75% interest in UNEV Pipeline, LLC (“UNEV”), which owns a 12-inch refined products pipeline from Salt Lake City, Utah to Las Vegas, Nevada, together with terminal facilities in the Cedar City, Utah and North Las Vegas areas (the “UNEV Pipeline”), and a 25% interest in SLC Pipeline LLC (the “SLC Pipeline”), which owns a 95-mile intrastate pipeline system that serves refineries in the Salt Lake City area.\nOur operations are currently organized into two reportable segments, Refining and HEP.\nThe Refining segment includes the operations of our El Dorado, Tulsa, Navajo, Cheyenne and Woods Cross Refineries and NK Asphalt.\nThe HEPsegment involves all of the operations of HEP.\nThe financial information about our segments is discussed in Note 20 “Segment Information” in the Notes to Consolidated Financial Statements.\nREFINERY OPERATIONS Our refinery operations serve the Mid-Continent, Southwest and Rocky Mountain regions of the United States.\nWe own and operate five complex refineries having a combined crude oil processing capacity of 443,000 barrels per stream day.\nEach of our refineries has the complexity to convert discounted, heavy and sour crude oils into a high percentage of gasoline, diesel and other high-value refined products.\nFor 2013, gasoline, diesel fuel, jet fuel and specialty lubricants (excluding volumes purchased for resale) represented 50%, 33%, 5% and 2%, respectively, of our total refinery sales volumes.\nThe tables presented below and elsewhere in this discussion of our refinery operations set forth information, including non-GAAP performance measures, about our refinery operations.\nThe cost of products and refinery gross and net operating margins do not include the effect of depreciation and amortization.\nReconciliations to amounts reported under GAAP are provided under “Reconciliations to Amounts Reported Under Generally Accepted Accounting Principles” following Item 7A of Part II of this Form 10-K."}
{"_id": "d8b7d4e4a", "title": "", "text": "| At December 31, 2010  Category Risk Rating(a) Credit Exposure as a Percentage of Total Equity(b) | Investment Grade: | 10 largest combined(c) | Single largest financial institution | Single largest corporate | Single largest sovereign | Non-Investment Grade: | Single largest financial institution | Single largest corporate | Single largest sovereign |"}
{"_id": "d8d5feef2", "title": "", "text": "| 2008 2007 2006 | U.S. | Europe | APMEA | Other Countries & Corporate | Total |"}
{"_id": "d89c4f864", "title": "", "text": "SEGMENT DATA We design, develop, manufacture and market orthopaedic reconstructive implants, biologics, dental implants, spinal implants, trauma products and related surgical products which include surgical supplies and instruments designed to aid in surgical procedures and post-operation rehabilitation.\nWe also provide other healthcare-related services.\nWe manage operations through three major geographic segments – the Americas, which is comprised principally of the U. S.  and includes other North, Central and South American markets; Europe, which is comprised principally of Europe and includes the Middle East and African markets; and Asia Pacific, which is comprised primarily of Japan and includes other Asian and Pacific markets.\nThis structure is the basis for our reportable segment information discussed below.\nManagement evaluates reportable segment performance based upon segment operating profit exclusive of operating expenses pertaining to share-based payment expense, inventory step-up and certain other inventory and manufacturing related charges, “Certain claims,” goodwill impairment, “Special items,” and global operations and corporate functions.\nGlobal operations and corporate functions include research, development engineering, medical education, brand management, corporate legal, finance, and human resource functions, U. S. , Puerto Rico and Ireland-based manufacturing operations and logistics and intangible asset amortization resulting from business combination accounting.\nIntercompany transactions have been eliminated from segment operating profit.\nManagement reviews accounts receivable, inventory, property, plant and equipment, goodwill and intangible assets by reportable segment exclusive of U. S. , Puerto Rico and Ireland-based manufacturing operations and logistics and corporate assets."}
{"_id": "d8d757452", "title": "", "text": "| In millions, except per share amounts 2008 2007 | Net sales | Earnings (loss) from continuingoperations | Net earnings (loss) (1) | Earnings (loss) from continuingoperations per common share | Net earnings (loss) per common share(1) |"}
{"_id": "d8abea972", "title": "", "text": "| 2015 | Capital adequacy | Total risk-weighted assets-11 | Tier 1 leverage ratio-11 | Tier 1 risk-based capital ratio-11 | Total risk-based capital ratio-11 | Tier 1 common risk-based capital ratio-11 | Tangible common equity / tangible asset ratio-8 | Tangible equity / tangible asset ratio-9 | Tangible common equity / risk-weighted assets ratio-11 |"}
{"_id": "d8b054346", "title": "", "text": "| Millions of Dollars OperatingLeases CapitalLeases | 2009 | 2010 | 2011 | 2012 | 2013 | Later years | Total minimum lease payments | Amount representing interest | Present value of minimum lease payments |"}
{"_id": "d8738a15e", "title": "", "text": "| Fiscal Years Ended March 31, | 2018 | (in $000's) | Impella product revenue | Service revenue | Other revenue | Total revenue |"}
{"_id": "d8b131368", "title": "", "text": "| Year Ended September 30, | 2010 | (In millions) | Capitalized interest, beginning of year | Interest incurred | Interest expensed: | Directly to interest expense | Amortized to cost of sales | Written off with inventory impairments | Capitalized interest, end of year |"}
{"_id": "d89e6465e", "title": "", "text": "Assurant, Inc.  and Subsidiaries Notes to Consolidated Financial Statements—(Continued) December 31, 2005, 2004 and 2003 (In thousands except number of shares and per share amounts) As of December 31, 2005, the majority of the outstanding balance of VOBA is in the Company’s PreNeed segment.\nVOBA in the PreNeed segment assumes an interest rate ranging from 6.5% to 7.5%.\nAt December 31, 2005 the estimated amortization of VOBA for the next five years is as follows:"}
{"_id": "d82441ab6", "title": "", "text": "| Dollars in Millions Principal Value Repurchase Price Gain on Repurchase Swap Termination Proceeds Other, Including Basis Adjustment for Terminated Swaps Gain/ (Loss) | 5.875% Notes due 2036 | 6.88% Debentures due 2097 | 7.15% Debentures due 2023 | 5.25% Notes due 2013 | Total |"}
{"_id": "d8f0b4f76", "title": "", "text": "| Revenue Mix Summary Year Ended Comparable Store Sales Summary Year Ended | March 1, 2008 | Consumer electronics | Home office | Entertainment software | Appliances | Services | Other | Total |"}
{"_id": "d8cfb1ff4", "title": "", "text": "Other Off-Balance Sheet Commitments Operating Leases The Company leases various equipment and facilities, including retail space, under noncancelable operating lease arrangements.\nThe Company does not currently utilize any other off-balance sheet financing arrangements.\nThe major facility leases are typically for terms not exceeding 10 years and generally contain multi-year renewal options.\nLeases for retail space are for terms ranging from five to 20 years, the majority of which are for 10 years, and often contain multi-year renewal options.\nAs of September 27, 2014, the Companys total future minimum lease payments under noncancelable operating leases were $5.0 billion, of which $3.6 billion related to leases for retail space.\nRent expense under all operating leases, including both cancelable and noncancelable leases, was $717 million, $645 million and $488 million in 2014, 2013 and 2012, respectively.\nFuture minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of September 27, 2014, are as follows (in millions):"}
{"_id": "d81f2e70e", "title": "", "text": "| Year ended December 31, (in millions) 2009 2008 2007 | U.S. | Non-U.S.(a) | Income before income taxexpense/(benefit) andextraordinary gain |"}
{"_id": "d887e6684", "title": "", "text": "| Restricted Stock Units Weighted Average   Grant Date   Fair Value | Outstanding at January 1, | Granted | Forfeited | Paid | Outstanding at December 31, | Restricted Stock Units expected to vest at December 31, 2009 |"}
{"_id": "d88100c0c", "title": "", "text": "| 2013a 2012a 2011a | Revenues, excluding adjustmentsb | Site production and delivery, before net noncash | and other costs shown below | Treatment charges and other | Unit net cash costs | Depreciation, depletion and amortization | Noncash and other costs, net | Total unit costs | Gross profit per pound | Molybdenum sales (millions of recoverable pounds)b |"}
{"_id": "d8c7d2b26", "title": "", "text": "| ($ millions) 2016 N/A Change vs. 2015 -1% 2015 N/A Change vs. 2014 1% | Net sales | Net earnings | % of net sales |"}
{"_id": "d8cdb1dda", "title": "", "text": "| Years ended December 31, | 2017 | Net income available to IPG common stockholders | Weighted-average number of common shares outstanding - basic | Dilutive effect of stock options and restricted shares | Weighted-average number of common shares outstanding - diluted | Earnings per share available to IPG common stockholders: | Basic | Diluted |"}
{"_id": "d8609ed10", "title": "", "text": "| Qualified Pension Plan Nonqualified Pension Plan Postretirement Benefits | Year ended December 31 – in millions | Net periodic cost consists of: | Service cost | Interest cost | Expected return on plan assets | Amortization of prior service cost | Amortization of actuarial losses (gains) | Net periodic cost | Other changes in plan assets and benefit obligations recognized in other comprehensive income: | Current year prior service cost/(credit) | Amortization of prior service (cost)/credit | Current year actuarial loss/(gain) | Amortization of actuarial (loss)/gain | Total recognized in OCI | Total recognized in net periodic cost and OCI | Postretirement Benefits | In millions | Estimated 2008employercontributions | Estimated futurebenefitpayments | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 – 2017 |"}
{"_id": "d810a5264", "title": "", "text": "nonperformance credit spread moves to a zero spread over the LIBOR swap curve, the reduction to net income would be approximately $71 million, net of DAC and DSIC amortization and income taxes, based on December 31, 2010 credit spreads.\nLiquidity and Capital Resources Overview We maintained substantial liquidity during the year ended December 31, 2010.\nAt December 31, 2010, we had $2.9 billion in cash and cash equivalents compared to $3.1 billion at December 31, 2009.\nWe have additional liquidity available through an unsecured revolving credit facility for up to $500 million that we entered into on September 30, 2010 and which expires in September 2011.\nUnder the terms of the underlying credit agreement, we can increase this facility to $750 million upon satisfaction of certain approval requirements.\nAvailable borrowings under this facility are reduced by any outstanding letters of credit.\nWe have had no borrowings under this credit facility and had $1 million of outstanding letters of credit at December 31, 2010.\nIn March 2010, we issued $750 million of 5.30% senior notes due 2020.\nA portion of the proceeds was used to retire $340 million of debt that matured in November 2010.\nOn April 30, 2010, we closed on the Columbia Management Acquisition and paid $866 million in the second quarter with cash on hand and assumed liabilities of $30 million.\nOur subsidiaries, Ameriprise Bank, FSB and RiverSource Life, are members of the Federal Home Loan Bank (FHLB) of Des Moines, which provides these subsidiaries with access to collateralized borrowings.\nAs of December 31, 2010, we had no borrowings from the FHLB.\nIn 2010, we entered into repurchase agreements to reduce reinvestment risk from higher levels of expected annuity net cash flows.\nRepurchase agreements allow us to receive cash to reinvest in longer-duration assets, while paying back the short-term debt with cash flows generated by the fixed income portfolio.\nThe balance of repurchase agreements at December 31, 2010 was $397 million, which is collateralized with agency residential mortgage backed securities and corporate debt securities from our investment portfolio.\nWe believe cash flows from operating activities, available cash balances and our availability of revolver borrowings will be sufficient to fund our operating liquidity needs.\nDividends from Subsidiaries Ameriprise Financial is primarily a parent holding company for the operations carried out by our wholly owned subsidiaries.\nBecause of our holding company structure, our ability to meet our cash requirements, including the payment of dividends on our common stock, substantially depends upon the receipt of dividends or return of capital from our subsidiaries, particularly our life insurance subsidiary, RiverSource Life, our face-amount certificate subsidiary, Ameriprise Certificate Company (ACC), AMPF Holding Corporation, which is the parent company of our retail introducing broker-dealer subsidiary, Ameriprise Financial Services, Inc.  (AFSI) and our clearing broker-dealer subsidiary, American Enterprise Investment Services, Inc.  (AEIS), our Auto and Home insurance subsidiary, IDS Property Casualty Insurance Company (IDS Property Casualty), doing business as Ameriprise Auto & Home Insurance, our transfer agent subsidiary, Columbia Management Investment Services Corp. , our investment advisory company, Columbia Management Investment Advisers, LLC, and Threadneedle.\nThe payment of dividends by many of our subsidiaries is restricted and certain of our subsidiaries are subject to regulatory capital requirements.\nActual capital and regulatory capital requirements as of December 31 for our wholly owned subsidiaries subject to regulatory capital requirements were as follows:"}
{"_id": "d855e7520", "title": "", "text": "On April 25, 2013 Delphi granted 37,674 RSUs to the Board of Directors at a grant date fair value of approximately $2 million.\nThe grant date fair value was determined based on the closing price of the Company's ordinary shares on April 25, 2013.\nThe RSUs vested on April 2, 2014, the day before the 2014 annual meeting of shareholders.\nOn April 3, 2014, Delphi granted 24,144 RSUs to the Board of Directors at a grant date fair value of approximately $2 million.\nThe grant date fair value was determined based on the closing price of the Company's ordinary shares on April 3, 2014.\nThe RSUs will vest on April 22, 2015, the day before the 2015 annual meeting of shareholders.\nIn February 2012, Delphi granted approximately 1.88 million RSUs to its executives.\nThese awards include a time-based vesting portion and a performance-based vesting portion.\nThe time-based RSUs, which make up 25% of the awards for Delphis officers and 50% for Delphis other executives, will vest ratably over three years beginning on the first anniversary of the grant date.\nThe performance-based RSUs, which make up 75% of the awards for Delphis officers and 50% for Delphis other executives, vested at the completion of a three-year performance period at the end of 2014.\nIn February 2013, under the time-based vesting terms of the 2012 grant, 218,070 ordinary shares were issued to Delphi executives at a fair value of $9 million, of which 78,692 ordinary shares were withheld to cover withholding taxes.\nIn February 2013, Delphi granted approximately 1.45 million RSUs to its executives.\nThese awards include time and performance-based components and vesting terms similar to the 2012 awards described above, as well as continuity awards.\nThe time-based RSUs will vest ratably over three years beginning on the first anniversary of the grant date and the performance-based RSUs will vest at the completion of a three-year performance period at the end of 2015 if certain targets are met.\nIn February 2014, under the time-based vesting terms of the 2012 and 2013 grants, 365,930 ordinary shares were issued to Delphi executives at a fair value of $23 million, of which 131,913 ordinary shares were withheld to cover minimum withholding taxes.\nIn February 2014, Delphi granted approximately 0.8 million RSUs to its executives.\nThese awards include time and performance-based components and vesting terms similar to the 2013 awards described above.\nThe time-based RSUs will vest ratably over three years beginning on the first anniversary of the grant date and the performance-based RSUs will vest at the completion of a three-year performance period at the end of 2016 if certain targets are met.\nAny new executives hired after the annual executive RSU grant date may be eligible to participate in the PLC LTIP.\nAny off cycle grants made for new hires will be valued at their grant date fair value based on the closing price of the Company's ordinary shares on the date of such grant.\nEach executive will receive between 0% and 200% of his or her target performance-based award based on the Companys performance against established company-wide performance metrics, which are:"}
{"_id": "d86cf710c", "title": "", "text": "DISTRIBUTIONS 2009 annual sales decreased 18% from 2008 and 11% from 2007 while operating profits in 2009 decreased 51% compared with 2008 and 54% compared with 2007.\nAnnual sales of printing papers and graphic arts supplies and equipment totaled $4.1 billion in 2009 compared with $5.2 billion in 2008 and $4.7 billion in 2007, reflecting weak economic conditions in 2009.\nTrade margins as a percent of sales for printing papers increased from 2008 but decreased from 2007 due to a higher mix of lower margin direct shipments from manufacturers.\nRevenue from packaging products was $1.3 billion in 2009 compared with $1.7 billion in 2008 and $1.5 billion in 2007.\nTrade margins as a percent of sales for packaging products were higher than in the past two years reflecting an improved product and service mix.\nFacility supplies annual revenue was $1.1 billion in 2009, essentially"}
{"_id": "d8aa75894", "title": "", "text": "| March 31, 2011 | Number of Shares (in thousands) | Restricted stock awards at beginning of year | Granted | Vested | Forfeited | Restricted stock awards at end of year |"}
{"_id": "d8cd349ac", "title": "", "text": "The vast majority of our regulated water customers are metered, which allows us to measure and bill for our customers water consumption, typically on a monthly basis.\nOur wastewater customers are billed either on a fixed charge basis or based on their water consumption.\nCustomer usage of water is affected by weather conditions, particularly during the summer.\nOur water systems generally experience higher demand in the summer due to the warmer temperatures and increased usage by customers for lawn irrigation and other outdoor uses.\nSummer weather that is cooler and wetter than average generally serves to suppress customer water demand and can reduce water operating revenues and operating income.\nSummer weather that is hotter and drier than average generally increases operating revenues and operating income.\nHowever, when weather conditions are extremely dry, and even if our water supplies are sufficient to serve our customers, our systems may be affected by drought-related warnings and/or water usage restrictions imposed by governmental agencies, thereby reducing customer usage and operating revenues.\nThese restrictions may be imposed at a regional or state level and may affect our service areas, regardless of our readiness to meet unrestricted customer demands.\nOther factors affecting our customers usage of water include conservation initiatives, such as the use of more efficient household fixtures and appliances among residential consumers; declining household sizes in the United States; and changes in the economy and credit markets which could have significant impacts on our industrial and commercial customers operational and financial performance.\nCustomer growth in our Regulated Businesses is driven by (i) organic population growth in our authorized service areas; (ii) adding new customers to our regulated customer base by acquiring water and/or wastewater utility systems; and (iii) the sale of water to other community water systems.\nGenerally, we add customers through tuck-ins of small water and/or wastewater systems, typically serving fewer than 10,000 customers, in"}
{"_id": "d8abb3274", "title": "", "text": "| RestrictedStock UnitsOutstanding(in thousands) Weighted-Average Grant-Date Fair ValuePer Share | Restricted stock units outstanding at October 31, 2015 | Units granted | Restrictions lapsed | Forfeited | Restricted stock units outstanding at October 29, 2016 |"}
{"_id": "d871ce2fc", "title": "", "text": "(a) KCP&L amounts are not included in consolidated Evergy at December 31, 2017.\nTax Credit Carryforwards At December 31, 2018 and 2017, Evergy had $333.8 million and $100.0 million, respectively, of federal general business income tax credit carryforwards.\nAt December 31, 2018 and 2017, Westar Energy had $134.0 million and $100.0 million, respectively, of federal general business income tax credit carryforwards.\nAt December 31, 2018 and 2017, KCP&L had $192.8 million and $184.6 million, respectively, of federal general business income tax credit carryforwards.\nThe carryforwards for Evergy, Westar Energy and KCP&L relate primarily to wind"}
{"_id": "d8dc496ae", "title": "", "text": "| Capital Operating | (In $ millions) | 2010 | 2011 | 2012 | 2013 | 2014 | Later years | Sublease income | Minimum lease commitments | Less amounts representing interest | Present value of net minimum lease obligations |"}
{"_id": "d86030c34", "title": "", "text": "| (In thousands) 2015 2014 Change | Oilseeds | Corn | Milling and cocoa | Total | Balance as of January 1, 2017 | Warranty expense | Warranty claims | Balance as of December 31, 2017 | Warranty expense | Warranty claims | Balance as of December 31, 2018 |"}
{"_id": "d880d3cf2", "title": "", "text": "Item 6.\nSelected Financial Data The information required by Item 6 regarding the selected financial data for the five years ended Dec.  31, 2006 is included in Exhibit 99.2 filed with this Form 10-K and is incorporated herein by reference.\nThis information is also reported in the Eleven-Year Digest on page 72 of the Annual Report under the captions net sales, income (loss) before accounting changes, cumulative effect of accounting changes, net income (loss), earnings (loss) per common share before accounting changes, cumulative effect of accounting changes on earnings (loss) per common share, earnings (loss) per common share, earnings (loss) per common share  assuming dilution, dividends per share, total assets and long-term debt for the years 2002 through 2006.\nItem 7.\nManagements Discussion and Analysis of Financial Condition and Results of Operations Performance in 2006 compared with 2005 Performance Overview Our sales increased 8% to $11.0 billion in 2006 compared to $10.2 billion in 2005.\nSales increased 4% due to the impact of acquisitions, 2% due to increased volumes, and 2% due to increased selling prices.\nCost of sales as a percentage of sales increased slightly to 63.7% compared to 63.5% in 2005.\nSelling, general and administrative expense increased slightly as a percentage of sales to 17.9% compared to 17.4% in 2005.\nThese costs increased primarily due to higher expenses related to store expansions in our architectural coatings operating segment and increased advertising to promote growth in our optical products operating segment.\nOther charges decreased $81 million in 2006.\nOther charges in 2006 included pretax charges of $185 million for estimated environmental remediation costs at sites in New Jersey and $42 million for legal settlements offset in part by pretax earnings of $44 million for insurance recoveries related to the Marvin legal settlement and to Hurricane Rita.\nOther charges in 2005 included pretax charges of $132 million related to the Marvin legal settlement net of related insurance recoveries of $18 million, $61 million for the federal glass class action antitrust legal settlement, $34 million of direct costs related to the impact of hurricanes Rita and Katrina, $27 million for an asset impairment charge in our fine chemicals operating segment and $19 million for debt refinancing costs.\nOther earnings increased $30 million in 2006 due to higher equity earnings, primarily from our Asian fiber glass joint ventures, and higher royalty income.\nNet income and earnings per share  assuming dilution for 2006 were $711 million and $4.27, respectively, compared to $596 million and $3.49, respectively, for 2005.\nNet income in 2006 included aftertax charges of $106 million, or 64 cents a share, for estimated environmental remediation costs at sites in New Jersey and Louisiana in the third quarter; $26 million, or 15 cents a share, for legal settlements; $23 million, or 14 cents a share for business restructuring; $17 million, or 10 cents a share, to reflect the net increase in the current value of the Companys obligation relating to asbestos claims under the PPG Settlement Arrangement; and aftertax earnings of $24 million, or 14 cents a share for insurance recoveries.\nNet income in 2005 included aftertax charges of $117 million, or 68 cents a share for legal settlements net of insurance; $21 million, or 12 cents a share for direct costs related to the impact of hurricanes Katrina and Rita; $17 million, or 10 cents a share, related to an asset impairment charge related to our fine chemicals operating segment; $12 million, or 7 cents a share, for debt refinancing cost; and $13 million, or 8 cents a share, to reflect the net increase in the current\nManagements Discussion and Analysis value of the Companys obligation relating to asbestos claims under the PPG Settlement Arrangement.\nThe legal settlements net of insurance included aftertax charges of $80 million for the Marvin legal settlement, net of insurance recoveries of $11 million, and $37 million for the impact of the federal glass class action antitrust legal settlement."}
{"_id": "d828cab8c", "title": "", "text": "Revenue for other healthcare services is recognized on a fee-for-service basis at estimated collectible amounts at the time services are rendered.\nOur fees are determined in advance for each type of service performed.\nInvestment Securities Investment securities totaled $9.8 billion, or 47.3% of total assets at December 31, 2013, and $9.8 billion, or 49% of total assets at December 31, 2012.\nDebt securities, detailed below, comprised this entire investment portfolio at December 31, 2013 and at December 31, 2012.\nThe fair value of debt securities were as follows at December 31, 2013 and 2012:"}
{"_id": "d8174de7c", "title": "", "text": "| 2014 2013 2012 | U.S. federal statutory rate | Increase (decrease) resulting from: | State and local income taxes, netof federal tax benefit | Uncertain tax positions | SABMiller dividend benefit | Domestic manufacturing deduction | Other | Effective tax rate |"}
{"_id": "d8ca03418", "title": "", "text": "| Year Ended December | $ in millions | Compensation and benefits | Brokerage, clearing, exchange anddistribution fees | Market development | Communications and technology | Depreciation and amortization | Occupancy | Professional fees | Other expenses | Total non-compensation expenses | Total operating expenses | Total staff at period-end | Consolidated Revenues for the Three Months Ended | 2016 | (Amounts in Millions) | March 31 | June 30 | September 30 | December 31 | $7,846.6 |"}
{"_id": "d88aec6a8", "title": "", "text": "| Year Ended December 31, | (in millions) | Other-than-temporary impairment: | Total other-than-temporary impairment losses | Portions of loss recognized in other comprehensive income (before taxes) | Net securities impairment losses recognized in earnings |"}
{"_id": "d880f107c", "title": "", "text": "The El Dorado Refinery faces competition from other Plains States and Mid-Continent refiners, but the principal competitors for the El Dorado Refinery are Gulf Coast refiners.\nOur Gulf Coast competitors typically have lower production costs due to greater economies of scale; however, they incur higher refined product transportation costs, which allows the El Dorado Refinery to compete effectively in the Plains States and Rocky Mountain region with Gulf Coast refineries.\nThe Tulsa Refineries serve the Mid-Continent region of the United States.\nDistillates and gasolines are primarily delivered from the Tulsa Refineries to market via pipelines owned and operated by Magellan.\nThese pipelines connect the refinery to distribution channels throughout Colorado, Oklahoma, Kansas, Missouri, Illinois, Iowa, Minnesota, Nebraska and Arkansas.\nAdditionally, HEP's on-site truck and rail racks facilitate access to local refined product markets.\nWe have an offtake agreement through November 2019 with an affiliate of Sinclair whereby Sinclair purchases 45,000 to 50,000 BPD of gasoline and distillate products at market prices from us to supply its branded and unbranded marketing network throughout the Midwest.\nUpon expiration, the offtake agreement can be renewed by Sinclair for an additional five-year term.\nFor the year ended December 31, 2017, sales to Sinclair represented approximately 21% of the Tulsa Refineriestotal sales and 8% of our total consolidated sales.\nThe Tulsa Refineries principal customers for conventional gasoline include Sinclair, other refiners, convenience store chains, independent marketers and retailers.\nSinclair, truck stop operators and railroads are the primary diesel customers.\nJet fuel is sold primarily for commercial use.\nThe refinery's asphalt and roofing flux products are sold via truck or railcar directly from the refineries or to customers throughout the Mid-Continent region primarily to paving contractors and manufacturers of roofing products.\nFor the year ended December 31, 2017, sales to Shell Oil represented approximately 12% of our Mid-Continent refineries total sales and 9% of our total consolidated sales.\nWe have a sales agreement with an affiliate of Shell Oil under which Shell Oil purchases gasoline and diesel production of the El Dorado Refinery and Tulsa Refineries at market prices through October 2018 primarily to support its branded marketing network."}
{"_id": "d8f125794", "title": "", "text": "| Global Generation Portfolio(a)(In MW) | NRG Business | Generation Type | Natural gas | Coal | Oil | Nuclear | Wind | Utility Scale Solar | Distributed Solar | Total generation capacity | Capacity attributable to noncontrolling interest | Total net generation capacity |"}
{"_id": "d82a10406", "title": "", "text": "| Year Ended December 31, | (In thousands) | Apparel | Footwear | Accessories | Total net sales | License revenues | Total net revenues |"}
{"_id": "d898c4514", "title": "", "text": "| December 31 - in millions 2007 2006 | Deposits | Money market | Demand | Retail certificates of deposit | Savings | Other time | Time deposits in foreign offices | Total deposits | Borrowed funds | Federal funds purchased | Repurchase agreements | Federal Home Loan Bank borrowing | Bank notes and senior debt | Subordinated debt | Other | Total borrowed funds | Total |"}
{"_id": "d8a9cb434", "title": "", "text": "| At December 31, PBO Exceeds Fair Value of Plan Assets ABO Exceeds Fair Value of Plan Assets | (in millions) | Projected benefit obligation | Accumulated benefit obligation | Fair value of plan assets | Years Ended December 31, | U.S. Plans | (in millions) | Components of net periodic benefit | cost: | Service cost | Interest cost | Expected return on assets | Amortization of prior service credit | Amortization of net (gain) loss | Curtailment (gain) loss | Settlement loss | Net periodic benefit cost (credit) | Total recognized in Accumulated other | comprehensive income (loss) | Total recognized in net periodic benefit | cost and other comprehensive | income (loss) | At December 31, | Asset class: | Equity securities | Fixed maturity securities | Other investments | Total |"}
{"_id": "d895bc510", "title": "", "text": "| 2018 2017 2016 | North America | International | Worldwide |"}
{"_id": "d8ef54d16", "title": "", "text": "| As of or for the year ended December 31, Exposures Net gains/(losses) reported in income during the year (b) Unrealized gains/(losses) included in other comprehensive income (pretax) during the year | (in millions) | Mortgage-backed securities: | U.S. government agencies | Residential: | Prime and Alt-A | Subprime | Non-U.S. | Commercial | Total mortgage-backed securities | U.S. government agencies(a) |"}
{"_id": "d86f5ca32", "title": "", "text": "Quarterly Trends Revenue Spending by advertisers is traditionally strongest in the fourth quarter of each year.\nHistorically, this seasonality in advertising spending has affected our quarterly results with higher sequential advertising revenue growth from the third to the fourth quarter compared to sequential advertising revenue growth from the fourth quarter to the subsequent first quarter.\nFor example, our advertising revenue increased 43%, 35% and 25% between the third and fourth quarters of 2013, 2014 and 2015, respectively, while advertising revenue for the first quarter of 2014 and 2015 increased 3% and decreased 10% compared to the fourth quarter of 2013 and 2014, respectively.\nTotal Costs and Expenses Total costs and expenses, which include significant amounts of stock-based compensation expense, increased in every quarter presented primarily due to the continued expansion of our facilities and an increase in average employee headcount.\nThe increase in total costs and expenses in the fourth quarter of 2015 was the result of an increase in advertising costs as well as an increase in traffic acquisition costs as a result of the growth of sale to advertisers of our advertising products which we place on third-party publishers’ websites, applications or other offerings.\nCredit Facility In October 2013, we entered into a revolving credit agreement with certain lenders which provides for a $1.0 billion revolving unsecured credit facility maturing on October 22, 2018.\nLoans under the credit facility bear interest, at our option, at (i) a base rate based on the highest of the prime rate, the federal funds rate plus 0.50% and an adjusted LIBOR rate for a one-month interest period plus 1.00%, in each case plus a margin ranging from 0.00% to 0.75% or (ii) an adjusted LIBOR rate plus a margin ranging from 1.00% to 1.75%.\nThis margin is determined based on our total leverage ratio for the preceding four fiscal quarter period.\nWe are also obligated to pay other customary fees for a credit facility of this size and type, including an upfront fee and an unused commitment fee.\nOur obligations under the credit facility are guaranteed by one of our wholly-owned subsidiaries.\nIn addition, the credit facility contains restrictions on payments including cash payment of dividends.\nThe revolving credit agreement was amended in September 2014 to increase the amount of indebtedness that we may incur and increase the amount of restricted payments that we may make.\nThis amendment to the revolving credit agreement also provides that if our total leverage ratio exceeds 2.5:1.0 and if the amount outstanding under the credit facility exceeds $500.0 million, or 50% of the amount that may be borrowed under the credit facility, the credit facility will become secured by substantially all of our and certain of our subsidiaries’ assets, subject to limited exceptions.\nAs of December 31, 2015, no amounts were drawn under the credit facility.\nLiquidity and Capital Resources"}
{"_id": "d86200604", "title": "", "text": "| Year Ended December 31, | 2012 | (In thousands) | Employee: | Restricted stock and performance shares | Stock options | 7,714 | Non-employee directors: | Restricted stock | Stock options | 671 | Total stock-based compensation |"}
{"_id": "d893b46e6", "title": "", "text": "| At December 31, | (dollar amounts in millions) | Commercial:-1 | Commercial and industrial | Commercial real estate: | Construction | Commercial | Total commercial real estate | Total commercial | Consumer: | Automobile-2 | Home equity | Residential mortgage | Other consumer | Total consumer | Total loans and leases |"}
{"_id": "d87851cf0", "title": "", "text": "Cost of Sales and Service Revenues Cost of sales and service revenues, general and administrative expenses, and goodwill impairment charges were as follows:"}
{"_id": "d810dcc28", "title": "", "text": "| Outstanding Balance December 31, Stated Interest Rate December 31, | 2009 | (in millions) | Senior notes due 2010 | Senior notes due 2015 | Senior notes due 2019 | Senior notes due 2039 | Junior subordinated notes due 2066 | Floating rate revolving credit borrowings due 2013 | Floating rate revolving credit borrowings due 2014 | Floating rate revolving credit borrowings due 2014 | Municipal bond inverse floater certificates due 2021 | Total |"}
{"_id": "d83ac8546", "title": "", "text": "| Years ended December 31, | 2017 | Cost of investment: current-year acquisitions | Cost of investment: prior-year acquisitions | Less: net cash acquired | Total cost of investment | Operating payments1 | Total cash paid for acquisitions2 |"}
{"_id": "d8d9982c0", "title": "", "text": "| March 31, | (Dollars in millions) | Cash and cash equivalents | Working capital | Debt, net of cash and cash equivalents | Debt to capital ratio-1 | Net debt to net capital employed-2 | Return on stockholders’ equity-3 |"}
{"_id": "d8bd317c6", "title": "", "text": "| As of and for the Year Ended December 31, 2014 | (in millions) | Net interest income | Noninterest income | Total revenue | Noninterest expense | Profit before provision for credit losses | Provision for credit losses | Income before income tax expense | Income tax expense | Net income | Total Average Assets | As of December 31, | (in millions) | BALANCE SHEET DATA: | Total assets | Loans and leases-6 | Allowance for loan and lease losses | Total securities | Goodwill | Total liabilities | Total deposits-7 | Federal funds purchased and securities sold under agreements to repurchase | Other short-term borrowed funds | Long-term borrowed funds | Total stockholders' equity | As of December 31, | 2014 | OTHER BALANCE SHEET DATA: | Asset Quality Ratios | Allowance for loan and lease losses as a % of total loans and leases | Allowance for loan and lease losses as a % of nonperforming loans and leases | Nonperforming loans and leases as a % of total loans and leases | Capital ratios | Tier 1risk-basedcapital ratio-8 | Total risk-based capital ratio-9 | Tier 1 common equity ratio-10 | Tier 1 leverage ratio-11 | (In millions) | Net Cash Provided by Operating Activities | Net Cash Used for Investing Activities | Net Cash Used for Financing Activities |"}
{"_id": "d81a4d5be", "title": "", "text": "The NIR-at-risk exposure to an immediate 100 bp increase in market interest rates changed from negative at December 31, 2007 to slightly positive at December 31, 2008, while the NIR-at-risk exposure to a 100 bp downward shock in rates changed from slightly positive to significantly negative.\nThese changes were the result of two factors.\nFirst, the level of on-balance sheet liquid assets was increased during 2008 in response to the"}
{"_id": "d8df14ed8", "title": "", "text": "| 2010 High Low | Quarter ended March 31 | Quarter ended June 30 | Quarter ended September 30 | Quarter ended December 31 | 2009 | Quarter ended March 31 | Quarter ended June 30 | Quarter ended September 30 | Quarter ended December 31 |"}
{"_id": "d8f34d3f0", "title": "", "text": "| 2013 2012 2011 | Test & Measurement | Environmental | Life Sciences & Diagnostics | Dental | Industrial Technologies |"}
{"_id": "d8f0a74d4", "title": "", "text": "| As of December 31, | 2018-5 | (In millions) | Consolidated Balance Sheet Data:-1 | Cash and cash equivalents | Short-term investments | Long-term investments | Working capital - continuing operations | Working capital - discontinued operations | Working capital total-2 | Total assets - continuing operations | Total assets - discontinued operations | Total assets | Short-term debt | Long-term debt | Total stockholders’ equity-4 |"}
{"_id": "d8734bd96", "title": "", "text": "CRIP Investment and Asset Allocation Strategies.\nThe primary goal of the asset allocation strategy of the Plan is to produce a total investment return which will satisfy future annual cash benefit payments to participants and minimize future contributions from the Company.\nAdditionally, this strategy will diversify the plan assets to minimize nonsystemic risk and provide reasonable assurance that no single security or class of security will have a disproportionate impact on the Plan.\nDue to the high funded status of the Plan, the Investment Committee of the CRIP has adopted a conservative asset allocation of 50/50 in equities and fixed income.\nThe Investment Committee maintains an investment policy for the CRIP, which imposes certain limitations and restrictions regarding allowable types of investments.\nThe current investment policy imposes those restrictions on investments or transactions such as (1) Equifax common stock or securities, except as might be incidental to any pooled funds which the plan may have, (2) commodities or loans, (3) short sales and the use of margin accounts, (4) put and call options, (5) private placements, and (6) transactions which are related-party in nature as specified by the Canadian Pension Benefits Standards Act and its regulations.\nconsolidated results of operations, financial condition, or liquidity; however, to the extent possible, where unasserted claims are considered probable and where such claims can be reasonably estimated, we have recorded a liability.\nWe do not expect that any known lawsuits, claims, environmental costs, commitments, contingent liabilities, or guarantees will have a material adverse effect on our consolidated results of operations, financial condition, or liquidity after taking into account liabilities previously recorded for these matters.\nPersonal Injury  The cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year.\nWe use third-party actuaries to assist us in measuring the expense and liability, including unasserted claims.\nCompensation for work-related accidents is governed by the Federal Employers Liability Act (FELA).\nUnder FELA, damages are assessed based on a finding of fault through litigation or out-of-court settlements.\nOur personal injury liability activity was as follows:"}
{"_id": "d8c60dfc0", "title": "", "text": "| As of December | $ in millions | Net derivative liabilities under bilateral agreements | Collateral posted | Additional collateral or termination payments for a one-notch downgrade | Additional collateral or termination payments for a two-notch downgrade |"}
{"_id": "d8d20b836", "title": "", "text": "O&R Superfund The sites at which O&R has been asserted to have liability under Superfund include its manufactured gas sites, its West Nyack site, the Newark Bay site, and other Superfund sites discussed below.\nThere may be additional sites as to which assertions will be made that O&R has liability.\nFor a further discussion of claims and possible claims against O&R under Superfund, see Note G to the financial statements in Item 8 (which information is incorporated herein by reference).\nManufactured Gas Sites O&R and its predecessors formerly owned and operated manufactured gas plants at seven sites (O&R MGP Sites) in Orange County and Rockland County, New York.\nThree of these sites are now owned by parties other than O&R, and have been redeveloped by them for residential, commercial or industrial uses.\nThe NYSDEC is requiring O&R to develop and implement remediation programs for the O&R MGP Sites including any neighboring areas to which contamination may have migrated.\nThrough the end of 2011, O&R has completed remedial investigations at all seven O&R MGP Sites.\nO&R has completed the remediation at one of its sites and a portion of another.\nO&R has received NYSDEC’s decision regarding the remedial work to be done at three other sites and the remaining portion of a site where remediation has been completed.\nRemedial design is ongoing for these sites and remedial construction is planned at one of the sites in 2012.\nFeasibility studies will be completed for two sites in 2012.\nWest Nyack Site In 1991, 1994 and 1997, O&R entered into consent orders with the NYSDEC pursuant to which O&R agreed to conduct a remedial investigation and remediate certain property it owns in West Nyack, New York at which PCBs were discovered.\nPetroleum contamination related to a leaking underground storage tank was found as well.\nO&R has completed all"}
{"_id": "d86eac52e", "title": "", "text": "| 2008 2007 2006 | Weighted average fair value of options granted | Expected volatility | Dividend yield | Expected life of options in years | Risk-free interest rate |"}
{"_id": "d884f24c8", "title": "", "text": "The table below reports net interest income exposures against a variety of interest rate scenarios.\nExposures are measured as a percentage change in net interest income over the next year due to either instantaneous, or gradual parallel +/- 200 basis point moves in benchmark interest rates.\nThe net interest income simulation analyses do not include possible future actions that management might undertake to mitigate this risk.\nThe current limit is an adverse change of 10% related to an instantaneous +/- 200 basis point move.\nAs the table illustrates, our balance sheet is asset-sensitive: net interest income would benefit from an increase in interest rates.\nExposure to a decline in interest rates is well within limit.\nIt should be noted that the magnitude of any possible decline in interest rates is constrained by the low absolute starting levels of rates.\nWhile an instantaneous and severe shift in interest rates was used in this analysis, we believe that any actual shift in interest rates would likely be more gradual and would therefore have a more modest impact."}
{"_id": "d87c71f74", "title": "", "text": "| 2003 $1,150,786 | 2004 | 2005 | 2006 | 2007 | Settlement date before December 31, | 2016 | December 31, 2015 | (millions) | Foreign currency sold | US dollars sold for sterling | Euro sold for US dollars | Japanese yen sold for US dollars | Euro sold for sterling | Total | Fair Value(i) |"}
{"_id": "d87ef40c6", "title": "", "text": "| 2013 2012 2011 2010 2009 | As of December 31(dollars in millions) | Commercial Banking: | Commercial real estate | Commercial and industrial | Equipment financing | Retail: | Residential mortgage | Home equity | Other consumer | Total originated allowance for loan losses |"}
{"_id": "d88d0bbf0", "title": "", "text": "| Con Edison Con Edison of New York | (% of Pre-tax income) | Statutory Tax Rate | Federal | Changes in computed taxes resulting from: | State income tax | Depreciation related differences | Cost of removal | Other | Effective Tax Rate |"}
{"_id": "d8abfd1e4", "title": "", "text": "| In millions of dollars 2008 2007 2006 | Total revenues, net of interest expense | Income (loss) from discontinued operations | Loss on sale | Provision (benefit) for income taxes and minority interest, net of taxes | Income (loss) from discontinued operations, net of taxes | In millions of dollars | Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Net cash provided by (used in) discontinued operations |"}
{"_id": "d8e075f5c", "title": "", "text": "Table of Contents QUALCOMM Incorporated NOTES TO CONSOLIDATED FINANCIAL STATEMENTS suboptimal exercise factor are based on the Companys historical option cancellation and employee exercise information, respectively.\nThe expected life of employee stock options is a derived output of the binomial model and is impacted by all of the underlying assumptions used by the Company.\nThe weighted-average expected life of employee stock options granted, as derived from the binomial model, was 5.5 years, 5.6 years and 5.9 years during fiscal 2010, 2009 and 2008, respectively.\nThe grant-date fair values of RSUs are estimated based on the fair market values of the underlying stock on the dates of grant.\nThe weighted-average estimated fair values of employee RSUs granted during fiscal 2010 and 2008 were $35.61 and $54.42 per share, respectively.\nNo RSUs were granted in fiscal 2009.\nShares are issued on the vesting dates net of the amount of shares needed to satisfy statutory tax withholding requirements to be paid by the Company on behalf of the employees.\nAs a result, the actual number of shares issued will be fewer than the actual number of RSUs outstanding.\nShare-based compensation expense is adjusted to exclude amounts related to share-based awards that are expected to be forfeited.\nThe annual pre-vest forfeiture rate for stock options and RSUs granted in fiscal 2010 was estimated to be approximately 3% based on historical experience.\nThe effect of pre-vest forfeitures on the Companys recorded expense in fiscal 2010, 2009 and 2008 for awards granted prior to fiscal 2010 was negligible due to the predominantly monthly vesting of stock options that were granted in those periods.\nTotal estimated share-based compensation expense, related to all of the Companys share-based awards, was comprised as follows (in millions):"}
{"_id": "d88aa4862", "title": "", "text": "| Reporting Unit December 31, 2011 | U.S. Brokerage | Capital Markets | Retail Bank | Total goodwill | Year Ended December 31, | 2018 | Risk-free interest rate | Average expected life in years | Expected volatility | Expected dividend yield |"}
{"_id": "d8f6a87b6", "title": "", "text": "| Year Ended December 31, | 2011 | Gross | (thousands of acres) | Onshore US | Deepwater Gulf of Mexico | Equatorial Guinea | Suriname | Total |"}
{"_id": "d8edcea5a", "title": "", "text": "| U.S. and non-U.S. plans | In millions of dollars | Postretirement expense-1 | Company contributions |"}
{"_id": "d8dc6d73e", "title": "", "text": "| As of December 2014  Type of Retained Interests | $ in millions | Fair value of retained interests | Weighted average life (years) | Constant prepayment rate | Impact of 10% adverse change | Impact of 20% adverse change | Discount rate | Impact of 10% adverse change | Impact of 20% adverse change | As of December 2013 Type of Retained Interests | $ in millions | Fair value of retained interests | Weighted average life (years) | Constant prepayment rate | Impact of 10% adverse change | Impact of 20% adverse change | Discount rate | Impact of 10% adverse change | Impact of 20% adverse change |"}
{"_id": "d8608195e", "title": "", "text": "$30.6 billion for Bank of America Corporation, $11.6 billion for Bank of America, N. A.  and $9.4 billion of other debt.\nIn December 2017, pursuant to a private offering, the Corporation exchanged $11.0 billion of outstanding long-term debt for new fixed/floating-rate senior notes, subject to certain terms and conditions.\nBased on the attributes of the exchange transactions, the newly issued securities are not considered substantially different, for accounting purposes, from the exchanged securities.\nTherefore, there was no impact to the Corporations results of operations as any amounts paid to debt holders were capitalized, and the premiums or discounts on the outstanding long-term debt were carried over to the new securities and will be amortized over their contractual lives using a revised effective interest rate."}
{"_id": "d8888e000", "title": "", "text": "| SharesAuthorizedand Outstanding Call Price perShare as ofDecember 31, 2017 | 2017 | Entergy Arkansas Preferred Stock | Without sinking fund: | Cumulative, $100 par value: | 4.32% Series | 4.72% Series | 4.56% Series | 4.56% 1965 Series | Total without sinking fund |"}
{"_id": "d8f40b580", "title": "", "text": "| At July 31, 2018 At July 31, 2017 | (In millions) | Cash equivalents: | In cash and cash equivalents | Available-for-sale debt securities: | In investments | In funds held for customers | In long-term investments | Total available-for-sale debt securities |"}
{"_id": "d8edb975e", "title": "", "text": "Australia, China, India and Japan, was partially muted by foreign currency translation, which had a $63.9 million negative impact on total revenue during the year ended December 31, 2013 primarily driven by weakness in the Australian dollar, Japanese yen and Indian rupee when converting to U. S.  dollars during the year ended December 31, 2013 versus the year ended December 31, 2012.\nCost of services increased by $45.8 million, or 9.0%, for the year ended December 31, 2013 as compared to the year ended December 31, 2012, driven by increased commission expense resulting from higher sales transaction revenue and higher payroll-related costs due to increased headcount.\nHigher salaries and related costs associated with our property, facilities and project management contracts also contributed to the increase.\nForeign currency translation had a $37.5 million positive impact on cost of services during the year ended December 31, 2013.\nCost of services as a percentage of revenue increased to 63.8% for the year ended December 31, 2013 from 62.5% for the year ended December 31, 2012, primarily attributable to a concentration of commissions among higher producing professionals during the year ended December 31, 2013."}
{"_id": "d88c4b120", "title": "", "text": "| Year ended December 31, | 2009 | (in millions) | Operating results: | Revenues | Expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments(1) | Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests -2 | Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d8df5fe92", "title": "", "text": "| 2011 % Change 2010 % Change 2009 | Revenue | Gross Profit | Gross Profit Margin |"}
{"_id": "d86ce3cba", "title": "", "text": "| As of and for the Year Ended December 31, | (dollars in millions) | Net interest income | Noninterest income | Total revenue | Noninterest expense | Profit before provision for credit losses | Provision for credit losses | Income before income tax expense | Income tax expense | Net income | Loans and leases and loans held for sale (year-end) | Average Balances: | Total assets | Loans and leases and loans held for sale-1 | Deposits and deposits held for sale-2 | Interest-earning assets | Key Performance Metrics: | Net interest margin | Efficiency ratio | Average loans to average deposits ratio-3 | Return on average total tangible assets | Return on average tangible common equity-4 | Years | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 – 2019 |"}
{"_id": "d8ae0610c", "title": "", "text": "Noble Energy, Inc.\nSupplemental Oil and Gas Information (Unaudited) 118 Capitalized Costs Relating to Oil and Gas Producing Activities (Unaudited) Aggregate capitalized costs relating to crude oil and natural gas producing activities are as follows:"}
{"_id": "d8bc8d338", "title": "", "text": "| (in millions) 2017 2016 2015 | Beginning AUM | Net inflows (outflows) | Long-term | Cash management | Advisory-1 | Total net inflows (outflows) | Acquisitions-2 | Market change | FX impact-3 | Total change | Ending AUM | (in millions) | Retail: | Equity | Fixed income | Multi-asset | Alternatives | Retail subtotal | iSharesETFs: | Equity | Fixed income | Multi-asset | Alternatives | iSharesETFs subtotal | Institutional: | Active: | Equity | Fixed income | Multi-asset | Alternatives | Active subtotal | Index: | Equity | Fixed income | Multi-asset | Alternatives | Index subtotal | Institutional subtotal | Long-term | Cash management | Advisory-4 | Total |"}
{"_id": "d8738a348", "title": "", "text": "Oilfield Services Full-year 2011 revenue of $37.0 billion was 39% higher than 2010 primarily reflecting the acquisition of Smith on August 27, 2010 as well as the significantly improved activity, pricing and asset efficiency for Well Services Technologies in North America as the market transitioned to liquid-rich plays demanding increasing service intensity in drilling and completing horizontal wells.\nYear-on-year pretax operating margin increased 75 bps to 19.8% largely due to the improved pricing and asset efficiency for Well Services Technologies in North America and the resumption of higher-margin activity in the US Gulf of Mexico.\nHowever, the margin expansion was tempered by activity disruptions from the geopolitical unrest in North Africa and in the Middle East during the first quarter of 2011."}
{"_id": "d8e5a9780", "title": "", "text": "| Years Ended December 31, | 2010 | Estimated | Carrying | Value Prior to | Measurement | (In millions) | Mortgage loans: -1 | Held-for-investment | Held-for-sale | Mortgage loans, net | Other limited partnership interests -2 | Real estate joint ventures -3 |"}
{"_id": "d874be264", "title": "", "text": "| Expected Maturity Date | 2016 | Fixed-rate debt | Weighted avg. interest rate | Variable-rate debt | Weighted avg. interest rate |"}
{"_id": "d8aac31b6", "title": "", "text": "| Years Ended | September 27, 2008 | Amount | Service and Other Revenues |"}
{"_id": "d8a44de1c", "title": "", "text": "These products are often offered to employer groups as bundles, where the subscribers are offered various HMO and PPO options, with various employer contribution strategies as determined by the employer.\nParamount to our product strategy, we have developed a group of innovative consumer products, styled as Smart products, that we believe will be a long-term solution for employers.\nWe believe this new generation of products provides more (1) choices for the individual consumer, (2) transparency of provider costs, and (3) benefit designs that engage consumers in the costs and effectiveness of health care choices.\nInnovative tools and technology are available to assist consumers with these decisions, including the trade-offs between higher premiums and point-of-service costs at the time consumers choose their plans, and to suggest ways in which the consumers can maximize their individual benefits at the point they use their plans.\nWe believe that when consumers can make informed choices about the cost and effectiveness of their health care, a sustainable long term solution for employers can be realized.\nSmart products, which accounted for approximately 55% of enrollment in all of our consumer-choice plans as of December 31, 2007, are only sold to employers who use Humana as their sole health insurance carrier.\nSome employers have selected other types of consumer-choice products, such as, (1) a product with a high deductible, (2) a catastrophic coverage plan, or (3) ones that offer a spending account option in conjunction with more traditional medical coverage or as a stand alone plan.\nUnlike our Smart products, these products, while valuable in helping employers deal with near-term cost increases by shifting costs to employees, are not considered by us to be long-term comprehensive solutions to the employers cost dilemma, although we view them as an important interim step.\nHMO Our commercial HMO products provide prepaid health insurance coverage to our members through a network of independent primary care physicians, specialty physicians, and other health care providers who\nHumana Inc.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) During 2008, we terminated all of our interest-rate swap agreements for cash consideration of $93.0 million.\nWe recognized a $10.4 million impairment charge as a realized investment loss associated with the termination of a swap with a subsidiary of Lehman, which subsequently filed for bankruptcy protection.13.\nEMPLOYEE BENEFIT PLANS Employee Savings Plan We have defined contribution retirement and savings plans covering eligible employees.\nOur contribution to these plans is based on various percentages of compensation, and in some instances, on the amount of our employees contributions to the plans.\nThe cost of these plans amounted to approximately $79.6 million in 2008, $69.7 million in 2007, and $56.0 million in 2006, all of which was funded currently to the extent it was deductible for federal income tax purposes.\nBased on the closing stock price of $37.28 on December 31, 2008, approximately 19% of the retirement and savings plans assets were invested in our common stock representing 3% of the shares outstanding as of December 31, 2008.\nThrough December 31, 2006, the Company match was invested in the Humana common stock fund.\nHowever, a participant could reinvest any funds, including the Company match in the Humana common stock fund, in any other plan investment option at any time.\nBeginning January 1, 2007, the Companys cash match is invested pursuant to the participants contribution direction.\nStock-Based Compensation We have plans under which options to purchase our common stock and restricted stock awards have been granted to executive officers, directors and key employees.\nThe terms and vesting schedules for stock-based awards vary by type of grant.\nGenerally, the awards vest upon time-based conditions.\nUpon exercise, stock-based compensation awards are settled with authorized but unissued company stock.\nThe compensation expense that has been charged against income for these plans was as follows for the years ended December 31, 2008, 2007, and 2006:"}
{"_id": "d89337d94", "title": "", "text": "Reported within interest and other income, net in our consolidated statement of operations.\nThe comparability of our operating results has also been affected by the inclusion of a 53 week in Fiscal 2010, which resulted in incremental revenues of approximately $70 million and additional net income of approximately $13 million in Fiscal 2010.\nThe following discussion of operating results highlights, as necessary, the significant changes in operating results arising from these items and transactions.\nHowever, unusual items or transactions may occur in any period.\nAccordingly, investors and other financial statement users individually should consider the types of events and transactions that have affected operating trends."}
{"_id": "d88ea2428", "title": "", "text": "| Average Interest Rate Amortized Cost Fair Value | Cash equivalents: | Fixed rate | Variable rate | Short-term investments: | Fixed rate |"}
{"_id": "d88a11dc8", "title": "", "text": "| December 31, | 2016 | (millions, except percentages) | Total Cash-1 | Amount Available to be Borrowed Under Revolving Credit Facility-2 | Total Liquidity | Total Debt-3 | Noble Energy Share of Equity | Ratio of Debt-to-Book Capital-4 |"}
{"_id": "d8c28a7c2", "title": "", "text": "| (in millions of U.S. dollars) 2008 2007 | Fair value of net assets denominated in foreign currencies | Percentage of fair value of total net assets | Pre-tax impact on equity of hypothetical 10 percent strengthening of the U.S. dollar |"}
{"_id": "d8a854402", "title": "", "text": "| Weighted- Average Exercise Price Per Share Shares TotalIntrinsic Value of Shares Average Remaining Life (Years) | Beginning of year | Options granted | Options exercised | Options canceled | End of year | Exercisable at end of year |"}
{"_id": "d875162f2", "title": "", "text": "In 2016, Arconic also recognized discrete income tax benefits related to the release of valuation allowances on certain net deferred tax assets in Russia and Canada of $19 and $20 respectively.\nAfter weighing all available evidence, management determined that it was more likely than not that the net income tax benefits associated with the underlying deferred tax assets would be realizable based on historic cumulative income and projected taxable income.\nArconic also recorded additional valuation allowances in Australia of $93 related to the Separation Transaction, in Spain of $163 related to a tax law change and in Luxembourg of $280 related to the Separation Transaction as well as a tax law change.\nThese valuation allowances fully offset current year changes in deferred tax asset balances of each respective jurisdiction, resulting in no net impact to tax expense.\nThe need for a valuation allowance will be reassessed on a continuous basis in future periods by each jurisdiction and, as a result, the allowances may increase or decrease based on changes in facts and circumstances."}
{"_id": "d8727efa8", "title": "", "text": "Contingent Obligations We have significant contingent obligations that arise in the ordinary course of business, which include the following: Legal Various legal proceedings, claims and investigations are pending against us.\nLegal contingencies are discussed in Note 20 to our Consolidated Financial Statements.\nEnvironmental Remediation We are involved with various environmental remediation activities and have recorded a liability of $566 million at December 31, 2015.\nFor additional information, see Note 11 to our Consolidated Financial Statements.\nIncome Taxes We have $1,617 million of unrecognized tax benefits at December 31, 2015 for uncertain tax positions.\nFor further discussion of income taxes, see Note 4 to our Consolidated Financial Statements.\n?\nFree Cash Flow – Cash generated by operating activities totaled $6.2 billion, reduced by $3.6 billion for cash used in investing activities and a 37% increase in dividends paid, yielding free cash flow of $1.4 billion.\nFree cash flow is defined as cash provided by operating activities (adjusted for the reclassification of our receivables securitization facility), less cash used in investing activities and dividends paid.\nFree cash flow is not considered a financial measure under accounting principles generally accepted in the U. S.  (GAAP) by SEC Regulation G and Item 10 of SEC Regulation S-K and may not be defined and calculated by other companies in the same manner.\nWe believe free cash flow is important to management and investors in evaluating our financial performance and measures our ability to generate cash without additional external financings.\nFree cash flow should be considered in addition to, rather than as a substitute for, cash provided by operating activities.\nThe following table reconciles cash provided by operating activities (GAAP measure) to free cash flow (non-GAAP measure):\n[a] Effective January 1, 2010, a new accounting standard required us to account for receivables transferred under our receivables securitization facility as secured borrowings in our Consolidated Statements of Financial Position and as financing activities in our Consolidated Statements of Cash Flows.\nThe receivables securitization facility is included in our free cash flow calculation to adjust cash provided by operating activities as though our receivables securitization facility had been accounted for under the new accounting standard for all periods presented.2013 Outlook ?"}
{"_id": "d8cf9f426", "title": "", "text": "| Year Ended December 31 2005 2004 2003 | Depr. &Amort. | (In millions) | CNA Financial | Lorillard | Loews Hotels | Diamond Offshore | Boardwalk Pipeline | Corporate and other | Total |"}
{"_id": "d8bd67632", "title": "", "text": "Class B Common Stock Conversions At the annual meeting of stockholders of the Company on June 7, 2007, the Companys stockholders approved amendments to the Companys certificate of incorporation designed to facilitate an accelerated, orderly conversion of Class B common stock into Class A common stock for subsequent sale.\nThrough conversion transactions, in amounts and at times designated by the Company, current holders of shares of Class B common stock who elect to participate will be eligible to convert their shares, on a one-for-one basis, into shares of Class A common stock for subsequent sale or transfer to public investors, within a 30 day transitory ownership period.\nHolders of Class B common stock are not allowed to participate in any vote of holders of Class A common stock during this transitory ownership period.\nThe number of shares of Class B common stock eligible for conversion transactions is limited to an annual aggregate number of up to 10% of the total combined outstanding shares of Class A common stock and Class B common stock, based upon the total number of shares outstanding as of December 31 of the prior calendar year.\nIn addition, prior to May 31, 2010, a conversion transaction will not be permitted that will cause the number of shares of Class B common stock to represent less than 15% of the total number of outstanding shares of Class A common stock and Class B common stock outstanding.\nDuring 2007, the Company implemented and completed two separate conversion programs in which 11,387 shares, of an eligible 13,400 shares, of Class B common stock were converted into an equal number of shares of Class A common stock and subsequently sold or transferred to public investors.\nIn February 2008, the Companys Board of Directors authorized the conversion and sale or transfer of up to 13,100 shares of Class B common stock into Class A common stock in one or more conversion programs during 2008.\nIn May 2008, the Company implemented and completed a conversion program in which all of the 13,100 authorized shares of Class B common stock were converted into an equal number of shares of Class A common stock and subsequently sold or transferred by participating holders of Class B common stock to public investors.\nIn February 2009, the Companys Board of Directors authorized the conversion and sale or transfer of up to 11,000 shares of Class B common stock into Class A common stock.\nIn May 2009, the Company implemented and completed a conversion program in which 10,871 shares of Class B common stock were converted into an equal number of shares of Class A common stock and subsequently sold or transferred to public investors.\nNotwithstanding the conversion transactions completed during 2007, 2008 and 2009, commencing on the fourth anniversary of the IPO, each share of Class B common stock will be convertible, at the holders option, into a share of Class A common stock on a one-for-one basis.\nIn February 2010, the Companys Board of Directors authorized programs to facilitate conversions of shares of Class B common stock on a one-for-one"}
{"_id": "d8c528556", "title": "", "text": "| December 31 | (Dollars in millions) | Consumer | Residential mortgage-2 | Home equity | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer-3 | Other consumer-4 | Total consumer loans excluding loans accounted for under the fair value option | Consumer loans accounted for under the fair value option-5 | Total consumer | Commercial | U.S. commercial-6 | Commercial real estate-7 | Commercial lease financing | Non-U.S. commercial | Total commercial loans excluding loans accounted for under the fair value option | Commercial loans accounted for under the fair value option-5 | Total commercial | Total loans and leases |"}
{"_id": "d8c3dd70a", "title": "", "text": "| Year Ended December 31, | (dollars in millions) | Service charges and fees | Card fees | Mortgage banking fees | Trust and investment services fees | Foreign exchange and trade finance fees | Capital markets fees | Bank-owned life insurance income | Securities gains, net | Other income-1 | Noninterest income | 2015 | (DOLLARS IN THOUSANDS) | Cash and cash equivalents-1 | Credit facilities and bank overdrafts-2 | Long-term debt:-3 | Senior notes — 2006 | Senior notes — 2007 | Senior notes — 2013 |"}
{"_id": "d8d7837e6", "title": "", "text": "| As of December | $ in millions | Equity | Debt | Total |"}
{"_id": "d8a7f54d4", "title": "", "text": "| In millions of dollars December 31, 2008 December 31, 2007 | Carrying amount reported on the Consolidated Balance Sheet | Aggregate fair value in excess of unpaid principal balance | Balance on non-accrual loans or loans more than 90 days past due | Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue |"}
{"_id": "d87f3c38a", "title": "", "text": "Property Management Expenses Property management expenses for the year ended December 31, 2015 were approximately $31.0 million, a decrease of $1.1 million from the year ended December 31, 2014.\nThe majority of the decrease was related to a decrease in state franchise taxes of $2.1 million, partially offset by an increase in insurance expense of $0.6 million, an increase in payroll expense of $0.3 million, and an increase in incentive expense $0.3 million."}
{"_id": "d86040026", "title": "", "text": "| (In thousands) March 2019 March 2018 December 2017 | Trade | Royalty and other | Total accounts receivable | Less allowance for doubtful accounts | Accounts receivable, net |"}
{"_id": "d89309584", "title": "", "text": "| Years ended December 31, 2010 2009 2008 | Retail brokerage: | Americas | United Kingdom | Europe, Middle East & Africa | Asia Pacific | Total retail brokerage | Reinsurance brokerage | Total |"}
{"_id": "d89db74b8", "title": "", "text": "| Year ended December 31, 2007 Residential mortgage | (in millions, except for ratios and where | otherwise noted) | Principal securitized | Pretax gains | All cash flows during the period: | Proceeds from new securitizations | Servicing fees collected | Other cash flows received(a) | Proceeds from collections reinvestedin revolving securitizations | Purchases of previously transferredfinancial assets (or the underlyingcollateral)(b) | Cash flows received on the intereststhat continue to be held by theFirm(d) | Key assumptions used to measure retainedinterests originated during the year(rates per annum): | Prepaymentrate(e) | PPR | Weighted-average life (in years) | Expected credit losses | Discount rate |"}
{"_id": "d861b4718", "title": "", "text": "| Year Ended December 31 % Change in | $ in millions | Sales | Operating income | Operating margin rate |"}
{"_id": "d8e42cefc", "title": "", "text": "| As of December 2017 | DBRS | Short-term debt | Long-term debt | Subordinated debt | Trust preferred | Preferred stock | Ratings outlook |"}
{"_id": "d877bddc0", "title": "", "text": "The Company monitors the financial health and stability of its lenders under the revolving credit and long term debt facilities, however during any period of significant instability in the credit markets lenders could be negatively impacted in their ability to perform under these facilities.\nIn July 2011, in connection with the Company’s acquisition of its corporate headquarters, the Company assumed a $38.6 million nonrecourse loan secured by a mortgage on the acquired property.\nThe acquisition of the Company’s corporate headquarters was accounted for as a business combination, and the carrying value of the loan secured by the acquired property approximates fair value.\nThe assumed loan had an original term of approximately ten years with a scheduled maturity date of March 1, 2013.\nThe loan includes a balloon payment of $37.3 million due at maturity, and may not be prepaid.\nThe assumed loan is nonrecourse with the lender’s remedies for non-performance limited to action against the acquired property and certain required reserves and a cash collateral account, except for nonrecourse carve outs related to fraud, breaches of certain representations, warranties or covenants, including those related to environmental matters, and other standard carve outs for a loan of this type.\nThe loan requires certain minimum cash flows and financial results from the property, and if those requirements are not met, additional reserves may be required.\nThe assumed loan requires prior approval of the lender for certain matters related to the property, including material leases, changes to property management, transfers of any part of the property and material alterations to the property.\nThe loan has an interest rate of 6.73%.\nIn connection with the assumed loan, the Company incurred and capitalized $0.8 million in deferred financing costs.\nAs of December 31, 2011, the outstanding balance on the loan was $38.2 million.\nIn addition, in connection with the assumed loan for the acquisition of its corporate headquarters, the Company was required to set aside amounts in reserve and cash collateral accounts.\nAs of December 31, 2011, $2.0 million of restricted cash was included in prepaid expenses and other current assets, and the remaining $3.0 million of restricted cash was included in other long term assets.\nInterest expense was $3.9 million, $2.3 million and $2.4 million for the years ended December 31, 2011, 2010 and 2009, respectively.\nInterest expense includes the amortization of deferred financing costs and interest expense under the credit and long term debt facilities, as well as the assumed loan discussed above.8.\nCommitments and Contingencies Obligations Under Operating Leases The Company leases warehouse space, office facilities, space for its retail stores and certain equipment under non-cancelable operating leases.\nThe leases expire at various dates through 2023, excluding extensions at the Company’s option, and include provisions for rental adjustments.\nThe table below includes executed lease agreements for factory house stores that the Company did not yet occupy as of December 31, 2011 and does not include contingent rent the company may incur at its retail stores based on future sales above a specified limit.\nThe following is a schedule of future minimum lease payments for non-cancelable real property operating leases as of December 31, 2011:"}
{"_id": "d819d2670", "title": "", "text": "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES In June 2006, the FASB issued FASB Interpretation No.48 (FIN 48), Accounting for Uncertainty in Income Taxes, an Interpretation of FASB Statement No.109.\n FIN 48 prescribes a recognition threshold and measurement attribute for the financial statement recognition and measurement of a tax position taken or expected to be taken in a tax return.\nThis interpretation also provides guidance on classification, interest and penalties, accounting in interim periods and transition, and significantly expands income tax disclosure requirements.\nIt applies to all tax positions accounted for in accordance with SFAS No.109 and is effective for fiscal years beginning after December 15, 2006.  International Paper will apply the provisions of this interpretation beginning"}
{"_id": "d8cfa9d68", "title": "", "text": "| 2006 2005 2004 | (in millions) | Net income | Other comprehensive income (loss), net of tax: | Change in foreign currency translation adjustments | Change in net unrealized investments gains (losses)(1) | Additional minimum pension liability adjustment | Cumulative effect of accounting change | Other comprehensive loss, net of tax benefit of $264, $371, $461 | Comprehensive income | Accumulated Other Comprehensive Income (Loss) | Foreign Currency Translation Adjustments | (in millions) | Balance, December 31, 2003 | Change in component during year-2 | Balance, December 31, 2004 | Change in component during year | Balance, December 31, 2005 | Change in component during year | Impact of adoption of SFAS No. 158-3 | Balance, December 31, 2006 |"}
{"_id": "d8f310004", "title": "", "text": "| Net tangible assets acquired as of July 13, 2006 $800 | In-process research and development | Developed technology and know how | Customer relationship | Trade name | Order Backlog | Deferred income taxes | Goodwill | Estimated Purchase Price |"}
{"_id": "d8dc23724", "title": "", "text": "| (in millions) 2003 2002 Change | Compensation expense | Occupancy expense | Technology and communications expense | Other expense | Surety settlement and litigation reserve | Merger and restructuring costs | Total noninterest expense |"}
{"_id": "d886a113e", "title": "", "text": "Proven, or measured, reserves are those reserves for which the quantity is computed from dimensions revealed by drill data, together with other direct and measurable observations such as outcrops, trenches and quarry faces.\nThe grade and quality of those reserves are computed from the results of detailed sampling, and the sampling and measurement data are spaced so closely and the geologic character is so well defined that size, shape, depth and mineral content of reserves are well established.\nProbable, or indicated, reserves are those reserves for which quantity and grade and quality are computed partly from specific measurements and partly from projections based on reasonable, though not drilled, geologic evidence.\nThe degree of assurance, although lower than that for proven reserves, is high enough to assume continuity between points of observation.\nReported proven and probable reserves include only quantities that are owned in fee or under lease, and for which all appropriate zoning and permitting have been obtained.\nLeases, zoning, permits, reclamation plans and other government or industry regulations often set limits on the areas, depths and lengths of time allowed for mining, stipulate setbacks and slopes that must be left in place, and designate which areas may be used for surface facilities, berms, and overburden or waste storage, among other requirements and restrictions.\nOur reserve estimates take into account these factors.\nTechnical and economic factors also affect the estimates of reported reserves regardless of what might otherwise be considered proven or probable based on a geologic analysis.\nFor example, excessive overburden or weathered rock, rock quality issues, excessive mining depths, groundwater issues, overlying wetlands, endangered species habitats, and rights of way or easements may effectively limit the quantity of reserves considered proven and probable.\nIn addition, computations for reserves in-place are adjusted for estimates of unsaleable sizes and materials as well as pit and plant waste.\nThe 15.0 billion tons of estimated proven and probable aggregates reserves reported at the end of 2013 and 2012 include reserves at inactive and greenfield (undeveloped) sites.\nThe table below presents, by region, the tons of proven and probable aggregates reserves as of December 31, 2013 and the types of facilities operated."}
{"_id": "d89337a42", "title": "", "text": "Fiscal 2011 Compared to Fiscal 2010 Net Sales Net sales for Fiscal 2011 were $6,170.5 million, an increase of $245.3 million, or 4.1%, over net sales for Fiscal 2010.\nThis growth was primarily due to an increase in comparable store sales and sales from AAP and AI stores opened within the last year.\nAAP produced sales of $5,884.9 million, an increase of $193.8 million, or 3.4%, over Fiscal 2010.\nThe AAP comparable store sales increase of 1.9% was driven by an increase in average sales per customer.\nAI produced sales of $301.1 million, an increase of $51.6 million, or 20.7%, over Fiscal 2010."}
{"_id": "d838d6698", "title": "", "text": "| December 31, 2007(in millions) 2007 | Third-party | Retained interest | Total | December 31, 2007 (in billions) | Top 12 states | California | New York | Texas | Florida | Illinois | Ohio | New Jersey | Michigan | Arizona | Pennsylvania | Colorado | Indiana | All other | Total |"}
{"_id": "d81922a0e", "title": "", "text": "CRITICAL ACCOUNTING ESTIMATES Our financial results are affected by the selection and application of accounting policies and methods.\nSignificant accounting policies which require managements judgment are discussed below.\nExcess Inventory and Instruments  We must determine as of each balance sheet date how much, if any, of our inventory may ultimately prove to be unsaleable or unsaleable at our carrying cost.\nSimilarly, we must also determine if instruments on hand will be put to productive use or remain undeployed as a result of excess supply.\nReserves are established to effectively adjust inventory and instruments to net realizable value.\nTo determine the appropriate level of reserves, we evaluate current stock levels in relation to historical and expected patterns of demand for all of our products and instrument systems and components.\nThe basis for the determination is generally the same for all inventory and instrument items and categories except for work-in-progress inventory, which is recorded at cost.\nObsolete or discontinued items are generally destroyed and completely written off.\nManagement evaluates the need for changes to valuation reserves based on market conditions, competitive offerings and other factors on a regular basis.\nIncome Taxes  Our income tax expense, deferred tax assets and liabilities and reserves for unrecognized tax benefits reflect managements best assessment of estimated future taxes to be paid.\nWe are subject to income taxes in both the U. S.  and numerous foreign jurisdictions.\nSignificant judgments and estimates are required in determining the consolidated income tax expense.\nWe estimate income tax expense and income tax liabilities and assets by taxable jurisdiction.\nRealization of deferred tax assets in each taxable jurisdiction is dependent on our ability to generate future taxable income sufficient to realize the benefits.\nWe evaluate deferred tax assets on an ongoing basis and provide valuation allowances if it is determined to be more likely than not that the deferred tax benefit will not be realized.\nFederal income taxes are provided on the portion of the income of foreign subsidiaries that is expected to be remitted to the U. S.  The calculation of our tax liabilities involves dealing with uncertainties in the application of complex tax laws and regulations in a multitude of jurisdictions across our global operations.\nWe are subject to regulatory review or audit in virtually all of those jurisdictions and those reviews and audits may require extended periods of time to resolve.\nWe record our income tax provisions based on our knowledge of all relevant facts and circumstances, including existing tax laws, our experience with previous settlement agreements, the status of current examinations and our understanding of how the tax authorities view certain relevant industry and commercial matters.\nWe recognize tax liabilities in accordance with the Financial Accounting Standards Boards (FASB) guidance on income taxes and we adjust these liabilities when our judgment changes as a result of the evaluation of new information not previously available.\nDue to the complexity of some of these uncertainties, the ultimate resolution may result in a payment that is materially different from our current estimate of the tax liabilities.\nThese differences will be reflected as increases or decreases to income tax expense in the period in which they are determined.\nCommitments and Contingencies  Accruals for product liability and other claims are established with the assistance of internal and external legal counsel based on current information and historical settlement information for claims, related legal fees and for claims incurred but not reported.\nWe use an actuarial model to assist management in determining an appropriate level of accruals for product liability claims.\nHistorical patterns of claim loss development"}
{"_id": "d8ce7fc30", "title": "", "text": "| Percent Change | For the years ended December 31, | In millions of dollars except per share amounts | Net Sales | Cost of Sales | Gross Profit | Gross Margin | SM&A Expense | SM&A Expense as a percent of net sales | Long-Lived and Intangible Asset Impairment Charges | Business Realignment Costs | Operating Profit | Operating Profit Margin | Interest Expense, Net | Other (Income) Expense, Net | Provision for Income Taxes | Effective Income Tax Rate | Net Income Including Noncontrolling Interest | Less: Net Loss Attributable to Noncontrolling Interest | Net Income Attributable to The Hershey Company | Net Income Per Share—Diluted | December 31, | ContractAmount | In millions of dollars | Foreign currency forward exchange contracts to purchase foreign currencies | Foreign currency forward exchange contracts to sell foreign currencies |"}
{"_id": "d8bd97436", "title": "", "text": "Entergy Corporation Notes to Consolidated Financial Statements 52 Income Taxes Entergy Corporation and the majority of its subsidiaries file a United States consolidated federal income tax return.\nIncome taxes are allocated to the subsidiaries in proportion to their contribution to consolidated taxable income.\nSEC regulations require that no Entergy subsidiary pay more taxes than it would have paid if a separate income tax return had been filed.\nIn accordance with SFAS 109, \nAccounting for Income Taxes,\ndeferred income taxes are recorded for all temporary differences between the book and tax basis of assets and liabilities, and for certain credits available for carryforward.\nDeferred tax assets are reduced by a valuation allowance when, in the opinion of management, it is more likely than not that some portion of the deferred tax assets will not be realized.\nDeferred tax assets and liabilities are adjusted for the effects of changes in tax laws and rates in the period in which the tax or rate was enacted.\nInvestment tax credits are deferred and amortized based upon the average useful life of the related property, in accordance with ratemaking treatment.\nEarnings per Share The following table presents Entergy's basic and diluted earnings per share (EPS) calculation included on the consolidated income statement:"}
{"_id": "d890fbb7a", "title": "", "text": "| Fair Value Impact | In Millions | Interest rate instruments | Foreign currency instruments | Commodity instruments | Equity instruments | 2017 | Cost of sales | Restructuring costs | Acquisition integration-related costs | Restructuring and integration-related costs | Selling, general and administrative expenses | Restructuring costs | Acquisition transaction-related costs | Acquisition integration-related costs | Restructuring, acquisition and integration-related costs |"}
{"_id": "d8f64afd0", "title": "", "text": "MORGAN STANLEY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) leasing business to its estimated fair value of approximately $2.0 billion.\nIn determining the charge that was recorded in the third quarter of fiscal 2005, the Company estimated the value to be realized in selling the aircraft leasing business as a whole.\nThe estimated value of the business was based on the appraised values of the aircraft portfolio, an evaluation of then current market conditions, recent transactions involving the sales of similar aircraft leasing businesses, a detailed assessment of the portfolio and additional valuation analyses.\nOn January 30, 2006, the Company announced that it had signed a definitive agreement under which it would sell its aircraft leasing business to Terra Firma, a European private equity group, for approximately $2.5 billion in cash and the assumption of liabilities.\nBased on the terms of the agreement and in accordance with SFAS No.144, “Accounting for the Impairment or Disposal of Long-Lived Assets” (“SFAS No.144”), the Company revised its estimate of the fair value (less selling costs) of the aircraft leasing business and, as a result, in the fourth quarter, reduced the pre-tax charge recorded in the third quarter of fiscal 2005 by approximately $1.1 billion.\nFull year results for fiscal 2005 reflected a charge of $509 million ($316 million after-tax).\nThe sale was completed on March 24, 2006.\nThe results for discontinued operations in fiscal 2006 included a loss of $125 million ($75 million after-tax) related to the impact of the finalization of the sales proceeds and balance sheet adjustments related to the closing.\nGross revenues from the aircraft leasing business included in discontinued operations was $137 million and $417 million in fiscal 2006 and fiscal 2005, respectively."}
{"_id": "d85dcd58c", "title": "", "text": "LENNAR CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS-(Continued) establishment of a trend and adjusts its historical information accordingly in order to develop assumptions on the projected absorption pace in the cash flow model for a community.\nIn order to determine the assumed sales prices included in its cash flow models, the Company analyzes the historical sales prices realized on homes it delivered in the community and other comparable communities in the geographical area as well as the sales prices included in its current backlog for such communities.\nIn addition, the Company considers internal and external market studies and trends, which generally include, but are not limited to, statistics on sales prices in neighboring communities and sales prices on similar products in non-neighboring communities in the geographic area where the community is located.\nWhen analyzing its historical sales prices and corresponding market studies, the Company also places greater emphasis on more current metrics and trends such as future forecasted sales prices in neighboring communities as well as future forecasted sales prices for similar products in non-neighboring communities.\nGenerally, if the Company notices a variation from historical results over a span of two fiscal quarters, the Company considers such variation to be the establishment of a trend and adjusts its historical information accordingly in order to develop assumptions on the projected sales prices in the cash flow model for a community.\nIn order to arrive at the Company's assumed costs to build and deliver homes, the Company generally assumes a cost structure reflecting contracts currently in place with its vendors adjusted for any anticipated cost reduction initiatives or increases in cost structure.\nThose costs assumed are used in the cash flow model for the Company's communities.\nSince the estimates and assumptions included in the Company's cash flow models are based upon historical results and projected trends, they do not anticipate unexpected changes in market conditions or strategies that may lead the Company to incur additional impairment charges in the future.\nUsing all available information, the Company calculates its best estimate of projected cash flows for each community.\nWhile many of the estimates are calculated based on historical and projected trends, all estimates are subjective and change from market to market and community to community as market and economic conditions change.\nThe determination of fair value also requires discounting the estimated cash flows at a rate the Company believes a market participant would determine to be commensurate with the inherent risks associated with the assets and related estimated cash flow streams.\nThe discount rate used in determining each asset's fair value depends on the community's projected life and development stage.\nThe Company generally uses a discount rate of approximately 20%, subject to the perceived risks associated with the community's cash flow streams relative to its inventory.\nThe Company estimates the fair value of inventory evaluated for impairment based on market conditions and assumptions made by management at the time the inventory is evaluated, which may differ materially from actual results if market conditions or assumptions change.\nFor example, changes in market conditions and other specific developments or changes in assumptions may cause the Company to re-evaluate its strategy regarding previously impaired inventory, as well as inventory not currently impaired but for which indicators of impairment may arise if market deterioration occurs, and certain other assets that could result in further valuation adjustments and/or additional write-offs of option deposits and pre-acquisition costs due to abandonment of those options contracts.\nAs ofNovember 30,2015, the Company reviewed its communities for potential indicators of impairments and identified 13 homebuilding communities with 931 homesites and a carrying value of $121.7 million as having potential indicators of impairment.\nOf those communities, the Company recorded valuation adjustments of $8.1 million on 209 homesites in 5 communities with a carrying value of $19.4 million.\nAs of November 30, 2014, the Company reviewed its communities for potential indicators of impairments and identified 26 homebuilding communities with 1,774 homesites and a carrying value of$145.3 million as having potential indicators of impairment.\nOf those communities, the Company recorded valuation adjustments of$2.9 million on 120 homesites in one community with a carrying value of $8.1 million.\nThe table below summarizes the most significant unobservable inputs used in the Company's discounted cash flow model to determine the fair value of its communities for which the Company recorded valuation adjustments during the years ended November 30,2015,2014 and 2013:"}
{"_id": "d8d2dc882", "title": "", "text": "do so, CME invests such contributions in assets that mirror the assumed investment choices.\nThe balances in these plans are subject to the claims of general creditors of the exchange and totaled $38.7 million and $31.8 million at December 31, 2012 and 2011 respectively.\nAlthough the value of the plans is recorded as an asset in marketable securities in the consolidated balance sheets, there is an equal and offsetting liability.\nThe investment results of these plans have no impact on net income as the investment results are recorded in equal amounts to both investment income and compensation and benefits expense.\nSupplemental Savings Plan.\nCME maintains a supplemental plan to provide benefits for employees who have been impacted by statutory limits under the provisions of the qualified pension and savings plan.\nEmployees in this plan are subject to the vesting requirements of the underlying qualified plans.\nDeferred Compensation Plan.\nA deferred compensation plan is maintained by CME, under which eligible officers and members of the board of directors may contribute a percentage of their compensation and defer income taxes thereon until the time of distribution.\nCOMEX Members’ Retirement Plan and Benefits.\nCOMEX maintains a retirement and benefit plan under the COMEX Members’ Recognition and Retention Plan (MRRP).\nThis plan provides benefits to certain members of the COMEX division based on long-term membership, and participation is limited to individuals who were COMEX division members prior to NYMEX’s acquisition of COMEX in 1994.\nNo new participants were permitted into the plan after the date of this acquisition.\nUnder the terms of the MRRP, the company is required to fund the plan with a minimum annual contribution of $0.8 million until it is fully funded.\nAll benefits to be paid under the MRRP are based on reasonable actuarial assumptions which are based upon the amounts that are available and are expected to be available to pay benefits.\nTotal contributions to the plan were $0.8 million for each of 2010 through 2012.\nAt December 31, 2012 and 2011, the obligation for the MRRP totaled $22.7 million and $21.6 million, respectively.\nAssets with a fair value of $18.4 million and $17.7 million have been allocated to this plan at December 31, 2012 and 2011, respectively, and are included in marketable securities and cash and cash equivalents in the consolidated balance sheets.\nThe balances in these plans are subject to the claims of general creditors of COMEX.13.\nCOMMITMENTS Operating Leases.\nCME Group has entered into various non-cancellable operating lease agreements, with the most significant being as follows: ?\nIn April 2012, the company sold two buildings in Chicago at 141 W.  Jackson and leased back a portion of the property.\nThe operating lease, which has an initial lease term ending on April 30, 2027, contains four consecutive renewal options for five years.  ?\nIn January 2011, the company entered into an operating lease for office space in London.\nThe initial lease term, which became effective on January 20, 2011, terminates on March 24, 2026, with an option to terminate without penalty in January 2021.  ?\nIn July 2008, the company renegotiated the operating lease for its headquarters at 20 South Wacker Drive in Chicago.\nThe lease, which has an initial term ending on November 30, 2022, contains two consecutive renewal options for seven and ten years and a contraction option which allows the company to reduce its occupied space after November 30, 2018.\nIn addition, the company may exercise a lease expansion option in December 2017.  ?\nIn August 2006, the company entered into an operating lease for additional office space in Chicago.\nThe initial lease term, which became effective on August 10, 2006, terminates on November 30, 2023.\nThe lease contains two 5-year renewal options beginning in 2023.\nAt December 31, 2012, future minimum payments under non-cancellable operating leases were payable as follows (in millions):"}
{"_id": "d8b9e7f8e", "title": "", "text": "| Total Revenues Property, Plant and Equipment | Dollars in Millions | United States | Europe | Rest of the World | Other(a) | Total |"}
{"_id": "d8aff5116", "title": "", "text": "Threadneedle Equity Incentive Plan (‘‘EIP’’) Prior to 2012, certain key Threadneedle employees were eligible for awards under the EIP based on a formula tied to Threadneedle’s financial performance.\nAwards under the EIP were first made in April 2009; prior awards were made under the equity participation plan (‘‘EPP’’).\nThe EPP and EIP awards were fully amortized as of December 31, 2015.\nDuring the years ended December 31, 2016, 2015 and 2014, cash settlements of EPP and EIP awards were $2 million, $28 million and $28 million, respectively."}
{"_id": "d8b78e904", "title": "", "text": "| Common Stock | Issued | (in millions) | Balance, December 31, 2015 | Common Stock issued | Common Stock acquired | Stock-based compensation programs-1 | Balance, December 31, 2016 | Common Stock issued | Common Stock acquired | Stock-based compensation programs-1 | Balance, December 31, 2017 | Common Stock issued | Common Stock acquired | Stock-based compensation programs-1 | Balance, December 31, 2018 |"}
{"_id": "d868cc262", "title": "", "text": "The levels of inputs used to measure fair value are as follows: Level 1 - unadjusted quoted prices for identical assets or liabilities in active markets accessible by the Company Level 2 - inputs that are observable in the marketplace other than those inputs classified as Level 1 Level 3 - inputs that are unobservable in the marketplace and significant to the valuation The Company’s financial assets and liabilities measured at fair value on a recurring basis include securities available for sale and derivative financial instruments.\nSecurities available for sale include US corporate bonds and equity securities.\nDerivative financial instruments include interest rate swaps and foreign currency forwards and swaps.\nMarketable Securities.\nWhere possible, the Company utilizes quoted prices in active markets to measure debt and equity securities; such items are classified as Level 1 in the hierarchy and include equity securities.\nWhen quoted market prices for identical assets are unavailable, varying valuation techniques are used.\nCommon inputs in valuing these assets include, among others, benchmark yields, issuer spreads and recently reported trades.\nSuch assets are classified as Level 2 in the hierarchy and typically include corporate bonds.\nMutual funds are valued at the net asset value per share or unit multiplied by the number of shares or units held as of the measurement date.\nDerivatives.\nDerivative financial instruments are valued in the market using discounted cash flow techniques.\nThese techniques incorporate Level 1 and Level 2 inputs such as interest rates and foreign currency exchange rates.\nThese market inputs are utilized in the discounted cash flow calculation considering the instrument’s term, notional amount, discount rate and credit risk.\nSignificant inputs to the derivative valuation for interest rate swaps and foreign currency forwards and swaps are observable in the active markets and are classified as Level 2 in the hierarchy.\nAssets and liabilities measured at fair value on a recurring basis are as follows"}
{"_id": "d884a1492", "title": "", "text": "Net periodic benefit cost of the Corporations plans for 2015, 2014 and 2013 included the following components.\nComponents of Net Periodic Benefit Cost"}
{"_id": "d8ebf38c0", "title": "", "text": "The descriptions and fair value methodologies for the U. S.  and International pension plan assets are as follows: Cash and Cash Equivalents The carrying amounts of cash and cash equivalents approximate fair value due to the short-term maturity.\nEquity Securities Equity securities are valued at the closing market price reported on a U. S.  or international exchange where the security is actively traded and are therefore classified as Level 1 assets.\nEquity Mutual and Pooled Funds Shares of mutual funds are valued at the NAV of the fund and are classified as Level 1 assets.\nUnits of pooled funds are valued at the per unit NAV determined by the fund manager based on the value of the underlying traded holdings and are classified as Level 2 assets.\nCorporate and Government Bonds Corporate and government bonds are classified as Level 2 assets, as they are either valued at quoted market prices from observable pricing sources at the reporting date or valued based upon comparable securities with similar yields and credit ratings.\nOther Pooled Funds Other pooled funds classified as Level 2 assets are valued at the NAV of the shares held at year end, which is based on the fair value of the underlying investments.\nSecurities and interests classified as Level 3 assets are carried at the estimated fair value.\nThe estimated fair value is based on the fair value of the underlying investment values, which includes estimated bids from brokers or other third-party vendor sources that utilize expected cash flow streams and other uncorroborated data including counterparty credit quality, default risk, discount rates, and the overall capital market liquidity.\nInsurance Contracts Insurance contracts are classified as Level 3 assets, as they are carried at contract value, which approximates the estimated fair value.\nThe estimated fair value is based on the fair value of the underlying investment of the insurance company and discount rates that require inputs with limited observability."}
{"_id": "d8ac575d6", "title": "", "text": "| Vascular North America Interventional North America Anesthesia North America Surgical North America EMEA Asia OEM All other Total | (Dollars in thousands) | Balance as of December 31, 2015 | Goodwill | Accumulated impairment losses | 266,459 | Goodwill related to acquisitions | Translation adjustment | Balance as of December 31, 2016 | Goodwill related to acquisitions | Translation and other adjustments | Balance as of December 31, 2017 | Gross Carrying Amount | 2017 | (Dollars in thousands) | Customer relationships | In-process research and development | Intellectual property | Distribution rights | Trade names | Non-compete agreements | $2,964,632 |"}
{"_id": "d884c6c4c", "title": "", "text": "Minimum pension liability adjustment"}
{"_id": "d8d90416a", "title": "", "text": "| Percent Change | Year Ended December 31, | (In millions except percentages and per share data) | NET OPERATING REVENUES | Cost of goods sold | GROSS PROFIT | GROSS PROFIT MARGIN | Selling, general and administrative expenses | Other operating charges | OPERATING INCOME | OPERATING MARGIN | Interest income | Interest expense | Equity income (loss) — net | Other income (loss) — net | INCOME BEFORE INCOME TAXES | Income taxes | Effective tax rate | CONSOLIDATED NET INCOME | Less: Net income attributable to noncontrolling interests | NET INCOME ATTRIBUTABLE TO SHAREOWNERS OFTHE COCA-COLA COMPANY | BASIC NET INCOME PER SHARE1 | DILUTED NET INCOME PER SHARE1 | Year Ended December 31, | Balance at beginning of year | Net charges to costs and expenses1 | Write-offs | Other2 | Balance at end of year |"}
{"_id": "d8115b370", "title": "", "text": "| 2017 2016 2015 | (Dollars in thousands) | Current: | Federal | State | Foreign | Deferred: | Federal | State | Foreign | $129,648 |"}
{"_id": "d877c9d5a", "title": "", "text": "| As of December 31, 2008 | DISH Network Awards | Restricted | Stock | Stock Incentive Awards Outstanding | Held by DISH Network employees | Held by EchoStar employees | Total |"}
{"_id": "d87e2e614", "title": "", "text": "The retail electric price variance is primarily due to an increase in the purchased power and capacity acquisition cost recovery rider, as approved by the City Council, effective with the first billing cycle of March 2016, primarily related to the purchase of Power Block 1 of the Union Power Station.\nSee Note 14 to the financial statements for discussion of the Union Power Station purchase.\nThe net gas revenue variance is primarily due to the effect of less favorable weather on residential and commercial sales.\nThe volume/weather variance is primarily due to a decrease of 112 GWh, or 2%, in billed electricity usage, partially offset by the effect of favorable weather on commercial sales and a 2% increase in the average number of electric customers"}
{"_id": "d889639e4", "title": "", "text": "| Fair Value Measurements at December 31, 2011 Using: | Description | Fixed maturities available for sale: | Bonds: | U.S. Government direct, guaranteed, and government-sponsored enterprises | States, municipalities, and political subdivisions | Foreign governments | Corporates | Collateralized debt obligations | Other asset-backed securities | Redeemable preferred stocks | Total fixed maturities | Equity securities | Total fixed maturities and equity securities | Percentage of total |"}
{"_id": "d8b740984", "title": "", "text": "| 2012 2011 2010 | Ameren(a) | Ameren Missouri | Ameren Illinois | Merchant Generation |"}
{"_id": "d8ddf9a58", "title": "", "text": "| (in millions) | For the years ending December 31, | 2018 | 2019 | 2020 | 2021 | 2022 |"}
{"_id": "d8b57cd96", "title": "", "text": "Premier Banking and Investments Premier Banking and Investments includes Banc of America Investments, our full-service retail brokerage business and our Premier Banking channel.\nPB&I brings personalized banking and investment expertise through priority service with client-dedicated teams.\nPB&I provides a high-touch client experience through a network of approximately 4,400 client advisors to our affluent customers with a personal wealth profile that includes investable assets plus a mortgage that exceeds $500,000 or at least $100,000 of investable assets.\nNet Income increased $138 million, or 17 percent, primarily due to an increase in Net Interest Income.\nThe increase in Net Interest Income of $268 million, or 15 percent, was primarily driven by higher deposit spreads partially offset by lower average deposit balances.\nDeposit spreads increased 40 bps to 2.34 percent.\nNet Interest Income also benefited from higher Average Loans and Leases, mainly residential mortgages and home equity.\nNoninterest Income increased $60 million, or seven percent, primarily driven by higher Investment and Brokerage Services.\nNoninterest Expense increased $95 million, or eight percent, primarily due to increases in Personnel expense driven by the PB&I expansion of Client Managers and Financial Advisors and higher performance-based compensation."}
{"_id": "d8ab7e902", "title": "", "text": "| Restricted Stock Units Number of  RSUs Weighted  Average  Grant Date  Fair Value | RSUs at December 31, 2008 | Granted | Vested | Forfeited | RSUs at December 31, 2009 |"}
{"_id": "d87809a7c", "title": "", "text": "| Severance | In millions of dollars | Total Citigroup (pretax) | Original restructuring charge | Utilization | Balance at December 31, 2008 | Additional charge | Foreign exchange | Utilization | Changes in estimates | Balance at December 31, 2009 | In millions of dollars | Beginning balance | Purchases-1 | Disposals/payments received | Accretion | Builds (reductions) to the allowance | Increase to expected cash flows | FX/Other | Balance, December 31, 2009-2 |"}
{"_id": "d8d289efc", "title": "", "text": "| December 31 (dollars in millions) 2004 2003 | Buy | Euro | Canadian dollar | British pound | Hungarian forint | Mexican peso | Total | Years ended December 31 (dollars in millions) | Balance at beginning of year | Expense | Claims settled | Balance at end of year |"}
{"_id": "d85f61e70", "title": "", "text": "| December 31 | 2011 | (Dollars in millions) | Allowance for loan and lease losses | Residential mortgage | Home equity | Discontinued real estate | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer | U.S. commercial-1 | Commercial real estate | Commercial lease financing | Non-U.S. commercial | Total commercial-2 | Allowance for loan and lease losses | Reserve for unfunded lending commitments | Allowance for credit losses-3 |"}
{"_id": "d83562dcc", "title": "", "text": "| As of and for the Year Ended December 31, | (dollars in millions) | Net interest income | Noninterest income | Total revenue | Noninterest expense | Profit before provision for credit losses | Provision for credit losses | Income before income tax expense | Income tax expense | Net income | Loans and leases and loans held for sale (year-end)(1) | Average Balances: | Total assets | Loans and leases and loans held for sale-1 | Deposits and deposits held for sale | Interest-earning assets | Key Metrics: | Net interest margin | Efficiency ratio-2 | Average loans to average deposits ratio | Return on average total tangible assets-2 | Return on average tangible common equity-2 (3) |"}
{"_id": "d8ba5ab88", "title": "", "text": "Rent charged to operating expense was $249 million for 2015, $309 million for 2014 and $324 million for 2013.\nOperating leases include office space held in excess of current requirements.\nRent expense relating to space held for growth is included in Occupancy.\n The firm records a liability, based on the fair value of the remaining lease rentals reduced by any potential or existing sublease rentals, for leases where the firm has ceased using the space and management has concluded that the firm will not derive any future economic benefits.\nCosts to terminate a lease before the end of its term are recognized and measured at fair value on termination."}
{"_id": "d8c66145e", "title": "", "text": "| Year ended December 31,(inmillions) 2007 2006 | Balance at beginning of period after valuation allowance | Cumulative effect of change in accounting principle | Fair value at beginning of period | Originations of MSRs | Purchase of MSRs | Total additions | Change in valuation due to inputs and assumptions(a) | Other changes in fair value(b) | Total change in fair value | Fair value at December 31 | Change in unrealized (losses) gains included in income related to MSRs held at December 31 |"}
{"_id": "d895bc588", "title": "", "text": "| 2018 2017 2016 | Revenue from operations | Operating expenses: | Salaries, wages and benefits | Operating supplies and expenses | General supplies and expenses | Operating taxes and licenses | Insurance and claims | Communication and utilities | Depreciation and amortization | Purchased transportation | Building and office equipment rents | Miscellaneous expenses, net | Total operating expenses | Operating income | Interest (income) expense, net | Other expense (income), net | Income before income taxes | Provision for income taxes | Net income |"}
{"_id": "d8be6b8c6", "title": "", "text": "7.\nReinsurance The Company reinsures a portion of the insurance risks associated with its traditional life, DI and LTC insurance products through reinsurance agreements with unaffiliated reinsurance companies.\nReinsurance contracts do not relieve the Company from its primary obligation to policyholders.\nThe Company generally reinsures 90% of the death benefit liability for new term life insurance policies beginning in 2001 and new individual fixed and variable universal life insurance policies beginning in 2002.\nPolicies issued prior to these dates are not subject to these same reinsurance levels.\nHowever, for IUL policies issued after September 1, 2013 and VUL policies issued after January 1, 2014, the Company generally reinsures 50% of the death benefit liability.\nSimilarly, the Company reinsures 50% of the death benefit and morbidity liabilities related to its universal life product with long term care benefits.\nThe maximum amount of life insurance risk the Company will retain is $10 million on a single life and $10 million on any flexible premium survivorship life policy; however, reinsurance agreements are in place such that retaining more than $1.5 million of insurance risk on a single life or a flexible premium survivorship life policy is very unusual.\nRisk on fixed and variable universal life policies is reinsured on a yearly renewable term basis.\nRisk on most term life policies starting in 2001 is reinsured on a coinsurance basis, a type of reinsurance in which the reinsurer participates proportionally in all material risks and premiums associated with a policy.\nFor existing LTC policies, the Company has continued ceding 50% of the risk on a coinsurance basis to subsidiaries of Genworth Financial, Inc.  (\n‘‘Genworth’’) and retained the remaining risk.\nFor RiverSource Life of NY, this reinsurance arrangement applies for 1996 and later issues only.\nGenerally, the Company retains at most $5,000 per month of risk per life on DI policies sold on policy forms introduced in most states in 2007 and reinsures the remainder of the risk on a coinsurance basis with unaffiliated reinsurance companies.\nThe Company retains all risk for new claims on DI contracts sold on other policy forms.\nThe Company also retains all risk on accidental death benefit claims and substantially all risk associated with waiver of premium provisions.\nAt December 31, 2015 and 2014, traditional life and UL insurance in force aggregated $196.3 billion and $195.5 billion, respectively, of which $144.2 billion and $143.4 billion were reinsured at the respective year ends.\nLife insurance in force is reported on a statutory basis.\nThe effect of reinsurance on premiums for the Company’s traditional long-duration contracts was as follows:"}
{"_id": "d8e264520", "title": "", "text": "| December 31, | 2009 | (In millions) | Other Assets: | Premium tax offset for future undiscounted assessments | Premium tax offsets currently available for paid assessments | Receivable for reimbursement of paid assessments -1 | $67 | Other Liabilities: | Insolvency assessments |"}
{"_id": "d8745ac5a", "title": "", "text": "| Amount Ratios | December 31Dollars in millions | Risk-based capital | Tier 1 | PNC | PNC Bank, N.A. | Total | PNC | PNC Bank, N.A. | Leverage | PNC | PNC Bank, N.A. |"}
{"_id": "d885c461c", "title": "", "text": "| Year Ended December 31, 2016 Year Ended December 31, 2015 | (in millions) | Operating income | Interest income | Net income | Net income as a percentage of service revenue | Adjusted EBITDA | Adjusted EBITDA margin (Adjusted EBITDA divided by service revenues) |"}
{"_id": "d8ef1941e", "title": "", "text": "general market conditions affecting trust asset performance, future discount rates based on average yields of high quality corporate bonds and our decisions regarding certain elective provisions of the PPA.\nWe currently project that we will make total U. S.  and foreign benefit plan contributions in 2014 of approximately $57 million.\nActual 2014 contributions could be different from our current projections, as influenced by our decision to undertake discretionary funding of our benefit trusts versus other competing investment priorities, future changes in government requirements, trust asset performance, renewals of union contracts, or higher-than-expected health care claims cost experience.\nWe measure cash flow as net cash provided by operating activities reduced by expenditures for property additions.\nWe use this non-GAAP financial measure of cash flow to focus management and investors on the amount of cash available for debt repayment, dividend distributions, acquisition opportunities, and share repurchases.\nOur cash flow metric is reconciled to the most comparable GAAP measure, as follows:"}
{"_id": "d8d0737d0", "title": "", "text": "| December 31, | 2006 | Property, plant and equipment basis differences | Postretirement benefits other than pensions and postemployment benefits | Investment and other asset basis differences | Other accrued items | Net operating and capital losses | Tax credits | Undistributed earnings of subsidiaries | All other items—net | 2,414 | Valuation allowance | $1,898 |"}
{"_id": "d8968dee4", "title": "", "text": "We Have Experienced Disputes With Customers and SuppliersSuch disputes may lead to increased tensions, damaged relationships or litigation which may result in the loss of a key customer or supplier.\nWe have experienced certain conflicts or disputes with some of our customers and service providers.\nMost of these disputes relate to the interpretation of terms in our contracts.\nWhile we seek to resolve such conflicts amicably and have generally resolved customer and supplier disputes on commercially reasonable terms, such disputes may lead to increased tensions and damaged relationships between ourselves and these entities, some of whom are key customers or suppliers of ours.\nIn addition, if we are unable to resolve these differences amicably, we may be forced to litigate these disputes in order to enforce or defend our rights.\nThere can be no assurances as to the outcome of these disputes.\nDamaged relationships or litigation with our key customers or suppliers may lead to decreased revenues (including as a result of losing a customer) or increased costs, which could have a material adverse effect on us.\nOur Operations in Australia Expose Us to Changes in Foreign Currency Exchange RatesWe may suffer losses as a result of changes in such currency exchange rates.\nWe conduct business in the U. S.  and Australia, which exposes us to fluctuations in foreign currency exchange rates.\nFor the year ended December 31, 2004, approximately 7.5% of our consolidated revenues originated outside the U. S. , all of which were denominated in currencies other than U. S.  dollars, principally Australian dollars.\nWe have not historically engaged in significant hedging activities relating to our non-U.\nS.  dollar operations, and we may suffer future losses as a result of changes in currency exchange rates."}
{"_id": "d8d46fcd0", "title": "", "text": "| Approximate Number of Vehicles Approximate Average Age | Residential | Small-container Commercial | Large-container Industrial | Total |"}
{"_id": "d8dbce9a4", "title": "", "text": "liabilities associated with a Supreme Court ruling.\nThe Companys earnings from its investment in Japan decreased due to an increase in losses on embedded derivatives associated with variable annuity riders, an increase in DAC amortization related to market performance and the impact of a refinement in assumptions for the guaranteed annuity business partially offset by the favorable impact from the utilization of the fair value option for certain fixed annuities.\nThe Companys results were also impacted by a decrease in earnings from assumed reinsurance, offset by an increase in income from hedging activities associated with Japans guaranteed annuity benefits.\nThese decreases were offset by an increase in net investment gains which was due to an increase from gains on derivatives primarily in Japan partially offset by losses primarily on fixed maturity investments.\nThere was also an increase in income from continuing operations relating to Hong Kong associated with the remaining 50% interest in MetLife Fubon acquired in the in the second quarter of 2007.\nThe Auto & Home segments decrease in income from continuing operations was primarily attributable to an increase in net investment losses and an increase in policyholder benefits and claims.\nThe increase in net investment losses was due to an increase in losses on fixed maturity and equity securities.\nThe increase in policyholder benefits and claims was comprised primarily of an increase in catastrophe losses offset by a decrease in non-catastrophe policyholder benefits and claims.\nOffsetting these decreases was an increase in premiums.\nIncome from continuing operations for Corporate & Other decreased due to lower net investment income as well as higher corporate expenses, interest expense, legal costs and interest credited to policyholder account balances.\nThese decreases were offset by an increase in net investment gains, higher other revenues, lower interest on uncertain tax positions, and lower interest credited to bankholder deposits.\nThe increase in net investment gains was primarily due to an elimination of losses which were recognized by other segments, partially offset by losses on fixed maturity securities and derivatives."}
{"_id": "d814c1370", "title": "", "text": "| December 31,(in millions) 2012 2011 | Alternative investments(a) | Mutual funds | Investment real estate(b) | Aircraft asset investments(c) | Life settlement contracts | Retained interest in AIA | All other investments | Total |"}
{"_id": "d8ae49862", "title": "", "text": "Gain or loss on ownership change in MAP results from contributions to MAP of certain environmental capital expenditures and leased property acquisitions funded by Marathon and Ashland.\nIn accordance with MAP’s limited liability company agreement, in certain instances, environmental capital expenditures and acquisitions of leased properties are funded by the original contributor of the assets, but no change in ownership interest may result from these contributions.\nAn excess of Ashland funded improvements over Marathon funded improvements results in a net gain and an excess of Marathon funded improvements over Ashland funded improvements results in a net loss."}
{"_id": "d8b0d15d0", "title": "", "text": "| December 31, | (in thousands, except percentages) | Commercial risk-based - group | Commercial risk-based - individual | Commercial fee-based | Fee-based TRICARE | Total commercial | Medicare Advantage | Medicaid | Medicare Supplement (Standardized) | Total public and senior | Total UnitedHealthcare - domestic medical | International | Total UnitedHealthcare - medical | Supplemental Data: | Medicare Part D stand-alone | Moody’s | Ratings | Senior unsecured debt | Commercial paper | (in millions) | Redeemable noncontrolling interests, beginning of period | Net earnings | Acquisitions | Redemptions | Distributions | Fair value and other adjustments | Redeemable noncontrolling interests, end of period |"}
{"_id": "d8c5400d4", "title": "", "text": "| Years Ended December 31, | 2017 | (unaudited) | Net sales | Operating profit(a) | Earnings per common share | Basic | Continuing operations | Discontinued operations | Basic earnings per common share | Diluted | Continuing operations | Discontinued operations | Diluted earnings per common share |"}
{"_id": "d888db120", "title": "", "text": "| As of December 31, 2013 2012 2011 2010 2009 | (In billions) | North America | Europe/Middle East/Africa | Asia/Pacific | Total Assets Under Management | Years Ended December 31, | (In billions) | Balance at beginning of year | Net new (lost) business | Sales of U.S. Treasury portfolio of asset-backed securities-1 | Assets added from Bank of Ireland Asset Management acquisition | Market appreciation (depreciation) | Balance at end of year |"}
{"_id": "d8ed4357c", "title": "", "text": "Pro Forma Financial Information The following unaudited pro forma fi nancial information presents the combined results of our operations with"}
{"_id": "d8316fd3c", "title": "", "text": "| 2014 $610 | 2015 | 2016 | 2017 | 2018 | Thereafter | Total minimum lease payments |"}
{"_id": "d8b7c30be", "title": "", "text": "| December 31, 2006 December 31, 2005 | Amount | ($ in millions) | Not subject to discretionary withdrawal provisions | Subject to discretionary withdrawal, with adjustment: | With market value adjustment | At market value | At contract value, less surrender charge of 5% or more | Subtotal | Subject to discretionary withdrawal at contract value with no surrender charge or surrender charge of less than 5% | Total annuity reserves and deposit liabilities | Highway revenue equipment | Containers | Chassis | Total highway revenue equipment |"}
{"_id": "d8d2ea5ae", "title": "", "text": "| Contractual Obligations Total Less Than   One Year More Than   One Year and   Less Than   Three Years More Than   Three Years   and Less   Than Five   Years More Than   Five Years | (In millions) | Future policy benefits | Policyholder account balances | Other policyholder liabilities | Short-term debt | Long-term debt | Collateral financing arrangements | Junior subordinated debt securities | Payables for collateral under securities loaned and other transactions | Commitments to lend funds | Operating leases | Other | Total |"}
{"_id": "d88ef270c", "title": "", "text": "| Years Ended December 31, Variances 2012 vs. 2011 Variances 2011 vs. 2010 | Financial Results | (Millions of dollars) | Gas sales | Transportation revenues | Cost of gas | Net margin, excluding other revenues | Other revenues | Net margin | Operating costs | Depreciation and amortization | Operating income | Capital expenditures | Years Ended December 31 | Net Margin, Excluding Other Revenues | Gas sales | Residential | Commercial | Industrial | Wholesale/public authority | Net margin on gas sales | Transportation margin | Net margin, excluding other revenues |"}
{"_id": "d86c04b96", "title": "", "text": "| Defined benefit pension plans | December 31, | (in millions) | Net gain/(loss) | Prior service credit/(cost) | Accumulated other comprehensive income/(loss), pretax, end of year |"}
{"_id": "d8ef54c26", "title": "", "text": "| (in millions) 2009 2008 2007 | Loans retained | Loans held-for-sale | Total loans | Other assets | Accounts payable andother liabilities | Total nonrecurringfairvalue gains/(losses) |"}
{"_id": "d867e13b6", "title": "", "text": "13.\nSTOCKHOLDERS’ EQUITY Warrants—In August 2005, the Company completed its merger with SpectraSite, Inc.  and assumed outstanding warrants to purchase shares of SpectraSite, Inc.  common stock.\nAs of the merger completion date, each warrant was exercisable for two shares of SpectraSite, Inc.  common stock at an exercise price of $32 per warrant.\nUpon completion of the merger, each warrant to purchase shares of SpectraSite, Inc.  common stock automatically converted into a warrant to purchase shares of the Company’s Common Stock, such that upon exercise of each warrant, the holder has a right to receive 3.575 shares of the Company’s Common Stock in lieu of each share of SpectraSite, Inc.  common stock that would have been receivable under each assumed warrant prior to the merger.\nUpon completion of the Company’s merger with SpectraSite, Inc. , these warrants were exercisable for approximately 6.8 million shares of Common Stock.\nOf these warrants, warrants to purchase approximately none and 1.7 million shares of Common Stock remained outstanding as of December 31, 2010 and 2009, respectively.\nThese warrants expired on February 10, 2010.\nStock Repurchase Program—During the year ended December 31, 2010, the Company repurchased an aggregate of approximately 9.3 million shares of its Common Stock for an aggregate of $420.8 million, including commissions and fees, of which $418.6 million was paid in cash prior to December 31, 2010 and $2.2 million was included in accounts payable and accrued expenses in the accompanying consolidated balance sheet as of December 31, 2010, pursuant to its publicly announced stock repurchase program, as described below."}
{"_id": "d882fa012", "title": "", "text": "| (in millions) Retail Electric Wholesale Electric Retail Natural Gas Other Total Revenues | 2017 | Electric Utilities and Infrastructure | Gas Utilities and Infrastructure | Commercial Renewables | Total Reportable Segments | 2016 | Electric Utilities and Infrastructure | Gas Utilities and Infrastructure | Commercial Renewables | Total Reportable Segments | 2015 | Electric Utilities and Infrastructure | Gas Utilities and Infrastructure | Commercial Renewables | Total Reportable Segments |"}
{"_id": "d86875c6e", "title": "", "text": "Note 12 – Stockholders’ Equity At December 31, 2016 and 2015, our authorized capital was composed of 1.5 billion shares of common stock and 50 million shares of series preferred stock.\nOf the 290 million shares of common stock issued and outstanding as of December 31, 2016, 289 million shares were considered outstanding for consolidated balance sheet presentation purposes; the remaining shares were held in a separate trust.\nOf the 305 million shares of common stock issued and outstanding as of December 31, 2015, 303 million shares were considered outstanding for consolidated balance sheet presentation purposes; the remaining shares were held in a separate trust.\nNo shares of preferred stock were issued and outstanding at December 31, 2016 or 2015.\nRepurchases of Common Stock During 2016, we repurchased 8.9 million shares of our common stock for $2.1 billion.\nDuring 2015 and 2014, we paid $3.1 billion and $1.9 billion to repurchase 15.2 million and 11.5 million shares of our common stock.\nOn September 22, 2016, our Board of Directors approved a $2.0 billion increase to our share repurchase program.\nInclusive of this increase, the total remaining authorization for future common share repurchases under our program was $3.5 billion as of December 31, 2016.\nAs we repurchase our common shares, we reduce common stock for the $1 of par value of the shares repurchased, with the excess purchase price over par value recorded as a reduction of additional paid-in capital.\nDue to the volume of repurchases made under our share repurchase program, additional paid-in capital was reduced to zero, with the remainder of the excess purchase price over par value of $1.7 billion and $2.4 billion recorded as a reduction of retained earnings in 2016 and 2015.\nWe paid dividends totaling $2.0 billion ($6.77 per share) in 2016, $1.9 billion ($6.15 per share) in 2015 and $1.8 billion ($5.49 per share) in 2014.\nWe have increased our quarterly dividend rate in each of the last three years, including a 10% increase in the quarterly dividend rate in the fourth quarter of 2016.\nWe declared quarterly dividends of $1.65 per share during each of the first three quarters of 2016 and $1.82 per share during the fourth quarter of 2016; $1.50 per share during each of the first three quarters of 2015 and $1.65 per share during the fourth quarter of 2015; and $1.33 per share during each of the first three quarters of 2014 and $1.50 per share during the fourth quarter of 2014."}
{"_id": "d873efc5c", "title": "", "text": "In addition to the acquisition of Allied in December 2008, we acquired various other solid waste businesses during the years ended December 31, 2008, and 2007.\nThe aggregate purchase price we paid for these transactions was $13.4 million and $4.4 million, respectively.\nIn November 2007, we divested of our Texas-based compost, mulch and soil business and received proceeds of $36.5 million.\nA gain of $12.5 million was recorded in 2007 on this divestiture.\nConsolidated Results of Operations Years Ended December 31, 2009, 2008 and 2007 The following table summarizes our operating revenue, costs and expenses in millions of dollars and as a percentage of our revenue for the years ended December 31, 2009, 2008 and 2007:"}
{"_id": "d837f6002", "title": "", "text": "| Calendar year: Pre-tax catastrophe losses | (Dollars in millions) | 2017 | 2016 | 2015 | 2014 | 2013 |"}
{"_id": "d89337b00", "title": "", "text": "SG&A Expenses SG&A expenses for Fiscal 2011 were $2,404.6 million, or 39.0% of net sales, as compared to $2,376.4 million, or 40.1% of net sales, for Fiscal 2010, a decrease of 114 basis points.\nThis decrease as a percentage of net sales was primarily due to reduced incentive compensation as a result of lower comparable store sales growth compared to the prior year, store labor leverage resulting from productivity improvements driven by our new variable customer driven labor model, occupancy cost leverage and a decrease in administrative expenses partially offset by increased strategic investments and advertising.\nThese investments included spending in the e-commerce and Commercial areas of our business in support of our Service Leadership and Superior Availability strategies."}
{"_id": "d888774f4", "title": "", "text": "| At December 31, 2014 | Years to Maturity | Credit Rating-1 | (dollars in millions) | AAA | AA | A | BBB | Investment grade | Non-investment grade | Total |"}
{"_id": "d8712c6dc", "title": "", "text": "| U.S. Plans Non-U.S. Plans | (DOLLARS IN THOUSANDS) | Components of net periodic benefit cost | Service cost for benefits earned | Interest cost on projected benefit obligation | Expected return on plan assets | Net amortization and deferrals | Settlement and curtailment | Special termination benefits | Net periodic benefit cost | Defined contribution and other retirement plans | Total expense | Changes in plan assets and benefit obligations recognized in OCI | Net actuarial loss | Recognized actuarial loss | Prior service cost | Recognized prior service cost | Currency translation adjustment | Total recognized in OCI (before tax effects) |"}
{"_id": "d8cc509a0", "title": "", "text": "| December 31 | Outstandings | (Dollars in millions) | California | Texas | Florida | New York | Georgia | OtherU.S./Non-U.S. | Total direct/indirect loans |"}
{"_id": "d82223b9e", "title": "", "text": "SEGMENT DATA We design, develop, manufacture and market orthopaedic and dental reconstructive implants, spinal implants, trauma products and related surgical products which include surgical supplies and instruments designed to aid in orthopaedic surgical procedures and post-operation rehabilitation.\nWe also provide other healthcare-related services.\nRevenue related to these services currently represents less than 1 percent of our total net sales.\nWe manage operations through three major geographic segments – the Americas, which is comprised principally of the United States and includes other North, Central and South American markets; Europe, which is comprised principally of Europe and includes the Middle East and Africa; and Asia Pacific, which is comprised primarily of Japan and includes other Asian and Pacific markets.\nThis structure is the basis for our reportable segment information discussed below.\nManagement evaluates operating segment performance based upon segment operating profit exclusive of operating expenses pertaining to global operations and corporate expenses, share-based compensation expense, settlement, certain claims, acquisition, integration and other expenses, inventory step-up, in-process research and development write-offs and intangible asset amortization expense.\nGlobal operations include research, development engineering, medical education, brand management, corporate legal, finance, and human resource functions, and U. S.  and Puerto Rico-based manufacturing operations and logistics.\nIntercompany transactions have been eliminated from segment operating profit.\nManagement reviews accounts receivable, inventory, property, plant and equipment, goodwill and intangible assets by reportable segment exclusive of U.\nS and Puerto Rico-based manufacturing operations and logistics and corporate assets."}
{"_id": "d8b308f06", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements 20.\nFAIR VALUE OF ASSETS AND LIABILITIES (continued) sub-prime mortgages was an inactive market, as discussed in detail above.\nIn addition to these sub-prime securities, transfers into Level 3 for Fixed Maturities Available for SaleCorporate Securities andAsset-Backed Securities as well as Trading Account Assets Supporting Insurance LiabilitiesCorporate Securities andAsset-Backed Securities included transfers resulting from the use of unobservable inputs within valuation methodologies and the use of broker quotes (that could not be validated) when previously, information from third party pricing services (that could be validated) or models with observable inputs were utilized.\nTransfers into Level 3 for Fixed Maturities, Available for SaleCommercial Mortgage-Backed securities for the year ended December 31, 2009, is primarily the result of over-riding the third party pricing information downward with internally developed valuations for certain securities held in the Japanese insurance operations portfolio.\nTransfers into Level 3 for Commercial Mortgage and Other Loans for the year ended December 31, 2009, is primarily due to downward credit migration of these loans.\nThe downgrade in loans has resulted in the utilization of higher credit spreads, that are internally developed and not observable in the market place.\nThis increase in credit spreads is now considered a significant input in the fair value calculation for these loans.\nTransfers out of level 3 for Fixed Maturities Available for SaleForeign Government Bonds,Corporate Securities andResidential Mortgage-Backed Securities as well as Trading Account Assets Supporting Insurance LiabilitiesCorporate Securities were primarily due to the use of observable inputs in valuation methodologies as well as the utilization of pricing service information for certain assets that the Company was able to validate.\nThe transfers out of Level 3 for Other Trading Account AssetsAsset-Backed Securities were primarily the result of the use of third party pricing for the securities purchased under TALF.\nWhen acquired in the first quarter of 2009, these assets were valued internally using a model.\nThe following tables provide a summary of the changes in fair value of Level 3 assets and liabilities for the year ended December 31, 2008, as well as the portion of gains or losses included in income for the year ended December 31, 2008 attributable to unrealized gains or losses related to those assets and liabilities still held at December 31, 2008."}
{"_id": "d8c1da598", "title": "", "text": "(1) At December 31, 2012, approximately 4.9 million awards are expected to vest and 0.6 million awards have vested but have not been converted.\nThe Company values restricted stock and RSUs at their grant-date fair value as measured by BlackRocks common stock price.\nThe total fair market value of RSUs granted to employees during 2010 and 2011 was $751 million and $477 million, respectively.\nThe total fair market value of RSUs converted to common stock during 2012, 2011 and 2010 was $297 million, $553 million and $219 million, respectively.\nAt December 31, 2012, the intrinsic value of outstanding RSUs was $1.2 billion.\nLong-Term Borrowings.\nThe carrying value of long-term borrowings at December 31, 2015 included the following"}
{"_id": "d867e1424", "title": "", "text": "Simon Property Group, Inc.  Simon Property Group, L. P.  Notes to Consolidated Financial Statements (Dollars in thousands, except share, per share, unit and per unit amounts and where indicated as in millions or billions) 102 Management Fees and Other Revenues Management fees and other revenues are generally received from our unconsolidated joint venture properties as well as third parties.\nManagement fee revenue is earned based on a contractual percentage of joint venture property revenue.\nDevelopment fee revenue is earned on a contractual percentage of hard costs to develop a property.\nLeasing fee revenue is earned on a contractual per square foot charge based on the square footage of current year leasing activity.\nWe recognize revenue for these services provided when earned based on the underlying activity.\nRevenues from insurance premiums charged to unconsolidated properties are recognized on a pro-rata basis over the terms of the policies.\nInsurance losses on these policies and our self-insurance for our consolidated properties are reflected in property operating expenses in the accompanying consolidated statements of operations and comprehensive income and include estimates for losses incurred but not reported as well as losses pending settlement.\nEstimates for losses are based on evaluations by third-party actuaries and management’s estimates.\nTotal insurance reserves for our insurance subsidiaries and other self-insurance programs as of December 31, 2016 and 2015 approximated $83.5 million and $88.1 million, respectively, and are included in other liabilities in the consolidated balance sheets.\nInformation related to the securities included in the investment portfolio of our captive insurance subsidiaries is included within the “Marketable and Non-Marketable Securities” section above.\nAllowance for Credit Losses We record a provision for credit losses based on our judgment of a tenant’s creditworthiness, ability to pay and probability of collection.\nIn addition, we also consider the retail sector in which the tenant operates and our historical collection experience in cases of bankruptcy, if applicable.\nAccounts are written off when they are deemed to be no longer collectible.\nPresented below is the activity in the allowance for credit losses during the following years:"}
{"_id": "d8c7f4014", "title": "", "text": "| 2012 2011 2010 | Net income | Non-cash operating activities(a) | Pension and postretirement plan contributions (UPS-sponsored plans) | Income tax receivables and payables | Changes in working capital and other noncurrent assets and liabilities | Other operating activities | Net cash from operating activities |"}
{"_id": "d8e613194", "title": "", "text": "| Global Corporate Banking Global Commercial Banking Total | (Dollars in millions) | Revenue | Business Lending | Treasury Services | Total revenue, net of interest expense | Balance Sheet | Average | Total loans and leases | Total deposits | Year end | Total loans and leases | Total deposits |"}
{"_id": "d8c0d8046", "title": "", "text": "| Year Ended December 31, | 2006 | Steam Sold (MMlbs) | General | Apartment house | Annual power | Total Steam Delivered to CECONY Customers | Steam Sold ($ in millions) | General | Apartment house | Annual power | Other operating revenues | Total Steam Delivered to CECONY Customers | Average Revenue per Mlb Sold |"}
{"_id": "d8817e2ec", "title": "", "text": "| Table 22 Consumer Net Charge-offs and Related Ratios | Net Charge-offs | (Dollars in millions) | Residential mortgage | Home equity | Discontinued real estate | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total | Table 23 | Outstandings | (Dollars in millions) | Core portfolio | Residential mortgage | Home equity | Legacy Asset Servicing portfolio | Residential mortgage-1 | Home equity | Discontinued real estate-1 | Home loans portfolio | Residential mortgage | Home equity | Discontinued real estate | Total home loans portfolio |"}
{"_id": "d8eeb9d70", "title": "", "text": "| Parent Subsidiaries Total | (dollars in millions) | Due in 2014 | Due in 2015 | Due in 2016 | Due in 2017 | Due in 2018 | Thereafter | Total |"}
{"_id": "d8f67cbd4", "title": "", "text": "| 2013 2012 | (in billions) | Beginning balance | Net flows | Market appreciation and other | Ending balance | Advisory wrap account assets ending balance-1 | Average advisory wrap account assets-2 |"}
{"_id": "d89813a84", "title": "", "text": "| 2015 | Allowance for loan and lease losses, January 1 | Loans and leases charged off | Recoveries of loans and leases previously charged off | Net charge-offs | Write-offs of PCI loans | Provision for loan and lease losses | Other-1 | Allowance for loan and lease losses, December 31 | Reserve for unfunded lending commitments, January 1 | Provision for unfunded lending commitments | Reserve for unfunded lending commitments, December 31 | Allowance for credit losses, December 31 |"}
{"_id": "d88fb4d0c", "title": "", "text": "Short-term Investments The carrying value of short-term investments, which includes investments with remaining maturities of one year or less, but greater than three months, at the time of purchase was $9.4 billion and $8.4 billion at December 31, 2010 and 2009, respectively.\nThe Company is exposed to concentrations of credit risk related to securities of the U. S.  government and certain U. S.  government agencies included within short-term investments, which were $4.0 billion and $7.5 billion at December 31, 2010 and 2009, respectively."}
{"_id": "d8d72ed7c", "title": "", "text": "| Year ended December 31 Change | Dollars in millions | Noninterest income | Asset management | Consumer services | Corporate services | Residential mortgage | Service charges on deposits | Net gains on sales of securities | Net other-than-temporary impairments | Other | Total noninterest income |"}
{"_id": "d89d22d86", "title": "", "text": "| (Millions)Reportable Business Segments PerformanceCoatings Industrial Coatings Architectural Coatings – EMEA OpticalandSpecialty Materials Commodity Chemicals Glass Corporate / Eliminations / Non- Segment Items -1 Consolidated Totals | 2011 | Net sales to external customers | Intersegment net sales | Total net sales | Segment income | Legacyitems-2 | Interest expense, net of interest income | Acquisition-related gain, net(3) | Corporateunallocated-4 | Income before income taxes | Depreciation and amortization (See Note 1) | Share of net earnings of equity affiliates | Segmentassets-5 | Investment in equity affiliates | Expenditures for property | 2010 | Net sales to external customers | Intersegment net sales | Total net sales | Segment income | Legacyitems-2 | Interest expense, net of interest income | Corporateunallocated-4 | Income before income taxes | Depreciation and amortization (See Note 1) | Share of net earnings (loss) of equity affiliates | Segmentassets-5 | Investment in equity affiliates | Expenditures for property |"}
{"_id": "d8edb97cc", "title": "", "text": "Operating, administrative and other expenses increased by $20.7 million, or 9.2%, for the year ended December 31, 2013 as compared to the year ended December 31, 2012.\nThe increase was primarily driven by higher payroll-related costs, which mainly resulted from increased headcount, primarily in Australia and China, as well as higher consulting, marketing and travel costs.\nForeign currency translation had a $16.6 million positive impact on total operating expenses during the year ended December 31, 2013.\nGlobal Investment Management Revenue increased by $54.5 million, or 11.3%, for the year ended December 31, 2013 as compared to the year ended December 31, 2012, primarily driven by carried interest revenue earned during the year ended December 31, 2013, partially offset by lower asset management fees and rental revenue from consolidated real estate assets.\nForeign currency translation had a $1.7 million positive impact on total revenue during the year ended December 31, 2013.\nOperating, administrative and other expenses decreased by $35.2 million, or 9.1%, for the year ended December 31, 2013 as compared to the year ended December 31, 2012.\nThis decrease was primarily driven by $36.9 million of lower transaction and integration costs associated with the REIM Acquisitions incurred during the year ended December 31, 2013 as well as the impact of $9.3 million of impairment charges incurred during the year ended December 31, 2012, which did not recur during the year ended December 31, 2013.\nThese items were partially offset by higher bonuses, which resulted from improved operating performance during the year ended December 31, 2013.\nForeign currency translation had a $1.4 million negative impact on total operating expenses during the year ended December 31, 2013.\nTotal AUM as of December 31, 2013 amounted to $89.1 billion, down 3.2% from year-end 2012, primarily due to asset sales.\nA rollforward of our AUM by product type for the year ended December 31, 2013 is as follows (dollars in billions):"}
{"_id": "d86fbfb82", "title": "", "text": "| Favorable/(Unfavorable) | Years ended December 31, | In millions | External sales | Intersegment sales | Total sales | Depreciation and amortization | Research, development and engineering expenses | Equity, royalty and interest income from investees | Interest income | Segment EBIT | Percentage Points | Segment EBIT as a percentage of total sales |"}
{"_id": "d81cc5b7a", "title": "", "text": "| 2014 Change2014 over 2013 2013 Change2013 over 2012 2012 | (In millions, except percentages) | Silicon Systems Group | Applied Global Services | Display | Energy and Environmental Solutions | Total | 2014 | (In millions, except percentages) | Taiwan | China | Korea | Japan | Southeast Asia | Asia Pacific | United States | Europe | Total |"}
{"_id": "d81328f7c", "title": "", "text": "| October 30, 2010 October 31, 2009 | Fair value of forward exchange contracts asset | Fair value of forward exchange contracts after a 10% unfavorable movement in foreign currency exchange rates asset | Fair value of forward exchange contracts after a 10% favorable movement in foreign currency exchange rates liability |"}
{"_id": "d8b68d6fe", "title": "", "text": "| 2016 Quarters 2015 Quarters | (Dollars in millions) | Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis | Net interest income | Fully taxable-equivalent adjustment | Net interest income on a fully taxable-equivalent basis | Reconciliation of total revenue, net of interest expense to total revenue, net of interest expense on a fully taxable-equivalent basis | Total revenue, net of interest expense | Fully taxable-equivalent adjustment | Total revenue, net of interest expense on a fully taxable-equivalent basis | Reconciliation of income tax expense to income tax expense on a fully taxable-equivalent basis | Income tax expense | Fully taxable-equivalent adjustment | Income tax expense on a fully taxable-equivalent basis | Reconciliation of average common shareholders’ equity to average tangible common shareholders’ equity | Common shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible common shareholders’ equity | Reconciliation of average shareholders’ equity to average tangible shareholders’ equity | Shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible shareholders’ equity | Reconciliation of period-end common shareholders’ equity to period-end tangible common shareholders’ equity | Common shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible common shareholders’ equity | Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity | Shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible shareholders’ equity | Reconciliation of period-end assets to period-end tangible assets | Assets | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible assets |"}
{"_id": "d8dc495b4", "title": "", "text": "| Pension Benefits   Year Ended   December 31, Postretirement Benefits   Year Ended   December 31, | 2009 | (In $ millions) | Service cost | Interest cost | Expected return on plan assets | Amortization of prior service cost | Recognized actuarial (gain) loss | Curtailment (gain) loss | Settlement (gain) loss | Special termination benefits | Net periodic benefit cost |"}
{"_id": "d8e2e8a78", "title": "", "text": "| Years Ended December 31, | 2007 | (In millions) | Investment income | Investment expense | Net investment gains (losses) | Total revenues | Interest expense | Provision for income tax | Income from discontinued operations, net of income tax |"}
{"_id": "d871b1e68", "title": "", "text": "NOTES RECEIVABLE In 2000, the Company loaned TV Azteca, S. A.  de C. V.  (TV Azteca), the owner of a major national television network in Mexico, $119.8 million.\nThe loan, which initially bore interest at 12.87%, payable quarterly, was discounted by the Company, as the fair value interest rate at the date of the loan was determined to be 14.25%.\nThe loan was amended effective January 1, 2003 to increase the original interest rate to 13.11%.\nAs of December 31, 2005 and 2004, approximately $119.8 million undiscounted ($108.2 million discounted) under the loan was outstanding and included in notes receivable and other long-term assets in the accompanying consolidated balance sheets.\nThe term of the loan is seventy years; however, the loan may be prepaid by TV Azteca without penalty during the last fifty years of the agreement.\nThe discount on the loan is being amortized to interest income—TV Azteca, net, using the effective interest method over the seventy-year term of the loan.\nSimultaneous with the signing of the loan agreement, the Company also entered into a seventy year Economic Rights Agreement with TV Azteca regarding space not used by TV Azteca on approximately 190 of its broadcast towers.\nIn exchange for the issuance of the below market interest rate loan discussed above and the annual payment of $1.5 million to TV Azteca (under the Economic Rights Agreement), the Company has the right to market and lease the unused tower space on the broadcast towers (the Economic Rights).\nTV Azteca retains title to these towers and is responsible for their operation and maintenance.\nThe Company is entitled to 100% of the revenues generated from leases with tenants on the unused space and is responsible for any incremental operating expenses associated with those tenants."}
{"_id": "d818cb4d4", "title": "", "text": "| Year Ended December 31, 2014 Specialty Commercial International Total | (In millions, except %) | Net written premiums | Net earned premiums | Net investment income | Net operating income | Net realized investment gains (losses) | Net income | Other performance metrics: | Loss and loss adjustment expense ratio | Expense ratio | Dividend ratio | Combined ratio | Rate | Retention | New Business (a) |"}
{"_id": "d876af55a", "title": "", "text": "| (Dollars in millions) 2013 2012 2011 2010 2009 | Loan and allowance ratios: | Loans and leases outstanding at December 31-6 | Allowance for loan and lease losses as a percentage of total loans and leases outstanding at December 31-6 | Consumer allowance for loan and lease losses as a percentage of total consumer loans and leases outstanding at December 31-7 | Commercial allowance for loan and lease losses as a percentage of total commercial loans and leases outstanding at December 31-8 | Average loans and leases outstanding-6 | Net charge-offs as a percentage of average loans and leases outstanding-6, 9 | Net charge-offs and PCI write-offs as a percentage of average loans and leases outstanding-6, 10 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases at December 31-6, 11 | Ratio of the allowance for loan and lease losses at December 31 to net charge-offs-9 | Ratio of the allowance for loan and lease losses at December 31 to net charge-offs and PCI write-offs-10 | Amounts included in allowance for loan and lease losses that are excluded from nonperforming loans and leases at December 31-12 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases, excluding amounts included in the allowance for loan and lease losses that are excluded from nonperforming loans and leases at December 31-12 | Loan and allowance ratios excluding PCI loans and the related valuation allowance:-13 | Allowance for loan and lease losses as a percentage of total loans and leases outstanding at December 31-6 | Consumer allowance for loan and lease losses as a percentage of total consumer loans and leases outstanding at December 31-7 | Net charge-offs as a percentage of average loans and leases outstanding-6 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases at December 31-6, 11 | Ratio of the allowance for loan and lease losses at December 31 to net charge-offs |"}
{"_id": "d86e0dc30", "title": "", "text": "ITEM 6.\nSELECTED FINANCIAL DATA You should read the selected financial data in conjunction with our “Management’s Discussion and Analysis of Financial Condition and Results of Operations,” and our audited consolidated financial statements and the related notes to those consolidated financial statements included in this annual report.\nOur continuing operations are reported in two segments: rental and management and network development services.\nIn accordance with generally accepted accounting principles, the consolidated statements of operations for all periods presented in this “Selected Financial Data” have been adjusted to reflect certain businesses as discontinued operations (see note 16 to our consolidated financial statements included in this annual report).\nYear-to-year comparisons are significantly affected by our acquisitions, dispositions and, to a lesser extent, construction of towers.\nOur merger with SpectraSite, Inc. , which closed in August 2005, significantly impacts the comparability of reported results between periods.\nOur principal acquisitions and dispositions are described in “Business—Recent Transactions” and in the notes to our consolidated financial statements included in this annual report."}
{"_id": "d87d57966", "title": "", "text": "| Business Records Management Data Protection International Corporate & Other-1 Total Consolidated | 2002 | Total Revenues | Contribution | Total Assets | Expenditures for Segment Assets-2 | 2003 | Total Revenues | Contribution | Total Assets | Expenditures for Segment Assets-2 | 2004 | Total Revenues | Contribution | Total Assets | Expenditures for Segment Assets-2 |"}
{"_id": "d86bdfada", "title": "", "text": "| Total Net Revenues | (in thousands) | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Year ended December 31, |"}
{"_id": "d8db0b21a", "title": "", "text": "(1) Amounts include commodity iShares ETFs.\nOur broad iShares ETF product range offers investors a precise, transparent and efficient way to gain exposure to a full range of asset classes and global markets that have been difficult for many investors to access, as well as the liquidity required to make adjustments to their exposures quickly and cost-efficiently.  ?\nU. S.  iShares ETF AUM ended 2017 at $1.3 trillion with $201.3 billion of net inflows driven by strong demand for Core funds and U. S.  and broad developed market equities as well as a diverse range of fixed income products.2 ?\nInternational iShares ETF AUM ended 2017 at $424.7 billion with net inflows of $44.1 billion led by equity net inflows of $29.0 billion, which reflected strong flows into our international Core funds in Canada and Europe.\nInstitutional BlackRock serves institutional investors on six continents in sub-categories including: pensions, endowments and foundations, official institutions, and financial institutions; institutional AUM is diversified across product and region.\nComponent changes in institutional long-term AUM for 2017 are presented below."}
{"_id": "d81bc4cbc", "title": "", "text": "| December 31, 2008 Percentage of Total December 31, 2007 Percentage of Total | (dollars in thousands) | U.S. Government and agency obligations | Tax exempt municipal securities | Mortgage and asset-backed securities | Corporate securities | Redeemable preferred stocks | Total debt securities |"}
{"_id": "d86df4e88", "title": "", "text": "| December 31 | Buy (Sell) | Euro | Chinese Renminbi | Brazilian Real | British Pound | Japanese Yen |"}
{"_id": "d8a0158ae", "title": "", "text": "| (in millions) Par Value | Fixed rate notes due September 2022, stated rate of 3.00%-1 | Fixed rate notes due March 2025, stated rate of 3.00%-2 | Fixed rate notes due September 2043, stated rate of 5.30%-3 |"}
{"_id": "d875e5ef8", "title": "", "text": "| December 31, | 2018 | GrossCarryingAmount | Unamortizable intangible assets: | Management contracts | Trademarks | Trade names | 159,635 | Amortizable intangible assets: | Customer relationships | Mortgage servicing rights | Trademarks/Trade name | Management contracts | Covenant not to compete | Other | 2,462,066 | Total intangible assets |"}
{"_id": "d87574c6c", "title": "", "text": "| Payments due by period | Contractual Obligations | Operating Leases | Purchase Obligations | Total |"}
{"_id": "d8cf927d0", "title": "", "text": "| Twelve Months Ended | (Millions of Dollars) | Operating revenues | Purchased power | Fuel | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Electric operating income | Millions of kWhs Delivered | Twelve Months Ended | Description | Residential/Religious(b) | Commercial/Industrial | Energy choice customers | NYPA, Municipal Agency and other sales | Other operating revenues(c) | Total |"}
{"_id": "d8e7eb908", "title": "", "text": "| -1 December 31, 2007 December 31, 2006 | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total Private Fixed Maturities | -1 | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total |"}
{"_id": "d8b70ff82", "title": "", "text": "Sources of Revenue Our revenues are primarily derived from the planning and execution of multi-channel advertising, marketing and communications programs around the world.\nOur revenues are directly dependent upon the advertising, marketing and corporate communications requirements of our existing clients and our ability to win new clients.\nMost of our client contracts are individually negotiated, and, accordingly, the terms of client engagements and the bases on which we earn commissions and fees vary significantly.\nAs is customary in the industry, our contracts generally provide for termination by either party on relatively short notice, usually 90 days.\nRevenues for the creation, planning and placement of advertising are determined primarily on a negotiated fee basis and, to a lesser extent, on a commission basis.\nFees are usually calculated to reflect hourly rates plus proportional overhead and a mark-up.\nMany clients include an incentive compensation component in their total compensation package.\nThis provides added revenue based on achieving mutually agreed-upon qualitative or quantitative metrics within specified time periods.\nCommissions are earned based on services provided and are usually derived from a percentage or fee over the total cost to complete the assignment.\nCommissions can also be derived when clients pay us the gross rate billed by media and we pay for media at a lower net rate; the difference is the commission that we earn, which we either retain in full or share with the client depending on the nature of the applicable services agreement.\nWe also generate revenue in negotiated fees from our public relations, sales promotion, event marketing, sports and entertainment marketing, and corporate and brand identity services.\nIn most of our businesses, our agencies enter into commitments to pay production and media costs on behalf of clients, as is customary in the advertising and marketing industries.\nTo the extent possible, we pay production and media charges after we have received funds from our clients, and in some instances we agree with the provider that we will only be liable to pay the production and media costs after the client has paid us for the charges .\nGenerally, we act as the client’s agent rather than the primary obligor.\nOur revenue is typically lowest in the first quarter and highest in the fourth quarter.\nThis reflects the seasonal spending of our clients, incentives earned at year end on various contracts and project work that is typically completed during the fourth quarter.\nFee revenue recognized on a completed-contract basis also contributes to the higher seasonal revenues experienced in the fourth quarter because the majority of our contracts end at December 31."}
{"_id": "d877720c8", "title": "", "text": "DERIVATIVE FINANCIAL INSTRUMENTS As part of its risk management strategy, the Company enters into derivative contracts to hedge against interest rate and foreign currency risk.\nInterest-Rate Contracts: The Company enters into various interest-rate contracts, including interest-rate swaps and cross currency interest-rate swaps.\nInterest-rate swaps involve the exchange of fixed for floating rate or floating for fixed rate interest payments based on the contractual notional amounts in a single currency.\nCross currency interest-rate swaps involve the exchange of notional amounts and interest payments in different currencies.\nThe Company is exposed to interest-rate and exchange-rate risk caused by market volatility as a result of its borrowing activities.\nThe objective of these contracts is to mitigate the fluctuations on earnings, cash flows and fair value of borrowings.\nNet amounts paid or received are reflected as adjustments to interest expense.\nAt December 31, 2016, the notional amount of the Company’s interest-rate contracts was $2,977.8.\nNotional maturities for all interest-rate contracts are $706.8 for 2017, $1,041.9 for 2018, $863.6 for 2019, $174.1 for 2020, $191.4 for 2021 and nil thereafter.\nIncluded in selling, general and administrative expense was rent expense of $83.0 million, $59.0 million and $41.8 million for the years ended December 31, 2015, 2014 and 2013, respectively, under non-cancelable operating lease agreements.\nIncluded in these amounts was contingent rent expense of $11.0 million, $11.0 million and $7.8 million for the years ended December 31, 2015, 2014 and 2013, respectively."}
{"_id": "d8bb3cc7c", "title": "", "text": "| 2013 2012 2011 | (in millions) | Net cash provided by operating activities | Net cash used in investing activities | Net cash used in financing activities | Decrease in cash and cash equivalents |"}
{"_id": "d8807dadc", "title": "", "text": "| As ofDecember 1, 2016 (In $ millions) | Cash and cash equivalents | Trade receivables - third party and affiliates | Inventories | Property, plant and equipment, net | Intangible assets (Note 11) | Goodwill (Note 11)(1) | Other assets-2 | Total fair value of assets acquired | Trade payables - third party and affiliates | Total debt (Note 14) | Deferred income taxes | Other liabilities | Total fair value of liabilities assumed | Net assets acquired |"}
{"_id": "d8baf4788", "title": "", "text": "| Accumulated BenefitObligation Exceeds theFair Value of Plan Assets Projected BenefitObligation Exceeds theFair Value of Plan Assets | June 30 | Projected benefit obligation | Accumulated benefit obligation | Fair value of plan assets |"}
{"_id": "d87a5cc98", "title": "", "text": "Pension and Other Postretirement Benefit Plans The Company has defined benefit pension plans covering eligible employees in the United States and in certain of its international subsidiaries.\nPension benefits in the United States are based on a formula that considers final average pay and years of credited service.\nIn addition, the Company provides medical, dental and life insurance benefits, principally to its eligible U. S.  retirees and similar benefits to their dependents, through its other postretirement benefit plans.\nIn December 2011, changes to the Company’s benefit plans were approved, as discussed below.\nThe Company uses December 31 as the year-end measurement date for all of its pension plans and other postretirement benefit plans.\nNet Periodic Benefit Cost The net periodic benefit cost for pension and other postretirement benefit plans consisted of the following components"}
{"_id": "d82715832", "title": "", "text": "| 2005 2004 2003 2002 2001 | (In thousands) | Net income | Depreciation and amortization | Interest expense | Other interest income | EBITDA | Gain loss on sale of real estate | Loss on abandoned developmentsheld for sale | Adjusted EBITDA |"}
{"_id": "d8dd4ba5c", "title": "", "text": "| Total Revenues* Real Estate and Other Fixed Assets, Net of Accumulated Depreciation | (in millions) | U.S. | Europe | Japan | Other | Consolidated | Estimated Fair Value | (in millions) | December 31, 2016 | Assets: | Mortgage and other loans receivable | Other invested assets | Short-term investments | Cash | Liabilities: | Policyholder contract deposits associated | with investment-type contracts | Other liabilities | Long-term debt |"}
{"_id": "d86e1fb56", "title": "", "text": "| Year Ended December 31, Total Revenues 2015 vs. 2014 Analysis of % Change 2014 vs. 2013 Analysis of % Change | Total | Dollars in Millions | United States | Europe | Rest of the World | Other(a) | Total |"}
{"_id": "d87d3528a", "title": "", "text": "| Year Ended December 31, | 2017 | Key performance indicators: | Clients | Clients (based on parent company grouping) | Sales teams | Annual revenue retention rate |"}
{"_id": "d8dbbb9b2", "title": "", "text": "Goodwill Impairment Goodwill, which represents the excess of acquisition cost over the estimated fair value of net assets acquired, was $4 billion at December 31, 2010.\nDuring 2010, our goodwill balance increased by approximately six percent, primarily due to acquisitions and foreign exchange movements at the legal entity level.\nGoodwill is not amortized but is subject to a periodic evaluation for impairment at least annually, or earlier if there are any indications of possible impairment.\nThe impairment evaluation involves a two-step process in which an initial assessment for potential impairment is performed and, if a potential impairment is present, the amount of impairment is measured and recorded.\nImpairment is tested at the reporting unit level.\nGoodwill is assigned to applicable reporting units of acquired entities at acquisition.\nThe most significant reporting units are: ?\nNorth American and International divisions of Combined Insurance acquired in 2008; ?\nDomestic and International divisions of ACE INA acquired in 1999; and ?\nACE Tempest Res catastrophe businesses acquired in 1996 and 1998.\nThere are other reporting units that resulted from smaller acquisitions that are also assessed annually.\nBased on our impairment testing for 2010, we determined that no impairment was required and that none of our reporting units were at risk for failing the initial impairment testing step.\nTo estimate the fair value of a reporting unit, we consistently applied a combination of the following models: an earnings multiple, a book value multiple, a discounted cash flow or an allocated market capitalization.\nThe earning\nGeneral experienced net favorable prior period development of $290 million, $255 million, and $304 million in 2010, 2009, and 2008, respectively.\nRefer to Prior Period Development for more information.\nThe adjusted loss and loss expense ratio for 2010 decreased primarily due to improved current accident year loss experience compared with the prior year periods in our retail business, partially offset by an increase in current year accident losses in our wholesale business.\nInsurance  Overseas Generals policy acquisition cost ratio increased in 2010, compared with 2009, primarily due to changes in mix of business, and the impact of catastrophe-related reinstatement premiums expensed.\nInsurance  Overseas Generals administrative expense ratio increased in 2010, primarily due to the impact of reinstatement premiums expensed, and reduced wholesale earned premiums.\nInsurance  Overseas Generals policy acquisition cost ratio increased in 2009, compared with 2008, primarily due to lower net premiums earned in the retail A&H business, without a commensurate reduction in advertising costs, which are generally deferred and amortized over a longer period than the related premium.\nInsurance  Overseas Generals administrative expense ratio increased in 2009, primarily due to the inclusion of Combined Insurance for the full year.\nGlobal Reinsurance The Global Reinsurance segment represents ACEs reinsurance operations comprising ACE Tempest Re Bermuda, ACE Tempest Re USA, ACE Tempest Re International, and ACE Tempest Re Canada.\nGlobal Reinsurance markets its reinsurance products worldwide under the ACE Tempest Re brand name and provides a broad range of coverage to a diverse array of primary P&C companies."}
{"_id": "d86081ad0", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Managements Discussion and Analysis Net revenues in Equities were $7.83 billion for 2015, 16% higher than 2014.\nExcluding a gain of $121 million ($30 million and $91 million included in equities client execution and securities services, respectively) in 2014 related to the extinguishment of certain of our junior subordinated debt, net revenues in Equities were 18% higher than 2014, primarily due to significantly higher net revenues in equities client execution across the major regions, reflecting significantly higher results in both derivatives and cash products, and higher net revenues in securities services, reflecting the impact of higher average customer balances and improved securities lending spreads.\nCommissions and fees were essentially unchanged compared with 2014.\nWe elect the fair value option for certain unsecured borrowings.\nThe fair value net gain attributable to the impact of changes in our credit spreads on these borrowings was $255 million ($214 million and $41 million related to Fixed Income, Currency and Commodities Client Execution and equities client execution, respectively) for 2015, compared with a net gain of $144 million ($108 million and $36 million related to Fixed Income, Currency and Commodities Client Execution and equities client execution, respectively) for 2014.\nOperating expenses were $13.94 billion for 2015, 28% higher than 2014, due to significantly higher net provisions for mortgage-related litigation and regulatory matters, partially offset by decreased compensation and benefits expenses.\nPre-tax earnings were $1.21 billion in 2015, 72% lower than 2014.\nInvesting & Lending Investing & Lending includes our investing activities and the origination of loans, including our relationship lending activities, to provide financing to clients.\nThese investments and loans are typically longer-term in nature.\nWe make investments, some of which are consolidated, directly and indirectly through funds that we manage, in debt securities and loans, public and private equity securities, infrastructure and real estate entities.\nWe also make unsecured loans to individuals through our online platform."}
{"_id": "d8be9b9f4", "title": "", "text": "| 2015 2014 (in millions) 2013 | Share-based compensation expense | Income tax benefit |"}
{"_id": "d8b513620", "title": "", "text": "| At December 31, 2014 A.M. Best Rating(a) Gross Reinsurance Assets Percent of Reinsurance Assets (b) Uncollateralized Reinsurance Assets | (in millions) | Reinsurer: | Swiss Reinsurance Group of Companies | Berkshire Hathaway Group of Companies | Munich Reinsurance Group of Companies |"}
{"_id": "d8663c02e", "title": "", "text": "Changes in fair value under the fair value option election The following table presents the changes in fair value included in the Consolidated statements of income for the years ended December 31, 2018, 2017 and 2016, for items for which the fair value option was elected.\nThe profit and loss information presented below only includes the financial instruments that were elected to be measured at fair value; related risk management instruments, which are required to be measured at fair value, are not included in the table."}
{"_id": "d8259f480", "title": "", "text": "Financial assurance We must provide financial assurance to governmental agencies and a variety of other entities under applicable environmental regulations relating to our landfill operations for capping, closure and post-closure costs, and related to our performance under certain collection, landfill and transfer station contracts.\nWe satisfy these financial assurance requirements by providing surety bonds, letters of credit, or insurance policies (the Financial Assurance Instruments), or trust deposits, which are included in restricted cash and marketable securities and other assets in our consolidated balance sheets.\nThe amount of the financial assurance requirements for capping, closure and post-closure costs is determined by applicable state environmental regulations.\nThe financial assurance requirements for capping, closure and post-closure costs may be associated with a portion of the landfill or the entire landfill.\nGenerally, states require a third-party engineering specialist to determine the estimated capping, closure and post-closure costs that are used to determine the required amount of financial assurance for a landfill.\nThe amount of financial assurance required can, and generally will, differ from the obligation determined and recorded under U. S.  GAAP.\nThe amount of the financial assurance requirements related to contract performance varies by contract.\nAdditionally, we must provide financial assurance for our insurance program and collateral for certain performance obligations.\nWe do not expect a material increase in financial assurance requirements during 2014, although the mix of financial assurance instruments may change.\nThese financial instruments are issued in the normal course of business and are not considered indebtedness.\nBecause we currently have no liability for the Financial Assurance Instruments, they are not reflected in our consolidated balance sheets; however, we record capping, closure and post-closure liabilities and self-insurance liabilities as they are incurred.\nThe underlying obligations of the financial assurance instruments, in excess of those already reflected in our consolidated balance sheets, would be recorded if it is probable that we would be unable to fulfill our related obligations.\nWe do not expect this to occur."}
{"_id": "d874ac6cc", "title": "", "text": "ITEM 13.\nCERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE For the information required by this Item 13, see “Certain Transactions” and “Corporate Governance” in the Proxy Statement for our 2016 Annual Meeting, which information is incorporated herein by reference."}
{"_id": "d88f44214", "title": "", "text": "| TENURE OF COMMITMENT | Total amounts committed-1 | (Dollars in millions) | As of December 31, 2005 | Indemnified securities financing | Liquidity asset purchase agreements | Unfunded commitments to extend credit | Standby letters of credit | Total commercial commitments |"}
{"_id": "d827ba47c", "title": "", "text": "| Number of Shares WeightedAverageGrant DateFair Value | Outstanding at December 31, 2016 | Granted | Vested | Cancelled | Outstanding at December 31, 2017 |"}
{"_id": "d8f67cb5c", "title": "", "text": "| Years Ended December 31, | 2013 | Segment Pretax Operating Increase (Decrease) | (in millions) | Other revenues | Benefits, claims, losses and settlement expenses | Amortization of DAC | Interest credited to fixed accounts | Total expenses | Total |"}
{"_id": "d8956da64", "title": "", "text": "Critical Accounting Estimates In applying the accounting policies that we use to prepare our consolidated financial statements, we necessarily make accounting estimates that affect our reported amounts of assets, liabilities, revenues and expenses.\nSome of these accounting estimates require us to make assumptions about matters that are highly uncertain at the time we make the accounting estimates.\nWe base these assumptions and the resulting estimates on historical information and other factors that we believe to be reasonable under the circumstances, and we evaluate these assumptions and estimates on an ongoing basis.\nIn many instances, however, we reasonably could have used different accounting estimates and, in other instances, changes in our accounting estimates could occur from period to period, with the result in each case being a material change in the financial statement presentation of our financial condition or results of operations.\nWe refer to accounting estimates of this type as critical accounting estimates.\n The critical accounting estimates that we discuss below are those that we believe are most important to an understanding of our consolidated financial statements.\nAccounting estimates necessarily require subjective determinations about future events and conditions.\nTherefore, the following descriptions of critical accounting estimates are forward-looking statements, and actual results could differ materially from the results anticipated by these forward-looking statements.\nYou should read the following in conjunction with Note 1 of the notes to consolidated financial statements and the risk factors contained in Item 1ARisk Factors of this annual report."}
{"_id": "d8ce91e6c", "title": "", "text": "| 2013 Change2013 over 2012 2012 Change2012 over 2011 2011 | (In millions, except percentages) | Silicon Systems Group | Applied Global Services | Display | Energy and Environmental Solutions | Total |"}
{"_id": "d881a7994", "title": "", "text": "Commitments to Fund Partnership Investments The Company makes commitments to fund partnership investments in the normal course of business.\nThe amounts of these unfunded commitments were $5.3 billion and $3.0 billion at December 31, 2007 and 2006, respectively.\nThe Company anticipates that these amounts will be invested in partnerships over the next five years.\nMortgage Loan Commitments The Company commits to lend funds under mortgage loan commitments.\nThe amounts of these mortgage loan commitments were $4.0 billion at both December 31, 2007 and 2006.\nCommitments to Fund Bank Credit Facilities, Bridge Loans and Private Corporate Bond Investments The Company commits to lend funds under bank credit facilities, bridge loans and private corporate bond investments.\nThe amounts of these unfunded commitments were $1.2 billion and $1.9 billion at December 31, 2007 and 2006, respectively.\nOther Commitments In December 2005, RGA repurchased 1.6 million shares of its outstanding common stock at an aggregate price of $76 million under an accelerated share repurchase agreement with a major bank.\nThe bank borrowed the stock sold to RGA from third parties and purchased the shares in the open market over the subsequent few months to return to the lenders.\nRGA would either pay or receive an amount based on the actual amount paid by the bank to purchase the shares.\nThese repurchases resulted in an increase in the Company’s ownership percentage of RGA to approximately 53% at December 31, 2005 from approximately 52% at December 31, 2004.\nIn February 2006, the final purchase price was determined, resulting in a cash settlement substantially equal to the aggregate cost.\nRGA recorded the initial repurchase of shares as treasury stock and recorded the amount received as an adjustment to the cost of the treasury stock.\nAt December 31, 2007, the Company’s ownership was approximately 52% of RGA.\nGuarantees In the normal course of its business, the Company has provided certain indemnities, guarantees and commitments to third parties pursuant to which it may be required to make payments now or in the future.\nIn the context of acquisition, disposition, investment and other transactions, the Company has provided indemnities and guarantees, including those related to tax, environmental and other specific liabilities, and other indemnities and guarantees that are triggered by, among other things, breaches of representations, warranties or covenants provided by the Company.\nIn addition, in the normal course of business, the Company provides indemnifications to counterparties in contracts with triggers similar to the foregoing, as well as for certain other liabilities, such as third party lawsuits.\nThese obligations are often subject to time limitations that vary in duration, including contractual limitations and those that arise by operation of law, such as applicable statutes of limitation.\nIn some cases, the maximum potential obligation under the indemnities and guarantees is subject to a contractual limitation ranging from less than $1 million to $800 million, with a cumulative maximum of $2.3 billion, while in other cases such limitations are not specified or applicable.\nSince certain of these obligations are not subject to limitations, the Company does not believe that it is possible to determine the maximum potential amount that could become due under these guarantees in the future.\nAs described more fully in “— Liquidity and Capital Resources — The Company — Liquidity Sources — Debt Issuances”: ?\nIn December 2007, the Holding Company, in connection with the collateral financing arrangement associated with MRC’s reinsurance of the closed block liabilities, entered into an agreement with an unaffiliated financial institution under which the Holding Company is entitled to the interest paid by MRC on the surplus notes of 3-month LIBOR plus 55 basis points in exchange for the payment of 3-month LIBOR plus 112 basis points, payable quarterly.\nUnder this agreement, the Holding Company may also be required to make payments to the unaffiliated financial institution related to any decline in the market value of the surplus notes and in connection with any early termination of this agreement.\nThe Holding Company’s net cost of 57 basis points has been allocated to MRC.\nFor the year ended December 31, 2007, this amount was immaterial.  ?\nIn May 2007, the Holding Company, in connection with the collateral financing arrangement associated with MRSC’s reinsurance of universal life secondary guarantees, entered into an agreement with an unaffiliated financial institution under which the Holding Company is entitled to the return on the investment portfolio held by the trust established in connection with this collateral financing arrangement in exchange for the payment of a stated rate of return to the unaffiliated financial institution of 3-month LIBOR plus 70 basis points, payable quarterly.\nThe Holding Company may also be required to make payments to the unaffiliated financial institution, for deposit into the trust, related to any decline in the market value of the assets held by the trust, as well as amounts outstanding upon maturity or early termination of the collateral financing arrangement.\nAs a result of this agreement, the Holding Company effectively assumed the $2.4 billion liability under the collateral financing arrangement along with a beneficial interest in the trust holding the associated assets.\nThe Holding Company simultaneously contributed to MRSC its beneficial interest in the trust, along with any return to be received on the investment portfolio held by the trust.\nThe Holding Company allocates the financing costs associated with the collateral financing arrangement to MRSC.\nIn December 2006, the Holding Company issued junior subordinated debentures with a face amount of $1.25 billion.\nSee “— Liquidity and Capital Resources — The Company — Liquidity Sources — Debt Issuances” for further information.\nIn September 2006, the Holding Company issued $204 million of affiliated long-term debt with an interest rate of 6.07% maturing in 2016.\nIn March 2006, the Holding Company issued $10 million of affiliated long-term debt with an interest rate of 5.70% maturing in 2016.\nIn December 2005, the Holding Company issued $286 million of affiliated long-term debt with an interest rate of 5.24% maturing in 2015.\nIn June 2005, the Holding Company issued $1.0 billion aggregate principal amount of 5.00% senior notes due June 15, 2015 at a discount of $2.7 million ($997.3 million), and $1.0 billion aggregate principal amount of 5.70% senior notes due June 15, 2035 at a discount of $2.4 million ($997.6 million).\nIn June 2005, the Holding Company issued 400 million pounds sterling ($729.2 million at issuance) aggregate principal amount of 5.25% senior notes due June 29, 2020 at a discount of 4.5 million pounds sterling ($8.1 million at issuance), for aggregate proceeds of 395.5 million pounds sterling ($721.1 million at issuance).\nThese notes were initially offered and sold outside the United States in reliance upon Regulation S under the Securities Act.\nThe following table summarizes the Holding Company’s outstanding senior notes issuances, excluding any premium or discount:"}
{"_id": "d829d9bae", "title": "", "text": "Energy and Environmental Solutions Segment The Energy and Environmental Solutions segment includes products for fabricating c-Si solar PVs, as well as high throughput roll-to-roll deposition equipment for flexible electronics, packaging and other applications.\nThis business is focused on delivering solutions to generate and conserve energy, with an emphasis on lowering the cost to produce solar power and increasing conversion efficiency.\nWhile end-demand for solar PVs has been robust over the last several years, investment levels in capital equipment remain depressed.\nGlobal solar PV production capacity exceeds anticipated demand, which has caused solar PV manufacturers to significantly reduce or delay investments in manufacturing capacity and new technology, or in some instances to cease operations.\nCertain significant measures for the past three fiscal years were as follows:"}
{"_id": "d86a8766a", "title": "", "text": "| Year Ended September 30, | 2010 | ($ in 000's) | Revenues: | Interest Income | Interest Expense | Net Interest Income | Other Loss | Net Revenues | Non-Interest Expenses | Employee Compensation and Benefits | Communications and Information Processing | Occupancy and Equipment | Provision for Loan Losses | Other | Total Non-Interest Expenses | Pre-tax Income |"}
{"_id": "d824fd022", "title": "", "text": "| As of December | $ in millions | Resale agreements | Securities borrowed | Repurchase agreements | Securities loaned |"}
{"_id": "d86b2f75c", "title": "", "text": "CF INDUSTRIES HOLDINGS, INC.  118 16.\nDerivative Financial Instruments We use derivative financial instruments to reduce our exposure to changes in commodity prices and foreign currency exchange rates.\nCommodity Price Risk Management Natural gas is the largest and most volatile component of the manufacturing cost for nitrogen-based products.\nWe manage the risk of changes in natural gas prices primarily through the use of derivative financial instruments covering periods through the end of 2018.\nThe derivatives that we use are primarily fixed price swaps and options traded in the OTC markets.\nThese natural gas derivatives settle using primarily a NYMEX futures price index, which represents the basis for fair value at any given time.\nWe entered into natural gas derivative contracts with respect to natural gas to be consumed by us in the future, and settlements of those derivative contracts are scheduled to coincide with our anticipated purchases of natural gas used to manufacture nitrogen products during those future periods.\nWe use natural gas derivatives as an economic hedge of natural gas price risk, but without the application of hedge accounting.\nAs a result, changes in fair value of these contracts are recognized in earnings.\nAs of December 31, 2015 and 2014, we had open natural gas derivative contracts for 431.5 million MMBtus and 58.7 million MMBtus, respectively.\nFor the year ended December 31, 2015, we used derivatives to cover approximately 64% of our natural gas consumption."}
{"_id": "d85ff2d4e", "title": "", "text": "| Qualified Pension Plan Non-U.S. Pension Plans | (Dollars in millions) | Components of net periodic benefit cost | Service cost | Interest cost | Expected return on plan assets | Amortization of prior service cost | Amortization of net actuarial loss (gain) | Recognized loss (gain) due to settlements and curtailments | Net periodic benefit cost (income) | Weighted-average assumptions used to determine net cost for years ended December 31 | Discount rate | Expected return on plan assets | Rate of compensation increase | Nonqualified andOther Pension Plans | (Dollars in millions) | Components of net periodic benefit cost | Service cost | Interest cost | Expected return on plan assets | Amortization of transition obligation | Amortization of prior service cost (credits) | Amortization of net actuarial loss (gain) | Recognized loss due to settlements and curtailments | Net periodic benefit cost (income) | Weighted-average assumptions used to determine net cost for years ended December 31 | Discount rate | Expected return on plan assets | Rate of compensation increase |"}
{"_id": "d8ac67e0e", "title": "", "text": "| (MMBbls) | United States Onshore | United States Offshore | Canada | International |"}
{"_id": "d863d0164", "title": "", "text": "| Years Ended December 31, | 2009 | (In millions) | Operating Revenues | Premiums | Universal life and investment-type product policy fees | Net investment income | Other revenues | Total operating revenues | Operating Expenses | Policyholder benefits and claims and policyholder dividends | Interest credited to policyholder account balances | Capitalization of DAC | Amortization of DAC and VOBA | Interest expense | Other expenses | Total operating expenses | Provision for income tax expense (benefit) | Operating earnings |"}
{"_id": "d8caf3544", "title": "", "text": "| 2005 2004 2003 | Computed expected tax | State taxes, net of federal effect | Indefinitely invested earnings of foreign subsidiaries | Nondeductible executive compensation | Research and development credit, net | Other items | Provision for income taxes | Effective tax rate |"}
{"_id": "d8cd216b8", "title": "", "text": "| Year Ended December 31, 2013 Specialty Commercial International Total | (In millions, except %) | Net written premiums | Net earned premiums | Net investment income | Net operating income | Net realized investment gains (losses) | Net income | Other performance metrics: | Loss and loss adjustment expense ratio | Expense ratio | Dividend ratio | Combined ratio | Rate | Retention | New Business (a) |"}
{"_id": "d885790f4", "title": "", "text": "The Company enters into operating leases for vehicles whose non-cancelable terms are one year or less in duration with month-to-month renewal options.\nThese leases have been excluded from the table above.\nThe Company estimates payments under such leases will approximate $62 million in 2018.\nThese vehicle leases have guaranteed residual values that have historically been satisfied by the proceeds on the sale of the vehicles."}
{"_id": "d89b7bdb6", "title": "", "text": "| At December 31, | 2011 | (dollar amounts in thousands) | Derivative assets: | Interest rate lock agreements | Forward trades and options | Total derivative assets | Derivative liabilities: | Interest rate lock agreements | Forward trades and options | Total derivative liabilities | Net derivative asset (liability) |"}
{"_id": "d89e7752e", "title": "", "text": "| As of December 31, | 2016 | (in millions) | Other assets: | Premium tax offset for future undiscounted assessments | Premium tax offsets currently available for paid assessments | Total | Other liabilities: | Insolvency assessments |"}
{"_id": "d8d064866", "title": "", "text": "2016 vs.  2015 Interest incurred decreased $4.2.\nThe decrease primarily resulted from a stronger U. S.  dollar on the translation of foreign currency interest of $6, partially offset by a higher average debt balance of $2.\nThe change in capitalized interest was driven by a decrease in the carrying value of projects under construction, primarily as a result of our exit from the Energy-from-Waste business.2015 vs.  2014 Interest incurred decreased $5.5.\nThe decrease was driven by the impact of a stronger U. S.  dollar on the translation of foreign currency interest of $12, partially offset by a higher average debt balance of $7.\nThe change in capitalized interest was driven by a higher carrying value in construction in progress.\nLoss on Extinguishment of Debt On 30 September 2016, in anticipation of the Versum spin-off, Versum issued $425.0 of notes to Air Products, who then exchanged these notes with certain financial institutions for $418.3 of Air Products outstanding commercial paper.\nThe exchange resulted in a loss of $6.9 ($4.3 after-tax, or $.02 per share).\nIn September 2015, we made a payment of $146.6 to redeem 3,000,000 Unidades de Fomento (UF) Series E 6.30% Bonds due 22 January 2030 that had a carrying value of $130.0 and resulted in a net loss of $16.6 ($14.2 after-tax, or $.07 per share).\nEffective Tax Rate The effective tax rate equals the income tax provision divided by income from continuing operations before taxes.\nRefer to Note 23, Income Taxes, to the consolidated financial statements for details on factors affecting the effective tax rate.2016 vs.  2015 On a GAAP basis, the effective tax rate was 27.5% and 24.0% in 2016 and 2015, respectively.\nThe change included a 240 bp impact from tax costs associated with business separation, primarily resulting from a dividend declared in 2016 to repatriate cash from a foreign subsidiary, as discussed above in Business Separation Costs.\n The remaining 110 bp change was primarily due to the increase in mix of income in jurisdictions with a higher effective tax rate and the impact of business separation costs for which a tax benefit was not available.\nOn a nonGAAP basis, the effective tax rate increased from 24.2% in 2015 to 24.8% in 2016, primarily due to the increase in and mix of income in jurisdictions with a higher effective tax rate."}
{"_id": "d8afd3a84", "title": "", "text": "| Pension Benefits Other Postretirement Benefits | As of December 31, | 2018 | Other liabilities |"}
{"_id": "d8b6052d6", "title": "", "text": "Inventories, net: Merchandise Inventory The Company used the LIFO method of accounting for approximately 89% of inventories at both December 31, 2016 and January 2, 2016.\nUnder LIFO, the Company’s cost of sales reflects the costs of the most recently purchased inventories, while the inventory carrying balance represents the costs for inventories purchased in 2016 and prior years.\nAs a result of utilizing LIFO, the Company recorded a reduction to cost of sales of $40,711 and $42,295 in 2016 and 2015, respectively, and an increase to cost of sales of $8,930 in 2014.\nHistorically, the Company’s overall costs to acquire inventory for the same or similar products have generally decreased as the Company has been able to leverage its continued growth and execution of merchandise strategies.\nThe increase in cost of sales for 2014 was the result of an increase in supply chain costs.\nProduct Cores The remaining inventories are comprised of product cores, the non-consumable portion of certain parts and batteries and the inventory of certain subsidiaries, which are valued under the first-in, first-out (“FIFO”) method.\nProduct cores are included as part of the Company’s merchandise costs and are either passed on to the customer or returned to the vendor.\nBecause product cores are not subject to frequent cost changes like the Company’s other merchandise inventory, there is no material difference when applying either the LIFO or FIFO valuation method.\nInventory Overhead Costs Purchasing and warehousing costs included in inventory as of December 31, 2016 and January 2, 2016, were $395,240 and $359,829, respectively.\nInventory Balance and Inventory Reserves Inventory balances at the end of 2016 and 2015 were as follows:"}
{"_id": "d81d04d98", "title": "", "text": "| 2014 2013 2012 | Revenue | Converters | Amplifiers/Radio frequency | Other analog | Subtotal analog signal processing | Power management & reference | Total analog products | Digital signal processing | Total Revenue |"}
{"_id": "d8e605f9e", "title": "", "text": "| December 31 2005 2004 | (In millions) | Gross Case Reserves | Gross IBNR Reserves | Total Gross Carried Claim and Claim Adjustment Expense Reserves | Net Case Reserves | Net IBNR Reserves | Total Net Carried Claim and Claim Adjustment Expense Reserves | Payments Due by Period | December 31, 2005 | (In millions) | Debt | Operating leases | Claim and claim expense reserves (a) | Future policy benefits reserves (b) | Policyholder funds reserves (b) | Purchase obligations (c) | Total |"}
{"_id": "d8a22dbf0", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | Balance at January 1, | Additions based on tax positions related to the current year | Additions based on tax positions of prior years | Reductions for tax positions of prior years | Reductions from expiration of statute of limitations | Settlements | Balance at December 31, |"}
{"_id": "d875e5fac", "title": "", "text": "| Payments Due by Year (in thousands) | Contractual Obligations | Debt (a) | Operating Leases: | Minimum Rent Payments (b) | Other Long-Term Liabilities: | Deferred Compensation (c) | Total |"}
{"_id": "d810cc896", "title": "", "text": "| Years Ended December 31, | 2009 | (In millions) | Operating Revenues | Premiums | Net investment income | Other revenues | Total operating revenues | Operating Expenses | Policyholder benefits and claims and policyholder dividends | Interest credited to policyholder account balances | Interest credited to bank deposits | Capitalization of DAC | Amortization of DAC and VOBA | Interest expense | Other expenses | Total operating expenses | Provision for income tax expense (benefit) | Operating earnings | Preferred stock dividends | Operating earnings available to common shareholders |"}
{"_id": "d89151d86", "title": "", "text": "| Phase 3 Drug Candidate Currently AnticipatedYear of Expiration (in the U.S.) 2016 (use) 2023 2024 2025 2026 (use) 2027 2029 | MK-3102 (omarigliptin) | MK-8931 (verubecestat) | MK-8835 (ertugliflozin) | MK-8835A (ertugliflozin + sitagliptin) | MK-8835B (ertugliflozin + metformin) | MK-1439 (doravirine) | MK-8342B (contraception, next generation ring) |"}
{"_id": "d8b9e804c", "title": "", "text": "| Amount of commitment expiration per period | In thousands | Standby letters of credit and guarantees |"}
{"_id": "d8bbdd0f0", "title": "", "text": "| Thousands of dths Delivered Revenues in Millions | Twelve Months Ended | Description | Residential | General | Firm transportation | Total firm sales and transportation | Interruptible sales(a) | NYPA | Generation plants | Other | Other operating revenues | Total |"}
{"_id": "d8e727fc6", "title": "", "text": "| For the Year Ended December | 2013 | in millions, except rates | Assets | Deposits with banks | U.S. | Non-U.S. | Securities borrowed, securities purchased under agreements to resell and federal funds sold | U.S. | Non-U.S. | Financial instruments owned, at fair value1,2 | U.S. | Non-U.S. | Other interest-earning assets3 | U.S. | Non-U.S. | Total interest-earning assets | Cash and due from banks | Other non-interest-earning assets2 | Total assets | Liabilities | Interest-bearing deposits | U.S. | Non-U.S. | Securities loaned and securities sold under agreements to repurchase | U.S. | Non-U.S. | Financial instruments sold, but not yet purchased, at fairvalue1, 2 | U.S. | Non-U.S. | Short-term borrowings4 | U.S. | Non-U.S. | Long-term borrowings4 | U.S. | Non-U.S. | Other interest-bearing liabilities5 | U.S. | Non-U.S. | Total interest-bearing liabilities | Non-interest-bearing deposits | Other non-interest-bearing liabilities2 | Total liabilities | Shareholders’ equity | Preferred stock | Common stock | Total shareholders’ equity | Total liabilities and shareholders’ equity | Interest rate spread | Net interest income and net yield on interest-earning assets | U.S. | Non-U.S. | Percentage of interest-earning assets and interest-bearing liabilities attributable tonon-U.S. operations6 | Assets | Liabilities |"}
{"_id": "d8f6ea4ae", "title": "", "text": "| Fiscal Years Ended | September 26, 2009 | (In thousands, except per share data) | Basic net (loss) income per common share (1) | Diluted net (loss) income per common share (1) | Weighted average number of common shares outstanding -1: | Basic | Diluted | Consolidated Balance Sheet Data | Working capital | Total assets | Line of credit | Long-term debt | Total stockholders’ equity |"}
{"_id": "d89678350", "title": "", "text": "(n) Earnings per Share (EPS) Basic net earnings per share (EPS) is calculated using net earnings available to common stockholders divided by the weighted-average number of shares of common stock outstanding during the year.\nDiluted EPS is similar to basic EPS except that the weighted-average number of shares is increased to include the number of additional common shares that would have been outstanding if the potentially dilutive common shares had been issued.\nDilutive common stock options are included in the diluted EPS calculation using the treasury stock method.\nCommon stock options and unvested restricted shares (units) that were not included in the diluted EPS computation because the price was greater than the average market price of the common shares for the periods presented were 0, 0 and 891 for 2014, 2013 and 2012, respectively Computations of basic and diluted earnings per share from continuing operations are presented in the following table:"}
{"_id": "d8a71dfde", "title": "", "text": "| AMOUNT OF CHANGE | 2008 | Net sales and revenues: | Containerboard | Packaging | Recycling | Kraft bags and sacks | Other products | Total | Contribution to earnings |"}
{"_id": "d89d0af10", "title": "", "text": "Note D  Short-Term Borrowing In December 2016, Con Edison and the Utilities entered into a credit agreement (Credit Agreement), under which banks are committed to provide loans and letters of credit on a revolving credit basis.\nThe Credit Agreement expires in December 2021.\nThere is a maximum of $2,250 million of credit available.\nThe full amount is available to CECONY and $1,000 million (subject to increase up to $1,500 million) is available to Con Edison, including up to $1,200 million of letters of credit.\nThe Credit Agreement supports the Companies commercial paper programs.\nThe Companies have not borrowed under the Credit Agreement.\nAt December 31, 2016, Con Edison had $1,054 million of commercial paper outstanding, of which $600 million was outstanding under CECONYs program.\nThe weighted average interest rate at December 31, 2016 was 1.0 percent for both Con Edison and CECONY.\nAt December 31, 2015, Con Edison had $1,529 million of commercial paper outstanding of which $1,033 million was outstanding under CECONYs program.\nThe weighted average interest rate at December 31, 2015 was 0.7 percent for both Con Edison and CECONY.\nAt December 31, 2016 and 2015, no loans were outstanding under the Credit Agreement and $2 million (including $2 million for CECONY) and $15 million of letters of credit were outstanding under the Credit Agreement, respectively.\nThe banks commitments under the Credit Agreement are subject to certain conditions, including that there be no event of default.\nThe commitments are not subject to maintenance of credit rating levels or the absence of a material adverse change.\nUpon a change of control of, or upon an event of default by one of the Companies, the banks may terminate their commitments with respect to that company, declare any amounts owed by that company under the Credit Agreement immediately due and payable and require that company to provide cash collateral relating to the letters of credit issued for it under the Credit Agreement.\nEvents of default include the exceeding at any time of a ratio of consolidated debt to consolidated total capital of 0.65 to 1 (at December 31, 2016 this ratio was 0.51 to 1 for Con Edison and 0.52 to 1 for CECONY); having liens on its assets in an aggregate amount exceeding five percent of its consolidated total capital, subject to certain exceptions; and the failure, following any applicable notice period, to meet certain other customary covenants.\nInterest and fees charged for the revolving credit facilities and any loans made or letters of credit issued under the Credit Agreement reflect the Companies respective credit ratings.\nThe Companies were in compliance with their covenants at December 31, 2016.\nSee Note S for information about short-term borrowing between related parties."}
{"_id": "d826042f4", "title": "", "text": "| Revenue Mix Summary Year Ended -1 Comparable Store Sales Summary Year Ended -2 | February 27, 2010 | Consumer electronics | Home office | Entertainment | Appliances | Services | Other | Total |"}
{"_id": "d822f8204", "title": "", "text": "| Plan category Number of securities to beissued upon exercise of outstanding options, warrants and rights (a) Weighted-average exercise price of outstanding options, warrants and rights (b) Number of securities remaining availablefor future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) | Equity compensation plans approved by securityholders-1 | Equity compensation plans not approved bysecurity holders-2 | Total |"}
{"_id": "d8681abde", "title": "", "text": "| Nine Months Ended September 30 | 2005 | (Dollars in millions) | Operating activities | Net income | Reconciliation of net income to net cash provided by (used in) operating activities: | Provision for credit losses | Gains on sales of debt securities | Depreciation and premises improvements amortization | Amortization of intangibles | Deferred income tax expense (benefit) | Net increase in trading and derivative instruments | Net increase in other assets | Net decrease in accrued expenses and other liabilities | Other operating activities, net | Net cash used in operating activities | Investing activities | Net decrease in time deposits placed and other short-term investments | Net increase in federal funds sold and securities purchased under agreements to resell | Proceeds from sales of available-for-sale securities | Proceeds from maturities of available-for-sale securities | Purchases of available-for-sale securities | Proceeds from maturities of held-to-maturity securities | Proceeds from sales of loans and leases | Other changes in loans and leases, net | Additions to mortgage servicing rights, net | Net purchases of premises and equipment | Proceeds from sales of foreclosed properties | Investment in China Construction Bank | Net cash (paid in) acquired in business acquisitions | Other investing activities, net | Net cash used in investing activities | Financing activities | Net increase in deposits | Net increase in federal funds purchased and securities sold under agreements to repurchase | Net increase in commercial paper and other short-term borrowings | Proceeds from issuance of long-term debt | Retirement of long-term debt | Proceeds from issuance of common stock | Common stock repurchased | Cash dividends paid | Other financing activities, net | Net cash provided by financing activities | Effect of exchange rate changes on cash and cash equivalents | Net increase in cash and cash equivalents | Cash and cash equivalents at January 1 | Cash and cash equivalents at September 30 | CREDIT RATING | STANDARD &POOR’S | Northern Trust Corporation: | Senior Debt | Subordinated Debt | Preferred Stock | Trust Preferred Capital Securities | Outlook | The Northern Trust Company: | Short-Term Deposit | Long-Term Deposit | Subordinated Debt | Outlook |"}
{"_id": "d8bb34284", "title": "", "text": "| Year Term Loan Senior Unsecured Notes Mortgage and Other Secured Debt Total-1 | 2010 | 2011 | 2012 | 2013 | 2014 | Thereafter | $200,000 |"}
{"_id": "d8c029956", "title": "", "text": "| In millions Unpaid Principal Balance Recorded Investment (a) Associated Allowance (b) Average Recorded Investment (a) | December 31, 2013 | Impaired loans with an associated allowance | Commercial | Commercial real estate | Home equity | Residential real estate | Credit card | Other consumer | Total impaired loans with an associated allowance | Impaired loans without an associated allowance | Commercial | Commercial real estate | Home equity | Residential real estate | Total impaired loans without an associated allowance | Total impaired loans | December 31, 2012 (c) | Impaired loans with an associated allowance | Commercial | Commercial real estate | Home equity | Residential real estate | Credit card | Other consumer | Total impaired loans with an associated allowance | Impaired loans without an associated allowance | Commercial | Commercial real estate | Home equity | Residential real estate | Total impaired loans without an associated allowance | Total impaired loans |"}
{"_id": "d87119438", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | Balance at January 1, | Additions based on tax positions related to the current year | Additions based on tax positions of prior years | Reductions for tax positions of prior years | Settlements | Balance at December 31, |"}
{"_id": "d89b1ac28", "title": "", "text": "| 1% Increase 1% Decrease | (in millions) | Effect on total service and interest cost components for 2008 | Effect on year-end 2008 postretirement benefit obligation |"}
{"_id": "d8c6c15a2", "title": "", "text": "| 2013 2014 2015 2016 2017 2018 | JKHY | Peer Group | S&P 500 |"}
{"_id": "d8ced74e4", "title": "", "text": "| Pension Benefits Other Postretirement Benefits | Transition Obligation | (in millions) | Balance, December 31, 2007 | Effect of measurement date change | Amortization for the period | Deferrals for the period | Impact of foreign currency changes and other | Balance, December 31, 2008 | Amortization for the period | Deferrals for the period | Impact of foreign currency changes and other | Balance, December 31, 2009 |"}
{"_id": "d8b000818", "title": "", "text": "| Fiscal 2007-1 Fiscal 2006-1 Fiscal 2005-1 | (dollars in millions) | Equity | Fixed income | Other | Total sales and trading revenues |"}
{"_id": "d8b0a1f2e", "title": "", "text": "| Millions Dec. 31, 2015 Dec. 31, 2014 | Accounts payable | Income and other taxes payable | Accrued wages and vacation | Interest payable | Accrued casualty costs | Equipment rents payable | Dividends payable [a] | Other | Total accounts payable and other current liabilities |"}
{"_id": "d8f1fedfa", "title": "", "text": "| Expected Benefit Payments | 2016 | Pension Benefits | Other Benefits |"}
{"_id": "d825b9a24", "title": "", "text": "| Crude Oil and Condensate (Thousands of barrels) | United States | Proved developed reserves: | December 31, 2010 | December 31, 2011 | December 31, 2012 | December 31, 2013 | Proved undeveloped reserves: | December 31, 2010 | December 31, 2011 | December 31, 2012 | December 31, 2013 | Total proved reserves: | Balance December 31, 2010 | Extensions, discoveries and other additions | Purchase of minerals in-place | Revisions of previous estimates | Production | Sale of properties | Balance December 31, 2011 | Extensions, discoveries and other additions | Purchase of minerals in-place | Revisions of previous estimates | Production | Sale of properties | Balance December 31, 2012 | Extensions, discoveries and other additions | Purchase of minerals in-place | Revisions of previous estimates | Production | Sale of properties | Balance December 31, 2013 |"}
{"_id": "d86ca146e", "title": "", "text": "| (In Millions) | 2003 net revenue | Deferred fuel cost revisions | Other | 2004 net revenue |"}
{"_id": "d8894d572", "title": "", "text": "| Entergy Arkansas 1,357 | Entergy Gulf States Louisiana | Entergy Louisiana | Entergy Mississippi | Entergy New Orleans | Entergy Texas | System Energy | Entergy Operations | Entergy Services | Entergy Nuclear Operations | Other subsidiaries | Total Entergy |"}
{"_id": "d8155940e", "title": "", "text": "| (In millions) 2008 2007 2006 | Minimum rental(a) | Contingent rental | Sublease rentals | Net rental expense |"}
{"_id": "d874ac64a", "title": "", "text": "ITEM 11.\nEXECUTIVE COMPENSATION For the information required by this Item 11, see “Compensation Discussion and Analysis,” “Compensation Committee Report,” and “Executive Compensation” in the Proxy Statement for our 2016 Annual Meeting, which information is incorporated herein by reference."}
{"_id": "d828caaf6", "title": "", "text": "| Completion Factor (a): Claims Trend Factor (b): | (Decrease) Increase in Factor | -3% | -2% | -1% | 1% | 2% | 3% |"}
{"_id": "d8bc9fe52", "title": "", "text": "| 2005 2004 2003 | Shares | Shares Under Option: | Outstanding at beginning of year | Granted | Exercised | Exercised, delivery deferred | Forfeited | Outstanding at end of year | Options exercisable at year-end | Weighted average fair value per share of options granted | Remaining Life | (in millions) | Futures, forward and options contracts: | Exchange traded futures and options contracts contractual amount | Over the counter forward contracts contractual amount | Total |"}
{"_id": "d89055176", "title": "", "text": "| Bayer HealthCare Collaboration Revenue Years ended December 31, | (In millions) | Cost-sharing of Regeneron VEGF Trap-Eye development expenses | Substantive performance milestone payments | Recognition of deferred revenue related to up-front and other milestone payments | Total Bayer HealthCare collaboration revenue |"}
{"_id": "d87c7cac8", "title": "", "text": "| Commercial Lines PersonalLines Property & Casualty Other Operations Total Property & Casualty Insurance | Workers’ compensation | Workers’ compensation discount accretion | General liability | Package business | Commercial property | Auto liability | Professional liability | Bond | Homeowners | Net asbestos reserves | Net environmental reserves | Catastrophes | Uncollectible reinsurance | Other reserve re-estimates, net | Total prior accident year development | (Unaudited) | 1st Year | Group long-term disability | Group life and accident, excluding premium waiver |"}
{"_id": "d8aacb9ec", "title": "", "text": "| December 31 | 2010 | (Dollars in millions) | U.S. commercial-2 | Commercial real estate | Commercial lease financing | Non-U.S.commercial | 40,944 | U.S. small business commercial | Total commercial utilized reservable criticized exposure |"}
{"_id": "d875a10dc", "title": "", "text": "Software Development Costs Capitalization of software development costs for software to be sold, leased, or otherwise marketed begins upon the establishment of technological feasibility, which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate.\nAmortization begins once the software is ready for its intended use, generally based on the pattern in which the economic benefits will be consumed.\nTo date, software development costs incurred between completion of a working prototype and general availability of the related product have not been material.\nInternal Use Software We capitalize costs associated with customized internal-use software systems that have reached the application development stage.\nSuch capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees, who are directly associated with the development of the applications.\nCapitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose.\nIncome Taxes We use the asset and liability method of accounting for income taxes.\nUnder this method, income tax expense is recognized for the amount of taxes payable or refundable for the current year.\nIn addition, deferred tax assets and liabilities are recognized for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating losses and tax credit carryforwards.\nWe record a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not.\nTaxes Collected from Customers We net taxes collected from customers against those remitted to government authorities in our financial statements.\nAccordingly, taxes collected from customers are not reported as revenue."}
{"_id": "d896783dc", "title": "", "text": "(p) Comprehensive Income (Loss) Comprehensive income (loss) includes foreign currency translation of assets and liabilities of foreign subsidiaries, effects of exchange rate changes on intercompany balances of a long-term nature and pensions.\nThe Company does not provide income taxes on currency translation adjustments, as earnings from foreign subsidiaries are considered to be indefinitely reinvested.\nEffective January 1, 2013, the Company adopted recently issued accounting guidance that requires the Company to separately disclose, on a prospective basis, the change in each component of other comprehensive income (loss) relating to reclassification adjustments and current period other comprehensive income (loss).\nAs the guidance relates to presentation only, the adoption did not have a material impact on the Companys results of operations, financial position or cash flows."}
{"_id": "d883f9472", "title": "", "text": "| 2018 2017 2016 | Outstanding at beginning of year | Granted | Forfeited | Vested | Outstanding at end of year | Weighted average grant-date fair value: | Granted | Forfeited | Vested | Outstanding at end of year |"}
{"_id": "d8630aa72", "title": "", "text": "| Operating Revenues (in millions) % of Total Number of Customers % of Total Estimated Population Served (in millions) % of Total | New Jersey | Pennsylvania | Missouri | Illinois(a) | Indiana | California | West Virginia(b) | Subtotal (Top Seven States) | Other(c) | Total Regulated Businesses |"}
{"_id": "d87bb6846", "title": "", "text": "| December 31, | Balance Sheet Data | Cash, cash equivalents and marketable securities | Short-term borrowings | Current portion of long-term debt | Long-term debt | Total debt |"}
{"_id": "d8c849834", "title": "", "text": "| Year Ended December 31, | 2009 | $ | ($ in thousands) | Commissions | Technology products and services | Information and user access fees | Investment income | Other | Total revenues |"}
{"_id": "d8abfd0a4", "title": "", "text": "| . Year ended December 31 | Amounts | In millions of dollars, except shares in thousands | Accumulated other comprehensive income (loss) | Balance, beginning of year | Adjustment to opening balance, net of taxes(5) | Adjusted balance, beginning of period | Net change in unrealized gains and losses on investment securities, net of taxes | Net change in cash flow hedges, net of taxes | Net change in foreign currency translation adjustment, net of taxes | Pension liability adjustment, net of taxes(6) | Adjustments to initially apply SFAS 158, net of taxes | Net change inAccumulated other comprehensive income (loss) | Balance, end of year | Total common stockholders’ equity and common shares outstanding | Total stockholders’ equity | Comprehensive income (loss) | Net income (loss) | Net change inAccumulated other comprehensive income (loss) | Comprehensive income (loss) |"}
{"_id": "d8617c7fa", "title": "", "text": "| December 31, 2012 December 31, 2011 | (In millions) | Investment securities available for sale | Long-term debt-1 | Total |"}
{"_id": "d891c7040", "title": "", "text": "| (in millions) 2016 2015 | Beginning of year balance | Acquisitions-1 | Goodwill adjustments related to Quellos-2 | End of year balance |"}
{"_id": "d8cbcc060", "title": "", "text": "| 2005 2004 | Aircraft | Accumulated amortization | $1,739 | Year | 2006 | 2007 | 2008 | 2009 | 2010 | After 2010 | Total | Less: imputed interest | Present value of minimum capitalized lease payments | Less: current portion | Long-term capitalized lease obligations |"}
{"_id": "d89f26fc4", "title": "", "text": "| As of December 31, 2014 | Level 1 | (in millions) | U.S. Equities: | Pooled separate accounts-1 | Common/collective trusts-1 | Subtotal | International Equities: | Pooled separate accounts-2 | Common/collective trusts-3 | United Kingdom insurance pooled funds-4 | Subtotal | Fixed Maturities: | Pooled separate accounts-5 | Common/collective trusts-6 | U.S. government securities (federal): | Mortgage-backed | Other U.S. government securities | U.S. government securities (state & other) | Non-U.S. government securities | United Kingdom insurance pooled funds-7 | Corporate Debt: | Corporate bonds-8 | Asset-backed | Collateralized Mortgage Obligations-9 | Interest rate swaps (Notional amount: $1,536) | Guaranteed investment contract | Other-10 | Unrealized gain (loss) on investment of securities lending collateral(13) | Subtotal | Short-term Investments: | Pooled separate accounts | United Kingdom insurance pooled funds | Subtotal | Real Estate: | Pooled separate accounts-12 | Partnerships | Subtotal | Other: | Partnerships | Hedge funds | Subtotal | Total |"}
{"_id": "d842dcd9a", "title": "", "text": "| Due in | 1 Year or Less | (in 000’s) | Commercial Loans | Real Estate Construction Loans-1 | Commercial Real Estate Loans-1 | Residential Mortgage Loans | Consumer Loans | Total Loans |"}
{"_id": "d86e58208", "title": "", "text": "Business and Financial Highlights The net premiums written decrease in 2016 was driven by the Swiss Re quota share treaty, portfolio optimization and execution on our pricing strategy, partially offset by growth in targeted lines of business.\nThe increase in net losses was driven by net adverse prior year reserve development.\nThe acquisition expense decrease was primarily related to the 2016 Swiss Re quota share treaty.\nThe general operating expense decrease was driven by lower employee-related expenses and other expense savings initiatives.\nLower net investment income was driven primarily by lower alternative investment returns due to weaker performance in equity markets compared to prior years.\nWe continue to reduce the relative size of our U. S.  casualty portfolio within Liability and Financial Lines and consequently expect that net premiums written will continue to decline through 2017, in large part driven by the impact of our continued strategy on risk selection, disciplined underwriting and execution of our reinsurance strategy to further reduce risk.\nAs discussed in the Executive Summary, in January 2017, we entered into an adverse development reinsurance agreement with NICO, which covers 80 percent of up to $9 billion of potential future prior year development on substantially all of our U. S.  Casualty and Financial Lines exposures for accident years 2015 and prior.\nUnder U. S.  GAAP, any potential future prior year development would be recognized immediately as losses are incurred; however, the related recoveries under the reinsurance agreement would be deferred and recognized over the expected recovery period."}
{"_id": "d8b3fe74e", "title": "", "text": "| Company Credit Type Moody’s Standard & Poor’s Fitch | Xcel Energy | Xcel Energy | NSP-Minnesota | NSP-Minnesota | NSP-Minnesota | NSP-Wisconsin | NSP-Wisconsin | PSCo | PSCo | PSCo | SPS | SPS |"}
{"_id": "d8202fdb0", "title": "", "text": "| Year Ended December 31, | 2015 | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial mortgage and other loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Total investment income |"}
{"_id": "d8a0461fc", "title": "", "text": "| CECONY O&R Competitive Energy Businesses Other(a) Con Edison(b) | (Millions of Dollars) | Operating revenues | Purchased power | Fuel | Gas purchased for resale | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Operating income | Other income less deductions | Net interest expense | Income before income tax expense | Income tax expense | Net income | Preferred stock dividend requirements | Net income for common stock | Twelve Months Ended December 31, 2013 | (Millions of Dollars) | Operating revenues | Purchased power | Fuel | Gas purchased for resale | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Operating income |"}
{"_id": "d8da667ce", "title": "", "text": "HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES Managements Discussion and Analysis of Financial Condition and Results of Operations (Continued) acquisitions.\nFor fiscal 2016, as compared to the prior-year period, the decrease in DOS was due to lower inventory to support expected service levels, including key commodity buffer management.\nDays of purchases outstanding in accounts payable (DPO) measures the average number of days our accounts payable balances are outstanding.\nDPO is calculated by dividing ending accounts payable by a 90-day average of cost of goods sold.\nFor fiscal 2017, as compared to the prior-year period, the increase in DPO was primarily the result of an extension of payment terms with our product suppliers.\nFor fiscal 2016, as compared to the prior-year period, the increase in DPO was due primarily to an extension of payment terms with our product suppliers and favorable purchasing linearity.\nThe cash conversion cycle is the sum of DSO and DOS, less DPO.\nItems which may cause the cash conversion cycle in a particular period to differ include, but are not limited to, changes in business mix, changes in payment terms (including extended payment terms from suppliers), the extent of receivables factoring, seasonal trends, the timing of revenue recognition and inventory purchases within the period, and acquisition activity.\nInvesting Activities Net cash used in investing activities was $4.9 billion in fiscal 2017 due primarily to $2.5 billion of investments in property, plant and equipment, net of proceeds from sales, and payments of $2.2 billion in connection with business acquisitions.\nNet cash provided by investing activities increased by $5.8 billion in fiscal 2016 as compared to the prior-year period, due primarily to net proceeds of $3.2 billion from business divestitures and a decrease of $2.6 billion in cash payments made in connection with business acquisitions.\nFinancing Activities Net cash provided by financing activities was $0.6 billion in fiscal 2017 due primarily to a $3.0 billion cash dividend payment from Everett, a $2.5 billion cash dividend payment from Seattle and $2.3 billion of cash proceeds from the issuance of debt, partially offset by $3.8 billion of debt redemption payments and $3.0 billion of cash utilization for repurchases of common stock and dividend payments.\nNet cash used in financing activities was $2.2 billion in fiscal 2016 due primarily to cash utilization for repurchases of common stock and dividend payments.\nCash flow from financing activities for fiscal 2015 primarily represents net transfers from former Parent and net payments on debt.\nAs cash and the financing of our operations during that period has historically been managed by former Parent, the components of net transfers from former Parent include cash transfers to us from former Parent and payments by former Parent to settle our obligations.\nThese transactions are considered to be effectively settled for cash at the time the transaction is recorded."}
{"_id": "d8364bcd4", "title": "", "text": "| Millions 2014 2013 2012 % Change2014 v 2013 % Change 2013 v 2012 | Freight revenues | Other revenues | Total |"}
{"_id": "d85eb4400", "title": "", "text": "| ($ millions) 2017 N/A Change vs. 2016 1% 2016 N/A Change vs. 2015 -1% | Net sales | Net earnings | % of net sales |"}
{"_id": "d8b8bf12a", "title": "", "text": "| Significant Unobservable Input Unobservable Inputs (Minimum) Unobservable Inputs (Maximum) Impact of Increase in Inputon Fair Value Measurement [1] | Withdrawal Utilization[2] | Withdrawal Rates [2] | Lapse Rates [3] | Reset Elections [4] | Equity Volatility [5] |"}
{"_id": "d888b5a88", "title": "", "text": "| December 31, 2006 | Public | Carrying amount | (in millions) | Three months or less | Greater than three to six months | Greater than six to nine months | Greater than nine to twelve months | Greater than twelve to twenty-four months | Greater than twenty-four to thirty-six months | Greater than thirty-six months | Total fixed maturities, available-for-sale |"}
{"_id": "d8a2d0954", "title": "", "text": "| Cash Provided by (Used for) 2019 2018 | Operating activities | Investing activities | Financing activities |"}
{"_id": "d8f25f70e", "title": "", "text": "Many of the states in which Xcel Energy operates have enacted RESs, which may require significant increases in investment in renewable generation and transmission.\nXcel Energy is able to meet these standards by either purchasing renewable power from an independent party or by owning the assets.\nTherefore, these standards may present Xcel Energy with the opportunity to increase its investment in wind generation and transmission assets.\nAs a result, Xcel Energys capital expenditure forecast, as detailed above, may increase due to potential increased investments for renewable generation and transmission assets.\nThe capital expenditure programs of Xcel Energy are subject to continuing review and modification.\nActual utility construction expenditures may vary from the estimates due to changes in electric and natural gas projected load growth, regulatory decisions and approvals, the desired reserve margin and the availability of purchased power, as well as alternative plans for meeting Xcel Energys long-term energy needs.\nIn addition, Xcel Energys ongoing evaluation of restructuring requirements, compliance with future environmental requirements and RPSs to install emission-control equipment, and merger, acquisition and divestiture opportunities to support corporate strategies may impact actual capital requirements.\nSee additional discussion in Item 1  Electric Utility Operations.\nContractual Obligations and Other Commitments  Xcel Energy has contractual obligations and other commitments that will need to be funded in the future, in addition to its capital expenditure programs.\nThe following is a summarized table of contractual obligations and other commercial commitments at Dec.  31, 2008.\nSee additional discussion in the consolidated statements of capitalization and Notes 5, 6, and 17 to the consolidated financial statements."}
{"_id": "d82a93dba", "title": "", "text": "| December 31, | 2014 | Direct | (In millions) | Assets | Premiums, reinsurance and other receivables | Deferred policy acquisition costs and value of business acquired | Total assets | Liabilities | Future policy benefits | Policyholder account balances | Other policy-related balances | Other liabilities | Total liabilities |"}
{"_id": "d8bbdd096", "title": "", "text": "| Twelve Months Ended | (Millions of Dollars) | Operating revenues | Gas purchased for resale | Net revenues | Operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Gas operating income |"}
{"_id": "d8b5a1a56", "title": "", "text": "Net earnings Net earnings decreased primarily due to several significant, but largely offsetting, factors.\nReductions to net earnings included: ?\ngoodwill impairment charges of $749 million in our fine paper business in 2006; ?\na decrease of $600 million related to lower average price realizations for softwood lumber and structural panels; ?\ndecreased gross margins of $101 million on sales of singlefamily homes in our Real Estate and Related Assets segment; and ?\na $196 million reduction in pretax gains on dispositions.\nPretax gains of $292 million recognized during 2005 included:  $115 million on the sale of our investment in MAS Capital Management,  $63 million on the sale of the B. C.  Coastal operations,  $57 million on the sale of our French composite panel operations and  $57 million related to a deferred gain from previous timberland sales."}
{"_id": "d861e3874", "title": "", "text": "Key assumptions used in the models described above include the timing of cash flows; the maturity and repricing of balance sheet assets and liabilities, especially option-embedded financial instruments like mortgage-backed securities; changes in market conditions; and interest-rate sensitivities of our customer liabilities with respect to the interest rates paid and the level of balances.\nThese assumptions are inherently uncertain and, as a result, the models cannot precisely calculate future NIR or predict the impact of changes in interest rates on NIR and economic value.\nActual results could differ from simulated results due to the timing, magnitude and frequency of changes in interest rates and market conditions, changes in spreads and management strategies, among other factors.\nProjections of potential future streams of NIR are assessed as part of our forecasting process.\nThe following table presents the estimated exposure of NIR for the next twelve months, calculated as of December 31, 2005 and 2004, due to an immediate ± 100 basis point shift in then-current interest rates.\nEstimated incremental exposures set forth below are dependent on managements assumptions about asset and liability sensitivities under various interest-rate scenarios, such as those previously discussed, and do not reflect any actions management may undertake in order to mitigate some of the adverse effects of interest-rate changes on State Streets financial performance."}
{"_id": "d8cb2d460", "title": "", "text": "| December 31, 2016 2015 2014 | Balance at January 1 | Additions for current year tax positions | Additions for tax positions of prior years | Reductions for tax positions of prior years | Effects of foreign currency translation | Settlements | Lapse of statute of limitations | Balance at December 31 |"}
{"_id": "d898cf7a2", "title": "", "text": "(a) Under the terms of these agreements, the Company receives settlement amounts at a fixed rate and pays at a variable rate.\nIn response to changes in its interest rate risk profile, during 2008 the Company terminated interest rate swap agreements with a notional amount of $1.5 billion that had originally been entered into as cash flow hedges of variable rate long-term borrowings.\nThe Company recognized a $37 million loss as a result of the termination.\nAmounts pertaining to these interest rate swap agreements that were reclassified from accumulated other comprehensive income to increase interest expense were $11 million and $26 million for 2009 and 2008, respectively.\nThe notional amount of interest rate swap agreements entered into for risk management purposes that were outstanding at December 31, 2010 mature in 2016 and 2017.\nThe Company utilizes commitments to sell residential and commercial real estate loans to hedge the exposure to changes in the fair value of real estate loans held for sale.\nSuch commitments have generally been designated as fair value hedges.\nThe Company also utilizes commitments to sell real estate loans to offset the exposure to changes in fair value of certain commitments to originate real estate loans for sale.\nDerivative financial instruments used for trading purposes included interest rate contracts, foreign exchange and other option contracts, foreign exchange forward and spot contracts, and financial futures.\nInterest rate contracts entered into for trading purposes had notional values of $12.8 billion and $13.9 billion at December 31, 2010 and 2009, respectively.\nThe notional amounts of foreign currency and other option and futures contracts entered into for trading purposes aggregated $769 million and $608 million at December 31, 2010 and 2009, respectively.147"}
{"_id": "d89f60c42", "title": "", "text": "| Years Ended December 31, | 2011 | (In millions) | Total gains (losses) on fixed maturity securities: | Total OTTI losses recognized | Less: Noncredit portion of OTTI losses transferred to and recognized in other comprehensive income (loss) | Net OTTI losses on fixed maturity securities recognized in earnings -1 | Fixed maturity securities — net gains (losses) on sales and disposals | Total gains (losses) on fixed maturity securities | Other net investment gains (losses): | Equity securities | Trading and other securities — FVO general account securities —changes in estimated fair value | Mortgage loans | Real estate and real estate joint ventures | Other limited partnership interests | Other investment portfolio gains (losses) | Subtotal — investment portfolio gains (losses) | FVO CSEs — changes in estimated fair value: | Commercial mortgage loans | Securities | Long-term debt — related to commercial mortgage loans | Long-term debt — related to securities | Other gains (losses) (2) | Subtotal FVO CSEs and other gains (losses) | Total net investment gains (losses) |"}
{"_id": "d890e01ea", "title": "", "text": "AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) market and lease the unused tower space on the broadcast towers (the Economic Rights).\nTV Azteca retains title to these towers and is responsible for their operation and maintenance.\nThe Company is entitled to 100% of the revenues generated from leases with tenants on the unused space and is responsible for any incremental operating expenses associated with those tenants.\nThe term of the Economic Rights Agreement is seventy years; however, TV Azteca has the right to purchase, at fair market value, the Economic Rights from the Company at any time during the last fifty years of the agreement.\nShould TV Azteca elect to purchase the Economic Rights (in whole or in part), it would also be obligated to repay a proportional amount of the loan discussed above at the time of such election.\nThe Company’s obligation to pay TV Azteca $1.5 million annually would also be reduced proportionally.\nThe Company has accounted for the annual payment of $1.5 million as a capital lease (initially recording an asset and a corresponding liability of approximately $18.6 million).\nThe capital lease asset and the discount on the note, which aggregate approximately $30.2 million, represent the cost to acquire the Economic Rights and are being amortized over the seventy-year life of the Economic Rights agreement.\nOn a quarterly basis, the Company assesses the recoverability of its note receivable from TV Azteca.\nAs of December 31, 2007 and 2006, the Company has assessed the recoverability of the note receivable from TV Azteca and concluded that no adjustment to its carrying value is required.\nA former executive officer and former director of the Company served as a director of TV Azteca from December 1999 to February 2006.\nAs of December 31, 2007 and 2006, the Company also had other long-term notes receivable outstanding of approximately $4.3 million and $11.0 million, respectively.8.\nDERIVATIVE FINANCIAL INSTRUMENTS The Company enters into interest rate protection agreements to manage exposure on the variable rate debt under its credit facilities and to manage variability in cash flows relating to forecasted interest payments.\nUnder these agreements, the Company is exposed to credit risk to the extent that a counterparty fails to meet the terms of a contract.\nSuch exposure was limited to the current value of the contract at the time the counterparty fails to perform.\nThe Company believes its contracts as of December 31, 2007 and 2006 are with credit worthy institutions.\nAs of December 31, 2007 and 2006, the carrying amounts of the Company’s derivative financial instruments, along with the estimated fair values of the related assets reflected in notes receivable and other long-term assets and (liabilities) reflected in other long-term liabilities in the accompanying consolidated balance sheet, are as follows (in thousands except percentages):"}
{"_id": "d8b6054e8", "title": "", "text": "CORPORATE AND OTHER Certain corporate and other charges are reported as a separate line item within total segment operating income and include corporate office expenses, as well as shared service center and certain other centrally managed expenses that are not fully allocated to operating divisions.\nSalaries and related expenses include salaries, long-term incentives, annual bonuses and other miscellaneous benefits for corporate office employees.\nOffice and general expenses primarily include professional fees related to internal control compliance, financial statement audits and legal, information technology and other consulting services that are engaged and managed through the corporate office.\nIn addition, office and general expenses also include rental expense and depreciation of leasehold improvements for properties occupied by corporate office employees.\nA portion of centrally managed expenses are allocated to operating divisions based on a formula that uses the planned revenues of each of the operating units.\nAmounts allocated also include specific charges for information technology-related projects, which are allocated based on utilization.\nCorporate and other expenses increased during 2013 by $3.5 to $140.8 compared to 2012, primarily due to an increase in salaries and related expenses, mainly attributable to higher base salaries, benefits and temporary help, partially offset by lower severance expenses and a decrease in office and general expenses."}
{"_id": "d8f0480ec", "title": "", "text": "| (Per share amounts) First Quarter Second Quarter Third Quarter Fourth Quarter Total | 2015 High | 2015 Low | 2014 High | 2014 Low |"}
{"_id": "d8822dba2", "title": "", "text": "Cost of Sales Cost of sales, for both products and services, consist of materials, labor, and subcontracting costs, as well as an allocation of indirect costs (overhead and general and administrative).\nFor each of our contracts, we monitor the nature and amount of costs at the contract level, which form the basis for estimating our total costs at completion of the contract.\nOur consolidated cost of sales were as follows (in millions):\nDue to the nature of POC accounting, changes in our cost of product and services sales are typically accompanied by changes in our net sales.\nThe following discussion of material changes in our consolidated cost of sales should be read in tandem with the preceding discussion of changes in our consolidated net sales and with our Business Segment Results of Operations section.\nWe have not identified any developing trends in cost of sales that would have a material impact on our future operations."}
{"_id": "d8d63803a", "title": "", "text": "| Exercisable Unexercisable Total | Stock Options | Less than $37.86 | Above $37.86 | Total outstanding |"}
{"_id": "d89abe4a0", "title": "", "text": "| Four Quarters Ended Four Quarters Ended | Financial Covenants1 | Interest coverage ratio (not less than) | Actual interest coverage ratio | Leverage ratio (not greater than) | Actual leverage ratio | Years ended December 31, | 2018 | Cost of investment: current-year acquisitions1 | Cost of investment: prior-year acquisitions | Less: net cash acquired | Total cost of investment | Operating payments2 | Total cash paid for acquisitions3 |"}
{"_id": "d8cf74302", "title": "", "text": "| December 31, | (Dollars in millions) | 2015 | 2014 | 2013 | 2012 | 2011 |"}
{"_id": "d813b8dac", "title": "", "text": "| 2014 Change 2013 Change 2012 | Net sales | Percentage of total net sales | Unit sales |"}
{"_id": "d89d37498", "title": "", "text": "Table 1: The fair value of the Interest Agreements at December 31, 2007 and December 31, 2006 was $3 million and $1 million, respectively.\nThe Company is exposed to credit loss in the event of nonperformance by the counterparties to its swap contracts.\nThe Company minimizes its credit risk on these transactions by only dealing with leading, creditworthy financial institutions and does not anticipate nonperformance.\nIn addition, the contracts are distributed among several financial institutions, all of whom presently have investment grade credit ratings, thus minimizing credit risk concentration.\nStockholders Equity Derivative instruments activity, net of tax, included in Non-owner changes to equity within the consolidated statements of stockholders equity for the years ended December 31, 2007 and 2006 is as follows:"}
{"_id": "d8e226522", "title": "", "text": "| Period Total Number of Shares Purchased Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Programs Maximum Dollar Value of Shares that May Yet Be Purchased Under the Programs | Month #1August 3, 2003 through September 6, 2003 | Month #2September 7, 2003 through October 4, 2003 | Month #3October 5, 2003 through November 1, 2003 | Total | Fiscal Year Ended-1 | October 31, | 2003 | (in thousands, except per share data) | Revenue | Income (loss) before income taxes and extraordinary items(2) | Provision (benefit) for income taxes | Net income (loss) | Earnings (loss) per share(3): | Basic | Diluted | Working capital | Total assets | Long-term debt | Stockholders’ equity |"}
{"_id": "d8b3b7592", "title": "", "text": "| At December 31, | 2009 | (Inthousands) | Balance Sheet Data | Cash, cash equivalents, restricted cash, and marketable | securities (current and non-current) | Total assets | Notes payable - current portion | Notes payable - long-term portion | Facility lease obligations | Stockholders’ equity |"}
{"_id": "d86e7a89e", "title": "", "text": "| Component Changes in AUM — iShares | (in millions) | Equity | Fixed income | Multi-asset class | Alternatives-2 | TotaliShares |"}
{"_id": "d8b4148be", "title": "", "text": "| December 31 | 2010 | (Dollars in millions) | Maximum loss exposure | On-balance sheet assets | Trading account assets | Derivative assets | Loans and leases | Loansheld-for-sale | All other assets | Total | On-balance sheet liabilities | Derivative liabilities | Commercial paper and other short-term borrowings | Long-term debt | All other liabilities | Total | Total assets of VIEs |"}
{"_id": "d87e8c5de", "title": "", "text": "expense was $272, $292 and $270 in 2019, 2018 and 2017, respectively.\nThe primary U. S.  defined contribution plan (the U. S.  DC plan) comprises the majority of the expense for the Company's defined contribution plans.\nFor the U. S.  DC plan, the contribution rate is set annually.\nTotal contributions for this plan approximated 14% of total participants' annual wages and salaries in 2019, 2018 and 2017.\nWe maintain The Procter & Gamble Profit Sharing Trust (Trust) and Employee Stock Ownership Plan (ESOP) to provide a portion of the funding for the U. S.  DC plan and other retiree benefits (described below).\nOperating details of the ESOP are provided at the end of this Note.\nThe fair value of the ESOPSeries A shares allocated to participants reduces our cash contribution required to fund the U. S.  DC plan."}
{"_id": "d88cdb522", "title": "", "text": "| ($ in millions) 2007 2006 2005 | Interest costs before refinancing costs | Debt refinancing costs | Total interest costs | Amounts capitalized | Interest expense | Interest paid during the year(a) |"}
{"_id": "d86f2af6e", "title": "", "text": "Policyholders’ Account Balances Policyholders’ account balances at December 31 for the years indicated are as follows:"}
{"_id": "d8cbf259e", "title": "", "text": "| 2012 2011 change | Industrial Technology | Energy Systems and Controls | Medical and Scientific Imaging | RF Technology | Total |"}
{"_id": "d87809b94", "title": "", "text": "| As of December 31 (dollars in millions) 2013 2012 2011 2010 2009 | Total stockholders’ equity | Less: Goodwill and other acquisition-related intangible assets | Tangible stockholders’ equity | Total assets | Less: Goodwill and other acquisition-related intangible assets | Tangible assets | Tangible equity ratio | As of December 31 (in millions, except per share data) | Tangible stockholders’ equity | Common shares issued | Less: Common shares classified as treasury shares | Unallocated ESOP common shares | Common shares | Tangible book value per share |"}
{"_id": "d89aa9500", "title": "", "text": "Oil and Gas Prices Oil and Gas Operating Area Prices We expect our 2008 average prices for the oil and gas production from each of our operating areas to differ from the NYMEX price as set forth in the following table.\nThese expected ranges are exclusive of the anticipated effects of the oil and gas financial contracts presented in the “Commodity Price Risk Management” section below.\nThe NYMEX price for oil is the monthly average of settled prices on each trading day for benchmark West Texas Intermediate crude oil delivered at Cushing, Oklahoma.\nThe NYMEX price for gas is determined to be the first-of-month south Louisiana Henry Hub price index as published monthly in Inside FERC."}
{"_id": "d8ae712d6", "title": "", "text": "Stock Performance Graph At least annually, we consider which companies comprise a readily identifiable investment peer group.\nMcDonald's is included in published restaurant indices; however, unlike most other companies included in these indices, which have no or limited international operations, McDonald's does business in more than 100 countries and a substantial portion of our revenues and income is generated outside the U. S.  In addition, because of our size, McDonald's inclusion in those indices tends to skew the results.\nTherefore, we believe that such a comparison is not meaningful.\nOur market capitalization, trading volume and importance in an industry that is vital to the U. S.  economy have resulted in McDonald's inclusion in the Dow Jones Industrial Average (DJIA) since 1985.\nLike McDonald's, many DJIA companies generate meaningful revenues and income outside the U. S.  and some manage global brands.\nThus, we believe that the use of the DJIA companies as the group for comparison purposes is appropriate.\nThe following performance graph shows McDonald's cumulative total shareholder returns (i. e. , price appreciation and reinvestment of dividends) relative to the Standard & Poor's 500 Stock Index (S&P 500 Index) and to the DJIA companies for the five-year period ended December 31, 2016.\nThe graph assumes that the value of an investment in McDonald's common stock, the S&P 500 Index and the DJIA companies (including McDonald's) was $100 at December 31, 2011.\nFor the DJIA companies, returns are weighted for market capitalization as of the beginning of each period indicated.\nThese returns may vary from those of the Dow Jones Industrial Average Index, which is not weighted by market capitalization, and may be composed of different companies during the period under consideration."}
{"_id": "d8aa80474", "title": "", "text": "| Years Ended December 31, | 2016 | Dollars inMillions | Segments:-1 | Corporate-2(3)(4) | Small Business-2(3)(4) | Public-2(4) | Other-4(5) | Headquarters-6 | Total Income from operations |"}
{"_id": "d89bcbd98", "title": "", "text": "The Company is currently under audit by the Internal Revenue Service and other major taxing jurisdictions around the world.\nIt is thus reasonably possible that significant changes in the gross balance of unrecognized tax benefits may occur within the next 12 months, but the Company does not expect such audits to result in amounts that would cause a significant change to its effective tax rate, other than the following items.\nThe Company is currently at IRS Appeals for the years 19992002.\nOne of the issues relates to the timing of the inclusion of interchange fees received by the Company relating to credit card purchases by its cardholders.\nIt is reasonably possible that within the next 12 months the Company can either reach agreement on this issue at Appeals or decide to litigate the issue.\nThis issue is presently being litigated by another company in a United States Tax Court case.\nThe gross uncertain tax position for this item at December 31, 2008 is $542 million.\nSince this is a temporary difference, the only effect to the Companys effective tax rate would be due to net interest and state tax rate differentials.\nIf the reserve were to be released, the tax benefit could be as much as $168 million.\nIn addition, the Company expects to conclude the IRS audit of its U. S.  federal consolidated income tax returns for the years 20032005 within the next 12 months.\nThe gross uncertain tax position at December 31, 2008 for the items expected to be resolved is approximately $350 million plus gross interest of $70 million.\nThe potential net tax benefit to continuing operations could be approximately $325 million.\nThe following are the major tax jurisdictions in which the Company and its affiliates operate and the earliest tax year subject to examination:"}
{"_id": "d8c868e5a", "title": "", "text": "ITEM 6.\nSELECTED FINANCIAL DATA The following selected consolidated financial data are derived from our Consolidated Financial Statements.\nThe data should be read in conjunction with Item 7, \nManagement’s Discussion and Analysis of Financial Condition and Results of Operations,\n Item 1A, \nRisk Factors,\n Item 8, \nFinancial Statements and Supplementary Data,\n and all other financial data contained in this annual report on Form 10-K.\nThese historical results are not necessarily indicative of the results to be expected in the future."}
{"_id": "d8a6aff20", "title": "", "text": "REPUBLIC SERVICES, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED The intangible assets identified that were determined to have value as a result of our analysis of Allied’s projected revenue streams and their related profits include customer relationships, franchise agreements, other municipal agreements, non-compete agreements and trade names.\nThe fair values for these intangible assets are reflected in the previous table.\nOther intangible assets were identified that are considered to be components of either property and equipment or goodwill under U. S.  GAAP, including the value of the permitted and probable airspace at Allied’s landfills (property and equipment), the going concern element of Allied’s business (goodwill) and its assembled workforce (goodwill).\nThe going concern element represents the ability of an established business to earn a higher rate of return on an assembled collection of net assets than would be expected if those assets had to be acquired separately.\nA substantial portion of this going concern element acquired is represented by Allied’s infrastructure of market-based collection routes and its related integrated waste transfer and disposal channels, whose value has been included in goodwill.\nAll of the goodwill and other intangible assets resulting from the acquisition of Allied will not be deductible for income tax purposes.\nPro Forma Information The consolidated financial statements presented for Republic include the operating results of Allied from the date of the acquisition.\nThe following pro forma information is presented assuming the merger had been completed as of January 1, 2007.\nThe unaudited pro forma information presented has been prepared for illustrative purposes and is not intended to be indicative of the results of operations that would have actually occurred had the acquisition been consummated at the beginning of the periods presented or of future results of the combined operations.\nFurthermore, the pro forma results do not give effect to all cost savings or incremental costs that occur as a result of the integration and consolidation of the acquisition (in millions, except share and per share amounts)."}
{"_id": "d88c6eed6", "title": "", "text": "| Year ended April 30, 2012 2011 (in000s) 2010 | Revenues | Pretax income (loss) from operations: | RSM and related businesses | Mortgage | -45,261 | Income taxes (benefit) | Net income (loss) from operations | Pretax loss on sales of businesses | Income tax benefit | Net loss on sales of businesses | Net income (loss) from discontinued operations |"}
{"_id": "d883cacf8", "title": "", "text": "Consumer, excluding credit card, loan portfolio Consumer loans, excluding credit card loans, consist primarily of residential mortgages, home equity loans and lines of credit, auto loans, business banking loans, and student and other loans, with a focus on serving the prime consumer credit market.\nThe portfolio also includes home equity loans secured by junior liens, prime mortgage loans with an interest-only payment period, and certain paymentoption loans originated by Washington Mutual that may result in negative amortization.\nThe table below provides information about retained consumer loans, excluding credit card, by class."}
{"_id": "d8f4c3b76", "title": "", "text": "Managements discussion and analysis 164 JPMorgan Chase & Co. /2015 Annual Report Credit ratings The cost and availability of financing are influenced by credit ratings.\nReductions in these ratings could have an adverse effect on the Firms access to liquidity sources, increase the cost of funds, trigger additional collateral or funding requirements and decrease the number of investors and counterparties willing to lend to the Firm.\nAdditionally, the Firms funding requirements for VIEs and other third party commitments may be adversely affected by a decline in credit ratings.\nFor additional information on the impact of a credit ratings downgrade on the funding requirements for VIEs, and on derivatives and collateral agreements, see Special-purpose entities on page 77, and credit risk, liquidity risk and credit-related contingent features in Note 6.\nThe credit ratings of the Parent Company and the Firms principal bank and nonbank subsidiaries as of December 31, 2015, were as follows."}
{"_id": "d8bef68b8", "title": "", "text": "| Amount Percentage of TotalOutstandings | Dollars in millions | Commercial | Commercial real estate | Equipment lease financing | Home equity (b) | Residential real estate | Non government insured | Government insured | Credit card | Other consumer | Non government insured | Government insured | Total |"}
{"_id": "d8bf28386", "title": "", "text": "| Shares Weighted-Average Grant Date Fair Value | Non-vested at December 31, 2005 | Granted during the period | Vested during the period | Forfeited during the period | Non-vested at December 31, 2006 |"}
{"_id": "d8f47a660", "title": "", "text": "| Operating Segment | (in millions) | Balance at December 31, 2010 | Acquisition of Danvers | Adjustments | Balance at December 31, 2011 | Acquisition of branches | Adjustments | Balance at December 31, 2012 | Balance at December 31, 2013 |"}
{"_id": "d8d23299a", "title": "", "text": "| Year Ended December 31, | 2017 | Total revenue | Total cruise operating expense | Operating income | Net income | EPS: | Basic | Diluted |"}
{"_id": "d8f889846", "title": "", "text": "| 2007 2008 2009 2010 2011 Thereafter Total | Long-term debt1 | Interest payments | Non-cancelable operating lease obligations | Contingent acquisition payments2 |"}
{"_id": "d8b308ea2", "title": "", "text": "NOTE 13: RESTRICTED STOCK, STOCK OPTIONS AND OTHER STOCK PLANS Prior to 2002, our Company accounted for our stock option plans and restricted stock plans under the recognition and measurement provisions of APB Opinion No.25 and related interpretations.\nEffective January 1, 2002, our Company adopted the preferable fair value recognition provisions of SFAS No.123.\nOur Company selected the modified prospective method of adoption described in SFAS No.148.\nCompensation cost recognized in 2002 was the same as that which would have been recognized had the fair value method of SFAS No.123 been applied from its original effective date.\nRefer to Note 1.\nIn accordance with the provisions of SFAS No.123 and SFAS No.148, $345 million, $422 million and $365 million were recorded for total stock-based compensation expense in 2004, 2003 and 2002, respectively.\nThe $345 million and $365 million recorded in 2004 and 2002, respectively, were recorded in selling, general and administrative expenses.\nOf the $422 million recorded in 2003, $407 million was recorded in selling, general and administrative expenses and $15 million was recorded in other operating charges.\nRefer to Note 17.\nStock Option Plans Under our 1991 Stock Option Plan (the 1991 Option Plan), a maximum of 120 million shares of our common stock was approved to be issued or transferred to certain officers and employees pursuant to stock options granted under the 1991 Option Plan.\nOptions to purchase common stock under the 1991 Option Plan have been granted to Company employees at fair market value at the date of grant.\nThe 1999 Stock Option Plan (the 1999 Option Plan) was approved by shareowners in April 1999.\nFollowing the approval of the 1999 Option Plan, no grants were made from the 1991 Option Plan, and shares available under the 1991 Option Plan were no longer available to be granted.\nUnder the 1999 Option Plan, a maximum of 120 million shares of our common stock was approved to be issued or transferred to certain officers and employees pursuant to stock options granted under the 1999 Option Plan.\nOptions to purchase common stock under the 1999 Option Plan have been granted to Company employees at fair market value at the date of grant."}
{"_id": "d888ccc10", "title": "", "text": "| Dollars in millions December 312016 December 312015 Expiration | Net Operating Loss Carryforwards: | Federal | State |"}
{"_id": "d86b2f8ec", "title": "", "text": "| Twelve months ended December 31, | 2015 | (in millions, except as noted) | Net sales | Cost of sales | Gross margin | Gross margin percentage | Sales volume by product tons (000s) | Sales volume by nutrient tons (000s)(1) | Average selling price per product ton | Average selling price per nutrient ton-1 | Gross margin per product ton | Gross margin per nutrient ton-1 | Depreciation and amortization |"}
{"_id": "d86f92c72", "title": "", "text": "| Millions OperatingLeases CapitalLeases | 2014 | 2015 | 2016 | 2017 | 2018 | Later years | Total minimum leasepayments | Amount representing interest | Present value of minimum leasepayments |"}
{"_id": "d8ec13184", "title": "", "text": "| Cash $116 | Accounts receivable | Inventory | Other current assets | Property, plant and equipment | Intangible assets subject to amortization | Intangible assets—indefinite-lived | Regulatory assets | Other noncurrent assets | Current liabilities | Non-recourse debt | Deferred taxes | Regulatory liabilities | Other noncurrent liabilities | Redeemable preferred stock | Net identifiable assets acquired | Goodwill | Net assets acquired |"}
{"_id": "d891ea8a6", "title": "", "text": "| September 30, | 2018 | $ in thousands | Loans held for investment: | C&I loans | CRE construction loans | CRE loans | Tax-exempt loans | Residential mortgage loans | SBL | Total loans held for investment | Net unearned income and deferred expenses | Total loans held for investment, net | Loans held for sale, net | Total loans held for sale and investment | Allowance for loan losses | Bank loans, net |"}
{"_id": "d8f125474", "title": "", "text": "| 2014 2015 2016 2017 2018 2019 - 2023 | Qualified defined benefit pension plans | Retiree medical and life insurance plans |"}
{"_id": "d86389f84", "title": "", "text": "| In Millions | 2015 | CMS Energy, including Consumers | Consumers | Enterprises | Total CMS Energy | Consumers | Electric utility operations | Gas utility operations | Total Consumers |"}
{"_id": "d8f8e1492", "title": "", "text": "| 2006 $2,408 | 2007 | Total |"}
{"_id": "d88dcb82e", "title": "", "text": "Corporate Developments On April 12, 1999, Pactiv Corporation, formerly known as Tenneco Packaging Inc. , a wholly owned subsidiary of Tenneco Inc. , sold its containerboard and corrugated products business to PCA, an entity formed by Madison Dearborn Partners, LLC, a private equity investment firm, in January 1999, for $2.2 billion, consisting of $246.5 million in cash, the assumption of $1,760.0 million of debt incurred by Pactiv immediately prior to the contribution, and a 45% common equity interest in PCA valued at $193.5 million.\nPCA Holdings LLC, an entity organized and controlled by Madison Dearborn, acquired the remaining 55% common equity interest in PCA for $236.5 million in cash, which was used to finance in part the transactions.\nThe financing of the transactions consisted of (1) borrowings under a new $1,469.0 million senior credit facility for which J. P.  Morgan Securities Inc.  and BT Alex.\nBrown Incorporated (the predecessor to Deutsche Banc Alex.\nBrown) were co-lead arrangers, (2) the offering of $550.0 million of 9 5/8% senior subordinated notes due 2009, and $100.0 million of 12 3/8% senior exchangeable preferred stock due 2010, (3) a cash equity investment of $236.5 million by PCA Holdings LLC and (4) an equity investment by Pactiv valued at $193.5 million.\nAs required by their terms, the $550.0 million of senior subordinated notes and $100.0 million of senior exchangeable preferred stock issued in the April 12, 1999 transactions were exchanged for publicly registered securities in the same amounts in a registered exchange offer completed in October 1999.\nThe information in the graph and table above is not deemed filed with the Securities and Exchange Commission and is not to be incorporated by reference in any of PCAs filings under the Securities Act of 1933 or the Securities Exchange Act of 1934, whether made before or after the date of this Annual Report on Form 10-K, except to the extent that PCA specifically incorporates such information by reference."}
{"_id": "d8617c836", "title": "", "text": "| Years Ended December 31, | 2012 | ContractualRates | Long-term debt |"}
{"_id": "d8a06dedc", "title": "", "text": "| Calendar year: Pre-tax catastrophe losses | (Dollars in millions) | 2018 | 2017 | 2016 | 2015 | 2014 |"}
{"_id": "d8bd741ca", "title": "", "text": "| (In millions) 2018 2019 2020 2021 2022 Thereafter Total-2 | As of December 31, 2017 | Long-term debt-1 | Weighted average interest rates |"}
{"_id": "d82729a08", "title": "", "text": "Private equity fund investments included above are not redeemable, because distributions from the funds will be received when underlying investments of the funds are liquidated.\nPrivate equity funds are generally expected to have 10-year lives at their inception, but these lives may be extended at the fund manager’s discretion, typically in one or two-year increments.\nAt December 31, 2018, assuming average original expected lives of 10 years for the funds, 14 percent of the total fair value using net asset value per share (or its equivalent) presented above would have expected remaining lives of three years or less, 43 percent between four and six years and 43 percent between seven and 10 years."}
{"_id": "d8b4b94ea", "title": "", "text": "| Ownership % | InfraServ GmbH & Co. Gendorf KG | InfraServ GmbH & Co. Knapsack KG | InfraServ GmbH & Co. Hoechst KG |"}
{"_id": "d89e5456a", "title": "", "text": "| (in millions) Domestic Brokerage Group Transatlantic Personal Lines Mortgage Guaranty Foreign General Reclassifications and Eliminations Total | 2006: | Statutory underwriting profit (loss) | Increase (decrease) in DAC | Net investment income | Realized capital gains (losses) | Operating income (loss) | 2005: | Statutory underwriting profit (loss) | Increase (decrease) in DAC | Net investment income | Realized capital gains (losses) | Operating income (loss) | 2004: | Statutory underwriting profit (loss) | Increase (decrease) in DAC | Net investment income | Realized capital gains (losses) | Operating income (loss) |"}
{"_id": "d8be8d0f2", "title": "", "text": "| For the Year 2010 | Life | Revenue: | Premium | Net investment income | Other income | Total revenue | Expenses: | Policy benefits | Required interest on: Policy reserves | Deferred acquisition costs | Amortization of acquisition costs | Commissions, premium taxes, and non-deferred acquisition costs | Insurance administrative expense-3 | Parent expense | Stock-based compensation expense | Interest expense | Total expenses | Subtotal | Amortization of low-income housing interests | Measure of segment profitability (pretax) | Deduct applicable income taxes | Segment profits after tax | Add back income taxes applicable to segment profitability | Add (deduct) realized investment gains (losses) | Deduct amortization of low-incomehousing -5 | Pretax income per Consolidated Statement of Operations | For the Year | 2012 | Cost of acquisitions: | Investment-grade corporate securities | Taxable municipal securities | Other investment-grade securities | Total fixed-maturity acquisitions | Effective annual yield (one year compounded*) | Average life (in years, to next call) | Average life (in years to maturity) | Average rating |"}
{"_id": "d889ff1a0", "title": "", "text": "Supplemental Cash Flow Information Net cash paid for interest and income taxes was as follows for the years ended December 31, 2016, 2015 and 2014 (in thousands):\nEOG's accrued capital expenditures at December 31, 2016, 2015 and 2014 were $388 million, $416 million and $972 million, respectively.\nNon-cash investing activities for the year ended December 31, 2016, included $3,834 million in non-cash additions to EOG's oil and gas properties related to the Yates transaction (see Note 17).\nNon-cash investing activities for the year ended December 31, 2014 included non-cash additions of $5 million to EOG's oil and gas properties as a result of property exchanges.11.  Business Segment Information EOG's operations are all crude oil and natural gas exploration and production related.\nThe Segment Reporting Topic of the ASC establishes standards for reporting information about operating segments in annual financial statements.\nOperating segments are defined as components of an enterprise about which separate financial information is available and evaluated regularly by the chief operating decision maker, or decision-making group, in deciding how to allocate resources and in assessing performance.\nEOG's chief operating decision-making process is informal and involves the Chairman of the Board and Chief Executive Officer and other key officers.\nThis group routinely reviews and makes operating decisions related to significant issues associated with each of EOG's major producing areas in the United States, Trinidad, the United Kingdom and China.\nFor segment reporting purposes, the chief operating decision maker considers the major United States producing areas to be one operating segment.\nEOG RESOURCES, INC.\nSUPPLEMENTAL INFORMATION TO CONSOLIDATED FINANCIAL STATEMENTS (Continued)"}
{"_id": "d815e5b7a", "title": "", "text": "| REGULATORY GUIDELINES STATE STREET STATE  STREET  BANK | Minimum | Regulatory capital ratios: | Tier 1 risk-based capital | Total risk-based capital | Tier 1 leverage ratio-1 |"}
{"_id": "d821ebc62", "title": "", "text": "| Options Outstanding Options Exercisable | Range of Per Share Exercise Prices | $ 4.02—$ 5.19 | $ 7.02—$ 8.38 | $ 9.25—$12.88 | $14.93—$18.88 | $21.10—$26.32 | $27.84—$43.16 | November 30, | 2003 | Carrying Amount | (In thousands) | ASSETS | Homebuilding: | Investments—trading | Financial services: | Mortgage loans held for sale, net | Mortgage loans, net | Investments held-to-maturity | Limited-purpose finance subsidiaries—collateral for bonds and notes payable | LIABILITIES | Homebuilding: | Senior notes and other debts payable | Financial services: | Notes and other debts payable | Limited-purpose finance subsidiaries—bonds and notes payable | OTHER FINANCIAL INSTRUMENTS | Homebuilding: | Interest rate swaps | Financial services assets (liabilities): | Commitments to originate loans | Forward commitments to sell loans and option contracts |"}
{"_id": "d87e41cd2", "title": "", "text": "| In millions at December 31 2007 2006 | Raw materials | Finished pulp, paper and packaging products | Operating supplies | Other | Inventories |"}
{"_id": "d8c118fb0", "title": "", "text": "(1) Represents depreciation and amortization from continuing operations.\n(2) Represents the effect of foreign currency translation by translating results at an average exchange rate for the periods measured.\n(3) Represents one-year weighted-average adjusted cash used for investing activities, determined by applying the weightings below to the adjusted cash used for investing activities for each quarter in the two-year period ended December 31, 2008."}
{"_id": "d875492ba", "title": "", "text": "on our credit rating; or (3) U. S.  Swing Loan, Euro Swing Loan, or Foreign Currency Swing Loan, which will bear interest at the rate equal to the applicable Swing Loan rate for that currency plus the same applicable margin plus additionally for Euro and Sterling loans, an applicable reserve requirement and cost adjustment.\nWe also agreed to pay a facility fee on the aggregate commitment amount, whether used or unused, at a rate ranging from 0.04% to 0.10% and a utilization fee on loans at a rate ranging from 0.05% to 0.10% based on our credit rating.\nCurrently, the applicable margin is 0.15%, the facility fee is 0.05% and the utilization fee is 0.05%.\nThis facility contains certain covenants, including financial covenant requirements relating to a maximum level of debt to EBITDA and events of default customary for financings of this type.\nThis facility expires on February 15, 2013.\nThere were no borrowings under this facility and we were in compliance with all covenants during and at the end of fiscal 2010.\nU. S.  commercial paper programs.\nWe maintain a $500 million U. S.  commercial paper program, which provides for the issuance of unsecured debt with maturities up to 270 days from the date of issuance at interest rates generally extended to companies with comparable credit ratings.\nThe commercial paper program is a source of short-term borrowed funds that may be used from time to time to cover short-term cash needs.\nWe had no obligations outstanding under this program during and at the end of fiscal 2010.\nThere are no financial covenants related to this program.\nUniversal shelf registration statement.\nOn May 6, 2009, we filed a registration statement with the U. S.  Securities and Exchange Commission using a shelf registration process.\nAs permitted by the registration statement, we may, from time to time, sell shares of debt or equity securities in one or more transactions.\nThe registration statement expires on May 5, 2012.\nEscrow account.\nWe maintain an escrow account for use in the payment of covered litigation matters.\nWhen the Company funds the escrow account, the shares of class B common stock held by our stockholders are subject to dilution through an adjustment to the conversion rate of the shares of class B common stock to shares of class A common stock.\nSee Note 4—Retrospective Responsibility Plan to our consolidated financial statements.\nThe balance in this account at September 30, 2010 was $1.9 billion and is reflected as restricted cash on our consolidated balance sheet.\nIn October 2010, after the end of our 2010 fiscal year, we deposited an additional $800 million into the escrow account.\nAs these funds are restricted for use solely for the purpose of making payments related to covered litigation matters, we have not included them as part of our liquid assets.\nHowever, they should be viewed as a source of cash for purposes of making payments related to settlement of or judgment in covered litigation matters, as described below under Uses of Liquidity.\nCredit Ratings At September 30, 2010, Standard and Poor’s and Moody’s rated our unsecured debt as follows:"}
{"_id": "d8d1463e2", "title": "", "text": "| Year ended December 31 | Dollars in millions, except per share data | SUMMARYOFOPERATIONS | Interest income | Interest expense | Net interest income | Noninterest income | Total revenue | Provision for credit losses | Noninterest expense (b) | Income from continuing operations before income taxes and noncontrolling interests | Income taxes (b) | Income from continuing operations before noncontrolling interests | Income from discontinued operations (net of income taxes of zero, zero, zero, zero and$338) (c) | Net income (b) | Less: Net income (loss) attributable to noncontrolling interests (b) | Preferred stock dividends (d) | Preferred stock discount accretion and redemptions (d) | Net income attributable to common shareholders (d) | PERCOMMONSHARE | Basic earnings | Continuing operations (b) | Discontinued operations (c) | Net income | Diluted earnings | Continuing operations (b) | Discontinued operations (c) | Net income | Book value (b) | Cash dividends declared |"}
{"_id": "d8f5faa08", "title": "", "text": "| 2007 2006 2005 | Weighted average shares outstanding for basic net earnings per share | Effect of dilutive stock options and other equity awards | Weighted average shares outstanding for diluted net earnings per share |"}
{"_id": "d82e92a38", "title": "", "text": "| December 31, | 2015 | Long-term assets, excluding goodwill and other intangibles | U.S. | Canada | Mexico | Total consolidated long-lived assets |"}
{"_id": "d86052168", "title": "", "text": "| Dollars and shares in millions, except per share data Amount 2017 Increase/ (decrease) Amount 2016 Increase/ (decrease) 2015 Amount | Revenues | Sales by Company-operated restaurants | Revenues from franchised restaurants | Total revenues | Operating costs and expenses | Company-operated restaurant expenses | Franchised restaurants-occupancy expenses | Selling, general & administrative expenses | Other operating (income) expense, net | Total operating costs and expenses | Operating income | Interest expense | Nonoperating (income) expense, net | Income before provision for income taxes | Provision for income taxes | Net income | Earnings per common share—diluted | Weighted-average common shares outstanding—diluted |"}
{"_id": "d85fde092", "title": "", "text": "| Project: Market Total Units Units Completed Cost to Date Budgeted Cost Estimated Cost Per Unit Expected Completion | Post River North | 1201 Midtown II | Post Centennial Park | 937 |"}
{"_id": "d8dcdc814", "title": "", "text": "| December 31 | Outstandings | (Dollars in millions) | Commercial loans and leases | Commercial – domestic-3 | Commercial real estate-4 | Commercial lease financing | Commercial – foreign | 300,102 | Small business commercial – domestic-5 | Total commercial loans excluding loans measured at fair value | Total measured at fair value-6 | Total commercial loans and leases | Net Charge-offs | (Dollars in millions) | Commercial loans and leases | Commercial – domestic-4 | Commercial real estate | Commercial lease financing | Commercial – foreign | 5,624 | Small business commercial – domestic | Total commercial |"}
{"_id": "d87e20474", "title": "", "text": "| Payments Due by Period | 2016 - 19 | (in millions) | Asset retirement obligations | December 31, 2008 | Aaa | Cost or | Amortized | Cost | (In millions) | 2003 & Prior | 2004 | 2005 | 2006 | 2007 | 2008 | Total | Ratings Distribution |"}
{"_id": "d8b5136ac", "title": "", "text": "| Years Ended December 31, | 2014 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d887d2ea4", "title": "", "text": "| Year North America-1 Europe-2 | 2009 | 2010 | 2011 | 2012 | 2013 |"}
{"_id": "d8e77b1a8", "title": "", "text": "| Incremental | In billions of dollars | Credit cards | Commercial paper conduits | Private label consumer mortgages | Student loans | Muni bonds | Mutual fund deferred sales commission securitization | Investment funds | Total | In millions of dollars, except total and average loan amounts in billions | Product View: | Global Cards | North America | Ratio | EMEA | Ratio | Latin America | Ratio | Asia | Ratio | Consumer Banking | North America | Ratio | EMEA | Ratio | Latin America | Ratio | Asia | Ratio | GWM | Ratio | On-balance-sheet loans(2) | Ratio | Securitized receivables (all in NA Cards) | Credit card receivables held-for-sale(3) | Managed loans(4) | Ratio | Regional view: | North America | Ratio | EMEA | Ratio | Latin America | Ratio | Asia | Ratio | On-balance-sheet loans(2) | Ratio | Securitized receivables (all inNA Cards) | Credit card receivables held-for-sale(3) | Managed loans(4) | Ratio |"}
{"_id": "d82aee5bc", "title": "", "text": "| 2004 2003 2002 | Cash, cash equivalents, and short-term investments | Accounts receivable, net | Inventory | Working capital | Days sales in accounts receivable (DSO) (a) | Days of supply in inventory (b) | Days payables outstanding (DPO) (c) | Annual operating cash flow | See Note(s) | (Thousands of Dollars) | Regulatory Assets | Pension and employee benefit obligations | AFDC recorded in plant(a) | Conservation programs(a) | Term of related | Contract valuation adjustments(d) | Losses on reacquired debt | Net asset retirement obligations(e) | Renewable resource costs | Environmental costs | Unrecovered natural gas costs(c) | Private fuel storage | State commission accounting adjustments(a) | Unrecovered electric production and MISO Day 2 costs | Nuclear decommissioning costs(b) | Rate case costs | Other | Total regulatory assets | Regulatory Liabilities | Plant removal costs | Pension and employee benefit obligations | Investment tax credit deferrals | Deferred income tax adjustments | Contract valuation adjustments(d) | Fuel costs, refunds and other | Electric fuel recovery refund | Interest on income tax refunds | Total regulatory liabilities |"}
{"_id": "d8ab979a2", "title": "", "text": "| As of December 31, | 2012 | (In $ millions) | Short-Term Borrowings and Current Installments of Long-Term Debt - Third Party and Affiliates | Current installments of long-term debt | Short-term borrowings, including amounts due to affiliates | Total |"}
{"_id": "d82739890", "title": "", "text": "| Year Ended Year Ended | January 25,2015 | (In millions) | GPU | Tegra Processor | All Other | Total |"}
{"_id": "d883294e8", "title": "", "text": "Company Stock Performance The following graph shows a five-year comparison of cumulative total shareholder return, calculated on a dividend reinvested basis, for the Company, the S&P 500 Composite Index, the S&P Computer Hardware Index, and the Dow Jones U. S.  Technology Index.\nThe graph assumes $100 was invested in each of the Company’s common stock, the S&P 500 Composite Index, the S&P Computer Hardware Index, and the Dow Jones U. S.  Technology Index as of the market close on September 30, 2007.\nData points on the graph are annual.\nNote that historic stock price performance is not necessarily indicative of future stock price performance."}
{"_id": "d8bcea420", "title": "", "text": "| For the Years Ended December 31, | (In millions, except per share data) | Statement of Operations data: | Operating revenues | Income from continuing operations(a) | Income from continuing operations per basic common share(a) | Income from continuing operations per diluted common share(a) | Balance Sheet data: | Total assets(b) (c) | Long-term debt and redeemable preferred stock at redemption value(b) | Other data: | Cash dividends declared per common share | Net cash provided by operating activities(d) (e) (f) | Net cash used in investing activities(f) | Net cash provided by (used in) financing activities(d) (e) (f) | Capital expenditures included in net cash used in investing activities |"}
{"_id": "d891a8730", "title": "", "text": "| 2014 $ 907.4 | 2015 | 2016 | 2017 | 2018 | Thereafter | Total | Pension Benefits | Transition Obligation | (in millions) | Balance, December 31, 2008 | Amortization for the period | Deferrals for the period | Impact of foreign currency changes and other | Balance, December 31, 2009 | Amortization for the period | Deferrals for the period | Impact of foreign currency changes and other | Balance, December 31, 2010 |"}
{"_id": "d871ce28e", "title": "", "text": "The equity and debt securities objectives are to provide diversified exposure across the US and global equity markets and to manage the risks and returns of the plans through the use of multiple managers and strategies.\nThe fixed income strategy is designed to reduce liability-related interest rate risk by investing in bonds that match the duration and credit quality of the plan liabilities.\nDerivatives based strategies may be used to improve the effectiveness of the hedges.\nFASB ASC Topic 820 establishes a fair value hierarchy that prioritizes the inputs used to measure fair value.\nThe hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurement) and the lowest priority to unobservable inputs (Level 3 measurement).\nThis hierarchy requires entities to maximize the use of observable inputs and minimize the use of unobservable inputs.\nIf a financial instrument uses inputs that fall in different levels of the hierarchy, the instrument will be categorized based upon the lowest level of input that is significant to the fair value calculation.\nValuations for fund investments such as common/collective trusts and registered investment companies, which do not have readily determinable fair values, are typically estimated using a net asset value provided by a third party as a practical expedient.\nThe levels of inputs used to measure fair value are as follows: Level 1 - unadjusted quoted prices for identical assets or liabilities in active markets accessible by the Company Level 2 - inputs that are observable in the marketplace other than those inputs classified as Level 1 Level 3 - inputs that are unobservable in the marketplace and significant to the valuation"}
{"_id": "d87e0e76a", "title": "", "text": "| 2010 2009 | Land | Building and improvements | Leasehold improvements | Construction-in-progress | Laboratory and other equipment | Furniture, computer and office equipment, and other | 478,757 | Less, accumulated depreciation and amortization | $347,450 |"}
{"_id": "d874df5f4", "title": "", "text": "| Year Ended December 31, | 2013 | (In $ millions) | Employee termination benefits | Kelsterbach plant relocation (Note 27) | Plumbing actions | Asset impairments | Plant/office closures | Commercial disputes | Other | Total |"}
{"_id": "d8ad376cc", "title": "", "text": "| Beginning Balanceat January 1, Actual Return on Plan Assets Related to Assets Still Held at the Reporting Date Actual Return on Plan Assets Related to Assets Sold During thePeriod Purchases, Sales,and Settlements, net Net Transfers into (out of) of Level 3 Ending Balance at December 31, | 2011: | Real estate | Private equity | 2010: | Other debt securities | Real estate | Private equity |"}
{"_id": "d8204ff2a", "title": "", "text": "REPUBLIC SERVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) Changes in the deferred tax valuation allowance for the years ended December 31, 2012, 2011 and 2010 are as follows:\nIn assessing the realizability of deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized after the initial recognition of the deferred tax asset.\nWe also provide valuation allowances, as needed, to offset portions of deferred tax assets due to uncertainty surrounding the future realization of such deferred tax assets.\nWe adjust the valuation allowance in the period management determines it is more likely than not that deferred tax assets will or will not be realized.\nWe have state net operating loss carryforwards with an estimated tax effect of $130.2 million available at December 31, 2012.\nThese state net operating loss carryforwards expire at various times between 2013 and 2032.\nWe believe that it is more likely than not that the benefit from certain state net operating loss carryforwards will not be realized.\nIn recognition of this risk, at December 31, 2012, we have provided a valuation allowance of $113.5 million for certain state net operating loss carryforwards.\nAt December 31, 2012, we also have provided a valuation allowance of $11.3 million for certain other deferred tax assets.\nDeferred income taxes have not been provided on the undistributed earnings of our Puerto Rican subsidiaries of approximately $40 million and $39 million as of December 31, 2012 and 2011, respectively, as such earnings are considered to be permanently invested in those subsidiaries.\nIf such earnings were to be remitted to us as dividends, we would incur approximately $14 million of federal income taxes.\nWe made income tax payments (net of refunds received) of approximately $185 million, $173 million and $418 million for 2012, 2011 and 2010, respectively.\nIncome taxes paid in 2012 and 2011 reflect the favorable tax depreciation provisions of the Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010 (Tax Relief Act) that was signed into law in December 2010.\nThe Tax Relief Act included 100% bonus depreciation for property placed in service after September 8, 2010 and through December 31, 2011 (and for certain long-term construction projects to be placed in service in 2012) and 50% bonus depreciation for property placed in service in 2012 (and for certain long-term construction projects to be placed in service in 2013).\nIncome taxes paid in 2010 includes $111 million related to the settlement of certain tax liabilities regarding BFI risk management companies.\nWe and our subsidiaries are subject to income tax in the U. S.  and Puerto Rico, as well as income tax in multiple state jurisdictions.\nOur compliance with income tax rules and regulations is periodically audited by tax authorities.\nThese authorities may challenge the positions taken in our tax filings.\nThus, to provide for certain potential tax exposures, we maintain liabilities for uncertain tax positions for our estimate of the final outcome of the examinations."}
{"_id": "d86f6bb2c", "title": "", "text": "In conjunction with the expansion, we signed a 10-year, 20,000 BPD crude oil supply agreement with Newfield Exploration Company.\nThis agreement, which commences upon completion of the expansion, will supply black and yellow wax crude oil produced in the nearby Uinta Basin to the Woods Cross Refinery.\nUpon completion of this expansion, the Woods Cross Refinery's capacity to process waxy crude is expected to double to approximately 24,000 BPD.\nMarkets and Competition The Cheyenne Refinery primarily markets its products in eastern Colorado, including metropolitan Denver, eastern Wyoming and western Nebraska.\nBecause of the location of the Cheyenne Refinery, we are able to sell a significant portion of its diesel from the truck rack at the refinery, thus eliminating transportation costs.\nPipeline shipments from the Cheyenne Refinery are on the Magellan pipeline serving Denver and Colorado Springs, Colorado.\nDenver Market The most competitive market for the Cheyenne Refinery is the Denver metropolitan area.\nThree other refineries supply the Denver market, Wyoming refineries near Rawlins and in Casper owned by Sinclair and a refinery in Denver owned by Suncor.\nFive product pipelines also supply Denver, including three from outside the region.\nUtah Market The Woods Cross Refinery's primary market is Utah, which is currently supplied by a number of local refiners and the Pioneer Pipeline.\nIn addition to our Woods Cross Refinery, local area refiners include Chevron, Tesoro, Big West and Silver Eagle.\nOther refiners that ship into the Woods Cross market via the Pioneer Pipeline include Sinclair, ExxonMobil, CHS and Phillips 66.\nWe estimate the four local refineries that compete with our Woods Cross Refinery have a combined capacity to process approximately 150,000 BPD of crude oil.\nThe five Utah refineries collectively supply an estimated 70% of the gasoline and distillate products consumed in the states of Utah and Idaho, with the remainder imported from refineries in Wyoming and Montana via the Pioneer Pipeline owned jointly by Sinclair and Phillips 66.\nApproximately 40% - 45% of the gasoline and diesel fuel produced by our Woods Cross Refinery is sold through a network of Phillips 66 branded marketers under a long-term supply agreement.\nIdaho, Wyoming, Eastern Washington and Nevada Markets We supply a small percentage of the refined products consumed in the combined Idaho, Wyoming, eastern Washington and Nevada markets.\nOur Woods Cross Refinery ships refined products over a common carrier pipeline system owned by Tesoro Logistics Northwest Pipelines LLC (Tesoro Logistics) to numerous terminals, including HEP's terminal at Spokane, Washington and to terminals at Pocatello and Boise, Idaho and Pasco, Washington that are owned by Tesoro Logistics.\nWe sell to branded and unbranded customers in these markets.\nIn 2012, we began shipping refined products to Cedar City, Utah and Las Vegas, Nevada via the UNEV Pipeline.\nThe majority of the Las Vegas, Nevada market for refined products is supplied by various West Coast refiners and suppliers via Kinder Morgan's CalNev common carrier pipeline system.\nPrincipal Products Set forth below is information regarding the principal products produced at our Cheyenne and Woods Cross Refineries:"}
{"_id": "d8822dbde", "title": "", "text": "Note 2  Earnings Per Share The weighted average number of shares outstanding used to compute earnings per common share were as follows (in millions):\nWe compute basic and diluted earnings per common share by dividing net earnings by the respective weighted average number of common shares outstanding for the periods presented.\nOur calculation of diluted earnings per common share includes the dilutive effects for the assumed exercise of stock options and vesting of restricted stock units based on the treasury stock method.\nThe computation of diluted earnings per common share excluded 8.0 million, 13.4 million, and 14.7 million stock options for the years ended December 31, 2012, 2011, and 2010 because their inclusion would have been anti-dilutive, primarily due to their exercise prices exceeding the average market price of our common stock during each respective reporting period."}
{"_id": "d85f2a150", "title": "", "text": "| (In millions) 2017 2016 | $400 million unsecured senior note due June 2020 | $500 million unsecured senior note due June 2025 | $1,250 million revolving credit agreement due June 2021 | Total debt | Less: current portion | Total long-term debt |"}
{"_id": "d87981c2e", "title": "", "text": "| 2018 2017 | Pension plans | Postretirement plans |"}
{"_id": "d86cf721a", "title": "", "text": "Pretax operating income represents the segments income before taxes and noncontrolling interests.\nThe pretax operating income excludes such items as corporate expenses and interest income and interest expense not allocated to the segments as well as the charges described in detail in Note 3 to the Consolidated Financial Statements, interest on postretirement medical benefits and stock-based compensation costs.\nFourth-quarter revenue was $5.74 billion versus $5.43 billion in the third quarter of 2009.\nIncome from continuing operations attributable to Schlumberger was $817 million  an increase of 4% sequentially.\nOilfield Services fourth-quarter revenue of $5.17 billion was up 4% compared to the third quarter of 2009.\nSequential pretax segment operating income of $1.01 billion was down 3%.\nWesternGeco fourth-quarter revenue of $549 million was up 19% sequentially.\nFourth-quarter pretax segment operating income of $115 million was up 89% compared to the third quarter of 2009.\nan initial conversion price of $40.00 per share).\nThe conversion rate may be adjusted for certain events, but it will not be adjusted for accrued interest.\nOn or after June 6, 2010, Schlumberger may redeem for cash all or part of the debentures, upon notice to the holders, at the redemption prices of 100% of the principal amount of the debentures, plus accrued and unpaid interest to the date of redemption.\nOn June 1, 2010, June 1, 2013 and June 1, 2018, holders may require Schlumberger to repurchase their Series B debentures.\nThe repurchase price will be 100% of the principal amount of the debentures plus accrued and unpaid interest to the repurchase date.\nThe repurchase price for repurchases on June 1, 2010 will be paid in cash.\nOn the other repurchase dates, Schlumberger may choose to pay the repurchase price in cash or common stock or any combination of cash and common stock.\nIn addition, upon the occurrence of a Fundamental Change (defined as a change in control or a termination of trading of Schlumbergers common stock), holders may require Schlumberger to repurchase all or a portion of their debentures for an amount equal to 100% of the principal amount of the debentures plus accrued and unpaid interest to the repurchase date.\nThe repurchase price may be paid in cash, Schlumberger common stock (or if Schlumberger is not the surviving entity in a merger, the securities of the surviving entity) or a combination of cash and the applicable securities, at Schlumbergers option.\nThe applicable securities will be valued at 99% of their market price.\nSchlumbergers option to pay the repurchase price with securities is subject to certain conditions.\nThe debentures will mature on June 1, 2023 unless earlier redeemed or repurchased.\nDuring 2008 and 2007, $95 million and $34 million of the Series B debentures were converted into 2.4 million and 0.9 million shares of Schlumberger common stock, respectively.\nThere were $321 million of the Series B debentures outstanding at both December 31, 2009 and December 31, 2008.\nThe fair value of the Series B debentures at December 31, 2009 and December 31, 2008 was $527 million and $398 million, respectively, and was based on quoted market prices.\nOther Long-term Debt Other Long-term Debt consists of the following:"}
{"_id": "d8e49359e", "title": "", "text": "| (Millions of Dollars) Con Edison CECONY | 2013 | 2014 | 2015 | 2016 | 2017 |"}
{"_id": "d86fac3e8", "title": "", "text": "| 2016 2015 2014 | Risk free interest rate | Volatility | Dividend yield | Weighted average expected life (years) |"}
{"_id": "d85e51e86", "title": "", "text": "| 2013 2012 2011 | Retail Marketing | Number of retail stations* | Convenience store revenue (in millions) | Average gasoline volume per station (thousands of gallons per month) |"}
{"_id": "d8e62f77c", "title": "", "text": "Other Trading Account Assets Other trading account assets primarily include trading positions held by our derivatives trading operations and our global commodities group.\nOur derivatives trading operations maintain trading positions in various foreign exchange instruments and commodities, primarily to facilitate transactions for our clients.\nWe seek to use short security positions and forwards, futures, options and other derivatives to limit exposure to interest rate and other market risks associated with these positions.\nWe also trade derivative financial instruments that allow our clients to manage exposure to interest rate, currency and other market risks.\nOur derivative transactions involve both exchange-listed and over-the-counter contracts.\nOur global commodities group provides advice, sales and trading on a global basis covering a wide variety of commodity, financial and foreign exchange futures, swap and forward contracts, including agricultural commodities, base and precious metals, major currencies, interest rate and stock indices.\nWe act both as a broker, buying and selling exchange-listed contracts for our customers, and as a dealer, by entering into futures and security transactions as a principal."}
{"_id": "d8ac92dca", "title": "", "text": "| Location Function Size (square feet) Property Interest | Boston, MA | Southborough, MA | Woburn, MA | Atlanta, GA | Cary, North Carolina | Mexico City, Mexico | Sao Paulo, Brazil |"}
{"_id": "d8f5e01b2", "title": "", "text": "| Years ended December 31, | 2008 | Balance at beginning of period | (Reversed) charged to costs and expenses | (Reversed) charged to gross tax assets and other accounts | Balance at end of period |"}
{"_id": "d8e211884", "title": "", "text": "| Year Ended December 31, | 2017 | U.S. federal statutory income tax rate | State and local income taxes, net of federal tax benefit | Effect of foreign operations | Domestic production activity deductions | Change in uncertain tax positions | Goodwill impairment | Renewable energy investments tax credits | Preferred stock modification | Impact of Tax Reform Act | Other, net | Effective income tax rate | International Networks | 2017 | Revenues: | Distribution | Advertising | Other | Total revenues | Costs of revenue, excluding depreciation and amortization | Selling, general and administrative expenses | Adjusted OIBDA |"}
{"_id": "d86eeb1b6", "title": "", "text": "| Year Ended December 31, 2007 (In $ millions) | Balance as of January 1, 2007 | Increases in tax positions for the current year | Increases in tax positions for prior years | Decreases in tax positions of prior years | Settlements | Balance as of December 31, 2007 |"}
{"_id": "d8b09080a", "title": "", "text": "| December 31, 2017 December 31, 2016 | (in millions) | Derivatives designated as hedging instruments: | Interest rate contracts | Derivatives not designated as hedging instruments: | Interest rate contracts | Foreign exchange contracts | Other contracts | Total derivatives not designated as hedging instruments | Gross derivative fair values | Less: Gross amounts offset in the Consolidated Balance Sheets-3 | Less: Cash collateral applied-3 | Total net derivative fair values presented in the Consolidated Balance Sheets |"}
{"_id": "d898ef16a", "title": "", "text": "Tables of Contents Non-Operating Income and Expenses Interest Expense Interest expense of $31 million in fiscal 2017 consisted primarily of interest on our senior notes, unsecured term loan, and unsecured revolving credit facility.\nInterest expense of $35 million in fiscal 2016 consisted primarily of interest on our senior notes, unsecured term loan, and unsecured revolving credit facilities.\nInterest expense of $27 million in fiscal 2015 consisted primarily of interest on our senior notes.\nSee Note 7 and Note 8 to the financial statements in Item 8 of this Annual Report for more information.\nInterest and Other Income (Expense), Net"}
{"_id": "d8f7cddb2", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | 2010 | Attritional | Catastrophes | A&E | Total segment | 2009 | Attritional | Catastrophes | A&E | Total segment | 2008 | Attritional | Catastrophes | A&E | Total segment | Variance 2010/2009 | Attritional | Catastrophes | A&E | Total segment | Variance 2009/2008 | Attritional | Catastrophes | A&E | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8a3ffbc2", "title": "", "text": "| December 31, 2010 December 31, 2009 | Financial Services Businesses | (in millions) | Allowance, beginning of year | Addition to/(release of) allowance for losses | Charge-offs, net of recoveries | Change in foreign exchange | Allowance, end of period |"}
{"_id": "d885c441e", "title": "", "text": "| Revenue Per Advisor Total Production Revenues | FISCAL YEAR 2008: | Pre-2006 class | 2006 recruits | 2007 recruits | 2008 recruits | FISCAL YEAR 2007: | Pre-2005 class | 2005 recruits | 2006 recruits | 2007 recruits | FISCAL YEAR 2006: | Pre-2004 class | 2004 recruits | 2005 recruits | 2006 recruits |"}
{"_id": "d8ed89996", "title": "", "text": "Conversely, if the proceeds from the sale are less than the average price we paid to acquire the shares, we record a decrease in additional paidin capital to the extent of increases previously recorded for similar transactions and a decrease in retained earnings for any remaining amount.\nDescription of 2005 Equity Incentive Plan Our stockholders approved our 2005 Equity Incentive Plan on December 9, 2004.\nUnder the 2005 Plan, we are permitted to grant incentive and non-qualified stock options, restricted stock awards, restricted stock units (RSUs), stock appreciation rights and stock bonus awards to our employees, non-employee directors and consultants.\nThe 2005 Plan provides for the automatic grant of stock options to non-employee directors according to a formula in the plan document.\nFor other awards, the Compensation and Organizational Development Committee of our Board of Directors or its delegates determine who will receive grants, when those grants will be exercisable, their exercise price and other terms.\nOur stockholders have approved amendments to the 2005 Plan to permit the issuance of up to 46,000,000 shares under the 2005 Plan.\nAt July 31, 2008, there were 7,975,824 shares available for grant under this plan.\nUp to 50% of equity awards granted each year under the 2005 Plan may have an exercise or purchase price per share that is less than full fair market value on the date of grant.\nAll stock options granted to date under the 2005 Plan have exercise prices equal to the fair market value of our stock on the date of grant.\nAll RSUs are considered to be granted at less than the fair market value of our stock on the date of grant because they have no exercise price.\nStock options granted under the 2005 Plan typically vest over three years based on continued service and have a seven year term.\nRSUs granted under the 2005 Plan typically vest over three years.\nDescription of Employee Stock Purchase Plan On November 26, 1996 our stockholders adopted our Employee Stock Purchase Plan under Section 423 of the Internal Revenue Code.\nThe ESPP permits our eligible employees to make payroll deductions to purchase our stock on regularly scheduled purchase dates at a discount.\nOur stockholders have approved amendments to the ESPP to permit the issuance of up to 13,800,000 shares under the ESPP, which expires on July 27, 2015.\nThe length of the offering periods under the ESPP is three months and shares are purchased at 85% of the lower of the closing price for Intuit common stock on the first day or the last day of the offering period in which the employee is participating.\nUnder the ESPP, employees purchased 1,164,977 shares of Intuit common stock during the twelve months ended July 31, 2008; 1,099,757 shares during the twelve months ended July 31, 2007; and 1,050,198 shares during the twelve months ended July 31, 2006.\nAt July 31, 2008, there were 2,109,360 shares available for issuance under this plan."}
{"_id": "d8adec338", "title": "", "text": "A reconciliation of the statutory U. S.  federal tax rate and effective tax rates is as follows:"}
{"_id": "d89644988", "title": "", "text": "| Years Ended December 31, | 2015 | (in millions) | Total net revenues | Less: Revenue attributable to CIEs | Less: Net realized investment gains | Less: Market impact on indexed universal life benefits | Less: Market impact of hedges on investments | Operating total net revenues |"}
{"_id": "d8bf0d680", "title": "", "text": "| December 31, | (dollars in millions) | Commercial | Commercial real estate | Leases | Qualitative | Total commercial | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Automobile | Student | Credit cards | Other retail | Qualitative | Total retail | Unallocated | Total loans and leases |"}
{"_id": "d8857913a", "title": "", "text": "14.\nRESEARCH AND DEVELOPMENT EXPENDITURES Research expenditures that relate to the development of new products and processes, including significant improvements and refinements to existing products, are expensed as incurred.\nSuch costs were $201 million in 2017, $189 million in 2016 and $191 million in 2015.\nThe Company did not participate in any material customer sponsored research during 2017, 2016 or 2015."}
{"_id": "d8ee8cf64", "title": "", "text": "| 2006 2005 2004 | Marketing and sales | Research and development | General and administrative |"}
{"_id": "d8e8ef002", "title": "", "text": "NEW ACCOUNTING PRONOUNCEMENTS In June 2001, the FASB issued SFAS No.142, ‘‘Goodwill and Other Intangible Assets.\n’’ The provisions of this statement are required to be applied starting with fiscal years beginning after December 15, 2001.\nThis statement is required to be applied at the beginning of an entity’s fiscal year and to be applied to all goodwill and other intangible assets recognized in its financial statements at that date.\nSFAS No.142 addresses how intangible assets (but not those acquired in a business combination) should be accounted for in financial statements upon their acquisition.\nThis statement also addresses how goodwill and other intangible assets should be accounted for after they have been initially recognized in the financial statements.\nThe statement requires that goodwill and certain other intangibles with an indefinite life, as defined in the standard, no longer be amortized.\nHowever, goodwill and intangibles would have to be assessed each year to determine whether an impairment loss has occurred.\nAny impairments recognized upon adoption would be recorded as a change in accounting principle.\nFuture impairments would be recorded in income from continuing operations.\nThe statement provides specific guidance for testing goodwill for impairment.\nThe Company had $3.2 billion of goodwill at December 31, 2001.\nGoodwill amortization was $62 million for the year ended December 31, 2001.\nThe Company is currently assessing the impact of SFAS No.142 on its financial position and results of operations.\nIn June 2001, the FASB issued SFAS No.143, ‘‘Accounting for Asset Retirement Obligations,’’ which addresses financial accounting and reporting for obligations associated with the retirement of tangible long-lived assets and the associated asset retirement costs.\nThis statement is effective for financial statements issued for fiscal years beginning after June 15, 2002.\nThe statement requires recognition of legal obligations associated with the retirement of long-lived assets that result from the acquisition, construction, development and (or) the normal operation of a long-lived asset, except for certain obligations of lessees.\nThe Company is currently assessing the impact of SFAS No.143 on its financial position and results of operations."}
{"_id": "d874be48a", "title": "", "text": "| December 31, 2013 | Labor-related deemed claim -1 | Aircraft and facility financing renegotiations and rejections -2,-3 | Fair value of conversion discount -4 | Professional fees | Other | Total reorganization items, net | 12/9/2013 | American Airlines Group Inc. | Amex Airline Index | S&P 500 | Year Ended December 31, | 2015 | (In millions, except share and per share data) | Consolidated Statements of Operations data: | Total operating revenues | Total operating expenses | Operating income (loss) | Reorganization items, net -1 | Net income (loss) | Earnings (loss) per common share: | Basic | Diluted | Shares used for computation (in thousands): | Basic | Diluted | Cash dividends declared per common share | Consolidated Balance Sheet data (at end of period): | Total assets | Long-term debt and capital leases, net of current maturities | Pension and postretirement benefits -2 | Mandatorily convertible preferred stock and other bankruptcy settlement obligations | Liabilities subject to compromise | Stockholders’ equity (deficit) | Consolidated Statements of Operations data excluding special items -3 (Unaudited): | Operating income (loss) excluding special items | Net income (loss) excluding special items |"}
{"_id": "d826041e6", "title": "", "text": "| Years ended December 31 2010 2009 2008 | RSUs | Performance plans | Stock options | Employee stock purchase plans | Total stock-based compensation expense | Tax benefit | Stock-based compensation expense, net of tax |"}
{"_id": "d8bcd0868", "title": "", "text": "| For the year ended December 31, 2010 | Change attributed to | As adjusted | (in millions, except per share data) | Revenue | Fees and other revenues | Net investment income | Net realized capital gains, excluding impairment losses on available-for-sale securities | Expenses | Benefits, claims and settlement expenses | Operating expenses | Income before income taxes | Income taxes | Net income | Net income available to common stockholders | Earnings per common share | Basic earnings per common share | Diluted earnings per common share |"}
{"_id": "d88cf8cf8", "title": "", "text": "| December 31 2009 | Gross Carrying Amount | Contract and program intangible assets | Other intangible assets | Total intangible assets | December 31 | Gross Carrying Amount | Contract and program intangible assets | Other intangible assets | Total intangible assets |"}
{"_id": "d81ee42da", "title": "", "text": "| In millions 2012 2011 2010 | Sales | Operating Profit |"}
{"_id": "d89754544", "title": "", "text": "In assessing the need for a valuation allowance, we estimate future taxable earnings, with consideration for the feasibility of ongoing planning strategies and the realizability of tax benefit carry forwards and past operating results, to determine which deferred tax assets are more likely than not to be realized in the future.\nChanges to tax laws, statutory tax rates and future taxable earnings can have an impact on valuation allowances related to deferred tax assets.\nThe decrease in net deferred tax assets is attributable to the increase in our valuation allowance with respect to our deferred tax asset for the Settlement agreement, partially offset by additional accruals under the Settlement agreement and amortization of intangibles.\nBased upon anticipated future results, we have concluded that it is more likely than not that we will realize the $603 million balance of deferred tax assets at December 31, 2013, net of the valuation allowance of $240 million.\nIn addition to an $88 million valuation allowance with respect to our deferred tax asset for the Settlement agreement, the valuation allowance primarily relates to the uncertainty of utilizing the following deferred tax assets: $397 million of U. S.  federal and foreign net operating loss carryforwards, or $116 million on a taxeffected basis, $18 million of foreign and federal tax credits and investment allowances, $828 million of state net operating loss carry forwards, or $39 million on a tax-effected basis, and $23 million of state tax credits, or $15 million net of federal tax benefits.\nFor the year ended December 31, 2013, the valuation allowance increased by $40 million, due to an increase in our valuation allowance with respect to the deferred tax asset for the Settlement agreement, partially offset by a reduced valuation allowance related to the use of foreign tax credits and state net operating losses.\nFor the year ended December 31, 2012, the valuation allowance decreased by $19 million, due to the use of foreign tax credits in connection with the sale of Diversey Japan, offset by an increase with respect to foreign net operating losses and our allowance with respect to the Settlement agreement.\nFor the year ended December 31, 2011, the valuation allowance increased by $176 million primarily due to $162 million related to the acquisition of Diversey, $3 million that was charged to the income tax provision and $11 million resulting from a net increase to deferred tax assets with a 100% valuation allowance.\nAs of December 31, 2013, we have U. S.  federal and foreign net operating loss carryforwards totaling $397 million that expire during the following calendar years (in millions): 2014  $4; 2015  $7; 2016  $7; 2017  $12; 2018  $27; 2019  $6; 2020 and beyond  $169; and no expiration  $165.\nThe state net operating loss carryforwards totaling $828 million expire in various amounts over one to 20 years.\nAs of December 31, 2013, we have foreign and federal foreign tax credit carryforwards and investment allowances totaling $18 million that expire during the following calendar years (in millions): 2014  $1; 2015  $1; 2016  $0; 2017  $2; 2018  $0; 2019  $2; 2020 and beyond  $2; and no expiration  $10.\nThe state tax credit carryforwards, totaling $23 million, expire in various amounts over one to 20 years.\nNet deferred income taxes (credited) charged to stockholders equity were $(7) million in 2013, $(25) million in 2012 and $6 million in 2011.\nThe U. S.  federal statutory corporate tax rate reconciles to our effective income tax rate as follows:"}
{"_id": "d855e732c", "title": "", "text": "| 2012 2011 2010 | FSG | PSG | ISG | Corporate & Other | Total Consolidated Revenues |"}
{"_id": "d8671f392", "title": "", "text": "| Year Ended December 31 | ($ in millions) | Sales and service revenues | Segment operating income (loss) | As a percentage of segment sales |"}
{"_id": "d8e4936fc", "title": "", "text": "| Millions of kWhs Delivered Revenues in Millions | Twelve Months Ended | Description | Residential/Religious(a) | Commercial/Industrial | Retail access customers | NYPA, Municipal Agency and other sales | Other operating revenues | Total |"}
{"_id": "d8af97426", "title": "", "text": "(1) Long-term borrowings exclude the borrowings of consolidated CLOs.\nThe Company has no obligation to settle the liabilities of these CLOs.\n(2) The amount of contingent payments reflected for any year represents the expected payment amounts, using foreign currency exchange rates as of December 31, 2014, under the terms of the business acquisition’s agreement.\nThe remaining maximum potential payment amount related to Credit Suisse ETF Transaction is approximately $24 million for any year during the next six years.\nThere is no maximum amount for payments related to the MGPA Transaction.\nThe fair value of the contingent obligations is not significant to the consolidated statement of financial condition and is recorded within other liabilities.\n(3) At December 31, 2014, the Company had $334 million of net unrecognized tax benefits.\nDue to the uncertainty of timing and amounts that will ultimately be paid, this amount has been excluded from the table above."}
{"_id": "d80f0a8e6", "title": "", "text": "NOTE 18.\nENTERGY NEW ORLEANS BANKRUPTCY PROCEEDING As a result of the effects of Hurricane Katrina and the effect of extensive flooding that resulted from levee breaks in and around the New Orleans area, on September 23, 2005, Entergy New Orleans filed a voluntary petition in bankruptcy court seeking reorganization relief under Chapter 11 of the U. S.  Bankruptcy Code.\nOn May 7, 2007, the bankruptcy judge entered an order confirming Entergy New Orleans' plan of reorganization.\nWith the receipt of CDBG funds, and the agreement on insurance recovery with one of its excess insurers, Entergy New Orleans waived the conditions precedent in its plan of reorganization and the plan became effective on May 8, 2007.\nFollowing are significant terms in Entergy New Orleans' plan of reorganization:\nAs a result of the accounting for uncertain tax positions, the amount of the deferred tax assets reflected in the financial statements is less than the amount of the tax effect of the federal and state net operating loss carryovers, tax credit carryovers, and other tax attributes reflected on income tax returns.\nBecause it is more likely than not that the benefit from certain state net operating and capital loss carryovers will not be utilized, a valuation allowance of $66 million and $13 million has been provided on the deferred tax assets relating to these state net operating and capital loss carryovers, respectively.\nSignificant components of accumulated deferred income taxes and taxes accrued for the Registrant Subsidiaries as of December 31, 2011 and 2010 are as follows:"}
{"_id": "d8ef9083e", "title": "", "text": "| (In millions) 2008 2007 2006 | Net sales including intersegment sales | Less intersegment sales | Net sales | Operating income-1 | -1Includes restructuring and asset impairment charges for all years presented |"}
{"_id": "d8d34d88e", "title": "", "text": "| Year Ended December 31 | 2014 | (In thousands) | Revenues | Expenses | Income taxes (benefit) | Net income (loss) |"}
{"_id": "d8a0c9322", "title": "", "text": "| 2004 2005 | Deployment of cable modems, digital converters, and new service offerings | Upgrading of cable systems | Recurring capital projects | Total cable segment capital expenditures |"}
{"_id": "d8adf5fa0", "title": "", "text": "Retail Operations In 2014, NRG's retail businesses within NRG Home and NRG Business sold electricity to residential, commercial and industrial consumers at either fixed, indexed or variable prices.\nResidential and smaller commercial consumers typically contract for terms ranging from one month to two years while industrial contracts are often between one year and five years in length.\nIn 2014, NRG's retail businesses sold approximately 63 TWhs of electricity.\nIn any given year, the quantity of TWh sold can be affected by weather, economic conditions and competition.\nThe wholesale supply is typically purchased as the load is contracted from a combination of NRG's wholesale portfolio and other third parties.\nThe ability to choose supply from the market or the Company's portfolio allows for an optimal combination to support and stabilize retail margins."}
{"_id": "d873574a2", "title": "", "text": "| 2018 2017 2016 | Balance at January 1 | Additions for current year tax positions | Additions for tax positions of prior years | Reductions for tax positions of prior years | Settlements | Lapse of statute of limitations | Balance at December 31 |"}
{"_id": "d8bfb33fa", "title": "", "text": "(19) Segment Information Upon completion of the Certegy Merger, the Company implemented a new organizational structure, which resulted in a new operating segment structure beginning with the reporting of first quarter 2006 results.\nEffective as of February 1, 2006, the Companys operating segments are TPS and LPS.\nThis structure reflects how the businesses are operated and managed.\nThe primary components of the TPS segment, which includes Certegys Card and Check Services, the financial institution processing component of the former Financial Institution Software and Services segment of FIS and the operations acquired from eFunds, are Enterprise Solutions, Integrated Financial Solutions and International businesses.\nThe primary components of the LPS segment are Mortgage Information Services businesses, which includes the mortgage lender processing component of the former Financial Institution Software and Services segment of FIS, and the former Lender Services, Default Management, and Information Services segments of FIS."}
{"_id": "d8c3d3804", "title": "", "text": "| December 31, 2011 | Amortized cost | (in millions) | Finance — Banking | Finance — Brokerage | Finance — Finance Companies | Finance — Financial Other | Finance — Insurance | Finance — REITS | Industrial — Basic Industry | Industrial — Capital Goods | Industrial — Communications | Industrial — Consumer Cyclical | Industrial — Consumer Non-Cyclical | Industrial — Energy | Industrial — Other | Industrial — Technology | Industrial — Transportation | Utility — Electric | Utility — Natural Gas | Utility — Other | FDIC guaranteed | Government guaranteed | Total corporate securities | Residential mortgage-backed pass-through securities | Commercial mortgage-backed securities | Residential collateralized mortgage obligations | Asset-backed securities — Home equity -1 | Asset-backed securities — All other | Collateralized debt obligations — Credit | Collateralized debt obligations — CMBS | Collateralized debt obligations — Loans | Collateralized debt obligations — ABS | Total mortgage-backed and other asset-backed securities | U.S. government and agencies | States and political subdivisions | Non-U.S. governments | Total fixed maturities, available-for-sale |"}
{"_id": "d8cd2174e", "title": "", "text": "18.\nCommitments and Contingencies Asserted and Unasserted Claims  Various claims and lawsuits are pending against us and certain of our subsidiaries.\nWe cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations, financial condition, or liquidity.\nTo the extent possible, we have recorded a liability where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated.\nWe do not expect that any known lawsuits, claims, environmental costs, commitments, contingent liabilities, or guarantees will have a material adverse effect on our consolidated results of operations, financial condition, or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters.\nPersonal Injury  The cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year.\nWe use an actuarial analysis to measure the expense and liability, including unasserted claims.\nThe Federal Employers Liability Act (FELA) governs compensation for work-related accidents.\nUnder FELA, damages are assessed based on a finding of fault through litigation or out-of-court settlements.\nWe offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work.\nOur personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments.\nApproximately 94% of the recorded liability is related to asserted claims and approximately 6% is related to unasserted claims at December 31, 2016.\nBecause of the uncertainty surrounding the ultimate outcome of personal injury claims, it is reasonably possible that future costs to settle these claims may range from approximately $290 million to $317 million.\nWe record an accrual at the low end of the range as no amount of loss within the range is more probable than any other.\nEstimates can vary over time due to evolving trends in litigation."}
{"_id": "d89883442", "title": "", "text": "| For the Years Ended December 31, 2014, 2013 and 2012 | Business Banking | 2014 | Net interest income(a) | Noninterest income | 422,726 | Provision for credit losses | Amortization of core deposit and other intangible assets | Depreciation and other amortization | Other noninterest expense | Income (loss) before taxes | Income tax expense (benefit) | Net income (loss) | Average total assets (in millions) | Capital expenditures (in millions) |"}
{"_id": "d889fefb6", "title": "", "text": "Operating earnings in 2008 decreased by $1,880 million compared with 2007.\nCommercial Airplanes earnings decreased by $2,398 million compared with the same period in 2007, primarily due to fewer new airplane deliveries resulting from the strike, increased program infrastructure costs related to the strike and revised schedules on 787 and 747-8, and a charge taken on the 747-8 program.\nCommercial Airplanes’ research and development expense decreased by $124 million to $2,838 million compared with the same period in 2007, primarily due to lower spending on 787 partially offset by higher spending on 747-8 and lower supplier development cost sharing payments.\nIDS earnings decreased by $208 million compared with 2007 primarily due to lower earnings in the BMA segment resulting from a $248 million charge taken on the Airborne Early Warning and Control (AEW&C).\nBCC operating earnings decreased $72 million reflecting lower revenues and a provision for losses partially offset by lower interest expense.\nUnallocated items and eliminations in 2008 improved by $774 million compared with 2007, which is further explained in the table below."}
{"_id": "d898dd8e8", "title": "", "text": "(4) Excludes $12 million of unfunded commitments related to an investment in a limited partnership due to our inability to reasonably estimate the period(s) when the limited partnership will request funding."}
{"_id": "d86d03254", "title": "", "text": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS Union Pacific Corporation and Subsidiary Companies For purposes of this report, unless the context otherwise requires, all references herein to the Corporation, UPC, we, us, and our mean Union Pacific Corporation and its subsidiaries, including Union Pacific Railroad Company, which will be separately referred to herein as UPRR or the Railroad.1.\nNature of Operations and Significant Accounting Policies Operations and Segmentation  We are a Class I railroad that operates in the United States.\nWe have 32,012 route miles, linking Pacific Coast and Gulf Coast ports with the Midwest and eastern United States gateways and providing several corridors to key Mexican gateways.\nWe serve the western twothirds of the country and maintain coordinated schedules with other rail carriers for the handling of freight to and from the Atlantic Coast, the Pacific Coast, the Southeast, the Southwest, Canada, and Mexico.\nExport and import traffic is moved through Gulf Coast and Pacific Coast ports and across the Mexican and Canadian borders.\nThe Railroad, along with its subsidiaries and rail affiliates, is our one reportable operating segment.\nAlthough revenues are analyzed by commodity group, we analyze the net financial results of the Railroad as one segment due to the integrated nature of our rail network.\nThe following table provides revenue by commodity group:"}
{"_id": "d8a6e7038", "title": "", "text": "| 2012 $1,807,885 | 2013 | 2014 | 2015 | 2016 | Thereafter |"}
{"_id": "d882f9ee6", "title": "", "text": "| 2016 $2,266 | 2017 | 2018 | 2019 | 2020 | 2021 and thereafter | Total |"}
{"_id": "d8e09d34a", "title": "", "text": "| As of and for the Year Ended December 31, 2016(Millions of Dollars) Operatingrevenues Inter-segment revenues Depreciationandamortization Operatingincome Other Income (deductions) Interestcharges Incometaxes onoperatingincome (a) Totalassets Capitalexpenditures | CECONY | Electric | Gas | Steam | Consolidation adjustments | Total CECONY | O&R | Electric | Gas | Other | Total O&R | Clean Energy Businesses | Con Edison Transmission | Other (b) | Total Con Edison |"}
{"_id": "d85fde11e", "title": "", "text": "Competition All of our apartment communities are located in areas that include other apartment communities.\nOccupancy and rental rates are affected by the number of competitive apartment communities in a particular area.\nThe owners of competing apartment communities may have greater resources than us, and the managers of these apartment communities may have more experience than our management.\nMoreover, single-family rental housing, manufactured housing, condominiums and the new and existing home markets provide housing alternatives to potential residents of apartment communities.\nCompetition for new residents is generally intense across all of our markets.\nSome competing communities offer features that our communities do not have.\nCompeting communities can use concessions or lower rents to obtain temporary competitive advantages.\nAlso, some competing communities are larger or newer than our communities.\nThe competitive position of each community is different depending upon many factors including sub-market supply and demand.\nIn addition, other real estate investors compete with us to acquire existing properties and to develop new properties.\nThese competitors include insurance companies, pension and investment funds, public and private real estate companies, investment companies and other public and private apartment REITs, some of which may have greater resources, or lower capital costs, than we do."}
{"_id": "d8b3d7a5e", "title": "", "text": "| Year Ended December 31, | 2018 | Statement of Income Data (a): | Net Sales | Net Income | Net income per common share: | — basic | — diluted | Weighted average common shares outstanding: | — basic | — diluted | Cash dividends declared per common share | Balance Sheet Data (a): | Total assets | Total debt obligations | Stockholders' equity |"}
{"_id": "d86200672", "title": "", "text": "| Year Ended December 31, | 2014 | % of | $Revenues | ($ in thousands) | Expenses | Employee compensation and benefits | Depreciation and amortization | Technology and communications | Professional and consulting fees | Occupancy | Marketing and advertising | General and administrative | Total expenses |"}
{"_id": "d8d9f196a", "title": "", "text": "| In millions of dollars 2010 2009 2008 | Net interest revenue | Non-interest revenue | Total revenues, net of interest expense | Total operating expenses | Provisions for loan losses and for benefits and claims | (Loss) from continuing operations before taxes | Benefits for income taxes | (Loss) from continuing operations | Income (loss) from discontinued operations, net of taxes | Net income (loss) before attribution of noncontrolling interests | Net (loss) attributable to noncontrolling interests | Net income (loss) |"}
{"_id": "d8809fa9c", "title": "", "text": "| (In thousands) 2017 2016 2015 | Revenues | Cost of goods sold | Selling, general and administrative expenses | Impairment of goodwill and intangible assets | Interest income (expense), net | Other income (expense), net | Income (loss) from discontinued operations before income taxes | Loss on the sale of discontinued operations, before income taxes | Total income (loss) from discontinued operations before income taxes | Income tax (expense) benefit(a) | Income (loss) from discontinued operations, net of tax |"}
{"_id": "d82267aec", "title": "", "text": "| 2019 $124,176 | 2020 | 2021 | 2022 | 2023 | 2024 and thereafter | Total |"}
{"_id": "d89a255f2", "title": "", "text": "| Liability as of January 1, 2004 2004 Expense 2004 Cash Payments Liability as of December 31, 2004 2005 Expense 2005 Cash Payments Liability as of December 31, 2005 2006 Expense 2006 Cash Payments Liability as of December 31, 2006 | Employee separations | Lease terminations and other facility closing costs | Total |"}
{"_id": "d872efed8", "title": "", "text": "Critical Accounting Estimates Our audited Consolidated Financial Statements, which are included in this report, are prepared in accordance with GAAP.\nThe preparation of financial statements in conformity with GAAP requires us to establish accounting policies and make estimates that affect amounts reported in our audited Consolidated Financial Statements.\nAn accounting estimate requires assumptions and judgments about uncertain matters that could have a material effect on our audited Consolidated Financial Statements.\nEstimates are made using facts and circumstances known at a point in time.\nChanges in those facts and circumstances could produce results substantially different from those estimates.\nThe most significant accounting policies and estimates and their related application are discussed below.\nSee Note 1 Significant Accounting Policies to our audited Consolidated Financial Statements in Part II, Item 8  Financial Statements and Supplementary Data, included in this report, for further discussion of our significant accounting policies."}
{"_id": "d85eea596", "title": "", "text": "MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued) Our overall gross margin percentage decreased to 59.8% in 2013 from 62.1% in 2012.\nThe decrease in the gross margin percentage was primarily due to the gross margin percentage decrease in PCCG.\nWe derived most of our overall gross margin dollars in 2013 and 2012 from the sale of platforms in the PCCG and DCG operating segments.\nOur net revenue for 2012, which included 52 weeks, decreased by $658 million, or 1%, compared to 2011, which included 53 weeks.\nThe PCCG and DCG platform unit sales decreased 1% while average selling prices were unchanged.\nAdditionally, lower netbook platform unit sales and Multi-Comm average selling prices, primarily discrete modems, contributed to the decrease.\nThese decreases were partially offset by our McAfee operating segment, which we acquired in the Q1 2011.\nMcAfee contributed $469 million of additional revenue in 2012 compared to 2011.\nOur overall gross margin dollars for 2012 decreased by $606 million, or 2%, compared to 2011.\nThe decrease was due in large part to $494 million of excess capacity charges, as well as lower revenue from the PCCG and DCG platform.\nTo a lesser extent, approximately $390 million of higher unit costs on the PCCG and DCG platform as well as lower netbook and Multi-Comm revenue contributed to the decrease.\nThe decrease was partially offset by $643 million of lower factory start-up costs as we transition from our 22nm process technology to R&D of our next-generation 14nm process technology, as well as $422 million of charges recorded in 2011 to repair and replace materials and systems impacted by a design issue related to our Intel?6 Series Express Chipset family.\nThe decrease was also partially offset by the two additional months of results from our acquisition of McAfee, which occurred on February 28, 2011, contributing approximately $334 million of additional gross margin dollars in 2012 compared to 2011.\nThe amortization of acquisition-related intangibles resulted in a $557 million reduction to our overall gross margin dollars in 2012, compared to $482 million in 2011, primarily due to acquisitions completed in Q1 2011.\nOur overall gross margin percentage in 2012 was flat from 2011 as higher excess capacity charges and higher unit costs on the PCCG and DCG platform were offset by lower factory start-up costs and no impact in 2012 for a design issue related to our Intel 6 Series Express Chipset family.\nWe derived a substantial majority of our overall gross margin dollars in 2012 and 2011 from the sale of platforms in the PCCG and DCG operating segments.\nPC Client Group The revenue and operating income for the PCCG operating segment for each period were as follows:"}
{"_id": "d85e2076e", "title": "", "text": "FORWARD-LOOKING STATEMENTS Certain statements in this Annual Report are forward-looking in nature as defined in the Private Securities Litigation Reform Act of 1995.\nThese statements and other written and oral forward-looking statements made by the Company from time to time may relate to, among other things, such matters as planned and expected capacity increases and utilization; anticipated capital spending; expected depreciation and amortization; environmental matters; legal proceedings; exposure to, and effects of hedging of, raw material and energy costs and foreign currencies; global and regional economic, political, and business conditions; competition; growth opportunities; supply and demand, volume, price, cost, margin, and sales; earnings, cash flow, dividends, and other expected financial conditions; expectations, strategies, and plans for individual assets and products, businesses, segments, and divisions as well as for the whole of Eastman Chemical Company; cash requirements and uses of available cash; financing plans; pension expenses and funding; credit ratings; anticipated restructuring, divestiture, and consolidation activities; cost reduction and control efforts and targets; integration of acquired businesses; development, production, commercialization, and acceptance of new products, services and technologies and related costs; asset, business and product portfolio changes; and expected tax rates and net interest costs.\nThese plans and expectations are based upon certain underlying assumptions, including those mentioned with the specific statements.\nSuch assumptions are in turn based upon internal estimates and analyses of current market conditions and trends, management plans and strategies, economic conditions, and other factors.\nThese plans and expectations and the assumptions underlying them are necessarily subject to risks and uncertainties inherent in projecting future conditions and results.\nActual results could differ materially from expectations expressed in the forwardlooking statements if one or more of the underlying assumptions and expectations proves to be inaccurate or is unrealized.\nCertain important factors that could cause actual results to differ materially from those in the forward-looking statements are included with such forward-looking statements and on pages 62 through 63, Managements Discussion and Analysis of Financial Condition and Results of Operations  Forward-Looking Statements and Risk Factors.\n"}
{"_id": "d8809fb3c", "title": "", "text": "| Year Ended March 2019 Three MonthsEnded March(Transition Period) 2018 Year Ended December | (In thousands) | Balance, beginning of year | Accrual for products sold during the year | Repair or replacement costs incurred | Currency translation | Balance, end of year | Less current portion (Note 12) | Long-term portion | Year Ended March 2019 | (In thousands) | Service cost — benefits earned during the period | Interest cost on projected benefit obligations | Expected return on plan assets | Settlement charges | Curtailments | Amortization of deferred amounts: | Net deferred actuarial losses | Deferred prior service costs | Total pension expense | Weighted average actuarial assumptions used to determine pension expense: | Discount rate in effect for determining service cost | Discount rate in effect for determining interest cost | Expected long-term return on plan assets | Rate of compensation increase |"}
{"_id": "d8d569cd0", "title": "", "text": "| Contractual Obligations Total Less than 1 year 1-3 years 3-5 years More than 5 years Other Footnote Reference-4 | Debt Obligations-1 | Interest Payments on Long-Term Debt-2 | Capital Lease Obligations | Operating Lease Obligations | Electricity Obligations | Fuel Obligations | Other Purchase Obligations | Other Long-Term Liabilities Reflected on AES' Consolidated Balance Sheet under GAAP-3 | Total | 2016 | Current: | Federal | State | Foreign | Deferred: | Federal | State | Foreign | Income tax provision |"}
{"_id": "d815e5c7e", "title": "", "text": "| December 31, Average Balance Year Ended December 31, | (In millions) | Client deposits-1 |"}
{"_id": "d8e533da0", "title": "", "text": "| Fair Value Measurements Using Fair Value Measurements Using | Quoted Prices   In Active   Markets for   Identical Assets   (Level 1) | December 31, 2009 | Assets | Investments | U.S. government and agency securities | Corporate notes and bonds | Municipal securities | Mortgage-backed securities-1 | Commercial paper | Asset-backed securities-1 | Foreign government bonds | Equity securities | Other debt securities | 39.4 | Other assets | Securities held for employee compensation | Other assets-2 | 107.7 | Derivative assets-3 | Purchased currency options | Forward exchange contracts | Interest rate swaps | - | Total assets | Liabilities | Derivative liabilities-3 | Written currency options | Forward exchange contracts | Total liabilities |"}
{"_id": "d888b59ac", "title": "", "text": "| December 31, | 2007 | (in millions) | Fixed maturity securities, available-for-sale | Fixed maturity securities, trading | Equity securities, trading | Cash and other assets | Total assets pledged as collateral | Long-term debt |"}
{"_id": "d86e1fba6", "title": "", "text": "Bristol-Myers Squibb 10 In the U. S. , we generally determine our months on hand estimates using inventory levels of product on hand and the amount of outmovement provided by our three largest wholesalers, which account for approximately 95% of total gross sales of U. S.  products.\nFactors that may influence our estimates include generic competition, seasonality of products, wholesaler purchases in light of increases in wholesaler list prices, new product launches, new warehouse openings by wholesalers and new customer stockings by wholesalers.\nIn addition, these estimates are calculated using third-party data, which may be impacted by their recordkeeping processes.\nFor our businesses outside of the U. S. , we have significantly more direct customers.\nLimited information on direct customer product level inventory and corresponding out-movement information and the reliability of third-party demand information, where available, varies widely.\nWhen direct customer product level inventory, ultimate patient/consumer demand or out-movement data does not exist or is otherwise not available, we have developed a variety of other methodologies to estimate such data, including using such factors as historical sales made to direct customers and third-party market research data related to prescription trends and end-user demand.\nAccordingly, we rely on a variety of methods to estimate direct customer product level inventory and to calculate months on hand.\nFactors that may affect our estimates include generic competition, seasonality of products, direct customer purchases in light of price increases, new product launches, new warehouse openings by direct customers, new customer stockings by direct customers and expected direct customer purchases for governmental bidding situations.\nAs such, all of the information required to estimate months on hand in the direct customer distribution channel for non-U.\nS.  business for the year ended December 31, 2015 is not available prior to the filing of this annual report on Form 10-K.  We will disclose any product with levels of inventory in excess of one month on hand or expected demand, subject to a de minimis exception, in the next quarterly report on Form 10-Q."}
{"_id": "d8cccb9c0", "title": "", "text": "(1) The definition of nonperforming does not include consumer credit card and consumer non-real estate loans and leases.\nThese loans are charged off no later than the end of the month in which the account becomes 180 days past due.\n(2) Nonperforming held consumer loans and leases as a percentage of outstanding consumer loans and leases were 1.68 percent (1.81 percent excluding the SOP 03-3 portfolio) and 0.62 percent at December 31, 2008 and 2007.\n(3) Balances do not include loans accounted for in accordance with SOP 03-3 even though the customer may be contractually past due.\nLoans accounted for in accordance with SOP 03-3 were written down to fair value upon acquisition and accrete interest income over the remaining life of the loan.\n(4) Accruing held consumer loans and leases past due 90 days or more as a percentage of outstanding consumer loans and leases were 0.73 percent (0.79 percent excluding the SOP 03-3 portfolio) and 0.57 percent at December 31, 2008 and 2007.\n(5) Represents acquired loans from Countrywide that were considered impaired and written down to fair value at the acquisition date in accordance with SOP 03-3.\nThese amounts are included in the Outstandings column in this table.\n(6) Discontinued real estate includes pay option loans and subprime loans obtained in connection with the acquisition of Countrywide.\nThe Corporation no longer originates these products.\n(7) Outstandings include foreign consumer loans of $1.8 billion and $3.4 billion at December 31, 2008 and 2007.\n(8) Outstandings include consumer finance loans of $2.6 billion and $3.0 billion, and other foreign consumer loans of $618 million and $829 million at and December 31, 2008 and 2007.  n/a = not applicable"}
{"_id": "d8d33fb58", "title": "", "text": "Grand Gulf Lease Obligations In December 1988, in two separate but substantially identical transactions, System Energy sold and leased back undivided ownership interests in Grand Gulf for the aggregate sum of $500 million.\nThe interests represent approximately 11.5% of Grand Gulf.\nThe leases expire in 2015.\nUnder certain circumstances, System Entergy may repurchase the leased interests prior to the end of the term of the leases.\nAt the end of the lease terms, System Energy has the option to repurchase the leased interests in Grand Gulf at fair market value or to renew the leases for either fair market value or, under certain conditions, a fixed rate.\nIn May 2004, System Energy caused the Grand Gulf lessors to refinance the outstanding bonds that they had issued to finance the purchase of their undivided interest in Grand Gulf.\nThe refinancing is at a lower interest rate, and System Energy's lease payments have been reduced to reflect the lower interest costs.\nSystem Energy is required to report the sale-leaseback as a financing transaction in its financial statements.\nFor financial reporting purposes, System Energy expenses the interest portion of the lease obligation and the plant depreciation.\nHowever, operating revenues include the recovery of the lease payments because the transactions are accounted for as a sale and leaseback for ratemaking purposes.\nConsistent with a recommendation contained in a FERC audit report, System Energy initially recorded as a net regulatory asset the difference between the recovery of the lease payments and the amounts expensed for interest and depreciation and continues to record this difference as a regulatory asset or liability on an ongoing basis, resulting in a zero net balance for the regulatory asset at the end of the lease term.\nThe amount of this net regulatory asset was $19.2 million and $36.6 million as of December 31, 2008 and 2007, respectively."}
{"_id": "d8e69fea0", "title": "", "text": "| % Change | System Sales, Ex FX | KFC Division | Pizza Hut Division | Taco Bell Division | Worldwide |"}
{"_id": "d8ae49b5a", "title": "", "text": "Earnings from continuing operations for 2014 include a pretax gain of $211.4 million (net of $16.5 million of disposition related charges) referable to the sale of our cement and concrete businesses in the Florida area as described in Note 19 “Acquisitions and Divestitures” in Item 8 “Financial Statements and Supplementary Data.\n” We deferred income taxes on approximately $145.0 million of this gain through like-kind exchange transactions.2 Discontinued operations include the results from operations attributable to our former Chemicals business."}
{"_id": "d87a7e244", "title": "", "text": "For the year ended December 31, 2005, we realized net losses of $1 million on sales of available-for-sale securities.\nUnrealized gains of $1 million were included in other comprehensive income at December 31, 2004, net of deferred taxes of less than $1 million, related to these sales.\nFor the year ended December 31, 2004, we realized net gains of $26 million.\nUnrealized gains of $11 million were included in other comprehensive income at December 31, 2003, net of deferred taxes of $7 million, related to these sales.\nFor the year ended December 31, 2003, we realized net gains of $23 million.\nUnrealized gains of $22 million were included in other comprehensive income at December 31, 2002, net of deferred taxes of $15 million, related to these sales.\nShareholders Rights Plan: In 1988, we declared a dividend of one preferred share purchase right for each outstanding share of common stock.\nIn 1998, the Rights Agreement was amended and restated.\nAccordingly, a right may be exercised, under certain conditions, to purchase one eight-hundredths share of a series of participating preferred stock at an exercise price of $132.50, subject to adjustment.\nThe rights become exercisable if a party acquires or obtains the right to acquire 10% or more of our common stock or after commencement or public announcement of an offer for 10% or more of our common stock.\nWhen exercisable, under certain conditions, each right entitles the holder thereof to purchase shares of common stock, of either State Street or of the acquirer, having a market value of two times the then-current exercise price of that right.\nThe rights expire in September 2008, and may be redeemed at a price of $.00125 per right, subject to adjustment, at any time prior to expiration or the acquisition of 10% of our common stock.\nUnder certain circumstances, the rights may be redeemed after they become exercisable and may be subject to automatic redemption."}
{"_id": "d862150d6", "title": "", "text": "| (Dollars in millions) 2012 2011 2010 | Price risk on mortgage banking production income-1, 2 | Market-related risk on mortgage banking servicing income-1 | Credit risk on loans-3 | Interest rate and foreign currency risk on long-term debt and other foreign exchange transactions-4 | Price risk on restricted stock awards-5 | Other | Total |"}
{"_id": "d8c7f40b4", "title": "", "text": "| EIN / PensionPlan PensionProtection ActZone Status FIP/RP StatusPending/ (in millions)UPS Contributions Surcharge | Pension Fund | Alaska Teamster-Employer Pension Plan | Automotive Industries Pension Plan | Central Pennsylvania Teamsters Defined Benefit Plan | Employer-Teamsters Local Nos. 175 & 505 Pension Trust Fund | Hagerstown Motor Carriers and Teamsters Pension Fund | I.A.M. National Pension Fund / National Pension Plan | International Brotherhood of Teamsters Union Local No. 710 Pension Fund | Local 705, International Brotherhood of Teamsters Pension Plan | Local 804 I.B.T. & Local 447 I.A.M.—UPS Multiemployer Retirement Plan | Milwaukee Drivers Pension Trust Fund | New England Teamsters & Trucking Industry Pension Fund | New York State Teamsters Conference Pension and Retirement Fund | Teamster Pension Fund of Philadelphia and Vicinity | Teamsters Joint Council No. 83 of Virginia Pension Fund | Teamsters Local 639—Employers Pension Trust | Teamsters Negotiated Pension Plan | Truck Drivers and Helpers Local Union No. 355 Retirement Pension Plan | United Parcel Service, Inc.—Local 177, I.B.T. Multiemployer Retirement Plan | Western Conference of Teamsters Pension Plan | Western Pennsylvania Teamsters and Employers Pension Fund | All Other Multiemployer Pension Plans | Total Contributions |"}
{"_id": "d86b2f860", "title": "", "text": "CF INDUSTRIES HOLDINGS, INC.  127 19.\nStock-Based Compensation 2014 Equity and Incentive Plan On May 14, 2014, our shareholders approved the CF Industries Holdings, Inc.  2014 Equity and Incentive Plan (the Plan) which replaced the CF Industries Holdings, Inc.  2009 Equity and Incentive Plan.\nUnder the Plan, we may grant incentive stock options, nonqualified stock options, stock appreciation rights, restricted stock, restricted stock units, performance awards (payable in cash or stock) and other stock-based awards to our officers, employees, consultants and independent contractors (including non-employee directors).\nThe purpose of the Plan is to provide an incentive for our employees, officers, consultants and non-employee directors that is aligned with the interests of our stockholders.\nFive-for-One Stock Split On June 17, 2015, stockholders of record as of the close of business on June 1, 2015 (Record Date) received four additional shares of common stock for each share of common stock held on the Record Date in the form of a stock dividend (five-for-one stock split).\nShare and per share amounts have been retroactively restated to reflect the five-for-one stock split.\nShares reserved under the Company's equity and incentive plans were adjusted to reflect the five-for-one stock split.\nShare Reserve and Individual Award Limits The maximum number of shares reserved for the grant of awards under the Plan is the sum of (i) 13.9 million and (ii) the number of shares subject to outstanding awards under our predecessor plans to the extent such awards terminate or expire without delivery of shares.\nFor purposes of determining the number of shares of stock available for grant under the Plan, each option or stock appreciation right is counted against the reserve as one share.\nEach share of stock granted, other than an option or a stock appreciation right, is counted against the reserve as 1.61 shares.\nIf any outstanding award expires or is settled in cash, any unissued shares subject to the award are again available for grant under the Plan.\nShares tendered in payment of the exercise price of an option and shares withheld by the Company or otherwise received by the Company to satisfy tax withholding obligations are not available for future grant under the Plan.\nAs of December 31, 2015, we had 13.1 million shares available for future awards under the Plan.\nThe Plan provides that no more than 5.0 million underlying shares may be granted to a participant in any one calendar year.\nStock Options Under the Plan and our predecessor plans, we granted to plan participants nonqualified stock options to purchase shares of our common stock.\nThe exercise price of these options is equal to the market price of our common stock on the date of grant.\nThe contractual life of each option is ten years and generally one-third of the options vest on each of the first three anniversaries of the date of grant.\nThe fair value of each stock option award is estimated using the Black-Scholes option valuation model.\nKey assumptions used and resulting grant date fair values are shown in the following table."}
{"_id": "d8a616a3c", "title": "", "text": "Notes to consolidated financial statements 170 JPMorgan Chase & Co. /2016 Annual Report Determination of instrument-specific credit risk for items for which a fair value election was made The following describes how the gains and losses that are attributable to changes in instrument-specific credit risk, were determined.  ?\nLoans and lending-related commitments: For floatingrate instruments, all changes in value are attributed to instrument-specific credit risk.\nFor fixed-rate instruments, an allocation of the changes in value for the period is made between those changes in value that are interest rate-related and changes in value that are credit-related.\nAllocations are generally based on an analysis of borrower-specific credit spread and recovery information, where available, or benchmarking to similar entities or industries.  ?\nLong-term debt: Changes in value attributable to instrument-specific credit risk were derived principally from observable changes in the Firms credit spread.  ?\nResale and repurchase agreements, securities borrowed agreements and securities lending agreements: Generally, for these types of agreements, there is a requirement that collateral be maintained with a market value equal to or in excess of the principal amount loaned; as a result, there would be no adjustment or an immaterial adjustment for instrument-specific credit risk related to these agreements."}
{"_id": "d8caa04c0", "title": "", "text": "| 2018 2017 2016 | Year ended December 31, (in millions) | Unrealized gains/(losses) on investment securities: | Net unrealized gains/(losses) arising during the period | Reclassification adjustment for realized (gains)/losses included in net income(a) | Net change | Translation adjustments(b): | Translation | Hedges | Net change | Fair value hedges, net change(c): | Cash flow hedges: | Net unrealized gains/(losses) arising during the period | Reclassification adjustment for realized (gains)/losses included in net income(d) | Net change | Defined benefit pension and OPEB plans: | Prior service credit/(cost) arising during the period | Net gain/(loss) arising during the period | Reclassification adjustments included in net income(e): | Amortization of net loss | Amortization of prior service cost/(credit) | Curtailment (gain)/loss | Settlement (gain)/loss | Foreign exchange and other | Net change | DVA on fair value option elected liabilities, net change: | Total other comprehensive income/(loss) |"}
{"_id": "d89c3825e", "title": "", "text": "| Payments Due by Period | ($ in millions) | Deposits-1(2) | Securitized financings-3 | Bank term loan-4 | Senior unsecured notes-5 | Operating leases | Total contractual obligations-6(7) |"}
{"_id": "d873c182a", "title": "", "text": "(a) Reflects a $1,243 million increase in net plant and a $229 million increase in regulatory assets for deferred storm costs.\n(b) Reflects a $2,797 million decrease in regulatory assets for unrecognized pension and other postretirement costs offset by an increase of $1,405 million, $280 million, $215 million and $199 million in net plant, cash, regulatory assets for environmental remediation costs and regulatory assets for future income tax, respectively.\n(c) Reflects a $1,999 million increase in regulatory assets for unrecognized pension and other postretirement costs and a $1,440 million increase in net plant.\nSee Notes B, E and F to the financial statements in Item 8.\n(d) Reflects a $1,725 million increase in net plant and a $912 million decrease in regulatory assets for unrecognized pension and other postretirement costs.\nSee Notes B, E and F to the financial statements in Item 8.\n(e) Reflects $67 million, $62 million, $63 million and $76 million in 2011, 2012, 2013 and 2014, respectively, related to the adoption of ASU No.2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.\n” See Note C to the financial statements in Item 8.\n(f) Reflects $157 million, $193 million, $100 million and $118 million in 2011, 2012, 2013 and 2014, respectively, related to the adoption of ASU No.2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes.\n” See Note L to the financial statements in Item 8."}
{"_id": "d86c3bcfe", "title": "", "text": "| For the Years Ended December 31, | (Millions of Dollars) | Operating revenues | Gas purchased for resale | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Gas operating income |"}
{"_id": "d8692d9b8", "title": "", "text": "| 2009 2008 2007 | Year ended December 31, (in millions) | Unrealized gains/(losses) on AFS securities: | Net unrealized gains/(losses) arisingduring the period | Reclassification adjustment for realized(gains)/losses included in net income | Net change | Translation adjustments: | Translation | Hedges | Net change | Cash flow hedges: | Net unrealized gains/(losses) arisingduring the period | Reclassification adjustment for realized(gains)/lossesincluded in net income | Net change | Net loss and prior service cost/(credit) ofdefined benefit pension and OPEB plans: | Net gains/(losses) and prior servicecredits arising during the period | Reclassification adjustment for net lossand priorservice credits included in net income | Net change | Total Other comprehensive income/(loss) |"}
{"_id": "d8ec31706", "title": "", "text": "| U.S. $292 | EMEA | Inter-Continental | Japan | $563 |"}
{"_id": "d899ac38c", "title": "", "text": "| Year ended December 31,(in millions) 2015 2014 2013 | Legal expense | Federal Deposit Insurance Corporation-related (“FDIC”) expense | December 31, 2017 | (in millions) | Risk exposure | Interest rate | Credit | Foreign exchange | Equity | Commodity | Total structured notes |"}
{"_id": "d86389ee4", "title": "", "text": "| Exercisable Unexercisable Total | Shares% | In-the-money | Out-of-the-money | Total |"}
{"_id": "d8926f902", "title": "", "text": "In general, the Company’s business is not seasonal.\nFor information on U. S.  pharmaceuticals prescriber demand, reference is made to the table within Business Segments under the Pharmaceuticals section below, which sets forth a comparison of changes in net sales to the estimated total prescription growth (for both retail and mail order customers) for certain of the Company’s pharmaceutical products.\nThe Company operates in three reportable segments—Pharmaceuticals, Nutritionals and Other Health Care.\nIn May 2005, the Company completed the sale of OTN, which was previously presented as a separate segment.\nAs such, the results of operations for OTN are presented as part of the Company’s results from discontinued operations in accordance with Statement of Financial Standards (SFAS) No.144, “Accounting for the Impairment or Disposal of Long-Lived Assets.\n” Accordingly, OTN results of operations in prior periods have been reclassified to discontinued operations to conform with current year presentations.\nThe percent of the Company’s net sales by segment were as follows:"}
{"_id": "d8ea98444", "title": "", "text": "| (in millions) | Cash and cash equivalents | Accounts receivable | Inventories | Properties, plants and equipment | Goodwill | Income taxes receivable | Other assets | Accounts payable | Accrued liabilities | Long-term debt | Other long-term liabilities | Deferred income taxes | Net tangible and intangible assets acquired and liabilities assumed |"}
{"_id": "d8b3b7650", "title": "", "text": "| Year endedDecember 31, Increase (Decrease) | Project Costs | (In millions) | Rilonacept | Aflibercept | VEGF Trap-Eye | REGN88 | Other research programs & unallocated costs | Total research and development expenses |"}
{"_id": "d8d4983b0", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) During 2008, incurred claims and claims expense related to prior years was primarily composed of net decreases in auto reserves of $27 million offset by increases in homeowners reserves of $124 million due to catastrophe loss reestimates, and increases in other reserves of $55 million.\nThe $27 million favorable decreases in auto reserves and $55 million unfavorable increases in other reserves includes $45 million of IBNR losses reclassified from auto reserves to other reserves to be consistent with the recording of excess liability policy premiums and losses.\nIncurred claims and claims expense includes unfavorable catastrophe loss reestimates of $125 million, net of reinsurance and other recoveries, primarily attributable to increased claim loss and expense reserves for litigation filed in conjunction with a Louisiana deadline for filing suits related to Hurricane Katrina.\nDuring 2007, incurred claims and claims expense related to prior years was primarily composed of net decreases in auto reserves of $311 million due to claim severity development that was better than expected, offset by increases in homeowners reserves of $115 million due to catastrophe loss reestimates, and increases in environmental reserves of $63 million.\nIncurred claims and claims expense includes unfavorable catastrophe loss reestimates of $127 million, net of reinsurance and other recoveries, primarily attributable to increased claim loss and expense reserves for 2005 catastrophe events.\nDuring 2006, incurred claims and claims expense related to prior years was primarily composed of net decreases in auto reserves of $737 million due to claim severity development that was better than expected, and late reported loss development that was better than expected due to lower frequency trends in recent years, decreases in homeowners reserves of $244 million due to catastrophe loss reestimates, claim severity development and late reported loss development that were better than expected, and decreases in other reserves of $122 million due to catastrophe loss reestimates and commercial lines loss development that was better than expected, offset by increases in asbestos reserves of $86 million.\nClaims and claims expense during 2006 includes favorable catastrophe loss reestimates of $223 million, net of reinsurance and other recoveries, including a $63 million reduction in the Company’s accrual for an assessment from FL Citizens and $62 million due to recoupments of prior year assessments from FL Citizens and Louisiana Citizens Property Insurance Corporation (‘‘LA Citizens’’).\nManagement believes that the reserve for property-liability claims and claims expense, net of recoverables, is appropriately established in the aggregate and adequate to cover the ultimate net cost of reported and unreported claims arising from losses which had occurred by that date based on available facts, technology, laws and regulations.\nFor further discussion of assessments from FL Citizens and LA Citizens, and asbestos and environmental reserves, see Note 13.8.\nReserve for Life-Contingent Contract Benefits and Contractholder Funds At December 31, the reserve for life-contingent contract benefits consists of the following:"}
{"_id": "d8a813952", "title": "", "text": "| Average SeatingCapacity AverageAge(Years) Owned Leased Total | Airbus A319 | Airbus A320 | Airbus A321 | Airbus A330-200 | Airbus A330-300 | Boeing 737-800 | Boeing 737-8 MAX | Boeing 757-200 | Boeing 767-300ER | Boeing 777-200ER | Boeing 777-300ER | Boeing 787-8 | Boeing 787-9 | Embraer 190 | McDonnell Douglas MD-80 | Total |"}
{"_id": "d8b94b080", "title": "", "text": "| Capital Expenditures Depreciation and Amortization | (DOLLARS IN THOUSANDS) | Taste | Scent | Frutarom | Unallocated assets | Consolidated | 2016 | U.S.Plans | Actuarial assumptions used to determine benefit obligations as of December 31: | Discount rate | Rate of compensation increase | Actuarial assumptions used to determine net periodic pension cost for years ended December 31: | Discount rate (a) | Expected long-term rate of return on plan assets (b) | Rate of compensation increase | In millions | Expense/(Income): | Discount rate | Expected long-term rate of return on plan assets | Rate of compensation increase | December 31, 2008 | Problem, potential problem, and restructured | Carrying amount | (in millions) | Three months or less | Greater than three to six months | Greater than six to nine months | Greater than nine to twelve months | Greater than twelve months | Total fixed maturity securities, available-for-sale |"}
{"_id": "d8f62a05a", "title": "", "text": "GENERAL MOTORS COMPANY AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) Acquisition of Strasbourg On October 1, 2010 we acquired 100% of the outstanding equity interest of General Motors Strasbourg S. A.\nS (GMS) for cash of one Euro from MLC.\nGMS is an entity engaged in the business of developing and manufacturing automatic transmissions for luxury and performance light automotive vehicles which was previously owned by Old GM but retained by MLC in connection with the 363 Sale.\nMLC was unable to sell GMS and upon notification of their plan to liquidate GMS, we agreed to repurchase the business.\nWe believe the repurchase of GMS allows us to maintain good relationships and to help expand our business within the European region.\nWe recorded the fair value of the assets acquired and liabilities assumed as of October 1, 2010, the date we obtained control, and have included GMS’s results of operations and cash flows from that date forward.\nThe following table summarizes the amounts recorded in connection with the acquisition of GMS, which are included in our GME segment (dollars in millions):"}
{"_id": "d86dbb3cc", "title": "", "text": "| Twelve Months Ended | (Millions of Dollars) | Operating revenues | Gas purchased for resale | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Gas operating income | Thousands of Dt Delivered | Twelve Months Ended | Description | Residential | General | Firm transportation | Total firm sales and transportation | Interruptible sales(c) | NYPA | Generation plants | Other | Other operating revenues(d) | Total |"}
{"_id": "d8f5e022a", "title": "", "text": "| Pension Benefits Other Postretirement Benefits | As of December 31 (in millions) | Net actuarial loss | Prior service credit | Total pre-tax amounts included in AOCL |"}
{"_id": "d86b4c2da", "title": "", "text": "| For Years Ended December 31 | 2010 | (In millions, except per share data) | INCOME (LOSS) | Net income (loss) from continuing operations (GAAP) | Preferred dividends and accretion (GAAP) | Net income (loss) from continuing operations available to common shareholders (GAAP) | Net income (loss) from discontinued operations, net of tax (GAAP) | Net income (loss) available to common shareholders (GAAP) | Income (loss) from continuing operations available to common shareholders (GAAP) | Merger-related charges, pre-tax | Salaries and employee benefits | Net occupancy expense | Furniture and equipment expense | Other | Total merger-related charges, pre-tax | Merger-related charges, net of tax | Goodwill impairment | Regulatory charge | Income from continuing operations, excluding merger, goodwill impairment and regulatory charges (non-GAAP) | Weighted-average diluted shares | Earnings (loss) per common share—diluted (GAAP) | Earnings per common share from continuing operations, excluding merger, goodwill impairment and regulatory charges—diluted(non-GAAP) |"}
{"_id": "d8e39a23c", "title": "", "text": "Risks Related to Our Common Stock Our stock price is extremely volatile.\nThe trading price of our common stock has been extremely volatile and may continue to be volatile in the future.\nMany factors could have an impact on our stock price, including fluctuations in our or our competitors operating results, clinical trial results or adverse events associated with our products, product development by us or our competitors, changes in laws, including healthcare, tax or intellectual property laws, intellectual property developments, changes in reimbursement or drug pricing, the existence or outcome of litigation or government proceedings, including the SEC/DOJ investigation, failure to resolve, delays in resolving or other developments with respect to the issues raised in the Warning Letter, acquisitions or other strategic transactions, and the perceptions of our investors that we are not performing or meeting expectations.\nThe trading price of the common stock of many biopharmaceutical companies, including ours, has experienced extreme price and volume fluctuations, which have at times been unrelated to the operating performance of the companies whose stocks were affected.\nAnti-takeover provisions in our charter and bylaws and under Delaware law could make a third-party acquisition of us difficult and may frustrate any attempt to remove or replace our current management.\nOur corporate charter and by-law provisions may discourage certain types of transactions involving an actual or potential change of control that might be beneficial to us or our stockholders.\nOur bylaws provide that special meetings of our stockholders may be called only by the Chairman of the Board, the President, the Secretary, or a majority of the Board of Directors, or upon the written request of stockholders who together own of record 25% of the outstanding stock of all classes entitled to vote at such meeting.\nOur bylaws also specify that the authorized number of directors may be changed only by resolution of the board of directors.\nOur charter does not include a provision for cumulative voting for directors, which may have enabled a minority stockholder holding a sufficient percentage of a class of shares to elect one or more directors.\nUnder our charter, our board of directors has the authority, without further action by stockholders, to designate up to 5 shares of preferred stock in one or more series.\nThe rights of the holders of common stock will be subject to, and may be adversely affected by, the rights of the holders of any class or series of preferred stock that may be issued in the future.\nBecause we are a Delaware corporation, the anti-takeover provisions of Delaware law could make it more difficult for a third party to acquire control of us, even if the change in control would be beneficial to stockholders.\nWe are subject to the provisions of Section 203 of the Delaware General Laws, which prohibits a person who owns in excess of 15% of our outstanding voting stock from merging or combining with us for a period of three years after the date of the transaction in which the person acquired in excess of 15% of our outstanding voting stock, unless the merger or combination is approved in a prescribed manner."}
{"_id": "d8d83b5ee", "title": "", "text": "| In millions 2015 | Expense/(Income): | Discount rate | Expected long-term rate of return on plan assets | Rate of compensation increase |"}
{"_id": "d89337e02", "title": "", "text": "Recent Developments Discontinuance of American Living During the fourth quarter of Fiscal 2012, we decided with our wholesale partner J. C.  Penney Company, Inc.  (JCPenney) to discontinue the majority of the products sold under the American Living brand created for and exclusively sold to JCPenney, effective for the Fall 2012 wholesale selling season.\nAs a result of this decision, we recorded pretax restructuring charges of approximately $3 million primarily related to severance actions during Fiscal 2012.\nThe discontinuance of these American Living product lines is not expected to have a material impact on the Companys consolidated or segment results.\nAsia-Pacific Restructuring Plan In May 2011, we initiated a restructuring plan to reposition and upgrade our existing distribution network and merchandising operations in the AsiaPacific region, which includes mainland China, Macau, Hong Kong, Taiwan, Malaysia, Singapore, Japan and South Korea (the Asia-Pacific Restructuring Plan).\nThis plan includes a reduction in workforce and the closure of certain retail stores and concession shops that do not support the new merchandising strategy.\nActions related to the Asia-Pacific Restructuring Plan resulted in pretax charges of approximately $6 million in Fiscal 2012.\nAssumption of Bedding and Bath Operations In May 2011, the license for our Lauren by Ralph Lauren bedding and bath products previously held by WestPoint Home, Inc.  expired in accordance with the underlying agreement and we assumed control over this wholesale business.\nNo significant payment or other consideration was provided related to this license expiration.\nWestPoint Home, Inc.  will remain the exclusive licensee for our Lauren basic bedding program, which includes utility and blanket products.\nSouth Korea Licensed Operations Acquisition On January 1, 2011, in connection with the transition of the Ralph Lauren-branded apparel and accessories business in South Korea (the Ralph Lauren South Korea business) from a licensed to a wholly owned operation, 4"}
{"_id": "d8b477d56", "title": "", "text": "| Fiscal Year Fourth Quarter Third Quarter Second Quarter First Quarter | FISCAL YEAR 2011: | Dividends paid per share | Stock price range: | High | Low | FISCAL YEAR 2010: | Dividends paid per share | Stock price range: | High | Low | Year Ended April 30, 2011 | Total revenues | Cost of revenues | Selling, general and administrative | Total expenses | Operating income (loss) | Other income, net | Income (loss) from continuing operations before taxes (benefit) | Income taxes (benefit) | Net income (loss) from continuing operations | Net loss from discontinued operations | Net income (loss) | Year Ended April 30, 2010 | Total revenues | Cost of revenues | Selling, general and administrative | Total expenses | Operating income (loss) | Other income, net | Income (loss) from continuing operations before taxes (benefit) | Income taxes (benefit) | Net income (loss) from continuing operations | Net loss from discontinued operations | Net income (loss) |"}
{"_id": "d88c78e36", "title": "", "text": "| Percentage of Plans Assets at December 31, Long-term Target Allocation | Asset Category | Equity securities | Debt securities, including cash | Real estate | Other | 100% |"}
{"_id": "d86edfc4e", "title": "", "text": "| Year Gallons Consumed(in millions) Average CostPer Gallon Total Cost(in millions) Percent of Total Operating Expenses | 2011 | 2012 | 2013 |"}
{"_id": "d866e51ba", "title": "", "text": "| Years Ended March 31, | (In millions, except per share amounts) | Net income (loss), as reported | Compensation expense, net of tax: | APB Opinion No. 25 expense included in net income | SFAS No. 123 expense | Pro forma net income (loss) | Earnings (loss) per common share: | Diluted — as reported | Diluted — pro forma | Basic — as reported | Basic — pro forma |"}
{"_id": "d81d4e1aa", "title": "", "text": "Principal Financial Group, Inc.  Notes to Consolidated Financial Statements — (continued) 12.\nEmployee and Agent Benefits — (continued) Estimated Future Benefit Payments The estimated future benefit payments, which reflect expected future service, and the expected amount of tax-free subsidy receipts under Medicare Part D are:"}
{"_id": "d862c3e24", "title": "", "text": "| Key Performance IndicatorsTwelve Months EndedDecember 31, | 2018 | (In millions, except per share data) | Operating revenue | Operating revenue change | Operating income | Operating margin | Net income attributable to Equifax | Diluted earnings per share | Cash provided by operating activities | Capital expenditures* |"}
{"_id": "d891db18a", "title": "", "text": "| Site Location Start Court or Agency Estimated Liability(a) % of Total(a) | Maxey Flats Nuclear | Curcio Scrap Metal | Metal Bank of America | Cortese Landfill | Global Landfill | PCB Treatment, Inc. | Borne Chemical | Site | Maxey Flats Nuclear | Curcio Scrap Metal | Metal Bank of America | Cortese Landfill | Global Landfill | Borne Chemical |"}
{"_id": "d8b66f44c", "title": "", "text": "| General and administrative expenses - 2011 $43.1 | Reduction to overall pool of overhead costs -1 | Increased absorption of costs by wholly-owned development and leasing activities -2 | Reduced allocation of costs to Service Operations and Rental Operations -3 | General and administrative expenses - 2012 |"}
{"_id": "d8973c304", "title": "", "text": "| Payments Due During the Year Ending December 31, Debt Operating Leases Purchase Obligations Total | 2011 | 2012 | 2013 | 2014 | 2015 | Thereafter | $2,000,499 |"}
{"_id": "d86a506a6", "title": "", "text": "| 2009 | Amortized Cost | (in millions) | Fixed maturities, held to maturity | Foreign government bonds | Corporate securities | Asset-backed securities-1 | Commercial mortgage-backed securities | Residential mortgage-backed securities-2 | Total fixed maturities, held to maturity |"}
{"_id": "d833929f2", "title": "", "text": "| Useful Life in Years | Computer and other equipment | Buildings | Furniture and fixtures | Leasehold improvements (average) |"}
{"_id": "d8f016664", "title": "", "text": "| MSA Rank Deposits(in millions) Market Share | Columbus, OH | Cleveland, OH | Detroit, MI | Akron, OH | Indianapolis, IN | Cincinnati, OH | Pittsburgh, PA | Toledo, OH | Grand Rapids, MI | Chicago, IL | Source: FDIC.gov, based on June 30, 2018 survey. |"}
{"_id": "d870402f0", "title": "", "text": "NOTE 22.  BUSINESS SEGMENT INFORMATION Each of Regions’ reportable segments is a strategic business unit that serves specific needs of Regions’ customers based on the products and services provided.\nThe segments are based on the manner in which management views the financial performance of the business.\nThe Company has three reportable segments: Business Services, Consumer Services and Wealth Management, with the remainder split between Discontinued Operations and Other.\nDuring the third quarter of 2012, Regions reorganized its internal management structure and, accordingly, its segment reporting structure.\nHistorically, Regions’ primary business segment was Banking/ Treasury, representing the Company’s banking network (including the Consumer & Commercial Banking function along with the Treasury function).\nOther segments included Investment Banking/Brokerage/Trust and Insurance.\nDuring the second quarter of 2012, Regions consummated the sale of Morgan Keegan (the primary component of Investment Banking/Brokerage/Trust).\nShortly thereafter, Regions announced organizational changes to better integrate and execute the Company’s strategic priorities across all lines of business and geographies.\nAs a result, Regions revised its reportable segments as described below.\nPrior periods’ information has been restated to conform to the current periods’ presentation.\nThe Business Services segment represents the Company’s commercial banking functions including commercial and industrial, commercial real estate and investor real estate lending.\nThis segment also includes equipment lease financing.\nBusiness Services customers include corporate, middle market, small business and commercial real estate developers and investors.\nCorresponding deposit products related to these types of customers are included in this segment."}
{"_id": "d8e373f4c", "title": "", "text": "| Year ended December 31, 2013 | $ in millions | Total operating revenues | Total operating expenses | Operating income | Equity in earnings of unconsolidated affiliates | Interest and dividend income | Other gains and losses, net | Interest and dividend income of CIP | Interest expense of CIP | Other gains/ (losses) of CIP, net | Income from continuing operations, net of income taxes | Income tax provision | Income from continuing operations, net of income taxes | Income from discontinued operations, net of income taxes | Net income | Net (income)/loss attributable to noncontrolling interests in consolidated entities | Net income attributable to Invesco Ltd. |"}
{"_id": "d8a04618e", "title": "", "text": "| Project Name(a) Generating Capacity Owned 9 Power Purchase Agreement Term in Years n/a(b) Year of Initial Investment 2010 Location New Jersey Maximum Exposure to Loss (In Millions)(c) $26 | Mesquite Solar 1 | Copper Mountain Solar 2 | Copper Mountain Solar 3 | California Solar | Texas Solar 4 | Broken Bow II |"}
{"_id": "d813ebd24", "title": "", "text": "| December 31 2008 2007 | Total assets | Total liabilities | Non-controlling interest | Stockholders’ equity | Total liabilities, non-controlling interest and stockholders’ equity | Year ended December 31 | Total revenue | Total expenses | Operating income | Non-operating income (expense) | Income before income taxes and non-controlling interest | Income taxes | Non-controlling interest | Net income |"}
{"_id": "d8bcf645a", "title": "", "text": "| Year Ended December 31, | 2018 | Americas | Europe, Middle East and Africa | Asia-Pacific | Total revenue | Year Ended December 31, | 2018 | $ | Operating expenses: | Research and development | Sales and marketing | General and administrative | Legal settlement | Total operating expenses |"}
{"_id": "d8978900a", "title": "", "text": "| Year -1 Interest component of dual currency investments Cross-currency coupon swap element of synthetic dual currency investments  (in billions) Total Yen-denominated earnings subject to these investments Weighted average exchange rate per U.S. Dollar  (Yen per $) | 2010 | 2011 | 2012 | 2013-2034 | Total |"}
{"_id": "d876af672", "title": "", "text": "| Year ended December 31 (in millions) 2015 2014 2013 % Change 2014 to 2015 % Change 2013 to 2014 | Revenue | Operating costs and expenses | Operating income before depreciation and amortization |"}
{"_id": "d8b10a3da", "title": "", "text": "Notes to Consolidated Financial Statements EASTMAN CHEMICAL COMPANY AND SUBSIDIARIES Guarantees In November 2002, the FASB issued Interpretation No.45 (\nFIN 45\n), \nGuarantor’s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others\n, an interpretation of FASB Statements No.5, 57, and 107 and Rescission of FASB Interpretation No.34.\nFIN 45 clarifies the requirements of SFAS No.5, \nAccounting for Contingencies\n, relating to the guarantor’s accounting for, and disclosure of, the issuance of certain types of guarantees.\nDisclosures about each group of similar guarantees are provided below and summarized in the following table:"}
{"_id": "d892ba196", "title": "", "text": "| Year Ended December 31, Change | (dollars in millions) | Revenues | Costs of revenue, exclusive of depreciationand amortization | Selling, general and administrative expenses | Segment profit |"}
{"_id": "d8828404c", "title": "", "text": "| December 31, 2010 December 31, 2009 | Amortized Cost-1 | (in millions) | Less than three months | Three months or greater but less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Greater than twelve months | Total |"}
{"_id": "d81333094", "title": "", "text": "| 2008 2007 | Conversions | 1.5% Series A debentures | 2.125% Series B debentures | $448 | Expected Maturity Dates | 2009 | Fixed rate debt | 5.25% Guaranteed Bonds (Euro denominated) | 2.125% Series B Convertible Debentures | 5.14% Guaranteed Notes (Canadian dollar denominated) | 5.875% Guaranteed Bonds (Euro denominated) | 6.5% Notes | Total fixed rate debt | Variable rate debt | Total |"}
{"_id": "d87d2d972", "title": "", "text": "| December 31, | 2008 | (in millions) | Assets: | U.S. Asset Accumulation | Global Asset Management | International Asset Management and Accumulation | Life and Health Insurance | Corporate | Total consolidated assets | For the year ended December 31, | Long-Term Performance Plan | Expected volatility | Expected term (in years) | Risk-free interest rate | Dividend yield |"}
{"_id": "d8de7ee06", "title": "", "text": "| Accounts receivable $96 | Inventory | Property, plant, and equipment - net | Purchased intangible assets | Purchased goodwill | Other assets | Deferred tax liability | Accounts payable and other current liabilities | Interest bearing debt | Other long-term liabilities | Net assets acquired | Supplemental information: | Cash paid | Less: Cash acquired | Cash paid, net of cash acquired |"}
{"_id": "d8afd3b74", "title": "", "text": "| Asset Category Level 1 Level 2 Level 3 Total | Short-term investments: | Fixed Income Securities: | Corporate | RMBS | U.S. Treasuries | Foreign government | CMBS | Other fixed income [1] | Mortgage Loans | Equity Securities: | Large-cap domestic | Mid-cap domestic | International | Total pension plan assets at fair value, in the fair value hierarchy [2] | Other Investments, at net asset value [3]: | Private Market Alternatives | Hedge funds | Total pension plan assets at fair value. |"}
{"_id": "d8577758e", "title": "", "text": "| Rental  Income Sublease  Income Gross  Rental  Payments | (In millions) | 2012 | 2013 | 2014 | 2015 | 2016 | Thereafter |"}
{"_id": "d8a994b0a", "title": "", "text": "| Net Charge-offs Net Charge-off Ratios-1 | (Dollars in millions) | U.S. commercial-2 | Commercial real estate | Commercial lease financing | Non-U.S.commercial | 3,066 | U.S. small business commercial | Total commercial |"}
{"_id": "d8cca9d98", "title": "", "text": "| Cash consideration paid to ACTIVE Network stockholders $599,497 | Fair value of Global Payments common stock issued to ACTIVE Network stockholders | Total purchase consideration | (In thousands) | Cash and cash equivalents | Investment income receivables, net | Mutual funds: | Equity securities-1 | Equity securities – international-2 | Fixed income securities-3 | Total | (In thousands) | Fiscal 2011 | Fiscal 2012 | Fiscal 2013 | Fiscal 2014 | Fiscal 2015 | Fiscal 2016 to 2020 | Years Ended February 28 or 29 | (In thousands) | 2010 | Service cost | Interest cost | Expected returnon plan assets | Amortization ofprior service cost | Recognizedactuarial(gain) loss | Pension (benefit)expense | Curtailment (gain)loss | Net pension(benefit) expense |"}
{"_id": "d810cc76a", "title": "", "text": "| Amount (In Thousands) | 2018 | 2019 | 2020 | 2021 | 2022 | Years thereafter | Total | Less: Amount representing interest | Present value of net minimum lease payments |"}
{"_id": "d860819cc", "title": "", "text": "(1) Represents the total long-term debt included in the liabilities of consolidated VIEs on the Consolidated Balance Sheet.\nTrust Preferred and Hybrid Securities Trust preferred securities (Trust Securities) are primarily issued by trust companies (the Trusts) that are not consolidated.\nThese Trust Securities are mandatorily redeemable preferred security obligations of the Trusts.\nThe sole assets of the Trusts generally are junior subordinated deferrable interest notes of the Corporation or its subsidiaries (the Notes).\nThe Trusts generally are 100 percent-owned finance subsidiaries of the Corporation.\nObligations associated with the Notes are included in the longterm debt table on page 168.\nCertain of the Trust Securities were issued at a discount and may be redeemed prior to maturity at the option of the Corporation.\nThe Trusts generally have invested the proceeds of such Trust Securities in the Notes.\nEach issue of the Notes has an interest rate equal to the corresponding Trust Securities distribution rate.\nThe Corporation has the right to defer payment of interest on the Notes at any time or from time to time for a period not exceeding five years provided that no extension period may extend beyond the stated maturity of the relevant Notes.\nDuring any such extension period, distributions on the Trust Securities will also be deferred, and the Corporations ability to pay dividends on its common and preferred stock will be restricted.\nThe Trust Securities generally are subject to mandatory redemption upon repayment of the related Notes at their stated maturity dates or their earlier redemption at a redemption price equal to their liquidation amount plus accrued distributions to the date fixed for redemption and the premium, if any, paid by the Corporation upon concurrent repayment of the related Notes.\nPeriodic cash payments and payments upon liquidation or redemption with respect to Trust Securities are guaranteed by the Corporation or its subsidiaries to the extent of funds held by the Trusts (the Preferred Securities Guarantee).\nThe Preferred Securities Guarantee, when taken together with the Corporations other obligations including its obligations under the Notes, generally will constitute a full and unconditional guarantee, on a subordinated basis, by the Corporation of payments due on the Trust Securities."}
{"_id": "d89cc909c", "title": "", "text": "| Assets and liabilities measured at fair value | (Dollar amounts in millions) | Assets: | Investments: | Available-for-sale | Held-to-maturity | Trading | Other investments: | Consolidated sponsored investment funds | Equity method | Deferred compensation plan hedge fund equity method investments | Carried interest | Cost method investments | Total investments | Separate account assets | Collateral held under securities lending agreements | Other assets-2 | Total | Liabilities: | Collateral liability under securities lending agreements |"}
{"_id": "d8e95ddfe", "title": "", "text": "| 2017 2016 | Quarter | First | Second | Third | Fourth (Separation occurred on November 1, 2016) | Year |"}
{"_id": "d8b5524f6", "title": "", "text": "| (Thousands of Barrels per Day) 2006 2005 2004 | Gasoline | Distillates | Propane | Feedstocks and Special Products | Heavy Fuel Oil | Asphalt | TOTAL(a) | Average sales price ($ per barrel) |"}
{"_id": "d8f529c50", "title": "", "text": "| Amount (In Millions) | 2015 net revenue | Retail electric price | Transmission equalization | Volume/weather | Louisiana Act 55 financing savings obligation | Other | 2016 net revenue |"}
{"_id": "d87549382", "title": "", "text": "| International Visa Inc. | 12 months endedJune 30,2017 vs 2016-1 | Nominal | Payments volume growth | Consumer credit | Consumer debit-3 | Commercial-4 | Total payments volume growth-5 | Cash volume growth | Total volume growth-5 |"}
{"_id": "d8ee3f200", "title": "", "text": "| Receivables, net $807 | Inventories, net | Other current assets | Property, plant and equipment, net | Goodwill | Intangible assets | Other noncurrent assets | Total assets of the disposal group | Accounts payable | Customer advances and amounts in excess of costs incurred | Salaries, benefits and payroll taxes | Other current liabilities | Deferred income taxes | Other noncurrent liabilities | Total liabilities of the disposal group |"}
{"_id": "d8c313220", "title": "", "text": "| 2011 2010 2009 2008 | $63,191 |"}
{"_id": "d8e92af26", "title": "", "text": "The fair value of restricted stock awards vested during the years ended December 31, 2010, 2009 and 2008 was $42 million, $27 million and $59 million, respectively."}
{"_id": "d89bd489e", "title": "", "text": "NONINTEREST INCOME Summary Noninterest income was $7.1 billion for 2009 and $2.4 billion for 2008.\nNoninterest income for 2009 included the following: ?\nThe gain on BlackRock/BGI transaction of $1.076 billion, ?\nNet credit-related other-than-temporary impairments (OTTI) on debt and equity securities of $577 million, ?\nNet gains on sales of securities of $550 million, ?\nGains on hedging of residential mortgage servicing rights of $355 million, ?\nValuation and sale income related to our commercial mortgage loans held for sale, net of hedges, of $107 million, ?\nGains of $103 million related to our BlackRock LTIP shares adjustment in the first quarter, and net losses on private equity and alternative investments of $93 million.\nNoninterest income for 2008 included the following: ?\nNet OTTI on debt and equity securities of $312 million, ?\nGains of $246 million related to our BlackRock LTIP shares adjustment, ?\nValuation and sale losses related to our commercial mortgage loans held for sale, net of hedges, of $197 million, ?\nImpairment and other losses related to private equity and alternative investments of $180 million, ?\nIncome from Hilliard Lyons totaling $164 million, including the first quarter gain of $114 million from the sale of this business, ?\nNet gains on sales of securities of $106 million, and ?\nA gain of $95 million related to the redemption of a portion of our Visa Class B common shares related to Visas March 2008 initial public offering.\nAdditional analysis Asset management revenue increased $172 million to $858 million in 2009, compared with $686 million in 2008.\nThis increase reflected improving equity markets, new business generation and a shift in assets into higher yielding equity investments during the second half of 2009.\nAssets managed totaled $103 billion at both December 31, 2009 and 2008, including the impact of National City.\nThe Asset Management Group section of the Business Segments Review section of this Item 7 includes further discussion of assets under management.\nConsumer services fees totaled $1.290 billion in 2009 compared with $623 million in 2008.\nService charges on deposits totaled $950 million for 2009 and $372 million for 2008.\nBoth increases were primarily driven by the impact of the National City acquisition.\nReduced consumer spending,\nbenefit of $46 million of gross interest and penalties, decreasing income tax expense.\nThe total accrued interest and penalties at December 31, 2014 was $41 million.\nAt December 31, 2015, the total accrued interest and penalties was not significant.\nDuring 2015, we recognized $202 million of amortization, $224 million of tax credits and $74 million of other tax benefits associated with qualified investments in low income housing tax credits within Income taxes."}
{"_id": "d8aed1b04", "title": "", "text": "| December 31, 2014 December 31, 2013 December 31, 2012 | $ in millions | Total operating revenues | Total operating expenses | Operating income | Equity in earnings of unconsolidated affiliates | Interest and dividend income | Interest expense | Other gains and losses, net | Other income/(expense) of CSIP, net | Interest and dividend income of CIP | Interest expense of CIP | Other gains/(losses) of CIP, net | Income from continuing operations before taxes | Income tax provision | Income from continuing operations, net of taxes | Income from discontinued operations, net of taxes | Net income | (Gains)/losses attributable to noncontrolling interests in consolidated entities, net | Net income attributable to common shareholders | (Millions) | Due in one year or less | Due after one year through three years | Due after three years through five years | Due after five years | Total marketable securities |"}
{"_id": "d81521180", "title": "", "text": "| December 31, | (Dollars in thousands) | Commercial loans: | Software and internet -1 | Hardware -1 | Private equity/venture capital | Life science & healthcare -1 | Premium wine | Other -1 | Total commercial loans | Real estate secured loans: | Premium wine -2 | Consumer loans -3 | Other | Total real estate secured loans | Construction loans -4 | Consumer loans | Total loans, net of unearned income -5(6) |"}
{"_id": "d8e5fd6e6", "title": "", "text": "Selected Financial Data The table below summarizes our selected historical financial information for each of the last five years.\nThe summary of operations data for the years ended December 31, 2016, 2015, 2014, and the balance sheet data as of December 31, 2016 and 2015, have been derived from our audited Consolidated Financial Statements included in this report.\nThe summary of operations data for the years ended December 31, 2013 and 2012, and the balance sheet data as of December 31, 2014, 2013 and 2012, have been derived from our audited Consolidated Financial Statements not included in this report.\nThe historical selected financial information may not be indicative of our future performance and should be read in conjunction with the information contained in Managements Discussion and Analysis of Financial Condition and Results of Operations, and the Consolidated Financial Statements and the accompanying Notes to the Consolidated Financial Statements in this report."}
{"_id": "d88f8778a", "title": "", "text": "Earnings Per Share. ?\n?Our basic earnings per share, or EPS, is calculated as net income divided by the weightedaverage number of common shares outstanding during the reporting period.\nDiluted EPS is calculated to reflect the potential dilution that would occur if stock options or other contracts to issue common stock were exercised and resulted in additional common shares outstanding.\nThe net income amounts used in both our basic and diluted EPS calculations are the same.\nA reconciliation of the weighted-average outstanding shares used in the two calculations is as follows:"}
{"_id": "d8b71016c", "title": "", "text": "Notes to Consolidated Financial Statements – (continued) (Amounts in Millions, Except Per Share Amounts) Stock-based compensation awards expected to be settled in cash have been classified as liabilities in our Consolidated Balance Sheets as of December 31, 2015 and 2014"}
{"_id": "d8a2a83c8", "title": "", "text": "| December 31 - dollars in millions 2011 (a) 2010 (a) 2009 (a) 2008 (a) 2007 | Nonperforming loans | Commercial | Commercial real estate | Equipment lease financing | TOTAL COMMERCIAL LENDING | Consumer (b) | Home equity | Residential real estate (c) | Credit card (d) | Other consumer | TOTAL CONSUMER LENDING | Total nonperforming loans (e) | OREO and foreclosed assets | Other real estate owned (OREO) (f) | Foreclosed and other assets | TOTAL OREO AND FORECLOSED ASSETS | Total nonperforming assets | Nonperforming loans to total loans | Nonperforming assets to total loans, OREO and foreclosed assets | Nonperforming assets to total assets | Interest on nonperforming loans | Computed on original terms | Recognized prior to nonperforming status | Past due loans | Accruing loans past due 90 days or more (g) | As a percentage of total loans | Past due loans held for sale | Accruing loans held for sale past due 90 days or more (h) | As a percentage of total loans held for sale |"}
{"_id": "d8d96030c", "title": "", "text": "| 2016 2015 | Television programming | Released, less amortization | In production | Pre-production | Theatrical programming | In production | Total program production costs |"}
{"_id": "d8b308e20", "title": "", "text": "ITEM 5.\nMARKET FOR THE REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Information on the market for our common stock, number of shareowners and dividends is located in Note 15 within Notes to Consolidated Financial Statements.\nIn December 2012, our board of directors approved a share repurchase program authorizing us to repurchase shares of our common stock amounting to $300 million during 2013.\nOn April 26, 2013, the board of directors approved an authorization to repurchase up to $1 billion in shares through April 2014.\nIn February 2014, the board of directors approved a new authorization to repurchase up to $1.5 billion in shares through December 2015.\nThis authorization supersedes the April 2013 authorization and is intended to allow us to repurchase shares for general corporate purposes and to offset issuances for employee benefit programs.\nDuring 2013, the Company repurchased approximately 9 million shares for a total of $544 million.\nThe following table provides information with respect to purchases of common shares under programs authorized by our board of directors during the quarter ended December 28, 2013."}
{"_id": "d89b31a36", "title": "", "text": "| December 31,2011 December 31,2012 December 31,2013 December 31,2014 December 31,2015 December 31,2016 | DISCA | DISCB | DISCK | S&P 500 | Peer Group |"}
{"_id": "d8cb39e90", "title": "", "text": "IRON MOUNTAIN INCORPORATED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) DECEMBER 31, 2013 (In thousands, except share and per share data) 2.\nSummary of Significant Accounting Policies (Continued) Flows.\nThis requirement reduces reported operating cash flows and increases reported financing cash flows.\nAs a result, net financing cash flows from continuing operations included $919, $1,045 and $2,389 for the years ended December 31, 2011, 2012 and 2013, respectively, from the benefits of tax deductions in excess of recognized compensation cost.\nThe tax benefit of any resulting excess tax deduction increases the Additional Paid-in Capital (\n‘‘APIC’’) pool.\nAny resulting tax deficiency is deducted from the APIC pool.\nStock Options Under our various stock option plans, options were granted with exercise prices equal to the market price of the stock on the date of grant.\nThe majority of our options become exercisable ratably over a period of five years from the date of grant and generally have a contractual life of ten years from the date of grant, unless the holder’s employment is terminated sooner.\nCertain of the options we issue become exercisable ratably over a period of ten years from the date of grant and have a contractual life of 12 years from the date of grant, unless the holder’s employment is terminated sooner.\nAs of December 31, 2013, ten-year vesting options represented 7.5% of total outstanding options.\nBeginning in 2011, certain of the options we issue become exercisable ratably over a period of three years from the date of grant and have a contractual life of ten years from the date of grant, unless the holder’s employment is terminated sooner.\nAs of December 31, 2013, three-year vesting options represented 20.5% of total outstanding options.\nOur non-employee directors are considered employees for purposes of our stock option plans and stock option reporting.\nOptions granted to our non-employee directors generally become exercisable one year from the date of grant.\nIn December 2008, we amended each of the Iron Mountain Incorporated 2002 Stock Incentive Plan, the Iron Mountain Incorporated 1997 Stock Option Plan and the LiveVault Corporation 2001 Stock Incentive Plan (each a ‘‘Plan’’) to provide that any unvested options and other awards granted under each respective Plan shall vest immediately should an employee be terminated by the Company, or terminate his or her own employment for good reason (as defined in each Plan), in connection with a vesting change in control (as defined in each Plan).\nThe Mimosa Systems, Inc.  2009 Equity Incentive Plan and the Mimosa Systems, Inc.  2003 Stock Plan were similarly amended in June 2010.\nA total of 38,917,411 shares of common stock have been reserved for grants of options and other rights under our various stock incentive plans.\nThe number of shares available for grant at December 31, 2013 was 5,814,061.\nThe weighted average fair value of options granted in 2011, 2012 and 2013 was $7.42, $7.00 and $7.69 per share, respectively.\nThese values were estimated on the date of grant using the Black-Scholes option pricing model.\nThe following table summarizes the weighted average assumptions used for grants in the year ended December 31:"}
{"_id": "d8721b12e", "title": "", "text": "| North America Asia Europe Total | December 30, 2006 | Net sales to external customers | Long-lived assets | Net assets | December 31, 2005 | Net sales to external customers | Long-lived assets | Net assets | December 25, 2004 | Net sales to external customers | Long-lived assets | Net assets |"}
{"_id": "d8e98cd0c", "title": "", "text": "The application of U. S.  GAAP requires the Company to evaluate the recoverability of deferred tax assets and establish a valuation allowance if necessary to reduce the deferred tax asset to an amount that is more likely than not expected to be realized.\nConsiderable judgment is required in determining whether a valuation allowance is necessary, and if so, the amount of such valuation allowance.\nIn evaluating the need for a valuation allowance the Company considers many factors, including: (1) the nature of the deferred tax assets and liabilities; (2) whether they are ordinary or capital; (3) in which tax jurisdictions they were generated and the timing of their reversal; (4) taxable income in prior carryback years as well as projected taxable earnings exclusive of reversing temporary differences and carryforwards; (5) the length of time that carryovers can be utilized in the various taxing jurisdictions; (6) any unique tax rules that would impact the utilization of the deferred tax assets; and (7) any tax planning strategies that the Company would employ to avoid a tax benefit from expiring unused.\nAlthough realization is not assured, management believes it is more likely than not that the deferred tax assets, net of valuation allowances, will be realized.\nA valuation allowance has been recorded primarily related to tax benefits associated with state and local and foreign deferred tax assets.\nThe valuation allowance as of December 31, 2009 and 2008, respectively, includes $178 million and $172 million recorded in connection with state and local deferred tax assets and $94 million and $152 million recorded in connection with foreign deferred tax assets.\nAdjustments to the valuation allowance will be made if there is a change in managements assessment of the amount of the deferred tax asset that is realizable.\nAt December 31, 2009 and 2008, respectively, the Company had federal net operating and capital loss carryforwards of $737 million and $1,094 million, which expire between 2013 and 2030.\nAt December 31, 2009 and 2008, respectively, the Company had state net operating and capital loss carryforwards for tax purposes approximating $2,408 million and $1,868 million, which expire between 2010 and 2030.\nAt December 31, 2009 and 2008, respectively, the Company had foreign operating loss carryforwards for tax purposes approximating $528 million and $547 million, $486 million of which expires between 2014 and 2016 and $42 million of which have an unlimited carryforward.\nThe Company does not provide U. S.  income taxes on unremitted foreign earnings of its non-U.\nS.  operations, other than its Japanese operations and certain German, Taiwan, United Kingdom, and Korean investment management subsidiaries.\nDuring 2007, the Company sold its investment in its German operating joint ventures Oppenheim Pramerica Fonds Trust GmbH and Oppenheim Pramerica Asset Management S. a. r. l.  Accordingly, the earnings were no longer considered permanently reinvested and the Company recognized an income tax expense of $9 million related to those earnings.\nIn addition, in 2007, the Company determined that the earnings from certain of its United Kingdom investment management subsidiaries would be repatriated to the U. S.  Accordingly, earnings from those United Kingdom investment management subsidiaries were no longer considered permanently reinvested.\nAn income tax benefit of $23 million associated with the assumed repatriation of those earnings was recognized in discontinued operations in 2007.\nDuring 2008, the Company made no changes with respect to its repatriation assumptions.\nDuring 2009, the Company sold its investment in its Mexican subsidiaries Prudential Financial Operadora de Sociedades de Inversion S. A.  de C. V. , Prudential Bank, S. A.  Institucion de Banca, and Prudential Consultoria S de RL de C. V.  Accordingly, the earnings were no longer considered permanently reinvested and the Company recognized an income tax expense of $6 million related to the sale in Income from discontinued operations, net of taxes in 2009.\nIn addition, in 2009, the Company determined that the earnings from certain of its Korean investment management subsidiaries would be repatriated to the U. S.  Accordingly, earnings from those Korean investment management subsidiaries were no longer considered permanently reinvested and the Company recognized an income tax expense of $66 million associated with the assumed repatriation of those earnings in 2009.\nThe Company had undistributed earnings of foreign subsidiaries, where it assumes permanent reinvestment, of $1,710 million at December 2009, $1,723 million at December 31, 2008 and $1,516 million at December 31, 2007, for which U. S.  deferred taxes have not been provided.\nDetermining the tax liability that would arise if these earnings were remitted is not practicable.\nresult of the expiration of the statute of limitations for the 2002 and 2003 tax years.\nIn addition, current year income taxes include the benefit from a revision of the estimated income taxes for 2008, based upon the filing of the 2008 federal income tax return in the third quarter.\nThe 2008 income tax benefit of $487 million reflects the benefit of the dividends received deduction as well as the impact of a lower level of earnings.\nFor additional information regarding income taxes, see Note 19 to the Consolidated Financial Statements.\nDiscontinued Operations Included within net income are the results of businesses which are reflected as discontinued operations under U. S.  GAAP.\nIncome from discontinued operations, net of taxes, was $19 million, $18 million and $20 million for the years ended December 31, 2009, 2008 and 2007, respectively.\nFor additional information regarding discontinued operations see Note 3 to the Consolidated Financial Statements.\nDivested Businesses Our income from continuing operations includes results from several businesses that have been or will be sold or exited that do not qualify for discontinued operations accounting treatment under U. S.  GAAP.\nThe results of these divested businesses are reflected in our Corporate and Other operations, but excluded from adjusted operating income.\nA summary of the results of these divested businesses that have been excluded from adjusted operating income is as follows for the periods indicated:"}
{"_id": "d8e7afb42", "title": "", "text": "| Non-accrual assets—Total Citicorp 2010 2009 2008 2007 2006 | Non-accrual loans (NAL) | OREO | Other repossessed assets | Non-accrual assets (NAA) | NAA as a percentage of total assets | Allowance for loan losses as a percentage of NAL-1 | Non-accrual assets—Total Citi Holdings | Non-accrual loans (NAL) | OREO | Other repossessed assets | Non-accrual assets (NAA) | NAA as a percentage of total assets | Allowance for loan losses as a percentage of NAL-1 |"}
{"_id": "d8bb3cc22", "title": "", "text": "Other Businesses Pretax loss for our Other Businesses of $18 million for 2012 compared to pretax income of $41 million for 2011.\nThe year-over-year decline primarily reflects the combined effect of costs in connection with a litigation settlement associated with our military services business in 2012, reserve strengthening for our closed block of long-term care insurance policies in 2012, and a change in profitability under the current TRICARE South Region contract in connection with our bid strategy.\nLiquidity Our primary sources of cash include receipts of premiums, services revenue, and investment and other income, as well as proceeds from the sale or maturity of our investment securities and borrowings.\nOur primary uses of cash include disbursements for claims payments, operating costs, interest on borrowings, taxes, purchases of investment securities, acquisitions, capital expenditures, repayments on borrowings, dividends, and share repurchases.\nBecause premiums generally are collected in advance of claim payments by a period of up to several months, our business normally should produce positive cash flows during periods of increasing premiums and enrollment.\nConversely, cash flows would be negatively impacted during periods of decreasing premiums and enrollment.\nFrom period to period, our cash flows may also be affected by the timing of working capital items.\nThe use of operating cash flows may be limited by regulatory requirements which require, among other items, that our regulated subsidiaries maintain minimum levels of capital and seek approval before paying dividends from the subsidiaries to the parent.\nOur use of operating cash flows derived from our non-insurance subsidiaries, such as in our Healthcare Services segment, is generally not restricted by Departments of Insurance.\nFor 2014, the effect of the commercial risk adjustment, risk corridor, and reinsurance provisions of the Health Care Reform Law will impact the timing of our operating cash flows, as we expect to build a receivable in 2014 that will be collected in 2015.\nIt is reasonably possible that the receivable could be material to our operating cash flow in 2014.\nIn 2014, we expect our operating cash flows to decline from 2013.\nAny amounts receivable or payable associated with these risk limiting programs should not have a significant impact on subsidiary capital and surplus.\nFor additional information on our liquidity risk, please refer to Item 1A.\nRisk Factors in this report.\nCash and cash equivalents decreased to $1.1 billion at December 31, 2013 from $1.3 billion at December 31, 2012."}
{"_id": "d8f4c3ca2", "title": "", "text": "(a) Exchange-traded derivative balances that relate to futures contracts are settled daily.\n(b) Included cash collateral netted of $61.6 billion and $64.2 billion related to OTC and OTC-cleared derivatives at December 31, 2015, and 2014, respectively.\n(c) The prior period amounts have been revised to conform with the current period presentation.\nThese revisions had no impact on Firms Consolidated balance sheets or its results of operations.\nIn addition to the cash collateral received and transferred that is presented on a net basis with net derivative receivables and payables, the Firm receives and transfers additional collateral (financial instruments and cash).\nThese amounts mitigate counterparty credit risk associated with the Firms derivative instruments but are not eligible for net presentation, because (a) the collateral consists of non-cash financial instruments (generally U. S.  government and agency securities and other Group of Seven Nations (G7) government bonds), (b) the amount of collateral held or transferred exceeds the fair value exposure, at the individual counterparty level, as of the date presented, or (c) the collateral relates to derivative receivables or payables where an appropriate legal opinion has not been either sought or obtained."}
{"_id": "d8a0594be", "title": "", "text": "| Year Ended December 31, | (millions) | Statements of Operations Information | Operating Revenues | Operating Expenses | Operating Income | Other (Income) Net | Income Before Income Taxes | Income Tax Provision | Net Income |"}
{"_id": "d8d1daf74", "title": "", "text": "Other-Than-Temporary Impairments on Investment Securities.\nIn April 2009, the FASB revised the authoritative guidance for the recognition and presentation of other-than-temporary impairments.\nThis new guidance amends the recognition guidance for other-than-temporary impairments of debt securities and expands the financial statement disclosures for other-than-temporary impairments on debt and equity securities.\nFor available for sale debt securities that the Company has no intent to sell and more likely than not will not be required to sell prior to recovery, only the credit loss component of the impairment would be recognized in earnings, while the rest of the fair value loss would be recognized in accumulated other comprehensive income (loss).\nThe Company adopted this guidance effective April 1, 2009.\nUpon adoption the Company recognized a cumulative-effect adjustment increase in retained earnings (deficit) and decrease in accumulated other comprehensive income (loss) as follows:"}
{"_id": "d8dd21630", "title": "", "text": "| % Change2013-2012 % Change2012-2011 | Amortization of purchased intangibles and technology license arrangements | Cost of sales | Excess and obsolete inventory | Various individually insignificant items | Total change |"}
{"_id": "d86a04616", "title": "", "text": "| Year ended December 31In millions Retail Banking Corporate & Institutional Banking BlackRock PFPC Other Intercompany Eliminations Consolidated | 2007 | INCOMESTATEMENT | Net interest income (expense) | Noninterest income | Total revenue | Provision for (recoveries of) credit losses | Depreciation and amortization | Other noninterest expense | Earnings (loss) before income taxes | Income taxes | Earnings (loss) | Inter-segment revenue | Average Assets (a) | 2006 | INCOMESTATEMENT | Net interest income (expense) | Noninterest income | Total revenue | Provision for (recoveries of) credit losses | Depreciation and amortization | Other noninterest expense | Earnings (loss) before minority interests in BlackRock and income taxes | Minority interests in BlackRock | Income taxes | Earnings (loss) | Inter-segment revenue | Average Assets (a) | 2005 | INCOMESTATEMENT | Net interest income (expense) | Noninterest income | Total revenue | Provision for (recoveries of) credit losses | Depreciation and amortization | Other noninterest expense | Earnings before minority interests in BlackRock and income taxes | Minority interests in BlackRock | Income taxes | Earnings (loss) | Inter-segment revenue | Average Assets (a) |"}
{"_id": "d89ac6330", "title": "", "text": "| (in millions) Years Ended December 31, | 2013 | Corporate: | Medium / Large | Small Business | Total Corporate | Public: | Government | Education | Healthcare | Total Public | Dividend Amount | $0.0425 | $0.0425 | $0.0425 | $0.0675 |"}
{"_id": "d87e7df2a", "title": "", "text": "Total AUM increased $24.3 billion, or 4%, to $658.6 billion as of December 31, 2014 compared to $634.3 billion as of December 31, 2013 due to a $21.0 billion increase in Advice & Wealth Management AUM driven by wrap account net inflows and market appreciation and a $4.8 billion increase in Asset Management AUM primarily driven by market appreciation, partially offset by retail fund distributions.\nSee our segment results of operations discussion below for additional information on changes in our AUM."}
{"_id": "d8673d5c2", "title": "", "text": "| Percent Increase (Decrease) | 2010 | (in millions, except percentages) | Cash Flow Data: | Net cash provided by operating activities | Net cash (used in) provided by investing activities | Net cash provided by (used in) financing activities | Balance Sheet Data: | Current assets | Current liabilities | Long-term liabilities | Equity |"}
{"_id": "d82b42158", "title": "", "text": "Computation Products operating loss of $23 million in 2003 improved by $638 million compared to $661 million in 2002.\nThe improvement was primarily due to incremental net sales of $204 million and a decrease in both manufacturing costs of $330 million and marketing, general and administrative expenses of $39 million, which resulted primarily from our cost reduction initiatives and the 2002 Restructuring Plan.\nIn addition, cooperative advertising and marketing expenses decreased by $55 million from 2002.\nComputation Products operating loss of $661 million in 2002 increased by $470 million compared to $191 million in 2001 primarily due to a decrease in net sales.\nThe decrease was primarily due to a decline in average selling prices of 13 percent and a decline in unit sales of 16 percent for microprocessors as a result of the sustained downturn in the PC industry."}
{"_id": "d8b024b5a", "title": "", "text": "| Year Ended September 30, | (In millions) | Net cash provided by operating activities | Net cash used for investing activities | Net cash provided by (used for) financing activities |"}
{"_id": "d8d5fefec", "title": "", "text": "OTHER MATTERS Critical accounting policies and estimates Managements discussion and analysis of financial condition and results of operations is based upon the Companys consolidated financial statements, which have been prepared in accordance with accounting principles generally accepted in the U. S.  The preparation of these financial statements requires the Company to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses as well as related disclosures.\nOn an ongoing basis, the Company evaluates its estimates and judgments based on historical experience and various other factors that are believed to be reasonable under the circumstances.\nActual results may differ from these estimates under various assumptions or conditions.\nThe Company reviews its financial reporting and disclosure practices and accounting policies quarterly to ensure that they provide accurate and transparent information relative to the current economic and business environment.\nThe Company believes that of its significant accounting policies, the following involve a higher degree of judgment and/or complexity: ?\nProperty and equipment Property and equipment are depreciated or amortized on a straight-line basis over their useful lives based on managements estimates of the period over which the assets will generate revenue (not to exceed lease term plus options for leased property).\nThe useful lives are estimated based on historical experience with similar assets, taking into account anticipated technological or other changes.\nThe Company periodically reviews these lives relative to physical factors, economic factors and industry trends.\nIf there are changes in the planned use of property and equipment, or if technological changes occur more rapidly than anticipated, the useful lives assigned to these assets may need to be shortened, resulting in the recognition of increased depreciation and amortization expense or write-offs in future periods.  ?\nShare-based compensation The Company has a share-based compensation plan which authorizes the granting of various equity-based incentives including stock options and restricted stock units (RSUs) to employees and nonemployee directors.\nThe expense for these equity-based incentives is based on their fair value at date of grant and generally amortized over their vesting period.\nThe fair value of each stock option granted is estimated on the date of grant using a closed-form pricing model.\nThe pricing model requires assumptions, such as the expected life of the stock option, the risk-free interest rate and expected volatility of the Companys stock over the expected life, which significantly impact the assumed fair value.\nThe Company uses historical data to determine these assumptions and if these assumptions change significantly for future grants, share-based compensation expense will fluctuate in future years.\nThe fair value of each RSU granted is equal to the market price of the Companys stock at date of grant less the present value of expected dividends over the vesting period.  ?\nLong-lived assets impairment review Long-lived assets (including goodwill) are reviewed for impairment annually in the fourth quarter and whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable.\nIn assessing the recoverability of the Companys long-lived assets, the Company considers changes in economic conditions and makes assumptions regarding estimated future cash flows and other factors.\nEstimates of future cash flows are highly subjective judgments based on the Companys experience and knowledge of its operations.\nThese estimates can be significantly impacted by many factors including changes in global and local business and economic conditions, operating costs, inflation, competition, and consumer and demographic trends.\nA key assumption impacting estimated future cash flows is the estimated change in comparable sales.\nIf the Companys estimates or underlying assumptions change in the future, the Company may be required to record impairment charges.\nWhen the Company sells an existing business to a developmental licensee, it determines when these businesses are held for sale in accordance with the requirements of SFAS No.144, Accounting for the Impairment or Disposal of Long-lived Assets.\nImpairment charges on assets held for sale are recognized when\nOff-Balance Sheet TransactionsNone.\nContractual ObligationsAs of December 31, 2017, our contractual obligations with initial or remaining terms in excess of one year, including interest payments on long-term debt obligations, were as follows (in thousands):"}
{"_id": "d87bb67e2", "title": "", "text": "| Change | 2012 | (in millions) | Medicare | Commercial and other | Military services | Allowance for doubtful accounts | Total net receivables | Reconciliation to cash flow statement: | Provision for doubtful accounts | Receivables from acquisition | Change in receivables per cash flow statement resulting in cash from operations |"}
{"_id": "d8854040c", "title": "", "text": "CDW CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS Deferred Financing Costs Deferred financing costs, such as underwriting, financial advisory, professional fees and other similar fees are capitalized and recognized in Interest expense, net over the estimated life of the related debt instrument using the effective interest method or straight-line method, as applicable.\nThe Company classifies deferred financing costs as a direct deduction from the carrying value of the long-term debt liability on the Consolidated Balance Sheets, except for deferred financing costs associated with line-of-credit arrangements which are presented as an asset, included within “Other assets” on the Consolidated Balance Sheets.\nDerivatives The Company has entered into interest rate cap agreements for the purpose of economically hedging its exposure to fluctuations in interest rates.\nThese derivatives are recorded at fair value in the Consolidated Balance Sheets.\nThe Company’s interest rate cap agreements are not designated as cash flow hedges of interest rate risk.\nChanges in fair value of the derivatives are recorded directly to Interest expense, net in the Consolidated Statements of Operations.\nFair Value Measurements Fair value is defined under GAAP as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\nA fair value hierarchy has been established for valuation inputs to prioritize the inputs into three levels based on the extent to which inputs used in measuring fair value are observable in the market.\nEach fair value measurement is reported in one of the three levels which is determined by the lowest level input that is significant to the fair value measurement in its entirety.\nThese levels are: Level 1 – observable inputs such as quoted prices for identical instruments traded in active markets.\nLevel 2 – inputs are based on quoted prices for similar instruments in active markets, quoted prices for identical or similar instruments in markets that are not active and model-based valuation techniques for which all significant assumptions are observable in the market or can be corroborated by observable market data for substantially the full term of the assets or liabilities.\nLevel 3 – inputs are generally unobservable and typically reflect management’s estimates of assumptions that market participants would use in pricing the asset or liability.\nThe fair values are therefore determined using model-based techniques that include option pricing models, discounted cash flow models and similar techniques.\nAccumulated Other Comprehensive Loss Foreign currency translation adjustments are included in Stockholders’ equity under Accumulated other comprehensive loss.\nThe components of accumulated other comprehensive loss are as follows:"}
{"_id": "d8924d4ce", "title": "", "text": "| Past Due | As of December 31, 2012 (in millions) | Commercial Banking: | Commercial real estate | Commercial and industrial | Equipment financing | Total | Retail: | Residential mortgage | Home equity | Other consumer | Total | Total originated loans |"}
{"_id": "d8c9b0920", "title": "", "text": "Gathering and Transportation We generally sell oil and natural gas under two common types of agreements, both of which include a transportation charge.\nOne is a netback arrangement, under which we sell oil or natural gas at the wellhead and collect a lower relative price to reflect transportation costs to be incurred by the purchaser.\nIn this case, we record sales at the netback price received from the purchaser.\nAlternatively, we sell oil or natural gas at a specific delivery point, pay our own transportation to a third-party carrier, and receive a price with no transportation deduction.\nIn this case, we record the separate transportation cost as gathering and transportation costs.\nWe maintain and operate the assets based on contractual obligations within the lease arrangements, which set specific guidelines consistent within the railroad industry.\nAs such, we have no control over activities that could materially impact the fair value of the leased assets.\nWe do not hold the power to direct the activities of the VIEs and, therefore, do not control the ongoing activities that have a significant impact on the economic performance of the VIEs.\nAdditionally, we do not have the obligation to absorb losses of the VIEs or the right to receive benefits of the VIEs that could potentially be significant to the VIEs.\nWe are not considered to be the primary beneficiary and do not consolidate these VIEs because our actions and decisions do not have the most significant effect on the VIEs performance and our fixed-price purchase options are not considered to be potentially significant to the VIEs.\nThe future minimum lease payments associated with the VIE leases totaled $2.6 billion as of December 31, 2015.17.\nLeases We lease certain locomotives, freight cars, and other property.\nThe Consolidated Statements of Financial Position as of December 31, 2015 and 2014 included $2,273 million, net of $1,189 million of accumulated depreciation, and $2,454 million, net of $1,210 million of accumulated depreciation, respectively, for properties held under capital leases.\nA charge to income resulting from the depreciation for assets held under capital leases is included within depreciation expense in our Consolidated Statements of Income.\nFuture minimum lease payments for operating and capital leases with initial or remaining non-cancelable lease terms in excess of one year as of December 31, 2015, were as follows:"}
{"_id": "d8239fbee", "title": "", "text": "| At December 31, | 2015 | Commercial: -1 | Commercial and industrial | Commercial real estate: | Construction | Commercial | Total commercial real estate | Total commercial | Consumer: | Automobile | Home equity | Residential mortgage | Other consumer | Total consumer | Total loans and leases |"}
{"_id": "d8ea20e4e", "title": "", "text": "| $ in millions As of December 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 - thereafter | Total |"}
{"_id": "d88fb4d52", "title": "", "text": "Cash Equivalents The carrying value of cash equivalents, which includes investments with an original or remaining maturity of three months or less, at the time of purchase was $9.6 billion and $8.4 billion at December 31, 2010 and 2009, respectively.\nThe Company is exposed to concentrations of credit risk related to securities of the U. S.  government and certain U. S.  government agencies included within cash equivalents, which were $5.8 billion and $6.0 billion at December 31, 2010 and 2009, respectively."}
{"_id": "d8ee34bc0", "title": "", "text": "| December 31, 2013 December 31, 2012 | (in thousands, except percentages) | Cash accounts | Money market mutual funds | Total |"}
{"_id": "d8eed0a02", "title": "", "text": "$252 million.\nThis increase was driven primarily by accounts receivable and inventory reductions, which generated approximately $103 million; the impact of litigation-related payments of approximately $300 million to the U. S.  Department of Justice in 2011; and lower tax-related net cash outflows of approximately $40 million during 2012.\nPartially offsetting these items was the impact of lower operating profit in 2012 and a $35 million increase in restructuring-related payments as compared to 2011.\nOur cash provided by operating activities in 2011 also included proceeds of approximately $80 million related to the termination of our outstanding interest rate derivative contracts and the receipt of a $75 million manufacturing cost true-up payment from Abbott in accordance with our supply agreement.\nDuring 2011 we generated $683 million more of operating cash flows than in 2010.\nThis increase was driven primarily by lower litigation-related payments of approximately $1.3 billion.\nOur 2011 litigation-related payments primarily consisted of a payment of approximately $300 million to the U. S.  Department of Justice in the first quarter of 2011; during 2010, we made payments of $1.725 billion to Johnson & Johnson related to a patent litigation settlement and received $104 million in connection with a litigation settlement with Medinol.\nOur cash provided by operating activities in 2011 also included proceeds of approximately $80 million related to the termination of our outstanding interest rate derivative contracts and the receipt of a $75 million manufacturing cost true-up payment from Abbott in accordance with our supply agreement.\nIn 2011 we incurred net tax payments in the amount of $138 million as compared to net tax related receipts of $286 million in 2010.\nIn addition, our 2010 cash flows include the receipt of a $250 million milestone payment from Abbott."}
{"_id": "d81d1e69e", "title": "", "text": "| Regulated Electric Regulated Natural Gas All Other Reconciling Eliminations Consolidated Total | (Thousands of Dollars) | 2008 | Operating revenues from external customers | Intersegment revenues | Total revenues | Depreciation and amortization | Interest charges and financing costs | Income tax expense (benefit) | Income (loss) from continuing operations | 2007 | Operating revenues from external customers | Intersegment revenues | Total revenues | Depreciation and amortization | Interest charges and financing costs | Income tax expense (benefit) | Income (loss) from continuing operations | 2006 | Operating revenues from external customers | Intersegment revenues | Total revenues | Depreciation and amortization | Interest charges and financing costs | Income tax expense (benefit) | Income (loss) from continuing operations |"}
{"_id": "d89f4dbc4", "title": "", "text": "| 2007 2006 2005 | (in thousands) | Balances at January 1 | Acquisitions | Incurred related to: | Current year | Prior years | Total incurred | Paid related to: | Current year | Prior years | Total paid | Balances at December 31 |"}
{"_id": "d89f07b9c", "title": "", "text": "Impairment of Long-lived Assets We evaluate long-lived assets classified as held and used for impairment when events or changes in circumstances indicate that the carrying value of such assets may not be recoverable.\nWhether impairment has occurred is determined by comparing the estimated undiscounted cash flows attributable to the assets with the carrying value of the assets.\nIf the carrying value exceeds the undiscounted cash flows, we recognize an impairment charge equal to the carrying value of the assets in excess of estimated fair value.\nIn the period in which we determine an asset meets the held for sale criteria, we record an impairment charge to the extent the book value exceeds its fair value less cost to sell.\nSee Note 17  Goodwill, Impairment and Other Charges for information about Amerens, Ameren Missouris and Gencos impairments.\nInvestments Ameren and Ameren Missouri evaluate for impairment the investments held in Ameren Missouris nuclear decommissioning trust fund.\nLosses on assets in the trust fund could result in higher funding requirements for decommissioning costs, which Ameren Missouri believes would be recovered in electric rates paid by its customers.\nAccordingly, Ameren and Ameren Missouri recognize a regulatory asset on their balance sheets for losses on investments held in the nuclear decommissioning trust fund.\nSee Note 9  Nuclear Decommissioning Trust Fund Investments for additional information.\nEnvironmental Costs Liabilities for environmental costs are recorded on an undiscounted basis when it is probable that a liability has been incurred and the amount of the liability can be reasonably estimated.\nCosts are expensed or deferred as a regulatory asset when it is expected that the costs will be recovered from customers in future rates.\nIf environmental expenditures are related to facilities currently in use, such as pollution control equipment, the cost is capitalized and depreciated over the expected life of the asset.\nUnamortized Debt Discount, Premium, and Expense Discount, premium, and expense associated with longterm debt are amortized over the lives of the related issues.\nRevenue Operating Revenues Ameren Missouri, Ameren Illinois and Genco record operating revenue for electric or natural gas service when it is delivered to customers.\nWe accrue an estimate of electric and natural gas revenues for service rendered but unbilled at the end of each accounting period.\nTrading Activities We present the revenues and costs associated with certain energy derivative contracts designated as trading on a net basis in Operating Revenues  Electric and Operating Revenues  Other.\n Nuclear Fuel Ameren Missouris cost of nuclear fuel is capitalized and then amortized to fuel expense on a unit-of-production basis.\nSpent fuel disposal cost is based on net kilowatthours generated and sold, and that cost is charged to expense.\nPurchased Gas, Power and Fuel Rate-adjustment Mechanisms Amerens utility subsidiaries have various rateadjustment mechanisms in place that provide for the recovery of purchased natural gas and electric fuel and purchased power costs.\nSee Note 2  Rate and Regulatory Matters for the regulatory assets and liabilities recorded at December 31, 2011, and 2010, related to the rateadjustment mechanisms discussed below.\nIn Ameren Missouris and Ameren Illinois retail natural gas utility jurisdictions, changes in natural gas costs are generally reflected in billings to their natural gas utility customers through PGA clauses.\nThe difference between actual natural gas costs and costs billed to customers in a given period are deferred as regulatory assets or liabilities.\nThe deferred amounts are either billed or refunded to natural gas utility customers in a subsequent period.\nmarkets operated by MISO.\nThe power and related procurement costs incurred by Ameren Illinois are passed directly to its customers through a cost recovery mechanism.\nThe IPA administers a RFP process that procures Ameren Illinois expected supply obligation.\nSince the start of this process, the ICC has approved the outcomes of multiple electric power procurement RFPs for energy, capacity, and renewable energy credits covering different time periods.\nA portion of the electric power supply required for Ameren Illinois to satisfy its distribution customers requirements is purchased in the RFP process administered by the IPA from Marketing Company on behalf of Genco and AERG.\nIn addition, as part of the 2007 Illinois Electric Settlement Agreement, Ameren Illinois entered into financial contracts with Marketing Company (for the benefit of Genco and AERG) to lock in energy prices for 400 to 1,000 megawatts annually of its round-the-clock power requirements during the period June 1, 2008, through December 31, 2012, at the market prices relevant at that time.\nThese financial contracts do not include capacity, are not load-following products, and do not involve the physical delivery of energy.\nSee Note 2  Rate and Regulatory Matters, Note 14  Related Party Transactions and Note 15  Commitments and Contingencies under Part II, Item 8, of this report for additional information on power procurement in Illinois.\nMerchant Generation Genco and AERG have entered into power supply agreements with Marketing Company whereby Genco and AERG sell, and Marketing Company purchases, all of the capacity and energy available from Gencos and AERGs generation energy centers and the associated energy.\nThese power supply agreements continue through December 31, 2022, and from year to year thereafter unless either party elects to terminate the agreement by providing the other party with no less than six months advance written notice.\nEEI and Marketing Company have entered into a power supply agreement for EEI to sell all of its capacity and energy to Marketing Company.\nThis agreement expires on May 31, 2016.\nAll of Gencos, AERGs and EEIs energy centers compete for the sale of energy and capacity in the competitive energy markets through Marketing Company.\nSee Note 14  Related Party Transactions under Part II, Item 8, of this report for additional information."}
{"_id": "d8c8acdbc", "title": "", "text": "Commercial Loans Investment Mix We originate domestic commercial mortgages using dedicated investment staff and a network of independent companies through our various regional offices across the country.\nAll loans are underwritten consistently to our standards using a proprietary quality rating system that has been developed from our experience in real estate and mortgage lending.\nOur loan portfolio strategy emphasizes diversification by property type and geographic location.\nConsumer loans are loans extended by Gibraltar Life to individuals for financing purchases of consumer goods and services and are guaranteed by third party guarantor companies."}
{"_id": "d8c04e6f2", "title": "", "text": "Stockholders’ Equity Common stock – On April 25, 2007, Marathon’s stockholders approved an increase in the number of authorized shares of common stock from 550 million to 1.1 billion shares, and the Company’s Board of Directors subsequently declared a two-for-one split of the Company’s common stock.\nThe stock split was effected in the form of a stock dividend distributed on June 18, 2007, to stockholders of record at the close of business on May 23, 2007.\nStockholders received one additional share of Marathon Oil Corporation common stock for each share of common stock held as of the close of business on the record date.\nIn addition, shares of common stock issued or issuable for stock-based awards under Marathon’s incentive compensation plans were proportionately increased in accordance with the terms of the plans.\nCommon stock and per share (except par value) information for all periods presented has been restated in the consolidated financial statements and notes to reflect the stock split.\nDuring 2007, 2006 and 2005, Marathon had the following common stock issuances in addition to shares issued for employee stock-based awards: ?\nOn October 18, 2007, in connection with the acquisition of Western discussed in Note 6, Marathon distributed 29 million shares of its common stock valued at $55.70 per share to Western’s shareholders.  ?\nOn June 30, 2005, in connection with the acquisition of Ashland’s minority interest in MPC discussed in Note 6, Marathon distributed 35 million shares of its common stock valued at $27.23 per share to Ashland’s shareholders.\nMarathon’s Board of Directors has authorized the repurchase of up to $5 billion of common stock.\nPurchases under the program may be in either open market transactions, including block purchases, or in privately negotiated transactions.\nThe Company will use cash on hand, cash generated from operations, proceeds from potential asset sales or cash from available borrowings to acquire shares.\nThis program may be changed based upon the Company’s financial condition or changes in market conditions and is subject to termination prior to completion.\nThe repurchase program does not include specific price targets or timetables.\nAs of December 31, 2007, the Company had acquired 58 million common shares at a cost of $2.520 billion under the program, including 16 million common shares acquired during 2007 at a cost of $822 million and 42 million common shares acquired during 2006 at a cost of $1.698 billion."}
{"_id": "d86ada504", "title": "", "text": "| VIE Type Maximum Loss Exposure-1 Asset/Liability Type Carrying Amount | VIE tenants—operating leases | VIE tenants—DFLs | Loans—senior secured | Loans—mezzanine |"}
{"_id": "d8abbd8a0", "title": "", "text": "| ($ in millions) 2010 2009 2008 | Net sales | Segment earnings | Business consolidation gains (costs)(a) | Total segment earnings |"}
{"_id": "d8366a3e6", "title": "", "text": "(25) Selected Quarterly Financial Data Selected quarterly information for the years ended December 31, 2008 and 2007 is as follows (in thousands, except per share amounts).\nResults of operations for properties sold or to be sold have been classified as discontinued operations for all periods presented:"}
{"_id": "d8de10ee2", "title": "", "text": "MetLife, Inc.  Notes to the Consolidated Financial Statements  (Continued) Company eliminated certain assets and liabilities held in connection with the pension business.\nDeferred acquisition costs deferred tax assets, and liabilities  primarily the liability for future servicing obligation referred to above  were eliminated and the Company incurred severance costs associated with the termination of employees.\nThe impact of the elimination of assets and liabilities and the incurral of severance costs was an increase to net income of $6 million, net of income tax, during the year ended December 31, 2008.\nIn September 2008, the Argentine Supreme Court ruled against the validity of the 2002 Pesification Law enacted by the Argentine government.\nThis ruling applied to certain social security pension annuity contractholders that had filed a lawsuit against the 2002 Pesification Law.\nThe annuity contracts impacted by this ruling, which were deemed peso denominated under the 2002 Pesification Law, are now considered to be U. S.  dollar denominated obligations of the Company.\nContingent liabilities that were established at acquisition in 2005 in connection with the outstanding lawsuits have been adjusted and refined to be consistent with the ruling.\nThe impact of the refinements resulting from the change in these contingent liabilities and the associated future policyholder benefits was an increase to net income of $34 million, net of income tax, during the year ended December 31, 2008.\nAs part of Nationalization, the Company may receive compensation from the Argentine government for the loss of the pension business in the form of government bonds.\nThe amount of any such compensation, as well as the terms and value of the government bonds to be received, cannot be determined at this time.\nThe compensation will only be reflected in the consolidated financial statements of the Company if and when the fair value of the compensation is received.\nFurther governmental or legal actions are possible in Argentina.\nSuch actions may impact the level of existing liabilities or may create additional obligations or benefits to the Companys operations in Argentina.\nManagement has made its best estimate of its obligations based upon information currently available; however, further governmental or legal actions could result in changes in obligations which could materially impact the amounts presented within the consolidated financial statements."}
{"_id": "d882920a2", "title": "", "text": "(a) Letters of credit (non-debt)Exelon and certain of its subsidiaries maintain non-debt letters of credit to provide credit support for certain transactions as requested by third parties.\n(b) Surety bondsGuarantees issued related to contract and commercial agreements, excluding bid bonds.\n(c) Performance guaranteesGuarantees issued to ensure performance under specific contracts, including $211 million issued on behalf of CENG nuclear generating facilities for credit support, $200 million of Trust Preferred Securities of ComEd Financing III, $178 million of Trust Preferred Securities of PECO Trust III and IV and $250 million of Trust Preferred Securities of BGE Capital Trust II.\n(d) Energy marketing contract guaranteesGuarantees issued to ensure performance under energy commodity contracts.\nAmount includes approximately $8.3 billion of guarantees previously issued by Constellation on behalf of its Generation and NewEnergy business to allow it the flexibility needed to conduct business with counterparties without having to post other forms of collateral.\nThe majority of these guarantees contain evergreen provisions that require the guarantee to remain in effect until cancelled.\nExelons estimated net exposure for obligations under commercial transactions covered by these guarantees is approximately $1.5 billion at December 31, 2012, which represents the total amount Exelon could be required to fund based on December 31, 2012 market prices.\n(e) Lease guaranteesGuarantees issued to ensure payments on building leases.\n(f) Middle market lending commitmentsRepresents commitments to investment in loans or managed funds which invest in private companies.\nThese commitments will be funded by Generations existing nuclear decommissioning trust funds.\nSee Note 9Fair Value of Financial Assets and Liabilities for more information on nuclear decommissioning trust funds and middle market lending.\n(g) Nuclear insurance premiumsRepresents the maximum amount that Generation would be required to pay for retrospective premiums in the event of nuclear disaster at any domestic site under the Secondary Financial Protection pool as required under the Price-Anderson Act as well as the current aggregate annual retrospective premium obligation that could be imposed by NEIL.\nSee the Nuclear Insurance section within this note for additional details on Generations nuclear insurance premiums.\nConstruction Commitments Generation has committed to the construction of a solar PV facility in Los Angeles County, California.\nThe first portion of the project began operations in December 2012, with additional phases to come online and an expectation of full commercial operation by the end of the third quarter of 2013.\nGenerations estimated remaining commitment for the project is $636 million for 2013.\nSee Note 4 Merger and Acquisitions for additional information.\nRefer to Note 3Regulatory Matters for information on investment programs associated with regulatory mandates, such as ComEds Infrastructure Investment Plan under EIMA, PECOs Smart Meter Procurement and Installation Plan, BGEs comprehensive smart grid initiative and ComEds, PECOs and BGEs commitment to construct transmission facilities under their operating agreements with PJM."}
{"_id": "d8e77b090", "title": "", "text": "| In millions of dollars U.S. Outside U.S. December 31, 2008 December 31, 2007 | Commercial and similar letters of credit | One- to four-family residential mortgages | Revolving open-end loans secured by one- to four-family residential properties | Commercial real estate, construction and land development | Credit card lines | Commercial and other consumer loan commitments | Total |"}
{"_id": "d8e2cfb9a", "title": "", "text": "| 2005 2004 | Financial Services Businesses | ASSETS | Fixed maturities: | Available for sale, at fair value | Held to maturity, at amortized cost | Trading account assets supporting insurance liabilities, at fair value | Other trading account assets, at fair value | Equity securities, available for sale, at fair value | Commercial loans | Policy loans | Securities purchased under agreements to resell | Other long-term investments | Short-term investments | Total investments | Cash and cash equivalents | Accrued investment income | Reinsurance recoverables | Deferred policy acquisition costs | Other assets | Separate account assets | TOTAL ASSETS | LIABILITIES AND ATTRIBUTED EQUITY | LIABILITIES | Future policy benefits | Policyholders’ account balances | Policyholders’ dividends | Reinsurance payables | Securities sold under agreements to repurchase | Cash collateral for loaned securities | Income taxes payable | Securities sold but not yet purchased | Short-term debt | Long-term debt | Other liabilities | Separate account liabilities | Total liabilities | COMMITMENTS AND CONTINGENT LIABILITIES | ATTRIBUTED EQUITY | Accumulated other comprehensive income | Other attributed equity | Total attributed equity | TOTAL LIABILITIES AND ATTRIBUTED EQUITY |"}
{"_id": "d8c97588e", "title": "", "text": "| As of and for the Year Ended December 31, | (dollars in millions) | Gross Charge-offs: | Commercial | Commercial real estate | Leases | Total commercial loans and leases | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Automobile | Education | Credit cards | Other retail | Total retail loans | Total gross charge-offs | Gross Recoveries: | Commercial | Commercial real estate | Leases | Total commercial loans and leases | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Automobile | Education | Credit cards | Other retail | Total retail loans | Total gross recoveries | Net (Charge-offs)/Recoveries: | Commercial | Commercial real estate | Leases | Total commercial loans and leases | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Automobile | Education | Credit cards | Other retail | Total retail loans | Total net (charge-offs)/recoveries | Ratio of net charge-offs to average loans and leases |"}
{"_id": "d88bf5298", "title": "", "text": "| December 31, 2009 | Trading Securities | (In millions) | Quoted prices in active markets for identical assets and liabilities (Level 1) | Significant other observable inputs (Level 2) | Significant unobservable inputs (Level 3) | Total estimated fair value |"}
{"_id": "d8cb2d6ae", "title": "", "text": "Unsecured Short-Term Borrowings.\nA significant portion of our short-term borrowings was originally long-term debt that is scheduled to mature within one year of the reporting date.\nWe use short-term borrowings to finance liquid assets and for other cash management purposes.\nWe primarily issue commercial paper, promissory notes, and other hybrid instruments.\nAs of December 2012, our unsecured short-term borrowings, including the current portion of unsecured long-term borrowings, were $44.30 billion.\nSee Note 15 to the consolidated financial statements for further information about our unsecured short-term borrowings."}
{"_id": "d8b33d8dc", "title": "", "text": "Energy Purchase and Sale Agreements.\nIn March 2005, Constellation, to which Generation is now a successor, closed a transaction in which Generation assumed from a counterparty two power sales contracts with previously existing VIEs.\nThe VIEs previously were created by the counterparty to issue debt in order to monetize the value of the original contracts to purchase and sell power.\nUnder the power sales contracts, Generation sells power to the VIEs which, in turn, sell that power to an electric distribution utility through 2013.\nIn connection with this transaction, a third party acquired the equity of the VIEs and Generation loaned that party a portion of the purchase price.\nIf the electric distribution utility were to default under its obligation to buy power from the VIEs, the equity holder could transfer its equity interests to Generation in lieu of repaying the loan.\nIn this event, Generation would have the right to seek recovery of its losses from the electric distribution utility.\nAs a result, Generation has concluded that consolidation is not required.\nZionSolutions.\nGeneration has an asset sale agreement with EnergySolutions, Inc.  and certain of its subsidiaries, including ZionSolutions, LLC (ZionSolutions), which is further discussed in Note 13 Asset Retirement Obligations.\nUnder this agreement, ZionSolutions can put the assets and liabilities back to Generation when decommissioning is complete.\nGeneration has evaluated this agreement and determined that, through the put option, it has a variable interest in ZionSolutions but is not the primary beneficiary.\nAs a result, Generation has concluded that consolidation is not required."}
{"_id": "d8723e8e0", "title": "", "text": "| December 31, 2016 December 31, 2015 | Total Assets | CDO [3] | Investment funds [4] | Limited partnerships and other alternative investments [5] | Total |"}
{"_id": "d87d2d85a", "title": "", "text": "| December 31, | 2008 | (in millions) | Deferred income tax assets: | U.S. | State | International | Net deferred income tax assets | Deferred income tax liabilities: | U.S. | State | International | Net deferred income tax liabilities | Total net deferred income tax assets (liabilities) |"}
{"_id": "d89065062", "title": "", "text": "| As of and for the Years ended December 31, 2000 1999 1998 | Revenues | Operating Income | Net Income | Current Assets | Noncurrent Assets | Current Liabilities | Noncurrent Liabilities | Stockholder's Equity |"}
{"_id": "d8c2e44c0", "title": "", "text": "| 2015 2014 2013 | Balance at beginning of year | Additions charged to expense | Accounts written-off | Balance at end of year |"}
{"_id": "d89ad1ad2", "title": "", "text": "The fair values of the Company’s pension plan assets at December 31, 2011, by asset category, are as follows:"}
{"_id": "d8e0cdb76", "title": "", "text": "| High Low Dividends | 2010: | Fourth Quarter | Third Quarter | Second Quarter | First Quarter | 2009: | Fourth Quarter | Third Quarter | Second Quarter | First Quarter |"}
{"_id": "d87b22664", "title": "", "text": "| Years ended December 31, | Effective | Interest | Rate1 | Floating Rate Senior Unsecured Notes due 2008 | 5.40% Senior Unsecured Notes due 2009 (less unamortized discount of $0.2) | Floating Rate Senior Unsecured Notes due 2010 (less unamortized discount of $10.1) | 7.25% Senior Unsecured Notes due 2011 | 6.25% Senior Unsecured Notes due 2014 (less unamortized discount of $0.8) | 4.50% Convertible Senior Notes due 2023 | 4.25% Convertible Senior Notes due 2023 (plus unamortized premium of $75.2) | Other notes payable and capitalized leases — at interest rates from 1.2% to 19.5% | Total long-term debt | Less: current portion | Long-term debt, excluding current portion |"}
{"_id": "d830e4e3a", "title": "", "text": "| December 31, 2007 December 31, 2006 | Carrying Value | Assets: | Loans, net | Liabilities: | Deposits | Securities sold under agreements to repurchase | Other borrowings | Corporate debt |"}
{"_id": "d86f6b9e2", "title": "", "text": "Series L Preferred Stock does not have early redemption/call rights.\nEach share of the Series L Preferred Stock may be converted at any time, at the option of the holder, into 20 shares of the Corporations common stock plus cash in lieu of fractional shares.\nOn or after January 30, 2013, the Corporation may cause some or all of the Series L Preferred Stock, at its option, at any time or from time to time, to be converted into shares of common stock at the then-applicable conversion rate if, for 20 trading days during any period of 30 consecutive trading days, the closing price of common stock exceeds 130 percent of the then-applicable conversion price of the Series L Preferred Stock.\nIf the Corporation exercises its rights to cause the automatic conversion of Series L Preferred Stock on January 30, 2013, it will still pay any accrued dividends payable on January 30, 2013 to the applicable holders of record.\nAll series of preferred stock on the previous page have a par value of $0.01 per share, are not subject to the operation of a sinking fund, have no participation rights, and with the exception of the Series L Preferred Stock, are not convertible.\nThe holders of the Series B Preferred Stock and Series 1-8 Preferred Stock have general voting rights, and the holders of the other series included on the previous page have no general voting rights.\nAll preferred stock of the Corporation outstanding has preference over the Corporations common stock with respect to the payment of dividends and distribution of the Corporations assets in the event of a liquidation or dissolution.\nIf any dividend payable on these series is in arrears for three or more semi-annual or six or more quarterly dividend periods, as applicable (whether consecutive or not), the holders of these series and any other class or series of preferred stock ranking equally as to payment of dividends and upon which equivalent voting rights have been conferred and are exercisable (voting as a single class) will be entitled to vote for the election of two additional directors.\nThese voting rights terminate when the Corporation has paid in full dividends on these series for at least two semi-annual or four quarterly dividend periods, as applicable, following the dividend arrearage."}
{"_id": "d8dc06426", "title": "", "text": "| Years Ended September 30, | 2019 | (in thousands) | Liquidity and Capital Resources | Cash and cash equivalents and investments | Cash provided by operating activities | Cash used in investing activities | Cash used in financing activities |"}
{"_id": "d8acaaed4", "title": "", "text": "| 2014 2013 | Route | Other main line | Passing lines and turnouts | Switching and classification yard lines | Total miles |"}
{"_id": "d813f93d4", "title": "", "text": "used to refinance certain indebtedness which matured in the fourth quarter of 2014.\nInterest is payable semi-annually in arrears on March 18 and September 18 of each year, or approximately $35 million per year.\nThe 2024 Notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a make-whole redemption price.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2024 Notes.2022 Notes.\nIn May 2012, the Company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations.\nThese notes were issued as two separate series of senior debt securities, including $750 million of 1.375% notes, which were repaid in June 2015 at maturity, and $750 million of 3.375% notes maturing in June 2022 (the 2022 Notes).\nNet proceeds were used to fund the repurchase of BlackRocks common stock and Series B Preferred from Barclays and affiliates and for general corporate purposes.\nInterest on the 2022 Notes of approximately $25 million per year is payable semi-annually on June 1 and December 1 of each year.\nThe 2022 Notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a make-whole redemption price.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2022 Notes.2021 Notes.\nIn May 2011, the Company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations.\nThese notes were issued as two separate series of senior debt securities, including $750 million of 4.25% notes maturing in May 2021 and $750 million of floating rate notes, which were repaid in May 2013 at maturity.\nNet proceeds of this offering were used to fund the repurchase of BlackRocks Series B Preferred from affiliates of Merrill Lynch & Co. , Inc.  Interest on the 4.25% notes due in 2021 (2021 Notes) is payable semi-annually on May 24 and November 24 of each year, and is approximately $32 million per year.\nThe 2021 Notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a make-whole redemption price.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2021 Notes.2019 Notes.\nIn December 2009, the Company issued $2.5 billion in aggregate principal amount of unsecured and unsubordinated obligations.\nThese notes were issued as three separate series of senior debt securities including $0.5 billion of 2.25% notes, which were repaid in December 2012, $1.0 billion of 3.50% notes, which were repaid in December 2014 at maturity, and $1.0 billion of 5.0% notes maturing in December 2019 (the 2019 Notes).\nNet proceeds of this offering were used to repay borrowings under the CP Program, which was used to finance a portion of the acquisition of Barclays Global Investors from Barclays on December 1, 2009, and for general corporate purposes.\nInterest on the 2019 Notes of approximately $50 million per year is payable semi-annually in arrears on June 10 and December 10 of each year.\nThese notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a make-whole redemption price.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2019 Notes.13."}
{"_id": "d8983bf48", "title": "", "text": "| As of December 31, | 2011 | Balance Sheet Data: | Real estate, at cost | Total assets | Mortgages payable and capital lease obligations | Notes payable | Senior notes and debentures | Preferred shares | Shareholders’ equity-6 | Number of common shares outstanding |"}
{"_id": "d8d768298", "title": "", "text": "| Outstanding Options | Shares Available for Grant | Balance at September 29, 2007 | Restricted stock units granted | Options granted | Options cancelled | Restricted stock units cancelled | Options exercised | Plan shares expired | Balance at September 27, 2008 | Restricted stock units granted | Options granted | Options cancelled | Restricted stock units cancelled | Options exercised | Plan shares expired | Balance at September 26, 2009 | Additional shares authorized | Restricted stock units granted | Options granted | Options assumed | Options cancelled | Restricted stock units cancelled | Options exercised | Plan shares expired | Balance at September 25, 2010 | Exercisable at September 25, 2010 | Expected to vest after September 25, 2010 |"}
{"_id": "d899d9864", "title": "", "text": "Visa Indemnification Our payment services business issues and acquires credit and debit card transactions through Visa U. S. A.  Inc.  card association or its affiliates (Visa).\nIn October 2007, Visa completed a restructuring and issued shares of Visa Inc.  common stock to its financial institution members (Visa Reorganization) in contemplation of its initial public offering (IPO).\nAs part of the Visa Reorganization, we received our proportionate share of Class B Visa Inc.  common stock allocated to the U. S.  members.\nPrior to the IPO, the U. S.  members, which included PNC, were obligated to indemnify Visa for judgments and settlements related to certain specified litigation.\nAs a result of the acquisition of National City, we became party to judgment and loss sharing agreements with Visa and certain other banks.\nThe judgment and loss sharing agreements were designed to apportion financial responsibilities arising from any potential adverse judgment or negotiated settlements related to the specified litigation.\nIn September 2014, Visa funded $450 million into its litigation escrow account and reduced the conversion rate of Visa B to A shares.\nWe continue to have an obligation to indemnify Visa for judgments and settlements for the remaining specified litigation."}
{"_id": "d82cf69e0", "title": "", "text": "Consolidated gold sales are expected to increase to approximately 495,000 to 530,000 ounces in 2008 mainly due to the processing of higher grade material.\nCosts applicable to sales of approximately $485 to $520 per ounce is expected for 2008.\nThe expected increase is mainly due to higher fuel, power, contract services and consumable costs.\nDuring 2007, Newmont and other gold companies with production in Ghana, formed a consortium to import power generation equipment and constructed an 80 mega-watt power plant.\nThe plant was completed during the fourth quarter of 2007 and is being commissioned.\nAs a result of the mining industrys initiative to install the power plant, the Ghanaian government has agreed, if required to curtail power consumption as a result of power shortages, to distribute power proportionately between participating mines and other industrial and commercial customers."}
{"_id": "d8a28fc74", "title": "", "text": "Risk Management Activities As a part of our ongoing operations, we are exposed to market risks such as changes in interest and foreign currency exchange rates and commodity and equity prices.\nTo manage these risks, we may enter into various derivative transactions (e. g. , futures, options, and swaps) pursuant to our established policies.\nCommodity Price Risk Many commodities we use in the production and distribution of our products are exposed to market price risks.\nWe utilize derivatives to manage price risk for our principal ingredients and energy costs, including grains (oats, wheat, and corn), oils (principally soybean), dairy products, natural gas, and diesel fuel.\nOur primary objective when entering into these derivative contracts is to achieve certainty with regard to the future price of commodities purchased for use in our supply chain.\nWe manage our exposures through a combination of purchase orders, long-term contracts with suppliers, exchange-traded futures and options, and over-thecounter options and swaps.\nWe offset our exposures based on current and projected market conditions and generally seek to acquire the inputs at as close to our planned cost as possible.\nWe use derivatives to manage our exposure to changes in commodity prices.\nWe do not perform the assessments required to achieve hedge accounting for commodity derivative positions.\nAccordingly, the changes in the values of these derivatives are recorded currently in cost of sales in our Consolidated Statements of Earnings.\nAlthough we do not meet the criteria for cash flow hedge accounting, we believe that these instruments are effective in achieving our objective of providing certainty in the future price of commodities purchased for"}
{"_id": "d88c0715a", "title": "", "text": "| Decrease LifeBy 1 Year Increase Life By 1 Year | Merchant Gases | Electronics and Performance Materials |"}
{"_id": "d8e9d7a96", "title": "", "text": "SCHEDULE III Page 6 of 6 HOST HOTELS & RESORTS, INC. , AND SUBSIDIARIES HOST HOTELS & RESORTS, L. P. , AND SUBSIDIARIES REAL ESTATE AND ACCUMULATED DEPRECIATION December 31, 2018 (in millions)"}
{"_id": "d89821814", "title": "", "text": "| 2012 $84,715 | 2013 | 2014 | 2015 | 2016 | Thereafter | Total minimum lease payments | Less: Amount representing lease of the orbital location and estimated executory costs (primarily insurance and maintenance) including profit thereon, included in total minimum lease payments | Net minimum lease payments | Less: Amount representing interest | Present value of net minimum lease payments | Less: Current portion | Long-term portion of capital lease obligations |"}
{"_id": "d8b13a698", "title": "", "text": "| Year Ended December 31, | 2013 | (In millions) | Energy revenue | Capacity revenue | Retail revenue | Mark-to-market for economic hedging activities | Contract amortization | Other revenues | Eliminations | Total operating revenues |"}
{"_id": "d8e13459c", "title": "", "text": "| As of December 31, | 2014 | (In thousands) | Balance Sheet Data:-7 | Cash and cash equivalents (including restricted cash)(8) | Property and equipment, net | Total assets | Long-term obligations, including current portion | Total American Tower Corporation equity |"}
{"_id": "d8e285d1a", "title": "", "text": "| Pension SERP OPEB(a) | In Millions | 2009 | 2010 | 2011 | 2012 | 2013 | 2014-2018 | Years Ended December 31 | Coal | Gas | Oil | Weighted-average fuel cost |"}
{"_id": "d8d5a1392", "title": "", "text": "| Crude Oil, Condensate and Natural Gas Liquids Natural Gas | United   States | (Millions of barrels) | Production Sharing Contracts | Proved Reserves | At December 31, 2007 | At December 31, 2008 | At December 31, 2009 | Production | 2007 | 2008 | 2009 |"}
{"_id": "d8c2d5d94", "title": "", "text": "Entergy Louisiana, Inc.  Management's Financial Discussion and Analysis 203 statutory rate of 35.0% to the effective income tax rate.\nTax reserves not expected to reverse within the next year are reflected as non-current taxes accrued on the balance sheet.\nLiquidity and Capital Resources Cash Flow Cash flows for the years ended December 31, 2004, 2003, and 2002 were as follows:"}
{"_id": "d87ec1c7a", "title": "", "text": "| 2016 High Low Dividend | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | 2015 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d899c56de", "title": "", "text": "| Year Ended December 31, | 2017 | (in thousands) | Cost of revenue | Research and development | Sales and marketing | General and administrative | Total stock-based compensation |"}
{"_id": "d8a699432", "title": "", "text": "| At December 31, 2017 | Years to Maturity | $ in millions | Loans | AAA | AA | A | BBB | NIG | Unrated2 | Total loans | Lending commitments | AAA | AA | A | BBB | NIG | Unrated2 | Total lending | commitments | Total exposure | At December 31, 2016 | Years to Maturity | $ in millions | Loans | AAA | AA | A | BBB | NIG | Unrated2 | Total loans | Lending commitments | AAA | AA | A | BBB | NIG | Unrated2 | Total lending | commitments | Total exposure | $ in millions | Industry | Real estate | Financials1 | Information technology | Consumer discretionary | Industrials | Energy | Healthcare | Utilities | Consumer staples | Materials | Insurance | Telecommunications services | Other | Total |"}
{"_id": "d85e5ed3e", "title": "", "text": "Long-term debt maturing during each of the four years after 2018 is $683, $516, $299 and $500, respectively.\nTotal interest paid on all debt was approximately $192, $209 and $196 in 2017, 2016 and 2015, respectively.\nDuring the year, the Company repaid $250 of 5.125% notes that matured in December 2016.\nIn 2016, the Company repaid $250 of 4.75% notes that matured in October 2015.\nThe Company maintains a universal shelf registration statement on file with the SEC under which it can issue debt securities, preferred stock, common stock, warrants, share purchase contracts or share purchase units without a predetermined limit.\nSecurities can be sold in one or more separate offerings with the size, price and terms to be determined at the time of sale.\n(11) Retirement Plans Retirement plans expense includes the following components:"}
{"_id": "d89f12dbc", "title": "", "text": "| Years Ended December 31, | 2014 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d8ee34ab2", "title": "", "text": "| Year Ended December 31, | 2013 | (in thousands, except percentages and per share data) | Total revenue | Operating income | Operating profit margin | Net income | Earnings per share – diluted: | Diluted earnings per share | Weighted average shares – diluted |"}
{"_id": "d8cc44a06", "title": "", "text": "Threadneedle Equity Incentive Plan On an annual basis, certain key Threadneedle employees are eligible for awards under an equity incentive plan (EIP) based on a formula tied to Threadneedles financial performance.\nAwards under the EIP were first made in April 2009; prior awards were made under the equity participation plan (EPP).\nIn 2011, Threadneedles articles of incorporation were amended to create a new class of Threadneedle corporate units to be granted under a modified EIP plan.\nEmployees who held EIP units granted prior to 2011 were given the choice to exchange their existing units at the exchange date.\nEIP awards may be settled in cash or Threadneedle corporate units according to the awards terms.\nFor awards granted prior to 2011, the EIP provides for 100% vesting after three years, with a mandatory call after six years.\nFor converted units and awards granted after February 2011, the EIP provides for 100% vesting after two and a half years, with no mandatory call date.\nConverted units and units granted after February 2011 have dividend rights once fully vested.\nThe EPP provides for 50% vesting after three years and 50% vesting after four years, with required cash-out after five years.\nEIP and EPP awards are subject to forfeitures based on future service requirements.\nThe value of the awards is recognized as compensation expense evenly over the vesting periods.\nGenerally, the expense is based on the grant date fair value of the awards as determined by an annual independent valuation of Threadneedles fair market value; however, for awards accounted for as a liability the expense is adjusted to reflect Threadneedles current calculated value (the change in the value of the awards is recognized immediately for vested awards and over the remaining vesting period for unvested awards).\nDuring the years ended December 31, 2011, 2010 and 2009, cash settlements of EPP and EIP awards were $14 million, $18 million and $5 million, respectively.17."}
{"_id": "d812c0dbe", "title": "", "text": "Free Cash Flow We define free cash flow, which is not a measure determined in accordance with Generally Accepted Accounting Principles in the United States, as cash provided by operating activities less purchases of property and equipment plus proceeds from sales of property and equipment as presented in our Consolidated Statements of Cash Flows.\nOur free cash flow for the years ended December 31, 2005, 2004 and 2003 is calculated as follows (in millions):"}
{"_id": "d8dc2381e", "title": "", "text": "| December 31, (in millions)(a) 2005 2004 | Impaired loans with an allowance | Impaired loans without an allowance(b) | Total impaired loans | Allowance for impaired loans under SFAS 114(c) | Average balance of impaired loans during the year | Interest income recognized on impairedloans during the year |"}
{"_id": "d8b804e38", "title": "", "text": "incurred in renewing cable franchises are deferred and amortized over 10 years.0ther Noncurrent Assets Other noncurrent assets primarily indude deferred financing costs, govemmental securities, investments in equity securities and goodwill.\nCosts related to borrowings are deferred and amortized to interest expense ower the terms of the related borrowings.\nInvestments in equity securities are acounted for at cost, under the equity method of accounting or in accordance with SFAS No.115, Acounting.\nfir Certain Irvestments in Debt and Equity Secunities.\nCharter recognizes loses for any decline in value considered to be other than temporary.\nCertain market- able equity securities are classified as awailable-for-sale and reported at market value with unrealized gains and losses recorded as accumulated other comprehensive income or loss.\nThe following summarizes investment information as of December 31, 2006 and 2005 and for the years ended December 31, 2006, 2005 and 2004:"}
{"_id": "d87a4d2de", "title": "", "text": "Incurred losses were $131.5 million (12.5 points) higher at $706.3 million in 2010 compared to $574.8 million in 2009, primarily as a result of the $62.3 million (6.4 points) increase in current year attritional losses, reflective of current competitive market conditions, $28.5 million (2.5 points) increase in prior year attritional losses, and a $41.2 million (3.6 points) increase in catastrophe losses, largely due to the New Zealand earthquake and the Chilean earthquake.\nThe increase in prior years attritional losses was primarily driven by reserve strengthening in casualty lines for construction liability claims.\nIncurred losses were $223.4 million (26.0 points) lower at $574.8 million in 2009 compared to $798.2 million in 2008, primarily as a result of the $281.0 million (26.7 points) decrease in catastrophe losses due to the absence of current year catastrophes in 2009.\nThe prior years reserve development in 2009 primarily related to sub-prime liability exposures."}
{"_id": "d8735759c", "title": "", "text": "| Acquisition Form Operating Segment Date of Transaction | Die Company, Inc. | Welch Power Source, L.L.C. | Hendershot Tool Company | Grant Prideco, Inc. | NOV Fabtech | CKS | Bear Pump & Equipment, Ltd. | Kem-Tron Technologies, Inc. | Sakhalin Outfitters LLC | Mid-South Machine, Inc. |"}
{"_id": "d8b9aa378", "title": "", "text": "| (Stated in millions) | 2012 | Revenue | OILFIELD SERVICES | Reservoir Characterization | Drilling-1 | Production-1 | Eliminations & other-2 | 42,149 | Goodwill and intangible assets-3 | All other assets | Corporate-4 | Interest income-5 | Interest expense-6 | Charges & credits-7 | $42,149 |"}
{"_id": "d8c683626", "title": "", "text": "Productive wells are producing wells and wells mechanically capable of production.\nA gross well is a well in which a working interest is owned.\nThe number of gross wells is the total number of wells in which a working interest is owned.\nThe number of net wells is the sum of the fractional working interests owned in gross wells expressed as whole numbers and fractions thereof.\nWells with multiple completions are counted as one well in the table above.\nDeveloped and Undeveloped Acreage Developed and undeveloped acreage (including both leases and concessions) held at December 31, 2009 was as follows:"}
{"_id": "d8963555a", "title": "", "text": "Administrative fees, which increased $5.8 million to $353.9 million, are generally offset by related operating expenses that are incurred to provide services to the funds and their investors.\nOur largest expense, compensation and related costs, increased $18.4 million or 2.3% from 2007.\nThis increase includes $37.2 million in salaries resulting from an 8.4% increase in our average staff count and an increase of our associates base salaries at the beginning of the year.\nAt December 31, 2008, we employed 5,385 associates, up 6.0% from the end of 2007, primarily to add capabilities and support increased volume-related activities and other growth over the past few years.\nOver the course of 2008, we slowed the growth of our associate base from earlier plans and the prior year.\nWe also reduced our annual bonuses $27.6 million versus the 2007 year in response to unfavorable financial market conditions that negatively impacted our operating results.\nThe balance of the increase is attributable to higher employee benefits and employment-related expenses, including an increase of $5.7 million in stock-based compensation.\nAfter higher spending during the first quarter of 2008 versus 2007, investor sentiment in the uncertain and volatile market environment caused us to reduce advertising and promotion spending, which for the year was down $3.8 million from 2007.\nOccupancy and facility costs together with depreciation expense increased $18 million, or 12% compared to 2007.\nWe expanded and renovated our facilities in 2008 to accommodate the growth in our associates to meet business demands.\nOther operating expenses were up $3.3 million from 2007.\nWe increased our spending $9.8 million, primarily for professional fees and information and other third-party services.\nReductions in travel and charitable contributions partially offset these increases.\nOur non-operating investment activity resulted in a net loss of $52.3 million in 2008 as compared to a net gain of $80.4 million in 2007.\nThis change of $132.7 million is primarily attributable to losses recognized in 2008 on our investments in sponsored mutual funds, which resulted from declines in financial market values during the year."}
{"_id": "d8b804faa", "title": "", "text": "CHARTER COMMUNICATIONS, INC.  2005 FORM 10-K to hurricane Katrina and Rita impacted customers related to analog video customer base and increase the number of our service outages.\nWe have restored service to our impacted customers who purchase bundled services including high-speed customers.\nIncluded in the reduction in analog video customers Internet, digital video and telephone services, in addition to and reducing the increase in digital video and high-speed VOD, high-definition television and DVR services.\nIn addition, Internet customers are 26,800 analog video customers, 12,000 we intend to increase revenues by expanding marketing of our digital video customers and 600 high-speed Internet customers services to our commercial customers.\nsold in the cable system sales in Texas and West Virginia, Average monthly revenue per analog video customer which closed in July 2005.\nThe cable system sales to Atlantic increased from $68.02 for the year ended December 31, 2004 to Broadband Finance, LLC, which closed in March and April $73.68 for the year ended December 31, 2005 primarily as a 2004 and the cable system sales in Texas and West Virginia, result of price increases and incremental revenues from which closed in July 2005 (collectively referred to in this section advanced services.\nAverage monthly revenue per analog video as the Systems Sales) reduced the increase in revenues by customer represents total annual revenue, divided by twelve, approximately $38 million.\nOur goal is to increase revenues by divided by the average number of analog video customers improving customer service which we believe will stabilize our during the respective period.\nRevenues by service offering were as follows (dollars in millions"}
{"_id": "d8a255f1a", "title": "", "text": "| 2015 2014 | Notes with rates from 1.85% to 3.80%, due 2016 to 2045 | Notes with rates from 4.07% to 5.72%, due 2019 to 2046 | Notes with rates from 6.15% to 9.13%, due 2016 to 2036 | Other debt | Total long-term debt | Less: unamortized discounts and deferred financing costs | Total long-term debt, net |"}
{"_id": "d86089ba4", "title": "", "text": "| Table 35 Direct/Indirect State Concentrations | December 31 | Outstandings | (Dollars in millions) | California | Texas | Florida | New York | Georgia | Other U.S./Non-U.S. | Total direct/indirect loan portfolio |"}
{"_id": "d8259f430", "title": "", "text": "constitutes an event of default under our other debt instruments, including our senior notes, and, therefore, our senior notes would also be subject to acceleration of maturity.\nIf such acceleration were to occur, we would not have sufficient liquidity available to repay the indebtedness.\nWe would likely have to seek an amendment under our Credit Facilities for relief from the financial covenants or repay the debt with proceeds from the issuance of new debt or equity, or asset sales, if necessary.\nWe may be unable to amend our Credit Facilities or raise sufficient capital to repay such obligations in the event the maturities are accelerated."}
{"_id": "d88940b74", "title": "", "text": "| (in millions) 2007 2006 | Future policy benefits: | Long duration contracts | Short duration contracts | Total | Policyholders’ contract deposits: | Annuities | Guaranteed investment contracts | Universal life products | Variable products | Corporate life products | Other investment contracts | Total |"}
{"_id": "d8b1dbec6", "title": "", "text": "| December 31, 2013 December 31, 2012 | Amount | (dollars in millions) | Total capital (to RWAs): | MSBNA-1 | MSPBNA | Tier 1 capital (to RWAs): | MSBNA-1 | MSPBNA | Tier 1 leverage: | MSBNA | MSPBNA |"}
{"_id": "d8e14a0fe", "title": "", "text": "News America Marketing Revenues at News America Marketing were $1,012 million for the fiscal year ended June 30, 2016, a decrease of $63 million, or 6%, as compared to fiscal 2015 revenues of $1,075 million.\nThe decrease was primarily due to decreased revenues for free-standing insert products of $98 million, partially offset by increased in-store product revenues of $18 million."}
{"_id": "d8e075dae", "title": "", "text": "Operating Activities Operating cash flow for the year ended December 31, 2012 resulted primarily from the net loss adjusted for non-cash items, principally gains and losses on sales and disposals and impairment charges, depreciation and amortization and deferred income taxes, partially offset by a net use of cash for operating activities of $68 million in operating assets and liabilities.\nOther assets increased $589 million primarily due to an increase in noncurrent regulatory assets at Eletropaulo, resulting from higher priced energy purchases, regulatory charges and transmission costs which are recoverable through future tariff and the establishment of a noncurrent note receivable at Cartagena in Spain following the arbitration settlement, prior to its deconsolidation.\nAccounts receivable increased $241 million primarily due to lower collections at Eletropaulo and Andres as well as an increase in revenue at Sul and Kelanitissa.\nNet income tax payables decreased $47 million primarily from payments of income taxes exceeding accruals for new current tax liabilities.\nThese uses of operating cash flows were offset by an increase of $335 million in other liabilities primarily due to an increase in noncurrent regulatory liabilities at Eletropaulo related to the tariff reset.\nAccounts payable and other current liabilities increased $330 million primarily due to an increase in current regulatory liabilities at Eletropaulo driven by the tariff reset, offset by a decrease in other current liabilities arising from value added tax payments.\nPrepaid expenses and other current assets provided $120 million primarily due to the recovery of value added taxes at our construction projects in Chile.\nNet cash provided by operating activities was $2.9 billion for the year ended December 31, 2011.\nOperating cash flow resulted primarily from net income adjusted for non-cash items, principally depreciation and amortization, contingencies, deferred income taxes, losses on the extinguishment of debt, gains and losses on sales and disposals and impairment charges as well as a net favorable change of $52 million in operating assets and liabilities.\nOther liabilities increased $351 million primarily due to an increase in noncurrent regulatory liabilities at Eletropaulo and Sul as the result of lower prices paid for energy purchases compared with the charges recovered through the tariff.\nAccounts payable and other current liabilities increased $322 million primarily driven by an increase in current regulatory liabilities at Eletropaulo driven by the tariff reset, partially offset by the amount returned to consumers for regulatory liabilities and VAT on commercial losses reversal, as well as an increase in accrued interest on recourse debt at the Parent Company.\nIncome tax payables, net increased $166 million primarily due to accruals for new current tax liabilities offset by payments of income taxes.\nThese favorable changes were partially offset by increases of $403 million in other assets, $236 million in accounts receivable and $141 million in inventory.\nThe increase in other assets was mainly explained by an increase in noncurrent regulatory assets at Eletropaulo, resulting from higher priced energy purchases, transmission costs and regulatory charges compared with charges recovered through the tariff.\nThe increase in accounts receivable was primarily due to an increase in amounts billed at several businesses including Eletropaulo and new plants at Maritza and Angamos.\nThe increase in inventory was primarily driven by higher coal purchases at Gener as well as increased inventory at Angamos as it started operations in 2011.\nNet cash provided by operating activities was $3.5 billion for the year ended December 31, 2010.\nOperating cash flow resulted primarily from net income adjusted for non-cash items, principally depreciation and"}
{"_id": "d87f0c2de", "title": "", "text": "| December 31,2015 September 30,2015 December 31,2014 | Transportation and industrial | Consumer retail and health | Technology, media and telecom | Energy | Power, chemicals, commodities and metals and mining | Public sector | Insurance and special purpose entities | Banks/broker-dealers | Other industries | Total |"}
{"_id": "d867e9bb0", "title": "", "text": "Pension Plan Contributions We make both required and discretionary contributions to our defined benefit pension plans.\nOur policy is to fund our qualified defined benefit pension plans at least to the minimum amounts required under U. S.  Government regulations.\n17.\nEMPLOYEE PENSION AND OTHER POSTRETIREMENT BENEFITS The Company provides eligible employees defined benefit pension plans and postretirement benefit plans.\nNoncollectively bargained defined benefit pension benefits accruing under the traditional years of service and compensation formula were amended in 2009 to freeze future service accruals and have been replaced with a cash balance benefit for all current non-collectively bargained employees.\nExcept for the major collectively bargained plan at Ingalls, the Company's qualified defined benefit pension plans are frozen to new entrants.\nThe Company's policy is to fund its qualified defined benefit pension plans at least to the minimum amounts required under U. S.  Government regulations.\nPlan obligations are measured based on the present value of projected future benefit payments to participants for services rendered to date.\nThe measurement of projected future benefits is dependent on the terms of each individual plan, demographics, and valuation assumptions.\nNo assumption is made regarding any potential changes to the benefit provisions beyond those to which the Company is currently committed, for example under existing collective bargaining agreements.\nThe Company also sponsors 401(k) defined contribution pension plans in which most employees, including certain hourly employees, are eligible to participate.\nCompany contributions for most defined contribution pension plans are based on the matching of employee contributions up to 4% of eligible compensation.\nCertain hourly employees are covered under a target benefit plan.\nIn addition to the 401(k) defined contribution pension benefit formula, noncollectively bargained employees hired after June 30, 2008, are eligible to participate in a defined contribution benefit program in lieu of a defined benefit pension plan.\nThe Company's contributions to the qualified defined contribution pension plans for the years ended December 31, 2018, 2017, and 2016, were $102 million, $78 million, and $71 million, respectively.\nThe Company also sponsors defined benefit and defined contribution pension plans to provide benefits in excess of the tax-qualified limits.\nThe liabilities related to these plans as of December 31, 2018, were $183 million and $30 million, respectively, and as of December 31, 2017, were $182 million and $32 million, respectively.\nAssets, primarily in the form of Level 1 marketable securities held in grantor trusts, are intended to fund certain of these obligations.\nThe trusts fair values supporting these liabilities as of December 31, 2018 and 2017, were $109 million and $94 million, respectively, of which $78 million and $61 million, respectively, were related to the non-qualified defined benefit pension plans.\nThe Company provides contributory postretirement health care and life insurance benefits to a dominantly closed group of eligible employees, retirees, and their qualifying dependents.\nCovered employees achieve eligibility to participate in these contributory plans upon retirement from active service if they meet specified age, years of service, and grandfathered requirements.\nBenefits are not guaranteed, and the Company reserves the right to amend or terminate coverage at any time.\nThe Company's contributions for retiree health care benefits are subject to caps, which limit Company contributions when spending thresholds are reached.\nThe measurement date for all of the Company's retirement related plans is December 31.\nThe costs of the Company's defined benefit pension plans and other postretirement benefit plans for the years ended December 31, 2018, 2017, and 2016, were as follows:"}
{"_id": "d8f40b47c", "title": "", "text": "| (Dollars in millions, except per share amounts) Fiscal2018 Fiscal2017 Fiscal2016 2018-2017% Change 2017-2016% Change | Total net revenue | Operating income from continuing operations | Net income from continuing operations | Diluted net income per share from continuing operations |"}
{"_id": "d8a41d0a0", "title": "", "text": "| Year Ended September 30, | 2010 | ($ in 000's) | Revenues: | Investment Advisory Fees | Other | Total Revenues | Expenses: | Admin & Incentive Comp and Benefit Costs | Communications and Information Processing | Occupancy and Equipment | Business Development | Investment Advisory Fees | Other | Total Expenses | Income Before Taxes And Including Noncontrolling Interests | Noncontrolling Interests | Pre-tax Income Excluding Noncontrolling Interests | September 30, 2016 | Range | Default rate | Loss severity | Prepayment rate |"}
{"_id": "d8b4f55d0", "title": "", "text": "| 2011 2012 2013 2014 2015 Thereafter Total | Recorded Obligations: | Expected environmental liabilities(a) | Capping, closure and post-closure | Environmental remediation | 148 | Debt payments(b),(c),(d) | Unrecorded Obligations:(e) | Non-cancelable operating lease obligations | Estimated unconditional purchase obligations(f) | Anticipated liquidity impact as of December 31, 2010 |"}
{"_id": "d86cacad0", "title": "", "text": "| Year Amortization Amount  (In millions) | 2015 | 2016 | 2017 | 2018 | 2019 |"}
{"_id": "d8c12784e", "title": "", "text": "| (Dollars in millions) Total Lessthan 1year 1-3years 3-5years After 5years | Long-term debt (including current portion) | Interest on debt-1 | Pension and other postretirement cash requirements | Capital lease obligations | Operating lease obligations | Purchase obligations not recorded on the Consolidated Statements of Financial Position | Purchase obligations recorded on the Consolidated Statements of Financial Position | Total contractual obligations-2 | MaximumPotentialPayments | December 31, | Contingent repurchase commitments | Indemnifications to ULA: | Contributed Delta program launch inventory | Contract pricing | Other Delta contracts | Other indemnifications | Credit guarantees |"}
{"_id": "d8ef90550", "title": "", "text": "Financial Instruments Cash Equivalents and Marketable Securities All highly liquid investments with maturities of three months or less at the date of purchase are classified as cash equivalents.\nThe Companys debt and marketable equity securities have been classified and accounted for as available-for-sale.\nManagement determines the appropriate classification of its investments in debt securities at the time of purchase and reevaluates the available-for-sale designations as of each balance sheet date.\nThe Company classifies its marketable debt securities as either short-term or long-term based on each instruments underlying contractual maturity date.\nMarketable securities with maturities of less than 12 months are classified as short-term and marketable securities with maturities greater than 12 months are classified as long-term.\nThese securities are carried at fair value, with the unrealized gains and losses, net of taxes, reported as a component of shareholders equity.\nThe cost of securities sold is based upon the specific identification method.\nDerivative Financial Instruments The Company accounts for its derivative instruments as either assets or liabilities and carries them at fair value.\nDerivatives that are not defined as hedges must be adjusted to fair value through earnings.\nFor derivative instruments that hedge the exposure to variability in expected future cash flows that are designated as cash flow hedges, the effective portion of the gain or loss on the derivative instrument is reported as a component of accumulated other comprehensive income in shareholders equity and reclassified into earnings in the same period or periods during which the hedged transaction affects earnings.\nThe ineffective portion of the gain or loss on the derivative instrument is recognized in current earnings.\nTo receive hedge accounting treatment, cash flow hedges must be highly effective in offsetting changes to expected future cash flows on hedged transactions.\nFor options designated as cash flow hedges, changes in the time value are excluded from the assessment of hedge effectiveness and are recognized in earnings.\nFor derivative instruments that hedge the exposure to changes in the fair value of an asset or a liability and that are designated as fair value hedges, the net gain or loss on the derivative instrument as well as the offsetting gain or loss on the hedged item attributable to\nManagements Discussion and Analysis of Results of Operations and Financial Condition (continued) (approximately $7 million).\nIn 2007, the increase reflected an estimated $510 million in sales from the Paxar acquisition and the favorable impact of foreign currency translation (approximately $17 million).\nOn an organic basis, sales declined 6% in 2008 reflecting continued weakness in the domestic retail apparel markets and weakness experienced in the European retail markets.\nOrganic sales growth of approxiately 1% in 2007 reflected increased sales for the European retail market, partially offset by a decline in orders related to apparel shipped to North American retailers and brand owners.\nOperating Income Increased operating income in 2008 reflected higher sales, incremental synergies and lower transition costs related to the Paxar integration, and savings from restructuring and productivity improvement initiatives, partially offset by raw material and other cost inflation, and incremental amortization of acquisition intangibles.\nOperating loss in 2007 reflected transition costs and integrationrelated asset impairment charges associated with the Paxar acquisition, amortization of acquisition intangibles and higher expenses due to investments for growth in Asia, including higher employee-related costs.\nHigher operating costs were partially offset by higher sales and savings from restructuring and productivity improvement initiatives.\nRestructuring costs, asset impairment and lease cancellation charges were incurred in all three years."}
{"_id": "d892616f4", "title": "", "text": "| Beginning of year 728 | Revisions of previous estimates | Improved recovery | Purchases of reserves in place | Extensions, discoveries, and other additions | Dispositions | Transfers to proved developed | End of year |"}
{"_id": "d82a77ab6", "title": "", "text": "| As of December 31, 2017 (In percentages) | InfraServ GmbH & Co. Gendorf KG-1 | InfraServ GmbH & Co. Hoechst KG | InfraServ GmbH & Co. Knapsack KG-1 | September 30, 2009 | Balance% | ($ in 000’s) | Commercial | Loans | Real Estate | Construction | Loans | Commercial | Real Estate | Loans -1 | Residential | Mortgage | Loans | Consumer | Loans | Total Loans | Net Unearned | Income and | Deferred | Expenses -2 | Allowance for | Loan Losses | -187,262 | Loans, Net |"}
{"_id": "d8f62a0f0", "title": "", "text": "Sale of India Operations In December 2009 we and SAIC Motor Hong Kong Investment Limited (SAIC-HK) entered into a joint venture, SAIC GM Investment Limited (HKJV) to invest in automotive projects outside of markets in China, initially focusing on markets in India.\nOn February 1, 2010 we sold certain of our operations in India (GM India), part of our GMIO segment to HKJV, in exchange for a promissory note due in 2013.\nThe amount due under the promissory note may be partially reduced, or increased, based on GM India’s cumulative earnings before interest and taxes for the three year period ending December 31, 2012.\nIn connection with the sale we recorded net consideration of $185 million and an insignificant gain.\nThe sale transaction resulted in a loss of control and the deconsolidation of GM India on February 1, 2010.\nAccordingly, we removed the assets and liabilities of GM India from our consolidated financial statements and recorded an equity interest in HKJV to reflect cash of $50 million we contributed to HKJV and a $123 million commitment to provide additional capital that we are required to make in accordance with the terms of the joint venture agreement.\nWe have recorded a corresponding liability to reflect our obligation to provide additional capital."}
{"_id": "d8f6c9f60", "title": "", "text": "| Pension plans-1 Postretirement benefit plans-1 | U.S. plans-2 | In millions of dollars | Contributions made by the Company | Benefits paid directly by the Company |"}
{"_id": "d884a155a", "title": "", "text": "Non-Legacy Portfolio As previously discussed, LAS is responsible for all of our servicing activities.\nThe table below summarizes the balances of the residential mortgage loans that are not included in the Legacy Serviced Portfolio (the Non-Legacy Residential Mortgage Serviced Portfolio) representing 76 percent, 76 percent and 72 percent of the total residential mortgage serviced portfolio, as measured by unpaid principal balance, at December 31, 2015, 2014 and 2013, respectively.\nThe decline in the Non-Legacy Residential Mortgage Serviced Portfolio was primarily due to paydowns and payoffs, partially offset by new originations."}
{"_id": "d8ddc6a9a", "title": "", "text": "| For the Years Ended December 31, | 2012 | (In thousands) | Adjusted EBITDA | Interest expense, net | Income tax (provision) benefit, net | Depreciation and amortization | Income (loss) from continuing operations attributable to DISH Network | Plus: Income (loss) from discontinued operations, net of tax | Net income (loss) attributable to DISH Network |"}
{"_id": "d86a58ad6", "title": "", "text": "| (in thousands) | Cash paid | Acquisition-related costs | Total purchase price |"}
{"_id": "d8749dc30", "title": "", "text": "The Virginia-class submarine includes capabilities for open-ocean and littoral missions.\nThese stealthy boats are well-suited for a variety of global assignments, including intelligence gathering, special-operations missions and sea-based missile launch.\nThe Virginia-class program includes 30 submarines, which the customer is procuring in multi-ship blocks.\nThe group has delivered nine of 18 boats under contract in conjunction with an industry partner that shares in the construction of these vessels.\nThe remaining nine boats under contract extend deliveries through 2018.\nWe have submitted a proposal for the next block of submarines under the program expected to be awarded near the end of 2013.\nWe are the lead designer and producer of DDG-51s, the only active destroyer in the Navy’s global surface fleet, managing the design, modernization and lifecycle support of these ships.\nDDG-51s are multi-mission combatants that offer defense against a wide range of threats, including ballistic missiles.\nIn 2012, we delivered the final DDG-51 ship under the prior multi-ship contract.\nIn connection with the Navy’s restart of the DDG-51 program, we have been awarded construction contracts for two destroyers.\nDelivery of these ships is scheduled for 2016 and 2017.\nWe have submitted a competitive bid for a multi-ship construction contract that is expected to be awarded in the first half of 2013.\nThe group is also currently building the three ships planned under the DDG-1000 destroyer program, the Navy’s next-generation, guided-missile naval destroyer.\nThese ships are equipped with numerous advanced technology and survivability systems, including a low radar profile, an integrated power system and advanced gun systems that provide a three-fold increase in range over current naval surface weapons.\nConstruction and delivery of the destroyer requires integration of components manufactured by others and supplied as government-furnished material.\nDeliveries of the ships are scheduled for 2015, 2016 and 2018.\nThe group’s MLP auxiliary support ship serves as a floating transfer station, improving the Navy’s ability to deliver equipment and cargo to areas without adequate port access.\nIn 2012, the group was awarded a construction contract for the third ship in the program.\nConstruction of the first two ships is underway, with delivery of one ship per year beginning in 2013.\nThe Navy’s long-term shipbuilding plan includes procurement of a fourth ship in 2014.\nIn 2012, the group delivered the final ship under the 14-ship T-AKE program, marking the completion of a shipbuilding program that spanned more than a decade.\nT-AKE ships support multiple missions for the Navy and incorporate marine technologies and commercial ship-design features to minimize operating and maintenance costs over the ships’ service life.\nThroughout the course of the program, the group reduced the hours required to build a single ship by nearly 80 percent.\nWe are also developing new technologies and naval platforms.\nThese design and engineering efforts include initial concept studies for the development of the next-generation ballistic-missile submarine, which is expected to replace the Ohio class of ballistic missile submarines.\nWe received an award in the fourth quarter of 2012 for the design of the submarine.\nIn conjunction with these efforts, the group is participating in the design of the Common Missile Compartment under joint development for the U. S. Navy and the U. K. Royal Navy.\nIn addition to these design and construction programs, Marine Systems provides comprehensive ship and submarine overhaul, repair and lifecycle support services to extend the service life and maximize the value of these ships to the customer.\nWe operate the only full-service maintenance and repair shipyard on the West Coast.\nWith the recent acquisition of two repair operations, we have extended the reach of our surface-ship repair capabilities in several major Navy ports on the East Coast.\nWe also provide extensive submarine repair services in a variety of U. S. locations.\nRecently, we were awarded a contract for advance planning and preliminary execution of restoration efforts on USS Miami, which was badly damaged in a fire.\nWe also provide allied navies with program management, planning, engineering and design support for submarine and surface-ship construction programs.\nIn addition, we are a leading operator of ships for the U. S. Military Sealift Command and commercial customers.\nMarine Systems has the proven capability to design and produce ships for commercial customers to meet the Jones Act requirement that ships carrying cargo between U. S. ports be built in U. S. shipyards.\nIn the fourth quarter of 2012, we were awarded a contract for the construction of two liquefied natural gas (LNG)-powered containerships.\nConstruction is scheduled to begin in 2014 with deliveries in 2015 and 2016.\nWhen complete, the containerships are expected to be the largest ships of any type in the world primarily powered by LNG.\nWe anticipate that the age of the Jones Act fleet and environmental regulations that require double-hull tankers and impose emission control limits will provide additional commercial shipbuilding opportunities.\nTo further the group’s goals of efficiency, technological innovation, affordability for the customer and continuous improvement, we make strategic investments in our business, often in cooperation with the Navy and local governments.\nIn addition, Marine Systems leverages its design and engineering expertise across its shipyards to improve program execution and generate cost savings.\nThis knowledge-sharing enables the group to use resources more efficiently and drive process improvements.\nWe are well-positioned to continue to fulfill the ship-construction and support requirements of our Navy and commercial customers."}
{"_id": "d8936564a", "title": "", "text": "| Successor Predecessor | YearEnded December 31, 2010 | Cash flows from investing activities | Expenditures for property | Available-for-sale marketable securities, acquisitions | Trading marketable securities, acquisitions | Available-for-sale marketable securities, liquidations | Trading marketable securities, liquidations | Acquisition of companies, net of cash acquired other than cash acquired with GM Financial | Increase due to consolidation of business units | Distributions from (investments in) Ally Financial | Operating leases, liquidations | Proceeds from sale of business units/equity investments, net | Proceeds from sale of real estate, plants and equipment | Change in notes receivable | Increase in restricted cash and marketable securities | Decrease in restricted cash and marketable securities | Other investing activities | Net cash provided by (used in) investing activities–Automotive | GM Financial cash on hand at acquisition | Purchase of receivables | Principal collections and recoveries on receivables | Other investing activities | Net cash provided by (used in) investing activities–GM Financial | Net cash provided by (used in) investing activities | Cash flows from financing activities | Net decrease in short-term debt | Proceeds from issuance of debt (original maturities greater than three months) | Payments on debt (original maturities greater than three months) | Proceeds from issuance of stock | Payments to purchase stock | Cash, cash equivalents and restricted cash retained by MLC | Payments to acquire noncontrolling interest | Debt issuance costs and fees paid for debt modification | Cash dividends paid (including premium paid on redemption of stock) | Net cash provided by (used in) financing activities–Automotive | Net change in credit facilities | Issuance of debt | Payments of debt | Other financing activities | Net cash provided by (used in) financing activities–GM Financial | Net cash provided by (used in) financing activities | Effect of exchange rate changes on cash and cash equivalents–Automotive | Net increase (decrease) in cash and cash equivalents–Automotive | Net increase (decrease) in cash and cash equivalents–GM Financial | Cash and cash equivalents reclassified as assets held for sale–Automotive | Cash and cash equivalents at beginning of period–Automotive | Cash and cash equivalents at end of period–Automotive | Cash and cash equivalents at end of period–GM Financial | Successor | December 31,  2010 | Assets | Accounts and notes receivable, net (a) | Restricted cash and marketable securities (b) | Other assets (c) | Liabilities | Accounts payable (d) | Short-term debt and current portion of long-term debt (e) | Accrued liabilities and other liabilities (f) | Long-term debt (g) | Other non-current liabilities (h) |"}
{"_id": "d8bea8f64", "title": "", "text": "| December 31, 2018 December 31, 2017 | PFIExcludingClosed BlockDivision | ($ in millions) | Securities sold under agreements to repurchase | Cash collateral for loaned securities | Securities sold but not yet purchased | Total-1 | Portion of above securities that may be returned to the Company overnight requiring immediate return of the cash collateral | Weighted average maturity, in days-2 |"}
{"_id": "d8cdc7234", "title": "", "text": "| In millions Dec. 312012 Dec. 312011 | Other real estate owned (OREO): | Residential properties | Residential development properties | Commercial properties | Total OREO | Foreclosed and other assets | Total OREO and foreclosed assets |"}
{"_id": "d85ed269e", "title": "", "text": "MetLife, Inc.  Notes to the Consolidated Financial Statements — (Continued) provides that American Life’s foreign branches will not be required to withhold U. S.  income tax on the income portion of payments made pursuant to American Life’s life insurance and annuity contracts (“Covered Payments”) for any tax periods beginning on January 1, 2005 and ending on December 31, 2013 (the “Deferral Period”).\nThe Closing Agreement required that American Life submit a plan to the IRS within 90 days after the close of the Acquisition, indicating the steps American Life would take (on a country by country basis) to ensure that no substantial amount of U. S.  withholding tax will arise from Covered Payments made by American Life’s foreign branches to foreign customers after the Deferral Period.\nSuch plan, which was submitted to the IRS on January 29, 2011, involves the transfer of businesses from certain of the foreign branches of American Life to one or more existing or newly-formed subsidiaries of MetLife, Inc.  or American Life.\nA liability of $277 million was recognized in purchase accounting as of the Acquisition Date for the anticipated and estimated costs associated with restructuring American Life’s foreign branches into subsidiaries in connection with the Closing Agreement.\nSee Notes 7, 15 and 19 for additional information related to the Acquisition."}
{"_id": "d8292c490", "title": "", "text": "| At December 31, 2008 Range of U.S. Dollar   Carrying Value  (Dollars in millions) | Range of Maturities | 2009-2035 | 2009-2047 | 2009-2023 | 2009-2015 | 2009-2015 | 2009-2012 | Total |"}
{"_id": "d8bb3cd3a", "title": "", "text": "| Change | 2013 | (in millions) | IBNR -1 | Reported claims in process -2 | Military services benefits payable -3 | Other benefits payable -4 | Total benefits payable | Payables from acquisition | Change in benefits payable per cash flow statement resulting in cash from operations |"}
{"_id": "d8f0a7358", "title": "", "text": "Goodwill and Intangible Assets The purchase price of an acquired company is allocated between intangible assets and the net tangible assets of the acquired business with the residual of the purchase price recorded as goodwill.\nThe determination of the value of the intangible assets acquired involves certain judgments and estimates.\nThese judgments can include, but are not limited to, the cash flows that an asset is expected to generate in the future and the appropriate weighted average cost of capital.\nAt December 31, 2015, our goodwill totaled $4.5 billion and our identifiable intangible assets, net totaled $90 million.\nWe assess the impairment of goodwill of our reporting units annually, or more often if events or changes in circumstances indicate that the carrying value may not be recoverable.\nGoodwill is tested for impairment at the reporting unit level by first performing a qualitative assessment to determine whether it is more likely than not that the fair value of the reporting unit is less than its carrying value.\nIf the reporting unit does not pass the qualitative assessment, then the reporting units carrying value is compared to its fair value.\nThe fair values of the reporting units are estimated using market and discounted cash flow approaches.\nGoodwill is considered impaired if the carrying value of the reporting unit exceeds its fair value.\nThe discounted cash flow approach uses expected future operating results.\nThe market approach uses comparable company information to determine revenue and earnings multiples to value our reporting units.\nFailure to achieve these expected results or market multiples may cause a future impairment of goodwill at the reporting unit.\nWe conducted our annual impairment test of goodwill as of August 31, 2015 and 2014.\nAdditionally, we evaluated impairment based on the significant activities regarding the Distribution and Enterprise divestiture during the year.\nSee Note 4  Discontinued Operations to the consolidated financial statements included in this report for further detail.\nAs of December 31, 2015, we determined that no further impairment of the carrying value of goodwill for any reporting nits was required.\nSee Note 5  Goodwill and Intangible Assets to the consolidated financial statements included in this report."}
{"_id": "d8c6a6ea0", "title": "", "text": "| Asset retirement liability as of September 25, 2004 $8.2 | Additional asset retirement obligations recognized | Accretion recognized | Asset retirement liability as of September 24, 2005 | Additional asset retirement obligations recognized | Accretion recognized | Asset retirement liability as of September 30, 2006 |"}
{"_id": "d828efd56", "title": "", "text": "respect to foreign exchange) and the acquired Currenex business (with respect to brokerage and other) for a full year.\nBrokerage and other trading revenue increased 10% from 2007 to 2008, due to higher revenues from electronic trading, both from the acquired Currenex business and from our Global Link product, as well as an increase in brokerage revenue, principally transition management and equity trading.\nSecurities finance revenue for 2008 was up 81% compared to 2007, primarily as a result of wider credit spreads across all lending programs.\nSpreads benefited from the Federal Reserves aggregate 400-basis-point reduction in the federal funds rate during 2008, as well as from the continued disruption of the global fixed-income securities markets.\nThe increases were offset partially by a decline in lending volumes.\nThe 11% increase in servicing fees was the result of the inclusion of servicing fee revenue from the acquired Investor Financial business for a full year, the impact of new business on 2008 revenue and higher transaction volumes.\nApproximately 41% of our servicing fees were derived from non-U.\nS.  customers in each of 2008 and 2007.\nManagement fees decreased 10% from 2007 to 2008, $1.14 billion to $1.03 billion respectively, primarily from the impact of declines in average month-end equity market valuations and performance fees.\nApproximately 40% of our management fees were derived from customers outside the U. S.  in 2008, down from 41% for 2007.\nAssets under management decreased to $1.44 trillion at December 31, 2008, down $535 billion from $1.98 trillion a year earlier, as we experienced a net loss of business and, more significantly, market depreciation.\nThe increase in net interest revenue was the result of several favorable trends.\nInterest-earning assets and related net interest revenue from the acquired Investors Financial business and widening spreads on fixed-rate and tax-exempt investment securities were the primary reasons for the growth.\nIn addition, transaction deposit volume increased, particularly with respect to non-U.\nS.  deposits."}
{"_id": "d86a58be4", "title": "", "text": "| (in thousands) | Cash paid | Prior investment in Virtio | Acquisition-related costs | Total purchase price |"}
{"_id": "d8af9d9de", "title": "", "text": "Entergy Corporation and Subsidiaries Notes to Financial Statements (a) Consists of pollution control revenue bonds and environmental revenue bonds, some of which are secured by collateral mortgage bonds.\n(b) Pursuant to the Nuclear Waste Policy Act of 1982, Entergys nuclear owner/licensee subsidiaries have contracts with the DOE for spent nuclear fuel disposal service. ?\n?The contracts include a one-time fee for generation prior to April 7, 1983. ?\n?Entergy Arkansas is the only Entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee, plus accrued interest, in long-term debt.\n(c) See Note 10 to the financial statements for further discussion of the Waterford 3 lease obligation and Entergy Louisianas acquisition of the equity participants beneficial interest in the Waterford 3 leased assets and for further discussion of the Grand Gulf lease obligation.\n(d) This note did not have a stated interest rate, but had an implicit interest rate of 7.458%.\n(e) The fair value excludes lease obligations of $34 million at System Energy and long-term DOE obligations of $183 million at Entergy Arkansas, and includes debt due within one year. ?\n?Fair values are classified as Level 2 in the fair value hierarchy discussed in Note 15 to the financial statements and are based on prices derived from inputs such as benchmark yields and reported trades.\nThe annual long-term debt maturities (excluding lease obligations and long-term DOE obligations) for debt outstanding as of December?31, 2017, for the next five years are as follows:"}
{"_id": "d86d4d87c", "title": "", "text": "| Defined benefit pension plans OPEB plan(c) | Asset | December 31, | Asset class | Debt securities(a) | Equity securities | Real estate | Alternatives(b) | Total | Defined benefit pension plans | 2017 | December 31,(in millions) | Cash and cash equivalents | Equity securities | Mutual funds | Common/collective trust funds(a) | Limited partnerships(b) | Corporate debt securities(c) | U.S. federal, state, local and non-U.S. government debt securities | Mortgage-backed securities | Derivative receivables | Other(d) | Total assets measured at fair value(e) | Derivative payables | Total liabilities measured at fair value(e) |"}
{"_id": "d8ccb97de", "title": "", "text": "| Suspended Since | Total | (millions) | Project | Blocks O and I (West Africa) | Gunflint (Deepwater Gulf of Mexico) | Redrock (Deepwater Gulf of Mexico) | Flyndre (North Sea) | Selkirk (North Sea) | Total Exploratory Well Costs Capitalized for a Period Greater Than One Year After Completion of Drilling |"}
{"_id": "d886f7fb6", "title": "", "text": "Under certain circumstances, this rule could limit the ability of Bancshares to withdraw capital from Alliant Partners and limit the ability of Silicon Valley Bank to withdraw capital from SVB Securities.\nAs broker-dealers, Alliant Partners and SVB Securities are also subject to other regulations covering the operations of their respective businesses, including sales and trading practices; use of client funds and securities; and conduct of directors, officers, and employees.\nBrokerdealers are also subject to regulation by state securities administrators in the states where they do business.\nViolations of the stringent regulations governing the actions of a broker-dealer can result in the revocation of broker-dealer licenses; the imposition of censures or fines; the issuance of cease and desist orders; and the suspension or expulsion from the securities business of a firm, its officers, or its employees.\nThe SEC and the national securities exchanges, in particular, emphasize the need for supervision and control by broker-dealers of their employees.\nAvailable Information Our Internet address is http://www.\nsvb.\ncom.\nWe make available free of charge through our Internet website our annual report on Form 10- K, quarterly reports on Form 10-Q, current reports on Form 8-K, and amendments to those reports filed or furnished pursuant to Section 13 (a) or 15(d) of the Exchange Act as soon as reasonably practicable after such material is electronically filed with or furnished to the SEC.\nBancshares was incorporated in Delaware in 1999.\nITEM 2.\nPROPERTIES Our corporate headquarters are located at 3003 Tasman Drive, Santa Clara, California in three buildings, approximating 215,000 square feet in total.\nThe leases related to our corporate headquarter facilities in Santa Clara expire in May 2005.\nIn 2002, we exited leased premises, located in Santa Clara, California, approximating 18,000 square feet.\nThe lease on the building will expire in August 2005.\nOur management determined that the premises would have no future economic value to our operations, except for any potential future sub-lease arrangement.\nTherefore, during 2002, we incurred charge-offs of approximately $2.5 million related to the exit of these premises.\nWe currently operate 26 regional offices.\nWe operate throughout the Silicon Valley with offices in Fremont, Santa Clara, Palo Alto, and on Sand Hill Road, which is the center of the venture capital community in California.\nOther regional offices in California include: Irvine, Los Angeles, Napa Valley, San Diego, San Francisco, Santa Barbara, and Sonoma.\nOffice locations outside of California include: Phoenix, Arizona; Boulder, Colorado; Atlanta, Georgia; Chicago, Illinois; Boston, Massachusetts; Minneapolis, Minnesota; New York, New York; Durham, North Carolina; Portland, Oregon; Philadelphia, Pennsylvania; Austin, Texas; Dallas, Texas; Northern Virginia; and Seattle, Washington.\nAll of our properties are occupied under leases, which expire at various dates through 2011, and in most instances include options to renew or extend at market rates and terms.\nWe also own leasehold improvements, equipment, furniture, and fixtures at our offices, all of which are used in our business activities.\nITEM 3.\nLEGAL PROCEEDINGS There were no legal proceedings requiring disclosure pursuant to this item pending at December 31, 2003, or at the date of this report.\nITEM 4.\nSUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS No matters were submitted to a vote by the stockholders of Silicon Valley Bancshares common stock during the fourth quarter of 2003.\nITEM 5.\nMARKET FOR THE REGISTRANTS COMMON EQUITY AND RELATED STOCKHOLDER MATTERS Market Information Our common stock is traded over the counter on the National Association of Securities Dealers Automated Quotation (Nasdaq) national market under the symbol SIVB.\n The following table shows the high and low sales prices for our common stock for each quarterly period during the last two years, based on the daily closing price as reported by the Nasdaq national market."}
{"_id": "d8bc26dcc", "title": "", "text": "During 2008, AMR recorded a settlement charge totaling $103 million related to lump sum distributions from the Company’s defined benefit pension plans to pilots who retired.\nPursuant to U. S.  GAAP, the use of settlement accounting is required if, for a given year, the cost of all settlements exceeds, or is expected to exceed, the sum of the service cost and interest cost components of net periodic pension expense for a plan.\nUnder settlement accounting, unrecognized plan gains or losses must be recognized immediately in proportion to the percentage reduction of the plan’s projected benefit obligation.11.\nIntangible Assets The Company has recorded international slot and route authorities of $708 million and $736 million as of December 31, 2010 and 2009, respectively.\nThe Company considers these assets indefinite life assets and as a result, they are not amortized but instead are tested for impairment annually or more frequently if events or changes in circumstances indicate that the asset might be impaired.\nSuch triggering events may include significant changes to the Company’s network or capacity, or the implementation of open skies agreements in countries where the Company operates flights.\nIn the fourth quarter of 2010, the Company performed its annual impairment testing on international slots and routes, at which time the net carrying value was reassessed for recoverability.\nIt was determined through this annual impairment testing that the fair value of certain international routes in Latin America was less than the carrying value.\nThus, the Company incurred an impairment charge of $28 million to write down the values of these and certain other slots and routes.\nAs there is minimal market activity for the valuation of routes and international slots and landing rights, the Company measures fair value with inputs using the income approach.\nThe income approach uses valuation techniques, such as future cash flows, to convert future amounts to a single present discounted amount.\nThe inputs utilized for these valuations are unobservable and reflect the Company’s assumptions about market participants and what they would use to value the routes and accordingly are considered Level 3 in the fair value hierarchy.\nThe Company’s unobservable inputs are developed based on the best information available as of December 31, 2010.\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS OF AMERICAN AIRLINES GROUP INC.  broker quotes in a non-active market for valuation of these securities.\nThe Company’s fuel derivative contracts, which consisted primarily of call options, collars (consisting of a purchased call option and a sold put option) and call spreads (consisting of a purchased call option and a sold call option), are valued using energy and commodity market data which is derived by combining raw inputs with quantitative models and processes to generate forward curves and volatilities.\nHeating oil, jet fuel and crude oil were the primary underlying commodities in the hedge portfolio.\nNo changes in valuation techniques or inputs occurred during the year ended December 31, 2014.\nAssets and liabilities measured at fair value on a recurring basis are summarized below (in millions):"}
{"_id": "d8acff8d0", "title": "", "text": "| In Millions Fiscal 2018 | Net earnings, including earnings attributable to redeemable and noncontrolling interests, asreported | Provisional net tax benefit (a) | Mark-to-marketeffects, net of tax (b) | Acquisition transaction and integration costs, net of tax (c) | Restructuring costs, net of tax (d) | Project-related costs, net of tax (d) | Intangible asset impairments, net of tax (e) | Tax adjustment (a) | CPW restructuring costs, net of tax | Adjusted net earnings, including earnings attributable to redeemable and noncontrollinginterests | Net cash provided by operating activities | Purchases of land, buildings, and equipment | Free cash flow | Net cash provided by operating activities conversion rate | Free cash flow conversion rate |"}
{"_id": "d8ae38df0", "title": "", "text": "| For the years ended December 31, | 2013 | Private Placements | (in millions) | Beginning balance at January 1 | Total gains or losses: | Realized in earnings | Unrealized in other comprehensive income | Purchases | Sales | Settlements | Balance at December 31 |"}
{"_id": "d89b096f8", "title": "", "text": "| Percentage Increase (Decrease) | Years Ended December 31, | Original | 2008 | (In millions) | First year premium | Single premium | Annuity deposits |"}
{"_id": "d8c5e0304", "title": "", "text": "| Pension plans Post retirement benefit plans | U.S. plans-1 | In millions of dollars | Change in projected benefit obligation | Projected benefit obligation at beginning of year | Benefits earned during the year | Interest cost on benefit obligation | Plan amendments | Actuarial loss | Benefits paid | Expected Medicare Part D subsidy | Divestitures | Settlements | Curtailments-2 | Foreign exchange impact and other | Projected benefit obligation at year end | Change in plan assets | Plan assets at fair value at beginning of year | Actual return on plan assets | Company contributions-3 | Employee contributions | Divestitures | Settlements | Benefits paid | Foreign exchange impact and other | Plan assets at fair value at year end | Funded status of the plan at year end-4 | Net amount recognized | Benefit asset | Benefit liability | Net amount recognized on the balance sheet | Amounts recognized inAccumulated | other comprehensive income (loss) | Net transition obligation | Prior service cost (benefit) | Net actuarial loss | Net amount recognized in equity—pretax | Accumulated benefit obligation at year end |"}
{"_id": "d8e1a7d12", "title": "", "text": "| Portfolio Class | Commercial and industrial | Purchased credit-impaired | Other commercial and industrial | Commercial real estate | Multi family | Office | Industrial and warehouse | Purchased credit-impaired | Other commercial real estate | Automobile | Home equity | Secured by junior-lien | Residential mortgage | Purchased credit-impaired | Other consumer | Purchased credit-impaired |"}
{"_id": "d88a9c428", "title": "", "text": "| Fixed maturities $24,704 | Short-term investments | Cash | Less: Derivative collateral | Total |"}
{"_id": "d863cfff2", "title": "", "text": "The increases in other revenues during the years ended December 31, 2017 and 2016 compared to the years ended December 31, 2016 and 2015, respectively, were primarily the result of recoveries of $28 million and $9 million, respectively, from the settlement of a claim by Hilton to a third party relating to our defined benefit plans."}
{"_id": "d89504a1e", "title": "", "text": "| 2005 $106,116 | 2006 | 2007 | 2008 | 2009 | Thereafter | Total |"}
{"_id": "d88cbaa3e", "title": "", "text": "| Acquisition costs $3,109 | Exploration costs | Capitalized interest | Offshore | Acquisition costs | Exploration costs | Capitalized interest | International: | Offshore | Acquisition costs | Exploration costs | Capitalized interest | $10,887 |"}
{"_id": "d863c228a", "title": "", "text": "| Pension Benefits Other Postretirement Benefits | Years Ended December 31 | Service cost | Interest cost | Expected return on plan assets | Net amortization | Termination benefits | Curtailments | Settlements | Net periodic benefit cost |"}
{"_id": "d8b49cc32", "title": "", "text": "| As of December 31,-1 | 2011 | Balance: | Fixed rate | Variable rate | Total | Percent of total debt: | Fixed rate | Variable rate | Total | Weighted average interest rate at end of period: | Fixed rate | Variable rate | Total weighted average rate | Year Ended December 31, 2013 | Amount | FFO | FFO as adjusted | FAD | Netincome | Year Ended December 31, | 2016 | FFO as adjusted applicable to common shares | Amortization of market lease intangibles, net | Amortization of deferred compensation-6 | Amortization of deferred financing costs | Straight-line rents | DFL non-cash interest-7 | Other depreciation and amortization | Deferred revenues – tenant improvement related | Deferred revenues – additional rents | Leasing costs and tenant and capital improvements | Lease restructure payments | Joint venture adjustments – CCRC entrance fees | Joint venture and other FAD adjustments-7 | FAD applicable to common shares | Distributions on dilutive convertible units | Diluted FAD applicable to common shares |"}
{"_id": "d8c8410c6", "title": "", "text": "| 2002 2001 2000 | Basic net income available for common shares | Joint venture partner convertible ownership net income | Minority interest in earnings of common unitholders | Diluted net income available for common shares and dilutive potential common shares | Weighted average number of common shares outstanding | Weighted average partnership units outstanding | Joint venture partner convertible ownership common share equivalents | Dilutive shares for stock-based compensation plans | Weighted average number of common shares and dilutive potential common shares | Year Ended December 31, | 2018 | (in millions, except per share and ratio information) | Income Statement Data: | Revenues: | Premiums | Policy charges and fee income | Net investment income | Asset management and service fees | Other income (loss) | Realized investment gains (losses), net | Total revenues | Benefits and expenses: | Policyholders’ benefits | Interest credited to policyholders’ account balances | Dividends to policyholders | Amortization of deferred policy acquisition costs | General and administrative expenses | Total benefits and expenses | Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures | Total income tax expense (benefit) | Income (loss) from continuing operations before equity in earnings of operating joint ventures | Equity in earnings of operating joint ventures, net of taxes | Income (loss) from continuing operations | Income (loss) from discontinued operations, net of taxes | Net income (loss) | Less: Income (loss) attributable to noncontrolling interests | Net income (loss) attributable to Prudential Financial, Inc. | EARNINGS PER SHARE-1 | Basic earnings per share—Common Stock: | Income (loss) from continuing operations attributable to Prudential Financial, Inc. | Income (loss) from discontinued operations, net of taxes | Net income (loss) attributable to Prudential Financial, Inc. | Diluted earnings per share—Common Stock: | Income (loss) from continuing operations attributable to Prudential Financial, Inc. | Income (loss) from discontinued operations, net of taxes | Net income (loss) attributable to Prudential Financial, Inc. | Dividends declared per share—Common Stock |"}
{"_id": "d8b642bf4", "title": "", "text": "| Year ended December 31, (in millions) 2003 2002 | Fair value hedge ineffective net gains(a) | Cash flow hedge ineffective net losses(a) | Cash flow hedging gains on forecastedtransactions that failed to occur |"}
{"_id": "d8cc16084", "title": "", "text": "| 2008 2007 | Consolidated revenues – prior year | Sales volumes: | Copper | Gold | Molybdenum | Price realizations: | Copper | Gold | Molybdenum | Purchased copper and molybdenum | Adjustments, primarily for copper pricing on prior year open sales | Treatment charges | Impact of the 2007 copper price protection program | Atlantic Copper revenues | Other, net | Consolidated revenues – current year |"}
{"_id": "d8baa67cc", "title": "", "text": "| Period Total Number of Shares Purchased-2 Average Price Paid per Share Total Number of Shares Purchased as Part ofPublicly Announced Plans or Programs-1 Maximum Dollar Value of Shares that May YetBe Purchased Under the Plans or Programs-1  (In millions) | October 1 – October 31 | November 1 – November 30 | December 1 – December 31 | Total |"}
{"_id": "d88244c1c", "title": "", "text": "| 2012 2011 | Beginning balance | Gross increases in unrecognized tax benefits – prior year tax positions | Gross decreases in unrecognized tax benefits – prior year tax positions | Gross increases in unrecognized tax benefits – current year tax positions | Settlements with taxing authorities | Lapse of statute of limitations | Foreign exchange gains and losses | Ending balance |"}
{"_id": "d8ac0c95a", "title": "", "text": "| 2009 2008 2007 | (in millions) | Equity sales, trading and research operations-1 | Real estate investments sold or held for sale-2 | Mexican asset management operations-3 | International securities operations-4 | Healthcare operations-5 | Income (loss) from discontinued operations before income taxes | Income tax expense (benefit)(4) | Income from discontinued operations, net of taxes |"}
{"_id": "d81c79af4", "title": "", "text": "| 2015 2014 2013 | Cost of sales | Royalties | Product development | Advertising | Amortization of intangibles | Program production cost amortization | Selling, distribution and administration | 2011 | 2012 | 2013 | 2014 | 2015 | Thereafter | Future Minimum Lease Payments |"}
{"_id": "d8c8987cc", "title": "", "text": "| Location/Complex Number of Buildings Approximate Leasable Building Square Feet Percent Leased Encumbrances (in thousands) | Crystal City: | Crystal Park | Crystal Gateway | Crystal Square | Crystal Plaza | Crystal Mall | Crystal City Hotel | 1919 S. Eads Street | Crystal Drive Retail | Total Crystal City | Skyline | Courthouse Plaza(ground leased through 2062) | Warner Building | Reston Executive | One Skyline Tower | Tysons Dulles | Commerce Executive | 2101 L Street | 1750 Pennsylvania Avenue | 1150 17th Street | Bowen Building | Democracy Plaza I(ground leased through 2084) | 1101 17th Street | 1730 M Street (ground leased through 2061) | 1140 Connecticut Avenue | Arlington Plaza | South Capitol | Partially-owned: | H Street equity interests(4% to 50% interests) | Rosslyn Plaza (46% interest) | Fairfax Square (20% interest) | Kaempfer equity interests (2.5% to 7.5%) | Total Washington D.C. | As of December 31, | 2005 | 2004 | 2003 | 2002 | 2001 |"}
{"_id": "d8bcea1e6", "title": "", "text": "| 2017 2016 2015 | Stock options | RSUs | Nonqualified employee stock purchase plan | Stock-based compensation | Income tax benefit | Stock-based compensation expense, net of tax |"}
{"_id": "d8eed0b92", "title": "", "text": "VISA INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) September 30, 2013 (4) Participating securities are unvested share-based payment awards that contain non-forfeitable rights to dividends or dividend equivalents, such as the Company’s restricted stock awards, restricted stock units and earned performance-based shares.\nNote 16—Share-based Compensation The Company’s 2007 Equity Incentive Compensation Plan, or the EIP, authorizes the compensation committee of the board of directors to grant non-qualified stock options (“options”), restricted stock awards (“RSAs”), restricted stock units (“RSUs”) and performance-based shares to its employees and non-employee directors, for up to 59 million shares of class A common stock.\nShares available for award may be either authorized and unissued or previously issued shares subsequently acquired by the Company.\nThe EIP will continue to be in effect until all of the common stock available under the EIP is delivered and all restrictions on those shares have lapsed, unless the EIP is terminated earlier by the Company’s board of directors.\nNo awards may be granted under the plan on or after 10 years from its effective date.\nShare-based compensation cost is recorded net of estimated forfeitures on a straight-line basis for awards with service conditions only, and on a graded-vesting basis for awards with service, performance and market conditions.\nThe Company’s estimated forfeiture rate is based on an evaluation of historical, actual and trended forfeiture data.\nFor fiscal 2013, 2012, and 2011, the Company recorded share-based compensation cost of $179 million, $147 million and $154 million, respectively, in personnel on its consolidated statements of operations.\nThe amount of capitalized share-based compensation cost was immaterial during fiscal 2013, 2012 and 2011.\nOptions Options issued under the EIP expire 10 years from the date of grant and vest ratably over three years from the date of grant, subject to earlier vesting in full under certain conditions.\nDuring fiscal 2013, 2012 and 2011, the fair value of each stock option was estimated on the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:"}
{"_id": "d8a0a3348", "title": "", "text": "| (Millions) Federal, State, and Foreign Tax | Gross UTB Balance at January 1, 2007 | Additions based on tax positions related to the current year | Additions for tax positions of prior years | Reductions for tax positions of prior years | Settlements | Reductions due to lapse of applicable statute of limitations | Gross UTB Balance at December 31, 2007 | Net UTB impacting the effective tax rate at December 31, 2007 |"}
{"_id": "d89348c16", "title": "", "text": "| Years ended December 31, | 2006 | Book Value | Investment securities: | Short-term marketable securities | Long-term investments | Equity method investments | Long-term debt | Financial commitments: | Other forward contracts |"}
{"_id": "d8b326ab0", "title": "", "text": "| (Unaudited) 2008 1 2007 2, 3 20063 20053 20043 | (Dollar amounts in millions, except per share data) | Summary of Operations | Net Sales from Continuing Operations | Net Earnings from Continuing Operations | Net Earnings (Loss) from Discontinued Operations, net of tax | Net Earnings (Loss) | Earnings per share from Continuing Operations | Basic | Diluted | Earnings (Loss) per share from Discontinued Operations | Basic | Diluted | Net Earnings (Loss) per share | Basic | Diluted | Cash Dividends declared per share | Summary of Financial Position | Total Assets | Long-term Debt, including capital leases |"}
{"_id": "d8f72f1d0", "title": "", "text": "Other Income (Expense) Other income (expense) consists principally of investment income and interest expense.\nInvestment income is derived from the Companys cash, cash equivalents, restricted deposits and investments.\nThe following table outlines the rollforward of the fair value measurement Companys Level 3 plan assets using significant unobservable inputs for the year ended December 31, 2009 (in millions):"}
{"_id": "d817d4666", "title": "", "text": "| Unvested stock awards Shares Weighted-average grantdate fairvalue per share | Unvested at December 31, 2017 | Granted-1 | Canceled | Vested-2 | Unvested at December 31, 2018 |"}
{"_id": "d8832954c", "title": "", "text": "| September 30,  2007 September 30,  2008 September 30,  2009 September 30,  2010 September 30,  2011 September 30,  2012 | Apple Inc. | S&P 500 | S&P Computer Hardware | Dow Jones US Technology |"}
{"_id": "d867458f8", "title": "", "text": "interest-earning assets including unearned income in the accretion of fair value adjustments on discounts recognized on acquired or purchased loans is recognized based on the constant effective yield of the financial instrument.\nThe timing and amount of revenue that we recognize in any period is dependent on estimates, judgments, assumptions, and interpretation of contractual terms.\nChanges in these factors can have a significant impact on revenue recognized in any period due to changes in products, market conditions or industry norms.\nResidential And Commercial Mortgage Servicing Rights We elect to measure our residential mortgage servicing rights (MSRs) at fair value.\nThis election was made to be consistent with our risk management strategy to hedge changes in the fair value of these assets as described below.\nThe fair value of residential MSRs is estimated by using a cash flow valuation model which calculates the present value of estimated future net servicing cash flows, taking into consideration actual and expected mortgage loan prepayment rates, discount rates, servicing costs, and other economic factors which are determined based on current market conditions.\nAssumptions incorporated into the residential MSRs valuation model reflect management’s best estimate of factors that a market participant would use in valuing the residential MSRs.\nAlthough sales of residential MSRs do occur, residential MSRs do not trade in an active market with readily observable prices so the precise terms and conditions of sales are not available.\nAs a benchmark for the reasonableness of its residential MSRs fair value, PNC obtains opinions of value from independent parties (“brokers”).\nThese brokers provided a range (+/- 10 bps) based upon their own discounted cash flow calculations of our portfolio that reflected conditions in the secondary market, and any recently executed servicing transactions.\nPNC compares its internally-developed residential MSRs value to the ranges of values received from the brokers.\nIf our residential MSRs fair value falls outside of the brokers’ ranges, management will assess whether a valuation adjustment is warranted.\nFor 2011 and 2010, PNC’s residential MSRs value has not fallen outside of the brokers’ ranges.\nWe consider our residential MSRs value to represent a reasonable estimate of fair value.\nCommercial MSRs are purchased or originated when loans are sold with servicing retained.\nCommercial MSRs do not trade in an active market with readily observable prices so the precise terms and conditions of sales are not available.\nCommercial MSRs are initially recorded at fair value and are subsequently accounted for at the lower of amortized cost or fair value.\nCommercial MSRs are periodically evaluated for impairment.\nFor purposes of impairment, the commercial mortgage servicing rights are stratified based on asset type, which characterizes the predominant risk of the underlying financial asset.\nThe fair value of commercial MSRs is estimated by using an internal valuation model.\nThe model calculates the present value of estimated future net servicing cash flows considering estimates of servicing revenue and costs, discount rates and prepayment speeds.\nPNC employs risk management strategies designed to protect the value of MSRs from changes in interest rates and related market factors.\nResidential MSRs values are economically hedged with securities and derivatives, including interest-rate swaps, options, and forward mortgage-backed and futures contracts.\nAs interest rates change, these financial instruments are expected to have changes in fair value negatively correlated to the change in fair value of the hedged residential MSRs portfolio.\nThe hedge relationships are actively managed in response to changing market conditions over the life of the residential MSRs assets.\nCommercial MSRs are economically hedged at a macro level or with specific derivatives to protect against a significant decline in interest rates.\nSelecting appropriate financial instruments to economically hedge residential or commercial MSRs requires significant management judgment to assess how mortgage rates and prepayment speeds could affect the future values of MSRs.\nHedging results can frequently be less predictable in the short term, but over longer periods of time are expected to protect the economic value of the MSRs.\nThe fair value of residential and commercial MSRs and significant inputs to the valuation model as of December 31, 2011 are shown in the tables below.\nThe expected and actual rates of mortgage loan prepayments are significant factors driving the fair value.\nManagement uses a third-party model to estimate future residential loan prepayments and internal proprietary models to estimate future commercial loan prepayments.\nThese models have been refined based on current market conditions.\nFuture interest rates are another important factor in the valuation of MSRs.\nManagement utilizes market implied forward interest rates to estimate the future direction of mortgage and discount rates.\nThe forward rates utilized are derived from the current yield curve for U. S.  dollar interest rate swaps and are consistent with pricing of capital markets instruments.\nChanges in the shape and slope of the forward curve in future periods may result in volatility in the fair value estimate."}
{"_id": "d8eddb408", "title": "", "text": "| Balance at December 31, 2006 $ 16,453 | Gross increases related to prior period tax positions | Gross decreases related to prior period tax positions | Gross increases related to current period tax positions | Settlements | Expiration of statute of limitations | Balance at December 29, 2007 |"}
{"_id": "d8c9a79a6", "title": "", "text": "| Year Ended September 30, | 2018 | (In millions) | Capitalized interest, beginning of year | Interest incurred -1 | Interest charged to cost of sales | Capitalized interest, end of year |"}
{"_id": "d86d9fcb2", "title": "", "text": "| Year ended December 31, 2013 | Expected volatility1 | Expected term (years)2 | Risk-free interest rate3 | Expected dividend yield4 |"}
{"_id": "d89b1acf0", "title": "", "text": "| Crude Oil Wells Natural Gas Wells Total | Gross | United States | Equatorial Guinea | Israel | North Sea | China | Total | Developed Acreage | Gross | (thousands of acres) | United States | Onshore-1 | Offshore | Total United States | International | Equatorial Guinea | Senegal/Guinea-Bissau | Cameroon | Israel | Cyprus-2 | North Sea-3 | China | France-4 | Nicaragua | India | Total International | Total |"}
{"_id": "d8785f1b6", "title": "", "text": "Change in Fair Value of Deferred Compensation The income or loss arising from the change in fair value of our non-qualified deferred compensation plan obligation is recorded in cost of sales and each functional operating expense, with the offsetting change in the fair value of the related assets recorded in other income (expense), net.\nThese assets are classified as trading securities.\nThere is no overall impact to our net income from the income or loss of our deferred compensation plan obligation and asset.\nAcquired In-Process Research and Development In-process research and development (IPR&D) costs relate to in-process technologies acquired in acquisitions.\nThe value assigned to IPR&D is determined by considering the importance of each project to our overall development plan, estimating costs to develop the IPR&D into commercially viable products, estimating the resulting net cash flows from such projects when completed and discounting the net cash flows back to their present value.\nThe utilized discount rate is our weighted average cost of capital, taking into account the inherent uncertainties in future revenue estimates and the profitability of such technology, the successful development of the IPR&D, its useful life and the uncertainty of technological advances, all of which are unknown at the time of determination.\nUpon completion of development, the underlying intangible asset is amortized over its estimated useful life and recorded in cost of revenue.\nIPR&D projects acquired are anticipated to be completed over a period of one to three years from the date of the acquisition.\nSee Note 4 of Notes to Consolidated Financial Statements.\nAmortization of Intangible Assets Amortization of intangible assets includes the amortization of contract rights and the amortization of core/ developed technology, trademarks, trade names, customer relationships, covenants not to compete, and in-process research and development related to acquisitions completed in prior years.\nAmortization expense is included in the consolidated statements of operations as follows:"}
{"_id": "d8df8396e", "title": "", "text": "In the fourth quarter of 2017, we acquired Mercury Plastics, Inc. , a plastics processor and manufacturer of water handling systems for appliance and faucet applications, for approximately $89 millionin cash.\nThis business is included in the Plumbing Products segment.\nThis acquisition enhances our ability to develop faucet technology and provides continuity of supply of quality faucet components.\nIn connection with this acquisition, we recognized $38 million of goodwill, which is tax deductible, and is related primarily to the expected synergies from combining the operations into our business."}
{"_id": "d89110c64", "title": "", "text": "| Financial Services | Total | Aircraft | (in millions) | 2007 | Total revenues(d)(e)(f)(g) | Interest expense(e) | Operating income (loss)(e)(f)(g) | Depreciation expense | Capital expenditures | Year-end identifiable assets | 2006 | Total revenues(d)(e) | Interest expense(e) | Operating income (loss) | Depreciation expense | Capital expenditures | Year-end identifiable assets | 2005 | Total revenues(d)(e) | Interest expense(e) | Operating income | Depreciation expense | Capital expenditures | Year-end identifiable assets |"}
{"_id": "d89a57034", "title": "", "text": "| In millionsDecember 31, 2007 Unrealized loss position lessthan 12 months Unrealized lossposition12 months or more Total | Unrealized Loss | Securities available for sale | Debt securities | U.S. Treasury and government agencies | Residential mortgage-backed | Commercial mortgage-backed | Asset-backed | State and municipal | Other debt | Total | December 31, 2006 | Securities available for sale | Debt securities | U.S. Treasury and government agencies | Residential mortgage-backed | Commercial mortgage-backed | Asset-backed | State and municipal | Other debt | Total debt securities | Corporate stocks and other | Total |"}
{"_id": "d884c6c10", "title": "", "text": "EMPLOYEE BENEFIT PLANS SYSCO has defined benefit and defined contribution retirement plans for its employees.\nAlso, the company contributes to various multi-employer plans under collective bargaining agreements and provides certain health care benefits to eligible retirees and their dependents.\nSYSCO maintains a qualified retirement plan (Retirement Plan) that pays benefits to employees at retirement, using formulas based on a participant’s years of service and compensation.\nThe defined contribution 401(k) plan provides that under certain circumstances the company may make matching contributions of up to 50% of the first 6% of a participant’s compensation.\nSYSCO’s contributions to this plan were $21,898,000 in 2006, $28,109,000 in 2005, and $27,390,000 in 2004.\nIn addition to receiving benefits upon retirement under the company’s defined benefit plan, participants in the Management Incentive Plan (see ‘‘Management Incentive Compensation’’ under ‘‘Stock Based Compensation Plans’’) will receive benefits under a Supplemental Executive Retirement Plan (SERP).\nThis plan is a nonqualified, unfunded supplementary retirement plan.\nIn order to meet its obligations under the SERP, SYSCO maintains life insurance policies on the lives of the participants with carrying values of $153,659,000 at July 1, 2006 and $138,931,000 at July 2, 2005.\nThese policies are not included as plan assets or in the funded status amounts in the table below.\nSYSCO is the sole owner and beneficiary of such policies.\nProjected benefit obligations and accumulated benefit obligations for the SERP were $327,450,000 and $238,599,000, respectively, as of July 1, 2006 and $375,491,000 and $264,010,000, respectively, as of July 2, 2005.\nThe company made cash contributions to its pension plans of $73,764,000 and $220,361,000 in fiscal years 2006 and 2005, respectively, including $66,000,000 and $214,000,000 in voluntary contributions to the Retirement Plan in fiscal 2006 and 2005, respectively.\nIn fiscal 2006, the company’s voluntary contribution to the Retirement Plan represented the maximum tax-deductible amount.\nIn fiscal 2005, the company made a voluntary contribution of $134,000,000 in the fourth quarter in addition to the $80,000,000"}
{"_id": "d83b59f3c", "title": "", "text": "Amounts Recorded In Accumulated Other Comprehensive Loss Unrealized losses from interest rate cash flow hedges recorded in AOCI as of May 27, 2012, totaled $73.6 million after tax.\nThese deferred losses are primarily related to interest rate swaps that we entered into in contemplation of future borrowings and other financing requirements and that are being reclassified into net interest over the lives of the hedged forecasted transactions.\nUnrealized losses from foreign currency cash flow hedges recorded in AOCI as of May 27, 2012, were $1.7 million after-tax.\nThe net amount of pre-tax gains and losses in AOCI as of May 27, 2012, that we expect to be reclassified into net earnings within the next 12 months is $14.0 million of expense.\nCredit-Risk-Related Contingent Features Certain of our derivative instruments contain provisions that require us to maintain an investment grade credit rating on our debt from each of the major credit rating agencies.\nIf our debt were to fall below investment grade, the counterparties to the derivative instruments could request full collateralization on derivative instruments in net liability positions.\nThe aggregate fair value of all derivative instruments with credit-risk-related contingent features that were in a liability position on May 27, 2012, was $19.9 million.\nWe have posted collateral of $4.3 million in the normal course of business associated with these contracts.\nIf the credit-risk-related contingent features underlying these agreements had been triggered on May 27, 2012, we would have been required to post an additional $15.6 million of collateral to counterparties."}
{"_id": "d86de5988", "title": "", "text": "| 2007 2006 2005 | (Gain)/loss on disposition or impairment of acquired assets and obligations | Consulting and professional fees | Employee severance and retention | Information technology integration | In-process research & development | Integration personnel | Facility and employee relocation | Distributor acquisitions | Sales agent and lease contract terminations | Other | Acquisition, integration and other |"}
{"_id": "d8d590aec", "title": "", "text": "| 2002 2001 | High | 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter | 1st Qtr | 2002 | 2001 |"}
{"_id": "d86d4d732", "title": "", "text": "| December 31, Allowance for loan losses Net charge-offs (recoveries) year ended | (in millions) | Investment Bank | Commercial Banking | Treasury & Securities Services | Asset Management | Corporate/Private Equity | Total Wholesale | Retail Financial Services | Card Services | Corporate/Private Equity | Total Consumer – reported | Credit card – securitized | Total Consumer – managed | Total |"}
{"_id": "d8e79b5e8", "title": "", "text": "2004 Compared to 2003  Cash from operating activities primarily reflects premium cash flows in excess of claim payments.\nThe decrease in cash provided by operating activities was due primarily to the $1.15 billion settlement of the MacArthur litigation in 2004.\nCash provided by financing activities decreased primarily due to lower proceeds from investment and universal life-type contracts as a result of the adoption of SOP 03-1, decreased capital raising activities, repayment of commercial paper and early retirement of junior subordinated debentures in 2004.\nThe decrease in cash from financing activities and operating cash flows invested long-term accounted for the majority of the change in cash used for investing activities.2003 Compared to 2002 The increase in cash provided by operating activities was primarily the result of strong premium cash flows.\nFinancing activities increased primarily due to capital raising activities related to the 2003 asbestos reserve addition and decreased due to repayments on long-term debt and lower proceeds from investment and universal life-type contracts.\nThe increase in cash from financing activities accounted for the majority of the change in cash used for investing activities.\nOperating cash flows in each of the last three years have been adequate to meet liquidity requirements.\nEquity Markets For a discussion of the potential impact of the equity markets on capital and liquidity, see the Capital Markets Risk Management section under Market Risk.\nRatings Ratings are an important factor in establishing the competitive position in the insurance and financial services marketplace.\nThere can be no assurance that the Company's ratings will continue for any given period of time or that they will not be changed.\nIn the event the Company's ratings are downgraded, the level of revenues or the persistency of the Company's business may be adversely impacted.\nOn August 4, 2004, Moodys affirmed the Companys and Hartford Life, Inc. s A3 senior debt ratings as well as the Aa3 insurance financial strength ratings of both its property-casualty and life insurance operating subsidiaries.\nIn addition, Moodys changed the outlook for all of these ratings from negative to stable.\nSince the announcement of the suit filed by the New York Attorney Generals Office against Marsh & McLennan Companies, Inc. , and Marsh, Inc.  on October 14, 2004, the major independent ratings agencies have indicated that they continue to monitor developments relating to the suit.\nOn October 22, 2004, Standard & Poors revised its outlook on the U. S.  property/casualty commercial lines sector to negative from stable.\nOn November 23, 2004, Standard & Poors revised its outlook on the financial strength and credit ratings of the property-casualty insurance subsidiaries to negative from stable.\nThe outlook on the life insurance subsidiaries and corporate debt was unaffected.\nOff-Balance Sheet Arrangements and Aggregate Contractual Obligations The Company does not have any off-balance sheet arrangements that are reasonably likely to have a material effect on the financial condition, results of operations, liquidity, or capital resources of the Company, except for the contingent capital facility described above, as well as unfunded commitments to purchase investments in limited partnerships and other alternative investments, private placements, and mortgage loans of $865 as disclosed in Note 14 - Commitments and Contingencies of Notes to Consolidated Financial Statements."}
{"_id": "d8823b39c", "title": "", "text": "| Fourth Quarter | (Amounts in millions) | External net sales | Intersegment net sales | Segment net sales | Cost of goods sold | Gross profit | Operating expenses | Segment operating earnings |"}
{"_id": "d8ece1f16", "title": "", "text": "| Fair Value at December 31, | Description | Asset Derivatives | Crude oil and natural gas derivative contracts - | Current portion | Noncurrent portion | Liability Derivatives | Crude oil and natural gas derivative contracts - | Current portion | Noncurrent portion |"}
{"_id": "d8d8aeb20", "title": "", "text": "Service Operations Service Operations primarily consist of our merchant building sales and the leasing, management, construction and development services for joint venture properties and properties owned by third parties.\nThese operations are heavily influenced by the current state of the economy as leasing and management fees are dependent upon occupancy while construction and development services rely on businesses expanding operations.\nService Operations earnings increased from $21.8 million in 2003 to $24.4 million in 2004.\nThe increase reflects higher construction volumes partially offset by increased staffing costs for our new National Development and Construction group and construction jobs in certain markets.\nOther factors impacting service operations are discussed below.\n● We experienced a 1.6% decrease in our overall gross profit margin percentage in our general contractor business in 2004 as compared to 2003, due to continued competitive pricing pressure in many of our markets.\nWe expect margins to increase in 2005 as economic conditions improve.\nHowever, despite this decrease, we were able to increase our net general contractor revenues from $26.8 million in 2003 to $27.6 million in 2004 because of an increase in volume.\nThis volume increase was attributable to continued low financing costs available to businesses, thereby making it more attractive for them to own instead of lease facilities.\nWe have a substantial backlog of $183.2 million for third party construction as of December 31, 2004, that will carry into 2005.\n● Our merchant building development and sales program, whereby a building is developed by us and then sold, is a significant component of construction and development income.\nDuring 2004, we generated after tax gains of $16.5 million from the sale of six properties compared to $9.6 million from the sale of four properties in 2003.\nProfit margins on these types of building sales fluctuate by sale depending on the type of property being sold, the strength of the underlying tenant and nature of the sale, such as a pre-contracted purchase price for a primary tenant versus a sale on the open market."}
{"_id": "d88e4a5e8", "title": "", "text": "| (Millions)Balance Sheet Caption: Before Application of SFAS No. 158 -1 Adjustments After Application of SFAS No. 158 | Other assets | Deferred income tax liability | Accrued pensions | Other postretirement benefits | Accumulated other comprehensive loss |"}
{"_id": "d8825d870", "title": "", "text": "| 2010-1 2009 2008 | (in millions) | Balance, beginning of year | Amortization—Impact of assumption and experience unlocking and true-ups | Amortization—All Other | Change in unrealized investment gains and losses | Interest-2 | Foreign currency translation | Balance, end of year |"}
{"_id": "d8c06caee", "title": "", "text": "| 2006 | Fair value of plan assets at acquisition date | Actual return on plan assets | Benefits paid | Fair value of plan assets at end of year |"}
{"_id": "d87a08a08", "title": "", "text": "| Home Equity (b) (c ) Residential Real Estate (b) (c) | December 31, 2014 – in millions | Current estimated LTV ratios (d) | Greater than or equal to 125% and updated FICO scores: | Greater than 660 | Less than or equal to 660 | Missing FICO | Greater than or equal to 100% to less than 125% and updated FICO scores: | Greater than 660 | Less than or equal to 660 | Missing FICO | Greater than or equal to 90% to less than 100% and updated FICO scores: | Greater than 660 | Less than or equal to 660 | Missing FICO | Less than 90% and updated FICO scores: | Greater than 660 | Less than or equal to 660 | Missing FICO | Missing LTV and updated FICO scores: | Greater than 660 | Less than or equal to 660 | Missing FICO | Total home equity and residential real estate loans |"}
{"_id": "d8f4255b6", "title": "", "text": "Certain Agreements and Arrangements with PNC PNC.\nOn February 27, 2009, BlackRock entered into an amended and restated implementation and stockholder agreement with PNC, and a third amendment to the share surrender agreement with PNC.\nReceivables and Payables with Related Parties.\nDue from related parties, which is included within other assets on the consolidated statements of financial condition was $73 million and $89 million at December 31, 2015 and 2014, respectively, and primarily represented receivables from certain investment products managed by BlackRock.\nAccounts receivable at December 31, 2015 and 2014 included $705 million and $747 million, respectively, related to receivables from BlackRock mutual funds, including iShares, for investment advisory and administration services.\nDue to related parties, which is included within other liabilities on the consolidated statements of financial condition, was $18 million and $12 million at December 31, 2015 and 2014, respectively, and primarily represented payables to certain investment products managed by BlackRock.17.\nNet Capital Requirements The Company is required to maintain net capital in certain regulated subsidiaries within a number of jurisdictions, which is partially maintained by retaining cash and cash equivalent investments in those subsidiaries or jurisdictions.\nAs a result, such subsidiaries of the Company may be restricted in their ability to transfer cash between different jurisdictions and to their parents.\nAdditionally, transfers of cash between international jurisdictions, including repatriation to the United States, may have adverse tax consequences that could discourage such transfers.\nBanking Regulatory Requirements.\nBlackRock Institutional Trust Company, N. A.\n(BTC), a wholly owned subsidiary of the Company, is chartered as a national bank whose powers are limited to trust activities.\nBTC is subject to regulatory capital requirements administered by the Office of the Comptroller of the Currency.\nFailure to meet minimum capital requirements can initiate certain mandatory and possibly additional discretionary actions by regulators that, if undertaken, could have a direct material effect on the consolidated financial statements.\nUnder the capital adequacy guidelines and the regulatory framework for prompt corrective action, BTC must meet specific capital guidelines that invoke quantitative measures of BTCs assets, liabilities, and certain off-balance sheet items as calculated under the regulatory accounting practices.\nBTCs capital amounts and classification are also subject to qualitative judgments by the regulators about components, risk weightings and other factors.\nQuantitative measures established by regulators to ensure capital adequacy require BTC to maintain a minimum Tier 1 capital and Tier 1 leverage ratio, as well as Tier 1 and total risk-based capital ratios.\nBased on BTCs calculations as of December 31, 2015 and 2014, it exceeded the applicable capital adequacy requirements"}
{"_id": "d8d3fbda8", "title": "", "text": "| (In millions) 2010 2009 2008 | Net sales | Operating profit | Operating margin | Backlog at year-end |"}
{"_id": "d81e4fc3e", "title": "", "text": "| Year ended December 31, U.S. defined benefit pension plans Non-U.S. defined benefit pension plans OPEB before Medicare Part D subsidy Medicare Part D subsidy | 2011 | 2012 | 2013 | 2014 | 2015 | Years 2016—2020 |"}
{"_id": "d8d8aeb66", "title": "", "text": "General and Administrative Expense General and administrative expense increased from $22.1 million in 2003 to $26.4 million in 2004.\nThe increase was a result of increased staffing and employee compensation costs to support development of our National Development and Construction group.\nWe also experienced an increase in marketing to support certain new projects."}
{"_id": "d862f071c", "title": "", "text": "Entergy Corporation Notes to Consolidated Financial Statements 73 (a) Consists of pollution control revenue bonds and environmental revenue bonds, certain series of which are secured by non-interest bearing first mortgage bonds.\n(b) The bonds are subject to mandatory tender for purchase from the holders at 100% of the principal amount outstanding on September 1, 2005 and can then be remarketed.\n(c) The bonds are subject to mandatory tender for purchase from the holders at 100% of the principal amount outstanding on September 1, 2004 and can then be remarketed.\n(d) The bonds had a mandatory tender date of October 1, 2003.\nEntergy Louisiana purchased the bonds from the holders, pursuant to the mandatory tender provision, and has not remarketed the bonds at this time.\nEntergy Louisiana used a combination of cash on hand and short-term borrowing to buy-in the bonds.\n(e) On June 1, 2002, Entergy Louisiana remarketed $55 million St.  Charles Parish Pollution Control Revenue Refunding Bonds due 2030, resetting the interest rate to 4.9% through May 2005.\n(f) The bonds are subject to mandatory tender for purchase from the holders at 100% of the principal amount outstanding on June 1, 2005 and can then be remarketed.\n(g) Pursuant to the Nuclear Waste Policy Act of 1982, Entergy's nuclear owner/licensee subsidiaries have contracts with the DOE for spent nuclear fuel disposal service.\nThe contracts include a one-time fee for generation prior to April 7, 1983.\nEntergy Arkansas is the only Entergy company that generated electric power with nuclear fuel prior to that date and includes the one-time fee, plus accrued interest, in long-term debt.\n(h) The fair value excludes lease obligations, long-term DOE obligations, and other long-term debt and includes debt due within one year.\nIt is determined using bid prices reported by dealer markets and by nationally recognized investment banking firms.\nThe annual long-term debt maturities (excluding lease obligations) for debt outstanding as of December 31, 2003, for the next five years are as follows:"}
{"_id": "d87b6433e", "title": "", "text": "Commissions revenue decreased 7% to $424 million for the year ended December 31, 2015, compared to the same period in 2014.\nDART volume decreased 8% to 155,470 for the year ended December 31, 2015, compared to the same period in 2014.\nDerivative DARTs as a percentage of total DARTs represented 24% of trading volume for both the years ended December 31, 2015 and 2014.\nAverage commission per trade increased slightly to $10.86 for the year ended December 31, 2015 from $10.81 for the same period in 2014."}
{"_id": "d8617c87c", "title": "", "text": "| Asset Derivatives December 31, 2012 Liability Derivatives December 31, 2012 | (In millions) | Derivatives not designated as hedging instruments: | Foreign exchange contracts | Interest-rate contracts | Other derivative contracts | Total | Derivatives designated as hedging instruments: | Interest-rate contracts | Foreign exchange contracts | Total |"}
{"_id": "d8a133394", "title": "", "text": "| ($ in millions) 2008 2007 2006 | Interest expense recognized by ESOP | Less dividends accrued on ESOP shares | Cost of shares allocated | Compensation expense | Reduction of defined contribution due to ESOP | ESOP benefit |"}
{"_id": "d883919f8", "title": "", "text": "| Shares in thousands Nonvested Incentive/ Performance Unit Shares Weighted- Average Grant Date Fair Value Nonvested Restricted Stock/ Unit Shares Weighted- Average Grant Date Fair Value | December 31, 2010 | Granted | Vested | Forfeited | December 31, 2011 |"}
{"_id": "d8a3ffb72", "title": "", "text": "| Reporting Segment Fiscal 2006 Gross Profit Fiscal 2005 Gross Profit % Increase/ (Decrease) | Consumer Foods | Food and Ingredients | Trading and Merchandising | International Foods | Total |"}
{"_id": "d81cd677c", "title": "", "text": "(1) Other than credit-related writedowns include items such as equity securities where the primary reason for the writedown was the severity and/or the duration of an unrealized loss position and fixed maturity securities where an interest-rate related writedown was taken.\nOverview of Fixed Maturity and Equity Security Writedowns.\nWritedowns of fixed maturity and equity securities were $1.7 billion, $97 million and $80 million for the years ended December 31, 2008, 2007 and 2006, respectively.\nWritedowns of fixed maturity securities were $1.3 billion, $78 million and $56 million for the years ended December 31, 2008, 2007 and 2006, respectively.\nWritedowns of equity securities were $430 million, $19 million and $24 million for the years ended December 31, 2008, 2007 and 2006, respectively.\nThe Companys credit-related writedowns of fixed maturity and equity securities were $1.2 billion, $77 million and $80 million for the years ended December 31, 2008, 2007 and 2006, respectively.\nThe Companys credit-related writedowns of fixed maturity securities were $1.1 billion, $58 million and $56 million for the years ended December 31, 2008, 2007 and 2006, respectively.\nThe Companys creditrelated writedowns of equity securities were $90 million, $19 million and $24 million for the years ended December 31, 2008, 2007 and 2006, respectively.\nThe $90 million of credit-related equity securities writedowns in 2008 were primarily on non-redeemable preferred securities.\nThe Companys three largest impairments totaled $528 million, $19 million and $33 million for the years ended December 31, 2008, 2007 and 2006, respectively.\nThe Company records impairments as investment losses and adjusts the cost basis of the fixed maturity and equity securities accordingly.\nThe Company does not change the revised cost basis for subsequent recoveries in value."}
{"_id": "d8ee05a82", "title": "", "text": "| For Year Ended December 31 | 2012 | (In millions, except per share data) | INCOME (LOSS) | Net income (loss) (GAAP) | Preferred dividends and accretion (GAAP) | Net income (loss) available to common shareholders (GAAP) | Income (loss) from discontinued operations, net of tax (GAAP) | Income (loss) from continuing operations available to common shareholders (GAAP) | Income (loss) available to common shareholders (GAAP) | Merger-related charges, pre-tax: | Salaries and employee benefits | Net occupancy expense | Furniture and equipment expense | Other | Total merger-related charges, pre-tax | Merger-related charges, net of tax | Goodwill impairment | Regulatory charge and related income tax benefit-1 | REIT investment early termination costs, net oftax-3 | Adjusted income (loss) available to common shareholders (non-GAAP) | Income (loss) from continuing operations available to common shareholders (GAAP) | Merger-related charges, net of tax | Goodwill impairment | Regulatory charge and related income tax benefit-1 | REIT investment early termination costs, net oftax-3 | Adjusted income (loss) from continuing operations available to common shareholders (non-GAAP) | EFFICIENCY AND FEE INCOME RATIOS | Non-interest expense from continuing operations (GAAP) | Significant Items: | Merger-related charges | Goodwill impairment | Regulatory charge | Mortgage servicing rights impairment | Loss on extinguishment of debt | FDIC special assessment | Securities impairment, net | Branch consolidation and property and equipment charges | REIT investment early termination costs-3 | Adjusted non-interest expense (non-GAAP) | Net interest income from continuing operations (GAAP) | Taxable-equivalent adjustment | Net interest income from continuing operations, taxable-equivalent basis | Non-interest income from continuing operations (GAAP) | Significant Items: | Securities gains, net | Leveraged lease termination gains, net | Visa-related gains | Gain on early extinguishment of debt | Loss (gain) on sale of mortgage loans | Adjusted non-interest income (non-GAAP) | Adjusted total revenue (non-GAAP) | Fee income ratio (non-GAAP) | Efficiency ratio (non-GAAP) | Millions of Dollars | Other income | Interest expense | Income taxes |"}
{"_id": "d896b9dc8", "title": "", "text": "Additional information regarding the stock option plans is included in Note 14.\nReclassifications Certain 2002 and 2001 amounts in the consolidated financial statements have been reclassified to conform to the 2003 presentation.\nThese reclassifications have no effect on net earnings or stockholders equity as previously reported.\nRecent Accounting Pronouncements In July 2001, Statement of Financial Accounting Standards No.142, Goodwill and Other Intangible Assets, was issued which requires that goodwill and intangible assets with indefinite useful lives no longer be amortized, but instead tested at least annually for impairment.\nThe Company has adopted SFAS No.142 effective January 1, 2002 and goodwill amortization was discontinued.\nGoodwill is reviewed at least annually for impairment.\nIn addition, the Company will perform an impairment analysis of intangible assets more frequently based on other factors.\nSuch factors would include, but are not limited to, significant changes in membership, state funding, medical contracts and provider networks and contracts.\nThe Company did not recognize any impairment losses for the periods presented.\nIn June 2002, SFAS No.146, Accounting for Costs Associated with Exit or Disposal Activities, was issued.\nIt requires that a liability for a cost associated with an exit or disposal activity be recognized when the liability is incurred.\nSFAS No.146 is effective for exit or disposal activities that are initiated after December 31, 2002.\nThe adoption of the provisions of SFAS No.146 did not have a material impact on the Companys results of operations, financial position or cash flows.\nIn December 2002, SFAS No.148, Accounting for StockBased CompensationTransition and Disclosure, was issued.\nThis statement provides alternative methods of transition for an entity that voluntarily changes to the fair value based method of accounting for stock-based employee compensation.\nIn addition, this statement requires prominent disclosures in both annual and interim financial statements about the method of accounting for stock-based employee compensation and the effect of the method used on reported results.\nSFAS No.148 is effective for fiscal years ending after December 15, 2002 and for interim periods beginning after December 15, 2002.\nThe adoption of the provisions of SFAS No.148 did not have a material impact on the Companys results of operations, financial position or cash flows.\nIn November 2002, FASB Interpretation No.45, Guarantors Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others an interpretation of SFAS No.5, 57, and 107 and rescission of FASB Interpretation No.34, was issued.\nThis interpretation clarifies the requirements of SFAS No.5, Accounting for Contingencies, relating to a guarantors accounting for, and"}
{"_id": "d8ca1cbe8", "title": "", "text": "| For the Year Ended December 31, | 2008 | Balance at Beginning of Year | Consolidation of previously unconsolidated entities | Provision for Credit Losses | Accounts Written Off | Balance at End of Year |"}
{"_id": "d819d244a", "title": "", "text": "U. S.  UNCOATED PAPERS net sales in 2006 were $3.5 billion, compared with $3.2 billion in 2005 and $3.3 billion in 2004.\nSales volumes increased in 2006 over 2005, particularly in cut-size paper and printing papers.\nAverage sales price realizations increased significantly, reflecting benefits from price increases announced in late 2005 and early 2006.\nLack-of-order downtime declined from 450,000 tons in 2005 to 40,000 tons in 2006, reflecting firm market demand and the impact of the permanent closure of three uncoated freesheet machines in 2005.\nOperating earnings in 2006 more than doubled compared with both 2005 and 2004.\nThe benefits of improved average sales price realizations more than offset higher input costs for freight, wood and energy, which were all above 2005 levels.\nMill operations were favorable compared with 2005 due to current-year improvements in machine performance, lower labor, chemical and energy consumption costs, as well as approximately $30 million of charges incurred in 2005 for machine shutdowns."}
{"_id": "d8f727660", "title": "", "text": "Certain Investments in Unallocated Precious Metals Citigroup invests in unallocated precious metals accounts (gold, silver, platinum and palladium) as part of its commodity and foreign currency trading activities or to economically hedge certain exposures from issuing structured liabilities.\nUnder ASC 815, the investment is bifurcated into a debt host contract and a commodity forward derivative instrument.\nCitigroup elects the fair value option for the debt host contract, and reports the debt host contract within Trading account assets on the Company’s Consolidated Balance Sheet.\nThe total carrying amount of debt host contracts across unallocated precious metals accounts was approximately $0.4 billion and $0.9 billion at December 31, 2018 and 2017, respectively.\nThe amounts are expected to fluctuate based on trading activity in future periods.\nAs part of its commodity and foreign currency trading activities, Citi trades unallocated precious metals investments and executes forward purchase and forward sale derivative contracts with trading counterparties.\nWhen Citi sells an unallocated precious metals investment, Citi’s receivable from its depository bank is repaid and Citi derecognizes its investment in the unallocated precious metal.\nThe forward purchase or sale contract with the trading counterparty indexed to unallocated precious metals is accounted for as a derivative, at fair value through earnings.\nAs of December 31, 2018, there were approximately $13.7 billion and $10.3 billion in notional amounts of such forward purchase and forward sale derivative contracts outstanding, respectively."}
{"_id": "d8caaea2a", "title": "", "text": "| 2005 2004 2003 | (in millions, except per share amounts) | Income | Basic earnings per share | Income from continuing operations before extraordinary gain on acquisition and cumulative effect of accounting change attributable to theFinancial Services Businesses | Direct equity adjustment | Income from continuing operations before extraordinary gain on acquisition and cumulative effect of accounting change attributable to theFinancial Services Businesses available to holders of Common Stock after direct equity adjustment | Effect of dilutive securities and compensation programs | Stock options | Deferred and long-term compensation programs | Equity security units | Diluted earnings per share | Income from continuing operations before extraordinary gain on acquisition and cumulative effect of accounting change attributable to theFinancial Services Businesses available to holders of Common Stock after direct equity adjustment |"}
{"_id": "d8ab97a4c", "title": "", "text": "| December 31, 2007 2006 | In thousands of dollars | Current liabilities | Long-term debt | Other long-term liabilities | Deferred income taxes | Total liabilities |"}
{"_id": "d8634cfda", "title": "", "text": "| OperatingRevenues(In millions) % of Total Number ofCustomers % of Total EstimatedPopulationServed(In millions) % of Total | New Jersey | Pennsylvania | Missouri | Illinois (a) | California | Indiana | West Virginia (b) | Subtotal (Top Seven States) | Other (c) | Total Regulated Businesses |"}
{"_id": "d8cf13b42", "title": "", "text": "(1) Nonperforming held consumer loans and leases as a percentage of outstanding consumer loans and leases were 3.61 percent (3.86 percent excluding the Countrywide purchased impaired loan portfolio) and 1.68 percent (1.81 percent excluding the Countrywide purchased impaired loan portfolio) at December 31, 2009 and 2008.\n(2) Accruing held consumer loans and leases past due 90 days or more as a percentage of outstanding consumer loans and leases were 2.74 percent (2.93 percent excluding Countrywide purchased impaired loan portfolio) and 0.73 percent (0.79 percent excluding the Countrywide purchased impaired loan portfolio) at December 31, 2009 and 2008.\nResidential mortgages accruing past due 90 days or more represent repurchases of insured or guaranteed loans.\nSee Residential Mortgage discussion for more detail.\n(3) Outstandings include foreign residential mortgages of $552 million at December 31, 2009 mainly from the Merrill Lynch acquisition.\nWe did not have any foreign residential mortgage loans at December 31, 2008.\n(4) Outstandings include $13.4 billion and $18.2 billion of pay option loans and $1.5 billion and $1.8 billion of subprime loans at December 31, 2009 and 2008.\nWe no longer originate these products.\n(5) Outstandings include dealer financial services loans of $41.6 billion and $40.1 billion, consumer lending loans of $19.7 billion and $28.2 billion, securities-based lending margin loans of $12.9 billion and $0, and foreign consumer loans of $8.0 billion and $1.8 billion at December 31, 2009 and 2008, respectively.\n(6) Outstandings include consumer finance loans of $2.3 billion and $2.6 billion, and other foreign consumer loans of $709 million and $618 million at December 31, 2009 and 2008.  n/a = not applicable\nBall Corporation and Subsidiaries Notes to Consolidated Financial Statements 18."}
{"_id": "d8977495c", "title": "", "text": "| 2013 2012 2011 | (In millions, except percentages) | Silicon Systems Group | Applied Global Services | Display | Energy and Environmental Solutions | Total |"}
{"_id": "d86e0dd20", "title": "", "text": "| Year Ended December 31, | 2006 | (In thousands, except per share data) | Statements of Operations Data: | Revenues: | Rental and management | Network development services | Total operating revenues | Operating expenses: | Costs of operations (exclusive of items shown separately below) | Rental and management | Network development services | Depreciation, amortization and accretion | Selling, general, administrative and development expense | Impairments, net loss on sale of long-lived assets, restructuring and merger related expense | Total operating expenses | Operating income (loss) | Interest income, TV Azteca, net | Interest income | Interest expense | Loss on retirement of long-term obligations | Other income (expense) | Income (loss) before income taxes, minority interest and income (loss) on equity method investments | Income tax (provision) benefit | Minority interest in net earnings of subsidiaries | Income (loss) on equity method investments | Income (loss) from continuing operations before cumulative effect of change in accounting principle | Basic and diluted income (loss) per common share from continuing operations before cumulative effect of change in accountingprinciple(1) | Weighted average common shares outstanding-1 | Basic | Diluted | Other Operating Data: | Ratio of earnings to fixed charges-2 |"}
{"_id": "d8bdeb0f4", "title": "", "text": "| Contingent consideration liability recorded $-69 | Fair value adjustment | Balanceas of December 31, 2010 | As of December 31, 2010 | (in millions) | Assets | Money market funds | Currency hedge contracts | $105 | Liabilities | Currency hedge contracts | Accruedcontingent consideration | $189 | Year Ended December 31, | 2010 | Beginning balance | Provision | Settlements/ reversals | Ending balance |"}
{"_id": "d818a3a10", "title": "", "text": "METLIFE, INC.  CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY FOR THE YEARS ENDED DECEMBER 31, 2006, 2005 AND 2004 (In millions)\nSee accompanying notes to consolidated financial statements.\ndefault for unsecured financing arrangements, including, among other things, limitations on consolidations, mergers and sales of assets.\nFinancial covenants under the 2018, 2016 and 2014 Credit Agreements include a consolidated indebtedness to consolidated EBITDA ratio of no greater than 5.0 to 1.0 through June 30, 2017, and no greater than 4.5 to 1.0 thereafter.\nIf our credit rating falls below investment grade, additional restrictions would result, including restrictions on investments and payment of dividends.\nWe were in compliance with all covenants under the 2018, 2016 and 2014 Credit Agreements as of December 31, 2018.\nAs of December 31, 2018, there were no borrowings outstanding under the Multicurrency Revolving Facility.\nWe may, at our option, redeem our senior notes, in whole or in part, at any time upon payment of the principal, any applicable make-whole premium, and accrued and unpaid interest to the date of redemption, except that the Floating Rate Notes due 2021 may not be redeemed until on or after March 20, 2019 and such notes do not have any applicable make-whole premium.\nIn addition, we may redeem, at our option, the 2.700% Senior Notes due 2020, the 3.375% Senior Notes due 2021, the 3.150% Senior Notes due 2022, the 3.700% Senior Notes due 2023, the 3.550% Senior Notes due 2025, the 4.250% Senior Notes due 2035 and the 4.450% Senior Notes due 2045 without any make-whole premium at specified dates ranging from one month to six months in advance of the scheduled maturity date.\nThe estimated fair value of our senior notes as of December 31, 2018, based on quoted prices for the specific securities from transactions in over-the-counter markets (Level 2), was $7,798.9 million.\nThe estimated fair value of Japan Term Loan A and Japan Term Loan B, in the aggregate, as of December 31, 2018, based upon publicly available market yield curves and the terms of the debt (Level 2), was $294.7 million.\nThe carrying values of U. S.  Term Loan B and U. S.  Term Loan C approximate fair value as they bear interest at short-term variable market rates.\nWe entered into interest rate swap agreements which we designated as fair value hedges of underlying fixed-rate obligations on our senior notes due 2019 and 2021.\nThese fair value hedges were settled in 2016.\nIn 2016, we entered into various variable-to-fixed interest rate swap agreements that were accounted for as cash flow hedges of U. S.  Term Loan B.\nIn 2018, we entered into cross-currency interest rate swaps that we designated as net investment hedges.\nThe excluded component of these net investment hedges is recorded in interest expense, net.\nSee Note 13 for additional information regarding our interest rate swap agreements.\nWe also have available uncommitted credit facilities totaling $55.0 million.\nAt December 31, 2018 and 2017, the weighted average interest rate for our borrowings was 3.1 percent and 2.9 percent, respectively.\nWe paid $282.8 million, $317.5 million, and $363.1 million in interest during 2018, 2017, and 2016, respectively.12.\nAccumulated Other Comprehensive (Loss) Income AOCI refers to certain gains and losses that under GAAP are included in comprehensive income but are excluded from net earnings as these amounts are initially recorded as an adjustment to stockholders’ equity.\nAmounts in AOCI may be reclassified to net earnings upon the occurrence of certain events.\nOur AOCI is comprised of foreign currency translation adjustments, including unrealized gains and losses on net investment hedges, unrealized gains and losses on cash flow hedges, and amortization of prior service costs and unrecognized gains and losses in actuarial assumptions on our defined benefit plans.\nForeign currency translation adjustments are reclassified to net earnings upon sale or upon a complete or substantially complete liquidation of an investment in a foreign entity.\nUnrealized gains and losses on cash flow hedges are reclassified to net earnings when the hedged item affects net earnings.\nAmounts related to defined benefit plans that are in AOCI are reclassified over the service periods of employees in the plan.\nSee Note 14 for more information on our defined benefit plans.\nThe following table shows the changes in the components of AOCI, net of tax (in millions):"}
{"_id": "d89926304", "title": "", "text": "| 2014 2013 2012 | Average yield | Fuel recovery fees | Total price | Volume | Recycled commodities | Total internal growth | Acquisitions / divestitures, net | Total | Core price |"}
{"_id": "d8a531806", "title": "", "text": "| September 29, 2007 September 30, 2006 September 24, 2005 | Cash, cash equivalents, and short-term investments | Accounts receivable, net | Inventory | Working capital | Annual operating cash flow |"}
{"_id": "d8da2d4ba", "title": "", "text": "2005 to 2004 Annual Comparison.\nTotal new annualized premiums increased $126 million, or 32%, from $398 million in 2004 to $524 million in 2005.\nThis increase in sales was due to higher group life sales to new clients, including a significant large case sale in the first quarter of 2005."}
{"_id": "d87c1d62c", "title": "", "text": "| Years Ended December 31, Change | (in millions) | Underwriting results: | Net premiums written | Increase in unearned premiums | Net premiums earned | Losses and loss adjustment expenses incurred | Acquisition expenses: | Amortization of deferred policy acquisition costs | Other acquisition expenses | Total acquisition expenses | General operating expenses | Underwriting income (loss) | Net investment income | Pre-tax operating income (loss) |"}
{"_id": "d8ca88442", "title": "", "text": "(a) Excludes $7 million of curtailment gains in 2013 related to the sale of Building Products that were recorded in Net (gains) losses on sales and impairments of businesses in the consolidated statement of operations.\nInternational Paper evaluates its actuarial assumptions annually as of December 31 (the measurement date) and considers changes in these long-term factors based upon market conditions and the requirements of employers accounting for postretirement benefits other than pensions.\nTemple-Inland's postretirement plan was remeasured on July 19, 2013 due to the sale of Building Products which reduced the obligation by $6 million.\nInternational Paper's postretirement plan was remeasured on January 31, 2012 due to a negative plan amendment which reduced our obligation by $29 million and reduced the 2012 expected benefit cost by $11 million.\nTemple-Inland's postretirement plan was remeasured on July 31, 2012 due to a negative plan amendment which reduced the obligation by $6 million and reduced 2012 expense by $1 million.\nThe discount rates used to determine net U. S.  and nonU.\nS.  postretirement benefit cost for the years ended December 31, 2014, 2013 and 2012 were as follows:"}
{"_id": "d8b8befc2", "title": "", "text": "| Total Less than 1 year 1-3 years 3-5 years More than 5 years | Property and casualty obligations [1] | Life, annuity and disability obligations [2] | Long-term debt obligations [3] | Operating lease obligations | Purchase obligations [4] [5] | Other long-term liabilities reflected onthe balance sheet [6] [7] | Total |"}
{"_id": "d892f2690", "title": "", "text": "| December 31, 2009 Activity During the Year Ended December 31, 2009 | (Dollars in millions) | Segment 1 | Segment 2 | Segment 3 | Total subprime ARMs | Other loans | Foreclosed properties | Total |"}
{"_id": "d86d31078", "title": "", "text": "| Years Ended December 31, | 2007 | (in millions, except percentages) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | General and administrative expense | Total expenses | Pretax income |"}
{"_id": "d8d152020", "title": "", "text": "Cash\nIRON MOUNTAIN INCORPORATED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) DECEMBER 31, 2016 (In thousands, except share and per share data) 152 13.\nStockholders' Equity Matters Our board of directors has adopted a dividend policy under which we have paid, and in the future intend to pay, quarterly cash dividends on our common stock.\nThe amount and timing of future dividends will continue to be subject to the approval of our board of directors, in its sole discretion, and to applicable legal requirements.\nOn September 15, 2014, we announced the declaration by our board of directors of a special distribution of $700,000 (the \"Special Distribution\"), payable to stockholders of record as of September 30, 2014 (the \"Record Date\").\nThe Special Distribution represented the remaining amount of our undistributed earnings and profits attributable to all taxable periods ending on or prior to December 31, 2013, which in accordance with tax rules applicable to REIT conversions, we were required to pay to our stockholders on or before December 31, 2014 in connection with our conversion to a REIT.\nThe Special Distribution also included certain items of taxable income that we recognized in 2014, such as depreciation recapture in respect of accounting method changes commenced in our pre-REIT period as well as foreign earnings and profits recognized as dividend income.\nThe Special Distribution followed an initial special distribution of $700,000 paid to stockholders in November 2012.\nThe Special Distribution was paid on November 4, 2014 (the \"Payment Date\") to stockholders of record as of the Record Date in a combination of common stock and cash.\nStockholders had the right to elect to be paid their pro rata portion of the Special Distribution in all common stock or all cash, with the total cash payment to stockholders limited to no more than $140,000, or 20% of the total Special Distribution, not including cash paid in lieu of fractional shares.\nBased on stockholder elections, we paid $140,000 of the Special Distribution in cash, not including cash paid in lieu of fractional shares, with the balance paid in the form of common stock.\nOur shares of common stock were valued for purposes of the Special Distribution based upon the average closing price on the three trading days following October 24, 2014, or $35.55 per share, and as such, we issued approximately 15,750,000 shares of common stock in the Special Distribution.\nThese shares impact weighted average shares outstanding from the date of issuance, and thus impact our earnings per share data prospectively from the Payment Date.\nIn November 2014, our board of directors declared a distribution of $0.255 per share (the \"Catch-Up Distribution\") payable on December 15, 2014 to stockholders of record on November 28, 2014.\nOur board of directors declared the Catch-Up Distribution because our cash distributions paid from January 2014 through July 2014 were declared and paid before our board of directors had determined that we would elect REIT status effective January 1, 2014 and were lower than they otherwise would have been if the final determination to elect REIT status effective January 1, 2014 had been prior to such distributions.\nIn 2015 and 2016, our board of directors declared the following dividends:"}
{"_id": "d88791cba", "title": "", "text": "| Year Ended December 31, | Risk-free interest rate | Expected dividend yield | Expected volatility | Expected term | Weighted average fair value per share |"}
{"_id": "d8dbe5a3c", "title": "", "text": "Investments In accordance with the Company's policy, as outlined in Note B, \"Accounting Policies,\" the Company assessed its investment in Altus Pharmaceuticals, Inc.  (\"Altus\"), which it accounts for using the cost method, and determined that there had not been any adjustments to the fair values of that investment which would indicate a decrease in its fair value below the carrying value that would require the Company to write down the investment basis of the asset, as of December 31, 2005 and December 31, 2004.\nThe Company's cost basis carrying value in its outstanding equity and warrants of Altus was $18,863,000 at December 31, 2005 and 2004."}
{"_id": "d8e96bcba", "title": "", "text": "Regulatory Tax Examinations The firm is subject to examination by the U. S.  Internal Revenue Service (IRS) and other taxing authorities in jurisdictions where the firm has significant business operations, such as the United Kingdom, Japan, Hong Kong and various states, such as New York.\nThe tax years under examination vary by jurisdiction.\nThe firm does not expect completion of these audits to have a material impact on the firm’s financial condition but it may be material to operating results for a particular period, depending, in part, on the operating results for that period.\nThe table below presents the earliest tax years that remain subject to examination by major jurisdiction."}
{"_id": "d869a279a", "title": "", "text": "| 2003 2 20022 % Change | OILFIELD SERVICES | Operating Revenue | Pretax Segment Income1 | WESTERNGECO | Operating Revenue | Pretax Segment Income1,3 | SCHLUMBERGERSEMA | Operating Revenue | Pretax Segment Income1 | OTHER4 | Operating Revenue | Pretax Segment Income1 |"}
{"_id": "d887a48e2", "title": "", "text": "| Year Ended December 31, 2006 | Financial Services Businesses | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Investment income after investment expenses | Investment results of other entities and operations-2 | Total investment income | Year Ended December 31, 2005 | Financial Services Businesses | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Investment income after investment expenses | Investment results of other entities and operations-2 | Total investment income |"}
{"_id": "d8e452468", "title": "", "text": "| 2012 2011 2010 | Gain on sale of discontinued operations before income taxes | Provision for income taxes | Gain on sale of discontinued operations, net of tax | Years Ended December 31, | 2013 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Operating earnings | Year Ended December 31, | 2014 | (In thousands) | Beginning balance | Net income | Distributions & Redemptions | Contributions | Adjustment to redeemable noncontrolling interests | Ending balance |"}
{"_id": "d8145f17a", "title": "", "text": "| 2010 2009 2008 | Balance at beginning of year | Additions due to the Allied acquisition | Additions based on tax positions related to current year | Reductions for tax positions related to the current year | Additions for tax positions of prior years | Reductions for tax positions of prior years | Reductions for tax positions resulting from lapse of statute of limitations | Settlements | Balance at end of year |"}
{"_id": "d8c2f1044", "title": "", "text": "2015 compared to 2014 Ahafo, Ghana.\nGold production decreased 25% primarily due to lower ore grade milled, lower throughput as a result of load shedding requirements related to the power shortage in Ghana and lower mill recovery from changes in ore blend, partially offset by a reduction of in-circuit inventory.\nCosts applicable to sales per ounce increased 10% primarily due to lower ounces sold, partially offset by lower oil prices.\nDepreciation and amortization per ounce increased 18% due to lower ounces sold, partially offset by lower amortization rates.\nAll-in sustaining costs per ounce increased 5% due to higher costs applicable to sales per ounce, partially offset by lower sustaining capital spend."}
{"_id": "d893b45a6", "title": "", "text": "organization and distribution channel refinements.\nThe Company committed to a defined plan of action, which resulted in an aggregate pre-tax charge of $117.4 million, of which $0.8 million was included in discontinued operations, and $59.4 million was cash related.\nOn an after-tax basis, the aggregate charge was $76.9 million, of which $0.5 million was included in discontinued operations, equal to $.32 per diluted share.\nSpecifically, the charge includes the following: ?\nInternet.\nIn an effort to achieve strategic objectives, reduce costs and improve profitability, the Company outsourced Gloss.\ncom platform development and maintenance efforts to a third-party provider.\nAdditionally, Gloss.\ncom closed its San Francisco facility and consolidated its operations in New York.\nAs a result, included in the charge is a $23.9 million provision for restructuring the Gloss.\ncom operations, including benefits and severance packages for 36 employees as well as asset writeoffs.\nThe Company also took a $20.1 million charge to write off the related Gloss.\ncom acquisition goodwill.  ?\nSupply Chain.\nBuilding on previously announced supply chain initiatives, the Company restructured certain manufacturing, distribution, research and development, information systems and quality assurance operations in the United States, Canada and Europe, which included benefits and severance packages for 110 employees.\nA charge of $23.7 million was recorded related to this effort.  ?\nGlobalization of Organization.\nThe Company continued to implement its transition, announced in fiscal 2001, to a global brand structure designed to streamline the decision making process and increase innovation and speed-to-market.\nThe next phase of this transition entailed eliminating duplicate functions and responsibilities, which resulted in charges for benefits and severance for 122 employees.\nThe Company recorded a charge of $27.1 million associated with these efforts.  ?\nDistribution.\nThe Company evaluated areas of distribution relative to its financial targets and decided to focus its resources on the most productive sales channels and markets.\nAs a result, the Company closed its operations in Argentina and the remaining customers are being serviced by the Companys Chilean affiliate.\nThe Company began closing all remaining in-store tommys shops and other select points of distribution.\nThe Company recorded a $22.6 million provision related to these actions, which included benefits and severance for 85 employees.\nFollowing is a summary of the charges as recorded in the consolidated statement of earnings for fiscal 2002:"}
{"_id": "d8779f1fe", "title": "", "text": "| December 31 | (Dollars in millions) | Commercial – domestic-1 | Commercial real estate | Commercial – foreign | Total impaired loans |"}
{"_id": "d89ad194c", "title": "", "text": "Liquidity and Capital Resources During the past three years, we had sufficient financial resources to meet our operating requirements, to fund our capital spending, share repurchases and pension plans and to pay increasing dividends to our shareholders.\nCash from operating activities was $1,436 million, $1,310 million, and $1,345 million in 2011, 2010, and 2009, respectively.\nHigher earnings increased cash from operations in 2011 compared to 2010, but the increase was reduced by cash used to fund an increase in working capital of $212 million driven by our sales growth in 2011.\nCash provided by working capital was greater in 2009 than 2010 and that decline was more than offset by the cash from higher 2010 earnings.\nOperating Working Capital is a subset of total working capital and represents (1) trade receivables-net of the allowance for doubtful accounts, plus (2) inventories on a first-in, first-out (“FIFO”) basis, less (3) trade creditors’ liabilities.\nSee Note 3, “Working Capital Detail” under Item 8 of this Form 10-K for further information related to the components of the Company’s Operating Working Capital.\nWe believe Operating Working Capital represents the key components of working capital under the operating control of our businesses.\nOperating Working Capital at December 31, 2011 and 2010 was $2.7 billion and $2.6 billion, respectively.\nA key metric we use to measure our working capital management is Operating Working Capital as a percentage of sales (fourth quarter sales annualized)."}
{"_id": "d8d6c5eb2", "title": "", "text": "ADOBE SYSTEMS INCORPORATED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 89 In the first quarter of fiscal 2013, the Executive Compensation Committee certified the actual performance achievement of participants in the 2012 Performance Share Program (the 2012 Program).\nBased upon the achievement of specific and/or marketbased performance goals outlined in the 2012 Program, participants had the ability to receive up to 150% of the target number of shares originally granted.\nActual performance resulted in participants achieving 116% of target or approximately 1.3 million shares for the 2012 Program.\nOne third of the shares under the 2012 Program vested in the first quarter of fiscal 2013 and the remaining two thirds vest evenly on the following two anniversaries of the grant, contingent upon the recipient's continued service to Adobe.\nIn the first quarter of fiscal 2012, the Executive Compensation Committee certified the actual performance achievement of participants in the 2011 Performance Share Program (the 2011 Program).\nBased upon the achievement of goals outlined in the 2011 Program, participants had the ability to receive up to 150% of the target number of shares originally granted.\nActual performance resulted in participants achieving 130% of target or approximately 0.5 million shares for the 2011 Program.\nOne third of the shares under the 2011 Program vested in the first quarter of fiscal 2012 and the remaining two thirds vest evenly on the following two annual anniversary dates of the grant, contingent upon the recipient's continued service to Adobe.\nIn the first quarter of fiscal 2011, the Executive Compensation Committee certified the actual performance achievement of participants in the 2010 Performance Share Program (the 2010 Program).\nBased upon the achievement of goals outlined in the 2010 Program, participants had the ability to receive up to 150% of the target number of shares originally granted.\nActual performance resulted in participants achieving 135% of target or approximately 0.3 million shares for the 2010 Program.\nOne third of the shares under the 2011 Program vested in the first quarter of fiscal 2012 and the remaining two thirds vest evenly on the following two annual anniversary dates of the grant, contingent upon the recipient's continued service to Adobe.\nThe following table sets forth the summary of performance share activity under our 2010, 2011 and 2012 programs, based upon share awards actually achieved, for the fiscal years ended November 29, 2013, November 30, 2012 and December 2, 2011 (in thousands):"}
{"_id": "d8e435f98", "title": "", "text": "| Amount (In Millions) | 2016 net revenue | Regulatory credit resulting from reduction of thefederal corporate income tax rate | Retail electric price | Louisiana Act 55 financing savings obligation | Volume/weather | Other | 2017 net revenue |"}
{"_id": "d8e9467c6", "title": "", "text": "| Stockholders' Equity Shares in thousands | (Dollars in millions, except per share data) | Common stock issued | Balance at beginning of year | Issuances(a) | Balance at end of year | Common stock held in treasury, at cost | Balance at beginning of year | Repurchases | Reissuances for employee stock plans | Balance at end of year | Comprehensive Income | 2006 | Additional paid-in capital | Balance at beginning of year | Stock issuances(a) | Stock-based compensation expense | Balance at end of year | Unearned compensation | Balance at beginning of year | Change in accounting principle | Changes during year | Balance at end of year | Retained earnings | Balance at beginning of year | Net income | Dividends paid (per share: $1.53 in 2006, $1.22 in 2005 and $1.03 in 2004) | Balance at end of year | Accumulated other comprehensive loss | Minimum pension liability adjustments: | Balance at beginning of year | Changes during year, net of tax of $74, $42 and $3 | Reclassification to defined benefit postretirement plans | Balance at end of year | Defined benefit postretirement plans: | Balance at beginning of year | Reclassification from minimum pension liability adjustments | Change in accounting principle, net of tax of $289 | Balance at end of year | Deferred gains (losses) on derivative instruments: | Balance at beginning of year | Reclassification of the cumulative effect adjustment into net income, net of tax of $–, $– and $1 | Changes in fair value, net of tax of $1, $3 and $20 | Reclassification to net income, net of tax of $–, $– and $30 | Balance at end of year | Other: | Balance at beginning of year | Changes during year, net of tax of $8, $– and $– | Balance at end of year | Total at end of year | Comprehensive income | Total stockholders' equity |"}
{"_id": "d875c5126", "title": "", "text": "| Year Ended December 31, 2015 | ($ in millions, except per share amounts) | Sales and service revenues | Operating income (loss) | Earnings (loss) before income taxes | Net earnings (loss) | Dividends declared per share | Basic earnings (loss) per share | Diluted earnings (loss) per share |"}
{"_id": "d8aa0443c", "title": "", "text": "| Payments Due in Fiscal | Total | (In millions) | Debt service-1 | Operating lease commitments-2 | Unconditional purchase obligations-3 | Gross unrecognized tax benefits and interest — current-4 | Total contractual obligations |"}
{"_id": "d8d885522", "title": "", "text": "| Year Ended April 30, | 2019 | Gross profit | Selling, distribution, and administrative expenses: | Marketing | Advertising | Selling | Distribution | General and administrative | Total selling, distribution, and administrative expenses | Amortization | Goodwill impairment charges | Other intangible assets impairment charges | Other special project costs | Other operating expense (income) – net | Operating income |"}
{"_id": "d87e2e470", "title": "", "text": "The table below presents CVA, DVA and FVA gains (losses) on derivatives, which are recorded in trading account profits, on a gross and net of hedge basis for 2014, 2013 and 2012.\nCVA gains reduce the cumulative CVA thereby increasing the derivative assets balance.\nDVA gains increase the cumulative DVA thereby decreasing the derivative liabilities balance.\nCVA and DVA losses have the opposite impact.\nFVA gains related to derivative assets reduce the cumulative FVA thereby increasing the derivative assets balance.\nFVA gains related to derivative liabilities increase the cumulative FVA thereby decreasing the derivative liabilities balance."}
{"_id": "d8e69ff18", "title": "", "text": "| 2016 vs. 2015 | Income / (Expense) | Company sales | Cost of sales | Cost of labor | Occupancy and other | Company restaurant expense | Restaurant profit |"}
{"_id": "d88791ef4", "title": "", "text": "FIVE-YEAR STOCK PERFORMANCE The following table and graph compare the five-year cumulative total return for JPMorgan Chase & Co"}
{"_id": "d86978ed6", "title": "", "text": "| for the fiscal years ended September 30, 2013 2012 2011 | Net carrying value at beginning of year | Additions, net of disposals | Amortization | Net Carrying Value at End of Year |"}
{"_id": "d86d5f090", "title": "", "text": "| Fiscal2018 Fiscal2017 Fiscal2016 % Change2018-2017 % Change2017-2016 | Digital Media | Percentage of total revenue | Digital Experience | Percentage of total revenue | Publishing | Percentage of total revenue | Total revenue |"}
{"_id": "d8b781e02", "title": "", "text": "| 2007 Quarters 2006 Quarters | Fourth | Earnings and dividends | Amounts in thousands, except per share | Interest income (taxable-equivalent basis) | Interest expense | Net interest income | Less: provision for credit losses | Other income | Less: other expense | Income before income taxes | Applicable income taxes | Taxable-equivalent adjustment | Net income | Per common share data | Basic earnings | Diluted earnings | Cash dividends | Average common shares outstanding | Basic | Diluted | Performance ratios, annualized | Return on | Average assets | Average common stockholders’ equity | Net interest margin on average earning assets (taxable-equivalent basis) | Nonperforming loans to total loans and leases, net of unearned discount | Efficiency ratio(a) | Net operating (tangible) results(b) | Net operating income (in thousands) | Diluted net operating income per common share | Annualized return on | Average tangible assets | Average tangible common stockholders’ equity | Efficiency ratio(a) | Balance sheet data | In millions, except per share | Average balances | Total assets(c) | Total tangible assets(c) | Earning assets | Investment securities | Loans and leases, net of unearned discount | Deposits | Stockholders’ equity(c) | Tangible stockholders’ equity(c) | At end of quarter | Total assets(c) | Total tangible assets(c) | Earning assets | Investment securities | Loans and leases, net of unearned discount | Deposits | Stockholders’ equity(c) | Tangible stockholders’ equity(c) | Equity per common share | Tangible equity per common share | Market price per common share | High | Low | Closing |"}
{"_id": "d8f7e6c72", "title": "", "text": "| By remaining maturity at Available-for-sale securities Held-to-maturity securities | December 31, 2008 | Due in one year or less | Due after one year through five years | Due after five years through ten years | Due after ten years(a) | Total securities |"}
{"_id": "d8863d0a8", "title": "", "text": "| Actual Capital Regulatory Capital Requirements | December 31, 2012 | (in millions) | RiverSource Life-1(2) | RiverSource Life of NY-1(2) | IDS Property Casualty-1(3) | Ameriprise Insurance Company-1(3) | ACC-4(5) | Threadneedle-6 | Ameriprise Bank, FSB-7 | AFSI-3(4) | Ameriprise Captive Insurance Company-3 | Ameriprise Trust Company-3 | AEIS-3(4) | RiverSource Distributors, Inc.-3(4) | Columbia Management Investment Distributors, Inc.-3(4) |"}
{"_id": "d824418cc", "title": "", "text": "Unconditional Purchase Obligations Approximately $390 of our long-term unconditional purchase obligations relate to feedstock supply for numerous HyCO (hydrogen, carbon monoxide, and syngas) facilities.\nThe price of feedstock supply is principally related to the price of natural gas.\nHowever, long-term take-or-pay sales contracts to HyCO customers are generally matched to the term of the feedstock supply obligations and provide recovery of price increases in the feedstock supply.\nDue to the matching of most long-term feedstock supply obligations to customer sales contracts, we do not believe these purchase obligations would have a material effect on our financial condition or results of operations.\nRefer to Note 17, Commitments and Contingencies, to the consolidated financial statements for additional information on our unconditional purchase obligations.\nThe unconditional purchase obligations also include other product supply and purchase commitments and electric power and natural gas supply purchase obligations, which are primarily pass-through contracts with our customers.\nIn addition, purchase commitments to spend approximately $540 for additional plant and equipment are included in the unconditional purchase obligations in 2016.\nWe also purchase materials, energy, capital equipment, supplies, and services as part of the ordinary course of business under arrangements that are not unconditional purchase obligations.\nThe majority of such purchases are for raw materials and energy, which are obtained under requirements-type contracts at market prices."}
{"_id": "d82b42036", "title": "", "text": "Net Sales Comparison for Years Ended December 28, 2003 and December 29, 2002 Total net sales of $3,519 million in 2003 increased 30 percent compared to net sales of $2,697 million in 2002.\nComputation Products net sales of $1,960 million in 2003 increased 12 percent compared to net sales of $1,756 million in 2002.\nThe increase in net sales was primarily due to a 15 percent increase in microprocessor unit shipments due primarily to increased demand from our OEM customers, partially offset by a decline of four percent in the average selling prices of our microprocessor products.\nUnit shipment growth was particularly strong in Latin America and China, which accounted for 77 percent of overall unit growth.\nMemory Products net sales of $1,419 million in 2003 increased 92 percent compared to net sales of $741 million in 2002.\nThe increase in net sales was primarily attributable to the effect of consolidating FASL LLCs results of operations, which include FASL LLCs sales to Fujitsu, and increased demand for Flash memory products.\nFurther quantification of the breakdown in the increase in net sales is not practical due to the reorganization of geographical sales territories between AMD and Fujitsu.\nAll Other net sales of $140 million in 2003 decreased 30 percent compared to net sales of $200 million in 2002 and consisted primarily of net sales of our Personal Connectivity Solutions products.\nThe decrease was due"}
{"_id": "d8ced7548", "title": "", "text": "| Pension Benefits Other Postretirement Benefits | (in millions) | Amortization of transition obligation | Amortization of prior service cost | Amortization of actuarial (gain) loss, net | Total |"}
{"_id": "d897e4450", "title": "", "text": "| December 31, 2011In millions 1 Year or Less 1 Through 5 Years After 5 Years Gross Loans | Commercial | Commercial real estate - Real estate projects | Total | Loans with: | Predetermined rate | Floating or adjustable rate | Total |"}
{"_id": "d87d41760", "title": "", "text": "The following table summarizes the premiums and losses that are ceded by the Company to Mt.\nLogan Re segregated accounts and assumed by the Company from Mt.\nLogan Re segregated accounts."}
{"_id": "d896448e8", "title": "", "text": "| Premiums Payable Premiums Receivable | (in millions) | 2016 | 2017 | 2018 | 2019 | 2020 | 2021-2027 | Total |"}
{"_id": "d862f0a46", "title": "", "text": "Note 28  Regulatory capital The Federal Reserve establishes capital requirements, including well-capitalized standards, for the consolidated financial holding company.\nThe OCC establishes similar capital requirements and standards for the Firms national banks, including JPMorgan Chase Bank, N. A.  and Chase Bank USA, N. A.  Basel III rules under the transitional Standardized and Advanced Approaches (Basel III Standardized Transitional and Basel III Advanced Transitional, respectively) became effective on January 1, 2014; December 31, 2013 data is based on Basel I rules.\nBasel III establishes two comprehensive methodologies for calculating RWA (a Standardized approach and an Advanced approach) which include capital requirements for credit risk, market risk, and in the case of Basel III Advanced, also operational risk.\nKey differences in the calculation of credit risk RWA between the Standardized and Advanced approaches are that for Basel III Advanced, credit risk RWA is based on risk-sensitive approaches which largely rely on the use of internal credit models and parameters, whereas for Basel III Standardized, credit risk RWA is generally based on supervisory risk- weightings which vary primarily by counterparty type and asset class.\nMarket risk RWA is calculated mostly consistent across Basel III Standardized and Basel III Advanced, both of which incorporate the requirements set forth in Basel 2.5.\nFor 2014, Basel III Standardized Transitional requires the Firm to calculate its capital ratios using the Basel III definition of capital divided by the Basel I definition of RWA, inclusive of Basel 2.5 for market risk.\nBeginning in 2014, there are three categories of risk-based capital under the Basel III Transitional rules: Common Equity Tier 1 capital (CET1 capital), as well as Tier 1 capital and Tier 2 capital.\nCET1 capital predominantly includes common stockholders equity (including capital for AOCI related to debt and equity securities classified as AFS as well as for defined benefit pension and OPEB plans), less certain deductions for goodwill, MSRs and deferred tax assets that arise from NOL and tax credit carryforwards.\nTier 1 capital is predominantly comprised of CET1 capital as well as perpetual preferred stock.\nTier 2 capital includes long-term debt qualifying as Tier 2 and qualifying allowance for credit losses.\nTotal capital is Tier 1 capital plus Tier 2 capital.\nOn February 21, 2014, the Federal Reserve and the OCC informed the Firm and its national bank subsidiaries that they had satisfactorily completed the parallel run requirements and were approved to calculate capital under Basel III Advanced, in addition to Basel III Standardized, as of April 1, 2014.\nIn conjunction with its exit from the parallel run, the capital adequacy of the Firm and its national bank subsidiaries is evaluated against the Basel III approach (Standardized or Advanced) which results, for each quarter beginning with the second quarter of 2014, in the lower ratio (the Collins Floor), as required by the Collins Amendment of the Dodd-Frank Act.\nThe following tables present the regulatory capital, assets and risk-based capital ratios for JPMorgan Chase and its significant national bank subsidiaries under both Basel III Standardized Transitional and Basel III Advanced Transitional at December 31, 2014, and under Basel I at December 31, 2013."}
{"_id": "d8cd8ab36", "title": "", "text": "| Amount (In Thousands) | 2014 | 2015 | 2016 | 2017 | 2018 |"}
{"_id": "d8e90caa8", "title": "", "text": "| Total (in$millions) | 2006 | 2007 | 2008 | 2009 | 2010 | Thereafter-1 | Total |"}
{"_id": "d890abdd2", "title": "", "text": "| Payments due by | 2019 | Principal payments on debt | Interest payments on debt | Operating leases | Pension and other postretirement benefit plans | Purchase obligations | Total | Average Interest Rate | Cash equivalents: | Fixed rate | Variable rate | Short-term investments: | Fixed rate |"}
{"_id": "d8b878338", "title": "", "text": "| Business Overview 20 | 2018 in Summary | 2019 Outlook | Results of Operations | Reconciliation of Non-GAAP Financial Measures | Liquidity and Capital Resources | Contractual Obligations | Pension Benefits | Environmental Matters | Off-Balance Sheet Arrangements | Related Party Transactions | Inflation | Critical Accounting Policies and Estimates | New Accounting Guidance |"}
{"_id": "d80ee262a", "title": "", "text": "The Company is required to establish a valuation allowance for any portion of the deferred tax assets that management believes will not be realized.\nIncluded in deferred tax assets is a significant deferred tax asset relating to capital losses that have been recognized for financial statement purposes but not yet for tax return purposes.\nUnder current U. S.  federal income tax law, capital losses generally must be used against capital gain income within five years of the year in which the capital losses are recognized for tax purposes.\nSignificant judgment is required in determining if a valuation allowance should be established, and the amount of such allowance if required.\nFactors used in making this determination include estimates relating to the performance of the business including the ability to generate capital gains.\nConsideration is given to, among other things in making this determination, i) future taxable income exclusive of reversing temporary differences and carryforwards, ii) future reversals of existing taxable temporary differences, iii) taxable income in prior carryback years, and iv) tax planning strategies.\nBased on analysis of the Company’s tax position, management believes it is more likely than not that the results of future operations and implementation of tax planning strategies will generate sufficient taxable income to enable the Company to utilize all of its deferred tax assets.\nAccordingly, no valuation allowance for deferred tax assets has been established as of December 31, 2009 and 2008.\nIncluded in the Company’s deferred income tax assets are tax benefits related to net operating loss carryforwards of $59 million which will expire beginning December 31, 2025 as well as tax credit carryforwards of $166 million which will expire beginning December 31, 2025."}
{"_id": "d8d590b82", "title": "", "text": "PART IV ITEM 15.\nEXHIBITS, FINANCIAL STATEMENT SCHEDULES, AND REPORTS ON FORM 8-K The Companys Consolidated Financial Statements and report of independent auditors are set forth on pages 61-101.\nFinancial Statement Schedules  All financial statement schedules for which provision is made in the applicable accounting regulations of the Securities and Exchange Commission are not required under the related instructions, the required information is contained elsewhere in the Form 10-K, or the schedules are inapplicable and have therefore been omitted.\nExhibits  The index of exhibits and any exhibits filed as part of the 2002 Form 10-K are accessible at no cost on the Companys website at www.\nzionsbancorporation.\ncom or through the United States Securities and Exchange Commissions website at www.\nsec.\ngov.\nCopies of exhibits may also be requested from the Companys investor relations department.\nReports on Form 8-K filed during the fourth quarter of 2002 and through the date of this Form 10-K filing: October 4, 2002  Item 9.\nExhibit 99.\nA copy of a press release dated October 3, 2002 reporting on charges related to expense reduction plans and impaired investments.\nOctober 21, 2002  Items 5 and 7.\nExhibit 99.1.\nA copy of a press release dated October 17, 2002 announcing third quarter 2002 earnings with additional statements of income by quarter.\nNovember 14, 2002  Items 7 and 9.\nExhibits 99.1 and 99.2.\nCertifications, dated November 14, 2002, of Chief Executive Officer of the Company, Harris H.  Simmons, and Chief Financial Officer, Doyle L.  Arnold, pursuant to 18 U. S. C.  Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.\nJanuary 23, 2003  Item 9.\nExhibit 99.\nA copy of a press release dated January 23, 2003 announcing fourth quarter 2002 earnings."}
{"_id": "d8ef39610", "title": "", "text": "Entergy Corporation and Subsidiaries Notes to Financial Statements Reallocation Agreement (Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and System Energy) System Energy, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans entered into the Reallocation Agreement relating to the sale of capacity and energy from Grand Gulf and the related costs, in which Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans agreed to assume all of Entergy Arkansass responsibilities and obligations with respect to Grand Gulf under the Availability Agreement. ?\n?The FERCs decision allocating a portion of Grand Gulf capacity and energy to Entergy Arkansas supersedes the Reallocation Agreement as it relates to Grand Gulf. ?\n?Responsibility for any Grand Gulf 2 amortization amounts has been individually allocated (Entergy Louisiana-26.23%, Entergy Mississippi-43.97%, and Entergy New Orleans-29.80%) under the terms of the Reallocation Agreement. ?\n?However, the Reallocation Agreement does not affect Entergy Arkansass obligation to System Energys lenders under the assignments referred to in the preceding paragraph. ?\n?Entergy Arkansas would be liable for its share of such amounts if Entergy Louisiana, Entergy Mississippi, and Entergy New Orleans were unable to meet their contractual obligations. ?\n?No payments of any amortization amounts will be required so long as amounts paid to System Energy under the Unit Power Sales Agreement, including other funds available to System Energy, exceed amounts required under the Availability Agreement, which is expected to be the case for the foreseeable future.\nEntergy Corporation and Subsidiaries Notes to Financial Statements 150 NOTE 9.\nASSET RETIREMENT OBLIGATIONS (Entergy Corporation, Entergy Arkansas, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, Entergy Texas, and System Energy) Accounting standards require companies to record liabilities for all legal obligations associated with the retirement of long-lived assets that result from the normal operation of the assets. ?\n?For Entergy, substantially all of its asset retirement obligations consist of its liability for decommissioning its nuclear power plants. ?\n?In addition, an insignificant amount of removal costs associated with non-nuclear power plants is also included in the decommissioning line item on the balance sheets.  ?\nThese liabilities are recorded at their fair values (which are the present values of the estimated future cash outflows) in the period in which they are incurred, with an accompanying addition to the recorded cost of the longlived asset. ?\n?The asset retirement obligation is accreted each year through a charge to expense, to reflect the time value of money for this present value obligation. ?\n?The accretion will continue through the completion of the asset retirement activity. ?\n?The amounts added to the carrying amounts of the long-lived assets will be depreciated over the useful lives of the assets. ?\n?The application of accounting standards related to asset retirement obligations is earnings neutral to the rate-regulated business of the Registrant Subsidiaries.\nIn accordance with ratemaking treatment and as required by regulatory accounting standards, the depreciation provisions for the Registrant Subsidiaries include a component for removal costs that are not asset retirement obligations under accounting standards. ?\n?In accordance with regulatory accounting principles, the Registrant Subsidiaries have recorded regulatory assets (liabilities) in the following amounts to reflect their estimates of the difference between estimated incurred removal costs and estimated removal costs recovered in rates:"}
{"_id": "d8201ba40", "title": "", "text": "| December 31, 2009 | Amortized cost | (in millions) | Finance — Banking | Finance — Brokerage | Finance — Finance Companies | Finance — Financial Other | Finance — Insurance | Finance — REITS | Industrial — Basic Industry | Industrial — Capital Goods | Industrial — Communications | Industrial — Consumer Cyclical | Industrial — Consumer Non-Cyclical | Industrial — Energy | Industrial — Other | Industrial — Technology | Industrial — Transportation | Utility — Electric | Utility — Natural Gas | Utility — Other | FDIC guaranteed | Government guaranteed | Total corporate securities | Residential pass-through securities | Commercial mortgage-backed securities | Residential collateralized mortgage obligations -1 | Asset-backed securities — Home equity -2 | Asset-backed securities — All other | Collateralized debt obligations — Credit | Collateralized debt obligations — CMBS | Collateralized debt obligations — Loans | Collateralized debt obligations — ABS -3 | Total mortgage-backed and other asset-backed securities | U.S. Government and agencies | States and political subdivisions | Non-U.S. governments | Total fixed maturity securities, available-for-sale |"}
{"_id": "d8729959c", "title": "", "text": "| In millions December 312014 December 31 2013 | Home equity and residential real estate loans – excluding purchased impaired loans (a) | Home equity and residential real estate loans – purchased impaired loans (b) | Government insured or guaranteed residential real estate mortgages (a) | Purchase accounting adjustments – purchased impaired loans | Total home equity and residential real estate loans (a) |"}
{"_id": "d873213e8", "title": "", "text": "| Three Months Ended 2018 | March 31 | Total revenues | Income (loss) before income taxes and equity income from investments in unconsolidated joint ventures | Net income (loss) | Net income (loss) applicable to HCP, Inc. | Dividends paid per common share | Basic earnings per common share | Diluted earnings per common share | Three Months Ended 2017 | March 31 | Total revenues | Income (loss) before income taxes and equity income from investments in unconsolidated joint ventures | Net (loss) income | Net (loss) income applicable to HCP, Inc. | Dividends paid per common share | Basic earnings per common share | Diluted earnings per common share |"}
{"_id": "d8b4c1a82", "title": "", "text": "| As of December 31, | 2015 | (Dollars in thousands) | BALANCE SHEET DATA: | Cash and cash equivalents | Total assets -5 | Long-term debt, including current portion, net -5 | Notes payable on real estate, net -5 | Total liabilities -5 | Total CBRE Group, Inc. stockholders’ equity |"}
{"_id": "d8959cd82", "title": "", "text": "| 2017 2016 2015 | Ameren Missouri | Ameren Illinois Electric Distribution | Ameren Illinois Natural Gas | Ameren Illinois Transmission | ATXI | Other(a) | Ameren |"}
{"_id": "d8741987c", "title": "", "text": "| Payments Due by Period | As of December 31, 2006 (in millions) | Borrowings | Subordinated notes | Total on-balance-sheet | Operating leases | Purchase obligations | Total |"}
{"_id": "d89ad1a00", "title": "", "text": "The change in operating working capital elements, excluding the impact of currency and acquisitions, was an increase of $195 million during the year ended December 31, 2011.\nThis increase was the net result of an increase in receivables from customers associated with the 2011 increase in sales and an increase in FIFO inventory slightly offset by an increase in trade creditors’ liabilities.\nTrade receivables from customers, net, as a percentage of fourth quarter sales, annualized, for 2011 was 17.9 percent, down slightly from 18.1 percent for 2010.\nDays sales outstanding was 66 days in 2011, level with 2010.\nInventories on a FIFO basis as a percentage of fourth quarter sales, annualized, for 2011 was 13.1 percent level with 2010.\nInventory turnover was 5.0 times in 2011 and 4.6 times in 2010.\nTotal capital spending, including acquisitions, was $446 million, $341 million and $265 million in 2011, 2010, and 2009, respectively.\nSpending related to modernization and productivity improvements, expansion of existing businesses and environmental control projects was $390 million, $307 million and $239 million in 2011, 2010, and 2009, respectively, and is expected to be in the range of $450-$550 million during 2012.\nCapital spending, excluding acquisitions, as a percentage of sales was 2.6%, 2.3% and 2.0% in 2011, 2010 and 2009, respectively.\nCapital spending related to business acquisitions amounted to $56 million, $34 million, and $26 million in 2011, 2010 and 2009, respectively.\nWe continue to evaluate acquisition opportunities and expect to use cash in 2012 to fund small to mid-sized acquisitions, as part of a balanced deployment of our cash to support growth in earnings.\nIn January 2012, the Company closed the previously announced acquisitions of Colpisa, a Colombian producer of automotive OEM and refinish coatings, and Dyrup, a European architectural coatings company.\nThe cost of these acquisitions, including assumed debt, was $193 million.\nDividends paid to shareholders totaled $355 million, $360 million and $353 million in 2011, 2010 and 2009, respectively.\nPPG has paid uninterrupted annual dividends since 1899, and 2011 marked the 40th consecutive year of increased annual dividend payments to shareholders.\nWe did not have a mandatory contribution to our U. S.  defined benefit pension plans in 2011; however, we made voluntary contributions to these plans in 2011 totaling $50 million.\nIn 2010 and 2009, we made voluntary contributions to our U. S.  defined benefit pension plans of $250 and $360 million (of which $100 million was made in PPG stock), respectively.\nWe expect to make voluntary contributions to our U. S.  defined benefit pension plans in 2012 of up to $60 million.\nContributions were made to our non-U.\nS.  defined benefit pension plans of $71 million, $87 million and $90 million (of which approximately $20 million was made in PPG stock) for 2011, 2010 and 2009, respectively, some of which were required by local funding requirements.\nWe expect to make mandatory contributions to our non-U.\nS.  plans in 2012 of approximately $90 million.\nThe Company’s share repurchase activity in 2011, 2010 and 2009 was 10.2 million shares at a cost of $858 million, 8.1 million shares at a cost of $586 million and 1.5 million shares at a cost of $59 million, respectively.\nWe expect to make share repurchases in 2012 as part of our cash deployment focused on earnings growth.\nThe amount of spending will depend on the level of acquisition spending and other uses of cash, but we currently expect to spend in the range of $250 million to $500 million on share repurchases in 2012.\nWe can repurchase about 9 million shares under the current authorization from the Board of Directors."}
{"_id": "d8a6affd4", "title": "", "text": "The unaudited pro forma financial information includes adjustments for amortization of identifiable intangible assets, accretion of discounts to fair value associated with debt, environmental, self-insurance and other liabilities, accretion of capping, closure and post-closure obligations and amortization of the related assets, and provision for income taxes.\nAssets Held For Sale As a condition of the merger with Allied, the Department of Justice (DOJ) required us to divest of certain assets and related liabilities.\nAs such, we classified these assets and liabilities as assets held for sale in our consolidated balance sheet at December 31, 2008.\nCertain of the legacy Republic assets classified as held for sale were adjusted to their estimated fair values less costs to sell and resulted in the recognition of an asset impairment loss of $1.8 million and $6.1 million in our consolidated statements of income for the years ended December 31, 2009 and 2008, respectively.\nThe assets held for sale related to operations that were Allied’s were recorded at their estimated fair values in our consolidated balance sheet as of December 31, 2008 in"}
{"_id": "d8b9c12b2", "title": "", "text": "| 2018 2017 2016 | Total FAS expense and CAS costs | FAS pension expense | Less: CAS pension cost | Net FAS/CAS pension adjustment | Service and non-service cost reconciliation | FAS pension service cost | Less: CAS pension cost | FAS/CAS operating adjustment | Non-operating FAS pension expense(a) | Net FAS/CAS pension adjustment |"}
{"_id": "d8aeedf3e", "title": "", "text": "| Amount (In Millions) | 2014 net revenue | Volume/weather | Retail electric price | Net wholesale revenue | Transmission equalization | Reserve equalization | Other | 2015 net revenue |"}
{"_id": "d8e09d12e", "title": "", "text": "| Year Ended May 31, | 2015 | Revenues: | United States | Canada | North America merchant services | Europe | Asia-Pacific | International merchant services | Consolidated revenues |"}
{"_id": "d8b9c13de", "title": "", "text": "| Qualified Pension Nonqualified Pension Postretirement Benefits | December 31 (Measurement Date) – in millions | Accumulated benefit obligation at end of year | Projected benefit obligation at beginning of year | National City acquisition | RBC Bank (USA) acquisition | Service cost | Interest cost | Actuarial (gains)/losses and changes in assumptions | Participant contributions | Federal Medicare subsidy on benefits paid | Early Retirement Reinsurance Program payments received | Benefits paid | Settlement payments | Projected benefit obligation at end of year | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contribution | Participant contributions | Federal Medicare subsidy on benefits paid | Benefits paid | Settlement payments | Fair value of plan assets at end of year | Funded status | Amounts recognized on the consolidated balance sheet | Noncurrent asset | Current liability | Noncurrent liability | Net amount recognized on the consolidated balance sheet | Amounts recognized in accumulated other comprehensive income consist of: | Prior service cost (credit) | Net actuarial loss | Amount recognized in AOCI | Shares in thousands | December 31, 2012 | Granted | Vested/Released | Forfeited | December 31, 2013 |"}
{"_id": "d8ad8a3ae", "title": "", "text": "MetLife, Inc.  Notes to the Consolidated Financial Statements  (Continued) Embedded Derivatives The Company has certain embedded derivatives that are required to be separated from their host contracts and accounted for as derivatives.\nThese host contracts principally include: variable annuities with guaranteed minimum withdrawal, guaranteed minimum accumulation and certain guaranteed minimum income riders; ceded reinsurance contracts related to guaranteed minimum accumulation and certain guaranteed minimum income riders; and guaranteed investment contracts with equity or bond indexed crediting rates.\nThe following table presents the estimated fair value of the Companys embedded derivatives at:"}
{"_id": "d88e03fd0", "title": "", "text": "Corporate operations primarily consist of executive management, administrative support services, substantially all of our share-based compensation and transaction and integration costs related to the Scripps Networks acquisition.\nAdjusted OIBDA decreased 8% due to increased costs related to personnel, legal and technology for data security.\nThe impairment of goodwill presented above for corporate and inter-segment eliminations is a portion of the total goodwill impairment recorded for the European reporting unit during 2017.\nThe remaining portion of the impairment of $489 million is a component of our International Networks segment.\nThe presentation of goodwill impairment is consistent with the financial reports that are reviewed by the Company's CEO.\nGoodwill has been allocated from corporate assets to reporting units within corporate and inter-segment eliminations.\nThe decrease in mark-to-market share-based compensation expense was primarily attributable to a decrease in Discovery's stock price in 2017 compared to 2016.\nChanges in stock price are a key driver of fair value estimates used in the attribution of expense for stock appreciation rights (\"SARs\") and performance-based restricted stock units (\"PRSUs\").\nBy contrast, stock options and service-based restricted stock units (\"RSUs\") are fair valued at grant date and amortized over their vesting period without mark-to-market adjustments.\nThe expense associated with stock options and RSUs is included in Adjusted OIBDA as a component of selling, general and administrative expense.\nItems Impacting Comparability From time to time certain items may impact the comparability of our consolidated results of operations between two periods.\nIn comparing the financial results for the years 2017 and 2016, the Company has identified foreign currency as one such item, as noted below.\nThe Company also has various acquisitions and dispositions that impact the comparability of our results.\nTo the extent that the transaction materially impacts a particular item or segment, it may be discussed in the relevant section above (see Note 3 to the accompanying consolidating financial statements).\nForeign Currency The impact of exchange rates on our business is an important factor in understanding period to period comparisons of our results.\nFor example, our international revenues are favorably impacted as the U. S.  dollar weakens relative to other foreign currencies, and unfavorably impacted as the U.\nS dollar strengthens relative to other foreign currencies.\nWe believe the presentation of results on a constant currency basis (\"ex-FX\"), in addition to results reported in accordance with GAAP, provides useful information about our operating performance because the presentation ex-FX excludes the effects of foreign currency volatility and highlights our core operating results.\nThe presentation of results on a constant currency basis should be considered in addition to, but not a substitute for, measures of financial performance reported in accordance with GAAP.\nThe ex-FX change represents the percentage change on a period-over-period basis adjusted for foreign currency impacts.\nThe ex-FX change is calculated as the difference between the current year amounts translated at a baseline rate, a spot rate for each of our currencies determined early in the fiscal year as part of our forecasting process, (the “2016 Baseline Rate”) and the prior year amounts translated at the same 2016 Baseline Rate.\nIn addition, consistent with the assumption of a constant currency environment, our ex-FX results exclude the impact of our foreign currency hedging activities as well as realized and unrealized foreign currency transaction gains and losses.\nThe impact of foreign currency on the comparability of our results is reflected in the tables below (in millions).\nResults on a constant currency basis, as we present them, may not be comparable to similarly titled measures used by other companies."}
{"_id": "d8e79b75a", "title": "", "text": "[1]Effective January 1, 2018 , with the adoption of new accounting standards for financial instruments, equity securities, AFS were reclassified to equity securities at fair value and are excluded from the table above as of December?31, 2018.\nAs of December?31, 2018, AFS securities in an unrealized loss position consisted of 2,960 securities, primarily in the corporate and commercial real estate sectors, which were depressed primarily due to widening of credit spreads and an increase in interest rates since the securities were purchased.\nAs of December?31, 2018, 98% of these securities were depressed less than 20% of cost or amortized cost.\nThe increase in unrealized losses during 2018 was primarily attributable to widening of credit spreads and higher interest rates.\nMost of the securities depressed for twelve months or more relate to corporate securities and structured securities with exposure to commercial real estate.\nCorporate securities and commercial real estate securities were primarily depressed because current market spreads are wider and interest rates are higher than at the securities' respective purchase dates.\nThe Company neither has an intention to sell nor does it expect to be required to sell the securities outlined in the preceding discussion."}
{"_id": "d86e7a97a", "title": "", "text": "| For the years ended December 31, | 2016 | DAC | SIA | Unearned Revenue Reserve (\"URR\") | Death and Other Insurance Benefit Reserves | Total (before tax) | Income tax effect | Total (after-tax) |"}
{"_id": "d8691c0f0", "title": "", "text": "| Year Capitalized Leases Operating Leases Debt Principal Purchase Commitments Other Liabilities | 2006 | 2007 | 2008 | 2009 | 2010 | After 2010 | Total |"}
{"_id": "d8d43dc6c", "title": "", "text": "| Millions 2015 2014 2013 | Cash provided by operating activities | Cash used in investing activities | Dividends paid | Free cash flow |"}
{"_id": "d825b9966", "title": "", "text": "| Price Range Dividends  per Share | High | 2011 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | 2010 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d81a4d3d4", "title": "", "text": "Note 21.\nExpenses During the fourth quarter of 2008, we elected to provide support to certain investment accounts managed by SSgA through the purchase of asset- and mortgage-backed securities and a cash infusion, which resulted in a charge of $450 million.\nSSgA manages certain investment accounts, offered to retirement plans, that allow participants to purchase and redeem units at a constant net asset value regardless of volatility in the underlying value of the assets held by the account.\nThe accounts enter into contractual arrangements with independent third-party financial institutions that agree to make up any shortfall in the account if all the units are redeemed at the constant net asset value.\nThe financial institutions have the right, under certain circumstances, to terminate this guarantee with respect to future investments in the account.\nDuring 2008, the liquidity and pricing issues in the fixed-income markets adversely affected the market value of the securities in these accounts to the point that the third-party guarantors considered terminating their financial guarantees with the accounts.\nAlthough we were not statutorily or contractually obligated to do so, we elected to purchase approximately $2.49 billion of asset- and mortgage-backed securities from these accounts that had been identified as presenting increased risk in the current market environment and to contribute an aggregate of $450 million to the accounts to improve the ratio of the market value of the accounts’ portfolio holdings to the book value of the accounts.\nWe have no ongoing commitment or intent to provide support to these accounts.\nThe securities are carried in investment securities available for sale in our consolidated statement of condition.\nThe components of other expenses were as follows for the years ended December 31:"}
{"_id": "d8366a1f2", "title": "", "text": "SVB FINANCIAL GROUP AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - (Continued) Investments in Entities that Calculate Net Asset Value Per Share FASB guidance over certain fund investments requires that we disclose the fair value of funds, significant investment strategies of the investees, redemption features of the investees, restrictions on the ability to sell investments, estimate of the period of time over which the underlying assets are expected to be liquidated by the investee, and unfunded commitments related to the investments.\nOur investments in debt funds and venture capital and private equity fund investments generally cannot be redeemed.\nAlternatively, we expect distributions, if any, to be received primarily through IPOs and M&A activity of the underlying assets of the fund.\nWe currently do not have any plans to sell any of these fund investments.\nIf we decide to sell these investments in the future, the investee funds management must approve of the buyer before the sale of the investments can be completed.\nThe fair values of the fund investments have been estimated using the net asset value per share of the investments, adjusted for any differences between our measurement date and the date of the fund investments net asset value by using the most recently available financial information from the investee general partner, for example September 30 th , for our December 31 st consolidated financial statements, adjusted for any contributions paid, distributions received from the investment, and significant fund transactions or market events during the reporting period."}
{"_id": "d86e0de56", "title": "", "text": "| Available under the 2013 Credit Facility $2,210,025 | Available under the 2014 Credit Facility | Letters of credit | Total available under credit facilities, net | Cash and cash equivalents -1 | Total liquidity |"}
{"_id": "d8aba7500", "title": "", "text": "BALANCE SHEET OVERVIEW As Adjusted Balance Sheet The following table presents a reconciliation of the consolidated statement of financial condition presented on a GAAP basis to the consolidated statement of financial condition, excluding the impact of separate account assets and separate account collateral held under securities lending agreements (directly related to lending separate account securities) and separate account liabilities and separate account collateral liabilities under securities lending agreements and consolidated sponsored investment funds, including consolidated VIEs.\nThe Company presents the as adjusted balance sheet as additional information to enable investors to exclude certain\nincluded being in stock in core product offerings, which are products that we plan to have available for sale over the next twelve months and beyond at full price.\nIn addition, our inventory strategy included shipping seasonal product at the start of the shipping window in order to maximize the productivity of our floor sets and earmarking any seasonal excess for our retail outlet stores.\nIn 2008, we plan to continue to focus on meeting consumer demand while improving our inventory efficiency.\nWe believe that our cash and cash equivalents on hand, cash from operations and borrowings available to us under our revolving credit and subordinated debt facilities will be adequate to meet our liquidity needs and capital expenditure requirements for at least the next twelve months.\nAs our business continues to grow, we may consider additional funding sources to meet our liquidity and capital needs.\nCash Flows The following table presents the major components of net cash flows used in and provided by operating, investing and financing activities for the years presented:"}
{"_id": "d860c5118", "title": "", "text": "Macro Hedge Program The Company utilizes equity swaps, options, futures, and forwards to provide partial protection against the statutory tail scenario risk arising from GMWB and the guaranteed minimum death benefit (“GMDB”) liabilities on the Company’s statutory surplus.\nThese derivatives cover some of the residual risks not otherwise covered by the dynamic hedging program.\nContingent Capital Facility Put Option The Company entered into a put option agreement that provides the Company the right to require a third-party trust to purchase, at any time, The Hartford’s junior subordinated notes in a maximum aggregate principal amount of $500.\nOn February 8, 2017, The Hartford exercised the put option resulting in the issuance of $500 in junior subordinated notes with proceeds received on February 15, 2017.\nUnder the put option agreement, The Hartford had been paying premiums on a periodic basis and has agreed to reimburse the trust for certain fees and ordinary expenses.\nFor further information on the put option agreement, see the Contingent Capital Facility section within Note 13 - Debt.\nModified Coinsurance Reinsurance Contracts As of December 31, 2016 and 2015, the Company had approximately $875 and $895, respectively, of invested assets supporting other policyholder funds and benefits payable reinsured under a modified coinsurance arrangement in connection with the sale of the Individual Life business, which was structured as a reinsurance transaction.\nThe assets are primarily held in a trust established by the Company.\nThe Company pays or receives cash quarterly to settle the operating results of the reinsured business, including the investment results.\nAs a result of this modified coinsurance arrangement, the Company has an embedded derivative that transfers to the reinsurer certain unrealized changes in fair value of investments subject to interest rate and credit risk.\nThe notional amount of the embedded derivative reinsurance contracts are the invested assets which are carried at fair value and support the reinsured reserves.\nDerivative Balance Sheet Classification For reporting purposes, the Company has elected to offset within assets or liabilities based upon the net of the fair value amounts, income accruals, and related cash collateral receivables and payables of OTC derivative instruments executed in a legal entity and with the same counterparty under a master netting agreement, which provides the Company with the legal right of offset.\nThe Company has also elected to offset within assets or liabilities based upon the net of the fair value amounts, income accruals and related cash collateral receivables and payables of OTC-cleared derivative instruments based on clearing house agreements.\nThe following fair value amounts do not include income accruals or related cash collateral receivables and payables, which are netted with derivative fair value amounts to determine balance sheet presentation.\nDerivative fair value reported as liabilities after taking into account the master netting agreements was $963 and $1.1 billion as of December 31, 2016 and 2015, respectively.\nDerivatives in the Company’s separate accounts, where the associated gains and losses accrue directly to policyholders, are not included in the table below.\nThe Company’s derivative instruments are held for risk management purposes, unless otherwise noted in the following table.\nThe notional amount of derivative contracts represents the basis upon which pay or receive amounts are calculated and is presented in the table to quantify the volume of the Company’s derivative activity.\nNotional amounts are not necessarily reflective of credit risk.\nThe following tables exclude investments that contain an embedded credit derivative for which the Company has elected the fair value option.\nFor further discussion, see the Fair Value Option section in Note 5 - Fair Value Measurements of Notes to the Consolidated Financial Statements\nPart II - Item 7.\nManagement's Discussion and Analysis of Financial Condition and Results of Operations 39 Net Investment Income"}
{"_id": "d89eb8a9c", "title": "", "text": "NOTE 3 / PROPERTY ACQUISITIONS 2009 Acquisitions During 2009, we acquired the sub-leasehold positions at 420 Lexington Avenue for an aggregate purchase price of approximately $15.9 million.2008 Acquisitions In February 2008, we, through our joint venture with Jeff Sutton, acquired the properties located at 182 Broadway and 63 Nassau Street for approximately $30.0 million in the aggregate.\nThese properties are located adjacent to 180 Broadway which we acquired in August 2007.\nAs part of the acquisition we also closed on a $31.0 million loan which bears interest at 225 basis points over the 30-day LIBOR.\nThe loan has a three-year term and two one-year extensions.\nWe drew down $21.1 million at the closing to pay the balance of the acquisition costs.\nDuring the second quarter of 2008, we, through a joint venture with NYSTERS, acquired various interests in the fee positions at 919 Third Avenue for approximately $32.8 million.\nAs a result, our joint venture controls the entire fee position.2007 Acquisitions In January 2007, we acquired Reckson for approximately $6.0 billion, inclusive of transaction costs.\nSimultaneously, we sold approximately $2.0 billion of the Reckson assets to an asset purchasing venture led by certain of Reckson’s former executive management.\nThe transaction included the acquisition of 30 properties encompassing approximately 9.2 million square feet, of which five properties encompassing approximately 4.2 million square feet are located in Manhattan.\nThe following summarizes our allocation of the purchase price to the assets and liabilities acquired from Reckson (in thousands):"}
{"_id": "d8908b6b8", "title": "", "text": "| Millions 2014 2013 2012 % Change2014 v 2013 % Change2013 v 2012 | Other income | Interest expense | Income taxes |"}
{"_id": "d861f41ce", "title": "", "text": "| Year Ended December 31, | 2011 | (In $ millions) | Cost of sales | Selling, general and administrative expenses |"}
{"_id": "d87821992", "title": "", "text": "Residential Mortgage Banking Residential Mortgage Banking earned $87 million in 2011 compared with $269 million in 2010.\nThe decline in earnings was driven by an increase in noninterest expense associated with increased costs for residential mortgage foreclosurerelated expenses, primarily as a result of ongoing governmental matters, and lower net interest income, partially offset by an increase in loan originations and higher loans sales revenue."}
{"_id": "d8d4e1538", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements 4.\nINVESTMENTS (continued) of zero million) and $341 million (net of a valuation allowance of zero million), respectively.\nAs of December 31, 2007 and 2006, all of the Company’s commercial loans held for sale were collateralized, with collateral primarily consisting of office buildings, retail stores, apartment complexes and industrial buildings.\nIn certain transactions, the Company prearranges that it will sell the loan to an investor.\nAs of December 31, 2007 and 2006, $306 million and $93 million, respectively, of loans held for sale are subject to such arrangements.\nCommercial mortgage loans in securitization transactions accounted for by the Company as sales totaled $3,589 million, $2,704 million and $2,437 million, for the years ended December 31, 2007, 2006 and 2005, respectively.\nThe Company generally retains the servicing responsibilities related to its commercial loan securitizations.\nAs of December 31, 2007, the Company also held commercial mortgage-backed securities representing a $191 million retained beneficial interest in the mortgage loans the Company transferred to certain securitization vehicles in 2007.\nThese commercial mortgage-backed securities are classified as “Other trading account assets.\n” The Company recognized net pre-tax losses of $57 million for the year ended December 31, 2007, and net pre-tax gains of $36 million and $36 million for the years ended December 31, 2006 and 2005, respectively, in connection with securitization transactions, which are recorded in “Realized investment gains (losses), net.\n” Other Long-term Investments “Other long-term investments” are comprised as follows at December 31:"}
{"_id": "d8d4d286c", "title": "", "text": "Expenses 2005 to 2004 Annual Comparison.\nExpenses, as shown in the table above under “—Operating Results,” increased $34 million, from $1.198 billion in 2004 to $1.232 billion in 2005, primarily reflecting higher incentive based compensation costs resulting from favorable performance in 2005.\nPartially offsetting this increase is a reduction in commission expenses associated with the money market funds of brokerage clients of Wachovia Securities subject to the arrangements with Wachovia described above.\nAdditionally, 2004 results include charges related to declines in value of intangible assets, expenses incurred in exiting an operating facility and termination of activities related to certain of our international investment management operations.2004 to 2003 Annual Comparison.\nExpenses increased $46 million, from $1.152 billion in 2003 to $1.198 billion in 2004, due primarily to higher incentive based compensation costs associated with increased revenues, as well as charges in 2004 related to declines in value of intangible assets, expenses incurred in exiting an operating facility and termination of activities related to certain of our international investment management operations."}
{"_id": "d82d2ca22", "title": "", "text": "| 2017 2016 2015 | Cash provided by operating activities | Purchases of property and equipment | Proceeds from sales of property and equipment | Free cash flow |"}
{"_id": "d88778ef4", "title": "", "text": "| Payments due by period (in millions) | 201 9 | Long-Term Debt: | Principal -1 | Interest -2 | Operating Leases: | Ground Leases -3 | Office Leases |"}
{"_id": "d89ad1aa0", "title": "", "text": "Notes to the Consolidated Financial Statements Contributions On August 17, 2006, the Pension Protection Act of 2006 (“PPA”) was signed into law, changing the funding requirements for the Company’s U. S.  defined benefit pension plans beginning in 2008.\nUnder the requirements of the PPA, PPG did not have to make a mandatory contribution to these plans in 2011 and does not expect to have a mandatory contribution to these plans in 2012 because of management’s intent to make voluntary contributions.\nPPG made voluntary contributions to its U. S.  defined benefit pension plans of $50 million and $250 million in 2011 and 2010, respectively.\nPPG made contributions to its non-U.\nS.  defined benefit pension plans in 2011 of $71 million and approximately $85 million in 2010, some of which were required by local funding requirements.\nPPG expects to make voluntary contributions of up to $60 million to its U. S.  plans and mandatory contributions to its non-U.\nS.  plans of approximately $90 million in 2012.\nBenefit Payments The estimated pension benefits to be paid under the Company’s defined benefit pension plans during the next five years are (in millions) $272 in 2012, $340 in 2013, $314 in 2014, $403 in 2015 and $297 in 2016 and are expected to aggregate $1,485 million for the five years thereafter.\nThe estimated other postretirement benefits to be paid during the next five years are (in millions) $88 in 2012, $86 in 2013, $87 in 2014, $88 in 2015 and $89 in 2016 and are expected to aggregate $449 million for the five years thereafter.\nThe Company expects to receive between $10 million and $13 million of subsidy under the Medicare Act of 2003 during each of the next five years and an aggregate amount of $84 million for the five years thereafter.\nThe 2011 subsidy under the Medicare Act of 2003 of $7 million was received as of December 31, 2011.\nPlan Assets Each PPG sponsored defined benefit pension plan is managed in accordance with the requirements of local laws and regulations governing defined benefit pension plans for the exclusive purpose of providing pension benefits to participants and their beneficiaries.\nInvestment committees comprised of PPG managers have fiduciary responsibility to oversee the management of pension plan assets by third party asset managers.\nPension plan assets are held in trust by financial institutions and managed on a day-to-day basis by the asset managers.\nThe asset managers receive a mandate from each investment committee that is aligned with the asset allocation targets established by each investment committee to achieve the plan’s investment strategies.\nThe performance of the asset managers is monitored and evaluated by the investment committees throughout the year.\nPension plan assets are invested to generate investment earnings over an extended time horizon to help fund the cost of benefits promised under the plans while mitigating investment risk.\nThe asset allocation targets established for each pension plan are intended to diversify the investments among a variety of asset categories and among a variety of individual securities within each asset category to mitigate investment risk and provide each plan with sufficient liquidity to fund the payment of pension benefits to current retirees.\nThe following summarizes the weighted average target pension plan asset allocation as of December 31, 2011 and 2010 for all PPG defined benefit plans:"}
{"_id": "d8889de4c", "title": "", "text": "| (In millions) 2009 2008 2007 | Minimum rental(a) | Contingent rental | Net rental expense |"}
{"_id": "d87de6e90", "title": "", "text": "| Total % Increase Acquisition Impact % Increase without Acquisitions | Other Operating Expenses: | Repairs and maintenance | Depreciation and amortization | Purchased transportation | Fuel | Other occupancy | Other expenses | 18.5% | Year | 2008 | 2009 | 2010 | 2011 | 2012 | After 2012 | Total |"}
{"_id": "d8dbbb872", "title": "", "text": "NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS  (continued) ACE LIMITED AND SUBSIDIARIES b) Shares issued, outstanding, authorized, and conditional The following table presents a roll-forward of changes in Common Shares issued and outstanding for the years ended December 31, 2010, 2009, and 2008."}
{"_id": "d8db8add0", "title": "", "text": "| December 31, 2010 | Problem, potential problem, and restructured | Carrying amount | (in millions) | Three months or less | Greater than three to six months | Greater than six to nine months | Greater than nine to twelve months | Greater than twelve months | Total fixed maturities, available-for-sale |"}
{"_id": "d8cff5182", "title": "", "text": "| ($ in millions) Foreign Currency Translation Pension and Other Postretirement Items, Net of Tax Effective Financial Derivatives, Net of Tax Accumulated Other Comprehensive Earnings (Loss) | December 31, 2003 | 2004 change | December 31, 2004 | 2005 change | December 31, 2005 | 2006 change | December 31, 2006 |"}
{"_id": "d8b1dbd9a", "title": "", "text": "| At December 31, 2013 At December 31, 2012 | Fair Value | (dollars in millions) | Private equity funds | Real estate funds | Hedge funds-1: | Long-short equity hedge funds | Fixed income/credit-related hedge funds | Event-driven hedge funds | Multi-strategy hedge funds | Total |"}
{"_id": "d87b6415e", "title": "", "text": "Liquidity Available from Subsidiaries Liquidity available to the Company from its subsidiaries is limited by regulatory requirements.\nIn addition, neither E*TRADE Bank nor its subsidiaries may pay dividends to the parent company without approval from its regulators.\nLoans by E*TRADE Bank to the parent company and its other non-bank subsidiaries are subject to various quantitative, arms length, collateralization and other requirements.\nE*TRADE Bank is subject to capital requirements determined by its regulator.\nAt December 31, 2011 and 2010, E*TRADE Bank had $1.2 billion and $1.0 billion, respectively, of Tier I capital in excess of the regulatory minimum level required to be considered well capitalized.\n Since late 2009, the Company has requested and received the approval of its primary regulators to send quarterly dividends from E*TRADE Bank to the parent.\nThe dividend had been equal to profits from the previous quarter of E*TRADE Securities LLC.\nWe believe our former regulator, the OTS, viewed these dividend requests as distinct from a more comprehensive request to release a portion of E*TRADE Banks excess capital.\nDuring the third quarter of 2011, the Company transitioned regulators from the OTS to the OCC and the Federal Reserve.\nWe believe our new regulators would subject all dividend requests to an equal level of scrutiny; therefore, rather than request a dividend from E*TRADE Bank in an amount equal to the profits of E*TRADE Securities LLC in the prior quarter, we believe the best path for the Companys shareholders is to work on a comprehensive dividend plan that efficiently distributes capital among our regulated entities and parent company.\nThe Company is in dialogue with the regulators regarding our ability to implement a comprehensive dividend plan and expects to complete that dialogue by the end of 2012.\nFollowing the completion of that dialogue, we expect to have a better understanding of the timing of any future dividends; however, we cannot predict the likelihood or the timing of regulatory approval for any such dividends.\nThe Companys broker-dealer subsidiaries are subject to capital requirements determined by their respective regulators.\nAt December 31, 2011 and 2010, all of our brokerage subsidiaries met their minimum net capital"}
{"_id": "d8e86753a", "title": "", "text": "| Year Ended December 31, | 2012 -1(2) | (In millions, except per common share data) | Consolidated Statements of Operations Data-3: | Net sales | Gross profit | Impairment of goodwill and other intangible assets | Operating (loss) profit | Loss on debt redemption | (Loss) earnings from continuing operations before income tax provision | Net (loss) earnings from continuing operations | Net earnings from discontinued operations | Net gain on sale of discontinued operations | Net (loss) earnings available to common stockholders | Basic and diluted net earnings per common share: | Basic | Continuing operations | Discontinued operations | Net (loss) earnings per common share—basic | Diluted | Continuing operations | Discontinued operations | Net (loss) earnings per common share—diluted | Common stock dividends | Consolidated Balance Sheets Data: | Cash and cash equivalents | Goodwill | Intangible assets, net | Total assets | Settlement agreement and related accrued interest | Long-term debt, less current portion-4 | Total stockholders’ equity | Working capital (current assets less current liabilities) | Consolidated Cash Flows Data: | Net cash provided by operating activities | Net cash used in investing activities | Net cash (used in) provided by financing activities | Other Financial Data: | Depreciation and amortization | Share-based incentive compensation | Capital expenditures | Year Ended December 31, | 2014 | Net | (In millions, except per share data) | U.S. GAAP net earnings and EPS available to common stockholders from continuing operations-2 | Special items-3 | Non-U.S. GAAP adjusted net earnings and EPS available to common stockholders - continuing operations | Weighted average number of common sharesoutstanding - Diluted | 2016 | (In millions, except per share amounts) | Net sales | Gross profit | Net earnings available to common stockholders-1 | Net earnings per common share - basic-1(2) | Net earnings per common share - diluted-1(2) | 2015 | (In millions, except per share amounts) | Net sales | Gross profit | Net earnings available to common stockholders | Net earnings per common share - basic-2 | Net earnings per common share - diluted-2 |"}
{"_id": "d8d5dd8a6", "title": "", "text": "| Year Ended December 31, | (millions, except per unit) | Interest Expense | Capitalized Interest | Interest Expense, Net | Unit Rate per BOE-1 |"}
{"_id": "d813a4104", "title": "", "text": "| JPMorgan Chase & Co. | Basel III Standardized Transitional | (in millions,except ratios) | Regulatory capital | CET1 capital | Tier 1 capital(a) | Total capital | Assets | Risk-weighted | Adjusted average(b) | Capital ratios(c) | CET1 | Tier 1(a) | Total | Tier 1 leverage(d) |"}
{"_id": "d881f9f78", "title": "", "text": "| Four Quarters Ended Four Quarters Ended | Financial Covenants | Interest coverage ratio (not less than) | Actual interest coverage ratio | Depreciation and amortization | Leverage ratio (not greater than) | Actual leverage ratio |"}
{"_id": "d8f8245ae", "title": "", "text": "Stock Purchase Plan.\nThe Company has an employee stock purchase plan (ESPP) that allows eligible and participating employees to purchase, through payroll deductions, shares of the Company’s common stock at 85 percent of the lower of the fair market value on the first or the last business day of the three-month offering\nPART II ITEM 5.\nMarket for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities At January 25, 2019, we had 26,812 holders of record of our common stock, par value $1 per share.\nOur common stock is traded on the New York Stock Exchange (NYSE) under the symbol LMT.\nInformation concerning dividends paid on Lockheed Martin common stock during the past two years is as follows: Common Stock - Dividends Paid Per Share"}
{"_id": "d896298ae", "title": "", "text": "| December 31, 2018 December 31, 2017 | Collateralized Loan Obligations | Lowest Rating Agency Rating-1 | (in millions) | AAA | AA | A | BBB | BB and below | Total-2 |"}
{"_id": "d811d1048", "title": "", "text": "| In millions of dollars 2010 2009 2008 % Change 2010 vs. 2009 % Change 2009 vs. 2008 | Net interest revenue | Non-interest revenue | Total revenues, net of interest expense | Provisions for credit losses and for benefits and claims | Net credit losses | Credit reserve build (release) | Provision for loan losses | Provision for benefits and claims | Provision (release) for unfunded lending commitments | Total provisions for credit losses and for benefits and claims | Total operating expenses | Loss from continuing operations before taxes | Benefits for income taxes | (Loss) from continuing operations | Net income (loss) attributable to noncontrolling interests | Citi Holdings net loss | Balance sheet data(in billions of dollars) | Total EOP assets | Total EOP deposits | ($ in millions) | Timeshare segment note sale gains | Synthetic fuel earn-out payments (made) received, net | Loss on expected land sale | Gains on sales of real estate and other | Other note sale/repayment gains | Gains on sale/income on redemption of joint venture investments | Income from cost method joint ventures | $59 |"}
{"_id": "d8c56f0fa", "title": "", "text": "| Year Ended December 31, | 2018 | (in millions) | Net gains (losses) from(1): | Terminated hedges of foreign currency earnings | Current period yield adjustments | Principal source of earnings |"}
{"_id": "d8b20f73a", "title": "", "text": "| (Dollars in millions) Cumulative Translation Adjustment$ UnfundedAdditionalMinimum Pension Liability$ Unrecognized Loss and Prior Service Cost, net of taxes$ Unrealized Gains (Losses) on Cash Flow Hedges$ Unrealized Losses on Investments$ Accumulated Other Comprehensive Income (Loss)$ | Balance at December 31, 2004 | Period change | Balance at December 31, 2005 | Period change | Pre-SFAS No. 158 balance at December 31, 2006 | Adjustments to apply SFAS No. 158 | Balance at December 31, 2006 |"}
{"_id": "d86d162b4", "title": "", "text": "| 2018 2017 2016 | December | September | June | March |"}
{"_id": "d88dacc76", "title": "", "text": "EQUITY COMPENSATION PLANS The Company measures compensation expense for share-based awards at fair value at the date of grant and recognizes compensation expense over the service period for awards expected to vest.\nThe majority of grants to retirement eligible recipients (age 55 with required years of service) are attributed to expense using the non-substantive vesting method and are fully expensed over a six month period following the date of grant.\nIn addition, the Company includes a forfeiture estimate in the amount of compensation expense being recognized based on an estimate of the number of outstanding awards expected to vest.\nThe Company’s equity compensation plans provide for grants of stock options, performance-based restricted stock units (“PBRSUs”) and non-performance-based restricted stock units (“RSUs”) and restricted stock awards (“RSAs”).\nCommon shares available for grant as of December 31, 2017, 2016 and 2015 were 11,685,090, 13,649,667 and 15,888,937, respectively.\nThe Company generally issues authorized but previously unissued shares to satisfy stock option exercises and stock award vestings.\nThe Company’s annual long-term incentive share-based compensation program is made up of 50% stock options and 50% PBRSUs.\nThe Company also periodically grants RSUs.\nTotal compensation expense related to all share-based compensation plans was $90 million ($62 million net of tax benefit), $86 million ($59 million net of tax benefit) and $78 million ($54 million net of tax benefit) for 2017, 2016 and 2015, respectively.\nAs of December 31, 2017, there was $141 million of total measured but unrecognized compensation expense related to non-vested share-based compensation arrangements granted under all of the Company’s plans.\nThat cost is expected to be recognized over a weighted-average period of 2.1 years.\nStock Options Stock options are granted to purchase shares of the Company’s stock at the average daily share price on the date of grant.\nThese options generally expire within ten years from the grant date.\nThe Company generally recognizes compensation expense for these awards on a straight-line basis over the three year vesting period.\nAs previously noted, stock option grants to retirement eligible recipients are attributed to expense using the non-substantive vesting method.\nA summary of stock option activity and average exercise prices is as follows:"}
{"_id": "d85e5ee06", "title": "", "text": "Results of operations for the 2018 acquisitions included sales of $365 and a net loss of $3, including intangibles amortization of $40 and restructuring expense of $3.\nThese results also included first year pretax acquisition accounting charges related to inventory and deferred revenue of $39 and $11, respectively, which are reported in Corporate and other.\nSee Note 18.\nOn April 28, 2017, the Company completed the acquisition of Pentair’s valves & controls business for $2.96 billion, net of cash acquired of $207, subject to certain post-closing adjustments.\nThis business, with annualized sales of approximately $1.4 billion, is a manufacturer of control, isolation and pressure relief valves and actuators, and complements the Valves, Actuators & Regulators product offering within Automation Solutions.\nThe Company recognized goodwill of $1.5 billion (none of which is expected to be tax deductible), and other identifiable intangible assets of $1.1 billion, primarily customer relationships and intellectual property with a weighted-average life of approximately 14 years.\nThe Company also acquired two smaller businesses in the Automation Solutions segment.\nTotal cash paid for all businesses was $3.0 billion, net of cash acquired.\nThe purchase price of the valves & controls business was allocated to assets and liabilities as follows."}
{"_id": "d8868278e", "title": "", "text": "| Coal Natural Gas Average Fuel  Cost | Cost | 2006 | 2005 | 2004 |"}
{"_id": "d8684b856", "title": "", "text": "| December 31, 2015 December 31, 2014-1 | In millions of dollars, except ratios | Common Equity Tier 1 Capital | Tier 1 Capital | Total Capital (Tier 1 Capital + Tier 2 Capital)(2) | Total Risk-Weighted Assets | Common Equity Tier 1 Capital ratio-3(4) | Tier 1 Capital ratio-3(4) | Total Capital ratio-3(4) |"}
{"_id": "d887b738e", "title": "", "text": "| Years ended December 31, | 2014 | Basic weighted-average shares outstanding | Effect of potential common stock: | Common stock awards | Senior subordinated convertible notes | Diluted weighted-average shares outstanding | 2014 | Beginning balance | Additions for tax positions of prior periods | Additions for tax positions of the current period | Additions due to acquisitions | Reductions for tax positions of prior periods | Reductions for tax positions of the current period | Settlements with taxing authorities | Lapse of applicable statute of limitations | Ending balance |"}
{"_id": "d81694f62", "title": "", "text": "| Communities-1 Location Units RentableSquareFootage YearBuilt YearAcquired Occupancy-2 | Southern California | Alpine Country | Alpine Village | Anavia | Barkley, The-3(4) | Bonita Cedars | Camarillo Oaks | Camino Ruiz Square | Cielo -5 | Cambridge | Mesa Village | Parcwood-5 | Tierra del Sol/Norte | Regency at Encino | Valley Park-6 | Capri at Sunny Hills-6 | Wilshire Promenade | Montejo-6 | CBC Apartments | Chimney Sweep Apartments | 416 on Broadway | Hampton Court | Hampton Place | Devonshire | Huntington Breakers | Axis 2300 | Hillsborough Park | Trabuco Villas | Marbrisa | Pathways | Belmont Station | Bellerive | Bunker Hill | Cochran Apartments | Kings Road | Marbella, The | Park Place | Renaissance, The-5 | Santee Court | Santee Village | Windsor Court | Marina City Club-11 | Mirabella | Mira Monte | Hillcrest Park | Fairways-13 | Muse | Country Villas | Mission Hills | Mariners Place | Monterey Villas | Tierra Vista | Arbors Parc Rose-14 | Monterra del Mar | Monterra del Rey | Monterra del Sol | Villa Angelina-6 | As of December 31, 2011 | Apartment Units | Southern California | Northern California | Seattle Metro | Total |"}
{"_id": "d8800fd16", "title": "", "text": "| 2010 2009 2008 | Options Outstanding | Balance at beginning of year | Granted | Exercised | Lapsed or cancelled | Balance at end of year | Options exercisable at end of year | Weighted average fair value of options granted during the year |"}
{"_id": "d8ae499ca", "title": "", "text": "(a) The deferred tax effect related to the enactment of a supplemental tax in the U. K.  increased the effective tax rate 7.0 percent in 2002."}
{"_id": "d8a216694", "title": "", "text": "Note 10.\nEmployee Benefit Plans Employee Stock Purchase Plan Under the Companys Employee Stock Purchase Plan (ESPP), employees are granted the right to purchase shares of common stock at a price per share that is 85% of the lesser of the fair market value of the shares at (1) the beginning of a rolling two year offering period or (2) the end of each semi-annual purchase period, subject to a plan limit on the number of shares that may be purchased in a purchase period.\nOn March 29, 2016, the Companys stockholders approved an amendment to the ESPP to increase the number of shares of common stock authorized for issuance under the plan by 5.0 million shares.\nDuring fiscal 2016, 2015 and 2014, the Company issued 1.6 million, 1.7 million, and 1.8 million shares, respectively, under the ESPP at average per share prices of $37.77, $31.55 and $30.00, respectively.\nAs of October 31, 2016, 8.7 million shares of common stock were reserved for future issuance under the ESPP.\nEquity Compensation Plans 2006 Employee Equity Incentive Plan.\nOn April 25, 2006, the Companys stockholders approved the 2006 Employee Equity Incentive Plan (2006 Employee Plan), which provides for the grant of incentive stock options, nonstatutory stock options, restricted stock awards, restricted stock unit awards, stock appreciation rights and other forms of equity compensation, including performance stock awards and performance cash awards, as determined by the plan administrator.\nThe terms and conditions of each type of award are set forth in the 2006 Employee Plan.\nOptions granted under this plan have a contractual term of seven years and generally vest over four years.\nOn March 29, 2016, the Company's stockholders approved an amendment to increase the number of shares of common stock reserved for future issuance under the 2006 Employee Plan by 3.8 million shares.\nAs of October 31, 2016, an aggregate of 6.3 million stock options and 4.0 million restricted stock units were outstanding, and 11.2 million shares were available for future issuance under the 2006 Employee Plan.2005 Non-Employee Directors Equity Incentive Plan.\nOn May 23, 2005, the Companys stockholders approved the 2005 Non-Employee Directors Equity Incentive Plan (the 2005 Directors Plan).\nThe 2005 Directors Plan provides for annual equity awards to non-employee directors in the form of stock options, restricted stock or a combination thereof.\nThe Companys stockholders have approved an aggregate of 0.8 million shares of common stock reserved under the 2005 Directors Plan.\nAs of October 31, 2016, the Company has issued an aggregate of 363,782 shares of restricted stock awards with an aggregate grant date fair value of approximately $11.5 million under the 2005 Directors Plan.\nRestricted stock"}
{"_id": "d810b7770", "title": "", "text": "Overall, billed business increased in 2017 compared to 2016.\nU. S.  billed business increased 1 percent and non-U.\nS.  billed business increased 12 percent.\nSee Tables 5 and 6 for more details on billed business performance.\nThe average discount rate was 2.43 percent, 2.45 percent and 2.46 percent for 2017, 2016 and 2015, respectively.\nThe decrease in the average discount rate in 2017 compared to 2016 primarily reflected rate pressure from merchant negotiations, including those resulting from the recent regulatory changes affecting competitor pricing in certain international markets, the continued growth of the OptBlue program, and changes in industry and geographic mix.\nWe expect the average discount rate will continue to decline over time due to a greater shift of existing merchants into OptBlue, merchant negotiations and competition, volume related pricing discounts, certain pricing initiatives mainly driven by pricing regulation (including regulation of competitors’ interchange rates) and other factors.\nNet card fees increased in both periods.\nThe increase in 2017 was primarily driven by growth in the Platinum and Delta portfolios and growth in key international markets.\nThe increase in 2016 was primarily driven by growth in the Platinum, Gold and Delta portfolios.\nOther fees and commissions increased in 2017 compared to 2016, and decreased in 2016 compared to 2015.\nThe increase in 2017 was primarily driven by an increase in delinquency fees due to a change in the late fee assessment date for certain U. S.  charge cards and an increase in foreign exchange conversion revenue.\nThe decrease in 2016 was primarily due to lower Costco-related fees, partially offset by an increase in delinquency and loyalty coalition-related fees.\nOther revenues decreased in 2017 compared to 2016, and were relatively flat in 2016 compared to 2015.\nThe decrease in 2017 was primarily driven by prior-year revenues related to the Loyalty Edge business, which was sold in the fourth quarter of 2016, and a contractual payment from a GNS partner also in the prior year.2016 included the previously-mentioned contractual payment from a GNS partner and higher revenues from our Prepaid Services business compared to 2015, offset by lower revenues related to Costco, Loyalty Edge and the GBT JV transition services agreement.\nInterest income increased in 2017 compared to 2016 and decreased in 2016 compared to 2015.\nThe increase in 2017 primarily reflected higher average Card Member loans and higher yields.\nThe growth in average Card Member loans was primarily driven by a mix shift over time towards non-cobrand lending products, where Card Members tend to revolve more of their loan balances.\nThe increase in yields was primarily driven by a greater percentage of loans at higher rate buckets, specific pricing actions, and increases in benchmark interest rates.\nThe decrease in 2016 was primarily driven by lower Costco cobrand loans and the associated interest income, partially offset by modestly higher yields and an increase in average Card Member loans across other lending products.\nInterest expense increased in both periods.\nThe increase in 2017 was primarily driven by higher interest rates and higher average long-term debt.\nThe increase in 2016 was primarily driven by higher average customer deposit balances, partially offset by lower average long-term debt."}
{"_id": "d87b4de2c", "title": "", "text": "Actual returns exceeded our expected returns for 2010 which increased our estimates of total gross profits and decreased our estimate of future expected claims costs associated with the guaranteed minimum death and income benefit features of our variable annuity products, by establishing a new, higher starting point for the variable annuity account values used in estimating those items for future periods.\nThe expected rates of return in 2010 for some contract groups were based upon our maximum future rate of return under the reversion to the mean approach, as discussed below.\nThe overall increase in our estimate of total gross profits and decrease in our estimate of future expected claims costs results in a lower required rate of amortization and lower required reserve provisions, which are applied to all prior periods.\nThe resulting cumulative adjustment to prior amortization and reserve provisions was a $103 million benefit for 2010 as shown in the table above.\nThe $331 million of benefits for 2009 relating to the quarterly market performance adjustments is attributable to a similar impact on gross profits of market value increases in the underlying assets associated with our variable annuity products, reflecting financial market conditions during the period.\nThe benefit in 2009 is higher than that in 2010 due to a greater difference in 2009 between the actual rates of return and the expected rates of return, which are detailed further below.\nAlso, the $54 million decrease in amortization of deferred policy acquisition and other costs in 2009 is net of a $73 million charge to impair the entire remaining balance of valuation of business acquired, or VOBA, related to the variable annuity contracts acquired from Allstate in the second quarter of 2006.\nThe additional charge was required in the first quarter of 2009, as the declines in estimated future gross profits related to market performance caused the present value of estimated gross profits for these contracts to fall below zero.\nSince the VOBA balance was completely amortized for these contracts, it cannot be reestablished for market value appreciation in subsequent periods.\nAs discussed and shown in the table above, results for both periods also include the impact of the annual reviews of the assumptions used in the reserves for the guaranteed minimum death and income benefit features of our variable annuity products and in our estimate of total gross profits used as a basis for amortizing deferred policy acquisition and other costs.2010 included $177 million of benefits from these annual reviews, primarily related to reductions in lapse rate assumptions and more favorable assumptions relating to fee income.2009 included $49 million of charges from these annual reviews, primarily related to reductions in the future rate of return assumptions applied to the underlying assets associated with our variable annuity products.\nPartially offsetting the impact of the updated future rate of return assumptions for 2009 were benefits related to the impact of lower mortality and higher investment spread assumptions.\nAs mentioned above, we derive our near-term future rate of return assumptions using a reversion to the mean approach, a common industry practice.\nUnder this approach, we consider actual returns over a period of time and initially adjust future projected returns over a four year period so that the assets are projected to grow at the long-term expected rate of return for the entire period.\nThe near-term future"}
{"_id": "d8aa2d904", "title": "", "text": "| Year Ended December 31, | 2012 | Water service | Residential | Commercial | Industrial | Public and other | Total water services | Wastewater services | Total |"}
{"_id": "d86400de6", "title": "", "text": "| December 31 | Outstandings | (Dollars in millions) | California | Texas | Florida | New York | Georgia | Other U.S./Foreign | Total direct/indirect loans |"}
{"_id": "d8953e17e", "title": "", "text": "| Year ended December 31, | (Dollars in thousands) | Telephone | Data processing services | Client services | Tax credit fund amortization | Postage and supplies | Dues and publications | Net gain from note repurchases and termination of corresponding interest rate swaps -1 | Other | Total other noninterest expense |"}
{"_id": "d8cb9c0f4", "title": "", "text": "OTHER COMMERCIAL COMMITMENTS\n(1) Amounts committed are reported net of participations.\nAdditional information about the commercial commitments disclosed in this section is in Note 10 of the Notes to Consolidated Financial Statements included in this Form 10-K under Item 8.\nRisk Management The global scope of our business activities requires that we balance what we perceive to be the primary risks in our businesses with a comprehensive and well-integrated risk management function.\nThe measurement, monitoring and mitigation of risks are essential to the financial performance and successful management of State Streets businesses.\nThese risks, if not effectively managed, can result in current losses to State Street as well as erosion of our capital and damage to our reputation.\nOur systematic approach also allows for a more precise assessment of risks within a framework for evaluating opportunities for the prudent use of capital.\nWe have a disciplined approach to risk management that involves all levels of management.\nThe Board provides extensive review and oversight of State Streets overall risk management programs, including the approval of key risk management policies and the periodic review of State Streets key risk indicators.\nThese indicators are designed to identify major business activities of State Street with significant risk content, and to establish quantifiable thresholds for risk measurement.\nKey risk indicators are reported regularly to the Executive Committee of the Board, and are reviewed periodically for appropriateness.\nModifications to the indicators are made to reflect changes in our business activities or refinements to existing measurements.\nEnterprise Risk Management, or ERM, a dedicated corporate group, provides oversight, support and coordination across business units and is responsible for the\ndefined by FIN 46(R), as a result of the issuance of subordinated notes by the conduits to third-party investors, and we do not record these conduits in our consolidated financial statements.\nAt December 31, 2006 and 2005, total assets in unconsolidated conduits were $25.25 billion and $17.90 billion, respectively.\nOur off-balance sheet commitments to these conduits are disclosed in Note 10.\nCollateralized Debt Obligations: We manage a series of collateralized debt obligations, or CDOs.\n A CDO is a managed investment vehicle which purchases a portfolio of diversified highly-rated assets.\nA CDO funds purchases through the issuance of several tranches of debt and equity, the repayment and return of which are linked to the performance of the assets in the CDO.\nTypically, our involvement is as collateral manager.\nWe may also invest in a small percentage of the debt issued.\nThese entities typically meet the definition of a variable interest entity as defined by FIN 46(R).\nWe are not the primary beneficiary of these CDOs, as defined by FIN 46(R), and do not record these CDOs in our consolidated financial statements.\nAt December 31, 2006 and 2005, total assets in these CDOs were $3.48 billion and $2.73 billion, respectively.\nDuring 2005, we acquired and transferred $60 million of investment securities from our available-forsale portfolio into a CDO.\nThis transfer, which was executed at fair market value in exchange for cash, was treated as a sale.\nWe did not acquire or transfer any investment securities to a CDO during 2006.\nNote 12.\nShareholders Equity Treasury Stock: During the first quarter of 2006, we purchased 3 million shares of our common stock under a program authorized by our Board of Directors, or Board, in 2005.\nOn March 16, 2006, the Board authorized a new program for the purchase of up to 15 million shares of our common stock for general corporate purposes, including mitigating the dilutive impact of shares issued under employee benefit programs, and terminated the 2005 program.\nUnder this new program, we purchased 2.8 million shares of our common stock during 2006, and as of December 31, 2006, 12.2 million shares were available for purchase.\nWe utilize third-party broker-dealers to acquire common shares on the open market in the execution of our stock purchase program.\nIn addition, shares may be acquired for other deferred compensation plans, held by an external trustee, that are not part of the common stock purchase program.\nAs of December 31, 2006, on a cumulative basis, approximately 395,000 shares have been purchased and are held in trust.\nThese shares are recorded as treasury stock in our consolidated statement of condition.\nDuring 2006, 2005 and 2004, we purchased and recorded as treasury stock a total of 5.8 million shares, 13.1 million shares and 4.1 million shares, respectively, at an average historical cost per share of $63, $51 and $43, respectively.\nAccumulated Other Comprehensive (Loss) Income:"}
{"_id": "d812325d2", "title": "", "text": "| For the year ended December 31, | 2009 | (in millions) | Fixed maturities, available-for-sale | Equity securities, available-for-sale | Total other-than-temporary impairment losses, net of recoveries from the sale of previously impaired securities |"}
{"_id": "d8d3c55d2", "title": "", "text": "| (in millions) 2007 2006 | Non-U.S. pension benefit plans | U.S. pension benefit plans |"}
{"_id": "d81c287a8", "title": "", "text": "| Year ended December 31, | 2011 | (Dollars in thousands) | Interest-earning assets: | Federal Reserve deposits, federal funds sold, securities purchased under agreements to resell and other short-term investment securities-1 | Available-for-sale securities: -2 | Taxable | Non-taxable -3 | Total loans, net of unearned income -4 | Total interest-earning assets | Cash and due from banks | Allowance for loan losses | Goodwill | Other assets -5 | Total assets | Funding sources: | Interest-bearing liabilities: | NOW deposits | Money market deposits | Money market deposits in foreign offices | Time deposits | Sweep deposits in foreign offices | Total interest-bearing deposits | Short-term borrowings | 5.375% Senior Notes | 3.875% Convertible Notes | Junior Subordinated Debentures | 5.70% Senior Note and 6.05% Subordinated Notes | Other long-term debt | Total interest-bearing liabilities | Portion of noninterest-bearing funding sources | Total funding sources | Noninterest-bearing funding sources: | Demand deposits | Other liabilities | SVBFG stockholders’ equity | Noncontrolling interests | Portion used to fund interest-earning assets | Total liabilities, noncontrolling interest, and SVBFG stockholders’ equity stockholders’ equity | Net interest income and margin | Total deposits | Reconciliation to reported net interest income: | Adjustment for tax-equivalent basis | Net interest income, as reported |"}
{"_id": "d86261cd8", "title": "", "text": "Proceeds from the Sale of Equity Securities.\nFrom time to time, we raise funds through public offerings of our equity securities.\nIn addition, we receive proceeds from sales of our equity securities pursuant to our stock option and stock purchase plans.\nFor the year ended December 31, 2004, we received approximately $40.6 million in proceeds from sales of shares of our Class A common stock and the common stock of ATC Mexico pursuant to our stock option and stock purchase plans.\nFinancing Activities During the year ended December 31, 2004, we took several actions to increase our financial flexibility and reduce our interest costs.\nNew Credit Facility.\nIn May 2004, we refinanced our previous credit facility with a new $1.1 billion senior secured credit facility.\nAt closing, we received $685.5 million of net proceeds from the borrowings under the new facility, after deducting related expenses and fees, approximately $670.0 million of which we used to repay principal and interest under the previous credit facility.\nWe used the remaining net proceeds of $15.5 million for general corporate purposes, including the repurchase of other outstanding debt securities.\nThe new credit facility consists of the following: ?\n$400.0 million in undrawn revolving loan commitments, against which approximately $19.3 million of undrawn letters of credit were outstanding at December 31, 2004, maturing on February 28, 2011; ?\na $300.0 million term loan A, which is fully drawn, maturing on February 28, 2011; and ?\na $398.0 million term loan B, which is fully drawn, maturing on August 31, 2011.\nThe new credit facility extends the previous credit facility maturity dates from 2007 to 2011 for a majority of the borrowings outstanding, subject to earlier maturity upon the occurrence of certain events described below, and allows us to use credit facility borrowings and internally generated funds to repurchase other indebtedness without additional lender approval.\nThe new credit facility is guaranteed by us and is secured by a pledge of substantially all of our assets.\nThe maturity date for term loan A and any outstanding revolving loans will be accelerated to August 15, 2008, and the maturity date for term loan B will be accelerated to October 31, 2008, if (1) on or prior to August 1, 2008, our 93?8% senior notes have not been (a) refinanced with parent company indebtedness having a maturity date of February 28, 2012 or later or with loans under the new credit facility, or (b) repaid, prepaid, redeemed, repurchased or otherwise retired, and (2) our consolidated leverage ratio (total parent company debt to annualized operating cash flow) at June 30, 2008 is greater than 4.50 to 1.00.\nIf this were to occur, the payments due in 2008 for term loan A and term loan B would be $225.0 million and $386.0 million, respectively.\nNote Offerings.\nDuring 2004, we raised approximately $1.1 billion in net proceeds from the sale of debt securities through institutional private placements as follows (in millions):"}
{"_id": "d8aac3120", "title": "", "text": "The Company finalized and completed a plan to restructure certain of R2’s historical activities.\nAs of the acquisition date the Company recorded a liability of approximately $798 in accordance with EITF Issue No.95-3, Recognition of Liabilities in Connection with a Purchase Business Combination, related to the termination of certain employees and loss related to the abandonment of certain lease space under this plan.\nAll amounts under this plan have been paid as of September 29, 2007.\nThe Company reduced goodwill related to the R2 acquisition in the amount of approximately $2,300 and $400 during the years ended September 27, 2008 and September 29, 2007, respectively.\nThe reduction in 2007 was primarily related to a change in the preliminary valuation of certain assets and liabilities acquired based on information received during the year.\nThe decrease in goodwill in 2008 was related to the reduction of an income tax liability.\nThe final purchase price allocations were completed and the adjustments did not have a material impact on the Company’s financial position or results of operation.\nAs part of the purchase price allocation, all intangible assets that were a part of the acquisition were identified and valued.\nIt was determined that only customer relationship, trade name, developed technology and know how and in-process research and development had separately identifiable values.\nCustomer relationship represents R2’s strong active customer base, dominant market position and strong partnership with several large companies.\nTrade name represents the R2 product names that the Company intends to continue to use.\nOrder backlog consists of customer orders for which revenue has not yet been recognized.\nDeveloped technology and know how represents currently marketable purchased products that the Company continues to resell as well as utilize to enhance and incorporate into the Company’s existing products.\nThe estimated $10,200 of purchase price allocated to in-process research and development projects primarily related to R2’s Digital CAD products.\nThe projects added direct digital algorithm capabilities as well as"}
{"_id": "d8c54020a", "title": "", "text": "| Qualified DefinedBenefit Pension Plans Retiree Medical andLife Insurance Plans | 2017 | Change in benefit obligation | Beginning balance | Service cost | Interest cost | Benefits paid | Actuarial losses (gains) | Changes in longevity assumptions(a) | Plan amendments and acquisitions(b) | Service cost related to discontinued operations | Medicare Part D subsidy | Participants’ contributions | Ending balance | Change in plan assets | Beginning balance at fair value | Actual return on plan assets | Benefits paid | Company contributions | Medicare Part D subsidy | Participants’ contributions | Ending balance at fair value | Unfunded status of the plans |"}
{"_id": "d88a931d4", "title": "", "text": "| Moody’s S&P Fitch | Ameren: | Issuer/corporate credit rating | Senior unsecured debt | Commercial paper | Ameren Missouri: | Issuer/corporate credit rating | Secured debt | Ameren Illinois: | Issuer/corporate credit rating | Secured debt | Senior unsecured debt | Genco: | Issuer/corporate credit rating | Senior unsecured debt |"}
{"_id": "d8aff50d0", "title": "", "text": "Performance Share Units Under the 2005 ICP, the Company’s Executive Leadership Team may be awarded a target number of performance share units (‘‘PSUs’’).\nPSUs will be earned only to the extent that the Company attains certain goals relating to the Company’s performance and relative total shareholder returns against peers over a three-year period.\nThe awards also have a three-year service condition with cliff vesting with an accelerated service condition based on age and length of service.\nThe actual number of PSUs ultimately earned could vary from zero, if performance goals are not met, to as much as 200% of the target, if performance goals are significantly exceeded.\nThe value of each target PSU is equal to the value of one share of Ameriprise common stock.\nThe total amount of target PSUs outstanding at the end of December 31, 2016, 2015 and 2014 was 0.2 million.\nThe PSUs are liability awards.\nDuring the years ended December 31, 2016, 2015 and 2014, the value of shares settled for PSU awards was $15 million, $27 million and $20 million, respectively."}
{"_id": "d81d4e236", "title": "", "text": "In addition, we have defined contribution plans that are generally available to all U. S.  employees and agents.\nEligible participants could not contribute more than $16,500 of their compensation to the plans in 2009.\nEffective January 1, 2006, we made several changes to the retirement programs.\nIn general, the pension and supplemental executive retirement plan benefit formulas were reduced, and the 401(k) matching contribution was increased.\nEmployees who were ages 47 or"}
{"_id": "d8642a2d6", "title": "", "text": "| (Millions) 2017 2016 2015 | Other expenses: | Interest rate derivative contracts | Hedged items | Net hedge ineffectiveness (losses) gains |"}
{"_id": "d8c6c15f2", "title": "", "text": "| At December 31, | (Dollars in thousands) | Gross basis: | Beginning of period reserves | Incurred losses | Paid losses | End of period reserves | Net basis: | Beginning of period reserves | Incurred losses | Paid losses | End of period reserves |"}
{"_id": "d88d8cd4a", "title": "", "text": "| December 31, | 2012 | (Dollars in thousands) | Non-marketable securities (fair value accounting): | Venture capital and private equity fund investments -1 | Other venture capital investments -2 | Other investments | Non-marketable securities (equity method accounting): | Other investments | Low income housing tax credit funds | Non-marketable securities (cost method accounting): | Venture capital and private equity fund investments | Other investments | Total non-marketable securities | December 31, | 2012 | (Dollars in thousands) | SVB Strategic Investors Fund, LP | SVB Strategic Investors Fund II, LP | SVB Strategic Investors Fund III, LP | SVB Strategic Investors Fund IV, LP | Strategic Investors Fund V Funds | SVB Capital Preferred Return Fund, LP | SVB Capital—NT Growth Partners, LP | SVB Capital Partners II, LP | Other private equity fund | Total venture capital and private equity fund investments |"}
{"_id": "d8d9041e2", "title": "", "text": "in still beverages.\nThe growth in sparkling beverages was led by a 5 percent increase in Trademark Sprite, a 4 percent increase in Trademark Fanta and a 3 percent increase in brand Coca-Cola.\nStill beverage volume growth was led by packaged water and growth in teas and value-added dairy of 6 percent and 10 percent, respectively.\nChinas unit case volume grew 4 percent, led by 5 percent growth in brand Coca-Cola and 6 percent growth in Trademark Fanta.\nIndia reported double-digit volume growth, and Japan reported a volume decline of 1 percent, reflecting 1 percent growth in sparkling beverages offset by a 1 percent decline in still beverages.\nUnit case volume for Bottling Investments decreased 2 percent.\nThis decrease primarily reflects the deconsolidation of our bottling operations in Brazil during July 2013 as a result of their combination with an independent bottling partner.\nThe unfavorable impact of these transactions on the groups unit case volume results was partially offset by growth in other key markets, including China and India, where we own or otherwise consolidate bottling operations.\nThe Companys consolidated bottling operations accounted for 35 percent and 65 percent of the unit case volume in China and India, respectively.\nConcentrate Sales Volume In 2015, worldwide concentrate sales volume and unit case volume both grew 2 percent compared to 2014.\nAfter considering the impact of structural changes, concentrate sales volume grew 1 percent during the year ended December 31, 2015.\nIn 2014, worldwide concentrate sales volume and unit case volume both grew 2 percent compared to 2013.\nAfter considering the impact of structural changes, concentrate sales volume grew 1 percent during the year ended December 31, 2014.\nThe differences between concentrate sales volume and unit case volume growth rates worldwide and for individual operating segments in 2015 and 2014 were primarily due to the timing of concentrate shipments and the impact of unit case volume from certain joint ventures in which the Company has an equity interest, but to which the Company does not sell concentrates, syrups, beverage bases or powders."}
{"_id": "d89c035f4", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | 2013 | Attritional | Catastrophes | Total segment | 2012 | Attritional | Catastrophes | Total segment | 2011 | Attritional | Catastrophes | Total segment | Variance 2013/2012 | Attritional | Catastrophes | Total segment | Variance 2012/2011 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8f5e00c2", "title": "", "text": "| Debt securities — Auction-rate securities only | Student loan bonds | Balances at March 1, 2008 | Changes in unrealized losses in other comprehensive income | Purchases, sales and settlements, net | Interest received, net | Balances at February 28, 2009 | Changes in unrealized gains in other comprehensive income | Purchases, sales and settlements, net | Interest received, net | Balances at February 27, 2010 |"}
{"_id": "d8bdb736c", "title": "", "text": "| Year Ended December 31, 2013 2012 2011 | Operating activities: | Net income | Net income items not affecting cash | Pension contributions | Changes in operating assets and liabilities, net | Net cash provided by operating activities | Net cash used in investing activities | Net cash provided by financing activities | Effect of exchange rate changes on cash | Net increase (decrease) in cash and cash equivalents | Cash and cash equivalents at beginning of the year | Cash and cash equivalents at end of the year |"}
{"_id": "d8aae8b96", "title": "", "text": "| 2010 2011 2012 2013 2014 2015 | Loews Common Stock | S&P 500 Index | Loews Peer Group (a) |"}
{"_id": "d8de3982e", "title": "", "text": "Table of Contents Noninterest expense increased by $51.2 million in 2011, primarily due to an increase in incentive compensation and an increase in salaries and wages expenses.\nThe increase in incentive compensation expenses was due to our strong financial performance in 2011 as we exceeded our internal performance targets for the year.\nThe increase in salaries and wages was primarily due to an increase in the average number of FTE employees at GCB, which increased to 1,142 in 2011, compared to 1,046 in 2010, as well as from merit increases.2010 compared to 2009 Net interest income from our GCB decreased by $12.7 million in 2010, primarily due to a $45.1 million decrease in the FTP earned for deposits due to decreases in market interest rates and a $15.1 million decrease in loan interest income resulting mainly from a decrease in average loan balances.\nThese decreases were partially offset by a $36.7 million increase in the FTP earned for deposits due to significant deposit growth, as well as a $6.7 million decrease in interest expense from deposits resulting primarily from decreases in our deposit rates.\nWe had a provision for loan losses for GCB of $42.4 million in 2010, compared to a provision of $79.9 million in 2009.\nThe decrease in provision was primarily due to a decrease in net charge-offs as a result of an improvement in the overall credit quality of our clients for 2010.\nNoninterest income increased by $16.7 million in 2010, primarily due to an increase in foreign exchange fees, credit card fees and deposit service charges.\nThe increase in foreign exchange fees was primarily due to improving business conditions for our clients, which has resulted in higher commissioned notional volumes.\nCommissioned notional volumes increased to $6.7 billion in 2010, compared to $5.0 billion in 2009.\nThe increase in credit card fees was primarily due to the addition of new credit card clients, as well as an increase in client activity.\nThe increase in deposit service charges was primarily due to an increase in the volume of transactions as a result of deposit growth.\nNoninterest expense increased by $65.9 million in 2010, primarily due to an increase in incentive compensation, salaries and wages and ESOP expenses.\nThe increase in incentive compensation and ESOP expenses was due to us exceeding our internal performance targets for 2010 as compared to our 2009, incentive compensation levels, which were at half of target levels as we did not achieve all of our internal performance targets for 2009.\nThe increase in salaries and wages was primarily due to an increase in the average number of FTE employees at GCB, which increased to 1,046 in 2010, compared to 999 in 2009, as well as from merit increases."}
{"_id": "d8af6935a", "title": "", "text": "| (Amounts in millions) 2012 2011 | Cash and cash equivalents | Trade and other accounts receivable – net | Finance receivables – net | Contract receivables – net | Inventories – net | Other current assets | Total current assets | Notes payable | Accounts payable | Other current liabilities | Total current liabilities | Working capital |"}
{"_id": "d8926f83a", "title": "", "text": "Note 20 Legal Proceedings and Contingencies Various lawsuits, claims, proceedings and investigations are pending against the Company and certain of its subsidiaries.\nIn accordance with SFAS No.5, Accounting for Contingencies, the Company records accruals for such contingencies when it is probable that a liability will be incurred and the amount of loss can be reasonably estimated.\nThese matters involve antitrust, securities, patent infringement, pricing, sales and marketing practices, environmental, health and safety matters, product liability and insurance coverage.\nThe most significant of these matters are described below.\nThere can be no assurance that there will not be an increase in the scope of these matters or that any future lawsuits, claims, proceedings or investigations will not be material.\nManagement continues to believe, as previously disclosed, that during the next few years, the aggregate impact, beyond current reserves, of these and other legal matters affecting the Company is reasonably likely to be material to the Company’s results of operations and cash flows, and may be material to its financial condition and liquidity.\nThe Company’s decision to obtain insurance coverage is dependent on market conditions, including cost and availability, existing at the time such decisions are made.\nAs a result of external factors, the availability of insurance has become more restrictive while the cost has increased significantly.\nThe Company has evaluated its risks and has determined that the cost of obtaining insurance outweighs the benefits of coverage protection against losses and as such, became self-insured for product liabilities effective July 1, 2004.\nThe Company will continue to evaluate these risks and benefits to determine its insurance needs in the future."}
{"_id": "d8922c030", "title": "", "text": "producing well and as long as the Company is making sufficient progress assessing the reserves and the economic and operating viability of the project.\nFor certain capital-intensive deepwater Gulf of Mexico or international projects, it may take the Company more than one year to evaluate the future potential of the exploration well and make a determination of its economic viability.\nThe Companys ability to move forward on a project may be dependent on gaining access to transportation or processing facilities or obtaining permits and government or partner approval, the timing of which is beyond the Companys control.\nIn such cases, exploratory well costs remain suspended as long as the Company is actively pursuing access to necessary facilities and access to such permits and approvals and believes they will be obtained.\nManagement assesses the status of its suspended exploratory well costs on a quarterly basis.\nSee Note 5  Capitalized Exploratory Well Costs.\n Other Property  Other property includes autos, trucks, airplane, office furniture and computer equipment and other fixed assets.\nThese items are recorded at cost and are depreciated on the straight-line method based on expected lives of the individual assets or group of assets.\nOther Assets Other assets consists of the following at December 31:"}
{"_id": "d8c2d5e5c", "title": "", "text": "Entergy Mississippi, Inc.  Management's Financial Discussion and Analysis 227 Other regulatory charges (credits) have no material effect on net income due to recovery and/or refund of such expenses.\nOther regulatory credits increased primarily due to the under-recovery through the Grand Gulf rider of Grand Gulf capacity charges.2003 Compared to 2002 Net revenue, which is Entergy Mississippi's measure of gross margin, consists of operating revenues net of: 1) fuel, fuel-related, and purchased power expenses and 2) other regulatory charges (credits).\nFollowing is an analysis of the change in net revenue comparing 2003 to 2002."}
{"_id": "d838f1eca", "title": "", "text": "ALM Process Interest rate contracts and foreign exchange contracts are utilized in the Corporation’s ALM process.\nThe Corporation maintains an overall interest rate risk management strategy that incorporates the use of interest rate contracts to minimize significant fluctuations in earnings that are caused by interest rate volatility.\nThe Corporation’s goal is to manage interest rate sensitivity so that movements in interest rates do not significantly adversely affect Net Interest Income.\nAs a result of interest rate fluctuations, hedged fixed-rate assets and liabilities appreciate or depreciate in market value.\nGains or losses on the derivative instruments that are linked to the hedged fixed-rate assets and liabilities are expected to substantially offset this unrealized appreciation or depreciation.\nInterest Income and Interest Expense on hedged variable-rate assets and liabilities increase or decrease as a result of interest rate fluctuations.\nGains and losses on the derivative instruments that are linked to these hedged assets and liabilities are expected to substantially offset this variability in earnings."}
{"_id": "d86f92b82", "title": "", "text": "| December 31, 2009 December 31, 2008 | Fair | Value | U.S. government and agency securities | Corporate notes and bonds | Municipal securities | Mortgage-backed securities | Asset-backed securities | Foreign government bonds | Commercial paper | Other debt securities | Equity securities | $973.9 |"}
{"_id": "d8923afd6", "title": "", "text": "| Fiscal2014 Fiscal2013 Fiscal2012 | Euro | Yen (in billions) | British Pounds |"}
{"_id": "d8db7175e", "title": "", "text": "| Year Ended December | in millions | Equity securities | Debt securities and loans | Other | Total net revenues | Operating expenses | Pre-tax earnings/(loss) |"}
{"_id": "d8e27578a", "title": "", "text": "| As of December 31, | (in millions, except ratio data) | BALANCE SHEET DATA: | Total assets | Loans held for sale, at fair value | Other loans held for sale | Loans and leases | Allowance for loan and lease losses | Total securities | Goodwill | Total liabilities | Total deposits | Federal funds purchased and securities sold under agreements to repurchase | Other short-term borrowed funds | Long-term borrowed funds | Total stockholders’ equity | OTHER BALANCE SHEET DATA: | Asset Quality Ratios: | Allowance for loan and lease losses as a % of total loans and leases | Allowance for loan and lease losses as a % of nonperforming loans and leases | Nonperforming loans and leases as a % of total loans and leases | Capital Ratios:-5 | CET1 capital ratio-6 | Tier 1 capital ratio-7 | Total capital ratio-8 | Tier 1 leverage ratio-9 |"}
{"_id": "d81b7d646", "title": "", "text": "Note 24 – Capital There are two categories of risk-based capital: Tier 1 capital and Tier 2 capital.\nTier 1 capital includes common stockholders’ equity, qualifying preferred stock and minority interest less goodwill and other adjustments.\nTier 2 capital consists of preferred stock not qualifying as Tier 1, subordinated long-term debt and other instruments qualifying as Tier 2, and the aggregate allowance for credit losses up to a certain percentage of risk-weighted assets.\nTotal regulatory capital is subject to deductions for investments in certain subsidiaries.\nUnder the risk-based capital guidelines of the FRB, JPMorgan Chase is required to maintain minimum ratios of Tier 1 and Total (Tier 1 plus Tier 2) capital to risk-weighted assets, as well as minimum leverage ratios (which are defined as Tier 1 capital to average adjusted on–balance sheet assets).\nFailure to meet these minimum requirements could cause the FRB to take action.\nBank subsidiaries also are subject to these capital requirements by their respective primary regulators.\nAs of December 31, 2005 and 2004, JPMorgan Chase and all of its banking subsidiaries were well-capitalized and met all capital requirements to which each was subject."}
{"_id": "d8dbe5654", "title": "", "text": "At December 31, 2014, there was $401 million of total pretax unrecognized compensation expense related to nonvested stock options, RSU and PSU awards which will be recognized over a weighted average period of 1.9 years.\nFor segment reporting, share-based compensation costs are unallocated expenses.13."}
{"_id": "d838f2078", "title": "", "text": "NIKE, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) such agreements in place.\nHowever, based on the Company’s historical experience and the estimated probability of future loss, the Company has determined that the fair value of such indemnifications is not material to the Company’s financial position or results of operations.\nIn the ordinary course of its business, the Company is involved in various legal proceedings involving contractual and employment relationships, product liability claims, trademark rights, and a variety of other matters.\nThe Company does not believe there are any pending legal proceedings that will have a material impact on the Company’s financial position or results of operations.\nNote 16 — Restructuring Charges During the fourth quarter of fiscal 2009, the Company took necessary steps to streamline its management structure, enhance consumer focus, drive innovation more quickly to market and establish a more scalable, long-term cost structure.\nAs a result, the Company reduced its global workforce by approximately 5% and incurred pre-tax restructuring charges of $195 million, primarily consisting of severance costs related to the workforce reduction.\nAs nearly all of the restructuring activities were completed in the fourth quarter of fiscal 2009, the Company does not expect to recognize additional costs in future periods relating to these actions.\nThe restructuring charge is reflected in the corporate expense line in the segment presentation of pre-tax income in Note 19 — Operating Segments and Related Information.\nThe activity in the restructuring accrual for the year ended May 31, 2009 is as follows (in millions):"}
{"_id": "d8b4f54e0", "title": "", "text": "| 2010 Period-to- Period Change 2009 Period-to- Period Change 2008 | Labor and related benefits | Professional fees | Provision for bad debts | Other | $1,461 |"}
{"_id": "d896987d6", "title": "", "text": "| As of December 31, | 2006 | Balance Sheet Data(at end of period): | Cash and cash equivalents | Total assets | Total long-term debt | Minority interest | Total stockholders’ equity |"}
{"_id": "d812a0d0c", "title": "", "text": "Rupture in Note H to the financial statements in Item 8) ($14 million), offset in part by surcharges for assessments and fees that are collected in revenues from customers ($4 million) and lower municipal infrastructure support costs ($2 million).\nDepreciation and amortization increased $2 million in 2018 compared with 2017 due primarily to higher steam utility plant balances.\nTaxes, other than income taxes increased $14 million in 2018 compared with 2017 due primarily to higher property taxes ($13 million) and state and local taxes ($2 million), offset in part by a sales and use tax refund ($1 million).\nTaxes, Other Than Income Taxes At $2,156 million, taxes other than income taxes remain one of CECONY’s largest operating expenses.\nThe principal components of, and variations in, taxes other than income taxes were:"}
{"_id": "d8937485c", "title": "", "text": "| Trusts Face Value Maturity Date Annual Interest Rate | ETBH Capital Trust II | ETBH Capital Trust I | ETBH Capital Trust V, VI, VIII | ETBH Capital Trust VII, IX—XII | ETBH Capital Trust XIII—XVIII, XX | ETBH Capital Trust XIX, XXI, XXII | ETBH Capital Trust XXIII—XXIV | ETBH Capital Trust XXV—XXX | Total |"}
{"_id": "d81da991a", "title": "", "text": "CAPITAL RESOURCES AND LIQUIDITY 100 www.\nthehartford.\ncom Off-balance Sheet Arrangements and Aggregate Contractual Obligations The Company does not have any off-balance sheet arrangements that are reasonably likely to have a material effect on the financial condition, results of operations, liquidity, or capital resources of the Company, except for the contingent capital facility described above, as well as unfunded commitments to purchase investments in limited partnerships and other alternative investments, private placements, and mortgage loans as disclosed in Note 14 - Commitments and Contingencies of Notes to Consolidated Financial Statements."}
{"_id": "d88143638", "title": "", "text": "| Federal funds purchased and securities sold under | agreements to | repurchase-2 | In billions of dollars | Amounts outstanding at year end | Average outstanding during the year-5 | Maximum month-end outstanding | Weighted-average interest rate | During the year-5(6) | At year end-7 |"}
{"_id": "d8b20f834", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements entities.\nThis analysis includes a review of (1) the Company’s rights and responsibilities as investment manager and (2) variable interests (if any) held by the Company.\nThe assets of these VIEs are restricted and must be used first to settle liabilities of the VIE.\nThe Company is not required to provide, and has not provided, material financial or other support to any of these VIEs.\nEffective January 1, 2016, the Company adopted new FASB guidance (ASU 2015-02, Consolidation (Topic 810): Amendments to Consolidation Analysis) that resulted in the deconsolidation of certain of its previously consolidated CLOs.\nSee Note 2 for additional information.\nAdditionally, the Company is the primary beneficiary of certain VIEs in which the Company has invested, as part of its investment activities, but for which it is not the investment manager.\nThese include structured investments issued by a VIE that manages yen-denominated investments coupled with cross-currency coupon swap agreements thereby creating synthetic dual currency investments.\nThe Company’s involvement in the structuring of these investments combined with its economic interest indicates that the Company is the primary beneficiary.\nThe Company has not provided material financial support or other support that was not contractually required to these VIEs.\nThe table below reflects the carrying amount and balance sheet caption in which the assets and liabilities of consolidated VIEs are reported.\nThe liabilities primarily comprise obligations under debt instruments issued by the VIEs that are non-recourse to the Company.\nThe creditors of these VIEs do not have recourse to the Company in excess of the assets contained within the VIEs."}
{"_id": "d8ced764c", "title": "", "text": "Certain products the Company sells are accounted for as freestanding derivatives or contain embedded derivatives.\nChanges in the fair value of these derivatives, along with any fees received or payments made relating to the derivative, are recorded in Realized investment gains (losses), net.\n These Realized investment gains (losses), net are included in adjusted operating income in the period in which the gain or loss is recorded.\nIn addition, the changes in fair value of any associated derivative portfolio that is part of an economic hedging program related to the risk of these products (but which do not qualify for hedge accounting treatment under U. S.  GAAP) are also included in adjusted operating income in the period in which the gains or losses on the derivative portfolio are recorded.\nAdjusted operating income includes net gains of $376 million, net losses of $456 million and net gains of $46 million for the years ended December 31, 2009, 2008, and 2007, respectively, related to these products and any associated derivative portfolio.\nAdjustments are also made for the purposes of calculating adjusted operating income for the following items: The Company conducts certain activities for which Realized investment gains (losses), net are a principal source of earnings for its businesses and therefore included in adjusted operating income, particularly within the Companys Asset Management segment.\nFor example, Asset Managements proprietary investing business makes investments for sale or syndication to other investors or for placement or co-investment in the Companys managed funds and structured products.\nThe Realized investment gains (losses), net associated with the sale of these proprietary investments, as well as related derivative results, are a principal activity for this business and included in adjusted operating income.\nIn addition, the Realized investment gains (losses), net associated with loans originated by the Companys commercial mortgage operations, as well as related derivative results and retained mortgage servicing rights, are a principal activity for this business and included in adjusted operating income.\nNet realized investment losses of $274 million, gains of $66 million and losses of $22 million for the years ended December 31, 2009, 2008, and 2007, respectively, related to these and other businesses were included in adjusted operating income as an adjustment to Realized investment gains (losses), net.\n"}
{"_id": "d8ac574c8", "title": "", "text": "| Type of expense Total estimated amount expected to be incurred | Termination benefits | Other exit costs-1 | Restructuring charges | Restructuring related charges-2 | $46 million to $51 million |"}
{"_id": "d8ae2da90", "title": "", "text": "| 2019 $294,269 | 2020 | 2021 | 2022 | 2023 | Thereafter | Future Minimum Lease Payments | December 31, 2010 | Financial Services Businesses | Gross Carrying Value | ($ in millions) | Commercial and agricultural mortgage loans by region: | U.S. Regions: | Pacific | South Atlantic | Middle Atlantic | East North Central | West South Central | Mountain | New England | West North Central | East South Central | Subtotal—U.S. | Asia | Other | Total commercial and agricultural mortgage loans | December 31, 2010 | Financial Services Businesses | Gross Carrying Value | ($ in millions) | Commercial and agricultural mortgage loans by property type: | Industrial buildings | Retail stores | Office buildings | Apartments/Multi-family | Other | Hospitality | Agricultural properties | Total commercial and agricultural mortgage loans |"}
{"_id": "d82074370", "title": "", "text": "The fair value of Stock Options is estimated on the date of grant using a binomial lattice model.\nSignificant assumptions used in the Companys binomial lattice model, which are further described below, include: expected volatility of the price of the Holding Companys common stock; risk-free rate of return; expected dividend yield on the Holding Companys common stock; exercise multiple; and the postvesting termination rate.\nExpected volatility is based upon an analysis of historical prices of the Holding Companys common stock and call options on that common stock traded on the open market.\nThe Company uses a weighted-average of the implied volatility for publicly-traded call options with the longest remaining maturity nearest to the money as of each valuation date and the historical volatility, calculated using monthly closing prices of the Holding Companys common stock.\nThe Company chose a monthly measurement interval for historical volatility as it believes this better depicts the nature of employee option exercise decisions being based on longer-term trends in the price of the underlying shares rather than on daily price movements.\nThe binomial lattice model used by the Company incorporates different risk-free rates based on the imputed forward rates for U. S.  Treasury Strips for each year over the contractual term of the option.\nThe table below presents the full range of rates that were used for options granted during the respective periods.\nDividend yield is determined based on historical dividend distributions compared to the price of the underlying common stock as of the valuation date and held constant over the life of the Stock Option."}
{"_id": "d85dd9b7a", "title": "", "text": "| 2006 2005 2004 | Shares | Deferred Compensation Obligations | Balance at beginning of year | Reinvested dividends | Option exercise deferrals | Benefit payments | Balance at end of year | Treasury Stock | Balance at beginning of year | Reinvested dividends | Option exercise deferrals | Benefit payments | Balance at end of year |"}
{"_id": "d8ac2a6c6", "title": "", "text": "| Years Ended December 31 2016 2015 2014 | (In millions) | Net earned premiums | Net investment income | Net operating loss | Net realized investment gains | Net loss from continuing operations |"}
{"_id": "d892f2582", "title": "", "text": "develop risk management practices, such as an information security program and a supplier program to ensure that suppliers adopt appropriate policies and procedures when performing work on our behalf.\nThese specialized groups also assist the lines of business in the development and implementation of risk management practices specific to the needs of the individual businesses.\nThese groups also work with line of business executives and risk executives to develop and guide appropriate strategies, policies, practices, controls and monitoring tools for each line of business.\nAdditionally, where appropriate, we purchase insurance policies to mitigate the impact of operational losses when and if they occur.\nThese insurance policies are explicitly incorporated in the structural features of our operational risk evaluation.\nAs insurance recoveries, especially given recent market events, are subject to legal and financial uncertainty, the inclusion of these insurance policies are subject to reductions in the mitigating benefits expected within our operational risk evaluation.\nThe lines of business are responsible for all the risks within the business line, including operational risks.\nOperational risk executives, working in conjunction with senior line of business executives, have developed key tools to help identify, measure, mitigate and monitor risk in each line of business.\nExamples of these include personnel management practices, data reconciliation processes, fraud management units, transaction processing monitoring and analysis, business recovery planning and new product introduction processes.\nIn addition, the lines of business are responsible for monitoring adherence to corporate practices.\nLine of business management uses a self-assessment process, which helps to identify and evaluate the status of risk and control issues, including mitigation plans, as appropriate.\nThe goal of the self-assessment process is to periodically assess changing market and business conditions, to evaluate key risks impacting each line of business and assess the controls in place to mitigate the risks.\nIn addition to information gathered from the self-assessment process, key operational risk indicators have been developed and are used to help identify trends and issues on both an enterprise and a line of business level."}
{"_id": "d895acf8e", "title": "", "text": "| Locomotives Owned Leased Total AverageAge (yrs.) | Road | Switching | Other | Total locomotives |"}
{"_id": "d87d4cf16", "title": "", "text": "Effective January 1, 2018, we adopted new accounting guidance issued by the FASB related to the presentation of net periodic pension and OPEB costs.\nThis guidance requires that an employer disaggregate the service cost component from the other components of net benefit cost.\nService cost is required to be reported in the same line item or items as other compensation costs arising from services rendered by the pertinent employees during the period.\nThe other components of net benefit cost are required to be reported outside the subtotal for income from operations.\nAs a result, components of pension and OPEB costs, other than service costs, will be reclassified from operating costs to other income/expense.\nThis change will be applied retrospectively to prior years.\nIn the fourth quarter of 2017, the company reviewed and made changes to the mortality assumptions primarily for our U. S.  pension plans which resulted in an overall increase in the life expectancy of plan participants.\nAs of December 31, 2017 these changes resulted in an increase in our Liability for postemployment benefits of approximately $290 million.\nIn the fourth quarter of 2016, the company adopted new mortality improvement scales released by the SoA for our U. S.  pension and OPEB plans.\nAs of December 31, 2016, this resulted in an increase in our Liability for postemployment benefits of approximately $200 million.\nIn the first quarter of 2017, we announced the closure of our Gosselies, Belgium facility.\nThis announcement impacted certain employees that participated in a defined benefit pension plan and resulted in a curtailment and the recognition of termination benefits.\nIn March 2017, we recognized a net loss of $20 million for the curtailment and termination benefits.\nIn addition, we announced the decision to phase out production at our Aurora, Illinois, facility, which resulted in termination benefits of $9 million for certain hourly employees that participate in our U. S.  hourly defined benefit pension plan.\nBeginning in 2016, we elected to utilize a full yield curve approach in the estimation of service and interest costs by applying the specific spot rates along the yield curve used in the determination of the benefit obligation to the relevant projected cash flows.\nService and interest costs in 2017 and 2016 were lower by $140 million and $180 million, respectively, under the new method than they would have been under the previous method.\nThis change had no impact on our year-end defined benefit pension and OPEB obligations or our annual net periodic benefit cost as the lower service and interest costs were entirely offset in the actuarial loss (gain) reported for the respective year.\nWe expect our total defined benefit pension and OPEB expense (excluding the impact of mark-to-market gains and losses) to decrease approximately $80 million in 2018.\nThis decrease is primarily due to a higher expected return on plan assets as a result of a higher asset base in 2018.\nIn general, our strategy for both the U. S.  and the non-U.\nS.  pensions includes ongoing alignment of our investments to our liabilities, while reducing risk in our portfolio.\nFor our U. S.  pension plans, our year-end 2017 asset allocation was 34?percent equities, 62?percent fixed income and 4 percent other.\nOur current U. S.  pension target asset allocation is 30 percent equities and 70 percent fixed income.\nThe target allocation is revisited periodically to ensure it reflects our overall objectives.\nThe U. S.  plans are rebalanced to plus or minus 5 percentage points of the target asset allocation ranges on a monthly basis.\nThe year-end 2017 asset allocation for our non-U.\nS.  pension plans was 40?percent equities, 53?percent fixed income, 4?percent real estate and 3 percent other.\nThe 2017 weighted-average target allocations for our non-U.\nS.  pension plans was 38?percent equities, 54?percent fixed income, 5?percent real estate and 3?percent other.\nThe target allocations for each plan vary based upon local statutory requirements, demographics of the plan participants and funded status.\nThe frequency of rebalancing for the non-U.\nS.  plans varies depending on the plan.\nContributions to our pension and OPEB plans were $1.6 billion and $329 million in 2017 and 2016, respectively.\nThe 2017 contributions include a $1.0 billion discretionary contribution made to our U. S.  pension plans in December 2017.\nWe expect to make approximately $365 million of contributions to our pension and OPEB plans in 2018.\nWe believe we have adequate resources to fund both pension and OPEB plans."}
{"_id": "d8f6ea2b0", "title": "", "text": "| 2009 2008 2007 | Cost of revenues | Research and development | Selling and marketing | General and administrative | Restructuring charge | $32,939 |"}
{"_id": "d8bad3df8", "title": "", "text": "| As of December 31, 2003 MaximumPotentialPayments EstimatedProceedsfromCollateral/Recourse CarryingAmount ofLiabilities* | Contingent repurchase commitments | Trade-in commitments | Asset-related guarantees | Credit guarantees related to the Sea Launch venture | Other credit guarantees | Equipment trust certificates | Performance guarantees |"}
{"_id": "d872e4146", "title": "", "text": "| Years Ended December 31, | 2013 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Income from continuing operations before income tax provision | Income tax provision | Income from continuing operations | Loss from discontinued operations, net of tax | Net income | Less: Net income (loss) attributable to noncontrolling interests | Net income attributable to Ameriprise Financial |"}
{"_id": "d8712c5ce", "title": "", "text": "| Restructuring Charges( In Thousands) Positions Affected | 2011 | Flavors | Fragrances | Global | Total |"}
{"_id": "d8734bcd8", "title": "", "text": "Selling, General and Administrative Expenses.\nSelling, general and administrative expenses consist primarily of personnel-related costs, restructuring costs, corporate costs, fees for professional and consulting services, advertising costs, and other costs of administration.\nAdvertising.\nAdvertising costs, which are expensed as incurred, totaled $63.6 million, $65.1 million and $57.1 million during 2016, 2015 and 2014, respectively.\nStock-Based Compensation.\nWe recognize the cost of stock-based payment transactions in the financial statements over the period services are rendered according to the fair value of the stock-based awards issued.\nAll of our stock-based awards, which are stock options and nonvested stock, are classified as equity instruments.\nIncome Taxes.\nWe account for income taxes under the liability method.\nWe record deferred income taxes using enacted tax laws and rates for the years in which the taxes are expected to be paid.\nDeferred income tax assets and liabilities are recorded based on the differences between the financial reporting and income tax bases of assets and liabilities.\nWe assess whether it is more likely than not that we will generate sufficient taxable income to realize our deferred tax assets.\nWe record a valuation allowance, as necessary, to reduce our deferred tax assets to the amount of future tax benefit that we estimate is more likely than not to be realized.\nWe record tax benefits for positions that we believe are more likely than not of being sustained under audit examinations.\nWe assess the potential outcome of such examinations to determine the adequacy of our income tax accruals.\nWe recognize interest and penalties accrued related to unrecognized tax benefits in the provision for income taxes on our Consolidated Statements of Income.\nWe adjust our income tax provision during the period in which we determine that the actual results of the examinations may differ from our estimates or when statutory terms expire.\nChanges in tax laws and rates are reflected in our income tax provision in the period in which they occur.\nEarnings Per Share.\nOur basic earnings per share, or EPS, is calculated as net income divided by the weightedaverage number of common shares outstanding during the reporting period.\nDiluted EPS is calculated to reflect the potential dilution that would occur if stock options or other contracts to issue common stock were exercised and resulted in additional common shares outstanding.\nThe net income amounts used in both our basic and diluted EPS calculations are the same.\nA reconciliation of the weightedaverage outstanding shares used in the two calculations is"}
{"_id": "d8de64f88", "title": "", "text": "| 2018 2017 2016 2015 2014 | (In millions, except per share data) | COMMON STOCK DATA | Common equity book value per share | Tangible common book value per share (non-GAAP)(2) | Market value at year-end | Total trading volume (shares) | Dividend payout ratio | Stockholders of record at year-end (actual) | Weighted-average number of common shares outstanding | Basic | Diluted |"}
{"_id": "d860d88b2", "title": "", "text": "Domestic utility companies and System Energy Notes to Respective Financial Statements (b) In 2003, the domestic utility companies and System Energy filed, with the IRS, a change in tax accounting method notification for their respective calculations of cost of goods sold.\nThe adjustment implemented a simplified method of allocation of overhead to the production of electricity, which is provided under the IRS capitalization regulations.\nThe cumulative adjustment placing these companies on the new methodology resulted in a $1.171 billion deduction for Entergy Arkansas, a $674 million deduction for Entergy Gulf States, a $505 million deduction for Entergy Louisiana, a $145 million deduction for Entergy Mississippi, a $31 million deduction for Entergy New Orleans, and a $430 million deduction for System Energy on Entergy's 2003 income tax return.\nThere was no cash benefit from the method change in 2003.\nIn 2004, Entergy Arkansas realized $173 million, Entergy Gulf States realized $69 million, Entergy Louisiana realized $100 million, Entergy Mississippi realized $36 million, and System Energy realized $144 million in cash tax benefit from the method change.\nThis tax accounting method change is an issue across the utility industry and will likely be challenged by the IRS on audit.\nEntergy believes that its contingency provision established in its financial statements will sufficiently cover its risk associated with this issue.\nTotal income taxes differ from the amounts computed by applying the statutory income tax rate to income before taxes.\nThe reasons for the differences for the years 2004, 2003, and 2002 are:"}
{"_id": "d85d721e6", "title": "", "text": "| December 31 | (Dollars in millions) | Consumer | Residential mortgage-2 | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer | Commercial | U.S. commercial | Commercial real estate | Commercial lease financing | Non-U.S. commercial | 96 | U.S. small business commercial | Total commercial | Total accruing loans and leases past due 90 days or more-3 |"}
{"_id": "d87acf130", "title": "", "text": "| December 31, 2007 December 31, 2006 | Type | (In millions) | Real estate | Real estate joint ventures | Foreclosed real estate | 6,597 | Real estate held-for-sale | Total real estate holdings |"}
{"_id": "d88cba94e", "title": "", "text": "| 2014 | First Quarter | (In millions, except per share amounts) | Operating revenues | Earnings (loss) before income taxes | Net earnings (loss) attributable to Devon | Basic net earnings (loss) per share attributable to Devon | Diluted net earnings (loss) per share attributable to Devon | 2013 | First Quarter | (In millions, except per share amounts) | Operating revenues | Earnings (loss) before income taxes | Net earnings (loss) attributable to Devon | Basic net earnings (loss) per share attributable to Devon | Diluted net earnings (loss) per share attributable to Devon |"}
{"_id": "d8c1b42bc", "title": "", "text": "Our direct exposure to subprime mortgage lending is limited to investment in residential mortgage-backed securities and asset-backed securities backed by home equity loans.\nThe fair value of securities backed by Alt-A and subprime loans was $5.5 million at December 31, 2009 and $7.6 million at December 31, 2008.\nThere are no collateralized debt obligations or structured investment vehicles in our investment portfolio.\nThe percentage of corporate securities associated with the financial services industry was 37.3% at December 31, 2009 and 41.7% at December 31, 2008.\nDuration is indicative of the relationship between changes in market value and changes in interest rates, providing a general indication of the sensitivity of the fair values of our debt securities to changes in interest rates.\nHowever, actual market values may differ significantly from estimates based on duration.\nThe average duration of our debt securities was approximately 4.5 years at December 31, 2009.\nIncluding cash equivalents, the average duration was approximately 3.8 years.\nBased on the duration including cash equivalents, a 1% increase in interest rates would generally decrease the fair value of our securities by approximately $340 million.\nGross unrealized losses and fair values aggregated by investment category and length of time that individual securities have been in a continuous unrealized loss position were as follows at December 31, 2009 and 2008, respectively:"}
{"_id": "d8d5dd798", "title": "", "text": "| Crude Oil, Condensate and NGLs (MMBbls) | United States | Proved Reserves as of: | December 31, 2007 | Revisions of Previous Estimates-2 | Extensions, Discoveries and Other Additions-3 | Purchase of Minerals in Place-4 | Sale of Minerals in Place-5 | Production-6 | December 31, 2008 | Revisions of Previous Estimates-2 | Extensions, Discoveries and Other Additions-3 | Purchase of Minerals in Place-4 | Sale of Minerals in Place-5 | Production-6 | December 31, 2009 | Revisions of Previous Estimates-2 | Extensions, Discoveries and Other Additions-3 | Purchase of Minerals in Place-4 | Sale of Minerals in Place-5 | Production-6 | December 31, 2010 | Proved Developed Reserves as of: | December 31, 2007 | December 31, 2008 | December 31, 2009 | December 31, 2010 | Proved Undeveloped Reserves as of: | December 31, 2007 | December 31, 2008 | December 31, 2009 | December 31, 2010 |"}
{"_id": "d884dae5e", "title": "", "text": "| $ in millions Total-4,5,6 Within 1 Year 1-3 Years 3-5 Years More Than 5 Years | Long-term debt-1 | Estimated interest payments on long-term debt-1 | Operating leases-2 | Purchase obligations-3 | Total |"}
{"_id": "d8114396e", "title": "", "text": "Delta government launches are excluded from our deliveries after December 1, 2006 due to the formation of ULA."}
{"_id": "d8e879686", "title": "", "text": "| 2009 2008 2007 | Recurring tenant improvements | Recurring leasing costs | Building improvements | Totals |"}
{"_id": "d8619f926", "title": "", "text": "EARNINGS PER SHARE The Company has outstanding two separate classes of common stock.\nThe Common Stock reflects the performance of the Financial Services Businesses and the Class B Stock reflects the performance of the Closed Block Business.\nAccordingly, earnings per share is calculated separately for each of these two classes of common stock.\narithmetic average of prospective returns, which is based upon a risk free rate as of the measurement date adjusted by a risk premium that considers historical statistics and expected investment manager performance, for equity, debt and real estate markets applied on a weighted average basis to our pension asset portfolio.\nGiving effect to the foregoing assumptions, we expect on a consolidated basis income from our own qualified pension plan will continue to contribute to adjusted operating income in 2006, but at a level of about $65 million to $75 million below that of the year 2005.\nIn 2006, pension service costs related to active employees will continue to be allocated to our business segments.\nAdjusted operating income of our real estate and relocation services business increased $4 million, from $101 million in 2004 to $105 million in 2005.\nThe improvement is the result of higher revenues in our real estate franchise operations and higher operating income in our real estate financing business due to increased real estate transaction volumes and home prices.2004 to 2003 Annual Comparison.\nCorporate and Other had adjusted operating income of $167 million in 2004 compared to $84 million in 2003.\nAdjusted operating income from corporate operations increased by $45 million, from $21 million in 2003 to $66 million in 2004.\nCorporate operations includes income from our qualified pension plan of $466 million in 2004, an increase of $94 million from $372 million in 2003, reflecting an increase in the allocation to other segments of pension service costs.\nThe increase in allocated pension service costs in 2004 was partially offset by a reduction in the allocation to other segments of other benefit costs related to non-active employees that are now retained in corporate operations.\nIn 2003, Corporate operations general and administrative expenses included $37 million of costs related to a structured financing transaction we entered into prior to our demutualization.\nGeneral and administrative expenses, other than this cost, increased $42 million in comparison to 2003, reflecting the reduction in the allocation to other segments of other benefit costs related to non-active employees discussed above.\nOur 2004 results reflect an initial $39 million benefit from reduction in postretirement benefit costs relating to the Medicare Prescription Drug, Improvement and Modernization Act of 2003.\nCorporate operations included $68 million of costs in 2004 from retained obligations relating to policyholders with whom we had previously agreed to provide insurance for reduced or no premium in accordance with contractual settlements related to prior individual life sales practices remediation, as compared to $23 million in 2003.\nThe costs in 2004 include the impact of a reduction in our policy dividend scale, as discussed above.\nAdjusted operating income of our real estate and relocation services increased by $38 million, from $63 million in 2003 to $101 million in 2004.\nThe improvement is the result of higher revenues in our real estate franchise operations and higher operating income in our real estate financing business due to increased real estate transaction volumes and home prices."}
{"_id": "d868cc320", "title": "", "text": "| Fair Value Measurement | Quoted Prices in Active Markets forIdentical Assets(Level 1) | As of December 31, | Balance Sheet Classification | (In $ millions) | Mutual funds | Derivatives Not Designated as Hedges | Foreign currency forwards and swaps | Total assets | Derivatives Designated as Cash Flow Hedges | Interest rate swaps | Interest rate swaps | Derivatives Not Designated as Hedges | Interest rate swaps | Interest rate swaps | Foreign currency forwards and swaps | Total liabilities |"}
{"_id": "d818bcbdc", "title": "", "text": "Financial derivatives involve, to varying degrees, interest rate, market and credit risk.\nFor interest rate swaps and total return swaps, options and futures contracts, only periodic cash payments and, with respect to options, premiums are exchanged.\nTherefore, cash requirements and exposure to credit risk are significantly less than the notional amount on these instruments.\nFurther information on our financial derivatives is presented in Note 1 Accounting Policies and Note 17 Financial Derivatives in the Notes To Consolidated Financial Statements in Item 8 of this Report, which is incorporated here by reference.\nNot all elements of interest rate, market and credit risk are addressed through the use of financial or other derivatives, and such instruments may be ineffective for their intended purposes due to unanticipated market changes, among other reasons.\nThe following table summarizes the notional or contractual amounts and net fair value of financial derivatives at December 31, 2012 and December 31, 2011.\nTable 54: Financial Derivatives Summary"}
{"_id": "d8e7d7660", "title": "", "text": "| 2010 2009 2008 | New stores | Store-related projects-1 | Information technology | Other | Total capital expenditures |"}
{"_id": "d87a379c0", "title": "", "text": "| Restricted Stock Units Outstanding Weighted Average Grant-DateFair Value of Restricted StockUnits Outstanding | Future Service Required | Outstanding, December 2012 | Granted1, 2 | Forfeited | Delivered3 | Vested2,4 | Outstanding, December 2013 |"}
{"_id": "d87492f06", "title": "", "text": "| Year Ended December 31, 2014 | Parent | Cash Flows from Operating Activities: | Cash Flows from Operating Activities-Continuing Operations | Cash Flows from Operating Activities-Discontinued Operations | Cash Flows from Operating Activities | Cash Flows from Investing Activities: | Capital expenditures | Cash paid for acquisitions, net of cash acquired | Intercompany loans to subsidiaries | Investment in subsidiaries | Acquisitions of customer relationships and customer inducements | Proceeds from sales of property and equipment and other, net (including real estate) | Cash Flows from Investing Activities-Continuing Operations | Cash Flows from Investing Activities-Discontinued Operations | Cash Flows from Investing Activities | Cash Flows from Financing Activities: | Repayment of revolving credit and term loan facilities and other debt | Proceeds from revolving credit and term loan facilities and other debt | Early retirement of senior subordinated notes | Net proceeds from sales of senior notes | Debt financing (repayment to) and equity contribution from (distribution to) noncontrolling interests, net | Intercompany loans from parent | Equity contribution from parent | Parent cash dividends | Proceeds from exercise of stock options and employee stock purchase plan | Excess tax deficiency from stock-based compensation | Payment of debt financing and stock issuance costs | Cash Flows from Financing Activities-Continuing Operations | Cash Flows from Financing Activities-Discontinued Operations | Cash Flows from Financing Activities | Effect of exchange rates on cash and cash equivalents | Increase (Decrease) in cash and cash equivalents | Cash and cash equivalents, beginning of year | Cash and cash equivalents, end of year |"}
{"_id": "d8a4b413a", "title": "", "text": "| Year Ended | September 30, 2009 | ($ in 000's) | Interest Income and Expense | Interest Income | Interest Expense | Net Interest Income | Non-Interest Expenses | Pre-tax Income |"}
{"_id": "d8cca9cc6", "title": "", "text": "organizations evaluate whether transactions should be accounted for as acquisitions (or disposals) of assets or businesses, with the expectation that fewer will qualify as acquisitions (or disposals) of businesses.\nThe ASU became effective for us on January 1, 2018.\nThese amendments will be applied prospectively from the date of adoption.\nThe effect of ASU 2017-01 will be dependent upon the nature of future acquisitions or dispositions that we make, if any.\nIn October 2016, the FASB issued ASU 2016-16, “Income Taxes (Topic 740): Intra-Entity Transfers of Assets Other Than Inventory.\n” The amendments in this update state that an entity should recognize the income tax consequences of an intra-entity transfer of an asset other than inventory, such as intellectual property and property and equipment, when the transfer occurs.\nWe will adopt ASU 2016-16 effective January 1, 2018 with no expected effect on our consolidated financial statements.\nIn June 2016, the FASB issued ASU 2016-13, “Financial Instruments - Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments.\n” The amendments in this update change how companies measure and recognize credit impairment for many financial assets.\nThe new expected credit loss model will require companies to immediately recognize an estimate of credit losses expected to occur over the remaining life of the financial assets (including trade receivables) that are in the scope of the update.\nThe update also made amendments to the current impairment model for held-to-maturity and available-for-sale debt securities and certain guarantees.\nThe guidance will become effective for us on January 1, 2020.\nEarly adoption is permitted for periods beginning on or after January 1, 2019.\nWe are evaluating the effect of ASU 2016-13 on our consolidated financial statements.\nIn January 2016, the FASB issued ASU 2016-01, “Financial Instruments - Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities.\n” The amendments in this update address certain aspects of recognition, measurement, presentation and disclosure of financial instruments.\nThe amendments in this update supersede the guidance to classify equity securities with readily determinable fair values into different categories (that is, trading or available-for-sale) and require equity securities (including other ownership interests, such as partnerships, unincorporated joint ventures and limited liability companies) to be measured at fair value with changes in the fair value recognized through earnings.\nEquity investments that are accounted for under the equity method of accounting or result in consolidation of an investee are not included within the scope of this update.\nThe amendments allow equity investments that do not have readily determinable fair values to be remeasured at fair value either upon the occurrence of an observable price change or upon identification of an impairment.\nThe amendments also require enhanced disclosures about those investments.\nWe will adopt ASU 2016-01 effective January 1, 2018 with no expected effect on our consolidated financial statements."}
{"_id": "d8973c26e", "title": "", "text": "| As of December 31, | 2006 | (In thousands) | Consolidated Balance Sheet Data: -1 | Cash and cash equivalents | Short-term investments | Long-term investments | Working capital -4 | Total assets | Short-term debt | Long-term debt | Total stockholders' equity |"}
{"_id": "d882920f2", "title": "", "text": "| Increase (Decrease) | Labor, other benefits, contracting and materials | Nuclear refueling outage costs, including the co-owned Salem Plant(a) | Exelon Wind(b) | Asset retirement obligation reduction(c) | 2010 nuclear insurance credit(d) | Corporate allocations(e) | Acquisition costs(f) | Other(g) | Increase in operating and maintenance expense |"}
{"_id": "d868d9610", "title": "", "text": "| (in millions) 2010 2009 2008 | Hedges of lending-related commitments(a) | CVA and hedges of CVA(a) | Net gains/(losses) |"}
{"_id": "d89e0a384", "title": "", "text": "| A.M. Best Fitch Standard & Poor's Moody's | Principal Financial Group | Senior Unsecured Debt -1 | Preferred Stock -2 | Principal Financial Services | Senior Unsecured Debt | Commercial Paper | Principal Life Insurance Company | Insurer Financial Strength | Enterprise Risk Management Rating | Principal National Life Insurance Company | Insurer Financial Strength |"}
{"_id": "d87920366", "title": "", "text": "| East 2016 2017 2018 2019 AnnualAverage for2016-2019 | (Dollars in millions unless otherwise stated) | Net Coal Capacity (MW)(a) | Forecasted Coal Capacity (MW)(b) | Total Coal Sales (MW)(c) | Percentage Coal Capacity Sold Forward(d) | Total Forward Hedged Revenues(e) | Weighted Average Hedged Price ($ per MWh)(e) | Average Equivalent Natural Gas Price ($ per MMBtu)(e) | Gas Price Sensitivity Up $0.50/MMBtu on Coal Units | Gas Price Sensitivity Down $0.50/MMBtu on Coal Units | Heat Rate Sensitivity Up 1 MMBtu/MWh on Coal Units | Heat Rate Sensitivity Down 1 MMBtu/MWh on Coal Units |"}
{"_id": "d8cbcc146", "title": "", "text": "| 12/31/04 12/31/05 12/31/06 12/31/07 12/31/08 12/31/09 | United Parcel Service, Inc. | S&P 500 Index | Dow Jones Transportation Average | 2013 | Net income | Non-cash operating activities(a) | Pension and postretirement plan contributions (UPS-sponsored plans) | Income tax receivables and payables | Changes in working capital and other noncurrent assets and liabilities | Other operating activities | Net cash from operating activities |"}
{"_id": "d8a95fe28", "title": "", "text": "| 2005 2004 | Towers | Equipment | Buildings and improvements | Land and improvements | Construction-in-progress | Total | Less accumulated depreciation and amortization | Property and equipment, net |"}
{"_id": "d8b93b0e0", "title": "", "text": "| 2019 2020 2021 2022 2023 Thereafter Total | Deferred acquisition payments | Redeemable noncontrolling interests and call options with affiliates1 | Total contingent acquisition payments |"}
{"_id": "d87310700", "title": "", "text": "| Millions, Except Estimated UsefulLifeAs of December 31, 2014 Cost$5,194 AccumulatedDepreciation$N/A Net BookValue$5,194 EstimatedUseful LifeN/A | Road: | Rail and other track material | Ties | Ballast | Other roadway [a] | Total road | Equipment: | Locomotives | Freight cars | Work equipment and other | Total equipment | Technology and other | Construction in progress | Total |"}
{"_id": "d871193d4", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | CHANGE IN PROJECTED BENEFIT OBLIGATION | Projected benefit obligation at beginning of year | Service cost – excluding administrative expenses | Interest cost on projected benefit obligation | Net actuarial (gain)/loss | Plan amendments | Benefits paid | PROJECTED BENEFIT OBLIGATION AT END OF YEAR | CHANGE IN PLAN ASSETS | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contributions | Benefits paid | Administrative expenses | FAIR VALUE OF PLAN ASSETS AT END OF YEAR | FUNDED STATUS | Unrecognized net loss | Unrecognized prior service costs | Accumulated benefit obligation |"}
{"_id": "d869d07ee", "title": "", "text": "Commercial Credit The primary factors considered in commercial credit approvals are the financial strength of the borrower, assessment of the borrowers management capabilities, cash flows from operations, industry sector trends, type and sufficiency of collateral, type of exposure, transaction structure, and the general economic outlook.\nWhile these are the primary factors considered, there are a number of other factors that may be considered in the decision process.\nWe utilize a centralized preview and senior loan approval committee, led by our chief credit officer.\nThe risk rating (see next paragraph) and complexity of the credit determines the threshold for approval of the senior loan committee with a minimum credit exposure of $10.0 million.\nFor loans not requiring senior loan committee approval, with the exception of small business loans, credit officers who understand each local region and are experienced in the industries and loan structures of the requested credit exposure are involved in all loan decisions and have the primary credit authority.\nFor small business loans, we utilize a centralized loan approval process for standard products and structures.\nIn this centralized decision environment, certain individuals who understand each local region may make credit-extension decisions to preserve our commitment to the communities in which we operate.\nIn addition to disciplined and consistent judgmental factors, a sophisticated credit scoring process is used as a primary evaluation tool in the determination of approving a loan within the centralized loan approval process.\nIn commercial lending, on-going credit management is dependent on the type and nature of the loan.\nWe monitor all significant exposures on an on-going basis.\nAll commercial credit extensions are assigned internal risk ratings reflecting the borrowers PD and LGD.\nThis two-dimensional rating methodology provides granularity in the portfolio management process.\nThe PD is rated and applied at the borrower level.\nThe LGD is rated and applied based on the specific type of credit extension and the quality and lien position associated with the underlying collateral.\nThe internal risk ratings are assessed at origination and updated at each periodic monitoring event.\nThere is also extensive macro portfolio management analysis on an on-going basis.\nWe continually review and adjust our risk-rating criteria based on actual experience, which provides us with the current risk level in the portfolio and is the basis for determining an appropriate allowance for credit losses (ACL) amount for the commercial portfolio.\nA centralized portfolio management team monitors and reports on the performance of the entire commercial portfolio, including small business loans, to provide consistent oversight.\nIn addition to the initial credit analysis conducted during the approval process, our Credit Review group performs testing to provide an independent review and assessment of the quality and risk of new loan originations.\nThis group is part of our Risk Management area and conducts portfolio reviews on a risk-based cycle to evaluate individual loans, validate risk ratings, and test the consistency of credit processes."}
{"_id": "d87097884", "title": "", "text": "Certain mortgage loans Citigroup has elected the fair value option for certain purchased and originated prime fixed-rate and conforming adjustable-rate first mortgage loans held-for-sale.\nThese loans are intended for sale or securitization and are hedged with derivative instruments.\nThe Company has elected the fair value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications.\nThe fair value option was not elected for loans held-for-investment, as those loans are not hedged with derivative instruments.\nThe following table provides information about certain mortgage loans carried at fair value:"}
{"_id": "d89392e9c", "title": "", "text": "Pensions We use actuarial estimated and related actuarial methods to calculate our obligation and expense.\nWe are required to select certain actuarial assumptions, which are determined based on current market conditions, historical information and consultation with and input from our actuaries and asset managers.\nRefer to Note 12.\nPension Benefits to the audited consolidated financial statements included herein for additional details.\nThe key factors which impact our estimates are (1) discount rates; (2) asset return assumptions; and (3) actuarial assumptions such as retirement age and mortality which are determined as of the current year measurement date.\nWe review our actuarial assumptions on an annual basis and make modifications to the assumptions based on current rates and trends when appropriate.\nExperience gains and losses, as well as the effects of changes in actuarial assumptions and plan provisions are recognized in other comprehensive income.\nCumulative actuarial gains and losses in excess of 10% of the projected benefit obligation (“PBO”) for a particular plan are amortized over the average future service period of the employees in that plan.\nThe principal assumptions used to determine the pension expense and the actuarial value of the projected benefit obligation for the U. S.  and non-U.\nS.  pension plans were: Assumptions used to determine benefit obligations at December 31:"}
{"_id": "d878431a0", "title": "", "text": "(11) Capital Stock In February 2015, the Companys Board of Directors authorized the repurchases of up to $500,000 in common stock.\nPurchases of the Companys common stock may be made from time to time, subject to market conditions, and may be made in the open market or through privately negotiated transactions.\nThe Company has no obligation to repurchase shares under the authorization and the time, actual number, and the value of the shares which are repurchased will depend on a number of factors, including the price of the Companys common stock.\nIn 2017, the Company repurchased 1,584 shares at an average price of $94.74.\nThe total cost of these repurchases, including transaction costs, was $150,054.\nAt December 31, 2017, $177,966 remained under the current authorizations."}
{"_id": "d87f6f30c", "title": "", "text": "| Gross derivative receivables Gross derivative payables | December 31, 2012(in millions) | Trading assets and liabilities | Interest rate | Credit | Foreign exchange(b) | Equity | Commodity | Total fair value of trading assets and liabilities | Gross derivative receivables | December 31, 2011(in millions) | Trading assets and liabilities | Interest rate | Credit | Foreign exchange(b) | Equity | Commodity | Total fair value of trading assets and liabilities | Year ended December 31,(in millions) | Repurchase liability at beginning of period | Net realized gains/(losses)(b) | Reclassification to litigation reserve | (Benefit)/provision for repurchase(c) | Repurchase liability at end of period |"}
{"_id": "d8b57cd0a", "title": "", "text": "All Other Included in All Other are our Latin America and Equity Investments businesses, and Other.\nLatin America includes our full-service Latin American operations in Brazil, Argentina and Chile.\nThese businesses provide a wide array of products to indigenous and multinational corporations, as well as consumers.\nThese services include lending, deposit-taking, asset management, private banking and treasury operations.\nThe consumer business focuses on the affluent and middle-market segments.\nOur largest book of business is in Brazil, while Argentina has our largest branch network, with 87 branches.\nOur Brazilian and Chilean operations have 65 branches and 43 branches, respectively.\nBeginning in 2005, Latin America will be re-aligned with the Global Business and Financial Services segment.\nFor more information on our Latin American operations, see Foreign Portfolio beginning on page 64.\nEquity Investments include Principal Investing and other corporate investments.\nPrincipal Investing is comprised of a diversified portfolio of investments in privately-held and publicly-traded companies at all stages of their lifecycle from start-up to buyout.\nOther includes Noninterest Income and Expense amounts associated with the ALM process, including Gains on Sales of Debt Securities, the allowance for credit losses process, the residual impact of methodology allocations, intersegment eliminations, and the results of certain consumer finance and commercial lending businesses that are being liquidated."}
{"_id": "d8f21a71c", "title": "", "text": "| 2003 2002 2001 | Subsidiaries | Affiliates |"}
{"_id": "d88fbd5d8", "title": "", "text": "| Table 48 Net Credit Default Protection by Maturity Profile December 31 | 2011 | Less than or equal to one year | Greater than one year and less than or equal to five years | Greater than five years | Total net credit default protection |"}
{"_id": "d8d0fa65e", "title": "", "text": "| Years Ended December 31, | 2008 | (In millions) | Operating Revenues | Premiums | Net investment income | Other revenues | Total operating revenues | Operating Expenses | Policyholder benefits and claims and policyholder dividends | Interest credited to policyholder account balances | Interest credited to bank deposits | Capitalization of DAC | Amortization of DAC and VOBA | Interest expense | Other expenses | Total operating expenses | Provision for income tax expense (benefit) | Operating earnings | Preferred stock dividends | Operating earnings available to common shareholders |"}
{"_id": "d8ae49a4c", "title": "", "text": "The table below presents, by region, the tons of proven and probable aggregates reserves as of December 31, 2014 and the types of facilities operated."}
{"_id": "d89d891b2", "title": "", "text": "| (Millions of Dollars) 2014 2013 Variance 2014 vs. 2013 2012 Variance 2013 vs. 2012 | Operating activities | Investing activities | Financing activities | Net change | Balance at beginning of period | Balance at end of period | (Millions of Dollars) | Operating activities | Investing activities | Financing activities | Net change | Balance at beginning of period | Balance at end of period |"}
{"_id": "d819070f6", "title": "", "text": "| (in millions) Maturity Amount Carrying Value Maturity | 5.00% Notes | 4.25% Notes | 3.375% Notes | 3.50% Notes | 1.25% Notes-1 | 3.20% Notes | Total Long-term Borrowings |"}
{"_id": "d8cbbf6c6", "title": "", "text": "| ($ in millions) 2012 2011 2010 | Service cost | Interest cost | Expected return on plan assets | Amortization of: | Prior service credit | Net actuarial loss | Settlement loss | Net periodic cost |"}
{"_id": "d8bea8d98", "title": "", "text": "| Fiscal Years Operating   Leases | 2008 | 2009 | 2010 | 2011 | 2012 | Later Years | Total |"}
{"_id": "d8d1200a2", "title": "", "text": "| December 31 | 2014 | (In thousands) | Loans | Commercial, financial, etc. | Real estate: | Residential | Commercial | Construction | Consumer | Total loans | Leases | Commercial | Total loans and leases | Less: unearned discount | Total loans and leases, net of unearned discount |"}
{"_id": "d8f7acf72", "title": "", "text": "| Year EndedDecember 31, 2017 Seven Months Ended December 31, 2016 Year Ended May 31, | 2016 | Cash flows from operating activities: | Net income | Adjustments to reconcile net income to net cash provided by operating activities: | Depreciation and amortization of property and equipment | Amortization of acquired intangibles | Share-based compensation expense | Provision for operating losses and bad debts | Amortization of capitalized customer acquisition costs | Deferred income taxes | Gain on sale of investments | Other, net | Changes in operating assets and liabilities, net of the effects of acquisitions: | Accounts receivable | Settlement processing assets and obligations, net | Prepaid expenses and other assets | Capitalized customer acquisition costs | Accounts payable and other liabilities | Net cash provided by operating activities | Cash flows from investing activities: | Acquisitions, net of cash acquired | Capital expenditures | Net proceeds from sale of investments | Net proceeds from sales of property and equipment | Other, net | Net cash used in investing activities | Cash flows from financing activities: | Net proceeds from (repayments of) settlement lines of credit | Proceeds from long-term debt | Repayments of long-term debt | Payment of debt issuance costs | Repurchase of common stock | Proceeds from stock issued under share-based compensation plans | Common stock repurchased - share-based compensation plans | Purchase of subsidiary shares from noncontrolling interest | Proceeds from sale of subsidiary shares to noncontrolling interest | Distributions to noncontrolling interests | Dividends paid | Net cash provided by (used in) financing activities | Effect of exchange rate changes on cash | Increase in cash and cash equivalents | Cash and cash equivalents, beginning of the period | Cash and cash equivalents, end of the period |"}
{"_id": "d8a5bfee4", "title": "", "text": "| At December 31, | 2015 | Commercial: | Commercial and industrial | Commercial real estate | Total commercial | Consumer: | Automobile | Home equity | Residential mortgage | Other loans | Total consumer | Total allowance for loan and lease losses | Allowance for unfunded loan commitments | Total allowance for credit losses | Total loans and leases | Nonaccrual loans and leases | Nonperforming assets | Total loans and leases | Nonaccrual loans and leases | Nonperforming assets |"}
{"_id": "d8d8f5d90", "title": "", "text": "| RSUs | 2019 | 2020 | 2021 | 2022 | 2023 | Total unrecognized compensation expense |"}
{"_id": "d89a14f40", "title": "", "text": "| Year ended December 31, | (Dollars in thousands) | Accrued compensation | Foreign exchange spot contract liabilities, gross | Derivative liabilities, gross -1 | Reserve for unfunded credit commitments | Other | Total other liabilities | Year ended December 31, | (Dollars in thousands) | Average cash and cash equivalents | Percentage of total average assets | Net cash provided by operating activities | Net cash used for investing activities | Net cash provided by financing activities | Net (decrease) increase in cash and cash equivalents |"}
{"_id": "d8c235268", "title": "", "text": "| (in billions, except ratios) Reported Pro forma(a)(b) | Assets | Liabilities | Tier 1 capital ratio | Tier 1 leverage ratio |"}
{"_id": "d8d5c94c8", "title": "", "text": "We account for income taxes under SFAS No.109.\nThis statement requires that we recognize a current tax liability or asset for current taxes payable or refundable and a deferred tax liability or asset for the estimated future tax effects of temporary differences and carry forwards to the extent they are realizable.\nOur effective tax rate for fiscal 2006 was 48.5% of pre-tax earnings.\nThis represents our normalized rate of approximately 38% increased for the in-process research and development charges recorded during the year which are not deductible for tax purposes.\nOur effective tax rate for fiscal 2005 was 19% of pre-tax earnings.\nThis represented our normalized rate of approximately 38% reduced by a decrease in certain valuation allowances and tax reserves.\nWe anticipate a normalized effective tax rate of 38% of pre-tax earnings in fiscal 2007.\nWe had previously recorded a valuation allowance to reduce our deferred tax assets to the amount that was more likely than not to be realized.\nIn fiscal 2005, we considered our recent operating results, future taxable income and ongoing prudent and feasible tax planning strategies in assessing the need for the valuation allowance.\nAs a result, we determined that we were able to realize a portion of our deferred tax assets in excess of the net recorded amount, and therefore, an adjustment of $6.2 million was made to reduce the valuation allowance.\nThe benefit of the release in valuation allowance was realized through reductions to tax expense and increases to additional paid in capital.\nIn addition, during the fourth quarter of 2005 we received notification that the Joint Committee on Taxation had no exceptions with the Internal Revenue Service’s conclusions on several tax returns under examination.\nTherefore, we released $750,000 of tax reserves related to these returns further reducing our provision for income taxes in fiscal 2005."}
{"_id": "d8d72ed18", "title": "", "text": "| Year endedDecember 31 | Dollars in millions | Net interest income | Net interest margin |"}
{"_id": "d873cd530", "title": "", "text": "| Year Ended | September 30, 2007 | ($ in 000's) | Revenues | Interest Income | Other | Total Revenues | Other Expense | Pre-tax Earnings (Loss) |"}
{"_id": "d88423ff6", "title": "", "text": "Tenant Lease Expirations The following table shows tenant lease expirations, including those related to DFLs, for the next 10 years and thereafter at our consolidated properties, assuming that none of the tenants exercise any of their renewal or purchase options, unless otherwise noted below, and excludes properties in our SHOP segment and assets held for sale as of and for the year ended December 31, 2018 (dollars and square feet in thousands):"}
{"_id": "d8a046120", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | Accrued liability – asbestos suits | Regulatory assets – asbestos suits | Accrued liability – workers’ compensation | Regulatory assets – workers’ compensation |"}
{"_id": "d869dccf6", "title": "", "text": "| Year Ended December 31, Year Ended December 31, | 2014 | (In $ millions, except percentages) | Net sales | Net Sales Variance | Volume | Price | Currency | Other | Other (charges) gains, net | Operating profit (loss) | Operating margin | Equity in net earnings (loss) of affiliates | Dividend income - cost investments | Depreciation and amortization |"}
{"_id": "d88908fda", "title": "", "text": "| December 31, 2008 | Less than twelve months | Carrying value | (in millions) | Fixed maturities, available-for-sale: | U.S. government and agencies | Non-U.S. governments | States and political subdivisions | Corporate — public | Corporate — private | Mortgage-backed and other asset-backed securities | Total fixed maturities, available-for-sale | Total equity securities, available-for-sale |"}
{"_id": "d86f84ad2", "title": "", "text": "Gain on business divestitures and impairments, net We strive to have a number one or number two market position in each of the markets we serve, or have a clear path on how we will achieve a leading market position over time.\nWhere we cannot establish a leading market position, or where operations are not generating acceptable returns, we may decide to divest certain assets and reallocate resources to other markets.\nAsset or business divestitures could result in gains, losses or asset impairment charges that may be material to our results of operations in a given period.\nDuring 2018, we recorded a net gain on business divestitures, net of asset impairments of $44.9 million.\nDuring 2017, we recorded a net gain on business divestitures, net of asset impairments of $27.1 million.\nWe also recorded a gain on business divestitures of $6.8 million due to the transfer of ownership of the landfill gas collection and control system and the remaining post-closure and environmental liabilities associated with one of our divested landfills.\nDuring 2016, we recorded a charge to earnings of $4.6 million primarily related to environmental costs associated with one of our divested landfills.\nDuring 2016, we also recorded a net gain related to a business divestiture of $4.7 million.\nRestructuring Charges In January 2018, we eliminated certain positions following the consolidation of select back-office functions, including but not limited to the integration of our National Accounts support functions into our existing corporate support functions.\nThese changes include a reduction in administrative staffing and the closure of certain office locations.\nDuring 2018, we incurred restructuring charges of $26.4 million that primarily consisted of severance and other employee termination benefits, the closure of offices with non-cancelable lease agreements, and the redesign of our back-office functions and upgrades to certain of our software systems.\nWe paid $24.7 million during 2018 related to these restructuring efforts.\nIn January 2016, we realigned our field support functions by combining our three regions into two field groups, consolidating our areas and streamlining select operational support roles at our Phoenix headquarters.\nAdditionally, in the second quarter of 2016, we began the redesign of our back-office functions as well as the consolidation of over 100 customer service locations into three Customer Resource Centers.\nThe redesign of our back-office functions and upgrades to certain of our software systems continued into 2018.\nDuring the years ended December 31, 2017 and 2016, we incurred $17.6 million and $40.7 million of restructuring charges, respectively, that primarily consisted of severance and other employee termination benefits, transition costs, relocation benefits, and the closure of offices with lease agreements with non-cancelable terms.\nThe savings realized from these restructuring efforts have been reinvested in our customer-focused programs and initiatives.\nInterest Expense The following table provides the components of interest expense, including accretion of debt discounts and accretion of discounts primarily associated with environmental and risk insurance liabilities assumed in acquisitions (in millions of dollars):"}
{"_id": "d8771f012", "title": "", "text": "| Amount (In Millions) | 2016 net revenue | FitzPatrick sale | Nuclear volume | FitzPatrick reimbursement agreement | Nuclear fuel expenses | Other | 2017 net revenue |"}
{"_id": "d8a0c9430", "title": "", "text": "| Consolidated Statement of Operations Data Fiscal | (In millions, except per share amounts) | Total net revenue | Total costs and expenses | Operating income from continuing operations | Total share-based compensation expense included in total costs and expenses | Net income from continuing operations | Net income from discontinued operations | Net income | Net income per common share: | Basic net income per share from continuing operations | Basic net income per share from discontinued operations | Basic net income per share | Diluted net income per share from continuing operations | Diluted net income per share from discontinued operations | Diluted net income per share | (Dollars in millions) | Product revenue | Service and other revenue | Total segment revenue | % of total revenue | Segment operating income | % of related revenue |"}
{"_id": "d8c3f3a64", "title": "", "text": "| (in thousands) Year Ended December 31, 2008 Year Ended December 31, 2007 Year Ended December 31, 2006 | Cost of sales: | Software licenses | Maintenance and service | Operating expenses: | Selling, general and administrative | Research and development | Stock-based compensation expense before taxes | Related income tax benefits | Stock-based compensation expense, net of taxes |"}
{"_id": "d8232f060", "title": "", "text": "| Year Ended December 31, | 2012-1 | Oil (per Bbl) | U.S. Onshore | Canada | North America Onshore | U.S. Offshore | Total | Bitumen (per Bbl) | Canada | Gas (per Mcf) | U.S. Onshore | Canada | North America Onshore | U.S. Offshore | Total | NGLs (per Bbl) | U.S. Onshore | Canada | North America Onshore | U.S. Offshore | Total | Combined (per Boe) | U.S. Onshore | Canada | North America Onshore | U.S. Offshore | Total |"}
{"_id": "d8b710130", "title": "", "text": "In November 2015, the FASB issued amended guidance which requires all deferred income tax assets and liabilities to be presented as noncurrent on the balance sheet.\nThis amended guidance is effective beginning January 1, 2017, and may be applied retrospectively or prospectively, with early adoption permitted.\nWe have early adopted this amended guidance and applied the presentation prospectively as of December 31, 2015.\nFor the year ended December 31, 2014, there were $107.1 of current deferred tax assets included within Other current assets and $5.4 of current deferred tax liabilities included within Accrued liabilities, which would be classified as noncurrent under the amended guidance.\nWe evaluate the realizability of our deferred tax assets on a quarterly basis.\nThe realization of our deferred tax assets is primarily dependent on future earnings.\nThe amount of the deferred tax assets considered realizable could be reduced or increased in the near future if estimates of future taxable income are lower or greater than anticipated.\nA valuation allowance is established when it is “more likely than not” that all or a portion of deferred tax assets will not be realized.\nIn circumstances where there is negative evidence, establishment of a valuation allowance is considered.\nThe factors used in assessing valuation allowances include all available evidence, such as past operating results, estimates of future taxable income and the feasibility of tax planning strategies.\nWe believe that cumulative losses in the most recent three-year period represent significant negative evidence, and as a result, we determined that certain of our deferred tax assets required the"}
{"_id": "d8b42c324", "title": "", "text": "| 2012 $372 | 2011 | 2010 | 2009 | 2008 and prior | $1,884 |"}
{"_id": "d89f12e48", "title": "", "text": "| Liabilities recorded on the balance sheet $60,578 | Commitments not recorded on the balance sheet | Total |"}
{"_id": "d863d98cc", "title": "", "text": "| Location Approximate Square Footage | Alpharetta, Georgia | Arlington, Virginia | Jersey City, New Jersey | Menlo Park, California | Sandy, Utah | New York, New York | Chicago, Illinois |"}
{"_id": "d8f193fbe", "title": "", "text": "| 2008 2007 2006 Amount | Dollars in millions, except per share data | Revenues | Sales by Company-operated restaurants | Revenues from franchised restaurants | Total revenues | Operating costs and expenses | Company-operated restaurant expenses | Franchised restaurants—occupancy expenses | Selling, general & administrative expenses | Impairment and other charges, net | Other operating (income) expense, net | Total operating costs and expenses | Operating income | Interest expense | Nonoperating (income) expense, net | Gain on sale of investment | Income from continuing operations before provision for income taxes | Provision for income taxes | Income from continuing operations | Income from discontinued operations (net of taxes of $35 and $102) | Net income | Income per common share–diluted | Continuing operations | Discontinued operations | Net income | Weighted-average common shares outstanding–diluted |"}
{"_id": "d8a4eedc6", "title": "", "text": "| Millions of Dollars 2009 2008 2007 % Change 2009 v 2008 % Change 2008 v 2007 | Freight revenues | Other revenues | Total |"}
{"_id": "d8d91e4e8", "title": "", "text": "| (in millions) 2013 2012 2011 | Nonoperating income (expense), GAAP basis | Less: Net income (loss) attributable to NCI | Nonoperating income (expense) | Gain related to Charitable Contribution | Compensation expense related to (appreciation) depreciation on deferred compensation plans | Nonoperating income (expense), less net income (loss) attributable to NCI, as adjusted |"}
{"_id": "d87b4decc", "title": "", "text": "| December 31, 2010 | Financial Services Businesses | Amortized Cost | ($ in millions) | Corporate & government securities: | Maturing in 2011 | Maturing in 2012 | Maturing in 2013 | Maturing in 2014 | Maturing in 2015 | Maturing in 2016 | Maturing in 2017 | Maturing in 2018 | Maturing in 2019 | Maturing in 2020 | Maturing in 2021 | Maturing in 2022 and beyond | Total corporate & government securities | Asset-backed securities | Commercial mortgage-backed securities | Residential mortgage-backed securities | Total fixed maturities | December 31, 2010 | Industry-1 | (in millions) | Corporate securities: | Manufacturing | Utilities | Finance | Services | Energy | Retail and Wholesale | Transportation | Other | Total corporate securities-3 | Foreign government-3(4) | Residential mortgage-backed | Asset-backed securities-5 | Commercial mortgage-backed | U.S. Government | State & Municipal-6 | Total-7(8) |"}
{"_id": "d87df9888", "title": "", "text": "| (Dollars in thousands) Fair Value Unfunded Commitments | Non-marketable securities (investment company fair value accounting): | Private equity fund investments -1 | Non-marketable securities (equity method accounting): | Other investments -2 | Non-marketable securities (cost method accounting): | Private equity fund investments -3 | Total |"}
{"_id": "d879e425c", "title": "", "text": "| 2005 $138,386 | 2006 | 2007 | 2008 | 2009 | Thereafter | Total cash obligations | Accreted value of original issue discount of the ATI 12.25% Notes | Accreted value of the related warrants | Accreted value of the discount and premium of 3.00% Notes and 7.125% Notes | Balance as of December 31, 2004 |"}
{"_id": "d8b316dd6", "title": "", "text": "| Domestic International Total | Fiscal 2009 | Termination benefits | Facility closure costs | Property and equipment write-downs | Total |"}
{"_id": "d8e39a412", "title": "", "text": "| For the years ended December 31, | 2016 | Stock-based compensation plans expense | Income tax benefit | Total stock-based compensation plans expense, after-tax |"}
{"_id": "d835c742a", "title": "", "text": "| Year Ended April 30, 2009 2008 2007 | Net interest margin-1 | Pretax return on average assets-2 | Total assets (in 000s) | Mortgage loans held for investment: | Loan loss reserve as a % of mortgage loans | Delinquency rate (30+ days) |"}
{"_id": "d85e51e0e", "title": "", "text": "| 2012 2011 | (In millions) | Exploration and Production | Unproved properties | Proved properties | Wells, equipment and related facilities | 43,015 | Marketing, Refining and Corporate | Total — at cost | Less: Reserves for depreciation, depletion, amortization and lease impairment | Property, plant and equipment — net |"}
{"_id": "d8c747b8e", "title": "", "text": "| Operating Subsidiary: A.M. Best Standard & Poor's Moody's | Everest Re | Bermuda Re | Ireland Re | Everest National | Everest Indemnity | Everest Security | Everest International Assurance, Ltd. | Everest International | Everest Canada | Everest Denali | Everest Premier | Ireland Insurance |"}
{"_id": "d88000b40", "title": "", "text": "Shareholder Value Award Program SVAs are granted to officers and management and are payable in shares of our common stock.\nThe number of shares actually issued, if any, varies depending on our stock price at the end of the three-year vesting period compared to pre-established target stock prices.\nWe measure the fair value of the SVA unit on the grant date using a Monte Carlo simulation model.\nThe model utilizes multiple input variables that determine the probability of satisfying the market condition stipulated in the award grant and calculates the fair value of the award.\nExpected volatilities utilized in the model are based on implied volatilities from traded options on our stock, historical volatility of our stock price, and other factors.\nSimilarly, the dividend yield is based on historical experience and our estimate of future dividend yields.\nThe risk-free interest rate is derived from the U. S.  Treasury yield curve in effect at the time of grant.\nThe weighted-average fair values of the SVA units granted during the years ended December 31, 2018, 2017, and 2016 were $48.51, $66.25, and $48.68, respectively, determined using the following assumptions:"}
{"_id": "d8c7e0aaa", "title": "", "text": "| Common Equity Ratio (Percent of total capitalization) | 2008 | Con Edison | CECONY |"}
{"_id": "d810dccaa", "title": "", "text": "| Years Ended December 31, | 2009 | (in millions) | Stock options | Restricted stock awards | Restricted stock units | Total |"}
{"_id": "d8dd7a6fe", "title": "", "text": "| Balance in Accumulated Other Comprehensive Loss | Contract Type | Interest Rate Swaps |"}
{"_id": "d8ad23b7c", "title": "", "text": "| 2014 2013 | December 31, (in millions) | U.S. GAAP nettable derivative payables | Interest rate contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total interest rate contracts | Credit contracts: | OTC | OTC–cleared | Total credit contracts | Foreign exchange contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total foreign exchange contracts | Equity contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total equity contracts | Commodity contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total commodity contracts | Derivative payables with appropriate legal opinions | Derivative payables where an appropriate legal opinion has not been either sought or obtained | Total derivative payables recognized on the Consolidated balance sheets |"}
{"_id": "d8115b3e8", "title": "", "text": "| Settlement date before December 31, | 2017 | December 31, 2016 | (millions) | Foreign currency sold | U.S. dollars sold for Pounds sterling | Euro sold for U.S. dollars | Japanese yen sold for U.S. dollars | Euro sold for Pounds sterling | Total | Fair value(i) |"}
{"_id": "d881b33de", "title": "", "text": "| As of December 31, 2013 | Consolidated Balance Sheet | Other intangible assets, net | Deferred income taxes | Total assets | Retained earnings | Total stockholders' equity | Total liabilities and stockholders' equity |"}
{"_id": "d8f68a388", "title": "", "text": "| Years ended December 31, | 2009 | Cash interest on debt obligations | Non-cash interest | Interest expense | Interest income | Net interest expense | Other income, net | Total (expenses) and other income |"}
{"_id": "d8ac92f14", "title": "", "text": "| 2007 2006 2005 | Beginning balance as of January 1, | (Deductions), additions and revisions in estimated cash flows, net of settlements | Accretion expense | Liability assumed in merger with SpectraSite, Inc. | Increase due to change in accounting principle | Balance as of December 31, |"}
{"_id": "d8a616b5e", "title": "", "text": "| 2016 2015 | December 31, (in millions) | Loans(a) | Nonaccrual loans | Loans reported as trading assets | Loans | Subtotal | All other performing loans | Loans reported as trading assets | Loans | Total loans | Long-term debt | Principal-protected debt | Nonprincipal-protected debt(b) | Total long-term debt | Long-term beneficial interests | Nonprincipal-protected debt | Total long-term beneficial interests |"}
{"_id": "d8641cd34", "title": "", "text": "| Gross Prescription   Drug Subsidies  (In millions) Net | 2008 | 2009 | 2010 | 2011 | 2012 | 2013-2017 |"}
{"_id": "d89cc9268", "title": "", "text": ".\nLoss on Early Extinguishment of Debt: During the fourth quarter of 2014, UST redeemed in full its $300 million (aggregate principal amount) 5.75% senior notes due 2018.\nIn addition, during the fourth quarter of 2013 and the third quarter of 2012, Altria Group, Inc.  completed debt tender offers to purchase for cash certain of its senior unsecured notes in aggregate principal amounts of $2.1 billion and $2.0 billion, respectively.\nAs a result of the UST debt redemption and the Altria Group, Inc.  debt tender offers, pre-tax losses on early extinguishment of debt were recorded as follows:"}
{"_id": "d8695f774", "title": "", "text": "| Total Less than 1 year 1-3 years 3-5 years Over 5 years | Non-cancelable operating leases, net of sublease income |"}
{"_id": "d8b611630", "title": "", "text": "| Balance at May 31, 2012 $67,436 | Adjustments | Subtotal | Payments | Balance at May 31, 2013 |"}
{"_id": "d8c170698", "title": "", "text": "FISCAL YEAR 2012 COMPARED TO FISCAL YEAR 2011 Interest income earned on mortgage loans held for investment decreased $4.4 million, or 17.7%, from the prior year, primarily as a result of declining rates and non-performing loans.\nOur provision for loan losses decreased $11.5 million, or 32.3%, from the prior year as a result of the continued run-off of our portfolio.\nIncome Taxes on Continuing Operations Our effective tax rate for continuing operations in fiscal year 2012 was 39.9% compared to 37.5% in the prior year.\nThe higher effective tax rate was primarily due to increased tax expense related to changes in the value of investments held within company-owned life insurance (COLI) policies.\nA portion of the increase related to COLI resulted from the decision to surrender COLI policies no longer required to support our deferred\nNOTE 10: OTHER NONCURRENT ASSETS AND LIABILITIES We have deferred compensation plans that permit certain employees to defer portions of their compensation and accrue income on the deferred amounts.\nIncluded in other noncurrent liabilities is $48.0 million and $142.0 million at April 30, 2012 and 2011, respectively, reflecting our obligation under these plans.\nThe decline in the liability from the prior year is primarily due to amounts paid to former employees in connection with the sale of RSM.\nWe purchased whole-life insurance contracts on certain participants to recover distributions made or to be made under these plans.\nThe cash surrender value of the policies and other assets totaled $99.0 million and $105.0 million at April 30, 2012 and 2011, respectively.\nThese assets are restricted, as they are only available to fund the related liabilities.\nDue to our plan to liquidate certain of these investments, at April 30, 2012, $81.4 million of these assets were classified as current and included in prepaid and other current assets on the consolidated balance sheet.\nThe remaining balance as of April 30, 2012, and the entire balance as of April 30, 2011, was included in other noncurrent assets on the consolidated balance sheets.\nNOTE 11: FAIR VALUE MEASUREMENT We use the following classification of financial instruments pursuant to the fair value hierarchy methodologies for assets measured at fair value:  Level 1  inputs to the valuation are quoted prices in an active market for identical assets.\n Level 2  inputs to the valuation include quoted prices for similar assets in active markets utilizing a third-party pricing service to determine fair value.\n Level 3  valuation is based on significant inputs that are unobservable in the market and our own estimates of assumptions that we believe market participants would use in pricing the asset.\nFinancial instruments are broken down in the tables that follow by recurring or nonrecurring measurement status.\nRecurring assets are initially measured at fair value and are required to be remeasured at fair value in the financial statements at each reporting date.\nAssets measured on a nonrecurring basis are assets that, as a result of an event or circumstance, were required to be remeasured at fair value after initial recognition in the financial statements at some time during the reporting period.\nThe following table presents the assets that were remeasured at fair value on a recurring basis during the fiscal year ended April 30, 2012 and 2011 and the gains on those remeasurements:"}
{"_id": "d874ac708", "title": "", "text": "ITEM 14.\nPRINCIPAL ACCOUNTING FEES AND SERVICES For the information required by this Item 14, see “Audit and Non-Audit Fees” and “Audit Committee Pre-Approval Procedures” in the Proxy Statement for our 2016Annual Meeting, which information is incorporated herein by reference."}
{"_id": "d8749ddc0", "title": "", "text": "| For the Year Ended December 31, | (In millions) | Net sales | Income before interest and taxes | Interest expense, net | Income (loss) before taxes | (Provision) benefit for income taxes | Net income (loss) |"}
{"_id": "d8e37ec9e", "title": "", "text": "Liquidity and Capital Resources Liquidity is essential to our business.\nThe primary goal of our liquidity management activities is to ensure adequate funding to conduct our business over a range of market environments.\nSenior management establishes our liquidity and capital policies.\nThese policies include senior managements review of shortand long-term cash flow forecasts, review of monthly capital expenditures, the monitoring of the availability of alternative sources of financing, and the daily monitoring of liquidity in our significant subsidiaries.\nOur decisions on the allocation of capital to our business units consider, among other factors, projected profitability and cash flow, risk and impact on future liquidity needs.\nOur treasury departments assist in evaluating, monitoring and controlling the impact that our business activities have on our financial condition, liquidity and capital structure as well as maintain our relationships with various lenders.\nThe objectives of these policies are to support the successful execution of our business strategies while ensuring ongoing and sufficient liquidity.\nLiquidity is provided primarily through our business operations and financing activities.\nFinancing activities could include bank borrowings, repurchase agreement transactions or additional capital raising activities under our universal shelf registration statement.\nCash provided by operating activities during the year ended September 30, 2013 was $660 million.\nOperating cash generated by successful operating results over the period resulted in a $457 million increase in cash.\nThe increase in operating cash included an increase in brokerage client payables and other accounts payable of $1.31 billion, largely the result of an increase in client cash deposits during the period.\nA decrease in trading instruments held resulted in an increase of $252 million in operating cash.\nA decrease in brokerage client and other receivables resulted in an increase of $88 million in operating cash.\nPartially offsetting these activities which resulted in increases of cash, decreases in cash resulted from the following activities: an increase in assets segregated pursuant to regulations and other segregated assets resulted in a $1.28 billion use of cash due to the increase in brokerage client deposits; an increase in securities purchased under agreements to resell, net of securities sold under agreements to repurchase, resulted in a $191 million use of operating cash; and an increase in prepaid expenses and other assets resulted in a $66 million use of cash.\nAll other components of operating activities combined to net a $94 million increase in operating cash.\nto September 30, 2013.\nIncreased client assets under administration typically result in higher fee-based account revenues and mutual fund and annuity service fees.\nImproved equity markets not only result in increased assets under administration, but also generally lead to more client activity and therefore improved financial advisor productivity.\nHigher client cash balances generally lead to increased interest income and account fee revenues, depending upon the interest rates realized in our Client Interest Program and RJBDP.\nThe following table presents a summary of PCG financial advisors and the total number of PCG branch locations as of the periods indicated:"}
{"_id": "d8ab7ebbe", "title": "", "text": "| Percentage Increase (Decrease) | Years ended December 31 (dollars in millions) | Bank service charges | Investment management fees | Operating lease income | Insurance revenue | Net gains on sales of residential mortgage loans | Brokerage commissions | Net gains on sales of acquired loans | Net security gains | Other non-interest income: | Commercial banking fees | Merchant services income, net | BOLI | Other | Total other non-interest income | Total non-interest income |"}
{"_id": "d834c4f3c", "title": "", "text": "Defined Contribution Plan In addition to the plans described previously, the Company’s employees are generally eligible to participate in the Ameriprise Financial 401(k) Plan (the ‘‘401(k) Plan’’).\nThe 401(k) Plan allows eligible employees to make contributions through payroll deductions up to IRS limits and invest their contributions in one or more of the 401(k) Plan investment options, which include the Ameriprise Financial Stock Fund.\nEffective March 1, 2010, the Company matches 100% of the first 5% of eligible compensation an employee contributes on a pretax or Roth 401(k) basis for each annual period.\nPrior to March 1, 2010, the Company matched 100% of the first 3% of base pay an employee contributed on a pretax basis each pay period.\nEffective March 1, 2010, the Company no longer makes an annual discretionary variable match.\nPrior to May 2009, the Company also made contributions equal to 1% of base pay each pay period, which were automatically invested in the Ameriprise Financial Stock Fund.\nUnder the 401(k) Plan, employees become eligible for contributions under the plan during the pay period they reach 60 days of service.\nFixed and variable match contributions and stock contributions are fully vested after five years of service, vesting ratably over the first five years of service.\nThe Company’s defined contribution plan expense was $33 million, $32 million and $16 million in 2011, 2010 and 2009, respectively."}
{"_id": "d8af9749e", "title": "", "text": "Purchase Obligations.\nIn the ordinary course of business, BlackRock enters into contracts or purchase obligations with third parties whereby the third parties provide services to or on behalf of BlackRock.\nPurchase obligations included in the contractual obligations table above represent executory contracts, which are either noncancelable or cancelable with a penalty.\nAt December 31, 2014, the Company’s obligations primarily reflected standard service contracts for portfolio, market data, office-related services and third-party marketing and promotional services, and obligations for equipment.\nPurchase obligations are recorded on the Company’s financial statements when services are provided and, as such, obligations for services not received are not included in the consolidated statement of financial condition at December 31, 2014."}
{"_id": "d86c2cc4a", "title": "", "text": "| Modifications  Current Modifications  30-89Days  Delinquent Modifications  90-179Days  Delinquent Modifications  180+Days  Delinquent Total Recorded  Investmentin  Modifications | December 31, 2013 | One- to four-family | Home equity | Total | December 31, 2012 | One- to four-family | Home equity | Total | Recorded  Investment in  Modifications  before Charge- offs | December 31, 2013 | One- to four-family | Home equity | Total | December 31, 2012 | One- to four-family | Home equity | Total |"}
{"_id": "d80f19b2a", "title": "", "text": "Entering 2006, earnings in the first quarter are expected to improve compared with the 2005 fourth quarter due principally to higher average price realizations, reflecting announced price increases.\nProduct demand for the first quarter should be seasonally slow, but is expected to strengthen as the year progresses, supported by continued economic growth in North America, Asia and Eastern Europe.\nAverage prices should also improve in 2006 as price increases announced in late 2005 and early 2006 for uncoated freesheet paper and pulp continue to be realized.\nOperating rates are expected to improve as a result of industry-wide capacity reductions in 2005.\nAlthough energy and raw material costs remain high, there has been some decline in both natural gas and delivered wood costs, with further moderation expected later in 2006.\nWe will continue to focus on further improvements in our global manufacturing operations, implementation of supply chain enhancements and reductions in overhead costs during 2006.\nIndustrial Packaging Demand for Industrial Packaging products is closely correlated with non-durable industrial goods production in the United States, as well as with demand for processed foods, poultry, meat and agricultural products.\nIn addition to prices and volumes, major factors affecting the profitability of Industrial Packaging are raw material and energy costs, manufacturing efficiency and product mix.\nIndustrial Packagings net sales for 2005 increased 2% compared with 2004, and were 18% higher than in 2003, reflecting the inclusion of International Paper Distribution Limited (formerly International Paper Pacific Millennium Limited) beginning in August 2005.\nOperating profits in 2005 were 39% lower than in 2004 and 13% lower than in 2003.\nSales volume increases ($24 million), improved price realizations ($66 million), and strong mill operating performance ($27 million) were not enough to offset the effects of increased raw material costs ($103 million), higher market related downtime costs ($50 million), higher converting operating costs ($22 million), and unfavorable mix and other costs ($67 million).\nAdditionally, the May 2005 sale of our Industrial Papers business resulted in a $25 million lower earnings contribution from this business in 2005.\nThe segment took 370,000 tons of downtime in 2005, including 230,000 tons of lack-of-order downtime to balance internal supply with customer demand, com"}
{"_id": "d8291a8da", "title": "", "text": "| Years Ended December 31, | 2006 | (In millions) | Balance at January 1, | Acquisition | Cash payments | Other reductions | Balance at December 31, |"}
{"_id": "d863cfef8", "title": "", "text": "The pro forma results are based upon assumptions and estimates that the Company believes are reasonable.\nThe pro forma results do not purport to be indicative of the results that actually would have been obtained had the acquisitions occurred at the beginning of the periods shown, nor are they intended to be a projection of future results.3."}
{"_id": "d88fc6552", "title": "", "text": "N.  SHAREHOLDERS’ EQUITY In July 2007, the Company’s Board of Directors authorized the repurchase for retirement of up to 50 million shares of the Company’s common stock in open-market transactions or otherwise.\nAt December 31, 2010, the Company had remaining authorization to repurchase up to 27 million shares.\nDuring 2010, the Company repurchased and retired three million shares of Company common stock, for cash aggregating $45 million to offset the dilutive impact of the 2010 grant of three million shares of long-term stock awards.\nThe Company repurchased and retired two million common shares in 2009 and nine million common shares in 2008 for cash aggregating $11 million and $160 million in 2009 and 2008, respectively.\nOn the basis of amounts paid (declared), cash dividends per common share were $.30 ($.30) in 2010, $.46 ($.30) in 2009 and $.925 ($.93) in 2008, respectively.\nIn 2009, the Company decreased its quarterly cash dividend to $.075 per common share from $.235 per common share."}
{"_id": "d8b93b252", "title": "", "text": "| Year Ended December 31, 2009 | Other Trading Account Assets– Equity Securities | (in millions) | Fair Value, beginning of period | Total gains or (losses) (realized/unrealized): | Included in earnings: | Realized investment gains (losses), net | Asset management fees and other income | Included in other comprehensive income (loss) | Net investment income | Purchases, sales, issuances and settlements | Foreign currency translation | Other-1 | Transfers into Level 3-2 | Transfers out of Level 3-2 | Fair Value, end of period | Unrealized gains (losses) for the period relating to those Level 3 assets that were still held at the end of theperiod(3): | Included in earnings: | Realized investment gains (losses), net | Asset management fees and other income | Included in other comprehensive income (loss) |"}
{"_id": "d88c3582a", "title": "", "text": "Provision for Credit Losses The provision for credit losses decreased $15.0 billion to $13.4 billion for 2011 compared to 2010.\nThe provision for credit losses was $7.4 billion lower than net charge-offs for 2011, resulting in a reduction in the allowance for credit losses driven primarily by lower delinquencies, improved collection rates and fewer bankruptcy filings across the Card Services portfolio, and improvement in overall credit quality in the commercial real estate portfolio partially offset by additions to consumer PCI loan portfolio reserves.\nThis compared to a $5.9 billion reduction in the allowance for credit losses in 2010.\nWe expect reductions in the allowance for credit losses to be lower in 2012.\nThe provision for credit losses related to our consumer portfolio decreased $11.1 billion to $14.3 billion for 2011 compared to 2010.\nThe provision for credit losses related to our commercial portfolio including the provision for unfunded lending commitments decreased $3.9 billion to a benefit of $915 million for 2011 compared to 2010.\nNet charge-offs totaled $20.8 billion, or 2.24 percent of average loans and leases for 2011 compared to $34.3 billion, or 3.60 percent for 2010.\nThe decrease in net charge-offs was primarily driven by improvements in general economic conditions that resulted in lower delinquencies, improved collection rates and fewer bankruptcy filings across the Card Services portfolio as well as lower losses in the home equity portfolio driven primarily by fewer delinquent loans.\nFor more information on the provision for credit losses, see Provision for Credit Losses on page 102."}
{"_id": "d881e1fe0", "title": "", "text": "| For the Years Ended | 2017 | Revenues by Solutions & Services | System sales | Support and maintenance | Services | Reimbursed travel | 100% | Revenues by Segment | Domestic | Global | 100% |"}
{"_id": "d873fed10", "title": "", "text": "| Shares (In thousands) Weighted- Average Grant- Date Fair Value-1 | Non-vested at January 1, 2013 | Granted | Vested | Cancelled | Forfeited | Non-vested at December 31, 2013 | December 29, 2001 | Cadence Design Systems, Inc. | S & P 500 | NASDAQ Composite | S & P Information Technology |"}
{"_id": "d8736bba0", "title": "", "text": "Supplementary Information on Oil and Gas Producing Activities (Unaudited) CONTINUED Estimated Quantities of Proved Oil and Gas Reserves Estimates of proved reserves have been prepared by in-house teams of reservoir engineers and geoscience professionals.\nReserve estimates are periodically reviewed by Marathon’s Corporate Reserves Group to assure that rigorous professional standards and the reserves definitions prescribed by the U. S.  Securities and Exchange Commission (“SEC”) are consistently applied throughout the Company.\nProved reserves are the estimated quantities of oil and natural gas that geologic and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and operating conditions.\nEstimates of proved reserves may change, either positively or negatively, as additional information becomes available and as contractual, economic and political conditions change.\nMarathon’s net proved reserve estimates have been adjusted as necessary to reflect all contractual agreements, royalty obligations and interests owned by others at the time of the estimate.\nOnly reserves that are estimated to be recovered during the term of the current contract have been included in the proved reserve estimate unless there is a clear and consistent history of contract extension.\nReserves from properties governed by production sharing contracts have been calculated using the “economic interest” method prescribed by the SEC.\nReserves that are not currently considered proved, such as those that may result from extensions of currently proved areas or that may result from applying secondary or tertiary recovery processes not yet tested and determined to be economic are excluded.\nPurchased natural gas utilized in reservoir management and subsequently resold is also excluded.\nMarathon does not have any quantities of oil and gas reserves subject to long-term supply agreements with foreign governments or authorities in which Marathon acts as producer.\nProved developed reserves are the quantities of oil and gas expected to be recovered through existing wells with existing equipment and operating methods.\nIn some cases, proved undeveloped reserves may require substantial new investments in additional wells and related facilities."}
{"_id": "d89774a9c", "title": "", "text": "| 10/26/2008 10/25/2009 10/31/2010 10/30/2011 10/28/2012 10/27/2013 | Applied Materials | S&P 500 Index | RDG Semiconductor Composite Index | Change | 2013 | (In millions, except percentages and ratios) | New orders | Net sales | Book to bill ratio | Operating income | Operating margin | Non-GAAP Adjusted Results | Non-GAAP adjusted operating income | Non-GAAP adjusted operating margin |"}
{"_id": "d8d20b8b8", "title": "", "text": "| For the Years Ended December 31, | (Millions of Dollars) | Operating revenues | Purchased power | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Electric operating income | Millions of kWh Delivered | For the Years Ended | Description | Residential/Religious (b) | Commercial/Industrial | Retail choice customers | Public authorities | Other operating revenues (c) | Total |"}
{"_id": "d8ea984da", "title": "", "text": "Asset and Liability Management Activities The primary objective of asset and liability management is to provide sustainable and growing net interest revenue, or NIR, under varying economic environments, while protecting the economic values of our balance sheet assets and liabilities from the adverse effects of changes in interest rates.\nMost of our NIR is earned from the investment of deposits generated by our core Investment Servicing and Investment Management businesses.\nWe structure our balance sheet assets to generally conform to the characteristics of our balance sheet liabilities, but we manage our overall interest-rate risk position in the context of current and anticipated market conditions and within internally approved risk guidelines.\nOur overall interest-rate risk position is maintained within a series of policies approved by the Board and guidelines established and monitored by ALCO.\nOur Global Treasury unit has responsibility for managing State Streets day-to-day interest-rate risk.\nTo effectively manage the consolidated balance sheet and related net interest revenue, Global Treasury has the authority to take a limited amount of interestrate risk based on market conditions and its views about the direction of global interest rates over both short-term and long-term time horizons.\nGlobal Treasury manages our exposure to changes in interest rates on a consolidated basis, and they have organized themselves into three regional treasury units, North America, Europe, and Asia/Pacific, to reflect the growing, global nature of our exposures and to capture the impact of change in regional market environments on our total risk position.\nOur investment activities and our use of derivative financial instruments are the primary tools used in managing interest-rate risk.\nWe invest in financial instruments with currency, repricing, and maturity characteristics we consider appropriate to manage our overall interest-rate risk position.\nIn addition to onbalance sheet assets, we use certain derivatives, primarily interest-rate swaps, to alter the interest-rate characteristics of specific balance sheet assets or liabilities.\nThe use of derivatives is subject to ALCO-approved guidelines.\nAdditional information about our use of derivatives is in Note 15 of the Notes to Consolidated Financial Statements included in this Form 10-K under Item 8.\nAs a result of growth in our non-U.\nS.  operations, non-U.\nS.  dollar denominated customer liabilities are a significant portion of our consolidated balance sheet.\nThis growth results in exposure to changes in the shape and level of non-U.\nS.  dollar yield curves, which we include in our consolidated interest-rate risk management process."}
{"_id": "d899e3c06", "title": "", "text": "Cash flows from operating activities in 2006 were negatively affected by higher cash pension funding and higher working capital levels compared to the prior year.\nThe higher working capital was a combination of higher than planned raw material inventory levels, higher income tax payments and higher accounts receivable balances, the latter resulting primarily from the repayment of a portion of the accounts receivable securitization program and late payments from customers in Europe.\nManagement expects the increase in working capital to be temporary and that working capital levels will return to normal levels by the end of the first half of 2007."}
{"_id": "d87817fe6", "title": "", "text": "| In millions IncrementalAssets | Market Street | Credit card loans | Total | In millions | December 31, 2009 | Market Street | Tax credit investments (b) (c) | Collateralized debt obligations | Total | December 31, 2008 | Market Street | Tax credit investments (b) (c) | Collateralized debt obligations | Total |"}
{"_id": "d872efe10", "title": "", "text": "| Year Ended December 31, | (in millions) | Interest income | Foreign currency losses | Net gains (losses) on investments | Other expense, net | $-37 |"}
{"_id": "d89754472", "title": "", "text": "| 2003 2002 2001 2000 1999 | Net earnings (loss) | Add: | Interest expense | Income tax expense (benefit) | EBIT | Add: depreciation and amortization | EBITDA |"}
{"_id": "d82990bc0", "title": "", "text": "| 2016 2015 2014 | Sales | Operating income | Operating margin | Adjusted EBITDA | Adjusted EBITDA margin |"}
{"_id": "d8a3b487a", "title": "", "text": "| Year Ended February 28, 2011 | (In thousands except per share data) | Selling, general and administrative expenses | Interest expense | Earnings before income taxes | Income tax provision | Net earnings | Net Earnings Per Share: | Basic | Diluted |"}
{"_id": "d880387b6", "title": "", "text": "| In millions, except per share data 2009 2008 2007 | Share-based compensation expense | After tax | Net income per common share-diluted |"}
{"_id": "d8e22636a", "title": "", "text": "| For the Year Ended  December 31, | 2004 | (In millions) | Net earned premiums and other considerations: | Specialty Property | Consumer Protection | Total | Fees and other income | Total |"}
{"_id": "d8e404704", "title": "", "text": "| Consolidated Balance Sheet Data At July 31, | (In millions) | Cash, cash equivalents and investments | Long-term investments | Working capital | Total assets | Current portion of long-term debt | Long-term debt | Other long-term obligations | Total stockholders’ equity | (Dollars in millions) | Product revenue | Service and other revenue | Total segment revenue | % of total revenue | Segment operating income | % of related revenue | (Dollars in millions) | Product revenue | Service and other revenue | Total segment revenue | % of total revenue | Segment operating income | % of related revenue |"}
{"_id": "d8c3f3a28", "title": "", "text": "| December 31, 2008 December 31, 2007 | (in thousands) | May 1, 2006 term loan | July 31, 2008 term loan | Total |"}
{"_id": "d8ca47cf8", "title": "", "text": "| As of December | $ in millions | Investment Banking: | Financial Advisory | Underwriting | Institutional Client Services: | FICC Client Execution | Equities client execution | Securities services | Investing & Lending | Investment Management | Total |"}
{"_id": "d8663be1c", "title": "", "text": "Managements discussion and analysis 78 JPMorgan Chase & Co. /2018 Form 10-K Treasury and CIO overview Treasury and CIO is predominantly responsible for measuring, monitoring, reporting and managing the Firms liquidity, funding, capital, structural interest rate and foreign exchange risks.\nThe risks managed by Treasury and CIO arise from the activities undertaken by the Firms four major reportable business segments to serve their respective client bases, which generate both on- and offbalance sheet assets and liabilities.\nTreasury and CIO seek to achieve the Firms asset-liability management objectives generally by investing in highquality securities that are managed for the longer-term as part of the Firms investment securities portfolio.\nTreasury and CIO also use derivatives to meet the Firms assetliability management objectives.\nFor further information on derivatives, refer to Note 5.\nIn addition, Treasury and CIO manage the Firms cash position primarily through depositing at central banks and investing in short-term instruments.\nFor further information on liquidity and funding risk, refer to Liquidity Risk Management on pages 95100.\nFor information on interest rate, foreign exchange and other risks, refer to Market Risk Management on pages 124131.\nThe investment securities portfolio primarily consists of agency and nonagency mortgage-backed securities, U. S.  and non-U.\nS.  government securities, obligations of U. S.  states and municipalities, other ABS and corporate debt securities.\nAt December 31, 2018, the investment securities portfolio was $260.1 billion, and the average credit rating of the securities comprising the portfolio was AA+ (based upon external ratings where available and, where not available, based primarily upon internal ratings that correspond to ratings as defined by S&P and Moodys).\nRefer to Note 10 for further information on the Firms investment securities portfolio."}
{"_id": "d8d8853d8", "title": "", "text": "| For the Three Months Ended | (dollars in millions, except per share amounts) | Operating Data: | Net interest income | Noninterest income-1 | Total revenue | Provision for credit losses | Noninterest expense-2 (5) (8) | Income before income tax expense | Income tax expense | Net income-3 (6) (9) | Net income available to common stockholders-3 (6) (9) | Net income per average common share- basic-4 (7) (10) | Net income per average common share- diluted-4 (7) (10) | Other Operating Data: | Return on average common equity-11 (17) | Return on average tangible common equity-12 (17) | Return on average total assets-13 (17) | Return on average total tangible assets-14 (17) | Efficiency ratio-15 (17) | Net interest margin-16 (17) | Stock Activity: | Share Price: | High | Low | Share Data: | Cash dividends declared and paid per common share | Dividend payout ratio | Years ended December 31, | 2016 | Basic weighted-average shares outstanding | Effect of potential common stock: | Common stock awards | Senior subordinated convertible notes | Diluted weighted-average shares outstanding |"}
{"_id": "d88423ed4", "title": "", "text": "Results of operations and the estimated fair value of acquired assets and assumed liabilities are recorded in the consolidated financial statements from the date of acquisition.\nPro forma results of operations for the business combinations completed during fiscal 2016 have not been presented because the effects of these acquisitions, individually and in the aggregate, would not have been material to Cadence’s financial results.\nThe fair values of acquired intangible assets and assumed liabilities were determined using significant inputs that are not observable in the market.\nFor an additional description of these fair value calculations, see Note 16 in the notes to the consolidated financial statements.\nA trust for the benefit of the children of Lip-Bu Tan, Cadence’s President, Chief Executive Officer, or CEO, and director, owned less than 2% of Rocketick Technologies Ltd. , one of the acquired companies, and Mr.  Tan and his wife serve as co-trustees of the trust and disclaim pecuniary and economic interest in the trust.\nThe Board of Directors of Cadence reviewed the transaction and concluded that it was in the best interests of Cadence to proceed with the transaction.\nMr.  Tan recused himself from the Board of Directors’ discussion of the valuation of Rocketick Technologies Ltd.  and on whether to proceed with the transaction.\nA financial advisor provided a fairness opinion to Cadence in connection with the transaction.2014 Acquisitions During fiscal 2014, Cadence acquired Jasper Design Automation, Inc. , or Jasper, a privately held provider of formal analysis solutions based in Mountain View, California.\nThe acquired technology complements Cadence’s existing system design and verification platforms.\nTotal cash consideration for Jasper, after taking into account adjustments for certain costs, and cash held by Jasper at closing of $28.7 million, was $139.4 million.\nCadence will also make payments to certain employees through the third quarter of fiscal 2017 subject to continued employment and other conditions.\nCadence also completed two other business combinations during fiscal 2014 for total cash consideration of $27.5 million, after taking into account cash acquired of $2.1 million.\nAcquisition-related Transaction Costs Transaction costs associated with acquisitions were $1.1 million, $0.7 million and $3.7 million during fiscal 2016, 2015 and 2014, respectively.\nThese costs consist of professional fees and administrative costs and were expensed as incurred in Cadence’s consolidated income statements.\nNOTE 8.\nGOODWILL AND ACQUIRED INTANGIBLES Goodwill The changes in the carrying amount of goodwill during fiscal 2016 and 2015 were as follows:"}
{"_id": "d8d1fd4a2", "title": "", "text": "costs between cost of license revenue and cost of maintenance and service revenue based on license and maintenance and service revenue reported.\nCost of license revenue.\nCost of license revenue includes costs related to products sold and software licensed, allocated operating costs related to product support and distribution costs, royalties paid to third party vendors, and the amortization of capitalized research and development costs associated with software products which have reached technological feasibility.\nCost of maintenance and service revenue.\nCost of maintenance and service revenue includes operating costs related to maintaining the infrastructure necessary to operate our services and training organization, and costs associated with the delivery of our consulting services, such as, hotline and onsite support, production services and documentation of maintenance updates.\nAmortization of intangible assets.\nAmortization of intangible assets, which is recorded to cost of revenue and operating expenses, includes the amortization of certain contract rights and the amortization of core/developed technology, trademarks, trade names, customer relationships, and covenants not to compete related to acquisitions.\nCost of revenue increased by $60.9 million or 16% in fiscal 2013 compared to fiscal 2012 due to increases of $23.0 million in amortization of intangible assets and $17.7 million in personnel-related costs, primarily as a result of acquisitions in fiscal 2012, particularly in the fourth quarter of fiscal 2012, and $25.9 million in product costs primarily due to product sales.\nThe increase in cost of revenue was partially offset by an additional week of expenses of approximately $2.2 million in fiscal 2012 and a $1.3 million reduction in acquisition-related costs compared to fiscal 2012.\nCost of revenue increased by $52.2 million or 15% in fiscal 2012 compared to fiscal 2011.\nThe increase was primarily due to increases of $26.5 million in amortization of intangible assets, $19.0 million in personnel-related costs as a result of fiscal 2012 acquisitions and the impact of one extra week of costs of approximately $2.2 million in fiscal 2012."}
{"_id": "d8da5bee6", "title": "", "text": "| December 31, 2010 | Cost or | Amortized | Cost | (In millions) | Fixed Maturity Securities: | U.S. corporate securities | Foreign corporate securities | RMBS | Foreign government securities | U.S. Treasury, agency and government guaranteed securities -1 | CMBS | ABS | State and political subdivision securities | Other fixed maturity securities | Total fixed maturity securities -2, (3) | Equity Securities: | Common stock | Non-redeemable preferred stock -2 | Total equity securities -4 |"}
{"_id": "d8b0f8d10", "title": "", "text": "| 2007 2006 2005 | Net income: | UE(a) | CIPS | Genco | CILCORP | IP | Other(b) | Ameren net income | 2007 | Electric margin | Gas margin | Other revenues | Other operations and maintenance | Depreciation and amortization | Taxes other than income taxes | Other income and expenses | Interest expense | Income taxes (benefit) | Minority interest and preferred dividends | Net Income | 2006 | Electric margin | Gas margin | Other revenues | Other operations and maintenance | Depreciation and amortization | Taxes other than income taxes | Other income and expenses | Interest expense | Income taxes (benefit) | Minority interest and preferred dividends | Net Income | 2005 | Electric margin | Gas margin | Other revenue | Other operations and maintenance | Depreciation and amortization | Taxes other than income taxes | Other income and expenses | Interest expense | Income taxes (benefit) | Minority interest and preferred dividends | Cumulative effect of change in accounting principle | Net Income | Credit Facility | Ameren, UE and Genco: | Multiyear revolving(a)(b) | CIPS, CILCORP, CILCO, IP and AERG: | 2006 Multiyear revolving(c) | 2007 Multiyear revolving(d) | Coal | Fuel   Expense | Ameren(b) | UE | Genco | CILCORP | CILCO | EEI | Sources of Fair Value | IP: | Prices actively quoted | Prices provided by other external sources(a) | Prices based on models and other valuation methods(b) | Total |"}
{"_id": "d810a5322", "title": "", "text": "The Company believes that its unrecognized tax benefits could decrease by $10,273 within the next twelve months.\nThe Company has effectively settled all Federal income tax matters related to years prior to 2010.\nVarious other state and foreign income tax returns are open to examination for various years.\nBelgian Tax Matter The Company believes that its unrecognized tax benefits could decrease by $10,273 within the next twelve months.\nThe Company has effectively settled all Federal income tax matters related to years prior to 2010.\nVarious other state and foreign income tax returns are open to examination for various years.\nBelgian Tax Matter In January 2012, the Company received a ¬23,789 assessment from the Belgian tax authority related to its year ended December 31, 2008, asserting that the Company had understated its Belgian taxable income for that year.\nThe Company filed a formal protest in the first quarter of 2012 refuting the Belgian tax authority¡¯s position.\nThe Belgian tax authority set aside the assessment in the third quarter of 2012 and refunded all related deposits, including interest income of ¬1,583 earned on such deposits.\nHowever, on October 23, 2012, the Belgian tax authority notified the Company of its intent to increase the Company¡¯s taxable income for the year ended December 31, 2008 under a revised theory.\nOn December 28, 2012, the Belgian tax authority issued assessments for the years ended December 31, 2005 and December 31, 2009, in the amounts of ¬46,135 and ¬35,567, respectively, including penalties, but excluding interest.\nThe Company filed a formal protest during the first quarter of 2013 relating to the new assessments.\nIn September 2013, the Belgian tax authority denied the Company¡¯s protests, and the Company has brought these two years before the Court of First Appeal in Bruges.\nIn December 2013, the Belgian tax authority issued additional assessments related to the years ended December 31, 2006, 2007, and 2010, in the amounts of ¬38,817, ¬39,635, and ¬43,117, respectively, including penalties, but excluding interest.\nThe Company filed formal protests during the first quarter of 2014, refuting the Belgian tax authority¡¯s position for each of the years assessed.\nIn the quarter ended June 28, 2014, the Company received a formal assessment for the year ended December 31, 2008, totaling ¬30,131, against which the Company also submitted its formal protest.\nAll 4 additional years have been brought before the Court of First Appeal in November 2014.\nIn January of 2015, the Company met with the Court of First Appeal in Bruges, Belgium and agreed with the Belgium tax authorities to consolidate and argue the issues regarding the years 2005 and 2009, and apply the ruling to all of the open years (to the extent there are no additional facts/procedural arguments in the other years).\nOn January 27, 2016, the Court of First Appeal in Bruges, Belgium ruled in favor of the Company with respect to the calendar years ending December 31, 2005 and December 31, 2009.\nThe Company anticipates that the Belgian tax authority will appeal this ruling.\nThe Company disagrees with the views of the Belgian tax authority on this matter and will persist in its vigorous defense if there is an appeal.\nAlthough there can be no assurances, the Company believes the ultimate outcome of these actions will not have a material adverse effect on its financial condition but could have a material adverse effect on its results of operations, liquidity or cash flows in a given quarter or year."}
{"_id": "d8db64888", "title": "", "text": "| In millions Interest OnlyProduct Principal andInterest Product | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 and thereafter | Total (a)(b) | December 31, | (in millions) | Loans retained | Loans held-for-sale | Loans at fair value(a) | Loans – reported | Derivative receivables | Receivables from customers and other(b) | Total wholesale credit-related assets | Lending-related commitments | Total wholesale credit exposure | Credit Portfolio Management derivatives notional, net(c) | Liquid securities and other cash collateral held against derivatives | JPMorgan Chase & Co. | December 31, 2013 | Moody’s Investor Services | Standard & Poor’s | Fitch Ratings |"}
{"_id": "d89cd4bd6", "title": "", "text": "| Fiscal year ended December 29, 2007 Fiscal year ended December 30, 2006 Year over Year | Net Sales | Outdoor/Fitness | Marine | Automotive/Mobile | Aviation | Total |"}
{"_id": "d86dbb322", "title": "", "text": "| Con Edison CECONY | Units | Non-vested at 12/31/13 | Granted | Vested | Forfeited | Non-vested at 12/31/14 |"}
{"_id": "d8cd34a38", "title": "", "text": "| For the Years Ended December 31, | 2013 | (Dollars in thousands) | Production costs | Employee-related costs | Operating supplies and services | Maintenance materials and supplies | Other | Total |"}
{"_id": "d8b5b93e0", "title": "", "text": "| Twelve Months Ended December 31, 2011 Twelve Months Ended December 31, 2010 | (millions of dollars) | Operating revenues | Purchased power | Gas purchased for resale | Net revenues | Operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Operating income |"}
{"_id": "d87144de0", "title": "", "text": "| December 31, 2008 December 31, 2007 | (Dollars in millions) | Interest rate contracts | Swaps | Futures and forwards | Written options | Purchased options | Foreign exchange contracts | Swaps | Spot, futures and forwards | Written options | Purchased options | Equity contracts | Swaps | Futures and forwards | Written options | Purchased options | Commodity contracts | Swaps | Futures and forwards | Written options | Purchased options | Credit derivatives | Purchased protection: | Credit default swaps | Total return swaps | Written protection: | Credit default swaps | Total return swaps | Credit risk before cash collateral | Less: Cash collateral applied | Total derivative assets |"}
{"_id": "d89985dae", "title": "", "text": "| Years Ended December 31, | 2014 | (in millions) | Investment income on fixed maturities | Net realized gains | Affordable housing partnerships | Other | Consolidated investment entities | Total net investment income | December 31, 2014 | Description of Securities | (in millions) | Corporate debt securities | Residential mortgage backed securities | Commercial mortgage backed securities | Asset backed securities | State and municipal obligations | U.S. government and agencies obligations | Foreign government bonds and obligations | Common stocks | Total | December 31, 2013 | Description of Securities | (in millions) | Corporate debt securities | Residential mortgage backed securities | Commercial mortgage backed securities | Asset backed securities | State and municipal obligations | U.S. government and agencies obligations | Foreign government bonds and obligations | Common stocks | Total |"}
{"_id": "d87dc6960", "title": "", "text": "| December 31, | 2010 | Estimated | Amortized | Cost | (In millions) | Due in one year or less | Due after one year through five years | Due after five years through ten years | Due after ten years | Subtotal | RMBS, CMBS and ABS | Total fixed maturity securities |"}
{"_id": "d880bf018", "title": "", "text": "| Contractual Obligations 2015 2016 2017 2018 2019 Thereafter Total | Long-term obligations, excluding capital leases | Cash interest expense | Capital lease payments (including interest) | Total debt service obligations | Operating lease payments-11 | Other non-current liabilities-12-13 | Total |"}
{"_id": "d89e647da", "title": "", "text": "Segment Income (Loss) Before Income Tax by Business Segment\nThe amount of our total revenues, segment income before and after income tax and total assets by segment and the amount of our revenues and long-lived assets by geographic region is set forth in Note 21 to our consolidated financial statements.\nOn June 21, 2005, we announced our intention to separate Assurant Solutions into two segments: Assurant Solutions and Assurant Specialty Property.\nWe will begin reporting separate segment financial information sometime in 2006 upon completion of the separation of the underlying product lines.\nThe majority of Assurant Solutions’ existing Specialty Property division will become the Assurant Specialty Property segment.\nThe majority of Assurant Solutions’ existing Consumer Protection division combined with the existing Assurant PreNeed segment will become the new Assurant Solutions segment.\nSince these segment changes will not be made until some time in 2006, all discussions in this Form 10-K refer to the existing Assurant Solutions segment and its two divisions, Specialty Property and Consumer Protection.\nOn November 9, 2005, we signed an agreement with Forethought Life Insurance Company (“Forethought”) whereby we will discontinue writing new preneed insurance policies in the United States via independent funeral homes and non-SCI corporate funeral home chains for a period of 10 years.\nThis agreement does not impact Assurant PreNeed’s Independent—Canada or AMLIC’s relationship with SCI.\nIn addition, concurrent with the creation of the new Assurant Solutions and Assurant Specialty Property segments, we will realign the Assurant PreNeed segment under the new Assurant Solutions segment.\nAssurant Solutions Assurant Solutions, which includes American Security Group operations acquired in 1980 and American Bankers Insurance Group acquired in 1999, has leadership positions or is aligned with clients who are leaders in creditor placed homeowners insurance, manufactured housing homeowners, credit related insurance products, debt protection administration and warranty and extended service contracts.\nWe develop, underwrite and market our specialty insurance products and services through collaborative relationships with our clients.\nAssurant Solutions is organized into two divisions: Specialty Property and Consumer Protection.\nThe Specialty Property division focuses on creditor placed homeowners and manufactured housing homeowners insurance products and related services, as well as other insurance related products such as renters’ insurance, watercraft and motorcycle property coverages.\nIn our Consumer Protection division, we are a low-cost provider of credit and debt protection administration services.\nIn addition, we offer a variety of warranties and extended service contracts on consumer electronics, cellular phones, personal computers, appliances and vehicles through clients domestically and internationally.\nAssurant Solutions maintains a comprehensive client and transaction database, which we believe gives us a competitive advantage with respect to pricing, marketing and projected claims development.\nAdditionally, our high level of integration with clients allows us to have current and accurate data on the performance of their underwriting, claims, fees earned and commissions.\nWe leverage the data advantage with clients to determine their optimal pricing and marketing strategy.\nOur principal business lines within our Assurant Solutions segment have experienced growth in varying degrees.\nWe have benefited from growth in the creditor placed homeowners insurance market and from the acquisition of new clients.\nWe also experienced growth in our warranty and extended service contract and"}
{"_id": "d86d78b12", "title": "", "text": "Credit Ratings Citigroups funding and liquidity, funding capacity, ability to access capital markets and other sources of funds, the cost of these funds and its ability to maintain certain deposits are partially dependent on its credit ratings.\nThe table below shows the ratings for Citigroup and Citibank as of December 31, 2018.\nWhile not included in the table below, the long- and short-term ratings of Citigroup Global Markets Holding Inc.  (CGMHI) were BBB+/A-2 at Standard & Poors and A/F1 at Fitch as of December 31, 2018."}
{"_id": "d891f856e", "title": "", "text": "| December 31, 2015 | Lowest Rating Agency Rating | AAA | (in millions) | Collateralized by sub-prime mortgages | Collateralized loan obligations | Collateralized by education loans-1 | Collateralized by credit cards | Collateralized by auto loans | Other asset-backed securities-2 | Total asset-backed securities-3 |"}
{"_id": "d891ea838", "title": "", "text": "| 2009 2008 2007 | Expected volatility | Risk-free interest rate | Dividend yield | Expected life (years) |"}
{"_id": "d8e5fd75e", "title": "", "text": "| Twelve Months EndedDecember 31, | 2016-1 | (In millions, except per share data) | Summary of Operations: | Operating revenue | Operating expenses | Operating income | Consolidated income from continuing operations | Discontinued operations, net of tax-2(7) | Net income attributable to Equifax | Dividends paid to Equifax shareholders | Diluted earnings per share | Net income from continuing operations attributable to Equifax | Discontinued operations attributable to Equifax | Net income attributable to Equifax | Cash dividends declared per share | Weighted-average shares outstanding (diluted) |"}
{"_id": "d862a7ddc", "title": "", "text": "| In billions of dollars December 31, 2008 December 31, 2007 | Cash | Available-for-sale securities | Loans | Allowance for loan losses | Total assets | Long-term debt | Other liabilities | Total liabilities |"}
{"_id": "d8153734a", "title": "", "text": "| CONSOLIDATED STATEMENTS OF OPERATIONS Twelve Months Ended December 31, 2015 Twelve Months Ended December 31, 2014 | AND COMPREHENSIVE INCOME (LOSS): | As previously reported | (Dollars in thousands) | REVENUES: | Premiums earned | Net investment income | Other income (expense) | Total revenues | CLAIMS AND EXPENSES: | Incurred losses and loss adjustment expenses | Commission, brokerage, taxes and fees | Other underwriting expenses | Total claims and expenses | INCOME (LOSS) BEFORE TAXES | NET INCOME (LOSS) | Net income (loss) attributable to noncontrolling interests | NET INCOME (LOSS) ATTRIBUTABLE TO EVEREST RE GROUP | CONSOLIDATED STATEMENT OF CASH FLOWS: | (Dollars in thousands) | CASH FLOWS FROM OPERATING ACTIVITIES: | Net income (loss) | Decrease (increase) in premiums receivable | Decrease (increase) in funds held by reinsureds, net | Decrease (increase) in reinsurance receivables | Decrease (increase) in prepaid reinsurance premiums | Increase (decrease) in other net payable to reinsurers | Change in other assets and liabilities, net | Net cash provided by (used in) operating activities | CASH FLOWS FROM INVESTING ACTIVITIES: | Net change in short-term investments | Net cash provided by (used in) investing activities | CASH FLOWS FROM FINANCING ACTIVITIES: | Third party investment in redeemable noncontrolling interest | Subscription advances for third party redeemable noncontrolling interest | Dividends paid on third party investment in redeemable noncontrolling interest | Net cash provided by (used in) financing activities | EFFECT OF EXCHANGE RATE CHANGES ON CASH |"}
{"_id": "d88ea248c", "title": "", "text": "Foreign Currency Exchange Rate Risk We transact business in many different foreign currencies and may be exposed to financial market risk resulting from fluctuations in foreign currency exchange rates, particularly EUR, GBP, and AUD.\nThe volatility of EUR, GBP, and AUD (and all other applicable currencies) will be monitored frequently throughout the coming year.\nWhen appropriate, we enter into hedging transactions in order to mitigate our risk from foreign currency fluctuations.\nWe will continue to use hedging programs in the future and may use currency forward contracts, currency options, and/or other derivative financial instruments commonly utilized to reduce financial market risks if it is determined that such hedging activities are appropriate to reduce risk.\nWe do not hold or purchase any foreign currency contracts for trading purposes.\nAs of March 31, 2006, we had no outstanding hedging contracts."}
{"_id": "d8dd6aaa6", "title": "", "text": "| 2018 2017 2016 | Risk free rate | Dividend yield | Volatility | Requisite service period |"}
{"_id": "d87019a06", "title": "", "text": "| Before Application of SFAS No. 158 SFAS No. 158 Adjustments After Application of SFAS No. 158 | (dollars in millions) | Other assets | Other liabilities and accrued expenses | Net deferred tax assets | Accumulated other comprehensive income (loss) | Total shareholders’ equity |"}
{"_id": "d8c2afa90", "title": "", "text": "| (Dollars in millions) Fiscal2011 Fiscal2010 Fiscal2009 2011-2010% Change 2010-2009% Change | Product revenue | Service and other revenue | Total segment revenue | % of total revenue | Segment operating income | % of related revenue |"}
{"_id": "d8f176ea0", "title": "", "text": "?\nLevel 1Quoted prices for identical instruments in active markets.  ?\nLevel 2Quoted prices for similar instruments in active markets; quoted prices for identical or similar instruments in markets that are not active; and model derived valuations in which all significant inputs and significant value drivers are observable in active markets.  ?\nLevel 3Valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.\nThis hierarchy requires the Company to use observable market data, when available, and to minimize the use of unobservable inputs when determining fair value.\nFor some products or in certain market conditions, observable inputs may not always be available.\nFor example, during the market dislocations that started in the second half of 2007, certain markets became illiquid, and some key observable inputs used in valuing certain exposures were unavailable.\nWhen and if these markets become liquid, the valuation of these exposures will use the related observable inputs available at that time from these markets.\nUnder SFAS 157, Citigroup is required to take into account its own credit risk when measuring the fair value of derivative positions as well as the other liabilities for which fair value accounting has been elected under SFAS 155, Accounting for Certain Hybrid Financial Instruments and SFAS 159, The Fair Value Option for Financial Assets and Financial Liabilities.\nThe adoption of SFAS 157 has also resulted in some other changes to the valuation techniques used by Citigroup when determining fair value, most notably the changes to the way that the probability of default of a counterparty is factored in and the elimination of a derivative valuation adjustment which is no longer necessary under SFAS 157.\nThe cumulative effect at January 1, 2007 of making these changes was a gain of $250 million after-tax ($402 million pretax), or $0.05 per diluted share, which was recorded in the first quarter of 2007 earnings within the S&B business.\nSFAS 157 also precludes the use of block discounts for instruments traded in an active market, which were previously applied to large holdings of publicly traded equity securities, and requires the recognition of trade-date gains after consideration of all appropriate valuation adjustments related to certain derivative trades that use unobservable inputs in determining their fair value.\nPrevious accounting guidance allowed the use of block discounts in certain circumstances and prohibited the recognition of day-one gains on certain derivative trades when determining the fair value of instruments not traded in an active market.\nThe cumulative effect of these changes resulted in an increase to January 1, 2007 retained earnings of $75 million.\nFair Value Option (SFAS 159) In conjunction with the adoption of SFAS 157, the Company early-adopted SFAS 159, The Fair Value Option for Financial Assets and Financial Liabilities (SFAS 159), as of January 1, 2007.\nSFAS 159 provides an option on an instrument-by-instrument basis for most financial assets and liabilities to be reported at fair value with changes in fair value reported in earnings.\nAfter the initial adoption, the election is made at the acquisition of a financial asset, a financial liability, or a firm commitment and it may not be revoked.\nSFAS 159 provides an opportunity to mitigate volatility in reported earnings that resulted prior to its adoption from being required to apply fair value accounting to certain economic hedges (e. g. , derivatives) while having to measure the assets and liabilities being economically hedged using an accounting method other than fair value.\nUnder the SFAS 159 transition provisions, the Company elected to apply fair value accounting to certain financial instruments held at January 1, 2007 with future changes in value reported in earnings.\nThe adoption of SFAS 159 resulted in a decrease to January 1, 2007 retained earnings of $99 million.\nLeveraged Leases On January 1, 2007, the Company adopted FSP FAS 13-2, Accounting for a Change or Projected Change in the Timing of Cash Flows Relating to Income Taxes Generated by a Leverage Lease Transaction (FSP 13-2), which provides guidance regarding changes or projected changes in the timing of cash flows relating to income taxes generated by a leveraged lease transaction.\nLeveraged leases can provide significant tax benefits to the lessor, primarily as a result of the timing of tax payments.\nSince changes in the timing and/or amount of these tax benefits may have a significant effect on the cash flows of a lease transaction, a lessor, in accordance with FSP 13-2, will be required to perform a recalculation of a leveraged lease when there is a change or projected change in the timing of the realization of tax benefits generated by that lease.\nPreviously, Citigroup did not recalculate the tax benefits if only the timing of cash flows had changed.\nThe adoption of FSP 13-2 resulted in a decrease to January 1, 2007 retained earnings of $148 million.\nThis decrease to retained earnings will be recognized in earnings over the remaining lives of the leases as tax benefits are realized.\nAccounting for Defined Benefit Pensions and Other Postretirement Benefits As of December 31, 2006, the Company adopted SFAS No.158, Employers Accounting for Defined Benefit Pensions and Other Postretirement Benefits (SFAS 158).\nIn accordance with this standard, Citigroup recorded the funded status of each of its defined benefit pension and postretirement plans as an asset or liability on its Consolidated Balance Sheet with a corresponding offset, net of taxes, recorded in Accumulated other comprehensive income (loss) within Stockholders equity, resulting in an after-tax decrease in equity of $1.647 billion.\nSee Note 9 on page 144."}
{"_id": "d86a21c20", "title": "", "text": "| Notional amount of protectionpurchased and sold(a) | December 31, (in millions) | Credit derivatives used to manage: | Loans and lending-related commitments | Derivative receivables | Total net protection purchased | Total net protection sold | Credit portfolio management derivatives notional, net |"}
{"_id": "d8aa3aee2", "title": "", "text": "| Amount (In Millions) | 2014 net revenue | Nuclear realized price changes | Vermont Yankee shutdown in December 2014 | Nuclear volume, excluding Vermont Yankee effect | Other | 2015 net revenue |"}
{"_id": "d8c3f39ba", "title": "", "text": "| Year Ended December 31, Change | (in thousands, except percentages) | Revenue: | Lease licenses | Perpetual licenses | Software licenses | Maintenance | Service | Maintenance and service | Total revenue |"}
{"_id": "d8e3a8e54", "title": "", "text": "Higher 2017 sales volumes, incremental year-over-year cost savings associated with restructuring and productivity improvement initiatives, costs associated with various growth investments made in 2016 and changes in currency exchange rates, partially offset by incremental year-over-year costs associated with various product development and sales and marketing growth investments: 60 basis points Year-over-year operating profit margin comparisons were unfavorably impacted by: ?\nThe incremental year-over-year net dilutive effect of acquired businesses: 20 basis points 2016 COMPARED TO 2015 Year-over-year price increases in the segment contributed 0.3% to sales growth during 2016 as compared to 2015 and are reflected as a component of the change in sales from existing businesses.\nSales from existing businesses in the segments Transportation Technologies businesses grew at a high-single digit rate during 2016 as compared to 2015, due primarily to strong demand for dispenser, payment and point-of-sale systems, environmental compliance products as well as vehicle and fleet management products, partly offset by weaker year-over-year demand for compressed natural gas products.\nAs expected, beginning in the second half of 2016, the business began to experience reduced EMV-related demand for indoor point-of-sale solutions, as customers had largely upgraded to products that support indoor EMV requirements in the prior year in response to the indoor liability shift.\nHowever, demand increased on a year-over-year basis for dispensers and payment systems as customers in the United States continued to upgrade equipment driven primarily by the EMV deadlines related to outdoor payment systems.\nGeographically, sales from existing businesses continued to increase on a year-over-year basis in the United States and to a lesser extent in Asia and Western Europe.\nSales from existing businesses in the segments Automation & Specialty Components business declined at a low-single digit rate during 2016 as compared to 2015.\nThe businesses experienced sequential year-over-year improvement in demand during the second half of 2016 as compared to the first half of 2016.\nDuring 2016, year-over-year demand declined for engine retarder products due primarily to weakness in the North American heavy-truck market, partly offset by strong growth in China and Europe.\nIn addition, year-over-year demand declined in certain medical and defense related end markets which were partly offset by increased year-over-year demand for industrial automation products particularly in China.\nGeographically, sales from existing businesses in the segments Automation & Specialty Components businesses declined in North America, partly offset by growth in Western Europe and China.\nSales from existing businesses in the segments Franchise Distribution business grew at a mid-single digit rate during 2016, as compared to 2015, due primarily to continued net increases in franchisees as well as continued growth in demand for professional tool products and tool storage products, primarily in the United States.\nThis growth was partly offset by yearover-year declines in wheel service equipment sales during 2016.\nOperating profit margins increased 70 basis points during 2016 as compared to 2015.\nThe following factors favorably impacted year-over-year operating profit margin comparisons: ?\nHigher 2016 sales volumes, pricing improvements, incremental year-over-year cost savings associated with restructuring and productivity improvement initiatives and the incrementally favorable impact of the impairment of certain tradenames used in the segment in 2015 and 2016, net of costs associated with various growth investments, product development and sales and marketing growth investments, higher year-over-year costs associated with restructuring actions and changes in currency exchange rates: 65 basis points ?\nThe incremental net accretive effect in 2016 of acquired businesses: 5 basis points COST OF SALES AND GROSS PROFIT"}
{"_id": "d8c28a894", "title": "", "text": "Reinsurance of GMDB and GMIB guarantees Our net income is directly impacted by changes in the reserves calculated in connection with the reinsurance of variable annuity guarantees, primarily GMDB and GMIB.\nThese reserves are calculated in accordance with SOP 03-1 (SOP reserves) and changes in these reserves are reflected as life and annuity benefit expense, which is included in life underwriting income.\nIn addition, our net income is directly impacted by the change in the fair value of the GMIB liability (FVL), which is classified as a derivative according to FAS 133.\nThe fair value liability established for a GMIB reinsurance contract represents the difference between the fair value of the contract and the SOP 03-1 reserves.\nChanges in the fair value of the GMIB liability, net of associated changes in the calculated SOP 03-1 reserve, are reflected as realized gains or losses.\nACE views our variable annuity reinsurance business as having a similar risk profile to that of catastrophe reinsurance, with the probability of long-term economic loss relatively small at the time of pricing.\nAdverse changes in market factors and policyholder behavior will have an impact on both life underwriting income and net income.\nWhen evaluating these risks, we expect to be compensated for taking both the risk of a cumulative long-term economic net loss, as well as the short-term accounting variations caused by these market movements.\nTherefore, we evaluate this business in terms of its long-term economic risk and reward.\nThe ultimate risk to the variable annuity guaranty reinsurance business is a long-term underperformance of investment returns, which can be exacerbated by a long-term reduction in interest rates.\nFollowing a market downturn, continued market underperformance over a period of five to seven years would eventually result in a higher level of paid claims as policyholders accessed their guarantees through death or annuitization.\nHowever, if market conditions improved following a downturn, SOP 03-1 reserves and fair value liability would fall reflecting a decreased likelihood of future claims, which would result in an increase in both life underwriting income and net income.\nAs of December 31, 2008, management established the SOP 03-1 reserve based on the benefit ratio calculated using actual market values at December 31, 2008.\nManagement exercises judgment in determining the extent to which short-term market movements impact the SOP 03-1 reserve.\nThe SOP 03-1 reserve is based on the calculation of a long-term benefit ratio (or loss ratio) for the variable annuity guarantee reinsurance.\nDespite the long-term nature of the risk the benefit ratio calculation is impacted by short-term market movements that may be judged by management to be temporary or transient.\nManagement will, in keeping with the language in SOP 03-1, regularly examine both quantitative and qualitative analysis and management will determine if, in its judgment, the change in the calculated benefit ratio is of sufficient magnitude and has persisted for a sufficient duration to warrant a change in the benefit ratio used to establish the SOP 03-1 reserve.\nThis has no impact on either premium received or claims paid nor does it impact the long-term profit or loss of the variable annuity guarantee reinsurance.\nThe SOP 03-1 reserve and fair value liability calculations are directly affected by market factors, including equity levels, interest rate levels, credit risk and implied volatilities, as well as policyholder behaviors, such as annuitization and lapse rates.\nThe table below shows the sensitivity, as of December 31, 2008, of the SOP 03-1 reserves and fair value liability associated with the variable annuity guarantee reinsurance portfolio.\nIn addition, the tables below show the sensitivity of the fair value of specific derivative instruments held (hedge value), which includes instruments purchased in January 2009, to partially offset the risk in the variable annuity guarantee reinsurance portfolio.\nAlthough these derivatives do not receive hedge accounting treatment, some portion of the change in value may be used to offset changes in the SOP 03-1 reserve."}
{"_id": "d8757da42", "title": "", "text": "Fortron Industries LLC.\nFortron is a leading global producer of PPS, sold under the Fortron?\nbrand, which is used in a wide variety of automotive and other applications, especially those requiring heat and/or chemical resistance.\nFortron's facility is located in Wilmington, North Carolina.\nThis venture combines the sales, marketing, distribution, compounding and manufacturing expertise of Celanese with the PPS polymer technology expertise of Kureha America Inc.  Cellulose derivatives strategic ventures.\nOur cellulose derivatives ventures generally fund their operations using operating cash flow and pay dividends based on each ventures' performance in the preceding year.\nIn 2014, 2013 and 2012, we received cash dividends of $115 million, $92 million and $83 million, respectively.\nAlthough our ownership interest in each of our cellulose derivatives ventures exceeds 20%, we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities, limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the United States of America (\"US GAAP\").  ?\nOther Equity Method Investments InfraServs.\nWe hold indirect ownership interests in several German InfraServ Groups that own and develop industrial parks and provide on-site general and administrative support to tenants."}
{"_id": "d8bee0c7a", "title": "", "text": "| Common Stock Additional Paid-In Capital Accumulated other Comprehensive Loss Total Stockholders' Equity | (In thousands) | Balance, June 28, 2008 | Components of comprehensive income: | Net income | Unrealized actuarial loss on post-retirement benefits, net of tax | Tax effect of the unrealized exchange loss on long-term intercompany receivable | Unrealized gain on available-for-sale investments, net of tax | Total comprehensive income | Repurchase of common stock | Common stock issued under stock plans, net of shares withheld for employee taxes | Stock based compensation | Tax shortfall on settlement of equity instruments | Modification of equity instruments to liability | Modification of liability instruments to equity | Dividends paid | Balance, June 27, 2009 | Components of comprehensive income: | Net income | Unrealized actuarial loss on post-retirement benefits, net of tax | Tax effect of the unrealized exchange gain on long-term intercompany receivable | Unrealized loss on available-for-sale investments, net of tax | Unrealized loss on forward-exchange contracts, net of tax | Total comprehensive income | Repurchase of common stock | Common stock issued under stock plans, net of shares withheld for employee taxes | Stock based compensation | Tax shortfall on settlement of equity instruments | Derivative settlement, net of tax | Modification of equity instruments to liability | Common stock issued under Employee Stock Purchase Plan | Dividends paid | Balance, June 26, 2010 | Components of comprehensive income: | Net income | Unrealized actuarial loss on post-retirement benefits, net of tax | Tax effect of the unrealized exchange gain on long-term intercompany receivable | Unrealized loss on available-for-sale investments, net of tax | Total comprehensive income | Repurchase of common stock | Common stock issued under stock plans, net of shares withheld for employee taxes | Stock Options Exercised | Stock based compensation | Tax benefit on settlement of equity instruments | Modification of liability instruments to equity | Common stock issued under Employee Stock Purchase Plan | Dividends paid | Balance, June 25, 2011 |"}
{"_id": "d86760bd0", "title": "", "text": "ADOBE SYSTEMS INCORPORATED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 81 Foreign Currency Translation We translate assets and liabilities of foreign subsidiaries, whose functional currency is their local currency, at exchange rates in effect at the balance sheet date.\nWe translate revenue and expenses at the monthly average exchange rates.\nWe include accumulated net translation adjustments in stockholders equity as a component of accumulated other comprehensive income.\nProperty and Equipment We record property and equipment at cost less accumulated depreciation and amortization.\nProperty and equipment are depreciated using the straight-line method over their estimated useful lives ranging from 1 to 5 years for computers and equipment, 1 to 6 years for furniture and fixtures and up to 35 years for buildings.\nLeasehold improvements are amortized using the straight-line method over the lesser of the remaining respective lease term or useful lives.\nGoodwill, Purchased Intangibles and Other Long-Lived Assets We review our goodwill for impairment annually, or more frequently, if facts and circumstances warrant a review.\nWe completed our annual impairment test in the second quarter of fiscal 2009 and determined that there was no impairment.\nGoodwill is assigned to one or more reporting segments on the date of acquisition.\nWe evaluate goodwill for impairment by comparing the fair value of each of our reporting segments to its carrying value, including the associated goodwill.\nTo determine the fair values, we use the market approach based on comparable publicly traded companies in similar lines of businesses and the income approach based on estimated discounted future cash flows.\nOur cash flow assumptions consider historical and forecasted revenue, operating costs and other relevant factors.\nWe amortize intangible assets with finite lives over their estimated useful lives and review them for impairment whenever an impairment indicator exists.\nWe continually monitor events and changes in circumstances that could indicate carrying amounts of our long-lived assets, including our intangible assets may not be recoverable.\nWhen such events or changes in circumstances occur, we assess recoverability by determining whether the carrying value of such assets will be recovered through the undiscounted expected future cash flows.\nIf the future undiscounted cash flows are less than the carrying amount of these assets, we recognize an impairment loss based on the excess of the carrying amount over the fair value of the assets.\nWe did not recognize any intangible asset impairment charges in fiscal 2009, 2008 or 2007.\nOur intangible assets are amortized over their estimated useful lives of 1 to 13 years as shown in the table below.\nAmortization is based on the pattern in which the economic benefits of the intangible asset will be consumed."}
{"_id": "d8b5fc0fa", "title": "", "text": "| Year Ended December 31, Change | (in thousands, except percentages) | Revenue: | Lease licenses | Perpetual licenses | Software licenses | Maintenance | Service | Maintenance and service | Total revenue |"}
{"_id": "d888775f8", "title": "", "text": "| At December 31, 2014 | Fair Values-1 | Receivable | (dollars in millions) | Banks and securities firms | Insurance and other financial institutions | Non-financial entities | Total | At December 31, 2013 | Fair Values-1 | Receivable | (dollars in millions) | Banks and securities firms | Insurance and other financial institutions | Non-financial entities | Total |"}
{"_id": "d8c66ff9a", "title": "", "text": "| in millions 2010 2009 2008 | Net earnings (loss) | Depreciation, depletion, accretionand amortization | Goodwill impairment | Other operating cash flows, net | Net cash provided by operating activities |"}
{"_id": "d82200c8e", "title": "", "text": "| 2019 2020 2021 2022 2023 | (millions) | Evergy(a) | Westar Energy(a) | KCP&L | VIEs |"}
{"_id": "d86b7c0fc", "title": "", "text": "| (in millions) December 31, 2016 Net inflows (outflows) Acquisition-1 Market change FX impact-2 December 31, 2017 Full yearaverage AUM-3 | Active: | Equity | Fixed income | Multi-asset | Alternatives | Active subtotal | Index andiSharesETFs: | iSharesETFs: | Equity | Fixed income | Multi-asset | Alternatives | iSharesETFs subtotal | Non-ETF Index | Equity | Fixed income | Multi-asset | Alternatives | Non-ETF Index subtotal | Index &iSharesETFs subtotal | Long-term | Cash management | Advisory-4 | Total | (in millions) | Equity | Fixed income | Multi-asset | Alternatives: | Core | Currency and commodities-5 | Alternatives subtotal | Long-term | Cash management | Advisory-4 | Total |"}
{"_id": "d8e98cc62", "title": "", "text": "Significant Variable Interests in Unconsolidated Variable Interest Entities for which the Company is not the Sponsor In addition, in the normal course of its activities, the Company will invest in structured investments including VIEs for which it is not the sponsor.\nThese structured investments typically invest in fixed income investments and are managed by third parties and include assetbacked securities, commercial mortgage-backed securities and residential mortgage-backed securities.\nThe Companys maximum exposure to loss on these structured investments, both VIEs and non-VIEs, is limited to the amount of its investment.\nThe Company has not provided material financial or other support that was not contractually required to these structures.\nThe Company has determined that it is not the primary beneficiary of these structures due to its relative size and position in the capital structure of these entities.\nIncluded among these structured investments are asset-backed securities issued by VIEs that manage investments in the European market.\nIn addition to a stated coupon, each investment provides a return based on the VIEs portfolio of assets and related investment activity.\nThe market value of these VIEs was approximately $7.5 billion as of December 31, 2009 and these VIEs were financed primarily through the issuance of notes similar to those purchased by the Company.\nThe Company generally accounts for these investments as available for sale fixed maturities containing embedded derivatives that are bifurcated and marked-to-market through Realized investment gains (losses), net, based upon the change in value of the underlying portfolio.\nThe Companys variable interest in each of these VIEs represents less than 50% of the only class of variable interests issued by the VIE.\nThe Companys maximum exposure to loss from these interests was $723 million and $1,095 million at December 31, 2009 and 2008, respectively, which includes the fair value of the embedded derivatives"}
{"_id": "d8dcf0d32", "title": "", "text": "2008 Outlook ?\nSafety – Operating a safe railroad benefits our employees, our customers, our shareholders, and the public.\nWe will continue using a multi-faceted approach to safety, utilizing technology, risk assessment, quality control, and training for, and engaging with our employees.\nWe plan to implement Total Safety Culture (TSC) throughout our operations.\nTSC, an employee-focused initiative that has helped improve safety, is a process designed to establish, maintain, and promote safety among co-workers.\nWith respect to public safety, we will continue our efforts to maintain, upgrade, and close crossings, install video cameras on locomotives, and educate the public about crossing safety through various internal and industry programs, along with other activities.  ?"}
{"_id": "d86a58a0e", "title": "", "text": "Note 3.  Business Combinations Purchase Combinations.\nDuring the fiscal years presented, the Company made a number of purchase acquisitions.\nFor each acquisition, the excess of the purchase price over the estimated value of the net tangible assets acquired was allocated to various intangible assets, consisting primarily of developed technology, customer and contract-related assets and goodwill.\nThe values assigned to developed technologies related to each acquisition were based upon future discounted cash flows related to the existing products’ projected income streams.\nGoodwill, representing the excess of the purchase consideration over the fair value of tangible and identifiable intangible assets acquired in the acquisitions, will not to be amortized.\nGoodwill is not deductible for tax purposes.\nThe amounts allocated to purchased in-process research and developments were determined through established valuation techniques in the high-technology industry and were expensed upon acquisition because technological feasibility had not been established and no future alternative uses existed.\nThe consolidated financial statements include the operating results of each business from the date of acquisition.\nThe Company does not consider these acquisitions to be material to its results of operations and is therefore not presenting pro forma statements of operations for the fiscal years ended October 31, 2006, 2005 and 2004.\nFiscal 2006 Acquisitions SIGMA-C Software AG (Sigma-C) The Company acquired Sigma-C on August 16, 2006 in an all-cash transaction.\nReasons for the Acquisition.\nSigma-C provides simulation software that allows semiconductor manufacturers and their suppliers to develop and optimize process sequences for optical lithography, e-beam lithography and next-generation lithography technologies.\nThe Company believes the acquisition will enable a tighter integration between design and manufacturing tools, allowing the Company’s customers to perform more accurate design layout analysis with 3D lithography simulation and better understand issues that affect IC wafer yields.\nPurchase Price.\nThe Company paid $20.5 million in cash for the outstanding shares and shareholder notes of which $2.05 million was deposited with an escrow agent and will be paid per the escrow agreement.\nThe Company believes that the escrow amount will be paid.\nThe total purchase consideration consisted of:"}
{"_id": "d8beb8946", "title": "", "text": "| 2011 2012 2013 2014 2015 Thereafter No Single Maturity Total | Fixed interest-bearing securities: | Cash and cash equivalents | Interest rate | Time deposits | Interest rate | Available-for-sale securities: | Investment grade | Interest rate | Non-investment grade | Interest rate | Floating interest-bearing securities: | Cash and cash equivalents | Interest rate | Available-for-sale securities: | Investment grade | Interest rate | Non-investment grade | Interest rate | Loan payable to banks | Fixed interest rate |"}
{"_id": "d88c9d2ae", "title": "", "text": "| Years ended November 30, | Unobservable inputs | Average selling price | Absorption rate per quarter (homes) | Discount rate |"}
{"_id": "d8aaf867c", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements Prudential Financial made a Section 338(g) election under the Internal Revenue Code with respect to this acquisition, resulting in the acquired entity being treated for U. S.  tax purposes as a newly-incorporated company.\nUnder such election, the U. S.  tax basis of the assets acquired and liabilities assumed of UniAsia Life Assurance Berhad was adjusted as of January 2, 2014, to reflect the consequences of the Section 338(g) election.\nAcquisition of The Hartfords Individual Life Insurance Business In January 2013, the Company acquired the Hartford Life Business through a reinsurance transaction.\nUnder the agreement, the Company paid cash consideration of $615 million, primarily in the form of a ceding commission to provide reinsurance for approximately 700,000 life insurance policies with net retained face amount in force of approximately $141 billion.\nThe acquisition increased the Companys scale in the U. S.  individual life insurance market, particularly universal life products, and provides complementary distribution opportunities through expanded wirehouse and bank distribution channels.\nThe assets acquired and liabilities assumed have been included in the Companys Consolidated Financial Statements as of the acquisition date.\nTotal assets acquired were $11.2 billion, including $1.4 billion of VOBA and $0.1 billion of cash, and total liabilities assumed were $10.6 billion.\nThere is no goodwill, including tax deductible goodwill, associated with the acquisition.\nSale of Wealth Management Solutions Business In April 2013, the Company signed a definitive agreement to sell its wealth management solutions business to Envestnet Inc.\nThe transaction, which did not have a material impact to the Companys financial results, closed in July 2013.\nDue to the existence of an ongoing contractual relationship between the Company and these operations, this disposition did not qualify for discontinued operations accounting treatment under U. S.  GAAP.4."}
{"_id": "d8f2f1bfe", "title": "", "text": "| 2008 | Net sales | Income from operations | Interest expense and other | Equity in income of affiliates | Income tax expense | Net earnings from operations | Net gain on sale (after-tax): | Containerboard, Packaging and Recyclingbusiness | Australian operations | Net earnings from discontinued operations |"}
{"_id": "d8897589c", "title": "", "text": "| 2009 2010 2011 2012 2013 | Masco | S&P 500 Index | S&P Industrials Index | S&P Consumer Durables & Apparel Index |"}
{"_id": "d8f5d5c30", "title": "", "text": "Securities lending indemnification Through the Firms securities lending program, customers securities, via custodial and non-custodial arrangements, may be lent to third parties.\nAs part of this program, the Firm provides an indemnification in the lending agreements which protects the lender against the failure of the third-party borrower to return the lent securities in the event the Firm did not obtain sufficient collateral.\nTo minimize its liability under these indemnification agreements, the Firm obtains cash or other highly liquid collateral with a market value exceeding 100% of the value of the securities on loan from the borrower.\nCollateral is marked to market daily to help assure that collateralization is adequate.\nAdditional collateral is called from the borrower if a shortfall exists, or collateral may be released to the borrower in the event of overcollateralization.\nIf a borrower defaults, the Firm would use the collateral held to purchase replacement securities in the market or to credit the lending customer with the cash equivalent thereof.\nAlso, as part of this program, the Firm invests cash collateral received from the borrower in accordance with approved guidelines."}
{"_id": "d8b6f9a34", "title": "", "text": "| Pension Benefits Year Ended December 31, Other Benefits Year Ended December 31, | 2015 | (In millions) | Components of net periodic benefit cost: | Service cost | Interest cost | Expected return on plan assets | Amortization: | - prior service cost (credit) | - actuarial loss | Net curtailment loss (gain)(a) | Net settlement loss(b) | Net periodic benefit cost(c) | Other changes in plan assets and benefit obligations recognized in other comprehensive (income) loss (pretax): | Actuarial loss (gain)(d) | Amortization of actuarial gain (loss) | Prior service cost (credit) | Amortization of prior service credit (cost) | Total recognized in other comprehensive (income) loss | Total recognized in net periodic benefit cost and other comprehensive (income) loss |"}
{"_id": "d8eeb9b54", "title": "", "text": "| Fiscal year ended | (dollars in millions, except per share data) | Income statement data: | Revenues: | Domestic Company-owned stores | Domestic franchise | Domestic stores | Domestic distribution | International | Total revenues | Cost of sales | Operating margin | General and administrative expense | Income from operations | Interest income | Interest expense | Other -1 | Income before provision for income taxes | Provision for income taxes | Net income | Net income (loss) available to common stockholders (2) | Earnings (loss) per share: | Class L – basic | Class L – diluted | Common stock – basic | Common stock – diluted | Dividends declared per share -3 | Balance sheet data (at end of period): | Cash and cash equivalents | Working capital | Total assets | Total long-term debt, less current portion | Total debt | Cumulative preferred stock | Total stockholders’ deficit |"}
{"_id": "d8e7afafc", "title": "", "text": "| In millions of dollars 2010 2009 2008 2007 2006 | OREO | Citicorp | Citi Holdings | Corporate/Other | Total OREO | North America | EMEA | Latin America | Asia | $1,703 | Other repossessed assets | Non-accrual assets—Total Citigroup | Corporate non-accrual loans | Consumer non-accrual loans | Non-accrual loans (NAL) | OREO | Other repossessed assets | Non-accrual assets (NAA) | NAL as a percentage of total loans | NAA as a percentage of total assets | Allowance for loan losses as a percentage of NAL-1(2) |"}
{"_id": "d8dc06516", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ROPER INDUSTRIES, INC.  AND SUBSIDIARIES Years Ended December 31, 2007, 2006 and 2005 (1) SUMMARY OF ACCOUNTING POLICIES Basis of Presentation  These fi nancial statements present consolidated information for Roper Industries, Inc.  and its subsidiaries (Roper or the Company).\nAll signifi cant intercompany accounts and transactions have been eliminated.\nNature of the Business  Roper is a diversifi ed growth company that designs, manufactures and distributes energy systems and controls, scientifi c and industrial imaging products and software, industrial technology products and radio frequency (RF) products and services.\nWe market these products and services to selected segments of a broad range of markets, including radio frequency applications, water, energy, research and medical, security and other niche markets.\nAccounts Receivable  Accounts receivable were stated net of an allowance for doubtful accounts and sales allowances of $11.9 million and $9.0 million at December 31, 2007 and 2006, respectively.\nOutstanding accounts receivable balances are reviewed periodically, and allowances are provided at such time that management believes reasonable doubt exists that such balances will be collected within a reasonable period of time.\nCash and Cash Equivalents  Roper considers highly liquid fi nancial instruments with remaining maturities at acquisition of three months or less to be cash equivalents.\nRoper had $198 million of cash equivalents at December 31, 2007 and no cash equivalents at December 31, 2006.\nEarnings per Share  Basic earnings per share were calculated using net earnings and the weighted-average number of shares of common stock outstanding during the respective year.\nDiluted earnings per share were calculated using net earnings and the weighted-average number of shares of common stock and potential common stock outstanding during the respective year.\nPotentially dilutive common stock consisted of stock options, restricted stock awards and the premium over the conversion price on our senior subordinated convertible notes based upon the trading price of the Companys common stock.\nThe effects of potential common stock were determined using the treasury stock method (in thousands)."}
{"_id": "d8f3a740e", "title": "", "text": "| In millions 2006 2007 2008 2009 2010 Thereafter | Total debt | Lease obligations | Purchase obligations (a) | Total |"}
{"_id": "d8f5d5d2a", "title": "", "text": "| Defined benefit pension plans | As of or for the year ended December 31, | (in millions) | Change in benefit obligation | Benefit obligation, beginning of year | Benefits earned during the year | Interest cost on benefit obligations | Plan amendments | Special termination benefits | Curtailments | Employee contributions | Net gain/(loss) | Benefits paid | Expected Medicare Part D subsidy receipts | Foreign exchange impact and other | Benefit obligation, end of year | Change in plan assets | Fair value of plan assets, beginning of year | Actual return on plan assets | Firm contributions | Employee contributions | Benefits paid | Foreign exchange impact and other | Fair value of plan assets, end of year | Net funded status(a) | Accumulated benefit obligation, end of year |"}
{"_id": "d89f70552", "title": "", "text": "| Millions 2010 2009 2008 | Cash provided by operating activities | Receivables securitization facility [a] | Cash provided by operating activitiesadjusted for the receivables securitizationfacility | Cash used in investing activities | Dividends paid | Free cash flow |"}
{"_id": "d89fc2ea6", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements The Company is participating in the IRS’s Compliance Assurance Program.\nUnder this program, the IRS assigns an examination team to review completed transactions as they occur in order to reach agreement with the Company on how they should be reported in the relevant tax returns.\nIf disagreements arise, accelerated resolutions programs are available to resolve the disagreements in a timely manner before the tax return is filed.\nSome of the Company’s affiliates in Japan file a consolidated tax return, while others file separate tax returns.\nThe Company’s affiliates in Japan are subject to audits by the local taxing authority.\nThe general statute of limitations is five years from when the return is filed.\nDuring 2016, the Tokyo Regional Taxation Bureau concluded a routine tax audit of the tax returns of the Company’s affiliates in Japan for their tax years ended March 31, 2013 to March 31, 2015.\nThese activities had no material impact on the Company’s 2016, 2017 or 2018 results.\nThe Company’s affiliates in South Korea file separate tax returns and are subject to audits by the local taxing authority.\nThe general statute of limitations is five years from when the return is filed.\nThe Korean National Tax Service did not conduct a tax audit of the tax returns of Prudential of Korea during the reporting period.16."}
{"_id": "d86dfdc0e", "title": "", "text": "| December 31, 2017 December 31, 2016 | Dollars in millions | Commercial | Manufacturing | Retail/wholesale trade | Service providers | Real estate related (a) | Health care | Financial services | Transportation andwarehousing | Other industries | Total commercial loans |"}
{"_id": "d861e3a54", "title": "", "text": "| (In millions) 2014 2013 2012 | Average U.S. short-duration advances | Average non-U.S. short-duration advances | Average total short-duration advances | Average short-durance advances to average loans and leases |"}
{"_id": "d890e0348", "title": "", "text": "| (In thousands) FairValueHierarchy Fair Value Year Ended November 30, 2012 Total Gains(Losses) (1) | Lennar Homebuilding: | Finished homes and construction in progress -2 | Land and land under development -3 | Rialto Investments: | REO - held-for-sale -4 | REO - held-and-used, net -5 |"}
{"_id": "d8efddea4", "title": "", "text": "| Interest Rate Exposure to Pretax Income | Interest Rate Increase 100 Basis Points | (in millions) | Asset-based management and distribution fees-1 | Variable annuity riders: | GMDB and GMIB | GMWB | GMAB | DAC and DSIC amortization-4 | Total variable annuity riders | Macro hedge program-5 | Fixed annuities, fixed insurance and fixed portion of variable annuities and variable insurance products | Brokerage client cash balances | Certificates | Indexed universal life insurance | Total |"}
{"_id": "d8caf3788", "title": "", "text": "| 2010 2009 2008 | Per Share | First quarter | Second quarter | Third quarter | Fourth quarter | $0.72 |"}
{"_id": "d87d9a9c8", "title": "", "text": "a.\nRepresents accretion of the fair value of environmental obligations assumed in the 2007 acquisition of FMC, which were determined on a discounted cash flow basis.\nb.\nReductions primarily reflect revisions for changes in the anticipated scope and timing of projects and other noncash adjustments.\nEstimated future environmental cash payments (on an undiscounted and unescalated basis) total $134 million in 2018, $132 million in 2019, $117 million in 2020, $119 million in 2021, $88 million in 2022 and $2.7 billion thereafter.\nThe amount and timing of these estimated payments will change as a result of changes in regulatory requirements, changes in scope and timing of remediation activities, the settlement of environmental matters and as actual spending occurs.\nAt December 31, 2017, FCXs environmental obligations totaled $1.4 billion, including $1.3 billion recorded on a discounted basis for those obligations assumed in the FMC acquisition at fair value.\nOn an undiscounted and unescalated basis, these obligations totaled $3.3 billion.\nFCX estimates it is reasonably possible that these obligations could range between $2.8 billion and $3.7 billion on an undiscounted and unescalated basis.\nAt December 31, 2017, the most significant environmental obligations were associated with the Pinal Creek site in Arizona; the Newtown Creek site in New York City; historical smelter sites principally located in Arizona, Indiana, Kansas, Missouri, New Jersey, Oklahoma and Pennsylvania; and uranium mining sites in the western U. S.  The recorded environmental obligations for these sites totaled $1.3 billion at December 31, 2017.\nFCX may also be subject to litigation brought by private parties, regulators and local governmental authorities related to these historical sites.\nA discussion of these sites follows."}
{"_id": "d88863d0a", "title": "", "text": "| December 31 | 2012 | (Dollars in millions) | Allowance for loan and lease losses | Residential mortgage | Home equity | Discontinued real estate | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer | U.S. commercial-1 | Commercial real estate | Commercial lease financing | Non-U.S. commercial | Total commercial-2 | Allowance for loan and lease losses | Reserve for unfunded lending commitments | Allowance for credit losses-3 |"}
{"_id": "d8c68366c", "title": "", "text": "(1) The North Sea includes acreage in the UK and the Netherlands.\nElectricity Sales and Expense We have a 100% ownership interest in an integrated natural gas-to-power project.\nThe project includes the Amistad natural gas field, offshore Ecuador, which supplies fuel to the Machala power plant.\nElectricity sales are included in other revenues and electricity generation expense is included in other operating expense, net in the consolidated statements of operations.\nOperating data is as follows:"}
{"_id": "d8807d938", "title": "", "text": "| Year Ended December 31, | 2010 | % of | $ | (In millions, except percentages) | North America | Europe and Africa | Asia-Pacific | South America | Total |"}
{"_id": "d8ae16a2a", "title": "", "text": "| Outstanding  Principal Balance Loan Loss Allowance % 30+ Days  Past Due | Amount | As of April 30, 2010: | Purchased from SCC | All other | $683,684 | As of April 30, 2009: | Purchased from SCC | All other | $821,837 |"}
{"_id": "d8e65deb0", "title": "", "text": "Other Equity-Based Compensation Arrangements The Company granted 10,640 shares, 24,540 shares and 22,420 shares of restricted stock in 2014, 2013 and 2012, respectively, to members of its board of directors.\nThese grants generally vest oneyear from the date of the grant and have a fair value equal to the market price of the Companys stock on the grant date.\nThe Company recorded total non-cash compensation expense of $0.8 million, $1.0 million and $0.8 million in 2014, 2013 and 2012, respectively, related to these restricted stock awards.\nAll non-cash compensation expense amounts are recorded in general and administrative expense.\nAs of December 28, 2014, there was approximately $0.1 million of total unrecognized compensation cost related to these restricted stock grants.\nThe Company granted 119,670 shares, 312,330 shares and 282,170 shares of performance-based restricted stock in 2014, 2013 and 2012, respectively, to certain employees of the Company.\nThe performance-based restricted stock awards granted in 2012 are separated into three tranches and have time-based and performance-based vesting conditions with the last tranche vesting three years from the issuance date.\nThe performance-based restricted stock awards granted in 2013 and 2014 are separated into four tranches and have time-based and performance-based vesting conditions with the last tranche vesting four years from the issuance date.\nThese awards also contain provisions for accelerated vesting upon the retirement of holders that have achieved specific service and age requirements.\nThese awards are considered granted for accounting purposes when the performance target is set, which is generally in the fourth quarter of each year.\nThe Company recorded total non-cash compensation expense of $12.4 million, $14.1 million and $11.5 million in 2014, 2013 and 2012, respectively, related to these awards.\nAll non-cash compensation expense amounts are recorded in general and administrative expense.\nAs of December 28, 2014, there was an estimated $24.4 million of total unrecognized compensation cost related to performance-based restricted stock."}
{"_id": "d8d83b594", "title": "", "text": "| 2014 2013 2012 | U.S. Plans | Actuarial assumptions used to determine benefit obligations as of December 31: | Discount rate | Rate of compensation increase | Actuarial assumptions used to determine net periodic pension cost for years ended December 31: | Discount rate | Expected long-term rate of return on plan assets (b) | Rate of compensation increase |"}
{"_id": "d8e487988", "title": "", "text": "| For the Years Ended December 31, | 2010 | (In thousands) | Free cash flow | Add back: | Purchases of property and equipment | Net cash flows from operating activities |"}
{"_id": "d8f444bf0", "title": "", "text": "| Payments Due By Fiscal Year  (in $000’s) | Contractual Obligations | Operating Lease Commitments | Contractual Obligations | Total Obligations |"}
{"_id": "d86ada586", "title": "", "text": "| Segments Senior Housing Triple-Net SHOP Life Science Medical Office Other Non-reportable Corporate Non-segment Total | Real estate revenues-1 | Operating expenses | NOI | Adjustments to NOI-2 | Adjusted NOI | Addback adjustments | Interest income | Interest expense | Depreciation and amortization | General and administrative | Transaction costs | Recoveries (impairments), net | Gain (loss) on sales of real estate, net | Loss on debt extinguishment | Other income (expense), net | Income tax benefit (expense) | Equity income (loss) from unconsolidated joint ventures | Net income (loss) |"}
{"_id": "d8b736858", "title": "", "text": "| -1 (2) December 31, 2007 December 31, 2006 | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total Private Trading Account Assets Supporting Insurance Liabilities |"}
{"_id": "d88cc7f40", "title": "", "text": "(1) At December 31, 2009, maximum loss exposure represents the total retained interests held by the Corporation and also includes $2.3 billion related to a liquidity support commitment the Corporation provided to one of the U. S.  Credit Card Securitization Trusts commercial paper program.\nThis commercial paper program was terminated in 2010.\n(2) As a holder of these securities, the Corporation receives scheduled principal and interest payments.\nDuring 2009, there were no OTTI losses recorded on those securities classified as AFS or HTM debt securities.\n(3) At December 31, 2010 and 2009, loans and leases includes $20.4 billion and $10.8 billion of sellers interest and $3.8 billion and $4.1 billion of discount receivables.\n(4) At December 31, 2010, all other assets includes restricted cash accounts and unbilled accrued interest and fees.\nAt December 31, 2009, all other assets includes discount subordinate interests in accrued interest and fees on the securitized receivables, cash reserve accounts and interest-only strips which are carried at fair value.\nDuring 2010, $2.9 billion of new senior debt securities were issued to external investors from the credit card securitization trusts.\nThere were no new debt securities issued to external investors from the credit card securitization trusts during 2009.\nCollections reinvested in revolving period securitizations were $133.8 billion and cash flows received on residual interests were $5.5 billion during 2009.\nAt December 31, 2009, there were no recognized servicing assets or liabilities associated with any of the credit card securitization transactions.\nThe Corporation recorded $2.0 billion in servicing fees related to credit card securitizations during 2009.\nDuring 2010 and 2009, subordinate securities with a notional principal amount of $11.5 billion and $7.8 billion and a stated interest rate of zero percent were issued by certain credit card securitization trusts to the Corporation.\nIn addition, the Corporation has elected to designate a specified percentage of new receivables transferred to the trusts as discount receivables such that principal collections thereon are added to finance charges which increases the yield in the trust.\nThrough the designation of newly transferred receivables as discount receivables, the Corporation has subordinated a portion of its sellers interest to the investors interest.\nThese actions, which were specifically permitted by the terms of the trust documents, were taken in an effort to address the decline in the excess spread of the U. S.  and U. K.  Credit Card Securitization Trusts.\nAs these trusts were consolidated on January 1, 2010, the issuance of subordinate securities and the discount receivables election had no impact on the Corporations consolidated results during 2010 or 2009.\nAt December 31, 2009, the carrying amount and fair value of the retained subordinate securities were $6.6 billion and $6.4 billion.\nThese balances were eliminated on January 1, 2010 with the consolidation of the trusts.\nThe outstanding principal balance of discount receivables, which are classified in loans and leases, was $3.8 billion and $4.1 billion at December 31, 2010 and 2009.\nThe notional amounts presented in Table 45 represent the total contract/ notional amount of credit derivatives outstanding and include both purchased and written credit derivatives.\nThe credit risk amounts are measured as the net replacement cost, in the event the counterparties with contracts in a gain position to us fail to per form under the terms of those contracts.\nFor information on the per formance risk of our written credit derivatives, see Note 4  Derivatives to the Consolidated Financial Statements.\nThe credit risk amounts discussed on page 96 and noted in the table below take into consideration the effects of legally enforceable master netting agreements while amounts disclosed in Note 4  Derivatives to the Consolidated Financial Statements are shown on a gross basis.\nCredit risk reflects the potential benefit from offsetting exposure to non-credit derivative products with the same counterparties that may be netted upon the occurrence of certain events, thereby reducing the Corporations overall exposure."}
{"_id": "d8f6ea404", "title": "", "text": "Profit Sharing 401(k) Plan The Company has a qualified profit sharing plan covering substantially all of its employees.\nContributions to the plan are at the discretion of the Company’s Board of Directors.\nThe Company made contributions of $5,725, $5,305 and $1,572 for fiscal years 2009, 2008 and 2007, respectively.11."}
{"_id": "d82def6b2", "title": "", "text": "(a) Represents the net fair value of assets and liabilities.2012 VERSUS 2011 CONSOLIDATED INCOME STATEMENT REVIEW Summary Results Net income for 2012 was $3.0 billion, or $5.30 per diluted common share, compared with $3.1 billion, or $5.64 per diluted common share, for 2011.\nRevenue growth of 8% and a decline in the provision for credit losses were more than offset by a 16% increase in noninterest expense in 2012 compared to 2011.\nNet Interest Income Net interest income increased to $9.6 billion in 2012 compared with $8.7 billion in 2011, primarily due to the impact of the RBC Bank (USA) acquisition, organic loan growth and lower funding costs.\nThe net interest margin remained relatively flat at 3.94% in 2012 compared with 3.92% in 2011.\nThe modest increase in the comparison was primarily due to a decrease in the weighted-average rate paid on total interest-bearing liabilities, primarily due to the runoff of maturing retail certificates of deposit and the redemption of additional trust preferred and hybrid capital securities during 2012, in addition to an increase in FHLB borrowings and commercial paper as lowercost funding sources.\nThis impact was mostly offset by a decrease in the yield on total interest-earning assets, which reflected lower rates on new loan volume and lower yields on new securities.\nNoninterest Income Noninterest income increased to $5.9 billion in 2012 compared with $5.6 billion in 2011.\nThe overall increase in the comparison was primarily due to an increase in residential mortgage loan sales revenue driven by higher loan origination volume, gains on sales of Visa Class B common shares and higher corporate service fees, largely offset by higher provision for residential mortgage repurchase obligations.\nNoninterest income as a percentage of total revenue was 38% in 2012 compared with 39% in 2011.\nAsset management revenue increased to $1.2 billion in 2012 compared with $1.1 billion in 2011, primarily due to higher earnings from our BlackRock investment.\nDiscretionary assets under management increased to $112 billion at December 31, 2012 compared with $107 billion at December 31, 2011 driven by stronger average equity markets, positive net flows, after adjustments to total net flows for cyclical client activities, and strong sales performance.\nConsumer services fees declined to $1.1 billion compared with $1.2 billion in 2011.\nThe decline reflected the regulatory impact of lower interchange fees on debit card transactions partially offset by customer growth.\nAs further discussed in the Retail Banking portion of the Business Segments Review section of Item 7 in our 2012 Form 10-K, the Dodd-Frank limits on interchange rates were effective October 1, 2011 and had a negative impact on revenue of approximately $314 million in 2012 and $75 million in 2011.\nThis impact was partially offset by higher volumes of merchant, customer credit card and debit card transactions and the impact of the RBC Bank (USA) acquisition.\nCorporate services revenue increased by $.3 billion, or 30%, to $1.2 billion in 2012 compared with $.9 billion in 2011 due to higher commercial mortgage servicing revenue and higher merger and acquisition advisory fees in 2012.\nThe comparison also reflected the impact of valuation gains from rising interest rates on commercial mortgage servicing rights valuations, which were $31 million in 2012 compared to a loss of $152 million in 2011.\nan institution rated single-A by the credit rating agencies.\nGiven the illiquid nature of many of these types of investments, it can be a challenge to determine their fair values.\nSee Note 7 Fair Value in the Notes To Consolidated Financial Statements in Item 8 of this Report for additional information.\nVarious PNC business units manage our equity and other investment activities.\nOur businesses are responsible for making investment decisions within the approved policy limits and associated guidelines.\nA summary of our equity investments follows: Table 48: Equity Investments Summary"}
{"_id": "d873cd404", "title": "", "text": "| American US Airways Wholly-owned Regional Carriers Total | Pilots | Flight attendants | Maintenance personnel | Fleet service personnel | Passenger service personnel | Administrative and other | Total |"}
{"_id": "d88e03efe", "title": "", "text": "Trading Securities Trading securities include investments in mutual funds held in a separate trust, which are owned as part of the Company’s supplemental retirement plan.\n(See discussion in Note 14. )\nEquity Method Investments Equity method investments principally include ownership interests in unconsolidated ventures determined to be VIEs.\nAll equity method investees are privately owned.\nThe carrying values of the Company’s equity-method investments are consistent with its ownership in the underlying net assets of the investees.\nThe carrying values of equity method investments increased as a result of additional funding provided and interest earnings recorded on the note receivable from OWN and the $273 million step-up for the disposition of the Discovery Health network and retained equity interest in OWN.\n(See Note 4).\nThese increases were partially offset by losses and dividends from equity method investments.\nConsolidated"}
{"_id": "d8842419a", "title": "", "text": "As of December 31, 2016, our liability for uncertain income tax positions was $4.2 million.\nDue to the high degree of uncertainty regarding timing of potential future cash flows associated with these liabilities, we are unable to make a reasonably reliable estimate of the amount and period in which these liabilities might be paid.\nWe utilize blanket purchase orders to communicate expected annual requirements to many of our suppliers.\nRequirements under blanket purchase orders generally do not become committed until several weeks prior to our scheduled unit production.\nThe purchase obligation amount presented above represents the value of commitments that we consider firm.\nRecent Accounting Pronouncements Refer to Recent Accounting Pronouncements in Note 1 of Notes to Consolidated Financial Statements.\nDerivative Instruments — Fair values for foreign currency derivatives are determined using pricing models based on the prevailing forward exchange rate of the underlying currencies.\nThe fair values of interest rate derivatives are based on broker quotes that utilize current market interest rate forecasts.\nPension Benefits Xcel Energy has several noncontributory, defined benefit pension plans that cover almost all employees.\nGenerally, benefits are based on a combination of years of service, the employee’s average pay and, in some cases, social security benefits.\nXcel Energy’s policy is to fully fund into an external trust the actuarially determined pension costs recognized for ratemaking and financial reporting purposes, subject to the limitations of applicable employee benefit and tax laws.\nIn addition to the qualified pension plans, Xcel Energy maintains a supplemental executive retirement plan (SERP) and a nonqualified pension plan.\nThe SERP is maintained for certain executives that were participants in the plan in 2008, when the SERP was closed to new participants.\nThe nonqualified pension plan provides unfunded, nonqualified benefits for compensation that is in excess of the limits applicable to the qualified pension plans.\nThe total obligations of the SERP and nonqualified plan as of Dec.  31, 2015 and 2014 were $41.8 million and $46.5 million, respectively.\nIn 2015 and 2014, Xcel Energy recognized net benefit cost for financial reporting for the SERP and nonqualified plans of $9.5 million and $4.7 million, respectively.\nBenefits for these unfunded plans are paid out of Xcel Energy’s consolidated operating cash flows.\nXcel Energy bases the investment-return assumption on expected long-term performance for each of the investment types included in its pension asset portfolio.\nXcel Energy considers the historical returns achieved by its asset portfolio over the past 20-year or longer period, as well as the long-term return levels projected and recommended by investment experts.\nXcel Energy continually reviews its pension assumptions.\nThe pension cost determination assumes a forecasted mix of investment types over the long-term.  ?\nInvestment returns in 2015 were below the assumed level of 7.09 percent; ?\nInvestment returns in 2014 were above the assumed level of 7.05 percent; ?\nInvestment returns in 2013 were below the assumed level of 6.88 percent; and ?\nIn 2016, Xcel Energy’s expected investment return assumption is 6.87 percent.\nThe assets are invested in a portfolio according to Xcel Energy’s return, liquidity and diversification objectives to provide a source of funding for plan obligations and minimize the necessity of contributions to the plan, within appropriate levels of risk.\nThe principal mechanism for achieving these objectives is the projected allocation of assets to selected asset classes, given the long-term risk, return, and liquidity characteristics of each particular asset class.\nThere were no significant concentrations of risk in any particular industry, index, or entity.\nMarket volatility can impact even well-diversified portfolios and significantly affect the return levels achieved by pension assets in any year.\nThe following table presents the target pension asset allocations for Xcel Energy at Dec.  31 for the upcoming year:"}
{"_id": "d8bd97486", "title": "", "text": "(1)  Options to purchase approximately 3,319 common stock shares in 2004, 15,231 common stock shares in 2003, and 109,897 common stock shares in 2002 at various prices were outstanding at the end of those years that were not included in the computation of diluted earnings per share because the exercise prices were greater than the common share average market price at the end of each of the years presented."}
{"_id": "d8aacbaaa", "title": "", "text": "| Year ended June 30, | 2011 | Net income | Non-cash expenses | Change in receivables | Change in deferred revenue | Change in other assets and liabilities | Net cash from operating activities |"}
{"_id": "d890ea7e4", "title": "", "text": "| NUMBER OF SECURITIES TO BE ISSUED UPON EXERCISE OF OUTSTANDING OPTIONS, WARRANTS AND RIGHTS (A) WEIGHTED AVERAGE EXERCISE PRICEOF OUTSTANDING OPTIONS, WARRANTS AND RIGHTS (B) NUMBEROF SECURITIES REMAINING AVAILABLE FOR FUTURE ISSUANCE UNDER EQUITY COMPENSATION PLANS (EXCLUDING SECURITIES REFLECTED IN COLUMN (A)) (C) | Equity compensation plans approved by security holders | Equity compensation plans not approved by security holders | Total | TOTAL NUMBER OF SHARES (ORUNITS) PURCHASED (A) | Common Stock Repurchases During the Third Quarter: | June 27 – July 30 | July 31 – August 27 | August 28 – September 24 | Total repurchases during third quarter | Common Stock Repurchases During the Fourth Quarter: | September 25 – October 29 | October 30 – November 26 | November 27 – December 31 | Total repurchases during fourth quarter | Total common stock repurchases during 2006 |"}
{"_id": "d8cf80c6a", "title": "", "text": "| For the year ended December 31, | 2007 | (in millions) | Premiums and other considerations: | Direct | Assumed | Ceded | Net premiums and other considerations | Benefits, claims and settlement expenses: | Direct | Assumed | Ceded | Net benefits, claims and settlement expenses |"}
{"_id": "d87559110", "title": "", "text": "| As of December 31, 2013 | $ in millions | Cash and cash equivalents | Fund investments | Equity securities | Government debt securities | Other assets | Guaranteed investment contracts | Total |"}
{"_id": "d88c5dc08", "title": "", "text": "| September 30, | 2015 | (In millions) | Balance Sheet Data: | Cash and cash equivalents and marketable securities -3 | Inventories | Total assets -4 | Notes payable -4 (5) | Total equity |"}
{"_id": "d8621514e", "title": "", "text": "Sales and Trading Revenue The Corporation enters into trading derivatives to facilitate client transactions, for principal trading purposes, and to manage risk exposures arising from trading account assets and liabilities.\nIt is the Corporations policy to include these derivative instruments in its trading activities which include derivatives and non-derivative cash instruments.\nThe resulting risk from these derivatives is managed on a portfolio basis as part of the Corporations Global Markets business segment.\nThe related sales and trading revenue generated within Global Markets is recorded in various income statement line items including trading account profits and net interest income as well as other revenue categories.\nHowever, the majority of income related to derivative instruments is recorded in trading account profits.\nSales and trading revenue includes changes in the fair value and realized gains and losses on the sales of trading and other assets, net interest income, and fees primarily from commissions on equity securities.\nRevenue is generated by the difference in the client price for an instrument and the price at which the trading desk can execute the trade in the dealer market.\nFor equity securities, commissions related to purchases and sales are recorded in other income (loss).\nChanges in the fair value of these securities are included in trading account profits.\nFor debt securities, revenue, with the exception of interest associated with the debt securities, is typically included in trading account profits.\nUnlike commissions for equity securities, the initial revenue related to broker/dealer services for debt securities is typically included in the pricing of the instrument rather than being charged through separate fee arrangements.\nTherefore, this revenue is recorded in trading account profits as part of the initial mark to fair value.\nFor derivatives, all revenue is included in trading account profits.\nIn transactions where the Corporation acts as agent, which include exchange-traded futures and options, fees are recorded in other income (loss).\nGains (losses) on certain instruments, primarily loans, that the Global Markets business segment shares with Global Banking are not considered trading instruments and are excluded from sales and trading revenue in their entirety."}
{"_id": "d8b838116", "title": "", "text": "Level 3 Rollforward The table below presents a summary of the changes in fair value for all level 3 derivatives.\nIn the table above: ° Changes in fair value are presented for all derivative assets and liabilities that are classified in level 3 as of the end of the period.\n° Net unrealized gains/(losses) relates to instruments that were still held at period-end.\n° If a derivative was transferred into level 3 during a reporting period, its entire gain or loss for the period is classified in level 3.\nTransfers between levels are reported at the beginning of the reporting period in which they occur.\n° Positive amounts for transfers into level 3 and negative amounts for transfers out of level 3 represent net transfers of derivative assets.\nNegative amounts for transfers into level 3 and positive amounts for transfers out of level 3 represent net transfers of derivative liabilities.\n° A derivative with level 1 and/or level 2 inputs is classified in level 3 in its entirety if it has at least one significant level 3 input.\n° If there is one significant level 3 input, the entire gain or loss from adjusting only observable inputs (i. e. , level 1 and level 2 inputs) is classified in level 3.\n° Gains or losses that have been classified in level 3 resulting from changes in level 1 or level 2 inputs are frequently offset by gains or losses attributable to level 1 or level 2 derivatives and/or level 1, level 2 and level 3 cash instruments.\nAs a result, gains/(losses) included in the level 3 rollforward below do not necessarily represent the overall impact on the firms results of operations, liquidity or capital resources."}
{"_id": "d89eb8b14", "title": "", "text": "The Company saw an increase in revenue in 2023.\nTable 1: Revenue Details\nThis revenue increase was due to the launch of new products."}
{"_id": "d88ee0cb4", "title": "", "text": "| As of December 31, | 2018 | (in millions) | Federal net operating and capital loss carryforwards | State net operating and capital loss carryforwards-1 | Foreign operating loss carryforwards-2 |"}
{"_id": "d89d96cea", "title": "", "text": "| Year Ended December 31, | 2011 | ($ in thousands) | Distribution fees | U.S. high-grade | Eurobond | Total distribution fees | Variable transaction fees | U.S. high-grade | Eurobond | Other | Total transaction fees | Total commissions |"}
{"_id": "d866fc996", "title": "", "text": "| 2009  Permitted w/o   Approval -1 2008 2007 | Company | (In millions) | Metropolitan Life Insurance Company | MetLife Insurance Company of Connecticut | Metropolitan Tower Life Insurance Company | Metropolitan Property and Casualty Insurance Company |"}
{"_id": "d8f91441e", "title": "", "text": "| Beginning of year 571 | Revisions of previous estimates | Improved recovery | Purchases of reserves in place | Extensions, discoveries, and other additions | Dispositions | Transfer to Proved Developed | End of year |"}
{"_id": "d87979402", "title": "", "text": "| 2013 | Labor-related deemed claim -1 | Aircraft and facility financing renegotiations and rejections -2, -3 | Fair value of conversion discount -4 | Professional fees | Other | Total reorganization items, net |"}
{"_id": "d8c9e1d04", "title": "", "text": "In the normal course of business, we originate or purchase loan products with contractual characteristics that, when concentrated, may increase our exposure as a holder of those loan products.\nPossible product features that may create a concentration of credit risk would include a high original or updated LTV ratio, terms that may expose the borrower to future increases in repayments above increases in market interest rates, and interest-only loans, among others.\nWe originate interest-only loans to commercial borrowers.\nSuch credit arrangements are usually designed to match borrower cash flow expectations (e. g. , working capital lines, revolvers).\nThese products are standard in the financial services industry and product features are considered during the underwriting process to mitigate the increased risk that the interest-only feature may result in borrowers not being able to make interest and principal payments when due.\nWe do not believe that these product features create a concentration of credit risk.\nAt December 31, 2016, we pledged $22.0 billion of commercial loans to the Federal Reserve Bank (FRB) and $60.8 billion of residential real estate and other loans to the Federal Home Loan Bank (FHLB) as collateral for the contingent ability to borrow, if necessary.\nThe comparable amounts at December 31, 2015 were $20.2 billion and $56.4 billion, respectively."}
{"_id": "d8b13a56c", "title": "", "text": "| In millions 2018 2017 2016 | Industrial Packaging | Global Cellulose Fibers | Printing Papers | Subtotal | Corporate and other | Capital Spending |"}
{"_id": "d82a65046", "title": "", "text": "Noble Energy, Inc.  Notes to Consolidated Financial Statements Additional fair value disclosures about plan assets are as follows:\n(1) See Note 1.\nSummary of Significant Accounting Policies - Fair Value Measurements for a description of the fair value hierarchy.\nAdditional information about plan assets, including methods and assumptions used to estimate the fair values of plan assets, is as follows: Federal Money Market Funds Investments in federal money market funds consist of portfolios of high quality fixed income securities (such as US Treasury securities) which, generally, have maturities of less than one year.\nThe fair value of these investments is based on quoted market prices for identical assets as of the measurement date.\nMutual Funds Investments in mutual funds consist of diversified portfolios of common stocks and fixed income instruments.\nThe common stock mutual funds are diversified by market capitalization and investment style as well as economic sector and industry.\nThe fixed income mutual funds are diversified primarily in government bonds, mortgage backed securities, and corporate bonds, most of which are rated investment grade.\nThe fair values of these investments are based on quoted market prices for identical assets as of the measurement date.\nCommon Collective Trust Funds Investments in common collective trust funds consist of common stock investments in both US and non-US equity markets.\nPortfolios are diversified by market capitalization and investment style as well as economic sector and industry.\nThe investments in the non-US equity markets are used to further enhance the plan’s overall equity diversification which is expected to moderate the plan’s overall risk volatility.\nIn addition to the normal risk associated with stock market investing, investments in foreign equity markets may carry additional political, regulatory, and currency risk which is taken into account by the committee in its deliberations.\nThe fair value of these investments is based on quoted prices for similar assets in active markets.\nAll of the investments in common collective trust funds represent exchange-traded securities with readily observable prices.\nRisk Management The oil and gas business is subject to many significant risks, including operational, strategic, financial and compliance/ regulatory risks.\nWe strive to maintain a proactive enterprise risk management (ERM) process to plan, organize, and control our activities in a manner which is intended to minimize the effects of risk on our capital, cash flows and earnings.\nERM expands our process to include risks associated with accidental losses, as well as operational, strategic, financial, compliance/regulatory, and other risks.\nOur ERM process is designed to operate in an annual cycle, integrated with our long range plans, and supportive of our capital structure planning.\nElements include, among others, cash flow at risk analysis, credit risk management, a commodity hedging program to reduce the impacts of commodity price volatility, an insurance program to protect against disruptions in our cash flows, a robust global compliance program, and government and community relations initiatives.\nWe benchmark our program against our peers and other global organizations.\nSee Item 1A.\nRisk Factors for a discussion of specific risks we face in our business.\nAvailable Information Our website address is www.\nnobleenergyinc.\ncom.\nAvailable on this website under “Investors – SEC Filings,” free of charge, are our annual reports on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, proxy statements, Forms 3, 4 and 5 filed on behalf of directors and executive officers and amendments to those reports as soon as reasonably practicable after such materials are electronically filed with or furnished to the SEC.\nAlternatively, you may access these reports at the SEC’s website at www.\nsec.\ngov.\nAlso posted on our website under “About Us – Corporate Governance”, and available in print upon request made by any stockholder to the Investor Relations Department, are charters for our Audit Committee, Compensation, Benefits and Stock Option Committee, Corporate Governance and Nominating Committee, and Environment, Health and Safety Committee.\nCopies of the Code of Conduct and the Code of Ethics for Chief Executive and Senior Financial Officers (the Codes) are also posted on our website under the “Corporate Governance” section.\nWithin the time period required by the SEC and the NYSE, as applicable, we will post on our website any modifications to the Codes and any waivers applicable to senior officers as defined in the applicable Code, as required by the Sarbanes-Oxley Act of 2002.\nItem 1A.\nRisk Factors Described below are certain risks that we believe are applicable to our business and the oil and gas industry in which we operate.\nThere may be additional risks that are not presently material or known.\nYou should carefully consider each of the following risks and all other information set forth in this Annual Report on Form 10-K.\nIf any of the events described below occur, our business, financial condition, results of operations, cash flows, liquidity or access to the capital markets could be materially adversely affected.\nIn addition, the current global economic and political environment intensifies many of these risks.\nWe are currently experiencing a severe downturn in the oil and gas business cycle, and an extended or more severe downturn could have material adverse effects on our operations, our liquidity, and the price of our common stock.\nOur ability to operate profitably, maintain adequate liquidity, grow our business and pay dividends on our common stock depend highly upon the prices we receive for our crude oil, natural gas, and NGL production.\nCommodity prices are volatile.\nCrude oil prices, in particular, began to decline significantly in the fourth quarter 2014, declined further in 2015 and have continued to trade at a low level or decline further thus far in 2016.\nHigh and low monthly daily average prices for crude oil and high and low contract expiration prices for natural gas for the last three years and into 2016 were as follows:"}
{"_id": "d8dd40f58", "title": "", "text": "MetLife, Inc.  Notes to the Consolidated Financial Statements  (Continued) Although it no longer received compensation, the Company continued to be responsible for managing the funds of those participants that transferred to the government system.\nThis change resulted in the establishment of a liability for future servicing obligations and the elimination of the Companys obligations under death and disability policy coverages.\nDuring 2008, the future servicing obligation was reduced by $23 million, net of income tax, when information regarding the level of participation in the government pension plan became fully available.\nIn September 2008, the Argentine Supreme Court ruled against the validity of the 2002 Pesification Law enacted by the Argentine government.\nThis ruling applied to certain social security pension annuity contractholders that had filed a lawsuit against the 2002 Pesification Law.\nThe annuity contracts impacted by this ruling, which were deemed peso denominated under the 2002 Pesification Law, are now considered to be U. S.  dollar denominated obligations of the Company.\nThe applicable contingent liabilities were then adjusted and refined to be consistent with this ruling.\nThe impact of the refinements resulting from the change in these contingent liabilities and the associated future policyholder benefits was an increase to net income of $34 million, net of income tax, during the year ended December 31, 2008.\nIn October 2008, the Argentine government announced its intention to nationalize private pensions and, in December 2008, the Argentine government nationalized the private pension system seizing the underlying investments of participants which were being managed by the Company.\nWith this action, the Companys pension business in Argentina ceased to exist and the Company eliminated certain assets and liabilities held in connection with the pension business.\nDeferred acquisition costs, deferred tax assets, and liabilities  primarily the liability for future servicing obligation referred to above  were eliminated and the Company incurred severance costs associated with the termination of employees.\nThe impact of the elimination of assets and liabilities and the incurral of severance costs was an increase to net income of $6 million, net of income tax, during the year ended December 31, 2008.\nIn March 2009, in light of market developments resulting from the Supreme Court ruling contrary to the Pesification Law and the implementation by the Company of a program to allow the contractholders that had not filed a lawsuit to convert to U. S.  dollars the social security annuity contracts denominated in pesos by the Pesification Law, the Company further reduced the outstanding contingent liabilities by $108 million, net of income tax, which was partially offset by the establishment of contingent liabilities from the implementation of the program to convert these contracts to U. S.  dollars of $13 million, net of income tax, resulting in a decrease to net loss of $95 million, net of income tax, for the year ended December 31, 2009.\nFurther governmental or legal actions are possible in Argentina.\nSuch actions may impact the level of existing liabilities or may create additional obligations or benefits to the Companys operations in Argentina.\nManagement has made its best estimate of its obligations based upon information currently available; however, further governmental or legal actions could result in changes in obligations which could materially impact the amounts presented within the consolidated financial statements."}
{"_id": "d879a9d3c", "title": "", "text": "Principal Financial Group, Inc.  Notes to Consolidated Financial Statements  (continued) 16.\nStockholders Equity  (continued) On March 31, 2008, June 30, 2008, September 30, 2008 and December 30, 2008, we paid a dividend of $8.2 million, $8.3 million, $8.2 million and $8.3 million, respectively, equal to $1.39 per share on Series A non-cumulative perpetual preferred stock and equal to $0.41 per share on Series B non-cumulative perpetual preferred stock.\nDividends were paid to stockholders of record as of March 13, 2008, June 12, 2008, September 11, 2008 and December 11, 2008, respectively.\nOn March 30, 2007, July 2, 2007, October 1, 2007 and December 31, 2007, we paid a dividend of $8.2 million, $8.3 million, $8.2 million and $8.3 million, respectively, equal to $1.39 per share on Series A non-cumulative perpetual preferred stock and equal to $0.41 per share on Series B non-cumulative perpetual preferred stock.\nDividends were paid to stockholders of record as of March 15, 2007, June 14, 2007, September 13, 2007 and December 13, 2007, respectively.\nOn March 30, 2006, June 30, 2006, October 2, 2006, and January 2, 2007, we paid a dividend of $8.3 million, $8.2 million, $8.3 million and $8.2 million, respectively, equal to $1.39 per share on Series A non-cumulative perpetual preferred stock and equal to $0.41 per share on Series B non-cumulative perpetual preferred stock.\nDividends were paid to stockholders of record as of March 15, 2006, June 15, 2006, September 14, 2006, and December 14, 2006, respectively.\nCommon Stock On December 5, 2008, we paid an annual dividend of $116.7 million, equal to $0.45 per share, to stockholders of record as of November 14, 2008.\nOn December 7, 2007, we paid an annual dividend of $235.6 million, equal to $0.90 per share, to stockholders of record as of November 16, 2007.\nOn December 15, 2006, we paid an annual dividend of $214.7 million, equal to $0.80 per share, to stockholders of record as of November 22, 2006.\nDuring November 2007, our Board of Directors authorized a share repurchase program of up to $500.0 million of our outstanding common stock.\nOn November 30, 2007, we entered into an accelerated common stock repurchase agreement with a third party investment bank for an aggregate purchase price of $250.0 million.\nOn this date, we paid $250.0 million and received the initial delivery of 2.9 million common shares, while retaining the right to receive additional common shares over the programs execution period.\nThe accelerated common stock repurchase agreement was completed in January 2008, at which time we received 0.9 million additional common shares under this agreement.\nAs of December 31, 2008, $250.0 million remained available under the November 2007 authorization.\nIn the fourth quarter of 2008, we suspended purchases of the remaining $250.0 million available under the November 2007 authorization.\nOn May 19, 2006, following our Board of Directors share repurchase authorization, we entered into an accelerated common stock repurchase agreement with a third party investment bank for an aggregate purchase price of $500.0 million.\nOn this date, we paid $500.0 million and received the initial delivery of 7.7 million common shares, while retaining the right to receive additional common shares depending on the volume weighted average share price of our common stock over the programs duration.\nThe program was completed in November 2006.\nUnder this program, we purchased a total of 9.3 million common shares.\nIn the last three years, our Board of Directors has authorized various repurchase programs under which we are allowed to purchase shares of our outstanding common stock.\nShares repurchased under these programs are accounted for as treasury stock, carried at cost and reflected as a reduction to stockholders equity.\nReconciliation of Outstanding Shares"}
{"_id": "d88196270", "title": "", "text": "| Year Ended December 31, 2018 2017 2016 | Balance at beginning of year | Net charges to costs and expenses1 | Write-offs | Other2 | Balance at end of year | Sales Volumes | Crude Oil &Condensate(MBbl/d) | Year Ended December 31, 2010 | United States-2 | Equatorial Guinea-3 (4) | Israel | North Sea | Ecuador-5 | China | Total Consolidated Operations | Equity Investees-6 | Total | Year Ended December 31, 2009 | United States-2 | Equatorial Guinea-3 (4) | Israel | North Sea | Ecuador | China | Total Consolidated Operations | Equity Investees-6 | Total | Year Ended December 31, 2008 | United States-2 | Equatorial Guinea-3 (4) | Israel | North Sea | Ecuador | China | Total Consolidated Operations | Equity Investees-6 | Total |"}
{"_id": "d8b3a6b34", "title": "", "text": "| Amount Ratios | December 31Dollars in millions | Risk-based capital | Common equity Tier 1 | PNC | PNC Bank | Tier 1 | PNC | PNC Bank | Total | PNC | PNC Bank | Leverage | PNC | PNC Bank |"}
{"_id": "d8ad0b3c4", "title": "", "text": "Effective March 1, 2003, Global Payments adopted Statements of Financial Accounting Standard No.148, “Accounting for Stock-Based Compensation—Transition and Disclosure” (“SFAS No.148”).\nSFAS No.148 addresses alternative methods of transition for a voluntary change to the fair value based method of accounting for stock-based employee compensation.\nIn addition, SFAS No.148 amends the disclosure requirements of Statements of Financial Accounting Standard No.123, “Accounting for Stock-Based Compensation” (“SFAS No.123”) to require prominent disclosure in both annual and interim financial statements about the method of accounting for stock-based employee compensation and the effect of the method used on reported results.\nAt May 31, 2004, the Company has two stock-based employee compensation plans, which are described more fully in Note 9.\nThe Company accounts for these plans under the recognition and measurement principles of APB Opinion No.25, “Accounting for Stock Issued to Employees,” and related interpretations."}
{"_id": "d8f5af530", "title": "", "text": "Year Ended December 31, 2017, as Compared to 2016 Other’s higher net expense was driven by the Tax Act, partially offset by prior year losses on forward-starting interest rate swaps and other costs related to the Piedmont acquisition, decreased severance expenses, prior year donations to the Duke Energy Foundation and insurance proceeds resulting from settlement of the shareholder litigation related to the Progress Energy merger.\nThe following is a detailed discussion of the variance drivers by line item.\nOperating Revenues.\nThe increase was primarily due to higher OVEC (Ohio Valley Electric Corporation) revenues and prior year customer credits related to Piedmont merger commitments.\nSee Note 2 to the Consolidated Financial Statements, “Acquisitions and Dispositions,” for additional information.\nOperating Expenses.\nThe decrease was primarily due to lower transaction and integration costs associated with the Piedmont acquisition, prior year severance expenses related to cost savings initiatives, donations to the Duke Energy Foundation in 2016 as well as prior year depreciation expense and other integration costs related to the Progress Energy merger.\nThe Duke Energy Foundation is a nonprofit organization funded by Duke Energy shareholders that makes charitable contributions to selected nonprofits and government subdivisions.\nOther Income and Expenses.\nThe increase was primarily driven by insurance proceeds resulting from settlement of the shareholder litigation related to the Progress Energy merger, higher earnings from the equity method investment in NMC and increased returns on investments that fund certain employee benefit obligations.\nInterest Expense.\nThe decrease was primarily due to prior year losses on forward-starting interest rate swaps related to Piedmont pre-acquisition financing, partially offset by higher interest costs on $3.75 billion of debt issued in August 2016 to fund the acquisition.\nFor additional information see Notes 2, 6 and 14 to the Consolidated Financial Statements, “Acquisitions and Dispositions,” “Debt and Credit Facilities” and “Derivatives and Hedging,” respectively.\nIncome Tax Benefit.\nThe variance was primarily due to the impact of the Tax Act and a decrease in pretax loss.\nSee the Tax Cuts and Jobs Act section above for additional information on the Tax Act and the impact on the effective tax rate.\nYear Ended December 31, 2016, as Compared to 2015 Other’s higher net expense was driven by costs related to the Piedmont acquisition, higher charitable donations and higher interest expense related to the Piedmont acquisition financing.\nThe following is a detailed discussion of the variance drivers by line item.\nOperating Revenues.\nThe decrease was primarily due to customer credits recorded related to Piedmont merger commitments.\nSee Note 2 to the Consolidated Financial Statements, “Acquisitions and Dispositions,” for additional information."}
{"_id": "d8e5fd97a", "title": "", "text": "| Payments due by | Total | (In millions) | Debt-1 | Operating leases-2 | Data processing, outsourcing agreements and other purchase obligations-3 | Other long-term liabilities-4 (6) | Interest payments-5 | $3,834.1 |"}
{"_id": "d8f727778", "title": "", "text": "then current Treasury rate (as defined) plus 15 basis points for the 2020 senior notes and 20 basis points for the 2040 notes.\nPrior to November 2010, the Company was subject to a replacement capital covenant that it had granted to the holders of its 6.75% senior notes due June 20, 2036 (the senior notes).\nThe replacement capital covenant restricted the Company’s ability to repurchase its $1.00 billion in outstanding 6.25% fixed-to-floating rate junior subordinated debentures due March 15, 2067 (the debentures).\nIn November 2010, the Company paid approximately $4 million to holders of the senior notes to terminate the replacement capital covenant.\nFollowing the termination, the Company purchased approximately $885 million aggregate principal amount of the debentures.\nA $60 million pretax loss was recognized in 2010 related to these transactions.\nOn September 16, 2010, the Company repaid the remaining $4 million principal balance on its 7.81% private placement senior notes.\nOn August 23, 2010, the Company’s $21 million, 7.415% medium-term notes matured and were fully paid.\nOn April 15, 2010, the Company’s $250 million, 8.125% senior notes matured and were fully paid.\nAll of these debt payments were made from internally-generated funds.\nThe amount of debt obligations, other than commercial paper, that becomes due in 2013 is $500 million.\nIn 2014, no debt obligations become due.\nIn 2015, the amount of debt obligations, other than commercial paper, that comes due is $400 million.\nThe Company may refinance maturing debt through funds generated internally or, depending on market conditions, through funds generated externally, including as a result of the issuance of debt or other securities."}
{"_id": "d814a3a0a", "title": "", "text": "| Amount (In Millions) | Plant (including nuclear fuel) | Decommissioning trust funds | Other assets | Total assets acquired | Purchased power agreement (below market) | Decommissioning liability | Other liabilities | Total liabilities assumed | Net assets acquired |"}
{"_id": "d86edfd66", "title": "", "text": "Insurance We maintain insurance of the types that we believe are customary in the airline industry, including insurance for public liability, passenger liability, property damage, and all-risk coverage for damage to its aircraft.\nPrincipal coverage includes liability for injury to members of the public, including passengers, damage to property of AAG, its subsidiaries and others, and loss of or damage to flight equipment, whether on the ground or in flight.\nWe also maintain other types of insurance such as workers’ compensation and employer’s liability, with limits and deductibles that we believe are standard within the industry.\nSince September 11, 2001, we and other airlines have been unable to obtain coverage for liability to persons other than employees and passengers for claims resulting from acts of terrorism, war or similar events, which is called war risk coverage, at reasonable rates from the commercial insurance market.\nWe, therefore, purchased our war risk coverage through a special program administered by the FAA, as have most other U. S.  airlines.\nThis program, which currently expires September 30, 2014,\nhas been extended numerous times in the past.\nIf this program were not to be extended, we would likely face a material increase in the cost of war risk coverage, and because of competitive pressures in the industry, our ability to pass this additional cost to passengers may be limited.\nIn addition, we have obtained third-party war risk (terrorism) insurance through a special program administered by the FAA, resulting in lower premiums than if we had obtained this insurance in the commercial insurance market.\nIf the federal insurance program terminates, we would likely face a material increase in the cost of war risk insurance.\nSee Part I, Item 1A.\nRisk Factors - \" Increases in insurance costs or reductions in insurance coverage may adversely impact our operations and financial results. \"\nIn addition, insurers significantly increased the premiums for aviation insurance in general following September 11, 2001.\nWhile the price of commercial insurance has declined since the period immediately after the terrorist attacks of September 11, 2001, if commercial insurance carriers further reduce the amount of insurance coverage available to the Company or significantly increase its cost, the Company would be materially adversely affected."}
{"_id": "d8cd0c646", "title": "", "text": "| 2016 2015 | Vehicles | Aircraft | Buildings | Accumulated amortization | Property, plant and equipment subject to capital leases |"}
{"_id": "d887600c0", "title": "", "text": "Litigation Matters.\nFor asserted claims and assessments, liabilities are recorded when an unfavorable outcome of a matter is"}
{"_id": "d8dcf0ce2", "title": "", "text": "| Millions of Dollars 2007 2006 2005 | Cash provided by operating activities | Cash used in investing activities | Dividends paid | Free cash flow |"}
{"_id": "d871f339a", "title": "", "text": "increased investment in programming to support subscriber growth, higher offer costs and continued investment in Presto, partially offset by lower depreciation expense resulting from Foxtels reassessment of the useful lives of cable and satellite installations.\nNet income decreased as a result of the lower operating income noted above, partially offset by lower income tax expense.\n(b) Other equity affiliates, net for the fiscal year ended June 30, 2016 includes losses primarily from the Companys interests in Draftstars and Elara Technologies, which owns PropTiger.\nInterest, netInterest, net for the fiscal year ended June 30, 2016 decreased $13 million, or 23%, as compared to fiscal 2015, primarily due to the negative impact of foreign currency fluctuations and interest expense associated with the REA Facility.\n(See Note 9 to the Consolidated Financial Statements)."}
{"_id": "d87167246", "title": "", "text": "| Years Ended December 31, 2009 2008 2007 | Segment revenue | Segment operating income | Segment operating income margin |"}
{"_id": "d8cfea1ce", "title": "", "text": "| September 24, 2005 September 25, 2004 September 27, 2003 | Beginning allowance balance | Charged to costs and expenses | Deductions (a) | Ending allowance balance |"}
{"_id": "d8de398ba", "title": "", "text": "| Outstanding Regional Classes and Seriesof Common Stock Issued inthe Reorganization Converted Classes and Series of Common Stock Issued in the True-Up Number of Regional Classes and Series of Common Stock Issued in the Reorganization True-up Conversion Ratio Number of Converted Classes and Series of Common Stock after the True-Up | Class USA-1 | Class EU (series I) | Class EU (series II) | Class EU (series III) | Class Canada | Class AP | Class LAC | Class CEMEA |"}
{"_id": "d8b09086e", "title": "", "text": "| 2014 2013 2012 | Test & Measurement | Environmental | Life Sciences & Diagnostics | Dental | Industrial Technologies |"}
{"_id": "d87b359b2", "title": "", "text": "| Shares Weighted-AverageGrant DateFair Value | Unvested restricted shares outstanding at December 31, 2011 | Granted | Forfeited | Vested | Unvested restricted shares outstanding at December 31, 2012 | Granted | Forfeited | Vested | Unvested restricted shares outstanding at December 31, 2013 | Granted | Forfeited | Vested | Unvested restricted shares outstanding at December 31, 2014 |"}
{"_id": "d873e2002", "title": "", "text": "CONSOLIDATED RESULTS Net sales and revenue and operating income numbers reported in our consolidated results do not include the activity of our discontinued operations: ?Containerboard, Packaging and Recycling operations (sold in August 2008); ?Australian operations (sold in July 2008); ?Trus Joist?Commercial division (held for sale as of December 2008); ?Fine Paper operations (divested in March 2007); ?Irish composite panel operations (sold in November 2006); and ?North American composite panel operations (sold in July 2006).\nWe report these activities and results as discontinued operations in our Consolidated Statement of Earnings.\nHowever, we include the results of these operations in the segment discussions that follow.\nSee Note 3: Discontinued Operations and Assets Held For Sale in the Notes to Consolidated Financial Statements for more information about our discontinued operations.\nHOW WE DID IN 2008 Net Sales and Revenues, Operating Income (Loss), Earnings From Discontinued Operations and Net Earnings (Loss)"}
{"_id": "d8adb2c82", "title": "", "text": "| 2007 2006 2005 | (Thousands of Dollars) | Service cost | Interest cost | Expected return on plan assets | Amortization of prior service cost | Amortization of net loss | Net periodic pension cost (credit) under SFAS No. 87 | Credits not recognized due to effects of regulation | Net benefit credit recognized for financial reporting | Significant Assumptions Used to Measure Costs | Discount rate | Expected average long-term increase in compensation level | Expected average long-term rate of return on assets | Regulated Electric Utility | (Thousands of Dollars) | 2007 | Operating revenues from external customers | Intersegment revenues | Total revenues | Depreciation and amortization | Financing costs, mainly interest expense | Income tax expense (benefit) | Income (loss) from continuing operations | 2006 | Operating revenues from external customers | Intersegment revenues | Total revenues | Depreciation and amortization | Financing costs, mainly interest expense | Income tax expense (benefit) | Income (loss) from continuing operations | 2005 | Operating revenues from external customers | Intersegment revenues | Total revenues | Depreciation and amortization | Financing costs, mainly interest expense | Income tax expense (benefit) | Income (loss) from continuing operations |"}
{"_id": "d86e8e36c", "title": "", "text": "Credit Facility In August 2018, we entered into a revolving credit agreement with certain lenders which provides for a $500.0 million revolving unsecured credit facility maturing on August 7, 2023.\nIn connection with entering into the $500.0 million credit facility, we also terminated our $1.0 billion unsecured revolving credit facility.\nWe are obligated to pay interest on loans under the new credit facility and other customary fees for a credit facility of this size and type, including an upfront fee and an unused commitment fee.\nThe interest rate for the new credit facility is determined based on calculations using certain market rates as set forth in the credit agreement.\nAs of December 31, 2018, no amounts had been drawn under the credit facility."}
{"_id": "d8816387a", "title": "", "text": "| (In thousands) 2015 % ofRevenue 2014 % ofRevenue % Change | Revenues | System sales | Support and maintenance | Services | Reimbursed travel | Total revenues | Costs of revenue | Costs of revenue | Total margin | Operating expenses | Sales and client service | Software development | General and administrative | Amortization of acquisition-related intangibles | Total operating expenses | Total costs and expenses | Operating earnings | Other income, net | Income taxes | Net earnings |"}
{"_id": "d8135b2a6", "title": "", "text": "(1) The number of securities in column (A) include 22,290 shares of common stock underlying performance stock units if maximum performance levels are achieved; the actual number of shares, if any, to be issued with respect to the performance stock units will be based on performance with respect to specified financial and relative stock price measures.\nITEM?13.\nCERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE For the information required by this Item?13, see “Certain Transactions” and “Corporate Governance” in the Proxy Statement for our 2019 Annual Meeting, which information is incorporated herein by reference.\nITEM?14.\nPRINCIPAL ACCOUNTING FEES AND SERVICES For the information required by this Item?14, see “Audit and Non-Audit Fees” and “Audit Committee Pre-Approval Procedures” in the Proxy Statement for our 2019 Annual Meeting, which information is incorporated herein by reference."}
{"_id": "d8ec72eae", "title": "", "text": "Commitments and Contingencies The Company is involved in a number of legal proceedings, lawsuits and claims incidental to the normal conduct of business, relating to such matters as product liability, antitrust, past waste disposal practices and release of chemicals into the environment.\nWhile it is impossible at this time to determine with certainty the ultimate outcome of these proceedings, lawsuits and claims, the Company believes, based on the advice of legal counsel, that adequate provisions have been made and that the ultimate outcomes will not have a material adverse effect on the financial position of the Company, but may have a material adverse effect on the results of operations or cash flows in any given accounting period.\nPlumbing Actions CNA Holdings, Inc.  (CNA Holdings), a U. S.  subsidiary of the Company, which included the U. S.  business now conducted by the Ticona segment, along with Shell Oil Company (Shell), E. I.  DuPont de Nemours and Company (DuPont) and others, has been a defendant in a series of lawsuits, including a number of class actions, alleging that plastics manufactured by these companies that were utilized in the production of plumbing systems for residential property were defective or caused such plumbing systems to fail.\nBased on, among other things, the findings of outside experts and the successful use of Ticonas acetal copolymer in similar applications, CNA Holdings does not believe Ticonas acetal copolymer was defective or caused the plumbing systems to fail.\nIn many cases"}
{"_id": "d8cac6b02", "title": "", "text": "During the year ended November 30, 2010, we recorded $10.5 million of our share of valuation adjustments related to the assets of unconsolidated entities in which we have investments, compared to $101.9 million for the year ended November 30, 2009.\nIn addition, we recorded $1.7 million and $89.0 million, respectively, of valuation adjustments to our investments in unconsolidated entities for the years ended November 30, 2010 and 2009.\nWe will continue to monitor our investments in joint ventures and the recoverability of assets owned by those joint ventures.\nThe summary of our net recourse exposure related to the Lennar Homebuilding unconsolidated entities in which we have investments was as follows:"}
{"_id": "d8d09a358", "title": "", "text": "Contractual Obligations.\nThe following table shows our contractual obligations for the period indicated:\n(1) Interest expense on 6.6% long term notes is assumed to be fixed through contractual term.\n(2) Loss and LAE reserves represent our best estimate of losses from claim and related settlement costs.\nBoth the amounts and timing of such payments are estimates, and the inherent variability of resolving claims as well as changes in market conditions make the timing of cash flows uncertain.\nTherefore, the ultimate amount and timing of loss and LAE payments could differ from our estimates.\nThe contractual obligations for senior notes, long term notes and junior subordinated debt are the responsibility of Holdings.\nWe have sufficient cash flow, liquidity, investments and access to capital markets to satisfy these obligations.\nHoldings generally depends upon dividends from Everest Re, its operating insurance subsidiary for its funding, capital contributions from Group or access to the capital markets.\nOur various operating insurance and reinsurance subsidiaries have sufficient cash flow, liquidity and investments to settle outstanding reserves for losses and LAE.\nManagement believes that we, and each of our entities, have sufficient financial resources or ready access thereto, to meet all obligations."}
{"_id": "d8ca47d5c", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Managements Discussion and Analysis In the table above: ° Deduction for goodwill and identifiable intangible assets, net of deferred tax liabilities, included goodwill of $3.67 billion as of both December 2017 and December 2016, and identifiable intangible assets of $373 million and $429 million as of December 2017 and December 2016, respectively, net of associated deferred tax liabilities of $704 million and $1.08 billion as of December 2017 and December 2016, respectively.\n° Deduction for investments in nonconsolidated financial institutions represents the amount by which our investments in the capital of nonconsolidated financial institutions exceed certain prescribed thresholds.\nThe decrease from December 2016 to December 2017 primarily reflects reductions in our fund investments.\n° Deduction for investments in covered funds represents our aggregate investments in applicable covered funds, excluding investments that are subject to an extended conformance period.\nThis deduction was not subject to a transition period.\nSee Business  Regulation in Part I, Item 1 of this Form 10-K for further information about the Volcker Rule.\n° Other adjustments within CET1 primarily include the overfunded portion of our defined benefit pension plan obligation net of associated deferred tax liabilities, disallowed deferred tax assets, credit valuation adjustments on derivative liabilities, debt valuation adjustments and other required credit risk-based deductions.\n° Qualifying subordinated debt is subordinated debt issued by Group Inc.  with an original maturity of five years or greater.\nThe outstanding amount of subordinated debt qualifying for Tier 2 capital is reduced upon reaching a remaining maturity of five years.\nSee Note 16 to the consolidated financial statements for further information about our subordinated debt.\nSee Note 20 to the consolidated financial statements for information about our transitional capital ratios, which represent the ratios that are applicable to us as of both December 2017 and December 2016."}
{"_id": "d8ddaa052", "title": "", "text": "| 2008 83,382 | 2009 | 2010 | 2011 | 2012 | Thereafter | Total |"}
{"_id": "d8712c65a", "title": "", "text": "| December 31, | (DOLLARS IN THOUSANDS) | ASSETS | Employee and retiree benefits | Credit and net operating loss carryforwards-1 | Property, plant and equipment, net | Trademarks and other-1 | Amortizable R&D expenses | Other, net | Gross deferred tax assets | Valuation allowance-1 | Total net deferred tax assets |"}
{"_id": "d8327a5ce", "title": "", "text": "| December 31, 2013 December 31, 2012 | Total | Assets | Money market funds | Available-for-sale investments | Derivatives | Total assets | Liabilities | Derivatives | Total liabilities |"}
{"_id": "d89a46a18", "title": "", "text": "Software Development Costs Capitalization of software development costs for software to be sold, leased, or otherwise marketed begins upon the establishment of technological feasibility, which is generally the completion of a working prototype that has been certified as having no critical bugs and is a release candidate.\nAmortization begins once the software is ready for its intended use, generally based on the pattern in which the economic benefits will be consumed.\nTo date, software development costs incurred between completion of a working prototype and general availability of the related product have not been material.\nInternal Use Software We capitalize costs associated with customized internal-use software systems that have reached the application development stage.\nSuch capitalized costs include external direct costs utilized in developing or obtaining the applications and payroll and payroll-related expenses for employees, who are directly associated with the development of the applications.\nCapitalization of such costs begins when the preliminary project stage is complete and ceases at the point in which the project is substantially complete and is ready for its intended purpose.\nIncome Taxes We use the asset and liability method of accounting for income taxes.\nUnder this method, income tax expense is recognized for the amount of taxes payable or refundable for the current year.\nIn addition, deferred tax assets and liabilities are recognized for expected future tax consequences of temporary differences between the financial reporting and tax bases of assets and liabilities, and for operating losses and tax credit carryforwards.\nWe record a valuation allowance to reduce deferred tax assets to an amount for which realization is more likely than not.\nCITIZENS FINANCIAL GROUP, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 184 Total income tax expense is presented below:"}
{"_id": "d8b8f36e6", "title": "", "text": "Table 51: Alternate Interest Rate Scenarios: One Year Forward"}
{"_id": "d8b611860", "title": "", "text": "| Pension Postretirement | 2017 | Discount rates: | Service cost | Interest cost | Expected rate of return on plan assets | Rate of compensation increase | Health care cost trend rate |"}
{"_id": "d896353c0", "title": "", "text": "2014 was driven by higher operating expenses from expanding our commercial infrastructure, additional research and development costs, the implementation of the medical device tax in the U. S.  in January 2013, and additional legal fees to comply with the subpoena received from the Department of Justice in October 2012 and defend ourselves from other legal claims, which were partially offset by increased Impella sales resulting from greater demand for our products, particularly the Impella CP.\nLiquidity and Capital Resources At March 31, 2015, our total cash, cash equivalents, and short and long-term marketable securities totaled $146.0 million, an increase of $27.7 million compared to $118.3 million at March 31, 2014.\nThe increase in our cash, cash equivalents, and short and long-term marketable securities was due primarily to positive cash flows from operations in fiscal 2015 and proceeds from stock option exercises, partially offset by the ECP and AIS acquisitions discussed above in Overview.\n We paid approximately $15.7 million in net cash for the initial purchase price of these acquisitions.\nWe also could be required to pay up to an additional $15.0 million, which may be paid, at our discretion, as cash, shares of our common stock or a combination of both, in connection with the acquisition of ECP, if certain technical, regulatory and commercial milestones are met.\nFollowing is a summary of our cash flow activities:"}
{"_id": "d81139356", "title": "", "text": "| Total 2013 2014 to2015 2016 to2017 Thereafter | Reclamation and environmental obligationsa | Debt maturities | Take-or-pay contractsb | Scheduled interest payment obligationsc | Operating lease obligations | Totald |"}
{"_id": "d87964f3e", "title": "", "text": "| December 31 | (Dollars in millions) | Notional | Mark-to-market or guarantor receivable | Credit valuation adjustment | Total | Credit valuation adjustment % | Gains (losses) |"}
{"_id": "d8b552442", "title": "", "text": "| Premiums Payable Premiums Receivable | (in millions) | 2018 | 2019 | 2020 | 2021 | 2022 | 2023-2027 | Total |"}
{"_id": "d8829b1d4", "title": "", "text": "| Shares(in thousands) Fair ValuePrice perShare* | Non-vested performance awards at beginning of year | Granted | Vested | Cancellations | Non-vested performance awards at end of year |"}
{"_id": "d8a3d4814", "title": "", "text": "NOTE 13.\nSTOCK-BASED COMPENSATION Incentive Equity Awards Converted from ADP Awards.\nBefore March 31, 2007, all employee equity awards (stock options and restricted stock) were granted by ADP.\nAt the time of the Distribution, ADP’s outstanding equity awards for employees of the Company were converted into equity awards of Broadridge at a ratio of 2.4569 Broadridge stock options for every ADP stock option held before the Distribution and 2.2386 Broadridge\nWe believe that the presentation of adjusted diluted earnings per share, which excludes withdrawal costs – multiemployer pension funds, restructuring charges, loss on extinguishment of debt, and (gain) loss on business dispositions and impairments, net, provides an understanding of operational activities before the financial effect of certain items.\nWe use this measure, and believe investors will find it helpful, in understanding the ongoing performance of our operations separate from items that have a disproportionate effect on our results for a particular period.\nWe have incurred comparable charges and costs in prior periods, and similar types of adjustments can reasonably be expected to be recorded in future periods.\nOur definition of adjusted diluted earnings per share may not be comparable to similarly titled measures presented by other companies.\nProperty and Equipment, Net In 2017, we anticipate receiving approximately $975 million of property and equipment, net of proceeds from sales of property and equipment, as follows:"}
{"_id": "d89f86870", "title": "", "text": "| Prepayment rate December 31, 2009 3–8 CRR | Loss severity-1 | Unemployment rate | Peak-to-trough housing price decline |"}
{"_id": "d87397d9a", "title": "", "text": "| December 31, | 2013 | (in millions) | Stock option | Restricted stock-1 | Restricted stock units | Liability awards | Total |"}
{"_id": "d8aa0ec70", "title": "", "text": "Table of Contents ADOBE INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) discount that we receive is higher than our estimate of the expected foregone return on our cash prepayments to the financial institutions.\nThere were no explicit commissions or fees on these structured repurchases.\nUnder the terms of the agreements, there is no requirement for the financial institutions to return any portion of the prepayment to us.\nThe financial institutions agree to deliver shares to us at monthly intervals during the contract term.\nThe parameters used to calculate the number of shares deliverable are: the total notional amount of the contract, the number of trading days in the contract, the number of trading days in the interval and the average VWAP of our stock during the interval less the agreed upon discount.\nDuring fiscal 2018, we repurchased approximately 8.7 million shares at an average price per share of $230.43 through structured repurchase agreements entered into during fiscal 2018 and fiscal 2017.\nDuring fiscal 2017, we repurchased approximately 8.2 million shares at an average price per share of $134.20 through structured repurchase agreements entered into during fiscal 2017 and fiscal 2016.\nDuring fiscal 2016, we repurchased approximately 10.4 million shares at an average price per share of $97.16 through structured repurchase agreements entered into during fiscal 2016 and fiscal 2015.\nFor fiscal 2018, 2017 and 2016, the prepayments were classified as treasury stock on our Consolidated Balance Sheets at the payment date, though only shares physically delivered to us by November 30, 2018, December 1, 2017 and December 2, 2016 were excluded from the computation of earnings per share.\nAs of November 30, 2018, $150.0 million of prepayments from our May 2018 authority remained under the agreement.\nSubsequent to November 30, 2018, as part of the 2018 stock repurchase authority, we entered into a structured stock repurchase agreement with a large financial institution whereupon we provided them with a prepayment of $500 million.\nThis amount will be classified as treasury stock on our Consolidated Balance Sheets.\nUpon completion of the $500 million stock repurchase agreement, $7.35 billion remains under our May 2018 authority.\nAs of November 30, 2018, there is no remaining balance under our January 2017 authority.\nNOTE 13.\nNET INCOME PER SHARE Basic net income per share is computed using the weighted average number of common shares outstanding for the period, excluding unvested restricted stock units and performance awards.\nDiluted net income per share is based upon the weighted average common shares outstanding for the period plus dilutive potential common shares, including unvested restricted stock units, performance share awards, and stock options using the treasury stock method.\nThe following table sets forth the computation of basic and diluted net income per share for fiscal 2018, 2017 and 2016 (in thousands, except per share data):"}
{"_id": "d899e3d96", "title": "", "text": "(1) Cancellation rate represents the number of cancelled sales orders divided by gross sales orders.\nNet Sales Orders 2018 versus 2017 The value of net sales orders increased 13% to $15.8 billion (52,740 homes) in 2018 from $13.9 billion (46,605 homes) in 2017, with increases in all of our regions.\nThe increases in the value of sales orders were due to increased volume.\nThe average selling price of homes sold during fiscal 2018 was $298,800, essentially unchanged from the prior year.\nThe number of net sales orders increased 13% during 2018 compared to 2017.\nThe increase in net sales orders reflects the strength in demand in most of our markets, particularly at affordable price points.\nOur Chicago and Phoenix markets contributed the most to higher sales volumes in our Midwest and Southwest regions, respectively.\nOur sales order cancellation rate (cancelled sales orders divided by gross sales orders for the period) was 22% in both years.\nWe believe our business is well positioned to continue to generate increased sales volume; however, our future sales volumes will depend on new home demand in each of our operating markets and our ability to successfully implement our operating strategies.2017 versus 2016 The value of net sales orders increased 16% to $13.9 billion (46,605 homes) in 2017 from $12.0 billion (40,814 homes) in 2016, with increases in all of our regions.\nThe increase in the value of sales orders was due to increased volume and to a lesser extent, increased selling prices in some regions.\nThe number of net sales orders increased 14%, and the average price of net sales orders increased 2% to $299,100 during 2017 compared to 2016.\nOur Phoenix and Carolina markets contributed the most to higher sales volumes in our Southwest and East regions, respectively.\nOur sales order cancellation rate was 22% in 2017 compared to 23% in 2016.\nD. R.  HORTON, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) 89 The Company’s homebuilding revolving credit facility imposes restrictions on its operations and activities, including requiring the maintenance of a maximum allowable ratio of debt to tangible net worth and a borrowing base restriction if the Company’s ratio of debt to tangible net worth exceeds a certain level.\nThese covenants are measured as defined in the credit agreement governing the facility and are reported to the lenders quarterly.\nA failure to comply with these financial covenants could allow the lending banks to terminate the availability of funds under the revolving credit facility or cause any outstanding borrowings to become due and payable prior to maturity.\nThe credit agreement governing the facility and the indenture governing the senior notes also impose restrictions on the creation of secured debt and liens.\nAt September 30, 2018, the Company was in compliance with all of the covenants, limitations and restrictions of its homebuilding revolving credit facility and public debt obligations.\nThe Company has an automatically effective universal shelf registration statement filed with the Securities and Exchange Commission (SEC) in August 2018, registering debt and equity securities that the Company may issue from time to time in amounts to be determined.\nIn December 2017, the Company issued $400 million principal amount of 2.55% senior notes due December 1, 2020, with interest payable semi-annually.\nThe notes represent unsecured obligations of the Company.\nIn December 2017, the Company redeemed $400 million principal amount of its 3.625% senior notes due February 2018.\nThe senior notes were redeemed at a price equal to 100% of the principal amount of the notes, together with accrued and unpaid interest.\nThe key terms of the Company’s homebuilding senior notes outstanding as of September 30, 2018 are summarized below."}
{"_id": "d8ddaa1e2", "title": "", "text": "| Sales Price | High | 2017 | Fourth Quarter Ended December 31, 2017 | Third Quarter Ended September 30, 2017 | Second Quarter Ended June 30, 2017 | First Quarter Ended March 31, 2017 | 2016 | Fourth Quarter Ended December 31, 2016 | Third Quarter Ended September 30, 2016 | Second Quarter Ended June 30, 2016 | First Quarter Ended March 31, 2016 |"}
{"_id": "d8aa7590c", "title": "", "text": "Note 9.\nIncome Taxes Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to tax benefit carryforwards and to differences between the financial statement amounts of assets and liabilities and their respective tax basis.\nDeferred tax assets and liabilities are measured using enacted tax rates.\nA valuation reserve is established if it is more likely than not that all or a portion of the deferred tax asset will not be realized.\nThe tax benefit associated with the stock option compensation deductions will be credited to equity when realized."}
{"_id": "d8e8eef94", "title": "", "text": "| December 31, 2001 December 31, 2000 | Carrying Amount | Assets: | Foreign currency forwards and swaps, net | Energy derivatives, net | Liabilities: | Non-recourse debt | Recourse debt | Tecons | Interest rate swaps | Interest rate caps and floors, net | Preferred stock with mandatory redemption |"}
{"_id": "d87508bb6", "title": "", "text": "| Net Unrealized Gains (Losses) On Investments(1) Deferred Policy Acquisition Costs and Valuation of Business Acquired Future Policy Benefits Policyholders’ Dividends Deferred Income Tax (Liability) Benefit Accumulated Other Comprehensive Income (Loss) Related ToNet Unrealized Investment Gains (Losses) | (in millions) | Balance, December 31, 2003 | Net investment gains (losses) on investments arising during the period | Reclassification adjustment for (gains) losses included in net income | Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and valuation of business acquired | Impact of net unrealized investment (gains) losses on future policy benefits | Impact of net unrealized investment (gains) losses on policyholders’ dividends | Cumulative effect of accounting change | Balance, December 31, 2004 | Net investment gains (losses) on investments arising during the period | Reclassification adjustment for (gains) losses included in net income | Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and valuation of business acquired | Impact of net unrealized investment (gains) losses on future policy benefits | Impact of net unrealized investment (gains) losses on policyholders’ dividends | Balance, December 31, 2005 | Net investment gains (losses) on investments arising during the period | Reclassification adjustment for (gains) losses included in net income | Impact of net unrealized investment (gains) losses on deferred policy acquisition costs and valuation of business acquired | Impact of net unrealized investment (gains) losses on future policy benefits | Impact of net unrealized investment (gains) losses on policyholders’ dividends | Balance, December 31, 2006 | (in millions) | Balance as of December 31, 2017 | Purchases | Distributions | Gain (loss) | Balance as of December 31, 2018 |"}
{"_id": "d86ed2a94", "title": "", "text": "| Equity Instrument Common StockReserve Balance | 2.822% Convertible perpetual preferred | Long-term incentive plans | Total | Fourth Quarter | 2014 | 2013 | 2012 |"}
{"_id": "d8a89ea0c", "title": "", "text": "| Trusts Face Value Maturity Date Annual Interest Rate | ETBH Capital Trust II | ETBH Capital Trust I | ETBH Capital Trust V, VI, VIII | ETBH Capital Trust VII, IX—XII | ETBH Capital Trust XIII—XVIII, XX | ETBH Capital Trust XIX, XXI, XXII | ETBH Capital Trust XXIII—XXIV | ETBH Capital Trust XXV—XXX | Total |"}
{"_id": "d87f8a274", "title": "", "text": "credit facility, which was amended in 2013 and 2012.\nIn March 2014, the Company’s credit facility was further amended to extend the maturity date to March 2019.\nThe amount of the aggregate commitment is $3.990 billion (the “2014 credit facility”).\nThe 2014 credit facility permits the Company to request up to an additional $1.0 billion of borrowing capacity, subject to lender credit approval, increasing the overall size of the 2014 credit facility to an aggregate principal amount not to exceed $4.990 billion.\nInterest on borrowings outstanding accrues at a rate based on the applicable London Interbank Offered Rate plus a spread.\nThe 2014 credit facility requires the Company not to exceed a maximum leverage ratio (ratio of net debt to earnings before interest, taxes, depreciation and amortization, where net debt equals total debt less unrestricted cash) of 3 to 1, which was satisfied with a ratio of less than 1 to 1 at December 31, 2014.\nThe 2014 credit facility provides back-up liquidity, funds ongoing working capital for general corporate purposes and funds various investment opportunities.\nAt December 31, 2014, the Company had no amount outstanding under the 2014 credit facility.\nCommercial Paper Program.\nOn October 14, 2009, BlackRock established a commercial paper program (the “CP Program”) under which the Company could issue unsecured commercial paper notes (the “CP Notes”) on a private placement basis up to a maximum aggregate amount outstanding at any time of $3.0 billion.\nBlackRock increased the maximum aggregate amount that could be borrowed under the CP Program to $3.5 billion in 2011 and to $3.785 billion in 2012.\nIn April 2013, BlackRock increased the maximum aggregate amount for which the Company could issue unsecured CP Notes on a private-placement basis up to a maximum aggregate amount outstanding at any time of $3.990 billion.\nThe CP Program is currently supported by the 2014 credit facility.\nAt December 31, 2014, BlackRock had no CP Notes outstanding."}
{"_id": "d891759f2", "title": "", "text": "| Notional Amount as of December 31, Gain (Loss) Recognized in OCI Year Ended December 31, | 2017 | Foreign currency contracts | Foreign currency denominated debt | Total |"}
{"_id": "d89337d62", "title": "", "text": "Certain pretax charges related to asset impairments and restructurings during the fiscal years presented; and ?\nA net gain related to a partial extinguishment of our Euro-denominated 4.5% notes in Fiscal 2010.\nA summary of the effect of certain of these items on pretax income for each applicable fiscal year presented is noted below (references to Notes are to the notes to the accompanying audited consolidated financial statements):"}
{"_id": "d8a9f87a4", "title": "", "text": "| (Dollars in billions) 2010 2009 2008 | Distribution Solutions | Technology Solutions | Total |"}
{"_id": "d8ec72e68", "title": "", "text": "At December 31, 2006 and 2005, the fair values of cash and cash equivalents, receivables, notes payable, trade payables, short-term debt and the current installments of long-term debt approximate carrying values due to the short-term nature of these instruments.\nThese items have been excluded from the table.\nAdditionally, certain longterm receivables, principally insurance recoverables, are carried at net realizable value (See Note 25).\nIncluded in other assets are long-term marketable securities classified as available-for-sale.\nIn general, the cost investments included in the table above are not publicly traded and their fair values are not readily determinable; however, the Company believes that the carrying value approximates or is less than the fair value.\nThe fair value of long-term debt and debt-related financial instruments is estimated based upon the respective implied forward rates as of December 31, 2006 and 2005, as well as quotations from investment bankers and on current rates of debt for similar type instruments.25."}
{"_id": "d88995aa2", "title": "", "text": "| December 31 – dollars in millions 2012 2011 2010 2009 2008 | Nonperforming loans | Commercial | Commercial real estate | Equipment lease financing | Total commercial lending | Consumer (a) | Home equity (b) | Residential real estate (c) | Credit card (d) | Other consumer | Total consumer lending (e) | Total nonperforming loans (f) | OREO and foreclosed assets | Other real estate owned (OREO) (g) | Foreclosed and other assets | Total OREO and foreclosed assets | Total nonperforming assets | Nonperforming loans to total loans | Nonperforming assets to total loans, OREO and foreclosed assets | Nonperforming assets to total assets | Interest on nonperforming loans | Computed on original terms | Recognized prior to nonperforming status | Past due loans | Accruing loans past due 90 days or more (h) | As a percentage of total loans | Past due loans held for sale | Accruing loans held for sale past due 90 days or more (i) | As a percentage of total loans held for sale |"}
{"_id": "d88d15efc", "title": "", "text": "HOST HOTELS & RESORTS, INC. , HOST HOTELS & RESORTS, L. P. , AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) contracts.\nThese contracts are marked-to-market with changes in fair value recorded to other comprehensive income (loss).\nWe recorded a loss of $14 million and a gain of $6 million for the years ended December 31, 2017 and 2016, respectively.\nThe foreign currency forward sale contracts are valued based on the forward yield curve of the foreign currency to U. S.  dollar forward exchange rate on the date of measurement.\nWe also evaluate counterparty credit risk when we calculate the fair value of the derivatives.\nDuring 2017, in connection with the maturity of a foreign currency forward purchase contract with a total HOST HOTELS & RESORTS, INC. , HOST HOTELS & RESORTS, L. P. , AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS¡ª(Continued) contracts.\nThese contracts are marked-to-market with changes in fair value recorded to other comprehensive income (loss).\nWe recorded a loss of $14 million and a gain of $6 million for the years ended December 31, 2017 and 2016, respectively.\nThe foreign currency forward sale contracts are valued based on the forward yield curve of the foreign currency to U. S.  dollar forward exchange rate on the date of measurement.\nWe also evaluate counterparty credit risk when we calculate the fair value of the derivatives.\nDuring 2017, in connection with the maturity of a foreign currency forward purchase contract with a total notional amount of ¬15 million, for which we received total proceeds of approximately $4 million, we entered into a new foreign currency forward purchase contract with the same notional amount.\nWe also made payments totaling approximately $2 million to settle forward currency hedges with a total notional amount of NZ$45 million and ¬55 million.\nThe gain or loss related to the matured contracts is initially included in accumulated other comprehensive income and is recognized in earnings when the hedged investment has been repatriated.\nIn addition to the foreign currency forward sale contracts, we have designated $129 million of the foreign currency draws on our credit facility as hedges of net investments in foreign operations.\nChanges in fair value of the designated credit facility draws are recorded to foreign currency translation and other comprehensive income (loss) of unconsolidated affiliates.\nWe recorded a loss of $14 million and a gain of $2 million for the years ended December 31, 2017 and 2016, respectively.\nImpairment During 2017, we recorded an impairment loss of $43 million related to the W New York.\nThe fair value was based on the expected sale proceeds of the property, which is considered an unobservable input (Level 3) in the GAAP fair value hierarchy.\nThe fair value of the property on December 31, 2017, following the impairment loss, was $191 million.\nThe property was classified as held-for-sale as of December 31, 2017.\nOther Liabilities Fair Value of Other Financial Liabilities.\nWe did not elect the fair value measurement option for any of our other financial liabilities.\nThe fair values of secured debt and our credit facility are determined based on the expected future payments discounted at risk-adjusted rates.\nSenior notes are valued based on quoted market prices.\nThe fair values of financial instruments not included in this table are estimated to be equal to their carrying amounts.\nThe fair value of certain financial liabilities is shown below (in millions):"}
{"_id": "d89110b38", "title": "", "text": "| (in millions) 2007 2006 2005 | Total: | Fixed maturities, including short-term investments | Equity securities | Interest on mortgage and other loans | Partnership income — excluding Synfuels | Partnership loss — Synfuels | Unit investment trusts(a) | Other(b) | Total investment income before policyholder income and trading gains | Policyholder investment income and trading gains(c) | Total investment income | Investment expenses | Net investment income(d) |"}
{"_id": "d8a0a329e", "title": "", "text": "| Defined benefit pension plans | December 31, | (in millions) | Net gain/(loss) | Prior service credit/(cost) | Accumulated other comprehensive income/(loss), pretax, end of year | Pension plans | U.S. | Year ended December 31, (in millions) | Components of net periodic benefit cost | Benefits earned during the year | Interest cost on benefit obligations | Expected return on plan assets | Amortization: | Net (gain)/loss | Prior service cost/(credit) | Net periodic defined benefit cost | Other defined benefit pension plans(a) | Total defined benefit plans | Total defined contribution plans | Total pension and OPEB cost included in compensation expense | Changes in plan assets and benefit obligations recognized in other comprehensive income | Net (gain)/loss arising during the year | Prior service credit arising during the year | Amortization of net loss | Amortization of prior service (cost)/credit | Foreign exchange impact and other | Total recognized in other comprehensive income | Total recognized in net periodic benefit cost and other comprehensive income |"}
{"_id": "d8a4cf0ac", "title": "", "text": "| Triple-net lease rental revenue resulting from acquisitions— for the year ended December 31, | Property Type | (in thousands) | Senior housing | Other healthcare | Total |"}
{"_id": "d870a7798", "title": "", "text": "| 2014 2013 2012 | Cash and cash equivalents at beginning of year | Operating activities | Net earnings | Non-cash adjustments | Changes in working capital | Other, net | Net cash provided by operating activities | Net cash used for investing activities | Net cash used for financing activities | Net change in cash and cash equivalents | Cash and cash equivalents at end of year |"}
{"_id": "d812cfc10", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | CHANGE IN BENEFIT OBLIGATION | Benefit obligation at beginning of year | Service cost | Interest cost on accumulated postretirement benefit obligation | Amendments | Net actuarial loss/(gain) | Benefits paid and administrative expenses | Participant contributions | Medicare prescription subsidy | BENEFIT OBLIGATION AT END OF YEAR | CHANGE IN PLAN ASSETS | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contributions | EGWP payments | Participant contributions | Benefits paid | FAIR VALUE OF PLAN ASSETS AT END OF YEAR | FUNDED STATUS | Unrecognized net loss | Unrecognized prior service costs |"}
{"_id": "d8c8b5c46", "title": "", "text": "THE HERSHEY COMPANY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) · We base the risk-free interest rate for periods within the contractual life of the option on the U. S.  Treasury yield curve in effect at the time of grant.\n·“Expected lives” means the period of time that options granted are expected to be outstanding based primarily on historical data.\nStock Options The exercise price of each option equals the market price of the Company’s Common Stock on the date of grant.\nPrior to approval by our stockholders of the EICP on April 17, 2007, the exercise price of stock options granted under the former Key Employee Incentive Plan was determined as the closing price of our Common Stock on the New York Stock Exchange on the trading day immediately preceding the date the stock options were granted.\nFollowing approval of the EICP, the exercise price is the closing price of our Common Stock on the New York Stock Exchange on the date of the grant.\nEach option has a maximum term of ten years.\nOptions granted to executives and key employees prior to December 31, 1999, vested at the end of the second year after grant.\nIn 2000, we changed the terms and conditions of the grants to provide for pro-rated vesting over four years for options granted subsequent to December 31, 1999."}
{"_id": "d889a7f68", "title": "", "text": "ITEM 9  CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE (a) None.\n(b) None.\nITEM 9A  CONTROLS AND PROCEDURES (a) MANAGEMENTS REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING The management of The PNC Financial Services Group, Inc.  and subsidiaries (PNC) is responsible for establishing and maintaining adequate internal control over financial reporting, as such term is defined in the Exchange Act Rule 13a-15(f).\nBecause of inherent limitations, internal control over financial reporting may not prevent or detect misstatements.\nAlso, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.\nWe performed an evaluation under the supervision and with the participation of our management, including the Chairman and Chief Executive Officer and the Executive Vice President and Chief Financial Officer, of the effectiveness of PNCs internal control over financial reporting as of December 31, 2009.\nThis assessment was based on criteria for effective internal control over financial reporting described in Internal ControlIntegrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission.\nBased on this assessment, management concludes that PNC maintained effective internal control over financial reporting as of December 31, 2009.\nPricewaterhouseCoopers LLP, the independent registered public accounting firm that audited our consolidated financial statements as of and for the year ended December 31, 2009 included in this Report, has also issued a report on the effectiveness of PNCs internal control over financial reporting as of December 31, 2009.\nThe report of PricewaterhouseCoopers LLP is included under Item 8 of this Annual Report on Form 10-K.  (b) DISCLOSURE CONTROLS AND PROCEDURES AND CHANGES IN INTERNAL CONTROL OVER FINANCIAL REPORTING As of December 31, 2009, we performed an evaluation under the supervision and with the participation of our management, including the Chairman and Chief Executive Officer and the Executive Vice President and"}
{"_id": "d8a3a4236", "title": "", "text": "| % of Total | $ Change (In millions) | International | Corporate & Other | Reinsurance | Institutional | Auto & Home | Individual | Total change |"}
{"_id": "d8dded2a8", "title": "", "text": "Retail The Company opened 25 new retail stores during 2003, bringing the total number of open stores to 65 as of September 27, 2003, which compares to 40 open stores as of September 28, 2002 and 8 open stores as of September 29, 2001.\nDuring the first quarter of fiscal 2004, the Company opened 9 additional stores including its first international store in the Ginza in Tokyo, Japan.\nThe Retail segment’s net sales grew to $621 million during 2003 from $283 million in 2002 and from $19 million in 2001.\nThe $338 million or 119% increase in net sales during 2003 reflects the impact from opening 25 new stores in 2003, the full year impact of 2002 store openings, as well as an increase in average revenue per store.\nTotal Macintosh sales increased by approximately $170 million of which $108 million related to year-over-year increases in PowerBook sales.\nThe Retail segment has also contributed strongly to the increases in net sales of peripherals, software and services experienced by the Company during 2003.\nDuring 2003, approximately 45% of the Retail segment’s net sales came from the sale of Apple-branded and third-party peripherals, software and services as compared to 28% for the Company as a whole.\nWith an average of 54 stores open during 2003, the Retail segment achieved annualized revenue per store of approximately $11.5 million, as compared to approximately $10.2 million based on an average of 28 stores open in 2002.\nAs measured by the Company’s operating segment reporting, the Retail segment improved from a loss of $22 million during 2002 to a loss of $5 million during 2003.\nThis improvement is primarily attributable to the segment’s year-over-year increase in net sales, which resulted in higher leverage on occupancy, depreciation and other fixed costs.\nExpansion of the Retail segment has required and will continue to require a substantial investment in fixed assets and related infrastructure, operating lease commitments, personnel, and other operating expenses.\nCapital expenditures associated with the Retail segment since its inception totaled approximately $290 million through the end of fiscal 2003, $92 million of which was incurred during 2003.\nAs of September 27, 2003, the Retail segment had approximately 1,300 employees and had outstanding operating lease commitments associated with retail store space and related facilities of $354 million.\nThe Company would incur substantial costs should it choose to terminate its Retail segment or close individual stores.\nSuch costs could adversely affect the Company’s results of operations and financial condition.\nInvestment in a new business model such as the Retail segment is inherently risky, particularly in light of the significant investment involved, the current economic climate, and the fixed nature of a substantial portion of the Retail segment’s operating expenses."}
{"_id": "d86abb366", "title": "", "text": "| (In millions) 2007 2006 2005 2004 2003 | U.S.: | Commercial and financial | Lease financing | Total U.S. | Non-U.S.: | Commercial and financial | Lease financing | Total non-U.S. | Total loans | Average loans and lease financing |"}
{"_id": "d8120e466", "title": "", "text": "BROKERAGE AND ASSET MANAGEMENT Brokerage and Asset Management (BAM), which constituted approximately 6% of Citi Holdings by assets as of December 31, 2009, consists of Citis global retail brokerage and asset management businesses.\nThis segment was substantially affected and reduced in size in 2009 due to the divestitures of Smith Barney (to the Morgan Stanley Smith Barney joint venture (MSSB JV)) and Nikko Cordial Securities.\nAt December 31, 2009, BAM had approximately $35 billion of assets, which included $26 billion of assets from the 49% interest in the MSSB JV ($13 billion investment and $13 billion in loans associated with the clients of the MSSB JV) and $9 billion of assets from a diverse set of asset management and insurance businesses of which approximately half will be transferred into the LATAM RCB during the first quarter of 2010, as discussed under Citi Holdings above.\nMorgan Stanley has options to purchase Citis remaining stake in the MSSB JV over three years starting in 2012.\nThe 2009 results include an $11.1 billion gain ($6.7 billion after-tax) on the sale of Smith Barney."}
{"_id": "d8bcea362", "title": "", "text": "The Company has a series of agreements with various public entities (the “Partners”) to establish certain joint ventures, commonly referred to as “public-private partnerships.\n” Under the public-private partnerships, the Company constructed utility plant, financed by the Company and the Partners constructed utility plant (connected to the Company’s property), financed by the Partners.\nThe Company agreed to transfer and convey some of its real and personal property to the Partners in exchange for an equal principal amount of Industrial Development Bonds (“IDBs”), issued by the Partners under a state Industrial Development Bond and Commercial Development Act.\nThe Company leased back the total facilities, including portions funded by both the Company and the Partners, under leases for a period of 40 years.\nThe leases related to the portion of the facilities funded by the Company have required payments from the Company to the Partners that approximate the payments required by the terms of the IDBs from the Partners to the Company (as the holder of the IDBs)."}
{"_id": "d86a87584", "title": "", "text": "Notes to Consolidated Financial Statements The firm permanently reinvests eligible earnings of certain foreign subsidiaries and, accordingly, does not accrue any U. S.  income taxes that would arise if such earnings were repatriated.\nAs of December 2012 and December 2011, this policy resulted in an unrecognized net deferred tax liability of $3.75 billion and $3.32 billion, respectively, attributable to reinvested earnings of $21.69 billion and $20.63 billion, respectively.\nUnrecognized Tax Benefits The firm recognizes tax positions in the financial statements only when it is more likely than not that the position will be sustained on examination by the relevant taxing authority based on the technical merits of the position.\nA position that meets this standard is measured at the largest amount of benefit that will more likely than not be realized on settlement.\nA liability is established for differences between positions taken in a tax return and amounts recognized in the financial statements.\nAs of December 2012 and December 2011, the accrued liability for interest expense related to income tax matters and income tax penalties was $374 million and $233 million, respectively.\nThe firm recognized $95 million, $21 million and $28 million of interest and income tax penalties for the years ended December 2012, December 2011 and December 2010, respectively.\nIt is reasonably possible that unrecognized tax benefits could change significantly during the twelve months subsequent to December 2012 due to potential audit settlements, however, at this time it is not possible to estimate any potential change.\nThe table below presents the changes in the liability for unrecognized tax benefits.\nThis liability is included in Other liabilities and accrued expenses.\n See Note 17 for further information."}
{"_id": "d89392fbe", "title": "", "text": "Convertible Senior Notes On February 16, 2007, the Company issued $400.0 million principal amount of 0.625% Convertible Senior Notes due 2014 (the Notes), which included the exercise of the initial purchasers’ option to purchase up to an additional $50.0 million aggregate principal amount of Notes.\nThe net proceeds from the offering, after deducting the initial purchasers’ discount and offering expenses, were $390.3 million.\nThe Company will pay 0.625% interest per annum on the principal amount of the Notes, payable semi-annually in arrears in cash on February 15 and August 15 of each year.\nThe Company made interest payments of $1.3 million and $1.2 million on February 15, 2008 and August 15, 2008, respectively.\nThe Notes mature on February 15, 2014.\nThe Notes will be convertible into cash and, if applicable, shares of the Company’s common stock, $0.01 par value per share, based on a conversion rate, subject to adjustment, of 45.8058 shares per $1,000 principal amount of Notes (which represents a conversion price of $21.83 per share), only in the following circumstances and to the following extent: (1) during the five business-day period after any five consecutive trading period (the measurement period) in which the trading price per Note for each day of such measurement period was less than 97% of the product of the last reported sale price of the Company’s common stock and the conversion rate on each such day; (2) during any calendar quarter after the calendar quarter ending March 30, 2007, if the last reported sale price of the Company’s common stock for 20 or more trading days in a period of 30 consecutive trading days ending on the last trading day of the immediately"}
{"_id": "d8f55a6f2", "title": "", "text": "| At December 31, | (Dollars in thousands) | Balance at beginning of year | Liabilities assumed | Adjustments to reserves | Benefits paid in the current year | Balance at end of year | (Some amounts may not reconcile due to rounding.) | Years Ended December 31, | (Dollars in millions) | 2015 | Attritional | Catastrophes | Total segment | 2014 | Attritional | Catastrophes | Total segment | 2013 | Attritional | Catastrophes | Total segment | Variance 2015/2014 | Attritional | Catastrophes | Total segment | Variance 2014/2013 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8ae71240", "title": "", "text": "REVENUES The Companys revenues consist of sales by Company-operated restaurants and fees from restaurants operated by franchisees.\nRevenues from conventional franchised restaurants include rent and royalties based on a percent of sales along with minimum rent payments, and initial fees.\nRevenues from franchised restaurants that are licensed to affiliates and developmental licensees include a royalty based on a percent of sales, and generally include initial fees.\nOver the past three years, the Company has continued to optimize its restaurant ownership mix, cash flow and returns through its refranchising strategy.\nThe shift to a greater percent age of franchised restaurants negatively impacted consolidated revenues as Company-operated sales shifted to franchised sales, where the Company receives rent and/or royalties based on a percent of sales.\nIn 2010, constant currency revenue growth was driven by positive comparable sales.\nThe impact of refranchising on consolidated revenues lessened because the number of Companyoperated restaurants sold to franchisees has declined compared with 2009 and 2008, in line with our overall strategy.\nIn 2009, constant currency revenue growth was driven by positive comparable sales and expansion, partly offset by the impact of refranchising in certain of the Companys major markets."}
{"_id": "d8a348e68", "title": "", "text": "| 2008 2007 | Goodwill | Developed product technology — gross | Less accumulated amortization | Developed product technology — net | Other intangibles — gross | Less accumulated amortization | Other intangibles — net | Total intangibles — net |"}
{"_id": "d86875bba", "title": "", "text": "Contributions and Expected Benefit Payments The funding of our qualified defined benefit pension plans is determined in accordance with ERISA, as amended by the PPA, and in a manner consistent with CAS and Internal Revenue Code rules.\nThere were no contributions to our legacy qualified defined benefit pension plans during 2016.\nWe do not plan to make contributions to our legacy pension plans in 2017 because none are required using current assumptions including investment returns on plan assets.\nWe made $23 million in contributions during 2016 to our newly established Sikorsky pension plan and expect to make $45 million in contributions to this plan during 2017.\nThe following table presents estimated future benefit payments, which reflect expected future employee service, as of December 31, 2016 (in millions):"}
{"_id": "d82ba7170", "title": "", "text": "| 2006 2005 | Office | Industrial | Other | Total |"}
{"_id": "d8ef39656", "title": "", "text": "| December 31, | 2017 | (In Millions) | Entergy Arkansas | Entergy Louisiana | Entergy Mississippi | Entergy New Orleans | Entergy Texas | System Energy |"}
{"_id": "d8b569278", "title": "", "text": "| 2018 2019 2020 2021 2022 2023 – 2027 | Qualified defined benefit pension plans | Retiree medical and life insurance plans | 2006 Compared to 2005 Increase (Decrease) Due to Changes in | (Dollars in thousands) | Interest income: | Securities purchased under agreement to resell and other short-term investments | Investment securities | Loans | Increase in interest income, net | Interest expense: | NOW deposits | Regular money market deposits | Bonus money market deposits | Time deposits | Short-term borrowings | Contingently convertible debt | Junior subordinated debentures | Other long-term debt | Increase in interest expense, net | Increase in net interest income | Year Ended December 31, | (Dollars in thousands) | Assets (liabilities): | Equity warrant assets | Interest rate swap | Foreign exchange forward and option contracts | Total |"}
{"_id": "d886aa3b0", "title": "", "text": "Note 15  Share-Based Compensation and Other Compensation Arrangements Share-Based Compensation Our 2003 Incentive Stock Plan, as amended and restated effective February 21, 2011, permits awards of incentive stock options, non-qualified stock options, restricted stock, stock units, performance shares, performance units and other incentives to our employees, officers, consultants and independent contractors.\nThe aggregate number of shares of our stock available for issuance under the amended plan will not exceed 80,000,000 and no more than an aggregate of 16,000,000 shares are available for issuance as restricted stock awards.\nShares issued as a result of stock option exercises or conversion of stock unit awards will be funded out of treasury shares, except to the extent there are insufficient treasury shares, in which case new shares will be issued.\nWe believe we currently have adequate treasury shares to meet any requirements to issue shares during 2014.\nShare-based plans expense is primarily included in General and administrative expense since it is incentive compensation issued primarily to our executives.\nThe share-based plans expense and related income tax benefit were as follows:"}
{"_id": "d8d059844", "title": "", "text": "Other Debt During 2015, the Company acquired the beneficial interest in the trust owning the leased Naperville facility resulting in debt assumption of $100.2 million and the addition of $135.2 million in property, plant and equipment.\nCertain administrative, divisional, and research and development personnel are based at the Naperville facility.\nCash paid as a result of the transaction was $19.8 million.\nThe assumption of debt and the majority of the property, plant and equipment addition represented non-cash financing and investing activities, respectively.\nThe remaining balance on the assumed debt was settled in December 2017 and was reflected in the \"Other\" line of the table above at December 31, 2016.\nCovenants and Future Maturities The Company is in compliance with all covenants under the Company’s outstanding indebtedness at December 31, 2017.\nAs of December 31, 2017, the aggregate annual maturities of long-term debt for the next five years were:"}
{"_id": "d8cf80b70", "title": "", "text": "Principal Financial Group, Inc.  Notes to Consolidated Financial Statements — (continued) 1.\nNature of Operations and Significant Accounting Policies — (continued) If an internal replacement results in a substantially unchanged contract, the acquisition costs, sales inducements and unearned revenue associated with the new contract are not deferred.\nAll acquisition costs, sales inducements and unearned revenue associated with the new contract are immediately recognized in the period incurred.\nIn addition, the existing DPAC, sales inducement, or unearned revenue balance associated with the replaced contract is not written off, but instead is carried over to the new contract.\nLong-Term Debt Long-term debt includes notes payable, nonrecourse mortgages and other debt with a maturity date greater than one year at the date of issuance.\nCurrent maturities of long term debt are classified as long-term debt in our statement of financial position.\nReinsurance We enter into reinsurance agreements with other companies in the normal course of business.\nWe may assume reinsurance from or cede reinsurance to other companies.\nAssets and liabilities related to reinsurance ceded are reported on a gross basis.\nPremiums and expenses are reported net of reinsurance ceded.\nWe are contingently liable with respect to reinsurance ceded to other companies in the event the reinsurer is unable to meet the obligations it has assumed.\nAt December 31, 2007, 2006 and 2005, respectively, we had reinsured $19.9 billion, $21.7 billion and $21.2 billion of life insurance in force, representing 11%, 13%, and 14%, respectively, of total net life insurance in force through a single third-party reinsurer.\nTo minimize the possibility of losses, we regularly evaluate the financial condition of our reinsurers and monitor concentrations of credit risk.\nThe effects of reinsurance on premiums and other considerations and policy and contract benefits were as follows:"}
{"_id": "d86d9fe2e", "title": "", "text": "Information and User Access Fees.\nInformation and user access fees increased by $0.2 million or 3.8% to $6.3 million for the year ended December 31, 2009 from $6.0 million for the year ended December 31, 2008."}
{"_id": "d87515fc8", "title": "", "text": "unsecured term loan credit facility entered into in April 2015 (2015 Term Loan) which had $600 million outstanding as of December 31, 2016 and $750 million outstanding as of December 31, 2015.\nOur revolving credit facility and our term loan facilities require that we maintain certain financial covenants as outlined in Note F Borrowings and Credit Arrangements to our consolidated financial statements contained in Item 8 of this Annual Report.\nAs of and through December 31, 2016, we were in compliance with the required covenants.\nAny inability to maintain compliance with these covenants could require us to seek to renegotiate the terms of our credit facility or seek waivers from compliance with these covenants, both of which could result in additional borrowing costs.\nFurther, there can be no assurance that our lenders would agree to such new terms or grant such waivers.\nSenior Notes We had senior notes outstanding of $4.650 billion as of December 31, 2016 and as of December 31, 2015.\nOur senior notes were issued in public offerings, are redeemable prior to maturity and are not subject to any sinking fund requirements.\nOur senior notes are unsecured, unsubordinated obligations and rank on parity with each other.\nThese notes are effectively junior to borrowings under our credit and security facility, to the extent if borrowed by our subsidiaries, and to liabilities of our subsidiaries.\nOn January 12, 2017, we used our existing credit facilities to repay the $250 million plus interest of our senior notes due in January 2017.\nThe debt maturity schedule for the significant components of our debt obligations as of December 31, 2016 is as follows:"}
{"_id": "d8c7e0a00", "title": "", "text": "The Companies commitments to make payments in addition to these contractual commitments include their other liabilities reflected in their balance sheets, any funding obligations for their pension and other postretirement benefit plans, financial hedging activities, their collective bargaining agreements and Con Edisons guarantees of certain obligations of its businesses.\nSee Notes E, F, O and Guarantees in Note H to the financial statements in Item 8.\nCapital Resources Con Edison is a holding company that operates only through its subsidiaries and has no material assets other than its interests in its subsidiaries.\nCon Edison expects to finance its capital requirements primarily through internally-generated funds and the sale of its securities.\nThe company does not expect to need to issue additional common equity in 2013.\nCon Edisons ability to make payments on its external borrowings and dividends on its common shares is also dependent on its receipt of dividends from its subsidiaries or proceeds from the sale of its securities or its interests in its subsidiaries.\nFor information about restrictions on the payment of dividends by the Utilities and significant debt covenants, see Note C to the financial statements in Item 8.\nFor information on the Companies commercial paper program and revolving credit agreements with banks, see Note D to the financial statements in Item 8.\nThe Utilities may finance their operations, capital requirements and payment of dividends to Con Edison from internallygenerated funds (see Liquidity and Capital Resources  Cash Flows from Operating Activities in Item 7), contributions of equity capital from Con Edison and external borrowings.\nThe Companies expect to meet their 2013 external financing requirements, including for maturing securities, through the issuance of between $1,000 million and $1,500 million of longterm debt.\nThe Companies require access to the capital markets to fund capital requirements that are substantially in excess of available internally-generated funds.\nSee Capital Requirements, above.\nEach of the Companies believes that it will continue to be able to access capital, although capital market conditions may affect the timing of the Companies financing activities.\nThe Companies monitor the availability and costs of various forms of capital, and will seek to issue Con Edison common stock and other securities when it is necessary or advantageous to do so.\nFor information about the Companies long-term debt and short-term borrowing, see Notes C and D to the financial statements in Item 8.\nIn 2012, the NYSPSC authorized CECONY, through 2016, to issue up to $3,500 million of debt securities and to issue up to $2,500 million of debt securities to refund existing debt securities.\nAt December 31, 2012, CECONY had not issued any securities pursuant to such authorization.\nIn 2009, the NYSPSC authorized O&R, through 2013, to issue up to $500 million of securities (of which up to $100 million may be preferred stock and up to the entire amount authorized may be debt securities) and to issue up to $389 million of debt securities to refund existing debt securities.\nAt December 31, 2012, O&R had issued $190 million of debt securities pursuant to such authorization.\nCon Edisons competitive energy businesses have financed their operations and capital requirements primarily with capital contributions and borrowings from Con Edison, internallygenerated funds and external borrowings.\nCon Edison Development is evaluating long-term debt financing for the solar projects it acquired in 2012.\nFor each of the Companies, the ratio of earnings to fixed charges (SEC basis) for the last five years was:"}
{"_id": "d8acf01c8", "title": "", "text": "EDWARDS LIFESCIENCES CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 13.\nCOMMON STOCK (Continued) The Company also maintains the Nonemployee Directors Stock Incentive Compensation Program (the Nonemployee Directors Program).\nUnder the Nonemployee Directors Program, each nonemployee director may receive annually up to 20,000 stock options or 8,000 restricted stock units of the Companys common stock, or a combination thereof, provided that in no event may the total value of the combined annual award exceed $0.2 million.\nEach option and restricted stock unit award granted in 2011 or prior generally vests in three equal annual installments.\nEach option and restricted stock unit award granted after 2011 generally vests after one year.\nAdditionally, each nonemployee director may elect to receive all or a portion of the annual cash retainer to which the director is otherwise entitled through the issuance of stock options or restricted shares.\nEach option received as a deferral of the cash retainer immediately vests on the grant date, and each restricted share award vests after one year.\nUpon a directors initial election to the Board, the director receives an initial grant of stock options equal to a fair market value on grant date of $0.2 million, not to exceed 10,000 shares.\nThese grants vest over three years from the date of grant.\nUnder the Nonemployee Directors Program, an aggregate of 1.4 million shares of the Companys common stock has been authorized for issuance.\nThe Company has an employee stock purchase plan for United States employees and a plan for international employees (collectively ESPP).\nUnder the ESPP, eligible employees may purchase shares of the Companys common stock at 85% of the lower of the fair market value of Edwards Lifesciences common stock on the effective date of subscription or the date of purchase.\nUnder the ESPP, employees can authorize the Company to withhold up to 12% of their compensation for common stock purchases, subject to certain limitations.\nThe ESPP is available to all active employees of the Company paid from the United States payroll and to eligible employees of the Company outside the United States, to the extent permitted by local law.\nThe ESPP for United States employees is qualified under Section 423 of the Internal Revenue Code.\nThe number of shares of common stock authorized for issuance under the ESPP was 6.9 million shares.\nThe fair value of each option award and employee stock purchase subscription is estimated on the date of grant using the Black-Scholes option valuation model that uses the assumptions noted in the following tables.\nThe risk-free interest rate is estimated using the U. S.  Treasury yield curve and is based on the expected term of the award.\nExpected volatility is estimated based on a blend of the weighted-average of the historical volatility of Edwards Lifesciences stock and the implied volatility from traded options on Edwards Lifesciences stock.\nThe expected term of awards granted is estimated from the vesting period of the award, as well as historical exercise behavior, and represents the period of time that awards granted are expected to be outstanding.\nThe Company uses historical data to estimate forfeitures and has estimated an annual forfeiture rate of 5.4%.\nThe Black-Scholes option pricing model was used with the following weighted-average assumptions for options granted during the following periods: Option Awards"}
{"_id": "d88116bf6", "title": "", "text": "| (in millions) GAAP Basis Impact on Cash Flows of Consolidated Sponsored Investment Funds Cash Flows Excluding Impact of Consolidated Sponsored Investment Funds | Cash and cash equivalents, December 31, 2013 | Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Effect of exchange rate changes on cash and cash equivalents | Net change in cash and cash equivalents | Cash and cash equivalents, December 31, 2014 | Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Effect of exchange rate changes on cash and cash equivalents | Net change in cash and cash equivalents | Cash and cash equivalents, December 31, 2015 |"}
{"_id": "d8ae49b14", "title": "", "text": "SELECTED FINANCIAL DATA The selected earnings data, per share data and balance sheet data for each of the five most recent years ended December 31 set forth below, have been derived from our audited consolidated financial statements.\nThe following data should be read in conjunction with our consolidated financial statements and notes to consolidated financial statements in Item 8 \"Financial Statements and Supplementary Data. \""}
{"_id": "d812ed51c", "title": "", "text": "Table of Contents Contractual Obligations We have various financial obligations that require future cash payments.\nThe following table outlines the timing of payment requirements related to our commitments as of December 31, 2011:"}
{"_id": "d869ea39c", "title": "", "text": "| Net Sales Year-end Assets | (Dollars in Millions) | United States | Europe, Middle East and Africa | Other Western Hemisphere | Pacific | Total |"}
{"_id": "d89e77600", "title": "", "text": "| Year ended December 31, | 2016 | (in millions) | Annualized new business premiums: | On an actual exchange rate basis: | Life Planner operations | Gibraltar Life | Total | On a constant exchange rate basis: | Life Planner operations | Gibraltar Life | Total |"}
{"_id": "d866ce140", "title": "", "text": "| Plan Category Number Of Securities To Be Issued Upon ExerciseOf Outstanding Options, Warrants And Rights (a) Weighted-Average Exercise Price Of Outstanding Options, WarrantsAnd Rights (b) Number Of Securities Remaining Available For Future Issuance UnderEquity Compensation Plans (excluding securities reflected in column (a)) (c) | Equity compensation plans approved by security holders-1 | Equity compensation plans not approved by security holders-2 | Total |"}
{"_id": "d8e41aaea", "title": "", "text": "| As of December 31, 2014 | Ownership | (In percentages) | InfraServ GmbH & Co. Gendorf KG | InfraServ GmbH & Co. Hoechst KG | InfraServ GmbH & Co. Knapsack KG |"}
{"_id": "d8a597944", "title": "", "text": "| Cash $429 | Inventory, including fair value adjustments | Other tangible assets | Accounts payable and accrued expenses | Deferred revenue, including fair value adjustments | Developed technology | In-process research and development | Trade names | Non-compete agreements | Deferred taxes, net | Goodwill | Purchase Price |"}
{"_id": "d89dea9c6", "title": "", "text": "| 2009 2008 | Financial Services Business | ASSETS | Fixed maturities, available for sale, at fair value | Fixed maturities, held to maturity, at amortized cost | Trading account assets supporting insurance liabilities, at fair value | Other trading account assets, at fair value | Equity securities, available for sale, at fair value | Commercial mortgage and other loans | Policy loans | Securities purchased under agreements to resell | Other long-term investments | Short-term investments | Total investments | Cash and cash equivalents | Accrued investment income | Deferred policy acquisition costs | Deferred income taxes, net | Other assets | Separate account assets | TOTAL ASSETS | LIABILITIES AND EQUITY | LIABILITIES | Future policy benefits | Policyholders’ account balances | Policyholders’ dividends | Securities sold under agreements to repurchase | Cash collateral for loaned securities | Income taxes | Short-term debt | Long-term debt | Other liabilities | Separate account liabilities | Total liabilities | COMMITMENTS AND CONTINGENT LIABILITIES | EQUITY | Accumulated other comprehensive income (loss) | Other attributed equity | Total attributed equity | Noncontrolling interests | Total equity | TOTAL LIABILITIES AND EQUITY |"}
{"_id": "d8dded370", "title": "", "text": "Department of Labor Fiduciary Rule Our Individual Retirement and Group Retirement operating segments provide products and services to certain employee benefit plans that are subject to restrictions imposed by ERISA and the Internal Revenue Code, including the requirements of the DOL Fiduciary Rule.\nFor additional information about the DOL Fiduciary Rule, see Part I, Item 1.  Business – Regulation.\nWe have been analyzing the DOL Fiduciary Rule’s potential impact on our customers, distribution partners, financial advisors and our Individual Retirement and Group Retirement businesses, and preparing to implement the necessary adjustments to achieve compliance with the DOL Fiduciary Rule.\nOverall, the DOL Fiduciary Rule as currently promulgated would result in increased compliance costs and, as currently promulgated, may create increased exposure to legal claims under certain circumstances, including class actions.\nThe DOL has also issued interpretive guidance on the DOL Fiduciary Rule, and we are evaluating whether or not this guidance would affect the actions we would need to take to comply with the DOL Fiduciary Rule.\nOn February 3, 2017, the new administration issued a memo requiring the DOL to review the DOL Fiduciary Rule and determine whether the DOL Fiduciary Rule will adversely impact the ability of retirement savers to access information and financial advice.\nAccordingly, the DOL announced that it would consider legal options for postponing the applicability date of the DOL Fiduciary Rule while the DOL considers the issues raised in the referenced memo.\nWe are closely following the DOL’s pronouncements about further delays to the DOL Fiduciary Rule’s effective date."}
{"_id": "d8ef54ba4", "title": "", "text": "CREDIT RISK MANAGEMENT Credit risk is the risk of loss from obligor or counterparty default.\nThe Firm provides credit (for example, through loans, lending-related commitments and derivatives) to customers of all sizes, from large corporate clients to the individual consumer.\nThe Firm manages the risk/reward relationship of each credit extension and discourages the retention of assets that do not generate a positive return above the cost of the Firms risk-adjusted capital.\nIn addition, credit risk management includes the distribution of the Firms wholesale syndicated loan originations into the marketplace (primarily to IB clients), with retained exposure held by the Firm averaging less than 10%.\nWholesale loans generated by CB and AM are generally retained on the balance sheet.\nWith regard to the consumer credit market, the Firm focuses on creating a portfolio that is diversified from both a product and a geographic perspective.\nWithin the mortgage business, originated loans are either retained in the mortgage portfolio, or securitized and sold selectively to U. S.  government agencies and U. S.  government-sponsored enterprises.\nCredit risk organization Credit risk management is overseen by the Chief Risk Officer and implemented within the lines of business.\nThe Firms credit risk management governance consists of the following functions: ?\nestablishing a comprehensive credit risk policy framework ?\ncalculating the allowance for credit losses and ensuring appropriate credit risk-based capital management ?\nassigning and managing credit authorities in connection with the approval of all credit exposure ?\nmonitoring and managing credit risk across all portfolio segments ?\nmanaging criticized exposures Risk identification The Firm is exposed to credit risk through lending and capital markets activities.\nCredit risk management works in partnership with the business segments in identifying and aggregating exposures across all lines of business.\nRisk measurement To measure credit risk, the Firm employs several methodologies for estimating the likelihood of obligor or counterparty default.\nLosses generated by consumer loans are more predictable than wholesale losses, but are subject to cyclical and seasonal factors.\nAlthough the frequency of loss is higher on consumer loans than on wholesale loans, the severity of loss is typically lower and more manageable on a portfolio basis.\nAs a result of these differences, methodologies for measuring credit risk vary depending on several factors, including type of asset (e. g. , consumer installment versus wholesale loan), risk measurement parameters (e. g. , delinquency status and credit bureau score versus wholesale risk rating) and risk management and collection processes (e. g. , retail collection center versus centrally managed workout groups).\nCredit risk measurement is based upon the amount of exposure should the obligor or the counterparty default, the proba"}
{"_id": "d8ce7fcda", "title": "", "text": "| 2016 2015 2014 | Expected term (in years)(1) | Risk-free rate of return-2 | Expected volatility-3 | Expected dividend yield-4 | Fair value per option granted |"}
{"_id": "d861f43cc", "title": "", "text": "| Years Ended December 31, | (in millions) | Operating Revenues | Operating Expenses | Operation, maintenance and other | Depreciation and amortization | Property and other taxes | Impairment charges | Total operating expenses | Gains on Sales of Other Assets and Other, net | Operating Loss | Other Income and Expenses | Interest Expense | Loss Before Income Taxes | Income Tax Benefit | Less: Loss Attributable to Noncontrolling Interests | Segment Income | Renewable plant production, GWh | Net proportional MW capacity in operation |"}
{"_id": "d86052082", "title": "", "text": "Stock Performance Graph At least annually, we consider which companies comprise a readily identifiable investment peer group.\nMcDonald's is included in published restaurant indices; however, unlike most other companies included in these indices, which have no or limited international operations, McDonald's does business in more than 100 countries and a substantial portion of our revenues and income is generated outside the U. S.  In addition, because of our size, McDonald's inclusion in those indices tends to skew the results.\nTherefore, we believe that such a comparison is not meaningful.\nOur market capitalization, trading volume and importance in an industry that is vital to the U. S.  economy have resulted in McDonald's inclusion in the Dow Jones Industrial Average (DJIA) since 1985.\nLike McDonald's, many DJIA companies generate meaningful revenues and income outside the U. S.  and some manage global brands.\nThus, we believe that the use of the DJIA companies as the group for comparison purposes is appropriate.\nThe following performance graph shows McDonald's cumulative total shareholder returns (i. e. , price appreciation and reinvestment of dividends) relative to the Standard & Poor's 500 Stock Index (S&P 500 Index) and to the DJIA companies for the five-year period ended December 31, 2017.\nThe graph assumes that the value of an investment in McDonald's common stock, the S&P 500 Index and the DJIA companies (including McDonald's) was $100 at December 31, 2012.\nFor the DJIA companies, returns are weighted for market capitalization as of the beginning of each period indicated.\nThese returns may vary from those of the Dow Jones Industrial Average Index, which is not weighted by market capitalization, and may be composed of different companies during the period under consideration."}
{"_id": "d8f57df12", "title": "", "text": "| 2006 2005 2004 | Processing and services revenues | Cost of revenues | Gross profit | Selling, general and administrative expenses | Research and development costs | Operating income |"}
{"_id": "d8d3fbbaa", "title": "", "text": "| Fourth Quarter Change | (dollar amounts in thousands) | Personnel costs | Outside data processing and other services | Net occupancy | Equipment | Deposit and other insurance expense | Professional services | Marketing | Amortization of intangibles | OREO and foreclosure expense | Loss (Gain) on early extinguishment of debt | Other expense | Total noninterest expense | Full-time equivalent employees, at period-end |"}
{"_id": "d89bb4e18", "title": "", "text": "| SPP Total Portfolio | 2016 | Rental revenues-1 | HCP share of unconsolidated JV revenues | Operating expenses | HCP share of unconsolidated JV share of operating expenses | NOI | Non-cash adjustments to NOI | Adjusted NOI | Non-SPP adjusted NOI | SPP adjusted NOI | Adjusted NOI % change | Property count-2 | Average occupancy | Average occupied sq. ft. | Average annual total revenues per occupied sq. ft. | Average annual rental revenues per occupied sq. ft. |"}
{"_id": "d89a2567e", "title": "", "text": "Voluntary Option Exchanges—In February 2004, the Company issued to eligible employees 1,064,353 options with an exercise price of $11.19 per share.\nThese options were issued in connection with a voluntary option exchange program entered into by the Company in August 2003, pursuant to which the Company accepted for surrender and cancelled options to purchase a total of 1,881,981 shares of its Class A common stock having an exercise price of $10.25 or greater.\nThe program, which was offered to both full and part-time employees,"}
{"_id": "d867e1528", "title": "", "text": "There is no established public trading market for Simon’s Class B common stock.\nDividends on the Class B common stock are identical to the common stock.\nHolders The number of holders of record of common stock outstanding was 1,208 as of February 14, 2017.\nThe Class B common stock is subject to two voting trusts as to which Herbert Simon and David Simon are the trustees.\nShares of Class B common stock convert automatically into an equal number of shares of common stock upon the occurrence of certain events and can be converted into shares of common stock at the option of the holders.\nDividends We must pay a minimum amount of dividends to maintain Simon’s status as a REIT.\nSimon’s future dividends and future distributions of the Operating Partnership will be determined by Simon’s Board of Directors, in its sole discretion, based on actual and projected financial condition, liquidity and results of operations, cash available for dividends and limited partner distributions, cash reserves as deemed necessary for capital and operating expenditures, financing covenants, if any, and the amount required to maintain Simon’s status as a REIT.\nCommon stock cash dividends during 2016 aggregated $6.50 per share.\nCommon stock cash dividends during 2015 aggregated $6.05 per share.\nIn January 2017, Simon’s Board of Directors declared a quarterly cash dividend of $1.75 per share of common stock payable on February 28, 2017 to stockholders of record on February 14, 2017.\nWe offer a dividend reinvestment plan that allows Simon’s stockholders to acquire additional shares by automatically reinvesting cash dividends.\nShares are acquired pursuant to the plan at a price equal to the prevailing market price of such shares, without payment of any brokerage commission or service charge."}
{"_id": "d8165917e", "title": "", "text": "| As of December 31, 2013 (In thousands) | Current assets from discontinued operations | Noncurrent assets from discontinued operations | Current liabilities from discontinued operations | Long-term liabilities from discontinued operations | Net assets from discontinued operations | 2014 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | 2013 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | As of December 31, | Balance Sheet Data | (In thousands) | Cash, cash equivalents and current marketable investment securities | Total assets | Long-term debt and capital lease obligations (including current portion) | Total stockholders’ equity (deficit) | For the Years Ended December 31, | Statements of Operations Data | (In thousands, except per share amounts) | Total revenue | Total costs and expenses | Operating income (loss) | Net income (loss) attributable to DISH Network | Basic net income (loss) per share attributable to DISH Network | Diluted net income (loss) per share attributable to DISH Network |"}
{"_id": "d8a626afe", "title": "", "text": "| (Millions) 2012 2011 2010 | Royalty income | Share of net earnings of equity affiliates (See Note 5) | Gain on sale of assets | Other | Total |"}
{"_id": "d8ce5476a", "title": "", "text": "| 2007 2006 2005 | (In millions) | Amortization of acquired intangibles |"}
{"_id": "d88dbe5de", "title": "", "text": "| Fair  Value Weighted- Average Prepayment Speed Weighted- Average Discount Rate Annual Expected Credit Defaults | (Dollars in thousands) | Retained subordinated interests: | As of securitization date | As of December 31, 2004 | Impact on fair value of 10% adverse change | Impact on fair value of 20% adverse change |"}
{"_id": "d8b39b0d6", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements Unsecured Short-term and Long-term Borrowings.\nThe significant inputs to the valuation of unsecured shortterm and long-term borrowings at fair value are the amount and timing of expected future cash flows, interest rates, the credit spreads of the firm, as well as commodity prices in the case of prepaid commodity transactions.\nThe inputs used to value the embedded derivative component of hybrid financial instruments are consistent with the inputs used to value the firms other derivative instruments.\nSee Note 7 for further information about derivatives, Note 15 for further information about unsecured short-term borrowings, and Note 16 for further information about long-term borrowings.\nCertain of the firms unsecured short-term and long-term borrowings are classified in level 3, substantially all of which are hybrid financial instruments.\nAs the significant unobservable inputs used to value hybrid financial instruments primarily relate to the embedded derivative component of these borrowings, these inputs are incorporated in the firms derivative disclosures related to unobservable inputs in Note 7.\nCustomer and Other Receivables.\nCustomer and other receivables at fair value primarily consist of prepaid commodity transactions and transfers of assets accounted for as secured loans rather than purchases.\nThe significant inputs to the valuation of such receivables are commodity prices, interest rates, the amount and timing of expected future cash flows and funding spreads.\nAs of both December 2018 and December 2017, the firms level 3 customer and other receivables were not material.\nDeposits.\nThe significant inputs to the valuation of time deposits are interest rates and the amount and timing of future cash flows.\nThe inputs used to value the embedded derivative component of hybrid financial instruments are consistent with the inputs used to value the firms other derivative instruments.\nSee Note 7 for further information about derivatives and Note 14 for further information about deposits.\nThe firms deposits that are classified in level 3 are hybrid financial instruments.\nAs the significant unobservable inputs used to value hybrid financial instruments primarily relate to the embedded derivative component of these deposits, these inputs are incorporated in the firms derivative disclosures related to unobservable inputs in Note 7."}
{"_id": "d8c6c1732", "title": "", "text": "| Return Periods (in years) 1 in 20 1 in 50 1 in 100 1 in 250 1 in 500 1 in 1,000 | Exceeding Probability | (Dollars in millions) | Zone/ Peril | Southeast U.S., Wind | California, Earthquake | Texas, Wind |"}
{"_id": "d86fac532", "title": "", "text": "(15)Divestitures and Discontinued Operations On December 7, 2016, the Company entered into a definitive agreement to sell the SunGard Public Sector and Education (\"PS&E\") businesses for $850 million.\nThe transaction included all PS&E solutions, which provide a comprehensive set of technology solutions to address public safety and public administrationn needs of government entities as well as the needs of K-12 school districts.\nThe divestiture is consistent with our strategy to serve the financial services markets.\nWe received cash proceeds, net of taxes and transaction-related expenses of approximately $500 million.\nNet cash proceeds are expected to be used to reduce outstanding debt (see Note 10).\nThe PS&E businesses are included in the Corporate and Other segment.\nThe transaction closed on February 1, 2017, resulting in an expected pre-tax gain ranging from $85 million to $90 million that will"}
{"_id": "d8ef7fa3e", "title": "", "text": "| December 31, | 2003 | (Dollars in thousands) | Nonperforming assets: | Loans past due 90 days or more | Nonaccrual loans | Total nonperforming assets | Nonperforming loans as a percent of total gross loans | Nonperforming assets as a percent of total assets | Allowance for loan losses | As a percent of total gross loans | As a percent of nonaccrual loans | As a percent of nonperforming loans | (for the year ended December 31, in millions) | Average investments (a) | Net investment income | Average pretax yield (b) | Average pretax equivalent yield (b) | Average aftertax yield (b) |"}
{"_id": "d8e8ef03e", "title": "", "text": "| December 31, 2011 | Direct | (In millions) | Assets: | Premiums, reinsurance and other receivables | Deferred policy acquisition costs and value of business acquired | Total assets | Liabilities: | Future policy benefits | Policyholder account balances | Other policy-related balances | Other liabilities | Total liabilities |"}
{"_id": "d882b60a6", "title": "", "text": "2025 Notes.\nIn May 2015, the Company issued ¬700 million of 1.25% senior unsecured notes maturing on May 6, 2025 (the ¡°2025 Notes¡±).\nThe notes are listed on the New York Stock Exchange.\nThe net proceeds of the 2025 Notes were used for general corporate purposes, including refinancing of outstanding indebtedness.\nInterest of approximately $10 million per year based on current exchange rates is payable annually on May 6 of each year.\nThe 2025 Notes may be redeemed in whole or in part prior to maturity at any time at the option of the Company at a ¡°make-whole¡± redemption price.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2025 Notes.\nUpon conversion to U. S.  dollars the Company designated the ¬700 million debt offering as a net investment hedge to offset its currency exposure relating to its net investment in certain euro functional currency operations.\nA gain of $19 million, net of tax, was recognized in other comprehensive income for 2015.\nNo hedge ineffectiveness was recognized during 2015.2024 Notes.\nIn March 2014, the Company issued $1.0 billion in aggregate principal amount of 3.50% senior unsecured and unsubordinated notes maturing on March 18, 2024 (the ¡°2024 Notes¡±).\nThe net proceeds of the 2024 Notes were used to refinance certain indebtedness which matured in the fourth quarter of 2014.\nInterest is payable semi-annually in arrears on March 18 and September 18 of each year, or approximately $35 million per year.\nThe 2024 Notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a ¡°make-whole¡± redemption price.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2024 Notes.2022 Notes.\nIn May 2012, the Company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations.\nThese notes were issued as two separate series of senior debt securities, including $750 million of 1.375% notes, which were repaid in June 2015 at maturity, and $750 million of 3.375% notes maturing in June 2022 (the ¡°2022 Notes¡±).\nNet proceeds were used to fund the repurchase of BlackRock¡¯s common stock and Series B Preferred from Barclays and affiliates and for general corporate purposes.\nInterest on the 2022 Notes of approximately $25 million per year, respectively, is payable semi-annually on June 1 and December 1 of each year, which commenced December 1, 2012.\nThe 2022 Notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a ¡°make-whole¡± redemption price.\nThe ¡°make-whole¡± redemption price represents a price, subject to the specific terms of the 2022 Notes and related indenture, that is the greater of (a) par value and (b) the present value of future payments that will not be paid because of an early redemption, which is discounted at a fixed spread over a"}
{"_id": "d8e561430", "title": "", "text": "product management, business development and client service.\nOur alternatives products fall into two main categories  core, which includes hedge funds, funds of funds (hedge funds and private equity) and real estate offerings, and currency and commodities.\nThe products offered under the BAI umbrella are described below.\nCore.  ?\nHedge Funds ended the year with $26.6 billion in AUM, down $1.4 billion as net inflows into singlestrategy hedge funds of $1.0 billion were more than offset by return of capital on opportunistic funds.\nMarket valuation gains contributed $1.1 billion to AUM growth.\nHedge fund AUM includes a variety of single-strategy, multi-strategy, and global macro, as well as portable alpha, distressed and opportunistic offerings.\nProducts include both open-end hedge funds and similar products, and closed-end funds created to take advantage of specific opportunities over a defined, often longerterm investment horizon.  ?\nFunds of Funds AUM increased $6.3 billion, or 28%, to $29.1 billion at December 31, 2012, including $17.1 billion in funds of hedge funds and hybrid vehicles and $12.0 billion in private equity funds of funds.\nGrowth largely reflected $6.2 billion of assets from SRPEP as we expanded our fund of funds product offerings and further engage in European and Asian markets.  ?\nReal Estate and Hard Assets AUM totaled $12.7 billion, down $0.1 billion, or 1%, reflecting $0.6 billion in client net redemptions and distributions and $0.5 billion in portfolio valuation gains.\nOfferings include high yield debt and core, value-added and opportunistic equity portfolios and renewable power funds.\nWe continued to expand our real estate platform and product offerings with the launch of our first U. S.  real estate investment trust (REIT) mutual fund and addition of an infrastructure debt team to further increase and diversify our offerings within global infrastructure investing Currency and Commodities.\nAUM in currency and commodities strategies totaled $41.4 billion at year-end 2012, flat from year-end 2011, reflecting net outflows of $1.5 billion, primarily from active currency and currency overlays, and $0.8 billion of market and foreign exchange gains.\nClaymore also contributed $0.9 billion of AUM.\nCurrency and commodities products include a range of active and passive products.\nOur iShares commodities products represented $24.3 billion of AUM, including $0.7 billion acquired from Claymore, and are not eligible for performance fees.\nCash Management Cash management AUM totaled $263.7 billion at December 31, 2012, up $9.1 billion, or 4%, from year-end 2011.\nCash management products include taxable and tax-exempt money market funds and customized separate accounts.\nPortfolios may be denominated in U. S.  dollar, Euro or British pound.\nAt year-end 2012, 84% of cash AUM was managed for institutions and 16% for retail and HNW investors.\nThe investor base was also predominantly in the Americas, with 69% of AUM managed for investors in the Americas and 31% for clients in other regions, mostly EMEA-based.\nWe generated net inflows of $5.0 billion during 2012, reflecting continued uncertainty around future regulatory changes and a challenging investing environment.\nTo meet investor needs, we sought to provide new solutions and choices for our clients by launching short duration products in the United States, which both immediately address the challenge of a continuing low interest rate environment and will also be important investment options should regulatory changes occur.\nIn the EMEA business, and in particular for our Euro product set, we have taken action to ensure that we can provide effective cash management solutions in the face of a potentially negative yield environment by taking steps to launch new products and re-engineer our existing product set."}
{"_id": "d8e2e89e2", "title": "", "text": "| Years Ended | September 26, 2009 | Amount | Total Revenues | Operating Loss |"}
{"_id": "d8e162276", "title": "", "text": "| 2013 2012-1 2011-1 | (dollars in millions) | Net revenues: | Transactional | Asset management | Net interest | Other | Net revenues | 2017 | $ in millions | Total non-interest revenues | Interest income | Interest expense | Net interest | Net revenues | Income from continuing operations before income taxes | Provision for income taxes3 | Income from continuing operations | Income (loss) from discontinued operations, net of incometaxes | Net income | Net income applicable to noncontrolling interests | Net income applicable to Morgan Stanley | 2016 | $ in millions | Total non-interest revenues | Interest income | Interest expense | Net interest | Net revenues | Income from continuing operations before income taxes | Provision for income taxes3 | Income from continuing operations | Income (loss) from discontinued operations, net of incometaxes | Net income | Net income (loss) applicable to noncontrolling interests | Net income applicable to Morgan Stanley | 2015 | $ in millions | Totalnon-interest revenues | Interest income | Interest expense | Net interest | Net revenues | Income from continuing operations before income taxes | Provision for income taxes3 | Income from continuing operations | Income (loss) from discontinued operations, net of incometaxes | Net income | Net income applicable to noncontrolling interests | Net income applicable to Morgan Stanley | 2017 | U.S. GAAP | Adjusted effective income taxrate—non-GAAP1 |"}
{"_id": "d8f7276c4", "title": "", "text": "Certain Investments in Private Equity and Real Estate Ventures and Certain Equity Method and Other Investments Citigroup invests in private equity and real estate ventures for the purpose of earning investment returns and for capital appreciation.\nThe Company has elected the fair value option for certain of these ventures, because such investments are considered similar to many private equity or hedge fund activities in Citi’s investment companies, which are reported at fair value.\nThe fair value option brings consistency in the accounting and evaluation of these investments.\nAll investments (debt and equity) in such private equity and real estate entities are accounted for at fair value.\nThese investments are classified as Investments on Citigroup’s Consolidated Balance Sheet.\nChanges in the fair values of these investments are classified in Other revenue in the Company’s Consolidated Statement of Income.\nCitigroup also elected the fair value option for certain non-marketable equity securities whose risk is managed with derivative instruments that are accounted for at fair value through earnings.\nThese securities are classified as Trading account assets on Citigroup’s Consolidated Balance Sheet.\nChanges in the fair value of these securities and the related derivative instruments are recorded in Principal transactions.\nEffective January 1, 2018 under ASU 2016-01 and ASU 2018-03, a fair value option election is no longer required to measure these non-marketable equity securities through earnings.\nSee Note 1 to the Consolidated Financial Statements for additional details."}
{"_id": "d82bda1a6", "title": "", "text": "| December 31, | 2011 | Pre-and Post-Medicare eligible claims |"}
{"_id": "d8b34ce4a", "title": "", "text": "| As of December | $ in millions | Cash instruments | Derivatives | Other financial assets | Total |"}
{"_id": "d88cf8b86", "title": "", "text": "| 2016 Quarters 2015 Quarters | (Dollars in millions) | Average balance sheet | Total loans and leases | Total assets | Total deposits | Long-term debt | Common shareholders’ equity | Total shareholders’ equity | Asset quality-3 | Allowance for credit losses-4 | Nonperforming loans, leases and foreclosed properties-5 | Allowance for loan and lease losses as a percentage of total loans and leases outstanding-5, 6 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases-5, 6 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases, excluding the PCI loan portfolio-5, 6 | Amounts included in allowance for loan and lease losses for loans and leases that are excluded from nonperforming loans and leases-7 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases, excluding the allowance for loan and lease losses for loans and leases that are excluded from nonperforming loans and leases-5, 7 | Net charge-offs-8 | Annualized net charge-offs as a percentage of average loans and leases outstanding-5, 8 | Annualized net charge-offs as a percentage of average loans and leases outstanding, excluding the PCI loan portfolio-5 | Annualized net charge-offs and PCI write-offs as a percentage of average loans and leases outstanding-5 | Nonperforming loans and leases as a percentage of total loans and leases outstanding-5, 6 | Nonperforming loans, leases and foreclosed properties as a percentage of total loans, leases and foreclosed properties-5, 6 | Ratio of the allowance for loan and lease losses at period end to annualized net charge-offs-6, 8 | Ratio of the allowance for loan and lease losses at period end to annualized net charge-offs, excluding the PCI loan portfolio-6 | Ratio of the allowance for loan and lease losses at period end to annualized net charge-offs and PCI write-offs-6 | Capital ratios at period end-9 | Risk-based capital: | Common equity tier 1 capital | Tier 1 capital | Total capital | Tier 1 leverage | Tangible equity-2 | Tangible common equity-2 |"}
{"_id": "d8d1dafe2", "title": "", "text": "Measurement of Fair Value in Inactive Markets.\nIn April 2009, the FASB revised the authoritative guidance for fair value measurements and disclosures, which reaffirms that fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date under current market conditions.\nIt also reaffirms the need to use judgment in determining if a formerly active market has become inactive and in determining fair values when the market has become inactive.\nThere was no impact to the Companys financial statements upon adoption."}
{"_id": "d8b10a538", "title": "", "text": "Table of Contents These forward-looking statements are based largely on our expectations and judgments and are subject to a number of risks and uncertainties, many of which are unforeseeable and beyond our control.\nA detailed discussion of significant risk factors that have the potential to cause our actual results to differ materially from our expectations is described in Part I of this Form 10-K under the heading of \nRisk Factors.\n\n” We undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.\nWEBSITE ACCESS TO COMPANY REPORTS Our investor website is http://investor.\nralphlauren.\ncom.\nWe were incorporated in June 1997 under the laws of the State of Delaware.\nOur Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to those reports filed with or furnished to the SEC pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 are available at our investor website under the caption \nSEC Filings\n promptly after we electronically file such materials with or furnish such materials to the SEC.\nInformation relating to corporate governance at Polo Ralph Lauren Corporation, including our Corporate Governance Policies, our Code of Business Conduct and Ethics for all directors, officers, and employees, our Code of Ethics for Principal Executive Officers and Senior Financial Officers, and information concerning our directors, Committees of the Board, including Committee charters, and transactions in Polo Ralph Lauren Corporation securities by directors and executive officers, is available at our website under the captions \nCorporate Governance\n and \nSEC Filings.\n\n” Paper copies of these filings and corporate governance documents are available to stockholders without charge by written request to Investor Relations, Polo Ralph Lauren Corporation, 625 Madison Avenue, New York, New York 10022.\nIn this Form 10-K, references to \nPolo,\n \nourselves,\n \nwe,\n \nour,\n \nus\n and the \nCompany\n refer to Polo Ralph Lauren Corporation and its subsidiaries, unless the context indicates otherwise.\nDue to the collaborative and ongoing nature of our relationships with our licensees, such licensees are sometimes referred to in this Form 10-K as \nlicensing alliances.\n\n” Our fiscal year ends on the Saturday closest to March 31.\nAll references to \nFiscal 2011\n represent the 52-week fiscal year ended April 2, 2011.\nAll references to \nFiscal 2010\n represent the 53-week fiscal year ended April 3, 2010.\nAll references to \nFiscal 2009\n represent the 52-week fiscal year ended March 28, 2009.\nPART I Item 1.  Business.\nGeneral Founded in 1967 by Ralph Lauren, we are a global leader in the design, marketing and distribution of premium lifestyle products, including men’s, women’s and children’s apparel, accessories (including footwear), fragrances and home furnishings.\nWe believe that our global reach, breadth of product and multi-channel distribution is unique among luxury and apparel companies.\nWe operate in three distinct but integrated segments: Wholesale, Retail and Licensing.\nThe tables below show our net revenues and operating profit (excluding unallocated corporate expenses and legal and restructuring charges) by segment for the last three fiscal years."}
{"_id": "d8e92ae72", "title": "", "text": "Investments The fair value of commercial mortgage loans, except those with significant credit deterioration, is determined by discounting contractual cash flows using discount rates that reflect current pricing for loans with similar remaining maturities and characteristics including loan-to-value ratio, occupancy rate, refinance risk, debt-service coverage, location, and property condition.\nFor commercial mortgage loans with significant credit deterioration, fair value is determined using the same adjustments as above with an additional adjustment for the Company’s estimate of the amount recoverable on the loan.\nThe fair value of policy loans is determined using discounted cash flows.\nReceivables The fair value of consumer bank loans is determined by discounting estimated cash flows and incorporating adjustments for prepayment, administration expenses, severity and credit loss estimates, with discount rates based on the Company’s estimate of current market conditions.\nLoans held for sale are measured at the lower of cost or market and fair value is based on what secondary markets are currently offering for loans with similar characteristics.\nBrokerage margin loans are measured at outstanding balances, which are a reasonable estimate of fair value because of the sufficiency of the collateral and short term nature of these loans.\nRestricted and Segregated Cash Restricted and segregated cash is generally set aside for specific business transactions and restrictions are specific to the Company and do not transfer to third party market participants; therefore, the carrying amount is a reasonable estimate of fair value.\nAmounts segregated under federal and other regulations may also reflect resale agreements and are measured at the cost at which the securities will be sold.\nThis measurement is a reasonable estimate of fair value because of the short time between entering into the transaction and its expected realization and the reduced risk of credit loss due to pledging U. S.  government-backed securities as collateral.\nOther Investments and Assets Other investments and assets primarily consist of syndicated loans.\nThe fair value of syndicated loans is obtained from a nationally-recognized pricing service.\nFuture Policy Benefits and Claims The fair value of fixed annuities, in deferral status, is determined by discounting cash flows using a risk neutral discount rate with adjustments for profit margin, expense margin, early policy surrender behavior, a provision for adverse deviation from estimated early policy surrender behavior, and the Company’s nonperformance risk specific to these liabilities.\nThe fair value of other liabilities including non-life contingent fixed annuities in payout status, equity indexed annuity host contracts and the fixed portion of a small number of variable annuity contracts classified as investment contracts is determined in a similar manner.\nThe dividend yield assumption assumes the Company’s average dividend payout would continue with no changes.\nThe expected volatility for grants in 2010, 2009 and 2008 was based on the Company’s implied volatility and the Company’s historical stock volatility.\nThe expected volatility for grants in 2008 also considered historical volatilities experienced by a peer group of companies.\nThe risk-free interest rate for periods within the expected option life is based on the U. S.  Treasury yield curve at the grant date.\nThe expected life of the option is based on the Company’s past experience.\nThe weighted average grant date fair value for options granted during 2010, 2009 and 2008 was $15.89, $8.93 and $14.00, respectively."}
{"_id": "d8ce546fc", "title": "", "text": "| 2006 2005 2004 2003 2002 | Beginning Stores | New Stores-1 | Stores Closed | Ending Stores |"}
{"_id": "d86760e78", "title": "", "text": "| December 31, | 2008 | Weighted average discount rate | Rate of compensation increase | Average expected retirement age |"}
{"_id": "d8a862336", "title": "", "text": "| Funds Separate Accounts Securities Total | Balance at January 1, 2016 | Inflows | Outflows | Market appreciation (depreciation) | Balance at December 31, 2016 |"}
{"_id": "d8b635422", "title": "", "text": "| (Dollars in millions) 2015 2014 2013 | Net income | Other comprehensive income (loss), net-of-tax: | Net change in available-for-sale debt and marketable equity securities | Net change in debit valuation adjustments | Net change in derivatives | Employee benefit plan adjustments | Net change in foreign currency translation adjustments | Other comprehensive income (loss) | Comprehensive income |"}
{"_id": "d893d36fe", "title": "", "text": "| 2010 2009 2008 2007 2006 | Net income | Depreciation and amortization | Interest expense | Early extinguishment of debt | Other interest income | EBITDA | Gain on sale of real estate | Adjusted EBITDA |"}
{"_id": "d86c1f018", "title": "", "text": "CAPITAL RESOURCES AND LIQUIDITY CAPITAL RESOURCES Overview Capital has historically been generated by earnings from Citi’s operating businesses.\nCiti may also augment its capital through issuances of common stock, convertible preferred stock, preferred stock, equity issued through awards under employee benefit plans, and, in the case of regulatory capital, through the issuance of subordinated debt underlying trust preferred securities.\nIn addition, the impact of future events on Citi’s business results, such as corporate and asset dispositions, as well as changes in accounting standards, also affect Citi’s capital levels.\nGenerally, capital is used primarily to support assets in Citi’s businesses and to absorb market, credit, or operational losses.\nWhile capital may be used for other purposes, such as to pay dividends or repurchase common stock, Citi’s ability to utilize its capital for these purposes is currently restricted due to its agreements with the U. S.  government, generally for so long as the U. S.  government continues to hold Citi’s common stock or trust preferred securities.\nSee also “Supervision and Regulation” below.\nCitigroup’s capital management framework is designed to ensure that Citigroup and its principal subsidiaries maintain sufficient capital consistent with Citi’s risk profile and all applicable regulatory standards and guidelines, as well as external rating agency considerations.\nThe capital management process is centrally overseen by senior management and is reviewed at the consolidated, legal entity, and country level.\nSenior management is responsible for the capital management process mainly through Citigroup’s Finance and Asset and Liability Committee (FinALCO), with oversight from the Risk Management and Finance Committee of Citigroup’s Board of Directors.\nThe FinALCO is composed of the senior-most management of Citigroup for the purpose of engaging management in decision-making and related discussions on capital and liquidity matters.\nAmong other things, FinALCO’s responsibilities include: determining the financial structure of Citigroup and its principal subsidiaries; ensuring that Citigroup and its regulated entities are adequately capitalized in consultation with its regulators; determining appropriate asset levels and return hurdles for Citigroup and individual businesses; reviewing the funding and capital markets plan for Citigroup; and monitoring interest rate risk, corporate and bank liquidity, and the impact of currency translation on non-U.\nS.  earnings and capital.\nCapital Ratios Citigroup is subject to the risk-based capital guidelines issued by the Federal Reserve Board.\nHistorically, capital adequacy has been measured, in part, based on two risk-based capital ratios, the Tier 1 Capital and Total Capital (Tier 1 Capital + Tier 2 Capital) ratios.\nTier 1 Capital consists of the sum of “core capital elements,” such as qualifying common stockholders’ equity, as adjusted, qualifying noncontrolling interests, and qualifying mandatorily redeemable securities of subsidiary trusts, principally reduced by goodwill, other disallowed intangible assets, and disallowed deferred tax assets.\nTotal Capital also includes “supplementary” Tier 2 Capital elements, such as qualifying subordinated debt and a limited portion of the allowance for credit losses.\nBoth measures of capital adequacy are stated as a percentage of risk-weighted assets.\nFurther, in conjunction with the conduct of the 2009 Supervisory Capital Assessment Program (SCAP), U. S.  banking regulators developed a new measure of capital termed “Tier 1 Common,” which has been defined as Tier 1 Capital less non-common elements, including qualifying perpetual preferred stock, qualifying noncontrolling interests, and qualifying mandatorily redeemable securities of subsidiary trusts.\nCitigroup’s risk-weighted assets are principally derived from application of the risk-based capital guidelines related to the measurement of credit risk.\nPursuant to these guidelines, on-balance-sheet assets and the credit equivalent amount of certain off-balance-sheet exposures (such as financial guarantees, unfunded lending commitments, letters of credit, and derivatives) are assigned to one of several prescribed risk-weight categories based upon the perceived credit risk associated with the obligor, or if relevant, the guarantor, the nature of the collateral, or external credit ratings.\nRisk-weighted assets also incorporate a measure for market risk on covered trading account positions and all foreign exchange and commodity positions whether or not carried in the trading account.\nExcluded from risk-weighted assets are any assets, such as goodwill and deferred tax assets, to the extent required to be deducted from regulatory capital.\nSee “Components of Capital Under Regulatory Guidelines” below.\nCitigroup is also subject to a Leverage ratio requirement, a non-risk-based measure of capital adequacy, which is defined as Tier 1 Capital as a percentage of quarterly adjusted average total assets.\nTo be “well capitalized” under federal bank regulatory agency definitions, a bank holding company must have a Tier 1 Capital ratio of at least 6%, a Total Capital ratio of at least 10%, and a Leverage ratio of at least 3%, and not be subject to a Federal Reserve Board directive to maintain higher capital levels.\nThe following table sets forth Citigroup’s regulatory capital ratios as of December 31, 2009 and December 31, 2008."}
{"_id": "d85d85124", "title": "", "text": "Year ended September 30, 2010 Compared with the Year ended September 30, 2009  Capital Markets Capital Markets pre-tax results increased $10.8 million, or 15%, with net revenues increasing $56.7 million, or 11%, as compared to the prior year.\nWe realized significant increases in underwriting fees of $52.1 million, or 100%, mergers and acquisition fees of $17 million, or 42%, and commissions from institutional equity sales of $24.3 million, or 12%.\nThese increases were offset by a decrease in fixed income sales commissions of $26.7 million, or 15%, and trading profits, which are primarily related to fixed income products and declined in comparison to the prior year by $9.8 million, or 24%.\nDespite the unfavorable comparison, trading profits were historically strong, although slightly below the record level experienced in the prior year.\nThe number of lead and co-managed underwritings during the year were up 76% and 32%, respectively, as compared to the prior year, a time when underwritings were down dramatically due to the then-existing market conditions.\nThe dramatically improved equity market conditions in the current year versus the prior year were conducive to generating the increased equity market commissions, merger and acquisition fees and underwriting fees.\nOur increased merger and acquisition activity arose primarily from engagements by companies in the Healthcare, Business Services and Energy sectors.\nNon-interest expenses increased $44.9 million, or 10%, primarily resulting from compensation related costs.\nThe current year includes the addition of investment bankers added in the Lane Berry acquisition, which occurred in the third quarter of the prior year, and increased incentive compensation resulting from the increased profitability in our equity capital markets business."}
{"_id": "d892f274e", "title": "", "text": "| December 31 | 2009 | (Dollars in millions) | Allowance for loan and lease losses | Residential mortgage | Home equity | Discontinued real estate | Credit card – domestic | Credit card – foreign | Direct/Indirect consumer | Other consumer | Total consumer | Commercial – domestic-1 | Commercial real estate | Commercial lease financing | Commercial – foreign | Total commercial-2 | Allowance for loan and lease losses | Reserve for unfunded lending commitments-3 | Allowance for credit losses-4 |"}
{"_id": "d8992f986", "title": "", "text": "| 2009 2008 2007 | Average common shares outstanding | Dilutive share equivalents from share-based plans | Average common and common equivalent sharesoutstanding — assuming dilution |"}
{"_id": "d85f360b8", "title": "", "text": "| 2001 2000 | Gain on sales of depreciable properties | Gain on land sales | Impairment adjustment | Total |"}
{"_id": "d8a36266a", "title": "", "text": "(1) Excludes fixed maturities designated as held-to-maturity.\nClassified by NAIC or equivalent rating.\nThe following table sets forth the fair value of our international insurance operations’ portfolio of liquid assets, including cash and short-term investments, fixed maturity investments other than those designated as held-to-maturity, classified by NAIC or equivalent rating, and public equity securities, as of the dates indicated."}
{"_id": "d8982eb90", "title": "", "text": "The Company updated its Required Capital Framework methodology, with the regulatory changes becoming effective in 2013.\nAs a result of this update to the Required Capital Framework methodology, and taking the estimated impact of Basel 2.5 into consideration, Parent capital is estimated to decrease by approximately $13 billion with a corresponding increase allocated to the business segments.\nLiquidity.\nThe Basel Committee has developed two standards for supervisors to use in liquidity risk supervision.\nThe first standards objective is to promote the short-term resilience of the liquidity risk profile of banks and bank holding companies.\nThe Basel Committee developed the Liquidity Coverage Ratio (LCR) to ensure banks have sufficient high-quality liquid assets to cover net cash outflows arising from significant stress over 30 calendar days.\nThe standard requires that the value of the ratio be no lower than 100%; the Company is compliant with this liquidity standard.\nThe second standards objective is to promote resilience over a longer time horizon.\nThe Net Stable Funding Ratio (NSFR) has a time horizon of one year and builds on traditional net liquid asset and cash capital methodologies used widely by internationally active banking organizations to provide a sustainable maturity structure of assets and liabilities.\nThe NSFR is defined as the amount of available stable funding to the amount of required stable funding.\nThis ratio must be greater than 100%.\nAfter an observation period that began in 2011, the LCR, including any revisions, will be introduced on January 1, 2015.\nThe NSFR, including any revisions, will move to a minimum standard by January 1, 2018.\nThe Company will continue to monitor the development of these standards, including any further calibration by the Basel Committee and their potential impact on the Companys current liquidity and funding requirements."}
{"_id": "d872b9c8e", "title": "", "text": "| 2015 2014 Weighted AverageMaturityIn Years | Unsecured bonds private placement - fixed rate | Term loan - variable rate | Bonds public offering - fixed rate | Unsecured debt, net-1 | Lines of credit, net-2 | Total unsecured debt | Weighted average interest rate on fixed rate unsecured and unsecured private placement bonds | Weighted average interest rate on variable rate term loan | Weighted average interest rate on lines of credit |"}
{"_id": "d8bc0454c", "title": "", "text": "| 2016 2015 | Trade receivables — billed | Trade receivables — unbilled | Total trade receivables | Allowance for doubtful accounts | Total trade receivables, net | For the years ended December 31, | Units granted | Weighted-average fair value at date of grant | Monte Carlo simulation assumptions: | Estimated values | Dividend yields | Expected volatility |"}
{"_id": "d86a21b80", "title": "", "text": "| December 31, Credit exposure Nonperforming(d) | (in millions) | Loans retained | Loans held-for-sale | Loans at fair value | Loans – reported | Derivative receivables | Receivables from customers and other(a) | Total wholesale credit-related assets | Lending-related commitments(b) | Total wholesale credit exposure | Credit Portfolio Management derivatives notional, net(c) | Liquid securities and other cash collateral held against derivatives |"}
{"_id": "d8327a6d2", "title": "", "text": "| 2017 2016 | Projected benefit obligation | Accumulated benefit obligation | Fair value of plan assets |"}
{"_id": "d88882868", "title": "", "text": "| 2016 2015 2014 | Net sales | Operating profit | Operating margin | Backlog atyear-end |"}
{"_id": "d8d5fef7e", "title": "", "text": "| Contractual cash outflows Contractual cash inflowsMinimum rent underfranchise arrangements | In millions | 2009 | 2010 | 2011 | 2012 | 2013 | Thereafter | Total |"}
{"_id": "d812de616", "title": "", "text": "On October 31, 2008, we acquired PHP Companies, Inc.  (d/b/a Cariten Healthcare), or Cariten, for cash consideration of approximately $291.0 million, including the payment of $34.9 million during 2010 to settle a purchase price contingency.\nThe Cariten acquisition increased our commercial fully-insured and ASO presence as well as our Medicare HMO presence in eastern Tennessee.\nDuring 2009, we continued our review of the fair value estimate of certain other intangible and net tangible assets acquired.\nThis review resulted in a decrease of $27.1 million in the fair value of other intangible assets, primarily related to the fair value assigned to the customer contracts acquired.\nThere was a corresponding adjustment to goodwill and deferred income taxes.\nThe"}
{"_id": "d8f6ea382", "title": "", "text": "| Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life in Year Aggregate Intrinsic Value | Options outstanding at September 27, 2008 | Granted | Cancelled/forfeited | Net effect of option cancellation/regrant | Exercised | Options outstanding at September 26, 2009 | Options exercisable at September 26, 2009 | Options vested and expected to vest at September 26, 2009 -1 |"}
{"_id": "d8e1d0cda", "title": "", "text": "(1) Includes exploratory wells drilled and suspended awaiting a sanctioned development plan or being evaluated to assess the economic viability of the well.\n(2) Includes wells pending completion activities.\n(3) Includes the Karish and Tanin exploratory wells which have been classified as assets held for sale as of December 31, 2015 and were divested in January 2016.\nSee Item 8.\nFinancial Statements and Supplementary Financial Data  Note 6.\nCapitalized Exploratory Well Costs for additional information on suspended exploratory wells."}
{"_id": "d85ed291e", "title": "", "text": "| Operating Results | Americas | Year Ended December 31, 2013 | (In millions) | Revenues | Premiums | Universal life and investment-type product policy fees | Net investment income | Other revenues | Net investment gains (losses) | Net derivative gains (losses) | Total revenues | Expenses | Policyholder benefits and claims and policyholder dividends | Interest credited to policyholder account balances | Goodwill impairment | Capitalization of DAC | Amortization of DAC and VOBA | Amortization of negative VOBA | Interest expense on debt | Other expenses | Total expenses | Provision for income tax expense (benefit) | Operating earnings | Adjustments to: | Total revenues | Total expenses | Provision for income tax (expense) benefit | Income (loss) from continuing operations, net of income tax |"}
{"_id": "d82441d18", "title": "", "text": "| Pension Benefits Other Benefits | Dollars in Millions | Service cost — benefits earned during the year | Interest cost on projected benefit obligation | Expected return on plan assets | Amortization of prior service cost/(benefit) | Amortization of net actuarial loss | Net periodic benefit cost | Curtailments | Settlements | Special termination benefits | Total net periodic benefit cost | Continuing operations | Discontinued operations | Total net periodic benefit cost |"}
{"_id": "d8ea377f2", "title": "", "text": "Note: We have not declared any cash dividends on common stock for the periods shown.\n(1) On September 1, 2015, CBRE, Inc. , our wholly-owned subsidiary, closed on a Stock and Asset Purchase Agreement with Johnson Controls, Inc.  (JCI) to acquire JCI’s Global Workplace Solutions (JCI-GWS) business (which we refer to as the GWS Acquisition).\nThe results for the year ended December 31, 2015 include the operations of JCI-GWS from September 1, 2015, the date such business was acquired.\n(2) See Income Per Share information in Note 15 of our Notes to Consolidated Financial Statements set forth in Item 8 of this Annual Report.\n(3) Includes EBITDA related to discontinued operations of $7.9 million and $5.6 million for the years ended December 31, 2013 and 2012, respectively.\nEBITDA and adjusted EBITDA are not recognized measurements under accounting principles generally accepted in the United States, or GAAP.\nWhen analyzing our operating performance, investors should use these measures in addition to, and not as an alternative for, their most directly comparable financial measure calculated and presented in accordance with GAAP.\nWe generally use these non-GAAP financial measures to evaluate operating performance and for other discretionary purposes.\nWe believe these measures provide a more complete understanding of ongoing operations, enhance comparability of current results to prior periods and may be useful for investors to analyze our financial performance because they eliminate the impact of selected charges that may obscure trends in the underlying performance of our business.\nBecause not all companies use identical calculations, our presentation of these measures may not be comparable to similarly titled measures of other companies.\nEBITDA represents earnings before net interest expense, write-off of financing costs on extinguished debt, income taxes, depreciation and amortization.\nAmounts shown for adjusted EBITDA further remove (from EBITDA) the impact of certain cash and non-cash charges related to acquisitions, cost-elimination expenses and certain carried interest incentive compensation (reversal) expense to align with the timing of associated revenue.\nWe believe that investors may find these measures useful in evaluating our operating performance compared to that of other companies in our industry because their calculations generally eliminate the effects of acquisitions, which would include impairment charges of goodwill and intangibles created from acquisitions, the effects of financings and income taxes and the accounting effects of capital spending.\nEBITDA and adjusted EBITDA are not intended to be measures of free cash flow for our discretionary use because they do not consider certain cash requirements such as tax and debt service payments.\nThese measures may also differ from the amounts calculated under similarly titled definitions in our debt instruments, which amounts are further adjusted to reflect certain other cash and non-cash charges and are used by us to determine compliance with financial covenants therein and our ability to engage in certain activities, such as incurring additional debt and making certain restricted payments.\nWe also use adjusted EBITDA as a significant component when measuring our operating performance under our employee incentive compensation programs."}
{"_id": "d8d40a4ac", "title": "", "text": "| A.M. Best Standard & Poor's Moody's | Senior Notes | Long Term Notes |"}
{"_id": "d8e24342e", "title": "", "text": "| Retirement and Investor Services Principal Global Investors Principal International U.S. Insurance Solutions Corporate Consolidated | (in millions) | Balances at January 1, 2009 | Foreign currency translation | Balances at December 31, 2009 | Impairment | Foreign currency translation | Other | Balances at December 31, 2010 |"}
{"_id": "d834c518a", "title": "", "text": "| Years Ended December 31, | 2011 | CIEs | (in millions) | Revenues | Net investment income (loss) | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest and debt expense | General and administrative expense | Total expenses | Pretax loss | Less: Net income (loss) attributable to noncontrolling interests | Pretax loss attributable to Ameriprise Financial |"}
{"_id": "d8786d130", "title": "", "text": "Amortization of acquired intangibles: Pro forma adjustment to increase noninterest expense by $28 million and $44 million for the years ended December 31, 2016 and 2015, to record estimated amortization of acquired intangible assets.\nHuntington merger-related costs: Pro forma results include Huntington merger-related costs which primarily included, but were not limited to, severance costs, professional services, data processing fees, marketing and advertising expenses totaling $281 million for the year ended December 31, 2016.\nOther adjustments: Pro forma results also include adjustments related to branch divestitures, incremental interest expense on the issuance on acquisition debt, elimination of FirstMerit's intangible amortization expense, FirstMerit merger-related costs, and related income-tax effects.\nBranch divestiture: On December 5, 2016, Huntington completed the previously announced sale of 13 acquired branches and certain related assets and deposit liabilities to First Commonwealth Bank, the banking subsidiary of First Commonwealth Financial Corporation.\nThe sale was in connection with an agreement reached with the U. S.  Department of Justice in order to resolve its competitive concerns about Huntington’s acquisition of FirstMerit.\nTotal deposits and loans transferred to First Commonwealth Bank in the transaction totaled $620 million and $106 million, respectively.4."}
{"_id": "d8eedf8ea", "title": "", "text": "| $ in millions 2015 2014 2013 2012 2011 | Acquisition/disposition related: | Employee compensation expense | Transaction and integration expense | Intangible amortization expense | Change in contingent consideration estimates | Other acquisition-related items | Adjustments to operating income | Gain on sale of CLO management contracts | Change in contingent consideration estimates | Taxation: | Taxation on transaction and integration | Taxation on amortization | Deferred taxation | Taxation on change in contingent consideration estimates | Taxation on gain on sale of CLO management contracts | Taxation on other acquisition-related items | (Income)/loss from discontinued operations, net of taxes | Adjustments to net income attributable to Invesco Ltd. |"}
{"_id": "d862c3dac", "title": "", "text": "Key Performance Indicators.\nManagement focuses on a variety of key indicators to monitor operating and financial performance.\nThese performance indicators include measurements of operating revenue, change in operating revenue, operating income, operating margin, net income, diluted earnings per share, cash provided by operating activities and capital expenditures.\nKey performance indicators for the twelve months ended December 31, 2018, 2017 and 2016, include the following:"}
{"_id": "d87068994", "title": "", "text": "REPUBLIC SERVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) credit exposure, we continually monitor the credit worthiness of the financial institutions where we have deposits.\nConcentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services, as well as the dispersion of our operations across many geographic areas.\nWe provide services to commercial, industrial, municipal and residential customers in the United States and Puerto Rico.\nWe perform ongoing credit evaluations of our customers, but generally do not require collateral to support customer receivables.\nWe establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers, age of receivables outstanding, historical trends, economic conditions and other information.\nAccounts Receivable, Net of Allowance for Doubtful Accounts Accounts receivable represent receivables from customers for collection, transfer, recycling, disposal and other services.\nOur receivables are recorded when billed or when the related revenue is earned, if earlier, and represent claims against third parties that will be settled in cash.\nThe carrying value of our receivables, net of the allowance for doubtful accounts, represents their estimated net realizable value.\nProvisions for doubtful accounts are evaluated on a monthly basis and are recorded based on our historical collection experience, the age of the receivables, specific customer information and economic conditions.\nWe also review outstanding balances on an account-specific basis.\nIn general, reserves are provided for accounts receivable in excess of 90 days outstanding.\nPast due receivable balances are written-off when our collection efforts have been unsuccessful in collecting amounts due.\nThe following table reflects the activity in our allowance for doubtful accounts for the years ended December 31, 2013, 2012 and 2011:"}
{"_id": "d8d2dc94a", "title": "", "text": "| Years ended December 31 (in millions) 2014 2013 2012 | Net interest income | Provision for loan losses | Total non-interest income | Total non-interest expense | Income before income tax expense | Income tax expense | Net income | Average total assets | Average total liabilities |"}
{"_id": "d8cd012a0", "title": "", "text": "| 2013 $1,842,355 | 2014 | 2015 | 2016 | 2017 | Thereafter |"}
{"_id": "d86155a9c", "title": "", "text": "| Payments Due By Fiscal Year  (in $000’s) | Contractual Obligations | Operating Lease Commitments | Contractual Obligations -1 | Total Obligations |"}
{"_id": "d8a5317a2", "title": "", "text": "No.159 requires that unrealized gains and losses on items for which the fair value option has been elected be reported in earnings at each reporting date.\nSFAS No.159 is effective for fiscal years beginning after November 15, 2007 and is required to be adopted by the Company beginning in the first quarter of fiscal 2009.\nAlthough the Company will continue to evaluate the application of SFAS No.159, management does not currently believe adoption will have a material impact on the Companys financial condition or operating results.\nIn September 2006, the FASB issued SFAS No.157, Fair Value Measurements, which defines fair value, provides a framework for measuring fair value, and expands the disclosures required for fair value measurements.\nSFAS No.157 applies to other accounting pronouncements that require fair value measurements; it does not require any new fair value measurements.\nSFAS No.157 is effective for fiscal years beginning after November 15, 2007 and is required to be adopted by the Company beginning in the first quarter of fiscal 2009.\nAlthough the Company will continue to evaluate the application of SFAS No.157, management does not currently believe adoption will have a material impact on the Companys financial condition or operating results.\nIn June 2006, the FASB issued FASB Interpretation No.\n(FIN) 48, Accounting for Uncertainty in Income Taxes-an Interpretation of FASB Statement No.109.\nFIN 48 clarifies the accounting for uncertainty in income taxes by creating a framework for how companies should recognize, measure, present, and disclose in their financial statements uncertain tax positions that they have taken or expect to take in a tax return.\nFIN 48 is effective for fiscal years beginning after December 15, 2006 and is required to be adopted by the Company beginning in the first quarter of fiscal 2008.\nAlthough the Company will continue to evaluate the application of FIN 48, management does not currently believe adoption will have a material impact on the Companys financial condition or operating results."}
{"_id": "d88f70d0a", "title": "", "text": "| (In millions) 2009 2008 | Asset retirement obligations as of January 1 | Liabilities incurred, including acquisitions | Liabilities settled | Accretion expense (included in depreciation, depletion and amortization) | Revisions to previous estimates | Held for sale | Asset retirement obligations as of December 31(a) |"}
{"_id": "d89ca88e2", "title": "", "text": "We define past-due loans as loans on which contractual principal or interest payments are over 90 days delinquent, but for which interest continues to be accrued.\nNo institutional loans were 90 days or more contractually past due as of December 31, 2011, 2010, 2009, 2008 or 2007.\nAlthough a portion of the CRE loans was 90 days or more contractually past due as of December 31, 2011, 2010, 2009 and 2008, we do not report them as past-due loans, because in accordance with GAAP, the interest earned on these loans is based on an accretable yield resulting from management’s expectations with respect to the future cash flows for each loan relative to both the timing and collection of principal and interest as of the reporting date, not the loans’ contractual payment terms.\nThese cash flow estimates are updated quarterly to reflect changes in management’s expectations, which consider market conditions.\nWe generally place loans on non-accrual status once principal or interest payments are 60 days past due, or earlier if management determines that full collection is not probable.\nLoans 60 days past due, but considered both well-secured and in the process of collection, may be excluded from non-accrual status.\nFor loans placed on non-accrual status, revenue recognition is suspended.\nAs of December 31, 2011 and 2010, approximately $5 million and $158 million, respectively, of the aforementioned CRE loans had been placed by management on non-accrual status, as the yield associated with these loans, determined when the loans were acquired, was deemed to be non-accretable.\nThis determination was based on management’s expectations of the future collection of principal and interest from the loans.\nThe decline in loans on non-accrual status at December 31, 2011 compared to December 31, 2010 resulted mainly from the transfer of certain CRE loans to other real estate owned in 2011 in connection with foreclosure or similar transactions.\nThese transactions had no impact on our 2011 consolidated statement of income.\nThe following table presents contractual maturities for loan and lease balances as of December 31, 2011:"}
{"_id": "d81f40134", "title": "", "text": "The company saw an increase in revenue in 2023.\nTable 1: Revenue Details\nThis revenue increase was due to the launch of new products."}
{"_id": "d824b7f4a", "title": "", "text": "OTHER CONTINGENCIES — INDEMNIFICATIONS Equatorial Guinea Tax Claim: In 2004, we received a request for indemnification from the purchaser of CMS Oil and Gas.\nThe indemnification claim relates to the sale of our oil, gas and methanol projects in Equatorial Guinea and the claim of the government of Equatorial Guinea that we owe $142 million in taxes in connection with that sale.\nCMS Energy concluded that the government’s tax claim is without merit and the purchaser of CMS Oil and Gas submitted a response to the government rejecting the claim.\nThe government of Equatorial Guinea has indicated that it still intends to pursue its claim.\nWe cannot predict the financial impact or outcome of this matter.\nMoroccan Tax Claim: In May 2007, we sold our 50 percent interest in Jorf Lasfar.\nAs part of the sale agreement, we agreed to indemnify the purchaser for 50 percent of any tax assessments on Jorf Lasfar attributable to tax years prior to the sale.\nIn December 2007, the Moroccan tax authority concluded its audit of Jorf Lasfar for tax years 2003 through 2005.\nThe audit asserted deficiencies in certain corporate and withholding taxes.\nIn January 2009, we paid $18 million, which was charged against a tax indemnification liability established when we recorded the sale of Jorf Lasfar, and accordingly it did not affect earnings.\nMarathon Indemnity Claim regarding F. T.  Barr Claim: On December 3, 2001, F.  T.  Barr, an individual with an overriding royalty interest in production from the Alba field, filed a lawsuit in Harris County District Court in Texas against CMS Energy, CMS Oil and Gas and other defendants alleging that his overriding royalty payments related to Alba field production were improperly calculated.\nCMS Oil and Gas believes that Barr was paid properly on gas sales and that he was not entitled to the additional overriding royalty payment sought.\nAll parties signed a confidential settlement agreement on April 26, 2004.\nThe settlement resolved claims between Barr and the defendants, and the involved CMS Energy entities reserved all defenses to any indemnity claim relating to the settlement.\nThere is disagreement between Marathon and certain current or former CMS Energy entities as to the existence and scope of any indemnity obligations to Marathon in connection with the settlement.\nBetween April 2005 and April 2008, there were no further communications between Marathon and CMS Energy entities regarding this matter.\nIn April 2008, Marathon indicated its intent to pursue the indemnity claim.\nPresent and former CMS Energy entities and Marathon entered into an agreement tolling the statute of limitations on any claim by Marathon under the indemnity.\nCMS Energy entities dispute Marathon’s claim, and will vigorously oppose it if raised in any legal proceeding.\nCMS Energy entities also will assert that Marathon has suffered minimal, if any, damages.\nCMS Energy cannot predict the outcome of this matter.\nIf Marathon’s claim were sustained, it would have a material effect on CMS Energy’s future earnings and cash flow."}
{"_id": "d88f4ed86", "title": "", "text": "| December 31, | Balance Sheet Data | Cash, cash equivalents and marketable securities | Short-term borrowings | Current portion of long-term debt | Long-term debt | Total debt |"}
{"_id": "d8692d940", "title": "", "text": "| (in millions) Unrealized gains/(losses) on AFS securities(a) Translation adjustments, net of hedges Cash flow hedges Net loss and prior service costs/(credit) of defined benefit pension and OPEB plans Accumulated other comprehensive income/(loss) | Balance at December 31, 2006 | Cumulative effect of changes inaccounting principles (for fairvalueoption elections) | Balance at January 1, 2007, adjusted | Net change | Balance at December 31, 2007 | Net change | Balance at December 31, 2008 | Net change | Balance at December 31, 2009 |"}
{"_id": "d892c8322", "title": "", "text": "| Premiums Payable Premiums Receivable | (in millions) | 2013 | 2014 | 2015 | 2016 | 2017 | 2018-2027 |"}
{"_id": "d85d85084", "title": "", "text": "In addition to product warranties, the Company from time to time in its normal course of business indemnifies other parties with whom it enters into contractual relationships, including customers, lessors and parties to other transactions with the Company, with respect to certain matters.\nIn these limited matters, the Company has agreed to hold certain third parties harmless against specific types of claims or losses such as those arising from a breach of representations or covenants, third-party claims that the Companys products when used for their intended purpose(s) and under specific conditions infringe the intellectual property rights of a third party, or other specified claims made against the indemnified party.\nIt is not possible to determine the maximum potential amount of liability under these indemnification obligations due to the unique facts and circumstances that are likely to be involved in each particular claim and indemnification provision.\nHistorically, payments made by the Company under these obligations have not been material.\nNOTE 17: Contingencies Hatamian Securities Litigation On January 15, 2014, a class action lawsuit captioned Hatamian v.  AMD, et al.\n, C. A.\nNo.3:14-cv-00226 (the Hatamian Lawsuit) was filed against the Company in the United States District Court for the Northern District of California.\nThe complaint purports to assert claims against the Company and certain individual officers for alleged violations of Section 10(b) of the Securities Exchange Act of 1934, as amended (the Exchange Act), and Rule 10b-5 of the Exchange Act.\nThe plaintiffs seek to represent a proposed class of all persons who purchased or otherwise acquired our common stock during the period April 4, 2011 through October 18, 2012.\nThe complaint seeks damages allegedly caused by alleged materially misleading statements and/or material omissions by the Company and the individual officers regarding its 32nm technology and Llano product, which statements and omissions, the plaintiffs claim, allegedly operated to artificially inflate the price paid for the Companys common stock during the period.\nThe complaint seeks unspecified compensatory damages, attorneys fees and costs.\nOn July 7, 2014, the Company filed a motion to dismiss plaintiffs claims.\nOn March 31, 2015, the Court denied the motion to dismiss.\nOn May 14, 2015, the Company filed its answer to plaintiffs corrected amended complaint.\nOn September 4, 2015, plaintiffs filed their motion for class certification, and on March 16, 2016, the Court granted plaintiffs motion.\nA court-ordered mediation held in January 2016 did not result in a settlement of the lawsuit.\nThe discovery process was concluded.\nThe plaintiffs and defendants filed cross-motions for summary judgment, and briefing on those motions was completed in July 2017.\nOn October 9, 2017, the parties signed a definitive settlement agreement resolving this matter and submitted it to the Court for approval.\nUnder the terms of this agreement, the settlement will be\nWe believe that existing cash, cash equivalents and investments of approximately $5.0 billion, together with cash generated from operations and cash available through our credit agreement, will be sufficient to fund our operating activities, capital expenditures, stock repurchases and other obligations for the foreseeable future.\nCommitments and Contingencies We have certain fixed contractual obligations and commitments that include future estimated payments.\nChanges in our business needs, contractual cancellation provisions, fluctuating interest rates, and other factors may result in actual payments differing from the estimates.\nWe cannot provide certainty regarding the timing and amounts of these payments.\nWe have presented below a summary of the most significant assumptions used in our determination of amounts presented in the tables, in order to assist in the review of this information within the context of our consolidated financial position, results of operations, and cash flows.\nThe following table summarizes our fixed contractual obligations and commitments (in thousands):"}
{"_id": "d8876a08e", "title": "", "text": "| 2010 2009 2008 | Cost of sales | Royalties | Product development | Advertising | Amortization | Selling, distribution and administration |"}
{"_id": "d8dbe574e", "title": "", "text": "The decrease in net periodic benefit cost for pension and other postretirement benefit plans in 2014 as compared with 2013 is largely attributable to a change in the discount rate.\nIn connection with restructuring actions (see Note 3), termination charges were recorded in 2014, 2013 and 2012 on pension and other postretirement benefit plans related to expanded eligibility for certain employees exiting Merck.\nAlso, in connection with these restructuring activities, curtailments were recorded in 2014, 2013 and 2012 on pension and other postretirement benefit plans\nTable of Contents Affiliate Information” below)."}
{"_id": "d8a321a02", "title": "", "text": "| Comparable sales impact 0.9% | Non-comparable sales-1 | Net store changes | Total revenue increase |"}
{"_id": "d87acf0a4", "title": "", "text": "| Other Postretirement Benefits | Pension   Benefits | (In millions) | 2008 | 2009 | 2010 | 2011 | 2012 | 2013-2017 |"}
{"_id": "d8cf474b0", "title": "", "text": "| Interest Rate Contracts Fiscal Year Foreign Exchange Contracts  Fiscal Year Equity  Contracts  Fiscal Year Commodity Contracts  Fiscal Year Total  Fiscal Year | In Millions | Derivatives in Cash Flow Hedging Relationships: | Amount of gain (loss) recognized in othercomprehensive income (OCI) (a) | Amount of net gain (loss) reclassified fromAOCI into earnings (a) (b) | Amount of net gain (loss) recognizedin earnings (c) | Derivatives in Fair Value Hedging Relationships: | Amount of net gain (loss) recognizedin earnings (d) | Derivatives Not Designated as Hedging Instruments: | Amount of net gain (loss) recognizedin earnings (d) | May 27, 2018 | Assets | Gross Amounts  Not Offset  in the  Balance Sheet (e) | In Millions | Commodity contracts | Interest rate contracts | Foreign exchange contracts | Equity contracts | Total | Options Outstanding (Thousands) | Balance as of May 27, 2018 | Granted | Exercised | Forfeited or expired | Outstanding as of May 26, 2019 | Exercisable as of May 26, 2019 | Fiscal Year | In Millions | Net cash proceeds | Intrinsic value of options exercised |"}
{"_id": "d8dfe9700", "title": "", "text": "by the Companys life insurance subsidiaries were on deposit with various states as required by law.\nStatutory capital and surplus for RiverSource Life was $2.7 billion, $3.1 billion and $2.7 billion for the years ended December 31, 2013, 2012 and 2011, respectively.\nStatutory net income (loss) for RiverSource Life was $1.3 billion, $2.0 billion and $(599) million for the years ended December 31, 2013, 2012 and 2011, respectively.\nAmeriprise Certificate Company (ACC) is registered as an investment company under the Investment Company Act of 1940 (the 1940 Act).\nACC markets and sells investment certificates to clients.\nACC is subject to various capital requirements under the 1940 Act, laws of the State of Minnesota and understandings with the Securities and Exchange Commission (SEC) and the Minnesota Department of Commerce.\nThe terms of the investment certificates issued by ACC and the provisions of the 1940 Act also require the maintenance by ACC of qualified assets.\nUnder the provisions of its certificates and the 1940 Act, ACC was required to have qualified assets (as that term is defined in Section 28(b) of the 1940 Act) in the amount of $4.0 billion and $3.5 billion at December 31, 2013 and 2012, respectively.\nACC had qualified assets of $4.2 billion and $3.7 billion at December 31, 2013 and 2012, respectively.\nAmeriprise Financial and ACC entered into a Capital Support Agreement on March 2, 2009, pursuant to which Ameriprise Financial agrees to commit such capital to ACC as is necessary to satisfy applicable minimum capital requirements, up to a maximum commitment of $115 million.\nFor the years ended December 31, 2013 and 2012, ACC did not draw upon the Capital Support Agreement and had met all applicable capital requirements.\nThreadneedles required capital is predominantly based on the requirements specified by its regulator, the Financial Services Authority (FSA), under its Capital Adequacy Requirements for asset managers.\nThe Company has four broker-dealer subsidiaries, American Enterprise Investment Services Inc. , Ameriprise Financial Services, Inc. , RiverSource Distributors, Inc.  and Columbia Management Investment Distributors, Inc.\nThe broker-dealers are subject to the net capital requirements of the Financial Industry Regulatory Authority (FINRA) and the Uniform Net Capital requirements of the SEC under Rule 15c3-1 of the Securities Exchange Act of 1934.\nAmeriprise Trust Company is subject to capital adequacy requirements under the laws of the State of Minnesota as enforced by the Minnesota Department of Commerce.\nIn 2012, Ameriprise Bank requested regulatory approval to convert from a federal savings bank to a limited powers national trust bank.\nConditional approval for this conversion was received in December 2012, and the conversion to a limited powers national trust bank, as well as the renaming of the entity as Ameriprise National Trust Bank, was completed in January 2013.\nPrior to this conversion, Ameriprise Bank, FSB was subject to regulation by both the Comptroller of Currency (OCC), as a federal savings bank, and by the Federal Deposit Insurance Corporation (FDIC) in its role as insurer of its deposits.\nFollowing the conversion, Ameriprise National Trust Bank remains subject to regulation by the OCC and, to a limited extent, by the FDIC.\nAs a limited powers national association, Ameriprise National Trust Bank remains subject to supervision under various laws and regulations enforced by the OCC, including those related to capital adequacy, liquidity and conflicts of interest.21."}
{"_id": "d8b6987e8", "title": "", "text": "| December 31, 2009 Percentage of Total December 31, 2008 Percentage of Total | (dollars in thousands) | U.S. Treasury and other U.S. government corporations and agencies: | U.S. Treasury and agency obligations | Mortgage-backed securities | Tax-exempt municipal securities | Mortgage-backed securities: | Residential | Commercial | Asset-backed securities | Corporate debt securities | Redeemable preferred stock | Total debt securities |"}
{"_id": "d8b3886c0", "title": "", "text": "| Years Ended December 31, | 2015 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Income from continuing operations before income tax provision | Income tax provision | Income from continuing operations | Loss from discontinued operations, net of tax | Net income | Less: Net income attributable to noncontrolling interests | Net income attributable to Ameriprise Financial |"}
{"_id": "d8ccb981a", "title": "", "text": "| Year Ended December 31, | 2009 | (in millions) | Asset Retirement Obligations, Beginning of Period | Liabilities Incurred in Current Period | Liabilities Settled in Current Period | Revisions | Accretion Expense | Asset Retirement Obligations, End of Period |"}
{"_id": "d878219f6", "title": "", "text": "Non-Strategic Assets Portfolio This business segment (formerly Distressed Assets Portfolio) consists primarily of acquired non-strategic assets that fall outside of our core business strategy.\nNon-Strategic Assets Portfolio had earnings of $200 million in 2011 compared with a loss of $57 million in 2010.\nThe increase was primarily attributable to a lower provision for credit losses partially offset by lower net interest income."}
{"_id": "d872649c8", "title": "", "text": "Shareholders Equity Common Equity As of both December 2017 and December 2016, the firm had 4.00 billion authorized shares of common stock and 200 million authorized shares of nonvoting common stock, each with a par value of $0.01 per share.\nDividends declared per common share were $2.90 in 2017, $2.60 in 2016 and $2.55 in 2015.\nOn January 16, 2018, the Board of Directors of Group Inc.  (Board) declared a dividend of $0.75 per common share to be paid on March 29, 2018 to common shareholders of record on March 1, 2018.\nThe firms share repurchase program is intended to help maintain the appropriate level of common equity.\nThe share repurchase program is effected primarily through regular open-market purchases (which may include repurchase plans designed to comply with Rule 10b5-1), the amounts and timing of which are determined primarily by the firms current and projected capital position, but which may also be influenced by general market conditions and the prevailing price and trading volumes of the firms common stock.\nPrior to repurchasing common stock, the firm must receive confirmation that the FRB does not object to such capital action.\nThe table below presents the amount of common stock repurchased by the firm under the share repurchase program."}
{"_id": "d8614a732", "title": "", "text": "| Pension   Benefits  (In millions) | 2008 | 2009 | 2010 | 2011 | 2012 | 2013-2017 |"}
{"_id": "d81566546", "title": "", "text": "| Year Ended December 31, | 2005 | Net income | As reported | Compensation expense | Pro forma | Basic net income (loss) per common share | Diluted net income (loss) per common share | Basic net income (loss) per common share — pro forma | Diluted net income (loss) per common share — pro forma |"}
{"_id": "d8ddaa28c", "title": "", "text": "| Options Outstanding and Exercisable | Range of | Exercise Prices | $29.50-29.71 | $34.45-39.46 | Total |"}
{"_id": "d8d4d2998", "title": "", "text": "| December 31, 2006 December 31, 2005 | Amortized Cost | (in millions) | Short-term Investments and Cash Equivalents | Fixed Maturities: | U.S. Government | Foreign Government | Corporate Securities | Asset-Backed Securities | Mortgage Backed | Total Fixed Maturities | Equity Securities | Total trading account assets supporting insurance liabilities |"}
{"_id": "d8ef70480", "title": "", "text": "(g) Property, Plant, and Equipment—We record property, plant, and equipment at cost.\nCost includes material, labor, overhead, and both debt and equity components of AFUDC.\nAdditions to and significant replacements of property are charged to property, plant, and equipment at cost; minor items are charged to other operation and maintenance expense.\nThe cost of depreciable utility property less salvage value is charged to accumulated depreciation when property is retired.\nWe record straight-line depreciation expense over the estimated useful life of utility property using depreciation rates approved by the applicable regulators.\nAnnual utility composite depreciation rates are shown below:"}
{"_id": "d8f340a38", "title": "", "text": "The decrease in gross margin versus 2012 was primarily due to unfavorable product mix and lower high-horsepower volumes, partially offset by improved price realization, decreased material and commodity costs and favorable foreign currency fluctuations.\nThe decrease in selling, general and administrative expenses was primarily due to lower discretionary spending and the absence of restructuring charges incurred in 2012, partially offset by increased headcount.\nThe decrease in research, development and engineering expenses was primarily due to lower discretionary spending in 2013, partially offset by increases in new product development spending and increased headcount to support our strategic growth initiatives.\nThe increase in equity, royalty and interest income from investees was primarily due to higher earnings at Beijing Foton Cummins Engine Co. , Ltd.  within the light-duty business and Dongfeng Cummins Engine Company, Ltd. , partially offset by lower earnings at Beijing Foton Engine Company, Ltd.  (Heavy-duty) in anticipation of production in the second quarter of 2014.\nOperating Expenses:"}
{"_id": "d89d5bad2", "title": "", "text": "| 12/31/05 12/31/06 12/31/07 12/31/08 12/31/09 12/31/10 | United Parcel Service, Inc. | Standard & Poor’s 500 Index | Dow Jones Transportation Average |"}
{"_id": "d864958e2", "title": "", "text": "| 2008 2007 2006 | Cash, cash equivalents, and short-term investments | Accounts receivable, net | Inventory | Working capital | Annual operating cash flow |"}
{"_id": "d8c04e54e", "title": "", "text": "| (Dollars in millions) Total 2005 2006- 2007 2008- 2009 Later Years | Contractual obligations assumed by United States Steel | Long-term debt(a) | Sale-leaseback financing (includes imputed interest) | Capital lease obligations | Operating lease obligations | Operating lease obligations under sublease | Total contractual obligations assumed by United States Steel |"}
{"_id": "d87fae322", "title": "", "text": "We recognize accrued interest and penalties related to unrecognized tax benefits in income tax expense in the Consolidated Statements of Earnings, which is consistent with the recognition of these items in prior reporting periods.\nAs of January 1, 2007, we recorded a liability of $9.6 million for accrued interest and penalties, of which $7.5 million would impact our effective tax rate, if recognized.\nThe amount of this liability is $19.6 million as of December 31, 2007.\nOf this amount, $14.7 million would impact our effective tax rate, if recognized.\nWe expect that the amount of tax liability for unrecognized tax benefits will change in the next twelve months; however, we do not expect these changes will have a significant impact on our results of operations or financial position.\nThe U. S.  federal statute of limitations remains open for the year 2003 and onward with years 2003 and 2004 currently under examination by the IRS.\nIt is reasonably possible that a resolution with the IRS for the years 2003 through 2004 will be reached within the next twelve months, but we do not anticipate this would result in any material impact on our financial position.\nIn addition, for the 1999 tax year of Centerpulse, which we acquired in October 2003, one issue remains in dispute.\nThe resolution of this issue would not impact our effective tax rate, as it would be recorded as an adjustment to goodwill.\nState income tax returns are generally subject to examination for a period of 3 to 5 years after filing of the respective return.\nThe state impact of any federal changes remains subject to examination by various states for a period of up to one year after formal notification to the states.\nWe have various state income tax returns in the process of examination, administrative appeals or litigation.\nIt is reasonably possible that such matters will be resolved in the next twelve months, but we do not anticipate that the resolution of these matters would result in any material impact on our results of operations or financial position.\nForeign jurisdictions have statutes of limitations generally ranging from 3 to 5 years.\nYears still open to examination by foreign tax authorities in major jurisdictions include Australia (2003 onward), Canada (1999 onward), France (2005 onward), Germany (2005 onward), Italy (2003 onward), Japan (2001 onward), Puerto Rico (2005 onward), Singapore (2003 onward), Switzerland (2004 onward), and the United Kingdom (2005 onward)."}
{"_id": "d8a3624f8", "title": "", "text": "Distribution’s 2013 annual sales decreased 6% from 2012, and decreased 15% from 2011.\nOperating profits in 2013 were a loss of $389 million (a gain of $43 million excluding goodwill impairment charges and reorganization costs) compared with $22 million ($71 million excluding reorganization costs) in 2012 and $34 million ($86 million excluding reorganization costs) in 2011.\nAnnual sales of printing papers and graphic arts supplies and equipment totaled $3.2 billion in 2013 compared with $3.5 billion in 2012 and $4.0 billion in 2011 reflecting declining demand and the discontinuation of a distribution agreement with a large manufacturer of graphic supplies.\nTrade margins as a percent of sales for printing papers were down from both 2012 and 2011.\nRevenue from packaging products was flat at $1.6 billion in 2013, 2012 and 2011 despite the significant decline of a large high-tech customer's business.\nPackaging margins remained flat to the 2012 level, and up from 2011.\nFacility supplies annual revenue was $845 million in 2013, down from $944 million in 2012 and $981 million in 2011.\nOperating profits in 2013 included a goodwill impairment charge of $400 million and reorganization costs for severance, professional services and asset write-downs of $32 million.\nOperating profits in 2012 and 2011 included reorganization costs of $49 million and $52 million, respectively.\nLooking ahead to the 2014 first quarter, operating profits will be seasonally lower, but will continue to reflect the benefits of strategic and other cost reduction initiatives."}
{"_id": "d8d70d320", "title": "", "text": "| Period Total Numberof SharesPurchased AveragePrice Paidper Share Total Number ofShares NotPurchased as Part ofPublicly AnnouncedPlans or Programs (a) Total Number ofShares Purchased asPart of PubliclyAnnounced Plans orPrograms Approximate DollarValue of Shares thatMay Yet Be PurchasedUnder the Plans orPrograms (b) | October 2016 | November 2016 | December 2016 | Total |"}
{"_id": "d86e8e25e", "title": "", "text": "| Year Ended December 31, 2017 to 2018 % Change 2016 to 2017 % Change | 2018 | (in thousands) | Cost of revenue | Cost of revenue as a percentage of revenue |"}
{"_id": "d842c8cfa", "title": "", "text": "| Period Total Number of Shares Purchased-1 Average Price Paid per Share-2 Total Number of Shares Purchased as Part of Publicly Announced Plans orPrograms Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans orPrograms  (in millions) | October 2012 | November 2012 | December 2012 | Total Fourth Quarter |"}
{"_id": "d863b74de", "title": "", "text": "REPUBLIC SERVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) Employee Stock Purchase Plan Republic employees are eligible to participate in an employee stock purchase plan.\nThe plan allows participants to purchase our common stock for 95% of its quoted market price on the last day of each calendar quarter.\nFor the years ended December 31, 2017, 2016 and 2015, issuances under this plan totaled 113,941 shares, 130,085 shares and 141,055 shares, respectively.\nAs of December 31, 2017, shares reserved for issuance to employees under this plan totaled 0.4 million and Republic held employee contributions of approximately $1.8 million for the purchase of common stock.12.\nSTOCK REPURCHASES AND DIVIDENDS Stock Repurchases Stock repurchase activity during the years ended December 31, 2017 and 2016 follows (in millions except per share amounts):"}
{"_id": "d8f1c97fe", "title": "", "text": "In addition to product warranties, the Company, from time to time in its normal course of business, indemnifies other parties, with whom it enters into contractual relationships, including customers, lessors and parties to other transactions with the Company, with respect to certain matters.\nIn these limited matters, the Company has agreed to hold certain third parties harmless against specific types of claims or losses, such as those arising from a breach of representations or covenants, third-party claims that the Company’s products when used for their intended purpose(s) and under specific conditions infringe the intellectual property rights of a third party, or other specified claims made against the indemnified party.\nIt is not possible to determine the maximum potential amount of liability under these indemnification obligations due to the unique facts and circumstances that are likely to be involved in each particular claim and indemnification provision.\nHistorically, payments made by the Company under these obligations have not been material."}
{"_id": "d8694b8d2", "title": "", "text": "During the fourth quarter of 2008, the IRS started the field examination of the Companys 2006 and 2007 tax years.\nThe Company also has several state and Non-U.\nS.  audits pending.\nA summary of open tax years by major jurisdiction is presented below:"}
{"_id": "d8f3b24c6", "title": "", "text": "| 2007 2006 2005 | (in thousands) | Stock-based compensation expense by type: | Stock options | Restricted stock awards | Total stock-based compensation expense | Tax benefit recognized | Stock-based compensation expense, net of tax |"}
{"_id": "d8c3ab160", "title": "", "text": "Interest credited to contractholder funds decreased 10.1% or $270 million in 2008 compared to 2007 and increased 2.8% or $72 million in 2007 compared to 2006.\nThe decrease in 2008 compared to 2007 was due primarily to a decline in average contractholder funds, decreased weighted average interest crediting rates on institutional products resulting from a decline in market interest rates on floating rate obligations, and a favorable change in amortization of DSI relating to realized capital gains and losses, partially offset by the acceleration of amortization of DSI due to changes in assumptions.\nThe acceleration of amortization of DSI due to changes in assumptions increased interest credited to contractholder funds by $70 million in 2008 compared to amortization deceleration which decreased interest credited to contractholder funds by $5 million in 2007.\nThe increase in interest credited to contractholder funds in 2007 compared to 2006 was due primarily to growth in average contractholder funds and, to a lesser extent, higher weighted average interest crediting rates on institutional products, which are detailed in the table of investment yields, crediting rates and investment spreads by product below.\nThe increase was partially offset by the impact of the reinsured variable annuity business.\nExcluding the impact of the reinsured variable annuity business, interest credited to contractholder funds increased 3.7% in 2007 compared to 2006.\nIn order to analyze the impact of net investment income and interest credited to contractholders on net income, we monitor the difference between net investment income and the sum of interest credited to contractholder funds and the implied interest on immediate annuities with life contingencies, which is included as a component of life and annuity contract benefits on the Consolidated Statements of Operations (‘‘investment spread’’).\nThe investment spread by product group is shown in the following table."}
{"_id": "d8126d1c8", "title": "", "text": "| Developed Acreage Undeveloped Acreage | Gross | (thousands) | United States | Onshore | Offshore | Total United States | International | Equatorial Guinea | Cameroon | Israel | North Sea-1 | China | Suriname | France-2 | Nicaragua | Cyprus-3 | India | Total International | Total | December 31,2015 | (millions) | Long-Term Debt, Net-1 |"}
{"_id": "d88916c16", "title": "", "text": "Item 4.\nMine Safety Disclosures.\nNot applicable."}
{"_id": "d891db1f8", "title": "", "text": "| Operating Leases Aggregate Debt Maturities | 2005 | 2006 | 2007 | 2008 | 2009 | Thereafter | Total obligations and commitments |"}
{"_id": "d8ec4f3be", "title": "", "text": "| At December 31, 2008 Gross   Transaction   Notional   Amount(a) Subordination   Below the   Super Senior   Risk Layer Net   Notional   Amount(b) Fair Value   of Derivative   Liability | (In millions) | High grade with sub-prime collateral | High grade with no sub-prime collateral | Total high grade(c) | Mezzanine with sub-prime | Mezzanine with no sub-prime | Total mezzanine(d) | Total |"}
{"_id": "d83b5a090", "title": "", "text": "| September 30, 2009 September 30, 2008 | Carrying Amount | (in 000’s) | Financial Assets: | Bank Loans, Net | Financial Liabilities: | Bank Deposits | Other Borrowings | Corporate Debt |"}
{"_id": "d889a8030", "title": "", "text": "| 2009 period Total sharespurchased(a) Averagepricepaid pershare Total sharespurchased aspartofpubliclyannouncedprograms (b) Maximumnumber ofshares thatmay yet bepurchasedunder theprograms (b) | October 1 –October 31 | November 1 –November 30 | December 1 –December 31 | Total |"}
{"_id": "d86773bcc", "title": "", "text": "| Sites Corporate BD Life Sciences BD Medical Mixed(A) Total | Leased | Owned | Total | Square feet |"}
{"_id": "d81658f8a", "title": "", "text": "| 2003 $17,274 | 2004 | 2005 | 2006 | 2007 | Thereafter | Total minimum lease payments |"}
{"_id": "d8ae815aa", "title": "", "text": "| December 31, 2015 December 31, 2014 | Asset Class | Investment funds | Limited partnerships | Fixed income securities | Insurance contracts | Other | Total | Year ended December 31, 2015 | Investment Funds | Balance at beginning of period | Actual return on assets: | Assets sold during the year | Assets still held at year end | Net purchases, sales and settlements | Transfers in/out of Level 3 | Balance at end of period |"}
{"_id": "d879b9b56", "title": "", "text": "| Year ended December 31, | (Dollars in thousands, except ratios) | Allowance for loan losses, beginning balance | Provision for loan losses | Gross loan charge-offs | Loan recoveries | Allowance for loan losses, ending balance | Provision as a percentage of period-end total gross loans | Gross loan charge-offs as a percentage of average total gross loans | Net loan charge-offs as a percentage of average total gross loans | Allowance for loan losses as a percentage of period-end total gross loans | Period-end total gross loans | Average total gross loans |"}
{"_id": "d8d5dd856", "title": "", "text": "| Year Ended December 31, | (millions) | (Gain) Loss on Commodity Derivative Instruments | Interest, Net of Amount Capitalized | Other Non-Operating (Income) Expense, Net | Total |"}
{"_id": "d8f629f56", "title": "", "text": "Table of Contents As of December 31, 2013, there were $22 million of total unrecognized compensation costs related to SARs.\nThese costs are expected to be recognized over a weighted average period of 0.7 years.\nThe total intrinsic value of stock options and SARs exercised during the 23 day period ending December 31, 2013 was $0.5 million.\nAs of December 31, 2013, the weighted average fair value of outstanding CSARs was $19.11 per share and the related liability was $52 million.\nThese CSARs will continue to be remeasured at fair value at each reporting date until all awards are settled.\nAs of December 31, 2013, the total unrecognized compensation expense for CSARs was $2 million and is expected to be recognized over a weighted average period of 0.3 years.\nTotal cash paid for CSARs exercised during the during the 23 day period ending December 31, 2013 was $0.5 million."}
{"_id": "d861b4858", "title": "", "text": "| $ in millions Total 2019 2020- 2021 2022- 2023 2024 and beyond | Long-term debt | Interest payments on long-term debt | Operating leases | Purchase obligations-1 | Other long-term liabilities-2 | Total contractual obligations |"}
{"_id": "d8dbce88c", "title": "", "text": "| Year Ended December 31, 2008 (In millions) | Balance, December 31, 2007 | Impact of SFAS 157 and SFAS 159 adoption | Balance, beginning of period | Total realized/unrealized gains (losses) included in: | Earnings | Other comprehensive income (loss) | Purchases, sales, issuances and settlements | Transfer in and/or out of Level 3 | Balance, end of period |"}
{"_id": "d8db0b18e", "title": "", "text": "2017 vs.  2016 Sales of $82.6 decreased $153.4, primarily due to lower LNG project activity.\nWe expect continued weakness in new LNG project orders due to continued oversupply of LNG in the market.\nOperating loss of $170.6 increased $83.0 due to lower LNG activity, partially offset by productivity improvements and income from transition service agreements with Versum and Evonik.2016 vs.  2015 Sales of $236.0 decreased $79.4, or 25%, primarily due to lower LNG sale of equipment activity.\nOperating loss of $87.6 increased 1%, or $1.1, due to lower LNG activity, mostly offset by benefits from our recent cost reduction actions and lower foreign exchange losses.\nRECONCILIATION OF NON-GAAP FINANCIAL MEASURES (Millions of dollars unless otherwise indicated, except for per share data) The Company has presented certain financial measures on a non-GAAP (“adjusted”) basis and has provided a reconciliation to the most directly comparable financial measure calculated in accordance with GAAP.\nThese financial measures are not meant to be considered in isolation or as a substitute for the most directly comparable financial measure calculated in accordance with GAAP.\nThe Company believes these non-GAAP measures provide investors, potential investors, securities analysts, and others with useful supplemental information to evaluate the performance of the business because such measures, when viewed together with our financial results computed in accordance with GAAP, provide a more complete understanding of the factors and trends affecting our historical financial performance and projected future results.\nIn many cases, our non-GAAP measures are determined by adjusting the most directly comparable GAAP financial measure to exclude certain disclosed items (“non-GAAP adjustments”) that we believe are not representative of the underlying business performance.\nFor example, Air Products has executed its strategic plan to restructure the Company to focus on its core Industrial Gases business.\nThis resulted in significant cost reduction and asset actions that we believe are important for investors to understand separately from the performance of the underlying business.\nThe reader should be aware that we may incur similar expenses in the future.\nThe tax impact of our non-GAAP adjustments reflects the expected current and deferred income tax expense impact of the transactions and is impacted primarily by the statutory tax rate of the various relevant jurisdictions and the taxability of the adjustments in those jurisdictions.\nInvestors should also consider the limitations associated with these non-GAAP measures, including the potential lack of comparability of these measures from one company to another."}
{"_id": "d87ee52f6", "title": "", "text": "Company Stock Performance The following graph shows a five-year comparison of cumulative total shareholder return, calculated on a dividend reinvested basis, for the Company, the S&P 500 Composite Index, the S&P Computer Hardware Index, and the Dow Jones U. S.  Technology Index.\nThe graph assumes $100 was invested in each of the Company’s common stock, the S&P 500 Composite Index, the S&P Computer Hardware Index, and the Dow Jones U. S.  Technology Index on September 30, 2006.\nData points on the graph are annual.\nNote that historic stock price performance is not necessarily indicative of future stock price performance."}
{"_id": "d8ed6d9a8", "title": "", "text": "| Twelve Months Ended December 31 | 2007  VAR | (Dollars in millions) | Foreign exchange | Interest rate | Credit | Real estate/mortgage | Equities | Commodities | Portfolio diversification | Total market-based trading portfolio-3 |"}
{"_id": "d8e5e58d4", "title": "", "text": "| Twelve Months Ended December 31, Change | 2018 vs. 2017 | Workforce Solutions | (In millions) | Operating Revenue: | Verification Services | Employer Services | Total operating revenue | % of consolidated revenue | Total operating income | Operating margin |"}
{"_id": "d8a823546", "title": "", "text": "| At December 31, 2010(dollars in millions)Range of Maturities Currency Range of Interest Rates U.S. Dollar Carrying Value | 2011 - 2054 | 2011 - 2047 | 2011 - 2040 | 2011 - 2017 | 2014 | 2016 - 2017 | 2012 | 2011 - 2017 | 2013 | 2012 - 2017 | Total |"}
{"_id": "d87e56ae2", "title": "", "text": "| For the Year Ended December 31, 2004 | Percentage | Gross-1 | (In millions) | Life insurance | Accident and health | Property and casualty | Total consolidated |"}
{"_id": "d8af9da56", "title": "", "text": "| Amount (In Thousands) | 2018 | 2019 | 2020 | 2021 | 2022 |"}
{"_id": "d8861ef5e", "title": "", "text": "Income Taxes Deferred income taxes are provided for revenue and expenses which are recognized in different periods for income tax and financial statement reporting purposes.\nAt December 31, 2015, the cumulative amount of undistributed earnings of foreign affiliated companies was approximately $3,699.\nDeferred income taxes are not provided on undistributed earnings of foreign affiliated companies as it is the Company’s intention to reinvest these earnings permanently outside the U. S.  It is not practicable to estimate the amount of tax that might be payable if undistributed earnings were to be repatriated as there is a significant amount of uncertainty with respect to the tax impact of the remittance of these earnings due to the fact that dividends received from numerous foreign subsidiaries may generate additional foreign tax credits, which could ultimately reduce the U. S.  tax cost of the dividend.\nThese uncertainties are further complicated by the significant number of foreign tax jurisdictions and entities involved.\nDeferred tax assets are regularly assessed for recoverability based on both historical and anticipated earnings levels and a valuation allowance is recorded when it is more likely than not that these amounts will not be recovered.\nThe tax effects of an uncertain tax position taken or expected to be taken in income tax returns are recognized only if it is “more likely than not” to be sustained on examination by the taxing authorities,\nEntergy Corporation and Subsidiaries Management’s Financial Discussion and Analysis ($66 million net-of-tax) as a result of customer credits to be realized by electric customers of Entergy Louisiana, consistent with the terms of the stipulated settlement in the business combination proceeding.\nSee Note 2 to the financial statements for further discussion of the business combination and customer credits.\nResults of operations for 2015 also include the sale in December 2015 of the 583 MW Rhode Island State Energy Center for a realized gain of $154 million ($100 million net-of-tax) on the sale and the $77 million ($47 million net-of-tax) write-off and regulatory charges to recognize that a portion of the assets associated with the Waterford 3 replacement steam generator project is no longer probable of recovery.\nSee Note 14 to the financial statements for further discussion of the Rhode Island State Energy Center sale.\nSee Note 2 to the financial statements for further discussion of the Waterford 3 replacement steam generator prudence review proceeding."}
{"_id": "d879c591a", "title": "", "text": "| Year Ended December 31, 2012 2011 2010 | Issuances of debt | Payments of debt | Issuances of stock | Purchases of stock for treasury | Dividends | Other financing activities | Net cash provided by (used in) financing activities |"}
{"_id": "d89c0363a", "title": "", "text": "Segment Expenses.\nCommission and brokerage decreased 1.4% to $295.9 million in 2013 compared to $300.1 million in 2012.\nThis decrease was primarily due to the shift in the mix of business towards property catastrophe and excess of loss business, which have lower commission rates, partially offset by the impact of the increase in premiums earned.\nSegment other underwriting expenses increased to $33.9 million in 2013 compared to $29.3 million in 2012.\nThese increases relate to higher compensation expenses.\nCommission and brokerage decreased 3.5% to $300.1 million in 2012 compared to $311.0 million in 2011.\nThis is consistent with the reduction in earned premium and a shift in the mix of business towards property catastrophe and excess of loss business which have lower commission rates.\nSegment other underwriting expenses increased to $29.3 million in 2012 compared to $27.3 million for the same period in 2011.\nThe increase relates to higher personnel benefit costs"}
{"_id": "d8833be7c", "title": "", "text": "Part I Item 1.  Business.\nGeneral Development of Business General: Altria Group, Inc.  is a holding company incorporated in the Commonwealth of Virginia in 1985.\nAt December 31, 2014, Altria Group, Inc. s wholly-owned subsidiaries included Philip Morris USA Inc.  (PM USA), which is engaged predominantly in the manufacture and sale of cigarettes in the United States; John Middleton Co.  (Middleton), which is engaged in the manufacture and sale of machine-made large cigars and pipe tobacco, and is a whollyowned subsidiary of PM USA; and UST LLC (UST), which through its wholly-owned subsidiaries, including U. S.  Smokeless Tobacco Company LLC (USSTC) and Ste.\nMichelle Wine Estates Ltd.  (Ste.\nMichelle), is engaged in the manufacture and sale of smokeless tobacco products and wine.\nAltria Group, Inc. s other operating companies included Nu Mark LLC (Nu Mark), a wholly-owned subsidiary that is engaged in the manufacture and sale of innovative tobacco products, and Philip Morris Capital Corporation (PMCC), a wholly-owned subsidiary that maintains a portfolio of finance assets, substantially all of which are leveraged leases.\nOther Altria Group, Inc.  wholly-owned subsidiaries included Altria Group Distribution Company, which provides sales, distribution and consumer engagement services to certain Altria Group, Inc.  operating subsidiaries, and Altria Client Services Inc. , which provides various support services, such as legal, regulatory, finance, human resources and external affairs, to Altria Group, Inc.  and its subsidiaries.\nAt December 31, 2014, Altria Group, Inc.  also held approximately 27% of the economic and voting interest of SABMiller plc (SABMiller), which Altria Group, Inc.  accounts for under the equity method of accounting.\nSource of Funds: Because Altria Group, Inc.  is a holding company, its access to the operating cash flows of its whollyowned subsidiaries consists of cash received from the payment of dividends and distributions, and the payment of interest on intercompany loans by its subsidiaries.\nAt December 31, 2014, Altria Group, Inc. s principal wholly-owned subsidiaries were not limited by long-term debt or other agreements in their ability to pay cash dividends or make other distributions with respect to their equity interests.\nIn addition, Altria Group, Inc.  receives cash dividends on its interest in SABMiller if and when SABMiller pays such dividends.\nFinancial Information About Segments Altria Group, Inc. s reportable segments are smokeable products, smokeless products and wine.\nThe financial services and the innovative tobacco products businesses are included in an all other category due to the continued reduction of the lease portfolio of PMCC and the relative financial contribution of Altria Group, Inc. s innovative tobacco products businesses to Altria Group, Inc. s consolidated results.\nAltria Group, Inc. s chief operating decision maker reviews operating companies income to evaluate the performance of, and allocate resources to, the segments.\nOperating companies income for the segments is defined as operating income before amortization of intangibles and general corporate expenses.\nInterest and other debt expense, net, and provision for income taxes are centrally managed at the corporate level and, accordingly, such items are not presented by segment since they are excluded from the measure of segment profitability reviewed by Altria Group, Inc. s chief operating decision maker.\nNet revenues and operating companies income (together with a reconciliation to earnings before income taxes) attributable to each such segment for each of the last three years are set forth in Note 15.\nSegment Reporting to the consolidated financial statements in Item 8.\nFinancial Statements and Supplementary Data of this Annual Report on Form 10-K (Item 8).\nInformation about total assets by segment is not disclosed because such information is not reported to or used by Altria Group, Inc. s chief operating decision maker.\nSegment goodwill and other intangible assets, net, are disclosed in Note 4.\nGoodwill and Other Intangible Assets, net to the consolidated financial statements in Item 8 (Note 4).\nThe accounting policies of the segments are the same as those described in Note 2.\nSummary of Significant Accounting Policies to the consolidated financial statements in Item 8 (Note 2).\nThe relative percentages of operating companies income (loss) attributable to each reportable segment and the all other category were as follows:"}
{"_id": "d87f3c3f8", "title": "", "text": "Merger and Integration Related Expenses There were no merger or integration related expenses for the year ended December 31, 2015, as these expenses related primarily to severance, legal, professional, temporary systems, staffing, and facilities costs incurred for the acquisition and integration of Colonial.\nFor the year ended December 31, 2014, merger and integration related expenses were approximately $3.2 million and $8.4 million, respectively."}
{"_id": "d816221ce", "title": "", "text": "Services and Support Cost of services and support revenue is primarily comprised of employee-related costs and associated costs incurred to provide consulting services, training and product support.\nCost of services and support revenue increased during fiscal 2014 as compared to fiscal 2013 primarily due to increases in compensation and related benefits driven by additional headcount and third-party fees related to training and consulting services provided to our customers.\nCost of services and support revenue increased during fiscal 2013 as compared to fiscal 2012 primarily due to increases in third-party fees related to training and consulting services provided to our customers and compensation and related benefits driven by additional headcount, including headcount from our acquisition of Neolane in fiscal 2013."}
{"_id": "d8e264322", "title": "", "text": "Note 5: Allowance for Uncollectible Accounts The following table summarizes the changes in the Companys allowances for uncollectible accounts for the years ended December 31:\nMetLife, Inc.  Notes to the Consolidated Financial Statements  (Continued) Credit Risk on Freestanding Derivatives The Company may be exposed to credit-related losses in the event of nonperformance by counterparties to derivative financial instruments.\nGenerally, the current credit exposure of the Companys derivative contracts is limited to the net positive estimated fair value of derivative contracts at the reporting date after taking into consideration the existence of netting agreements and any collateral received pursuant to credit support annexes.\nThe Company manages its credit risk related to over-the-counter derivatives by entering into transactions with creditworthy counterparties, maintaining collateral arrangements and through the use of master agreements that provide for a single net payment to be made by one counterparty to another at each due date and upon termination.\nBecause exchange-traded futures are effected through regulated exchanges, and positions are marked to market on a daily basis, the Company has minimal exposure to credit-related losses in the event of nonperformance by counterparties to such derivative instruments.\nSee Note 1 for a description of the impact of credit risk on the valuation of derivative instruments.\nThe Company enters into various collateral arrangements, which require both the pledging and accepting of collateral in connection with its derivative instruments.\nAt December 31, 2009 and 2008, the Company was obligated to return cash collateral under its control of $2,680 million and $7,758 million, respectively.\nThis unrestricted cash collateral is included in cash and cash equivalents or in short-term investments and the obligation to return it is included in payables for collateral under securities loaned and other transactions in the consolidated balance sheets.\nAt December 31, 2009 and 2008, the Company had also accepted collateral consisting of various securities with a fair market value of $221 million and $1,249 million, respectively, which are held in separate custodial accounts.\nThe Company is permitted by contract to sell or repledge this collateral, but at December 31, 2009, none of the collateral had been sold or repledged.\nThe Companys collateral arrangements for its over-the-counter derivatives generally require the counterparty in a net liability position, after considering the effect of netting agreements, to pledge collateral when the fair value of that counterpartys derivatives reaches a predetermined threshold.\nCertain of these arrangements also include credit-contingent provisions that provide for a reduction of these thresholds (on a sliding scale that converges toward zero) in the event of downgrades in the credit ratings of the Company and/or the counterparty.\nIn addition, certain of the Companys netting agreements for derivative instruments contain provisions that require the Company to maintain a specific investment grade credit rating from at least one of the major credit rating agencies.\nIf the Companys credit ratings were to fall below that specific investment grade credit rating, it would be in violation of these provisions, and the counterparties to the derivative instruments could request immediate payment or demand immediate and ongoing full overnight collateralization on derivative instruments that are in a net liability position after considering the effect of netting agreements.\nThe following table presents the estimated fair value of the Companys over-the-counter derivatives that are in a net liability position after considering the effect of netting agreements, together with the estimated fair value and balance sheet location of the collateral pledged.\nThe table also presents the incremental collateral that the Company would be required to provide if there was a one notch downgrade in the Companys credit rating at the reporting date or if the Companys credit rating sustained a downgrade to a level that triggered full overnight collateralization or termination of the derivative position at the reporting date.\nDerivatives that are not subject to collateral agreements are not included in the scope of this table."}
{"_id": "d88043486", "title": "", "text": "Threadneedle Equity Incentive Plan Prior to 2012, certain key Threadneedle employees were eligible for awards under the EIP based on a formula tied to Threadneedle’s financial performance.\nAwards under the EIP were first made in April 2009; prior awards were made under the equity participation plan (‘‘EPP’’).\nIn 2011, Threadneedle’s articles of incorporation were amended to create a new class of Threadneedle corporate units to be granted under a modified EIP plan.\nEmployees who held EIP units granted prior to 2011 were given the choice to exchange their existing units at the exchange date.\nEIP awards may be settled in cash or Threadneedle corporate units according to the award’s terms.\nFor awards granted prior to 2011, the EIP provides for 100% vesting after three years, with a mandatory call after six years.\nFor converted units and awards granted after February 2011, the EIP provides for 100% vesting after two and a half years, with no mandatory call date.\nConverted units and units granted after February 2011 have dividend rights once fully vested.\nThe EPP provides for 50% vesting after three years and 50% vesting after four years, with required cash-out after five years.\nEIP and EPP awards are subject to forfeitures based on future service requirements.\nThe EIP awards were no longer awarded after 2012 and instead Threadneedle employees received awards under the 2005 ICP.\nThe value of the EPP and EIP awards is recognized as compensation expense evenly over the vesting periods.\nGenerally, the expense is based on the grant date fair value of the awards as determined by an annual independent valuation of Threadneedle’s fair market value; however, for awards accounted for as a liability the expense is adjusted to reflect Threadneedle’s current calculated value (the change in the value of the awards is recognized immediately for vested awards and over the remaining vesting period for unvested awards).\nDuring the years ended December 31, 2014, 2013 and 2012, cash settlements of EPP and EIP awards were $28 million, $23 million and $31 million, respectively."}
{"_id": "d8dd8d4a2", "title": "", "text": "| Credit valuation adjustment contra-liability (contra-asset) | December 31, | In millions of dollars | Non-monoline counterparties | Citigroup (own) | Net non-monoline CVA | Monoline counterparties-1 | Total CVA—derivative instruments |"}
{"_id": "d87549198", "title": "", "text": "VISA INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) September 30, 2009 (in millions, except as noted) common stock outstanding on an as-converted basis, this funding had the effect of a repurchase by the Company of the equivalent of 20,800,824 class A shares.\nThe repurchase amount per share of $52.88 was calculated using the volume-weighted average price of the Company’s class A shares for the 15-trading day period from December 1, 2008, to December 19, 2008 in accordance with the Fifth Amended and Restated Certificate of Incorporation of Visa Inc.  On July 16, 2009, the Company funded the Escrow Account with an additional $700 million, which reduced the conversion rate applicable to Visa’s class B common stock from 0.6296 class A share per class B share to 0.5824 class A share per class B share.\nWith respect to the number of shares of class A common stock outstanding on an as-converted basis, this funding had the effect of a repurchase by the Company of the equivalent of 11,578,878 class A shares.\nThe repurchase amount per share of $60.45 was calculated using the volume weighted average price of the Company’s class A shares for the 11-trading day pricing period from June 30, 2009 to July 15, 2009 in accordance with the Fifth Amended and Restated Certificate of Incorporation of Visa Inc.  After giving effect to the fiscal 2009 escrow fundings and the corresponding reduction in the conversion rate applicable to class B common stock outstanding, the number of class A shares outstanding on an as-converted basis is as follows:"}
{"_id": "d8740b844", "title": "", "text": "Note 18.\nColombian Investment and Cooperation Agreement:On June 19, 2009, PMI announced that it had signed an agreement with the Republic of Colombia, together with the Departments of Colombia and the Capital District of Bogota, to promote investment and cooperation with respect to the Colombian tobacco market and to fight counterfeit and contraband tobacco products.\nThe Investment and Cooperation Agreement provides $200 million in funding to the Colombian governments over a 20-year period to address issues of mutual interest, such as combating the illegal cigarette trade, including the threat of counterfeit tobacco products, and increasing the quality and quantity of locally grown tobacco.\nAs a result of the Investment and Cooperation Agreement, PMI recorded a pre-tax charge of $135 million in the operating results of the Latin America & Canada segment during the second quarter of 2009.\nAt December 31, 2014 and 2013, PMI had $71 million and $74 million, respectively, of discounted liabilities associated with the Colombian Investment and Cooperation Agreement.\nThese discounted liabilities are primarily reflected in other long-term liabilities on the consolidated balance sheets and are expected to be paid through 2028."}
{"_id": "d88cbaa8e", "title": "", "text": "Proved Oil and Natural Gas Reserve Information.\nThe following information summarizes the net proved reserves of oil (including condensate and natural gas liquids (NGLs)) and natural gas and the standardized measure as described below.\nAll of the oil and natural gas reserves are located in the U. S.  Management believes the reserve estimates presented herein, in accordance with generally accepted engineering and evaluation principles consistently applied, are reasonable.\nHowever, there are numerous uncertainties inherent in estimating quantities and values of proved reserves and in projecting future rates of production and the amount and timing of development expenditures, including many factors beyond FCX’s control.\nReserve engineering is a subjective process of estimating the recovery from underground accumulations of oil and natural gas that cannot be measured in an exact manner, and the accuracy of any reserve estimate is a function of the quality of available data and of engineering and geological interpretation and judgment.\nBecause all oil and natural gas reserve estimates are to some degree subjective, the quantities of oil and natural gas that are\nThe following table details the growth in global weighted average berths and the global, North American, European and Asia/Pacific cruise guests over the past five years (in thousands, except berth data):"}
{"_id": "d8f8d68b2", "title": "", "text": "| Reserves(billions of tons) Number of Aggregates Operating Facilities1 | Stone | By Division: | Florida Rock | Mideast | Midsouth | Midwest | Southeast | Southern and Gulf Coast | Southwest | Western | Total |"}
{"_id": "d8e1e392a", "title": "", "text": "| For the Years Ended December 31, | (In millions) | Net capital expenditures | Acquisitions | Other investing activities, net(a) | Net cash flows used in investing activities | Argentina | Australia | Belgium | Brazil | Canada | Chile | China | Colombia | Costa Rica | Czech Republic |"}
{"_id": "d8a3623ea", "title": "", "text": "Input costs for board and resin are expected to be flat and operating costs are expected to decrease.\nEuropean Consumer Packaging net sales in 2013 were $380 million compared with $380 million in 2012 and $375 million in 2011.\nOperating profits in 2013 were $100 million compared with $99 million in 2012 and $93 million in 2011.\nSales volumes in 2013 decreased from 2012 in both the European and Russian markets.\nAverage sales price realizations were significantly higher in the Russian market, but were lower in Europe.\nInput costs were flat year-over-year.\nPlanned maintenance downtime costs were higher in 2013 than in 2012.\nLooking forward to the first quarter of 2014, sales volumes compared with the fourth quarter of 2013 are expected to be about flat.\nAverage sales price realizations are expected to be higher in both Russia and Europe.\nInput costs are expected to increase for wood and energy, but decrease for purchased pulp.\nThere are no maintenance outages scheduled for the first quarter, however the Kwidzyn mill will have additional costs associated with the rebuild of a coated board machine.\nAsian Consumer Packaging net sales were $1.1 billion in 2013 compared with $830 million in 2012 and $855 million in 2011.\nOperating profits in 2013 were a loss of $2 million compared with gains of $4 million in 2012 and $35 million in 2011.\nSales volumes increased in 2013 compared with 2012, reflecting the ramp-up of a new coated paperboard machine installed in 2012.\nHowever, average sales price realizations were significantly lower, reflecting competitive pressure on sales prices which squeezed margins and created an unfavorable product mix.\nLower input costs were offset by higher freight costs.\nIn 2012, start-up costs for the new coated paperboard machine adversely impacted operating profits.\nIn the first quarter of 2014, sales volumes are expected to increase slightly.\nAverage sales price realizations are expected to be flat reflecting continuing competitive pressures.\nInput costs are expected be higher for pulp, energy and chemicals.\nThe business will drive margin improvement through operational excellence and better mix."}
{"_id": "d8a5c00d8", "title": "", "text": "LIQUIDITY AND CAPITAL RESOURCES Overview A major factor in International Papers liquidity and capital resource planning is its generation of operating cash flow, which is highly sensitive to changes in the pricing and demand for our major products.\nWhile changes in key cash operating costs, such as energy and raw material costs, do have an effect on operating cash generation, we believe that our strong focus on cost controls has improved our cash flow generation over an operating cycle.\nAs part of the continuing focus on improving our return on investment, we have focused our capital spending on improving our key paper and packaging businesses both globally and in North America.\nSpending levels have been kept below the level of depreciation and amortization charges for each of the last three years, and we anticipate spending will again be slightly below depreciation and amortization in 2007.  Financing activities in 2006 have been focused on the Transformation Plan objective of strengthening the balance sheet through repayment of debt, resulting in a net reduction in 2006 of $5.2 billion following a $1.7 billion net reduction in 2005.\nAdditionally, we made a $1.0 billion voluntary cash contribution to our U. S.  qualified pension plan in December 2006 to begin satisfying projected long-term funding requirements and to lower future pension expense.\nOur liquidity position continues to be strong, with approximately $3.0 billion of committed liquidity to cover future short-term cash flow requirements not met by operating cash flows.\nManagement believes it is important for International Paper to maintain an investment-grade credit rating to facilitate access to capital markets on favorable terms.\nAt December 31, 2006, the Company held long-term credit ratings of BBB (stable outlook) and Baa3 (stable outlook) from Standard & Poors and Moodys Investor Services, respectively.\nCash Provided by Operations Cash provided by continuing operations totaled $1.0 billion for 2006, compared with $1.2 billion for 2005 and $1.7 billion in 2004.\nThe 2006 amount is net of a $1.0 billion voluntary cash pension plan contribution made in the fourth quarter of 2006.\nThe major components of cash provided by continuing operations are earnings from continuing operations"}
{"_id": "d86dbb250", "title": "", "text": "| Guarantee Type 0 – 3 years 4 – 10 years > 10 years Total | (Millions of Dollars) | NY Transco | Energy transactions | Renewable electric production projects | Other | Total |"}
{"_id": "d8a8622dc", "title": "", "text": "Global Investment Management Revenue decreased by $90.9 million, or 19.7%, for the year ended December 31, 2016 as compared to the year ended December 31, 2015.\nThis decrease was primarily driven by lower carried interest revenue as well as lower acquisition, asset management and incentive fees in the current year.\nForeign currency translation had an $11.8 million negative impact on total revenue during the year ended December 31, 2016 versus the same period in 2015, primarily driven by weakness in the British pound sterling.\nOperating, administrative and other expenses decreased by $50.8 million, or 14.6%, for the year ended December 31, 2016 as compared to the same period in 2015, primarily driven by lower carried interest expense incurred in the current year.\nAdditionally, foreign currency had a net $5.0 million positive impact on total operating expenses during the year ended December 31, 2016, which included $2.7 million of unfavorable foreign currency transaction activity over the same period last year, much of which related to hedging activities, that was more than offset by a $7.7 million positive impact from foreign currency translation.\nThese decreases were partially offset by $19.8 million of additional costs in 2016 versus 2015 in connection with our costelimination project."}
{"_id": "d86d9fdb6", "title": "", "text": "| Year Ended December 31, | 2009 | Average Variable Transaction Fee Per Million | U.S. high-grade | Eurobond | Other | Total |"}
{"_id": "d8c5b6072", "title": "", "text": "At December 31, 2012, the gross reserves for A&E losses were comprised of $138,449 thousand representing case reserves reported by ceding companies, $90,637 thousand representing additional case reserves established by the Company on assumed reinsurance claims, $36,667 thousand representing case reserves established by the Company on direct excess insurance claims, including Mt.\nMcKinley, and $177,068 thousand representing IBNR reserves.\nWith respect to asbestos only, at December 31, 2012, the Company had gross asbestos loss reserves of $422,849 thousand, or 95.5%, of total A&E reserves, of which $339,654 thousand was for assumed business and $83,195 thousand was for direct business.\nFuture Policy Benefit Reserve.\nActivity in the reserve for future policy benefits is summarized for the periods indicated:"}
{"_id": "d8693f46a", "title": "", "text": "Incurred losses increased by 52.8% to $1,632.8 million in 2017, compared to $1,068.5 million in 2016, primarily due to an increase of $581.6 million in current year catastrophe losses, partially offset by $39.1 million of more favorable development on prior years attritional losses in 2017 compared to 2016.\nThe $165.5 million of favorable development on prior years attritional losses in 2017 was mainly related to property and short tail business.\nThe $715.7 million of current year catastrophe losses in 2017 related to Hurricane Irma ($331.8 million), Hurricane Harvey ($204.3 million), the Northern California wildfires ($132.9 million), Hurricane Maria ($31.2 million), the Southern California wildfires ($9.6 million), and the 2017 US Midwest storms ($6.9 million).\nThe $134.1 million of current year catastrophe losses in 2016 related to Hurricane Matthew ($86.2 million), the 2016 U. S.  storms ($20.4 million), 2016 Tennessee wildfire ($14.7 million) and Hurricane Hermine ($13.5 million)."}
{"_id": "d874ac5be", "title": "", "text": "For further discussion of the company’s gas operating revenues and its gas results, see “Results of Operations” in Item 7.\nFor additional segment information, see Note N to the financial statements in Item 8.\nGas Peak Demand The gas peak demand for firm service customers in O&R’s service area occurs during the winter heating season.\nThe daily peak day demand during the winter 2010/2011 (through January 31, 2011) occurred on January 23, 2011 when the demand reached 176 mdths.\nThe 2010/2011 winter demand included an estimated 87 mdths for O&R’s full-service customers and 89 mdths for customers participating in its gas retail access program.\n“Design weather” for the gas system is a standard to which the actual peak demand is adjusted for evaluation and planning purposes.\nThe company estimates that under design weather conditions the 2011/2012 service area peak demand will be 224 mdths, including an estimated 110 mdths for its full-service customers and 114 mdths for its retail access customers.\nThe company forecasts average annual growth of the peak gas demand over the next five years at design conditions to be approximately 1.6 percent in the company’s service area.\nThe forecasted peak demand at design conditions does not include gas used by interruptible gas customers or in generating stations.\nThe company continues to monitor the potential impact on customer demand from the current economic condition"}
{"_id": "d8a8138a8", "title": "", "text": "ITEM 2.\nPROPERTIES Flight Equipment and Fleet Renewal As of December 31, 2017, American operated a mainline fleet of 948 aircraft.\nIn 2017, we continued our extensive fleet renewal program, which has provided us with the youngest fleet of the major U. S.  network carriers.\nDuring 2017, American took delivery of 57 new mainline aircraft and retired 39 mainline aircraft.\nWe are supported by our wholly-owned and third-party regional carriers that fly under capacity purchase agreements operating as American Eagle.\nAs of December 31, 2017, American Eagle operated 597 regional aircraft.\nDuring 2017, we reduced our regional fleet by a net of nine aircraft, including the addition of 63 regional aircraft and retirement of 72 regional aircraft.\nMainline As of December 31, 2017, Americans mainline fleet consisted of the following aircraft:"}
{"_id": "d82cf6990", "title": "", "text": "| Year Ended December 31, | 2014 | (In thousands) | Cash provided by operating activities | Cash used in investing activities | Cash provided by financing activities | (Decrease) increase in cash and cash equivalents | Cash and cash equivalents, beginning of year | Cash and cash equivalents, end of year |"}
{"_id": "d811fbfc8", "title": "", "text": "| Table 43 Commercial Real Estate Credit Quality Data December 31 | Nonperforming Loans andForeclosed Properties-1 | (Dollars in millions) | Non-homebuilder | Office | Multi-family rental | Shopping centers/retail | Industrial/warehouse | Multi-use | Hotels/motels | Land and land development | Other | Total non-homebuilder | Homebuilder | Total commercial real estate |"}
{"_id": "d885de986", "title": "", "text": "(1) Excludes our share of investments in unconsolidated entities and non-segment/corporate NOI.\nEntities in which we have a joint venture with a minority partner are shown at 100% of the joint venture amount.\nBusiness Strategy Our primary objectives are to protect stockholder capital and enhance stockholder value.\nWe seek to pay consistent cash dividends to stockholders and create opportunities to increase dividend payments to stockholders as a result of annual increases in net operating income and portfolio growth.\nTo meet these objectives, we invest across the full spectrum of seniors housing and health care real estate and diversify our investment portfolio by property type, relationship and geographic location.\nSubstantially all of our revenues are derived from operating lease rentals, resident fees and services, and interest earned on outstanding loans receivable.\nThese items represent our primary sources of liquidity to fund distributions and depend upon the continued ability of our obligors to make contractual rent and interest payments to us and the profitability of our operating properties.\nTo the extent that our customers/partners experience operating difficulties and become unable to generate sufficient cash to make payments to us, there could be a material adverse impact on our consolidated results of operations, liquidity and/or financial condition.\nTo mitigate this risk, we monitor our investments through a variety of methods determined by the type of property.\nOur proactive and comprehensive asset management process for seniors housing properties generally includes review of monthly financial statements and other operating data for each property, review of obligor/ partner creditworthiness, property inspections, and review of covenant compliance relating to licensure, real estate taxes, letters of credit and other collateral.\nOur internal property management division actively manages and monitors the outpatient medical portfolio with a comprehensive process including review of tenant relations, lease expirations, the mix of health service providers, hospital/health system relationships, property performance,"}
{"_id": "d8e73f360", "title": "", "text": "| Year ended December 31 | In millions, except  per share data | Net income | Diluted earnings per share | Return on | Average common shareholders’ equity | Average assets |"}
{"_id": "d86315422", "title": "", "text": "Although our revenues are principally derived from customers domiciled in the U. S. , the ultimate points of origination or destination for some products transported by us are outside the U. S.  Each of our commodity groups includes revenue from shipments to and from Mexico.\nIncluded in the above table are revenues from our Mexico business which amounted to $2.3 billion in 2014, $2.1 billion in 2013, and $1.9 billion in 2012.\nBasis of Presentation – The Consolidated Financial Statements are presented in accordance with accounting principles generally accepted in the U. S.  (GAAP) as codified in the Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC).2.\nSignificant Accounting Policies Principles of Consolidation – The Consolidated Financial Statements include the accounts of Union Pacific Corporation and all of its subsidiaries.\nInvestments in affiliated companies (20% to 50% owned) are accounted for using the equity method of accounting.\nAll intercompany transactions are eliminated.\nWe currently have no less than majority-owned investments that require consolidation under variable interest entity requirements.\nCash and Cash Equivalents – Cash equivalents consist of investments with original maturities of three months or less.\nAccounts Receivable – Accounts receivable includes receivables reduced by an allowance for doubtful accounts.\nThe allowance is based upon historical losses, credit worthiness of customers, and current economic conditions.\nReceivables not expected to be collected in one year and the associated allowances are classified as other assets in our Consolidated Statements of Financial Position."}
{"_id": "d8af10660", "title": "", "text": "| (Amounts in millions, except per share amounts) 2005 2004 2003 | Numerator: | Net income | Denominator: | Denominator for weighted average commonshares outstanding — basic | Dilution associated with the Company’sstock-based compensation plans | Denominator for weighted average commonshares outstanding — diluted | Earnings per share — basic | Earnings per share — diluted | Business Segment | Industrial | Safety and Graphics | Health Care | Electronics and Energy | Consumer | Net Sales | (Millions) | Industrial | Safety and Graphics | Health Care | Electronics and Energy | Consumer | Corporate and Unallocated | Elimination of Dual Credit | Total Company | Assets | (Millions) | Industrial | Safety and Graphics | Health Care | Electronics and Energy | Consumer | Corporate and Unallocated | Total Company | 2015 | Statutory U.S. tax rate | State income taxes - net of federal benefit | International income taxes - net | U.S. research and development credit | Reserves for tax contingencies | Domestic Manufacturer’s deduction | All other - net | Effective worldwide tax rate |"}
{"_id": "d87b803cc", "title": "", "text": "| December 31, 2008 December 31, 2007 | Assets | (Thousands of dollars) | Energy Services - financial non-trading instruments: | Natural gas | Exchange-traded instruments | Over-the-counter swaps | Options | Other (a) | 144,243 | Energy Services - financial trading instruments: | Natural gas | Exchange-traded instruments | Over-the-counter swaps | Options | Other (a) | 27,561 | ONEOK Partners - cash flow hedges | Distribution - natural gas swaps | Energy Services - cash flow hedges | Energy Services - fair value hedges | Interest rate swaps - fair value hedges | Total fair value | (a) - Other includes physical natural gas. |"}
{"_id": "d8b6bd548", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements Investments in Funds at Net Asset Value Per Share Cash instruments at fair value include investments in funds that are measured at NAV of the investment fund.\nThe firm uses NAV to measure the fair value of its fund investments when (i) the fund investment does not have a readily determinable fair value and (ii) the NAV of the investment fund is calculated in a manner consistent with the measurement principles of investment company accounting, including measurement of the investments at fair value.\nSubstantially all of the firms investments in funds at NAV consist of investments in firm-sponsored private equity, credit, real estate and hedge funds where the firm co-invests with third-party investors.\nPrivate equity funds primarily invest in a broad range of industries worldwide, including leveraged buyouts, recapitalizations, growth investments and distressed investments.\nCredit funds generally invest in loans and other fixed income instruments and are focused on providing private high-yield capital for leveraged and management buyout transactions, recapitalizations, financings, refinancings, acquisitions and restructurings for private equity firms, private family companies and corporate issuers.\nReal estate funds invest globally, primarily in real estate companies, loan portfolios, debt recapitalizations and property.\nPrivate equity, credit and real estate funds are closed-end funds in which the firms investments are generally not eligible for redemption.\nDistributions will be received from these funds as the underlying assets are liquidated or distributed.\nThe firm also invests in hedge funds, primarily multidisciplinary hedge funds that employ a fundamental bottom-up investment approach across various asset classes and strategies.\nThe firms investments in hedge funds primarily include interests where the underlying assets are illiquid in nature, and proceeds from redemptions will not be received until the underlying assets are liquidated or distributed.\nMany of the funds described above are covered funds as defined in the Volcker Rule of the U. S.  Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act).\nThe Board of Governors of the Federal Reserve System (Federal Reserve Board or FRB) extended the conformance period to July 2022 for the firms investments in, and relationships with, certain legacy illiquid funds (as defined in the Volcker Rule) that were in place prior to December 2013.\nThis extension is applicable to substantially all of the firms remaining investments in, and relationships with, covered funds in the table below.\nThe table below presents the fair value of the firms investments in funds at NAV and related unfunded commitments."}
{"_id": "d8aa64594", "title": "", "text": "Xcel Energy depends on its subsidiaries to pay dividends.\nAll of Xcel Energy Inc. s utility subsidiaries dividends are subject to the FERCs jurisdiction under the Federal Power Act, which prohibits the payment of dividends out of capital accounts; payment of dividends is allowed out of retained earnings only.\nDue to certain restrictive covenants, Xcel Energy Inc.  is required to be current on particular interest payments before dividends can be paid.\nAs discussed below, the most restrictive dividend limitations for NSP-Minnesota, NSP-Wisconsin and SPS are imposed by their respective state regulatory commission.\nPSCos dividends are subject to the FERCs jurisdiction under the Federal Power Act, which prohibits the payment of dividends out of capital accounts; payment of dividends is allowed out of retained earnings only.\nOnly NSP-Minnesota has a first mortgage indenture which places certain restrictions on the amount of cash dividends it can pay to Xcel Energy Inc. , the holder of its common stock.\nEven with this restriction, NSP-Minnesota could have paid more than $1.4 billion and $1.3 billion in additional cash dividends to Xcel Energy Inc.  at Dec.  31, 2013 and 2012, respectively.\nNSP-Minnesotas state regulatory commissions indirectly limit the amount of dividends NSP-Minnesota can pay by requiring an equity-to-total capitalization ratio between 46.8 percent and 57.2 percent.\nNSP-Minnesotas equity-to-total capitalization ratio was 52.5 percent at Dec.  31, 2013 and $912 million in retained earnings was not restricted.\nTotal capitalization for NSP-Minnesota was $8.5 billion at Dec.  31, 2013, which did not exceed the limit of $9.0 billion.\nNSP-Wisconsin cannot pay annual dividends in excess of approximately $31.2 million if its calendar year average equity-to-total capitalization ratio is or falls below the state commission authorized level of 52.5 percent, as calculated consistent with PSCW requirements.\nNSP-Wisconsins calendar year average equity-to-total capitalization ratio calculated on this basis was 52.8 percent at Dec.  31, 2013 and $17.1 million in retained earnings was not restricted.\nSPS state regulatory commissions indirectly limit the amount of dividends that SPS can pay Xcel Energy Inc.  by requiring an equityto-total capitalization ratio (excluding short-term debt) between 45.0 percent and 55.0 percent.\nIn addition, SPS may not pay a dividend that would cause it to lose its investment grade bond rating.\nSPS equity-to-total capitalization ratio (excluding short-term debt) was 53.2 percent at Dec.  31, 2013 and $359 million in retained earnings was not restricted.\nThe issuance of securities by Xcel Energy Inc.  generally is not subject to regulatory approval.\nHowever, utility financings and certain intra-system financings are subject to the jurisdiction of the applicable state regulatory commissions and/or the FERC under the Federal Power Act.  ?\nPSCo currently has authorization to issue up to an additional $1 billion of long-term debt and up to $800 million of short-term debt.  ?\nSPS currently has no authorization to issue any long-term debt in 2014 and up to $400 million of short-term debt.  ?\nNSP-Wisconsin currently has authorization to issue up to an additional $150 million of long-term debt and up to $150 million of short-term debt.  ?\nNSP-Minnesota has authorization to issue long-term securities provided the equity-to-total capitalization ratio remains between 46.8 percent and 57.2 percent and to issue short-term debt provided it does not exceed 15 percent of total capitalization.\nTotal capitalization for NSP-Minnesota cannot exceed $9 billion.\nXcel Energy believes these authorizations are adequate and will seek additional authorization when necessary; however, there can be no assurance that additional authorization will be granted on the timeframe or in the amounts requested.5.\nJoint Ownership of Generation, Transmission and Gas Facilities Following are the investments by Xcel Energy Inc. s utility subsidiaries in jointly owned generation, transmission and gas facilities and the related ownership percentages as of Dec.  31, 2013:"}
{"_id": "d89c4f706", "title": "", "text": "Redeemable Non-controlling interest.\nThrough some of our subsidiaries, we assume certain non-controlling interests that carry redemption features.\nNon-controlling interests, where we may be required to repurchase the non-controlling interest under a put option or other contractual redemption requirement, are reported in the Consolidated Balance Sheet between liabilities and equity, as redeemable non-controlling interest.\nWe adjust the redeemable non-controlling interests when the redemption value exceeds the carrying value with changes recognized as an adjustment to additional paid-in capital.\nOverall, we believe that we have considered relevant circumstances that we may be currently subject to, and the financial statements accurately reflect our best estimate of the impact of these items in our results of"}
{"_id": "d8f24878e", "title": "", "text": "| PAYMENTS DUE BY PERIOD | As of December 31, 2011 (In millions) | Long-term debt-1 | Operating leases | Capital lease obligations | Total contractual cash obligations |"}
{"_id": "d883cadd4", "title": "", "text": "| December 31, (in millions) 2015 2014 | Residential real estate – excluding PCI | Home equity: | Senior lien | Junior lien | Mortgages: | Prime, including option ARMs | Subprime | Other consumer loans | Auto | Business banking | Student and other | Residential real estate – PCI | Home equity | Prime mortgage | Subprime mortgage | Option ARMs | Total retained loans |"}
{"_id": "d8bb129e0", "title": "", "text": "| Year Ended December | in millions | Currency hedges | Foreign currency-denominated debt hedges |"}
{"_id": "d82cf67ce", "title": "", "text": "Effective January 1, 2006, we will adopt 123R using the modified prospective approach.\nThe modified prospective approach requires the recognition of compensation cost for share-based awards based on the grantdate fair value from the beginning for the fiscal period in which the provisions of 123R are first applied.\nMeasurement and recognition of compensation costs for share-based awards granted prior to, but not yet vested as of, the date 123R is adopted are based on the same method used previously under SFAS 123.\nShare-based awards granted, modified, or settled after 123R is adopted, will be measured and recognized in the financial statements in accordance with the provisions of 123R.\nWe have used the Black-Scholes model to calculate the fair value of options under 123 and intend to continue to utilize this model to compute the fair value of options under 123R.\nUpon the adoption of 123R, we expect to recognize a cumulative effect of change in accounting principle which will increase net income by approximately $2 million.\nThis cumulative effect is related to certain performance shares issued to certain officers and employees in 2002 and 2003 that were required to be adjusted to fair value at each reporting date under APB No.25, because the ultimate number of these shares that will vest is dependent on the achievement of certain performance targets.\nUnder 123R, these performance awards are accounted for based on their grant-date fair value and are not adjusted to fair value at each reporting date.\nWhile there are certain differences between 123 and 123R, we believe that our pro forma disclosures under 123 approximate the effect of 123R.\nOther than the cumulative effect of adoption discussed above, we do not believe that the adoption of 123R will have a material impact on our financial position or results of operations."}
{"_id": "d8d757628", "title": "", "text": "| Year Ended December 31, 2009 | (In millions) | Balance, beginning of period | Total realized/unrealized gains (losses) included in: | Earnings | Other comprehensive income (loss) | Purchases, sales, issuances and settlements | Transfer in and/or out of Level 3 | Balance, end of period |"}
{"_id": "d8e14a086", "title": "", "text": "News UK Revenues were $1,281 million for the fiscal year ended June 30, 2016, a decrease of $142 million, or 10%, as compared to fiscal 2016 revenues of $1,423 million.\nThe impact of foreign currency fluctuations of the U. S.  dollar against the British pound resulted in a revenue decrease of $80 million, or 6%, for the fiscal year ended June 30, 2016 as compared to fiscal 2015.\nAdvertising revenues decreased $63 million, primarily due to the $52 million impact from print market declines and the $25 million negative impact of foreign currency fluctuations.\nCirculation and subscription revenues decreased $41 million due to the $42 million negative impact of foreign currency fluctuations.\nLower revenues of $55 million resulting from single-copy volume declines, primarily at The Sun, and changes in the digital strategy at The Sun, were offset by the $53 million impact from cover price increases, higher subscriptions at The Times and The Sunday Times and the 53rd week.\nOther revenues decreased $38 million due to a reduction in newsprint sales to third parties."}
{"_id": "d8e58679e", "title": "", "text": "| (dollars in millions) 2018 2019 2020 2021 2022 Thereafter Total | Long-term debt -1: | Principal | Interest -2 | Capital leases -3 | Operating leases -4 |"}
{"_id": "d8cc849f8", "title": "", "text": "| Increase of 1% in the discount rate $-48 | Decrease of 1% in the discount rate | Increase of 1% in the long-term rate of return on plan assets | Decrease of 1% in the long-term rate of return on plan assets |"}
{"_id": "d8b012b3a", "title": "", "text": "| Venture Kimco Ownership Interest Number of Properties Total GLA (in thousands) Non- Recourse Mortgage Payable (in millions) Number of Encumbered Properties Average Interest Rate Weighted Average Term (months) | KimPru (a) | RioCan Venture (b) | KIR (c) | BIG Shopping Centers (d) | Kimstone (e)(g) | CPP (f) |"}
{"_id": "d86cf7166", "title": "", "text": "Table of Contents Part II, Item 8 In the fourth quarter of 2003, Schlumberger sold the subordinated note for $177 million and realized a pretax gain of $32 million ($20 million after-tax).\nAt December 31, 2003 the carrying value of Schlumbergers investment in Hanover Compressor common stock exceeded the market value.\nAs required by generally accepted accounting principles (SFAS 115), Schlumberger wrote down its investment to the fair market value of $91.4 million at December 31, 2003 and recorded a pretax and after-tax charge of $81.2 million.\nAs part of the sale agreement, Hanover Compressor had an option to put its interest in the PIGAP II joint venture in Venezuela back to Schlumberger if certain financing conditions were not met.\nHanover Compressor did not exercise this option.4.\nCharges  Continuing Operations Schlumberger recorded the following charges/credits in continuing operations: In December 2003, a pretax gain of $32 million ($20 million after-tax, $0.03 per share  diluted) resulting from the sale of the Hanover Compressor note.\nThe pretax gain is classified in Interest and other income in the Consolidated Statement of Income.\nIn December 2003, a pretax and after-tax charge of $81 million ($0.13 per share  diluted) relating to the write-down to fair market value of Schlumbergers investment in Hanover Compressor common stock.\nThe write-down was required by SFAS 115 as the decline in the market value of the stock is other than temporary and is classified in Cost of goods sold and services in the Consolidated Statement of Income.\nIn September 2003, a pretax multiclient library impairment charge of $398 million ($205 million, $0.34 per share  diluted, after a tax credit of $106 million and a minority interest of $88 million), following an evaluation of current and expected future conditions in the seismic sector, a pretax seismic vessel impairment charge of $54 million ($38 million, $0.06 per share  diluted, after a minority interest credit of $16 million) and a $31 million pretax and after-tax gain ($0.05 per share  diluted) on the sale of a drilling rig.\nThe pretax amounts are classified in Cost of goods sold and services in the Consolidated Statement of Income.\nBetween June 12 and July 22, 2003 subsidiaries of Schlumberger launched and concluded tender offers to acquire three series of outstanding European bonds; $1.3 billion of principal was repurchased for a total cost of $1.5 billion, which included the premium, and issuing and tender costs.\nThe total charge on the tenders was $168 million, of which $81.5 million was recorded in the second quarter of 2003, when the first tender closed, with the balance of $86.3 million recorded in the third quarter of 2003.\nThe total of the above 2003 charges was $440 million.\nA summary is as follows:"}
{"_id": "d87821924", "title": "", "text": "Corporate & Institutional Banking Corporate & Institutional Banking earned $1.9 billion in 2011 and $1.8 billion in 2010.\nThe increase in earnings was primarily due to an improvement in the provision for credit losses, which was a benefit in 2011, partially offset by a reduction in the value of commercial mortgage servicing rights and lower net interest income.\nWe continued to focus on adding new clients, increasing cross sales, and remaining committed to strong expense discipline."}
{"_id": "d8641cf46", "title": "", "text": "| December 31, | 2011 | (In millions) | FHLB of New York (“FHLB of NY”) | FHLB of Boston | FHLB of Des Moines | Liability | December 31, | 2011 | (In millions) | FHLB of NY -1 | Farmer Mac -3 | FHLB of Boston -1 | FHLB of Des Moines -1 |"}
{"_id": "d8d0c3578", "title": "", "text": "(a) Excludes impact of merger-related gains and expenses and net securities transactions.\n(b) Excludes amortization and balances related to goodwill and core deposit and other intangible assets and merger-related gains and expenses which, except in the calculation of the efficiency ratio, are net of applicable income tax effects.\nA reconciliation of net income and net operating income appears in Table 24.\n(c) The difference between total assets and total tangible assets, and common shareholders equity and tangible common shareholders equity, represents goodwill, core deposit and other intangible assets, net of applicable deferred tax balances.\nA reconciliation of such balances appears in Table 24.\nhigher level of resell agreements in 2010 as compared with 2009 and 2008 was due, in part, to the need to fulfill collateral requirements associated with certain municipal deposits.\nAgreements to resell securities, of which there were none outstanding at the 2010 and 2009 year-ends, are accounted for similar to collateralized loans, with changes in market value of the collateral monitored by the Company to ensure sufficient coverage.\nThe amounts of investment securities and other earning assets held by the Company are influenced by such factors as demand for loans, which generally yield more than investment securities and other earning assets, ongoing repayments, the levels of deposits, and management of balance sheet size and resulting capital ratios.\nThe most significant source of funding for the Company is core deposits.\nDuring 2010 and prior years, the Company considered noninterest-bearing deposits, interest-bearing transaction accounts, savings deposits and domestic time deposits under $100,000 as core deposits.\nThe Companys branch network is its principal source of core deposits, which generally carry lower interest rates than wholesale funds of comparable maturities.\nCertificates of deposit under $100,000 generated on a nationwide basis by M&T Bank, N. A.  were also included in core deposits.\nAverage core deposits totaled $43.6 billion in 2010, up from $39.1 billion in 2009 and $31.7 billion in 2008.\nThe K Bank acquisition transaction added $491 million of core deposits on November 5, 2010, while the acquisition transactions in 2009 added $3.8 billion of core deposits on the respective acquisition dates.\nAverage core deposits of M&T Bank, N. A.  were $217 million in 2010, $337 million in 2009 and $274 million in 2008.\nExcluding deposits obtained in the acquisition transactions, the growth in core deposits from 2008 to 2009 and from 2009 to 2010 was due, in part, to the lack of attractive alternative investments available to the Companys customers resulting from lower interest rates and from the economic environment in the U. S.  The low interest rate environment has resulted in a shift in customer savings trends, as average time deposits have continued to decline, while average noninterest-bearing deposits and savings deposits have increased.\nFunding provided by core deposits represented 73% of average earning assets in 2010, compared with 66% and 55% in 2009 and 2008, respectively.\nTable 8 summarizes average core deposits in 2010 and percentage changes in the components of such deposits over the past two years.\nTable 8 AVERAGE CORE DEPOSITS"}
{"_id": "d8a0d6edc", "title": "", "text": "| At December 31, At December 31, | 2010 | ($ in millions) | Copper | Boddington | Batu Hijau | Total/Weighted Average |"}
{"_id": "d81cc5b16", "title": "", "text": "| Options Outstanding Options Exercisable | Range ofExercise Prices | $3.36 — $9.99 | $10.00 — $15.06 | 2 | Options exercisable and expected to become exercisable |"}
{"_id": "d8875ffc6", "title": "", "text": "Other Intangible Assets.\nIntangible assets with indefinite useful lives are not amortized while intangible assets with finite useful lives are amortized generally on a straight-line basis over the periods benefited.\nThe following table details the weightedaverage useful lives of software and other intangible assets by reporting segment (numbers in years):"}
{"_id": "d8785f166", "title": "", "text": "| Year Ended October 31, $ Change % Change $ Change % Change | 2014 | (dollars in millions) | $155.2 | Percentage of total revenue |"}
{"_id": "d8b2d55de", "title": "", "text": "Income Tax Liabilities Tax liabilities related to unrecognized tax benefits as of 30 September 2018 were $233.6.\nThese tax liabilities were excluded from the Contractual Obligations table as it is impractical to determine a cash impact by year given that payments will vary according to changes in tax laws, tax rates, and our operating results.\nIn addition, there are uncertainties in timing of the effective settlement of our uncertain tax positions with respective taxing authorities.\nHowever, the Contractual Obligations table above includes our accrued liability of approximately $184 for deemed repatriation tax that is payable over eight years related to the Tax Act.\nRefer to Note 22, Income Taxes, to the consolidated financial statements for additional information."}
{"_id": "d8bae4ffe", "title": "", "text": "| 2008 Utility Non-Utility Nuclear* All Other* Eliminations Consolidated | (In Thousands) | Operating revenues | Deprec., amort. & decomm. | Interest and dividend income | Equity in loss of unconsolidated equity affiliates | Interest and other charges | Income taxes (benefits) | Net income (loss) | Total assets | Investment in affiliates - at equity | Cash paid for long-lived asset additions | 2007 | (In Thousands) | Operating revenues | Deprec., amort. & decomm. | Interest and dividend income | Equity in earnings of unconsolidated equity affiliates | Interest and other charges | Income taxes (benefits) | Net income (loss) | Total assets | Investment in affiliates - at equity | Cash paid for long-lived asset additions | 2009 | (In Millions) | Planned construction and | capital investment | Long-term debt | Nuclear fuel lease obligations -1 | Purchase obligations -2 | 2009 | Non-Utility Nuclear: | Percent of planned generation sold forward: | Unit-contingent | Unit-contingent with guarantee of availability -1 | Total | Planned generation (TWh) | Average contracted price per MWh -2 |"}
{"_id": "d8c0cb13e", "title": "", "text": "2016 Asset Impairments While the Leviathan development project was not formally sanctioned at December 31, 2016, in fourth quarter 2016, we selected the initial development concept for the first phase of development of the Leviathan natural gas project and wrote off $88 million associated with certain development concepts that were not selected.2015 Asset Impairments During 2015, certain properties in the deepwater Gulf of Mexico, offshore Israel and offshore Equatorial Guinea were written down to their estimated fair values using a discounted cash flow model.\nThe cash flow model included management’s estimates of future crude oil and natural gas production, commodity prices based on forward commodity price curves or contract prices as of the date of the estimate, operating and development costs, and discount rates.\nImpairment charges of $481 million resulted from reductions in the forward crude oil prices as of December 31, 2015.\nWe also recorded impairment charges of approximately $47 million primarily related to revisions in expected field abandonment and other costs for properties in the deepwater Gulf of Mexico and offshore Israel and $5 million related to the pending sale of our interest in the Alon A and Alon C licenses, offshore Israel, which included the Karish and Tanin fields.2014 Asset Impairments As a result of declining crude oil prices at the end of 2014, we recorded impairment charges of $250 million related to certain onshore US and deepwater Gulf of Mexico properties.\nWe also recorded impairment charges of $74 million for the South Raton development, deepwater Gulf of Mexico, due to mechanical issues; $51 million related to asset retirement obligation increases for certain properties in the deepwater Gulf of Mexico and offshore Israel; $31 million related to the reclassification of certain non-strategic properties as assets held for sale; and $94 million related to North Sea MacCulloch field abandonment."}
{"_id": "d8c30527e", "title": "", "text": "| December 31, 2005 2004 | (in billions) | Top 10 U.S. States | California | New York | Florida | Illinois | Texas | Ohio | Arizona | New Jersey | Michigan | Colorado | Total Top 10 | Other | Total |"}
{"_id": "d8b8f361e", "title": "", "text": "The Virginia-class program includes 30 submarines, which the customer is procuring in multi-ship blocks.\nThe group, in conjunction with an industry partner that shares in the construction of these vessels, has delivered the first six of 18 boats under contract.\nThe remaining 12 boats extend deliveries through 2018.\nAs a result of U. S.  combatant-commander requirements, strong congressional support, innovative cost-saving design and production efforts, and successful program execution, the group is scheduled to build two submarines per year starting in 2011, which will double the current submarine workload.\nMarine Systems also is the lead designer and producer of Arleigh Burke destroyers, a sophisticated class of surface combatants and the only active destroyer in the Navys global surface fleet.\nDuring 2009, we delivered USS Wayne E.  Meyer, the 31st of 34 DDG-51 ships the Navy has contracted with us to build.\nThe three remaining ships are scheduled for delivery in 2010 and 2011.\nThe groups T-AKE combat-logistics ship supports multiple missions for the Navy, including replenishment at sea for U. S.  and NATO operating forces around the world.\nT-AKE is the first Navy ship to incorporate proven commercial marine technologies such as integrated electric-drive propulsion.\nThese technologies are designed to minimize T-AKE operations and maintenance costs over an expected 40-year life.\nThe group has delivered the first eight of these ships, including two in 2009.\nWork is underway on the remaining four ships currently under contract, with deliveries scheduled through 2011.\nThe Navy funded long-lead material procurement in 2009 for two additional ships under the contract, and we expect to receive construction contracts for these two ships in 2010.\nThe Marine Systems group participates in the development of technologies and naval platforms for the future.\nThe group continues to apply its design and engineering expertise to advance next-generation submarine capabilities.\nThese efforts include initial concept studies for the development of the next-generation ballistic missile submarine (SSBN).\nThis new class of SSBN is expected to replace the current Ohio Class of ballistic missile submarines.\nMarine Systems also leads a joint Navy-Defense Advanced Research Projects Agency (DARPA) initiative to reduce the cost of future submarines by identifying and overcoming technological barriers.\nUnder this initiative, the group is developing technologies to propel submarines with external electric motors, reduce the ships infrastructure and improve its sensors.\nMarine Systems also is participating in a number of programs in support of the Navys efforts to renew its surface combatant fleet.\nThe group is completing the design and has started construction of the next-generation guided-missile destroyer, the DDG-1000 Zumwalt Class.\nThe group is building the first DDG-1000 destroyer at its Bath, Maine, shipyard and is negotiating contracts with the Navy for construction of the second and third ships, both of which have been fully funded.\nMarine Systems leads one of two industry teams awarded contracts for the design and construction of the Littoral Combat Ship (LCS), a new high-speed surface warship designed to address emerging coastal-water threats.\nMarine Systems LCS is well-suited to accommodate the speed, draft and cargo capacity requirements of this new class of warship.\nThe group delivered its first ship in the fourth quarter of 2009.\nWe are currently working on the remaining ship in backlog, which is scheduled to be delivered in 2012.\nIn addition to these design and construction programs, the Marine Systems group provides comprehensive ship and submarine overhaul, repair and lifecycle support services to extend the service life of these vessels and maximize the value of these ships to the customer.\nThe group operates the only full-service maintenance and repair shipyard on the West Coast, positioning us to support the Navys rebalancing of its surface force toward the Pacific Fleet.\nThe group also provides international allies with program management, planning and engineering design support for submarine and surface-ship construction programs.\nBeyond its Navy programs, Marine Systems designs and produces ships for commercial customers to meet the Jones Act requirement that ships carrying cargo between U. S.  ports be built in U. S.  shipyards.\nMarine Systems currently has a contract to build five product-carrier ships.\nThese product carriers are based on a design the group obtained through a strategic partnership with an experienced international commercial shipyard.\nThe partnership allows Marine Systems to offer proven commercial ship designs to customers, to share best practices that improve efficiency and throughput, and to achieve cost savings on materials procured through the partnership.\nThe group has delivered the first three ships and expects to deliver the remaining ships by the end of 2010.\nWith the existing fleet of Jones Act ships in need of replacement due to age and environmental regulations, we are marketing this proven product to new customers.\nTo further the groups goals of efficiency and continuous process improvement, we are committed to strategic investments in our shipyards in partnership with the Navy and local governments.\nIn addition, the Marine Systems group continues to leverage its design and engineering expertise across its shipyards to improve program execution and generate cost savings.\nThis knowledge sharing enables the group to use resources more efficiently and drive process improvements throughout the business.\nThe group is well-positioned to effectively fulfill the long-term ship-construction and support requirements of its Navy and commercial customers."}
{"_id": "d8e8e39b4", "title": "", "text": "| (Amounts in thousands) 2007 2006 2005 | Net income applicable to common shares | Book to tax differences (unaudited): | Depreciation and amortization | Derivatives | Stock options expense | Straight-line rent adjustments | Net gains on sale of real estate | Earnings of partially owned entities | Compensation deduction for units held in Rabbi Trust | Sears Canada dividend | Other, net | Estimated taxable income | Year Ended December 31 | (In millions) | Revenues: | Other revenue, primarily operating | Net investment income | Total | Expenses: | Operating | Interest | Total | Income before income tax and minority interest | Income tax expense | Minority interest | Net income | Three Months Ended | Mar 31,   2006 | (In thousands) | (Unaudited) | Revenues | Commissions | U.S. high-grade-1 | European high-grade-2 | Other-3 | Total commissions | Information and user access fees-4 | License fees | Interest income-5 | Other-6 | Total revenues | Expenses | Employee compensation and benefits | Depreciation and amortization | Technology and communications | Professional and consulting fees | Occupancy | Marketing and advertising | General and administrative | Total expenses | Income before income taxes | Provision for income taxes | Net income |"}
{"_id": "d8c8fc38a", "title": "", "text": "| Cash(a) $487 | MPC accounts receivable(a) | Marathon common stock(b) | Estimated additional consideration related to tax matters | Transaction-related costs | Purchase price | Assumption of debt(c) | Total consideration including debt assumption(d) |"}
{"_id": "d86c66670", "title": "", "text": "| Year ended December 31, (in millions) 2009 2008 2007 | Trading assets – debt and equity instruments | Trading assets – derivative receivables | Trading liabilities – debt and equityinstruments(a) | Trading liabilities – derivative payables |"}
{"_id": "d810b77fc", "title": "", "text": "| Years Ended December 31, | (Millions, except percentages) | Charge card | Card Member loans | Other | Total provisions for losses(a) |"}
{"_id": "d8e344184", "title": "", "text": "| Change | 2015 | (In millions, except percentages and ratios) | New orders | Net sales | Book to bill ratio | Operating income | Operating margin | Non-GAAP Adjusted Results | Non-GAAP adjusted operating income | Non-GAAP adjusted operating margin |"}
{"_id": "d8f77059a", "title": "", "text": "| (Dollars in millions, except per share amounts) 2007 2006 2005 2004 2003 | Years ended December 31: | Net sales | Income before cumulative effect of accounting change | Per share of common stock: | Income before cumulative effect of accounting change — basic | Income before cumulative effect of accounting change — diluted | Cash dividends declared and paid | At December 31: | Total assets | Long-term debt (excluding portion due within one year) and long-term capital lease obligations |"}
{"_id": "d8e82fe0a", "title": "", "text": "| 2013 | Labor-related deemed claim -1 | Aircraft and facility financing renegotiations and rejections -2, -3 | Fair value of conversion discount -4 | Professional fees | Other | Total reorganization items, net |"}
{"_id": "d89e1e7da", "title": "", "text": "2015 Compared to 2014.\nIn 2015, cost of revenue, which included TAC of $121.8 million, increased by $282.9 million compared to 2014.\nThe increase was primarily attributable to a $113.7 million increase in TAC, a $79.5 million increase in networking, hosting and data center costs related to our co-located facilities, a $76.3 million increase in depreciation expense related to additional server and networking equipment and amortization of acquired intangible assets, and a $24.1 million increase in other direct costs, offset by a $10.7 million decrease in personnel-related costs, mainly driven by a decrease in average employee headcount and stock-based compensation expense.2014 Compared to 2013.\nIn 2014, cost of revenue increased by $179.6 million compared to 2013.\nThe increase was primarily attributable to a $75.5 million increase in depreciation expense related to additional server and networking equipment and amortization of acquired intangible assets, a $60.2 million increase in networking, hosting and data center costs related to our co-located facilities, a $27.0 million increase in allocated facilities and other supporting overhead costs due to the continued expansion of our real estate footprint and increase in support functions, and a $16.9 million increase in personnel-related costs, mainly driven by an increase in average employee headcount."}
{"_id": "d8746a4c0", "title": "", "text": "Contractual Obligations The following table includes aggregated information about Citigroups contractual obligations that impact its short- and long-term liquidity and capital needs.\nThe table includes information about payments due under specified contractual obligations, aggregated by type of contractual obligation.\nIt includes the maturity profile of the Companys consolidated long-term debt, operating leases and other long-term liabilities.\nThe Companys capital lease obligations are included in purchase obligations in the table.\nCitigroups contractual obligations include purchase obligations that are enforceable and legally binding for the Company.\nFor the purposes of the table below, purchase obligations are included through the termination date of the respective agreements, even if the contract is renewable.\nMany of the purchase agreements for goods or services include clauses that would allow the Company to cancel the agreement with specified notice; however, that impact is not included in the table (unless Citigroup has already notified the counterparty of its intention to terminate the agreement).\nOther liabilities reflected on the Companys Consolidated Balance Sheet include obligations for goods and services that have already been received, litigation settlements, uncertain tax positions, as well as other long-term liabilities that have been incurred and will ultimately be paid in cash.\nExcluded from the following table are obligations that are generally short term in nature, including deposit liabilities and securities sold under agreements to repurchase.\nThe table also excludes certain insurance and investment contracts subject to mortality and morbidity risks or without defined maturities, such that the timing of payments and withdrawals is uncertain.\nThe liabilities related to these insurance and investment contracts are included on the Consolidated Balance Sheet as Insurance Policy and Claims Reserves, Contractholder Funds, and Separate and Variable Accounts.\nCitigroups funding policy for pension plans is generally to fund to the minimum amounts required by the applicable laws and regulations.\nAt December 31, 2008, there were no minimum required contributions, and no contributions are currently planned for the U. S.  pension plans.\nAccordingly, no amounts have been included in the table below for future contributions to the U. S.  pension plans.\nFor the non-U.\nS.  plans, discretionary contributions in 2009 are anticipated to be approximately $167 million and this amount has been included in purchase obligations in the table below.\nThe estimated pension plan contributions are subject to change, since contribution decisions are affected by various factors, such as market performance, regulatory and legal requirements, and managements ability to change funding policy.\nFor additional information regarding the Companys retirement benefit obligations, see Note 9 to the Consolidated Financial Statements on page 144."}
{"_id": "d8d72eca0", "title": "", "text": "| Expected Benefit Payments | 2017 | Pension Benefits | Other Benefits |"}
{"_id": "d8e99e5ca", "title": "", "text": "| Year ended December 31 | 2009 | Net income, in millions | Diluted earnings per common share | Continuing operations | Discontinued operations | Net income | Return on | Average common shareholders’ equity | Average assets |"}
{"_id": "d8e16ffd4", "title": "", "text": "McKESSON CORPORATION 3 PART I Item 1.  Business.\nGeneral McKesson Corporation (McKesson, the Company, the Registrant or we and other similar pronouns), is a Fortune 15 corporation that delivers pharmaceuticals, medical supplies and health care information technologies that make health care safer while reducing costs.\nThe Companys fiscal year begins on April 1 and ends on March 31.\nUnless otherwise noted, all references in this document to a particular year shall mean the Companys fiscal year.\nOur Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and amendments to those reports filed or furnished pursuant to Section 13(a) or 15(d) of the Securities Exchange Act of 1934, as amended (the Exchange Act,) are available free of charge on our website (www.\nmckesson.\ncom under the Investors  Financial Information  SEC Filings caption) as soon as reasonably practicable after we electronically file such material with, or furnish it to, the Securities and Exchange Commission (SEC or the Commission).\nThe content on any website referred to in this Annual Report on Form 10-K is not incorporated by reference into this report, unless expressly noted otherwise.\nThe public may also read or copy any materials that we file with the SEC at the SECs Public Reference Room at 100 F Street, NE, Washington, D. C.  20549.\nThe public may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330.\nThe SEC maintains a website that contains reports, proxy and information statements, and other information regarding issuers, including the Company, that file electronically with the SEC.\nThe address of the website is http://www.\nsec.\ngov.\nBusiness Segments We operate in two segments.\nThe McKesson Distribution Solutions segment distributes ethical and proprietary drugs, medical-surgical supplies and equipment and health and beauty care products throughout North America.\nThis segment also provides specialty pharmaceutical solutions for biotech and pharmaceutical manufacturers, and practice management, technology, clinical support and business solutions to oncology and other specialty practices operating in the community setting.\nIn addition, this segment sells financial, operational and clinical solutions for pharmacies (retail, hospital, alternate site) and provides consulting, outsourcing and other services.\nThis segment includes a 49% interest in Nadro, S. A.  de C. V.  (Nadro), one of the leading pharmaceutical distributors in Mexico.\nThe McKesson Technology Solutions segment delivers enterprise-wide clinical, patient care, financial, supply chain, strategic management software solutions, pharmacy automation for hospitals, as well as connectivity, outsourcing and other services, including remote hosting and managed services, to healthcare organizations.\nThis segment also includes our Payer group of businesses, which includes our InterQual?\nclinical criteria solution, medical management tools, claims payment solutions, network performance tools and care management programs.\nThis segments customers include hospitals, physicians, homecare providers, retail pharmacies and payers from North America, the United Kingdom, Ireland, other European countries and Israel.\nNet revenues for our segments for the last three years were as follows:"}
{"_id": "d8cd0c6b4", "title": "", "text": "| 2016 2015 2014 | Numerator: | Net income attributable to common shareowners | Denominator: | Weighted-average shares | Deferred compensation obligations | Vested portion of restricted shares | Denominator for basic earnings per share | Effect of Dilutive Securities: | Restricted performance units | Stock options | Denominator for diluted earnings per share | Basic Earnings Per Share | Diluted Earnings Per Share |"}
{"_id": "d8aa1dcd4", "title": "", "text": "exchange stockholders, which include Cboe Options, subsequently executed agreements effecting the capital plan.\nUnder the plan, each of OCC’s existing exchange stockholders agreed to contribute its pro-rata share, based on ownership percentage, of $150 million in equity capital, which would increase OCC’s shareholders’ equity, and to provide its pro rata share in replenishment capital, up to a maximum of $40 million per exchange stockholder, if certain capital thresholds are breached.\nOCC also adopted policies under the plan with respect to fees, customer refunds, and stockholder dividends, which envision an annual dividend payment to the exchange stockholders equal to the portion of OCC’s after-tax income that exceeds OCC’s capital requirements after payment of refunds to OCC’s clearing members (with such customer refunds generally to constitute 50% of the portion of OCC’s pre-tax income that exceeds OCC’s capital requirements).\nOn March 3, 2015, in accordance with the plan, Cboe Options contributed $30 million to OCC.\nThat contribution has been recorded under investments in the consolidated balance sheets as of December 31, 2017.\nOn March 6, 2015, OCC informed Cboe Options that the SEC, acting through delegated authority, had approved OCC’s proposed rule filing for the capital plan.\nFollowing petitions to review the approval based on delegated authority, the SEC conducted its own review and then approved the proposed rule change implementing OCC’s capital plan.\nCertain petitioners subsequently appealed the SEC approval order for the OCC capital plan to the U. S.  Court of Appeals for the D. C.  Circuit, the ‘‘Court’’ and moved to stay the SEC approval order.\nOn February 23, 2016, the Court denied the petitioners’ motion to stay.\nOn August 8, 2017, the Court held that the SEC’s approval order lacked reasoned decision-making sufficient to support the SEC’s conclusion that the OCC capital plan complied with applicable statutory requirements.\nThe Court declined to vacate the SEC’s approval order or to require the unwinding of actions taken under the OCC capital plan, but instead remanded the matter to the SEC for further proceedings concerning whether that capital plan complies with those statutory requirements.\nPetitioners requested a stay of dividend payments to the exchange stockholders until the SEC made a final decision about the OCC capital plan, but the SEC denied that request on September 14, 2017.\nThe SEC allowed for and received information from interested parties for the SEC’s consideration in connection its review of the OCC capital plan on remand from the Court.\nThe SEC’s review of the OCC capital plan on remand from the Court remains pending.\nLease and Obligations The Company currently leases additional office space, data centers and remote network operations center, with lease terms remaining from 6 months to 114 months as of December 31, 2017.\nIn December 2014, we entered into an agreement with FINRA to provide certain regulatory services to the Cboe and C2 options markets.\nThe agreement included the assignment of the office space Cboe leased for regulatory operations.\nTotal rent expense related to current and former lease obligations for the years ended December 31, 2017, 2016 and 2015 totaled $7.6 million, $4.4 million and $4.1 million, respectively.\nIn addition to our lease obligations, we have contractual obligations related to certain operating leases, data and telecommunications agreements, and our long-term debt outstanding.\nFuture minimum payments under these leases and agreements were as follows as of December 31, 2017:"}
{"_id": "d87b01f0e", "title": "", "text": "| Shares Under Option Weighted Average Exercise Prices Weighted Average Remaining Contractual Term (in years) Aggregate Intrinsic Value (in millions) | Outstanding at December 31, 2005 | Granted | Exercised | Forfeited/canceled | Outstanding at December 31, 2006 | Vested and expected to vest at December 31, 2006 | Exercisable at December 31, 2006 |"}
{"_id": "d811808dc", "title": "", "text": "| As of December 31, 2013 | DISH Network Awards | Stock Awards Outstanding | Held by DISH Network employees | Held by EchoStar employees | Total |"}
{"_id": "d8f05805a", "title": "", "text": "Archer Daniels Midland Company Notes to Consolidated Financial Statements (Continued) Note 13.\nEmployee Benefit Plans The Company provides substantially all domestic employees and employees at certain international subsidiaries with pension benefits.\nThe Company also provides substantially all domestic salaried employees with postretirement health care and life insurance benefits.\nThe Company has savings and investment plans available to employees.\nThe Company also maintains stock ownership plans for qualifying employees.\nThe Company contributes shares of its stock to the plans to match qualifying employee contributions.\nEmployees have the choice of retaining Company stock in their accounts or diversifying the shares into other investment options.\nExpense is measured and recorded based upon the fair market value of the stock contributed to the plans each month.\nThe number of shares designated for use in the plans is not significant compared to the shares outstanding for the periods presented.\nAssets of the Company’s defined contribution savings plans consist primarily of listed common stocks and pooled funds.\nThe Company’s defined contribution savings plans held 19.1 million shares of Company common stock at June 30, 2007, with a market value of $631 million.\nCash dividends received on shares of Company common stock held by these plans during the year ended June 30, 2007 were $8 million."}
{"_id": "d8e3b4006", "title": "", "text": "| Increase/(Decrease)in Fair Market Value | As of December 31, | 2018 | 2017 |"}
{"_id": "d889e4cf6", "title": "", "text": "Total debt, which includes long-term debt, current maturities of long-term debt, commercial paper and other short-term borrowings, was $4.7 billion, $6.6 billion and $6.8 billion for 2017, 2016 and 2015, respectively.\nDuring the year, the Company repaid $250 million of 5.125% notes that matured in December 2016.\nIn 2015, the Company issued $500 million of 2.625% notes due December 2021 and $500 million of 3.150% notes due June 2025, and repaid $250 million of 5.0% notes that matured in December 2014 and $250 million of 4.125% notes that matured in April 2015.\nThe total debt-to-capital ratio and the net debt-to-net capital ratio (less cash and short-term investments) decreased in 2017 due to lower total debt outstanding and higher common stockholders equity from changes in other comprehensive income.\nThe total debt-to-capital ratio and the net debt-to-net capital ratio (less cash and short-term investments) increased in 2016 due to lower common stockholders equity from share repurchases and changes in other comprehensive income.\nThe operating cash flow from continuing operations-to-debt ratio increased in 2017 primarily due to lower debt in the current year.\nThe operating cash flow from continuing operations-todebt ratio increased in 2016 primarily due to taxes paid in 2015 on the divestiture gains and lower debt in 2016.\nThe interest coverage ratio is computed as earnings from continuing operations before income taxes plus interest expense, divided by interest expense.\nThe increase in interest coverage in 2017 reflects lower interest expense in the current year.\nThe decrease in interest coverage in 2016 reflects lower pretax earnings, largely due to the divestiture gains of $1,039 million in 2015, and slightly higher interest expense.\nIn April 2014, the Company entered into a $3.5 billion fiveyear revolving backup credit facility with various banks, which replaced the December 2010 $2.75 billion facility.\nThe credit facility is maintained to support general corporate purposes, including commercial paper borrowing.\nThe Company has not incurred any borrowings under this or previous facilities.\nThe credit facility contains no financial covenants and is not subject to termination based on a change of credit rating or material adverse changes.\nThe facility is unsecured and may be accessed under various interest rate and currency denomination alternatives at the Companys option.\nFees to maintain the facility are immaterial.\nThe Company also maintains a universal shelf registration statement on file with the SEC under which\nupon regulatory approval.\nThe 2007 Trust Securities, will be exchanged into a like amount of Holding Company junior subordinated debentures on December 15, 2037, the scheduled redemption date; mandatorily under certain circumstances; and at any time upon the Holding Company exercising its option to redeem the securities.\nThe 2007 Trust Securities will be exchanged for junior subordinated debentures prior to repayment and the Holding Company is ultimately responsible for repayment of the junior subordinated debentures.\nThe Holding Companys other rights and obligations as it relates to the deferral of interest, redemption, replacement capital obligation and RCC associated with the issuance of the Trust Securities are more fully described in The Company  Liquidity and Capital Sources  Debt Issuances.\n As described more fully in The Company  Liquidity and Capital Sources  Debt Issuances: ?\nIn December 2007, the Holding Company, in connection with the collateral financing arrangement associated with MRCs reinsurance of the closed block liabilities, entered into an agreement with an unaffiliated financial institution under which the Holding Company is entitled to the interest paid by MRC on the surplus notes of 3-month LIBOR plus 0.55% in exchange for the payment of 3-month LIBOR plus 1.12%, payable quarterly.\nUnder this agreement, the Holding Company may also be required to pledge collateral or make payments to the unaffiliated financial institution related to any decline in the estimated fair value of the surplus notes and in connection with any early termination of this agreement.\nDuring the year ended December 31, 2008, the Holding Company paid $800 million to the unaffiliated financial institution related to a decline in the estimated fair value of the surplus notes.\nThis payment reduced the amount under the agreement on which the Holding Companys interest payment is due but did not reduce the outstanding amount of the surplus notes.\nIn addition, the Holding Company had pledged collateral of $230 million to the unaffiliated financial institution at December 31, 2008.\nNo collateral was pledged at December 31, 2007.\nThe Holding Companys net cost of 0.57% has been allocated to MRC.\nFor the year ended December 31, 2008, this amount was $14 million.\nFor the year ended December 31, 2007 this amount was immaterial.  ?\nIn May 2007, the Holding Company, in connection with the collateral financing arrangement associated with MRSCs reinsurance of universal life secondary guarantees, entered into an agreement with an unaffiliated financial institution under which the Holding Company is entitled to the return on the investment portfolio held by a trust established in connection with this collateral financing arrangement in exchange for the payment of a stated rate of return to the unaffiliated financial institution of 3-month LIBOR plus 0.70%, payable quarterly.\nThe Holding Company may also be required to make payments to the unaffiliated financial institution, for deposit into the trust, related to any decline in the fair value of the assets held by the trust, as well as amounts outstanding upon maturity or early termination of the collateral financing arrangement.\nAs a result of this agreement, the Holding Company effectively assumed the $2.4 billion liability under the collateral financing agreement along with a beneficial interest in the trust holding the associated assets.\nThe Holding Company simultaneously contributed to MRSC its beneficial interest in the trust, along with any return to be received on the investment portfolio held by the trust.\nFor the year ended December 31, 2008, the Holding Company paid $320 million to the unaffiliated financial institution as a result of the decline in the fair value of the assets in the trust.\nAll of the $320 million was deposited into the trust.\nIn January 2009, the Holding Company paid an additional $360 million to the unaffiliated financial institution as a result of the continued decline in the fair value of the assets in trust which was also deposited into the trust.\nIn addition, the Holding Company may be required to pledge collateral to the unaffiliated financial institution under this agreement.\nAt December 31, 2008, the Holding Company had pledged $86 million under the agreement.\nNo collateral had been pledged under the agreement as December 31, 2007.\nInterest expense incurred by the Holding Company under the collateral financing arrangement for the years ended December 31, 2008 and 2007 was $107 million and $84 million, respectively.\nThe allocation of these financing costs to MRSC is included in other revenues and recorded as an additional investment in MRSC.\nIn December 2006, the Holding Company issued junior subordinated debentures with a face amount of $1.25 billion.\nSee The Company  Liquidity and Capital Sources  Debt Issuances for further information.\nIn September 2006, the Holding Company issued $204 million of affiliated long-term debt with an interest rate of 6.07% maturing in 2016.\nIn March 2006, the Holding Company issued $10 million of affiliated long-term debt with an interest rate of 5.70% maturing in 2016.\nThe following table summarizes the Holding Companys outstanding senior notes series, excluding any premium or discount, at December 31, 2008:"}
{"_id": "d8ba909c2", "title": "", "text": "| Twelve Months Ended | (Millions of Dollars) | Operating revenues | Gas purchased for resale | Net revenues | Operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Gas operating income |"}
{"_id": "d89bb4cce", "title": "", "text": "| (Dollar amounts in millions) 12/31/2011 Net New Business Net  Acquired Market /FX App (Dep) 12/31/2012 | Core | Currency and commodities | Alternatives |"}
{"_id": "d8736bd08", "title": "", "text": "| (Thousands of barrels per day) 2007 2006 2005 | Gasoline | Distillates | Propane | Feedstocks and Special Products | Heavy Fuel Oil | Asphalt | TOTAL(a) | Average sales price (Dollars per barrel) |"}
{"_id": "d8f9142c0", "title": "", "text": "transactions are reported in cost of revenues, or on a \n‘‘net’’ basis.\nTransactions under contracts entered into before April 1, 2006 will continue to be reported on a \n‘‘gross’’ basis.\nEach purchase and sale transaction has the characteristics of a separate legal transaction, including separate invoicing and cash settlement.\nAccordingly, we believed that we were required to account for these transactions separately.\nAn accounting interpretation clarified the circumstances under which a matching buy/sell transaction should be viewed as a single transaction involving the exchange of inventory.\nFor a further description of the accounting requirements and how they apply to matching buy/sell transactions, see Note 2 to the consolidated financial statements.\nThis accounting change had no effect on net income but the amounts of revenues and cost of revenues recognized after April 1, 2006 are less than the amounts that would have been recognized under previous accounting practices.\nAdditionally, this accounting change impacts the comparability of certain operating statistics, most notably \n‘‘refining and wholesale marketing gross margin per gallon.\n’’ While this change does not have an effect on the refining and wholesale marketing gross margin (the numerator for calculating this statistic), sales volumes (the denominator for calculating this statistic) recognized after April 1, 2006 are less than the amount that would have been recognized under previous accounting practices because volumes related to matching buy/sell transactions under contracts entered into or modified on or after April 1, 2006 have been excluded.\nAccordingly, the resulting refining and wholesale marketing gross margin per gallon statistic will be higher than that same statistic calculated from amounts determined under previous accounting practices.\nThe effect of this change on the refining and wholesale marketing gross margin per gallon for 2006 was not significant."}
{"_id": "d8ca63e3a", "title": "", "text": "| Dollars in billions December 31 2012 December 312011 | Net outstanding standby letters of credit | Internal credit ratings (as a percentage of portfolio): | Pass (a) | Below pass (b) |"}
{"_id": "d87964fa2", "title": "", "text": "| Table 15 Bank of America, N.A. and FIA Card Services, N.A. Regulatory Capital | December 31 | 2011 | (Dollars in millions) | Tier 1 | Bank of America, N.A. | FIA Card Services, N.A. | Total | Bank of America, N.A. | FIA Card Services, N.A. | Tier 1 leverage | Bank of America, N.A. | FIA Card Services, N.A. |"}
{"_id": "d8a626bbc", "title": "", "text": "| 2007 2006 2005 | (Awards in thousands) | Outstanding beginning of year | Exercised | Forfeited | Expired | Outstanding at end of year | Exercisable at end of year |"}
{"_id": "d89d0b1a4", "title": "", "text": "(D) Executive Deferred Compensation Plan Effective January 1, 2011, we established an unfunded nonqualified deferred compensation plan to permit certain eligible associates to defer receipt of a portion of their compensation to a future date.\nThis plan also includes a restorative company contribution designed to compensate the plan participants for any loss of company contributions under the Retirement Savings 401(k) Plan and the Retirement Restoration Plan due to a reduction in their eligible compensation resulting from deferrals into the Executive Deferred Compensation Plan.\nThe total cost for this plan was not significant in fiscal 2016, fiscal 2015 and fiscal 2014.11."}
{"_id": "d861f421e", "title": "", "text": "German InfraServ Entities On January 1, 1997, coinciding with a reorganization of the Hoechst businesses in Germany, real estate service companies (InfraServ Entities) were created to own directly the land and property and to provide various technical and administrative services at each of the manufacturing locations.\nThe Company owns manufacturing facilities at the InfraServ location in Frankfurt am Main-Hoechst, Germany and holds equity interests in the companies which own and operate the former Hoechst sites in Frankfurt am Main-Hoechst, Gendorf and Knapsack, all of which are located in Germany.\nInfraServ Entities are liable for any residual contamination and other pollution because they own the real estate on which the individual facilities operate.\nIn addition, Hoechst, and its legal successors, as the responsible party under German public law, is liable to third parties for all environmental damage that occurred while it was still the owner of the plants and real estate (Note 23).\nThe contribution agreements entered into in 1997 between Hoechst and the respective operating companies, as part of the divestiture of these companies, provide that the operating companies will indemnify Hoechst, and its legal successors, against environmental liabilities resulting from the transferred businesses.\nAdditionally, the InfraServ Entities have agreed to indemnify Hoechst, and its legal successors, against any environmental liability arising out of or in connection with environmental pollution of any site.\nThe InfraServ partnership agreements provide that, as between the partners, each partner is responsible for any contamination caused predominantly by such partner.\nAny liability, which cannot be attributed to an InfraServ partner and for which no third party is responsible, is required to be borne by the InfraServ partnership.\nIf an InfraServ partner defaults on its respective indemnification obligations to eliminate residual contamination, the owners of the remaining participation in the InfraServ companies have agreed to fund such liabilities, subject to a number of limitations.\nTo the extent that any liabilities are not satisfied by either the InfraServ Entities or their owners, these liabilities are to be borne by the Company in accordance with the demerger agreement.\nHowever, Hoechst, and its legal successors, will reimburse the Company for two-thirds of any such costs.\nLikewise, in certain circumstances the Company could be responsible for the elimination of residual contamination on several sites that were not transferred to InfraServ companies, in which case Hoechst, and its legal successors, must also reimburse the Company for two-thirds of any costs so incurred.\nThe German InfraServ Entities are owned partially by the Company (Note 8), as noted below, and the remaining ownership is held by various other companies.\nThe Company's ownership interest and environmental liability participation percentages for such liabilities which cannot be attributed to an InfraServ partner are as follows:"}
{"_id": "d8d998220", "title": "", "text": "McKESSON CORPORATION FINANCIAL REVIEW (Continued) 46 Financing activities for 2007 include our March 2007 issuance of $500 million of 5.25% notes due 2013 and $500 million of 5.70% notes due 2017.\nNet proceeds of $997 million from the issuance of the notes, after offering expenses, were used, together with cash on hand, to repay $1.0 billion of short-term borrowings then outstanding under the interim facility we entered into in connection with the acquisition of Per-Se.\nFinancing activities for 2007 also include $1.0 billion of cash paid for stock repurchases and $72 million of dividends paid, partially offset by $399 million of cash receipts from common stock issuances.\nThe Companys Board of Directors (the Board) has authorized the repurchase of McKessons common stock from time to time in open market or private transactions, which is described in more detail in Financial Note 19, Stockholders Equity, to the accompanying consolidated financial statements.\nDuring 2009, 2008 and 2007, the Company repurchased $484 million, $1,686 million and $1,001 million of its common stock at average prices of $50.52, $59.48 and $51.46.\nAs of March 31, 2009, $830 million remained available for future repurchases under the outstanding April 2008 Board approved share repurchase plan.\nIn July 2008, the Board authorized the retirement of shares of the Companys common stock that may be repurchased from time to time pursuant to its stock repurchase program.\nDuring the second quarter of 2009, all of the 4 million repurchased shares, which we purchased for $204 million, were formally retired by the Company.\nThe retired shares constitute authorized but unissued shares.\nWe elected to allocate any excess of share repurchase price over par value between additional paid-in capital and retained earnings.\nAs such, $165 million was recorded as a decrease to retained earnings.\nIn April 2008, the Board approved a change in the Companys dividend policy by increasing the amount of the Companys quarterly dividend from six cents to twelve cents per share, applicable to ensuing quarterly dividend declarations until further action by the Board.\nThe Company anticipates that it will continue to pay quarterly cash dividends in the future.\nHowever, the payment and amount of future dividends remain within the discretion of the Board and will depend upon the Companys future earnings, financial condition, capital requirements and other factors.\nAlthough we believe that our operating cash flow, financial assets, current access to capital and credit markets, as evidenced by our most recent debt issuance in February 2009, including our existing credit and sales facilities, will give us the ability to meet our financing needs for the foreseeable future, there can be no assurance that continued or increased volatility and disruption in the global capital and credit markets will not impair our liquidity or increase our costs of borrowing."}
{"_id": "d8e20249c", "title": "", "text": "| Twelve Months Ended December 31, Change | 2015 vs. 2014 | International | (In millions) | Operating revenue: | Europe | Latin America | Canada | Total operating revenue | % of consolidated revenue | Total operating income | Operating margin |"}
{"_id": "d873e1e36", "title": "", "text": "Use of Estimates The preparation of the financial statements requires management to make a number of estimates and assumptions that affect the reported amount of assets and liabilities and the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the period.\nThe most significant estimates, as discussed within our Summary of Significant Accounting Policies, pertain to the critical assumptions utilized in testing real estate assets for impairment as well as in estimating the fair value of real estate assets when an impairment event has taken place.\nActual results could differ from those estimates."}
{"_id": "d895e2bd4", "title": "", "text": "| In millions December 31 2012 December 31 2011 | Home equity loans/lines: | Private investors (a) | In millions | Consumer lending: | Real estate-related | Credit card (a) | Other consumer | Total consumer lending (b) | Total commercial lending | Total TDRs | Nonperforming | Accruing (c) | Credit card (a) | Total TDRs |"}
{"_id": "d8a765500", "title": "", "text": "| System Peak Demand (in MW) | 2018 | NSP System(a) | PSCo(a) | SPS(a) |"}
{"_id": "d8da14910", "title": "", "text": "| 2011 2010 | Insurance Contracts | Beginning balance January 1 | Actual return on plan assets | Relating to assets still held at December 31 | Relating to assets sold during the year | Purchases | Sales | Transfers to Level 3 | Ending balance December 31 |"}
{"_id": "d8177aa80", "title": "", "text": "| In millions Dec. 312012 Dec. 312011 | Total consumer lending (a) | Total commercial lending | Total TDRs | Nonperforming | Accruing (b) | Credit card (c) | Total TDRs |"}
{"_id": "d88e285c4", "title": "", "text": "During the year ended December 31, 2005, 3M entered into two immaterial additional business combinations for a total purchase price of $27 million, net of cash acquired.1) 3M (Electro and Communications Business) purchased certain assets of Siemens Ultrasound division’s flexible circuit manufacturing line, a U. S.  operation.\nThe acquired operation produces flexible interconnect circuits that provide electrical connections between components in electronics systems used primarily in the transducers of ultrasound machines.2) 3M (Display and Graphics Business) purchased certain assets of Mercury Online Solutions Inc. , a U. S.  operation.\nThe acquired operation provides hardware and software technologies and network management services for digital signage and interactive kiosk networks."}
{"_id": "d8e9eb604", "title": "", "text": "| Shares Weighted Average Grant-date Fair Value | Non-vested shares at January 1 | Granted | Deferred | Vested | Forfeited | Non-vested shares at December 31 |"}
{"_id": "d85e0b580", "title": "", "text": "| Year Ended December 31, | 2003 | $ | ($ in thousands) | Expenses | Employee compensation and benefits | Depreciation and amortization | Technology and communications | Professional and consulting fees | Warrant-related expense | Marketing and advertising | Moneyline revenue share | Restructuring charges | General and administrative | Total expenses |"}
{"_id": "d8eaabae4", "title": "", "text": "Power Generation Segment Results Financial data for the Power Generation segment was as follows:\nSales for our Power Generation segment by business were as follows:"}
{"_id": "d8dfe97c8", "title": "", "text": "| Years Ended December 31, | 2013 | (in millions) | Current income tax | Federal | State and local | Foreign | Total current income tax | Deferred income tax | Federal | State and local | Foreign | Total deferred income tax | Total income tax provision |"}
{"_id": "d813f9618", "title": "", "text": "Note 13  Equity Method Investments Noble Energy owns a 45% interest in Atlantic Methanol Production Company, LLC (AMPCO), which owns and operates a methanol production facility and related facilities in Equatorial Guinea and a 28% interest in Alba Plant, LLC (Alba Plant), which owns and operates a liquefied petroleum gas (LPG) processing plant.\nConstruction of the Alba Plant was funded primarily through advances by the Company and other owners in exchange for notes payable by the Alba Plant.\nThe notes mature on December 31, 2011 and bear interest at the 90-day LIBOR rate plus 3%.\nNoble Energy owns 50% interests in AMPCO Marketing, LLC and AMPCO Services, LLC, which provide technical and consulting services.\nThese investments, which are accounted for using the equity method, are included in equity method investments on the Companys balance sheets, and the Companys share of earnings is reported as income from equity method investments on the Companys statements of operations.\nSummarized, 100% combined financial information for equity method investees was as follows: Balance Sheet Information"}
{"_id": "d8d8aec56", "title": "", "text": "| Facility Name Location Commodity Handled Interest Gross Loading Capacity* | Marine | Beaumont | Clifton Ridge † | Freeport | Hartford † | Pecan Grove † | Portland | Richmond | San Bernard | Tacoma | Tremley Point † | Rail | Bayway † | Beaumont | Ferndale † | Missoula | Palermo † | Thompson Falls | Petroleum Coke | Lake Charles |"}
{"_id": "d8ddb680c", "title": "", "text": "Future Policy Benefit Reserves.\nThe Company wrote a limited amount of life and annuity reinsurance in its Bermuda segment.\nFuture policy benefit liabilities for annuities are reported at the accumulated fund balance of these contracts.\nReserves for those liabilities include mortality provisions with respect to life and annuity claims, both reported and unreported.\nActual experience in a particular period may be worse than assumed experience and, consequently, may adversely affect the Company’s operating results for that period.\nSee ITEM 8, “Financial Statements and Supplementary Data” - Note 1F of Notes to Consolidated Financial Statements.\nActivity in the reserve for future policy benefits is summarized for the periods indicated:"}
{"_id": "d8882274c", "title": "", "text": "We are working on several projects and we expect to continue to review and evaluate potential acquisitions of businesses, products or technologies, and strategic alliances that we believe will complement our current or future business.\nSubject to the Risk Factors set forth in Part I, Item 1A of this report and the general disclaimers set forth in our Special Note Regarding Forward-Looking Statements at the outset of this Report, we believe that cash flow from operations and cash available from our Amended Credit Agreement will provide us with sufficient funds in order to fund our expected operations over the next twelve months.\nOur longer-term liquidity is contingent upon future operating performance and our ability to continue to meet financial covenants under our Amended Credit Agreement.\nWe may also require additional capital in the future to fund capital expenditures, acquisitions or other investments, or to repay our convertible notes.\nThe holders of the convertible notes may require us to repurchase the notes on December 13 of 2013, and on each of December 15, 2017, 2022, 2027 and 2032 at a repurchase price equal to 100% of their accreted principal amount.\nThese capital requirements could be substantial.\nOur operating performance may also be affected by matters discussed under the above-referenced Risk Factors as elsewhere in this report.\nThese risks, trends and uncertainties may also adversely affect our longterm liquidity."}
{"_id": "d82375092", "title": "", "text": "Tobacco-Related Cases Set for Trial: As of January 29, 2018, three Engle progeny cases are set for trial through March 31, 2018.\nThere are no other individual smoking and health cases against PM USA set for trial during this period.\nCases against other companies in the tobacco industry may be scheduled for trial during this period.\nTrial dates are subject to change.\nTrial Results: Since January 1999, excluding the Engle progeny cases (separately discussed below), verdicts have been returned in 63 smoking and health, “Lights/Ultra Lights” and health care cost recovery cases in which PM USA was a defendant.\nVerdicts in favor of PM USA and other defendants were returned in 42 of the 63 cases.\nThese 42 cases were tried in Alaska (1), California (7), Connecticut (1), Florida (10), Louisiana (1), Massachusetts (2), Mississippi (1), Missouri (4), New Hampshire (1), New Jersey (1), New York (5), Ohio (2), Pennsylvania (1), Rhode Island (1), Tennessee (2) and West Virginia (2).\nA motion for a new trial was granted in one of the cases in Florida and in the case in Alaska.\nIn the Alaska case (Hunter), the trial court withdrew its order for a new trial upon PM USA’s motion for reconsideration.\nIn December 2015, the Alaska Supreme Court reversed the trial court decision and remanded the case with directions for the trial court to reassess whether to grant a new trial.\nIn March 2016, the trial court granted a new trial and PM USA filed a petition for review of that order with the Alaska Supreme Court, which the court denied in July 2016.\nThe retrial began in October 2016.\nIn November 2016, the court declared a mistrial after the jury failed to reach a verdict.\nThe plaintiff subsequently moved for a new trial, which is scheduled to begin April 9, 2018.\nSee Types and Number of Cases above for a discussion of the trial results in In re: Tobacco Litigation (West Virginia consolidated cases).\nOf the 21 non-Engle progeny cases in which verdicts were returned in favor of plaintiffs, 18 have reached final resolution.\nAs of January 29, 2018, 116 state and federal Engle progeny cases involving PM USA have resulted in verdicts since the Florida Supreme Court’s Engle decision as follows: 61 verdicts were returned in favor of plaintiffs; 45 verdicts were returned in favor of PM USA.\nEight verdicts that were initially returned in favor of plaintiff were reversed post-trial or on appeal and remain pending and two verdicts in favor of PM USA were reversed for a new trial.\nSee Smoking and Health Litigation - Engle Progeny Trial Court Results below for a discussion of these verdicts.\nJudgments Paid and Provisions for Tobacco and Health Litigation Items (Including Engle Progeny Litigation): After exhausting all appeals in those cases resulting in adverse verdicts associated with tobacco-related litigation, since October 2004, PM USA has paid in the aggregate judgments and settlements (including related costs and fees) totaling approximately $490 million and interest totaling approximately $184 million as of December 31, 2017.\nThese amounts include payments for Engle progeny judgments (and related costs and fees) totaling approximately $99 million, interest totaling approximately $22 million and payment of approximately $43 million in connection with the Federal Engle Agreement, discussed below."}
{"_id": "d8d33fd38", "title": "", "text": "Unit case volume for Bottling Investments increased 10 percent.\nThe group had growth in key markets where we own or otherwise consolidate bottling operations, including unit case volume growth of 4 percent in China, 16 percent in India, 5 percent in the Philippines and 1 percent in Germany.\nThe Company’s consolidated bottling operations accounted for 34 percent, 65 percent, 100 percent and 100 percent of the unit case volume in China, India, the Philippines and Germany, respectively.\nThe group’s volume growth included a benefit of 3 percentage points attributable to the acquisition of bottling operations in Vietnam, Cambodia and Guatemala during the year ended December 31, 2012.\nConcentrate Sales Volume In 2013, concentrate sales volume and unit case volume both grew 2 percent compared to 2012.\nLikewise, in 2012, concentrate sales volume and unit case volume both grew 4 percent compared to 2011.\nThe differences between concentrate sales volume and unit case volume growth rates for individual operating segments in 2013 and 2012 were primarily due to the timing of concentrate shipments and the impact of unit case volume from certain joint ventures in which the Company has an equity interest, but to which the Company does not sell concentrates, syrups, beverage bases or powders.\nAnalysis of Consolidated Statements of Income"}
{"_id": "d8b93b068", "title": "", "text": "Notes to Consolidated Financial Statements  (continued) (Amounts in Millions, Except Per Share Amounts) Guarantees We have guaranteed certain obligations of our subsidiaries relating principally to operating leases and uncommitted lines of credit of certain subsidiaries.\nAs of December 31, 2018 and 2017, the amount of parent company guarantees on lease obligations was $824.5 and $829.2, respectively, the amount of parent company guarantees primarily relating to uncommitted lines of credit was $349.1 and $308.8, respectively, and the amount of parent company guarantees related to daylight overdrafts, primarily utilized to manage intra-day overdrafts due to timing of transactions under cash pooling arrangements without resulting in incremental borrowings, was $207.8 and $182.2, respectively.\nIn the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee, we would be obligated to pay the amounts covered by that guarantee.\nAs of December 31, 2018, there were no material assets pledged as security for such parent company guarantees."}
{"_id": "d8efed304", "title": "", "text": "Adjusted Operating Profit as a Percent of Net Sales Excluding Certain Items Affecting Comparability We believe this measure provides useful information to investors because it is important for assessing our operating profit margin on a comparable basis.\nAdjusted operating profit excludes certain items affecting comparability"}
{"_id": "d88dbe67e", "title": "", "text": "| December 31 | 2004 | (In thousands) | Commitments to extend credit | Home equity lines of credit | Commercial real estate loans to be sold | Other commercial real estate and construction | Residential real estate loans to be sold | Other residential real estate | Commercial and other | Standby letters of credit | Commercial letters of credit | Financial guarantees and indemnification contracts | Commitments to sell real estate loans |"}
{"_id": "d8d3e0e90", "title": "", "text": "| In millions, except per share amounts 2005 2004 | Net Earnings (Loss) | As reported | Pro forma | Basic Earnings (Loss) Per Common Share | As reported | Pro forma | Diluted Earnings (Loss) Per Common Share | As reported | Pro forma |"}
{"_id": "d89db75c6", "title": "", "text": "| (In millions) 2006 2005 2004 2003 2002 | Net earnings | Interest expense (multiplied by 65%)1 | Return | Average debt2, 5 | Average equity3, 5 | Average benefit plan adjustments3, 4,5 | Average invested capital | Return on invested capital |"}
{"_id": "d81486c70", "title": "", "text": "American International Group, Inc. , and Subsidiaries The Capital Markets wind-down and other segment developments affecting pre-tax income (loss) described above are discussed further in Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity of Parent and Subsidiaries — Financial Services — Capital Markets Wind-down.\nAccrued compounding interest and fees (reflected as non-cash expenses) were paid in kind in 2010 and 2009 under the provisions of the FRBNY Credit Facility and, accordingly, did not reduce operating cash flow in any period.\nDebt under the FRBNY Credit Facility includes total accrued compounding interest and fees of $6.4 billion at December 31, 2010.\nThis amount was fully repaid in cash on January 14, 2011 as part of the Recapitalization.\nNet cash used in investing activities in 2010 primarily resulted from net purchases of fixed maturity securities, resulting from AIG’s investment of cash generated from operating activities, and the redeployment of liquidity that had been accumulated by the insurance companies in 2008 and 2009.\nIn these years, Net cash provided by investing activities resulted from the net proceeds from the sale and maturity of investments."}
{"_id": "d88c357e4", "title": "", "text": "| Table 4 Noninterest Income | (Dollars in millions) | Card income | Service charges | Investment and brokerage services | Investment banking income | Equity investment income | Trading account profits | Mortgage banking income (loss) | Insurance income | Gains on sales of debt securities | Other income | Net impairment losses recognized in earnings on available-for-sale debt securities | Total noninterest income |"}
{"_id": "d8d4e15c4", "title": "", "text": "| 2007 2006 | (in millions) | Joint ventures and limited partnerships: | Real estate related | Non real estate related | Total joint ventures and limited partnerships | Real estate held through direct ownership | Other | Total other long-term investments |"}
{"_id": "d869ea586", "title": "", "text": "| Named Exeutive Officer Stock Options | J. Wayne Leonard | Leo P. Denault | Richard J. Smith | E. Renae Conley | Hugh T. McDonald | Haley Fisackerly | Joseph F. Domino | Roderick K. West | Theodore H. Bunting, Jr. | Carolyn Shanks |"}
{"_id": "d8ea20f48", "title": "", "text": "| Total Level 1 Level 2 Level 3 | -1 | -2 | Domestic Equity Securities | Rollins, Inc. Stock | Other Securities | Global Equity Securities | -3 | -4 | -5 | -6 | -7 | Total | Total | -1 | -2 | Domestic Equity Securities | Rollins, Inc. Stock | Other Securities | Global Equity Securities | -3 | -4 | -5 | -6 | -7 | Total | December 31, | Accounts receivable, net | Materials and supplies | Equipment and property | Goodwill | Customer contracts | Other intangible assets | Current liabilities | Other assets and liabilities, net | Total consideration paid | Less: Contingent consideration liability | Total cash purchase price |"}
{"_id": "d89b09810", "title": "", "text": "| 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 | (In millions) | Gross Liability, End of Year | Reinsurance Recoverable, End of Year | Net Liability, End of Year | Reestimated Gross Liability | Reestimated Reinsurance Recoverable | Reestimated Net Liability | Cumulative Gross | Redundancy/(Deficiency) |"}
{"_id": "d877c9ddc", "title": "", "text": "| December 31, | 2010 | (In millions) | Commercial paper | MetLife Bank, N.A. — Advances agreements with the FHLB of NY | Other | Total short-term debt | Average daily balance | Average days outstanding | Borrower(s) | (In millions) | MetLife, Inc. and MetLife Funding, Inc. | MetLife, Inc. and MetLife Funding, Inc. | Total |"}
{"_id": "d8ad7413a", "title": "", "text": "| 2008 2007 2006 | Balance at January 1 | Increase (decrease) in fair value | Reclassifications to earnings | Balance at December 31 | December 31, | (In thousands) | Commercial | Commercial real estate | Consumer | Outstanding balance | Carrying amount | Less ALLL | Carrying amount, net |"}
{"_id": "d8dba3998", "title": "", "text": "| December 31, | 2016 | Uncertain gross tax positions, January 1 | Current year tax positions | Increase prior year tax positions | Decrease prior year tax positions | Settlements | Lapse of statutes of limitations | Uncertain gross tax positions, December 31 |"}
{"_id": "d87528d76", "title": "", "text": "supplies.\nExpenses for purchased services increased 10% compared to 2012 due to logistics management fees, an increase in locomotive overhauls and repairs on jointly owned property.\nExpenses for contract services increased $103 million in 2012 versus 2011, primarily due to increased demand for transportation services purchased by our logistics subsidiaries for their customers and additional costs for repair and maintenance of locomotives and freight cars.\nDepreciation – The majority of depreciation relates to road property, including rail, ties, ballast, and other track material.\nDepreciation was up 1% compared to 2012.\nRecent depreciation studies allowed us to use longer estimated service lives for certain equipment, which partially offset the impact of a higher depreciable asset base resulting from larger capital spending in recent years.\nA higher depreciable asset base, reflecting ongoing capital spending, increased depreciation expense in 2012 compared to 2011.\nEquipment and Other Rents – Equipment and other rents expense primarily includes rental expense that the Railroad pays for freight cars owned by other railroads or private companies; freight car, intermodal, and locomotive leases; and office and other rent expenses.\nAdditional container costs resulting from the logistics management arrangement, and increased automotive shipments, partially offset by lower cycle times drove a $51 million increase in our short-term freight car rental expense versus 2012.\nConversely, lower locomotive and freight car lease expenses partially offset the higher freight car rental expense.\nIncreased automotive and intermodal shipments, partially offset by improved car-cycle times, drove an increase in our short-term freight car rental expense in 2012 compared to 2011.\nConversely, lower locomotive lease expense partially offset the higher freight car rental expense.\nOther – Other expenses include state and local taxes, freight, equipment and property damage, utilities, insurance, personal injury, environmental, employee travel, telephone and cellular, computer software, bad debt, and other general expenses.\nHigher property taxes and costs associated with damaged freight and property increased other costs in 2013 compared to 2012.\nContinued improvement in our safety performance and lower estimated liability for personal injury, which reduced our personal injury expense year-over-year, partially offset increases in other costs.\nOther costs in 2012 were slightly higher than 2011 primarily due to higher property taxes.\nDespite continual improvement in our safety experience and lower estimated annual costs, personal injury expense increased in 2012 compared to 2011, as the liability reduction resulting from historical claim experience was less than the reduction in 2011."}
{"_id": "d8f70d5c6", "title": "", "text": "| At December 31, | 2011 | (dollar amounts in thousands) | Commercial: | Commercial and industrial | Commercial real estate | Total commercial | Consumer: | Automobile | Home equity | Residential mortgage | Other loans | Total consumer | Total allowance for loan and lease losses | Allowance for unfunded loan commitments | Total allowance for credit losses | At December 31, | 2011 | (dollar amounts in thousands) | Criticized commercial loans, beginning of period | New additions / increases | Advances | Upgrades to Pass | Payments | Loan losses | Criticized commercial loans, end of period |"}
{"_id": "d892da860", "title": "", "text": "| Year ended December 31, | (Dollars in thousands) | Net interest (loss) income | Noninterest income | Noninterest expense | Loss before income tax expense | Total average assets | Year ended December 31, | (Dollars in thousands) | GAAP noninterest income | Less: income attributable to noncontrolling interests, including carried interest -1 | Non-GAAP noninterest income, net of noncontrolling interests | Less: net losses on SVBIF sale transaction -2 | Non-GAAP noninterest income, net of noncontrolling interests and excluding net losses on SVBIF sale transaction |"}
{"_id": "d82729b34", "title": "", "text": "| At December 31, 2018 As Reported 2017 As Reported | (in millions) | Liability for unpaid losses and loss adjustment expenses | Future policy benefits for life and accident and health insurance contracts | Reserve for unearned premiums | Reinsurance assets(a) |"}
{"_id": "d8be615c4", "title": "", "text": "| December 31, 2015 Principal Unamortized  Discount Net Short Term  Debt Long Term  Debt | (In millions) | Loews Corporation | CNA Financial | Diamond Offshore | Boardwalk Pipeline | Loews Hotels | Total |"}
{"_id": "d87763190", "title": "", "text": "??\nOther Current Assets.\nOther current assets on our Consolidated Balance Sheets include certain current tax receivable accounts.\nAs of December 31, 2018 and 2017 these assets were approximately, $69.4 million and $54.2 million, respectively.\nOther current assets also includes an insurance receivable for costs incurred to date related to the 2017 cybersecurity incident that are reimbursable and probable of recovery under our insurance coverage.\nAs of December 31, 2018 the Company had no receivable outstanding.\nAs of December 31, 2017, the Company has recorded a receivable of $35.0 million.\nFor additional information, see Note 6.\nOther current assets also include amounts in specifically designated accounts that hold the funds that are due to customers from our debt collection and recovery management services.\nAs of December 31, 2018 and 2017 these assets were approximately $31.0 million and $21.4 million, respectively, with fully offsetting balances in other current liabilities.\nThese amounts are restricted as to their current use and will be released according to the specific customer agreements."}
{"_id": "d887e6620", "title": "", "text": "MetLife, Inc.  Notes to the Consolidated Financial Statements  (Continued) Performance Share amounts above represent aggregate initial target awards and do not reflect potential increases or decreases resulting from the final performance factor to be determined at the end of the respective performance period.\nAt December 31, 2009, the three year performance period for the 2007 Performance Share grants was completed.\nIncluded in the immediately preceding table are 801,750 outstanding Performance Shares to which the final performance factor will be applied.\nThe calculation of the performance factor is expected to be finalized during the second quarter of 2010 after all data necessary to perform the calculation is publicly available.\nPerformance Share awards are accounted for as equity awards but are not credited with dividend-equivalents for actual dividends paid on the Holding Companys common stock during the performance period.\nAccordingly, the estimated fair value of Performance Shares is based upon the closing price of the Holding Companys common stock on the date of grant, reduced by the present value of estimated dividends to be paid on that stock during the performance period.\nCompensation expense related to initial Performance Shares granted prior to January 1, 2006 and expected to vest is recognized ratably during the performance period.\nCompensation expense related to initial Performance Shares granted on or after January 1, 2006 and expected to vest is recognized ratably over the performance period or the period to retirement eligibility, if shorter.\nPerformance Shares expected to vest and the related compensation expenses may be further adjusted by the performance factor most likely to be achieved, as estimated by management, at the end of the performance period.\nCompensation expense of $11 million, $70 million and $90 million, related to Performance Shares was recognized for the years ended December 31, 2009, 2008 and 2007, respectively.\nAt December 31, 2009, there was $29 million of total unrecognized compensation costs related to Performance Share awards.\nIt is expected that these costs will be recognized over a weighted average period of 1.52 years."}
{"_id": "d8baa668c", "title": "", "text": "| 2015 2014 2013 | Ameren Missouri | Ameren Illinois | Other | Ameren(a) |"}
{"_id": "d8b05438c", "title": "", "text": "Commitments and Contingencies Asserted and Unasserted Claims  Various claims and lawsuits are pending against us and certain of our subsidiaries.\nWe cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations, financial condition, or liquidity; however, to the extent possible, where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated, we have recorded a liability.\nWe do not expect that any known lawsuits, claims, environmental costs, commitments, contingent liabilities, or guarantees will have a material adverse effect on our consolidated results of operations, financial condition, or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters.\nPersonal Injury  The cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year.\nWe use third-party actuaries to assist us in measuring the expense and liability, including unasserted claims.\nThe Federal Employers Liability Act (FELA) governs compensation for work-related accidents.\nUnder FELA, damages are assessed based on a finding of fault through litigation or out-of-court settlements.\nWe offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work.\nOur personal injury liability is discounted to present value using applicable U. S.  Treasury rates.\nApproximately 88% of the recorded liability related to asserted claims, and approximately 12% related to unasserted claims at December 31, 2008.\nBecause of the uncertainty surrounding the ultimate outcome of personal injury claims, it is reasonably possible that future costs to settle these claims may range from"}
{"_id": "d85f361d0", "title": "", "text": "| 2002 2001 2000 | Land, buildings and tenant improvements, net | Land held for development | Other assets | $1,338,464 | Property indebtedness | Other liabilities | 631,950 | Owners’ equity | $1,338,464 | Rental income | Net income | 2017 | Fixed rate secured debt | Weighted average interest rate | Variable rate secured debt | Weighted average interest rate | Fixed rate unsecured debt | Weighted average interest rate | Variable rate unsecured notes | Rate at December 31, 2016 | Unsecured line of credit | Rate at December 31, 2016 |"}
{"_id": "d820b0d2a", "title": "", "text": "Accounting for Derivative Hedging Citigroup accounts for its hedging activities in accordance with ASC 815, Derivatives and Hedging.\nAs a general rule, hedge accounting is permitted where the Company is exposed to a particular risk, such as interest rate or foreign exchange risk, that causes changes in the fair value of an asset or liability or variability in the expected future cash flows of an existing asset, liability or a forecasted transaction that may affect earnings.\nDerivative contracts hedging the risks associated with changes in fair value are referred to as fair value hedges, while contracts hedging the variability of expected future cash flows are cash flow hedges.\nHedges that utilize derivatives or debt instruments to manage the foreign exchange risk associated with equity investments in non-U.\nS. -dollar-functionalcurrency foreign subsidiaries (net investment in a foreign operation) are net investment hedges.\nTo qualify as an accounting hedge under the hedge accounting rules (versus an economic hedge where hedge accounting is not applied), a hedging relationship must be highly effective in offsetting the risk designated as being hedged.\nThe hedging relationship must be formally documented at inception, detailing the particular risk management objective and strategy for the hedge.\nThis includes the item and risk(s) being hedged, the hedging instrument being used and how effectiveness will be assessed.\nThe effectiveness of these hedging relationships is evaluated at hedge inception and on an ongoing basis both on a retrospective and prospective basis, typically using quantitative measures of correlation, with hedge ineffectiveness measured and recorded in current earnings.\nHedge effectiveness assessment methodologies are performed in a similar manner for similar hedges, and are used consistently throughout the hedging relationships.\nThe assessment of effectiveness may exclude changes in the value of the hedged item that are unrelated to the risks being hedged and the changes in fair value of the derivative associated with time value.\nPrior to January 1, 2018, these excluded items were recognized in current earnings for the hedging derivative, while changes in the value of a hedged item that were not related to the hedged risk were not recorded.\nUpon adoption of ASC 2017-12, Citi excludes changes in the cross currency basis associated with cross currency swaps from the assessment of hedge effectiveness and records it in other comprehensive income.\nDiscontinued Hedge Accounting A hedging instrument must be highly effective in accomplishing the hedge objective of offsetting either changes in the fair value or cash flows of the hedged item for the risk being hedged.\nManagement may voluntarily de-designate an accounting hedge at any time, but if a hedging relationship is not highly effective, it no longer qualifies for hedge accounting and must be de-designated.\nSubsequent changes in the fair value of the derivative are recognized in Other revenue or Principal transactions, similar to trading derivatives, with no offset recorded related to the hedged item.\nFor fair value hedges, any changes in the fair value of the hedged item remain as part of the basis of the asset or liability and are ultimately realized as an element of the yield on the item.\nFor cash flow hedges, changes in fair value of the end-user derivative remain in Accumulated other comprehensive income (loss) (AOCI) and are included in the earnings of future periods when the forecasted hedged cash flows impact earnings.\nHowever, if it becomes probable that some or all of the hedged forecasted transactions will not occur, any amounts that remain in AOCI related to these transactions must be immediately reflected in Other revenue.\nThe foregoing criteria are applied on a decentralized basis, consistent with the level at which market risk is managed, but are subject to various limits and controls.\nThe underlying asset, liability or forecasted transaction may be an individual item or a portfolio of similar items."}
{"_id": "d8b8a5b12", "title": "", "text": "Table of Contents POLO RALPH LAUREN CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) Additional information pertaining to the restricted stock and RSU activity is as follows:"}
{"_id": "d8f425552", "title": "", "text": "| Year Amount | 2016 | 2017 | 2018 | 2019 | 2020 | Thereafter | Total |"}
{"_id": "d8a5acfec", "title": "", "text": "During the years ended December 31, 2014, 2015 and 2016, we declared distributions to our stockholders of $1,048.9 million, $402.6 million, and $502.9 million, respectively.\nThese distributions represent approximately $5.37 per share, $1.91 per share and $2.04 per share for the years ended December 31, 2014, 2015 and 2016, respectively, based on the weighted average number of common shares outstanding during each respective year.\nFor 2014, total amounts distributed included a special distribution declared by our board of directors of $700.0 million, or $3.61 per share, associated with our conversion to a REIT, of which $560.0 million was paid in the form of our common stock and $140.0 million was paid in cash.\nOn February 15, 2017, we declared a dividend to our stockholders of record as of March 15, 2017 of $0.55 per share, payable on April 3, 2017"}
{"_id": "d8c75e398", "title": "", "text": "| (In thousands) December 31,  2007 | 2008 | 2009 | 2010 | 2011 | 2012 and thereafter | Total future minimum sponsorship and other marketing payments |"}
{"_id": "d8ed6db60", "title": "", "text": "| Year Ended December 31, 2016 to 2017 % Change 2015 to 2016 % Change | 2017 | (in thousands) | Cost of revenue | Cost of revenue as a percentage of revenue |"}
{"_id": "d8bfc2904", "title": "", "text": "| Amount (In Millions) | 2014 net revenue | Retail electric price | Volume/weather | Waterford 3 replacement steam generator provision | MISO deferral | Louisiana business combination customer credits | Other | 2015 net revenue |"}
{"_id": "d87e7df98", "title": "", "text": "NM Not Meaningful.\nOverall Income from continuing operations before income tax provision increased $577 million, or 29%, to $2.5 billion for the year ended December 31, 2014 compared to $2.0 billion for the prior year primarily reflecting the impact of market appreciation, wrap account net inflows, an increase in net income from CIEs and the market impact on variable annuity guaranteed benefits (net of hedges and the related DSIC and DAC amortization), partially offset by a $109 million decrease from unlocking, asset management retail fund distributions and higher auto and home claim and claim adjustment expense.\nThe market impact on variable annuity guaranteed benefits (net of hedges and the related DSIC and DAC amortization) was an expense of $94 million for the year ended December 31, 2014 compared to an expense of $170 million for the prior year, which included a $17 million benefit associated with unlocking.\nThe following table presents the total pretax impacts on our revenues and expenses attributable to unlocking for the years ended December 31:"}
{"_id": "d87e4cb64", "title": "", "text": "Item 2.\nProperties.\nThe following chart indicates the facilities we lease as of December 30, 2007, the location and size of each such facility and their designated use.\nDuring 2007, we expanded our facilities and leased additional space to accommodate growth in our business.\nWe anticipate continuing to expand our facilities over the next several years as we continue to expand our worldwide commercial operations and our manufacturing capabilities."}
{"_id": "d880433f0", "title": "", "text": "Performance Share Units Under the 2005 ICP, the Company’s Executive Leadership Team may be awarded a target number of performance share units (‘‘PSUs’’).\nPSUs will be earned only to the extent that the Company attains certain goals relating to the Company’s performance and relative total shareholder returns against peers over a three-year period.\nThe awards also have a three-year service condition with cliff vesting with an accelerated service condition based on age and length of service.\nThe actual number of PSUs ultimately earned could vary from zero, if performance goals are not met, to as much as 200% of the target, if performance goals are significantly exceeded.\nThe value of each target PSU is equal to the value of one share of Ameriprise common stock.\nThe total amount of target PSUs outstanding at the end of December 31, 2014, 2013 and 2012 was 0.2 million, 0.3 million, 0.2 million, respectively.\nThe PSUs are liability awards.\nDuring the year ended December 31, 2014, the value of shares settled for PSU awards was $20 million.\nThere were no settlements made for PSU awards for the years ended December 31, 2013 and 2012."}
{"_id": "d883b00ce", "title": "", "text": "| (In millions) 2009 2008 | Indemnified securities financing | Asset purchase agreements-1 | Unfunded commitments to extend credit | Standby letters of credit |"}
{"_id": "d8ef26c36", "title": "", "text": "| Year Amount | 2014 | 2015 | 2016 | 2017 | 2018 |"}
{"_id": "d8c804018", "title": "", "text": "| $ in millions AerospaceSystems ElectronicSystems InformationSystems TechnicalServices Total | Balance as of December 31, 2010 | Businesses sold | Balance as of December 31, 2011 | Businesses acquired, sold and other | Balance as of December 31, 2012 |"}
{"_id": "d8c33786e", "title": "", "text": "| December 31, 2011 December 31, 2010 | In millions | Commercial | Commercial real estate | Consumer | Residential real estate | Total |"}
{"_id": "d893fda9e", "title": "", "text": "| Pension Benefits OtherPostretirement Benefits | 2013 | Weighted-average assumptions used to determinebenefit obligations at December 31: | Discount rate | Rate of compensation increase | Weighted-average assumptions used to determine netperiodic benefit cost for the years ended December 31: | Discount rate | Expected return on plan assets | Rate of compensation increase | Assumed health care cost trend rates at December 31: -1 | Health care cost trend rate assumed for next year | Rate to which the cost trend rate is assumed to decline(the ultimate trend rate) | Year that the rate reaches the ultimate trend rate |"}
{"_id": "d89a6eb9e", "title": "", "text": "Item 7A.\nQuantitative and Qualitative Disclosure About Market Risks Market Risk We are exposed to market risks primarily from changes in interest rates and foreign currency exchange rates.\nWe use certain derivative financial instruments, including interest rate swaps and foreign currency forward exchange contracts, to manage interest rate and foreign currency risk.\nWe do not use derivatives for trading purposes, to generate income or to engage in speculative activity.\nInterest Rate Risk In addition to existing cash balances and cash provided by operating activities, we use fixed rate and variable rate debt to finance our operations.\nWe are exposed to interest rate risk on these debt obligations and related interest rate swaps.\nThe Notes (as defined in Note 13 to the Consolidated Financial Statements) represent substantially all of our fixed-rate long-term debt obligations.\nThe carrying value of the Notes was $1,950.0 million as of December 31, 2012.\nThe fair value of the Notes was approximately $2,138.2 million as of December 31, 2012.\nThe potential reduction in fair value of the Notes from a hypothetical 10 percent increase in market interest rates would not be material to the overall fair value of the debt.\nOur floating rate long-term debt obligations principally relate to borrowings under the FIS Credit Agreement (as also defined in Note 13 to the Consolidated Financial Statements).\nAn increase of 100 basis points in the LIBOR rate would increase our annual debt service under the FIS Credit Agreement, after we include the impact of our interest rate swaps, by $9.3 million (based on principal amounts outstanding as of December 31, 2012).\nWe performed the foregoing sensitivity analysis based on the principal amount of our floating rate debt as of December 31, 2012, less the principal amount of such debt that was then subject to an interest rate swap converting such debt into fixed rate debt.\nThis sensitivity analysis is based solely on"}
{"_id": "d8c22a02a", "title": "", "text": "| EntergyArkansas EntergyGulf StatesLouisiana EntergyLouisiana EntergyMississippi EntergyNew Orleans EntergyTexas SystemEnergy | (In Thousands) | 2011: | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | 2010: | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d862b5b62", "title": "", "text": "VISA INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) September 30, 2008 (in millions, except as noted) require the Company to redeem all class C (series II) common stock at any time after December 4, 2008.\nTherefore, in March 2008, the Company reclassified all class C (series II) common stock at its then fair value of $1.125 billion to temporary equity on the Companys consolidated balance sheet with a corresponding reduction in additional paid-in-capital of $1.104 billion and accumulated income (deficit) of $21 million.\nThe Company accreted this stock to its redemption price of $1.146 billion, adjusted for dividends and certain other adjustments, on a straight-line basis, from March 2008 to October 2008 through accumulated income.\nSee Note 4Visa Europe for a roll-forward of the balance of class C (series II) common stock.\nThe following table sets forth the number of shares of common stock issued and outstanding by class at September 30, 2008 and the impact of the October 2008 redemptions and subsequent conversion of the remaining outstanding shares of class C (series III and series IV) to class C (series I) shares and the number of shares of common stock issued and outstanding after the October 2008 redemptions in total and on as converted basis:"}
{"_id": "d89392d8e", "title": "", "text": "Legal and Other Contingencies We are involved from time to time in various legal proceedings and claims, including commercial or contractual disputes, product liability claims, government investigations, product warranties and environmental and other matters, that arise in the normal course of business.\nWe routinely assess the likelihood of any adverse judgments or outcomes related to these matters, as well as ranges of probable losses, by consulting with internal personnel involved with such matters as well as with outside legal counsel handling such matters.\nWe have accrued for estimated losses in accordance with U. S.  GAAP for those matters where we believe that the likelihood of a loss has occurred, is probable and the amount of the loss is reasonably estimable.\nThe determination of the amount of such reserves is based on knowledge and experience with regard to past and current matters and consultation with internal personnel involved with such matters and with outside legal counsel handling such matters.\nThe amount of such reserves may change in the future due to new developments or changes in circumstances.\nThe inherent uncertainty related to the outcome of these matters can result in amounts materially different from any provisions made with respect to their resolution."}
{"_id": "d87a5cb30", "title": "", "text": "Supplemental Savings Plan—CME maintains a supplemental plan to provide benefits for employees who have been impacted by statutory limits under the provisions of the qualified pension and savings plan.\nAll CME employees hired prior to January 1, 2007 are immediately vested in their supplemental plan benefits.\nAll CME employees hired on or after January 1, 2007 are subject to the vesting requirements of the underlying qualified plans.\nTotal expense for the supplemental plan was $0.9 million, $0.7 million and $1.3 million for 2010, 2009 and 2008, respectively."}
{"_id": "d8a4884fe", "title": "", "text": "| 5/9/2013 12/31/2013 12/31/2014 12/31/2015 12/31/2016 | Q | Peer Group | S&P 500 |"}
{"_id": "d8ebde6be", "title": "", "text": "| 2010 2009 2008 | (in millions) | Fixed maturity securities on which an OTTI loss has been recognized | Fixed maturity securities, available for sale—all other | Equity securities, available for sale | Derivatives designated as cash flow hedges-1 | Other investments-2 | Net unrealized gains (losses) on investments | 2010 | Less than twelve months | Fair Value | (in millions) | Fixed maturities-1 | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds | Corporate securities | Commercial mortgage-backed securities | Asset-backed securities | Residential mortgage-backed securities | Total |"}
{"_id": "d83ac86e0", "title": "", "text": "| Domestic Pension Plan Foreign Pension Plans Domestic Postretirement Benefit Plan | Years ended December 31, | Net periodic cost | Discount rate | Rate of compensation increase | Expected return on plan assets | Interest crediting rates | Benefit obligation | Discount rate | Rate of compensation increase | Interest crediting rates | Health care cost trend rate assumed for next year | Initial rate (weighted-average) | Year ultimate rate is reached | Ultimate rate |"}
{"_id": "d887b746a", "title": "", "text": "| Number of shares Weighted-averageexercise priceper share Weighted-averagecontractual term Aggregate intrinsicvalue | Outstanding at January 1, 2013 | Granted | Exercised | Canceled | Outstanding at December 31, 2013 | Granted | Exercised | Canceled | Outstanding at December 31, 2014 | Exercisable at December 31, 2014 |"}
{"_id": "d8c0acfe0", "title": "", "text": "| 2004 2003 2002 | Sales | Operating income/(loss) from discontinued operations | Gain/(loss) on discontinued operations | (Provision for)/benefit from income taxes | Income/(loss) from discontinued operations |"}
{"_id": "d8b190c28", "title": "", "text": "The strategy for GCSBB is to attract, retain and deepen customer relationships.\nWe execute this strategy through our ability to offer a wide range of products and services through a franchise that stretches coast to coast through 32 states and the District of Columbia.\nWe also provide credit card products to customers in Canada, Ireland, Spain and the United Kingdom.\nIn the U. S. , we serve approximately 59 million consumer and small business relationships utilizing our network of 6,139 banking centers, 18,685 domestic branded ATMs, and telephone and Internet channels.\nGCSBB is made up of three businesses: Deposits and Student Lending, Card Services and MHEIS.\nGCSBB, specifically the Card Services business, is presented on a managed basis.\nFor a reconciliation of managed GCSBB to held GCSBB, see Note 22  Business Segment Information to the Consolidated Financial Statements.\nNet income decreased $5.1 billion, or 55 percent, to $4.2 billion compared to 2007 as growth in noninterest income and net interest income was more than offset by higher provision for credit losses and an increase in noninterest expense.\nNet interest income increased $5.1 billion, or 18 percent, to $33.9 billion due to higher margin on ALM activities and the impact of the Countrywide and LaSalle acquisitions.\nIn addition, average loans and leases, and average deposits increased $56.2 billion and $40.3 billion, or 19 percent and 12 percent.\nNoninterest income increased $5.4 billion, or 28 percent, due to increased mortgage banking income and insurance premiums primarily as a result of the Countrywide acquisition, and higher service charges.\nIn addition, noninterest income benefited from the $388 million gain from the Visa IPO transactions and $283 million gain on the sale of a card portfolio.\nProvision for credit losses increased $13.9 billion to $26.8 billion compared to $12.9 billion in 2007, driven by increases of $8.2 billion and $5.3 billion in Card Services and MHEIS.\nFor further discussion related to Card Services and MHEIS, see their respective discussions beginning on pages 35 and 36.\nNoninterest expense increased $4.6 billion, or 23 percent, to $24.9 billion, primarily driven by the Countrywide and LaSalle acquisitions."}
{"_id": "d814d940c", "title": "", "text": "| For the Years Ended December 31, | (Millions of Dollars) | Operating revenues | Gas purchased for resale | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Gas operating income |"}
{"_id": "d8cfc2e4e", "title": "", "text": "| Modifications Current Modifications 30-89 Days Delinquent Modifications 90-179 Days Delinquent Modifications 180+ Days Delinquent Total Recorded Investment in Modifications | December 31, 2012 | One- to four-family | Home equity | Total | December 31, 2011 | One- to four-family | Home equity | Total | Recorded Investment in Modifications before Charge- offs | December 31, 2012 | One- to four-family | Home equity | Total | December 31, 2011 | One- to four-family | Home equity | Total |"}
{"_id": "d8e599a6a", "title": "", "text": "| Final Purchase Price Allocation -1 Preliminary Purchase Price Allocation -2 | Current assets -3 | Non-current assets | Property and equipment | Intangible assets -4 | Current liabilities | Other non-current liabilities -5 | Fair value of net assets acquired | Goodwill -6 |"}
{"_id": "d8aaa2970", "title": "", "text": "| For the year ended December 31, 2004 (In thousands) | Cash provided by operating activities | Cash used in investing activities | Cash used by financing activities | Decrease in cash and cash equivalents | Cash and cash equivalents, beginning of period | Cash and cash equivalents, end of period |"}
{"_id": "d885de8dc", "title": "", "text": "For further discussion of the companys steam operating revenues and its steam results, see Results of Operations in Item 7.\nFor additional segment information, see Note N to the financial statements in Item 8.\nSteam Peak Demand and Capacity Demand for steam in CECONYs service area peaks during the winter heating season.\nThe one-hour peak demand during the winter of 2009/2010 (through January 31, 2010) occurred on January 4, 2010 when the demand reached 8.0 MMlbs per hour.\nThe companys estimate for the winter of 2010/2011 peak demand of its steam customers is 9.6 MMlbs per hour under design criteria, which assumes severe weather.\nOn December 31, 2009, the steam system had the capability of delivering approximately 13.2 MMlbs of steam per hour and CECONY estimates that the system will have the capability to deliver this capacity in the 2010/2011 winter.\nSteam Supply Fifty-two percent of the steam produced by CECONY in 2009 was supplied by the companys steam-only generating assets; 31 percent was produced by the companys steam-electric generating assets, where steam and electricity are primarily cogenerated; and 17 percent was purchased under an agreement with Brooklyn Navy Yard Cogeneration Partners L. P.  O&R Electric Operations Electric Facilities O&Rs capitalized costs for utility plant, net of accumulated depreciation, for distribution facilities were $618 million and $588 million at December 31, 2009 and 2008, respectively.\nFor its transmission facilities, the costs for utility plant, net of accumulated depreciation, were $137 million and $136 million at December 31, 2009 and 2008, respectively.\nthe Company had federal net operating loss carry-forwards of $93 million, which expire in 2014 through 2030, state net operating loss carry-forwards of $336 million, which expire in 2013 through 2032, and foreign net operating loss carry-forwards of $55 million, $13 million of which expire in 2016 through 2032 and the remainder of which do not expire.7.\nEmployee Stock and Savings Plans Stock Plans The Company recognizes the fair value of share-based compensation granted to employees in cost of processing and services, cost of product and selling, general and administrative expense in its consolidated statements of income.\nThe Companys share-based compensation primarily consists of the following: Stock Options  The Company generally grants stock options to employees and non-employee directors at exercise prices equal to the fair market value of the Companys stock on the dates of grant, which are typically in the first quarter of the year.\nStock options generally vest over a three year period beginning on the first anniversary of the grant.\nAll stock options expire ten years from the date of the award.\nThe Company recognizes compensation expense for the fair value of the stock options over the requisite service period of the stock option award.\nRestricted Stock Units  The Company awards restricted stock units to employees and non-employee directors.\nThe Company recognizes compensation expense for restricted stock units based on the market price of the common stock on the date of award over the period during which the awards vest.\nEmployee Stock Purchase Plan  The Company maintains an employee stock purchase plan that allows eligible employees to purchase a limited number of shares of common stock each quarter through payroll deductions at 85% of the closing price of the Companys common stock on the last business day of each calendar quarter.\nThe Company recognizes compensation expense related to the 15% discount on the purchase date.\nShare-based compensation expense was $44 million in 2012 and $39 million in each of 2011 and 2010.\nThe income tax benefits related to share-based compensation totaled $15 million, $14 million and $13 million in 2012, 2011 and 2010, respectively.\nAt December 31, 2012, the total remaining unrecognized compensation cost for unvested stock options and restricted stock units, net of estimated forfeitures, of $53 million is expected to be recognized over a weighted-average period of 2.3 years.\nThe weighted-average estimated fair value of stock options granted during 2012, 2011 and 2010 was $21.71, $22.68 and $17.46 per share, respectively.\nThe fair values of stock options granted were estimated on the date of grant using a binomial option-pricing model with the following assumptions:"}
{"_id": "d8a971df8", "title": "", "text": "| Period Total Number ofSharesPurchased[a] AveragePrice PaidPerShare Total Number of SharesPurchased as Part of aPublicly AnnouncedPlan or Program [b] Maximum Number ofShares That May YetBe Purchased Under the Planor Program [b] | Oct. 1 through Oct. 31 | Nov. 1 through Nov. 30 | Dec. 1 through Dec. 31 | Total |"}
{"_id": "d89985e4e", "title": "", "text": "| Year ended December 31, 2005 | (In millions, except per share amounts) | Net income as reported | Add: Stock option compensation expense included in reported net income, net of related taxes | Deduct: Total stock option compensation expense determined under fair value method for all awards, net of related taxes | Pro forma net income | Earnings per share: | Basic—as reported | Basic—pro forma | Diluted—as reported | Diluted—pro forma |"}
{"_id": "d8402e5a8", "title": "", "text": "| December 31, | (in millions) | Balance sheet data: | Cash and cash equivalents | Goodwill and intangible assets, net | Total assets-1 | Less: | Separate account assets-2 | Collateral held under securities lending agreements-2 | Consolidated investment vehicles-3 | Adjusted total assets | Borrowings | Total BlackRock, Inc. stockholders’ equity | Assets under management: | Equity: | Active | iSharesETFs | Non-ETF index | Equity subtotal | Fixed income: | Active | iSharesETFs | Non-ETF index | Fixed income subtotal | Multi-asset | Alternatives: | Core | Currency and commodities-4 | Alternatives subtotal | Long-term | Cash management | Advisory-5 | Total |"}
{"_id": "d8d5af3c0", "title": "", "text": "| Statement of Income October 29, 2011 October 30, 2010 | Classification | Other income |"}
{"_id": "d8ae38eae", "title": "", "text": "| 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 12/31/2018 | HUM | S&P 500 | Peer Group |"}
{"_id": "d8b5692dc", "title": "", "text": "Cash used for investing activities was $567.9 million for 2005.\nNet cash outflow was primarily driven by a net increase in loans of $549.4 million and purchases of premises and equipment of $18.3 million.\nIn addition, purchases of investment securities of $534.3 million, offset by $27.3 million in proceeds from the sale of investment securities and $495.4 million in proceeds from maturities and pay-downs of investment securities also contributed to the net cash outflow.\nCash provided by financing activities was $289.2 million for 2005, largely driven by net increases in other borrowings of $269.7 million and capital contributions from minority interest participants net of distributions of $45.4 million.\nDeposits and proceeds from the issuance of common stock due to exercises of employee stock options also contributed $33.2 million and $18.6 million, respectively.\nThese sources of cash were offset by repurchases of our common stock of $77.7 million during 2005.\nCash and cash equivalents were $462.1 million at December 31, 2005.2004 Cash provided by operating activities for 2004 was $94.3 million, which included net income of $63.9 million.\nSignificant adjustments for noncash items included $9.9 million in tax benefits related to stock compensation, depreciation and amortization of $8.8 million, and deferred income tax expense of $5.6 million, offset by a net recovery of loan losses of $10.3 million, amortization of deferred warrant related loan fees of $5.7 million and net investment gains of $5.2 million.\nSources of cash from changes in other assets and liabilities included increases in accrued retention, incentive plans and other compensation benefits payable of $17.3 million and a decrease in income tax receivable of $4.6 million.\nThese sources of cash were offset by a $7.3 million increase in accounts receivable and an increase in accrued interest receivable of $3.4 million.\nCash used for investing activities was $876.3 million for 2004.\nNet cash outflow was primarily driven by purchases of investment securities of $1.4 billion, partially offset by $162.0 million in proceeds from the sale of investment securities and $729.2 million in proceeds from maturities and pay-downs of investment securities.\nA net increase in loans of $341.7 million also contributed to the net cash outflow.\nCash provided by financing activities was $573.9 million for 2004, largely driven by net increases in deposits of $552.7 million.\nProceeds from the issuance of common stock due to exercises of employee stock options and capital contributions from minority interest participants net of distributions also contributed $25.1 million and $16.9 million, respectively.\nThese sources of cash were offset by repurchases of our common stock of $12.6 million during 2004 and a decrease in other borrowings of $8.1 million.\nCash and cash equivalents were $627.2 million at December 31, 2004.\nFinancial Ratios"}
{"_id": "d8e86731e", "title": "", "text": "We recorded an income tax provision of $39.2 million for fiscal 2017, compared to $27.7 million for fiscal 2016.\nThe increase in income tax provision for fiscal 2017 was due primarily to higher income in fiscal 2017 due to higher Impella product revenue.\nNet Income For fiscal 2017, we recognized net income of $52.1 million, or $1.21 per basic share and $1.17 per diluted share, compared to $38.1 million, or $0.90 per basic share and $0.85 per diluted share for fiscal 2016.\nOur net income for fiscal 2017 was driven primarily to higher Impella product revenue due to greater utilization of our Impella devices in the U. S.  and Europe.\nAs described within Note 2.\n“Summary of Significant Accounting Policies” to our consolidated financial statements in this Report, we will adopt ASU 2016-09, Compensation-Stock Compensation (Topic 718): Improvements to Employee Share-Based Payment Accounting, in the first quarter of fiscal 2018.\nWe believe that the adoption of ASU 2016-09 will have a significant impact on our consolidated financial statements, most notably, the requirement to recognize certain tax benefits or shortfalls upon restricted stock unit vestings or stock option exercises in the income tax provision in our consolidated statement of operations.\nThe adoption of ASU 2016-09 is likely to introduce fluctuations to net income, our income tax provision and earnings per share in fiscal 2018."}
{"_id": "d886a10ee", "title": "", "text": "| 2012 2011 2010 | Net sales | Operating profit | Operating margins | Backlog at year-end |"}
{"_id": "d8f36b990", "title": "", "text": "| Years ended December 31, | 2012 | Cash paid for interest | Cash paid for income taxes, net of refunds1 |"}
{"_id": "d8a3d4706", "title": "", "text": "| Dollars in Millions 2007 2006 2005 | Revenues | Gross profit | Net income | Current assets | Current liabilities |"}
{"_id": "d887d2c74", "title": "", "text": "| GEOGRAPHIC AREAS 2012 2011 2010 | Net sales and revenues | Unaffiliated customers: | U.S. and Canada: | Equipment operations net sales -87%* | Financial services revenues -79%* | Total | Outside U.S. and Canada: | Equipment operations net sales | Financial services revenues | Total | Other revenues | Total |"}
{"_id": "d8c37cedc", "title": "", "text": "Managements Discussion and Analysis Investing & Lending Investing & Lending includes our investing activities and the origination of loans to provide financing to clients.\nThese investments and loans are typically longer-term in nature.\nWe make investments, some of which are consolidated, directly and indirectly through funds that we manage, in debt securities and loans, public and private equity securities, and real estate entities.\nThe table below presents the operating results of our Investing & Lending segment."}
{"_id": "d8b6054a2", "title": "", "text": "1 Segment operating income and operating margin exclude approximately $5 of restructuring and other reorganization-related charges.\nSee “Restructuring and Other Reorganization-Related Charges (Reversals), net” in Management’s Discussion and Analysis of Financial Condition and Results of Operations and Note 9 to the Consolidated Financial Statements for further information.\nOperating income increased during 2013 when compared to 2012 due to an increase in revenue of $99.0, partially offset by increases in salaries and related expenses of $38.8 and office and general expenses of $36.8.\nThe increase in salaries and related expenses was primarily attributable to increases in our workforce across most disciplines, primarily at our public relations business to support business growth.\nOffice and general expenses increased primarily due to higher production expenses related to pass-through costs for certain projects where we acted as principal that increased in size or were new during 2013.\nOperating income increased during 2012 when compared to 2011 due to an increase in revenue of $104.9, partially offset by increases in salaries and related expenses of $51.2 and office and general expenses of $40.9.\nThe increase in salaries and related expenses was primarily attributable to increases in our workforce across all disciplines to support business growth, which resulted in an increase in base salaries and benefits.\nOffice and general expenses increased primarily due to higher production expenses related to pass-through costs for certain projects where we acted as principal that increased in size or were new during 2012."}
{"_id": "d8dbce846", "title": "", "text": "| December 31, 2008 | Derivative Assets | (In millions) | Quoted prices in active markets for identical assets and liabilities (Level 1) | Significant other observable inputs (Level 2) | Significant unobservable inputs (Level 3) | Total estimated fair value |"}
{"_id": "d898dd91a", "title": "", "text": "(5) Excludes $218 million of liabilities for uncertain tax positions due to our inability to reasonably estimate the period(s) when potential cash settlements will be made."}
{"_id": "d8da9f600", "title": "", "text": "| March 31, | 2011 | (in $000’s) | Cost of product revenue | Research and development | Selling, general and administrative | $5,421 |"}
{"_id": "d87528a92", "title": "", "text": "| (Dollars in millions) 2009 | Balance, January 1, 2009 | Credit component of other-than-temporary impairment not reclassified to OCI in connection with the cumulative-effect transitionadjustment-1 | Additions for the credit component on debt securities on which other-than temporary impairment wasnot previously recognized-2 | Balance, December 31, 2009 |"}
{"_id": "d88116aca", "title": "", "text": "| Variance | (Dollar amounts in millions) | Non-operating income (expense), GAAP basis | Less: Net income (loss) attributable to NCI(1) | Non-operating income (expense)(2) | Compensation expense related to (appreciation) depreciation on deferred compensation plans | Non-operating income (expense), as adjusted(2) |"}
{"_id": "d8c29a6a4", "title": "", "text": "* These financial instruments are not measured at fair value on a recurring basis.\nSee the indicated footnotes for additional information about the carrying and fair values of these financial instruments.\nForeign time deposits are measured at cost plus accrued interest, which approximates fair value, and are accordingly classified as Level 2 securities.\nA three-level valuation hierarchy exists for disclosure of fair value measurements based upon the transparency of inputs to the valuation of an asset or liability as of the measurement date.\nThe three levels are defined as follows: ?\nLevel 1 - inputs to the valuation methodology are quoted prices (unadjusted) for identical assets or liabilities in active markets.  ?\nLevel 2 - inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.  ?\nLevel 3 - inputs to the valuation methodology are unobservable and significant to the fair value measurement.\nAn asset or liability's categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.\nThere are three types of valuation approaches: a market approach, which uses observable prices and other relevant information that t is generated by market transactions involving identical or comparable assets or liabilities; an income approach, which uses valuation techniques to convert future amounts to a single, discounted present value amount; and a cost approach, which is based on the amount that currently would be required to replace the service capacity of an asset.\nThe following is a description of the valuation methodologies used for assets and liabilities measured at fair value, as well as the general classification of such assets and liabilities pursuant to the valuation hierarchy.\nCash equivalents Cash investments in affiliated money market funds are valued underr the market approach through the use of quoted market prices in an active market, which is the net asset value of the underlying funds, and are classified within level 1 of the valuation hierarchy.\nAvailable--for-sale investments Seed money is valued under the market approach through the use of quoted market prices available in an active market and is classified within level 1 of the valuation hierarchy; there is no modeling or additional information needed to arrive at the fair values of these investments.\nAt December 31, 2017 and December 31, 2016, investments in CLOs were valued using pricing information obtained by an independent third-party pricing source.\nOther debt securities are valued using a cost valuation technique due to the lack of available cash flow and market data and are accordingly also classified within level 3 of the valuation hierarchy."}
{"_id": "d86f2b108", "title": "", "text": "(1) As a result of the Class B Repurchase, for the year ended December 31, 2016, the Closed Block, along with certain related assets and liabilities, comprises the Closed Block division, which is accounted for as a divested business that is reported separately from the divested businesses that are included in Corporate and Other operations."}
{"_id": "d8cc15ef4", "title": "", "text": "| December 31 | 2007 | (Dollars in millions) | Allowance for loan and lease losses | Residential mortgage | Credit card – domestic | Credit card – foreign | Home equity | Direct/Indirect consumer | Other consumer | Total consumer | Commercial – domestic-1 | Commercial real estate | Commercial lease financing | Commercial – foreign | Total commercial-2 | Allowance for loan and lease losses | Reserve for unfunded lending commitments | Allowance for credit losses |"}
{"_id": "d8e64bc7e", "title": "", "text": "| The Company $6,621,539 14.67% $4,514,553 10.00% | Zions First National Bank | California Bank & Trust | Amegy Bank | Tier 1 capital (to risk-weighted assets) | The Company | Zions First National Bank | California Bank & Trust | Amegy Bank | Tier 1 capital (to average assets) | The Company | Zions First National Bank | California Bank & Trust | Amegy Bank |"}
{"_id": "d863b7358", "title": "", "text": "| Years Ended December 31, Increase (Decrease) | 2015 | Loss ratio | Catastrophe losses and reinstatement premiums | Prior year development net of premium adjustments | Accident year loss ratio, as adjusted | Acquisition ratio | General operating expense ratio | Expense ratio | Combined ratio | Catastrophe losses and reinstatement premiums | Prior year development net of premium adjustments | Accident year combined ratio, as adjusted | Direct Investment book | Global Capital Markets | Run-off insurance Lines | Consolidation and eliminations | Total Corporate and Other pre-tax operating loss |"}
{"_id": "d87528cfe", "title": "", "text": "| Outstandings  December 31 Purchased Impaired Portfolio Net Charge-offs-1Year Ended December 31 | (Dollars in millions) | California | Florida | Virginia | Arizona | Colorado | Other U.S./Foreign | Total Countrywide purchased impaired home equity portfolio | Outstandings-1December 31 | (Dollars in millions) | California | Florida | Arizona | Washington | Virginia | Other U.S./Foreign | Total Countrywide purchased impaired discontinued real estate loan portfolio |"}
{"_id": "d871b1dc8", "title": "", "text": "The Company amortizes its intangible assets over periods ranging from three to fifteen years.\nAmortization of intangible assets for the years ended December 31, 2005 and 2004 aggregated approximately $136.0 million and $97.8 million, respectively (excluding amortization of deferred financing costs, which is included in interest expense).\nThe Company expects to record amortization expense of approximately $183.6 million, $178.3 million, $174.4 million, $172.7 million and $170.3 million, for the years ended December 31, 2006, 2007, 2008, 2009 and 2010, respectively.\nThese amounts are subject to changes in estimates until the preliminary allocation of the SpectraSite purchase price is finalized.6."}
{"_id": "d8ecca276", "title": "", "text": "BROKERAGE RECEIVABLES AND BROKERAGE PAYABLES Citi has receivables and payables for financial instruments sold to and purchased from brokers, dealers and customers, which arise in the ordinary course of business.\nCiti is exposed to risk of loss from the inability of brokers, dealers or customers to pay for purchases or to deliver the financial instruments sold, in which case Citi would have to sell or purchase the financial instruments at prevailing market prices.\nCredit risk is reduced to the extent that an exchange or clearing organization acts as a counterparty to the transaction and replaces the broker, dealer or customer in question.\nCiti seeks to protect itself from the risks associated with customer activities by requiring customers to maintain margin collateral in compliance with regulatory and internal guidelines.\nMargin levels are monitored daily, and customers deposit additional collateral as required.\nWhere customers cannot meet collateral requirements, Citi may liquidate sufficient underlying financial instruments to bring the customer into compliance with the required margin level.\nExposure to credit risk is impacted by market volatility, which may impair the ability of clients to satisfy their obligations to Citi.\nCredit limits are established and closely monitored for customers and for brokers and dealers engaged in forwards, futures and other transactions deemed to be credit sensitive."}
{"_id": "d8ad23c6c", "title": "", "text": "| 2014 2013 2012 | Year ended December 31,(in millions, except rates)(a) | Principal securitized | All cash flows during the period: | Proceeds from new securitizations(b) | Servicing fees collected | Purchases of previously transferred financial assets (or the underlying collateral)(c) | Cash flows received on interests |"}
{"_id": "d875163d8", "title": "", "text": "In December 2011, one of Arconics former subsidiaries in Brazil applied for a tax holiday related to its expanded mining and refining operations.\nDuring 2013, the application was amended and re-filed and, separately, a similar application was filed for another one of Arconics former subsidiaries in Brazil.\nThe deadline for the Brazilian government to deny the application was July 11, 2014.\nSince Arconic did not receive notice that its applications were denied, the tax holiday took effect automatically on July 12, 2014.\nAs a result, the tax rate applicable to qualified holiday income for these subsidiaries decreased significantly (from 34% to 15.25%), resulting in future cash tax savings over the 10-year holiday period (retroactively effective as of January 1, 2013).\nAdditionally, a portion of one of the subsidiaries net deferred tax assets that reverses within the holiday period was remeasured at the new tax rate (the net deferred tax asset of the other subsidiary was not remeasured since it could still be utilized against the subsidiarys future earnings not subject to the tax holiday).\nThis remeasurement resulted in a decrease to that subsidiarys net deferred tax assets and a noncash charge to earnings of $52 ($31 after noncontrolling interests).\nThe following table details the changes in the valuation allowance:"}
{"_id": "d88f088d6", "title": "", "text": "| (In millions) 2007 2006 2005 2004 2003 | Net earnings | Interest expense (multiplied by 65%)1 | Return | Average debt2, 5 | Average equity3, 5 | Average benefit plan adjustments3, 4, 5 | Average invested capital | Return on invested capital | At December 31, | 2005 | (in millions) | Fixed maturities, available for sale | Fixed maturities, held to maturity | Commercial loans | Other long-term investments | Short-term investments | Cash and cash equivalents | Accrued investment income | Other assets | Total assets of consolidated VIEs | Total liabilities of consolidated VIEs |"}
{"_id": "d8b992aa2", "title": "", "text": "| December 31, | (in millions) | Undrawn commitments to extend credit | Financial standby letters of credit | Performance letters of credit | Commercial letters of credit | Marketing rights | Risk participation agreements | Residential mortgage loans sold with recourse | Total |"}
{"_id": "d8f4ed9ee", "title": "", "text": "| Long-term debt maturities 2004 2005 2006 2007 2008-2009 after 2009 | (In Millions) | As of December 31, 2003 | U.S. Utility | Non-Utility Nuclear | Energy Commodity Services | Parent and Other | Total | As of December 31, 2004 | U.S. Utility | Non-Utility Nuclear | Energy Commodity Services | Parent and Other | Total |"}
{"_id": "d86bdf9fe", "title": "", "text": "| Gold Ounces Sold Costs Applicable to Sales-1 Depreciation, Depletion and Amortization | 2007 | (in thousands) | Year ended December 31, |"}
{"_id": "d8e14a0cc", "title": "", "text": "Dow Jones Revenues were $1,570 million for the fiscal year ended June 30, 2016, an increase of $4 million, as compared to fiscal 2015 revenues of $1,566 million.\nCirculation and subscription revenues increased by $33 million, due to higher revenues at The Wall Street Journal of $20 million primarily related to price increases and digital volume growth and the $19 million positive impact of the 53rd week, partially offset by the $10 million negative impact of foreign currency fluctuations.\nProfessional information business revenues were flat compared to fiscal 2015.\nAdvertising revenues decreased $27 million primarily resulting from lower print advertising of $36 million, partially offset by higher digital advertising revenues.\nThe impact of the 53rd week resulted in a revenue increase of $7 million."}
{"_id": "d8d8aec06", "title": "", "text": "| Facility Name Location North Dakota Kansas Commodity Handled Crude Oil Refined Petroleum Products Interest 70% 100 Gross Storage Capacity (MBbl) 235 978 Gross Rack Capacity (MBD) N/A N/A | Pasadena † | Pecan Grove † | Ponca City † | Ponca City Crude † | Portland | Renton | Richmond | River Parish † | Rock Springs | Sacramento | San Bernard | Santa Margarita | Sheridan † | Spokane | Tacoma | Torrance | Tremley Point † | Westlake | Wichita Falls † | Wichita North † | Wichita South † |"}
{"_id": "d8ddaa1a6", "title": "", "text": "| November 30, | 2010 | Carrying Amount | (In thousands) | ASSETS | Rialto Investments: | Loans receivable | Investments—held-to-maturity | Lennar Financial Services: | Loans held-for-investment, net | Investments—held-to-maturity | LIABILITIES | Lennar Homebuilding: | Senior notes and other debts payable | Rialto Investments: | Notes payable | Lennar Financial Services: | Notes and other debts payable |"}
{"_id": "d8bec3cce", "title": "", "text": "| 2015 2014 2013 | Earnings from operations | Adjustments: | General and administrative | Management and other fees from affiliates | Depreciation and amortization | Merger and integration expenses | Acquisition and investment related costs | Net operating income | Less: Non Same-Property NOI | Same-Property NOI |"}
{"_id": "d8b3b77b8", "title": "", "text": "| December 31, | (dollars in millions) | Commercial | Commercial real estate | Leases | Total commercial | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Student | Total retail | Total non-core loans | Other assets | Total non-core assets |"}
{"_id": "d889d03fa", "title": "", "text": "| December 31, 2008 | Proved Developed Reserves | United States | Crude oil, condensate and NGLs (MMBbls) | Natural gas (Bcf) | Total US (MMBoe)(1) | International | Crude oil, condensate and NGLs (MMBbls) | Natural gas (Bcf) | Total International (MMBoe)(1) | Worldwide | Crude oil, condensate and NGLs (MMBbls) | Natural gas (Bcf) | Total Worldwide (MMBoe)(1) (2) |"}
{"_id": "d868c1772", "title": "", "text": "| 2017 2016 | (DOLLARS IN THOUSANDS) | Cash and cash equivalents-1 | Credit facilities and bank overdrafts-2 | Long-term debt:-3 | Senior notes - 2007 | Senior notes - 2013 | Euro Senior notes - 2016 | Senior notes - 2017 |"}
{"_id": "d8c73c73e", "title": "", "text": "Other subsidiaries.\nThe ability of our investment management subsidiaries and the majority of our other operating subsidiaries to pay dividends is largely unrestricted from a regulatory standpoint.\nLiquidity of Insurance Subsidiaries We manage the liquidity of our insurance operations to ensure stable, reliable and cost-effective sources of cash flows to meet all of our obligations.\nLiquidity within each of our insurance subsidiaries is provided by a variety of sources, including portfolios of liquid assets.\nThe investment portfolios of our subsidiaries are integral to the overall liquidity of our insurance operations.\nWe segment our investment portfolios and employ an asset/liability management approach specific to the requirements of each of our product lines.\nThis enhances the discipline applied in managing the liquidity, as well as the interest rate and credit risk profiles, of each portfolio in a manner consistent with the unique characteristics of the product liabilities.\nLiquidity is measured against internally-developed benchmarks that take into account the characteristics of both the asset portfolio and the liabilities that they support.\nWe consider attributes of the various categories of liquid assets (for example, type of asset and credit quality) in calculating internal liquidity measures to evaluate our insurance operations’ liquidity under various stress scenarios, including company-specific and market-wide events.\nWe continue to believe that cash generated by ongoing operations and the liquidity profile of our assets provide sufficient liquidity under reasonably foreseeable stress scenarios for each of our insurance subsidiaries.\nCash Flow The principal sources of liquidity for our insurance subsidiaries are premiums, investment and fee income, and investment maturities and sales associated with our insurance and annuity operations, as well as internal and external borrowings.\nThe principal uses of that liquidity include benefits, claims and dividends paid to policyholders, and payments to policyholders and contractholders in connection with surrenders, withdrawals and net policy loan activity.\nOther uses of liquidity may include commissions, general and administrative expenses, purchases of investments, the payment of dividends to the parent holding company, hedging and reinsurance activity and payments in connection with financing activities.\nIn each of our major insurance subsidiaries, we believe that the cash flows from operations are adequate to satisfy current liquidity requirements.\nThe continued adequacy of this liquidity will depend upon factors such as future securities market conditions, changes in interest rate levels, policyholder perceptions of our financial strength, policyholder behavior, catastrophic events and the relative safety and attractiveness of competing products, each of which could lead to reduced cash inflows or increased cash outflows.\nOur insurance operations’ cash flows from investment activities result from repayments of principal, proceeds from maturities and sales of invested assets and investment income, net of amounts reinvested.\nThe primary liquidity risks with respect to these cash flows are the risk of default by debtors or bond insurers, our counterparties’ willingness to extend repurchase and/or securities lending arrangements, commitments to invest and market volatility.\nWe closely manage these risks through our credit risk management process and regular monitoring of our liquidity position."}
{"_id": "d8ced748a", "title": "", "text": "Divestiture of the Information Systems & Global Solutions Business OnAugust 16, 2016, we divested our former IS&GS business, which merged with Leidos, in a ReverseMorrisTrrust transaction (the Transaction).\nThe Transaction was completed in a multi-step process pursuant to which we initially contributed the IS&GS business to Abacus Innovations Corporation (Abacus), a wholly owned subsidiary of Lockheed Martin created to facilitate the Transaction, and the common stock of Abacus was distributed to participating Lockheed Martin stockholders through an exchange offer.\nUnder the terms of the exchange offer, Lockheed Martin stockholders had the option to exchange shares of Lockheed Martin common stock for shares of Abacus common stock.\nAt the conclusion of the exchange offer, all shares of Abacus common stock were exchanged for 9,369,694 shares of Lockheed Martin common stock held by Lockheed Martin stockholders that elected to participate in the exchange.\nThe shares of Lockheed Martin common stock that were exchanged and accepted were retired, reducing the number of shares of our common stock outstanding by approximately 3%.\nFollowing the exchange offer, Abacus merged with"}
{"_id": "d85da422c", "title": "", "text": "| 2014 2013 2012 | Rent expense | Less: sublease income | Net rent expense |"}
{"_id": "d8f444d8a", "title": "", "text": "On August 1, 2007, CNA entered into a credit agreement with a syndicate of banks and other lenders.\nThe credit agreement established a five-year $250 million senior unsecured revolving credit facility which is intended to be used for general corporate purposes.\nBorrowings under the revolving credit facility bear interest at the London Interbank Offered Rate (“LIBOR”) plus CNA’s credit risk spread of 0.54% which was equal to 2.74%, at December 31, 2008.\nCNA used $200 million of the proceeds to retire its 6.60% Senior Notes due December 15, 2008.\nUnder the credit agreement, CNA is required to pay certain fees, including a facility fee and a utilization fee, both of which would adjust automatically in the event of a change in CNA’s financial ratings.\nThe credit agreement includes covenants regarding maintenance of a minimum consolidated net worth and a specified ratio of consolidated indebtedness to consolidated total capitalization.\nAs of December 31, 2008, CNA was in compliance with all covenants.\nDiamond Offshore maintains a $285 million syndicated, senior unsecured revolving credit facility, for general corporate purposes, including loans and performance or standby letters of credit which bears interest at a rate per annum equal to, at its election, either (i) the higher of the prime rate or the federal funds rate plus 50 basis points or (ii) the London Interbank Offered Rate, or LIBOR, plus an applicable margin, based on Diamond Offshore’s current credit ratings.\nAs of December 31, 2008, there were no loans outstanding under the credit facility; however, $58 million in letters of credit were issued which reduced the available capacity under the facility.\nAs of December 31, 2008, Diamond Offshore was in compliance with all covenants.\nHighMount maintains $1.6 billion of variable rate term loans which bear interest at LIBOR plus an applicable margin.\nHighMount has entered into interest rate swaps for a notional amount of $1.6 billion to hedge its exposure to fluctuations in LIBOR.\nThese swaps effectively fix the interest rate at 5.8%.\nThe loans also provide for a five year, $400 million revolving credit facility.\nBorrowings under the credit facility bear interest at LIBOR plus an applicable margin or a base rate defined as the greater of the prime rate or the federal funds rate plus 50 basis points.\nAmong other customary covenants, HighMount cannot exceed a predetermined total debt to capitalization ratio.\nAs of December 31, 2008, $115 million was outstanding under the facility.\nIn addition, $9 million in letters of credit were issued, which reduced the available capacity to $276 million.\nA financial institution which has a $30 million funding commitment under the revolving credit facility has not funded its portion of HighMount’s borrowing requests since September of 2008.\nAll other lenders met their revolving commitments on HighMount’s borrowings.\nIf the financial institution fails to fund future commitments under the revolving credit facility and is not replaced by another lender, the available capacity under the facility would be reduced to $255 million from $276 million.\nAt December 31, 2008, HighMount is in compliance with all of its debt covenants under the credit agreement."}
{"_id": "d878d5f96", "title": "", "text": "| ($ in billions) Account  Value Gross Net  Amount at Risk Retained Net  Amount at Risk % of Contracts In the Money % In the  Money[4] | U. S Variable Annuity [1] | GMDB [2] | GMWB | Japan Variable Annuity [1] | GMDB | GMIB [3] | UK Variable Annuity [1] | GMDB | GMWB | ($ in billions) | U. S Variable Annuity [1] | GMDB [2] | GMWB | Japan Variable Annuity [1] | GMDB | GMIB [3] | UK Variable Annuity [1] | GMDB | GMWB |"}
{"_id": "d8e09d02a", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) The risk-free interest rate is based on the yield of a zero coupon United States Treasury security with a maturity equal to the expected life of the option from the date of the grant.\nOur assumption on expected volatility is based on our historical volatility.\nThe dividend yield assumption is calculated using our average stock price over the preceding year and the annualized amount of our current quarterly dividend.\nWe based our assumptions on the expected lives of the options on our analysis of the historical exercise patterns of the options and our assumption on the future exercise pattern of options.\nRestricted Stock Shares awarded under the restricted stock program, issued under the 2000 Plan and 2005 Plan, are held in escrow and released to the grantee upon the grantee’s satisfaction of conditions of the grantee’s restricted stock agreement.\nThe grant date fair value of restricted stock awards is based on the quoted fair market value of our common stock at the award date.\nCompensation expense is recognized ratably during the escrow period of the award.\nGrants of restricted shares are subject to forfeiture if a grantee, among other conditions, leaves our employment prior to expiration of the restricted period.\nGrants of restricted shares generally vest one year after the date of grant with respect to 25% of the shares granted, an additional 25% after two years, an additional 25% after three years, and the remaining 25% after four years."}
{"_id": "d8bc0f622", "title": "", "text": "| Years ended December 31, | 2007 | (in millions) | Bartow costs | Fixed asset disposals | Other environmental costs | Litigation costs | Goodwill impairment | $3.2 | Twelve months ended December 31, | 2015 | (in millions, except as noted) | Net sales | Cost of sales | Gross margin | Gross margin percentage | Sales volume by product tons (000s) | Sales volume by nutrient tons (000s)(1) | Average selling price per product ton | Average selling price per nutrient ton-1 | Gross margin per product ton | Gross margin per nutrient ton-1 | Depreciation and amortization |"}
{"_id": "d87310516", "title": "", "text": "Price increases and fuel surcharges generated higher revenue in 2008, partially offset by lower volume levels.\nInternational traffic declined 11% in 2008, reflecting continued softening of imports from China and the loss of a customer contract.\nNotably, the peak intermodal shipping season, which usually starts in the third quarter, was particularly weak in 2008.\nAdditionally, continued weakness in domestic housing and automotive sectors translated into weak demand in large sectors of the international intermodal market, which also contributed to lower volumes.\nDomestic traffic declined 3% in 2008 due to the loss of a customer contract and lower volumes from less-than-truckload shippers.\nAdditionally, the flood-related embargo on traffic in the Midwest during the second quarter hindered intermodal volume levels in 2008.\nMexico Business – Each of our commodity groups include revenue from shipments to and from Mexico.\nRevenue from Mexico business decreased 26% in 2009 versus 2008 to $1.2 billion.\nVolume declined in five of our six commodity groups, down 19% in 2009, driven by 32% and 24% reductions in industrial products and automotive shipments, respectively.\nConversely, energy shipments increased 9% in 2009 versus 2008, partially offsetting these declines.\nRevenue from Mexico business increased 13% to $1.6 billion in 2008 compared to 2007.\nPrice improvements and fuel surcharges contributed to these increases, partially offset by a 4% decline in volume in 2008 compared to 2007."}
{"_id": "d891375a8", "title": "", "text": "| Weighted AverageUseful Life (years) | Purchased technology | Customer contracts and relationships | Trademarks | Acquired rights to use technology | Localization | Other intangibles |"}
{"_id": "d8e46144a", "title": "", "text": "| Amount (In Millions) | 2015 net revenue | Retail electric price | Louisiana business combination customer credits | Volume/weather | Louisiana Act 55 financing savings obligation | Other | 2016 net revenue |"}
{"_id": "d8887745e", "title": "", "text": "| Notional Amount Effective Date Maturity Date Fixed Interest Rate* | $200,000,000 | $250,000,000 | $100,000,000 |"}
{"_id": "d8cc5eabe", "title": "", "text": "| Fiscal 2010 Fiscal 2009 | (in millions) | Balance at October 1 | Funding under the plan | American Express settlement payments | Discover settlement payments-1 | Interest earned, less applicable taxes | Balance at September 30 | Less: Current portion of escrow account | Long-term portion of escrow account |"}
{"_id": "d8ed02cca", "title": "", "text": "(2) Our union-represented mainline employees are covered by agreements that are not currently amendable.\nJoint collective bargaining agreements (JCBAs) have been reached with post-Merger employee groups, except the maintenance, fleet service, stock clerks, maintenance control technicians and maintenance training instructors represented by the TWU-IAM Association who are covered by separate CBAs that become amendable in the third quarter of 2018.\nUntil those agreements become amendable, negotiations for JCBAs will be conducted outside the traditional RLA bargaining process as described above, and, in the meantime, no self-help will be permissible."}
{"_id": "d8e49368e", "title": "", "text": "| Twelve Months Ended | (millions of dollars) | Operating revenues | Purchased power | Fuel | Net revenues | Operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Electric operating income |"}
{"_id": "d8833bf3a", "title": "", "text": "Principal Financial Group, Inc.  Notes to Consolidated Financial Statements  (continued) 5.\nVariable Interest Entities  (continued) interest-only certificate and to all principal payments.\nWe retained the interest-only certificate and the residual certificates were subsequently sold to a third party.\nWe have determined that these grantor trusts are VIEs as our interest-only certificates are exposed to the majority of the risk of loss due to interest rate risk.\nThe restricted interest periods end between 2016 and 2020 and, at that time, the residual certificate holders certificates are redeemed by the trust in return for the notes.\nWe have determined that it will be necessary for us to consolidate these entities until the expiration of the interest-only period.\nAs of December 31, 2008 and 2007, our consolidated statements of financial position include $212.2 million and $332.1 million, respectively, of undated subordinated floating rate notes of the grantor trusts, which are classified as available-for-sale fixed maturity securities and represent the collateral held by the trust.\nThe obligation to deliver the underlying securities to the residual certificate holders of $103.8 million and $155.6 million as of December 31, 2008 and 2007, respectively, is classified as an other liability and contains an embedded derivative of the forecasted transaction to deliver the underlying securities.\nThe creditors of the grantor trusts have no recourse to our assets.\nOther.\nIn addition to the entities above, we have a number of relationships with a disparate group of entities, which meet the criteria for VIEs.\nDue to the nature of our direct investment in the equity and/or debt of these VIEs, we are the primary beneficiary of such entities, which requires us to consolidate them.\nThese entities include seven private investment vehicles and several hedge funds.\nThe consolidation of these VIEs did not have a material effect on either our consolidated statements of financial position as of December 31, 2008 or 2007, or results of operations for the years ended December 31, 2008, 2007 and 2006.\nFor these entities, the creditors have no recourse to our assets."}
{"_id": "d8e0b4e82", "title": "", "text": "| December 31, 2012 – in millions DomesticCertificatesofDeposit | Three months or less | Over three through six months | Over six through twelve months | Over twelve months | Total |"}
{"_id": "d88f1e6e0", "title": "", "text": "As of December 31, 2005, there was $21.2 million of unrecognized compensation cost relating to non-vested performance stock units and restricted stock units.\nThat cost is expected to be recognized over a weighted-average period of 1.9 years.\nThe total intrinsic value of share-based liabilities paid combined with the fair value of shares vested during 2005, 2004 and 2003 was $12.4 million, $3.9 million and $6.9 million, respectively.\nDeferred performance stock units, deferred restricted stock units, deferred directors’ fees and accumulated dividend amounts totaled 692,023 units as of December 31, 2005.\nNo stock appreciation rights were outstanding as of December 31, 2005."}
{"_id": "d893d3820", "title": "", "text": "| Year Ended December 31, | 2012 | Declared | Common shares | 5.417% Series 1 Cumulative Convertible Preferred shares | Property, City, State, Zip Code | Pennsylvania | AndorraPhiladelphia, PA 19128 | Bala CynwydBala Cynwyd, PA 19004 | FlourtownFlourtown, PA 19031 | LancasterLancaster, PA 17601-8 | Langhorne SquareLevittown, PA 19056 | Lawrence ParkBroomall, PA 19008 | NortheastPhiladelphia, PA 19114 | Town Center of New BritainNew Britain, PA 18901 | Willow GroveWillow Grove, PA 19090 | WynnewoodWynnewood, PA 19096 | Virginia | 29thPlace Charlottesville, VA 22091-10 | Barcroft PlazaFalls Church, VA 22041-9(10) | Barracks RoadCharlottesville, VA 22905 | Falls Plaza/Falls Plaza—EastFalls Church, VA 22046 | Graham Park PlazaFairfax, VA 22042 | Idylwood PlazaFalls Church, VA 22030 | Leesburg PlazaLeesburg, VA 20176 | Mount Vernon/South Valley/7770 Richmond HwyAlexandria, VA 22306-4(7) | Old Keene MillSpringfield, VA 22152 |"}
{"_id": "d86d24206", "title": "", "text": "| Year Ended December 31, | 2017 | (In millions) | Energy revenue | Capacity revenue | Retail revenue | Mark-to-market for economic hedging activities | Contract amortization | Other revenues | Corporate/Eliminations | Total operating revenues(a) |"}
{"_id": "d883873fe", "title": "", "text": "| (Dollars in thousands) Fair Value Unfunded Commitments | Non-marketable securities (fair value accounting): | Venture capital and private equity fund investments -1 | Non-marketable securities (equity method accounting): | Other investments -2 | Non-marketable securities (cost method accounting): | Venture capital and private equity fund investments -3 | Total | Volatility Factor | (Dollars in millions) | Risk free interest rate: | Less 50 basis points | Current weighted average rate -0.4% | Plus 50 basis points |"}
{"_id": "d88755b0c", "title": "", "text": "| Year Ended December 31, | 2011 | (millions, except per share) | Total Revenues | Total Operating Expenses | Operating Income (Loss) | Total Other (Income) Expense | Income (Loss) Before Income Taxes | Net Income (Loss) | Earnings (Loss) Per Share | Basic | Diluted |"}
{"_id": "d8665d4e0", "title": "", "text": "| Year ended December 31, | 2017 | (in millions, except as noted) | Net sales | Cost of sales | Gross margin | Gross margin percentage | Sales volume by product tons (000s) | Sales volume by nutrient tons (000s)(1) | Average selling price per product ton | Average selling price per nutrient ton-1 | Gross margin per product ton | Gross margin per nutrient ton-1 | Depreciation and amortization | Unrealized net mark-to-market loss (gain) on natural gas derivatives |"}
{"_id": "d80ed4ec6", "title": "", "text": "| Years Ended December 31,(in millions) 2012 2011 2010 | Summary: | Net cash provided by (used in) operating activities | Net cash provided by (used in) investing activities | Net cash used in financing activities | Effect of exchange rate changes on cash | Decrease in cash | Cash at beginning of year | Change in cash of businesses held for sale | Cash at end of year |"}
{"_id": "d8c3d362e", "title": "", "text": "Segment Performance Summary Domestic The following table presents selected financial data for our Domestic segment for each of the past three fiscal years ($ in millions):\n(1) Included within our Domestic segment’s operating income for fiscal 2010 is $25 million of restructuring charges recorded in the fiscal first quarter related to measures we took to update our U. S.  Best Buy store operating model.\nThese charges resulted in a decrease in our Domestic segment’s operating income of less than 0.1% of revenue for the fiscal year.\n(2) Included within our Domestic segment’s operating income for fiscal 2009 is $72 million of restructuring charges recorded in the fiscal fourth quarter related to measures we took to restructure our businesses.\nIn addition, operating income is inclusive of goodwill and tradename impairment charges of $66 million related to our Speakeasy business.\nCollectively, these charges resulted in a decrease in our Domestic segment’s operating income of 0.4% of revenue for the fiscal year.\nFiscal 2010 Results Compared With Fiscal 2009 The increase in our Domestic segment’s operating income for fiscal 2010 was due to higher gross profit dollars from net new store openings and comparable store sales growth, while SG&A dollars grew only 3.1% despite revenue growth of 6.4%, as shown by the decrease in the SG&A rate of 0.6% of revenue.\nA decrease in restructuring and no goodwill and tradename impairment charges further contributed to the additional operating income.\nThe 6.4% revenue increase in fiscal 2010 resulted primarily from the net addition of 85 new stores during fiscal 2010 and a comparable store sales gain of 1.7%.\nThe components of the net revenue increase in the Domestic segment in fiscal 2010 were as follows:"}
{"_id": "d8ddf9a12", "title": "", "text": "| Payments Due by Period | Total | (in thousands) | Debt | Interest -1 | Operating leases -2 | Purchase obligations -3 | Future policy benefits payable and other long-term liabilities -4 | Total |"}
{"_id": "d8a5e5a9a", "title": "", "text": "Mortgage fees and related income This revenue category primarily reflects CCBs Mortgage Production and Mortgage Servicing revenue, including: fees and income derived from mortgages originated with the intent to sell; mortgage sales and servicing including losses related to the repurchase of previously-sold loans; the impact of risk management activities associated with the mortgage pipeline, warehouse loans and MSRs; and revenue related to any residual interests held from mortgage securitizations.\nThis revenue category also includes gains and losses on sales and lower of cost or fair value adjustments for mortgage loans held-for-sale, as well as changes in fair value for mortgage loans originated with the intent to sell and measured at fair value under the fair value option.\nChanges in the fair value of CCB mortgage servicing rights are reported in mortgage fees and related income.\nNet interest income from mortgage loans, and securities gains and losses on AFS securities used in mortgage-related risk management activities, are recorded in interest income and securities gains/(losses), respectively.\nFor a further discussion of MSRs, see Note 17 on pages 291295 of this Annual Report."}
{"_id": "d82080594", "title": "", "text": "| Payments Due During the Year Ending December 31, Debt Leases Purchase Obligations Total | (In millions) | 2015 | 2016 | 2017 | 2018 | 2019 | Thereafter | 9,356 |"}
{"_id": "d8c161a6c", "title": "", "text": "| (in millions, except per share data) 2017 2016 2015 | Net income attributable to BlackRock, Inc., GAAP basis | Non-GAAP adjustments: | Restructuring charge (including $23 tax benefit) | PNC LTIP funding obligation, net of tax | The 2017 Tax Act: | Deferred tax revaluation (noncash) | Deemed repatriation tax | Other income tax matters | Net income attributable to BlackRock, Inc., as adjusted | Diluted weighted-average common shares outstanding-3 | Diluted earnings per common share, GAAP basis-3 | Diluted earnings per common share, as adjusted-3 |"}
{"_id": "d8d03910c", "title": "", "text": "| Year ended September 30, | 2012 | Averagebalance-1 | ($ in thousands) | Interest-earning assets: | Margin balances | Assets segregated pursuant to regulations and other segregated assets | Bank loans, net of unearned income-2 | Available for sale securities | Trading instruments-3 | Stock loan | Other-3 | Total | Interest-bearing liabilities: | Brokerage client liabilities | Bank deposits-2 | Trading instruments sold but not yet purchased-3 | Stock borrow | Borrowed funds | Senior notes | Loans payable of consolidated variable interest entities-3 | Other-3 | Total | Net interest income |"}
{"_id": "d86783d1a", "title": "", "text": "| Aggregate cost Fair value Level 2 Level 3 | December 31, 2008 | December 31, 2007 |"}
{"_id": "d881d191a", "title": "", "text": "| Year Ended December 31, | 2012 | (in thousands, except percentages and per share data) | Total revenue | Operating income | Operating profit margin | Net income | Earnings per share – diluted: | Diluted earnings per share | Weighted average shares – diluted |"}
{"_id": "d898ef0a2", "title": "", "text": "| Consolidated Balance Sheet Data At July 31, | (In millions) | Cash, cash equivalents and investments | Long-term investments | Working capital (deficit) | Total assets | Short-term debt | Long-term debt | Other long-term obligations | Total stockholders’ equity |"}
{"_id": "d8afbdd10", "title": "", "text": "Managements Discussion and Analysis of Financial Condition and Results of Operations  (continued) (Amounts in Millions, Except Per Share Amounts) Operating income increased during 2017 when compared to 2016, comprised of a decrease in revenue of $42.1, as discussed above, a decrease in salaries and related expenses of $28.0 and a decrease in office and general expenses of $16.9.\nThe decrease in salaries and related expenses was primarily due to lower discretionary bonuses and incentive expense as well as a decrease in base salaries, benefits and tax.\nThe decrease in office and general expenses was primarily due to decreases in adjustments to contingent acquisition obligations, as compared to the prior year.\nOperating income increased during 2016 when compared to 2015 due to an increase in revenue of $58.8, as discussed above, and a decrease in office and general expenses of $3.7, partially offset by an increase in salaries and related expenses of $38.8.\nThe increase in salaries and related expenses was attributable to an increase in base salaries, benefits and tax primarily due to increases in our workforce to support business growth over the last twelve months.\nThe decrease in office and general expenses was primarily due to lower production expenses related to pass-through costs, which are also reflected in revenue, for certain projects in which we acted as principal that decreased in size or did not recur during the current year."}
{"_id": "d8dfd4ecc", "title": "", "text": "Composition of revenue"}
{"_id": "d8f46fa30", "title": "", "text": "Gain on Previously Held Equity Interest On 30 December 2014, we acquired our partner’s equity ownership interest in a liquefied atmospheric industrial gases production joint venture in North America for $22.6, which increased our ownership from 50% to 100%.\nThe transaction was accounted for as a business combination, and subsequent to the acquisition, the results were consolidated within our Industrial Gases – Americas segment.\nWe recorded a gain of $17.9 ($11.2 after-tax, or $.05 per share) as a result of revaluing our previously held equity interest to fair value as of the acquisition date.\nRefer to Note 6, Business Combination, to the consolidated financial statements for additional details.\nOther Income (Expense), Net Items recorded to other income (expense), net arise from transactions and events not directly related to our principal income earning activities.\nThe detail of other income (expense), net is presented in Note 23, Supplemental Information, to the consolidated financial statements.2017 vs.  2016 Other income (expense), net of $121.0 increased $71.6, primarily due to income from transition services agreements with Versum and Evonik, income from the sale of assets and investments, including a gain of $12.2 ($7.6 after-tax, or $.03 per share) resulting from the sale of a parcel of land, and a favorable foreign exchange impact.2016 vs.  2015 Other income (expense), net of $49.4 increased $3.9, primarily due to lower foreign exchange losses, favorable contract settlements, and receipt of a government subsidy.\nFiscal year 2015 included a gain of $33.6 ($28.3 after tax, or $.13 per share) resulting from the sale of two parcels of land.\nNo other individual items were significant in comparison to fiscal year 2015.\nInterest Expense"}
{"_id": "d867e9b1a", "title": "", "text": "Financing Activities 2011Cash provided by financing activities in 2011 was $584 million.\nOur cash flow from financing activities resulted primarily from the issuance of $1,775 million of debt, of which $22 million was repaid in 2011, and a $1,266 million net transfer from our former parent, offset by $54 million of debt issuance costs, repayment of $954 million of notes to our former parent, and a contribution of $1,429 million to Northrop Grumman as a result of the spin-off.2010In anticipation of the spin-off, on November 30, 2010, NGSB purchased $178 million of the outstanding principal amount of GO Zone IRBs pursuant to a tender offer.\nNGSB used the proceeds of an intercompany loan for $178 million with Northrop Grumman to purchase the GO Zone IRBs and submitted the purchased bonds to the trustee for cancellation.\nSee Note 13: Debt in Item 8.\nFor the year ended December 31, 2010 and prior, transactions between Northrop Grumman and us were reflected as effectively settled for cash at the time of the transaction and are included in financing activities in our consolidated statements of cash flows.\nThe net effect of these transactions is reflected in Former Parents Equity in Unit in our consolidated statements of financial position."}
{"_id": "d8bac1bc6", "title": "", "text": "| Stock Units Weighted  Average Grant  Date Fair Value | Balance at October 1 | Granted | Distributed | Forfeited or canceled | Balance at September 30 | Expected to vest at September 30 |"}
{"_id": "d8ef60a4e", "title": "", "text": "awards, total compensation expense is recognized in full on all awarded units on the date of grant.\nINCENTIVE/PERFORMANCE UNIT SHARE AWARDS AND RESTRICTED STOCK/UNIT AWARDS The fair value of nonvested incentive/performance unit share awards and restricted stock/unit awards is initially determined based on prices not less than the market value of our common stock price on the date of grant.\nIncentive/performance unit share awards are subsequently valued subject to the achievement of one or more financial and other performance goals over a three-year period.\nThe Personnel and Compensation Committee of the Board of Directors approves the final award payout with respect to incentive/performance unit share awards.\nRestricted stock/unit awards have various vesting periods ranging from 12 months to 60 months.\nThere are no financial or performance goals associated with any of our restricted stock/unit awards.\nThe weighted-average grant-date fair value of incentive/ performance unit share awards and restricted stock/unit awards granted in 2009, 2008 and 2007 was $41.16, $59.25 and $73.83 per share, respectively.\nWe recognize compensation expense for such awards ratably over the corresponding vesting and/or performance periods for each type of program.\nA summary of nonvested incentive/performance unit shares and restricted stock/unit share activity follows:"}
{"_id": "d8c95a624", "title": "", "text": "| December 31, | In millions of dollars | Receivables from customers | Receivables from brokers, dealers and clearing organizations | Total brokerage receivables-1 | Payables to customers | Payables to brokers, dealers and clearing organizations | Total brokerage payables-1 |"}
{"_id": "d8d86d8fa", "title": "", "text": "| Fiscal Year | In Millions | Net gain (loss) onmark-to-marketvaluation of commodity positions | Net loss on commodity positions reclassified from unallocated corporate items to segmentoperating profit | Netmark-to-marketrevaluation of certain grain inventories | Netmark-to-marketvaluation of certain commodity positions recognized in unallocated corporate items |"}
{"_id": "d8b083a06", "title": "", "text": "| One Percentage Point | (in millions) | Non-U.S. plans | U.S. plans |"}
{"_id": "d8f13f568", "title": "", "text": "| Year ended Unrealized gains (losses) on AFS securities(a) Cash flow hedges Accumulated other comprehensive income (loss) | December 31, | Balance December 31, 2000 | Net change | Balance December 31, 2001 | Net change | Balance December 31, 2002 | Net change | Balance December 31, 2003 |"}
{"_id": "d83562e76", "title": "", "text": "| 12/07 12/08 12/09 12/10 12/11 12/12 | Fidelity National Information Services, Inc. | S&P 500 | S&P Supercap Data Processing & Outsourced Services |"}
{"_id": "d8dae1776", "title": "", "text": "Deferred tax assets and liabilities are recorded in the accompanying consolidated balance sheet under the captions Deferred income tax assets, Deferred charges and other assets, Other accrued liabilities and Deferred income taxes.\nThe increase in 2006 in Deferred income taxes principally reflects installment sales treatment of certain forestland sales during the year.\nOther contributing factors include the utilization of U. S.  net operating loss carryforwards, the generation of income tax credits and a decrease in deferred tax assets relating to pension costs.\nThe valuation allowance for deferred tax assets as of January 1, 2006, was $118 million.\nThe net change in the total valuation allowance for the year ended December 31, 2006, was a decrease of $7 million.\nThe Company recorded an income tax provision for 2006 of $1.9 billion, consisting of a $1.6 billion deferred tax provision (principally reflecting deferred taxes on the 2006 Transformation Plan forestland sales) and a $300 million current tax provision.\nThe provision also included an $11 million provision related to a special tax adjustment.\nExcluding the impact of special items, the tax provision was $272 million, or 29% of pre-tax earnings before minority interest.\nThe Company recorded an income tax benefit for 2005 of $407 million, including a $454 million net tax benefit related to special tax adjustment items, consisting of a tax benefit of $627 million resulting from an agreement reached with the U. S.  Internal Revenue Service concerning the 1997 through 2000 U. S.  federal income tax audit, a $142 million charge for deferred taxes related to earnings repatriations under the American Jobs Creation Act of 2004, and $31 million of other tax charges.\nExcluding the impact of special items, the tax provision was $83 million, or 20% of pre-tax earnings before minority interest.\nThe income tax provision for 2004 was $114 million, or 30% of pre-tax earnings from continuing operations before minority interest, including a $32 million provision related to special items.\nExcluding the impact of this special tax adjustment item, the tax provision was $98 million, or 19% of pre-tax earnings before minority interest.\nInternational Paper has federal and non-U.\nS.  net operating loss carryforwards that expire as follows: 2007 through 2016  $161 million, 2017 through 2026  $1.8 billion, and indefinite carryforwards of $890 million.\nInternational Paper has tax benefits from net operating loss carryforwards for state taxing jurisdictions of approximately $338 million that expire as follows: 2007 through 2016  $96 million and 2017 through 2026  $243 million.\nInternational Paper also has federal, non-U.\nS.  and state tax credit carryforwards that expire as follows: 2007 through 2016$80 million, 2017 through 2026  $90 million, and indefinite carryforwards  $304 million.\nFurther, International Paper has state capital loss carryforwards that expire as follows: 2007 through 2016  $10 million.\nDeferred income taxes are not provided for temporary differences of approximately $2.7 billion, $2.4 billion and $2.7 billion as of December 31, 2006, 2005 and 2004, respectively, representing earnings of non-U.\nS.  subsidiaries intended to be permanently reinvested.\nComputation of the potential deferred tax liability associated with these undistributed earnings and other basis differences is not practicable.\nInternational Paper is currently being audited by various federal, state and non-U.\nS.  taxing authorities for tax periods from 1996 through 2005.\nWhile the Company believes that it is adequately accrued for possible audit adjustments, the final resolution of these examinations cannot be determined at this time and could result in final settlements that differ from current estimates.\nNOTE 10 COMMITMENTS AND CONTINGENT LIABILITIES Certain property, machinery and equipment are leased under cancelable and non-cancelable agreements.\nINTERIM FINANCIAL RESULTS (UNAUDITED)"}
{"_id": "d89e7745c", "title": "", "text": "LLC), that will focus on the deployment of a nationwide 4G wireless network.\nWe, together with the other members of the investor group, have invested $3.2 billion in Clearwire LLC.\nOur portion of the investment was $1.05 billion.\nAs a result of our investment, we received ownership units (ownership units) of Clearwire LLC and Class B stock (voting stock) of Clearwire Corporation, the publicly traded holding company that controls Clearwire LLC.\nThe voting stock has voting rights equal to those of the publicly traded Class A stock of Clearwire Corporation, but has only minimal economic rights.\nWe hold our economic rights through the ownership units, which have limited voting rights.\nOne ownership unit combined with one share of voting stock are exchangeable into one share of Clearwire Corporations publicly traded Class A stock.\nAt closing, we received 52.5 million ownership units and 52.5 million shares of voting stock, which represents an approximate 7% ownership interest on a fully diluted basis.\nDuring the first quarter of 2009, the purchase price per share is expected to be adjusted based on the trading prices of Clearwire Corporations publicly traded Class A stock.\nAfter the post-closing adjustment, we anticipate that we will have an approximate 8% ownership interest on a fully diluted basis.\nIn connection with the Clearwire transaction, we entered into an agreement with Sprint that allows us to offer wireless services utilizing certain of Sprints existing wireless networks and an agreement with Clearwire LLC that allows us to offer wireless services utilizing Clearwires next generation wireless broadband network.\nWe allocated a portion of our $1.05 billion investment to the related agreements.\nWe will account for our investment under the equity method and record our share of net income or loss one quarter in arrears.\nClearwire LLC is expected to incur losses in the early years of operation, which under the equity method of accounting, will be reflected in our future operating results and reduce the cost basis of our investment.\nWe evaluated our investment at December 31, 2008 to determine if an other than temporary decline in fair value below our cost basis had occurred.\nThe primary input in estimating the fair value of our investment was the quoted market value of Clearwire publicly traded Class A shares at December 31, 2008, which declined significantly from the date of our initial agreement in May 2008.\nAs a result of the severe decline in the quoted market value, we recognized an impairment in other income (expense) of $600 million to adjust our cost basis in our investment to its estimated fair value.\nIn the future, our evaluation of other than temporary declines in fair value of our investment will include a comparison of actual operating results and updated forecasts to the projected discounted cash flows that were used in making our initial investment decision, other impairment indicators, such as changes in competition or technology, as well as a comparison to the value that would be obtained by exchanging our investment into Clearwire Corporations publicly traded Class A shares Cost Method AirTouch Communications, Inc.  We hold two series of preferred stock of AirTouch Communications, Inc.  (AirTouch), a subsidiary of Vodafone, which are redeemable in April 2020.\nAs of December 31, 2008 and 2007, the AirTouch preferred stock was recorded at $1.479 billion and $1.465 billion, respectively.\nAs of December 31, 2008, the estimated fair value of the AirTouch preferred stock was $1.357 billion, which is below our carrying amount.\nThe recent decline in fair value is attributable to changes in interest rates.\nWe have determined this decline to be temporary.\nThe factors considered were the length of time and the extent to which the market value has been less than cost, the credit rating of AirTouch, and our intent and ability to retain the investment for a period of time sufficient to allow for recovery.\nSpecifically, we expect to hold the two series of AirTouch preferred stock until their redemption in 2020.\nThe dividend and redemption activity of the AirTouch preferred stock determines the dividend and redemption payments associated with substantially all of the preferred shares issued by one of our consolidated subsidiaries, which is a VIE.\nThe subsidiary has three series of preferred stock outstanding with an aggregate redemption value of $1.750 billion.\nSubstantially all of the preferred shares are redeemable in April 2020 at a redemption value of $1.650 billion.\nAs of December 31, 2008 and 2007, the two redeemable series of subsidiary preferred shares were recorded at $1.468 billion and $1.465 billion, respectively, and those amounts are included in other noncurrent liabilities.\nThe one nonredeemable series of subsidiary preferred shares was recorded at $100 million as of both December 31, 2008 and 2007 and those amounts are included in minority interest on our consolidated balance sheet."}
{"_id": "d8a9f866e", "title": "", "text": "Acquisition of Nothing Real, LLC During the second quarter of 2002, the Company acquired certain assets of Nothing Real, LLC (Nothing Real), a privately-held company that develops and markets high performance tools designed for the digital image creation market.\nOf the $15 million purchase price, the Company has allocated $7 million to acquired technology, which will be amortized over its estimated life of 5 years.\nThe remaining $8 million, which has been identified as contingent consideration, rather than recorded as an additional component of"}
{"_id": "d8df14dde", "title": "", "text": "| VIE Assets(a) VIE Liabilities | (in billions) | AIA/ALICO SPVs | Real estate and investment funds(c) | Securitization Vehicles | Structured investment vehicles | Affordable housing partnerships | Other | Total |"}
{"_id": "d87e4c9e8", "title": "", "text": "| Years Ended December 31, | 2013 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d89e1e910", "title": "", "text": "Quarterly Results of Operations The following table sets forth our unaudited consolidated statement of operations data for each of the eight quarters in the period ended December 31, 2015.\nThe unaudited quarterly statement of operations data set forth below have been prepared on a basis consistent with our audited annual consolidated financial statements in this Annual Report on Form 10-K and include, in our opinion, all normal recurring adjustments necessary for a fair statement of the financial information contained in those statements.\nOur historical results are not necessarily indicative of the results that may be expected in the future.\nThe following quarterly financial data should be read in conjunction with our audited consolidated financial statements and the related notes included elsewhere in this Annual Report on Form 10-K."}
{"_id": "d8d6f44ec", "title": "", "text": "Outlook Budget Our Board of Directors approved a Budget of $3.5 billion for 2015, including capital expenditures of $3.4 billion.\nWith the continued uncertainty in commodity pricing, we have taken decisive action to protect our optionality and position us to be a stronger E&P company in the long term.\nOur exploration spending has been reduced by more than 50 percent while we continue to focus on our three U. S.  resource plays.\nWe are also prepared to exercise further flexibility in our spend levels as pricing and the macro environment warrant.\nOur Budget is broken down by reportable segment in the table below."}
{"_id": "d87e6bec4", "title": "", "text": "| Tier 1 common under Basel I rules $148,887 | Adjustments related to AOCI for AFS securities and defined benefit pension and OPEB plans | Add back of Basel I deductions(a) | Deduction for deferred tax asset related to net operating loss and foreign tax credit carryforwards | All other adjustments | Estimated Tier 1 common under Basel III rules | Estimated risk-weighted assets under Basel III Advanced Approach(b) | Estimated Tier 1 common ratio under Basel III Advanced Approach(c) |"}
{"_id": "d8e2758f2", "title": "", "text": "| Year Ended December 31, 2015 2014 2013 | (Increase) decrease in trade accounts receivable | (Increase) decrease in inventories | (Increase) decrease in prepaid expenses and other assets | Increase (decrease) in accounts payable and accrued expenses | Increase (decrease) in accrued taxes | Increase (decrease) in other liabilities | Net change in operating assets and liabilities |"}
{"_id": "d8d37256c", "title": "", "text": "| 2006 2007 2008 2009 2010 Thereafter Total | $492 |"}
{"_id": "d8f193c44", "title": "", "text": "| September 18,   2008 September 30,   2008 December 31,   2008 | DISCA | DISCB | DISCK | S&P 500 | Peer Group |"}
{"_id": "d8291aa56", "title": "", "text": "| % of Total | $ Change (In millions) | Institutional | Individual | International | Corporate & Other | Auto & Home | Reinsurance | Total change, net of income tax |"}
{"_id": "d8e487a3c", "title": "", "text": "| As of December 31, | 2013 | (In thousands) | DBS Licenses | MVDDS | 700 MHz Licenses | AWS Licenses | Total |"}
{"_id": "d8ec20654", "title": "", "text": "| Fiscal Year | In Millions | Net earnings, including earnings attributable to redeemable and noncontrollinginterests | Depreciation and amortization | After-taxearnings from joint ventures | Distributions of earnings from joint ventures | Stock-based compensation | Deferred income taxes | Pension and other postretirement benefit plan contributions | Pension and other postretirement benefit plan costs | Divestitures loss (gain) | Restructuring, impairment, and other exit costs | Changes in current assets and liabilities, excluding the effects of acquisitions anddivestitures | Other, net | Net cash provided by operating activities |"}
{"_id": "d81f2e83a", "title": "", "text": "Note 26  Income taxes JPMorgan Chase and its eligible subsidiaries file a consolidated U. S.  federal income tax return.\nJPMorgan Chase uses the asset and liability method to provide income taxes on all transactions recorded in the Consolidated Financial Statements.\nThis method requires that income taxes reflect the expected future tax consequences of temporary differences between the carrying amounts of assets or liabilities for book and tax purposes.\nAccordingly, a deferred tax asset or liability for each temporary difference is determined based on the tax rates that the Firm expects to be in effect when the underlying items of income and expense are realized.\nJPMorgan Chases expense for income taxes includes the current and deferred portions of that expense.\nA valuation allowance is established to reduce deferred tax assets to the amount the Firm expects to realize.\nDue to the inherent complexities arising from the nature of the Firms businesses, and from conducting business and being taxed in a substantial number of jurisdictions, significant judgments and estimates are required to be made.\nAgreement of tax liabilities between JPMorgan Chase and the many tax jurisdictions in which the Firm files tax returns may not be finalized for several years.\nThus, the Firms final tax-related assets and liabilities may ultimately be different from those currently reported.\nThe components of income tax expense/(benefit) included in the Consolidated Statements of Income were as follows for each of the years ended December 31, 2012, 2011, and 2010.\nIncome tax expense/(benefit)"}
{"_id": "d8c29a622", "title": "", "text": "| $ in millions Before Consolidation Consolidated Investment Products Adjustments Total | For the year ended December 31, 2011 | Net income | Net purchases of trading investments | Other adjustments to reconcile net income to net cash provided by operating activities | Changes in cash held by consolidated investment products | Other changes in operating assets and liabilities | Net cash provided by operating activities | Net proceeds of investments by consolidated investment products | Purchases of available for sale and other investments | Proceeds from sales and returns of capital of available for sale and other investments | Other investing activities | Net cash (used in)/provided by investing activities | Net capital distributed by consolidated investment products | Other financing activities | Net cash provided by/(used in) financing activities | Decrease in cash and cash equivalents | Foreign exchange movement on cash and cash equivalents | Cash and cash equivalents, beginning of period | Cash and cash equivalents, end of period |"}
{"_id": "d8dded316", "title": "", "text": "| 2003 2002 2001 | Net sales | Cost of sales | Gross margin | Gross margin percentage |"}
{"_id": "d8cda6660", "title": "", "text": "| 2002 2001 2000 | Gains (losses) on non-current investments, net | Unrealized loss on convertible securities | Interest income | Interest expense | Miscellaneous other income and expense | Interest and other income, net | Total other income and expense |"}
{"_id": "d87851d9a", "title": "", "text": "General and Administrative Expenses In accordance with industry practice and the regulations that govern the cost accounting requirements for government contracts, most general and administrative expenses are considered allowable and allocable costs on government contracts.\nThese costs are allocated to contracts in progress on a systematic basis and contract performance factors include this cost component as an element of cost.2011—General and administrative expenses in 2011 decreased $39 million, or 6%, from 2010.\nThe decrease was due principally to a lower FAS/CAS Adjustment.\nSee FAS/CAS Adjustment below.2010—General and administrative expenses in 2010 increased to $663 million from $639 million in 2009 primarily as a result of higher cost allocations for Northrop Grumman management and support services.\nThe Northrop Grumman management and support services expense in 2010 increased to $115 million from $82 million in 2009.\nThe increase in management and support services allocations reflects higher employee compensation expenses in 2010 and the impact of the final allocation of prior year overheads.\nAs a percentage of total sales and service revenues, these costs decreased year over year due principally to the higher sales volume in 2010."}
{"_id": "d8c756c7e", "title": "", "text": "SVB FINANCIAL GROUP AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) to provide incentives for such persons to exert maximum efforts for our success and for the success of our affiliates.\nThe table below provides stock option information related to the 1989 Stock Option Plan and the 1997 Plan for the years ended December 31, 2005, 2004, and 2003:"}
{"_id": "d86356260", "title": "", "text": "1 There is no Tier 1 leverage ratio component in the definition of a well-capitalized bank holding company.\nZions is also subject to “capital conservation buffer” regulatory requirements.\nWhen fully phased-in on January 1, 2019, the Basel III Capital Rules will require the Company and its subsidiary bank to maintain a 2.5% capital conservation buffer, designed to absorb losses during periods of economic stress, composed entirely of Common Equity Tier 1 (“CET1”), on top of the minimum risk-weighted asset ratios, effectively resulting in minimum ratios of (i) CET1 to risk-weighted assets of at least 7%, (ii) Tier 1 capital to risk-weighted assets of at least 8.5%, and (iii) Total capital to risk-weighted assets of at least 10.5%.\nBanking institutions with a ratio of CET1 to risk-weighted assets above the minimum but below the capital conservation buffer will face constraints on dividends, equity repurchases, and compensation.\nThe implementation of the buffer will be phased-in beginning January 1, 2016 at the 0.625% level and increase by 0.625% on each subsequent January 1, until it reaches 2.5% on January 1, 2019.\nZions’ triggers and limits under actual conditions and baseline projections are more restrictive than the capital conservation buffer requirements.19."}
{"_id": "d89504b72", "title": "", "text": "| Three Months Ended | Dec. 31, 2014 | (Unaudited, in thousands) | Reconciliation of Net Loss to Adjusted EBITDA: | Net loss | Stock-based compensation expense | Depreciation and amortization expense | Interest and other expense (income) | Provision (benefit) for income taxes | Adjusted EBITDA |"}
{"_id": "d8e0d94d0", "title": "", "text": "| Payments Due by Year  In thousands of dollars | Contractual Obligations | Unconditional Purchase Obligations | Non-cancelable Operating Leases | Long-term Debt | Total Obligations |"}
{"_id": "d863ab7ce", "title": "", "text": "| Location Type Principal Use SquareFootage Ownership | Santa Clara, CA | Austin, TX | Rehovot, Israel | Alzenau, Germany | Kalispell, MT | Cheseaux, Switzerland | Treviso, Italy | Singapore | Gloucester, MA | Tainan, Taiwan | Xi’an, China | Hsinchu, Taiwan | Shanghai, China |"}
{"_id": "d8c1a899e", "title": "", "text": "| 2013 $9.8 | 2014 | 2015 | 2016 | 2017 | Thereafter | Total future maturities of the long-term debt |"}
{"_id": "d8865da88", "title": "", "text": "Investments Debt Securities Our short-term and long-term investments in debt securities are comprised of auction-rate securities and commercial paper.\nIn accordance with SFAS No.115, Accounting for Certain Investments in Debt and Equity Securities, and based on our ability to market and sell these instruments, we classify auction-rate securities and other investments in debt securities as available-for-sale and carry them at fair value.\nAuction-rate securities were intended to behave like short-term debt instruments because their interest rates reset periodically through an auction process, typically at intervals of 7, 28 and 35 days.\nInvestments in these securities can be sold for cash at par value on the auction date if the auction is successful.\nSubstantially all of our auction-rate securities are AAA/Aaa-rated and collateralized by student loans, which are guaranteed 95% to 100% by the U. S.  government.\nWe also hold auction-rate securities that are in the form of municipal revenue bonds, the vast majority of which are AAA/Aaa-rated and insured by bond insurers.\nWe do not have any investments in securities that are collateralized by assets that include mortgages or subprime debt.\nOur intent with these investments is not to hold these securities to maturity, but to use the periodic auction feature to provide liquidity as needed.\nSee Note 3, Investments, for further information.\nIn accordance with our investment policy, we place our investments in debt securities with issuers who have highquality credit and limit the amount of investment exposure to any one issuer.\nThe primary objective of our investment activities is to preserve principal and maintain a desired level of liquidity to meet working capital needs.\nWe seek to preserve principal and minimize exposure to interest-rate fluctuations by limiting default risk, market risk and reinvestment risk.\nMarketable Equity Securities We also invest in marketable equity securities and classify them as available-for-sale.\nInvestments in marketable equity securities are included in equity and other investments in our consolidated balance sheets, and are reported at fair value based on quoted market prices.\nAll unrealized holding gains and losses are reflected net of tax in accumulated other comprehensive income in shareholders equity."}
{"_id": "d885a087a", "title": "", "text": "| Liability Component (in millions) Equity Component (in millions) | Principal Balance | January 1, 2009 | Accretion of debt discount | Early extinguishment of debt | December 31, 2009 | Accretion of debt discount | December 31, 2010 |"}
{"_id": "d816dc65a", "title": "", "text": "PROVISIONS FOR LOSSES Charge card provision for losses decreased $41 million or 6 percent in 2016 compared to 2015, and $55 million or 7 percent in 2015 compared to 2014.\nThe decrease in 2016 was driven by lower net write-offs and improved delinquencies.\nThe decrease in 2015 reflects a reserve release versus a reserve build in 2014, partially offset by higher write-offs.\nCard Member loans provision for losses increased $45 million or 4 percent in 2016 compared to 2015, and $52 million or 5 percent in 2015 compared to 2014.\nThe increase in 2016 was primarily driven by strong momentum in our lending growth initiatives, resulting in higher loan balances, increased net write-offs in the current year and a slight increase in delinquencies, partially offset by the impact of the HFS portfolios, as the current year does not reflect the associated credit costs, as previously mentioned.\nThe increase in 2015 primarily reflects a reserve build versus a reserve release in 2014.\nOther provision for losses increased $34 million or 56 percent in 2016 compared to 2015, and decreased $53 million or 46 percent in 2015 compared to 2014.\nThe increase in 2016 was primarily driven by growth in the commercial financing portfolio resulting in higher net write-offs.\nThe decrease in 2015 was primarily due to a merchant-related charge in the fourth quarter of 2014."}
{"_id": "d8aaf8546", "title": "", "text": "| In millions 2006 2005 2004 | Industry segment operating profits | Corporate items, net | Corporate special items* | Interest expense, net | Minority interest | Income tax (provision) benefit | Discontinued operations | Net earnings (loss) |"}
{"_id": "d8df83bf8", "title": "", "text": "ADOBE INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 91 non-employee director is a restricted stock unit award having an aggregate value of $0.3 million based on the average stock price over the 30 calendar days ending on the day before the date of grant and vest 100% on the day preceding the next annual meeting.\nThe actual target grant value will be prorated based on the number of days remaining before the next annual meeting or the date of the first anniversary of our last annual meeting if the next annual meeting is not yet scheduled.\nAnnual equity grants to non-employee directors in the form of restricted stock units shall have an aggregate value of $0.3 million as based on the average stock price over the 30 calendar days ending on the day before the date of grant and vest 100% on the day preceding the next annual meeting."}
{"_id": "d85d529cc", "title": "", "text": "| December 31, 2007 December 31, 2006 | Carrying Value | (In thousands) | Mortgages and notes payable | Senior notes | 2014 | Shares outstanding at beginning of period | Treasury stock purchases-1 | Other-2 | Shares outstanding at end of period |"}
{"_id": "d88e57f5e", "title": "", "text": "pre-construction costs, interim dam safety measures and environmental costs and construction costs.\nThe authorized costs were being recovered via a surcharge over a twenty-year period which began in October 2012.\nThe unrecovered balance of project costs incurred, including cost of capital, net of surcharges totaled $85 million and $89 million as of December 31, 2018 and 2017, respectively.\nSurcharges collected were $8 million and $7 million for the years ended December 31, 2018 and 2017, respectively.\nPursuant to the general rate case approved in December 2018, approval was granted to reset the twenty-year amortization period to begin January 1, 2018 and to establish an annual revenue requirement of $8 million to be recovered through base rates.\nDebt expense is amortized over the lives of the respective issues.\nCall premiums on the redemption of long-term debt, as well as unamortized debt expense, are deferred and amortized to the extent they will be recovered through future service rates.\nPurchase premium recoverable through rates is primarily the recovery of the acquisition premiums related to an asset acquisition by the Company’s utility subsidiary in California during 2002, and acquisitions in 2007 by the Company’s utility subsidiary in New Jersey.\nAs authorized for recovery by the California and New Jersey PUCs, these costs are being amortized to depreciation and amortization on the Consolidated Statements of Operations through November 2048.\nTank painting costs are generally deferred and amortized to operations and maintenance expense on the Consolidated Statements of Operations on a straight-line basis over periods ranging from five to fifteen years, as authorized by the regulatory authorities in their determination of rates charged for service.\nAs a result of the prepayment by American Water Capital Corp. , the Company’s wholly owned finance subsidiary (“AWCC”), of the 5.62% Series C Senior Notes due upon maturity on December 21, 2018 (the “Series C Notes”), 5.62% Series E Senior Notes due March 29, 2019 (the “Series E Notes”) and 5.77% Series F Senior Notes due December 21, 2022 (the “Series F Notes,” and together with the Series E Notes, the “Series Notes”), a make-whole premium of $10 million was paid to the holders of the Series Notes on September 11, 2018.\nSubstantially all of these early debt extinguishment costs were allocable to the Company’s utility subsidiaries and recorded as regulatory assets, as the Company believes they are probable of recovery in future rates.\nOther regulatory assets include certain construction costs for treatment facilities, property tax stabilization, employee-related costs, deferred other postretirement benefit expense, business services project expenses, coastal water project costs, rate case expenditures and environmental remediation costs among others.\nThese costs are deferred because the amounts are being recovered in rates or are probable of recovery through rates in future periods.\nRegulatory Liabilities Regulatory liabilities generally represent amounts that are probable of being credited or refunded to customers through the rate-making process.\nAlso, if costs expected to be incurred in the future are currently being recovered through rates, the Company records those expected future costs as regulatory liabilities.\nThe following table provides the composition of regulatory liabilities as of December 31:"}
{"_id": "d8852cb1e", "title": "", "text": "| Company / Index 2012 2013 2014 2015 2016 2017 | Teleflex Incorporated | S&P 500 Index | S&P 500 Healthcare Equipment & Supply Index |"}
{"_id": "d8d930ae4", "title": "", "text": "| Other Benefits | ($ in millions) | 2012 | 2013 | 2014 | 2015 | 2016 | Years 2017 to 2021 |"}
{"_id": "d885f42b8", "title": "", "text": "MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES The Company’s common stock is quoted on the NASDAQ Global Select Market (“NASDAQ”) under the symbol “JKHY”.\nThe Company established a practice of paying quarterly dividends at the end of fiscal 1990 and has paid dividends with respect to every quarter since that time.\nThe declaration and payment of any future dividends will continue to be at the discretion of our Board of Directors and will depend upon, among other factors, our earnings, capital requirements, contractual restrictions, and operating and financial condition.\nThe Company does not currently foresee any changes in its dividend practices.\nOn August 15, 2019, there were approximately 145,300 holders of the Company’s common stock, including individual participants in security position listings.\nOn that same date the last sale price of the common shares as reported on NASDAQ was $141.94 per share.\nIssuer Purchases of Equity Securities The following shares of the Company were repurchased during the quarter ended June 30, 2019:"}
{"_id": "d86daba1c", "title": "", "text": "Distribution expenses decreased $46 million, or 11%, to $371 million for the year ended December 31, 2009, primarily due to lower average assets.\nGeneral and administrative expense increased $76 million, or 9%, to $901 million for the year ended December 31, 2009, primarily due to integration costs and ongoing expenses from our acquisition of Seligman in the fourth quarter of 2008 and increases in hedge fund performance compensation, our performance compensation pool and legal expenses, partially offset by expense controls and a positive impact of foreign currency translation.\nThe positive impact of foreign currency translation on general and administrative expense partially offset the negative impact of foreign currency translation on management and financial advice fees.\nAnnuities Our Annuities segment provides variable and fixed annuity products of RiverSource Life companies to retail clients primarily distributed through our affiliated financial advisors and to the retail clients of unaffiliated advisors through third-party distribution.\nRevenues for our variable annuity products are primarily earned as fees based on underlying account balances, which are impacted by both market movements and net asset flows.\nRevenues for our fixed annuity products are primarily earned as net investment income on assets supporting fixed account balances, with profitability significantly impacted by the spread between net investment income earned and interest credited on the fixed account balances.\nWe also earn net investment income on owned assets supporting reserves for immediate annuities and for certain guaranteed benefits offered with variable annuities and on capital supporting the business.\nIntersegment revenues for this segment reflect fees paid by the Asset Management segment for marketing support and other services provided in connection with the availability of RiverSource VST Funds under the variable annuity contracts.\nIntersegment expenses for this segment include distribution expenses for services provided by the Advice & Wealth Management segment, as well as expenses for investment management services provided by the Asset Management segment.\nIn 2009, RiverSource variable annuities had net inflows of $1.8 billion, and variable annuity contract accumulation values increased $11.8 billion.\nThese changes in variable annuities affected both RiverSource managed owned assets and owned assets.\nOur fixed annuities had total net inflows of $1.9 billion in 2009 compared to net outflows of $0.7 billion in the prior year, which impacted our RiverSource managed owned assets."}
{"_id": "d8927fac8", "title": "", "text": "| Derivative assets -1 Derivative liabilities -2 | December 31, 2010 | (in millions) | Derivatives designated as hedging instruments | Interest rate contracts | Foreign exchange contracts | Total derivatives designated as hedging instruments | Derivatives not designated as hedging instruments | Interest rate contracts | Foreign exchange contracts | Equity contracts | Credit contracts | Other contracts | Total derivatives not designated as hedging instruments | Total derivative instruments |"}
{"_id": "d8736bc22", "title": "", "text": "| (Millions of barrels) United States Europe Africa (a) Continuing Operations Discontinued Operations | Liquid Hydrocarbons | Proved developed and undeveloped reserves: | Beginning of year – 2005 | Purchase of reserves in place(b) | Re-entry to Libya concessions | Revisions of previous estimates | Improved recovery | Extensions, discoveries and other additions | Production | Sales of reserves in place(b) | End of year – 2005 | Purchase of reserves in place(b) | Revisions of previous estimates | Improved recovery | Extensions, discoveries and other additions | Production | Sales of reserves in place(b) | End of year – 2006 | Purchase of reserves in place(b) | Revisions of previous estimates | Improved recovery | Extensions, discoveries and other additions | Production | End of year – 2007 | Proved developed reserves: | Beginning of year – 2005 | End of year – 2005 | End of year – 2006 | End of year – 2007 |"}
{"_id": "d8863d148", "title": "", "text": "| 30 September 2019 1 October 2018 | Assets | Contract assets – current | Contract fulfillment costs – current | Liabilities | Contract liabilities – current | Contract liabilities – noncurrent |"}
{"_id": "d8c540138", "title": "", "text": "| Cash and cash equivalents $75 | Receivables, net | Inventories, net | Other current assets | Property, plant and equipment | Goodwill | Intangible assets: | Customer programs | Trademarks | Other noncurrent assets | Deferred income taxes, noncurrent | Total identifiable assets and goodwill | Accounts payable | Customer advances and amounts in excess of costs incurred | Salaries, benefits, and payroll taxes | Other current liabilities | Customer contractual obligations(a) | Other noncurrent liabilities | Total liabilities assumed | Total consideration |"}
{"_id": "d872e4290", "title": "", "text": "| Payments due by Period (in thousands) | Contractual Obligations | Long-term debt-1 | Line of credit-2 | Share of unconsolidated joint ventures' debt-3 | Ground leases | Development and construction backlog costs-4 | Other | Total Contractual Obligations |"}
{"_id": "d83669fea", "title": "", "text": "Table of Contents related to Mac OS X Version 10.6 Snow Leopard and excluded from R&D expense, while R&D expense for 2007 excluded $75 million of capitalized software development costs related to Mac OS X Leopard and iPhone.\nAlthough total R&D expense increased 42% during 2008, it remained relatively flat as a percentage of net sales given the 35% increase in revenue during 2008.\nThe Company continues to believe that focused investments in R&D are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the Companys core business strategy.\nAs such, the Company expects to increase spending in R&D to remain competitive.\nExpenditures for R&D increased 10% or $70 million to $782 million in 2007 compared to 2006.\nThe increases in R&D expense were due primarily to an increase in R&D headcount in 2007 to support expanded R&D activities, partially offset by one less week of expenses in the first quarter of 2007 and the capitalized software development costs mentioned above."}
{"_id": "d8df258fa", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS VII held by the Trust VII bear a fixed rate of interest of 8.875% until May 15, 2058.\nThereafter, the notes pay a floating rate at three-month LIBOR plus 500 bp.\nThe Bancorp entered into an interest rate swap to convert $275 million of the fixed-rate debt into floating.\nAt December 31, 2008, the rate paid on the swap was 6.05%.\nThe JSN VII may be redeemed at the option of the Bancorp on or after May 15, 2013, or in certain other limited circumstances, at a redemption price of 100% of the principal amount plus accrued but unpaid interest.\nAll redemptions are subject to certain conditions and generally require approval by the Federal Reserve Board.\nSubsidiary Long-Term Borrowings The senior fixed-rate bank notes due from 2009 to 2019 are the obligations of a subsidiary bank.\nThe maturities of the face value of the senior fixed-rate bank notes are as follows: $36 million in 2009, $800 million in 2010 and $275 million in 2019.\nThe Bancorp entered into interest rate swaps to convert $1.1 billion of the fixed-rate debt into floating rates.\nAt December 31, 2008, the rates paid on these swaps were 2.19% on $800 million and 2.20% on $275 million.\nIn August 2008, $500 million of senior fixed-rate bank notes issued in July of 2003 matured and were paid.\nThese long-term bank notes were issued to third-party investors at a fixed rate of 3.375%.\nThe senior floating-rate bank notes due in 2013 are the obligations of a subsidiary bank.\nThe notes pay a floating rate at three-month LIBOR plus 11 bp.\nThe senior extendable notes consist of $797 million that currently pay interest at three-month LIBOR plus 4 bp and $400 million that pay at the Federal Funds open rate plus 12 bp.\nThe subordinated fixed-rate bank notes due in 2015 are the obligations of a subsidiary bank.\nThe Bancorp entered into interest rate swaps to convert the fixed-rate debt into floating rate.\nAt December 31, 2008, the weighted-average rate paid on the swaps was 3.29%.\nThe junior subordinated floating-rate bank notes due in 2032 and 2033 were assumed by a Bancorp subsidiary as part of the acquisition of Crown in November 2007.\nTwo of the notes pay floating at three-month LIBOR plus 310 and 325 bp.\nThe third note pays floating at six-month LIBOR plus 370 bp.\nThe three-month LIBOR plus 290 bp and the three-month LIBOR plus 279 bp junior subordinated debentures due in 2033 and 2034, respectively, were assumed by a subsidiary of the Bancorp in connection with the acquisition of First National Bank.\nThe obligations were issued to FNB Statutory Trusts I and II, respectively.\nThe junior subordinated floating-rate bank notes due in 2035 were assumed by a Bancorp subsidiary as part of the acquisition of First Charter in May 2008.\nThe obligations were issued to First Charter Capital Trust I and II, respectively.\nThe notes of First Charter Capital Trust I and II pay floating at three-month LIBOR plus 169 bp and 142 bp, respectively.\nThe Bancorp has fully and unconditionally guaranteed all obligations under the acquired trust preferred securities.\nAt December 31, 2008, FHLB advances have rates ranging from 0% to 8.34%, with interest payable monthly.\nThe advances are secured by certain residential mortgage loans and securities totaling $8.6 billion.\nAt December 31, 2008, $2.5 billion of FHLB advances are floating rate.\nThe Bancorp has interest rate caps, with a notional of $1.5 billion, held against its FHLB advance borrowings.\nThe $3.6 billion in advances mature as follows: $1.5 billion in 2009, $1 million in 2010, $2 million in 2011, $1 billion in 2012 and $1.1 billion in 2013 and thereafter.\nMedium-term senior notes and subordinated bank notes with maturities ranging from one year to 30 years can be issued by two subsidiary banks, of which $3.8 billion was outstanding at December 31, 2008 with $16.2 billion available for future issuance.\nThere were no other medium-term senior notes outstanding on either of the two subsidiary banks as of December 31, 2008.15.\nCOMMITMENTS, CONTINGENT LIABILITIES AND GUARANTEES The Bancorp, in the normal course of business, enters into financial instruments and various agreements to meet the financing needs of its customers.\nThe Bancorp also enters into certain transactions and agreements to manage its interest rate and prepayment risks, provide funding, equipment and locations for its operations and invest in its communities.\nThese instruments and agreements involve, to varying degrees, elements of credit risk, counterparty risk and market risk in excess of the amounts recognized in the Bancorp’s Consolidated Balance Sheets.\nCreditworthiness for all instruments and agreements is evaluated on a case-by-case basis in accordance with the Bancorp’s credit policies.\nThe Bancorp’s significant commitments, contingent liabilities and guarantees in excess of the amounts recognized in the Consolidated Balance Sheets are summarized as follows: Commitments The Bancorp has certain commitments to make future payments under contracts.\nA summary of significant commitments at December 31:"}
{"_id": "d8866b7f0", "title": "", "text": "| 2004 2003 2002 | (Dollars in millions) | Net sales | % change compared with prior year | Segment profit | % change compared with prior year |"}
{"_id": "d860d8920", "title": "", "text": "| 2004 Entergy  Arkansas Entergy  Gulf States Entergy  Louisiana Entergy  Mississippi Entergy  New Orleans System  Energy | (In Thousands) | Computed at statutory rate -35% | Increases (reductions) in tax | resulting from: | State income taxes net of | federal income tax effect | Regulatory differences - | utility plant items | Amortization of investment | tax credits | Flow-through/permanent | differences | Other -- net | Total income taxes | Effective Income Tax Rate |"}
{"_id": "d8f889918", "title": "", "text": "| 2011 2010 2009 Excluding   Option   Exchange   Program 2009* | Options granted (in thousands) | Weighted-average exercise price-stock options | Weighted-average grant date fair value-stock options | Assumptions: | Weighted-average expected volatility | Weighted-average expected term (in years) | Risk-free interest rate | Expected dividend yield |"}
{"_id": "d8d70d12c", "title": "", "text": "| Outstanding Options Exercisable Options | Exercise Prices | $8.09 – $8.44 | $11.45 – $16.48 | $22.00 – $26.50 | 678,338 |"}
{"_id": "d8c518f0c", "title": "", "text": "| Total Revenue -1 Net Income (Loss) | (Dollars in millions) | Deposits | Global Card Services-2 | Home Loans & Insurance | Global Banking | Global Markets | Global Wealth & Investment Management | All Other-2 | Total FTE basis | FTE adjustment | Total Consolidated |"}
{"_id": "d8ad4c356", "title": "", "text": "| September 24, 2011 September 25, 2010 | Deferred tax assets | Net operating loss carryforwards | Nondeductible accruals | Nondeductible reserves | Stock-based compensation | Research and other credits | Convertible notes issuance costs | Deferred gain | Nonqualified deferred compensation plan | Other temporary differences | 132,715 | Less: valuation allowance | $118,785 | Deferred tax liabilities | Depreciation and amortization | Debt discount on convertible notes | Original issue discount | Deferral on convertible notes exchange | Investment in subsidiary | $-1,036,604 | $ -917,819 |"}
{"_id": "d8c1ec2c0", "title": "", "text": "| (DOLLARS IN THOUSANDS) Rate Maturities 2012 2011 | Senior notes — 2007 | Senior notes — 2006 | Credit facilities | Bank overdrafts and other | Deferred realized gains on interest rate swaps | 1,031,175 | Less: Current portion of long-term debt | $881,104 |"}
{"_id": "d8ea2f1d8", "title": "", "text": "| Equity Compensation PlanCategory Number ofSecurities to beIssued UponExercise ofOutstandingOptions, Warrantsand Rights Weighted AverageExercise Price ofOutstandingOptions, Warrantsand Rights Number of SecuritiesRemaining Availablefor Future IssuanceUnder EquityCompensation Plans(excluding securitiesreflected in the firstcolumn) | Stockholder-approved plans | Nonstockholder-approved plans | Subtotal (except for weighted average exercise price) | Employee Stock Purchase Plan | Total |"}
{"_id": "d8e47c1e6", "title": "", "text": "| Remainder of 1999 $7,606 | 2000 | 2001 | 2002 | 2003 | Thereafter | Total |"}
{"_id": "d8125ce0e", "title": "", "text": "STOCK COMPENSATION PLANS As of December 31, 2018, HII had stock-based compensation awards outstanding under the following plans: the Huntington Ingalls Industries, Inc.  2011 Long-Term Incentive Stock Plan (the \"2011 Plan\") and the Huntington Ingalls Industries, Inc.  2012 Long-Term Incentive Stock Plan (the \"2012 Plan\").\nStock Compensation Plans On March 23, 2012, the Company's board of directors adopted the 2012 Plan, subject to stockholder approval, and the Company's stockholders approved the 2012 Plan on May 2, 2012.\nAward grants made on or after May 2, 2012, were made under the 2012 Plan.\nAward grants made prior to May 2, 2012, were made under the 2011 Plan.\nNo future grants will be made under the 2011 Plan."}
{"_id": "d81bc4b9a", "title": "", "text": "| Pension plans Postretirement benefit plans | U.S. plans | In millions of dollars | Qualified Plans | Benefits earned during the year | Interest cost on benefit obligation | Expected return on plan assets | Amortization of unrecognized | Net transition obligation | Prior service cost (benefit) | Net actuarial loss | Curtailment loss-1 | Net qualified (benefit) expense | Nonqualified (benefit) expense | Total net (benefit) expense |"}
{"_id": "d8cc91a04", "title": "", "text": "Other Commitments Global Principal Investments and Other Equity Investments At December 31, 2011 and 2010, the Corporation had unfunded equity investment commitments of $772 million and $1.5 billion.\nIn light of proposed Basel regulatory capital changes related to unfunded commitments over the past two years, the Corporation has actively reduced these commitments in a series of sale transactions involving its private equity fund investments.\nOther Commitments At December 31, 2011 and 2010, the Corporation had commitments to purchase loans (e. g. , residential mortgage and commercial real estate) of $2.5 billion and $2.6 billion which upon settlement will be included in loans or LHFS.\nAt December 31, 2011 and 2010, the Corporation had commitments to enter into forward-dated resale and securities borrowing agreements of $67.0 billion and $39.4 billion.\nIn addition, the Corporation had commitments to enter into forwarddated repurchase and securities lending agreements of $42.0 billion and $33.5 billion.\nAll of these commitments expire within the next 12 months.\nThe Corporation is a party to operating leases for certain of its premises and equipment.\nCommitments under these leases are approximately $3.0 billion, $2.6 billion, $2.0 billion, $1.6 billion and $1.3 billion for 2012 through 2016, respectively, and $6.1 billion in the aggregate for all years thereafter."}
{"_id": "d8e79b674", "title": "", "text": "[2] Estimated life, annuity and disability obligations include death and disability claims, policy surrenders, policyholder dividends and trail commissions offset by expected future deposits and premiums on in-force contracts.\nEstimated life, annuity and disability obligations are based on mortality, morbidity and lapse assumptions comparable with the Companys historical experience, modified for recent observed trends.\nThe Company has also assumed market growth and interest crediting consistent with other assumptions.\nIn contrast to this table, the majority of the Companys obligations are recorded on the balance sheet at the current account values and do not incorporate an expectation of future market growth, interest crediting, or future deposits.\nTherefore, the estimated obligations presented in this table significantly exceed the liabilities recorded in reserve for future policy benefits and unpaid losses and loss adjustment expenses, other policyholder funds and benefits payable, and separate account liabilities.\nDue to the significance of the assumptions used, the amounts presented could materially differ from actual results.\nSee Note 2 - Business Dispositions of Notes to Consolidated Financial Statements for further information as to Retirement Plans and Individual Life reinsurance transactions."}
{"_id": "d8b4c18b6", "title": "", "text": "continue to be deployed as wireless service providers are beginning their investments in 3G data networks.\nSimilarly, in Ghana and Uganda, wireless service providers continue to build out their voice and data networks in order to satisfy increasing demand for wireless services.\nIn South Africa, where voice networks are in a more advanced stage of development, carriers are beginning to deploy 3G data networks across spectrum acquired in recent spectrum auctions.\nIn Mexico and Brazil, where nationwide voice networks have also been deployed, some incumbent wireless service providers continue to invest in their 3G data networks, and recent spectrum auctions have enabled other incumbent wireless service providers to begin their initial investments in 3G data networks.\nIn markets such as Chile, Peru and Colombia, recent or anticipated spectrum auctions are expected to drive investment in nationwide voice and 3G data networks.\nIn Germany, our most mature international wireless market, demand is currently being driven by a government-mandated rural fourth generation network build-out, as well as other tenant initiatives to deploy next generation wireless services.\nWe believe incremental demand for our tower sites will continue in our international markets as wireless service providers seek to remain competitive by increasing the coverage of their networks while also investing in next generation data networks.\nRental and Management Operations New Site Revenue Growth.\nDuring the year ended December 31, 2012, we grew our portfolio of communications real estate through acquisitions and construction activities, including the acquisition and construction of approximately 8,810 sites.\nIn a majority of our international markets, the acquisition or construction of new sites results in increased pass-through revenues and expenses.\nWe continue to evaluate opportunities to acquire larger communications real estate portfolios, both domestically and internationally, to determine whether they meet our risk adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio."}
{"_id": "d8c2d5e16", "title": "", "text": "Operating Activities Cash flow from operations increased $10.8 million in 2004 primarily due to the increased collection of deferred fuel costs and the receipt of an income tax payment through Entergy's inter-company tax allocation process.\nThe increase was almost entirely offset by money pool activity.\nIn 2003, the domestic utility companies and System Energy filed, with the IRS, a change in tax accounting method notification for their respective calculations of cost of goods sold.\nThe adjustment implemented a simplified method of allocation of overhead to the production of electricity, which is provided under the IRS capitalization regulations.\nThe cumulative adjustment placing these companies on the new methodology resulted in a $505 million deduction for Entergy Louisiana on Entergy's 2003 income tax return.\nThere was no cash benefit from the method change in 2003.\nIn 2004 Entergy Louisiana realized $100 million in cash tax benefit from the method change.\nThis tax accounting method change is an issue across the utility industry and will likely be challenged by the IRS on audit.\nAs of December 31, 2004, Entergy Louisiana has a net operating loss (NOL) carryforward for tax purposes of $195.7 million, principally resulting from the change in tax accounting method related to cost of goods sold.\nIf the tax accounting method change is sustained, Entergy Louisiana expects to utilize the NOL carryforward through 2005.\nCash flow from operations decreased $621.8 million in 2003 as a result of Entergy Louisiana changing its method of accounting for tax purposes related to its wholesale electric power contracts, including the contract to purchase power from the Vidalia project (the contract is discussed in Note 8 to the domestic utility companies and System Energy financial statements).\nThe new tax accounting method provided a cumulative cash flow benefit of approximately $790 million through 2004, which is expected to reverse in the years 2005 through 2031.\nThe election did not reduce book income tax expense.\nThe timing of the reversal of this benefit depends on several variables, including the price of power.\nIn a settlement approved by the LPSC, Entergy Louisiana will keep a portion of the benefit in exchange for crediting customer rates.\nThe credit will be $11 million annually through at least 2010.\nSee Part I, Item 1 for additional details concerning the settlement.\nEntergy Louisiana reduced its indebtedness and preferred stock with a portion of the cash from the tax benefit.\nIn accordance with the terms of the settlement, Entergy Louisiana requested SEC approval to return up to $350 million of common equity capital to Entergy Corporation in order to maintain Entergy Louisiana's capital structure.\nIn December 2002, Entergy Louisiana repurchased $120 million of common stock from Entergy Corporation and, at the time of settlement, paid a dividend of $122.6 million pursuant to the SEC approval.\nThe provisions of the settlement provide that the LPSC shall not recognize or use Entergy Louisiana's use of this cash in"}
{"_id": "d8c7c0534", "title": "", "text": "| Annual U.S. Net Sales BMS Share as a % of U.S. Net Sales | $0 to $2.7 billion | $2.7 billion to $3.2 billion | $3.2 billion to $3.7 billion | $3.7 billion to $4.0 billion | $4.0 billion to $4.2 billion | In excess of $4.2 billion |"}
{"_id": "d8ca63d04", "title": "", "text": "IMPAIRED LOANS Impaired loans include commercial nonperforming loans and consumer and commercial TDRs, regardless of nonperforming status.\nExcluded from impaired loans are nonperforming leases, loans held for sale, smaller balance homogeneous type loans and purchased impaired loans.\nSee Note 6 Purchased Loans for additional information.\nNonperforming equipment lease financing loans of $12 million and $22 million at December 31, 2012 and December 31, 2011, respectively, are excluded from impaired loans pursuant to authoritative lease accounting guidance.\nWe did not recognize interest income on nonperforming impaired loans while they were in impaired loan status during 2012 and 2011.\nThe following table provides further detail on impaired loans individually evaluated for impairment and the associated ALLL.\nCertain commercial impaired loans do not have a related ALLL as the valuation of these impaired loans exceeded the recorded investment."}
{"_id": "d8670e8c6", "title": "", "text": "Cash used in investing activities for continuing operations decreased by $421 million during 2009, primarily due to reduced capital expenditures; a withdrawal of funds, to refund customers, from the external decommissioning fund as approved by the MPUC; as well as reduced investment in the WYCO natural gas pipeline and storage project.\nNo cash was provided by investing activities for discontinued operations.\nCash used in investing activities for continuing operations increased by $74 million during 2008, primarily due to increased capital expenditures, and the continued investment in the WYCO natural gas pipeline and storage project."}
{"_id": "d8e487b04", "title": "", "text": "| Payments due by period | Total | (In thousands) | Long-term debt obligations | Capital lease obligations | Interest expense on long-term debt and capital lease obligations | Satellite-related obligations | Operating lease obligations | Purchase obligations | Total |"}
{"_id": "d8a086824", "title": "", "text": "On behalf of our customers, we lend their securities to creditworthy brokers and other institutions.\nIn certain circumstances, we may indemnify our customers for the fair market value of those securities against a failure of the borrower to return such securities.\nCollateral funds received in connection with our securities finance services are held by us as agent and are not recorded in our consolidated statement of condition.\nWe require the borrowers to provide collateral in an amount equal to or in excess of 100% of the fair market value of the securities borrowed.\nThe borrowed securities are revalued daily to determine if additional collateral is necessary.\nIn this regard, we held, as agent, cash and U. S.  government securities totaling $572.93 billion and $527.37 billion as collateral for indemnified securities on loan at December 31, 2007 and 2006, respectively.\nApproximately 82% of the unfunded commitments to extend credit and liquidity asset purchase agreements expire within one year from the date of issue.\nSince many of the commitments are expected to expire or renew without being drawn upon, the total commitment amounts do not necessarily represent future cash requirements.\nIn the normal course of business, we provide liquidity and credit enhancements to asset-backed commercial paper programs, referred to as conduits.\n These conduits are described in note 11.\nThe commercial paper issuances and commitments of the conduits to provide funding are supported by liquidity asset purchase agreements and backup liquidity lines of credit, the majority of which are provided by us.\nIn addition, we provide direct credit support to the conduits in the form of standby letters of credit.\nOur commitments under liquidity asset purchase agreements and back-up lines of credit totaled $28.37 billion at December 31, 2007, and are included in the preceding table.\nOur commitments under standby letters of credit totaled $1.04 billion at December 31, 2007, and are also included in the preceding table.\nDeterioration in asset performance or certain other factors affecting the liquidity of the commercial paper may shift the asset risk from the commercial paper investors to us as the liquidity or credit enhancement provider.\nIn addition, the conduits may need to draw upon the back-up facilities to repay maturing commercial paper.\nIn these instances, we would either acquire the assets of the conduits or make loans to the conduits secured by the conduits assets."}
{"_id": "d8d62ff20", "title": "", "text": "| Plan category Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights-1(a)(b) Weighted-Average Exercise Price of Outstanding Options,Warrants and Rights-2 Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding SecuritiesReflected in Column (a)) (c) | Equity compensation plans approved by security holders | Equity compensation plans not approved by security holders-3 | Total |"}
{"_id": "d8a2d09ae", "title": "", "text": "| 2011 2010 2009 2008 2007 | As of and for the yearsended December 31in millions, except per share data | Net sales | Gross profit | Gross profit as a percentage of net sales | Earnings (loss) from continuing operations1 | Earnings (loss) on discontinued operations, net of tax2 | Net earnings (loss) | Basic earnings (loss) per share | Earnings from continuing operations | Discontinued operations | Basic net earnings (loss) per share | Diluted earnings (loss) per share | Earnings from continuing operations | Discontinued operations | Diluted net earnings (loss) per share | Cash and cash equivalents | Total assets3 | Working capital3 | Current maturities and short-term borrowings | Long-term debt | Equity3 | Cash dividends declared per share |"}
{"_id": "d8c182f0a", "title": "", "text": "(1) During 2007, 2006 and 2005, we recorded non-recurring separation costs as a result of our separation from American Express.\nDuring the years ended December 31, 2007, 2006 and 2005, $236 million ($154 million after-tax), $361 million ($235 million after-tax) and $293 million ($191 million after-tax), respectively, of such costs were incurred.\nThese costs were primarily associated with establishing the Ameriprise Financial brand, separating and reestablishing our technology platforms and advisor and employee retention programs.\n(2) Diluted shares used in this calculation represent basic shares due to the net loss.\nUsing actual diluted shares would result in anti-dilution.\nHOST HOTELS & RESORTS, INC. , HOST HOTELS & RESORTS, L. P. , AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) Cash paid for income taxes, net of refunds received, was $40 million, $15 million, and $9 million in 2017, 2016, and 2015, respectively.\nA reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):"}
{"_id": "d83b5a20c", "title": "", "text": "As of September 30, 2009, there was $48.2 million of total unrecognized pre-tax compensation cost, net of estimated forfeitures, related to grants under our Restricted Stock Plan.\nThese costs are expected to be recognized over a weighted average period of approximately 3.46 years.\nThe total fair value of shares vested under this plan during the fiscal year ended September 30, 2009 was $9.3 million."}
{"_id": "d861e39f0", "title": "", "text": "| FOR THE YEAR ENDED DECEMBER 31: 2014 2013 2012 2011 2010 | Total fee revenue | Net interest revenue | Gains (losses) related to investment securities, net(1) | Total revenue | Provision for loan losses | Expenses: | Compensation and employee benefits | Information systems and communications | Transaction processing services | Occupancy | Claims resolution | Securities lending charge | Acquisition and restructuring costs, net-2 | Other | Total expenses | Income before income tax expense | Income tax expense-3 | Net income | Adjustments to net income-4 | Net income available to common shareholders | PER COMMON SHARE: | Earnings per common share: | Basic | Diluted | Cash dividends declared | Closing market price (at year end) | AT YEAR END: | Investment securities | Average total interest-earning assets | Total assets | Deposits | Long-term debt | Total shareholders' equity | Assets under custody and administration (in billions) | Assets under management (in billions) | Number of employees | RATIOS: | Return on average common shareholders' equity | Return on average assets | Common dividend payout | Average common equity to average total assets | Net interest margin, fully taxable-equivalent basis | Common equity tier 1 ratio-5 | Tier 1 capital ratio-5 | Total capital ratio-5 | Tier 1 leverage ratio-5 |"}
{"_id": "d89c4f792", "title": "", "text": "(1) Of these amounts, $4,816, $5,814, $7,052, $6,506, $6,506, $6,265, $6,100 and $6,442, respectively, were from related parties.\n(2) Of these amounts, $729, $984, $1,087, $1,605, $2,611, $1,971, $1,990 and $1,778, respectively, were from related parties.\n(3) Of these amounts, $835, $998, $1,135, $1,461, $1,434, $1,139, $1,592 and $1,479, respectively, were from related parties.\n(4) Of these amounts, $41, $43, $53, $52, $60, $76, $118 and $207, respectively, were from related parties.\nState income tax returns are generally subject to examination for a period of 3 to 5 years after filing of the respective return.\nThe state impact of any federal changes generally remains subject to examination by various states for a period of up to one year after formal notification to the states.\nWe have various state income tax returns in the process of examination, administrative appeals or litigation.\nOur tax returns are currently under examination in various foreign jurisdictions.\nForeign jurisdictions have statutes of limitations generally ranging from 3 to 5 years.\nYears still open to examination by foreign tax authorities in major jurisdictions include: Australia (2009 onward), Canada (2007 onward), France (2011 onward), Germany (2009 onward), Ireland (2009 onward), Italy (2010 onward), Japan (2010 onward), Korea (2008 onward), Puerto Rico (2008 onward), Switzerland (2012 onward), and the United Kingdom (2012 onward).16."}
{"_id": "d8960fab2", "title": "", "text": "| Decrease LifeBy 1 Year Increase Life By 1 Year | Merchant Gases | Electronics and Performance Materials |"}
{"_id": "d8c05bf6e", "title": "", "text": "Cost of insurance and administrative charges on universal and variable universal life insurance are reflected in other revenues and were $672 million, $519 million and $477 million for the years ended December 31, 2008, 2007 and 2006, respectively.\nThese amounts were net of reinsurance ceded of $61 million, $57 million and $55 million for the years ended December 31, 2008, 2007 and 2006, respectively.\nReinsurance recovered from reinsurers was $151 million, $130 million and $129 million for the years ended December 31, 2008, 2007 and 2006, respectively.\nReinsurance contracts do not relieve the Company from its primary obligation to policyholders.\nReceivables included $1.6 billion and $1.3 billion of reinsurance recoverables as of December 31, 2008 and 2007, respectively, including $1.2 billion and $1.0 billion recoverable from Genworth, respectively.\nIncluded in future policy benefits"}
{"_id": "d8ccdf664", "title": "", "text": "| Location Ralph Lauren | United States and Canada | Europe | Japan | Total | Fiscal Years Ended | March 31, 2007 | (millions) | Operating Income: | Wholesale | Retail | Licensing | 843.6 | Less: | Unallocated corporate expenses | Unallocated legal and restructuring charges | Total operating income | Fiscal Years Ended | March 31, 2007 | (millions) | Net cash provided by operating activities | Net cash used in investing activities | Net cash provided by (used in) financing activities | Effect of exchange rate changes on cash and cash equivalents | Net increase (decrease) in cash and cash equivalents |"}
{"_id": "d8be6bd58", "title": "", "text": "| Period (a)(b) Total Number of Shares Purchased Average Price Paid Per Share (c)(d) Total Number of Shares Purchased as part of Publicly Announced Plans or Programs(1) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs-1 | October 1 to October 31, 2015 | Share repurchase program-1 | Employee transactions-2 | November 1 to November 30, 2015 | Share repurchase program-1 | Employee transactions-2 | December 1 to December 31, 2015 | Share repurchase program-1 | Employee transactions-2 | Totals | Share repurchase program-1 | Employee transactions-2 | 4,065,620 |"}
{"_id": "d89e3c60e", "title": "", "text": "| For the Year Ended December 31, | (dollars in millions, except per-share amounts) | OPERATING DATA: | Net interest income | Noninterest income | Total revenue | Provision for credit losses | Noninterest expense | Income (loss) before income tax expense (benefit) | Income tax expense (benefit) | Net income (loss) | Net income (loss) available to common stockholders | Net income (loss) per average common share - basic(2) | Net income (loss) per average common share - diluted(2) | Dividends declared and paid per common share | OTHER OPERATING DATA: | Return on average common equity-3 | Return on average tangible common equity-4 | Return on average total assets-5 | Return on average total tangible assets-6 | Efficiency ratio-7 | Operating leverage-8 | Net interest margin-9 |"}
{"_id": "d8e786094", "title": "", "text": "2003 and for hedging relationships designated after June 30, 2003.\nThe adoption of SFAS 149 did not have a material impact on our consolidated financial position, results of operations or cash flows.\nIn May 2003, the FASB issued Statement of Financial Accounting Standards No.150 (“SFAS 150”), “Accounting for Certain Financial Instruments with Characteristics of Both Liabilities and Equity.\n” SFAS 150 requires that certain financial instruments, which under previous guidance were accounted for as equity, must now be accounted for as liabilities.\nThe financial instruments affected include mandatory redeemable stock, certain financial instruments that require or may require the issuer to buy back some of its shares in exchange for cash or other assets and certain obligations that can be settled with shares of stock.\nSFAS 150 is effective for all financial instruments entered into or modified after May 31, 2003, and otherwise is effective at the beginning of the first interim period beginning after June 15, 2003.\nThe adoption of SFAS 150 did not have a material impact on our consolidated financial position, results of operations or cash flows.\nNote 2.\nAcquisitions On May 19, 2003, we purchased the technology assets of Syntrillium, a privately held company, for $16.5 million cash.\nSyntrillium developed, published and marketed digital audio tools including its recording application, Cool Edit Pro (renamed Adobe Audition), all of which have been added to our existing line of professional digital imaging and video products.\nBy adding Adobe Audition and the other tools to our existing line of products, we have improved the Adobe video workflow and expanded the products and tools available to videographers, DVD authors and independent filmmakers.\nIn connection with the purchase, we allocated $13.7 million to goodwill, $2.7 million to purchased technology and $0.1 million to tangible assets.\nWe also accrued $0.1 million in acquisition-related legal and accounting fees.\nGoodwill has been allocated to our Digital Imaging and Video segment.\nPurchased technology is being amortized to cost of product revenue over its estimated useful life of three years.\nThe consolidated financial statements include the operating results of the purchased technology assets from the date of purchase.\nPro forma results of operations have not been presented because the effect of this acquisition was not material.\nIn April 2002, we acquired all of the outstanding common stock of Accelio.\nAccelio was a provider of Web-enabled solutions that helped customers manage business processes driven by electronic forms.\nThe acquisition of Accelio broadened our ePaper solution business.\nAt the date of acquisition, the aggregate purchase price was $70.2 million, which included the issuance of 1.8 million shares of common stock of Adobe, valued at $68.4 million, and cash of $1.8 million.\nThe following table summarizes the purchase price allocation:"}
{"_id": "d87c3aef2", "title": "", "text": "| Percentage of Plan Assets Target Allocations | Asset Category | Equity | Debt | Real estate and real assets | Private equity | Hedge funds | Global strategies | 100% |"}
{"_id": "d8e9d7a64", "title": "", "text": "| Year Ended December 31, 2017 Year Ended December 31, 2016 | As Reported | Net revenues | Cost of net revenues | Sales and marketing | Net income (loss) | Net income (loss) per share - basic | Net income (loss) per share - diluted |"}
{"_id": "d8cf2bd46", "title": "", "text": "WASTE MANAGEMENT, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) We are still negotiating and litigating final resolutions of our withdrawal liability for certain previous withdrawals.\nExcept in the case of our withdrawals from the Central States Pension Plan, we do not believe any additional liability above the charges we have already recognized for such previous withdrawals could be material to the Companys business, financial condition, liquidity, results of operations or cash flows.\nIn addition to charges recognized in prior years, we currently estimate that we could incur up to approximately $40 million in future charges based on demands from representatives of the Central States Pension Plan.\nAs a result, we do not anticipate that the final resolution of the Central States Pension Plan matter could be material to the Companys business, financial condition or liquidity; however, such loss could have a material adverse effect on our cash flows and, to a lesser extent, our results of operations, for a particular reporting period.\nSimilarly, we also do not believe that any future withdrawals, individually or in the aggregate, from the multiemployer pension plans to which we contribute, could have a material adverse effect on our business, financial condition or liquidity.\nHowever, such withdrawals could have a material adverse effect on our results of operations or cash flows for a particular reporting period, depending on the number of employees withdrawn in any future period and the financial condition of the multiemployer pension plan(s) at the time of such withdrawal(s).\nTax Matters  We participate in the IRSs Compliance Assurance Process, which means we work with the IRS throughout the year in order to resolve any material issues prior to the filing of our annual tax return.\nWe are currently in the examination phase of IRS audits for the tax years 2013, 2014 and 2015 and expect these audits to be completed within the next three, 15 and 27 months, respectively.\nWe are also currently undergoing audits by various state and local jurisdictions for tax years that date back to 2009, with the exception of affirmative claims in a limited number of jurisdictions that date back to 2000.\nWe are also under audit in Canada for the tax years 2012 and 2013.\nIn 2011, we acquired Oakleaf, which is subject to potential IRS examination for the year 2011.\nPursuant to the terms of our acquisition of Oakleaf, we are entitled to indemnification for Oakleafs preacquisition period tax liabilities.\nWe maintain a liability for uncertain tax positions, the balance of which management believes is adequate.\nResults of audit assessments by taxing authorities are not currently expected to have a material adverse impact on our results of operations or cash flows.12."}
{"_id": "d8885219a", "title": "", "text": "| December 31, | 2010 | (in millions) | Variable annuity variable sub-accounts | VUL insurance variable sub-accounts | Other insurance variable sub-accounts | Threadneedle investment liabilities | Total |"}
{"_id": "d88e4a692", "title": "", "text": "Derivative financial instruments and hedge activities The Company recognizes all derivative instruments as either assets or liabilities at fair value on the balance sheet.\nThe accounting for changes in the fair value of a derivative depends on the use of the derivative.\nTo the extent that a derivative is effective as a cash flow hedge of an exposure to future changes in value, the change in fair value of the derivative is deferred in accumulated other comprehensive (loss) income.\nAny portion considered to be ineffective is reported in earnings immediately.\nTo the extent that a derivative is effective as a hedge of an exposure to future changes in fair value, the change in the derivative’s fair value is offset in the statement of income by the change in fair value of the item being hedged.\nTo the extent that a derivative or a financial instrument is effective as a hedge of a net investment in a foreign operation, the change in the derivative’s fair value is deferred as an unrealized currency translation adjustment in accumulated other comprehensive (loss) income.\nProduct warranties The Company accrues for product warranties at the time the associated products are sold based on historical claims experience.\nAs of Dec.  31, 2006 and 2005, the reserve for product warranties was $10 million and $4 million, respectively.\nPretax charges against income for product warranties in 2006, 2005 and 2004 totaled $4 million, $5 million and $4 million, respectively.\nCash outlays related to product warranties were $5 million, $4 million and $4 million in 2006, 2005 and 2004, respectively.\nIn addition, $7 million of warranty obligations were assumed as part of the Company’s 2006 business acquisitions.\nAsset Retirement Obligations An asset retirement obligation represents a legal obligation associated with the retirement of a tangible long-lived asset that is incurred upon the acquisition, construction, development or normal operation of that long-lived asset.\nWe recognize asset retirement obligations in the period in which they are incurred, if a reasonable estimate of fair value can be made.\nThe asset retirement obligation is subsequently adjusted for changes in fair value.\nThe associated estimated asset retirement costs are capitalized as part of the carrying amount of the long-lived asset and depreciated over its useful life.\nPPG’s asset retirement obligations are primarily associated with closure of certain assets used in the chemicals manufacturing process.\nAs of Dec.  31, 2006 and 2005 the accrued asset retirement obligation was $10 million and as of Dec.  31, 2004 it was $9 million.\nIn March 2005, the FASB issued FASB Interpretation (“FIN”) No.47, “Accounting for Conditional Asset Retirement Obligations, an interpretation of FASB Statement No.143”.\nFIN No.47 clarifies the term conditional asset retirement obligation as used in SFAS No.143, “Accounting for Asset Retirement Obligations”, and provides further guidance as to when an entity would have sufficient information to reasonably estimate the fair value of an asset retirement obligation.\nEffective Dec.  31, 2005, PPG adopted the provisions of FIN No.47.\nOur only conditional asset retirement obligation relates to the possible future abatement of asbestos contained in certain PPG production facilities.\nThe asbestos in our production facilities arises from the application of normal and customary building practices in the past when the facilities were constructed.\nThis asbestos is encapsulated in place and, as a result, there is no current legal requirement to abate it.\nInasmuch as there is no requirement to abate, we do not have any current plans or an intention to abate and therefore the timing, method and cost of future abatement, if any, are not"}
{"_id": "d8673d52c", "title": "", "text": "The Company provides limited postemployment benefits to eligible former U. S.  employees, primarily severance under a formal severance plan (the Severance Plan).\nThe Company accounts for severance expense by accruing the expected cost of the severance benefits expected to be provided to former employees after employment over their relevant service periods.\nThe Company updates the assumptions in determining the severance accrual by evaluating the actual severance activity and long-term trends underlying the assumptions.\nAs a result of updating the assumptions, the Company recorded incremental severance expense related to the Severance Plan of $3 million in each of the years 2010, 2009 and 2008.\nThese amounts were part of total severance expenses of $39 million, $135 million and $33 million in 2010, 2009 and 2008, respectively, included in general and administrative expenses in the accompanying consolidated statement of operations.\nNote 15."}
{"_id": "d88f37230", "title": "", "text": "| Year EndedDecember 31 | 2017 | Net sales, as reported | Acquisitions | Divestitures | Net sales, excluding acquisitions and divestitures | Currency translation | Net sales, excluding acquisitions, divestitures and the effect of currency translation |"}
{"_id": "d8e2b4c5a", "title": "", "text": "| Pension BenefitPayments OtherPostretirementBenefit Payments OtherPostretirementBenefits–Medicare PartD SubsidyReceipts | (in millions) | 2019 | 2020 | 2021 | 2022 | 2023 | 2024-2028 | Total |"}
{"_id": "d8736bd6c", "title": "", "text": "| (In millions) 2009 2008 | E&P | United States | International | E&P segment | OSM | IG | RM&T | Segment income | Items not allocated to segments, net of income taxes: | Corporate and other unallocated items | Foreign currency effects on tax balances | Impairments(a) | Gain on U.K. natural gas contracts(b) | Gain on disposal of assets | Discontinued operations | Net income |"}
{"_id": "d82e4f04e", "title": "", "text": "UNITED PARCEL SERVICE, INC.  AND SUBSIDIARIES MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 49 Issuances of debt in 2014 and 2013 consisted primarily of longer-maturity commercial paper.\nIssuances of debt in 2012 consisted primarily of senior fixed rate note offerings totaling $1.75 billion.\nRepayments of debt in 2014 and 2013 consisted primarily of the maturity of our $1.0 and $1.75 billion senior fixed rate notes that matured in April 2014 and January 2013, respectively.\nThe remaining repayments of debt during the 2012 through 2014 time period included paydowns of commercial paper and scheduled principal payments on our capitalized lease obligations.\nWe consider the overall fixed and floating interest rate mix of our portfolio and the related overall cost of borrowing when planning for future issuances and non-scheduled repayments of debt.\nWe had $772 million of commercial paper outstanding at December 31, 2014, and no commercial paper outstanding at December 31, 2013 and 2012.\nThe amount of commercial paper outstanding fluctuates throughout each year based on daily liquidity needs.\nThe average commercial paper balance was $1.356 billion and the average interest rate paid was 0.10% in 2014 ($1.013 billion and 0.07% in 2013, and $962 million and 0.07% in 2012, respectively).\nThe variation in cash received from common stock issuances to employees was primarily due to level of stock option exercises in the 2012 through 2014 period.\nThe cash outflows in other financing activities were impacted by several factors.\nCash inflows (outflows) from the premium payments and settlements of capped call options for the purchase of UPS class B shares were $(47), $(93) and $206 million for 2014, 2013 and 2012, respectively.\nCash outflows related to the repurchase of shares to satisfy tax withholding obligations on vested employee stock awards were $224, $253 and $234 million for 2014, 2013 and 2012, respectively.\nIn 2013, we paid $70 million to purchase the noncontrolling interest in a joint venture that operates in the Middle East, Turkey and portions of the Central Asia region.\nIn 2012, we settled several interest rate derivatives that were designated as hedges of the senior fixed-rate debt offerings that year, which resulted in a cash outflow of $70 million.\nSources of Credit See note 7 to the audited consolidated financial statements for a discussion of our available credit and debt covenants.\nGuarantees and Other Off-Balance Sheet Arrangements We do not have guarantees or other off-balance sheet financing arrangements, including variable interest entities, which we believe could have a material impact on financial condition or liquidity.\nContractual Commitments We have contractual obligations and commitments in the form of capital leases, operating leases, debt obligations, purchase commitments, and certain other liabilities.\nWe intend to satisfy these obligations through the use of cash flow from operations.\nThe following table summarizes the expected cash outflow to satisfy our contractual obligations and commitments as of December 31, 2014 (in millions):"}
{"_id": "d897fcb2c", "title": "", "text": "| For the year ended December 31, Increase (decrease) | 2010 | Yield | ($ in millions) | Fixed maturities | Equity securities | Mortgage loans — commercial | Mortgage loans — residential | Real estate | Policy loans | Cash and cash equivalents | Other investments | Total before investment expenses | Investment expenses | Net investment income |"}
{"_id": "d8942ee46", "title": "", "text": "ENVIRONMENTAL COMPLIANCE Our environmental compliance costs include the cost of ongoing monitoring programs, the cost of remediation efforts and other similar costs.\nWe expense or capitalize environmental costs consistent with our capitalization policy.\nWe expense costs for an existing condition caused by past operations that do not contribute to future revenues.\nWe accrue costs for environmental assessment and remediation efforts when we determine that a liability is probable and we can reasonably estimate the cost.\nAt the early stages of a remediation effort, environmental remediation liabilities are not easily quantified due to the uncertainties of various factors.\nThe range of an estimated remediation liability is defined and redefined as events in the remediation effort occur.\nWhen we can estimate a range of probable loss, we accrue the most likely amount.\nIn the event that no amount in the range of probable loss is considered most likely, the minimum loss in the range is accrued.\nAs of December 31, 2013, the spread between the amount accrued and the maximum loss in the range for all sites for which a range can be reasonably estimated was $3,944,000.\nAccrual amounts may be based on technical cost estimations or the professional judgment of experienced environmental managers.\nOur Safety, Health and Environmental Affairs Management Committee routinely reviews cost estimates, including key assumptions, for accruing environmental compliance costs; however, a number of factors, including adverse agency rulings and encountering unanticipated conditions as remediation efforts progress, may cause actual results to differ materially from accrued costs.\nFor additional information regarding environmental compliance costs see Note 8."}
{"_id": "d8204017e", "title": "", "text": "| For the Years Ended December 31, 2013 2012 2011 | Stock options | RSUs and other | Total expense, pre-tax | Tax benefit related to awards | Total expense, net of tax |"}
{"_id": "d8ed623fa", "title": "", "text": "Note 19 \nFair Value of Financial Instruments SFAS No.107, “Disclosures About Fair Value of Financial Instruments” (SFAS 107), requires the disclosure of the estimated fair value of financial instruments.\nThe fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced or liquidation sale.\nQuoted market prices, if available, are utilized as estimates of the fair values of financial instruments.\nSince no quoted market prices exist for certain of the Corpo\nration’s financial instruments, the fair values of such instruments have been derived based on management’s assumptions, the estimated amount and timing of future cash flows and estimated discount rates.\nThe estimation methods for individual classifications of financial instruments are described more fully below.\nDifferent assumptions could significantly affect these estimates.\nAccordingly, the net realizable values could be materially different from the estimates presented below.\nIn addition, the estimates are only indicative of the value of individual financial instru\nments and should not be considered an indication of the fair value of the combined Corporation.\nThe provisions of SFAS 107 do not require the disclosure of the fair value of lease financing arrangements and nonfinancial instruments, including Goodwill and Intangible Assets such as purchased credit card, affinity, and trust relationships.\nShort-term Financial Instruments The carrying value of short-term financial instruments, including cash and cash equivalents, time deposits placed, federal funds sold and purchased, resale and repurchase agreements, commercial paper and other short\nterm investments and borrowings, approximates the fair value of these instruments.\nThese financial instruments generally expose the Corporation to limited credit risk and have no stated maturities or have short-term maturities and carry interest rates that approximate market.\nFinancial Instruments Traded in the Secondary Market and Strategic Investments Held-to-maturity securities, AFS debt and marketable equity securities, trading account instruments, long-term debt traded actively in the secon\ndary market and strategic investments have been valued using quoted market prices.\nThe fair values of trading account instruments, securities and strategic investments are reported in Notes 3 and 5 of the Con\nsolidated Financial Statements.\nDerivative Financial Instruments All derivatives are recognized on the Consolidated Balance Sheet at fair value, net of cash collateral held and taking into consideration the effects of legally enforceable master netting agreements that allow the Corpo\nration to settle positive and negative positions with the same counterparty on a net basis.\nFor exchange-traded contracts, fair value is based on quoted market prices.\nFor non-exchange traded contracts, fair value is based on dealer quotes, pricing models or quoted prices for instruments with similar characteristics.\nThe fair value of the Corporation’s derivative assets and liabilities is presented in Note 4 of the Consolidated Financial Statements.\nLoans Fair values were estimated for groups of similar loans based upon type of loan and maturity.\nThe fair value of loans was determined by discounting estimated cash flows using interest rates approximating the Corporation’s current origination rates for similar loans and adjusted to reflect the inherent credit risk.\nWhere quoted market prices were available, primarily for certain residential mortgage loans and commercial loans, such market prices were utilized as estimates for fair values.\nSubstantially all of the foreign loans reprice within relatively short timeframes.\nAccordingly, for foreign loans, the net carrying values were assumed to approximate their fair values.\nDeposits The fair value for deposits with stated maturities was calculated by dis\ncounting contractual cash flows using current market rates for instruments with similar maturities.\nThe carrying value of foreign time deposits approx\nimates fair value.\nFor deposits with no stated maturities, the carrying amount was considered to approximate fair value and does not take into account the significant value of the cost advantage and stability of the Corporation’s long-term relationships with depositors.\nThe book and fair values of certain financial instruments at December 31, 2006 and 2005 were as follows:"}
{"_id": "d8724e0ce", "title": "", "text": "| Pre-SFAS No. 158 Incremental effect of adopting SFAS No. 158 Post- SFAS No. 158 | (in millions) | Other assets | Total assets | Income taxes | Other liabilities | Total liabilities | Accumulated other comprehensive income (loss) | Total stockholders’ equity |"}
{"_id": "d8f1eecac", "title": "", "text": "| Total cost of shares purchased Total number of shares purchased Average price paid per share | 2012 | 2011 | 2010 |"}
{"_id": "d8d65f2e8", "title": "", "text": "| 2004 2003 2002 | Approximate risk-free interest rate | Expected life of option grants | Expected volatility of underlying stock (the Company Plan) | Expected volatility of underlying stock (ATC Mexico and ATC South America Plans) | Expected dividends |"}
{"_id": "d813f9424", "title": "", "text": "Commitments and Contingencies Operating Lease Commitments The Company leases its primary office spaces under agreements that expire through 2043.\nFuture minimum commitments under these operating leases are as follows:"}
{"_id": "d8165903e", "title": "", "text": "| For the Years Ended  December 31, | 2009 | (In thousands) | EBITDA | Less: | Interest expense, net | Income tax provision (benefit), net | Depreciation and amortization | Net income (loss) attributable to DISH Network common shareholders |"}
{"_id": "d88d15e5c", "title": "", "text": "| Amortized Cost Fair Value | Due in one year or less | Due after one year through two years | Due after two years through three years | Due in three years or more | 599,800 | Asset-backed securities | Total investments in debt securities |"}
{"_id": "d8619f7c8", "title": "", "text": "| For the Years Ended December 31, Variance | (in millions) | Cost of sales | Marketing, administration and research costs | Operating income |"}
{"_id": "d89926250", "title": "", "text": "| 2014 2013 2012 | Collection: | Residential | Commercial | Industrial | Other | Total collection | Transfer | Less: intercompany | Transfer, net | Landfill | Less: intercompany | Landfill, net | Sale of recycled commodities | Other non-core | Other | Total revenue |"}
{"_id": "d8694b9f4", "title": "", "text": "| (in thousands, except per share amounts) Shares Weighted Average Grant Date Fair Value Per Share | Balance at December 31, 2010 | Converted (a) | Granted | Vested | Forfeited | Balance at December 31, 2011 |"}
{"_id": "d812a0e60", "title": "", "text": "FUNDING AND CASH FLOWS The Company’s funding policy for the Pension Plan is to contribute amounts sufficient to meet legal funding requirements, plus any additional amounts that the Company may determine to be appropriate considering the funded status of the plans, tax deductibility, cash flow generated by the Company, and other factors.\nThe Company continually reassesses the amount and timing of any discretionary contributions.\nContributions to the qualified plan totaling $750 million, $353 million and $31 million were made by the Company in 2015, 2014 and 2013, respectively.\nGenerally, International Paper’s non-U.\nS.  pension plans are funded using the projected benefit as a target, except in certain countries where funding of benefit plans is not required.\nAt December 31, 2015, projected future pension benefit payments, excluding any termination benefits, were as follows:"}
{"_id": "d88778e04", "title": "", "text": "| Years Ended December 31, | 2015 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d87d8104a", "title": "", "text": "| December 31, 2008 | Amortized cost | (in millions) | Finance — Banking | Finance — Brokerage | Finance — Finance Companies | Finance — Financial Other | Finance — Insurance | Finance — REITS | Industrial — Basic Industry | Industrial — Capital Goods | Industrial — Communications | Industrial — Consumer Cyclical | Industrial — Consumer Non-Cyclical | Industrial — Energy | Industrial — Other | Industrial — Technology | Industrial — Transportation | Utility — Electric | Utility — Natural Gas | Utility — Other | Government guaranteed | Total corporate securities | Residential pass-through securities | Commercial mortgage-backed securities | Residential collateralized mortgage obligations -1 | Asset-backed securities — Home equity -2 | Asset-backed securities — All other | Collateralized debt obligations — Credit | Collateralized debt obligations — CMBS | Collateralized debt obligations — Loans | Collateralized debt obligations — ABS -3 | Total mortgage-backed and other asset-backed securities | U.S. Government and agencies | States and political subdivisions | Non-U.S. governments | Total fixed maturity securities, available-for-sale |"}
{"_id": "d88c4af5e", "title": "", "text": "outstanding under the commercial paper program.\nThe maximum combined borrowing at any time under both the 2017 Credit Agreement and the commercial paper program is $3 billion.\nIf market conditions were to change and our revenue was reduced significantly or operating costs were to increase, our cash flows and liquidity could be reduced.\nAdditionally, it could cause the rating agencies to lower our credit rating.\nThere are no ratings triggers that would accelerate the maturity of any borrowings under our committed credit facility.\nHowever, a downgrade in our credit ratings could increase the cost of borrowings under the credit facility and could also limit or preclude our ability to issue commercial paper.\nShould this occur, we could seek alternative sources of funding, including borrowing under the credit facility.\nDuring the year ended December 31, 2018, we used cash to fund a variety of activities including certain working capital needs and restructuring costs, capital expenditures, the repayment of debt, payment of dividends, distributions to GE and share repurchases.\nWe believe that cash on hand, cash flows generated from operations and the available credit facility will provide sufficient liquidity to manage our global cash needs.\nCash Flows Cash flows provided by (used in) each type of activity were as follows for the years ended December 31:"}
{"_id": "d8d3e0ed6", "title": "", "text": "ENVIRONMENTAL REMEDIATION COSTS Costs associated with environmental remediation obligations are accrued when such costs are probable and reasonably estimable.\nSuch accruals are adjusted as further information develops or circumstances change.\nCosts of future expenditures for environmental remediation obligations are discounted to their present value when the amount and timing of expected cash payments are reliably determinable.\nASSET RETIREMENT OBLIGATIONS In accordance with the provisions of SFAS No.143, Accounting for Asset Retirement Obligations, a liability and an asset are recorded equal to the present value of the estimated costs associated with the retirement of long-lived assets where a legal or contractual obligation exists and the liability can be reasonably estimated.\nThe liability is accreted over time and the asset is depreciated over the life of the related equipment or facility.\nInternational Papers asset retirement obligations under this standard principally relate to closure costs for landfills.\nRevisions to the liability could occur due to changes in the estimated costs or timing of closures, or possible new federal or state regulations affecting these closures (see Note 11).\nTRANSLATION OF FINANCIAL STATEMENTS Balance sheets of international operations are translated into U. S.  dollars at year-end exchange rates, while statements of operations are translated at average rates.\nAdjustments resulting from financial statement translations are included as cumulative translation adjustments in Accumulated other comprehensive income (loss) (OCI).\nSee Note 13 related to derivatives and hedging activities."}
{"_id": "d8ed43324", "title": "", "text": "(a) Revenues from gas sales are subject to a weather normalization clause and a revenue decoupling mechanism, as a result of which, delivery revenues are generally not affected by changes in delivery volumes from levels assumed when rates were approved.\n(b) After adjusting for variations, principally weather and billing days, firm gas sales and transportation volumes in the companys service area increased 3.9 percent in 2016 compared with 2015, reflecting primarily increased volumes attributable to additional customers that have converted from oil-to-gas as heating fuel for their buildings.\n(c) Includes 4,708 thousands and 1,229 thousands of Dt for 2016 and 2015, respectively, which are also reflected in firm transportation and other.\n(d) Other gas operating revenues generally reflect changes in regulatory assets and liabilities in accordance with the companys rate plans.\nSee Note B to the financial statements in Item 8.\nOperating revenues decreased $19 million in 2016 compared with 2015 due primarily to lower gas purchased for resale expense ($18 million"}
{"_id": "d8b0541d4", "title": "", "text": "| December 31, 2015 | Level 1 | Assets: | Trading securities2 | Available-for-sale securities2 | Derivatives4 | Total assets | Liabilities: | Derivatives4 | Total liabilities |"}
{"_id": "d8ce070aa", "title": "", "text": "| 2003 2002 2001 | (in thousands) | Balances at January 1 | Acquisitions | Incurred related to: | Current year | Prior years | Total incurred | Paid related to: | Current year | Prior years | Total paid | Balances at December 31 | 2005 | Amortized Cost | (in thousands) | U.S. Government obligations | Tax exempt municipal securities | Corporate and other securities | Mortgage-backed securities | Redeemable preferred stocks | Debt securities | Non-redeemable preferred stocks | Common stocks | Equity securities | Long-term investment securities |"}
{"_id": "d89365532", "title": "", "text": "| Number of Restricted Stock Weighted Average Grant- Date Fair Value | Unvested restricted stock, December 31, 2005 | Granted | Vested and issued | Forfeited | Unvested restricted stock, December 31, 2006 | Granted | Vested and issued | Forfeited | Unvested restricted stock, December 31, 2007 | Granted | Vested and issued | Forfeited | Unvested restricted stock, December 31, 2008 |"}
{"_id": "d87f8a468", "title": "", "text": "| (in millions) 2014 2013 2012 | Nonoperating income (expense), GAAP basis | Less: Net income (loss) attributableto NCI(1) | Nonoperating income (expense)(2) | Gain related to the Charitable Contribution | Compensation expense related to (appreciation) depreciation on deferred compensation plans | Nonoperating income (expense), asadjusted(2) |"}
{"_id": "d88000c94", "title": "", "text": "1 Our debt obligations are described in Note 5  Debt to our consolidated financial statements.2 Amounts shown include taxes and escalation payments, see Note 13  Commitments and Contingencies to our consolidated financial statements for further discussion on our operating lease obligations.3 Other consists primarily of commitments for unconditional purchase obligations in contracts for information-technology outsourcing and certain enterprise-wide information-technology software licensing and maintenance.\nAs of December 31, 2018, we had $147 million of liabilities for unrecognized tax benefits.\nWe have excluded the liabilities for unrecognized tax benefits from our contractual obligations table because, until formal resolutions are reached, reasonable estimates of the timing of cash settlements with the respective taxing authorities are not practicable.\nAs of December 31, 2018, we have recorded $1,620 million for our redeemable noncontrolling interest in our S&P Dow Jones Indices LLC partnership discussed in Note 9  Equity to our consolidated financial statements.\nSpecifically, this amount relates to the put option under the terms of the operating agreement of S&P Dow Jones Indices LLC, whereby, after December 31, 2017, CME Group and CME Group Index Services LLC (CGIS) has the right at any time to sell, and we are obligated to buy, at least 20% of their share in S&P Dow Jones Indices LLC.\nWe have excluded this amount from our contractual obligations table because we are uncertain as to the timing and the ultimate amount of the potential payment we may be required to make.\nWe make contributions to our pension and postretirement plans in order to satisfy minimum funding requirements as well as additional contributions that we consider appropriate to improve the funded status of our plans.\nDuring 2018, we contributed $9 million and $1 million to our retirement and postretirement plans, respectively.\nExpected employer contributions in 2019 are $46 million and $6 million for our retirement and postretirement plans, respectively.\nIn 2019, we may elect to make additional nonrequired contributions depending on investment performance and the pension plan status.\nSee Note 7  Employee Benefits to our consolidated financial statements for further discussion."}
{"_id": "d817e5916", "title": "", "text": "| December 31, | (In thousands) | Leasehold and tenant improvements | Furniture, fixtures and displays | Buildings | Software | Office equipment | Plant equipment | Land | Construction in progress | Other | Subtotal property and equipment | Accumulated depreciation | Property and equipment, net |"}
{"_id": "d89b24246", "title": "", "text": "| (In millions) Fiscal 2018 Fiscal 2017 Fiscal 2016 | Interest income | Net gain on executive deferred compensation plan assets-1 | Other | Total interest and other income (expense), net |"}
{"_id": "d8e62f6d2", "title": "", "text": "| 2016 2015 | Balance at beginning of year | Acquisition of Hittite (Note 6) (1) | Goodwill adjustment related to other acquisitions -2 | Foreign currency translation adjustment | Balance at end of year |"}
{"_id": "d89c0df0e", "title": "", "text": "| For the Years Ended December 31, | 2014 | (In thousands, except per share data) | Other data: | Cash flows provided by (used in): | Operating activities | Investing activities -2 | Financing activities -2 | Construction expenditures, included ininvesting activities | Dividends paid per common share -3 | Dividends declared per common share -4 |"}
{"_id": "d89629804", "title": "", "text": "| Year ended December 31, | 2018 | (in millions) | Operating results: | Revenues | Benefits and expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments | Related charges | Income (loss) before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d81e687a2", "title": "", "text": "Other Assets Our Company invests in infrastructure programs with our bottlers that are directed at strengthening our bottling system and increasing unit case volume.\nAdditionally, our Company advances payments to certain customers for distribution rights as well as to fund future marketing activities intended to generate profitable volume, and we expense such payments over the periods benefited.\nPayments under these programs are generally capitalized and reported in the line item prepaid expenses and other assets or other assets, as appropriate, in our consolidated balance sheet.\nWhen facts and circumstances indicate that the carrying value of these assets or asset groups may not be recoverable, management assesses the recoverability of the carrying value by preparing estimates of sales volume and the resulting gross profit and cash flows.\nThese estimated future cash flows are consistent with those we use in our internal planning.\nIf the sum of the expected future cash flows (undiscounted and without interest charges) is less than the carrying amount, we recognize an impairment loss.\nThe impairment loss recognized is the amount by which the carrying amount exceeds the fair value.\nDuring the year ended December 31, 2017, the Company recorded an impairment charge of $19 million related to CCR’s other assets.\nRefer to Note 17 of Notes to Consolidated Financial Statements."}
{"_id": "d815f4a3a", "title": "", "text": "| Return Periods (in years) 1 in 20 1 in 50 1 in 100 1 in 250 1 in 500 1 in 1,000 | Exceeding Probability | (Dollars in millions) | Zone/ Peril | Southeast U.S., Wind | California, Earthquake | Texas, Wind |"}
{"_id": "d86c116de", "title": "", "text": "| Net Deferred Financing Costs (In $ millions) | As of December 31, 2011 | Financing costs deferred-1 | Accelerated amortization due to refinancing activity-2 | Amortization | As of December 31, 2012 | Financing costs deferred-3 | Accelerated amortization due to refinancing activity | Amortization | As of December 31, 2013 | Financing costs deferred-4 | Accelerated amortization due to refinancing activity-5 | Amortization | As of December 31, 2014 |"}
{"_id": "d866ce226", "title": "", "text": "| Years Ended | September 25, 2004 | Amount | Product Sales | Mammography | Osteoporosis Assessment | Digital Detectors | Other | $177,936 |"}
{"_id": "d8c747b34", "title": "", "text": "16.\nSHARE-BASED COMPENSATION PLANS The Company has a 2010 Stock Incentive Plan (2010 Employee Plan), a 2009 Non-Employee Director Stock Option and Restricted Stock Plan (2009 Director Plan) and a 2003 Non-Employee Director Equity Compensation Plan (2003 Director Plan).\nUnder the 2010 Employee Plan, 4,000,000 common shares have been authorized to be granted as nonqualified share options, incentive share options, share appreciation rights, restricted share awards or performance share unit awards to officers and key employees of the Company.\nAt December 31, 2017, there were 2,553,473 remaining shares available to be granted under the 2010 Employee Plan.\nThe 2010 Employee Plan replaced a 2002 Employee Plan, which replaced a 1995 Employee Plan; therefore, no further awards will be granted under the 2002 Employee Plan or the 1995 Employee Plan.\nThrough December 31, 2017, only non-qualified share options, restricted share awards and performance share unit awards had been granted under the employee plans.\nUnder the 2009 Director Plan, 37,439 common shares have been authorized to be granted as share options or restricted share awards to non-employee directors of the Company.\nAt December 31, 2017, there were 34,957 remaining shares available to be granted under the 2009 Director Plan.\nThe 2009 Director Plan replaced a 1995 Director Plan, which expired.\nUnder the 2003 Director Plan, 500,000 common shares have been authorized to be granted as share options or share awards to non-employee directors of the Company.\nAt December 31, 2017 there were 346,714 remaining shares available to be granted under the 2003 Director Plan."}
{"_id": "d8cbe8bc0", "title": "", "text": "contracts traded on our exchanges.\nIn 2016, approximately 70.5% of our operating revenues were generated by transaction fee revenues.\nOur principal executive offices are located at 400 South LaSalle Street, Chicago, Illinois 60605, and our telephone number is (312) 786-5600.\nOur web site is www.\ncboe.\ncom.\nInformation contained on or linked through our web site is not incorporated by reference into this Annual Report on Form 10-K.  History CBOE was founded in 1973 as a non-stock corporation owned by its members.\nCBOE was the first organized marketplace for the trading of standardized, exchange-traded options on equity securities.\nIn 2004, CFE began operations as a futures exchange.\nCBOE Holdings was incorporated in the State of Delaware on August 15, 2006.\nIn June 2010, CBOE demutualized, CBOE, CFE and C2 became wholly-\n2010.\nOn November 1, 2010, we redeemed all $400 million of our outstanding 6.65% notes due January 15, 2011.\nThe redemption resulted in a $5 million early extinguishment charge.\nReceivables Securitization Facility  At December 31, 2010, we have recorded $100 million as secured debt under our receivables securitization facility.\n(See further discussion of our receivables securitization facility in Note 10. )15.\nVariable Interest Entities We have entered into various lease transactions in which the structure of the leases contain variable interest entities (VIEs).\nThese VIEs were created solely for the purpose of doing lease transactions (principally involving railroad equipment and facilities) and have no other activities, assets or liabilities outside of the lease transactions.\nWithin these lease arrangements, we have the right to purchase some or all of the assets at fixed prices.\nDepending on market conditions, fixed-price purchase options available in the leases could potentially provide benefits to us; however, these benefits are not expected to be significant.\nWe maintain and operate the assets based on contractual obligations within the lease arrangements, which set specific guidelines consistent within the railroad industry.\nAs such, we have no control over activities that could materially impact the fair value of the leased assets.\nWe do not hold the power to direct the activities of the VIEs and, therefore, do not control the ongoing activities that have a significant impact on the economic performance of the VIEs"}
{"_id": "d89e8cea6", "title": "", "text": "The Company endeavors to actively engage with every insured account posing significant potential asbestos exposure to Mt.\nMcKinley.\nSuch engagement can take the form of pursuing a final settlement, negotiation, litigation, or the monitoring of claim activity under Settlement in Place (\nSIP\n) agreements.\nSIP agreements generally condition an insurer’s payment upon the actual claim experience of the insured and may have annual payment caps or other measures to control the insurer’s payments.\nThe Company’s Mt.\nMcKinley operation is currently managing four SIP agreements, one of which was executed prior to the acquisition of Mt.\nMcKinley in 2000.\nThe Company’s preference with respect to coverage settlements is to execute settlements that call for a fixed schedule of payments, because such settlements eliminate future uncertainty.\nThe Company has significantly enhanced its classification of insureds by exposure characteristics over time, as well as its analysis by insured for those it considers to be more exposed or active.\nThose insureds identified as relatively less exposed or active are subject to less rigorous, but still active management, with an emphasis on monitoring those characteristics, which may indicate an increasing exposure or levels of activity.\nThe Company continually focuses on further enhancement of the detailed estimation processes used to evaluate potential exposure of policyholders.\nEverest Re’s book of assumed A&E reinsurance is relatively concentrated within a limited number of contracts and for a limited period, from 1974 to 1984.\nBecause the book of business is relatively concentrated and the Company has been managing the A&E exposures for many years, its claim staff is familiar with the ceding companies that have generated most of these liabilities in the past and which are therefore most likely to generate future liabilities.\nThe Company’s claim staff has developed familiarity both with the nature of the business written by its ceding companies and the claims handling and reserving practices of those companies.\nThis level of familiarity enhances the quality of the Company’s analysis of its exposure through those companies.\nAs a result, the Company believes that it can identify those claims on which it has unusual exposure, such as non-products asbestos claims, for concentrated attention.\nHowever, in setting reserves for its reinsurance liabilities, the Company relies on claims data supplied, both formally and informally by its ceding companies and brokers.\nThis furnished information is not always timely or accurate and can impact the accuracy and timeliness of the Company’s ultimate loss projections."}
{"_id": "d8a30213e", "title": "", "text": "| 2015 2014 2013 | Water | Residential | Commercial | Industrial | Public & other | Total |"}
{"_id": "d870d5f1c", "title": "", "text": "| 2005 2004(Restated) | (Dollars in millions) | Residential mortgage | Credit card | Home equity lines | Direct/Indirect consumer | Other consumer | Total consumer | Table 25 | December 31 | Outstandings-1 | (Dollars in millions) | California | Florida | New York | Texas | Virginia | Other U.S./Non-U.S. | Residential mortgage loans-2 | Fully-insured loan portfolio | Countrywide purchased credit-impaired residential mortgage loan portfolio | Total residential mortgage loan portfolio |"}
{"_id": "d869d0744", "title": "", "text": "| At December 31, | (Dollar amounts in thousands) | Derivative assets: | Interest rate lock agreements | Forward trades and options | Total derivative assets | Derivative liabilities: | Interest rate lock agreements | Forward trades and options | Total derivative liabilities | Net derivative asset (liability) |"}
{"_id": "d8c28aa2e", "title": "", "text": "| Commitment Expiration By Period | Total Commitment | Standby letters of credit(a) | Surety bonds | Third-party Guarantees | Total commitments |"}
{"_id": "d8c7c046c", "title": "", "text": "| December 31, 2008 | Gross Derivative Assets | (Dollars in billions) | Interest rate contracts | Swaps | Futures and forwards | Written options | Purchased options | Foreign exchange contracts | Swaps | Spot, futures and forwards | Written options | Purchased options | Equity contracts | Swaps | Futures and forwards | Written options | Purchased options | Commodity contracts | Swaps | Futures and forwards | Written options | Purchased options | Credit derivatives | Purchased credit derivatives: | Credit default swaps | Total return swaps | Written credit derivatives: | Credit default swaps | Total return swaps | Gross derivative assets/liabilities | Less: Legally enforceable master netting agreements | Less: Cash collateral applied | Total derivative assets/liabilities |"}
{"_id": "d8d1db064", "title": "", "text": "Revisions to Earnings per Share Calculation.\nIn June 2008, the FASB revised the authoritative guidance for earnings per share for determining whether instruments granted in share-based payment transactions are participating securities.\nThis new guidance requires unvested share-based payment awards that contain nonforfeitable rights to dividends be considered as a separate class of common stock and included in the earnings per share calculation using the two-class method.\nThe Companys restricted share awards meet this definition and are therefore included in the basic earnings per share calculation."}
{"_id": "d8c0cb1a2", "title": "", "text": "Noble Energy, Inc.  Index to Financial Statements Notes to Consolidated Financial Statements 112 Note 4.\nNoble Midstream Partners LP Noble Midstream Partners LP In December 2014, we formed Noble Midstream Partners LP, a growth-oriented Delaware master limited partnership, to own, operate, develop and acquire a wide range of domestic midstream infrastructure assets.\nNoble Midstream Partners' current areas of focus are in the DJ Basin in Colorado and in the Delaware Basin within the Permian Basin in Texas.\nInitial Public Offering of Noble Midstream Partners LP On September 15, 2016, Noble Midstream Partners common units began trading on the New York Stock Exchange under the symbol \"NBLX. \"\nOn September 20, 2016, Noble Midstream Partners completed its public offering of 14,375,000 common units representing limited partner interests in Noble Midstream Partners, which included 1,875,000 common units issued pursuant to the underwriters’ exercise of their option to purchase additional common units, at a price to the public of $22.50 per common unit ($21.21 per common unit, net of underwriting discounts).\nIn exchange for the contributed assets, Noble Energy received: ?1,527,584 common units, representing a 4.8% limited partner interest in Noble Midstream Partners; ?15,902,584 subordinated units, representing an approximate 50.0% limited partner interest in Noble Midstream Partners; ?\nincentive distribution rights in Noble Midstream Partners; and ?\nthe right to receive a cash distribution from Noble Midstream Partners.\nIn addition and concurrent with the closing of the offering, the General Partner retained a non-economic general partnership interest in Noble Midstream Partners, which is not entitled to receive cash distributions.\nNoble Midstream Partners generated net proceeds of $299 million from the issuance of common units to the public, after deducting the underwriting discount, structuring fees and estimated offering expenses of $24 million.\nNote 5.\nAsset Impairments Pre-tax (non-cash) asset impairment charges were as follows:"}
{"_id": "d8623cff0", "title": "", "text": "Accounts Receivable Trade Receivables The Company distributes its products through third-party cellular network carriers, wholesalers, retailers and value-added resellers and directly to certain education, consumer and enterprise customers.\nThe Company generally does not require collateral from its customers; however, the Company will require collateral in certain instances to limit credit risk.\nIn addition, when possible, the Company attempts to limit credit risk on trade receivables with credit insurance for certain customers in Latin America, Europe, Asia, and Australia, or by requiring third-party financing, loans or leases to support credit exposure.\nThese credit-financing arrangements are directly between the third-party financing company and the end customer.\nAs such, the Company generally does not assume any recourse or credit risk sharing related to any of these arrangements.\nHowever, considerable trade receivables not covered by collateral, third-party financing arrangements, or credit insurance are outstanding with the Company’s third-party cellular network carriers, wholesalers, retailers and value-added resellers.\nTrade receivables from two of the Company’s customers accounted for 15% and 12% of trade receivables as of September 25, 2010 and one of the Company’s customers accounted for 16% of trade receivables as of September 26, 2009.\nThe Company’s cellular network carriers accounted for 64% and 51% of trade receivables as of September 25, 2010 and as of September 26, 2009, respectively.\nThe additions and write-offs to the Company’s allowance for doubtful accounts during 2010, 2009 and 2008 were not significant.\nVendor Non-Trade Receivables The Company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the Company.\nThe Company purchases these components directly from suppliers.\nVendor non-trade receivables from two of the Company’s vendors accounted for 57% and 24%, respectively, of non-trade receivables as of September 25, 2010 and two of the Company’s vendors accounted for 40% and 36%, respectively, of non-trade receivables as of September 26, 2009.\nThe Company does not reflect the sale of these components in net sales and does not recognize any profits on these sales until the related products are sold by the Company, at which time any profit is recognized as a reduction of cost of sales."}
{"_id": "d86a50656", "title": "", "text": "| 2009 | Amortized Cost | (in millions) | Fixed maturities, available for sale | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds-4 | Corporate securities-4 | Asset-backed securities-1 | Commercial mortgage-backed securities | Residential mortgage-backed securities-2 | Total fixed maturities, available for sale | Equity securities, available for sale |"}
{"_id": "d8b15be10", "title": "", "text": "| MaximumPotentialPayments EstimatedProceeds fromCollateral/Recourse CarryingAmount ofLiabilities | December 31, | Contingent repurchase commitments | Indemnifications to ULA: | Contributed Delta program launch inventory | Contract pricing | Other Delta contracts | Credit guarantees |"}
{"_id": "d8bff2550", "title": "", "text": "| 2013 2012 | (in millions) | Commercial mortgage loan commitments | Consumer mortgage loan commitments | Consumer lines of credit | Affordable housing partnerships | Total funding commitments |"}
{"_id": "d8a266d42", "title": "", "text": "| 2019 2018 | First quarter | Second quarter | Third quarter | Fourth quarter | Total |"}
{"_id": "d8e0832ce", "title": "", "text": "| In millions 2005 2004 2003 | Sales | Operating Profit |"}
{"_id": "d8271c772", "title": "", "text": "| 2005 2006 2007 2008 2009 | Non-Utility Nuclear: | Percent of planned generation sold forward: | Unit-contingent | Unit-contingent with availability guarantees | Firm liquidated damages | Total | Planned generation (TWh) | Average contracted price per MWh |"}
{"_id": "d893a23e2", "title": "", "text": "UNITED PARCEL SERVICE, INC.  AND SUBSIDIARIES MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 37 Other Expenses 2012 compared to 2011 Adjusted other expenses increased in 2012 compared with 2011, primarily due to an increase in transportation equipment rentals, bad debt expense and auto liability insurance, as well as expenses incurred in 2012 related to the proposed TNT Express N. V.  acquisition.\nThese increases were partially offset by a reduction in employee relocation expenses and a decline in package claims expense.\nAdditionally, 2012 adjusted other expenses were reduced by a $9 million gain on the sale of a distribution facility in our Supply Chain & Freight segment.2011 compared to 2010 The increase in adjusted other expenses in 2011 compared with 2010 was caused by several factors, including foreign currency remeasurement losses, advertising costs, employee expense reimbursements, equipment rentals, air cargo handling costs and data processing fees.\nThese increases were partially offset by a reduction in bad debt and employee relocation expenses."}
{"_id": "d88de6f34", "title": "", "text": "Improvements of leased properties are amortized over the shorter of the life of the applicable lease term or the estimated useful life of the asset.\nHEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES Notes to Consolidated Financial Statements (Continued) Note 1: Overview and Summary of Significant Accounting Policies (Continued) Loss Contingencies The Company is involved in various lawsuits, claims, investigations, and proceedings that arise in the ordinary course of business.\nThe Company records a liability for contingencies when it believes it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated.\nSee Note 18, ‘‘Litigation and Contingencies’’, for a full description of the Company’s loss contingencies.\nRecent Tax Legislation On December 22, 2017, the Tax Cuts and Jobs Act (the ‘‘Tax Act’’) was enacted into law.\nThe Tax Act includes significant changes to the U. S.  corporate income tax structure, including a federal corporate rate reduction from 35% to 21% effective January 1, 2018, limitations on the deductibility of interest expense and executive compensation, creation of new minimum taxes such as the Base Erosion Anti-abuse Tax (‘‘BEAT’’) and the Global Intangible Low Taxed Income (‘‘GILTI’’) tax and the transition of U. S.  international taxation from a worldwide tax system to a modified territorial tax system, which resulted in a one-time U. S.  tax liability on those earnings which have not previously been repatriated to the U. S.  (the ‘‘Transition Tax’).\nIn December 2017, the U. S.  Securities and Exchange Commission (‘‘SEC’’) issued Staff Accounting Bulletin No.118, Income Tax Accounting Implications of the Tax Cuts and Jobs Act (‘‘SAB 118’’), which allowed the Company to record provisional amounts during a measurement period not to extend beyond one year of the enactment date, which for the Company ended in the first quarter of fiscal 2019.\nIn accordance with SAB 118, the accounting for the tax effects of the Tax Act was completed based on currently available legislative updates relating to the Tax Act.\nThe Company has elected to treat taxes due on future GILTI inclusions in U. S.  taxable income as a current period expense when incurred.\nFor further details, see Note 8, ‘‘Taxes on Earnings’’.\nRecently Adopted Accounting Pronouncements In March 2017, the Financial Accounting Standards Board (‘‘FASB’’) amended the existing accounting standards for retirement benefits.\nThe amendments require the presentation of the service cost component of net periodic benefit cost in the same income statement line items as other employee compensation costs, unless eligible for capitalization.\nThe other components of net periodic benefit costs will be presented separately from the service cost as non-operating costs.\nEffective at the beginning of the first quarter of fiscal 2019, in connection with the adoption of the accounting standards update for retirement benefits, the Company reflected these changes retrospectively by transferring its non-service net periodic benefit credit (cost) from operating expense to other (income) and expense in its Consolidated Statements of Earnings.\nThe net periodic benefit credit (cost) transferred to other (income) and expense for the fiscal years ended October 31, 2018 and 2017, was as follows.\nRefer to Note 6, ‘‘Retirement and Post-Retirement Benefit Plans’’ for additional information."}
{"_id": "d8de2232c", "title": "", "text": "| Years ended December 31, | 2008 | AmerisourceBergen Corporation | Gross product sales | % of total gross revenues | % of U.S. gross product sales | McKesson Corporation | Gross product sales | % of total gross revenues | % of U.S. gross product sales | Cardinal Health, Inc. | Gross product sales | % of total gross revenues | % of U.S. gross product sales | Year Ended December | $ in millions | Interest rate hedges | Hedged borrowings and bank deposits | Hedge ineffectiveness |"}
{"_id": "d8d0596f0", "title": "", "text": "| Years Ended December 31, | 2016 | Direct premiums | Reinsurance ceded | Net premiums |"}
{"_id": "d81252148", "title": "", "text": "| Year Ended December 31, Variance 2012 vs. 2011 | 2012 | Net operating interest income | Commissions | Fees and service charges | Principal transactions | Gains on loans and securities, net | Net impairment | Other revenues | Total non-interest income | Total net revenue | Year Ended December 31, 2012 | Other-than-temporary impairment (“OTTI”) | Less: noncredit portion of OTTI recognized into (out of) other comprehensive income (loss) (before tax) | Net impairment | December 31, | 2013 | Shareholders’ equity | Deduct: | Losses in other comprehensive income on available-for-sale debt securities and cash flow hedges, net of tax | Goodwill and other intangible assets, net of deferred tax liabilities | Subtotal | Deduct: | Disallowed servicing assets and deferred tax assets | Tier 1 common | Total risk-weighted assets | Tier 1 common ratio (Tier 1 common / Total risk-weighted assets) |"}
{"_id": "d8e11c258", "title": "", "text": "Other Federal, State and Local Environmental Provisions Toxic Substances Control Act Virtually all electric utilities, including CECONY, own equipment containing PCBs.\nPCBs are regulated under the Federal Toxic Substances Control Act of 1976.\nWater Quality Certain governmental authorities are investigating contamination in the Hudson River and the New York Harbor.\nThese waters run through portions of CECONYs service area.\nGovernmental authorities could require entities that released hazardous substances that contaminated these waters to bear the cost of investigation and remediation, which could be substantial.\nAir Quality Under new source review regulations, an owner of a large generating facility, including CECONYs steam and steamelectric generating facilities, is required to obtain a permit before making modifications to the facility, other than routine maintenance, repair, or replacement, that increase emissions of pollutants from the facility above specified thresholds.\nTo obtain a permit, the facility owner could be required to install additional pollution controls or otherwise limit emissions from the facility.\nThe company reviews on an on-going basis its planned modifications to its generating facilities to determine the potential applicability of new source review and similar regulations.\nIn July 2010, revised New York State nitrogen oxides reasonably available control technology regulations became effective.\nThe EPA is expected to adopt regulations in February 2011 establishing maximum achievable control technology standards for industrial boilers.\nThe regulations apply to major air emissions sources, including CECONYs generating facilities.\nCECONY anticipates that additional regulations will be adopted requiring further reductions in air emissions.\nCECONYs plans to comply with the regulations include the modification by 2014 of certain of\nCECONY"}
{"_id": "d81b36304", "title": "", "text": "| (in millions) First Quarter Second Quarter Third Quarter Fourth Quarter Total | 2017 | Costs to Achieve Piedmont Merger (see Note 2) | Impacts of the Tax Act (see Note 22) | Total | 2016 | Costs to Achieve Mergers | Cost Savings Initiatives (see Note 19) | Total |"}
{"_id": "d8f38c0be", "title": "", "text": "| Country Number of Owned Sites  (approx) Coverage Area | United States | Mexico | Brazil | India |"}
{"_id": "d88f7ba2a", "title": "", "text": "| Criticized Commercial Loans | In millions | December 31, 2015 | Commercial | Commercial real estate | Equipment lease financing | Purchased impaired loans | Total commercial lending | December 31, 2014 | Commercial | Commercial real estate | Equipment lease financing | Purchased impaired loans | Total commercial lending |"}
{"_id": "d8acf02b8", "title": "", "text": "The fair value of NSP-Minnesota assets legally restricted, for purposes of settling the nuclear ARO is $1.1 billion as of Dec.  31, 2008, including external nuclear decommissioning investment funds and internally funded amounts.\nA new decommissioning study filed with the MPUC in 2008 proposed extension of the final removal date of the Monticello and Prairie Island nuclear plants by 14 and 26 years, respectively, effective Jan.  1, 2009.\nAs a result of the studies for the Monticello and Prairie Island nuclear plants, the nuclear production decommissioning ARO and related regulatory asset decreased by $128.5 million and $139.3 million, respectively, in the fourth quarter of 2008.\nRevisions to prior estimates were made for asbestos, ash ponds, gas distribution and electric transmission and distribution asset retirement obligations due to revised estimates and end of life dates."}
{"_id": "d8f0f2998", "title": "", "text": "| Years Ended December 31, | 2012 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Income from continuing operations before income tax provision | Income tax provision | Income from continuing operations | Loss from discontinued operations, net of tax | Net income | Less: Net loss attributable to noncontrolling interests | Net income attributable to Ameriprise Financial |"}
{"_id": "d895e2cce", "title": "", "text": "| Qualified Pension Nonqualified Pension Postretirement Benefits | December 31 (Measurement Date) – in millions | Accumulated benefit obligation at end of year | Projected benefit obligation at beginning of year | National City acquisition | RBC Bank (USA) acquisition | Service cost | Interest cost | Actuarial (gains)/losses and changes in assumptions | Participant contributions | Federal Medicare subsidy on benefits paid | Early Retirement Reinsurance Program payments received | Benefits paid | Projected benefit obligation at end of year | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contribution | Participant contributions | Federal Medicare subsidy on benefits paid | Benefits paid | Fair value of plan assets at end of year | Funded status | Amounts recognized on the consolidated balance sheet | Current liability | Noncurrent liability | Liabilities recognized on the consolidated balance sheet | Amounts recognized in accumulated other comprehensive income consist of: | Prior service cost (credit) | Net actuarial loss | Amount recognized in AOCI |"}
{"_id": "d8f5d5a8c", "title": "", "text": "Risk monitoring and control Limits Market risk is controlled primarily through a series of limits.\nLimits reflect the Firms risk appetite in the context of the market environment and business strategy.\nIn setting limits, the Firm takes into consideration factors such as senior management risk appetite, market volatility, product liquidity, accommodation of client business and management experience.\nMarket risk management regularly reviews and updates risk limits.\nSenior management, including the Firms Chief Executive Officer and Chief Risk Officer, is responsible for reviewing and approving cetain risk limits on an ongoing basis.\nThe Firm maintains different levels of limits.\nCorporate-level limits include VaR and stress limits.\nSimilarly, line-of-business limits include VaR and stress limits and may be supplemented by loss advisories, nonstatistical measurements and profit and loss drawdowns.\nBusinesses are responsible for adhering to established limits, against which exposures are monitored and reported.\nLimit breaches are reported in a timely manner to senior management, and the affected line-of-business is required to reduce trading positions or consult with senior management on the appropriate action."}
{"_id": "d8880b592", "title": "", "text": "| Change | Years Ended June 30, | 2009 | ($ in millions) | Investor Communication Solutions | Securities Processing Solutions | Clearing and Outsourcing Solutions | Other | Foreign currency exchange | Total Net revenues |"}
{"_id": "d8ad0b478", "title": "", "text": "Legal We are party to a number of claims and lawsuits incidental to our business.\nIn our opinion, the liabilities, if any, which may ultimately result from the outcome of such matters, individually or in the aggregate, are not expected to have a material adverse impact on our financial position, liquidity or results of operations.\nOperating Taxes We define operating taxes as taxes that are unrelated to income taxes, such as sales, property, value-add and other business taxes.\nDuring the course of operations, we must interpret the meaning of various operating tax matters in the United States and in the foreign jurisdictions in which we do business.\nTaxing authorities in those various jurisdictions may arrive at different interpretations of applicable tax laws and regulations as they relate to such operating tax matters, which could result in the payment of additional taxes in those jurisdictions.\nAs of May 31, 2013 and 2012, we did not have liabilities for contingencies related to operating tax items based on management’s best estimate given our history with similar matters and interpretations of current laws and regulations.\nBIN/ICA Agreements We have entered into sponsorship or depository and processing agreements with certain banks.\nThese agreements allow us to use the banks’ identification numbers, referred to as Bank Identification Number (“BIN”) for Visa transactions and Interbank Card Association (“ICA”) number for MasterCard transactions, to clear credit card transactions through Visa and MasterCard.\nCertain of such agreements contain financial covenants, and we were in compliance with all such covenants as of May 31, 2013.\nOur Canadian Visa sponsorship, which was originally obtained through a Canadian financial institution, expired in March 2011.\nWe have filed an application with the Office of the Superintendent of Financial Institutions Canada (“OSFI”) for the formation of a wholly owned loan company in Canada which would serve as our financial institution sponsor.\nOn December 12, 2012, the loan company received a restricted Order to Commence and Carry on Business from OSFI which will enable the loan company to become a direct Visa member at such time that Global Payments concludes the appropriate BIN transfer process with Visa.\nIn March 2011, we obtained temporary direct participation in the Visa Canada system, while the loan company application was pending.\nWe anticipate that the BIN transfer process with Visa will be completed by September 30, 2013.\nForeign currencies — We have significant operations in a number of foreign subsidiaries whose functional currency is the local currency.\nThe assets and liabilities of subsidiaries whose functional currency is a foreign currency are translated into the reporting currency at the period-end rate of exchange.\nIncome statement items are translated at the weighted-average rates prevailing during the period.\nThe resulting translation adjustment is recorded as a component of other comprehensive income and is included in accumulated comprehensive income within equity in our consolidated balance sheets.\nGains and losses on transactions denominated in currencies other than the functional currency are generally included in determining net income for the period.\nFor the years ended December 31, 2018 and 2017, the 2016 fiscal transition period and the year ended May 31, 2016, our transaction gains and losses were insignificant.\nTransaction gains and losses on intercompany balances of a long-term investment nature are recorded as a component of other comprehensive income and included in accumulated comprehensive income within equity in our consolidated balance sheets.\nEarnings per share — Basic earnings per share (“EPS”) is computed by dividing reported net income attributable to Global Payments by the weighted-average number of shares outstanding during the period.\nEarnings available to common shareholders is the same as reported net income attributable to Global Payments for all periods presented.\nDiluted EPS is computed by dividing net income attributable to Global Payments by the weighted-average number of shares outstanding during the period, including the effect of share-based awards that would have a dilutive effect on earnings per share.\nAll stock options with an exercise price lower than the average market share price of our common stock for the period are assumed to have a dilutive effect on EPS.\nThere were no stock options that would have an antidilutive effect on the computation of diluted EPS for the years ended December 31, 2018 and 2017, the 2016 fiscal transition period or for the year ended May 31, 2016.\nThe following table sets forth the computation of the diluted weighted-average number of shares outstanding for all periods presented:"}
{"_id": "d8a31255c", "title": "", "text": "| Fiscal Years Operating Leases | 2020 | 2021 | 2022 | 2023 | 2024 | Later Years | Total |"}
{"_id": "d8ae49ad8", "title": "", "text": "1 In addition to the facilities included in the table above, we operate 21 recrushed concrete plants which are not dependent on reserves.2 The regions are defined by states as follows: Central region – Illinois, central Kentucky and Tennessee; East region – Delaware, central Georgia, Maryland, North Carolina, Pennsylvania, South Carolina, Virginia and Washington D. C. ; South region – Alabama, Arkansas, Florida, south Georgia, western Kentucky, Louisiana, Mississippi, Oklahoma, Texas, the Bahamas and Mexico; and West region – Arizona, California and New Mexico.3 Includes a maximum of 387.5 million tons of reserves encumbered by volumetric production payments as defined in Note 1 \"Summary of Significant Accounting Policies\" caption “Deferred Revenue” to the consolidated financial statements in Item 8 \"Financial Statements and Supplementary Data. \"\nOf the 15.8 billion tons of aggregates reserves at December 31, 2014, 8.8 billion tons or 56% are located on owned land and 7.0 billion tons or 44% are located on leased land."}
{"_id": "d8c397df4", "title": "", "text": "LIQUIDITY AND CAPITAL RESOURCES Overview A major factor in International Papers liquidity and capital resource planning is its generation of operating cash flow, which is highly sensitive to changes in the pricing and demand for our major products.\nWhile changes in key cash operating costs, such as energy, raw material and transportation costs, do have an effect on operating cash generation, we believe that our strong focus on cost controls has improved our cash flow generation over an operating cycle.\nAs part of our continuing focus on improving our return on investment, we have focused our capital spending on improving our key paper and packaging businesses both globally and in North America.\nFinancing activities in 2007 continued the focus on the Transformation Plan objectives of returning value to shareholders through additional repurchases of common stock and strengthening the balance sheet through further reductions of debt.\nManagement believes it is important for International Paper to maintain an investment-grade credit rating to facilitate access to capital markets on favorable terms.\nAt December 31, 2007, the Company held long-term credit ratings of BBB (stable outlook) and Baa3 (stable outlook) by Standard & Poors (S&P) and Moodys Investor Services (Moodys), respectively.\nCash Provided by Operations Cash provided by continuing operations totaled $1.9 billion, compared with $1.0 billion for 2006 and $1.2 billion for 2005.\nThe 2006 amount is net of a $1.0 billion voluntary cash pension plan contribution made in the fourth quarter of 2006.\nThe major components of cash provided by continuing operations are earnings from continuing operations adjusted for non-cash income and expense items and changes in working capital.\nEarnings from continuing operations, adjusted for non-cash items and excluding the pension contribution in 2006, increased by $123 million in 2007 versus 2006.\nThis compared with an increase of $584 million for 2006 over 2005.  International Papers investments in accounts receivable and inventory less accounts payable and accrued liabilities, totaled $1.7 billion at December 31, 2007.\nCash used for these working capital components increased by $539 million in 2007, compared with a $354 million increase in 2006 and a $558 million increase in 2005.\nInvestment Activities Investment activities in 2007 included the receipt of $1.7 billion of additional cash proceeds from divestitures, and the use of $239 million for acquisitions and $578 million for an investment in a 50% equity interest in Ilim Holding S. A.  in Russia.\nCapital spending from continuing operations was $1.3 billion in 2007, or 119% of depreciation and amortization, comparable to $1.0 billion, or 87% of depreciation and amortization in 2006, and $992 million, or 78% of depreciation and amortization in 2005.\nThe increase in 2007 reflects spending for the conversion of the Pensacola paper machine to the production of linerboard, a fluff pulp project at our Riegelwood mill, and a specialty pulp production project at our Svetogorsk mill in Russia, all of which were part of the Companys Transformation Plan."}
{"_id": "d8f529b24", "title": "", "text": "| Sales Price | High | Fiscal 2010 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Fiscal 2009 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d8b5f3e32", "title": "", "text": "| Year Ended December 31, | Assumptions | Risk-free interest rate | Expected life in years | Expected volatility | Expected dividend yield | Estimated fair value of options granted per share |"}
{"_id": "d8d039030", "title": "", "text": "| 2015 2014 | Net sales | Net earnings | Basic earnings per common share | Diluted earnings per common share |"}
{"_id": "d86d88d50", "title": "", "text": "| 2017 2016 2015 | Expected long-term rate of return on plan assets | Actual rate of return on plan assets |"}
{"_id": "d8b5dcbec", "title": "", "text": "| Fiscal Years Ending March 31, Operating Leases (in $000s) | 2019 | 2020 | 2021 | 2022 | 2023 | Thereafter | Total minimum lease payments |"}
{"_id": "d86c3bcae", "title": "", "text": "| Con Edison CECONY | Weighted Average Grant Date Fair Value (a) | Units | Non-vested at December 31, 2014 | Granted | Vested | Forfeited | Non-vested at December 31, 2015 |"}
{"_id": "d8ec205f0", "title": "", "text": "(1) In 2005, $51 million in Interest Income was estimated to be contractually due on nonperforming commercial loans and leases classified as nonperforming at December 31, 2005, including troubled debt restructured loans of which $31 million were performing at December 31, 2005 and not included in the table above.\nApproximately $15 million of the estimated $51 million in contractual interest was received and included in net income for 2005.\n(2) Primarily related to international securities held in the AFS portfolio.\n(3) Balances do not include $45 million, $123 million, $186 million, $73 million, and $289 million of nonperforming commercial assets, primarily commercial loans held-for-sale, included in Other Assets at December 31, 2005, 2004, 2003, 2002, and 2001, respectively."}
{"_id": "d876af708", "title": "", "text": "| 2008 2007 | Beginning balance | Additions for tax positions of prior periods | Additions for tax positions of the current period | Reductions for tax positions of prior years for: | Settlements with taxing authorities during the period | Lapse of applicable statute of limitations | Ending balance |"}
{"_id": "d8afbddd8", "title": "", "text": "Any change in the fair value of foreign currency exchange forward contracts as a result of a fluctuation in a currency exchange rate is expected to be largely offset by a change in the value of the hedged transaction.\nConsequently, foreign currency exchange contracts would not subject us to material risk due to exchange rate movements because gains and losses on these contracts offset gains and losses on the assets, liabilities and transactions being hedged.\nWe have net assets in legal entities with non-U.\nS.  Dollar functional currencies of $2,295.6 million at December 31, 2013, primarily in Euros, Japanese Yen and Australian Dollars.\n$1,354.3 million of the net asset exposure at December 31, 2013 relates to goodwill recorded in the Europe and Asia Pacific geographic segments.\nWe enter into foreign currency forward exchange contracts with terms of one month to manage currency exposures for monetary assets and liabilities denominated in a currency other than an entitys functional currency.\nAs a result, foreign currency remeasurement gains/losses recognized in earnings are generally offset with gains/losses on the foreign currency forward exchange contracts in the same reporting period."}
{"_id": "d888523c0", "title": "", "text": "| Period(a) Total Number of Shares Purchased Average Price Paid Per Share Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs(b) Amount Available for Future Share Repurchases Under the Plans or Programs(b)(in millions) | September 29, 2014 – October 26, 2014 | October 27, 2014 – November 30, 2014 | December 1, 2014 – December 31, 2014 | Total |"}
{"_id": "d879f6470", "title": "", "text": "| December 31, 2009 December 31, 2008 | Industry | (in millions) | Corporate Securities: | Manufacturing | Utilities | Finance | Services | Energy | Transportation | Retail and Wholesale | Other | First to Default Baskets-1 | Total Credit Derivatives |"}
{"_id": "d8c182e2e", "title": "", "text": "| December 31, | 2009 | (in millions) | Available-for-Sale securities, at fair value | Commercial mortgage loans, net | Trading securities | Policy loans | Other investments | Total |"}
{"_id": "d862c3eec", "title": "", "text": "| Twelve Months Ended December 31, Change | 2018 vs. 2017 | International | (In millions) | Operating revenue: | Asia Pacific | Europe | Latin America | Canada | Total operating revenue | % of consolidated revenue | Total operating income | Operating margin |"}
{"_id": "d8ae06148", "title": "", "text": "(1) Unproved oil and gas properties includes $304 million and $327 million at December 31, 2010 and 2009, respectively, remaining from the allocation of costs to unproved properties acquired in previous acquisitions.\n(2) Proved oil and gas properties include asset retirement costs of $208 million and $176 million at December 31, 2010 and 2009, respectively.\nStandardized Measure of Discounted Future Net Cash Flows Relating to Proved Oil and Gas Reserves (Unaudited) The following information is based on our best estimate of the required data for the Standardized Measure of Discounted Future Net Cash Flows in accordance with US GAAP for extractive activities.\nThe standards require the use of a 10% discount rate.\nThis information is not the fair value nor does it represent the expected present value of future cash flows of our proved oil and gas reserves."}
{"_id": "d89151c00", "title": "", "text": "| Years Ended December 31 2015 2014 2013 | Total intrinsic value of stock options exercised | Fair value of stock options vested | Cash received from the exercise of stock options |"}
{"_id": "d8174df58", "title": "", "text": "| Sales Volumes Average Sales Price ProductionCost-1 Per BOE | Crude Oil MBpd | Year Ended December 31, 2009 | United States | Wattenberg Field | Other US | Total US-2 | Alba Field (Equatorial Guinea)(3) | Israel | North Sea | Ecuador | China | Total Consolidated Operations | Equity Investee-4 | Total | Year Ended December 31, 2008 | United States | Wattenberg Field | Other US | Total US-2 | Alba Field (Equatorial Guinea)(3) | Israel | North Sea | Ecuador | China | Total Consolidated Operations | Equity Investee-4 | Total | Year Ended December 31, 2007 | United States | Wattenberg Field | Other US | Total US-2 | Alba Field (Equatorial Guinea)(3) | Israel | North Sea | Ecuador | China | Argentina-5 | Total Consolidated Operations | Equity Investee-4 | Total |"}
{"_id": "d876af74e", "title": "", "text": "(9) LONG-TERM DEBT On July 7, 2008, the Company entered into a new $1.1 billion unsecured credit facility with JPMorgan Chase Bank, N. A. , as administrative agent, and a syndicate of lenders, which replaces its $1.355 billion amended and restated secured credit facility, dated as of December 13, 2004.\nTh e $1.1 billion facility is composed of a $350.0 million term loan facility maturing July 7, 2010 and a fi ve year $750.0 million revolving credit facility maturing July 7, 2013.\nTh e Company may also, subject to compliance with specifi ed conditions, request additional term loans or revolving credit commitments in an aggregate amount not to exceed $350.0 million.\nOn August 6, 2008, we issued $500 million aggregate principal amount of 6.625% senior notes due August 15, 2013 (the Notes).\nTh e Notes bear interest at a fi xed rate of 6.625% per year, payable semi-annually in arrears on February 15 and August 15 of each year, beginning February 15, 2009.\nTh e interest payable on the Notes is subject to adjustment if either Moodys Investors Service or Standard & Poors Ratings Services downgrades the rating assigned to the Notes.\nWe may redeem some or all of the Notes at any time or from time to time, at 100% of their principal amount plus a make-whole premium based on a spread to U. S.  Treasury securities as described in the indenture relating to the Notes."}
{"_id": "d814f5850", "title": "", "text": "| Average for theYear Ended December | $ in billions | Alternative investments | Equity | Fixed income | Total long-term AUS | Liquidity products | Total AUS |"}
{"_id": "d88cc8008", "title": "", "text": "The use of the two wholly-owned special purpose entities discussed below preserved the tax deferral that resulted from the 2007 Temple-Inland timberlands sales.\nThe Company recognized an $840 million deferred tax liability in connection with the 2007 sales, which will be settled with the maturity of the notes in 2027.\nIn October 2007, Temple-Inland sold 1.55 million acres of timberlands for $2.38 billion.\nThe total consideration consisted almost entirely of notes due in 2027 issued by the buyer of the timberlands, which Temple-Inland contributed to two wholly-owned, bankruptcy-remote special purpose entities.\nThe notes are shown in Financial assets of special purpose entities in the accompanying consolidated balance sheet and are supported by $2.38 billion of irrevocable letters of credit issued by three banks, which are required to maintain minimum credit ratings on their long-term debt.\nIn the third quarter of 2012, International Paper completed its preliminary analysis of the acquisition date fair value of the notes and determined it to be $2.09 billion.\nAs of December 31, 2014 and 2013, the fair value of the notes was $2.27 billion and $2.62 billion, respectively.\nThese notes are classified as Level 2 within the fair value hierarchy, which is further defined in Note 14.\nIn December 2007, Temple-Inland's two wholly-owned special purpose entities borrowed $2.14 billion shown in Nonrecourse financial liabilities of special purpose entities in the accompanying consolidated balance sheet.\nThe loans are repayable in 2027 and are secured only by the $2.38 billion of notes and the irrevocable letters of credit securing the notes and are nonrecourse to the Company.\nThe loan agreements provide that if a credit rating of any of the banks issuing the letters of credit is downgraded below the specified threshold, the letters of credit issued by that bank must be replaced within 30 days with letters of credit from another qualifying financial institution.\nIn the third quarter of 2012, International Paper completed its preliminary analysis of the acquisition date fair value of the borrowings and determined it to be $2.03 billion.\nAs of December 31, 2014 and 2013, the fair value of this debt was $2.16 billion and $2.49 billion, respectively.\nThis debt is classified as Level 2 within the fair value hierarchy, which is further defined in Note 14.\nDuring 2012, the credit ratings for two letter of credit banks that support $1.0 billion of the 2007 Monetized Notes were downgraded below the specified threshold.\nThese letters of credit were successfully replaced by other qualifying institutions.\nFees of $8 million were incurred in connection with these replacements.\nActivity between the Company and the 2007 financing entities was as follows:"}
{"_id": "d895e2c42", "title": "", "text": "| In millions December 312012 December 312011 | Commercial lending | Commercial | Commercial real estate | Equipment lease financing | Total Commercial Lending | Consumer lending | Home equity | Residential real estate | Credit card | Other consumer | Total consumer lending | Total loans (a) (b) | In millions | Commercial and commercial real estate | Home equity lines of credit | Credit card | Other | Total (a) |"}
{"_id": "d86b4c24e", "title": "", "text": "| Number of Shares/Units Weighted-Average Fair Value (Grant Date) | Non-vested at December 31, 2007 | Granted | Vested | Forfeited | Non-vested at December 31, 2008 | Granted | Vested | Forfeited | Non-vested at December 31, 2009 | Granted | Vested | Forfeited | Non-vested at December 31, 2010 |"}
{"_id": "d81be6718", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | 2015 | Attritional | Catastrophes | Total segment | 2014 | Attritional | Catastrophes | Total segment | 2013 | Attritional | Catastrophes | Total segment | Variance 2015/2014 | Attritional | Catastrophes | Total segment | Variance 2014/2013 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8b19f106", "title": "", "text": "| Year Ended December 31, | 2004 | (in millions of U.S. dollars, except per share amounts) | Operating Data: | Revenues | Operating income -1 (3) | Income before taxes -3 | Net income -2 | Net income per share | Basic -2 | Diluted -2 | Other Data: | Depreciation and amortization | Capital expenditures | Balance Sheet Data: | Working capital | Total assets | Long-term debt, less current maturities | Stockholders’ equity |"}
{"_id": "d85fff418", "title": "", "text": "| Plan Category Number of securities to be issued upon exercise of outstanding options, warrants and rights (a) Weighted-average exercise price of outstanding options, warrants and rights (b) Number of securities remaining available for future issuance under equity compensation plans (excluding securities reflected in column (a)) (c) | Equity compensation plans approved by security holders | Equity compensation plans not approved by security holders -1 | Total |"}
{"_id": "d8bbb8386", "title": "", "text": "Income from continuing operations before income taxes, extraordinary gain on acquisition and cumulative effect of accounting change includes income from foreign operations of $1,828 million, $994 million and $663 million for the years ended December 31, 2005, 2004 and 2003, respectively.\nRevenues, calculated in accordance with U. S.  GAAP, include revenues from foreign operations of $8,969 million, $6,826 million and $5,807 million for the years ended December 31, 2005, 2004 and 2003, respectively.\nIncluded in the revenues from foreign operations are revenues from Japanese operations of $7,000 million, $5,355 million and $4,640 million for the years ended December 31, 2005, 2004 and 2003, respectively.\nThe Asset Management segment revenues include intersegment revenues of $358 million, $348 million and $343 million for the years ended December 31, 2005, 2004 and 2003, respectively, primarily consisting of asset-based management and administration fees.\nIn addition, the Financial Advisory segment revenues include intersegment revenues of $85 million for the year ended December 31, 2003 relating to the sale of proprietary investments products.\nManagement has determined the intersegment revenues with reference to market rates.\nIntersegment revenues are eliminated in consolidation in Corporate and Other.\nThe gross unrealized losses as of December 31, 2005 were primarily concentrated in the manufacturing and services sectors while the gross unrealized losses as of December 31, 2004 were primarily concentrated in the manufacturing sector.\nImpairments of Equity Securities For those equity securities classified as available-for-sale we record unrealized gains and losses to the extent cost is different from estimated fair value.\nAll securities with unrealized losses are subject to our review to identify other-than-temporary impairments in value.\nIn evaluating whether a decline in value is other-than-temporary, we consider several factors including, but not limited to, the following: ?\nthe extent (generally if greater than 20%) and the duration (generally if greater than six months) of the decline; ?\nthe reasons for the decline in value (credit event or market fluctuation); ?\nour ability and intent to hold the investment for a period of time to allow for a recovery of value; and ?\nthe financial condition of and near-term prospects of the issuer.\nWhen we determine that there is an other-than-temporary impairment, we record a writedown to estimated fair value, which reduces the cost basis.\nThe new cost basis of an impaired security is not adjusted for subsequent increases in estimated fair value.\nEstimated fair values for publicly traded equity securities are based on quoted market prices or prices obtained from independent pricing services.\nEstimated fair values for privately traded equity securities are determined using valuation and discounted cash flow models that call for a substantial level of judgment from management.\nImpairments of equity securities attributable to the Financial Services Businesses were $8 million in 2005 and $19 million in 2004.\nImpairments of equity securities attributable to the Closed Block Business were $10 million in 2005 and $9 million in 2004.\nFor a further discussion of impairments, see “—Realized Investment Gains” above.\nOther Long-Term Investments “Other long-term investments” are comprised as follows:"}
{"_id": "d8889ddac", "title": "", "text": "| (In millions) E&P OSM RM&T Total | 2008 | Beginning balance | Impairment | Deferred tax adjustments | Purchase price adjustments | Contingent consideration adjustment | Dispositions | Ending balance | 2009 | Beginning balance, gross | Less: accumulated impairments | Beginning balance, net | Deferred tax adjustments | Contingent consideration adjustment | Dispositions | Ending balance, net |"}
{"_id": "d8d9ffbaa", "title": "", "text": "Stock Repurchases.\nIn accordance with stock repurchases authorized by our Board of Directors we purchased stock with an aggregate total repurchase price of $206.4 million during 2012.\nAs of December 31, 2012, $100.2 million was available to be repurchased under the current repurchase authorizations, which were announced on October 18, 2012 and November 20, 2012.\nOn February 5, 2013 we announced that our Board of Directors authorized the expenditure of up to an additional $100 million to repurchase shares of our common stock.\nWe have entered into an agreement with a broker under SEC rule 10b5-1(c), authorizing the broker to make open market purchases of common stock from time to time, subject to market conditions.\nThe existing repurchase agreement and the Boards authorization of the repurchases may be modified, suspended, or discontinued at any time.\nOn November 20, 2012, we also entered into a privately negotiated accelerated share repurchase transaction (ASR) to repurchase $25 million of our common stock.\nThe $25 million is part of the $100 million repurchase program announced on November 20, 2012.\nWe advanced the $25 million upon commencement of the transaction and received 65,187 shares, which represented 70% of the total number of shares to be repurchased calculated using the closing price on the commencement date.\nThe final number of shares to be repurchased under the ASR will be determined based generally on the volume-weighted average share price of our common stock over a specified period.\nThe ASR will be completed during the first quarter of 2013."}
{"_id": "d8cd9d542", "title": "", "text": "CONTINGENCIES In the ordinary course of business, the Company is involved in lawsuits, arbitrations and other formal and informal dispute resolution procedures, the outcomes of which will determine the Companys rights and obligations under insurance, reinsurance and other contractual agreements.\nIn some disputes, the Company seeks to enforce its rights under an agreement or to collect funds owing to it.\nIn other matters, the Company is resisting attempts by others to collect funds or enforce alleged rights.\nThese disputes arise from time to time and as they arise are addressed, and ultimately resolved, through both informal and formal means, including negotiated resolution, arbitration and litigation.\nIn all such matters, the Company believes that\nGross written premiums increased by 18.2% to $1,268.7 million in 2013 compared to $1,073.1 million in 2012.\nThis increase was primarily driven by California workers compensation, crop and non-standard auto business.\nNet written premiums increased by 27.5% to $1,086.2 million in 2013 compared to $852.1 million in 2012.\nThe larger increase in net written premiums compared to gross written premiums is mainly due to less use of reinsurance, particularly on the crop business.\nPremiums earned increased 21.7% to $1,037.4 million in 2013 compared to $852.4 million in 2012.\nThe change in premiums earned relative to net written premiums is the result of timing; premiums are earned ratably over the coverage period whereas written premiums are recorded at the initiation of the coverage period."}
{"_id": "d8c6c162e", "title": "", "text": "| At December 31, 2016 | Options Outstanding | Weighted- | Average | Number | Range of | Exercise Prices | $71.7150 - $78.1700 | $78.1800 - $85.6300 | $85.6400 - $87.4700 | $87.4800 - $110.1300 | 454,994 |"}
{"_id": "d89ed6254", "title": "", "text": "| Years Ended December 31, | 2009 | (in millions, except percentages) | Total net revenues | Advice & Wealth Management | Asset Management | Annuities | Protection | Corporate & Other | Eliminations | Total net revenues | Total expenses | Advice & Wealth Management | Asset Management | Annuities | Protection | Corporate & Other | Eliminations | Total expenses | Net income (loss) attributable to noncontrolling interests | Asset Management | Pretax income (loss) attributable to Ameriprise Financial | Advice & Wealth Management | Asset Management | Annuities | Protection | Corporate & Other | Pretax income (loss) attributable to Ameriprise Financial |"}
{"_id": "d8a840f1a", "title": "", "text": "Foreign Currency Derivatives.\nIn connection with its purchase of BM&FBOVESPA stock in February 2008, CME Group purchased a put option to hedge against changes in the fair value of BM&FBOVESPA stock resulting from foreign currency rate fluctuations between the U. S.  dollar and the Brazilian real (BRL) beyond the option’s exercise price.\nLehman Brothers Special Financing Inc.  (LBSF) was the sole counterparty to this option contract.\nOn September 15, 2008, Lehman Brothers Holdings Inc.  (Lehman) filed for protection under Chapter 11 of the United States Bankruptcy Code.\nThe bankruptcy filing of Lehman was an event of default that gave the company the right to immediately terminate the put option agreement with LBSF.\nIn March 2010, the company recognized a $6.0 million gain on derivative instruments as a result of a settlement from the Lehman bankruptcy proceedings.21."}
{"_id": "d8a2427b2", "title": "", "text": "| Year Ended December 31, 2016 to 2017 % Change 2015 to 2016 % Change | 2017 | (in thousands) | Sales and marketing | Sales and marketing as a percentage of revenue |"}
{"_id": "d8b0c0c1c", "title": "", "text": "The Company conducts substantially all of its operations in the United States.\nThere are no transactions with a single customer that in the aggregate result in revenues that exceed ten percent of consolidated total revenues."}
{"_id": "d8c16197c", "title": "", "text": "| (in millions) 2016 2015 2014 | Stock-based compensation: | Restricted stock and RSUs | Long-term incentive plans to be funded by PNC | Total stock-based compensation |"}
{"_id": "d87528ca4", "title": "", "text": "| At and for the Year Ended December 31, 2009 At and for the Year Ended December 31, 2008 | (Dollars in millions) | Assets | Loans held-for-sale | Loans and leases(1) | Foreclosed properties(2) | Other assets |"}
{"_id": "d8b054300", "title": "", "text": "| Year Ended December 31, 2015 2014 2013 | Stock-based compensation expense | Advertising expenses | Selling and distribution expenses | Other operating expenses | Selling, general and administrative expenses |"}
{"_id": "d8d3a9b0c", "title": "", "text": "Revenues for this business segment, which includes the mini C-arm business, the digital general radiography business and the conventional general radiography service business, decreased primarily due to a $5.9 million decrease in digital general radiography systems sold worldwide, as a result of our phase out of that business, and a $1.1 million decrease in product sales of our mini C-arm products as discussed above.\nThe improvements in operating income were primarily due to lower operating expenses as a result of our decision to de-emphasize the digital general radiography systems business, which has been substantially phased out, and to reallocate resources and costs in order to focus on the more profitable and faster growing digital mammography systems."}
{"_id": "d811e9382", "title": "", "text": "| A.M. Best Company Standard & Poor's Rating Services Moody's Investors Service Fitch Ratings Ltd. | Claims Paying Ratings | RiverSource Life | IDS Property Casualty Insurance Company | Credit Ratings | Ameriprise Financial, Inc. | Years Ended December 31, | 2014 | (in millions) | Revenues | Distribution fees | Net investment income (loss) | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest and debt expense | General and administrative expense | Total expenses | Operating loss |"}
{"_id": "d86aa3d24", "title": "", "text": "| September 30, | 2008 | (In millions) | Warranty liability, beginning of year | Warranties issued | Changes in liability for pre-existing warranties | Settlements made | Warranty liability, end of year |"}
{"_id": "d898c458c", "title": "", "text": "| Employee Termination Benefits Contract Terminations Total | Balance, December 31, 2016 | Additions | Cash payments | Foreign currency exchange rate changes | Balance, December 31, 2017 |"}
{"_id": "d85f3611c", "title": "", "text": "RELATED PARTY TRANSACTIONS The Company provides property management, leasing, construction and other tenant related services to properties in which certain executives have ownership interests.\nThe Company has an option to acquire these executive officers’ interests in these properties (the “Option Properties”).\nThe Company received fees totaling $1.4 million, $1.7 million and $1.9 million in 2002, 2001 and 2000, respectively, for services provided to the Option Properties.\nThe fees charged by the Company for such services are equivalent to those charged to third-party owners for similar services.\nOn June 27, 2001, A.  Ray Weeks, Jr.  resigned his position as a director and Vice Chairman of the Company.\nOn August 17, 2001, the Company redeemed 620,156 limited partnership units beneficially owned by Mr.\nWeeks and certain members of his immediate and extended family (the “Weeks Affiliates”).\nThe deemed value of the units redeemed was $15.7 million, which was based on the average closing stock price of the Company for a certain period of days preceding the redemption date.\nAs consideration for the redemption, the Weeks Affiliates received a distribution of seven industrial rental properties and one undeveloped tract of land located in the Atlanta, Georgia metropolitan area with a value of $31.7 million.\nThe Weeks Affiliates also assumed a loan in the amount of $16 million from Wachovia Bank, N. A.  to the Company.\nThe value of the properties distributed to the Weeks Affiliates was based on negotiations between Mr.\nWeeks and members of the Company’s executive committee, and was approved by the unaffiliated members of the Board of Directors.\nIn 2002, the Company received lease termination fees totaling $7.7 million from a tenant that is a subsidiary of Progress Energy.\nWilliam Cavanaugh III is President and Chief Executive Officer of Progress Energy and a member of the Company’s Board of Directors.\nThe Company’s independent directors approved the transaction and management believes that the amount received approximates a value that would have been charged to tenants with similar lease terms and commitments.\nThe Company has other related party transactions that are insignificant and terms are considered to be at arm’s-length and equal to those negotiated with independent parties."}
{"_id": "d81f77a80", "title": "", "text": "The table below presents deferred acquisition costs and future policy benefits payable associated with our long-duration insurance products for the years ended December 31, 2012 and 2011."}
{"_id": "d81180850", "title": "", "text": "| Years Ended December 31, | 2015 | (dollars in millions) | Corporate: | Medium/Large | Small Business | Total Corporate | Public: | Government | Education | Healthcare | Total Public | Other | Total Net sales |"}
{"_id": "d87f5cb94", "title": "", "text": "| Currency Translation Adjustments Unrealized Gains and Losses on Certain Investments Unrealized Gains and Losses on Derivative Instruments Defined Benefit Pension Plans & Other Postretirement Benefits Total -1 | Balance at January 1, 2011 | Other comprehensive loss before reclassifications | Amounts reclassified from AOCI | Net current period Other comprehensive loss | Balance at December 31, 2011 | Other comprehensive income/(loss) before reclassifications | Amounts reclassified from AOCI | Net current period Other comprehensive income/(loss) | Balance at December 31, 2012 | Other comprehensive income/(loss) before reclassifications | Amounts reclassified from AOCI | Net current period Other comprehensive income/(loss) | Balance at December 31, 2013 |"}
{"_id": "d88c070f6", "title": "", "text": "| At December 31, | 2008 | (In millions) | Other liability occurrence | Workers’ compensation | Other liability claims made | International | Auto liability | Property | Mortgage guaranty/credit | Reinsurance | Products liability | Medical malpractice | Aircraft | Accident and health | Commercial multiple peril | Fidelity/surety | Other | Total |"}
{"_id": "d8185cc32", "title": "", "text": "| 2013 Period-to-Period Change 2012 Period-to-Period Change 2011 | Labor and related benefits | Transfer and disposal costs | Maintenance and repairs | Subcontractor costs | Cost of goods sold | Fuel | Disposal and franchise fees and taxes | Landfill operating costs | Risk management | Other | $9,112 |"}
{"_id": "d8cd4ced0", "title": "", "text": "VERTEX PHARMACEUTICALS INCORPORATED Notes to Consolidated Financial Statements (Continued) O.\nSignificant Revenue Arrangements (Continued) $7 million of development and commercialization milestone payments.\nAdditionally, Kissei agreed to reimburse the Company for certain development costs, including a portion of costs for Phase 2 trials of VX-702.\nResearch funding ended under this program in June 2000, and the Company has received the full amount of research funding specified under the agreement.\nKissei has exclusive rights to develop and commercialize VX-702 in Japan and certain Far East countries and co-exclusive rights in China, Taiwan and South Korea.\nThe Company retains exclusive marketing rights outside the Far East and co-exclusive rights in China, Taiwan and South Korea.\nIn addition, the Company will have the right to supply bulk drug material to Kissei for sale in its territory and will receive royalties or drug supply payments on future product sales, if any.\nIn 2006, 2005 and 2004, approximately $6.4 million, $7.3 million and $3.5 million, respectively, was recognized as revenue under this agreement.\nThe $7.3 million of revenue recognized in 2005 includes a $2.5 million milestone paid upon Kissei’s completion of regulatory filings in preparation for Phase 1 clinical development of VX-702 in Japan.\nP.  Employee Benefits The Company has a 401(k) retirement plan (the “Vertex 401(k) Plan”) in which substantially all of its permanent employees are eligible to participate.\nParticipants may contribute up to 60% of their annual compensation to the Vertex 401(k) Plan, subject to statutory limitations.\nThe Company may declare discretionary matching contributions to the Vertex 401(k) Plan that are payable in the form of Vertex common stock.\nThe match is paid in the form of fully vested interests in a Vertex common stock fund.\nEmployees have the ability to transfer funds from the Company stock fund as they choose.\nThe Company declared matching contributions to the Vertex 401(k) Plan as follows (in thousands):"}
{"_id": "d81447b6a", "title": "", "text": "| Years Ended December 31, | 2009 | (in millions, except percentages) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Pretax income |"}
{"_id": "d8bb24af0", "title": "", "text": "In connection with this project, we eliminated 749 positions.\nWe incurred $54.7 million of net expenses, most of which was cash.\nWe recorded $0.4 million of restructuring charges relating to this action in fiscal 2018, restructuring charges were reduced by $0.4 million in fiscal 2017, and we incurred $54.7 million of restructuring charges in fiscal 2016.\nThis action was completed in fiscal 2018.\nIn fiscal 2015, we announced Project Century (Century) which initially involved a review of our North American manufacturing and distribution network to streamline operations and identify potential capacity reductions.\nIn fiscal 2016, we broadened the scope of Century to identify opportunities to streamline our supply chain outside of North America.\nAs part of Century, in the second quarter of fiscal 2016, we approved a restructuring plan to close manufacturing facilities in our Europe & Australia segment supply chain located in Berwick, United Kingdom and East Tamaki, New Zealand.\nThese actions affected 287 positions and we incurred $31.8 million of net expenses related to these actions, of which $12 million was cash.\nWe recorded $1.8 million of restructuring charges relating to these actions in fiscal 2017 and $30.0 million in fiscal 2016.\nThese actions were completed in fiscal 2017.\nAs part of Century, in the first quarter of fiscal 2016, we approved a restructuring plan to close our West Chicago, Illinois cereal and dry dinner manufacturing plant in our North America Retail segment supply chain.\nThis action affected 484 positions, and we incurred $109.3 million of net expenses relating to this action, of which $21 million was cash.\nWe recorded $6.9 million of restructuring charges relating to this action in fiscal 2018, $23.2 million in fiscal 2017 and $79.2 million in fiscal 2016.\nThis action was completed in fiscal 2018.\nAs part of Century, in the first quarter of fiscal 2016, we approved a restructuring plan to close our Joplin, Missouri snacks plant in our North America Retail segment supply chain.\nThis action affected 125 positions, and we incurred $8.0 million of net expenses relating to this action, of which less than $1 million was cash.\nWe recorded $1.4 million of restructuring charges relating to this action in fiscal 2018, $0.3 million in fiscal 2017, and $6.3 million in fiscal 2016.\nThis action was completed in fiscal 2018.\nWe paid cash related to restructuring initiatives of $53.6 million in fiscal 2018, $107.8 million in fiscal 2017, and $122.6 million in fiscal 2016.\nIn addition to restructuring charges, we expect to incur approximately $130 million of project-related costs, which will be recorded in cost of sales, all of which will be cash.\nWe recorded project-related costs in cost of sales of $11.3 million in fiscal 2018, $43.9 million in fiscal 2017, and $57.5 million in fiscal 2016.\nWe paid cash for project-related costs of $10.9 million in fiscal 2018, $46.9 million in fiscal 2017, and $54.5 million in fiscal 2016.\nWe expect these activities to be completed in fiscal 2019.\nRestructuring charges and project-related costs are classified in our Consolidated Statements of Earnings as follows:"}
{"_id": "d88ffb6c6", "title": "", "text": "Table 3\nTable of Contents ETHANOL We own 14 ethanol plants with a combined ethanol production capacity of 1.73 billion gallons per year.\nOur ethanol plants are dry mill facilities(a) that process corn to produce ethanol, distillers grains, and corn oil(b).\nWe source our corn supply from local farmers and commercial elevators.\nOur facilities receive corn primarily by rail and truck.\nWe publish on our website a corn bid for local farmers and cooperative dealers to facilitate corn supply transactions.\nWe sell our ethanol primarily to refiners and gasoline blenders under term and spot contracts in bulk markets such as New York, Chicago, the U. S.  Gulf Coast, Florida, and the U. S.  West Coast.\nWe also export our ethanol into the global markets.\nWe ship our dry distillers grains (DDGs) by truck or rail primarily to animal feed customers in the U. S.  and Mexico.\nWe also sell modified distillers grains locally at our plant sites, and corn oil by truck and rail.\nWe distribute our ethanol through logistics assets, which include railcars owned by us.\nThe following table presents the locations of our ethanol plants, their approximate annual production capacities for ethanol (in millions of gallons) and DDGs (in tons), and their approximate annual corn processing capacities (in millions of bushels)."}
{"_id": "d8185cb56", "title": "", "text": "| Years ended December 31 2018 2017 2016 | U.S. | U.K. | Netherlands and Canada | Total |"}
{"_id": "d8ed18c14", "title": "", "text": "| Years Ended December 31, | 2008 | Collection | Landfill | Transfer | Wheelabrator | Recycling | Other | Intercompany | Total |"}
{"_id": "d8157db2e", "title": "", "text": "| 2007 2006 2005 | Interest and dividend income | Net foreign exchange transaction loss | Asbestos settlement and related costs | Advisory expenses incurred prior to ceasing work on an acquisition | Loss on sale of small product line | Gain on termination of forward starting interest rate swaps | Other, net | Other income, net |"}
{"_id": "d89f86a50", "title": "", "text": "| In millions of dollars 2009 2008 2007 | Net interest revenue | Non-interest revenue | Total revenues, net of interest expense | Total operating expenses | Provisions for loan losses and for benefits and claims | (Loss) from continuing operations before taxes | Income taxes (benefits) | (Loss) from continuing operations | Income (loss) from discontinued operations, net of taxes | Net income (loss) before attribution of noncontrolling interests | Net income attributable to noncontrolling interests | Net income (loss) |"}
{"_id": "d8f8f8444", "title": "", "text": "| Pension Benefits | 2013 | (In millions) | Components of net periodic benefit cost: | Service cost | Interest cost | Expected return on plan assets | Amortization: | - prior service cost (credit) | - actuarial loss | Net settlement loss(a) | Net periodic benefit cost(b) | Other changes in plan assets and benefit obligations recognized in other comprehensive (income) loss (pretax): | Actuarial loss (gain) | Amortization of actuarial (loss) gain | Prior service cost (credit) | Amortization of prior service credit (cost) | Spin-off downstream business(c) | Total recognized in other comprehensive (income) loss | Total recognized in net periodic benefit cost and other comprehensive (income) loss |"}
{"_id": "d8bc3a318", "title": "", "text": "| In millions 2011 2010 | January 1 | Reserve adjustments, net | Losses – loan repurchases and settlements | Loan sales | December 31 |"}
{"_id": "d8e0cdaa4", "title": "", "text": "(1) For purposes of this computation, earnings are defined as income from continuing operations before income taxes excluding undistributed income (loss) from equity method investments, fixed charges and interest capitalized.\nAlso excludes earnings attributable to noncontrolling interests.\nFixed charges are the sum of gross interest expense, interest credited to policyholders’ account balances and an estimated interest component of rent expense.\nDue to the Company’s loss for the year ended December 31, 2008, the ratio coverage was less than 1:1 and is therefore not presented.\nAdditional earnings of $859 million would have been required for the year ended December 31, 2008 to achieve a ratio of 1:1.\n(2) The Company adopted the authoritative guidance for employers’ accounting for defined benefit pension and other postretirement plans effective December 31, 2006, which amended previous guidance, and resulted in a reduction of Prudential Financial, Inc.  equity of $556 million upon adoption."}
{"_id": "d8b49ca3e", "title": "", "text": "| 2004 2003 2002 2001 | $40,549 |"}
{"_id": "d861f4160", "title": "", "text": "Vendor Non-Trade Receivables The Company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of components to these vendors who manufacture sub-assemblies or assemble final products for the Company.\nThe Company purchases these components directly from suppliers.\nVendor non-trade receivables from three of the Companys vendors accounted for 38%, 18% and 14% of total vendor non-trade receivables as of September 26, 2015 and three of the Companys vendors accounted for 51%, 16% and 14% of total vendor non-trade receivables as of September 27, 2014."}
{"_id": "d8184fc8a", "title": "", "text": "| Restricted Stock Units Outstanding Weighted-   Average Grant-   Date Fair Value   Per Share | Restricted stock units outstanding at October 30, 2010 | Units granted | Restrictions lapsed | Units forfeited | Restricted stock units outstanding at October 29, 2011 |"}
{"_id": "d82bda002", "title": "", "text": "In response to the economic crisis and unusual financial market events that occurred in 2008 and continued into 2009, we decided to utilize excess debt capacity.\nThe Holding Company completed three debt issuances in 2009.\nThe Holding Company issued $397 million of floating rate senior notes in March 2009, $1.3 billion of senior notes in May 2009, and $500 million of junior subordinated debt securities in July 2009.\nIn February 2009, in connection with the initial settlement of the stock purchase contracts issued as part of the common equity units sold in June 2005, the Holding Company issued common stock for $1.0 billion.\nThe proceeds from these equity and debt issuances were used for general corporate purposes and have resulted in increased investments and cash and cash equivalents held within Banking, Corporate & Other.\nOperating earnings available to common shareholders improved by $114 million, of which $254 million was due to MetLife Bank and its acquisitions of a residential mortgage origination and servicing business and a reverse mortgage business, both during 2008.\nExcluding the impact of MetLife Bank, our operating earnings available to common shareholders decreased $140 million, primarily due to lower net investment income, partially offset by the impact of a lower effective tax rate.\nThe lower effective tax rate provided an increased benefit of $139 million from the prior year.\nThis benefit was the result of a partial settlement of certain prior year tax audit issues and increased utilization of tax preferenced investments, which provide tax credits and deductions.\nExcluding a $68 million increase from MetLife Bank, net investment income decreased $283 million, which was primarily due a decrease of $287 million due to lower yields, partially offset by an increase of $4 million due to an increase in average invested assets.\nConsistent with the consolidated results of operations discussion above, yields were adversely impacted by the severe downturn in the global financial markets, which primarily impacted fixed maturity securities and real estate joint ventures.\nThe increased average invested asset base was due to cash flows from debt issuances during 2009.\nOur investments primarily include structured finance securities, investment grade corporate fixed maturity securities, U. S.  Treasury, agency and government guaranteed fixed maturity securities and mortgage loans.\nIn addition, our investment portfolio includes the excess capital not allocated to the segments.\nAccordingly, it includes a higher allocation to certain other invested asset classes to provide additional diversification and opportunity for long-term yield enhancement including leveraged leases, other limited partnership interests, real estate, real estate joint ventures and equity securities.\nAfter excluding the impact of a $394 million increase from MetLife Bank, other expenses increased by $20 million.\nDeferred compensation costs, which are tied to equity market performance, were higher due to a significant market rebound.\nWe also had an increase in costs associated with the implementation of our Operational Excellence initiative.\nThese increases were partially offset by lower postemployment related costs and corporate-related expenses, specifically legal costs.\nLegal costs were lower largely due to the prior year commutation of asbestos policies.\nIn addition, interest expense declined slightly as a result of rate reductions on variable rate collateral financing arrangements offset by debt issuances in 2009 and 2008."}
{"_id": "d827ba6a2", "title": "", "text": "| September 30, 2007 September 30, 2006 September 30, 2005 | (in 000's) | Net Unrealized (Loss) Gain on Available for Sale Securities, Net of | Tax Effect Of -$1,217 in 2007, $129 in 2006, and $51 in 2005 | Net Unrealized Gain on Interest Rate Swaps Accounted for as Cash Flow | Hedges, Net of Tax Effect of $0 in 2007, $28 in 2006, and | $566 in 2005 | Net Change in Currency Translations, Net of Tax Effect of $11,463 in | 2007, $1,312 in 2006, and $3,078 in 2005 | Other Comprehensive Income |"}
{"_id": "d87d9aa18", "title": "", "text": "| FCX Issuer FM O&G LLC Guarantor Non-guarantor Subsidiaries Eliminations Consolidated FCX | Revenues | Total costs and expenses | Operating (loss) income | Interest expense, net | Net gain (loss) on early extinguishment of debt | Other income (expense), net | (Loss) income before income taxes and equity in affiliated companies’ net earnings (losses) | Benefit from (provision for) income taxes | Equity in affiliated companies’ net earnings (losses) | Net income (loss) from continuing operations | Net income from discontinued operations | Net income (loss) | Net income attributable to noncontrolling interests: | Continuing operations | Discontinued operations | Net income (loss) attributable to common stockholders | Other comprehensive income (loss) | Total comprehensive income (loss) |"}
{"_id": "d88afa6cc", "title": "", "text": "| 2003 2002 2001 | Balance, January 1, | Granted—treasury issuance | Granted—original issuance | Total granted | Vested | Forfeited | Balance, December 31, | Shares Under Option | Balance, January 1, 2001 | Granted | Exercised | Canceled or lapsed | Balance, December 31, 2001 | Granted | Exercised | Canceled or lapsed | Balance, December 31, 2002 | Granted | Exercised | Canceled or lapsed | Balance, December 31, 2003 |"}
{"_id": "d8ad8a322", "title": "", "text": "MetLife, Inc.  Notes to Consolidated Financial Statements  (Continued) reserved for issuance under the 2005 Directors Stock Plan are 2,000,000.\nAs of December 31, 2007, the aggregate number of shares remaining available for issuance pursuant to the 2005 Stock Plan and the 2005 Directors Stock Plan were 60,862,366 and 1,918,170, respectively.\nStock Option exercises and other stock-based awards to employees settled in shares are satisfied through the issuance of shares held in treasury by the Company.\nUnder the current authorized share repurchase program, as described previously, sufficient treasury shares exist to satisfy foreseeable obligations under the Incentive Plans.\nCompensation expense related to awards under the Incentive Plans is recognized based on the number of awards expected to vest, which represents the awards granted less expected forfeitures over the life of the award, as estimated at the date of grant.\nUnless a material deviation from the assumed rate is observed during the term in which the awards are expensed, any adjustment necessary to reflect differences in actual experience is recognized in the period the award becomes payable or exercisable.\nCompensation expense of $145 million, $144 million and $120 million, and income tax benefits of $51 million, $50 million and $42 million, related to the Incentive Plans was recognized for the years ended December 31, 2007, 2006 and 2005, respectively.\nCompensation expense is principally related to the issuance of Stock Options, Performance Shares and LTPCP arrangements.\nAs described in Note 1, the Company changed its policy prospectively for recognizing expense for stock-based awards to retirement eligible employees.\nHad the Company continued to recognize expense over the stated requisite service period, compensation expense related to the Incentive Plans would have been $118 million, $116 million and $120 million, rather than $145 million, $144 million and $120 million, for the years ended December 31, 2007, 2006 and 2005, respectively.\nHad the Company applied the policy of recognizing expense related to stock-based compensation over the shorter of the requisite service period or the period to attainment of retirement eligibility for awards granted prior to January 1, 2006, pro forma compensation expense would have been $118 million, $120 million and $122 million for the years ended December 31, 2007, 2006 and 2005, respectively.\nStock Options All Stock Options granted had an exercise price equal to the closing price of the Companys common stock as reported on the New York Stock Exchange on the date of grant, and have a maximum term of ten years.\nCertain Stock Options granted under the Stock Incentive Plan and the 2005 Stock Plan have or will become exercisable over a three year period commencing with the date of grant, while other Stock Options have or will become exercisable three years after the date of grant.\nStock Options issued under the Directors Stock Plan were exercisable immediately.\nThe date at which any Stock Option issued under the 2005 Directors Stock Plan becomes exercisable would be determined at the time such Stock Option is granted.\nA summary of the activity related to Stock Options for the year ended December 31, 2007 is presented below.\nThe aggregate intrinsic value was computed using the closing share price on December 31, 2007 of $61.62 and December 29, 2006 of $59.01, as applicable."}
{"_id": "d827ba558", "title": "", "text": "Income Taxes The Company utilizes the asset and liability approach defined in SFAS No.109, “Accounting for Income Taxes”, which requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of temporary differences between the financial statement amounts and the tax bases of assets and liabilities.\nEarnings per Share (“EPS”) Basic EPS is calculated by dividing earnings available to common stockholders by the weighted-average number of common shares outstanding.\nDiluted EPS is similar to basic EPS, but adjusts for the effect of the potential issuance of common shares by application of the treasury stock method.\nReclassifications Certain revisions and reclassifications have been made to the consolidated financial statements of the prior years to conform to the current year presentation.\nAs a result, Financial Service Fees revenue and Investment Advisory Fees expense increased by approximately $12.8 million and $11.2 million, respectively, for the years ended September 30, 2006 and 2005.\nThese revisions did not impact the Company’s net income for the years ended September 30, 2006 and 2005.\nThe Company also reclassified certain amounts from cash to segregated assets and reverse repurchase agreements on its 2006 and 2005 Consolidated Statements of Financial Condition and related cash flow activity on its 2006 and 2005 Consolidated Statements of Cash Flows.\nFor fiscal year 2006, $176.8 million was reclassified from cash to segregated assets and $72.5 million was reclassified from cash to securities purchased under agreements to resell.\nFor fiscal year 2005, $146.4 million was reclassified from cash to segregated assets and $137.3 million was reclassified from cash to securities purchased under agreements to resell.\nThese revisions did not impact the Company’s net income for the years ended September 30, 2006 and 2005.\nIn the quarter ended September 30, 2007, a new segment was established: Proprietary Capital.\nThe components of this segment were previously included in the Asset Management and Other segments.\nReclassifications have been made in the segment disclosure for previous years to conform to this presentation.\nAdditional information is provided in Note 22 below."}
{"_id": "d8a8fccc4", "title": "", "text": "| For the year ended December 31, | 2005-1 | (in thousands, except per share results) | Revenues | Net income | Earnings per common share: | Basic | Diluted |"}
{"_id": "d898ab28a", "title": "", "text": "| Payments Due by Period | Total | Long-term debt-1 | Interest on long-term debt-2 | Facility and equipment operating leases-3 | Software licensing-4 | Purchase obligations-5 | Uncertain tax positions-6 | Total |"}
{"_id": "d887a4824", "title": "", "text": "| Year ended December 31, | 2005 | (in millions) | Canadian operations | Property and casualty insurance | Prudential Securities capital markets | Gibraltar Casualty | Other divested businesses | Total divested business excluded from adjusted operating income |"}
{"_id": "d8611713e", "title": "", "text": "| Consolidated Performance Summary 2010 -1 2009 -2(3) 2008 | Revenue | Revenue gain % | Comparable store sales % gain (decline) | Gross profit as % of revenue-4 | SG&A as % of revenue-4 | Operating income | Operating income as % of revenue | Net earnings | Diluted earnings per share | For the years ended December 31 | In millions of dollars | Service cost and amortization of prior service cost | Interest cost, expected return on plan assets and amortization of net loss | Administrative expenses | Net periodic pension benefit cost | Assumptions: | Average discount rate assumptions—net periodic benefit cost calculation | Average discount rate assumptions—benefit obligation calculation | Asset return assumptions | Financial Services Businesses as of December 31, 2010 | Level 1 | (in millions) | Fixed maturities, available for sale: | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds | Corporate securities | Asset-backed securities | Commercial mortgage-backed securities | Residential mortgage-backed securities | Subtotal | Trading account assets supporting insurance liabilities: | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds | Corporate securities | Asset-backed securities | Commercial mortgage-backed securities | Residential mortgage-backed securities | Equity securities | Short-term investments and cash equivalents | Subtotal | Other trading account assets: | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds | Corporate securities | Asset-backed securities | Commercial mortgage-backed securities | Residential mortgage-backed securities | Equity securities | All other | Subtotal | Equity securities, available for sale | Commercial mortgage and other loans | Other long-term investments | Short-term investments | Cash equivalents | Other assets | Subtotal excluding separate account assets | Separate account assets-3 | Total assets | Future policy benefits | Long-term debt | Other liabilities | Total liabilities |"}
{"_id": "d8b0a1eac", "title": "", "text": "| Year Ended December 31, | (dollars in millions) | Service charges and fees-1 | Card fees | Capital markets fees-1 | Trust and investment services fees | Letter of credit and loan fees-1 | Foreign exchange and interest rate products-1 | Mortgage banking fees | Securities gains, net | Other income-1(2) | Noninterest income |"}
{"_id": "d8d9ff9fc", "title": "", "text": "ITEM 4.\nSUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS There were no matters submitted to a vote of our security holders through solicitation of proxies or otherwise, during the fourth quarter of our fiscal year ended December 31, 2008."}
{"_id": "d862d1cfe", "title": "", "text": "| Year Ended September 30, | 2017 | Stock Options | Outstanding at beginning of year | Exercised | Cancelled or expired | Outstanding at end of year | Exercisable at end of year |"}
{"_id": "d8904be6e", "title": "", "text": "| % of Revenue % of Net Income % of Total Assets | Segment | Utility | Non-Utility Nuclear | Parent Company &Other Business Segments |"}
{"_id": "d81e686d0", "title": "", "text": "Improving Credit Quality Our de-leveraging efforts reduced parent level debt by $1.2 billion in 2003 (including the secured equity-linked loan previously issued by AES New York Funding L. L. C. ).\nWe refinanced and paid down near-term maturities by $3.5 billion and enhanced our year-end liquidity to over $1 billion.\nOur average debt maturity was extended from 2009 to 2012.\nAt the subsidiary level we continue to pursue limited recourse financing to reduce parent credit risk.\nThese factors resulted in an overall reduced cost of capital, improved credit statistics and expanded access to credit at both AES and our subsidiaries.\nLiquidity at the AES parent level is an important factor for the rating agencies in determining whether the Company’s credit quality should improve.\nCurrency and political risk tend to be biggest variables to sustaining predictable cash flow.\nThe nature of our large contractual and concession-based cash flow from these businesses serves to mitigate these variables.\nIn 2003, over 81% of cash distributions to the parent company were from U. S.  large utilities and worldwide contract generation.\nOn February 4, 2004, we called for redemption of $155,049,000 aggregate principal amount of outstanding 8% Senior Notes due 2008, which represents the entire outstanding principal amount of the 8% Senior Notes due 2008, and $34,174,000 aggregate principal amount of outstanding 10% secured Senior Notes due 2005.\nThe 8% Senior Notes due 2008 and the 10% secured Senior Notes due 2005 were redeemed on March 8, 2004 at a redemption price equal to 100% of the principal amount plus accrued and unpaid interest to the redemption date.\nThe mandatory redemption of the 10% secured Senior Notes due 2005 was being made with a portion of our ‘‘Adjusted Free Cash Flow’’ (as defined in the indenture pursuant to which the notes were issued) for the fiscal year ended December 31, 2003 as required by the indenture and was made on a pro rata basis.\nOn February 13, 2004 we issued $500 million of unsecured senior notes.\nThe unsecured senior notes mature on March 1, 2014 and are callable at our option at any time at a redemption price equal to 100% of the principal amount of the unsecured senior notes plus a make-whole premium.\nThe unsecured senior notes were issued at a price of 98.288% and pay interest semi-annually at an annual"}
{"_id": "d88d34f28", "title": "", "text": "| 2015 2014 | Deferred tax assets related to: | Accrued compensation and benefits | Pensions(a) | Other postretirement benefit obligations | Contract accounting methods | Foreign company operating losses and credits | Other | Valuation allowance(b) | Deferred tax assets, net | Deferred tax liabilities related to: | Goodwill and purchased intangibles | Property, plant and equipment | Exchanged debt securities and other(c) | Deferred tax liabilities | Net deferred tax assets(d) |"}
{"_id": "d8855e02e", "title": "", "text": "| 2018 2019 2020 2021 2022 Thereafter Total | $211 |"}
{"_id": "d88928b5a", "title": "", "text": "| Year ended December 31,(in millions) 2013 2012 2011 | Asset management | Investment management fees(a) | All other asset management fees(b) | Total asset management fees | Total administration fees(c) | Commissions and other fees | Brokerage commissions | All other commissions and fees | Total commissions and fees | Total asset management, administration and commissions |"}
{"_id": "d8a28fd0a", "title": "", "text": "The decrease in the discount rate from December 31, 2015 to December 31, 2016 resulted in an increase in the projected benefit obligations of our qualified defined benefit pension plans of approximately $1.4 billion at December 31, 2016.\nThe increase in the discount rate from December 31, 2014 to December 31, 2015 resulted in a decrease in the projected benefit obligations of our qualified defined benefit pension plans of approximately $2.1 billion at December 31, 2015.\nThe long-term rate of return assumption represents the expected long-term rate of earnings on the funds invested, or to be invested, to provide for the benefits included in the benefit obligations.\nThat assumption is based on several factors including historical market index returns, the anticipated long-term allocation of plan assets, the historical return data for the trust funds, plan expenses and the potential to outperform market index returns.\nPlan Assets Investment policies and strategies  Lockheed Martin Investment Management Company (LMIMCo), our whollyowned subsidiary, has the fiduciary responsibility for making investment decisions related to the assets of our postretirement benefit plans.\nLMIMCos investment objectives for the assets of these plans are (1) to minimize the net present value of expected funding contributions; (2) to ensure there is a high probability that each plan meets or exceeds our actuarial longterm rate of return assumptions; and (3) to diversify assets to minimize the risk of large losses.\nThe nature and duration of benefit obligations, along with assumptions concerning asset class returns and return correlations, are considered when determining an appropriate asset allocation to achieve the investment objectives.\nInvestment policies and strategies governing the assets of the plans are designed to achieve investment objectives within prudent risk parameters.\nRisk management practices include the use of external investment managers; the maintenance of a portfolio diversified by asset class, investment approach and security holdings; and the maintenance of sufficient liquidity to meet benefit obligations as they come due.\nLMIMCos investment policies require that asset allocations of postretirement benefit plans be maintained within the following approximate ranges:"}
{"_id": "d81ee40c8", "title": "", "text": "| Pension Benefits Retiree Medical and Other Postretirement Benefits | 2015 | For plans with accumulated benefit obligations exceeding the fair value of plan assets: | Projected benefit obligation (PBO) | Accumulated benefit obligation (ABO) | Accumulated postretirement benefit obligation (APBO) | Fair value of plan assets | ABO less fair value of plan assets |"}
{"_id": "d8eed0ade", "title": "", "text": "Note: The table above does not include unamortized discounts associated with our senior notes, or amounts related to interest rate contracts used to hedge the fair value of certain of our senior notes.\nIn July 2011, Fitch Ratings upgraded our corporate credit rating to BBB-, an investment-grade rating; and in February 2012, Moody’s Investors Service upgraded our corporate credit rating to Baa3, an investment-grade rating.\nIn addition, Standard & Poor’s Ratings Services has maintained an investment-grade corporate credit rating for us since 2009.\nWe believe our investment grade credit profile reflects the size and diversity of our product portfolio, our leading share position in several of our served markets, our strong cash flow, our solid financial fundamentals and our financial strategy.\nTerm Loan and Revolving Credit Facility During 2011, we prepaid the remaining $1.000 billion of our term loan maturities without premium or penalty.\nIn the second quarter of 2012, we established a $2.000 billion revolving credit facility, maturing in April 2017, with a global syndicate of commercial bank and terminated our previous"}
{"_id": "d87e97524", "title": "", "text": "| As of December | in millions | Additional collateral or termination payments for a one-notch downgrade | Additional collateral or termination payments for a two-notch downgrade |"}
{"_id": "d866b233c", "title": "", "text": "| Amount (In Millions) | 2006 net revenue | Fuel recovery | Volume/weather | Rider revenue | Net wholesale revenue | Other | 2007 net revenue |"}
{"_id": "d8f36b9fe", "title": "", "text": "Real Estate Real estate consists primarily of commercial equity real estate.\nAs of December 31, 2008 and 2007, the carrying amount of equity real estate investment was $915.2 million and $859.6 million, respectively, or 1% of U. S.  invested assets.\nOur commercial equity real estate is held in the form of wholly owned real estate, real estate acquired upon foreclosure of commercial mortgage loans and majority owned interests in real estate joint ventures.\nEquity real estate is categorized as either real estate held for investment or real estate held for sale.\n Real estate held for investment totaled $779.8 million and $777.2 million as of December 31, 2008 and 2007, respectively.\nThe carrying value of real estate held for investment is generally adjusted for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable.\nSuch impairment adjustments are recorded as net realized losses and, accordingly, are reflected in our consolidated results of operations.\nFor the years ended December 31, 2008 and 2007, there were no such impairment adjustments.\nThe carrying amount of real estate held for sale as of December 31, 2008, was $135.4 million, net of valuation allowance of $3.5 million.\nThe carrying amount of real estate held for sale as of December 31, 2007, was $82.4 million.\nThere was no valuation allowance at December 31, 2007.\nOnce we identify a real estate property to be sold and commence a plan for marketing the property, we classify the property as held for sale.\nWe establish a valuation allowance subject to periodic revisions, if necessary, to adjust the carrying value of the property to reflect the lower of its current carrying value or the fair value, less associated selling costs.\nWe use research, both internal and external, to recommend appropriate product and geographic allocations and changes to the equity real estate portfolio.\nWe monitor product, geographic and industry diversification separately and together to determine the most appropriate mix.\nEquity real estate is distributed across geographic regions of the country with larger concentrations in the South Atlantic, West South Central and Pacific regions of the United States as of December 31, 2008.\nBy property type, there is a concentration in office, industrial site buildings, and retail that represented approximately 79% of the equity real estate portfolio as of December 31, 2008."}
{"_id": "d88d78e26", "title": "", "text": "| Year ended December 31, | 2016 | (in millions) | Operating results-1: | Revenues | Benefits and expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments | Related charges | Investment gains (losses) on trading account assets supporting insurance liabilities, net | Change in experience-rated contractholder liabilities due to asset value changes | Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures | Year Ended December 31, | 2016 | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial mortgage and other loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Investment income after investment expenses | Investment results of other entities and operations-2 | Total investment income | Year Ended December 31, | 2016 | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial mortgage and other loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Total investment income |"}
{"_id": "d8b59441e", "title": "", "text": "gran ted , mo dified, or settled on or after Janu ary 1, 2003.\nAw a rds u n der th e Comp any’s stock o ptio n plan s vest over p erio ds ran gin g fro m o n e to th ree years.\nTh ere f o re, th e co st related to stock-based emp loyee co mp en sation fo r emplo yee sto ck o ption s includ ed in th e d eter mination o f n et in co me fo r th e years end ed Decemb er 31, 2005, 2004 and 2 003 is less than th at which would have been recogn ized if the fair value b as ed metho d h ad b een app lied to all award s sin ce the origin al effective d ate of SFAS No.123.\nTh e Comp any will ad op t the p rovision s o f SFAS 123(R), “Share Based Paymen t,” usin g th e mo difie d p rosp ective transitio n metho d o n Jan uar y 1, 2006.\nTh e Co mp an y do es no t exp ect the ad op tio n of SFAS 123( R) to h ave a material imp act on its fin an cial p osition or resu lts o f op eration s. However, the ad op tio n o f SFAS1 23(R)will ch ange th e ser v i c e p eriod for, an d timin g of, th e reco gnitio n o f comp en sation cost related to re t i rement eligib ility, which will g en erally result in accelerated expen se recogn ition b y th e Co mp an y for its stock based co mpen satio n pro grams.\nTh e Co mpan y cu rre n t l y re c o rd s co mpens atio n cost over th e vesting perio d, r e g a rdless of eligibility for re t i rement (see Note 8, “Commitmen ts an d Co ntin gen cies,” for a d iscussion of th e Comp an y’s re t i remen t p lan).\nIf th e Co mpan y h ad re c o rd ed compen sation co st based on re t i remen t eligibility, th e in cr eas e to co mpen satio n cost du rin g th e year en ded Decemb er 31 , 2005 wou ld n ot h ave been mater ial."}
{"_id": "d8afb062e", "title": "", "text": "| 2009 2008 2007 | Unrecognized tax benefits, January 1 | Gross increases—tax positions in prior periods | Gross decreases—tax positions in prior periods | Gross increases—current period tax positions | Change due to exchange rate fluctuations | Settlements | Lapse of statute of limitations | Unrecognized tax benefits, December 31 | Interest | Penalties | Total reserve for tax contingencies, December 31 |"}
{"_id": "d8806fb62", "title": "", "text": "Reclassifications The Company has reclassified certain prior years amounts to conform to the current years presentation.\nAs of December 31, 2010, we have U. S.  tax net operating loss, capital loss and tax credits, the tax effect of which was $252 million, as compared to $261 million as of December 31, 2009.\nIn addition, we have foreign tax net operating loss carryforwards and tax credits, the tax effect of which was $341 million as of December 31, 2010, as compared to $334 million as of December 31, 2009.\nThese tax attributes will expire periodically beginning in 2011.\nAfter consideration of all positive and negative evidence, we believe that it is more likely than not that a portion of the deferred tax assets will not be realized.\nAs a result, we established a valuation allowance of $357 million as of December 31, 2010 and $329 million as of December 31, 2009.\nThe increase in the valuation allowance as of December 31, 2010, as compared to December 31, 2009, is attributable primarily to foreign net operating losses generated during the year.\nThe income tax impact of the unrealized gain or loss component of other comprehensive income was a benefit of $16 million in 2010, a benefit of $4 million in 2009, and a provision of $1 million in 2008.\nWe do not provide income taxes on unremitted earnings of our foreign subsidiaries where we have indefinitely reinvested such earnings in our foreign operations.\nWe do not believe it is practical to estimate the amount of income taxes payable on the earnings that are indefinitely reinvested in foreign operations.\nUnremitted earnings of our foreign subsidiaries that we have indefinitely reinvested in foreign operations are $9.193 billion as of December 31, 2010 and $9.355 billion as of December 31, 2009.\nAs of December 31, 2010, we had $965 million of gross unrecognized tax benefits, of which net $859 million, if recognized, would affect our effective tax rate.\nAs of December 31, 2009, we had $1.038 billion of gross unrecognized tax benefits, of which net $908 million, exclusive of interest and penalties, if recognized, would affect our effective tax rate.\nA reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows (in millions):"}
{"_id": "d8d99831a", "title": "", "text": "| Year ended December 31  Dollars in millions 2008 2007 | Net interest income | Net interest margin |"}
{"_id": "d8d295874", "title": "", "text": "| 2012 2013 2014 | Cash flows from operating activities—continuing operations | Cash flows from investing activities—continuing operations | Cash flows from financing activities—continuing operations | Cash and cash equivalents at the end of year |"}
{"_id": "d8e579ec2", "title": "", "text": "| Millions of kWhs Delivered Revenues in Millions | Twelve Months Ended | Description | Residential/Religious | Commercial/Industrial | Retail access customers | Public authorities | Other operating revenues | Total |"}
{"_id": "d8cc02a3e", "title": "", "text": "| Investment Objective Value in Billions Percentage of Total AUM | Equity | Growth potential, income potential, value or various combinations thereof | Multi-Asset/Balanced | Asset allocation, balanced, flexible, alternative and income-mixed funds | Fixed Income | Global/international, U.S. tax-free and U.S. taxable | Cash Management | Short-term liquid assets | Total | (in millions) | Gross amount of interest income that would have been recorded in accordance with original contractual terms, and had been outstanding throughout the year or since origination, if held for only part of the year-1 | Interest income actually recognized | Total interest income foregone |"}
{"_id": "d81e741ce", "title": "", "text": "| (In millions) 2019 2020 2021 2022 2023 Thereafter Total | Minimum lease payments | Less: income from subleases -1 | Net minimum lease payments |"}
{"_id": "d86f2afe6", "title": "", "text": "Policyholders’ account balances primarily represent an accumulation of account deposits plus credited interest less withdrawals, expense charges and mortality charges, if applicable.\nThese policyholders’ account balances also include provisions for benefits under non-life contingent payout annuities.\nIncluded in “Funding agreements” at December 31, 2016 and 2015 are $3,758 million and $2,957 million, respectively, related to the Company’s Funding Agreement Notes Issuance Program (“FANIP”).\nUnder this program, which has a maximum authorized amount of $15 billion of medium-term notes and $3 billion of commercial paper, Delaware statutory trusts issue short-term commercial paper and/or medium-term notes to investors that are secured by funding agreements issued to the trusts by Prudential Insurance.\nThe outstanding commercial paper and notes have fixed or floating interest rates that range from 0.0% to 2.6% and original maturities ranging from seven days to five years.\nIncluded in the amounts at December 31, 2016 and 2015 is the medium-term note liability, which is carried at amortized cost, of $3,210 million and $2,958 million, respectively and short-term note liability of $550 million and $0, respectively.\nAlso included in “Funding agreements” are collateralized funding agreements issued to the Federal Home Loan Bank of New York (“FHLBNY”) of $1,001 million for both December 31, 2016 and 2015.\nThese obligations, which are carried at amortized cost, have fixed or floating interest rates that range from 1.1% to 1.7% and original maturities ranging from four to seven years.\nFor additional details on the FHLBNY program, see Note 14.\nInterest crediting rates range from 0% to 7.5% for interest-sensitive life contracts and from 0% to 13.3% for contracts other than interest-sensitive life.\nLess than 1% of policyholders’ account balances have interest crediting rates in excess of 8%.11."}
{"_id": "d8f072fea", "title": "", "text": "| Fiscal Years Operating   Leases | 2011 | 2012 | 2013 | 2014 | 2015 | Later Years | Total |"}
{"_id": "d88f1e712", "title": "", "text": "News and Information Services The Company’s News and Information Services segment consists primarily of Dow Jones, News Corp Australia, News UK, the New York Post and News America Marketing.\nThis segment also includes Unruly, a global video"}
{"_id": "d8663c07e", "title": "", "text": "(a) Unrealized gains/(losses) due to instrument-specific credit risk (DVA) for liabilities for which the fair value option has been elected is recorded in OCI, while realized gains/(losses) are recorded in principal transactions revenue.\nRealized gains/(losses) due to instrument-specific credit risk recorded in principal transactions revenue were not material for the years ended December 31, 2018, 2017 and 2016.\n(b) Long-term debt measured at fair value predominantly relates to structured notes.\nAlthough the risk associated with the structured notes is actively managed, the gains/(losses) reported in this table do not include the income statement impact of the risk management instruments used to manage such risk.\n(c) Reported in mortgage fees and related income.\n(d) Reported in other income.\n(e) Changes in fair value exclude contractual interest, which is included in interest income and interest expense for all instruments other than hybrid financial instruments.\nFor further information regarding interest income and interest expense, refer to Note 7.\nDetermination of instrument-specific credit risk for items for which a fair value election was made The following describes how the gains and losses that are attributable to changes in instrument-specific credit risk, were determined.  ?\nLoans and lending-related commitments: For floating- rate instruments, all changes in value are attributed to instrument-specific credit risk.\nFor fixed-rate instruments, an allocation of the changes in value for the period is made between those changes in value that are interest rate-related and changes in value that are credit-related.\nAllocations are generally based on an analysis of borrower-specific credit spread and recovery information, where available, or benchmarking to similar entities or industries.  ?\nLong-term debt: Changes in value attributable to instrument-specific credit risk were derived principally from observable changes in the Firms credit spread as observed in the bond market.  ?\nSecurities financing agreements: Generally, for these types of agreements, there is a requirement that collateral be maintained with a market value equal to or in excess of the principal amount loaned; as a result, there would be no adjustment or an immaterial adjustment for instrument-specific credit risk related to these agreements."}
{"_id": "d89b8a442", "title": "", "text": "Stock Repurchase Programs and Dividends on Common Stock As described in Note 11 to the financial statements in Item 8 of this Annual Report, during fiscal 2014, fiscal 2013, and fiscal 2012 we continued to repurchase shares of our common stock under a series of repurchase programs that our Board of Directors has authorized.\nAt July 31, 2014, we had authorization from our Board of Directors to expend up to an additional $1.9 billion for stock repurchases through August 19, 2017.\nDuring fiscal 2014 and 2013 we also continued to pay quarterly cash dividends on shares of our outstanding common stock.\nIn August 2014 our Board of Directors declared a quarterly cash dividend of $0.25 per share of outstanding common stock"}
{"_id": "d8f5656f6", "title": "", "text": "| Years Ended September 30, | 2019 | Foreign net sales to unaffiliated customers | Foreign segment income | Foreign long-lived assets | Foreign operations as a percent of consolidated operations: | Foreign net sales to unaffiliated customers | Foreign segment income | Foreign long-lived assets |"}
{"_id": "d88e95ac0", "title": "", "text": "| Year Ended December 31, Year Ended December 31, | 2017 | Cash products (shares in millions): | NYSE listed (Tape A) issues: | Handled volume | Matched volume | Total NYSE listed consolidated volume | Share of total matched consolidated volume | NYSE Arca, NYSE American and regional listed (Tape B) issues: | Handled volume | Matched volume | Total NYSE Arca, NYSE American and regional listed consolidated volume | Share of total matched consolidated volume | Nasdaq listed (Tape C) issues: | Handled volume | Matched volume | Total Nasdaq listed consolidated volume | Share of total matched consolidated volume | Total cash volume handled | Total cash market share matched | Equity options (contracts in thousands): | NYSE equity options | Total equity options volume | NYSE share of total equity options | Revenue capture or rate per contract: | Cash products revenue capture (per 100 shares) | Equity options rate per contract |"}
{"_id": "d8f6f55a2", "title": "", "text": "| Funds Separate Accounts Securities Total | Balance at January 1, 2015 | Inflows | Outflows | Market appreciation (depreciation) | Balance at December 31, 2015 |"}
{"_id": "d8b10a498", "title": "", "text": "| (Dollars in millions) December 31, 2004 | Obligations of equity affiliates | Residual value guarantees | Total |"}
{"_id": "d888f5854", "title": "", "text": "| Maturing in Year Ending October 31, | 2019 | (in thousands) | Cash & Cash equivalent (variable rate) | Average interest rate | Short-term debt (variable rate): | Revolver | Average interest rate | Term Loan | Average interest rate | Credit Facility in China | Average interest rate | October 31, | 2018 | (in thousands) | Computer and other equipment | Buildings | Furniture and fixtures | Land | Leasehold improvements | 935,988 | Less accumulated depreciation and amortization-1 | Total |"}
{"_id": "d8f1fec92", "title": "", "text": "Financial Highlights Net Interest Income Net interest income on a FTE basis decreased $7.1 billion to $45.6 billion for 2011 compared to 2010.\nThe decline was primarily due to lower consumer loan balances and yields and decreased investment security yields, including the acceleration of purchase premium amortization from an increase in modeled prepayment expectations, and increased hedge ineffectiveness.\nLower tradingrelated net interest income also negatively impacted 2011 results.\nOur consolidated net cash flows used for investing activities were $4.2 billion in 2010, compared with $3.2 billion in 2009.\nNet investing activities for the indicated periods were related primarily to net purchases of fixed maturities and for 2010 included the acquisitions of Rain and Hail and Jerneh Insurance Berhad.\nOur consolidated net cash flows from financing activities were $732 million in 2010, compared with net cash flows used for financing activities of $321 million in 2009.\nNet cash flows from/used for financing activities in 2010 and 2009, included dividends paid on our Common Shares of $435 million and $388 million, respectively.\nNet cash flows from financing activities in 2010, included net proceeds of $699 million from the issuance of long-term debt, $1 billion in reverse repurchase agreements, and $300 million in credit facility borrowings.\nThis was partially offset by repayment of $659 million in debt and share repurchases settled in 2010 of $235 million.\nFor 2009, net cash flows used for financing activities included net proceeds from the issuance of $500 million in long-term debt and the net repayment of debt and reverse repurchase agreements of $466 million.\nBoth internal and external forces influence our financial condition, results of operations, and cash flows.\nClaim settlements, premium levels, and investment returns may be impacted by changing rates of inflation and other economic conditions.\nIn many cases, significant periods of time, ranging up to several years or more, may lapse between the occurrence of an insured loss, the reporting of the loss to us, and the settlement of the liability for that loss.\nFrom time to time, we utilize reverse repurchase agreements as a low-cost alternative for short-term funding needs.\nWe use these instruments on a limited basis to address short-term cash timing differences without disrupting our investment portfolio holdings and settle the transactions with future operating cash flows.\nAt December 31, 2010, there were $1 billion in reverse repurchase agreements outstanding (refer to Short-term Debt).\nIn addition to cash from operations, routine sales of investments, and financing arrangements, we have agreements with a bank provider which implemented two international multi-currency notional cash pooling programs to enhance cash management efficiency during periods of short-term timing mismatches between expected inflows and outflows of cash by currency.\nIn each program, participating ACE entities establish deposit accounts in different currencies with the bank provider and each day the credit or debit balances in every account are notionally translated into a single currency (U. S.  dollars) and then notionally pooled.\nThe bank extends overdraft credit to any participating ACE entity as needed, provided that the overall notionally-pooled balance of all accounts in each pool at the end of each day is at least zero.\nActual cash balances are not physically converted and are not co-mingled between legal entities.\nACE entities may incur overdraft balances as a means to address short-term timing mismatches, and any overdraft balances incurred under this program by an ACE entity would be guaranteed by ACE Limited (up to $150 million in the aggregate).\nOur revolving credit facility allows for same day drawings to fund a net pool overdraft should participating ACE entities withdraw contributed funds from the pool."}
{"_id": "d8d530c96", "title": "", "text": "| Property Name Interest Rate Face Amount Annual Debt Service -1 Maturity Date | Summit Mall | The Crossings Premium Outlets | Town Center at Cobb | University Park Village | White Oaks Mall | Williamsburg Premium Outlets | Wolfchase Galleria | Woodland Hills Mall | Total Consolidated Secured Indebtedness | Unsecured Indebtedness: | Simon Property Group, LP: | Global Commercial Paper - Euro | Global Commercial Paper - USD | Supplemental Credit Facility - USD | Supplemental Credit Facility - Yen Currency | Unsecured Notes - 22B | Unsecured Notes - 22C | Unsecured Notes - 23A | Unsecured Notes - 24B | Unsecured Notes - 25A | Unsecured Notes - 25B | Unsecured Notes - 25C | Unsecured Notes - 26A | Unsecured Notes - 26B | Unsecured Notes - 27A | Unsecured Notes - 27B | Unsecured Notes - 28A | Unsecured Notes - 28B | Unsecured Notes - 29A | Unsecured Notes - 29B | Unsecured Notes - 30A | Unsecured Notes - 30B | Unsecured Notes - 31A | Unsecured Notes - 31B | Unsecured Notes - 31C | Unsecured Notes - Euro 1 | Unsecured Notes - Euro 2 | Unsecured Notes - Euro 3 | Total Consolidated Unsecured Indebtedness | Total Consolidated Indebtedness at Face Amounts | Premium on Indebtedness | Discount on Indebtedness | Debt Issuance Costs on Fixed-Rate Indebtedness |"}
{"_id": "d87b02030", "title": "", "text": "| Year ended December 31, | 2005 | (In millions) | U.S. treasury and government agency securities | Corporate debt securities | Mortgage-backed and other securities | $431 |"}
{"_id": "d81511816", "title": "", "text": "| RevPAR Occupancy Average Daily Rate | 2016 | JW Marriott | The Ritz-Carlton | W Hotels | Composite North American Luxury-1 | Marriott Hotels | Sheraton | Westin | Composite North American Upper Upscale-2 | North American Full-Service-3 | Courtyard | Residence Inn | Composite North American Limited-Service-4 | North American - All-5 | RevPAR | 2016 | JW Marriott | The Ritz-Carlton | W Hotels | Composite North American Luxury-1 | Marriott Hotels | Sheraton | Westin | Composite North American Upper Upscale-2 | North American Full-Service-3 | Courtyard | Residence Inn | Fairfield Inn & Suites | Composite North American Limited-Service-4 | North American - All-5 |"}
{"_id": "d8dd8d5ba", "title": "", "text": "| Citigroup Inc. Citibank, N.A. | Seniordebt | Fitch Ratings (Fitch) | Moody’s Investors Service (Moody’s) | Standard & Poor’s (S&P) |"}
{"_id": "d8d7728d8", "title": "", "text": "| 2017 2016 2015 | (In thousands) | Residential | Commercial | Industrial | Public & other | Total |"}
{"_id": "d8ddc69f0", "title": "", "text": "| December 31 | (Dollars in millions) | Consumer | Residential mortgage-2 | Home equity | Discontinued real estate-3 | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer-4 | Other consumer-5 | Total consumer loans | Consumer loans accounted for under the fair value option-6 | Total consumer | Commercial | U.S. commercial-7 | Commercial real estate-8 | Commercial lease financing | Non-U.S. commercial | Total commercial loans | Commercial loans accounted for under the fair value option-6 | Total commercial | Total loans and leases |"}
{"_id": "d8c1ec220", "title": "", "text": "| Year Ended December 31, Change | (DOLLARS IN THOUSANDS EXCEPT PER SHARE AMOUNTS) | Net sales | Cost of goods sold | Gross profit | Research and development (R&D) expenses | Selling and administrative (S&A) expenses | Restructuring and other charges, net | Operating profit | Interest expense | Other expense, net | Income before taxes | Taxes on income | Net income | Net income per share — diluted | Gross margin | R&D as a percentage of sales | S&A as a percentage of sales | Operating margin | Effective tax rate | Segment net sales | Flavors | Fragrances | Consolidated |"}
{"_id": "d88928bfa", "title": "", "text": "Mortgage fees and related income This revenue category primarily reflects CCB’s Mortgage Production and Mortgage Servicing revenue, including: fees and income derived from mortgages originated with the intent to sell; mortgage sales and servicing including losses related to the repurchase of previously-sold loans; the impact of risk management activities associated with the mortgage pipeline, warehouse loans and MSRs; and revenue related to any residual interests held from mortgage securitizations.\nThis revenue category also includes gains and losses on sales and lower of cost or fair value adjustments for mortgage loans held-for-sale, as well as changes in fair value for mortgage loans originated with the intent to sell and measured at fair value under the fair value option.\nChanges in the fair value of CCB MSRs are reported in mortgage fees and related income.\nNet interest income from mortgage loans is recorded in interest income.\nFor a further discussion of MSRs, see Note 17 on pages 299–304 of this Annual Report.\nCard income This revenue category includes interchange income from credit and debit cards and net fees earned from processing credit card transactions for merchants.\nCard income is recognized as earned.\nAnnual fees and direct loan origination costs are deferred and recognized on a straight-line basis over a 12-month period.\nExpense related to rewards programs is recorded when the rewards are earned by the customer and netted against interchange income.\nCredit card revenue sharing agreements The Firm has contractual agreements with numerous co-brand partners and affinity organizations (collectively, “partners”), which grant the Firm exclusive rights to market to the customers or members of such partners.\nThese partners endorse the credit card programs and provide their customer and member lists to the Firm, and they may also conduct marketing activities and provide awards under the various credit card programs.\nThe terms of these agreements generally range from three to ten years.\nThe Firm typically makes incentive payments to the partners based on new account originations, charge volumes and the cost of the partners’ marketing activities and awards.\nPayments based on new account originations are accounted for as direct loan origination costs.\nPayments to partners based on charge volumes are deducted from interchange income as the related revenue is earned.\nPayments based on marketing efforts undertaken by the partners are expensed by the Firm as incurred and reported as noninterest expense.\nOther income Included in other income is operating lease income of $1.5 billion, $1.3 billion and $1.2 billion for the years ended December 31, 2013, 2012 and 2011, respectively.\nAdditionally, included in other income is a net pre-tax gain of approximately $1.3 billion, from the sale of the Visa B Shares.\nSee Note 2 on pages 192–194 of this Annual Report for more information."}
{"_id": "d89bb4daa", "title": "", "text": "| Less Than One Year 2005-2006 2007-2008 More than Five Years Total | Contractual Obligations: | Long-Term Debt | Line of Credit | Acquisition and construction commitments | $250,587 |"}
{"_id": "d8e243302", "title": "", "text": "Recoverability of goodwill is measured at the reporting unit level and begins with a qualitative assessment to determine if it is more likely than not that the fair value of each reporting unit is less than its carrying amount as a basis for determining whether it is necessary to perform the two-step goodwill impairment test prescribed by GAAP.\nFor those reporting units where it is required, the first step compares the carrying amount of the reporting unit to its estimated fair value.\nIf the estimated fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not impaired and the second step of the impairment test is not necessary.\nTo the extent that the carrying value of the reporting unit exceeds its estimated fair value, a second step is performed, wherein the reporting unit's carrying value of goodwill is compared to the implied fair value of goodwill.\nTo the extent that the carrying value exceeds the implied fair value, impairment exists and must be recognized.\nThe calculation of estimated fair value is based on two valuation techniques, a discounted cash flow model (income approach) and a market adjusted multiple of earnings and revenues (market approach), with each method being weighted in the calculation.\nThe implied fair value of goodwill is determined in the same manner as the amount of goodwill recognized in a business combination.\nThe estimated fair value of the reporting unit is allocated to all of the assets and liabilities of the reporting unit (including any unrecognized intangible assets) as if the reporting unit had been acquired in a business combination and the fair value of the reporting unit, as determined in the first step of the goodwill impairment test, was the price paid to acquire that reporting unit.\nRecoverability of other intangible assets with indefinite useful lives (i. e.  Trademarks) is determined on a relief from royalty methodology (income approach), which is based on the implied royalty paid, at an appropriate discount rate, to license the use of an asset rather than owning the asset.\nThe present value of the after-tax cost savings (i. e.  royalty relief) indicates the estimated fair value of the asset.\nAny excess of the carrying value over the estimated fair value is recognized as an impairment loss equal to that excess.\nIntangible assets such as patents, customer-related intangible assets and other intangible assets with finite useful lives are amortized on a straight-line basis over their estimated economic lives.\nThe weighted-average useful lives approximate the following:"}
{"_id": "d899d9828", "title": "", "text": "NOTE 13 EMPLOYEE BENEFIT PLANS Pension And Postretirement Plans We have a noncontributory, qualified defined benefit pension plan covering eligible employees.\nBenefits are determined using a cash balance formula where earnings credits are a percentage of eligible compensation.\nEarnings credit percentages for those employees who were plan participants on December 31, 2009 are frozen at their level earned to that point.\nEarnings credits for all employees who become participants on or after January 1, 2010 are a flat 3% of eligible compensation.\nPlan participants at December 31, 2009 earn interest based on 30-year Treasury securities with a minimum rate, while new participants on or after January 1, 2010 are not subject to the minimum rate.\nPension contributions are based on an actuarially determined amount necessary to fund total benefits payable to plan participants.\nWe also maintain nonqualified supplemental retirement plans for certain employees and provide certain health care and life insurance benefits for qualifying retired employees (postretirement benefits) through various plans.\nThe nonqualified pension and postretirement benefit plans are unfunded.\nPNC currently intends to begin funding some or all of the postretirement medical benefit obligations through a voluntary employee beneficiary association (VEBA) in mid-to-late 2015.\nPNC reserves the right to terminate plans or make plan changes at any time.\nWe use a measurement date of December 31 for plan assets and benefit obligations.\nA reconciliation of the changes in the projected benefit obligation for qualified pension, nonqualified pension and postretirement benefit plans as well as the change in plan assets for the qualified pension plan follows."}
{"_id": "d86f5c744", "title": "", "text": "| North America Europe,Middle East& Africa Asia Pacific South America Total | Signal and Power Solutions | Advanced Safety and User Experience | Total |"}
{"_id": "d819e656c", "title": "", "text": "| 2012 2011 2010 | Net sales | Operating profit | Operating margins | Backlog at year-end |"}
{"_id": "d827ba792", "title": "", "text": "| Year ended September 30, % change | $ in thousands | Revenues: | Securities commissions and fees: | Fee-based accounts | Mutual funds | Insurance and annuity products | Equity products | Fixed income products | New issue sales credits | Subtotal securities commissions and fees | Interest income | Account and service fees: | Mutual fund and annuity service fees | RJBDP fees - third-party banks | Affiliate deposit account servicing fees from RJ Bank | Client account and service fees | Client transaction fees and other | Subtotal account and service fees | Other | Total revenues | Interest expense | Net revenues | Non-interest expenses: | Sales commissions | Admin & incentive compensation and benefit costs | Communications and information processing | Occupancy and equipment costs | Business development | Jay Peak matter | Other | Total non-interest expenses | Pre-tax income |"}
{"_id": "d81e74232", "title": "", "text": "| 2015 2014 2013 | Asset impairments | Layoff costs | Legal matters in Italy | Net loss on divestitures of businesses | Resolution of a legal matter | Other | Reversals of previously recorded layoff and other exit costs | Restructuring and other charges |"}
{"_id": "d8dd134c2", "title": "", "text": "| September 30, 2007 September 30, 2006 | (in 000's) | Current Portion of Loans Payable | Long-Term Portion of Loans Payable | Total Loans Payable |"}
{"_id": "d8ee29ad6", "title": "", "text": "| For the years ended December 31, | 2006 | Statements of Income: | Revenue | Restaurant sales | Franchise royalties and fees | Total revenue | Food, beverage and packaging costs | Labor costs | Occupancy costs | Other operating costs | General and administrative expenses | Depreciation and amortization | Pre-opening costs | Loss on disposal of assets | Total costs and expenses | Income (loss) from operations | Interest income | Interest expense | Income (loss) before income taxes | (Provision) benefit for income taxes(1) | Net income (loss) | Earnings (loss) per share(2) | Basic | Diluted | Shares used in computing earnings (loss) per share(2) | Basic | Diluted |"}
{"_id": "d87a08abc", "title": "", "text": "| In millions Interest OnlyProduct Principal andInterest Product | 2016 | 2017 | 2018 | 2019 | 2020 and thereafter | Total (a) (b) |"}
{"_id": "d8829b184", "title": "", "text": "| (in millions) Purchase Commitments Operating Leases | 2014 | 2015 | 2016 | 2017 | 2018 | Subsequent years | $5,410.2 |"}
{"_id": "d8e075e8a", "title": "", "text": "The following table summarizes NRG's U. S.  Coal capacity and the corresponding revenues and average natural gas prices and positions resulting from Coal hedge agreements extending beyond December 31, 2013, and through 2018 for the East region:"}
{"_id": "d8cd216fe", "title": "", "text": "| Millions OperatingLeases CapitalLeases | 2017 | 2018 | 2019 | 2020 | 2021 | Later years | Total minimum lease payments | Amount representing interest | Present value of minimum lease payments |"}
{"_id": "d8d845d5a", "title": "", "text": "W.  Subsequent Events Management evaluated all activity of Arconic and concluded that no subsequent events have occurred that would require recognition in the Consolidated Financial Statements or disclosure in the Notes to the Consolidated Financial Statements, except as noted below: On January 22, 2019, the Company announced that its Board of Directors (the Board) had determined to no longer pursue a potential sale of Arconic as part of its strategy and portfolio review.\nOn February 6, 2019, the Company announced that the Board appointed John C.  Plant, current Chairman of the Board, as Chairman and Chief Executive Officer of the Company, effective February 6, 2019, to succeed Chip Blankenship, who ceased to serve as Chief Executive Officer of the Company and resigned as a member of the Board, in each case as of that date.\nIn addition, the Company announced that the Board appointed Elmer L.  Doty, current member of the Board, as President and Chief Operating Officer, a newly created position, effective February 6, 2019.\nMr.  Doty will remain a member of the Board.\nThe Company also announced that Arthur D.  Collins, Jr. , current member of the Board, has been appointed interim Lead Independent Director of the Company, effective February 6, 2019.\nOn February 8, 2019, the Company announced the following key initiatives as part of its ongoing strategy and portfolio review: plans to reduce operating costs, designed to maximize the impact in 2019; the planned separation of its portfolio into Engineered Products and Forgings (EP&F) and Global Rolled Products (GRP), with a spin-off of one of the businesses; the potential sale of businesses that do not best fit into EP&F or GRP; execute its previously authorized $500 share repurchase program in the first half of 2019; the Board authorized an additional $500 of share repurchases, effective through the end of 2020; and plans to reduce its quarterly common stock dividend from $0.06 to $0.02 per share.\nOn February 19, 2019, the Company entered into an accelerated share repurchase (“ASR”) agreement with JPMorgan Chase Bank to repurchase $700 of its common stock, pursuant to the share repurchase program previously authorized by the Board.\nUnder the ASR agreement, Arconic will receive initial delivery of approximately 32 million shares on February 21, 2019.\nThe final number of shares to be repurchased will be based on the volume-weighted average price of Arconic’s common stock during the term of the transaction, less a discount.\nThe ASR agreement is expected to be completed during the first half of 2019.\nThe Company will evaluate its organizational structure in conjunction with the planned separation of its portfolio and changes to its reportable segments are expected in the first half of 2019.\nThe increase in comprehensive income (loss) attributable to Johnson Controls was due to higher net income (loss) attributable to Johnson Controls ($2,479 million) and an increase in other comprehensive loss attributable to Johnson Controls ($195 million) primarily related to favorable foreign currency translation adjustments.\nThese year-over-year favorable foreign currency translation adjustments were primarily driven by the strengthening of the euro and British pound currencies against the U. S.  dollar, partially offset by the weakening of the Japanese yen currency against the U. S.  dollar.\nSegment Analysis Management evaluates the performance of its business units based primarily on segment EBITA, which is defined as income from continuing operations before income taxes and noncontrolling interests, excluding general corporate expenses, intangible asset amortization, net financing charges, significant restructuring and impairment costs, and net mark-to-market adjustments on pension and postretirement plans.\nBuilding Technologies & Solutions"}
{"_id": "d8a4cefda", "title": "", "text": "| Year ended December 31 (in millions) 2015 2014 2013 % Change 2014 to 2015 % Change 2013 to 2014 | Revenue | Operating costs and expenses | Operating loss before depreciation and amortization |"}
{"_id": "d88b068e6", "title": "", "text": "| Defined Benefit Pension Plan Postretirement Healthcare Plans Supplemental Executive Retirement Plan | 2009 | Components of net periodic benefit cost: | Service cost | Interest cost | Expected return on plan assets | Curtailment recognition | Net periodic benefit cost | Weighted average assumptions used to determine net periodic benefit cost: | Discount rate | Expected return on plan assets | Rate of compensation increase |"}
{"_id": "d86d78c34", "title": "", "text": "Recent Credit Ratings Developments On November 29, 2018, Moodys placed the long-term ratings of Citigroup and Citibank, N. A.  on Review for Possible Upgrade.\n Over the course of the review period, Moodys will assess, among other things, Citis ability to achieve its medium-term efficiency and profitability targets while maintaining strong governance and risk controls.\nOn February 21, 2019, Moodys upgraded the ratings for long-term debt, deposits and counterparty risk of Citigroup and certain of its subsidiaries, as well as the baseline credit assessment (BCA) of Citibank, N. A.\nIn addition, Moodys affirmed all short-term ratings and assessments of Citigroup and those subsidiaries.\nThe ratings outlook was changed to Stable from Review for Possible Upgrade.\n Potential Impacts of Ratings Downgrades Ratings downgrades by Moodys, Fitch or S&P could negatively impact Citigroups and/or Citibanks funding and liquidity due to reduced funding capacity, including derivative triggers, which could take the form of cash obligations and collateral requirements.\nThe following information is provided for the purpose of analyzing the potential funding and liquidity impact to Citigroup and Citibank of a hypothetical, simultaneous ratings downgrade across all three major rating agencies.\nThis analysis is subject to certain estimates, estimation methodologies, judgments and uncertainties.\nUncertainties include potential ratings limitations that certain entities may have with respect to permissible counterparties, as well as general subjective counterparty behavior.\nFor example, certain corporate customers and markets counterparties could re-evaluate their business relationships with Citi and limit transactions in certain contracts or market instruments with Citi.\nChanges in counterparty behavior could impact Citis funding and liquidity, as well as the results of operations of certain of its businesses.\nThe actual impact to Citigroup or Citibank is unpredictable and may differ materially from the potential funding and liquidity impacts described below.\nFor additional information on the impact of credit rating changes on Citi and its applicable subsidiaries, see Risk FactorsLiquidity Risks above.\nCitigroup Inc.  and CitibankPotential Derivative Triggers As of December 31, 2018, Citi estimates that a hypothetical one-notch downgrade of the senior debt/long-term rating of Citigroup Inc.  across all three major rating agencies could impact Citigroups funding and liquidity due to derivative triggers by approximately $0.2 billion, compared to $0.4 billion as of September 30, 2018.\nOther funding sources, such as secured financing transactions and other margin requirements, for which there are no explicit triggers, could also be adversely affected.\nAs of December 31, 2018, Citi estimates that a hypothetical onenotch downgrade of the senior debt/long-term rating of Citibank across all three major rating agencies could impact Citibanks funding and liquidity by approximately $0.5 billion, compared to $1.2 billion as of September 30, 2018.\nIn total, Citi estimates that a one-notch downgrade of Citigroup and Citibank, across all three major rating agencies, could result in increased aggregate cash obligations and collateral requirements of approximately $0.7 billion, compared to $1.6 billion as of September 30, 2018 (see also Note 22 to the Consolidated Financial Statements).\nAs detailed under HighQuality Liquid Assets above, the liquidity resources that are eligible for inclusion in the calculation of Citis consolidated HQLA were approximately $339billion for Citibank and $65 billion for Citis non-bank and other entities, for a total of approximately $404 billion as of December 31, 2018.\nThese liquidity resources are available in part as a contingency for the potential events described above.\nIn addition, a broad range of mitigating actions are currently included in Citigroups and Citibanks contingency funding plans.\nFor Citigroup, these mitigating factors include, but are not limited to, accessing surplus funding capacity from existing clients, tailoring levels of secured lending and adjusting the size of select trading books and collateralized borrowings from certain Citibank subsidiaries.\nMitigating actions available to Citibank include, but are not limited to, selling or financing highly liquid government securities, tailoring levels of secured lending, adjusting the size of select trading assets, reducing loan originations and renewals, raising additional deposits or borrowing from the FHLB or central banks.\nCiti believes these mitigating actions could substantially reduce the funding and liquidity risk, if any, of the potential downgrades described above."}
{"_id": "d898834a6", "title": "", "text": "| For the Years Ended December 31, 2014, 2013 and 2012 | Residential Mortgage Banking | 2014 | Net interest income(a) | Noninterest income | 421,514 | Provision for credit losses | Amortization of core deposit and other intangible assets | Depreciation and other amortization | Other noninterest expense | Income (loss) before taxes | Income tax expense (benefit) | Net income (loss) | Average total assets (in millions) | Capital expenditures (in millions) |"}
{"_id": "d868c163c", "title": "", "text": "| Amount (In Millions) | 2015 net revenue | Nuclear realized price changes | Rhode Island State Energy Center | Nuclear volume | FitzPatrick reimbursement agreement | Nuclear fuel expenses | Other | 2016 net revenue |"}
{"_id": "d81452222", "title": "", "text": "| Years Ended December 31,(in millions) 2010 2009 2008 | Summary: | Net cash provided by (used in) operating activities | Net cash provided by (used in) investing activities | Net cash used in financing activities | Effect of exchange rate changes on cash | Change in cash | Cash at beginning of year | Reclassification of assets held for sale | Cash at end of year |"}
{"_id": "d8c23533a", "title": "", "text": "Credit risk capital Credit risk capital is estimated separately for the wholesale businesses (IB, CB, TSS and AM) and consumer businesses (RFS and CS).\nCredit risk capital for the overall wholesale credit portfolio is defined in terms of unexpected credit losses, both from defaults and declines in the portfolio value due to credit deterioration, measured over a one-year period at a confidence level consistent with an AA credit rating standard.\nUnexpected losses are losses in excess of those for which provisions for credit losses are maintained.\nThe capital methodology is based upon several principal drivers of credit risk: exposure at default (or loan-equivalent amount), default likelihood, credit spreads, loss severity and portfolio correlation.\nCredit risk capital for the consumer portfolio is based upon product and other relevant risk segmentation.\nActual segment level default and severity experience are used to estimate unexpected losses for a one-year horizon at a confidence level consistent with an AA credit rating standard.\nStatistical results for certain segments or portfolios are adjusted to ensure that capital is consistent with external benchmarks, such as subordination levels on market transactions or capital held at representative monoline competitors, where appropriate.\nMarket risk capital The Firm calculates market risk capital guided by the principle that capital should reflect the risk of loss in the value of portfolios and financial instruments caused by adverse movements in market variables, such as interest and foreign exchange rates, credit spreads, securities prices and commodities prices.\nDaily Value-at-Risk (VaR), biweekly stress-test results and other factors are used to determine appropriate capital levels.\nThe Firm allocates market risk capital to each business segment according to a formula that weights that segments VaR and stress-test exposures.\nSee Market Risk Management on pages 111116 of this Annual Report for more information about these market risk measures.\nOperational risk capital Capital is allocated to the lines of business for operational risk using a risk-based capital allocation methodology which estimates operational risk on a bottom-up basis.\nThe operational risk capital model is based upon actual losses and potential scenario-based stress losses, with adjustments to the capital calculation to reflect changes in the quality of the control environment or the use of risk-transfer products.\nThe Firm believes its model is consistent with the new Basel II Framework.\nPrivate equity risk capital Capital is allocated to privately and publicly held securities, third-party fund investments and commitments in the private equity portfolio to cover the potential loss associated with a decline in equity markets and related asset devaluations.\nIn addition to negative market fluctuations, potential losses in private equity investment portfolios can be magnified by liquidity risk.\nThe capital allocation for the private equity portfolio is based upon measurement of the loss experience suffered by the Firm and other market participants over a prolonged period of adverse equity market conditions.\nRegulatory capital The Board of Governors of the Federal Reserve System (the Federal Reserve) establishes capital requirements, including well-capitalized standards for the consolidated financial holding company.\nThe Office of the Comptroller of the Currency (OCC) establishes similar capital requirements and standards for the Firms national banks, including JPMorgan Chase Bank, N. A. , and Chase Bank USA, N. A.\nThe Federal Reserve granted the Firm, for a period of 18 months following the Bear Stearns merger, relief up to a certain specified amount and subject to certain conditions from the Federal Reserves risk-based capital and leverage requirements with respect to Bear Stearns risk-weighted assets and other exposures acquired.\nThe amount of such relief is subject to reduction by one-sixth each quarter subsequent to the merger and expires on October 1, 2009.\nThe OCC granted JPMorgan Chase Bank, N. A.  similar relief from its risk-based capital and leverage requirements.\nJPMorgan Chase maintained a well-capitalized position, based upon Tier 1 and Total capital ratios at December 31, 2008 and 2007, as indicated in the tables below.\nFor more information, see Note 30 on pages 212213 of this Annual Report."}
{"_id": "d89b68144", "title": "", "text": "| Year ended December 31,(in millions, except rates) 2017 2016 2015 | Net interest income – managed basis(a)(b) | Less: CIB Markets net interest income(c) | Net interest income excluding CIB Markets(a) | Average interest-earning assets | Less: Average CIB Markets interest-earning assets(c) | Average interest-earning assets excluding CIB Markets | Net interest yield on average interest-earning assets – managed basis | Net interest yield on average CIB Markets interest-earning assets(c) | Net interest yield on average interest-earning assets excluding CIB Markets |"}
{"_id": "d89698830", "title": "", "text": "| Quarter Ended | March 31, | 2006 | Processing and services revenues | Earnings before income taxes, equity in earnings (loss) of unconsolidated entities and minority interest | Net earnings | Basic earnings per share | Diluted earnings per share | 2005 | Processing and services revenues | Earnings before income taxes, equity in earnings (loss) of unconsolidated entities and minority interest | Net earnings | Basic earnings per share | Diluted earnings per share |"}
{"_id": "d8445e56a", "title": "", "text": "| Bank of America Corporation Bank of America, N.A. | Standardized Approach | (Dollars in millions, except as noted) | Risk-based capital metrics: | Common equity tier 1 capital | Tier 1 capital | Total capital-4 | Risk-weighted assets (in billions) | Common equity tier 1 capital ratio | Tier 1 capital ratio | Total capital ratio | Leverage-based metrics: | Adjusted quarterly average assets (in billions)(5) | Tier 1 leverage ratio | SLR leverage exposure (in billions) | SLR | December 31, 2017 | Risk-based capital metrics: | Common equity tier 1 capital | Tier 1 capital | Total capital-4 | Risk-weighted assets (in billions) | Common equity tier 1 capital ratio | Tier 1 capital ratio | Total capital ratio | Leverage-based metrics: | Adjusted quarterly average assets (in billions)(5) | Tier 1 leverage ratio |"}
{"_id": "d8c109114", "title": "", "text": "| ($ in millions) Proceeds | 3-year variable rate bank loan-1 | 2.30% notes, due 2019 | 15-year 2.5% fixed rate note-1 | 30-year 3.0% fixed rate note-1 | Total cash proceeds |"}
{"_id": "d870f4926", "title": "", "text": "| Years ended December 31, | 2014 | Statutory U.S. federal income tax rate | State income tax, net of federal effect | Differences in rates and taxability of foreign subsidiaries and joint ventures | Research tax credits | Other, net | Effective tax rate |"}
{"_id": "d895bc5e2", "title": "", "text": "| 2018 2017 Change % Change | Work days | Revenue(in thousands) | Operating ratio | Net income(in thousands) | Diluted earnings per share | LTL tons(in thousands) | LTL shipments(in thousands) | LTL weight per shipment(lbs.) | LTL revenue per hundredweight | LTL revenue per shipment | LTL revenue per intercity mile | LTL intercity miles(in thousands) | Average length of haul(miles) |"}
{"_id": "d8822db5c", "title": "", "text": "Services Sales Our services sales represent about 20% of our net sales for 2012 and 2011.\nOur services sales decreased $209 million, or 2%, during 2012 compared to 2011.\nServices sales at MFC decreased about $105 million primarily due to lower volume and risk retirements on various services programs.\nServices sales at MST decreased about $60 million primarily due to lower volume on various training services programs.\nServices sales at IS&GS decreased about $40 million primarily due to the substantial completion of the Outsourcing Desktop Initiative for NASA (ODIN) during 2011 and lower volume on the Hanford Mission Support (Hanford) contract, partially offset by higher net sales from QTC, which was acquired in the fourth quarter of 2011.\nOur services sales represent about 20% of our net sales for 2011 and 2010.\nOur services sales increased $283 million, or 3%, during 2011 compared to 2010.\nThe increase in services sales was attributable to higher services sales at both our MFC and IS&GS business segments.\nServices sales at MFC increased about $215 million primarily due to growth on the Special Operations Forces Contractor Logistics Support Services (SOF CLSS) program, partially offset by decreased volume on various services programs.\nServices sales at IS&GS increased about $155 million due to activities on a number of smaller contracts."}
{"_id": "d8f66c950", "title": "", "text": "| Year Ended December 31, | 2010 | (in millions) | Asset management fees and other income | Interest Rate | Commodity | Currency | Equity | Total asset management fees and other income | Year ended December 31, | 2010 | (in millions) | Annualized New Business Premiums-1: | Variable Life | Universal Life | Term Life | Total | Annualized new business premiums by distribution channel-1: | Prudential Agents | Third party | Total |"}
{"_id": "d8a3126c4", "title": "", "text": "| Common Stock Treasury Stock | Balance, January 1, 2000 | Shares issued | Treasury stock purchased | Balance, December 31, 2000 | Shares issued | Treasury stock purchased | Balance, December 31, 2001 | Shares issued | Treasury stock purchased | Balance, December 31, 2002 |"}
{"_id": "d8e7cc706", "title": "", "text": "| 2011 Quarters 2010 Quarters | (Dollars in millions, except per share information) | Reconciliation of average shareholders’ equity to average tangible shareholders’ equity | Shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible shareholders’ equity | Reconciliation of period-end common shareholders’ equity to period-end tangible common shareholders’ equity | Common shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible common shareholders’ equity | Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity | Shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible shareholders’ equity | Reconciliation of period-end assets to period-end tangible assets | Assets | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible assets |"}
{"_id": "d883b0074", "title": "", "text": "Note 10.\nCommitments and Contingencies Credit-Related Commitments and Contingencies: Credit-related financial instruments, which are off-balance sheet, include indemnified securities financing, unfunded commitments to extend credit or purchase assets, and standby letters of credit.\nThe potential loss associated with indemnified securities financing, unfunded commitments and standby letters of credit is equal to the total gross contractual amount, which does not consider the value of any collateral.\nThe following table summarizes the total gross contractual amounts of credit-related off-balance sheet financial instruments at December 31.\nAmounts reported do not reflect participations to independent third parties."}
{"_id": "d8dd8d358", "title": "", "text": "| In millions of dollars at year end Due within 1 year Over 1 year but within 5 years Over 5 years Total | Corporate loan portfolio maturities In U.S. offices: | Commercial and industrial loans | Financial institutions | Mortgage and real estate | Lease financing | In offices outside the U.S. | Total corporate loans | Fixed/variable pricing of corporate loans with maturities due after one year-1 | Loans at fixed interest rates | Loans at floating or adjustable interest rates | Total |"}
{"_id": "d8dd40efe", "title": "", "text": "| Years Ended December 31, | 2010 | (In millions) | Balance at January 1, | Additions for tax positions of prior years | Reductions for tax positions of prior years | Additions for tax positions of current year | Reductions for tax positions of current year | Settlements with tax authorities | Lapses of statutes of limitations | Balance at December 31, |"}
{"_id": "d87fdd640", "title": "", "text": "| Pro Forma Stock-Based Compensation Expense Year Ended December 31, | Millions of Dollars, Except Per Share Amounts | Net income, as reported | Stock-based employee compensation expense, reported in net income, net of tax | Total stock-based employee compensation expense determined under fair value–based method for allawards, net of tax [a] | Pro forma net income | Earnings per share – basic, as reported | Earnings per share – basic, pro forma | Earnings per share – diluted, as reported | Earnings per share – diluted, pro forma |"}
{"_id": "d8c6d6c0e", "title": "", "text": "| December 31, 2016 December 31, 2015 | In millions | Derivatives used for hedging under GAAP | Interest rate contracts (c): | Fair value hedges | Cash flow hedges | Foreign exchange contracts: | Net investment hedges | Total derivatives designated for hedging | Derivatives not used for hedging under GAAP | Derivatives used for mortgage banking activities (d): | Interest rate contracts: | Swaps | Futures (e) | Mortgage-backed commitments | Other | Subtotal | Derivatives used for customer-related activities: | Interest rate contracts: | Swaps | Futures (e) | Mortgage-backed commitments | Other | Subtotal | Foreign exchange contracts and other | Subtotal | Derivatives used for other risk management activities: | Foreign exchange contracts and other (f) | Total derivatives not designated for hedging | Total gross derivatives | Less: Impact of legally enforceable master netting agreements | Less: Cash collateral received/paid | Total derivatives |"}
{"_id": "d86a2e506", "title": "", "text": "| December 31, Change from 2017-2016 | (in millions) | Commercial | Commercial real estate | Leases | Total commercial loans and leases | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Automobile | Education-1 | Credit cards | Other retail | Total retail loans | Total loans and leases |"}
{"_id": "d8ee998f4", "title": "", "text": "| Years Ended December 31, 2007/2006 2006/2005 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting (loss) gain | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8ef48e6c", "title": "", "text": "Insurance  Overseas Generals net premiums written decreased in 2009, compared with 2008, primarily due to a strengthening of the U. S.  dollar relative to major currencies.\nRefer to the table below for the impact of foreign exchange on net premiums written and earned.\nOn a constant dollar basis, our international retail operations experienced P&C growth in all regions, with the exception of the Far East, and reported increased A&H business in Europe, Asia, and Latin America.\nIn addition to the unfavorable foreign exchange impact, our London wholesale business unit reported lower constant dollar production within most product lines.\nInsurance  Overseas Generals net premiums written increased in 2008, compared with 2007, primarily due to the inclusion of Combined Insurance, which added $370 million of net premiums written.\nInsurance  Overseas Generals net premiums earned decreased in 2009, compared with 2008, primarily due to an unfavorable foreign exchange impact.\nOn a constant dollar basis, net premiums earned increased due to growth in P&C production in our international retail operations.\nOur London wholesale operations reported a decline in net premiums earned due to lower production.\nInsurance  Overseas Generals net premiums earned increased in 2008, compared with 2007, primarily due to the added premiums from Combined Insurance, growth in A&H production, and favorable foreign exchange impact.\nCombined Insurance added $371 million to this segments 2008 net premiums earned."}
{"_id": "d8d2b2d84", "title": "", "text": "| U.S. Canada Total | Proved undeveloped reserves as of December 31, 2013 | Extensions and discoveries | Revisions due to prices | Revisions other than price | Sale of reserves | Conversion to proved developed reserves | Proved undeveloped reserves as of December 31, 2014 |"}
{"_id": "d8e903c50", "title": "", "text": "| December 31, (in millions) 2008 2007 | Securities purchased under resale agreements(a) | Securities borrowed(b) | Securities sold under repurchase agreements(c) | Securities loaned |"}
{"_id": "d81498952", "title": "", "text": "HOVENSA L. L. C.  Joint Venture The Corporation has a 50% interest in HOVENSA, a joint venture with a subsidiary of Petroleos de Venezuela, S. A.\n(PDVSA), which owns a refinery in St.  Croix, U. S.  Virgin Islands.\nIn January 2012, HOVENSA shut down its refinery as a result of continued substantial operating losses due to global economic conditions and competitive disadvantages versus other refiners, despite efforts to improve operating performance by reducing refining capacity to 350,000 from 500,000 barrels per day in the first half of 2011.\nDuring 2012 and continuing into 2013, HOVENSA and the Government of the Virgin Islands engaged in discussions pertaining to HOVENSA’s plan to run the facility as an oil storage terminal while the Corporation and its joint venture partner pursue a sale of HOVENSA.\nTable of Contents VALERO ENERGY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Cash Flow Hedges Cash flow hedges are used to hedge price volatility in certain forecasted feedstock and refined product purchases, refined product sales, and natural gas purchases.\nThe objective of our cash flow hedges is to lock in the price of forecasted feedstock, product or natural gas purchases or refined product sales at existing market prices that we deem favorable.\nAs of December 31, 2011, we had the following outstanding commodity derivative instruments that were entered into to hedge forecasted purchases or sales of crude oil and refined products.\nThe information presents the notional volume of outstanding contracts by type of instrument and year of maturity (volumes in thousands of barrels)."}
{"_id": "d87e204ec", "title": "", "text": "Actual maturities may differ from contractual maturities due to the exercise of call or prepayment options.\nFixed maturity securities not due at a single maturity date have been included in the above table in the year of final contractual maturity.\nRMBS, CMBS and ABS are shown separately in the table, as they are not due at a single maturity.\nEvaluating Available-for-Sale Securities for Other-Than-Temporary Impairment As described more fully in Note 1, the Company performs a regular evaluation, on a security-by-security basis, of its available-for-sale securities holdings in accordance with its impairment policy in order to evaluate whether such investments are other-than-temporarily impaired.\nAs described more fully in Note 1, effective April 1, 2009, the Company adopted new OTTI guidance that amends the methodology for determining for fixed maturity securities whether an OTTI exists, and for certain fixed maturity securities, changes how the amount of the OTTI loss that is charged to earnings is determined.\nThere was no change in the OTTI methodology for equity securities.\nWith respect to fixed maturity securities, the Company considers, amongst other impairment criteria, whether it has the intent to sell a particular impaired fixed maturity security.\nThe Companys intent to sell a particular impaired fixed maturity security considers broad portfolio management objectives such as asset/liability duration management, issuer and industry segment exposures, interest rate views and the overall total return focus.\nIn following these portfolio management objectives, changes in facts and circumstances that were present in past reporting periods may trigger a decision to sell securities that were held in prior reporting periods.\nDecisions to sell are based on current conditions or the Companys need to shift the portfolio to maintain its portfolio management objectives including liquidity needs or duration targets on asset/liability managed portfolios.\nThe Company attempts to anticipate these types of changes and if a sale decision has been made on an impaired security, the security will be deemed other-than-temporarily impaired in the period that the sale decision was made and an OTTI loss will be recorded in earnings.\nIn certain circumstances, the Company may determine that it does not intend to sell a particular security but that it is more likely than not that it will be required to sell that security before recovery of the decline in estimated fair value below amortized cost.\nIn such instances, the fixed maturity security will be deemed other-than-temporarily impaired in the period during which it was determined more likely than not that the security will be required to be sold and an OTTI loss will be recorded in earnings.\nIf the Company does not have the intent to sell (i. e. , has not made the decision to sell) and it does not believe that it is more likely than not that it will be required to sell the security before recovery of its amortized cost, an impairment assessment is made, as described in Note 1.\nPrior to April 1, 2009, the Companys assessment of OTTI for fixed maturity securities was performed in the same manner as described below for equity securities."}
{"_id": "d81f21e8c", "title": "", "text": "| (Square feet in thousands) United States Other Countries Total | Owned | Leased | Total |"}
{"_id": "d87c1d5d2", "title": "", "text": "| 2012 2011 | At December 31,(in millions) | Liability for unpaid claims and claims adjustment expense(a) | Future policy benefits for life and accident and health insurance contracts | Reserve for unearned premiums | Reinsurance assets(b) |"}
{"_id": "d885c446e", "title": "", "text": "Partnering with Tax Professionals.\nThe H&R Block Preferred-Partner ProgramTM facilitates strategic, referral-based partnerships between tax professionals and financial advisors.\nThe program includes the Licensed Referral Tax Professional (LRTP) program and a non-licensed option, which allows non-licensed tax professionals to gain additional rewards and recognition when making qualified client referrals to financial advisor partners.\nThe LRTP program helps tax professionals obtain a securities license, teams them with a financial advisor and provides a commission to the LRTP for business referred to the financial advisors.\nAs of April 30, 2008, our Preferred-Partner Program had 9,510 active tax partners, of which 539 were licensed.\nAs a result of this initiative, we added more than 14,000 new customer accounts and assets totaling $847.8 million during fiscal year 2008.\nWe expect to continue to increase the number of tax partners in the coming year."}
{"_id": "d8b10a6a0", "title": "", "text": "Table of Contents Acquisition and $17.0 million to fund the acquisition of certain finite-lived intellectual property rights.\nIn Fiscal 2010, we used $30.8 million primarily to fund the Asia-Pacific Licensed Operations Acquisition.\nNet Cash Used in Financing Activities.\nNet cash used in financing activities was $512.6 million in Fiscal 2011, as compared to $306.4 million in Fiscal 2010.\nThe increase in net cash used in financing activities was primarily driven by: ?\nan increase in cash used in connection with repurchases of our Class A common stock.\nIn Fiscal 2011, 6.0 million shares of Class A common stock at a cost of $577.8 million were repurchased pursuant to our common stock repurchase program and 0.2 million shares of Class A common stock at a cost of $16.8 million were surrendered or withheld in satisfaction of withholding taxes in connection with the vesting of awards issued under the 1997 Long-Term Stock Incentive Plan, as amended (the \n1997 Incentive Plan\n).\nOn a comparative basis, in Fiscal 2010, 2.9 million shares of Class A common stock at a cost of $215.9 million were repurchased pursuant to our common stock repurchase program and 0.3 million shares of Class A common stock at a cost of $15.1 million were surrendered for tax withholdings; and ?\nan increase in cash used to pay dividends.\nIn Fiscal 2011, we used $38.5 million to pay dividends as compared to $24.7 million in Fiscal 2010, largely due to the increases in the quarterly cash dividend on our common stock from $0.05 per share to $0.10 per share in November 2009.\nThe above increases in cash used were partially offset by: ?\na decrease in cash used in connection with our repayment of debt in July 2009.\nIn Fiscal 2010, we completed a cash tender offer Table of Contents Acquisition and $17.0 million to fund the acquisition of certain finite-lived intellectual property rights.\nIn Fiscal 2010, we used $30.8 million primarily to fund the Asia-Pacific Licensed Operations Acquisition.\nNet Cash Used in Financing Activities.\nNet cash used in financing activities was $512.6 million in Fiscal 2011, as compared to $306.4 million in Fiscal 2010.\nThe increase in net cash used in financing activities was primarily driven by: ?\nan increase in cash used in connection with repurchases of our Class A common stock.\nIn Fiscal 2011, 6.0 million shares of Class A common stock at a cost of $577.8 million were repurchased pursuant to our common stock repurchase program and 0.2 million shares of Class A common stock at a cost of $16.8 million were surrendered or withheld in satisfaction of withholding taxes in connection with the vesting of awards issued under the 1997 Long-Term Stock Incentive Plan, as amended (the \n1997 Incentive Plan\n).\nOn a comparative basis, in Fiscal 2010, 2.9 million shares of Class A common stock at a cost of $215.9 million were repurchased pursuant to our common stock repurchase program and 0.3 million shares of Class A common stock at a cost of $15.1 million were surrendered for tax withholdings; and ?\nan increase in cash used to pay dividends.\nIn Fiscal 2011, we used $38.5 million to pay dividends as compared to $24.7 million in Fiscal 2010, largely due to the increases in the quarterly cash dividend on our common stock from $0.05 per share to $0.10 per share in November 2009.\nThe above increases in cash used were partially offset by: ?\na decrease in cash used in connection with our repayment of debt in July 2009.\nIn Fiscal 2010, we completed a cash tender offer and used $121.0 million to repurchase €90.8 million of principal amount of our 4.5% notes due October 4, 2013.\nThere were no debt repurchases during Fiscal 2011; ?\nan increase in cash received from the exercise of employee stock options.\nIn Fiscal 2011, we received $88.3 million from the exercise of employee stock options, as compared to $50.5 million in Fiscal 2010; and ?\nan increase in excess tax benefits from stock-based compensation arrangements of $17.4 million in Fiscal 2011, as compared to the prior fiscal year.\nFiscal 2010 Compared to Fiscal 2009"}
{"_id": "d87b0fbb8", "title": "", "text": "offering proceeds, together with the 2015 Term Loan, were used to fund the AMS Portfolio Acquisition.\nWe recorded a charge of $45 million in interest expense, during the second quarter of 2015, for premiums, accelerated amortization of debt issuance costs, and investor discount costs net of interest rate hedge gains related to the early debt extinguishment.\nOur senior notes were issued in public offerings, are redeemable prior to maturity and are not subject to any sinking fund requirements.\nOur senior notes are unsecured, unsubordinated obligations and rank on parity with each other.\nThese notes are effectively junior to borrowings under our credit and security facility, to the extent if borrowed by our subsidiaries, and to liabilities of our subsidiaries (see Other Arrangements below).\nOn January 12, 2017, we used our existing credit facilities to repay the $250 million plus interest of our senior notes due in January 2017.\nOur senior notes consist of the following as of December 31, 2016: Other Arrangements We maintained a $300 million credit and security facility secured by our U. S.  trade receivables maturing on June 9, 2017.\nThe credit and security facility required that we maintain a maximum leverage covenant consistent with our revolving credit facility.\nThe maximum leverage ratio requirement was 4.0 times and our actual leverage ratio as of December 31, 2016 was 2.4 times.\nWe had borrowings of $60 million outstanding under this facility as of December 31, 2016 and no borrowings outstanding as of December 31, 2015.\nOn February 7, 2017, we amended the terms of this credit and security facility, including increasing the facility size to $400 million.\nThis amendment retained a similar maximum leverage ratio requirement and extended the facility maturity to February 2019.\nWe have accounts receivable factoring programs in certain European countries that we account for as sales under FASB ASC Topic 860, Transfers and Servicing.\nThese agreements provide for the sale of accounts receivable to third parties, without recourse, of up to approximately $391 million as of December 31, 2016.\nWe have no retained interests in the transferred receivables, other than collection and administrative responsibilities and, once sold, the accounts receivable are no longer available to satisfy creditors in the event of bankruptcy.\nWe de-recognized $152 million of receivables as of December 31, 2016 at an average interest rate of 1.8 percent, and $151 million as of December 31, 2015 at an average interest rate of 2.4 percent.\nIn addition, we have uncommitted credit facilities with a commercial Japanese bank that provide for borrowings, promissory notes discounting and receivables factoring of up to 21.0 billion Japanese yen (approximately $180 million as of December 31, 2016).\nWe de-recognized $149 million of notes receivable as of December 31, 2016 at an average interest rate of 1.6 percent and $132 million of notes receivable as of December 31, 2015 at an average interest rate of 1.6 percent.\nDe-recognized accounts and notes receivable are excluded from trade accounts receivable, net in the accompanying consolidated balance sheets.\nAs of December 31, 2016 and December 31, 2015, we had outstanding letters of credit of $44 million which consisted primarily of bank guarantees and collateral for workers compensation insurance arrangements.\nAs of December 31, 2016 and 2015, none of the beneficiaries had drawn upon the letters of credit or guarantees; accordingly, we have not recognized a related liability for our outstanding letters of credit in our consolidated balance sheets as of December 31, 2016 or 2015.\nWe repurchased 10 million shares for $125 million during 2014.\nNo share repurchases were made in 2016 or 2015.\nAs of December 31, 2016, we had remaining approximately $535 million authorized under our 2013 share repurchase program.\nThere were approximately 248 million shares in treasury as of December 31, 2016 and December 31, 2015.\nStock-based compensation expense related to our stock ownership plans was $116 million in 2016, $107 million in 2015, and $103 million in 2014.\nStock-based compensation expense varies from period to period based upon, among other factors: the timing, number and fair value of awards granted during the period; forfeiture levels related to unvested awards; and employee contributions to our employee stock purchase plan."}
{"_id": "d813cd306", "title": "", "text": "discount to Brent was narrower in 2013 than in 2012 and 2011.\nAs a result of the significant increase in U. S.  production of light sweet crude oil, the historical relationship between WTI, Brent and LLS pricing may not be indicative of future periods.\nComposition – The proportion of our liquid hydrocarbon sales volumes that are NGLs continues to increase due to our development of United States unconventional liquids-rich plays.\nNGLs were 15 percent of our North America E&P liquid hydrocarbon sales volumes in 2013 compared to 10 percent in 2012 and 7 percent in 2011.\nNatural gas – A significant portion of our natural gas production in the U. S.  is sold at bid-week prices, or first-of-month indices relative to our specific producing areas.\nAverage Henry Hub settlement prices for natural gas were 31 percent higher for 2013 than for 2012.  International E&P Liquid hydrocarbons – Our International E&P crude oil production is relatively sweet and has historically sold in relation to the Brent crude benchmark, which on average was 3 percent lower for 2013 than 2012.\nNatural gas – Our major International E&P natural gas-producing regions are Europe and E. G.  Natural gas prices in Europe have been considerably higher than the U. S.  in recent years.\nIn the case of E. G. , our natural gas sales are subject to term contracts, making realized prices in these areas less volatile.\nThe natural gas sales from E. G.  are at fixed prices; therefore, our reported average International E&P natural gas realized prices may not fully track market price movements."}
{"_id": "d8ee84292", "title": "", "text": "| -1(2) December 31, 2005 December 31, 2004 | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below InvestmentGrade | Total Public Trading Account Assets Supporting Insurance Liabilities | -1(2) | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total Private Trading Account Assets Supporting Insurance Liabilities |"}
{"_id": "d8b4c1afa", "title": "", "text": "| At December 31, 2013 | Fair Values-1 | Receivable | (dollars in millions) | Banks and securities firms | Insurance and other financial institutions | Non-financial entities | Total |"}
{"_id": "d82441b10", "title": "", "text": "Note 24 FINANCIAL INSTRUMENTS Financial instruments include cash and cash equivalents, marketable securities, receivables, accounts payable, debt instruments and derivatives.\nDue to their short term maturity, the carrying amount of receivables and accounts payable approximate fair value.\nThere is exposure to market risk due to changes in currency exchange rates and interest rates.\nAs a result, certain derivative financial instruments are used when available on a cost-effective basis to hedge the underlying economic exposure.\nThese instruments qualify as cash flow, net investment and fair value hedges upon meeting certain criteria, including effectiveness of offsetting hedged exposures.\nChanges in fair value of derivatives that do not qualify for hedge accounting are recognized in earnings as they occur.\nAll financial instruments, including derivatives, are subject to counterparty credit risk which is considered as part of the overall fair value measurement.\nDerivative financial instruments are not used for trading purposes.\nForeign currency forward contracts are used to manage cash flow exposures.\nThe primary net foreign currency exposures hedged are the Euro, Japanese yen, Canadian dollar, British pound, Australian dollar and Mexican peso.\nFixed-to-floating interest rate swaps are used as part of the interest rate risk management strategy.\nThese swaps qualify for fair-value hedge accounting treatment.\nCertain net asset changes due to foreign exchange volatility are hedged through non-U.\nS.  dollar borrowings which qualify as a net investment hedge.\nDerivative financial instruments present certain market and counterparty risks; however, concentration of counterparty risk is mitigated by limiting amounts with any individual counterparty and using banks worldwide with Standard & Poor's and Moody's long-term debt ratings of A or higher.\nIn addition, only conventional derivative financial instruments are utilized.\nThe consolidated financial statements would not be materially impacted if any counterparties failed to perform according to the terms of its agreement.\nCurrently, collateral or any other form of securitization is not required to be furnished by the counterparties to derivative financial instruments."}
{"_id": "d812186b4", "title": "", "text": "To implement the investment strategy, plan assets are invested in funds that primarily invest in securities that correspond to one of the asset categories under the investment guidelines.\nHowever, at any point in time, some of the assets in a fund may be of a different nature than the specified asset category\nPRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements 14.\nSHORT-TERM AND LONG-TERM DEBT Short-term Debt The table below presents the Company’s short-term debt at December 31, for the years indicated as follows:"}
{"_id": "d88bf522a", "title": "", "text": "| Years Ended December 31, | 2009 | Income (loss) from continuing operations, net of income tax | Less: Net investment gains (losses) | Less: Other adjustments to continuing operations | Less: Provision for income tax (expense) benefit | Operating earnings | Less: Preferred stock dividends | Operating earnings available to common shareholders |"}
{"_id": "d89ec4a04", "title": "", "text": "The FASB issued Statement of Financial Accounting Standards No.149 “Amendment of Statement 133 on Derivative Instruments and Hedging Activities” on April 30, 2003.\nThe Statement is effective for derivative contracts entered into or modified after June 30, 2003 and for hedging relationships designated after June 30, 2003.\nThe adoption of this Statement did not have an effect on Marathon’s financial position, cash flows or results of operations."}
{"_id": "d88be1e6e", "title": "", "text": "| (Dollars in millions) 2004 2003 | Personnel | Occupancy | Equipment | Marketing | Professional fees | Amortization of intangibles | Data processing | Telecommunications | Other general operating | Merger and restructuring charges | Total noninterest expense |"}
{"_id": "d8b1f13e8", "title": "", "text": "| In millions of dollars U.S. Outside ofU.S. December 31,2018 December 31, 2017 | Commercial and similar letters of credit | One- to four-family residential mortgages | Revolving open-end loans secured by one- to four-family residential properties | Commercial real estate, construction and land development | Credit card lines | Commercial and other consumer loan commitments | Other commitments and contingencies | Total |"}
{"_id": "d8d4c550e", "title": "", "text": "| Fiscal Year Future Minimum Lease Payments Future Minimum Sublease Income | 2004 | 2005 | 2006 | 2007 | 2008 | Thereafter | Total | Remaining Life | One Year or   Less | (In millions) | Interest rate swaps | Interest rate floors | Interest rate caps | Interest rate futures | Interest rate options | Interest rate forwards | Synthetic GICs | Foreign currency swaps | Foreign currency forwards | Currency futures | Currency options | Non-derivative hedging instruments | Credit default swaps | Credit forwards | Equity futures | Equity options | Variance swaps | Total rate of return swaps | Total |"}
{"_id": "d8e7afa70", "title": "", "text": "| Preliminary Purchase Price Allocation | Non-current assets | Property and equipment | Intangible assets -1 | Other non-current liabilities | Fair value of net assets acquired | Goodwill -2 | Tier 1 Common | Stated minimum ratio | Plus: Capital conservation | buffer requirement | Effective minimum ratio |"}
{"_id": "d8b414940", "title": "", "text": "| For the Year Ended December 31 | ($ in millions) | Sales | Selling, general and administrative (“SG&A”) expenses | Research and development (“R&D”) expenses | SG&A as a % of sales | R&D as a % of sales |"}
{"_id": "d8afbde50", "title": "", "text": "INTEREST RATE RISK In the normal course of business, we are exposed to market risk from changes in interest rates that could affect our results of operations and financial condition.\nWe manage our exposure to interest rate risks through our regular operations and financing activities.\nWe invest our cash and cash equivalents primarily in highly-rated corporate commercial paper and bank deposits.\nWe also have short-term and long-term investments in highlyrated corporate debt securities, U. S.  government and agency debt securities, U. S.  government treasury funds, municipal bonds, foreign government debt securities, commercial paper and certificates of deposit.\nThe primary investment objective is to ensure capital preservation of our invested principal funds.\nCurrently, we do not use derivative financial instruments in our investment portfolio.\nWe are exposed to interest rate risk on our debt obligations and our cash and cash equivalents.\nWe have multiple fixed-to-variable interest rate swap agreements that we have designated as fair value hedges of the fixed interest rate obligations on our Senior Notes due 2019 and 2021.\nThe total notional amounts are $250 million and $300 million for the Senior Notes due 2019 and 2021, respectively.\nOn the interest rate swap agreements for the Senior Notes due 2019, we receive a fixed interest rate of 4.625 percent and pay variable interest equal to the three-month LIBOR plus an average of 133 basis points.\nOn the interest rate swap agreements for the Senior Notes due 2021, we receive a fixed interest rate of 3.375 percent and pay variable interest equal to the three-month LIBOR plus an average of 99 basis points.\nThe interest rate swap agreements are intended to manage our exposure to interest rate movements by converting fixed-rate debt into variable-rate debt.\nThe objective of the instruments is to more closely align interest expense with interest income received on cash and cash equivalents.\nThese derivative instruments are designated as fair value hedges under GAAP.\nChanges in the fair value of the derivative instrument are recorded in earnings and are offset by gains or losses on the underlying debt instrument.\nBased upon our overall interest rate exposure as of December 31, 2013, a change of 10 percent in interest rates, assuming the principal amount outstanding remains constant, would not have a material effect on net interest expense.\nThis analysis does not consider the effect of the change in the level of overall economic activity that could exist in such an environment."}
{"_id": "d8e06a274", "title": "", "text": "Table of Contents Printed circuit boards are then mated to the head-disc assembly and the completed unit is tested prior to packaging and shipment.\nFinal assembly and test operations of our disc drives occur primarily at facilities located in China, Singapore and Thailand.\nWe perform subassembly and component manufacturing operations at our facilities in China, Malaysia, Northern Ireland, Singapore, Thailand, and in the United States, in California and Minnesota.\nIn addition, third parties manufacture and assemble components for us in various Asian countries, including China, Japan, Korea, Malaysia, the Philippines, Singapore, Taiwan, Thailand and Vietnam, and in Europe and the United States.\nProducts We offer a broad range of disc drive products for the enterprise, desktop, mobile computing and consumer electronics sectors of the disc drive industry.\nDuring fiscal year 2005, we introduced and shipped in volume 12 new disc drive products, including: ?\nour first 1-inch form factor disc drive, the ST1, which is primarily used in hand-held consumer electronics devices such as digital music players and digital cameras; ?\nlarger capacity 3.5-inch form factor disc drives to address the market for larger capacity digital video recorders and home media storage devices and near-line enterprise applications; ?\nadditional capacity models of our 2.5-inch form factor Momentus mobile computing disc drive which will more completely address our customers’ mobile computing disc drive requirements; and We offer more than one product within each product family, and differentiate products on the basis of price/performance and form factor, or the dimensions of the disc drive.\nHistorically, our industry has been characterized by continuous and significant advances in technology, which contributed to rapid product life cycles; however, based upon the recent pace of new product introductions, we believe that our industry is currently in a period in which the rate of increases in areal density, which is the storage capacity per square inch on a disc, is lower than the rate of the last several years, resulting in longer product life cycles.\nWe list in the table below our main current product offerings."}
{"_id": "d8ba5aa8e", "title": "", "text": "Note 9.\nLoans Receivable Loans receivable is comprised of loans held for investment that are accounted for at amortized cost net of allowance for loan losses.\nInterest on loans receivable is recognized over the life of the loan and is recorded on an accrual basis.\nThe table below presents details about loans receivable."}
{"_id": "d8bb342d4", "title": "", "text": "| Financial Instrument Fair Value Level 1 Level 2 Level 3 | Marketable debt securities | Marketable equity securities | Interest-rate swap assets-1 | Interest-rate swap liabilities-1 | Warrants-1 | $178,137 |"}
{"_id": "d874d767e", "title": "", "text": "| 2016 2015 2014 | Balance at January 1 | Extensions and Discoveries | Revisions | Acquisition of Reserves | Sale of Reserves | Conversion to Proved Developed Reserves | Balance at December 31 |"}
{"_id": "d87040200", "title": "", "text": "ITEM 3.\nLegal Proceedings.\nSee discussion of legal proceedings in note “7.\nLegal Proceedings” in Part II, Item 8 of this report, which is incorporated by reference herein."}
{"_id": "d8a6b0042", "title": "", "text": "| (Dollar amounts in millions) 2017 Percent change 2016 Percent change 2015 | Salaries and employee benefits | Occupancy, net | Furniture, equipment and software | Other real estate expense | Credit-related expense | Provision for unfunded lending commitments | Professional and legal services | Advertising | FDIC premiums | Amortization of core deposit and other intangibles | Other | Total noninterest expense |"}
{"_id": "d87876ac8", "title": "", "text": "Financing Activities Net cash used in financing activities was $362.5 million and $733.8 million in the years ended December 31, 2017 and 2016, respectively, and net cash provided by financing activities was $736.6 million in the year ended December 31, 2015.\nThe decrease in the year ended December 31, 2017 compared with the year ended December 31, 2016 was primarily due to lower debt repayments and treasury stock purchases.\nThe decrease in the year ended December 31, 2016 compared with the year ended December 31, 2015 was primarily driven by lower debt borrowings and higher debt repayments, partially offset by lower treasury stock purchases."}
{"_id": "d85f8ab86", "title": "", "text": "| 2010 2009 | (in thousands) | Long-term debt: | Senior notes: | $500 million, 6.45% due June 1, 2016 | $500 million, 7.20% due June 15, 2018 | $300 million, 6.30% due August 1, 2018 | $250 million, 8.15% due June 15, 2038 | Total senior notes | Other long-term borrowings | Total long-term debt |"}
{"_id": "d8ddd9334", "title": "", "text": "| December 31 – dollars in millions 2015 2014 2013 2012 2011 | Nonperforming loans | Commercial | Commercial real estate | Equipment lease financing | Total commercial lending | Consumer lending (a) | Home equity (b) (c) | Residential real estate (b) | Credit card (d) | Other consumer (b) | Total consumer lending (e) | Total nonperforming loans (f) | OREO and foreclosed assets | Other real estate owned (OREO) | Foreclosed and other assets | Total OREO and foreclosed assets | Total nonperforming assets | Nonperforming loans to total loans | Nonperforming assets to total loans, OREO and foreclosed assets | Nonperforming assets to total assets | Interest on nonperforming loans | Computed on original terms | Recognized prior to nonperforming status | Troubled Debt Restructurings | Nonperforming | Performing | Past due loans | Accruing loans past due 90 days or more (g) | As a percentage of total loans | Past due loans held for sale | Accruing loans held for sale past due 90 days or more (h) | As a percentage of total loans held for sale |"}
{"_id": "d8968e092", "title": "", "text": "| Years ended December 31, % change | 2009 | North America: | Recurring revenues | Non-recurring revenues | 535,489 | Europe: | Recurring revenues | Non-recurring revenues | 228,136 | Asia-Pacific: | Recurring revenues | Non-recurring revenues | 118,884 | Total: | Recurring revenues | Non-recurring revenues | $882,509 |"}
{"_id": "d897ab36c", "title": "", "text": "| (In millions) 2004 2003 2002 | E&P | RM&T | IG | Segment revenues | Elimination of intersegment revenues | Total revenues | Items included in both revenues and costs and expenses: | Consumer excise taxes on petroleum products and merchandise | Matching crude oil and refined product buy/sell transactions settled in cash: | E&P | RM&T | Total buy/sell transactions |"}
{"_id": "d8a27a6d0", "title": "", "text": "| (in millions) December 31,2015 Net inflows (outflows) Marketchange FX impact December 31,2016 | Asset allocation and balanced | Target date/risk | Fiduciary | FutureAdvisor-1 | Total |"}
{"_id": "d86489948", "title": "", "text": "During the year ended December 31, 2014 , the company invested in and consolidated eight new VIEs and one VOE ( December 31, 2013 : the company invested in and consolidated five VIEs and one VOE).\nThe tables below illustrate the summary balance sheet amounts related to these products before each entity's initial consolidation into the company.\nThe balances below are reflective of the balances existing at each entity's respective consolidation date after the initial funding of the investments by the company and unrelated third-party investors.\nThe current period activity for the consolidated funds, including the initial funding and subsequent investment of initial cash balances into underlying investments of CIP, is reflected in the company’s Consolidated Financial Statements.\nBalance Sheet"}
{"_id": "d86d96df6", "title": "", "text": "| Amount (In Millions) | 2014 net revenue | Nuclear realized price changes | Vermont Yankee shutdown in December 2014 | Nuclear volume, excluding Vermont Yankee effect | Other | 2015 net revenue |"}
{"_id": "d83ac85fa", "title": "", "text": "| 2018 2019 2020 2021 2022 Thereafter Total | Deferred acquisition payments | Redeemable noncontrolling interests and call options with affiliates1 | Total contingent acquisition payments |"}
{"_id": "d8d2c9a34", "title": "", "text": "value policies at the underlying fund generally require the fund to utilize pricing/valuation information from third-party sources, including independent appraisals.\nHowever, in some instances, current valuation information for illiquid securities or securities in markets that are not active may not be available from any third-party source or fund management may conclude that the valuations that are available from third-party sources are not reliable.\nIn these instances, fund management may perform model-based analytical valuations that could be used as an input to value these investments.\nDerivative Instruments and Hedging Activities.\nThe Company does not use derivative financial instruments for trading or speculative purposes.\nThe Company uses derivative financial instruments primarily for purposes of hedging exposures to fluctuations in foreign currency exchange rates of certain assets and liabilities, and market exposures for certain seed investments.\nHowever, certain consolidated sponsored investment funds may also utilize derivatives as a part of their investment strategy.\nChanges in the fair value of the Companys derivative financial instruments are recognized in earnings and, where applicable, are offset by the corresponding gain or loss on the related foreign-denominated assets or liabilities or hedged investments, on the consolidated statements of income.\nThe Company may also use financial instruments designated as net investment hedges for accounting purposes to hedge net investments in international subsidiaries whose functional currency is not U. S.  dollars.\nThe gain or loss from revaluing accounting hedges of net investments in foreign operations at the spot rate is deferred and reported within accumulated other comprehensive income on the consolidated statements of financial condition.\nThe Company reassesses the effectiveness of its net investment hedge on a quarterly basis."}
{"_id": "d881552f2", "title": "", "text": "| September 29, 2007 September 30, 2006 September 24, 2005 | Net sales | Cost of sales | Gross margin | Gross margin percentage |"}
{"_id": "d89eaf528", "title": "", "text": "| December 31, 2010 | (Dollars in millions) | Long-term debt and capital leases | Operating lease obligations | Purchase obligations | Time deposits | Other long-term liabilities | Total long-term debt and other obligations |"}
{"_id": "d81da99ec", "title": "", "text": "| Payments due by period | Total | Property and casualty obligations [1] | Life, annuity and disability obligations [2] | Operating lease obligations [3] | Long-term debt obligations [4] | Purchase obligations [5] | Other liabilities reflected on the balance sheet [6] | Total |"}
{"_id": "d86a505e8", "title": "", "text": "| (In millions) 2007 2006 2005 | Net sales | Operating profit | Backlog at year-end |"}
{"_id": "d87f3c2f4", "title": "", "text": "The increase in property operating expenses from our large market same store group is primarily the result of increases in real estate taxes of $3.2 million, personnel expenses of $1.9 million, water expenses of approximately $1.0 million, cable expenses of $0.5 million, and waste removal expenses of $0.2 million.\nThe increase in property operating expenses from our secondary market same store group is primarily a result of increases in other operating expenses of $1.5 million, real estate taxes of $1.1 million, and personnel expenses of $1.2 million.\nThe decrease in property operating expenses from our non-same store and other group is primarily the result of decreases in personnel expenses of $2.4 million and utility expenses of $1.7 million."}
{"_id": "d8c756d6e", "title": "", "text": "while $7.2 million in aggregate grant date fair value of new equity warrant assets was added to the portfolio.\nAdditionally, the decrease in fair value of our equity warrant assets attributable to cancellations and expirations was $2.4 million.\nLastly, a $0.9 million increase was related to an increase in the fair value of the remaining equity warrant assets.\nThe fair value of foreign exchange forward and option contracts decreased by $0.4 million.\nAt December 31, 2004 and 2003, the aggregate notional amounts of client related foreign exchange forward contracts totaled $525.4 million and $155.8 million, respectively.\nThe maximum credit exposure for counterparty nonperformance for foreign exchange forward contracts with both clients and correspondent banks amounted to $10.0 million at December 31, 2004 and $3.5 million at December 31, 2003.\nWe have not experienced nonperformance by a counterparty and therefore have not incurred related losses.\nFurther, we anticipate performance by all counterparties to such foreign exchange forward contracts.\nAt December 31, 2004 and 2003, the notional amounts of client related foreign currency contracts totaled $13.5 million and $21.1 million, respectively.\nWe have not experienced nonperformance by a counterparty and therefore have not incurred related losses.\nFurther, we anticipate performance by all counterparties.\nThese contracts typically expire in less than one year.\nConvertible Note Hedge On May 15, 2003, we entered into a convertible note hedge agreement (purchased call option) with a counterparty, with respect to our common stock, to limit our exposure to potential dilution from conversion of our $150.0 million principal amount of zero coupon convertible notes.\nFor information on the our $150.0 million principal amount of zero coupon convertible notes, see Borrowings below.\nUpon the occurrence of conversion events, we have the right to purchase up to approximately 4,460,610 shares of its common stock from the counterparty at a price of $33.6277 per common share.\nThe convertible note hedge agreement will expire on June 15, 2008.\nWe have the option to settle any amounts due under the convertible hedge either in cash or net shares of our common stock.\nThe cost of the convertible note hedge is included in stockholders’ equity in accordance with the guidance in EITF No.00-19, Accounting for Derivative Financial Instruments Indexed to, and Potentially Settled in, a Company’s Own Stock.\nAlso see Item 8.\nConsolidated Financial Statements and Supplementary Data—Note 13.\nDerivative Financial Instruments for additional discussion.\nDeposits Our deposits are largely obtained from clients within our technology, life science, private equity, and premium wine industry sectors and, to a lesser extent, from individuals served by private client services.\nWe do not obtain deposits from conventional retail sources and have no brokered deposits.\nThe following table presents the composition of our deposits for the last five years ended December 31:"}
{"_id": "d88d9abe8", "title": "", "text": "| Month Total Numberof SharesPurchased-1 Average Price Paid Per Share Total Number of SharesPurchased as Part ofPublicly Announced Plans or Programs-2 Approximate DollarValue of Shares thatMay Yet Be PurchasedUnder the Plansor Programs-2(millions) | October 1 - 31, 2015 | November 1 - 30, 2015 | December 1 - 31, 2015 | 6,651,317 |"}
{"_id": "d8b8a5c16", "title": "", "text": "UNITED PARCEL SERVICE, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) comprised of corporate and government bonds, hedge funds, real estate investments and private equity funds.\nThe commingled funds are valued using net asset values, adjusted, as appropriate, for investment fund specific inputs determined to be significant to the valuation.\nInvestments in hedge funds are valued using reported net asset values as of December 31.\nThese assets are primarily invested in a portfolio of diversified, direct investments and funds of hedge funds.\nReal estate investments and private equity funds are valued using fair values per the most recent partnership audited financial reports, adjusted as appropriate for any lag between the date of the financial reports and December 31.\nThe real estate investments consist of U. S.  and non-U.\nS.  real estate investments and are broadly diversified.\nThe fair values may, due to the inherent uncertainty of valuation for those alternative investments, differ significantly from the values that would have been used had a ready market for the alternative investments existed, and the differences could be material.\nAt December 31, 2010 approximately $3.766 billion of the plan assets are held in comingled stock funds that each hold U. S.  and international public market securities.\nThe plan held the right to liquidate its positions in these commingled stock funds at any time, subject only to a brief notification period.\nNo unfunded commitment existed with respect to these commingled stock funds at December 31, 2010.\nThe plan holds approximately $2.098 billion of its investments in limited partnership interests in various private equity and real estate funds.\nLimited provision exists for the redemption of these interests by the general partners that invest these funds until the end of the term of the partnerships, typically ranging between 12 and 18 years from the date of inception.\nAn active secondary market exists for similar partnership interests, although no particular value (discount or premium) can be guaranteed.\nAt December 31, 2010, unfunded commitments to such limited partnerships totaling approximately $585 million are expected to be contributed over the remaining investment period, typically ranging between three and six years.\nApproximately $2.023 billion of the plan investments are held in hedge funds that pursue multiple strategies to diversify risk and reduce volatility.\nMost of these funds require two to three months notice for redemptions and allow them to occur either quarterly or semi-annually, while others allow for redemption after only a brief notification period with no restriction on redemption frequency.\nNo unfunded commitments existed with respect to these hedge funds.\nThe fair value measurement of plan assets using significant unobservable inputs (Level 3) changed during 2010 due to the following (in millions):"}
{"_id": "d82b4220c", "title": "", "text": "| 2003 2002 | Carrying amount | (Thousands) | Notes payable to banks | Long-term debt and capital leases: | Capital leases | Long-term debt (excluding capital leases) | Total long-term debt and capital leases | Less: current portion | Total long-term debt and capital leases, less current portion |"}
{"_id": "d8bda35a6", "title": "", "text": "Purchases of Equity Securities – During 2012, we repurchased 13,804,709 shares of our common stock at an average price of $115.33.\nThe following table presents common stock repurchases during each month for the fourth quarter of 2012:\n[a] Total number of shares purchased during the quarter includes approximately 105,978 shares delivered or attested to UPC by employees to pay stock option exercise prices, satisfy excess tax withholding obligations for stock option exercises or vesting of retention units, and pay withholding obligations for vesting of retention shares.\n[b] On April 1, 2011, our Board of Directors authorized the repurchase of up to 40 million shares of our common stock by March 31, 2014.\nThese repurchases may be made on the open market or through other transactions.\nOur management has sole discretion with respect to determining the timing and amount of these transactions."}
{"_id": "d88fe4dcc", "title": "", "text": "Table of Contents Share-Based Compensation Expense The following table summarizes the total share-based compensation expense that we recorded for continuing operations for the periods shown.\nThe share-based compensation expense that we recorded for discontinued operations for these periods was nominal."}
{"_id": "d8eaab9f4", "title": "", "text": "Derivative Financial Instruments The Company uses derivative financial instruments for purposes of hedging exposures to fluctuations in interest rates.\nThese derivative contracts are entered into for periods consistent with the related underlying\nNOTE 20.\nDERIVATIVES We are exposed to financial risk resulting from volatility in foreign exchange rates, commodity prices and interest rates.\nThis risk is closely monitored and managed through the use of financial derivative instruments including foreign currency forward contracts, commodity swap contracts and interest rate swaps.\nAs stated in our policies and procedures, financial derivatives are used expressly for hedging purposes, and under no circumstances are they used for speculative purposes.\nWhen material, we adjust the value of our derivative contracts for counterparty or our credit risk.\nForeign Exchange Rates As a result of our international business presence, we are exposed to foreign currency exchange risks.\nWe transact business in foreign currencies and, as a result, our income experiences some volatility related to movements in foreign currency exchange rates.\nTo help manage our exposure to exchange rate volatility, we use foreign exchange forward contracts on a regular basis to hedge forecasted intercompany and third-party sales and purchases denominated in non-functional currencies.\nOur internal policy allows for managing anticipated foreign currency cash flows for up to one year.\nThese foreign currency forward contracts are designated and qualify as foreign currency cash flow hedges under GAAP.\nThe effective portion of the unrealized gain or loss on the forward contract is deferred and reported as a component of Accumulated other comprehensive loss (AOCL).\nWhen the hedged forecasted transaction (sale or purchase) occurs, the unrealized gain or loss is reclassified into income in the same line item associated with the hedged transaction in the same period or periods during which the hedged transaction affects income.\nThe ineffective portion of the hedge, unrealized gain or loss, if any, is recognized in current income during the period of change.\nAs of December 31, 2011, the amount we expect to reclassify from AOCL to income over the next year is an unrealized net loss of $6 million.\nFor the years ended December 31, 2011 and 2010, there were no circumstances that would have resulted in the discontinuance of a foreign currency cash flow hedge.\nTo minimize the income volatility resulting from the remeasurement of net monetary assets and payables denominated in a currency other than the functional currency, we enter into foreign currency forward contracts, which are considered economic hedges.\nThe objective is to offset the gain or loss from remeasurement with the gain or loss from the fair market valuation of the forward contract.\nThese derivative instruments are not designated as hedges under GAAP.\nThe table below summarizes our outstanding foreign currency forward contracts.\nOnly the U. S.  dollar forward contracts are designated and qualify for hedge accounting as of each period presented below.\nThe currencies in this table represent 98 percent and 97 percent of the notional amounts of contracts outstanding as of December 31, 2011 and 2010."}
{"_id": "d8afe3ea2", "title": "", "text": "Treasury’s net income increased $51.7 million in 2015 compared to 2014.\nThe $53.7 million improvement in net interest income primarily reflects lower net FTP funding costs and an increase in securities income, partially offset by an increase in interest expense.\nThe decrease in non-interest income primarily reflects a decrease in net security gains and BOLI income.\nThe increase in non-interest expense primarily reflects increases in both direct and allocated expenses.\nAverage total assets increased $1.1 billion in 2015 compared to 2014, primarily reflecting an increase in average securities and average short-term investments.\nThe $1.8 billion increase in average total liabilities in 2015 compared to 2014 reflects increases in average deposits and average notes and debentures partially offset by a decrease in average borrowings."}
{"_id": "d8afbde82", "title": "", "text": "CREDIT RISK Financial instruments, which potentially subject us to concentrations of credit risk, are primarily cash and cash"}
{"_id": "d88d5e576", "title": "", "text": "Notes to Consolidated Financial Statements In June 2009, we acquired an operating sub- leasehold position at 420?Lexington Avenue for approximately $7.7?million.\nThese sub- leasehold positions were scheduled to mature in December?2029.\nIn October 2009, we acquired the remaining sub- leasehold position for $7.6?million.\nThe property located at 711?Third Avenue operates under an operating sub- lease, which expires in 2083.\nUnder the sub- lease, we were responsible for ground rent payments of $1.55?million annually through July 2011 on the 50% portion of the fee we do not own.\nThe ground rent was reset in July 2011.\nFollowing the reset, we are responsible for ground rent payments of $5.25?million annually through July 2016 and then $5.5?million annually thereafter on the 50% portion of the fee we do not own.\nThe property located at 461?Fifth Avenue operates under a ground lease (approximately $2.1?million annually) with a term expiration date of 2027 and with two options to renew for an additional"}
{"_id": "d87a37b0a", "title": "", "text": "| For the Year Ended or as of December | 2013 | Income statement data(in millions) | Non-interest revenues | Interest income | Interest expense | Net interest income | Net revenues, including net interest income | Compensation and benefits | U.K. bank payroll tax | Non-compensation expenses | Pre-tax earnings | Balance sheet data(in millions) | Total assets | Other secured financings (long-term) | Unsecured long-term borrowings | Total liabilities | Total shareholders’ equity | Common share data(in millions, except per share amounts) | Earnings per common share | Basic | Diluted | Dividends declared per common share | Book value per commonshare1 | Average common shares outstanding | Basic | Diluted | Selected data(unaudited) | Total staff | Americas | Non-Americas | Total staff | Assets under supervision(in billions) | Asset class | Alternative investments | Equity | Fixed income | Long-term assets under supervision | Liquidity products | Total assets under supervision | As of December 2013  Type of Deposit | in millions | Private bank deposits3 | Certificates of deposit | Deposit sweep programs4 | Institutional | Total5 |"}
{"_id": "d8d1eab54", "title": "", "text": "Rental and Management Operations Expenses.\nDirect operating expenses incurred by our domestic and international rental and management segments include direct site level expenses and consist primarily of ground rent and power and fuel costs, some of which may be passed through to our tenants, as well as property taxes, repairs and maintenance.\nThese segment direct operating expenses exclude all segment and corporate selling, general, administrative and development expenses, which are aggregated into one line item entitled Selling, general, administrative and development expense in our consolidated statements of operations.\nIn general, our domestic and international rental and management segments’ selling, general, administrative and development expenses do not significantly increase as a result of adding incremental tenants to our legacy sites and typically increase only modestly year-over-year.\nAs a result, leasing additional space to new tenants on our legacy sites provides significant incremental cash flow.\nWe may, however, incur additional segment selling, general, administrative and development expenses as we increase our presence in geographic areas where we have recently launched operations or are focused on expanding our portfolio.\nOur profit margin growth is therefore positively impacted by the addition of new tenants to our legacy sites and can be temporarily diluted by our development activities."}
{"_id": "d8863443a", "title": "", "text": "| (in millions) CollateralPosted as ofDecember 31, 2009 AdditionalPostings,Netted byCounterparty CollateralReturned byCounterparties CollateralPosted as ofDecember 31, 2010 | Collateralized GIAs (Direct Investment business) | Super senior credit default swap (CDS) portfolio | All other derivatives | Total |"}
{"_id": "d8ea0ee6a", "title": "", "text": "| Average Balance-1 | At December 31, 2014 | (dollars in billions) | Bank legal entities: | Domestic | Foreign | Total Bank legal entities | Non-Bank legal entities: | Domestic-2 | Foreign | Total Non-Bank legal entities | Total |"}
{"_id": "d86b8b3fe", "title": "", "text": "| Net Undeveloped Acres Expiring | (In thousands) | U.S. | Canada | Total North America | E.G. | Other Africa | Total Africa | Total Europe | Other International | Worldwide |"}
{"_id": "d8cb62ac0", "title": "", "text": "| 2005 2004 2003 | Sales (millions) | Sales change analysis: | Local currency (volume and price) | Translation | Total sales change | Operating income (millions) | Percent change | Percent of sales |"}
{"_id": "d86745ac4", "title": "", "text": "| In billions 2015 | January 1 | Maturities | Other | December 31 |"}
{"_id": "d819d2526", "title": "", "text": "BRAZILIAN PAPER net sales for 2006 of $496 million were higher than the $465 million in 2005 and the $417 million in 2004.\nThe sales increase in 2006 reflects higher sales volumes than in 2005, particularly for uncoated freesheet paper, and a strengthening of the Brazilian currency versus the U. S.  dollar.\nAverage sales price realizations improved in 2006, primarily for uncoated freesheet paper and wood chips.\nDespite higher net sales, operating profits for 2006 of $122 million were down from $134 million in 2005 and $166 million in 2004, due principally to incremental costs associated with an extended mill outage in Mogi Guacu to convert to an elemental-chlorine-free bleaching process, to rebuild the primary recovery boiler, and for other environmental upgrades."}
{"_id": "d8a8fcc10", "title": "", "text": "| Payments Due by Period | Total | (in thousands) | Debt | Interest-1 | Operating leases-2 | Purchase and other obligations-3 | Total | Completion Factor(a): | (Decrease) Increase in Factor | -3% | -2% | -1% | 1% | 2% | 3% |"}
{"_id": "d86f2af28", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements The Company’s liability for future policy benefits is also inclusive of liabilities for guaranteed benefits related to certain long-duration life and annuity contracts.\nLiabilities for guaranteed benefits with embedded derivative features are primarily in “other contract liabilities” in the table above.\nThe remaining liabilities for guaranteed benefits are primarily reflected with the underlying contract.\nSee Note 11 for additional information regarding liabilities for guaranteed benefits related to certain long-duration life and annuity contracts.\nPremium deficiency reserves included in “Future policy benefits” are established, if necessary, when the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for expected future policy benefits and expenses.\nPremium deficiency reserves have been recorded for the group single premium annuity business, which consists of limited-payment, long-duration traditional, non-participating annuities; structured settlements; single premium immediate annuities with life contingencies; long-term care; and for certain individual health policies.\nAdditionally, in certain instances the policyholder liability for a particular line of business may not be deficient in the aggregate to trigger loss recognition, but the pattern of earnings may be such that profits are expected to be recognized in earlier years followed by losses in later years.\nIn these situations, accounting standards require that an additional PFL liability be recognized by an amount necessary to sufficiently offset the losses that would be recognized in later years.\nA PFL liability is included in “Future policy benefits” and is predominately associated with certain interest-sensitive life contracts.\nUnpaid claims and claim adjustment expenses primarily reflect the Company’s estimate of future disability claim payments and expenses as well as estimates of claims incurred but not yet reported as of the balance sheet dates related to group disability products.\nUnpaid claim liabilities that are discounted use interest rates ranging from 2.6% to 6.4%."}
{"_id": "d8a301fd6", "title": "", "text": "| December 31, | 2013 | Water | Residential | Commercial | Industrial | Public & other | Total |"}
{"_id": "d89392dfc", "title": "", "text": "Environmental Matters Environmental remediation liabilities are recognized when a loss is probable and can be reasonably estimated.\nSuch liabilities generally are not subject to insurance coverage.\nThe cost of each environmental remediation is estimated by engineering, financial, and legal specialists based on current law and considers the estimated cost of investigation and remediation required and the likelihood that, where applicable, other responsible parties will be able to fulfill their legal obligations and commitments.\nThe process of estimating environmental remediation liabilities is complex and dependent primarily on the nature and extent of historical information and physical data relating to a contaminated site, the complexity of the site, the uncertainty as to what remediation and technology will be required, and the outcome of discussions with regulatory agencies and, if applicable, other responsible parties.\nIn future periods, new laws or regulations, advances in remediation technologies and additional information about the ultimate remediation methodology to be used could significantly change our estimates.\nRefer to Note 13.\nCommitments and Contingencies to the audited consolidated financial statements included herein for additional details.\nWe cannot ensure that environmental requirements will not change or become more stringent over time or that our eventual environmental costs and liabilities will not exceed the amount of current reserves.\nIn the event that such liabilities were to significantly exceed the amounts recorded, our results of operations could be materially affected."}
{"_id": "d8995d5de", "title": "", "text": "| 2011 2012 2013 2014 2015 Thereafter Total | Property Mortgages | Revolving Credit Facility | Trust Preferred Securities | Senior Unsecured Notes | Capital lease | Ground leases | Estimated interest expense | Joint venture debt | Total |"}
{"_id": "d88916a5e", "title": "", "text": "Commercial  Foreign The commercial  foreign loan portfolio is managed primarily in Global Banking.\nOutstanding loans, excluding loans accounted for under the fair value option, decreased due to repayments as borrowers accessed the capital markets to refinance bank debt and aggressively managed working capital and investment spending, partially offset by the acquisition of Merrill Lynch.\nReduced merger and acquisition activity was also a factor contributing to modest new loan origination.\nNet charge-offs increased primarily due to deterioration in the portfolio, particularly in financial services, consumer dependent and housing-related sectors.\nFor additional information on the commercial  foreign portfolio, refer to the Foreign Portfolio discussion beginning on page 86."}
{"_id": "d8beb89f0", "title": "", "text": "| Wireless licenses 5 years | Marketing-related | Technology-based | Customer-related | Other | Total intangible assets |"}
{"_id": "d8f72771e", "title": "", "text": "| In millions of dollars December 31,2018 December 31, 2017 | Carrying amount reported on the Consolidated Balance Sheet | Aggregate fair value in excess of (less than) unpaid principal balance | Balance of non-accrual loans or loans more than 90 days past due | Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due |"}
{"_id": "d8ef908ca", "title": "", "text": "| Percentage Increase (Decrease) from | 2013 | (In millions) | NOW accounts | Savings deposits | Time deposits | Noninterest-bearing deposits | Total |"}
{"_id": "d870401b0", "title": "", "text": "| Location Approximate Square Feet Operation LeaseExpiration Dates | San Diego, CA | San Francisco Bay Area, CA | Singapore | Cambridge, United Kingdom | Madison, WI | Eindhoven, the Netherlands | Other* |"}
{"_id": "d8a6bea98", "title": "", "text": "| 2009 2008 | Balance at January 1 | Additions for tax positions related to prior years | Reductions for tax positions related to prior years | Additions for tax positions related to current year | Settlements | Lapses in statutes of limitations | Balance at December 31 |"}
{"_id": "d8f790a8e", "title": "", "text": "| 2016 $1,785 | 2017 | 2018 | 2019 | 2020 |"}
{"_id": "d8e8a647e", "title": "", "text": "| For the Year Ended December 31, | (in millions, except per-share and ratio data) | OPERATING DATA: | Net interest income | Noninterest income | Total revenue | Provision for credit losses | Noninterest expense | Income before income tax expense | Income tax expense-1 | Net income | Net income available to common stockholders | Net income per average common share - basic-2 | Net income per average common share - diluted-2 | Dividends declared and paid per common share | OTHER OPERATING DATA: | Return on average common equity-3 | Return on average tangible common equity-3 | Return on average total assets-3 | Return on average total tangible assets-3 | Efficiency ratio-3 | Operating leverage-3 (4) | Net interest margin-3 | Effective income tax rate-1 |"}
{"_id": "d89deaa16", "title": "", "text": "| 2017 2016 | Quarter Ended | March 31 | June 30 | September 30 | December 31 |"}
{"_id": "d8366a3aa", "title": "", "text": "| Year Ended December 31, | 2005 | (In thousands) | Rental and other income | Net income (loss) | HCP’s equity income (loss) | Fees earned by HCP | Distributions received |"}
{"_id": "d8c357f42", "title": "", "text": "| 2017 2016 2015 2014 | $11,173 |"}
{"_id": "d820804e0", "title": "", "text": "Payments Payments cost of net revenues increased $272.5 million, or 22%, in 2010 compared to 2009.\nThe increase in cost of net revenues was primarily due to the impact from our growth in net TPV.\nPayments cost of net revenues as a percentage of Payments net revenues decreased slightly in 2010 compared to 2009 due primarily to improved leverage of our customer support infrastructure and existing site operations.\nexpect that these credit rating agencies will continue to monitor developments in our planned separation of PayPal, including the capital structure for each company after separation, which could result in additional downgrades.\nOur borrowing costs depend, in part, on our credit ratings and because downgrades would likely increase our borrowing costs we disclose these ratings to enhance the understanding of the effects of our ratings on our costs of funds.\nIn addition, to assist PayPal in our planned separation we are currently working with credit rating agencies to obtain separate credit ratings for PayPal and we believe that immediately following separation both eBay and PayPal will be rated investment grade."}
{"_id": "d889a7de2", "title": "", "text": "| 2013 2012 2011 | Net sales | Operating profit | Operating margins | Backlog at year-end |"}
{"_id": "d89aa95dc", "title": "", "text": "| Price Collar Contracts Price Swap Contracts | Floor Price | Weighted | Floor | Volume | Period | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | 2008 Average |"}
{"_id": "d81f933f2", "title": "", "text": "| Cash $45,826 | Customer-related intangible assets | Acquired technology | Trade name | Other assets | Deferred income tax assets (liabilities) | Other liabilities | Total identifiable net assets | Goodwill | Total purchase consideration |"}
{"_id": "d8e6d7e5e", "title": "", "text": "Significant Customers Centene receives the majority of its revenues under contracts or subcontracts with state Medicaid managed care programs.\nThe contracts, which expire on various dates between June 30, 2006 and August 31, 2008, are expected to be renewed.\nContracts with the states of Indiana, Kansas, Texas and Wisconsin each accounted for 18%, 12%, 22% and 23%, respectively, of the Companys revenues for the year ended December 31, 2005.\nReinsurance Centene has purchased reinsurance from third parties to cover eligible healthcare services.\nThe current reinsurance program covers 90% of inpatient healthcare expenses in excess of annual deductibles of $300 per member, up to a lifetime maximum of $2,000.\nCentenes Medicaid Managed Care subsidiaries are responsible for inpatient charges in excess of an average daily per diem.\nReinsurance recoveries were $4,014, $3,730, and $5,345, in 2005, 2004, and 2003, respectively.\nReinsurance expenses were approximately $4,105, $6,724, and $6,185 in 2005, 2004, and 2003, respectively.\nReinsurance recoveries, net of expenses, are included in medical costs.\nOther Income (Expense) Other income (expense) consists principally of investment income and interest expense.\nInvestment income is derived from the Companys cash, cash equivalents, restricted deposits and investments.\nInterest expense relates to borrowings under our credit facility, mortgage interest, interest on capital leases and credit facility fees.\nIncome Taxes Deferred tax assets and liabilities are recorded for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases.\nDeferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.\nThe effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date of the tax rate change.\nValuation allowances are provided when it is considered more likely than not that deferred tax assets will not be realized.\nIn determining if a deductible temporary difference or net operating loss can be realized, the Company considers future reversals of"}
{"_id": "d870c5752", "title": "", "text": "| In millions of dollars, except as otherwise noted 2018 2017 2016 % Change2018 vs. 2017 % Change2017 vs. 2016 | Net interest revenue | Non-interest revenue | Total revenues, net of interest expense | Total operating expenses | Net credit losses | Credit reserve build (release) | Provision (release) for unfunded lending commitments | Provision for benefits and claims | Provisions for credit losses and for benefits and claims(LLR & PBC) | Income from continuing operations before taxes | Income taxes | Income from continuing operations | Noncontrolling interests | Net income | Balance Sheet data and ratios(in billions of dollars) | Total EOP assets | Average assets | Return on average assets | Efficiency ratio | Average deposits | Net credit losses as a percentage of average loans | Revenue by business | Retail banking | Cards-1 | Total | Income from continuing operations by business | Retail banking | Cards-1 | Total |"}
{"_id": "d82441a20", "title": "", "text": "| 2015 2014 2013 | Pension expense | Special terminations, settlements, and curtailments (included above) | Weighted average discount rate | Weighted average expected rate of return on plan assets | Weighted average expected rate of compensation increase |"}
{"_id": "d88ac74a2", "title": "", "text": "| Year ended December 31, | (Dollars in thousands) | Net interest income | Provision for loan losses | Noninterest income | Noninterest expense | Income before income tax expense | Total average loans | Total average assets | Total average deposits |"}
{"_id": "d8e01a742", "title": "", "text": "| Other liability occurrence $18,116 | Other liability claims made | Workers compensation | Auto liability | Property | International | Reinsurance | Medical malpractice | Aircraft | Products liability | Commercial multiple peril | Accident and health | Fidelity/ surety | Other | Total | DBG(a) | Personal Lines(b) | Transatlantic | Mortgage Guaranty | Foreign General(c) | Total Net Loss Reserve |"}
{"_id": "d8159e2fc", "title": "", "text": "Business Realignment and Reorganization On 18 September 2014, we announced plans to reorganize the Company, including realignment of our businesses in new reporting segments and other organizational changes, effective as of 1 October 2014.\nAs a result of this reorganization, we incurred severance and other charges.\nIn fiscal year 2015, we recognized an expense of $207.7 ($153.2 after-tax, or $.71 per share).\nSeverance and other benefits totaled $151.9 and related to the elimination of approximately 2,000 positions.\nAsset and associated contract actions totaled $55.8 and related primarily to a plant shutdown in the Corporate and other segment and the exit of product lines within the Industrial Gases – Global and Materials Technologies segments.\nThe 2015 charges related to the segments as follows: $31.7 in Industrial Gases – Americas, $52.2 in Industrial Gases – EMEA, $10.3 in Industrial Gases – Asia, $37.0 in Industrial Gases – Global, $27.6 in Materials Technologies, and $48.9 in Corporate and other.\nDuring the fourth quarter of 2014, an expense of $12.7 ($8.2 after-tax, or $.04 per share) was incurred relating to the elimination of approximately 50 positions.\nThe 2014 charge related to the segments as follows: $2.9 in Industrial Gases – Americas, $3.1 in Industrial Gases – EMEA, $1.5 in Industrial Gases – Asia, $1.5 in Industrial Gases – Global, $1.6 in Materials Technologies, and $2.1 in Corporate and other."}
{"_id": "d8ab4af9e", "title": "", "text": "| 2004 2003 2002 | Amortization | Royalties | Research and product development | Advertising | Selling, distribution and administration |"}
{"_id": "d87a70afe", "title": "", "text": "| Target Allocation Range Percentage of Plan Assets by Strategy at December 31 | PNC Pension Plan | Asset Category | Domestic Equity | International Equity | Private Equity | Total Equity | Domestic Fixed Income | High Yield Fixed Income | Total Fixed Income | Real estate | Other | Total |"}
{"_id": "d8bffd216", "title": "", "text": "| Currency 2016 2015 2014 | Pound Sterling | Euro | Real | Indian Rupee | Total impact |"}
{"_id": "d8b1dbe1c", "title": "", "text": "| Year Ended Operating Premises Leases | 2014 | 2015 | 2016 | 2017 | 2018 | Thereafter |"}
{"_id": "d8ed3182c", "title": "", "text": "Other consumer  Other consumer loans primarily consists of consumer loans not secured by real estate, including personal unsecured loans, overdraft balances, and credit cards."}
{"_id": "d8f2f1b86", "title": "", "text": "| Type Date Issued Amount Repaid Interest Rate Maturity Date Date Paid | MTN | Senior Note | MTN | Senior Note | Senior Note |"}
{"_id": "d85f61f2e", "title": "", "text": "| December 31, 2011 | (Dollars in millions) | U.S. commercial | U.S. commercial real estate | Non-U.S. and other-3 | Total selected loans | Percent of total | Sensitivity of selected loans to changes in interest rates for loans due after one year: | Fixed interest rates | Floating or adjustable interest rates | Total |"}
{"_id": "d8e350dee", "title": "", "text": "Stock-based Compensation Arconic has a stock-based compensation plan under which stock options and stock awards are granted in January each year to eligible employees.\nMost plan participants can choose whether to receive their award in the form of stock options, restricted stock unit awards, or a combination of both.\nThis choice is made before the grant is issued and is irrevocable.\nStock options are granted at the closing market price of Arconics common stock on the date of grant and vest over a three-year service period (1/3 each year) with a ten-year contractual term.\nRestricted stock unit awards also vest over a three-year service period from the date of grant and certain of these awards also include performance conditions.\nFor the majority of performance stock awards issued in 2016, 2015, and 2014, the final number of shares earned will be based on Arconics achievement of sales and profitability targets over the respective three-year performance periods.\nOne-third of the award will be earned each year based on the performance against the preestablished targets for that year.\nThe performance stock awards earned over the three-year period vest at the end of the third year.\nIn 2016, 2015, and 2014, Arconic recognized stock-based compensation expense of $76 ($51 after-tax), $77 ($51 aftertax), and $70 ($47 after-tax), respectively.\nFor each of 2016, 2015, and 2014, approximately 80% of the stock-based compensation expense recognized related to restricted stock unit awards and no stock-based compensation expense was capitalized in any of those years.\nAt December 31, 2016, there was $45 (pretax) of unrecognized compensation"}
{"_id": "d8120e344", "title": "", "text": "| In millions of dollars 2009 2008 | Balance, beginning of the year | Additions for new sales | Change in estimate | Utilizations | Balance, end of the year |"}
{"_id": "d8dbe56e0", "title": "", "text": "Pension and Other Postretirement Benefit Plans The Company has defined benefit pension plans covering eligible employees in the United States and in certain of its international subsidiaries.\nAs a result of plan design changes approved in 2011, beginning on January 1, 2013, active participants in Merck’s primary U. S.  defined benefit pension plans are accruing pension benefits using new cash balance formulas based on age, service, pay and interest.\nHowever, during a transition period from January 1, 2013 through December 31, 2019, participants will earn the greater of the benefit as calculated under the employee’s legacy final average pay formula or their new cash balance formula.\nFor all years of service after December 31, 2019, participants will earn future benefits under only the cash balance formula.\nIn addition, the Company provides medical benefits, principally to its eligible U. S.  retirees and their dependents, through its other postretirement benefit plans.\nThe Company uses December 31 as the year-end measurement date for all of its pension plans and other postretirement benefit plans.\nNet Periodic Benefit Cost The net periodic benefit cost for pension and other postretirement benefit plans consisted of the following components"}
{"_id": "d8d6f4578", "title": "", "text": "| (In millions) 2015 Budget Percent of Total | North America E&P | International E&P | Oil Sands Mining(a) | Segment total | Corporate and other | Total capital, investment and exploration spending budget |"}
{"_id": "d8b6116da", "title": "", "text": "A class action arising out of the processing system intrusion was filed against us on April 4, 2012 by Natalie Willingham (individually and on behalf of a putative nationwide class) (the “Plaintiff”).\nSpecifically, Ms.  Willingham alleged that we failed to maintain reasonable and adequate procedures to protect her personally identifiable information (“PII”) which she claims resulted in two fraudulent charges on her credit card in March 2012.\nFurther, Ms.  Willingham asserted that we failed to timely notify the public of the data breach.\nBased on these allegations, Ms.  Willingham asserted claims for negligence, violation of the Federal Stored Communications Act, willful violation of the Fair Credit Reporting Act, negligent violation of the Fair Credit Reporting Act, violation of Georgia’s Unfair and Deceptive Trade Practices Act, negligence per se, breach of third-party beneficiary contract, and breach of implied contract.\nMs.  Willingham sought an unspecified amount of damages and injunctive relief.\nThe lawsuit was filed in the United States District Court for the Northern District of Georgia.\nOn May 14, 2012, we filed a motion to dismiss.\nOn July 11, 2012, Plaintiff filed a motion for leave to amend her complaint, and on July 16, 2012, the Court granted that motion.\nShe then filed an amended complaint on July 16, 2012.\nThe amended complaint did not add any new causes of action.\nInstead, it added two new named Plaintiffs (Nadine and Robert Hielscher) (together with Plaintiff, the “Plaintiffs”) and dropped Plaintiff’s claim for negligence per se.\nOn August 16, 2012, we filed a motion to dismiss the Plaintiffs’ amended complaint.\nThe Plaintiffs filed their response in opposition to our motion to dismiss on October 5, 2012, and we subsequently filed our reply brief on October 22, 2012.\nThe magistrate judge issued a report and recommendation recommending dismissal of all of Plaintiffs’ claims with prejudice.\nThe Plaintiffs subsequently agreed to voluntarily dismiss the lawsuit with prejudice, with each party bearing its own fees and costs.\nThis was the only consideration exchanged by the parties in connection with Plaintiffs’ voluntary dismissal with prejudice of the lawsuit.\nThe lawsuit was dismissed with prejudice on March 6, 2013."}
{"_id": "d8e11c320", "title": "", "text": "(a) Revenues from electric sales are subject to a revenue decoupling mechanism, as a result of which, delivery revenues generally are not affected by changes in delivery volumes from levels assumed when rates were approved.\n(b) Residential/Religious generally includes single-family dwellings, individual apartments in multi-family dwellings, religious organizations and certain other not-for-profit organizations.\n(c) Other electric operating revenues generally reflect changes in regulatory assets and liabilities in accordance with the revenue decoupling mechanism and other provisions of the companys rate plans.\nSee Note B to the financial statements in Item 8.\n(d) After adjusting for variations, principally weather and billing days, electric delivery volumes in CECONYs service area were the same in 2016 compared with 2015.\nOperating revenues decreased $66 million in 2016 compared with 2015 due primarily to lower purchased power expenses ($151 million) and lower fuel expenses ($14 million), offset in part by higher revenues from the electric rate plan ($122 million) and changes in regulatory charges ($20 million) .\nPurchased power expenses decreased $151 million in 2016 compared with 2015 due to lower unit costs ($111 million) and purchased volumes ($40 million)"}
{"_id": "d8c0f5b5a", "title": "", "text": "| Ozark Automotive Distributors, Inc. Missouri | Greene County Realty Co. | O’Reilly II Aviation, Inc. | Ozark Services, Inc. | Hi-LO Investment Company | Hi-LO Management Company |"}
{"_id": "d8825d8e8", "title": "", "text": "| -1(2) December 31, 2010 December 31, 2009 | NAIC Designation | (in millions) | 1 | 2 | Subtotal High or Highest Quality Securities | 3 | 4 | 5 | 6 | Subtotal Other Securities-4 | Total Private Fixed Maturities | -1 | NAIC Designation | (in millions) | 1 | 2 | Subtotal High or Highest Quality Securities | 3 | 4 | 5 | 6 | Subtotal Other Securities-2 | Total Private Fixed Maturities |"}
{"_id": "d8912bde8", "title": "", "text": "| Gross Carrying Amount Accumulated Amortization | 2014 | (Dollars in thousands) | Customer lists | In-process research and development | Intellectual property | Distribution rights | Trade names | Noncompete agreements | $1,573,043 |"}
{"_id": "d86439d08", "title": "", "text": "| Payments Due by Fiscal Year | In Millions | Long-term debt (a) | Accrued interest | Operating leases (b) | Capital leases | Purchase obligations (c) | Total contractual obligations | Other long-term obligations (d) | Total long-term obligations |"}
{"_id": "d8cd34880", "title": "", "text": "The cost of services received from employees in exchange for the issuance of stock options and restricted stock awards is measured based on the grant date fair value of the awards issued.\nThe value of stock options and restricted stock unit awards at the date of the grant is amortized through expense over the three-year service period.\nAll awards granted in 2013, 2012 and 2011 are classified as equity.\nThe Company receives a tax deduction based on the intrinsic value of the award at the exercise date for stock options and the distribution date for restricted stock units.\nFor each award, throughout the requisite service period, the Company recognizes the tax benefits, which have been included in deferred tax assets, related to compensation costs.\nThe tax deductions in excess of the benefits recorded throughout the requisite service period are recorded to shareholders equity or the income statement and are included in the financing section of the statement of cash flows.\nThe Company stratified its grant populations and used historic employee turnover rates to estimate employee forfeitures.\nThe estimated rate is compared to the actual forfeitures at the end of the period and adjusted as necessary.\nStock Options In 2013, 2012 and 2011, the Company granted non-qualified stock options to certain employees under the Plan.\nThe stock options vest ratably over the three-year service period beginning on January 1 of the year of grant.\nThese awards have no performance vesting conditions and the grant date fair value is amortized through expense over the requisite service period using the straight-line method.\nThe following table presents the weighted-average assumptions used in the Black-Scholes option-pricing model for grants and the resulting weighted-average grant date fair value per share of stock options granted in the years ended December 31, 2013, 2012 and 2011:"}
{"_id": "d8adbdc18", "title": "", "text": "| Program | 737 | 2012 | Program accounting quantities | Undelivered units under firm orders | Cumulative firm orders | 2011 | Program accounting quantities | Undelivered units under firm orders | Cumulative firm orders | 2010 | Program accounting quantities | Undelivered units under firm orders | Cumulative firm orders |"}
{"_id": "d8e79b638", "title": "", "text": "[1] The following points are significant to understanding the cash flows estimated for obligations under property and casualty contracts: ?\nReserves for Property & Casualty unpaid losses and loss adjustment expenses include IBNR and case reserves.\nWhile payments due on claim reserves are considered contractual obligations because they relate to insurance policies issued by the Company, the ultimate amount to be paid to settle both case reserves and IBNR is an estimate, subject to significant uncertainty.\nThe actual amount to be paid is not finally determined until the Company reaches a settlement with the claimant.\nFinal claim settlements may vary significantly from the present estimates, particularly since many claims will not be settled until well into the future.  ?\nIn estimating the timing of future payments by year, the Company has assumed that its historical payment patterns will continue.\nHowever, the actual timing of future payments could vary materially from these estimates due to, among other things, changes in claim reporting and payment patterns and large unanticipated settlements.\nIn particular, there is significant uncertainty over the claim payment patterns of asbestos and environmental claims.\nIn addition, the table does not include future cash flows related to the receipt of premiums that may be used, in part, to fund loss payments.  ?\nUnder U. S.  GAAP, the Company is only permitted to discount reserves for losses and loss adjustment expenses in cases where the payment pattern and ultimate loss costs are fixed and determinable on an individual claim basis.\nFor the Company, these include claim settlements with permanently disabled claimants.\nAs of December 31, 2014, the total property and casualty reserves in the above table are gross of a reserve discount of $556."}
{"_id": "d8a8410fa", "title": "", "text": "| Year Ended December 31, | 2017 | (In thousands, except per share data) | Net income | Net income attributable to noncontrolling interests | Gain on sale of real estate and change in control of interests, net | Depreciation and amortization of real estate assets | Amortization of initial direct costs of leases | Funds from operations | Dividends on preferred shares -1 | Income attributable to operating partnership units | Income attributable to unvested shares | Funds from operations available for common shareholders -2 | Weighted average number of common shares, diluted -1 | Funds from operations available for common shareholders, per diluted share -2 |"}
{"_id": "d8848a4e0", "title": "", "text": "| December 31, 2009  Debt Service Coverage Ratio | Greater than  2.0x | Loan-to-Value Ratio | 0%—50% | 50%—60% | 60%—70% | 70%—80% | 80%—90% | 90%—100% | Greater than 100% | Total commercial mortgage loans |"}
{"_id": "d8f32afbc", "title": "", "text": "CBOE HOLDINGS, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) For the years ended December 31, 2016, 2015 and 2014 15.\nCOMMITMENTS AND CONTINGENCIES (Continued) Other As a self-regulatory organization under the jurisdiction of the SEC, with respect to CBOE and C2, and as a designated contract market under the jurisdiction of the CFTC, with respect to CFE, we are subject to routine reviews and inspections by the SEC and the CFTC.\nWe are also currently a party to various other legal proceedings in addition to those already mentioned.\nManagement does not believe that the outcome of any of these other reviews, inspections or other legal proceedings will have a material impact on our consolidated financial position, results of operations or cash flows.\nLeases and Other Obligations The Company currently leases additional office space, a data center and remote network operations center, with lease terms remaining from 3 months to 103 months as of December 31, 2016.\nTotal rent expense related to these lease obligations, reflected in technology support services and facilities costs line items on the Consolidated Statements of Income, for the years ended December 31, 2016, 2015 and 2014 were $4.4 million, $4.1 million and $3.8 million, respectively.\nFuture minimum payments for our operating leases, contractual obligations and other liabilities are as follows at December 31, 2016 (in thousands):"}
{"_id": "d8d930a76", "title": "", "text": "The following table presents estimated future benefit payments, using the same assumptions used in determining the Company’s benefit obligations as of December 31, 2011.\nBenefit payments depend on future employment and compensation levels, years of service, and mortality.\nChanges in any of these factors could significantly affect these estimated amounts."}
{"_id": "d87ab19d2", "title": "", "text": "Managements discussion and analysis J. P.  Morgan Chase & C Nonperforming assets decreased by $1.7 billion, or 35%, during the year ended December 31, 2003, to $3.1 billion.\nThe decrease was due to activity in the commercial portfolio: total reductions, including repayments, loan sales and net charge-offs exceeded new additions, resulting in net reductions of $1.7 billion.\nBy contrast, there were commercial net additions during 2002.\nA decline in exposure to the Telecom services, Utilities and Media industries accounted for more than half of the overall $1.7 bil- lion decrease.\nCommercial Commercial nonperforming loans decreased by 45%, to $2.0 billion as of December 31, 2003, from $3.7 billion at year- end 2002.\nOver the same period, nonperforming commercial loans as a percentage of total commercial loans fell to 2.42% from 4.01%.\nCommercial loan net charge-offs in 2003 were $816 million, compared with $1.9 billion in 2002, the result of improved credit quality in the portfolio and increased recoveries resulting from restructurings.\nThere were no net charge-offs of commercial lendingrelated commitments in 2003, compared with $212 million in 2002.\nThe average annual net charge-off rate for commercial loans improved significantly, to 0.91% in 2003 from 1.93% in 2002.\nCommercial net charge-offs in 2004 are expected to decline, but at a slower pace than in the second half of 2003 Consumer The $21 million decrease in consumer nonperforming loans reflected improved credit quality in the portfolio.\nWhile net charge-offs increased by $92 million during the year reflecting a 10% growth in the portfolio, the average annual net charge-off rate declined to 1.96% from 2.30% during 2002.\nIn 2004, the amount of gross charge-offs is expected to increase due to growth in outstandings, but net charge-off rates are expected to remain stable.\nAllowance for credit losses JPMorgan Chases Allowance for credit losses is intended to cover probable credit losses, including losses where the asset is not specifically identified or the size of the loss has not been determined.\nAt least quarterly, the Firms Risk Management Committee reviews the Allowance for credit losses relative to the risk profile of the Firms credit portfolio and current economic conditions.\nThe allowance is adjusted based on that review if, in managements judgment, changes are warranted.\nThe allowance includes specific and expected loss components and a residual component.\nFor further discussion of the components of the Allowance for credit losses, see Critical accounting estimates used by the Firm on pages 7576 and Note 12 on page 100 of this Annual Report.\nAt December 31, 2003, management deemed the allowance for credit losses to be appropriate to absorb losses that currently may exist but are not yet identifiable Summary of changes in the allowance"}
{"_id": "d814d93bc", "title": "", "text": "| Site Location Start Court orAgency % of TotalLiability | Metal Bank of America | Borne Chemical | Ellis Road |"}
{"_id": "d81f21f9a", "title": "", "text": "| December 31, | 2012 | Senior secured credit agreement: | Term loans payable | Revolving credit facility | Receivables securitization facility | Notes payable through October 2018 at weighted average interest rates of 1.7% and 2.0%, respectively | Other long-term debt at weighted average interest rates of 3.3% and 3.2%, respectively | 1,118,478 | Less current maturities | $1,046,762 |"}
{"_id": "d876fa23a", "title": "", "text": "| Year ended December 31, 2018 2017 2016 | Statutory U.S. federal tax rate | Increase/(decrease) in tax rate resulting from: | U.S. state and local income taxes, net of U.S. federal income tax benefit | Tax-exempt income | Non-U.S. subsidiary earnings | Business tax credits | Impact of the TCJA | Other, net | Effective tax rate | Year ended December 31,(in millions, except rates) | Net interest income – managed basis(a)(b) | Less: CIB Markets net interest income(c) | Net interest income excluding CIB Markets(a) | Average interest-earning assets | Less: Average CIB Markets interest-earning assets(c) | Average interest-earning assets excluding CIB Markets | Net interest yield on average interest-earning assets – managed basis | Net interest yield on average CIB Markets interest-earning assets(c) | Net interest yield on average interest-earning assets excluding CIB Markets |"}
{"_id": "d8a606a74", "title": "", "text": "| December 31, 2015 | Non-agency-sponsored mortgages-1 | U.S. agency-sponsored mortgages | Discount rate | Weighted average discount rate | Constant prepayment rate | Weighted average constant prepayment rate | Anticipated net credit losses-2 | Weighted average anticipated net credit losses | Weighted average life |"}
{"_id": "d886343c2", "title": "", "text": "| (in millions) Amortized Cost or Cost Gross Unrealized Gains Gross Unrealized Losses Fair Value Other-Than- Temporary Impairments in AOCI (a) | December 31, 2010 | Bonds available for sale: | U.S. government and government sponsored entities | Obligations of states, municipalities and political subdivisions | Non-U.S. governments | Corporate debt | Mortgage-backed, asset-backed and collateralized: | RMBS | CMBS | CDO/ABS | Total mortgage-backed, asset-backed and collateralized | Total bonds available for sale(b) | Equity securities available for sale: | Common stock | Preferred stock | Mutual funds | Total equity securities available for sale | Total(c) | December 31, 2009 | Bonds available for sale: | U.S. government and government sponsored entities | Obligations of states, municipalities and political subdivisions | Non-U.S. governments | Corporate debt | Mortgage-backed, asset-backed and collateralized: | RMBS | CMBS | CDO/ABS | Total mortgage-backed, asset-backed and collateralized | Total bonds available for sale(b) | Equity securities available for sale: | Common stock | Preferred stock | Mutual funds | Total equity securities available for sale | Total(c) |"}
{"_id": "d86c1f108", "title": "", "text": "Operating Activities Cash flows from operating activities for the year ended December 31, 2017 primarily consisted of payments received from our clients and interest earned on funds held for clients.\nCash used in operating activities primarily consisted of cash we invested in personnel and expenditures made to support the growth and infrastructure of our business.\nThese payments included costs of operations, advertising and other sales and marketing efforts, IT infrastructure development, product research and development and security and administrative costs.\nCompared to the year ended December 31, 2016, our operating cash flows for the year ended December 31, 2017 were positively impacted by the growth of our business.\nCash flows from operating activities for the year ended December 31, 2016 primarily consisted of payments received from our clients and interest earned on funds held for clients.\nCash used in operating activities primarily consisted of cash we invested in personnel and expenditures made to support the growth and infrastructure of our business.\nThese payments included costs of operations, sales and marketing efforts, IT infrastructure development and security and administrative costs.\nCompared to the year ended December 31, 2015, our operating cash flows for the year ended December 31, 2016 were positively impacted by the growth of our business.\nInvesting Activities Cash flows from investing activities for the year ended December 31, 2017 changed by $85.3 million due to the impact of changes in funds held for clients and a $15.6 million increase in cash used for purchases of property and equipment, primarily as a result of the ongoing construction of our fourth headquarters building.\nCash flows from investing activities for the year ended December 31, 2016 changed by $152.7 million due to the impact of changes in funds held for clients and a $27.3 million increase in cash used for purchases of property and equipment, primarily as a result of the construction of our third headquarters building.\nFinancing Activities Cash flows from financing activities for the year ended December 31, 2017 changed by $30.1 million due to the impact of changes in client funds obligation, which is due to the timing of receipts from our clients and payments to our client’s employees.\nFinancing cash flows were also impacted by the $35.9 million increase in proceeds from the issuance of long-term debt.\nThese cash flows provided by financing activities were partially offset by the $34.3 million increase in payments on long-term debt related to our previous loan agreements, a $21.3 million increase in open market purchases of common stock, an $18.5 million increase in withholding taxes paid related to net share settlements, $0.8 million in debt extinguishment costs and a $0.3 million increase in the payment of debt issuance costs."}
{"_id": "d8f565656", "title": "", "text": "?\ntax benefit of $36.7 million from the effective settlement of the State of California FTBs examination of our tax returns from 2001 through 2003; ?\ntax benefit from the release of $14.8 million of valuation allowance against our United States deferred tax assets due to the acquisition of intangible assets held by Sigrity during fiscal 2012; which were partially offset by; ?\ntax expense related to certain of our foreign subsidiaries; and ?\nexcess tax benefit from employee stock compensation that was allocated to equity.\nOur future effective tax rates may be materially impacted by tax amounts associated with our foreign earnings at rates different from the United States federal statutory rate, research credits, the tax impact of stockbased compensation, accounting for uncertain tax positions, business combinations, closure of statute of limitations or settlement of tax audits, changes in valuation allowance and changes in tax law.\nA significant amount of our foreign earnings is generated by our subsidiaries organized in Ireland and Hungary.\nOur future effective tax rates may be adversely affected if our earnings were to be lower in countries where we have lower statutory tax rates or if we were to repatriate certain foreign earnings on which United States taxes have not been previously accrued.\nThe law that authorized the United States federal research tax credit expired on December 31, 2014.\nUnless a new law reinstates the federal research tax credit, we will not include the potential benefit of the federal research tax credit in our tax provision calculations for fiscal 2015.\nWe currently expect that our fiscal 2015 effective tax rate will be higher than our fiscal 2014 effective tax rate.\nFor further discussion regarding our income taxes, see Note 6 in the notes to consolidated financial statements."}
{"_id": "d8ad5a8a2", "title": "", "text": "Integrated Gas Our IG operations include production and marketing of products manufactured from natural gas, such as LNG and methanol, in E. G.  World LNG trade in 2012 has been estimated to be 240 mmt.\nLong-term, LNG continues to be in demand as markets seek the benefits of clean burning natural gas.\nMarket prices for LNG are not reported or posted.\nIn general, LNG delivered to the U. S.  is tied to Henry Hub prices and will track with changes in U. S.  natural gas prices, while LNG sold in Europe and Asia is indexed to crude oil prices and will track the movement of those prices.\nWe have a 60 percent ownership in an LNG production facility in E. G. , which sells LNG under a long-term contract at prices tied to Henry Hub natural gas prices.\nGross sales from the plant were 3.8 mmt, 4.1 mmt and 3.7 mmt in 2012, 2011 and 2010.\nWe own a 45 percent interest in a methanol plant located in E. G.  through our investment in AMPCO.\nGross sales of methanol from the plant totaled 1.1 mmt, 1.0 mmt and 0.9 mmt in 2012, 2011 and 2010.\nMethanol demand has a direct impact on AMPCO’s earnings.\nBecause global demand for methanol is rather limited, changes in the supply-demand balance can have a significant impact on sales prices.\nWorld demand for methanol in 2012 has been estimated to be 49 mmt.\nOur plant capacity of 1.1 mmt is about 2 percent of world demand."}
{"_id": "d88a11c06", "title": "", "text": "| 2014 2013 2012 | Balance as of January 1 | Current year increases | Write-offs, net of recoveries and other | Balance as of December 31 |"}
{"_id": "d86cf72ce", "title": "", "text": "The following discussion and analysis of results of operations should be read in conjunction with the Consolidated Financial Statements.\nFourth Quarter 2012 Results Product Groups"}
{"_id": "d8eaab92c", "title": "", "text": "Income Taxes American Water and its subsidiaries participate in a consolidated federal income tax return for U. S.  tax purposes.\nMembers of the consolidated group are charged with the amount of federal income tax expense determined as if they filed separate returns.\nCertain income and expense items are accounted for in different time periods for financial reporting than for income tax reporting purposes.\nThe Company provides deferred income taxes on the difference between the tax basis of assets and liabilities and the amounts at which they are carried in the financial statements.\nThese deferred income taxes are based on the enacted tax rates expected to be in effect when these temporary differences are projected to reverse.\nIn addition, the regulated utility subsidiaries recognize regulatory assets and liabilities for the effect on revenues expected to be realized as the tax effects of temporary differences, previously flowed through to customers, reverse.\nInvestment tax credits have been deferred by the regulated utility subsidiaries and are being amortized to income over the average estimated service lives of the related assets.\nThe Company recognizes accrued interest and penalties related to tax positions as a component of income tax expense and accounts for sales tax collected from customers and remitted to taxing authorities on a net basis.\nSee Note 13Income Taxes.\nAllowance for Funds Used During Construction AFUDC is a non-cash credit to income with a corresponding charge to utility plant that represents the cost of borrowed funds or a return on equity funds devoted to plant under construction.\nThe regulated utility subsidiaries record AFUDC to the extent permitted by the PUCs.\nThe portion of AFUDC attributable to borrowed funds is shown as a reduction of interest, net in the accompanying Consolidated Statements of Operations.\nAny portion of AFUDC attributable to equity funds would be included in other income (expenses) in the accompanying Consolidated Statements of Operations."}
{"_id": "d812324e2", "title": "", "text": "| ($ in millions) 2010 2009 2008 | Cash from operations | Depreciation expense | Amortization expense | December 31, | 2009 | (in millions) | Fixed maturity securities, available-for-sale | Fixed maturity securities, trading | Equity securities, trading | Cash and other assets | Total assets pledged as collateral | Long-term debt and other obligations |"}
{"_id": "d8dded212", "title": "", "text": "Net sales in Japan remained flat during 2002 versus 2001, with a slight decline in unit sales of 2%.\nConsistent with the Company’s other geographic operating segments, during 2002 Japan showed growth in unit sales of consumer systems and a decline in unit sales of Power Macintosh systems.\nJapan’s iMac unit sales increased 85% in 2002.\nHowever, in the case of Japan the increase in iMac unit shipments in 2002 versus 2001 was primarily the result of the unusually depressed level of net sales experienced by the Company in the first quarter of 2001 as discussed above.\nAdditionally, net sales in Japan on a sequential and year-over-year comparative basis generally worsened as 2002 progressed reflecting particularly poor economic conditions in Japan."}
{"_id": "d87434d0c", "title": "", "text": "| As of December | in millions | Property, leasehold improvements andequipment1 | Goodwill and identifiable intangibleassets2 | Income tax-related assets3 | Equity-method investments4 | Miscellaneous receivables and other5 | Total | At December 31, | ASSETS | Derivatives designated under hedge accounting: | Interest-rate contracts: | Financial Services: | Other assets | Deferred taxes and other liabilities | Foreign-exchange contracts: | Truck, Parts and Other: | Other current assets | Accounts payable, accrued expenses and other | $57.1 | Economic hedges: | Interest-rate contracts: | Financial Services: | Deferred taxes and other liabilities | Foreign-exchange contracts: | Truck, Parts and Other: | Other current assets | Accounts payable, accrued expenses and other | Financial Services: | Other assets | Deferred taxes and other liabilities | $.7 | Gross amounts recognized in Balance Sheet | Less amounts not offset in financial instruments: | Truck, Parts and Other: | Foreign-exchange contracts | Financial Services: | Interest-rate contracts | Foreign-exchange contracts | Pro forma net amount |"}
{"_id": "d8f0251a0", "title": "", "text": "| Issued In Treasury Shares Outstanding | Balance, January 1, 2009 | Shares sold to optionees less shares exchanged | Vesting of restricted stock | Shares issued under employee stock purchase plan | Stock repurchase program | Balance, December 31, 2009 | Acquisition of Smith International, Inc. | Shares sold to optionees less shares exchanged | Shares issued under employee stock purchase plan | Stock repurchase program | Issued on conversions of debentures | Balance, December 31, 2010 | Shares sold to optionees less shares exchanged | Vesting of restricted stock | Shares issued under employee stock purchase plan | Stock repurchase program | Balance, December 31, 2011 | (Stated in millions ) | 2013 | Revenue | North America | Latin America | Europe/CIS/Africa | Middle East & Asia | Eliminations & other | Pretax operating income | Corporate & other-1 | Interest income-2 | Interest expense-3 | Charges & credits-4 | $45,266 |"}
{"_id": "d8ab10fa6", "title": "", "text": "(1) As of December 31, 2010 and 2009, includes $0.3 billion and $2.0 billion, respectively, of short-term debt representing collateralized advances with the Federal Home Loan Bank of New York, which are discussed in more detail in Alternative Sources of LiquidityFederal Home Loan Bank of New York.\n (2) As of both December 31, 2010 and 2009, includes $3.2 billion of floating rate surplus notes issued by subsidiaries of Prudential Insurance to fund regulatory reserves, as well as $942 million and $941 million, respectively, of fixed rate surplus notes issued by Prudential Insurance.\n(3) Reflects collateralized advances with Federal Home Loan Bank of New York, which are discussed in more detail in Alternative Sources of LiquidityFederal Home Loan Bank of New York.\n (4) As of both December 31, 2010 and 2009, $1.750 billion of limited and non-recourse long-term debt outstanding was attributable to the Closed Block Business.\n(5) Does not include $3.5 billion and $4.9 billion of medium-term notes of consolidated trust entities secured by funding agreements purchased with the proceeds of such notes as of December 31, 2010 and 2009, respectively, or $1.5 billion of collateralized funding agreements issued to the Federal Home Loan Bank of New York as of both December 31, 2010 and 2009.\nThese notes and funding agreements are included in Policyholders account balances.\n For additional information on the trust notes, see Funding Agreement Notes Issuance Program and for additional information on the Federal Home Loan Bank of New York funding agreements, see Alternative Sources of LiquidityFederal Home Loan Bank of New York.\n On September 18, 2009, Prudential Insurance issued in a private placement $500 million of surplus notes due September 2019, with an interest rate of 5.36% per annum, that are exchangeable by the holders for shares of Prudential Financial Common Stock.\nSee Note 14 to our Consolidated Financial Statements for more information regarding these exchangeable surplus notes.\nThe proceeds from the sale of these surplus notes are being used for general corporate purposes at Prudential Insurance.\nTotal general debt obligations increased by $1.9 billion from December 31, 2009 to December 31, 2010, primarily reflecting issuances of medium-term notes and an increase in commercial paper utilized to fund loans to our affiliates, offset by the repayment of the collateralized advance with the Federal Home Loan Bank of New York and certain retail medium-term notes.\nOur total borrowings consist of capital debt, investment-related debt, securities business-related debt and debt related to specified other businesses.\nCapital debt consists of borrowings that are used or will be used to meet the capital requirements of Prudential Financial, as well as borrowings invested in equity or debt securities of direct or indirect subsidiaries of Prudential Financial and subsidiary borrowings utilized for capital requirements.\nInvestment-related borrowings consist of debt issued to finance specific investment assets or portfolios of investment assets, including institutional spread lending investment portfolios, real estate and real estate-related investments held in consolidated joint ventures, assets supporting reserve requirements under Regulation XXX and Guideline AXXX as described below, as well as institutional and insurance company portfolio cash flow timing differences.\nSecurities business-related debt consists of debt issued to finance primarily the liquidity of our broker-dealers and our capital markets and other securities business-related operations.\nDebt related to specified other businesses consists of borrowings associated with our individual annuity business, real estate franchises and relocation services.\nBorrowings under which either the holder is entitled to collect only against the assets pledged to the debt as collateral, or has only very limited rights to collect against other assets, have been classified as limited and non-recourse debt.\n(1) Amounts exclude prepayment premiums, other-than-temporary impairments, and credit related losses through sales of investments pursuant to our credit risk and portfolio management objectives.\n(2) Excludes the portion of other-than-temporary impairments recorded in Other comprehensive income (loss), representing any difference between the fair value of the impaired debt security and the net present value of its projected future cash flows at the time of impairment."}
{"_id": "d8f770612", "title": "", "text": "| (Millions) 2007 2006 2005 | Interest expense | Interest income | Total |"}
{"_id": "d8204fea8", "title": "", "text": "Operating Cash Flows - Operating cash flows are affected by earnings from our business activities.\nChanges in commodity prices and demand for our services or products, whether because of general economic conditions, changes in supply, changes in demand for the end products that are made with our products or increased competition from other service providers, could affect our earnings and operating cash flows.2014 vs.  2013 - Cash flows from operating activities, before changes in operating assets and liabilities, were approximately $1,227.3 million in 2014 compared with $1,302.0 million 2013.\nThe decrease was due primarily to 2013 operating activities including a full year of operations of our former natural gas distribution business, which was separated from ONEOK on January 31, 2014, as discussed in Note B, offset partially by higher operating income from ONEOK Partners, as discussed in “Financial Results and Operating Information.\n” The changes in operating assets and liabilities increased operating cash flows by approximately $58.3 million in 2014, compared with a decrease of $7.2 million in 2013.\nThe increase was due primarily to the collection and payment of trade receivables and payables, resulting from the timing of cash collections from customers and paid to vendors and suppliers, which vary from period to period.\nThis change is also due to the change in NGL volumes in storage.\nThese increases were offset partially by higher settlements of liabilities associated with the wind down of our former energy services business and higher imbalances."}
{"_id": "d8cccb952", "title": "", "text": "On January 1, 2009, the Corporation acquired Merrill Lynch which contributed to both our consumer and commercial loans and commitments.\nAcquired consumer loans consist of residential mortgages, home equity loans and lines of credit and direct/indirect and other loans.\nCommercial loans were comprised of both investment and non-investment grade loans and include exposures to CMBS, monolines and leveraged finance.\nConsistent with other acquisitions, we will incorporate the acquired assets into our overall credit risk management processes and enhance disclosures where appropriate.\nConsumer Portfolio Credit Risk Management Credit risk management for the consumer portfolio begins with initial underwriting and continues throughout a borrowers credit cycle.\nStatistical techniques in conjunction with experiential judgment are used in all aspects of portfolio management including underwriting, product pricing, risk appetite, setting credit limits, operating processes and metrics to quantify and balance risks and returns.\nStatistical models are built using detailed behavioral information from external sources such as credit bureaus and/or internal historical experience.\nThese models are a component of our consumer credit risk management process and are used in part to help determine both new and existing credit decisions, portfolio management strategies including authorizations and line management, collection practices and strategies, determination of the allowance for loan and lease losses, and economic capital allocations for credit risk.\nFor information on our accounting policies regarding delinquencies, nonperforming status and charge-offs for the consumer portfolio, see Note 1  Summary of Significant Accounting Principles to the Consolidated Financial Statements.\nManagement of Consumer Credit Risk Concentrations Consumer credit risk is evaluated and managed with a goal that credit concentrations do not result in undesirable levels of risk.\nWe review, measure and manage credit exposure in numerous ways such as by product and geography in order to achieve the desired mix.\nAdditionally, credit protection is purchased on certain portions of our portfolio to enhance our overall risk management position.\nThe merger with Merrill Lynch will increase our concentrations to certain products and loan types.\nThese increases are primarily in the residential mortgage, home equity and direct/indirect portfolios.\nConsumer Credit Portfolio Overall, consumer credit quality indicators deteriorated during 2008 as our customers were negatively impacted by the slowing economy.\nContinued weakness in the housing markets, rising unemployment and underemployment, and tighter credit conditions resulted in rising credit risk across all our consumer portfolios.\nThe deterioration in the consumer credit quality indicators accelerated during the fourth quarter.\nTable 15 presents our consumer loans and leases and our managed credit card portfolio, and related credit quality information.\nLoans that were acquired from Countrywide that were considered impaired were written down to fair value at acquisition in accordance with SOP 03-3.\nRefer to the SOP 03-3 discussion beginning on page 65 for more information.\nIn addition to being included in the Outstandings column below, these loans are also shown separately, net of purchase accounting adjustments, for increased transparency in the SOP 03-3 Portfolio column."}
{"_id": "d89b4e5dc", "title": "", "text": "The Companies do not expect the required repayment, with interest, to the IRS of their SSCM tax benefits for 2002 through 2005 to exceed the $160 million ($147 million of which is attributable to Con Edison of New York) the Companies paid to the IRS in June 2007 as a deposit for the repayment.\nRepayment of the SSCM tax benefits would not affect the Companies results of operations because deferred taxes have been previously provided for the related temporary differences between the SSCM deductions taken for federal income tax purposes and the corresponding amounts charged to expense for financial reporting purposes.\nThe Companies notified New York State of the closing agreement with the IRS applicable to the years 2002 through 2004 and, in December 2008, made a payment of $34 million, including interest of $12 million ($31 million,"}
{"_id": "d8e487a00", "title": "", "text": "DISH NETWORK CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS - Continued F-26 In the event of a failure or loss of any of our satellites, we may need to acquire or lease additional satellite capacity or relocate one of our other satellites and use it as a replacement for the failed or lost satellite.\nSuch a failure could result in a prolonged loss of critical programming or a significant delay in our plans to expand programming as necessary to remain competitive and thus may have a material adverse effect on our business, financial condition and results of operations.\nPrior to 2013, certain of our satellites have experienced anomalies, some of which have had a significant adverse impact on their remaining useful life and/or commercial operation.\nThere can be no assurance that future anomalies will not impact the remaining useful life and/or commercial operation of any of the satellites in our fleet.\nSee Note 2 “Long-Lived Assets” for further discussion of evaluation of impairment.\nThere can be no assurance that we can recover critical transmission capacity in the event one or more of our in-orbit satellites were to fail.\nWe generally do not carry commercial insurance for any of the in-orbit satellites that we use, other than certain satellites leased from third parties, and therefore, we will bear the risk associated with any uninsured in-orbit satellite failures.\nRecent developments with respect to certain of our satellites are discussed below.\nLeased Satellites EchoStar XII.\nPrior to 2010, EchoStar XII experienced anomalies resulting in the loss of electrical power available from its solar arrays, which reduced the number of transponders that could be operated.\nIn September 2012, November 2012, and January 2013, EchoStar XII experienced additional solar array anomalies, which further reduced the electrical power available.\nDuring the third quarter 2013, EchoStar informed us that EchoStar XII will likely experience further loss of available electrical power that will impact its operational capability, and EchoStar reduced the remaining estimated useful life of the satellite to 18 months.\nPursuant to our satellite lease agreement with EchoStar, we are entitled to a reduction in our monthly recurring lease payments in the event of a partial loss of satellite capacity or complete failure of the satellite.\nSince the number of useable transponders on EchoStar XII depends on, among other things, whether EchoStar XII is operated in CONUS which provides service to the continental United States, spot beam, or hybrid CONUS/spot beam mode, we are unable to determine at this time the actual number of transponders that will be available at any given time or how many transponders can be used during the remaining estimated life of the satellite.\nThis satellite is currently not in service and serves as an in-orbit spare."}
{"_id": "d879794d4", "title": "", "text": "| 2007 2006 2005 | Total generation(billions of KWHs) | Total purchased power(billions of KWHs) | Sources of generation(percent)— | Coal | Nuclear | Gas | Hydro | Cost of fuel, generated(cents per net KWH)— | Coal | Nuclear | Gas | Average cost of fuel, generated(cents per net KWH) | Average cost of purchased power(cents per net KWH) |"}
{"_id": "d8a64b804", "title": "", "text": "| (In millions, except per share data and ratios) 2007 (b) 2006 (c) 2005 (d) 2004 (e) 2003(f) | OPERATING RESULTS(a) | Net sales | Cost of sales | 4,234 | Other income (expense), net | Operating profit | Interest expense | Other non-operating income (expense), net | Earnings before income taxes | Income tax expense | Net earnings | EARNINGS PER COMMON SHARE | Basic | Diluted | CASH DIVIDENDS | CONDENSED BALANCE SHEET DATA | Cash and cash equivalents | Short-term investments | Other current assets | Property, plant and equipment, net | Goodwill | Purchased intangibles, net | Prepaid pension asset | Other assets | Total | Current maturities of long-term debt | Other current liabilities | Long-term debt, net | Accrued pension liabilities | Other postretirement benefit liabilities | Other liabilities | Stockholders’ equity | Total | COMMON SHARES AT YEAR-END | CASH FLOW DATA | Cash provided by operating activities | Cash used for investing activities | Cash used for financing activities | RETURN ON INVESTED CAPITAL(g) | NEGOTIATED BACKLOG |"}
{"_id": "d8992648a", "title": "", "text": "Restricted Cash and Marketable Securities As of December 31, 2018, we had $108.1 million of restricted cash and marketable securities of which $78.6 million supports our insurance programs for workers compensation, commercial general liability, and commercial auto liability.\nAdditionally, we obtain funds through the issuance of tax-exempt bonds for the purpose of financing qualifying expenditures at our landfills, transfer stations, collection and recycling processing centers.\nThe funds are deposited directly into trust accounts by the bonding authorities at the time of issuance.\nAs the use of these funds is contractually restricted, and we do not have the ability to use these funds for general operating purposes, they are classified as restricted cash and marketable securities in our consolidated balance sheets.\nIn the normal course of business, we may be required to provide financial assurance to governmental agencies and a variety of other entities in connection with municipal residential collection contracts, closure or postclosure of landfills, environmental remediation, environmental permits, and business licenses and permits as a financial guarantee of our performance.\nAt several of our landfills, we satisfy financial assurance requirements by depositing cash into restricted trust funds or escrow accounts."}
{"_id": "d825b9830", "title": "", "text": "APACHE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) The Company recognizes over the requisite service period the fair value cost determined at the grant date based on numerous assumptions, including an estimate of the likelihood that Apache’s stock price will achieve these thresholds and the expected forfeiture rate.\nIf a price target is not met before the end of the stated achievement period, any unamortized expense must be immediately recognized.\nSince the $162 interim price target of the 2008 Share Appreciation Program was not met prior to the stated achievement period, on December 31, 2010, Apache recognized $27 million of unamortized expense and $14 million of unamortized capital costs.\nThe Company will recognize total expense and capitalized costs for the 2008 Share Appreciation Program of approximately $188 million through 2014.\nAs of March 2011, the Company had recognized $79 million of total expense and capitalized costs for the 2005 Share Appreciation Program and had no unamortized costs remaining.\nA summary of the amounts recognized as expense and capitalized costs for each plan are detailed in the table below:"}
{"_id": "d8ca47c08", "title": "", "text": "| $ in millions Less than 1 Year 1 - 5 Years Greater than 5 Years Total | As of December 2017 | Assets | Interest rates | Credit | Currencies | Commodities | Equities | Counterparty netting in tenors | Subtotal | Cross-tenor counterparty netting | Cash collateral netting | Total | Liabilities | Interest rates | Credit | Currencies | Commodities | Equities | Counterparty netting in tenors | Subtotal | Cross-tenor counterparty netting | Cash collateral netting | Total | As of December 2016 | Assets | Interest rates | Credit | Currencies | Commodities | Equities | Counterparty netting in tenors | Subtotal | Cross-tenor counterparty netting | Cash collateral netting | Total | Liabilities | Interest rates | Credit | Currencies | Commodities | Equities | Counterparty netting in tenors | Subtotal | Cross-tenor counterparty netting | Cash collateral netting | Total |"}
{"_id": "d8926f646", "title": "", "text": "Reinsurance Commissions, fees and other revenue decreased 2% in 2014 reflecting a 1% unfavorable impact from foreign currency exchange rates and 1% decline in organic revenue growth due primarily to a significant unfavorable market impact in treaty, partially offset by net new business growth in treaty placements globally and growth in capital markets transactions and advisory business, as well as facultative placements.\nOperating Income Operating income increased $108 million, or 7%, from 2013 to $1.6 billion in 2014.\nIn 2014, operating income margins in this segment were 21.0%, an increase of 120 basis points from 19.8% in 2013.\nOperating margin improvement was driven by solid organic revenue growth, return on investments, expense discipline and savings related to the restructuring programs, partially offset by a $61 million unfavorable impact from foreign currency exchange rates."}
{"_id": "d86b7c1a6", "title": "", "text": "| Oil (MMbls)a,b Gas (Bcf)a Total (MMBOE)a | Proved reserves: | Acquisitions of PXP and MMR | Extensions and discoveries | Revisions of previous estimates | Sale of reserves in-place | Production | Balance at December 31, 2013 | Proved developed reserves at December 31, 2013 | Proved undeveloped reserves at December 31, 2013 |"}
{"_id": "d8b20f8b6", "title": "", "text": "| Consolidated VIEs forWhich the Company is theInvestment Manager December 31, Other Consolidated VIEs December 31, | 2016-1 | (in millions) | Fixed maturities, available-for-sale | Fixed maturities, held-to-maturity | Trading account assets supporting insurance liabilities | Other trading account assets | Commercial mortgage and other loans | Other long-term investments | Cash and cash equivalents | Accrued investment income | Other assets | Total assets of consolidated VIEs | Notes issued by consolidated VIEs | Other liabilities | Total liabilities of consolidated VIEs |"}
{"_id": "d85f2a1fa", "title": "", "text": "| As of December | $ in millions | Deferred tax assets | Compensation and benefits | Unrealized losses | ASC 740 asset related to unrecognized tax benefits | Non-U.S. operations | Net operating losses | Occupancy-related | Other comprehensive income-related | Other, net | Subtotal | Valuation allowance | Total deferred tax assets | Depreciation andamortization | Unrealized gains | Other comprehensive income-related | Total deferred tax liabilities |"}
{"_id": "d8786d248", "title": "", "text": "| At December 31, | 2016 | Secured loans: | Real estate—commercial | Real estate—consumer | Vehicles, RV and marine | Receivables/Inventory | Machinery/Equipment | Securities/Deposits | Other | Total secured loans and leases | Unsecured loans and leases | Total loans and leases |"}
{"_id": "d87a5ce32", "title": "", "text": "Taxes on Income The effective income tax rates of 12.8% in 2011, 40.6% in 2010 and 14.8% in 2009 reflect the impacts of purchase accounting adjustments and restructuring costs, partially offset by the beneficial impact of foreign earnings.\nIn addition, the effective tax rate for 2011 also reflects a net favorable impact of approximately $700 million relating to the settlement of Merck’s 2002-2005 federal income tax audit, the favorable impact of certain foreign and state tax rate changes that resulted in a net $270 million reduction of deferred tax liabilities on intangibles established in purchase accounting, and the impact of the $500 million charge related to the resolution of the arbitration proceeding with J&J.\nThe 2010 effective tax rate reflects the impact of the Vioxx Liability Reserve for which no tax impact was recorded, a $147 million charge associated with a change in tax law that requires taxation of the prescription drug subsidy of the Company’s retiree health benefit plans which was enacted in the first quarter of 2010 as part of U. S.  health care reform legislation, and the impact of AstraZeneca’s asset option exercise.\nThese unfavorable impacts were partially offset by a $391 million tax benefit from changes in a foreign"}
{"_id": "d8d289f9c", "title": "", "text": "| December 31 | 2009 | (Dollars in millions) | Allowance for loan and lease losses | Residential mortgage | Home equity | Discontinued real estate | Credit card – domestic | Credit card – foreign | Direct/Indirect consumer | Other consumer | Total consumer | Commercial – domestic-2 | Commercial real estate | Commercial lease financing | Commercial – foreign | Total commercial-3 | Allowance for loan and lease losses | Reserve for unfunded lending commitments-4 | Allowance for credit losses-5 |"}
{"_id": "d884f25b8", "title": "", "text": "| Year Ended December 31, | Qualified Plan | (in millions) | Fair value of plan assets as of January 1 | Actual return (loss) on plan assets | Employer contributions | Settlements | Divestitures | Benefits and administrative expenses paid | Fair value of plan assets as of December 31 | Projected benefit obligation | Pension asset (obligation) | Accumulated benefit obligation |"}
{"_id": "d8bdc4d1e", "title": "", "text": "| Payment Period | Contractual Obligations | Debt-1 | Operating Leases | Purchase Obligations-2 | $11,320 |"}
{"_id": "d893fda26", "title": "", "text": "| Pension Benefits Other Postretirement Benefits | As of December 31 (in millions) | Net actuarial loss | Prior service credit | Total pre-tax amounts included in accumulated other comprehensive loss |"}
{"_id": "d82990c38", "title": "", "text": "| Continuing Operations | Operating Income | 2016 GAAP | 2015 GAAP | Change GAAP | % Change GAAP | 2016 GAAP | Business separation costs(C) | Tax costs associated with businessseparation(C) | Business restructuring and cost reduction actions | Pension settlement loss | Loss on extinguishment of debt(D) | 2016 Non-GAAP Measure | 2015 GAAP | Business separation costs(C) | Business restructuring and cost reduction actions | Pension settlement loss | Gain on previously held equity interest | Gain on land sales(E) | Loss on extinguishment of debt(D) | 2015 Non-GAAP Measure | Change Non-GAAP Measure | % Change Non-GAAP Measure | Continuing Operations | Operating Income | 2015 GAAP | 2014 GAAP | Change GAAP | % Change GAAP | 2015 GAAP | Business separation costs(C) | Business restructuring and cost reduction actions | Pension settlement loss | Gain on previously held equity interest | Gain on land sales(E) | Loss on extinguishment of debt(D) | 2015 Non-GAAP Measure | 2014 GAAP | Business restructuring and cost reduction actions | Pension settlement loss | Goodwill and intangible asset impairmentcharge(F) | Chilean tax rate change | Tax election benefit | 2014 Non-GAAP Measure | Change Non-GAAP Measure | % Change Non-GAAP Measure |"}
{"_id": "d863cfe9e", "title": "", "text": "MW Mamonal plant.\nApproximately $77 million of the purchase price was allocated to goodwill and is being amortized over 32 years.\nThe TermoCandelaria power plant has been included in discontinued operations in the accompanying consolidated financial statements.\nThe table below presents supplemental unaudited pro forma operating results as if all of the acquisitions had occurred at the beginning of the periods shown (in millions, except per share amounts).\nNo pro forma operating results are provided for 2001, because the impact would not have been material.\nThe pro forma amounts include certain adjustments, primarily for depreciation and amortization based on the allocated purchase price and additional interest expense:"}
{"_id": "d88cdb568", "title": "", "text": "| Year Ended | January 31, 2010 | Revenue: | Customer A | Customer B | Customer C |"}
{"_id": "d8e2642a0", "title": "", "text": "| 2015 2014 2013 | Balance as of January 1 | Amounts charged to expense | Amounts written off | Recoveries of amounts written off | Balance as of December 31 |"}
{"_id": "d89fc2f46", "title": "", "text": "(1) Includes $53 million of mortgage debt denominated in foreign currency at December 31, 2018.\n(2) Includes $57 million of debt that has recourse only to real estate property held for investment by subsidiaries at December 31, 2018.\n(3) Includes Prudential Financial debt of $1,115 million and $880 million at December 31, 2018 and 2017, respectively.\n(4) Excludes the current portion of long-term debt.\nAt December 31, 2018 and 2017, the Company was in compliance with all covenants related to the above debt.\nCommercial Paper Prudential Financial has a commercial paper program with an authorized capacity of $3.0 billion.\nPrudential Financial’s commercial paper borrowings have generally been used to fund the working capital needs of Prudential Financial’s subsidiaries and provide short-term liquidity at Prudential Financial.\nPrudential Funding, LLC (“Prudential Funding”), a wholly-owned subsidiary of Prudential Insurance, has a commercial paper program, with an authorized capacity of $7.0 billion.\nPrudential Funding commercial paper borrowings generally have served as an additional source of financing to meet the working capital needs of Prudential Insurance and its subsidiaries.\nPrudential Funding also lends to other subsidiaries of Prudential Financial up to limits agreed with the NJDOBI.\nPrudential Funding maintains a support agreement with Prudential Insurance whereby Prudential Insurance has agreed to maintain Prudential Funding’s tangible net worth at a positive level.\nAdditionally, Prudential Financial has issued a subordinated guarantee covering Prudential Funding’s $7.0 billion commercial paper program.\nIn order to reduce earnings volatility from foreign currency exchange rate movements, we enter into forward currency derivative contracts to effectively fix the currency exchange rates for a portion of our prospective non-USD-denominated earnings streams.\nThis forward currency hedging program is primarily associated with our insurance operations in Japan and Korea.\nIn order to reduce equity volatility from foreign currency exchange rate movements, we primarily utilize a yen hedging strategy that calibrates the hedge level to preserve the relative contribution of our yen-based business to the Company’s overall return on equity on a leverage neutral basis.\nWe implement this hedging strategy utilizing a variety of instruments, including USD-denominated assets, foreign currency derivative contracts, and dual currency and synthetic dual currency investments held locally in our Japanese insurance subsidiaries.\nThe total hedge level may vary based on our periodic assessment of the relative contribution of our yen-based business to the Company’s overall return on equity.\nThe table below presents the aggregate amount of instruments that serve to hedge the impact of foreign currency exchange movements on our USD-equivalent shareholder return on equity from our Japanese insurance subsidiaries as of the dates indicated."}
{"_id": "d8d45d198", "title": "", "text": "| December 31, 2008 Outstandings Year Ended December 31, 2008  SOP 03-3 Net Charge-offs-1 | (Dollars in millions) | California | Florida | Virginia | Maryland | Texas | Other U.S. / Foreign | Total SOP 03-3 residential mortgage loans | December 31, 2008 Outstandings | (Dollars in millions) | California | Florida | Arizona | Virginia | Colorado | Other U.S. / Foreign | Total SOP 03-3 home equity loans |"}
{"_id": "d897d093c", "title": "", "text": "| For the fiscal years ended June 30, | 2019 | (in millions, except %) | Foxtel(a) | Other equity affiliates, net(b) | Total Equity losses of affiliates |"}
{"_id": "d8770a78e", "title": "", "text": "| December 31, | 2015 | Deferred tax assets: | Postretirement benefits other than pensions | Rent expense | Alternative minimum tax credit carryforwards | Operating loss carryforwards | Pensions | Loyalty program obligation | Gains from lease transactions | Reorganization items | Other | Total deferred tax assets | Valuation allowance | Net deferred tax assets | Deferred tax liabilities: | Accelerated depreciation and amortization | Other | Total deferred tax liabilities | Net deferred tax asset (liability) |"}
{"_id": "d88678450", "title": "", "text": "| 12/29/2007 1/3/2009 1/2/2010 1/1/2011 12/31/2011 12/29/2012 | Cadence Design Systems, Inc. | NASDAQ Composite | S&P 400 Information Technology | Sale Prices | High | 2016 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | 2017 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Declaration Date | February 19, 2015 | May 28, 2015 | August 27, 2015 | October 29, 2015 | February 17, 2016 | May 25, 2016 | July 27, 2016 | October 31, 2016 | February 15, 2017 | May 24, 2017 | July 27, 2017 | October 24, 2017 |"}
{"_id": "d8b36a008", "title": "", "text": "| 2014 2015 2016 2017 2018 2019 | JKHY | 2019 Peer Group | 2018 Peer Group | S&P 500 |"}
{"_id": "d87a4d1d0", "title": "", "text": "Provision for Income Taxes (in millions, except percentages):"}
{"_id": "d8888e0be", "title": "", "text": "| Actuarial Assumption Change in Assumption Impact on 2018 Qualified Pension Cost Increase/(Decrease) Impact on 2017 Qualified Projected Benefit Obligation | Discount rate | Rate of return on plan assets | Rate of increase in compensation |"}
{"_id": "d85fa1fac", "title": "", "text": "| Contractual amount Carrying value(h) | 2012 | By remaining maturity at December 31,(in millions) | Lending-related | Consumer, excluding credit card: | Home equity – senior lien | Home equity – junior lien | Prime mortgage | Subprime mortgage | Auto | Business banking | Student and other | Total consumer, excluding credit card | Credit card | Total consumer | Wholesale: | Other unfunded commitments to extend credit(a)(b) | Standby letters of credit and other financial guarantees(a)(b)(c)(d) | Unused advised lines of credit | Other letters of credit(a)(d) | Total wholesale | Total lending-related | Other guarantees and commitments | Securities lending indemnification agreements and guarantees(e) | Derivatives qualifying as guarantees | Unsettled reverse repurchase and securities borrowing agreements(f) | Loan sale and securitization-related indemnifications: | Mortgage repurchase liability | Loans sold with recourse | Other guarantees and commitments(g) |"}
{"_id": "d82604344", "title": "", "text": "Our liquidity is also affected by restricted cash balances that are pledged as collateral or restricted to use for vendor payables, general liability insurance, workers compensation insurance and customer warranty and insurance programs.\nRestricted cash and cash equivalents, which are included in other current assets, were $488 million and $482 million at February 26, 2011, and February 27, 2010, respectively.\nCapital Expenditures A component of our long-term strategy is our capital expenditure program.\nThis program includes, among other things, investments in new stores, store remodeling, store relocations and expansions, new distribution facilities and information technology enhancements.\nDuring fiscal 2011, we invested $744 million in property and equipment, including opening 147 new stores, expanding and remodeling certain stores, and upgrading our information technology systems and capabilities.\nThe 21.0% increase in our capital expenditures compared to the prior fiscal year was due primarily to increased spending on information technology and additional store-related projects.\nThe following table presents our capital expenditures for each of the past three fiscal years ($ in millions):"}
{"_id": "d8ebde524", "title": "", "text": "| December 31, | (in thousands) | Class A common stock authorized | Class A common stock issued and outstanding | Class B-1 common stock authorized, issued and outstanding | Class B-2 common stock authorized, issued and outstanding | Class B-3 common stock authorized, issued and outstanding | Class B-4 common stock authorized, issued and outstanding |"}
{"_id": "d8d319282", "title": "", "text": "| Significant Unobservable Input Unobservable Inputs (Minimum) Unobservable Inputs (Maximum) Impact of Increase in Inputon Fair Value Measurement [1] | Withdrawal Utilization [2] | Withdrawal Rates [3] | Lapse Rates [4] | Reset Elections [5] | Equity Volatility [6] |"}
{"_id": "d88a1c23c", "title": "", "text": "| Americas Europe, Middle East and Africa Asia-Pacific | Argentina | Brazil | Canada | Chile | Colombia | Costa Rica | Ecuador | Guatemala | Mexico | Peru | Uruguay | Venezuela | Luxembourg |"}
{"_id": "d87db6da8", "title": "", "text": "| For the years ended December 31, 2011 2010 2009 | In thousands of dollars | Net income | Depreciation and amortization | Stock-based compensation and excess tax benefits | Deferred income taxes | Gain on sale of trademark licensing rights, net of tax | Business realignment and impairment charges, net of tax | Contributions to pension plans | Working capital | Changes in other assets and liabilities | Net cash provided from operating activities |"}
{"_id": "d89eaf4ce", "title": "", "text": "| December 31 | (Dollars in millions) | Consumer | Residential mortgage | Home equity | Discontinued real estate | Direct/Indirect consumer | Other consumer | Total consumer-2 | Commercial | U.S. commercial-3 | Commercial real estate | Commercial lease financing | Non-U.S.commercial | 9,632 | U.S. small business commercial | Total commercial-4 | Total nonperforming loans and leases | Foreclosed properties | Total nonperforming loans, leases and foreclosed properties-5 |"}
{"_id": "d8a2d0a08", "title": "", "text": "| in thousands 2011 2010 2009 | Discontinued Operations | Pretax earnings (loss) from results | Gain on disposal, net of transaction bonus | Income tax (provision) benefit | Earnings on discontinued operations, net of income taxes |"}
{"_id": "d8d09a39e", "title": "", "text": "Dividends.\nDuring 2007, 2006 and 2005, we declared and paid shareholder dividends of $121.4 million, $39.0 million and $25.4 million, respectively.\nAs an insurance holding company, we are partially dependent on dividends and other permitted payments from our subsidiaries to pay cash dividends to our shareholders.\nThe payment of dividends to Group by Holdings and to Holdings by Everest Re is subject to Delaware regulatory restrictions and the payment of dividends to Group by Bermuda Re is subject to Bermuda insurance regulatory restrictions.\nManagement expects that, absent extraordinary catastrophe losses, such restrictions should not affect Everest Res ability to declare and pay dividends sufficient to support Holdings general corporate needs and that Holdings and Bermuda Re will have the ability to declare and pay dividends sufficient to support Groups general corporate needs.\nFor the years ended December 31, 2007, 2006 and 2005, Everest Re paid dividends to Holdings of $245.0 million, $100.0 million and $75.0 million, respectively.\nFor the years ended December 31, 2007, 2006 and 2005, Bermuda Re paid dividends to Group of $0.0 million, $60.0 million and $45.0 million, respectively.\nSee ITEM 1, Business  Regulatory Matters  Dividends and Note 16 of Notes to Consolidated Financial Statements."}
{"_id": "d8ab68e90", "title": "", "text": "from those currently anticipated and expressed in such forward-looking statements as a result of a number of factors, including those we discuss under \n“Risk Factors” and elsewhere in this Form 10-K.  You should read \n“Risk Factors” and \n“Forward-Looking Statements.\n” Executive Overview General American Water Works Company, Inc.  (herein referred to as “American Water” or the “Company”) is the largest investor-owned United States water and wastewater utility company, as measured both by operating revenues and population served.\nOur approximately 6,400 employees provide drinking water, wastewater and other water related services to an estimated 15 million people in 47 states and in one Canadian province.\nOur primary business involves the ownership of water and wastewater utilities that provide water and wastewater services to residential, commercial, industrial and other customers.\nOur Regulated Businesses that provide these services are generally subject to economic regulation by state regulatory agencies in the states in which they operate.\nThe federal government and the states also regulate environmental, health and safety and water quality matters.\nOur Regulated Businesses provide services in 16 states and serve approximately 3.2 million customers based on the number of active service connections to our water and wastewater networks.\nWe report the results of these businesses in our Regulated Businesses segment.\nWe also provide services that are not subject to economic regulation by state regulatory agencies.\nWe report the results of these businesses in our Market-Based Operations segment.\nIn 2014, we continued the execution of our strategic goals.\nOur commitment to growth through investment in our regulated infrastructure and expansion of our regulated customer base and our Market-Based Operations, combined with operational excellence led to continued improvement in regulated operating efficiency, improved performance of our Market-Based Operations, and enabled us to provide increased value to our customers and investors.\nDuring the year, we focused on growth, addressed regulatory lag, made more efficient use of capital and improved our regulated operation and maintenance (“O&M”) efficiency ratio.2014 Financial Results For the year ended December 31, 2014, we continued to increase net income, while making significant capital investment in our infrastructure and implementing operational efficiency improvements to keep customer rates affordable.\nHighlights of our 2014 operating results compared to 2013 and 2012 include:"}
{"_id": "d8bf0d6f8", "title": "", "text": "| 2018 $27,000 | 2019 | 2020 | 2021 | 2022 | 2023 and thereafter | Total scheduled maturities of long term debt | Current maturities of long term debt |"}
{"_id": "d83c8ac3a", "title": "", "text": "website at www.\nhrblock.\ncom and www.\ntaxcut.\ncom.\nThese websites allow clients to prepare their federal and state income tax returms using the TaxCut Online Tax Program, access tax tips, advice and tax-related news and use calculators for tax planning.\nBeginning with the fiscal year 2003 tax season, we participated in the Free File Alliance (FFA).\nThis aliance was created by the tax returm preparation industry and the IRS, and allows qualified filers to prepare and file their federal returm online at no charge.\nWe feel that this program provides a valuable public service and increases our visibility with new clients, while also providing an opportunity to offer our state return preparation services to these new clients at our regular prices.\nCASHBACK PROGRAM - We offer a refund discount (CashBack) program to our customers in Canada.\nCanadian law specifies the procedures we must follow in conducting the program.\nIn accordance with current Canadian regulations, if a customer's tax return indicates the customer is entitled to a tax refund, we issue a check to the client.\nThe client assigns to us the full amount of the tax refund to be issued by the Canada Revenue Agency (CRA) and the refund check is then sent by the CRA directly to us.\nIn accordance with the law, the discount is deemed to include both the tax return preparation fee and the fee for tax refund discounting.\nThis program is financed by short-term borrowings.\nThe number of returns discounted under the CashBack program in fiscal year 2006 was approximately 653,000, compared to 581,000 in 2005 and 552,000 in 2004.\nSee discussion of the Canadian tax season extension under“Seasonality of Business. \nCUENTS SERVED - We, together with our franchisees, served approximately 21 .9 million clients worldwide during fiscal year 2006, compared to 21.4 million in 2005 and 21.6 million in 2004.\nSee discussion of the Canadian tax season extension under“Seasonality of Business. '\nWe served 19.5 million clients in the U. S.  during fiscal year 2006, compared to 19.1 million in 2005 and 19.3 million in 2004.\n“Clients served\" includes taxpayers for whom we prepared income tax returns in offices, federal software units sold, online completed and paid federal retums, paid state returms when no federal return was purchased, and taxpayers for whom we provided only paid electronic fling services.\nOur U. S.  clients served constituted 15.7% of an IRS estimate of total individual income tax returms filed as of April 30, 2006, compared to 15.0% in 2005 and 15.7% in 2004."}
{"_id": "d8e1b1e66", "title": "", "text": "| Amount Ratios | December 31 Dollars in millions | Risk-based capital | Tier 1 | PNC | PNC Bank, N.A. | National City Bank (a) | Total | PNC | PNC Bank, N.A. | National City Bank (a) | Leverage | PNC | PNC Bank, N.A. | National City Bank (a) |"}
{"_id": "d8dcc9fe8", "title": "", "text": "| 3/31/2006 3/31/2007 3/31/2008 3/31/2009 3/31/2010 3/31/2011 | ABIOMED, Inc | Nasdaq Composite Index | Nasdaq Medical Equipment SIC Code 3840-3849 | (in 000s, except per share amounts) | April 30, | Revenues | Net income from continuing operations | Net income (loss) | Basic earnings (loss) per share: | Net income from continuing operations | Net income (loss) | Diluted earnings (loss) per share: | Net income from continuing operations | Net income (loss) | Total assets | Long-term debt | Dividends per share-1 |"}
{"_id": "d8c37ccb6", "title": "", "text": "| Class A Class B | (Shares in thousands) | Balance at June 30, 2005 | Acquisition of treasury stock | Conversion of Class B to Class A | Stock-based compensation | Balance at June 30, 2006 | Acquisition of treasury stock | Conversion of Class B to Class A | Stock-based compensation | Balance at June 30, 2007 | Acquisition of treasury stock | Conversion of Class B to Class A | Stock-based compensation | Balance at June 30, 2008 |"}
{"_id": "d8c5949cc", "title": "", "text": "| Outstandings-1December 31 Purchased Impaired Portfolio Net Charge-offs-1, 2Year Ended December 31 | (Dollars in millions) | California | Florida | Virginia | Maryland | Texas | Other U.S./Foreign | Total Countrywide purchased impaired residential mortgage loan portfolio |"}
{"_id": "d896b9d46", "title": "", "text": "Other Income (Expense) Other income (expense) consists principally of investment income and interest expense.\nInvestment income is derived from the Companys cash, cash equivalents, restricted deposits and investments.\nFor the year ended December 31, 2002, investment income included a $5,100 one-time dividend from a captive insurance company in which the Company maintained an investment.\nIncome Taxes Deferred tax assets and liabilities are recorded for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases.\nDeferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled.\nThe effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date of the tax rate change.\nStock-Based Compensation The Company accounts for stock-based compensation plans in accordance with the intrinsic value based method of Accounting Principles Board Opinion No.25 as permitted by SFAS No.123 and SFAS No.148.\nCompensation cost related to stock options issued to employees is calculated on the date of grant only if the current market price of the underlying stock exceeds the exercise price.\nCompensation expense is then recognized on a straight-line basis over the vesting period, generally five years.\nThe Company recognized $188, $270 and $6 during the years ended December 31, 2003, 2002 and 2001, respectively, for stock-based compensation expense.\nHad compensation cost for the plans been determined based on the fair value method at the grant dates as specified in SFAS No.123, the Companys net earnings would have been reduced to the following pro forma amounts:"}
{"_id": "d8a6a3f04", "title": "", "text": "Inventories, net: Merchandise Inventory The Company used the LIFO method of accounting for approximately 95% of inventories at December 31, 2011 and January 1, 2011.\nUnder LIFO, the Company’s cost of sales reflects the costs of the most recently purchased inventories, while the inventory carrying balance represents the costs for inventories purchased in Fiscal 2011 and prior years.\nAs a result of utilizing LIFO, the Company recorded an increase to cost of sales of $24,708 for Fiscal 2011 due to an increase in supply chain costs and inflationary pressures affecting certain product categories.\nThe Company recorded a reduction to cost of sales of $29,554 and $16,040 for Fiscal 2010 and 2009, respectively.\nPrior to Fiscal 2011, the Company’s overall costs to acquire inventory for the same or similar products generally decreased historically as the Company has been able to leverage its continued growth, execution of merchandise strategies and realization of supply chain efficiencies.\nProduct Cores The remaining inventories are comprised of product cores, the non-consumable portion of certain parts and batteries, which are valued under the first-in, first-out (\"FIFO\") method.\nProduct cores are included as part of the Company's merchandise costs and are either passed on to the customer or returned to the vendor.\nBecause product cores are not subject to frequent cost changes like the Company's other merchandise inventory, there is no material difference when applying either the LIFO or FIFO valuation method.\nInventory Overhead Costs Purchasing and warehousing costs included in inventory, at FIFO, at December 31, 2011 and January 1, 2011, were $126,840 and $103,989, respectively.\nInventory Balance and Inventory Reserves Inventory balances at year-end for Fiscal 2011 and 2010 were as follows:"}
{"_id": "d85fa207e", "title": "", "text": "| Year ended December 31,(in millions, except ratios) 2012 2011 2010 | Revenue | Card income | All other income | Noninterest revenue | Net interest income | Total net revenue | Provision for credit losses | Noninterest expense | Income before income tax expense | Net income | Overhead ratio |"}
{"_id": "d86052104", "title": "", "text": "| Company/Index 12/31/2012 12/31/2013 12/31/2014 12/31/2015 12/31/2016 12/31/2017 | McDonald's Corporation | S&P 500 Index | Dow Jones Industrials |"}
{"_id": "d8af9daa6", "title": "", "text": "| 2017 2016 | DecommissioningTrust Fair Values | (In Millions) | Utility: | ANO 1 and ANO 2 | River Bend | Waterford 3 | Grand Gulf | Entergy Wholesale Commodities |"}
{"_id": "d8bd67402", "title": "", "text": "Lockheed Martin Corporation of the investment has declined below our carrying value, and that decline is viewed to be other than temporary.\nFor publicly traded companies, the fair value of the equity securities is determined by multiplying the number of shares we own by the stock price, as well as by computing estimates of the fair values based on a variety of valuation methods (e. g. , discounted cash flow analyses, sum-of-the-parts valuations and trading multiples).\nFor those companies that are not publicly traded, we prepare discounted cash flow analyses to compute an estimate of the fair value of the investment.\nSince we generally do not have access to internal projections of those companies, we prepare projections based on information that is publicly available.\nWe use judgment in computing the fair value based on our evaluation of the investee and establishing an appropriate discount rate and terminal value to apply in the calculations.\nIn selecting these and other assumptions, we consider the investees ability to execute their business plan successfully, including their ability to obtain required funding, general market conditions, and industry considerations specific to their business.\nIt is likely that we could compute a materially different fair value for an investment if different assumptions were used or if circumstances were to change.\nMany of our investments are concentrated in the satellite services and telecommunications industries, including Intelsat, Ltd.  (Intelsat), Inmarsat Ventures plc (Inmarsat) and New Skies Satellites, N. V.  (New Skies).\nThese industries continue to be affected by the capital markets, excess satellite capacity and competition from other kinds of telecommunications services, including fiber optic cable and other wireless communication technologies.\nThis has been evidenced by recent bankruptcy filings by some telecommunications companies.\nIntelsat, Inmarsat and New Skies are also subject to regulation by the Federal Communications Commission (FCC).\nFCC decisions and policies have had, and may continue to have, a significant impact on these companies.\nIn 2000, Congress passed the OpenMarket Reorganization for the Betterment of International Telecommunications Act (the ORBIT Act) that, among other things, established deadlines for Intelsat and Inmarsat to complete their initial public offerings.\nUnder the ORBIT Act, Intelsat and Inmarsat were required to complete their initial public offerings by December 31, 2002.\nHowever, Inmarsat has received an extension from the FCC until June 30, 2003.\nIn October 2002, legislation was enacted which extends the deadline for Intelsat to complete its initial public offering to December 31, 2003, or June 30, 2004 if approved by the FCC.\nUnless there are changes in the current trends and market conditions in the telecommunications industry, as well as in the capital markets, Intelsat and Inmarsat may have difficulty in completing their initial public offerings by the ORBIT Act deadlines.\nIf those deadlines are not met or extended by further amendments to the legislation, the FCC may limit access by U. S.  users to the satellite capacity of the privatized entities for some services.\nIf this were to occur, the value of our investments could be adversely affected.\nIn the fourth quarter 2002, as part of the ongoing evaluation of our ability to recover our investments, we calculated an estimate of the current fair values of our investments in Intelsat and Inmarsat.\nFor our investment in New Skies, we calculated the current fair value based on the publicly traded stock price and, for analysis purposes, also calculated an estimate of the fair value using discounted cash flow analyses.\nIn each case, the fair value of our investment was less than our carrying amount.\nWe then made an assessment as to whether the decline in the value of these investments was other than temporary.\nWe reviewed investment analyst reports to the extent they were available.\nWe also assessed future business prospects for the companies and reviewed information regarding market and industry trends for their businesses.\nBased on our evaluation, including the factors discussed above, we determined that the decline in values of these investments was other than temporary, and recorded impairment charges related to these investments in the fourth quarter of 2002.\nThe impact of the unusual charges on operating profit (earnings from continuing operations before interest and taxes), net earnings and diluted earnings per share was as follows:"}
{"_id": "d8b1d2704", "title": "", "text": "Notes to consolidated financial statements Credit and funding adjustments When determining the fair value of an instrument, it may be necessary to record adjustments to the Firms estimates of fair value in order to reflect counterparty credit quality, the Firms own creditworthiness, and the impact of funding: ?\nCredit valuation adjustments (CVA) are taken to reflect the credit quality of a counterparty in the valuation of derivatives.\nCVA are necessary when the market price (or parameter) is not indicative of the credit quality of the counterparty.\nAs few classes of derivative contracts are listed on an exchange, derivative positions are predominantly valued using models that use as their basis observable market parameters.\nAn adjustment therefore may be necessary to reflect the credit quality of each derivative counterparty to arrive at fair value.\nThe Firm estimates derivatives CVA using a scenario analysis to estimate the expected credit exposure across all of the Firms positions with each counterparty, and then estimates losses as a result of a counterparty credit event.\nThe key inputs to this methodology are (i) the expected positive exposure to each counterparty based on a simulation that assumes the current population of existing derivatives with each counterparty remains unchanged and considers contractual factors designed to mitigate the Firms credit exposure, such as collateral and legal rights of offset; (ii) the probability of a default event occurring for each counterparty, as derived from observed or estimated CDS spreads; and (iii) estimated recovery rates implied by CDS, adjusted to consider the differences in recovery rates as a derivative creditor relative to those reflected in CDS spreads, which generally reflect senior unsecured creditor risk.\nAs such, the Firm estimates derivatives CVA relative to the relevant benchmark interest rate.  ?\nDVA is taken to reflect the credit quality of the Firm in the valuation of liabilities measured at fair value.\nThe DVA calculation methodology is generally consistent with the CVA methodology described above and incorporates JPMorgan Chases credit spread as observed through the CDS market to estimate the probability of default and loss given default as a result of a systemic event affecting the Firm.\nStructured notes DVA is estimated using the current fair value of the structured note as the exposure amount, and is otherwise consistent with the derivative DVA methodology.  ?\nThe Firm incorporates the impact of funding in its valuation estimates where there is evidence that a market participant in the principal market would incorporate it in a transfer of the instrument.\nAs a result, the fair value of collateralized derivatives is estimated by discounting expected future cash flows at the relevant overnight indexed swap (OIS) rate given the underlying collateral agreement with the counterparty.\nEffective in 2013, the Firm implemented a FVA framework to incorporate the impact of funding into its valuation estimates for uncollateralized (including partially collateralized) over the-counter (OTC) derivatives and structured notes.\nThe Firms FVA framework leverages its existing CVA and DVA calculation methodologies, and considers the fact that the Firms own credit risk is a significant component of funding costs.\nThe key inputs are: (i) the expected funding requirements arising from the Firms positions with each counterparty and collateral arrangements; (ii) for assets, the estimated market funding cost in the principal market; and (iii) for liabilities, the hypothetical market funding cost for a transfer to a market participant with a similar credit standing as the Firm.\nUpon the implementation of the FVA framework in 2013, the Firm recorded a one time $1.5 billion loss in principal transactions revenue that was recorded in the CIB.\nWhile the FVA framework applies to both assets and liabilities, the loss on implementation largely related to uncollateralized derivative receivables given that the impact of the Firms own credit risk, which is a significant component of funding costs, was already incorporated in the valuation of liabilities through the application of DVA."}
{"_id": "d8d65f46e", "title": "", "text": "| Year Ended December 31 | 2017 | (Dollars in millions) | Allowance for loan losses (GAAP) | Less: Direct energy portion | Adjusted allowance for loan losses (non-GAAP) | Total non-accrual loans, excluding loans held for sale (GAAP) | Less: Direct energy non-accrual loans | Adjusted total non-accrual loans, excluding loans held for sale (non-GAAP) | Allowance for loan losses to non-performing loans, excluding loans held for sale (GAAP) | Adjusted allowance for loan losses to non-performing loans, excluding loans held for sale (non-GAAP) |"}
{"_id": "d8d624b5c", "title": "", "text": "| As of December 31, | 2009 | (in millions) | Balance Sheet Data: | Total investments excluding policy loans | Separate account assets | Total assets | Future policy benefits and policyholders’ account balances | Separate account liabilities | Short-term debt | Long-term debt | Total liabilities | Prudential Financial, Inc. equity-2 | Noncontrolling interests | Total equity-2 |"}
{"_id": "d8875ff3a", "title": "", "text": "In connection with its pricing practices, the Company is the subject of an antitrust investigation by the Canadian Competition Bureau.\nIn addition, the U. S.  Department of Justice notified the Company that it opened an inquiry but has not requested any information or documents.\nThe European Commission had requested information, but subsequently informed the Company that it had closed its file.\nWe also are party to approximately 90 related civil antitrust suits in the United States and 14 in Canada.\nCertain of these claims contain class action allegations, instituted on behalf of direct purchasers of our products as well as indirect purchasers that purchase our products for use or for resale.\nThese suits allege conspiracies in restraint of trade in connection with the pricing practices of the Company.\nSeveral other chocolate and confectionery companies are the subject of investigations and/or inquiries by the government entities referenced above and have also been named as defendants in the same litigation.\nOne Canadian wholesaler is also a subject of the Canadian investigation.\nWhile it is not feasible to predict the final outcome of these proceedings, in our opinion they should not have a material adverse effect on the financial position, liquidity or results of operations of the Company.\nThe Company is cooperating with the government investigations and inquiries and intends to defend the lawsuits vigorously.\nWe have no other material pending legal proceedings, other than ordinary routine litigation incidental to our business."}
{"_id": "d8755905c", "title": "", "text": "| Global Networks International Subscribers  (millions) Regional Networks International Subscribers  (millions) | Discovery Channel | Animal Planet | TLC, Real Time and Travel & Living | Discovery Science | Discovery Home & Health | Turbo | Discovery World | Investigation Discovery | HD Services |"}
{"_id": "d884fecaa", "title": "", "text": "MARATHON OIL CORPORATION Notes to Consolidated Financial Statements Preferred shares  In connection with the acquisition of Western discussed in Note 6, the Board of Directors authorized a class of voting preferred stock consisting of 6 million shares.\nUpon completion of the acquisition, we issued 5 million shares of this voting preferred stock to a trustee, who holds the shares for the benefit of the holders of the Exchangeable Shares discussed above.\nEach share of voting preferred stock is entitled to one vote on all matters submitted to the holders of Marathon common stock.\nEach holder of Exchangeable Shares may direct the trustee to vote the number of shares of voting preferred stock equal to the number of shares of Marathon common stock issuable upon the exchange of the Exchangeable Shares held by that holder.\nIn no event will the aggregate number of votes entitled to be cast by the trustee with respect to the outstanding shares of voting preferred stock exceed the number of votes entitled to be cast with respect to the outstanding Exchangeable Shares.\nExcept as otherwise provided in our restated certificate of incorporation or by applicable law, the common stock and the voting preferred stock will vote together as a single class in the election of directors of Marathon and on all other matters submitted to a vote of stockholders of Marathon generally.\nThe voting preferred stock will have no other voting rights except as required by law.\nOther than dividends payable solely in shares of voting preferred stock, no dividend or other distribution, will be paid or payable to the holder of the voting preferred stock.\nIn the event of any liquidation, dissolution or winding up of Marathon, the holder of shares of the voting preferred stock will not be entitled to receive any assets of Marathon available for distribution to its stockholders.\nThe voting preferred stock is not convertible into any other class or series of the capital stock of Marathon or into cash, property or other rights, and may not be redeemed.26."}
{"_id": "d8c7f3f4c", "title": "", "text": "| 2012 2011 2010 | Noncontrolling Interests | Balance at beginning of period | Acquired noncontrolling interests | Dividends attributable to noncontrolling interests | Net income attributable to noncontrolling interests | Balance at end of period |"}
{"_id": "d8d0e7cc0", "title": "", "text": "| OperatingRevenues(In millions) % of Total Number ofCustomers % of Total EstimatedPopulationServed(In millions) % of Total | New Jersey | Pennsylvania | Illinois(a) | Missouri | Indiana | California | West Virginia(b) | Subtotal (Top Seven States) | Other(c) | Total Regulated Businesses |"}
{"_id": "d8c8acba0", "title": "", "text": "credits from a one time distribution in fiscal year 2017.\nSignificant impacts of the Tax Cuts and Jobs Act include a reduction in the U. S.  federal income tax rate from 35% to 24.5%, partially offset with a tax on the deemed repatriation of undistributed foreign earnings, and a remeasurement of our net deferred tax assets.\nSeveral provisions of the Tax Cuts and Jobs Act are not effective for us until fiscal year 2019, including a further reduction in the U. S.  federal income tax rate to 21%, a deduction for foreign derived intangible income, repeal of the deduction for income attributable to domestic production activities, and a tax on global intangible low-taxed income.\nThe decrease in the effective tax rate from fiscal year 2016 to 2017 was primarily due to the impact of foreign income, and foreign tax credits from a one time distribution of prior year foreign earnings, partially offset with a benefit recorded in fiscal year 2016 from the retroactive extension of the United States Federal Credit for Increasing Research Activities.\nWe record a valuation allowance to reduce our deferred tax assets to the amount we believe is more-likely-than-not to be realized.\nIn making these determinations we consider historical and projected taxable income, and ongoing prudent and feasible tax planning strategies in assessing the appropriateness of a valuation allowance.\nThe net increase in the valuation allowance of $4.6 million for fiscal year 2018 and $3.6 million for fiscal year 2017 was primarily related to tax net operating losses incurred in certain foreign jurisdictions, and state tax credit carryforwards.\nOur net deferred tax assets as of September 30, 2018, 2017 and 2016 were $33.4 million, $53.2 million and $49.4 million, respectively.\nOur worldwide effective tax rate may fluctuate based on a number of factors, including variations in projected taxable income in the various geographic locations in which we operate, changes in the valuation of our net deferred tax assets, resolution of potential exposures, tax positions taken on tax returns filed in the various geographic locations in which we operate, and the introduction of new accounting standards or changes in tax laws or interpretations thereof in the various geographic locations in which we operate.\nWe have recorded liabilities to address potential tax exposures related to business and income tax positions we have taken that could be challenged by taxing authorities.\nThe ultimate resolution of these potential exposures may be greater or less than the liabilities recorded which could result in an adjustment to our future tax expense."}
{"_id": "d87e4ca56", "title": "", "text": "Entergy Corporation and Subsidiaries Notes to Financial Statements Entergy New Orleans Securitization Bonds - Hurricane Isaac In May 2015 the City Council issued a financing order authorizing the issuance of securitization bonds to recover Entergy New Orleanss Hurricane Isaac storm restoration costs of $31.8 million, including carrying costs, the costs of funding and replenishing the storm recovery reserve in the amount of $63.9 million, and approximately $3 million of up-front financing costs associated with the securitization.\nIn July 2015, Entergy New Orleans Storm Recovery Funding I, L. L. C. , a company wholly owned and consolidated by Entergy New Orleans, issued $98.7 million of storm cost recovery bonds.\nThe bonds have a coupon of 2.67% and an expected maturity date of June 2024.\nAlthough the principal amount is not due until the date given above, Entergy New Orleans Storm Recovery Funding expects to make principal payments on the bonds over the next five years in the amounts of $11.4 million for 2016, $10.6 million for 2017, $11 million for 2018, $11.2 million for 2019, and $11.6 million for 2020.\nWith the proceeds, Entergy New Orleans Storm Recovery Funding purchased from Entergy New Orleans the storm recovery property, which is the right to recover from customers through a storm recovery charge amounts sufficient to service the securitization bonds.\nThe storm recovery property is reflected as a regulatory asset on the consolidated Entergy New Orleans balance sheet.\nThe creditors of Entergy New Orleans do not have recourse to the assets or revenues of Entergy New Orleans Storm Recovery Funding, including the storm recovery property, and the creditors of Entergy New Orleans Storm Recovery Funding do not have recourse to the assets or revenues of Entergy New Orleans.\nEntergy New Orleans has no payment obligations to Entergy New Orleans Storm Recovery Funding except to remit storm recovery charge collections."}
{"_id": "d8616f532", "title": "", "text": "| 2010 Entergy Arkansas Entergy Gulf States Louisiana Entergy Louisiana Entergy Mississippi Entergy New Orleans Entergy Texas System Energy | (In Thousands) | Deferred tax liabilities: | Plant basis differences - net | Regulatory asset for income taxes - net | Power purchase agreements | Nuclear decommissioning trusts | Deferred fuel | Other | Total | Deferred tax assets: | Accumulated deferred investment | tax credits | Pension and OPEB | Nuclear decommissioning liabilities | Sale and leaseback | Provision for regulatory adjustments | Unbilled/deferred revenues | Customer deposits | Rate refund | Net operating loss carryforwards | Other | Total | Noncurrent accrued taxes (including | unrecognized tax benefits) | Accumulated deferred income | taxes and taxes accrued |"}
{"_id": "d8eed07e6", "title": "", "text": "(1) The number of restricted stock units vested includes shares withheld on behalf of employees to satisfy statutory tax withholding requirements.\nThe total vesting date fair value of stock award units that vested was approximately $60 million in 2012, $71 million in 2011 and $62 million in 2010.\nMarket-based DSU Awards During 2012, 2011 and 2010, we granted market-based DSU awards to certain members of our senior management team.\nThe attainment of these stock units is based on our total shareholder return (TSR) as compared to the TSR of the companies in the S&P 500 Health Care Index and is measured in three annual performance cycles.\nIn addition, award recipients must remain employed by us throughout the three-year measurement period to attain the full award.\nWe determined the fair value of the 2012 market-based awards to be approximately $8 million and the fair value of the 2011 market-based awards to be approximately $8 million, based on Monte Carlo simulations, utilizing the following assumptions:"}
{"_id": "d8b8a5b9e", "title": "", "text": "21.\nEmployee Benefit Plans Profit Sharing Retirement Savings Plans The Company sponsors three defined contribution benefit plans covering substantially all eligible employees in the U. S.  and Puerto Rico who are not covered by a collective bargaining agreement.\nThe plans include a savings plan feature under Section 401(k) of the Internal Revenue Code.\nThe Company makes discretionary contributions to the plans and contributes an amount equal to 50% of the first 6% of salary contributed by an employee.\nUnder the terms of the plans, a participant is 100% vested in Company matching and discretionary contributions after five years of credited service.\nContributions made by the Company under these plans approximated $8 million in Fiscal 2011 and $6 million in each of Fiscal 2010 and Fiscal 2009.  International Defined Benefit Plans The Company sponsors certain single-employer defined benefit plans and cash balance plans at international locations which are not considered to be material individually or in the aggregate.\nPension benefits under these plans are based on formulas that reflect the employees’ years of service and compensation levels during their employment period.\nThe aggregate funded status of the single-employer defined benefit plans were net liabilities of $1.7 million and $5.1 million as of April 2, 2011 and April 3, 2010, respectively, and were primarily recorded within other non-current liabilities in the Company’s consolidated balance sheets.\nThese single-employer defined benefit plans had aggregate projected benefit obligations of $33.6 million and aggregate fair values of plan assets of $31.9 million as of April 2, 2011, compared to projected benefit obligations of $25.4 million and aggregate fair values of plan assets of $22.5 million as of April 3, 2010.\nThe asset portfolio of the single-employer defined benefit plans primarily consists of debt securities, which have been measured at fair value largely using Level 2 inputs, as defined in Note 15.\nPension expense for these plans, recorded within SG&A expenses in the Company’s consolidated statements of operations, was $1.8 million in Fiscal 2011, $4.2 million in Fiscal 2010 and $4.0 million in Fiscal 2009.\nUnion Pension Plan The Company participates in a multi-employer pension plan and is required to make contributions to the UNITE HERE (which was previously known as the Union of Needletrades, Industrial and Textile Employees, prior to its merger with the Hotel Employees and Restaurant Employees International Union) (“Union”) for dues based on wages paid to union employees.\nA portion of these dues is allocated by the Union to a retirement fund which provides defined benefits to substantially all unionized workers.\nThe Company does not participate in the management of the plan and has not been furnished with information with respect to the type of benefits provided, vested and non-vested benefits or assets."}
{"_id": "d826cd4d8", "title": "", "text": "| Payments due by | Total | (In millions) | Debt (including capitalized lease obligation)(1) | Operating leases-2 | Data processing, outsourcing agreements and other purchase obligations-3 | Other long-term liabilities-4 (5) | Product liability related to cybersecurity incident-6 | Interest payments-7 | $3,840.0 |"}
{"_id": "d88127d66", "title": "", "text": "| (dollars in millions) 2012 2011 2010 | Net cash provided by operating activities | Additions to properties | Cash flow | year-over-year change |"}
{"_id": "d85e002ca", "title": "", "text": "The chart shows that for year ended December 31, 2012, the Firm posted market risk related gains on 220 of the 261 days in this period, with gains on eight days exceeding $200 million.\nThe chart includes year to date losses incurred in the synthetic credit portfolio.\nCIB and Credit Portfolio posted market risk-related gains on 254 days in the period.\nThe inset graph looks at those days on which the Firm experienced losses and depicts the amount by which VaR exceeded the actual loss on each of those days.\nOf the losses that were sustained on the 41 days of the 261 days in the trading period, the Firm sustained losses that exceeded the VaR measure on three of those days.\nThese losses in excess of the VaR all occurred in the second quarter of 2012 and were due to the adverse effect of market movements on risk positions in the synthetic credit portfolio held by CIO.\nDuring the year ended December 31, 2012, CIB and Credit Portfolio experienced seven loss days; none of the losses on those days exceeded their respective VaR measures."}
{"_id": "d8f0730d0", "title": "", "text": "| (in thousands) United  States Equatorial  Guinea North  Sea Other Int’l | December 31, 2004 | Revenues | Production costs -1 | Transportation | E&P corporate | Exploration expenses | DD&A and valuation provision | Impairment of operating assets | Accretion expense | Income | Income tax expense | Result of continuing operations from producing activities (excluding corporate overhead and interest costs) |"}
{"_id": "d8c6e9048", "title": "", "text": "| December 31, 2010 December 31, 2009 | Amortized Cost-1 | (in millions) | Less than three months | Three months or greater but less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Greater than twelve months-2 | Total |"}
{"_id": "d8cbe8b02", "title": "", "text": "(1) Gross unrecognized income tax liabilities, excluding interest and penalties, of $41.9 million are not included in the table due to uncertainty about the date of their settlement.\n(2) Contractual obligations means an agreement to purchase goods or services that is enforceable and legally binding and that specifies all significant terms, including: fixed or minimum quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the transaction.\nOn January 12, 2017, the Company entered into an indenture, by and between the Company and Wells Fargo Bank, National Association, as trustee, in connection with the issuance of $650 million aggregate principal amount of the Companys 3.650% Senior Notes due 2027.\nThe Notes will be subject to a special mandatory redemption in the event that the Merger is not consummated on or prior to October 23, 2017 or, if prior to October 23, 2017, the Merger Agreement is terminated other than in connection with the consummation of the Merger and is not otherwise amended or replaced.\nIn such an event, the Notes will be redeemed at a price equal to 101% of the aggregate principal amount thereof.\nIf the Merger Agreement is terminated under certain specified circumstances, CBOE Holdings may be required to pay Bats a termination fee of $110 million and/or reimburse Bats expenses up to $10 million under the Merger Agreement."}
{"_id": "d8f40b5c6", "title": "", "text": "Assets and Liabilities Measured at Fair Value on a Non-Recurring Basis Assets measured at fair value on a non-recurring basis include reporting units measured at fair value in a goodwill impairment test.\nEstimates of fair value for reporting units fall under Level 3 of the fair value hierarchy."}
{"_id": "d89efb9dc", "title": "", "text": "| Trading and Clearing Segment Three Months Ended December 31, Data and Listings Segment Three Months Ended December 31, Consolidated Three Months Ended December 31, | 2016 | Total revenues, less transaction-based expenses | Operating expenses | Less: NYSE and Interactive Data transaction and integration costs and acquisition related success fees | Less: Amortization of acquisition-related intangibles | Adjusted operating expenses | Operating income | Adjusted operating income | Operating margin | Adjusted operating margin | Net income attributable to Intercontinental Exchange, Inc. | Add: NYSE and Interactive Data transaction and integration costs and acquisition related success fees | Add: Amortization of acquisition-related intangibles | Add: Pre-acquisition interest expense on debt issued for Interactive Data acquisition | Less: Net gain on the sale of 6% remaining ownership in Euronext | Less: Other income from OCC equity investment | Less: Income tax effect related to the items above | Less: Deferred tax adjustments on acquisition-related intangibles | Add: Other tax adjustments | Adjusted net income attributable to ICE common shareholders from continuing operations | Basic earnings per share attributable to ICE common shareholders from continuing operations | Diluted earnings per share attributable to ICE common shareholders from continuing operations | Adjusted basic earnings per share attributable to ICE common shareholders from continuing operations | Adjusted diluted earnings per share attributable to ICE common shareholders from continuing operations | Basic weighted average common shares outstanding | Diluted weighted average common shares outstanding |"}
{"_id": "d8a133498", "title": "", "text": "| December 31 | 2016 | (Dollars in millions) | Allowance for loan and lease losses | Residential mortgage | Home equity | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer | U.S. commercial-1 | Commercial real estate | Commercial lease financing | Non-U.S. commercial | Total commercial-2 | Allowance for loan and lease losses-3 | Less: Allowance included in assets of business held for sale-4 | Total allowance for loan and lease losses | Reserve for unfunded lending commitments | Allowance for credit losses | 2009-1 | 2010 | 2011 | 2012 | 2013 | Thereafter | Total |"}
{"_id": "d885897b0", "title": "", "text": "| Amount Percent of TotalOutstandings | Dollars in millions | Commercial | Commercial real estate | Equipment lease financing | Home equity | Residential real estate | Non government insured | Government insured | Credit card | Other consumer | Non government insured | Government insured | Total | Amount | Dollars in millions | Commercial | Commercial real estate | Equipment lease financing | Home equity | Residential real estate | Non government insured | Government insured | Credit card | Other consumer | Non government insured | Government insured | Total |"}
{"_id": "d8f8389e6", "title": "", "text": "| U.S. Canada Total | Proved undeveloped reserves as of December 31, 2012 | Extensions and discoveries | Revisions due to prices | Revisions other than price | Conversion to proved developed reserves | Proved undeveloped reserves as of December 31, 2013 |"}
{"_id": "d8a751f5a", "title": "", "text": "| in thousands 2010 2009 | Long-term Debt | 5-yearfloating term loan issued 2010 | 10.125% 2015 notes issued 20091 | 10.375% 2018 notes issued 20092 | 3-yearfloating term loan issued 2008 | 6.30%5-yearnotes issued 20083 | 7.00%10-yearnotes issued 20084 | 3-yearfloating notes issued 2007 | 5.60%5-yearnotes issued 20075 | 6.40%10-yearnotes issued 20076 | 7.15%30-yearnotes issued 20077 | Private placement notes | Medium-term notes | Industrial revenue bonds | Other notes | Total debt excluding short-term borrowings | Less current maturities of long-term debt | Total long-term debt | Estimated fair value of long-term debt |"}
{"_id": "d8d20b9b2", "title": "", "text": "| 2019 2018 2017 | Balance at beginning of fiscal year | Additions related to purchase accounting-1 | Additions for tax positions taken in current year-2 | Additions for tax positions taken in prior fiscal years | Reductions for tax positions taken in prior fiscal years | Reductions due to settlement-3 | (Reductions) additions for currency translation adjustments | Reductions as a result of a lapse of the applicable statute oflimitations | Balance at end of fiscal year |"}
{"_id": "d87c542e4", "title": "", "text": "| (Dollars in millions) 2008 2009 2010 2011 2012 Thereafter Total | Bank of America Corporation | Bank of America, N.A. and other subsidiaries | NB Holdings Corporation | BAC North America Holding Company and subsidiaries | Other | Total |"}
{"_id": "d8ed02d24", "title": "", "text": "(3) Among our wholly-owned regional subsidiaries, the PSA mechanics and flight attendants have agreements that are now amendable and are engaged in traditional RLA negotiations.\nThe Envoy passenger service employees are engaged in traditional RLA negotiations for an initial CBA.\nThe Piedmont fleet and passenger service employees have reached a tentative five-year agreement which is subject to membership ratification.\nFor more discussion, see Part I, Item 1A."}
{"_id": "d8e599b00", "title": "", "text": "| Year Ended December 31, | 2012 | (In thousands, except per share data) | Statements of Operations Data: | Revenues: | Rental and management | Network development services | Total operating revenues | Operating expenses: | Cost of operations (exclusive of items shown separately below) | Rental and management-1 | Network development services-2 | Depreciation, amortization and accretion-3 | Selling, general, administrative and development expense-4 | Other operating expenses | Total operating expenses | Operating income | Interest income, TV Azteca, net | Interest income | Interest expense | Loss on retirement of long-term obligations | Other (expense) income | Income from continuing operations before income taxes and income on equity method investments | Income tax provision | Income on equity method investments | Income from continuing operations | Income from discontinued operations, net-5 | Net income | Net loss (income) attributable to noncontrolling interest | Net income attributable to American Tower Corporation | Basic income per common share from continuing operations attributable to American Tower Corporation-6 | Diluted income per common share from continuing operations attributable to American Tower Corporation-6 | Weight average common shares outstanding-6 | Basic | Diluted | Distribution declared per share | Other Operating Data: | Ratio of earnings to fixed charges-7 |"}
{"_id": "d8c182eba", "title": "", "text": "| Years Ended December 31, | 2009 | (in millions, except per share data) | Income Statement Data: | Net revenues | Expenses | Income (loss) from continuing operations attributable to Ameriprise Financial | Income from discontinued operations, net of tax | Net income (loss) attributable to Ameriprise Financial | Net income (loss) attributable to noncontrolling interests | Net income (loss) | Earnings (Loss) Per Share Attributable to Ameriprise Financial common shareholders: | Income (loss) from continuing operations attributable to Ameriprise Financial: | Basic | Diluted | Income from discontinued operations, net of tax: | Basic | Diluted | Net income (loss) attributable to Ameriprise Financial: | Basic | Diluted | Cash Dividends Paid Per Common Share | Shareholders | Cash Dividends Paid: | Shareholders | American Express Company |"}
{"_id": "d8bf79a56", "title": "", "text": "| Years Ended December 31, | (In millions) | Average U.S. short-duration advances | Average non-U.S. short-duration advances | Total average short-duration advances |"}
{"_id": "d8679374c", "title": "", "text": "(1) In the second quarter of 2010, Regions recorded a $200 million charge to account for a probable, reasonably estimable loss related to a pending settlement of regulatory matters.\nAt that time, Regions assumed that the entire charge would be non-deductible for income tax purposes.\n$75 million of the regulatory charge relates to continuing operations.\nThe regulatory settlement was finalized in the second quarter of 2011.\nAt the time of the settlement, Regions had better information related to the income tax implications.\n$125 million of the approximately $200 million settlement charge was deductible for federal income tax purposes.\nAccordingly, during the second quarter of 2011, Regions adjusted income tax expense to account for the impact of the deduction.\nThe adjustment reduced total income tax expense by approximately $44 million for the second quarter of 2011, of which approximately $17 million relates to continuing operations.\n(2) Return on assets from continuing operations does not include average assets related to discontinued operations of $713 million, $3,254 million, $3,235 million, $3,291 million and $3,492 million for December 31, 2012, 2011, 2010, 2009 and 2008, respectively.\n(3) In the fourth quarter of 2012, Regions entered into an agreement with a third party investor in Regions Asset Management Company, Inc. , pursuant to which the investment was fully redeemed.\nThis resulted in extinguishing a $203 million liability, including accrued, unpaid interest, as well as incurring early termination costs of approximately $42 million on a pre-tax basis ($38 million after tax).\n(4) Taxable income from the two previous tax years and one year of projected future taxable income may be applied in calculating deferred tax assets for regulatory capital purposes.\n(5) Under Basel III, regulatory capital must be reduced by purchased credit card relationship intangible assets.\nThese assets are partially allowed in Basel I capital.\n(6) Estimate based on June 2012 U. S.  Notices of Proposed Rulemaking.\n(7) Regions continues to develop systems and internal controls to precisely calculate risk-weighted assets as required by Basel III.\nThe amount included above is a reasonable approximation, based on our understanding of the requirements."}
{"_id": "d8b62723c", "title": "", "text": "| Available for Sale | In Millions | Under 1 year (current) | Equity securities | Total |"}
{"_id": "d8d27b294", "title": "", "text": "| Fiscal2014 Fiscal2013 Fiscal2012 % Change2014-2013 % Change2013-2012 | Americas | Percentage of total revenue | EMEA | Percentage of total revenue | APAC | Percentage of total revenue | Total revenue |"}
{"_id": "d8f025038", "title": "", "text": "| 2010 2008 | Conversions | 1.5% Series A debentures | 2.125% Series B debentures | $321 |"}
{"_id": "d8663bf0c", "title": "", "text": "As permitted by the new hedge accounting guidance, the Firm elected to transfer certain investment securities from HTM to AFS in the first quarter of 2018.\nFor additional information, refer to Notes 1 and 10.\nENTERPRISE-WIDE RISK MANAGEMENT Risk is an inherent part of JPMorgan Chases business activities.\nWhen the Firm extends a consumer or wholesale loan, advises customers on their investment decisions, makes markets in securities, or offers other products or services, the Firm takes on some degree of risk.\nThe Firms overall objective is to manage its businesses, and the associated risks, in a manner that balances serving the interests of its clients, customers and investors and protects the safety and soundness of the Firm.\nThe Firm believes that effective risk management requires: Acceptance of responsibility, including identification and escalation of risk issues, by all individuals within the Firm; Ownership of risk identification, assessment, data and management within each of the lines of business and Corporate; and Firmwide structures for risk governance.\nThe Firm strives for continual improvement through efforts to enhance controls, ongoing employee training and development, talent retention, and other measures.\nThe Firm follows a disciplined and balanced compensation framework with strong internal governance and independent Board oversight.\nThe impact of risk and control issues are carefully considered in the Firms performance evaluation and incentive compensation processes.\nFirmwide Risk Management is overseen and managed on an enterprise-wide basis.\nThe Firms risk management governance and oversight framework involves understanding drivers of risks, types of risks, and impacts of risks."}
{"_id": "d88aec7f2", "title": "", "text": "| (in millions) CFG Parent Company Banking Subsidiaries Consolidated | Year | 2017 or on demand | 2018 | 2019 | 2020 | 2021 | 2022 and thereafter | Total |"}
{"_id": "d8a223380", "title": "", "text": "| Year Ended December 31, Percentage Change in Revenue | 2017 | Parts & services revenue | Other revenue | Total revenue |"}
{"_id": "d8d575e90", "title": "", "text": "17.\nSEGMENT REPORTING The U. S.  Reinsurance operation writes property and casualty reinsurance and specialty lines of business, including Marine, Aviation, Surety and Accident and Health (A&H) business, on both a treaty and facultative basis, through reinsurance brokers, as well as directly with ceding companies primarily within the U. S.  The International operation writes non-U.\nS.  property and casualty reinsurance through Everest Res branches in Canada and Singapore and through offices in Brazil, Miami and New Jersey.\nThe Bermuda operation provides reinsurance and insurance to worldwide property and casualty markets through brokers and directly with ceding companies from its Bermuda office and reinsurance to the United Kingdom and European markets through its UK branch and Ireland Re.\nThe Insurance operation writes property and casualty insurance directly and through brokers, surplus lines brokers and general agents within the U. S.  and Canada.\nThese segments are managed independently, but conform with corporate guidelines with respect to pricing, risk management, control of aggregate catastrophe exposures, capital, investments and support operations.\nManagement generally monitors and evaluates the financial performance of these operating segments based upon their underwriting results.\nUnderwriting results include earned premium less losses and loss adjustment expenses (LAE) incurred, commission and brokerage expenses and other underwriting expenses.\nWe measure our underwriting results using ratios, in particular loss, commission and brokerage and other underwriting expense ratios, which, respectively, divide incurred losses, commissions and brokerage and other underwriting expenses by premiums earned.\nFor inter-affiliate reinsurance and business written through the Lloyds Syndicate, business is generally reported within the segment in which the business was first produced, consistent with how the business is managed.\nThe Company does not maintain separate balance sheet data for its operating segments.\nAccordingly, the Company does not review and evaluate the financial results of its operating segments based upon balance sheet data."}
{"_id": "d87b9bbea", "title": "", "text": "* Stock-based compensation expense (pretax) is included in G&A expenses.\nItem 7.\nManagements Discussion and Analysis of Financial Condition and Results of Operations Results of Operations  CNA Financial  (Continued) Standard Lines The following table summarizes the results of operations for Standard Lines:\n2008 Compared with 2007 Net written premiums for Standard Lines decreased $213 million in 2008 as compared with 2007.\nPremiums written in 2008 were unfavorably impacted by competitive market conditions resulting in decreased production, as compared with 2007, across both of CNAs Business and Commercial Insurance groups.\nThe competitive market conditions may put ongoing pressure on premium and income levels, and the expense ratio.\nThis unfavorable impact was partially offset by decreased ceded premiums.\nNet earned premiums decreased $314 million in 2008 as compared with 2007, consistent with the decreased net written premiums.\nStandard Lines averaged rate decreases of 5.0% for 2008, as compared to decreases of 4.0% for 2007 for the contracts that renewed during those periods.\nRetention rates of 82.0% and 78.0% were achieved for those contracts that were available for renewal in each period.\nNet results decreased $534 million in 2008 as compared with 2007.\nThis decrease was attributable to decreased net operating income and higher net realized investment losses.\nSee the Investments section of this MD&A for further discussion of the net realized investment results and net investment income.\nNet operating income decreased $336 million in 2008 as compared with 2007.\nThis decrease was primarily driven by significantly lower net investment income and higher catastrophe impacts.\nThe catastrophe impacts were $204 million after tax and minority interest in 2008, which included a $6 million after tax and minority interest catastrophe-related insurance assessment, as compared to catastrophe losses of $43 million after tax and minority interest in 2007.\nIn 2008, the amount due from policyholders related to losses under deductible policies within Standard Lines was reduced by $90 million for insolvent insureds.\nThe reduction of this amount, which is reflected as unfavorable net prior year reserve development, had no effect on 2008 results of operations as CNA had previously recognized provisions in prior years.\nThese impacts were reported in Insurance claims and policyholders benefits in the 2008 Consolidated Statement of Income.\nThe combined ratio increased 6.9 points in 2008 as compared with 2007.\nThe loss ratio increased 8.0 points primarily due to increased catastrophe losses.\nCatastrophes losses related to 2008 events had an adverse impact of 11.1 points on the loss ratio in 2008 compared with an adverse impact of 2.2 points in 2007.\nThe expense ratio decreased 0.9 points in 2008 as compared with 2007 primarily related to changes in the assessment rates imposed by certain states for insurance-related assessments.\nThe dividend ratio decreased 0.2 points in 2008 as compared with 2007 due to increased favorable dividend development in the workers compensation line of business."}
{"_id": "d86e1fc14", "title": "", "text": "| % Change | Dollar in Millions | Cost of products sold | Marketing, selling and administrative | Research and development | Other (income)/expense | Total Expenses |"}
{"_id": "d8c2afc02", "title": "", "text": "Backlog Backlog decreased in 2015 compared to 2014 primarily due to sales being recognized on several multi-year programs (such as HMSC, NISC III, CIOG and NSF ASC) related to prior year awards and a limited number of large new business awards.\nBacklog decreased in 2014 compared to 2013 primarily due to lower customer funding levels and declining activities on direct warfighter support programs impacted by defense budget reductions.\nTrends We expect IS&GS’ 2016 net sales to decline in the high-single digit percentage range as compared to 2015, primarily driven by key loss contracts in an increasingly competitive environment, along with volume contraction on the segment’s major contracts.\nOperating profit is expected to decline at a higher percentage range in 2016, as compared to net sales percentage declines, driven by higher margin program losses and re-compete programs awarded at lower margins.\nAccordingly, 2016 margins are expected to be lower than 2015 results.\nMissiles and Fire Control Our MFC business segment provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support and integration services; manned and unmanned ground vehicles; and energy management solutions.\nMFC’s major programs include PAC-3, THAAD, Multiple Launch Rocket System, Hellfire, JASSM, Javelin, Apache, Sniper?, Low Altitude Navigation and Targeting Infrared for Night (LANTIRN?)\nand SOF CLSS.\nMFC’s operating results included the following (in millions):"}
{"_id": "d8b49caca", "title": "", "text": "Investing Activities The decrease of $25.1 million in net cash used by investing activities in 2004 was primarily due to decreased spending on customer service projects, partially offset by increases in spending on transmission projects and fossil plant projects.\nThe increase of $56.0 million in net cash used by investing activities in 2003 was primarily due to increased spending on customer service, transmission, and nuclear projects.\nFinancing Activities The decrease of $404.4 million in net cash used by financing activities in 2004 was primarily due to: ?\nthe net issuance of $98.0 million of long-term debt in 2004 compared to the retirement of $261.0 million in 2003; ?\na principal payment of $14.8 million in 2004 for the Waterford Lease Obligation compared to a principal payment of $35.4 million in 2003; and ?\na decrease of $29.0 million in common stock dividends paid.\nThe decrease of $105.5 million in net cash used by financing activities in 2003 was primarily due to: ?\na decrease of $125.9 million in common stock dividends paid; and ?\nthe repurchase of $120 million of common stock from Entergy Corporation in 2002.\nThe decrease in net cash used in 2003 was partially offset by the following: ?\nthe retirement in 2003 of $150 million of 8.5% Series First Mortgage Bonds compared to the net retirement of $134.6 million of First Mortgage Bonds in 2002; and ?\nprincipal payments of $35.4 million in 2003 for the Waterford 3 Lease Obligation compared to principal payments of $15.9 million in 2002.\nSee Note 5 to the domestic utility companies and System Energy financial statements for details of long-term debt.\nUses of Capital Entergy Louisiana requires capital resources for: ?\nconstruction and other capital investments; ?\ndebt and preferred stock maturities; ?\nworking capital purposes, including the financing of fuel and purchased power costs; and ?\ndividend and interest payments."}
{"_id": "d820b0cb2", "title": "", "text": "For the years ended December?31, 2018, 2017 and 2016, the amounts recognized in Principal transactions in the Consolidated Statement of Income related to derivatives not designated in a qualifying hedging relationship, as well as the underlying non-derivative instruments, are presented in Note?6 to the Consolidated Financial Statements.\nCitigroup presents this disclosure by showing derivative gains and losses related to its trading activities together with gains and losses related to non-derivative instruments within the same trading portfolios, as this represents how these portfolios are risk managed.\nThe amounts recognized in Other revenue in the Consolidated Statement of Income related to derivatives not designated in a qualifying hedging relationship are shown below.\nThe table below does not include any offsetting gains (losses) on the economically hedged items to the extent that such amounts are also recorded in Other revenue."}
{"_id": "d8e0a6846", "title": "", "text": "| 12/31/2009 12/31/2010 12/31/2011 12/31/2012 12/31/2013 12/31/2014 | United Parcel Service, Inc. | Standard & Poor’s 500 Index | Dow Jones Transportation Average | Commitment Type | Capital Leases | Operating Leases | Debt Principal | Debt Interest | Purchase Commitments | Pension Fundings | Other Liabilities | Total |"}
{"_id": "d8a8e9b42", "title": "", "text": "In the three defense groups, revenue on long-term government contracts is recognized generally over time as the work progresses, either as the products are produced or as services are rendered.\nTypically, revenue is recognized over time using costs incurred to date relative to total estimated costs at completion to measure progress toward satisfying our performance obligations.\nIncurred cost represents work performed, which corresponds with, and thereby best depicts, the transfer of control to the customer.\nContract costs include labor, material, overhead and, when appropriate, G&A expenses.\nVariances in costs recognized from period to period reflect primarily increases and decreases in production or activity levels on individual contracts.\nBecause costs are used as a measure of progress, year-over-year variances in cost result in corresponding variances in revenue, which we generally refer to as volume.\nOperating earnings and margin in the defense groups are driven by changes in volume, performance or contract mix.\nPerformance refers to changes in profitability based on adjustments to estimates at completion on individual contracts.\nThese adjustments result from increases or decreases to the estimated value of the contract, the estimated costs to complete the contract or both.\nTherefore, changes in costs incurred in the period compared with prior periods do not necessarily impact profitability.\nIt is only when total estimated costs at completion on a given contract change without a corresponding change in the contract value that the profitability of that contract may be impacted.\nContract mix refers to changes in the volume of higherversus lower-margin work.\nAdditionally, higher or lower margins can be inherent in the contract type (e. g. , fixed-price/cost-reimbursable) or type of work (e. g. , development/production)."}
{"_id": "d8e5d263a", "title": "", "text": "| For the Years Ended December 31, | 2015 | (In millions) | Infrastructure charges by state | Pennsylvania(a) | New Jersey(b) | Missouri(c) | Indiana(d) | Illinois(e) | New York(f) | Tennessee(g) | Total Infrastructure charges |"}
{"_id": "d8833bfe4", "title": "", "text": "| A.M. Best Fitch Standard & Poor's Moody's | Principal Financial Group | Senior Unsecured Debt | Preferred Stock | Principal Financial Services | Senior Unsecured Debt | Commercial Paper | Principal Life Insurance Company | Insurer Financial Strength | Enterprise Risk Management Rating |"}
{"_id": "d8d65f3ba", "title": "", "text": "| Derivatives Not Designated as Hedging Instruments 2010 2009 | (In millions) | Brokerage income | Interest rate swaps | Interest rate options | Interest rate futures and forward commitments | Other contracts | Total brokerage income | Mortgage income | Interest rate swaps | Interest rate options | Interest rate futures and forward commitments | Total mortgage income | $89 |"}
{"_id": "d8c1feeb6", "title": "", "text": "| (millions) Total carrying amount | 2006 | Trademarks | Pension (a) | Total | Asia | United  States | (millions) | January 1, 2005 | Acquisitions | Other | December 31, 2005 | Purchase accounting adjustments (b) | Other | December 30, 2006 |"}
{"_id": "d8e04a8c0", "title": "", "text": "| (dollar amounts in millions) At December 31, 2017 | One Yearor Less | Commercial and industrial | Commercial real estate—construction | Commercial real estate—commercial | Total | Variable-interest rates | Fixed-interest rates | Total | Percent of total | Years Ended(In Millions) | Net cash provided by operating activities | Net cash used for investing activities | Net cash provided by (used for) financing activities | Net increase (decrease) in cash and cash equivalents |"}
{"_id": "d896c4674", "title": "", "text": "| Non-Accrual Loans, Excluding Loans Held for Sale Year Ended December 31, 2011 | Commercial | (In millions) | Balance at beginning of year | Additions | Net payments/other activity | Return to accrual | Charge-offs on non-accrual loans-2 | Transfers to held for sale-3 | Transfers to foreclosed properties | Sales | Balance at end of year |"}
{"_id": "d893a22f2", "title": "", "text": "Shareowner Return Performance Graph The following performance graph and related information shall not be deemed soliciting material or to be filed with the SEC, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933 or Securities Exchange Act of 1934, each as amended, except to the extent that the Company specifically incorporates such information by reference into such filing.\nThe following graph shows a five year comparison of cumulative total shareowners returns for our class B common stock, the Standard & Poors 500 Index, and the Dow Jones Transportation Average.\nThe comparison of the total cumulative return on investment, which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods, assumes that $100 was invested on December 31, 2007 in the Standard & Poors 500 Index, the Dow Jones Transportation Average, and our class B common stock."}
{"_id": "d8da9f574", "title": "", "text": "ABIOMED, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements(Continued) Note 8.\nStock Award Plans and Stock Based Compensation Stock Option Plans The Company grants stock options and restricted stock awards to employees and others.\nVirtually all outstanding stock options of the Company as of March 31, 2011 were granted with an exercise price equal to the fair market value on the date of grant.\nFor all options and restricted stock granted below fair market value, compensation expense is recognized ratably over the vesting period.\nOutstanding stock options, if not exercised, expire 10 years from the date of grant.\nThe Companys 2008 Stock Incentive Plan (the Plan) authorizes the grant of a variety of equity awards to the Companys officers, directors, employees, consultants and advisers, including awards of unrestricted and restricted stock, incentive and nonqualified stock options to purchase shares of common stock, performance share awards and stock appreciation rights.\nThe Plan provides that options may only be granted at the current market value on the date of grant.\nThe maximum number of shares of the Companys common stock issuable under the Plan is equal to 5,508,688 shares, which included 308,688 shares that remained available for future awards as of August 12, 2008 under the Companys 1989 Non-Qualified Stock Option Plan for Non-Employee Directors, the 1998 Equity Incentive Plan and 2000 Stock Incentive Plan.\nEach share of stock issued pursuant to a stock option or stock appreciation right counts as one share against the maximum number of shares issuable under the Plan, while each share of stock issued pursuant to any other type of award counts as 1.58 shares against the maximum number of shares issuable under the Plan for grants made on or after August 11, 2010 (and as 1.5 shares for grants made prior to that date).\nAt March 31, 2011, a total of 1,516,500 shares were available for future issuance under the Plan.\nTotal stock-based compensation recognized in the Companys consolidated statements of operations for the fiscal years ended March 31, 2011, 2010, and 2009, were as follows:"}
{"_id": "d8c2c6da8", "title": "", "text": "Financial disclosures required by SFAS 107 SFAS 107 requires disclosure of the estimated fair value of certain financial instruments and the methods and significant assumptions used to estimate their fair values.\nMany but not all of the financial instruments held by the Firm are recorded at fair value on the Consolidated balance sheets.\nFinancial instruments within the scope of SFAS 107 that are not carried at fair value on the Consolidated balance sheets are discussed below.\nAdditionally, certain financial instruments and all nonfinancial instruments are excluded from the scope of SFAS 107.\nAccordingly, the fair value disclosures required by SFAS 107 provide only a partial estimate of the fair value of JPMorgan Chase.\nFor example, the Firm has developed long-term relationships with its customers through its deposit base and credit card accounts, commonly referred to as core deposit intangibles and credit card relationships.\nIn the opinion of management, these items, in the aggregate, add significant value to JPMorgan Chase, but their fair value is not disclosed in this Note.\nFinancial instruments for which fair value approximates carrying value Certain financial instruments that are not carried at fair value on the Consolidated balance sheets are carried at amounts that approximate fair value due to their short-term nature and generally negligible credit risk.\nThese instruments include cash and due from banks, deposits with banks, federal funds sold, securities purchased under resale agreements with short-dated maturities, securities borrowed, short-term receivables and accrued interest receivable, commercial paper, federal funds purchased, securities sold under repurchase agreements with short-dated maturities, other borrowed funds, accounts payable and accrued liabilities.\nIn addition, SFAS 107 requires that the fair value for deposit liabilities with no stated maturity (i. e. , demand, savings and certain money market deposits) be equal to their carrying value.\nSFAS 107 does not allow for the recognition of the inherent funding value of these instruments.\nfollows and the judgments made in evaluating the risk factors related to its loss estimates, management believes that its current estimate of the allowance for credit losses is appropriate.\nFair value of financial instruments, MSRs and commodities inventory JPMorgan Chase carries a portion of its assets and liabilities at fair value.\nThe majority of such assets and liabilities are measured at fair value on a recurring basis.\nCertain assets and liabilities are measured at fair value on a nonrecurring basis, including certain mortgage, home equity and other loans, where the carrying value is based on the fair value of the underlying collateral."}
{"_id": "d8db8ac9a", "title": "", "text": "Closed Block In connection with the 1998 MIHC formation, Principal Life formed a Closed Block to provide reasonable assurance to policyholders included therein that, after the formation of the MIHC, assets would be available to maintain dividends in aggregate in accordance with the 1997 policy dividend scales, if the experience underlying such scales continued.\nAssets of Principal Life were allocated to the Closed Block in an amount that produces cash flows which, together with anticipated revenue from policies and contracts included in the Closed Block, were expected to be sufficient to support the Closed Block policies, including, but not limited to, provisions for payment of claims, certain expenses, charges and taxes, and to provide for continuation of policy and contract dividends in aggregate in accordance with the 1997 dividend scales, if the experience underlying such scales continues, and to allow for appropriate adjustments in such scales, if such experience changes.\nDue to adjustable life policies being included in the Closed Block, the Closed Block is charged with amounts necessary to properly fund for certain adjustments, such as face amount and premium increases, that are made to these policies after the Closed Block inception date.\nThese amounts are referred to as Funding Adjustment Charges and are treated as capital transfers from the Closed Block.\nAssets allocated to the Closed Block inure solely to the benefit of the holders of policies included in the Closed Block.\nClosed Block assets and liabilities are carried on the same basis as other similar assets and liabilities.\nPrincipal Life will continue to pay guaranteed benefits under all policies, including the policies within the Closed Block, in accordance with their terms.\nIf the assets allocated to the Closed Block, the investment cash flows from those assets and the revenues from the policies included in the Closed Block, including investment income thereon, prove to be insufficient to pay the benefits guaranteed under the policies included in the Closed Block, Principal Life will be required to make such payments from their general funds.\nNo additional policies were added to the Closed Block, nor was the Closed Block affected in any other way, as a result of the demutualization.\nA policyholder dividend obligation (‘‘PDO’’) is required to be established for earnings in the Closed Block that are not available to stockholders.\nA model of the Closed Block was established to produce the pattern of expected earnings in the Closed Block, adjusted to eliminate the impact of related amounts in AOCI.\nIf actual cumulative earnings of the Closed Block are greater than the expected cumulative earnings of the Closed Block, only the expected cumulative earnings will be recognized in income with the excess recorded as a PDO.\nThis PDO represents undistributed accumulated earnings that will be paid to Closed Block policyholders as additional policyholder dividends unless offset by future performance of the Closed Block that is less favorable than originally expected.\nIf actual cumulative performance is less favorable than expected, only actual earnings will be recognized in income.\nAt December 31, 2010 and 2009, cumulative actual earnings have been less than cumulative expected earnings.\nAdditionally,"}
{"_id": "d8779f276", "title": "", "text": "| (Dollars in millions) Ending Balance Sheet December 31, 2006 Adoption Net Gain/(Loss) Opening Balance Sheet January 1, 2007 | Impact of adopting SFAS 157 | Net derivative assets and liabilities-1 | Impact of electing the fair value option under SFAS 159 | Loans and leases-2 | Accrued expenses and other liabilities-3 | Other assets-4 | Available-for-sale debt securities-5 | Federal funds sold and securities purchased under agreements to resell-6 | Interest-bearing deposit liabilities in domestic offices-7 | Cumulative-effect adjustment, pre-tax | Tax impact | Cumulative-effect adjustment, net-of-tax, decrease to retained earnings |"}
{"_id": "d8ec72e04", "title": "", "text": "| Total  (In $ millions) | 2007 | 2008 | 2009 | 2010 | 2011 | Thereafter-1 | Total |"}
{"_id": "d8908b668", "title": "", "text": "| Year Ended December 31 2008 2009 2010 | Stock options | Restricted stock | Total stock-based compensation expense, net of tax* |"}
{"_id": "d88c1723a", "title": "", "text": "| 2005 2006-2007 2008-2009 after 2009 Total | (In Millions) | Planned construction and | capital investment -1 | Long-term debt | Capital lease payments | Operating leases | Purchase obligations -2 | Nuclear fuel lease obligations -3 |"}
{"_id": "d893f1faa", "title": "", "text": "28.\nContingencies and Commitments Marathon is the subject of, or party to, a number of pending or threatened legal actions, contingencies and commitments involving a variety of matters, including laws and regulations relating to the environment.\nCertain of these matters are discussed below.\nThe ultimate resolution of these contingencies could, individually or in the aggregate, be material to Marathon’s consolidated financial statements.\nHowever, management believes that Marathon will remain a viable and competitive enterprise even though it is possible that these contingencies could be resolved unfavorably.\nEnvironmental matters – Marathon is subject to federal, state, local and foreign laws and regulations relating to the environment.\nThese laws generally provide for control of pollutants released into the environment and require responsible parties to undertake remediation of hazardous waste disposal sites.\nPenalties may be imposed for noncompliance.\nAt December 31, 2004 and 2003, accrued liabilities for remediation totaled $110 million and $117 million.\nIt is not presently possible to estimate the ultimate amount of all remediation costs that might be incurred or the penalties that may be imposed.\nReceivables for recoverable costs from certain states, under programs to assist companies in cleanup efforts related to underground storage tanks at retail marketing outlets, were $65 million and $86 million at December 31, 2004 and 2003, respectively\nIn July, 2002, Marathon received a Notice of Enforcement from the State of Texas for alleged excess air emissions from its Yates Gas Plant and production operations on its Kloh lease.\nA settlement of this matter was finalized in 2004, with Marathon and its co-owners paying a civil penalty of $74,000 and the donation of land as a Supplemental Environmental Project in lieu of a further penalty of $74,000.\nMarathon is owner of a 38% interest in the facilities.\nIn May, 2003, Marathon received a Consolidated Compliance Order & Notice or Potential Penalty from the State of Louisiana for alleged various air permit regulatory violations.\nThis matter was settled for a civil penalty of $148,628 and awaits formal closure with the State.\nIn August of 2004, the West Virginia Department of Environmental Protection (‘‘WVDEP’’) submitted a draft consent order to MAP regarding MAP’s handling of alleged hazardous waste generated from tank cleanings in the State of West Virginia.\nThe proposed order seeks a civil penalty of $337,900.\nMAP has met with the WVDEP and discussions are ongoing in an attempt to resolve this matter.\nItem 4.\nSubmission of Matters to a Vote of Security Holders Not applicable.\nPART II Item 5.\nMarket for Registrant’s Common Equity and Related Stockholder Matters and Issuer Purchases of Equity Securities The principal market on which the Company’s common stock is traded is the New York Stock Exchange.\nThe Company’s common stock is also traded on the Chicago Stock Exchange and the Pacific Exchange.\nInformation concerning the high and low sales prices for the common stock as reported in the consolidated transaction reporting system and the frequency and amount of dividends paid during the last two years is set forth in ‘‘Selected Quarterly Financial Data (Unaudited)’’ on page F-41.\nAs of January 31, 2005, there were 58,340 registered holders of Marathon common stock.\nThe Board of Directors intends to declare and pay dividends on Marathon common stock based on the financial condition and results of operations of Marathon Oil Corporation, although it has no obligation under Delaware law or the Restated Certificate of Incorporation to do so.\nIn determining its dividend policy with respect to Marathon common stock, the Board will rely on the financial statements of Marathon.\nDividends on Marathon common stock are limited to legally available funds of Marathon."}
{"_id": "d89064fd6", "title": "", "text": "| Regulator AllowedReturn on Equity Percent ofCommon Equity Rate Base(in billions) Portion of Ameren's 2015 Operating Revenues(a) | Ameren Missouri | Electric service(b)(c) | Natural gas delivery service(d) | Ameren Illinois | Electric distribution delivery service(e) | Natural gas delivery service(f) | Electric transmission delivery service(g) | ATXI | Electric transmission delivery service(g) | Ameren Missouri | Ameren Illinois | Ameren Services | Ameren |"}
{"_id": "d8cd4ce1c", "title": "", "text": "| ($ in millions) 2018 2017 | Receivables | Trade - net-1 | Equity affiliates | Other - net | Total | Inventories-2 | Finished products | Work in process | Raw materials | Supplies | Total | Accounts payable and accrued liabilities | Trade | Accrued payroll | Customer rebates | Other postretirement and pension benefits | Income taxes | Other | Total | December 31, 2018 | ($ in millions) | Asset Category | Equity securities: | U.S. | Large cap | Small cap | Non-U.S. | Developed and emerging markets-2 | Debt securities: | Cash and cash equivalents | Corporate-3 | U.S.-4 | Developed and emerging markets-2 | Diversified-5 | Government | U.S.-4 | Developed markets | Other-6 | Real estate, hedge funds, and other | Total assets in the fair value hierarchy | Common-collective trusts-7 | Total Investments | ($ in millions) | January 1, 2017 | Realized gains | Unrealized losses | Transfers (out)/in, net | Foreign currency losses | December 31, 2017 | Realized gains (losses) | Unrealized losses | Transfers (out)/in, net | Foreign currency loss | December 31, 2018 |"}
{"_id": "d8d5bdb8c", "title": "", "text": "| 2008 2007 | ($ in millions) | Total risk-based capital (to risk-weighted assets): | Fifth Third Bancorp (Consolidated) | Fifth Third Bank (Ohio) | Fifth Third Bank (Michigan) | Fifth Third Bank, N.A. | Tier I capital (to risk-weighted assets): | Fifth Third Bancorp (Consolidated) | Fifth Third Bank (Ohio) | Fifth Third Bank (Michigan) | Fifth Third Bank, N.A. | Tier I leverage (to average assets): | Fifth Third Bancorp (Consolidated) | Fifth Third Bank (Ohio) | Fifth Third Bank (Michigan) | Fifth Third Bank, N.A. |"}
{"_id": "d813f94b0", "title": "", "text": "Investment Commitments.\nAt December 31, 2017, the Company had $298 million of various capital commitments to fund sponsored investment funds, including consolidated VIEs.\nThese funds include private equity funds, real assets funds, and opportunistic funds.\nThis amount excludes additional commitments made by consolidated funds of funds to underlying third-party funds as third-party noncontrolling interest holders have the legal obligation to fund the respective commitments of such funds of funds.\nGenerally, the timing of the funding of these commitments is unknown and the commitments are callable on demand at any time prior to the expiration of the commitment.\nThese unfunded commitments are not recorded on the consolidated statements of financial condition.\nThese commitments do not include potential future commitments approved by the Company that are not yet legally binding.\nThe Company intends to make additional capital commitments from time to time to fund additional investment products for, and with, its clients."}
{"_id": "d89018384", "title": "", "text": "| Beginning of year 546 | Revisions of previous estimates | Extensions, discoveries, and other additions | Dispositions | Transfers to proved developed | End of year |"}
{"_id": "d8dbbb9e4", "title": "", "text": "Global Reinsurance reported an increase in net premiums written in 2010, compared with 2009, primarily due to a significant new workers compensation treaty recorded during 2010 in our U. S.  operation, partially offset by generally competitive conditions across most of Global Reinsurances product lines and regions of operations.\nNet premiums written increased in 2009, compared with 2008, primarily due to P&C production growth in the U. S. , Canada, and Bermuda."}
{"_id": "d8d70d23a", "title": "", "text": "| Year Ended December 31, | 2014 | Beginning balance, unrecognized tax benefits | Gross increases—tax positions in prior period | Gross decreases—tax positions in prior period | Gross increases—current-period tax positions | Decreases relating to settlements | Reductions as a result of lapse of statute of limitations | Foreign exchange movement | Ending balance, unrecognized tax benefits |"}
{"_id": "d87e8c62e", "title": "", "text": "Defined Benefit Retirement Plans and Other Retiree Benefits We offer defined benefit retirement pension plans to certain employees.\nThese benefits relate primarily to local plans outside the U. S.  and, to a lesser extent, plans assumed in previous acquisitions covering U. S.  employees.\nWe also provide certain other retiree benefits, primarily health care and life insurance, for the majority of our U. S.  employees who become eligible for these benefits when they meet minimum age and service requirements.\nGenerally, the health care plans require cost sharing with retirees and pay a stated percentage of expenses, reduced by deductibles and other coverages.\nThese benefits are primarily funded by ESOP Series B shares and certain other assets contributed by the Company.\nObligation and Funded Status.\nThe following provides a reconciliation of benefit obligations, plan assets and funded status of these defined benefit plans:"}
{"_id": "d8ab28b88", "title": "", "text": "| 2016 2017 | Net sales | Net earnings from continuing operations common stockholders | Diluted earnings per share from continuing operations |"}
{"_id": "d8b963220", "title": "", "text": "| December 31 2017 December 31 2016 Change | Dollars in millions | Assets | Interest-earning deposits with banks | Loans held for sale | Investment securities | Loans | Allowance for loan and lease losses | Mortgage servicing rights | Goodwill | Other, net | Total assets | Liabilities | Deposits | Borrowed funds | Other | Total liabilities | Equity | Total shareholders’ equity | Noncontrolling interests | Total equity | Total liabilities and equity |"}
{"_id": "d8b8492b8", "title": "", "text": "| High Low Dividends | 2007: | Fourth Quarter | Third Quarter | Second Quarter | First Quarter | 2006: | Fourth Quarter | Third Quarter | Second Quarter | First Quarter |"}
{"_id": "d8e80f588", "title": "", "text": "| Comparable sales impact 0.5% | Non-comparable sales-1 | Total revenue increase |"}
{"_id": "d8366a242", "title": "", "text": "| 2008 2007 2006 | Interest income | Other income (expense), net | Total other income and expense |"}
{"_id": "d889e4db4", "title": "", "text": "We classify within traditional real estate our investment in income-producing real estate, which is comprised primarily of wholly-owned real estate and, to a much lesser extent, joint ventures with interests in single property income-producing real estate.\nThe estimated fair value of the traditional and held-for-sale real estate investment portfolios was $13.3 billion and $12.5 billion at December 31, 2014 and 2013, respectively.\nWe classify within real estate joint ventures and funds, our investments in joint ventures with interests in multi-property projects with varying strategies ranging from the development of properties to the operation of income-producing properties, as well as our investments in real estate private equity funds.\nFrom time to time, we transfer investments from these joint ventures to traditional real estate after the completed property commences operations and, if we intend to retain an interest in the property.\nIn connection with our investment management business, in the fourth quarter of 2013, we contributed real estate investments with an estimated fair value of $1.4 billion to the MetLife Core Property Fund, our newly formed open ended core real estate fund, in return for the issuance of ownership interests in that fund.\nAs part of the initial closing on December 31, 2013, we redeemed 76% of our interest in this fund as new third party investors were admitted.\nThe MetLife Core Property Fund was consolidated as of December 31, 2013.\nHowever, as a result of our quarterly reassessment in the first quarter of 2014, we no longer consolidate the MetLife Core Property Fund, effective March 31, 2014.\nSee Note 8 of the Notes to Consolidated Financial Statements for further information\nWe enter into market standard purchased and written credit default swap contracts.\nPayout under such contracts is triggered by certain credit events experienced by the referenced entities.\nFor credit default swaps covering North American corporate issuers, credit events typically include bankruptcy and failure to pay on borrowed money.\nFor European corporate issuers, credit events typically also include involuntary restructuring.\nWith respect to credit default contracts on Western European sovereign debt, credit events typically include failure to pay debt obligations, repudiation, moratorium, or involuntary restructuring.\nIn each case, payout on a credit default swap is triggered only after the Credit Derivatives Determinations Committee of the International Swaps and Derivatives Association determines that a credit event has occurred.\nTable of Contents 136 Current Environment As a global insurance company, we continue to be impacted by the changing global financial and economic environment, as well as the monetary policy of central banks around the world.\nSee  Industry Trends  Financial and Economic Environment.\n Measures taken by central banks, including with respect to the level of interest rates, may have an impact on the pricing levels of risk-bearing investments and may adversely impact our business operations, investment portfolio and derivatives.\nThe current environment continues to impact our net investment income, net investment gains (losses), net derivative gains (losses), level of unrealized gains (losses) within the various asset classes in our investment portfolio, and our level of investment in lower yielding cash equivalents, short-term investments and government securities.\nSee Risk Factors  Economic Environment and Capital Markets-Related Risks  We Are Exposed to Significant Global Financial and Capital Markets Risks Which May Adversely Affect Our Results of Operations, Financial Condition and Liquidity, and May Cause Our Net Investment Income to Vary from Period to Period.\n European Investments We maintain general account investments in Europe to support our insurance operations and related policyholder liabilities in these countries and certain of our non-European operations invest in Europe for diversification.\nIn Europe, we have proactively mitigated risk in both direct and indirect exposures by investing in a diversified portfolio of high quality investments with a focus on the higher-rated countries, including the U. K. , Germany, France, the Netherlands,"}
{"_id": "d811394dc", "title": "", "text": "| Years Ended December 31, 2012/2011 2011/2010 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d873efe0a", "title": "", "text": "REPUBLIC SERVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) We determine the discount rate used in the measurement of our obligations based on a model that matches the timing and amount of expected benefit payments to maturities of high quality bonds priced as of the Plan measurement date.\nWhen that timing does not correspond to a published high-quality bond rate, our model uses an expected yield curve to determine an appropriate current discount rate.\nThe yields on the bonds are used to derive a discount rate for the liability.\nThe term of our obligation, based on the expected retirement dates of our workforce, is approximately seven years.\nIn developing our expected rate of return assumption, we have evaluated the actual historical performance and long-term return projections of the Plan assets, which give consideration to the asset mix and the anticipated timing of the Plan outflows.\nWe employ a total return investment approach whereby a mix of equity and fixed income investments are used to maximize the long-term return of Plan assets for what we consider a prudent level of risk.\nThe intent of this strategy is to minimize Plan expenses by outperforming Plan liabilities over the long run.\nRisk tolerance is established through careful consideration of Plan liabilities, Plan funded status and our financial condition.\nThe investment portfolio contains a diversified blend of equity and fixed income investments.\nFurthermore, equity investments are diversified across U. S.  and non-U.\nS.  stocks as well as growth, value, and small and large capitalizations.\nDerivatives may be used to gain market exposure in an efficient and timely manner; however, derivatives may not be used to leverage the portfolio beyond the market value of the underlying investments.\nInvestment risk is measured and monitored on an ongoing basis through annual liability measurements, periodic asset and liability studies, and quarterly investment portfolio reviews.\nThe following table summarizes our target asset allocation as of December 31, 2018 and the actual asset allocation as of December 31, 2018 and 2017 for our Plan:"}
{"_id": "d883cae38", "title": "", "text": "in advisory fees was driven by the combined impact of a greater share of fees for completed transactions, and growth in industry-wide fees.\nThe increase in equity underwriting fees was driven by higher industry-wide issuance.\nThe decrease in debt underwriting fees was primarily related to lower bond underwriting fees compared with the prior year, and lower loan syndication fees on lower industry-wide fees.\nPrincipal transactions revenue increased as the prior year included a $1.5 billion loss related to the implementation of the funding valuation adjustment (FVA) framework for over-the-counter (OTC) derivatives and structured notes.\nPrivate equity gains increased as a result of higher net gains on sales.\nThese increases were partially offset by lower fixed income markets revenue in CIB, primarily driven by credit-related and rates products, as well as the impact of business simplification initiatives.\nLending- and deposit-related fees decreased compared with the prior year, reflecting the impact of business simplification initiatives and lower trade finance revenue in CIB.\nAsset management, administration and commissions revenue increased compared with the prior year, reflecting higher asset management fees driven by net client inflows and higher market levels in AM and CCB.\nThe increase was offset partially by lower commissions and other fee revenue in CCB as a result of the exit of a non-core product in 2013.\nSecurities gains decreased compared with the prior year, reflecting lower repositioning activity related to the Firms investment securities portfolio.\nMortgage fees and related income decreased compared with the prior year, predominantly due to lower net production revenue driven by lower volumes due to higher mortgage interest rates, and tighter margins.\nThe decline in net production revenue was partially offset by a lower loss on the risk management of mortgage servicing rights (MSRs).\nCard income was relatively flat compared with the prior year, but included higher net interchange income due to growth in credit and debit card sales volume, offset by higher amortization of new account origination costs.\nOther income decreased from the prior year, predominantly from the absence of two significant items recorded in Corporate in 2013: gains of $1.3 billion and $493 million from sales of Visa shares and One Chase Manhattan Plaza, respectively.\nLower valuations of seed capital investments in AM and losses related to the exit of non-core portfolios in Card also contributed to the decrease.\nThese items were partially offset by higher auto lease income as a result of growth in auto lease volume, and a benefit from a tax settlement.\nNet interest income increased slightly from the prior year, predominantly reflecting higher yields on investment securities, the impact of lower interest expense from lower rates, and higher average loan balances.\nThe increase was partially offset by lower yields on loans due to the run-off of higher-yielding loans and new originations of lower-yielding loans, and lower average interest-earning trading asset balances.\nThe Firms average interest-earning assets were $2.0 trillion, and the net interest yield on these assets, on a FTE basis, was 2.18%, a decrease of 5 basis points from the prior year.\nProvision for credit losses"}
{"_id": "d8c84124c", "title": "", "text": "Investments carried at fair value through net income.\nThe Company has certain investments in its general account portfolios that are carried at fair value with changes in fair value reported in “Other income (loss).\n” Examples include the Company’s investments in equity securities and fixed maturities designated as trading.\nConsistent with the exclusion of realized investment gains (losses) with respect to other investments managed on a consistent basis, the net gains or losses on these investments are excluded from adjusted operating income.\nForeign Currency Exchange Movements.\nThe Company has certain assets and liabilities for which, under U. S.  GAAP, the changes in value, including those associated with changes in foreign currency exchange rates during the period, are recorded in “Other income (loss).\n” To the extent the foreign currency exposure on these assets and liabilities is economically hedged or considered part of the Company’s capital funding strategies for its international subsidiaries, the change in value included in “Other income (loss)” is excluded from adjusted operating income.\nThe insurance liabilities are supported by investments denominated in corresponding currencies, including a significant portion designated as available-for-sale.\nWhile these non-yen denominated assets and liabilities are economically hedged, unrealized gains (losses) on available-for-sale investments, including those arising from foreign currency exchange rate movements, are recorded in AOCI under U. S.  GAAP, while the non-yen denominated liabilities are remeasured for foreign currency exchange rate movements, with the related change in value recorded in earnings within “Other income (loss).\n” Due to this non-economic volatility that has been reflected in U. S.  GAAP earnings, the change in value recorded within “Other income (loss)” is excluded from adjusted operating income.\nOther Activities.\nThe Company excludes certain other items from adjusted operating income that are consistent with similar adjustments described above.\nCharges related to realized investment gains (losses), net Charges that relate to realized investment gains (losses) are also excluded from adjusted operating income, and include the following: ?\nThe portion of the amortization of DAC, VOBA, unearned revenue reserves and DSI for certain products that is related to net realized investment gains (losses).  ?\nPolicyholder dividends and interest credited to policyholders’ account balances that relate to certain life policies that pass back certain realized investment gains (losses) to the policyholder, and reserves for future policy benefits for certain policies that are affected by net realized investment gains (losses).  ?\nMarket value adjustments paid or received upon a contractholder’s surrender of certain of the Company’s annuity products as these amounts mitigate the net realized investment gains or losses incurred upon the disposition of the underlying invested assets.\nU. S.  Workplace Solutions Division Retirement Operating Results The following table sets forth the Retirement segment’s operating results for the periods indicated."}
{"_id": "d88dacaa0", "title": "", "text": "Other Significant Accounting Policies The following table includes a reference to additional significant accounting policies that are described in other notes to the financial statements, including the note number:"}
{"_id": "d8bfccf58", "title": "", "text": "| Period Total Number of Shares Purchased [a] Average Price Paid Per Share Total Number of Shares Purchased as Part of a Publicly AnnouncedPlan or Program [b] Maximum Number of Shares Remaining Under the Plan or Program [b] | Oct. 1 through Oct. 31 | Nov. 1 through Nov. 30 | Dec. 1 through Dec. 31 | Total |"}
{"_id": "d869dcc1a", "title": "", "text": "| Year Ended December 31, | 2014 | (In $ millions, except percentages) | North America | Europe and Africa | Asia-Pacific | South America | Total-1 |"}
{"_id": "d8a05945a", "title": "", "text": "| In millions of dollars at December 31, 2018 Level 1 Level 2 Level 3 Grossinventory Netting-1 Netbalance | Loans | Mortgage servicing rights | Non-trading derivatives and other financial assets measured on a recurring basis | Total assets | Total as a percentage of gross assets-5 | Liabilities | Interest-bearing deposits | Federal funds purchased and securities loaned and sold under agreements to repurchase | Trading account liabilities | Securities sold, not yet purchased | Other trading liabilities | Total trading liabilities | Trading derivatives | Interest rate contracts | Foreign exchange contracts | Equity contracts | Commodity contracts | Credit derivatives | Total trading derivatives | Cash collateral received-6 | Netting agreements | Netting of cash collateral paid | Total trading derivatives | Short-term borrowings | Long-term debt | Total non-trading derivatives and other financial liabilities measured on a recurring basis | Total liabilities | Total as a percentage of gross liabilities-5 |"}
{"_id": "d8988337a", "title": "", "text": "Ezidebit On October 10, 2014, we completed the acquisition of 100% of the outstanding stock of Ezi Holdings Pty Ltd (¡°Ezidebit¡±) for AUD302.6 million in cash ($266.0 million equivalent as of the acquisition date).\nThis acquisition was funded by a combination of cash on hand and borrowings on our revolving credit facility.\nEzidebit is a leading integrated payments company focused on recurring payments verticals in Australia and New Zealand.\nThe acquisition of Ezidebit further enhanced our existing integrated solutions offerings.\nThis transaction was accounted for as a business combination.\nWe recorded the assets acquired and liabilities assumed at their estimated fair values as of the acquisition date.\nprojections for acquired loans, including its estimates of lifetime principal losses.\nDuring each of the last three years, based largely on improving economic conditions, the Companys estimates of cash flows expected to be generated by acquired loans improved, resulting in increases in the accretable yield.\nIn 2014, estimated cash flows expected to be generated by acquired loans increased by $98 million, or approximately 2%.\nThat improvement reflected a lowering of estimated principal losses by approximately $47 million, primarily due to a $41 million decrease in expected principal losses in the acquired commercial real estate portfolios, as well as interest and other recoveries.\nSimilarly, in 2013 the estimates of cash flows expected to be generated by acquired loans increased by approximately 3%, or $179 million.\nThat improvement also reflected a lowering of estimated principal losses, largely driven by a $160 million decrease in expected principal losses in the acquired commercial real estate portfolios.\nIn 2012, estimated cash flows expected to be generated by acquired loans increased by $178 million, or approximately 2%.\nThat improvement was also largely driven by a reduction of estimated principal losses, including a $132 million decrease in expected principal losses in the acquired commercial real estate portfolios.\nTable 11 NONACCRETABLE BALANCE  PRINCIPAL"}
{"_id": "d8dae1712", "title": "", "text": "During the first quarter of 2006, the Company determined that the accounting requirements under SFAS No.144 for reporting the Kraft Papers business as a discontinued operation were met.\nAccordingly, a $100 million pre-tax charge ($61 million after taxes) was recorded to reduce the carrying value of the net assets of this business to their estimated fair value.\nDuring the 2006 second quarter, the Company signed a definitive agreement to sell this business for approximately $155 million in cash, subject to certain closing and post-closing adjustments, and two additional payments totaling up to $60 million payable five years from the date of closing, contingent upon business performance.\nA $16 million pre-tax charge ($11 million after taxes) was recorded during the second quarter to further reduce the carrying value of the assets of the Kraft Papers business based on the terms of this definitive agreement.\nThe sale of this business was subsequently completed on January 2, 2007.\nThe tax effects of significant temporary differences representing deferred tax assets and liabilities at December 31, 2006 and 2005, were as follows:"}
{"_id": "d8f508f28", "title": "", "text": "| 2015 Quarters-1 2014 Quarters | (In millions, except per share information) | Income statement | Net interest income | Noninterest income | Total revenue, net of interest expense | Provision for credit losses | Noninterest expense | Income (loss) before income taxes | Income tax expense (benefit) | Net income (loss) | Net income (loss) applicable to common shareholders | Average common shares issued and outstanding | Average diluted common shares issued and outstanding-2 | Performance ratios | Return on average assets | Four quarter trailing return on average assets-3 | Return on average common shareholders’ equity | Return on average tangible common shareholders’ equity-4 | Return on average tangible shareholders’ equity-4 | Total ending equity to total ending assets | Total average equity to total average assets | Dividend payout | Per common share data | Earnings (loss) | Diluted earnings (loss)(2) | Dividends paid | Book value | Tangible book value-4 | Market price per share of common stock | Closing | High closing | Low closing | Market capitalization |"}
{"_id": "d87a7e2bc", "title": "", "text": "Impairment The following table presents net unrealized losses on securities available for sale as of December 31:"}
{"_id": "d8cea65ba", "title": "", "text": "| December 31, (in millions) 2016 2015 | Interest rate | Credit derivatives | Foreign exchange | Equity | Commodity | Total, net of cash collateral | Liquid securities and other cash collateral held against derivative receivables(a) | Total, net of all collateral |"}
{"_id": "d88dacbc2", "title": "", "text": "RESEARCH AND DEVELOPMENT EXPENDITURES Research expenditures that relate to the development of new products and processes, including significant improvements and refinements to existing products, are expensed as incurred.\nSuch costs were $189 million in 2016, $191 million in 2015 and $197 million in 2014.\nThe Company did not participate in any material customer sponsored research during 2016, 2015 or 2014."}
{"_id": "d8c2c6ef2", "title": "", "text": "| 2016 2015 | December 31, (in millions) | U.S. GAAP nettable derivative receivables | Interest rate contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total interest rate contracts | Credit contracts: | OTC | OTC–cleared | Total credit contracts | Foreign exchange contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total foreign exchange contracts | Equity contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total equity contracts | Commodity contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total commodity contracts | Derivative receivables with appropriate legal opinions | Derivative receivables where an appropriate legal opinion has not been either sought or obtained | Total derivative receivables recognized on the Consolidated balance sheets | Collateral not nettable on the Consolidated balance sheets(c)(d) | Net amounts |"}
{"_id": "d87db6f06", "title": "", "text": "| In thousands of dollars Quoted prices in active markets of identical assets (Level1) Significant other observable inputs (Level 2) Significant other unobservable inputs (Level 3) Total assets measured at fair value asof December 31, 2010 | Cash and cash equivalents | Equity securities: | U.S. all-cap(a) | U.S. large-cap(b) | U.S. small/mid-cap | International all-cap(c) | Global all-cap(d) | Domestic real estate | Fixed income securities: | U.S. government/agency | Corporate bonds(e) | Collateralized obligations(f) | International government/corporate bonds(g) | Total Investments |"}
{"_id": "d8dded49c", "title": "", "text": "| Years Ended December 31, | 2009 | (In millions) | Operating Revenues | Premiums | Universal life and investment-type product policy fees | Net investment income | Other revenues | Total operating revenues | Operating Expenses | Policyholder benefits and claims and policyholder dividends | Interest credited to policyholder account balances | Capitalization of DAC | Amortization of DAC and VOBA | Interest expense | Other expenses | Total operating expenses | Provision for income tax expense (benefit) | Operating earnings |"}
{"_id": "d8693f30c", "title": "", "text": "Future Policy Benefit Reserve.\nActivity in the reserve for future policy benefits is summarized for the periods indicated:"}
{"_id": "d89c0df68", "title": "", "text": "| For the Years Ended December 31, | 2014 | (Dollars in thousands) | Contracted services | Office supplies and services | Transportation | Rents | Other | Total |"}
{"_id": "d8202fb8a", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements The Companys liability for future policy benefits is also inclusive of liabilities for guaranteed benefits related to certain long-duration life and annuity contracts.\nLiabilities for guaranteed benefits with embedded derivative features are primarily in other contract liabilities in the table above.\nThe remaining liabilities for guaranteed benefits are primarily reflected with the underlying contract.\nSee Note 11 for additional information regarding liabilities for guaranteed benefits related to certain long-duration life and annuity contracts.\nPremium deficiency reserves included in Future policy benefits are established, if necessary, when the liability for future policy benefits plus the present value of expected future gross premiums are determined to be insufficient to provide for expected future policy benefits and expenses.\nPremium deficiency reserves have been recorded for the group single premium annuity business, which consists of limited-payment, long-duration traditional, non-participating annuities; structured settlements; single premium immediate annuities with life contingencies; long-term care; and for certain individual health policies.\nUnpaid claims and claim adjustment expenses primarily reflect the Companys estimate of future disability claim payments and expenses as well as estimates of claims incurred but not yet reported as of the balance sheet dates related to group disability products.\nUnpaid claim liabilities that are discounted use interest rates ranging from 3.0% to 6.4%."}
{"_id": "d8316fe04", "title": "", "text": "| December 31, | 2017 | (tons in thousands) | Ammonia-1 | Granular urea | UAN -32% | AN |"}
{"_id": "d87befcd6", "title": "", "text": "| Millions 2016 2015 2014 | Cash provided by operating activities | Cash used in investing activities | Dividends paid | Free cash flow |"}
{"_id": "d868871c6", "title": "", "text": "| Years Ended December 31, 2015/2014 2014/2013 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8c043ae0", "title": "", "text": "| December 31, 2018 December 31, 2017 | Level 1 | (In thousands) | Interest rate swaps |"}
{"_id": "d8f790c78", "title": "", "text": "| Closed Block Business as of December 31, 2009 | Level 1 | (in millions) | Fixed maturities, available for sale: | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds | Corporate securities | Asset-backed securities | Commercial mortgage-backed securities | Residential mortgage-backed securities | Subtotal | Trading account assets supporting insurance liabilities | Other trading account assets: | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds | Corporate securities | Asset-backed securities | Commercial mortgage-backed securities | Residential mortgage-backed securities | Equity securities | All other | Subtotal | Equity securities, available for sale | Commercial mortgage and other loans | Other long-term investments | Short-term investments | Cash equivalents | Other assets | Subtotal excluding separate account assets | Separate account assets-4 | Total assets | Future policy benefits | Long-term debt | Other liabilities | Total liabilities |"}
{"_id": "d8b7f7422", "title": "", "text": "| Net Charge-offs/Losses Net Charge-off/Loss Ratios-1, 2 | (Dollars in millions) | Held basis | Residential mortgage | Home equity | Discontinued real estate | Credit card – domestic | Credit card – foreign | Direct/Indirect consumer | Other consumer | Total held | Supplemental managed basis data | Credit card – domestic | Credit card – foreign | Total credit card – managed |"}
{"_id": "d8cc15f80", "title": "", "text": "Market Risk Management Market risk is the risk that values of assets and liabilities or revenues will be adversely affected by changes in market conditions such as market movements.\nThis risk is inherent in the financial instruments associated with our operations and/or activities including loans, deposits, securities, short-term borrowings, long-term debt, trading account assets and liabilities, and derivatives.\nMarket-sensitive assets and liabilities are generated through loans and deposits associated with our traditional banking business, customer and proprietary trading operations, ALM process, credit risk mitigation activities and mortgage banking activities.\nIn the event of market volatility, factors such as underlying market movements and liquidity have an impact on the results of the Corporation.\nOur traditional banking loan and deposit products are nontrading positions and are reported at amortized cost for assets or the amount owed for liabilities (historical cost).\nGAAP requires a historical cost view of traditional banking assets and liabilities.\nHowever, these positions are still subject to changes in economic value based on varying market conditions, primarily changes in the levels of interest rates.\nThe risk of adverse changes in the economic value of our nontrading positions is managed through our ALM activities.\nWe have elected to fair value certain loan and deposit products in accordance with SFAS 159.\nFor further information on fair value of certain financial assets and liabilities, see Note 19  Fair Value Disclosures to the Consolidated Financial Statements.\nOur trading positions are reported at fair value with changes currently reflected in income.\nTrading positions are subject to various risk factors, which include exposures to interest rates and foreign exchange rates, as well as mortgage, equity, commodity, issuer and market liquidity risk factors.\nWe seek to mitigate these risk exposures by using techniques that encompass a variety of financial instruments in both the cash and derivatives markets.\nThe following discusses the key risk components along with respective risk mitigation techniques.\nInterest Rate Risk Interest rate risk represents exposures to instruments whose values vary with the level or volatility of interest rates.\nThese instruments include, but are not limited to, loans, debt securities, certain trading-related assets and liabilities, deposits, borrowings and derivative instruments.\nHedging instruments used to mitigate these risks include related derivatives such as options, futures, forwards and swaps.\nForeign Exchange Risk Foreign exchange risk represents exposures to changes in the values of current holdings and future cash flows denominated in other currencies.\nThe types of instruments exposed to this risk include investments in foreign subsidiaries, foreign currency-denominated loans and securities, future cash flows in foreign currencies arising from foreign exchange transactions, foreign currency-denominated debt and various foreign exchange derivative instruments whose values fluctuate with changes in the level or volatility of currency exchange rates or foreign interest rates.\nHedging instruments used to mitigate this risk include foreign exchange options, currency swaps, futures, forwards and deposits.\nMortgage Risk Mortgage risk represents exposures to changes in the value of mortgagerelated instruments.\nThe values of these instruments are sensitive to prepayment rates, mortgage rates, agency debt ratings, default, market liquidity, other interest rates and interest rate volatility.\nOur exposure to these instruments takes several forms.\nFirst, we trade and engage in market-making activities in a variety of mortgage securities including whole loans, pass-through certificates, commercial mortgages, and collateralized mortgage obligations including CDOs using mortgages as underlying collateral.\nSecond, we originate a variety of mortgage-backed securities which involves the accumulation of mortgage-related loans in anticipation of eventual securitization.\nThird, we may hold positions in mortgage secu-"}
{"_id": "d8e33aeae", "title": "", "text": "Net Investment Hedges The effective portions of net investment hedges are recorded in other comprehensive income (“OCI”) as a part of the cumulative translation adjustment.\nThe ineffective portions and amounts excluded from the effectiveness testing of net investment hedges are recognized in other income/(expense), net.\nFair Value Hedges Gains and losses related to changes in fair value hedges are recognized in earnings along with a corresponding loss or gain related to the change in value of the underlying hedged item.\nNon-Designated Derivatives Derivatives that are not designated as hedging instruments are adjusted to fair value through earnings in the financial statement line item to which the derivative relates.\nThe Company records all derivatives in the Consolidated Balance Sheets at fair value.\nThe Company’s accounting treatment for these derivative instruments is based on its hedge designation."}
{"_id": "d885c45cc", "title": "", "text": "Effective January 1, 2017, the imputed discount on EIP receivables, which was previously recognized within Interest income in our Consolidated Statements of Comprehensive Income, is recognized within Other revenues in our Consolidated Statements of Comprehensive Income.\nDue to this presentation, the imputed discount on EIP receivables is included in Adjusted EBITDA.\nSee Note 1 - Summary of Significant Accounting Policies of Notes to the Consolidated Financial Statements included in Part II, Item 8 of this Form 10-K for further information.\nWe have applied this change retrospectively and presented the effect on the years ended December 31, 2016 and 2015, in the table below."}
{"_id": "d8aee39c6", "title": "", "text": "| Shares (in millions) Exercise Price per Share* Remaining Contractual Term*(in years) Aggregate Intrinsic Value(in millions) | Outstanding at December 30, 2006 | Granted | Exercised | Forfeited or expired | Outstanding at December 29, 2007 | Exercisable at December 29, 2007 | Operations* | (Amounts in millions) | Net sales | Cost of goods sold | Gross profit | Operating expenses | Operating earnings before financial services | Financial services revenue | Financial services expenses | Operating earnings from financial services before arbitration settlement | Arbitration settlement | Operating earnings from financial services | Operating earnings | Interest expense | Intersegment interest income (expense) – net | Other income (expense) – net | Earnings before income taxes and equity earnings | Income tax expense | Earnings before equity earnings | Financial services – net earnings attributable to Snap-on | Equity earnings, net of tax | Net earnings | Net earnings attributable to noncontrolling interests | Net earnings attributable to Snap-on |"}
{"_id": "d866905ca", "title": "", "text": "a) Includes FHLB and FRB restricted stock.\n(b) Excludes residential mortgage loans measured at fair value on a recurring basis in accordance with SFAS No.159 at December 31, 2008.\nShort-term financial assets, other securities and liabilities For financial instruments with a short-term or no stated maturity, prevailing market rates and limited credit risk, carrying amounts approximate fair value.\nThose financial instruments include cash and due from banks, FHLB and FRB restricted stock, other short-term investments, certain deposits (demand, interest checking, savings, money market and foreign office deposits), and federal funds purchased.\nFair values for other time deposits, certificates of deposit $100,000 and over, and other short-term borrowings were estimated using a discounted cash flow calculation that applied prevailing LIBOR/swap interest rates for the same maturities.\nHeld-to-maturity securities The Bancorp's held-to-maturity securities are primarily composed of instruments that provide income tax credits as the economic return on the investment.\nThe fair value of these instruments is estimated based on current U. S.  Treasury tax credit rates.\nLoans held for sale Fair values for commercial loans held for sale were valued based on executable broker quotes when available, or on the fair value of the underlying collateral.\nBased upon the timing of the transfer of the commercial loans to held for sale, current carrying values approximate fair value as of December 31, 2008.\nFair values for other consumer loans held for sale are based on contractual values upon which the loans may be sold to a third party, and approximate their carrying value as of December 31, 2008 and 2007.\nPortfolio loans and leases, net Fair values were estimated by discounting future cash flows using the current market rates as similar loans would be made to borrowers for the same remaining maturities.\nLong-term debt Fair value of long-term debt was based on quoted market prices, when available, or a discounted cash flow calculation using LIBOR/swap interest rates and, in some cases, a spread for new issues for borrowings of similar terms."}
{"_id": "d88f63a6a", "title": "", "text": "| Year ended December 31, | $ in millions | Equity in earnings of unconsolidated affiliates | Interest and dividend income | Interest income of consolidated investment products | Gains/(losses) of consolidated investment products, net | Interest expense | Interest expense of consolidated investment products | Other gains and losses, net | Total other income and expenses |"}
{"_id": "d80f0aaa8", "title": "", "text": "Entergy Louisiana’s Ninemile Point Unit 6 Self-Build Project In June 2011, Entergy Louisiana filed with the LPSC an application seeking certification that the public necessity and convenience would be served by Entergy Louisiana’s construction of a combined-cycle gas turbine generating facility (Ninemile 6) at its existing Ninemile Point electric generating station.\nNinemile 6 will be a nominally-sized 550 MW unit that is estimated to cost approximately $721 million to construct, excluding interconnection and transmission upgrades.\nEntergy Gulf States Louisiana joined in the application, seeking certification of its purchase under a life-of-unit power purchase agreement of up to 35% of the capacity and energy generated by Ninemile 6.\nThe Ninemile 6 capacity and energy is proposed to be allocated 55% to Entergy Louisiana, 25% to Entergy Gulf States Louisiana, and 20% to Entergy New Orleans.\nIn February 2012 the City Council passed a resolution authorizing Entergy New Orleans to purchase 20% of the Ninemile 6 energy and capacity.\nIf approvals are obtained from the LPSC and other permitting agencies, Ninemile 6 construction is"}
{"_id": "d8a242708", "title": "", "text": "| Year Ended December 31, 2016 to 2017 % Change 2015 to 2016 % Change | 2017 | (in thousands) | Research and development | Research and development as a percentage of revenue |"}
{"_id": "d8dd133e6", "title": "", "text": "| (In Millions) Dec 28,2013 Dec 29,2012 | Available-for-sale investments | Cash | Equity method investments | Loans receivable | Non-marketable cost method investments | Reverse repurchase agreements | Trading assets | Total cash and investments |"}
{"_id": "d8c08e9aa", "title": "", "text": "| Change | 2013 | (in millions) | Medicare | Commercial and other | Military services | Allowance for doubtful accounts | Total net receivables | Reconciliation to cash flow statement: | Provision for doubtful accounts | Receivables from acquisition | Change in receivables per cash flow statement resulting in cash from operations | Years ended December 31, | 2015 | Balance at beginning of period | Change in related noncontrolling interest balance | Changes in redemption value of redeemable noncontrolling interests: | Additions | Redemptions and reclassifications | Redemption value adjustments | Balance at end of period |"}
{"_id": "d86f6babe", "title": "", "text": "| (Dollars in millions) Available-for- Sale Debt Securities Available-for- Sale Marketable Equity Securities Derivatives Employee Benefit Plans -1 Foreign Currency -2 Total | Balance, December 31, 2007 | Net change in fair value recorded in accumulated OCI-3 | Net realized losses reclassified into earnings | Balance, December 31, 2008 | Cumulative adjustment for accounting change – OTTI-4 | Net change in fair value recorded in accumulated OCI | Net realized (gains) losses reclassified into earnings | Balance, December 31, 2009 | Cumulative adjustments for accounting changes: | Consolidation of certain variable interest entities | Credit-related notes | Net change in fair value recorded in accumulated OCI | Net realized (gains) losses reclassified into earnings | Balance, December 31, 2010 |"}
{"_id": "d85efc804", "title": "", "text": "The target awards for the other Named Executive Officers were set as follows: Joseph F.  Domino, CEO - Entergy Texas (50%); Hugh T.  McDonald, CEO - Entergy Arkansas (50%); Haley Fisackerly, CEO - Entergy Mississippi (40%); William M.  Mohl (60%), CEO - Entergy Gulf States and Entergy Louisiana; Charles L.  Rice, Jr.  (40%), CEO - Entergy New Orleans and Theodore H.  Bunting, Jr.  - Principal Accounting Officer - the Subsidiaries (60%).\nThe target awards for the Named Executive Officers (other than Entergy named executive officers) were set by their respective supervisors (subject to ultimate approval of Entergys Chief Executive Officer) who allocated a potential incentive pool established by the Personnel Committee among various of their direct and indirect reports.\nIn setting the target awards, the supervisor took into account considerations similar to those used by the Personnel Committee in setting the target awards for Entergys Named Executive Officers.\nTarget awards are set based on an executive officers current position and executive management level within the Entergy organization.\nExecutive management levels at Entergy range from Level 1 thorough Level 4.\nMr.  Denault and Mr.  Taylor hold positions in Level 2 whereas Mr.  Bunting and Mr.  Mohl hold positions in Level 3 and Mr.  Domino, Mr.  Fisackerly, Mr.  McDonald and Mr.  Rice hold positions in Level 4.\nAccordingly, their respective incentive targets differ one from another based on the external market data developed by the Committees independent compensation consultant and the other factors noted above.\nIn December 2010, the Committee determined the Executive Incentive Plan targets to be used for purposes of establishing annual bonuses for 2011.\nThe Committees determination of the target levels was made after full Board review of managements 2011 financial plan for Entergy Corporation, upon recommendation of the Finance Committee, and after the Committees determination that the established targets aligned with Entergy Corporations anticipated 2011 financial performance as reflected in the financial plan.\nThe targets established to measure management performance against as reported results were:"}
{"_id": "d863c221c", "title": "", "text": "| 2013 2012 2011 | CommonStock | Balance January 1 | Purchases of treasury stock-1 | Issuances-2 | Balance December 31 |"}
{"_id": "d8bbb843a", "title": "", "text": "Trading Account Assets Supporting Insurance Liabilities “Trading account assets supporting insurance liabilities, at fair value” include assets that support certain products included in the retirement business we acquired from CIGNA, as well as certain products included in the International Insurance segment, which are experience rated, meaning that the investment results associated with these products will ultimately accrue to contractholders.\nRealized and unrealized gains and losses for these investments are reported in “Asset management fees and other income.\n” Investment income for these investments is reported in “Net investment income.\n” Results for 2005 and 2004 include the recognition of $33 million and $55 million of investment losses, respectively, on “Trading account assets supporting insurance liabilities, at fair value.\n” These losses primarily represent interest-rate related mark-to-market adjustments on fixed maturity securities.\nConsistent with our treatment of “Realized investment gains (losses), net,” these losses, which will ultimately accrue to the contractholders, are excluded from adjusted operating income.\nIn addition, results for 2005 and 2004 include increases of $44 million and decreases of $1 million, respectively, in contractholder liabilities due to asset value changes in the pool of investments that support these experience-rated contracts.\nThese liability changes are reflected in “Interest credited to policyholders’ account balances” and are also excluded from adjusted operating income.\nAs prescribed by GAAP, changes in the fair value of mortgage loans, other than when associated with impairments, are not recognized in income in the current period, while the impact of these changes in mortgage loan value are reflected as a change in the liability to contractholders in the current period.\nIncluded in the amounts above related to the change in the liability to contractholders is a decrease related to mortgage loans of $12 million in 2005 and $27 million in 2004.\nThere were no amounts recorded related to these items in 2003.\nRetirement.\nSegment results for 2015 decreased in comparison to 2014, reflecting lower net investment spread results, higher general and administrative expenses, net of capitalization, and lower fee income, partially offset by more favorable reserve impacts.\nAsset Management.\nSegment results for 2015 decreased in comparison to 2014, primarily reflecting higher asset management fees from growth in assets under management, which were more than offset by higher expenses, and a lower contribution from other related revenues, net of expenses.\nIndividual Life.\nSegment results for 2015 increased in comparison to 2014, primarily reflecting favorable comparative impacts from our annual reviews and updates of assumptions and lower integration costs.\nExcluding these impacts, results for 2015 decreased from the prior year, reflecting less favorable mortality experience inclusive of associated reserve updates and amortization, net of reinsurance, and a lower contribution from investment results, partially offset by growth of our universal and term life businesses.\nGroup Insurance.\nSegment results for 2015 increased in comparison to 2014, primarily reflecting favorable comparative impacts from our annual reviews and updates of assumptions.\nExcluding these items, results increased from 2014 reflecting more favorable comparative underwriting results and lower expenses, partially offset by a lower contribution from net investment spread results.\nInternational Insurance.\nSegment results for 2015 decreased in comparison to 2014, primarily from net unfavorable impacts from foreign currency exchange rates and from our annual reviews and updates of assumptions.\nExcluding these items, segment results increased from the prior year, reflecting net business growth driven by higher sales, a greater contribution from net investment spread results and the absence of certain reserve refinements that occurred in 2014.\nPartially offsetting these impacts were higher expenses and lower income from non-coupon investments.\nCorporate and Other operations.\nThe results for 2015 in comparison to 2014 reflected decreased losses driven by lower operating debt interest expense, net of higher investment income from the transfer of assets related to the restructuring of the former Closed Block Business, partially offset by higher capital debt interest expense, lower pension and employee benefits income and higher levels of corporate expenses.\nClosed Block division.\nClosed Block division results for 2015 increased in comparison to Closed Block Business results for 2014 primarily driven by the absence of costs associated with the early redemption in 2014 of senior secured notes, which we referred to as the IHC Debt.\nExcluding this impact, results decreased, reflecting a decrease in net realized investment gains, net investment income and net insurance results, partially offset by lower interest expense and a decrease in the policyholder dividend obligation.\nConsolidated Results of Operations The following table summarizes net income (loss) for the periods presented."}
{"_id": "d88791d78", "title": "", "text": "| Year Ended December 31, | 2012 | (in thousands, except percentages and per share data) | Total revenue | Operating income | Operating profit margin | Net income | Earnings per share – diluted: | Diluted earnings per share | Weighted average shares – diluted |"}
{"_id": "d8f92165a", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (continued) (Dollar amounts in thousands except per share data) Note 1Significant Accounting Policies (continued) Recognition of Premium Revenue and Related Expenses: Premium income for traditional long-duration life and health insurance products is recognized when due from the policyholder.\nPremiums for short-duration health contracts are recognized as revenue over the contract period in proportion to the insurance protection provided.\nPremiums for universal life-type and annuity contracts are added to the policy account value, and revenues for such products are recognized as charges to the policy account value for mortality, administration, and surrenders (retrospective deposit method).\nLife premium includes policy charges of $18 million, $19 million, and $21 million for the years ended December 31, 2016, 2015, and 2014, respectively.\nOther premium consists of annuity policy charges in each year.\nFor most insurance products, the related benefits and expenses are matched with revenues by means of the provision of future policy benefits and the amortization of deferred acquisition costs in a manner which recognizes profits as they are earned over the revenue recognition period.\nFor limited-payment life insurance products, the profits are recognized over the contract period.\nStock-Based Compensation: Torchmark accounts for stock-based compensation by recognizing an expense in the financial statements based on the fair value method.\n The fair value method requires that a fair value be assigned to a stock option or other stock grant on its grant date and that this value be amortized over the grantees service period.\nThe fair value method requires the use of an option valuation model to value employee stock options.\nTorchmark has elected to use the Black-Scholes valuation model for option expensing.\nA summary of assumptions for options granted in each of the three years 2014 through 2016 is as follows:"}
{"_id": "d81e688a6", "title": "", "text": "| December 31, 2014-6 | AmortizedCost | (in millions) | Fixed maturities, held-to-maturity | Foreign government bonds | Foreign corporate public securities | Foreign corporate private securities-5 | Commercial mortgage-backed securities | Residential mortgage-backed securities-3 | Total fixed maturities, held-to-maturity-5 |"}
{"_id": "d8d542158", "title": "", "text": "Item 3.\nLegal Proceedings.\nIn March 2005, we were served with a Complaint filed on November 12, 2004 by Oleg Sokolov with the United States District Court for the District of Connecticut alleging that our HTC?\ngrid infringes U. S.  Patent Number 5,970,118.\nThe plaintiff is seeking to preliminarily and permanently enjoin us from infringing the patent, as well as damages resulting from the alleged infringement, treble damages and reasonable attorney fees, and such other and further relief as may be available.\nOn April 25, 2005, we filed an Answer and Counterclaims in response to the complaint in which we denied the plaintiff’s allegations and, among other things, sought declaratory relief with respect to the patent claims and damages, as well as other relief.\nOn October 28, 1998, the plaintiff had previously sued Lorad, asserting, among other things, that Lorad had misappropriated the plaintiff’s trade secrets relating to the HTC Grid.\nThis previous case was dismissed on August 28, 2000.\nThe dismissal was affirmed by the Appellate Court of the State of Connecticut, and the United States Supreme Court refused to grant Certiorari.\nWe do not believe that we infringe any valid or enforceable patents of the plaintiff.\nHowever, while we intend to vigorously defend our interests, ongoing litigation can be costly and time consuming, and we cannot guarantee that we will prevail."}
{"_id": "d88292138", "title": "", "text": "Depreciation and Amortization Year Ended December 31, 2012 Compared to Year Ended December 31, 2011.\nThe increase in depreciation and amortization expense was primarily a result of higher plant balances due to the addition of Constellation facilities; and capital additions and other upgrades to legacy plants.\nYear Ended December 31, 2011 Compared to Year Ended December 31, 2010.\nThe increase in depreciation and amortization expense was primarily a result of higher plant balances due to the acquisition of Exelon Wind, capital additions and other upgrades to existing facilities.\nHigher plant balances resulted in an increase in depreciation and amortization expense of $61 million.\nThe remaining increase in depreciation and amortization expense was due to the impact of increases in asset retirement costs (ARC) for Generations nuclear generating facilities.\nTaxes Other Than Income Year Ended December 31, 2012 Compared to Year Ended December 31, 2011.\nThe increase was primarily due to the addition of Constellations financial results in 2012.\nYear Ended December 31, 2011 Compared to Year Ended December 31, 2010.\nThe increase was primarily due to increased gross receipt taxes related to retail sales in the Mid-Atlantic region.\nThese gross receipt taxes are recovered in revenue, and as a result, have no impact to Generations results of operations.\nEquity in Losses of Unconsolidated Affiliates Year Ended December 31, 2012 Compared to Year Ended December 31, 2011.\nEquity in losses of unconsolidated affiliates in 2012 primarily reflected $172 million related to the amortization of the basis difference in CENG recorded at fair value at the merger date, partially offset by $73 million of net income generated from Exelons equity investment in CENG.\nInterest Expense Year Ended December 31, 2012 Compared to Year Ended December 31, 2011.\nThe increase in interest expense is primarily due to the increase in long-term debt as a result of the merger.\nYear Ended December 31, 2011 Compared to Year Ended December 31, 2010.\nThe increase in interest expense is primarily due to debt issuances in 2010, further described in Note 11 of the Combined Notes to Consolidated Financial Statements.\nThe increase in long-term debt resulted in higher interest expense of approximately $27 million."}
{"_id": "d8746a6d2", "title": "", "text": "| In millions of dollars 2008 2007 2006 % Change 2008 vs. 2007 % Change 2007 vs. 2006 | Net interest revenue | Non-interest revenue | Revenues, net of interest expense | Operating expenses | Provisions for loan losses and for benefits and claims | Income (loss) before taxes and minority interest | Income taxes | Minority interest, net of taxes | Net income (loss) | Average assets(in billions of dollars) | Return on assets | Key indicators(in billions of dollars, except in branches) | Average loans | AverageConsumer Bankingloans | Average deposits (and other consumer liability balances) | Branches/offices |"}
{"_id": "d8ea04672", "title": "", "text": "2017 Compared to 2016 Owned, leased, and other revenue, net of direct expenses increased by $149 million, primarily due to $160 million of higher Legacy-Starwood owned and leased profits, partially offset by $7 million of net lower Legacy-Marriott owned and leased profits, primarily driven by lower RevPAR in Brazil and properties under renovation.2016 Compared to 2015 Owned, leased, and other revenue, net of direct expenses increased by $104 million, driven by $78 million from the Starwood Combination and the following Legacy-Marriott changes: $17 million of net stronger performance at several properties following renovations, $15 million overall favorable results across our segments, and $4 million of lower pre-opening costs, partially offset by $10 million of lower profits from properties that converted from owned to managed."}
{"_id": "d8445e704", "title": "", "text": "| 2007 2006 2005 | Options | Outstanding, beginning of year | Granted | Exercised | Forfeited | Outstanding, end of year | Exercisable, end of year |"}
{"_id": "d8a8e9a7a", "title": "", "text": "10.\nCommitments and Contingencies Purchase Obligations The Company enters into various purchase obligations in the ordinary course of business.\nThose that are binding primarily relate to amounts owed under contractor and subcontractor agreements, orders submitted for equipment for restaurants under construction, commitment for food purchases, and corporate sponsorships.\nAs of December 31, 2011, total purchase obligations were $73,455.\nLitigation In 2006, Maurizio Antoninetti filed suit against the Company in the U. S.  District Court for the Southern District of California, primarily claiming that the height of the serving line wall in the Companys restaurants violated the Americans with Disabilities Act, or ADA, as well as California disability laws.\nOn December 6, 2006, Mr.  Antoninetti filed an additional lawsuit in the same court making the same allegations on a class action basis, on behalf of himself and a purported class of disabled individuals, and a similar class action was filed by James Perkins in U. S.  District Court for the Central District of California on May 7, 2008.\nIn the individual Antoninetti action, the district court entered a ruling in which it found that although the Companys counter height violated the ADA, the Company provided the plaintiff with an equivalent facilitation, and awarded attorneys fees and minimal damages to the plaintiff which the Company has accrued.\nThe Company and the plaintiff appealed the district courts ruling to the U. S.  Court of Appeals for the Ninth Circuit, and on July 26, 2010, the appeals court entered a ruling finding that the Company violated the ADA and did not provide the plaintiff with an equivalent facilitation, and remanded the case to the district court.\nThe district court will now determine the damages and injunctive relief and final award of attorneys fees to which Antoninetti is entitled based on the court of appeals ruling."}
{"_id": "d8e10888e", "title": "", "text": "| For the years ended December 31, 2017 2016 2015 | Units granted | Weighted-average fair value at date of grant | Monte Carlo simulation assumptions: | Estimated values | Dividend yields | Expected volatility |"}
{"_id": "d8b642e38", "title": "", "text": "Note 29 Off-balance sheet lending-related financial instruments and guarantees JPMorgan Chase utilizes lending-related financial instruments (e. g. , commitments and guarantees) to meet the financing needs of its customers.\nThe contractual amount of these financial instruments represents the maximum possible credit risk should the counterparty draw down the commitment or the Firm fulfill its obligation under the guarantee, and the counterparty were to subsequently fail to perform according to the terms of the contract.\nMost of these commitments and guarantees expire without a default occurring or without being drawn.\nAs a result, the total contractual amount of these instruments is not, in the Firms view, representative of its actual future credit exposure or funding requirements.\nFurther, certain commitments, primarily related to consumer financings, are cancelable, upon notice, at the option of the Firm.\nTo provide for the risk of loss inherent in commercial-related contracts, an allowance for credit losses is maintained.\nSee Note 12 on page 100 of this Annual Report for a further discussion of the Allowance for credit losses on lending-related commitments."}
{"_id": "d87b7026a", "title": "", "text": "Average total core deposits for the 2014 fourth quarter increased $2.9 billion, or 6%, from the year-ago quarter, of which $1.1 billion were acquired deposits.\nNoninterest-bearing deposits increased $1.8 billion, or 14%.\nAverage interest-bearing liabilities increased $5.1 billion, or 14%, from the year-ago quarter, reflecting: x $2.9 billion, or 78%, increase in short- and long-term borrowings, primarily reflecting a cost-effective method of funding incremental LCR related securities growth.\nx $1.6 billion, or 9%, increase in money market deposits, reflecting the strategic focus on customer growth and increased shareof-wallet among both consumer and commercial customers.\nx $1.0 billion, or 74%, increase in brokered deposits and negotiated CDs, which were used to efficiently finance balance sheet growth while continuing to manage the overall cost of funds.\nPartially offset by: x $0.9 billion, or 22%, decrease in average core certificates of deposit due to the strategic focus on changing the funding sources to no-cost demand deposits and lower-cost money market deposits."}
{"_id": "d8f1254ec", "title": "", "text": "| Units Weighted Average Grant-Date Fair Value per Unit | (In whole) | Non-vested at December 31, 2009 | Granted | Forfeited | Vested | Non-vested at December 31, 2010 |"}
{"_id": "d8d858400", "title": "", "text": "| ($ in millions, except per share data) 2010 2009 2008 | Numerator: | Net income (loss) | Denominator: | Weighted average common shares outstanding | Effect of dilutive potential common shares: | Stock options | Restricted stock units (non-participating) | Weighted average common and dilutive potential common shares outstanding | Earnings per share – Basic | Earnings per share – Diluted |"}
{"_id": "d8c3f3be0", "title": "", "text": "| 2009 2008 2007 | Balance at beginning of year | Additions due to the acquisition of Allied | Additions based on tax positions related to current year | Reductions for tax positions related to the current year | Additions for tax positions of prior years | Reductions for tax positions of prior years | Reductions for tax positions resulting from lapse of statute of limitations | Settlements | Balance at end of year |"}
{"_id": "d889f76bc", "title": "", "text": "Cost of Service and Other Revenues Cost of service and other revenues primarily represents payroll and related costs associated with the Companys professional services employees, consultants, infrastructure costs and overhead allocations, including depreciation and rent and materials consumed in providing the service.\nStock-Based Compensation The Company accounts for share-based payments in accordance with ASC 718, Stock Compensation.\nAs such, all share-based payments to employees, including grants of stock options and restricted stock units, are recognized in the consolidated statement of operations based on their fair values as the date of grant.\nNet Income (Loss) Per Share Basic net income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares outstanding.\nDiluted net income (loss) per share is computed by dividing net income (loss) by the weighted average number of common shares and potential common shares from outstanding stock options, restricted stock units and convertible debt determined by applying the treasury stock method.\nIn accordance with ASC 718, the assumed proceeds under the treasury stock method include the average unrecognized compensation expense of in-the-money stock options and restricted stock units.\nThe Company applies the provisions of ASC 260, Earnings Per Share, Subsection 10-45-44, to determine the diluted weighted average shares outstanding as it relates to its Convertible Notes, and due to the type of debt instrument issued, the Company applies the treasury stock method and not the ifconverted method.\nThe dilutive impact of the Companys Convertible Notes is based on the difference between the Companys current period average stock price and the conversion price of the Convertible Notes, provided there is a premium.\nPursuant to this accounting standard, there is no dilution from the accreted principal of the Convertible Notes."}
{"_id": "d8b33da6c", "title": "", "text": "| Type of Case Number of CasesPending as ofDecember 31, 2014 Number of CasesPending as ofDecember 31, 2013 Number of CasesPending as ofDecember 31, 2012 | Individual Smoking and Health Cases-1 | Smoking and Health Class Actions and Aggregated Claims Litigation-2 | Health Care Cost Recovery Actions-3 | “Lights/Ultra Lights” Class Actions |"}
{"_id": "d85e51d50", "title": "", "text": "HESS CORPORATION AND CONSOLIDATED SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) As a result of continued substantial operating losses and unsuccessful efforts to improve operating performance by reducing refining capacity, HOVENSA prepared an impairment analysis as of December 31, 2011, which concluded that undiscounted future cash flows would not recover the carrying value of its long-lived assets, and recorded an impairment charge and other charges related to the decision to shut down the refinery.\nFor 2011, the Corporation recorded a total of $1,073 million of losses from its equity investment in HOVENSA.\nThese pre-tax losses included $875 million ($525 million after income taxes) due to the impairment recorded by HOVENSA and other charges associated with its decision to shut down the refinery.\nThe Corporations share of the impairment related losses recorded by HOVENSA represented an amount equivalent to the Corporations financial support to HOVENSA at December 31, 2011, its planned future funding commitments for costs related to the refinery shutdown, and a charge of $135 million for the write-off of related assets held by the subsidiary which owns the Corporations investment in HOVENSA.\nA deferred income tax benefit of $350 million, consisting primarily of U. S.  income taxes, was recorded on the Corporations share of HOVENSAs impairment and refinery shutdown related charges.\nAt December 31, 2011, the Corporation had a liability of $487 million for its planned funding commitments, which was fully funded in 2012.\nIn December 2010, the Corporation recorded an impairment charge of $300 million before income taxes ($289 million after income taxes) to reduce the carrying value of its equity investment in HOVENSA to its fair value.\nThe investment had been adversely affected by consecutive annual operating losses and a fourth quarter 2010 debt rating downgrade.\nThe Corporation performed an impairment analysis and concluded that its investment had experienced an other than temporary decline in value.\nThe fair value was determined based on an income approach using estimated refined petroleum product selling prices and volumes, related costs of product sold, capital and operating expenditures and a market based discount rate (a Level 3 fair value measurement).\nThe Corporations investment in HOVENSA is accounted for using the equity method.\nIn accordance with Rule 3-09 of Regulation S-X, the Corporation has filed financial statements for HOVENSA in this report on Form 10-K.  6.\nProperty, Plant and Equipment Property, plant and equipment at December 31 were as follows:"}
{"_id": "d86aa3dba", "title": "", "text": "| Percentages of Related Revenues Fiscal Year Ended September 30, | 2011 | Gross profit — Home sales | Gross profit — Land/lot sales | Effect of inventory impairments and land option cost write-offs ontotal homebuilding gross profit | Gross profit — Total homebuilding | Selling, general and administrative expense | Interest expense | Loss on early retirement of debt, net | Other (income) | Income (loss) before income taxes |"}
{"_id": "d855e75d4", "title": "", "text": "Determination of Fair Value of Plan Assets The Plan has an established and well-documented process for determining fair values.\nFair value is based upon quoted market prices, where available.\nIf listed prices or quotes are not available, fair value is based upon models that primarily use, as inputs, market-based or independently sourced market parameters, including yield curves, interest rates, volatilities, equity or debt prices, foreign exchange rates and credit curves.\nWhile the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different estimate of fair value at the reporting date.\nValuation Hierarchy The authoritative literature establishes a three-level hierarchy to prioritize the inputs used in measuring fair value.\nThe levels within the hierarchy are described in the table below with Level 1 having the highest priority and Level 3 having the lowest.\nA financial instruments categorization within the valuation hierarchy is based upon the lowest level of input that is significant to the fair value measurement.\nFollowing is a description of the valuation methodologies used for the investments measured at fair value.  ?\nShort-term investment funds  Cash and quoted short-term instruments are valued at the closing price or the amount held on deposit by the custodian bank.\nOther investments are through investment vehicles valued using the Net Asset Value (NAV) provided by the administrator of the fund.\nThe NAV is based on the value of the underlying assets owned by the fund, minus its liabilities, and then divided by the number of shares outstanding.\nThe NAV is a quoted price in a market that is not active and classified as Level 2.  ?\nGovernment and agency securities  A limited number of these investments are valued at the closing price reported on the major market on which the individual securities are traded.\nWhere quoted prices are available in an active market, the investments are classified within Level 1 of the valuation hierarchy.\nIf quoted market prices are not available for the specific security, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows.\nWhen quoted market prices for a security are not available in an active market, they are classified as Level 2.  ?\nDebt instruments  A limited number of these investments are valued at the closing price reported on the major market on which the individual securities are traded.\nWhere quoted prices are available in an active market, the investments are classified as Level 1.\nIf quoted market prices are not available for the specific security, then fair values are estimated by using pricing models, quoted prices of securities with similar characteristics or discounted cash flows and are classified as Level 2.\nLevel 3 debt instruments are priced based on unobservable inputs.  ?\nEquity securities  Equity securities are valued at the closing price reported on the major market on which the individual securities are traded.\nSubstantially all common stock is classified within Level 1 of the valuation hierarchy.  ?\nCommingled funds  These investment vehicles are valued using the NAV provided by the fund administrator.\nThe NAV is based on the value of the underlying assets owned by the fund, minus its liabilities, and then divided by the number of shares outstanding.\nAssets in the Level 2 category have a quoted market price."}
{"_id": "d87a1436c", "title": "", "text": "| 10/28/2012 10/27/2013 10/26/2014 10/25/2015 10/30/2016 10/29/2017 | Applied Materials | S&P 500 Index | RDG Semiconductor Composite Index |"}
{"_id": "d894cfe5e", "title": "", "text": "| December 31, | 2007 | (In millions) | Embedded derivative assets | Embedded derivative liabilities |"}
{"_id": "d8c5c0c02", "title": "", "text": "| Pension Plans Other Postretirement | (In millions) | Long-term return on assets | Discount rate |"}
{"_id": "d88877404", "title": "", "text": "(v) bankruptcy, insolvency, or other similar proceedings, (vi) our inability to pay debts, (vii) judgment defaults of $15 million or more, (viii) customary ERISA and environmental defaults, (ix) actual or asserted invalidity of any material provision of the loan documentation or impairment of a portion of the collateral, (x) failure of subordinated indebtedness to be validly and sufficiently subordinated, and (xi) a change of control.\nBorrowings under the Credit Agreement accrue interest at variable rates, which depend on the type (U. S.  dollar or Canadian dollar) and duration of the borrowing, plus an applicable margin rate.\nThe weighted-average interest rates, including the effect of interest rate swap agreements, on borrowings outstanding against our senior secured credit facility at December 31, 2010 and 2009 were 3.97% and 4.53%, respectively.\nBorrowings against the senior secured credit facility totaled $590.1 million and $595.7 million at December 31, 2010 and 2009, respectively, of which $50.0 million and $7.5 million were classified as current maturities, respectively.\nWe also incur commitment fees on the unused portion of our revolving credit facility ranging from 0.38% to 0.50%.\nAs part of the consideration for business acquisitions completed during 2010, 2009 and 2008, we issued promissory notes totaling approximately $5.5 million, $1.2 million and $1.6 million, respectively.\nThe notes bear interest at annual rates of 2.0% to 4.0%, and interest is payable at maturity or in monthly installments.\nNote 6.\nDerivative Instruments and Hedging Activities We are exposed to market risks, including the effect of changes in interest rates, foreign currency exchange rates and commodity prices.\nUnder our current policies, we use derivatives to manage our exposure to variable interest rates on our Credit Agreement, but we do not attempt to hedge our foreign currency and commodity price risks.\nWe do not hold or issue derivatives for trading purposes.\nAt December 31, 2010, we had interest rate swap agreements in place to hedge a portion of the variable interest rate risk on our variable rate term loans, with the objective of minimizing the impact of interest rate fluctuations and stabilizing cash flows.\nBeginning on the effective dates of the interest rate swap agreements, on a monthly basis through the maturity date, we have paid and will pay the fixed interest rate and have received and will receive payment at a variable rate of interest based on the London InterBank Offered Rate (LIBOR) on the notional amount.\nThe interest rate swap agreements qualify as cash flow hedges, and we have elected to apply hedge accounting for these swap agreements.\nAs a result, the effective portion of changes in the fair value of the interest rate swap agreements is recorded in Other Comprehensive Income and is reclassified to interest expense when the underlying interest payment has an impact on earnings.\nThe ineffective portion of changes in the fair value of the interest rate swap agreements is reported in interest expense."}
{"_id": "d885d3112", "title": "", "text": "| Total Capital Leases Operating Leases Sponsorship, Licensing & Other | 2010 | 2011 | 2012 | 2013 | 2014 | Thereafter | Total | For the years ended December 31, | 2009 | Dollar Amount | (In millions, except percentages) | Income (loss) before income tax expense | Federal statutory tax | State tax effect, net of federal benefit | Foreign tax effect, net of federal benefit | Non-deductible expenses and other differences | Tax exempt income | Income tax expense (benefit) |"}
{"_id": "d89e3c654", "title": "", "text": "| 2002 2001 | Entergy Arkansas | Entergy Gulf States | Entergy Louisiana | System Energy |"}
{"_id": "d8267f2e2", "title": "", "text": "The following is a tabular reconciliation of the total amounts of unrecognized tax benefits (in millions):"}
{"_id": "d83374498", "title": "", "text": "| Years | Land improvements | Buildings and improvements | Capitalized software costs | Machinery and other equipment |"}
{"_id": "d8995d520", "title": "", "text": "| December 31 | Commercial Utilized | (Dollars in millions) | Real estate-3 | Diversified financials | Government and public education | Retailing | Capital goods | Healthcare equipment and services | Materials | Consumer services | Banks | Individuals and trusts | Commercial services and supplies | Food, beverage and tobacco | Energy | Media | Utilities | Transportation | Insurance | Religious and social organizations | Consumer durables and apparel | Technology hardware and equipment | Software and services | Pharmaceuticals and biotechnology | Telecommunication services | Automobiles and components | Food and staples retailing | Household and personal products | Semiconductors and semiconductor equipment | Other | Total commercial credit exposure by industry | Net credit default protection purchased on total commitments-4 |"}
{"_id": "d8c975ab4", "title": "", "text": "| In millions 2018 2017 2016 | Net Sales (a) | Operating Profit (Loss) |"}
{"_id": "d8908b438", "title": "", "text": "| (in millions) 2005 2004 2003 | Revenues(a): | Aircraft Finance(b) | Capital Markets(c)(d) | Consumer Finance(e) | Other | Total | Operating income (loss)(a): | Aircraft Finance | Capital Markets(d) | Consumer Finance(f) | Other, including intercompany adjustments | Total |"}
{"_id": "d8af972be", "title": "", "text": "Long-term product offerings include active and index strategies.\nOur active strategies seek to earn attractive returns in excess of a market benchmark or performance hurdle while maintaining an appropriate risk profile.\nWe offer two types of active strategies: those that rely primarily on fundamental research and those that utilize primarily quantitative models to drive portfolio construction.\nIn contrast, index strategies seek to closely track the returns of a corresponding index, generally by investing in substantially the same underlying securities within the index or in a subset of those securities selected to approximate a similar risk and return profile of the index.\nIndex strategies include both our non-ETF index products and iShares ETFs.\nAlthough many clients use both active and index strategies, the application of these strategies may differ.\nFor example, clients may use index products to gain exposure to a market or asset class.\nIn addition, institutional non-ETF index assignments tend to be very large (multi-billion dollars) and typically reflect low fee rates.\nThis has the potential to exaggerate the significance of net flows in institutional index products on BlackRock’s revenues and earnings.\nEquity Year-end 2014 equity AUM of $2.451 trillion increased by $133.4 billion, or 6%, from the end of 2013 due to net new business of $52.4 billion and net market appreciation and foreign exchange movements of $81.0 billion.\nNet inflows were driven by $59.6 billion and $17.7 billion into iShares and non-ETF index accounts, respectively.\nIndex inflows were offset by active net outflows of $24.9 billion, with outflows of $18.0 billion and $6.9 billion from fundamental and scientific active equity products, respectively.\nBlackRock’s effective fee rates fluctuate due to changes in AUM mix.\nApproximately half of BlackRock’s equity AUM is tied to international markets, including emerging markets, which tend to have higher fee rates than similar U. S.  equity strategies.\nAccordingly, fluctuations in international equity markets, which do not consistently move in tandem with U. S.  markets, may have a greater impact on BlackRock’s effective equity fee rates and revenues.\nFixed Income Fixed income AUM ended 2014 at $1.394 trillion, increasing $151.5 billion, or 12%, from December 31, 2013.\nThe increase in AUM reflected $96.4 billion in net new business and $55.1 billion in net market appreciation and foreign exchange movements.\nIn 2014, net new business was diversified across fixed income offerings, with strong flows into our unconstrained, total return and high yield products.\nFlagship funds in these product areas include our unconstrained Strategic Income Opportunities and Fixed Income Global Opportunities funds, with net inflows of $13.3 billion and $4.2 billion, respectively; our Total Return fund with net inflows of $2.1 billion; and our High Yield Bond fund with net inflows of $2.1 billion.\nFixed income net inflows were positive across investment styles, with iShares, non-ETF index, and active net inflows of $40.0 billion, $28.7 billion and $27.7 billion, respectively.\nMulti-Asset Class BlackRock’s multi-asset class team manages a variety of balanced funds and bespoke mandates for a diversified client base that leverages our broad investment expertise in global equities, currencies, bonds and commodities, and our extensive risk management capabilities.\nInvestment solutions might include a combination of long-only portfolios and alternative investments as well as tactical asset allocation overlays.\nComponent changes in multi-asset class AUM for 2014 are presented below."}
{"_id": "d86617314", "title": "", "text": "| (in millions) Maturity Amount Unamortized Discount Carrying Value Fair Value | 3.50% Notes due 2014 | 1.375% Notes due 2015 | 6.25% Notes due 2017 | 5.00% Notes due 2019 | 4.25% Notes due 2021 | 3.375% Notes due 2022 | Total Long-term Borrowings |"}
{"_id": "d89151e12", "title": "", "text": "| ($ in millions) 2015 Change 2014 Change 2013 | Materials and production | Marketing and administrative | Research and development-1 | Restructuring costs | Other (income) expense, net | $34,097 |"}
{"_id": "d8c313176", "title": "", "text": "| Amount (In Millions) | 2010 net revenue | Retail electric price | ANO decommissioning trust | Transmission revenue | Volume/weather | Net wholesale revenue | Capacity acquisition recovery | Other | 2011 net revenue |"}
{"_id": "d8ea7c550", "title": "", "text": "| Years Ended December 31 2007 | Tangible net assets | Goodwill | Other intangibles | In-process research and development | $4,286 | Consideration, net: | Cash | Stock | $4,286 |"}
{"_id": "d8d5c966c", "title": "", "text": "| Plan Category Number Of Securities To Be Issued Upon Exercise Of Outstanding Options, Warrants And Rights (a) Weighted-Average Exercise Price Of OutstandingOptions, Warrants And Rights (b) Number Of Securities Remaining Available For Future Issuance Under Equity Compensation Plans (excluding securities reflected in column (a)) (c) | Equity compensation plans approved by security holders | Equity compensation plans not approved by security holders -1 | Total |"}
{"_id": "d896ad3c0", "title": "", "text": "| For the Years Ended December 31, | (Millions of Dollars) | Operating revenues | Purchased power | Fuel | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Electric operating income |"}
{"_id": "d8e2f5160", "title": "", "text": "| 2017 2016 2015 2014 | $44,903 |"}
{"_id": "d8e7861d4", "title": "", "text": "| For the Years Ended December 31, | 2011 | (in thousands) | Contracted services | Office supplies and services | Transportation | Rents | Other | Total |"}
{"_id": "d8872d67a", "title": "", "text": "| Years Ended December 31, | 2015 | ($ in thousands, except per share amounts) | OPERATING DATA:-1 | Rental and other property | Management and other fees from affiliates | Income before discontinued operations | Income from discontinued operations | Net income | Net income available to common stockholders | Per share data: | Basic: | Income before discontinued operations available to common stockholders | Net income available to common stockholders | Weighted average common stock outstanding | Diluted: | Income before discontinued operations available to common stockholders | Net income available to common stockholders | Weighted average common stock outstanding | Cash dividend per common share |"}
{"_id": "d8ce70910", "title": "", "text": "| Millions 2018 2017 2016 | Agricultural Products | Energy | Industrial | Premium | Total freight revenues | Other subsidiary revenues | Accessorial revenues | Other | Total operating revenues |"}
{"_id": "d8ba12d6a", "title": "", "text": "| 2018 $-13,853 | 2019 | 2020 | 2021 | 2022 |"}
{"_id": "d8d29598c", "title": "", "text": "| 2014 $120,971 | 2015 | 2016 | 2017 | 2018 | Thereafter | Total |"}
{"_id": "d86bdfa3a", "title": "", "text": "| (in thousands) | December 31, | Backlog |"}
{"_id": "d88000a0a", "title": "", "text": "Gas Operations Gas Facilities O&Rs capitalized costs for utility plant, net of accumulated depreciation for gas facilities, which are primarily distribution facilities, were $476 million and $456 million at December 31, 2014 and 2013, respectively.\nO&R and Pike own their gas distribution systems and O&R owns a gas transmission system.\nNatural gas is delivered by pipeline to O&R at various points in or near its service territory and is distributed to customers by the company through an estimated 1,867 miles of mains and 105,077 service lines.\nGas Sales and Deliveries O&R generally recovers the cost of the gas that it buys and then sells to its full-service customers.\nIt does not make any margin or profit on the gas it sells.\nO&Rs gas revenues are subject to a weather normalization clause.\nO&Rs New York gas revenues (which accounted for substantially all of O&Rs gas revenues in 2014) are subject to a revenue decoupling mechanism.\nAs a result, its gas delivery revenues are generally not affected by changes in delivery volumes from levels assumed when rates were approved.\nO&Rs gas sales and deliveries for the last five years were:"}
{"_id": "d8f21aa8c", "title": "", "text": "| Current 30-89 Days  PastDue Accruing Loans Past Due 90 Days or More(a) Accruing Loans Acquired at a Discount Past Due 90 Daysor More(b) Purchased Impaired(c) Nonaccrual Total | (In thousands) | December 31, 2015 | Commercial, financial, leasing, etc. | Real estate: | Commercial | Residential builder and developer | Other commercial construction | Residential | Residential-limited documentation | Consumer: | Home equity lines and loans | Automobile | Other | Total | December 31, 2014 | Commercial, financial, leasing, etc. | Real estate: | Commercial | Residential builder and developer | Other commercial construction | Residential | Residential-limited documentation | Consumer: | Home equity lines and loans | Automobile | Other | Total |"}
{"_id": "d88e958f4", "title": "", "text": "| 2015 2014 | Quarter | First | Second | Third | Fourth | Year |"}
{"_id": "d8261505e", "title": "", "text": "| Change | Fiscal Year | 2016 | Amortization expenses | Amortization expenses as a % of revenue |"}
{"_id": "d813f9500", "title": "", "text": "Contingencies Contingent Payments Related to Business Acquisitions.\nIn connection with certain acquisitions, BlackRock is required to make contingent payments, subject to achieving specified performance targets, which may include revenue related to acquired contracts or new capital commitments for certain products.\nThe fair value of the remaining aggregate contingent payments at December 31, 2017 totaled $236 million, including $128 million related to the First Reserve Transaction, and is included in other liabilities on the consolidated statements of financial condition."}
{"_id": "d8b642b7c", "title": "", "text": "| December 31, (in billions) 2003 2002 | Structured commercial loan vehicles | Credit-linked note vehicles | Municipal bond vehicles | Other client intermediation vehicles |"}
{"_id": "d8b546926", "title": "", "text": "UNITED PARCEL SERVICE, INC.  AND SUBSIDIARIES MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 26 Revenue per piece for our Next Day Air and deferred products decreased in 2012 compared with 2011, as declines in fuel surcharge rates and product mix changes more than offset the impact of a base rate increase that took effect in early 2012.\nChanges in product mix negatively impacted revenue per piece for our air products, as our lightweight service offerings accounted for a larger portion of our overall air volume in 2012 compared with 2011, and our Next Day Air Saver volume continued to grow at a faster rate than our premium Next Day Air services.\nGround revenue per piece increased in 2012 compared with 2011, primarily due to a base rate increase that took effect in early 2012; however, this was partially offset by product mix changes, as strong volume growth in our lightweight service offerings resulted in these relatively lower-yielding products accounting for a greater portion of our overall volume in 2012, compared with 2011.\nRevenue per piece for our ground and air products was positively impacted by an increase in base rates that took effect on January 2, 2012.\nWe increased the base rates 6.9% on UPS Next Day Air, UPS 2nd Day Air and UPS 3 Day Select, and 5.9% on UPS Ground, while reducing our fuel surcharge indices (discussed further below).\nOther pricing changes included an increase in the residential surcharge, and an increase in the delivery area surcharge on certain residential and commercial services.\nThese rate changes are customary and occur on an annual basis.2011 compared to 2010 Overall revenue per piece increased for our ground and air products during 2011 due to a combination of base price increases and fuel surcharge rate changes, which are discussed further below.\nThe overall revenue per piece increase was also positively affected by our focus on revenue management initiatives.\nIn addition, the revenue per piece increase for our air products was positively impacted by the overall mix shift from letters to packages.\nComparing the fourth quarter of 2011 with 2010, the average revenue per piece increase slowed to 3.4% due to the higher volume of lighter-weight business-to-consumer packages.\nRevenue per piece for our ground and air products was also impacted by an increase in base rates that took effect on January 3, 2011.\nWe increased the base rates 6.9% on UPS Next Day Air, UPS 2nd Day Air, and UPS 3 Day Select, and 5.9% on UPS Ground, while reducing our fuel surcharge indices (discussed further below).\nOther pricing changes included an increase in the residential surcharge, and an increase in the delivery area surcharge on both residential and commercial services to certain ZIP codes.\nFuel Surcharges UPS applies a fuel surcharge on our domestic air and ground services.\nThe air fuel surcharge is based on the U. S.  Department of Energy’s (“DOE”) Gulf Coast spot price for a gallon of kerosene-type jet fuel, while the ground fuel surcharge is based on the DOE’s On-Highway Diesel Fuel Price.\nBased on published rates, the average fuel surcharge rates for domestic air and ground products were as follows:"}
{"_id": "d88ec54e6", "title": "", "text": "| Exhibit No. Document | 3.1 | 3.2 | 4.1 | 4.2 | 4.3 | 4.4 | 4.5 | 4.6 | 4.7 | 4.8 | 4.9 | 4.10 | 4.11 | 4.12 |"}
{"_id": "d8c8fc434", "title": "", "text": "| E&P OSM RM&T IG Total | 2007 | Revenues: | Customer | Intersegment(a) | Related parties | Segment revenues | Elimination of intersegment revenues | Loss on long-term U.K. natural gas contracts | Total revenues | Segment income (loss) | Income from equity method investments | Depreciation, depletion and amortization(b) | Minority interests in loss of subsidiary | Income tax provision (benefit)(b) | Capital expenditures(c)(d) | 2006 | Revenues: | Customer | Intersegment(a) | Related parties | Segment revenues | Elimination of intersegment revenues | Gain on long-term U.K. natural gas contracts | Total revenues | Segment income | Income from equity method investments | Depreciation, depletion and amortization(b) | Minority interests in loss of subsidiary | Income tax provision(b) | Capital expenditures(c)(d) | 2005 | Revenues: | Customer | Intersegment(a) | Related parties | Segment revenues | Elimination of intersegment revenues | Loss on long-term U.K. natural gas contracts | Total revenues | Segment income | Income from equity method investments | Depreciation, depletion and amortization(b) | Minority interests in (income) loss of subsidiaries(b) | Income tax provision (benefit)(b) | Capital expenditures(c)(d) | (In millions) | Sales and transfers of oil and gas produced, net of production, transportation and administrative costs | Net changes in prices and production, transportation and administrative costs related to future production | Extensions, discoveries and improved recovery, less related costs | Development costs incurred during the period | Changes in estimated future development costs | Revisions of previous quantity estimates | Net changes in purchases and sales of minerals in place | Accretion of discount | Net change in income taxes | Timing and other | Net change for the year | Beginning of year | End of year | Net change for the year from discontinued operations |"}
{"_id": "d8926f934", "title": "", "text": "The following table summarizes the Company’s results on a pro forma basis as if it had recorded compensation expense based upon the fair value at the grant date for awards under these plans consistent with the methodology prescribed in SFAS No.123 for 2005, 2004 and 2003:"}
{"_id": "d89f12eac", "title": "", "text": "| 2005 2004 2003 | (for the year ended December 31, in millions) | Commercial Accounts | Select Accounts | National Accounts | Total Commercial Core | Commercial Other | Total Commercial |"}
{"_id": "d88362c02", "title": "", "text": "| Plan category Number of securities to be issued upon exercise of outstanding options, warrants and rights (a) Weighted- average exercise price of outstanding options, warrants and rights (b) Number of securities remaining available for futureissuance under equity compensation plans (excluding securities reflected in column (a)) (c) | Equity compensation plans approved by security holders: | Equity compensation plans not approved by security holders: | Total |"}
{"_id": "d81d4e164", "title": "", "text": "Separate Accounts The separate account assets presented in the consolidated financial statements represent the fair market value of funds that are separately administered by us for contracts with equity, real estate and fixed income investments.\nThe separate account contract owner, rather than us, bears the investment risk of these funds.\nThe separate account assets are legally segregated and are not subject to claims that arise out of any of our other business.\nWe receive fees for mortality, withdrawal, and expense risks, as well as administrative, maintenance and investment advisory services that are included in the consolidated statements of operations.\nNet deposits, net investment income and realized and unrealized capital gains and losses on the separate accounts are not reflected in the consolidated statements of operations.\nAt December 31, 2009 and 2008, the separate accounts include a separate account valued at $191.5 million and $207.4 million, respectively, which primarily includes shares of our stock that were allocated and issued to eligible participants of qualified employee benefit plans administered by us as part of the policy credits issued under our 2001 demutualization.\nThese shares are included in both basic and diluted earnings per share calculations.\nIn the consolidated statements of financial position, the separate account shares are recorded at fair value and are reported as separate account assets with a corresponding separate account liability to eligible participants of the qualified plan.\nChanges in fair"}
{"_id": "d893b4650", "title": "", "text": "| Restructuring | (In millions) | Internet | Supply chain | Globalization of organization | Distribution | Total charge | Tax effect | Net charge |"}
{"_id": "d89a46b3a", "title": "", "text": "Reportable Segments Segment results are determined based upon the Companys management reporting system, which assigns balance sheet and statement of operations items to each of the business segments.\nThe process is designed around the Companys organizational and management structure and accordingly, the results derived are not necessarily comparable with similar information published by other financial institutions.\nA description of each reportable segment and table of financial results is presented below: Consumer Banking The Consumer Banking segment focuses on retail customers and small businesses with annual revenues of up to $25 million.\nIt offers traditional banking products and services, including checking, savings, home loans, education loans, credit cards, business loans, and unsecured product finance and personal loans in addition to financial management services.\nIt also operates an indirect auto financing business, providing financing for both new and used vehicles through auto dealerships.\nThe segments distribution channels include a branch network, ATMs and a work force of experienced specialists ranging from financial consultants, mortgage loan officers and business banking officers to private bankers.\nThe Companys Consumer Banking value proposition is based on providing simple, easy to understand product offerings and a convenient banking experience with a more personalized approach.\nCommercial Banking The Commercial Banking segment primarily targets companies with annual revenues from $25 million to $2.5 billion and provides a full complement of financial products and solutions, including loans, leases, trade financing, deposits, cash management, commercial cards, foreign exchange, interest rate risk management, corporate finance and capital markets advisory capabilities.\nIt focuses on middle-market companies, large corporations and institutions and has dedicated teams with industry expertise in government banking, not-for-profit, healthcare, technology, professionals, oil and gas, asset finance, franchise finance, asset-based lending, commercial real estate, private equity and sponsor finance.\nWhile the segments business development efforts are predominantly focused in the Companys footprint, some of its specialized industry businesses also operate selectively on a national basis (such as healthcare, asset finance and franchise finance).\nA key component of Commercial Bankings growth strategy is to bring ideas to clients that help their businesses thrive, and in doing so, expand the loan portfolio and ancillary product sales.\nNon-segment Operations Other Non-segment operations are classified as Other, which includes corporate functions, the Treasury function, the securities portfolio, wholesale funding activities, intangible assets, community development, non-core assets (including legacy Royal Bank of Scotland Group plc aircraft loans and leases placed in runoff in the third quarter of 2016), and other unallocated assets, liabilities, capital, revenues, provision for credit losses and expenses, including income tax expense.\nIn addition to non-segment operations, Other includes goodwill and any associated goodwill impairment charges.\nFor impairment testing purposes, the Company allocates goodwill to its Consumer Banking and Commercial Banking reporting units.\nFor management reporting purposes, the Company presents the goodwill balance (and any related impairment charges) in Other."}
{"_id": "d8a7005b0", "title": "", "text": "Note 3  Acquisition of Petsense: On September 29, 2016, the Company completed the acquisition of Petsense.\nHeadquartered in Scottsdale, Arizona, Petsense is a small-box pet specialty supply retailer focused on meeting the needs of pet owners, primarily in small and mid-size communities, and offering a variety of pet products and services.\nPursuant to the agreement governing the transaction, the Company acquired all the outstanding equity interests in Petsense for an all-cash purchase price which was financed with cash on-hand and revolver borrowings under the 2016 Senior Credit Facility (as defined in Note 5).\nThe total consideration transferred in connection with the Petsense acquisition has been allocated to the assets acquired and liabilities assumed based upon their respective fair values.\nThe fair value of the assets acquired and liabilities assumed is estimated based on either one or a combination of the following methodologies: the income approach, the cost approach or the market approach as determined based on the nature of the asset or liability and the level of inputs available.\nWith respect to assets and liabilities, the determination of fair value requires management to make subjective judgments as to projections of future operating performance, the appropriate discount rate to apply, long-term growth rates, etc.\n(i. e.  unobservable inputs classified as Level 3 inputs under the fair value hierarchy), which affect the amounts recorded in the purchase price allocation.\nThe excess of the consideration transferred over the fair value of the identifiable assets, net of liabilities, is recorded as goodwill, which is indicative of the expected continued growth and development of the pet specialty retail business acquired.\nThe table below summarizes the consideration transferred and allocation of the purchase price for the Petsense acquisition (in thousands):"}
{"_id": "d812de404", "title": "", "text": "Liquidity Our primary sources of cash include receipts of premiums, administrative services fees, investment income, and proceeds from the sale or maturity of our investment securities and from borrowings.\nOur primary uses of cash include disbursements for claims payments, administrative expenses, interest expense, and taxes, purchases of investment securities and capital expenditures and payments on borrowings.\nCash and cash equivalents decreased to $580.1 million at December 31, 2004 from $931.4 million at December 31, 2003.\nThe change in cash and cash equivalents for the years ended December 31, 2004, 2003 and 2002 is summarized as follows:"}
{"_id": "d87920302", "title": "", "text": "| By Remaining Maturity at December 31, | 2007 | Under | Contractual Cash Obligations | (In millions) | Long-term debt (including estimated interest) | Capital lease obligations (including estimated interest) | Operating leases | Fuel purchase and transportation obligations(a) | Total contractual cash obligations |"}
{"_id": "d89477c72", "title": "", "text": "| Millions, Except Estimated UsefulLifeAs of December 31, 2013 Cost$5,120 AccumulatedDepreciation$N/A Net BookValue$5,120 EstimatedUseful LifeN/A | Road: | Rail and other track material | Ties | Ballast | Other roadway [a] | Total road | Equipment: | Locomotives | Freight cars | Work equipment and other | Total equipment | Technology and other | Construction in progress | Total |"}
{"_id": "d81a5d66c", "title": "", "text": "| (Dollars in thousands) 2006 2005 2004 | Gross basis: | Beginning of period reserves | Incurred losses | Paid losses | End of period reserves | Net basis: | Beginning of period reserves | Incurred losses | Paid losses | End of period reserves |"}
{"_id": "d8a3ffc26", "title": "", "text": "| December 31, 2010 December 31, 2009 | Cost | (in millions) | Public Equity | Perpetual preferred stocks-1 | Non-redeemable preferred stocks | Mutual fund common stocks-2 | Other common stocks | Total public equity | Private Equity | Perpetual preferred stocks-1 | Non-redeemable preferred stocks | Common stock | Total private equity-3 | Total equity |"}
{"_id": "d8cd0121e", "title": "", "text": "| Fair Value Weighted Average Amortization Period (in Years) | Intellectual property | Customer relationships | In-process research and development | Backlog | Trademark | Total identifiable intangible assets | Fiscal Years Ended | September 30,2011 | Revenue | Net income | Basic EPS | Diluted EPS |"}
{"_id": "d8dba392a", "title": "", "text": "| Balance at December 31, 2008 $27,132 | Sale of Smith Barney | Sale of Nikko Cordial Securities | Sale of Nikko Asset Management | Foreign exchange translation | Smaller acquisitions/divestitures, purchase accounting adjustments and other | Balance at December 31, 2009 | Foreign exchange translation | Smaller acquisitions/divestitures, purchase accounting adjustments and other | Balance at December 31, 2010 | In millions of dollars | Balance at December 31, 2008 | Goodwill acquired during 2009 | Goodwill disposed of during 2009 | Other-1 | Balance at December 31, 2009 | Goodwill acquired during 2010 | Goodwill disposed of during 2010 | Other-1 | Balance at December 31, 2010 |"}
{"_id": "d89038404", "title": "", "text": "| December 31, | 2010 | Maximum | Carrying | Amount | (In millions) | Fixed maturity securitiesavailable-for-sale: | RMBS -2 | CMBS -2 | ABS -2 | Foreign corporate securities | U.S. corporate securities | Other limited partnership interests | Trading securities | Other invested assets | Mortgage loans | Real estate joint ventures | Equity securitiesavailable-for-sale: | Non-redeemable preferred stock | Total |"}
{"_id": "d8bb92366", "title": "", "text": "| Millions 2015 2014 2013 | Cash provided by operating activities | Cash used in investing activities | Cash used in financing activities | Net change in cash and cash equivalents |"}
{"_id": "d861be2fe", "title": "", "text": "| Claims Activity 2006 2005 2004 | Open claims, beginning balance | New claims | Settled or dismissed claims | Open claims, ending balance at December 31 |"}
{"_id": "d89a9cf26", "title": "", "text": "Item 7A.\nQuantitative and Qualitative Disclosures About Market Risk We manage our exposure to foreign currency exchange rate risk and interest rate risk through various strategies, including the use of derivative financial instruments.\nWe use forward foreign exchange contracts as economic hedges to manage the cash flow volatility arising from foreign currency exchange rate fluctuations.\nWe use interest rate swaps to manage our interest expense and structure our long-term debt portfolio to achieve a mix of fixed rate and floating rate debt.\nWe do not use derivatives for trading or speculative purposes.\nUsing derivatives exposes us to the risk that counterparties to the derivative contracts will fail to meet their contractual obligations.\nWe manage that risk through careful selection and ongoing evaluation of the counterparty financial institutions based on specific minimum credit standards and other factors.\nWe evaluate the effects of changes in foreign currency exchange rates, interest rates and other relevant market risks on our derivatives.\nWe periodically determine the potential loss from market risk on our derivatives by performing a value-at-risk, or VaR, analysis.\nVaR is a statistical model that uses historical currency exchange and interest rate data to measure the potential impact on future earnings of our derivative financial instruments assuming normal market conditions.\nThe VaR model is not intended to represent actual losses but is used as a risk estimation and management tool.\nBased on the results of the model, we estimate with 95% confidence a maximum one-day change in the net fair value of our derivative financial instruments at December 31, 2018 was not significant.\nForeign Currency Exchange Risk Our international operations represent approximately 48% of our revenue.\nChanges in the value of foreign currencies against the U. S.  Dollar affect our results of operations and financial position.\nFor the most part, because the revenue and expenses of our foreign operations are denominated in the same local currency, the economic impact on operating margin is minimized.\nThe effects of foreign currency exchange transactions on our results of operations are discussed in Note 2 to the consolidated financial statements.\nWhile our major international markets include the Euro Zone, the U. K. , Australia, Brazil, Canada, China and Japan, our agencies transact business in more than 50 different currencies.\nAs an integral part of our global treasury operations, we centralize our cash and use multicurrency pools, and to a lesser extent forward foreign exchange contracts, to manage the foreign currency exchange risk that arises from imbalances between subsidiaries and their respective treasury centers from which they borrow or invest funds.\nAt December 31, 2018, there were no outstanding forward foreign exchange contracts and at December 31, 2017, we had outstanding forward foreign exchange contracts with an aggregate notional amount of $92.8 million.\nIn addition, there are circumstances where revenue and expense transactions are not denominated in the same currency.\nIn these instances, amounts are either promptly settled or hedged with forward foreign exchange contracts.\nTo manage that risk, we had outstanding forward foreign exchange contracts with an aggregate notional amount of $86.1 million and $136.3 million at December 31, 2018 and 2017, respectively.\nThe net fair value of the forward foreign contracts at December 31, 2018 and 2017 was a current liability of $0.1 million and a current asset of $0.9 million, respectively."}
{"_id": "d8d72eb74", "title": "", "text": "| 2013 2012 2011 | Net income | Shares used to compute basic net income per share | Dilutive potential common shares: | Unvested restricted stock and performance share awards | Stock options | Shares used to compute diluted net income per share | Basic net income per share | Diluted net income per share |"}
{"_id": "d86489902", "title": "", "text": "Financial Position, Liquidity and Capital Resources The Company continues to maintain a sufficient level of working capital, which was approximately $8.1 billion at December 31, 2008 and $1.7 billion at December 31, 2007.\nIn 2008 and future periods, the Company expects cash generated by its U. S.  operations, together with existing cash, cash equivalents, marketable securities and borrowings from the capital markets, to be sufficient to cover cash needs for working capital, capital expenditures (which the Company expects to include investments in facilities to increase and maintain the Company’s capacity to provide biologics on a commercial scale), strategic alliances and acquisitions, milestone payments and dividends paid in the U. S.  Cash and cash equivalents, marketable securities, the conversion of other working capital items and borrowings are expected to fund near-term operations outside the U. S.  In December 2006, the Company obtained a $2.0 billion five year revolving credit facility from a syndicate of lenders, which is extendable on the anniversary date with the consent of the lenders.\nThis facility contains customary terms and conditions, including a financial covenant whereby the ratio of consolidated debt to consolidated capital cannot exceed 50% at the end of each quarter.\nThe Company has been in compliance with this covenant since the inception of this new facility.\nThere were no borrowings outstanding under the revolving credit facility at December 31, 2008.\nOn February 17, 2009, Mead Johnson entered into a three year syndicated revolving credit facility agreement.\nThe credit facility is unsecured and provides for borrowings and letters of credit of up to $410 million.\nThe company's risk with respect to each investment in CIP is limited to its equity ownership and any uncollected management and performance fees.\nTherefore, the gains or losses of CIP have not had a significant impact on the company's net income attributable to common shareholders, liquidity or capital resources.\nThe company has no right to the benefits from, nor does it bear the risks associated with, these investments, beyond the company's minimal direct investments in, and management and performance fees generated from, the investment products.\nIf the company were to liquidate, these investments would not be available to the general creditors of the company, and as a result, the company does not consider investments held by CIP to be company assets.\nAdditionally, the collateral assets of consolidated collateralized loan obligations (CLOs) are held solely to satisfy the obligations of the CLOs, and the investors in the consolidated CLOs have no recourse to the general credit of the company for the notes issued by the CLOs.\nAt December 31, 2014 , the company's maximum risk of loss in significant VIEs in which the company is not the primary beneficiary is presented in the table below."}
{"_id": "d86760d42", "title": "", "text": "| December 31, | 2008 | Estimated | Fair Value | (In millions) | Residential mortgage-backed securities: | Collateralized mortgage obligations | Pass-through securities | Total residential mortgage-backed securities |"}
{"_id": "d87097b40", "title": "", "text": "Long-term programs.\nLong-term modification programs, or “troubled debt restructurings” (TDRs), occur when the terms of a loan have been modified due to the borrowers’ financial difficulties and a long-term concession has been granted to the borrower.\nSubstantially all programs in place provide permanent interest rate reductions.\nValuation allowances for TDRs are determined by comparing estimated cash flows of the loans discounted at the loans’ original contractual interest rates to the carrying value of the loans.\nSee Note 1 to the Consolidated Financial Statements for a further discussion of the allowance for loan losses for such modified loans.\nThe following table presents the amounts of gross loans related to these TDRs as of December 31, 2009 and 2008:"}
{"_id": "d87e6bf0a", "title": "", "text": "Notes to consolidated financial statements 226 JPMorgan Chase & Co. /2013 Annual Report The following table presents, as of December 31, 2013 and 2012, the gross and net derivative payables by contract and settlement type.\nDerivative payables have been netted on the Consolidated Balance Sheets against derivative receivables to the same counterparty with respect to derivative contracts for which the Firm has obtained an appropriate legal opinion with respect to the master netting agreement.\nWhere such a legal opinion has not been either sought or obtained, the payables are not eligible under U. S.  GAAP for netting against related derivative receivables on the Consolidated Balance Sheets, and are shown separately in the table below."}
{"_id": "d8eed082c", "title": "", "text": "We recognize the expense on these awards in our consolidated statements of operations on a straight-line basis over the three-year measurement period.\nFree Cash Flow Performance-based DSU Awards During 2012, we granted free cash flow performance-based DSU awards to certain members of our executive and operating teams.\nThe attainment of these stock units is based on our achievement of the 2012 annual financial plan performance for Free Cash Flow (FCF).\nFCF is measured over a one-year performance period beginning January 1, 2012 and ending December 31, 2012.\nThe number of performance share units as to which the performance criteria under this program shall be determined to have been satisfied will be in a range of 0% to 150% of the target number of performance share units awarded to the participant.\nIn addition, award recipients must remain employed by us throughout the three-year measurement period to attain the full award.\nWe determined the fair value of the 2012 FCF awards to be approximately $7 million, based on the closing stock price at December 31, 2012 and an achievement of 130% of target payout, which is subject to approval by the Executive Compensation and Human Resources Committee of our Board of Directors.\nThe per unit fair value is $5.73.\nWe recognize the expense on these awards in our consolidated statements of operations over the vesting period which is three years after the date of grant."}
{"_id": "d8f8bc7fa", "title": "", "text": "| Years Ended December 31, 2015/2014 2014/2013 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8b5b91f6", "title": "", "text": "NOTE 19 – NET REVENUES Net revenues are recognized based on the satisfaction of performance obligations under the terms of a contract.\nA performance obligation is a promise in a contract to transfer control of a distinct product or to provide a service, or a bundle of products or services, to a customer, and is the unit of account under ASC 606.\nThe Company has two principal revenue streams, tangible product sales and services.\nApproximately 99% of consolidated Net revenues involve contracts with a single performance obligation, which is the transfer of control of a product or bundle of products to a customer.\nTransfer of control typically occurs when goods are shipped from the Company's facilities or at other predetermined control transfer points (for instance, destination terms).\nNet revenues are measured as the amount of consideration expected to be received in exchange for transferring control of the products and takes into account variable consideration, such as sales incentive programs including discounts and volume rebates.\nThe existence of these programs does not preclude revenue recognition but does require the Company's best estimate of the variable consideration to be made based on expected activity, as these items are reserved for as a deduction to Net revenues over time based on the Company's historical rates of providing these incentives and annual forecasted sales volumes.\nThe Company also offers a standard warranty with most product sales and the value of such warranty is included in the contractual price.\nThe corresponding cost of the warranty obligation is accrued as a liability (see Note 20).\nThe Company's remaining Net revenues involve services, including installation and consulting.\nUnlike the single performance obligation to ship a product or bundle of products, the service revenue stream delays revenue recognition until the service performance obligations are satisfied.\nIn some instances, customer acceptance provisions are included in sales arrangements to give the buyer the ability to ensure the service meets the criteria established in the order.\nIn these instances, revenue recognition is deferred until the performance obligations are satisfied, which could include acceptance terms specified in the arrangement being fulfilled through customer acceptance or a demonstration that established criteria have been satisfied.\nDuring the year ended December 31, 2018, no adjustments related to performance obligations satisfied in previous periods were recorded.\nUpon adoption of ASC 606, the Company used the practical expedients to omit the disclosure of remaining performance obligations for contracts with an original expected duration of one year or less and for contracts where the Company has the right to invoice for performance completed to date.\nThe transaction price is not adjusted for the effects of a significant financing component, as the time period between control transfer of goods and services is less than one year.\nSales, value-added and other similar taxes collected by the Company are excluded from Net revenues.\nThe Company has also elected to account for shipping and handling activities that occur after control of the related goods transfers as fulfillment activities instead of performance obligations.\nThese activities are included in Cost of goods sold in the Consolidated Statements of Comprehensive Income.\nThe Company’s payment terms are generally consistent with the industries in which their businesses operate.\nThe following table shows the Company's Net revenues for the years ended December 31, based on the two principal revenue streams, tangible product sales and services, disaggregated by business segment.\nNet revenues are shown by tangible product sales and services, as contract terms, conditions and economic factors affecting the nature, amount, timing and uncertainty around revenue recognition and cash flows are substantially similar within each of the two principal revenue streams:"}
{"_id": "d8c6a6fae", "title": "", "text": "| December 31, 2010 | Fair Value Measurements at Reporting Date Using | Quoted Prices in | Active Markets for | Identical Assets | and Liabilities | (Level 1) | (In millions) | Assets | Fixed maturity securities: | U.S. corporate securities | Foreign corporate securities | RMBS | Foreign government securities | U.S. Treasury, agency and government guaranteed securities | CMBS | ABS | State and political subdivision securities | Other fixed maturity securities | Total fixed maturity securities | Equity securities: | Common stock | Non-redeemable preferred stock | Total equity securities | Trading and other securities: | Actively Traded Securities | FVO general account securities | FVO contractholder-directed unit-linked investments | FVO securities held by consolidated securitization entities | Total trading and other securities | Short-term investments -1 | Mortgage loans: | Mortgage loans held by consolidated securitization entities | Mortgage loansheld-for-sale-2 | Total mortgage loans | MSRs -3 | Other invested assets — investment funds | Derivative assets: -4 | Interest rate contracts | Foreign currency contracts | Credit contracts | Equity market contracts | Total derivative assets | Net embedded derivatives within asset host contracts -5 | Separate account assets -6 | Total assets |"}
{"_id": "d87c6540e", "title": "", "text": "| Year ended December 31 | Dollars in millions, except per share data | Summary of Operations | Interest income | Interest expense | Net interest income | Noninterest income | Total revenue | Provision for credit losses | Noninterest expense | Income before income taxes and noncontrolling interests | Income taxes | Net income | Less: Net income attributable to noncontrolling interests | Preferred stock dividends | Preferred stock discount accretion and redemptions | Net income attributable to common shareholders | Per Common Share | Basic earnings | Diluted earnings | Book value | Cash dividends declared | Effective tax rate(a) (b) | Performance Ratios | Net interest margin (c) | Noninterest income to total revenue | Efficiency | Return on: | Average common shareholders' equity (b) | Average assets (b) |"}
{"_id": "d8c6a6f18", "title": "", "text": "| 2013 Change 2012 Change 2011 | Research and development | Percentage of total net sales | Selling, general and administrative | Percentage of total net sales | Total operating expenses | Percentage of total net sales |"}
{"_id": "d875c5022", "title": "", "text": "Sales and Service Revenues 2011—Newport News revenues remained stable at $3,766 million in 2011 compared to $3,775 million in 2010.\nLower revenues in Aircraft Carriers and Fleet Support were offset by higher revenues in Submarines.\nThe decrease in Aircraft Carriers revenues was primarily due to lower revenues on the CVN-71 USS Theodore Roosevelt RCOH, the CVN-65 USS Enterprise Extended Drydocking Selected Restricted Availability (\nEDSRA\n), and the Post Shakedown Availability (\nPSA\n) for CVN-77 USS George H. W.  Bush.\nThese decreases in Aircraft Carriers revenues were partially offset by higher revenues on CVN-78 Gerald R.  Ford, the advance construction contract for CVN-79 John F.  Kennedy, and the advance planning contract for CVN-72 USS Abraham Lincoln RCOH.\nThe decrease in Fleet Support revenues was primarily driven by lower activity in the San Diego fleet maintenance market.\nThe increase in Submarines revenues was primarily due to higher revenues on the construction of SSN-774 Virginia-class submarines.2010—Newport News revenues increased $241 million, or 7%, from 2009, primarily driven by $148 million higher sales in Aircraft Carriers and $108 million higher sales in Submarines.\nThe increase in Aircraft Carriers was primarily due to higher sales volume on CVN-78 Gerald R.  Ford and CVN-71 USS Theodore Roosevelt RCOH, partially offset by lower volume in 2010 on CVN-77 USS George H. W.  Bush and CVN-70 USS Carl Vinson RCOH, both of which were completed in the second quarter of 2009.\nThe increase in Submarines was primarily due to higher sales volume on the construction of SSN-774 Virginia-class submarines.\nSegment Operating Income (Loss) 2011—Newport News operating income was $342 million compared to $355 million in 2010.\nThe decrease was primarily due to higher revenues on lower margin programs and risk retirement on the CVN-70 USS Carl Vinson and the CVN-77 USS George H. W.  Bush that occurred in 2010, partially offset by risk retirement on the SSN-774 Virginia-class submarine program in 2011.2010—Newport News operating income was $355 million compared with $313 million in 2009.\nThe increase was primarily due to the impact of the sales volume changes described above, improved operating performance on Aircraft Carriers, and higher earnings from our equity method investments, which totaled $19 million and $10 million in 2010 and 2009, respectively.\nSee Note 11: Business Arrangements in Item 8.\nBACKLOG Total backlog at December 31, 2011, was approximately $16.3 billion.\nTotal backlog includes both funded backlog, firm orders for which funding is contractually obligated by the customer, and unfunded backlog, firm orders for which funding is not currently contractually obligated by the customer.\nBacklog excludes unexercised contract options and unfunded Indefinite Delivery/Indefinite Quantity (\nIDIQ\n) orders.\nFor contracts having no stated contract values, backlog includes only the amounts committed by the customer.\nThe following table presents funded and unfunded backlog by segment at December 31, 2011 and 2010:"}
{"_id": "d86d9fdf2", "title": "", "text": "Technology Products and Services.\nTechnology products and services revenues increased by $1.2 million or 14.3% to $9.8 million for the year ended December 31, 2009 from $8.6 million for the year ended December 31, 2008.\nThe increase was primarily a result of technology integration consulting services."}
{"_id": "d8a65c5f0", "title": "", "text": "| Fiscal 2009 Fiscal 2008 FY09 vs. FY08 % Change Fiscal 2007 FY08 vs. FY07 % Change | (In millions) | Revenues | Footwear | Apparel | Equipment | Total Revenues | Pre-tax Income |"}
{"_id": "d86c1158a", "title": "", "text": "| Year Ended December 31, | 2014 | (In $ millions) | Employee termination benefits (Note 4) | Kelsterbach plant relocation (Note 28) | Plumbing actions | Asset impairments | Plant/office closures (Note 4) | Commercial disputes | Other | Total |"}
{"_id": "d8c1da5d4", "title": "", "text": "During 2015, the Company fully repaid $750 million of 1.375% notes at maturity.\nIn May 2015, the Company issued Long-Term Borrowings.\nThe carrying value of long-term borrowings at December 31, 2015 included the following"}
{"_id": "d89ba8316", "title": "", "text": "| (Millions) 2010 2009 2008 | Interest income | Royalty income | Share of net earnings (loss) of equity affiliates (See Note 6) | Gain on sale of assets | Other | Total |"}
{"_id": "d886342d2", "title": "", "text": "| (in millions) December 31, 2009 December 31, 2010 February 16, 2011 | Regulatory capital | Arbitrage – multi-sector CDO | Arbitrage – corporate | Total |"}
{"_id": "d86773cee", "title": "", "text": "Risk and Insurance Program Our business is subject to all of the operating risks normally associated with the exploration, production, gathering, processing and transportation of crude oil and natural gas, including hurricanes, blowouts, well cratering and fire, any of which could result in damage to, or destruction of, oil and natural gas wells or formations or production facilities and other property and injury to persons.\nAs protection against financial loss resulting from many, but not all of these operating hazards, we maintain insurance coverage, including certain physical damage, business interruption (loss of production), employers liability, comprehensive general liability and workers compensation insurance.\nWe maintain insurance at levels that we believe are appropriate and consistent with industry practice and we regularly review our potential risks of loss and the cost and availability of insurance and revise our insurance program accordingly.\nFor example, in certain international locations (including Israel and Equatorial Guinea) we carry business interruption insurance for loss of revenue arising from physical damage to our facilities caused by fire and natural disasters.\nThe coverage is subject to customary deductibles, waiting periods and recovery limits.\nIn the Gulf of Mexico, we have begun self-insuring for windstorm exposure.\nWe made this decision because recent abandonment activities on the Gulf of Mexico shelf significantly reduced our windstorm exposure, as our remaining Gulf of Mexico assets are primarily subsea operations.\nIn addition, the cost of windstorm insurance has recently increased while the amounts of coverage have been reduced.\nTherefore, we believe it is more cost-effective for us to self-insure these assets.\nHowever, we are now responsible for substantially all windstorm-related damages to our Gulf of Mexico assets.\nIn accordance with industry practice, oil and gas well owners generally indemnify drilling rig contractors against certain risks, such as those arising from property and environmental losses, pollution from sources such as oil spills, or contamination resulting from well blowout or fire or other uncontrolled flow of hydrocarbons.\nMost of our domestic and international drilling contracts contain such indemnification clauses.\nIn addition, oil and gas well owners typically assume all costs of well control in the event of an uncontrolled well.\nWe currently carry insurance protection for our net share of any potential financial losses occurring as a result of events such as the Deepwater Horizon Incident.\nThis protection consists of $250 million of well control, pollution cleanup and consequential damages coverage and $251 million of additional pollution cleanup and consequential damages coverage, which also covers third party personal injury and death.\nConsequently if we were to experience an accident similar to the Deepwater Horizon"}
{"_id": "d8669061a", "title": "", "text": "| Period SharesPurchased(a) AveragePricePaid PerShare SharesPurchasedas Part ofPubliclyAnnouncedPlans orPrograms MaximumShares thatMay BePurchasedUnder thePlans orPrograms | October 2008 | November 2008 | December 2008 | Total |"}
{"_id": "d89337d30", "title": "", "text": "Gas Operations Gas Facilities O&Rs capitalized costs for utility plant, net of accumulated depreciation for gas facilities, which are primarily distribution"}
{"_id": "d87914002", "title": "", "text": "Notes to the Financial Statements  Continued In July 2012, Con Edison Development purchased a company that is developing 70 MW (AC) of solar energy projects in Alpaugh, California (Alpaugh).\nElectricity generated by the projects is to be purchased by Pacific Gas and Electric Company pursuant to long-term power purchase agreements (PPA).\nAlpaugh was purchased for $288 million, including contingent consideration of $2 million and $4 million in deposits relating to the PPA and interconnection agreements.\nThe total cost to acquire and construct these projects was $340 million.\nAlpaugh commenced commercial operation in December 2012.\nIn October 2012, Con Edison Development purchased two companies that are developing 40 MW (AC) of solar energy projects in Tulare and Kings County, California.\nElectricity generated by the projects is to be purchased by Pacific Gas and Electric Company pursuant to long-term PPAs.\nThe projects were purchased for approximately $51 million, of which $39 million has been allocated to construction work in progress and $12 million to deposits relating to the PPA and interconnection agreements.\nThe total cost to acquire and construct these projects is estimated to be $200 million."}
{"_id": "d8880b600", "title": "", "text": "(1) These amounts represent the principal repayments of Long-term debt and are included on our Consolidated Balance Sheets.\nAs of June 30, 2010, we had $324.1 million of outstanding debt consisting of $200.0 million of a term loan facility and $124.1 million in Senior Notes.\nSee Note 11, Borrowings to our Financial Statements under Item 8 of Part II of this Annual Report on Form 10-K for additional information about our Borrowings and related matters.\nExcludes future cash payments related to interest expense as the term loan facility is variable rate and the interest payments will ultimately be determined by the rates in effect during each period.\n(2) Included in these amounts are various facilities and equipment leases and software license agreements.\nWe enter into operating leases in the normal course of business relating to facilities and equipment, as well as the licensing of software.\nThe majority of our lease agreements have fixed payment terms based on the passage of time.\nCertain facility and equipment leases require payment of maintenance and real estate taxes and contain escalation provisions based on future adjustments in price indices.\nOur future operating lease obligations could change if we exit certain contracts and if we enter into additional operating lease agreements.\n(3) Purchase obligations primarily relate to payments to ADP related to a data center outsourcing services agreement that expires in fiscal year 2012, payments to IBM related to the IT Services Agreement entered into in March 2010 that expires October 2021, and purchase and maintenance agreements on our software, equipment and other assets.\nADP provides the Company with data center services under a data center outsourcing services agreement which expires on June 30, 2012.\nAmong the principal services provided by ADP are information technology services and service delivery network services.\nFor the fiscal years ended June 30, 2010, 2009 and 2008, the Company recorded expenses related to this agreement of $104.8 million, $102.8 million and $107.0 million, respectively, in the Consolidated Statements of Earnings.\nOther Commercial Commitments The Company has a five-year revolving credit facility that expires in March 2012 that has an available capacity of $500.0 million.\nAs of June 30, 2010, no amounts were outstanding under this credit facility.\nIn addition, immediately before the separation from ADP, certain of the Companys foreign subsidiaries established unsecured, uncommitted lines of credit with banks.\nThese lines of credit bear interest at a rate equal to LIBOR plus 250 basis points.\nThere were no outstanding borrowings under these lines of credit at June 30, 2010."}
{"_id": "d8a53190a", "title": "", "text": "| December 31 | (Dollars in millions) | Consumer | Residential mortgage-2 | Home equity | Discontinued real estate-3 | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer-4 | Other consumer-5 | Total consumer loans | Consumer loans accounted for under the fair value option-6 | Total consumer | Commercial | U.S. commercial-7 | Commercial real estate-8 | Commercial lease financing | Non-U.S. commercial | Total commercial loans | Commercial loans accounted for under the fair value option-6 | Total commercial | Total loans and leases |"}
{"_id": "d87d042c0", "title": "", "text": "| State Number of   Locations-1 | California | Texas | Florida | Georgia, New York | New Jersey | Illinois, Massachusetts | Alabama, Arizona, Minnesota, North Carolina | Other |"}
{"_id": "d8199c8b8", "title": "", "text": "Aeronautics’ operating profit for 2012 increased $69 million, or 4%, compared to 2011.\nThe increase was attributable to higher operating profit of approximately $105 million from C-130 programs due to an increase in risk retirements; about $50 million from F-16 programs due to higher aircraft deliveries partially offset by a decline in risk retirements; approximately $50 million from F-35 production contracts due to increased production volume and risk retirements; and about $50 million from the completion of purchased intangible asset amortization on certain F-16 contracts.\nPartially offsetting the increases was lower operating profit of about $90 million from the F-35 development contract primarily due to the inception-to-date effect of reducing the profit booking rate in the second quarter of 2012; approximately $50 million from decreased production volume and risk retirements on the F-22 program partially offset by a resolution of a contractual matter in the second quarter of 2012; and approximately $45 million primarily due to a decrease in risk retirements on other sustainment activities partially offset by various other Aeronautics programs due to increased risk retirements and volume.\nOperating profit for C-5 programs was comparable to 2011.\nAdjustments not related to volume, including net profit booking rate adjustments and other matters described above, were approximately $30 million lower for 2012 compared to 2011.\nBacklog Backlog decreased in 2013 compared to 2012 mainly due to lower orders on F-16, C-5, and C-130 programs, partially offset by higher orders on the F-35 program.\nBacklog decreased in 2012 compared to 2011 mainly due to lower orders on F-35 and C-130 programs, partially offset by higher orders on F-16 programs.\nTrends We expect Aeronautics’ net sales to increase in 2014 in the mid-single digit percentage range as compared to 2013 primarily due to an increase in net sales from F-35 production contracts.\nOperating profit is expected to increase slightly from 2013, resulting in a slight decrease in operating margins between the years due to program mix."}
{"_id": "d869b4d32", "title": "", "text": "| September 30, | 2011 | (In millions) | Other mortgage loans | Real estate owned | $43.7 | September 30, | 2011 | (In millions) | Loss reserves related to: | Other mortgage loans | Real estate owned | Loan repurchase and settlement obligations — known and expected | $33.0 |"}
{"_id": "d895ad128", "title": "", "text": "| Assumptions Pension OPEB | Discount rate | Expected return on plan assets | Compensation increase | Health care cost trend rate: | Pre-65 current | Pre-65 level in 2028 |"}
{"_id": "d8c7e0a5a", "title": "", "text": "| Ratio of Earnings to Fixed Charges | 2008 | Con Edison | CECONY |"}
{"_id": "d8e4b3614", "title": "", "text": "| PriceRange | 2005 | Quarterended March 31,2005 | Quarter endedJune 30,2005 | Quarter endedSeptember 30, 2005 | Quarter endedDecember 31,2005 |"}
{"_id": "d8d20b8fe", "title": "", "text": "Gas O&R’s results of gas operations for the year ended December 31, 2018 compared with the year ended December 31, 2017 were as follows:"}
{"_id": "d87e8c66a", "title": "", "text": "CHANGE IN PLAN ASSETS\n(1) Primarily non-U.\nS. -based defined benefit retirement plans.\n(2) Primarily U. S. -based other postretirement benefit plans.\n(3) For the pension benefit plans, the benefit obligation is the projected benefit obligation.\nFor other retiree benefit plans, the benefit obligation is the accumulated postretirement benefit obligation.\n(4) Represents the net impact of ESOP debt service requirements, which is netted against plan assets for other retiree benefits."}
{"_id": "d885a0726", "title": "", "text": "Long-Term Incentive Compensation Entergy Corporations goal for its long-term incentive compensation is to focus the executive officers on building shareholder value and to increase the executive officers ownership of Entergy Corporations common stock in order to more closely align their interest with those of Entergy Corporations shareholders.\nIn its long-term incentive compensation programs, Entergy Corporation uses a mix of performance units, restricted stock, and stock options.\nPerformance units are used to deliver more than a majority of the total target long-term incentive awards.\nFor periods through the end of 2017, performance units reward the Named Executive Officers on the basis of total shareholder return, which is a measure of stock price appreciation and dividend payments, in relation to the companies in the Philadelphia Utility Index.\nBeginning with the 2018-2020 performance period, a cumulative utility earnings metric has been added to the Long-Term Performance Unit Program to supplement the relative total shareholder return measure that historically has been used in this program with each measure equally weighted.\nRestricted stock ties the executive officers long-term financial interest to the long-term financial interests of Entergy Corporations shareholders.\nStock options provide a direct incentive to increase the value of Entergy Corporations common stock.\nIn general, Entergy Corporation seeks to allocate the total value of long-term incentive compensation 60% to performance units and 40% to a combination of stock options and restricted stock, equally divided in value, based on the value the compensation model seeks to deliver.\nAwards for individual Named Executive Officers may vary from this target as a result of individual performance, promotions, and internal pay equity.\nThe performance units for the 2015-2017 performance period were awarded under the 2011 Equity Ownership Plan and Long-Term Cash Incentive Plan (the 2011 Equity Ownership Plan) and the performance units for the"}
{"_id": "d897bc860", "title": "", "text": "| Years Ended December 31, | (Dollars in thousands) | Interest expense incurred |"}
{"_id": "d8af8a7c6", "title": "", "text": "| Unrecognized Tax Benefits 2016 2015 2014 | Balance at beginning of year | Additions for tax positions of the current year | Additions for tax positions of prior years | Reductions for tax positions of prior years | Settlements | Statute of limitations expiration | Foreign currency translation | Balance at End of Year |"}
{"_id": "d88cba9e4", "title": "", "text": "| Properties subject to amortization $13,829 | Accumulated amortization | $12,472 |"}
{"_id": "d8e9eb834", "title": "", "text": "Item 1B.\nUnresolved Staff Comments.\nNone.\nItem 2.\nProperties.\nWe have offices in various locations throughout the world.\nSubstantially all of our offices are located in leased premises.\nWe maintain our corporate headquarters at 8 Devonshire Square, London, England, where we occupy approximately 225,000 square feet of space under an operating lease agreement that expires in 2018.\nWe own one building at Pallbergweg 2-4, Amsterdam, the Netherlands (150,000 square feet).\nThe following are additional significant leased properties, along with the occupied square footage and expiration."}
{"_id": "d897fc9ba", "title": "", "text": "| For the year ended December 31, | 2010 | (in millions) | Current income taxes: | U.S. federal | State and foreign | Total current income taxes | Deferred income taxes | Total income taxes (benefits) |"}
{"_id": "d87208146", "title": "", "text": "| (in millions) Operating Leases Purchase Obligations Other Long-Term Liabilities Total-1 | Year | 2011 | 2012-2013 | 2014-2015 | Thereafter | Total |"}
{"_id": "d817d47ce", "title": "", "text": "| Year ended December 31, | In millions of dollars | Amount of gain (loss) recognized in AOCI on derivative | Interest rate contracts-1 | Foreign exchange contracts | Total gain (loss) recognized in AOCI | Amount of gain (loss) reclassified from AOCI to earnings | Interest rate contracts-1 | Foreign exchange contracts | Total gain (loss) reclassified from AOCI into earnings |"}
{"_id": "d8e37eb72", "title": "", "text": "| September 2010 September 2011 September 2012 September 2013 September 2014 September 2015 | Apple Inc. | S&P 500 Index | S&P Information Technology Index | Dow Jones U.S. Technology Supersector Index |"}
{"_id": "d88df29d8", "title": "", "text": "We recognize interest and penalties related to unrecognized tax benefits as part of income tax expense in the Consolidated Statements of Operations, which is consistent with prior reporting periods.\nAs of December?31, 2018, four tax years were subject to audit by the IRS, covering the years 2015 through 2018.\nIn 2017, the IRS examined our 2015 tax returns for a U. S.  non-consolidated filing entity, L&P Financial Services Co. , and the audit concluded with no adjustments.\nThere are no current IRS examinations in process, nor are we aware of any forthcoming."}
{"_id": "d8cd63d60", "title": "", "text": "| Sites Corporate BD Life Sciences BD Medical BD Interventional Mixed(a) Total | Leased | Owned | Total | Square feet |"}
{"_id": "d8d4e177c", "title": "", "text": "and other costs incurred for the continued expansion of our factory house stores.  ?\nProduct innovation and supply chain costs increased $25.0 million to $96.8 million in 2010 from $71.8 million in 2009 primarily due to higher personnel costs for the design and sourcing of our expanding apparel, footwear and accessories lines and higher distribution facilities operating and personnel costs as compared to the prior year to support our growth in net revenues.\nIn addition, we incurred higher expenses for our performance incentive plan as compared to the prior year.\nAs a percentage of net revenues, product innovation and supply chain costs increased to 9.1% in 2010 from 8.4% in 2009 primarily due to the items noted above.  ?\nCorporate services costs increased $24.0 million to $98.6 million in 2010 from $74.6 million in 2009.\nThis increase was attributable primarily to higher corporate facility costs, information technology initiatives and corporate personnel costs, including increased expenses for our performance incentive plan as compared to the prior year.\nAs a percentage of net revenues, corporate services costs increased to 9.3% in 2010 from 8.7% in 2009 primarily due to the items noted above.\nIncome from operations increased $27.1 million, or 31.8%, to $112.4 million in 2010 from $85.3 million in 2009.\nIncome from operations as a percentage of net revenues increased to 10.6% in 2010 from 10.0% in 2009.\nThis increase was a result of the items discussed above.\nInterest expense, net remained unchanged at $2.3 million in 2010 and 2009.\nOther expense, net increased $0.7 million to $1.2 million in 2010 from $0.5 million in 2009.\nThe increase in 2010 was due to higher net losses on the combined foreign currency exchange rate changes on transactions denominated in the Euro and Canadian dollar and our derivative financial instruments as compared to 2009.\nProvision for income taxes increased $4.8 million to $40.4 million in 2010 from $35.6 million in 2009.\nOur effective tax rate was 37.1% in 2010 compared to 43.2% in 2009, primarily due to tax planning strategies and federal and state tax credits reducing the effective tax rate, partially offset by a valuation allowance recorded against our foreign net operating loss carryforward.\nSegment Results of Operations Year Ended December 31, 2011 Compared to Year Ended December 31, 2010 Net revenues by geographic region are summarized below:"}
{"_id": "d8bd86c6c", "title": "", "text": "STATE STREET CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) model, an entity would recognize revenue that represents the transfer of promised goods or services to clients in an amount that reflects the consideration to which the entity expects to be entitled in exchange for those goods or services.\nThe amendment supersedes most current GAAP related to revenue recognition, including industry-specific guidance.\nThe amendment is effective for State Street beginning on January 1, 2017, and must be applied retrospectively.\nEarly adoption is prohibited.\nWe are currently assessing the potential impact of this amendment on our consolidated financial statements.\nIn April 2014, the FASB issued an amendment to GAAP that revises the criteria for the treatment and disclosure of discontinued operations.\nThe amendment allows entities to have significant continuing involvement and continuing cash flows with the discontinued operation, but requires additional disclosure for discontinued operations and disclosure for disposals deemed to be material that do not meet the definition of a discontinued operation.\nThe presentation and disclosure requirements are effective for State Street beginning on January 1, 2015, and are required to be applied prospectively to discontinued operations occurring after that date.\nWe did not have any transactions that qualified as discontinued operations during the periods presented in our consolidated financial statements.\nIn January 2014, the FASB issued an amendment to GAAP that allows an investor in an affordable housing project, if the project meets certain defined conditions, to amortize the cost of their investment in proportion to the tax credits and other tax benefits they receive, and reflect it as part of income tax expense rather than as revenue from operations.\nThe amendment is effective, for State Street, for interim and annual periods beginning January 1, 2015, and will not have a material effect on our consolidated financial statements."}
{"_id": "d8d28a00a", "title": "", "text": "Market Risk Management Market risk is the risk that values of assets and liabilities or revenues will be adversely affected by changes in market conditions such as market movements.\nThis risk is inherent in the financial instruments associated with our operations and/or activities including loans, deposits, securities, short-term borrowings, long-term debt, trading account assets and liabilities, and derivatives.\nMarket-sensitive assets and liabilities are generated through loans and deposits associated with our traditional banking business, customer and other trading operations, ALM process, credit risk mitigation activities and mortgage banking activities.\nIn the event of market volatility, factors such as underlying market movements and liquidity have an impact on the results of the Corporation.\nOur traditional banking loan and deposit products are nontrading positions and are generally reported at amortized cost for assets or the amount owed for liabilities (historical cost).\nHowever, these positions are still subject to changes in economic value based on varying market conditions, primarily changes in the levels of interest rates.\nThe risk of adverse changes in the economic value of our nontrading positions is managed through our ALM activities.\nWe have elected to account for certain assets and liabilities under the fair value option.\nFor further information on the fair value of certain financial assets and liabilities, see Note 20  Fair Value Measurements to the Consolidated Financial Statements.\nOur trading positions are reported at fair value with changes currently reflected in income.\nTrading positions are subject to various risk factors, which include exposures to interest rates and foreign exchange rates, as well as mortgage, equity, commodity, issuer and market liquidity risk factors.\nWe seek to mitigate these risk exposures by using techniques that encompass a variety of financial instruments in both the cash and derivatives markets.\nThe following discusses the key risk components along with respective risk mitigation techniques.\nInterest Rate Risk Interest rate risk represents exposures to instruments whose values vary with the level or volatility of interest rates.\nThese instruments include, but are not limited to, loans, debt securities, certain trading-related assets and liabilities, deposits, borrowings and derivative instruments.\nHedging instruments used to mitigate these risks include related derivatives such as options, futures, forwards and swaps.\nForeign Exchange Risk Foreign exchange risk represents exposures to changes in the values of current holdings and future cash flows denominated in other currencies.\nThe types of instruments exposed to this risk include investments in foreign subsidiaries, foreign currency-denominated loans and securities, future cash flows in foreign currencies arising from foreign exchange transactions, foreign currency-denominated debt and various foreign exchange derivative instruments whose values fluctuate with changes in the level or volatility of currency exchange rates or foreign interest rates.\nHedging instruments used to mitigate this risk include foreign exchange options, currency swaps, futures, forwards, foreign currency- denominated debt and deposits."}
{"_id": "d89348c48", "title": "", "text": "Operating Expenses"}
{"_id": "d813a41c2", "title": "", "text": "| JPMorgan Chase Bank, N.A. | Basel III Standardized Transitional | (in millions,except ratios) | Regulatory capital | CET1 capital | Tier 1 capital(a) | Total capital | Assets | Risk-weighted | Adjusted average(b) | Capital ratios(c) | CET1 | Tier 1(a) | Total | Tier 1 leverage(d) |"}
{"_id": "d88a9c374", "title": "", "text": "| 2004 2003 2002 | Investment yield, after-tax | Net realized capital gains (losses), after-tax |"}
{"_id": "d8924d550", "title": "", "text": "Commercial Banking net income increased $28.2 million in 2012 compared to 2011.\nThe $27.1 million increase in net interest income primarily reflects continued loan growth, improved spreads on commercial loans and certain commercial deposits, and the benefit from the change in FTP methodology discussed previously, partially offset by the continued negative impact of the low interest rate environment.\nThe $7.3 million increase in non-interest income in 2012 reflects increases in commercial banking fees and operating lease income resulting from a higher level of equipment leased to PCLC customers.\nIncluded in non-interest income in 2012 and 2011 are net gains on sales of acquired loans totaling $1.0 million and $7.5 million, respectively.\nThe $9.2 million decrease in non-interest expense reflects a lower level of allocated expenses in 2012 compared to 2011, partially offset by an increase in direct expenses.\nAverage total assets increased $1.3 billion and average total liabilities increased $322 million in 2012 compared to 2011, reflecting loan and deposit growth, as well as loans acquired and deposits assumed in the Danvers acquisition (effective July 1, 2011)."}
{"_id": "d811438e2", "title": "", "text": "Revenues N&SS revenues decreased 1% in 2008 and 2% in 2007.\nThe decrease of $137 million in 2008 is primarily due to decreased revenues in FCS, Proprietary and satellite programs partially offset by increased revenues in the SBInet program.\nThe decrease of $292 million in 2007 was primarily due to the exclusion of government Delta volume, now a component of our equity investment in ULA and lower FCS volume, partially offset by increased volume on SBInet and several satellite programs.\nDelta launch and new-build satellite deliveries were as follows:"}
{"_id": "d898dd8ac", "title": "", "text": "(3) Purchase obligations are defined as agreements to purchase goods and services that are enforceable and legally binding on us, and that specifies all significant terms, including what is to be purchased, at what price and the approximate timing of the transaction.\nMost of our purchase obligations are related to purchases of information technology services or other service contracts."}
{"_id": "d89ec4a40", "title": "", "text": "The FASB issued Statement of Financial Accounting Standards No.150 “Accounting for Certain Financial Instruments with Characteristics of both Liabilities and Equity” on May 30, 2003.\nThe adoption of this Statement, effective July 1, 2003, did not have a material effect on Marathon’s financial position or results of operations."}
{"_id": "d8630ab80", "title": "", "text": "| (Dollars in millions) 2017 2016 2015 2014 2013 | Allowance for loan and lease losses, January 1 | Loans and leases charged off | Residential mortgage | Home equity | U.S. credit card | Non-U.S. credit card-1 | Direct/Indirect consumer | Other consumer | Total consumer charge-offs | U.S. commercial-2 | Non-U.S. commercial | Commercial real estate | Commercial lease financing | Total commercial charge-offs | Total loans and leases charged off | Recoveries of loans and leases previously charged off | Residential mortgage | Home equity | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer recoveries | U.S. commercial-3 | Non-U.S. commercial | Commercial real estate | Commercial lease financing | Total commercial recoveries | Total recoveries of loans and leases previously charged off | Net charge-offs | Write-offs of PCI loans | Provision for loan and lease losses | Other-4 | Total allowance for loan and lease losses, December 31 | Less: Allowance included in assets of business held for sale-5 | Allowance for loan and lease losses, December 31 | Reserve for unfunded lending commitments, January 1 | Provision for unfunded lending commitments | Other-4 | Reserve for unfunded lending commitments, December 31 | Allowance for credit losses, December 31 |"}
{"_id": "d87eff408", "title": "", "text": "| As of February 24, 2014 Moody’s Standard and Poor’s Fitch DBRS | Fifth Third Bancorp: | Short-term | Senior debt | Subordinated debt | Fifth Third Bank: | Short-term | Long-term deposit | Senior debt | Subordinated debt |"}
{"_id": "d8b8a59c8", "title": "", "text": "Gross profit decreased $64.8 million, or 13.2%, for the year ended December 31, 2009 from the year ended December 31, 2008.\nGross profit as a percentage of net sales decreased from 20.8% of net sales in the year ended December 31, 2008 to 19.9% of net sales in the year ended December 31, 2009 primarily due to the decreases of sales prices and volume described previously.\nSelling and administrative expenses were essentially unchanged, up 0.1%, for the year ended December 31, 2009 from the year ended December 31, 2008.\nCorporate overhead for the year ended December 31, 2009 decreased $6.5 million, or 10.6%, from the year ended December 31, 2008.\nThe decrease was primarily attributable to lower salary and fringe benefit expenses ($5.9 million) and other items which were individually insignificant.\nOther expense, net, decreased $0.7 million, or 4.7% for the year ended December 31, 2009 compared to the year ended December 31, 2008.\nThe decrease was primarily due to lower legal related costs ($1.6 million), partially offset by increased fixed asset disposal costs ($0.8 million).\nInterest Expense, Net and Income Taxes Interest expense, net of interest income, increased by $3.8 million, or 12.0%, for the year ended December 31, 2009 compared to the year ended December 31, 2008, due to lower interest rates on our investments, which reduced interest income by $5.0 million in 2009 compared to 2008.\nPCA’s total effective tax rate was 16.1% for the year ended December 31, 2009 and 35.5% for the year ended December 31, 2008.\nThe effective tax rate in 2009 varies from the U. S.  federal statutory tax rate of 35.0% principally due to the impact of the alternative fuel mixture tax credit, state and local income taxes and the domestic manufacturers’ deduction.\nPCA had no material changes to its uncertain tax positions under ASC 740, “Income Taxes,” in 2009.\nYear Ended December 31, 2008 Compared to Year Ended December 31, 2007 The historical results of operations of PCA for the years ended December 31, 2008 and 2007 are set forth below:"}
{"_id": "d8b804f64", "title": "", "text": "| December 31, 2005 2004 | Deferred tax assets: | Net operating loss carryforward | Other | Total gross deferred tax assets | Less: valuation allowance | Net deferred tax assets | Deferred tax liabilities: | Investment in Charter Holdco | Indirect Corporate Subsidiaries: | Property, plant & equipment | Franchises | Gross deferred tax liabilities | Net deferred tax liabilities |"}
{"_id": "d8ddd93c0", "title": "", "text": "| 2015 period Total sharespurchased (a) Averagepricepaid pershare Total sharespurchased aspartofpubliclyannouncedprograms (b) Maximumnumberofshares thatmay yet bepurchasedunder theprograms (b) | October 1 – 31 | November 1 – 30 | December 1 – 31 | Total |"}
{"_id": "d8b569138", "title": "", "text": "U. S.  equity securities and international equity securities categorized as Level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year.\nFor U. S.  equity securities and international equity securities not traded on an active exchange, or if the closing price is not available, the trustee obtains indicative quotes from a pricing vendor, broker or investment manager.\nThese securities are categorized as Level 2 if the custodian obtains corroborated quotes from a pricing vendor or categorized as Level 3 if the custodian obtains uncorroborated quotes from a broker or investment manager.\nCommingled equity funds categorized as Level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year.\nFor commingled equity funds not traded on an active exchange, or if the closing price is not available, the trustee obtains indicative quotes from a pricing vendor, broker or investment manager.\nThese securities are categorized as Level 2 if the custodian obtains corroborated quotes from a pricing vendor.\nFixed income investments categorized as Level 2 are valued by the trustee using pricing models that use verifiable observable market data (e. g. , interest rates and yield curves observable at commonly quoted intervals and credit spreads), bids provided by brokers or dealers or quoted prices of securities with similar characteristics.\nFixed income investments are categorized at Level 3 when valuations using observable inputs are unavailable.\nThe trustee obtains pricing based on indicative quotes or bid evaluations from vendors, brokers or the investment manager.\nCommodities are traded on an active commodity exchange and are valued at their closing prices on the last trading day of the year.\nCertain commingled equity funds, consisting of equity mutual funds, are valued using the NAAV.\nThe NAVA valuations are based on the underlying investments and typically redeemable within 90 days.\nPrivate equity funds consist of partnership and co-investment funds.\nThe NAVA is based on valuation models of the underlying securities, which includes unobservable inputs that cannot be corroborated using verifiable observable market data.\nThese funds typically have redemption periods between eight and 12 years.\nReal estate funds consist of partnerships, most of which are closed-end funds, for which the NAAV is based on valuation models and periodic appraisals.\nThese funds typically have redemption periods between eight and 10 years.\nHedge funds consist of direct hedge funds for which the NAAVis generally based on the valuation of the underlying investments.\nRedemptions in hedge funds are based on the specific terms of each fund, and generally range from a minimum of one month to several months."}
{"_id": "d827067b0", "title": "", "text": "| Amortization Period Ameren Missouri Ameren Illinois ATXI Total | 30–60 years | 7–10 years | Total |"}
{"_id": "d863cff52", "title": "", "text": "DISCONTINUED OPERATIONS Effective January 1, 2001, the Company adopted SFAS No.144.\nThis statement addresses financial accounting and reporting for the impairment or disposal of long-lived assets.\nSFAS No.144 requires a component of an entity that either has been disposed of or is classified as held for sale to be reported as discontinued operations if certain conditions are met.\nDuring the year, the Company decided to exit certain of its businesses.\nThese businesses included Power Direct, Geoutilities, TermoCandelaria, Ib Valley and several telecommunications businesses in Brazil and the U. S.  The businesses were either disposed of or abandoned during the year or were classified as held for sale at December 31, 2001.\nFor those businesses disposed of or abandoned, the Company determined that significant adverse changes in legal factors and/or the business climate, such as unfavorable market conditions and low tariffs, negatively affected the value of these assets.\nThe Company has certain businesses that are held for sale, including TermoCandelaria.\nThe Company has approved and committed to a plan to sell these assets, they are available for immediate sale, and a plan has been established to locate a buyer at a reasonable fair market value price.\nThe Company believes it will sell these assets within one year and it is unlikely that significant changes will be made to the plan to sell.\nAt December 31, 2001, the assets and liabilities associated with the discontinued operations are segregated on the consolidated balance sheets.\nA majority of the long-lived assets related to discontinued operations are for the TermoCandelaria competitive supply business located in Colombia.\nThe revenues associated with the discontinued operations were $287 million, $74 million and $7 million for the years ended December 31, 2001, 2000 and 1999, respectively.\nThe pretax losses associated with the discontinued operations were $58 million, $31 million and $4 million for each of the years ended December 31, 2001, 2000 and 1999, respectively.\nThe loss on disposal and impairment write-downs for those businesses held for sale, net of tax associated with the discontinued operations, was $145 million for the year ended December 31, 2001."}
{"_id": "d8c9cf99c", "title": "", "text": "| EIN / PensionPlan PensionProtection ActZone Status FIP / RP StatusPending / (in millions)UPS Contributions and Accruals Surcharge | Pension Fund | Alaska Teamster-Employer Pension Plan | Automotive Industries Pension Plan | Central Pennsylvania Teamsters Defined Benefit Plan | Eastern Shore Teamsters Pension Fund | Employer-Teamsters Local Nos. 175 & 505 Pension Trust Fund | Hagerstown Motor Carriers and Teamsters Pension Fund | I.A.M. National Pension Fund / National Pension Plan | International Brotherhood of Teamsters Union Local No. 710 Pension Fund | Local 705, International Brotherhood of Teamsters Pension Plan | Local 804 I.B.T. & Local 447 I.A.M.—UPS Multiemployer Retirement Plan | Milwaukee Drivers Pension Trust Fund | New England Teamsters & Trucking Industry Pension Fund | New York State Teamsters Conference Pension and Retirement Fund | Teamster Pension Fund of Philadelphia and Vicinity | Teamsters Joint Council No. 83 of Virginia Pension Fund | Teamsters Local 639—Employers Pension Trust | Teamsters Negotiated Pension Plan | Truck Drivers and Helpers Local Union No. 355 Retirement Pension Plan | United Parcel Service, Inc.—Local 177, I.B.T. Multiemployer Retirement Plan | Western Conference of Teamsters Pension Plan | Western Pennsylvania Teamsters and Employers Pension Fund | All Other Multiemployer Pension Plans | Total Contributions |"}
{"_id": "d8983bed0", "title": "", "text": "Beginning in late 2008 and continuing throughout 2009, the disruption in the global credit markets and the deterioration of the financial markets has created significant uncertainty in the marketplace.\nThe prolonged economic downturn is adversely impacting our clients’ financial condition and the levels of business activities in the industries and geographies where we operate.\nWhile we believe that the majority of our practices are well positioned to manage through this time, these challenges are reducing demand for some of our services and depressing the price of those services, which is having an adverse effect on our new business and results of operations."}
{"_id": "d8a713f7a", "title": "", "text": "| For the years ended December 31, | 2011 | Credit-related concerns | Held for sale | Agricultural loans | B-note participations | Mezzanine loans | Total |"}
{"_id": "d8f8244dc", "title": "", "text": "| Number of shares Amount Capital in excess of par value Treasury stock Retained earnings (deficit) Accumulated other comprehensive income (loss) Total stockholders’ equity (deficit) | (In millions) | December 25, 2005 | Comprehensive loss: | Net loss | Other comprehensive income (loss): | Net change in unrealized gains on investments, net of taxes of $0 | Net change in cumulative translation adjustments | Net change in unrealized gains on cash flow hedges, net of taxes of $0 | Reclassification adjustment for gain included in earnings, net of taxes of $0 | Total other comprehensive loss | Total comprehensive loss | Issuance of shares: | Employee stock plans | Common stock issued in public offering, net of issuance cost | Common stock issued for ATI Acquisition (see Note 3) | Fair value of vested options and restricted stock units issued to ATI employees (see Note 3) | Conversion of 4.75% Senior Debentures due 2022 (see Note 9) | Compensation recognized under employee stock plans | December 31, 2006 | Comprehensive loss: | Net loss | Other comprehensive income (loss): | Net change in unrealized gains on investments, net of taxes of $0 | Net change due to reduction in Spansion investment | Net change in unrealized gains on cash flow hedges, net of taxes of $0 | Reclassification adjustment for gain included in earnings, net of taxes of $1 | Total other comprehensive income | Total comprehensive loss | Cumulative effect of adoption of new accounting pronouncements | Issuance of shares: | Employee stock plans | Common stock issued, net of issuance cost | Purchased of Capped Call | Compensation recognized under employee stock plans | Others | December 29, 2007 | Comprehensive loss: | Net loss | Other comprehensive income (loss): | Net change in unrealized gains on cash flow hedges, net of taxes of $3 | Reclassification adjustment for gains included in earnings, net of taxes of $0 | Minimum pension liability | Total other comprehensive loss | Total comprehensive loss | Issuance of shares: | Employee stock plans | Compensation recognized under employee stock plans | December 27, 2008 |"}
{"_id": "d89e64816", "title": "", "text": "PART II ITEM 5.\nMARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES Vornado’s common shares are traded on the New York Stock Exchange under the symbol “VNO.\n” Quarterly high and low sales prices of the common shares and dividends paid per share for the years ended December 31, 2011 and 2010 were as follows:"}
{"_id": "d87f8a378", "title": "", "text": "| (in millions) Maturity Amount Unamortized Discount Carrying Value Fair Value | 1.375% Notes due 2015 | 6.25% Notes due 2017 | 5.00% Notes due 2019 | 4.25% Notes due 2021 | 3.375% Notes due 2022 | 3.50% Notes due 2024 | Total Long-term Borrowings |"}
{"_id": "d89dea908", "title": "", "text": "| 2006 2005 | American Tower credit facility | SpectraSite credit facility | Senior subordinated notes | Senior subordinated discount notes, net of discount and warrant valuation | Senior notes, net of discount and premium | Convertible notes, net of discount | Notes payable and capital leases | Total | Less current portion of other long-term obligations | Long-term obligations |"}
{"_id": "d8d6989e4", "title": "", "text": "| Increase Decrease | Effect on total of service and interest cost | Effect on postretirement benefit obligation |"}
{"_id": "d8c915880", "title": "", "text": "| 2006 2005 | (in millions) | Domestic Life Insurance & Retirement Services: | Balance at beginning of year(a) | Acquisition costs deferred | Amortization (charged) or credited to operating income: | Related to realized capital gains (losses) | Related to unlocking future assumptions | All other amortization(b) | Related to change in unrealized gains (losses) on securities | Increase (decrease) due to foreign exchange | Balance at end of year | Foreign Life Insurance & Retirement Services: | Balance at beginning of year(a) | Acquisition costs deferred | Amortization (charged) or credited to operating income: | Related to realized capital gains (losses) | Related to unlocking future assumptions | All other amortization | Related to change in unrealized gains (losses) on securities | Increase (decrease) due to foreign exchange | Balance at end of year | Total Life Insurance & Retirement Services: | Balance at beginning of year(a) | Acquisition costs deferred | Amortization (charged) or credited to operating income: | Related to realized capital gains (losses) | Related to unlocking future assumptions | All other amortization | Related to change in unrealized gains (losses) on securities | Increase (decrease) due to foreign exchange | Balance at end of year |"}
{"_id": "d8ee3f19c", "title": "", "text": "| % of Total % of Total Increase | 2010 | Healthcare distribution -1: | Dental -2 | Medical -3 | Animal health -4 | International -5 | Total healthcare distribution | Technology -6 | Total |"}
{"_id": "d85db9b72", "title": "", "text": "| Years Ended December 31, | 2008 | (in millions, except percentages) | Revenues | Management and financial advice fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest and debt expense | Separation costs | General and administrative expense | Total expenses | Pretax loss |"}
{"_id": "d81520f6e", "title": "", "text": "As of December 31, 2017, we had $1.238 billion of gross unrecognized tax benefits, of which a net $1.150 billion, if recognized, would affect our effective tax rate.\nAs of December 31, 2016, we had $1.095 billion of gross unrecognized tax benefits, of which a net $1.006 billion, if recognized, would affect our effective tax rate.\nAs of December 31, 2015, we had $1.056 billion of gross unrecognized tax benefits, of which a net $900 million, if recognized, would affect our effective tax rate.\nA reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:"}
{"_id": "d88dacadc", "title": "", "text": "During 2015, the Company recognized net benefits related to discrete tax items of $63.3 million.\nThe net benefits were driven primarily by the release of $20.6 million of valuation allowances, based on the realizability of foreign deferred tax assets and the ability to recognize a worthless stock deduction of $39.0 million for the tax basis in a wholly-owned domestic subsidiary.\nDuring 2014, the Company recognized net expenses related to discrete tax items of $13.2 million.\nThe net expenses were driven primarily by an update to non-current tax liabilities for certain global tax audits, an adjustment related to the re-characterization of intercompany payments between its U. S.  and foreign affiliates, the remeasurement of certain deferred tax assets and liabilities resulting from changes in its deferred state tax rate, recognizing adjustments from filing its 2013 U. S.  federal and state tax returns, net changes of valuation allowances based on the realizability of foreign deferred tax assets and the impact from other foreign country audit settlements.\nA reconciliation of the beginning and ending amount of gross liability for unrecognized tax benefits is as follows:"}
{"_id": "d83c8ad8e", "title": "", "text": "| As of April 30, 2011 April 30, 2010 | Short-term | Moody’s | S&P | DBRS |"}
{"_id": "d810fb466", "title": "", "text": "| Year ended December 31 2018 2017 | Discount rate | Qualified pension | Nonqualified pension | Postretirement benefits | Rate of compensation increase (average) | Assumed health care cost trend rate | Initial trend | Ultimate trend | Year ultimate trend reached |"}
{"_id": "d8a3ffd5c", "title": "", "text": "| December 31, 2010 December 31, 2009 | In the Event of Death | ($ in millions) | Variable Annuity Contracts | Return of net deposits | Account value | Net amount at risk | Average attained age of contractholders | Minimum return or contract value | Account value | Net amount at risk | Average attained age of contractholders | Average period remaining until earliest expected annuitization |"}
{"_id": "d877bdb9a", "title": "", "text": "| 2007 2006 | (in millions) | Individual annuities | Group annuities | Guaranteed investment contracts and guaranteed interest accounts | Funding agreements | Interest-sensitive life contracts | Dividend accumulations and other | Policyholders’ account balances |"}
{"_id": "d887e66ca", "title": "", "text": "Long-Term Performance Compensation Plan Prior to January 1, 2005, the Holding Company granted stock-based compensation awards to certain members of management under the Long-Term Performance Compensation Plan (LTPCP).\nThe final LTPCP performance period concluded during 2007.\nThe awards for the final LTPCP performance period, in the amount of 618,375 shares of the Holding Companys common stock and $16 million in cash, were paid during 2007.\nNo significant compensation expense related to LTPCP was recognized during the year ended December 31, 2007."}
{"_id": "d8ed18b60", "title": "", "text": "| North America Europe,Middle East& Africa Asia Pacific South America Total | Electrical/Electronic Architecture | Powertrain Systems | Electronics and Safety | Total |"}
{"_id": "d81d4e07e", "title": "", "text": "THE AES CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) DECEMBER 31, 2017, 2016, AND 2015 163 was dispatched starting in February 2018.  AES Puerto Rico continues to be the lowest cost and EPA compliant energy provider in Puerto Rico.\nTherefore, we expect AES Puerto Rico to continue to be a critical supplier to PREPA.\nStarting prior to the hurricanes, PREPA has been facing economic challenges that could impact the Company, and on July 2, 2017, filed for bankruptcy under Title III.\nAs a result of the bankruptcy filing, AES Puerto Rico and AES Ilumina’s non-recourse debt of $365 million and $36 million, respectively, is in default and has been classified as current as of December 31, 2017.\nIn November 2017, AES Puerto Rico signed a Forbearance and Standstill Agreement with its lenders to prevent the lenders from taking any action against the company due to the default events.\nThis agreement will expire on March 22, 2018.\nThe Company's receivable balances in Puerto Rico as of December 31, 2017 totaled $86 million, of which $53 million was overdue.\nAfter the filing of Title III protection, and up until the disruption caused by the hurricanes, AES in Puerto Rico was collecting the overdue amounts from PREPA in line with historic payment patterns.\nConsidering the information available as of the filing date, management believes the carrying amount of our assets in Puerto Rico of $627 million is recoverable as of December 31, 2017 and no reserve on the receivables is required.\nForeign Currency Risks — AES operates businesses in many foreign countries and such operations could be impacted by significant fluctuations in foreign currency exchange rates.\nFluctuations in currency exchange rate between U. S.  dollar and the following currencies could create significant fluctuations in earnings and cash flows: the Argentine peso, the Brazilian real, the Dominican Republic peso, the Euro, the Chilean peso, the Colombian peso, and the Philippine peso.\nConcentrations — Due to the geographical diversity of its operations, the Company does not have any significant concentration of customers or sources of fuel supply.\nSeveral of the Company's generation businesses rely on PPAs with one or a limited number of customers for the majority of, and in some cases all of, the relevant businesses' output over the term of the PPAs.\nHowever, no single customer accounted for 10% or more of total revenue in 2017, 2016 or 2015.\nThe cash flows and results of operations of our businesses depend on the credit quality of our customers and the continued ability of our customers and suppliers to meet their obligations under PPAs and fuel supply agreements.\nIf a substantial portion of the Company's long-term PPAs and/or fuel supply were modified or terminated, the Company would be adversely affected to the extent that it would be unable to replace such contracts at equally favorable terms.26.\nRELATED PARTY TRANSACTIONS Certain of our businesses in Panama and the Dominican Republic are partially owned by governments either directly or through state-owned institutions.\nIn the ordinary course of business, these businesses enter into energy purchase and sale transactions, and transmission agreements with other state-owned institutions which are controlled by such governments.\nAt two of our generation businesses in Mexico, the offtakers exercise significant influence, but not control, through representation on these businesses' Boards of Directors.\nThese offtakers are also required to hold a nominal ownership interest in such businesses.\nIn Chile, we provide capacity and energy under contractual arrangements to our investment which is accounted for under the equity method of accounting.\nAdditionally, the Company provides certain support and management services to several of its affiliates under various agreements."}
{"_id": "d85fb4594", "title": "", "text": "| Issued In Treasury Shares Outstanding | Balance, January 1, 2008 | Shares sold to optionees less shares exchanged | Shares issued under employee stock purchase plan | Stock repurchase program | Issued on conversions of debentures | Balance, December 31, 2008 | Shares sold to optionees less shares exchanged | Vesting of restricted stock | Shares issued under employee stock purchase plan | Stock repurchase program | Balance, December 31, 2009 | Acquisition of Smith International, Inc. | Shares sold to optionees less shares exchanged | Shares issued under employee stock purchase plan | Stock repurchase program | Issued on conversions of debentures | Balance, December 31, 2010 |"}
{"_id": "d89e1e974", "title": "", "text": "Our environmental site activity was as follows:"}
{"_id": "d820b0f3c", "title": "", "text": "| Company and ARO Description ARO Liability 12/31/2013 Incurred Settled 1 Accretion Cash flow Revisions In MillionsARO Liability 12/31/2014 | CMS Energy, including Consumers | Gas treating plant and gas wells | Consumers | Total CMS Energy | Consumers | Coal ash disposal areas | Asbestos abatement | Gas distribution cut, purge, and cap | Wind parks | Total Consumers |"}
{"_id": "d88f08994", "title": "", "text": "| -1(2) December 31, 2005 December 31, 2004 | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total Private Fixed Maturities | -1 | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total Private Fixed Maturities |"}
{"_id": "d87c97e72", "title": "", "text": "| 2014 Unrestricted 2013 Unrestricted | Less: | Unearned finance income: | Equipment notes | Sales-type leases | Total | Financing receivables  related to the company’s  sales of equipment |"}
{"_id": "d88127eba", "title": "", "text": "| Scheduled Amortization Principal Repayments Revolving Credit Facilities Term  Loan Total Joint Venture Debt | 2004 | 2005 | 2006 | 2007 | 2008 | Thereafter | $56,675 |"}
{"_id": "d86cd29a6", "title": "", "text": "(1) Consists of customer-related intangibles of approximately $36.5 million and network location intangibles of approximately $27.0 million.\nThe customer-related intangibles and network location intangibles are being amortized on a straight-line basis over periods of up to 20 years.\n(2) The Company expects that the goodwill recorded will be not be deductible for tax purposes.\nThe goodwill was allocated to the Company’s international rental and management segment.\nGermany Acquisition—On November 14, 2012, the Company entered into a definitive agreement to purchase communications sites from E-Plus Mobilfunk GmbH & Co.  KG.\nOn December 4, 2012, the Company completed the purchase of 2,031 communications sites, for an aggregate purchase price of $525.7 million."}
{"_id": "d86d9fd20", "title": "", "text": "Stock-Based Compensation We grant other stock-based compensation awards such as stock-settled awards, cash-settled awards and performancebased awards (settled in cash or shares) to certain key employees.\nThe number of shares or units received by an employee for performance-based awards depends on Company performance against specific performance targets and could range from 0% to 300% of the target amount of shares originally granted.\nIncentive awards are subject to certain restrictions and vesting requirements as determined by the Compensation Committee.\nThe fair value of the shares on the grant date is amortized over the vesting period, which is generally three years.\nUpon completion of the vesting period for cash-settled awards, the grantee is entitled to receive a payment in cash based on the fair market value of the corresponding number of shares of common stock.\nNo monetary consideration is paid by a recipient for any incentive award.\nThe fair value of cash-settled awards is adjusted each quarter based on our share price.\nThe holders of stock-settled awards have absolute ownership interest in the underlying shares of common stock prior to vesting, which includes the right to vote and receive dividends.\nDividends declared on common stock are accrued during the vesting period and paid when the award vests.\nThe holders of cash-settled and performance-based awards have no ownership interest in the underlying shares of common stock until the awards vest and the shares of common stock are issued."}
{"_id": "d8be9bb5c", "title": "", "text": "| Restaurants at December 31, 2016 2015 2014 | Conventional franchised | Developmental licensed | Foreign affiliated | Franchised | Company-operated | Systemwide restaurants |"}
{"_id": "d8e95dc78", "title": "", "text": "| 2015 2014 2013 | McKesson Corporation | 16% | 12% |"}
{"_id": "d8861f03a", "title": "", "text": "| 2009 2008 2007 | (in thousands, except per share data) | Basic EPS: | Net income available to common shareholders | Basic weighted average shares outstanding | Earnings per share | Diluted EPS: | Net income available to common shareholders | Basic weighted average shares outstanding | Plus: dilutive effect of stock options and restricted stock awards | Diluted weighted average shares outstanding | Earnings per share |"}
{"_id": "d81447c5a", "title": "", "text": "RESULTS OF OPERATIONS Our sales from continuing operations in 2010 were $1,489.3 million surpassing 2009 sales of $1,375.0 million by 8.3 percent.\nThe increase in sales was due mostly to significantly higher sales in our water heater operations in China resulting from geographic expansion, market share gains and new product introductions as well as additional sales from our water treatment business acquired in November, 2009.\nOur sales from continuing operations were $1,451.3 million in 2008.\nThe $76.3 million decline in sales from 2008 to 2009 was due to lower residential and commercial volume in North America, reflecting softness in the domestic housing market and a slowdown in the commercial water heater business and was partially offset by strong growth in water heater sales in China and improved year over year pricing.\nOn December 13, 2010 we entered into a definitive agreement to sell our Electrical Products Company to Regal Beloit Corporation for $700 million in cash and approximately 2.83 million shares of Regal Beloit common stock.\nThe transaction, which has been approved by both companies' board of directors, is expected to close in the first half of 2011.\nDue to the pending sale, our Electrical Products segment has been accorded discontinued operations treatment in the accompanying financial statements.\nSales in 2010, including sales of $701.8 million for our Electrical Products segment, were $2,191.1 million.\nOur gross profit margin for continuing operations in 2010 was 29.9 percent, compared with 28.7 percent in 2009 and 25.8 percent in 2008.\nThe improvement in margin from 2009 to 2010 was due to increased volume, cost containment activities and lower warranty costs which more than offset certain inefficiencies resulting from the May flood in our Ashland City, TN water heater manufacturing facility.\nThe increase in profit margin from 2008 to 2009 resulted from increased higher margin China water heater volume, aggressive cost reduction programs and lower material costs.\nSelling, general and administrative expense (SG&A) was $36.9 million higher in 2010 than in 2009.\nThe increased SG&A, the majority of which was incurred in our China water heater operation, was associated with selling costs to support higher volume and new product lines.\nAdditional SG&A associated with our 2009 water treatment acquisition also contributed to the increase.\nSG&A was $8.5 million higher in 2009 than 2008 resulting mostly from an $8.2 million increase in our China water heater operation in support of higher volumes."}
{"_id": "d8dc8cb7a", "title": "", "text": "| In millions 2013 2012 2011 | Balance of gross unrecognized tax benefits at January 1 | Increases: | Positions taken during a prior period | Positions taken during the current period | Decreases: | Positions taken during a prior period | Settlements with taxing authorities | Reductions resulting from lapse of statute of limitations | Balance of gross unrecognized tax benefits at December 31 |"}
{"_id": "d8126d038", "title": "", "text": "Accrued Expenses We self-insure a portion of employee medical benefits under the terms of our employee health insurance program.\nWe purchase certain stop-loss insurance to limit our liability exposure.\nWe also self-insure a portion of our property and casualty risk, which includes automobile liability, general liability, workers’ compensation and property under deductible insurance programs.\nThe insurance premium costs are expensed over the contract periods.\nA reserve for liabilities associated with these losses is established for claims filed and claims incurred but not yet reported based upon our estimate of ultimate cost, which is calculated using analyses of historical data.\nWe monitor new claims and claim development as well as trends related to the claims incurred but not reported in order to assess the adequacy of our insurance reserves.\nSelf-insurance reserves on the Consolidated Balance Sheets are net of claims deposits of $0.7 million and $0.8 million, at December 31, 2009 and 2008, respectively.\nWhile we do not expect the amounts ultimately paid to differ significantly from our estimates, our insurance reserves and corresponding expenses could be affected if future claim experience differs significantly from historical trends and assumptions."}
{"_id": "d8e8e372a", "title": "", "text": "2015 vs.  2014 Marketing and midstream operating profit changes were largely driven by a full year of EnLinks legacy asset operations compared to prior year and facility expansions coming online in late 2014, along with assets acquired during 2015.\nThe change was offset by a decrease in Devons marketing activities due to a decrease in commodity prices.2014 vs.  2013 Marketing and midstream operating profit largely increased as a result of higher prices and volumes, partially offset by higher operations and maintenance expenses.\nOf the $339 million increase, $344 million was attributed to EnLinks operations.\nHigher profits from EnLinks Texas segment, which includes the Bridgeport facility, and Louisiana segment were the largest drivers of the increase.\nThe Louisiana segment operating profit increased because of acquisitions and completions of additional pipelines.\nDevons marketing activities were the primary driver of the increases in both operating revenues and product purchases.\nThe higher marketing revenues and product purchases are primarily due to commitments we entered into to secure capacity on downstream oil pipelines.\nMarketing activities of EnLink also contributed to these increases."}
{"_id": "d8e2dc6e2", "title": "", "text": "| December 31, 2011 December 31, 2010 | In millions | Assets | Cash and short-term assets | Trading securities | Investment securities | Loans held for sale | Net loans (excludes leases) | Other assets | Mortgage servicing rights | Financial derivatives | Designated as hedging instruments under GAAP | Not designated as hedging instruments under GAAP | Liabilities | Demand, savings and money market deposits | Time deposits | Borrowed funds | Financial derivatives | Designated as hedging instruments under GAAP | Not designated as hedging instruments under GAAP | Unfunded loan commitments and letters of credit |"}
{"_id": "d8e1b1dc6", "title": "", "text": "| Maturity Date (In thousands of dollars except for rates) | 2005 | Long-termDebt | Interest Rate |"}
{"_id": "d88caa53a", "title": "", "text": "Note 20 – Fair Value of Financial Instruments (SFAS 107 Disclosure) SFAS No.107, “Disclosures About Fair Value of Financial Instruments” (SFAS 107), requires the disclosure of the estimated fair value of financial instruments including those financial instruments for which the Corporation did not elect the fair value option.\nThe fair values of such instruments have been derived, in part, by management’s assumptions, the estimated amount and timing of future cash flows and estimated discount rates.\nDifferent assumptions could significantly affect these estimated fair values.\nAccordingly, the net realizable values could be materially different from the estimates presented below.\nIn addition, the estimates are only indicative of the value of individual financial instruments and should not be considered an indication of the fair value of the Corporation.\nThe provisions of SFAS 107 do not require the disclosure of the fair value of lease financing arrangements and nonfinancial instruments, including goodwill and intangible assets such as purchased credit card, affinity and trust relationships.\nThe following disclosures represent financial instruments in which the ending balance at December 31, 2008 are not carried at fair value in its entirety on the Corporation’s Consolidated Balance Sheet.\nShort-term Financial Instruments The carrying value of short-term financial instruments, including cash and cash equivalents, time deposits placed, federal funds sold and purchased, resale and certain repurchase agreements, commercial paper and other short-term investments and borrowings, approximates the fair value of these instruments.\nThese financial instruments generally expose the Corporation to limited credit risk and have no stated maturities or have short-term maturities and carry interest rates that approximate market.\nIn accordance with SFAS 159, the Corporation elected to fair value certain structured reverse repurchase agreements.\nSee Note 19 – Fair Value Disclosures to the Consolidated Financial Statements for additional information on these structured reverse repurchase agreements.\nLoans Fair values were generally determined by discounting both principal and interest cash flows expected to be collected using an observable discount rate for similar instruments with adjustments that management believes a market participant would consider in determining fair value.\nThe Corporation estimates the cash flows expected to be collected at acquisition using internal credit risk, interest rate and prepayment risk models that incorporate management’s best estimate of current key assumptions, such as default rates, loss severity and prepayment speeds for the life of the loan.\nIn accordance with SFAS 159, the Corporation elected to fair value certain large corporate loans which exceeded the Corporation’s single name credit risk concentration guidelines.\nSee Note 19 – Fair Value Disclosures to the Consolidated Financial Statements for additional information on loans for which the Corporation adopted the fair value option.\nDeposits The fair value for certain deposits with stated maturities was calculated by discounting contractual cash flows using current market rates for instruments with similar maturities.\nThe carrying value of foreign time deposits approximates fair value.\nFor deposits with no stated maturities, the carrying amount was considered to approximate fair value and does not take into account the significant value of the cost advantage and stability of the Corporation’s long-term relationships with depositors.\nIn accordance with SFAS 159, the Corporation elected to fair value certain long-term fixed rate deposits which are economically hedged with derivatives.\nSee Note 19 – Fair Value Disclosures to the Consolidated Financial Statements for additional information on these long-term fixed rate deposits.\nLong-term Debt The Corporation uses quoted market prices for its long-term debt when available.\nWhen quoted market prices are not available, fair value is estimated based on current market interest rates and credit spreads for debt with similar maturities.\nThe book and fair values of certain financial instruments at December 31, 2008 and 2007 were as follows:"}
{"_id": "d8614a91c", "title": "", "text": "| Years Ended December 31, | 2009 | (In millions, except per share data) | Other Data -1, (3) | Net income (loss) available to MetLife, Inc.’s common shareholders | Return on MetLife, Inc.’s common equity | Return on MetLife, Inc.’s common equity, excluding accumulated other comprehensive income (loss) | EPS Data -1, (4) | Income (Loss) from Continuing Operations Available to MetLife, Inc.’s Common Shareholders Per Common Share: | Basic | Diluted | Income (Loss) from Discontinued Operations Per Common Share: | Basic | Diluted | Net Income (Loss) Available to MetLife, Inc.’s Common Shareholders Per Common Share: | Basic | Diluted | Dividends Declared Per Common Share | For the Years Ended December 31, | 2016 | Condensed Statements of Cash Flows | (In millions) | Cash flows from operating activities | Net income (loss) | Earnings of subsidiaries |"}
{"_id": "d8a43f59c", "title": "", "text": "| Stock-Based Performance Awards WeightedAverage GrantDate Fair Value Restricted Stock Awards WeightedAverage GrantDate Fair Value | Unvested at December 31, 2005 | Granted | Vested | Forfeited | Unvested at December 31, 2006 | Granted | Vested | Forfeited | Unvested at December 31, 2007 |"}
{"_id": "d8cc44a56", "title": "", "text": "| December 31, | 2011 | (in millions) | Net unrealized securities gains | Net unrealized derivatives gains (losses) | Defined benefit plans | Foreign currency translation | Total |"}
{"_id": "d8e1b1c36", "title": "", "text": "The following summarizes the assumptions used in the Black-Scholes model to value options granted during the years ended December 31, 2010, 2009 and 2008:"}
{"_id": "d8f8bc700", "title": "", "text": "| High Low Dividend | 2012 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | 2011 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d8b513576", "title": "", "text": "| Quantity (in millions, except as indicated) | 2015 | Commodity | Fuel oils (in gallons)(a) | Natural gas (in mmbtu) | Power (in megawatthours) | Uranium (pounds in thousands) |"}
{"_id": "d8bef67aa", "title": "", "text": "Factors that can affect our credit ratings include changes in our operating performance, the economic environment, conditions in the retail and consumer electronics industries, our financial position, and changes in our business strategy.\nWe are not aware of any reasonable circumstances under which our credit ratings would be significantly downgraded.\nIf a downgrade were to occur, it could adversely impact, among other things, our future borrowing costs, access to capital markets, vendor financing terms and future new-store occupancy costs.\nIn addition, the conversion rights of the holders of our convertible debentures could be accelerated if our credit ratings were to be downgraded."}
{"_id": "d8922c12a", "title": "", "text": "(1) The domestic reporting unit includes goodwill of $862.9 million related to the Patina Merger."}
{"_id": "d8c23f84e", "title": "", "text": "| December 31, | In millions of dollars | Receivables from customers | Receivables from brokers, dealers, and clearing organizations | Total brokerage receivables-1 | Payables to customers | Payables to brokers, dealers, and clearing organizations | Total brokerage payables-1 |"}
{"_id": "d843a7acc", "title": "", "text": "| Total 2010 2009 2008 2007 | (In millions) | Acquisition costs | Exploration costs | Capitalized interest | Total excluded costs |"}
{"_id": "d8259f282", "title": "", "text": "| Level 3 Instruments OnlyIn millions Residential mortgage- backed agency Residential mortgage- backed non-agency Commercial mortgage- backed non-agency Asset- backed State and municipal Other debt Corporate stocks and other Total available forsale securities | December 31, 2008 | National City acquisition | January 1, 2009 | Total realized/unrealized gains or losses: | Included in earnings (**) | Included in other comprehensive income | Purchases, issuances, and settlements, net | Transfers into Level 3, net | December 31, 2009 | (**) Amounts attributable to unrealized gains or losses related to available for salesecurities held at December 31, 2009: |"}
{"_id": "d8dbce8dc", "title": "", "text": "| December 31, | 2008 | (In millions) | Future policy benefit recoverables | Deposit recoverables | Claim recoverables | All other recoverables | Total |"}
{"_id": "d8679362a", "title": "", "text": "During the year ended December 31, 2011, we granted 354,660 performance share units having a fair value based on our grant date closing stock price of $28.79.\nThese units are payable in stock and are subject to certain financial performance criteria.\nThe fair value of these performance share unit awards is based on the grant date closing stock price of each respective award grant and will apply to the number of units ultimately awarded.\nThe number of shares ultimately issued for each award will be based on our financial performance as compared to peer group companies over the performance period and can range from zero to 200%.\nAs of December 31, 2011, estimated share payouts for outstanding non-vested performance share unit awards ranged from 150% to 195%.\nFor the legacy Frontier performance share units assumed at July 1, 2011, performance is based on market performance criteria, which is calculated as the total shareholder return achieved by HollyFrontier stockholders compared with the average shareholder return achieved by an equally-weighted peer group of independent refining companies over a three-year period.\nThese share unit awards are payable in stock based on share price performance relative to the defined peer group and can range from zero to 125% of the initial target award.\nThese performance share units were valued at July 1, 2011 using a Monte Carlo valuation model, which simulates future stock price movements using key inputs including grant date and measurement date stock prices, expected stock price performance, expected rate of return and volatility of our stock price relative to the peer group over the three-year performance period.\nThe fair value of these performance share units at July 1, 2011 was $8.6 million.\nOf this amount, $7.3 million relates to post-merger services and will be recognized ratably over the remaining service period through 2013.\nA summary of performance share unit activity and changes during the year ended December 31, 2011 is presented below:"}
{"_id": "d87821960", "title": "", "text": "Asset Management Group Asset Management Group earned $141 million for 2011 compared with $137 million for 2010.\nAssets under administration were $210 billion at December 31, 2011 and $212 billion at December 31, 2010.\nEarnings for 2011 reflected a benefit from the provision for credit losses and growth in noninterest income, partially offset by higher noninterest expense and lower net interest income.\nFor 2011, the business delivered strong sales production, grew high value clients and benefitted from significant referrals from other PNC lines of business.\nOver time and with stabilized market conditions, the successful execution of these strategies and the accumulation of our strong sales performance are expected to create meaningful growth in assets under management and noninterest income."}
{"_id": "d8e727eb8", "title": "", "text": "1.\nThese derivatives are risk managed together with derivatives that do not meet the definition of a guarantee, and therefore these amounts do not reflect the firm’s overall risk related to its derivative activities.\nAs of December 2012, the carrying value of the net liability and the notional amount related to derivative guarantees were $8.58 billion and $663.15 billion, respectively.2.\nCollateral held by the lenders in connection with securities lending indemnifications was $27.14 billion as of December 2013.\nBecause the contractual nature of these arrangements requires the firm to obtain collateral with a market value that exceeds the value of the securities lent to the borrower, there is minimal performance risk associated with these guarantees.\nAs of December 2012, the maximum payout and collateral held related to securities lending indemnifications were $27.12 billion and $27.89 billion, respectively.3.\nOther financial guarantees excludes certain commitments to issue standby letters of credit that are included in “Commitments to extend credit.\n” See table in “Commitments” above for a summary of the firm’s commitments.\nAs of December 2012, the carrying value of the net liability and the maximum payout related to other financial guarantees were $152 million and $3.48 billion, respectively."}
{"_id": "d88963a34", "title": "", "text": "| Analysis of Changes in Fair Value Measurements Using Significant Unobservable Inputs (Level 3) | Asset- backed securities | Balance at January 1, 2010 | Total gains or losses: | Included in realized gains/losses | Included in other comprehensive income | Sales | Amortization | Other ** | Transfers out of Level 3 | Balance at December 31, 2010 | Total gains or losses: | Included in realized gains/losses | Included in other comprehensive income | Sales | Amortization | Other ** | Transfers out of Level 3 | Balance at December 31, 2011 | Total gains or losses: | Included in realized gains/losses | Included in other comprehensive income | Acquisitions | Sales | Amortization | Other ** | Transfers out of Level 3 | Balance at December 31, 2012 |"}
{"_id": "d8d0647da", "title": "", "text": "Other Income (Expense), Net Items recorded to other income (expense), net arise from transactions and events not directly related to our principal income earning activities.\nThe detail of other income (expense), net is presented in Note 24, Supplemental Information, to the consolidated financial statements.2016 vs.  2015 Other income (expense), net of $58.1 increased $10.8 primarily due to lower foreign exchange losses, favorable contract settlements, and receipt of a government subsidy.\nThe prior year included a gain of $33.6 ($28.3 after-tax, or $.13 per share) resulting from the sale of two parcels of land.\nNo other individual items were significant in comparison to the prior year.2015 vs.  2014 Other income (expense), net of $47.3 decreased $5.5 and included a gain of $33.6 ($28.3 after-tax, or $.13 per share) resulting from the sale of two parcels of land.\nThe gain was partially offset by unfavorable foreign exchange impacts and lower gains on other sales of assets and emissions credits.\nNo other individual items were significant in comparison to fiscal year 2014."}
{"_id": "d8865da06", "title": "", "text": "| February 28, 2009 March 1, 2008 | Gross Carrying Amount | Lease rights |"}
{"_id": "d888ccbca", "title": "", "text": "| Year ended December 31 2016 2015 2014 | Statutory tax rate | Increases (decreases) resulting from | State taxes net of federal benefit | Tax-exemptinterest | Life insurance | Dividend received deduction | Tax credits | Other | Effective tax rate |"}
{"_id": "d8b19f21e", "title": "", "text": "Distribution Services Our Distribution Services segment provides maintenance, repair and operating supplies (?MRO?)\nand spare parts to drill site and production locations worldwide.\nIn addition to its comprehensive network of field locations supporting land drilling operations throughout North America, the segment supports major offshore drilling contractors through locations in Mexico, the Middle East, Europe, Southeast Asia and South America.\nDistribution Services employs advanced information technologies to provide complete procurement, inventory management and logistics services to its customers around the globe.\nDemand for the segment?s services is determined primarily by the level of drilling, servicing, and oil and gas production activities.\nThe following table sets forth the contribution to our total revenues of our three operating segments (in millions):"}
{"_id": "d8f767b7a", "title": "", "text": "| 2018 Changefrom 2017 2017 Changefrom 2016 2016 | Net sales | Operating profit | Operating margin | Acquisition integration charges | Before acquisition integration charges | Operating profit | Operating margin |"}
{"_id": "d8291a9de", "title": "", "text": "| % of Total | $ Change (In millions) | Individual | International | Institutional | Corporate & Other | Auto & Home | Reinsurance | Total change |"}
{"_id": "d8bb12bde", "title": "", "text": "| Year Ended December 31, 2018 vs. 2017 Change 2017 vs. 2016 Change | (In millions) | Interest expense on our various debt instruments: | Term Loan A due July 2017-1 | Term Loan A due July 2023-2 | Revolving credit facility due July 2023-2 | 6.50% Senior Notes due December 2020 | 4.875% Senior Notes due December 2022 | 5.25% Senior Notes due April 2023 | 4.50% Senior Notes due September 2023 | 5.125% Senior Notes due December 2024 | 5.50% Senior Notes due September 2025 | 6.875% Senior Notes due July 2033 | Other interest expense | Less: capitalized interest | Less: interest income | Total |"}
{"_id": "d8be8d2a0", "title": "", "text": "| Twelve Months Ended September 27, 2008 | Other | Beginning balance | Cytyc balance acquired, October 22, 2007 | Third Wave balance acquired, July 24, 2008 | Provided for under EITF No. 95-3 | Adjustments | Payments | Ending balance | In millions | Vintage sold: | 2005 and prior | 2006 | 2007 | 2008 | 2009 | 2010 | Indemnifications-2 | Total | Year ended December 31, | In millions of dollars | GSEs | Private investors | Total | DECEMBER 31, | 2006 | 2007 | 2008 | 2009 | 2010 | December 31, | In billions of dollars | Assets | Cash and deposits with banks | Loans, net of unearned income and allowance for loan losses | Trading account assets | Federal funds sold and securities borrowed or purchased under agreements to resell | Investments | Other assets | Total assets | Liabilities | Deposits | Federal funds purchased and securities loaned or sold under agreements to repurchase | Short-term borrowings and long-term debt | Trading account liabilities | Other liabilities | Total liabilities | Total equity | Total liabilities and equity |"}
{"_id": "d815115be", "title": "", "text": "| Annual Change | ($ in millions) | Revenues | Segment results |"}
{"_id": "d8a37d0a0", "title": "", "text": "| 2014 2013 | (in billions) | Beginning balance | Net flows-1 | Market appreciation and other-1 | Ending balance | Advisory wrap account assets ending balance-2 | Average advisory wrap account assets-3 | Years Ended December 31, | 2014 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest and debt expense | General and administrative expense | Total expenses | Operating earnings | Pretax Increase (Decrease) | (in millions) | Other revenues | Benefits, claims, losses and settlement expenses | Amortization of DAC | Interest credited to fixed accounts | Total expenses | Total-1 |"}
{"_id": "d89644ac8", "title": "", "text": "| Years Ended December 31, | 2015 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest and debt expense | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d8e2643a4", "title": "", "text": "| Estimated   Fair Value -1 of   Derivatives in Net   Liability Position   December 31, 2009 Estimated   Fair Value of   Collateral   Provided   December 31, 2009 Fair Value of Incremental Collateral   Provided Upon: | Downgrade in the | One Notch | Downgrade | in the | Company’s | Fixed Maturity | Securities -2 | (In millions) | Derivatives subject to credit-contingent provisions | Derivatives not subject to credit-contingent provisions | Total |"}
{"_id": "d8a7f543e", "title": "", "text": "The Company has elected the fair-value option where the interest-rate risk of such liabilities is economically hedged with derivative contracts or the proceeds are used to purchase financial assets that will also be accounted for at fair value through earnings.\nThe election has been made to mitigate accounting mismatches and to achieve operational simplifications.\nThese positions are reported in Short-term borrowings and Long-term debt on the Companys Consolidated Balance Sheet.\nThe majority of these non-structured liabilities are a result of the Companys election of the fair-value option for liabilities associated with the Citi-advised Structured Investment Vehicles (SIVs), which were consolidated during the fourth quarter of 2007.\nThe change in fair values of the SIVs liabilities reported in earnings was $2.6 billion for the year ended December 31, 2008.\nFor these non-structured liabilities the aggregate fair value is $263 million lower than the aggregate unpaid principal balance as of December 31, 2008.\nFor all other non-structured liabilities classified as Long-term debt for which the fair-value option has been elected, the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $97 million as of December 31, 2008 while the aggregate fair value exceeded the aggregate unpaid principal by $112 million as of December 31, 2007.\nThe change in fair value of these non-structured liabilities reported a gain of $1.2 billion for the year ended December 31, 2008.\nThe change in fair value for these non-structured liabilities is reported in Principal transactions in the Companys Consolidated Statement of Income.\nRelated interest expense continues to be measured based on the contractual interest rates and reported as such in the Consolidated Income Statement."}
{"_id": "d8cb3a052", "title": "", "text": "| Shares Weighted   Average   Grant Date   Fair Value   (per share) | Unvested at January 1, 2007 | Granted | Conversion of InfraSource restricted stock to Quanta restricted stock | Vested | Forfeited | Unvested at December 31, 2007 |"}
{"_id": "d80ed4f70", "title": "", "text": "| (in millions) 2014 2013 2012 | Premiums and deposits | Deposits | Other | Premiums |"}
{"_id": "d8d3128d8", "title": "", "text": "| As of and for the Year Ended December 31, | (dollars in millions) | Allowance for Loan and Lease Losses—Beginning: | Commercial | Commercial real estate | Leases | Qualitative-1 | Total commercial loans and leases | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Automobile | Education | Credit cards | Other retail | Qualitative-1 | Total retail loans | Unallocated-1(Eliminated in 2013) | Total allowance for loan and lease losses—beginning | December 31 (In billions) | Operating cash collections | Operating cash payments | Cash dividends from GECS | GE cash from operating activities (GE CFOA) |"}
{"_id": "d8695f99a", "title": "", "text": "| Millions of kWhs  Twelve Months Ended | Description | Residential/Religious | Commercial/ Industrial | Other | Total Full Service Customers | Retail access customers | Total Service Area | Thousands of DTHs  Twelve Months Ended | Description | Firm Sales | Residential | General | Firm Transportation | Total Firm Sales and Transportation | Off Peak/Interruptible Sales | Non-Firm Transportation of Gas | Generation Plants | Other | Total Sales and Transportation |"}
{"_id": "d878219c4", "title": "", "text": "BlackRock Our BlackRock business segment earned $361 million in 2011 and $351 million in 2010.\nThe higher business segment earnings from BlackRock for 2011 compared with 2010 were primarily due to an increase in revenue."}
{"_id": "d8bc1753e", "title": "", "text": "| Year Ended December 31 | 2012 | Risk-free interest rate | Weighted average volatility | Dividend yield | Expected years until exercise |"}
{"_id": "d86e1fa0c", "title": "", "text": "| % Change | Dollars in Millions | Net Sales | Earnings from Continuing Operations Before Minority Interest and Income Taxes | % of net sales | Provision for Income Taxes | Effective tax rate | Earnings from Continuing Operations | % of net sales |"}
{"_id": "d899fdc6e", "title": "", "text": "Asset-based Financing We conduct asset-based or secured financing within our insurance and other subsidiaries, including transactions such as securities lending, repurchase agreements and mortgage dollar rolls, to earn spread income, to borrow funds, or to facilitate trading activity.\nThese programs are primarily driven by portfolio holdings of securities that are lendable based on counterparty demand for these securities in the marketplace.\nThe collateral received in connection with these programs is primarily used to purchase securities in the short-term spread portfolios of our insurance entities.\nInvestments held in the short-term spread portfolios include cash and cash equivalents, short-term investments, mortgage loans and fixed maturities, including mortgage-and asset-backed securities, with a weighted average life at time of purchase by the short-term portfolios of four years or less.\nFloating rate assets comprise the majority of our short-term spread portfolio.\nThese short-term portfolios are subject to specific investment policy statements, which among other things, do not allow for significant asset/liability interest rate duration mismatch.\nThe following table sets forth our liabilities under asset-based or secured financing programs as of the dates indicated."}
{"_id": "d86dabbca", "title": "", "text": "| Cash FlowsMillions 2014 2013 2012 | Cash provided by operating activities | Cash used in investing activities | Cash used in financing activities | Net change in cash and cashequivalents |"}
{"_id": "d8727ef30", "title": "", "text": "Commercial aircraft financing commitments include commitments to provide financing related to aircraft on order, under option for deliveries or proposed as part of sales campaigns based on estimated earliest potential funding dates.\nBased on historical experience, we anticipate that we will not be required to fund a significant portion of our financing commitments.\nHowever, there can be no assurances that we will not be required to fund greater amounts than historically required.\nSee Note 11 to our Consolidated Financial Statements."}
{"_id": "d8c75e2f8", "title": "", "text": "| Year Ended December 31, | 2007 | Risk-free interest rate | Average expected life in years | Expected volatility | Expected dividend yield |"}
{"_id": "d8ba20d84", "title": "", "text": "| In millions of dollars U.S. Outside of U.S. December 31, 2009 December 31, 2008 | Commercial and similar letters of credit | One- to four-family residential mortgages | Revolving open-end loans secured by one- to four-family residential properties | Commercial real estate, construction and land development | Credit card lines | Commercial and other consumer loan commitments | Total |"}
{"_id": "d8e5999e8", "title": "", "text": "| 2005 2004 2003 | Revenue | Loss from discontinued operations | Income tax benefit on loss from discontinued operations | Net loss on disposal of discontinued operations, net of tax benefit of $1,042, $337 and $10,160 respectively | Loss from discontinued operations, net |"}
{"_id": "d8619f854", "title": "", "text": "| Accumulated Other Comprehensive Income (Loss) | Foreign Currency Translation Adjustments | (in millions) | Balance, December 31, 2002 | Change in component during year | Balance, December 31, 2003 | Change in component during year-2 | Balance, December 31, 2004 | Change in component during year | Balance, December 31, 2005 |"}
{"_id": "d8ab69052", "title": "", "text": "| Year Ended December 31, | (millions of kWhs) | Total deliveries to O&R full service customers | Delivery service for retail access customers | Total Deliveries In Franchise Area | ($ in millions) | Total deliveries to O&R full service customers | Delivery service for retail access customers | Other operating revenues | Total Deliveries In Franchise Area | Average Revenue per kWh Sold (Cents) | Residential | Commercial and Industrial |"}
{"_id": "d8bd1789e", "title": "", "text": "| Insurance Products Retirement Products Corporate Benefit Funding Auto & Home International Banking, Corporate & Other Total | (In millions) | Income (loss) from continuing operations, net of income tax | Less: Net investment gains (losses) | Less: Net derivative gains (losses) | Less: Adjustments to continuing operations -1 | Less: Provision for income tax (expense) benefit | Operating earnings | Less: Preferred stock dividends | Operating earnings available to common shareholders | Insurance Products | (In millions) | Income (loss) from continuing operations, net of income tax | Less: Net investment gains (losses) | Less: Net derivative gains (losses) | Less: Adjustments to continuing operations -1 | Less: Provision for income tax (expense) benefit | Operating earnings | Less: Preferred stock dividends | Operating earnings available to common shareholders | Insurance Products | (In millions) | Total revenues | Less: Net investment gains (losses) | Less: Net derivative gains (losses) | Less: Adjustments related to net investment gains (losses) and net derivative gains (losses) | Less: Other adjustments to revenues -1 | Total operating revenues | Total expenses | Less: Adjustments related to net investment gains (losses) and net derivative gains (losses) | Less: Other adjustments to expenses -1 | Total operating expenses | December 31, 2010 | Trading and Other Securities | (In millions) | Quoted prices in active markets for identical assets and liabilities (Level 1) | Significant other observable inputs (Level 2) (1) | Significant unobservable inputs (Level 3) | Total estimated fair value | December 31, | 2010 | (In millions) | Long-term debt — unaffiliated | Long-term debt — affiliated | Collateral financing arrangements | Junior subordinated debt securities |"}
{"_id": "d889b1ff4", "title": "", "text": "PCLI owns and operates a refinery located in Mississauga, Ontario having lubricant production capacity of 15,600 barrels per stream day and has the flexibility to match unique lubricant product formulations.\nThe primary operating units include a hydrogen plant and hydrotreating, solvent dewaxing, hydrodentrification, catalytic dewaxing and hydrobon/platformer units.\nThe Mississauga plant also includes packaging facilities and has extensive distribution capabilities with marine, truck and rail access."}
{"_id": "d8e3fa100", "title": "", "text": "| 2000 % of Revenue 1999 % of Revenue % change | North America | South America | Caribbean* | Europe/Africa | Asia |"}
{"_id": "d8a015962", "title": "", "text": "| Fiscal years ended October 31, | 2016 | In millions, except per share amounts | Numerator: | Net earnings | Denominator:-1(2) | Weighted-average shares used to compute basic net EPS | Dilutive effect of employee stock plans-3 | Weighted-average shares used to compute diluted net EPS | Net earnings per share: | Basic | Diluted | Anti-dilutive weighted-average stock awards-4 |"}
{"_id": "d8aea7584", "title": "", "text": "| 2005 2004 2003 | Tons | (tons in thousands; dollars in millions) | Phosphate Fertilizer Products | DAP | MAP | Other phosphate fertilizers-1 | Total |"}
{"_id": "d8a7dd244", "title": "", "text": "| Balance, December 31, 2006 $740,507 | Additions during period—depreciation and amortization expense | Deductions during period—disposition and retirements of property | Balance, December 31, 2007 | Additions during period—depreciation and amortization expense | Deductions during period—disposition and retirements of property | Balance, December 31, 2008 | Additions during period—depreciation and amortization expense | Deductions during period—disposition and retirements of property | Balance, December 31, 2009 |"}
{"_id": "d8600ba92", "title": "", "text": "| 2008 2007 | (In millions) | Commodity Instruments | Fair value hedges:(a) | OTC commodity swaps | Non-hedge designation: | Exchange-traded commodity futures | Exchange-traded commodity options | OTC commodity swaps | OTC commodity options | U.K. natural gas contracts(b) | Physical commodity contracts(c) | Financial Instruments | Fair value hedges: | OTC interest rate swaps(d) | Cash flow hedges:(e) | OTC foreign currency forwards |"}
{"_id": "d872a64ea", "title": "", "text": "| December 31, | $ in millions | Projected benefit obligation | Accumulated benefit obligation | Fair value of plan assets | Pension Benefits | 2008 | Assumptions Used to Determine Benefit Obligation at December 31 | Discount rate | Rate of compensation increase | Initial health care cost trend rate assumed for the next year | Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) | Year that the rate reaches the ultimate trend rate | Assumptions Used to Determine Benefit Cost for the Year Ended December 31 | Discount rate | Expected long-term return on plan assets | Rate of compensation increase | Initial health care cost trend rate assumed for the next year | Rate to which the cost trend rate is assumed to decline (the ultimate trend rate) | Year that the rate reaches the ultimate trend rate | Year Ended December 31 | $ in millions | Segment operating (loss) income | Unallocated expenses | Net pension adjustment | Royalty income adjustment | Total operating (loss) income |"}
{"_id": "d8dfe9750", "title": "", "text": "Income Taxes The components of income tax provision attributable to continuing operations were as follows:"}
{"_id": "d8e0a6788", "title": "", "text": "Facility Notes and Bonds We have entered into agreements with certain municipalities to finance the construction of, or improvements to, facilities that support our U. S.  Domestic Package and Supply Chain & Freight operations in the United States.\nThese facilities are located around airport properties in Louisville, Kentucky; Dallas, Texas; and Philadelphia, Pennsylvania.\nUnder these arrangements, we enter into a lease or loan agreement that covers the debt service obligations on the bonds issued by the municipalities, as follows: ?\nBonds with a principal balance of $149 million issued by the Louisville Regional Airport Authority associated with our Worldport facility in Louisville, Kentucky.\nThe bonds, which are due in January 2029, bear interest at a variable rate, and the average interest rates for 2014 and 2013 were 0.05% and 0.09%, respectively.  ?\nBonds with a principal balance of $42 million and due in November 2036 issued by the Louisville Regional Airport Authority associated with our air freight facility in Louisville, Kentucky.\nThe bonds bear interest at a variable rate, and the average interest rates for 2014 and 2013 were 0.05% and 0.08%, respectively.  ?\nBonds with a principal balance of $29 million issued by the Dallas / Fort Worth International Airport Facility Improvement Corporation associated with our Dallas, Texas airport facilities.\nThe bonds are due in May 2032 and bear interest at a variable rate, however the variable cash flows on the obligation have been swapped to a fixed 5.11%.  ?\nBonds with a principal balance of $100 million issued by the Delaware County, Pennsylvania Industrial Development Authority associated with our Philadelphia, Pennsylvania airport facilities.\nThe bonds, which are due in December 2015, bear interest at a variable rate, and the average interest rates for 2014 and 2013 were 0.04% and 0.07%, respectively.\nPound Sterling Notes The Pound Sterling notes consist of two separate tranches, as follows: ?\nNotes with a principal amount of ￡66 million accrue interest at a 5.50% fixed rate, and are due in February 2031.\nThese notes are not callable.  ?\nNotes with a principal amount of ￡455 million accrue interest at a 5.125% fixed rate, and are due in February 2050.\nThese notes are callable at our option at a redemption price equal to the greater of 100% of the principal amount and accrued interest, or the sum of the present values of the remaining scheduled payout of principal and interest thereon discounted to the date of redemption at a benchmark U. K.  government bond yield plus 15 basis points and accrued interest.\nWe maintain cross-currency interest rate swaps to hedge the foreign currency risk associated with the bond cash flows for both tranches of these bonds.\nThe average fixed interest rate payable on the swaps is 5.45%."}
{"_id": "d8e0cda2c", "title": "", "text": "| Year Ended December 31, | 2010 | (in millions, except per share and ratio information) | Income Statement Data: | Revenues: | Premiums | Policy charges and fee income | Net investment income | Asset management fees and other income | Realized investment gains (losses), net | Total revenues | Benefits and expenses: | Policyholders’ benefits | Interest credited to policyholders’ account balances | Dividends to policyholders | Amortization of deferred policy acquisition costs | General and administrative expenses | Total benefits and expenses | Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures | Income tax expense (benefit) | Income (loss) from continuing operations before equity in earnings of operating joint ventures | Equity in earnings of operating joint ventures, net of taxes | Income (loss) from continuing operations | Income (loss) from discontinued operations, net of taxes | Net income (loss) | Less: Income (loss) attributable to noncontrolling interests | Net Income (loss) attributable to Prudential Financial, Inc. | Basic income (loss) from continuing operations attributable to | Prudential Financial, Inc. per share—Common Stock | Diluted income (loss) from continuing operations attributable to | Prudential Financial, Inc. per share—Common Stock | Basic net income (loss) attributable to Prudential Financial, Inc. per share—Common Stock | Diluted net income (loss) attributable to Prudential Financial, Inc. per share—Common Stock | Basic and diluted income (loss) from continuing operations attributable to Prudential Financial, Inc. per share—Class BStock | Basic and diluted net income (loss) attributable to Prudential | Financial, Inc. per share—Class B Stock | Dividends declared per share—Common Stock | Dividends declared per share—Class B Stock | Ratio of earnings to fixed charges-1 |"}
{"_id": "d893a2414", "title": "", "text": "Investment Income and Interest Expense The following table sets forth investment income and interest expense for the years ended December 31, 2012, 2011 and 2010 (in millions):"}
{"_id": "d86d0329a", "title": "", "text": "Basis of Presentation  Certain prior year amounts have been reclassified to conform to the current period financial statement presentation.\nThe reclassifications include reporting freight revenues instead of commodity revenues.\nThe amounts reclassified from freight revenues to other revenues totaled $30 million and $71 million for the years ended December 31, 2007, and December 31, 2006, respectively.\nIn addition, we modified our operating expense categories to report fuel used in railroad operations as a stand-alone category, to combine purchased services and materials into one line, and to reclassify certain other expenses among operating expense categories.\nThese reclassifications had no impact on previously reported operating revenues, total operating expenses, operating income or net income.\nSignificant Accounting Policies Principles of Consolidation  The Consolidated Financial Statements include the accounts of Union Pacific Corporation and all of its subsidiaries.\nInvestments in affiliated companies (20% to 50% owned) are accounted for using the equity method of accounting.\nAll significant intercompany transactions are eliminated.\nThe Corporation evaluates its less than majority-owned investments for consolidation"}
{"_id": "d89fa928a", "title": "", "text": "| Payments due by period | Total | (In thousands) | Operating leases | Foreign currency forward contract | $69,528 |"}
{"_id": "d870c58e2", "title": "", "text": "| Preferred Stock Common Stock* | Issued | 2009: | Balance at January 1, 2009 | Grants of restricted stock | Issuance of common stock due to exercise of stock options | Treasury stock acquired | Retirement of treasury stock | Balance at December 31, 2009 | 2010: | Grants of restricted stock | Forfeitures of restricted stock | Issuance of common stock due to exercise of stock options | Treasury stock acquired | Retirement of treasury stock | Balance at December 31, 2010 | 2011: | Grants of restricted stock | Forfeitures of restricted stock | Issuance of common stock due to exercise of stock options | Treasury stock acquired | Retirement of treasury stock | Balance at December 31, 2011 |"}
{"_id": "d8efed1e2", "title": "", "text": "As of May 27, 2018, we expect to pay approximately $40.8 million of unrecognized tax benefit liabilities and accrued interest within the next 12 months.\nWe are not able to reasonably estimate the timing of future cash flows beyond 12 months due to uncertainties in the timing of tax audit outcomes.\nThe remaining amount of our unrecognized tax liability was classified in other liabilities.\nWe report accrued interest and penalties related to unrecognized tax benefit liabilities in income tax expense.\nFor fiscal 2018, we recognized $3.1 million of tax-related net interest and penalties, and had $27.3 million of accrued interest and penalties as of May 27, 2018.\nFor fiscal 2017, we recognized a net benefit of $5.6 million of tax-related net interest and penalties, and had $23.1 million of accrued interest and penalties as of May 28, 2017."}
{"_id": "d86e484de", "title": "", "text": "| In millions 2007 2006 2005 | Industry segment operating profits | Corporate items, net | Corporate special items* | Interest expense, net | Minority interest | Income tax benefit (provision) | Discontinued operations | Net earnings |"}
{"_id": "d8c756c4c", "title": "", "text": "2011 Rate Filing Based on Calendar Year 2010 Production Costs In May 2011, Entergy filed with the FERC the 2011 rates in accordance with the FERC’s orders in the System Agreement proceeding.\nSeveral parties intervened in the proceeding at the FERC, including the LPSC, which also filed a protest.\nIn July 2011 the FERC accepted Entergy’s proposed rates for filing, effective June 1, 2011, subject to refund, set the proceeding for hearing procedures, and then held those procedures in abeyance pending FERC decisions in the prior production cost proceedings currently before the FERC on review.\nIn January 2014 the LPSC filed a petition for a writ of mandamus at the United States Court of Appeals for the Fifth Circuit.\nIn its petition, the LPSC requested that the Fifth Circuit issue an order compelling the FERC to issue a final order in several proceedings related to the System Agreement, including the 2011 rate filing based on calendar year 2010 production costs and the 2012 and 2013 rate filings discussed below.\nIn March 2014 the Fifth Circuit rejected the LPSC’s petition for a writ of mandamus.\nIn December 2014 the FERC rescinded its earlier abeyance order and consolidated the 2011 rate filing with the 2012, 2013,"}
{"_id": "d8ca884d8", "title": "", "text": "(1) Ratio is computed as total debt divided by total debt and stockholders equity.\n(2) Ratio is computed as total debt, net of cash and cash equivalents (net debt), divided by net debt and stockholders equity (net capital employed).\n(3) Ratio is computed as net income, divided by a five-quarter average of stockholders equity.\nAs of March 31, 2008, a significant portion of our cash and cash equivalents are on deposit with foreign financial institutions and are used to fund operations.\nWorking capital primarily includes cash, receivables and inventories, net of drafts and accounts payable and other liabilities.\nOur Distribution Solutions segment requires a substantial investment in working capital that is susceptible to large variations during the year as a result of inventory purchase patterns and seasonal demands.\nInventory purchase activity is a function of sales activity and new customer build-up requirements.\nConsolidated working capital at March 31, 2008 decreased compared with that of the prior year end.\nWorking capital was negatively impacted by decreases in cash and cash equivalents and net financial inventory (inventory, net of drafts and accounts payable) as well as an increase in other accrued liabilities.\nThese decreases in working capital were partially offset by an increase in account receivables and the one-time benefit associated with a $420 million reclassification of short-term tax liabilities to long-term liabilities as a result of our implementation of FIN No.48.\nIn 2007, our working capital decreased primarily as a result of increases in other liabilities and deferred revenue.\nNet financial inventory resulted in a small increase to working capital in 2007.\nOur ratio of net debt to net capital employed increased in 2008 primarily reflecting an increase in net debt (i. e. , a decrease in cash and cash equivalents as well as long-term debt).\nOur ratio of net debt to net capital employed increased in 2007 primarily due to our issuance of $1.0 billion of long-term debt in relation to the Per-Se acquisition.\nThe Company has paid quarterly cash dividends at the rate of $0.06 per share on its common stock since the fourth quarter of 1999.\nA dividend of $0.06 per share was declared by the Board on January 23, 2008, and was paid on April 1, 2008 to stockholders of record at the close of business on March 3, 2008.\nIn 2008, we paid total cash dividends of $70 million.\nThe Company anticipates that it will continue to pay quarterly cash dividends in the future.\nIn April 2008, the Board approved a change in the Companys dividend policy by increasing the amount of the Companys quarterly dividend from six cents to twelve cents per share, which will apply to ensuing quarterly dividend declarations until further action by the Board.\nHowever, the payment and amount of future dividends remain within the discretion of the Board and will depend upon the Companys future earnings, financial condition, capital requirements and other factors."}
{"_id": "d8631529c", "title": "", "text": "Discontinued Operations In October 2013, the Company sold 100% of the outstanding shares of Greenline, a wholly owned subsidiary of the Company, to CameronTec Intressenter AB.\nThe aggregate purchase price was $11.0 million in cash, including a post-closing working capital adjustment.\nThe Company recognized a gain on the disposition of $7.6 million, net of a tax benefit.\nGreenline’s operating results have been classified as discontinued operations in the Consolidated Statement of Operations.\nThe following is a summary of Greenline’s operating results:"}
{"_id": "d8de39978", "title": "", "text": "| As of October 31, 2016 | Options Outstanding | Range of Exercise Prices | In thousands | $0-$9.99 | $10-$19.99 | $20-$29.99 | 57,498 |"}
{"_id": "d8c5ed90a", "title": "", "text": "| 2007 2006 | Carrying Amount | Derivative financial (liabilities) assets: | Foreign currency forward contracts | Derivative financial liabilities: | Interest rate swaps | Financial liabilities: | Debt: | 6.95% Senior Notes | 5.375% Senior Notes-1 | 5.625% Senior Notes | 6.875% Senior Notes | 3% Convertible Senior Notes | Other foreign loans | Other loans | Total debt | 2008 | Change in benefit obligation: | Projected benefit obligation at beginning of period | Service cost | Interest cost | Actuarial loss (gain) | Curtailment loss | Benefits paid | Projected benefit obligation at end of period | Change in plan assets: | Fair value of plan assets at beginning of period | Actual (loss) gain on plan assets | Employer contributions | Benefits paid | Fair value of plan assets at end of period | Under funded status at end of year |"}
{"_id": "d8d09a542", "title": "", "text": "Item 12.\nSECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS Information with respect to security ownership of certain beneficial owners and management required by this Item 12 will be included in PCAs Proxy Statement under the caption Ownership of Our Stock and is incorporated herein by reference."}
{"_id": "d8a4b4176", "title": "", "text": "| Year Ended | September 30, 2009 | ($ in 000's) | Revenues | Investment Advisory Fees | Other | Total Revenues | Expenses | Compensation Expense | Other Expenses | Total Expenses | Minority Interest | Pre-tax Income |"}
{"_id": "d89b8a2f8", "title": "", "text": "Liquidity and Capital Resources Overview At July 31, 2014, our cash, cash equivalents and investments totaled $1.9 billion, an increase of $253 million from July 31, 2013 due to the factors described in Statements of Cash Flows below.\nOur primary source of liquidity has been cash from operations, which entails the collection of accounts receivable for products and services.\nOur primary uses of cash have been for research and development programs, selling and marketing activities, capital projects, acquisitions of businesses, debt service costs, repurchases of our common stock under our stock repurchase programs, and the payment of cash dividends.\nAs discussed in Executive Overview  Industry Trends and Seasonality earlier in this Item 7, our business is subject to significant seasonality.\nThe balance of our cash, cash equivalents and investments generally fluctuates with that seasonal pattern.\nWe believe the seasonality of our business is likely to continue in the future.\nThe following table summarizes selected measures of our liquidity and capital resources at the dates indicated:"}
{"_id": "d8aea762e", "title": "", "text": "| Twelve months ended December 31, | 2016 | (in millions, except as noted) | Net sales | Cost of sales | Gross margin | Gross margin percentage | Sales volume by product tons (000s) | Sales volume by nutrient tons (000s)(1) | Average selling price per product ton | Average selling price per nutrient ton-1 | Gross margin per product ton | Gross margin per nutrient ton-1 | Depreciation and amortization | Unrealized net mark-to-market loss (gain) on natural gas derivatives |"}
{"_id": "d8135b256", "title": "", "text": "* The reduction resulted from transferring to the Japanese government certain Japanese plan obligations approximating $50 million reduced by approximately $26 million loss incurred with respect to the settlement of those obligations.\nFor the U. S.  plans, the estimated net loss, prior service credit and transition obligation for the defined benefit pension plans that will be amortized from Accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are $37 million, $3 million and $0 million, respectively.\nFor the non-U.\nS.  plans, the estimated net loss, prior service credit and transition obligation for the defined benefit pension plans that will be amortized from Accumulated other comprehensive income into net periodic benefit cost over the next fiscal year are $11 million, $10 million and $1 million, respectively.\nThe estimated net loss, prior service credit and transition obligation for the other defined benefit postretirement plans that will be amortized from Accumulated other comprehensive income into net periodic benefit cost over the next fiscal year will be less than $5 million in the aggregate.\nPART?III 59 ITEM?10.\nDIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE For the information required by this Item?10 with respect to our Executive Officers, see Part?I, Item 1.  of this report.\nFor the other information required by this Item?10, see “Election Of Directors,” “Nominees for Election to the Board of Directors,” “Corporate Governance” and “Section?16(a) Beneficial Ownership Reporting Compliance,” in the Proxy Statement for our 2019 Annual Meeting, which information is incorporated herein by reference.\nThe Proxy Statement for our 2019 Annual Meeting will be filed within 120?days after the end of the fiscal year covered by this Annual Report on Form 10-K.\nITEM?11.\nEXECUTIVE COMPENSATION For the information required by this Item?11, see “Compensation Discussion and Analysis,” “Compensation Committee Report,” and “Executive Compensation” in the Proxy Statement for our 2019 Annual Meeting, which information is incorporated herein by reference.\nITEM?12.\nSECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS For the information required by this Item?12 with respect to beneficial ownership of our common stock, see “Security Ownership of Certain Beneficial Owners and Management” in the Proxy Statement for our 2019 Annual Meeting, which information is incorporated herein by reference.\nThe following table sets forth certain information as of December?31, 2018 regarding our equity plans :"}
{"_id": "d8ea0476c", "title": "", "text": "Reconciliation of U. S.  Federal Statutory Income Tax Rate to Actual Income Tax Rate The following table reconciles the U. S.  statutory tax rate to our effective income tax rate for the last three fiscal years:"}
{"_id": "d8a569a58", "title": "", "text": "CITIZENS FINANCIAL GROUP, INC.  MANAGEMENT'S DISCUSSION AND ANALYSIS 94 “Business Segments” to our audited Consolidated Financial Statements in Part II, Item 8 — Financial Statements and Supplementary Data, included elsewhere in this report.\nAnalysis of Financial Condition — December 31, 2014 Compared with December 31, 2013 Loans and Leases The following table shows the composition of loans and leases, including non-core loans, as of:"}
{"_id": "d882e5784", "title": "", "text": "| (Amounts in millions, except per share amounts) 2015 2014 2013 | Numerator: | Net income attributable to 3M | Denominator: | Denominator for weighted average 3M common shares outstanding — basic | Dilution associated with the Company’s stock-based compensation plans | Denominator for weighted average 3M common shares outstanding — diluted | Earnings per share attributable to 3M common shareholders — basic | Earnings per share attributable to 3M common shareholders — diluted | Qualified and Non-qualified Pension Benefits | (Millions) | 2016 Benefit Payments | 2017 Benefit Payments | 2018 Benefit Payments | 2019 Benefit Payments | 2020 Benefit Payments | Next five years |"}
{"_id": "d89c6ba6e", "title": "", "text": "| (dollars in millions) Payments due by period | Contractual Obligation | Long-term Debt | Capital Leases | Operating Leases | Purchase Obligations | Total |"}
{"_id": "d87ee5666", "title": "", "text": "| As of December | $ in millions | Financial instruments owned, at fair value pledged to counterparties that: | Had the right to deliver or repledge | Did not have the right to deliver or repledge | Other assets pledged to counterparties that: | Did not have the right to deliver or repledge |"}
{"_id": "d828fb070", "title": "", "text": "Impaired Loans Impaired loans include commercial and consumer nonperforming loans and TDRs, regardless of nonperforming status.\nTDRs that were previously recorded at amortized cost and are now classified and accounted for as held for sale are also included.\nExcluded from impaired loans are nonperforming leases, loans accounted for as held for sale other than the TDRs described in the preceding sentence, loans accounted for under the fair value option, smaller balance homogeneous type loans and purchased impaired loans.\nWe did not recognize any interest income on impaired loans that have not returned to performing status, while they were impaired during the year ended December 31, 2016 and December 31, 2015.\nThe following table provides further detail on impaired loans individually evaluated for impairment and the associated ALLL.\nCertain commercial and consumer impaired loans do not have a related ALLL as the valuation of these impaired loans exceeded the recorded investment."}
{"_id": "d8a7969ca", "title": "", "text": "| As of December 31, | 2013 | (In thousands) | Deferred tax assets | U.S. net operating loss carryforwards | Foreign net operating loss carryforwards | Capital loss carryforwards | Stock compensation expense | Other | Total deferred tax assets | Valuation allowance | Net deferred tax assets | Deferred tax liabilities | Depreciation and amortization | Capitalized software development costs | Intangible assets | Deferred tax assets, net |"}
{"_id": "d8bb3432e", "title": "", "text": "| December 31, | 2009 | Carrying Amount | (in thousands) | Loans receivable, net | Marketable debt securities | Marketable equity securities | Warrants | Bank line of credit | Bridge and term loans | Senior unsecured notes | Mortgage and other secured debt | Other debt | Interest-rate swap assets | Interest-rate swap liabilities |"}
{"_id": "d85fc6834", "title": "", "text": "| 2008 2007 2006 | East | Central | West | Houston | Other | Total |"}
{"_id": "d8b42c2ac", "title": "", "text": "| 2013 2012 2011 | (In millions) | Beginning balance at January 1 | Additions to capitalized exploratory well costs pending the determination of proved reserves | Reclassifications to wells, facilities and equipment based on the determination of proved reserves | Capitalized exploratory well costs charged to expense | Dispositions and other | Ending balance at December 31 | Number of wells at end of year |"}
{"_id": "d829d994c", "title": "", "text": "Backlog Applied manufactures systems to meet demand represented by order backlog and customer commitments.\nBacklog consists of: (1) orders for which written authorizations have been accepted and assigned shipment dates are within the next 12 months, or shipment has occurred but revenue has not been recognized; and (2) contractual service revenue and maintenance fees to be earned within the next 12 months.\nBacklog by reportable segment as of October 27, 2013 and October 28, 2012 was as follows:"}
{"_id": "d8da5bd74", "title": "", "text": "| Revenue Mix Summary Comparable Store Sales Summary | 12 Months Ended January 31, 2015 | Consumer Electronics | Computing and Mobile Phones | Entertainment | Appliances | Services | Other | Total |"}
{"_id": "d863d00c4", "title": "", "text": "The decrease in depreciation and amortization expenses during the year ended December 31, 2017 compared to the year ended December 31, 2016 was primarily a result of a decrease in amortization expense due to certain capitalized software costs being fully amortized between December 31, 2016 and December 31, 2017.\nThe decrease in depreciation and amortization expenses during the year ended December 31, 2016 compared to the year ended December 31, 2015 was primarily a result of the recognition of $13 million in accelerated amortization in 2015 on a management contract intangible asset for a property that was managed by us prior to our acquisition of it and its transfer of ownership to Park upon completion of the spin-offs.\nThe increase in general and administrative expenses during the year ended December 31, 2017 compared to the year ended December 31, 2016 was primarily the result of increased share-based compensation expense of $29 million mainly due to an increase in retirement eligible participants, resulting in the acceleration of expense recognition, as well as additional expense recognized from a special equity grant to certain participants in connection with the spin-offs.\nAdditionally, $18 million in\ninvested assets was due to increased cash flows from the sales of fixed annuity products and more customers electing the fixed option on variable annuity sales, which were reinvested primarily in fixed maturity securities, other invested assets and mortgage loans.\nYields were adversely impacted by the severe downturn in the global financial markets which primarily impacted real estate joint ventures, fixed maturity securities and cash, cash equivalents and short-term investments.\nThe moderate improvement in the equity markets in 2009 led to an increase in yields on other limited partnership interests and certain other invested assets, which partially offset the overall reduction in yields.\nTo manage the needs of our intermediate to longer-term liabilities, our portfolio consists primarily of investment grade corporate fixed maturity securities, structured finance securities, mortgage loans and U. S.  Treasury, agency and government guaranteed fixed maturity securities and, to a lesser extent, certain other invested asset classes, including real estate joint ventures in order to provide additional diversification and opportunity for long-term yield enhancement.\nAs is typically the case with fixed annuity products, higher net investment income was somewhat offset by higher interest credited expense.\nGrowth in our fixed annuity policyholder account balances increased interest credited expense by $177 million in 2009 and higher average crediting rates on fixed annuities increased interest credited expense by $37 million.\nOperating earnings were negatively impacted by $348 million of operating losses related to the hedging programs for variable annuity minimum death and income benefit guarantees, which are not embedded derivatives, partially offset by a decrease in the liability established for these variable annuity guarantees.\nThe various hedging strategies in place to offset the risk associated with these variable annuity guarantee benefits were more sensitive to market movements than the liability for the guaranteed benefit.\nMarket volatility, improvements in the equity markets, and higher interest rates produced operating losses on these hedging strategies in the current year.\nOur hedging strategies, which are a key part of our risk management, performed as anticipated.\nThe decrease in annuity guarantee benefit liabilities was due to the improvement in the equity markets, higher interest rates and the annual unlocking of future market expectations.\nOther expenses increased by $221 million primarily due to an increase of $122 million from the impact of market conditions on certain expenses.\nThese expenses are largely comprised of reinsurance costs, pension and postretirement benefit expenses, and letter of credit fees.\nIn addition, variable expenses, such as commissions and premium taxes, increased $76 million, the majority of which have been offset by DAC capitalization.\nThe positive impact of our Operational Excellence initiative was reflected in lower information technology, travel, professional services and advertising expenses, but was more than offset by increases largely due to business growth.\nFinally, policy fees and other revenues decreased by $100 million, mainly due to lower average separate account balances in the current year versus prior year."}
{"_id": "d89498e68", "title": "", "text": "| Year ended December 31, | 2007 | (in millions) | Tax provision | Impact of: | Non-taxable investment income | Foreign taxes at other than U.S. rate | Low income housing and other tax credits | Change in valuation allowance | State and local taxes | Non-deductible expenses | Completion of Internal Revenue Service examination for the years 1997 to 2001 | Other | Tax provision excluding these items | Tax provision at statutory rate | December 31, 2007 | Industry-1 | (in millions) | Corporate Securities: | Manufacturing | Finance | Utilities | Services | Energy | Transportation | Retail and Wholesale | Other | Total Corporate Securities | Foreign Government | Asset-Backed Securities | Residential Mortgage Backed-3 | Commercial Mortgage Backed-4 | U.S. Government | Total -5 |"}
{"_id": "d8d66fa1c", "title": "", "text": "| Total per BOE Total United States West Africa Eastern Mediter-ranean North Sea Other Int'l-1 | (millions, except per unit) | Year Ended December 31, 2009 | Lease Operating Expense-2 | Production and Ad Valorem Taxes | Transportation Expense | Total Production Costs-3 | Total Production Costs per BOE | Year Ended December 31, 2008 | Lease Operating Expense-2 | Production and Ad Valorem Taxes | Transportation Expense | Total Production Costs-3 | Total Production Costs per BOE | Year Ended December 31, 2007 | Lease Operating Expense-2 | Production and Ad Valorem Taxes | Transportation Expense | Total Production Costs-3 | Total Production Costs per BOE |"}
{"_id": "d8a77a018", "title": "", "text": "O&Rs gas operating revenues decreased $11 million in 2012 compared with 2011 due primarily to the decrease in gas purchased for resale in 2012 ($18 million), offset in part by the gas rate plan Sales and transportation volumes for firm customers decreased 6.1 percent in 2012 compared with 2011.\nAfter adjusting for weather and other variations, total firm sales and transportation volumes increased 1.4 percent in 2012 compared with 2011"}
{"_id": "d8c60e060", "title": "", "text": "| Rental   Income Sublease   Income Gross   Rental   Payments | (In millions) | 2007 | 2008 | 2009 | 2010 | 2011 | Thereafter |"}
{"_id": "d889a7e78", "title": "", "text": "| TargetAllocationRange Percentage of Plan Assets by Strategy atDecember 31 | PNC Pension Plan | Asset Category | Domestic Equity | International Equity | Private Equity | Total Equity | Domestic Fixed Income | High Yield Fixed Income | Total Fixed Income | Real estate | Other | Total |"}
{"_id": "d89abe374", "title": "", "text": "| Consolidated Total Revenues for the Three Months Ended1 | 2018 | (Amounts in Millions) | March 31 | June 30 | September 30 | December 31 | $9,714.4 |"}
{"_id": "d85dae574", "title": "", "text": "| December 31 (dollars in millions) 2010 2009 | Buy | Euro | Canadian dollar | Mexican peso | Total |"}
{"_id": "d8ad5a82a", "title": "", "text": "| Benchmark 2012 2011 2010 | WTI crude oil(Dollars per bbl) | WCS(Dollars per bbl)(a) | AECO natural gas sales index(Dollars per mmbtu)(b) |"}
{"_id": "d8d590a6a", "title": "", "text": "| 2016 2015 2014 2013 | $33,809 |"}
{"_id": "d8ba12e3c", "title": "", "text": "| 2019 2020 2021 2022 2023 Thereafter Total | Property mortgages and other loans | MRA and FHLB facilities | Revolving credit facility | Unsecured term loans | Senior unsecured notes | Trust preferred securities | Capital lease | Ground leases | Estimated interest expense | Joint venture debt | Total |"}
{"_id": "d82d2c63a", "title": "", "text": "commitments.\nHowever, while we could not assure that we would be successful, our goal was to have an increase in NovaSure system backlog, followed by an increase in sequential growth of revenue during fiscal 2009 with sales to the physician office-based market playing a role in that increase.\nOur gross margin in this business segment was 67% during this period and includes a charge of $12.4 million for the write-up to fair value of the Cytyc inventory sold during the first fiscal quarter of 2008.\nThe operating loss for fiscal 2008 also includes a $284.8 million charge for in-process research and development as a result of the merger with Cytyc and a $2.9 million impairment charge of the Helica Thermal Coagulator System intangibles.\nThis segment included stock-based compensation of $3.8 million in fiscal 2008, as well as a $2.4 million restructuring charge in the third quarter related to the resignation of our Executive Chairman in May 2008."}
{"_id": "d87ab18ec", "title": "", "text": "Managements discussion and analysis J. P.  Morgan Chase & Co.  Chase Auto Finance CAF is the largest U. S.  bank originator of automobile loans and leases, with more than 2.9 million accounts.\nIn 2003, CAF had a record number of automobile loan and lease originations, growing by 10% over 2002 to $27.8 billion.\nLoan and lease receivables of $43.2 billion at December 31, 2003, were 16% higher than at the prior year-end.\nDespite a challenging operating environment reflecting slightly declining new car sales in 2003 and increased competition, CAFs market share among automobile finance companies improved to 6.1% in 2003 from 5.7% in 2002.\nThe increase in market share was the result of strong organic growth and an origination strategy that allies the business with manufacturers and dealers.\nCAFs relationships with several major car manufacturers contributed to 2003 growth, as did CAFs dealer relationships, which increased from approximately 12,700 dealers in 2002 to approximately 13,700 dealers in 2003.\nIn 2003, operating earnings were $205 million, 23% higher compared with 2002.\nThe increase in earnings was driven by continued revenue growth and improved operating efficiency.\nIn 2003, CAFs operating revenue grew by 23% to $842 million.\nNet interest income grew by 33% compared with 2002.\nThe increase was driven by strong operating performance due to higher average loans and leases outstanding, reflecting continued strong origination volume and lower funding costs.\nOperating expense of $292 million increased by 18% compared with 2002.\nThe increase in expenses was driven by higher average oans outstanding, higher origination volume and higher performance-based incentives.\nCAFs overhead ratio improved from 36% in 2002 to 35% in 2003, as a result of strong revenue growth, continued productivity gains and disciplined expense management.\nCredit costs increased 18% to $205 million, primarily reflecting a 32% increase in average loan and lease receivables.\nCredit quality continued to be strong relative to 2002, as evidenced by a lower net charge-off ratio and 30+ day delinquency rate.\nCAF also comprises Chase Education Finance, a top provider of government-guaranteed and private loans for higher education.\nLoans are provided through a joint venture with Sallie Mae, a government-sponsored enterprise and the leader in funding and servicing education loans.\nChase Education Finances origination volume totaled $2.7 billion, an increase of 4% from last year."}
{"_id": "d8b39b310", "title": "", "text": "| Standardized Capital Rules as of December | $ in millions | Credit RWAs | Derivatives | Commitments, guarantees and loans | Securities financing transactions | Equity investments | Other | Total Credit RWAs | Market RWAs | Regulatory VaR | Stressed VaR | Incremental risk | Comprehensive risk | Specific risk | Total Market RWAs | Total RWAs |"}
{"_id": "d8159e41e", "title": "", "text": "ORSA 2014: On April 8, 2014, the Company acquired the remaining 25% of shares of Orsa International Paper Embalangens S. A.\n(Orsa IP) from its joint venture partner, Jari Celulose, Papel e Embalagens S. A.\n(Jari), a Grupo Orsa company, for approximately $127 million, of which $105 million was paid in cash with the remaining $22 million held back pending satisfaction of certain indemnification obligations by Jari.\nInternational Paper will release the amount held back, or any amount for which we have not notified Jari of a claim, by March 30, 2016.\nAn additional $11 million, which was not included in the purchase price, was placed in an escrow account pending resolution of certain open matters.\nDuring 2014, these open matters were successfully resolved, which resulted in $9 million paid out of escrow to Jari and correspondingly added to the final purchase consideration.\nThe remaining $2 million was released back to the Company.\nAs a result of this transaction, the Company reversed the $168 million of Redeemable noncontrolling interest included on the March 31, 2014 consolidated balance sheet.\nThe net difference between the Redeemable noncontrolling interest balance plus $14 million of currency translation adjustment reclassified out of Other comprehensive income less the 25% purchase price was reflected as an increase to Retained earnings on the consolidated balance sheet."}
{"_id": "d8a854326", "title": "", "text": "| (dollars in millions) 2016 2017 2018 | Total Assets | Long-term Debt | Common Stockholders' Equity | Total Debt-to-Total Capital Ratio | Net Debt-to-Net Capital Ratio | Operating Cash Flow-to-Debt Ratio | Interest Coverage Ratio |"}
{"_id": "d8782c0f4", "title": "", "text": "| Key Performance IndicatorsTwelve Months EndedDecember 31, | 2017 | (In millions, except per share data) | Operating revenue | Operating revenue change | Operating income | Operating margin | Net income attributable to Equifax | Diluted earnings per share | Cash provided by operating activities | Capital expenditures* |"}
{"_id": "d88ee0bf6", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements A valuation allowance has been recorded against deferred tax assets related to state and local taxes and foreign operations.\nAdjustments to the valuation allowance are made to reflect changes in management’s assessment of the amount of the deferred tax asset that is realizable and the amount of deferred tax asset actually realized during the year.\nThe valuation allowance includes amounts recorded in connection with deferred tax assets as follows:"}
{"_id": "d87da9cd4", "title": "", "text": "| In millions of dollars 2010 2009 2008 % Change 2010 vs. 2009 % Change 2009 vs. 2008 | Net interest revenue | Non-interest revenue | Total revenues, net of interest expense | Total operating expenses | Net credit losses | Credit reserve build (release) | Provisions for benefits and claims | Provisions for loan losses and for benefits and claims | Income (loss) from continuing operations before taxes | Income taxes (benefits) | Income (loss) from continuing operations | Net income attributable to noncontrolling interests | Net income (loss) | Average assets(in billions of dollars) | Average deposits(in billions of dollars) | Net credit losses as a percentage of average loans | Revenue by business | Retail banking | Citi-branded cards | Total | Income (loss) from continuing operations by business | Retail banking | Citi-branded cards | Total |"}
{"_id": "d8f62a258", "title": "", "text": "CITIZENS FINANCIAL GROUP, INC.\nSELECTED CONSOLIDATED FINANCIAL DATA 58 ITEM 6.\nSELECTED CONSOLIDATED FINANCIAL DATA We derived the selected Consolidated Statement of Operating data for the years ended December 31, 2014, 2013, 2012 and the selected Consolidated Balance Sheet data as of December 31, 2014 and 2013 from our audited Consolidated Financial Statements in Part II, Item 8 — Financial Statements and Supplementary Data, included elsewhere in this report.\nWe derived the selected Consolidated Statement of Operations data for the years ended December 31, 2011 and 2010 and the selected Consolidated Balance Sheet data as of December 31, 2012, 2011, and 2010 from our audited Consolidated Financial Statements, not included herein.\nOur historical results are not necessarily indicative of the results expected for any future period.\nYou should read the following selected consolidated financial data in conjunction with “Management's Discussion and Analysis of Financial Condition and Results of Operations” in Part II, Item 7 and our audited Consolidated Financial Statements and the Notes thereto in Part II, Item 8 — Financial Statements and Supplementary Data, both included elsewhere in this report."}
{"_id": "d8ed764ae", "title": "", "text": "| December 31, 2004 Percentage of Total December 31, 2003 Percentage of Total | (dollars in thousands) | IBNR | Reported claims in process | Other medical expenses payable | Total medical and other expenses payable |"}
{"_id": "d880d3e96", "title": "", "text": "| Number of Shares Weighted Average Fair Value Intrinsic Value (in millions) | Outstanding, Jan. 1, 2006 | Granted | Forfeited | Outstanding, Dec. 31, 2006 |"}
{"_id": "d8d70d2d0", "title": "", "text": "| Year Ended December 31, | 2018 | Revenue: | Fee revenue: | Occupier outsourcing | Property management | Valuation | Loan servicing | Leasing | Capital Markets: | Sales | Commercial mortgage origination | Other | Total fee revenue | Pass through costs also recognized as revenue | Total revenue | Costs and expenses: | Cost of services | Operating, administrative and other | Depreciation and amortization | Operating income | Equity income from unconsolidated subsidiaries | Less: Net income attributable to non-controllinginterests | Add-back: Depreciation and amortization | EBITDA | Adjusted EBITDA |"}
{"_id": "d842c8c64", "title": "", "text": "| 2012 2011 2010 | Income from continuing operations attributable to American Tower Corporation | Basic weighted average common shares outstanding | Dilutive securities | Diluted weighted average common shares outstanding | Basic income from continuing operations attributable to | American Tower Corporation per common share | Diluted income from continuing operations attributable to | American Tower Corporation per common share |"}
{"_id": "d8a6a3f5e", "title": "", "text": "| December 31,2011 January 1,2011 | Inventories at FIFO, net | Adjustments to state inventories at LIFO | Inventories at LIFO, net |"}
{"_id": "d87085f80", "title": "", "text": "| (Stated in millions) | 2013 | Revenue | Reservoir Characterization | Drilling | Production | Eliminations & other | Pretax operating income | Corporate & other-1 | Interest income-2 | Interest expense-3 | Charges & credits-4 | $45,266 |"}
{"_id": "d85dae6fa", "title": "", "text": "| Balance at Beginning of Period Goodwill Acquired During the Year Foreign Currency Translation and Other Balance at End of Period | Year Ended December 31, 2004 | Food Packaging | Protective Packaging | Total | Year Ended December 31, 2003 | Food Packaging | Protective Packaging | Total |"}
{"_id": "d8870b548", "title": "", "text": "FUNDING AND LIQUIDITY Overview Citis funding and liquidity objective is to both fund its existing asset base and maintain sufficient excess liquidity so that it can operate under a wide variety of market conditions.\nAn extensive range of liquidity scenarios is considered based on both historical industry experience and hypothetical situations.\nThe approach is to ensure Citi has sufficient funding that is structural in nature so as to accommodate market disruptions for both short- and long-term periods.\nDue to various constraints that limit the free transfer of liquidity or capital between Citi-affiliated entities (as discussed below), Citigroups primary liquidity objectives are established by entity, and in aggregate, across: (i) the non-bank, which is largely comprised of the parent holding company (Citigroup), Citigroup Funding Inc.  (CFI) and Citis brokerdealer subsidiaries (collectively referred to in this section as nonbank); and (ii) Citis bank subsidiaries, such as Citibank, N. A.\nAt an aggregate level, Citigroups goal is to ensure that there is sufficient funding in amount and tenor to ensure that aggregate liquidity resources are available for these entities.\nThe liquidity framework requires that entities be self-sufficient or net providers of liquidity in their designated stress tests and have excess cash capital (as further discussed in Liquidity Measures and Stress Testing below).\nThe primary sources of funding include (i) deposits via Citis bank subsidiaries, which are Citis most stable and lowest-cost source of longterm funding, (ii) long-term debt (including trust preferred securities and other long-term collateralized financing) issued at the non-bank level and certain bank subsidiaries, and (iii) stockholders equity.\nThese sources are supplemented by short-term borrowings, primarily in the form of commercial paper and secured financing (securities loaned or sold under agreements to repurchase) at the non-bank level.\nCitigroup works to ensure that the structural tenor of these funding sources is sufficiently long in relation to the tenor of its asset base.\nIn fact, the key goal of Citis asset-liability management is to ensure that there is excess tenor in the liability structure so as to provide excess liquidity to fund the assets.\nThe excess liquidity resulting from a longer-term tenor profile can effectively offset potential downward pressures on liquidity that may occur under stress.\nThis excess funding is held in the form of aggregate liquidity resources, as described below.\nAggregate Liquidity Resources"}
{"_id": "d88dacb90", "title": "", "text": "The Company enters into operating leases for vehicles whose non-cancelable terms are one year or less in duration with month-to-month renewal options.\nThese leases have been excluded from the table above.\nThe Company estimates payments under such leases will approximate $58 million in 2017.\nThese vehicle leases have guaranteed residual values that have historically been satisfied by the proceeds on the sale of the vehicles.14."}
{"_id": "d81486cd4", "title": "", "text": "Net cash used in financing activities was significantly lower in 2010 than in 2009, primarily as a result of declines in policyholder contract withdrawals, reflecting improved conditions for the life insurance and retirement services businesses was partially offset by the issuance of long-term debt by ILFC, which is discussed in Liquidity of Parent and Subsidiaries — Financial Services — ILFC.\nNet cash used in financing activities was significantly lower in 2009 than in 2008, also primarily as a result of declines in policyholder contract withdrawals, reduction of payments and the FRBNY Credit Facility and a reduction in repayments of other borrowings.\nSee Contractual Obligations herein for additional information."}
{"_id": "d894cfcb0", "title": "", "text": "| 2008 2007 2006 | Recurring tenant improvements | Recurring leasing costs | Building improvements | Totals |"}
{"_id": "d88e28560", "title": "", "text": "The 2006 impact on the Consolidated Balance Sheet of the purchase price allocations related to the 2006 acquisitions and adjustments relative to other acquisitions within the allocation period were provided in the preceding table.\nYear 2005 acquisitions: The Company acquired CUNO on August 2, 2005.\nThe operating results of CUNO are included in the Industrial and Transportation Business segment.\nCUNO is engaged in the design, manufacture and marketing of a comprehensive line of filtration products for the separation, clarification and purification of fluids and gases.3M and CUNO have complementary sets of filtration technologies, creating an opportunity to bring an even wider range of filtration solutions to customers around the world.3M acquired CUNO for approximately $1.36 billion, comprised of $1.27 billion of cash paid (net of cash acquired) and the acquisition of $80 million of debt, most of which has been repaid.\nPurchased identifiable intangible assets of $268 million for the CUNO acquisition will be amortized on a straight-line basis over lives ranging from 5 to 20 years (weighted-average life of 15 years).\nIn-process research and development charges from the CUNO acquisition were not material.\nPro forma information related to this acquisition is not included because its impact on the Company’s consolidated results of operations is not considered to be material.\nThe allocation of the purchase price is presented in the table that follows."}
{"_id": "d889b1f54", "title": "", "text": "Gas Sales and Deliveries O&R generally recovers the cost of the gas that it buys and then sells to its full-service customers.\nIt does not make any margin or profit on the gas it sells.\nO&R’s gas revenues are subject to a weather normalization clause.\nO&R’s New York gas revenues (which accounted for substantially all of O&R’s gas revenues in 2015) are subject to a revenue decoupling mechanism.\nAs a result, its gas delivery revenues are generally not affected by changes in delivery volumes from levels assumed when rates were approved.\nO&R’s gas sales and deliveries for the last five years were:"}
{"_id": "d8d362680", "title": "", "text": "| Years Ended December 31, | 2008 | (In millions) | Operating Revenues | Premiums | Universal life and investment-type product policy fees | Net investment income | Other revenues | Total operating revenues | Operating Expenses | Policyholder benefits and claims and policyholder dividends | Interest credited to policyholder account balances | Capitalization of DAC | Amortization of DAC and VOBA | Interest expense | Other expenses | Total operating expenses | Provision for income tax expense (benefit) | Operating earnings |"}
{"_id": "d82235164", "title": "", "text": "Liquidity Monitoring and Measurement Stress Testing Liquidity stress testing is performed for each of Citi’s major entities, operating subsidiaries and/or countries.\nStress testing and scenario analyses are intended to quantify the potential impact of a liquidity event on the balance sheet and liquidity position, and to identify viable funding alternatives that can be utilized.\nThese scenarios include assumptions about significant changes in key funding sources, market triggers (such as credit ratings), potential uses of funding and political and economic conditions in certain countries.\nThese conditions include expected and stressed market conditions as well as Company-specific events.\nLiquidity stress tests are conducted to ascertain potential mismatches between liquidity sources and uses over a variety of time horizons (overnight, one week, two weeks, one month, three months, one year) and over a variety of stressed conditions.\nLiquidity limits are set accordingly.\nTo monitor the liquidity of an entity, these stress tests and potential mismatches are calculated with varying frequencies, with several tests performed daily.\nGiven the range of potential stresses, Citi maintains a series of contingency funding plans on a consolidated basis and for individual entities.\nThese plans specify a wide range of readily available actions for a variety of adverse market conditions or idiosyncratic stresses.\nShort-Term Liquidity Measurement: Liquidity Coverage Ratio (LCR) In addition to internal measures that Citi has developed for a 30-day stress scenario, Citi also monitors its liquidity by reference to the LCR, as calculated pursuant to the U. S. LCR rules.\nGenerally, the LCR is designed to ensure that banks maintain an adequate level of HQLA to meet liquidity needs under an acute 30-day stress scenario.\nThe LCR is calculated by dividing HQLA by estimated net outflows over a stressed 30-day period, with the net outflows determined by applying prescribed outflow factors to various categories of liabilities, such as deposits, unsecured and secured wholesale borrowings, unused lending commitments and derivatives-related exposures, partially offset by inflows from assets maturing within 30 days.\nBanks are required to calculate an add-on to address potential maturity mismatches between contractual cash outflows and inflows within the 30-day period in determining the total amount of net outflows.\nThe minimum LCR requirement is 100%, effective January 2017.\nIn December 2016, the Federal Reserve Board adopted final rules which require additional disclosures relating to the LCR of large financial institutions, including Citi.\nAmong other things, the final rules require Citi to disclose components of its average HQLA, LCR and inflows and outflows each quarter.\nIn addition, the final rules require disclosure of Citi’s calculation of the maturity mismatch add-on as well as other qualitative disclosures.\nThe effective date for these disclosures is April 1, 2017."}
{"_id": "d8f6dc426", "title": "", "text": "| Immediate change in rates | (in millions) | December 31, 2009 | December 31, 2008 |"}
{"_id": "d8d8f5f02", "title": "", "text": "| (Amounts in millions) 2014 Percent change 2013 Percent change 2012 | Nonhedge derivative income (loss) | Total return swap | Derivative fair value credit adjustments | Total |"}
{"_id": "d811284de", "title": "", "text": "| Twelve months ended December 31, | 2016 | (in millions, except as noted) | Net sales | Cost of sales | Gross margin | Gross margin percentage | Sales volume by product tons (000s) | Sales volume by nutrient tons (000s)(1) | Average selling price per product ton | Average selling price per nutrient ton-1 | Gross margin per product ton | Gross margin per nutrient ton-1 | Depreciation and amortization | Unrealized net mark-to-market loss (gain) on natural gas derivatives |"}
{"_id": "d8292c3fa", "title": "", "text": "| 2006 2005 | (in millions) | Assets: | Fixed maturities | Equity securities | Mortgage loans on real estate, policy and collateral loans | Securities available for sale | Trading securities | Spot commodities | Unrealized gain on swaps, options and forward transactions | Trading assets | Securities purchased under agreements to resell | Finance receivables, net of allowance | Securities lending collateral | Other invested assets(b) | Short-term investments | Cash | Liabilities: | Policyholders’ contract deposits | Borrowings under obligations of guaranteed investment agreements | Securities sold under agreements to repurchase | Trading liabilities | Hybrid financial instrument liabilities | Securities and spot commodities sold but not yet purchased | Unrealized loss on swaps, options and forward transactions | Trust deposits and deposits due to banks and other depositors | Commercial paper | Notes, bonds, loans and mortgages payable | Securities lending payable |"}
{"_id": "d899b63be", "title": "", "text": "| NBCUniversal 3.65% senior notes due 2015 $1,000 | Comcast 5.90% senior notes due 2016(a) | Comcast 6.50% senior notes due 2015 | Comcast 5.85% senior notes due 2015(a) | Comcast 8.75% senior notes due 2015 | Other | Total |"}
{"_id": "d87e41d7c", "title": "", "text": "| In millions U.S. Plans Non-U.S.Plans | Current year actuarial (gain) loss | Amortization of actuarial loss | Current year prior service cost | Amortization of prior service cost | Settlements | $1,175 |"}
{"_id": "d843a7a40", "title": "", "text": "| Years Ended | December 28, 2013 | Net Sales: | Health care distribution -1: | Dental | Animal health | Medical | Total health care distribution | Technology and value-added services -2 | Total | -1 | generic pharmaceuticals, vaccines, surgical products, diagnostic tests, infection-control products and vitamins. | -2 | and financial and other services, including e-services and continuing education services for practitioners. |"}
{"_id": "d842dce1c", "title": "", "text": "| As of September 30, | 2010 | ($ in 000’s) | Nonaccrual Loans: | Corporate | Residential/Consumer-1 | Total | Accruing Loans Which are 90 Days Past Due: | Corporate | Residential/Consumer | Total | Total Nonperforming Loans | Real Estate Owned and Other Repossessed Assets, Net: | Corporate | Residential/Consumer | Total | Total Nonperforming Assets, Net | Total Nonperforming Assets as a % of Total Loans, Net and Other Real Estate Owned, Net |"}
{"_id": "d872994ca", "title": "", "text": "| Range of U.S. Dollar Carrying Value | Maturities | (dollars in millions) | 2006-2039 | 2006-2010 | 2006-2024 | 2005-2009 | 2006-2035 | 2006-2015 | 2007-2024 | 2007-2015 | Total |"}
{"_id": "d86abb1e0", "title": "", "text": "| Segment Software Other intangible assets | Engineered Products and Solutions | Global Rolled Products | Transportation and Construction Solutions |"}
{"_id": "d8c59d59a", "title": "", "text": "| Year Ended December 31, Change | (in thousands, except percentages) | Revenue: | Lease licenses | Perpetual licenses | Software licenses | Maintenance | Service | Maintenance and service | Total revenue |"}
{"_id": "d8a3d46a2", "title": "", "text": "| 2014 Quarters 2013 Quarters | (Dollars in millions) | Reconciliation of net interest income to net interest income on a fully taxable-equivalent basis | Net interest income | Fully taxable-equivalent adjustment | Net interest income on a fully taxable-equivalent basis | Reconciliation of total revenue, net of interest expense to total revenue, net of interest expense on a fully taxable-equivalent basis | Total revenue, net of interest expense | Fully taxable-equivalent adjustment | Total revenue, net of interest expense on a fully taxable-equivalent basis | Reconciliation of income tax expense (benefit) to income tax expense (benefit) on a fully taxable-equivalent basis | Income tax expense (benefit) | Fully taxable-equivalent adjustment | Income tax expense (benefit) on a fully taxable-equivalent basis | Reconciliation of average common shareholders’ equity to average tangible common shareholders’ equity | Common shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible common shareholders’ equity | Reconciliation of average shareholders’ equity to average tangible shareholders’ equity | Shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible shareholders’ equity | Reconciliation of period-end common shareholders’ equity to period-end tangible common shareholders’ equity | Common shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible common shareholders’ equity | Reconciliation of period-end shareholders’ equity to period-end tangible shareholders’ equity | Shareholders’ equity | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible shareholders’ equity | Reconciliation of period-end assets to period-end tangible assets | Assets | Goodwill | Intangible assets (excluding MSRs) | Related deferred tax liabilities | Tangible assets |"}
{"_id": "d8aaa29f2", "title": "", "text": "| December 31, 2012 December 31, 2011 | Level 1 | (In thousands) | Interest rate swaps |"}
{"_id": "d8e16233e", "title": "", "text": "| $ in billions 2017 2016 2015 | Institutional Securities | Wealth Management | Investment Management | Parent Company | Total |"}
{"_id": "d8d4f7072", "title": "", "text": "| In millions 2013 2012 2011 | Revenue (loss) (a) | Expense (a) | Cash receipts (b) | Cash payments (c) |"}
{"_id": "d8abd30d8", "title": "", "text": "| QualifiedPension Plans Non-U.S.Pension Plans Nonqualifiedand OtherPension Plans | (Dollars in millions) | Plans with ABO in excess of plan assets | PBO | ABO | Fair value of plan assets | Plans with PBO in excess of plan assets | PBO | Fair value of plan assets |"}
{"_id": "d8ae711fa", "title": "", "text": "| 2007 2006 2005 | U.S. | Europe | APMEA | Other Countries & Corporate | Total |"}
{"_id": "d8e91eab4", "title": "", "text": "Note H – Other Material Contingencies Manhattan Steam Main Rupture In July 2007, a CECONY steam main located in midtown Manhattan ruptured.\nIt has been reported that one person died and others were injured as a result of the incident.\nSeveral buildings in the area were damaged.\nDebris from the incident included dirt and mud containing asbestos.\nThe response to the incident required the closing of several buildings and streets for various periods.\nApproximately ninety suits are pending against the company seeking generally unspecified compensatory and, in some cases, punitive damages, for wrongful death, personal injury, property damage and business interruption.\nThe company has notified its insurers of the incident and believes that the policies in force at the time of the incident will cover the company’s costs to satisfy its liability to others in connection with the suits.\nIn the company’s estimation, there is not a reasonable possibility that an exposure to loss exists for the suits that is materially in excess of the estimated liability accrued.\nAt December 31, 2015, the company has accrued its estimated liability for the suits of $50 million and an insurance receivable in the same amount.\nManhattan Explosion and Fire On March 12, 2014, two multi-use five-story tall buildings located on Park Avenue between 116th and 117th Street in Manhattan were destroyed by an explosion and fire.\nCECONY had delivered gas to the buildings through service lines from a distribution main located below ground on Park Avenue.\nEight people died and more than 50 people were injured.\nAdditional buildings were also damaged.\nThe National Transportation Safety Board (NTSB) investigated.\nThe parties to the investigation included the company, the City of New York, the Pipeline and Hazardous Materials Safety Administration and the NYSPSC (which also conducted an investigation).\nIn June 2015, the NTSB issued a final report concerning the incident, its probable cause and safety recommendations.\nThe NTSB determined that the probable cause of the incident was (1) the failure of a defective fusion joint at a service tee (which joined a plastic service line to a plastic distribution main) installed by the company that allowed gas to leak from the distribution main and migrate into a building where it ignited and (2) a breach in a City sewer line that allowed groundwater and soil to flow into the sewer, resulting in a loss of support for the distribution main, which caused it to sag and overstressed the defective fusion joint.\nThe NTSB also made safety recommendations, including recommendations to the company that addressed its procedures for the preparation and examination of plastic fusions, training of its staff on conditions for notifications to the City’s Fire Department and extension of its gas main isolation valve installation program.\nApproximately seventy suits are pending against the company seeking generally unspecified damages and, in one case, punitive damages, for wrongful death, personal injury, property damage and business interruption.\nThe company has notified its insurers of the incident and believes that the policies in force at the time of the incident will cover the company’s costs, in excess of a required retention (the amount of which is not material), to satisfy any liability it may have for damages in connection with the incident.\nThe company is unable to estimate the amount or range of its possible loss related to the incident.\nAt December 31, 2015, the company had not accrued a liability for the incident.\nOther Contingencies See “Other Regulatory Matters” in Note B and \nUncertain Tax Positions"}
{"_id": "d8ab5b8f8", "title": "", "text": "In 2013, the Company incurred other operating charges of $895 million, which primarily consisted of $494 million associated with the Company’s productivity and reinvestment program; $195 million due to the impairment of certain intangible assets; $188 million due to the Company’s other productivity, integration and restructuring initiatives; and $22 million due to charges associated with certain of the Company’s fixed assets.\nRefer to Note 17 of Notes to Consolidated Financial Statements for further information on the impairment charges.\nRefer to Note 18 of Notes to Consolidated Financial Statements and see below for further information on the Company’s productivity and reinvestment program, as well as the Company’s other productivity, integration and restructuring initiatives.\nRefer to Note 19 of Notes to Consolidated Financial Statements for the impact these charges had on our operating segments."}
{"_id": "d87b8ca78", "title": "", "text": "Orders Total orders for the year ended October 31, 2016 were $2,953 million, an increase of 3 percent when compared to 2015.\nForeign currency movements had an unfavorable impact of 1 percentage point on the year-over-year compare.\nOrders associated with acquisitions accounted for 5 percentage points of order growth for the year ended October 31, 2016 when compared to 2015.\nOrders grew across all operating segments with growth in all regions.\nTotal orders decreased 4 percent in 2015 compared to 2014, with declines in the Communication Solutions Group and the Electronic Industrial Solutions Group, partially offset by growth in the Services Solutions Group.\nForeign currency movements had an unfavorable impact of 4 percentage points on the year-over-year compare.\nThe orders associated with acquisitions accounted for 1 percentage point of order growth for the year ended October 31, 2015 when compared to 2014."}
{"_id": "d8f66c716", "title": "", "text": "| 2010 | Amortized Cost | (in millions) | Fixed maturities, available for sale | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds | Corporate securities | Asset-backed securities-1 | Commercial mortgage-backed securities | Residential mortgage-backed securities-2 | Total fixed maturities, available for sale | Equity securities, available for sale |"}
{"_id": "d8988f6de", "title": "", "text": "| December 31 | 2007 | Federal Funds | Spot rates | 12-month forward rates | (Dollars in millions) | Curve Change | +100 Parallel shift | -100 Parallel shift | Flatteners | Short end | Long end | Steepeners | Short end | Long end |"}
{"_id": "d88611fac", "title": "", "text": "| Year ending March 31, Operating Leases | 2005 | 2006 | 2007 | 2008 | 2009 | Thereafter | Total future minimum lease payments |"}
{"_id": "d89a6e95a", "title": "", "text": "Impairment in Equity Method Investment Due to impairment indicators present for the years ended June 30, 2019, 2018 and 2017, the Company performed impairment tests by comparing the carrying value of its investment in AMVIG Holdings Limited (\"AMVIG\") at the end of each period, including interim periods, to the fair value of the investment, which was determined based on AMVIG's quoted share price.\nThe Company recorded impairment charges in fiscal years 2019 and 2018 of $14.0 million and $36.5 million, respectively, as the fair value of the investment was below its carrying value.\nThe Company did not record an impairment charge in 2017 as the fair value of the investment was above its carrying value.\nRefer to Note 7, \"Equity Method Investments\" for more information about the Company's equity method investments.\nHigh Inflation Accounting The Company has subsidiaries in Argentina that historically had a functional currency of the Argentine Peso.\nAs of June 30, 2018, the Argentine economy was designated as highly inflationary for accounting purposes.\nAccordingly, beginning July 1, 2018, the Company began reporting the financial results of its Argentinean subsidiaries with a functional currency of the Argentine Peso at the functional currency of the parent, which is the U. S.  dollar.\nThe transition to highly inflationary accounting resulted in a negative impact of $30.2 million that was reflected on the consolidated statement of income for the year ended June 30, 2019.24 Results of Operations Consolidated Results of Operations"}
{"_id": "d8df72a10", "title": "", "text": "| As of December | $ in millions | Tier 1 capital | Tier 2 capital | Total capital | Risk-weighted assets | Tier 1 capital ratio | Total capital ratio | Tier 1 leverage ratio |"}
{"_id": "d8bec3d14", "title": "", "text": "| Dollars in millions 2014 2013 | January 1 | Total net charge-offs (a) | Provision for credit losses | Net change in allowance for unfunded loan commitments and letters of credit | Other | December 31 | Net charge-offs to average loans (for the year ended) (a) | Allowance for loan and lease losses to total loans | Commercial lending net charge-offs | Consumer lending net charge-offs (a) | Total net charge-offs | Net charge-offs to average loans (for the year ended) | Commercial lending | Consumer lending (a) |"}
{"_id": "d8c04e602", "title": "", "text": "Stock-based awards under the Plan Stock options – Marathon grants stock options under the 2007 Plan and previously granted options under the 2003 Plan.\nMarathon’s stock options represent the right to purchase shares of common stock at the fair market value of the common stock on the date of grant.\nThrough 2004, certain stock options were granted under the 2003 Plan with a tandem stock appreciation right, which allows the recipient to instead elect to receive cash and/or common stock equal to the excess of the fair market value of shares of common stock, as determined in accordance with the 2003 Plan, over the option price of the shares.\nIn general, stock options granted under the 2007 Plan and the 2003 Plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted.\nStock appreciation rights – Prior to 2005, Marathon granted SARs under the 2003 Plan.\nNo stock appreciation rights have been granted under the 2007 Plan.\nSimilar to stock options, stock appreciation rights represent the right to receive a payment equal to the excess of the fair market value of shares of common stock on the date the right is exercised over the grant price.\nUnder the 2003 Plan, certain SARs were granted as stock-settled SARs and others were granted in tandem with stock options.\nIn general, SARs granted under the 2003 Plan vest ratably over a three-year period and have a maximum term of ten years from the date they are granted.\nStock-based performance awards – Prior to 2005, Marathon granted stock-based performance awards under the 2003 Plan.\nNo stock-based performance awards have been granted under the 2007 Plan.\nBeginning in 2005, Marathon discontinued granting stock-based performance awards and instead now grants cash-settled performance units to officers.\nAll stock-based performance awards granted under the 2003 Plan have either vested or been forfeited.\nAs a result, there are no outstanding stock-based performance awards.\nRestricted stock – Marathon grants restricted stock and restricted stock units under the 2007 Plan and previously granted such awards under the 2003 Plan.\nIn 2005, the Compensation Committee began granting time-based restricted stock to certain U. S. -based officers of Marathon and its consolidated subsidiaries as part of their annual long-term incentive package.\nThe restricted stock awards to officers vest three years from the date of grant, contingent on the recipient’s continued employment.\nMarathon also grants restricted stock to certain non-officer employees and restricted stock units to certain international employees (“restricted stock awards”), based on their performance within certain guidelines and for retention purposes.\nThe restricted stock awards to non-officers generally vest in one-third increments over a three-year period, contingent on the recipient’s continued employment.\nPrior to vesting, all restricted stock recipients have the right to vote such stock and receive dividends thereon.\nThe non-vested shares are not transferable and are held by Marathon’s transfer agent.\nCommon stock units – Marathon maintains an equity compensation program for its non-employee directors under the 2007 Plan and previously maintained such a program under the 2003 Plan.\nAll non-employee directors other than the Chairman receive annual grants of common stock units, and they are required to hold those units until they leave the Board of Directors.\nWhen dividends are paid on Marathon common stock, directors receive dividend equivalents in the form of additional common stock units.\nStock-based compensation expense – Total employee stock-based compensation expense was $80 million, $83 million and $111 million in 2007, 2006 and 2005.\nThe total related income tax benefits were $29 million, $31 million and $39 million.\nIn 2007 and 2006, cash received upon exercise of stock option awards was $27 million and $50 million.\nTax benefits realized for deductions during 2007 and 2006 that were in excess of the stock-based compensation expense recorded for options exercised and other stock-based awards vested during the period totaled $30 million and $36 million.\nCash settlements of stock option awards totaled $1 million and $3 million in 2007 and 2006.\nStock option awards granted – During 2007, 2006 and 2005, Marathon granted stock option awards to both officer and non-officer employees.\nThe weighted average grant date fair value of these awards was based on the following Black-Scholes assumptions:"}
{"_id": "d875492f6", "title": "", "text": "| Standard and Poor’s Moody’s | Debt type | Long-term unsecured debt | Local | Foreign | Short-term unsecured debt |"}
{"_id": "d87af0812", "title": "", "text": "| Years Ended December 31, | (in millions) | AROs, beginning of period | Liabilities acquired in the Acquisition | Liabilities incurred | Liabilities settled | Accretion expense | Revisions in estimated cash flows | Foreign currency translation | AROs, end of period | Less current portion | $1,023.8 |"}
{"_id": "d8339295c", "title": "", "text": "| Year Ended October 31, | 2012 | (in thousands) | Revenue-1 | Net Income-1 | October 31, | 2016 | (in thousands) | Computer and other equipment | Buildings | Furniture and fixtures | Land | Leasehold improvements | 763,079 | Less accumulated depreciation and amortization-1 | Total |"}
{"_id": "d8c08ea68", "title": "", "text": "| Year Ended December 31, 2017 2016 2015 | CONTINUING OPERATIONS | Net income from continuing operations | Less: Net income from continuing operations attributable to noncontrolling interests | Net income from continuing operations attributable to shareowners ofThe Coca-Cola Company | DISCONTINUED OPERATIONS | Net income from discontinued operations | Less: Net income from discontinued operations attributable to noncontrolling interests | Net income from discontinued operations attributable to shareowners ofThe Coca-Cola Company | CONSOLIDATED | Consolidated net income | Less: Net income attributable to noncontrolling interests | Net income attributable to shareowners of The Coca-Cola Company |"}
{"_id": "d8c594a30", "title": "", "text": "| Year Ended December 31, 2016 to 2017 % Change 2015 to 2016 % Change | 2017 | (in thousands) | Advertising services | Data licensing and other | Total revenue |"}
{"_id": "d8c93dbb4", "title": "", "text": "| 2001 | Net sales | Net loss | Basic loss per common share | Diluted loss per common share |"}
{"_id": "d884dad6e", "title": "", "text": "Credit and Liquidity Risk Capital management involves the management of the company's liquidity and cash flows.\nThe company manages its capital by reviewing annual and projected cash flow forecasts and by monitoring credit, liquidity and market risks, such as interest rate and foreign currency risks (as discussed in Item 7A, “Quantitative and Qualitative Disclosures About Market Risk”), through measurement and analysis.\nThe company is primarily exposed to credit risk through its cash and cash equivalent deposits, which are held by external firms.\nThe company invests its cash balances in its own institutional money market products, as well as with external high credit-quality financial institutions.\nThese arrangements create exposure to concentrations of credit risk.\nCredit Risk Credit risk is the risk that one party to a financial instrument will cause a financial loss for the other party by failing to meet an obligation.\nThe company is subject to credit risk in the following areas of its business: ?\nAll cash and cash equivalent balances are subject to credit risk, as they represent deposits made by the company with external banks and other institutions.\nAs of December 31, 2014 , our maximum exposure to credit risk related to our cash and cash equivalent balances is $1,514.2 million .\nSee Item 8, Financial Statements and Supplementary Data - Note 21 , “Related Parties,” for information regarding cash and cash equivalents invested in affiliated money market funds.  ?\nCertain subsidiaries of the company accept deposits and place deposits with other institutions on behalf of our customers.\nAs of December 31, 2014 , our exposure to credit risk related to these transactions is $2.4 million .\nThe company does not utilize credit derivatives or similar instruments to mitigate the maximum exposure to credit risk.\nThe company does not expect any counterparties to its financial instruments to fail to meet their obligations."}
{"_id": "d812ed666", "title": "", "text": "SHARE CAPITAL The number of common shares and common share equivalents issued are represented in the table below:"}
{"_id": "d8f921600", "title": "", "text": "Realized Gains and Losses.\nOur life and health insurance companies collect premium income from policyholders for the eventual payment of policyholder benefits, sometimes paid many years or even decades in the future.\nIn addition to the payment of these benefits, we also incur acquisition costs, administrative expenses, and taxes as a part of insurance operations.\nBecause benefits are expected to be paid in future periods, premium receipts in excess of current expenses are invested to provide for these obligations.\nFor this reason, we hold a significant investment portfolio as a part of our core insurance operations.\nThis portfolio consists primarily of high-quality fixed maturities containing an adequate yield to provide for the cost of carrying these long-term insurance product obligations.\nAs a result, fixed maturities are generally held for long periods to support the liabilities.\nExpected yields on these investments are taken into account when setting insurance premium rates and product profitability expectations.\nBecause our investment portfolio is large and diverse, investments are occasionally sold or called, resulting in a realized gain or loss.\nThese gains and losses occur only incidentally, usually as the result of sales because of deterioration in investment quality of issuers or calls by the issuers.\nInvestment losses are also caused by writedowns due to impairments.\nWe do not engage in trading investments for profit.\nTherefore, gains or losses which occur in protecting the portfolio or its yield, or which result from events that are beyond our control, are only secondary to our core insurance operations of providing insurance coverage to policyholders.\nRealized gains and losses can be significant in relation to the earnings from core insurance operations, and as a result, can have a material positive or negative impact on net income.\nThe significant fluctuations caused by gains and losses can cause the period-to-period trends of net income not to be indicative of historical core operating results nor predictive of the future trends of core operations.\nAccordingly, they have no bearing on core insurance operations or segment results as we view operations.\nFor these reasons, and in line with industry practice, we remove the effects of realized gains and losses when evaluating overall insurance operating results."}
{"_id": "d8b0906ca", "title": "", "text": "ANALOG DEVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) expected durations of less than one year.\nThe Company generally offers a twelve-month warranty for its products.\nThe Companys warranty policy provides for replacement of defective products.\nSpecific accruals are recorded for f known product warranty issues.\nTransaction Price: The transaction price reflects the Companys expectations about the consideration it will be entitled to receive from the customer and may include fixed or variable amounts.\nFixed consideration primarily includes sales to direct customers and sales to distributors in which both the sale to the distributor and the sale to the end customer occur within the same reporting period.\nVariable consideration includes sales in which the amount of consideration that the Company will receive is unknown as of the end of a reporting period.\nSuch consideration primarily includes credits issued to the distributor due to price protection and sales made to distributors under agreements that allow certain rights of return, referred to as stock rotation.\nPrice protection represents price discounts granted to certain distributors to allow the distributor to earn an appropriate margin on sales negotiated with certain customers and in the event of a price decrease subsequent to the date the product was shipped and billed to the distributor.\nStock rotation allows distributors limited levels of returns in order to reduce the amounts of slow-moving, discontinued or obsolete product from their inventory.\nA liability for distributor credits covering variable consideration is made based on the Company's estimate of historical experience rates as well as considering economic conditions and contractual terms.\nTo date, actual distributor claims activity has been materially consistent with the provisions the Company has made based on its historical estimates.\nFor the years ended November 2, 2019 and November 3, 2018, sales to distributors were $3.4 billion in both periods, net of variable consideration for which the liability balances as of November 2, 2019 and November 3, 2018 were $227.0 million and $144.9 million, respectively.\nContract Balances: Accounts receivable represents the Companys unconditional right to receive consideration from its customers.\nPayments are typically due within 30 to 45 days of invoicing and do not include a significant financing component.\nTo date, there have been no material impairment losses on accounts receivable.\nThere were no material contract assets or contract liabilities recorded on the consolidated balance sheets in any of the periods presented.\nThe Company generally warrants that products will meet their published specifications and that the Company will repair or replace defective products for twelve-months from the date title passes to the customer.\nSpecific accruals are recorded for known product warranty issues.\nProduct warranty expenses during fiscal 2019, fiscal 2018 and fiscal 2017 were not material.\no.\nAccumulated Other Comp C rehensive (Loss) Income Accumulated other comprehensive (loss) income (AOCI) includes certain transactions that have generally been reported in the consolidated statement of shareholders equity.\nThe components of AOCI at November 2, 2019 and November 3, 2018 consisted of the following, net of tax:"}
{"_id": "d86b05ace", "title": "", "text": "| 2015 $3.7 | 2016 | 2017 | 2018 | 2019 | 2020-2024 |"}
{"_id": "d88ad9670", "title": "", "text": "| Carrying and Estimated Fair Value Estimated Carrying Value | ($ in thousands) | Cash flow hedges: | Interest rate swaps | Interest rate caps | Total cash flow hedges |"}
{"_id": "d8792edbc", "title": "", "text": "| December 31, (in millions) 2010 2009 | Residential real estate –excluding PCI | Home equity: | Senior lien(a) | Junior lien(b) | Mortgages: | Prime, including option ARMs(c) | Subprime(c) | Other consumer loans | Auto(c) | Business banking | Student and other(c) | Residential real estate – PCI | Home equity | Prime mortgage | Subprime mortgage | Option ARMs | Total retained loans |"}
{"_id": "d8d40a52e", "title": "", "text": "| Years Ended December 31, 2013/2012 2012/2011 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8cdd40b0", "title": "", "text": "| Capital Operating Total FuturePayments | 2018 | 2019 | 2020 | 2021 | 2022 | Thereafter | Total payments | Less amount representing interest | Present value of capitalized lease payments |"}
{"_id": "d8e7d75d4", "title": "", "text": "Investing Activities The decrease in cash used in investing activities in fiscal 2010 compared with fiscal 2009 was due primarily to the $2.2 billion of net cash associated with the acquisition of businesses in fiscal 2009, largely Best Buy Europe.\nAlso contributing to the decrease was a decrease in capital expenditures to $615 million in fiscal 2010, compared to $1.3 billion in fiscal 2009.\nSee Capital Expenditures below for additional information.\nThe change in cash used in investing activities in fiscal 2009, compared with cash provided in fiscal 2008, was due to a decrease in the net sales of investments of $2.3 billion and increases in cash used for acquisition activities and capital expenditures.\nWe liquidated a substantial portion of our investment portfolio in fiscal 2008 in order to repay debt incurred to fund our accelerated share repurchase (ASR) program.\nWe acquired Best Buy Europe and Napster for an aggregate $2.2 billion in fiscal 2009 and Speakeasy for $89 million in fiscal 2008.\nIn addition, capital expenditures in fiscal 2009 increased to $1.3 billion, compared to $797 million in fiscal 2008.\nSee Capital Expenditures below for additional information."}
{"_id": "d8ce1449e", "title": "", "text": "NOTE 13 DEBT AND LINES OF CREDIT In 2015, International Paper issued $700 million of 3.80% senior unsecured notes with a maturity date in 2026, $600 million of 5.00% senior unsecured notes with a maturity date in 2035, and $700 million of 5.15% senior unsecured notes with a maturity date in 2046.\nThe proceeds from this borrowing were used to repay approximately $1.0 billion of notes with interest rates ranging from 4.75% to 9.38% and original maturities from 2018 to 2022, along with $211 million of cash premiums associated with the debt repayments.\nAdditionally, the proceeds from this borrowing were used to make a $750 million voluntary cash contribution to the Company's pension plan.\nPre-tax early debt retirement costs of $207 million related to the debt repayments, including the $211 million of cash premiums, are included in restructuring and other charges in the accompanying consolidated statement of operations for the twelve months ended December 31, 2015.\nDuring the second quarter of 2014, International Paper issued $800 million of 3.65% senior unsecured notes with a maturity date in 2024 and $800 million of 4.80% senior unsecured notes with a maturity date in 2044.\nThe proceeds from this borrowing were used to repay approximately $960 million of notes with interest rates ranging from 7.95% to 9.38% and original maturities from 2018 to 2019.\nPre-tax early debt retirement costs of $262 million related to these debt repayments, including $258 million of cash premiums, are included in Restructuring and other charges in the accompanying consolidated statement of operations for the twelve months ended December 31, 2014."}
{"_id": "d8bad3ce0", "title": "", "text": "| 2004 2003 2002 | (Shares in thousands) | Number of shares under option: | Outstanding at beginning of year | Granted | Exercised | Canceled or expired | Outstanding at end of year | Exercisable at end of year | (Shares in thousands) | GrantDate | 2/22/99 | 2/28/00 | 10/09/00 | 2/26/01 | 2/25/02 | 2/24/03 | 2/23/04 |"}
{"_id": "d8a3219a8", "title": "", "text": "| Quarter 12-Month 2014 | 1st | Revenue | Comparable sales % decline-1 | Gross profit | Operating income-4 | Net earnings from continuing operations | Gain (loss) from discontinued operations, net of tax | Net earnings (loss) including noncontrolling interests | Net earnings (loss) attributable to Best Buy Co., Inc. shareholders | Diluted earnings (loss) per share(3) | Continuing operations | Discontinued operations | Diluted earnings (loss) per share |"}
{"_id": "d8a149bee", "title": "", "text": "| December 31, 2018 | Criticized | (in millions) | Commercial | Commercial real estate | Leases | Total commercial loans and leases |"}
{"_id": "d88d78be2", "title": "", "text": "| 2010 2009 2008 | Range of risk-free interest rate | Weighted average risk-free interest rate | Expected life of option grants | Range of expected volatility of underlying stock price | Weighted average expected volatility of underlying stock price | Expected annual dividends |"}
{"_id": "d89a8e7e6", "title": "", "text": "| Year Ended December | in millions | ICBC | Equity securities (excluding ICBC) | Debt securities and loans | Other | Total net revenues | Operating expenses | Pre-tax earnings/(loss) |"}
{"_id": "d8e82fec8", "title": "", "text": "| Payments Due by Period | (Millions of Dollars) | Long-term debt (Statement of Capitalization) | CECONY | O&R | Competitive energy businesses and parent | Interest on long-term debt (a) | Total long-term debt, including interest | Capital lease obligations (Note J) | CECONY | Total capital lease obligations | Operating leases (Notes J and Q) | CECONY | O&R | Competitive energy businesses | Total operating leases | Purchase obligations | Electricity purchase power agreements – Utilities (Note I) | CECONY | Energy (b) | Capacity | Total CECONY | O&R | Energy and Capacity (b) | Total electricity and purchase power agreements – Utilities | Natural gas supply, transportation, and storage contracts – Utilities (c) | CECONY | Natural gas supply | Transportation and storage | Total CECONY | O&R | Natural gas supply | Transportation and storage | Total O&R | Total natural gas supply, transportation and storage contracts | Other purchase obligations | CECONY (d) | O&R (d) | Competitive energy businesses (e) | Total other purchase obligations | Uncertain tax positions (f) | Total |"}
{"_id": "d86439d80", "title": "", "text": "| Batu Hijau, Indonesia | Year Ended December 31, | Tons milled (000 dry short tons) | Average copper grade | Average copper recovery rate | Copper pounds produced (millions) | Copper pounds sold (millions) | Production costs per pound: | Costs applicable to sales | Amortization | Reclamation/accretion expense | Total production costs |"}
{"_id": "d896c4606", "title": "", "text": "| Number of Shares (in thousands) Weighted Average Grant Date Fair Value (per share) | Restricted stock and restricted stock units at beginning of year | Granted | Vested | Forfeited | Restricted stock and restricted stock units at end of year |"}
{"_id": "d866e523c", "title": "", "text": "| As of and for the Years Ended March 31, | (In millions, except per share data and ratios) | Operating Results | Revenues | Percent change | Gross profit | Income from continuing operations before income taxes | Income after income taxes | Continuing operations | Discontinued operations | Net income | Financial Position | Working capital | Days sales outstanding for:-1 | Customer receivables | Inventories | Drafts and accounts payable | Total assets | Total debt, including capital lease obligations | Stockholders’ equity | Property acquisitions | Acquisitions, net of cash acquired | Common Share Information | Common shares outstanding at year-end | Shares on which earnings per common share were based | Diluted | Basic | Diluted earnings per common share-2 | Continuing operations | Discontinued operations | Total | Cash dividends declared | Cash dividends declared per common share | Book value per common share-2 (3) | Market value per common share – year end | Supplemental Data | Capital employed-4 | Debt to capital ratio-5 | Net debt to net capital employed-6 | Average stockholders’ equity-7 | Return on stockholders’ equity-8 |"}
{"_id": "d8726482e", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements Market-Making.\nAs a market maker, the firm enters into derivative transactions to provide liquidity to clients and to facilitate the transfer and hedging of their risks.\nIn this role, the firm typically acts as principal and is required to commit capital to provide execution, and maintains inventory in response to, or in anticipation of, client demand.\nRisk Management.\nThe firm also enters into derivatives to actively manage risk exposures that arise from its marketmaking and investing and lending activities in derivative and cash instruments.\nThe firms holdings and exposures are hedged, in many cases, on either a portfolio or riskspecific basis, as opposed to an instrument-by-instrument basis.\nThe offsetting impact of this economic hedging is reflected in the same business segment as the related revenues.\nIn addition, the firm may enter into derivatives designated as hedges under U. S.  GAAP.\nThese derivatives are used to manage interest rate exposure in certain fixedrate unsecured long-term and short-term borrowings, and deposits, and to manage foreign currency exposure on the net investment in certain non-U.\nS.  operations.\nThe firm enters into various types of derivatives, including: ° Futures and Forwards.\nContracts that commit counterparties to purchase or sell financial instruments, commodities or currencies in the future.\n° Swaps.\nContracts that require counterparties to exchange cash flows such as currency or interest payment streams.\nThe amounts exchanged are based on the specific terms of the contract with reference to specified rates, financial instruments, commodities, currencies or indices.\n° Options.\nContracts in which the option purchaser has the right, but not the obligation, to purchase from or sell to the option writer financial instruments, commodities or currencies within a defined time period for a specified price.\nDerivatives are reported on a net-by-counterparty basis (i. e. , the net payable or receivable for derivative assets and liabilities for a given counterparty) when a legal right of setoff exists under an enforceable netting agreement (counterparty netting).\nDerivatives are accounted for at fair value, net of cash collateral received or posted under enforceable credit support agreements (cash collateral netting).\nDerivative assets and liabilities are included in financial instruments owned and financial instruments sold, but not yet purchased, respectively.\nRealized and unrealized gains and losses on derivatives not designated as hedges under ASC 815 are included in market making and other principal transactions in Note 4.\nThe tables below present the gross fair value and the notional amounts of derivative contracts by major product type, the amounts of counterparty and cash collateral netting in the consolidated statements of financial condition, as well as cash and securities collateral posted and received under enforceable credit support agreements that do not meet the criteria for netting under U. S.  GAAP."}
{"_id": "d81a10394", "title": "", "text": "LIQUIDITY AND CAPITAL RESOURCES Cash, Cash Equivalents and Current Marketable Investment Securities We consider all liquid investments purchased within 90 days of their maturity to be cash equivalents.\nSee “Item 7A.\n– Quantitative and Qualitative Disclosures About Market Risk” for further discussion regarding our marketable investment securities.\nAs of December 31, 2011, our cash, cash equivalents and current marketable investment securities totaled $2.041 billion compared to $2.940 billion as of December 31, 2010, a decrease of $899 million.\nThis decrease in cash, cash equivalents and current marketable investment securities was primarily related to our investment in DBSD North America of $1.139 billion, the TerreStar Transaction of $1.345 billion, repurchases and redemptions of our 6 3/8% Senior Notes due 2011 totaling $1.0 billion, the $893 million dividend paid in cash on our Class A and Class B common stock, capital expenditures of $779 million, the Blockbuster Acquisition of $127 million, net of $107 million cash received, and the Sprint Settlement Agreement net payment of approximately $114 million, which were partially offset by cash generated from operations of $2.574 billion and the net proceeds of $1.973 billion related to the issuance of our 6 3/4% Senior Notes due 2021.\nWe have investments in various debt and equity instruments including corporate bonds, corporate equity securities, government bonds and variable rate demand notes (“VRDNs”).\nVRDNs are long-term floating rate municipal bonds with embedded put options that allow the bondholder to sell the security at par plus accrued interest.\nAll of the put options are secured by a pledged liquidity source.\nOur VRDN portfolio is comprised of investments in many municipalities, which are backed by financial institutions or other highly rated companies that serve as the pledged liquidity source.\nWhile they are classified as marketable investment securities, the put option allows VRDNs to be liquidated generally on a same day or on a five business day settlement basis.\nAs of December 31, 2011 and 2010, we held VRDNs, within our current marketable investment securities portfolio, with fair values of $161 million and $1.334 billion, respectively."}
{"_id": "d8d0596aa", "title": "", "text": "The maximum amount of life insurance risk the Company will retain is $10 million on a single life and $10 million on any flexible premium survivorship life policy; however, reinsurance agreements are in place such that retaining more than $1.5 million of insurance risk on a single life or a flexible premium survivorship life policy is very unusual.\nRisk on UL and VUL policies is reinsured on a yearly renewable term basis.\nRisk on most term life policies starting in 2001 is reinsured on a coinsurance basis, a type of reinsurance in which the reinsurer participates proportionally in all material risks and premiums associated with a policy.\nFor existing LTC policies, the Company has continued ceding 50% of the risk on a coinsurance basis to subsidiaries of Genworth Financial, Inc.  (‘‘Genworth’’) and retains the remaining risk.\nFor RiverSource Life of NY, this reinsurance arrangement applies for 1996 and later issues only.\nGenerally, the Company retains at most $5,000 per month of risk per life on DI policies sold on policy forms introduced in most states starting in 2007 and reinsures the remainder of the risk on a coinsurance basis with unaffiliated reinsurance companies.\nThe Company retains all risk for new claims on DI contracts sold on other policy forms introduced prior to 2007.\nThe Company also retains all risk on accidental death benefit claims and substantially all risk associated with waiver of premium provisions.\nAt December 31, 2016 and 2015, traditional life and UL insurance in force aggregated $196.5 billion and $196.3 billion, respectively, of which $142.4 billion and $144.2 billion, respectively, were reinsured at the respective year ends.\nLife insurance in force is reported on a statutory basis."}
{"_id": "d814988b2", "title": "", "text": "HESS CORPORATION AND CONSOLIDATED SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) 2010: In December, the Corporation acquired approximately 167,000 net acres in the Bakken oil shale play (Bakken) in North Dakota from TRZ Energy, LLC for $1,075 million in cash.\nIn December, the Corporation also completed the acquisition of American Oil & Gas Inc.  (American Oil & Gas) for approximately $675 million through the issuance of approximately 8.6 million shares of the Corporation’s common stock, which increased the Corporation’s acreage position in the Bakken by approximately 85,000 net acres.\nThe properties acquired were located near the Corporation’s existing acreage.\nThese acquisitions strengthened the Corporation’s acreage position in the Bakken, leveraged existing capabilities and infrastructure and are expected to contribute to future reserve and production growth.\nBoth of these transactions were accounted for as business combinations and the majority of the fair value of the assets acquired was assigned to unproved properties.\nThe total goodwill recorded on these transactions was $332 million after final post-closing adjustments.\nIn September, the Corporation completed the exchange of its interests in Gabon and the Clair Field in the United Kingdom for additional interests of 28% and 25%, respectively, in the Valhall and Hod fields offshore Norway.\nThis non-monetary exchange was accounted for as a business combination.\nThe transaction resulted in a pre-tax gain of $1,150 million ($1,072 million after income taxes).\nThe total combined carrying amount of the disposed assets prior to the exchange was $702 million, including goodwill of $65 million.\nThe Corporation also acquired, from a different third party, additional interests of 8% and 13% in the Valhall and Hod fields, respectively, for $507 million in cash.\nThis acquisition was accounted for as a business combination.\nAs a result of both of these transactions, the Corporation’s total interests in the Valhall and Hod fields are 64% and 63%, respectively.\nThe primary reason for these transactions was to acquire long-lived crude oil reserves and future production growth.\nFor all the 2010 acquisitions and the exchange described above, the assets acquired and liabilities assumed were recorded at fair value.\nThe estimated fair value for property, plant and equipment acquired in these transactions was based primarily on an income approach (Level 3 fair value measurement).4.\nInventories Inventories at December 31 were as follows:"}
{"_id": "d8a149b26", "title": "", "text": "| (dollars in billions) Total Deposits Total Deposit Rank Deposit Market Share | MSA | Boston, MA | Philadelphia, PA | Pittsburgh, PA | Providence, RI | Detroit, MI | Cleveland, OH | Manchester, NH | Buffalo, NY | Albany, NY | Rochester, NY |"}
{"_id": "d897890a0", "title": "", "text": "| Closed Block Business as of December 31, 2009 | Level 1 | (in millions) | Fixed maturities, available for sale: | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds | Corporate securities | Asset-backed securities | Commercial mortgage-backed securities | Residential mortgage-backed securities | Sub-total | Trading account assets supporting insurance liabilities | Other trading account assets: | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds | Corporate securities | Asset-backed securities | Commercial mortgage-backed securities | Residential mortgage-backed securities | Equity Securities | All other activity | Sub-total | Equity securities, available for sale | Commercial mortgage and other loans | Other long-term investments | Short-term investments | Cash and cash equivalents | Other assets | Sub-total excluding separate account assets | Separate account assets-3 | Total assets | Future policy benefits | Long-term debt | Other liabilities | Total Liabilities |"}
{"_id": "d86155c04", "title": "", "text": "| December 31, 2006 December 31, 2005 | Estimated   Fair Value | (In millions) | Residential mortgage-backed securities: | Collateralized mortgage obligations | Pass-through securities | Total residential mortgage-backed securities | Commercial mortgage-backed securities | Asset-backed securities | Total |"}
{"_id": "d878e1a9e", "title": "", "text": "| Tower Cash Flow, for the three months ended December 31, 2008 $188,449 | Consolidated Cash Flow, for the twelve months ended December 31, 2008 | Less: Tower Cash Flow, for the twelve months ended December 31, 2008 | Plus: four times Tower Cash Flow, for the three months ended December 31, 2008 | Adjusted Consolidated Cash Flow, for the twelve months ended December 31, 2008 | Non-Tower Cash Flow, for the twelve months ended December 31, 2008 |"}
{"_id": "d8f66c7a2", "title": "", "text": "DERIVATIVE INSTRUMENTS (continued) The Company entered into a credit derivative that will require the Company to make certain payments in the event of deterioration in the value of the surplus notes issued by a subsidiary of Prudential Insurance.\nThe notional of this credit derivative is $500 million and the fair value as of December 31, 2010 and 2009 was a liability of $26 million and $22 million, respectively.\nNo collateral was pledged in either period.\nThe Company holds certain externally-managed investments in the European market which contain embedded derivatives whose fair value are primarily driven by changes in credit spreads.\nThese investments are medium term notes that are collateralized by investment portfolios primarily consisting of investment grade European fixed income securities, including corporate bonds and asset-backed securities, and derivatives, as well as varying degrees of leverage.\nThe notes have a stated coupon and provide a return based on the performance of the underlying portfolios and the level of leverage.\nThe Company invests in these notes to earn a coupon through maturity, consistent with its investment purpose for other debt securities.\nThe notes are accounted for under U. S.  GAAP as available for sale fixed maturity securities with bifurcated embedded derivatives (total return swaps).\nChanges in the value of the fixed maturity securities are reported in Equity under the heading “Accumulated Other Comprehensive Income (Loss)” and changes in the market value of the embedded total return swaps are included in current period earnings in “Realized investment gains (losses), net.\n” The Company’s maximum exposure to loss from these investments was $754 million and $723 million at December 31, 2010 and 2009, respectively.\nIn addition to writing credit protection, the Company has purchased credit protection using credit derivatives in order to hedge specific credit exposures in the Company’s investment portfolio.\nAs of December 31, 2010 and 2009, the Company had $2.184 billion and $2.313 billion of outstanding notional amounts, respectively, reported at fair value as an asset of less than $1 million and an asset of $174 million, respectively.\nTypes of Derivative Instruments and Derivative Strategies used in a dealer or broker capacity Futures, forwards and options contracts, and swap agreements, are also used in a derivative dealer or broker capacity in the Company’s commodities operations to facilitate transactions of the Company’s clients, hedge proprietary trading activities and as a means of risk management.\nThese derivatives allow the Company to structure transactions to manage its exposure to commodities and securities prices, foreign exchange rates and interest rates.\nRisk exposures are managed through diversification, by controlling position sizes and by entering into offsetting positions.\nFor example, the Company may manage the risk related to its precious metals inventory by entering into an offsetting position in exchange traded futures contracts.\nThe fair value of the Company’s derivative contracts used in a derivative dealer or broker capacity is reported on a net-by-counterparty basis in the Company’s Consolidated Statements of Financial Position when management believes a legal right of setoff exists under an enforceable netting agreement.\nRealized and unrealized gains and losses from marking-to-market the derivatives used in proprietary positions are recognized on a trade date basis and reported in “Asset management fees and other income.\n” The following table sets forth the income statement impact of derivatives used in a dealer or broker capacity."}
{"_id": "d8d8585c2", "title": "", "text": "| Years Ended December 31, 2010/2009 2009/2008 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8bc17368", "title": "", "text": "| Customer Percentage of Net Sales | GM | Volkswagen Group (“VW”) | Fiat Chrysler Automobiles N.V. (“FCA”) | Ford Motor Company (“Ford”) | SAIC General Motors Corporation Limited | PSA Peugeot Citroën (“PSA”) | Geely Automobile Holdings Limited | Daimler AG (“Daimler”) | Toyota Motor Corporation | Renault-Nissan |"}
{"_id": "d8ef60c9c", "title": "", "text": "| 2009 2008 | Business segment earnings(in millions) (a) | PNC’s share of BlackRock earnings (b) | Carrying value of PNC’s investment in BlackRock (in billions) (b) |"}
{"_id": "d8f7277be", "title": "", "text": "Dividends.\nDividends paid to shareholders were $694 million, $665 million and $673 million in 2012, 2011 and 2010, respectively.\nThe declaration and payment of future dividends to holders of the Company’s common stock will be at the discretion of the Company’s board of directors and will depend upon many factors, including the Company’s financial position, earnings, capital requirements of the Company’s operating subsidiaries, legal requirements, regulatory constraints and other factors as the board of directors deems relevant.\nDividends will be paid by the Company only if declared by its board of directors out of funds legally available, subject to any other restrictions that may be applicable to the Company.\nOn January 22, 2013, the Company announced that it declared a regular quarterly dividend of $0.46 per share, payable March 29, 2013 to shareholders of record on March 8, 2013."}
{"_id": "d88e6be8c", "title": "", "text": "| December 31 2008 2007 | (In millions) | Gross Case Reserves | Gross IBNR Reserves | Total Gross Carried Claim and Claim Adjustment Expense Reserves | Net Case Reserves | Net IBNR Reserves | Total Net Carried Claim and Claim Adjustment Expense Reserves |"}
{"_id": "d8f248478", "title": "", "text": "he Corporation uses a variety of risk measurement and estimation techniques, including value at risk.\nValue at risk is an estimate of potential loss for a given period of time within a stated statistical confidence interval.\nState Street uses a risk management system, Askari RiskBook,?\nto estimate value at risk daily for all material trading positions.\nThe Corporation has adopted standards for estimating value at risk, and maintains capital for market risk, in accordance with the Federal Reserve’s Capital Adequacy Guidelines for market risk.\nValue at risk is estimated for a 99% one-tail confidence interval and an assumed one-day holding period using a historical observation period of greater than one year.\nA 99% one-tail confidence interval implies that daily trading losses should not exceed the estimated value at risk more than 1% of the time, or approximately three days out of the year.\nThe methodology uses a simulation approach based on observed changes in interest rates and foreign exchange rates and takes into account the resulting diversification benefits provided from the mix of the Corporation’s trading positions.\nLike all quantitative risk measures, value at risk is subject to certain limitations and assumptions inherent to the methodology.\nState Street’s methodology gives equal weight to all market rate observations regardless of how recently the market rates were observed.\nThe estimate is calculated using static portfolios consisting of positions held at the end of the trading day.\nImplicit in the estimate is the assumption that no intraday action is taken by management during adverse market movements.\nAs a result, the methodology does not represent risk associated with intraday changes in positions or intraday price volatility."}
{"_id": "d8843b174", "title": "", "text": "| (In millions) 2013 2012 | Indemnified securities financing | Stable value protection | Asset purchase agreements | Standby letters of credit |"}
{"_id": "d8d42a7e8", "title": "", "text": "| Debt-to-total capitalization ratio | 2009 | NSP-Minnesota | PSCo | SPS | Xcel Energy — Holding Company |"}
{"_id": "d88d5e382", "title": "", "text": "| Location Ownership Number of Properties Square Feet Weighted Average Occupancy-1 | Manhattan | Unconsolidated properties | Suburban | Unconsolidated properties | 60 |"}
{"_id": "d88e7c8a4", "title": "", "text": "| 2010 2009 2008 | Interest expense on debt and capital lease obligations | Accretion of debt discounts | Accretion of remediation and risk reserves | Less: capitalized interest | Total interest expense |"}
{"_id": "d88d8ca70", "title": "", "text": "Liquidity and Capital Resources We currently expect to fund all of our cash requirements which are reasonably foreseeable for 2018, including scheduled debt repayments, new investments in the business, share repurchases, dividend payments, possible business acquisitions and pension contributions, with cash from operating activities, and as needed, additional short-term and/or long-term borrowings.\nWe continue to expect our operating cash flow to remain strong.\nAs of December 31, 2017, we had $211 million of cash and cash equivalents on hand, of which $151 million was held outside of the U. S.  As of December 31, 2016, we had $327 million of cash and cash equivalents on hand, of which $184 million was held outside of the U. S.  As of December 31, 2015, we had $26 million of deferred tax liabilities for pre-acquisition foreign earnings associated with the legacy Nalco entities and legacy Champion entities that we intended to repatriate.\nThese liabilities were recorded as part of the respective purchase price accounting of each transaction.\nThe remaining foreign earnings were repatriated in 2016, reducing the deferred tax liabilities to zero at December 31, 2016.\nAs of December 31, 2017 we had a $2.0 billion multi-year credit facility, which expires in November 2022.\nThe credit facility has been established with a diverse syndicate of banks.\nThere were no borrowings under our credit facility as of December 31, 2017 or 2016.\nThe credit facility supports our $2.0 billion U. S.  commercial paper program and $2.0 billion European commercial paper program.\nCombined borrowing under these two commercial paper programs may not exceed $2.0 billion.\nAt year-end, we had no amount outstanding under the European commercial paper program and no amount outstanding under the U. S.  commercial paper program.\nAdditionally, we have uncommitted credit lines of $660 million with major international banks and financial institutions to support our general global funding needs.\nMost of these lines are used to support global cash pooling structures.\nApproximately $643 million of these credit lines were available for use as of year-end 2017.\nBank supported letters of credit, surety bonds and guarantees total $198 million and represent commercial business transactions.\nWe do not have any other significant unconditional purchase obligations or commercial commitments.\nAs of December 31, 2017, our short-term borrowing program was rated A-2 by Standard & Poor’s and P-2 by Moody’s.\nAs of December 31, 2017, Standard & Poor’s and Moody’s rated our long-term credit at A- (stable outlook) and Baa1 (stable outlook), respectively.\nA reduction in our credit ratings could limit or preclude our ability to issue commercial paper under our current programs, or could also adversely affect our ability to renew existing, or negotiate new, credit facilities in the future and could increase the cost of these facilities.\nShould this occur, we could seek additional sources of funding, including issuing additional term notes or bonds.\nIn addition, we have the ability, at our option, to draw upon our $2.0 billion of committed credit facility.\nWe are in compliance with our debt covenants and other requirements of our credit agreements and indentures."}
{"_id": "d8259f4ee", "title": "", "text": "Free Cash Flow We define free cash flow, which is not a measure determined in accordance with U. S.  GAAP, as cash provided by operating activities less purchases of property and equipment, plus proceeds from sales of property and equipment as presented in our consolidated statements of cash flows.\nOur free cash flow for the years ended December 31, 2013, 2012 and 2011 is calculated as follows (in millions of dollars):"}
{"_id": "d8e37ec44", "title": "", "text": "| Year ended September 30, | 2013 | RJF return on assets-1 | RJF return on equity-2 | Equity to assets-3 | Dividend payout ratio-4 |"}
{"_id": "d88be1f68", "title": "", "text": "| (Dollars in millions) 2006 2007 2008 2009 2010 Thereafter Total | Bank of America Corporation | Bank of America, N.A. and other subsidiaries | NB Holdings Corporation | Other | Total |"}
{"_id": "d8bcea286", "title": "", "text": "| Shares(In thousands) WeightedAverage GrantDate Fair Value(Per share) | Non-vested total as of December 31, 2016 | Granted | Vested | Forfeited | Non-vested total as of December 31, 2017 |"}
{"_id": "d89fc2ed8", "title": "", "text": "SHORT-TERM AND LONG-TERM DEBT Short-term Debt The table below presents the Company’s short-term debt at December 31, for the years indicated as follows:"}
{"_id": "d880208a0", "title": "", "text": "| Total Number ofShares (or Units)Purchased1 Average Price Paidper Share (or Unit)2 Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs3 Maximum Number (or Approximate Dollar Value)of Shares (or Units) that MayYet Be Purchased Under thePlans or Programs3 | October 1 - 31 | November 1 - 30 | December 1 - 31 | Total |"}
{"_id": "d87b802c8", "title": "", "text": "NOTE 8SHAREHOLDERS EQUITY On April 5, 2007, our Board of Directors approved a share repurchase program that authorized the purchase of up to $100 million of Global Payments stock in the open market or as otherwise may be determined by us, subject to market conditions, business opportunities, and other factors.\nUnder this authorization, we repurchased 2.3 million shares of our common stock during fiscal 2008 at a cost of $87.0 million, or an average of $37.85 per share, including commissions.\nAs of May 31, 2008, we had $13.0 million remaining under our current share repurchase authorization.\nNo amounts were repurchased during fiscal 2007."}
{"_id": "d876c8690", "title": "", "text": "| Year ended September 30, | 2018 | $ in thousands | Interest-earning assets: | Cash segregated pursuant to regulations | Securities loaned | Trading instruments | Available-for-sale securities | Margin loans | Bank loans, net: | Loans held for investment: | C&I loans | CRE construction loans | CRE loans | Tax-exempt loans | Residential mortgage loans | SBL | Loans held for sale | Total bank loans, net | Loans to financial advisors, net | Corporate cash and all other | Total interest-earning assets | Interest-bearing liabilities: | Bank deposits: | Certificates of deposit | Money market, savings and Negotiable Order of Withdrawal (“NOW”) accounts | Securities borrowed | Trading instruments sold but not yet purchased | Brokerage client payables | Other borrowings | Senior notes payable | Other | Total interest-bearing liabilities | Net interest income |"}
{"_id": "d88e3774a", "title": "", "text": "| Advanced   Engineered   Materials Consumer   Specialties Industrial   Specialties Acetyl   Intermediates Total | (In $ millions) | As of December 31, 2007 | Goodwill | Accumulated impairment losses | 277 | Adjustments to preacquisition tax uncertainties | Exchange rate changes | As of December 31, 2008 | Goodwill | Accumulated impairment losses | 258 | Sale of PVOH-1 | Exchange rate changes | As of December 31, 2009 | Goodwill | Accumulated impairment losses | Total |"}
{"_id": "d889d9c66", "title": "", "text": "| 2002 2001 2000 | Net MW in operation at December 31 | Generation in GWh for the year | Capacity factor for the year |"}
{"_id": "d89151c78", "title": "", "text": "Pension and Other Postretirement Benefit Plans The Company has defined benefit pension plans covering eligible employees in the United States and in certain of its international subsidiaries.\nBeginning on January 1, 2013, active participants in Mercks primary U. S.  defined benefit pension plans are accruing pension benefits using cash balance formulas based on age, service, pay and interest.\nHowever, during a transition period from January 1, 2013 through December 31, 2019, participants will earn the greater of the benefit as calculated under the employees legacy final average pay formula or their cash balance formula.\nFor all years of service after December 31, 2019, participants will earn future benefits under only the cash balance formula.\nIn addition, the Company provides medical benefits, principally to its eligible U. S.  retirees and their dependents, through its other postretirement benefit plans.\nThe Company uses December 31 as the year-end measurement date for all of its pension plans and other postretirement benefit plans.\nNet Periodic Benefit Cost The net periodic benefit cost for pension and other postretirement benefit plans consisted of the following components"}
{"_id": "d8f4e109a", "title": "", "text": "| Year Ended December | $ in millions | DVA(pre-tax) | DVA (net of tax) | As of December | $ in millions | Corporate loans | Loans to PWM clients | Loans backed by commercial real estate | Loans backed by residential real estate | Marcus loans | Other loans | Total loans receivable, gross | Allowance for loan losses | Total loans receivable |"}
{"_id": "d81aa1b0a", "title": "", "text": "| 2002 High Low 2001 High Low | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | At December 31, | (Dollars in thousands) | Gross basis: | Beginning of period reserves | Incurred losses | Paid losses | End of period reserves | Net basis: | Beginning of period reserves | Incurred losses | Paid losses | End of period reserves | At December 31, 2017 | Options Outstanding | Weighted- | Average | Number | Range of | Exercise Prices | $71.7150 - $78.1700 | $78.1800 - $85.6300 | $85.6400 - $87.4700 | $87.4800 - $89.4100 | $89.4200 - $110.1300 | 360,364 | Years Ended December 31, | 2017 | Weighted- | Average | Grant Date | Restricted (non-vested) Shares | Outstanding at January 1, | Granted | Vested | Forfeited | Outstanding at December 31, |"}
{"_id": "d86b8b304", "title": "", "text": "| 2008 2007 2006 | UE | CIPS | Genco | CILCORP(a) | IP | Nonregistrants | Dividends paid by Ameren |"}
{"_id": "d8187d770", "title": "", "text": "| Year Ended December 31 2008 2009 Variance | Revenues | Operating earnings | Operating margin | Gulfstream aircraft deliveries (in units): | Green | Completion |"}
{"_id": "d88940c82", "title": "", "text": "Cash flows from operating activities can fluctuate significantly from period to period, as pension funding decisions, tax timing differences and other items can significantly impact cash flows.\nIn both 2007 and 2006, the Company made discretionary contributions of $200 million to its U. S.  qualified pension plan, and in 2005 made discretionary contributions totaling $500 million.\nIn 2007, cash flows provided by operating activities increased $436 million, including an increase in net income of $245 million.\nSince the gain from sale of businesses is included in and increases net income, the pre-tax gain from the sale of the businesses must be subtracted, as shown above, to properly reflect operating cash flows.\nThe cash proceeds from the sale of the pharmaceuticals business are shown as part of cash from investing activities; however, when the related taxes are paid they are required to be shown as part of cash provided by operating activities.\nThus, operating cash flows for 2007 were penalized due to cash income tax payments of approximately $630 million in 2007 that related to the sale of the global branded pharmaceuticals business.\nNon-pharmaceutical related cash income tax payments were approximately $475 million lower than 2006 due to normal timing differences in tax payments, which benefited cash flows.\nAccounts receivable and inventory increases reduced cash flows in 2007, but decreased cash flow less than in 2006, resulting in a year-on-year benefit to cash flows of $323 million.\nThe category “Other-net” in the preceding table reflects changes in other asset and liability accounts, including the impact of cash payments made in connection with 3M’s restructuring actions (Note 4).\nIn 2006, cash flows provided by operating activities decreased $365 million.\nThis decrease was due in large part to an increase of approximately $600 million in tax payments in 2006 compared with 2005.\nThe higher tax payments in 2006 primarily related to the Company’s repatriation of $1.7 billion of foreign earnings in the United States pursuant to the provisions of the American Jobs Creation Act of 2004.\nThe category “Other-net” in the preceding table reflects changes in other asset and liability accounts, including outstanding liabilities at December 31, 2006, related to 3M’s restructuring actions (Note 4)."}
{"_id": "d87c0c1ce", "title": "", "text": "| As of December 31, | 2010 | (In thousands) | Cash and cash equivalents | Securities and cash provided as collateral | Accounts receivable | Accounts payable | Year Ended December 31, | 2010 | (In thousands) | Commissions | Technology products and services | Information and user access fees | Investment income | Other income | General and administrative |"}
{"_id": "d89ca887e", "title": "", "text": "| Years Ended December 31, | 2009 | GAAP | (in millions, except percentages) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Pretax income |"}
{"_id": "d881ef226", "title": "", "text": "During the fourth quarter of fiscal 2011 we performed our annual goodwill impairment test in conjunction with our annual planning and budgeting process.\nIn step one of the test we compared the estimated fair values of each of our reporting units to their carrying values.\nWe used a weighted combination of a discounted cash flow model (income approach) and comparisons to publicly traded companies engaged in similar businesses (market approach) to estimate the fair value of each of our reporting units.\nWe determined that the estimated fair values of all of our reporting units except Intuit Health exceeded their carrying values and that they were not impaired.\nThe estimated fair value of our Intuit Health reporting unit, which at the time was part of our Other Businesses segment, fell below its carrying value of $75 million.\nAs a result, we completed step two of the test by allocating the fair value of that reporting unit calculated in step one of the test to all of the assets and liabilities of the unit, as if we had just acquired it in a business combination.\nIn comparing the residual goodwill resulting from this calculation to the carrying value of the goodwill, we determined that the goodwill and acquired intangible assets for our Intuit Health reporting unit were impaired.\nAll of the goodwill and acquired intangible assets associated with our Intuit Health reporting unit were derived from our fiscal 2010 acquisition of Medfusion, Inc.\nCircumstances that negatively affected our estimate of the fair value of the Intuit Health reporting unit included unforeseen delays in developing high quality, timely offerings and marketing them effectively.\nWe recorded a goodwill and intangible asset impairment charge of approximately $30 million for our Intuit Health reporting unit in the fourth quarter of fiscal 2011.\nThis consisted of a goodwill impairment charge of approximately $24 million and an acquired intangible asset impairment charge of approximately $6 million.\nIn March 2013 the largest customer for our Intuit Health business acquired a company that offers similar solutions and competes with us directly in that market space.\nAs a result, we performed an interim impairment test of goodwill and acquired intangible assets during the third quarter of fiscal 2013.\nWe concluded that the carrying amounts of goodwill and certain definite-lived acquired intangible assets associated with our Intuit Health business were impaired and recorded an impairment charge of $46 million that reduced the carrying value of those assets to zero.\nFor goodwill, the amount of the impairment charge was determined by comparing the carrying value of goodwill assigned to the reporting unit with the implied fair value of the goodwill.\nWe used a weighted combination of a discounted cash flow model (income approach) and comparisons to publicly traded companies engaged in similar businesses (market approach) to estimate the fair value of our Intuit Health reporting unit.\nKey assumptions that we used in the income approach included the amount and timing of estimated future cash flows to be generated by the business over an extended period of time, long-term growth rates for the business, and a rate of return that considered the relative risk of achieving the cash flows and the time value of money.\nFor the market approach, we estimated the fair value of the reporting unit based on market multiples of revenue, operating income, and earnings for comparable publicly traded companies engaged in similar businesses.\nFor those acquired intangible assets where the unamortized balances exceeded the undiscounted future net cash flows, we measured the amount of the impairment by calculating the amount by which the carrying values exceeded the estimated fair values, which were based on projected discounted future net cash flows.\nWe believe that the assumptions used to determine the impairment amounts for the goodwill and acquired intangible assets for this business unit are reasonable.\nIn the fourth quarter of fiscal 2013 management approved a plan to sell our Intuit Health business, which was part of our Other Businesses segment, and we accounted for it as discontinued operations starting in that quarter.\nOn August 19, 2013 we completed the sale for cash consideration that was not significant.3."}
{"_id": "d8819631a", "title": "", "text": "| Type Face Value(e) Interest Rate Issuance Maturity | EURO notes | EURO notes | EURO notes | Swiss franc notes | Swiss franc notes | U.S. dollar notes | U.S. dollar notes | U.S. dollar notes |"}
{"_id": "d8c4e9478", "title": "", "text": "| AAA AA A BBB BB & Below Total | Amortized Cost | (in millions) | Sub-prime | 2003 & prior | 2004 | 2005 | 2006 | 2007 | 2008 | Re-Remic-1 | Total Sub-prime | Alt-A | 2003 & prior | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | Re-Remic-1 | Total Alt-A | Prime | 2003 & prior | 2004 | 2005 | 2006 | 2007 | Re-Remic-1 | Total Prime | Grand Total |"}
{"_id": "d8f35fbd6", "title": "", "text": "| 2006 $228 | 2007 | 2008 | 2009 | 2010 | Thereafter | 5,383 | Fair value adjustment for interest rate swaps | Discount on senior notes | Capital lease obligations | $5,370 |"}
{"_id": "d826cd438", "title": "", "text": "| Table 7 Five Year Summary of Selected Financial Data | (In millions, except per share information) | Income statement | Net interest income | Noninterest income | Total revenue, net of interest expense | Provision for credit losses | Goodwill impairment | Merger and restructuring charges | All other noninterest expense-1 | Income (loss) before income taxes | Income tax expense (benefit) | Net income (loss) | Net income (loss) applicable to common shareholders | Average common shares issued and outstanding | Average diluted common shares issued and outstanding-2 | Performance ratios | Return on average assets | Return on average common shareholders’ equity | Return on average tangible common shareholders’ equity-3 | Return on average tangible shareholders’ equity-3 | Total ending equity to total ending assets | Total average equity to total average assets | Dividend payout | Per common share data | Earnings (loss) | Diluted earnings (loss)(2) | Dividends paid | Book value | Tangible book value-3 | Market price per share of common stock | Closing | High closing | Low closing | Market capitalization | Average balance sheet | Total loans and leases | Total assets | Total deposits | Long-term debt | Common shareholders’ equity | Total shareholders’ equity | Asset quality-4 | Allowance for credit losses-5 | Nonperforming loans, leases and foreclosed properties-6 | Allowance for loan and lease losses as a percentage of total loans and leases outstanding-6 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases-6 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leasesexcluding the PCI loan portfolio-6 | Amounts included in allowance that are excluded from nonperforming loans-7 | Allowances as a percentage of total nonperforming loans and leases excluding the amountsincluded in the allowance that are excluded from nonperforming loans-7 | Net charge-offs | Net charge-offs as a percentage of average loans and leases outstanding-6 | Nonperforming loans and leases as a percentage of total loans and leases outstanding-6 | Nonperforming loans, leases and foreclosed properties as a percentage of total loans, leasesand foreclosed properties-6 | Ratio of the allowance for loan and lease losses at December 31 to net charge-offs | Capital ratios (year end) | Risk-based capital: | Tier 1 common | Tier 1 | Total | Tier 1 leverage | Tangible equity-3 | Tangible common equity-3 |"}
{"_id": "d8ab110f0", "title": "", "text": "(1) Excludes the portion of other-than-temporary impairments recorded in Other comprehensive income (loss), representing any difference between the fair value of the impaired debt security and the net present value of its projected future cash flows at the time of impairment.\n(2) Includes other-than-temporary impairments relating to investments in joint ventures and partnerships."}
{"_id": "d87fae246", "title": "", "text": "Loan Delinquencies We regularly monitor the level of loan delinquencies and believe these levels may be a key indicator of loan portfolio asset quality.\nMeasurement of delinquency status is based on the contractual terms of each loan.\nLoans that are 30 days or more past due in terms of payment are considered delinquent.\nLoan delinquencies exclude loans held for sale and purchased impaired loans, but include government insured or guaranteed loans.\nTotal early stage loan delinquencies (accruing loans past due 30 to 89 days) decreased by $252 million from December 31, 2010, to $1.6 billion at December 31, 2011.\nCommercial lending early stage delinquencies declined by $245 million from December 31, 2010, while consumer lending delinquencies fell by $7 million.\nImprovement in early stage delinquency levels was experienced across most loan classes, offset by modest increases in government insured, primarily other consumer education loans, and home equity.\nAccruing loans past due 90 days or more are referred to as late stage delinquencies.\nThese loans are not included in nonperforming loans and continue to accrue interest because they are well secured by collateral, are in the process of collection and are reasonably expected to result in repayment or restoration to current status, or are managed in homogenous portfolios with specified charge-off timeframes adhering to regulatory guidelines.\nThese loans increased 10% from $2.7 billion at December 31, 2010, to $3.0 billion at December 31, 2011, reflecting higher government insured delinquent residential real estate and other consumer loans, primarily education loans, and higher delinquent home equity loans, partially offset by improvement in commercial lending delinquency levels, primarily commercial real estate.\nThe following tables display the delinquency status of our accruing loans past due at December 31, 2011 and December 31, 2010.\nAdditional information regarding accruing loans past due is included in Note 5 Asset Quality and Allowances for Loan and Lease Losses and Unfunded Loan Commitments and Letters of Credit in the Notes To Consolidated Financial Statements in Item 8 of this Report."}
{"_id": "d87019ba0", "title": "", "text": "| Shares in thousands Nonvested Incentive/ Performance Unit Shares Weighted-AverageGrantDate FairValue Nonvested Restricted Stock/ Unit Shares Weighted-AverageGrantDate FairValue | December 31, 2011 | Granted | Vested | Forfeited | December 31, 2012 |"}
{"_id": "d8e2f50e8", "title": "", "text": "Entergy Texas, Inc.  and Subsidiaries Management’s Financial Discussion and Analysis All debt and common and preferred stock issuances by Entergy Texas require prior regulatory approval.\nDebt issuances are also subject to issuance tests set forth in its bond indenture and other agreements.\nEntergy Texas has sufficient capacity under these tests to meet its foreseeable capital needs."}
{"_id": "d86e2da44", "title": "", "text": "| 2009 2008 2007 | Balance as of January 1 | Additions related to current year positions | Additions related to prior year positions | Additons related to the merger with Schering-Plough | Reductions for tax positions of prior years | Settlements-1 | Lapse of statute of limitations | Balance as of December 31 |"}
{"_id": "d879141e2", "title": "", "text": "SYNOPSYS, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTSContinued acquired identifiable intangible assets of $107.3 million, resulting in total goodwill of $257.6 million.\nIdentifiable intangible assets are being amortized over three to eight years.\nAcquisition-related costs directly attributable to the business combination were $6.6 million for fiscal 2012 and were expensed as incurred in the consolidated statements of operations.\nThese costs consisted primarily of employee separation costs and professional services.\nAcquisition of Magma Design Automation, Inc.  (Magma) On February 22, 2012, the Company acquired Magma, a chip design software provider, at a pershare price of $7.35.\nAdditionally, the Company assumed unvested restricted stock units (RSUs) and stock options, collectively called equity awards.\n The aggregate purchase price was approximately $550.2 million.\nThis acquisition enables the Company to more rapidly meet the needs of leading-edge semiconductor designers for more sophisticated design tools.\nThe Company allocated the total purchase consideration of $550.2 million (including $6.8 million related to equity awards assumed) to the assets acquired and liabilities assumed based on their respective fair values at the acquisition date, including acquired identifiable intangible assets of $184.3 million, resulting in total goodwill of $316.3 million.\nIdentifiable intangible assets are being amortized over three to ten years.\nAcquisition-related costs directly attributable to the business combination totaling $33.5 million for fiscal 2012 were expensed as incurred in the consolidated statements of operations and consist primarily of employee separation costs, contract terminations, professional services, and facilities closure costs.\nOther Fiscal 2012 Acquisitions During fiscal 2012, the Company acquired five other companies, including Emulation & Verification Engineering, S. A.\n(EVE), for cash and allocated the total purchase consideration of $213.2 million to the assets acquired and liabilities assumed based on their respective fair values, resulting in total goodwill of $118.1 million.\nAcquired identifiable intangible assets totaling $73.3 million were valued using appropriate valuation methods such as income or cost methods and are being amortized over their respective useful lives ranging from one to eight years.\nDuring fiscal 2012, acquisition-related costs totaling $6.8 million were expensed as incurred in the consolidated statements of operations.\nFiscal 2011 Acquisitions During fiscal 2011, the Company completed two acquisitions for cash and allocated the total purchase consideration of $37.4 million to the assets and liabilities acquired based on their respective fair values at the acquisition date resulting in goodwill of $30.6 million.\nAcquired identifiable intangible assets of $9.3 million are being amortized over two to ten years.\nNote 4.\nGoodwill and Intangible Assets Goodwill:"}
{"_id": "d810a537c", "title": "", "text": "| Capital Operating Total FuturePayments | 2016 | 2017 | 2018 | 2019 | 2020 | Thereafter | Total payments | Less amount representing interest | Present value of capitalized lease payments |"}
{"_id": "d8843b0b6", "title": "", "text": "| PAYMENTS DUE BY PERIOD | As of December 31, 2013(In millions) | Long-term debt-1 | Operating leases | Capital lease obligations | Total contractual cash obligations |"}
{"_id": "d87eb43ae", "title": "", "text": "| Cost GrossUnrealizedGains GrossUnrealizedLosses Estimated FairValue | April 1, 2017 | Auction rate securities | Money market funds | $2,164 | April 2, 2016 | U.S. government/agency securities | Auction rate securities | Corporate debt | Money market funds | $344,313 |"}
{"_id": "d87b01fcc", "title": "", "text": "| (In Millions) 2013 2012 2011 | Net cash provided by operating activities | Net cash used for investing activities | Net cash used for financing activities | Effect of exchange rate fluctuations on cash and cash equivalents | Net increase (decrease) in cash and cash equivalents |"}
{"_id": "d8d39c9b6", "title": "", "text": "| Moody’s Standard   and Poor’s Fitch | M&T Bank Corporation | Senior debt | Subordinated debt | M&T Bank | Short-term deposits | Long-term deposits | Senior debt | Subordinated debt |"}
{"_id": "d87e41e44", "title": "", "text": "ASSUMPTIONS International Paper evaluates its actuarial assumptions annually as of December 31 (the measurement date) and considers changes in these long-term factors based upon market conditions and the requirements for employers accounting for pensions.\nThese assumptions are used to calculate benefit obligations as of December 31 of the current year and pension expense to be recorded in the following year (i. e. , the discount rate used to determine the benefit obligation as of December 31, 2012 was also the discount rate used to determine net pension expense for the 2013 year).\nMajor actuarial assumptions used in determining the benefit obligations and net periodic pension cost for our defined benefit plans are presented in the following table:"}
{"_id": "d8cc91a4a", "title": "", "text": "incurred during 2009 as compared to 2010.\nThe favorable settlement of litigation with Align Technologies in the third quarter 2009 adversely impacted year-over-year operating profit margin comparisons by 75 basis points.\nThe net dilutive effect of acquired businesses, 2009 divestitures and the operating profit margin impact of contributing certain businesses to the Apex joint venture adversely impacted year-over-year operating profit margin comparisons by approximately 65 basis points.\nAcquisition related charges associated with fair value adjustments to acquired inventory and deferred revenue balances as well as 2010 transaction costs deemed significant by the Company (net of comparable acquisition related charges and costs recorded in the comparable period of 2009) also adversely impacted year-over-year operating profit margin comparisons by 35 basis points as such charges and costs were greater in 2010 than in 2009.\nOperating profit margins were 13.8% in the year ended December 31, 2009 as compared to 14.7% for the year ended December 31, 2008.\nThe decrease in operating profit margins during 2009 is primarily a result of lower sales volumes in 2009 compared to 2008, as well as restructuring costs incurred during 2009 in excess of the level incurred during 2008 which reduced operating profit margin comparisons by 115 basis points on a year-over-year basis.\nIn addition, the dilutive effect of recently acquired businesses had a net adverse impact of 20 basis points on year-over-year operating profit margin comparisons.\nCost savings realized in 2009 attributable to the Companys 2008 and 2009 restructuring activities and ongoing efforts to reduce material costs and other operating expenses partially offset the reductions in operating profit margins.\nThe gain recognized during 2009 in connection with the Align litigation settlement also favorably impacted year-over-year operating profit margin comparisons by 75 basis points.\nIn addition, accounting charges recorded in 2008 associated with recording the fair value of inventory and deferred revenue acquired in connection with the November 2007 acquisition of Tektronix (net of comparable acquisition-related charges recorded in 2009) favorably impacted yearover-year operating profit margin comparisons by 10 basis points as such charges were greater in 2008 than 2009."}
{"_id": "d85de8bf2", "title": "", "text": "| ($ in millions) 2010 2009 2008 | Net sales | Segment earnings | Business consolidation costs(a) | Total segment earnings |"}
{"_id": "d89337c54", "title": "", "text": "$728 million at December 31, 2013 and 2012, respectively.\nFor its transmission facilities, the costs for utility plant, net of accumulated depreciation, were $179 million and $180 million at December 31, 2013 and 2012, respectively.\nO&R, RECO and Pike, own, in whole or in part, transmission and distribution facilities which include 557 circuit miles of transmission lines, 14 transmission substations, 61 distribution substations, 85,986 in-service line transformers, 3,828 pole miles of overhead distribution lines and 1,827 miles of underground distribution lines.\nO&Rs transmission system is part of the NYISO system except that portions of RECOs system are located within the transmission area controlled by PJM.\nElectric Sales and Deliveries O&R generally recovers, on a current basis, the cost of the electricity that it buys and then sells to its full-service customers.\nIt does not make any margin or profit on the electricity it sells.\nO&Rs New York electric revenues (which accounted for 74.3 percent of O&Rs electric revenues in 2013) are subject to a revenue decoupling mechanism.\nAs a result, O&Rs New York electric delivery revenues are generally not affected by changes in delivery volumes from levels assumed when rates were approved.\nO&Rs electric sales in New Jersey and Pennsylvania are not subject to a decoupling mechanism.\nO&Rs electric sales and deliveries, excluding off- system sales for the last five years were"}
{"_id": "d8187d6b2", "title": "", "text": "| Year Ended December 31 2009 2010 Variance | Revenues | Operating earnings | Operating margin | Gulfstream aircraft deliveries (in units): | Green | Completion |"}
{"_id": "d8682622c", "title": "", "text": "The intrinsic value of restricted stock awards vested during the years ended December 31, 2016, 2015 and 2014 was $25 million, $31 million and $17 million, respectively.\nRestricted stock awards made to employees have vesting periods ranging from 1 year with variable vesting dates to 10 years.\nFollowing is a summary of the future vesting of our outstanding restricted stock awards:"}
{"_id": "d867fd5e8", "title": "", "text": "| 2011 2010 | Cash and cash equivalents | Restricted trust and escrow accounts: | Final capping, closure, post-closure and environmental remediation funds | Tax-exempt bond funds | Other | Total restricted trust and escrow accounts | Debt: | Current portion | Long-term portion | Total debt | Increase in carrying value of debt due to hedge accounting for interest rate swaps |"}
{"_id": "d89854ed0", "title": "", "text": "| December 31, | 2011 | (dollar amounts in millions, except share amounts) | Shares in Huntington common stock-1 | Dividends received on shares of Huntington stock |"}
{"_id": "d8695f6d4", "title": "", "text": "In August 1999, we entered into a five-year lease agreement for our other two office buildings that currently serve as our corporate headquarters in San Jose, California.\nUnder the agreement, we have the option to purchase the buildings at any time during the lease term for the lease balance, which is approximately $142.5 million.\nWe are in the process of evaluating alternative financing methods at expiration of the lease in fiscal 2004 and believe that several suitable financing options will be available to us.\nAt the end of the lease term, we can purchase the buildings for the lease balance, remarket or relinquish the buildings.\nIf we choose to remarket or are required to do so upon relinquishing the buildings, we are bound to arrange the sale of the buildings to an unrelated party and will be required to pay the lessor any shortfall between the net remarketing proceeds and the lease balance, up to the maximum recourse amount of $132.6 million (“residual value guarantee”).\nFor further information, see Note 14 in our Notes to Consolidated Financial Statements."}
{"_id": "d8a1208f2", "title": "", "text": "| Year Entergy Arkansas Entergy Louisiana Entergy Mississippi Entergy New Orleans Entergy Texas | (In Thousands) | 2016 | 2015 | 2014 |"}
{"_id": "d8c5faf60", "title": "", "text": "| December 31, 2008 | (Dollars in millions) | Long-term debt and capital leases | Purchase obligations-1 | Operating lease obligations | Other long-term liabilities | Total long-term debt and other obligations |"}
{"_id": "d8eaff4c8", "title": "", "text": "Index to Financial Statements Net Income Attributable to Company Per Share The following table sets forth the computation of weighted average basic and diluted shares outstanding (in millions, except per share data):"}
{"_id": "d87b70210", "title": "", "text": "| 2017 2016 2015 | Brent oil prices ($/Bbl)(1) | WTI oil prices ($/Bbl)(2) | Natural gas prices ($/mmBtu)(3) |"}
{"_id": "d8ca47e2e", "title": "", "text": "| In Millions Fiscal 2019 | Net earnings, including earnings attributable to redeemable and noncontrolling interests, asreported | Net tax benefit (a) | Tax item (a) | Mark-to-marketeffects, net of tax (b) | Acquisition integration costs, net of tax (c) | Divestitures loss, net of tax (c) | Restructuring charges, net of tax (d) | Project-related costs, net of tax (d) | Asset impairments, net of tax (d) | Hyperinflationary accounting, net of tax (e) | Investment valuation adjustments, net of tax (f) | Legal recovery, net of tax (g) | CPW restructuring costs, net of tax (h) | Adjusted net earnings, including earnings attributable to redeemable and noncontrollinginterests | Net cash provided by operating activities | Purchases of land, buildings, and equipment | Free cash flow | Net cash provided by operating activities conversion rate | Free cash flow conversion rate |"}
{"_id": "d87d6c82a", "title": "", "text": "Further detail regarding the gains (losses) on derivatives not designated in hedging relationships is presented in the following table: Table 82: Gains (Losses) on Derivatives Not Designated for Hedging under GAAP\n(a) Included in Residential mortgage, Corporate services and Other noninterest income.\n(b) Included in Other noninterest income.\n(c) Includes BlackRock LTIP funding obligation and the swaps entered into in connection with sales of a portion of Visa Class B common shares.\nOffsetting, Counterparty Credit Risk, and Contingent Features We, generally, utilize a net presentation on the Consolidated Balance Sheet for those derivative financial instruments entered into with counterparties under legally enforceable master netting agreements.\nThe master netting agreements reduce credit risk by permitting the closeout netting of all outstanding derivative instruments under the master netting agreement with the same counterparty upon the occurrence of an event of default.\nThe master netting agreement also may require the exchange of cash or marketable securities to collateralize either party’s net position.\nIn certain cases, minimum thresholds must be exceeded before any collateral is exchanged.\nCollateral is typically exchanged daily based on the net fair value of the positions with the counterparty as of the preceding day.\nCollateral representing initial margin, which is based on potential future exposure, is also required to be pledged by us in relation to derivative instruments with central clearing house counterparties.\nAny cash collateral exchanged with counterparties under these master netting agreements is also netted, when appropriate, against the applicable derivative fair values on the Consolidated Balance Sheet.\nHowever, the fair value of any securities held or pledged is not included in the net presentation on the balance sheet.\nIn order for derivative instruments under a master netting agreement to be eligible for closeout netting under"}
{"_id": "d88329588", "title": "", "text": "COMMITMENTS AND CONTINGENT LIABILITIES Commitments to extend credit In the ordinary course of business, Huntington makes various commitments to extend credit that are not reflected in the Consolidated Financial Statements.\nThe contract amounts of these financial agreements at December 31, 2011, and December 31, 2010, were as follows:"}
{"_id": "d82223b3a", "title": "", "text": "| 2008 2007 2006 | Weighted average shares outstanding for basic net earnings per share | Effect of dilutive stock options and other equity awards | Weighted average shares outstanding for diluted net earnings per share |"}
{"_id": "d82739976", "title": "", "text": "| June 30, 2017 2016 | Domestic: | Fixed rate medium-term notes, 3.30% to 6.55%, due 2018-2045 | Senior Notes, 3.25% to 4.10%, due 2027 - 2047 | Term loan, Libor plus 100 bps, due 2020 | Foreign: | Euro Senior Notes, 1.125%, due 2025 | Euro Term loan, Libor plus 150 bps, due 2022 | Japanese Yen credit facility, JPY Libor plus 55 bps, due 2017 | Other long-term debt | Deferred debt issuance costs | Total long-term debt | Less: Long-term debt payable within one year | Long-term debt, net | Year Ended December 31, | 2005 | (Dollars in thousands) | Compensation and benefits | Professional services | Net occupancy | Furniture and equipment | Business development and travel | Correspondent bank fees | Data processing services | Telephone | Postage and supplies | Tax credit fund amortization | Impairment of goodwill | Provision for unfunded credit commitments | Trust preferred securities distributions | Other | Total noninterest expense |"}
{"_id": "d818fa8b0", "title": "", "text": "| Year Ended December 31, 2012 | Parent | Cash Flows from Operating Activities: | Cash Flows from Operating Activities-Continuing Operations | Cash Flows from Operating Activities-Discontinued Operations | Cash Flows from Operating Activities | Cash Flows from Investing Activities: | Capital expenditures | Cash paid for acquisitions, net of cash acquired | Intercompany loans to subsidiaries | Investment in subsidiaries | Investment in restricted cash | Additions to customer relationship and acquisition costs | Investment in joint ventures | Proceeds from sales of property and equipment and other, net | Cash Flows from Investing Activities-Continuing Operations | Cash Flows from Investing Activities-Discontinued Operations | Cash Flows from Investing Activities | Cash Flows from Financing Activities: | Repayment of revolving credit and term loan facilities and other debt | Proceeds from revolving credit and term loan facilities and other debt | Early retirement of senior subordinated notes | Net proceeds from sales of senior subordinated notes | Debt financing (repayment to) and equity contribution from (distribution to) noncontrolling interests, net | Intercompany loans from parent | Equity contribution from parent | Stock repurchases | Parent cash dividends | Proceeds from exercise of stock options and employee stock purchase plan | Excess tax benefits from stock-based compensation | Payment of debt finacing costs | Cash Flows from Financing Activities-Continuing Operations | Cash Flows from Financing Activities-Discontinued Operations | Cash Flows from Financing Activities | Effect of exchange rates on cash and cash equivalents | (Decrease) Increase in cash and cash equivalents | Cash and cash equivalents, beginning of period | Cash and cash equivalents, end of period |"}
{"_id": "d8aac31e8", "title": "", "text": "Service and other revenues gross margin was 45% in fiscal 2012 compared to 46% in fiscal 2011.\nGross margin decreased due to additional expenses incurred related to international expansion, which has resulted in the hiring of additional service personnel, increasing compensation and travel costs worldwide.\nIn addition, service costs have increased in our Diagnostics segment due to an increase in our installed base of ThinPrep processors and imagers."}
{"_id": "d810b78b0", "title": "", "text": "| As of or for the Years Ended December 31, Change 2017 vs. 2016 Change 2016 vs. 2015 | (Millions, except percentages and where indicated) | Card billed business(billions) | Charge card billed business as a % of total | Total cards-in-force | Basic cards-in-force | Average basic Card Member spending(dollars) | Total segment assets(billions) | Card Member loans:(a) | Total loans(billions) | Average loans(billions) | Net write-off rate — principal only(b) | Net write-off rate — principal, interest and fees(b) | 30+ days past due loans as a % of total | Calculation of Net Interest Yield on Average Card Member loans: | Net interest income | Exclude: | Interest expense not attributable to our Card Member loan portfolio(c) | Interest income not attributable to our Card Member loan portfolio(d) | Adjusted net interest income(e) | Average Card Member loans including HFS loan portfolios(billions)(f) | Net interest income divided by average Card Member loans | Net interest yield on average Card Member loans(e) | Card Member receivables:(a) | Total receivables(billions) | Net write-off rate — principal only(b) | Net write-off rate — principal and fees(b) | 30+ days past due as a % of total |"}
{"_id": "d899134d4", "title": "", "text": "| Fiscal Year | 2010 | Amount ($) | Revenue: | Product | Services | Ratable product and services | Total revenue | Revenue by Geography: | Americas | EMEA | APAC | Total revenue |"}
{"_id": "d81baf98e", "title": "", "text": "| 2004 $73,684 | 2005 | 2006 | 2007 | 2008 | Thereafter | Total cash obligations | Accreted value of original issue discount of the ATI 12.25% Notes | Accreted value of the related warrants | Total | Debt Security | Redemptions | 6.25% Convertible Notes due 2009 | 93/8%Senior Notes due 2009 | 93/8%Senior Notes due 2009 | 93/8%Senior Notes due 2009 -1 | Repurchases | ATI 12.25% Senior Subordinated Discount Notes due 2008 -2 | 93/8%Senior Notes due 2009 | 5.0% Convertible Notes due 2010 | Total |"}
{"_id": "d86bc2926", "title": "", "text": "| Mexico Key Market Data Full-Year | Change | 2016 | Total Cigarette Market (billion units) | PMI Cigarette Shipments (million units) | PMI Cigarette Market Share | Marlboro | Delicados | Benson & Hedges | Others | Total |"}
{"_id": "d8a925b60", "title": "", "text": "| 2016 2015 2014 | Net income attributable to American Tower Corporation stockholders | Dividends on preferred stock | Net income attributable to American Tower Corporation common stockholders | Basic weighted average common shares outstanding | Dilutive securities | Diluted weighted average common shares outstanding | Basic net income attributable to American Tower Corporation common stockholders per common share | Diluted net income attributable to American Tower Corporation common stockholders per common share |"}
{"_id": "d89e0a2bc", "title": "", "text": "| In millions of dollars Accretable yield Carrying amount of loan receivable Allowance | Beginning balance | Purchases-1 | Disposals/payments received | Accretion | Builds (reductions) to the allowance | Increase to expected cash flows | FX/other | Balance at December 31, 2010-2 | Pension plans | U.S. plans | In millions of dollars | Change in plan assets | Qualified plans | Plan assets at fair value at beginning of year | Actual return on plan assets | Company contributions | Plan participants’ contributions | Divestitures | Settlements | Benefits paid, net of government subsidy | Foreign exchange impact and other | Qualified plans | Nonqualified plans | Plan assets at fair value at year end | Funded status of the plans | Qualified plans-2 | Nonqualified plans-1 | Funded status of the plans at year end | Net amount recognized | Qualified plans | Benefit asset | Benefit liability | Qualified plans | Nonqualified plans | Net amount recognized on the balance sheet | Amounts recognized inAccumulated other comprehensive income (loss) | Qualified plans | Net transition obligation | Prior service benefit | Net actuarial gain (loss) | Qualified plans | Nonqualified plans | Net amount recognized in equity (pretax) | Accumulated benefit obligation | Qualified plans | Nonqualified plans | Accumulated benefit obligation at year end |"}
{"_id": "d8a3e196a", "title": "", "text": "North American Consumer Packaging net sales were $2.0 billion in 2014 compared with $2.0 billion in 2013 and $2.0 billion in 2012.\nOperating profits were $92 million ($100 million excluding sheet plant closure costs) in 2014 compared with $63 million ($110 million excluding paper machine shutdown costs and costs related to the sale of the Shorewood business) in 2013 and $165 million ($162 million excluding a gain associated with the sale of the Shorewood business in 2012).\nCoated Paperboard sales volumes in 2014 were lower than in 2013 reflecting weaker market demand.\nThe business took about 41,000 tons of market-related downtime in 2014 compared with about 24,000 tons in 2013.\nAverage sales price realizations increased year-"}
{"_id": "d89b4e488", "title": "", "text": "The Companies do not expect the required repayment, with interest, to the IRS of their SSCM tax benefits for 2002 through 2005 to exceed the $160 million ($147 million of which is attributable to Con Edison of New York) the Companies paid to the IRS in June 2007 as a deposit for the repayment.\nRepayment of the SSCM tax benefits would not affect the Companies results of operations because deferred taxes have been previously provided for the related temporary differences between the SSCM deductions taken for federal income tax purposes and the corresponding amounts charged to expense for financial reporting purposes.\nThe Companies notified New York State of the closing agreement with the IRS applicable to the years 2002 through 2004 and, in December 2008, made a payment of $34 million, including interest of $12 million ($31 million, including interest of $10 million, is attributable to Con Edison of New York) in settlement of the issue for those years.\nUpon adoption of FIN 48, Con Edison and Con Edison of New York reclassified previously recorded tax liabilities of $151 million and $139 million, respectively, which primarily related to SSCM, to a liability for uncertain tax positions.\nAt December 31, 2008 and 2007, the liabilities for uncertain tax positions for Con Edison were $118 million and $155 million, respectively, and for Con Edison of New York were $108 million and $142 million, respectively, and accrued interest on the liabilities amounted to $18 million and $35 million for Con Edison, respectively, and $15 million and $31 million for Con Edison of New York, respectively.\nThe closing agreement with the IRS and payment to New York State in settlement of SSCM for years 2002 through 2004 resulted in the decrease in accrued interest balances for uncertain tax positions.\nThe Companies recognize interest accrued related to the liability for uncertain tax positions in interest expense and penalties, if any, in operating expenses in the Companies consolidated income statements.\nIn 2008, the Companies recognized an immaterial amount of interest expense for uncertain tax positions.\nIn 2007, Con Edison recognized interest expense for uncertain tax positions of $11 million, of which $9 million is attributable to Con Edison of New York.\nA reconciliation of the beginning and ending amounts of unrecognized tax benefits for Con Edison and Con Edison of New York follows:"}
{"_id": "d8c06c9ea", "title": "", "text": "| Year Ended December 31, 2017 | (in millions) | Reported results (GAAP) | Less: Notable items | 2017 Tax Legislation: | Tax Legislation DTL adjustment | Colleague and community reinvestment | Gain on mortgage/home equity TDR Transaction | Home equity operational items | TOP IV efficiency initiatives | Settlement of certain tax matters | Lease impairment credit-related costs | Total notable items | Underlying results (non-GAAP) |"}
{"_id": "d88ad95da", "title": "", "text": "| As of and for the years ended December 31, | 2015 | ($ in thousands, except per share amounts) | OTHER DATA: | Funds from operations (FFO)(1)attributable to common stockholders and unitholders: | Net income available to common stockholders | Adjustments: | Depreciation and amortization | Gains not included in FFO attributable to common stockholders and unitholders | Depreciation add back from unconsolidated co-investments | Noncontrolling interest related to Operating Partnership units | Insurance reimbursements | Depreciation attributable to third party ownership and other | Funds from operations attributable to common stockholders and unitholders | Non-core items: | Merger and integration expenses | Acquisition and investment related costs | Gain on sale of marketable securities, note prepayment, and other investments | Gain on sale of co-investments | Gain on sale of land | Loss on early retirement of debt | Co-investment promote income | Income from early redemption of preferred equity investments | Insurance reimbursements | Other non-core items, net-2 | Core funds from operations (Core FFO) attributable to common stockholders and unitholders | Weighted average number of shares outstanding, diluted (FFO)(3) | Funds from operations attributable to common stockholders and unitholdersper share - diluted | Core funds from operations attributable to common stockholders and unitholdersper share - diluted |"}
{"_id": "d88877652", "title": "", "text": "(8) The computation of average common equity for each business segment is determined using the Companys Required Capital framework, an internal capital adequacy measure (see Liquidity and Capital ResourcesRegulatory RequirementsRequired Capital herein).\nAverage common equity for each business segment is a non-GAAP financial measure that the Company considers to be a useful measure to the Company and investors to assess capital adequacy.\n(9) The calculation of each business segments return on average common equity uses income from continuing operations applicable to Morgan Stanley less preferred dividends as a percentage of each business segments average common equity.\nThe return on average common equity is a non-GAAP financial measure that the Company considers to be a useful measure to the Company and investors to assess operating performance.\nThe effective tax rates used in the computation of business segments return on average common equity were determined on a separate legal entity basis.\nTo determine the return on consolidated average common equity, excluding the impact of DVA, also a non-GAAP financial measure, both the numerator and the denominator were adjusted to exclude the impact of DVA.\nThe impact of DVA in 2014, 2013 and 2012 was 0.8%, (0.6)% and (5.1)%, respectively.\n(10) Average tangible common equity is a non-GAAP financial measure that the Company considers to be a useful measure to the Company and investors to assess capital adequacy.\nFor a discussion of tangible common equity, see Liquidity and Capital ResourcesCapital Management herein.\n(11) Return on average tangible common equity is a non-GAAP financial measure that the Company considers to be a useful measure to the Company and investors to assess capital adequacy.\nThe calculation of return on average tangible common equity uses income from continuing operations applicable to Morgan Stanley less preferred dividends as a percentage of average tangible common equity.\nTo determine the return on average tangible common equity, excluding the impact of DVA, also a non-GAAP financial measure, both the numerator and the denominator were adjusted to exclude the impact of DVA.\nThe impact of DVA in 2014, 2013 and 2012 was 0.8%, (0.7)% and (5.8)%, respectively.\n(12) From time to time, the Company may disclose certain non-GAAP financial measures in the course of its earnings releases, earnings conference calls, financial presentations and otherwise.\nFor these purposes, U.\nS.  GAAP refers to accounting principles generally accepted in the U. S.  The U. S.  Securities and Exchange Commission (the SEC) defines a non-GAAP financial measure as a numerical measure of historical or future financial performance, financial positions, or cash flows that excludes or includes amounts or is subject to adjustments that effectively exclude, or include, amounts from the most directly comparable measure calculated and presented in accordance with U. S.  GAAP.\nNon-GAAP financial measures disclosed by the Company are provided as additional information to investors in order to provide them with further transparency about, or as an alternative method for assessing, the Companys financial condition and operating results.\nThese measures are not in accordance with, or a substitute for, U. S.  GAAP, and may be different from or inconsistent with non-GAAP financial measures used by other companies.\nWhenever the Company refers to a non-GAAP financial measure, the Company will also generally present the most directly comparable financial measure calculated and presented in accordance with U. S.  GAAP, along with a reconciliation of the differences between the non-GAAP financial measure and the U. S.  GAAP financial measure."}
{"_id": "d8a714042", "title": "", "text": "| December 31, 2012 December 31, 2011 | Amount | Fixed maturities, AFS, at fair value | Fixed maturities, at fair value using the fair value option | Equity securities, AFS, at fair value | Mortgage loans | Policy loans, at outstanding balance | Limited partnerships and other alternative investments | Other investments [1] | Short-term investments | Total investments excluding equity securities, trading | Equity securities, trading, at fair value [2] | Total investments [3] | For the years ended December 31, | 2012 | Amount | Fixed maturities [2] | Equity securities, AFS | Mortgage loans | Policy loans | Limited partnerships and other alternative investments | Other Investments [3] | Investment expense | Total securities AFS and other | Equity securities, trading | Total net investment income (loss), before-tax | Total securities, AFS and other excluding limited partnerships and other alternative investments |"}
{"_id": "d8e4aa32a", "title": "", "text": "Hologic, Inc.  Notes to Consolidated Financial Statements (continued) (In thousands, except per share data) purchased products that the Company continues to sell as well as utilize to enhance and incorporate into the Companys existing products.\nThe intangible assets are expected to be amortized on a straight-line basis over the expected useful lives as the anticipated undiscounted cash flows are relatively consistent over the expected useful lives of the intangible assets.\nThe estimated $600 of purchase price allocated to in-process research and development projects related to AEGs Organic Photoconductor Coating and Selenium product lines.\nThe deferred income tax liability relates to the tax effect of acquired identifiable intangible assets, and fair value adjustments to acquired inventory, land, building and related improvements as such amounts are not deductible for tax purposes.\nThe Company had an existing relationship with AEG as a supplier of inventory items.\nThe supply agreement was entered into in prior years at arms length terms and conditions.\nNo minimum purchase requirements existed and the pricing was consistent with other vendor agreements.\nAcquisition of R2 Technology, Inc.  On July 13, 2006, the Company completed the acquisition of R2 Technology, Inc.  (R2) pursuant to an Agreement and Plan of Merger dated April 24, 2006.\nThe results of operations for R2 have been included in the Companys consolidated financial statements from the date of acquisition as part of its Mammography/Breast Care business segment.\nR2, previously located in Santa Clara, California, develops and sells computer-aided detection technology and products (CAD), an innovative technology that assists radiologists in the early detection of breast cancer.\nThe aggregate purchase price for R2 of approximately $220,600 consisted of approximately 4,400 shares of Hologic Common Stock valued at $205,500, cash paid of $6,900, debt assumed of $5,700 and approximately $2,500 for acquisition related fees and expenses.\nThe Company determined the fair value of the shares issued in connection with the acquisition in accordance with EITF Issue No.99-12, Determination of the Measurement Date for the Market Price of Acquirer Securities Issued in a Purchase Business Combination.\nThe components and allocation of the purchase price, consists of the following approximate amounts:"}
{"_id": "d8bf28318", "title": "", "text": "| December 31, | 2011 | (In millions) | Other Assets: | Premium tax offset for future undiscounted assessments | Premium tax offsets currently available for paid assessments | Receivable for reimbursement of paid assessments -1 | $117 | Other Liabilities: | Insolvency assessments |"}
{"_id": "d8961a502", "title": "", "text": "| 2017 2016 2015 | Amount | Income tax expense at the U.S. federal statutory tax rate | Deferred tax write down and transition tax(a) | Excess tax benefits for share-based payment awards | U.S. manufacturing deduction benefit(b) | Research and development tax credit | Tax deductible dividends | Other, net | Income tax expense |"}
{"_id": "d80f0aaf8", "title": "", "text": "Equity Compensation Plan Information The following table summarizes the equity compensation plan information as of December 31, 2011.\nInformation is included for equity compensation plans approved by the stockholders and equity compensation plans not approved by the stockholders."}
{"_id": "d8dd216d0", "title": "", "text": "| Payment Due by Period | Total | Notes and Term Loan, including interest | Operating lease obligations | Purchase obligations | Total |"}
{"_id": "d85f0aa3a", "title": "", "text": "| Favorable/(Unfavorable) | Years ended December 31, | In millions | External sales-1 | Intersegment sales-1 | Total sales | Depreciation and amortization | Research, development and engineering expenses | Equity, royalty and interest income from investees | Interest income | Loss contingency charges-2 | Impairment of light-duty diesel assets-2 | Restructuring actions and other charges-2 | Segment EBIT | Percentage Points | Segment EBIT as a percentage of total sales |"}
{"_id": "d86dcdc98", "title": "", "text": "| (Dollar amounts in millions) 2007 Percent change 2006 Percent change 2005 | Salaries and bonuses | Employee benefits: | Employee health and insurance | Retirement | Payroll taxes and other | Total benefits | Total salaries and employee benefits | Full-time equivalent employees(“FTEs”) at December 31 |"}
{"_id": "d8a5cbac8", "title": "", "text": "| Amount (In Millions) | 2014 net revenue | Retail electric price | Volume/weather | Louisiana business combination customer credits | MISO deferral | Waterford 3 replacement steam generator provision | Other | 2015 net revenue |"}
{"_id": "d8ba002b4", "title": "", "text": "| U.S. International | Pension plan assets and obligations, net: | Prepaid benefit cost | Accrued current benefit cost | Accrued noncurrent benefit cost | Net liability recognized in the Consolidated Balance Sheet | U.S. | Other postretirement benefit obligations: | Accrued current benefit cost | Accrued noncurrent benefit cost | Liability recognized in the Consolidated Balance Sheet |"}
{"_id": "d86c7722c", "title": "", "text": "| December 31, | (dollar amounts in millions) | Consolidated capital calculations: | Common shareholders’ equity | Preferred shareholders’ equity | Total shareholders’ equity | Goodwill | Other intangible assets | Other intangible asset deferred tax liability-1 | Total tangible equity-2 | Preferred shareholders’ equity | Total tangible common equity-2 | Total assets | Goodwill | Other intangible assets | Other intangible asset deferred tax liability-1 | Total tangible assets-2 | Tier 1 capital | Preferred shareholders’ equity | Trust-preferred securities | REIT-preferred stock | Tier 1 common equity-2 | Risk-weighted assets (RWA) | Tier 1 common equity / RWA ratio-2 | Tangible equity / tangible asset ratio-2 | Tangible common equity / tangible asset ratio-2 | Tangible common equity / RWA ratio-2 | Year ended December 31, | (dollar amounts in thousands) | Retail and Business Banking | Regional and Commercial Banking | AFCRE | WGH | Treasury / Other | Net income |"}
{"_id": "d8d480eb8", "title": "", "text": "| Years Ended December 31 2018 2017 2016 | Net product sales recorded by Merck | Merck’s profit share from sales in Bayer’s marketing territories | Total sales | Cost of sales-1 | Selling, general and administrative | Research and development | December 31 | Receivables from Bayer included inOther current assets | Payables to Bayer included inAccrued and other current liabilities-2 | Payables to Bayer included inOther Noncurrent Liabilities-2 |"}
{"_id": "d89aed462", "title": "", "text": "| 2018 2017 2016 | Year ended December 31,(in millions) | Foreign exchange derivatives |"}
{"_id": "d89b31aea", "title": "", "text": "| Year Ended Dec. 31 | 2015 | Xcel Energy | Coal | Natural Gas | Wind(a) | Nuclear | Hydroelectric | Other(b) | Total | Owned generation | Purchased generation | Total |"}
{"_id": "d8f0f2baa", "title": "", "text": "MASCO CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) O.\nSEGMENT INFORMATION – (Concluded) (1) Included in net sales were export sales from the U. S.  of $246 million, $277 million and $275 million in 2010, 2009 and 2008, respectively.\n(2) Intra-company sales between segments represented approximately two percent of net sales in 2010, three percent of net sales in 2009 and one percent of net sales in 2008.\n(3) Included in net sales were sales to one customer of $1,993 million, $2,053 million and $2,058 million in 2010, 2009 and 2008, respectively.\nSuch net sales were included in the following segments: Cabinets and Related Products, Plumbing Products, Decorative Architectural Products and Other Specialty Products.\n(4) Net sales from the Company’s operations in the U. S.  were $5,618 million, $5,952 million and $7,150 million in 2010, 2009 and 2008, respectively.\n(5) Net sales, operating (loss) profit, property additions and depreciation and amortization expense for 2010, 2009 and 2008 excluded the results of businesses reported as discontinued operations in 2010, 2009 and 2008.\n(6) Included in segment operating (loss) profit for 2010 were impairment charges for goodwill and other intangible assets as follows: Plumbing Products – $1 million; and Installation and Other Services – $720 million.\nIncluded in segment operating profit (loss) for 2009 were impairment charges for goodwill as follows: Plumbing Products – $39 million; Other Specialty Products – $223 million.\nIncluded in segment operating profit (loss) for 2008 were impairment charges for goodwill and other intangible assets as follows: Cabinets and Related Products – $59 million; Plumbing Products – $203 million; Installation and Other Services – $52 million; and Other Specialty Products – $153 million.\n(7) General corporate expense, net included those expenses not specifically attributable to the Company’s segments.\n(8) During 2009, the Company recognized a curtailment loss related to the plan to freeze all future benefit accruals beginning January 1, 2010 under substantially all of the Company’s domestic qualified and non-qualified defined-benefit pension plans.\nSee Note M to the consolidated financial statements.\n(9) The charge for litigation settlement in 2009 relates to a business unit in the Cabinets and Related Products segment.\nThe charge for litigation settlement in 2008 relates to a business unit in the Installation and Other Services segment.\n(10) See Note L to the consolidated financial statements.\n(11) Long-lived assets of the Company’s operations in the U. S.  and Europe were $3,684 million and $617 million, $4,628 million and $690 million, and $4,887 million and $770 million at December 31, 2010, 2009 and 2008, respectively.\n(12) Segment assets for 2009 and 2008 excluded the assets of businesses reported as discontinued operations."}
{"_id": "d8e503e7a", "title": "", "text": "| 2013 2012 | Price Range | High | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d88aec89c", "title": "", "text": "CITIZENS FINANCIAL GROUP, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 161 Treasury Stock During the year ended December 31, 2016, as part of its 2016 CCAR plan, the Company paid $430 million to repurchase 17,332,684 common shares at an average price of $24.81; $405 million was recorded in treasury stock and $25 million was recorded in additional paid in capital.\nThe repurchased shares are held in treasury stock.\nDuring the year ended December 31, 2016, the Company recorded no shares of treasury stock associated with share-based compensation plan activity.\nDuring the year ended December 31, 2015, the Company recorded 876,087 shares of treasury stock associated with share-based compensation plan activity for a total cost of $22 million at a weighted-average price per share of $25.50.\nOn August 3, 2015, the Company used the net proceeds of its public offering of $250 million aggregate principal amount 4.350% Subordinated Notes due 2025 issued on July 31, 2015, to repurchase 9,615,384 shares of its outstanding common stock at a public offering price of $26.00 per share.\nThe repurchased shares are held in treasury stock.\nOn April 7, 2015, the Company used the net proceeds of the Series A Preferred Stock offering to repurchase 10,473,397 shares of its common stock at a total cost of approximately $250 million and a price per share of $23.87, which equaled the volumeweighted average price of the Companys common stock for all traded volume over the five trading days preceding the repurchase agreement date of April 1, 2015.\nThe repurchased shares are held in treasury stock."}
{"_id": "d8a120960", "title": "", "text": "NOTE 12.\nSTOCK-BASED COMPENSATION (Entergy Corporation) Entergy grants stock options, restricted stock, performance units, and restricted stock unit awards to key employees of the Entergy subsidiaries under its Equity Ownership Plans which are shareholder-approved stock-based compensation plans.\nThe Equity Ownership Plan, as restated in February 2003, expired December 31, 2016.\nEffective January 1, 2007, Entergy’s shareholders approved the 2007 Equity Ownership and Long-Term Cash Incentive Plan (2007 Plan).\nThe maximum aggregate number of common shares that were available for issuance from the 2007 Plan for stock-based awards was 7,000,000 with no more than 2,000,000 available for non-option grants.\nThe 2007 Plan, which only applied to awards granted between January 1, 2007 and May 5, 2011, will expire after 10 years.\nEffective May 6, 2011, Entergy’s shareholders approved the 2011 Equity Ownership and Long-Term Cash Incentive Plan (2011 Plan).\nThe maximum number of common shares that were available for issuance from the 2011 Plan for stock-based awards was 5,500,000 with no more than 2,000,000 available for incentive stock option grants.\nThe 2011 Plan, which only applied to awards granted between May 6, 2011 and May 7, 2015, will expire after 10 years.\nEffective May 8, 2015, Entergy’s shareholders approved the 2015 Equity Ownership and Long-Term Cash Incentive Plan (2015 Plan).\nThe maximum number of common shares that can be issued from the 2015 Plan for stock-based awards is 6,900,000 with no more than 1,500,000 available for incentive stock option grants.\nThe 2015 Plan, which only applies to awards granted on or after May 6, 2011, will expire after 10 years.\nAs of December 31, 2016, there were 5,192,463 authorized shares remaining for stock-based awards, including 1,500,000 for incentive stock option grants.\nStock Options Stock options are granted at exercise prices that equal the closing market price of Entergy Corporation common stock on the date of grant.\nGenerally, stock options granted will become exercisable in equal amounts on each of the first three anniversaries of the date of grant.\nUnless they are forfeited previously under the terms of the grant, options expire 10 years after the date of the grant."}
{"_id": "d8694b792", "title": "", "text": "| December 31 | Outstandings | (Dollars in millions) | California | Florida | New York | Texas | Virginia | Other U.S./Foreign | Total residential mortgage loans (excluding the Countrywide purchased impaired residentialmortgage loan portfolio) | Total Countrywide purchased impaired residential mortgage loan portfolio-1 | Total residential mortgage loan portfolio |"}
{"_id": "d8894d360", "title": "", "text": "| Amount (In Thousands) | 2012 | 2013 | 2014 | 2015 | 2016 | Years thereafter | Total | Less: Amount representing interest | Present value of net minimum lease payments |"}
{"_id": "d8b11ac44", "title": "", "text": "| 2013 2012 2011 | (dollars in millions) | Restricted stock units-1 | Stock options | Performance-based stock units | Total-2 | Quoted Prices in Active Markets for Identical Assets (Level1) | (dollars in millions) | Assets: | Investments: | Cash and cash equivalents-1 | U.S. government and agency securities: | U.S. Treasury securities | U.S. agency securities | Total U.S. government and agency securities | Corporate and other debt: | State and municipal securities | Collateralized debt obligations | Total corporate and other debt | Derivative contracts-2 | Derivative-related cash collateral receivable | Commingled trust funds-3 | Foreign funds-4 | Other investments | Total investments | Receivables: | Other receivables-1 | Total receivables | Total assets | Liabilities: | Derivative contracts-5 | Derivative-related cash collateral payable | Other liabilities-1 | Total liabilities | Net pension assets |"}
{"_id": "d8efa6756", "title": "", "text": "| 2017 2016* 2015* 2014* 2013* | Statement of Earnings data: | Upstream revenues | Total revenues | Earnings (loss) from continuing operations(1) | Earnings (loss) from continuing operationsattributable to Devon(1) | Earnings (loss) from continuing operations per shareattributable to Devon: | Basic-1 | Diluted-1 | Cash dividends per common share | Balance Sheet data: | Total assets-1 | Long-term debt-2 | Stockholders' equity | Common shares outstanding | 2017 | Net earnings (loss) attributable to Devon | Net earnings (loss) per diluted share attributable to Devon | Core earnings (loss) attributable to Devon(1) | Core earnings (loss) per diluted share attributable to Devon(1) | Retained production (MBoe/d) | Total production (MBoe/d) | Realized price per Boe-2 | Operating cash flow | Capitalized expenditures, including acquisitions | Shareholder and noncontrolling interests distributions | Cash and cash equivalents | Total debt | Reserves (MMBoe) |"}
{"_id": "d8f1255fa", "title": "", "text": "| Units Weighted Average Grant-Date Fair Value per Unit | (In whole) | Outstanding at December 31, 2009 | Granted | Conversions | Outstanding at December 31, 2010 |"}
{"_id": "d8c00c054", "title": "", "text": "| Pension Benefits December 31 Other Benefits December 31 | ($ in millions) | Change in Benefit Obligation | Benefit obligation at beginning of year | Service cost | Interest cost | Plan participants' contributions | Plan amendments | Actuarial loss (gain) | Benefits paid | Benefit obligation at end of year | Change in Plan Assets | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contributions | Plan participants' contributions | Benefits paid | Fair value of plan assets at end of year | Funded status | Amounts Recognized in the Consolidated Statements of Financial Position: | Pension plan assets-1 | Current liability-2 | Non-current liability-3 | Accumulated other comprehensive loss (income) (pre-tax) related to: | Prior service costs (credits) | Net actuarial loss (gain) |"}
{"_id": "d860d8a06", "title": "", "text": "| Amount (In Millions) | 2011 net revenue | Nuclear realized price changes | Nuclear volume | Other | 2012 net revenue |"}
{"_id": "d87e2e4b6", "title": "", "text": "(1) At December 31, 2014, 2013 and 2012, the cumulative CVA reduced the derivative assets balance by $1.6 billion, $1.6 billion and $2.4 billion, respectively.\n(2) FVA was adopted in 2014 and the cumulative FVA reduced the net derivatives balance by $497 million.\n(3) At December 31, 2014, 2013 and 2012, the cumulative DVA reduced the derivative liabilities balance by $0.8 billion, $0.8 billion and $0.8 billion, respectively.\nn/a = not applicable"}
{"_id": "d86d78d10", "title": "", "text": "Additional Consumer and Corporate Credit Details Loans Outstanding"}
{"_id": "d8afe3fa6", "title": "", "text": "The allocation of the allowance for loan losses on originated loans at December 31, 2015 reflects management’s assessment of credit risk and probable loss within each portfolio.\nThis assessment is based on a variety of internal and external factors including, but not limited to, the likelihood and severity of loss, portfolio growth and related risk characteristics, and current economic conditions.\nWith respect to the originated portfolio, an allocation of a portion of the allowance to one loan segment does not preclude its availability to absorb losses in another loan segment.\nManagement believes that the level of the allowance for loan losses at December 31, 2015 is appropriate to cover probable losses."}
{"_id": "d8acc09a0", "title": "", "text": "| (In millions) 2005 2004 2003 2002 2001 | Net earnings | Interest expense (multiplied by 65%)1 | Return | Average debt2, 5 | Average equity3, 5 | Average minimum pension liability3, 4, 5 | Average invested capital | Return on invested capital |"}
{"_id": "d8e10891a", "title": "", "text": "| (Dollars in millions) 2018 2017 | Sales return, rebate, and discount liabilities, beginning of year | Reduction of net sales due to sales returns, discounts, and rebates-1 | Cash payments of discounts and rebates | Sales return, rebate, and discount liabilities, end of year |"}
{"_id": "d8f25f45c", "title": "", "text": "Common Stock Dividends Per Share  Historically, Xcel Energy has paid quarterly dividends to its shareholders.\nDividends on common stock are paid as declared by the Board of Directors.\nDividends declared per share for the quarters of 2008, 2007 and 2006 are:"}
{"_id": "d8f5d5b72", "title": "", "text": "| Year ended December 31, (in millions) 2010 2009 2008 | U.S. | Non-U.S.(a) | Income before incometax expense/(benefit)andextraordinary gain |"}
{"_id": "d86cac9c2", "title": "", "text": "| Years Ended December 31 2009 2008 2007 | In Millions | Revenues | Discontinued operations: | Pretax income (loss) from discontinued operations | Income tax expense (benefit) | Income (Loss) From Discontinued Operations, Net of Tax Expense (Benefit) |"}
{"_id": "d88292188", "title": "", "text": "?\nAsset Utilization  In response to economic conditions and lower revenue in 2009, we implemented productivity initiatives to improve efficiency and reduce costs, in addition to adjusting our resources to reflect lower demand.\nAlthough varying throughout the year, our resource reductions included removing from service approximately 26% of our road locomotives and 18% of our freight car inventory by year end.\nWe also reduced shift levels at most rail facilities and closed or significantly reduced operations in 30 of our 114 principal rail yards.\nThese demand-driven resource adjustments and our productivity initiatives combined to reduce our workforce by 10%.  ?\nFuel Prices  As the economy worsened during the third and fourth quarters of 2008, fuel prices dropped dramatically, reaching $33.87 per barrel in December 2008, a near five-year low.\nThroughout 2009, crude oil prices generally increased, ending the year around $80 per barrel.\nOverall, our average fuel price decreased by 44% in 2009, reducing operating expenses by $1.3 billion compared to 2008.\nWe also reduced our consumption rate by 4% during the year, saving approximately 40 million gallons of fuel.\nThe use of newer, more fuel efficient locomotives; increased use of distributed locomotive power; fuel conservation programs; and improved network operations and asset utilization all contributed to this improvement.  ?\nFree Cash Flow  Cash generated by operating activities totaled $3.2 billion, yielding free cash flow of $515 million in 2009.\nFree cash flow is defined as cash provided by operating activities, less cash used in investing activities and dividends paid.\nFree cash flow is not considered a financial measure under accounting principles generally accepted in the United States (GAAP) by SEC Regulation G and Item 10 of SEC Regulation S-K.  We believe free cash flow is important in evaluating our financial performance and measures our ability to generate cash without additional external financings.\nFree cash flow should be considered in addition to, rather than as a substitute for, cash provided by operating activities.\nThe following table reconciles cash provided by operating activities (GAAP measure) to free cash flow (non-GAAP measure):"}
{"_id": "d87c543de", "title": "", "text": "| Table 20 Consumer Loans | December 31 | Outstandings | (Dollars in millions) | Residential mortgage-1 | Home equity | Discontinued real estate-2 | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer-3 | Other consumer-4 | Consumer loans excluding loans accounted for under the fair value option | Loans accounted for under the fair value option-5 | Total consumer loans | Table 21 | December 31 | Accruing Past Due90 Days or More | (Dollars in millions) | Residential mortgage-1 | Home equity | Discontinued real estate | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total-2 | Consumer loans as a percentage of outstanding consumer loans-2 | Consumer loans as a percentage of outstanding loans excluding Countrywide PCI and fully-insured loan portfolios-2 |"}
{"_id": "d8e3b3e44", "title": "", "text": "In the first quarter of 2012, our Power Generation segment reorganized its reporting structure to include the following businesses.  ?\nPower products - Our power products business manufactures generators for commercial and consumer applications ranging from two kilowatts (kW) to one megawatt (MW) under the Cummins Power Generation and Cummins Onan brands.  ?\nPower systems - Our power systems business manufactures and sells diesel fuel-based generator sets over one MW, paralleling systems and transfer switches for critical protection and distributed generation applications.\nWe also offer integrated systems that consist of generator sets, power transfer and paralleling switchgear for applications such as data centers, health care facilities and waste water treatment plants.  ?\nAlternators - Our alternator business (formally called generator technologies prior to the fourth quarter of 2013) designs, manufactures, sells and services A/C generator/alternator products internally as well as to other generator set assemblers.\nOur products are sold under the Stamford, AVK and Markon brands and range in output from 0.6 kilovolt-amperes (kVA) to 30,000 kVA.  ?\nPower solutions - Our power solutions business provides natural gas fuel-based turnkey solutions for distributed generation and energy management applications in the range of 300-2000 kW products.\nThe business also serves a global rental account for diesel and gas generator sets.\nSales for our Power Generation segment by business (including 2011 reorganized balances) were as follows:"}
{"_id": "d8c0c04c8", "title": "", "text": "| Period (a) Total Numberof SharesPurchased(2) (b) Average PricePaid perShare(2)(3) (c) Total Numberof Shares Purchasedas Part of PubliclyAnnounced Plansor Programs(1) (d) Maximum Number(or Approximate DollarValue) of Shares thatMay Yet Be PurchasedUnder the Plans orPrograms(1) | 10/2/05 to 10/29/05 | 10/30/05 to 11/26/05 | 11/27/05 to 12/31/05 | Total |"}
{"_id": "d83427a02", "title": "", "text": "| Twelve Months Ended July 31, | (In millions) | Total fair value of RSUs vested | Share-based compensation for RSUs | Total tax benefit related to RSU share-based compensation expense | Cash tax benefits realized for tax deductions for RSUs |"}
{"_id": "d87eff34a", "title": "", "text": "| Outstanding Nonaccrual | As of December 31 ($ in millions) | Ohio | Michigan | Florida | Illinois | Indiana | North Carolina | Kentucky | Tennessee | All other states | Total |"}
{"_id": "d87b8cbb8", "title": "", "text": "| Years Ended October 31, | 2018 | (in millions, except per share data) | Combined and Consolidated Statement of Operations Data:(a) | Net revenue | Income (loss) before taxes | Net income | Net income per share(b) | Basic | Diluted | Weighted average shares used in computing net income per share:(b) | Basic | Diluted |"}
{"_id": "d875161c6", "title": "", "text": "Indefinite-lived Intangibles, including In-Process Research and Development Our indefinite-lived intangible assets that are not subject to amortization include acquired balloon and other technology, which is\nrepresentative.\nIn October 2016, we notified Preventice of our intent to terminate the commercial agreement and will transition the sales force back to Preventice in 2017 under the terms of the agreement.\nOn April 13, 2015, we acquired 25 percent of the common stock of Frankenman Medical Equipment Company (Frankenman).\nFrankenman is a privately-held company headquartered in Suzhou, China, and is a local market leader in surgical staplers.\nAdditionally, we entered into co-promotional and co-selling agreements with Frankenman to commercialize selected products jointly in China.\nWe believe this alliance will enable us to reach more clinicians and treat more patients in China by providing access to training on less invasive endoscopic technologies with clinical and economic benefits.\nWe are accounting for our investments in Preventice and Frankenman, as well as certain of our other strategic investments, as equity method investments, in accordance with FASB ASC Topic 323.\nThe aggregate carrying amount of our strategic investments as of December 31, 2016 and December 31, 2015, were comprised of the following categories:"}
{"_id": "d8c0c05fe", "title": "", "text": "| December 31, 2015 | Lowest Rating Agency Rating-1 | Vintage | (in millions) | 2015 | 2014 | 2013 | 2012—2009 | 2008—2007 | 2006 | 2005 & Prior | Total commercial mortgage-backed securities-2(3) |"}
{"_id": "d828e39f2", "title": "", "text": "| (In millions) United States Europe West Africa Other Int’l. Consolidated Equity Investees Total | December 31, 2003: | Future cash inflows | Future production, transportation and administrative costs | Future development costs | Future income tax expenses | Future net cash flows | 10% annual discount for estimated timing of cash flows | Standardized measure of discounted future net cash flows relating to proved oil and gas reserves(a) | December 31, 2002: | Future cash inflows | Future production, transportation and administrative costs | Future development costs | Future income tax expenses | Future net cash flows | 10% annual discount for estimated timing of cash flows | Standardized measure of discounted future net cash flows relating to proved oil and gas reserves(a) | Standardized measure of discounted future net cash flows relating to discontinued operations | December 31, 2001: | Future cash inflows | Future production, transportation and administrative costs | Future development costs | Future income tax expenses | Future net cash flows | 10% annual discount for estimated timing of cash flows | Standardized measure of discounted future net cash flows relating to proved oil and gas reserves(a) | Standardized measure of discounted future net cash flows relating to discontinued operations | (In millions) | E&P | RM&T | OERB | Segment revenues | Elimination of intersegment revenues | Elimination of sales to United States Steel | Total revenues | Items included in both revenues and costs and expenses: | Consumer excise taxes on petroleum products and merchandise | Matching crude oil and refined product buy/sell transactions settled in cash: | E&P | RM&T | Total buy/sell transactions |"}
{"_id": "d8721aee0", "title": "", "text": "| Fiscal year ended December 30, 2006 Fiscal year ended December 31, 2005 Year over Year | Net Sales | Outdoor/Fitness | Marine | Automotive/Mobile | Aviation | Total |"}
{"_id": "d8edcebea", "title": "", "text": "| In billions of dollars Dec. 31, 2018 Sept. 30, 2018 Dec. 31, 2017 | Global Consumer Banking | North America | Latin America | Asia-1 | Total | Institutional Clients Group | Corporate lending | Treasury and trade solutions (TTS) | Private bank | Markets and securities servicesand other | Total | TotalCorporate/Other | Total Citigroup loans (AVG) | Total Citigroup loans (EOP) |"}
{"_id": "d8cdd4178", "title": "", "text": "| Payments due in year ending | Contractual Obligations-1 | (in millions) | Contractholder funds-2 | Future policy benefits and claims-3 | Long-term debt-4 | Certificates of deposit-5 | Other long-term liabilities-6 | Capital leases | Long-term debt interest | Operating leases-7 | Purchase obligations-8 | Total contractual obligations |"}
{"_id": "d87817f0a", "title": "", "text": "| December 31, 2009 December 31,2008 | In millions | Commercial (a) | Commercial real estate (a) | Consumer | Residential real estate | Total | In millions | January 1 | Accretion (including cash recoveries) | Adjustments resulting from changes in purchase price allocation | Net reclassifications from non- accretable to accretable | Disposals | December 31 |"}
{"_id": "d8c108fac", "title": "", "text": "| Month Total Number of Shares Purchased Avg. Price Paid per Share Total Number of Shares Purchased as Part of Publicly Announced Programs Max. Number of Shares That May Yet Be Purchased Under the Programs-1,(2) | October 2016 | Repurchase program | November 2016 | Repurchase program | December 2016 | Repurchase program | Total quarter ended December 31, 2016 | Repurchase program |"}
{"_id": "d8e73f2b6", "title": "", "text": "| December 31, 2008Dollars in millions Notional amount Estimated net fair value Weighted- Average Remaining Maturity InYears | Credit Default Swaps – Guarantees | Single name | Index traded | Total (a) | Credit Default Swaps – Beneficiaries | Single name | Index traded | Total (b) | Total (c) |"}
{"_id": "d8f26f62c", "title": "", "text": "| Years Ended March 31, Change | (Dollars in millions) | Gross Profit | Distribution Solutions-1 | Technology Solutions-2 | Total | Gross Profit Margin | Distribution Solutions | Technology Solutions | Total |"}
{"_id": "d8996d916", "title": "", "text": "| Interim surcharge $53.9 million | Items to be addressed as part of unbundling | Imputed capacity charges | Other |"}
{"_id": "d891c6f14", "title": "", "text": "| December 31, | (in millions) | Beginning assets under management | Net inflows (outflows) | Long-term-1 | Cash management | Advisory-2 | Total net inflows (outflows) | Acquisitions-3 | Market change | FX impact-4 | Total change | Ending assets under management |"}
{"_id": "d8dd8d3f8", "title": "", "text": "| In millions of dollars at year end Due within 1 year Over 1 year but within 5 years Over 5 years Total | U.S. Consumer mortgage loan portfolio type | First mortgages | Second mortgages | Total | Fixed/variable pricing of U.S. Consumer mortgage loans with maturities due after one year | Loans at fixed interest rates | Loans at floating or adjustable interest rates | Total |"}
{"_id": "d8a3e1bcc", "title": "", "text": "The increase in expense from 2005 to 2006 was primarily a result of both increases in service and interest cost and amortization of net actuarial losses resulting largely from lower discount rates, partially offset by the impact of an increase in the expected return on plan assets due to a larger plan assets base.\nThe decrease in expense from 2006 to 2007 was primarily the result of an increase in the expected return on plan assets and a decrease in amortization of net actuarial losses resulting from the $350 million contribution made in"}
{"_id": "d8960fbfc", "title": "", "text": "| Period Total Number of Shares (or Units) Purchased (1) Average Price Paid per Share (or Unit) Total Number of Shares (or Units) Purchased as Part of Publicly Announced Plans or Programs Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs (in millions) (2) | January 1, 2009 — January 31, 2009 | February 1, 2009 — February 28, 2009 | March 1, 2009 — March 31, 2009 | April 1, 2009 — April 30, 2009 | May 1, 2009 — May 31, 2009 | June 1, 2009 — June 30, 2009 | July 1, 2009 — July 31, 2009 | August 1, 2009 — August 31, 2009 | September 1, 2009 — September 30, 2009 | October 1, 2009 — October 31, 2009 | November 1, 2009 — November 30, 2009 | December 1, 2009 — December 31, 2009 | Total |"}
{"_id": "d8c9818be", "title": "", "text": "Xcel Energy’s ongoing investment strategy is based on plan-specific investment recommendations that seek to minimize potential investment and interest rate risk as a plan’s funded status increases over time.\nThe investment recommendations result in a greater percentage of long-duration fixed income securities being allocated to specific plans having relatively higher funded status ratios and a greater percentage of growth assets being allocated to plans having relatively lower funded status ratios.\nThe aggregate projected asset allocation presented in the table above for the master pension trust results from the plan-specific strategies."}
{"_id": "d88038806", "title": "", "text": "STATEMENT OF CASH FLOWS The Company considers short-term, highly liquid investments with an original maturity of 90 days or less to be cash equivalents.\nSABBATICAL LEAVE In certain countries, eligible employees are entitled to take a paid sabbatical after a predetermined period of service.\nIn 2006, the FASB issued guidance on accounting for sabbatical leave, codified in the Compensation  General Topic of the FASB ASC.\nUnder this guidance, compensation costs associated with a sabbatical should be accrued over the requisite service period, assuming certain conditions are met.\nThe Company adopted the guidance effective January 1, 2007, as required and accordingly, recorded a $36.1 million cumulative adjustment, net of tax, to decrease beginning retained earnings in the first quarter 2007.\nThe annual impact to earnings is not significant.\nSUBSEQUENT EVENTS In May 2009, the FASB issued guidance on subsequent events, codified in the Subsequent Events Topic of the FASB ASC.\nThis guidance sets forth the period after the balance sheet date during which management of a reporting entity should evaluate events or transactions that may occur for potential recognition or disclosure in the financial statements.\nThe guidance also indicates the circumstances under which an entity should recognize events or transactions occurring after the balance sheet date in its financial statements, as well as the disclosures that an entity should make about events or transactions that occurred after the balance sheet date.\nThe Company adopted this guidance beginning in the second quarter 2009.\nThe adoption had no impact on our consolidated financial statements, besides the additional disclosure.\nThe Company evaluated subsequent events through the date the financial statements were issued and filed with the Securities and Exchange Commission, which was February 26, 2010.\nThere were no subsequent events that required recognition or disclosure."}
{"_id": "d8d5420fe", "title": "", "text": "| 2017 2018 | North America | South America | Europe | Middle East & Africa | Asia Pacific | Total Automotive | Ford Credit | Mobility | Total Company |"}
{"_id": "d80ed4d18", "title": "", "text": "| (in millions) Premiums and Other Considerations Net Investment Income Net Realized Capital Gains (Losses) Total Revenues Operating Income | 2007 | Group retirement products | Individual fixed annuities | Individual variable annuities | Individual annuities — runoff* | Total | 2006 | Group retirement products | Individual fixed annuities | Individual variable annuities | Individual annuities — runoff* | Total | 2005 | Group retirement products | Individual fixed annuities | Individual variable annuities | Individual annuities — runoff* | Total | Percentage Increase/(Decrease) 2007 vs. 2006: | Group retirement products | Individual fixed annuities | Individual variable annuities | Individual annuities — runoff | Total | Percentage Increase/(Decrease) 2006 vs. 2005: | Group retirement products | Individual fixed annuities | Individual variable annuities | Individual annuities — runoff | Total |"}
{"_id": "d84845840", "title": "", "text": "Our computation of expected volatility for 2006 and 2007 was based on a combination of historical and market-based implied volatility from traded options on our stock.\nPrior to 2006, our computation of expected volatility was based on historical volatility.\nOur computation of expected life was determined based on historical experience of similar awards, giving consideration to the contractual terms of the stock-based awards, vesting schedules and expectations of future employee behavior.\nThe interest rate for periods within the contractual life of the award is based on the U. S.  Treasury yield curve in effect at the time of grant.\nWe recognize interest and penalties related to unrecognized tax benefits as part of income tax expense in the Consolidated Statements of Operations, which is consistent with prior reporting periods.\nAs of December 31, 2011, three tax years were subject to audit by the United States Internal Revenue Service (IRS), covering the years 2009 through 2011.\nIn 2011, IRS examinations of the 2004 through 2008 tax returns were completed, and a final audit report was issued.\nWe are now waiting on review and final sign-off by the Joint Committee on Taxation.\nRefunds aggregating $15.6 are expected for all years associated with the audit.\nIn addition, in 2011 we adjusted our reserve for uncertain tax positions with respect to the largest issue in connection with this examination, related to worthless stock deductions, which had a favorable impact on our tax provision of $3.6.\nFive tax years were undergoing (or subject to) audit by the Canada Revenue Agency, covering the periods 2005 through 2009.\nExaminations are in progress for each of these years and are at various stages of completion, but to date we are not aware of any material adjustments.\nVarious state and other foreign jurisdiction tax years remain open to examination as well, though we believe assessments (if any) would be immaterial to our consolidated financial statements.\nWe are not aware of any changes that would materially impact our tax expense for an increase or decrease in the total amount of unrecognized tax benefits within the next 12 months.\nDeferred income taxes are provided for the temporary differences between the financial reporting basis and the tax basis of our assets and liabilities.\nThe major temporary differences and their associated deferred tax assets or liabilities are as follows:"}
{"_id": "d8f458e2a", "title": "", "text": "| Location Operations Conducted ApproximateSquare Feet LeaseExpirationDates | New Haven, Connecticut | Dublin, Ireland | Lexington, Massachusetts | Bogart, Georgia | Smithfield, Rhode Island | Zurich, Switzerland |"}
{"_id": "d8e14a1b2", "title": "", "text": "| For the fiscal years ended June 30, | Notes | Operating activities: | Net (loss) income | Less: Income (loss) from discontinued operations, net of tax | (Loss) income from continuing operations | Adjustments to reconcile (loss) income from continuing operations to cash provided by operating activities: | Depreciation and amortization | Equity losses (earnings) of affiliates | Cash distributions received from affiliates | Impairment charges | Other, net | Deferred income taxes and taxes payable | Change in operating assets and liabilities, net of acquisitions: | Receivables and other assets | Inventories, net | Accounts payable and other liabilities | NAM Group settlement | Net cash provided by operating activities from continuing operations | Net cash used in operating activities from discontinued operations | Net cash provided by operating activities | Investing activities: | Capital expenditures | Changes in restricted cash for Wireless Group acquisition | Acquisitions, net of cash acquired | Investments in equity affiliates and other | Other investments | Proceeds from business dispositions | Proceeds from property, plant and equiptment and other asset dispositions | Other | Net cash used in investing activities from continuing operations | Net cash provided by (used in) investing activities from discontinued operations | Net cash used in investing activities | Financing activities: | Borrowings | Repayment of borrowings acquired in acquisitions | Repurchase of shares | Dividends paid | Other, net | Net cash (used in) provided by financing activities from continuing operations | Net cash used in financing activities from discontinued operations | Net cash (used in) provided by financing activities | Net increase (decrease) in cash and cash equivalents | Cash and cash equivalents, beginning of year | Exchange movement on opening cash balance | Cash and cash equivalents, end of year |"}
{"_id": "d8acaade4", "title": "", "text": "| Years Ended December 31, | 2008 | (in millions, except percentages) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Pretax income (loss) |"}
{"_id": "d870539c2", "title": "", "text": "| (in millions of U.S. dollars) 2010 | Balance, beginning of year | Net income | Dividends declared on Common Shares | Change in net unrealized appreciation (depreciation) on investments, net of tax | Repurchase of shares | Other movements, net of tax | Balance, end of year |"}
{"_id": "d8ed898ba", "title": "", "text": "| Global Payments S&P 500 S&P Information Technology | May 31, 2002 | May 31, 2003 | May 31, 2004 | May 31, 2005 | May 31, 2006 | May 31, 2007 |"}
{"_id": "d89412f16", "title": "", "text": "| 2001 2002 2003 | (Millions of dollars) | Electric utility | Gas utility | Common utility | Total utility | NRG | Other nonregulated | Total capital expenditures | Sinking funds and debt maturities | Total capital requirements |"}
{"_id": "d8e02ca46", "title": "", "text": "| For the Years Ended December 31, | 2011 | Operating Revenues (dollars in thousands) | Customer Class | Water service: | Residential | Commercial | Industrial | Public and other | Other water revenues | Total water revenues | Wastewater service | Other revenues | $2,368,891 |"}
{"_id": "d8be6152e", "title": "", "text": "| Owned Leased | United States | Canada | Europe | Rest of World |"}
{"_id": "d82990a9e", "title": "", "text": "GUARANTEES AND WARRANTIES In April 2015, we entered into joint venture arrangements in Saudi Arabia.\nAn equity bridge loan has been provided to the joint venture until 2020 to fund equity commitments, and we guaranteed the repayment of our 25% share of this loan.\nOur venture partner guaranteed repayment of their share.\nOur maximum exposure under the guarantee is approximately $100.\nAs of 30 September 2016, we recorded a noncurrent liability of $94.4 for our obligation to make future equity contributions based on the equity bridge loan.\nAir Products has also entered into a sale of equipment contract with the joint venture to engineer, procure, and construct the industrial gas facilities that will supply gases to Saudi Aramco.\nWe have provided bank guarantees to the joint venture of up to $311 to support our performance under the contract.\nExposures under the guarantees decline over time and will be completely extinguished after completion of the project.\nWe are party to an equity support agreement and operations guarantee related to an air separation facility constructed in Trinidad for a venture in which we own 50%.\nAt 30 September 2016, maximum potential payments under joint and several guarantees were $29.0.\nExposures under the guarantees decline over time and will be completely extinguished by 2024.\nDuring the first quarter of 2014, we sold the remaining portion of our Homecare business and entered into an operations guarantee related to obligations under certain homecare contracts assigned in connection with the transaction.\nOur maximum potential payment under the guarantee is ￡20 million (approximately $25 at 30 September 2016), and our exposure will be extinguished by 2020.\nTo date, no equity contributions or payments have been made since the inception of these guarantees.\nThe fair value of the above guarantees is not material.\n2015 vs.  2014 On a GAAP basis, the effective tax rate was 24.0% and 27.1% in 2015 and 2014, respectively.\nThe effective tax rate was higher in fiscal year 2014 primarily due to the goodwill impairment charge of $305.2, which was not deductible for tax purposes, and the Chilean tax reform enacted in September 2014 which increased income tax expense by $20.6.\nThese impacts were partially offset by an income tax benefit of $51.6 associated with losses from transactions and a tax election in a non-U.\nS.  subsidiary.\nRefer to Note 10, Goodwill, and Note 23, Income Taxes, to the consolidated financial statements for additional information.\nOn a non-GAAP basis, the effective tax rate was 24.2% and 24.1% in 2015 and 2014, respectively.\nDiscontinued Operations On 29 March 2016, the Board of Directors approved the Company’s exit of its Energy-from-Waste (EfW) business.\nAs a result, efforts to start up and operate its two EfW projects located in Tees Valley, United Kingdom, have been discontinued.\nThe decision to exit the business and stop development of the projects was based on continued difficulties encountered and the Company’s conclusion, based on testing and analysis completed during the second quarter of fiscal year 2016, that significant additional time and resources would be required to make the projects operational.\nIn addition, the decision allows the Company to execute its strategy of focusing resources on its core Industrial Gases business.\nThe EfW segment has been presented as a discontinued operation.\nPrior year EfW business segment information has been reclassified to conform to current year presentation.\nIn fiscal 2016, our loss from discontinued operations, net of tax, of $884.2 primarily resulted from the write down of assets to their estimated net realizable value and to record a liability for plant disposition and other costs.\nIncome tax benefits related only to one of the projects, as the other did not qualify for a local tax deduction.\nThe loss from discontinued operations also includes land lease costs, commercial and administrative costs, and costs incurred for ongoing project exit activities.\nWe expect additional exit costs of $50 to $100 to be recorded in future periods.\nIn fiscal 2015, our loss from discontinued operations, net of tax, related to EfW was $6.8.\nThis resulted from costs for land leases and commercial and administrative expenses.\nIn fiscal 2014, our loss from discontinued operations, net of tax, was $2.9.\nThis included a loss, net of tax, of $7.5 for the cost of EfW land leases and commercial and administrative expenses.\nThis loss was partially offset by a gain of $3.9 for the sale of the remaining Homecare business and settlement of contingencies related to a sale of a separate portion of the business to The Linde Group in 2012.\nRefer to Note 4, Discontinued Operations, for additional details.\nSegment Analysis"}
{"_id": "d881a77e6", "title": "", "text": "MARKET PRICE AND DIVIDENDS D UKE R E A LT Y C O R P O RAT I O N 38 2002 A NNUAL R EPORT The Company’s common shares are listed for trading on the New York Stock Exchange, symbol DRE.\nThe following table sets forth the high and low sales prices of the common stock for the periods indicated and the dividend paid per share during each such period.\nComparable cash dividends are expected in the future."}
{"_id": "d8ae9861a", "title": "", "text": "OREO During 2013 and 2012, the Bancorp recorded nonrecurring adjustments to certain commercial and residential real estate properties classified as OREO and measured at the lower of carrying amount or fair value.\nThese nonrecurring losses are primarily due to declines in real estate values of the properties recorded in OREO.\nFor the years ended December 31, 2013 and 2012, these losses include $19 million and $17 million, respectively, recorded as charge-offs, on new OREO properties transferred from loans during the respective periods and $26 million and $57 million, respectively, recorded as negative fair value adjustments on OREO in other noninterest income subsequent to their transfer from loans.\nAs discussed in the following paragraphs, the fair value amounts are generally based on appraisals of the property values, resulting in a"}
{"_id": "d87851c6e", "title": "", "text": "| Year Ended December 31, 2010 | ($ in millions, except per share amounts) | Sales and service revenues | Operating income (loss) | Earnings (loss) before income taxes | Net earnings (loss) | Net earnings (loss) attributable to HII | Basic earnings (loss) per share | Diluted earnings (loss) per share |"}
{"_id": "d8efba49a", "title": "", "text": "| Con Edison Con Edison of New York | Plan Year | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | Total |"}
{"_id": "d8d259c84", "title": "", "text": "| Years Ended December 31, | 2008 | (in millions, except percentages) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Pretax income |"}
{"_id": "d8c711f5c", "title": "", "text": "| (in millions) 2012 2011 2010 | Balance at January 1 | Contribution by Dow Jones | Distribution to Dow Jones | Allocation of stock-based compensation | Total comprehensive income attributable to redeemable non-controlling interest | Balance at December 31 |"}
{"_id": "d8b8900be", "title": "", "text": "| High Low Dividends | 2005: | Fourth Quarter | Third Quarter | Second Quarter | First Quarter | 2004: | Fourth Quarter | Third Quarter | Second Quarter | First Quarter |"}
{"_id": "d8b68d56e", "title": "", "text": "THE AES CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) DECEMBER 31, 2011, 2010, AND 2009 (1) Weighted average interest rate at December 31, 2011.\n(2) The Company has interest rate swaps and interest rate option agreements in an aggregate notional principal amount of approximately $3.6 billion on non-recourse debt outstanding at December 31, 2011.\nThe swap agreements economically change the variable interest rates on the portion of the debt covered by the notional amounts to fixed rates ranging from approximately 1.44% to 6.98%.\nThe option agreements fix interest rates within a range from 1.00% to 7.00%.\nThe agreements expire at various dates from 2016 through 2028.\n(3) Multilateral loans include loans funded and guaranteed by bilaterals, multilaterals, development banks and other similar institutions.\n(4) Non-recourse debt of $704 million and $945 million as of December 31, 2011 and 2010, respectively, was excluded from non-recourse debt and included in current and long-term liabilities of held for sale and discontinued businesses in the accompanying Consolidated Balance Sheets.\nNon-recourse debt as of December 31, 2011 is scheduled to reach maturity as set forth in the table below:"}
{"_id": "d8c5aa2cc", "title": "", "text": "| For the Years Ended December 31, | (Millions of Dollars) | Operating revenues | Gas purchased for resale | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Gas operating income | Thousands of Dt Delivered | For the Years Ended | Description | Residential | General | Firm transportation | Total firm sales and transportation | Interruptible sales (c) | NYPA | Generation plants | Other | Other operating revenues (d) | Total |"}
{"_id": "d8124330a", "title": "", "text": "| $ in millions Before Consolidation-1 Consolidated Investment Products Adjustments-1(2) Total | Year ended December 31, 2010 | Total operating revenues | Total operating expenses | Operating income | Equity in earnings of unconsolidated affiliates | Interest and dividend income | Other investment income/(losses) | Interest expense | Income before income taxes | Income tax provision | Net income | (Gains)/losses attributable to noncontrolling interests in consolidated entities, net | Net income attributable to common shareholders |"}
{"_id": "d899f1cde", "title": "", "text": "| In millions 2005 2004 2003 | Sales | Operating Profit |"}
{"_id": "d8f846622", "title": "", "text": "| Average for theYear Ended December | in millions | U.S. dollar-denominated | Non-U.S. dollar-denominated | Total |"}
{"_id": "d8f508dde", "title": "", "text": "| Regulator Allowed Return on Equity Percent of Common Equity Rate Base (in billions) Portion of Ameren's 2013 Operating Revenues(a) | Ameren Missouri | Electric service(b)(c) | Natural gas delivery service(d) | Ameren Illinois | Electric distribution delivery service(f) | Natural gas delivery service(g) | Electric transmission delivery service(h) | ATXI | Electric transmission delivery service(h) |"}
{"_id": "d8bcdd716", "title": "", "text": "In February 2007, the FASB issued SFAS No.159 “The Fair Value Option for Financial Assets and Liabilities—Including an amendment of FASB Statement No.115” (SFAS No.159).\nThis statement provides companies with an option to report selected financial assets and liabilities at fair value and establishes presentation and disclosure requirements designed to facilitate comparisons between companies that choose different measurement attributes for similar types of assets and liabilities.\nSFAS No.159 is effective for us as of January 1, 2008.\nWe are in the process of evaluating the impact that SFAS No.159 will have on our consolidated financial statements."}
{"_id": "d89dc25c0", "title": "", "text": "| 2018 2017 2016 | Intrinsic value | Exercise proceeds | Income tax benefit realized |"}
{"_id": "d8c0cb062", "title": "", "text": "the year are summarized below:"}
{"_id": "d87228ebe", "title": "", "text": "| Twelve Months Ended   December 31, Change | 2009 | Loans/Leases | Commercial and industrial | Commercial real estate | Total commercial | Automobile loans and leases | Home equity | Residential mortgage | Other consumer | Total consumer | Total loans | Deposits | Demand deposits — noninterest-bearing | Demand deposits — interest-bearing | Money market deposits | Savings and other domestic time deposits | Core certificates of deposit | Total core deposits | Other deposits | Total deposits | 2009 | December 31, | Total accruing loans | Total nonaccrual loans | Total Loans | OREO | Total Franklin loans and OREO |"}
{"_id": "d87b9bafa", "title": "", "text": "aggregate, have a material impact on our results of operations, financial condition or cash flows.\nProduct Warranties.\nWe provide warranties to our customers associated with certain product sales.\nWe record estimated warranty costs in the period in which the related products are delivered.\nThe warranty liability recorded at each balance sheet date is based on the number of months of warranty coverage remaining for products delivered and the average historical monthly warranty payments.\nWarranty obligations incurred in connection with long-term production contracts are accounted for within the contract estimates at completion (EACs).\nOur other warranty obligations, primarily for business jet aircraft, are included in other current liabilities and other liabilities on the Consolidated Balance Sheet.\nThe changes in the carrying amount of warranty liabilities for each of the past three years were as follows:"}
{"_id": "d88c9d3a8", "title": "", "text": "| Years Ended December 31, | 2008 | (In millions) | Statement of Income Data -1 | Revenues -2, (3): | Premiums | Universal life and investment-type product policy fees | Net investment income | Other revenues | Net investment gains (losses) | Total revenues | Expenses -2, (3): | Policyholder benefits and claims | Interest credited to policyholder account balances | Policyholder dividends | Other expenses | Total expenses | Income from continuing operations before provision for income tax | Provision for income tax -2 | Income from continuing operations | Income (loss) from discontinued operations, net of income tax (2) | Income before cumulative effect of a change in accounting, net of income tax | Cumulative effect of a change in accounting, net of income tax -3 | Net income | Preferred stock dividends | Net income available to common shareholders |"}
{"_id": "d81f2e7e0", "title": "", "text": "| Year ended December 31, (in millions) 2009 2008 2007 | Investment banking fees | Principal transactions | Lending- and deposit-related fees | Asset management, administrationand commissions | Securities gains | Mortgage fees and related income | Credit card income | Other income | Noninterest revenue | Net interest income | Total net revenue |"}
{"_id": "d8a7655be", "title": "", "text": "| Foreign Currency Translation Foreign Currency Hedges Minimum Pension Liability Unrealized Gains on Securities Accumulated Other Comprehensive Income | Beginning balance at January 1, 2004 | Other comprehensive income (loss) | Balance at December 31, 2004 |"}
{"_id": "d8f340bbe", "title": "", "text": "(1) Includes $91 million of fair value and $1 million of gross unrealized losses at December 31, 2014, on securities classified as held-to-maturity, a portion of which is not reflected in AOCI.\n(2) Prior period amounts are presented on a basis consistent with the current period presentation.\nThe gross unrealized losses on fixed maturity securities at December 31, 2015 and 2014, were composed of $3,750 million and $1,156 million, related to high or highest quality securities based on the National Association of Insurance Commissioners (“NAIC”) or equivalent rating and $583 million and $200 million, related to other than high or highest quality securities based on NAIC or equivalent rating, respectively.\nAt December 31, 2015, the $1,802 million of gross unrealized losses of twelve months or more were concentrated in the energy, consumer non-cyclical, and basic industry sectors of the Company’s corporate securities.\nAt December 31, 2014, the $901 million of gross unrealized losses of twelve months or more were concentrated in the energy, consumer non-cyclical and utility sectors of the Company’s corporate securities.\nIn accordance with its policy described in Note 2, the Company concluded that an adjustment to earnings for OTTI for these securities was not warranted at either December 31, 2015 or 2014.\nThese conclusions are based on a detailed analysis of the underlying credit and cash flows on each security.\nThe gross unrealized losses are primarily attributable to general credit spread widening and foreign currency exchange rate movements.\nAt December 31, 2015, the Company does not intend to sell the securities and it is not more likely than not that the Company will be required to sell these securities before the anticipated recovery of its remaining amortized cost basis.\nAt December 31, 2015, $19 million of the gross unrealized losses on equity securities represented declines in value of greater than 20%, $18 million of which had been in that position for less than six months.\nAt December 31, 2014, $13 million of the gross unrealized losses on equity securities represented declines in value of greater than 20%, all of which had been in that position for less than six months.\nIn accordance with its policy described in Note 2, the Company concluded that an adjustment for OTTI for these equity securities was not warranted at either December 31, 2015 or 2014.\nIn the normal course of business, the Company sells securities under agreements to repurchase and enters into securities lending transactions.\nThe following table sets forth the composition of repurchase agreements as of the date indicated."}
{"_id": "d813b8e42", "title": "", "text": "| 2014 Change 2013 Change 2012 | iTunes, Software and Services | Percentage of total net sales |"}
{"_id": "d8f7b6f9a", "title": "", "text": "| 2017 2016 2015 | Amount | (in millions, except percentages) | Income before income taxes | Federal statutory tax | State tax effect, net of federal benefit | Foreign earnings | Impact of foreign tax credits1 | Impact of settlements with tax authorities | Transition Tax | Remeasurement of U.S. deferred taxes | Other, net | Income tax expense |"}
{"_id": "d8bf0d52c", "title": "", "text": "| (dollars in millions) Total Deposits Total Deposit Rank Deposit Market Share | MSA | Boston, MA | Philadelphia, PA | Providence, RI | Pittsburgh, PA | Cleveland, OH | Detroit, MI | Manchester, NH | Albany, NY | Buffalo, NY | Rochester, NY |"}
{"_id": "d8723e994", "title": "", "text": "| Three Months Ended | Dec 31,2018 | (In thousands, except per share amounts) (unaudited) | Revenues | Commissions | Information services | Post-trade services | Other | Total revenues | Expenses | Employee compensation and benefits | Depreciation and amortization | Technology and communications | Professional and consulting fees | Occupancy | Marketing and advertising | Clearing costs | General and administrative | Total expenses | Operating income | Other income (expense) | Investment income | Other, net | Total other income | Income before income taxes | Provision for income taxes | Net income | Net income per common share | Basic | Diluted | 2008 | 2009 | 2010 | 2011 | 2012 | Thereafter | Total maturities | Unamortized fair value adjustment | Unamortized commission fees and discounts | Senior notes payable and other debt |"}
{"_id": "d88d9ac24", "title": "", "text": "Item 6.\nSelected Financial Data The following tables present selected consolidated financial information for the company as of and for each of the five fiscal years in the period ended December 31, 2015.\nExcept as otherwise noted below, the consolidated financial information has been prepared in accordance with U. S.  generally accepted accounting principles."}
{"_id": "d8737bbfe", "title": "", "text": "| December 31, 2012 December 31, 2011 | (Dollar amounts in millions) | Trading investments: | Deferred compensation plan mutual funds | Equity/Multi-asset class mutual funds | Debt securities: | Corporate debt | U.S. government debt | Foreign debt | Total trading investments |"}
{"_id": "d8a37cf38", "title": "", "text": "| Equity Price Exposure to Pretax Income | Equity Price Decline 10% | (in millions) | Asset-based management and distribution fees-1 | DAC and DSIC amortization-2(3) | Variable annuity riders: | GMDB and GMIB-3 | GMWB | GMAB | DAC and DSIC amortization-4 | Total variable annuity riders | Macro hedge program-5 | Equity indexed annuities | Certificates | Indexed universal life insurance | Total | Interest Rate Exposure to Pretax Income | Interest Rate Increase 100 Basis Points | (in millions) | Asset-based management and distribution fees-1 | Variable annuity riders: | GMDB and GMIB | GMWB | GMAB | DAC and DSIC amortization-4 | Total variable annuity riders | Macro hedge program-5 | Fixed annuities, fixed insurance and fixed portion of variable annuities and variable insurance products | Brokerage client cash balances | Certificates | Indexed universal life insurance | Total | December 31, | 2014 | (in millions) | Syndicated loans | Unpaid principal balance | Excess unpaid principal over fair value | Fair value | Fair value of loans more than 90 days past due | Fair value of loans in nonaccrual status | Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both | Debt | Unpaid principal balance | Excess unpaid principal over fair value | Fair value |"}
{"_id": "d8d1372a2", "title": "", "text": "Year Ended December 31, 2013\n(1)  See definitions of operating revenues and operating expenses under “— Non-GAAP and Other Financial Disclosures” for the components of such adjustments\ncash consideration that would be received for instances when the service components are sold separately.\nIf the fair value to the customer for each service is not objectively determinable, we make our best estimate of the services’ stand-alone selling price and record revenue as it is earned over the service period.\nReceivables We record a receivable when a customer is billed or when revenue is recognized prior to billing a customer.\nFor multi-year agreements, we generally invoice customers annually at the beginning of each annual period.\nThe opening balance of accounts receivable, net of allowance for doubtful accounts, was $1,319 million as of January 1, 2018.\nContract Assets Contract assets include unbilled amounts from when the Company transfers service to a customer before a customer pays consideration or before payment is due.\nAs of December 31, 2018 and 2017, contract assets were $26 million and $17 million, respectively, and are included in accounts receivable in our consolidated balance sheets.\nUnearned Revenue We record unearned revenue when cash payments are received or due in advance of our performance.\nThe increase in the unearned revenue balance for the year ended December 31, 2018 is primarily driven by cash payments received or due in advance of satisfying our performance obligations, offset by $1.5 billion of revenues recognized that were included in the unearned revenue balance at the beginning of the period.\nRemaining Performance Obligations Remaining performance obligations represent the transaction price of contracts for work that has not yet been performed.\nAs of December 31, 2018, the aggregate amount of the transaction price allocated to remaining performance obligations was $1.4 billion.\nWe expect to recognize revenue on approximately half and three-quarters of the remaining performance obligations over the next 12 and 24 months, respectively, with the remainder recognized thereafter.\nWe do not disclose the value of unfulfilled performance obligations for (i) contracts with an original expected length of one year or less and (ii) contracts where revenue is a usage-based royalty promised in exchange for a license of intellectual property.\nCosts to Obtain a Contract We recognize an asset for the incremental costs of obtaining a contract with a customer if we expect the benefit of those costs to be longer than one year.\nWe have determined that certain sales commission programs meet the requirements to be capitalized.\nTotal capitalized costs to obtain a contract were $101 million as of December 31, 2018, and are included in prepaid and other current assets and other non-current assets on our consolidated balance sheets.\nThe asset will be amortized over a period consistent with the transfer to the customer of the goods or services to which the asset relates, calculated based on the customer term and the average life of the products and services underlying the contracts.\nThe expense is recorded within selling and general expenses.\nWe expense sales commissions when incurred if the amortization period would have been one year or less.\nThese costs are recorded within selling and general expenses.\nPresentation of net periodic pension cost and net periodic postretirement benefit cost During the first quarter of 2018, we adopted new accounting guidance requiring that net periodic benefit cost for our retirement and postretirement plans other than the service cost component be included outside of operating profit; these costs are included in other income, net in our consolidated statements of income.\nThe components of other income, net for the year ended December 31 are as follows:"}
{"_id": "d8e350d9e", "title": "", "text": "1) The Company's SBO portfolio consists of loans that were originally serviced by others.\nThe Company now services a portion of this portfolio internally.\nConcentrations of Credit Risk Most of the Company's business activity is with customers located in the New England, Mid-Atlantic and Midwest regions.\nGenerally, loans are collateralized by assets including real estate, inventory, accounts receivable, other personal property and investment securities.\nAs of December 31, 2014 and 2013, the Company had a significant amount of loans collateralized by residential and commercial real estate.\nThere are no significant concentrations in particular industries within the commercial loan portfolio.\nExposure to credit losses arising from lending transactions may fluctuate with fair values of collateral supporting loans, which may not perform according to contractual agreements.\nThe Company's policy is to collateralize loans to the extent necessary; however, unsecured loans are also granted on the basis of the financial strength of the applicant and the facts surrounding the transaction.\nCertain loan products, including residential mortgages, home equity loans and lines of credit, and credit cards, have contractual features that may increase credit exposure to the Company in the event of an increase in interest rates or a decline in housing values.\nThese products include loans that exceed 90% of the value of the underlying collateral (high LTV loans), interest- only and negative amortization residential mortgages, and loans with low introductory rates.\nCertain loans have more than one of these characteristics\nAt December 31, 2016, 438,519,780 shares were issued and outstanding.\nDividends paid in each of 2016, 2015 and 2014 were $0.36 per annum or $0.09 per quarter.\nThe current dividend yield as authorized by Arconics Board of Directors is $0.24 per annum or $0.06 per quarter.\nIn July 2015, Arconic issued 29 million shares (87 million sharespre-Reverse Stock Split) of common stock as consideration paid to acquire RTI (see Note F).\nIn early 2014, Arconic issued 30 million shares (89 million sharespre-Reverse Stock Split) of common stock under the terms of Arconics 5.25% Convertible Notes due March 15, 2014.\nAlso, in November 2014, Arconic issued 12 million shares (37 million sharespre-Reverse Stock Split) of common stock as part of the consideration paid to acquire Firth Rixson (see Note F).\nAs of December 31, 2016, 45 million shares of common stock were reserved for issuance under Arconics stock-based compensation plans.\nArconic buys shares in the open market to satisfy the exercise of stock options and the conversion of stock awards.\nShare Activity (number of shares)"}
{"_id": "d888b5b50", "title": "", "text": "| December 31, 2006 | Public | Carrying amount | (in millions) | Three months or less | Greater than three to six months | Greater than six to nine months | Greater than nine to twelve months | Greater than twelve to twenty-four months | Greater than twenty-four to thirty-six months | Greater than thirty-six months | Total fixed maturities, available-for-sale |"}
{"_id": "d818bcd08", "title": "", "text": "(a) Includes the impact of RBC Bank (USA), which we acquired on March 2, 2012.\n(b) Includes the impact of National City, which we acquired on December 31, 2008.\n(c) Includes the impact of National City except for the following Selected Ratios: Net interest margin, Noninterest income to total revenue, Efficiency, Return on Average common shareholders equity, Return on Average assets, Dividend payout and Average common shareholders equity to average assets.\n(d) Represents the sum of interest-bearing money market deposits, interest-bearing demand deposits, and noninterest-bearing deposits.\n(e) Includes long-term borrowings of $19.3 billion, $20.9 billion, $24.8 billion, $26.3 billion and $33.6 billion for 2012, 2011, 2010, 2009 and 2008, respectively.\nBorrowings which mature more than one year after December 31, 2012 are considered to be long-term.\n(f) Amounts for 2012, 2011 and 2010 include cash and money market balances.\n(g) Calculated as taxable-equivalent net interest income divided by average earning assets.\nThe interest income earned on certain earning assets is completely or partially exempt from federal income tax.\nAs such, these tax-exempt instruments typically yield lower returns than taxable investments.\nTo provide more meaningful comparisons of net interest margins for all earning assets, we use net interest income on a taxable-equivalent basis in calculating net interest margin by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments.\nThis adjustment is not permitted under accounting principles generally accepted in the United States of America (GAAP) on the Consolidated Income Statement.\nThe taxable-equivalent adjustments to net interest income for the years 2012, 2011, 2010, 2009 and 2008 were $144 million, $104 million, $81 million, $65 million and $36 million, respectively.\nRESIDENTIAL MORTGAGE-BACKED SECURITIES At December 31, 2012, our residential mortgage-backed securities portfolio was comprised of $31.4 billion fair value of US government agency-backed securities and $6.1 billion fair value of non-agency (private issuer) securities.\nThe agency securities are generally collateralized by 1-4 family, conforming, fixed-rate residential mortgages.\nThe non-agency securities are also generally collateralized by 1-4 family residential mortgages.\nThe mortgage loans underlying the non-agency securities are generally non-conforming (i. e. , original balances in excess of the amount qualifying for agency securities) and predominately have interest rates that are fixed for a period of time, after which the rate adjusts to a floating rate based upon a contractual spread that is indexed to a market rate (i. e. , a hybrid ARM), or interest rates that are fixed for the term of the loan.\nSubstantially all of the non-agency securities are senior tranches in the securitization structure and at origination had credit protection in the form of credit enhancement, overcollateralization and/or excess spread accounts.\nDuring 2012, we recorded OTTI credit losses of $99 million on non-agency residential mortgage-backed securities.\nAll of the losses were associated with securities rated below investment grade.\nAs of December 31, 2012, the noncredit portion of impairment recorded in Accumulated other comprehensive income for non-agency residential mortgagebacked securities for which we have recorded an OTTI credit loss totaled $150 million and the related securities had a fair value of $3.7 billion.\nThe fair value of sub-investment grade investment securities for which we have not recorded an OTTI credit loss as of December 31, 2012 totaled $1.9 billion, with unrealized net gains of $114 million.\nCOMMERCIAL MORTGAGE-BACKED SECURITIES The fair value of the non-agency commercial mortgagebacked securities portfolio was $5.9 billion at December 31, 2012 and consisted of fixed-rate, private-issuer securities collateralized by non-residential properties, primarily retail properties, office buildings, and multi-family housing.\nThe agency commercial mortgage-backed securities portfolio was $2.0 billion fair value at December 31, 2012 consisting of multi-family housing.\nSubstantially all of the securities are the most senior tranches in the subordination structure.\nThere were no OTTI credit losses on commercial mortgagebacked securities during 2012.\nASSET-BACKED SECURITIES The fair value of the asset-backed securities portfolio was $6.5 billion at December 31, 2012 and consisted of fixed-rate and floating-rate, private-issuer securities collateralized primarily by various consumer credit products, including residential mortgage loans, credit cards, automobile loans, and student loans.\nSubstantially all of the securities are senior tranches in the securitization structure and have credit protection in the form of credit enhancement, over-collateralization and/or excess spread accounts.\nWe recorded OTTI credit losses of $11 million on assetbacked securities during 2012.\nAll of the securities are collateralized by first lien and second lien residential mortgage loans and are rated below investment grade.\nAs of December 31, 2012, the noncredit portion of impairment recorded in Accumulated other comprehensive income for asset-backed securities for which we have recorded an OTTI credit loss totaled $52 million and the related securities had a fair value of $603 million.\nFor the sub-investment grade investment securities (available for sale and held to maturity) for which we have not recorded an OTTI loss through December 31, 2012, the fair value was $47 million, with unrealized net losses of $3 million.\nThe results of our security-level assessments indicate that we will recover the cost basis of these securities.\nNote 8 Investment Securities in the Notes To Consolidated Financial Statements in Item 8 of this Report provides additional information on OTTI losses and further detail regarding our process for assessing OTTI.\nIf current housing and economic conditions were to worsen, and if market volatility and illiquidity were to worsen, or if market interest rates were to increase appreciably, the valuation of our investment securities portfolio could be adversely affected and we could incur additional OTTI credit losses that would impact our Consolidated Income Statement."}
{"_id": "d88c1f142", "title": "", "text": "| 2009 | Capital Adequacy | Total risk-weighted assets (in millions) | Tier 1 leverage ratio | Tier 1 risk-based capital ratio | Total risk-based capital ratio | Tangible common equity/asset ratio-8 | Tangible equity/asset ratio-9 | Tangible common equity/risk-weighted assets ratio |"}
{"_id": "d87de6f58", "title": "", "text": "| 2007 2006 2005 | Shares | Deferred Compensation Obligations | Balance at beginning of year | Reinvested dividends | Option exercise deferrals | Benefit payments | Balance at end of year | Treasury Stock | Balance at beginning of year | Reinvested dividends | Option exercise deferrals | Benefit payments | Balance at end of year |"}
{"_id": "d8dc064c6", "title": "", "text": "(a) Amounts in table represent recorded investment and exclude loans held for sale.\n(b) Past due loan amounts exclude purchased impaired loans, even if contractually past due (or if we do not expect to receive payment in full based on the original contractual terms), as we are currently accreting interest income over the expected life of the loans.\n(c) Consumer loans accounted for under the fair value option for which we do not expect to collect substantially all principal and interest are subject to nonaccrual accounting and classification upon meeting any of our nonaccrual policies.\nGiven that these loans are not accounted for at amortized cost, these loans have been excluded from the nonperforming loan population.\n(d) Pursuant to alignment with interagency supervisory guidance on practices for loans and lines of credit related to consumer lending in the first quarter of 2013, accruing consumer loans past due 30  59 days decreased $44 million, accruing consumer loans past due 60  89 days decreased $36 million and accruing consumer loans past due 90 days or more decreased $315 million, of which $295 million related to Residential real estate government insured loans.\nAs part of this alignment, these loans were moved into nonaccrual status.\n(e) Past due loan amounts at December 31, 2013 include government insured or guaranteed Residential real estate mortgages totaling $.1 billion for 30 to 59 days past due, $.1 billion for 60 to 89 days past due and $1.0 billion for 90 days or more past due.\nPast due loan amounts at December 31, 2012 include government insured or guaranteed Residential real estate mortgages totaling $.1 billion for 30 to 59 days past due, $.1 billion for 60 to 89 days past due and $1.9 billion for 90 days or more past due.\n(f) Past due loan amounts at December 31, 2013 include government insured or guaranteed Other consumer loans totaling $.2 billion for 30 to 59 days past due, $.1 billion for 60 to 89 days past due and $.3 billion for 90 days or more past due.\nPast due loan amounts at December 31, 2012 include government insured or guaranteed Other consumer loans totaling $.2 billion for 30 to 59 days past due, $.1 billion for 60 to 89 days past due and $.3 billion for 90 days or more past due."}
{"_id": "d8e7cc7b0", "title": "", "text": "| (millions) 2017 2016 2015 | Beginning balance | Bad debt expense | Write-offs | Other (a) | Ending balance |"}
{"_id": "d88a2aa4e", "title": "", "text": "| Reconciliation of Denominator Used For Adjusted Earnings Per Share Years Ended December 31, 2017 Years Ended December 31, 2016 | (in millions, except per share data) | GAAP DILUTED LOSS PER SHARE | Loss from continuing operations attributable to The AES Corporation common stockholders | EFFECT OF DILUTIVE SECURITIES | Restricted stock units | NON-GAAP DILUTED LOSS PER SHARE |"}
{"_id": "d864a8a78", "title": "", "text": "| Net income, as reported $480,121 | Deduct: Total share-based compensation expense determined under fair value based method for stock options, net of related taxeffects | Pro forma net income | Net earnings per common share: | Basic – as reported | Basic – pro forma | Diluted – as reported | Diluted – pro forma |"}
{"_id": "d8e5e573a", "title": "", "text": "| Investment Objective Value inBillions Percentageof TotalAUM | Equity | Growth potential, income potential, value or various combinations thereof | Multi-Asset/Balanced | Asset allocation, balanced, flexible, alternative and income-mixed funds | Fixed Income | Global/international, U.S. tax-free and U.S. taxable | Cash Management | Short-term liquid assets | Total | December 31, 2005 | Less than twelve months | Fair Value of Investments | (Dollars in thousands) | U.S. Treasury securities | U.S. agencies and corporations: | Collateralized mortgage obligations | Mortgage-backed securities | Discount notes and bonds | Asset-backed securities | Commercial mortgage-backed securities | Total temporarily impaired securities |"}
{"_id": "d81559580", "title": "", "text": "| (Thousands of barrels per day) 2008 | Garyville, Louisiana | Catlettsburg, Kentucky | Robinson, Illinois | Detroit, Michigan | Canton, Ohio | Texas City, Texas | St. Paul Park, Minnesota | TOTAL |"}
{"_id": "d8bf90d82", "title": "", "text": "| Year endedDecember 31 | In millions | Gains (losses) on derivativesrecognized in OCI – (effectiveportion) | Less: Gains (losses) reclassified fromaccumulated OCI into income –(effective portion) | Interest income | Noninterest income | Total gains (losses) reclassified fromaccumulated OCI into income –(effective portion) | Net unrealized gains (losses) on cashflow hedge derivatives | December 31, 2017 | Dollars in millions | Geography | California | Florida | Maryland | Texas | Virginia | Pennsylvania | Illinois | New York | Ohio | New Jersey | All other states | Total commercial realestate loans |"}
{"_id": "d8d3a9bde", "title": "", "text": "(1) Our Convertible Notes can first be put to us on December 13, 2013, and we have assumed for purpose of the above table that the remaining portion of the Original Notes will be paid off in fiscal 2014.\nOn November 18, 2010, we exchanged Exchange Notes in an aggregate principal amount of $450.0 million for Original Notes in the aggregate principal amount of $450.0 million.\nThe first put date on the Exchange Notes is December 15, 2016, and we have assumed for purposes of the above table that the Exchange Notes will be paid off in fiscal 2017.\n(2) The financing leases represent two leases for an office building and a manufacturing facility, which were required to be recorded on our balance sheet under US GAAP.\nSee Note 12 to our consolidated financial statements contained in Item 15 of this Annual Report for more information.\n(3) Amounts represent those recorded in accrued expenses and other long-term liabilities on our consolidated balance sheet.\nSee Contingent Earn-Out Payments for a more complete description of our contingent earn-out obligations.\n(4) Purchase obligations primarily relate to inventory purchases, and to a lesser extent, other operating expense commitments.\n(5) Pension obligations do not include our obligation under the DCP of $17.2 million, which is recorded as a current liability.\nThe DCP benefits are generally paid out at retirement or termination of employment.\n(6) This represents a private equity investment commitment with a limited liability partnership.\nThe above table does not reflect our long-term liabilities associated with uncertain tax positions recorded under FIN 48 (codified primarily in ASC 740, Income Taxes) totaling $11.2 million.\nDue to the complexity associated with tax uncertainties, we cannot reasonably make a reliable estimate of the period in which we expect to settle these non-current liabilities.\nSee Note 8 to our consolidated financial statements contained in Item 15 of this Annual Report for more information on our unrecognized tax benefits.\nIn addition, certain of our cost method equity investments give us the option to acquire the company in the future.\nSince it is not possible to estimate when, or even if, we will exercise our option to acquire these companies, we have not included these future potential payments in the table above."}
{"_id": "d8f44f820", "title": "", "text": "| In millions 2014 2013 | January 1 | New nonperforming assets (a) | Charge-offs and valuation adjustments (b) | Principal activity, including paydowns and payoffs | Asset sales and transfers to loans held for sale | Returned to performing status | December 31 |"}
{"_id": "d89309426", "title": "", "text": "| Options (in thousands) Weighted  Average Exercise Price Weighted  Average Remaining  Contractual Term (years) Aggregate Intrinsic Value  (in thousands) | Outstanding at beginning of year | Granted | Exercised | Cancelled | Expired | Outstanding at end of year | Exercisable at end of year | Vested and Unvested expected to vest at end of year |"}
{"_id": "d8ab3a91e", "title": "", "text": "| U.S. Onshore Canada North America | Proved undeveloped reserves as of December 31, 2010 | Extensions and discoveries | Revisions due to prices | Revisions other than price | Conversion to proved developed reserves | Proved undeveloped reserves as of December 31, 2011 |"}
{"_id": "d880209cc", "title": "", "text": "| Asset Derivatives Fair Value December 31 Liability Derivatives Fair Value December 31 | 2014 | (In thousands) | Derivatives designated and qualifying as hedging instruments | Fair value hedges: | Interest rate swap agreements(a) | Commitments to sell real estate loans(a) | 73,979 | Derivatives not designated and qualifying as hedging instruments | Mortgage-related commitments to originate real estate loans for sale(a) | Commitments to sell real estate loans(a) | Trading: | Interest rate contracts(b) | Foreign exchange and other option and futures contracts(b) | 264,876 | Total derivatives |"}
{"_id": "d87cdce5a", "title": "", "text": "| in millions | Visa Inc. common stock | Visa Europe put option | Liability under Framework Agreement | Total purchase consideration |"}
{"_id": "d89e3c686", "title": "", "text": "As of December 31, 2006, we also leased an office and laboratory facility in Connecticut, additional office, distribution and storage facilities in San Diego, and four foreign facilities located in Japan, Singapore, China and the Netherlands under non-cancelable operating leases that expire at various times through July 2011.\nThese leases contain renewal options ranging from one to five years.\nAs of December 31, 2006, our contractual obligations were (in thousands):"}
{"_id": "d88d5e44a", "title": "", "text": "| Loan Type December 31, 2011 Senior Financing December 31, 2011 Amount Outstanding, Net of Discounts December 31, 2010 Amount Outstanding, Net of Discounts Initial Maturity Date | Other Loan-1 | Mortgage/Mezzanine Loan-1 | Mortgage/ Mezzanine Loan-1 | Mezzanine Loan-1 | Mezzanine Loan-1(2)(3)(6)(7) | Mezzanine Loan-1(7)(14) | Junior Participation-1(4)(6)(7) | Mortgage/Mezzanine Loan-1(8)(18) | Junior Participation-1(6) | Junior Participation-6 | Junior Participation-6 | Junior Participation-5(6) | Mortgage/ Mezzanine Loan-2(9) | Junior Participation-11 | Junior Participation | Mezzanine Loan-1(12) | Mezzanine Loan-1(17) | Mortgage-10 | Mortgage-13 | Mezzanine Loan-15 | Mezzanine Loan-1(16) | Mezzanine Loan-1 | Junior Participation-1 | Mezzanine Loan | Mezzanine Loan-1 | Mezzanine Loan-19 | Mezzanine Loan | Mezzanine Loan | Other Loan | Loan loss reserve-6 | $3,856,292 |"}
{"_id": "d873d51fe", "title": "", "text": "ENBREL sales growth for the year ended December 31, 2008 reflects higher demand principally due to increases in average net sales price.\nENBREL sales were also favorably impacted by approximately $100 million due to a change in our distribution model for ENBREL.\nPreviously, ENBREL was shipped directly to pharmacies.\nHowever, beginning in the three months ended March 31, 2008, we commenced using a wholesaler distributor model, similar to our other marketed products.\nAlso, ENBREL sales growth for the year ended December 31, 2008 was affected by share declines in the rheumatology and dermatology segments in the United States compared to the prior year due to increased competitive activity.\nHowever, sales growth continued in both rheumatology and dermatology, and ENBREL continues to maintain a leading position in both segments.\nENBREL sales growth for the year ended December 31, 2007 was driven by demand due to increases in both patients and average net sales price.\nWhile ENBREL continued to maintain a leading position in both rheumatology and dermatology, the sales growth during the year ended December 31, 2007 was affected by slight share declines in the United States in both segments compared to the prior year due to increased competitive activity."}
{"_id": "d87851d54", "title": "", "text": "| Year Ended December 31 | ($ in millions) | Cost of product sales | % of product sales | Cost of service revenues | % of service revenues | General and administrative expenses | % of total sales and service revenues | Goodwill impairment | Cost of sales and service revenues |"}
{"_id": "d88c4afd6", "title": "", "text": "| (In millions) 2018 2017 2016 | Operating activities | Investing activities | Financing activities |"}
{"_id": "d8d45cf9a", "title": "", "text": "| Years ended December 31, Federal State | 2004 to 2008 | 2009 to 2013 | 2014 to 2018 | 2019 to 2023 | Total |"}
{"_id": "d88d5e288", "title": "", "text": "$3.5 billion.\nWe believe that this is primarily due to a lack of financing for purchasers.\nHowever, we have been able to access capital for refinancing purposes which we believe primarily results from the asset quality of our portfolio and our ability to create and preserve asset value.\nLeasing activity for Manhattan, a borough of New York City, totaled approximately 16.3 million square feet compared to approximately 19.1 million square feet in 2008.\nOf the total 2009 leasing activity in Manhattan, the Midtown submarket accounted for approximately 11.3 million square feet, or 69.1%.\nMidtowns overall vacancy increased from 8.5% at December 31, 2008 to 12.0% at December 31, 2009, after reaching as high as 13.4% in October 2009.\nOverall asking rents for direct space in Midtown decreased from $72.08 at year-end 2008 to $57.32 at year-end 2009, a decrease of 20.5%.\nThe decrease in rents has been driven by increased vacancy resulting from the financial crisis.\nManagement believes that rental rates will begin to moderate and concession packages will decline during 2010 as vacancy shrinks.\nDuring 2009, minimal new office space was added to the Midtown office inventory.\nIn a supply-constrained market, there is only 2.0 million square feet under construction in Midtown as of year-end and which becomes available in the next two years, only 7.3% of which is pre-leased.\nWe saw significant fluctuations in short-term interest rates, although they still remain low compared to historical levels.\nThe 30-day LIBOR rate ended 2009 at 0.23%, a 21 basis point decrease from the end of 2008.\nTen-year US Treasuries ended 2009 at 3.83%, a 162 basis point increase from the end of 2008.\nOur activities for 2009 included: ?\nAcquired two sub-leasehold positions at 420 Lexington Avenue for approximately $15.9 million; ?\nSold two properties for an aggregate gross sales price of approximately $135.7 million generating losses to us of approximately $7.1 million; ?\nSigned 217 office leases totaling 2.1 million square feet during 2009 while increasing the cash rents paid by new tenants on previously occupied space by 14.8% and decreasing cash rents by 2.4% over the most recent cash rent paid by the previous tenants for the same space for the Manhattan and Suburban properties, respectively; ?\nSold 19,550,000 shares of our common stock, generating net proceeds of approximately $387.1 million; ?\nRepurchased approximately $564.6 million of our exchangeable and non-exchangeable notes and a portion of our 2007 unsecured revolving credit facility, realizing gains on early extinguishment of debt of approximately $86.0 million; ?\nOriginated or acquired approximately $184.3 million of new structured finance investments, net of redemptions and recorded approximately $146.5 million in loan loss reserves and charge offs; and ?\nClosed on approximately $1.0 billion of mortgage financings.\nAs of December 31, 2009, we owned the following interests in commercial office properties in the New York Metro area, primarily in midtown Manhattan, a borough of New York City, or Manhattan.\nOur investments in the New York Metro area also include investments in Brooklyn, Queens, Long Island, Westchester County, Connecticut and New Jersey, which are collectively known as the Suburban assets:"}
{"_id": "d8e251934", "title": "", "text": "| Q1 Q2 Q3 Q4 Full Year | 2018 | Reported supplemental revenues | Reported contingent revenues | Reported supplemental and contingent revenues | 2017 | Reported supplemental revenues | Reported contingent revenues | Reported supplemental and contingent revenues | 2016 | Reported supplemental revenues | Reported contingent revenues | Reported supplemental and contingent revenues | 2018 | Compensation expense, as reported | Acquisition integration | Workforce related charges | Acquisition related adjustments | Levelized foreign currency translation | Compensation expense, as adjusted | Reported compensation expense ratios | Adjusted compensation expense ratios | Reported revenues | Adjusted revenues - see page 28 |"}
{"_id": "d8a30208a", "title": "", "text": "| Shares Weighted-Average Exercise Price (per share) Weighted-Average Remaining Life (years) Aggregate Intrinsic Value | Options outstanding at January 1, 2014 | Granted | Forfeited or expired | Exercised | Options outstanding at December 31, 2014 | Exercisable at December 31, 2014 | 2014 | Intrinsic value | Exercise proceeds | Income tax benefit |"}
{"_id": "d8aacbae6", "title": "", "text": "The increase in sales and marketing expense in fiscal 2005 compared to fiscal 2004 was primarily due to: (1) an increase of $27.8 million in variable compensation driven by shipments, higher commission rates applied to shipments beginning in fiscal 2005 and increased business performance-related compensation; (2) an increase of $4.6 million in sales and marketing personnel and related costs due to increased headcount and acquisitions during the fiscal year; and (3) an increase of $4.6 million in severance-related costs associated with a workforce reduction executed during the third and fourth quarters of fiscal 2005.\nThese increases were partially offset by decreases of: (1) $4.2 million as a result of a reduction in expenses for sales conferences and related meetings; (2) $1.6 million in human resources, information technology and facilities corporate allocated costs allocated to this line item compared to fiscal 2004 as a result of decreased headcount; (3) $1.2 million related to reduced depreciation to this line item; and (4) $1.0 million related to reduced travel expenses."}
{"_id": "d87f5cb44", "title": "", "text": "| Years ended December 31, 2009 2008 2007 | Commercial Airplanes | Boeing Defense, Space & Security | Boeing Capital Corporation | Other segment | Unallocated items and eliminations | Total |"}
{"_id": "d8f1c9736", "title": "", "text": "only those CPU and AMD APU products that are commonly referred to as \n“processors in a box” and for certain server CPU products.\nThe Company also offered extended limited warranties to certain customers of \n“tray” microprocessor products and/or professional graphics products who have written agreements with the Company and target their computer systems at the commercial and/or embedded markets.\nChanges in the Company’s estimated liability for product warranty during the years ended December 26, 2015 and December 27, 2014 are as follows:"}
{"_id": "d8c7a8e52", "title": "", "text": "| Year ended December 31, | 2018 | (in millions) | Operating results-1: | Revenues | Expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments | Equity in earnings of operating joint ventures and earnings attributable to noncontrolling interests | Income (loss) before income taxes and equity in earnings of operating joint ventures | Year ended December 31, | 2018 | (in millions) | U.S. GAAP results: | Revenues | Benefits and expenses | Income (loss) before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d875b8dea", "title": "", "text": "| Ratings profile of VIE assets of the multi-seller conduits(a) Commercial paper funded Wt. avg. expected | December 31, 2007 | (in billions) | Asset types: | Credit card | Vehicle loans and leases | Trade receivables | Student loans | Commercial | Residential mortgage | Capital commitments | Rental car finance | Equipment loans and leases | Floorplan– vehicle | Floorplan– other | Consumer | Other | Total |"}
{"_id": "d88ec55a4", "title": "", "text": "| December 31, 2018 2017 | (in thousands) | Deferred tax assets: | Termite accrual | Insurance and contingencies | Unearned revenues | Compensation and benefits | State and foreign operating loss carryforwards | Bad debt reserve | Foreign tax credit | Other | Valuation allowance | Total deferred tax assets | Deferred tax liabilities: | Depreciation and amortization | NetPension liability | Intangibles and other | Total deferred tax liabilities | Net deferred tax assets |"}
{"_id": "d8bb3cbb4", "title": "", "text": "| Period Total Number of Shares Purchased -1 Average Price Paid per Share Total Number of Shares Purchased as Part of Publicly AnnouncedPlans or Programs -1-2 Dollar Value of Shares that May Yet Be Purchased Under the Plans orPrograms -1 | October 2013 | November 2013 | December 2013 | Total |"}
{"_id": "d8b20f7da", "title": "", "text": "| For the Year Ended December 31, | 2011 | (In millions) | Net cash provided by (used for): | Operating activities | Investing activities | Financing activities | Net increase (decrease) in cash |"}
{"_id": "d8f3fd5c0", "title": "", "text": "| Sales Costs   Applicable to   Sales Amortization Advanced   Projects and   Exploration Pre-Tax Income Total   Assets-1 Capital   Expenditures-1 | Year Ended December 31, 2009 | Nevada | La Herradura | Hope Bay | Other North America | North America | Yanacocha | Other South America | South America | Boddington: | Gold | Copper | Total Boddington | Other Australia/New Zealand | Batu Hijau: | Gold | Copper | Total Batu Hijau | Other Asia Pacific | Asia Pacific | Africa | Corporate and Other | Consolidated |"}
{"_id": "d87ea4a4e", "title": "", "text": "| 2009 2008 2007 | Diluted earnings (loss) per share | PSCo | NSP-Minnesota | NSP-Wisconsin | SPS | Equity earnings of unconsolidated subsidiaries | Regulated utility — continuing operations | Holding company and other costs | Ongoing diluted earnings per share | PSRI | Earnings per share — continuing operations | Loss per share — discontinued operations | GAAP diluted earnings per share |"}
{"_id": "d8e56c2b8", "title": "", "text": "| Years Ended December 31, | 2011 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | General and administrative expense | Total expenses | Operating earnings | As of December 31 | Equity, as previously reported | Increase for reclassification of non-controlling interests | Equity, as adjusted |"}
{"_id": "d8619f750", "title": "", "text": "Net revenues include $3.8 billion in 2017 and $739 million in 2016 related to the sale of RRPs, mainly driven by Japan.\nThese net revenue amounts include excise taxes billed to customers.\nExcluding excise taxes, net revenues for RRPs were $3.6 billion in 2017 and $733 million in 2016.\nIn some jurisdictions, including Japan, we are not responsible for collecting excise taxes.\nIn 2017, approximately $0.9 billion of our $3.6 billion in RRP net revenues, excluding excise taxes, were from IQOS devices and accessories.\nExcise taxes on products increased by $1.1 billion, due to:?\nhigher excise taxes resulting from changes in retail prices and tax rates ($4.6 billion), partially offset by?\nfavorable currency ($1.9 billion) and ?\nlower excise taxes resulting from volume/mix ($1.6 billion)."}
{"_id": "d884a1528", "title": "", "text": "Legacy Portfolios The Legacy Portfolios (both owned and serviced) include those loans originated prior to January 1, 2011 that would not have been originated under our established underwriting standards in place as of December 31, 2010.\nThe purchased credit-impaired (PCI) loan portfolio, as well as certain loans that met a pre-defined delinquency status or probability of default threshold as of January 1, 2011, are also included in the Legacy Portfolios.\nSince determining the pool of loans to be included in the Legacy Portfolios as of January 1, 2011, the criteria have not changed for these portfolios, but will continue to be evaluated over time.\nLegacy Owned Portfolio The Legacy Owned Portfolio includes those loans that met the criteria as described above and are on the balance sheet of the Corporation.\nHome equity loans in this portfolio are held on the balance sheet of LAS, and residential mortgage loans in this portfolio are included as part of All Other.\nThe financial results of the on-balance sheet loans are reported in the segment that owns the loans or in All Other.\nTotal loans in the Legacy Owned Portfolio decreased $18.3 billion in 2015 to $71.6 billion at December 31, 2015, of which $26.5 billion was held on the LAS balance sheet and the remainder was included in All Other.\nThe decrease was largely due to payoffs and paydowns, as well as loan sales.\nLegacy Serviced Portfolio The Legacy Serviced Portfolio includes loans serviced by LAS in both the Legacy Owned Portfolio and those loans serviced for outside investors that met the criteria as described above.\nThe table below summarizes the balances of the residential mortgage loans included in the Legacy Serviced Portfolio (the Legacy Residential Mortgage Serviced Portfolio) representing 24 percent, 24 percent and 28 percent of the total residential mortgage serviced portfolio of $491 billion, $609 billion and $719 billion, as measured by unpaid principal balance, at December 31, 2015, 2014 and 2013, respectively.\nThe decline in the Legacy Residential Mortgage Serviced Portfolio was due to paydowns and payoffs, and MSR and loan sales."}
{"_id": "d87dc6744", "title": "", "text": "State and Local Rate Regulation and Fuel-Cost Recovery Retail Rates 2015 Base Rate Filing In April 2015, Entergy Arkansas filed with the APSC for a general change in rates, charges, and tariffs.\nThe filing notified the APSC of Entergy Arkansas’s intent to implement a forward test year formula rate plan pursuant to Arkansas legislation passed in 2015, and requested a retail rate increase of $268.4 million, with a net increase in revenue of $167 million.\nThe filing requested a 10.2% return on common equity.\nIn September 2015 the APSC staff and intervenors filed direct testimony, with the APSC staff recommending a revenue requirement of $217.9 million and a 9.65% return on common equity.\nIn December 2015, Entergy Arkansas, the APSC staff, and certain of the intervenors in the rate case filed with the APSC a joint motion for approval of a settlement of the case that proposed a retail rate increase of approximately $225 million with a net increase in revenue of approximately $133 million; an authorized return on common equity of 9.75%; and a formula rate plan tariff that provides a +/- 50 basis point band around the 9.75% allowed return on common equity.\nA significant portion of the rate increase is related to Entergy Arkansas’s acquisition in March 2016 of Union Power Station Power Block 2 for a base purchase price of $237 million.\nThe settlement agreement also provided for amortization over a 10-year period of $7.7 million of previously-incurred costs related to ANO post-Fukushima compliance and $9.9 million of previously-incurred costs related to ANO flood barrier compliance.\nA settlement hearing was held in January 2016.\nIn February 2016 the APSC approved the settlement with one exception that reduced the retail rate increase proposed in the settlement by $5 million.\nThe settling parties agreed to the APSC modifications in February 2016.\nThe new rates were effective February 24, 2016 and began billing with the first billing cycle of April 2016.\nIn March 2016, Entergy Arkansas made a compliance filing regarding the"}
{"_id": "d8926162c", "title": "", "text": "| (In millions) U.S. Canada E.G. OtherAfrica Other Int'l Total | Year Ended December 31, 2015 | Future cash inflows | Future production and support costs | Future development costs | Future income tax expenses | Future net cash flows | 10% annual discount for timing of cash flows | -related to continuing operations | -related to discontinued operations | Year Ended December 31, 2014 | Future cash inflows | Future production and support costs | Future development costs | Future income tax expenses | Future net cash flows | 10% annual discount for timing of cash flows | -related to continuing operations | -related to discontinued operations | Year Ended December 31, 2013 | Future cash inflows | Future production and support costs | Future development costs | Future income tax expenses | Future net cash flows | 10% annual discount for timing of cash flows | -related to continuing operations | -related to discontinued operations |"}
{"_id": "d8a730530", "title": "", "text": "| Principal Properties Owned: Primary Use Floor Space | Newark, DE (a) | Warstein, Germany | Londonderry, NH | San Diego, CA | San Diego, CA (b) |"}
{"_id": "d8b93b2ca", "title": "", "text": "| Year Ended December 31, 2009 | Other  Assets | (in millions) | Fair Value, beginning of period | Total gains or (losses) (realized/unrealized): | Included in earnings: | Realized investment gains (losses), net | Asset management fees and other income | Interest credited to policyholders’ account balances | Included in other comprehensive income (loss) | Net investment income | Purchases, sales, issuances and settlements | Foreign currency translation | Other-1 | Transfers into Level 3-2 | Transfers out of Level 3-2 | Fair Value, end of period | Unrealized gains (losses) for the period relating to those Level 3 assets and liabilities that were still held at the end of theperiod(3): | Included in earnings: | Realized investment gains (losses), net | Asset management fees and other income | Interest credited to policyholders’ account balances | Included in other comprehensive income (loss) |"}
{"_id": "d89c03720", "title": "", "text": "| Years Ended December 31, | (Dollars in thousands) | Interest expense incurred |"}
{"_id": "d8f70d54e", "title": "", "text": "| 2011 2010  Fourth | Fourth | Commercial Relationships | Product Penetration by Number of Services | 1 Service | 2-3 Services | 4+ Services | Total revenue(in millions) |"}
{"_id": "d824fceec", "title": "", "text": "| Land improvements 20 | Buildings | Furniture, fixtures and equipment |"}
{"_id": "d8ab28c8c", "title": "", "text": "| December 31, 2017 | AmortizedCost | (in millions) | Fixed maturities, held-to-maturity: | Foreign government bonds | Foreign corporate public securities | Foreign corporate private securities-5 | Residential mortgage-backed securities-3 | Total fixed maturities, held-to-maturity-5 |"}
{"_id": "d8959cba2", "title": "", "text": "| Performance Share Units Restricted Shares | Shares | Nonvested at January 1, 2007 | Granted(a) | Dividends | Forfeitures | Vested(b) | Nonvested at December 31, 2007 |"}
{"_id": "d8b8659b8", "title": "", "text": "Includes Venezuela and Colombia."}
{"_id": "d8a951e18", "title": "", "text": "| In millions 2013 2012 2011 | January 1 | Additions: | From loans sold with servicing retained | RBC Bank (USA) acquisition | Purchases | Sales | Changes in fair value due to: | Time and payoffs (a) | Other (b) | December 31 | Unpaid principal balance of loans serviced for others at December 31 |"}
{"_id": "d887d2b66", "title": "", "text": "| Assumptions Percentage  Change October 31, 2012  Increase  (Decrease)  PBO/APBO* 2013  Increase  (Decrease)  Expense | Pension | Discount rate** | Expected return on assets | OPEB | Discount rate** | Expected return on assets | Health care cost trend rate** |"}
{"_id": "d87451812", "title": "", "text": "| 2008 | 1st Quarter | Net sales | Gross profit | Operating profit | Net earnings | Earnings per share: | Basic | Diluted | 2007 | 1st Quarter | Net sales | Gross profit | Operating profit | Earnings from continuing operations | Net earnings | Earnings per share from continuing operations: | Basic | Diluted | Earnings per share: | Basic | Diluted |"}
{"_id": "d8843b124", "title": "", "text": "| Estimated Sensitivity ofEconomic Value of Equity | (Dollars in millions) | Rate change: | +200 bps shock | –200 bps shock |"}
{"_id": "d8c029820", "title": "", "text": "| For awards granted during the year ended December 31, 2008 | Expected volatility | Expected term (years) | Risk free interest rates | Dividend yield |"}
{"_id": "d89663d92", "title": "", "text": "| (In millions) 2004 2003 | E&P | Domestic | International | Total E&P | RM&T | IG | Corporate | Total |"}
{"_id": "d86f5c8e8", "title": "", "text": "| Year Ended December 31, | 2015 | (In thousands) | Interest expense |"}
{"_id": "d8dae16c2", "title": "", "text": "U. S.  CONTAINERBOARD net sales for 2006 were $955 million, compared with $895 million in 2005 and $950 million for 2004.\nAverage sales price realizations in the first quarter of 2006 began the year below first-quarter 2005 levels, but improved significantly during the second quarter and were higher than in 2005 for the remainder of the year.\nSales volumes were higher throughout 2006.\nOperating profits in 2006 were more than double 2005 levels, and 68% higher than in 2004.\nThe favorable impacts of the higher average sales price realizations, higher sales volumes, reduced lack-of-order downtime and strong mill performance were only partially offset by higher input costs for freight, chemicals and energy.\nU. S.  CONVERTING OPERATIONS net sales totaled $2.8 billion in 2006, $2.6 billion in 2005 and $2.3 billion in 2004.\nSales volumes throughout the year in 2006 were above 2005 levels, reflecting solid market demand for boxes and packaging solutions.\nIn the first two quarters of 2006, margins were favorable compared with the prior year as average sales prices outpaced containerboard cost increases, but average margins began to decline in the third quarter as containerboard increases outpaced the increase in box prices.\nOperating profits in 2006 decreased 72% from 2005 and 86% from 2004 levels, primarily due to higher distribution, utility and raw material costs, and inventory adjustment charges.\nEUROPEAN CONTAINER net sales for 2006 were $1.0 billion, compared with $883 million in 2005 and $865 million in 2004.\nThe increase was principally due to contributions from the Moroccan box plants acquired in the fourth quarter of 2005, although sales volumes for the rest of the business were also slightly higher.\nOperating profits in 2006 were up 31% compared with 2005 and 6% compared with 2004.\nThis increase included a $13 million gain on the sale of property in Spain as well as the increased contributions from the Moroccan acquisition, partially offset by higher energy costs.\nIN T E RNA T IONA L PA P E R D I S T R I BU T ION L IMITED, our Asian box and containerboard business, had net sales for 2006 of $182 million.\nIn 2005, net sales were $104 million subsequent to International Papers acquisition of a majority interest in August 2005.\nThis business generated a small operating profit in 2006, compared with a small loss in 2005.\nAdditionally during the fourth quarter, a $38 million pre-tax credit ($23 million after taxes) was recorded for refunds received from the Canadian government of duties paid by the Companys former Weldwood of Canada Limited business, and a pre-tax charge of $1 million ($1 million after taxes) was recorded for smaller adjustments of prior discontinued operation estimates.\nDuring the third quarter of 2006, management determined there was a current expectation that, more likely than not, the Beverage Packaging and Wood Products businesses would be sold.\nBased on the resulting impairment testing, pre-tax impairment charges of $115 million ($82 million after taxes) and $165 million ($165 million after taxes) were recorded to reduce the carrying values of the net assets of the Beverage Packaging and Wood Products businesses, respectively, to their estimated fair values.\nAlso during the 2006 third quarter, International Paper completed the sale of its interests in a Beverage Packaging operation in Japan for a pre-tax gain of $12 million ($3 million after taxes), and the sale of its Brazilian Coated Papers business to Stora Enso Oyj for approximately $420 million, subject to certain post-closing adjustments.\nThis business included a coated paper mill and lumber mill in Aropoti, Parana State, Brazil, as well as 50,000 hectares (approximately 124,000 acres) of forestlands in Parana.\nAs the Company determined that the accounting requirements under SFAS No.144 for reporting this business as a discontinued operation were met, the resulting $100 million pre-tax gain ($79 million after taxes) was recorded as a gain on sale of a discontinued operation.\nRevenues, earnings and earnings per share related to the Brazilian Coated Papers business for 2006, 2005 and 2004 were as follows:"}
{"_id": "d8792ec90", "title": "", "text": "| Year ended December 31, Operating earnings Return on common equity - goodwill(c) | (in millions, except ratios) | Investment Bank | Retail Financial Services | Card Services | Commercial Banking | Treasury & Securities Services | Asset & Wealth Management | Corporate | Total |"}
{"_id": "d8f6a8856", "title": "", "text": "| Net Exploratory Wells Net Development Wells | Productive | Year Ended December 31, 2010 | United States | Equatorial Guinea | Israel-1 | North Sea | China | Total | Year Ended December 31, 2009 | United States-1 | Equatorial Guinea-1 | Israel-1 | North Sea | China | Total | Year Ended December 31, 2008 | United States-1 | Equatorial Guinea-1 | North Sea | Suriname | Total |"}
{"_id": "d8d637fb8", "title": "", "text": "On October 5, 2006, the Company announced a cash dividend of $0.12 per share on the Companys common stock, payable on January 4, 2007 to stockholders of record as of December 7, 2006, which will be reflected in the consolidated financial statements in the first quarter of fiscal 2007.\nNote 8.\nEmployee Stock Benefit Plans Employee Savings and Retirement Plan The Company has a 401(k) plan that allows eligible employees to contribute up to 50% of their eligible compensation, subject to annual limits.\nThe Company matches a portion of the employee contributions and may, at its discretion, make additional contributions based upon earnings.\nThe Companys contribution expense for fiscal 2006, 2005 and 2004 was $33 million, $27 million and $21 million, respectively.\nEquity Compensation Plans The Board of Directors may grant options to selected employees, directors and consultants to the Company to purchase shares of the Companys common stock at a price not less than the fair market value of the stock at the date of grant.\nThe 2006 Long-Term Incentive Plan (the 2006 Plan) was adopted during the second quarter of fiscal 2006 and replaced the 2001 Stock Option Plan and the 2001 Non-Employee Director Stock Option Plan and their predecessor plans (the Prior Plans).\nThe 2006 Plan provides for the grant of incentive and nonstatutory stock options as well as stock appreciation rights, restricted stock, restricted stock units, performance units and shares and other stock-based awards and will be the source of shares issued under the Executive Retirement Matching Contribution Plan (ERMCP).\nThe share reserve under the 2006 Plan is equal to the shares available for future grant under the combined plans on the date the 2006 Plan was approved by the Companys stockholders, plus an additional 65,000,000 shares for a total of approximately 280,192,000 shares reserved.\nThis share amount is automatically increased by the amount equal to the number of shares subject to any outstanding option under a Prior Plan that is terminated or cancelled (but not an option under a Prior Plan that expires) following the date that the 2006 Plan was approved by stockholders.\nShares that are subject to an award under the ERMCP and are returned to the Company because they fail to vest will again become available for grant under the 2006 Plan.\nThe Board of Directors of the Company may amend or terminate the 2006 Plan at any time.\nGenerally, options outstanding vest over periods not exceeding five years and are exercisable for up to ten years from the grant date.\nDuring fiscal 2006, the Company assumed a total of approximately 3,530,000 outstanding stock options under the Flarion Technologies, Inc.  2000 Stock Option and Restricted Stock Purchase Plan, the Berkana Wireless Inc.  2002 Stock Plan and 2002 Executive Stock Plan and under the Qualphone Inc.  2004 Equity Incentive Plan (the Assumed Plans), as amended, as a result of the acquisitions (Note 11).\nThe Assumed Plans were suspended on the dates of acquisition, and no additional shares may be granted under those plans.\nThe Assumed Plans provided for the grant of both incentive stock options and non-qualified stock options.\nGenerally, options outstanding vest over periods not exceeding four years and are exercisable for up to ten years from the grant date."}
{"_id": "d86444618", "title": "", "text": "ITEM 7A QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK We are exposed to market risk stemming from changes in interest rates, foreign exchange rates, commodity prices and equity prices.\nChanges in these factors could cause fluctuations in our earnings and cash flows.\nIn the normal course of business, we actively manage our exposure to these market risks by entering into various hedging transactions, authorized under our policies that place clear controls on these activities.\nThe counterparties in these transactions are generally highly rated institutions.\nWe establish credit limits for each counterparty.\nOur hedging transactions include but are not limited to a variety of derivative financial instruments.\nInterest Rates We manage our debt structure and our interest rate risk through the use of fixed- and floating-rate debt and derivatives.\nWe use interest rate swaps and forward-starting interest rate swaps to hedge our exposure to interest rate changes and to reduce volatility of our financing costs.\nGenerally under these swaps, we agree with a counterparty to exchange the difference between fixedrate and floating-rate interest amounts based on an agreed notional principal amount.\nOur primary exposure is to U. S.  interest rates.\nAs of May 28, 2006, we had $7.0 billion of aggregate notional principal amount (the principal amount on which the fixed or floating interest rate is calculated) outstanding.\nThis includes notional amounts of offsetting swaps that neutralize our exposure to interest rates on other interest rate swaps.\nSee Note Six to the Consolidated Financial Statements on pages 40 through 42 in Item Eight of this report.\nForeign Currency Rates Foreign currency fluctuations can affect our net investments and earnings denominated in foreign currencies.\nWe primarily use foreign currency forward contracts and option contracts to selectively hedge our cash flow exposure to changes in exchange rates.\nThese contracts function as hedges, since they change in value inversely to the change created in the underlying exposure as foreign exchange rates fluctuate.\nOur primary U. S.  dollar exchange rate exposures are with the Canadian dollar, the euro, the Australian dollar, the Mexican peso and the British pound.\nCommodities Many commodities we use in the production and distribution of our products are exposed to market price risks.\nWe manage this market risk through an integrated set of financial instruments, including purchase orders, noncancelable contracts, futures contracts, options and swaps.\nOur primary commodity price exposures are to cereal grains, sugar, dairy products, vegetables, fruits, meats, vegetable oils, and other agricultural products, as well as paper and plastic packaging materials, operating supplies and energy.\nEquity Instruments Equity price movements affect our compensation expense as certain investments owned by our employees are revalued.\nWe use equity swaps to manage this market risk.\nValue at Risk These estimates are intended to measure the maximum potential fair value we could lose in one day from adverse changes in market interest rates, foreign exchange rates, commodity prices, or equity prices under normal market conditions.\nA Monte Carlo (VAR) methodology was used to quantify the market risk for our exposures.\nThe models assumed normal market conditions and used a 95 percent confidence level.\nThe VAR calculation used historical interest rates, foreign exchange rates and commodity and equity prices from the past year to estimate the potential volatility and correlation of these rates in the future.\nThe market data were drawn from the RiskMetricsTM data set.\nThe calculations are not intended to represent actual losses in fair value that we expect to incur.\nFurther, since the hedging instrument (the derivative) inversely correlates with the underlying exposure, we would expect that any loss or gain in the fair value of our derivatives would be generally offset by an increase or decrease in the fair value of the underlying exposures.\nThe positions included in the calculations were: debt; investments; interest rate swaps; foreign exchange forwards; commodity swaps, futures and options; and equity instruments.\nThe calculations do not include the underlying foreign exchange and commodities-related positions that are hedged by these market-risk-sensitive instruments."}
{"_id": "d8c3ab25a", "title": "", "text": "those in the United States, and initial voice networks continue to be deployed in underdeveloped areas.\nA majority of consumers in these markets still utilize basic wireless services, predominantly on feature phones, while advanced device penetration remains low.\nIn more developed urban locations within these markets, early-stage data network deployments are underway.\nCarriers are focused on completing voice network build-outs while also investing in initial data networks as wireless data usage and smartphone penetration within their customer bases begin to accelerate.\nIn markets with rapidly evolving network technology, such as South Africa and most of the countries in Latin America where we do business, initial voice networks, for the most part, have already been built out, and carriers are focused on 3G and 4G network build outs.\nConsumers in these regions are increasingly adopting smartphones and other advanced devices, and, as a result, the usage of bandwidth-intensive mobile applications is growing materially.\nRecent spectrum auctions in these rapidly evolving markets have allowed incumbent carriers to accelerate their data network deployments and have also enabled new entrants to begin initial investments in data networks.\nSmartphone penetration and wireless data usage in these markets are growing rapidly, which typically requires that carriers continue to invest in their networks in order to maintain and augment their quality of service.\nFinally, in markets with more mature network technology, such as Germany and France, carriers are focused on deploying 4G data networks to account for rapidly increasing wireless data usage among their customer base.\nWith higher smartphone and advanced device penetration and significantly higher per capita data usage, carrier investment in networks is focused on 4G coverage and capacity.\nWe believe that the network technology migration we have seen in the United States, which has led to significantly denser networks and meaningful new business commencements for us over a number of years, will ultimately be replicated in our less advanced international markets.\nAs a result, we expect to be able to leverage our extensive international portfolio of approximately 104,470 communications sites and the relationships we have built with our carrier customers to drive sustainable, long-term growth.\nWe have master lease agreements with certain of our tenants that provide for consistent, long-term revenue and reduce the likelihood of churn.\nOur master lease agreements build and augment strong strategic partnerships with our tenants and have significantly reduced colocation cycle times, thereby providing our tenants with the ability to rapidly and efficiently deploy equipment on our sites.\nProperty Operations New Site Revenue Growth.\nDuring the year ended December 31, 2016, we grew our portfolio of communications real estate through the acquisition and construction of approximately 45,310 sites.\nIn a majority of our Asia, EMEA and Latin America markets, the revenue generated from newly acquired or constructed sites resulted in increases in both tenant and pass-through revenues (such as ground rent or power and fuel costs) and expenses.\nWe continue to evaluate opportunities to acquire communications real estate portfolios, both domestically and internationally, to determine whether they meet our risk-adjusted hurdle rates and whether we believe we can effectively integrate them into our existing portfolio."}
{"_id": "d8f536cd4", "title": "", "text": "| Year Ended December 31, | 2014 | % of | $Revenues | ($ in thousands) | Expenses | Employee compensation and benefits | Depreciation and amortization | Technology and communications | Professional and consulting fees | Occupancy | Marketing and advertising | General and administrative | Total expenses |"}
{"_id": "d879a9c74", "title": "", "text": "| 2011 2010 2009 | Beginning balance | Foreign currency translation adjustments | Income tax effect relating to translation adjustments forundistributed foreign earnings | Ending balance |"}
{"_id": "d8873b054", "title": "", "text": "products and software, as well as ongoing investment in next-generation technologies, partially offset by savings from cost-reduction initiatives.\nReorganization of business charges increased due to employee severance costs and expenses related to the exit of a facility.\nSG&A expenses decreased, primarily due to lower marketing expenses and savings from cost-reduction initiatives, partially offset by increased expenditures on information technology upgrades.\nAs a percentage of net sales in 2007 as compared to 2006, gross margin and operating margin decreased, and SG&A expenses and R&D expenditures increased.\nThe segment’s backlog was $647 million at December 31, 2007, compared to $1.4 billion at December 31, 2006.\nThis decrease in backlog was primarily due to a decline in customer demand driven by the segment’s limited product portfolio.\nThe segment shipped 159.1 million units in 2007, a 27% decrease compared to shipments of 217.4 million units in 2006.\nThe overall decrease reflects decreased unit shipments of products for all technologies.\nFor the full year 2007, unit shipments: (i) decreased substantially in Asia and EMEA, (ii) decreased in North America, and (iii) increased in Latin America.\nAlthough unit shipments by the segment decreased in 2007, total unit shipments in the worldwide handset market increased by approximately 16%.\nThe segment estimates its worldwide market share was approximately 14% for the full year 2007, a decrease of approximately 8 percentage points versus full year 2006.\nIn 2007, ASP decreased approximately 9% compared to 2006.\nThe overall decrease in ASP was driven primarily by changes in the product-tier and geographic mix of sales.\nBy comparison, ASP decreased approximately 11% in 2006 and 10% in 2005.\nThe segment has several large customers located throughout the world.\nIn 2007, aggregate net sales to the segment’s five largest customers accounted for approximately 42% of the segment’s net sales.\nBesides selling directly to carriers and operators, the segment also sells products through a variety of third-party distributors and retailers, which account for approximately 33% of the segment’s net sales.\nThe largest of these distributors was Brightstar Corporation.\nAlthough the U. S.  market continued to be the segment’s largest individual market, many of our customers, and more than 54% of our segment’s 2007 net sales, were outside the U. S.  The largest of these international markets were Brazil, China and Mexico.\nHome and Networks Mobility Segment The Home and Networks Mobility segment designs, manufactures, sells, installs and services: (i) digital video, Internet Protocol video and broadcast network interactive set-tops, end-to-end video delivery systems, broadband access infrastructure platforms, and associated data and voice customer premise equipment to cable television and telecom service providers (collectively, referred to as the “home business”), and (ii) wireless access systems, including cellular infrastructure systems and wireless broadband systems, to wireless service providers (collectively, referred to as the “network business”).\nIn 2008, the segment’s net sales represented 33% of the Company’s consolidated net sales, compared to 27% in 2007 and 21% in 2006."}
{"_id": "d8bbf2de2", "title": "", "text": "REPUBLIC SERVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED 2006 Plan prior to December 5, 2008 became fully vested and nonforfeitable upon the closing of the acquisition.\nAwards may be granted under the 2006 Plan, as amended and restated, after December 5, 2008 only to employees and consultants of Allied Waste Industries, Inc.  and its subsidiaries who were not employed by Republic Services, Inc.  prior to such date.\nAt December 31, 2010, there were approximately 15.3 million shares of common stock reserved for future grants under the 2006 Plan.\nStock Options We use a binomial option-pricing model to value our stock option grants.\nWe recognize compensation expense on a straight-line basis over the requisite service period for each separately vesting portion of the award, or to the employees retirement eligible date, if earlier.\nExpected volatility is based on the weighted average of the most recent one-year volatility and a historical rolling average volatility of our stock over the expected life of the option.\nThe risk-free interest rate is based on Federal Reserve rates in effect for bonds with maturity dates equal to the expected term of the option.\nWe use historical data to estimate future option exercises, forfeitures and expected life of the options.\nWhen appropriate, separate groups of employees that have similar historical exercise behavior are considered separately for valuation purposes.\nThe weighted-average estimated fair values of stock options granted during the years ended December 31, 2010, 2009 and 2008 were $5.28, $3.79 and $4.36 per option, respectively, which were calculated using the following weighted-average assumptions:"}
{"_id": "d8f46fbc0", "title": "", "text": "| January 1, 2018 (Date of Adoption ofASU 2014-09) December 31, 2018 | Description | Intake Costs asset | Commissions asset |"}
{"_id": "d889757a2", "title": "", "text": "| (in millions of U.S. dollars) Credit Line1 Usage Expiry Date | Unsecured Liquidity Facilities | ACE Limited2 | Unsecured Operational LOC Facilities | ACE Limited | Unsecured Capital Facilities | ACE Limited3 | Total |"}
{"_id": "d82def78e", "title": "", "text": "(a) Includes the impact of RBC Bank (USA), which we acquired on March 2, 2012.\n(b) Amounts include consolidated variable interest entities.\nSee Consolidated Balance Sheet in Item 8 of this Report for additional information.\n(c) Amounts include assets and liabilities for which we have elected the fair value option.\nSee Consolidated Balance Sheet in Item 8 of this Report for additional information.\n(d) Amounts include balances held with the Federal Reserve Bank of Cleveland of $30.0 billion, $31.4 billion, $11.7 billion, $3.5 billion and $.4 billion as of December 31, 2015, 2014, 2013, 2012 and 2011, respectively.\n(e) Amounts include our equity interest in BlackRock.\n(f) Includes long-term borrowings of $43.6 billion, $41.5 billion, $27.6 billion, $19.3 billion and $20.9 billion for 2015, 2014, 2013, 2012 and 2011, respectively.\nBorrowings which mature more than one year after December 31, 2015 are considered to be long-term.\n(g) Calculated as taxable-equivalent net interest income divided by average earning assets.\nThe interest income earned on certain earning assets is completely or partially exempt from federal income tax.\nAs such, these tax-exempt instruments typically yield lower returns than taxable investments.\nTo provide more meaningful comparisons of net interest margins for all earning assets, we use net interest income on a taxable-equivalent basis in calculating net interest margin by increasing the interest income earned on tax-exempt assets to make it fully equivalent to interest income earned on taxable investments.\nThis adjustment is not permitted under accounting principles generally accepted in the United States of America (GAAP) on the Consolidated Income Statement.\nThe taxable-equivalent adjustments to net interest income for the years 2015, 2014, 2013, 2012 and 2011 were $196 million, $189 million, $168 million, $144 million and $104 million, respectively.\n(h) Calculated using the regulatory capital methodology applicable to PNC during 2015 and 2014, respectively.\n(i) See capital ratios discussion in the Supervision and Regulation section of Item 1 and in the Capital portion of the Consolidated Balance Sheet Review section in Item 7 of this Report for additional discussion on these capital ratios.\n(j) See additional information on the pro forma ratios, the 2014 Transitional Basel III ratios and Basel I ratios in the Statistical Information (Unaudited) section in Item 8 of this Report.\n(k) Pro forma ratios as of December 31, 2015, December 31, 2014 and December 31, 2013 were calculated under the standardized approach and the pro forma ratio as of December 31, 2012 was calculated under the advanced approaches.\nThe 2012 and 2013 ratios have not been updated to reflect the first quarter 2014 adoption of ASU 2014-01 related to investments in low income housing tax credits."}
{"_id": "d8a8139de", "title": "", "text": "| (Dollars in millions) 2006 2005 | Card income | Service charges | Investment and brokerage services | Investment banking income | Equity investment gains | Trading account profits | Mortgage banking income | Other income | Total noninterest income |"}
{"_id": "d8e8815ac", "title": "", "text": "For fiscal year 2005, the effective tax rate includes the impact of $11.6 million tax expense associated with repatriation of approximately $185.0 million of foreign earnings under the provisions of the American Jobs Creation Act of 2004.\nFor fiscal year 2004, the effective tax rate reflects the tax benefit derived from higher earnings in low-tax jurisdictions.\nDuring fiscal year 2006, primarily due to a tax accounting method change, there was a decrease of $83.2 million in the current deferred tax assets, and a corresponding increase in non-current deferred tax assets.\nIn the third quarter of fiscal year 2006, we changed our tax accounting method on our tax return for fiscal year 2005 with respect to the current portion of deferred revenue to follow the recognition of revenue under U. S.  generally accepted accounting principles.\nThis accounting method change, as well as other adjustments made to our taxable income upon the filing of the fiscal year 2005 tax return, resulted in an increase in our operating loss (NOL) carryforwards.\nIn May 2006, the Tax Increase Prevention and Reconciliation Act of 2005 was enacted, which provides a three-year exception to current U. S.  taxation of certain foreign intercompany income.\nThis provision will first apply to Synopsys in fiscal year 2007.\nManagement estimates that had such provisions been applied for fiscal 2006, our income tax expense would have been reduced by approximately $3 million.\nIn December 2006, the Tax Relief and Health Care Act of 2006 was enacted, which retroactively extended the research and development credit from January 1, 2006.\nAs a result, we will record an expected increase in our fiscal 2006 research and development credit of between $1.5 million and $1.8 million in the first quarter of fiscal 2007."}
{"_id": "d8c38eca4", "title": "", "text": "| December 31, | 2010 | (In millions) | Below investment grade or non-rated fixed maturity securities: | Estimated fair value | Net unrealized gain (loss) | Non-income producing fixed maturity securities: | Estimated fair value | Net unrealized gain (loss) |"}
{"_id": "d837f5f9e", "title": "", "text": "ITEM 1A.\nRISK FACTORS In addition to the other information provided in this report, the following risk factors should be considered when evaluating an investment in our securities.\nIf the circumstances contemplated by the individual risk factors materialize, our business, financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly.\nRISKS RELATING TO OUR BUSINESS Fluctuations in the financial markets could result in investment losses.\nProlonged and severe disruptions in the overall public debt and equity markets, such as occurred during 2008, could result in significant realized and unrealized losses in our investment portfolio.\nAlthough financial markets have significantly improved since 2008, they could deteriorate in the future.\nThere could also be disruption in individual market sectors, such as occurred in the energy sector in recent years.\nSuch declines in the financial markets could result in significant realized and unrealized losses on investments and could have a material adverse impact on our results of operations, equity, business and insurer financial strength and debt ratings.\nOur results could be adversely affected by catastrophic events.\nWe are exposed to unpredictable catastrophic events, including weather-related and other natural catastrophes, as well as acts of terrorism.\nAny material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations.\nBy way of illustration, during the past five calendar years, pre-tax catastrophe losses, net of reinsurance, were as follows:"}
{"_id": "d8bef68f4", "title": "", "text": "CONSOLIDATED INCOME STATEMENT REVIEW Our Consolidated Income Statement is presented in Item 8 of this Report.\nNet income for 2012 was $3.0 billion compared with $3.1 billion for 2011.\nRevenue growth of 8 percent and a decline in the provision for credit losses were more than offset by a 16 percent increase in noninterest expense in 2012 compared to 2011.\nFurther detail is included in the Net Interest Income, Noninterest Income, Provision For Credit Losses and Noninterest Expense portions of this Consolidated Income Statement Review."}
{"_id": "d8adb2b7e", "title": "", "text": "| (Awards in thousands) 2007 2006 2005 | Share awards granted | Fair value at grant date | Vesting period (in years) |"}
{"_id": "d89d0af88", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | Service cost – including administrative expenses | Interest cost on projected benefit obligation | Expected return on plan assets | Recognition of net actuarial loss | Recognition of prior service costs | NET PERIODIC BENEFIT COST | Amortization of regulatory asset (a) | TOTAL PERIODIC BENEFIT COST | Cost capitalized | Reconciliation to rate level | Cost charged to operating expenses |"}
{"_id": "d8add2c94", "title": "", "text": "| Year ended June 30, 2008 | 2007 | Net income | Non-cash expenses | Change in receivables | Change in deferred revenue | Change in other assets and liabilities | Net cash from operating activities |"}
{"_id": "d83b9f406", "title": "", "text": "| December 31, 2016 2015 | IPALCO common stock | Colon quotas-1 | IPL preferred stock | Other common stock | DPL preferred stock | Total redeemable stock of subsidiaries |"}
{"_id": "d82d2c7f2", "title": "", "text": "Duration-Monitored.\nFor products such as whole life insurance and term life insurance that are less sensitive to interest rate risk, and for other products such as individual single premium deferred annuities, we manage interest rate risk based on a modeling process that considers the target average life, maturities, crediting rates and assumptions of policyholder behavior.\nAs of December 31, 2007, the weighted-average difference between the asset and liability durations on these portfolios was +.22.\nThis duration gap indicates that, as of this date, the sensitivity of the fair value of our assets to interest rate movements is greater than that of the fair value of our liabilities.\nWe attempt to monitor this duration gap consistent with our overall risk/reward tolerances.\nThe value of the assets in these portfolios was $17,990.9 million as of December 31, 2007."}
{"_id": "d8806fe64", "title": "", "text": "| Payments Due by Period | (in millions) | Litigation settlements | Long-term debt obligations | Interest payments-1 | Operating lease obligations-1 | Purchase obligations-1 | Minimum royalty obligations -1 | Unrecognized tax benefits | $1,391 |"}
{"_id": "d867d8d38", "title": "", "text": "| 2015 2014 2013 | Weighted average coupon of long-term borrowings at period-end-1 | Effective average borrowing rate for long-term borrowings after swaps at period-end-1 |"}
{"_id": "d86a04710", "title": "", "text": "| Year ended December 31 | In billions, except forper share data | Net income | Diluted earnings per share | Return on | Average commonshareholders’ equity | Average assets |"}
{"_id": "d8e78613e", "title": "", "text": "Employee-related costs including salaries and wages, group insurance, and pension expense increased $2.9 million, or 0.6%, for 2011 compared to 2010.\nThese employee-related costs represented 44.8% and 44.5% of operation and maintenance expenses for 2011 and 2010, respectively, and include the categories shown in the following table:"}
{"_id": "d8e6bf87c", "title": "", "text": "| Year Ended December 31, | 2012 | (In $ millions) | Cost of sales | Selling, general and administrative expenses |"}
{"_id": "d8e9eb672", "title": "", "text": "Performance Share Units Under the 2005 ICP, the Companys Executive Leadership Team may be awarded a target number of performance share units (PSUs).\nPSUs will be earned only to the extent that the Company attains certain goals relating to the Companys performance and relative total shareholder returns against peers over a three-year period.\nThe awards also have a three-year service condition with cliff vesting with an accelerated service condition based on age and length of service.\nThe actual number of PSUs ultimately earned could vary from zero, if performance goals are not met, to as much as 200% of the target, if performance goals are significantly exceeded.\nThe value of each target PSU is equal to the value of one share of Ameriprise Financial common stock.\nThe total amount of target PSUs outstanding at the end of December 31, 2017, 2016 and 2015 was 0.2 million.\nThe PSUs are liability awards.\nDuring the years ended December 31, 2017, 2016 and 2015, the value of shares settled for PSU awards was $13 million, $15 million and $27 million, respectively."}
{"_id": "d8d0d51a6", "title": "", "text": "| Year ended June 30, 2009 | 2008 | Net income | Non-cash expenses | Change in receivables | Change in deferred revenue | Change in other assets and liabilities | Net cash from operating activities |"}
{"_id": "d8b48dea8", "title": "", "text": "| Net sales Operating income | (Millions) | Coatings | Glass | Chemicals |"}
{"_id": "d8a840f7e", "title": "", "text": "| December 31, | (in thousands) | Shares authorized | Class A common stock | Class B-1 common stock | Class B-2 common stock | Class B-3 common stock | Class B-4 common stock |"}
{"_id": "d8dbf2e8a", "title": "", "text": "| ($ in millions) % earned after | 2009 | Allstate brand: | Standard auto | Non-standard auto | Homeowners | Other personal lines-1 | Total Allstate brand | Encompass brand: | Standard auto | Non-standard auto | Homeowners | Other personal lines-1 | Total Encompass brand | Allstate Protection unearned premiums | Weighted average expected term | Expected volatility | Weighted average volatility | Expected dividends | Risk-free rate |"}
{"_id": "d887e6904", "title": "", "text": "| Approximate Number of Vehicles Average Age | Residential | Commercial | Industrial | Total |"}
{"_id": "d899d9cec", "title": "", "text": "Residential Mortgage Loan and Home Equity Loan/ Line of Credit Repurchase Obligations While residential mortgage loans are sold on a non-recourse basis, we assume certain loan repurchase obligations associated with mortgage loans we have sold to investors.\nThese loan repurchase obligations primarily relate to situations where PNC is alleged to have breached certain origination covenants and representations and warranties made to purchasers of the loans in the respective purchase and sale agreements.\nRepurchase obligation activity associated with residential mortgages is reported in the Residential Mortgage Banking segment.\nIn the fourth quarter of 2013, PNC reached agreements with both FNMA and FHLMC to resolve their repurchase claims with respect to loans sold between 2000 and 2008.\nPNC paid a total of $191 million related to these settlements.\nPNCs repurchase obligations also include certain brokered home equity loans/lines of credit that were sold to a limited number of private investors in the financial services industry by National City prior to our acquisition of National City.\nPNC is no longer engaged in the brokered home equity lending business, and our exposure under these loan repurchase obligations is limited to repurchases of loans sold in these transactions.\nRepurchase activity associated with brokered home equity loans/lines of credit is reported in the Non-Strategic Assets Portfolio segment."}
{"_id": "d89f33774", "title": "", "text": "| 2008 2007 2006 2005 | $15,991 |"}
{"_id": "d86ce3d82", "title": "", "text": "| Restricted Stock Units (In thousands) Weighted-AverageGrant Date Fair Value | Nonvested on January 1, 2017 | Conversions from performance share units | Vested and released | Canceled/forfeited | Nonvested on December 31, 2017 |"}
{"_id": "d8da668a0", "title": "", "text": "(a) Excludes $9.1 million, $6.5 million and $3.4 million in 2006, 2005 and 2004, respectively, in curtailment losses, and $8.7 million, $3.6 million and $1.4 million in 2006, 2005 and 2004, respectively, of termination benefits, in connection with cost reduction programs and facility rationalizations that were recorded in Restructuring and other charges in the consolidated statement of operations.\nAlso excludes $77.2 million and $14.3 million in 2006 and 2005, respectively, in curtailment losses, and $18.6 million and $7.6 million of termination benefits in 2006 and 2005, respectively, related to certain divestitures recorded in Net losses on sales and impairments of businesses held for sale in the consolidated statement of operations."}
{"_id": "d8ea378a6", "title": "", "text": "| 2003 2002 2001 | Statutory tax rate | Effects of foreign operations(a) | State and local income taxes after federal income tax effects | Other federal tax effects | Effective tax rate |"}
{"_id": "d88c1f08e", "title": "", "text": "Table of Contents The Company had net deferred losses of $175 million and $240 million associated with cash flow hedges, net of taxes, recorded in AOCI as of September 28, 2013 and September 29, 2012, respectively.\nDeferred gains and losses associated with cash flow hedges of foreign currency revenue are recognized as a component of net sales in the same period as the related revenue is recognized, and deferred gains and losses related to cash flow hedges of inventory purchases are recognized as a component of cost of sales in the same period as the related costs are recognized.\nDeferred gains and losses associated with cash flow hedges of interest income or expense are recognized as a component of other income/ (expense), net in the same period as the related income or expense is recognized.\nThe Companys hedged foreign currency transactions and hedged interest rate transactions as of September 28, 2013 are expected to occur within 12 months and five years, respectively.\nDerivative instruments designated as cash flow hedges must be de-designated as hedges when it is probable the forecasted hedged transaction will not occur in the initially identified time period or within a subsequent two-month time period.\nDeferred gains and losses in AOCI associated with such derivative instruments are reclassified immediately into other income and expense.\nAny subsequent changes in fair value of such derivative instruments are reflected in other income and expense unless they are re-designated as hedges of other transactions.\nThe Company did not recognize any significant net gains or losses related to the loss of hedge designation on discontinued cash flow hedges during 2013, 2012 and 2011.\nThe Companys unrealized net gains and losses on net investment hedges, included in the cumulative translation adjustment account of AOCI, were not significant as of September 28, 2013 and September 29, 2012.\nThe ineffective portions of and amounts excluded from the effectiveness test of net investment hedges are recorded in other income and expense.\nThe gain/loss recognized in other income and expense for foreign currency forward and option contracts not designated as hedging instruments was not significant during 2013, 2012 and 2011, respectively.\nThese amounts represent the net gain or loss on the derivative contracts and do not include changes in the related exposures, which generally offset a portion of the gain or loss on the derivative contracts."}
{"_id": "d87ee5724", "title": "", "text": "| As of December | $ in millions | Compensation and benefits | Noncontrolling interests1 | Income tax-related liabilities | Employee interests in consolidated funds | Subordinated liabilities issued by consolidated VIEs | Accrued expenses and other2 | Total |"}
{"_id": "d8a8e9ac0", "title": "", "text": "TEST & MEASUREMENT The Companys Test & Measurement segment offerings help customers design cutting-edge innovations, keep their businesses up and running and safeguard their network operations.\nDanaher's instrument business offers test, measurement and monitoring products that are used in electronic design, manufacturing and advanced technology development, as well as for installation, service and maintenance of electrical, industrial, electronic and calibration applications.\nDanaher's communications business is a leading provider of products and solutions used in the design, deployment, monitoring and security of traditional, virtualized, mobile and cloud-based networks operated by communications service providers, hosting service providers, enterprises and government agencies worldwide.\nCustomers for these products and services include manufacturers of electronic instruments; service, installation and maintenance professionals; manufacturers who design, develop, manufacture and deploy network equipment; and service providers who implement, maintain and manage communications networks and services.\nAlso included in the Test & Measurement segment are the Companys mobile tool and wheel service businesses."}
{"_id": "d8dd21702", "title": "", "text": "Accounting for Uncertainty in Income Taxes See Results of Operations - Provision for Income Taxes above for our discussion on accounting for uncertainty in income taxes.\nRoyalties We have certain royalty commitments associated with the licensing of certain offerings and products."}
{"_id": "d88a4a286", "title": "", "text": "| Less than 12 months 12 months or more Total | Fair  Value | (in millions) | December 31, 2013 | U.S. Treasury and other U.S. government corporations and agencies: | U.S. Treasury and agency obligations | Mortgage-backed securities | Tax-exempt municipal securities | Mortgage-backed securities: | Residential | Commercial | Asset-backed securities | Corporate debt securities | Total debt securities | December 31, 2012 | U.S. Treasury and other U.S. government corporations and agencies: | U.S. Treasury and agency obligations | Mortgage-backed securities | Tax-exempt municipal securities | Mortgage-backed securities: | Residential | Commercial | Asset-backed securities | Corporate debt securities | Total debt securities |"}
{"_id": "d86c2ccea", "title": "", "text": "| Year Ended December 31, | 2015 | Enterprise net interest: | Spread | Margin (net yield on interest-earning assets) | Ratio of enterprise interest-earning assets to enterprise interest-bearing liabilities | Return on average: | Total assets | Total shareholders’ equity | Average total shareholders’ equity to average total assets |"}
{"_id": "d8dc4960e", "title": "", "text": "| Pension Benefits   as of December 31, Postretirement Benefits   as of December 31, | 2009 | (In percentages) | Discount rate obligations: | US plans | International plans | Combined | Rate of compensation increase: | US plans | International plans | Combined |"}
{"_id": "d87fae2aa", "title": "", "text": "Accruing Loans Past Due 60 To 89 Days"}
{"_id": "d89c287be", "title": "", "text": "| Retained Earnings (In thousands) | Balance, December 30, 2017, as previously reported | Cumulative effect adjustment from the adoption of new accounting standards: | Revenue from Contracts with Customers (Topic 606)* | Financial Instruments—Overall (Subtopic 825-10): Recognition and Measurement of Financial Assets and Financial Liabilities | Income taxes (Topic 740): Intra-entity Transfers of Assets Other Than Inventory | Balance, December 30, 2017, as adjusted | Net Income | Balance, December 29, 2018 |"}
{"_id": "d8c9a7956", "title": "", "text": "D. R.  HORTON, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) Financial Services: The Company’s mortgage subsidiary, DHI Mortgage, has a mortgage repurchase facility that is accounted for as a secured financing.\nThe mortgage repurchase facility provides financing and liquidity to DHI Mortgage by facilitating purchase transactions in which DHI Mortgage transfers eligible loans to the counterparties against the transfer of funds by the counterparties, thereby becoming purchased loans.\nDHI Mortgage then has the right and obligation to repurchase the purchased loans upon their sale to third-party purchasers in the secondary market or within specified time frames from 45 to 60 days in accordance with the terms of the mortgage repurchase facility.\nThe total capacity of the facility is $600 million; however, the capacity increases, without requiring additional commitments, to $725 million for approximately 30 days at each quarter end and to $800 million for approximately 45 days at fiscal year end.\nThe capacity can also be increased to $1.0 billion subject to the availability of additional commitments.\nThe maturity date of the facility is February 22, 2019.\nAs of September 30, 2018, $758.6 million of mortgage loans held for sale with a collateral value of $735.6 million were pledged under the mortgage repurchase facility.\nAs a result of advance paydowns totaling $97.9 million, DHI Mortgage had an obligation of $637.7 million outstanding under the mortgage repurchase facility at September 30, 2018 at a 4.1% annual interest rate.\nThe mortgage repurchase facility is not guaranteed by D. R.  Horton, Inc.  or any of the subsidiaries that guarantee the Company’s homebuilding debt.\nThe facility contains financial covenants as to the mortgage subsidiary’s minimum required tangible net worth, its maximum allowable ratio of debt to tangible net worth and its minimum required liquidity.\nThese covenants are measured and reported to the lenders monthly.\nAt September 30, 2018, DHI Mortgage was in compliance with all of the conditions and covenants of the mortgage repurchase facility.\nIn the past, DHI Mortgage has been able to renew or extend its mortgage credit facility at a sufficient capacity and on satisfactory terms prior to its maturity and obtain temporary additional commitments through amendments to the credit agreement during periods of higher than normal volumes of mortgages held for sale.\nThe liquidity of the Company’s financial services business depends upon its continued ability to renew and extend the mortgage repurchase facility or to obtain other additional financing in sufficient capacities."}
{"_id": "d8aa0ec0c", "title": "", "text": "| Fiscal2011 Fiscal2010 Fiscal2009 % Change2011-2010 % Change2010-2009 | Creative and Interactive Solutions | Percentage of total revenue | Digital Media Solutions | Percentage of total revenue | Knowledge Worker | Percentage of total revenue | Enterprise | Percentage of total revenue | Omniture | Percentage of total revenue | Print and Publishing | Percentage of total revenue | Total revenue |"}
{"_id": "d8996d7fe", "title": "", "text": "| (in millions) Corporate Small Business-2 Public Other-4 Consolidated | Balance at December 31, 2014-1 | Foreign currency translation | Acquisition | Balance at December 31, 2015-1 | Foreign currency translation | CDW Advanced Services Allocation-3 | Balance at December 31, 2016-1 | Foreign currency translation | Balances as of December 31, 2017-1 |"}
{"_id": "d87c1d686", "title": "", "text": "| Loss ratio 75.6 60.1 63.4 15.5 -3.3 | Acquisition ratio | General operating expense ratio | Expense ratio | Combined ratio | Adjustments for accident year loss ratio, as adjusted | and accident year combined ratio, as adjusted: | Catastrophe losses and reinstatement premiums | Prior year development net of premium adjustments | Accident year loss ratio, as adjusted | Accident year combined ratio, as adjusted |"}
{"_id": "d8926f876", "title": "", "text": "Bristol-Myers Squibb 36 RESULTS OF OPERATIONS The following discussion of the Company’s results of continuing operations excludes the results related to the Oncology Therapeutics Network (OTN) business, which were previously presented as a separate segment, and has been segregated from continuing operations and reflected as discontinued operations for all periods presented.\nSee “—Discontinued Operations” below."}
{"_id": "d8b827640", "title": "", "text": "ITEM 3.\nLegal Proceedings.\nWe are involved in various lawsuits and claims arising in the ordinary course of business, including actions with respect to intellectual property, employment, and contractual matters.\nIn connection with these matters, we assess, on a regular basis, the probability and range of possible loss based on the developments in these matters.\nA liability is recorded in the financial statements if it is believed to be probable that a loss has been incurred and the amount of the loss can be reasonably estimated.\nBecause litigation is inherently unpredictable and unfavorable results could occur, assessing contingencies is highly subjective and requires judgments about future events.\nWe regularly review outstanding legal matters to determine the adequacy of the liabilities accrued and related disclosures.\nThe amount of ultimate loss may differ from these estimates.\nEach matter presents its own unique circumstances, and prior litigation does not necessarily provide a reliable basis on which to predict the outcome, or range of outcomes, in any individual proceeding.\nBecause of the uncertainties related to the occurrence, amount, and range of loss on any pending litigation or claim, we are currently unable to predict their ultimate outcome, and, with respect to any pending litigation or claim where no liability has been accrued, to make a meaningful estimate of the reasonably possible loss or range of loss that could result from an unfavorable outcome.\nIn the event opposing litigants in outstanding litigations or claims ultimately succeed at trial and any subsequent appeals on their claims, any potential loss or charges in excess of any established accruals, individually or in the aggregate, could have a material adverse effect on our business, financial condition, results of operations, and/or cash flows in the period in which the unfavorable outcome occurs or becomes probable, and potentially in future periods."}
{"_id": "d8be2ae66", "title": "", "text": "| December 31, 2016 | (Dollars in millions) | Securities borrowed or purchased under agreements to resell-1 | Securities loaned or sold under agreements to repurchase | Other | Total | December 31, 2015 | Securities borrowed or purchased under agreements to resell-1 | Securities loaned or sold under agreements to repurchase | Other | Total |"}
{"_id": "d8d6d8e86", "title": "", "text": "| Home Equity (a) (b) Residential RealEstate (a) (b) 1st Liens (c) | December 31, 2011 - in millions | Current estimated LTV ratios (d) (e) | Greater than or equal to 125% and updated FICO scores: | Greater than 660 | Less than or equal to 660 | Missing FICO | Greater than or equal to 100% to less than 125% and updated FICO scores: | Greater than 660 | Less than or equal to 660 | Missing FICO | Greater than or equal to 90% to less than 100% and updated FICO scores: | Greater than 660 | Less than or equal to 660 | Missing FICO | Less than 90% and updated FICO scores: | Greater than 660 | Less than or equal to 660 | Missing FICO | Missing LTV and updated FICO scores: | Greater than 660 | Less than or equal to 660 | Missing FICO | Total Home Equity and Residential Real Estate Loans | In millions | 2012 | 2013 | 2014 | 2015 | 2016 and thereafter | Total (a) | Moody’s | PNC | Senior debt | Subordinated debt | Preferred stock | PNC Bank | Senior debt | Subordinated debt | Long-term deposits | Short-term deposits | Short-term notes |"}
{"_id": "d8aa80316", "title": "", "text": "| Years Ended December 31, | 2015 | Dollars inMillions | Segments:-1 | Corporate | Public | Other-2 | Headquarters-3 | Total Income from operations |"}
{"_id": "d89dc2732", "title": "", "text": "| Year Ended December 31 % Change in | $ in millions | Sales | Operating income | Operating margin rate |"}
{"_id": "d88c6f002", "title": "", "text": "| (in 000s) | Year ended April 30, | Balance, beginning of the year | Additions based on tax positions related to prior years | Reductions based on tax positions related to prior years | Additions based on tax positions related to the current year | Reductions related to settlements with tax authorities | Expiration of statute of limitations | Foreign currency translation | Other | Balance, end of the year |"}
{"_id": "d8866b868", "title": "", "text": "| Total Number ofShares (or Units)Purchased1 Average Price Paidper Share (or Unit)2 Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs3 Maximum Number (or Approximate Dollar Value) of Shares (or Units) that May Yet Be Purchased Under the Plans or Programs3 | October 1 - 31 | November 1 - 30 | December 1 - 31 | Total |"}
{"_id": "d873c1780", "title": "", "text": "(f) Reflects $75 million, $68 million, $74 million and $85 million in 2011, 2012, 2013 and 2014, respectively, related to the adoption of Accounting Standards Update (ASU) No.2015-03, “Interest - Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs.\n” See Note C to the financial statements in Item 8.\n(g) Reflects $266 million, $296 million, $122 million and $152 million in 2011, 2012, 2013, 2014, respectively, related to the adoption of ASU No.2015-17, “Income Taxes (Topic 740): Balance Sheet Classification of Deferred Taxes.\n” See Note L to the financial statements in Item 8."}
{"_id": "d896355d2", "title": "", "text": "CAPITAL RESOURCES AND LIQUIDITY.\nDuring 2009, stockholders equity increased from $2.5 billion to $2.9 billion.\nWe repurchased nearly 2.3 million common shares for $67 million in 2009.\nTangible book value is $2.2 billion at December 31, 2009, and our cash and cash equivalents and our mutual fund investment holdings total $1.4 billion.\nGiven the availability of these financial resources, we do not maintain an available external source of liquidity.\nOn January 20, 2010, we purchased a 26% equity interest in UTI Asset Management Company and an affiliate for $142.4 million.\nWe funded the acquisition from our cash holdings.\nIn addition to the pending UTI acquisition, we had outstanding commitments to fund other investments totaling $35.4 million at December 31, 2009.\nWe presently anticipate funding 2010 property and equipment expenditures of about $150 million from our cash balances and operating cash inflows."}
{"_id": "d86e58122", "title": "", "text": "Risk Monitoring and Limits The risk monitoring responsibilities, owned by the business units, include ensuring compliance with market risk limits and escalation and remediation of limit breaches.\nSuch activities must be reported to the ERM Market Risk team by the relevant business unit.\nThis monitoring approach is aligned with our overall risk limits framework.\nTo control our exposure to market risk, we rely on a three-tiered hierarchy of limits that the CMRO closely monitors and reports to our CRO, senior management and risk committees.\nSee Risk Appetite, Limits, Identification, and Measurement  Risk Limits herein for further information on our three-tiered hierarchy of limits.\nLIQUIDITY RISK MANAGEMENT Liquidity risk is defined as the risk that our financial condition will be adversely affected by the inability or perceived inability to meet our short-term cash, collateral or other financial obligations.\nFailure to appropriately manage liquidity risk can result in insolvency, reduced operating flexibility, increased costs, reputational harm and regulatory action.\nAIG and its legal entities seek to maintain sufficient liquidity during both the normal course of business and under defined liquidity stress scenarios to ensure that sufficient cash will be available to meet the obligations as they come due.\nAIG Parent liquidity risk tolerance levels are designed to allow it to meet our financial obligations for a minimum of six- months under a liquidity stress scenario.\nWe maintain liquidity limits and minimum coverage ratios designed to ensure that funding needs are met under varying market conditions.\nIf we project that we will breach these tolerances, we will assess and determine appropriate liquidity management actions.\nHowever, the market conditions in effect at that time may not permit us to achieve an increase in liquidity sources or a reduction in liquidity requirements.\nRisk Identification The following sources of liquidity and funding risks could impact our ability to meet short-term financial obligations as they come due.  ?\nMarket/Monetization Risk: Assets may not be readily transformed into cash due to unfavorable market conditions.\nMarket liquidity risk may limit our ability to sell assets at reasonable values to meet liquidity needs.  ?\nCash Flow Mismatch Risk: Discrete and cumulative cash flow mismatches or gaps over short-term horizons under both expected and adverse business conditions may create future liquidity shortfalls.  ?\nEvent Funding Risk: Additional funding may be required as the result of a trigger event.\nEvent funding risk comes in many forms and may result from a downgrade in credit ratings, a market event, or some other event that creates a funding obligation or limits existing funding options.  ?\nFinancing Risk: We may be unable to raise additional cash on a secured or unsecured basis due to unfavorable market conditions, AIG-specific issues, or any other issue that impedes access to additional funding."}
{"_id": "d8277463e", "title": "", "text": "| Year Ended | September 30, 2007 | ($ in 000's) | Revenues: | Institutional Sales Commissions: | Equity | Fixed Income | Underwriting Fees | Mergers & Acquisitions Fees | Private Placement Fees | Trading Profits | Raymond James Tax Credit Funds | Interest | Other | Total Revenue | Interest Expense | Net Revenues | Non-Interest Expenses | Sales Commissions | Admin & Incentive Comp and Benefit Costs | Communications and Information Processing | Occupancy and Equipment | Business Development | Clearance and Other | Total Non-Interest Expense | Income Before Taxes and Minority Interest | Minority Interest | Pre-tax Earnings |"}
{"_id": "d862153a6", "title": "", "text": "| Global Banking Total Corporation | (Dollars in millions) | Products | Advisory | Debt issuance | Equity issuance | Gross investment banking fees | Self-led | Total investment banking fees |"}
{"_id": "d8dc23792", "title": "", "text": "| Year ended December 31, (in millions)(a) 2005 2004 2003 | Net gains on sales of loans held for sale | Lower of cost or fair value adjustments |"}
{"_id": "d8b7d4f08", "title": "", "text": "| December 31,(in millions) 2010 2009 | Assets: | Fixed maturity securities | Deferred policy acquisition costs | Mortgage and other loans receivable, net | Equity securities | Other invested assets | Short-term investments | Separate account assets | Other assets | Assets of businesses held for sale | Flight equipment* | Total assets held for sale | Liabilities: | Future policy benefits for life and accident and health insurance contracts | Policyholder contract deposits | Separate account liabilities | Other long-term debt | Other liabilities | Total liabilities held for sale |"}
{"_id": "d8d0fa4c4", "title": "", "text": "| December 31, | 2011 | (in millions) | Income taxes receivable—current | Income taxes receivable—noncurrent | Total income taxes receivable | Income taxes payable—current | Income taxes payable—noncurrent | Total income taxes payable | Year EndedDecember 31, | (in millions) | Cost of products sold | Selling, general and administrative expenses | Research and development expenses | 122 | Income tax benefit | $87 | Net income (loss) per common share - basic | Net income (loss) per common share - assuming dilution |"}
{"_id": "d8d0c34e2", "title": "", "text": "M&T BANK CORPORATION AND SUBSIDIARIES Notes to Financial Statements  (Continued) (a) Net interest income is the difference between actual taxable-equivalent interest earned on assets and interest paid on liabilities by a segment and a funding charge (credit) based on the Companys internal funds transfer pricing methodology.\nSegments are charged a cost to fund any assets (e. g.  loans) and are paid a funding credit for any funds provided (e. g.  deposits).\nThe taxable-equivalent adjustment aggregated $20,833,000 in 2007, $19,667,000 in 2006 and $17,311,000 in 2005 and is eliminated in All Other net interest income and income tax expense (benefit).\n(b) Including the impact in the All Other category of the merger-related expenses described in note 2.\nThe Business Banking segment provides deposit, lending, cash management and other financial services to small businesses and professionals through the Companys banking office network and several other delivery channels, including business banking centers, telephone banking, Internet banking and automated teller machines.\nThe Commercial Banking segment provides a wide range of credit products and banking services to middle-market and large commercial customers, largely within the markets the Company serves.\nAmong the services provided by this segment are commercial lending and leasing, letters of credit, deposit products and cash management services.\nThe Commercial Real Estate segment provides credit services which are secured by various types of multifamily residential and commercial real estate and deposit services to its customers.\nActivities of this segment include the origination, sales and servicing of commercial real estate loans.\nThe Discretionary Portfolio segment includes securities, residential mortgage loans and other assets; short-term and long-term borrowed funds; brokered certificates of deposit and interest rate swap agreements related thereto; and offshore branch deposits.\nThis segment also provides foreign exchange services to customers.\nThe Residential Mortgage Banking segment originates and services residential mortgage loans for consumers and sells substantially all of those loans in the secondary market to investors or to the Discretionary Portfolio segment.\nThe segment periodically purchases servicing rights to loans that have been originated by other entities.\nThis segment also originates and services loans to developers of residential real estate properties.\nResidential mortgage loans held for sale are included in the Residential Mortgage Banking segment.\nThe Retail Banking segment offers a variety of services to consumers through several delivery channels that include banking offices, automated teller machines, telephone banking and Internet banking.\nThe All Other category includes other operating activities of the Company that are not directly attributable to the reported segments as determined in accordance with SFAS No.131, the difference between the provision for credit losses and the calculated provision allocated to the reportable segments, goodwill and core deposit and other intangible assets resulting from acquisitions of financial institutions, M&Ts equity in the earnings of BLG, merger-related expenses resulting from acquisitions, the net impact of the Companys internal funds transfer pricing methodology, eliminations of transactions between reportable segments, certain nonrecurring transactions, the residual effects of unallocated support systems and general and administrative expenses, and the impact of interest rate risk management strategies.\nThe amount of intersegment activity eliminated in arriving at consolidated totals was included in the All Other category as follows:"}
{"_id": "d814c142e", "title": "", "text": "| Years Ended December 31,(in millions) 2012 2011 | Interest rate contracts:(a) | Loss recognized in earnings on derivatives | Gain recognized in earnings on hedged items(b) | Foreign exchange contracts:(a) | Loss recognized in earnings on derivatives | Gain recognized in earnings on hedged items | Years Ended December 31,(in millions) | Interest rate contracts(a): | Gain (loss) recognized in OCI on derivatives | Gain (loss) reclassified from Accumulated OCI into earnings(b) |"}
{"_id": "d8ecea116", "title": "", "text": "| (in thousands) | Cash paid, net of cash acquired | Fair value of assumed vested or earned stock awards | Acquisition related costs | Total purchase price consideration |"}
{"_id": "d8a75d4ae", "title": "", "text": "| Balance, December 31, 2008 $846,258 | Additions during period—depreciation and amortization expense | Deductions during period—disposition and retirements of property | Balance, December 31, 2009 | Additions during period—depreciation and amortization expense | Deductions during period—disposition and retirements of property | Balance, December 31, 2010 | Additions during period—depreciation and amortization expense | Deductions during period—disposition and retirements of property | Balance, December 31, 2011 |"}
{"_id": "d8e8c6558", "title": "", "text": "| 30 September 2018 2017 | Gross Deferred Tax Assets | Retirement benefits and compensation accruals | Tax loss carryforwards | Tax credits and other tax carryforwards | Reserves and accruals | Currency losses | Other | Valuation allowance | Deferred Tax Assets | Gross Deferred Tax Liabilities | Plant and equipment | Unremitted earnings of foreign entities | Partnership and other investments | Intangible assets | Other | Deferred Tax Liabilities | Net Deferred Income Tax Liability | 2014 | 4th | (In thousands, except per share amounts) | Revenue-1 | Cost of revenue | Net income-1 (2) (3) | Net income per share - basic-1 (2) (3) | Net income per share - diluted-1 (2) (3) |"}
{"_id": "d8b131278", "title": "", "text": "| September 30, | 2006 | (In millions) | Warranty liability, beginning of year | Warranties issued | Changes in liability for pre-existing warranties | Settlements made | Warranty liability, end of year |"}
{"_id": "d815e5bfc", "title": "", "text": "| As of December 31, | (In millions) | Institutional: | U.S. | Non-U.S. | Commercial real estate: | U.S. | Total loans and leases | Average loans and leases |"}
{"_id": "d8c773a72", "title": "", "text": "| Pension plans-1 Postretirement benefit plans-1 | U.S. plans-2 | In millions of dollars | Contributions made by the Company | Benefits paid directly by the Company |"}
{"_id": "d884b78c8", "title": "", "text": "| Period Amount Coupon Rate | Year ended December 31, 2018: | July 16, 2018-1 | November 8, 2018 | Year ended December 31, 2017: | May 1, 2017 | July 27, 2017-2 | Year ended December 31, 2016: | February 1, 2016 | September 15, 2016 | November 30, 2016-3 | November 30, 2016-3 |"}
{"_id": "d8ae2d982", "title": "", "text": "business subsequent to the acquisition.\nThe liabilities for these payments are classified as Level 3 liabilities because the related fair value measurement, which is determined using an income approach, includes significant inputs not observable in the market.\nFinancial Assets and Liabilities Not Measured at Fair Value Our debt is reflected on the Consolidated Balance Sheets at cost.\nBased on market conditions as of December 31, 2018 and 2017, the fair value of our credit agreement borrowings reasonably approximated the carrying values of $1.7 billion and $2.0 billion, respectively.\nIn addition, based on market conditions, the fair values of the outstanding borrowings under the receivables facility reasonably approximated the carrying values of $110 million and $100 million at December 31, 2018 and December 31, 2017, respectively.\nAs of December 31, 2018 and December 31, 2017, the fair values of the U. S.  Notes (2023) were approximately $574 million and $615 million, respectively, compared to a carrying value of $600 million at each date.\nAs of December 31, 2018 and December 31, 2017, the fair values of the Euro Notes (2024) were approximately $586 million and $658 million compared to carrying values of $573 million and $600 million, respectively.\nAs of December 31, 2018, the fair value of the Euro Notes (2026/28) approximated the carrying value of $1.1 billion.\nThe fair value measurements of the borrowings under our credit agreement and receivables facility are classified as Level 2 within the fair value hierarchy since they are determined based upon significant inputs observable in the market, including interest rates on recent financing transactions with similar terms and maturities.\nWe estimated the fair value by calculating the upfront cash payment a market participant would require at December 31, 2018 to assume these obligations.\nThe fair value of our U. S.  Notes (2023) is classified as Level 1 within the fair value hierarchy since it is determined based upon observable market inputs including quoted market prices in an active market.\nThe fair values of our Euro Notes (2024) and Euro Notes (2026/28) are determined based upon observable market inputs including quoted market prices in markets that are not active, and therefore are classified as Level 2 within the fair value hierarchy."}
{"_id": "d8894d478", "title": "", "text": "| Owned and Leased Capability MW-1 | Company | Entergy Arkansas | Entergy Gulf States Louisiana | Entergy Louisiana | Entergy Mississippi | Entergy New Orleans | Entergy Texas | System Energy | Total |"}
{"_id": "d88ee0a98", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements Fair Value of Financial Instruments The table below presents the carrying amount and fair value by fair value hierarchy level of certain financial instruments that are not reported at fair value.\nThe financial instruments presented below are reported at carrying value on the Company’s Consolidated Statements of Financial Position.\nIn some cases, as described below, the carrying amount equals or approximates fair value."}
{"_id": "d87ee540e", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements Fair Value of Cash Instruments by Level The tables below present cash instrument assets and liabilities at fair value by level within the fair value hierarchy.\nIn the tables below: · Cash instrument assets and liabilities are included in “Financial instruments owned, at fair value” and “Financial instruments sold, but not yet purchased, at fair value,” respectively.\n· Cash instrument assets are shown as positive amounts and cash instrument liabilities are shown as negative amounts."}
{"_id": "d8c773afe", "title": "", "text": "| December 31, 2017 December 31, 2016 | In millions of dollars, except ratios | Common Equity Tier 1 Capital | Tier 1 Capital | Total Capital (Tier 1 Capital + Tier 2 Capital)(1) | Total Risk-Weighted Assets | Credit Risk | Market Risk | Operational Risk | Common Equity Tier 1 Capital ratio-2 | Tier 1 Capital ratio-2 | Total Capital ratio-2 |"}
{"_id": "d8f058280", "title": "", "text": "| Year Ended December 31 | 2018 | Statutory rate | State income taxes, net of federal tax benefit | Foreign earnings taxed at rates other than the U.S. statutory rate | Foreign currency effects/remeasurement | Income tax adjustment to filed returns | Tax benefit on U.S. biodiesel credits | Tax benefit on U.S. qualified production activity deduction | Tax on global intangible low-taxed income | Tax benefit on foreign derived intangible income deduction | U.S. tax reform impacts | Valuation allowances | Other | Effective income tax rate |"}
{"_id": "d8cf640c4", "title": "", "text": "| February 16, 2016 October 1, 2015 February 9, 2015 | (In millions) | Floaters: | Ultra-Deepwater (a) | Deepwater | Mid-Water | Total Floaters | Jack-ups | Total |"}
{"_id": "d8aeb47b6", "title": "", "text": "| Interest Rate Contracts Notional Amount of Underlying Debt Variable Rate Received Year of Transaction Maturity Fair Value | Dollars in Millions | Swaps associated with: | 4.00% Notes due 2008 | 5.25% Notes due 2013 | 4.375% €500 Million EUR Notes due 2016 | 4.625% €500 Million EUR Notes due 2021 | 7.15% Notes due 2023 | 5.875% Notes due 2036 | $3,912 |"}
{"_id": "d8e96bd00", "title": "", "text": "During the second quarter of 2016, the Joint Committee on Taxation finalized its review of the U. S.  Federal examinations of fiscal 2008 through calendar 2010.\nThe completion of the review did not have a material impact on the firm’s effective income tax rate.\nThe examinations of 2011 and 2012 began in 2013.\nThe firm has been accepted into the Compliance Assurance Process program by the IRS for each of the tax years from 2013 through 2017.\nThis program allows the firm to work with the IRS to identify and resolve potential U. S.  federal tax issues before the filing of tax returns.\nThe 2013 through 2015 tax years remain subject to post-filing review.\nResearch and Development"}
{"_id": "d8cd8abcc", "title": "", "text": "| December 31, 2008 Carrying Amounts Estimated Fair Value 2007 Carrying Amounts Estimated Fair Value | Marketable Securities | Notes Payable | Mortgages Payable | Construction Payable | Mandatorily Redeemable Minority Interests (termination dates ranging from 2019 – 2027) |"}
{"_id": "d89007bd8", "title": "", "text": "| December 31 Average Balance | (Dollars in millions) | Assets | Federal funds sold and securities purchased under agreements to resell | Trading account assets | Debt securities | Loans and leases, net of allowance for loan and lease losses | All other assets | Total assets | Liabilities | Deposits | Federal funds purchased and securities sold under agreements to repurchase | Trading account liabilities | Commercial paper and other short-term borrowings | Long-term debt | All other liabilities | Total liabilities | Shareholders’ equity | Total liabilities and shareholders’ equity |"}
{"_id": "d8aee384a", "title": "", "text": "Snap-on Business Solutions is a world leader in automotive parts and service information.\nIts products are aimed at assisting original equipment manufacturers (OEMs) and their dealers to enhance their service operations.\nBusiness Solutions products include integrated software, services and systems that transform complex technical data for parts catalogs into easily accessed electronic information (electronic parts catalogs).\nOther products and services include warranty management systems and analytics to help dealerships manage and track the complex process of warranty claims management.\nOver 35,000 automotive dealerships around the world use Business Solutions electronic parts catalogs, which are available in 26 different languages and support 15 automotive manufacturers and 31 brands.\nBusiness Solutions products are also sold to over 85,000 dealers in the power equipment and power sports markets.\nSee Note 2 to the Consolidated Financial Statements for further information on the Snap-on Business Solutions acquisition.\nInformation Available on the Companys Web Site Additional information regarding Snap-on and its products is available on the companys Web site at www.\nsnapon.\ncom.\nSnap-on is not including the information contained on its Web site as a part of, or incorporating it by reference into, this Annual Report on Form 10-K.  Snap-ons Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Definitive Proxy Statements on Schedule 14A, Current Reports on Form 8-K, and any amendments to those reports, are made available to the public at no charge, other than an investors own Internet access charges, through the Investor Information section of the companys Web site at www.\nsnapon.\ncom/investor.\nSnap-on makes such material available on its Web site as soon as reasonably practicable after it electronically files such material with, or furnishes it to, the Securities and Exchange Commission (SEC).\nCopies of any materials the company files with the SEC can also be obtained free of charge through the SECs Web site at www.\nsec.\ngov.\nThe SECs Public Reference Room can be contacted at 100 F Street, N. E. , Washington, D. C.  20549, or by calling 1-800-732-0330.\nIn addition, the companys (i) charters for the Audit, Corporate Governance and Nominating, and Organization and Executive Compensation committees of the companys Board of Directors; (ii) Corporate Governance Guidelines; and (iii) Code of Business Conduct and Ethics are available on Snapons Web site.\nSnap-on will also post any amendments to these documents, or information about any waivers granted to directors or executive officers with respect to the Code of Business Conduct and Ethics, on the companys Web site at www.\nsnapon.\ncom.\nThese documents are also available in print upon written request directed to the Corporate Secretary, 2801 80th Street, Kenosha, Wisconsin 53143."}
{"_id": "d8b6353aa", "title": "", "text": "| 2014 2013 2012 | Range of risk-free interest rate | Weighted average risk-free interest rate | Expected life of shares | Range of expected volatility of underlying stock price over the option period | Weighted average expected volatility of underlying stock price | Expected annual dividend yield |"}
{"_id": "d89504bb8", "title": "", "text": "| Three Months Ended | Dec. 31, 2014 | (Unaudited, in thousands) | Reconciliation of Net Loss to Non-GAAP Net Income (Loss): | Net loss | Stock-based compensation expense | Amortization of acquired intangible assets | Non-cash interest expense related to convertible notes | Income tax effects related to acquisitions | Non-GAAP net income (loss) |"}
{"_id": "d8ae710ba", "title": "", "text": "Item 12.\nSecurity Ownership of Certain Beneficial Owners and Management The information required by Item 12 appearing under the caption Voting Securities and Principal Shareholders, in the companys proxy statement to be filed pursuant to Regulation 14A within 120 days after December 31, 2006, is incorporated herein by reference.\nSecurities authorized for issuance under equity compensation plans are summarized below:"}
{"_id": "d8cb9c130", "title": "", "text": "For the year ended December 31, 2006, we realized net gains of $15 million on sales of available-forsale securities.\nUnrealized losses of $7 million were included in other comprehensive income at December 31, 2005, net of deferred taxes of $4 million, related to these sales."}
{"_id": "d8f07321a", "title": "", "text": "| Revenues $444,121 $45,830 $$91,538 $27,537 $609,026 | Production costs -1 | Transportation | E&P corporate | Exploration expenses | DD&A and valuation provision | Income (loss) | Income tax expense | Result of continuing operations from producing activities (excluding corporate overhead and interest costs) |"}
{"_id": "d8af9dae2", "title": "", "text": "Non-nuclear Generating Stations In November 2016, Entergy sold its 50% membership interest in Top Deer Wind Ventures, LLC, a windpowered electric generation joint venture owned in the Entergy Wholesale Commodities segment and accounted for as an equity method investment.\nEntergy sold its 50% membership interest in Top Deer for $0.5 million and realized a pre-tax loss of $0.2 million.\nEntergy Wholesale Commodities includes the ownership, or interests in joint ventures that own, the following non-nuclear power plants:"}
{"_id": "d8685bd78", "title": "", "text": "Table of Contents ADOBE INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) certain states and foreign jurisdictions to fully utilize available tax credits and other attributes.\nThe deferred tax assets are offset by a valuation allowance to the extent it is more likely than not that they are not expected to be realized.\nWe provide U. S.  income taxes on the earnings of foreign subsidiaries unless the subsidiaries earnings are considered permanently reinvested outside the United States or are exempted from taxation as a result of the new territorial tax system.\nTo the extent that the foreign earnings previously treated as permanently reinvested are repatriated, the related U. S.  tax liability may be reduced by any foreign income taxes paid on these earnings.\nAs of November 30, 2018, the cumulative amount of earnings upon which U. S.  income taxes have not been provided is approximately $275 million.\nThe unrecognized deferred tax liability for these earnings is approximately $57.8 million.\nAs of November 30, 2018, we have net operating loss carryforwards of approximately $881.1 million for federal and $349.7 million for state.\nWe also have federal, state and foreign tax credit carryforwards of approximately $8.8 million, $189.9 million and $14.9 million, respectively.\nThe net operating loss carryforward assets and tax credits will expire in various years from fiscal 2019 through 2036.\nThe state tax credit carryforwards and a portion of the federal net operating loss carryforwards can be carried forward indefinitely.\nThe net operating loss carryforward assets and certain credits are reduced by the valuation allowance and are subject to an annual limitation under Internal Revenue Code Section 382, the carrying amount of which are expected to be fully realized.\nAs of November 30, 2018, a valuation allowance of $174.5 million has been established for certain deferred tax assets related to certain state and foreign assets.\nFor fiscal 2018, the total change in the valuation allowance was $80.9 million.\nAccounting for Uncertainty in Income Taxes During fiscal 2018 and 2017, our aggregate changes in our total gross amount of unrecognized tax benefits are summarized as follows (in thousands):"}
{"_id": "d8dcbee4a", "title": "", "text": "AMERICAN TOWER CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS related contingent consideration, and any subsequent changes in fair value using a discounted probabilityweighted approach.\nThis approach takes into consideration Level 3 unobservable inputs including probability assessments of expected future cash flows over the period in which the obligation is expected to be settled and applies a discount factor that captures the uncertainties associated with the obligation.\nChanges in these unobservable inputs could significantly impact the fair value of the liabilities recorded in the accompanying consolidated balance sheets and operating expenses in the consolidated statements of operations.\nAs of December 31, 2012, the Company estimates the value of all potential acquisition-related contingent consideration required payments to be between zero and $43.6 million.\nDuring the years ended December 31, 2012 and 2011, the fair value of the contingent consideration changed as follows (in thousands):"}
{"_id": "d8823b216", "title": "", "text": "| Shares(in thousands) Fair ValuePrice perShare* | Non-vested performance awards at beginning of year | Granted | Vested | Cancellations and other | Non-vested performance awards at end of year |"}
{"_id": "d85f42f98", "title": "", "text": "($125 million) and higher maintenance outage costs ($18 million).\nAdditionally, operating profits in 2012 include costs of $184 million associated with the acquisition and integration of Temple-Inland, mill divestiture costs of $91 million, costs associated with the restructuring of our European Packaging business of $17 million and a $3 million gain for other items, while operating costs in 2011 included costs associated with signing an agreement to acquire Temple-Inland of $20 million and a gain of $7 million for other items."}
{"_id": "d8d303248", "title": "", "text": "ITEM 6.\nSELECTED FINANCIAL DATA Con Edison"}
{"_id": "d86a417a0", "title": "", "text": "| Year Ended December 31, | 2008 | (in millions) | Stock-based compensation expense included in | General and administrative expense | Exploration expense and other | Total stock-based compensation expense | Tax benefit recognized |"}
{"_id": "d8a8bad60", "title": "", "text": "| Tier 1 risk-based capital Total risk-based capital Tier 1 leverage capital | (dollar amounts in thousands) | Huntington Bancshares Incorporated | Amount | Ratio | The Huntington National Bank | Amount | Ratio |"}
{"_id": "d83583df6", "title": "", "text": "| 2002-2 2001 2000 1999 1998 | Consolidated Statement of Operations Data: | Net sales | Gross profit | Operating profit-3 | (Loss) earnings before income taxes | Net (loss) earnings | Series A convertible preferred stock dividends-4 | (Loss) earnings per common share(5) | Basic | Diluted | Consolidated Balance Sheet Data: | Working capital (net liability) net asset(6) | Total assets-6 | Long-term debt, less current portion-6 | Series A convertible preferred stock-4 | Total shareholders' equity | Other Data: | EBIT-7 | Depreciation and amortization-3 | EBITDA-7 | Capital expenditures | Total Cash | Total Cash   Dividends Paid  (In millions) | Common Share | 2006 | 2007 | 2008 | 2009 | 2010 | Total |"}
{"_id": "d8b2d58d6", "title": "", "text": "| Trading and Clearing Segment Year Ended December 31, Data and Listings Segment Year Ended December 31, Consolidated Year Ended December 31, | 2016 | Total revenues, less transaction-based expenses | Operating expenses | Less: NYSE and Interactive Data transaction and integration costs and acquisition related success fees | Less: Employee severance costs related to Creditex U.K. brokerage operations | Less: Creditex customer relationship intangible asset impairment | Less: Amortization of acquisition-related intangibles | Adjusted operating expenses | Operating income | Adjusted operating income | Operating margin | Adjusted operating margin | Net income attributable to Intercontinental Exchange, Inc. | Add: NYSE and Interactive Data transaction and integration costs and acquisition related success fees | Add: Amortization of acquisition-related intangibles | Add: Employee severance costs related to Creditex U.K. brokerage operations | Add: Creditex customer relationship intangible asset impairment | Add: Litigation settlements and accruals, net | Add: Pre-acquisition interest expense on debt issued for Interactive Data acquisition | Less: Net gain on the sale of 6% remaining ownership in Euronext | Less: Other income from OCC equity investment | Less: Income tax effect related to the items above | Less: Deferred tax adjustments on acquisition-related intangibles | Add: Other tax adjustments | Less: Income from discontinued operations, net of tax | Adjusted net income attributable to ICE common shareholders from continuing operations | Basic earnings per share attributable to ICE common shareholders from continuing operations | Diluted earnings per share attributable to ICE common shareholders from continuing operations | Adjusted basic earnings per share attributable to ICE common shareholders from continuing operations | Adjusted diluted earnings per share attributable to ICE common shareholders from continuing operations | Basic weighted average common shares outstanding | Diluted weighted average common shares outstanding |"}
{"_id": "d8927fb9a", "title": "", "text": "| December 31, | 2010 | (in millions) | Commercial paper | Other recourse short-term debt | Total short-term debt | December 31, | 2010 | (in millions) | 3.31% notes payable, due 2011 | 3.63% notes payable, due 2011 | 7.875% notes payable, due 2014 | 3.76% notes payable, due 2015 | 8.875% notes payable, due 2019 | 6.05% notes payable, due 2036 | 8% surplus notes payable, due 2044 | Non-recourse mortgages and notes payable | Other mortgages and notes payable | Total long-term debt |"}
{"_id": "d8612da7e", "title": "", "text": "| Years Ended December 31, | 2017 | Statutory net gain from operations | Statutory net income (loss) | Statutory net income (loss) |"}
{"_id": "d873acb96", "title": "", "text": "| December 31, 2008 December 31, 2007 | Fixed income | ($ in millions except number of issues) | Category (I): Unrealized loss less than 20% of cost(1) | Number of issues | Fair value | Unrealized | Category (II): Unrealized loss greater than or equal to 20% of cost for a period of less than 6 consecutive months(1) | Number of issues | Fair value | Unrealized | Category (III): Unrealized loss greater than or equal to 20% of cost for a period of 6 or more consecutive months, but less than 12consecutive months(1) | Number of issues | Fair value | Unrealized | Category (IV): Unrealized loss greater than or equal to 20% of cost for 12 or more consecutive months(1) | Number of issues | Fair value | Unrealized | Total number of issues | Total fair value-2 | Total unrealized losses |"}
{"_id": "d861948be", "title": "", "text": "The following table summarizes net loan charge-offs by loan portfolio class and total net loan charge-offs to total average loans:"}
{"_id": "d876af6b8", "title": "", "text": "At December 31, 2008, Roper had approximately $11.9 million of U. S.  federal net operating loss carryforwards.\nIf not utilized, these carryforwards will expire in years 2023 through 2027.\nAdditionally, Roper had foreign tax credit carryforwards and research and development credit carryforwards.\nRoper has not recognized a valuation allowance since management has determined that it is more likely than not that the results of future operations will generate suffi cient taxable income to realize these deferred tax assets.\nTh e Company provides income taxes for unremitted earnings of foreign subsidiaries that are not considered permanently reinvested overseas.\nAs of December 31, 2008, the approximate amount of earnings of foreign subsidiaries that the Company considers permanently reinvested and for which deferred taxes have not been provided was approximately $237.8 million.\nBecause of the availability of U. S.  foreign tax credits, it is not practicable to determine the U. S.  federal income tax liability that would be payable if such earnings were not reinvested indefi nitely.\nTh e Company adopted the provisions of FIN 48, Accounting for Uncertainty in Income Taxes  an Interpretation of FASB Statement No.109, on January 1, 2007.\nTh is Interpretation requires the Company to recognize in the consolidated fi nancial statements only those tax positions determined to be more likely than not of being sustained upon examination based on the technical merits of the positions.\nA reconciliation of the beginning and ending amount of unrecognized tax benefi ts is as follows (in thousands):"}
{"_id": "d8b35fa9a", "title": "", "text": "| Other Postretirement Benefits | Pension   Benefits | (In millions) | 2010 | 2011 | 2012 | 2013 | 2014 | 2015-2019 |"}
{"_id": "d89cc8fde", "title": "", "text": "| (Dollar amounts in millions) Quoted Prices in Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs  (Level 3) December 31, 2010 | Liabilities: | Borrowings of consolidated VIEs | Collateral liability under securities lending agreements | Other liabilities-1 | Total liabilities measured at fair value |"}
{"_id": "d86d4d7dc", "title": "", "text": "| Year ended December 31,(in millions,except per share amounts) 2012 2011 2010 | Basic earnings per share | Net income | Less: Preferred stock dividends | Net income applicable to common equity | Less: Dividends and undistributed earnings allocated to participating securities | Net income applicable to common stockholders | Total weighted-average basic shares outstanding | Net income per share | Diluted earnings per share | Net income applicable to common stockholders | Total weighted-average basic shares outstanding | Add: Employee stock options, SARs and warrants(a) | Total weighted-average diluted shares outstanding(b) | Net income per share |"}
{"_id": "d8cbf23dc", "title": "", "text": "Offsetting of Securities Financing Agreements Substantially all of the Corporation’s repurchase and resale activities are transacted under legally enforceable master repurchase agreements that give the Corporation, in the event of default by the counterparty, the right to liquidate securities held and to offset receivables and payables with the same counterparty.\nThe Corporation offsets repurchase and resale transactions with the same counterparty on the Consolidated Balance Sheet where it has such a legally enforceable master netting agreement and the transactions have the same maturity date.\nSubstantially all securities borrowing and lending activities are transacted under legally enforceable master securities lending agreements that give the Corporation, in the event of default by the counterparty, the right to liquidate securities held and to offset receivables and payables with the same counterparty.\nThe Corporation offsets securities borrowing and lending transactions with the same counterparty on the Consolidated Balance Sheet where it has such a legally enforceable master netting agreement and the transactions have the same maturity date.\nThe Securities Financing Agreements table presents securities financing agreements included on the Consolidated Balance Sheet in federal funds sold and securities borrowed or purchased under agreements to resell, and in federal funds purchased and securities loaned or sold under agreements to repurchase at December 31, 2013 and 2012.\nBalances are presented on a gross basis, prior to the application of counterparty netting.\nGross assets and liabilities are adjusted on an aggregate basis to take into consideration the effects of legally enforceable master netting agreements.\nFor more information on the offsetting of derivatives, see Note 2 – Derivatives.\nThe “Other” amount in the Securities Financing Agreements table relates to transactions where the Corporation acts as the lender in a securities lending agreement and receives securities that can be pledged or sold as collateral.\nIn these transactions, the Corporation recognizes an asset at fair value, representing the securities received, and a liability for the same amount, representing the obligation to return those securities.\nThe “other” amount is included on the Consolidated Balance Sheet in other assets and in accrued expenses and other liabilities.\nGross assets and liabilities include activity where uncertainty exists as to the enforceability of certain master netting agreements under bankruptcy laws in some countries or industries and, accordingly, these are reported on a gross basis.\nThe column titled “Financial Instruments” in the Securities Financing Agreements table includes securities collateral received or pledged under repurchase or securities lending agreements where there is a legally enforceable master netting agreement.\nThese amounts are not offset on the Consolidated Balance Sheet, but are shown as a reduction to the net balance sheet amount in the table to derive a net asset or liability.\nSecurities collateral received or pledged where the legal enforceability of the master netting agreements is not certain is not included."}
{"_id": "d8df06040", "title": "", "text": "| Year Ended December 31, Variance 2011 vs. 2010 | 2011 | Net operating interest income | Commissions | Fees and service charges | Principal transactions | Gains on loans and securities, net | Net impairment | Other revenues | Total non-interest income | Total net revenue |"}
{"_id": "d8b65739c", "title": "", "text": "| December 31, 2014 | Moody’s | Citizens Financial Group, Inc.: | Long-term issuer | Short-term issuer | Subordinated debt | Citizens Bank, N.A.: | Long-term issuer | Short-term issuer | Citizens Bank of Pennsylvania: | Long-term issuer | Short-term issuer |"}
{"_id": "d8cb2d672", "title": "", "text": "| As of December 2012 Type of Deposit | in millions | Private bank deposits3 | Certificates of deposit | Deposit sweep programs | Institutional | Total4 |"}
{"_id": "d89212a54", "title": "", "text": "| (In millions) E&P OSM RM&T IG Total | 2008 | Revenues: | Customer | Intersegment(a) | Related parties | Segment revenues | Elimination of intersegment revenues | Gain on U.K. natural gas contracts | Total revenues | Segment income | Income from equity method investments(b) | Depreciation, depletion and amortization(b) | Income tax provision(b) | Capital expenditures(c)(d) | 2007 | Revenues: | Customer | Intersegment(a) | Related parties | Segment revenues | Elimination of intersegment revenues | Loss on U.K. natural gas contracts | Total revenues | Segment income (loss) | Income from equity method investments | Depreciation, depletion and amortization(b) | Minority interest in loss of subsidiary | Income tax provision (benefit)(b) | Capital expenditures(c)(d) | 2006 | Revenues: | Customer | Intersegment(a) | Related parties | Segment revenues | Elimination of intersegment revenues | Gain on U.K. natural gas contracts | Total revenues | Segment income | Income from equity method investments | Depreciation, depletion and amortization(b) | Minority interest in loss of subsidiary | Income tax provision(b) | Capital expenditures(c)(d) |"}
{"_id": "d8db0b1d4", "title": "", "text": "iShares ETFs iShares is the leading ETF provider in the world, with $1.8 trillion of AUM at December 31, 2017 and was the top asset gatherer globally in 20171 with record net inflows of $245.3 billion resulting in an organic growth rate of 19%.\nEquity net inflows of $174.4 billion were driven by flows into Core funds and into products with U. S.  and broad developed market equity exposures.\nRecord fixed income net inflows of $67.5 billion were diversified across exposures and product lines, led by flows into Core, corporate and treasury bond funds.\niShares ETF multi-asset and alternative funds contributed a combined $3.5 billion of net inflows, primarily into commodities funds.\niShares ETFs represented 30% of long-term AUM at December 31, 2017 and 40% of long-term base fees for 2017.\nComponent changes in iShares ETFs AUM for 2017 are presented below."}
{"_id": "d8a6a40c6", "title": "", "text": "| Year Ended December 31, | 2016 | Net income attributable to CBRE Group, Inc. | Add: | Depreciation and amortization (i) | Non-amortizableintangible asset impairment | Interest expense (ii) | Write-offof financing costs on extinguished debt | Provision for income taxes (iii) | Less: | Interest income | EBITDA (iv) | Adjustments: | Integration and other costs related to acquisitions | Cost-elimination expenses | Carried interest incentive compensation (reversal) expense to align with the timing of associated revenue | Adjusted EBITDA (iv) |"}
{"_id": "d87d80f28", "title": "", "text": "| For the year ended December 31, | 2008 | (in millions) | Premiums and other considerations: | Direct | Assumed | Ceded | Net premiums and other considerations | Benefits, claims and settlement expenses: | Direct | Assumed | Ceded | Net benefits, claims and settlement expenses |"}
{"_id": "d86b3c34e", "title": "", "text": "KIMCO REALTY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, continued The Company’s investments in Latin America are made through individual entities which are subject to local taxes.\nThe Company assesses each entity to determine if deferred tax assets are more likely than not realizable.\nThis assessment primarily includes an analysis of cumulative earnings and the determination of future earnings to the extent necessary to fully realize the individual deferred tax asset.\nBased on this analysis the Company has determined that a full valuation allowance is required for entities which have a three-year cumulative book loss and for which future earnings are not readily determinable.\nIn addition, the Company has determined that no valuation allowance is needed for entities that have three-years of cumulative book income and future earnings are anticipated to be sufficient to more likely than not realize their deferred tax assets.\nAt December 31, 2014, the Company had total deferred tax assets of $9.5 million relating to its Latin American investments with an aggregate valuation allowance of $9.3 million.\nThe Company’s deferred tax assets in Canada result principally from depreciation deducted under GAAP that exceed capital cost allowances claimed under Canadian tax rules.\nThe deferred tax asset will naturally reverse upon disposition as tax basis will be greater than the basis of the assets under generally accepted accounting principles.\nAs of December 31, 2014, the Company determined that no valuation allowance was needed against a $65.5 million net deferred tax asset within KRS.\nThe Company based its determination on an analysis of both positive evidence and negative evidence using its judgment as to the relative weight of each.\nThe Company believes, when evaluating KRS’s deferred tax assets, special consideration should be given to the unique relationship between the Company as a REIT and KRS as a taxable REIT subsidiary.\nThis relationship exists primarily to protect the REIT’s qualification under the Code by permitting, within certain limits, the REIT to engage in certain business activities in which the REIT cannot directly participate.\nAs such, the REIT controls which and when investments are held in, or distributed or sold from, KRS.\nThis relationship distinguishes a REIT and taxable REIT subsidiary from an enterprise that operates as a single, consolidated corporate taxpayer.\nThe Company will continue through this structure to operate certain business activities in KRS.\nThe Company’s analysis of KRS’s ability to utilize its deferred tax assets includes an estimate of future projected income.\nTo determine future projected income, the Company scheduled KRS’s pre-tax book income and taxable income over a twenty year period taking into account its continuing operations (“Core Earnings”).\nCore Earnings consist of estimated net operating income for properties currently in service and generating rental income.\nMajor lease turnover is not expected in these properties as these properties were generally constructed and leased within the past seven years.\nThe Company can employ strategies to realize KRS’s deferred tax assets including transferring its property management business or selling certain built-in gain assets.\nThe Company’s projection of KRS’s future taxable income over twenty years, utilizing the assumptions above with respect to Core Earnings, net of related expenses, generates sufficient taxable income to absorb a reversal of the Company’s deductible temporary differences, including net operating loss carryovers.\nBased on this analysis, the Company concluded it is more likely than not that KRS’s net deferred tax asset of $65.5 million (excluding net deferred tax assets of FNC discussed above) will be realized and therefore, no valuation allowance is needed at December 31, 2014.\nIf future income projections do not occur as forecasted or the Company incurs additional impairment losses in excess of the amount Core Earnings can absorb, the Company will reconsider the need for a valuation allowance."}
{"_id": "d88423f7e", "title": "", "text": "Cadence completed its annual goodwill impairment test during the third quarter of fiscal 2016 and determined that the fair value of Cadence’s single reporting unit substantially exceeded the carrying amount of its net assets and that no impairment existed.\nWe assess fair value based on estimated cash flow projections that utilize appropriate discount and/or capitalization rates, third party appraisals, and available market information.\nEstimates of future cash flows are based on a number of factors including historical operating results, known and anticipated trends, and market and economic conditions.\nThe fair value of the tangible assets of an acquired property considers the value of the property as if it were vacant.\nWe record acquired “above and below” market leases at their fair value, using a discount rate which reflects the risks associated with the leases acquired, equal to the difference between (i) the contractual amounts to be paid pursuant to each in-place lease and (ii) management’s estimate of fair market lease rates for each corresponding in-place lease, measured over a period equal to the remaining term of the lease for above-market leases and the initial term plus the term of any below-market fixed-rate renewal options for below-market leases.\nOther intangible assets acquired include amounts for in-place lease values that are based on our evaluation of the specific characteristics of each tenant’s lease.\nFactors to be considered include estimates of carrying costs during hypothetical expected lease-up periods, market conditions, and costs to execute similar leases.\nIn estimating carrying costs, we include real estate taxes, insurance and other operating expenses and estimates of lost rentals at market rates during the expected lease-up periods, depending on local market conditions.\nIn estimating costs to execute similar leases, we consider leasing commissions, legal and other related costs.\nReal estate assets are periodically reviewed for potential impairment by comparing the carrying amount to the expected undiscounted future cash flows to be generated from the assets.\nIf the sum of the expected future net undiscounted cash flows is less than the carrying amount of the property, we will recognize an impairment loss by adjusting the asset’s carrying amount to its estimated fair value.\nFair value for properties to be held and used is based on the present value of the future cash flows expected to be generated from the asset.\nProperties held for sale are recorded at the lower of carrying amount or fair value less costs to dispose.\nOur ability to accurately predict future cash flows impacts the determination of fair value, which may significantly impact our reported results of operations."}
{"_id": "d8ac4107e", "title": "", "text": "| For the Years Ended December 31, Percent Increase (Decrease) | 2017 | (in millions, except percentages) | Personnel | Professional fees | Data processing and telecommunications | Foreign exchange activity | Other | General and administrative expenses | Special Item1 | Adjusted general and administrative expenses (excluding Special Item)1 |"}
{"_id": "d8da14992", "title": "", "text": "| Fair Value Measurements Using Fair Value Measurements Using | Quoted Prices In Active Markets for Identical Assets (Level 1) | Assets | Cash and cash equivalents | Investment funds | U.S. large cap equities | U.S. small/mid cap equities | Non-U.S. developed markets equities | Non-U.S. emerging markets equities | Fixed income obligations | Equity securities | U.S. large cap | U.S. small/mid cap | Non-U.S. developed markets | Fixed income securities | Government and agency obligations | Corporate obligations | Mortgage and asset-backed securities | Other fixed income obligations | $317 |"}
{"_id": "d8267f09e", "title": "", "text": "We have commitments under various operating leases.\nFuture minimum payments under non-cancelable operating leases with a remaining term in excess of one year were as follows as of December 31, 2008:"}
{"_id": "d8f49182e", "title": "", "text": "| UE CIPS CILCO IP | Circuit miles of electric transmission lines | Circuit miles of electric distribution lines | Circuit miles of electric distribution lines underground | Miles of natural gas transmission and distribution mains | Propane-air plants | Underground gas storage fields | Billion cubic feet of total working capacity of underground gas storage fields |"}
{"_id": "d83b5a18a", "title": "", "text": "| Shares/Units Weighted Average Grant Date Fair Value ($) | Nonvested at | October 1, 2008 | Granted | Vested | Forfeited | Nonvested at | September 30, 2009 |"}
{"_id": "d8d059740", "title": "", "text": "| Years Ended December 31, | 2016 | Written premiums | Direct | Ceded | Total net written premiums | Earned premiums | Direct | Ceded | Total net earned premiums |"}
{"_id": "d8dea61ea", "title": "", "text": "| As of December 31, 2014 As of December 31, 2013 | (In millions) | Out-licensed patents | Developed technology | In-process research and development | Trademarks and tradenames | Acquired and in-licensed rights and patents | Total intangible assets |"}
{"_id": "d8abbd9a4", "title": "", "text": "| December 31, 2013 December 31, 2012 | In millions | Derivatives designated as hedging instruments under GAAP | Derivatives not designated as hedging instruments under GAAP | Total gross derivatives |"}
{"_id": "d8c04e670", "title": "", "text": "(a) Additional shares were issued in 2006 and 2007 because the performance targets were exceeded for the 36-month performance periods related to the 2003 and 2004 grants.\nDuring 2007, 2006 and 2005 the weighted average grant date fair value of restricted stock awards was $54.97, $40.45 and $27.21.\nThe vesting date fair value of stock-based performance awards which vested during 2007, 2006 and 2005 was $38 million, $21 million and $5 million.\nThe vesting date fair value of restricted stock awards which vested during 2007, 2006 and 2005 was $29 million, $32 million and $13 million.\nAs of December 31, 2007, there was $37 million of unrecognized compensation cost related to restricted stock awards which is expected to be recognized over a weighted average period of 1.4 year.25."}
{"_id": "d81baf876", "title": "", "text": "| Average Daily Paid Print Circulation-1 Total Paid Subscribers for Combined Masthead (Print and Digital)(2) Total Monthly Audience for Combined Masthead (Print and Digital)(3) | The Australian (Mon – Fri) | The Weekend Australian (Sat) | The Daily Telegraph (Mon – Sat) | The Sunday Telegraph | Herald Sun (Mon – Sat) | Sunday Herald Sun | The Courier Mail (Mon – Sat) | The Sunday Mail | The Advertiser (Mon – Sat) | Sunday Mail |"}
{"_id": "d88c1f188", "title": "", "text": "ADDITIONAL DISCLOSURES Forward-Looking Statements This report, including MD&A, contains certain forward-looking statements, including certain plans, expectations, goals, projections, and statements, which are subject to numerous assumptions, risks, and uncertainties.\nStatements that do not describe historical or current facts, including statements about beliefs and expectations, are forward-looking statements.\nThe forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and the Private Securities Litigation Reform Act of 1995.\nActual results could differ materially from those contained or implied by such statements for a variety of factors including: (1) worsening of credit quality performance due to a number of factors such as the underlying value of the collateral could prove less valuable than otherwise assumed and assumed cash flows may be worse than expected; (2) changes in economic conditions; (3) movements in interest rates; (4) competitive pressures on product pricing and services; (5) success, impact, and timing of our business strategies, including market acceptance of any new products or services introduced to implement our Fair Play banking philosophy; (6) changes in accounting policies and principles and the accuracy of our assumptions and estimates used to prepare our Consolidated Financial Statements; (7) extended disruption of vital\nrunoff and the sale of the Personal Catastrophe Risk operation in November 2005.\nEarned premiums in the Financial, Professional & International Insurance segment in 2006 increased 4% over 2005, primarily reflecting growth in Bond & Financial Products and the absence of catastrophe-related reinstatement premiums.\nIn the Personal Insurance segment, earned premium growth of 9% in 2006 reflected strong new business volume and continued renewal price increases."}
{"_id": "d8f0b4fee", "title": "", "text": "| Cash and cash equivalents $7,540 | Property and equipment | Identified intangible assets | Other assets | Deferred income taxes | Other liabilities | Total identifiable net assets | Goodwill | Total purchase consideration |"}
{"_id": "d8912bdac", "title": "", "text": "| Vascular North America Anesthesia/Respiratory North America Surgical North America EMEA Asia All Other Total | (Dollars in thousands) | Balance as of December 31, 2012 | Goodwill | Accumulated impairment losses | 187,563 | Goodwill related to acquisitions | Translation adjustment | Balance as of December 31, 2013 | Goodwill | Accumulated impairment losses | $240,169 |"}
{"_id": "d87e56cae", "title": "", "text": "| Settlement date before December 31, | 2015 | December 31, 2014 | (millions) | Foreign currency sold | US dollars sold for sterling | Euro sold for US dollars | Japanese yen sold for US dollars | Total | Fair Value(i) |"}
{"_id": "d8961a3cc", "title": "", "text": "| 2016 2015 2014 | Net sales | Operating profit | Operating margin | Backlog atyear-end |"}
{"_id": "d8876000c", "title": "", "text": "Revenue Recognition.\nThe Company's contracts with customers are comprised of acknowledged purchase orders incorporating the Companys standard terms and conditions, or for larger customers, may also generally include terms under negotiated multi-year agreements.\nThese contracts with customers typically consist of the manufacture of products which represent single performance obligations that are satisfied upon transfer of control of the product to the customer.\nThe Company produces fastening systems; seamless rolled rings; investment castings, including airfoils and forged jet engine components; extruded, machined and formed aircraft parts; aluminum sheet and plate; integrated aluminum structural systems; architectural extrusions; and forged aluminum commercial vehicle wheels.\nTransfer of control is assessed based on alternative use of the products we produce and our enforceable right to payment for performance to date under the contract terms.\nTransfer of control and revenue recognition generally occur upon shipment or delivery of the product, which is when title, ownership and risk of loss pass to the customer and is based on the applicable shipping terms.\nThe shipping terms vary across all businesses and depend on the product, the country of origin, and the type of transportation (truck, train, or vessel).\nAn invoice for payment is issued at time of shipment.\nThe Companys objective is to have net 30-day terms.\nOur business units set commercial terms on which Arconic sells products to its customers.\nThese terms are influenced by industry custom, market conditions, product line (specialty versus commodity products), and other considerations.\nIn certain circumstances, Arconic receives advanced payments from its customers for product to be delivered in future periods.\nThese advanced payments are recorded as deferred revenue until the product is delivered and title and risk of loss have passed to the customer in accordance with the terms of the contract.\nDeferred revenue is included in Other current liabilities and Other noncurrent liabilities and deferred credits on the accompanying Consolidated Balance Sheet."}
{"_id": "d8a7a808a", "title": "", "text": "| 2011 2010 | Interest rate | Term notes | Industrial development bonds, principally variable interest rates | Commercial paper | Capitalized leases (primarily machinery, vehicle and office equipment) | Other, partially secured | 835.8 | Less current maturities | $833.3 |"}
{"_id": "d81452196", "title": "", "text": "| 2010 2009 | At December 31,(in millions) | No surrender charge | 0% - 2% | Greater than 2% - 4% | Greater than 4% | Non-Surrenderable | Total reserves | Surrender rates | Period | 10-Year Treasury | S&P 500 | USD/JPY |"}
{"_id": "d894a3b92", "title": "", "text": "| -1 (2) December 31, 2007 December 31, 2006 | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total Public Fixed Maturities |"}
{"_id": "d8770a6e4", "title": "", "text": "| December 31, 2013 | Labor-related deemed claim -1 | Aircraft and facility financing renegotiations and rejections -2,-3 | Fair value of conversion discount -4 | Professional fees | Other | Total reorganization items, net |"}
{"_id": "d85f0a9c2", "title": "", "text": "| Year ended December 31, 2013 vs. 2012 Favorable/(Unfavorable) Change | In millions | Gross margin | Selling, general and administrative expenses | Research, development and engineering expenses | Equity, royalty and interest income from investees |"}
{"_id": "d8bc63fec", "title": "", "text": "| (Dollars in millions, except per share amounts) Fiscal2011 Fiscal2010 Fiscal2009 2011-2010% Change 2010-2009% Change | Total net revenue | Operating income from continuing operations | Net income from continuing operations | Diluted net income per share from continuing operations |"}
{"_id": "d8f1feb2a", "title": "", "text": "| Table 3 Business Segment Results | Total Revenue-1 | (Dollars in millions) | Deposits | Card Services | Consumer Real Estate Services | Global Commercial Banking | Global Banking & Markets | Global Wealth & Investment Management | All Other | Total FTE basis | FTE adjustment | Total Consolidated |"}
{"_id": "d8cc6f8be", "title": "", "text": "| For the Years Ended December 31, | (in millions) | Net earnings attributable to Altria Group, Inc. | Less: Distributed and undistributed earnings attributable to share-based awards | Earnings for basic and diluted EPS | Weighted-average shares for basic and diluted EPS | Short-term Debt at the End of the Period | AmountOutstanding (in millions) | December 31, 2017: | Commercial paper | Short-term bank debt | Total | December 31, 2016: | Commercial paper | Short-term bank debt | Total | Year Ended December 31 | Expected volatility | Expected term(in years) | Interest rate | Weighted average grant-date fair value |"}
{"_id": "d8207430c", "title": "", "text": "MetLife, Inc.  Notes to the Consolidated Financial Statements  (Continued) Options.\nAdditional shares carried forward from the Stock Incentive Plan and available for issuance under the 2005 Stock Plan were 13,018,939 at December 31, 2009.\nThere were no shares carried forward from the 2000 Directors Stock Plan.\nEach share issued under the 2005 Stock Plan in connection with a Stock Option or Stock Appreciation Right reduces the number of shares remaining for issuance under that plan by one, and each share issued under the 2005 Stock Plan in connection with awards other than Stock Options or Stock Appreciation Rights reduces the number of shares remaining for issuance under that plan by 1.179 shares.\nThe number of shares reserved for issuance under the 2005 Directors Stock Plan are 2,000,000.\nAt December 31, 2009, the aggregate number of shares remaining available for issuance pursuant to the 2005 Stock Plan and the 2005 Directors Stock Plan were 47,903,044 and 1,838,594, respectively.\nStock Option exercises and other stock-based awards to employees settled in shares are satisfied through the issuance of shares held in treasury by the Company.\nUnder the current authorized share repurchase program, as described previously, sufficient treasury shares exist to satisfy foreseeable obligations under the Incentive Plans.\nCompensation expense related to awards under the Incentive Plans is recognized based on the number of awards expected to vest, which represents the awards granted less expected forfeitures over the life of the award, as estimated at the date of grant.\nUnless a material deviation from the assumed rate is observed during the term in which the awards are expensed, any adjustment necessary to reflect differences in actual experience is recognized in the period the award becomes payable or exercisable.\nCompensation expense of $69 million, $123 million and $146 million, and income tax benefits of $24 million, $43 million and $51 million, related to the Incentive Plans was recognized for the years ended December 31, 2009, 2008 and 2007, respectively.\nCompensation expense is principally related to the issuance of Stock Options, Performance Shares and Restricted Stock Units.\nThe majority of the awards granted by the Holding Company are made in the first quarter of each year.\nStock Options All Stock Options granted had an exercise price equal to the closing price of the Holding Companys common stock as reported on the New York Stock Exchange on the date of grant, and have a maximum term of ten years.\nCertain Stock Options granted under the Stock Incentive Plan and the 2005 Stock Plan have or will become exercisable over a three year period commencing with the date of grant, while other Stock Options have or will become exercisable three years after the date of grant.\nStock Options issued under the 2000 Directors Stock Plan were exercisable immediately.\nThe date at which a Stock Option issued under the 2005 Directors Stock Plan becomes exercisable would be determined at the time such Stock Option is granted.\nA summary of the activity related to Stock Options for the year ended December 31, 2009 is presented below.\nThe aggregate intrinsic value was computed using the closing share price on December 31, 2009 of $35.35 and December 31, 2008 of $34.86, as applicable."}
{"_id": "d86a788e0", "title": "", "text": "| Liability balance, January 1, 2014 $308 | Charges, net | Cash spent | Currency/other | Liability balance, December 31, 2014 | Charges, net | Cash spent | Currency/other | Liability balance, December 31, 2015 |"}
{"_id": "d8c8546c6", "title": "", "text": "Capital Expenditures Selected capital expenditures incurred in oil and gas activities, acquisitions and downstream projects consisted of the following:"}
{"_id": "d88ec55ea", "title": "", "text": "| December 31, 2018 2017 | (in thousands) | Valuation allowance at beginning of year | Change in valuation allowance | Valuation allowance at end of year |"}
{"_id": "d8d2c9b92", "title": "", "text": "| Estimated useful life-in years December 31, | (in millions) | Property and equipment: | Land | Building | Building improvements | Leasehold improvements | Equipment and computer software | Other transportation equipment | Furniture and fixtures | Construction in progress | Total | Less: accumulated depreciation and amortization | Property and equipment, net |"}
{"_id": "d8af8a898", "title": "", "text": "Of the $2.5 billion, $1.8 billion of the term loans was secured by Leidos Innovations prior to being acquired and the funds were used to finance the special cash payment to Lockheed Martin.\nThe remaining $690 million of term loans was secured by Leidos to fund the special cash dividend.\nDuring fiscal 2016, we repaid $275 million of these term loans (see \nNote 11Debt"}
{"_id": "d8cf03f76", "title": "", "text": "| 2011  (in millions) | Wind turbines & deposits | Tisza II | Kelanitissa | Other | Total |"}
{"_id": "d8b48df0c", "title": "", "text": "| (Millions) 2005 2004 | Receivables | Customers | Equity affiliates | Other | Allowance for doubtful accounts | Total | Inventories-1 | Finished products | Work in process | Raw materials | Supplies | Total | Accounts payable and accrued liabilities | Trade creditors | Accrued payroll | Other postretirement and pension benefits | Income taxes | Other | Total |"}
{"_id": "d86b05a06", "title": "", "text": "| (In thousands, except per share data) Number of Shares Weighted-AverageGrant Date Fair Value | Outstanding at beginning of year | Granted | Vested | Forfeited | Outstanding at end of year | For the Years Ended | (In thousands, except for grant date fair values) | Weighted average grant date fair values for shares granted during the year | Total fair value of shares vested during the year |"}
{"_id": "d8bcf62f2", "title": "", "text": "| 2016 $6,306 | 2017 | 2018 | 2019 | 2020 | Thereafter | Total minimum future lease payments | 2018 | 2019 | 2020 | 2021 | 2022 | Thereafter | Total minimum future lease payments | 2018 | 2019 | 2020 | 2021 | 2022 | Thereafter | Total payments | Less: interest and land lease expense | Total payments under facility financing obligations | Property reverting to landlord | Present value of obligation | Less: current portion | Lease financing obligations, non-current |"}
{"_id": "d8d54218a", "title": "", "text": "Item 4.\nSubmission of Matters to a Vote of Security Holders.\nAt a special meeting of stockholders held November 15, 2005, our stockholders approved a proposal to amend our Certificate of Incorporation to increase the number of shares of common stock the Company has authority to issue from 30 million to 90 million.\nThe voting results for the proposal, not adjusted for the effect of the stock split, were as follows:"}
{"_id": "d85ee087a", "title": "", "text": "| December 31, 2017 December 31, 2016 | (dollars in millions) | Receive-fixed: | Cash flow - floating rate commercial loans-1 | Fair value - senior debt issuance-2 | Total receive-fixed | Pay-fixed: | Cash flow - floating rate wholesale funding-3 | Total pay-fixed | Total |"}
{"_id": "d813cd298", "title": "", "text": "(a) Excludes $23 million and $24 million paid by United States Steel in 2003 and 2002 on assumed leases.\nThe above discussion contains forward-looking statements with regard to the Jackpine mine expansion and Quest CCS.\nSome factors that could affect the Jackpine mine expansion include the inability to obtain or delay in obtaining third-party approvals and permits.\nThe Quest CCS is subject to the inability to obtain or delay in obtaining government funds, the availability of materials and labor, unforeseen hazards such as weather conditions and other risks customarily associated with these types of projects.\nActual results may differ materially from these expectations, estimates and projections and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and difficult to predict.\nThe foregoing factors (among others) could cause actual results to differ materially from those set forth in the forward-looking statements.\nReserves Estimated Reserve Quantities The following table sets forth estimated quantities of our proved liquid hydrocarbon, natural gas and synthetic crude oil reserves based upon an unweighted average of closing prices for the first day of each month in the 12-month periods ended December 31, 2013, 2012 and 2011.\nIncluded in our liquid hydrocarbon reserves are NGLs which represent approximately 7 percent, 6 percent and 5 percent of our total proved reserves on an oil equivalent barrel basis as of December 2013, 2012 and 2011.\nApproximately 72 percent, 63 percent and 40 percent of those NGL reserves are associated with our U. S.  unconventional resource plays as of December 31, 2013, 2012 and 2011."}
{"_id": "d887d2d00", "title": "", "text": "| First  Quarter Second  Quarter Third  Quarter Fourth  Quarter | 2012* | Net sales and revenues | Net sales | Gross profit | Income before income taxes | Net income attributable to Deere & Company | Per share data: | Basic | Diluted | Dividends declared | Dividends paid | 2011 | Net sales and revenues | Net sales | Gross profit | Income before income taxes | Net income attributable to Deere & Company | Per share data: | Basic | Diluted | Dividends declared | Dividends paid |"}
{"_id": "d8dd7a654", "title": "", "text": "| Years Ended | November 28, 2003 | Gain (loss) on foreign currency assets and liabilities: | Realized net gain (loss) recognized in other income (loss) | Unrealized net gain recognized in other income (loss) | 13,667 | Gain (loss) on hedges of foreign currency assets and liabilities: | Realized net gain (loss) recognized in other income (loss) | Unrealized net gain (loss) recognized in other income (loss) | -12,209 | Net gain recognized in other income |"}
{"_id": "d89cfc474", "title": "", "text": "| December 31, 2010 | In millions of dollars | Commercial and similar letters of credit | One- to four-family residential mortgages | Revolving open-end loans secured by one- to four-family residential properties | Commercial real estate, construction and land development | Credit card lines | Commercial and other Consumer loan commitments | Total |"}
{"_id": "d86ada41e", "title": "", "text": "2014 vs.  2013 Sales of $450.4 were relatively flat as higher liquefied natural gas (LNG) project activity was offset by lower air separation (ASU) project activity.\nOperating income of $88.2 increased from the higher LNG project activity.\nThe sales backlog for the Equipment business at 30 September 2014 was $520, compared to $402 at 30 September 2013.\nThe increase was primarily due to new LNG orders as global project development activity remains high.\nIt is expected that approximately $320 of the backlog will be completed during 2015.2013 vs.  2012 Sales of $451.1 increased primarily from higher LNG project activity.\nOperating income of $65.5 increased from the higher LNG project activity.\nThe sales backlog for the Equipment business at 30 September 2013 was $402, compared to $450 at 30 September 2012."}
{"_id": "d8c8d05a0", "title": "", "text": "On May 20, 2015, Aon plc issued $600 million of 4.750% Senior Notes due May 2045.\nThe 4.750% Notes due May 2045 are fully and unconditionally guaranteed by Aon Corporation.\nWe used the proceeds of the issuance for general corporate purposes.\nOn September 30, 2015, $600 million of 3.50% Senior Notes issued by Aon Corporation matured and were repaid.\nOn November 13, 2015, Aon plc issued $400 million of 2.80% Senior Notes due March 2021.\nThe 2.80% Notes due March 2021 are fully and unconditionally guaranteed by Aon Corporation.\nWe used the proceeds of the issuance for general corporate purposes.\nCredit Facilities As of December 31, 2015, we had two committed credit facilities outstanding: our $400 million U. S.  credit facility expiring in March 2017 (the \"2017 Facility\") and $900 million multi-currency U. S.  credit facility expiring in February 2020 On May 20, 2015, Aon plc issued $600 million of 4.750% Senior Notes due May 2045.\nThe 4.750% Notes due May 2045 are fully and unconditionally guaranteed by Aon Corporation.\nWe used the proceeds of the issuance for general corporate purposes.\nOn September 30, 2015, $600 million of 3.50% Senior Notes issued by Aon Corporation matured and were repaid.\nOn November 13, 2015, Aon plc issued $400 million of 2.80% Senior Notes due March 2021.\nThe 2.80% Notes due March 2021 are fully and unconditionally guaranteed by Aon Corporation.\nWe used the proceeds of the issuance for general corporate purposes.\nCredit Facilities As of December 31, 2015, we had two committed credit facilities outstanding: our $400 million U. S.  credit facility expiring in March 2017 (the \"2017 Facility\") and $900 million multi-currency U. S.  credit facility expiring in February 2020 (the \"2020 Facility\").\nThe 2020 Facility was entered into on February 2, 2015 and replaced the previous €650 million European credit facility.\nEach of these facilities is intended to support our commercial paper obligations and our general working capital needs.\nIn addition, each of these facilities includes customary representations, warranties and covenants, including financial covenants that require us to maintain specified ratios of adjusted consolidated EBITDA to consolidated interest expense and consolidated debt to adjusted consolidated EBITDA, tested quarterly.\nAt December 31, 2015, we did not have borrowings under either the 2017 Facility or the 2020 Facility, and we were in compliance with the financial covenants and all other covenants contained therein during the twelve months ended December 31, 2015.\nEffective February 2, 2016, the 2020 Facility terms were extended for 1 year and will expire in February 2021 Our total debt-to-EBITDA ratio at December 31, 2015 and 2014, is calculated as follows:"}
{"_id": "d89337b78", "title": "", "text": "Iuterest Expense Interest expense for Fiscal 2011 was $30.9 million, or 0.5% of net sales, as compared to $26.9 million, or 0.5% of net sales, in Fiscal 2010.\nThe increase in interest expense is primarily a result of the amortization of the previously recorded losses in accumulated other comprehensive loss over the remaining life of our interest rate swaps and higher average borrowings outstanding during Fiscal 2011 compared to Fiscal 2010.\nThe interest rate swaps were associated with bank debt which we repaid near the beginning of our second quarter of Fiscal 2010."}
{"_id": "d89b8a366", "title": "", "text": "Statements of Cash Flows The following table summarizes selected items from our statements of cash flows for fiscal 2014, fiscal 2013, and fiscal 2012.\nSee the financial statements in Item 8 of this Annual Report for complete statements of cash flows for those periods."}
{"_id": "d8caf365c", "title": "", "text": "| Unrecognized Tax Benefits 2019 2018 2017 | Balance at beginning of year | Additions for tax positions of the current year | Additions for tax positions of prior years | Reductions for tax positions of prior years | Settlements | Statute of limitations expiration | Foreign currency translation | Balance at End of Year |"}
{"_id": "d8e4b36e6", "title": "", "text": "| Successor | Year Ended   December 31,   2006 | % of | $ | (In millions) | North America | Europe/Africa | Asia/Australia | Rest of World | Price Range | High | 2006 | Quarter ended March 31, 2006 | Quarter ended June 30, 2006 | Quarter ended September 30, 2006 | Quarter ended December 31, 2006 | 2005 | Quarter ended March 31, 2005 | Quarter ended June 30, 2005 | Quarter ended September 30, 2005 | Quarter ended December 31, 2005 |"}
{"_id": "d89eb897a", "title": "", "text": "In March 2008, the FASB issued guidance which requires entities to provide greater transparency about (a) how and why an entity uses derivative instruments, (b) how derivative instruments and related hedged items are accounted, and (c) how derivative instruments and related hedged items affect an entity’s financial position, results of operations, and cash flows.\nThis guidance was effective on January 1, 2009.\nThe adoption of this guidance did not have a material impact on our consolidated financial statements."}
{"_id": "d82cf6846", "title": "", "text": "| Date Property City, State Gross Leasable Area Purchase Price | (In square feet) | March 1 | 551,000 | $47.5 | March 31 | Westgate Mall |"}
{"_id": "d82384e3e", "title": "", "text": "| Sales Order Backlog As of September 30, | Homes in Backlog | 2011 | East | Midwest | Southeast | South Central | Southwest | West | 4,854 | Homes Closed and Home Sales Revenue Fiscal Year Ended September 30, | Homes Closed | 2011 | East | Midwest | Southeast | South Central | Southwest | West | 16,695 |"}
{"_id": "d8bec3d96", "title": "", "text": "| December 31, 2015 December 31, 2014 | Dollars in millions | Total assets | Total assets at fair value as a percentage of consolidated assets | Level 3 assets as a percentage of total assets at fair value | Level 3 assets as a percentage of consolidated assets | Total liabilities | Total liabilities at fair value as a percentage of consolidated liabilities | Level 3 liabilities as a percentage of total liabilities at fair value | Level 3 liabilities as a percentage of consolidated liabilities |"}
{"_id": "d8ca743a2", "title": "", "text": "| Years Ended December 31, | 2012 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d8b992a2a", "title": "", "text": "| December 31, 2017 December 31, 2016 | (in millions) | Securities Available for Sale | U.S. Treasury and other | State and political subdivisions | Mortgage-backed securities: | Federal agencies and U.S. government sponsored entities | Other/non-agency | Total mortgage-backed securities | Total debt securities available for sale | Marketable equity securities | Other equity securities | Total equity securities available for sale | Total securities available for sale | Securities Held to Maturity | Mortgage-backed securities: | Federal agencies and U.S. government sponsored entities | Other/non-agency | Total securities held to maturity | Other Investment Securities, at Fair Value | Money market mutual fund | Other investments | Total other investment securities, at fair value | Other Investment Securities, at Cost | Federal Reserve Bank stock | Federal Home Loan Bank stock | Other equity securities | Total other investment securities, at cost |"}
{"_id": "d8c258f74", "title": "", "text": "| December 31, 2009 Credit exposure % of credit portfolio Criticized exposure Nonperforming loans % of nonperforming loans to total loans (b) Net charge-offs/ (recoveries) % of net charge-offs to total loans(b) | (in millions, except ratios) | Commercial real estate subcategories | Multi-family | Commercial lessors | Commercial construction and development | Other(a) | Total commercial real estate |"}
{"_id": "d8dbcea4e", "title": "", "text": "| % of Total | $ Change (In millions) | Institutional | Individual | International | Auto & Home | Corporate & Other | Total change |"}
{"_id": "d87914188", "title": "", "text": "For further discussion of the companys gas operating revenues and its gas results, see Results of Operations in Item 7.\nFor additional segment information, see Note N to the financial statements in Item 8"}
{"_id": "d89f40870", "title": "", "text": "| Years Ended December 31, | 2012 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income (loss) | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest and debt expense | General and administrative expense | Total expenses | Operating loss |"}
{"_id": "d8f57dfda", "title": "", "text": "| Year Ended September 30, | 2010 | (in 000’s) | Revenues: | Interest | Other | Total Revenues | Interest Expense | Net (Expense) Revenues | Non-Interest Expenses | Net Loss Including Noncontrolling Interests | Net Loss Attributable to Noncontrolling Interests | Net (Loss) Income Attributable to RJF |"}
{"_id": "d8130c674", "title": "", "text": "| Three months ended | March 31 | (in millions, except per share amounts) | 2005 | Total revenues | Total benefits and expenses | Income from continuing operations before income taxes, extraordinary gain on acquisition and cumulative effect of accountingchange | Net income | Basic income from continuing operations before extraordinary gain on acquisition and cumulative effect of accounting change pershare—Common Stock-1 | Diluted income from continuing operations before extraordinary gain on acquisition and cumulative effect of accounting change pershare—Common Stock-1 | Basic net income per share—Common Stock-1 | Diluted net income per share—Common Stock-1 | Basic and diluted net income (loss) per share—Class B Stock | 2004 | Total revenues | Total benefits and expenses | Income from continuing operations before income taxes, extraordinary gain on acquisition and cumulative effect of accountingchange | Net income | Basic income from continuing operations before extraordinary gain on acquisition and cumulative effect of accounting change pershare—Common Stock-1 | Diluted income from continuing operations before extraordinary gain on acquisition and cumulative effect of accounting change pershare—Common Stock-1 | Basic net income per share—Common Stock-1 | Diluted net income per share—Common Stock-1 | Basic and diluted net income per share—Class B Stock |"}
{"_id": "d8a6353c4", "title": "", "text": "| Year Ended December 31 2018 over 2017 2017 over 2016 | ($ in millions) | Sales and Service Revenues | Ingalls | Newport News | Technical Solutions | Intersegment eliminations | Sales and service revenues | Operating Income | Ingalls | Newport News | Technical Solutions | Segment operating income | Non-segment factors affecting operating income | Operating FAS/CAS Adjustment | Non-current state income taxes | Operating income |"}
{"_id": "d8f193e56", "title": "", "text": "| 2007 2006 2005 | Fixed-rate debt as a percent of totaldebt-2,3 | Weighted-average annual interest rate of total debt | Foreign currency-denominated debt as a percent oftotal debt-2,3 | Total debt as a percent of total capitalization(total debt and total shareholders’ equity)(2) | Cash provided by operations as a percent of totaldebt-2 |"}
{"_id": "d8f44f7b2", "title": "", "text": "| Year ended December 31 Net Income (a) Revenue Average Assets (a) (b) | In millions | Retail Banking | Corporate & Institutional Banking | Asset Management Group | Residential Mortgage Banking | BlackRock | Non-Strategic Assets Portfolio | Total business segments | Other (c) (d) (e) | Total |"}
{"_id": "d86155b46", "title": "", "text": "| Years Ended December 31, | 2006 | (In millions) | Direct premiums | Reinsurance assumed | Reinsurance ceded | Net premiums | Reinsurance recoverables netted against policyholder benefits and claims |"}
{"_id": "d8c2c6cfe", "title": "", "text": "Level 3 assets analysis Level 3 assets (including assets measured at the lower of cost or fair value) were 5% of total Firm assets at December 31, 2007.\nThese assets increased during 2007 principally during the second half of the year, when liquidity in mortgages and other credit products fell dramatically.\nThe increase was primarily due to an increase in leveraged loan balances within level 3 as the ability of the Firm to syndicate this risk to third parties became limited by the credit environment.\nIn addition, there were transfers from level 2 to level 3 during 2007.\nThese transfers were principally for instruments within the mortgage market where inputs which are significant to their valuation became unobservable during the year.\nSubprime and Alt-A whole loans, subprime home equity securities, commercial mortgage-backed mezzanine loans and credit default swaps referenced to asset-backed securities constituted the majority of the affected instruments, reflecting a significant decline in liquidity in these instruments in the third and fourth quarters of 2007, as new issue activity was nonexistent and independent pricing information was no longer available for these assets."}
{"_id": "d8f3eb24e", "title": "", "text": "| Credit Card | (Dollars in millions) | For the Year Ended December 31 | Cash proceeds from new securitizations | Gains on securitizations | Collections reinvested in revolving period securitizations | Cash flows received on residual interests | At December 31 | Principal balance outstanding-1 | Senior securities held-2 | Subordinated securities held-3 | Other subordinated or residual interests held-4 |"}
{"_id": "d8a971cea", "title": "", "text": "| 2010 2009 2008 | Equity incentive plan awards | Weighted average expected term of options in years | Weighted average expected volatility of the Company’s underlying common stock | Risk-free interest rate | Expected dividend yield | Weighted average grant date fair value-stock options | Weighted average grant date fair value-restricted stock awards and restricted stock units | ESPP | Expected term in years | Weighted average expected volatility of the Company’s underlying common stock | Risk-free interest rate | Expected dividend yield | Weighted average fair value | Shares | Outstanding at December 31, 2009 | Granted | Exercised | Forfeited | Expired | Outstanding at December 31, 2010 | Vested and expected to vest at December 31, 2010 | Exercisable at December 31, 2010 |"}
{"_id": "d8f047fac", "title": "", "text": "| 2005 2004 2003 | Sales (millions) | Sales change analysis: | Local currency (volume and price) | Translation | Total sales change | Operating income (millions) | Percent change | Percent of sales |"}
{"_id": "d811439c8", "title": "", "text": "Operating Earnings N&SS operating earnings increased by $171 million in 2008 was primarily due to increased earnings from our investment in ULA.\nThe decrease in 2007 was due to lower earnings on FCS and several satellite programs.\nThese decreases were partially offset by higher award fees on GMD and a $44 million gain on sale of a property in Anaheim.\nN&SS operating earnings include equity earnings of $73 million, $85 million and $71 million from the United Space Alliance joint venture in 2008, 2007, and 2006, respectively and equity earnings of $105 million, a loss of $11 million and equity earnings of $5 million from the ULA joint venture in 2008, 2007 and 2006, respectively.\nThe ULA equity earnings and loss amounts are net of the basis difference amortization."}
{"_id": "d8ca7432a", "title": "", "text": "| 2012 2011 | (in billions) | Beginning balance | Net flows | Market appreciation (depreciation) and other | Ending balance | Average balance-1 |"}
{"_id": "d85dd99f4", "title": "", "text": "Shareowner Return Performance Graph The following Performance Graph and related information shall not be deemed \n“soliciting material” or to be “filed” with the Securities and Exchange Commission, nor shall such information be incorporated by reference into any future filing under the Securities Act of 1933 or Securities Exchange Act of 1934, each as amended, except to the extent that the Company specifically incorporates it by reference into such filing.\nThe following graph shows a five-year comparison of cumulative total shareowners’ returns for our class B common stock, the S&P 500 Index, and the Dow Jones Transportation Average.\nThe comparison of the total cumulative return on investment, which is the change in the quarterly stock price plus reinvested dividends for each of the quarterly periods, assumes that $100 was invested on December 31, 2001 in the S&P 500 Index, the Dow Jones Transportation Average, and the class B common stock of United Parcel Service, Inc."}
{"_id": "d884dad00", "title": "", "text": "(1) Gross revenue yield on AUM is equal to annualized total operating revenues divided by average AUM, excluding joint venture (JV) AUM.\nOur share of the average AUM in 2011 for our JVs in China was $3.3 billion (2010: $3.6 billion, 2009: $3.7 billion).\nIt is appropriate to exclude the average AUM of our JVs for purposes of computing gross revenue yield on AUM, because the revenues resulting from these AUM are not presented in our operating revenues.\nUnder U. S.  GAAP, our share of the pre-tax earnings of the JVs is recorded as equity in earnings of unconsolidated affiliates on our Consolidated Statements of Income.\n(2) Net revenue yield on AUM is equal to annualized net revenues divided by average AUM.\nSee “Schedule of Non-GAAP Information” for a reconciliation of operating revenues to net revenues."}
{"_id": "d8e77afe6", "title": "", "text": "Certain structured liabilities The Company has elected the fair-value option for certain structured liabilities whose performance is linked to structured interest rates, inflation or currency risks (structured liabilities).\nThe Company elected the fair-value option, because these exposures are considered to be trading-related positions and, therefore, are managed on a fair-value basis.\nThese positions will continue to be classified as debt, deposits or derivatives (Trading account liabilities) on the Companys Consolidated Balance Sheet according to their legal form.\nFor those structured liabilities classified as Long-term debt for which the fair-value option has been elected, the aggregate unpaid principal balance exceeds the aggregate fair value of such instruments by $277 million as of December 31, 2008 and $7 million as of December 31, 2007.\nThe change in fair value for these structured liabilities is reported in Principal transactions in the Companys Consolidated Statement of Income.\nRelated interest expense is measured based on the contractual interest rates and reported as such in the Consolidated Income Statement."}
{"_id": "d86e6deaa", "title": "", "text": "| December 31, 2009 December 31, 2008 | Amortized cost | (in millions) | Lowest agency rating | AAA | AA | A | BBB | BB and below | Total by lowest agency rating | Vintage | 2003 and prior | 2004 | 2005 | 2006 -1 | 2007 -1 | 2008 | 2009 -2 | Total by vintage |"}
{"_id": "d8259f35e", "title": "", "text": "| In millions 2009 2008 2007 | Balance of gross unrecognized tax benefits at January 1 | Increases: | Positions taken during a prior period | Positions taken during the current period | Decreases: | Positions taken during a prior period | Settlements with taxing authorities | Reductions resulting from lapse of statute of limitations | Balance of gross unrecognized tax benefits at December 31 |"}
{"_id": "d86338134", "title": "", "text": "| Other Commitments (a) Amount Of Commitment Expiration By Period | December 31, 2011 – in millions | Net unfunded credit commitments | Standby letters of credit (b) | Reinsurance agreements (c) | Other commitments (d) | Total commitments |"}
{"_id": "d8ae060da", "title": "", "text": "European Papers net sales in 2012 were $1.4 billion compared with $1.4 billion in 2011 and $1.3 billion in 2010.\nOperating profits in 2012 were $179 million compared with $196 million ($207 million excluding asset impairment charges related to our Inverurie, Scotland mill which was closed in 2009) in 2011 and $197 million ($199 million excluding an asset impairment charge) in 2010.\nSales volumes in 2012 compared with 2011 were higher for uncoated freesheet paper in both Europe and Russia, while sales volumes for pulp were lower in both regions.\nAverage sales price realizations for uncoated"}
{"_id": "d8c9cf758", "title": "", "text": "| (Amounts in millions) 2013 2012 Change | External net sales | Intersegment net sales | Segment net sales | Cost of goods sold | Gross profit | Operating expenses | Segment operating earnings |"}
{"_id": "d8822daf8", "title": "", "text": "Product Sales Our product sales represent about 80% of our net sales for both 2012 and 2011.\nProduct sales increased $892 million, or 2% in 2012 compared to 2011 due to production volume and deliveries, as well as higher risk retirements on certain programs.\nProduct sales increased about $555 million at Aeronautics (e. g. , F-35 LRIP contracts, F-16 deliveries); about $510 million at MST (e. g. , ship and aviation system programs); about $225 million at Space Systems (e. g. , commercial satellites, Orion Multi-Purpose Crew Vehicle (Orion) program); and about $100 million at MFC (e. g. , tactical missile programs and air and missile defense programs).\nThese increases partially were offset by lower product sales of about $495 million at IS&GS (e. g. , Joint Tactical Radio System (JTRS), U. K.  Census).\nOur product sales represent about 80% of our net sales for both 2011 and 2010.\nProduct sales increased $545 million, or 1%, in 2011 compared to 2010 due to production volume and deliveries, as well as higher risk retirements on certain programs.\nProduct sales increased about $1.2 billion at Aeronautics (e. g. , F-35 LRIP contracts, C-130 programs) and about $320 million at MFC (e. g. , air and missile defense programs).\nThese increases partially were offset by lower product sales of about $700 million at IS&GS (e. g. , Decennial Response Integration System (DRIS) program that supported the 2010 U. S.  census, JTRS); about $260 million at MST (e. g. , ship and aviation system programs); and about $60 million at Space Systems (e. g. , Orion program and the National Aeronautics and Space Administration (NASA) External Tank program)."}
{"_id": "d815c51b8", "title": "", "text": "| Criticized Commercial Loans | In millions | December 31, 2012 | Commercial | Commercial real estate | Equipment lease financing | Purchased impaired loans | Total commercial lending (f) | December 31, 2011 | Commercial | Commercial real estate | Equipment lease financing | Purchased impaired loans | Total commercial lending (f) |"}
{"_id": "d8ad8a1d8", "title": "", "text": "g.  Grant Accounting Certain of the Companys foreign subsidiaries have received various grants from governmental agencies.\nThese grants include capital, employment and research and development grants.\nCapital grants for the acquisition of property and equipment are netted against the related capital expenditures and amortized as a credit to depreciation expense over the useful life of the related asset.\nEmployment grants, which relate to employee hiring and training, and research and development grants are recognized in earnings in the period in which the related expenditures are incurred by the Company."}
{"_id": "d8aab436e", "title": "", "text": "| Percent Change | Year Ended December 31, | (In millions except percentages and per share data) | NET OPERATING REVENUES | Cost of goods sold | GROSS PROFIT | GROSS PROFIT MARGIN | Selling, general and administrative expenses | Other operating charges | OPERATING INCOME | OPERATING MARGIN | Interest income | Interest expense | Equity income (loss) — net | Other income (loss) — net | INCOME BEFORE INCOME TAXES | Income taxes | Effective tax rate | CONSOLIDATED NET INCOME | Less: Net income attributable to noncontrolling interests | NET INCOME ATTRIBUTABLE TO SHAREOWNERS OFTHE COCA-COLA COMPANY | BASIC NET INCOME PER SHARE1 | DILUTED NET INCOME PER SHARE1 |"}
{"_id": "d8b4e94ce", "title": "", "text": "| 2014 2013 2012 | Additions to plant and equipment | Acquisitions, less cash acquired | Investments in and advances to unconsolidated affiliates | Capital Expenditures on a GAAP Basis | Capital lease expenditures(A) | Purchase of noncontrolling interests in asubsidiary(A) | Capital Expenditures on a Non-GAAP Basis |"}
{"_id": "d8140c344", "title": "", "text": "| Total Return-1 |"}
{"_id": "d88fc64e4", "title": "", "text": "Potential events or circumstances that could have a negative effect on estimated fair value include the risks of inadequate diversification and other operating risks.\nTo mitigate these risks, investments are diversified across and within asset classes in support of investment objectives.\nPolicies and practices to address operating risks include ongoing manager oversight, plan and asset class investment guidelines and instructions that are communicated to managers, and periodic compliance and audit reviews to ensure adherence to these policies.\nIn addition, the Company periodically seeks the input of its independent advisor to ensure the investment policy is appropriate.\nOther The Company sponsors certain post-retirement benefit plans that provide medical, dental and life insurance coverage for eligible retirees and dependents in the United States based upon age and length of service.\nThe aggregate present value of the unfunded accumulated post-retirement benefit obligation was $13 million at both December 31, 2010 and 2009.\nCash Flows At December 31, 2010, the Company expected to contribute approximately $30 million to $35 million to its qualified defined-benefit pension plans to meet ERISA requirements in 2011.\nThe Company also expected to pay benefits of $3 million and $10 million to participants of its unfunded foreign and non-qualified (domestic) defined-benefit pension plans, respectively, in 2011.\nAt December 31, 2010, the benefits expected to be paid in each of the next five years, and in aggregate for the five years thereafter, relating to the Company’s defined-benefit pension plans, were as follows, in millions:"}
{"_id": "d81c79982", "title": "", "text": "| Period (a)(b) Total Number of Shares Purchased Average Price Paid Per Share (c)(d) Total Number of Shares Purchased as part of Publicly Announced Plans or Programs(1) Approximate Dollar Value of Shares that May Yet Be Purchased Under the Plans or Programs-1 | October 1 to October 31, 2013 | Share repurchase program-1 | Employee transactions-2 | November 1 to November 30, 2013 | Share repurchase program-1 | Employee transactions-2 | December 1 to December 31, 2013 | Share repurchase program-1 | Employee transactions-2 | Totals | Share repurchase program-1 | Employee transactions-2 | 3,808,453 |"}
{"_id": "d8a813af6", "title": "", "text": "| December 31 | (Dollars in millions) | Consumer | Residential mortgage | Home equity | Discontinued real estate | Direct/Indirect consumer | Other consumer | Total consumer-2 | Commercial | U.S. commercial | Commercial real estate | Commercial lease financing | Non-U.S. commercial | 3,109 | U.S. small business commercial | Total commercial-3 | Total nonperforming loans and leases | Foreclosed properties | Total nonperforming loans, leases and foreclosed properties |"}
{"_id": "d857774d0", "title": "", "text": "| For the Years Ended December 31, | 2009 | Estimated | Carrying | Value Prior to | Impairment | (In millions) | Mortgage loans -1: | Held-for-investment | Held-for-sale | Mortgage loans, net | Other limited partnership interests -2 | Real estate joint ventures -3 |"}
{"_id": "d8e675a6a", "title": "", "text": "Company Stock Performance The following graph shows a comparison of cumulative total shareholder return, calculated on a dividend reinvested basis, for the Company, the S&P 500 Index, the S&P Information Technology Index and the Dow Jones U. S.  Technology Supersector Index for the five years ended September 30, 2017.\nThe graph assumes $100 was invested in each of the Companys common stock, the S&P 500 Index, the S&P Information Technology Index and the Dow Jones U. S.  Technology Supersector Index as of the market close on September 28, 2012.\nNote that historic stock price performance is not necessarily indicative of future stock price performance."}
{"_id": "d8e99e4a8", "title": "", "text": "| December 31, 2009 December 31,2008 | In millions | Assets (a) | Liabilities |"}
{"_id": "d88cc7edc", "title": "", "text": "Credit Card Securitizations The Corporation securitizes originated and purchased credit card loans.\nThe Corporations continuing involvement with the securitization trusts includes servicing the receivables, retaining an undivided interest (sellers interest) in the receivables, and holding certain retained interests including senior and subordinate securities, discount receivables, subordinate interests in accrued interest and fees on the securitized receivables, and cash reserve accounts.\nThe Corporation consolidated all credit card securitization trusts on January 1, 2010 in accordance with new consolidation guidance.\nCertain retained interests, including senior and subordinate securities, were eliminated in consolidation.\nThe sellers interest in the trusts, which is pari passu to the investors interest, and the discount receivables continue to be classified in loans and leases.\nThe table below summarizes select information related to credit card securitization trusts in which the Corporation held a variable interest at December 31, 2010 and 2009."}
{"_id": "d894207d8", "title": "", "text": "Table of Contents primarily to certain undistributed foreign earnings for which no U. S.  taxes are provided because such earnings are intended to be indefinitely reinvested outside the U. S.  The lower effective tax rate in 2010 as compared to 2009 is due primarily to an increase in foreign earnings on which U. S.  income taxes have not been provided as such earnings are intended to be indefinitely reinvested outside the U. S.  As of September 25, 2010, the Company had deferred tax assets arising from deductible temporary differences, tax losses, and tax credits of $2.4 billion, and deferred tax liabilities of $5.0 billion.\nManagement believes it is more likely than not that forecasted income, including income that may be generated as a result of certain tax planning strategies, together with future reversals of existing taxable temporary differences, will be sufficient to fully recover the deferred tax assets.\nThe Company will continue to evaluate the realizability of deferred tax assets quarterly by assessing the need for and amount of a valuation allowance.\nThe Internal Revenue Service (the IRS) has completed its field audit of the Companys federal income tax returns for the years 2004 through 2006 and proposed certain adjustments.\nThe Company has contested certain of these adjustments through the IRS Appeals Office.\nThe IRS is currently examining the years 2007 through 2009.\nAll IRS audit issues for years prior to 2004 have been resolved.\nDuring the third quarter of 2010, the Company reached a tax settlement with the IRS for the years 2002 through 2003.\nIn addition, the Company is subject to audits by state, local, and foreign tax authorities.\nManagement believes that adequate provision has been made for any adjustments that may result from tax examinations.\nHowever, the outcome of tax audits cannot be predicted with certainty.\nIf any issues addressed in the Companys tax audits are resolved in a manner not consistent with managements expectations, the Company could be required to adjust its provision for income taxes in the period such resolution occurs."}
{"_id": "d8664f8cc", "title": "", "text": "| Stock Options 2012 2011 2010 | Options granted (in thousands) | Weighted-average exercise price | Weighted-average grant-date fair value | Assumptions: | Weighted-average expected volatility | Weighted-average expected term (in years) | Weighted-average risk-free interest rate | Weighted-average expected dividend yield |"}
{"_id": "d88fc6660", "title": "", "text": "2011 compared to 2010 Net interest income from our Global commercial Bank (“GCB”) increased by $77.5 million in 2011, primarily due to a $57.4 million increase in loan interest income resulting mainly from an increase in average loan balances and a $31.0 million increase in the FTP earned for deposits due to significant deposit growth.\nThese increases were partially offset by a $28.6 million decrease in the FTP earned for deposits due to decreases in market interest rates.\nWe had a provision for loan losses for GCB of $13.5 million in 2011, compared to a provision of $42.4 million in 2010.\nThe provision of $13.5 million in 2011 was primarily due to an increase in the allowance for the increase in period-end loan balances, partially offset by a decrease in the allowance for our performing loans due to the strong overall credit quality of our clients.\nNoninterest income increased by $13.6 million in 2011, primarily due to an increase in foreign exchange fees and credit card fees.\nThe increase in foreign exchange fees was primarily due to improving business conditions for our clients and increased volatility in foreign markets, which has resulted in higher commissioned notional volumes.\nCommissioned notional volumes increased to $9.3 billion in 2011, compared to $6.7 billion in 2010.\nThe increase in credit card fees was primarily due to the addition of new credit card clients, as well as an increase in client activity.\nThe $23.5 million increase of gains on derivative instruments, net in 2013 compared to 2012 was primarily due to the following: Net gains on equity warrant assets of $46.1 million in 2013 , compared to net gains of $19.4 million in 2012.\nThe $26.7 million increase was primarily due to net gains from warrant valuations of $37.8 million from both private and public clients, of which $14.2 million in gains resulted from increases in valuations of FireEye and Twitter, compared to $10.9 million in 2012.\nForeign Exchange Fees Foreign exchange fees represent the income differential between purchases and sales of foreign currency on behalf of our clients and offsetting trades with correspondent banks.\nForeign exchange fees were $71.7 million in 2014 , compared to $57.4 million and $52.4 million in 2013 and 2012 , respectively.\nThe increases were primarily due to increased utilization of foreign currency products by our clients, resulting in an increase in the number of trades and commissioned notional values.\nCredit Card Fees Credit card fees were $41.8 million in 2014 , compared to $32.5 million and $24.8 million in 2013 and 2012 , respectively.\nCustom payment solutions primarily utilize virtual cards for clients with high volume payment processing needs.\nDeposit Service Charges Deposit service charges were $39.9 million in 2014 , compared to $35.9 million and $33.4 million in 2013 and 2012 , respectively.\nLending Related Fees Lending related fees were $25.7 million in 2014 , compared to $21.0 million and $18.0 million in 2013 and 2012 , respectively.\nClient Investment Fees We offer a variety of investment products on which we earn fees.\nClient investment fees were $14.9 million in 2014 , compared to $14.0 million and $14.5 million in 2013 and 2012 , respectively.\nThe nominal increase from 2013 to 2014 was reflective of an increase in average client investment funds partially offset by lower margins earned on certain products due to low rates in the short-term fixed income markets.\nThe increase in average client investment funds was driven by our clients’ increased utilization of our off-balance sheet products managed by SVB Asset Management, as well as our cash sweep product.\nThe following table summarizes average client investment funds for 2014 , 2013 and 2012 :"}
{"_id": "d81e4fc98", "title": "", "text": "| Year ended December 31, (in millions) 2010 2009 | Debt securities the Firm does not intend tosell that have credit losses | Total other-than-temporary impairmentlosses(a) | Losses recorded in/(reclassified from)other comprehensive income | Credit losses recognized in income(b)(c) |"}
{"_id": "d8ba2e3a8", "title": "", "text": "| (millions) 2015 2014 2013 | Beginning balance | Bad debt expense | Write-offs | Other (a) | Ending balance | Asset derivatives | In millions | Derivatives designated as hedging instruments | Foreign currency options | Interest rate exchange agreements | Forward foreign currency exchange agreements | Foreign currency options | Interest rate exchange agreements | Total derivatives designated ashedging instruments | Derivatives not designated as hedging instruments | Forward foreign currency exchange agreements | Derivatives hedging supplemental benefit plan liabilities | Foreign currency exchange agreements | Total derivatives not designated as hedging instruments | Total derivatives(1) | For Fiscal Year | 2019 | Numerator: | Numerator for basic and diluted net income (loss) per share — net income (loss) available to common stockholders | Denominator: | Denominator for basic net income (loss) per share — weighted average shares | Effect of dilutive securities: | Stock-based awards | Denominator for diluted net income (loss) per share — adjusted weighted average shares and assumed conversions | Basic net income (loss) per share | Diluted net income (loss) per share |"}
{"_id": "d8a0f7b64", "title": "", "text": "| Description BorrowingCapacity MaturityDate Outstandingat December 31, 2008 | Unsecured Line of Credit – DRLP | Unsecured Line of Credit – Consolidated Subsidiary |"}
{"_id": "d8f767cb0", "title": "", "text": "| Year Gallons Hedged Weighted Average ContractPrice per Gallon | 2017 | 2018 |"}
{"_id": "d85de8c9c", "title": "", "text": "| At December 31, | (Dollars in millions) | Balance at beginning of year | Liabilities assumed | Adjustments to reserves | Benefits paid in the current year | Balance at end of year | (Some amounts may not reconcile due to rounding.) | At December 31, 2018 | (Dollars in millions) | U.S. Reinsurance | International | Bermuda | Insurance | Total excluding A&E | A&E | Total including A&E | (Some amounts may not reconcile due to rounding.) | At December 31, 2017 | (Dollars in millions) | U.S. Reinsurance | International | Bermuda | Insurance | Total excluding A&E | A&E | Total including A&E | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d87e2e5ce", "title": "", "text": "ENTERGY NEW ORLEANS, INC.  AND SUBSIDIARIES MANAGEMENT’S FINANCIAL DISCUSSION AND ANALYSIS Results of Operations Net Income 2016 Compared to 2015 Net income increased $3.9 million primarily due to higher net revenue, partially offset by higher depreciation and amortization expenses, higher interest expense, and lower other income.2015 Compared to 2014 Net income increased $13.9 million primarily due to lower other operation and maintenance expenses and higher net revenue, partially offset by a higher effective income tax rate.\nNet Revenue 2016 Compared to 2015 Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges.\nFollowing is an analysis of the change in net revenue comparing 2016 to 2015."}
{"_id": "d8a5d664e", "title": "", "text": "| Dec. 31, 2009 | Level 1 | (Thousands of Dollars) | Assets | Nuclear decommissioning fund | Cash equivalents | Debt securities | Equity securities | Commodity derivatives | Total | Liabilities | Commodity derivatives | Total |"}
{"_id": "d85eb4464", "title": "", "text": "BABY, FEMININE & FAMILY CARE\nFiscal year 2017 compared with fiscal year 2016 Baby, Feminine & Family Care net sales decreased 1% to $18.3 billion in 2017 on a 2% increase in unit volume.\nUnfavorable foreign exchange reduced net sales by 2%.\nLower pricing had a negative 1% impact on net sales.\nOrganic sales increased 1% on organic volume that increased 2%.\nGlobal market share of the Baby, Feminine & Family Care segment decreased 0.1 points.\nVolume increased low single digits in developed regions and was unchanged in developing regions.  ?\nVolume in Baby Care was unchanged.\nVolume in developed regions decreased low single digits, primarily due to competitive activity, and volume in developing regions increased low single digits, due to market growth and product innovation.\nGlobal market share of the baby care category decreased more than half a point.  ?\nVolume in Feminine Care increased low single digits.\nVolume in developed regions increased low single digits, driven by product innovation, and volume in developing regions decreased low single digits due to competitive activity and reduced exports to our Venezuelan subsidiaries.\nGlobal market share of the feminine care category was unchanged.  ?\nVolume in Family Care, which is predominantly a North American business, increased mid-single digits driven by product innovation and increased merchandising.\nIn the U. S. , all-outlet share of the family care category increased less than a point.\nQorvo, Inc.  and Subsidiaries Annual Report on Form 10-K 2018 Notes to Consolidated Financial Statements $0.7 million as of March 31, 2018 and April 1, 2017, respectively, and are included in Other current assets and Accrued liabilities in the Consolidated Balance Sheets.\nThe non-current portion of the deferred compensation obligation and fair value of the assets held in the rabbi trust were $13.3 million and $9.5 million as of March 31, 2018 and April 1, 2017, respectively, and are included in Other non-current assets and Other long-term liabilities in the Consolidated Balance Sheets.10.\nCOMMITMENTS AND CONTINGENT LIABILITIES The Company leases certain of its corporate, wafer fabrication and other facilities from multiple third-party real estate developers.\nThe operating leases expire at various dates through 2034, and some of these leases have renewal options, with the longest ranging up to two, ten-year periods.\nSeveral of these leases also include market rate rent escalations, rent holidays, and leasehold improvement incentives, all of which are recognized to expense on a straight-line basis.\nThe amortization period of leasehold improvements made either at the inception of the lease or during the lease term is amortized over the lesser of the remaining life of the lease term (including renewals that are reasonably assured) or the useful life of the asset.\nThe Company also leases various machinery and equipment and office equipment under non-cancelable operating leases.\nThe remaining terms of these operating leases range from less than one year to approximately four years.\nAs of March 31, 2018, the total future minimum lease payments related to facility and equipment operating leases was approximately $68.6 million.\nIn the fourth quarter of fiscal 2018, the Company entered into a capital lease for a facility in Beijing, China that will allow the Company to consolidate several leased facilities as well as provide additional manufacturing space.\nThe lease term is expected to commence in fiscal 2020 and therefore is not recorded on the Consolidated Balance Sheet as of March 31, 2018.\nThe initial term of the lease is five years.\nThe lease includes multiple renewal options, and the maximum lease term cannot exceed 30 years.\nMinimum future lease payments under non-cancelable operating and capital leases as of March 31, 2018, are as follows (in thousands):"}
{"_id": "d87e41e8a", "title": "", "text": "(b) Includes $14 million recorded in Other current assets and $2 million recorded in Deferred charges and other assets in the accompanying consolidated balance sheet.\n(c) Included in Other accrued liabilities in the accompanying consolidated balance sheet.\n(d) Includes $4 million recorded in Other accrued liabilities and $3 million recorded in Other liabilities in the accompanying consolidated balance sheet.\nThe above contracts are subject to enforceable master netting arrangements that provide rights of offset with each counterparty when amounts are payable on the same date in the same currency or in the case of certain specified defaults.\nManagement has made an accounting policy election to not offset the fair value of recognized derivative assets and derivative liabilities in the consolidated balance sheet.\nThe amounts owed to the counterparties and owed to the Company are considered immaterial with respect to each counterparty and in the aggregate with all counterparties.\nCredit-Risk-Related Contingent Features International Paper evaluates credit risk by monitoring its exposure with each counterparty to ensure that exposure stays within acceptable policy limits.\nCredit risk is also mitigated by contractual provisions with the majority of our banks.\nCertain of the contracts include a credit support annex that requires the posting of collateral by the counterparty or International Paper based on each partys rating and level of exposure.\nBased on the Companys current credit rating, the collateral threshold is generally $15 million.\nIf the lower of the Companys credit rating by Moodys or S&P were to drop below investment grade, the Company would be required to post collateral for all of its derivatives in a net liability position, although no derivatives would terminate.\nThe fair values of derivative instruments containing credit-risk-related contingent features in a net liability position were $1 million as of December 31, 2015 and December 31, 2014, respectively.\nThe Company was not required to post any collateral as of December 31, 2015 or 2014.\nNOTE 15 CAPITAL STOCK The authorized capital stock at both December 31, 2015 and 2014, consisted of 990,850,000 shares of common stock, $1 par value; 400,000 shares of cumulative $4 preferred stock, without par value (stated value $100 per share); and 8,750,000 shares of serial preferred stock, $1 par value.\nThe serial preferred stock is issuable in one or more series by the Board of Directors without further shareholder action.\nThe following is a rollforward of shares of common stock for the three years ended December 31, 2015, 2014 and 2013:"}
{"_id": "d814f5a26", "title": "", "text": "| December 31, 2009 On-balance sheet loans Nonperforming on-balance sheet loans(d) | Restructured residential real estate loans – excludingpurchased credit-impaired loans(b) | Home equity – senior lien | Home equity – junior lien | Prime mortgage | Subprime mortgage | Option ARMs | Total restructured residential real estate loans – excluding purchased credit-impaired loans | Restructured purchased credit-impaired loans(c) | Home equity | Prime mortgage | Subprime mortgage | Option ARMs | Total restructured purchased credit-impaired loans | December 31, (in millions, except ratios) | Allowance for loan losses | Less: Allowance for purchased credit-impaired loans | Adjusted allowance for loan losses | Total loans retained | Less: Firmwide purchased credit-impaired loans | Loans held by the Washington Mutual Master Trust | Adjusted loans | Allowance for loan losses to ending loans excluding purchased credit-impaired loans and loans held by the Washington Mutual Master Trust |"}
{"_id": "d834c520c", "title": "", "text": "| (Millions) 2013 2012 2011 | Balance at January 1 | Additions based on tax positions related to the current year | Additions for tax positions of prior years | Reductions for tax positions of prior years | Pre-acquisition unrecognized tax benefits | Reductions for expiration of the applicable statute of limitations | Settlements | Foreign currency translation | Balance at December 31 |"}
{"_id": "d8c6c167e", "title": "", "text": "| Years Ended December 31, | 2016 | Weighted- | Average | Grant Date | Restricted (non-vested) Shares | Outstanding at January 1, | Granted | Vested | Forfeited | Outstanding at December 31, |"}
{"_id": "d898217a6", "title": "", "text": "| Final Purchase Price Allocation (In thousands) | Tangible assets | Prepaid compensation costs | Other noncurrent assets -1 | Acquisition intangibles | In-process research and development | Goodwill | Total assets acquired | Current liabilities | Long-term liabilities -2 | Net assets acquired |"}
{"_id": "d8f4c3c0c", "title": "", "text": "Downgrades of the Firms long-term ratings by one or two notches could result in an increase in its cost of funds, and access to certain funding markets could be reduced as noted above.\nThe nature and magnitude of the impact of ratings downgrades depends on numerous contractual and behavioral factors (which the Firm believes are incorporated in its liquidity risk and stress testing metrics).\nThe Firm believes that it maintains sufficient liquidity to withstand a potential decrease in funding capacity due to ratings downgrades.\nJPMorgan Chases unsecured debt does not contain requirements that would call for an acceleration of payments, maturities or changes in the structure of the existing debt, provide any limitations on future borrowings or require additional collateral, based on unfavorable changes in the Firms credit ratings, financial ratios, earnings, or stock price.\nCritical factors in maintaining high credit ratings include a stable and diverse earnings stream, strong capital ratios, strong credit quality and risk management controls, diverse funding sources, and disciplined liquidity monitoring procedures.\nRating agencies continue to evaluate economic and geopolitical trends, regulatory developments, future profitability, risk management practices, and litigation matters, as well as their broader ratings methodologies.\nChanges in any of these factors could lead to changes in the Firms credit ratings.\nIn May 2015, Moodys published its new bank rating methodology.\nAs part of this action, the Firms preferred stock, deposits and bank subordinated debt ratings were upgraded by one notch.\nAdditionally in May 2015, Fitch changed its bank ratings methodology, implementing ratings differentiation between bank holding companies and their bank subsidiaries.\nThis resulted in a one notch upgrade to the issuer ratings, senior debt ratings and longterm deposit ratings of JPMorgan Chase Bank, N. A. , and certain other subsidiaries.\nIn December 2015, S&P removed from its ratings for U. S.  GSIBs the uplift assumption due to extraordinary government support.\nAs a result, the Firms short-term and long-term senior unsecured debt ratings and its subordinated unsecured debt ratings were lowered by one notch.\nAlthough the Firm closely monitors and endeavors to manage, to the extent it is able, factors influencing its credit ratings, there is no assurance that its credit ratings will not be changed in the future."}
{"_id": "d88ea259a", "title": "", "text": "| 2014 2013 | Land | Buildings | Below Market Rents | Above Market Rents | In-Place Leases | Building Improvements | Tenant Improvements | Mortgage Fair Value Adjustment | Other Assets | Other Liabilities | $1,442,237 |"}
{"_id": "d8b7f7224", "title": "", "text": "BANK OF AMERICA CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements(Continued) Deposits The fair value for deposits with stated maturities was calculated by discounting contractual cash flows using current market rates for instruments with similar maturities.\nThe carrying value of foreign time deposits approximates fair value.\nFor deposits with no stated maturities, the carrying amount was considered to approximate fair value and does not take into account the significant value of the cost advantage and stability of the Corporations long-term relationships with depositors.\nThe book and fair values of certain financial instruments at December 31, 2005 and 2004 were as follows:"}
{"_id": "d8d232aee", "title": "", "text": "| Company Payments Volume  (billions) Total Volume  (billions) Total Transactions  (billions) Cards  (millions) | Visa Inc.-1 | MasterCard | American Express | Discover | JCB | Diners Club |"}
{"_id": "d8cf13bce", "title": "", "text": "(a) Gains and losses on commodity contracts are recorded in sales and cost of sales in the statement of earnings.\nVirtually all these expenses were passed through to our customers, resulting in no significant impact to earnings.\n(b) Losses on interest contracts are recorded in interest expense in the statement of earnings.\n(c) Gains and losses on inflation options are recorded in cost of sales in the statement of earnings.\n(d) Gains and losses on foreign currency contracts to hedge the sales of products are recorded in cost of sales.\nGains and losses on foreign currency hedges used for translation between segments are reflected in selling, general and administrative expenses in the consolidated statement of earnings.\n(e) Gains and losses on equity put option contracts are recorded in selling, general and administrative expenses in the consolidated statement of earnings.\nGovernment Contract Considerations Our contractual arrangements with the U. S.  government provide for the recovery of contributions to our pension and other post-retirement benefit plans covering employees working in our defense business groups.\nFor non-funded plans, our government contracts allow us to recover claims paid.\nFollowing payment, these recoverable amounts are allocated to contracts and billed to the customer in accordance with the Cost Accounting Standards (CAS) and specific contractual terms.\nFor some of these plans, the cumulative pension and post-retirement benefit cost exceeds the amount currently allocable to contracts.\nTo the extent recovery of the cost is considered probable based on our backlog and probable follow-on contracts, we defer the excess in contracts in process on the Consolidated Balance Sheets until the cost is allocable to contracts.\nSee Note G for discussion of our other contract costs.\nFor other plans, the amount allocated to contracts and included in revenues has exceeded the plans cumulative benefit cost.\nWe have deferred recognition of these excess earnings to provide a better matching of revenues and expenses.\nThese deferrals have been classified against the plan assets on the Consolidated Balance Sheets.\nIn late 2011, changes were made to the CAS to harmonize the regulations with the PPA.\nAs a result, pension costs allocable to our contracts are expected to increase beginning in 2014 when the full impact of the CAS regulations begins to take effect.\nFor certain contracts awarded prior to February 27, 2012, we are entitled to recovery of these additional pension costs from our customers.\nWe submitted REAs of approximately $165 for these contracts in the fourth quarter of 2012.\nDefined-benefit Retirement Plan Summary Financial Information Estimating retirement plan assets, liabilities and costs requires the extensive use of actuarial assumptions.\nThese include the long-term rate of return on plan assets, the interest rate used to discount projected benefit payments, healthcare cost trend rates and future salary increases.\nGiven the long-term nature of the assumptions being made, actual outcomes typically differ from these estimates.\nOur annual benefit cost consists of three primary elements: the cost of benefits earned by employees for services rendered during the year, an interest charge on our plan liabilities and an assumed return on our plan assets for the year.\nThe annual cost also includes gains and losses resulting from changes in actuarial assumptions, differences between the actual and assumed long-term rate of return on assets and gains and losses resulting from changes we make to plan benefit terms.\nWe recognize an asset or liability on the Consolidated Balance Sheets equal to the funded status of each of our defined-benefit retirement plans.\nThe funded status is the difference between the fair value of the plans assets and its benefit obligation.\nChanges in plan assets and liabilities due to differences between actuarial assumptions and the actual results of the plan are recorded directly to AOCI in shareholders equity on the Consolidated Balance Sheets rather than charged to earnings.\nThese differences are then amortized over future years as a component of our annual benefit cost.\nWe amortize actuarial differences under qualified plans on a straight-line basis over the average remaining service period of eligible employees.\nWe recognize the difference between the actual and expected return on plan assets for qualified plans over five years.\nThe deferral of these differences reduces the volatility of our annual benefit cost that can result either from year-to-year changes in the assumptions or from actual results that are not necessarily representative of the long-term financial position of these plans.\nWe recognize differences under nonqualified plans immediately.\nOur annual pension and other post-retirement benefit costs consisted of the following:"}
{"_id": "d82729a76", "title": "", "text": "The hedge fund investments included above, which are carried at fair value, are generally redeemable monthly (35 percent), quarterly (32 percent), semi-annually (9 percent) and annually (24 percent), with redemption notices ranging from one day to 180 days.\nAt December 31, 2018, investments representing approximately 51 percent of the total fair value of these hedge fund investments had partial contractual redemption restrictions.\nThese partial redemption restrictions are generally related to one or more investments held in the hedge funds that the fund manager deemed to be illiquid.\nThe majority of these contractual restrictions, which may have been put in place at the fund’s inception or thereafter, have pre-defined end dates.\nThe majority of these restrictions are generally expected to be lifted by the end of 2019.\nFAIR VALUE OPTION Under the fair value option, we may elect to measure at fair value financial assets and financial liabilities that are not otherwise required to be carried at fair value.\nSubsequent changes in fair value for designated items are reported in earnings.\nWe elect the fair value option for certain hybrid securities given the complexity of bifurcating the economic components associated with the embedded derivatives.\nFor additional information related to embedded derivatives refer to Note 11 herein.\nAdditionally, we elect the fair value option for certain alternative investments when such investments are eligible for this election.\nWe believe this measurement basis is consistent with the applicable accounting guidance used by the respective investment company funds themselves.\nFor additional information on securities and other invested assets for which we have elected the fair value option refer to Note 6 herein."}
{"_id": "d89f4dcdc", "title": "", "text": "| PaymentDate Amountper Share TotalAmount (in millions) | 2014 | 2015 | 2016 |"}
{"_id": "d88882714", "title": "", "text": "| Pension Benefits Postretirement Benefits | 2011 | Ameren(a) | AMO | AIC | Genco |"}
{"_id": "d899481ac", "title": "", "text": "| Boeing shareholders | (Dollars in millions, except per share data) | Balance at January 1, 2015 | Net earnings | Other comprehensive income, net of tax of -$686 | Share-based compensation and related dividend equivalents | Excess tax pools | Treasury shares issued for stock options exercised, net | Treasury shares issued for other share-based plans, net | Common shares repurchased | Cash dividends declared ($3.82 per share) | Changes in noncontrolling interests | Balance at December 31, 2015 | Net earnings | Other comprehensive loss, net of tax of $425 | Share-based compensation and related dividend equivalents | Excess tax pools | Treasury shares issued for stock options exercised, net | Treasury shares issued for other share-based plans, net | Common shares repurchased | Cash dividends declared ($4.69 per share) | Changes in noncontrolling interests | Balance at December 31, 2016 | Net earnings | Other comprehensive income, net of tax of -$69 | Share-based compensation and related dividend equivalents | Treasury shares issued for stock options exercised, net | Treasury shares issued for other share-based plans, net | Treasury shares contributed to pension plans | Common shares repurchased | Cash dividends declared ($5.97 per share) | Changes in noncontrolling interests | Balance at December 31, 2017 |"}
{"_id": "d82e9295c", "title": "", "text": "| OwnershipInterest % MilesofPipeline Design (Bcf/d) [Storage (Bcf)] Capacity Supply and Market Region | Elba Express | FEP | KMLP | Sierrita Gas Pipeline LLC | Young Gas Storage | Keystone Gas Storage | Gulf LNG Holdings | Bear Creek Storage | SLNG | ELC | Midstream assets | KM Texas andTejas pipelines | Mier-Monterreypipeline | KM North Texaspipeline | Oklahoma | Southern Dome | Oklahoma System | South Texas | Webb/Duval gas gathering system | South Texas System | EagleHawk | KM Altamont | Red Cedar | Rocky Mountain | Fort Union | Bighorn | KinderHawk | North Texas | Endeavor | Camino Real - Gas | KM Treating |"}
{"_id": "d89b4e38e", "title": "", "text": "Commodity Transactions  Con Edison guarantees payments on behalf of its competitive energy businesses in order to facilitate physical and financial transactions in gas, pipeline capacity, transportation, oil, electricity and related commodity services.\nTo the extent that liabilities exist under the contracts subject to these guarantees, such liabilities are included in Con Edisons consolidated balance sheet.\nAffordable Housing Program  Con Edison Development guarantees the repurchase and remarketing obligations of one of its subsidiaries for debt relating to moderate-income rental apartment properties eligible for tax credits under Section 42 of the Internal Revenue Code.\nIn accordance with Emerging Issues"}
{"_id": "d8e95dd40", "title": "", "text": "| Year Ended December 31, | 2014 | (In $ millions, except percentages) | North America | Europe and Africa | Asia-Pacific | South America | Total |"}
{"_id": "d8b388710", "title": "", "text": "| December 31, | 2017 | Variable annuity | VUL insurance | Other insurance | Threadneedle investment liabilities | Total |"}
{"_id": "d82f20b58", "title": "", "text": "| Year ended December 31,(in millions) 2012 2011 2010 | Hedges of loans and lending-related commitments | CVA and hedges of CVA | Net gains/(losses) |"}
{"_id": "d8c06c95e", "title": "", "text": "| December 31, | (dollars in millions) | Subordinated debt | RBSG | RBSG | RBSG | RBSG | RBS |"}
{"_id": "d86bb7346", "title": "", "text": "| Change | 2007 | (in thousands) | IBNR-1 | Military services benefits payable-2 | Reported claims in process-3 | Other benefits payable-4 | Total benefits payable | Reconciliation to cash flow statement: | Benefits payable from acquisition | Change in benefits payable in cash flow statement resulting in cash from operations |"}
{"_id": "d8bc6e528", "title": "", "text": "Under the other-than-temporary impairment model for debt securities held, we recognize an impairment loss in income in an amount equal to the full difference between the amortized cost basis and the fair value when we\nStock Total Return Performance The following graph compares our total return to stockholders with the returns of the Standard & Poors Composite 500 Index (S&P 500) and the Dow Jones US Select Health Care Providers Index (Peer Group) for the five years ended December 31, 2017.\nThe graph assumes an investment of $100 in each of our common stock, the S&P 500, and the Peer Group on December 31, 2012, and that dividends were reinvested when paid."}
{"_id": "d835c7362", "title": "", "text": "| Total Number of  Shares Purchased-1 Average  Price Paid  per Share Total Number of Shares  Purchased as Part of Publicly  Announced Plans or Programs-2 Maximum Dollar Value of  Shares that May be Purchased  Under the Plans or Programs-2 | February 1 – February 28 | March 1 – March 31 | April 1 – April 30 | (in 000s, except per share amounts) | April 30, | Revenues | Net income before discontinued operations and change in accounting principle | Net income (loss) | Basic earnings (loss) per share: | Net income before discontinued operations and change in accounting principle | Net income (loss) | Diluted earnings (loss) per share: | Net income before discontinued operations and change in accounting principle | Net income (loss) | Total assets | Long-term debt | Dividends per share |"}
{"_id": "d8a3edc2e", "title": "", "text": "| Number of Shares Weighted- Average Exercise Price Weighted- Average Remaining Contractual Life in Years Aggregate Intrinsic Value | Options outstanding at September 29, 2012 | Granted | Cancelled/forfeited | Exercised | Options outstanding at September 28, 2013 | Options exercisable at September 28, 2013 | Options vested and expected to vest at September 28, 2013 -1 |"}
{"_id": "d86875b6a", "title": "", "text": "As defined by regulatory guidance, there were no commercial loans outstanding that would be considered a concentration of lending to a particular industry or group of industries.\n2011 included a decrease of $1.3 billion resulting from the transfer of automobile loans to loans held for a sale reflecting an automobile securitization transaction completed in 2012.2010 included an increase of $0.5 billion resulting from the adoption of a new accounting standard to consolidate a previously off-balance sheet automobile loan securitization transaction.\nAs shown in the table above, our loan portfolio is diversified by consumer and commercial credit.\nWe designate specific loan types, collateral types, and loan structures as part of our credit concentration policy.\nC&I lending by segment, specific limits for CRE primary project types, loans secured by residential real estate, shared national credit exposure, and unsecured lending represent examples of specifically tracked components of our concentration management process.\nOur concentration management process is approved by our board of directors and is one of the strategies utilized to ensure a high quality, well diversified portfolio that is consistent with our overall objective of maintaining an aggregate moderate-to-low risk profile.\nThe table below provides our total loan and lease portfolio segregated by the primary type of collateral securing the loan or lease: Table 10 - Total Loan and Lease Portfolio by Collateral Type"}
{"_id": "d86dfda74", "title": "", "text": "| December 31, | 2007 | (in thousands) | AOCI—unrealized gains on available-for-sale securities, net | AOCI—unrealized losses on cash flow hedges, net | Supplemental Executive Retirement Plan minimum liability | Foreign currency translation adjustment | Total Accumulated Other Comprehensive Income (Loss) |"}
{"_id": "d8ab10e02", "title": "", "text": "Performance Graph The following graph compares the performance of our common stock with that of the S&P 500 Index and the S&P 500 Healthcare Equipment Index.\nThe cumulative total return listed below assumes an initial investment of $100 on December 31, 2009 and reinvestment of dividends.\nCOMPARISON OF 5 YEAR CUMULATIVE TOTAL RETURN"}
{"_id": "d8d0e7d42", "title": "", "text": "| Closing Market Prices Intraday Market Prices Per Share Per Share Dividends | 2015 | Fourth Quarter | Third Quarter | Second Quarter | First Quarter | Per Share | Closing Market Prices | 2014 | Fourth Quarter | Third Quarter | Second Quarter | First Quarter |"}
{"_id": "d8adb2ab6", "title": "", "text": "| 2017 2016 2015 | Smokeable products | Smokeless products | Wine | All other | Total | Share/Units (Share/Units in thousands) | Nonvested restricted stock units at Jan. 1, 2007 | Granted | Vested | Forfeited | Earned dividend equivalents | Nonvested restricted stock units at Dec. 31, 2007 |"}
{"_id": "d8d295900", "title": "", "text": "| For the three months ended | December 31 | (in millions, except per share data) | 2012 | Total revenues | Total expenses | Net income | Net income available to common stockholders | Basic earnings per common share for net income available to common stockholders | Diluted earnings per common share for net income available to common stockholders | 2011 | Total revenues | Total expenses | Net income | Net income available to common stockholders | Basic earnings per common share for net income available to common stockholders | Diluted earnings per common share for net income available to common stockholders |"}
{"_id": "d829d9a78", "title": "", "text": "Research, Development and Engineering Applied’s long-term growth strategy requires continued development of new products.\nThe Company’s significant investment in research, development and engineering (RD&E) has generally enabled it to deliver new products and technologies before the emergence of strong demand, thus allowing customers to incorporate these products into their manufacturing plans at an early stage in the technology selection cycle.\nApplied works closely with its global customers to design systems and processes that meet their planned technical and production requirements.\nProduct development and engineering organizations are located primarily in the United States, as well as in Europe, Israel, Taiwan, and China.\nIn addition, Applied outsources certain RD&E activities, some of which are performed outside the United States, primarily in India.\nProcess support and customer demonstration laboratories are located in the United States, China, Taiwan, Europe, and Israel.\nApplied’s investments in RD&E for product development and engineering programs to create or improve products and technologies over the last three years were as follows: $1.3 billion (18 percent of net sales) in fiscal 2013, $1.2 billion (14 percent of net sales) in fiscal 2012, and $1.1 billion (11 percent of net sales) in fiscal 2011.\nApplied has spent an average of 14 percent of net sales in RD&E over the last five years.\nIn addition to RD&E for specific product technologies, Applied maintains ongoing programs for automation control systems, materials research, and environmental control that are applicable to its products."}
{"_id": "d85eea6ae", "title": "", "text": "(1) Represents estimated fair value for fixed maturity securities, and for short-term investments and cash equivalents, estimated fair value or amortized cost, which approximates estimated fair value.\n(2) The Company’s investment in Mexico government and agency fixed maturity securities at December 31, 2011 of $5.0 billion is less than 10% of the Company’s equity.\nConcentrations of Credit Risk (Equity Securities).\nThe Company was not exposed to any concentrations of credit risk in its equity securities holdings of any single issuer greater than 10% of the Company’s equity or 1% of total investments at December 31, 2011 and 2010.\nMaturities of Fixed Maturity Securities.\nThe amortized cost and estimated fair value of fixed maturity securities, by contractual maturity date (excluding scheduled sinking funds), were as follows a"}
{"_id": "d8d86da9e", "title": "", "text": "| (in 000s, except per share amounts) | Fiscal Year 2011 | Revenues | Income (loss) from continuing operations before taxes (benefit) | Income taxes (benefit) | Net income (loss) from continuing operations | Net income (loss) from discontinued operations | Net income (loss) | Basic earnings (loss) per share: | Net income (loss) from continuing operations | Net loss from discontinued operations | Net income (loss) | Diluted earnings (loss) per share: | Net income (loss) from continuing operations | Net loss from discontinued operations | Net income (loss) |"}
{"_id": "d8d0391c0", "title": "", "text": "Liquidity and Capital Resources Liquidity is essential to our business.\nThe primary goal of our liquidity management activities is to ensure adequate funding to conduct our business over a range of market environments.\nSenior management establishes our liquidity and capital policies.\nThese policies include senior management’s review of short-and long-term cash flow forecasts, review of monthly capital expenditures, the monitoring of the availability of alternative sources of financing, and the daily monitoring of liquidity in our significant subsidiaries.\nOur decisions on the allocation of capital to our"}
{"_id": "d81c092ae", "title": "", "text": "| Pension Benefits Year Ended December 31, Other Benefits Year Ended December 31, | 2018 | (In millions) | Components of net periodic benefit cost: | Service cost | Interest cost | Expected return on plan assets | Amortization: | - prior service cost (credit) | - actuarial loss | Net settlement loss(a) | Net periodic benefit cost(b) | Other changes in plan assets and benefit obligations recognized in other comprehensive (income) loss (pretax): | Actuarial loss (gain) | Amortization of actuarial gain (loss) | Prior service cost (credit) | Amortization of prior service credit (cost) | Total recognized in other comprehensive (income) loss | Total recognized in net periodic benefit cost and other comprehensive (income) loss |"}
{"_id": "d8d930ca6", "title": "", "text": "| Year Ended December 31 2017 over 2016 2016 over 2015 | ($ in millions) | Cost of product sales | % of product sales | Cost of service revenues | % of service revenues | Income (loss) from operating investments, net | Other income and gains | General and administrative expenses | % of total sales and service revenues | Goodwill impairment | Cost of sales and service revenues |"}
{"_id": "d8aa803e8", "title": "", "text": "Investing Activities Net cash used in investing activities increased $189.6 million in 2015 compared to 2014.\nThe increase was primarily due to the completion of the acquisition of Kelway by purchasing the remaining 65% of its outstanding common stock on August 1, 2015.\nAdditionally, capital expenditures increased $35.1 million to $90.1 million from $55.0 million for 2015 and 2014, respectively, primarily for our new office location and an increase in spending related to improvements to our information technology systems.\nNet cash used in investing activities increased $117.7 million in 2014 compared to 2013.\nWe paid $86.8 million in the fourth quarter of 2014 to acquire a 35% non-controlling interest in Kelway.\nAdditionally, capital expenditures increased $7.9 million to $55.0 million from $47.1 million in 2014 and 2013, respectively, primarily for improvements to our information technology systems during both years.\nFinancing Activities Net cash used in financing activities increased $114.5 million in 2015 compared to 2014.\nThe increase was primarily driven by share repurchases during the year ended December 31, 2015 which resulted in an increase in cash used for financing activities of $241.3 million.\nFor more information on our share repurchase program, see Item 5, “Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.\n” The increase was partially offset by the changes in accounts payable-inventory financing, which resulted in an increase in cash provided for financing activities of $20.4 million, and the net impact of our debt transactions which resulted in cash outflows of $7.1 million and $145.9 million during the years"}
{"_id": "d8e786210", "title": "", "text": "| Company Type Interest Rate Maturity Amount  (in thousands) | American Water Capital Corp. | Other subsidiaries | Other subsidiaries | Other subsidiaries | Other | Total retirements & redemptions |"}
{"_id": "d814f5940", "title": "", "text": "| Short-term debt Senior long-term debt | Moody’s | JPMorgan Chase & Co. | JPMorgan Chase Bank, N.A. | Chase Bank USA, N.A. |"}
{"_id": "d8d09a4a2", "title": "", "text": "(a) On October 25, 2013, we acquired Boise Inc.  (Boise).\nThe 2013 consolidated earnings results include Boise for the period of October 25 through December 31, 2013.\n(b) EBITDA represents income before interest (interest expense and interest income), income tax provision (benefit), and depreciation, amortization, and depletion.\nWe present EBITDA because it provides a means to evaluate our performance on an ongoing basis using the same measure that is used by our management and because it is frequently used by investors and other interested parties in the evaluation of companies.\nEBITDA, however, is not a measure of our liquidity or financial performance under generally accepted accounting principles (GAAP) and should not be considered as an alternative to net income, income from operations, or any other performance measure derived in accordance with GAAP or as an alternative to cash flow from operating activities as a measure of our liquidity.\nThe use of EBITDA instead of net income has limitations as an analytical tool, including the inability to determine profitability; the exclusion of interest expense, interest income, and associated significant cash requirements; and the exclusion of depreciation, amortization, and depletion, which represent significant and unavoidable operating costs, given the level of our indebtedness and the capital expenditures needed to maintain our businesses.\nOur measures of EBITDA are not necessarily comparable to other similarly titled captions of other companies due to potential inconsistencies in the methods of calculation.\nAny analysis of non-GAAP financial measures should be done in conjunction with results presented in accordance with GAAP.\nThe non-GAAP measures are not intended to be substitutes for GAAP financial measures and should not be used as such.\nSee Reconciliations of NonGAAP Financial Measures to Reported Amounts included in this Item 7 for a reconciliation of non-GAAP measures to the most comparable GAAP measure.\nexpense was primarily a result of lower capitalized interest ($6.3 million) related primarily to the Counce, Tennessee linerboard mill and Valdosta, Georgia linerboard mill major energy projects and additional interest expense ($2.1 million) related to PCAs term loan of $150.0 million borrowed in October 2011.\nPCAs effective tax rate was 57.0% for the year ended December 31, 2012, which included a 22.5% higher rate from amending our 2009 tax return in 2012 related to alternative energy tax credits as described in Note 6, Alternative Energy Tax Credits, of the Notes to Consolidated Financial Statements in Part II, Item 8.\nFinancial Statements and Supplementary Data of this Form 10-K.\nExcluding the amendment, the 2012 effective tax rate would have been 34.5% for the year ended December 31, 2012, compared to 35.1% for the year ended December 31, 2011.\nThe effective tax rate varies from the U. S.  federal statutory tax rate of 35.0% principally due to the impact of the alternative energy tax credits in 2012, state and local income taxes and the domestic manufacturers deduction.\nPCA had no material changes to its reserve for unrecognized tax benefits under ASC 740, Income Taxes, during 2012.\nLiquidity and Capital Resources Sources and Uses of Cash Our primary sources of liquidity are net cash provided by operating activities and available borrowing capacity under our revolving credit facility.\nWe ended the year with $191.0 million of cash and $331.0 million of unused borrowing capacity under the revolving credit facility, net of letters of credit.\nCurrently, our primary uses of cash are for operations, capital expenditures, debt service (including voluntary payments of debt), and declared common stock dividends, which we expect to be able to fund from these sources.\nWe believe that net cash generated from operating activities, cash on hand, available borrowings under our revolving credit facility and available capital through access to capital markets will be adequate to meet our liquidity and capital requirements, including payments of any declared common stock dividends for the foreseeable future.\nAs our debt or credit facilities become due, we will need to repay, extend or replace such facilities.\nOur ability to do so will be subject to future economic conditions and financial, business, and other factors, many of which are beyond our control.\nBelow is a summary table of our cash flows, followed by a discussion of our sources and uses of cash through operating activities, investing activities, and financing activities (dollars in millions):"}
{"_id": "d8c692b80", "title": "", "text": "| Pension Benefits-1 Other Retiree Benefits-2 | Years ended June 30 | CHANGE IN BENEFIT OBLIGATION | Benefit obligation at beginning of year-3 | Service cost | Interest cost | Participants' contributions | Amendments | Actuarial loss/(gain) | Acquisitions/(divestitures) | Special termination benefits | Currency translation and other | Benefit payments | BENEFIT OBLIGATION AT END OF YEAR-3 |"}
{"_id": "d8d4155b4", "title": "", "text": "New Accounting Pronouncements In July 2006, the Financial Accounting Standards Board (FASB) issued FASB Interpretation No.48 (FIN 48), Accounting for Uncertainty in Income Taxesan interpretation of FASB Statement No.109, Accounting for Income Taxes.\n FIN 48 was issued to reduce the diversity in practice associated with certain aspects of recognition, disclosure and measurement related to accounting for uncertain income tax positions.\nWe are required to adopt FIN 48 effective January 1, 2007.\nWe do not believe the adoption of FIN 48 will have a material impact on our financial position, results of operations or cash flows.\nIn September 2006, the Securities and Exchange Commission (SEC) issued Staff Accounting Bulletin No.108 (SAB 108), Considering the Effects of Prior Year Misstatements in Current Year Financial Statements.\n SAB 108 was issued to provide consistency between how registrants quantify financial statements misstatements.\nHistorically, there have been two widely-used methods for quantifying the effects of financial statement misstatements.\nThese methods are commonly referred to as the roll-over method and iron curtain method.\nThe roll-over method quantifies the amount by which the current income statement is misstated.\nThe iron curtain quantifies the error as the cumulative amount by which the current year balance sheet is misstated.\nSAB 108 establishes an approach that requires quantification of financial statement misstatements based on the effects of the misstatement on each the income statement, balance sheet and the related disclosures.\nThis approach is commonly referred to as the dual approach.\n We adopted SAB 108 during the fourth quarter of 2006 in connection with the preparation of our annual financial statements for the year ending December 31, 2006.\nThe adoption of SAB 108 did not have a material impact on our financial positions, results of operations or cash flows.\nIn September 2006, the FASB issued SFAS No.157 Fair Value Measurements.\n SFAS No.157 defines fair value, establishes a framework for measuring fair value in generally accepted accounting principles, and expands disclosures about fair value measurements.\nSFAS No.157 applies to accounting pronouncements that require or permit fair value measurements, except for share-based payments under SFAS No.123R.\nWe are required to"}
{"_id": "d8bb68570", "title": "", "text": "| Period Total Number   of Shares   Purchased-1 Average   Price Paid   per Share Total Number of   Shares Purchased as   Part of Publicly   Announced Program Approximate Dollar   Value of Shares   Remaining that may be   Purchased Under   the Program | October 1-31, 2009 | November 1-30, 2009 | December 1-31, 2009 | Three Months Ended | March 31, 2009 | (Unaudited) | (In $ millions, except per share data) | Net sales | Gross profit | Other (charges) gains, net | Operating profit (loss) | Earnings (loss) from continuing operations before tax | Amounts attributable to Celanese Corporation | Earnings (loss) from continuing operations | Earnings (loss) from discontinued operations | Net earnings (loss) | Earnings (loss) per share — basic | Earnings (loss) per share — diluted | Three Months Ended | March 31, 2008 | (Unaudited) | (In $ millions, except per share data) | Net sales | Gross profit | Other (charges) gains, net | Operating profit (loss) | Earnings (loss) from continuing operations before tax | Amounts attributable to Celanese Corporation | Earnings (loss) from continuing operations | Earnings (loss) from discontinued operations | Net earnings (loss) | Earnings (loss) per share — basic | Earnings (loss) per share — diluted |"}
{"_id": "d86ed2d96", "title": "", "text": "| 2005 2004 2003 | Discretionary matching contributions for the year ended December 31, | Shares issued for the year ended December 31, | Shares issuable as of the year ended December 31, |"}
{"_id": "d8ef0c4c6", "title": "", "text": "| $ in millions 2010 2009 $ Change % Change | Investment management fees | Service and distribution fees | Performance fees | Other | Total operating revenues | Third-party distribution, service and advisory expenses | Proportional share of revenues, net of third-partydistribution expenses, from joint venture investments | Management fees earned from consolidated investment products | Other revenues recorded by consolidated investment products | Net revenues |"}
{"_id": "d8f5d5bf4", "title": "", "text": "Indemnification agreements  general In connection with issuing securities to investors, the Firm may enter into contractual arrangements with third parties that require the Firm to make a payment to them in the event of a change in tax law or an adverse interpretation of tax law.\nIn certain cases, the contract also may include a termination clause, which would allow the Firm to settle the contract at its fair value in lieu of making a payment under the indemnification clause.\nThe Firm may also enter into indemnification clauses in connection with the licensing of software to clients (software licensees) or when it sells a business or assets to a third party (third-party purchasers), pursuant to which it indemnifies software licensees for claims of liability or damages that may occur subsequent to the licensing of the software, or third-party purchasers for losses they may incur due to actions taken by the Firm prior to the sale of the business or assets.\nIt is difficult to estimate the Firms maximum exposure under these indemnification arrangements, since this would require an assessment of future changes in tax law and future claims that may be made against the Firm that have not yet occurred.\nHowever, based on historical experience, management expects the risk of loss to be remote."}
{"_id": "d8abea8d2", "title": "", "text": "| Three months ended | December 31, 2016 | Interest income | Interest expense | Net interest income | Provision for credit losses | Net interest income after provision for credit losses | Total noninterest income | Total noninterest expense | Income before income taxes | Provision for income taxes | Net income | Dividends on preferred shares | Net income applicable to common shares | Common shares outstanding | Average—basic | Average—diluted-2 | Ending | Book value per common share | Tangible book value per common share-3 | Per common share | Net income—basic | Net income—diluted | Cash dividends declared | Common stock price, per share | High-4 | Low-4 | Close | Average closing price | Return on average total assets | Return on average common shareholders’ equity | Return on average tangible common shareholders’ equity-5 | Efficiency ratio-6 | Effective tax rate | Margin analysis-as a % of average earning assets-7 | Interest income-7 | Interest expense | Net interest margin-7 | Revenue—FTE | Net interest income | FTE adjustment | Net interest income-7 | Noninterest income | Total revenue-7 |"}
{"_id": "d8acff9c0", "title": "", "text": "| Year Ended December 31, 2005 (In millions) | Revenues | Expenses | Income from discontinued operations before provision for income tax | Provision for income tax | Net investment gain, net of income tax | Income from discontinued operations, net of income tax |"}
{"_id": "d87d0419e", "title": "", "text": "APACHE CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) In November 2015, the FASB issued ASU 2015-17 Balance Sheet Classification of Deferred Taxes, which requires all companies to classify deferred tax assets, liabilities, and related valuation allowances as noncurrent on the balance sheet effective for annual periods beginning after December 15, 2016, with early adoption allowed.\nApache has elected to adopt the accounting standard for the year ended December 31, 2015 and as a result, all deferred tax assets, liabilities, and related valuation allowances are classified as noncurrent on Apache Corporations December 31, 2015 consolidated balance sheet.\nPrior consolidated balance sheets were not retrospectively adjusted.\nNet deferred tax assets and liabilities are included in the consolidated balance sheet as follows:"}
{"_id": "d8d1c5dae", "title": "", "text": "| Year Ended December 31, | 2011 | (millions) | Stock-Based Compensation Expense Included in | General and Administrative Expense | Exploration Expense and Other | Total Stock-Based Compensation Expense | Tax Benefit Recognized |"}
{"_id": "d8aff4e82", "title": "", "text": "Assets under administration (\n‘‘AUA’’) include assets for which we provide administrative services such as client assets invested in other companies’ products that we offer outside of our wrap accounts.\nThese assets include those held in clients’ brokerage accounts.\nWe generally record fees received from administered assets as distribution fees.\nWe do not exercise management discretion over these assets and do not earn a management fee.\nThese assets are not reported on our Consolidated Balance Sheets.\nAUA also includes certain assets on our Consolidated Balance Sheets for which we do not provide investment management services and do not recognize management fees, such as investments in non-affiliated funds held in the separate accounts of our life insurance subsidiaries.\nThese assets do not include assets under advisement, for which we provide model portfolios but do not have full discretionary investment authority."}
{"_id": "d88e0d5c6", "title": "", "text": "| Payments Due by Period | Total | (in millions) | Debt | Interest -1 | Operating leases -2 | Purchase obligations -3 | Future policy benefits payable and otherlong-term liabilities -4 | Total |"}
{"_id": "d8912bd5c", "title": "", "text": "| Vascular North America Anesthesia/Respiratory North America Surgical North America EMEA Asia All Other Total | (Dollars in thousands) | Balance as of December 31, 2013 | Goodwill | Accumulated impairment losses | 240,169 | Goodwill related to acquisitions | Translation adjustment | Balance as of December 31, 2014 | Goodwill | Accumulated impairment losses | $240,169 |"}
{"_id": "d88000bc2", "title": "", "text": "Restricted Stock Units RSUs are granted to certain employees and are payable in shares of our common stock.\nRSU shares are accounted for at fair value based upon the closing stock price on the date of grant.\nThe corresponding expense is amortized over the vesting period, typically three years.\nThe fair values of RSU awards granted during the years ended December 31, 2018, 2017, and 2016 were $70.95, $72.47, and $71.46, respectively.\nThe number of shares ultimately issued for the RSU program remains constant with the exception of forfeitures.\nPursuant to this program, 1.3 million, 1.4 million, and 1.3 million shares were granted and approximately 1.0 million, 0.9 million, and 0.6 million shares were issued during the years ended December 31, 2018, 2017, and 2016, respectively.\nApproximately 0.8 million shares are expected to be issued in 2019.\nAs of December 31, 2018, the total remaining unrecognized compensation cost related to nonvested RSUs was $112.2 million, which will be amortized over the weightedaverage remaining requisite service period of 21 months."}
{"_id": "d87397ef8", "title": "", "text": "| Pretax Increase (Decrease) 2012 2011 | (in millions) | Other revenues | Benefits, claims, losses and settlement expenses | Amortization of DAC | Interest credited to fixed accounts | Total expenses | Total-1 |"}
{"_id": "d8c3d3688", "title": "", "text": "| Years Ended December 31, 2014 2013 | Purchases of shares from noncontrolling interests | Dividends paid to noncontrolling interests | Proceeds from sale-leaseback |"}
{"_id": "d895f0e96", "title": "", "text": "| Market Number  of stores | United Kingdom | Mexico | India | Australia | South Korea | Canada | Turkey | Japan | France | Taiwan |"}
{"_id": "d879203ac", "title": "", "text": "Capacity and Other Contracted Revenue Sources NRG's revenues and cash flows benefit from capacity/demand payments and other contracted revenue sources, originating from market clearing capacity prices, Resource Adequacy contracts, tolling arrangements, PPAs and other long-term contractual arrangements: ?\nCapacity auctions  The Company's largest sources of capacity revenues are capacity auctions in PJM, ISO-NE, and NYISO.\nBoth ISO-NE and PJM operate a pay-for-performance model where capacity payments are modified based on real-time performance, where NRG's actual revenues will be the combination of revenues based on the cleared auction MWs plus the net of any over- and under-performance of NRG's fleet.\nPJM integrated a new Capacity Performance product into the market in 2015, as further described in Regulatory Matters.\nIn addition, MISO has an annual auction, known as the Planning Resource Auction, or PRA.\nThe Gulf Coast assets situated in the MISO market may participate in this auction.\nIn certain circumstances, capacity from the Gulf Coast region may be sold into the PJM market.  ?\nResource Adequacy and bilateral contracts  In California, there is a resource adequacy requirement mandated by law that is satisfied through bilateral contracts.\nThe Company's newer generation in California is contracted under longterm tolling agreements.\nCertain other sites in California have short-term tolling agreements or resource adequacy contracts.\nIn addition, NRG earns demand payments from its long-term full-requirements load contracts with nine Louisiana distribution cooperatives, which expire in 2025.\nDemand payments from the current long-term contracts are tied to summer peak demand and provide a mechanism for recovering a portion of the costs associated with new or changed environmental laws or regulations.\nIn Texas, capacity and contracted revenues are through bilateral contracts with load serving entities.  ?\nLong-term PPAs  Output from the majority of renewable energy assets and certain conventional energy plants is sold through long-term PPAs and tolling agreements to a single counterparty, which is often a utility or commercial customer."}
{"_id": "d899fd9f8", "title": "", "text": "R&D expense increased 36% during 2011 compared to 2010, it declined slightly as a percentage of net sales, due to the 66% year-over-year growth in the Company’s net sales during 2011.\nR&D expense increased 34% or $449 million to $1.8 billion in 2010 compared to 2009.\nThis increase was due primarily to an increase in headcount and related expenses in the current year to support expanded R&D activities.\nAlso contributing to this increase in R&D expense in 2010 was the capitalization in 2009 of software development costs of $71 million related to Mac OS X Snow Leopard.\nAlthough total R&D expense increased 34% during 2010, it declined as a percentage of net sales given the 52% year-over-year increase in net sales in 2010.\nThe Company continues to believe that focused investments in R&D are critical to its future growth and competitive position in the marketplace and are directly related to timely development of new and enhanced products that are central to the Company’s core business strategy.\nAs such, the Company expects to make further investments in R&D to remain competitive."}
{"_id": "d8794dbc2", "title": "", "text": "| Millions Est.2013 2012 2011 2010 | Net periodic pension cost | Net periodic OPEB cost/(benefit) |"}
{"_id": "d8a8d002a", "title": "", "text": "| 2008 2007 | (Dollars in billions) | United States | Australia | Great Britain | Spain | Italy | Portugal | Germany | Netherlands | Belgium | Greece | Other | Total conduit assets |"}
{"_id": "d8e4aa398", "title": "", "text": "| Net tangible assets acquired as of July 13, 2006 $1,200 | In-process research and development | Developed technology and know how | Customer relationship | Trade name | Order Backlog | Deferred income taxes | Goodwill | Estimated Purchase Price |"}
{"_id": "d895caa8e", "title": "", "text": "| 2005 2004 2003 | (Dollars in millions) | Net sales | % change compared with prior year | Segment profit | % change compared with prior year |"}
{"_id": "d885ac7c4", "title": "", "text": "| For the Year Ended December 31, 2006 | First Quarter | Revenues | Income from continuing operations applicable to common shares | Discontinued operations | Net income applicable to common shares | Earnings per share: | Basic: | Income from continuing operations applicable to common shares | Discontinued operations | Net income applicable to common shares | Diluted: | Income from continuing operations applicable to common shares | Discontinued operations | Net income applicable to common shares | Dividends declared per share | 12/31/2002 | Ventas | NYSE Composite Index | All REIT Index | Healthcare REIT Index | Russell 1000 Index | As of December 31, | 2007 | Swap | (In thousands) | Notional amount | Gross book value | Fair value -1 | Fair value reflecting change in interest rates: -1 | -100 BPS | +100 BPS |"}
{"_id": "d88163758", "title": "", "text": "licensed software upgrade rights, installation fees, transaction processing and subscriptions, decreased 1% from 2016 to 2015.\nThe decrease in system sales was primarily driven by a decline in technology resale.  ?\nSupport and maintenance revenues increased 4% to $1.0 billion in 2016 compared to $976 million in 2015.\nThis increase was primarily attributable to continued success selling Cerner Millennium applications and implementing them at client sites.  ?\nServices revenue, which includes professional services (excluding installation) and managed services, increased 16% to $2.4 billion in 2016 from $2.1 billion in 2015.\nThis increase was driven by a $207 million increase in professional services due to growth in implementation and consulting activities and growth in managed services of $124 million as a result of continued demand for our hosting services.\nRevenue backlog, which reflects contracted revenue that has not yet been recognized as revenue, increased 12% to $15.9 billion in 2016 compared to $14.2 billion in 2015.\nThis increase was driven by solid levels of new business bookings revenue during the past four quarters, including strong levels of managed services bookings that typically have longer contract terms.\nCosts of Revenue Costs of revenue as a percent of total revenues were 16% in 2016 compared to 17% in 2015.\nThe lower costs of revenue as a percent of total revenues was primarily driven by a lower mix of technology resale, which carries a higher cost of revenue.\nCosts of revenue includes the cost of reimbursed travel expense, sales commissions, third party consulting services and subscription content and computer hardware, devices and sublicensed software purchased from manufacturers for delivery to clients.\nIt also includes the cost of hardware maintenance and sublicensed software support subcontracted to the manufacturers.\nSuch costs, as a percent of total revenues, typically have varied as the mix of revenue (software, hardware, devices, maintenance, support, services and reimbursed travel) carrying different margin rates changes from period to period.\nCosts of revenue does not include the costs of our client service personnel who are responsible for delivering our service offerings.\nSuch costs are included in sales and client service expense.\nOperating Expenses Total operating expenses increased 7% to $3.1 billion in 2016, compared with $2.9 billion in 2015.  ?\nSales and client service expenses as a percent of total revenues were 43% in 2016, compared to 42% in 2015.\nThese expenses increased 13% to $2.1 billion in 2016, from $1.8 billion in 2015.\nSales and client service expenses include salaries and benefits of sales, marketing, support, and services personnel, depreciation and other expenses associated with our managed services business, communications expenses, unreimbursed travel expenses, expense for share-based payments, and trade show and advertising costs.\nThe growth in services expense and increase as a percent of total revenues reflects hiring of services personnel to support the strong growth in services revenue.  ?\nSoftware development expenses as a percent of total revenues were 11% in 2016, compared to 12% in 2015.\nExpenditures for software development include ongoing development and enhancement of the Cerner Millennium and HealtheIntent platforms, with a focus on supporting key initiatives to enhance physician experience, revenue cycle and population health solutions.\nA summary of our total software development expense in 2016 and 2015 is as follows:"}
{"_id": "d8140c22c", "title": "", "text": "Contract options in our defense businesses represent agreements to perform additional work beyond the products and services associated with firm contracts, if the customer exercises the option.\nThese options are negotiated in conjunction with a firm contract and provide the terms under which the customer may elect to procure additional units or services at a future date.\nContract options in the Aerospace group represent options to purchase new aircraft and long-term agreements with fleet customers.\nWe recognize options in backlog when the customer exercises the option and establishes a firm order.\nOn December 31, 2009, the estimated potential value associated with these IDIQ contracts and contract options was approximately $17.6 billion, up from $16.8 billion at the end of 2008.\nThis represents our estimate of the potential value we will receive.\nThe actual amount of funding received in the future may be higher or lower.\nWe expect to realize this value over the next 10 to 15 years."}
{"_id": "d86ca177a", "title": "", "text": "| Year ended December 31, | 2006 | (in millions) | Impact on revenues and adjusted operating income: | International Insurance | International Investments | Total International Insurance and Investments Division | December 31, 2006 | (in millions) | Forward currency contracts | Cross-currency coupon swap agreements | Foreign exchange component of interest on dual currency investments | Total | -1 | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total | -1 | NAIC Designation | (in millions) | 1 | 2 | Subtotal InvestmentGrade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total |"}
{"_id": "d8dbce7d8", "title": "", "text": "| December 31, 2008 December 31, 2007 | Notional | Amount | (In millions) | Interest rate swaps | Interest rate floors | Interest rate caps | Financial futures | Foreign currency swaps | Foreign currency forwards | Options | Financial forwards | Credit default swaps | Synthetic GICs | Other | Total |"}
{"_id": "d8637aade", "title": "", "text": "| 2005 2004 | December 31, (in millions) | Total private equity investments |"}
{"_id": "d886e7c56", "title": "", "text": "Goodwill and Other Intangible Assets Goodwill and intangible assets deemed to have indefinite lives are not amortized but are instead subject to impairment tests.\nFor the years ended December 31, 2012, 2011 and 2010, the tests did not indicate impairment.\nshares may be issued.\nAwards granted under the Advisor Group Deferral Plan may be settled in cash and/or shares of the Company’s common stock according to the award’s terms.\nAs of December 31, 2012, there were approximately 0.3 million units outstanding under the Advisor Group Deferral Plan, of which nil were fully vested.\nThreadneedle Equity Incentive Plan On an annual basis, certain key Threadneedle employees are eligible for awards under an equity incentive plan (‘‘EIP’’) based on a formula tied to Threadneedle’s financial performance.\nAwards under the EIP were first made in April 2009; prior awards were made under the equity participation plan (‘‘EPP’’).\nIn 2011, Threadneedle’s articles of incorporation were amended to create a new class of Threadneedle corporate units to be granted under a modified EIP plan.\nEmployees who held EIP units granted prior to 2011 were given the choice to exchange their existing units at the exchange date.\nEIP awards may be settled in cash or Threadneedle corporate units according to the award’s terms.\nFor awards granted prior to 2011, the EIP provides for 100% vesting after three years, with a mandatory call after six years.\nFor converted units and awards granted after February 2011, the EIP provides for 100% vesting after two and a half years, with no mandatory call date.\nConverted units and units granted after February 2011 have dividend rights once fully vested.\nThe EPP provides for 50% vesting after three years and 50% vesting after four years, with required cash-out after five years.\nEIP and EPP awards are subject to forfeitures based on future service requirements.\nThe value of the awards is recognized as compensation expense evenly over the vesting periods.\nGenerally, the expense is based on the grant date fair value of the awards as determined by an annual independent valuation of Threadneedle’s fair market value; however, for awards accounted for as a liability the expense is adjusted to reflect Threadneedle’s current calculated value (the change in the value of the awards is recognized immediately for vested awards and over the remaining vesting period for unvested awards).\nDuring the years ended December 31, 2012, 2011 and 2010, cash settlements of EPP and EIP awards were $31 million, $14 million and $18 million, respectively.17."}
{"_id": "d8681ac60", "title": "", "text": "| (millions) 2013 2012 2011 | Balance at January 1 | Less reinsurance recoverables on unpaid losses | Net balance at January 1 | Incurred related to: | Current year | Prior years | Total incurred | Paid related to: | Current year | Prior years | Total paid | Net balance at December 31 | Plus reinsurance recoverables on unpaid losses | Balance at December 31 |"}
{"_id": "d829909b8", "title": "", "text": "approval of the Texas Commission on Environmental Quality (TCEQ).\nWe estimate that the pump and treat system will continue to operate until 2042.\nWe plan to perform additional work to address other environmental obligations at the site.\nThis additional work includes remediating, as required, impacted soils, investigating groundwater west of the former PUI facility, performing post closure care for two closed RCRA surface impoundment units, and establishing engineering controls.\nIn 2012, we estimated the total exposure at this site to be $13.\nThere has been no change to the estimated exposure.\nASSET RETIREMENT OBLIGATIONS Our asset retirement obligations are primarily associated with Industrial Gases on-site long-term supply contracts, under which we have built a facility on land owned by the customer and are obligated to remove the facility at the end of the contract term.\nThe retirement of assets includes the contractually required removal of a long-lived asset from service, and encompasses the sale, removal, abandonment, recycling, or disposal of the assets as required at the end of the contract terms.\nThe timing and/or method of settlement of these obligations are conditional on a future event that may or may not be within our control.\nChanges to the carrying amount of our asset retirement obligations are as follows:"}
{"_id": "d87817e2e", "title": "", "text": "| Commitment Expiration By Period | (In millions) | Standby letters of credit | Surety bonds | Guarantees | Total commitments |"}
{"_id": "d888ea8b4", "title": "", "text": "| Con Edison Con Edison of New York | (Millions of Dollars) | Depreciation | Regulatory asset – future income tax | State income tax | Capitalized overheads | Other | Net Liabilities | Investment Tax Credits | Deferred Income Taxes and Investment Tax Credits | Deferred Income Taxes – Recoverable Energy Costs | Total Deferred Income Taxes and Investment Tax Credits |"}
{"_id": "d87005362", "title": "", "text": "| In thousands Cash-Payable Incentive/ Performance Units Cash-Payable Restricted ShareUnits Total | Outstanding at December 31, 2013 | Granted | Vested and Released | Forfeited | Outstanding at December 31, 2014 |"}
{"_id": "d8c519006", "title": "", "text": "| (Dollars in billions) Preliminary Incremental GAAP Assets Estimated Incremental Risk-Weighted Assets | Type of VIE/QSPE | Credit card securitization trusts(1) | Asset-backed commercial paper conduits(2) | Municipal bond trusts | Home equity lines of credit | Other | Total |"}
{"_id": "d8e946686", "title": "", "text": "| (In millions) Total 2007 2008- 2009 2010- 2011 Later Years | Contractual obligations assumed by United States Steel | Long-term debt(a) | Sale-leaseback financing (includes imputed interest) | Capital lease obligations | Operating lease obligations | Operating lease obligations under sublease | Total contractual obligations assumed by United States Steel |"}
{"_id": "d897748bc", "title": "", "text": "| 2008 | Revenue | OILFIELD SERVICES | North America | Latin America | Europe/CIS/Africa | Middle East & Asia | Elims/Other-1 | 24,282 | WESTERNGECO | Goodwill and intangible assets | All other assets | Corporate-2 | Interest income-3 | Interest expense-4 | Charges & credits-5 | $27,163 |"}
{"_id": "d881ef262", "title": "", "text": "| July 31, 2013 July 31, 2012 | (In millions) | Classification on balance sheets: | Cash and cash equivalents | Investments | Funds held for customers | Long-term investments | Total cash and cash equivalents, investments and funds held for customers |"}
{"_id": "d8b326a60", "title": "", "text": "| Name of Shareholder Number of Shares Issued | Jessica Cosentino | Ricardo Cosentino | Victoria Cosentino | Mafalda Cosentino | Totals |"}
{"_id": "d8c3bffde", "title": "", "text": "(1) Includes consolidating adjustments.\n(2) Revenues exclude Realized investment gains (losses), net, and related adjustments.\nSee Realized Investment Gains and General Account InvestmentsRealized Investment Gains.\n (3) Revenues exclude net investment gains and losses on trading account assets supporting insurance liabilities.\nSee Trading Account Assets Supporting Insurance Liabilities.\n (4) See Divested Businesses.\n\nPublic Fixed MaturitiesCredit Quality The following table sets forth our public fixed maturity portfolios by NAIC rating attributable to the Financial Services Businesses as of the dates indicated."}
{"_id": "d893747e4", "title": "", "text": "FHLB Advances and Other Borrowings FHLB Advances—The Company had $0.7 billion and $0.5 billion in floating-rate and $0.2 billion and $1.8 billion in fixed-rate FHLB advances at December 31, 2012 and 2011, respectively.\nThe floating-rate advances adjust quarterly based on the LIBOR.\nDuring the year ended December 31, 2012, $650.0 million of fixed-rate FHLB advances were converted to floating-rate for a total cost of approximately $128 million which was capitalized and will be amortized over the remaining maturities using the effective interest method.\nIn addition, during the year ended December 31, 2012, the Company paid down in advance of maturity $1.0 billion of its FHLB advances and recorded $69.1 million in losses on the early extinguishment.\nThis loss was recorded in the gains (losses) on early extinguishment of debt line item in the consolidated statement of income (loss).\nThe Company did not have any similar transactions for the years ended December 31, 2011 and 2010.\nAs a condition of its membership in the FHLB Atlanta, the Company is required to maintain a FHLB stock investment currently equal to the lesser of: a percentage of 0.2% of total Bank assets; or a dollar cap amount of $26 million.\nAdditionally, the Bank must maintain an Activity Based Stock investment which is currently equal to 4.5% of the Bank’s outstanding advances at the time of borrowing.\nOn a quarterly basis, the FHLB Atlanta evaluates excess Activity Based Stock holdings for its members and makes a determination regarding quarterly redemption of any excess Activity Based Stock positions.\nThe Company had an investment in FHLB stock of $67.4 million and $140.2 million at December 31, 2012 and 2011, respectively.\nThe Company must also maintain qualified collateral as a percent of its advances, which varies based on the collateral type, and is further adjusted by the outcome of the most recent annual collateral audit and by FHLB’s internal ranking of the Bank’s creditworthiness.\nThese advances are secured by a pool of mortgage loans and mortgage-backed securities.\nAt December 31, 2012 and 2011, the Company pledged loans with a lendable value of $4.8 billion and $5.0 billion, respectively, of the one- to four-family and home equity loans as collateral in support of both its advances and unused borrowing lines."}
{"_id": "d8c6f409c", "title": "", "text": "Note 14.\nIncome Taxes Deferred tax assets and liabilities are recognized for the estimated future tax consequences attributable to tax benefit carryforwards and to differences between the financial statement amounts of assets and liabilities and their respective tax basis.\nDeferred tax assets and liabilities are measured using enacted tax rates.\nA valuation reserve is established if it is more likely than not that all or a portion of the deferred tax asset will not be realized.\nThe tax benefit associated with the stock option compensation deductions will be credited to equity when realized.\nAt March 31, 2009, the Company had federal and state net operating loss carryforwards, or NOLs, of approximately $145.1 million and $97.1 million, respectively, which begin to expire in fiscal 2010.\nAdditionally, at March 31, 2009, the Company had federal and state research and development credit carryforwards of approximately $8.1 million and $4.2 million, respectively, which begin to expire in fiscal 2010.\nThe Company acquired Impella, a German-based company, in May 2005.\nImpella had pre-acquisition net operating losses of approximately $18.2 million at the time of acquisition (which is denominated in Euros and is subject to foreign exchange remeasurement at each balance sheet date presented), and has since incurred net operating losses in each fiscal year since the acquisition.\nDuring fiscal 2008, the Company determined that approximately $1.2 million of pre-acquisition operating losses could not be utilized.\nThe utilization of pre-acquisition net operating losses of Impella in future periods is subject to certain statutory approvals and business requirements.\nDue to uncertainties surrounding the Companys ability to generate future taxable income to realize these assets, a full valuation allowance has been established to offset the Companys net deferred tax assets and liabilities.\nAdditionally, the future utilization of the Companys NOL and research and development credit carry forwards to offset future taxable income may be subject to a substantial annual limitation under Section 382 of the Internal Revenue Code due to ownership changes that have occurred previously or that could occur in the future.\nOwnership changes, as defined in Section 382 of the Internal Revenue Code, can limit the amount of net operating loss carry forwards and research and development credit carry forwards that a company can use each year to offset future taxable income and taxes payable.\nThe Company believes that all of its federal and state NOLs will be available for carryforward to future tax periods, subject to the statutory maximum carryforward limitation of any annual NOL.\nAny future potential limitation to all or a portion of the NOL or research and development credit carry forwards, before they can be utilized, would reduce the Companys gross deferred tax assets.\nThe Company will monitor subsequent ownership changes, which could impose limitations in the future."}
{"_id": "d8120e3bc", "title": "", "text": "| In millions of dollars Liquidity Facilities LoanCommitments | Citicorp | Citi-administered asset-backed commercial paper conduits (ABCP) | Third-party commercial paper conduits | Asset-based financing | Municipal securities tender option bond trusts (TOBs) | Municipal investments | Other | Total Citicorp | Citi Holdings | Citi-administered asset-backed commercial paper conduits (ABCP) | Third-party commercial paper conduits | Collateralized loan obligations (CLOs) | Asset-based financing | Municipal investments | Investment Funds | Other | Total CitiHoldings | Total Citigroup funding commitments |"}
{"_id": "d8ecb5f1a", "title": "", "text": "Nonaccrual loans totaled $874 million or 1.36% of outstanding loans and leases at December 31, 2013, compared with $1.01 billion or 1.52% at December 31, 2012 and $1.10 billion or 1.83% at December 31, 2011.\nThe decline in nonaccrual loans at the end of 2013 as compared with December 31, 2012 and 2011 was largely due to lower commercial loans and commercial real estate loans on nonaccrual status.\nSince December 31, 2011, additions to nonaccrual loans were more than offset by the impact on such loans from payments received and charge-offs.\nNevertheless, conditions in the U. S.  economy have continued to result in generally higher levels of nonaccrual loans than historically experienced by the Company.\nAccruing loans past due 90 days or more (excluding acquired loans) totaled $369 million or .58% of total loans and leases at December 31, 2013, compared with $358 million or .54% at December 31, 2012 and $288 million or .48% at December 31, 2011.\nThose loans included loans guaranteed by government-related entities of $298 million, $316 million and $253 million at December 31, 2013, 2012 and 2011, respectively.\nSuch guaranteed loans included one-to-four family residential mortgage loans serviced by the Company that were repurchased to reduce servicing costs, including a requirement to advance principal and interest payments that had not been received from individual mortgagors.\nDespite the loans being purchased by the Company, the insurance or guarantee by the applicable government-related entity remains in force.\nThe outstanding principal balances of the repurchased loans that are guaranteed by government-related entities aggregated $255 million at December 31, 2013, $294 million at December 31, 2012 and $241 million at December 31, 2011.\nThe remaining loans in this classification were loans considered to be with creditworthy borrowers that were in the process of collection or renewal.\nA summary of nonperforming assets and certain past due, renegotiated and impaired loan data and credit quality ratios is presented in table 12."}
{"_id": "d8200a7f4", "title": "", "text": "Cash Flows Our estimated future benefit payments for funded and unfunded plans are as follows (in millions):\n1 The expected benefit payments for our other postretirement benefit plans are net of estimated federal subsidies expected to be received under the Medicare Prescription Drug, Improvement and Modernization Act of 2003.\nFederal subsidies are estimated to be $3 million for the period 2019-2023 and $2 million for the period 2024-2028.\nThe Company anticipates making pension contributions in 2019 of $32 million, all of which will be allocated to our international plans.\nThe majority of these contributions are required by funding regulations or law."}
{"_id": "d8ea8bea6", "title": "", "text": "| Years Ended December 31, 2007/2006 2006/2005 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (NM, not meaningful) | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8bb24a96", "title": "", "text": "| 2004 2003 2002 | (in millions) | Selling, general andadministrative expenses | Research and development expenses | Royalty expense | Amortization expense |"}
{"_id": "d86b3c47a", "title": "", "text": "Sales Recognition The Company recognizes sales when title and risk of loss pass to the customer.\nThe terms of the Company’s sales are split approximately evenly between FOB shipping point and FOB destination.\nThe timing of the Company’s recognition of FOB destination sales is determined based on shipping date and distance to the destination.\nThe Company has no significant or unusual price protection, right of return or acceptance provisions with its customers nor is it the Company’s practice to replace goods damaged or lost in transit.\nSales allowances and discounts can be reasonably estimated throughout the period and are deducted from sales in arriving at net sales.\nCertain aluminum segment customers have fixed pricing arrangements covering specified aggregate quantities of aluminum contained in their purchases over the term of the agreements.\nThe Company generally purchases in advance sufficient quantities of aluminum inventory to “hedge” this fixed pricing commitment.\nShipping and Handling Fees and Costs The Company reports Shipping and Handling Fees and Costs in accordance with Emerging Issues Task Force (“EITF”) issue No.00-10, “Accounting for Shipping and Handling Fees and Costs.\n” As such, in the Consolidated Statement of Earnings all amounts billed to customers by the Company related to shipping and handling are included in “Net sales” and the Company’s shipping and handling costs are included in “Cost of goods sold.\n” Restructuring Costs The Company recognizes a liability for costs associated with an exit or disposal activity when the liability is incurred.\nCertain termination benefits for which employees are required to render service are recognized ratably over the respective future service periods.\nIncome Taxes The provision for income taxes is determined using the asset and liability approach of accounting for income taxes.\nUnder this approach, deferred taxes represent the future tax consequences expected to occur when the reported amounts of assets and liabilities are recovered or paid.\nThe provision for income taxes represents income taxes paid or payable for the current year plus the change in deferred taxes during the year.\nDeferred taxes result from differences between the financial and tax basis of the Company’s assets and liabilities and are adjusted for changes in tax rates and laws, as appropriate.\nA valuation allowance is provided to reduce deferred tax assets when management cannot conclude that it is more likely than not that a tax benefit will be realized.\nA provision is also made for taxes on undistributed earnings of foreign subsidiaries and related companies to the extent that such earnings are not deemed to be permanently invested.\nThis provision would be offset by available foreign tax credits.\nThe calculation of the Company’s U. S. , state, and foreign tax liabilities involves dealing with uncertainties in the application of complex global tax laws.\nThe Company recognizes potential liabilities for anticipated tax issues which might arise in the U. S.  and other tax jurisdictions based on management’s estimate of whether, and the extent to which, additional taxes will be due.\nIf payment of these amounts ultimately proves to be unnecessary, the reversal of the liabilities would result in tax benefits being recognized in the period when we determine the liabilities are no longer necessary.\nConversely, if the estimate of tax liabilities proves to be less than the ultimate tax assessment, a further charge to tax expense would result.\nConcentration of Credit Risks, Exposures and Financial Instruments The Company manufactures, markets, and distributes engineered products for the various end markets described in Note L.  Operations are principally located in the United States, although the Company also has operations in Canada, Europe, Latin America, Asia, Australia and South Africa.\nThe Company performs ongoing credit evaluations of its customers’ financial conditions and generally requires no collateral from its customers, some of which are highly leveraged.\nThe Company maintains allowances for potential credit losses and such losses have generally been within management’s expectations.\nThe Company has no material guarantees or liabilities for product warranties which would require disclosure under Financial Accounting Standards Board Interpretation (FIN) No.45, “Guarantor’s Accounting and Disclosure Requirements for Guarantees, Including Indirect Guarantees of Indebtedness of Others.\n” From time to time, the Company will enter into contracts to hedge foreign currency denominated transactions, natural gas purchases, and interest rates related to the Company’s debt.\nTo minimize the risk of counter party default, only highly-rated financial institutions that meet certain requirements are used.\nThe Company does not anticipate that any of the financial institution counter parties will default on their obligations.\nThe carrying value of cash and short-term financial instruments approximates fair value due to the short maturity of those instruments.\nOther Risks The Company obtains insurance for workers’ compensation, automobile, product and general liability, property loss and medical claims.\nHowever, the Company has elected to retain a significant portion of expected losses"}
{"_id": "d89cfc532", "title": "", "text": "| In millions of dollars 2010 2009 2008 2007 2006 | Citicorp | Citi Holdings | Total non-accrual loans (NAL) | Corporate non-accrual loans-1 | North America | EMEA | Latin America | Asia | $8,610 | Citicorp | Citi Holdings | $8,610 | Consumer non-accrual loans-1 | North America | EMEA | Latin America | Asia | $10,797 | Citicorp | Citi Holdings | $10,797 | December 31, 2014 | 2019 Notes | Principal amounts: | Principal | Unamortized initial purchasers' discount and debt discount-1 | Net carrying amount | Carrying amount of the equity component-2 |"}
{"_id": "d869d0884", "title": "", "text": "Litigation The nature of Huntingtons business ordinarily results in a certain amount of pending as well as threatened claims, litigation, investigations, regulatory and legal and administrative cases, matters and proceedings, all of which are considered incidental to the normal conduct of business.\nWhen the Company determines it has meritorious defenses to the claims asserted, it vigorously defends itself.\nThe Company considers settlement of cases when, in managements judgment, it is in the best interests of both the Company and its shareholders to do so.\nOn at least a quarterly basis, Huntington assesses its liabilities and contingencies in connection with threatened and outstanding legal cases, matters and proceedings, utilizing the latest information available.\nFor cases, matters and proceedings where it is both probable the Company will incur a loss and the amount can be reasonably estimated, Huntington establishes an accrual for the loss.\nOnce established, the accrual is adjusted as appropriate to reflect any relevant developments.\nFor cases, matters or proceedings where a loss is not probable or the amount of the loss cannot be estimated, no accrual is established.\nIn certain cases, matters and proceedings, exposure to loss exists in excess of the accrual to the extent such loss is reasonably possible, but not probable.\nManagement believes an estimate of the aggregate range of reasonably possible losses, in excess of amounts accrued, for current legal proceedings is up to $65 million at December 31, 2016.\nFor certain other cases, and matters, Management cannot reasonably estimate the possible loss at this time.\nAny estimate involves significant judgment, given the varying stages of the proceedings (including the fact that many of them are currently in preliminary stages), the existence of multiple defendants in several of the current proceedings whose share of liability has yet to be determined, the numerous unresolved issues in many of the proceedings, and the inherent uncertainty of the various potential outcomes of such proceedings.\nAccordingly, Managements estimate will change from time-to-time, and actual losses may be more or less than the current estimate.\nWhile the final outcome of legal cases, matters, and proceedings is inherently uncertain, based on information currently available, advice of counsel, and available insurance coverage, Management believes that the amount it has already accrued is adequate and any incremental liability arising from the Companys legal cases, matters, or proceedings will not have a material negative adverse effect on the Companys consolidated financial position as a whole.\nHowever, in the event of unexpected future developments, it is possible that the ultimate resolution of these cases, matters, and proceedings, if unfavorable, may be material to the Companys consolidated financial position in a particular period."}
{"_id": "d80f34e2a", "title": "", "text": "| Millions of Dollars 2009 2008 2007 | Cash provided by operating activities | Cash used in investing activities | Cash used in financing activities | Net change in cash and cash equivalents |"}
{"_id": "d828efc52", "title": "", "text": "Item 1B.\nUnresolved Staff Comments.\nNone.\nItem 2.\nProperties.3Ms general offices, corporate research laboratories, and certain division laboratories are located in St.  Paul, Minnesota.\nIn the United States, 3M has nine sales offices in eight states and operates 74 manufacturing facilities in 27 states.\nInternationally, 3M has 148 sales offices.\nThe Company operates 93 manufacturing and converting facilities in 32 countries outside the United States.3M owns substantially all of its physical properties.3Ms physical facilities are highly suitable for the purposes for which they were designed.\nBecause 3M is a global enterprise characterized by substantial intersegment cooperation, properties are often used by multiple business segments.\nItem 3.\nLegal Proceedings.\nDiscussion of legal matters is incorporated by reference from Part II, Item 8, Note 13, Commitments and Contingencies, of this document, and should be considered an integral part of Part I, Item 3, Legal Proceedings.\n Item 4.\nSubmission of Matters to a Vote of Security Holders.\nNone in the quarter ended December 31, 2007.\nPART II Item 5.\nMarket for Registrants Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.\nEquity compensation plans information is incorporated by reference from Part III, Item 12, Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters, of this document, and should be considered an integral part of Item 5.\nAt January 31, 2008, there were approximately 121,302 shareholders of record.3Ms stock is listed on the New York Stock Exchange, Inc.  (NYSE), the Chicago Stock Exchange, Inc. , and the SWX Swiss Exchange.\nCash dividends declared and paid totaled $.48 per share for each quarter of 2007, and $.46 per share for each quarter of 2006.\nStock price comparisons follow:"}
{"_id": "d8a4b3ff0", "title": "", "text": "| 2012 2011 2010 | Beginning Balance | Increases related to tax positions taken during a prior year | Decreases related to tax positions taken during a prior year | Increases related to tax positions taken during the current year | Decreases related to settlements with taxing authorities | Decreases related to expiration of statute of limitations | Ending Balance |"}
{"_id": "d88245040", "title": "", "text": "Fiscal 2011 Acquisitions: TCT International Co. , Ltd.  On June 1, 2011, the Company completed the acquisition of 100% of the equity interest in TCT International Co. , Ltd.  (“TCT”) and subsidiaries, a privately-held distributor of medical products, including the Company’s ThinPrep Pap Test, related instruments and other diagnostic and surgical products.\nTCT’s operating subsidiaries are located in Beijing, China.\nThe Company’s acquisition of TCT has enabled it to obtain an established nationwide sales organization and customer support infrastructure in China, which is consistent with the Company’s international expansion strategy.\nTCT has been integrated within the Company’s international operations, and its results are primarily reported within the Company’s Diagnostics reporting segment and to a lesser extent within the Company’s GYN Surgical reporting segment from the date of acquisition.\nThe Company concluded that the acquisition of TCT did not represent a material business combination, and therefore, no pro forma financial information has been provided herein.\nThe purchase price of $148.4 million was comprised of $135.0 million in cash, of which $100.0 million was paid up-front and $35.0 million plus a working capital adjustment $13.2 million, was deferred for one year.\nIn addition, $0.9 million was paid in the first quarter of fiscal 2012 for additional assets acquired.\nThe deferred payment was recorded on a present value basis of $47.5 million in purchase accounting to reflect fair value, and such payment was being accreted through interest expense over the one year deferral period.\nThe $35.0 million and a portion of the working capital adjustment of $8.5 million were paid in the fourth quarter of fiscal 2012.\nAs agreed to by the parties, the remainder is due after the completion of fiscal 2013.\nIn addition, the majority of the former shareholders of TCT may receive two annual contingent earn-out payments (subject to adjustment) not to exceed $200.0 million less the deferred payment.\nThe contingent earn-out payments are based on a multiple of incremental revenue growth for the one year periods beginning January 1, 2011 and January 1, 2012 as compared to the respective prior year periods, and are payable after the first and second anniversaries from the date of acquisition, respectively.\nSince these payments are contingent on future employment, they are being recognized as compensation expense ratably over the required service periods, the first and second year anniversaries from the date of acquisition.\nBased on actual and projected revenues for the TCT business, the Company recorded compensation expense of $75.5 million and $17.6 million in fiscal 2012 and 2011, respectively.\nIn the third quarter of fiscal 2012, the first measurement period was completed, and the Company paid the earned contingent consideration of $54.0 million in the fourth quarter of fiscal 2012.\nAs of September 29, 2012, the Company has accrued $39.1 million for the second contingent earn-out payment.\nThe Company did not issue any equity awards in connection with this acquisition, and third-party transaction costs were not significant.\nThe allocation of the purchase price was based on estimates of the fair value of assets acquired and liabilities assumed as of June 1, 2011."}
{"_id": "d80ed4e1c", "title": "", "text": "| (in millions) December 31, 2009 December 31, 2010 February 16, 2011 | Reference to market indices | Expected loss models | Negotiated amount | Total |"}
{"_id": "d8e6fae54", "title": "", "text": "Segment Measures In managing our business, we analyze operating performance separately for our Financial Services Businesses and our Closed Block Business.\nFor the Financial Services Businesses, we analyze our segments operating performance using adjusted operating income.\n Results of the Closed Block Business for all periods are evaluated and presented only in accordance with U. S.  GAAP.\nAdjusted operating income does not equate to income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures or net income as determined in accordance with U. S.  GAAP but is the measure of segment profit or loss we use to evaluate segment performance and allocate resources, and consistent with authoritative guidance, is our measure of segment performance.\nThe adjustments to derive adjusted operating income are important to an understanding of our overall results of operations.\nAdjusted operating income is not a substitute for income determined in accordance with U. S.  GAAP, and our definition of adjusted operating income may differ from that used by other companies.\nHowever, we believe that the presentation of adjusted operating income as we measure it for management purposes enhances understanding of our results of operations by highlighting the results from ongoing operations and the underlying profitability of the Financial Services Businesses.\nSee Note 22 to the Consolidated Financial Statements for further information on the presentation of segment results and our definition of adjusted operating income.\nEffective with the third quarter of 2010, we amended our definition of adjusted operating income as it relates to certain variable annuity contracts and defined contribution accounts that contain optional guaranteed living benefit features.\nChanges in the fair value of these optional living benefit features, which are accounted for as embedded derivatives, are primarily driven by changes in the policyholders account balance and changes in the capital market and policyholder behavior assumptions used in the valuation of the embedded derivatives, including equity market returns, interest rates, market volatility, benefit utilization, contract lapses, contractholder mortality, and withdrawal rates.\nThe changes in fair value of the embedded derivative liabilities also reflect an increase or decrease in the market-perceived risk of our non-performance.\nWe hedge or limit our exposure to certain risks associated with these living benefit features through a combination of product design elements and externally purchased hedging instruments.\nIn addition, beginning in the second quarter of 2009, we expanded our hedging program to include a portion of the market exposure related to the overall capital position of the variable annuity business.\nDuring the second quarter of 2010, the equity component of the capital hedge within the variable annuity business was replaced with a new capital hedge program that more broadly addressed equity market exposure of the statutory capital within the Financial Services Businesses as a whole.\nChanges in the value of the embedded derivatives inclusive of the market-perceived risk of our non-performance, and the related hedge positions are reported in Realized investment gains (losses), net.\n Historically, adjusted operating income included the changes in fair value of these embedded derivatives and related hedge positions, in the period they occurred, and also included the related impact to amortization of deferred policy acquisition and other costs.\nAdjusted operating income under the amended definition excludes any amounts related to changes in the market value of the embedded derivatives and related hedge positions, and the related impact to amortization of deferred policy acquisition and other costs.\nAdjusted operating income for all periods presented has been revised to conform to the amended definition.\nWe view adjusted operating income under the amended definition as a more meaningful presentation of our results for purposes of analyzing the operating performance of, and allocating resources to, our business segments, as the amended definition presents results on a basis more consistent with the economics of the businesses.\nThe accounting for these products and associated derivatives under U. S.  GAAP has not changed.\nAdjusted operating income under the amended definition excludes net gains of $312 million, net gains of $2 million, and net losses of $216 million for the years ended December 31, 2010, 2009 and 2008, respectively, related to changes in the market value of the embedded derivatives and related hedge positions, and the related impact to amortization of deferred policy acquisition and other costs.\nOf the $312 million in net gains for the year ended December 31, 2010, net gains of $12 million and $2 million are reflected within the U. S.  GAAP results of the Individual Annuities and Retirement segments, respectively, and net gains of $298 million are reflected within our Corporate and Other operations."}
{"_id": "d8c1706de", "title": "", "text": "Our AFS securities are carried at fair value on a recurring basis.\nThese include certain agency and agencysponsored mortgage-backed securities and municipal bonds.\nQuoted market prices are not available for these securities.\nAs a result, we use a third-party pricing service to determine fair value and classify the securities as Level 2.\nThe services pricing model is based on market data and utilizes available trade, bid and other market information for similar securities.\nThe fair values provided by third-party pricing service are reviewed and validated by management of HRB Bank.\nThere were no transfers of AFS securities between hierarchy levels during the fiscal years ended April 30, 2012 and 2011.\nassumed validity rates and loss severities would result in losses beyond SCCs accrual of approximately $31 million.\nThis sensitivity is hypothetical and is intended to provide an indication of the impact of a change in key assumptions on the representation and warranty claims liability.\nIn reality, changes in one assumption may result in changes in other assumptions, which could affect the sensitivity and the amount of losses.\nA rollforward of our accrued liability for representation and warranty claims is as follows:"}
{"_id": "d8c8fc2fe", "title": "", "text": "| (In millions, except per share amounts) 2007 2006 | Revenues and other income | Income from continuing operations | Net income | Per share data: | Income from continuing operations – basic | Income from continuing operations – diluted | Net income – basic | Net income – diluted |"}
{"_id": "d8d2328f0", "title": "", "text": "Summary of Significant 2017 Events In October 2017, we (a) repriced and increased the then existing $750 million revolving credit facility with a new $875 million revolving credit facility (the “New Revolving Loan Facility”), (b) repriced the approximately $1,412 million principal amount outstanding under the existing senior secured term A facility (the “New Term A Loan Facility”), and (c) added a new $375 million term B loan facility due 2021.\nAlso, we completed the redemption of all of our then outstanding 4.625% Senior Notes due 2020 (“Notes”), at a price including accrued and unpaid interest, of $1,044.41 per $1,000 of outstanding principal amount of Notes.\nNo Notes remained outstanding after the redemption.\nIn April 2017, Norwegian Joy was delivered.\nIn February 2017, we announced Project Leonardo, under which we plan to introduce an additional four ships with expected delivery dates through 2025.\nWe have an option to introduce two additional ships for delivery in 2026 and 2027, subject to certain conditions.\nThese four Project Leonardo ships are each 140,000 gross tons with approximately 3,300 Berths.\nThe contract price for each of the four ships is Summary of Significant 2017 Events In October 2017, we (a) repriced and increased the then existing $750 million revolving credit facility with a new $875 million revolving credit facility (the ¡°New Revolving Loan Facility¡±), (b) repriced the approximately $1,412 million principal amount outstanding under the existing senior secured term A facility (the ¡°New Term A Loan Facility¡±), and (c) added a new $375 million term B loan facility due 2021.\nAlso, we completed the redemption of all of our then outstanding 4.625% Senior Notes due 2020 (¡°Notes¡±), at a price including accrued and unpaid interest, of $1,044.41 per $1,000 of outstanding principal amount of Notes.\nNo Notes remained outstanding after the redemption.\nIn April 2017, Norwegian Joy was delivered.\nIn February 2017, we announced Project Leonardo, under which we plan to introduce an additional four ships with expected delivery dates through 2025.\nWe have an option to introduce two additional ships for delivery in 2026 and 2027, subject to certain conditions.\nThese four Project Leonardo ships are each 140,000 gross tons with approximately 3,300 Berths.\nThe contract price for each of the four ships is approximately €800.0 million, subject to certain conditions, or $960.4 million based on the exchange rate as of December 31, 2017.\nWe have obtained export credit financing for the ships which is expected to fund approximately 80% of the contract price of each ship expected to be delivered through 2025, subject to certain conditions.\nExecutive Overview Total revenue increased 10.7% to $5.4 billion for the year ended December 31, 2017 compared to $4.9 billion for the year ended December 31, 2016.\nGross Yield increased 4.4%.\nNet Revenue for the year ended December 31, 2017 increased 11.2% to $4.2 billion from $3.8 billion in the same period in 2016 with an improvement in Net Yield of 4.9% and an increase in Capacity Days of 6.0%.\nFor the year ended December 31, 2017, we had net income and diluted EPS of $759.9 million and $3.31, respectively.\nFor the year ended December 31, 2016, we had net income and diluted EPS of $633.1 million and $2.78, respectively.\nOperating income increased 13.3% to $1.0 billion for the year ended December 31, 2017 from $925.5 million for the year ended December 31, 2016.\nWe had Adjusted Net Income and Adjusted EPS of $907.7 million and $3.96, respectively, for the year ended December 31, 2017, which includes $147.8 million of adjustments primarily consisting of expenses related to non-cash compensation, amortization of intangible assets, write-offs of fees related to extinguishment of debt and refinancing of certain credit facilities and certain other adjustments compared to Adjusted Net Income and Adjusted EPS of $776.3 million and $3.41, respectively, for the year ended December 31, 2016.\nA 14.7% improvement in Adjusted EBITDA was achieved for the same period, primarily due to the increase in net income and EBITDA.\nWe refer you to our ¡°Results of Operations¡± below for a calculation of Net Revenue, Net Yield, Adjusted Net Income, Adjusted EPS and Adjusted EBITDA."}
{"_id": "d88292002", "title": "", "text": "| Shares Weighted Average Grant Date Fair Value (per share) | Nonvested at December 31, 2011(a) | Granted | Vested | Forfeited | Undistributed vested awards(b) | Nonvested at December 31, 2012(a) |"}
{"_id": "d8ed3193a", "title": "", "text": "| Home Equity Residential Mortgage | December 31, | 2016 | Ending balance | Portfolio weighted-average LTV ratio -1 | Portfolio weighted-average FICO score -2 | Home Equity | Twelve months ended December 31, | 2016 | Originations | Origination weighted-average LTV ratio -1 | Origination weighted-average FICO score -2 |"}
{"_id": "d81bf41ec", "title": "", "text": "| 2010 2009 2008 | Net income (loss) attributable to common shareholders | Less: Dividends on share-based awards expected to vest | Basic net income (loss) attributable to common shareholders | Noncontrolling interest in earnings of common unitholders | Diluted net income (loss) attributable to common shareholders | Weighted average number of common shares outstanding | Weighted average partnership Units outstanding | Other potential dilutive shares | Weighted average number of common shares and potential dilutive securities |"}
{"_id": "d896d2e86", "title": "", "text": "| December 31, | (dollars in millions) | Commercial | Commercial real estate | Total commercial | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others-1 | Home equity lines of credit serviced by others-1 | Automobile | Student | Credit cards | Other retail | Total retail | Total non-core loans | Other assets | Total non-core assets | December 31, | Balance at beginning of year | Increase to allowance | Release of allowance | Acquisitions and divestitures (F) | U.S. state tax apportionment and tax rate changes | Foreign currency translation | Balance at end of year |"}
{"_id": "d8903835a", "title": "", "text": "| December 31, | 2010 | (In millions) | Fixed maturity securitiesavailable-for-sale: | ABS | U.S. corporate securities | RMBS | CMBS | Foreign corporate securities | U.S. Treasury, agency and government guaranteed securities | State and political subdivision securities | Foreign government securities | Cash and cash equivalents (including cash held in trust of less than $1 million for both years) | Total |"}
{"_id": "d8d39c8da", "title": "", "text": "| Year Ended December 31 | 2007 | (In thousands) | Principal and interest payments on retained securities | Servicing fees received |"}
{"_id": "d8f89e606", "title": "", "text": "| Crude Oil & Condensate Natural Gas Liquids Natural Gas Total Barrels of Oil Equivalent (BOE) | 2017 | (Millions of bbls) | Developed | United States | Europe (a) | Africa | Asia and other | 401 | Undeveloped | United States | Europe (a) | Africa | Asia and other (b) | 258 | Total | United States | Europe (a) | Africa | Asia and other (b) | 659 | Expiration Date | (In millions) | Revolving credit facility - Hess Corporation (a) | Revolving credit facility - HIP (b) | Revolving credit facility - Hess Midstream Partners LP (HESM) (c) | Committed lines | Uncommitted lines | Total |"}
{"_id": "d817d472e", "title": "", "text": "| In millions of dollars Netunrealizedgains (losses)on investment securities Debt valuation adjustment (DVA)(1) Cash flow hedges-2 Benefit plans-3 Foreigncurrencytranslationadjustment (CTA), net of hedges(4) Excluded component of fair value hedges-5 Accumulatedothercomprehensive income (loss) | Balance, December 31, 2015 | Adjustment to opening balance, netof taxes-1 | Adjusted balance, beginning of period | Other comprehensive income beforereclassifications | Increase (decrease) due to amountsreclassified from AOCI | Change, net of taxes | Balance, December 31, 2016 | Adjustment to opening balance, netof taxes-6 | Adjusted balance, beginning of period | Impact of Tax Reform-7 | Other comprehensive income before reclassifications | Increase (decrease) due to amounts reclassified from AOCI | Change, net of taxes | Balance at December 31, 2017 | Adjustment to opening balance, netof taxes-8 | Adjusted balance, beginning of period | Other comprehensive income beforereclassifications | Increase (decrease) due to amountsreclassified from AOCI(9) | Change, net of taxes | Balance at December 31, 2018 |"}
{"_id": "d8788d886", "title": "", "text": "| December 31, 2018 December 31, 2017 | Deferred tax liabilities: | Fixed assets | Other | State deferred taxes | Total deferred tax liabilities | Deferred tax assets: | Captive insurance subsidiary | Accrued liabilities | Stock compensation | Solar credit | Other | SmartStop TRS | State deferred taxes | Total deferred tax assets | Valuation allowance | Net deferred income tax liabilities |"}
{"_id": "d88e58062", "title": "", "text": "| Year Ended December 31, | 2014 | (In millions) | Energy revenue | Capacity revenue | Retail revenue | Mark-to-market for economic hedging activities | Contract amortization | Other revenues | Eliminations | Total operating revenues |"}
{"_id": "d855e7570", "title": "", "text": "| Metric 2014 Grant 2013 Grant 2012 Grant | Average return on net assets -1 | Cumulative net income | Cumulative earnings per share -2 | Relative total shareholder return -3 |"}
{"_id": "d8a4a437a", "title": "", "text": "| Years Ended December 31, | 2018 | Weighted- | Average | Grant Date | Restricted (non-vested) Shares | Outstanding at January 1, | Granted | Vested | Forfeited | Outstanding at December 31, |"}
{"_id": "d87b702c4", "title": "", "text": "| MSA Rank Deposits(in millions) Market Share | Columbus, OH | Cleveland, OH | Detroit, MI | Akron, OH | Indianapolis, IN | Cincinnati, OH | Pittsburgh, PA | Chicago, IL | Toledo, OH | Grand Rapids, MI | Source: FDIC.gov, based on June 30, 2017 survey. |"}
{"_id": "d8b06e318", "title": "", "text": "| (Dollars in millions) 2014 2013 | Sales and trading revenue | Fixed income, currencies and commodities | Equities | Total sales and trading revenue | Sales and trading revenue, excluding net DVA/FVA-3 | Fixed income, currencies and commodities | Equities | Total sales and trading revenue, excluding net DVA/FVA |"}
{"_id": "d8642a358", "title": "", "text": "| Years Ended December 31, | (Millions, except percentages) | Revenues | Non-interest revenues | Interest income | Interest expense | Net interest income | Total revenues net of interest expense | Provisions for losses | Total revenues net of interest expense after provisions for losses | Expenses | Marketing, promotion, rewards, Card Member services and other | Salaries and employee benefits and other operating expenses | Total expenses | Pretax segment income | Income tax provision | Segment income | Effective tax rate |"}
{"_id": "d87a5caae", "title": "", "text": "Savings Plans.\nCME maintains a defined contribution savings plan pursuant to Section 401(k) of the Internal Revenue Code, whereby all U. S.  employees are participants and have the option to contribute to this plan.\nCME matches employee contributions up to 3% of the employee’s base salary and may make additional discretionary contributions of up to 2% of base salary.\nIn addition, certain CME London-based employees are eligible to participate in a defined contribution plan.\nFor CME London-based employees, the plan provides for company contributions of 10% of earnings and does not have any vesting requirements.\nSalary and cash bonuses paid are included in the definition of earnings.\nAggregate expense for all of the defined contribution savings plans amounted to $6.3 million, $5.2 million and $5.8 million in 2010, 2009 and 2008, respectively."}
{"_id": "d8bb92302", "title": "", "text": "| December 31 | 2009 | (In thousands) | Loans | Commercial, financial, agricultural, etc. | Real estate: | Residential | Commercial | Construction | Consumer | Total loans | Leases | Commercial | Total loans and leases |"}
{"_id": "d8cebef02", "title": "", "text": "| 2017 2016 | Vehicles | Aircraft | Buildings | Accumulated amortization | Property, plant and equipment subject to capital leases |"}
{"_id": "d87f4fcf0", "title": "", "text": "| 2014 2013 2012 2011 2010 | Summary of Operations: | Net revenues | Cost of sales | Excise taxes on products | Operating income | Interest and other debt expense, net | Earnings from equity investment in SABMiller | Earnings before income taxes | Pre-tax profit margin | Provision for income taxes | Net earnings | Net earnings attributable to Altria Group, Inc. | Basic and Diluted EPS — net earnings attributable to Altria Group, Inc. | Dividends declared per share | Weighted average shares (millions) — Basic | Weighted average shares (millions) — Diluted | Capital expenditures | Depreciation | Property, plant and equipment, net | Inventories | Total assets | Long-term debt | Total debt | Total stockholders’ equity | Common dividends declared as a % of Basic and Diluted EPS | Book value per common share outstanding | Market price per common share — high/low | Closing price per common share at year end | Price/earnings ratio at year end — Basic and Diluted | Number of common shares outstanding at year end (millions) | Approximate number of employees |"}
{"_id": "d8c0f5baa", "title": "", "text": "| December 31, | Company/Index | O'Reilly Automotive, Inc. | S&P 500 Retail Index | S&P 500 |"}
{"_id": "d8e6e6986", "title": "", "text": "| (in millions) | 2011 | 2012 | 2013 | 2014 | 2015 | Thereafter | Total |"}
{"_id": "d8a12082a", "title": "", "text": "| For the Years Ended December 31, | 2009 | (In Millions, Except Per Share Data) | Basic earnings per average common share | Net income attributable toEntergy Corporation | Average dilutive effect of: | Stock options | Equity units | Deferred units | Diluted earnings per averagecommon share |"}
{"_id": "d8973c188", "title": "", "text": "| Shares Repurchased Average Price per Share-1 Value of Shares Repurchased Remaining Amount Authorized | Balance at January 1, 2010 | Authorization of new plan in September 2010 | Repurchase of common stock | Balance at December 31, 2010 |"}
{"_id": "d8f425462", "title": "", "text": "| (in millions) December 31, 2013 Realized and Unrealized Gains (Losses) in Earnings and OCI Purchases Sales and Maturities Issuances and Other Settlements -2 TransfersintoLevel 3-3 Transfers out of Level 3 December 31, 2014 Total Net Unrealized Gains (Losses) Included in Earnings (4) | Assets: | Investments | Consolidated sponsoredinvestment funds: | Hedge funds | Private equity | Assets of consolidated VIEs: | Bank loans | Bonds | Total assets ofconsolidated VIEs | Total assets | Liabilities: | Borrowings of consolidated VIEs | Other liabilities | Total liabilities |"}
{"_id": "d8852cae2", "title": "", "text": "| (Dollars in millions) Total Assets at Year End-1 Total Revenue, Net of Interest Expense-2 Income Before Income Taxes Net Income | U.S.-3 | 2016 | 2015 | Asia | 2016 | 2015 | Europe, Middle East and Africa | 2016 | 2015 | Latin America and the Caribbean | 2016 | 2015 | Total Non-U.S. | 2016 | 2015 | Total Consolidated | 2016 | 2015 |"}
{"_id": "d8a7e49a4", "title": "", "text": "year.\nBeginning in 2013, the ventures pay dividends on a quarterly basis.\nIn 2013, 2012 and 2011, we received cash dividends of $92 million, $83 million and $78 million, respectively.\nIn 2012 our Nantong venture completed an expansion of its acetate flake and acetate tow capacity, each by 30,000 tons.\nWe made contributions of $29 million from 2009 through 2012 related to the capacity expansion in Nantong.\nSimilar expansions since the ventures were formed have led to earnings growth and increased dividends for the Company.\nAccording to the Euromonitor database services, China is estimated to have had a 42% share of the world's 2012 cigarette consumption.\nCigarette consumption in China is expected to grow at a rate of 1.9% per year from 2012 through 2017.\nCombined, these ventures are a leader in Chinese domestic acetate production and we believe we are well positioned to supply Chinese cigarette producers.\nAlthough our ownership interest in each of our cellulose derivatives ventures exceeds 20%, we account for these investments using the cost method of accounting because we determined that we cannot exercise significant influence over these entities due to local government investment in and influence over these entities, limitations on our involvement in the day-to-day operations and the present inability of the entities to provide timely financial information prepared in accordance with generally accepted accounting principles in the United States of America (\"US GAAP\").  ?\nOther Equity Method Investments InfraServs.\nWe hold indirect ownership interests in several German InfraServ Groups that own and develop industrial parks and provide on-site general and administrative support to tenants.\nOur ownership interest in the equity investments in InfraServ affiliates are as follows:"}
{"_id": "d8f790b6a", "title": "", "text": "| Coppera(billionpounds) Gold(millionounces) Molybdenum(billionpounds) | Consolidated reserves at December 31, 2011 | Net additions/revisions | Production | Consolidated reserves at December 31, 2012 | Net additions/revisions | Production | Consolidated reserves at December 31, 2013 |"}
{"_id": "d8c1da642", "title": "", "text": "During 2015, the Company fully repaid $750 million of 1.375% notes at maturity.\nIn May 2015, the Company issued ¬700 million of 1.25% senior unsecured notes maturing in May 2025.\nUpon conversion to U. S.  dollars the Company designated the ¬700 million debt offering as a net investment hedge to offset its currency exposure relating to its net investment in certain euro functional currency operations.\nFor more information on Company¡¯s borrowings, see Note 12, Borrowings, in the notes to the consolidated financial statements beginning on page F-1 of this Form 10-K.\nContractual Obligations, Commitments and Contingencies The following table sets forth contractual obligations, commitments and contingencies by year of payment at December 31, 2015: (1) The amount of contingent payments reflected for any year represents the expected payment amounts using foreign currency exchange rates as of December 31, 2015 under the terms of the business acquisition¡¯s agreement.\nThe fair value of the contingent obligations is not significant to the consolidated statement of financial condition and is recorded within other liabilities.\n(2) At December 31, 2015, the Company had approximately $350 million of net unrecognized tax benefits.\nDue to the uncertainty of timing and amounts that will ultimately be paid, this amount has been excluded from the table above.\nOperating Leases.\nThe Company leases its primary office locations under agreements that expire on varying dates through 2035.\nIn connection with certain lease agreements, the Company is responsible for escalation payments.\nThe contractual obligations table above includes only guaranteed minimum lease payments for such leases and does not project potential escalation or other lease-related payments.\nThese leases are classified as operating leases and, as such, are not recorded as liabilities on the consolidated statements of financial condition.\nPurchase Obligations.\nIn the ordinary course of business, BlackRock enters into contracts or purchase obligations with third parties whereby the third parties provide services to or on behalf of BlackRock.\nPurchase obligations included in the contractual obligations table above represent executory contracts, which are either noncancelable or cancelable with a penalty.\nAt December 31, 2015, the Company¡¯s obligations primarily reflected standard service contracts for portfolio services, market data, office-related services and thirdparty marketing and promotional services, and obligations for equipment.\nPurchase obligations are recorded on the consolidated financial statements when services are provided and, as such, obligations for services and equipment not received are not included in the consolidated statement of financial condition at December 31, 2015.\nInvestment Commitments.\nAt December 31, 2015, the Company had $179 million of various capital commitments to fund sponsored investment funds, including consolidated VIEs.\nThese funds include private equity funds, real estate funds, infrastructure funds and opportunistic funds.\nThis amount excludes additional commitments made by consolidated funds of funds to underlying third-party funds as third-party noncontrolling interest holders have the legal obligation to fund the respective commitments of such funds of funds.\nIn addition to the capital commitments of $179 million, the Company had approximately $38 million of contingent commitments for certain funds which have investment periods that have expired.\nGenerally, the timing"}
{"_id": "d880f1126", "title": "", "text": "Notes to Consolidated Financial Statements(Continued) (Amounts in Millions, Except Per Share Amounts) Guarantees We have certain contingent obligations under guarantees of certain of our subsidiaries (parent company guarantees) relating principally to credit facilities, guarantees of certain media payables and operating leases.\nThe amount of such parent company guarantees was $255.7 and $327.1 as of December 31, 2008 and 2007, respectively.\nIn the event of non-payment by the applicable subsidiary of the obligations covered by a guarantee, we would be obligated to pay the amounts covered by that guarantee.\nAs of December 31, 2008, there are no material assets pledged as security for such parent company guarantees.\nContingent Acquisition Obligations We have structured certain acquisitions with additional contingent purchase price obligations in order to reduce the potential risk associated with negative future performance of the acquired entity.\nIn addition, we have entered into agreements that may require us to purchase additional equity interests in certain consolidated and unconsolidated subsidiaries.\nThe amounts relating to these transactions are based on estimates of the future financial performance of the acquired entity, the timing of the exercise of these rights, changes in foreign currency exchange rates and other factors.\nWe have not recorded a liability for these items since the definitive amounts payable are not determinable or distributable.\nWhen the contingent acquisition obligations have been met and consideration is determinable and distributable, we record the fair value of this consideration as an additional cost of the acquired entity.\nHowever, certain acquisitions contain deferred payments that are fixed and determinable on the acquisition date.\nIn such cases, we record a liability for the payment and record this consideration as an additional cost of the acquired entity on the acquisition date.\nIf deferred payments and purchases of additional interests after the effective date of purchase are contingent upon the future employment of the former owners then we recognize these payments as compensation expense.\nCompensation expense is determined based on the terms and conditions of the respective acquisition agreements and employment terms of the former owners of the acquired businesses.\nThis future expense will not be allocated to the assets and liabilities acquired and is amortized over the required employment terms of the former owners.\nThe following table details the estimated liability with respect to our contingent acquisition obligations and the estimated amount that would be paid in the event of exercise at the earliest exercise date.\nWe have certain put options that are exercisable at the discretion of the minority owners as of December 31, 2008.\nAs such, these estimated acquisition payments of $5.5 have been included within the total payments expected to be made in 2009 in the table below and, if not made in 2009, will continue to carry forward into 2010 or beyond until they are exercised or expire.\nAll payments are contingent upon achieving projected operating performance targets and satisfying other conditions specified in the related agreements and are subject to revisions as the earn-out periods progress.\nAs of December 31, 2008, our estimated future contingent acquisition obligations payable in cash are as follows:"}
{"_id": "d8ecb5ec0", "title": "", "text": "Table 11 NONACCRETABLE BALANCE — PRINCIPAL"}
{"_id": "d843a78d8", "title": "", "text": "| Years Ended December 31, | 2011 | GAAP | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Pretax income |"}
{"_id": "d8b35fb08", "title": "", "text": "| Years Ended December 31, | 2008 | (In millions) | Operating Revenues | Premiums | Universal life and investment-type product policy fees | Net investment income | Other revenues | Total operating revenues | Operating Expenses | Policyholder benefits and claims and policyholder dividends | Interest credited to policyholder account balances | Capitalization of DAC | Amortization of DAC and VOBA | Interest expense | Other expenses | Total operating expenses | Provision for income tax expense (benefit) | Operating earnings | Years Ended December 31, | 2008 | (In millions) | Operating Revenues | Premiums | Universal life and investment-type product policy fees | Net investment income | Other revenues | Total operating revenues | Operating Expenses | Policyholder benefits and claims and policyholder dividends | Interest credited to policyholder account balances | Capitalization of DAC | Amortization of DAC and VOBA | Interest expense | Other expenses | Total operating expenses | Provision for income tax expense (benefit) | Operating earnings |"}
{"_id": "d861c8c9a", "title": "", "text": "| December 31, | 2015 | Asset Retirement Obligations, beginning of the year | Liabilities Assumed | Liabilities Incurred | Liabilities Settled | Accretion Expense | Foreign Currency Translation Adjustments | Asset Retirement Obligations, end of the year |"}
{"_id": "d86ae8398", "title": "", "text": "| Home Equity Loans Home Equity Lines-of-Credit Residential   Mortgages | 12/31/09 | Ending balance (in millions) | Portfolio weighted average LTV ratio-1 | Portfolio weighted average FICO-2 |"}
{"_id": "d8b0af37c", "title": "", "text": "| Number of Shares Weighted Average Grant Date Fair Value | Outstanding at December 31, 2009 | Granted | Vested | Cancelled | Outstanding at December 31, 2010 |"}
{"_id": "d8df14e74", "title": "", "text": "| Years Ended December 31,(in millions) Annual Average Investments(a) Net Investment Income Pre-tax Return on Average Investments(b) | AIG Property Casualty: | 2012 | 2011 | 2010 | AIG Life and Retirement: | 2012 | 2011 | 2010 |"}
{"_id": "d8d03917a", "title": "", "text": "| Year ended September 30, | 2014 | RJF return on average assets-1 | RJF return on average equity-2 | Average equity to average assets-3 | Dividend payout ratio-4 |"}
{"_id": "d887b7280", "title": "", "text": "Consumer Foods net sales increased $303 million, or 5%, for the year to $6.8 billion.\nResults reflect an increase of three percentage points from improved net pricing and product mix and two percentage points of improvement from higher volumes.\nNet pricing and volume improvements were achieved in many of the Companys priority investment and enabler brands.\nThe impact of product recalls partially offset these improvements.\nThe Company implemented significant price increases for many Consumer Foods products during the fourth quarter of fiscal 2008.\nContinued net sales improvements are expected into fiscal 2009 when the Company expects to receive the benefit of these pricing actions for full fiscal periods.\nSales of some of the Companys most significant brands, including Chef Boyardee?, DAVID?, Egg Beaters?, Healthy Choice?, Hebrew National?, Hunts?, Marie Callenders?, Manwich?, Orville Redenbachers?, PAM?, Ro*Tel?, Rosarita?, Snack Pack?, Swiss Miss?, Wesson?, and Wolf?\ngrew in fiscal 2008.\nSales of ACT II?, Andy Capp?, Banquet?, Crunch n Munch?, Kid Cuisine?, Parkay?, Pemmican?, Reddi-wip?, and Slim Jim?\ndeclined in fiscal 2008.\nNet sales in the Consumer Foods segment are not comparable across periods due to a variety of factors.\nThe Company initiated a peanut butter recall in the third quarter of fiscal 2007 and reintroduced Peter Pan?\npeanut butter products in August 2007.\nSales of all peanut butter products, including both branded and private label, in fiscal 2008 were $14 million lower than comparable amounts in fiscal 2007.\nConsumer Foods net sales were also adversely impacted by the recall of Banquet?\nand private label pot pies in the second quarter of fiscal 2008.\nNet sales of pot pies were lower by approximately $22 million in fiscal 2008, relative to fiscal 2007, primarily due to product returns and lost sales of Banquet?\nand private label pot pies.\nSales from Alexia Foods and Lincoln Snacks, businesses acquired in fiscal 2008, totaled $66 million in fiscal 2008.\nThe Company divested a refrigerated pizza business during the first half of fiscal 2007.\nSales from this business were $17 million in fiscal 2007.\nFood and Ingredients net sales were $4.1 billion in fiscal 2008, an increase of $706 million, or 21%.\nIncreased sales are reflective of higher sales prices in the Companys milling operations due to higher grain prices, and price and volume increases in the Companys potato and dehydrated vegetable operations.\nThe fiscal 2007 divestiture of an oat milling operation resulted in a reduction of sales of $27 million for fiscal 2008, partially offset by increased sales of $18 million from the acquisition of Watts Brothers in February 2008.  International Foods net sales increased $65 million to $678 million.\nThe strengthening of foreign currencies relative to the U. S.  dollar accounted for approximately $36 million of this increase.\nThe segment achieved a 5% increase in sales volume in fiscal 2008, primarily reflecting increased unit sales in Canada and Mexico, and modest increases in net pricing."}
{"_id": "d87882828", "title": "", "text": "Certain of the Company’s derivative contracts contain provisions that adjust the level of collateral the Company is required to post based on the Company’s debt rating (or based on the financial strength of the Company’s life insurance subsidiaries for contracts in which those subsidiaries are the counterparty).\nAdditionally, certain of the Company’s derivative contracts contain provisions that allow the counterparty to terminate the contract if the Company’s debt does not maintain a specific credit rating (generally an investment grade rating) or the Company’s life insurance subsidiary does not maintain a specific financial strength rating.\nIf these termination provisions were to be triggered, the Company’s counterparty could require immediate settlement of any net liability position.\nAt December 31, 2014 and 2013, the aggregate fair value of derivative contracts in a net liability position containing such credit contingent provisions was $416 million and $1.0 billion, respectively.\nThe aggregate fair value of assets posted as collateral for such instruments as of December 31, 2014 and 2013 was $416 million and $959 million, respectively.\nIf the credit contingent provisions of derivative contracts in a net liability position at December 31, 2014 and 2013 were triggered, the aggregate fair value of additional assets that would be required to be posted as collateral or needed to settle the instruments immediately would have been nil and $56 million, respectively.17."}
{"_id": "d8d04d56c", "title": "", "text": "| Location Approximate Square Footage | Alpharetta, Georgia | Jersey City, New Jersey | Arlington, Virginia | Sandy, Utah | Menlo Park, California | New York, New York | Chicago, Illinois-1 |"}
{"_id": "d82c606b6", "title": "", "text": "Indemnification and repurchase claims are typically settled on an individual loan basis through make-whole payments or loan repurchases; however, on occasion we may negotiate pooled settlements with investors.\nIn connection with pooled settlements, we typically do not repurchase loans and the consummation of such transactions generally results in us no longer having indemnification and repurchase exposure with the investor in the transaction.\nFor the first and second-lien mortgage balances of unresolved and settled claims contained in the tables below, a significant amount of these claims were associated with sold loans originated through correspondent lender and broker origination channels.\nIn certain instances when indemnification or repurchase claims are settled for these types of sold loans, we have recourse back to the correspondent lenders, brokers and other third-parties (e. g. , contract underwriting companies, closing agents, appraisers, etc.\n).\nDepending on the underlying reason for the investor claim, we determine our ability to pursue recourse with these parties and file claims with them accordingly.\nOur historical recourse recovery rate has been insignificant as our efforts have been impacted by the inability of such parties to reimburse us for their recourse obligations (e. g. , their capital availability or whether they remain in business) or factors that limit our ability to pursue recourse from these parties (e. g. , contractual loss caps, statutes of limitations).\nOrigination and sale of residential mortgages is an ongoing business activity, and, accordingly, management continually assesses the need to recognize indemnification and repurchase liabilities pursuant to the associated investor sale agreements.\nWe establish indemnification and repurchase liabilities for estimated losses on sold first and second-lien mortgages for which indemnification is expected to be provided or for loans that are expected to be repurchased.\nFor the first and secondlien mortgage sold portfolio, we have established an indemnification and repurchase liability pursuant to investor sale agreements based on claims made, demand patterns observed to date and/or expected in the future, and our estimate of future claims on a loan by loan basis.\nTo estimate the mortgage repurchase liability arising from breaches of representations and warranties, we consider the following factors: (i) borrower performance in our historically sold portfolio (both actual and estimated future defaults), (ii) the level of outstanding unresolved repurchase claims, (iii) estimated probable future repurchase claims, considering information about file requests, delinquent and liquidated loans, resolved and unresolved mortgage insurance rescission notices and our historical experience with claim rescissions, (iv) the potential ability to cure the defects identified in the repurchase claims (rescission rate), and (v) the estimated severity of loss upon repurchase of the loan or collateral, make-whole settlement, or indemnification.\nSee Note 24 Commitments and Guarantees in the Notes To Consolidated Financial Statements in Item 8 of this Report for additional information.\nThe following tables present the unpaid principal balance of repurchase claims by vintage and total unresolved repurchase claims for the past five quarters."}
{"_id": "d8d96024e", "title": "", "text": "HASBRO, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements — (Continued) (Thousands of Dollars and Shares Except Per Share Data) agreement, $7,203 and $14,235, respectively, of which are included in prepaid expenses and other current assets and $58,814 and $63,247, respectively, of which are included in other assets.\nThe Company and the Network are also parties to an agreement under which the Company will provide the Network with an exclusive first look in the U. S.  to license certain types of programming developed by the Company based on its intellectual property.\nIn the event the Network licenses the programming from the Company to air, it is required to pay the Company a license fee.\nAs of December 25, 2016 and December 27, 2015 the Company’s investment in the Network totaled $242,397 and $242,932, respectively.\nThe Company’s share in the (earnings) loss of the Network for the years ended December 25, 2016, December 27, 2015 and December 28, 2014 totaled $(23,764), $(19,045) and $9,187, respectively and is included as a component of other (income) expense, net in the accompanying consolidated statements of operations.\nIn 2014, the Company’s share in the loss of the Network included charges related to its restructuring totaling $17,278.\nThe Company also enters into certain other transactions with the Network including the licensing of television programming and the purchase of advertising.\nDuring 2016, 2015 and 2014, these transactions were not material."}
{"_id": "d86194904", "title": "", "text": "The allocation of the allowance for loan losses on originated loans at December 31, 2016 reflects management’s assessment of credit risk and probable loss within each portfolio.\nThis assessment is based on a variety of internal and external factors including, but not limited to, the likelihood and severity of loss, portfolio growth and related risk characteristics, and current economic conditions.\nWith respect to the originated portfolio, an allocation of a portion of the allowance to one loan segment does not preclude its availability to absorb losses in another loan segment.\nManagement believes that the level of the allowance for loan losses at December 31, 2016 is appropriate to cover probable losses."}
{"_id": "d867e9bec", "title": "", "text": "Pension Plan Assets Pension assets include public equities, government and corporate bonds, cash and cash equivalents, private real estate funds, private partnerships, hedge funds, and other assets.\nPlan assets are held in a master trust and overseen by the Company's Investment Committee.\nAll assets are externally managed through a combination of active and passive strategies.\nManagers may only invest in the asset classes for which they have been appointed.\nThe Investment Committee is responsible for setting the policy that provides the framework for management of the plan assets.\nThe Investment Committee has set the minimum and maximum permitted values for each asset class in the Company's pension plan master trust for the year ended December 31, 2018, as follows:"}
{"_id": "d8f5beac6", "title": "", "text": "Depreciation on capital leases is recorded as depreciation expense in our results of operations.\nAs of May 26, 2019, we have issued guarantees and comfort letters of $681.6 million for the debt and other obligations of consolidated subsidiaries, and guarantees and comfort letters of $133.9 million for the debt and other obligations of non-consolidated affiliates, mainly CPW.\nIn addition, off-balance sheet arrangements are generally limited to the future payments under non-cancelable operating leases, which totaled $482.6 million as of May 26, 2019."}
{"_id": "d820b0eb0", "title": "", "text": "11: ASSET RETIREMENT OBLIGATIONS CMS Energy and Consumers record the fair value of the cost to remove assets at the end of their useful lives, if there is a legal obligation to remove them.\nNo market risk premiums were included in CMS Energys and Consumers ARO fair value estimates since reasonable estimates could not be made.\nIf a five percent market risk premium were assumed, CMS Energys and Consumers ARO liabilities would be $17 million higher at December 31, 2014 and $16 million higher at December 31, 2013.\nIn 2013, Consumers updated the ARO for asbestos abatement to reflect a revised estimate of future obligations at its steam electric generating units.\nIn 2014, Consumers recorded the initial estimate of $3 million for closure of the Cross Winds?\nEnergy Park.\nIf a reasonable estimate of fair value cannot be made in the period in which the ARO is incurred, such as for assets with indeterminate lives, the liability is recognized when a reasonable estimate of fair value can be made.\nCMS Energy and Consumers have not recorded liabilities for assets that have insignificant cumulative disposal costs, such as substation batteries.\nPresented below are the categories of assets that CMS Energy and Consumers have legal obligations to remove at the end of their useful lives and for which they have an ARO liability recorded:"}
{"_id": "d8cbcbf7a", "title": "", "text": "| 2005 2004 2003 | Buildings and facilities | Aircraft and parts | Vehicles | Information technology | $2,187 |"}
{"_id": "d8e33af80", "title": "", "text": "Interest Rate Risk Our cash equivalents and investments are subject to market risk due to changes in interest rates.\nInterest rate movements affect the interest income we earn on cash equivalents and investments and the value of those investments.\nShould the Federal Reserve Target Rate increase by 25 basis points from the level of July 31, 2009, the value of our investments would decrease by approximately $0.9 million.\nShould the Federal Reserve Target Rate increase by 100 basis points from the level of July 31, 2009, the value of our investments would decrease by approximately $3.6 million.\nWe are also exposed to the impact of changes in interest rates as they affect our $500 million revolving credit facility.\nAdvances under the credit facility accrue interest at rates that are equal to Citibank’s base rate or the London InterBank Offered Rate (LIBOR) plus a margin that ranges from 0.18% to 0.575% based on our senior debt credit ratings.\nConsequently, our interest expense would fluctuate with changes in the general level of these interest rates if we were to borrow any amounts under the credit facility.\nAt July 31, 2009, no amounts were outstanding under the credit facility."}
{"_id": "d8b7e80e4", "title": "", "text": "| Securities with unrealized losses | Less than 12 months | Gross | Fair | 2005 (in millions) | Available-for-sale securities | U.S. government and federal agency obligations: | U.S. treasuries | Mortgage-backed securities | Agency obligations | Collateralized mortgage obligations | U.S. government-sponsored enterpriseobligations | Obligations of state and political subdivisions | Debt securities issued by non-U.S. governments | Corporate debt securities | Equity securities | Other, primarily asset-backed securities | Total securities with unrealized losses |"}
{"_id": "d89a46aae", "title": "", "text": "The effective income tax rate differed from the U. S.  federal income tax rate of 35% in 2017, 2016 and 2015 as presented below:"}
{"_id": "d8bcd073c", "title": "", "text": "| 12/31/2007 12/31/2008 12/31/2009 12/31/2010 12/31/2011 12/31/2012 | LKQ Corporation | NASDAQ Stock Market (U.S.) Index | Peer Group | Amount of gain (loss) recognized in net income on derivatives for the year ended December 31, | Derivatives not designated as hedging instruments | (in millions) | Interest rate contracts | Foreign exchange contracts | Equity contracts | Credit contracts | Other contracts | Total | December 31, 2012 | (in millions) | European Union | United Kingdom | Australia/New Zealand | Asia-Pacific | Latin America | Other countries -1 | Total |"}
{"_id": "d89420904", "title": "", "text": "Credit reimbursement TSS reimburses the IB for credit portfolio exposures managed by the IB on behalf of clients that the segments share.\nAt the time of the Merger, the reim- bursement methodology was revised to be based upon pretax earnings, net of the cost of capital related to those exposure"}
{"_id": "d899f1d60", "title": "", "text": "| In millions 2005 2004 2003 | Sales | Operating Profit: | Forest Resources –Sales of Forestlands | Harvest & Recreational Income | Forestland Expenses | Real Estate Operations | Wood Products | Operating Profit |"}
{"_id": "d8cd349de", "title": "", "text": "of $4.0 million from price redeterminations for several of our military contracts as well as an increase of $16.6 million in our HOS revenues associated with contract growth, most notably in New York City.\nOperation and maintenance.\nOperation and maintenance expense decreased $12.6 million, or 4.5%, for the year ended December 31, 2013, compared to the year ended December 31, 2012.\nThe following table provides information regarding operation and maintenance expense for the years ended December 31, 2013, and 2012, by major expense category:"}
{"_id": "d86a21aea", "title": "", "text": "Managements discussion and analysis 120 JPMorgan Chase & Co. /2014 Annual Report WHOLESALE CREDIT PORTFOLIO The Firms wholesale businesses are exposed to credit risk through underwriting, lending and trading activities with and for clients and counterparties, as well as through various operating services such as cash management and clearing activities.\nA portion of the loans originated or acquired by the Firms wholesale businesses is generally retained on the balance sheet.\nThe Firm distributes a significant percentage of the loans it originates into the market as part of its syndicated loan business and to manage portfolio concentrations and credit risk.\nThe wholesale credit environment remained favorable throughout 2014 driving an increase in client activity.\nGrowth in loans retained was driven primarily by activity in Commercial Banking, while growth in lending-related commitments reflected increased activity in both the Corporate & Investment Bank and Commercial Banking.\nDiscipline in underwriting across all areas of lending continues to remain a key point of focus, consistent with evolving market conditions and the Firms risk management activities.\nThe wholesale portfolio is actively managed, in part by conducting ongoing, in-depth reviews of client credit quality and transaction structure, inclusive of collateral where applicable; and of industry, product and client concentrations.\nDuring the year, wholesale criticized assets decreased from 2013, including a reduction in nonaccrual loans by 40%."}
{"_id": "d8e7b9264", "title": "", "text": "| 2012 2011 2010 | Balance as of January 1 | Current year increases | Write-offs, net of recoveries and other | Balance as of December 31 | Accumulated Other Comprehensive Income (Loss) Attributable to Prudential Financial, Inc. | Foreign Currency Translation Adjustment | (in millions) | Balance, December 31, 2006 | Change in component during year | Balance, December 31, 2007 | Change in component during year | Balance, December 31, 2008 | Change in component during year | Impact of adoption of guidance for other-than- temporary impairments of debt securities-2 | Balance, December 31, 2009 |"}
{"_id": "d87c3b0aa", "title": "", "text": "| (Dollars in millions, except per share data) 2013 2012 2011 2010 2009 | Operations | Revenues: | Commercial Airplanes | Defense, Space & Security:-1 | Boeing Military Aircraft | Network & Space Systems | Global Services & Support | Total Defense, Space & Security | Boeing Capital-2 | Other segment-2 | Unallocated items and eliminations | Total revenues | General and administrative expense | Research and development expense | Other income/(loss), net | Net earnings from continuing operations | Net gain/(loss) on disposal of discontinued operations, net of tax | Net earnings | Basic earnings per share from continuing operations | Diluted earnings per share from continuing operations | Cash dividends declared | Per share | Additions to Property, plant and equipment | Depreciation of Property, plant and equipment | Year-end workforce | Financial position at December 31 | Total assets | Working capital | Property, plant and equipment, net | Cash and cash equivalents | Short-term and other investments | Total debt | Customer financing assets | Shareholders’ equity-3 | Per share | Common shares outstanding (in millions)(4) | Contractual Backlog: | Commercial Airplanes | Defense, Space & Security:-1 | Boeing Military Aircraft | Network & Space Systems | Global Services & Support | Total Defense, Space & Security | Total contractual backlog | Amount (In Millions) | 2013 net revenue | Retail electric price | Asset retirement obligation | Volume/weather | MISO deferral | Net wholesale revenue | Other | 2014 net revenue |"}
{"_id": "d822356d2", "title": "", "text": "Results of Operations\n(1) Revenues from rental property increased primarily from the combined effect of (i) the acquisition of operating properties during 2008 and 2009, providing incremental revenues for the year ended December 31, 2009 of $29.3 million, as compared to the corresponding period in 2008 and (ii) the completion of certain development and redevelopment projects and tenant buyouts providing incremental revenues of approximately $7.4 million, for the year ended December 31, 2009, as compared to the corresponding period in 2008, which was partially offset by (iii) a decrease in revenues of approximately $8.5 million for the year ended December 31, 2009, as compared to the corresponding period in 2008, primarily resulting from the sale of certain properties during 2008 and 2009, and (iv) an overall occupancy decrease from the consolidated shopping center portfolio from 93.1% at December 31, 2008 to 92.2% at December 31, 2009.\n(2) Rental property expenses increased primarily due to (i) operating property acquisitions during 2008 and 2009, (ii) the placement of certain development properties into service, which resulted in lower capitalization of carry costs, and (iii) an increase in snow removal costs during 2009 as compared to 2008, partially offset by (iv) a decrease in insurance costs during 2009 as compared to 2008 and (v) operating property dispositions during 2008 and 2009.\n(3) Depreciation and amortization increased primarily due to (i) operating property acquisitions during 2008 and 2009, (ii) the placement of certain development properties into service and (iii) tenant vacates, partially offset by operating property dispositions during 2008 and 2009.\nMortgage and other financing income decreased $3.3 million to $15.0 million for the year ended December 31, 2009, as compared to $18.3 million for the corresponding period in 2008.\nThis decrease is primarily due to a decrease in interest income during 2009 resulting from the repayment of certain mortgage receivables during 2009 and 2008.\nManagement and other fee income decreased approximately $5.2 million for the year ended December 31, 2009, as compared to the corresponding period in 2008.\nThis decrease is primarily due to a decrease in property management fees of approximately $5.8 million for 2009, due to lower revenues attributable to lower occupancy and the sale of certain properties during 2008 and 2009, partially offset by an increase in other transaction related fees of approximately $0.6 million recognized during 2009.\nGeneral and administrative expenses decreased approximately $6.1 million for the year ended December 31, 2009, as compared to the corresponding period in 2008.\nThis decrease is primarily due to a reduction in force during 2009 as a result of implementing the Company’s core business strategy of focusing on owning and operating shopping centers and a shift away from certain non-strategic assets along with a lack of transactional activity.\nInterest, dividends and other investment income decreased approximately $23.0 million for the year ended December 31, 2009, as compared to the corresponding period in 2008.\nThis decrease is primarily due to (i) a decrease in realized gains of approximately $8.2 million during 2009 resulting from the sale of certain marketable securities during the corresponding period in 2008 as compared to 2009, and (ii) a decrease in interest and dividend income of approximately $14.8 million during 2009, as compared to the corresponding period in 2008, primarily resulting from the sale of investments in marketable securities and reductions in dividends declared from certain marketable securities during 2009 and 2008.\nOther expense, net decreased approximately $1.3 million to $0.9 million for the year ended December 31, 2009, as compared to $2.2 million for the corresponding period in 2008.\nThis decrease is primarily due to (i) the receipt of fewer shares of Sears Holding Corp. common stock received as partial settlement of Kmart pre-petition claims during 2008,"}
{"_id": "d8b19f0a2", "title": "", "text": "| 2004 2003 2002 | Quarter | First | Second | Third | Fourth |"}
{"_id": "d86a4182c", "title": "", "text": "| Net Exploratory Wells Net Development Wells | Productive | Year Ended December 31,2008 | United States | Northern Region | Southern Region | West Africa | North Sea | Israel | Suriname | Total | Year Ended December 31,2007 | United States | Northern Region | Southern Region | West Africa | North Sea | Israel | Argentina-2 | Total | Year Ended December 31,2006 | United States | Northern Region | Southern Region | West Africa | North Sea | Argentina-2 | Total |"}
{"_id": "d86ba98d6", "title": "", "text": "| ($ in millions) 2012 2011 2010 | Gardasil | Influenza vaccines | Other viral vaccines | RotaTeq | Hepatitis vaccines | Other vaccines | $1,084 |"}
{"_id": "d894afff0", "title": "", "text": "Item 7.\nManagement’s Discussion and Analysis of Financial Condition and Results of Operations Liquidity and Capital Resources – Subsidiaries – (Continued) In 2016 and 2015, Boardwalk Pipeline declared and paid distributions to its common unitholders of record of $0.40 per common unit and an amount to the general partner on behalf of its 2% general partner interest.\nIn February of 2017, the Partnership declared a quarterly cash distribution to unitholders of record of $0.10 per common unit.\nIn January of 2017, Boardwalk Pipeline completed a public offering of $500 million aggregate principal amount of 4.5% senior notes due July 15, 2027 and plans to use the proceeds to refinance future maturities of debt and to fund growth capital expenditures.\nInitially, the proceeds were used to reduce outstanding borrowings under its revolving credit facility.\nAs of February 13, 2017, Boardwalk Pipeline had $65 million of outstanding borrowings and $1.4 billion of available borrowing capacity under its revolving credit facility.\nDuring 2016, Boardwalk Pipeline extended the maturity date of the revolving credit facility by one year to May 26, 2021.\nBoardwalk Pipeline has in place a subordinated loan agreement with a subsidiary of the Company under which it could borrow up to $300 million until December 31, 2018.\nBoardwalk Pipeline had no outstanding borrowings under the subordinated loan agreement.\nFor 2016 and 2015, Boardwalk Pipeline’s capital expenditures were $590 million and $375 million, consisting of a combination of growth and maintenance capital.\nBoardwalk Pipeline expects total capital expenditures to be approximately $850 million in 2017, primarily related to growth projects and pipeline system maintenance expenditures.\nBoardwalk Pipeline anticipates that for 2017 its existing capital resources, including its revolving credit facility, subordinated loan and cash flows from operating activities, will be adequate to fund its operations.\nBoardwalk Pipeline may seek to access the capital markets to fund some or all capital expenditures for growth projects, acquisitions or for general business purposes.\nBoardwalk Pipeline’s ability to access the capital markets for equity and debt financing under reasonable terms depends on its financial condition, credit ratings and market conditions."}
{"_id": "d827744c2", "title": "", "text": "| For the fiscal years ended October 31, | 2019 | Dollars in millions | Net revenue | Loss from operations | Loss from operations as a % of net revenue | Total | Long-term debt (including future interest payments) | Contingent acquisition payments | Capital lease obligations | Operating leases | One-time transition tax liability | Guaranty on Refund Advance loans | Total contractual cash obligations |"}
{"_id": "d8b61c012", "title": "", "text": "| 10/30/2011 10/28/2012 10/27/2013 10/26/2014 10/25/2015 10/30/2016 | Applied Materials | S&P 500 Index | RDG Semiconductor Composite Index | (In millions) | Long-term debt including interest-1 (2) | Minimum operating lease payments-1 | Purchase obligations-1 | Income tax obligations | Total | Account Party/Borrower(s) | (In millions) | MetLife, Inc. | Exeter Reassurance Company Ltd., MetLife, Inc., & Missouri Reinsurance (Barbados), Inc. | Exeter Reassurance Company Ltd. | MetLife Reinsurance Company of South Carolina & MetLife, Inc. | MetLife Reinsurance Company of Vermont & MetLife, Inc. | MetLife Reinsurance Company of Vermont & MetLife, Inc. | Total |"}
{"_id": "d8c948244", "title": "", "text": "| Years Ended December 31, | Revenues | (in millions) | Domestic: | Orthodontic | GP | International | Total Invisalign | Other revenue | Total Revenue |"}
{"_id": "d85eea758", "title": "", "text": "A rollforward of the fair value measurements for trading and other securities measured at estimated fair value on a recurring basis using significant unobservable (Level 3) inputs for the year ended December 31, 2011, is as follows:"}
{"_id": "d88a4a2e0", "title": "", "text": "approximately $51 per ounce, decreased production and higher mining costs.\nMining costs were higher primarily due to sound abatement costs and increased contract maintenance, drilling rates, fuel and tire usage costs.\nGold ounces sold decreased in 2006 from 2005, due to lower mill throughput (harder ore), a decrease in mill ore grade and a decrease in roaster throughput resulting from a higher sulfur to gold ratio and adverse weather conditions.\nCosts applicable to sales per ounce increased due to lower production and increased labor, diesel and contract services.\nMilling costs also increased due to mill maintenance costs and higher grinding costs due to the harder ore.  Costs applicable to sales were also impacted by the change in accounting for open pit waste removal costs.\nIn 2005, $9 of mining costs was deferred which reduced Costs applicable to sales by $23 per ounce.\nJundee, Australia.\nGold ounces sold decreased in 2007 compared to 2006 as a result of lower production, partially offset by increased inventory sales.\nMill throughput decreased by 26% due to the consolidation of milling operations into one plant, partially offset by 28% higher mill ore grade.\nOpen pit mining concluded in the fourth quarter of 2007.\nUnderground mining operations will continue in 2008.\nCosts applicable to sales per ounce increased due to the strengthening of the Australian dollar, which increased Costs applicable to sales by approximately $42 per ounce, lower production, and higher underground mining and electricity generation costs.\nGold ounces sold decreased in 2006 from 2005, due to a 4% decrease in tons milled and a 6% decrease in mill ore grade.\nThe decrease in tons milled was attributable to severe weather conditions, flooding and an extended mill shutdown in the first half of the year.\nCosts applicable to sales per ounce increased due to lower gold production and higher maintenance costs, partially offset by reduced mining activity.\nWaihi, New Zealand.\nGold ounces sold decreased in 2007 compared to 2006 as a result of the transition to mining the Martha open pit south layback and Favona underground in 2007.\nCosts applicable to sales per ounce increased in 2007 compared to 2006 as a result of the strengthening of the New Zealand dollar which increased Costs applicable to sales by approximately $51 per ounce and lower production.\nGold ounces sold decreased in 2006 from 2005, primarily due to a 4% decrease in mill ore grade and a 20% decrease in mill throughput due to reduced open pit mining activity and the commencement of Favona ore treatment which requires finer grinding.\nCosts applicable to sales per ounce increased due to the decrease in gold production.\nDevelopment of the Boddington project was approximately 62% complete at December 31, 2007, with mill start-up still expected in late 2008 or early 2009.\nThe Company completed a definitive estimate to update the Companys share of Boddington capital costs, which are now expected to be between $1,400 and $1,600, up from $900 to $1,100, including the adverse impact of the strengthening Australian dollar exchange rate.\nIn 2007, the Company commenced a hedging program to reduce the variability of the Australian denominated capital expenditures related to Boddington.\nAs of December 31, 2007, we have hedged 32% of our forecasted Australian denominated capital expenditures in 2008.\nBatu Hijau Operations"}
{"_id": "d862f08f2", "title": "", "text": "| 2014 2013 | December 31, (in millions) | Loans(a) | Nonaccrual loans | Loans reported as trading assets | Loans | Subtotal | All other performing loans | Loans reported as trading assets | Loans | Total loans | Long-term debt | Principal-protected debt | Nonprincipal-protected debt(b) | Total long-term debt | Long-term beneficial interests | Nonprincipal-protected debt(b) | Total long-term beneficial interests |"}
{"_id": "d8d44bf42", "title": "", "text": "| Years Ended December 31 2018 2017 | Alliance revenue | Cost of sales-1 | Selling, general and administrative | Research and development-2 | December 31 | Receivables from AstraZeneca included inOther current assets | Payables to AstraZeneca included inAccrued and other current liabilities-3 | Payables to AstraZeneca includedOther Noncurrent Liabilities-3 |"}
{"_id": "d828efb9e", "title": "", "text": "NOTE 16 COMMITMENTS AND CONTINGENCIES The Company is obligated under various operating leases for office and manufacturing space, machinery, and equipment.\nFuture minimum lease payments under non-cancelable capital and operating leases (with initial or remaining lease terms in excess of one year) as of December 31:"}
{"_id": "d8f45905a", "title": "", "text": "NOTE 8 Goodwill and Intangible Assets Goodwill The table below presents goodwill balances by reporting unit and All Other at December 31, 2018 and 2017.\nThe reporting units utilized for goodwill impairment testing are the operating segments or one level below."}
{"_id": "d87508ab2", "title": "", "text": "| Payment Due by Period | Total | Notes | Operating lease obligations | Capital lease obligations | Purchase obligations | Total |"}
{"_id": "d8ae62362", "title": "", "text": "| December 31, | (Dollar amounts in millions) | Balance sheet data: | Cash and cash equivalents | Goodwill and intangible assets, net | Total assets-5 | Less: | Separate account assets-6 | Collateral held under securities lendingagreements-6 | Consolidated investment vehicles-7 | Adjusted total assets | Short-term borrowings | Convertible debentures | Long-term borrowings | Total borrowings | Total stockholders’ equity |"}
{"_id": "d86773d3e", "title": "", "text": "Table of Contents Noble Energy, Inc.  Index to Financial Statements Notes to Consolidated Financial Statements 115 Undeveloped Leasehold Costs Undeveloped leasehold costs as of December 31, 2016 totaled $2.2 billion, including $2.1 billion related to onshore US unproved properties, $105 million related to deepwater Gulf of Mexico unproved properties, and $32 million related to international unproved properties.\nWe evaluate our exploration opportunities as part of our periodic impairment review.\nIf, based upon a change in exploration plans, availability of capital and suitable rig and drilling equipment, resource potential, comparative economics, changing regulations and/or other factors, an impairment is indicated, we record either (1) impairment expense related to individually significant leases or (2) a decrease in the valuation of our pool of individually insignificant leases.\nDuring 2016, we completed our geological evaluation of certain deepwater Gulf of Mexico and offshore Falkland Islands leases and licenses and determined that several, representing $127 million of undeveloped leasehold cost, should be relinquished or exited.\nAs a result, we recognized $93 million of undeveloped leasehold impairment expense and recorded a $34 million decrease in our valuation pool of individually insignificant leases.\nNote 7.\nEquity Method Investments Equity Method Investments Equity method investments are included in other noncurrent assets in the consolidated balance sheets, and our share of earnings is reported as income from equity method investees in the consolidated statements of operations.\nOur share of income taxes incurred directly by the equity method investees is reported in income from equity method investees and is not included in our income tax provision in our consolidated statements of operations.\nInvestments accounted for under the equity method consist primarily of the following: ?50% interest in CONE Gathering LLC (CONE Gathering), which owns and operates natural gas gathering facilities servicing our properties in the Marcellus Shale; ?33.5% interest in CONE Midstream Partners, LP (CONE Midstream), a public master limited partnership, which constructs, owns and operates natural gas gathering and other midstream energy assets in support of our Marcellus Shale activities; ?45% interest in Atlantic Methanol Production Company, LLC (AMPCO), which owns and operates a methanol plant and related facilities in Equatorial Guinea; and ?28% interest in Alba Plant LLC (Alba Plant), which owns and operates a liquefied petroleum gas processing plant in Equatorial Guinea.\nCONE Midstream Dropdown Transaction In fourth quarter 2016, CONE Midstream, completed its first acquisition of midstream assets (dropdown) from CONE Gathering since its initial public offering in 2014.\nCONE Gathering subsequently distributed $70 million cash and additional CONE Midstream common units to us.\nWe currently own 7,110,638 common units and 14,581,560 subordinated units of CONE Midstream.\nEquity method investments are as follows:"}
{"_id": "d8cd348e4", "title": "", "text": "| 2013 2012 2011 | Dividend yield | Expected volatility | Risk-free interest rate | Expected life (years) | Exercise price | Grant date fair value per share |"}
{"_id": "d89e77650", "title": "", "text": "| Year Ended December 31, 2016 Year Ended December 31, 2015 | Life | (in millions) | Life Planner | Gibraltar Life: | Life Consultants | Banks-2 | Independent Agency | Subtotal | Total |"}
{"_id": "d8e01a832", "title": "", "text": "| (in millions) Balance at December 31, 2006 Issuances Maturities and Repayments Effect of Foreign Exchange Other Changes Balance at  December 31,  2007 | AIG | Notes and bonds payable | Junior subordinated debt | Loans and mortgages payable | MIP matched notes and bonds payable | Series AIGFP matched notes and bonds payable | AIGFP | GIAs | Notes and bonds payable and hybrid financial instrument liabilities | Loans and mortgages payable | AIGLH notes and bonds payable | Liabilities connected to trust preferred stock | ILFC notes and bonds payable | ILFC junior subordinated debt | AGF notes and bonds payable | AGF junior subordinated debt | AIGCFG loans and mortgages payable | Other subsidiaries | Total |"}
{"_id": "d8125cd28", "title": "", "text": "Purchased Intangible Assets The following table summarizes the Company’s aggregate purchased intangible assets, all of which are contract or program related intangible assets:"}
{"_id": "d8732144c", "title": "", "text": "Segment Disclosures The Company evaluates its business and allocates resources based on its reportable business segments: (i)?senior housing triple-net, (ii) SHOP, (iii) life science and (iv) medical office.\nThe Company has non-reportable segments that are comprised primarily of the Company’s debt investments, hospital properties, unconsolidated joint ventures, and U. K.  investments.\nThe accounting policies of the segments are the same as those described under Summary of Significant Accounting Policies (see Note?2).\nDuring the years ended December?31, 2018, 2017 and 2016, 22, 25 and 17 senior housing triple-net facilities, respectively, were transferred to the Company’s SHOP segment.\nWhen an asset is transferred from one segment to another, the results associated with that asset are included in the original segment until the date of transfer.\nResults generated after the transfer date are included in the new segment.\nGBP-denominated borrowings due primarily to fluctuations in the GBP to USD exchange rate are reported in accumulated other comprehensive income (loss) as the hedging relationship is considered to be effective.\nThe balance in accumulated other comprehensive income (loss) (loss of $2 million at December 31, 2018) will be reclassified to earnings when the Company sells its remaining U. K. ?investments.\nNote 23."}
{"_id": "d8f8466f4", "title": "", "text": "| 2004 2003 | Per Share | First quarter | Second quarter | Third quarter | Fourth quarter | Total |"}
{"_id": "d81ca2cec", "title": "", "text": "| Accruing | In millions | December 31, 2011 | Commercial | Commercial real estate | Equipment lease financing | Home equity | Residential real estate (b) | Credit card | Other consumer (c) | Total | Percentage of total loans | December 31, 2010 | Commercial | Commercial real estate | Equipment lease financing | Home equity | Residential real estate (b) | Credit card | Other consumer (c) | Total | Percentage of total loans |"}
{"_id": "d8d2c9c0a", "title": "", "text": "Other Assets The Company accounts for its interest in PennyMac as an equity method investment, which is included in other assets on the consolidated statements of financial condition.\nThe carrying value and fair value of the Companys interest (approximately 20% or 16 million shares and non-public units) was approximately $342 million and $348 million, respectively, at December 31, 2017 and approximately $301 million and $259 million, respectively, at December 31, 2016.\nThe fair value of the Companys interest reflected the PennyMac stock price at December 31, 2017 and 2016, respectively (a Level 1 input).\nThe fair value of the Companys interest in the non-public units held of PennyMac is based on the stock price of the PennyMac public securities at December 31, 2017 and 2016.12."}
{"_id": "d899fdb2e", "title": "", "text": "| December 31, 2016 | Lowest Rating Agency Rating | AAA | (in millions) | Collateralized by sub-prime mortgages-1 | Collateralized loan obligations | Collateralized by education loans-2 | Collateralized by credit cards | Collateralized by auto loans | Other asset-backed securities-3 | Total asset-backed securities-4 |"}
{"_id": "d8b8ed2dc", "title": "", "text": "Derivatives netting The following tables present, as of December 31, 2018 and 2017, gross and net derivative receivables and payables by contract and settlement type.\nDerivative receivables and payables, as well as the related cash collateral from the same counterparty, have been netted on the Consolidated balance sheets where the Firm has obtained an appropriate legal opinion with respect to the master netting agreement.\nWhere such a legal opinion has not been either sought or obtained, amounts are not eligible for netting on the Consolidated balance sheets, and those derivative receivables and payables are shown separately in the tables below.\nIn addition to the cash collateral received and transferred that is presented on a net basis with derivative receivables and payables, the Firm receives and transfers additional collateral (financial instruments and cash).\nThese amounts mitigate counterparty credit risk associated with the Firms derivative instruments, but are not eligible for net presentation: ?\ncollateral that consists of non-cash financial instruments (generally U. S.  government and agency securities and other G7 government securities) and cash collateral held at third party custodians, which are shown separately as Collateral not nettable on the Consolidated balance sheets in the tables below, up to the fair value exposure amount.  ?\nthe amount of collateral held or transferred that exceeds the fair value exposure at the individual counterparty level, as of the date presented, which is excluded from the tables below; and ?\ncollateral held or transferred that relates to derivative receivables or payables where an appropriate legal opinion has not been either sought or obtained with respect to the master netting agreement, which is excluded from the tables below."}
{"_id": "d8d637f5e", "title": "", "text": "| Net tangible assets acquired as of May 2, 2006 $24,800 | In-process research and development | Developed technology and know how | Customer relationship | Trade name | Deferred income taxes | Goodwill | Estimated Purchase Price |"}
{"_id": "d827f3d58", "title": "", "text": "Contractual Obligations: Presented in the following table are CMS Energy’s and Consumers’ contractual obligations for each of the periods presented.\nThe table excludes all amounts classified as current liabilities on CMS Energy’s and Consumers’ consolidated balance sheets, other than the current portion of long-term debt, capital leases, and financing obligation"}
{"_id": "d8671f414", "title": "", "text": "| Year Ended December 31 | ($ in millions) | Sales and service revenues | Segment operating income (loss) | As a percentage of segment sales |"}
{"_id": "d8135b170", "title": "", "text": "American International Group, Inc.  and Subsidiaries Survival Ratios-Asbestos and Environmental The following table presents AlG's survival ratios for asbestos and environmental claims for year-end 2006,2005 and 2004.\nThe survival ratio is derived by dividing the year end carried loss reserve by the average payments for the three most recent calendar years for these claims.\nTherefore, the survival ratio is a simplistic measure estimating the number of years it would be before the current ending loss reser ves for these claims would be paid off using recent year average payments.\nThe December 31, 2006 survival ratio is lower than the ratio at December 31,2005because the more recent periods included in the rolling average reflect higher claims payments.\nMany factors, such as aggressive settlement procedures, mix of business and level of coverage provided, have a significant effect on the amount of asbestos and environmental reserves and payments and the resultant survivalratio.\nThus, caution should be exercised in attempting to deter- mine reserve adequacy for these claims based simply on this survival ratio.\nAlG's survival ratios for asbestos and environmental claims, separately and combined were based upon a three-year average payment.\nThese ratios for the years ended December 31,2006,2005 and 2004 were as follows:"}
{"_id": "d881a7aa2", "title": "", "text": "(1) Equity securities primarily consist of investments in common and preferred stocks and mutual fund interests.\nSuch securities include private equity securities with an estimated fair value of $599 million and $238 million at December 31, 2007 and 2006, respectively.\nThe Company is not exposed to any significant concentrations of credit risk in its equity securities portfolio.\nThe Company is exposed to concentrations of credit risk related to U. S.  Treasury securities and obligations of U. S.  government corporations and agencies.\nAdditionally, at December 31, 2007 and 2006, the Company had exposure to fixed maturity securities backed by sub-prime mortgages with estimated fair values of $2.2 billion and $3.0 billion, respectively, and unrealized losses of $219 million and $5 million, respectively.\nThese securities are classified within asset-backed securities in the immediately preceding table.\nAt December 31, 2007, 32% have been guaranteed by financial guarantors, of which 55% was guaranteed by financial guarantors who remain Aaa rated in 2008.\nOverall, at December 31, 2007, $6.7 billion of the estimated fair value of the Company’s fixed maturity securities were credit enhanced by financial guarantors of which $2.5 billion, $2.5 billion and $1.7 billion at December 31, 2007, are included within state and political subdivisions, corporate securities and asset-backed securities, respectively, and 80% were guaranteed by financial guarantors who remain Aaa rated in 2008.\nFixed Maturity and Equity Security Impairment.\nThe Company classifies all of its fixed maturity and equity securities as available-for-sale and marks them to market through other comprehensive income, except for non-marketable private equities, which are generally carried at cost and trading securities which are carried at fair value with subsequent changes in fair value recognized in net investment income.\nAll securities with gross unrealized losses at the consolidated balance sheet date are subjected to the Company’s process for identifying other-than-temporary impairments.\nThe Company writes down to fair value securities that it deems to be other-than-temporarily impaired in the period the securities are deemed to be so impaired.\nThe assessment of whether such impairment has occurred is based on management’s case-by-case evaluation of the underlying reasons for the decline in fair value.\nManagement considers a wide range of factors, as described in “— Summary of Critical Accounting Estimates — Investments,” about the security issuer and uses its best judgment in evaluating the cause of the decline in the estimated fair value of the security and in assessing the prospects for near-term recovery.\nInherent in management’s evaluation of the security are assumptions and estimates about the operations of the issuer and its future earnings potential.\nThe Company’s review of its fixed maturity and equity securities for impairments includes an analysis of the total gross unrealized losses by three categories of securities: (i) securities where the estimated fair value had declined and remained below cost or amortized cost by less than 20%; (ii) securities where the estimated fair value had declined and remained below cost or amortized cost by 20% or more for less than six months; and (iii) securities where the estimated fair value had declined and remained below cost or amortized cost by 20% or more for six months or greater.\nWhile all of these securities are monitored for potential impairment, the Company’s experience indicates that the first two categories do not present as great a risk of impairment and, often, fair values recover over time as the factors that caused the declines improve.\nThe Company records impairments as investment losses and adjusts the cost basis of the fixed maturity and equity securities accordingly.\nThe Company does not change the revised cost basis for subsequent recoveries in value.\nImpairments of fixed maturity and equity securities were $106 million, $82 million and $64 million for the years ended December 31, 2007, 2006 and 2005, respectively.\nThe Company’s credit-related impairments of fixed maturity and equity securities were $86 million, $82 million and $64 million for the years ended December 31, 2007, 2006 and 2005, respectively.\nThe Company’s three largest impairments totaled $19 million, $33 million and $40 million for the years ended December 31, 2007, 2006 and 2005, respectively.\nThe circumstances that gave rise to these impairments were financial restructurings, bankruptcy filings or difficult underlying operating environments for the entities concerned.\nDuring the years ended December 31, 2007, 2006 and 2005, the Company sold or disposed of fixed maturity and equity securities at a loss that had a fair value of $46.8 billion, $70.3 billion and $93.9 billion, respectively.\nGross losses excluding impairments for fixed maturity and equity securities were $1.2 billion, $1.5 billion and $1.4 billion for the years ended December 31, 2007, 2006 and 2005, respectively"}
{"_id": "d82b4219e", "title": "", "text": "| Amortized Cost Estimated Fair Value | (thousands) | Due in one year or less | Due after one year through five years | Total |"}
{"_id": "d883caba4", "title": "", "text": "Managements discussion and analysis WHOLESALE CREDIT PORTFOLIO The Firms wholesale businesses are exposed to credit risk through underwriting, lending, market-making, and hedging activities with and for clients and counterparties, as well as through various operating services such as cash management and clearing activities.\nA portion of the loans originated or acquired by the Firms wholesale businesses is generally retained on the balance sheet.\nThe Firm distributes a significant percentage of the loans it originates into the market as part of its syndicated loan business and to manage portfolio concentrations and credit risk.\nThe wholesale credit portfolio, excluding Oil & Gas, continued to be generally stable throughout 2015, characterized by low levels of criticized exposure, nonaccrual loans and charge-offs.\nGrowth in loans retained was driven by increased client activity, notably in commercial real estate.\nDiscipline in underwriting across all areas of lending continues to remain a key point of focus.\nThe wholesale portfolio is actively managed, in part by conducting ongoing, in-depth reviews of client credit quality and transaction structure, inclusive of collateral where applicable; and of industry, product and client concentrations."}
{"_id": "d8bf79894", "title": "", "text": "| Total Equivalent Reserves  (Thousands barrels of oil equivalent) | United States | Proved developed reserves: | December 31, 2012 | December 31, 2013 | December 31, 2014 | December 31, 2015 | Proved undeveloped reserves: | December 31, 2012 | December 31, 2013 | December 31, 2014 | December 31, 2015 | Total proved reserves: | Balance December 31, 2012 | Extensions, discoveries and other additions | Purchase of minerals in-place | Revisions of previous estimates | Production | Sale of properties | Balance December 31, 2013 | Extensions, discoveries and other additions | Purchase of minerals in-place | Revisions of previous estimates | Production | Sale of properties | Balance December 31, 2014 | Extensions, discoveries and other additions | Purchase of minerals in-place | Revisions of previous estimates | Production | Sale of properties | Balance December 31, 2015 | Accounts and notes receivable | Inventory | Deferred income tax assets – current | Other current assets | Plants, properties and equipment | Financial assets of special purpose entities | Goodwill | Other intangible assets | Deferred charges and other assets | Total assets acquired | Notes payable and current maturities of long-term debt | Accounts payable and accrued liabilities | Long-term debt | Nonrecourse financial liabilities of special purpose entities | Deferred income tax liability | Pension benefit obligation | Postretirement and postemployment benefit obligation | Other liabilities | Total liabilities assumed | Net assets acquired |"}
{"_id": "d891f8492", "title": "", "text": "Interest Expense In order to modify exposure to interest rate and currency exchange rate movements, the Company utilizes derivative instruments, primarily interest rate swaps, in conjunction with some of its debt issues.\nThe impact of these derivative instruments are not reflected in the rates presented in the tables above.\nFor those derivative instruments that qualify for hedge accounting treatment, interest expense was increased by $7 million, $22 million and $23 million for the years ended December 31, 2015, 2014 and 2013, respectively.\nSee Note 21 for additional information on the Company’s use of derivative instruments.\nInterest expense for short-term and long-term debt was $1,328 million, $1,934 million and $1,419 million for the years ended December 31, 2015, 2014 and 2013, respectively.\nThis includes interest expense of $11 million, $11 million and $6 million for the years ended December 31, 2015, 2014 and 2013, respectively, reported in “Net investment income.\n” 15."}
{"_id": "d8aa759d4", "title": "", "text": "| Actual Estimate | (Millions of Dollars) | Regulated utility construction expenditures(a) | CECONY(b)(c) | Electric | Gas | Steam | Sub-total | O&R | Electric | Gas | Sub-total | Total regulated utility construction expenditures | Competitive energy businesses capital expenditures | Renewable and energy infrastructure projects | Other | Sub-total | Total capital expenditures | Retirement of long-term securities | Con Edison – parent company | CECONY(d) | O&R | Competitive energy businesses | Total retirement of long-term securities | Total capital requirements |"}
{"_id": "d860bbdde", "title": "", "text": "| High Low Dividends | 2006: | Fourth Quarter | Third Quarter | Second Quarter | First Quarter | 2005: | Fourth Quarter | Third Quarter | Second Quarter | First Quarter |"}
{"_id": "d86d78d4c", "title": "", "text": "(1)Loans secured primarily by real estate.\n(2)Unearned income on consumer loans primarily represents unamortized origination fees, costs, premiums and discounts.\nPrior to December 31, 2015, these items were more than offset by prepaid interest on loans outstanding issued by OneMain Financial.\nThe sale of OneMain Financial was completed in 2015.\n(3)Unearned income on corporate loans primarily represents interest received in advance, but not yet earned on loans originated on a discount basis.\n(4)All periods exclude loans that are carried at fair value."}
{"_id": "d812a0d70", "title": "", "text": "(a) Including sales tax on customers’ bills, total taxes other than income taxes in 2018 and 2017 were $2,628 and $2,495 million, respectively.\nOther Income (Deductions) Other income (deductions) decreased $6 million in 2018 compared with 2017 due primarily to an increase in non- service costs related to pension and other postretirement benefits.\nNet Interest Expense Net interest expense increased $66 million in 2018 compared with 2017 due primarily to higher debt balances in 2018.\nIncome Tax Expense Income taxes decreased $359 million in 2018 compared with 2017 due primarily to lower income before income tax expense ($56 million), a decrease in the corporate federal income tax rate due to the TCJA ($250 million), a decrease in tax benefits for plant-related flow items ($9 million) and an increase in the amortization of excess deferred federal income taxes due to the TCJA ($52 million), offset in part by non-deductible business expenses ($3 million) and a decrease in bad debt write-offs ($4 million).\nCECONY deferred as a regulatory liability its estimated net benefits for the 2018 period under the TCJA.\nSee “Other Regulatory Matters” in Note B to the financial statements in Item 8.\nO&R"}
{"_id": "d8177a94a", "title": "", "text": "In addition to temporary loan modifications, we may make available to a borrower a payment plan or a HAMP trial payment period.\nUnder a payment plan or a HAMP trial payment period, there is no change to the loan’s contractual terms so the borrower remains legally responsible for payment of the loan under its original terms.\nA payment plan involves the borrower paying the past due amounts over a short period of time, generally three months, in addition to the contractual payment amounts over that period upon which a borrower is brought current.\nDue to the short term nature of the payment plan there is a minimal impact to the ALLL.\nUnder a HAMP trial payment period, we establish an alternate payment, generally at an amount less than the contractual payment amount, for the borrower during this short time period.\nThis allows a borrower to demonstrate successful payment performance before permanently restructuring the loan into a HAMP modification.\nSubsequent to successful\nIn April 2011, the FASB issued ASU 2011-03 Transfers and Servicing (Topic 860), Reconsideration of Effective Control for Repurchase Agreements.\nThis ASU removes from the assessment of effective control (i) the criterion requiring the transferor to have the ability to repurchase or redeem the financial assets on substantially the agreed terms, even in the event of default by the transferee, and (ii) the collateral maintenance implementation guidance related to that criterion.\nOther criteria applicable to the assessment of effective control have not been changed by this ASU.\nThe adoption of ASU 2011-03 on January 1, 2012 did not have a material effect on our results of operations or financial position.\nNOTE 2 ACQUISITION AND DIVESTITURE ACTIVITY RBC BANK (USA) ACQUISITION On March 2, 2012, PNC acquired 100% of the issued and outstanding common stock of RBC Bank (USA), the US retail banking subsidiary of Royal Bank of Canada.\nAs part of the acquisition, PNC also purchased a credit card portfolio from RBC Bank (Georgia), National Association.\nPNC paid $3.6 billion in cash as consideration for the acquisition of both RBC Bank (USA) and the credit card portfolio.\nThe transactions added approximately $18.1 billion of deposits and $14.5 billion of loans to PNC’s Consolidated Balance Sheet.\nRBC Bank (USA), based in Raleigh, North Carolina, operated more than 400 branches in North Carolina, Florida, Alabama, Georgia, Virginia and South Carolina.\nThe primary reasons for the acquisition of RBC were to enhance shareholder value, to improve PNC’s competitive position in the financial services industry, and to further expand PNC’s existing branch network in the states where it currently operates as well as expanding into new markets.\nThe RBC Bank (USA) transactions noted above were accounted for using the acquisition method of accounting and, as such, assets acquired, liabilities assumed and consideration exchanged were recorded at their estimated fair value on the acquisition date.\nAll acquired loans were also recorded at fair value.\nNo allowance for loan losses was carried over and no allowance was created at acquisition.\nIn connection with the acquisition, the assets acquired, and the liabilities assumed, were recorded at fair value on the date of acquisition, as summarized in the following table: Table 55: RBC Bank (USA) Purchase Accounting (a) (b)"}
{"_id": "d87fae278", "title": "", "text": "Accruing Loans Past Due 30 To 59 Days"}
{"_id": "d877f368c", "title": "", "text": "While Ms.  Shanks and Mr.  Lewis are no longer CEO-Entergy Mississippi and principal financial officer for the Subsidiaries, respectively, Ms.  Shanks continues to participate in the Executive Incentive Plan, and Mr.  Lewis continues to participate in the Management Incentive Plan as they remain employees of Entergy since the contemplated Enexus separation has not occurred and Enexus remains a subsidiary of Entergy.\nNuclear Retention Plan Some of Entergy's executives, but not any of the Named Executive Officers, participate in a special retention plan for officers and other leaders with special expertise in the nuclear industry.\nThe Committee authorized the Plan to attract and retain management talent in the nuclear power field, a field which requires unique technical and other expertise that is in great demand in the utility industry.\nThe Plan provides for bonuses to be paid over a three-year employment period.\nSubject to continued employment with a participating company, a participating employee is eligible to receive a special cash bonus consisting of three payments, each consisting of an amount from 15% to 30% of such participant's base salary."}
{"_id": "d890cdb3a", "title": "", "text": "| (in millions) Premiums and Other Considerations Net Investment Income Net Realized Capital Gains (Losses) Total Revenues Operating Income (Loss) | 2007 | Life insurance | Personal accident | Group products | Individual fixed annuities | Individual variable annuities | Total | 2006 | Life insurance(a) | Personal accident | Group products | Individual fixed annuities | Individual variable annuities | Total | 2005 | Life insurance | Personal accident | Group products | Individual fixed annuities | Individual variable annuities | Total | Percentage Increase/(Decrease) 2007 vs. 2006: | Life insurance | Personal accident | Group products | Individual fixed annuities | Individual variable annuities | Total | Percentage Increase/(Decrease) 2006 vs. 2005: | Life insurance | Personal accident | Group products | Individual fixed annuities | Individual variable annuities | Total |"}
{"_id": "d864c91c4", "title": "", "text": "| 2008 2007 | (Dollars in billions) | United States | Australia | Great Britain | Spain | Italy | Portugal | Germany | Netherlands | Belgium | Greece | Other | Total conduit assets |"}
{"_id": "d8a28fc2e", "title": "", "text": "As of May 28, 2017, we did not any have cash and cash equivalents pledged as collateral for derivative contracts.\nAs of May 28, 2017, $19.6 million of certain accounts receivable were pledged as collateral against a foreign uncommitted line of credit.\nThe fair value and carrying amounts of long-term debt, including the current portion, were $8,547.0 million and $8,247.6 million, respectively, as of May 28, 2017.\nThe fair value of long-term debt was estimated using market quotations and discounted cash flows based on our current incremental borrowing rates for similar types of instruments.\nLong-term debt is a Level 2 liability in the fair value hierarchy."}
{"_id": "d8ab110be", "title": "", "text": "Net realized losses on other investments were $30 million in 2010, which reflected $30 million of other other-than-temporary impairments on joint ventures and partnerships and real estate investments.\nNet realized losses on other investments were $41 million in 2009, which included $48 million of other-than-temporary impairments on joint ventures and partnerships and losses on investment real estate in our asset management operations.\nDuring 2010, we recorded other-than-temporary impairments of $672 million in earnings, compared to total other-than-temporary impairments of $1,611 million recorded in earnings in 2009.\nThe following tables set forth, for the periods indicated, the composition of other-than-temporary impairments recorded in earnings attributable to the Financial Services Businesses by asset type, and for fixed maturity securities, by reason."}
{"_id": "d8ba76298", "title": "", "text": "| July 1, 2005 – December 31, 2005 January 1, 2005 – June 30, 2005 2004 2003 | Approximate risk-free interest rate | Expected life of option grants | Expected volatility of underlying stock | Expected volatility of underlying stock (ATC Mexico and ATC South America Plans) | Expected dividends |"}
{"_id": "d8bc3a250", "title": "", "text": "| In millions December 31 2011 December 31 2010 | Commercial lending | Commercial | Commercial real estate | Equipment lease financing | TOTAL COMMERCIAL LENDING | Consumer lending | Home equity | Residential real estate | Credit card | Other consumer | TOTAL CONSUMER LENDING | Total loans (a) (b) | In millions | Commercial and commercial real estate | Home equity lines of credit | Credit card | Other | Total (a) |"}
{"_id": "d822f82e0", "title": "", "text": "| 2018 $801,503 | 2019 | 2020 | 2021 | 2022 | Thereafter | Total |"}
{"_id": "d889958ae", "title": "", "text": "| 2003 2002 2001 | Cash, cash equivalents, and short-term investments | Accounts receivable, net | Inventory | Working capital | Days sales in accounts receivable (DSO) (a) | Days of supply in inventory (b) | Days payables outstanding (DPO) (c) | Annual operating cash flow |"}
{"_id": "d872c733e", "title": "", "text": "| At December 31, | (dollar amounts in millions) | Secured loans: | Real estate—commercial | Real estate—consumer | Vehicles | Receivables/Inventory | Machinery/Equipment | Securities/Deposits | Other | Total secured loans and leases | Unsecured loans and leases | Total loans and leases |"}
{"_id": "d8c3f3942", "title": "", "text": "| Year Ended December 31, | (in thousands) | Revenue: | Software licenses | Maintenance and service | Total revenue | Cost of sales: | Software licenses | Amortization | Maintenance and service | Total cost of sales | Gross profit | Operating expenses: | Selling, general and administrative | Research and development | Amortization | In-process research and development | Total operating expenses | Operating income | Interest expense | Interest income | Other income (expense), net | Income before income tax provision | Income tax provision | Net income |"}
{"_id": "d88a4a196", "title": "", "text": "RESTRICTED STOCK Restricted Stock Units Without Market ConditionsThe Company issues restricted stock units (RSUs) without market conditions under its long-term compensation plan.\nThe RSUs are generally granted based upon a percentage of the participants base salary.\nThe units have a three-year vesting schedule and vest in one-third increments over the three-year period.\nUnits granted prior to 2011 are required to be held for an additional two years before they can be converted into shares, and thus become transferable.\nThere is no such requirement for units granted in 2011.\nIn all circumstances, restricted stock units granted by AES do not entitle the holder the right, or obligate AES, to settle the restricted stock unit in cash or other assets of AES.\nFor the years ended December 31, 2011, 2010, and 2009, RSUs issued without a market condition had a grant date fair value equal to the closing price of the Companys stock on the grant date.\nThe Company does not discount the grant date fair values to reflect any post-vesting restrictions.\nRSUs without a market condition"}
{"_id": "d8b1ea232", "title": "", "text": "Note 13.\nDebt On April 28, 2008, the Company extended its committed unsecured revolving credit facility, dated as of April 28, 2006 (the Credit Facility), for an additional year.\nThe new expiration date of the Credit Facility is April 26, 2011.\nThe available funding under the Credit Facility will remain at $2,500,000 through April 27, 2010 and then decrease to $2,000,000 during the final year of the Credit Facility agreement.\nOther terms and conditions in the Credit Facility remain unchanged.\nThe Companys option to request that each lender under the Credit Facility extend its commitment was provided pursuant to the original terms of the Credit Facility agreement.\nBorrowings under the facility are available to provide liquidity in the event of one or more settlement failures by MasterCard International customers and, subject to a limit of $500,000, for general corporate purposes.\nA facility fee of 8 basis points on the total commitment, or approximately $2,030, is paid annually.\nInterest on borrowings under the Credit Facility would be charged at the London Interbank Offered Rate (LIBOR) plus an applicable margin of 37 basis points or an alternative base rate, and a utilization fee of 10 basis points would be charged if outstanding borrowings under the facility exceed 50% of commitments.\nThe facility fee and borrowing cost are contingent upon the Companys credit rating.\nThe Company also agreed to pay upfront fees of $1,250 and administrative fees of $325 for the Credit Facility which are being amortized straightline over three years.\nFacility and other fees associated with the Credit Facility or prior facilities totaled $2,353, $2,477 and $2,717 for each of the years ended December 31, 2008, 2007 and 2006, respectively.\nMasterCard was in compliance with the covenants of the Credit Facility and had no borrowings under the Credit Facility at December 31, 2008 or December 31, 2007.\nThe majority of Credit Facility lenders are customers or affiliates of customers of MasterCard International.\nIn June 1998, MasterCard International issued ten-year unsecured, subordinated notes (the Notes) paying a fixed interest rate of 6.67% per annum.\nMasterCard repaid the entire principal amount of $80,000 on June 30,"}
{"_id": "d87180dfe", "title": "", "text": "| In millions of dollars, except as otherwise noted-1 2018 2017 2016 % Change2018 vs. 2017 % Change2017 vs. 2016 | Net interest revenue | Non-interest revenue | Total revenues, net of interest expense | Total operating expenses | Net credit losses | Credit reserve build (release) | Provision (release) for unfunded lending commitments | Provisions for credit losses | Income from continuing operations before taxes | Income taxes | Income from continuing operations | Noncontrolling interests | Net income | Balance Sheet data and ratios(in billions of dollars) | Average assets | Return on average assets | Efficiency ratio | Average deposits | Net credit losses as a percentage of average loans | Revenue by business | Retail banking | Citi-branded cards | Total | Income from continuing operations by business | Retail banking | Citi-branded cards | Total |"}
{"_id": "d86c770ce", "title": "", "text": "| Assumptions 2007 2006 2005 | Expected volatility rate | Expected dividend yield | Average risk-free interest rate | Expected forfeiture rate | Expected term years |"}
{"_id": "d8f094488", "title": "", "text": "ITEM 7.\nMANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS The following discussion and analysis should be read in conjunction with the consolidated financial statements and accompanying notes included in Item 8 of this Annual Report.\nExecutive Summary Financial Highlights and Trends In 2012, we generated net sales of $7.249 billion, as compared to $7.622 billion in 2011, a decrease of $373 million, or five percent.\nOur net sales were unfavorably impacted by $123 million from foreign currency fluctuations in 2012 as compared to 2011 and sales related to our divested Neurovascular business declined $19 million in 2012.\nRefer to Note CDivestitures and Assets Held for Sale included in Item 8 of this Annual Report for additional information on the Neurovascular divestiture.\nExcluding the impact of foreign currency and sales from divested businesses, our net sales decreased $232 million, or three percent, as compared to the prior year.\nThis decrease was due primarily to constant currency declines in net sales from our Interventional Cardiology business of $266 million and Cardiac Rhythm Management (CRM) business of $145 million.\nThese decreases were partially offset by constant currency increases in net sales from our Endoscopy business of $84 million, from our Peripheral Interventions business of $56 million, and net sales from our Neuromodulation business of $32 million, as compared to the same period in the prior year.1 Refer to the Business and Market Overview section for further discussion of our sales results.\nOur reported net loss in 2012 was $4.068 billion, or $2.89 per share.\nOur reported results for 2012 included goodwill and intangible asset impairment charges; acquisition- and divestiturerelated net credits, restructuring- and litigation-related charges; discrete tax items and amortization expense (after-tax) of $5.001 billion, or $3.55 per share.\nExcluding these items, net income for 2012 was $933 million, or $0.66 per share1.\nOur reported net income in 2011 was $441 million, or $0.29 per share.\nOur reported results for 2011 included goodwill and intangible asset impairment charges; acquisition-, divestiture-, restructuring- and litigation-related charges and credits; discrete tax items; and amortization expense (after-tax) of $577 million, or $0.38 per share.\nExcluding these items, net income for 2011 was $1.018 billion, or $0.67 per share1.\nThe following is a reconciliation of our results of operations prepared in accordance with U. S.  GAAP to those adjusted results considered by management.\nRefer to Results of Operations for a discussion of each reconciling item:"}
{"_id": "d8bf4f33c", "title": "", "text": "| Site Location Start Court or Agency % of Total Liability | Borne Chemical | Metal Bank of America | Ellis Road | Twelve Months Ended | (millions of dollars) | Operating revenues | Gas purchased for resale | Net revenues | Operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Gas operating income | Thousands of dths Delivered | Twelve Months Ended | Description | Residential | General | Firm transportation | Total firm sales and transportation | Interruptible sales(a) | NYPA | Generation plants | Other | Other operating revenues | Total |"}
{"_id": "d814a3aa0", "title": "", "text": "| Preferred Stock Common Stock | Issued | 2004: | Balance at January 1, 2004 | Issuance of common stock due to exercise of stock options | Treasury stock acquired | Retirement of treasury stock | Balance at December 31, 2004 | 2005: | Issuance of common stock due to exercise of stock options | Treasury stock acquired | Retirement of treasury stock | Balance at December 31, 2005 | 2006: | Grants of restricted stock | Issuance of common stock due to exercise of stock options | Treasury stock acquired | Retirement of treasury stock | Balance at December 31, 2006 |"}
{"_id": "d89f40956", "title": "", "text": "| December 31, | 2016 | Variable annuity | VUL insurance | Other insurance | Threadneedle investment liabilities | Total |"}
{"_id": "d8622c754", "title": "", "text": "| Name and Location Number of Rooms Owned, Leased or Managed | Loews Annapolis Hotel Annapolis, Maryland | Loews Coronado Bay San Diego, California | Loews Denver Hotel Denver, Colorado | The Don CeSar, a Loews Hotel St. Pete Beach, Florida | Hard Rock Hotel, at Universal Orlando Orlando, Florida | Loews Lake Las Vegas Henderson, Nevada | Loews Le Concorde Hotel Quebec City, Canada | The Madison, a Loews Hotel Washington, D.C. | Loews Miami Beach Hotel Miami Beach, Florida | Loews New Orleans Hotel New Orleans, Louisiana | Loews Philadelphia Hotel Philadelphia, Pennsylvania | Loews Portofino Bay Hotel, at Universal Orlando Orlando, Florida | Loews Regency Hotel New York, New York | Loews Royal Pacific Resort at Universal Orlando Orlando, Florida | Loews Santa Monica Beach Hotel Santa Monica, California | Loews Vanderbilt Hotel Nashville, Tennessee | Loews Ventana Canyon Tucson, Arizona | Loews Hotel Vogue Montreal, Canada |"}
{"_id": "d86f2b0a4", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements Reconciliation of select financial information The tables below present certain financial information for the Company’s reportable segments:"}
{"_id": "d8d2245ca", "title": "", "text": "| Tower Cash Flow, for the three months ended December 31, 2005 $139,590 | Consolidated Cash Flow, for the twelve months ended December 31, 2005 | Less: Tower Cash Flow, for the twelve months ended December 31, 2005 | Plus: four times Tower Cash Flow, for the three months ended December 31, 2005 | Adjusted Consolidated Cash Flow, for the twelve months ended December 31, 2005 | Non-Tower Cash Flow, for the twelve months ended December 31, 2005 | For the Years Ended December 31, | 2015 | Statutory rate | State taxes | Taxes on foreign earnings | Credits and net operating loss utilization | Purchased intangible assets | Manufacturing deduction | Other permanent items | Contingent consideration and other | Effective tax rate | (In millions) | Minimum lease payments -1 | Less: income from subleases | Net minimum lease payments | For the Years Ended December 31, | 2015 | (In millions) | Multiple Sclerosis (MS): | TECFIDERA | AVONEX | PLEGRIDY | TYSABRI | FAMPYRA | Hemophilia: | ELOCTATE | ALPROLIX | Other product revenues: | FUMADERM | Total product revenues | December 31, 2015 (In millions) | Product revenues from external customers | Unconsolidated joint business revenues | Other revenues from external customers | Long-lived assets | December 31, 2014 (In millions) | Product revenues from external customers | Unconsolidated joint business revenues | Other revenues from external customers | Long-lived assets | December 31, 2013 (In millions) | Product revenues from external customers | Unconsolidated joint business revenues | Other revenues from external customers | Long-lived assets |"}
{"_id": "d8be45ec8", "title": "", "text": "| Sensitivity of Disclosures to Changes in Selected Assumptions | 25 BP Decrease inDiscount Rate | (DOLLARS IN THOUSANDS) | U.S. Pension Plans | Non-U.S. Pension Plans | Postretirement Benefit Plan |"}
{"_id": "d8f4a86a0", "title": "", "text": "| December 31, 2016 – in billions DomesticCertificatesof Deposit | Three months or less | Over three through six months | Over six through twelve months | Over twelve months | Total |"}
{"_id": "d89348bd0", "title": "", "text": "| Revenue  Years ended December 31, Long-Lived Assets  December 31, | 2006 | U.S. | International: | U.K. | All Other Europe | Asia Pacific | Latin America | Other | Total international | Total consolidated |"}
{"_id": "d85da442a", "title": "", "text": "| (Dollar amounts in millions) 2006 Percent change 2005 Percent change 2004 | Salaries and bonuses | Employee benefits: | Employee health and insurance | Retirement | Payroll taxes and other | Total benefits | Total salaries and employee benefits | Full-time equivalent employees (“FTEs”) at December 31 |"}
{"_id": "d8bb34158", "title": "", "text": "| Total Number ofShares (or Units)Purchased1 Average Price Paidper Share (or Unit)2 Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs3 Maximum Number (orApproximate Dollar Value)of Shares (or Units)that May Yet Be PurchasedUnder the Plans orPrograms3 | October 1 - 31 | November 1 - 30 | December 1 - 31 | Total |"}
{"_id": "d8d1c5bb0", "title": "", "text": "| Balance at May 31, 2014 $-7,199 | Utilization of foreign net operating loss carryforwards | Other | Balance at May 31, 2015 | Allowance for foreign income tax credit carryforward | Allowance for domestic net operating loss carryforwards | Allowance for domestic net unrealized capital loss | Release of allowance of domestic capital loss carryforward | Other | Balance at May 31, 2016 | Allowance for domestic net operating loss carryforwards | Release of allowance of domestic net unrealized capital loss | Balance at December 31, 2016 | Allowance for foreign net operating loss carryforwards | Allowance for domestic net operating loss carryforwards | Allowance for state credit carryforwards | Rate change on domestic net operating loss and capital loss carryforwards | Utilization of foreign income tax credit carryforward | Balance at December 31, 2017 |"}
{"_id": "d8d6c5d72", "title": "", "text": "| Estimated Exposure toNet Interest Revenue | (Dollars in millions) | Rate change: | +100 bps shock | –100 bps shock | +100 bps ramp | –100 bps ramp |"}
{"_id": "d8a616ba4", "title": "", "text": "| Year ended December 31,(in millions) 2016 2015 2014 | Realized gains | Realized losses | OTTI losses | Net securities gains | OTTI losses | Credit losses recognized in income | Securities the Firm intends to sell(a) | Total OTTI losses recognized in income |"}
{"_id": "d8ac0cb08", "title": "", "text": "| 2009 | Amortized Cost | (in millions) | Fixed maturities, available for sale | U.S. Treasury securities and obligations of U.S. government authorities and agencies | Obligations of U.S. states and their political subdivisions | Foreign government bonds | Corporate securities | Asset-backed securities-1 | Commercial mortgage-backed securities | Residential mortgage-backed securities-2 | Total fixed maturities, available for sale | Equity securities, available for sale | December 31, 2009 | Carrying Amount | Assets: | Fixed maturities, held to maturity | Commercial mortgage and other loans-1 | Policy loans | Wachovia Securities “lookback” option | Liabilities: | Policyholder account balances—investment contracts | Short-term and long-term debt-1 | Debt of consolidated VIEs | Bank customer liabilities | Year Ended December 31, | 2009 | Other-than-temporary impairments recorded in earnings—Financial Services Businesses-1 | Public fixed maturity securities | Private fixed maturity securities | Total fixed maturity securities | Equity securities | Other invested assets-2 | Total |"}
{"_id": "d8dbf2f7a", "title": "", "text": "| Company Index December 31, 2013 December 31, 2014 December 31, 2015 December 31, 2016 December 31, 2017 December 31, 2018 | Aptiv PLC -1 | S&P 500 -2 | Automotive Peer Group -3 |"}
{"_id": "d8f3fd606", "title": "", "text": "| Gold Ounces Sold-1 Costs Applicable to Sales-2 Amortization | 2009 | (in thousands) | Ahafo, Ghana |"}
{"_id": "d8bfe6052", "title": "", "text": "| December 31, 2007 | Proved Developed Reserves | United States | Natural gas (Bcf) | Crude oil (MMBbls) | Total US (MMBoe) | International | Natural gas (Bcf) | Crude oil (MMBbls) | Total International (MMBoe) | Worldwide | Natural gas (Bcf) | Crude oil (MMBbls) | Total Worldwide (MMBoe) |"}
{"_id": "d8c7a8ec0", "title": "", "text": "| Year Ended December 31, 2017 | PFI Excluding Closed Block Division and Japanese Operations | Yield-1 | ($ in millions) | Fixed maturities-2 | Assets supporting experience-rated contractholder liabilities | Equity securities | Commercial mortgage and other loans | Policy loans | Short-term investments and cash equivalents | Gross investment income | Investment expenses | Investment income after investment expenses | Other invested assets-3 | Investment results of other entities and operations-4 | Total investment income | Year Ended December 31, 2016 | PFI Excluding Closed Block Division and Japanese Operations | Yield-1 | ($ in millions) | Fixed maturities-2 | Assets supporting experience-rated contractholder liabilities | Equity securities | Commercial mortgage and other loans | Policy loans | Short-term investments and cash equivalents | Gross investment income | Investment expenses | Investment income after investment expenses | Other invested assets-3 | Investment results of other entities and operations-4 | Total investment income |"}
{"_id": "d87b641e0", "title": "", "text": "Troubled Debt Restructurings TDRs include loan modifications completed under our programs that involve granting an economic concession to a borrower experiencing financial difficulty, as well as loans that have been charged-off based on the estimated current value of the underlying property less estimated selling costs due to bankruptcy notification.\nAt December 31, 2013, we had $189.0 million net investment of TDRs that had been charged-off due to bankruptcy notification, $105.5 million of which were classified as performing The following table shows the TDRs by delinquency category at December 31, 2013 and 2012 (dollars in millions)"}
{"_id": "d887d2cb0", "title": "", "text": "| Equipment operations $3,836 $2,898 $2,302 | Financial services | Total | Outside U.S. and Canada: | Equipment operations | Financial services | Total | Total | Property and equipment | U.S. | Germany | Other countries | Total |"}
{"_id": "d87a5cdec", "title": "", "text": "Segment profits are comprised of segment revenues less certain elements of materials and production costs and operating expenses, including components of equity income or loss from affiliates and depreciation and amortization expenses.\nFor internal management reporting presented to the chief operating decision maker, Merck does not allocate production costs, other than standard costs, research and development expenses or general and administrative expenses, nor the cost of financing these activities.\nSeparate divisions maintain responsibility for monitoring and managing these costs, including depreciation related to fixed assets utilized by these divisions and, therefore, they are not included in segment profits.\nAlso excluded from the determination of segment profits are the arbitration settlement charge, the gain on the divestiture of the JJMCP joint venture and a gain on the sale of certain manufacturing facilities and related assets recorded in 2011, the charge for the Vioxx Liability Reserve and the income recognized on AstraZeneca’s asset option exercise both recognized in 2010 and the gains related to the MSP Partnership and the disposition of Merial in 2009.\nIn addition, the amortization of purchase accounting adjustments and other acquisition-related costs, intangible asset impairment charges, restructuring costs, taxes paid at the joint venture level and a portion of equity income are also excluded from the determination of segment profits.\nAdditionally, segment profits do not reflect other expenses from corporate and manufacturing cost centers and other miscellaneous income or expense.\nThese unallocated items are reflected in “Other” in the above table.\nAlso included in “Other” are miscellaneous corporate profits, operating profits related to third-party manufacturing sales, divested products or businesses, as well as other supply sales.\nPharmaceutical segment profits rose 7% in 2011 driven largely by the increase in sales and the gross margin improvement discussed above.\nPharmaceutical segment profits increased 52% in 2010 driven largely by the inclusion of legacy Schering-Plough results."}
{"_id": "d8ca63d7c", "title": "", "text": "| In millions Unpaid Principal Balance Recorded Investment (a) Associated Allowance (b) Average Recorded Investment (a) | December 31, 2012 | Impaired loans with an associated allowance | Commercial | Commercial real estate | Home equity (c) | Residential real estate (c) | Credit card (c) | Other consumer (c) | Total impaired loans with an associated allowance | Impaired loans without an associated allowance | Commercial | Commercial real estate | Total impaired loans without an associated allowance | Total impaired loans | December 31, 2011 | Impaired loans with an associated allowance | Commercial | Commercial real estate | Home equity | Residential real estate | Credit card | Other consumer | Total impaired loans with an associated allowance | Impaired loans without an associated allowance | Commercial | Commercial real estate | Total impaired loans without an associated allowance | Total impaired loans |"}
{"_id": "d8a3e1a96", "title": "", "text": "pension business in the prior period and an increase in other expenses, primarily related to expenses associated with DAC, interest expense, minority interest expense and equity compensation costs.\nRevenues and Expenses Premiums, Fees and Other Revenues Premiums, fees and other revenues increased by $2,595 million, or 9%, to $32,554 million for the year ended December 31, 2006 from $29,959 million for the comparable 2005 period.\nExcluding the impact of the acquisition of Travelers, which contributed $945 million during the first six months of 2006 to the year over year increase, premiums, fees and other revenues increased by $1,650 million.\nThe following table provides the change in premiums, fees and other revenues by segment, excluding Travelers:"}
{"_id": "d8f536e32", "title": "", "text": "| 2015 2014 | (Dollars in millions) | Net debt includes: | Current borrowings | Long-term borrowings | Unamortized debt discount | Total debt | Less: Cash and cash equivalents | Net debt | Total capital includes: | Net debt | Common shareholders’ equity | Total capital | Percent of net debt to total capital |"}
{"_id": "d8cf9f278", "title": "", "text": "| Year ending March 31, Operating Leases | 2004 | 2005 | 2006 | 2007 | 2008 | Thereafter | Total future minimum lease payments |"}
{"_id": "d89d96d58", "title": "", "text": "| Year Ended December 31, | 2010 | Average Variable Transaction Fee Per Million | U.S. high-grade — fixed rate | U.S. high-grade — floating rate | Total U.S. high-grade | Eurobond | Other | Total |"}
{"_id": "d8ad37730", "title": "", "text": "| Quoted Prices in Active Markets for Identified Assets (Level1) Significant Other Observable Inputs (Level 2) Significant Other Unobservable Inputs (Level 3) Total | Cash and cash equivalents | Equity securities: | U.S. large capitalization | U.S. small and mid-capitalization | International | Debt securities: | Corporate bonds | Municipal bonds | U.S. treasury and agency securities | Asset-backed securities | Other | Total | Plus: Medical benefit assets at December 31(a) | Less: Net payables at December31(b) | Fair value of postretirement benefit plans assets at year end |"}
{"_id": "d87a7e17c", "title": "", "text": "Processing fees and other revenue increased $9 million over 2003, as a result of improved earnings from unconsolidated affiliates, largely offset by a decrease of $47 million in payments made by Deutsche Bank AG in consideration of net interest revenue earned from GSS customer deposits.\nThese deposits were held by Deutsche Bank AG until customers and their related deposits were converted to our systems.\nIn addition, processing fees in 2003 included an unrealized gain of $23 million on the mark-to-market of variable-share repurchase contracts, known as SPACESSM, for shares of our common stock; an other-than-temporary impairment charge of $27 million resulting from the write-down of certain investment securities; and a $13 million loss on sales of certain real estate.\nNet gains on sales of available-for-sale securities were $26 million in 2004, up from $23 million in 2003.\nNet interest revenue for 2004 increased $49 million from 2003, due to an increase in our average balance sheet driven by a higher level of customer deposits, including the conversion of GSS customers, somewhat offset by lower interest-rate spreads.\nThe 2004 amount reflected a $19 million cumulative charge to interest revenue, which resulted from a change in effective state tax rate assumptions used for recognition of income from leveraged lease transactions.\nWe reduced the allowance for loan losses in 2004 by recording an $18 million benefit in the related income statement provision in response to reduced credit exposure and improved credit quality."}
{"_id": "d8c1ec342", "title": "", "text": "| 2012 2011 | (DOLLARS IN THOUSANDS) | Cash and cash equivalents-1 | Credit facilities and bank overdrafts-2 | Long-term debt:-3 | Senior notes — 2007 | Senior notes — 2006 |"}
{"_id": "d8e18a2d0", "title": "", "text": "Stock Price Performance The following graph shows a comparison of the cumulative total return on our common stock, the Standard & Poor’s 500 Index and the Standard & Poor’s Retail Index.\nThe graph assumes that the value of an investment in our common stock and in each such index was $100 on December 31, 2011, and that any dividends have been reinvested.\nThe comparison in the graph below is based solely on historical data and is not intended to forecast the possible future performance of our common stock.\nCOMPARISON OF CUMULATIVE TOTAL RETURN AMONG ADVANCE AUTO PARTS, INC. , S&P 500 INDEX AND S&P RETAIL INDEX"}
{"_id": "d8e39a3cc", "title": "", "text": "| Pension Benefits Other Postretirement Benefits | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 - 2026 | Total |"}
{"_id": "d81c286ea", "title": "", "text": "| December 31, | 2011 | (Dollars in thousands) | Assets carried at fair value | As a percentage of total assets | Liabilities carried at fair value | As a percentage of total liabilities | Level 1 and 2 | Percentage of assets measured at fair value |"}
{"_id": "d8f5a2164", "title": "", "text": "| In millions 2012 2011 2010 | Revenue (loss) (a) | Expense (b) | Cash receipts (c) | Cash payments (d) |"}
{"_id": "d81bc4c58", "title": "", "text": "| In millions of dollars 2010 2009 2008 % Change 2010 vs. 2009 % Change 2009 vs. 2008 | Net interest revenue | Non-interest revenue | Revenues, net of interest expense | Total operating expenses | Net credit losses | Provision (releases) for unfunded lending commitments | Credit reserve builds (releases) | Provisions for credit losses and for benefits and claims | Income (loss) from continuing operations before taxes | Income taxes (benefits) | Net income (loss) from continuing operations | Net income (loss) attributable to noncontrolling interests | Net income (loss) | EOP assets(in billions of dollars) |"}
{"_id": "d8de580c6", "title": "", "text": "| Gain (Loss) Recognized in OCI Location of Gain (Loss)Recognized in Income1 Gain (Loss) Reclassified from AOCI into Income (Effective Portion) Gain (Loss) Recognized in Income (Ineffective Portion and Amount Excluded from Effectiveness Testing) | 2017 | Foreign currency contracts | Foreign currency contracts | Foreign currency contracts | Foreign currency contracts | Foreign currency contracts | Interest rate contracts | Commodity contracts | Commodity contracts | Total | 2016 | Foreign currency contracts | Foreign currency contracts | Foreign currency contracts | Foreign currency contracts | Interest rate contracts | Commodity contracts | Total | 2015 | Foreign currency contracts | Foreign currency contracts | Foreign currency contracts | Foreign currency contracts | Interest rate contracts | Commodity contracts | Total |"}
{"_id": "d89ff7c32", "title": "", "text": "| Retail Group,Voluntary& WorksiteBenefits CorporateBenefitFunding LatinAmerica Asia EMEA Corporate& Other Total | (In millions) | Total revenues | Less: Net investment gains (losses) | Less: Net derivative gains (losses) | Less: Adjustments related to net investment gains (losses) and net derivative gains (losses) | Less: Other adjustments to revenues -1 | Total operating revenues | Total expenses | Less: Adjustments related to net investment gains (losses) and net derivative gains (losses) | Less: Other adjustments to expenses -1 | Total operating expenses | Retail | (In millions) | Total revenues | Less: Net investment gains (losses) | Less: Net derivative gains (losses) | Less: Adjustments related to net investment gains (losses) and net derivative gains (losses) | Less: Other adjustments to revenues -1 | Total operating revenues | Total expenses | Less: Adjustments related to net investment gains (losses) and net derivative gains (losses) | Less: Other adjustments to expenses -1 | Total operating expenses | Retail | (In millions) | Total revenues | Less: Net investment gains (losses) | Less: Net derivative gains (losses) | Less: Adjustments related to net investment gains (losses) and net derivative gains (losses) | Less: Other adjustments to revenues -1 | Total operating revenues | Total expenses | Less: Adjustments related to net investment gains (losses) and net derivative gains (losses) | Less: Other adjustments to expenses -1 | Total operating expenses |"}
{"_id": "d88ac74f2", "title": "", "text": "| Year ended December 31, | (Dollars in thousands) | Balance, beginning of year | Charge-offs: | Commercial loans: | Software | Hardware | Venture capital/private equity | Life science | Premium wine | Other | Total commercial loans | Consumer loans | Total charge-offs | Recoveries: | Commercial loans: | Software | Hardware | Venture capital/private equity | Life science | Premium wine | Other | Total commercial loans | Consumer loans | Total recoveries | Provision for loan losses | Balance, end of year |"}
{"_id": "d8f25f6aa", "title": "", "text": "(a)  See Note 22 to the consolidated financial statements for revision.\nCash provided by operating activities for continuing operations increased by $123 million for 2008 as compared to 2007.\nThe increase is primarily attributable to changes in other current liabilities due to timing for interest payable and accounts payable and an increase in recoverable gas and electric costs.\nThis increase was partially offset by changes in working capital activity due to increased inventory, contributions for pension and non-pension postretirement benefits, and an increase in net regulatory assets and liabilities.\nThe increased inventory reflects the higher cost of natural gas combined with an increase in storage contracts.\nThe increase in net regulatory assets and liabilities reflects the increase in pension funding obligation, and the decrease in fair value of the investments in the decommissioning fund, partially offset by the decrease in the asset retirement obligation for the extended life of the nuclear facilities.\nCash provided by operating activities for discontinued operations decreased $75 million, primarily due to decreased income taxes received during 2008.\nCash provided by operating activities for continuing operations decreased by $169 million during 2007.\nThe decrease was primarily due to changes in working capital activity primarily the timing of accounts receivables and unbilled revenues.\nThe decrease in cash provided by operations was partially offset by the collection of recoverable purchased"}
{"_id": "d86f0e792", "title": "", "text": "Available-for-sale securities included in current marketable securities were $819 million at December 31, 2013.\nNon-current availablefor-sale corporate debt securities maturing within five years were $3,735 million at December 31, 2013.\nAuction rate securities maturing beyond 10 years were $12 million at December 31, 2013.\nFair Value Option for Financial Assets The Company invests in equity and fixed income funds that are designed to offset the changes in fair value of certain employee retirement benefits.\nInvestments in equity and fixed income funds are included in current marketable securities and were $74 million and $46 million, respectively, at December 31, 2013 and $57 million and $47 million, respectively, at December 31, 2012.\nInvestment income resulting from the change in fair value for the investments in equity and fixed income funds was $14 million in 2013 and $5 million in 2012.\nQualifying Hedges The following summarizes the fair value of outstanding derivatives:\nCash Flow Hedges ¡ª Foreign currency forward contracts are primarily utilized to hedge forecasted intercompany inventory purchase transactions in certain foreign currencies.\nThese forward contracts are designated as cash flow hedges with the effective portion of changes in fair value being temporarily reported in accumulated OCI and recognized in earnings when the hedged item affects earnings.\nThe net gains on foreign currency forward contracts are expected to be reclassified to cost of products sold within the next two years, including $14 million of pre-tax gains to be reclassified within the next 12 months.\nThe notional amount of outstanding foreign currency forward contracts was primarily attributed to the Euro ($780 million) and Japanese yen ($247 million) at December 31, 2013.\nCash flow hedge accounting is discontinued when the forecasted transaction is no longer probable of occurring on the originally forecasted date, or 60 days thereafter, or when the hedge is no longer effective.\nAssessments to determine whether derivatives designated as qualifying hedges are highly effective in offsetting changes in the cash flows of hedged items are performed at inception and on a quarterly basis.\nAny ineffective portion of the change in fair value is included in current period earnings.\nThe earnings impact related to discontinued cash flow hedges and hedge ineffectiveness was not significant during all periods presented."}
{"_id": "d8c79128e", "title": "", "text": "| 2016 2015 | Deferred tax assets: | Inventory reserves | Deferred income on shipments to distributors | Reserves for compensation and benefits | Tax credit carryovers | Stock-based compensation | Depreciation | Acquisition-related costs | Other | Total gross deferred tax assets | Valuation allowance | Total deferred tax assets | Deferred tax liabilities: | Depreciation | Undistributed earnings of foreign subsidiaries | Acquisition-related intangibles | Other | Total gross deferred tax liabilities | Net deferred tax liabilities |"}
{"_id": "d8dbe538e", "title": "", "text": "Table of Contents laws are sought in the United States and other countries through reform of patent and other relevant laws and implementation of international treaties.\nThe Company has the following key U. S.  patent protection for drug candidates under review in the United States by the FDA.\nAdditional patent term may be provided for these pipeline candidates based on Patent Term Restoration and Pediatric Exclusivity."}
{"_id": "d8c518e1c", "title": "", "text": "| (Dollars in millions) 2009 2008 2007 | Severance and employee-related charges | Systems integrations and related charges | Other | Total merger and restructuring charges |"}
{"_id": "d86ba97f0", "title": "", "text": "| Pension Benefits Other Postretirement Benefits | 2009 | Fair value of plan assets at January 1 | Actual return on plan assets | Company contributions | Schering-Plough merger | Effects of exchange rate changes | Benefits paid | Other | Fair value of plan assets at December 31 | Benefit obligation at January 1 | Service cost | Interest cost | Schering-Plough merger | Actuarial losses (gains) | Benefits paid | Effects of exchange rate changes | Plan amendments | Curtailments | Termination benefits | Other | Benefit obligation at December 31 | Funded status at December 31 | Recognized as: | Other assets | Accrued and other current liabilities | Deferred income taxes and noncurrent liabilities | Years Ended December 31 | Sales | Materials and production costs | Other expense, net | Income before taxes |"}
{"_id": "d8c868fa4", "title": "", "text": "| Percentages of Related Revenues Fiscal Year Ended September 30, | 2016 | Gross profit — Home sales | Gross profit — Land/lot sales and other | Inventory and land option charges | Gross profit — Total homebuilding | Selling, general and administrative expense -1 | Goodwill impairment | Other (income) expense (1) | Homebuilding pre-tax income |"}
{"_id": "d8acf022c", "title": "", "text": "5.\nShort-Term Borrowings and Other Financing Instruments Commercial Paper  At Dec.  31, 2008 and 2007, Xcel Energy and its utility subsidiaries had commercial paper outstanding of approximately $330.3 and $1.1 billion, respectively.\nThe weighted average interest rates at Dec.  31, 2008 and 2007 were 3.53 percent and 5.57 percent, respectively.\nAt Dec.  31, 2008 and 2007, Xcel Energy and its utility subsidiaries had combined board approval to issue up to $2.25 billion of commercial paper.\nCredit Facility Bank Borrowings  At Dec.  31, 2008, Xcel Energy and its utility subsidiaries had credit facility bank borrowings of $125.0 million with a weighted average interest rate of 1.88 percent.\nXcel Energy and its utility subsidiaries had no credit facility bank borrowings at Dec.  31, 2007.\nMoney Pool  Xcel Energy and its utility subsidiaries have established a utility money pool arrangement that allows for short-term loans between the utility subsidiaries and from the holding company to the utility subsidiaries at marketbased interest rates.\nThe utility money pool arrangement does not allow loans from the utility subsidiaries to the holding company.\nAt Dec.  31, 2008 and 2007, Xcel Energy and its utility subsidiaries had money pool loans outstanding of $104.5 million and $100.6 million, respectively.\nThe weighted average interest rates at Dec.  31, 2008 and 2007 were 3.48 percent and 5.64 percent, respectively.6.\nLong-Term Borrowings and Other Financing Instruments Credit Facilities  At Dec.  31, 2008, Xcel Energy and its utility subsidiaries had the following committed credit facilities available:"}
{"_id": "d88ac743e", "title": "", "text": "| (Dollars in thousands) Actual Ratio Actual Amount Capital Adequacy Minimum Ratio Capital Adequacy Minimum Capital Requirement | December 31, 2010: | Total risk-based capital ratio: | SVB Financial | Bank | Tier 1 risk-based capital ratio: | SVB Financial | Bank | Tier 1 leverage ratio: | SVB Financial | Bank |"}
{"_id": "d89d890e0", "title": "", "text": "| Thousands of Dt Delivered Revenues in Millions(a) | Twelve Months Ended | Description | Residential | General | Firm transportation | Total firm sales and transportation | Interruptible sales(c) | NYPA | Generation plants | Other | Other operating revenues(d) | Total |"}
{"_id": "d8b59439c", "title": "", "text": "| For the year ended | 12-31-05 | Net income available to common stockholders, as reported | Add: | Deduct: | Pro forma net income available to common stockholders | Earnings per share: | Basic — as reported | Basic — pro forma | Diluted — as reported | Diluted — pro forma | 12-31-05 | Assets: | Real estate, net | Other assets | Total assets | Liabilities and partners’ equity: | Mortgage notes payable and credit facility | Other liabilities | Partners’ equity | Total liabilities and partners’ equity | Total revenue | For the year ended December 31, 2005 | Established | Northeast | Mid-Atlantic | Midwest | Pacific Northwest | Northern California | Southern California | Total Established | Other Stabilized | Development / Redevelopment | Land Held for Future Development | Non-allocated -2 | Total | For the year ended December 31, 2004 | Established | Northeast | Mid-Atlantic | Midwest | Pacific Northwest | Northern California | Southern California | Total Established | Other Stabilized | Development / Redevelopment | Land Held for Future Development | Non-allocated -2 | Total | For the year ended December 31, 2003 | Established | Northeast | Mid-Atlantic | Midwest | Pacific Northwest | Northern California | Southern California | Total Established | Other Stabilized | Development / Redevelopment | Land Held for Future Development | Non-allocated -2 | Total |"}
{"_id": "d8a597aca", "title": "", "text": "| Fiscal 2012 $1,616 | Fiscal 2013 | Fiscal 2014 | Fiscal 2015 | Fiscal 2016 | Thereafter | Total minimum payments | Less-amount representing interest | Total |"}
{"_id": "d8e7b935e", "title": "", "text": "| Year ended December 31, | 2018 | (in millions) | Total Individual Annuities-1: | Beginning total account value | Sales | Surrenders and withdrawals | Net sales (withdrawals) | Benefit payments | Net flows | Change in market value, interest credited and other activity | Policy charges | Ending total account value |"}
{"_id": "d8707877c", "title": "", "text": "Payments cost of net revenues increased $183.9 million, or 18%, in 2009 compared to 2008.\nThe increase in cost of net revenues was primarily due to the inclusion of costs attributable to Bill Me Later as well as the impact from our growth in net TPV.\nPayments cost of net revenues as a percentage of Payments net revenues increased during 2009 compared to 2008 due primarily to the impact of lower take rates and increased investment in our site operations, partially offset by a more favorable geographic and payment processor mix.\nCommunications On November 19, 2009, we completed the sale of Skype to an investor group.\nAccordingly, Skypes cost of net revenue is not consolidated in our 2010 results.\nCommunications cost of net revenues increased $6.7 million or 2%, in 2009 compared to 2008.\nThe increase in cost of net revenues was due to an increase in SkypeOut minutes.\nCommunications cost of net revenues as a percentage of Communications net revenues decreased in 2009 compared to 2008 due primarily to higher volume and changes in product mix."}
{"_id": "d8a9a0950", "title": "", "text": "The company saw an increase in revenue in 2023.\nTable 0\nices that we believe are enforceable and legally binding and that specify all significant terms, including: fixed or minimum quantities to be purchased; fixed, minimum or variable price provisions; and the approximate timing of the transaction.\nPurchase obligations exclude agreements that are cancellable at any time without penalty.\nWe have excluded from the contractual obligations and commercial commitments table above $55.2 billion in cash margin deposits and guaranty fund liabilities.\nClearing members of our clearing houses are required to deposit original margin and variation margin and to make deposits to a guaranty fund.\nThe cash deposits made to these margin accounts and to the guaranty fund are recorded in the consolidated balance sheet as current assets with corresponding current liabilities to the clearing members that deposited them.\nSee note 12 to our consolidated financial statements and related notes that are included elsewhere in this Annual Report for additional information on our clearing houses and the margin deposits and guaranty funds liabilities.\nWe have also excluded unrecognized tax benefits, or UTBs, from the contractual obligations and commercial commitments table above.\nAs of December 31, 2016, our cumulative UTBs were $112 million.\nInterest and penalties related to UTBs were $35 million as of December 31, 2016.\nWe are under examination by various tax authorities.\nWe are unable to make a reasonable estimate of the periods of cash settlement because it is not possible to reasonably predict, the amount of tax, interest and penalties, if any, that might be assessed by a tax authority or the timing of an assessment or payment.\nIt is also not possible to reasonably predict whether or not the applicable statutes of limitations might expire without us being examined by any particular tax authority.\nSee note 11 to our consolidated financial statements and related notes that are included elsewhere in this Annual Report for additional information on our UTBs.\nTable of Contents VALERO ENERGY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Commodity Price Risk We are exposed to market risks related to the volatility in the price of crude oil, refined products (primarily gasoline and distillate), grain (primarily corn), and natural gas used in our operations.\nTo reduce the impact of price volatility on our results of operations and cash flows, we use commodity derivative instruments, including futures, swaps, and options.\nWe use the futures markets for the available liquidity, which provides greater flexibility in transacting our hedging and trading operations.\nWe use swaps primarily to manage our price exposure.\nOur positions in commodity derivative instruments are monitored and managed on a daily basis by a risk control group to ensure compliance with our stated risk management policy that has been approved by our board of directors.\nFor risk management purposes, we use fair value hedges, cash flow hedges, and economic hedges.\nIn addition to the use of derivative instruments to manage commodity price risk, we also enter into certain commodity derivative instruments for trading purposes.\nOur objective for entering into each type of hedge or trading derivative is described below.\nFair Value Hedges Fair value hedges are used to hedge price volatility in certain refining inventories and firm commitments to purchase inventories.\nThe level of activity for our fair value hedges is based on the level of our operating inventories, and generally represents the amount by which our inventories differ from our previous year-end LIFO inventory levels.\nAs of December 31, 2011, we had the following outstanding commodity derivative instruments that were entered into to hedge crude oil and refined product inventories and commodity derivative instruments related to the physical purchase of crude oil and refined products at a fixed price.\nThe information presents the notional volume of outstanding contracts by type of instrument and year of maturity (volumes in thousands of barrels)."}
{"_id": "d8a64b91c", "title": "", "text": "| Qualified Defined Benefit Pension Plans Retiree Medical and Life Insurance Plans | 2014 | Discount rate | Expected long-term rate of return on assets | Rate of increase in future compensation levels | Health care trend rate assumed for next year | Ultimate health care trend rate | Year that the ultimate health care trend rate is reached |"}
{"_id": "d8d6c5fb6", "title": "", "text": "| Expected to mature before December 31, | December 31, 2014 | ($ millions, except percentages) | Fixed rate debt | Principal ($) | Fixed rate payable | Floating rate debt | Principal ($) | Variable rate payable(ii) |"}
{"_id": "d8be614b6", "title": "", "text": "| (Dollars in millions) 2009 2008 2007 2006 2005 | Allowance for loan and lease losses, January 1 | Loans and leases charged off | Residential mortgage | Home equity | Discontinued real estate | Credit card – domestic | Credit card – foreign | Direct/Indirect consumer | Other consumer | Total consumer charge-offs | Commercial – domestic-1 | Commercial real estate | Commercial lease financing | Commercial – foreign | Total commercial charge-offs | Total loans and leases charged off | Recoveries of loans and leases previously charged off | Residential mortgage | Home equity | Discontinued real estate | Credit card – domestic | Credit card – foreign | Direct/Indirect consumer | Other consumer | Total consumer recoveries | Commercial – domestic-2 | Commercial real estate | Commercial lease financing | Commercial – foreign | Total commercial recoveries | Total recoveries of loans and leases previously charged off | Net charge-offs | Provision for loan and lease losses | Write-downs on consumer purchased impaired loans-3 | Other-4 | Allowance for loan and lease losses, December 31 | Reserve for unfunded lending commitments, January 1 | Provision for unfunded lending commitments | Other-5 | Reserve for unfunded lending commitments, December 31 | Allowance for credit losses, December 31 | Loans and leases outstanding at December 31-6 | Allowance for loan and lease losses as a percentage of total loans and leases outstanding at December 31-3, 6 | Consumer allowance for loan and lease losses as a percentage of total consumer loans and leases outstanding at December 31-3 | Commercial allowance for loan and lease losses as a percentage of total commercial loans and leases outstanding at December 31-3 | Average loans and leases outstanding-3, 6 | Net charge-offs as a percentage of average loans and leases outstanding-3, 6 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases at December 31-3, 6 | Ratio of the allowance for loan and lease losses at December 31 to net charge-offs-3 |"}
{"_id": "d87c6538c", "title": "", "text": "| 2018 period Total shares purchased (a) Average price paid per share Total shares purchased as part of publicly announced programs (b) Maximum number of shares that may yet be purchased under the programs (b) | October 1 – 31 | November 1 – 30 | December 1 – 31 | Total |"}
{"_id": "d873efcc0", "title": "", "text": "Our pre-tax income was $865.0 million, $159.3 million and $468.1 million for the years ended December 31, 2009, 2008 and 2007, respectively.\nOur net income attributable to Republic Services, Inc.  was $495.0 million for the year ended December 31, 2009, or $1.30 per diluted share, compared to $73.8 million, or $0.37 per diluted share in 2008 and $290.2 million, or $1.51 per diluted share, in 2007.\nDuring each of the two years ended December 31, 2009 and 2008, we recorded a number of gains, charges (recoveries) and other expenses that impacted our pre-tax income, net income attributable to Republic Services, Inc.  (Net Income - Republic) and diluted earnings per share.\nThese items primarily consist of the following (in millions, except per share data):"}
{"_id": "d89774812", "title": "", "text": "GOODWILL We evaluate goodwill for potential impairment annually and at an interim date if indicators of impairment exist.\nWhen using the quantitative process to evaluate goodwill for potential impairment, consistent with our early adoption of ASU No.2017-04 in January 2017, we compare the estimated fair value of the reporting unit to the carrying value.\nWhen determining the estimated fair value, we utilize discounted future cash flow models, as well as market conditions relative to the operations of our reporting units.\nUnder the discounted cash flow approach, we utilize various assumptions that require judgment, including projections of revenues and expenses based on estimated long-term growth rates, and discount rates based on weighted average cost of capital.\nOur estimates of long-term growth and costs are based on historical data, as well as various internal projections and external sources.\nThe weighted average cost of capital is estimated based on each reporting units cost of debt and equity and a selected capital structure.\nThe selected capital structure for each reporting unit is based on consideration of capital structures of comparable publicly traded companies operating in the business of that reporting unit.\nWe had $5,190 million of goodwill as of December 31, 2017.\nChanges in the estimates and assumptions used in our goodwill impairment testing could result in future impairment losses, which could be material.\nAdditionally, when a portion of a reporting unit is disposed, goodwill is allocated to the gain or loss on disposition based on the relative fair values of the business or businesses disposed and the portion of the reporting unit that will be retained.\nWhen determining fair value of the businesses disposed of and the reporting unit to be retained, we use estimates and assumptions similar to those used in our impairment analysis."}
{"_id": "d89813b24", "title": "", "text": "NOTE 7 Representations and Warranties Obligations and Corporate Guarantees Background The Corporation securitizes first-lien residential mortgage loans generally in the form of RMBS guaranteed by the GSEs or by GNMA in the case of FHA-insured, VA-guaranteed and Rural Housing Service-guaranteed mortgage loans, and sells pools of first-lien residential mortgage loans in the form of whole loans.\nIn addition, in prior years, legacy companies and certain subsidiaries sold pools of first-lien residential mortgage loans and home equity loans as private-label securitizations or in the form of whole loans.\nIn connection with these transactions, the Corporation or certain of its subsidiaries or legacy companies made various representations and warranties.\nBreaches of these representations and warranties have resulted in and may continue to result in the requirement to repurchase mortgage loans or to otherwise make whole or provide other remedies to investors, securitization trusts, guarantors, insurers or other parties (collectively, repurchases).\nSettlement Actions The Corporation has vigorously contested any request for repurchase where it has concluded that a valid basis for repurchase does not exist and will continue to do so in the future.\nHowever, in an effort to resolve legacy mortgage-related issues, the Corporation has reached bulk settlements, certain of which have been for significant amounts, in lieu of a loan-by-loan review process, including settlements with the GSEs, four monoline insurers and Bank of New York Mellon (BNY Mellon), as trustee for certain securitization trusts.\nThese bulk settlements generally did not cover all transactions with the relevant counterparties or all potential claims that may arise, including in some instances securities law, fraud, indemnification and servicing claims, which may be addressed separately.\nThe Corporations liability in connection with the transactions and claims not covered by these settlements could be material to the Corporations results of operations or liquidity for any particular reporting period.\nThe Corporation may reach other settlements in the future if opportunities arise on terms it believes to be advantageous.\nHowever, there can be no assurance that the Corporation will reach future settlements or, if it does, that the terms of past settlements can be relied upon to predict the terms of future settlements.\nUnresolved Repurchase Claims Unresolved representations and warranties repurchase claims represent the notional amount of repurchase claims made by counterparties, typically the outstanding principal balance or the unpaid principal balance at the time of default.\nIn the case of firstlien mortgages, the claim amount is often significantly greater than the expected loss amount due to the benefit of collateral and, in some cases, mortgage insurance (MI) or mortgage guarantee payments.\nClaims received from a counterparty remain outstanding until the underlying loan is repurchased, the claim is rescinded by the counterparty, the Corporation determines that the applicable statute of limitations has expired, or representations and warranties claims with respect to the applicable trust are settled, and fully and finally released.\nThe Corporation does not include duplicate claims in the amounts disclosed.\nThe table below presents unresolved repurchase claims at December 31, 2016 and 2015.\nThe unresolved repurchase claims include only claims where the Corporation believes that the counterparty has the contractual right to submit claims.\nThe unresolved repurchase claims predominantly relate to subprime and pay option first-lien loans and home equity loans.\nFor additional information, see Private-label Securitizations and Whole-loan Sales Experience in this Note and Note 12  Commitments and Contingencies."}
{"_id": "d8b992b10", "title": "", "text": "| Increase/(Decrease)in Fair Market Value | As of December 31, | 2015 | 2014 |"}
{"_id": "d8d89b07a", "title": "", "text": "Revenue Operating Revenues UE, CIPS, Genco, CILCO and IP record operating revenue for electric or gas service when it is delivered to customers.\nWe accrue an estimate of electric and gas revenues for service rendered but unbilled at the end of each accounting period.\nTrading Activities We present the revenues and costs associated with certain energy derivative contracts designated as trading on a net basis in Operating Revenues  Electric and Other.\nNuclear Fuel and Purchased Gas Costs UEs cost of nuclear fuel is amortized to fuel expense on a unit-of-production basis.\nSpent fuel disposal cost is based on net kilowatthours generated and sold, and that cost is charged to expense.\nIn UEs, CIPS, CILCOs, and IPs retail natural gas utility jurisdictions, changes in gas costs are generally reflected in billings to their natural gas utility customers through PGA clauses.\nThe difference between actual natural gas costs and costs billed to customers in a given period are deferred and included in Other Current Assets or Other Current Liabilities in the balance sheets of UE, CIPS, CILCO and IP.\nThe deferred amounts are either billed or refunded to their natural gas utility customers prospectively in a subsequent period.\nAccounting for MISO Transactions MISO-related purchase and sale transactions are recorded by Ameren, UE, CIPS, CILCO and IP using settlement information provided by MISO.\nThese purchase and sale transactions are accounted for on a net hourly position.\nWe record net purchases in a single hour in Operating Expenses  Purchased Power and net sales in a single hour in Operating Revenues  Electric in our statements of income.\nOn occasion, prior period transactions will be resettled outside the routine settlement process due to a change in MISOs tariff or a material interpretation thereof.\nIn these cases, Ameren, UE, CIPS, CILCO and IP recognize expenses associated with resettlements once the resettlement is probable and the resettlement amount can be estimated.\nAmeren, UE, CIPS, CILCO and IP recognize revenues associated with resettlements in accordance with SEC Staff Accounting Bulletin No.101, Revenue Recognition in Financial Statements.\n Stock-based Compensation In accounting for stock-based compensation, Ameren measures the cost of employee services received in exchange for an award of equity instruments by the grantdate fair value of the award over the requisite service period.\nSee Note 12  Stock-based Compensation for further information.\nExcise Taxes Excise taxes imposed on us are reflected on Missouri electric, Missouri gas, and Illinois gas customer bills.\nThey are recorded gross in Operating Revenues and Operating Expenses  Taxes Other Than Income Taxes on the statement of income.\nExcise taxes reflected on Illinois electric customer bills are imposed on the consumer and are therefore not included in revenues and expenses.\nThey are recorded as tax collections payable and included in Operating Expenses  Taxes Accrued.\nThe following table presents excise taxes recorded in Operating Revenues and Operating Expenses  Taxes Other than Income Taxes for the years ended 2008, 2007 and 2006:"}
{"_id": "d8edceb4a", "title": "", "text": "| December 31, | In millions of dollars | Corporate non-accrual loans-1(2) | North America | EMEA | Latin America | Asia | Total corporate non-accrual loans | Consumer non-accrual loans-1(3) | North America | Latin America | Asia-4 | Total consumer non-accrual loans | Total non-accrual loans |"}
{"_id": "d89a6ea72", "title": "", "text": "(1) Includes allowance for small business commercial – domestic loans of $1.4 billion and $578 million at December 31, 2007 and 2006.\nThe allowance for small business commercial – domestic loans was not material in 2005, 2004 and 2003.\n(2) Includes allowance for loan and lease losses for impaired commercial loans of $123 million, $43 million, $55 million, $202 million, and $391 million at December 31, 2007, 2006, 2005, 2004, and 2003, respectively."}
{"_id": "d86617468", "title": "", "text": "| (in millions) 12/31/2012 Net New Business Adjustments -1 Acquisitions-2 Market / FX 12/31/2013 | Equity: | Active | iShares | Fixed income: | Active | iShares | Multi-asset class | Alternatives: | Core | Currency and commodities | Subtotal | Non-ETF Index: | Equity | Fixed income | Subtotal non-ETF index | Long-term | Cash management | Advisory | Total AUM |"}
{"_id": "d8932b81e", "title": "", "text": "Banno, LLC Effective March 1, 2014, the Company acquired all of the equity interests of Banno, an Iowa-based company that provides Web and transaction marketing services with a focus on the mobile medium, for $27,910 paid in cash.\nThis acquisition was funded using existing operating cash.\nThe acquisition of Banno expanded the Company’s presence in online and mobile technologies within the industry.\nDuring fiscal year 2014, the Company incurred $30 in costs related to the acquisition of Banno.\nThese costs included fees for legal, valuation and other fees.\nThese costs were included within general and administrative expenses.\nThe results of Banno's operations included in the Company's consolidated statements of income for the year ended June 30, 2016 included revenue of $6,393 and after-tax net loss of $1,289.\nFor the year ended June 30, 2015, our consolidated statements of income included revenue of $4,175 and after-tax net loss of $1,784 attributable to Banno.\nThe results of Banno’s operations included in the Company’s consolidated statement of operations from the acquisition date to June 30, 2014 included revenue of $848 and after-tax net loss of $1,121.\nThe accompanying consolidated statements of income for the twelve month period ended June 30, 2016 do not include any revenues and expenses related to this acquisition prior to the acquisition date.\nThe impact of this acquisition was considered immaterial to both the current and prior periods of our consolidated financial statements and pro forma financial information has not been provided."}
{"_id": "d8adec1bc", "title": "", "text": "Standard of Care Developments The SEC, federal and state lawmakers and state insurance regulators continue their efforts at evaluating what is an appropriate regulatory framework around a standard of care for the sale of investment products and services.\nFor example, on April 18, 2018, the SEC proposed a package of rulemakings and interpretations designed to address the standard of care issues and the transparency of retail investors relationships with investment advisors and broker-dealers.\nAdditionally, on July 18, 2018, the New York State Department of Financial Services adopted a best interest standard of care regulation applicable to annuity and life transactions through issuance of the First Amendment to Insurance Regulation 187  Suitability and Best Interests in Life Insurance and Annuity Transactions (Regulation 187).\nThe compliance date for Regulation 187 is August 1, 2019 for annuity products and February 1, 2020 for life products.\nAs amended, Regulation 187 requires producers to act in their clients best interest when making point-of-sale and inforce recommendations, and provide in writing the basis for the recommendation, as well as the facts and analysis to support the recommendation.\nThe amended regulation also imposes additional duties on life insurance companies in relation to these transactions, such as requiring insurers to establish and maintain procedures designed to prevent financial exploitation and abuse.\nWe will implement and enhance processes and procedures, where needed, to comply with this regulation.\nOther states, such as Nevada, Maryland and New Jersey, have also proposed similar standard of care regulations applicable to insurance producers and/or insurance companies.\nWe continue to closely follow these proposals and other relevant federal and state-level regulatory and legislative developments in this area.\nWhile we cannot predict the long-term impact of these developments on our Life and Retirement businesses, we believe our diverse product offerings and distribution relationships position us to compete effectively in this evolving marketplace."}
{"_id": "d88e95a66", "title": "", "text": "| Common Stock MarketPrice | High | Year Ended December 31, 2016 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Year Ended December 31, 2017 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d871ce248", "title": "", "text": "Plan Assets The investment objectives for the Company's pension plans are to earn, over a moving twenty-year period, a long-term expected rate of return, net of investment fees and transaction costs, sufficient to satisfy the benefit obligations of the plan, while at the same time maintaining adequate liquidity to pay benefit obligations and proper expenses, and meet any other cash needs, in the short- to medium-term.\nThe weighted average target asset allocations for the Company's pension plans in 2013 are as follows:"}
{"_id": "d88ee0bb0", "title": "", "text": "| December 31, 2017-1 | Fair Value | Level 1 | (in millions) | Assets: | Fixed maturities, held-to-maturity-3 | Assets supporting experience-rated contractholder liabilities-4 | Commercial mortgage and other loans | Policy loans | Short-term investments | Cash and cash equivalents | Accrued investment income | Other assets | Total assets | Liabilities: | Policyholders’ account balances—investment contracts | Securities sold under agreements to repurchase | Cash collateral for loaned securities | Short-term debt | Long-term debt-5 | Notes issued by consolidated VIEs | Other liabilities | Separate account liabilities—investment contracts | Total liabilities |"}
{"_id": "d88a9c4aa", "title": "", "text": "| For the years ended December 31, | 2017 | Liability for unpaid losses and loss adjustment expenses, at undiscounted amounts | Less: amount of discount | Carrying value of liability for unpaid losses and loss adjustment expenses | Weighted average discount rate | Range of discount rate |"}
{"_id": "d87dc68e8", "title": "", "text": "| December 31, | 2010 | Estimated | Fair | Value | (In millions) | By collateral type: | Credit card loans | Student loans | RMBS backed bysub-primemortgage loans | Automobile loans | Other loans | Total | Portion rated Aaa/AAA | Portion rated NAIC 1 |"}
{"_id": "d8eaff428", "title": "", "text": "NOTE 17 CAPITAL STOCK The authorized capital stock at both December 31, 2018 and 2017, consisted of 990,850,000 shares of common stock, $1 par value; 400,000 shares of cumulative $4 preferred stock, without par value (stated value $100 per share); and 8,750,000 shares of serial preferred stock, $1 par value.\nThe serial preferred stock is issuable in one or more series by the Board of Directors without further shareholder action.\nThe following is a rollforward of shares of common stock for the three years ended December 31, 2018, 2017 and 2016:"}
{"_id": "d818bcc4a", "title": "", "text": "(a) Represents the net fair value of assets and liabilities.2011 VERSUS 2010 CONSOLIDATED INCOME STATEMENT REVIEW Summary Results Net income for 2011 was $3.1 billion, or $5.64 per diluted common share, compared with $3.4 billion, or $5.74 per diluted common share, for 2010.\nThe decrease from 2010 was primarily due to an $850 million, or 6%, reduction in total revenue, a $492 million, or 6%, increase in noninterest expense and the impact of the $328 million after-tax gain on the sale of GIS recognized in 2010, partially offset by a $1.3 billion, or 54%, decrease in the provision for credit losses in 2011.\nIn addition, 2010 net income attributable to common shareholders was also impacted by a noncash reduction of $250 million in connection with the redemption of TARP preferred stock.\nNet Interest Income Net interest income was $8.7 billion for 2011 down from $9.2 billion in 2010.\nThe net interest margin decreased to 3.92% in 2011 compared with 4.14% for 2010, primarily due to the impact of lower purchase accounting accretion, a decline in the rate on average loan balances and the low interest rate environment partially offset by lower funding costs.\nNoninterest Income Noninterest income was $5.6 billion for 2011 and $5.9 billion for 2010.\nNoninterest income for 2011 reflected higher asset management fees and other income, higher residential mortgage banking revenue, and lower net other-thantemporary impairments (OTTI), that were offset by a decrease in corporate service fees primarily due to a reduction in the value of commercial mortgage servicing rights, lower service charges on deposits from the impact of Regulation E rules pertaining to overdraft fees, a decrease in net gains on sales of securities and lower consumer services fees due, in part, to a decline in interchange fees on individual debit card transactions in the fourth quarter partially offset by higher transaction volumes throughout 2011.\nAsset management revenue, including BlackRock, increased $34 million to $1.1 billion in 2011 compared to 2010.\nThe increase was driven by strong sales performance by our Asset Management Group and somewhat higher equity earnings from our BlackRock investment.\nDiscretionary assets under management at December 31, 2011 totaled $107 billion compared with $108 billion at December 31, 2010."}
{"_id": "d8a046094", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | Remediation costs incurred | Insurance recoveries received* |"}
{"_id": "d89c4f6c0", "title": "", "text": "The ongoing assessment of the valuation of inventory, given the large number of natural ingredients employed, the quality of which may be diminished over time.\nWe hold a majority of our inventory as raw materials, providing the greatest degree of flexibility in manufacture and use.\nAs of December 31, 2018, we maintained 53% of our inventory as raw materials.\nMaterials are evaluated based on shelf life, known uses and anticipated demand based on forecasted customer order activity and changes in product/sales mix.\nManagement policy provides for an ongoing assessment of inventory with adjustments recorded when an item is deemed to be slow moving or obsolete."}
{"_id": "d88c884da", "title": "", "text": "| In millions of dollars 2008 2007 | Year-end CVA reserve balance as calculated using | CDS spreads | Cash spreads | Difference-1 | Year-to-date pretax gain from the change in CVA | reserve that would have been recorded in the | income statement as calculated using | CDS spreads | Cash spreads |"}
{"_id": "d8a86226e", "title": "", "text": "| Year Ended December 31, | 2016 | United States dollar | British pound sterling | euro | Australian dollar | Canadian dollar | Indian rupee | Japanese yen | Chinese yuan | Singapore dollar | Swiss franc | Hong Kong dollar | Mexican peso | Brazilian real | Polish zloty | Danish krone | Swedish krona | Thai baht | Other currencies | Total revenue |"}
{"_id": "d86b8b368", "title": "", "text": "| Interest Expense Net Income (a) | Ameren(b) | UE | CIPS | Genco | CILCORP | CILCO | IP(c) |"}
{"_id": "d82cf6a62", "title": "", "text": "| Gold Ounces Sold Costs Applicable to Sales-1 Depreciation, Depletion and Amortization | 2007 | (in thousands) | Kori Kollo-2(88% owned) | La Herradura (44% owned) | Golden Giant | Total/Weighted-Average |"}
{"_id": "d87e9763c", "title": "", "text": "| Weighted Average Assumptions 2009 2010 2011 | Expected volatility | Risk-free interest rate | Expected dividend yield | Expected life |"}
{"_id": "d8695f86e", "title": "", "text": "ITEM 3.\nLEGAL PROCEEDINGS Con Edison Northeast Utilities For information about legal proceedings relating to Con Edison’s October 1999 agreement to acquire Northeast Utilities, see Note H to the financial statements in Item 8 (which information is incorporated herein by reference).\nLease in/Lease Out Transactions For information about Con Edison’s appeal of a proposed disallowance by the Internal Revenue Service of certain tax losses recognized in connection with the company’s lease in/ lease out transactions, see Note K to the financial statements in Item 8 (which information is incorporated herein by reference).\nCon Edison of New York Asbestos For information about legal proceedings relating to exposure to asbestos, see Note G to the financial statements in Item 8 (which information is incorporated herein by reference).\nSuperfund The Federal Comprehensive Environmental Response, Compensation and Liability Act of 1980 and similar state statutes (Superfund) impose joint and several liability, regardless of fault, upon generators of hazardous substances for investigation, remediation costs and environmental damages.\nThe sites at which Con Edison of New York has been asserted to have liability under Superfund include its and its predecessor companies’ former manufactured gas sites, its Astoria PCB storage facility, the Arthur Kill Generating Station site and other Superfund sites discussed below.\nThere may be additional sites as to which assertions will be made that the company has"}
{"_id": "d8ae16980", "title": "", "text": "| Base Electric Utility Short-Term Wholesale Commodity Trading Consolidated Totals | (Millions of Dollars) | 2007 | Electric utility revenues (excluding commodity trading) | Electric fuel and purchased power-utility | Commodity trading revenues | Commodity trading expenses | Gross margin before operating expenses | Margin as a percentage of revenues | 2006 | Electric utility revenues (excluding commodity trading) | Electric fuel and purchased power-utility | Commodity trading revenues | Commodity trading expenses | Gross margin before operating expenses | Margin as a percentage of revenues | 2005 | Electric utility revenues (excluding commodity trading) | Electric fuel and purchased power-utility | Commodity trading revenues | Commodity trading expenses | Gross margin before operating expenses | Margin as a percentage of revenues |"}
{"_id": "d8d1eace4", "title": "", "text": "| 2016 2015 2014 | Subtotals of Amounts Above by Line Item in the Consolidated Statements of Operations: | Cost of sales | Selling, general and administrative expenses | Transaction costs | Other operating—net | Gain on sale of phosphate business | Equity in (losses) earnings of operating affiliates | Interest expense | Loss on debt extinguishment | Equity in earnings of non-operating affiliates—net of taxes | Net earnings attributable to noncontrolling interests | Total Impact of Significant Items |"}
{"_id": "d8ae060a8", "title": "", "text": "Brazilian Papers net sales for 2012 were $1.1 billion compared with $1.2 billion in 2011 and $1.1 billion in 2010.\nOperating profits for 2012 were $163 million compared with $169 million in 2011 and $159 million in 2010.\nSales volumes in 2012 were higher than in 2011 as International Paper improved its segment position in the Brazilian market despite weaker year-over-year conditions in most markets.\nAverage sales price realizations improved for domestic uncoated freesheet paper, but the benefit was more than offset by declining prices for exported paper.\nMargins were favorably affected by an increased proportion of sales to the highermargin domestic market.\nRaw material costs increased for wood and chemicals, but costs for purchased pulp decreased.\nOperating costs and planned maintenance downtime costs were lower than in 2011.\nLooking ahead to 2013, sales volumes in the first quarter are expected to be lower than in the fourth quarter of 2012 due to seasonally weaker customer demand for uncoated freesheet paper.\nAverage sales price realizations are expected to increase in the Brazilian domestic market due to the realization of an announced sales price increase for uncoated freesheet paper, but the benefit should be partially offset by pricing pressures in export markets.\nAverage sales margins are expected to be negatively impacted by a less favorable geographic mix.\nInput costs are expected to be about flat due to lower energy costs being offset by higher costs for wood, purchased pulp, chemicals and utilities.\nPlanned maintenance outage costs should be $4 million lower with no outages scheduled in the first quarter.\nOperating costs should be favorably impacted by the savings generated by the start-up of a new biomass boiler at the Mogi Guacu mill."}
{"_id": "d8d3e0e40", "title": "", "text": "TRANSFORMATION PLAN In July 2005, the Company had announced a plan to focus its business portfolio on two key global platform businesses: Uncoated Papers (including Distribution) and Packaging.\nThe Plans other elements include exploring strategic options for other businesses, including possible sale or spin-off, returning value to shareholders, strengthening the balance sheet, selective reinvestment to strengthen the paper"}
{"_id": "d8d5c9586", "title": "", "text": "| Years Ended | September 30, 2006 | Amount | Total Revenues | Operating Income |"}
{"_id": "d8c8d0744", "title": "", "text": "| Net Sales Orders -1 Fiscal Year Ended September 30, | Net Homes Sold | 2011 | East | Midwest | Southeast | South Central | Southwest | West | 17,421 |"}
{"_id": "d8d1fd59c", "title": "", "text": "| Year Ended October 31, $ Change % Change $ Change % Change | 2013 | (dollars in millions) | Interest income | Interest expense | Gain (loss) on assets related to executive deferred compensation plan | Foreign currency exchange gain (loss) | Other, net | Total | Fiscal Year | (in thousands) | 2013 | 2012 | 2011 |"}
{"_id": "d89c0de14", "title": "", "text": "three-year period determined by reference to the ownership of persons holding five percent (5%) or more of that company’s equity securities.\nIf a company undergoes an ownership change as defined by I. R. C.  Section 382, the company’s ability to utilize its pre-change NOL carryforwards to offset post-change income may be limited.\nThe Company believes that the limitation imposed by I. R. C.  Section 382 generally should not preclude use of its federal NOL carryforwards, assuming the Company has sufficient taxable income in future carryforward periods to utilize those NOL carryforwards.\nThe Company’s federal NOL carryforwards do not begin expiring until 2028.\nAt December 31, 2014 and 2013, the Company had state NOLs of $542,705 and $628,049, respectively, a portion of which are offset by a valuation allowance because the Company does not believe these NOLs are more likely than not to be realized.\nThe state NOL carryforwards will expire between 2015 and 2033.\nAt December 31, 2014 and 2013, the Company had Canadian NOL carryforwards of $6,498 and $6,323, respectively.\nThe majority of these carryforwards are offset by a valuation allowance because the Company does not believe these NOLs are more likely than not to be realized.\nThe Canadian NOL carryforwards will expire between 2015 and 2033.\nThe Company had capital loss carryforwards for federal income tax purposes of $3,844 at December 31, 2014 and 2013.\nThe Company has recognized a full valuation allowance for the capital loss carryforwards because the Company does not believe these losses are more likely than not to be recovered.\nThe Company files income tax returns in the United States federal jurisdiction and various state and foreign jurisdictions.\nWith few exceptions, the Company is no longer subject to U. S.  federal, state or local or non-U.\nS.  income tax examinations by tax authorities for years before 2008.\nFor U. S.  federal, tax year 2011 is also closed.\nThe Company has state income tax examinations in progress and does not expect material adjustments to result.\nThe Patient Protection and Affordable Care Act (the “PPACA”) became law on March 23, 2010, and the Health Care and Education Reconciliation Act of 2010 became law on March 30, 2010, which makes various amendments to certain aspects of the PPACA (together, the “Acts”).\nThe PPACA effectively changes the tax treatment of federal subsidies paid to sponsors of retiree health benefit plans that provide a benefit that is at least actuarially equivalent to the benefits under Medicare Part D.  The Acts effectively make the subsidy payments taxable in tax years beginning after December 31, 2012 and as a result, the Company followed its original accounting for the underfunded status of the other postretirement benefits for the Medicare Part D adjustment and recorded a reduction in deferred tax assets and an increase in its regulatory assets amounting to $6,348 and $6,241 at December 31, 2014 and 2013, respectively.\nThe following table summarizes the changes in the Company’s gross liability, excluding interest and penalties, for unrecognized tax benefits:"}
{"_id": "d8b11acd0", "title": "", "text": "| Industry Corporate Lending Exposure  (dollars in millions) | Energy | Utilities | Healthcare | Consumer discretionary | Industrials | Funds, exchanges and other financial services-1 | Consumer staples | Information technology | Telecommunications services | Materials | Real Estate | Other | Total |"}
{"_id": "d8ba8014e", "title": "", "text": "| December 31, | Balance Sheet Data | Cash, cash equivalents and marketable securities | Short-term borrowings | Current portion of long-term debt | Long-term debt | Total debt |"}
{"_id": "d8e8673b4", "title": "", "text": "| Fiscal Years Ended March 31, | 2016 | (in $000's) | Impella product revenue | Service and other revenue | Other products | Total product revenue | Funded research and development | Total revenue |"}
{"_id": "d884ac1d0", "title": "", "text": "| Restaurants at December 31, 2017 2016 2015 | Conventional franchised | Developmental licensed | Foreign affiliated | Franchised | Company-operated | Systemwide restaurants |"}
{"_id": "d887b749c", "title": "", "text": "A summary of the Companys warranty accrual activity is presented below (in thousands):"}
{"_id": "d85fff328", "title": "", "text": "| Years Ended | September 29, 2007 | Amount | Service and Other Revenue |"}
{"_id": "d8d2dc9e0", "title": "", "text": "| Shares Weighted-AverageGrant DateFair Value | Unvested restricted shares outstanding at December 31, 2012 | Granted | Forfeited | Vested | Unvested restricted shares outstanding at December 31, 2013 | Granted | Forfeited | Vested | Unvested restricted shares outstanding at December 31, 2014 | Granted | Forfeited | Vested | Unvested restricted shares outstanding at December 31, 2015 |"}
{"_id": "d864b4f4e", "title": "", "text": "| 2014 2013 2012 | Balance at beginning of year | Additions charged to expense | Accounts written-off | Balance at end of year |"}
{"_id": "d8e305b00", "title": "", "text": "| Global Banking Total Corporation | (Dollars in millions) | Products | Advisory | Debt issuance | Equity issuance | Gross investment banking fees | Self-led deals | Total investment banking fees |"}
{"_id": "d87ee5788", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements Unrecognized Tax Benefits The firm recognizes tax positions in the financial statements only when it is more likely than not that the position will be sustained on examination by the relevant taxing authority based on the technical merits of the position.\nA position that meets this standard is measured at the largest amount of benefit that will more likely than not be realized on settlement.\nA liability is established for differences between positions taken in a tax return and amounts recognized in the financial statements.\nThe accrued liability for interest expense related to income tax matters and income tax penalties was $101 million as of both December 2015 and December 2014.\nThe firm recognized interest expense and income tax penalties of $17 million, $45 million and $53 million for 2015, 2014 and 2013, respectively.\nIt is reasonably possible that unrecognized tax benefits could change significantly during the twelve months subsequent to December 2015 due to potential audit settlements.\nHowever, at this time it is not possible to estimate any potential change.\nThe table below presents the changes in the liability for unrecognized tax benefits.\nThis liability is included in “Other liabilities and accrued expenses.\n” See Note 17 for further information."}
{"_id": "d87ee5472", "title": "", "text": "| Cash Instruments at Fair Value as of December 2015 | $ in millions | Assets | Commercial paper, certificates of deposit, time deposits and other money market instruments | U.S. government and federal agency obligations | Non-U.S. government and agency obligations | Loans and securities backed by commercial real estate | Loans and securities backed by residential real estate | Bank loans and bridge loans | Corporate debt securities | State and municipal obligations | Other debt obligations | Equities and convertible debentures | Commodities | Subtotal | Investments in funds measured at NAV | Total cash instrument assets | Liabilities | U.S. government and federal agency obligations | Non-U.S. government and agency obligations | Loans and securities backed by commercial real estate | Loans and securities backed by residential real estate | Bank loans and bridge loans | Corporate debt securities | State and municipal obligations | Other debt obligations | Equities and convertible debentures | Total cash instrument liabilities |"}
{"_id": "d8c997894", "title": "", "text": "| 2016 2015 2014 | Life Sciences | Diagnostics | Dental | Environmental & Applied Solutions | Stock issued for LTIP | LTIP three-year plan | Number of shares issued | Share value on date of issuance | Total value |"}
{"_id": "d8b203520", "title": "", "text": "| December 31, 2012 Range Weighted-average (b) | Long-term prepayment rate (annual CPR) | Prime | Alt-A | Option ARM | Remaining collateral expected to default | Prime | Alt-A | Option ARM | Loss severity | Prime | Alt-A | Option ARM |"}
{"_id": "d8e5c11e6", "title": "", "text": "| Contractual amount Carrying value(g) | 2013 | By remaining maturity at December 31,(in millions) | Lending-related | Consumer, excluding credit card: | Home equity – senior lien | Home equity – junior lien | Prime mortgage | Subprime mortgage | Auto | Business banking | Student and other | Total consumer, excluding credit card | Credit card | Total consumer | Wholesale: | Other unfunded commitments to extend credit(a)(b) | Standby letters of credit and other financial guarantees(a)(b)(c) | Unused advised lines of credit | Other letters of credit(a) | Total wholesale | Total lending-related | Other guarantees and commitments | Securities lending indemnification agreements and guarantees(d) | Derivatives qualifying as guarantees | Unsettled reverse repurchase and securities borrowing agreements(e) | Loan sale and securitization-related indemnifications: | Mortgage repurchase liability | Loans sold with recourse | Other guarantees and commitments(f) |"}
{"_id": "d818a38e4", "title": "", "text": "debt issuances, and proceeds from the disposition of properties, if any.\nRedevelopment Pipeline The Company defines redevelopment activities as existing properties owned or recently acquired, which have been targeted for additional investment by the Company with the expectation of increased financial returns through property improvement.\nThe Company’s redevelopment strategy strives to improve the financial and physical aspects of the Company’s redevelopment apartment communities and to target a 10 percent return on the incremental renovation investment.\nMany of the Company’s properties are older and in excellent neighborhoods, providing lower density with large floor plans that represent attractive redevelopment opportunities.\nDuring redevelopment, apartment units may not be available for rent and, as a result, may have less than stabilized operations.\nAs of December 31, 2007, the Company had thirteen major redevelopment communities aggregating 3,891 apartment units with estimated redevelopment costs of $135.6 million, of which approximately $74.6 million remains to be expended.\nThese amounts exclude redevelopment projects owned by Fund II.\nAlternative Capital Sources Fund II has eight institutional investors, and the Company, with combined partner equity commitments of $265.9 million.\nEssex has committed $75.0 million to Fund II, which represents a 28.2% interest as general partner and limited partner.\nFund II utilized debt as leverage equal to approximately 65% of the estimated value of the underlying real estate.\nFund II invested in apartment communities in the Company’s targeted West Coast markets and, as of December 31, 2007, owned eleven apartment communities and three development projects.\nEssex records revenue for its asset management, property management, development and redevelopment services when earned, and promote income when realized if Fund II exceeds certain financial return benchmarks.\nContractual Obligations and Commercial Commitments The following table summarizes the maturation or due dates of our contractual obligations and other commitments at December 31, 2007, and the effect such obligations could have on our liquidity and cash flow in future periods:"}
{"_id": "d8cc34124", "title": "", "text": "Investment Servicing Total revenue for 2011 increased 3% from 2010 and total fee revenue increased 11% in the same comparison.\nThe increase in total fee revenue generally related to servicing fees, securities finance and trading services revenue, and was partly offset by a decline in processing fees and other revenue.\nThe increase in servicing fees in 2011 compared to 2010 primarily resulted from the impact on currentperiod revenue of new business awarded to us and installed during 2011 and prior periods, the full-year impact of revenue generated by the acquired Intesa securities services and MIFA businesses and increases in daily average equity market valuations.\nSecurities finance revenue increased 26% primarily as a result of the effect of higher spreads, partly offset by a decline in average lending volumes.\nTrading services revenue increased 10% compared to 2010, as a result of an increase in foreign exchange trading revenue related to higher client trading volumes, partly offset by a decline in currency volatility.\nServicing fees, trading services revenue and gains (losses) related to investment securities, net, for our Investment Servicing business line are identical to the respective consolidated results.\nRefer to Servicing Fees, Trading Services and Gains (Losses) Related to Investment Securities, Net under Total Revenue in this Managements Discussion and Analysis for a more in-depth discussion.\nA discussion of processing fees and other revenue is provided in Processing Fees and Other under Total Revenue.\n Net interest revenue declined 15% compared to 2010, primarily as a result of lower conduit-related discount accretion.\nThe level of accretion recorded in 2011 was significantly affected by our December 2010 investment portfolio repositioning.\nA portion of net interest revenue is allocated to the Investment Management business line based on the volume of client liabilities attributable to that line of business."}
{"_id": "d89f26f6a", "title": "", "text": "| As of February 29 or 28 | (In millions) | Warehouse facilities | Term securitizations | Other receivables-1 | Total ending managed receivables | Accrued interest and fees | Other | Less allowance for loan losses | Auto loan receivables, net |"}
{"_id": "d89fa9442", "title": "", "text": "| 30 September 2017 2016 | Current assets | Noncurrent assets | Current liabilities | Noncurrent liabilities | Year Ended 30 September | Net sales | Sales less cost of sales | Operating income | Net income | Number of Shares | Options outstanding at September 26, 2009 | Granted | Cancelled/forfeited | Exercised | Options outstanding at September 25, 2010 | Options exercisable at September 25, 2010 | Options vested and expected to vest at September 25, 2010 -1 | Three Months Ended | Dec 31, 2015 | (In thousands, except per share data) | (unaudited) | Revenues | Commissions | Information and post-trade services | Technology products and services | Investment income | Other | Total revenues | Expenses | Employee compensation and benefits | Depreciation and amortization | Technology and communications | Professional and consulting fees | Occupancy | Marketing and advertising | General and administrative | Total expenses | Income before income taxes | Provision for income taxes | Net income | Net income per common share | Basic | Diluted |"}
{"_id": "d8c8acd30", "title": "", "text": "| -1 (2) December 31, 2006 December 31, 2005 | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total Public Trading Account Assets Supporting Insurance Liabilities |"}
{"_id": "d85e51f12", "title": "", "text": "| Funded PensionPlans Unfunded PensionPlan Postretirement Medical Plan | 2013 | (In millions) | Pension asset / (accrued benefit liability) | Accumulated other comprehensive loss, pre-tax* | Net amount recognized |"}
{"_id": "d8a779d98", "title": "", "text": "Notes to the Financial Statements  Continued Asbestos Proceedings Suits have been brought in New York State and federal courts against the Utilities and many other defendants, wherein a large number of plaintiffs sought large amounts of compensatory and punitive damages for deaths and injuries allegedly caused by exposure to asbestos at various premises of the Utilities.\nThe suits that have been resolved, which are many, have been resolved without any payment by the Utilities, or for amounts that were not, in the aggregate, material to them.\nThe amounts specified in all the remaining thousands of suits total billions of dollars; however, the Utilities believe that these amounts are greatly exaggerated, based on the disposition of previous claims.\nIn 2008, CECONY estimated that its aggregate undiscounted potential liability for these suits and additional suits that may be brought over the next 15 years is $9 million.\nThe estimate was based upon a combination of modeling, historical data analysis and risk factor assessment.\nActual experience may be materially different.\nIn addition, certain current and former employees have claimed or are claiming workers compensation benefits based on alleged disability from exposure to asbestos.\nUnder its current rate agreements, CECONY is permitted to defer as regulatory assets (for subsequent recovery through rates) costs incurred for its asbestos lawsuits and workers compensation claims.\nThe accrued liability for asbestos suits and workers compensation proceedings (including those related to asbestos exposure) and the amounts deferred as regulatory assets for the Companies at December 31, 2009 and 2008 were as follows:"}
{"_id": "d89c92c18", "title": "", "text": "| Trading activities Note 3 Page 87 | Other noninterest revenue | Postretirement employee benefit plans | Employee stock-based incentives | Securities | Securities financing activities | Loans | Allowance for credit losses | Loan securitizations | Variable interest entities | Private equity investments | Goodwill and other intangibles | Premises and equipment | Income taxes | Derivative instruments and hedging activities | Off-balance sheet lending-related financial instrumentsand guarantees | Fair value of financial instruments |"}
{"_id": "d8c9b088a", "title": "", "text": "flected as discontinued operations in the Companys consolidated financial statements.\nIf commodity prices do not recover significantly from current levels, the Company expects further writedowns of the carrying value of its oil and gas properties as the full cost ceiling limitation was calculated using a historical 12-month pricing average that included commodity prices from 2015.\nThese prices were significantly higher than current commodity futures prices.\nTo estimate the full cost ceiling limitation for 2016, had the Company utilized commodity futures prices as of December 31, 2015 in lieu of using historical commodity prices to calculate the 12-month unweighted arithmetic average price, the write-down as of December 31, 2015 would have been higher by $4.3 billion ($3.0 billion net of tax)."}
{"_id": "d86c667c4", "title": "", "text": "| 2009 2008 | December 31, | Credit-linked notes(a) | Static structure | Managed structure | Total |"}
{"_id": "d8b6a5736", "title": "", "text": "| Direct Assumed Ceded Net Assumed/ Net% | (In millions) | Year Ended December 31, 2016 | Property and casualty | Long term care | Earned premiums | Year Ended December 31, 2015 | Property and casualty | Long term care | Earned premiums | Year Ended December 31, 2014 | Property and casualty | Long term care | Earned premiums |"}
{"_id": "d8924d46a", "title": "", "text": "| Past Due | As of December 31, 2013 (in millions) | Commercial Banking: | Commercial real estate | Commercial and industrial | Equipment financing | Total | Retail: | Residential mortgage | Home equity | Other consumer | Total | Total originated loans |"}
{"_id": "d8a558244", "title": "", "text": "| Payments Due by Period | Contractual Obligations | (in thousands) | Operating Leases | Purchase Obligations -1 | Total Contractual Obligations |"}
{"_id": "d88940c14", "title": "", "text": "| Options: Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Life Aggregate Intrinsic Values (in millions) | Outstanding at beginning of year | Granted | Exercised* | Forfeited or expired | Outstanding at end of year | Options exercisable at end of year | Weighted average fair value per share of options granted |"}
{"_id": "d82441930", "title": "", "text": "Obligation for Future Contribution to an Equity Affiliate On 19 April 2015, a joint venture between Air Products and ACWA Holding entered into a 20-year oxygen and nitrogen supply agreement to supply Saudi Aramco’s oil refinery and power plant being built in Jazan, Saudi Arabia.\nAir Products owns 25% of the joint venture and guarantees the repayment of its share of an equity bridge loan.\nIn total, we expect to invest approximately $100 in this joint venture.\nAs of 30 September 2015, we recorded a noncurrent liability of $67.5 for our obligation to make future equity contributions based on advances received by the joint venture under the loan."}
{"_id": "d8afb0782", "title": "", "text": "| Payments Due by Period | Contractual Obligations | Long-term debt* | Operating leases | Other long-term obligations | Total contractual cash obligations |"}
{"_id": "d8a3b4816", "title": "", "text": "NOTE 16.  BUSINESS SEGMENT AND GEOGRAPHIC INFORMATION We operate in the consumer foods industry.\nIn the third quarter of fiscal 2017, we announced a new global organization structure to streamline our leadership, enhance global scale, and drive improved operational agility to maximize our growth capabilities.\nAs a result of this global reorganization, beginning in the third quarter of fiscal 2017, we reported results for our four operating segments as follows: North America Retail, 65.3 percent of our fiscal 2017 consolidated net sales; Convenience Stores & Foodservice, 12.0 percent of our fiscal 2017 consolidated net sales; Europe & Australia, 11.7 percent of our fiscal 2017 consolidated net sales; and Asia & Latin America, 11.0 percent of our fiscal 2017 consolidated net sales.\nWe have restated our net sales by segment and segment operating profit amounts to reflect our new operating segments.\nThese segment changes had no effect on previously reported consolidated net sales, operating profit, net earnings attributable to General Mills, or earnings per share.\nOur North America Retail operating segment consists of our former U. S.  Retail operating units and our Canada region.\nWithin our North America Retail operating segment, our former U. S.  Meals operating unit and U. S.  Baking operating unit have been combined into one operating unit: U. S.  Meals & Baking.\nOur Convenience Stores & Foodservice operating segment is unchanged.\nOur Europe & Australia operating segment consists of our former Europe region.\nOur Asia & Latin America operating segment consists of our former Asia/Pacific and Latin America regions.\nUnder our new organization structure, our chief operating decision maker assesses performance and makes decisions about resources to be allocated to our segments at the North America Retail, Convenience Stores & Foodservice, Europe & Australia, and Asia & Latin America operating segment level.\nOur North America Retail operating segment reflects business with a wide variety of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, and e-commerce grocery providers.\nOur product categories in this business"}
{"_id": "d8dd2a960", "title": "", "text": "| Company / Index 2013 2014 2015 2016 2017 2018 | Teleflex Incorporated | S&P 500 Index | S&P 500 Healthcare Equipment & Supply Index |"}
{"_id": "d824fce4c", "title": "", "text": "| As of and for the Year Ended December 31, | (dollars in millions) | Net interest income | Noninterest income | Total revenue | Noninterest expense | Profit before provision for credit losses | Provision for credit losses | Income before income tax expense | Income tax expense | Net income | Loans and loans held for sale (year-end) | Average Balances: | Total assets | Loans and leases and loans held for sale | Deposits | Interest-earning assets | Key Performance Metrics: | Net interest margin | Efficiency ratio | Period-end loans to deposits ratio-1 | Average loans to average deposits ratio-1 | Return on average total tangible assets | Return on average tangible common equity-2 |"}
{"_id": "d81dfb4d6", "title": "", "text": "| (Dollars in millions) Fiscal2014 Fiscal2013 Fiscal2012 2014-2013% Change 2013-2012% Change | Product revenue | Service and other revenue | Total segment revenue | % of total revenue | Segment operating income | % of related revenue | At July 31, 2014 | (In millions) | Assets: | Cash equivalents, primarily money market funds | Available-for-sale debt securities: | Municipal bonds | Municipal auction rate securities | Corporate notes | U.S. agency securities | Available-for-sale corporate equity securities | Total available-for-sale securities | Total assets measured at fair value on a recurring basis | Liabilities: | Senior notes -1 |"}
{"_id": "d87ef4044", "title": "", "text": "| Years ended December 31 2013 2012 2011 2010 2009 | Commercial Banking: | Commercial real estate | Commercial and industrial | Equipment financing | Retail: | Residential mortgage | Home equity | Other consumer | Total portfolio |"}
{"_id": "d8201b9b4", "title": "", "text": "| Plan Category Number Of Securities To Be Issued Upon ExerciseOf Outstanding Options, Warrants And Rights (a) Weighted-Average Exercise Price Of Outstanding Options, Warrants And Rights (b) Number Of Securities Remaining Available For Future Issuance Under EquityCompensation Plans (excluding securities reflected in column (a)) (c) | Equity compensation plans approved by security holders -1 | Equity compensation plans not approved by security holders -2 | Total |"}
{"_id": "d8edceb9a", "title": "", "text": "| Year ended December 31, 2018 Year ended December 31, 2017 | In millions of dollars | Non-accrual loans at beginning of period | Additions | Sales and transfers to HFS | Returned to performing | Paydowns/settlements | Charge-offs | Other | Ending balance |"}
{"_id": "d8a103658", "title": "", "text": "| Year ended December 31, | (Dollars in thousands) | Average cash and due from banks | Average federal funds sold, securities purchased under agreement to resell and other short-term investmentsecurities | Average cash and cash equivalents | Percentage of total average assets | Net cash provided by operating activities | Net cash used for investing activities | Net cash provided by financing activities | Net increase in cash and cash equivalents | Year ended December 31, | (Dollars in thousands) | Average cash and cash equivalents | Percentage of total average assets | Net cash provided by operating activities | Net cash used for investing activities | Net cash provided by financing activities | Net increase (decrease) in cash and cash equivalents |"}
{"_id": "d89e54362", "title": "", "text": "American International Group, Inc.  and Subsidiaries 14.\nStock Compensation Plans Continued The total unrecognized compensation cost (net of ex- pected forfeitures) related to non-vested share-based compensation awards granted under the 2002 Plan, the AIG DCPPP, the AIG Partners Plan and the SICO Plansat December 31, 2006 and the blended weighted-average period over which that cost is expected to be recognized at December 31, 2006 are as follows:"}
{"_id": "d8995d598", "title": "", "text": "| Percent Increase (Decrease) from | 2006 | (Dollars in millions) | Commercial, financial, etc | Real estate — commercial | Real estate — consumer | Consumer | Automobile | Home equity lines | Home equity loans | Other | Total consumer | Total |"}
{"_id": "d8bc9feca", "title": "", "text": "| Payments Due by Period   (in thousands) | Contractual Obligations | Long Term Debt | Operating Leases | Total Contractual Cash Obligations |"}
{"_id": "d8aba73fc", "title": "", "text": "Institutional active AUM ended 2016 at $1.0 trillion, reflecting $17.9 billion of net inflows.\nInstitutional active represented 21% of long-term AUM and 20% of long-term base fees.\nGrowth in AUM reflected continued strength in multi-asset products with net inflows of $13.3 billion reflecting ongoing demand for solutions offerings and the LifePath?\ntarget-date suite.\nOur top-performing fixed income platform generated net inflows of $10.2 billion, diversified across exposures.\nAlternatives net inflows of $1.8 billion were led by inflows into infrastructure and alternatives solutions offerings.\nIn addition, 2016 was another strong fundraising year for illiquid alternatives, and we raised $5.0 billion in new commitments, which will be a source of future net inflows.\nEquity net outflows of $7.4 billion reflected fundamental and scientific net outflows of $5.0 billion and $2.4 billion, respectively.\nInstitutional index AUM totaled $1.9 trillion at December 31, 2016, reflecting net inflows of $33.5 billion.\nFixed income net inflows of $41.4 billion were driven by demand for liabilitydriven investment solutions, particularly in Europe.\nEquity net outflows of $8.6 billion were primarily due to low-fee regional index equity outflows as clients looked to re-allocate, re-balance or meet their cash needs.\nInstitutional index represented 40% of long-term AUM at December 31, 2016 and accounted for 10% of long-term base fees for 2016.\nThe Companys institutional clients consist of the following: ?\nPensions, Foundations and Endowments.\nBlackRock is among the worlds largest managers of pension plan assets with $1.989 trillion, or 68%, of long-term institutional AUM managed for defined benefit, defined contribution and other pension plans for corporations, governments and unions at December 31, 2016.\nThe market landscape continues to shift from defined benefit to defined contribution, driving strong flows in our defined contribution channel, which had $18.5 billion of long-term net inflows for the year, driven by continued demand for our LifePath target-date suite.\nDefined contribution represented $703.5 billion of total pension AUM, and we remain well positioned to capitalize on the on-going evolution of the defined contribution market and demand for outcome-oriented investments.\nAn additional $61.0 billion, or 2%, of longterm institutional AUM was managed for other tax-exempt investors, including charities, foundations and endowments.  ?\nOfficial Institutions.\nBlackRock manages $181.9 billion, or 6%, of long-term institutional AUM for official institutions, including central banks, sovereign wealth funds, supranationals, multilateral entities and government ministries and agencies at year-end 2016.\nThese clients often require specialized investment advice, the use of customized benchmarks and training support.\nOutflows from official institutions clients of $14.6 billion were primarily from index mandates, linked to clients asset allocation, re-balancing and cash needs.  ?\nFinancial and Other Institutions.\nBlackRock is a top independent manager of assets for insurance companies, which accounted for $272.8 billion, or 10%, of institutional long-term AUM at year-end 2016.\nLongterm net inflows from insurance clients totaled $30.9 billion, driven by demand for highly customized solutions.\nAssets managed for other taxable institutions, including corporations, banks and thirdparty fund sponsors for which we provide sub-advisory services, totaled $406.5 billion, or 14%, of long-term institutional AUM at year-end."}
{"_id": "d8843b322", "title": "", "text": "STATE STREET CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 204 services that we provide to our clients are parts of an integrated offering to these clients.\nWe price our products and services on the basis of overall client relationships and other factors; as a result, revenue may not necessarily reflect the stand-alone market price of these products and services within the business lines in the same way it would for separate business entities.\nGenerally, approximately 70% to 75% of our consolidated total revenue (fee revenue from investment servicing and investment management, as well as trading services and securities finance activities) is generated by these two business lines.\nThe remaining 25% to 30% is composed of processing fees and other revenue, net interest revenue, which is largely generated by our investment of client deposits, short-term borrowings and longterm debt in a variety of assets, and net gains (losses) related to investment securities.\nThese other revenue types are generally fully allocated to, or reside in, Investment Servicing and Investment Management.\nRevenue and expenses are directly charged or allocated to our lines of business through management information systems.\nAssets and liabilities are allocated according to policies that support managements strategic and tactical goals.\nCapital is allocated based on the relative risks and capital requirements inherent in each business line, along with management judgment.\nCapital allocations may not be representative of the capital that might be required if these lines of business were separate business entities.\nThe following table provides a summary of our line of business results for the periods indicated.\nThe Other column for 2013 included net acquisition and restructuring costs of $104 million; certain provisions for litigation exposure and other costs of $65 million; and severance costs associated with reorganization of certain non-U.\nS.  operations of $11 million.\nThe Other column for 2012 included the net realized loss from the sale of all of our Greek investment securities of $46 million; a benefit related to claims associated with the 2008 Lehman Brothers bankruptcy of $362 million; certain provisions for litigation exposure and other costs of $118 million; and acquisition and restructuring costs of $225 million.\nThe Other column for 2011 included acquisition and restructuring costs of $269 million.\nThe amounts in the Other columns were not allocated to State Street's business lines.\nResults for 2012 reflect reclassifications, for comparative purposes, related to management changes in methodologies associated with allocations of capital and expenses reflected in results for 2013.\nResults for 2011 were not adjusted for these reclassifications."}
{"_id": "d87144fa2", "title": "", "text": "| (Dollars in millions) Ending Balance Sheet December 31, 2006 Adoption Net Gain/(Loss) Opening Balance Sheet January 1, 2007 | Impact of adopting SFAS 157 | Net derivative assets and liabilities-1 | Impact of electing the fair value option under SFAS 159 | Loans and leases-2 | Accrued expenses and other liabilities-3 | Loans held-for-sale-4 | Available-for-sale debt securities-5 | Federal funds sold and securities purchased under agreements to resell-6 | Interest-bearing deposit liabilities in domestic offices-7 | Cumulative-effect adjustment, pre-tax | Tax impact | Cumulative-effect adjustment, net-of-tax, decrease to retained earnings |"}
{"_id": "d8ca883fc", "title": "", "text": "The asset allocation for the Canadian defined benefit pension plans as of December 31, 2005 and 2004, respectively, and the target allocation ranges for 2006 by asset category are presented below.\nThe fair value of plan assets for these plans was $198 million and $146 million as of December 31, 2005 and 2004, respectively\nThe Companys postretirement benefit plans are unfunded.\nThe financial objectives of the qualified U. S.  and Canadian pension plans are established in conjunction with a comprehensive review of each plans liability structure.\nThe Companys asset allocation policy is based on a detailed asset/liability analysis.\nIn developing investment policy and financial goals,\ntax-qualified defined contribution 401(k) savings plans.\nSubstantially all U. S.  salaried and certain hourly employees are eligible to participate and may make elective deferrals to such plans to save for retirement.\nInternational Paper makes matching contributions to participant accounts on a specified percentage of employee deferrals as determined by the provisions of each plan.\nFor eligible employees hired after June 30, 2004, the Company makes Retirement Savings Account contributions equal to a percentage of an eligible employees pay.\nIn connection with the Temple-Inland acquisition, International Paper acquired two savings plans which were merged into the International Paper savings plans on December 31, 2012.\nThe Company also sponsors the International Paper Company Deferred Compensation Savings Plan, which is an unfunded nonqualified defined contribution plan.\nThis plan permits eligible employees to continue to make deferrals and receive company matching contributions when their contributions to the International Paper Salaried Savings Plan are stopped due to limitations under U. S.  tax law.\nParticipant deferrals and company matching contributions are not invested in a separate trust, but are paid directly from International Papers general assets at the time benefits become due and payable.\nCompany matching contributions to the plans totaled approximately $112 million, $120 million and $122 million for the plan years ending in 2014, 2013 and 2012, respectively.\nNOTE 17 POSTRETIREMENT BENEFITS U. S.  POSTRETIREMENT BENEFITS International Paper provides certain retiree health care and life insurance benefits covering certain U. S.  salaried and hourly employees.\nThese employees are generally eligible for benefits upon retirement and completion of a specified number of years of creditable service.\nExcluded from company-provided medical benefits are salaried employees whose age plus years of employment with the Company totaled less than 60 as of January 1, 2004.  International Paper does not fund these benefits prior to payment and has the right to modify or terminate certain of these plans in the future.\nIn addition to the U. S.  plan, certain Brazilian and Moroccan employees are eligible for retiree health care and life insurance benefits.\nThe components of postretirement benefit expense in 2014, 2013 and 2012 were as follows:"}
{"_id": "d87c97c9c", "title": "", "text": "Postretirement Benefit Obligations Pension obligations and other postretirement employee benefit (OPEB) obligations are based on various assumptions used by the companys actuaries in calculating these amounts.\nThese assumptions include discount rates, health care cost trend rates, expected return on plan assets, compensation increases, retirement rates, mortality rates and other factors.\nActual results that differ from the assumptions and changes in assumptions affect future expenses and obligations.\nThe pension liabilities, net of pension assets, recognized on the balance sheet at October 31, 2011, 2010 and 2009 were $1,373 million, $693 million and $1,307 million, respectively.\nThe OPEB liabilities, net of OPEB assets, on these same dates were $5,193 million, $4,830 million and $4,652 million, respectively.\nThe increase in pension net liabilities in 2011 was primarily due to a decrease in discount rates, partially offset by the return on plan assets.\nThe decrease in the pension net liabilities in 2010 was primarily due to the return on plan assets and company contributions, partially offset by a decrease in discount rates.\nThe increases in the OPEB net liabilities in 2011 and 2010 were primarily due to the decreases in discount rates.\nThe effect of hypothetical changes to selected assumptions on the companys major U. S.  retirement benefit plans would be as follows in millions of dollars:"}
{"_id": "d8784329a", "title": "", "text": "| Year Ended December 31, | 2013 | (In millions except ratios and per share data) | Statement of income data: | Total operating revenues | Total operating costs and expenses, and other expenses(b) | (Loss)/Income from continuing operations, net | Net (loss)/income attributable to NRG Energy, Inc. | Common share data: | Basic shares outstanding — average | Diluted shares outstanding — average | Shares outstanding — end of year | Per share data: | Net (loss)/income attributable to NRG — basic | Net (loss)/income attributable to NRG — diluted | Dividends declared per common share | Book value | Business metrics: | Cash flow from operations | Liquidity position(a) | Ratio of earnings to fixed charges | Ratio of earnings to fixed charges and preferred dividends | Return on equity | Ratio of debt to total capitalization | Balance sheet data: | Current assets | Current liabilities | Property, plant and equipment, net | Total assets | Long-term debt, including current maturities, capital leases, and funded letter of credit | Total stockholders' equity |"}
{"_id": "d88caa49a", "title": "", "text": "| December 31 | (Dollars in millions) | Consumer | Residential mortgage | Home equity | Discontinued real estate | Direct/Indirect consumer | Other consumer | Total consumer-3 | Commercial | Commercial – domestic-4 | Commercial real estate | Commercial lease financing | Commercial – foreign | 6,292 | Small business commercial – domestic | Total commercial-5 | Total nonperforming loans and leases | Foreclosed properties | Total nonperforming assets |"}
{"_id": "d88995a34", "title": "", "text": "| December 31 – in millions 2012(a) 2011 2010 2009 2008 | Commercial lending | Commercial | Commercial real estate | Equipment lease financing | Total commercial lending | Consumer lending | Home equity | Residential real estate | Credit card | Other consumer | Total consumer lending | Total loans |"}
{"_id": "d870c5644", "title": "", "text": "Own Debt Valuation Adjustments (DVA) Own debt valuation adjustments are recognized on Citi’s liabilities for which the fair value option has been elected using Citi’s credit spreads observed in the bond market.\nEffective January 1, 2016, changes in fair value of fair value option liabilities related to changes in Citigroup’s own credit spreads (DVA) are reflected as a component of AOCI.\nSee Note 1 to the Consolidated Financial Statements for additional information.\nAmong other variables, the fair value of liabilities for which the fair value option has been elected (other than non-recourse and similar liabilities) is impacted by the narrowing or widening of the Company’s credit spreads.\nThe estimated changes in the fair value of these liabilities due to such changes in the Company’s own credit spread (or instrument-specific credit risk) were a gain of $1,415 million and a loss of $680 million for the years ended December 31, 2018 and 2017, respectively.\nChanges in fair value resulting from changes in instrument-specific credit risk were estimated by incorporating the Company’s current credit spreads observable in the bond market into the relevant valuation technique used to value each liability as described above.\nThe Fair Value Option for Financial Assets and Financial Liabilities Selected Portfolios of Securities Purchased Under Agreements to Resell, Securities Borrowed, Securities Sold Under Agreements to Repurchase, Securities Loaned and Certain Non-Collateralized Short-Term Borrowings The Company elected the fair value option for certain portfolios of fixed income securities purchased under agreements to resell and fixed income securities sold under agreements to repurchase, securities borrowed, securities loaned and certain non-collateralized short-term borrowings held primarily by broker-dealer entities in the United States, United Kingdom and Japan.\nIn each case, the election was made because the related interest rate risk is managed on a portfolio basis, primarily with offsetting derivative instruments that are accounted for at fair value through earnings.\nChanges in fair value for transactions in these portfolios are recorded in Principal transactions.\nThe related interest revenue and interest expense are measured based on the contractual rates specified in the transactions and are reported as Interest revenue and Interest expense in the Consolidated Statement of Income.\nCertain Loans and Other Credit Products Citigroup has also elected the fair value option for certain other originated and purchased loans, including certain unfunded loan products, such as guarantees and letters of credit, executed by Citigroup’s lending and trading businesses.\nNone of these credit products are highly leveraged financing commitments.\nSignificant groups of transactions include loans and unfunded loan products that are expected to be either sold or securitized in the near term, or transactions where the economic risks are hedged with derivative instruments, such as purchased credit default swaps or total return swaps where the Company pays the total return on the underlying loans to a third party.\nCitigroup has elected the fair value option to mitigate accounting mismatches in cases where hedge accounting is complex and to achieve operational simplifications.\nFair value was not elected for most lending transactions across the Company."}
{"_id": "d861947a6", "title": "", "text": "Treasury encompasses the securities portfolio, short-term investments, brokered deposits, wholesale borrowings and the funding center, which includes the impact of derivative financial instruments used for risk management purposes.\nThe income or loss for the funding center represents the IRR component of People’s United’s net interest income as calculated by its FTP model in deriving each operating segment’s net interest income.\nUnder this process, the funding center buys funds from liability-generating business lines, such as consumer deposits, and sells funds to asset-generating business lines, such as commercial lending.\nThe price at which funds are bought and sold on any given day is set by People’s United’s Treasury group and is based on the wholesale cost to People’s United of assets and liabilities with similar maturities.\nLiability-generating businesses sell newly-originated liabilities to the funding center and recognize a funding credit, while asset-generating businesses buy funding for newly-originated assets from the funding center and recognize a funding charge.\nOnce funding for an asset is purchased from or a liability is sold to the funding center, the price that is set by the Treasury group will remain with that asset or liability until it matures or reprices, which effectively transfers responsibility for managing IRR to the Treasury group."}
{"_id": "d87ee55bc", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements The firm also pledges certain financial instruments owned, at fair value in connection with repurchase agreements, securities loaned transactions and other secured financings, and other assets (primarily real estate and cash) in connection with other secured financings to counterparties who may or may not have the right to deliver or repledge them.\nThe table below presents financial instruments at fair value received as collateral that were available to be delivered or repledged and were delivered or repledged by the firm."}
{"_id": "d89018294", "title": "", "text": "| RM&T Operating Statistics 2007 2006 | Refining and wholesale marketing gross margin(Dollars per gallon)(a) | Refined products sales volumes(Thousands of barrels per day) |"}
{"_id": "d895325cc", "title": "", "text": "| Net Undeveloped Acres Expiring Year Ended December 31, | (In thousands) | U.S. | E.G. | Other Africa | Total Africa | Other International | Total |"}
{"_id": "d8ded8988", "title": "", "text": "| Real Estate | Commercial, Financial, Leasing, etc. | (In thousands) | December 31, 2017 | Pass | Criticized accrual | Criticized nonaccrual | Total | December 31, 2016 | Pass | Criticized accrual | Criticized nonaccrual | Total |"}
{"_id": "d8e881674", "title": "", "text": "Tax Effects of Stock Awards.\nIn November 2005, FASB issued a Staff Position (FSP) on FAS 123(R)-3, Transition Election Related to Accounting for the Tax Effects of Share-Based Payment Awards.\nEffective upon issuance, this FSP describes an alternative transition method for calculating the tax effects of share-based compensation pursuant to SFAS 123(R).\nThe alternative transition method includes simplified methods to establish the beginning balance of the additional paid-in capital pool (APIC pool) related to the tax effects of employee stock based compensation, and to determine the subsequent impact on the APIC pool and the statement of cash flows of the tax effects of employee share-based compensation"}
{"_id": "d82b41f64", "title": "", "text": "| Balance at December 31, 2002 $15 | Additional liability recorded from cumulative effect of accounting change | Accretion expense | Change in the timing of estimated cash flows | Balance at December 31, 2003 |"}
{"_id": "d89348b4e", "title": "", "text": "| Years ended December 31, | 2006 | Cash paid for current year acquisitions | Cash paid for prior acquisitions: | Cost of investment | Compensation expense-related payments | Less: cash acquired | Net cash paid for acquisitions |"}
{"_id": "d87053b7a", "title": "", "text": "| % Change | (in millions of U.S. dollars, except for percentages) | Net premiums written | Net premiums earned | Losses and loss expenses | Policy acquisition costs | Administrative expenses | Underwriting income | Net investment income | Net realized gains (losses) | Interest expense | Other (income) expense | Income tax expense | Net income | Loss and loss expense ratio | Policy acquisition cost ratio | Administrative expense ratio | Combined ratio |"}
{"_id": "d87516360", "title": "", "text": "In 2015, Arconic recognized an additional $141 discrete income tax charge for valuation allowances on certain deferred tax assets in Iceland and Suriname.\nOf this amount, an $85 valuation allowance was established on the full value of the deferred tax assets in Suriname, which were related mostly to employee benefits and tax loss carryforwards.\nThese deferred tax assets have an expiration period ranging from 2016 to 2022 (as of December 31, 2015).\nThe remaining $56 charge relates to a valuation allowance established on a portion of the deferred tax assets recorded in Iceland.\nThese deferred tax assets have an expiration period ranging from 2017 to 2023.\nAfter weighing all available positive and negative evidence, as described above, management determined that it was no longer more likely than not that Arconic will realize the tax benefit of either of these deferred tax assets.\nThis was mainly driven by a decline in the outlook of the Primary Metals business, combined with prior year cumulative losses and a short expiration period."}
{"_id": "d820d04f4", "title": "", "text": "| Payments Due by Period | (in millions) | Term Loan-1 | Kelway Term Loan-1 | Senior Notes due 2022-2 | Senior Notes due 2023-2 | Senior Notes due 2024-2 | Operating leases-3 | Asset retirement obligations-4 | Total |"}
{"_id": "d8b2ec720", "title": "", "text": "| ($ in millions, except per share amounts) 2010 2009 2008 | Net earnings attributable to Ball Corporation, as reported | Discontinued operations, net of tax | Business consolidation activities, net of tax | Gains and equity earnings related to acquisitions, net of tax | Gain on dispositions, net of tax | Debt refinancing costs, net of tax | Adjusted net earnings | Per diluted share from continuing operations, as reported | Per diluted share, as adjusted | In Millions, Fiscal Year | Segment Operating Profit: | U.S. Retail | International | Bakeries and Foodservice | Total segment operating profit | Unallocated corporate items | Interest, net | Restructuring and other exit costs | Divestitures – gain | Debt repurchase costs | Earnings before income taxes and after-tax earnings from joint ventures |"}
{"_id": "d88d0b9d4", "title": "", "text": "customers comes either through procurement processes conducted by the IPA or through markets operated by MISO.\nThe IPA administers an RFP process through which Ameren Illinois procures its expected supply obligation.\nThe power and related procurement costs incurred by Ameren Illinois are passed directly to its customers through a cost recovery mechanism.\nAmeren Illinois charges transmission and distribution service rates to customers who purchase electricity from alternative retail electric suppliers.\nSee Note 14  Related Party Transactions and Note 15  Commitments and Contingencies under Part II, Item 8, of this report for additional information on power procurement in Illinois."}
{"_id": "d8a597a48", "title": "", "text": "| Convertible notes principal amount $1,725,000 | Unamortized discount | Net carrying amount | Equity component, net of taxes |"}
{"_id": "d87d6c7a8", "title": "", "text": "Segment Results—2009 Compared to 2008In 2009, the segment’s net sales were $7.1 billion, a decrease of 41% compared to net sales of $12.1 billionin 2008.\nThe 41% decrease in net sales was primarily driven by a 45% decrease in unit shipments, partially offsetby an 8% increase in average selling price (‘‘ASP’’).\nThe segment’s net sales were negatively impacted by reducedproduct offerings in large market segments, particularly 3G products, including smartphones, and the segment’slimited product offerings in very low-tier products.\nOn a product technology basis, net sales decreasedsubstantially for GSM, CDMA and 3G technologies, partially offset by an increase in net sales for iDENtechnology.\nOn a geographic basis, net sales decreased substantially in Latin America, the Europe, Middle Eastand African region (‘‘EMEA’’) and Asia and, to a lesser extent, decreased in North America.\nThe segment incurred an operating loss of $1.1 billion in 2009, an improvement of 51% compared to anoperating loss of $2.2 billion in 2008.\nThe decrease in the operating loss was primarily due to decreases in:(i) selling, general and administrative (‘‘SG&A’’) expenses, primarily due to lower marketing expenses and savingsfrom cost-reduction initiatives, (ii) research and development (‘‘R&D’’) expenditures, reflecting savings fromcost-reduction initiatives,(iii) lower excess inventory and other related charges in 2009 than in 2008, when thecharges included a $370 million charge due to a decision to consolidate software and silicon platforms, and(iv) the absence in 2009 of a comparable $150 million charge in 2008 related to settlement of a purchasecommitment, partially offset by a decrease in gross margin, driven by the 41% decrease in net sales.\nAs apercentage of net sales in 2009 as compared to 2008, gross margin and R&D expenditures increased and SG&Aexpenses decreased.\nThe segment’s industry typically experiences short life cycles for new products.\nTherefore, it is vital to thesegment’s success that new, compelling products are continually introduced.\nAccordingly, a strong commitment to"}
{"_id": "d81a5d6d0", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | Case reserves reported by ceding companies | Additional case reserves established by the Company (assumed reinsurance)(1) | Case reserves established by the Company (direct insurance) | Incurred but not reported reserves | Gross reserves | Reinsurance receivable | Net reserves | ______________ | Years Ended December 31, | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8de10d2a", "title": "", "text": "| Years Ended December 31, | 2008 | (In millions) | Balance, beginning of period | Additions | Deductions | Balance, end of period |"}
{"_id": "d87ab1a68", "title": "", "text": "On June 21, 2012, Moodys downgraded the long-term ratings of the Firm and affirmed all its short-term ratings.\nThe outlook for the parent holding company was left on negative reflecting Moodys view that government support for U. S.  bank holding company creditors is becoming less certain and less predictable.\nSuch ratings actions concluded Moodys review of 17 banks and securities firms with global capital markets operations, including the Firm, as a result of which all of these institutions were downgraded by various degrees.\nFollowing the disclosure by the Firm, on May 10, 2012, of losses from the synthetic credit portfolio held by CIO, Fitch downgraded the Firm and placed all parent and subsidiary long-term ratings on Ratings Watch Negative.\nAt that time, S&P also revised its outlook on the ratings of the Firm from Stable to Negative.\nSubsequently, on October 10, 2012, Fitch revised the outlook to Stable and affirmed the Firms ratings.\nThe above-mentioned rating actions did not have a material adverse impact on the Firms cost of funds and its ability to fund itself.\nFurther downgrades of the Firms long-term ratings by one notch or two notches could result in a downgrade of the Firms short-term ratings.\nIf this were to occur, the Firm believes its cost of funds could increase and access to certain funding markets could be reduced.\nThe nature and magnitude of the impact of further ratings downgrades depends on numerous contractual and behavioral factors (which the Firm believes are incorporated in the Firms liquidity risk and stress testing metrics).\nThe Firm believes it maintains sufficient liquidity to withstand any potential decrease in funding capacity due to further ratings downgrades.\nJPMorgan Chases unsecured debt does not contain requirements that would call for an acceleration of payments, maturities or changes in the structure of the existing debt, provide any limitations on future borrowings or require additional collateral, based on unfavorable changes in the Firms credit ratings, financial ratios, earnings, or stock price.\nRating agencies continue to evaluate various ratings factors, such as regulatory reforms, rating uplift assumptions surrounding government support, and economic uncertainty and sovereign creditworthiness, and their potential impact on ratings of financial institutions.\nAlthough the Firm closely monitors and endeavors to manage factors influencing its credit ratings, there is no assurance that its credit ratings will not be changed in the future."}
{"_id": "d8ad4c40a", "title": "", "text": "Stock-Based Compensation Equity Compensation Plans The Company has one share-based compensation plan pursuant to which awards are currently being made—the 2008 Equity Incentive Plan.\nThe Company has four share-based compensation plans pursuant to which outstanding awards have been made, but from which no further awards can or will be made—i) the 1995 Combination Stock Option Plan; ii) the 1997 Employee Equity Incentive Plan; iii) the 1999 Equity Incentive Plan; and iv) the 2000 Acquisition Equity Incentive Plan.\nAt the Company’s March 11, 2008 Annual Meeting of Stockholders, the Company’s 2008 Equity Incentive Plan (the “2008 Equity Plan”) was approved.\nIn connection with this approval, the Company’s 1999 Second Amended and Restated Equity Incentive Plan was terminated.\nThe purpose of the 2008 Equity Plan is to provide stock options, stock issuances and other equity interests in the Company to employees, officers, directors, consultants and advisors of the Company and its parents and subsidiaries, and any other person who is determined by the Board of Directors to have made (or is expected to make) contributions to the Company.\nThe 2008 Equity Plan is administered by the Board of Directors of the Company, and a total of 20 million shares were reserved for issuance under this plan.\nAs of September 24, 2011, the Company had approximately 8.2 million shares available for future grant under this plan.\nThe Company assumed certain other plans in connection with the Cytyc and Third Wave acquisitions, and no shares are available for future grant under these plans."}
{"_id": "d83c8aec4", "title": "", "text": "| Year ended April 30, 2017 2016 $ Change % Change | Consulting and outsourced services | Bank partner fees | Client claims and refunds | Employee travel and related expenses | Software and IT maintenance expenses | Credit card/bank charges | Insurance | Legal fees and settlements | Other | $365,217 |"}
{"_id": "d886aa4f0", "title": "", "text": "| 2016 2015 2014 | Balance at beginning of year | Additions charged to expense | Accounts written-off | Balance at end of year |"}
{"_id": "d86dcdb6c", "title": "", "text": "| Income before income taxes and minority interest $17,542 | Net income | Net earnings per common share: | Basic | Diluted | 2005 | Net income, as reported | Deduct: Total share-based compensation expensedetermined under fair value based method for | stock options, net of related tax effects | Pro forma net income | Net earnings per common share: | Basic – as reported | Basic – pro forma | Diluted – as reported | Diluted – pro forma |"}
{"_id": "d8f6c9fce", "title": "", "text": "| Pension plans Postretirement benefit plans | In millions of dollars | 2015 | Change in projected benefit obligation | Qualified plans | Projected benefit obligation at beginning of year | Benefits earned during the year | Interest cost on benefit obligation | Plan amendments | Actuarial loss (gain)(1) | Benefits paid, net of participants’ contributions | Expected government subsidy | Divestitures | Settlement (gain) loss(2) | Curtailment (gain) loss(2) | Special termination benefits-2 | Foreign exchange impact and other | Qualified plans | Nonqualified plans | Projected benefit obligation at year end |"}
{"_id": "d8d3127de", "title": "", "text": "CITIZENS FINANCIAL GROUP, INC.  MANAGEMENTS DISCUSSION AND ANALYSIS 75 Non-core assets are primarily liquidating loan and lease portfolios inconsistent with our strategic priorities, generally as a result of geographic location, industry, product type or risk level and are included in Other.\nNon-core assets of $2.1 billion as of December 31, 2017 decreased $670 million, or 24%, from December 31, 2016.\nRetail non-core loan balances of $1.2 billion decreased $377 million, or 25%, compared to December 31, 2016.\nThe largest component of our retail non-core portfolio is the home equity SBO portfolio, which totaled $691 million as of December 31, 2017, compared to $969 million as of December 31, 2016.\nThe SBO portfolio represented 2% of the retail real estate secured portfolio and 1% of the overall retail loan portfolio as of December 31, 2017.\nThe SBO portfolio is a liquidating portfolio consisting of pools of home equity loans and lines of credit purchased between 2003 and 2007.\nAlthough our SBO portfolio consists of loans that were initially serviced by others, we now service a portion of this portfolio internally.\nSBO balances serviced externally totaled $372 million and $505 million as of December 31, 2017 and 2016, respectively.\nThe credit profile of the SBO portfolio reflected a weighted-average refreshed FICO score of 709 and CLTV of 81% as of December 31, 2017.\nThe proportion of the portfolio in a second lien position was 97%, with 70% of the portfolio in out-of-footprint geographies.\nSBO net recoveries of $5 million in 2017 reflected a $30 million improvement from 2016, driven by continued portfolio seasoning, recoveries from aged charge-offs, and balance liquidation.\nCommercial non-core loan and lease balances of $827 million decreased $250 million, or 23%, from $1.1 billion as of December 31, 2016.\nThe largest component of our commercial non-core portfolio is an aircraft-related loan and lease portfolio tied to legacy-Royal Bank of Scotland Group plc aircraft leasing borrowers, which totaled $752 million as of December 31, 2017 and $917 million as of December 31, 2016.\nDuring second quarter 2017, we recorded a $26 million pre-tax impairment write-down largely related to certain large-cabin aircraft lease assets primarily in the non-core portfolio.\nAllowance for Credit Losses and Nonperforming Assets The allowance for credit losses, which consists of an ALLL and a reserve for unfunded lending commitments, is created through charges to the provision for credit losses in order to provide appropriate reserves to absorb future estimated credit losses in accordance with GAAP.\nFor further information on our processes to determine our allowance for credit losses, see Critical Accounting Estimates  Allowance for Credit Losses, and Note 5 Allowance for Credit Losses, Nonperforming Assets, and Concentrations of Credit Risk to our audited Consolidated Financial Statements in Part II, Item 8  Financial Statements and Supplementary Data, included in this report.\nSummary of Loan and Lease Loss Experience The following table presents a summary of the changes to our ALLL:"}
{"_id": "d818a3952", "title": "", "text": "Variable Interest Entities In accordance with Financial Accounting Standards Board (FASB) Interpretation No.46 Revised (FIN 46R), “Consolidation of Variable Interest Entities, an Interpretation of ARB No.51”, the Company consolidates 19 DownREIT limited partnerships (comprising twelve properties), and an office building that is subject to loans made by the Company.\nThe Company consolidates these entities because it is deemed the primary beneficiary under FIN 46R.\nThe total assets and liabilities related to these variable interest entities (VIEs), net of intercompany eliminations, were approximately $222.7 million and $163.9 million as of December 31, 2007 and $178.3 million and $110.9 million as of December 31, 2006, respectively.\nInterest holders in VIEs consolidated by the Company are allocated net income equal to the cash payments made to those interest holders for services rendered or distributions from cash flow.\nThe remaining results of operations are generally allocated to the Company.\nAs of December 31, 2007 and 2006, the Company was involved with two VIEs, of which it is not deemed to be the primary beneficiary.\nTotal assets and liabilities of these entities were approximately $71.7 million and $78.5 million and $58.3 million and $58.4 million, as of December 31, 2007 and 2006, respectively.\nThe Company does not have a significant exposure to loss from its involvement with these unconsolidated VIEs.\nCritical Accounting Policies and Estimates The preparation of consolidated financial statements, in accordance with U. S.  generally accepted accounting"}
{"_id": "d8ef1966c", "title": "", "text": "Compensation and Benefits Expense The following table provides a summary of our compensation and benefits expense:"}
{"_id": "d8a8c69ee", "title": "", "text": "| December 31, 2011 2011 Net Charge-offs | (Dollars in millions) | U.S commercial | Commercial real estate | Non-U.S. commercial | U.S. small business commercial | Total | Accretable yield, January 1, 2010 | Accretion | Disposals/transfers | Reclassifications to nonaccretable difference | Accretable yield, December 31, 2010 | Accretion | Disposals/transfers | Reclassifications from nonaccretable difference | Accretable yield, December 31, 2011 | Year Ended December 31, | 2013 | ($ in millions, except per share amounts) | Net earnings (loss) | Adjusted earnings-1 | Earnings (loss) per share | Adjusted earnings per share-1 | Production (MBoe/d) | Realized price per Boe | Adjusted operating income per Boe-2 | Operating cash flow | Capitalized costs | Shareholder distributions-3 | Reserves (MMBoe) | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 and thereafter | Total |"}
{"_id": "d8eddb50c", "title": "", "text": "Rate Matters NSP-Minnesota Pending and Recently Concluded Regulatory Proceedings — MPUC Base Rate NSP-Minnesota Electric Rate Case — In November 2008, NSP-Minnesota filed a request with the MPUC to increase Minnesota electric rates by $156 million annually.\nThis request was later modified to $136 million.\nIn September 2009, the MPUC voted to approve a rate increase of approximately $91.4 million.\nAs part of its decision, the MPUC approved a 10-year life extension of the Prairie Island nuclear plant for purposes of determining depreciation and decommissioning expenses, effective Jan.  1, 2009.\nThis decision reduced NSP-Minnesota’s overall\nPSCo and SPS have various pay-for-performance contracts with expiration dates through the year 2033.\nIn general, these contracts provide for capacity payments, subject to meeting certain contract obligations, and energy payments based on actual power taken under the contracts.\nCertain contractual payment obligations are adjusted based on indices.\nHowever, the effects of price adjustments are mitigated through cost-of-energy rate adjustment mechanisms.\nAt Dec.  31, 2009, the estimated future payments for capacity, accounted for as executory contracts, that the utility subsidiaries of Xcel Energy are obligated to purchase, subject to availability, are as follows:"}
{"_id": "d85eb432e", "title": "", "text": "| As of February 29 or 28 | (In thousands) | Revolving credit facility | Finance and capital lease obligations | Non-recourse notes payable | Total debt | Less short-term debt and current portion: | Revolving credit facility | Finance and capital lease obligations | Non-recourse notes payable | Total debt, excluding current portion |"}
{"_id": "d8671f4e6", "title": "", "text": "| Year Ended December 31 2013 over 2012 2012 over 2011 | ($ in millions) | Sales and Service Revenues | Ingalls | Newport News | Intersegment eliminations | Total sales and service revenues | Operating Income (Loss) | Ingalls | Newport News | Total Segment Operating Income (Loss) | Non-segment factors affecting operating income (loss) | FAS/CAS Adjustment | Deferred state income taxes | Total operating income (loss) |"}
{"_id": "d8972a816", "title": "", "text": "| 2017 2016 2015 | December 31, (in millions) | Federal funds sold and securities purchased under resale agreements | Securities borrowed | Trading assets: | Debt and equity instruments, excluding loans | Loans reported as tradingassets: | Changes in instrument-specific credit risk | Other changes in fair value | Loans: | Changes in instrument-specific credit risk | Other changes in fair value | Other assets | Deposits(a) | Federal funds purchased and securities loaned or sold under repurchase agreements | Short-term borrowings(a) | Trading liabilities | Beneficial interests issued by consolidated VIEs | Long-term debt(a)(b) |"}
{"_id": "d89794072", "title": "", "text": "| Year ended December 31 Change | Dollars in millions | Noninterest income | Asset management | Consumer services | Corporate services | Residential mortgage | Service charges on deposits | Other | Total noninterest income |"}
{"_id": "d86efa878", "title": "", "text": "| December 31 | (Dollars in millions) | Consumer | Residential mortgage-1 | Home equity | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer-2 | Other consumer-3 | Total consumer loans excluding loans accounted for under the fair value option | Consumer loans accounted for under the fair value option-4 | Total consumer | Commercial | U.S. commercial-5 | Commercial real estate-6 | Commercial lease financing | Non-U.S. commercial | Total commercial loans excluding loans accounted for under the fair value option | Commercial loans accounted for under the fair value option-4 | Total commercial | Less: Loans of business held for sale-7 | Total loans and leases |"}
{"_id": "d86194954", "title": "", "text": "Non-Performing Assets A loan is generally considered “non-performing” when it is placed on non-accrual status.\nA loan is generally placed on non-accrual status when it becomes 90 days past due as to interest or principal payments.\nPast due status is based on the contractual payment terms of the loan.\nA loan may be placed on non-accrual status before it reaches 90 days past due if such loan has been identified as presenting uncertainty with respect to the collectability of interest and principal.\nA loan past due 90 days or more may remain on accruing status if such loan is both well secured and in the process of collection.\nAll previously accrued but unpaid interest on non-accrual loans is reversed from interest income in the period in which the accrual of interest is discontinued.\nInterest payments received on non-accrual loans (including impaired loans) are generally applied as a reduction of principal if future collections are doubtful, although such interest payments may be recognized as income.\nA loan remains on non-accrual status until the factors that indicated doubtful collectability no longer exist or until a loan is determined to be uncollectible and is charged off against the allowance for loan losses.\nThere were no loans past due 90 days or more and still accruing interest at December 31, 2016 or 2015."}
{"_id": "d8926f75e", "title": "", "text": "Bristol-Myers Squibb 104 The Company’s investment strategy emphasizes equities in order to achieve high expected returns and, in the long run, low expense and low required cash contributions.\nFor the U. S.  pension plans, a target asset allocation of 70% public equity (58% U. S. , 12% international), 8% private equity and 22% fixed income is maintained and cash flow (i. e. , cash contributions, benefit payments) is used to rebalance back to the targets as necessary.\nInvestments are very well diversified within each of the three major asset categories.\nAbout 40% of the U. S.  equity is passively managed.\nOtherwise, all investments are actively managed.\nInvestment strategies for international pension plans are typically similar, although the asset allocations are usually more conservative.\nBristol–Myers Squibb Company common stock represents less than 1% of the plan assets at December 31, 2005 and 2004.\nAssets for postretirement benefits are commingled with U. S.  pension plan assets and, therefore, the investment strategy is identical to that described above for U. S.  pension plans.\nContributions Although no minimum contributions will be required, the Company plans to make cash contributions to the U. S.  pension plans in 2006.\nWhen contributions are made to the U. S.  pension plans, the Company may make tax-deductible contributions to the 401(h) account for retiree medical benefits equal to a portion of the pension normal cost.\nContributions to the international pension plans are now expected to be in the $70 to $90 million range for 2006.\nEstimated Future Benefit Payments The following benefit payments for mainly the U.\nS pension plans, which reflect expected future service, as appropriate, are expected to be paid:"}
{"_id": "d8ed43496", "title": "", "text": "There are several methods that can be used to determine the estimated fair value of the IPR&D acquired in a business combination.\nWe utilized the income method, which applies a probability weighting to the estimated future net cash fl ows that are derived from projected sales revenues and estimated costs.\nThese projections are based on factors such as relevant market size, patent protection, historical pricing of similar products, and expected industry trends.\nThe estimated future net cash fl ows are then discounted to the present value using an appropriate discount rate.\nThis analysis is performed for each project independently.\nIn accordance with FIN 4, Applicability of FASB Statement No.2 to Business Combinations Accounted for by the Purchase Method, these acquired IPR&D intangible assets totaling $4.71 billion and $340.5 million in 2008 and 2007, respectively, were expensed immediately subsequent to the acquisition because the products had no alternative future use.\nThe ongoing activities with respect to each of these products in development are not material to our research and development expenses.\nIn addition to the acquisitions of businesses, we also acquired several products in development.\nThe acquired IPR&D related to these products of $122.0 million and $405.1 million in 2008 and 2007, respectively, was also written off by a charge to income immediately upon acquisition because the products had no alternative future use."}
{"_id": "d86b3c3bc", "title": "", "text": "| 2014 2013 2012 | Federal provision/(benefit) at statutory tax rate (35%) | State and local provision/(benefit), net of federal benefit | Acquisition of FNC | Other | Total tax provision/(benefit) – U.S. |"}
{"_id": "d8f2f1ac8", "title": "", "text": "| Year Ended December 31, Year Ended December 31, | 2018 | NYSE cash equities (shares in millions): | NYSE listed (Tape A) issues: | Handled volume | Matched volume | Total NYSE listed consolidated volume | Share of total matched consolidated volume | NYSE Arca, NYSE American and regional listed (Tape B) issues: | Handled volume | Matched volume | Total NYSE Arca, NYSE American and regional listed consolidated volume | Share of total matched consolidated volume | Nasdaq listed (Tape C) issues: | Handled volume | Matched volume | Total Nasdaq listed consolidated volume | Share of total matched consolidated volume | Total cash handled volume | Total cash market share matched | NYSE equity options (contracts in thousands): | NYSE equity options volume | Total equity options volume | NYSE share of total equity options | Revenue capture or rate per contract: | Cash equities rate per contract (per 100 shares) | Equity options rate per contract |"}
{"_id": "d8ec31756", "title": "", "text": "| As of | (in millions) | Derivative Assets: | Designated Hedging Instruments | Currency hedge contracts | Currency hedge contracts | 88 | Non-Designated Hedging Instruments | Currency hedge contracts | Total Derivative Assets | Derivative Liabilities: | Designated Hedging Instruments | Currency hedge contracts | Currency hedge contracts | 30 | Non-Designated Hedging Instruments | Currency hedge contracts | Total Derivative Liabilities |"}
{"_id": "d873e1f80", "title": "", "text": "| 2008 2007 2006 2005 2004 | Softwood lumber-1 | Engineered solid section | Engineered I-joists | Oriented strand board | Plywood | Hardwood lumber | Other products produced-1 | Other products purchased for resale | Total |"}
{"_id": "d8825d6ea", "title": "", "text": "| Years ended December 31 2018 2017 2016 | Statutory tax rate | U.S. state income taxes, net of U.S. federal benefit | Taxes on international operations-1 | Nondeductible expenses | Adjustments to prior year tax requirements | Adjustments to valuation allowances | Change in uncertain tax positions | Excess tax benefits related to shared based compensation-2 | U.S. Tax Reform impact-3 | Loss on disposition | Other — net | Effective tax rate |"}
{"_id": "d8e5a9668", "title": "", "text": "| Revenue Mix Summary Year Ended Comparable Sales Summary Year Ended | January 31, 2015 | Consumer Electronics | Computing and Mobile Phones | Entertainment | Appliances | Services | Other | Total |"}
{"_id": "d8a06de32", "title": "", "text": "| A.M. Best Standard & Poor's Moody's | Senior Notes | Trust Preferred Securities | Long Term Notes |"}
{"_id": "d8d43dc12", "title": "", "text": "| December 31, 2011 | Derivative Assets | (In millions) | Quoted prices in active markets for identical assets and liabilities (Level 1) | Significant other observable inputs (Level 2) | Significant unobservable inputs (Level 3) | Total estimated fair value |"}
{"_id": "d8a0bcec4", "title": "", "text": "| Land $32,494 | Building | Acquired above-market leases | Acquired in-place leases | Restricted cash | Assets acquired | Mortgage note payable | Acquired below-market leases | Other liabilities, net of other assets | Liabilities assumed | Net assets acquired |"}
{"_id": "d8a6c7a4e", "title": "", "text": "| Year Ended December 31, | 2009 | (Amounts in thousands) | Rental income | Property and maintenance expense | Real estate taxes and insurance expense | Property management expense | Total operating expenses | Net operating income |"}
{"_id": "d88de6fac", "title": "", "text": "In November 2016, the FASB amended the existing accounting standards for the classification and presentation of restricted cash in the statement of cash flows.\nThe Company adopted the guidance in the first quarter of fiscal 2019, beginning November 1, 2018, using the retrospective method.\nAs a result of adopting this accounting standards update, for the fiscal years ended October 31, 2018 and 2017, the Company\nItem 7.\nManagement’s Discussion and Analysis of Financial Condition and Results of Operations Results of Operations – CNA Financial – (Continued) CNA’s property and casualty field structure consists of 33 branch locations across the country organized into 2 territories.\nEach branch provides the marketing, underwriting and risk control expertise on the entire portfolio of products.\nThe Centralized Processing Operation for small and middle-market customers, located in Maitland, Florida, handles policy processing, billing and collection activities, and also acts as a call center to optimize customer service.\nThe claims structure consists of a centralized claim center designed to efficiently handle property damage and medical only claims and 14 claim office locations around the country handling the more complex claims.\nCNA utilizes the net operating income financial measure to monitor its operations.\nNet operating income is calculated by excluding from net income the after tax and minority interest effects of (1) net realized investment gains or losses, (2) income or loss from discontinued operations and (3) any cumulative effects of changes in accounting principles.\nIn evaluating the results of our Standard Lines and Specialty Lines segments, CNA management utilizes the loss ratio, the expense ratio, the dividend ratio, and the combined ratio.\nThese ratios are calculated using GAAP financial results.\nThe loss ratio is the percentage of net incurred claim and claim adjustment expenses to net earned premiums.\nThe expense ratio is the percentage of insurance underwriting and acquisition expenses, including the amortization of deferred acquisition costs, to net earned premiums.\nThe dividend ratio is the ratio of policyholders’ dividends incurred to net earned premiums.\nThe combined ratio is the sum of the loss, expense and dividend ratios.\nStandard Lines The following table summarizes the results of operations for Standard Lines for the years ended December 31, 2007, 2006 and 2005."}
{"_id": "d8d2dca58", "title": "", "text": "| As of December 31 (dollars in millions) 2015 2014 2013 2012 2011 | Originated non-performing loans: | Commercial: | Commercial and industrial | Commercial real estate | Equipment financing | Total | Retail: | Residential mortgage | Home equity | Other consumer | Total | Total originated non-performing loans -1 | REO: | Residential | Commercial | Total REO | Repossessed assets | Total non-performing assets | Originated non-performing loans as a percentage of originated loans | Non-performing assets as a percentage of: | Originated loans, REO and repossessed assets | Tangible stockholders’ equity and originated allowance for loan losses |"}
{"_id": "d8d3ef74c", "title": "", "text": "Depreciation expense was $215.8 million, $182.6 million and $155.0 million for the years ended December 31, 2008, 2007 and 2006, respectively"}
{"_id": "d8bfb3472", "title": "", "text": "| For the years ended December 31, 2007 2006 2005 | Operating revenues | Operating income | Net income | As of December 31: | Current assets | Noncurrent assets | Current liabilities | Noncurrent liabilities |"}
{"_id": "d8b50519c", "title": "", "text": "| Fair Value | (in millions) | Bonds available for sale | Common stocks available for sale | Preferred stocks available for sale | Financial Services securities available for sale | Securities lending invested collateral | Total |"}
{"_id": "d8c8d05fa", "title": "", "text": "| Years Ended December 31, 2015 2014 | Net income | Interest expense | Income taxes | Depreciation of fixed assets | Amortization of intangible assets | Total EBITDA | Total Debt | Total debt-to-EBITDA ratio |"}
{"_id": "d8ed02fea", "title": "", "text": "| -1 December 31, 2007 December 31, 2006 | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total Public Fixed Maturities |"}
{"_id": "d8a5acf6a", "title": "", "text": "The closing price of our common stock on the NYSE on February 17, 2017 was $37.15.\nAs of February 17, 2017, there were 1,580 holders of record of our common stock, including CHESS Depository Nominees Pty Limited, which held shares of our common stock on behalf of our CDI holders.\nOur board of directors has adopted a dividend policy under which we have paid, and in the future intend to pay, quarterly cash dividends on our common stock.\nThe amount and timing of future dividends will continue to be subject to the approval of our board of directors, in its sole discretion, and to applicable legal requirements.\nIn 2015 and 2016, our board of directors declared the following dividends:"}
{"_id": "d8d19ca9e", "title": "", "text": "| Year Ended December 31, | 2010 | Steam Sold (MMlb) | General | Apartment house | Annual power | Total Steam Delivered to CECONY Customers | Steam Sold ($ in millions) | General | Apartment house | Annual power | Other operating revenues | Total Steam Delivered to CECONY Customers | Average Revenue per MMlb Sold | Year Ended December | $ in millions | Compensation and benefits | U.K. bank payrolltax | Brokerage, clearing, exchange anddistribution fees | Market development | Communications and technology | Depreciation and amortization | Occupancy | Professional fees | Insurance reserves1 | Other expenses | Total non-compensation expenses | Total operating expenses | Total staff atperiod-end2 |"}
{"_id": "d8b6354a4", "title": "", "text": "| December 31 | Nonperforming Loans and Leases | (Dollars in millions) | Consumer real estate | Core portfolio | Residential mortgage-1 | Home equity | Legacy Assets & Servicing portfolio | Residential mortgage-1 | Home equity | Credit card and other consumer | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer | Commercial | U.S. commercial | Commercial real estate | Commercial lease financing | Non-U.S. commercial | U.S. small business commercial | Total commercial | Total loans and leases |"}
{"_id": "d8c73c586", "title": "", "text": "Earnings (Loss) Per Share Diluted loss per share in fiscal 2015 was $0.60, including a loss of $1.46 per diluted share from continuing operations and earnings of $0.86 per diluted share from discontinued operations.\nDiluted earnings per share in fiscal 2014 were $0.70, including $0.37 per diluted share from continuing operations and $0.33 per diluted share from discontinued operations.\nSee “Items Impacting Comparability” above as several significant items affected the comparability of year-over-year results of operations."}
{"_id": "d877f37c2", "title": "", "text": "| Pension Benefits-1 Other Retiree Benefits-2 | Years ended June 30 | CHANGE IN BENEFIT OBLIGATION | Benefit obligation at beginning of year-3 | Service cost | Interest cost | Participants' contributions | Amendments | Net actuarial loss/(gain) | Acquisitions/(divestitures)(4) | Curtailments | Special termination benefits | Currency translation and other | Benefit payments | BENEFIT OBLIGATION AT END OF YEAR-3 |"}
{"_id": "d8be2adf8", "title": "", "text": "| (Dollars in millions) 2016 2015 2014 | Net income | Other comprehensive income (loss), net-of-tax: | Net change in debt and marketable equity securities | Net change in debit valuation adjustments | Net change in derivatives | Employee benefit plan adjustments | Net change in foreign currency translation adjustments | Other comprehensive income (loss) | Comprehensive income |"}
{"_id": "d86773c4e", "title": "", "text": "| United States Equatorial Guinea Israel Other Int'l-2 Total | (millions) | Year Ended December 31, 2010 | Property Acquisition Costs | Proved-3 | Unproved-4 | Total Acquisition Costs | Exploration Costs-5 | Development Costs-6 | Total Consolidated Operations | Year Ended December 31, 2009 | Property Acquisition Costs | Proved-3 | Unproved-4 | Total Acquisition Costs | Exploration Costs-5 | Development Costs-6 | Total Consolidated Operations | Year Ended December 31, 2008 | Property Acquisition Costs | Proved-3 | Unproved-4 | Total Acquisition Costs | Exploration Costs-5 | Development Costs-6 | Total Consolidated Operations |"}
{"_id": "d8de10f5a", "title": "", "text": "| Rental   Income Sublease   Income Gross   Rental   Payments | (In millions) | 2009 | 2010 | 2011 | 2012 | 2013 | Thereafter |"}
{"_id": "d82604286", "title": "", "text": "The products having the largest impact on our comparable store sales decline in fiscal 2011 were entertainment hardware and software (which includes video gaming hardware and software, CDs and DVDs) and televisions.\nComparable store sales gains in mobile phones, mobile computing (consisting of notebook computers, netbooks and tablets) partially offset these declines.\nRevenue from our Domestic segments online operations increased 13% in fiscal 2011 and is incorporated in the table above.\nThe 6.3% comparable store sales decline in the consumer electronics revenue category was driven primarily by a decrease in the sales of televisions and cameras and camcorders, partially offset by strong sales from our expanded assortment of e-Readers.\nThe 3.6% comparable store sales gain in the home office revenue category was primarily the result of increased sales of mobile phones due to the continued growth of Best Buy Mobile, as well as gains in the sales of mobile computing.\nThe 13.3% comparable store sales decline in the entertainment revenue category was mainly the result of declining sales in video gaming hardware and software, partially caused by industry-wide softness combined with a decline in our market share, as well as the continued decline in the sales of DVDs and CDs as consumers shift to digital content.\nThe 7.0% comparable store sales gain in the appliances revenue category was due to an increase in unit sales with relatively flat average selling prices, with particular strength in kitchen and small appliances.\nThe 0.5% comparable store sales gain in the services revenue category was due primarily to a gain in the sales of computer services, partially offset by a decline in the sales of repair and home theater installation services, due in part to the decrease in television sales noted above.\nDespite a modest decline in revenue, our Domestic segment experienced gross profit growth in fiscal 2011 of $324 million, or 3.6%, compared to fiscal 2010, due to rate improvements.\nThe 0.9% of revenue increase in the gross profit rate was due to favorable rate and mix impacts of 0.7% of revenue and 0.2% of revenue, respectively, and resulted primarily from the following factors collectively: ?\nincreased sales of higher-margin mobile phones as a result of the growth in Best Buy Mobile;"}
{"_id": "d8d86daf8", "title": "", "text": "The accumulation of four quarters in fiscal years 2011 and 2010 for earnings per share may not equal the related per share amounts forthe years ended April 30, 2011 and 2010 due to the timing of the exercise of stock options and\nIn September 2015, our Board of Directors approved a $3.5 billion share repurchase program, effective through June 2019.\nAs a part of the repurchase program, in the current year, we purchased $184.8 million of our common stock at an average price of $23.51 per share.\nSee Item 8, note 8 to the consolidated financial statements for additional information.\nIn June 2019, our Board of Directors extended its previous share repurchase authorization for three years.\nApproximately $1.0 billion remains under this authorization, which now expires in June 2022.\nThese repurchases may be effectuated through open market transactions, some of which may be effectuated under SEC Rule 10b5-1.\nThe Company may cancel, suspend, or extend the time period for the purchase of shares at any time.\nAny repurchases will be funded primarily through available cash and cash from operations.\nAlthough we may continue to repurchase shares, there is no assurance that we will purchase up to the full Board authorization.\nCapital Investment.\nCapital expenditures totaled $95.5 million and $98.6 million in fiscal years 2019 and 2018, respectively.\nIn addition, we expended net cash totaling $43.6 million and $42.5 million in fiscal years 2019 and 2018, respectively, to acquire franchisee and competitor businesses.\nOur capital expenditures relate primarily to improvements to retail offices, as well as investments in computers, software and related assets.\nAs discussed in Item 1, Recent Developments, on June 10, 2019 we entered into a definitive agreement to acquire Wave, a rapidly growing financial solutions platform focused on changing the way small business owners manage their finances.\nUnder the terms of the agreement, H&R Block will acquire all outstanding shares of Wave for $405 million, subject to customary adjustments for working capital, debt and transaction expenses.\nThe acquisition will be funded with available cash.\nFINANCING RESOURCES  We had no balance outstanding on our 2018 CLOC as of April 30, 2019.\nAs of April 30, 2019, amounts available to borrow under the 2018 CLOC were limited by the debt-to-EBITDA covenant to approximately $1.2 billion; however, our cash needs at April 30 generally do not require us to borrow on our CLOC at that time.\nSee Item 8, note 7 to the consolidated financial statements for discussion of the Senior Notes and our 2018 CLOC.\nThe following table provides ratings for debt issued by Block Financial as of April 30, 2019 and 2018:"}
{"_id": "d81622214", "title": "", "text": "The Companys recorded liabilities were $6 million at both December 31, 2008 and 2007 for indemnities, guarantees and commitments.\nIn connection with synthetically created investment transactions, the Company writes credit default swap obligations that generally require payment of principal outstanding due in exchange for the referenced credit obligation.\nIf a credit event, as defined by the contract, occurs the Companys maximum amount at risk, assuming the value of all referenced credit obligations is zero, was $1.9 billion at December 31, 2008.\nHowever, the Company believes that any actual future losses will be significantly lower than this amount.\nAdditionally, the Company can terminate these contracts at any time through cash settlement with the counterparty at an amount equal to the then current estimated fair value of the credit default swaps.\nAs of December 31, 2008, the Company would have paid $37 million to terminate all of these contracts."}
{"_id": "d8d6c5dd6", "title": "", "text": "| 2009 2010 2011 2012 2013 2014 | State Street Corporation | S&P 500 Index | S&P Financial Index | KBW Bank Index |"}
{"_id": "d85ed28ba", "title": "", "text": "| At December 31, 2014 Retail Group,Voluntary& WorksiteBenefits CorporateBenefitFunding LatinAmerica Asia -1 EMEA Corporate& Other Total | (In millions) | Total assets | Separate account assets | Separate account liabilities |"}
{"_id": "d87adb048", "title": "", "text": "| Outstanding at Unvested Restricted Stock and Units Weighted Average Grant Date Fair Value | December 31, 2005 | Granted | Converted | Forfeited | December 31, 2006 | Granted | Converted | Forfeited | December 31, 2007 | Granted | Converted | Forfeited | December 31, 2008-1 |"}
{"_id": "d8666b9f0", "title": "", "text": "| For the Years Ended December 31, | (In millions) | Transmission and distribution | Treatment and pumping | Services, meter and fire hydrants | General structure and equipment | Sources of supply | Wastewater | Total capital expenditures |"}
{"_id": "d8c9cf848", "title": "", "text": "| Period Sharespurchased Average priceper share Shares purchased aspart of publiclyannounced plans orprograms Approximatevalue of sharesthat may yet bepurchased underpubliclyannounced plansor programs* | 09/30/18 to 10/27/18 | 10/28/18 to 11/24/18 | 11/25/18 to 12/29/18 | Total/Average |"}
{"_id": "d8c6315ce", "title": "", "text": "| December 31, 2007 2006 | Deferred bond financing costs, net | Value of in-place and above-market leases, net | Prepaid expenses | Corporate assets, net of accumulated depreciation and amortization | Settlements on treasury lock agreements | Unamortized credit line fees, net | Other items | $35,648 |"}
{"_id": "d8f6ea3c8", "title": "", "text": "| Non-vested Shares Number of Shares Weighted-Average Grant-Date Fair Value | Non-vested at September 27, 2008 | Granted. | Vested | Forfeited | Non-vested at September 26, 2009 |"}
{"_id": "d8724dfac", "title": "", "text": "| 2014 2013 2012 | Net sales | Operating profit | Operating margins | Backlog at year-end |"}
{"_id": "d8dfa1806", "title": "", "text": "| Years ended December 31, | 2009 | Balance at beginning of period | Charged (reversed) to costs and expenses | Charged (reversed) to gross tax assets and other accounts | Balance at end of period |"}
{"_id": "d86287226", "title": "", "text": "| 2014 Change 2013 Change 2012 | Interest and dividend income | Interest expense | Other expense, net | Total other income/(expense), net |"}
{"_id": "d875160c2", "title": "", "text": "Equity During 2016 we received $111 million in proceeds from stock issuances related to our stock option and employee stock purchase plans, as compared to $114 million in 2015 and $60 million 2014.\nProceeds from the exercise of employee stock options and employee stock purchases vary from period to period based upon, among other factors, fluctuations in the trading price of our common stock and in the exercise and stock purchase patterns of employees.\ngroup purchasing organizations to sell our products to participating hospitals at negotiated prices.\nWe recognize revenue from these agreements following the same revenue recognition criteria discussed above.\nWarranty Obligations We offer warranties on certain of our product offerings.\nThe majority of our warranty liability relates to implantable devices offered by our CRM business, which include defibrillator and pacemaker systems.\nOur CRM products come with a standard limited warranty covering the replacement of these devices.\nWe offer a full warranty for a portion of the period post-implant, and a partial warranty for a period of time thereafter.\nWe estimate the costs that we may incur under our warranty programs based on the number of units sold, historical and anticipated rates of warranty claims and cost per claim, and record a liability equal to these estimated costs as cost of products sold at the time the product sale occurs.\nWe assess the adequacy of our recorded warranty liabilities on a quarterly basis and adjust these amounts as necessary.\nChanges in our product warranty accrual during 2016, 2015, and 2014 consisted of the following (in millions):"}
{"_id": "d8d638008", "title": "", "text": "| Number of Shares (In thousands) Weighted  Average  Exercise  Price Average  Remaining  Contractual  Term  (Years) Aggregate  Intrinsic  Value  (In billions) | Outstanding at September 25, 2005 | Options granted | Options assumed-1 | Options cancelled/forfeited/expired | Options exercised | Outstanding at September 24, 2006 | Exercisable at September 24, 2006 |"}
{"_id": "d893d3622", "title": "", "text": "| 2018 2017 2016 | Expected volatility | Risk-free interest rate | Expected life (years) | Grant date fair value per share |"}
{"_id": "d8e1d0d7a", "title": "", "text": "International Marketing Activities Our share of crude oil and condensate from the Aseng and Alen fields is sold at marketbased prices to Glencore Energy UK Ltd (Glencore Energy) under a long-term sales contract through 2018.\nOur share of crude oil and condensate from the Alba field is sold to Glencore Energy under a short-term sales contract, subject to renewal.\nThese products are transported by tanker.\nNatural gas from the Alba field is sold for $0.25 per MMBtu to a methanol plant, an LPG plant and an unaffiliated LNG plant.\nThe sales contract with the methanol plant runs through 2026, and the sales contract with the LNG plant runs through 2023.\nThe methanol and LPG plants are owned by affiliated entities accounted for under the equity method of accounting.\nIn Israel, we sell natural gas from the Tamar and Mari-B fields, and have agreements with multiple customers to sell natural gas under long-term contracts, ranging from 15 to 17 years.\nSee Delivery Commitments, below."}
{"_id": "d86d5f180", "title": "", "text": "| 2019 2020 2021 2022 2023 | (millions) | Generating facilities | Transmission and distribution facilities | General facilities | Total utility capital expenditures |"}
{"_id": "d8ac0cb58", "title": "", "text": "REPUBLIC SERVICES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) high quality financial institutions.\nSuch balances may be in excess of FDIC insured limits.\nTo manage the related credit exposure, we continually monitor the credit worthiness of the financial institutions where we have deposits.\nConcentrations of credit risk with respect to trade accounts receivable are limited due to the wide variety of customers and markets in which we provide services, as well as the dispersion of our operations across many geographic areas.\nWe provide services to small-container, large-container, municipal and residential, and energy services customers in the United States and Puerto Rico.\nWe perform ongoing credit evaluations of our customers, but generally do not require collateral to support customer receivables.\nWe establish an allowance for doubtful accounts based on various factors including the credit risk of specific customers, age of receivables outstanding, historical trends, economic conditions and other information.\nAccounts Receivable, Net Accounts receivable represent receivables from customers for collection, transfer, recycling, disposal, energy services and other services.\nOur receivables are recorded when billed or when the related revenue is earned, if earlier, and represent claims against third parties that will be settled in cash.\nThe carrying value of our receivables, net of the allowance for doubtful accounts and customer credits, represents their estimated net realizable value.\nProvisions for doubtful accounts are evaluated on a monthly basis and are recorded based on our historical collection experience, the age of the receivables, specific customer information and economic conditions.\nWe also review outstanding balances on an account-specific basis.\nIn general, reserves are provided for accounts receivable in excess of 90 days outstanding.\nPast due receivable balances are written-off when our collection efforts have been unsuccessful in collecting amounts due.\nThe following table reflects the activity in our allowance for doubtful accounts for the years ended December 31:"}
{"_id": "d8ea04636", "title": "", "text": "2016 Compared to 2015 The $108 million increase in base management fees was driven by $103 million from the Starwood Combination and the following Legacy-Marriott drivers: the impact of stronger sales at existing properties ($22 million) and unit growth across our system ($15 million), partially offset by the impact of unfavorable foreign exchange rates ($15 million), lower deferred fee recognition ($11 million), and lower fees from properties that converted from managed to franchised ($8 million).\nThe $185 million increase in franchise fees was driven by $98 million from the Starwood Combination and the following Legacy-Marriott drivers: the impact of unit growth across our system ($48 million), higher branding fees ($39 million), stronger sales at existing properties ($16 million), and higher fees from properties that converted from managed to franchised ($11 million), partially offset by lower relicensing fees ($22 million) and the impact of unfavorable foreign exchange rates ($7 million).\nThe $106 million increase in incentive management fees was driven by $72 million from the Starwood Combination and the following Legacy-Marriott drivers: higher net house profit and unit growth, higher incentive fees earned from a few limited-service portfolios ($10 million), and higher deferred fee recognition ($8 million), partially offset by the impact of unfavorable foreign exchange rates ($7 million).\nIn 2016, 69 percent of our Legacy-Marriott managed properties paid incentive management fees to us versus 68 percent in 2015.\nIn North America, 65 percent of Legacy-Marriott managed properties paid incentive management fees in 2016 compared to 63 percent in 2015.\nOutside North America, 74 percent of Legacy-Marriott managed properties paid incentive management fees in both 2016 and 2015, representing 48 percent of our total incentive management fees in 2016 from Legacy-Marriott managed properties compared to 51 percent of our total incentive management fees in 2015."}
{"_id": "d8f04829a", "title": "", "text": "| Payments due by year | (Millions) | Long-term debt, including current portion (Note 10) | Interest on long-term debt | Operating leases (Note 14) | Capital leases (Note 14) | Unconditional purchase obligations and other | Total contractual cash obligations | Adverse impact on after-tax earnings | (Millions) | Foreign exchange rates | Interest rates | Commodity prices | Fair Value Measurements Using Inputs Considered as | (Millions) | Asset Class | Equities | U.S. equities | Non-U.S. equities | Index and long/short equity funds* | Total Equities | Fixed Income | U.S. government securities | Non-U.S. government securities | U.S. corporate bonds | Non-U.S. corporate bonds | Derivative instruments | Other* | Total Fixed Income | Private Equity | Derivative instruments | Growth equity | Partnership investments* | Total Private Equity | Absolute Return | Fixed income and other | Hedge fund/fund of funds* | Partnership investments* | Total Absolute Return | Cash and Cash Equivalents | Cash and cash equivalents | Cash and cash equivalents, valued at net asset value* | Total Cash and Cash Equivalents | Total | Other items to reconcile to fair value of plan assets | Fair value of plan assets |"}
{"_id": "d885a0938", "title": "", "text": "| Year Ended December 31, | 2014 | Electric Energy Delivered(millions of kWh) | CECONY full service customers | Delivery service for retail choice customers | Delivery service to NYPA customers and others | Total Deliveries in Franchise Area | Electric Energy Delivered($ in millions) | CECONY full service customers | Delivery service for retail choice customers | Delivery service to NYPA customers and others | Other operating revenues | Total Deliveries in Franchise Area | Average Revenue per kWh Sold(Cents) | Residential | Commercial and industrial |"}
{"_id": "d87180e58", "title": "", "text": "| Total revenues—as reported $7,473 $7,346 $6,889 2% 7% | Impact of FX translation-2 | Total revenues—ex-FX-3 | Total operating expenses—as reported | Impact of FX translation-2 | Total operating expenses—ex-FX-3 | Provisions for credit losses—as reported | Impact of FX translation-2 | Provisions for credit losses—ex-FX-3 | Net income—as reported | Impact of FX translation-2 | Net income—ex-FX-3 |"}
{"_id": "d88fbd66e", "title": "", "text": "| Table 49 Net Credit Default Protection by Credit Exposure Debt Rating December 31 | 2011 | (Dollars in millions) | Ratings-1, 2 | AAA | AA | A | BBB | BB | B | CCC and below | NR-3 | Total net credit default protection |"}
{"_id": "d8c8c188e", "title": "", "text": "| Table 26 Home Equity – Key Credit Statistics December 31 | Reported Basis | (Dollars in millions) | Outstandings | Accruing past due 30 days or more-1 | Nonperforming loans-1 | Percent of portfolio | Refreshed combined LTV greater than 90 but less than 100 | Refreshed combined LTV greater than 100 | Refreshed FICO below 620 | 2006 and 2007 vintages-2 | Net charge-off ratio-3 |"}
{"_id": "d8d630006", "title": "", "text": "| Year Ended December 31 2015 over 2014 2014 over 2013 | ($ in millions) | Net earnings (loss) | Depreciation and amortization | Stock-based compensation | Excess tax benefit related to stock-based compensation | Deferred income taxes | Retiree benefit funding less than (in excess of) expense | Insurance proceeds for investing purposes | Impairment of goodwill and intangible assets | Loss on early extinguishment of debt | Trade working capital decrease (increase) | Net cash provided by (used in) operating activities |"}
{"_id": "d882b61c8", "title": "", "text": "| 2003 2002 | (in thousands) | Land | Buildings | Equipment and computer software | Assets held for sale | 1,022,825 | Accumulated depreciation | Property and equipment, net |"}
{"_id": "d8c14be42", "title": "", "text": "| 2016 2015 Change | First quarter | Second quarter | Third quarter | Fourth quarter | Total year |"}
{"_id": "d8aee38ea", "title": "", "text": "| Net Sales | (Amounts in millions) | Product Category: | Tools | Diagnostics and repair information | Equipment | $2,841.2 |"}
{"_id": "d8e533cba", "title": "", "text": "| Cash and cash equivalents $5,427.4 | Inventories | Other current assets | Property, plant and equipment | Other identifiable intangible assets:-1 | Products and product rights(10-yearweighted average useful life) | In-process research and development (“IPR&D”)(2) | Tradenames(26-yearweighted average useful life) | Other | Other noncurrent assets | Current liabilities | Deferred income tax liabilities | Long-term debt | Other noncurrent liabilities | Total identifiable net assets | Goodwill-3 | Estimated consideration transferred |"}
{"_id": "d83374362", "title": "", "text": "| Pension Benefits December 31 Other Benefits December 31 | ($ in millions) | Change in Benefit Obligation | Benefit obligation at beginning of year | Service cost | Interest cost | Plan participants' contributions | Actuarial loss (gain) | Benefits paid | Curtailments | Benefit obligation at end of year | Change in Plan Assets | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contributions | Plan participants' contributions | Benefits paid | Fair value of plan assets at end of year | Funded status | Amounts Recognized in the Consolidated Statements of Financial Position: | Pension plan assets | Current liability-1 | Non-current liability-2 | Accumulated other comprehensive loss (income) (pre-tax) related to: | Prior service costs (credits) | Net actuarial loss (gain) |"}
{"_id": "d8ab69142", "title": "", "text": "| As of June 30, | 2019 | (in millions) | FOX News Media Networks | FOX News(a) | FOX Business(a) | FOX Sports Networks | FS1(a) | FS2 | Big Ten Network(a) | FOX Deportes |"}
{"_id": "d8c210e72", "title": "", "text": "| 2013 2012 2011 | Cash dividends paid per common share | Cash dividends paid as a percent of prior-year retained earnings |"}
{"_id": "d8875ff8a", "title": "", "text": "discounted cash flow model (DCF) to estimate the current fair value of its reporting units when testing for impairment, as management believes forecasted cash flows are the best indicator of such fair value.\nA number of significant assumptions and estimates are involved in the application of the DCF model to forecast operating cash flows, including sales growth (volumes and pricing), production costs, capital spending, and discount rate.\nMost of these assumptions vary significantly among the reporting units.\nCash flow forecasts are generally based on approved business unit operating plans for the early years and historical relationships in later years.\nThe WACC rate for the individual reporting units is estimated with the assistance of valuation experts.\nArconic would recognize an impairment charge for the amount by which the carrying amount exceeds the reporting units fair value without exceeding the total amount of goodwill allocated to that reporting unit.\nIn connection with the interim impairment evaluation of long-lived assets for the disks operations (an asset group within the AEN business unit) in the second quarter of 2018, which resulted from a decline in forecasted financial performance for the business in connection with its updated three-year strategic plan, the Company also performed an interim impairment evaluation of goodwill for the AEN reporting unit.\nThe estimated fair value of the reporting unit was substantially in excess of the carrying value; thus, there was no impairment of goodwill.\nGoodwill impairment tests in 2017 and 2016 indicated that goodwill was not impaired for any of the Companys reporting units, except for the Arconic Forgings and Extrusions (AFE) business whose estimated fair value was lower than its carrying value.\nAs such, Arconic recorded an impairment for the full amount of goodwill in the AFE reporting unit of $719.\nThe decrease in the AFE fair value was primarily due to unfavorable performance that was impacting operating margins and a higher discount rate due to an increase in the risk-free rate of return, while the carrying value increased compared to prior year."}
{"_id": "d8a2a8350", "title": "", "text": "| December 31 – in millions 2011 (a) 2010 (a) 2009 (a) 2008 (a) 2007 | Commercial lending | Commercial | Commercial real estate | Equipment lease financing | TOTAL COMMERCIAL LENDING | Consumer lending | Home equity | Residential real estate | Credit card | Other consumer | TOTAL CONSUMER LENDING | Total loans |"}
{"_id": "d8ba5abce", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements Note 25.  Business Segments The firm reports its activities in the following four business segments: Investment Banking, Institutional Client Services, Investing & Lending and Investment Management.\nBasis of Presentation In reporting segments, certain of the firms business lines have been aggregated where they have similar economic characteristics and are similar in each of the following areas: (i) the nature of the services they provide, (ii) their methods of distribution, (iii) the types of clients they serve and (iv) the regulatory environments in which they operate.\nThe cost drivers of the firm taken as a whole  compensation, headcount and levels of business activity  are broadly similar in each of the firms business segments.\nCompensation and benefits expenses in the firms segments reflect, among other factors, the overall performance of the firm as well as the performance of individual businesses.\nConsequently, pre-tax margins in one segment of the firms business may be significantly affected by the performance of the firms other business segments.\nThe firm allocates assets (including allocations of global core liquid assets and cash, secured client financing and other assets), revenues and expenses among the four business segments.\nDue to the integrated nature of these segments, estimates and judgments are made in allocating certain assets, revenues and expenses.\nThe allocation process is based on the manner in which management currently views the performance of the segments.\nTransactions between segments are based on specific criteria or approximate third-party rates.\nTotal operating expenses include charitable contributions that have not been allocated to individual business segments.\nManagement believes that the information in the table below provides a reasonable representation of each segments contribution to consolidated pre-tax earnings and total assets."}
{"_id": "d89e774d4", "title": "", "text": "| Year ended December 31 (in millions) 2008 2007 2006 | Gains on sales and exchanges of investments, net | Investment impairment losses | Unrealized gains (losses) on trading securities and hedged items | Mark to market adjustments on derivatives related to trading securities and hedged items | Mark to market adjustments on derivatives | Interest and dividend income | Other | Investment income (loss), net |"}
{"_id": "d8b477cca", "title": "", "text": "| Year Ended April 30, 2011 2010 (in 000s) 2009 | Balance as of May 1: | Amount related to repurchase and indemnifications | Amount related to indemnity agreement dated April 2008 | 188,200 | Changes: | Provisions | Losses on repurchase and indemnifications | Payments under indemnity agreement dated April 2008 | Balance as of April 30: | Amount related to repurchase and indemnifications | Amount related to indemnity agreement dated April 2008 | $126,260 |"}
{"_id": "d8130c6f6", "title": "", "text": "| 2017 2016 | (Dollars in thousands) | Deferred tax assets: | Tax loss and credit carryforwards | Pension | Reserves and accruals | Other | Less: valuation allowances | Total deferred tax assets | Deferred tax liabilities: | Property, plant and equipment | Intangibles — stock acquisitions | Unremitted foreign earnings | Other | Total deferred tax liabilities | Net deferred tax liability |"}
{"_id": "d8ac57680", "title": "", "text": "| 2017 2016 | (Dollars in millions) | Net debt includes: | Current borrowings | Long-term borrowings | Unamortized debt discount | Unamortized debt issuance costs | Total debt | Less: Cash and cash equivalents | Net debt | Total capital includes: | Net debt | Shareholders’ equity | Total capital | Percent of net debt to total capital |"}
{"_id": "d8f88988c", "title": "", "text": "DERIVATIVES AND HEDGING ACTIVITIES We periodically enter into interest rate swap agreements and forward contracts to manage exposure to interest rate fluctuations and to mitigate foreign exchange volatility.\nIn May of 2005, we terminated all of our long-term interest rate swap agreements covering the $350.0 6.25% Senior Unsecured Notes and $150.0 of the $500.0 7.25% Senior Unsecured Notes.\nIn connection with the interest rate swap termination, our net cash receipts were $1.1, which is recorded as an offset to interest expense over the remaining life of the related debt.\nWe have entered into foreign currency transactions in which various foreign currencies are bought or sold forward.\nThese contracts were entered into to meet currency requirements arising from specific transactions.\nThe changes in value of these forward contracts have been recorded in other income or expense.\nAs of December 31, 2006 and 2005, we had contracts covering $0.2 and $6.2, respectively, of notional amount of currency and the fair value of the forward contracts was negligible.\nThe terms of the 4.50% Notes include two embedded derivative instruments and the terms of our 4.25% Notes and our Series B Preferred Stock each include one embedded derivative instrument.\nThe fair value of these derivatives on December 31, 2006 was negligible."}
{"_id": "d8dd6abb4", "title": "", "text": "| Year Ended December 31, 2013 to 2014 % Change 2012 to 2013 % Change | 2014 | (in thousands) | General and administrative | General and administrative as a percentage of revenue |"}
{"_id": "d8f8aa9a6", "title": "", "text": "results in the dollar duration of equity.\nDuration of equity is computed by dividing the dollar duration of equity by the fair value of equity.\nIncome simulation is an estimate of the net interest income that would be recognized under different rate environments.\nNet interest income is measured under several parallel and nonparallel interest rate environments and deposit repricing assumptions, taking into account an estimate of the possible exercise of options within the portfolio.\nBoth of these measurement methods require that we assess a number of variables and make various assumptions in managing the Company’s exposure to changes in interest rates.\nThe assessments address loan and security prepayments, early deposit withdrawals, and other embedded options and noncontrollable events.\nAs a result of uncertainty about the maturity and repricing characteristics of both deposits and loans, the Company estimates ranges of duration and income simulation under a variety of assumptions and scenarios.\nThe Company’s interest rate risk position changes as the interest rate environment changes and is managed actively to try to maintain a consistent slightly asset-sensitive position.\nHowever, positions at the end of any period may not be reflective of the Company’s position in any subsequent period.\nWe should note that estimated duration of equity and the income simulation results are highly sensitive to the assumptions used for deposits that do not have specific maturities, such as checking, savings, and money market accounts and also to prepayment assumptions used for loans with prepayment options.\nGiven the uncertainty of these estimates, we view both the duration of equity and the income simulation results as falling within a range of possibilities.\nFor income simulation, Company policy requires that interest sensitive income from a static balance sheet is expected to decline by no more than 10% during one year if rates were to immediately rise or fall in parallel by 200 basis points.\nAs of the dates indicated, Schedule 41 shows the Company’s estimated range of duration of equity and percentage change in interest sensitive income in the first year after the rate change if interest rates were to sustain an immediate parallel change of 200 basis points; the “low” and “high” results differ based on the assumed speed of repricing of administered-rate deposits (money market, interest-on-checking, and savings):"}
{"_id": "d898ab122", "title": "", "text": "ITEM 6.\nSelected Financial Data The following tables set forth selected consolidated financial information from our audited Consolidated Financial Statements as of and for the fiscal years ended June 30, 2013, 2012, 2011, 2010 and 2009.\nThe selected financial data presented below should be read in conjunction with our Financial Statements and the accompanying Notes included in this Annual Report on Form 10-K and Managements Discussion and Analysis of Financial Condition and Results of Operations.\n"}
{"_id": "d8dcdc6d4", "title": "", "text": "| December 31 | (Dollars in millions) | Consumer | Residential mortgage-1 | Home equity | Discontinued real estate-2 | Credit card – domestic | Credit card – foreign | Direct/Indirect consumer-3 | Other consumer-4 | Total consumer | Commercial | Commercial – domestic-5 | Commercial real estate-6 | Commercial lease financing | Commercial – foreign | Total commercial loans | Commercial loans measured at fair value-7 | Total commercial | Total loans and leases |"}
{"_id": "d86d96d38", "title": "", "text": "Entergy Corporation and Subsidiaries Management’s Financial Discussion and Analysis 10 The volume/weather variance is primarily due to an increase of 1,402 GWh, or 1%, in billed electricity usage, including an increase in industrial usage and the effect of more favorable weather.\nThe increase in industrial sales was primarily due to expansion in the chemicals industry and the addition of new customers, partially offset by decreased demand primarily due to extended maintenance outages for existing chemicals customers.\nThe Waterford 3 replacement steam generator provision is due to a regulatory charge of approximately $32 million recorded in 2015 related to the uncertainty associated with the resolution of the Waterford 3 replacement steam generator project.\nSee Note 2 to the financial statements for a discussion of the Waterford 3 replacement steam generator prudence review proceeding.\nThe MISO deferral variance is primarily due to the deferral in 2014 of non-fuel MISO-related charges, as approved by the LPSC and the MPSC.\nThe deferral of non-fuel MISO-related charges is partially offset in other operation and maintenance expenses.\nSee Note 2 to the financial statements for further discussion of the recovery of non-fuel MISO-related charges.\nThe Louisiana business combination customer credits variance is due to a regulatory liability of $107 million recorded by Entergy in October 2015 as a result of the Entergy Gulf States Louisiana and Entergy Louisiana business combination.\nConsistent with the terms of the stipulated settlement in the business combination proceeding, electric customers of Entergy Louisiana will realize customer credits associated with the business combination; accordingly, in October 2015, Entergy recorded a regulatory liability of $107 million ($66 million net-of-tax).\nSee Note 2 to the financial statements for further discussion of the business combination and customer credits."}
{"_id": "d8ea20f98", "title": "", "text": "3.\nDEBT On October 31, 2012, the Company entered into a Revolving Credit Agreement with SunTrust Bank and Bank of America, N. A.  for an unsecured line of credit of up to $175.0 million, which includes a $75.0 million letter of credit subfacility, and a $25.0 million swingline subfacility.\nThe Credit Agreement was amended on October 30, 2014 to extend the maturity date to October 31, 2018 and add three optional one year extensions.\nOn October 27, 2015 the Company exercised a one year extension option to extend the maturity date to October 31, 2019.\nAs of December 31, 2017, no borrowings were outstanding under the line of credit or under the swingline subfacility.\nThe Company maintains approximately $29.4 million in letters of credit.\nThese letters of credit are required by the Companys fronting insurance companies and/or certain states, due to the Companys self-insured status, to secure various workers compensation and casualty insurance contracts coverage.\nThe Company believes that it has adequate liquid assets, funding sources and insurance accruals to accommodate such claims.\nThe Revolving Credit Agreement is guaranteed by certain of Rollins domestic-subsidiaries.\nThe maturity date of the Credit Agreement is October 31, 2019, subject to up to two optional extensions of the Credit Agreement for one year each.\nRevolving loans under the Revolving Credit Agreement bear interest at one of the following two rates, at the Companys election: ?\nthe Base Rate, which shall mean the highest of (i) the per annum rate which the Administrative Agent publicly announces from time to time as its prime lending rate, (ii) the Federal Funds rate, plus 0.50% per annum, and (iii) the Adjusted LIBOR Rate (which equals LIBOR as increased to account for the maximum reserve percentages established by the U. S.  Federal Reserve) determined on a daily basis for an interest period of one (1)month, plus 1.0% per annum.  ?\nwith respect to any Eurodollar borrowings, the Adjusted LIBOR Rate plus an additional amount, which varies between 0.75% and 1.00%, based upon Rollins then-current debt-to-EBITDA ratio.\nAs of December 31, 2017, the additional rate allocated was .75%.\nThe Revolving Credit Agreement contains customary terms and conditions, including, without limitation, certain financial covenants including covenants restricting the Companys ability to incur certain indebtedness or liens, or to merge or consolidate with or sell substantially all of its assets to another entity.\nFurther, the Revolving Credit Agreement contains financial covenants restricting the Companys ability to permit the ratio of the Companys consolidated debt to EBITDA to exceed certain limits.\nThe Company was in compliance with applicable debt covenants at December 31, 2017 and expects to maintain compliance throughout 2018.4.\nTRADE RECEIVABLES The Allowance for Doubtful Accounts is principally calculated based on the application of estimated loss percentages to delinquency aging totals, based on contractual terms, for the various categories of receivables.\nBad debt write-offs occur according to Company policies that are specific to pest control, commercial and termite accounts."}
{"_id": "d811807ce", "title": "", "text": "| Years Ended December 31, | (in millions) | Net income | Amortization of intangibles(a) | Non-cash equity-based compensation | Non-cash equity-based compensation related to equity investment(b) | Net loss on extinguishments of long-term debt | Acquisition and integration expenses(c) | Gain on remeasurement of equity investment(d) | Other adjustments(e) | Aggregate adjustment for income taxes(f) | Non-GAAP net income(g) |"}
{"_id": "d861f42fa", "title": "", "text": "| Current assets $497 | Property, plant and equipment, net | Goodwill | Other long-term assets | Total assets | Current liabilities, including current maturities of long-term debt | Long-term liabilities | Long-term debt | Total liabilities | Total purchase price |"}
{"_id": "d893fd99a", "title": "", "text": "| Net fair value of acquired assets and liabilities $206,852 | Less advances to acquired entities eliminated upon consolidation | Less acquisition date carrying value of equity in acquired entities | Loss on business combination |"}
{"_id": "d894e01a0", "title": "", "text": "| In millions 2007 2008 2009 2010 2011 Thereafter | Lease obligations (a) | Purchase obligations (b,c) | Total |"}
{"_id": "d8aacba3c", "title": "", "text": "Commercial Real Estate The commercial real estate portfolio is predominantly managed in Global Commercial Banking and consists of loans made primarily to public and private developers, homebuilders and commercial real estate firms.\nOutstanding loans decreased $20.1 billion at December 31, 2010 compared to December 31, 2009 due to portfolio attrition, the sale of First Republic, transfer of certain assets to LHFS and net charge-offs.\nThe portfolio remains diversified across property types and geographic regions.\nCalifornia represents the largest state concentration at 18 percent of commercial real estate loans and leases at December 31, 2010.\nFor more information on geographic and property concentrations, refer to Table 38.  Credit quality for commercial real estate is showing signs of stabilization; however, we expect that elevated unemployment and ongoing pressure on vacancy and rental rates will continue to affect primarily the non-homebuilder portfolio.\nCompared to December 31, 2009, nonper forming commercial real estate loans and foreclosed properties decreased in the homebuilder, retail and land development property types, partially offset by an increase in office and multi-use property types.\nReservable criticized balances declined by $3.3 billion primarily due to stabilization in the homebuilder portfolio and retail and unsecured segments in the non-homebuilder portfolio, partially offset by continued deterioration in the multi-family rental and office property types within the non-homebuilder portfolio.\nNet charge-offs decreased $685 million in 2010 compared to 2009 due to declines in the homebuilder portfolio resulting from a slower rate of declining appraisal values."}
{"_id": "d898c44b0", "title": "", "text": "| 2007 2006 2005 2004 2003 | December 31Dollars in millions | Commercial | Commercial real estate | Consumer | Residential mortgage | Lease financing | Other | Total |"}
{"_id": "d896ed8bc", "title": "", "text": "Retirement Benefits Pension Benefit Plans The Company’s noncontributory pension plan (the ‘‘Regular Pension Plan’’) covers U. S.  employees who became eligible after one year of service.\nThe benefit formula is dependent upon employee earnings and years of service.\nEffective January 1, 2005, newly-hired employees were not eligible to participate in the Regular Pension Plan.\nThe Company also provides defined benefit plans which cover non-U.\nS.  employees in certain jurisdictions, principally the United Kingdom, Germany, Ireland, Japan and Korea (the ‘‘Non-U.\nS.  Plans’’).\nOther pension plans are not material to the Company either individually or in the aggregate.\nThe Company has a noncontributory supplemental retirement benefit plan (the ‘‘Officers’ Plan’’) for its officers elected prior to December 31, 1999.\nThe Officers’ Plan contains provisions for vesting and funding the participants’ expected retirement benefits when the participants meet the minimum age and years of service requirements.\nElected officers who were not yet vested in the Officers’ Plan as of December 31, 1999 had the option to remain in the Officers’ Plan or elect to have their benefit bought out in restricted stock units.\nEffective December 31, 1999, newly elected officers are not eligible to participate in the Officers’ Plan.\nEffective June 30, 2005, salaries were frozen for this plan.\nThe Company has an additional noncontributory supplemental retirement benefit plan, the Motorola Supplemental Pension Plan (‘‘MSPP’’), which provides supplemental benefits to individuals by replacing the Regular Pension Plan benefits that are lost by such individuals under the retirement formula due to application of the limitations imposed by the Internal Revenue Code.\nHowever, elected officers who are covered under the Officers’ Plan or who participated in the restricted stock buy-out are not eligible to participate in MSPP.\nEffective January 1, 2007, eligible compensation was capped at the IRS limit plus $175,000 (the ‘‘Cap’’) or, for those"}
{"_id": "d8add2b18", "title": "", "text": "| Residential Mortgage - Agency Commercial Mortgage | (Dollars in millions) | Cash proceeds from new securitizations-1 | Gains on securitizations-2 | Repurchases from securitization trusts-3 |"}
{"_id": "d881e206c", "title": "", "text": "| (In thousands) 2016 % ofRevenue 2015 % ofRevenue % Change | Revenues | System sales | Support and maintenance | Services | Reimbursed travel | Total revenues | Costs of revenue | Costs of revenue | Total margin | Operating expenses | Sales and client service | Software development | General and administrative | Amortization of acquisition-related intangibles | Total operating expenses | Total costs and expenses | Operating earnings | Other income, net | Income taxes | Net earnings |"}
{"_id": "d8c5e0480", "title": "", "text": "| At December 31, 2014 At December 31, 2013 | Fair Value | (dollars in millions) | Private equity funds | Real estate funds | Hedge funds-1: | Long-short equity hedge funds | Fixed income/credit-related hedge funds | Event-driven hedge funds | Multi-strategy hedge funds | Total |"}
{"_id": "d8dec83a8", "title": "", "text": "Table of Contents as of September 28, 2013.\nThe Companys share repurchase program does not obligate it to acquire any specific number of shares.\nUnder the program, shares may be repurchased in privately negotiated and/or open market transactions, including under plans complying with Rule 10b5-1 of the Securities Exchange Act of 1934, as amended (the Exchange Act).\nIn August 2012, the Company entered into an accelerated share repurchase arrangement (ASR) with a financial institution to purchase up to $1.95 billion of the Companys common stock in 2013.\nIn the first quarter of 2013, 2.6 million shares were initially delivered to the Company.\nIn April 2013, the purchase period for the ASR ended and an additional 1.5 million shares were delivered to the Company.\nIn total, 4.1 million shares were delivered under the ASR at an average repurchase price of $478.20 per share.\nThe shares were retired in the quarters they were delivered, and the up-front payment of $1.95 billion was accounted for as a reduction to shareholders equity in the Companys Consolidated Balance Sheet in the first quarter of 2013.\nIn April 2013, the Company entered into a new ASR program with two financial institutions to purchase up to $12 billion of the Companys common stock.\nIn exchange for up-front payments totaling $12 billion, the financial institutions committed to deliver shares during the ASRs purchase periods, which will end during 2014.\nThe total number of shares ultimately delivered, and therefore the average price paid per share, will be determined at the end of the applicable purchase period based on the volume weighted average price of the Companys stock during that period.\nDuring the third quarter of 2013, 23.5 million shares were initially delivered to the Company and retired.\nThis does not represent the final number of shares to be delivered under the ASR.\nThe up-front payments of $12 billion were accounted for as a reduction to shareholders equity in the Companys Consolidated Balance Sheet.\nThe Company reflected the ASRs as a repurchase of common stock for purposes of calculating earnings per share and as forward contracts indexed to its own common stock.\nThe forward contracts met all of the applicable criteria for equity classification, and, therefore, were not accounted for as derivative instruments.\nDuring 2013, the Company repurchased 19.4 million shares of its common stock in the open market at an average price of $464.11 per share for a total of $9.0 billion.\nThese shares were retired upon repurchase."}
{"_id": "d812326ea", "title": "", "text": "| December 31, | 2009 | (in millions) | 8.2% notes payable, due 2009 | 3.31% notes payable, due 2011 | 3.63% notes payable, due 2011 | 7.875% notes payable, due 2014 | 8.875% notes payable, due 2019 | 6.05% notes payable, due 2036 | 8% surplus notes payable, due 2044 | Non-recourse mortgages and notes payable | Other mortgages and notes payable | Total long-term debt | December 31, 2008 | Public | Carrying amount | (in millions) | Three months or less | Greater than three to six months | Greater than six to nine months | Greater than nine to twelve months | Greater than twelve to twenty-four months | Greater than twenty-four to thirty-six months | Greater than thirty-six months | Total fixed maturity securities, available-for-sale | December 31, 2009 | Public | Carrying amount | (in millions) | Three months or less | Greater than three to six months | Greater than six to nine months | Greater than nine to twelve months | Greater than twelve to twenty-four months | Greater than twenty-four to thirty-six months | Greater than thirty-six months | Total fixed maturity securities, available-for-sale | December 31, 2008 | Public | Carrying amount | (in millions) | Three months or less | Greater than three to six months | Greater than six to nine months | Greater than nine to twelve months | Greater than twelve to twenty-four months | Greater than twenty-four to thirty-six months | Greater than thirty-six months | Total fixed maturity securities, available-for-sale |"}
{"_id": "d812c0d78", "title": "", "text": "| (Dollars in millions) 2010 2009 | Net interest income-1 | As reported-2 | Impact of market-based net interest income-3 | Core net interest income | Impact of securitizations-4 | Core net interest income | Average earning assets | As reported | Impact of market-based earning assets-3 | Core average earning assets | Impact of securitizations-5 | Core average earning assets | Net interest yield contribution-1 | As reported-2 | Impact of market-based activities-3 | Core net interest yield on earning assets | Impact of securitizations | Core net interest yield on earning assets |"}
{"_id": "d8cebf056", "title": "", "text": "| 2017 2016 2015 | Net Income | Non-cash operating activities-1 | Pension and postretirement plan contributions (UPS-sponsored plans) | Hedge margin receivables and payables | Income tax receivables and payables | Changes in working capital and other non-current assets and liabilities | Other operating activities | Net cash from operating activities |"}
{"_id": "d82400886", "title": "", "text": "| Successor Predecessor | YearEndedDecember 31,2005 | (in $millions) | Accelerated amortization of deferredfinancing costs on early redemption and prepayment ofdebt | Premiumpaid on early redemption ofdebt | Otherinterestexpense | Totalinterestexpense |"}
{"_id": "d8bd4b9dc", "title": "", "text": "| 2018 2017 2016 | Ameren Missouri | Ameren Illinois Electric Distribution | Ameren Illinois Natural Gas | Ameren Illinois Transmission | ATXI | Other(a) | Ameren |"}
{"_id": "d86ba9980", "title": "", "text": "| 2015 2014 2013 | Balance January 1 | Additions related to current year positions | Additions related to prior year positions | Reductions for tax positions of prior years-1 | Settlements-1 | Lapse of statute of limitations | Balance December 31 |"}
{"_id": "d86de5a3c", "title": "", "text": "| Year Ended December 31, 2014 Year Ended December 31, 2013 | As Reported | Cost of products sold, excluding intangible asset amortization | Research and development | Selling, general and administrative | Special items | Operating expenses | Earnings before income taxes | Provision for income taxes | Net earnings | Net Earnings of Zimmer Holdings, Inc. | Earnings Per Common Share - Basic | Earnings Per Common Share - Diluted | Foreign currency cumulative translation adjustments | Total Other Comprehensive Income (Loss) | Comprehensive Income | Comprehensive Income Attributable to Zimmer Holdings, Inc. |"}
{"_id": "d80ef6dd2", "title": "", "text": "| Year Ended December 31, 2007 | Financial Services Businesses | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Investment income after investment expenses | Investment results of other entities and operations-2 | Total investment income | Year Ended December 31, 2006 | Financial Services Businesses | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Investment income after investment expenses | Investment results of other entities and operations-2 | Total investment income |"}
{"_id": "d8184fdfc", "title": "", "text": "| As of | (dollars in millions) | Balance Sheet Data: | Total assets | Loans and leases-18 | Allowance for loan and lease losses | Total securities | Goodwill | Total liabilities | Deposits | Federal funds purchased and securities sold under agreements to repurchase | Other short-term borrowed funds | Long-term borrowed funds | Total stockholders’ equity | Other Balance Sheet Data: | Asset Quality Ratios: | Allowance for loan and lease losses as a percentage of total loans and leases | Allowance for loan and lease losses as a percentage of nonperforming loans and leases | Nonperforming loans and leases as a percentage of total loans and leases | Capital ratios:-19 | CET1 capital ratio-20 | Tier 1 capital ratio-21 | Total capital ratio-22 | Tier 1 leverage ratio-23 |"}
{"_id": "d817bc0a2", "title": "", "text": "| Millions 2013 2012 2011 % Change 2013 v 2012 % Change 2012 v 2011 | Freight revenues | Other revenues | Total |"}
{"_id": "d882cc914", "title": "", "text": "| Current assets $28.1 | Property and equipment, net | Goodwill | IPR&D | Current liabilities assumed | Deferred income taxes | Contingent consideration | Total cash purchase price | Less: cash acquired | Total cash purchase price, net of cash acquired | Three Months Ended | Mar 31,  2009 | (In thousands) | Revenues | Commissions | U.S. high-grade -1 | Eurobond -2 | Other -3 | Total commissions | Technology products andservices -4 | Information and user accessfees -5 | Interest income -6 | Other -7 | Total revenues | Expenses | Employee compensation andbenefits | Depreciation and amortization | Technology and communications | Professional and consulting fees | Occupancy | Marketing and advertising | General and administrative | Total expenses | Income before income taxes | Provision for income taxes | Net income |"}
{"_id": "d8a2da26a", "title": "", "text": "Rent expense and certain office equipment expense under lease agreements amounted to $134 million, $136 million and $132 million in 2016, 2015 and 2014, respectively.\nInvestment Commitments.\nAt December 31, 2016, the Company had $192 million of various capital commitments to fund sponsored investment funds, including consolidated VIEs.\nThese funds include private equity funds, real assets funds, and opportunistic funds.\nThis amount excludes additional commitments made by consolidated funds of funds to underlying third-party funds as third-party noncontrolling interest holders have the legal obligation to fund the respective commitments of such funds of funds.\nIn addition to the capital commitments of $192 million, the Company had approximately $12 million of contingent commitments for certain funds which have investment periods that have expired.\nGenerally, the timing of the funding of these commitments is unknown and the commitments are callable on demand at any time prior to the expiration of the commitment.\nThese unfunded commitments are not recorded on the consolidated statements of financial condition.\nThese commitments do not include potential future commitments approved by the Company that are not yet legally binding.\nThe Company intends to make additional capital commitments from time to time to fund additional investment products for, and with, its clients.\nContingencies Contingent Payments Related to Business Acquisitions.\nIn connection with certain acquisitions, BlackRock is required to make contingent payments, subject to achieving specified performance targets, which may include revenue related to acquired contracts or new capital commitments for certain products.\nThe fair value of the remaining aggregate contingent payments at December 31, 2016 totaled $115 million and is included in other liabilities on the consolidated statement of financial condition.\nOther Contingent Payments.\nThe Company acts as the portfolio manager in a series of derivative transactions and has a maximum potential exposure of $17 million between the Company and counterparty.\nSee Note 7, Derivatives and Hedging, for further discussion.\nLegal Proceedings.\nFrom time to time, BlackRock receives subpoenas or other requests for information from various U. S.  federal, state governmental and domestic and international regulatory authorities in connection with"}
{"_id": "d81ee4140", "title": "", "text": "| Pension Benefits Retiree Medical and OtherPostretirement Benefits | 2015 | Defined benefit plans: | Service cost | Interest cost | Expected return on assets | Curtailments | Settlements | Amortization of: | Prior service cost (benefit) (1) | Unrecognized net loss (gain) | Net periodic benefit cost (income) for defined benefit plans | Defined contribution plans | $691 |"}
{"_id": "d81c091dc", "title": "", "text": "| (Dollars per gallon) 2009 2008 | Chicago Spot Unleaded regular gasoline | Chicago Spot Ultra-low sulfur diesel | U.S. Gulf Coast Spot Unleaded regular gasoline | U.S. Gulf Coast Spot Ultra-low sulfur diesel |"}
{"_id": "d8dbe58e8", "title": "", "text": "* 100% or greater.\n(1) Includes $49 million, $279 million and $200 million of IPR&D impairment charges in 2014, 2013 and 2012, respectively.\nMaterials and Production Materials and production costs were $16.8 billion in 2014, $17.0 billion in 2013 and $16.4 billion in 2012.\nCosts include expenses for the amortization of intangible assets recorded in connection with mergers and acquisitions which totaled $4.2 billion in 2014, $4.7 billion in 2013 and $4.9 billion in 2012.\nCosts in 2014 and 2013 include intangible asset impairment charges of $1.1 billion and $486 million, respectively, related to marketed products (see Note 7 to the consolidated financial statements).\nThe Company may recognize additional non-cash impairment charges in the future related to product intangibles that were measured at fair value and capitalized in connection with mergers and acquisitions and such charges could be material.\nAdditionally, costs in 2013 include a $41 million intangible asset impairment charge related to a licensing agreement.\nAlso included in materials and production were costs associated with restructuring activities which amounted to $482 million, $446 million and $188 million in 2014, 2013 and 2012, respectively, including accelerated depreciation and asset write-offs related to the planned sale or closure of manufacturing facilities.\nSeparation costs associated with manufacturing-related headcount reductions have been incurred and are reflected in Restructuring costs as discussed below.\nGross margin was 60.3% in 2014 compared with 61.5% in 2013 and 65.2% in 2012.\nThe amortization of intangible assets, as well as the restructuring and impairment charges noted above reduced gross margin by 13.6 percentage points in 2014, 12.8 percentage points in 2013 and 10.7 percentage points in 2012.\nExcluding these impacts, the gross margin decline in 2014 as compared with 2013 was driven primarily by the unfavorable effects of inventory write-offs largely related to Victrelis, as well as by changes in product mix, partially offset by the sale of the U. S.  marketing rights to Saphris.\nThe gross margin decline in 2013 as compared with 2012 was driven in part by the loss of Singulair sales as result of patent expiries in the United States in August 2012 and in major European markets in February 2013.\nIn addition, generic competition in the United States coupled with changes in product mix and continued pricing pressures in mature markets also negatively affected gross margin in 2013 as compared with 2012.\nMarketing and Administrative Marketing and administrative expenses declined 3% in 2014 to $11.6 billion driven primarily by lower selling costs and promotional spending, the divestiture of MCC and the favorable effect of foreign exchange, partially offset by an additional year of expense related to the health care reform fee as discussed below, as well as higher acquisition and divestiture-related costs.\nMarketing and administrative expenses decreased 7% in 2013 to $11.9 billion largely due to lower promotional spending and selling costs resulting from restructuring activities, and also reflecting the favorable effect of foreign exchange.\nExpenses for 2014, 2013 and 2012 include restructuring costs of $200 million, $145 million and $90 million, respectively, related primarily to accelerated depreciation for facilities to be closed or"}
{"_id": "d8aab41de", "title": "", "text": "| December 31, 2014 December 31, 2013 | Amount | U.S. dollar notes due 2015–2093 | U.S. dollar debentures due 2017–2098 | U.S. dollar zero coupon notes due 20202 | Euro notes due 2022 and 20263 | Other, due through 20984 | Fair value adjustment5 | Total6,7 | Less current portion | Long-term debt |"}
{"_id": "d816cabc6", "title": "", "text": "| December 31, 2012 Fair Values of Derivatives (a) December 31, 2011 Fair Values of Derivatives (a) | Assets | (Thousands of dollars) | Derivatives designated as hedging instruments | Commodity contracts | Financial contracts | Physical contracts | Interest-rate contracts | Total derivatives designated as hedging instruments | Derivatives not designated as hedging instruments | Commodity contracts | Nontrading instruments | Financial contracts | Physical contracts | Trading instruments | Financial contracts | Total derivatives not designated as hedging instruments | Total derivatives |"}
{"_id": "d878c128a", "title": "", "text": "| Increase (decrease) in pretax earnings givenan interest rate decrease of X basis points Increase (decrease) in pretax earnings givenan interest rate increase of X basis points | -300 | (in thousands) | As of December 31, 2008 | Investment income | Interest expense | Pretax | As of December 31, 2007 | Investment income | Interest expense | Pretax |"}
{"_id": "d894c31ae", "title": "", "text": "| 2016 2015 2014 | Asset impairments | Layoff costs | Net loss on divestitures of businesses | Other | Reversals of previously recorded layoff costs | Restructuring and other charges |"}
{"_id": "d8a84101e", "title": "", "text": "| Year Ended December 31, | 2017 | Operating Data: | Rental income | Property operating income-1 | Operating income | Income from continuing operations | Gain on sale of real estate and change in control of interests, net | Net income | Net income available for common shareholders | Net cash provided by operating activities | Net cash used in investing activities | Net cash provided by (used in) financing activities | Earnings per common share, basic: | Net income available to common shareholders | Weighted average number of common shares, basic | Earnings per common share, diluted: | Net income available to common shareholders | Weighted average number of common shares, diluted | Dividends declared per common share | Other Data: | Funds from operations available to common shareholders-2 | EBITDA-3 | Adjusted EBITDA-3 | Ratio of EBITDA to combined fixed charges and preferred share dividends-3(4) | Ratio of Adjusted EBITDA to combined fixed charges and preferred share dividends-3(4) |"}
{"_id": "d8e80f754", "title": "", "text": "| Total interest-bearing liabilities 163,784 139,321 156,029 0.37 0.34 0.43 | Net interest income | Net interest rate spread | Impact of noninterest-bearing funds on margin | Net interest margin |"}
{"_id": "d89e1e78a", "title": "", "text": "Cost of Revenue Cost of revenue includes infrastructure costs, other direct costs, amortization of acquired intangible assets and capitalized labor costs, allocated facilities costs, as well as traffic acquisition costs (“TAC”).\nInfrastructure costs which consist primarily of data center costs related to our co-located facilities, which include lease and hosting costs, related support and maintenance costs and energy and bandwidth costs, as well as depreciation of our servers and networking equipment, and personnel-related costs, including salaries, benefits and stock-based compensation, for our operations teams.\nTAC consists of costs we incur with third parties in connection with the sale to advertisers of our advertising products that we place on third-party publishers’ websites, applications or other offerings collectively resulting from acquisitions, and from our organically-built advertising network, Twitter Audience Platform.\nMany of the elements of our cost of revenue are relatively fixed, and cannot be reduced in the near term to offset any decline in our revenue."}
{"_id": "d8f6dc39a", "title": "", "text": "| At December 31, 2009 Cross-border Total  exposure | (in billions) | South Korea | India | Brazil | China | Taiwan | Hong Kong | Mexico | Chile | Malaysia | South Africa | At December 31, 2008 | (in billions) | South Korea | India | China | Brazil | Taiwan | Hong Kong | United Arab Emirates | Mexico | South Africa | Russia |"}
{"_id": "d8f73de56", "title": "", "text": "MARKET RISK MANAGEMENT  CUSTOMER-RELATED TRADING RISK We engage in fixed income securities, derivatives and foreign exchange transactions to support our customers investing and hedging activities.\nThese transactions, related hedges and the credit valuation adjustment (CVA) related to our customer derivatives portfolio are marked-to-market on a daily basis and reported as customer-related trading activities.\nWe do not engage in proprietary trading of these products.\nWe use value-at-risk (VaR) as the primary means to measure and monitor market risk in customer-related trading activities.\nWe calculate a diversified VaR at a 95% confidence interval.\nVaR is used to estimate the probability of portfolio losses based on the statistical analysis of historical market risk factors.\nA diversified VaR reflects empirical correlations across different asset classes.\nDuring 2013, our 95% VaR ranged between $1.7 million and $5.5 million, averaging $3.5 million.\nDuring 2012, our 95% VaR ranged between $1.1 million and $5.3 million, averaging $3.2 million.\nTo help ensure the integrity of the models used to calculate VaR for each portfolio and enterprise-wide, we use a process known as backtesting.\nThe backtesting process consists of comparing actual observations of gains or losses against the VaR levels that were calculated at the close of the prior day.\nThis assumes that market exposures remain constant throughout the day and that recent historical market variability is a good predictor of future variability.\nOur customer-related trading activity includes customer revenue and intraday hedging which helps to reduce losses, and may reduce the number of instances of actual losses exceeding the prior day VaR measure.\nThere was one such instance during 2013 under our diversified VaR measure where actual losses exceeded the prior day VaR measure.\nIn comparison, there were two such instances during 2012.\nWe use a 500 day look back period for backtesting and include customer-related revenue.\nThe following graph shows a comparison of enterprise-wide gains and losses against prior day diversified VaR for the period indicated.\nTable 53: Enterprise-Wide Gains/Losses Versus Value-atRisk\nTotal customer-related trading revenue was as follows: Table 54: Customer-Related Trading Revenue\n(a) Includes changes in fair value for certain loans accounted for at fair value.\nCustomer-related trading revenues for 2013 increased $7 million compared with 2012.\nThe increase primarily resulted from the impact of higher market interest rates on credit valuations for customer-related derivatives activities and improved debt underwriting results which were partially offset by reduced client sales revenue."}
{"_id": "d8eeb9cf8", "title": "", "text": "Supplementary Leverage Ratio The Revised Capital Framework introduces a new supplementary leverage ratio for Advanced approach banking organizations.\nUnder amendments to the Revised Capital Framework, the U. S.  federal bank regulatory agencies approved a final rule that implements the supplementary leverage ratio aligned with the definition of leverage established by the Basel Committee.\nThe supplementary leverage ratio compares Tier 1 capital to a measure of leverage exposure, defined as the sum of our quarterly average assets less certain deductions plus certain off-balance-sheet exposures, including a measure of derivatives exposures and commitments.\nThe Revised Capital Framework requires a minimum supplementary leverage ratio of 5.0% (comprised of the minimum requirement of 3.0% and a 2.0% buffer) for U. S.  banks deemed to be G-SIBs, effective on January 1, 2018.\nCertain disclosures regarding the supplementary leverage ratio are required beginning in the first quarter of 2015.\nAs of December 2014, our estimated supplementary leverage ratio was 5.0%, including Tier 1 capital on a fully phased-in basis of $73.17 billion (CET1 of $64.26 billion plus perpetual non-cumulative preferred stock of $9.20 billion less other adjustments of $290 million) divided by total leverage exposure of $1.45 trillion (total quarterly average assets of $873 billion plus adjustments of $579 billion, primarily comprised of off-balance-sheet exposure related to derivatives and commitments).\nWe believe that the estimated supplementary leverage ratio is meaningful because it is a measure that we, our regulators and investors use to assess our ability to meet future regulatory capital requirements.\nThe supplementary leverage ratio is a non-GAAP measure and may not be comparable to similar non-GAAP measures used by other companies.\nThis estimated supplementary leverage ratio is based on our current interpretation and understanding of the U. S.  federal bank regulatory agencies final rule and may evolve as we discuss its interpretation and application with our regulators."}
{"_id": "d8cee7a38", "title": "", "text": "| Scenario 1 Scenario 2 Scenario 3 Scenario 4 Scenario 5 Scenario 6 | Overnight rate change (bps) | 10-year rate change (bps) | Impact to net interest revenue(in millions of dollars) | December 31, 2010 | In millions of dollars | U.S. dollar | Instantaneous change | Gradual change | Mexican peso | Instantaneous change | Gradual change | Euro | Instantaneous change | Gradual change | Japanese yen | Instantaneous change | Gradual change | Pound sterling | Instantaneous change | Gradual change | For the Years Ended December 31, | 2008 | (In millions, except percentages) | Gross assessments | Rebates and incentives | Net assessments |"}
{"_id": "d89b4e42e", "title": "", "text": "The Companies do not expect the total amounts of uncertain tax positions or unrecognized tax benefits to significantly increase or decrease within the next 12 months."}
{"_id": "d8af9737c", "title": "", "text": "Long-term Borrowings.\nThe carrying value of long-term borrowings at December 31, 2014 included the following:"}
{"_id": "d8f3a736e", "title": "", "text": "| Minimum Basel III Regulatory Capital Levels | January 1,2016 | Common equity tier 1 risk-based capital ratio | Tier 1 risk-based capital ratio | Total risk-based capital ratio |"}
{"_id": "d8204fd4a", "title": "", "text": "Year Ended December 31, 2013 Compared to the Year Ended December 31, 2012 Net Loss Segment net loss increased $45,183 or 82%, to $100,241 for Twelve Months 2013 compared with a net loss of $55,058 for Twelve Months 2012.\nThe increase is primarily related to a $19,388 (after-tax) decrease in net realized gains on investments, increased employee-related and business acquisition-related expenses and additional expenses in areas targeted for growth.\nIn addition, interest expense increased $11,329 (after-tax) due to the March 2013 issuance of senior notes with an aggregate principal amount of $700,000.\nTotal Revenues Total revenues decreased $34,713 or 33%, to $72,093 for Twelve Months 2013 compared with $106,806 for Twelve Months 2012.\nThe decrease in revenues is mainly due to decreased net realized gains on investments.\nTotal Benefi ts, Losses and Expenses Total benefi ts, losses and expenses increased $50,405 or 30%, to $221,073 in Twelve Months 2013 compared with $170,668 in Twelve Months 2012.\nThe increase is primarily due to increased employee-related and business acquisition-related expenses, additional expenses in areas targeted for growth and increased interest expense related to the March 2013 debt issuance mentioned above.\nIn addition, policyholders benefi ts increased $5,949 attributable to increased claims payable accruals associated with discontinued businesses.\nInvestments The Company had total investments of $14,131,452 and $14,244,015 as of December 31, 2014 and December 31, 2013, respectively.\nFor more information on our investments see Note 5 to the Consolidated Financial Statements included elsewhere in this report.\nThe following table shows the credit quality of our fi xed maturity securities portfolio as of the dates indicated:"}
{"_id": "d885f4074", "title": "", "text": "| Estimated % Change inNet Interest Income over 12 Months December 31, | Basis points | Instantaneous Change in Interest Rates | +200 | +100 | -100 | -200 | Gradual Change in Interest Rates | +200 | +100 | -100 | -200 |"}
{"_id": "d8bfc295e", "title": "", "text": "| Entergy Arkansas Entergy Louisiana Entergy Mississippi Entergy New Orleans Entergy Texas System Energy | (In Thousands) | 2016: | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | 2015: | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d827f3c7c", "title": "", "text": "Commercial aircraft financing commitments include commitments to provide financing related to aircraft on order, under option for deliveries or proposed as part of sales campaigns or refinancing with respect to delivered aircraft, based on estimated earliest potential funding dates.\nBased on historical experience, we anticipate that we will not be required to fund a significant portion of our financing commitments.\nHowever, there can be no assurances that we will not be required to fund greater amounts than historically required, particularly if the Export-Import Bank of the United States continues to be unable to, or does not, provide new financing support.\nSee Note 11 to our Consolidated Financial Statements."}
{"_id": "d85efc8fe", "title": "", "text": "| Year ended December 31, | 2016 | (in millions) | Operating results: | Revenues | Benefits and expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments | Related charges | Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d87493028", "title": "", "text": "| Balance at December 31, 2011 $4,045 | Increase based on tax positions related to the current period | Increase based on tax positions related to prior periods | Decreases based on tax positions related to prior periods | Decreases related to settlements with taxing authorities | Decreases related to a lapse of applicable statute of limitations | Balance at December 31, 2012 | Increase based on tax positions related to the current period | Increase based on tax positions related to prior periods | Decreases based on tax positions related to prior periods | Decreases related to settlements with taxing authorities | Balance at December 31, 2013 | Increase based on tax positions related to the current period | Increase based on tax positions related to prior periods | Decreases based on tax positions related to prior periods | Decreases related to settlements with taxing authorities | Decreases related to a lapse of applicable statute of limitations | Balance at December 31, 2014 |"}
{"_id": "d86760c8e", "title": "", "text": "| Weighted Average Useful Life (years) | Purchased technology | Localization | Trademarks | Customer contracts and relationships | Other intangibles |"}
{"_id": "d8ea6a08a", "title": "", "text": "| Total Loans Nonaccrual and 90 days or more past due Net loan charge-offs(a)Year ended | December 31, (in millions) | Home finance | Auto & education finance | Consumer & small business and other | Credit card receivables | Total consumer loans | Total wholesale loans | Total loans reported | Securitized loans: | Residential mortgage(b) | Automobile | Credit card | Total consumer loans securitized | Securitized wholesale activities | Total loans securitized(c) | Total loans reported and securitized(d) |"}
{"_id": "d8ba5ab4c", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements Commercial Lending.\nThe firms commercial lending commitments are extended to investment-grade and noninvestment-grade corporate borrowers.\nCommitments to investment-grade corporate borrowers are principally used for operating liquidity and general corporate purposes.\nThe firm also extends lending commitments in connection with contingent acquisition financing and other types of corporate lending as well as commercial real estate financing.\nCommitments that are extended for contingent acquisition financing are often intended to be short-term in nature, as borrowers often seek to replace them with other funding sources.\nSumitomo Mitsui Financial Group, Inc.  (SMFG) provides the firm with credit loss protection on certain approved loan commitments (primarily investment-grade commercial lending commitments).\nThe notional amount of such loan commitments was $27.03 billion and $27.51 billion as of December 2015 and December 2014, respectively.\nThe credit loss protection on loan commitments provided by SMFG is generally limited to 95% of the first loss the firm realizes on such commitments, up to a maximum of approximately $950 million.\nIn addition, subject to the satisfaction of certain conditions, upon the firms request, SMFG will provide protection for 70% of additional losses on such commitments, up to a maximum of $1.13 billion, of which $768 million of protection had been provided as of both December 2015 and December 2014.\nThe firm also uses other financial instruments to mitigate credit risks related to certain commitments not covered by SMFG.\nThese instruments primarily include credit default swaps that reference the same or similar underlying instrument or entity, or credit default swaps that reference a market index.\nWarehouse Financing.\nThe firm provides financing to clients who warehouse financial assets.\nThese arrangements are secured by the warehoused assets, primarily consisting of consumer and corporate loans.\nContingent and Forward Starting Resale and Securities Borrowing Agreements/Forward Starting Repurchase and Secured Lending Agreements The firm enters into resale and securities borrowing agreements and repurchase and secured lending agreements that settle at a future date, generally within three business days.\nThe firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements.\nThe firms funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused.\nLetters of Credit The firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements.\nInvestment Commitments The firms investment commitments of $6.05 billion and $5.16 billion as of December 2015 and December 2014, respectively, include commitments to invest in private equity, real estate and other assets directly and through funds that the firm raises and manages.\nOf these amounts, $2.86 billion and $2.87 billion as of December 2015 and December 2014, respectively, relate to commitments to invest in funds managed by the firm.\nIf these commitments are called, they would be funded at market value on the date of investment.\nLeases The firm has contractual obligations under long-term noncancelable lease agreements for office space expiring on various dates through 2069.\nCertain agreements are subject to periodic escalation provisions for increases in real estate taxes and other charges.\nThe table below presents future minimum rental payments, net of minimum sublease rentals."}
{"_id": "d881e2134", "title": "", "text": "| 2014 2013 2012 | Net sales | Operating profit | Operating margins | Backlog at year-end |"}
{"_id": "d8dbe555a", "title": "", "text": "The Company also has the following key U. S.  patent protection for drug candidates in Phase 3 development:\nUnless otherwise noted, the patents in the above charts are compound patents.\nEach patent is subject to any future patent term restoration of up to five years and six month pediatric market exclusivity, either or both of which may be available.\nIn addition, depending on the circumstances surrounding any final regulatory approval of the compound, there may be other listed patents or patent applications pending that could have relevance to the product as finally approved; the relevance of any such application would depend upon the claims that ultimately may be granted and the nature of the final regulatory approval of the product.\nAlso, regulatory exclusivity tied to the protection of clinical data is complementary to patent protection and, in some cases, may provide more effective or longer lasting marketing exclusivity than a compound’s patent estate.\nIn the United States, the data protection generally runs five years from first marketing approval of a new chemical entity, extended to seven years for an orphan drug indication and 12 years from first marketing approval of a biological product.\nFor further information with respect to the Company’s patents, see Item 1A.\n“Risk Factors” and Item 8.\n“Financial Statements and Supplementary Data,” Note 10.\n“Contingencies and Environmental Liabilities” below.\nWorldwide, all of the Company’s important products are sold under trademarks that are considered in the aggregate to be of material importance.\nTrademark protection continues in some countries as long as used; in other countries, as long as registered.\nRegistration is for fixed terms and can be renewed indefinitely.\nRoyalty income in 2014 on patent and know-how licenses and other rights amounted to $274 million.\nMerck also incurred royalty expenses amounting to $1.1 billion in 2014 under patent and know-how licenses it holds.\nResearch and Development The Company’s business is characterized by the introduction of new products or new uses for existing products through a strong research and development program.\nApproximately 11,400 people are employed in the Company’s research activities.\nResearch and development expenses were $7.2 billion in 2014, $7.5 billion in 2013 and $8.2 billion in 2012 (which included restructuring costs and acquisition-related costs in all years).\nThe Company"}
{"_id": "d868e3c00", "title": "", "text": "| 2005 2004 2003 | Shares outstanding at beginning of year | Acquired during the year | Issued pursuant to performance stock unit obligations | Issued under stock plans | Issued under contractual obligations | Shares outstanding at end of year |"}
{"_id": "d8d3032e8", "title": "", "text": "* Reflects $124 million pre-tax charge in 2004, in accordance with Con Edison of New Yorks electric, gas and steam rate plans.\nof annual compensation was made.\nFor the years ended December 31, 2009, 2008 and, 2007, we made matching contributions of approximately $450,000, $503,000 and $457,000, respectively.\nNOTE 17 / COMMITMENTS AND CONTINGENCIES We and our operating partnership are not presently involved in any material litigation nor, to our knowledge, is any material litigation threatened against us or our properties, other than routine litigation arising in the ordinary course of business.\nManagement believes the costs, if any, incurred by us and our operating partnership related to this litigation will not materially affect our financial position, operating results or liquidity.\nWe have entered into employment agreements with certain executives, which expire between June 2010 and January 2013.\nThe minimum cash-based compensation, including base salary and guaranteed bonus payments, associated with these employment agreements totals approximately $7.8 million for 2010.\nIn March 1998, we acquired an operating sub-leasehold position at 420 Lexington Avenue.\nThe operating sub-leasehold position required annual ground lease payments totaling $6.0 million and subleasehold position payments totaling $1.1 million (excluding an operating sub-lease position purchased January 1999).\nIn June 2007, we renewed and extended the maturity date of the ground lease at 420 Lexington Avenue through December 31, 2029, with an option for further extension through 2080.\nGround lease rent payments through 2029 will total approximately $10.9 million per year.\nThereafter, the ground lease will be subject to a revaluation by the parties thereto.\nIn June 2009, we acquired an operating sub-leasehold position at 420 Lexington Avenue for approximately $7.7 million.\nThese sub-leasehold positions were scheduled to mature in December 2029.\nIn October 2009, we acquired the remaining sub-leasehold position for $7.6 million.\nThe property located at 711 Third Avenue operates under an operating sub-lease, which expires in 2083.\nUnder the sub-lease, we are responsible for ground rent payments of $1.55 million annually through July 2011 on the 50% portion of the fee we do not own.\nThe ground rent is reset after July 2011 based on the estimated fair market value of the property.\nWe have an option to buy out the sub-lease at a fixed future date.\nThe property located at 461 Fifth Avenue operates under a ground lease (approximately $2.1 million annually) with a term expiration date of 2027 and with two options to renew for an additional 21 years each, followed by a third option for 15 years.\nWe also have an option to purchase the ground lease for a fixed price on a specific date.\nThe property located at 625 Madison Avenue operates under a ground lease (approximately $4.6 million annually) with a term expiration date of 2022 and with two options to renew for an additional 23 years.\nThe property located at 1185 Avenue of the Americas operates under a ground lease (approximately $8.5 million in 2010 and $6.9 million annually thereafter) with a term expiration of 2020 and with an option to renew for an additional 23 years.\nIn April 1988, the SL Green predecessor entered into a lease agreement for the property at 673 First Avenue, which has been capitalized for financial statement purposes.\nLand was estimated to be approximately 70% of the fair market value of the property.\nThe portion of the lease attributed to land is classified as an operating lease and the remainder as a capital lease.\nThe initial lease term is 49 years with an option for an additional 26 years.\nBeginning in lease years 11 and 25, the lessor is entitled to additional rent as defined by the lease agreement.\nWe continue to lease the 673 First Avenue property, which has been classified as a capital lease with a cost basis of $12.2 million and cumulative amortization of $5.5 million and $5.2 million at December 31, 2009 and 2008, respectively.\nThe following is a schedule of future minimum lease payments under capital leases and noncancellable operating leases with initial terms in excess of one year as of December 31, 2009 (in thousands):"}
{"_id": "d8641cda2", "title": "", "text": "| December 31, | 2007 | ( In millions ) | Other Assets: | Premium tax offset for future undiscounted assessments | Premium tax offsets currently available for paid assessments | Receivable for reimbursement of paid assessments-1 | $53 | Liability: | Insolvency assessments |"}
{"_id": "d8acff916", "title": "", "text": "| Years Ended December 31, | 2007 | (In millions) | Revenues | Expenses | Income before provision for income tax | Provision for income tax | Net investment gain (loss), net of income tax | Income from discontinued operations, net of income tax |"}
{"_id": "d89fc2d0c", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements Concentrations of Financial Instruments The Company monitors its concentrations of financial instruments and mitigates credit risk by maintaining a diversified investment portfolio which limits exposure to any one issuer.\nAs of the dates indicated, the Company’s exposure to concentrations of credit risk of single issuers greater than 10% of the Company’s stockholders’ equity included securities of the U. S.  government and certain U. S.  government agencies and securities guaranteed by the U. S.  government, as well as the securities disclosed below:"}
{"_id": "d8c975a14", "title": "", "text": "2017 and 1% higher than in 2016.\nComparing 2018 with 2017, benefits from higher average sales price realizations, net of mix ($309 million), were partially offset by lower sales volumes ($17 million), higher input costs ($141 million), higher planned maintenance downtime costs ($25 million) and higher operating costs ($42 million)."}
{"_id": "d892da8e2", "title": "", "text": "| Year ended December 31, | Non-GAAP operating efficiency ratio, net of noncontrolling interests (Dollars in thousands, except ratios) | GAAP noninterest expense | Less: expense attributable to noncontrolling interests | Non-GAAP noninterest expense, net of noncontrolling interests | GAAP net interest income | Adjustments for taxable equivalent basis | Non-GAAP taxable equivalent net interest income | Less: income attributable to noncontrolling interests | Non-GAAP taxable equivalent net interest income, net of noncontrolling interests | GAAP noninterest income | Non-GAAP noninterest income, net of noncontrolling interests and excluding net losses on SVBIF sale transaction | GAAP total revenue | Non-GAAP taxable equivalent revenue, net of noncontrolling interests and excluding net losses on SVBIF sale transaction | GAAP operating efficiency ratio | Non-GAAP operating efficiency ratio -1 |"}
{"_id": "d8a348fc6", "title": "", "text": "The subordinated retained securities do not have pro rata participation in loan principal prepayments for the first seven years of each securitization.\nThe assumed weighted-average discount rate is 815 basis points higher than the weighted-average coupon of the underlying mortgage loans at Decem- ber 31, 2009.20.\nFair value measurements GAAP permits an entity to choose to measure eligible financial instruments and other items at fair value.\nThe Company has not made any fair value elections as of December 31, 2009.\nPursuant to GAAP, fair value is defined as the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\nA three-level hierarchy exists in GAAP for fair value measurements based upon the inputs to the valuation of an asset or liability.  ?\nLevel 1  Valuation is based on quoted prices in active markets for identical assets and liabilities.  ?\nLevel 2  Valuation is determined from quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar instruments in markets that are not active or by model-based techniques in which all significant inputs are observable in the market.  ?\nLevel 3  Valuation is derived from model-based and other techniques in which at least one significant input is unobservable and which may be based on the Companys own estimates about the assumptions that market participants would use to value the asset or liability.\nWhen available, the Company attempts to use quoted market prices in active markets to determine fair value and classifies such items as Level 1 or Level 2.\nIf quoted market prices in active markets are not"}
{"_id": "d8327a54c", "title": "", "text": "We have derivative instruments with credit-risk-related contingent features.\nFor foreign exchange contracts with original maturities of at least five years, our derivative counterparties could require settlement if we default on our five-year credit facility.\nFor commodity contracts, our counterparties could require collateral posted in an amount determined by our credit ratings.\nThe fair value of foreign exchange and commodity contracts that have credit-risk-related contingent features that are in a net liability position at December 31, 2013 was $7.\nAt December 31, 2013, there was no collateral posted related to our derivatives.\nNote 18 – Significant Group Concentrations of Risk Credit Risk Financial instruments involving potential credit risk are predominantly with commercial aircraft customers and the U. S.  government.\nOf the $10,670 in gross accounts receivable and gross customer financing included in the Consolidated Statements of Financial Position as of December 31, 2013, $4,870 related predominantly to commercial aircraft customers ($924 of accounts receivable and $3,946 of customer financing) and $3,604 related to the U. S.  government.\nOf the $4,020 in gross customer financing, $2,720 related to customers we believe have less than investment-grade credit including American Airlines, United/Continental Airlines, and Hawaiian Airlines who were associated with 11%, 9% and 8%, respectively, of our financing portfolio.\nFinancing for aircraft is collateralized by security in the related asset and in some instances security in other assets as well.\nOther Risk As of December 31, 2013, approximately 38% of our total workforce was represented by collective bargaining agreements and approximately 1% of our total workforce was represented by agreements expiring in 2014."}
{"_id": "d814f5ab2", "title": "", "text": "| Year ended December 31, Provision for credit losses | (in millions) | 2009 | Investment Bank | Commercial Banking | Treasury & Securities Services | Asset Management | Corporate/Private Equity(a)(b) | Total Wholesale | Retail Financial Services | CardServices – reported | Corporate/Private Equity(a)(c)(d) | Total Consumer | Total provision for creditlosses – reported | Credit card– securitized | Total provision for creditlosses – managed |"}
{"_id": "d88e4a80e", "title": "", "text": "| (Millions, except per share amounts) 2006 2005 2004 | Earnings per common share | Net income | Weighted average common shares outstanding | Earnings per common share | Earnings per common share – assuming dilution | Net income | Weighted average common shares outstanding | Effect of dilutive securities | Stock options | Other stock compensation plans | Potentially dilutive common shares | Adjusted weighted average common shares outstanding | Earnings per common share – assuming dilution | Pensions | (Millions) | Projected benefitobligation, Jan. 1 | Service cost | Interest cost | Plan amendments | Actuarial losses (gains) | Benefits paid | Foreign currency translation adjustments | Other | Projectedbenefitobligation, Dec. 31 | Market value of planassets, Jan. 1 | Actual return on plan assets | Company contributions | Participant contributions | Benefits paid | Plan expenses and other-net | Foreign currency translation adjustments | Market value of planassets, Dec. 31 | Funded Status | Accumulated unrecognized: | Accumulated actuarial losses | Accumulated prior service cost | Net amount recognized before adjustment | Adjustment recognized by charge to accumulated other comprehensive loss pre-tax | Amount recognized | Amounts recognized in the Balance Sheet: | Other assets (long-term) | Accounts payable and accrued liabilities | Accrued pensions | Other postretirement benefits | Amountrecognized |"}
{"_id": "d8ee9989a", "title": "", "text": "| December 31, 2013 CarryingValue Percentageof TotalAssets1 | Goodwill | Bottlers' franchise rights with indefinite lives | Trademarks with indefinite lives | Definite-lived intangible assets, net | Other intangible assets not subject to amortization | Total |"}
{"_id": "d87e41db8", "title": "", "text": "| 2012 2011 | In millions | Projected benefit obligation | Accumulated benefit obligation | Fair value of plan assets |"}
{"_id": "d86c04b00", "title": "", "text": "| Amount (In Millions) | 2015 net revenue | Retail electric price | Volume/weather | Net wholesale revenue | Reserve equalization | Other | 2016 net revenue | 2016 | December 31,(in millions) | Modified residential real estate loans, excluding PCI loans(a)(b) | Home equity | Residential mortgage | Total modified residential real estate loans, excluding PCI loans | Modified PCI loans(c) | Home equity | Prime mortgage | Subprime mortgage | Option ARMs | Total modified PCI loans |"}
{"_id": "d8d9ffa4c", "title": "", "text": "| Chipotle Class A Common Stock Chipotle Class B Common Stock | High | 2007 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Chipotle Class A Common Stock | High | 2008 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d899f1c34", "title": "", "text": "$20 Million Credit Facility (Terminated) On June 2, 2010, Ameren entered into a $20 million revolving credit facility ($20 Million Facility).\nBorrowings under the $20 Million Facility incurred interest at a rate equal to the applicable LIBOR plus 2.25% per annum.\nThe obligations of Ameren under the $20 Million Facility were unsecured.\nNo subsidiary of Ameren was a party to, guarantor of, or borrower under the facility.\nAmeren had no outstanding borrowings under the facility as of December 31, 2011.\nAmeren terminated the $20 Million Facility in January 2012.\nDuring the years ended December 31, 2011 and 2010, Ameren had average daily balances outstanding of $20 million, with a weightedaverage interest rate of 2.48% and 2.54%, respectively.\nCommercial Paper At December 31, 2011, and 2010, Ameren had $148 million and $269 million of commercial paper outstanding, respectively.\nDuring the years ended December 31, 2011 and 2010, Ameren had average daily commercial paper balances outstanding of $311 million and $185 million with a weighted-average interest rate of 0.87% and 0.94%, respectively.\nThe peak short-term commercial paper outstanding during the years ended December 31, 2011, and 2010 were $435 million and $366 million,"}
{"_id": "d87097afa", "title": "", "text": "Consumer Loan Modification Programs Citigroup has instituted a variety of modification programs to assist borrowers with financial difficulties.\nThese programs include modifying the original loan terms, reducing interest rates, extending the remaining loan duration and/or waiving a portion of the remaining principal balance.\nCiti’s programs consist of the U. S.  Treasury’s Home Affordable Modification Program (HAMP), as well as short-term forbearance and long-term modification programs, each summarized below.\nHAMP.\nThe HAMP is designed to reduce monthly mortgage payments to a 31% housing debt ratio by lowering the interest rate, extending the term of the loan and forbearing principal of certain eligible borrowers who have defaulted on their mortgages or who are at risk of imminent default due to economic hardship.\nIn order to be entitled to loan modifications, borrowers must complete a three- to five-month trial period, make the agreed payments and provide the required documentation.\nEffective June 1, 2010, documentation must be provided prior to beginning the trial period, whereas prior to that date, it was required to be provided before the end of the trial period.\nThis change generally means that Citi will be able to verify income up front for potential HAMP participants before they begin making lower monthly payments.\nWe believe this change will limit the number of borrowers who ultimately fall out from the trials and potentially mitigate the impact of HAMP trial participants on early bucket delinquency data.\nDuring the trial period, Citi requires that the original terms of the loans remain in effect pending completion of the modification.\nAs of December 31, 2009, approximately $7.1 billion of first mortgages were enrolled in the HAMP trial period, while $300 million have successfully completed the trial period.\nUpon completion of the trial period, the terms of the loan are contractually modified, and it is accounted for as a “troubled debt restructuring” (see “Long-Term Programs” below).\nFor additional information on HAMP, see “U.\nS.  Consumer Lending— Mortgage Lending” below.\nShort-term programs.\nCitigroup has also instituted interest rate reduction programs (primarily in the United States) to assist borrowers experiencing temporary hardships.\nThese programs include short-term (12 months or less) interest rate reductions and deferrals of past due payments.\nThe loan volume under these short-term programs increased significantly during 2009, and loan loss reserves for these loans have been enhanced, giving consideration to the higher risk associated with those borrowers and reflecting the estimated future credit losses for those loans.\nSee Note 1 to the Consolidated Financial Statements for a further discussion of the allowance for loan losses for such modified loans."}
{"_id": "d8aeb46b2", "title": "", "text": "| December 31, | Dollars in Millions | Working capital |"}
{"_id": "d878d6072", "title": "", "text": "| For the years ended December 31, | 2011 | Amount | Fixed maturities [2] | Equity securities, AFS | Mortgage loans | Policy loans | Limited partnerships and other alternativeinvestments | Other [3] | Investment expense | Total securities AFS and other | Equity securities, trading | Total net investment income (loss), before-tax | Total securities, AFS and other excludinglimited partnerships and other alternativeinvestments |"}
{"_id": "d88df2aa0", "title": "", "text": "| In millions December 312013 December 312012 | Commercial mortgages at fair value | Commercial mortgages at lower of cost or fair value | Total commercial mortgages | Residential mortgages at fair value | Residential mortgages at lower of cost or fair value | Total residential mortgages | Other | Total |"}
{"_id": "d8f13f3f6", "title": "", "text": "| December 31, (in millions) 2003 2002 2001 | Issued — balance at January 1 | Newly issued: | Employee benefits and compensation plans | Employee stock purchase plans | Purchase accounting acquisitions and other | Total newly issued | Cancelled shares | Total issued — balance at December 31 | Treasury — balance at January 1 | Purchase of treasury stock | Forfeitures to treasury | Issued from treasury: | Employee benefits and compensation plans | Employee stock purchase plans | Total issued from treasury | Total treasury — balance at December 31 | Outstanding |"}
{"_id": "d8e4477ca", "title": "", "text": "SPECIAL ASSET POOL Special Asset Pool (SAP), which constituted approximately 28% of Citi Holdings by assets as of December 31, 2009, is a portfolio of securities, loans and other assets that Citigroup intends to actively reduce over time through asset sales and portfolio run-off.\nAt December 31, 2009, SAP had $154 billion of assets.\nSAP assets have declined by $197 billion or 56% from peak levels in 2007 reflecting cumulative write-downs, asset sales and portfolio run-off.\nAssets have been reduced by $87 billion from year-ago levels.\nApproximately 60% of SAP assets are now accounted for on an accrual basis, which has helped reduce income volatility."}
{"_id": "d813b8f00", "title": "", "text": "KIMCO REALTY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED Noncontrolling interests also includes 138,015 convertible units issued during 2006, by the Company, which are valued at approximately $5.3 million, including a fair market value adjustment of $0.3 million, related to an interest acquired in an office building located in Albany, NY.\nThese units are redeemable at the option of the holder after one year for cash or at the option of the Company for the Company’s common stock at a ratio of 1:1.\nThe holder is entitled to a distribution equal to the dividend rate of the Company’s common stock.\nThe Company is restricted from disposing of these assets, other than through a tax free transaction, until January 2017."}
{"_id": "d86d96e78", "title": "", "text": "| Year Ended December 31, 2006 Year Ended December 31, 2005 Year Ended December 31, 2004 | Bendix | Beginning of year | Accrual for claims filed and defense costs incurred | Accrual for estimated cost of future claims | Reduction in estimated cost of future claims | Asbestos related liability payments | Settlement with plaintiff firms of certain pending asbestos claims-1 | Update of expected resolution values for pending claims | Other | End of year |"}
{"_id": "d88e1c5b2", "title": "", "text": "| (Dollars in millions, except per share amounts) Fiscal2012 Fiscal2011 Fiscal2010 2012-2011% Change 2011-2010% Change | Total net revenue | Operating income from continuing operations | Net income from continuing operations | Diluted net income per share from continuing operations |"}
{"_id": "d877f36fa", "title": "", "text": "consumer insights and technology advancements that lead to product improvements, improved marketing and merchandising programs and game-changing inventions that create new brands and categories.\nProductivity improvement is critical to delivering our balanced top-line growth, bottom-line growth and value creation objectives.\nProductivity improvement and sales growth reinforce and fuel each other.\nWe are driving productivity improvement across all elements of cost, including cost of goods sold, marketing and promotional expenses and nonmanufacturing overhead.\nProductivity improvements and cost savings are being reinvested in product and packaging improvements, brand awareness-building advertising and trial-building sampling programs, increased sales coverage and R&D programs.\nWe are improving operational effectiveness and organizational culture through enhanced clarity of roles and responsibilities, accountability and incentive compensation programs.\nThe Company has undertaken an effort to focus and strengthen its business portfolio to compete in categories and with brands that are structurally attractive and that play to P&G's strengths.\nThe ongoing portfolio of businesses consists of 10 product categories.\nThese are categories where P&G has leading market positions, strong brands and consumer-meaningful product technologies.\nWe believe these strategies are right for the long-term health of the Company and our objective of delivering total shareholder return in the top one-third of our peer group.\nThe Company expects the delivery of the following long-term annual financial targets will result in total shareholder returns in the top third of the competitive peer group: ?\nOrganic sales growth above market growth rates in the categories and geographies in which we compete; ?\nCore EPS growth of mid-to-high single digits; and ?\nAdjusted free cash flow productivity of 90% or greater.\nIn periods with significant macroeconomic pressures, we intend to maintain a disciplined approach to investing so as not to sacrifice the long-term health of our businesses to meet shortterm objectives in any given year."}
{"_id": "d89498d6e", "title": "", "text": "| Level 3 Assets (Liabilities) and Range of Significant Unobservable Inputs (Average/Median) as of December | $ in millions | Interest rates, net | Correlation | Volatility (bps) | Credit, net | Correlation | Credit spreads (bps) | Upfront credit points | Recovery rates | Currencies, net | Correlation | Commodities, net | Volatility | Natural gas spread | Oil spread | Equities, net | Correlation | Volatility |"}
{"_id": "d8f0dc2ec", "title": "", "text": "| Quarter Ended | March 31 | 2016 | Net revenues | Percent change from prior quarter | 2017 | Net revenues | Percent change from prior quarter | 2018 | Net revenues | Percent change from prior quarter |"}
{"_id": "d86389f2a", "title": "", "text": "| 12-Month 2015 12-Month 2014 11-Month 2013-1 | Numerator (in millions): | Net earnings (loss) from continuing operations attributable to Best Buy Co., Inc., shareholders, diluted | Denominator (in millions): | Weighted-average common shares outstanding | Effect of potentially dilutive securities: | Stock options and other | Weighted-average common shares outstanding, assuming dilution | Net earnings (loss) per share from continuing operations attributable to Best Buy Co., Inc. shareholders | Basic | Diluted |"}
{"_id": "d886e7cce", "title": "", "text": "| December 31, | 2012 | (in millions) | Net unrealized securities gains | Net unrealized derivatives losses | Foreign currency translation | Defined benefit plans | Total |"}
{"_id": "d89788f24", "title": "", "text": "| 2002 2001 | Gain on sales of depreciable properties | Gain on land sales | Impairment adjustment | Total |"}
{"_id": "d8dea626c", "title": "", "text": "CITIZENS FINANCIAL GROUP, INC.  MANAGEMENT'S DISCUSSION AND ANALYSIS 78 Net interest income of $3.3 billion in 2014 increased $243 million, or 8%, from $3.1 billion in 2013 driven by growth in average interest-earning assets, a reduction in interest rate hedging costs, as well as lower deposit costs.\nThese benefits were partially offset by the effect of declining loan yields and a continued shift in loan mix to lower yielding loans, increased borrowing costs related to our issuance of subordinated debt and the effect of the Chicago Divestiture.\nAverage interest-earning assets of $116.2 billion in 2014 increased $9.0 billion from 2013 driven by a $5.3 billion increase in the investment securities portfolio, a $2.2 billion increase in commercial loans, a $1.6 billion increase in residential mortgages, and a $2.2 billion increase in automobile loans, partially offset by a $2.0 billion decrease in home equity outstandings, a $54 million reduction in student loans, and a $267 million decrease in other retail loans.2014 net interest margin of 2.83% remained broadly stable compared to 2.85% in 2013 despite continued pressure from the relatively persistent low interest-rate environment.\nAverage interest-earning asset yields continued to decline at a pace that exceeded our ability to reduce our cost of interest-bearing deposits.2014 average interest-earning asset yields of 3.14% declined 11 basis points from 3.25% in 2013, largely reflecting a 13 basis point decline in the loan and lease portfolio yield despite a five basis point improvement in the securities portfolio yield.\nThe decline in loan and lease yields was driven by the effect of a reduction in higher-yielding consumer real estate secured outstandings.\nIn addition, intense industry-wide competition for commercial loans continued to compress spreads on new originations and resulted in additional downward pressure on overall loan yields.\nInvestment portfolio income of $619 million for the year ended December 31, 2014 increased $142 million, or 30%, compared to the year ended December 31, 2013.\nTotal interest-bearing deposit costs of $156 million in 2014 decreased $60 million, or 28%, from $216 million in 2013 and reflected an eight basis point decrease in the rate paid on deposits to 0.24% from 0.32%.\nThe cost of term deposits decreased to 0.65% in 2014 from 0.91% in 2013, while rates on money market and savings declined to 0.19% in 2014 from 0.25% in 2013.\nDue to the historically low interest rate environment, many deposit products have hit pricing floors at or near zero, limiting further rate reduction and thus compressing margins.\nThe total borrowed funds costs of $203 million in 2014 declined $24 million, or 11%, from $227 million in 2013 driven by the benefit of a $101 million reduction in pay-fixed swap costs which was partially offset by an increase in long-term borrowed funds costs largely related to our issuance of subordinated debt.\nTotal borrowed funds rates declined to 1.51% in 2014 from 6.53% in 2013.\nWithin the federal funds purchased and securities sold under agreement category and other short-term borrowed funds categories, pay-fixed swap expense declined to $99 million in 2014 from $200 million in 2013.\nExcluding the impact of hedging costs, 2014 borrowed funds costs were 0.78% compared to 1.16% in 2013."}
{"_id": "d8c1b426c", "title": "", "text": "When valuing employee stock options, we stratify the employee population into three homogenous groups that historically have exhibited similar exercise behaviors.\nThese groups are executive officers, directors, and all other employees.\nWe value the stock options based on the unique assumptions for each of these employee groups.\nWe calculate the expected term for our employee stock options based on historical employee exercise behavior and base the risk-free interest rate on a traded zero-coupon U. S.  Treasury bond with a term substantially equal to the options expected term.\nThe volatility used to value employee stock options is based on historical volatility.\nWe calculate historical volatility using a simple-average calculation methodology based on daily price intervals as measured over the expected term of the option.\nAs required under the current contract, the target underwritten health care cost and underwriting fee amounts for each option period are negotiated.\nAny variance from the target health care cost is shared with the federal government.\nAccordingly, events and circumstances not contemplated in the negotiated target health care cost amount may have a material adverse effect on us.\nThese changes may include an increase or reduction in the number of persons enrolled or eligible to enroll due to the federal governments decision to increase or decrease U. S.  military deployments.\nIn the event government reimbursements were to decline from projected amounts, our failure to reduce the health care costs associated with these programs may have a material adverse effect on our results of operations, financial position, and cash flows.\nIn July 2009, we were notified by the Department of Defense that we were not awarded the third generation TRICARE program contract for the South Region which had been subject to competing bids.\nWe filed a protest with the GAO in connection with the award to another contractor citing discrepancies between the award criteria and procedures prescribed in the request for proposals issued by the DoD and those that appear to have been used by the DoD in making its contractor selection.\nIn October 2009, we learned that the GAO had upheld our protest, determining that the TMA evaluation of our proposal had unreasonably failed to fully recognize and reasonably account for the likely cost savings associated with our record of obtaining network provider discounts from our established network in the South Region.\nOn December 22, 2009, we were advised that TMA notified the GAO of its intent to implement corrective action consistent with the discussion contained within the GAOs decision with respect to our protest.\nAt this time, we are not able to determine what actions TMA will take in response to recommendations by the GAO, nor can we determine whether or not the protest decision by the GAO will have any effect upon the ultimate disposition of the contract award.\nCritical Accounting Policies and Estimates The discussion and analysis of our financial condition and results of operations is based upon our consolidated financial statements and accompanying notes, which have been prepared in accordance with accounting principles generally accepted in the United States of America.\nThe preparation of these financial statements and accompanying notes requires us to make estimates and assumptions that affect the amounts reported in the consolidated financial statements and accompanying notes.\nWe continuously evaluate our estimates and those critical accounting policies related primarily to benefit expenses and revenue recognition as well as accounting for impairments related to our investment securities, goodwill, and long-lived assets.\nThese estimates are based on knowledge of current events and anticipated future events and, accordingly, actual results ultimately may differ from those estimates.\nWe believe the following critical accounting policies involve the most significant judgments and estimates used in the preparation of our consolidated financial statements.\nBenefit Expense Recognition Benefit expenses are recognized in the period in which services are provided and include an estimate of the cost of services which have been incurred but not yet reported, or IBNR.\nIBNR represents a substantial portion of our benefits payable as follows:"}
{"_id": "d8d07eb26", "title": "", "text": "| Years ended December 31, 2009 2008 2007 % Change 2008-2009 | (Dollars in millions) | Fee revenue: | Servicing fees | Management fees | Trading services | Securities finance | Processing fees and other | Total fee revenue | Net interest revenue: | Interest revenue | Interest expense | Net interest revenue | Gains (Losses) related to investment securities, net | Gain on sale of CitiStreet interest, net of exit and other associated costs | Total revenue |"}
{"_id": "d87c65260", "title": "", "text": "| In millions PNC Riskof Loss (a) Carrying Value ofAssets Owned by PNC Carrying Value of Liabilities Owned by PNC | December 31, 2016 (b) | Mortgage-Backed Securitizations (c) | Tax Credit Investments and Other | Total | December 31, 2015 | Mortgage-Backed Securitizations (c) | Tax Credit Investments and Other | Total |"}
{"_id": "d82b420c2", "title": "", "text": "We recorded an income tax provision of $3 million in 2003, an income tax provision of $45 million in 2002 and an income tax benefit of $14 million in 2001.\nThe income tax provision in 2003 primarily reflected income tax expense generated in certain foreign tax jurisdictions, offset by a benefit of a U. S.  federal tax refund from a carryback claim we filed in 2003.\nNo net tax benefit was recorded in 2003 on pre-tax losses due to continuing operating losses.\nOur tax provision for 2003 does not reflect an increase in our net deferred tax liability of approximately $46 million.\nThis net deferred tax liability was recognized by the Japanese subsidiary of FASL LLC, FASL JAPAN, as tax expense in periods prior to our consolidation of FASL LLC on June 30, 2003, and therefore has not been recorded as a component of our tax expense for 2003.\nThe 2002 income tax provision was recorded primarily for taxes due on income generated in certain state and foreign tax jurisdictions.\nNo tax benefit was recorded in 2002 on pre-tax losses due to the establishment of a valuation allowance against the remainder of our U. S.  deferred tax assets, net of U. S.  deferred tax liabilities in the fourth quarter, due to the incurrence of continuing substantial operating losses in the U. S.  The effective benefit rate of 15.4 percent for 2001 was less than the statutory rate because of a lower than U. S.  statutory 24 percent tax benefit rate on the 2001 restructuring charges, reflecting the allocation of the charges between the U. S.  and foreign lower-taxed jurisdictions, and a provision for U. S.  taxes on certain previously undistributed earnings of lower-taxed foreign subsidiaries."}
{"_id": "d8f3fd4bc", "title": "", "text": "| Amountsrecorded as ofthe acquisitiondate | Working capital -1 | Property, equipment, and capitalized software | Identifiable intangible assets: | Customer relationships | Trademarks | Technology | Other noncurrent assets -2 | Long-term debt | Other noncurrent liabilities -3 | Net deferred tax liability -4 | Net assets acquired | Goodwill | Total consideration transferred |"}
{"_id": "d8ed433a6", "title": "", "text": "Income Taxes Income taxes are accounted for in accordance with SFAS No.109, Accounting for Income Taxes, (SFAS 109).\nUnder SFAS 109, deferred tax assets and liabilities are determined based on temporary differences between financial reporting carrying values and tax bases of assets and liabilities, and are measured by using enacted tax rates expected to apply to taxable income in the years in which those differences are expected to reverse."}
{"_id": "d8dd558b8", "title": "", "text": "| Year Ended December 31 2010 2011 2012 | Mobile communication systems | IT solutions and mission support services | Intelligence, surveillance and reconnaissance systems | Total Information Systems and Technology |"}
{"_id": "d894e015a", "title": "", "text": "| In millions, except per share amounts 2006 2005 2004 | Revenues | Earnings from discontinued operation | Earnings (loss) from operation | Income tax benefit (expense) | Earnings (loss) from operation, net of taxes | Loss on sales and impairments | Income tax benefit | Loss on sales and impairments, net of taxes | Earnings (loss) from discontinued operation, net of taxes | Earnings (loss) per common share from discontinued operation - assuming dilution | Earnings (loss) from operation | Loss on sales and impairments | Earnings (loss) per common share from discontinued operation, net of taxes and minority interest - assumingdilution |"}
{"_id": "d8716714c", "title": "", "text": "| SIC SING CISEN | Thermoelectric | Hydroelectric | Solar | Wind | Other |"}
{"_id": "d8c0298fc", "title": "", "text": "| Year Ended September 30, | 2011 | (In millions) | Capitalized interest, beginning of year | Interest incurred | Interest expensed: | Directly to interest expense | Amortized to cost of sales | Written off with inventory impairments | Capitalized interest, end of year |"}
{"_id": "d8dd6ac68", "title": "", "text": "| Three Months Ended | Dec. 31, 2014 | (Unaudited, in thousands, except per share data) | Consolidated Statement of Operations Data: | Revenue | Advertising services | Data licensing and other | Total revenue | Costs and expenses-1 | Cost of revenue | Research and development | Sales and marketing | General and administrative | Total costs and expenses | Loss from operations | Interest income (expense), net | Other income (expense), net | Loss before income taxes | Provision (benefit) for income taxes | Net loss | Net loss per share attributable to common stockholders: | Basic and diluted | Other Financial Information: | Adjusted EBITDA-2 | Non-GAAP net income (loss)(3) |"}
{"_id": "d8ddb692e", "title": "", "text": "Premiums.\nGross written premiums decreased by 3.7% to $1,192.3 million in 2012 compared to $1,238.4 million in 2011, primarily due to a shift in the mix of business towards excess of loss business, which generates a lower premium rate commensurate with lower loss exposure, a $25.0 million decline due to the impact of foreign exchange rate movement and a lower level of reinstatement premiums in 2012.\nNet written premiums decreased by 2.4% to $1,188.7 million in 2012 compared to $1,218.6 million in 2011, principally as a result of the decrease in gross written premiums.\nPremiums earned decreased 2.4% to $1,214.8 million 2012 compared to $1,244.5 million in 2011.\nThe change in premiums earned is comparable to the change in net written premiums.\nGross written premiums increased by 2.6% to $1,238.4 million in 2011 compared to $1,207.0 million in 2010, primarily due to the effects of foreign exchange.\nEliminating this effect, premiums were essentially flat.\nGrowth from increased rate levels, particularly in regions recently affected by catastrophe losses was offset by the termination of business that did not meet our current pricing targets.\nNet written premiums increased by 1.6% to $1,218.6 million in 2011 compared to $1,199.6 million for the same period in 2010, principally as a result of the increase in gross written premiums.\nPremiums earned increased 6.5% to $1,244.5 million in 2011 compared to $1,168.1 million for the same period in 2010.\nThe change in premiums earned relative to net written premiums is the result of timing; premiums are earned ratably over the coverage period whereas written premiums are recorded at the initiation of the coverage period."}
{"_id": "d89413024", "title": "", "text": "| High Low Dividends | 2006 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | See Note(s) | (Thousands of Dollars) | Regulatory Assets | Current regulatory asset — Unrecovered fuel costs | Pension and employee benefit obligations | Net AROs(a) | AFDC recorded in plant(b) | Contract valuation adjustments(c) | Conservation programs(b) | Environmental costs | Losses on reacquired debt | Renewable resource costs | Nuclear outage costs | Purchased power contracts costs | Unrecovered natural gas costs | State commission accounting adjustments(b) | Rate case costs | MISO Day 2 costs | Nuclear fuel storage | Nuclear decommissioning costs | Other | Total noncurrent regulatory assets | Regulatory Liabilities | Current regulatory liability — Overrecovered fuel costs(d) | Plant removal costs | Contract valuation adjustments(c) | Investment tax credit deferrals | Deferred income tax adjustments | Nuclear outage costs collected in advance from customers | Gain on sale of emission allowances | Interest on income tax refunds | Pension and employee benefit obligations | Other | Total noncurrent regulatory liabilities |"}
{"_id": "d87acf1a8", "title": "", "text": "| December 31, | 2007 | Amount | (In millions) | Office | Apartments | Development joint ventures | Retail | Real estate investment funds | Industrial | Land | Agriculture | Other | Total real estate holdings |"}
{"_id": "d8670e844", "title": "", "text": "| See Note(s) Remaining Amortization Period 2009 2008 | (Thousands of Dollars) | Regulatory Assets | Current regulatory asset — Recoverable | purchased natural gas and electric energy costs | Pension and employee benefit obligations(e) | AFUDC recorded in plant(a) | Net AROs(b) | Conservation programs(a) | Environmental costs | Contract valuation adjustments(c) | Renewable and environmental initiative costs | Losses on reacquired debt | Nuclear outage costs | Purchased power contracts costs | Unrecovered natural gas costs | MISO Day 2 costs | Rate case costs | State commission accounting adjustments(a) | Nuclear fuel storage | Nuclear decommissioning costs | Other | Total noncurrent regulatory assets | Regulatory Liabilities | Current regulatory liability — Deferred electric energy costs(d) | Plant removal costs | Contract valuation adjustments(c) | Investment tax credit deferrals | Deferred income tax adjustment | Wisconsin overrecovered fuel costs | Nuclear outage costs collected in advance from customers | Low income discount program | Gain on sale of emission allowances | Interest on income tax refunds | Other | Total noncurrent regulatory liabilities |"}
{"_id": "d89a570fc", "title": "", "text": "| December 31 - in millions 2007 2006 | Commercial | Consumer | Commercial real estate | Other | Total |"}
{"_id": "d8ac80a94", "title": "", "text": "| December 31, 2010 2009 | Cash and cash equivalents | Equity securities: | U.S.-based companies | International-based companies | Fixed income securities: | Government bonds | Corporate bonds and debt securities | Mutual, pooled and commingled funds | Hedge funds/limited partnerships | Real estate | Other | Total other postretirement benefit plan assets1 | Pension Benefits | Year Ended December 31, | Service cost | Interest cost | Expected return on plan assets | Amortization of prior service cost (credit) | Amortization of actuarial loss | Net periodic benefit cost (credit) | Settlement charge | Curtailment charge | Special termination benefits1 | Total cost (credit) recognized in the statements of income | Severance pay and benefits | 2010 | Costs incurred | Payments | Noncash and exchange | Accrued balance as of December 31 |"}
{"_id": "d88c5db72", "title": "", "text": "| Company Index November 17, 2011 December 31, 2011 December 31, 2012 December 31, 2013 December 31, 2014 December 31, 2015 | Delphi Automotive PLC -1 | S&P 500 -2 | Automotive Supplier Peer Group -3 | Year Ended September 30, | 2015 | (In millions, except per share data) | Operating Data: | Revenues: | Homebuilding | Financial Services | Inventory and land option charges | Gross profit — Homebuilding | Income (loss) before income taxes: | Homebuilding | Financial Services | Income tax expense (benefit) (1) (2) | Net income | Net income per share: | Basic | Diluted | Cash dividends declared per common share |"}
{"_id": "d8d09a510", "title": "", "text": "Item 11.\nEXECUTIVE COMPENSATION Information with respect to executive compensation required by this Item 11 will be included in PCAs Proxy Statement under the captions Compensation Discussion and Analysis, Executive Officer and Director Compensation (including all subcaptions and tables thereunder) and Board Committees  Compensation Committee and is incorporated herein by reference."}
{"_id": "d86aa3cb6", "title": "", "text": "D. R.  HORTON, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) and $157.9 million as of September 30, 2008 and 2007, respectively.\nDepreciation expense was $53.2 million, $64.3 million and $56.5 million in fiscal 2008, 2007 and 2006, respectively.\nGoodwill Goodwill represents the excess of purchase price over net assets acquired.\nIn accordance with SFAS No.142, Goodwill and Other Intangible Assets, the Company tests goodwill for potential impairment annually as of September 30 or more frequently if an event occurs or circumstances change that indicate the remaining balance of goodwill may not be recoverable.\nIn analyzing the potential impairment of goodwill, SFAS No.142 prescribes a two-step process that begins with the estimation of the fair value of the reporting units.\nIf the results of the first step indicate that impairment potentially exists, the second step is performed to measure the amount of the impairment, if any.\nImpairment is determined to exist when the estimated fair value of goodwill is less than its carrying value.\nSee Note D.  Warranty Costs The Company typically provides its homebuyers a one-year comprehensive limited warranty for all parts and labor and a ten-year limited warranty for major construction defects.\nSince the Company subcontracts its homebuilding work to subcontractors who typically provide it with an indemnity and a certificate of insurance prior to receiving payments for their work, claims relating to workmanship and materials are generally the primary responsibility of the subcontractors.\nWarranty liabilities have been established by charging cost of sales for each home delivered.\nThe amounts charged are based on managements estimate of expected warranty-related costs under all unexpired warranty obligation periods.\nThe Companys warranty liability is based upon historical warranty cost experience in each market in which it operates and is adjusted as appropriate to reflect qualitative risks associated with the types of homes built and the geographic areas in which they are built.\nChanges in the Companys warranty liability were as follows:"}
{"_id": "d8ab97aa6", "title": "", "text": "| Years Ended November 30, | 2006 | (Dollars in thousands) | Revenues | Costs and expenses | Operating earnings from continuing operations | Dollar value of mortgages originated | Number of mortgages originated | Mortgage capture rate of Lennar homebuyers | Number of title and closing service transactions | Number of title policies issued |"}
{"_id": "d8cf9f3ae", "title": "", "text": "| December 31 2005 2004 | (In millions) | Gross Case Reserves | Gross IBNR Reserves | Total Gross Carried Claim and Claim Adjustment Expense Reserves | Net Case Reserves | Net IBNR Reserves | Total Net Carried Claim and Claim Adjustment Expense Reserves |"}
{"_id": "d8e8a65c8", "title": "", "text": "| 2012 2011 | December 31,(in millions,except ratios) | Home equity | Prime mortgage | Subprime mortgage | Option ARMs |"}
{"_id": "d89018320", "title": "", "text": "| (In millions) 2008 2007 2006 | E&P | United States | International | Total E&P | OSM | RM&T | IG | Corporate | Total |"}
{"_id": "d878e1b98", "title": "", "text": "| Pension and Postretirement Amounts Gains (Losses) on Derivative Instruments Unrealized Holding Gains on Available for-Sale Securities Foreign Currency Translation Adjustments Total Accumulated Other Comprehensive Earnings (Loss) | 2016 | Balance at December 27, 2015 | Current period other comprehensive earnings (loss) | Reclassifications from AOCE to earnings | Balance at December 25, 2016 | 2015 | Balance at December 28, 2014 | Current period other comprehensive earnings (loss) | Reclassifications from AOCE to earnings | Balance at December 27, 2015 | 2014 | Balance at December 29, 2013 | Current period other comprehensive earnings (loss) | Reclassifications from AOCE to earnings | Balance at December 28, 2014 |"}
{"_id": "d8b7f735a", "title": "", "text": "| December 31 | (Dollars in millions) | Tier 1 Capital | Total shareholders’ equity | Goodwill | Nonqualifying intangible assets-1 | Effect of net unrealized (gains) losses on AFS debt and marketable equity securities and net (gains) losses on derivatives recorded in accumulated OCI,net-of-tax | Unamortized net periodic benefit costs recorded in accumulated OCI, net-of-tax | Trust securities | Other | Total Tier 1 Capital | Long-term debt qualifying as Tier 2 Capital | Allowance for loan and lease losses | Reserve for unfunded lending commitments | Other-2 | Total Capital |"}
{"_id": "d86c11652", "title": "", "text": "| Year EndedDecember 31, Year EndedDecember 31, | 2014 | (In $ millions, except percentages) | Net sales | Net Sales Variance | Volume | Price | Currency | Other | Other (charges) gains, net | Operating profit (loss) | Operating margin | Equity in net earnings (loss) of affiliates | Depreciation and amortization |"}
{"_id": "d8145f30a", "title": "", "text": "| Payments Due by Period | Total | (Thousands of Dollars) | Long-term debt, principal and interest payments | Capital lease obligations | Operating leases(a),(b) | Unconditional purchase obligations | Other long-term obligations — WYCO investment | Other long-term obligations(c) | Payments to vendors in process | Short-term debt | Total contractual cash obligations(d) |"}
{"_id": "d883db8d2", "title": "", "text": "| Before Application of Statement 158 Adjustments After Application of Statement 158 | Other assets | Other liabilities | Deferred and accrued income taxes | Accumulated other comprehensive income | Shareholders’ equity |"}
{"_id": "d880385cc", "title": "", "text": "| Years ended December 31, 2009 2008 Incrementalchange | NUMERATOR: | Operating income | Depreciation and amortization | Currency translation-1 | Incremental adjusted operating income plus depreciation and amortization (atconstant foreign exchange rates) | DENOMINATOR: | Weighted–average adjusted cash used for investing activities-2 | Currency translation-1 | Weighted–average adjusted cash used for investing activities (at constant foreign exchange rates) | One-year ROIIC-3 |"}
{"_id": "d897bc8ce", "title": "", "text": "REINSURANCE AND TRUST AGREEMENTS Certain subsidiaries of Group have established trust agreements, which effectively use the Company’s investments as collateral, as security for assumed losses payable to certain non-affiliated ceding companies.\nAt December 31, 2015, the total amount on deposit in trust accounts was $454,384 thousand.\nOn April 24, 2014, the Company entered into two collateralized reinsurance agreements with Kilimanjaro Re Limited (“Kilimanjaro”), a Bermuda based special purpose reinsurer, to provide the Company with catastrophe reinsurance coverage.\nThese agreements are multi-year reinsurance contracts which cover specified named storm and earthquake events.\nThe first agreement provides up to $250,000 thousand of reinsurance coverage from named storms in specified states of the Southeastern United States.\nThe second agreement provides up to $200,000 thousand of reinsurance coverage from named storms in specified states of the Southeast, Mid-Atlantic and Northeast regions of the United States and Puerto Rico as well as reinsurance coverage from earthquakes in specified states of the Southeast, Mid-Atlantic, Northeast and West regions of the United States, Puerto Rico and British Columbia.\nOn November 18, 2014, the Company entered into a collateralized reinsurance agreement with Kilimanjaro Re to provide the Company with catastrophe reinsurance coverage.\nThis agreement is a multi-year reinsurance contract which covers specified earthquake events.\nThe agreement provides up to $500,000 thousand of reinsurance coverage from earthquakes in the United States, Puerto Rico and Canada.\nOn December 1, 2015 the Company entered into two collateralized reinsurance agreements with Kilimanjaro Re to provide the Company with catastrophe reinsurance coverage.\nThese agreements are multi-year reinsurance contracts which cover named storm and earthquake events.\nThe first agreement provides up to $300,000 thousand of reinsurance coverage from named storms and earthquakes in the United States, Puerto Rico and Canada.\nThe second agreement provides up to $325,000 thousand of reinsurance coverage from named storms and earthquakes in the United States, Puerto Rico and Canada.\nKilimanjaro has financed the various property catastrophe reinsurance coverage by issuing catastrophe bonds to unrelated, external investors.\nOn April 24, 2014, Kilimanjaro issued $450,000 thousand of notes (“Series 2014-1 Notes”).\nOn November 18, 2014, Kilimanjaro issued $500,000 thousand of notes (“Series 2014-2 Notes”).\nOn December 1, 2015, Kilimanjaro issued $625,000 thousand of notes (“Series 2015-1 Notes).\nThe proceeds from the issuance of the Series 2014-1 Notes, the Series 2014-2 Notes and the Series 2015-1 Notes are held in reinsurance trust throughout the duration of the applicable reinsurance agreements and invested solely in US government money market funds with a rating of at least “AAAm” by Standard & Poor’s."}
{"_id": "d8ad377ee", "title": "", "text": "| Quoted Prices in Active Markets for Identified Assets (Level1) Significant Other Observable Inputs (Level 2) Significant Other Unobservable Inputs (Level 3) Total | Cash and cash equivalents | Equity securities: | U.S. large capitalization | U.S. small and mid-capitalization | International | Debt securities: | Corporate bonds | Municipal bonds | U.S. treasury and agency securities | Asset-backed securities | Other | Total | Plus: Medical benefit assets at December 31(a) | Less: Net payables at December31(b) | Fair value of postretirement benefit plans assets at year end | Net Cash Provided byOperating Activities | 2018 | Ameren | Ameren Missouri | Ameren Illinois |"}
{"_id": "d87d15dd6", "title": "", "text": "SVB FINANCIAL GROUP AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Continued) To the extent that a stock award is made from this reserve, in the form of a stock bonus award, restricted stock purchase agreement or restricted stock unit, the 1,784,765 share reserve will be reduced by an amount equal to two times the number of shares subject to that award.\nFurther, if shares acquired from the 1,784,765 share reserve pursuant to a stock bonus award, restricted stock purchase agreement or restricted stock unit are forfeited, two times the shares so forfeited will return to the 1,784,765 share reserve and will again become available for issuance.\nThe 1997 Plan provides for the granting of shares of our common stock to directors, employees, and non employees.\nShares granted under this plan may be subject to certain vesting requirements and resale restrictions (“restricted stock”).\nFor the years ended December 31, 2005 and 2004, we made restricted stock awards and granted restricted stock units for 174,811 shares of restricted stock at a weighted-average fair value of $45.13 per share and 156,025 shares at a weighted-average fair value of $36.81 per share, respectively.\nAt December 31, 2005, there were 252,068 shares of restricted stock outstanding, the vesting of these shares occurs on various dates through the years ending December 31, 2006, 2007, and 2008.\nWe recognized $7.1 million, $3.6 million and $1.1 million in employee and non-employee stock-based compensation costs resulting from the amortization of unearned compensation related to restricted stock and other miscellaneous employee and non-employee stock awards for the years ended December 31, 2005, 2004, and 2003, respectively.\nIf compensation cost related to both our stock option awards to employees and directors and to the ESPP had been determined under the fair value method prescribed under SFAS No.123, our net income would have been reduced by $17.1 million, $19.8 million and $19.0 million, for the years ended December 31, 2005, 2004, and 2003, respectively.\nThe fair value of the stock option grants used in determining the pro forma net income and the basic and diluted earnings per share amounts were estimated using the Black-Scholes single option-pricing model with the following average assumptions for the years ended December 31, 2005, 2004, and 2003:"}
{"_id": "d86c4fe48", "title": "", "text": "Table of Contents Foreign Exchange Forward and Foreign Currency Option Contracts We enter into foreign exchange forward contracts and foreign currency option contracts with clients involved in foreign activities, either as the purchaser or seller, depending upon the clients’ need.\nFor each forward or option contract entered into with our clients, we enter into an opposite way forward or option contract with a correspondent bank, which mitigates the risk of fluctuations in currency rates.\nWe also enter into forward contracts with correspondent banks to economically reduce our foreign exchange exposure related to certain foreign currency denominated instruments.\nRevaluations of foreign currency denominated instruments are recorded on the line item “Other” as part of noninterest income, a component of consolidated net income.\nWe have not experienced nonperformance by any counterparty to such forward or option contracts and therefore have not incurred any related losses.\nFurther, we anticipate performance by all counterparties.\nOur net exposure for foreign exchange forward and foreign currency option contracts at December 31, 2014 and 2013 amounted to $1.1 million and $2.9 million , respectively.\nFor additional information on our foreign exchange forward contracts and foreign currency option contracts, see Note 13–“Derivative Financial Instruments” of the “Notes to the Consolidated Financial Statements” under Part II, Item 8 in this report.\nInterest Rate Derivatives For information on our interest rate derivatives, please refer to Note 13–“Derivative Financial Instruments” of the “Notes to Consolidated Financial Statements” under Part II, Item 8 in this report."}
{"_id": "d8c3377b0", "title": "", "text": "| Company Index November 17, 2011 December 31, 2011 December 31, 2012 December 31, 2013 | Delphi Automotive PLC -1 | S&P 500 -2 | Automotive Supplier Peer Group -3 | Higher Risk Loans (a) | December 31, 2010 – dollars in millions | Home equity (b) | Residential real estate (c) | Total (d) | Credit Card (a) | Dollars in millions | December 31, 2011 | FICO score greater than 719 | 650 to 719 | 620 to 649 | Less than 620 | No FICO score available or required (c) | Total loans using FICO credit metric | Consumer loans using other internal credit metrics (b) | Total loan balance | Weighted-average current FICO score (d) | December 31, 2010 | FICO score greater than 719 | 650 to 719 | 620 to 649 | Less than 620 | No FICO score available or required (c) | Total loans using FICO credit metric | Consumer loans using other internal credit metrics (b) | Total loan balance | Weighted-average current FICO score (d) |"}
{"_id": "d8ba7634c", "title": "", "text": "| 2012 2011 | (In millions) | Beginning balance at January 1 | Dispositions | Ending balance at December 31 | 2012 | (In millions) | Asset retirement obligations at January 1 | Liabilities incurred | Liabilities settled or disposed of | Accretion expense | Revisions of estimated liabilities | Foreign currency translation | Asset retirement obligations at December 31 | Less: Current obligations | Long-term obligations at December 31 |"}
{"_id": "d85e7988c", "title": "", "text": "| December 31, 2008 | Total   Balance   Sheet | (In millions) | Assets: | Premiums and other receivables | Deferred policy acquisition costs and value of business acquired | Total assets | Liabilities: | Future policy benefits | Policyholder account balances | Other policyholder funds | Other liabilities | Total liabilities |"}
{"_id": "d8694b8a0", "title": "", "text": "Product Acquisitions In June 2008, we entered into a licensing and development agreement with TransPharma Medical Ltd.  (TransPharma) to acquire rights to its product and related drug delivery system for the treatment of osteoporosis.\nThe product, which is administered transdermally using TransPharmas proprietary technology, was in Phase II clinical testing, and had no alternative future use.\nUnder the arrangement, we also gained non-exclusive access to TransPharmas ViaDerm drug delivery system for the product.\nAs with many development-phase products, launch of the"}
{"_id": "d89a6e9fa", "title": "", "text": "2019 versus 2018 Net sales increased $139.1 million, or 1.5%, to $9.5 billion for the fiscal year 2019, from $9.3 billion for the fiscal year 2018.\nThe impact of currency translation resulted in a decrease of $368.9 million or 4.0%, somewhat offset by Bemis sales for the partial month of June of $215.4 million.\nThe growth in the legacy Amcor net sales revenue excluding currency impact of $292.6m or 3.1% was driven largely by favorable pricing of 2.3%, mainly from passing through higher raw material costs and inflation related costs in both the Flexibles and Rigid Packaging reporting segments and volume/mix impacts of 0.8%.\nNet income attributable to Amcor plc decreased by $145.0 million, or 25.2%, to $430.2 million for the fiscal year 2019, from $575.2 million for the fiscal year 2018.\nNet income for fiscal year 2019 was impacted by material acquisitions and other costs of $143.1 million, Rigid Packaging reporting segment restructuring expense of $64.1 million, highly inflationary accounting impacts of $30.2 million and other non-recurring items.\nAdjusted net income of $729.5 million excluding these non-recurring items was up 4.6% on a reported basis and 9% after excluding the impact of currency.\nDiluted EPS decreased to $0.36 for the fiscal year 2019, from $0.49 for the fiscal year 2018, with net income attributable to ordinary shareholders decreasing 25.2% and the diluted weighted average number of shares outstanding increased 1.9%.\nEPS was impacted by the after tax impact of the non-recurring items referred to above.2018 versus 2017 Net sales increased $218.1 million, or 2.4%, to $9.3 billion for the fiscal year 2018, from $9.1 billion for the fiscal year 2017.\nThe impact of currency translation resulted in an increase of $275.1 million, or 3.0%, compared to fiscal year 2017.\nThe decrease in net sales revenue excluding currency impact $57.0 million, or 0.6%, was driven largely by a 2.1% reduction in volume/mix, mainly in the Rigid Packaging reporting segment, partially offset by favorable pricing of 0.6%, mainly from passing through higher raw material costs in both the Flexibles and Rigid Packaging reporting segments and benefits from acquisitions in the Rigid Packaging reporting segment of 0.6%."}
{"_id": "d8e04a7c6", "title": "", "text": "changes to the loan arrangements including, but not limited to, amortization, collateral, guarantees, and covenants.\nAll Classified commercial loans are managed by our SAD.\nThe SAD is a specialized credit group that handles the day-to-day management of workouts, commercial recoveries, and problem loan sales.\nIts responsibilities include developing action plans, assessing risk ratings, and determining the adequacy of the reserve, the accrual status, and the ultimate collectability of the Classified loan portfolio.\nOur commercial loan portfolio, including CRE loans, is diversified by customer size, as well as geographically throughout our footprint.\nDuring 2009, we engaged in a large number of enhanced portfolio management initiatives, including a review to ensure the appropriate classification of CRE loans.\nThe results of this initiative included reclassifications in 2009 totaling $1.4 billion that increased C&I loan balances, and correspondingly decreased CRE loan balances, primarily representing owner-occupied properties.\nWe believe the changes provide improved visibility and clarity to us and our investors.\nWe have continued this active portfolio management process throughout 2010, primarily focusing on improving our ability to identify changing conditions at the borrower level, which in most cases, significantly improved the outcome.\nThis process allows us to provide clarity regarding the credit trends in our portfolios.\nCertain segments of our commercial loan portfolio are discussed in further detail below: C&I PORTFOLIO The C&I portfolio is comprised of loans to businesses where the source of repayment is associated with the on-going operations of the business.\nGenerally, the loans are secured with the financing of the borrowers assets, such as equipment, accounts receivable, or inventory.\nIn many cases, the loans are secured by real estate, although the operation, sale, or refinancing of the real estate is not a primary source of repayment for the loan.\nFor loans secured by real estate, appropriate appraisals are obtained at origination and updated on an as needed basis in compliance with regulatory requirements.\nThere were no outstanding commercial loans considered an industry or geographic concentration of lending.\nCurrently, higher-risk segments of the C&I portfolio include loans to borrowers supporting the home building industry, contractors, and automotive suppliers.\nWe manage the risks inherent in this portfolio through origination policies, concentration limits, on-going loan level reviews, recourse requirements, and continuous portfolio risk management activities.\nOur origination policies for this portfolio include loan product-type specific policies such as LTV and debt service coverage ratios, as applicable.\nC&I borrowers have been challenged by the weak economy, and some borrowers may no longer have sufficient capital to withstand the extended stress.\nAs a result, these borrowers may not be able to comply with the original terms of their credit agreements.\nWe continue to focus attention on the portfolio management process to proactively identify borrowers that may be facing financial difficulty to assess all potential solutions.\nThe impact of the economic environment is further evidenced by the level of line-of-credit activity, as borrowers continued to maintain relatively low utilization percentages over the past 12 months.\nAs shown in the following table, C&I loans totaled $13.1 billion at December 31, 2010: Table 16  Commercial and Industrial Loans and Leases by Class"}
{"_id": "d8b68d78a", "title": "", "text": "| 2008 2007 | Retained Earnings | As previously reported | Minority interest (noncontrolling interests) in consolidated subsidiaries | Fair value of noncontrolling interest the Company is required to purchase | As adjusted |"}
{"_id": "d8c756bd4", "title": "", "text": "Entergy Corporation and Subsidiaries Notes to Financial Statements The FERC proceedings that resulted from rate filings made in 2007, 2008, and 2009 have been resolved by various orders issued by the FERC and appellate courts.\nSee below for a discussion of rate filings since 2009 and the comprehensive recalculation filing directed by the FERC in the proceeding related to the 2010 rate filing.2010 Rate Filing Based on Calendar Year 2009 Production Costs In May 2010, Entergy filed with the FERC the 2010 rates in accordance with the FERC’s orders in the System Agreement proceeding, and supplemented the filing in September 2010.\nSeveral parties intervened in the proceeding at the FERC, including the LPSC and the City Council, which also filed protests.\nIn July 2010 the FERC accepted Entergy’s proposed rates for filing, effective June 1, 2010, subject to refund, and set the proceeding for hearing and settlement procedures.\nSettlement procedures have been terminated, and the ALJ scheduled hearings to begin in March 2011.\nSubsequently, in January 2011 the ALJ issued an order directing the parties and FERC Staff to show cause why this proceeding should not be stayed pending the issuance of FERC decisions in the prior production cost proceedings currently before the FERC on review.\nIn March 2011 the ALJ issued an order placing this proceeding in abeyance.\nIn October 2013 the FERC issued an order granting clarification and denying rehearing with respect to its October 2011 rehearing order in this proceeding.\nThe FERC clarified that in a bandwidth proceeding parties can challenge erroneous inputs, implementation errors, or prudence of cost inputs, but challenges to the bandwidth formula itself must be raised in a Federal Power Act section 206 complaint or section 205 filing.\nSubsequently in October 2013 the presiding ALJ lifted the stay order holding in abeyance the hearing previously ordered by the FERC and directing that the remaining issues proceed to a hearing on the merits.\nThe hearing was held in March 2014 and the presiding ALJ issued an initial decision in September 2014.\nBriefs on exception were filed in October 2014.\nIn December 2015 the FERC issued an order affirming the initial decision in part and rejecting the initial decision in part.\nAmong other things, the December 2015 order directs Entergy Services to submit a compliance filing, the results of which may affect the rough production cost equalization filings made for the June - December 2005, 2006, 2007, and 2008 test periods.\nIn January 2016 the LPSC, the APSC, and Entergy Services filed requests for rehearing of the FERC’s December 2015 order.\nIn February 2016, Entergy Services submitted the compliance filing ordered in the December 2015 order.\nThe result of the true-up payments and receipts for the recalculation of production costs resulted in the following payments/receipts among the Utility operating companies:"}
{"_id": "d8cd63f2c", "title": "", "text": "| (in 000s) | Acquisition cost of underlying mortgage loans | Fair values: | Net proceeds: | Cash received | Less repurchase reserves | Beneficial interest in Trusts | MSRs | $1,022,000 | Computation of gain on sale: | Net proceeds | Less allocated cost ($995,000 / $1,022,000 x $1,000,000) | Recorded gain on sale | Recorded beneficial interest in Trusts($20,000 / $1,022,000 x $1,000,000) | Recorded value of MSRs ($7,000 / $1,022,000 x $1,000,000) | Recorded liability for repurchase reserves | Carrying Value at | April 30, 2007 | Mortgage loans held for investment | Mortgage loans held for sale | Residual interests in securitizations – AFS | Residual interests in securitizations – trading | Beneficial interest in Trusts – trading | Mortgage-backed securities | Fixed-income – trading (net) | Interest rate swaps | Investments at captive insurance subsidiary | Put options on Eurodollar futures | Carrying Value at | April 30, 2006 | Mortgage loans held for investment | Mortgage loans held for sale | Beneficial interest in Trusts – trading | Residual interests in securitizations – AFS | Fixed-income – trading (net) | Interest rate swaps | Investments at captive insurance subsidiary | Put options on Eurodollar futures | Forward loan sale commitments |"}
{"_id": "d8734bc56", "title": "", "text": "The decrease in payments on long-term debt in 2015 reflects the 2014 pay-off of our $15.0 million 7.34% Notes and $275.0 million 4.45% Senior Notes with borrowings under our CP program.\nThe debt issuance costs in 2016 and 2015 reflect the debt issuance costs paid in connection with the new Senior Credit Facilities entered into in May 2016 and November 2015, respectively.\nDebt Covenants.\nThe outstanding indentures and comparable instruments contain customary covenants including, for example, limits on secured debt and sale/ leaseback transactions.\nIn addition, the Senior Credit Facilities require us to maintain a maximum leverage ratio of not more than 3.5 to 1.0.\nAs permitted under the terms of the Senior Credit Facilities, we made the election to increase the covenant to 4.0 to 1.0, effective for four consecutive quarters, beginning with the first quarter of 2016 and continuing through the fourth quarter of 2016.\nNone of these covenants are considered restrictive to our operations and, as of December 31, 2016, the Company was in compliance with all of our debt covenants.\nThe Company does not have any credit rating triggers that would accelerate the maturity of a material amount of the outstanding debt; however, the 6.3% Senior Notes due 2017, 2.3% Senior Notes due 2021, 3.3% Senior Notes due 2022, 3.25% Senior Notes due 2026 and 7.0% Senior Notes due 2037 (together, the Senior Notes) contain change in control provisions.\nIf the Company experiences a change of control or publicly announces the Companys intention to effect a change of control and the rating on the senior notes is lowered by Standard & Poors, or S&P, and Moodys Investors Service, or Moodys, below an investment grade rating within 60 days of such change of control or notice thereof, then the Company will be required to offer to repurchase the senior notes at a price equal to 101% of the aggregate principal amount of the senior notes plus accrued and unpaid interest.\nCredit Ratings.\nCredit ratings reflect an independent agencys judgment on the likelihood that a borrower will repay a debt obligation at maturity.\nThe ratings reflect many considerations, such as the nature of the borrowers industry and its competitive position, the size of the company, its liquidity and access to capital and the sensitivity of a companys cash flows to changes in the economy.\nThe two largest rating agencies, S&P and Moodys, use alphanumeric codes to designate their ratings.\nThe highest quality rating for long-term credit obligations is AAA and Aaa for S&P and Moodys, respectively.\nA security rating is not a recommendation to buy, sell or hold securities and may be subject to revision or withdrawal at any time by the assigning rating agency.\nLong-term ratings of BBB- and Baa3 or better by S&P and Moodys, respectively, reflect ratings on debt obligations that fall within a band of credit quality considered to be investment grade.\nAt December 31, 2016, the long-term ratings for our obligations were BBB+ and Baa1, which are consistent with the ratings and outlooks which existed at December 31, 2015.\nA downgrade in our credit rating would increase the cost of borrowings under our CP program and credit facilities, and could limit, or in the case of a significant downgrade, preclude our ability to issue CP.\nIf our credit ratings were to decline to lower levels, we could experience increases in the interest cost for any new debt.\nIn addition, the markets demand for, and thus our ability to readily issue, new debt could become further affected by the economic and credit market environment.\nFor additional information about our debt, including the terms of our financing arrangements, basis for variable interest rates and debt covenants, see Note 5 of the Notes to Consolidated Financial Statements in this report."}
{"_id": "d8cdeb1ac", "title": "", "text": "We hold an interest rate swap agreement to hedge the benchmark interest rate of our $375 million 5.0% senior unsecured notes due July 1, 2014.\nThe effect of the swap is to convert our 5.0% fixed interest rate to a variable interest rate based on the three-month LIBOR plus 2.05% (2.42% as of October 29, 2011).\nIn addition, we have a term loan facility of $145 million that bears interest at a fluctuating rate for each period equal to the LIBOR rate corresponding with the tenor of the interest period plus a spread of 1.25% (1.61% as of October 29, 2011).\nIf LIBOR increases by 100 basis points, our annual interest expense would increase by approximately $5 million.\nHowever, this hypothetical change in interest rates would not impact the interest expense on our $375 million of 3% fixed-rate debt, which is not hedged.\nAs of October 30, 2010, a similar 100 basis point increase in LIBOR would have resulted in an increase of approximately $4 million to our annual interest expense.\nForeign Currency Exposure As more fully described in Note 2i in the Notes to Consolidated Financial Statements contained in Item 8 of this Annual Report on Form 10-K, we regularly hedge our non-U.\nS.  dollar-based exposures by entering into forward foreign currency exchange contracts.\nThe terms of these contracts are for periods matching the duration of the underlying exposure and generally range from one month to twelve months.\nCurrently, our largest foreign currency exposure is the Euro, primarily because our European operations have the highest proportion of our local currency denominated expenses.\nRelative to foreign currency exposures existing at October 29, 2011 and October 30, 2010, a 10% unfavorable movement in foreign currency exchange rates over the course of the year would expose us to approximately $6 million in losses in earnings or cash flows.\nThe market risk associated with our derivative instruments results from currency exchange rates that are expected to offset the market risk of the underlying transactions, assets and liabilities being hedged.\nThe counterparties to the agreements relating to our foreign exchange instruments consist of a number of major international financial institutions with high credit ratings.\nBased on the credit ratings of our counterparties as of October 29, 2011, we do not believe that there is significant risk of nonperformance by them.\nWhile the contract or notional amounts of derivative financial instruments provide one measure of the volume of these transactions, they do not represent the amount of our exposure to credit risk.\nThe amounts potentially subject to credit risk (arising from the possible inability of counterparties to meet the terms of their contracts) are generally limited to the amounts, if any, by which the counterparties obligations under the contracts exceed our obligations to the counterparties."}
{"_id": "d87534630", "title": "", "text": "CONSOLIDATED RESULTS OF OPERATIONS The following section provides a comparative discussion of JPMorgan Chases Consolidated results of operations on a reported basis for the three-year period ended December 31, 2007.\nFactors that relate primarily to a single business segment are discussed in more detail within that business segment than they are in this consolidated section.\nFor a discussion of the Critical accounting estimates used by the Firm that affect the Consolidated results of operations, see pages 9698 of this Annual Report."}
{"_id": "d8e1b1cb8", "title": "", "text": "| Year Ended December 31, | 2010 | Risk-free interest rate | Weighted average volatility | Dividend yield | Expected years until exercise |"}
{"_id": "d87ab1a18", "title": "", "text": "(a) Includes $917 million and $454 million of commercial specific and commercial expected loss components, respectively, at December 31, 2003.\nIncludes $1.6 billion and $613 million of commercial specific and commercial expected loss components, respectively, at December 31, 2002.\n(b) Includes $172 million and $105 million of commercial specific and commercial expected loss components, respectively, at December 31, 2003.\nIncludes $237 million and $87 million of commercial specific and commercial expected loss components, respectively, at December 31, 2002.\n(c) Includes $138 million related to the transfer of the allowance for accrued interest and fees on securitized credit card loans.\nCredit ratings The cost and availability of financing are influenced by credit ratings.\nReductions in these ratings could have an adverse effect on the Firms access to liquidity sources, increase the cost of funds, trigger additional collateral or funding requirements and decrease the number of investors and counterparties willing to lend to the Firm.\nAdditionally, the Firms funding requirements for VIEs and other thirdparty commitments may be adversely affected by a decline in credit ratings.\nFor additional information on the impact of a credit ratings downgrade on the funding requirements for VIEs, and on derivatives and collateral agreements, see Special-purpose entities on page 109, and Credit risk, liquidity risk and credit-related contingent features in Note 5 on pages 224225, of this Annual Report.\nCritical factors in maintaining high credit ratings include a stable and diverse earnings stream, strong capital ratios, strong credit quality and risk management controls, diverse funding sources, and disciplined liquidity monitoring procedures.\nThe credit ratings of the parent holding company and certain of the Firms significant operating subsidiaries as of December 31, 2012, were as follows."}
{"_id": "d88bf5432", "title": "", "text": "| Millions Dec. 31,2012 Dec. 31,2011 | Accounts payable | Accrued wages and vacation | Income and other taxes | Dividends payable | Accrued casualty costs | Interest payable | Equipment rents payable | Other | Total accounts payable and othercurrent liabilities |"}
{"_id": "d89c7a122", "title": "", "text": "| 2017 2016 | Balance, beginning of year | Goodwill acquired as part of acquisition | Working capital settlement | Impairment loss | Balance, end of year |"}
{"_id": "d896ad38e", "title": "", "text": "| For the Year Ended December 31, 2015 For the Year Ended December 31, 2014 | (Millions of Dollars) | Operating revenues | Purchased power | Fuel | Gas purchased for resale | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Operating income |"}
{"_id": "d8a3e1b4a", "title": "", "text": "Interest Margin Interest margin, which represents the difference between interest earned and interest credited to policyholder account balances, decreased in the Institutional and Individual segments for the year ended December 31, 2006 as compared to the prior year.\nInterest earned approximates net investment income on investable assets attributed to the segment with minor adjustments related to the consolidation of certain separate accounts and other minor non-policyholder elements.\nInterest credited is the amount attributed to insurance products, recorded in policyholder benefits and claims, and the amount credited to policyholder account balances for investment-type products, recorded in interest credited to policyholder account balances.\nInterest credited on insurance products reflects the current period impact of the interest rate assumptions established at issuance or acquisition.\nInterest credited to policyholder account balances is subject to contractual terms, including some minimum guarantees.\nThis tends to move gradually over time to reflect market interest rate movements and may reflect actions by management to respond to competitive pressures and, therefore, generally does not introduce volatility in expense."}
{"_id": "d897544ea", "title": "", "text": "| Balance at Beginning of Period Goodwill Acquired During the Year Foreign Currency Translation Balance at End of Period | Year Ended December 31, 2003 | Food Packaging | Protective and Specialty Packaging | Total | Year Ended December 31, 2002 | Food Packaging | Protective and Specialty Packaging | Total |"}
{"_id": "d887d2d46", "title": "", "text": "| 2008 % Change 2007 % Change 2006 | Net Revenues | U.S. and Canada | International | Operating Profit | U.S. and Canada | International |"}
{"_id": "d89a9cecc", "title": "", "text": "| Commitment Expires | TotalCommitment | Standby letters of credit | Guarantees | $119.9 |"}
{"_id": "d8f55a60c", "title": "", "text": "| Years Ended December 31, | (Dollars in thousands) | Interest expense incurred |"}
{"_id": "d8a27a4f0", "title": "", "text": "$239 million, respectively, at December 31, 2015.\nThe fair value of the Companys interest reflected the PennyMac stock price at December 31, 2016 and 2015, respectively (a Level 1 input).\nThe Company performed an other-thantemporary impairment analysis as of December 31, 2016 and determined the decline in fair value below the carrying value to be temporary.12.\nBorrowings Short-Term Borrowings 2016 Revolving Credit Facility.\nThe Companys credit facility has an aggregate commitment amount of $4.0 billion and was amended in April 2016 to extend the maturity date to March 2021 (the 2016 credit facility).\nThe 2016 credit facility permits the Company to request up to an additional $1.0 billion of borrowing capacity, subject to lender credit approval, increasing the overall size of the 2016 credit facility to an aggregate principal amount not to exceed $5.0 billion.\nInterest on borrowings outstanding accrues at a rate based on the applicable London Interbank Offered Rate plus a spread.\nThe 2016 credit facility requires the Company not to exceed a maximum leverage ratio (ratio of net debt to earnings before interest, taxes, depreciation and amortization, where net debt equals total debt less unrestricted cash) of 3 to 1, which was satisfied with a ratio of less than 1 to 1 at December 31, 2016.\nThe 2016 credit facility provides back-up liquidity to fund ongoing working capital for general corporate purposes and various investment opportunities.\nAt December 31, 2016, the Company had no amount outstanding under the 2016 credit facility.\nCommercial Paper Program.\nThe Company can issue unsecured commercial paper notes (the CP Notes) on a private-placement basis up to a maximum aggregate amount outstanding at any time of $4.0 billion.\nThe commercial paper program is currently supported by the 2016 credit facility.\nAt December 31, 2016, BlackRock had no CP Notes outstanding.\nLong-Term Borrowings The carrying value and fair value of long-term borrowings estimated using market prices and foreign exchange rates at December 31, 2016 included the following:"}
{"_id": "d8cfea0c0", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | 2016 | Attritional | Catastrophes | Total segment | 2015 | Attritional | Catastrophes | Total segment | 2014 | Attritional | Catastrophes | Total segment | Variance 2016/2015 | Attritional | Catastrophes | Total segment | Variance 2015/2014 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8c93dd30", "title": "", "text": "| Fiscal Years Ended | September 30,2011 | (dollars in thousands) | Research and development | % of net revenue |"}
{"_id": "d8d4e165a", "title": "", "text": "| Employee Stock Options Non-employee Stock Options | Shares | Outstanding at December 31, 2004 | Granted | Exercised | Forfeited | Expired | Transferred | Outstanding at December 31, 2005 | Granted | Exercised | Forfeited | Expired | Transferred | Outstanding at December 31, 2006 | Granted | Exercised | Forfeited | Expired | Transferred | Outstanding at December 31, 2007 | Vested and expected to vest at December 31, 2007 | Exercisable at December 31, 2007 |"}
{"_id": "d878b8018", "title": "", "text": "| December 31, 2004 $1,054 | December 31, 2005 | December 31, 2006 | December 31, 2007 |"}
{"_id": "d887a475c", "title": "", "text": "| Balance, November 1, 2008 $13,750 | Additions for tax positions of 2009 | Balance, October 31, 2009 | Additions for tax positions of 2010 | Balance, October 30, 2010 | Additions for tax positions related to prior years | Reductions for tax positions related to prior years | Settlements with taxing authorities | Balance, October 29, 2011 |"}
{"_id": "d8a894b7e", "title": "", "text": "| 2011 2010 2009 | Balance, beginning of year | Sales inducements deferred | Amortization charged to income | Amortization — Unlock | Balance, end of year |"}
{"_id": "d8143a348", "title": "", "text": "| Year Ended December 31, 2017 | (in millions) | Unrecognized tax benefits – January 1 | Unrecognized tax benefits increases (decreases) | Gross increases – tax positions in prior periods | Gross decreases – tax positions in prior periods | Total changes | Unrecognized tax benefits – December 31 | Year Ended December 31, 2016 | (in millions) | Unrecognized tax benefits – January 1 | Unrecognized tax benefits increases (decreases) | Gross increases – tax positions in prior periods | Gross decreases – tax positions in prior periods | Decreases due to settlements | Reduction due to lapse of statute of limitations | Total changes | Unrecognized tax benefits – December 31 | Year Ended December 31, 2015 | (in millions) | Unrecognized tax benefits – January 1 | Unrecognized tax benefits increases (decreases) | Gross increases – tax positions in prior periods | Gross decreases – tax positions in prior periods | Decreases due to settlements | Reduction due to lapse of statute of limitations | Total changes | Unrecognized tax benefits – December 31 | (In Millions) | 2003 net revenue | Volume/weather | Summer capacity charges | Base rates | Deferred fuel cost revisions | Price applied to unbilled sales | Other | 2004 net revenue |"}
{"_id": "d8194e8a2", "title": "", "text": "| $ in millions 2017 2016 2015 2014 2013 | Business combination related: | Employee compensation expense(a) | Transaction and integration expense(b) | Intangible amortization expense(c) | Adjustments to operating income | Change in contingent consideration estimates(d) | Foreign exchange gain related to business acquisitions(e) | Other-than-temporary impairment(f) | Taxation: | Taxation on employee compensation expense(a) | Taxation on transaction and integration(b) | Taxation on amortization(c) | Deferred taxation(g) | Taxation on change in contingent consideration estimates(d) | Taxation on foreign exchange gain related to businessacquisitions(e) | (Income)/loss from discontinued operations, net of taxes(h) | Adjustments to net income attributable to Invesco Ltd. |"}
{"_id": "d88116b42", "title": "", "text": "| Variance | (Dollar amounts in millions) | Net gain (loss) on investments(1) | Private equity | Real estate | Distressed credit/mortgage funds | Hedge funds/funds of hedge funds | Other investments-2 | Sub-total | Investments related to deferred compensation plans | Total net gain (loss) on investments | Interest and dividend income | Interest expense | Net interest expense | Total non-operating income (expense)(1) | Compensation expense related to (appreciation) depreciation on deferred compensation plans | Non-operating income (expense), as adjusted(1) |"}
{"_id": "d8c6e8f94", "title": "", "text": "| December 31, 2010 December 31, 2009 | Cost | (in millions) | Public Equity | Perpetual preferred stocks-1 | Non-redeemable preferred stocks | Common stock | Total public equity | Private Equity | Perpetual preferred stocks-1 | Non-redeemable preferred stocks | Common stock | Total private equity | Total equity |"}
{"_id": "d8d038f4a", "title": "", "text": "The income approach indicates value for an asset or liability based on the present value of cash flow projected to be generated over the remaining economic life of the asset or liability being measured.\nBoth the amount and the duration of the cash flows are considered from a market participant perspective.\nOur estimates of market participant net cash flows considered historical and projected pricing, remaining developmental effort, operational performance including company-specific synergies, aftermarket retention, product life cycles, material and labor pricing, and other relevant customer, contractual and market factors.\nWhere appropriate, the net cash flows are adjusted to reflect the uncertainties associated with the underlying assumptions, as well as the risk profile of the net cash flows utilized in the valuation.\nThe adjusted future cash flows are then discounted to present value using an appropriate discount rate.\nProjected cash flow is discounted at a required rate of return that reflects the relative risk of achieving the cash flows and the time value of money.\nThe market approach is a valuation technique that uses prices and other relevant information generated by market transactions involving identical or comparable assets, liabilities, or a group of assets and liabilities.\nValuation techniques consistent with the market approach often use market multiples derived from a set of comparables.\nThe cost approach, which estimates value by determining the current cost of replacing an asset with another of equivalent economic utility, was used, as appropriate, for property, plant and equipment.\nThe cost to replace a given asset reflects the estimated reproduction or replacement cost, less an allowance for loss in value due to depreciation.\nThe purchase price allocation resulted in the recognition of $2.8 billion of goodwill, all of which is expected to be amortizable for tax purposes.\nSubstantially all of the goodwill was assigned to our RMS business.\nThe goodwill recognized is attributable to expected revenue synergies generated by the integration of our products and technologies with those of Sikorsky, costs synergies resulting from the consolidation or elimination of certain functions, and intangible assets that do not qualify for separate recognition, such as the assembled workforce of Sikorsky.\nDetermining the fair value of assets acquired and liabilities assumed requires the exercise of significant judgments, including the amount and timing of expected future cash flows, long-term growth rates and discount rates.\nThe cash flows employed in the DCF analyses are based on our best estimate of future sales, earnings and cash flows after considering factors such as general market conditions, customer budgets, existing firm orders, expected future orders, contracts with suppliers, labor agreements, changes in working capital, long term business plans and recent operating performance.\nUse of different estimates and judgments could yield different results."}
{"_id": "d8da14866", "title": "", "text": "At December 31, 2010, 175 million shares collectively were authorized for future grants under the Companys share-based compensation plans.\nPrior to the Merger, employee share-based compensation awards were settled primarily with treasury shares.\nSubsequent to the Merger, these awards are either being settled with newly issued shares or treasury shares.\nEmployee stock options are granted to purchase shares of Company stock at the fair market value at the time of grant.\nThese awards generally vest one-third each year over a three-year period, with a contractual term of 7- 10 years.\nRSUs are stock awards that are granted to employees and entitle the holder to shares of common stock as the awards vest.\nThe fair value of the stock option and RSU awards is determined and fixed on the grant date based on the Companys stock price.\nPSUs are stock awards where the ultimate number of shares issued will be contingent on the Companys performance against a pre-set objective or set of objectives.\nThe fair value of each PSU is determined on the date of grant based on the Companys stock price.\nFor RSUs and certain PSUs granted before December 31, 2009 employees participate in dividends on the same basis as common shares and such dividends are nonforfeitable by the holder.\nFor RSUs and PSUs issued on or after January 1, 2010, dividends declared during the vesting period are payable to the employees only upon vesting.\nThe fair value of stock option, RSU and PSU replacement awards was determined and fixed at the time of the Merger.\nOver the PSU performance period, the number of shares of stock that are expected to be issued will be adjusted based on the probability of achievement of a performance target and final compensation expense will be recognized based on the ultimate number of shares issued.\nRSU and PSU distributions will be in shares of Company stock after the end of the vesting or performance period, generally three years, subject to the terms applicable to such awards.\nTotal pretax share-based compensation cost recorded in 2010, 2009 and 2008 was $509 million, $415 million and $348 million, respectively, with related income tax benefits of $173 million, $132 million and $108 million, respectively.\nThe Company uses the Black-Scholes option pricing model for determining the fair value of option grants.\nIn applying this model, the Company uses both historical data and current market data to estimate the fair value of its options.\nThe Black-Scholes model requires several assumptions including expected dividend yield, riskfree interest rate, volatility, and term of the options.\nThe expected dividend yield is based on historical patterns of dividend payments.\nThe risk-free rate is based on the rate at grant date of zero-coupon U. S.  Treasury Notes with a term equal to the expected term of the option.\nExpected volatility is estimated using a blend of historical and implied volatility.\nThe historical component is based on historical monthly price changes.\nThe implied volatility is obtained from market data on the Companys traded options.\nThe expected life represents the amount of time that options granted are expected to be outstanding, based on historical and forecasted exercise behavior.\nThe weighted average grant price of options granted in 2010, 2009 and 2008 was $34.30, $24.31 and $43.35 per option, respectively.\nThe weighted average fair value of options granted in 2010, 2009 and 2008 was $7.99, $4.02 and $9.80 per option, respectively, and were determined using the following assumptions:"}
{"_id": "d8b5f3f9a", "title": "", "text": "| December 31, 2009 December 31,2008 | AAA/Aaa | AA/Aa | A/A | BBB/Baa | Total |"}
{"_id": "d8e0cdba8", "title": "", "text": "Liquidity and Capital Resources The major components of changes in cash flows for 2016, 2015 and 2014 are discussed in the following paragraphs.\nThe following table summarizes our cash flow from operating activities, investing activities and financing activities for the years ended December 31, 2016, 2015 and 2014 (in millions of dollars):"}
{"_id": "d8e92af6c", "title": "", "text": "Restricted Stock Units The 2005 ICP provides for the grant of deferred share units to non-employee directors of the Company and restricted stock units to employees.\nThe director awards are fully vested upon issuance.\nThe deferred share units are settled for Ameriprise Financial common stock upon the director’s termination of service.\nThe employee awards generally vest ratably over three to four years.\nCompensation expense for deferred share units and restricted stock units is based on the market price of Ameriprise Financial stock on the date of grant.\nRestricted stock units granted to employees are amortized on a straight-line basis over the vesting period or accelerated basis due to retirement eligibility.\nDeferred share units granted to non-employee directors are expensed immediately.\nRestricted stock units include units awarded under the DCP.\nAs of December 31, 2010, there were approximately 1.4 million units outstanding of restricted stock units, including deferred share units, of which approximately 1.1 million units were fully vested."}
{"_id": "d879a9e9a", "title": "", "text": "| For the year ended December 31, Increase (decrease) | 2008 | (in millions) | Operating revenues: | Premiums and other considerations | Fees and other revenues | Net investment income | Total operating revenues | Expenses: | Benefits, claims and settlement expenses, including dividends to policyholders | Operating expenses | Total expenses | Operating earnings before income taxes | Income taxes | Operating earnings |"}
{"_id": "d81ad2638", "title": "", "text": "| October 28, 2017 October 29, 2016 | Principal Amount Outstanding | 3-Year term loan | 5-Year term loan | 2021 Notes, due December 2021 | 2023 Notes, due June 2023 | 2023 Notes, due December 2023 | 2025 Notes, due December 2025 | 2026 Notes, due December 2026 | 2036 Notes, due December 2036 | 2045 Notes, due December 2045 |"}
{"_id": "d83b5a0f4", "title": "", "text": "| Due in | 1 Year or Less | (in 000’s) | Commercial Loans | Real Estate Construction Loans | Commercial Real Estate Loans -1 | Residential Mortgage Loans | Consumer Loans | Total Loans |"}
{"_id": "d8dbbb958", "title": "", "text": "Death Benefits (GMDB) For premiums and claims from VA contracts reinsuring GMDBs, at current market levels, we expect approximately $105 million of claims and $91 million of premium on death benefits over the next 12 months.\nGuaranteed Living Benefits (includes GMIB and GMAB) Premiums and claims from VA contracts reinsuring predominantly Guaranteed Minimum Income Benefits (GMIB) and Guaranteed Minimum Accumulation Benefits (GMAB) are collectively known as Guaranteed Living Benefits (GLB).\nSubstantially all of our living benefit reinsurance clients policyholders are currently ineligible to trigger a claim payment.\nThe vast majority of these policyholders become eligible in years 2013 and beyond.\nAt current market levels, we expect approximately $1 million of claims and $149 million of premium on living benefits over the next 12 months.\nCollateral In order for its U. S. -domiciled clients to obtain statutory reserve credit, ACE Tempest Life Re holds collateral on behalf of its clients in the form of qualified assets in trust or letters of credit, in an amount sufficient for them to obtain statutory reserve credit.\nThe timing of the calculation and amount of the collateral varies by client according to the particulars of the reinsurance treaty and the statutory reserve guidelines of the clients state of domicile.\nRefer to Note 4 i) to the Consolidated Financial Statements."}
{"_id": "d8664f688", "title": "", "text": "| 2012 2011 2010 | Revenue | Converters | Amplifiers/Radio frequency | Other analog | Subtotal analog signal processing | Power management & reference | Total analog products | Digital signal processing | Total Revenue |"}
{"_id": "d810dcd4a", "title": "", "text": "| Years Ended December 31, | 2008 | (in millions, except percentages) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | Separation costs | General and administrative expense | Total expenses | Pretax income (loss) | Income tax provision (benefit) | Net income (loss) | Less: Net loss attributable to noncontrolling interests | Net income (loss) attributable to Ameriprise Financial |"}
{"_id": "d860fde14", "title": "", "text": "| Pension Plans | (Millions of dollars) | Service cost | Interest cost | Expected return on plan assets | Amortization of prior service credit | Amortization of loss | Settlements | Net pension cost | Net pension cost included in the preceding table that is attributable to international plans |"}
{"_id": "d8f86df6a", "title": "", "text": "| DATE CITI S&P 500 S&P FINANCIALS | 31-Dec-2011 | 31-Dec-2012 | 31-Dec-2013 | 31-Dec-2014 | 31-Dec-2015 | 31-Dec-2016 |"}
{"_id": "d871e16f4", "title": "", "text": "| 2010 2009 | Revenue | Oilfield Services | Reservoir Characterization | Drilling | Reservoir Production | Eliminations & other | 26,673 | Distribution | 774 | Corporate & other-1 | Interest income-2 | Interest expense-3 | Charges & credits-4 | $27,447 | 2010 | Revenue | Oilfield Services | North America | Latin America | Europe/CIS/Africa | Middle East & Asia | Eliminations & other | 26,673 | Distribution | 774 | Corporate & other-1 | Interest income-2 | Interest expense-3 | Charges & credits-4 | $27,447 |"}
{"_id": "d8a7f563c", "title": "", "text": "| 2006 2005 | Plan Assets | In millions | U.S. defined benefit plans | DPSP | Total |"}
{"_id": "d85fb460c", "title": "", "text": "| International Plan Assets | 2011 | Total | Asset Catergory: | Cash and Cash Equivalents | Equity Securities: | US(a) | International(b) | Debt Securities: | Corporate bonds(c) | Government and government-related(d) | Government agency collateralized mortgage obligations and mortgage backed securities(e) | Other collateralized mortgage obligations and mortgage-backed securities(f) | Alternative Investments: | Private equity(g) | Real estate(h) | Other | Total |"}
{"_id": "d8cfea2fa", "title": "", "text": "| Total Realized/Unrealized Gains (Losses) included in: Purchases, | Other | Balance, | January 1, | (In millions) | Year Ended December 31, 2009: | Pension: | Fixed maturity securities: | Corporate | Foreign bonds | Total fixed maturity securities | Equity securities: | Common stock — domestic | Total equity securities | Pass-through securities | Derivative securities | Other invested assets | Total pension assets | Other postretirement: | Pass-through securities | Total other postretirement assets | Total assets |"}
{"_id": "d8acdf076", "title": "", "text": "(1) Included in other for the fi scal years ended 2002 through 2004 are costs incurred in connection with debt retirements, including $20.4 million of bond tender fees in connection with the 2003 recapitalization and $9.0 million incurred in connection with the redemption of $109.1 million of senior subordinated notes as part of our 2004 IPO.\nOther for 2005 is comprised of a gain recognized on the sale of an equity investment.\n(2) Net income (loss) available to common stockholders for the fi scal years ended 2002 and 2003 is comprised of consolidated net income less cumulative preferred stock dividends and accretion amounts.\n(3) We paid $188.3 million in dividends to shareholders as part of our recapitalization in 2003.\n(4) Same store sales growth is calculated including only sales from stores that also had sales in the comparable period of the prior year, but excluding sales from certain seasonal locations such as stadiums and concert arenas.\nInternational same store sales growth is calculated similarly to domestic same store sales growth.\nChanges in international same store sales are reported on a constant dollar basis which refl ects changes in international local currency sales.\nThe 53rd week in 2004 had no positive or negative impact on reported same store sales growth amounts.\n(5) In connection with our recapitalization in 2003, Domino’s, Inc.  issued and sold $403.0 million aggregate principal amount at maturity of senior subordinated notes at a discount resulting in gross proceeds of $400.1 million and borrowed $610.0 million in term loans.\nWe used the proceeds from the senior subordinated notes, borrowings from the term loans and cash from operations to retire $206.7 million principal amount of the then outstanding senior subordinated notes plus accrued interest and bond tender fees for $236.9 million, repay all amounts outstanding under the previous senior credit facility, redeem all of our outstanding preferred stock for $200.5 million and pay a dividend on our outstanding common stock of $188.3 million.\nAdditionally, we expensed $15.7 million of related general and administrative expenses, comprised of compensation expenses, wrote-off $15.6 million of deferred fi nancing costs to interest expense and expensed $20.4 million of bond tender fees in other expense.\nTotal recapitalization related expenses were $51.7 million (pre-tax).\nWe also recorded a $20.4 million deferred fi nancing cost asset.\n(6) In connection with our IPO completed on July 16, 2004, Domino’s Pizza, Inc.  issued and sold 9,375,000 shares resulting in net proceeds to us of approximately $119.6 million.\nThese net proceeds were used to redeem, at a premium plus accrued interest, approximately $109.1 million aggregate principal amount of Domino’s, Inc.  8 1/4% senior subordinated notes.\nImmediately following the closing of the IPO, we had 68,653,626 shares of common stock outstanding.\nAdditionally, in connection with the IPO, we used general funds to, among other things, distribute $16.9 million to our founder and former majority shareholder and his spouse for full payment of contingent notes then outstanding and pay $10.0 million to an affi liate of our principal stockholder, in connection with the termination of its management agreement with us, which was recorded in general and administrative expense.\nAdditionally, the 2004 fi scal year includes 53 weeks, while the 2002, 2003, 2005 and 2006 fi scal years each include 52 weeks.\nINTEL CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Note 15: Chipset Design Issue In January 2011, as part of our ongoing quality assurance procedures, we identified a design issue with the Intel?6 Series Express Chipset family.\nThe issue affected chipsets sold in the fourth quarter of 2010 and January 2011.\nWe subsequently implemented a silicon fix and began shipping the updated version of the affected chipset in February 2011.\nThe total cost in 2011 to repair and replace affected materials and systems, located with customers and in the market, was $422 million.\nWe do not expect to have any significant future adjustments related to this issue.\nNote 16: Borrowings Short-Term Debt As of December 28, 2013, short-term debt consisted of drafts payable of $257 million and notes payable of $24 million (drafts payable of $264 million and notes payable of $48 million as of December 29, 2012).\nWe have an ongoing authorization from our Board of Directors to borrow up to $3.0 billion, including through the issuance of commercial paper.\nMaximum borrowings under our commercial paper program during 2013 were $300 million ($500 million during 2012).\nOur commercial paper was rated A-1+ by Standard & Poor’s and P-1 by Moody’s as of December 28, 2013.\nLong-Term Debt Our long-term debt at the end of each period was as follows:"}
{"_id": "d8814341c", "title": "", "text": "| In millions of dollars 2010 2009 2008 | Total revenues, net of interest | expense-1 | Income (loss) from discontinued operations | Gain (loss) on sale | Benefit for income taxes | Income (loss) from discontinued | operations, net of taxes | In millions of dollars | Cash flows from operating activities | Cash flows from investing activities | Cash flows from financing activities | Net cash provided by (used in) | discontinued operations |"}
{"_id": "d8d39ca06", "title": "", "text": "| (Pay)/Receive | U.S. dollars | Euros | Singapore dollars | Canadian dollars | Malaysian ringgits |"}
{"_id": "d8200a5b0", "title": "", "text": "Hologic, Inc.  Notes to Consolidated Financial Statements (continued) (In thousands, except per share data) The aggregate purchase price for Suros of approximately $248,000 (subject to adjustment) consisted of 2,300 shares of Hologic Common Stock valued at $106,500, cash paid of $139,000, and approximately $2,600 for acquisition related fees and expenses.\nThe Company determined the fair value of the shares issued in connection with the acquisition in accordance with EITF Issue No.99-12, Determination of the Measurement Date for the Market Price of Acquirer Securities Issued in a Purchase Business Combination.\nThe components and allocation of the purchase price, consists of the following approximate amounts:"}
{"_id": "d8b477b9e", "title": "", "text": "foreign tax authorities, which may result in proposed assessments, including assessments of interest and/or penalties.\nOur estimate for the potential outcome for any uncertain tax issue is highly subjective and based on our best judgments.\nActualresults may differfrom our current judgments due to a variety of factors, including changes in law, interpretations of law by taxing authorities that differ from our assessments, changes in the jurisdictions in which we operate and results of routine tax examinations.\nWe believe we have adequately provided for any reasonably foreseeable outcome related to these matters.\nHowever, our future results may include favorable or unfavorable adjustments to our estimated tax liabilities in the period the assessments are made or resolved, or when statutes of limitation on potential assessments expire.\nAs a result, our effective tax rate may fluctuate on a quarterly basis.\nREVENUE RECOGNITION – We have many different revenue sources, each governed by specific revenue recognition policies.\nOur revenue recognition policies can be found in Item 8, note 1 to our consolidated financial statements.\nFINANCIAL CONDITION CAPITAL RESOURCES AND LIQUIDITY – Our sources of capital include cash from operations, cash from customer deposits, issuances of common stock and debt.\nWe use capital primarily to fund working capital, pay dividends, repurchase treasury shares and acquire businesses.\nOur operations are highly seasonal and therefore generally require the use of cash to fund operating losses during the period May through mid-January.\nGiven the likely availability of a number of liquidity options discussed herein, including borrowing capacity under our CLOC, we believe, that in the absence of any unexpected developments, our existing sources of capital at April 30, 2011 are sufficient to meet our operating needs.\nThese comments should be read in conjunction with the consolidated balance sheets and consolidated statements of cash flows included in Item 8."}
{"_id": "d8ad4c496", "title": "", "text": "| Years Ended | September 24, 2011 | Amount | Total Revenues | Operating Income | Operating Income as a % of Segment Revenue |"}
{"_id": "d8cb48242", "title": "", "text": "| Year Ended December 31 2012 over 2011 2011 over 2010 | ($ in millions) | Sales and service revenues | Segment operating income (loss) | As a percentage of segment sales |"}
{"_id": "d8bc26c64", "title": "", "text": "grounding of leased Airbus A300 aircraft prior to lease expiration, all in connection with announced capacity reductions and included in Special charges in the Consolidated Statements of Operations.\nIn addition, the Company’s 2008 results included the impact of a pension settlement charge of $103 million for one of the Company’s defined benefit plans included in Wages, salaries and benefits on the Consolidated Statements of Operations.\nRevenues 2010 Compared to 2009 The Company’s revenues increased approximately $2.3 billion, or 11.3 percent, to $22.1 billion in 2010 compared to 2009 due to increased traffic and higher average fares.\nAmerican’s passenger revenues increased by 11.5 percent, or $1.7 billion, on a capacity (ASM) increase of 1.0 percent.\nAmerican’s passenger load factor increased approximately 1.2 points to 81.9 percent and passenger revenue yield per passenger mile increased 8.7 percent to 13.36 cents.\nThis resulted in an increase in passenger revenue per available seat mile (RASM) of 10.4 percent to 10.94 cents.\nIn 2010, American derived approximately 60 percent of its passenger revenues from domestic operations and approximately 40 percent from international operations (flights serving international destinations).\nFollowing is additional information regarding American’s domestic and international RASM and capacity:"}
{"_id": "d86a7878c", "title": "", "text": "| For the Years Ended December 31, | (In millions, except per share data) | Statement of Operations data: | Operating revenues | Operating income | Income from continuing operations | Income from discontinued operations | Net income | Earnings per average common share (diluted): | Income from continuing operations | Income from discontinued operations | Net income | Dividends per common share | Average shares of common stock outstanding—diluted |"}
{"_id": "d8ba12f68", "title": "", "text": "| Issuance December 31,2018UnpaidPrincipalBalance December 31,2018AccretedBalance December 31,2017AccretedBalance Interest Rate -1 Initial Term(in Years) Maturity Date | March 16, 2010-2 | August 7, 2018-3 (4) | October 5, 2017-3 | November 15, 2012-5 | December 17, 2015-2 | August 5, 2011-2 (6) | $1,500,000 | Deferred financing costs, net | $1,500,000 |"}
{"_id": "d898645b0", "title": "", "text": "| Instantaneous change in rates(a) | (in millions) | December 31, 2013 | December 31, 2012 |"}
{"_id": "d8894d4e6", "title": "", "text": "| Amount (In Millions) | 2009 net revenue | Volume/weather | Retail electric price | Provision for regulatory proceedings | Rough production cost equalization | ANO decommissioning trust | Fuel recovery | Other | 2010 net revenue |"}
{"_id": "d886c15ba", "title": "", "text": "| Contractual Obligations 2015 2016 2017 2018 2019 Thereafter Total | Long-term debt, including current portion: | American Tower subsidiary debt: | Secured Tower Revenue Securities, Series 2013-1A-1 | Secured Tower Revenue Securities, Series 2013-2A-2 | GTP Notes-3 | BR Towers Debentures-4 | BR Towers Credit Facility-4 | Unison Notes, Series 2010-1 Class C, Series 2010-2 Class C and Series 2010-2 Class F notes-5 | Mexican loan-6 | South African Facility-7 | Colombian Credit Facility-8 | Shareholder Loans-9 | Total American Tower subsidiary debt | American Tower Corporation debt: | 2013 Credit Facility | 2013 Term Loan | 2014 Credit Facility | 4.625% senior notes-10 | 7.00% senior notes | 4.50% senior notes | 3.40% senior notes | 7.25% senior notes | 5.05% senior notes | 3.450% senior notes | 5.90% senior notes | 4.70% senior notes | 3.50% senior notes | 5.00% senior notes | Total American Tower Corporation debt |"}
{"_id": "d889f75e0", "title": "", "text": "During 2014, the Corporation had total long-term debt maturities and purchases of $53.7 billion consisting of $33.9 billion for Bank of America Corporation, $8.9 billion for Bank of America, N. A.  and $10.9 billion of other debt.\nDuring 2013, the Corporation had total long-term debt maturities and purchases of $65.6 billion consisting of $39.3 billion for Bank of America Corporation, $16.0 billion for Bank of America, N. A.  and $10.3 billion of other debt.\nIn 2013, in a combination of tender offers, calls and open-market transactions, the Corporation purchased senior and subordinated long-term debt with a carrying value of $9.2 billion and recorded net losses of $59 million in connection with these transactions."}
{"_id": "d8cc341f6", "title": "", "text": "Fair Value Measurements During the first quarter of 2008, we fully adopted FASB Statement No.157, Fair Value Measurements (FAS 157).\nFAS 157 established a framework for measuring fair value and expanded disclosures about fair value measurements.\nThe adoption of FAS 157 had no impact on our financial position or results of operations.\nFAS 157 applies to all assets and liabilities that are measured and reported on a fair value basis.\nThis enables the reader of the financial statements to assess the inputs used to develop those measurements by establishing a hierarchy for ranking the quality and reliability of the information used to determine fair values.\nThe statement requires that each asset and liability carried at fair value be classified into one of the following categories: Level 1: Quoted market prices in active markets for identical assets or liabilities.\nLevel 2: Observable market based inputs or unobservable inputs that are corroborated by market data.\nLevel 3: Unobservable inputs that are not corroborated by market data."}
{"_id": "d87f99260", "title": "", "text": "| Actual Results Excluding Items Affecting Comparability | Key Annual Performance Measures | Increase in Net Sales | Increase in EBIT | Improvement in EBIT Margin in basis points (“bps”) | Increase in Income Per Share-Diluted (“EPS”) |"}
{"_id": "d861f40b6", "title": "", "text": "Table of Contents The notional amounts for outstanding derivative instruments provide one measure of the transaction volume outstanding and do not represent the amount of the Companys exposure to credit or market loss.\nThe credit risk amounts represent the Companys gross exposure to potential accounting loss on derivative instruments that are outstanding or unsettled if all counterparties failed to perform according to the terms of the contract, based on then-current currency or interest rates at each respective date.\nThe Companys exposure to credit loss and market risk will vary over time as currency and interest rates change.\nAlthough the table above reflects the notional and credit risk amounts of the Companys derivative instruments, it does not reflect the gains or losses associated with the exposures and transactions that the instruments are intended to hedge.\nThe amounts ultimately realized upon settlement of these financial instruments, together with the gains and losses on the underlying exposures, will depend on actual market conditions during the remaining life of the instruments.\nThe Company generally enters into master netting arrangements, which are designed to reduce credit risk by permitting net settlement of transactions with the same counterparty.\nTo further limit credit risk, the Company generally enters into collateral security arrangements that provide for collateral to be received or posted when the net fair value of certain financial instruments fluctuates from contractually established thresholds.\nThe Company presents its derivative assets and derivative liabilities at their gross fair values in its Consolidated Balance Sheets.\nThe net cash collateral received by the Company related to derivative instruments under its collateral security arrangements was $1.0 billion as of September 26, 2015 and $2.1 billion as of September 27, 2014.\nUnder master netting arrangements with the respective counterparties to the Companys derivative contracts, the Company is allowed to net settle transactions with a single net amount payable by one party to the other.\nAs of September 26, 2015 and September 27, 2014, the potential effects of these rights of set-off associated with the Companys derivative contracts, including the effects of collateral, would be a reduction to both derivative assets and derivative liabilities of $2.2 billion and $1.6 billion, respectively, resulting in net derivative liabilities of $78 million and $549 million, respectively."}
{"_id": "d81128470", "title": "", "text": "Ammonia Segment Our ammonia segment produces anhydrous ammonia (ammonia), which is our most concentrated nitrogen fertilizer as it contains 82% nitrogen.\nThe results of our ammonia segment consist of sales of ammonia to external customers.\nIn addition, ammonia is the \"basic\" nitrogen product that we upgrade into other nitrogen products such as granular urea, UAN and AN.\nWe produce ammonia at all of our nitrogen manufacturing complexes.\nThe following table presents summary operating data for our ammonia segment, including the impact of our acquisition of the remaining 50% equity interest in CF Fertilisers UK:"}
{"_id": "d88329678", "title": "", "text": "| December 31, | 2011 | (dollar amounts in millions) | Consolidated capital calculations: | Common shareholders’ equity | Preferred shareholders’ equity | Total shareholders’ equity | Goodwill | Other intangible assets | Other intangible asset deferred tax liability-1 | Total tangible equity-2 | Preferred shareholders’ equity | Total tangible common equity-2 | Total assets | Goodwill | Other intangible assets | Other intangible asset deferred tax liability-1 | Total tangible assets-2 | Tier 1 capital | Preferred shareholders’ equity | Trust-preferred securities | REIT-preferred stock | Tier 1 common equity-2 | Risk-weighted assets (RWA) | Tier 1 common equity / RWA ratio-2 | Tangible equity / tangible asset ratio-2 | Tangible common equity / tangible asset ratio-2 | Tangible common equity / RWA ratio-2 |"}
{"_id": "d8c73c676", "title": "", "text": "| December 31, 2014 | Fair Value | Level 1 | (in millions) | Assets: | Fixed maturities, held-to-maturity | Commercial mortgage and other loans | Policy loans | Other long-term investments | Short-term investments | Cash and cash equivalents | Accrued investment income | Other assets | Total assets | Liabilities: | Policyholders’ account balances—investment contracts | Securities sold under agreements to repurchase | Cash collateral for loaned securities | Short-term debt | Long-term debt | Notes issued by consolidated VIEs | Other liabilities | Separate account liabilities—investment contracts | Total liabilities |"}
{"_id": "d8b71cb88", "title": "", "text": "| Goodwill $4,445 | Customer-related intangible assets | Contract-based intangible assets | Net assets acquired |"}
{"_id": "d8cf80d14", "title": "", "text": "| December 31, 2009 December 31, 2008 | Carrying amount | ($ in millions) | Fixed maturity securities — Public | Equity securities | Mortgage loans — Residential | Real estate | Policy loans | Other investments | Total invested assets | Cash and cash equivalents | Total invested assets and cash |"}
{"_id": "d8a78943c", "title": "", "text": "Performance Graph The following graph is a comparison of the five-year cumulative return of our common shares, the Standard & Poor’s 500 Index (the “S&P 500 Index”) and the National Association of Real Estate Investment Trusts’ (“NAREIT”) All Equity Index (excluding health care real estate investment trusts), a peer group index.\nThe graph assumes that $100 was invested on December 31, 2005 in our common shares, the S&P 500 Index and the NAREIT All Equity Index and that all dividends were reinvested without the payment of any commissions.\nThere can be no assurance that the performance of our shares will continue in line with the same or similar trends depicted in the graph below."}
{"_id": "d87c97cf6", "title": "", "text": "| Assumptions Percentage  Change October 31, 2011  Increase  (Decrease)  PBO/APBO* 2012  Increase  (Decrease)  Expense | Pension | Discount rate** | Expected return on assets | OPEB | Discount rate** | Expected return on assets | Health care cost trend rate** |"}
{"_id": "d89635514", "title": "", "text": "The Clean Energy Businesses participate in competitive renewable and energy infrastructure projects and provide energy-related products and services that are subject to different risks than those found in the businesses of the Utilities.\nSee \nCon Edison Transmission invests in electric and gas transmission and gas storage projects, the current and prospective customers of which may have competitive alternatives.\nThe Utilities do not consider it reasonably likely that another company would be authorized to provide utility delivery service of electricity, natural gas or steam where the company already provides service.\nAny such other company would need to obtain NYSPSC consent, satisfy applicable local requirements, install facilities to provide the service, meet applicable services standards and charge customers comparable taxes and other fees and costs imposed on the service.\nA new delivery company would also be subject to extensive ongoing regulation by the NYSPSC.\nSee Utility Regulation  State Utility Regulation  Regulators, above.\nThe Utilities CECONY CECONY, incorporated in New York State in 1884, is a subsidiary of Con Edison and has no significant subsidiaries of its own.\nIts principal business segments are its regulated electric, gas and steam businesses.\nFor a discussion of the companys operating revenues and operating income for each segment, see Results of Operations in Item 7.\nFor additional information about the segments, see Note N to the financial statements in Item 8.\nElectric Operations Electric Facilities CECONYs capitalized costs for utility plant, net of accumulated depreciation, for distribution facilities were $18,716 million and $17,996 million at December 31, 2018 and 2017, respectively.\nFor its transmission facilities, the costs for utility plant, net of accumulated depreciation, were $3,106 million and $2,990 million at December 31, 2018 and 2017, respectively, and for its portion of the steam-electric generation facilities, the costs for utility plant, net of accumulated depreciation, were $592 million and $544 million, at December 31, 2018 and 2017, respectively.\nSee \nDistribution Facilities CECONY owns 62 area distribution substations and various distribution facilities located throughout New York City and Westchester County.\nAt December 31, 2018, the companys distribution system had a transformer capacity of 32,653 MVA, with 37,049 miles of overhead distribution lines and 97,607 miles of underground distribution lines."}
{"_id": "d81ad26d8", "title": "", "text": "| December 28, 2013 December 29, 2012 | (In millions) | Beginning balance | New warranties issued during the period | Settlements during the period | Changes in liability for pre-existing warranties during the period, includingexpirations | Ending balance |"}
{"_id": "d88116b88", "title": "", "text": "| Total Investments, as adjusted, December 31, 2014 $1,904 | Purchases/capital contributions | Sales/maturities | Distributions-1 | Market appreciation(depreciation)/earnings from equity method investments | Carried interest capital allocations/distributions received | Total Investments, as adjusted, December 31, 2015 |"}
{"_id": "d84dc6030", "title": "", "text": "| 2016 2015 2014 | Year endedDecember 31,(in millions, except ratios) | Other income | Total noninterest revenue | Net interest income | Total net revenue | Pre-provision profit | Income before income tax expense | Income tax expense | Overhead ratio |"}
{"_id": "d87df9914", "title": "", "text": "| Year ended December 31, | Non-GAAP operating efficiency ratio, net of noncontrolling interests (Dollars in thousands, except ratios) | GAAP noninterest expense | Less: expense attributable to noncontrolling interests | Non-GAAP noninterest expense, net of noncontrolling interests | GAAP net interest income | Adjustments for taxable equivalent basis | Non-GAAP taxable equivalent net interest income | Less: net interest income attributable to noncontrolling interests | Non-GAAP taxable equivalent net interest income, net of noncontrolling interests | GAAP noninterest income | Less: income attributable to noncontrolling interests | Non-GAAP noninterest income, net of noncontrolling interests | GAAP total revenue | Non-GAAP taxable equivalent revenue, net of noncontrolling interests | GAAP operating efficiency ratio | Non-GAAP operating efficiency ratio -1 |"}
{"_id": "d8120e2c2", "title": "", "text": "Citigroups repurchases are primarily from Government Sponsored Entities.\nThe specific representations and warranties made by the Company depend on the nature of the transaction and the requirements of the buyer.\nMarket conditions and credit-ratings agency requirements may also affect representations and warranties and the other provisions the Company may agree to in loan sales.\nIn the event of a breach of the representations and warranties, the Company may be required to either repurchase the mortgage loans (generally at unpaid principal balance plus accrued interest) with the identified defects or indemnify (make-whole) the investor or insurer.\nThe Company has recorded a repurchase reserve that is included in Other liabilities in the Consolidated Balance Sheet.\nIn the case of a repurchase, the Company will bear any subsequent credit loss on the mortgage loans.\nThe Companys representations and warranties are generally not subject to stated limits in amount or time of coverage.\nHowever, contractual liability arises only when the representations and warranties are breached and generally only when a loss results from the breach.\nIn the case of a repurchase, the loan is typically considered a creditimpaired loan and accounted for under SOP 03-3, Accounting for Certain Loans and Debt Securities, Acquired in a Transfer (now incorporated into ASC 310-30, ReceivablesLoans and Debt Securities Acquired with Deteriorated Credit Quality).\nThese repurchases have not had a material impact on nonperforming loan statistics, because credit-impaired purchased SOP 03-3 loans are not included in nonaccrual loans.\nThe Company estimates its exposure to losses from its obligation to repurchase previously sold loans based on the probability of repurchase or make-whole and an estimated loss given repurchase or make-whole.\nThis estimate is calculated separately by sales vintage (i. e. , the year the loans were sold) based on a combination of historical trends and forecasted repurchases and losses considering the: (1) trends in requests by investors for loan documentation packages to be reviewed; (2) trends in recent repurchases and make-wholes; (3) historical percentage of claims made as a percentage of loan documentation package requests; (4) success rate in appealing claims; (5) inventory of unresolved claims; and (6) estimated loss given repurchase or make-whole, including the loss of principal, accrued interest, and foreclosure costs.\nThe Company does not change its estimation methodology by counterparty, but the historical experience and trends are considered when evaluating the overall reserve.\nThe request for loan documentation packages is an early indicator of a potential claim.\nDuring 2009, loan documentation package requests and the level of outstanding claims increased.\nIn addition, our loss severity estimates increased during 2009 due to the impact of macroeconomic factors and recent experience.\nThese factors contributed to a $493 million change in estimate for this reserve in 2009.\nAs indicated above, the repurchase reserve is calculated by sales vintage.\nThe majority of the repurchases in 2009 were from the 2006 and 2007 sales vintages, which also represent the vintages with the largest lossgiven-repurchase.\nAn insignificant percentage of 2009 repurchases were from vintages prior to 2006, and this is expected to decrease, because those vintages are later in the credit cycle.\nAlthough early in the credit cycle, the Company has experienced improved repurchase and loss-given-repurchase statistics from the 2008 and 2009 vintages.\nIn the case of a repurchase of a credit-impaired SOP 03-3 loan (now incorporated into ASC 310-30), the difference between the loans fair value and unpaid principal balance at the time of the repurchase is recorded as a utilization of the repurchase reserve.\nPayments to make the investor whole are also treated as utilizations and charged directly against the reserve.\nThe provision for estimated probable losses arising from loan sales is recorded as an adjustment to the gain on sale, which is included in Other revenue in the Consolidated Statement of Income.\nA liability for representations and warranties is estimated when the Company sells loans and is updated quarterly.\nAny subsequent adjustment to the provision is recorded in Other revenue in the Consolidated Statement of Income.\nThe activity in the repurchase reserve for the years ended December 31, 2009 and 2008 is as follows:"}
{"_id": "d86feb584", "title": "", "text": "| Rating equivalent 2015 2014(a) | December 31,(in millions, except ratios) | AAA/Aaa to AA-/Aa3 | A+/A1 to A-/A3 | BBB+/Baa1 to BBB-/Baa3 | BB+/Ba1 to B-/B3 | CCC+/Caa1 and below | Total |"}
{"_id": "d8efed354", "title": "", "text": "(a) See Note 7 to the Consolidated Financial Statements in Item 8 of this report.\n(b) See Note 3 to the Consolidated Financial Statements in Item 8 of this report.\n(c) See Note 4 to the Consolidated Financial Statements in Item 8 of this report.\n(d) See Note 6 to the Consolidated Financial Statements in Item 8 of this report.\nForward-Looking Financial Measures Our fiscal 2019 outlook for organic net sales growth and constant-currency total segment operating profit and adjusted diluted EPS are non-GAAP financial measures that exclude, or have otherwise been adjusted for, items impacting comparability, including the effect of foreign currency exchange rate fluctuations, restructuring charges and project-related costs, acquisition integration costs, and commodity mark-to-market effects.\nOur fiscal 2019 outlook for organic net sales growth also excludes the effect of acquisitions and divestitures.\nWe are not able to reconcile these forward-looking non-GAAP financial measures to their most directly comparable forward-looking GAAP financial measures without unreasonable efforts because we are unable to predict with a reasonable degree of certainty the actual impact of changes in foreign currency exchange rates and commodity prices or the timing of acquisitions, divestitures and restructuring actions throughout fiscal 2019.\nThe unavailable information could have a significant impact on our fiscal 2019 GAAP financial results.\nFor fiscal 2019, we currently expect: foreign currency exchange rates (based on blend of forward and forecasted rates and hedge positions), acquisitions, and divestitures to increase net sales growth by high single digits; foreign currency exchange rates to have an immaterial impact on adjusted operating profit and adjusted diluted EPS growth; and restructuring charges and project-related costs related to actions previously announced to total approximately $13 million."}
{"_id": "d871b1ec2", "title": "", "text": "Each series of preferred stock has a liquidation value and redemption price per share of $1,000, plus any declared and unpaid dividends.\nAll preferred stock, with the exception of Series A, has no stated maturity and redemption is solely at the option of the Company.\nUnder current rules, any redemption of the preferred stock is subject to prior approval of the FRB.\nEach share of the Series A Preferred Stock is non-voting and may be converted at any time, at the option of the holder, into 83.668 shares of common stock of Huntington, which represents an approximate initial conversion price of $11.95 per share of common stock.\nSince April 15, 2013, at the option of Huntington, the Series A Preferred Stock is subject to mandatory conversion into Huntington’s common stock at the prevailing conversion rate if the closing price of Huntington’s common stock exceeds 130% of the conversion price for 20 trading days during any 30 consecutive trading-day period.\nAt the option of the holder, one share was converted to common stock during the fourth quarter of 2015."}
{"_id": "d8932b7a6", "title": "", "text": "| Current assets $1,922 | Long-term assets | Identifiable intangible assets | Total liabilities assumed | Total identifiable net assets | Goodwill | Net assets acquired |"}
{"_id": "d8f43c41e", "title": "", "text": "| Union Employees Contract Expires | United Steelworkers of America | International Union of Operating Engineers | International Brotherhood of Electrical Workers |"}
{"_id": "d8185cd2c", "title": "", "text": "| 2013 2012 2011 | Solid Waste | Wheelabrator | Corporate and Other | $18 |"}
{"_id": "d8704026e", "title": "", "text": "| December 31, 2011 | Carrying Amount | (In millions) | Financial assets: | Cash and cash equivalents | Trading account assets | Securities available for sale | Securities held to maturity | Loans held for sale | Loans (excluding leases), net of unearned income and allowance for loan losses(2), (3) | Other interest-earning assets | Derivatives, net | Financial liabilities: | Deposits | Short-term borrowings | Long-term borrowings | Loan commitments and letters of credit |"}
{"_id": "d8b34cdc8", "title": "", "text": "| Transitional Basel III Pro Forma Basel III Assuming Full Phase-in | (dollars in millions) | December 31, 2016 | Common equity tier 1 capital-2 | Tier 1 capital-3 | Total capital-4 | Tier 1 leverage-5 | Risk-weighted assets | Quarterly adjusted average assets | December 31, 2015 | Common equity tier 1 capital-2 | Tier 1 capital-3 | Total capital-4 | Tier 1 leverage-5 | Risk-weighted assets | Quarterly adjusted average assets |"}
{"_id": "d81bc4b18", "title": "", "text": "9.\nRETIREMENT BENEFITS The Company has several non-contributory defined benefit pension plans covering certain U. S.  employees and has various defined benefit pension and termination indemnity plans covering employees outside the United States.\nThe U. S.  qualified defined benefit plan provides benefits under a cash balance formula.\nHowever, employees satisfying certain age and service requirements remain covered by a prior final average pay formula under that plan.\nEffective January1, 2008, the U. S.  qualified pension plan was frozen for most employees.\nAccordingly, no additional compensation-based contributions were credited to the cash balance portion of the plan for existing plan participants after 2007.\nHowever, certain employees covered Net (Benefit) Expense under the prior final pay plan formula continue to accrue benefits.\nThe Company also offers postretirement health care and life insurance benefits to certain eligible U. S.  retired employees, as well as to certain eligible employees outside the United States.\nThe following tables summarize the components of net (benefit) expense recognized in the Consolidated Statement of Income and the funded status and amounts recognized in the Consolidated Balance Sheet for the Company’s U. S.  qualified and nonqualified pension plans, postretirement plans and plans outside the United States.\nThe Company uses a December31 measurement date for the U. S.  plans as well as the plans outside the United States."}
{"_id": "d872eff28", "title": "", "text": "OPERATING EXPENSES Operating expenses increased to 64.3% of net sales as compared with 62.9% of net sales in the prior year.\nThe current year operating expense margin was negatively impacted by charges related to the implementation of our cost savings initiative of approximately $92.1 million or approximately 140 basis points, costs related to stockbased compensation as a result of the adoption of SFAS No.123(R) of approximately 60 basis points, and the estimated impact of both the merger of Federated Department Stores, Inc.  and The May Department Stores Company and the hurricanes that affected the southern United States of approximately 40 basis points.\nPartially offsetting these incremental costs were operating expense margin improvements of approximately 90 basis points primarily resulting from net sales growth in brands and channels with lower advertising, merchandising and sampling cost structures as well as an overall reduction in this type of spending.\nOverall operating expenses reflected savings achieved during fiscal 2006 from our cost savings initiative.\nChanges in advertising, sampling and merchandising spending result from the type, timing and level of activities related to product launches and rollouts, as well as the markets being emphasized.\nDuring fiscal 2006, we recorded special charges associated with a cost savings initiative that was designed to support our long-term financial objectives.\nAs part of this multi-faceted initiative, we identified savings opportunities that include streamlined processes and organizational changes.\nThe principal component of the initiative was a voluntary separation program offered primarily to North America-based employees.\nDuring the fourth quarter of fiscal 2006, involuntary separations were communicated to certain employees.\nUnder this initiative, we incurred expenses related to one-time termination benefits for 494 employees, of which 28 were involuntary, which benefits were based principally upon years of service.\nIn addition, we identified other cost savings opportunities to improve efficiencies in our distribution network and product offerings and to eliminate other nonessential costs.\nThese charges primarily related to employee severance for facilities that are closing, contract cancellations, counter and door closings and product returns.\nAn additional $2 million to $3 million is expected to be incurred in fiscal 2007 related to the cost savings initiative.\nFor the year ended June 30, 2006, aggregate expenses of $92.1 million were recorded as special charges related to the cost savings initiative in the accompanying consolidated statement of earnings.\nAt June 30, 2006, $40.7 million and $28.2 million related to the cost savings initiative were recorded in other accrued liabilities and other noncurrent liabilities, respectively, in the accompanying consolidated balance sheet.\nThe following table summarizes the costs and expected savings associated with our cost savings initiative, which impacted, and will continue to impact, our operating expenses and cost of sales:"}
{"_id": "d8e461576", "title": "", "text": "| Year Ended December 31, | 2012 | (MMBoe) | Proved Reserves Beginning of Year | Revisions of Previous Estimates | Extensions, Discoveries and Other Additions | Purchase of Minerals in Place | Sale of Minerals in Place | Production | Proved Reserves End of Year |"}
{"_id": "d898cf752", "title": "", "text": "One-to-four family residential mortgage loans held for sale were $341 million at December 31, 2010 and $530 million at December 31, 2009.\nCommercial mortgage loans held for sale were $204 million at December 31, 2010 and $123 million at December 31, 2009.\nAs of December 31, 2010, approximately $13 million of one-to-four family residential mortgage loans serviced for others had been sold with credit recourse.\nAs of December 31, 2010, approximately $1.6 billion of commercial mortgage loan balances serviced for others had been sold with recourse in conjunction with the Companys participation in the Fannie Mae Delegated Underwriting and Servicing (DUS) program.\nAt December 31, 2010, the Company estimated that the recourse obligations described above were not material to the Companys consolidated financial position.\nThere have been no material losses incurred as a result of those credit recourse arrangements.\nIn addition to recourse obligations, as described in note 21, the Company is contractually obligated to repurchase previously sold residential real estate loans that do not ultimately meet investor sale criteria related to underwriting procedures or loan documentation.\nWhen required to do so, the Company may reimburse loan purchasers for losses incurred or may repurchase certain loans.\nCharges\nM&T BANK CORPORATION AND SUBSIDIARIES Notes to Financial Statements  (Continued) Information about interest rate swap agreements entered into for interest rate risk management purposes summarized by type of financial instrument the swap agreements were intended to hedge follows:"}
{"_id": "d8b6ddb40", "title": "", "text": "| Plan Category Number of Shares of Common Stock to be Issued Upon Exercise of Outstanding Options, Warrants and Rights (a)1,2,3 Weighted-Average Exercise Price of Outstanding Stock Options (b) Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in Column (a))(c)4 | Equity Compensation Plans Approved by Security Holders | Equity Compensation Plans Not Approved by Security Holders |"}
{"_id": "d8cf2bb5c", "title": "", "text": "| Dollars in billions December 31 2013 December 312012 | Net outstanding standby letters of credit (a) | Internal credit ratings (as a percentage of portfolio): | Pass (b) | Below pass (c) |"}
{"_id": "d8a6069de", "title": "", "text": "| Pension plans Postretirement benefit plans | In millions of dollars | 2016 | Change in projected benefit obligation | Qualified plans | Projected benefit obligation at beginning of year | Benefits earned during the year | Interest cost on benefit obligation | Plan amendments | Actuarial loss (gain) | Benefits paid, net of participants’ contributions | Expected government subsidy | Divestitures | Settlement (gain) loss(1) | Curtailment (gain) loss(1) | Foreign exchange impact and other | Qualified plans | Nonqualified plans | Projected benefit obligation at year end |"}
{"_id": "d8956d94c", "title": "", "text": "| 2003 2002 2001 2000 1999 | Income statement data: | Revenue | Operating income | Income before cumulative effect of change in accounting principle | Cumulative effect of a change in accounting principle | Net income | Per share data: | Basic earnings per share: | Income before cumulative effect of a change in accounting principle | Cumulative effect of accounting change | Net income | Diluted earnings per share: | Income before cumulative effect of a change in accounting principle | Cumulative effect of accounting change | Net income | Dividends per share | Balance sheet data: | Total assets | Line of credit | Due to NDC | Obligations under capital leases | Total shareholder’s equity |"}
{"_id": "d8aec2fdc", "title": "", "text": "| For the years ended December 31, 2018 2017 2016 | Interest expense | Capitalized interest | Interest expense | Interest income | Interest expense, net |"}
{"_id": "d8196f46c", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | 2016 | Attritional | Catastrophes | Total segment | 2015 | Attritional | Catastrophes | Total segment | 2014 | Attritional | Catastrophes | Total segment | Variance 2016/2015 | Attritional | Catastrophes | Total segment | Variance 2015/2014 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d88540362", "title": "", "text": "(1) There were 254 selling days for the years ended December 31, 2014 and 2013.\nTotal Net sales in 2014 increased $1,305.9 million, or 12.1%, to $12,074.5 million, compared to $10,768.6 million in 2013.\nThe increase in total Net sales was primarily the result of continued growth in transactional products driven by notebooks/ mobile devices and desktop computers, as customers across all channels refreshed their client devices and K-12 customers continued to prepare for digital testing requirements, and the addition of more than 140 customer-facing coworkers, the majority in pre- and post-sale technical positions such as technical specialists and service delivery roles.\nGrowth in solutions-focused products, including netcomm and software, also contributed to the increase in Net sales during 2014."}
{"_id": "d87264888", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements Transfers into level 3 of other financial liabilities during 2016 primarily reflected transfers of certain hybrid financial instruments included in unsecured short-term and long-term borrowings from level 2, principally due to reduced transparency of certain inputs, including correlation and volatility inputs used to value these instruments.\nTransfers out of level 3 of other financial liabilities during 2016 primarily reflected transfers of certain hybrid financial instruments included in unsecured short-term and long-term borrowings to level 2, principally due to increased transparency of correlation and volatility inputs used to value these instruments."}
{"_id": "d8e435ffc", "title": "", "text": "| Fourth Quarter | (Amounts in millions) | Segment net sales | Cost of goods sold | Gross profit | Operating expenses | Segment operating earnings |"}
{"_id": "d8622c7d6", "title": "", "text": "On May 15, 2001, HLI filed with the SEC a shelf registration statement (Registration No.333-60944) for the potential offering and sale of up to $1.0 billion in debt and preferred securities.\nThe registration statement was declared effective on May 29, 2001.\nAs of December 31, 2004, HLI had $1.0 billion remaining on its shelf."}
{"_id": "d8c1b42f8", "title": "", "text": "In April 2009, the Financial Accounting Standards Board, or the FASB, issued new guidance to address concerns about (1) measuring the fair value of financial instruments when the markets become inactive and quoted prices may reflect distressed transactions and (2) recording impairment charges on investments in debt securities.\nThe new guidance highlights and expands on the factors that should be considered in estimating fair value when the volume and level of activity for a financial asset or liability has significantly decreased and requires new disclosures relating to fair value measurement inputs and valuation techniques (including changes in inputs and valuation techniques).\nIn addition, new guidance regarding recognition and presentation of otherthan-temporary impairments changed (1) the trigger for determining whether an other-than-temporary impairment exists and (2) the amount of an impairment charge to be recorded in earnings.\nWe adopted the provisions of the new guidance for the quarter ended June 30, 2009.\nRefer to Note 4 and Note 5 to the consolidated financial statements included in Item 8.\nFinancial Statements and Supplementary Data for disclosures related to the implementation of the new guidance."}
{"_id": "d88e0d60c", "title": "", "text": "| December 31, 2012 Percentage of Total December 31, 2011 Percentage of Total | (dollars in millions) | U.S. Treasury and other U.S. government corporations and agencies: | U.S. Treasury and agency obligations | Mortgage-backed securities | Tax-exempt municipal securities | Mortgage-backed securities: | Residential | Commercial | Asset-backed securities | Corporate debt securities | Total debt securities |"}
{"_id": "d8ad8a4b2", "title": "", "text": "Real Estate Holdings Real estate holdings by type consisted of the following:"}
{"_id": "d81decaa8", "title": "", "text": "Vendor Non-Trade Receivables The Company has non-trade receivables from certain of its manufacturing vendors resulting from the sale of raw material components to these manufacturing vendors who manufacture sub-assemblies or assemble final products for the Company.\nThe Company purchases these raw material components directly from suppliers.\nThese non-trade receivables, which are included in the consolidated balance sheets in other current assets, totaled $1.6 billion and $417 million as of September 30, 2006 and September 24, 2005, respectively.\nThe Company does not reflect the sale of these components in net sales and does not recognize any profits on these sales until the products are sold through to the end customer at which time the profit is recognized as a reduction of cost of sales."}
{"_id": "d8745ab2e", "title": "", "text": "for all legally binding unfunded equity commitments.\nThese liabilities are reflected in Other liabilities on our Consolidated Balance Sheet.\nTable 60 also includes our involvement in lease financing transactions with LLCs engaged in solar power generation that to a large extent provided returns in the form of tax credits.\nThe outstanding financings and operating lease assets are reflected as Loans and Other assets, respectively, on our Consolidated Balance Sheet.\nOur lease financing liabilities are reported in Deposits and Other liabilities.\nDuring 2013, PNC sold limited partnership or non-managing member interests previously held in certain consolidated funds.\nAs a result, PNC no longer met the consolidation criteria for those investments and deconsolidated approximately $675 million of net assets related to the funds.\nRESIDENTIAL AND COMMERCIAL MORTGAGE-BACKED SECURITIZATIONS In connection with each Agency and Non-agency securitization discussed above, we evaluate each SPE utilized in these transactions for consolidation.\nIn performing these assessments, we evaluate our level of continuing involvement in these transactions as the nature of our involvement ultimately determines whether or not we hold a variable interest and/or are the primary beneficiary of the SPE.\nFactors we consider in our consolidation assessment include the significance of (i) our role as servicer, (ii) our holdings of mortgage-backed securities issued by the securitization SPE, and (iii) the rights of third-party variable interest holders.\nThe first step in our assessment is to determine whether we hold a variable interest in the securitization SPE.\nWe hold variable interests in Agency and Non-agency securitization SPEs through our holding of mortgage-backed securities issued by the SPEs and/or our recourse obligations.\nEach SPE in which we hold a variable interest is evaluated to determine whether we are the primary beneficiary of the entity.\nFor Agency securitization transactions, our contractual role as servicer does not give us the power to direct the activities that most significantly affect the economic performance of the SPEs.\nThus, we are not the primary beneficiary of these entities.\nFor Non-agency securitization transactions, we would be the primary beneficiary to the extent our servicing activities give us the power to direct the activities that most significantly affect the economic performance of the SPE and we hold a more than insignificant variable interest in the entity.\nIn the first quarter 2013, contractual provisions of a Nonagency residential securitization were modified resulting in PNC being deemed the primary beneficiary of the securitization.\nAs a result, we consolidated the SPE and recorded the SPEs home equity line of credit assets and associated beneficial interest liabilities and are continuing to account for these instruments at fair value.\nThese balances are included within the Credit Card and Other Securitization Trusts balances line in Table 59.\nAdditionally, creditors of the SPE have no direct recourse to PNC.\nDetails about the Agency and Non-agency securitization SPEs where we hold a variable interest and are not the primary beneficiary are included in Table 60.\nOur maximum exposure to loss as a result of our involvement with these SPEs is the carrying value of the mortgage-backed securities, servicing assets, servicing advances, and our liabilities associated with our recourse obligations.\nCreditors of the securitization SPEs have no recourse to PNCs assets or general credit."}
{"_id": "d89381ff2", "title": "", "text": "| Assets at Fair Value Non-Recurring Basis Impairment Charges December 31, | (in millions) | December 31, 2012 | Investment real estate | Other investments | Aircraft(a) | Other assets | Total | December 31, 2011 | Investment real estate | Other investments | Aircraft(b) | Other assets | Total |"}
{"_id": "d89749644", "title": "", "text": "| SPP Total Portfolio | 2013 | Rental revenues-2 | Tenant recoveries | Total segment revenues | Operating expenses | NOI | Straight-line rents | Amortization of market lease intangibles, net | Adjusted NOI | Adjusted NOI % change | Property count | Average capacity (beds)(3) | Average annual rent per bed |"}
{"_id": "d86cf7300", "title": "", "text": "Geographic Areas\n(1) Comprised principally of corporate expenses not allocated to the segments, interest on postretirement medical benefits, stock-based compensation costs, amortization expense associated with intangible assets recorded as a result of the 2010 acquisition of Smith International, Inc.  (Smith) and certain other nonoperating items.\n(2) Excludes interest income"}
{"_id": "d8b68d636", "title": "", "text": "Table XVI Quarterly Reconciliations to GAAP Financial Measures (1)"}
{"_id": "d8ef90988", "title": "", "text": "| Year Ended December 31, | (Dollars in thousands) | Total gains (losses) on foreign exchange forwards, net(1) | Change in fair value of interest rate swap-2 | Equity warrant assets: | Gains on exercise, net | Change in fair value-3: | Cancellations and expirations | Other changes in fair value | Total net gains on equity warrant assets-4 | Total gains on derivative instruments, net |"}
{"_id": "d8c2e447a", "title": "", "text": "| 2015 2014 2013 | Interest expense on debt and capital lease obligations | Accretion of debt discounts | Accretion of remediation liabilities and other | Less: capitalized interest | Total interest expense |"}
{"_id": "d8c824048", "title": "", "text": "| Location Size  (square feet) Principal Usage | 333 S. Wabash AvenueChicago, Illinois | 401 Penn StreetReading, Pennsylvania | 2405 Lucien WayMaitland, Florida | 40 Wall StreetNew York, New York | 1100 Ward AvenueHonolulu, Hawaii | 101 S. Phillips AvenueSioux Falls, South Dakota | 600 N. Pearl StreetDallas, Texas | 1249 S. River RoadCranbury, New Jersey | 4267 Meridian ParkwayAurora, Illinois | 675 Placentia AvenueBrea, California |"}
{"_id": "d89e5451a", "title": "", "text": "| 2005 2004 | Insurance Related Losses Reporting Unit: | Net | Reinstatement | Premium Cost | DBG | $— | — | — | — | — | $— |"}
{"_id": "d871ce450", "title": "", "text": "Provision for Income Taxes.\nWe recorded a 24.9% provision for income taxes for fiscal year 2018, compared to 26.9% in fiscal year 2017 and 33.5% in fiscal year 2016.\nThe decrease in the effective tax rate from fiscal year 2017 to 2018 was primarily due to the impacts of the Tax Cuts and Jobs Act enacted on December 22, 2017, partially offset with foreign tax"}
{"_id": "d8cdc72c0", "title": "", "text": "| In millions 2012 2011 | January 1 | New nonperforming assets | Charge-offs and valuation adjustments | Principal activity, including paydowns and payoffs | Asset sales and transfers to loans held for sale | Returned to performing status | December 31 |"}
{"_id": "d8d89b232", "title": "", "text": "| 2018 Change 2017 | (millions) | Operating revenues | Fuel and purchased power | SPP network transmission costs | Other operating expenses | Depreciation and amortization | Income from operations | Other income (expense), net | Interest expense | Income tax expense (benefit) | Equity in earnings of equity method investees, net of income taxes | Net income | Less: Net income attributable to noncontrolling interests | Net income attributable to Westar Energy, Inc. | Revenues and Expenses | 2018 | Retail revenues | Residential | Commercial | Industrial | Other retail revenues | Total electric retail | Wholesale revenues | Transmission revenues | Other revenues | Operating revenues | Fuel and purchased power | SPP network transmission costs | Utility gross margin(a) |"}
{"_id": "d8b55c24e", "title": "", "text": "| Years Ended December 31, | (in millions) | Net income (loss) | Depreciation and amortization | Income tax expense (benefit) | Interest expense, net | EBITDA | Non-cash equity-based compensation | Sponsor fees | Consulting and debt-related professional fees | Goodwill impairment | Net loss (gain) on extinguishments of long-term debt | Litigation, net(i) | IPO- and secondary-offering related expenses | Other adjustments(ii) | Adjusted EBITDA |"}
{"_id": "d82afa70e", "title": "", "text": "Intuit Health In July 2013 management having the authority to do so formally approved a plan to sell our Intuit Health business and on August 19, 2013 we completed the sale for cash consideration that was not significant.\nWe recorded a $4 million pre-tax loss on the disposal of Intuit Health that was more than offset by a related income tax benefit of approximately $14 million, resulting in a net gain on disposal of approximately $10 million in the first quarter of fiscal 2014.\nThe decision to sell the Intuit Health business was a result of management's desire to focus resources on its offerings for small businesses, consumers, and accounting professionals.\nIntuit Health was part of our former Other Businesses reportable segment.\nWe determined that our Intuit Health business became a long-lived asset held for sale in the fourth quarter of fiscal 2013.\nA long-lived asset classified as held for sale is measured at the lower of its carrying amount or fair value less cost to sell.\nSince the carrying value of Intuit Health at July 31, 2013 was less than the estimated fair value less cost to sell, no adjustment to the carrying value of this long-lived asset was necessary at that date.\nWe also classified our Intuit Health business as discontinued operations in the fourth quarter of fiscal 2013 and have segregated its operating results in our statements of operations for all periods presented.\nSee the table later in this Note for more information.\nWe have not segregated the net assets of Intuit Health on our balance sheets for any period presented.\nNet assets held for sale at July 31, 2013 consisted primarily of operating assets and liabilities that were not material.\nBecause operating cash flows from the Intuit Health business were also not material for any period presented, we have not segregated them from continuing operations on our statements of cash flows."}
{"_id": "d8c57dbaa", "title": "", "text": "| 2007 2006 | (In millions) | Commodity Instruments | Fair value hedges:(a) | Exchange-traded commodity futures | OTC commodity swaps | Non-hedge designation: | Exchange-traded commodity futures | Exchange-traded commodity options | OTC commodity swaps | OTC commodity options | Nontraditional Instruments | Long-term U.K. natural gas contracts(b) | Physical commodity contracts(c) | Financial Instruments | Fair value hedges: | OTC interest rate swaps(d) | Cash flow hedges: (e) | OTC foreign currency forwards | (Dollars in millions) | Long-term debt due within one year | Long-term debt | Total debt | Cash | Trusteed funds from revenue bonds(a) | Equity | Calculation: | Total debt | Minus cash | Minus trusteed funds from revenue bonds | Total debt minus cash | Total debt | Plus equity | Minus cash | Minus trusteed funds from revenue bonds | Total debt plus equity minus cash | Cash-adjusted debt-to-capital ratio | December 31, | (In millions) | Beginning balance | Total realized and unrealized losses (gains): | Included in net income | Included in other comprehensive income | Purchases, sales, issuances and settlements, net | Ending balance |"}
{"_id": "d8b3fe7da", "title": "", "text": "| (Amounts in Thousands)(a)(b) 2016 2015 | MWh of electricity | MMBtu of natural gas | Gallons of vehicle fuel |"}
{"_id": "d8d7575d8", "title": "", "text": "| December 31, 2009 | Derivative Assets | (In millions) | Quoted prices in active markets for identical assets and liabilities (Level 1) | Significant other observable inputs (Level 2) | Significant unobservable inputs (Level 3) | Total estimated fair value |"}
{"_id": "d8753470c", "title": "", "text": "A key strength of the Firm is its diversified deposit franchise, through each of its lines of business, which provides a stable source of funding and limits reliance on the wholesale funding markets.\nA significant portion of the Firms deposits are consumer deposits, which are considered a stable source of liquidity.\nAdditionally, the majority of the Firms wholesale operating deposits are also considered to be stable sources of liquidity because they are generated from customers that maintain operating service relationships with the Firm.\nThe Firms loans-to-deposits ratio was 65% at both December 31, 2016 and 2015.\nAs of December 31, 2016, total deposits for the Firm were $1,375.2 billion, compared with $1,279.7 billion at December 31, 2015 (61% of total liabilities at each of December 31, 2016 and 2015).\nThe increase was attributable to higher consumer and wholesale deposits.\nThe increase in consumer deposits reflected continuing strong growth from existing and new customers, and the impact of low attrition rates.\nThe wholesale increase was driven by growth in operating deposits related to client activity in CIBs Treasury Services business, and inflows in AWM primarily from business growth and the impact of new rules governing money market funds.\nThe Firm believes average deposit balances are generally more representative of deposit trends.\nThe increase in average deposits for the year ended December 31, 2016 compared with the year ended December 31, 2015, was predominantly driven by an increase in consumer deposits, partially offset by a reduction in wholesale non-operating deposits, driven by the Firms actions in 2015 to reduce such deposits.\nFor further discussions of deposit and liability balance trends, see the discussion of the Firms business segments results and the Consolidated Balance Sheet Analysis on pages 5170 and pages 43 44, respectively."}
{"_id": "d8a994b8c", "title": "", "text": "| December 31 | Commercial Utilized-1 | (Dollars in millions) | Loans and leases | Derivative assets-4 | Standby letters of credit and financial guarantees | Debt securities and other investments-5 | Loansheld-for-sale | Commercial letters of credit | Bankers’ acceptances | Foreclosed properties and other | Total commercial credit exposure |"}
{"_id": "d8eedf688", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) NOTE 12—RELATED PARTY TRANSACTIONS In the course of settling money transfer transactions, we purchase foreign currency from Consultoria Internacional Casa de Cambio (“CISA”), a Mexican company partially owned by certain of our employees.\nAs of March 31, 2008, Mr.  Raúl Limón Cortes, a 10% shareholder of CISA, was no longer an employee, and we no longer considered CISA a related party.\nWe purchased 6.1 billion Mexican pesos for $560.3 million during the ten months ended March 31, 2008 and 8.1 billion Mexican pesos for $736.0 million during fiscal 2007 from CISA.\nWe believe these currency transactions were executed at prevailing market exchange rates.\nAlso from time to time, money transfer transactions are settled at destination facilities owned by CISA.\nWe incurred related settlement expenses, included in cost of service in the accompanying consolidated statements of income of $0.5 million in the ten months ended March 31, 2008.\nIn fiscal 2007 and 2006, we incurred related settlement expenses, included in cost of service in the accompanying consolidated statements of income of $0.7 and $0.6 million, respectively.\nIn the normal course of business, we periodically utilize the services of contractors to provide software development services.\nOne of our employees, hired in April 2005, is also an employee, officer, and part owner of a firm that provides such services.\nThe services provided by this firm primarily relate to software development in connection with our planned next generation front-end processing system in the United States.\nDuring fiscal 2008, we capitalized fees paid to this firm of $0.3 million.\nAs of May 31, 2008 and 2007, capitalized amounts paid to this firm of $4.9 million and $4.6 million, respectively, were included in property and equipment in the accompanying consolidated balance sheets.\nIn addition, we expensed amounts paid to this firm of $0.3 million, $0.1 million and $0.5 million in the years ended May 31, 2008, 2007 and 2006, respectively.\nNOTE 13—COMMITMENTS AND CONTINGENCIES Leases We conduct a major part of our operations using leased facilities and equipment.\nMany of these leases have renewal and purchase options and provide that we pay the cost of property taxes, insurance and maintenance.\nRent expense on all operating leases for fiscal 2008, 2007 and 2006 was $30.4 million, $27.1 million, and $24.4 million, respectively.\nFuture minimum lease payments for all noncancelable leases at May 31, 2008 were as follows:"}
{"_id": "d88cc7e96", "title": "", "text": "Liquidity Risk and Capital Management Liquidity Risk Liquidity is the ongoing ability to accommodate liability maturities and deposit withdrawals, fund asset growth and business operations, and meet contractual obligations through unconstrained access to funding at reasonable market rates.\nLiquidity management involves forecasting funding requirements and maintaining sufficient capacity to meet the needs and accommodate fluctuations in asset and liability levels due to changes in our business operations or unanticipated events.\nSources of liquidity include deposits and other customer-based funding, wholesale market-based funding, and liquidity provided by the sale or securitization of assets.\nWe manage liquidity at two levels.\nThe first is the liquidity of the parent company, which is the holding company that owns the banking and nonbanking subsidiaries.\nThe second is the liquidity of the banking subsidiaries.\nThe management of liquidity at both levels is essential because the parent company and banking subsidiaries each have different funding needs and sources, and each are subject to certain regulatory guidelines and requirements.\nThrough ALCO, the Finance Committee is responsible for establishing our liquidity policy as well as approving operating and contingency procedures, and monitoring liquidity on an ongoing basis.\nCorporate Treasury is responsible for planning and executing our funding activities and strategy.\nIn order to ensure adequate liquidity through the full range of potential operating environments and market conditions, we conduct our liquidity management and business activities in a manner that will preserve and enhance funding stability, flexibility, and diversity.\nKey components of this operating strategy include a strong focus on customer-based funding, maintaining direct relationships with wholesale market funding providers, and maintaining the ability to liquefy certain assets when, and if, requirements warrant.\nWe develop and maintain contingency funding plans for both the parent company and bank liquidity positions.\nThese plans evaluate our liquidity position under various operating circumstances and allow us to ensure that we would be able to operate though a period of stress when access to normal sources of funding is constrained.\nThe plans project funding requirements during a potential period of stress, specify and quantify sources of liquidity, outline actions and procedures for effectively managing through the problem period, and define roles and responsibilities.\nThey are reviewed and approved annually by ALCO.\nOur borrowing costs and ability to raise funds are directly impacted by our credit ratings.\nThe credit ratings of Bank of America Corporation and Bank of America, National Association (Bank of America, N. A. )\nare reflected in the table below."}
{"_id": "d85ff2bdc", "title": "", "text": "| (Dollars in millions) 2013 2012 2011 | Price risk on mortgage banking production income-1, 2 | Market-related risk on mortgage banking servicing income-1 | Credit risk on loans-3 | Interest rate and foreign currency risk on ALM activities-4 | Price risk on restricted stock awards-5 | Other | Total |"}
{"_id": "d8623cef6", "title": "", "text": "| September 25, 2010 | Less than 12 Months | Fair Value | Certificates of deposit and time deposits | Corporate securities | Municipal securities | Total | September 26, 2009 | Less than 12 Months | Fair Value | Corporate securities |"}
{"_id": "d810cc7ba", "title": "", "text": "| Years Ended December 31, | 2007 | (In millions) | Total intrinsic value of stock options exercised | Cash received from exercise of stock options | Tax benefit realized from stock options exercised |"}
{"_id": "d8c118fec", "title": "", "text": "(4) Represents depreciation and amortization from continuing operations.\n(5) Represents the effect of foreign currency translation by translating results at an average exchange rate for the periods measured.\n(6) Represents three-year weighted-average adjusted cash used for investing activities, determined by applying the weightings below to the adjusted cash used for investing activities for each quarter in the four-year period ended December 31, 2008."}
{"_id": "d89b7bee2", "title": "", "text": "PERFORMANCE GRAPH This graph compares the return on Lilly stock with that of the Standard & Poor’s 500 Stock Index and our peer group for the years 2014 through 2018.\nThe graph assumes that, on December 31, 2013, a person invested $100 each in Lilly stock, the S&P 500 Stock Index, and the peer groups' common stock.\nThe graph measures total shareholder return, which takes into account both stock price and dividends.\nIt assumes that dividends paid by a company are reinvested in that company’s stock.\nValue of $100 Invested on Last Business Day of 2013 Comparison of Five-Year Cumulative Total Return Among Lilly, S&P 500 Stock Index, Peer Group(1)"}
{"_id": "d8a7dd06e", "title": "", "text": "| (Billions of cubic feet) United States Europe West (a) Africa Consolidated Equity Investees Continuing Operations Discontinued Operations | Natural Gas | Proved developed and undeveloped reserves: | Beginning of year – 2001 | Purchase of reserves in place(b) | Revisions of previous estimates | Improved recovery | Extensions, discoveries and other additions | Production(c) | Sales of reserves in place(b) | End of year – 2001 | Purchase of reserves in place(b) | Revisions of previous estimates | Improved recovery | Extensions, discoveries and other additions | Production(c) | Sales of reserves in place(b) | End of year – 2002 | Purchase of reserves in place(b) | Revisions of previous estimates | Improved recovery | Extensions, discoveries and other additions | Production(c) | Sales of reserves in place(b) | End of year – 2003 | Proved developed reserves: | Beginning of year – 2001 | End of year – 2001 | End of year – 2002 | End of year – 2003 |"}
{"_id": "d8ba20e42", "title": "", "text": "| In millions of dollars U.S. pension and postretirement benefit plans | Asset categories | Equity securities | U.S. equity | Non-U.S. equity | Debt securities | U.S. corporate bonds | Non-U.S corporate bonds | Hedge funds | Annuity contracts | Private equity | Other investments | Total assets | In millions of dollars | Asset categories | Equity securities | Non-U.S. equity | Debt securities | Non-U.S. corporate bonds | Hedge funds | Annuity contracts | Other investments | Total assets |"}
{"_id": "d89e3c514", "title": "", "text": "Stock Compensation Plans Under the Companys 2002 Stock Incentive Plan, executive officers and key employees may be granted options to purchase the Companys common stock at no less than 100% of the market price on the date the option is granted.\nOptions generally become exercisable in installments of 25% per year on each of the first through the fourth anniversaries of the grant date and have a maximum term of 10 years.\nAdditionally, the plan provides for the granting of stock appreciation rights whereby the grantee may surrender exercisable rights and receive common stock and/or cash measured by the excess of the market price of the common stock over the option exercise price.\nUnder the terms of the 2002 Stock Incentive Plan, authorized shares include 0.9% of the outstanding shares per year through 2007, as well as the number of shares tendered in a prior year to pay the purchase price of options and the number of shares previously utilized to satisfy withholding tax obligations upon exercise.\nShares which were available for grant in a prior year but were not granted in such year and shares which were cancelled, forfeited or expired are also available for future grant.\nThe 2002 Stock Incentive Plan provides for the granting of common stock to key employees, subject to restrictions as to continuous employment.\nRestrictions generally expire over a five-year period from date of grant.\nCompensation expense is recognized over the restricted period.\nAt December 31, 2005 and 2004, there were 4.2 million and 2.9 million shares of restricted stock outstanding under the plan, respectively.\nIn 2005, 1.8 million shares of restricted stock were granted with a fair value of $24.61 per common share.\nThe 2002 Stock Incentive Plan also incorporates the Company's long-term performance awards.\nThese awards, which are delivered in the form of a target number of performance shares, have a three-year cycle.\nFor 2004 to 2006, the awards will be based 50% on cumulative EPS, 50% on cumulative sales, with the ultimate payout modified by the Companys total stockholder return versus the 11 companies in its proxy peer group.\nIf threshold targets are not met for the performance period, no payment will be made under the long-term performance award plan.\nMaximum performance for all three measures will result in a maximum payout of 253% of target.\nAt December 31, 2005 and 2004, there were 1.8 million and 0.9 million performance shares outstanding under the plan, respectively.\nIn 2005, 1.1 million performance shares were granted with a fair value of $25.45 per common share."}
{"_id": "d8a9f8632", "title": "", "text": "Acquisition of certain assets of Zayante, Inc. , Prismo Graphics, and Silicon Grail During fiscal 2002 the Company acquired certain technology and patent rights of Zayante, Inc. , Prismo Graphics, and Silicon Grail Corporation for a total of $20 million in cash.\nThese transactions have been accounted for as asset acquisitions.\nThe purchase price for these asset acquisitions, except for $1 million identified as contingent consideration which would be allocated to compensation expense over the following 3 years, has been allocated to acquired technology and would be amortized on a straight-line basis over 3 years, except for certain assets acquired from Zayante associated with patent royalty streams that would be amortized over 10 years."}
{"_id": "d875d0134", "title": "", "text": "| Fiscal2014 Fiscal2013 Fiscal2012 % Change2014-2013 % Change2013-2012 | Digital Media | Percentage of total revenue | Digital Marketing | Percentage of total revenue | Print and Publishing | Percentage of total revenue | Total revenue |"}
{"_id": "d8a894af2", "title": "", "text": "| 2011 2010 2009 | Balance, January 1 | Deferred Costs | Amortization — DAC | Amortization — DAC from discontinued operations | Amortization — Unlock benefit (charge), pre-tax [1] | Adjustments to unrealized gains and losses on securities available-for-sale and other [2] | Effect of currency translation | Cumulative effect of accounting change, pre-tax [3] | Balance, December 31 |"}
{"_id": "d86c2cd62", "title": "", "text": "Commissions Commissions revenue increased 9% to $456 million for the year ended December 31, 2014 compared to 2013.\nThe main factors that affect commissions are DARTs, average commission per trade and the number of trading days.\nDART volume increased 12% to 168,474 for the year ended December 31, 2014 compared to 2013.\nOption-related DARTs as a percentage of total DARTs represented 22% of trading volume for the year ended December 31, 2014, compared to 24% in 2013.\nAverage commission per trade decreased 3% to $10.81 for the year ended December 31, 2014 compared to 2013.\nAverage commission per trade is impacted by customer mix and the different commission rates on various trade types (e. g.  equities, options, fixed income, stock plan, exchange-traded funds, mutual funds, forex and cross border).\nAccordingly, changes in the mix of trade types will impact average commission per trade.\nNotes to Consolidated Financial Statements Guarantees of Subsidiaries.\nGroup Inc.  fully and unconditionally guarantees the securities issued by GS Finance Corp. , a wholly-owned finance subsidiary of the firm.\nGroup Inc.  has guaranteed the payment obligations of Goldman, Sachs & Co.  (GS&Co.\n), GS Bank USA and Goldman Sachs Execution & Clearing, L. P.  (GSEC), subject to certain exceptions.\nIn November 2008, the firm contributed subsidiaries into GS Bank USA, and Group Inc.  agreed to guarantee the reimbursement of certain losses, including credit-related losses, relating to assets held by the contributed entities.\nIn connection with this guarantee, Group Inc.  also agreed to pledge to GS Bank USA certain collateral, including interests in subsidiaries and other illiquid assets.\nIn addition, Group Inc.  guarantees many of the obligations of its other consolidated subsidiaries on a transaction-bytransaction basis, as negotiated with counterparties.\nGroup Inc.  is unable to develop an estimate of the maximum payout under its subsidiary guarantees; however, because these guaranteed obligations are also obligations of consolidated subsidiaries, Group Inc. s liabilities as guarantor are not separately disclosed.\nNote 19.\nShareholders Equity Common Equity Dividends declared per common share were $2.25 in 2014, $2.05 in 2013 and $1.77 in 2012.\nOn January 15, 2015, Group Inc.  declared a dividend of $0.60 per common share to be paid on March 30, 2015 to common shareholders of record on March 2, 2015.\nThe firms share repurchase program is intended to help maintain the appropriate level of common equity.\nThe share repurchase program is effected primarily through regular open-market purchases (which may include repurchase plans designed to comply with Rule 10b5-1), the amounts and timing of which are determined primarily by the firms current and projected capital position, but which may also be influenced by general market conditions and the prevailing price and trading volumes of the firms common stock.\nPrior to repurchasing common stock, the firm must receive confirmation that the Federal Reserve Board does not object to such capital actions.\nThe table below presents the amount of common stock repurchased by the firm under the share repurchase program during 2014, 2013 and 2012."}
{"_id": "d8ccb9888", "title": "", "text": "to time in our marketing operations, none of our counterparty agreements contain margin requirements.\nSee additional information included in Critical Accounting Policies and Estimates – Derivative Instruments and Hedging Activities and Item 7A.\nQuantitative and Qualitative Disclosures About Market Risk.\nAccounts Receivable We have accounts receivable from sales of our crude oil, natural gas and NGLs, as well as electricity.\nWe also have accounts receivable related to our joint venture partners.\nSome of these parties are not as creditworthy as we are and may experience liquidity problems.\nWe have obtained credit enhancements from some parties in the way of parental guarantees or letters of credit, including our largest international crude oil purchaser; however, not all of our trade credit is protected through guarantees or credit support.\nNonperformance by a trade creditor or joint venture partner could result in losses.\nOther than reductions in the carrying value of a receivable from SemCrude, L. P. , a crude oil purchaser that declared bankruptcy in 2008 and certain entities purchasing electricity in Ecuador, we have experienced no significant collection issues with purchasers or joint venture partners.\nSee Item 8.\nFinancial Statements and Supplementary Data – Note 2.\nSummary of Significant Accounting Policies.\nCash Flows Summary cash flow information is as follows:"}
{"_id": "d8bc95344", "title": "", "text": "| December 31, | 2015 | (in billions) | Advice & Wealth Management AUM | Asset Management AUM | Corporate & Other AUM | Eliminations | Total Assets Under Management | Total Assets Under Administration | Total AUM and AUA | 2007 | Risk-free interest rates | Expected volatility | Dividend yields | Expected lives |"}
{"_id": "d8745189e", "title": "", "text": "| Amount of Commitment Expiration per Period | Total Amounts Committed | ($ in millions) | Standby Letters of Credit and Performance Bonds | Guarantees | Contingent Acquisition Consideration | Total |"}
{"_id": "d8ed98bf8", "title": "", "text": "| Cash, net of cash acquired $1,734 | Fair value of contingent consideration | $1,797 | Goodwill | Amortizable intangible assets | Indefinite-lived intangible assets | Inventory | Property, Plant and Equipment | Other net assets | Deferred income taxes | $1,797 | AmountAssigned(in millions) | Amortizable intangible assets: | Technology-related | Customer relationships | Other intangible assets | Indefinite-lived intangible assets: | In-process research & development | $1,080 |"}
{"_id": "d8caba122", "title": "", "text": "| Vested benefit obligation $-98,512 | Accumulated benefit obligation | Projected benefit obligation | Plan assets at fair value at September 30, 1998 | Unrecognized transition liability | Unrecognized net gain | Unrecognized prior service cost | Prepaid pension cost at December 31, 1998 |"}
{"_id": "d8a348f3a", "title": "", "text": "| 2009 Quarters 2008 Quarters | Fourth | Income statement data | In thousands, except per share | Net income | Net income | Amortization of core deposit and other intangible assets(a) | Merger-related gain(a) | Merger-related expenses(a) | Net operating income | Earnings per common share | Diluted earnings per common share | Amortization of core deposit and other intangible assets(a) | Merger-related gain(a) | Merger-related expenses(a) | Diluted net operating earnings per common share | Other expense | Other expense | Amortization of core deposit and other intangible assets | Merger-related expenses | Noninterest operating expense | Merger-related expenses | Salaries and employee benefits | Equipment and net occupancy | Printing, postage and supplies | Other costs of operations | Total | Balance sheet data | In millions | Average assets | Average assets | Goodwill | Core deposit and other intangible assets | Deferred taxes | Average tangible assets | Average common equity | Average total equity | Preferred stock | Average common equity | Goodwill | Core deposit and other intangible assets | Deferred taxes | Average tangible common equity | At end of quarter | Total assets | Total assets | Goodwill | Core deposit and other intangible assets | Deferred taxes | Total tangible assets | Total common equity | Total equity | Preferred stock | Unamortized discount and undeclared dividends — preferred stock | Total common equity | Goodwill | Core deposit and other intangible assets | Deferred taxes | Total tangible common equity |"}
{"_id": "d85e0b454", "title": "", "text": "| As of December 31, 2004 | Exercise Price | $130.65 | $ 0.003 |"}
{"_id": "d8aefb440", "title": "", "text": "| 2001  Restructuring Expense 2001 Cash Payments Liability as of  December 31, 2001 2002  Restructuring Expense 2002 Cash Payments Liability as of  December 31, 2002 | Restructuring costs | Employee separations | Lease terminations and other facility closing costs | Total | Held | Net Charge-offs | (Dollars in millions) | Residential mortgage | Credit card – domestic | Credit card – foreign | Home equity | Direct/Indirect consumer | Other consumer | Total consumer |"}
{"_id": "d8f25f4e8", "title": "", "text": "Dividend and Other Capital-Related Restrictions  The Articles of Incorporation of Xcel Energy place restrictions on the amount of common stock dividends it can pay when preferred stock is outstanding.\nUnder the provisions, dividend payments may be restricted if Xcel Energys capitalization ratio (on a holding company basis only and not on a consolidated basis) is less than 25 percent.\nFor these purposes, the capitalization ratio is equal to (i) common stock plus surplus divided by (ii) the sum of common stock plus surplus plus long-term debt.\nBased on this definition, the capitalization ratio at Dec.  31, 2008 and 2007, was 84 percent and 85 percent, respectively.\nTherefore, the restrictions do not place any effective limit on Xcel Energys ability to pay dividends because the restrictions are only triggered when the capitalization ratio is less than 25 percent or will be reduced to less than 25 percent through dividends (other than dividends payable in common stock), distributions or acquisitions of Xcel Energy common stock.\nIn addition, NSP-Minnesotas first mortgage indenture places certain restrictions on the amount of cash dividends it can pay to Xcel Energy, the holder of its common stock.\nEven with these restrictions, NSP-Minnesota could have paid more than $999 million and $946 million in additional cash dividends on common stock at Dec.  31, 2008 and 2007, respectively.\nThe issuance of securities by Xcel Energy generally is not subject to regulatory approval.\nHowever, utility financings and certain intra-system financings are subject to the jurisdiction of the applicable state regulatory commissions and/or the FERC under the Federal Power Act.  ?\nPSCo currently has authorization to issue up to $250 million of long-term debt and up to $800 million of short-term debt at any one time outstanding.\nPSCo has filed an application with the CPUC to increase the long-term debt authorization to $800 million.  ?\nSPS currently has authorization to issue up to $400 million in short-term debt.  ?\nNSP-Wisconsin currently has authorization to issue up to $250 million of long-term debt and $100 million of short-term debt.  ?\nNSP-Minnesota has authorization to issue long-term securities provided the equity ratio remain between 46.26 percent and 56.54 percent and to issue short-term debt provided it does not exceed 15 percent of total capitalization.\nTotal capitalization for NSP-Minnesota cannot exceed $7.5 billion.\nXcel Energy believes these authorizations are adequate and will seek additional authorization when necessary, however, there can be no assurance that additional authorization will be granted on the timeframe or in the amounts requested.\nThe FERC has granted a blanket authorization for certain intra-system financings involving holding companies.\nThe utility subsidiaries participate in the money pool, in amounts ranging from $250 million for each of NSP-Minnesota and PSCo, to $100 million for SPS and $100 million for NSP-Wisconsin to borrow only from NSP-Minnesota.\nNSP-Wisconsin is not authorized and does not participate in the money pool.\nStockholder Protection Rights Agreement  In June 2001, Xcel Energy adopted a Stockholder Protection Rights Agreement (Rights Agreement) pursuant to which each share of Xcel Energys common stock included one shareholder protection right.\nOn Dec.  11, 2008, Xcel Energy amended the Rights Agreement, changing the expiration date of the agreement from June 28, 2011 to Dec.  11, 2008.\nAccordingly, the Rights Agreement expired on Dec.  11, 2008, and all associated rights have expired.10.\nShare-Based Compensation Stock Options  Xcel Energy has incentive compensation plans under which stock options and other performance incentives are awarded to key employees.\nIn the past, Xcel Energy issued stock options, but has not granted stock"}
{"_id": "d8ed6db24", "title": "", "text": "In 2016, advertising revenue increased by 13% compared to 2015.\nForeign exchange effect did not have a material impact on advertising revenue in 2016.\nThe substantial majority of our advertising revenue was generated from our owned and operated platform.\nAdvertising revenue generated from the sale of our advertising products on our owned and operated platform in 2016 was $1.99 billion as compared to $1.80 billion in 2015.\nAdvertising revenue generated from the sale of our advertising products placed on third-party publishers websites, applications and other offerings in 2016 was $260.2 million as compared to $194.2 million in 2015, which increase was driven, in part, by the acquisition of TellApart in May 2015 and from the growth of sales in our organically-built advertising network, Twitter Audience Platform.\nThe overall increase in advertising revenue was primarily attributable to a 152% increase in the number of ad engagements offset by a 55% decrease in average cost per ad engagement in 2016 compared to 2015.\nThe increase in ad engagements was driven by continued adoption of auto-play video and an increase in ad load.\nThe decrease in average cost per ad engagement was due primarily to the shift to auto-play video, which delivers more engagement at a much lower average cost per engagement than click-to-play video ads and decreases in same-format prices for most of our other advertising products.\nAdvertising revenue continued to be driven by growth in demand for our advertising products, particularly video as well as growth in our advertising base.\nStrength from our video ad format, however, was offset by year-over-year declines in revenue generated from our traditional Promoted Tweet ad format.\nIn 2016, data licensing and other revenue increased by 26% compared to 2015.\nThe increase was primarily attributable to growth in mobile advertising exchange services and to a lesser extent an increase in data licensing fees from the offering of data products.\nCost of Revenue Cost of revenue includes infrastructure costs, other direct costs including content costs, amortization of acquired intangible assets and amortization of capitalized labor costs for internally developed software, allocated facilities costs, as well as traffic acquisition costs, or TAC.\nInfrastructure costs consist primarily of data center costs related to our co-located facilities, which include lease and hosting costs, related support and maintenance costs and energy and bandwidth costs; as well as depreciation of servers and networking equipment; and personnel-related costs, including salaries, benefits and stock-based compensation, for our operations teams.\nTAC consists of costs we incur with third parties in connection with the sale to advertisers of our advertising products that we place on third-party publishers websites, applications or other offerings collectively resulting from acquisitions, and from our organically-built advertising network, Twitter Audience Platform.\nMany of the elements of our cost of revenue are fixed, and cannot be reduced in the near term."}
{"_id": "d8c948406", "title": "", "text": "PRUDENTIAL FINANCIAL, INC.  Notes to Consolidated Financial Statements 20.\nFAIR VALUE OF ASSETS AND LIABILITIES (continued) Nonrecurring Fair Value Measurements—Certain assets and liabilities are measured at fair value on a nonrecurring basis.\nNonrecurring fair value adjustments resulted in $73 million of losses being recorded for the year ended December 31, 2010 on certain commercial mortgage loans.\nThe carrying value of these loans as of December 31, 2010 was $267 million.\nSimilar losses on commercial mortgage loans of $200 million and $36 million were recorded for the years ended December 31, 2009 and 2008.\nThe adjustments were based on either discounted cash flows utilizing market rates or the fair value of the underlying real estate collateral and were classified as Level 3 in the hierarchy.\nIn addition, losses of $38 million were recorded for the year ended December 31, 2008 related to commercial loans that were carried at the lower of cost or market.\nThe fair value measurements were classified as Level 3 in the valuation hierarchy.\nThe inputs utilized for these valuations are pricing indicators from the whole loan market, which the Company considers its principal market for these loans.\nImpairments of $6 million, $55 million and $26 million were recorded for the years ended December 31, 2010, 2009 and 2008, respectively, on certain cost method investments.\nThe carrying value as of December 31, 2010 of these investments was $165 million.\nIn addition, impairments of $4 million, $12 million and $14 million were recorded for the years ended December 31, 2010, 2009 and 2008, respectively, on certain equity method investments.\nThese fair value adjustments were based on inputs classified as Level 3 in the valuation hierarchy.\nThe inputs utilized were primarily discounted estimated future cash flows and, where appropriate, valuations provided by the general partners taken into consideration with deal and management fee expenses.\nImpairments of $6 million and $12 million for the years ended December 31, 2010 and 2009, respectively, were recorded for mortgage servicing rights.\nThe impairments were based on internal models and were classified as Level 3 in the hierarchy.\nIn addition, impairments of $7 million for the year ended December 31, 2009 were recorded for real estate investments, some of which were classified as discontinued operations.\nThe impairments were based on appraisal values or purchase agreements and were classified as Level 3 in the hierarchy.\nFor the year ended December 31, 2008, the Company recorded impairments of $316 million on certain equity method investments in operating joint ventures held within the international investments segment.\nThe inputs used in determining these impairments were classified as Level 3 in the valuation hierarchy and consisted primarily of market multiples and discounted cash flows.\nAs discussed in more detail in Note 9, the Company recorded goodwill impairments of $337 million during the year ended December 31, 2008.\nThe inputs were classified as Level 3 and primarily consisted of discounted cash flows and market multiples.\nFair Value Option—The following table presents information regarding changes in fair values recorded in earnings for commercial mortgage loans, other long-term investments and long-term debt, where the fair value option has been elected."}
{"_id": "d8eaff3ce", "title": "", "text": "The above contracts are subject to enforceable master netting arrangements that provide rights of offset with each counterparty when amounts are payable on the same date in the same currency or in the case of certain specified defaults.\nManagement has made an accounting policy election to not offset the fair value of recognized derivative assets and derivative liabilities in the consolidated balance sheet.\nThe amounts owed to the counterparties and owed to the Company are considered immaterial with respect to each counterparty and in the aggregate with all counterparties.\nCredit-Risk-Related Contingent Features International Paper evaluates credit risk by monitoring its exposure with each counterparty to ensure that exposure stays within acceptable policy limits.\nCredit risk is also mitigated by contractual provisions with the majority of our banks.\nCertain of the contracts include a credit support annex that requires the posting of collateral by the counterparty or International Paper based on each partys rating and level of exposure.\nBased on the Companys current credit rating, the collateral threshold is generally $15 million.\nIf the lower of the Companys credit rating by Moodys or S&P were to drop below investment grade, the Company would be required to post collateral for all of its derivatives in a net liability position, although no derivatives would terminate.\nAs of December 31, 2018 and 2017, there were no derivative instruments containing credit-risk-related contingent features in a net liability position.\nThe Company was not required to post any collateral as of December 31, 2018 or 2017."}
{"_id": "d8827ad76", "title": "", "text": "The fair value of non-employee share awards released for the years ended December 31, 2006 was $1 million.\nThere were no non-employee awards released during the years ended December 31, 2005 and 2004.\nUnrecognized Compensation Cost Unrecognized compensation cost for employee stock options as of December 31, 2006 was $40 million with a weighted average recognition period of 1.61 years.\nUnrecognized compensation cost for employee restricted stock awards, restricted stock units, and performance share awards as of December 31, 2006 was $107 million with a weighted average recognition period of 1.79 years.\nUnrecognized compensation cost for non-employee stock options as of December 31, 2006 was $1 million with a weighted average recognition period of 1.16 years.\nUnrecognized compensation cost for non-employee restricted stock awards and restricted stock units as of December 31, 2006 was $5 million with a weighted average recognition period of 2.09 years.\nTax Benefits Realized The tax benefit realized for exercises of employee and non-employee stock options during the years ended December 31, 2006, 2005 and 2004 was $69 million, $58 million and $20 million, respectively.\nThe tax benefit realized upon vesting of restricted stock shares, restricted stock units, and performance shares for the years ended December 31, 2006, 2005 and 2004 was $52 million, $4 million and $2 million, respectively.\nSettlement of Awards The Company’s policy is to issue shares from Common Stock held in treasury upon exercise of employee and non-employee stock options as well as for the release of restricted stock shares, restricted stock units, and performance shares.\nAs of December 31, 2006, the company has not settled any equity instruments granted under share-based payment arrangements in cash."}
{"_id": "d8d8cc774", "title": "", "text": "Note 13—Retirement Plans: Defined Contribution Plans The Company sponsors several defined contribution plans, including the Leidos, Inc.  Retirement Plan which is both a 401(k) plan and an employee stock ownership plan, in which most employees are eligible to participate.\nThese plans allow eligible participants to contribute a portion of their income through payroll deductions and the Company may also make discretionary contributions.\nCompany contributions expensed for defined contribution plans were $81 million, $92 million and $95 million in fiscal 2014, 2013, and 2012, respectively.\nAt the end of fiscal 2014, the Company elected to decrease its discretionary employer match contribution percentage and also provided for an additional Company contribution to be given to all eligible employees, regardless of whether the employee participates in the 401(k) plan, payable at the end of the calendar year to all employees employed on the last day of the calendar year, with certain exceptions.\nDeferred Compensation Plans The Company maintains two deferred compensation plans, the Keystaff Deferral Plan (KDP) and the Key Executive Stock Deferral Plan (KESDP), for the benefit of certain management or highly compensated employees or directors and allows eligible participants to elect to defer all or a portion of their annual bonus, sign-on bonus or certain other bonuses.\nDirectors\nPART II acquisition.\nThe internal revenue contraction reflects a decline in our commercial and federal health business driven by lower hospital IT spending trends ($112 million), lower volume in engineering services for the U. S.  Government and commercial customers ($91 million) and the completion of energy design-build construction projects ($24 million).\nHealth and Engineering revenues increased $213 million, or 13%, for fiscal 2013 as compared to fiscal 2012.\nThis increase was primarily driven by revenues from acquired businesses, including the August 2012 acquisition of maxIT and the August 2011 acquisition of Vitalize.\nInternal revenues grew 2%, reflecting increases in healthcare IT consulting services with commercial clients ($87 million), increased activity related to energy design-build construction projects ($27 million) and increased unit deliveries and related maintenance of our non-intrusive inspection engineering products ($13 million).\nThese increases were partially offset by lower volume in engineering services for U. S.  Government customers ($48 million) and program completions with federal health information technology customers, particularly with the DoD military health system ($47 million).\nHealth and Engineering operating income decreased $119 million, or 85%, for fiscal 2014 compared to fiscal 2013.\nThe decrease was primarily attributable to bad debt expense for certain receivables related to two energy design-build construction projects ($41 million), an impairment of intangible assets acquired from the fiscal 2011 acquisition of Reveal Imaging Technologies ($30 million), and an impairment of intangible assets acquired in connection with the fiscal year 2012 and 2013 acquisitions of Vitalize and maxIT ($19 million).\nThere was also an increase in net unfavorable change in contract estimates ($4 million) primarily related to increased expenses associated with a completion estimate for an energy design-build construction fixed price project and lower revenue volume.\nHealth and Engineering operating income remained relatively constant for fiscal 2013 as compared to fiscal 2012.\nOperating income was favorably impacted primarily due to higher revenue volume, a reduction in research and development expense ($19 million) resulting from the advancement through the product development life cycle of new non-intrusive inspection system offerings, as well as the loss provision related to a data privacy litigation matter ($9 million) in the prior year period, which is discussed in Note 17 of the combined notes to the consolidated financial statements.\nThese increases were partially offset by a net unfavorable change in contract estimates ($11 million) primarily related to certain energy and construction projects compared to a net positive change in contract estimates ($3 million) in the prior year period, increased intangible asset amortization expense ($8 million), increased severance expense ($4 million), and costs related to exit a facility associated with a past acquisition ($3 million)."}
{"_id": "d8e47c16e", "title": "", "text": "| 2018 2019 2020 2021 2022 Thereafter Total Fair Value | Debt: | Fixed Rate | Average Interest Rate | Variable Rate | Average Interest Rate |"}
{"_id": "d8cb2d618", "title": "", "text": "| Year Ended December 31, | in billions | Balance, beginning of year | Net inflows/(outflows) Alternative investments | Equity | Fixed income | Total non-money market net inflows/(outflows) | Money markets | Total AUM net inflows/(outflows) | Other client assets net inflows/(outflows) | Total AUS net inflows/(outflows) | Net market appreciation/(depreciation) AUM | Other client assets | Total AUS net market appreciation/(depreciation) | Balance, end of year |"}
{"_id": "d8b10a574", "title": "", "text": "| Fiscal Years Ended | April 2,   2011 | (millions) | Net revenues: | Wholesale | Retail | Licensing | Total net revenues |"}
{"_id": "d89f07afc", "title": "", "text": "| 2011 2010 2009 | Ameren Missouri | Ameren Illinois | Genco(b) | Other(b)(c) | Ameren(b) |"}
{"_id": "d85e207dc", "title": "", "text": "Entergy Corporation and Subsidiaries Notes to Financial Statements 161 liability to $60 million, and recorded the $2.7 million difference as a credit to interest expense.\nThe $60 million remaining liability was eliminated upon payment of the cash portion of the purchase price.\nAs of December 31, 2016, Entergy Louisiana, in connection with the Waterford 3 lease obligation, had a future minimum lease payment (reflecting an interest rate of 8.09%) of $57.5 million, including $2.3 million in interest, due January 2017 that is recorded as long-term debt.\nIn February 2017 the leases were terminated and the leased assets were conveyed to Entergy Louisiana.\nGrand Gulf Lease Obligations In 1988, in two separate but substantially identical transactions, System Energy sold and leased back undivided ownership interests in Grand Gulf for the aggregate sum of $500 million.\nThe initial term of the leases expired in July 2015.\nSystem Energy renewed the leases for fair market value with renewal terms expiring in July 2036.\nAt the end of the new lease renewal terms, System Energy has the option to repurchase the leased interests in Grand Gulf or renew the leases at fair market value.\nIn the event that System Energy does not renew or purchase the interests, System Energy would surrender such interests and their associated entitlement of Grand Gulfs capacity and energy.\nSystem Energy is required to report the sale-leaseback as a financing transaction in its financial statements.\nFor financial reporting purposes, System Energy expenses the interest portion of the lease obligation and the plant depreciation.\nHowever, operating revenues include the recovery of the lease payments because the transactions are accounted for as a sale and leaseback for ratemaking purposes.\nConsistent with a recommendation contained in a FERC audit report, System Energy initially recorded as a net regulatory asset the difference between the recovery of the lease payments and the amounts expensed for interest and depreciation and continues to record this difference as a regulatory asset or liability on an ongoing basis, resulting in a zero net balance for the regulatory asset at the end of the lease term.\nThe amount was a net regulatory liability of $55.6 million and $55.6 million as of December 31, 2016 and 2015, respectively.\nAs of December 31, 2016, System Energy, in connection with the Grand Gulf sale and leaseback transactions, had future minimum lease payments (reflecting an implicit rate of 5.13%) that are recorded as long-term debt, as follows:"}
{"_id": "d82eedadc", "title": "", "text": "| For the Years Ended December 31, Percent Increase (Decrease) | 2018 | ($ in millions) | Personnel | Professional fees | Data processing and telecommunications | Foreign exchange activity1 | Other | General and administrative expenses | Special Item2 | Adjusted general and administrative expenses (excluding Special Item)2 |"}
{"_id": "d8cf92654", "title": "", "text": "| 2016 $976 | 2017 | 2018 | 2019 | 2020 | Thereafter | Total |"}
{"_id": "d8d09a3e4", "title": "", "text": "Application of New Accounting Standards.\nIn November 2005, the FASB issued FASB Staff Position (FSP) FAS 115-1, The Meaning of Other-Than-Temporary Impairment and Its Application to Certain Investments (FAS 115-1), which is effective for reporting periods beginning after December 15, 2005.\nFAS 115-1 addresses the determination as to when an investment is considered impaired, whether the impairment is other than temporary and the measurement of an impairment loss.\nFAS 115-1 also includes accounting considerations subsequent to the recognition of an other-than-temporary impairment and requires certain disclosures about unrealized losses not recognized as other-than-temporary impairments.\nThe Company adopted FAS 115-1 prospectively effective January 1, 2006.\nThe Company believes that all unrealized losses in its investment portfolio are temporary in nature."}
{"_id": "d8740b7e0", "title": "", "text": "| (Losses) Earnings At December 31, | (in millions) | Currency translation adjustments | Pension and other benefits | Derivatives accounted for as hedges | Total accumulated other comprehensive losses |"}
{"_id": "d872b9bda", "title": "", "text": "| 2018 2017 2016 | Brent oil prices ($/Bbl)(1) | WTI oil prices ($/Bbl)(2) | Natural gas prices ($/mmBtu)(3) |"}
{"_id": "d8c11906e", "title": "", "text": "Property and equipment Property and equipment are stated at cost, with depreciation and amortization provided using the straight-line method over the following estimated useful lives: buildingsup to 40 years; leasehold improvementsthe lesser of useful lives of assets or lease terms, which generally include option periods; and equipmentthree to 12 years.\nGoodwill Goodwill represents the excess of cost over the net tangible assets and identifiable intangible assets of acquired restaurant businesses.\nThe Companys goodwill primarily results from purchases of McDonalds restaurants from franchisees and ownership increases in international subsidiaries or affiliates, and it is generally assigned to the reporting unit expected to benefit from the synergies of the combination.\nIf a Company-operated restaurant is sold within 24 months of acquisition, the goodwill associated with the acquisition is written off in its entirety.\nIf a restaurant is sold beyond 24 months from the acquisition, the amount of goodwill written off is based on the relative fair value of the business sold compared to the portion of the reporting unit (defined as each individual country).\nIn accordance with Statement of Financial Accounting Standards No.142, Goodwill and Intangible Assets, the annual goodwill impairment test, conducted in the fourth quarter, compares the fair value of a reporting unit, generally based on discounted future cash flows, with its carrying amount including goodwill.\nIf the carrying amount of a reporting unit exceeds its fair value, an impairment loss is measured as the difference between the implied fair value of the reporting units goodwill and the carrying amount of goodwill.\nThe following table presents the 2008 activity in goodwill by segment:"}
{"_id": "d86a5053e", "title": "", "text": "Air Mobility sales declined by $535 million primarily due to C-130J deliveries (12 in 2006 compared to 15 in 2005) and lower volume on the C-5 program.\nCombat Aircraft sales increased by $292 million mainly due to higher F-35 and F-22 volume, partially offset by reduced volume on F-16 programs.\nOther Aeronautics programs sales increased by $83 million primarily due to higher volume in sustainment services activities.\nOperating profit for the segment increased 21% in 2007 compared to 2006.\nOperating profit increases in Combat Aircraft more than offset decreases in Other Aeronautics programs and Air Mobility.\nCombat Aircraft operating profit increased $326 million mainly due to improved performance on F-22 and F-16 programs.\nAir Mobility and Other Aeronautics programs declined $77 million due to lower operating profit in support and sustainment activities.\nOperating profit for the segment increased 20% in 2006 compared to 2005.\nOperating profit increased in both Combat Aircraft and Air Mobility.\nCombat Aircraft increased $114 million, mainly due to higher volume on the F-35 and F-22 programs, and improved performance on F-16 programs.\nThe improvement for the year was also attributable in part to the fact that in 2005, operating profit included a reduction in earnings on the F-35 program.\nAir Mobility operating profit increased $84 million, mainly due to improved performance on C-130J sustainment activities in 2006.\nBacklog decreased in 2007 as compared to 2006 primarily as a result of sales volume on the F-35 program.\nThis decrease was offset partially by increased orders on the F-22 and C-130J programs."}
{"_id": "d878e1c06", "title": "", "text": "| 2016 2015 2014 | Current | United States | State and local | International | 160,000 | Deferred | United States | State and local | International | -662 | Total income taxes |"}
{"_id": "d8688713a", "title": "", "text": "| Year Ended December 31 | $ in millions | Segment operating income | CAS pension expense | Less: FAS pension expense | Net FAS/CAS pension adjustment | Unallocated corporate expenses | Other | Total operating income |"}
{"_id": "d89b9aa36", "title": "", "text": "| July 2, 2004 June 27, 2003 | Carrying amount | (in millions) | Cash equivalents | Short-term investments | 8.0% senior subordinated notes, due 2009 | Senior Credit Facilities: | Libor plus 2% Term Loan B | Foreign currency forward exchange contracts -1 |"}
{"_id": "d8d24b35a", "title": "", "text": "| Year EndedDecember 31, Seven MonthsEndedDecember 31, 2016 Year EndedMay 31, 2016 | 2018 | Cash flows from operating activities: | Net income | Adjustments to reconcile net income to net cash provided by operating activities: | Depreciation and amortization of property and equipment | Amortization of acquired intangibles | Share-based compensation expense | Provision for operating losses and bad debts | Amortization of capitalized customer acquisition costs | Deferred income taxes | Gain on sale of investments | Other, net | Changes in operating assets and liabilities, net of the effects of business combinations: | Accounts receivable | Settlement processing assets and obligations, net | Prepaid expenses and other assets | Accounts payable and other liabilities | Net cash provided by operating activities | Cash flows from investing activities: | Business combinations and other acquisitions, net of cash acquired | Capital expenditures | Net proceeds from sale of investments | Net proceeds from sales of property and equipment | Other, net | Net cash used in investing activities | Cash flows from financing activities: | Net proceeds from (repayments of) settlement lines of credit | Proceeds from long-term debt | Repayments of long-term debt | Payment of debt issuance costs | Repurchase of common stock | Proceeds from stock issued under share-based compensation plans | Common stock repurchased - share-based compensation plans | Purchase of subsidiary shares from noncontrolling interest | Proceeds from sale of subsidiary shares to noncontrolling interest | Distributions to noncontrolling interests | Dividends paid | Net cash provided by (used in) financing activities | Effect of exchange rate changes on cash | Increase (decrease) in cash and cash equivalents | Cash and cash equivalents, beginning of the period | Cash and cash equivalents, end of the period |"}
{"_id": "d8c1a894e", "title": "", "text": "| For the year ended December 31, | 2012 | (in millions) | Premiums and other considerations: | Direct | Assumed | Ceded | Net premiums and other considerations | Benefits, claims and settlement expenses: | Direct | Assumed | Ceded | Net benefits, claims and settlement expenses |"}
{"_id": "d8870b2fa", "title": "", "text": "| 2013 2012 2011 | Sales | Operating income |"}
{"_id": "d8af973ae", "title": "", "text": "In March 2014, the Company issued $1.0 billion in aggregate principal amount of 3.50% senior unsecured and unsubordinated notes maturing in March 2024.\nDuring 2014, the Company repaid $1.0 billion of 3.50% notes at maturity For more information on Company’s borrowings, see Note 12, Borrowings, in the notes to the consolidated financial statements beginning on page F-1 of this Form 10-K."}
{"_id": "d8988f558", "title": "", "text": "| Payment due by period | (thousands) | Contractual obligations: | Operating leases (a) | Debt obligations | Interest payments associated with debt obligations | Deferred compensation plan(b) | Pension funding(c) | Purchase Orders (d) | Total |"}
{"_id": "d8ddb68e8", "title": "", "text": "Segment Expenses.\nCommission and brokerage expenses increased by 7.0% to $350.6 million in 2012 compared to $327.8 million in 2011.\nThese variances were primarily due to the increase in premiums earned and the effect on commissions resulting from the non-renewal of a Florida quota share contract.\nSegment other underwriting expenses increased to $44.8 million in 2012 from $39.3 million in 2011.\nThese increases were primarily due to higher share-based compensation and employee benefit plan expenses.\nCommission and brokerage expenses decreased by 6.7% to $327.8 million in 2011 compared to $351.6 million in 2010, primarily due to the decline in premiums earned and a shift in the mix of business.\nSegment other underwriting expenses in 2011 decreased slightly to $39.3 million from $42.5 million in 2010.  International."}
{"_id": "d8b3e3192", "title": "", "text": "| 2006 | As Reported | Held | (Dollars in millions) | Residential mortgage | Credit card – domestic | Credit card – foreign | Home equity lines | Direct/Indirect consumer | Other consumer | Total consumer |"}
{"_id": "d8630aae0", "title": "", "text": "| (Dollars in millions) 2004 2003 | Service charges | Investment and brokerage services | Mortgage banking income | Investment banking income | Equity investment gains | Card income | Trading account profits | Other income | Total noninterest income |"}
{"_id": "d8d4a9e30", "title": "", "text": "| Years ended December 31 (dollars in millions) 2003 2002 | Balance at beginning of year | Expense | Claims settled | Customer warranty waiver -1 | Balance at end of year |"}
{"_id": "d8cf7429e", "title": "", "text": "| Years Ended December 31, | 2007 | Current | (Dollars in millions) | Attritional | Catastrophes | Total segment | Loss ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8e2b4b10", "title": "", "text": "Stock Performance Graph The following stock performance graph and related information shall not be deemed “soliciting material” or “filed” with the Securities and Exchange Commission, nor shall such information be incorporated by reference into any future filings under the Securities Act of 1933 or the Exchange Act, each as amended, except to the extent that we specifically incorporate it by reference into such filing.\nThe following stock performance graph compares our cumulative total shareholder return on an annual basis on our common stock with the cumulative total return on the Standard and Poor’s 500 Stock Index and the AMEX Airline Index from December 9, 2013 (the first trading day of AAG Common Stock) through December 31, 2014.\nThe comparison assumes $100 was invested on December 9, 2013 in AAG Common Stock and in each of the foregoing indices and assumes reinvestment of dividends.\nThe stock performance shown on the graph below represents historical stock performance and is not necessarily indicative of future stock price performance."}
{"_id": "d8af8ab0e", "title": "", "text": "| Preferred Stock Common Stock | Issued | 2005: | Balance at January 1, 2005 | Issuance of common stock due to exercise of stock options | Treasury stock acquired | Retirement of treasury stock | Balance at December 31, 2005 | 2006: | Grants of restricted stock | Issuance of common stock due to exercise of stock options | Treasury stock acquired | Retirement of treasury stock | Balance at December 31, 2006 | 2007: | Grants of restricted stock | Issuance of common stock due to exercise of stock options | Treasury stock acquired | Retirement of treasury stock | Balance at December 31, 2007 |"}
{"_id": "d8c3131c6", "title": "", "text": "| Amount (In Millions) | 2010 net revenue | Retail electric price | Volume/weather | Fuel recovery | Transmission revenue | Other | 2011 net revenue |"}
{"_id": "d8a5c004c", "title": "", "text": "will no longer be significant contributors to business operating results, while expenses should also decline significantly reflecting the reduced level of operations.\nOperating earnings will primarily consist of retail forestland and real estate sales of remaining acreage.\nSpecialty Businesses and Other The Specialty Businesses and Other segment includes the results of the Arizona Chemical business and certain divested businesses whose results are included in this segment for periods prior to their sale or closure.\nThis segments 2006 net sales increased 2% from 2005, but declined 17% from 2004.\nOperating profits in 2006 were up substantially from both 2005 and 2004.\nThe decline in sales compared with 2004 principally reflects declining contributions from businesses sold or closed."}
{"_id": "d8f6a8914", "title": "", "text": "| December 31, | 2012 | (millions) | Equity Method Investments | AMPCO | Alba Plant | CONE | Other | Total Equity Method Investments |"}
{"_id": "d8c05c0ea", "title": "", "text": "| Years Ended December 31, | 2015 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d895ad09c", "title": "", "text": "| Millions 2010 2009 2008 | Stock-based compensation, before tax: | Stock options | Retention awards | Total stock-based compensation, before tax | Total stock-based compensation, after tax | Excess tax benefits from equity compensation plans |"}
{"_id": "d87078858", "title": "", "text": "| Year Ended December 31, Change from 2008 to 2009 Change from 2009 to 2010 | 2008 | (In thousands, except percentage changes) | Sales and marketing | Product development | General and administrative | Provision for transaction and loan losses | Amortization of acquired intangible assets | Restructuring | Interest and other income (expense), net | Provision for income taxes |"}
{"_id": "d8c04e634", "title": "", "text": "| 2007 2006 2005 | Weighted average exercise price per share | Expected annual dividends per share | Expected life in years | Expected volatility | Risk-free interest rate | Weighted average grant date fair value of stock option awards granted |"}
{"_id": "d8e6d7e0e", "title": "", "text": "Consumer & Business Banking\n(1) For presentation purposes, in segments and businesses where the total of liabilities and equity exceeds assets, we allocate assets to match liabilities.\nAs a result, total earning assets and total assets of the businesses may not equal total CBB.\nn/m = not meaningful CBB, which is comprised of Deposits, Card Services and Business Banking, offers a diversified range of credit, banking and investment products and services to consumers and businesses.\nOur customers and clients have access to a franchise network that stretches coast to coast through 32 states and the District of Columbia.\nThe franchise network includes approximately 5,500 banking centers, 16,300 ATMs, nationwide call centers, and online and mobile platforms.\nThe Federal Reserve adopted a final rule with respect to the Durbin Amendment, which became effective October 1, 2011, that established the maximum allowable interchange fees a bank can receive for a debit card transaction.\nThe interchange fee rules resulted in a reduction of debit card revenue of approximately $1.7 billion in 2012 compared to a $430 million reduction in 2011.\nFor more information on the Durbin Amendment and the final interchange rules, see Regulatory Matters on page 60.\nCBB Results Net income for CBB decreased $2.1 billion to $5.3 billion in 2012 compared to 2011 primarily due to lower revenue and higher provision for credit losses, partially offset by lower noninterest expense.\nNet interest income decreased $2.3 billion to $19.1 billion due to lower average loan balances primarily in Card Services as well as compressed deposit spreads due to the continued low rate environment.\nNoninterest income decreased $1.6 billion to $9.9 billion primarily due to a decline in Card Services.\nThe provision for credit losses increased $451 million to $3.9 billion with the increase largely in Card Services.\nNoninterest expense decreased $926 million to $16.8 billion primarily due to lower FDIC and operating expenses, partially offset by an increase in litigation expense.\nThe return on average economic capital decreased primarily due to lower net income.\nFor more information regarding economic capital, see Supplemental Financial Data on page 31.\nGoodwill is reviewed annually during the fourth quarter for impairment.\nIn addition, the Company performs an impairment analysis of other intangible assets based on the occurrence of other factors.\nSuch factors include, but are not limited to, signifi- cant changes in membership, state funding, medical contracts and provider networks and contracts.\nAn impairment loss is recognized if the carrying value of intangible assets exceeds the implied fair value.\nThe Company did not recognize any impairment losses for the periods presented.\nMedical Claims Liabilities Medical services costs include claims paid, claims reported but not yet paid (inventory), estimates for claims incurred but not yet received (IBNR) and estimates for the costs necessary to process unpaid claims.\nThe estimates of medical claims liabilities are developed using standard actuarial methods based upon historical data for payment patterns, cost trends, product mix, seasonality, utilization of healthcare services and other relevant factors including product changes.\nThese estimates are continually reviewed and adjustments, if necessary, are reflected in the period known.\nManagement did not change actuarial methods during the years presented.\nManagement believes the amount of medical claims payable is reasonable and adequate to cover the Companys liability for unpaid claims as of December 31, 2005; however, actual claim payments may differ from established estimates.\nRevenue Recognition The majority of the Companys Medicaid Managed Care premium revenue is received monthly based on fixed rates per member as determined by state contracts.\nSome contracts allow for additional premium related to certain supplemental services provided such as maternity deliveries.\nRevenue is recognized as earned over the covered period of services.\nRevenues are recorded based on membership and eligibility data provided by the states, which may be adjusted by the states for updates to this membership and eligibility data.\nThese adjustments are immaterial in relation to total revenue recorded and are reflected in the period known.\nPremiums collected in advance are recorded as unearned revenue.\nThe Specialty Services segment generates revenue under contracts with state and local government entities, our health plans and third-party customers.\nRevenues for services are recognized when the services are provided or as ratably earned over the covered period of services.\nFor performance-based contracts, the Company does not recognize revenue subject to refund until data is sufficient to measure performance.\nSuch amounts are recorded as unearned revenue.\nRevenues due to the Company are recorded as premium and related receivables and recorded net of an allowance for uncollectible accounts based on historical trends and managements judgment on the collectibility of these accounts.\nActivity in the allowance for uncollectible accounts for the years ended December 31 is summarized below:"}
{"_id": "d8794030a", "title": "", "text": "| Year Ended December 31, | (dollars in millions) | Operating Data: | Net interest income | Noninterest income | Total revenue | Provision for credit losses | Noninterest expense | Noninterest expense, excluding goodwill impairment-1 | Noninterest expense, excluding goodwill impairment, restructuring charges and special items-1 | Income (loss) before income tax expense (benefit) | Income tax expense (benefit) | Net income (loss) | Net income, excluding goodwill impairment-1 | Net income, excluding goodwill impairment, restructuring charges and special items-1 | Return on average tangible common equity-1 | Return on average tangible common equity, excluding goodwill impairment-1 | Return on average tangible common equity, excluding goodwill impairment, restructuring charges and special items-1 | Successor 2010 | Interest rate swaps | Embedded derivatives from convertible senior notes | $-- | Successor 2010 | Charter Holdings debt notes repurchases / exchanges | Charter convertible note repurchases / exchanges | CCH II tender offer | CCO Holdings debt notes repurchases / exchanges | Charter Operating debt notes repurchases | Charter Operating credit amendment / prepayments | $-85 |"}
{"_id": "d8b710018", "title": "", "text": "Management’s Discussion and Analysis of Financial Condition and Results of Operations – (continued) (Amounts in Millions, Except Per Share Amounts) Additionally, we performed a sensitivity analysis and reviewed the carrying values compared to the high end and low end of the valuation range.\nThe table below displays the range of the sensitivity analysis for each reporting unit tested in the 2015 and 2014 annual impairment tests.\nFor both the 2015 and 2014 tests, using the low end of the valuation range, there were no reporting units whose fair value exceeded its carrying value by less than 20%."}
{"_id": "d86f3d9fc", "title": "", "text": "| Net Sales Fiscal Year | (dollars in millions; NM - Not Meaningful) | Cardiac and Vascular Group | Minimally Invasive Therapies Group-1 | Restorative Therapies Group | Diabetes Group | Total Net Sales | Fiscal Year | (in millions) | Provision for income taxes | Income from operations before taxes | Effective tax rate | Non-GAAP provision for income taxes | Non-GAAP income from operations before taxes | Non-GAAP Nominal Tax Rate | Difference between the effective tax rate and Non-GAAP Nominal Tax Rate | Rating for Fiscal Year Ended-1 | April 29, 2016 | Standard & Poor's (S&P) Ratings Services | Long-term debt | Short-term debt | Moody's Investors Service (Moody's) | Long-term debt | Short-term debt | Maturity by Fiscal Year | (in millions) | Contractual obligations related to off-balance sheet arrangements: | Operating leases-1 | Commitments to fund minority investments/contingent acquisition consideration-2 | Interest payments-3 | Other-4 | Contractual obligations related to off-balance sheet arrangements subtotal | Contractual obligations reflected in the balance sheet: | Long-term debt, including current portion-5 | Capital leases | Contractual obligations reflected in the balance sheet subtotal | Total contractual obligations |"}
{"_id": "d8e24338e", "title": "", "text": "Recoverability of intangible assets with finite useful lives is assessed in the same manner as property, plant and equipment as described above.\nIncome Taxes: For purposes of the Companys Consolidated Financial Statements for periods prior to the Spin-off, income tax expense has been recorded as if the Company filed tax returns on a stand-alone basis separate from Ingersoll Rand.\nThis separate return methodology applies the accounting guidance for income taxes to the stand-alone financial statements as if the Company was a stand-alone enterprise for the periods prior to the Spin-off.\nTherefore, cash tax payments and items of current and deferred taxes may not be reflective of the Companys actual tax balances prior to or subsequent to the Spin-off.\nCash paid for income taxes for the year ended December 31, 2015 was $80.6 million.\nThe income tax accounts reflected in the Consolidated Balance Sheets as of December 31, 2015 and 2014 include income taxes payable and deferred taxes allocated to the Company at the time of the Spin-off.\nThe calculation of the Companys income taxes involves considerable judgment and the use of both estimates and allocations.\nDeferred tax assets and liabilities are determined based on temporary differences between financial reporting and tax bases of assets and liabilities, applying enacted tax rates expected to be in effect for the year in which the differences are expected to reverse.\nThe Company recognizes future tax benefits, such as net operating losses and tax credits, to the extent that realizing these benefits is considered in its judgment to be more likely than not.\nThe Company regularly reviews the recoverability of its deferred tax assets considering its historic profitability, projected future taxable income, timing of the reversals of existing temporary differences and the feasibility of its tax planning strategies.\nWhere appropriate, the Company records a valuation allowance with respect to a future tax benefit.\nProduct Warranties: Standard product warranty accruals are recorded at the time of sale and are estimated based upon product warranty terms and historical experience.\nThe Company assesses the adequacy of its liabilities and will make adjustments as necessary based on known or anticipated warranty claims, or as new information becomes available.\nPrincipal Financial Group, Inc.  Notes to Consolidated Financial Statements  (continued) 1.\nNature of Operations and Significant Accounting Policies  (continued) Goodwill and Other Intangibles Goodwill and other intangible assets include the cost of acquired subsidiaries in excess of the fair value of the net tangible assets recorded in connection with acquisitions.\nGoodwill and indefinite-lived intangible assets are not amortized.\nRather, they are tested for impairment during the fourth quarter each year, or more frequently if events or changes in circumstances indicate that the asset might be impaired.\nGoodwill is tested at the reporting unit level to which it was assigned.\nA reporting unit is an operating segment or a business one level below that operating segment, if financial information is prepared and regularly reviewed by management at that level.\nOnce goodwill has been assigned to a reporting unit, it is no longer associated with a particular acquisition; therefore, all of the activities within a reporting unit, whether acquired or organically grown, are available to support the goodwill value.\nImpairment testing for indefinite-lived intangible assets consists of a comparison of the fair value of the intangible asset with its carrying value.\nIntangible assets with a finite useful life are amortized as related benefits emerge and are reviewed periodically for indicators of impairment in value.\nIf facts and circumstances suggest possible impairment, the sum of the estimated undiscounted future cash flows expected to result from the use of the asset is compared to the current carrying value of the asset.\nIf the undiscounted future cash flows are less than the carrying value, an impairment loss is recognized for the excess of the carrying amount of assets over their fair value.\nEarnings Per Common Share Basic earnings per common share is calculated by dividing income available to common stockholders by the weighted-average number of common shares outstanding for the period and excludes the dilutive effect of equity awards.\nDiluted earnings per common share reflects the potential dilution that could occur if dilutive securities, such as options and non-vested stock grants, were exercised or resulted in the issuance of common stock.2."}
{"_id": "d8a28fbf2", "title": "", "text": "There were no realized gains or losses from sales of available-for-sale marketable securities.\nGains and losses are determined by specific identification.\nClassification of marketable securities as current or noncurrent is dependent upon our intended holding period and the securitys maturity date.\nThe aggregate unrealized gains and losses on available-for-sale securities, net of tax effects, are classified in AOCI within stockholders equity.\nScheduled maturities of our marketable securities are as follows:"}
{"_id": "d8b6a56a0", "title": "", "text": "| December 31 2008 2007 | (In millions) | Gross Case Reserves | Gross IBNR Reserves | Total Gross Carried Claim and Claim Adjustment Expense Reserves | Net Case Reserves | Net IBNR Reserves | Total Net Carried Claim and Claim Adjustment Expense Reserves |"}
{"_id": "d89698772", "title": "", "text": "| Amount (In Millions) | 2009 net revenue | Net wholesale revenue | Volume/weather | Rough production cost equalization | Retail electric price | Securitization transition charge | Purchased power capacity | Other | 2010 net revenue |"}
{"_id": "d8a8234b0", "title": "", "text": "| (in millions) Premiums and Other Considerations Net Investment Income Net Realized Capital Gains (Losses) Total Revenues Operating Income (Loss) | 2005 | Life insurance | Home service | Group life/health | Payout annuities(a) | Individual fixed and runoff annuities | Total | Percentage Increase/(Decrease) 2007 vs. 2006: | Life insurance | Home service | Group life/health | Payout annuities | Individual fixed and runoff annuities | Total | Percentage Increase/(Decrease) 2006 vs. 2005: | Life insurance | Home service | Group life/health | Payout annuities | Individual fixed and runoff annuities | Total |"}
{"_id": "d87abd99e", "title": "", "text": "| Net Investment Impact on Consolidated Equity of a 10% Decreasein Foreign Currency | (millions of dollars) | Euro | Norwegian Krone | Australian Dollar | Swedish Krona | Danish Krone |"}
{"_id": "d8619f8cc", "title": "", "text": "Statutory Net Income and Surplus Prudential Financial’s U. S.  insurance subsidiaries are required to prepare statutory financial statements in accordance with statutory accounting practices prescribed or permitted by the insurance department of the state of domicile.\nStatutory accounting practices primarily differ from U. S.  GAAP by charging policy acquisition costs to expense as incurred, establishing future policy benefit liabilities using different actuarial assumptions as well as valuing investments and certain assets and accounting for deferred taxes on a different basis.\nStatutory net income of Prudential Insurance amounted to $2,170 million, $1,878 million and $1,231 million for the years ended December 31, 2005, 2004 and 2003, respectively.\nStatutory capital and surplus of Prudential Insurance amounted to $7,065 million and $8,420 million at December 31, 2005 and 2004, respectively.14."}
{"_id": "d877c9cba", "title": "", "text": "| 2017 $942 | 2018 | 2019 | 2020 | 2021 | Thereafter | Total |"}
{"_id": "d8ee11d3c", "title": "", "text": "| (in thousands) 2007 2006 | Commercial Risk-based | Commercial Fee-based | Total Commercial | Medicare Advantage | Medicaid | Standardized Medicare Supplement | Total Public and Senior | Total Health Care Services Medical Benefits |"}
{"_id": "d881a78a4", "title": "", "text": "Commitments Leases In accordance with industry practice, certain of the Company’s income from lease agreements with retail tenants are contingent upon the level of the tenants’ sales revenues.\nAdditionally, the Company, as lessee, has entered into various lease and sublease agreements for office space, data processing and other equipment.\nFuture minimum rental and sublease income, and minimum gross rental payments relating to these lease agreements are as follows:"}
{"_id": "d8875fef4", "title": "", "text": "We have a number of facilities that contain varying amounts of asbestos in certain locations within the facilities.\nOur asbestos management program is compliant with current applicable regulations.\nCurrent regulations require that we handle or dispose of asbestos in a special manner if such facilities undergo major renovations or are demolished.\nPlans associated with the closure of a manufacturing facility under the Next Century program may require the removal of asbestos.\nThe estimated liability associated with the possible removal of asbestos from the facility is not material and is included in our estimates.\nWith regard to other facilities, we believe we do not have sufficient information to estimate the fair value of any asset retirement obligations related to those facilities.\nWe cannot specify the settlement date or range of potential settlement dates and, therefore, sufficient information is not available to apply an expected present value technique.\nWe expect to maintain the facilities with repairs and maintenance activities that would not involve or require the removal of asbestos.\nAs of December 31, 2010, certain real estate associated with the closure of facilities under the global supply chain transformation program was being held for sale.\nWe are not aware of any significant obligations related to the environmental remediation of these facilities which have not been reflected in our current estimates."}
{"_id": "d8b5fc078", "title": "", "text": "The Company held 98% and 100% of its money market mutual fund balances in various funds of a single issuer as of December 31, 2012 and December 31, 2011, respectively.\nSHORT-TERM INVESTMENTS: Short-term investments consist primarily of deposits held by certain foreign subsidiaries of the Company with original maturities of three months to one year.\nThe Company considers investments backed by government agencies or financial institutions with maturities of less than one year to be highly liquid and classifies such investments as short-term investments.\nShort-term investments are recorded at fair value.\nThe Company uses the specific identification method to determine the realized gain or loss upon the sale of such securities.\nThe Company is averse to principal loss and seeks to preserve invested funds by limiting default risk, market risk and reinvestment risk by placing its investments with high-quality credit issuers.\nPROPERTY AND EQUIPMENT: Property and equipment is stated at cost.\nDepreciation is computed on the straight-line method over the estimated useful lives of the various classes of assets, which range from one to 40 years.\nRepairs and maintenance are charged to expense as incurred.\nGains or losses from the sale or retirement of property and equipment are included in operating income.\nRESEARCH AND DEVELOPMENT COSTS: Research and development costs, other than certain capitalized software development costs, are expensed as incurred."}
{"_id": "d8e3b3f0c", "title": "", "text": "| Favorable/(Unfavorable) | Years ended December 31, | In millions | Power products | Power systems | Alternators | Power solutions | Total sales |"}
{"_id": "d8e77af28", "title": "", "text": "| 2008 2007 | In millions of dollars | Carrying amount reported on the Consolidated Balance Sheet | Aggregate unpaid principal balance in excess of fair value | Balance on non-accrual loans or loans more than 90 days past due | Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days pastdue |"}
{"_id": "d8d575e04", "title": "", "text": "The Business Banking segment provides deposit, lending, cash management and other financial services to small businesses and professionals through the Companys banking office network and several other delivery channels, including business banking centers, telephone banking, Internet banking and automated teller machines.\nThe Commercial Banking segment provides a wide range of credit products and banking services to middle-market and large commercial customers, mainly within the markets the Company serves.\nAmong the services provided by this segment are commercial lending and leasing, letters of credit, deposit products and cash management services.\nThe Commercial Real Estate segment provides credit services which are secured by various types of multifamily residential and commercial real estate and deposit services to its customers.\nActivities of this segment include the origination, sales and servicing of commercial real estate loans.\nCommercial real estate loans held for sale are included in the Commercial Real Estate Segment.\nThe Discretionary Portfolio segment includes securities; residential real estate loans and other assets; short-term and long-term borrowed funds; brokered deposits; and Cayman Islands branch deposits.\nThis segment also provides foreign exchange services to customers.\nResidential real estate loans obtained in the Hudson City acquisition on November 1, 2015 are included in this segment.\nThe Residential Mortgage Banking segment originates and services residential real estate loans for consumers and sells substantially all of those loans in the secondary market to investors or to the Discretionary Portfolio segment.\nThe segment periodically purchases servicing rights to loans that have been originated by other entities.\nResidential real estate loans held for sale are included in the Residential Mortgage Banking segment.\nThe Retail Banking segment offers a variety of services to consumers through several delivery channels that include banking offices, automated teller machines, and telephone, mobile and Internet banking.\nConsumer loans and deposits obtained in the acquisition of Hudson City have been included in this segment.\nThe All Other category includes other operating activities of the Company that are not directly attributable to the reported segments; the difference between the provision for credit losses and the calculated provision allocated to the reportable segments; goodwill and core deposit and other intangible assets resulting from acquisitions of financial institutions; merger-related gains and expenses resulting from acquisitions; the net impact of the Companys internal funds transfer pricing methodology; eliminations of transactions between reportable segments; certain nonrecurring transactions; the residual effects of unallocated support systems and general and administrative expenses; and the impact of interest rate risk management strategies.\nThe amount of intersegment activity eliminated in arriving at consolidated totals was included in the All Other category as follows:"}
{"_id": "d8a3e18a2", "title": "", "text": "Indian Papers net sales were $178 million in 2014, $185 million ($174 million excluding excise duties which were included in net sales in 2013 and prior periods) in 2013 and $185 million ($178 million excluding excise duties) in 2012.\nOperating profits were $8 million (a loss of $12 million excluding a gain related to the resolution of a legal contingency) in 2014, a loss of $145 million (a loss of $22 million excluding goodwill and trade name impairment charges) in 2013 and a loss of $16 million in 2012.\nAverage sales price realizations improved in 2014 compared with 2013 due to the impact of price increases implemented in 2013.\nSales volumes were flat, reflecting weak economic conditions.\nInput costs were higher, primarily for wood.\nOperating costs and planned maintenance downtime costs were lower in 2014.\nLooking ahead to the first quarter of 2015, sales volumes are expected to be seasonally higher.\nAverage sales price realizations are expected to decrease due to competitive pressures."}
{"_id": "d882b5fde", "title": "", "text": "12.\nBorrowings Short-Term Borrowings 2015 Revolving Credit Facility.\nIn March 2011, the Company entered into a five-year $3.5 billion unsecured revolving credit facility, which was amended in 2014, 2013 and 2012.\nIn April 2015, the Company entered into a five-year $3.5 billion unsecured revolving credit facility, which was amended in 2014, 2013 and 2012.\nThe 2015 credit facility permits the Company to request up to an additional $1.0 billion of borrowing capacity, subject to lender credit approval, increasing the overall size of the 2015 credit facility to an aggregate principal amount not to exceed $5.0 billion.\nInterest on borrowings outstanding accrues at a rate based on the applicable London Interbank Offered Rate plus a spread.\nThe 2015 credit facility requires the Company not to exceed a maximum leverage ratio (ratio of net debt to earnings before interest, taxes, depreciation and amortization, where net debt equals total debt less unrestricted cash) of 3 to 1, which was satisfied with a ratio of less than 1 to 1 at December 31, 2015.\nThe 2015 credit facility provides back-up liquidity to fund ongoing working capital for general corporate purposes and various investment opportunities.\nAt December 31, 2015, the Company had no amount outstanding under the 2015 credit facility.\nCommercial Paper Program.\nOn October 14, 2009, BlackRock established a commercial paper program (the CP Program) under which the Company could issue unsecured commercial paper notes (the CP Notes) on a private placement basis up to a maximum aggregate amount outstanding at any time of $4.0 billion as amended in April 2015.\nThe CP Program is currently supported by the 2015 credit facility.\nAt December 31, 2015, BlackRock had no CP Notes outstanding Long-Term Borrowings The carrying value and fair value of long-term borrowings estimated using market prices and foreign exchange rates at December 31, 2015 included the following:"}
{"_id": "d8b71cc6e", "title": "", "text": "| Year EndedDecember 31, 2017 Seven Months Ended December 31, 2016 Year Ended May 31, | 2016 | (in thousands) | Revenues-1: | North America | Europe | Asia-Pacific | Consolidated revenues | Operating income (loss)(1): | North America | Europe | Asia-Pacific | Corporate-2 | Consolidated operating income | Depreciation and amortization-1: | North America | Europe | Asia-Pacific | Corporate | Consolidated depreciation and amortization |"}
{"_id": "d8b804eba", "title": "", "text": "| Severance/Leases Litigation Other TotalSpecial Charge | Balance at December 31, 2002 | Special Charges | Payments | Balance at December 31, 2003 | Special Charges | Payments | Balance at December 31, 2004 | Special Charges | Payments | Balance at December 31, 2005 |"}
{"_id": "d8e18a4ba", "title": "", "text": "| December 31, 2012 | Problem, potential problem, and restructured | Carrying amount | (in millions) | Three months or less | Greater than three to six months | Greater than six to nine months | Greater than nine to twelve months | Greater than twelve months | Total fixed maturities, available-for-sale |"}
{"_id": "d8b8ed3d6", "title": "", "text": "| December 31,(in dollars) 2013 2014 2015 2016 2017 2018 | JPMorgan Chase | KBW Bank Index | S&P Financial Index | S&P 500 Index |"}
{"_id": "d87d2d792", "title": "", "text": "| 2008 2007 2006 | Unrealized losses on available-for-sale securities | Unrealized gains on derivative instruments | Cumulative foreign currency translation | Accumulated other comprehensive income |"}
{"_id": "d8efde0e8", "title": "", "text": "| Years Ended December 31, | 2015 | (in millions, except per share data) | Income Statement Data: | Total net revenues | Total expenses | Income from continuing operations | Loss from discontinued operations, net of tax | Net income | Less: Net income (loss) attributable to noncontrolling interests | Net income attributable to Ameriprise Financial | Basic | Income from continuing operations | Loss from discontinued operations | Net income | Diluted | Income from continuing operations | Loss from discontinued operations | Net income | Cash Dividends Declared Per Common Share | December 31, | 2015 | (in millions) | Balance Sheet Data: | Investments-1 | Separate account assets | Total assets | Policyholder account balances, future policy benefits and claims | Separate account liabilities | Customer deposits | Long-term debt-1 | Short-term borrowings | Total liabilities | Total Ameriprise Financial, Inc. shareholders’ equity | Noncontrolling interests’ equity |"}
{"_id": "d862f080c", "title": "", "text": "| (In Thousands) | 2004 | 2005 | 2006 | 2007 | 2008 |"}
{"_id": "d86b4c1a4", "title": "", "text": "| Balance as of January 1, 2009 $540 | Warranty expense | Warranty claims | Balance as of December 31, 2009 | Warranty expense | Warranty claims | Business acquisitions | Balance as of December 31, 2010 |"}
{"_id": "d8f65ba1a", "title": "", "text": "| Years Ended December 31, 2012/2011 2011/2010 | (Dollarsin millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d89c92c9a", "title": "", "text": "| Defined benefit pension plans (a)> | U.S. | As of December 31, (in millions) | Change in benefit obligation | Benefit obligation at beginning of year | Benefits earned during the year | Interest cost on benefit obligations | Plan amendments | Employee contributions | Actuarial gain (loss) | Benefits paid | Curtailment gain | Settlement gain | Special termination benefits | Foreign exchange impact and other | Benefit obligation at end of year | Change in plan assets | Fair value of plan assets at beginning of year | Actual return on plan assets | Firm contributions | Settlement payments | Benefits paid | Foreign exchange impact and other | Fair value of plan assets at end of year | Reconciliation of funded status | Funded status | Unrecognized amounts: | Net transition asset | Prior service cost | Net actuarial (gain) loss | Prepaid (accrued) benefit cost reported inOther assets (Accrued expenses), respectively | Accumulated benefit obligation |"}
{"_id": "d8db64928", "title": "", "text": "| (in millions, except per share, ratio and headcount data) 2013 2012 2011 2010 2009 | Selected income statement data | Total net revenue | Total noninterest expense | Pre-provision profit | Provision for credit losses | Income before income tax expense and extraordinary gain | Income tax expense | Income before extraordinary gain | Extraordinary gain | Net income | Per common share data | Basic earnings | Income before extraordinary gain | Net income | Diluted earnings | Income before extraordinary gain | Net income | Cash dividends declared per share | Book value per share | Tangible book value per share (“TBVS”)(a) | Common shares outstanding | Average: Basic | Diluted | Common shares at period-end | Share price(b) | High | Low | Close | Market capitalization | Selected ratios | Return on common equity (“ROE”) | Income before extraordinary gain | Net income | Return on tangible common equity (“ROTCE”)(a) | Income before extraordinary gain | Net income | Return on assets (“ROA”) | Income before extraordinary gain | Net income | Return on risk-weighted assets(c)(d) | Income before extraordinary gain | Net income | Overhead ratio | Loans-to-deposits ratio | High Quality Liquid Assets (“HQLA“) (in billions)(e) | Tier 1 capital ratio(d) | Total capital ratio(d) | Tier 1 leverage ratio | Tier 1 common capital ratio(d)(f) | Selected balance sheet data (period-end) | Trading assets | Securities(g) | Loans | Total assets | Deposits | Long-term debt(h) | Common stockholders’ equity | Total stockholders’ equity | Headcount(i) | Credit quality metrics | Allowance for credit losses | Allowance for loan losses to total retained loans | Allowance for loan losses to retained loans excluding purchased credit-impaired loans(j) | Nonperforming assets | Net charge-offs | Net charge-off rate |"}
{"_id": "d88038716", "title": "", "text": "| Restaurants at December 31, 2009 2008 2007 | Conventional franchised | Developmental licensed | Affiliated | Franchised | Company-operated | Systemwide restaurants |"}
{"_id": "d87e0e904", "title": "", "text": "| 2014 2015 2016 2017 2018 Thereafter Total | Recorded Obligations: | Expected environmental liabilities:(a) | Final capping, closure and post-closure | Environmental remediation | 130 | Debt payments(b),(c),(d) | Unrecorded Obligations:(e) | Non-cancelable operating lease obligations | Estimated unconditional purchase obligations(f) | Anticipated liquidity impact as of December 31, 2013 |"}
{"_id": "d827ba5b2", "title": "", "text": "| September 30, 2007 September 30, 2006 | Trading Instruments | (in 000's) | Marketable: | Municipal Obligations | Corporate Obligations | Government Obligations | Agencies | Total Debt Securities | Derivative Contracts | Equity Securities | Other Securities | Total |"}
{"_id": "d8799aa08", "title": "", "text": "| Years ended December 31 2011 2010 2009 | Risk Solutions | HR Solutions | Intersegment elimination | Total operating segments | Unallocated | Total revenue |"}
{"_id": "d8ef48f3e", "title": "", "text": "Other (income) expense primarily comprises our equity in net income of AGO prior to the June 2009 issuance and Huatai Insurance Company of China, Limited, which is included in equity in net income of partially-owned entities.\nAs discussed previously, prior to AGOs June 2009 issuance, we included our investment in AGO in Investments in partially-owned insurance companies and reflected our portion of its net income (loss) under equity in net income of partially-owned entities.\nEffective with the June 2009 issuance, we now account for the investment as an available-for-sale equity security.\nRefer to OverviewInvestment in Assured Guaranty Ltd.\nOther (income) expense also includes certain federal excise and capital taxes incurred as a result of capital management initiatives.\nThese transactions are considered capital in nature and are excluded from underwriting results."}
{"_id": "d85fa20c4", "title": "", "text": "| As of or for the year ended December 31, (in millions) 2012 2011 2010 | Securities gains(a) | Investment securities portfolio (average) | Investment securities portfolio (period–end) | Mortgage loans (average) | Mortgage loans (period-end) |"}
{"_id": "d883a3b4e", "title": "", "text": "| Natural Gas and Casinghead Gas (Bcf) | United States | Proved Reserves as of: | December 31, 2007 | Revisions of Previous Estimates-2 | Extensions, Discoveries and Other Additions-3 | Purchase of Minerals in Place-4 | Sale of Minerals in Place-5 | Production | December 31, 2008 | Revisions of Previous Estimates-2 | Extensions, Discoveries and Other Additions-3 | Purchase of Minerals in Place-4 | Sale of Minerals in Place-5 | Production | December 31, 2009 | Revisions of Previous Estimates-2 | Extensions, Discoveries and Other Additions-3 | Purchase of Minerals in Place-4 | Sale of Minerals in Place-5 | Production | December 31, 2010 | Proved Developed Reserves as of: | December 31, 2007 | December 31, 2008 | December 31, 2009 | December 31, 2010 | Proved Undeveloped Reserves as of: | December 31, 2007 | December 31, 2008 | December 31, 2009 | December 31, 2010 |"}
{"_id": "d8d4904f8", "title": "", "text": "NOTES TO THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS 92 6.\nEQUITY INVESTMENTS Eastman has a 50 percent interest in and serves as the operating partner in Primester, a joint venture which manufactures cellulose acetate at Eastman's Kingsport, Tennessee plant.\nThis investment is accounted for under the equity method.\nEastman's net investment in the joint venture at December 31, 2007 and 2006 was approximately $43 million and $47 million, respectively, which was comprised of the recognized portion of the venture's accumulated deficits, long-term amounts owed to Primester, and a line of credit from Eastman to Primester.\nSuch amounts are included in other noncurrent assets.\nEastman owns a 50 percent interest in Nanjing Yangzi Eastman Chemical Ltd.  (“Nanjing”), a company which manufactures EastotacTM hydrocarbon tackifying resins for the adhesives market.\nThis joint venture is accounted for under the equity method and is included in other noncurrent assets.\nAt December 31, 2007 and 2006, the Company’s investment in Nanjing was approximately $7 million and $5 million, respectively.\nIn October 2007, the Company entered into an agreement with Green Rock Energy, L. L. C.  (\"Green Rock\"), a company formed by the D.  E.  Shaw Group and Goldman, Sachs & Co. , to jointly develop the industrial gasification facility in Beaumont, Texas through TX Energy, LLC (\"TX Energy\").\nEastman owns a 50 percent interest in TX Energy, which is expected to be operational in 2011 and will produce intermediate chemicals, such as hydrogen, methanol, and ammonia from petroleum coke.\nThis joint venture in the development stage is accounted for under the equity method, and is included in other noncurrent assets.\nAt December 31, 2007, the Company’s investment in TX Energy was approximately $26 million.\nEastman also plans to participate in a project sponsored by Faustina Hydrogen Products, L. L. C.  which will use petroleum coke as the primary feedstock to make anhydrous ammonia and methanol.\nFaustina Hydrogen Products is primarily owned by Green Rock.\nThe Company intends to take a 25 percent or greater equity position in the project, provide operations, maintenance, and other site management services, and purchase methanol under a long-term contract.\nCapital costs for the facility are estimated to be approximately $1.6 billion.\nProject financing is expected to be obtained by the end of 2008.\nThe facility will be built in St.  James Parish, Louisiana and is expected to be complete by 2011.\nOn April 21, 2005, the Company completed the sale of its equity investment in Genencor International, Inc.  (\"Genencor\") for cash proceeds of approximately $417 million, net of $2 million in fees.\nThe book value of the investment prior to sale was $246 million, and the Company recorded a pre-tax gain on the sale of $171 million.7."}
{"_id": "d87397c14", "title": "", "text": "| December 31, | 2013 | (in millions) | Syndicated loans | Unpaid principal balance | Excess unpaid principal over fair value | Fair value | Fair value of loans more than 90 days past due | Fair value of loans in nonaccrual status | Difference between fair value and unpaid principal of loans more than 90 days past due, loans in nonaccrual status or both | Debt | Unpaid principal balance | Excess unpaid principal over fair value | Fair value |"}
{"_id": "d8dc9cc0a", "title": "", "text": "| RestrictedStock UnitsOutstanding(in thousands) Weighted-Average Grant-Date Fair ValuePer Share | Restricted stock units outstanding at November 1, 2014 | Units granted | Restrictions lapsed | Forfeited | Restricted stock units outstanding at October 31, 2015 | December 31, 2015 | Amount | U.S. dollar notes due 2016–2093 | U.S. dollar debentures due 2017–2098 | U.S. dollar zero coupon notes due 20202 | Euro notes due 2017–20273 | Swiss franc notes due 2017–20283 | Other, due through 20984 | Fair value adjustment5 | Total6,7 | Less current portion | Long-term debt | Maturities ofLong-Term Debt | 2016 | 2017 | 2018 | 2019 | 2020 |"}
{"_id": "d8e1a7e52", "title": "", "text": "| 2010 2011 2012 2013 2014 2015 | JKHY | Peer Group | S&P 500 |"}
{"_id": "d8e675b8c", "title": "", "text": "| $ Change (In millions) % Change | Institutional | Individual | Corporate & Other | International | Auto & Home | Reinsurance | Total change, net of income tax |"}
{"_id": "d8e80f5f6", "title": "", "text": "The following is a description of the notable comparable sales changes in our Domestic segment by revenue category: ?\nConsumer Electronics: The 4.7% comparable sales increase was primarily due to an increase in the sales of large screen televisions, the expansion of Magnolia Design Center stores-within-a-store, and expanded assortment of streaming devices.\nThis increase was partially offset by industry declines in point and shoot cameras and lower sales in small and mid-size televisions.  ?\nComputing and Mobile Phones: The 2.6% comparable sales decline was primarily due to continued industry declines in tablets and to a lesser extent lower demand for mobile phones.  ?\nEntertainment: The 3.6% comparable sales decrease was driven by declines in music and movies due to continued industry declines as well as declines in gaming hardware.  ?\nAppliances: The 15.4% comparable sales gain was a result of continued growth in major appliances sales as well as the expansion of Pacific Kitchen & Home stores-within-a-store.  ?\nServices: The 11.6% comparable sales decline was primarily due to lower repair revenue from extended protection plan claims.\nThis trend, which primarily related to mobile phones, was a reflection of changes to the design of our extended protection plans, improvements to our repair and fulfillment operations and industry trends.\nOur Domestic segment experienced an increase in gross profit of $404 million, or 5.0%, in fiscal 2016 compared to fiscal 2015.\nExcluding the $88 million of CRT/LCD litigation settlement proceeds received in fiscal 2016, we experienced an increase in gross profit of $316 million, or 3.9%.\nRefer to Note 12, Contingencies and Commitments, in the Notes to the Consolidated Financial Statements, included in Item 8, Financial Statements and Supplementary Data, of this Annual Report on Form 10-K for additional information.\nThis rate increase was primarily due to (1) the periodic profit-share revenue described above; (2) rate improvements in computing hardware driven by our more disciplined promotional strategy; (3) an additional positive mix shift due to significantly decreased revenue in the lower-margin tablet category; (4) the positive impact of lower repair revenue"}
{"_id": "d8785f1f2", "title": "", "text": "| Year Ended October 31, $ Change % Change $ Change % Change | 2014 | (dollars in millions) | Included in cost of revenue | Included in operating expenses | Total | Percentage of total revenue |"}
{"_id": "d8d17280c", "title": "", "text": "| 2008 $317 | 2009 | 2010 | 2011 | 2012 | Later years | Total minimum payments required | Year ended September 30, | 2015 | (in thousands, except per share amounts) | Common stock, par value $.01 per share: | Balance, beginning of year | Share issuances | Balance, end of year | Additional paid-in capital: | Balance, beginning of year | Employee stock purchases | Exercise of stock options and vesting of restricted stock units, net of forfeitures | Restricted stock, stock option and restricted stock unit expense | Excess tax benefit (reduction of prior tax benefits) from share-based payments | Purchase of additional equity interest in subsidiary | Other | Balance, end of year | Retained earnings: | Balance, beginning of year | Net income attributable to Raymond James Financial, Inc. | Cash dividends declared | Other | Balance, end of year | Treasury stock: | Balance, beginning of year | Purchases/surrenders | Exercise of stock options and vesting of restricted stock units, net of forfeitures | Balance, end of year | Accumulated other comprehensive loss:-1 | Balance, beginning of year | Net change in unrealized losses on available for sale securities and non-credit portion of other-than-temporary impairment losses, net of tax | Net change in currency translations and net investment hedges, net of tax | Net change in cash flow hedges, net of tax | Balance, end of year | Total equity attributable to Raymond James Financial, Inc. | Noncontrolling interests: | Balance, beginning of year | Net (loss) income attributable to noncontrolling interests | Capital contributions | Distributions | Consolidation of acquired entity | Derecognition resulting from acquisition of additional interests | Other | Balance, end of year | Total equity |"}
{"_id": "d8f790a48", "title": "", "text": "| 2012 2011 | Long/(Short) | (In millions) | Highest position | Lowest position | Average position |"}
{"_id": "d87d6c8c0", "title": "", "text": "| Year ended December 31Dollars in millions 2016 2015 2014 | Noninterest income | Asset management | Consumer services | Corporate services | Residential mortgage | Service charges on deposits | Total fee income | Other | Total noninterest income | December 31 – dollars in millions | Nonperforming loans | Commercial | Commercial real estate | Equipment lease financing | Total commercial lending | Consumer lending (a) | Home equity (b) | Residential real estate (b) | Credit card | Other consumer (b) | Total consumer lending | Total nonperforming loans (c) | OREO, foreclosed and other assets | Total nonperforming assets | Nonperforming loans to total loans | Nonperforming assets to total loans, OREO, foreclosed and other assets | Nonperforming assets to total assets | Interest on nonperforming loans | Computed on original terms | Recognized prior to nonperforming status | Troubled Debt Restructurings | Nonperforming | Performing | Past due loans | Accruing loans past due 90 days or more (d) | As a percentage of total loans | Past due loans held for sale | Accruing loans held for sale past due 90 days or more | As a percentage of total loans held for sale |"}
{"_id": "d8402ea26", "title": "", "text": "| (in millions) 2017 2016 | Beginning balance | Net increase (decrease) in unrealized allocations | Performance fee revenue recognized | Acquisition | Ending balance |"}
{"_id": "d8c313112", "title": "", "text": "| Natural Gas Nuclear Coal PurchasedPower | Year | 2011 | 2010 | 2009 |"}
{"_id": "d8bec3c2e", "title": "", "text": "Further, the Company evaluates whether its co-investments are other than temporarily impaired and, if so, records an impairment loss equal to the excess of the co-investments carrying value over its estimated fair value.\nThe Company capitalizes all direct and certain indirect costs, including interest and real estate taxes, incurred during development and redevelopment activities.\nInterest is capitalized on real estate assets that require a period of time to get them ready for their intended use.\nThe amount of interest capitalized is based upon the average amount of accumulated development expenditures during the reporting period.\nIncluded in capitalized costs are managements accounting estimates of the direct and incremental personnel costs and indirect project costs associated with the Companys development and redevelopment activities.\nIndirect project costs consist primarily of personnel costs associated with construction administration and development, including accounting, legal fees, and various corporate and community onsite costs that clearly relate to projects under development.\nThe Company bases its accounting estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances.\nActual results may vary from those estimates and those estimates could be different under different assumptions or conditions.\nNet Operating Income (NOI) Same-Property net operating income (NOI) is considered by management to be an important supplemental performance measure to earnings from operations included in the Companys consolidated statements of income.\nThe presentation of Same-Property NOI assists with the presentation of the Companys operations prior to the allocation of depreciation and any corporate-level or financing-related costs.\nNOI reflects the operating performance of a community and allows for an easy comparison of the operating performance of individual communities or groups of communities.\nProspective buyers of real estate have different financing and overhead structures, with varying marginal impacts to overhead by acquiring real estate, and NOI is considered by many in the real estate industry to be a useful measure for determining the value of a real estate asset or group of assets.\nThe Company defines Same-Property NOI as Same-Property revenue less Same-Property operating expenses.\nThe reconciliation of earnings from operations to Same-Property NOI for the periods presented:"}
{"_id": "d8d151fd0", "title": "", "text": "| 2002 2003 2004 | Cash flows provided by operating activities | Cash flows used in investing activities | Cash flows provided by financing activities | Cash and cash equivalents at the end of year |"}
{"_id": "d86e8e18c", "title": "", "text": "Note 18.\nContingencies: Tobacco-Related LitigationLegal proceedings covering a wide range of matters are pending or threatened against us, and/or our subsidiaries, and/or our indemnitees in various jurisdictions.\nOur indemnitees include distributors, licensees and others that have been named as parties in certain cases and that we have agreed to defend, as well as to pay costs and some or all of judgments, if any, that may be entered against them.\nPursuant to the terms of the Distribution Agreement between Altria Group, Inc.  (\"Altria\") and PMI, PMI will indemnify Altria and Philip Morris USA Inc.  (\"PM USA\"), a U. S.  tobacco subsidiary of Altria, for tobacco product claims based in substantial part on products manufactured by PMI or contract manufactured for PMI by PM USA, and PM USA will indemnify PMI for tobacco product claims based in substantial part on products manufactured by PM USA, excluding tobacco products contract manufactured for PMI.\nIt is possible that there could be adverse developments in pending cases against us and our subsidiaries.\nAn unfavorable outcome or settlement of pending tobacco-related litigation could encourage the commencement of additional litigation.\nDamages claimed in some of the tobacco-related litigation are significant and, in certain cases in Brazil, Canada and Nigeria, range into the billions of U. S.  dollars.\nThe variability in pleadings in multiple jurisdictions, together with the actual experience of management in litigating claims, demonstrate that the monetary relief that may be specified in a lawsuit bears little relevance to the ultimate outcome.\nMuch of the tobacco-related litigation is in its early stages, and litigation is subject to uncertainty.\nHowever, as discussed below, we have to date been largely successful in defending tobacco-related litigation.\nWe and our subsidiaries record provisions in the consolidated financial statements for pending litigation when we determine that an unfavorable outcome is probable and the amount of the loss can be reasonably estimated.\nAt the present time, while it is reasonably possible that an unfavorable outcome in a case may occur, after assessing the information available to it (i) management has not concluded that it is probable that a loss has been incurred in any of the pending tobacco-related cases; (ii) management is unable to estimate the possible loss or range of loss for any of the pending tobacco-related cases; and (iii) accordingly, no estimated loss has been accrued in the consolidated financial statements for unfavorable outcomes in these cases, if any.\nLegal defense costs are expensed as incurred."}
{"_id": "d81251ff4", "title": "", "text": "| Year Ended December 31, | 2011 | Credit loss balance, beginning of period | Additions: | Initial credit impairment | Subsequent credit impairment | Credit loss balance, end of period |"}
{"_id": "d8b2035c0", "title": "", "text": "| Year ended December 31 – dollars in millions 2012 2011 2010 2009 2008 | Allowance for loan and lease losses – January 1 | Charge-offs | Commercial | Commercial real estate | Equipment lease financing | Consumer (a) | Residential real estate | Total charge-offs | Recoveries | Commercial | Commercial real estate | Equipment lease financing | Consumer (a) | Residential real estate | Total recoveries | Net charge-offs | Provision for credit losses (b) | Acquired allowance – National City | Other | Adoption of ASU 2009-17,Consolidations | Net change in allowance for unfunded loan commitments and letters ofcredit | Allowance for loan and lease losses – December 31 | Allowance as a percent of December 31: | Loans | Nonperforming loans | As a percent of average loans | Net charge-offs | Provision for credit losses | Allowance for loan and lease losses | Allowance as a multiple of net charge-offs |"}
{"_id": "d87f99436", "title": "", "text": "| Cocoa Futures Contract Prices (cents per pound) | 2006 | Annual Average | High | Low |"}
{"_id": "d8c04e4d6", "title": "", "text": "Obligations Associated with the Separation of United States Steel On December 31, 2001, we disposed of our steel business through a tax-free distribution of the common stock of our wholly owned subsidiary, United States Steel, to holders of its USX – U.  S.  Steel Group class of common stock (‘‘Steel Stock’’) in exchange for all outstanding shares of Steel Stock on a one-for-one basis (the ‘‘Separation’).\nWe remain obligated (primarily or contingently) for certain debt and other financial arrangements for which United States Steel has assumed responsibility for repayment under the terms of the Separation.\nUnited States Steel’s obligations to Marathon are general unsecured obligations that rank equal to United States Steel’s accounts payable and other general unsecured obligations.\nIf United States Steel fails to satisfy these obligations, we would become responsible for repayment.\nUnder the Financial Matters Agreement, United States Steel has all of the existing contractual rights under the leases assumed from Marathon, including all rights related to purchase options, prepayments or the grant or release of security interests.\nHowever, United States Steel has no right to increase amounts due under or lengthen the term of any of the assumed leases, other than extensions set forth in the terms of the assumed leases.\nAs of December 31, 2004, we have identified the following obligations totaling $671 million that have been assumed by United States Steel: ?\n$472 million of industrial revenue bonds related to environmental improvement projects for current and former United States Steel facilities, with maturities ranging from 2009 through 2033.\nAccrued interest payable on these bonds was $8 million at December 31, 2004.  ?\n$71 million of sale-leaseback financing under a lease for equipment at United States Steel’s Fairfield Works, with a term extending to 2012, subject to extensions.\nThere was no accrued interest payable on this financing at December 31, 2004.  ?\n$51 million of obligations under a lease for equipment at United States Steel’s Clairton cokemaking facility, with a term extending to 2012.\nThere was no accrued interest payable on this financing at December 31, 2004.  ?\n$55 million of operating lease obligations, of which $42 million was in turn assumed by purchasers of major equipment used in plants and operations divested by United States Steel.  ?\nA guarantee of United States Steel’s $14 million contingent obligation to repay certain distributions from its 50 percent owned joint venture PRO-TEC Coating Company.  ?\nA guarantee of all obligations of United States Steel as general partner of Clairton 1314B Partnership, L. P.  to the limited partners.\nUnited States Steel has reported that it currently has no unpaid outstanding obligations to the limited partners.\nFor further discussion of the Clairton 1314B guarantee, see Note 3 to the Consolidated Financial Statements.\nOf the total $671 million, obligations of $602 million and corresponding receivables from United States Steel were recorded on our consolidated balance sheet (current portion – $15 million; long-term portion – $587 million).\nThe remaining $69 million was related to off-balance sheet arrangements and contingent liabilities of United States Steel."}
{"_id": "d8d1372e8", "title": "", "text": "Assets and Liabilities Held for Sale and Discontinued Operations Assets and Liabilities Held for Sale We classify a disposal group to be sold as held for sale in the period in which all of the following criteria are met: management, having the authority to approve the action, commits to a plan to sell the disposal group; the disposal group is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such disposal group; an active program to locate a buyer and other actions required to complete the plan to sell the disposal group have been initiated; the sale of the disposal group is probable, and transfer of the disposal group is expected to qualify for recognition as a completed sale within one year, except if events or circumstances beyond our control extend the period of time required to sell the disposal group beyond one year; the disposal group is being actively marketed for sale at a price that is reasonable in relation to its current fair value; and actions required to complete the plan indicate that it is unlikely that significant changes to the plan will be made or that the plan will be withdrawn.\nA disposal group that is classified as held for sale is initially measured at the lower of its carrying value or fair value less any costs to sell.\nAny loss resulting from this measurement is recognized in the period in which the held for sale criteria are met.\nConversely, gains are not recognized on the sale of a disposal group until the date of sale.\namount of removal costs accumulated through historic depreciation expense based on current factors used in the existing depreciation rates.\nAccordingly, the recorded amounts of estimated future removal costs are considered regulatory liabilities.\nRemoval costs by entity are as follows at Dec.  31:"}
{"_id": "d879d762e", "title": "", "text": "| Cash and cash equivalents $349,615 | Short-term investments | Merchandise inventories | Income taxes receivable | Deferred income taxes | Prepaid expenses and other current assets | Property and equipment, net | Goodwill | Intangible assets | Other assets, net | Current portion of long-term obligations | Accounts payable | Accrued expenses and other | Income taxes payable | Long-term obligations | Deferred income taxes | Other liabilities | Total purchase price assigned |"}
{"_id": "d88fe4caa", "title": "", "text": "Table of Contents incentive payouts and about $33 million in compensation and benefit savings due to lower staffing levels and lower severance related charges in fiscal 2009.\nAcquisition-related charges increased in fiscal 2009 compared with fiscal 2008 primarily due to the amortization of Homestead and ECHO purchased intangible assets, which we acquired in fiscal 2008.\nFiscal 2008 Compared with Fiscal 2007.\nTotal operating expenses as a percentage of total net revenue increased to 59% in fiscal 2008 from 57% in fiscal 2007.\nTotal operating expenses in dollars increased about $270 million in fiscal 2008, approximately $109 million of which was due to our acquisitions of Digital Insight, Homestead and ECHO and approximately $37 million of which was due to higher share-based compensation expense.\nShare-based compensation expense was higher in fiscal 2008 compared with fiscal 2007 due to our broad use of restricted stock units in addition to stock options.\nWe also recorded a $23 million restructuring charge in the fourth quarter of fiscal 2008 in connection with a reallocation of resources to key growth businesses.\nIncluding Digital Insight, Homestead, ECHO, share-based compensation expense and the restructuring charge, about half of the increase in total operating expenses in dollars for fiscal 2008 was due to higher research and development expenses.\nDuring this period, we continued to invest in research and development for existing offerings as well as for new offerings.\nAlmost 45% of the fiscal 2008 increase in total operating expenses in dollars was due to higher selling and marketing expenses.\nOf the total increase in selling and marketing expenses in dollars for this period about a third was due to our acquisition of Digital Insight, whose selling costs are relatively higher compared with our other businesses because they sell their services to financial institutions through a direct sales force.\nAbout 20% of the fiscal 2008 increase in selling and marketing expenses in dollars was due to higher advertising and other marketing expenses to support our Consumer Tax offerings.\nExcluding the impact of the increase in share-based compensation expense, general and administrative expenses declined about $5 million in fiscal 2008 compared with fiscal 2007.\nAcquisition-related charges increased in fiscal 2008 compared with fiscal 2007 primarily due to the amortization of Digital Insight purchased intangible assets, which we acquired in February 2007.\nSegment Operating Income (Loss) Segment operating income or loss is segment net revenue less segment cost of revenue and operating expenses.\nSegment expenses do not include certain costs, such as corporate selling and marketing, product development, and general and administrative expenses and share-based compensation expenses, which are not allocated to specific segments.\nThese unallocated costs totaled $516.8 million in fiscal 2009, $543.0 million in fiscal 2008 and $486.4 million in fiscal 2007.\nSegment expenses also do not include amortization of purchased intangible assets and acquisition-related charges.\nSee Note 15 to the financial statements in Item 8 for reconciliations of total segment operating income to operating income from continuing operations for each fiscal year presented."}
{"_id": "d8c2c6e66", "title": "", "text": "Goodwill impairment Under U. S.  GAAP, goodwill must be allocated to reporting units and tested for impairment at least annually.\nThe Firms process and methodology used to conduct goodwill impairment testing is described in Note 17.\nManagement applies significant judgment when estimating the fair value of its reporting units.\nEstimates of fair value are dependent upon estimates of (a) the future earnings potential of the Firms reporting units, including the estimated effects of regulatory and legislative changes, (b) long-term growth rates and (c) the estimated market cost of equity.\nImprecision in estimating these factors can affect the estimated fair value of the reporting units.\nBased upon the updated valuations for all of its reporting units, the Firm concluded that the goodwill allocated to its reporting units was not impaired at December 31, 2016.\nThe fair values of these reporting units exceeded their carrying values by approximately 10% - 130% for all"}
{"_id": "d8af9db64", "title": "", "text": "| Plant Location Ownership Net Owned Capacity (a) Type | Independence Unit 2; 842 MW | RS Cogen; 425 MW (c) | Nelson 6; 550 MW |"}
{"_id": "d8c9f27e4", "title": "", "text": "| December 31, 2010 | Total   Balance   Sheet | (In millions) | Assets: | Premiums, reinsurance and other receivables | Deferred policy acquisition costs and value of business acquired | Total assets | Liabilities: | Future policy benefits | Policyholder account balances | Other policy-related balances | Other liabilities | Total liabilities |"}
{"_id": "d897fc974", "title": "", "text": "| 2011 $5.4 | 2012 | 2013 | 2014 | 2015 | Thereafter | Total future maturities of the long-term debt |"}
{"_id": "d8366a102", "title": "", "text": "Provision for Income Taxes The Companys effective tax rates were 30% for the years ended September 27, 2008 and September 29, 2007, and 29% for the year ended September 30, 2006.\nThe Companys effective rates differ from the statutory federal income tax rate of 35% due primarily to certain undistributed foreign earnings for which no U. S.  taxes are provided because such earnings are intended to be indefinitely reinvested outside the U. S.  As of September 27, 2008, the Company had deferred tax assets arising from deductible temporary differences, tax losses, and tax credits of $2.1 billion before being offset against certain deferred liabilities for presentation on the Companys balance sheet.\nManagement believes it is more likely than not that forecasted income, including"}
{"_id": "d85e93c96", "title": "", "text": "| Reporting unit-1 Fair value as a % of allocated book value Goodwill | North America Regional Consumer Banking | EMEA Regional Consumer Banking | Asia Regional Consumer Banking | Latin America Regional Consumer Banking | Securities and Banking | Transaction Services | Brokerage and Asset Management | Local Consumer Lending—Cards | In millions of dollars at December 31, 2010 | State and municipal | Foreign government | Corporate | Equity securities | Asset-backed securities | Other debt securities | Non-marketable equity securities | Total investments | Loans-2 | Mortgage servicing rights | Other financial assets measured on a recurring basis | Total assets | Total as a percentage of gross assets-3 | Liabilities | Interest-bearing deposits | Federal funds purchased and securities loaned or sold under | agreements to repurchase | Trading account liabilities | Securities sold, not yet purchased | Derivatives | Interest rate contracts | Foreign exchange contracts | Equity contracts | Commodity contracts | Credit derivatives | Total gross derivatives | Cash collateral received | Netting agreements and market value adjustments | Total derivatives | Short-term borrowings | Long-term debt | Other financial liabilities measured on a recurring basis | Total liabilities | Total as a percentage of gross liabilities-3 |"}
{"_id": "d82f20c66", "title": "", "text": "| U.S. defined benefit pension plans Non-U.S. defined benefit pension plans | December 31, 2011(in millions) | Cash and cash equivalents | Equity securities: | Capital equipment | Consumer goods | Banks and finance companies | Business services | Energy | Materials | Real estate | Other | Total equity securities | Common/collective trust funds(a) | Limited partnerships:(b) | Hedge funds | Private equity | Real estate | Real assets(c) | Total limited partnerships | Corporate debt securities(d) | U.S. federal, state, local and non-U.S. government debt securities | Mortgage-backed securities | Derivative receivables | Other(e) | Total assets measured at fair value(f)(g) | Derivative payables | Total liabilities measured at fair value(h) |"}
{"_id": "d8dacbcdc", "title": "", "text": "Newell Rubbermaid Inc.  2010 Annual Report Operating income for 2009 was $274.7 million, or 11.6% of net sales, an increase of $56.4 million, or 25.8%, from $218.3 million, or 8.2% of net sales, for 2008.\nThe 340 basis point improvement in operating margin was primarily due to moderating input costs, product line exits and rationalizations and productivity improvements.\nIn the aggregate, these improvements contributed 450 basis points to the net expansion in operating margin and were partially offset by unfavorable mix and an increase in SG&A expenses as a percentage of net sales.\nOffice Products Net sales for 2009 were $1,674.7 million, a decrease of $316.1 million, or 15.9%, from $1,990.8 million for 2008.\nCore sales declined 6.5%, which was primarily attributable to weak consumer demand both domestically and internationally and inventory destocking at the retail level.\nReduced sales relating to product line exits and rationalizations and unfavorable foreign currency contributed an additional 6.0% and 3.4%, respectively, to the year-over-year decline.\nOperating income for 2009 was $235.2 million, or 14.0% of net sales, an increase of $22.8 million, or 10.7%, from $212.4 million, or 10.7% of net sales for 2008.\nThe 330 basis point improvement in operating margin was primarily attributable to product line exits and rationalizations.\nIn constant currency, SG&A expenses as a percentage of net sales in 2009 were comparable to 2008.\nTools, Hardware & Commercial Products Net sales for 2009 were $1,525.7 million, a decrease of $299.3 million, or 16.4%, from $1,825.0 million for 2008.\nCore sales declined 15.8% as sales volumes were negatively impacted by inventory management by retail, commercial and industrial customers; continued softness in the residential construction market, both domestically and internationally; and sustained weakness in industrial and commercial channels.\nUnfavorable foreign currency contributed an additional 2.0% decline, and the Technical Concepts acquisition increased sales $26.2 million, or 1.4%, versus the prior year.\nOperating income for 2009 was $245.6 million, or 16.1% of net sales, a decrease of $26.1 million, or 9.6%, from $271.7 million, or 14.9% of net sales, for 2008.\nThe 120 basis point expansion in operating margin was primarily driven by the moderation of input costs compared to the prior year and improved product mix, which combined contributed 190 basis points to the expansion, as well as productivity gains, all of which were partially offset by the adverse impacts of lower production volumes.\nThe lower production volumes were primarily the result of aggressive management of inventory levels by the Company’s customers and lower sales resulting from weak demand.\nIn constant currency, SG&A expenses as a percentage of net sales in 2009 were comparable to 2008."}
{"_id": "d8c367424", "title": "", "text": "| December 31,(in billions) Lifetime lossestimates(a) LTD liquidationlosses(b) | 2013 | Home equity | Prime mortgage | Subprime mortgage | Option ARMs | Total |"}
{"_id": "d86e0de10", "title": "", "text": "Liquidity and Capital Resources Overview During the year ended December 31, 2016, we increased our financial flexibility and our ability to grow our business while maintaining our long-term financial policies.\nOur significant 2016 financing transactions included: ?\nRegistered public offerings of $750.0 million aggregate principal amount of 3.300% senior unsecured notes due 2021 (the “3.300% Notes”) and $500.0 million aggregate principal amount of 4.400% senior unsecured notes due 2026 (the “4.400% Notes”).  ?\nA registered public offering of $1.0 billion aggregate principal amount of 3.375% senior unsecured notes due 2026 (the “3.375% Notes”).  ?\nRegistered public offerings of $600.0 million aggregate principal amount of 2.250% senior unsecured notes due 2022 (the “2.250% Notes”) and $400.0 million aggregate principal amount of 3.125% senior unsecured notes due 2027 (the “3.125% Notes”).  ?\nAmendment of our multicurrency senior unsecured revolving credit facility entered into in June 2013, as amended (the “2013 Credit Facility”), our senior unsecured revolving credit facility entered into in January 2012, as amended and restated in September 2014, as further amended (the “2014 Credit Facility”) and our unsecured term loan entered into in October 2013, as amended (the “Term Loan”) to, among other things, extend the maturity dates by one year.\nAs a holding company, our cash flows are derived primarily from the operations of, and distributions from, our operating subsidiaries or funds raised through borrowings under our credit facilities and debt or equity offerings.\nThe following table summarizes our liquidity as of December 31, 2016 (in thousands):"}
{"_id": "d8dd40e9a", "title": "", "text": "| Interest Rates | Weighted | Range | (In millions) | Senior notes | Advances agreements | Surplus notes | Fixed rate notes | Other notes with varying interest rates | Capital lease obligations | Total long-term debt -1 | Total short-term debt | Total |"}
{"_id": "d862b5a90", "title": "", "text": "| December 31, | 2014 | U.S. | Benefit Obligation: | Discount rates | Rates of compensation increase | Periodic Benefit Cost: | Discount rate | Expected long-term rate of return on plan assets | Rate of compensation increase |"}
{"_id": "d8ea5b06c", "title": "", "text": "| Amount Ratios | December 31Dollars in millions | Risk-based capital | Tier 1 | PNC | PNC Bank | Total | PNC | PNC Bank | Leverage | PNC | PNC Bank |"}
{"_id": "d81da9ac8", "title": "", "text": "| Asset Category Level 1 Level 2 Level 3 Total | Short-term investments: | Fixed Income Securities: | Corporate | RMBS | U.S. Treasuries | Foreign government | CMBS | Other fixed income [1] | Mortgage Loans | Equity Securities: | Large-cap domestic | International | Total pension plan assets at fair value [2] | Other Investments [3]: | Private Market Alternatives | Hedge funds | Total pension plan assets |"}
{"_id": "d89a8e638", "title": "", "text": "| (Dollars in millions) 2008 2007 2006 2005 2004 | Allowance for loan and lease losses, January 1 | Adjustment due to the adoption of SFAS 159 | Loans and leases charged off | Residential mortgage | Home equity | Discontinued real estate | Credit card – domestic | Credit card – foreign | Direct/Indirect consumer | Other consumer | Total consumer charge-offs | Commercial – domestic-1 | Commercial real estate | Commercial lease financing | Commercial – foreign | Total commercial charge-offs | Total loans and leases charged off | Recoveries of loans and leases previously charged off | Residential mortgage | Home equity | Discontinued real estate | Credit card – domestic | Credit card – foreign | Direct/Indirect consumer | Other consumer | Total consumer recoveries | Commercial – domestic-2 | Commercial real estate | Commercial lease financing | Commercial – foreign | Total commercial recoveries | Total recoveries of loans and leases previously charged off | Net charge-offs | Provision for loan and lease losses | Other-3 | Allowance for loan and lease losses, December 31 | Reserve for unfunded lending commitments, January 1 | Adjustment due to the adoption of SFAS 159 | Provision for unfunded lending commitments | Other-4 | Reserve for unfunded lending commitments, December 31 | Allowance for credit losses, December 31 | Loans and leases outstanding at December 31-5 | Allowance for loan and lease losses as a percentage of total loans and leases outstanding at December 31-5, 6 | Consumer allowance for loan and lease losses as a percentage of total consumer loans and leases outstanding at December 31-6 | Commercial allowance for loan and lease losses as a percentage of total commercial loans and leases outstanding at December 31-5 | Average loans and leases outstanding at December 31-5, 6 | Net charge-offs as a percentage of average loans and leases outstanding at December 31-5, 6 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases at December 31-5, 6 | Ratio of the allowance for loan and lease losses at December 31 to net charge-offs-6 |"}
{"_id": "d88928d12", "title": "", "text": "| (In millions) Real Estate  Funds Hedge Funds Other Total | Balance at March 31, 2009 | Unrealized (loss) on plan assets still held | Balance at March 31, 2010 | Purchases, sales and settlements | Transfer in and/or out of Level 3 | Balance at March 31, 2011 | See Note(s) | (Thousands of Dollars) | Regulatory Assets | Current regulatory asset — Unrecovered fuel costs | Pension and employee benefit obligations | AFDC recorded in plant(a) | Conservation programs(a) | Contract valuation adjustments(b) | Losses on reacquired debt | Environmental costs | Renewable resource costs | Net asset retirement obligations(c) | Unrecovered natural gas costs | State commission accounting adjustments(a) | MISO Day 2 costs | Nuclear fuel storage | Nuclear decommissioning costs | Rate case costs | Other | Total noncurrent regulatory assets | Regulatory Liabilities | Current regulatory liability — Overrecovered fuel costs(d) | Plant removal costs | Pension and employee benefit obligations | Contract valuation adjustments(b) | Investment tax credit deferrals | Deferred income tax adjustments | Gain on sale of emission allowances | Interest on income tax refunds | Over recovered fuel costs | Other | Total noncurrent regulatory liabilities |"}
{"_id": "d83ac84ce", "title": "", "text": "Notes to Consolidated Financial Statements – (continued) (Amounts in Millions, Except Per Share Amounts) During 2017, we completed ten acquisitions, eight of which were included in the Integrated Agency Networks (“IAN”) operating segment, and two of which were included in the Constituency Management Group (“CMG”) operating segment.\nThese acquisitions included a digital marketing agency based in the U. S. , a data science and business intelligence firm based in the U. S.  with operations in China, an advertising and consulting company based in Indonesia, a strategic communications agency based in the U. K. , an independent creative agency based in the U. K. , a retail branding and design firm based in the U. S. , a content creation and marketing agency based in the Netherlands, an independent media agency and digital consultancy based in Finland, and an integrated marketing communications agency based in Canada.\nDuring 2017, we recorded approximately $62.0 of goodwill and intangible assets related to our acquisitions.\nDuring 2016, we completed ten acquisitions, three of which were included in the IAN operating segment, and seven of which were included in the CMG operating segment.\nThe most significant acquisitions included a product and service design consultancy based in the U. S. , an integrated healthcare marketing communications agency based in the U. S. , a content creation and digital agency with offices in the U. S.  and the U. K. , a mobile consultancy and application development agency based in the U. K. , a full-service public relations and digital agency based in China, a search engine optimization and digital content marketing agency based in the U. K. , and a mobile focused digital agency based in the U. K.  During 2016, we recorded approximately $149.0 of goodwill and intangible assets related to these acquisitions.\nDuring 2015, we completed five acquisitions, four of which were included in the IAN operating segment, and one of which was included in the CMG operating segment.\nThe most significant acquisitions included a full-service digital agency in the U. K. , a group of creative marketing agencies based in Russia, and a media planning and buying agency with significant digital capabilities in Canada.\nDuring 2015, we recorded approximately $61.0 of goodwill and intangible assets related to these acquisitions.\nThe results of operations of our acquired companies were included in our consolidated results from the closing date of each acquisition.\nWe did not make any payments in stock related to our acquisitions in 2017, 2016 or 2015.\nDetails of cash paid for current and prior years’ acquisitions are listed below."}
{"_id": "d86400d78", "title": "", "text": "| (Dollars in millions) 2009 2008 | Net interest income-1 | As reported | Impact of market-based net interest income-2 | Core net interest income | Impact of securitizations-3 | Core net interest income – managed basis | Average earning assets | As reported | Impact of market-based earning assets-2 | Core average earning assets | Impact of securitizations-4 | Core average earning assets – managed basis | Net interest yield contribution-1 | As reported | Impact of market-based activities-2 | Core net interest yield on earning assets | Impact of securitizations | Core net interest yield on earning assets – managed basis |"}
{"_id": "d888827be", "title": "", "text": "| Con Edison Con Edison of New York | (Millions of Dollars) | Service cost – including administrative expenses | Interest cost on projected benefit obligation | Expected return on plan assets | Amortization of net actuarial loss | Amortization of prior service costs | Net Periodic Benefit Cost | Amortization of regulatory asset* | Total Periodic Benefit Cost | Cost capitalized | Cost deferred | Cost charged (credited) to operating expenses |"}
{"_id": "d875d8a3c", "title": "", "text": "Investment Securities Investment securities totaled $8,372.4 million, or 52% of total assets at December 31, 2010, and $7,497.2 million, or 53% of total assets at December 31, 2009.\nDebt securities, detailed below, comprised this entire investment portfolio at December 31, 2010 and at December 31, 2009.\nThe fair value of debt securities were as follows at December 31, 2010 and 2009:"}
{"_id": "d887e68be", "title": "", "text": "| December 31, | Subsidiaries | (In millions) | Metropolitan Life Insurance Company | Metropolitan Life Insurance Company | Metropolitan Life Insurance Company | Metropolitan Life Insurance Company | Metropolitan Life Insurance Company | Total |"}
{"_id": "d8aec2e88", "title": "", "text": "| Year Ended March 31, Potential Dilutive Shares from Exercise of Common Stock Options | 2004 | 2005 | 2006 |"}
{"_id": "d8f26f5dc", "title": "", "text": "| Years Ended March 31, | 2012 | Direct Sales | Retail Chains | Institutions | Independents | Subtotal | Sales to retail customers’ warehouses | Total |"}
{"_id": "d8acdefb8", "title": "", "text": "OUR FRANCHISE PROGRAM As of December 31, 2006, our 4,572 domestic franchise stores were owned and operated by our 1,259 domestic franchisees.\nThe success of our franchise formula, which enables franchisees to benefi t from our brand name with a relatively low initial capital investment, has attracted a large number of motivated entrepreneurs as franchisees.\nAs of December 31, 2006, the average domestic franchi-"}
{"_id": "d8c3581fe", "title": "", "text": "| Year ended December 31, | 2007 | (in millions) | Cash value of surrenders | Cash value of surrenders as a percentage of mean future benefit reserves, policyholders’ account balances, and separate account balances |"}
{"_id": "d873b5868", "title": "", "text": "| 2004 Entergy Arkansas Entergy Gulf States Entergy Louisiana Entergy Mississippi Entergy New Orleans System Energy | (In Thousands) | Service cost - benefits earned during the period | Interest cost on APBO | Expected return on assets | Amortization of transition obligation | Amortization of prior service cost | Recognized net loss | Net other postretirement benefit cost |"}
{"_id": "d85ee07d0", "title": "", "text": "| Target Asset Allocation 2015 Actual Asset Allocation | Asset Category | Equity securities | Debt securities | Other | Total |"}
{"_id": "d82223a9a", "title": "", "text": "| CECONY O&R Competitive Energy Businesses Other(a) Con Edison(b) | (Millions of Dollars) | Operating revenues | Purchased power | Fuel | Gas purchased for resale | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Gain on sale of solar electric production projects | Operating income (loss) | Other income less deductions | Net interest expense | Income before income tax expense | Income tax expense | Net income for common stock |"}
{"_id": "d8832960a", "title": "", "text": "| At December 31, | 2011 | (dollar amounts in millions) | Contract amount represents credit risk | Commitments to extend credit | Commercial | Consumer | Commercial real estate | Standby letters of credit |"}
{"_id": "d8eabe0c2", "title": "", "text": "| U.S. Plans Non-U.S. Plans | 2016 | Defined benefit plans: | Service cost (benefits earned during the period) | Interest cost | Expected return on plan assets | Net amortization and other | Net periodic pension expense | Defined contribution plans | Total retirement plans expense | Shares | Beginning of year | Granted | Earned/vested | Canceled | End of year |"}
{"_id": "d81a10218", "title": "", "text": "| Purchase Price Allocation (In thousands) | Cash | Current assets | Property and equipment | Acquisition intangibles | Other noncurrent assets | Current liabilities | Total purchase price |"}
{"_id": "d8204fcf0", "title": "", "text": "Total Benefi ts, Losses and Expenses Total benefi ts, losses and expenses decreased $19,600 or 9%, to $201,473 in Twelve Months 2014 compared with $221,073 in Twelve Months 2013.\nInterest expense declined $19,340 primarily due to repayment of the 2004 Senior Notes with an aggregate principal amount of $500,000 on February 18, 2014.\nIncluded in selling, underwriting and general expenses is a $21,526 loss on an asset held for sale.\nExcluding this item, Twelve Months 2014 had lower selling, underwriting and general expenses compared with Twelve Months 2013 primarily due to lower employee-related costs and impact of expense reduction initiatives."}
{"_id": "d8e1c130c", "title": "", "text": "| December 31, 2010 2010 | (Dollars in millions) | With no recorded allowance | U.S. commercial | Commercial real estate | Non-U.S.commercial | U.S. small business commercial-2 | With an allowance recorded | U.S. commercial | Commercial real estate | Non-U.S.commercial | U.S. small business commercial-2 | Total | U.S. commercial | Commercial real estate | Non-U.S.commercial | U.S. small business commercial-2 |"}
{"_id": "d8c8acc0e", "title": "", "text": "| Years Ended September 30, | 2018 | (in thousands) | Liquidity and Capital Resources | Cash and cash equivalents and investments | Cash provided by operating activities | Cash (used in) provided by investing activities | Cash used in financing activities |"}
{"_id": "d87b9bcbc", "title": "", "text": "| December 31, 2007 | Problem, potential problem, and restructured | Carrying amount | (in millions) | Three months or less | Greater than three to six months | Greater than six to nine months | Greater than nine to twelve months | Greater than twelve months | Total fixed maturity securities, available-for-sale |"}
{"_id": "d8d624a62", "title": "", "text": "| Year Ended December 31, | 2009 | (in millions, except per share and ratio information) | Income Statement Data: | Revenues: | Premiums | Policy charges and fee income | Net investment income | Asset management fees and other income | Realized investment gains (losses), net | Total revenues | Benefits and expenses: | Policyholders’ benefits | Interest credited to policyholders’ account balances | Dividends to policyholders | General and administrative expenses | Total benefits and expenses | Income (loss) from continuing operations before income taxes, equity in earnings of operating joint ventures, extraordinary gainon acquisition and cumulative effect of accounting change | Income tax expense (benefit) | Income (loss) from continuing operations before equity in earnings of operating joint ventures, extraordinary gain on acquisitionand cumulative effect of accounting change | Equity in earnings of operating joint ventures, net of taxes | Income (loss) from continuing operations before extraordinary gain on acquisition and cumulative effect of accountingchange | Income (loss) from discontinued operations, net of taxes | Net income (loss) | Less: Income (loss) attributable to noncontrolling interests | Net Income (loss) attributable to Prudential Financial, Inc. | Basic income (loss) from continuing operations attributable to | Prudential Financial, Inc. per share—Common Stock | Diluted income (loss) from continuing operations attributable to | Prudential Financial, Inc. per share—Common Stock | Basic net income (loss) attributable to Prudential Financial, Inc. per share—Common Stock | Diluted net income (loss) attributable to Prudential Financial, Inc. per share—Common Stock | Basic and diluted income (loss) from continuing operations attributable to Prudential Financial, Inc. per share—Class BStock | Basic and diluted net income (loss) attributable to Prudential | Financial, Inc. per share—Class B Stock | Dividends declared per share—Common Stock | Dividends declared per share—Class B Stock | Ratio of earnings to fixed charges-1 |"}
{"_id": "d8c1a8a20", "title": "", "text": "| December 31, 2012 December 31, 2011 | Carrying amount | ($ in millions) | Fixed maturities: | Public | Private | Equity securities | Mortgage loans: | Commercial | Residential | Real estate held for sale | Real estate held for investment | Policy loans | Other investments | Total invested assets | Cash and cash equivalents | Total invested assets and cash |"}
{"_id": "d89bcbec4", "title": "", "text": "| Average volume Interest revenue % Average rate | In millions of dollars, except rates | Assets | Deposits with banks-5 | Federal funds sold and securities borrowed or purchased under agreements to resell-6 | In U.S. offices | In offices outside the U.S.-5 | Total | Trading account assets-7(8) | In U.S. offices | In offices outside the U.S.-5 | Total | Investments | In U.S. offices | Taxable | Exempt from U.S. income tax | In offices outside the U.S.-5 | Total | Loans (net of unearned income)(9) | In U.S. offices | In offices outside the U.S.-5 | Total | Other interest-earning assets-10 | Total interest-earning assets | Non-interest-earning assets-7 | Total assets from discontinued operations | Total assets |"}
{"_id": "d8a06de96", "title": "", "text": "| Years Ended December 31, 2007/2006 2006/2005 | (Dollars in millions) | Gains (losses) from sales: | Fixed maturities | Gains | Losses | Total | Equity securities, market value | Gains | Losses | Total | Equity securities, fair value | Gains | Losses | Total | Other invested assets | Gains | Losses | Total | Short-term investments | Gains | Losses | Total | Total net realized gains (losses) from sales | Gains | Losses | Total | Gains (losses) from fair value adjustments: | Equity securities, fair value | Total net realized gains (losses) | (NM, not meaningful) | (Some amounts may not reconcile due to rounding) |"}
{"_id": "d826da890", "title": "", "text": "| Total Domestic International | $ | December 31, 2017 | Components of revenue change: | Foreign exchange rate impact | Acquisition revenue, net of disposition revenue | Organic growth | Impact of adoption of ASC 606 | December 31, 2018 | 2018 | Americas: | North America | Latin America | EMEA: | Europe | Middle East and Africa | Asia-Pacific | $15,290.2 |"}
{"_id": "d8dd13544", "title": "", "text": "| Year Ended | September 30, | 2007 | Current Provision: | Federal | State | International | 153,816 | Deferred benefit: | Federal | State | International | -12,022 | $ 141,794 |"}
{"_id": "d8800fcd0", "title": "", "text": "| Year ended December 31, | 2009 | Net cash provided by operating activities | Net cash (used in) provided by investing activities | Net cash (used in) provided by financing activities |"}
{"_id": "d86489984", "title": "", "text": "During the year ended December 31, 2014 , the company determined that it was no longer the primary beneficiary of a CLO due to a change in the rights held by others.\nDuring the year ended December 31, 2013 , the company deconsolidated four entities: a CLO due to a reassessment of rights held by others; a CLO and CLO warehouse in liquidation; and a private equity fund due to a change in the ownership of the parent of the general partner of the fund.\nThe amounts deconsolidated from the Consolidated Balance Sheet are illustrated in the table below.\nThere was no net impact to the Consolidated Statements of Income for the years ended December 31, 2014 and December 31, 2013 from the deconsolidation of these investment products.\nconnection with this matter could have a material adverse impact on our consolidated cash flows and results of operations.\nITEM 4.\nSUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS On November 14, 2008, our stockholders voted to approve our merger with Allied Waste Industries, Inc.  at a special meeting held for that purpose.\nResults of the voting at that meeting are as follows:"}
{"_id": "d8ca63caa", "title": "", "text": "| Years Ended December 31, | 2011 | (In millions) | Income (loss) from continuing operations, net of income tax | Less: Net investment gains (losses) | Less: Net derivative gains (losses) | Less: Other adjustments to continuing operations -1 | Less: Provision for income tax (expense) benefit | Operating earnings | Less: Preferred stock dividends | Operating earnings available to common shareholders |"}
{"_id": "d8ed4354a", "title": "", "text": "1 This intangible asset will be amortized on a straight-line basis through 2023 in the U. S.  and 2018 in the rest of the world.\nAll of the estimated fair value of the acquired IPR&D is attributable to oncology-related products in development, including $1.33 billion to line extensions for Erbitux.\nA signifi cant portion (81 percent) of the remaining value of acquired IPR&D is attributable to two compounds in Phase III clinical testing and one compound in Phase II clinical testing, all targeted to treat various forms of cancers.\nThe discount rate we used in valuing the acquired IPR&D projects was 13.5 percent, and the charge for acquired IPR&D of $4.69 billion recorded in the fourth quarter of 2008, was not deductible for tax purposes."}
{"_id": "d889f777a", "title": "", "text": "Net Sales Net sales decreased by $212.9 million, or 9.0%, for the year ended December 31, 2009 from the year ended December 31, 2008.\nNet sales decreased primarily due to the impact of lower sales volume ($145.5 million) and decreased sales prices of corrugated products and containerboard ($67.4 million).\nTotal corrugated products volume sold decreased 4.6% to 28.9 billion square feet in 2009 compared to 30.3 billion square feet in 2008.\nOn a comparable shipment-per-workday basis, corrugated products sales volume decreased 3.8% in 2009 from 2008.\nShipments-per-workday is calculated by dividing our total corrugated products volume during the year by the number of workdays within the year.\nThe larger percentage decrease, on a total shipments basis, was due to the fact that 2009 had two fewer workdays (250 days), those days not falling on a weekend or holiday, than 2008 (252 days).\nContainerboard sales volume to external domestic and export customers decreased 9.9% to 431,000 tons for the year ended December 31, 2009 from 478,000 tons in 2008.\nOutside sales of both corrugated products and containerboard began 2009 with significantly lower volumes compared to 2008 and steadily improved throughout the year."}
{"_id": "d8cc44998", "title": "", "text": "Ameriprise Advisor Group Deferred Compensation Plan The Employee Advisor Deferral Plan, which was created in April 2009, allows for employee advisors to receive share-based bonus awards which are subject to future service requirements and forfeitures.\nThe Employee Advisor Deferral Plan is an unfunded non-qualified deferred compensation plan under section 409A of the Internal Revenue Code.\nThe Employee Advisor Deferral Plan also gives qualifying employee advisors the choice to defer a portion of their base salary or commissions beginning in 2010.\nThis deferral can be in the form of share-based awards or other investment options.\nDeferrals are not subject to future service requirements or forfeitures.\nUnder the Employee Advisor Deferral Plan, a maximum of 3.0 million shares may be issued.\nAwards granted under the Employee Advisor Deferral Plan may be settled in cash and/or shares of the Companys common stock according to the awards terms.\nAs of December 31, 2011, there were approximately 0.3 million units outstanding under the Employee Advisor Deferral Plan, of which nil were fully vested."}
{"_id": "d8734bddc", "title": "", "text": "Our personal injury liability is discounted to present value using applicable U. S.  Treasury rates.\nApproximately 87% of the recorded liability related to asserted claims, and approximately 13% related to unasserted claims.\nPersonal injury accruals were higher in 2004 due to a 1998 crossing accident verdict upheld in 2004 and a 2004 derailment near San Antonio.\nAsbestos  We are a defendant in a number of lawsuits in which current and former employees allege exposure to asbestos.\nAdditionally, we have received claims for asbestos exposure that have not been litigated.\nThe claims and lawsuits (collectively referred to as claims) allege occupational illness resulting from exposure to asbestoscontaining products.\nIn most cases, the claimants do not have credible medical evidence of physical impairment resulting from the alleged exposures.\nAdditionally, most claims filed against us do not specify an amount of alleged damages.\nDuring 2004, we engaged a third party with extensive experience in estimating resolution costs for asbestosrelated claims to assist us in assessing the number and value of these unasserted claims through 2034, based on our average claims experience over a multi-year period.\nAs a result, we increased our liability in 2004 for asbestosrelated claims in the fourth quarter of 2004.\nThe liability for resolving both asserted and unasserted claims was based on the following assumptions: ?\nThe number of future claims received would be consistent with historical averages.  ?\nThe number of claims filed against us will decline each year.  ?\nThe average settlement values for asserted and unasserted claims will be equivalent to historical averages.  ?\nThe percentage of claims dismissed in the future will be equivalent to historical averages."}
{"_id": "d866fc838", "title": "", "text": "| December 31, 2008 | Aaa | Cost or | Amortized | Cost | (In millions) | 2003 & Prior | 2004 | 2005 | 2006 | 2007 | 2008 | Total |"}
{"_id": "d8d3a9c4c", "title": "", "text": "(a) Represents external costs directly related to the acquisition of Norcraft and primarily includes expenditures for banking, legal, accounting and other similar services.\nIn future periods the Company may record, in the Corporate segment, material expense or income associated with actuarial gains and losses arising from periodic remeasurement of our liabilities for defined benefit plans.\nAt a minimum the Company will remeasure its defined benefit plan liabilities in the fourth quarter of each year.\nRemeasurements due to plan amendments and settlements may also occur in interim periods during the year.\nRemeasurement of these liabilities attributable to updating our liability discount rates and expected return on assets may, in particular, result in material income or expense recognition."}
{"_id": "d869dcc9c", "title": "", "text": "| Period TotalNumberof SharesPurchased-1 AveragePrice Paidper Share Total Numberof SharesPurchased asPart of PubliclyAnnounced Program ApproximateDollarValue of SharesRemaining thatmay bePurchased Underthe Program-2 | October 1 - 31, 2014 | November 1 - 30, 2014 | December 1 - 31, 2014 | Total |"}
{"_id": "d8ba90a9e", "title": "", "text": "| In Millions Defined Benefit Pension Plans Other Postretirement Benefit Plans Gross Payments Medicare Subsidy Receipts Postemployment Benefit Plans | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 – 2018 |"}
{"_id": "d8b55c172", "title": "", "text": "| June 27, 2013 December 31, 2013 | CDW Corp | S&P MidCap 400 index | CDW Peers |"}
{"_id": "d8c2f1120", "title": "", "text": "2017 compared to 2016 Carlin, USA.\nGold production increased 3% primarily due to higher tons and ore grade mined at Leeville, partially offset by halted mining activity at the Silverstar mine due to the geotechnical issues in the fourth quarter of 2016.\nCosts applicable to sales per ounce decreased 1% due to higher ounces sold.\nDepreciation and amortization per ounce increased 8% primarily due to lower surface grades mined resulting in inventory drawdowns.\nAll-in sustaining costs per ounce was in line with 2016."}
{"_id": "d8770a806", "title": "", "text": "Table of Contents periodically, but no less than monthly.\nAccordingly, the marketing component is considered earned and recognized in other revenues in the period of the mileage sale.\nUpon application of the relative selling price method in 2013 for American’s Citibank modification, we reduced our travel component liability and recorded other revenue of approximately $31 million.\nAs a result of the change in the marketing component value when the relative selling price method is applied, we now defer less revenue per mile sold.\nAs of December 31, 2015 and 2014, American had $1.5 billion in deferred revenue from the sale of mileage credits (recorded within loyalty program liability on the consolidated balance sheets).\nFor the years ended December 31, 2015, 2014 and 2013, the marketing component of mileage sales recognized at the time of sale in other revenues was approximately $1.5 billion, $1.4 billion and $834 million, respectively.\nA change to certain estimates used in the calculation of incremental cost could have a material impact on the liability.\nA one percentage point increase or decrease in the percentage of travel awards redeemed on partner airlines would have an approximate $35 million impact on the liability as of December 31, 2015.\nA 10% increase or decrease in the assumed price per gallon of fuel would have an approximate $12 million impact on the liability as of December 31, 2015.\nA change to the estimated fair value of the transportation component could have a significant impact on revenue.\nA 10% increase or decrease in the estimated fair value of the transportation component would have an approximately $75 million impact on revenue recognized in 2015.\nThe number of one way travel award redemptions during the year ended December 31, 2015, was 8.3 million representing 6.5% of our total mainline and regional RPMs during that period.\nWe believe displacement of revenue passengers is minimal given our load factors and our ability to manage loyalty program seat inventory.\nPensions and Retiree Medical and Other Postretirement Benefits We recognize the funded status (i. e. , the difference between the fair value of plan assets and the projected benefit obligations) of our pension and other postretirement plans in the consolidated balance sheet with a corresponding adjustment to accumulated other comprehensive income (loss).\nOur pension and other postretirement benefit costs and liabilities are calculated using various actuarial assumptions and methodologies.\nWe use certain assumptions including, but not limited to, the selection of the: (i) discount rate; (ii) expected return on plan assets; (iii) expected health care cost trend rate and (iv) the estimated age of pilot retirement (as discussed below).\nThese assumptions as of December 31 were:"}
{"_id": "d8eeb9ca8", "title": "", "text": "| As of December | $ in millions | Common shareholders’ equity | Deductions for goodwill and identifiable intangible assets, net of deferred tax liabilities | Deductions for investments in nonconsolidated financial institutions | Other adjustments | CET1 | Basel III Advanced RWAs | Basel III Advanced CET1 ratio | Standardized RWAs | Standardized CET1 ratio |"}
{"_id": "d8bbf2f0e", "title": "", "text": "VF CORPORATION Consolidated Statements of Cash Flows\na) The cash flows related to discontinued operations have not been segregated, and remain included in the major classes of assets and liabilities.\nAccordingly, the Consolidated Statements of Cash Flows include the results of continuing and discontinued operations.\nSee notes to consolidated financial statements."}
{"_id": "d8b4149d6", "title": "", "text": "HESS CORPORATION AND CONSOLIDATED SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) In 2011, HOVENSA experienced continued substantial operating losses due to global economic conditions and competitive disadvantages versus other refiners, despite efforts to improve operating performance by reducing refining capacity to 350,000 from 500,000 barrels per day in the first half of the year.\nOperating losses were also projected to continue.\nIn January 2012, HOVENSA announced a decision to shut down its refinery and operate the complex as an oil storage terminal.\nAs a result of these developments, HOVENSA prepared an impairment analysis as of December 31, 2011, which concluded that undiscounted future cash flows would not recover the carrying value of its long-lived assets, and recorded an impairment charge and other charges related to the decision to shut down the refinery.\nFor 2011, the Corporation recorded a total of $1,073 million of losses from its equity investment in HOVENSA.\nThese pre-tax losses included $875 million ($525 million after income taxes) due to the impairment recorded by HOVENSA and other charges associated with its decision to shut down the refinery.\nThe Corporations share of the impairment related losses recorded by HOVENSA represents an amount equivalent to the Corporations financial support to HOVENSA at December 31, 2011, its planned future funding commitments for costs related to the refinery shutdown, and a charge of $135 million for the write-off of related assets held by the subsidiary which owns the Corporations investment in HOVENSA.\nAt December 31, 2011, the Corporation has a liability of $487 million for its planned funding commitments, which is expected to be incurred in 2012.\nA deferred income tax benefit of $350 million, consisting primarily of U. S.  income taxes, has been recorded on the Corporations share of HOVENSAs impairment and refinery shutdown related charges.\nIn December 2010, the Corporation recorded an impairment charge of $300 million before income taxes ($289 million after income taxes) to reduce the carrying value of its equity investment in HOVENSA to its fair value, which was recorded in Income (loss) from equity investment in HOVENSA L. L. C.  The investment had been adversely affected by consecutive annual operating losses resulting from continued weak refining margins and refinery utilization and a fourth quarter 2010 debt rating downgrade.\nAs a result of a strategic assessment in 2010, HOVENSA decided to lower crude oil refining capacity to 350,000 from 500,000 barrels per day in 2011.\nThe Corporation performed an impairment analysis and concluded that its investment had experienced an other than temporary decline in value.\nThe fair value was determined based on an income approach using estimated refined petroleum product selling prices and volumes, related costs of product sold, capital and operating expenditures and a market based discount rate (a Level 3 fair value measurement).\nIn February 2012, HOVENSA completed a tender offer to repurchase its outstanding tax exempt bonds at par.6.\nProperty, Plant and Equipment Property, plant and equipment at December 31 consist of the following"}
{"_id": "d8cf13ad4", "title": "", "text": "during the last half of the year, the unsecured consumer portfolios within Global Card Services experienced lower levels of delinquency and by the fourth quarter consumer credit began to stabilize and in some cases improve.\nAs part of our ongoing risk mitigation and consumer client support initiatives, we have been working with borrowers to modify their loans to terms that better align with their current ability to pay.\nUnder certain circumstances, we identify these as TDRs which are modifications where an economic concession is granted to a borrower experiencing financial difficulty.\nFor more information on TDRs and portfolio impacts, see Nonperforming Consumer Loans and Foreclosed Properties Activity beginning on page 74 and Note 6  Outstanding Loans and Leases to the Consolidated Financial Statements.\nTable 17 presents our consumer loans and leases and our managed credit card portfolio, and related credit quality information.\nNonperforming loans do not include consumer credit card, consumer loans secured by personal property or unsecured consumer loans that are past due as these loans are generally charged off no later than the end of the month in which the account becomes 180 days past due.\nReal estate-secured past due loans, repurchased pursuant to our servicing agreement with Government National Mortgage Association (GNMA) are not reported as nonperforming as repayments are insured by the Federal Housing Administration (FHA).\nAdditionally, nonperforming loans and accruing balances past due 90 days or more do not include the Countrywide purchased impaired loans even though the customer may be contractually past due.\nLoans that were acquired from Countrywide that were considered impaired were written down to fair value upon acquisition.\nIn addition to being included in the Outstandings column in the following table, these loans are also shown separately, net of purchase accounting adjustments, for increased transparency in the Countrywide Purchased Impaired Loan Portfolio column.\nFor additional information, see Note 6  Outstanding Loans and Leases to the Consolidated Financial Statements.\nUnder certain circumstances, loans that were originally classified as discontinued real estate loans upon acquisition have been subsequently modified and are now included in the residential mortgage portfolio shown below.\nThe impact of the Countrywide portfolio on certain credit statistics is reported where appropriate.\nRefer to the Countrywide Purchased Impaired Loan Portfolio discussion beginning on page 71 for more information.\nLoans that were acquired from Merrill Lynch were recorded at fair value including those that were considered impaired upon acquisition.\nThe Merrill Lynch consumer purchased impaired loan portfolio did not materially alter the reported credit quality statistics of the consumer portfolios and is, therefore, excluded from the Countrywide Purchased Impaired Loan Portfolio column and discussion that follows.\nIn addition, the nonperforming loans and delinquency statistics presented below include the Merrill Lynch purchased impaired loan portfolio based on the customers performance under the contractual terms of the loan.\nAt December 31, 2009, consumer loans included $47.2 billion from Merrill Lynch of which $2.0 billion of residential mortgage and $146 million of home equity loans were included in the Merrill Lynch purchased impaired loan portfolio.\nThere were no reported net charge-offs on these loans during 2009 as the initial fair value at acquisition date already considered the estimated credit losses."}
{"_id": "d889bcb8e", "title": "", "text": "The employee-related costs included costs related to severance, benefits and outplacement services.\nReal estate consolidation costs resulted from actions taken to reduce our occupancy costs through consolidation of leases and properties.\nInformation technology costs included transition fees related to the above-described expansion of our use of service providers.\nIn 2010, in connection with the program, we initiated the involuntary termination of 1,400 employees, or approximately 5% of our global workforce, which was substantially complete at the end of 2011.\nIn addition, in the third quarter of 2011, in connection with the expansion of our use of service providers associated with our information technology infrastructure and application maintenance and support, we identified 530 employees who will be provided with severance and outplacement services as their roles are eliminated.\nAs of December 31, 2011, in connection with the planned aggregate staff reductions of 1,930 employees described above, 1,332 employees had been involuntarily terminated and left State Street, including 782 employees in 2011.\nIn connection with our continued implementation of the business operations and information technology transformation program, we achieved approximately $86 million of annual pre-tax, run-rate expense savings in 2011 compared to 2010 run-rate expenses.\nExcluding the expected aggregate restructuring charges of $400 million to $450 million described earlier, we expect the program to reduce our pre-tax expenses from operations, on an annualized basis, by approximately $575 million to $625 million by the end of 2014 compared to 2010, with the full effect realized in 2015.\nAssuming all other things equal, we expect to achieve aggregate annual pre-tax expense savings of approximately $540 million by the end of 2014, for a total annual pre-tax expense savings of approximately $600 million to be realized in 2015.\nWe expect the business operations transformation component of the program to result in annual pre-tax expense savings of approximately $440 million in 2015, with the majority of these savings expected to be achieved by the end of 2013.\nIn addition, we expect the information technology transformation component of the program to result in annual pre-tax expense savings of approximately $160 million in 2015.\nThese annual pre-tax run-rate savings relate only to the business operations and information technology transformation program.\nOur actual operating expenses may increase or decrease as a result of other factors.\nThe majority of the annualized savings will affect compensation and employee benefits expenses; these savings will be modestly offset by increases in information systems and communications expenses as we implement the program.2011 Expense Control Measures During the fourth quarter of 2011, in connection with expense control measures designed to calibrate our expenses to our outlook for our capital markets-facing businesses in 2012, we took two actions.\nFirst, we"}
{"_id": "d8ef7026e", "title": "", "text": "These surcharges will increase as NYSERDA increases its renewables energy purchases.\nThe NYSPSC issued an order in January 2010 formally increasing the RPS target to 30 percent by 2015 and requiring NYSPSC staff to develop a program to address the geographic balance of the RPS, setting-aside up to $30 million per year to be spent in the downstate region (including in the Utilities’ service territories) until 2015 for this purpose.\nLarge renewable resources are grid-connected and sell their energy output in the wholesale energy market administered by the NYISO.\nAs a result of the Utilities participation in the NYISO wholesale markets, a portion of the Utilities’ NYISO energy purchases are sourced from renewable resources.\nThe energy produced by customer-sited renewables offsets the energy which the Utilities would otherwise have procured, thereby reducing the overall level of non-renewable energy consumed.\nIn 2008, the NYSPSC issued an order authorizing the Utilities to begin implementing energy efficiency programs.\nCosts of the programs will be recovered primarily through a separate non-bypassable charge.\nGas Operations Gas Facilities CECONY’s capitalized costs for utility plant, net of accumulated depreciation, for gas facilities, which are primarily distribution facilities, were $3,153 million and $2,892 million at December 31, 2010 and 2009, respectively.\nCECONY’s gas sales and deliveries for the last five years were Natural gas is delivered by pipeline to CECONY at various points in its service territory and is distributed to customers by the company through an estimated 4,340 miles of mains and 385,396 service lines.\nThe company owns a natural gas liquefaction facility and storage tank at its Astoria property in Queens, New York.\nThe plant can store approximately 1,000 mdths of which a maximum of about 250 mdths can be withdrawn per day.\nThe company has about 1,226 mdths of additional natural gas storage capacity at a field in upstate New York, owned and operated by Honeoye Storage Corporation, a corporation 28.8 percent owned by CECONY and 71.2 percent owned by Con Edison Development.\nGas Sales and Deliveries The company generally recovers the cost of the gas that it buys and then sells to its firm sales customers.\nIt does not make any margin or profit on the gas it sells.\nCECONY’s gas revenues are subject to a weather normalization clause and, effective October 2007, a revenue decoupling mechanism.\nAs a result, its gas delivery revenues are generally not affected by changes in delivery volumes from levels assumed when rates were approve"}
{"_id": "d8d5fef38", "title": "", "text": "| In millions 2008 2007 2006 | New restaurants | Existing restaurants | Other-1 | Total capital expenditures | Total assets |"}
{"_id": "d8eaec896", "title": "", "text": "| Years Ended December 31, | (Dollars in millions) | 2010 | Attritional | Catastrophes | Total segment | 2009 | Attritional | Catastrophes | Total segment | 2008 | Attritional | Catastrophes | Total segment | Variance 2010/2009 | Attritional | Catastrophes | Total segment | Variance 2009/2008 | Attritional | Catastrophes | Total segment | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8a120ae6", "title": "", "text": "Entergy Corporation and Subsidiaries Management’s Financial Discussion and Analysis 26 Capital Expenditure Plans and Other Uses of Capital Following are the amounts of Entergy’s planned construction and other capital investments by operating segment for 2017 through 2019."}
{"_id": "d8d609cc6", "title": "", "text": "| Year Ended December 31, Change | (in thousands, except percentages) | Revenue: | Lease licenses | Perpetual licenses | Software licenses | Maintenance | Service | Maintenance and service | Total revenue |"}
{"_id": "d8f49173e", "title": "", "text": "assumptions used to calculate fair value also included a three-year risk-free rate of 4.735%, dividend yields of 2.3% to 5.2% for the peer group, volatility of 12.91% to 18.33% for the peer group, and Amerens maintenance of its $2.54 annual dividend over the performance period.\nRestricted Stock Restricted stock awards in Ameren common stock were granted under the 1998 Plan from 2001 to 2005.\nRestricted shares have the potential to vest over a sevenyear period from the date of grant if the company achieves certain performance levels.\nAn accelerated vesting provision included in this plan reduces the vesting period from seven years to three years if the earnings growth rate exceeds a prescribed level.\nStock Options Ameren Options in Ameren common stock were granted under the 1998 Plan at a price not less than the fair-market value of the common shares at the date of grant.\nGranted options vest over a period of five years, beginning at the date of grant, and they permit accelerated exercising upon the occurrence of certain events, including retirement.\nThere have not been any stock options granted since December 31, 2000.\nOutstanding options of 85,800 at December 31, 2008, expire on various dates through 2010.\nThere is no expense from stock options for the years ended December 31, 2008, 2007 and 2006, as all options granted were fully vested."}
{"_id": "d8eddb37c", "title": "", "text": "ADVANCE AUTO PARTS, INC.  AND SUBSIDIARIES NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS – (Continued) December 29, 2007, December 30, 2006 and December 31, 2005 (in thousands, except per share data) 11.\nStock Repurchase Program: During fiscal 2007, the Company's Board of Directors authorized a new stock repurchase program of up to $500,000 of the Company's common stock plus related expenses.\nThe new program cancelled and replaced the remaining portion of the previous $300,000 stock repurchase program.\nThe program allows the Company to repurchase its common stock on the open market or in privately negotiated transactions from time to time in accordance with the requirements of the Securities and Exchange Commission.\nDuring fiscal 2007, the Company repurchased 8,341 shares of common stock at an aggregate cost of $285,869, or an average price of $34.27 per share, of which 1,330 shares of common stock were repurchased under the previous $300,000 stock repurchase program.\nAs of December 29, 2007, 77 shares have been repurchased at an aggregate cost of $2,959 and remained unsettled.\nDuring fiscal 2007, the Company retired 6,329 shares previously repurchased under the stock repurchase programs.\nAt December 29, 2007, the Company had $260,567 remaining under the current stock repurchase program.\nSubsequent to December 29, 2007, the Company repurchased 4,563 shares of common stock at an aggregate cost of $155,350, or an average price of $34.04 per share.\nDuring fiscal 2006, the Company retired 5,117 shares of common stock which were previously repurchased under the Company’s prior stock repurchase program.\nThese shares were repurchased during fiscal 2006 and fiscal 2005 at an aggregate cost of $192,339, or an average price of $37.59 per share.12.\nIncome Taxes: As a result of the adoption of FIN 48 on December 31, 2006, the Company recorded an increase of $2,275 to the liability for unrecognized tax benefits and a corresponding decrease in its balance of retained earnings.\nThe following ta"}
{"_id": "d84845980", "title": "", "text": "Pipeline transportation – We own a system of pipelines through Marathon Pipe Line LLC (“MPL”) and Ohio River Pipe Line LLC (“ORPL”), our wholly-owned subsidiaries.\nOur pipeline systems transport crude oil and refined products primarily in the Midwest and Gulf Coast regions to our refineries, our terminals and other pipeline systems.\nOur MPL and ORPL wholly-owned and undivided interest common carrier systems consist of 1,737 miles of crude oil lines and 1,825 miles of refined product lines comprising 32 systems located in 11 states.\nThe MPL common carrier pipeline network is one of the largest petroleum pipeline systems in the United States, based on total barrels delivered.\nOur common carrier pipeline systems are subject to state and Federal Energy Regulatory Commission regulations and guidelines, including published tariffs for the transportation of crude oil and refined products.\nThird parties generated 13 percent of the crude oil and refined product shipments on our MPL and ORPL common carrier pipelines in 2009.\nOur MPL and ORPL common carrier pipelines transported the volumes shown in the following table for each of the last three years."}
{"_id": "d8777ee18", "title": "", "text": "| Dollars in millions For the Years Ended December 31, Components of Increase (Decrease) | 2018 | Operating revenue | Operating income | Operating margin % |"}
{"_id": "d8afbdd9c", "title": "", "text": "| Years ended December 31, | Cash Flow Data | Net income, adjusted to reconcile to net cash provided by operating activities1 | Net cash used in working capital2 | Changes in other non-current assets and liabilities | Net cash provided by operating activities | Net cash used in investing activities | Net cash used in financing activities |"}
{"_id": "d87851be2", "title": "", "text": "| 2012 $29 | 2013 | 2014 | 2015 | 2016 | Thereafter | Total long-term debt |"}
{"_id": "d8d6e5a96", "title": "", "text": "| 2007 2006 2005 | Recurring tenant improvements | Recurring leasing costs | Building improvements | Totals |"}
{"_id": "d818fa748", "title": "", "text": "| Derivative assets -1 Derivative liabilities -2 | December 31, 2009 | (in millions) | Derivatives designated as hedging instruments | Interest rate contracts | Foreign exchange contracts | Total derivatives designated as hedging instruments | Derivatives not designated as hedging instruments | Interest rate contracts | Foreign exchange contracts | Equity contracts | Credit contracts | Other contracts | Total derivatives not designated as hedging instruments | Total derivative instruments |"}
{"_id": "d87d0422a", "title": "", "text": "?\nthe ability to identify suitable acquisition candidates and the ability to finance such acquisitions, which depends upon the availability of adequate cash reserves from operations or of acceptable financing terms and the variability of our stock price; ?\nour ability to integrate any acquired business operations, services, clients, and personnel; ?\nthe effect of our substantial leverage, which may limit the funds available to make acquisitions and invest in our business; ?\nchanges in, or the failure to comply with, government regulations, including privacy regulations; and ?\nother risks detailed elsewhere in this Risk Factors section and in our other filings with the Securities and Exchange Commission.\nWe are not under any obligation (and expressly disclaim any such obligation) to update or alter our forwardlooking statements, whether as a result of new information, future events or otherwise.\nYou should carefully consider the possibility that actual results may differ materially from our forward-looking statements.\nItem 1B.\nUnresolved Staff Comments.\nNone.\nItem 2.\nProperties.\nOur corporate headquarters are located in Jacksonville, Florida, in an owned facility.\nFNF occupies and pays us rent for approximately 86,000 square feet in this facility.\nWe lease office space as follows:"}
{"_id": "d8e92aeae", "title": "", "text": "The intrinsic value of a stock option is the amount by which the fair value of the underlying stock exceeds the exercise price of the option.\nThe total intrinsic value of options exercised was $70 million, $2 million and $5 million during the years ended December 31, 2010, 2009 and 2008, respectively."}
{"_id": "d816bda66", "title": "", "text": "Table 1: At December 31, 2016, 2015 and 2014, cumulative CVA reduced the derivative assets balance by $1.0 billion, $1.4 billion and $1.6 billion, cumulative FVA reduced the net derivatives balance by $296 million, $481 million and $497 million, and cumulative DVA reduced the derivative liabilities balance by $774 million, $750 million and $769 million, respectively\nNOTE 6 Securitizations and Other Variable Interest Entities The Corporation utilizes VIEs in the ordinary course of business to support its own and its customers’ financing and investing needs.\nThe Corporation routinely securitizes loans and debt securities using VIEs as a source of funding for the Corporation and as a means of transferring the economic risk of the loans or debt securities to third parties.\nThe assets are transferred into a trust or other securitization vehicle such that the assets are legally isolated from the creditors of the Corporation and are not available to satisfy its obligations.\nThese assets can only be used to settle obligations of the trust or other securitization vehicle.\nThe Corporation also administers, structures or invests in other VIEs including CDOs, investment vehicles and other entities.\nFor more information on the Corporation’s utilization of VIEs, see Note 1 – Summary of Significant Accounting Principles.\nThe tables in this Note present the assets and liabilities of consolidated and unconsolidated VIEs at December 31, 2016 and 2015, in situations where the Corporation has continuing involvement with transferred assets or if the Corporation otherwise has a variable interest in the VIE.\nThe tables also present the Corporation’s maximum loss exposure at December 31, 2016 and 2015, resulting from its involvement with consolidated VIEs and unconsolidated VIEs in which the Corporation holds a variable interest.\nThe Corporation’s maximum loss exposure is based on the unlikely event that all of the assets in the VIEs become worthless and incorporates not only potential losses associated with assets recorded on the Consolidated Balance Sheet but also potential losses associated with off-balance sheet commitments, such as unfunded liquidity commitments and other contractual arrangements.\nThe Corporation’s maximum loss exposure does not include losses previously recognized through write-downs of assets.\nAs a result of new accounting guidance, which was effective on January 1, 2016, the Corporation identified certain limited partnerships and similar entities that are now considered to be VIEs and are included in the unconsolidated VIE tables in this Note at December 31, 2016.\nThe Corporation had a maximum loss exposure of $6.1 billion related to these VIEs, which had total assets of $16.7 billion.\nThe Corporation invests in ABS issued by third-party VIEs with which it has no other form of involvement and enters into certain commercial lending arrangements that may also incorporate the use of VIEs to hold collateral.\nThese securities and loans are included in Note 3 – Securities or Note 4 – Outstanding Loans and Leases.\nIn addition, the Corporation uses VIEs such as trust preferred securities trusts in connection with its funding activities.\nFor additional information, see Note 11 – Long-term Debt.\nThe Corporation uses VIEs, such as common trust funds managed within Global Wealth & Investment Management (GWIM), to provide investment opportunities for clients.\nThese VIEs, which are generally not consolidated by the Corporation, as applicable, are not included in the tables in this Note.\nExcept as described below, the Corporation did not provide financial support to consolidated or unconsolidated VIEs during 2016 or 2015 that it was not previously contractually required to provide, nor does it intend to do so."}
{"_id": "d80f1990e", "title": "", "text": "| (Dollars in millions, except per share information; shares in thousands) 2004 2003 2002 | Earnings per common share | Net income | Preferred stock dividends | Net income available to common shareholders | Average common shares issued and outstanding | Earnings per common share | Diluted earnings per common share | Net income available to common shareholders | Convertible preferred stock dividends | Net income available to common shareholders and assumed conversions | Average common shares issued and outstanding | Dilutive potential common shares-1, 2 | Total diluted average common shares issued and outstanding | Diluted earnings per common share |"}
{"_id": "d837becce", "title": "", "text": "| Year Ended May 31, 2009 | Goodwill | Trademark | Other long-lived assets | Total | As of December 31, | 2017 | Consolidated Balance Sheet Data | Cash and cash equivalents | Margin deposits, guaranty funds and delivery contracts receivable-2 | Total current assets | Goodwill and other intangible assets, net-1 | Total assets | Margin deposits, guaranty funds and delivery contracts payable-2 | Total current liabilities | Short-term and long-term debt-1 | Equity-1 | Payments Due by Period | Total | Contractual Obligations: | Short-term and long-term debt and interest | Operating lease obligations | Purchase obligations | Total contractual cash obligations |"}
{"_id": "d89b8a406", "title": "", "text": "During fiscal 2012 we generated $1.2 billion in cash from operations.\nWe also received $349 million in cash from net sales of investments and $164 million from the issuance of common stock under employee stock plans.\nDuring the same period we used $900 million in cash for the repurchase of shares of our common stock under our stock repurchase programs, $500 million to repay senior notes that became due in March 2012, $392 million for the acquisition of businesses (primarily Demandforce), $178 million for the payment of cash dividends, and $186 million for capital expenditures."}
{"_id": "d897747c2", "title": "", "text": "CRITICAL ACCOUNTING POLICIES AND ESTIMATES The preparation of our consolidated financial statements in accordance with GAAP requires us to make estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements, the reported amounts of revenues and expenses during the reporting periods and the related disclosures in the consolidated financial statements and accompanying footnotes.\nWe believe that of our significant accounting policies, which are described in Note 2: Basis of Presentation and Summary of Significant Accounting Policies in our consolidated financial statements, the following accounting policies are critical because they involve a higher degree of judgment, and the estimates required to be made were based on assumptions that are inherently uncertain.\nAs a result, these accounting policies could materially affect our financial position, results of operations, cash flows and related disclosures.\nOn an ongoing basis, we evaluate these estimates and judgments based on historical experiences and various other factors that are believed to reflect the current circumstances.\nWhile we believe our estimates, assumptions and judgments are reasonable, they are based on information presently available.\nActual results may differ significantly from these estimates due to changes in judgments, assumptions and conditions as a result of unforeseen events or otherwise, which could have a material effect on our financial position or results of operations.\nManagement has discussed the development and selection of the following critical accounting policies and estimates with the audit committee of the board of directors."}
{"_id": "d848457a0", "title": "", "text": "eBay Inc.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) Employee Savings Plans We have a savings plan, which qualifies under Section 401(k) of the Internal Revenue Code.\nParticipating employees may contribute up to 25% of their annual salary, but not more than statutory limits.\nIn 2005 and 2006, we contributed one dollar for each dollar a participant contributed, with a maximum contribution of $1,500 per employee.\nIn 2007, we contributed one dollar for each dollar a participant contributed, with a maximum contribution of $2,000 per employee.\nOur non-U.\nS.  employees are covered by various other savings plans.\nOur expenses for these plans were $8.6 million in 2005, $14.9 million in 2006 and $20.4 million in 2007.\nDeferred Stock Unit Plan We have a deferred stock unit plan under which deferred stock units have to date, been granted non-employee directors elected to our Board of Directors after December 31, 2002.\nUnder this plan, each new director receives a one-time grant of deferred stock units equal to the result of dividing $150,000 by the fair market value of our common stock on the date of grant.\nEach deferred stock unit constitutes an unfunded and unsecured promise by us to deliver one share of our common stock (or the equivalent value thereof in cash or property at our election).\nEach deferred stock unit award granted to a new non-employee director upon election to the Board vests 25% one year from the date of grant, and at a rate of 2.08% per month thereafter.\nIf the services of the director are terminated at any time, all rights to the unvested deferred stock units shall also terminate.\nIn addition, directors may elect to receive, in lieu of annual retainer and committee chair fees and at the time these fees would otherwise be payable (i. e. , on a quarterly basis in arrears for services provided), fully vested deferred stock units with an initial value equal to the amount based on the fair market value of common stock at the date of grant.\nDeferred stock units are payable following the termination of a director’s tenure as a director.\nAll eBay officers, directors and employees are eligible to receive awards under the plan, although, to date, awards have been made only to new non-employee directors.\nAs of December 31, 2007, 47,481 units have been awarded under this plan.\nValuation Assumptions We calculated the fair value of each option award on the date of grant using the Black-Scholes option pricing model.\nThe following weighted-average assumptions were used for each respective period:"}
{"_id": "d8738a2bc", "title": "", "text": "| (In millions) 2010 2009 2008 | VESP and other charges(a) | Other unallocated Corporate income (expense), net: | FAS/CAS pension adjustment: | FAS pension expense | Less: CAS expense | FAS/CAS pension adjustment – income (expense) | Other items not considered in segment operating performance | Stock compensation expense | Other, net | Total other unallocated Corporate income (expense), net | $-979 |"}
{"_id": "d8a27a7de", "title": "", "text": "| (in millions) December 31, 2016 December 31, 2015 | Cash and cash equivalents-1 | Cash and cash equivalents held by consolidated VREs-2 | Subtotal | Credit facility — undrawn | Total liquidity resources-3 |"}
{"_id": "d8b012860", "title": "", "text": "payments on the loans to our consolidated special purpose entity, after which we transfer our beneficial interest in Trusts and the loans to 8 securitization trust.\nThe securitization trust meets the definition of a QSPE and is therefore not consolidated.\nThe securitization trust issues bonds, which are supported by the cash flows from the pooled loans, to third-party investors.\nWe retain an interest in the loans in the form of a trading residual interest and, therefore, usually assume the first risk of loss for credit losses in the loan pool.\nAs the cash flows of the underlying loans and market conditions change, the value of our trading residual interests may also change, resulting in potential write-ups or impairment of these residual interests.\nAt the settlement of each securitization, we record cash received and our residual interests.\nAdditionally, we reverse the beneficial interest in Trusts.\nThe resulting residual interests are classified as trading securities.\nSee Item 8, note 1 to our consolidated financial statements for our methodology used in valuing our residual interests.\nTo accelerate the cash receipts from our residual interests, we securitize the majority of our trading residual interests in net interest margin (NIM) transactions.\nIn a NIM transaction, the trading residual interests are transferred to another QSPE (NIM trust), which then issues bonds to third-party investors.\nThe proceeds from the bonds are returned to us as payment for the trading residual interests.\nThe bonds are secured by these pooled residual interests and are obligations of the NIM trust.\nWe retain a subordinated interest in the NIM trust, and receive cash flows on our residual interest generally after the NIM bonds issued to the thirdparty investors are paid in full.\nAt the settlement of each NIM transaction, we remove the trading residual interests sold from our consolidated balance sheet and record the cash received and the new residual interest retained.\nThese new residual interests are classified as available-for sale securities.\nAvailable-for-sale residual interests retained from NIM securitizations may also be sold in a subsequent securitization or sale transaction.\nIn connection with the sale of mortgage loans, we provide certain representations and warranties allowing the purchaser the option of returning the purchased loans to us under certain conditions.\nWe may recognize losses as a result of the repurchase of loans under these arrangements.\nWe maintain reserves for the repurchase of loans based on historical trends.\nSee Item 8， note 16 to our consolidated financial statements.\nLoans totaling $7.8 billion and $6.7 billion were held by the Trusts as of April 30, 2006 and 2005, respectively, and were not recorded on our consolidated balance sheets.\nIn August 2005, the Financial Accounting Standards Board (FASB) issued an exposure draft which amends Statement of Financial Accounting Standards No.140, “Accounting for Transfers and Servicing of Financial Assets and Extinguishments of Liabilities. \nThis exposure draft seeks to clarify the derecognition requirements for financial assets and the initial measurement of interests related to transferred financial assets that are held by a .  transferor.\nOur current off-balance sheet warehouse facilities (the Trusts) in our Mortgage Services segment would be required to be consolidated in our financial statements based on the provisions of the exposure draft.\nWe wil continue to monitor the status of the exposure draft.\nThe final standard for this exposure draft is scheduled to be issued in the first quarter of calendar year 2007."}
{"_id": "d8e01a792", "title": "", "text": "| (in millions) 2007 2006 | AIG’s total borrowings | Less: | Junior subordinated debt | Liabilities connected to trust preferred stock | MIP matched notes and bonds payable | Series AIGFP matched notes and bonds payable | AIGFP | GIAs | Notes and bonds payable | Loans and mortgages payable | Hybrid financial instrument liabilities* | Borrowings not guaranteed by AIG | AIG’s net borrowings |"}
{"_id": "d8f62a00a", "title": "", "text": "Retirement Benefits The Company sponsors defined benefit and defined contribution pension plans for eligible employees.\nThe defined benefit plans provide benefits for participating employees based on years of service and average compensation for a specified period of time before retirement.\nThe Company uses a December 31 measurement date for all of its defined benefit plans.\nIn addition, the Company provides certain postemployment benefits to its employees.\nThese benefits include disability-related and workers' compensation benefits for certain employees.\nThe Company accrues for the cost of such benefit expenses once an appropriate triggering event has occurred."}
{"_id": "d82d8f082", "title": "", "text": "| Level 3 | Balance as of January 1, 2017 | Actual return on assets | Purchases, issuances and settlements, net | Balance as of December 31, 2017 |"}
{"_id": "d8f72f194", "title": "", "text": "Significant Customers Centene receives the majority of its revenues under contracts or subcontracts with state Medicaid managed care programs.\nThe contracts, which expire on various dates between June 30, 2007 and December 31, 2011, are expected to be renewed.\nContracts with the states of Georgia, Indiana, Kansas, Texas and Wisconsin each accounted for 15%, 15%, 10%, 17% and 16%, respectively, of the Companys revenues for the year ended December 31, 2006.\nReinsurance Centene has purchased reinsurance from third parties to cover eligible healthcare services.\nThe current reinsurance program covers 90% of inpatient healthcare expenses in excess of annual deductibles of $300 to $500 per member, up to an annual maximum of $2,000.\nCentenes Medicaid Managed Care subsidiaries are responsible for inpatient charges in excess of an average daily per diem.\nIn addition, Bridgeway participates in a risk-sharing program as part of its contract with the State of Arizona for the reimbursement of certain contract service costs beyond a monetary threshold.\nReinsurance recoveries were $3,674, $4,014, and $3,730, in 2006, 2005, and 2004, respectively.\nReinsurance expenses were approximately $4,842, $4,105, and $6,724 in 2006, 2005, and 2004, respectively.\nReinsurance recoveries, net of expenses, are included in medical costs."}
{"_id": "d86400e4a", "title": "", "text": "| Year ended December 31 (in millions) 2015 2014 2013 | Interest expense | Investment income (loss), net | Equity in net income (losses) of investees, net | Other income (expense), net | Total |"}
{"_id": "d8cc84af2", "title": "", "text": "Printing Papers Demand for Printing Papers products is closely correlated with changes in commercial printing and advertising activity, direct mail volumes and, for uncoated cut-size products, with changes in whitecollar employment levels that affect the usage of copy and laser printer paper.\nPrincipal cost drivers include manufacturing efficiency, raw material and energy costs and freight costs.\nMetLife, Inc.  Notes to the Consolidated Financial Statements  (Continued) Set forth in the tables below is certain financial information with respect to the Companys segments, as well as Corporate & Other, for the years ended December 31, 2008, 2007 and 2006.\nThe accounting policies of the segments are the same as those of the Company, except for the method of capital allocation and the accounting for gains (losses) from intercompany sales, which are eliminated in consolidation.\nThe Company allocates equity to each segment based upon the economic capital model that allows the Company to effectively manage its capital.\nThe Company evaluates the performance of each segment based upon net income excluding net investment gains (losses), net of income tax, adjustments related to net investment gains (losses), net of income tax, the impact from the cumulative effect of changes in accounting, net of income tax and discontinued operations, other than discontinued real estate, net of income tax, less preferred stock dividends.\nThe Company allocates certain non-recurring items, such as expenses associated with certain legal proceedings, to Corporate & Other."}
{"_id": "d8e1087a8", "title": "", "text": "| Percent Change | For the years ended December 31, | In millions of dollars except per share amounts | Net Sales | Cost of Sales | Gross Profit | Gross Margin | SM&A Expense | SM&A Expense as a percent of net sales | Goodwill, Indefinite and Long-Lived Asset Impairment Charges | Business Realignment Costs | Operating Profit | Operating Profit Margin | Interest Expense, Net | Other (Income) Expense, Net | Provision for Income Taxes | Effective Income Tax Rate | Net Income Including Noncontrolling Interest | Less: Net Loss Attributable to Noncontrolling Interest | Net Income Attributable to The Hershey Company | Net Income Per Share—Diluted |"}
{"_id": "d8d3a9c9c", "title": "", "text": "Liquidity and Capital Resources Our primary liquidity needs are to support working capital requirements, fund capital expenditures and service indebtedness, as well as to finance acquisitions, repurchase shares of our common stock and pay dividends to stockholders, as deemed appropriate.\nOur principal sources of liquidity are cash on hand, cash flows from operating activities, availability under our credit facility and debt issuances in the capital markets.\nOur operating income is generated by our subsidiaries.\nThere are no restrictions on the ability of our subsidiaries to pay dividends or make other distributions to Fortune Brands.\nIn December 2017, our Board of Directors increased the quarterly cash dividend by 11% to $0.20 per share of our common stock.\nOur Board of Directors will continue to evaluate dividend payment opportunities on a quarterly basis.\nThere can be no assurance as to when and if future dividends will be paid, and at what level, because the payment of dividends is dependent on our financial condition, results of operations, cash flows, capital requirements and other factors deemed relevant by our Board of Directors.\nWe periodically review our portfolio of brands and evaluate potential strategic transactions to increase shareholder value.\nHowever, we cannot predict whether or when we may enter into acquisitions, joint ventures or dispositions, make any purchases of shares of our common stock under our share repurchase program, or pay dividends, or what impact any such transactions could have on our results of operations, cash flows or financial condition, whether as a result of the issuance of debt or equity securities, or otherwise.\nOur cash flows from operations, borrowing availability and overall liquidity are subject to certain risks and uncertainties, including those described in the section Item 1A.\nRisk Factors.\n In June 2016, the Company amended and restated its credit agreement to combine and rollover the existing revolving credit facility and term loan into a new standalone $1.25 billion revolving credit facility.\nThis amendment and restatement of the credit agreement was a non-cash transaction for the Company.\nTerms and conditions of the credit agreement, including the total commitment amount, essentially remained the same as under the 2011 credit agreement.\nThe revolving credit facility will mature in June 2021 and borrowings thereunder will be used for general corporate purposes.\nOn December 31, 2017 and December 31, 2016, our outstanding borrowings under these facilities were $615.0 million and $540.0 million, respectively.\nAt December 31, 2017 and December 31, 2016, the current portion of longterm debt was zero.\nInterest rates under the facility are variable based on LIBOR at the time of the"}
{"_id": "d8e95de58", "title": "", "text": "Mortgage Loan Credit Quality - Monitoring Process.\nWe monitor our mortgage loan investments on an ongoing basis, including reviewing loans that are current, past due, restructured and under foreclosure.\nSee Note 8 of the Notes to the Consolidated Financial Statements for tables that present mortgage loans by credit quality indicator, past due and nonaccrual mortgage loans, as well as impaired mortgage loans.\nSee “— Real Estate and Real Estate Joint Ventures” for real estate acquired through foreclosure.\nCommercial and Agricultural Mortgage Loans.\nWe review our commercial mortgage loans on an ongoing basis.\nThese reviews may include an analysis of the property financial statements and rent roll, lease rollover analysis, property inspections, market analysis, estimated valuations of the underlying collateral, loan-to-value ratios, debt service coverage ratios, and tenant creditworthiness.\nThe monitoring process focuses on higher risk loans, which include those that are classified as restructured, delinquent or in foreclosure, as well as loans with higher loan-to-value ratios and lower debt service coverage ratios.\nThe monitoring process for agricultural mortgage loans is generally similar, with a focus on higher risk loans, such as loans with higher loan-to-value ratios, including reviews on a geographic and sector basis.\nLoan-to-value ratios and debt service coverage ratios are common measures in the assessment of the quality of commercial mortgage loans.\nLoan-to-value ratios are a common measure in the assessment of the quality of agricultural mortgage loans.\nLoan-to-value ratios compare the amount of the loan to the estimated fair value of the underlying collateral.\nA loan-to-value ratio greater than 100% indicates that the loan amount is greater than the collateral value.\nA loan-to-value ratio of less than 100% indicates an excess of collateral value over the loan amount.\nGenerally, the higher the loan-to-value ratio, the higher the risk of experiencing a credit loss.\nThe debt service coverage ratio compares a property’s net operating"}
{"_id": "d8ad8a3ea", "title": "", "text": "The following table presents changes in the estimated fair value related to embedded derivatives:"}
{"_id": "d8888e17c", "title": "", "text": "| 2017 2016 2015 2014 | $1,633 |"}
{"_id": "d8e0084de", "title": "", "text": "| (Dollars in millions) 2008 2007 | Personnel | Occupancy | Equipment | Marketing | Professional fees | Amortization of intangibles | Data processing | Telecommunications | Other general operating | Merger and restructuring charges | Total noninterest expense |"}
{"_id": "d8de64e8e", "title": "", "text": "| Jurisdiction As of December 2018 | U.S. Federal | New York State and City | United Kingdom | Japan | Hong Kong |"}
{"_id": "d86a58cde", "title": "", "text": "| Fiscal Year Ended October 31,-1(2) | 2011 | (in thousands, except per share data) | Revenue | Income before provisions for income taxes-3 | (Benefit) provision for income taxes(4) | Net income | Net income per share: | Basic | Diluted | Working capital | Total assets | Stockholders’ equity-5 |"}
{"_id": "d8f2c16f2", "title": "", "text": "| Amount | 2019 | 2020 | 2021 | 2022 | 2023 | Thereafter |"}
{"_id": "d8733fffa", "title": "", "text": "| Year ended December 31,(in millions) 2012 2011 2010 | Realized gains | Realized losses | Net realized gains(a) | OTTI losses | Credit-related(b) | Securities the Firm intends to sell(c) | Total OTTI losses recognized in income | Net securities gains |"}
{"_id": "d8af4c246", "title": "", "text": "| 2013 2012 2011 | (In millions) | Gross amounts of unrecognized tax benefits as of the beginning of the period | Increases related to prior period tax positions | Decreases related to prior period tax positions | Increases related to current period tax positions | Settlements | Gross amounts of unrecognized tax benefits as of the end of the period |"}
{"_id": "d816429a6", "title": "", "text": "| ($ in millions) 2004 2003 2002 | Income Statement Summary | Sales | Pre-tax income on operations | Tax provision | Income on operations, net of tax | Pre-tax gain (loss) on disposal | Tax (provision) benefit | Gain (loss) on disposal, net of tax | Balance Sheet Summary | Property, plant and equipment | Goodwill | Other assets | Liabilities |"}
{"_id": "d8ced75fc", "title": "", "text": "| As of December 31, 2009 | Deferred Amount (in millions) | Segment: | International Insurance | Asset Management | Corporate and Other | Total deferred gain (loss) |"}
{"_id": "d8d010900", "title": "", "text": "| Year Ended December 31, | (in thousands) | Net customer additions (losses) | Branded postpaid phone customers | Branded postpaid mobile broadband customers | Total branded postpaid customers | Branded prepaid customers | Total branded customers | M2M customers | MVNO customers | Total wholesale customers | Total net customer additions | Acquired customers |"}
{"_id": "d8e02c992", "title": "", "text": "| For the Years Ended December 31, | 2012 | (in thousands) | Maintenance services and supplies |"}
{"_id": "d8a510a02", "title": "", "text": "MANAGEMENT’S DISCUSSION AND ANALYSISOF FINANCIAL CONDITION AND RESULTS OF OPERATIONS In 2008, ASP was flat compared to 2007.\nBy comparison, ASP decreased approximately 9% in 2007 anddecreased approximately 11% in 2006.\nThe segment has several large customers located throughout the world.\nIn 2008, aggregate net sales to thesegment’s five largest customers accounted for approximately 41% of the segment’s net sales.\nBesides sellingdirectly to carriers and operators, the segment also sells products through a variety of third-party distributors andretailers, which accounted for approximately 24% of the segment’s net sales in 2008.\nAlthough the U. S.  market continued to be the segment’s largest individual market, many of our customers,and 56% of the segment’s 2008 net sales, were outside the U. S.  In 2008, the largest of these internationalmarkets were Brazil, China and Mexico.\nAs the segment’s revenue transactions are largely denominated in local currencies, we are impacted by theweakening in the value of these local currencies against the U. S.  dollar.\nA number of our more significantinternational markets, particularly in Latin America, were impacted by this trend in late 2008.\nHome and Networks Mobility SegmentThe Home and Networks Mobility segment designs, manufactures, sells, installs and services: (i) digitalvideo, Internet Protocol video and broadcast network interactive set-tops, end-to-end video distribution systems,broadband access infrastructure platforms, and associated data and voice customer premise equipment to cabletelevision and telecom service providers (collectively, referred to as the ‘‘home business’’), and (ii) wireless accesssystems, including cellular infrastructure systems and wireless broadband systems, to wireless service providers(collectively, referred to as the ‘‘network business’’).\nIn 2009, the segment’s net sales represented 36% of theCompany’s consolidated net sales, compared to 33% in 2008 and 27% in 2007."}
{"_id": "d8dde1eb2", "title": "", "text": "| Balance as of January 1, 2007 $— | Additions to tax positions related to the current year | Balance as of December 31, 2007 |"}
{"_id": "d892ba060", "title": "", "text": "2016 compared to 2015 The $196 million increase in selling, general and administrative expenses in 2016 included a constant currency increase of $215 million, or 26.4%, partially offset by a positive impact of approximately $19 million from the effects of foreign currency fluctuations.\nThe constant currency growth was comprised of a $151 million increase in Commercial Solutions, which includes $158 million from the merger with IMS Health, partially offset by a decline in the legacy service offerings, a $32 million increase in Research & Development Solutions, which includes the incremental impact from the businesses that Quest contributed to Q2 Solutions, a $3 million increase in Integrated Engagement Services, and a $29 million increase in general corporate and unallocated expenses, which includes $37 million from the merger with IMS Health.\nThe constant currency increase in general corporate and unallocated expenses in 2016 was primarily due to higher stock-based compensation expense.2015 compared to 2014 The $34 million increase in selling, general and administrative expenses in 2015 included a constant currency increase of $74 million, or 9.5%, partially offset by a positive impact of approximately $42 million from the effects of foreign currency fluctuations.\nThe constant currency growth was comprised of a $14 million increase in Commercial Solutions, which included the impact from the Encore acquisition which closed in July 2014, a $40 million increase in Research & Development Solutions, which included the incremental impact from the businesses that Quest contributed to Q2 Solutions, a $4 million increase in Integrated Engagement Services, and a $14 million increase in general corporate and unallocated expenses.\nThe constant currency increase in general corporate and unallocated expenses in 2015 was primarily due to higher stock-based compensation expense and costs associated with the Q2 Solutions transaction."}
{"_id": "d8836be7e", "title": "", "text": "| 2013 2012 2011 | Expected volatility | Risk-free interest rate | Dividend yield | Expected life (in years) | Contractual life (in years) |"}
{"_id": "d88a93256", "title": "", "text": "OUTLOOK Ameren seeks to earn competitive returns on its investments in its businesses.\nAmeren Missouri and Ameren Illinois are seeking to improve their regulatory frameworks and cost recovery mechanisms.\nAt the same time, Ameren’s rate-regulated businesses are pursuing constructive regulatory outcomes within existing frameworks and are seeking to align their overall spending, both operating and capital, with economic conditions and cash flows provided by their regulators.\nConsequently, Ameren’s rate-regulated businesses expect to narrow the historic gap between allowed and earned returns on equity.\nAmeren’s Merchant Generation segment maintains a fleet of competitive coal-fired and natural gas generating assets.\nAmeren’s merchant generation strategy is to position itself as a low-cost provider and to benefit from an expected future recovery of power prices.\nAmeren intends to allocate its capital resources to those business opportunities, including electric and natural gas transmission, that offer the most attractive risk-adjusted return potential.\nBelow are some key trends, events, and uncertainties that are reasonably likely to affect the Ameren Companies’ financial condition, results of operations, or liquidity as well as their ability to achieve strategic and financial objectives for 2012 and beyond.\nRate-Regulated Operations ‰ Ameren’s strategy for earning competitive returns on its rate-regulated investments involves meeting customer energy needs in an efficient fashion, working to enhance regulatory frameworks, making timely and well-supported rate filings, and aligning overall spending with those rate case outcomes, economic conditions and return opportunities.\n‰ The IEIMA, enacted late in 2011, provides for a performance-based formula ratemaking framework for electric delivery utilities in Illinois.\nOn January 3, 2012, Ameren Illinois elected to participate in this regulatory framework by making its initial performance-based formula rate filing with the ICC.\nWe believe that our"}
{"_id": "d8f36ba76", "title": "", "text": "| December 31, 2008 December 31, 2007 | Carrying amount | ($ in millions) | Fixed maturity securities — Public | Equity securities | Mortgage loans — Residential | Real estate | Policy loans | Other investments | Total invested assets | Cash and cash equivalents | Total invested assets and cash |"}
{"_id": "d87a4d130", "title": "", "text": "sale of properties with a net book value of $66 million, for cash proceeds of $210 million, resulting in a gain, net of direct selling costs, of $142 million.\nIn fiscal 2018 and 2017, our continuing involvement with properties subject to a sale-leaseback arrangement entered into in fiscal 2016 ended, and as a result we recorded non-cash sales of properties, extinguished the associated financing obligations and recognized gains of $76 million and $10 million, respectively.\nOther Income, Net (in millions, except percentages) The components of other income, net were as follows:"}
{"_id": "d8e91ec12", "title": "", "text": "| For the Years Ended December 31, | (Millions of Dollars) | Operating revenues | Gas purchased for resale | Other operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Gas operating income | Thousands of Dt Delivered | For the Years Ended | Description | Residential | General | Firm transportation | Total firm sales and transportation | Interruptible sales (c) | NYPA | Generation plants | Other | Other operating revenues (d) | Total |"}
{"_id": "d8cf4755a", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements In connection with the firm’s prime brokerage and clearing businesses, the firm agrees to clear and settle on behalf of its clients the transactions entered into by them with other brokerage firms.\nThe firm’s obligations in respect of such transactions are secured by the assets in the client’s account as well as any proceeds received from the transactions cleared and settled by the firm on behalf of the client.\nIn connection with joint venture investments, the firm may issue loan guarantees under which it may be liable in the event of fraud, misappropriation, environmental liabilities and certain other matters involving the borrower.\nThe firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications.\nHowever, management believes that it is unlikely the firm will have to make any material payments under these arrangements, and no material liabilities related to these guarantees and indemnifications have been recognized in the consolidated statements of financial condition as of December 2016 and December 2015.\nOther Representations, Warranties and Indemnifications.\nThe firm provides representations and warranties to counterparties in connection with a variety of commercial transactions and occasionally indemnifies them against potential losses caused by the breach of those representations and warranties.\nThe firm may also provide indemnifications protecting against changes in or adverse application of certain U. S.  tax laws in connection with ordinary-course transactions such as securities issuances, borrowings or derivatives.\nIn addition, the firm may provide indemnifications to some counterparties to protect them in the event additional taxes are owed or payments are withheld, due either to a change in or an adverse application of certain non-U.\nS.  tax laws.\nThese indemnifications generally are standard contractual terms and are entered into in the ordinary course of business.\nGenerally, there are no stated or notional amounts included in these indemnifications, and the contingencies triggering the obligation to indemnify are not expected to occur.\nThe firm is unable to develop an estimate of the maximum payout under these guarantees and indemnifications.\nHowever, management believes that it is unlikely the firm will have to make any material payments under these arrangements, and no material liabilities related to these arrangements have been recognized in the consolidated statements of financial condition as of December 2016 and December 2015.\nGuarantees of Subsidiaries.\nGroup Inc.  fully and unconditionally guarantees the securities issued by GS Finance Corp. , a wholly-owned finance subsidiary of the firm.\nGroup Inc.  has guaranteed the payment obligations of Goldman, Sachs & Co.  (GS&Co. )\nand GS Bank USA, subject to certain exceptions.\nIn addition, Group Inc.  guarantees many of the obligations of its other consolidated subsidiaries on a transaction-by-transaction basis, as negotiated with counterparties.\nGroup Inc.  is unable to develop an estimate of the maximum payout under its subsidiary guarantees; however, because these guaranteed obligations are also obligations of consolidated subsidiaries, Group Inc. ’s liabilities as guarantor are not separately disclosed.\nNote 19.\nShareholders’ Equity Common Equity Dividends declared per common share were $2.60 in 2016, $2.55 in 2015 and $2.25 in 2014.\nOn January 17, 2017, Group Inc.  declared a dividend of $0.65 per common share to be paid on March 30, 2017 to common shareholders of record on March 2, 2017.\nThe firm’s share repurchase program is intended to help maintain the appropriate level of common equity.\nThe share repurchase program is effected primarily through regular open-market purchases (which may include repurchase plans designed to comply with Rule 10b5-1), the amounts and timing of which are determined primarily by the firm’s current and projected capital position, but which may also be influenced by general market conditions and the prevailing price and trading volumes of the firm’s common stock.\nPrior to repurchasing common stock, the firm must receive confirmation that the Federal Reserve Board does not object to such capital actions.\nThe table below presents the amount of common stock repurchased by the firm under the share repurchase program."}
{"_id": "d893095de", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | Deferred tax liabilities: | Property basis differences | Unrecognized pension and other postretirement costs | Regulatory asset – future income tax | Environmental remediation costs | Deferred storm costs | Equity investmentsOther regulatory assets | Unamortized investment tax credits | Total deferred tax liabilities and investment tax credits | Deferred tax assets: | Accrued pension and other postretirement costsRegulatory liabilities | Superfund and other environmental costs | Asset retirement obligations | Loss carryforwards | Loss carryforwards, valuation reserve | Other | Total deferred tax assets | Net deferred tax liabilities and investment tax credits | Deferred income taxes and investment tax credits – noncurrent | Deferred tax assets – current | Net deferred tax liabilities and investment tax credits |"}
{"_id": "d831eae7e", "title": "", "text": "| Rating equivalent 2016 2015(a) | December 31,(in millions, except ratios) | AAA/Aaa to AA-/Aa3 | A+/A1 to A-/A3 | BBB+/Baa1 to BBB-/Baa3 | BB+/Ba1 to B-/B3 | CCC+/Caa1 and below | Total |"}
{"_id": "d8889dd48", "title": "", "text": "MARATHON OIL CORPORATION Notes to Consolidated Financial Statements Testing goodwill for impairment is a two step process.\nThe first step of the goodwill impairment test, used to identify potential impairment, compares the fair value of a reporting unit with its carrying amount, including goodwill.\nIf the fair value of a reporting unit exceeds its carrying amount, goodwill of the reporting unit is not considered to be impaired, thus the second step of the impairment test is unnecessary.\nIf the carrying amount of a reporting unit exceeds its fair value, the second step of the goodwill impairment test is performed to measure the amount of impairment, if any.\nOur fourth quarter 2008 fair value estimate for the OSM reporting unit was less than the carrying amount.\nThe second step of the goodwill impairment test, used to measure the amount of impairment loss, compares the implied fair value of reporting unit goodwill with the carrying amount of that goodwill.\nThe implied fair value of goodwill shall be determined in the same manner as the amount of goodwill recognized in a business combination.\nThis requires a hypothetical purchase price to be established as if the fair value of the reporting unit was the current price paid to acquire the reporting unit.\nTo determine what the implied fair value of the recorded goodwill would be, the fair value for that reporting unit is hypothetically allocated to all assets and liabilities within that reporting unit.\nIf the carrying amount of reporting unit goodwill exceeds the implied fair value of that goodwill, an impairment loss is required to be recognized in an amount equal to that excess.\nThe second step in the goodwill impairment process indicated there was no remaining implied fair value of goodwill as of December 31, 2008, for the OSM reporting unit.\nThis was largely due to the recent disruption in the credit and equity markets, which impacts discount rate assumptions, a change in the timing of expected production and the decline in commodity prices.\nAs a result, a $1,412 million impairment of goodwill for the OSM reporting unit was recorded and reported on a separate line of our consolidated statement of income for 2008.\nWhile the fair values of our other reporting units exceed the carrying value at the present time, should market conditions deteriorate or commodity prices decline, the goodwill of our other reporting units could require impairment.\nThe changes in the carrying amount of goodwill for the years ended December 31, 2009, and 2008, were as follows"}
{"_id": "d882cca2c", "title": "", "text": "| Payments due by period | Total | (In thousands) | Operating leases | Capital leases | Foreign currencyforward contract | $51,884 |"}
{"_id": "d8f921718", "title": "", "text": "Notes to the Consolidated Financial Statements costs related to these notes, which totaled $17 million, will be amortized to interest expense over the respective terms of the notes.\nIn August 2010, PPG entered into a three-year credit agreement with several banks and financial institutions (the \n2010 Credit Agreement) which was subsequently terminated in July 2012.\nThe 2010 Credit Agreement provided for a $1.2 billion unsecured revolving credit facility.\nIn connection with entering into the 2010 Credit Agreement, the Company Notes to the Consolidated Financial Statements costs related to these notes, which totaled $17 million, will be amortized to interest expense over the respective terms of the notes.\nIn August 2010, PPG entered into a three-year credit agreement with several banks and financial institutions (the \n2010 Credit Agreement) which was subsequently terminated in July 2012.\nThe 2010 Credit Agreement provided for a $1.2 billion unsecured revolving credit facility.\nIn connection with entering into the 2010 Credit Agreement, the Company terminated its ¬650 million and its $1 billion revolving credit facilities that were each set to expire in 2011.\nThere were no outstanding amounts due under either revolving facility at the times of their termination.\nThe 2010 Credit Agreement was set to terminate on August 5, 2013.\nPPG¡¯s non-U.\nS.  operations have uncommitted lines of credit totaling $705 million of which $34 million was used as of December 31, 2012.\nThese uncommitted lines of credit are subject to cancellation at any time and are generally not subject to any commitment fees.\nShort-term debt outstanding as of December 31, 2012 and 2011, was as follows:"}
{"_id": "d8f2c1940", "title": "", "text": "| (In millions) United States Europe Africa OtherInt’l ContinuingOperations DiscontinuedOperations Total | 2007 | Proved | Unproved | Exploration | Development(b) | Capitalized asset retirement costs(c) | Total | 2006 | Proved | Unproved | Exploration | Development(b) | Capitalized asset retirement costs(c) | Total | 2005 | Proved | Unproved | Exploration | Development(b) | Capitalized asset retirement costs(c) | Total |"}
{"_id": "d87097a6e", "title": "", "text": "CITICORP Citicorp is the company’s global bank for consumers and businesses and represents Citi’s core franchise.\nCiticorp is focused on providing best-in-class products and services to customers and leveraging Citigroup’s unparalleled global network.\nCiticorp is physically present in nearly 100 countries, many for over 100 years, and offers services in over 140 countries.\nCiti believes this global network provides a strong foundation for servicing the broad financial services needs of large multinational clients and for meeting the needs of retail, private banking and commercial customers around the world.\nCitigroup’s global footprint provides coverage of the world’s emerging economies, which the company believes represents a strong area of growth.\nAs discussed in the “Executive Summary,” Citicorp remained profitable in 2008 and 2009, despite very difficult market conditions.\nAt December 31, 2009, Citicorp had approximately $1.1 trillion of assets and $731billion of deposits, representing approximately 60% of Citi’s total assets and approximately 90% of its deposits.\nCiticorp consists of the following businesses: Regional Consumer Banking (which includes retail banking and Citi-branded cards in four regions—North America, EMEA, Latin America and Asia) and Institutional Clients Group (which includes Securities and Banking and Transaction Services)."}
{"_id": "d8901847e", "title": "", "text": "| 2018 2017 2016 | Initial health care trend rate | Ultimate trend rate | Year ultimate trend rate is reached | December 31, 2018 | (In millions) | U.S. | Cash and cash equivalents(a) | Equity securities: | Common stock | Private equity | Pooled funds | Fixed income securities: | Corporate | Government | Pooled funds | Other | Total investments, at fair value | Commingled funds(b) | Total investments |"}
{"_id": "d89f703e0", "title": "", "text": "| December 31 | (Dollars in millions) | Consumer | Residential mortgage-1 | Home equity | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer-2 | Other consumer-3 | Total consumer loans excluding loans accounted for under the fair value option | Consumer loans accounted for under the fair value option-4 | Total consumer | Commercial | U.S. commercial-5 | Commercial real estate-6 | Commercial lease financing | Non-U.S. commercial | Total commercial loans excluding loans accounted for under the fair value option | Commercial loans accounted for under the fair value option-4 | Total commercial | Total loans and leases |"}
{"_id": "d8de22458", "title": "", "text": "(i) Represents the difference between the contract amount and the cash flow in U. S.  dollars which would have been receivable had the foreign currency forward exchange contracts been entered into on December 31, 2015 at the forward exchange rates prevailing at that date.\nIncome earned within foreign subsidiaries outside of the United Kingdom is generally offset by expenses in the same local currency but the Company does have exposure to foreign exchange movements on the net income of these entities.\nInterest Rate Risk The Company has access to (i) $800 million under a revolving credit facility expiring July 23, 2018, (ii) $400 million under a revolving credit facility expiring April 28, 2017, with a repayment date of April 28, 2018, which will be available for regulatory capital purposes related to securities underwriting only, and (iii) $20 million available under another revolving credit facility which is only available for specific regulatory purposes.\nAs of December 31, 2016, $238 million was drawn on these facilities.\nWe are also subject to market risk from exposure to changes in interest rates based on our investing activities where our primary interest rate risk arises from changes in short-term interest rates in both U. S.  dollars and Pounds sterling.\nAs a result of our operating activities, we receive cash for premiums and claims which we deposit in short-term investments denominated in U. S.  dollars and other currencies.\nWe earn interest on these funds, which is included in our consolidated financial statements as interest income.\nThese funds are regulated in terms of access and the instruments in which they may be invested, most of which are short-term in maturity.\nDuring the year ended December 31, 2015, the Company, in order to manage interest rate risk arising from these financial assets, entered into interest rate swaps to receive a fixed rate of interest and pay a variable rate of interest.\nThe use of interest rate contracts essentially converted groups of short-term variable rate investments to fixed rates.\nThese derivatives were designated as hedging instruments and were for a total notional amount of $300 million.\nThe table below provides information about our derivative instruments and other financial instruments that are sensitive to changes in interest rates.\nFor interest rate swaps, the table presents notional principal amounts and average interest rates analyzed by expected maturity dates.\nNotional principal amounts are used to calculate the contractual payments to be exchanged under the contracts.\nThe duration of the interest rate swaps was three years, with re-fixing periods of three months.\nAverage fixed and variable rates are, respectively, the weighted-average actual and market rates for the interest rate hedges in place.\nMarket rates are the rates prevailing at December 31, 2016 or 2015, as appropriate.\nWe have evaluated the need for a sensitivity analysis, and based on the Company's debt, we believe this to be immaterial."}
{"_id": "d889d9d6a", "title": "", "text": "| (for the year ended December 31, in millions) 2010 2009 2008 % of Total 2010 | By product line: | Automobile | Homeowners and Other | Total Personal Insurance |"}
{"_id": "d8b6dda46", "title": "", "text": "| Years ended December 31, | Cash Flow Data | Net income, adjusted to reconcile net income to net cashprovided by operating activities1 | Net cash used in working capital ² | Changes in other non-current assets and liabilities using cash | Net cash provided by operating activities | Net cash used in investing activities | Net cash (used in) provided by financing activities |"}
{"_id": "d8ea98408", "title": "", "text": "Intangibles  Goodwill and Other: Testing Goodwill for Impairment In September 2011, an accounting standard update was issued that allows entities an option to first assess qualitative factors to determine whether it is necessary to perform the two-step quantitative goodwill impairment test.\nThis standard is effective for annual and interim goodwill impairment testing beginning January 1, 2012.\nThis standard will not have an impact on our financial condition, results of operations and cash flows.\nNOTE 2: Merger and Acquisitions Holly - Frontier Merger On February 21, 2011, we entered into a merger agreement providing for a merger of equals business combination between us and Frontier for purposes of creating a more diversified company having a broader geographic sales footprint, stronger financial position and to create a more efficient corporate overhead structure, while also realizing synergies and promoting accretion to earnings per share.\nThe legacy Frontier business operations consist of crude oil refining and the wholesale marketing of refined petroleum products produced at the El Dorado and Cheyenne Refineries and serve markets in the Rocky Mountain and Plains States regions of the United States.\nOn July 1, 2011, North Acquisition, Inc. , a direct wholly-owned subsidiary of Holly, merged with and into Frontier, with Frontier surviving as a wholly-owned subsidiary of Holly.\nConcurrent with the merger, we changed our name to HollyFrontier Corporation and changed the ticker symbol for our common stock traded on the New York Stock Exchange to HFC.\n Subsequent to the merger and following approval by the post-closing board of directors of HollyFrontier, Frontier merged with and into HollyFrontier, with HollyFrontier continuing as the surviving corporation.\nIn accordance with the merger agreement, we issued 102.8 million shares of HollyFrontier common stock in exchange for outstanding shares of Frontier common stock to former Frontier stockholders.\nEach outstanding share of Frontier common stock was converted into 0.4811 shares of HollyFrontier common stock with any fractional shares paid in cash.\nThe aggregate consideration paid in stock in connection with the merger was $3.7 billion.\nThis is based on our July 1, 2011 market closing price of $35.93 and includes a portion of the fair value of the outstanding equity-based awards assumed from Frontier that relates to pre-merger services.\nThe number of shares issued in connection with our merger with Frontier and the closing market price of our common stock at July 1, 2011 have been adjusted to reflect the two-for-one stock split on August 31, 2011.\nThe merger has been accounted for using the acquisition method of accounting with Holly being considered the acquirer of Frontier for accounting purposes.\nTherefore, the purchase price was allocated to the fair value of the acquired assets and assumed liabilities at the acquisition date, with the excess purchase price being recorded as goodwill.\nThe goodwill resulting from the merger is primarily due to the favorable location of the acquired refining facilities and the expected synergies to be gained from our combined business operations.\nGoodwill related to this merger is not deductible for income tax purposes.\nThe following table summarizes our fair value estimates of the Frontier assets and liabilities recognized upon our merger on July 1, 2011:"}
{"_id": "d8872d562", "title": "", "text": "| Years endedDecember 31, | 2011 | Southern California | Northern California | Seattle Metro | Number of Properties | 2011 | Property Revenues($ in thousands) | 2011/2010 Same-Properties: | Southern California | Northern California | Seattle Metro | Total 2011/2010 Same-Property revenues | 2011/2010 Non-Same Property Revenues -1 | Total property revenues | 2011 | Interest income | Gains on sales of marketable securities | Tax benefit - Taxable REIT Subsidiary | Other income | $17,139 |"}
{"_id": "d89e64708", "title": "", "text": "The following table provides a roll forward of the claims and benefits payable for the Company’s group term life, group disability, medical and property and warranty lines of business.\nThese are the Company’s product lines with the most significant short duration claims and benefits payable balances.\nMedical also includes business classified as long duration because the methodology used for setting claims and benefits payable is similar to that for short duration Medical.\nThe majority of the Company’s credit life and disability claims and benefits payable are ceded to reinsurers.\nThe Company’s net retained credit life and disability claims and benefits payable were $115,873 and $121,122 at December 31, 2005 and 2004, respectively"}
{"_id": "d894cfd46", "title": "", "text": "| December 31, 2006 December 31, 2005 | Type | (In millions) | Real estateheld-for-investment | Real estate joint venturesheld-for-investment | Foreclosed real estateheld-for-investment | 4,979 | Real estateheld-for-sale | Total real estate, real estate joint ventures and real estateheld-for-sale |"}
{"_id": "d8eaff504", "title": "", "text": "ASC Topic 260, ?Earnings Per Share?\n(?ASC Topic 260?)\nrequires companies with unvested participating securities to utilize a two-class method for the computation of net income attributable to Company per share.\nThe two-class method requires a portion of net income attributable to Company to be allocated to participating securities, which are unvested awards of share-based payments with non-forfeitable rights to receive dividends or dividend equivalents, if declared.\nNet income attributable to Company allocated to these participating securities was immaterial for the years ended December 31, 2011, 2010 and 2009 and therefore not excluded from Net income attributable to Company per share calculation.\nThe Company had stock options outstanding that were anti-dilutive totaling 3 million, 8 million, and 4 million at December 31, 2011, 2010 and 2009, respectively."}
{"_id": "d8200a88a", "title": "", "text": "Multi-Employer Pension Plans The Company participates in various multi-employer pension plans.\nMulti-employer pension plans are designed to cover employees from multiple employers and are typically established under collective bargaining agreements.\nThese plans allow multiple employers to pool their pension resources and realize efficiencies associated with the daily administration of the plan.\nMulti-employer plans are generally governed by a board of trustees composed of management and labor representatives and are funded through employer contributions.\nThe Company’s expense for multi-employer pension plans totaled $6 million, $35 million and $41 million in 2018, 2017 and 2016, respectively.\nThe decrease in 2018 was primarily driven by the refranchising of certain bottling territories in the United States during"}
{"_id": "d8e06a1c0", "title": "", "text": "| Year Ended December 31, 2010 | 2009 | Weighted average fair value of options granted | Weighted average risk-free interest rates | Weighted average expected option lives (in years) | Weighted average expected volatility | Weighted average expected dividend yield |"}
{"_id": "d8d6e5b22", "title": "", "text": "| Year Ended | September 30, 2007 | ($ in 000's) | Revenues | Securities Commissions and | Investment Banking Fees | Investment Advisory Fees | Interest Income | Trading Profits | Other | Total Revenues | Interest Expense | Net Revenues | Non-Interest Expense | Compensation Expense | Other Expense | Total Non-Interest Expense | Minority Interest | Pre-tax Earnings |"}
{"_id": "d8b308dda", "title": "", "text": "Income Taxes.\nThe company calculates its provision for federal, international and state income taxes based on current tax law.\nThe reported tax provision differs from the amounts currently receivable or payable because some income and expense items are recognized in different time periods for financial reporting purposes than for income tax purposes.\nGeneral Dynamics periodically assesses its liabilities and contingencies for all periods open to examination by tax authorities based on the latest available information.\nWhere it is not probable that the companys tax position will be sustained, the company records its best estimate of the resulting tax liability and interest in the Consolidated Financial Statements.\nCash and Equivalents and Investments in Debt and Equity Securities.\nGeneral Dynamics classifies its securities in accordance with Statement of Financial Accounting Standards (SFAS) No.115, Accounting for Certain Investments in Debt and Equity Securities.\nThe company considers securities with a maturity of three months or less to be cash equivalents.\nThe company adjusts all investments in debt and equity securities to fair value.\nFor trading securities, the adjustments are recognized in the Consolidated Statement of Earnings.\nAdjustments for available-for-sale securities are recognized as a component of accumulated other comprehensive income in the Consolidated Balance Sheet.\nThe company had available-for-sale investments of $79 at December 31, 2006, and $57 at December 31, 2005.\nThe company had no trading securities at the end of either period.\nThe contractual arrangements with some of the companys international customers require the company to maintain certain advance payments made by these customers and apply them only to the companys activities associated with these contracts.\nThese advances totaled approximately $190 as of December 31, 2006.\nAccounts Receivable and Contracts in Process.\nAccounts receivable are amounts billed and currently due from customers.\nContracts in process represent recoverable costs incurred and, where applicable, accrued profit related to long-term government contracts for which the customer has not yet been billed (unbilled receivables).\nInventories.\nInventories are stated at the lower of cost or net realizable value.\nCost for work-in-process inventories, which consist of aircraft components, is based on the estimated average unit cost of the units in a production lot, or specific identification.\nCost for raw materials inventories is based on the first-in, first-out method, or specific identification.\nThe company records pre-owned aircraft acquired in connection with the sale of new aircraft at the lower of the trade-in value or the estimated net realizable value, determined at the time of trade and based on estimated fair value.\nProperty, Plant and Equipment, Net.\nProperty, plant and equipment are carried at historical cost, net of accumulated depreciation and amortization.\nThe company depreciates most of its assets using the straight-line method and the remainder using accelerated methods.\nBuildings and improvements are depreciated over periods up to 50 years.\nMachinery and equipment are depreciated over periods up to 28 years.\nImpairment of Long-Lived Assets.\nThe company reviews long-lived assets, including intangible assets subject to amortization, for impairment whenever events or changes in circumstances indicate that the carrying amount of the asset may not be recoverable.\nImpairment losses, where identified, are determined as the excess of the carrying value over the estimated fair value of the long-lived asset.\nThe company assesses the recoverability of the carrying value of assets held for use based on a review of projected undiscounted cash flows.\nIf an asset is held for sale, the company reviews its estimated fair value less cost to sell.\nThe company reviews goodwill and indefinite-lived intangible assets for impairment annually by applying a fair-value-based test.\nThe company completed the required annual goodwill impairment test during the fourth quarter of 2006 and did not identify any impairment.\nEnvironmental Liabilities.\nThe company accrues environmental costs when it is probable that a liability has been incurred and the amount can be reasonably estimated.\nTo the extent the U. S.  government has agreed to pay the ongoing maintenance and monitoring costs at sites currently used to conduct the companys government contracting business, General Dynamics treats these costs as contract costs and recognizes the costs as paid."}
{"_id": "d8a3d474c", "title": "", "text": "| Expiration Date Total Capacity Outstanding Borrowings Unused Available Capacity | ($ in millions) | Long-term debt | Term loan facility | Senior notes | Revolving credit facility | $824.1 |"}
{"_id": "d82d2c842", "title": "", "text": "Non Duration-Managed.\nWe also have a block of participating general account pension business that passes most of the actual investment performance of the assets to the customer.\nThe investment strategy of this block is to maximize investment return to the customer on a ‘‘best efforts’’ basis, and there is little or no attempt to manage the duration of this portfolio since there is little or no interest rate risk.\nThe value of the assets in these portfolios was $5,234.0 million as of December 31, 2007.\nUsing the assumptions and data in effect as of December 31, 2007, we estimate that a 100 basis point immediate, parallel increase in interest rates decreases the net fair value of our portfolio by approximately $36.3 million."}
{"_id": "d85e0b4cc", "title": "", "text": "| 2004 2003 2002 | Weighted Average Allocation Date Fair Market Value of Common Stock | Dividend Yield | Weighted Average Expected Life (years) | Weighted Average Risk Free Interest Rate | Expected Volatility |"}
{"_id": "d85db9d48", "title": "", "text": "| December 31, | 2011 | (in millions) | Variable annuity variable sub-accounts | VUL insurance variable sub-accounts | Other insurance variable sub-accounts | Threadneedle investment liabilities | Total |"}
{"_id": "d8b82776c", "title": "", "text": "Item 1A.\nRisk Factors.\nM&T and its subsidiaries could be adversely impacted by various risks and uncertainties which are difficult to predict.\nAs a financial institution, the Company has significant exposure to market risk, including interest-rate risk, liquidity risk and credit risk, among others.\nAdverse experience with these or other risks could have a material impact on the Companys financial condition and results of operations, as well as on the value of the Companys financial instruments in general, and M&Ts common stock, in particular."}
{"_id": "d8d3e0f58", "title": "", "text": "| Hardboard Omniwood Woodruf | In thousands | December 31, 2006 | December 31, 2005 | December 31, 2004 |"}
{"_id": "d8d97be9a", "title": "", "text": "| (Amounts in thousands) 2008 2007 2006 | Net income applicable to common shares | Book to tax differences (unaudited): | Depreciation and amortization | Reversal of deferred tax liability | Straight-line rent adjustments | Stock options expense | Derivatives | Earnings of partially owned entities | Net gains on sale of real estate | Compensation deduction for units held in Rabbi Trust | Sears Canada dividend | Other, net | Estimated taxable income |"}
{"_id": "d8e79b6ba", "title": "", "text": "[3] Includes future minimum lease payments on operating lease agreements.\nSee Note 14 of Notes to Consolidated Financial Statements for additional discussion on lease commitments.\n[4] Includes contractual principal and interest payments.\nSee Note 12 of Notes to Consolidated Financial Statements for additional discussion of long-term debt obligations.\n[5] Includes $865 in commitments to purchase investments including approximately $604 of limited partnership and other alternative investments, $15 of private placements, and $246 of mortgage loans.\nOutstanding commitments under these limited partnerships and mortgage loans are included in payments due in less than 1 year since the timing of funding these commitments cannot be reliably estimated.\nThe remaining commitments to purchase investments primarily represent payables for securities purchased which are reflected on the Companys Consolidated Balance Sheets.\nAlso included in purchase obligations is $980 relating to contractual commitments to purchase various goods and services such as maintenance, human resources, and information technology in the normal course of business.\nPurchase obligations exclude contracts that are cancelable without penalty or contracts that do not specify minimum levels of goods or services to be purchased.\n[6] Includes cash collateral of $327 which the Company has accepted in connection with the Companys derivative instruments.\nSince the timing of the return of the collateral is uncertain, the return of the collateral has been included in the payments due in less than 1 year.\nAlso included in other long-term liabilities are net unrecognized tax benefits of $48, retained Japan fixed payout annuity liabilities of $886, and consumer notes of $74.\nConsumer notes include principal payments and contractual interest for fixed rate notes and interest based on current rates for floating rate notes."}
{"_id": "d8996d8a8", "title": "", "text": "| 2003 2004 2005 2006-2007 after 2007 | (In Millions) | Planned construction and | capital investment | Long-term debt maturities | Capital and operating lease payments -1 | Unconditional fuel and purchased | power obligations -2 | Nuclear fuel lease obligations -1(3) |"}
{"_id": "d8c7c04ee", "title": "", "text": "| for the fiscal years ended September 30, 2019 2018 2017 | Current expense | Federal | State | Non-U.S. | Deferred expense (benefit) | Total |"}
{"_id": "d8e3740fa", "title": "", "text": "| (Dollars in millions) 2001 2000 1999 Change 00-01 Adjusted Change 00-01-1 | Salaries and employee benefits | Information systems and communications | Transaction processing services | Occupancy | Other | Total operating expenses | Number of employees |"}
{"_id": "d89c28692", "title": "", "text": "| 2014 2013 2012 | Functional Verification, including Emulation Hardware | Digital IC Design and Signoff | Custom IC Design | System Interconnect and Analysis | IP | Total |"}
{"_id": "d861f419c", "title": "", "text": "| 2015 2014 | Land and buildings | Machinery, equipment and internal-use software | Leasehold improvements | Gross property, plant and equipment | Accumulated depreciation and amortization | Total property, plant and equipment, net |"}
{"_id": "d88423fc4", "title": "", "text": "Results of Operations Comparison of the year ended December 31, 2005 to the year ended December 31, 2004 Rental and other revenue.\nMOB rental revenue increased 35% to $126.9 million for the year ended December 31, 2005.\nThe increase in MOB rental revenue of $33.2 million primarily relates to the additive effect of our acquisitions in 2005 and 2004, which contributed $26.7 million to rental revenues year over year.\nTriple-net lease rental revenues increased 13% to $325.3 million for the year ended December 31, 2005.\nThe increase in triple-net lease rental revenue of $37.7 million primarily relates to the additive effect of our acquisitions in 2005 and 2004, as detailed below:"}
{"_id": "d8204fdae", "title": "", "text": "Annuities The following table presents the results of operations of our Annuities segment on an operating basis:\nNM Not Meaningful.\nOur Annuities segment pretax operating income, which excludes net realized gains or losses and the market impact on variable annuity guaranteed benefits (net of hedges and the related DSIC and DAC amortization), decreased $58 million, or 9%, to $567 million for the year ended December 31, 2012 compared to $625 million for the prior year primarily due to a decline in net investment income and an unfavorable impact from unlocking and model changes, partially offset by the market impact on DAC and DSIC, lower interest credited to fixed accounts and higher fee revenues.\nResults for 2011 included $34 million of additional bond discount accretion investment income related to prior periods resulting from revisions to the accounting classification of certain structured securities, net of DAC and DSIC amortization.\nThe impact of unlocking and model changes was a decrease to pretax operating income of $11 million in 2012 compared to an increase of $1 million in the prior year.\nThe impact of unlocking and model changes for 2012 included a $43 million benefit, net of DAC and DSIC amortization, from an adjustment to the model which values the reserves related to living benefit guarantees primarily attributable to prior periods.\nThis revision aligns the model to more accurately reflect best estimate assumptions for living benefit utilization going forward.\nThe market impact on DAC and DSIC was a benefit of $29 million in 2012 compared to an expense of $10 million in the prior year.\nRiverSource variable annuity account balances increased 9% to $68.1 billion at December 31, 2012 compared to the prior year driven by market appreciation.\nVariable annuity net outflows of $457 million in 2012 reflected the closed book of annuities previously sold through third parties and $511 million of net inflows in the Ameriprise channel.\nRiverSource fixed annuity account balances declined 3% to $13.8 billion due to net outflows given the interest rate environment.\nNet Revenues Net revenues, which exclude net realized gains or losses, decreased $106 million, or 4%, to $2.5 billion for the year ended December 31, 2012 compared to $2.6 billion for the prior year primarily due to decreases in net investment income and premiums, partially offset by higher management fees and higher fees from variable annuity guarantees.\nManagement and financial advice fees increased $26 million, or 4%, to $648 million for the year ended December 31, 2012 compared to $622 million for the prior year due to higher fees on variable annuities driven by higher separate account balances.\nAverage variable annuities contract accumulation values increased $2.9 billion, or 5%, from the prior year due to market appreciation.\nNet investment income, which excludes net realized gains or losses, decreased $147 million, or 11%, to $1.1 billion for the year ended December 31, 2012 compared to $1.3 billion for the prior year due to a decrease in investment income on fixed maturities driven by low interest rates impacting both the variable and fixed businesses and $37 million of additional bond discount accretion investment income recognized in 2011 related to prior periods resulting from revisions to the accounting classification of certain structured securities."}
{"_id": "d87b64212", "title": "", "text": "TDRs on accrual status, which are current and have made six or more consecutive payments, were $950.0 million and $981.4 million at December 31, 2013 and 2012, respectively."}
{"_id": "d8204fbba", "title": "", "text": "PART II ITEM 7 Management’s Discussion and Analysis of Financial Condition and Results of Operations Year Ended December 31, 2014 Compared to the Year Ended December 31, 2013 Net Loss Segment net loss decreased $25,510 or 25%, to $74,731 for Twelve Months 2014 compared with a net loss of $100,241 for Twelve Months 2013.\nThe decrease is primarily due to a $20,753 one-time tax benefi t related to the conversion of the Canadian branch operations of certain U. S.  subsidiaries to foreign corporate entities, a $17,068 (after-tax) change in net realized gains on investments, lower employee-related costs and impact of expense reduction initiatives.\nThese items were partially offset by a $19,400 (after-tax) loss on an asset held for sale.\nTotal Revenues Total revenues increased $7,189 or 10%, to $79,282 for Twelve Months 2014 compared with $72,093 for Twelve Months 2013.\nThe increase in revenues is mainly due to an $26,258 increase in net realized gains on investments partially offset by a decrease of $17,816 in amortization of deferred gain on disposal of businesses (“amortization of deferred gain”).\nThe reduction in the amortization of deferred gain is related to a change in estimate for the recognition of a deferred gain associated with FFG that we previously sold through reinsurance."}
{"_id": "d86b3c4de", "title": "", "text": "| Period Total Number of   Shares Purchased Average Price Paid   per Share Total Number of Shares   Purchased as Part of   Publicly Announced   Plans or Programs-1 Maximum   Number of Shares   that May Yet Be   Purchased Under   the Plans or   Programs-1 | October 1-31, 2008 | November 1-30, 2008 | December 1-31, 2008 | Total |"}
{"_id": "d81f21f40", "title": "", "text": "| Years Ended December 31, | 2012 | (in millions) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Premiums | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | Interest credited to fixed accounts | Benefits, claims, losses and settlement expenses | Amortization of deferred acquisition costs | Interest and debt expense | General and administrative expense | Total expenses | Operating earnings |"}
{"_id": "d8e361acc", "title": "", "text": "Wawa, Ontario.\nThe fair values of the assets were determined using significant other observable inputs (Level 2) based on market quotes and significant unobservable inputs (Level 3) based on discounted cash flow models.\n?2009 — charges for Wood Products facilities included $74 million related to engineered wood products facilities in Hazard, Kentucky and Valdosta, Georgia.\nIn addition, charges included $30 million related to corporate-region buildings and $11 million related to a lumber mill in Brazil.\nThe fair values of the assets were determined using significant other observable inputs (Level 2) based on market quotes and significant unobservable inputs (Level 3) based on discounted cash flow models.\n?2008 — charges for Wood Products facilities included a $27 million charge related to the assets of the Trust Joist?\nCommercial division and $37 million related to oriented strand board facilities in Drayton Valley, Alberta and Miramichi, New Brunswick.\nReal Estate Impairments and Charges We review homebuilding long-lived assets and investments within our Real Estate segment for impairment whenever events or changes in circumstances indicate that the carrying amount of the assets may not be recoverable.\nThese assets are stated at cost unless events or circumstances trigger an impairment review.\nIf a triggering event occurs and the asset’s carrying amount is not recoverable, we record an impairment loss, which is the difference between the asset’s book value and fair value.\nThe determination of fair value is based on appraisals and market pricing of comparable assets when that information is available, or the discounted value of estimated future net cash flows from these assets.\nDuring 2008 and 2009, unfavorable market conditions caused us to re-evaluate our strategy to develop certain projects, reduce sales prices, and increase customer incentives.\nAsset impairments are recorded as adjustments to the cost basis of inventory and investments.\nBecause of such changes, we reassessed the recoverability of several of our investments, which triggered impairment charges.\nThe number of real estate projects owned or operated by us ranged from approximately 100 to 125 during 2009 and 2010.\nThis includes communities where we were actively building homes or developing land and land positions held for future development.\nThe table below provides, for each period indicated: ?the number of projects that were tested for recoverability as a result of triggering events that occurred during the period, ?the number of projects for which impairment charges were recognized in the period, ?the amount of real estate impairment charges attributable to Weyerhaeuser shareholders that were recognized in the period and ?additional information about the fair value of assets impaired in the period.\nReal estate impairments relate primarily to projects, or communities, held for development.\nWithin a community that is held for development, there may be individual homes or parcels of land that are currently held for sale.\nImpairment charges recognized as a result of adjusting individual held-for-sale assets within a community to estimated fair value less cost to sell are also included in the total impairment charges below.\nAn individual project or held-for-sale asset may have been tested for recoverability and impairment charges may have been recognized in more than one quarter.\nDOLLAR AMOUNTS IN MILLIONS Fai"}
{"_id": "d8663bff2", "title": "", "text": "The following table summarizes the ratings profile of the Firms derivative receivables, including credit derivatives, net of all collateral, at the dates indicated.\nThe ratings scale is based on the Firms internal ratings, which generally correspond to the ratings as assigned by S&P and Moodys.\nRatings profile of derivative receivables\nAs previously noted, the Firm uses collateral agreements to mitigate counterparty credit risk.\nThe percentage of the Firms over-the-counter derivative transactions subject to collateral agreements  excluding foreign exchange spot trades, which are not typically covered by collateral agreements due to their short maturity and centrally cleared trades that are settled daily  was approximately 90% at both December 31, 2018, and December 31, 2017."}
{"_id": "d86d1634a", "title": "", "text": "HEWLETT PACKARD ENTERPRISE COMPANY AND SUBSIDIARIES Management’s Discussion and Analysis of Financial Condition and Results of Operations (Continued) Investing Activities Net cash used in investing activities increased by $1.6 billion in fiscal 2019 as compared to fiscal 2018.\nThe increase was due primarily to an increase of $1.3 billion of cash used for payments made in connection with business acquisitions, an increase of $0.4 billion of cash used for investments in property, plant and equipment, net of proceeds from sales, partially offset by an increase of $0.2 billion of cash received from net financial collateral activities in the current period.\nNet cash used in investing activities decreased by $3.5 billion in fiscal 2018 as compared to fiscal 2017 due primarily to lower payments by $2.0 billion for business acquisitions, in addition to an increase in cash of $0.8 billion from net financial collateral activities and a decrease of $0.6 billion of cash used for investments in property, plant and equipment, net of proceeds from sales.\nFinancing Activities Net cash used in financing activities decreased by $4.0 billion in fiscal 2019 as compared to fiscal 2018.\nThe decrease was due primarily to the impact of a higher debt redemption by $1.9 billion in the prior period, an increase in cash proceeds from the issuance of debt of $1.1 billion and a lower utilization of cash for share repurchase activity by $1.3 billion in the current period.\nThese amounts were partially offset by a net transfer of cash from Seattle of $0.2 billion in the prior period.\nNet cash used in financing activities increased by $5.8 billion in fiscal 2018 as compared to fiscal 2017 due primarily to cash dividends of $3.0 billion and $2.5 billion from Everett and Seattle, respectively, in fiscal 2017, higher cash used for share repurchase activity by $1.0 billion and higher debt redemption by $0.4 billion in fiscal 2018, partially offset by $1.1 billion of net transfers of cash and cash equivalents to Everett and Seattle."}
{"_id": "d862151a8", "title": "", "text": "NOTE 7 Securitizations and Other Variable Interest Entities The Corporation utilizes VIEs in the ordinary course of business to support its own and its customers financing and investing needs.\nThe Corporation routinely securitizes loans and debt securities using VIEs as a source of funding for the Corporation and as a means of transferring the economic risk of the loans or debt securities to third parties.\nThe assets are transferred into a trust or other securitization vehicle such that the assets are legally isolated from the creditors of the Corporation and are not available to satisfy its obligations.\nThese assets can only be used to settle obligations of the trust or other securitization vehicle.\nThe Corporation also administers, structures or invests in other VIEs including CDOs, investment vehicles and other entities.\nFor additional information on the Corporations utilization of VIEs, see Note 1  Summary of Significant Accounting Principles.\nThe tables within this Note present the assets and liabilities of consolidated and unconsolidated VIEs at December 31, 2012 and 2011, in situations where the Corporation has continuing involvement with transferred assets or if the Corporation otherwise has a variable interest in the VIE.\nThe tables also present the Corporations maximum loss exposure at December 31, 2012 and 2011 resulting from its involvement with consolidated VIEs and unconsolidated VIEs in which the Corporation holds a variable interest.\nThe Corporations maximum loss exposure is based on the unlikely event that all of the assets in the VIEs become worthless and incorporates not only potential losses associated with assets recorded on the Corporations Consolidated Balance Sheet but also potential losses associated with off-balance sheet commitments such as unfunded liquidity commitments and other contractual arrangements.\nThe Corporations maximum loss exposure does not include losses previously recognized through write-downs of assets.\nThe Corporation invests in ABS issued by third-party VIEs with which it has no other form of involvement.\nThese securities are included in Note 2  Trading Account Assets and Liabilities and Note 4  Securities.\nIn addition, the Corporation uses VIEs such as trust preferred securities trusts in connection with its funding activities.\nFor additional information, see Note 12  Long-term Debt.\nThe Corporation also uses VIEs in the form of synthetic securitization vehicles to mitigate a portion of the credit risk on its residential mortgage loan portfolio, as described in Note 5  Outstanding Loans and Leases.\nThe Corporation uses VIEs, such as cash funds managed within Global Wealth & Investment Management (GWIM), to provide investment opportunities for clients.\nThese VIEs, which are not consolidated by the Corporation, are not included in the tables within this Note.\nExcept as described below, the Corporation did not provide financial support to consolidated or unconsolidated VIEs during 2012 or 2011 that it was not previously contractually required to provide, nor does it intend to do so."}
{"_id": "d8aa5184a", "title": "", "text": "| Year ended December 31, 2006 Year ended December 31, 2005 | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Investment income after investment expenses | Investment results of other entities and operations-2 | Total investment income | Year ended December 31, 2006 | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Total investment income |"}
{"_id": "d8bfb3350", "title": "", "text": "| Revised - See Note 1 | 2005 | Automotive | Cash flows from operating activities of continuing operations | Net cash flows from operating activities (Note 21) | Cash flows from investing activities of continuing operations | Capital expenditures | Acquisitions of retail and other finance receivables and operating leases | Collections of retail and other finance receivables and operating leases | Net (increase)/decrease in wholesale receivables | Net acquisitions of daily rental vehicles | Purchases of securities | Sales and maturities of securities | Proceeds from sales of retail and other finance receivables and operating leases | Proceeds from sale of wholesale receivables | Proceeds from sale of businesses | Transfer of cash balances upon disposition of discontinued/held-for-sale operations | Net investing activity with Financial Services | Cash paid for acquisitions | Cash recognized on initial consolidation of joint ventures | Other | Net cash (used in)/provided by investing activities | Cash flows from financing activities of continuing operations | Cash dividends | Net sales/(purchases) of Common Stock | Changes in short-term debt | Proceeds from issuance of other debt | Principal payments on other debt | Net financing activity with Automotive | Other | Net cash (used in)/provided by financing activities | Effect of exchange rate changes on cash | Net change in intersector receivables/payables and other liabilities | Net increase/(decrease) in cash and cash equivalents from continuing operations | Cash from discontinued operations | Cash flows from operating activities of discontinued operations | Cash flows from investing activities of discontinued operations | Cash flows from financing activities of discontinued operations | Net increase/(decrease) in cash and cash equivalents | Cash and cash equivalents at January 1 | Cash and cash equivalents of discontinued/held-for-sale operations at January 1 | Net increase/(decrease) in cash and cash equivalents | Less: cash and cash equivalents of discontinued/held-for-sale operations at December 31 | Cash and cash equivalents at December 31 | Years Ended December 31, | 2016 | United States - Financing Share | Retail installment and lease share of Ford retail sales (excl. Fleet) | Wholesale | Europe - Financing Share(incl. Fleet) | Retail installment and lease share of total Ford sales | Wholesale |"}
{"_id": "d819d2562", "title": "", "text": "EUROPEAN PAPERS net sales in 2006 were $1.5 billion, compared with $1.4 billion in 2005 and $1.5 billion in 2004.\nSales volumes in 2006 were higher than in 2005 at our Eastern European mills due to stronger market demand.\nAverage sales price realizations increased in 2006 in both Eastern and Western European markets.\nOperating earnings in 2006 rose 20% from 2005, but were 15% below 2004 levels.\nThe improvement in 2006 compared with 2005"}
{"_id": "d8a0bcf78", "title": "", "text": "| Land $257,717 | Acquired in-place leases | Assets acquired | Mortgage notes payable | Other liabilities, net of other assets | Liabilities assumed | 198,615 | Investments in unconsolidated joint ventures | Net assets acquired |"}
{"_id": "d8b4b048a", "title": "", "text": "For the U. S.  pension plans we use a market-related valuation of assets approach to determine the expected return on assets, which is a component of net periodic benefit cost recognized in the Consolidated Statements of Income.\nThis approach recognizes 20% of any gains or losses in the current year's value of market-related assets, with the remaining 80% spread over the next four years.\nAs this approach recognizes gains or losses over a five-year period, the future value of assets and therefore, our net periodic benefit cost will be impacted as previously deferred gains or losses are recorded.\nAs of December 31, 2013, the market-related value of assets was $1.8 billion.\nWe do not use the market-related valuation approach to determine the funded status of the U. S.  plans recorded in the Consolidated Statements of Financial Position.\nInstead, we record and present the funded status in the Consolidated Statements of Financial Position based on the fair value of the plan assets.\nAs of December 31, 2013, the fair value of plan assets was $1.9 billion.\nOur non-U. S.  plans use fair value to determine expected return on assets."}
{"_id": "d83b9f596", "title": "", "text": "| Contractual Obligations Total Less Than   One Year More Than   One Year and   Less Than   Three Years More Than   Three Years   and Less   Than Five   Years More Than   Five Years | (In millions) | Future policy benefits | Policyholder account balances | Other policyholder liabilities | Payables for collateral under securities loaned and other transactions | Bank deposits | Short-term debt | Long-term debt | Collateral financing arrangements | Junior subordinated debt securities | Commitments to lend funds | Operating leases | Other | Total |"}
{"_id": "d8e7fb966", "title": "", "text": "?\nlevel and volatility of interest or capitalization rates or capital market conditions; ?\nloss of hedge accounting treatment for interest rate swaps; ?\nthe continuation of the good credit of our interest rate swap providers; ?\nprice volatility, dislocations and liquidity disruptions in the financial markets and the resulting impact on financing; ?\nthe effect of any rating agency actions on the cost and availability of new debt financing; ?\nsignificant decline in market value of real estate serving as collateral for mortgage obligations; ?\nsignificant change in the mortgage financing market that would cause single-family housing, either as an owned or rental product, to become a more significant competitive product; ?\nour ability to continue to satisfy complex rules in order to maintain our status as a REIT for federal income tax purposes, the ability of the Operating Partnership to satisfy the rules to maintain its status as a partnership for federal income tax purposes, the ability of our taxable REIT subsidiaries to maintain their status as such for federal income tax purposes, and our ability and the ability of our subsidiaries to operate effectively within the limitations imposed by these rules; ?\ninability to attract and retain qualified personnel; ?\ncyber liability or potential liability for breaches of our privacy or information security systems; ?\npotential liability for environmental contamination; ?\nadverse legislative or regulatory tax changes; ?\nlegal proceedings relating to various issues, which, among other things, could result in a class action lawsuit; ?\ncompliance costs associated with laws requiring access for disabled persons; and ?\nother risks identified in this Annual Report on Form 10-K including under the caption \"Item 1A.\nRisk Factors\" and, from time to time, in other reports we file with the Securities and Exchange Commission, or the SEC, or in other documents that we publicly disseminate.\nNew factors may also emerge from time to time that could have a material adverse effect on our business.\nExcept as required by law, we undertake no obligation to publicly update or revise forward-looking statements contained in this Annual Report on Form 10-K to reflect events, circumstances or changes in expectations after the date on which this Annual Report on Form 10-K is filed."}
{"_id": "d80ee26ca", "title": "", "text": "| 2009 2008 2007 | (in millions) | Balance at January 1 | Additions (reductions) based on tax positions related to the current year | Additions for tax positions of prior years | Reductions for tax positions of prior years | Settlements | Balance at December 31 |"}
{"_id": "d8d0e7b30", "title": "", "text": "| Level 3 | Balance as of January 1, 2015 | Actual return on assets | Purchases, issuances and settlements, net | Balance as of December 31, 2015 |"}
{"_id": "d81d4e114", "title": "", "text": "Principal Financial Group, Inc.  Notes to Consolidated Financial Statements — (continued) 1.\nNature of Operations and Significant Accounting Policies — (continued) revenue associated with the new contract are deferred and amortized over the lifetime of the new contract.\nIn addition, the existing DPAC, sales inducement costs and unearned revenue balances associated with the replaced contract are written off.\nIf an internal replacement results in a substantially unchanged contract, the acquisition costs, sales inducements and unearned revenue associated with the new contract are immediately recognized in the period incurred.\nIn addition, the existing DPAC, sales inducement costs or unearned revenue balance associated with the replaced contract is not written off, but instead is carried over to the new contract.\nLong-Term Debt Long-term debt includes notes payable, nonrecourse mortgages and other debt with a maturity date greater than one year at the date of issuance.\nCurrent maturities of long-term debt are classified as long-term debt in our statement of financial position.\nReinsurance We enter into reinsurance agreements with other companies in the normal course of business.\nWe may assume reinsurance from or cede reinsurance to other companies.\nAssets and liabilities related to reinsurance ceded are reported on a gross basis.\nPremiums and expenses are reported net of reinsurance ceded.\nThe cost of reinsurance related to long-duration contracts is accounted for over the life of the underlying reinsured policies using assumptions consistent with those used to account for the underlying policies.\nWe are contingently liable with respect to reinsurance ceded to other companies in the event the reinsurer is unable to meet the obligations it has assumed.\nAt December 31, 2009 and 2008, our largest exposures to a single third-party reinsurer in our individual life insurance business was $22.0 billion and $18.5 billion of life insurance in force, representing 14% and 11% of total net individual life insurance in force, respectively.\nThe financial statement exposure is limited to the reinsurance recoverable related to this single third party reinsurer, which was $26.8 million and $18.1 million at December 31, 2009 and 2008, respectively.\nThe effects of reinsurance on premiums and other considerations and policy and contract benefits were as follows:"}
{"_id": "d8b0c0c76", "title": "", "text": "Table 4 COMMON SHAREHOLDER DATA"}
{"_id": "d81d04eb0", "title": "", "text": "an adverse development with respect to one claim in 2008 and favorable developments in three cases in 2009.\nOther costs were also lower in 2009 compared to 2008, driven by a decrease in expenses for freight and property damages, employee travel, and utilities.\nIn addition, higher bad debt expense in 2008 due to the uncertain impact of the recessionary economy drove a favorable year-over-year comparison.\nConversely, an additional expense of $30 million related to a transaction with Pacer International, Inc.  and higher property taxes partially offset lower costs in 2009.\nOther costs were higher in 2008 compared to 2007 due to an increase in bad debts, state and local taxes, loss and damage expenses, utility costs, and other miscellaneous expenses totaling $122 million.\nConversely, personal injury costs (including asbestos-related claims) were $8 million lower in 2008 compared to 2007.\nThe reduction reflects improvements in our safety experience and lower estimated costs to resolve claims as indicated in the actuarial studies of our personal injury expense and annual reviews of asbestos-related claims in both 2008 and 2007.\nThe year-over-year comparison also includes the negative impact of adverse development associated with one claim in 2008.\nIn addition, environmental and toxic tort expenses were $7 million lower in 2008 compared to 2007.\nNon-Operating Items"}
{"_id": "d86d9fd70", "title": "", "text": "Table of Contents corporate bond fee plan.\nCDS trading volume data are included in Other.\nTrading volume data related to DealerAxess ?\nbond trading between broker-dealer clients are included in either U. S.  high-grade or Other trading volumes, as appropriate.\nThe increase in U. S.  high-grade volume was due primarily to an increase in overall market volume as measured by FINRA TRACE, offset by a decline in the Companys estimated market share of total U. S.  high-grade corporate bond volume as reported by FINRA TRACE from 6.6% for the year ended December 31, 2008 to 6.2% for the year ended December 31, 2009.\nEstimated FINRA TRACE U. S.  high-grade volume increased by 41.3% from $2,028 billion for the year ended December 31, 2008 to $2,865 billion for the year ended December 31, 2009.\nEurobond volumes increased by 58.7% for the year ended December 31, 2009 compared to the year ended December 31, 2008, primarily due to the improvement in market conditions.\nOther volume increased by 16.6% for the year ended December 31, 2009 compared to the year ended December 31, 2008, primarily due to higher highyield and agencies volume, offset by lower credit default swap volume.\nOur average variable transaction fee per million for the years ended December 31, 2009 and 2008 was as follows:"}
{"_id": "d815b4fd4", "title": "", "text": "| Balance at May 31, 2013 $-28,464 | Utilization of foreign net operating loss carryforwards | Allowance for foreign tax credit carryforward | Other | Balance at May 31, 2014 | Utilization of foreign net operating loss carryforwards | Other | Balance at May 31, 2015 |"}
{"_id": "d8b55c0b4", "title": "", "text": "| Years Ended December 31, | (in millions) | Weighted-average shares - basic | Effect of dilutive securities | Weighted-average shares - diluted |"}
{"_id": "d876df066", "title": "", "text": "| In millions of dollars 2010 2009 2008 % Change 2010 vs. 2009 % Change 2009 vs. 2008 | Commissions and fees | Administration and other fiduciary fees | Investment banking | Principal transactions | Other | Total non-interest revenue | Net interest revenue (including dividends) | Total revenues, net of interest expense | Total operating expenses | Net credit losses | Provision (release) for unfunded lending commitments | Credit reserve build (release) | Provisions for loan losses and benefits and claims | Income from continuing operations before taxes | Income taxes | Income from continuing operations | Net income attributable to noncontrolling interests | Net income | Average assets(in billions of dollars) | Return on assets | Revenues by region | North America | EMEA | Latin America | Asia | Total | Income from continuing operations by region | North America | EMEA | Latin America | Asia | Total | Average loans by region(in billions of dollars) | North America | EMEA | Latin America | Asia | Total |"}
{"_id": "d8968df5c", "title": "", "text": "| Location Property Interest Size (Sq. Ft.) Use | Canonsburg, PA | Houston, TX | Sydney, Australia |"}
{"_id": "d87bfc968", "title": "", "text": "| Benchmark 2009 2008 2007 | WTI crude oil (Dollars per barrel) | Western Canadian Select (Dollars per barrel)(a) | AECO natural gas sales index (Dollars per mmbtu)(b) |"}
{"_id": "d8dc49730", "title": "", "text": "| Price Range | High | 2009 | Quarter ended March 31, 2009 | Quarter ended June 30, 2009 | Quarter ended September 30, 2009 | Quarter ended December 31, 2009 | 2008 | Quarter ended March 31, 2008 | Quarter ended June 30, 2008 | Quarter ended September 30, 2008 | Quarter ended December 31, 2008 |"}
{"_id": "d8b865a3a", "title": "", "text": "| Preferred Shares Authorized Par Value Preferred Shares Outstanding | SPS | PSCo |"}
{"_id": "d8ed6da16", "title": "", "text": "Notes to the Consolidated Financial Statements On March 18, 2008, PPG completed a public offering of $600 million in aggregate principal amount of its 5.75% Notes due 2013 (the 2013 Notes), $700 million in aggregate principal amount of its 6.65% Notes due 2018 (the 2018 Notes) and $250 million in aggregate principal amount of its 7.70% Notes due 2038 (the 2038 Notes and, together with the 2013 Notes and the 2018 Notes, the Notes).\nThe Notes were offered by the Company pursuant to its existing shelf registration.\nThe proceeds of this offering of $1,538 million (net of discount and issuance costs) and additional borrowings of Notes to the Consolidated Financial Statements On March 18, 2008, PPG completed a public offering of $600 million in aggregate principal amount of its 5.75% Notes due 2013 (the ¡°2013 Notes¡±), $700 million in aggregate principal amount of its 6.65% Notes due 2018 (the ¡°2018 Notes¡±) and $250 million in aggregate principal amount of its 7.70% Notes due 2038 (the ¡°2038 Notes¡± and, together with the 2013 Notes and the 2018 Notes, the ¡°Notes¡±).\nThe Notes were offered by the Company pursuant to its existing shelf registration.\nThe proceeds of this offering of $1,538 million (net of discount and issuance costs) and additional borrowings of $195 million under the ¬650 million revolving credit facility were used to repay existing debt, including certain short-term debt and the amounts outstanding under the ¬1 billion bridge loan.\nNo further amounts can be borrowed under the ¬1 billion bridge loan.\nThe discount and issuance costs related to the Notes, which totaled $12 million, will be amortized to interest expense over the respective lives of the Notes.\nShort-term debt outstanding as of December 31, 2008 and 2007, was as follows:"}
{"_id": "d87d4ce08", "title": "", "text": "dealers on transactional pricing in the marketplace.\nThe company also agrees to defend its intellectual property and to provide warranty and technical support to the dealer.\nThe agreement further grants the dealer a non-exclusive license to use the company’s trademarks, service marks and brand names.\nIn some instances, a separate trademark agreement exists between the company and a dealer.\nIn exchange for these rights, the agreement obligates the dealer to develop and promote the sale of the company’s products to current and prospective customers in the dealer’s service territory.\nEach dealer agrees to employ adequate sales and support personnel to market, sell and promote the company’s products, demonstrate and exhibit the products, perform the company’s product improvement programs, inform the company concerning any features that might affect the safe operation of any of the company’s products and maintain detailed books and records of the dealer’s financial condition, sales and inventories and make these books and records available at the company’s reasonable request.\nThese sales and service agreements are terminable at will by either party primarily upon 90 days written notice.\nResearch and Development We place strong emphasis on product-oriented research and development relating to the development of new or improved machines, engines and major components.\nIn 2017, 2016 and 2015, we spent $1,905 million, $1,951 million and $2,119 million, or 4.2, 5.1 and 4.5 percent of our sales and revenues, respectively, on our research and development programs.\nEmployment As of December 31, 2017, we employed about 98,400 full-time persons of whom approximately 56,200 were located outside the United States.\nIn the United States, we employed approximately 42,200 employees, most of whom are at-will employees and, therefore, not subject to any type of employment contract or agreement.\nAt select business units, certain highly specialized employees have been hired under employment contracts that specify a term of employment, pay and other benefits."}
{"_id": "d889a7edc", "title": "", "text": "| December 31, 2009In millions 1 Yearor Less 1 Through5 Years After 5Years GrossLoans | Commercial | Real estate projects | Total | Loans with Predetermined rate | Floating or adjustable rate | Total | December 31, 2009 – in millions | Three months or less | Over three through six months | Over six through twelve months | Over twelve months | Total |"}
{"_id": "d8de10c76", "title": "", "text": "| GlobalPayments S&P500 S&PInformationTechnology | May 31, 2011 | May 31, 2012 | May 31, 2013 | May 31, 2014 | May 31, 2015 | May 31, 2016 |"}
{"_id": "d8ddaa322", "title": "", "text": "| (dollar amounts in millions) December 31,2018 December 31,2017 | Commercial loans and leases: | Real estate and rental and leasing | Retail trade -1 | Manufacturing | Finance and insurance | Wholesale trade | Health care and social assistance | Accommodation and food services | Professional, scientific, and technical services | Transportation and warehousing | Other services | Mining, quarrying, and oil and gas extraction | Construction | Admin./Support/Waste Mgmt. and Remediation Services | Arts, entertainment, and recreation | Educational services | Utilities | Information | Public administration | Unclassified/Other | Agriculture, forestry, fishing and hunting | Management of companies and enterprises | Total commercial loans and leases by industry category | Automobile | Home Equity | Residential mortgage | RV and marine finance | Other consumer loans | Total loans and leases |"}
{"_id": "d87c72096", "title": "", "text": "| Fair Value Measurements Using: | In millions | Cash | Money market funds | US government securities | Corporate debt | Common and preferred stocks | Mutual funds | Interest in Collective Funds (a) | Limited partnerships | Other | Total |"}
{"_id": "d86bdf8d2", "title": "", "text": "| (Dollars in millions) 2012 2011 2010 2009 2008 | Allowance for loan and lease losses, January 1-1 | Loans and leases charged off | Residential mortgage | Home equity | Discontinued real estate | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer charge-offs | U.S. commercial-2 | Commercial real estate | Commercial lease financing | Non-U.S. commercial | Total commercial charge-offs | Total loans and leases charged off | Recoveries of loans and leases previously charged off | Residential mortgage | Home equity | Discontinued real estate | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer recoveries | U.S. commercial-3 | Commercial real estate | Commercial lease financing | Non-U.S. commercial | Total commercial recoveries | Total recoveries of loans and leases previously charged off | Net charge-offs | Provision for loan and lease losses | Write-offs of home equity PCI loans | Other-4 | Allowance for loan and lease losses, December 31 | Reserve for unfunded lending commitments, January 1 | Provision for unfunded lending commitments | Other-5 | Reserve for unfunded lending commitments, December 31 | Allowance for credit losses, December 31 |"}
{"_id": "d8cf598cc", "title": "", "text": "| December 31, 2011 | Less than 12 months | Description of Securities | (in millions, except number of securities) | Corporate debt securities | Residential mortgage backed securities | Commercial mortgage backed securities | Asset backed securities | State and municipal obligations | Foreign government bonds and obligations | Total | December 31, 2010 | Less than 12 months | Description of Securities | (in millions, except number of securities) | Corporate debt securities | Residential mortgage backed securities | Commercial mortgage backed securities | Asset backed securities | State and municipal obligations | Total | Year Ended December 31, | 2010 | (Amounts in thousands except share and per share amounts) | Shares issued | Issuance price ranges | Issuance proceeds |"}
{"_id": "d8e817ddc", "title": "", "text": "| For the Year Ended December 31, | (Millions of Dollars) | Operating revenues | Energy costs | Operating income (g) | Net income | Total assets (e)(f) | Long-term debt (e) | Shareholder’s equity |"}
{"_id": "d8727f00c", "title": "", "text": "Safety – Operating a safe railroad benefits our employees, our customers, our shareholders, and the communities we serve.\nWe will continue using a multi-faceted approach to safety, utilizing technology, risk assessment, quality control, training and employee engagement, and targeted capital investments.\nWe will continue using and expanding the deployment of Total Safety Culture throughout our operations, which allows us to identify and implement best practices for employee and operational safety.\nDerailment prevention and the reduction of grade crossing incidents are critical aspects of our safety programs.\nWe will continue our efforts to increase rail defect detection; improve or close crossings; and educate the public and law enforcement agencies about crossing safety through a combination of our own programs (including risk assessment strategies), various industry programs and local community activities across our network.  ?\nNetwork Operations – We will continue focusing on our six critical initiatives to improve safety, service and productivity during 2013.\nWe are seeing solid contributions from reducing variability, continuous improvements, and standard work.\nResource agility allows us to respond quickly to changing market conditions and network disruptions from weather or other events.\nThe Railroad continues to benefit from capital investments that allow us to build capacity for growth and harden our infrastructure to reduce failure.  ?\nFuel Prices – Uncertainty about the economy makes projections of fuel prices difficult.\nWe again could see volatile fuel prices during the year, as they are sensitive to global and U. S.  domestic demand, refining capacity, geopolitical events, weather conditions and other factors.\nTo reduce the impact of fuel price on earnings, we will continue seeking cost recovery from our customers through our fuel surcharge programs and expanding our fuel conservation efforts.  ?\nCapital Plan – In 2013, we plan to make total capital investments of approximately $3.6 billion, including expenditures for Positive Train Control (PTC), which may be revised if business conditions warrant or if new laws or regulations affect our ability to generate sufficient returns on these investments.\n(See further discussion in this Item 7 under Liquidity and Capital Resources – Capital Plan. )"}
{"_id": "d8373b068", "title": "", "text": "| 2008 2007 -1 | Deferred tax liabilities relating to: | Difference between book and tax basis of property | Accruals currently deductible | Total liabilities | Deferred tax assets relating to: | Difference between book and tax basis of property | Accruals not currently deductible | Deferred taxes on FIN 48 state tax and interest impact | Net operating loss carryforwards, state taxes | Other credits and carryforwards | Capital loss carryforwards | Total assets | Valuation allowance | Net deferred tax asset | Net deferred tax assets (liabilities) |"}
{"_id": "d86a90094", "title": "", "text": "Note 5.\nFair Value Measurements The fair value of a financial instrument is the amount that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date.\nFinancial assets are marked to bid prices and financial liabilities are marked to offer prices.\nFair value measurements do not include transaction costs.\nThe firm measures certain financial assets and financial liabilities as a portfolio (i. e. , based on its net exposure to market and/or credit risks).\nThe best evidence of fair value is a quoted price in an active market.\nIf quoted prices in active markets are not available, fair value is determined by reference to prices for similar instruments, quoted prices or recent transactions in less active markets, or internally developed models that primarily use market-based or independently sourced parameters as inputs including, but not limited to, interest rates, volatilities, equity or debt prices, foreign exchange rates, commodity prices, credit spreads and funding spreads (i. e. , the spread, or difference, between the interest rate at which a borrower could finance a given financial instrument relative to a benchmark interest rate).\nU. S.  GAAP has a three-level fair value hierarchy for disclosure of fair value measurements.\nThe fair value hierarchy prioritizes inputs to the valuation techniques used to measure fair value, giving the highest priority to level 1 inputs and the lowest priority to level 3 inputs.\nA financial instruments level in the fair value hierarchy is based on the lowest level of input that is significant to its fair value measurement.\nThe fair value hierarchy is as follows: Level 1.\nInputs are unadjusted quoted prices in active markets to which the firm had access at the measurement date for identical, unrestricted assets or liabilities.\nLevel 2.\nInputs to valuation techniques are observable, either directly or indirectly.\nLevel 3.\nOne or more inputs to valuation techniques are significant and unobservable."}
{"_id": "d82a10302", "title": "", "text": "| Years Ended March 31, Change | (Dollars in millions) | Distribution Solutions | Direct distribution & services | Sales to customers’ warehouses | Total U.S. pharmaceutical distribution & services | Canada pharmaceutical distribution & services | Medical-Surgical distribution & services | Total Distribution Solutions | Technology Solutions | Services | Software & software systems | Hardware | Total Technology Solutions | Total Revenues |"}
{"_id": "d83c8adf2", "title": "", "text": "| Total Less Than 1 Year 1 - 3 Years 4 - 5 Years After 5 Years | Long-term debt (including interest) | Customer deposits | FHLB borrowings | Retirement plan contribution | Acquisition payments | Contingent acquisition payments | Media advertising purchase obligation | Capital lease obligations | Operating leases | Total contractual cash obligations |"}
{"_id": "d86f6bc1c", "title": "", "text": "| Fiscal Year Ended | October 28, 2018 | Perishable | Poultry | Shelf-stable | Miscellaneous | Total |"}
{"_id": "d8ece1d0e", "title": "", "text": "| 2016 2015 2014 | Number ofShares andUnits | Outstanding at January 1 | Granted | Released-1 | Forfeited | Outstanding at December 31-2 |"}
{"_id": "d8239fb62", "title": "", "text": "| Basel III Regulatory Capital Levels | January 1,2015 | Common equity tier 1 risk-based capital ratio | Tier 1 risk-based capital ratio | Total risk-based capital ratio |"}
{"_id": "d8f8aa938", "title": "", "text": "| Accruals atJanuary 1,2006 2006AdditionalCharges 2006 -1 Adjustments 2006 Amount Used Accruals atDecember 31,2006 | Exit costs—lease terminations | Employee separation costs | $103 |"}
{"_id": "d8bae50da", "title": "", "text": "Entergy Corporation and Subsidiaries Management’s Financial Discussion and Analysis 4 combination.\nConsistent with the terms of the stipulated settlement in the business combination proceeding, electric customers of Entergy Louisiana will realize customer credits associated with the business combination; accordingly, in October 2015, Entergy recorded a regulatory liability of $107 million ($66 million net-of-tax).\nThese costs are being amortized over a nine-year period beginning December 2015.\nSee Note 2 to the financial statements for further discussion of the business combination and customer credits.\nThe volume/weather variance is primarily due to the effect of more favorable weather during the unbilled period and an increase in industrial usage, partially offset by the effect of less favorable weather on residential sales.\nThe increase in industrial usage is primarily due to expansion projects, primarily in the chemicals industry, and increased demand from new customers, primarily in the industrial gases industry.\nThe Louisiana Act 55 financing savings obligation variance results from a regulatory charge for tax savings to be shared with customers per an agreement approved by the LPSC.\nThe tax savings results from the 2010-2011 IRS audit settlement on the treatment of the Louisiana Act 55 financing of storm costs for Hurricane Gustav and Hurricane Ike.\nSee Note 3 to the financial statements for additional discussion of the settlement and benefit sharing.\nIncluded in Other is a provision of $23 million recorded in 2016 related to the settlement of the Waterford 3 replacement steam generator prudence review proceeding, offset by a provision of $32 million recorded in 2015 related to the uncertainty at that time associated with the resolution of the Waterford 3 replacement steam generator prudence review proceeding.\nSee Note 2 to the financial statements for a discussion of the Waterford 3 replacement steam generator prudence review proceeding.\nEntergy Wholesale Commodities Following is an analysis of the change in net revenue comparing 2016 to 2015."}
{"_id": "d8c854702", "title": "", "text": "| Year Ended December 31, | (in thousands) | Oil and gas mineral interests, equipment and facilities | Proved property acquisition costs | Unproved property acquisition costs | Downstream projects |"}
{"_id": "d8685be2c", "title": "", "text": "The combined amount of accrued interest and penalties related to tax positions taken on our tax returns were approximately $24.6 million and $23.6 million for fiscal 2018 and 2017, respectively.\nThese amounts were included in long-term income taxes payable in their respective years.\nWe file income tax returns in the United States on a federal basis and in many U. S.  state and foreign jurisdictions.\nWe are subject to the continual examination of our income tax returns by the IRS and other domestic and foreign tax authorities.\nOur major tax jurisdictions are Ireland, California and the United States.\nFor Ireland, California and the United States, the earliest fiscal years open for examination are 2008, 2014 and 2015, respectively.\nWe regularly assess the likelihood of outcomes resulting from these examinations to determine the adequacy of our provision for income taxes and have reserved for potential adjustments that may result from these examinations.\nWe believe such estimates to be reasonable; however, there can be no assurance that the final determination of any of these examinations will not have an adverse effect on our operating results and financial position.\nThe timing of the resolution of income tax examinations is highly uncertain as are the amounts and timing of tax payments that are part of any audit settlement process.\nThese events could cause large fluctuations in the balance of short-term and longterm assets, liabilities and income taxes payable.\nWe believe that within the next 12 months, it is reasonably possible that either certain audits will conclude or statutes of limitations on certain income tax examination periods will expire, or both.\nGiven the uncertainties described above, we can only determine a range of estimated potential effect in underlying unrecognized tax benefits ranging from $0 to approximately $45 million."}
{"_id": "d8913760c", "title": "", "text": "| Maximum Loss | VIE Type | CCRC OpCo | VIE tenants—operating leases | VIE tenants—DFLs | Loan—senior secured | CMBS |"}
{"_id": "d88e03f3a", "title": "", "text": "International Networks"}
{"_id": "d8e008466", "title": "", "text": "| Year Ended December 31, 2008 | (Dollars in millions) | Card income | Equity investment income | Trading account profits (losses) | Mortgage banking income (loss)(2) | Other income (loss) | Total | Year Ended December 31, 2007 | Card income | Equity investment income | Trading account profits (losses) | Mortgage banking income (loss)(2) | Other income (loss) | Total |"}
{"_id": "d81da9870", "title": "", "text": "| GMWB Macro | Equity Market Return | Potential Net Fair Value Impact | Interest Rates | Potential Net Fair Value Impact | Implied Volatilities | Potential Net Fair Value Impact |"}
{"_id": "d8c5e03c2", "title": "", "text": "| In millions of dollars 2011 2012 2013 2014 2015 Thereafter | Bank | Non-bank | Parent company | Total |"}
{"_id": "d8a925ad4", "title": "", "text": "| 2005 2004 2003 | Beginning balance as of January 1, | Additions and revisions in estimated cash flows, net of settlements | Accretion expense | Liability assumed in merger with SpectraSite, Inc. | Increase due to change in accounting principle | Balance as of December 31, |"}
{"_id": "d8a02a236", "title": "", "text": "| As of December 31, 2015 As of December 31, 2014 | (in millions) | Executive Retirement Plan | Guidant Retirement Plan (frozen) | Guidant Supplemental Retirement Plan (frozen) | International Retirement Plans | $131 |"}
{"_id": "d8662405a", "title": "", "text": "| Type of Case Number of Cases Pending as of February 4, 2019 Number of Cases Pending as of February 9, 2018 Number of Cases Pending as of December 31, 2016 | Individual Smoking and Health Cases | Smoking and Health Class Actions | Health Care Cost Recovery Actions | Label-Related Class Actions | Individual Label-Related Cases | Public Civil Actions | Date | December 31, 2013 | December 31, 2014 | December 31, 2015 | December 31, 2016 | December 31, 2017 | December 31, 2018 | Payments Due | (in millions) | Long-term debt-1 | Interest on borrowings-2 | Operating leases-3 | Purchase obligations-4: | Inventory and production costs | Other | 6,846 | Other long-term liabilities-5 | $51,162 | For the Years Ended December 31, | (in millions) | Net revenues: | European Union | Eastern Europe | Middle East & Africa | South & Southeast Asia | East Asia & Australia | Latin America & Canada | Net revenues |"}
{"_id": "d869b4e18", "title": "", "text": "D. R.  HORTON, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) The Company’s revolving credit facility imposes restrictions on its operations and activities, including requiring the maintenance of a maximum allowable ratio of debt to tangible net worth and a borrowing base restriction if the Company’s ratio of debt to tangible net worth exceeds a certain level.\nThese covenants are measured as defined in the credit agreement governing the facility and are reported to the lenders quarterly.\nA failure to comply with these financial covenants could allow the lending banks to terminate the availability of funds under the revolving credit facility or cause any outstanding borrowings to become due and payable prior to maturity.\nThe credit agreement governing the facility and the indenture governing the senior notes also impose restrictions on the creation of secured debt and liens.\nAt September 30, 2017, the Company was in compliance with all of the covenants, limitations and restrictions of its revolving credit facility and public debt obligations.\nThe Company has an automatically effective universal shelf registration statement filed with the Securities and Exchange Commission (SEC) in August 2015, registering debt and equity securities that the Company may issue from time to time in amounts to be determined.\nOn May 15, 2017, the Company repaid $350 million principal amount of its 4.75% senior notes, which were due on that date.\nThe key terms of the Company’s senior notes outstanding as of September 30, 2017 are summarized below."}
{"_id": "d881f9ffa", "title": "", "text": "| Years ended December 31, | 2012 | Stock-Settled Awards: | Awards granted | Weighted-average grant-date fair value (per award) | Total fair value of vested awards distributed | Cash-Settled Awards: | Awards granted | Weighted-average grant-date fair value (per award) | Total fair value of vested awards distributed | Performance-Based Awards: | Awards granted | Weighted-average grant-date fair value (per award) | Total fair value of vested awards distributed |"}
{"_id": "d8b78e986", "title": "", "text": "| January 1, 2019 -December 31, 2019 January 1, 2018 -December 31, 2018 January 1, 2017 -December 31, 2017 January 1, 2016 -December 31, 2016 | Total Board authorized share repurchase amount ($ in billions) | Total number of shares repurchased under this authorization as of the period end (in millions) |"}
{"_id": "d887600fc", "title": "", "text": "Principal Financial Group, Inc.  Notes to Consolidated Financial Statements  (continued) 6.\nInvestments  (continued) consist primarily of $2,192.3 million in unrealized losses within the mortgage-backed and other asset-backed securities sector at December 31, 2008.\nThe average price of the mortgage-backed and other asset-backed securities sector is 52 and the average credit rating is AA-.\nThe losses on these securities can primarily be attributed to changes in market interest rates and changes in credit spreads since the securities were acquired.\nBecause we have the ability and intent to hold the available-for-sale securities with unrealized losses until a recovery of fair value, which may be maturity, we do not consider these investments to be other-than-temporarily impaired at December 31, 2008."}
{"_id": "d8733fec4", "title": "", "text": "PART III ITEM 10.\nDIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE Information regarding our Code of Conduct, The Spirit and The Letter, and Code of Ethical Conduct Certificates for our principal executive officer, principal financial officer and principal accounting officer are described in Item 1.  Business of this Annual Report.\nInformation concerning our directors is set forth in the sections entitled \"Proposal No.1, Election of Directors - Board Nominees for Directors,\" and \"Corporate Governance - Committees of the Board\" in our Definitive Proxy Statement for the 2018 Annual Meeting of Stockholders to be filed with the SEC pursuant to the Exchange Act within 120 days of the end of our fiscal year on December 31, 2017 (\"Proxy Statement\"), which sections are incorporated herein by reference.\nFor information regarding our executive officers, see \"Item 1.  Business - Executive Officers of Baker Hughes\" in this annual report on Form 10-K.  Additional information regarding compliance by directors and executive officers with Section 16(a) of the Exchange Act is set forth under the section entitled \"Section 16(a) Beneficial Ownership Reporting Compliance\" in our Proxy Statement, which section is incorporated herein by reference.\nITEM 11.\nEXECUTIVE COMPENSATION Information for this item is set forth in the following sections of our Proxy Statement, which sections are incorporated herein by reference: \"Compensation Discussion and Analysis,\" \"Director Compensation,\" \"Compensation Committee Interlocks and Insider Participation\" and \"Compensation Committee Report. \"\nITEM 12.\nSECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS Information concerning security ownership of certain beneficial owners and our management is set forth in the sections entitled \"Stock Ownership of Certain Beneficial Owners\" and “Stock Ownership of Section 16(a) Director and Executive Officers”) in our Proxy Statement, which sections are incorporated herein by reference.\nWe permit our employees, officers and directors to enter into written trading plans complying with Rule 10b5-1 under the Exchange Act.\nRule 10b5-1 provides criteria under which such an individual may establish a prearranged plan to buy or sell a specified number of shares of a company's stock over a set period of time.\nAny such plan must be entered into in good faith at a time when the individual is not in possession of material, nonpublic information.\nIf an individual establishes a plan satisfying the requirements of Rule 10b5-1, such individual's subsequent receipt of material, nonpublic information will not prevent transactions under the plan from being executed.\nCertain of our officers have advised us that they have and may enter into stock sales plans for the sale of shares of our Class A common stock which are intended to comply with the requirements of Rule 10b5-1 of the Exchange Act.\nIn addition, the Company has and may in the future enter into repurchases of our Class A common stock under a plan that complies with Rule 10b5-1 or Rule 10b-18 of the Exchange Act.\nEquity Compensation Plan Information The information in the following table is presented as of December 31, 2017 with respect to shares of our Class A common stock that may be issued under our LTI Plan which has been approved by our stockholders (in millions, except per share prices)."}
{"_id": "d8629a8ee", "title": "", "text": "NOTE 2: BUSINESS COMBINATIONS AND DISPOSALS We periodically acquire the businesses of franchisees and account for the transaction as a business combination.\nWe also periodically sell company-owned offices to franchisees and record a gain if the sale qualifies as a divestiture for accounting purposes and upon determination that collection of the sales proceeds is reasonably assured.\nGains are reported in operating income because the transactions are considered a recurring part of our business, and are included as a reduction of selling, general and administrative expenses in our consolidated income statements.\nDuring fiscal years 2010 and 2009, we sold certain offices to existing franchisees for cash proceeds of $65.7 million and $16.9 million, respectively, and recorded gains on these sales of $49.0 million and $14.9 million, respectively.\nEffective November 3, 2008, we acquired the assets and franchise rights of our last major independent franchise operator for an aggregate purchase price of $279.2 million.\nGoodwill recognized on this transaction is included in the Tax Services segment and is deductible for tax purposes.\nDuring fiscal years 2010, 2009 and 2008, we made other acquisitions, which were accounted for as purchases with cash payments totaling $10.3 million, $12.6 million and $21.4 million, respectively.\nOperating results of the acquired businesses, which are not material, are included in the consolidated income statements since the date of acquisition.\nDuring fiscal years 2010, 2009 and 2008 we also paid $0.2 million, $1.9 million and $3.6 million, respectively, for contingent payments on prior acquisitions."}
{"_id": "d894cfda0", "title": "", "text": "| December 31, | 2006 | Amount | (In millions) | Office | Apartments | Retail | Developmental joint ventures | Real estate investment funds | Industrial | Land | Agriculture | Other | Total |"}
{"_id": "d89f409d8", "title": "", "text": "| December 31,2008 December 31,2009 December 31,2010 December 31,2011 December 31,2012 December 31,2013 | DISCA | DISCB | DISCK | S&P 500 | Peer Group |"}
{"_id": "d863f4f14", "title": "", "text": "| Measurement PointDecember 31 Booking Holdings Inc. NASDAQComposite Index S&P 500Index RDG InternetComposite | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 |"}
{"_id": "d89a46a72", "title": "", "text": "Components of income tax expense are presented below:"}
{"_id": "d86261ee0", "title": "", "text": "| December 31, Change from 2016-2015 | (dollars in millions) | Commercial | Commercial real estate | Leases | Total commercial | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Automobile | Student | Credit cards | Other retail | Total retail | Total loans and leases | December 31, 2016 | (in millions) | Commercial | Commercial real estate | Leases | Total commercial | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Automobile | Student | Credit cards | Other retail | Total retail | Total loans and leases | Loans and leases due after one year at fixed interest rates | Loans and leases due after one year at variable interest rates |"}
{"_id": "d8a971d9e", "title": "", "text": "| Year ended December 31, | (Dollars in thousands) | Average cash and due from banks | Average federal funds sold, securities purchased under agreements to resell and other short-term investmentsecurities | Average cash and cash equivalents | Percentage of total average assets | Net cash provided by operating activities | Net cash used for investing activities | Net cash provided by financing activities | Net (decrease) increase in cash and cash equivalents | December 31, | 2010 | SVB Financial: | Total risk-based capital ratio | Tier 1 risk-based capital ratio | Tier 1 leverage ratio | Tangible common equity to tangible assets ratio -1 | Tangible common equity to risk-weighted assets ratio -1 | Bank: | Total risk-based capital ratio | Tier 1 risk-based capital ratio | Tier 1 leverage ratio | Tangible common equity to tangible assets ratio -1 | Tangible common equity to risk-weighted assets ratio -1 |"}
{"_id": "d81a4d42e", "title": "", "text": "In September and October 2008, Lehman Brothers Holdings Inc. , or Lehman Brothers, and certain of its affiliates filed for bankruptcy or other insolvency proceedings.\nWhile we had no unsecured financial exposure to Lehman Brothers or its affiliates, we indemnified certain customers in connection with these and other collateralized repurchase agreements with Lehman Brothers entities.\nIn the then current market environment, the market value of the underlying collateral had declined.\nDuring the third quarter of 2008, to the extent these declines resulted in collateral value falling below the indemnification obligation, we recorded a reserve to provide for our estimated net exposure.\nThe reserve, which totaled $200 million, was based on the cost of satisfying the indemnification obligation net of the fair value of the collateral, which we purchased during the fourth quarter of 2008.\nThe collateral, composed of commercial real estate loans which are discussed in note 5, is recorded in loans and leases in our consolidated statement of condition."}
{"_id": "d8b47796e", "title": "", "text": "Net cash used in investing activities of $211.7 million in 2016 consisted primarily of capital expenditures of $176.1 million and $41.3 million for the acquisition of intangible assets.\nNet cash used in investing activities of $316.1 million in 2015 consisted primarily of a $320.1 million net payment associated with the acquisition of CardiAQ, and capital expenditures of $102.7 million, partially offset by net proceeds from investments of $119.6 million.\nNet cash used in investing activities of $633.0 million in 2014 consisted primarily of net purchases of investments of $527.4 million and capital expenditures of $82.9 million."}
{"_id": "d89f12efc", "title": "", "text": "WESTROCK COMPANY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS ?\n(Continued) 97 In the normal course of business, we evaluate our potential exposure to MEPPs, including with respect to potential withdrawal liabilities.\nDuring fiscal 2018, we submitted formal notification to withdraw from PIUMPF and recorded an estimated withdrawal liability of $180.0 million.\nThe estimated withdrawal liability assumes payment over 20 years, discounted at a credit adjusted risk-free rate of 3.83%.\nWe expect PIUMPF?s demand related to the withdrawal to include both a payment for withdrawal liability and for our proportionate share of PIUMPF?s accumulated funding deficiency.\nWe reserve the right to challenge any portion of the demand, including any portion related to the accumulated funding deficiency.\nThe estimated withdrawal liability noted above excludes the potential impact of a future mass withdrawal of other employers from PIUMPF, which is not considered probable or reasonably estimable at this time.\nDue to the absence of specific information regarding matters such as PIUMPF?s current financial situation, our estimate is subject to revision.\nIn addition, in fiscal 2018, we submitted formal notification to withdraw from Central States and recorded an estimated withdrawal liability of $4.2 million on a discounted basis.\nIt is reasonably possible that we may incur withdrawal liabilities with respect to certain other MEPPs in connection with such withdrawals.\nOur estimate of any such withdrawal liability, both individually and in the aggregate, is not material for the remaining plans in which we participate.\nAt September 30, 2018 and September 30, 2017, we had withdrawal liabilities recorded of $247.8 million and $60.1 million, respectively.\nIn addition to the contributions presented in the table below, for fiscal 2018, 2017 and 2016 we accrued $6.0 million, $1.9 million and $2.1 million, respectively, related to withdrawal liabilities.\nThe impact of future withdrawal liabilities, future funding obligations or increased contributions may be material to our results of operations, cash flows and financial condition and the trading price of our Common Stock.\nApproximately 43% of our employees are covered by CBAs or similar agreements, of which approximately 8% are covered by CBAs or similar agreements that have expired and another 6% are covered by CBAs or similar agreements that expire within one year.\nThe following table lists our participation in our multiemployer and other plans that are individually significant for the years ended September 30 (in millions):"}
{"_id": "d87a1dd2c", "title": "", "text": "Price Range of Common Stock Our common stock trades on the New York Stock Exchange under the ticker symbol “ICE”.\nOn February 3, 2015, our common stock traded at a high of $211.57 per share and a low of $208.59 per share.\nThe following table sets forth the quarterly high and low sale prices for the periods indicated for our common stock on the New York Stock Exchange."}
{"_id": "d85f42ef8", "title": "", "text": "| Years ended December 31, 2012 2011 2010 | Revenues | % of total company revenues | Earnings from operations | Operating margins | Contractual backlog | Unobligated backlog |"}
{"_id": "d8f73dde8", "title": "", "text": "| 2014 2013 | Notional Amount | Instruments designated as accounting hedges: | Foreign exchange contracts | Interest rate contracts | Instruments not designated as accounting hedges: | Foreign exchange contracts | Year ended December 31In millions | Net interest income | Noninterest income | Total customer-related trading revenue | Securities underwriting and trading (a) | Foreign exchange | Financial derivatives and other | Total customer-related trading revenue |"}
{"_id": "d87b2245c", "title": "", "text": "THE INTERPUBLIC GROUP OF COMPANIES, INC.  AND SUBSIDIARIES MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS — (Continued) (Amounts in Millions, Except Per Share Amounts) 2006 Compared to 2005 Salaries and related expenses decreased during 2006 due to net divestitures, primarily from the sale of several businesses at IAN during 2005, partially offset by changes in foreign currency exchange rates and a slight organic increase.\nTotal salaries and related expenses as a percentage of revenue remained flat as a result of the decline in revenue.\nKey factors behind the change in salaries and related expenses from the prior year were a significant reduction in severance expense of $63.7, offset by an increase in long-term incentive awards and bonus awards of $67.2.\nExpenses related to incentive awards increased in 2006 due to long-term equity based awards granted in June 2006 and the full year impact of awards granted in August 2005, while expenses related to bonus awards increased primarily due to performance.\nThe slight organic increase reflected in CMG and Corporate was offset by a decrease at IAN and was primarily the result of higher salary costs to upgrade our talent and to support revenue initiatives and technology-related projects, increased incentive awards and bonus awards.\nThis was partially offset by a decrease in severance expense, primarily at international locations within IAN, which we incurred in 2005 due to client losses.2005 Compared to 2004 Salaries and related expenses increased primarily due to an organic increase and changes in foreign currency exchange rates, partially offset by net divestitures, primarily at McCann during 2005 and the sale of the Motorsports business during 2004.\nThe organic increase was primarily the result of higher severance expense, largely recorded in the fourth quarter of 2005 for international headcount reductions within IAN as a result of client losses, the hiring of additional creative talent to enable future revenue growth, additional staff to address weaknesses in our accounting and control environment, and to develop shared services at certain locations.\nOffice and General Expenses Office and general expenses include rent expense, professional fees, expenses attributable to the support of client service professional staff, depreciation and amortization costs, bad debt expense relating to accounts receivable, the costs associated with the development of a shared services center and implementation costs associated with upgrading our information technology infrastructure.\nOffice and general expenses also include costs directly attributable to client engagements."}
{"_id": "d8823b2f2", "title": "", "text": "| (Amounts in millions) 2012 2011 Change | External net sales | Intersegment net sales | Segment net sales | Cost of goods sold | Gross profit | Operating expenses | Segment operating earnings |"}
{"_id": "d8d000c76", "title": "", "text": "| Year Ended December 31, | (dollars in millions) | Operating Data: | Net interest income | Noninterest income | Total revenue | Provision for credit losses | Noninterest expense | Noninterest expense, excluding goodwill impairment-1 | (Loss) income before income tax (benefit) expense | Income tax (benefit) expense | Net (loss) income | Net income, excluding goodwill impairment-1 | Return on average tangible common equity-1 | Return on average tangible common equity, excluding goodwill impairment-1 |"}
{"_id": "d87e6c018", "title": "", "text": "| Year ended December 31,(in millions) 2013 2012 2011 | Repurchase liability at beginning of period | Net realized losses(a)(b) | Reclassification tolitigation reserve(c) | Provision for repurchase losses(d) | Repurchase liability at end of period |"}
{"_id": "d8bfcce18", "title": "", "text": "| (dollar amounts in thousands) Rate Principal amount of subordinatednote/ debenture issued to trust-1 Investment in unconsolidated subsidiary | Huntington Capital I | Huntington Capital II | Huntington Capital III | BancFirst Ohio Trust Preferred | Sky Financial Capital Trust I | Sky Financial Capital Trust II | Sky Financial Capital Trust III | Sky Financial Capital Trust IV | Prospect Trust I | Total |"}
{"_id": "d80ef6c6a", "title": "", "text": "On October 5, 2015, we paid €6.7 million ($7.5 million equivalent as of October 5, 2015) to acquire the remaining shares of Realex after which we own 100% of the outstanding shares.\nEzidebit On October 10, 2014, we completed the acquisition of 100% of the outstanding stock of Ezi Holdings Pty Ltd (¡°Ezidebit¡±) for AUD302.6 million in cash ($266.0 million equivalent as of the acquisition date).\nThis acquisition was funded by a combination of cash on hand and borrowings on our revolving credit facility.\nEzidebit is a leading integrated payments company focused on recurring payments verticals in Australia and New Zealand.\nEzidebit markets its services through a network of integrated software vendors and direct channels to numerous vertical markets.\nWe acquired Ezidebit to establish a direct distribution channel in Australia and New Zealand and to further enhance our existing integrated solutions offerings.\nThis transaction was accounted for as a business combination.\nWe recorded the assets acquired and liabilities assumed at their estimated fair values as of the acquisition date.\nCertain adjustments to estimated fair value were recorded during the year ended May 31, 2016 based on new information obtained that existed as of the acquisition date.\nDuring the measurement period, management determined that deferred income taxes should be reflected for certain nondeductible intangible assets.\nMeasurement-period adjustments, which are reflected in the table below, had no material effect on earnings or other comprehensive income for the current or prior periods.\nThe revenue and earnings of Ezidebit\nfor which $92 million of the fees are offset in incentive compensation expense in accordance with the terms of the contractual agreements.\nCertain of these incentive fees are subject to positive or negative future adjustment based on cumulative fund performance in relation to specified benchmarks.\nThe increase also reflects $68 million greater revenues from proprietary investing mainly due to appreciation and gains on sale of real estate related investments, including income of $12 million relating to a single investment in the current period and $58 million relating to two sale transactions in the prior year.\nAsset management fees increased $88 million mainly from institutional and retail customer assets as a result of increased asset values due to market appreciation and net asset flows."}
{"_id": "d812de5d0", "title": "", "text": "The other intangible assets, which primarily consist of customer relationships and trade name, have a weighted average useful life of 13.7 years.\nApproximately $57.9 million of the acquired goodwill is deductible for tax purposes.\nThe purchase price allocation is preliminary, subject to completion of valuation analyses, including, for example, refining assumptions used to calculate the fair value of other intangible assets.\nThe purchase agreement contains provisions under which there may be future consideration paid or received related to the subsequent determination of working capital that existed at the acquisition date.\nAny payments or receipts for provisional amounts for working capital will be recorded as an adjustment to goodwill when paid or received.\nThe results of operations and financial condition of Concentra have been included in our consolidated statements of income and consolidated balance sheets from the acquisition date.\nIn connection with the acquisition, we recognized approximately $14.9 million of acquisition-related costs, primarily banker and other professional fees, in selling, general and administrative expense.\nThe proforma financial information assuming the acquisition had occurred as of January 1, 2009 was not material to our results of operations."}
{"_id": "d811282cc", "title": "", "text": "| Average Seating  Capacity Average  Age  (Years) Owned Leased Total | Airbus A319 | Airbus A320 | Airbus A321 | AirbusA330-200 | AirbusA330-300 | Boeing737-800 | Boeing757-200 | Boeing767-300ER | Boeing777-200ER | Boeing777-300ER | Boeing787-8 | Boeing787-9 | Embraer 190 | McDonnell DouglasMD-80 | Total |"}
{"_id": "d86fcfe9c", "title": "", "text": "At December 31, 2011, total assets were $2.1 trillion, a decrease of $136 billion, or six percent, from December 31, 2010.\nAverage total assets decreased $143 billion in 2011.\nAt December 31, 2011, total liabilities were $1.9 trillion, a decrease of $138 billion, or seven percent, from December 31, 2010.\nAverage total liabilities decreased $139 billion in 2011.\nPeriod-end balance sheet amounts may vary from average balance sheet amounts due to liquidity and balance sheet management activities, primarily involving our portfolios of highly liquid assets, that are designed to ensure the adequacy of capital while enhancing our ability to manage liquidity requirements for the Corporation and for our customers, and to position the balance sheet in accordance with the Corporation’s risk appetite.\nThe execution of these activities requires the use of balance sheet and capital-related limits including spot, average and risk-weighted asset limits, particularly in our trading businesses.\nOne of our key metrics, Tier 1 leverage ratio, is calculated based on adjusted quarterly average total assets.\n(R) Income Taxes We file a consolidated federal income tax return for a majority of our subsidiaries.\nCertain subsidiaries are required to file separate partnership or corporate federal income tax returns.\nDeferred income taxes reflect the impact of temporary differences between the amounts of assets and liabilities recognized for financial reporting purposes and the amounts recognized for income tax purposes, measured by applying currently enacted tax laws.\nA deferred tax asset is recognized if it is more likely than not that a benefit will be realized.\nChanges in tax laws and tax rates are reflected in the income tax provision in the period in which the changes are enacted.\nWe recognize tax liabilities when, despite our belief that our tax return positions are supportable, we believe that certain positions may not be fully sustained upon review by tax authorities.\nBenefits from tax positions are measured at the highest tax benefit that is greater than 50% likely of being realized upon settlement.\nThe current portion of tax liabilities is included in accrued income taxes and any noncurrent portion of tax liabilities is included in deferred revenue and other liabilities.\nTo the extent that the final tax outcome of these matters is different from the amounts recorded, the differences impact income tax expense in the period in which the determination is made.\nInterest and penalties related to income tax matters are included in selling, general and administrative expenses.\n(S) Net Earnings Per Share Basic net earnings per share is computed by dividing net earnings by the weighted average number of shares of common stock outstanding.\nDiluted net earnings per share is computed by dividing net earnings by the sum of the weighted average number of shares of common stock outstanding and dilutive potential common stock.\n(T) Risks and Uncertainties We sell used and new vehicles.\nThe diversity of our customers and suppliers and the highly fragmented nature of the U. S.  automotive retail market reduce the risk that near term changes in our customer base, sources of supply or competition will have a severe impact on our business.\nHowever, unanticipated events could have an adverse effect on our business, results of operations and financial condition.\n(U) Reclassifications Certain prior year amounts have been reclassified to conform to the current year’s presentation.3.\nCARMAX AUTO FINANCE INCOME"}
{"_id": "d862872d0", "title": "", "text": "| 2014 2013 2012 | Provision for income taxes | Effective tax rate |"}
{"_id": "d834276b0", "title": "", "text": "| Less than 12 Months 12 Months or Greater Fair Value Total | Fair Value | Debt securities | Equity securities | Total |"}
{"_id": "d87da9c52", "title": "", "text": "| Reporting Unit($ inmillions) Fair Value as a % of Allocated Book Value Goodwill(post-impairment) | North America Cards | International Cards | Asia Consumer Banking | Securities & Banking | Global Transaction Services | North America GWM | International GWM |"}
{"_id": "d8f286e62", "title": "", "text": "| Total cost of shares purchased Total number of shares purchased Average price paid per share | 2009 | 2008 | 2007 | Number of shares of Smith common stock outstanding as of the acquisition date | Number of Smith unvested restricted stock units outstanding as of the acquisition date | 252 | Multiplied by the exchange ratio | Equivalent Schlumberger shares of common stock issued | Schlumberger closing stock price on August 27, 2010 | Common stock equity consideration | Fair value of Schlumberger equivalent stock options issued | Total fair value of the consideration transferred | Cash | Accounts receivable | Inventory-1 | Fixed assets | Intangible assets: | Tradenames (weighted-average life of 25 years) | Technology (weighted-average life of 16 years) | Customer relationships (weighted average life of 23 years) | Other assets | Accounts payable and accrued liabilities | Long-term debt-2 | Deferred taxes-3 | Other liabilities | sub-total | Less: | Investment in M-I SWACO-4 | Noncontrolling interests | Total identifiable net assets | Gain on investment in M-I SWACO-4 | Goodwill-5 | Total consideration transferred |"}
{"_id": "d8202fd42", "title": "", "text": "| Year Ended December 31, | 2015 | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial mortgage and other loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Investment income after investment expenses | Investment results of other entities and operations-2 | Total investment income |"}
{"_id": "d88df2b72", "title": "", "text": "Automobile Within auto loans, $11.4 billion resided in the indirect auto portfolio, $1.4 billion in the direct auto portfolio and $.1 billion in securitized portfolios as of December 31, 2017.\nComparable amounts as of December 31, 2016 were $10.8 billion, $1.3 billion and $.3 billion, respectively.\nThe indirect auto portfolio relates to loan applications generated from franchised automobile dealers.\nThis business is strategically aligned with our core retail business.\nWe continue to focus on a strong origination profile as evidenced by a weighted-average loan origination FICO score during 2017 of 745 for indirect auto loans and 767 for direct auto loans.\nThe weighted-average term of loan originations during 2017 was 72 months for indirect auto loans and 62 months for direct auto loans.\nWe offer both new and used automobile financing to customers through our various channels.\nThe portfolio was composed of 54% new vehicle loans and 46% used vehicle loans at December 31, 2017.\nThe auto loan portfolio's performance is measured monthly, including updated collateral values that are obtained monthly and updated FICO scores that are obtained at least quarterly.\nFor internal reporting and risk management, we analyze the portfolio by product channel and product type and regularly evaluate default and delinquency experience.\nAs part of our overall risk analysis and monitoring, we segment the portfolio by loan structure, collateral attributes and credit metrics which include FICO score, LTV and term.\nNonperforming Assets and Loan Delinquencies Nonperforming Assets Nonperforming assets include nonperforming loans and leases for which ultimate collectability of the full amount of contractual principal and interest is not probable and include nonperforming troubled debt restructurings (TDRs), other real estate owned (OREO), foreclosed and other assets.\nLoans held for sale, certain government insured or guaranteed loans, purchased impaired loans and loans accounted for under the fair value option are excluded from nonperforming loans.\nAdditional information regarding our nonperforming loans and nonaccrual policies is included in Note 1 Accounting Policies in the Notes To Consolidated Financial Statements in Item 8 of this report.\nA summary of the major categories of nonperforming assets are presented in Table 18.\nSee Note 3 Asset Quality in the Notes To Consolidated Financial Statements in Item 8 of this Report for further detail of nonperforming asset categories."}
{"_id": "d892b06be", "title": "", "text": "| As of December | $ in millions | Additional collateral or termination payments for a one-notch downgrade | Additional collateral or termination payments for a two-notch downgrade |"}
{"_id": "d8a7306de", "title": "", "text": "| December 31, 2006 December 31, 2005 | Industry-1 | (in millions) | Corporate Securities: | Manufacturing | Finance | Utilities | Services | Energy | Retail and Wholesale | Transportation | Other | Total Corporate Securities | Asset-Backed Securities | U.S. Government | Mortgage Backed | Foreign Government | Total |"}
{"_id": "d8e33ae36", "title": "", "text": "Table of Contents The Company may also enter into non-designated foreign currency contracts to partially offset the foreign currency exchange gains and losses generated by the re-measurement of certain assets and liabilities denominated in non-functional currencies.\nThe Company may enter into interest rate swaps, options, or other instruments to manage interest rate risk.\nThese instruments may offset a portion of changes in income or expense, or changes in fair value of the Company’s term debt or investments.\nThe Company designates these instruments as either cash flow or fair value hedges.\nThe Company’s hedged interest rate transactions as of September 26, 2015 are expected to be recognized within 10 years.\nCash Flow Hedges The effective portions of cash flow hedges are recorded in AOCI until the hedged item is recognized in earnings.\nDeferred gains and losses associated with cash flow hedges of foreign currency revenue are recognized as a component of net sales in the same period as the related revenue is recognized, and deferred gains and losses related to cash flow hedges of inventory purchases are recognized as a component of cost of sales in the same period as the related costs are recognized.\nDeferred gains and losses associated with cash flow hedges of interest income or expense are recognized in other income/(expense), net in the same period as the related income or expense is recognized.\nThe ineffective portions and amounts excluded from the effectiveness testing of cash flow hedges are recognized in other income/(expense), net.\nDerivative instruments designated as cash flow hedges must be de-designated as hedges when it is probable the forecasted hedged transaction will not occur in the initially identified time period or within a subsequent two-month time period.\nDeferred gains and losses in AOCI associated with such derivative instruments are reclassified immediately into other income/(expense), net.\nAny subsequent changes in fair value of such derivative instruments are reflected in other income/(expense), net unless they are re-designated as hedges of other transactions."}
{"_id": "d8eda64ec", "title": "", "text": "| Year Ended December 31, | 2004 | $ | ($ in thousands) | Expenses | Employee compensation and benefits | Depreciation and amortization | Technology and communications | Professional and consulting fees | Warrant-related expense | Marketing and advertising | Moneyline revenue share | General and administrative | Total expenses |"}
{"_id": "d88d9ab7a", "title": "", "text": "| As of December 31, 2014 | $ in millions | Cash and cash equivalents | Fund investments | Equity securities | Government debt securities | Other assets | Guaranteed investment contracts | Total |"}
{"_id": "d8f29f976", "title": "", "text": "| Increase/(Decrease)in Fair Market Value | As of December 31, | 2013 | 2012 |"}
{"_id": "d8dbe59d8", "title": "", "text": "Depreciation expense for the years ended December 31, 2005, 2004 and 2003 was $26,307,000, $28,353,000 and $27,988,000 respectively.\nIn 2005 and 2004, the Company wrote off certain assets that were fully depreciated and no longer utilized.\nThere was no effect on the Company's net property and equipment.\nAdditionally, the Company wrote off or sold certain assets that were not fully depreciated.\nThe net loss on disposal of those assets was $344,000 for 2005 and $43,000 for 2004."}
{"_id": "d88453ad0", "title": "", "text": "| 2015 2014 2013 | Aluminum production (kmt) | Third-party aluminum shipments (kmt) | Alcoa’s average realized price per metric ton of aluminum* | Alcoa’s average cost per metric ton of aluminum** | Third-party sales | Intersegment sales | Total sales | ATOI |"}
{"_id": "d8ee840ee", "title": "", "text": "Revenues for Gibraltar Life increased $243 million, from $2.695 billion in 2003 to $2.938 billion in 2004, including a $200 million favorable impact of currency fluctuations.\nExcluding the impact of the currency fluctuations, revenues increased $43 million, from $2.888 billion in 2003 to $2.931 billion in 2004, due primarily to increased premiums from single pay contracts of $125 million for which there was a corresponding increase in policyholders’ benefits.\nSales of single pay business in 2003 consisted primarily of endowment contracts, for which premiums collected from customers are not included in reported revenues.\nExcluding the effect of single pay contracts, revenue declined due to a reduction in the in force business.\nBenefits and Expenses 2005 to 2004 Annual Comparison.\nBenefits and expenses, as shown in the table above under “—Operating Results,” increased $860 million, from $5.425 billion in 2004 to $6.285 billion in 2005, including benefits and expenses of our Aoba Life business, and a net unfavorable impact of $52 million related to currency fluctuations.\nExcluding the impact of currency fluctuations, benefits and expenses increased $808 million, from $5.448 billion in 2004 to $6.256 billion in 2005.\nOn the same basis, benefits and expenses of our Japanese Life Planner operation increased $608 million from 2004 to 2005, including the benefits and expenses from our Aoba Life business.\nBenefits and expenses from our Korean operation increased $105 million, from $707 million in 2004 to $812 million in 2005.\nThe increases in benefits and expenses reflect increases in policyholders’ benefits, including changes in reserves, resulting from the aging of business in force and a greater volume of business in force, which was driven by new sales and strong persistency, as well as the contribution of the acquired Aoba Life business in Japan.\nA $5 million reduction in the liability for Japanese guaranty fund assessments and a $5 million reduction in reserves due to refinements relative to recently introduced products of our Korean business during 2005 were partial offsets to the growth in benefits and expenses.\nGibraltar Life’s benefits and expenses increased $75 million, from $2.536 billion in 2004 to $2.611 billion in 2005, including an $8 million favorable impact of currency fluctuations.\nExcluding the impact of the currency fluctuations, benefits and expenses increased $83 million, from $2.502 billion in 2004 to $2.585 billion in 2005, with an increase corresponding to the increased premiums from single pay contracts discussed above partially offset by expected attrition of older business and a reduction in our liability for guaranty fund assessments of approximately $10 million, together with a benefit of $9 million from refinements in reserves for a block of business during the 2005 period.\nBenefits and expenses in the prior year period were reduced by $11 million from the extinguishment of a liability that was established in connection with Gibraltar Life’s reorganization in 2001.2004 to 2003 Annual Comparison.\nBenefits and expenses increased $663 million, from $4.762 billion in 2003 to $5.425 billion in 2004, including an unfavorable impact of $316 million related to currency fluctuations.\nExcluding the impact of currency fluctuations, benefits and expenses increased $347 million reflecting a $318 million increase in our international insurance operations other than Gibraltar Life, and a $29 million increase from Gibraltar Life.\nOn this same basis, benefits and expenses of our Japanese Life Planner operation increased $125 million from 2003 to 2004, but reflect lower policyholders’ benefits, including changes in reserves, in 2004 related to the single pay contracts noted above.\nBenefits and expenses from our Korean operation increased $146 million from $561 million in 2003 to $707 million in 2004.\nThe increase in benefits and expenses in both operations, excluding the effect of the single pay contracts, reflects an increase in policyholders’ benefits, including changes in reserves, resulting from the aging of business in force and a greater volume of business in force, which was driven by new sales and continued strong persistency.\nGibraltar Life’s benefits and expenses increased $211 million, from $2.325 billion in 2003 to $2.536 billion in 2004, including an increase of $182 million related to currency fluctuations.\nExcluding the impact of the currency fluctuations, benefits and expenses increased $29 million from 2003 to 2004, reflecting an increase in policyholders’ benefits, including changes in reserves associated with single pay contracts and the greater increases in policy reserves, in 2004, associated with a lower than anticipated level of surrenders.\nIn addition, benefits and expenses for 2003 include a $9 million benefit from decreases in our estimated liability for guaranty fund assessments for which 2004 includes only a minimal benefit.\nThese increases were partially offset by a lower level of policyholders’ benefits due primarily to a reduction in the in force business and the reduction in reserves related to the extinguishment of a liability established in connection with Gibraltar Life’s reorganization as well as a more favorable level of general and administrative expenses compared to 2003."}
{"_id": "d8b70feb0", "title": "", "text": "Entergy Corporation and Subsidiaries Notes to Financial Statements this difference as a regulatory asset or liability on an ongoing basis, resulting in a zero net balance for the regulatory asset at the end of the lease term.\nThe amount was a net regulatory liability of $61.6 million and $27.8 million as of December 31, 2013 and 2012, respectively.\nAs of December 31, 2013, System Energy had future minimum lease payments (reflecting an implicit rate of 5.13%), which are recorded as long-term debt, as follows:"}
{"_id": "d8c9cf898", "title": "", "text": "| Shares (in thousands) Weighted Average Grant Date Fair Value Weighted Average Remaining Contractual Term  (in years) Aggregate Intrinsic Value (in millions) | Nonvested at January 1, 2009 | Vested | Granted | Reinvested Dividends | Forfeited / Expired | Nonvested at December 31, 2009 | RSUs Expected to Vest |"}
{"_id": "d815cd0fc", "title": "", "text": "| Balance at January 1, 2010 $25,621 | Increases in current period tax positions | Decreases in current period tax positions | Balance at December 31, 2010 | Increases in current period tax positions | Decreases in current period tax positions | Balance at December 31, 2011 | Increases in current period tax positions | Decreases in current period tax positions | Balance at December 31, 2012 |"}
{"_id": "d88e2877c", "title": "", "text": "of the Board of Directors (the Committee) establishes an overall pool of stock awards available for grant in any given year based on performance.\nFor stock-settled awards, the company issues new stock into the marketplace and generally does not repurchase shares in connection with the issuance of new awards.\nPrior to 2006, only stock options and stock appreciation rights had been issued under the Plan.\nIn 2006, the company also issued restricted stock units and performance share units under the Plan.\nIf all options outstanding at December 31, 2006, including some options that were previously granted under an earlier plan, and all remaining options that could be granted under the Plan were exercised, the company’s common shares would increase by approximately 25 million shares.\nIn December 2004, the FASB issued Statement 123R, which revises Statement 123 and supersedes APB 25.\nStatement 123R eliminates the alternative of using the intrinsic value method of accounting for share-based awards that was provided under APB 25.\nUnder APB 25, the company generally did not recognize compensation expense related to the issuance of stock options; however, compensation expense was recognized related to changes in the intrinsic value of stock appreciation rights issued under the Plan.\nStatement 123R established a fair-value-based measurement of share-based awards and requires that the cost of these awards be recognized in the company’s Consolidated Financial Statements.\nThe cost is recognized in the Consolidated Statement of Earnings over the period from the date of grant to the date when the award is no longer contingent upon the employee providing additional service (the required service period).\nFor awards that vest upon retirement, the required service period does not extend beyond the date an employee is eligible for retirement, including early retirement.\nFor awards that continue to vest following job elimination as a result of restructuring or the closure or sale of a facility, the required service period does not extend beyond the date the position is eliminated.\nThese situations can result in compensation expense being recognized over a period less than the stated vesting period.\nThe company adopted Statement 123R as of the beginning of fiscal year 2006, using the modified prospective transition method.\nAccordingly, prior period amounts have not been restated.\nPrior to adoption of Statement 123R, the company defined the past year as the service period and share-based employee compensation expense was recognized in the company’s pro forma disclosures in accordance with Statement 123 as of the option grant dates.\nTherefore, under the modified prospective method, no additional compensation expense will be recognized in the company’s Consolidated Statement of Earnings related to equity-classified awards issued prior to 2006, unless those awards are subsequently modified.\nShare-based compensation expense (income) recognized in 2006 for all share-based awards was $28 million, which included a $6 million charge in the first quarter for the cumulative effect to revalue the liability for stock appreciation rights as of December 25, 2005, from the intrinsic value of the outstanding awards to the estimated fair value of the outstanding awards.\nTotal compensation expense recognized for share-based awards in 2005 and 2004 was $11 million and $9 million, respectively.\nThe total income tax benefit recognized in the Consolidated Statement of Earnings for share-based awards for 2006, 2005 and 2004 was $9 million, $4 million and $3 million, respectively.\nStatement 123R requires the benefits of tax deductions in excess of the compensation cost recognized for share-based awards to be classified as financing cash inflows rather than operating cash inflows, on a prospective basis on the Consolidated Statement of Cash Flows.\nThe company realized $23 million in excess tax benefits from share-based payment arrangements in 2006, which is shown as “Excess tax benefits from share-based payment arrangements” on the Consolidated Statement of Cash Flows.\nThe company realized tax benefits on the exercise of stock options of $15 million in both 2005 and 2004.\nThese amounts are included in other operating cashflows.\nAs of December 31, 2006, there was approximately $31 million of total unrecognized compensation cost related to nonvested equity-classified share-based compensation arrangements granted under the Plan that is expected to be recognized over a weighted-average period of approximately 2.5 years.\nIn addition, as of December 31, 2006, there was approximately $1 million of unrecognized compensation related to nonvested liability-classified stock appreciation rights that are expected to vest over a weighted-average period of approximately 3.1 years.\nThe following table illustrates the effect on 2005 and 2004 net earnings and net earnings per share as if the company had applied the fair value recognition provisions of Statement 123 to share-based employee compensation.\nFor awards issued prior to 2006, the company defined the prior year as the service period for purposes of applying the fair value recognition provisions of Statement 123.\nAs a result, share-based employee compensation expense is reflected as of the option grant dates in the following table:"}
{"_id": "d8cb39eea", "title": "", "text": "| Weighted Average Assumptions 2011 2012 2013 | Expected volatility | Risk-free interest rate | Expected dividend yield | Expected life |"}
{"_id": "d883189ae", "title": "", "text": "| (in millions, except per share and ratio data) 2003 2002 Change | Revenue | Noninterest expense | Provision for credit losses | Net income | Net income per share – diluted | Average common equity | Return on average common equity (“ROCE”) | Tier 1 capital ratio | Total capital ratio | Tier 1 leverage ratio | Year ended December 31, | (in millions) | Treasury Services | Investor Services | Institutional Trust Services(a) | Other(a)(b) | Total Treasury & Securities Services |"}
{"_id": "d867a36ba", "title": "", "text": "| Pension Benefits December 31 Other Benefits December 31 | ($ in millions) | Change in Benefit Obligation | Benefit obligation at beginning of year | Service cost | Interest cost | Plan participants' contributions | Plan amendments | Actuarial loss (gain) | Benefits paid | Curtailments | Medicare Part D subsidy | Benefit obligation at end of year | Change in Plan Assets | Fair value of plan assets at beginning of year | Gain on plan assets | Employer contributions | Plan participants' contributions | Benefits paid | Medicare Part D subsidy | Fair value of plan assets at end of year | Funded status | Amounts Recognized in the Consolidated Statements of Financial Position: | Pension plan assets | Current liability-1 | Non-current liability-2 | Accumulated other comprehensive loss (income) (pre-tax) related to: | Prior service costs (credits) | Net actuarial loss (gain) |"}
{"_id": "d8c9b08d0", "title": "", "text": "Lease Operating Expenses (LOE) LOE includes several key components, such as direct operating costs, repair and maintenance, and workover costs.\nDirect operating costs generally trend with commodity prices and are impacted by the type of commodity produced and the location of properties (i. e. , offshore, onshore, remote locations, etc.\n).\nFluctuations in commodity prices impact operating cost elements both directly and indirectly.\nThey directly impact costs such as power, fuel, and chemicals, which are commodity price based.\nCommodity prices also affect industry activity and demand, thus indirectly impacting the cost of items such as rig rates, labor, boats, helicopters, materials, and supplies.\nOil, which contributed more than half of our 2015 production, is inherently more expensive to produce than natural gas.\nRepair and maintenance costs are typically higher on offshore properties.\nDuring 2015, LOE decreased $384 million, or 17 percent, on an absolute dollar basis compared to 2014.\nOn a per-unit basis, LOE decreased $0.90, or 9 percent compared to 2014.\nDuring 2014, LOE decreased $412 million, or 16 percent, on an absolute dollar basis compared to 2013.\nOn a per-unit basis, LOE decreased $0.58, or 5 percent, compared to 2013.\nThese reductions reflect our continued focus on cost reductions consistent with the current price environment."}
{"_id": "d8ce14386", "title": "", "text": "LOW INCOME HOUSING TAX CREDIT PARTNERSHIPS Huntington makes certain equity investments in various limited partnerships that sponsor affordable housing projects utilizing the Low Income Housing Tax Credit (LIHTC) pursuant to Section 42 of the Internal Revenue Code.\nThe purpose of these investments is to achieve a satisfactory return on capital, to facilitate the sale of additional affordable housing product offerings, and to assist in achieving goals associated with the Community Reinvestment Act.\nThe primary activities of the limited partnerships include the identification, development, and operation of multi family housing that is leased to qualifying residential tenants.\nGenerally, these types of investments are funded through a combination of debt and equity.\nHuntington is a limited partner in each Low Income Housing Tax Credit Partnership.\nA separate unrelated third party is the general partner.\nEach limited partnership is managed by the general partner, who exercises full and exclusive control over the affairs of the limited partnership.\nThe general partner has all the rights, powers and authority granted or permitted to be granted to a general partner of a limited partnership under the Ohio Revised Uniform Limited Partnership Act.\nDuties entrusted to the general partner of each limited partnership include, but are not limited to: investment in operating companies, company expenditures, investment of excess funds, borrowing funds, employment of agents, disposition of fund property, prepayment and refinancing of liabilities, votes and consents, contract authority, disbursement of funds, accounting methods, tax elections, bank accounts, insurance, litigation, cash reserve, and use of working capital reserve funds.\nExcept for limited rights granted to consent to certain transactions, the limited partner(s) may not participate in the operation, management, or control of the limited partnership's business, transact any business in the limited partnership's name or have any power to sign documents for or otherwise bind the limited partnership.\nIn addition, the general partner may only be removed by the limited partner(s) in the event the general partner fails to comply with the terms of the agreement and/or is negligent in performing its duties.\nHuntington believes the general partner of each limited partnership has the power to direct the activities which most significantly affect their performance of each partnership, therefore, Huntington has determined that it is not the primary beneficiary of any LIHTC partnership.\nHuntington uses the equity or effective yield method to account for its investments in these entities.\nThese investments are included in accrued income and other assets.\nAt December 31, 2013 and 2012, Huntington has commitments of $556.9 million (net of amortization: $390.6) and $532.1 million (net of amortization: $391.9), respectively, of which $412.5 million and $380.0 million, respectively, were funded.\nThe unfunded portion is included in accrued expenses and other liabilities.22."}
{"_id": "d885b6472", "title": "", "text": "| Change | 2015 | (In millions, except percentages and ratios) | New orders | Net sales | Book to bill ratio | Operating income | Operating margin | Non-GAAP Adjusted Results | Non-GAAP adjusted operating income | Non-GAAP adjusted operating margin |"}
{"_id": "d8a4e6374", "title": "", "text": "ITEM 7.\nMANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Our Managements Discussion and Analysis of Financial Condition and Results of Operations (MD&A) is provided in addition to the accompanying consolidated financial statements and notes to assist readers in understanding our results of operations, financial condition, and cash flows.\nMD&A is organized as follows: ?\nOverview.\nDiscussion of our business and overall analysis of financial and other highlights affecting the company in order to provide context for the remainder of MD&A.  ?\nCritical Accounting Estimates.\nAccounting estimates that we believe are most important to understanding the assumptions and judgments incorporated in our reported financial results and forecasts.  ?\nResults of Operations.\nAn analysis of our financial results comparing 2013 to 2012 and comparing 2012 to 2011.  ?\nLiquidity and Capital Resources.\nAn analysis of changes in our balance sheets and cash flows, and discussion of our financial condition and potential sources of liquidity.  ?\nFair Value of Financial Instruments.\nDiscussion of the methodologies used in the valuation of our financial instruments.  ?\nContractual Obligations and Off-Balance-Sheet Arrangements.\nOverview of contractual obligations, contingent liabilities, commitments, and off-balance-sheet arrangements outstanding as of December 28, 2013, including expected payment schedule.\nThe various sections of this MD&A contain a number of forward-looking statements that involve a number of risks and uncertainties.\nWords such as anticipates, expects, intends, plans, believes, seeks, estimates, continues, may, will, should, and variations of such words and similar expressions are intended to identify such forward-looking statements.\nIn addition, any statements that refer to projections of our future financial performance, our anticipated growth and trends in our businesses, uncertain events or assumptions, and other characterizations of future events or circumstances are forward-looking statements.\nSuch statements are based on our current expectations and could be affected by the uncertainties and risk factors described throughout this filing and particularly in Risk Factors in Part I, Item 1A of this Form 10-K.  Our actual results may differ materially, and these forward-looking statements do not reflect the potential impact of any divestitures, mergers, acquisitions, or other business combinations that had not been completed as of February 14, 2014."}
{"_id": "d897bc7ca", "title": "", "text": "| At December 31, | (Dollars in millions) | U.S. Reinsurance | International | Bermuda | Insurance | Total | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8b8b1dc2", "title": "", "text": "| Contractual Maturity Date | 2011 | (in millions) | Off-Balance Sheet Commitments: | Recourse to Prudential Insurance | Recourse limited to assets of separate accounts | Total Off-Balance Sheet Commitments | On-Balance Sheet Commitments: | Recourse to Prudential Insurance | Recourse limited to assets of separate accounts | Total On-Balance Sheet Commitments | Total Commitments |"}
{"_id": "d8aba7460", "title": "", "text": "(1) Amount represents AUM acquired in the BofA Global Capital Management transaction in April 2016.\n2016 Compared with 2015 Net gains on investments of $57 million in 2016 decreased $52 million from 2015 due to lower net gains in 2016.\nNet gains on investments in 2015 included a $40 million gain related to the BKCA acquisition and a $35 million unrealized gain on a private equity investment.\nInterest and dividend income increased $14 million from 2015 primarily due to higher dividend income in 2016.2015 Compared with 2014 Net gains on investments of $109 million in 2015 decreased $45 million from 2014 due to lower net gains in 2015.\nNet gains on investments in 2015 included a $40 million gain related to the BKCA acquisition and a $35 million unrealized gain on a private equity investment.\nNet gains on investments in 2014 included the positive impact of the monetization of a nonstrategic, opportunistic private equity investment.\nInterest expense decreased $28 million from 2014 primarily due to repayments of long-term borrowings in the fourth quarter of 2014."}
{"_id": "d88877580", "title": "", "text": "| At December 31, 2013-1 | Years to Maturity | Credit Rating-2 | (dollars in millions) | AAA | AA | A | BBB | Investment grade | Non-investment grade | Total | Industry | (dollars in millions) | Energy | Utilities | Consumer discretionary | Healthcare | Funds, exchanges and other financial services-2 | Industrials | Information technology | Consumer staples | Materials | Real Estate | Telecommunications services | Other | Total |"}
{"_id": "d8d5dd810", "title": "", "text": "2015 Asset Impairments During 2015, certain deepwater Gulf of Mexico, Eastern Mediterranean and Equatorial Guinea properties were written down to their estimated fair values using a discounted cash flow model.\nThe cash flow model included managements estimates of future crude oil and natural gas production, commodity prices based on forward commodity price curves or contract prices as of the date of the estimate, operating and development costs, and discount rates.\nImpairment charges of $481 million resulted from reductions in the forward crude oil prices as of December 31, 2015.\nIn addition, we recorded approximately $47 million of impairment primarily related to revisions in expected field abandonment and other costs for deepwater Gulf of Mexico and Eastern Mediterranean properties.\nDuring fourth quarter 2015, we executed an agreement to divest our interest in the Alon A and Alon C offshore Israel licenses, which include the Karish and Tanin fields.\nAs a result, these assets were written down to expected proceeds less costs to sell, resulting in a $5 million impairment.2014 Asset Impairments As a result of declining crude oil prices at the end of 2014, we recorded impairment charges of $250 million related to certain onshore US and deepwater Gulf of Mexico properties.\nDuring 2014, South Raton in the deepwater Gulf of Mexico was shut-in due to mechanical issues; therefore, we recorded additional impairment charges of $74 million for South Raton in fourth quarter 2014.\nAdditionally, the asset carrying values of certain crude oil and natural gas properties in the deepwater Gulf of Mexico and offshore Israel increased when we recorded associated increases in asset retirement obligations.\nWe determined that the recorded carrying values of some of these assets were not recoverable from future cash flows and recorded impairment expense of $51 million.\nDuring third quarter 2014, we reclassified certain non-core properties as assets held for sale.\nThe assets were written down to expected proceeds less costs to sell, resulting in a $31 million impairment.\nIn March 2014, the operator of the MacCulloch North Sea field notified the working interest owners that expected field abandonment costs would be higher than originally projected, and that field abandonment would occur sooner than anticipated.\nAs a result of this new information, we adjusted the asset retirement obligation to reflect the updated estimate of abandonment costs and timing.\nWe assessed the asset for impairment and determined that it was impaired.2013 Asset Impairments We recorded impairments of the Mari-B field, due to natural field decline, and certain non-core, onshore US properties upon reclassification to assets held for sale.\nThe Mari-B field was written down to its estimated fair value using a discounted cash flow model, as described above.\nThe fair values of onshore US assets held for sale were based on anticipated sales proceeds less costs to sell.\nSee Note 13.\nFair Value Measurements and Disclosures."}
{"_id": "d834c5072", "title": "", "text": "The Company’s life and annuity products all have minimum interest rate guarantees in their fixed accounts.\nAs of December 31, 2011, these guarantees range up to 5%.\nTo the extent the yield on the Company’s invested asset portfolio declines below its target spread plus the minimum guarantee, the Company’s profitability would be negatively affected.\nGuarantees Owing to conditions then-prevailing in the credit markets and the isolated defaults of unaffiliated structured investment vehicles held in the portfolios of money market funds advised by its Columbia Management Investment Advisers, LLC subsidiary (the ‘‘2a-7 Funds’’), the Company closely monitored the net asset value of the 2a-7 Funds during 2008 and"}
{"_id": "d8a85436c", "title": "", "text": "| Amounts Due By Period | (dollars in millions) | Long-term Debt (including Interest) | Operating Leases | Purchase Obligations | Total |"}
{"_id": "d86731bf0", "title": "", "text": "| Years Ended December 31, | 2015 | United States - Financing Share | Retail installment and lease share of Ford retail sales (excl. Fleet) | Wholesale | Europe - Financing Share(incl. Fleet) | Retail installment and lease share of total Ford sales | Wholesale |"}
{"_id": "d8c37cc48", "title": "", "text": "NOTE 16  COMMON STOCK As of June 30, 2008, the Companys authorized common stock consists of 650 million shares of Class A Common Stock, par value $.01 per share, and 240 million shares of Class B Common Stock, par value $.01 per share.\nClass B Common Stock is convertible into Class A Common Stock, in whole or in part, at any time and from time to time at the option of the holder, on the basis of one share of Class A Common Stock for each share of Class B Common Stock converted.\nHolders of the Companys Class A Common Stock are entitled to one vote per share and holders of the Companys Class B Common Stock are entitled to ten votes per share.\nInformation about the Companys common stock outstanding is as follows:"}
{"_id": "d8870b3cc", "title": "", "text": "| Balances | In millions of dollars at year end | Citigroup parent company | Senior notes-1 | Subordinated notes | Junior subordinated notes relating to trust preferred securities | Other Citigroup subsidiaries | Senior notes-2 | Subordinated notes | Secured debt | Citigroup Global Markets Holdings Inc.-3 | Senior notes | Subordinated notes | Citigroup Funding Inc.-4(5) | Senior notes | Total | Senior notes | Subordinated notes | Junior subordinated notes relating to trust preferred securities | Other | Total |"}
{"_id": "d8f7b6e82", "title": "", "text": "| Year Ended December 31, 2017 GDV As of December 31, 2017 Cards | (in billions) | Mastercard Branded Programs1,2 | Consumer Credit | Consumer Debit and Prepaid | Commercial Credit and Debit |"}
{"_id": "d810fb4f2", "title": "", "text": "| Year ended December 31 – dollars in millions 2018 2017 2016 2015 2014 | Allowance for loan and lease losses – January 1 | Gross charge-offs | Commercial | Commercial real estate | Equipment lease financing | Home equity | Residential real estate | Credit card | Other consumer (a) | Total gross charge-offs | Recoveries | Commercial | Commercial real estate | Equipment lease financing | Home equity | Residential real estate | Credit card | Other consumer (a) | Total recoveries | Net (charge-offs) | Provision for credit losses | Net decrease / (increase) in allowance for unfunded loan commitments andletters of credit | Other (b) | Allowance for loan and lease losses – December 31 | Allowance as a percentage of December 31: | Loans (b) | Nonperforming loans | As a percentage of average loans: | Net charge-offs | Provision for credit losses | Allowance for loan and lease losses (b) | Allowance as a multiple of net charge-offs | 2018 | December 31 dollars in millions | Commercial | Commercial real estate | Equipment lease financing | Home equity | Residential real estate | Credit card | Other consumer (a) | Total |"}
{"_id": "d8b5a192a", "title": "", "text": "| (Dollars per barrel) 2009 2008 2007 | Chicago LLS 6-3-2-1 | U.S. Gulf Coast LLS 6-3-2-1 | Sweet/Sour differential(a) |"}
{"_id": "d8a0bcf0a", "title": "", "text": "| Land $120,900 | Building | Acquired above-market leases | Acquired in-place leases | Assets acquired | Mortgage note payable at fair value | Acquired below-market leases | Liabilities assumed | Net assets acquired |"}
{"_id": "d895ff3b0", "title": "", "text": "| Millions 2015 2014 2013 % Change 2015 v 2014 % Change 2014 v 2013 | Other income | Interest expense | Income taxes |"}
{"_id": "d8c6f4178", "title": "", "text": "| December 31 | 2010 | (Dollars in millions) | Maximum loss exposure-1 | On-balance sheet assets | Trading account assets | Derivative assets | Available-for-saledebt securities | All other assets | Total | On-balance sheet liabilities | Derivative liabilities | Long-term debt | Total | Total assets of VIEs |"}
{"_id": "d86a874d0", "title": "", "text": "development phase prior to ship construction.\nThis crucial milestone also authorized the Navy to pursue an initial production quantity of up to eight ships under a two-lead-ship strategy.\nThe Congress continued its support of the program by fully funding the Navys 2006 DD(X) budget requirements.\nRecognizing the long-term value of two surface-combatant builders to the Navy, the Congress stipulated that the ships be procured at two separate shipyards.\nMarine Systems leads one of two industry teams competitively awarded contracts for the design and construction of the Navys Littoral Combat Ship (LCS), a key element of the Navys plan to address asymmetric maritime threats.\nAs part of the groups industry team, the Information Systems and Technology group is developing the ships core computing infrastructure and electronics.\nThe teams first high-speed LCS trimaran is now under construction at a teammates Alabama facility.\nDelivery to the Navy is scheduled for October 2007.\nThe multi-mission LCS platform is intended for defense against terrorist swarm boats, mines and submarine threats in coastal areas.\nThe groups auxiliary ships support the U. S.  militarys forward presence and combat operations by delivering essential military equipment, ammunition, food, fuel, parts and supplies to U. S.  forces around the world.\nIn support of the Navys global logistics requirements, Marine Systems is leading the innovation of at-sea replenishment through the design and construction of the Lewis and Clark-class (T-AKE) dry cargo/ammunition ship.\nThe first new Navy combat-logistics ship design in almost 20 years, T-AKE is optimized for efficient cargo transfer and is the first modern Navy ship to incorporate proven commercial marine technologies, such as integrated electric-drive propulsion.\nIntegrated electric-drive propulsion is designed to minimize T-AKE operations and maintenance costs over an expected 40-year life.\nIn May, the group launched the first T-AKE, which is scheduled for delivery to the Navy in mid-2006.\nThe group also designs and manufactures commercial ships, including double-hull oil tankers.\nThe company delivered the third tanker in a fourship contract to its customer in November, and the fourth tanker is scheduled for completion in 2006.\nIn addition, the Marine Systems group provides ship and submarine repair and other comprehensive support services to the Navy and commercial customers in a variety of locations throughout the United States and around the globe.\nInternationally, the group provides key U. S.  allies essential program management, planning and design support for submarine and surface-ship construction programs.\nNet sales for the Marine Systems group were 22 percent of the companys consolidated net sales in 2005, 25 percent in 2004 and 26 percent in 2003.\nNet sales by major products and services were as follows:"}
{"_id": "d8bfe61e2", "title": "", "text": "| Year Ended December 31, | 2007 | (in thousands) | Interest expense, net | Capitalized interest | Year Ended December 31, | 2007 | Electricity sales (in thousands) | Electricity generation expense (in thousands) | Operating income (in thousands) | Power generation (MW) | Average power price ($/Kwh) |"}
{"_id": "d8805f0d2", "title": "", "text": "| Investment Groups Asset Allocation Ranges | U.S. equity securities | Non-U.S. equity securities | Debt securities | Cash | Other |"}
{"_id": "d88dcb7de", "title": "", "text": "In 2002, we produced about 1.4 million tons of kraft linerboard at our mills located in Counce, Tennessee and Valdosta, Georgia.\nWe also produced about 0.8 million tons of semi-chemical corrugating medium at our mills located in Tomahawk, Wisconsin and Filer City, Michigan.\nWe currently lease the cutting rights to approximately 140,000 acres of timberland located near our Counce and Valdosta mills.\nWe also have supply agreements on about 600,000 of the 800,000 acres of timberland we sold during 1999 and 2000.\nOur converting operations produce a wide variety of corrugated packaging products, including conventional shipping containers used to protect and transport manufactured goods.\nWe also produce multi-color boxes and displays with strong visual appeal that help to merchandise the packaged product in retail locations.\nFinally, we are a large producer of meat boxes and wax-coated boxes for the agricultural industry."}
{"_id": "d873acbf0", "title": "", "text": "| ($ in millions) 2008 2007 2006 | Common stock, retained income and other shareholders' equity items | Accumulated other comprehensive income | Total shareholders' equity | Debt | Total capital resources | Ratio of debt to shareholders' equity | Ratio of debt to capital resources |"}
{"_id": "d86400cb0", "title": "", "text": "Core Net Interest Income  Managed Basis We manage core net interest income  managed basis, which adjusts reported net interest income on a FTE basis for the impact of marketbased activities and certain securitizations, net of retained securities.\nAs discussed in the Global Markets business segment section beginning on page 47, we evaluate our market-based results and strategies on a total market-based revenue approach by combining net interest income and noninterest income for Global Markets.\nWe also adjust for loans that we originated and subsequently sold into credit card securitizations.\nNoninterest income, rather than net interest income and provision for credit losses, is recorded for assets that have been securitized as we are compensated for servicing the securitized assets and record servicing income and gains or losses on securitizations, where appropriate.\nWe believe the use of this non-GAAP presentation provides additional clarity in managing our results.\nAn analysis of core net interest income  managed basis, core average earning assets  managed basis and core net interest yield on earning assets  managed basis, which adjust for the impact of these two non-core items from reported net interest income on a FTE basis, is shown below.\nCore net interest income on a managed basis increased $2.3 billion to $52.8 billion for 2009 compared to 2008.\nThe increase was driven by the favorable interest rate environment and the acquisitions of Merrill Lynch and Countrywide.\nThese items were partially offset by the impact of deleveraging the ALM portfolio earlier in 2009, lower consumer loan levels and the adverse impact of our nonperforming loans.\nFor more information on our nonperforming loans, see Credit Risk Management on page 66.\nOn a managed basis, core average earning assets increased $130.1 billion to $1.4 trillion for 2009 compared to 2008 primarily due to the acquisitions of Merrill Lynch and Countrywide partially offset by lower loan levels and earlier deleveraging of the AFS debt securities portfolio.\nCore net interest yield on a managed basis decreased 19 bps to 3.69 percent for 2009 compared to 2008, primarily due to the addition of lower yielding assets from the Merrill Lynch and Countrywide acquisitions, reduced consumer loan levels and the impact of deleveraging the ALM portfolio earlier in 2009 partially offset by the favorable interest rate environment."}
{"_id": "d86edff8c", "title": "", "text": "| 2012 2011 Percent Increase (Decrease) | (In millions) | Mainline passenger | Regional passenger | Cargo | Other | Total operating revenues | Year Ended December 31, | 2015 | (In millions) | Operating income (loss) – GAAP | Operating special items, net -1 | Operating income (loss) excluding special items | Net income (loss) – GAAP | Operating special items, net -1 | Nonoperating special items, net -2 | Reorganization items, net -3 | Income tax special items -4 | Net income (loss) excluding special items |"}
{"_id": "d8d27b30c", "title": "", "text": "Notes to Consolidated Financial Statements Sumitomo Mitsui Financial Group, Inc.  (SMFG) provides the firm with credit loss protection on certain approved loan commitments (primarily investment-grade commercial lending commitments).\nThe notional amount of such loan commitments was $27.51 billion and $29.24 billion as of December 2014 and December 2013, respectively.\nThe credit loss protection on loan commitments provided by SMFG is generally limited to 95% of the first loss the firm realizes on such commitments, up to a maximum of approximately $950 million.\nIn addition, subject to the satisfaction of certain conditions, upon the firm’s request, SMFG will provide protection for 70% of additional losses on such commitments, up to a maximum of $1.13 billion, of which $768 million and $870 million of protection had been provided as of December 2014 and December 2013, respectively.\nThe firm also uses other financial instruments to mitigate credit risks related to certain commitments not covered by SMFG.\nThese instruments primarily include credit default swaps that reference the same or similar underlying instrument or entity, or credit default swaps that reference a market index.\nWarehouse Financing.\nThe firm provides financing to clients who warehouse financial assets.\nThese arrangements are secured by the warehoused assets, primarily consisting of corporate loans and commercial mortgage loans.\nContingent and Forward Starting Resale and Securities Borrowing Agreements/Forward Starting Repurchase and Secured Lending Agreements The firm enters into resale and securities borrowing agreements and repurchase and secured lending agreements that settle at a future date, generally within three business days.\nThe firm also enters into commitments to provide contingent financing to its clients and counterparties through resale agreements.\nThe firm’s funding of these commitments depends on the satisfaction of all contractual conditions to the resale agreement and these commitments can expire unused.\nLetters of Credit The firm has commitments under letters of credit issued by various banks which the firm provides to counterparties in lieu of securities or cash to satisfy various collateral and margin deposit requirements.\nInvestment Commitments The firm’s investment commitments of $5.16 billion and $7.12 billion as of December 2014 and December 2013, respectively, include commitments to invest in private equity, real estate and other assets directly and through funds that the firm raises and manages.\nOf these amounts, $2.87 billion and $5.48 billion as of December 2014 and December 2013, respectively, relate to commitments to invest in funds managed by the firm.\nIf these commitments are called, they would be funded at market value on the date of investment.\nLeases The firm has contractual obligations under long-term noncancelable lease agreements, principally for office space, expiring on various dates through 2069.\nCertain agreements are subject to periodic escalation provisions for increases in real estate taxes and other charges.\nThe table below presents future minimum rental payments, net of minimum sublease rentals."}
{"_id": "d8e3eb88a", "title": "", "text": "| Issue Date Face Value  (in millions) Interest Rate Maturity Date | January 14, 2010 | January 14, 2010 | June 21, 2010 | June 21, 2010 | November 18, 2010 | November 18, 2010 |"}
{"_id": "d8bf0d5fe", "title": "", "text": "| As of and for the Year Ended December 31, | (dollars in millions) | Reserve for Unfunded Lending Commitments—Beginning | Provision for unfunded lending commitments | Reserve for unfunded lending commitments—ending | Total Allowance for Credit Losses—Ending |"}
{"_id": "d8200a7ae", "title": "", "text": "We review external data and our own historical trends for health care costs to determine the health care cost trend rate assumptions.\nThe Company’s U. S.  postretirement benefit plans are primarily defined dollar benefit plans that limit the effects of medical inflation because the plans have established dollar limits for determining our contributions.\nAs a result, the effect of a 1 percentage point change in the assumed health care cost trend rate would not be significant to the Company."}
{"_id": "d824b7e00", "title": "", "text": "| AS OF AND FOR THE YEARS ENDED DECEMBER 31, 2002 2001 2000 | Revenues | Operating Income | Net Income | Current Assets | Noncurrent Assets | Current Liabilities | Noncurrent Liabilities | Stockholder's Equity |"}
{"_id": "d87d41882", "title": "", "text": "Our losses from future catastrophic events could exceed our projections.\nWe use projections of possible losses from future catastrophic events of varying types and magnitudes as a strategic underwriting tool.\nWe use these loss projections to estimate our potential catastrophe losses in certain geographic areas and decide on the placement of retrocessional coverage or other actions to limit the extent of potential losses in a given geographic area.\nThese loss projections are approximations, reliant on a mix of quantitative and qualitative processes, and actual losses may exceed the projections by a material amount, resulting in a material adverse effect on our financial condition and results of operations."}
{"_id": "d81d4e1fa", "title": "", "text": "The above table reflects the total estimated future benefits to be paid from the plan, including both our share of the benefit cost and the participants’ share of the cost, which is funded by their contributions to the plan.\nThe assumptions used in calculating the estimated future benefit payments are the same as those used to measure the benefit obligation for the year ended December 31, 2009.\nThe information that follows shows supplemental information for our defined benefit pension plans.\nCertain key summary data is shown separately for qualified and non-qualified plans."}
{"_id": "d883cac4e", "title": "", "text": "| December 31, Credit exposure Nonperforming(c) | (in millions) | Loans retained | Loans held-for-sale | Loans at fair value | Loans – reported | Derivative receivables | Receivables from customers and other(a) | Total wholesale credit-related assets | Lending-related commitments | Total wholesale credit exposure | Credit derivatives usedin credit portfolio management activities(b) | Liquid securities and other cash collateral held against derivatives |"}
{"_id": "d8805f050", "title": "", "text": "| Defined Benefit Pension Plans Retiree Medical and LifeInsurance Plans | 2006 | Asset category: | Equity securities | Debt securities | Other | 100% |"}
{"_id": "d88916be4", "title": "", "text": "Item 3.\nLegal Proceedings.\nSee Note 18, Commitments and Contingencies, in Item 8, Financial Statements and Supplementary Data."}
{"_id": "d8f415a76", "title": "", "text": "coupons and expected maturity values of individually selected bonds.\nThe yield curve was developed for a universe containing the majority of U. S. -issued AA-graded corporate bonds, all of which were non callable (or callable with make-whole provisions).\nHistorically, for each plan, the discount rate was developed as the level equivalent rate that would produce the same present value as that using spot rates aligned with the projected benefit payments.\nThe expected long-term rate of return on plan assets is based on historical and projected rates of return, prior to administrative and investment management fees, for current and planned asset classes in the plans investment portfolios.\nAssumed projected rates of return for each of the plans projected asset classes were selected after analyzing historical experience and future expectations of the returns and volatility of the various asset classes.\nBased on the target asset allocation for each asset class, the overall expected rate of return for the portfolio was developed, adjusted for historical and expected experience of active portfolio management results compared to the benchmark returns and for the effect of expenses paid from plan assets.\nThe Companys pension expense increases as the expected return on assets decreases.\nAssumed health care cost trend rates have a significant effect on the amounts reported for the other postretirement benefit plans.\nThe health care cost trend rate is based on historical rates and expected market conditions.\nA one-percentage-point change in assumed health care cost trend rates would have the following effects:"}
{"_id": "d8f6b5aba", "title": "", "text": "| Years ended December 31, | Cash Flow Data | Net income, adjusted to reconcile to net cash provided by operating activities1 | Net cash (used in) provided by working capital2 | Changes in other non-current assets and liabilities | Net cash provided by operating activities | Net cash used in investing activities | Net cash provided by (used in) financing activities |"}
{"_id": "d8d91e3f8", "title": "", "text": "| Component Changes in Multi-Asset Class AUM | (in millions) | Asset allocation and balanced | Target date/risk | Fiduciary | Multi-asset |"}
{"_id": "d87f3c4ca", "title": "", "text": "Unless otherwise stated, all amounts are net of income tax.\nDuring the year ended December 31, 2009, MetLife’s income (loss) from continuing operations, net of income tax decreased $5.8 billion to a loss of $2.3 billion from income of $3.5 billion in the comparable 2008 period.\nThe year over year change is predominantly due to a $5.2 billion unfavorable change in net investment gains (losses) to losses of $4.6 billion, net of related adjustments, in 2009 from gains of $644 million, net of related adjustments, in 2008.\nWe manage our investment portfolio using disciplined Asset/Liability Management principles, focusing on cash flow and duration to support our current and future liabilities.\nOur intent is to match the timing and amount of liability cash outflows with invested assets that have cash inflows of comparable timing and amount, while optimizing, net of income tax, risk-adjusted net investment income and risk-adjusted total return.\nOur investment portfolio is heavily weighted toward fixed income investments, with over 80% of our portfolio invested in fixed maturity securities and mortgage loans.\nThese securities and loans have varying maturities and other characteristics which cause them to be generally well suited for matching the cash flow and duration of insurance liabilities.\nOther invested asset classes including, but not limited to equity securities, other limited partnership interests and real estate and real estate joint ventures provide additional diversification and opportunity for long term yield enhancement in addition to supporting the cash flow and duration objectives of our investment portfolio.\nWe also use derivatives as an integral part of our management of the investment portfolio to hedge certain risks, including changes in interest rates, foreign currencies, credit spreads and equity market levels.\nAdditional considerations for our investment portfolio include current and expected market conditions and expectations for changes within our unique mix of products and business segments."}
{"_id": "d8871db08", "title": "", "text": "| Years DomesticPension Plan ForeignPension Plans Domestic PostretirementBenefit Plan | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 - 2028 | Percentage Increase (Decrease) from | 2005  (Dollars in  millions) | NOW accounts | Savings deposits | Time deposits under $100,000 | Noninterest-bearing deposits | Total | Effects on Pre-tax Income Resulting from Reserves Re-estimates | (Dollars in millions) | Accident Years | 2004 and prior | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | Total calendar year effect | Canada-1 | Translation adjustment | Re-estimate of net reserve after translation adjustment | -1 | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d811144b6", "title": "", "text": "a.\nRevisions to cash flow estimates were primarily related to updated closure plans that included revised cost estimates and accelerated timing of certain closure activities.\nARO costs may increase or decrease significantly in the future as a result of changes in regulations, changes in engineering designs and technology, permit modifications or updates, changes in mine plans, inflation or other factors and as actual reclamation spending occurs.\nARO activities and expenditures generally are made over an extended period of time commencing near the end of the mine life; however, certain reclamation activities may be accelerated if legally required or if determined to be economically beneficial.\nLegal requirements in New Mexico, Arizona, Colorado and other states require financial assurance to be provided for the estimated costs of reclamation and closure, including groundwater quality protection programs.\nFCX has satisfied financial assurance requirements by using a variety of mechanisms, such as performance guarantees, financial capability demonstrations, trust funds, surety bonds, letters of credit and collateral.\nThe applicable regulations specify financial strength tests that are designed to confirm a companys or guarantors financial capability to fund estimated reclamation and closure costs.\nThe amount of financial assurance FCX is required to provide will vary with changes in laws, regulations and reclamation and closure requirements, and cost estimates.\nAt December 31, 2012, FCXs financial assurance obligations associated with these closure and reclamation costs totaled $970 million, of which $601 million was in the form of guarantees issued by FCX and financial capability demonstrations.\nAt December 31, 2012, FCX had trust assets totaling $161 million (included in other assets), which are legally restricted to fund a portion of its AROs for properties in New Mexico as required by New Mexico regulatory authorities.\nNew Mexico Environmental and Reclamation Programs.\nFCXs New Mexico operations are regulated under the New Mexico Water Quality Act and regulations adopted under that act by the Water Quality Control Commission (WQCC).\nThe New Mexico Environment Department (NMED) has required each of these operations to submit closure plans for NMEDs approval.\nThe closure plans must include measures to assure meeting groundwater quality standards following the closure of discharging facilities and to abate any groundwater or surface water contamination.\nIn March 2009, the Tyrone operation appealed the WQCC Final Order, dated February 4, 2009, regarding location of the places of withdrawal of water, a legal criterion used to determine where groundwater quality standards must be met at FCXs New Mexico mining sites.\nIn December 2010, FCX's Tyrone mine entered into a settlement agreement with NMED that calls for a stay of the appeal while NMED and the WQCC complete several administrative actions, including renewal of Tyrones closure permit consistent with the terms of the settlement, review and approval of a groundwater abatement plan and adoption of alternative abatement standards, and adoption of new groundwater discharge permit rules for copper mines.\nIf the administrative actions are concluded consistent with the terms of the settlement agreement within the period of the stay, then Tyrone will move to dismiss the appeal.\nIn December 2012, Tyrone and NMED agreed to extend the period to conclude the administrative actions through December 31, 2013.\nThe Court of Appeals also extended the stay for another year.\nFinalized closure plan requirements, including those resulting from the actions to be taken under the settlement agreement, could result in increases in closure costs for FCX's New Mexico operations.\nFCXs New Mexico operations also are subject to regulation under the 1993 New Mexico Mining Act (the Mining Act) and the related rules that are administered by the Mining and Minerals Division (MMD) of the New Mexico Energy, Minerals and Natural Resources Department.\nUnder the Mining Act, mines are required to obtain approval of plans describing the reclamation to be performed following cessation of mining operations.\nAt December 31, 2012, FCX had accrued reclamation and closure"}
{"_id": "d83b5a13a", "title": "", "text": "As of September 30, 2009, RJ Bank had commitments to lend $5.2 million to borrowers whose loans were classified as nonperforming"}
{"_id": "d8366a292", "title": "", "text": "| Actual Ratio Actual Amount Minimum Ratio Minimum Capital Requirement | (Dollars in thousands) | As of December 31, 2003: | Total risk-based capital ratio | Company | Bank | Tier 1 risk-based capital ratio | Company | Bank | Tier 1 leverage ratio | Company | Bank | As of December 31, 2002: | Total risk-based capital ratio | Company | Bank | Tier 1 risk-based capital ratio | Company | Bank | Tier 1 leverage ratio | Company | Bank |"}
{"_id": "d86bb7288", "title": "", "text": "| Change | 2005 | (in thousands) | IBNR-1 | Reported claims in process-2 | Other medical expenses payable-3 | Total medical and other expenses payable | Reconciliation to cash flow statement: | Medical and other expenses payable from acquisition | Change in medical and other expenses payable in cash flow statement |"}
{"_id": "d85efc944", "title": "", "text": "| Year Ended December 31, 2016 | PFI ExcludingClosed Block Division | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial mortgage and other loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Investment income after investment expenses | Investment results of other entities and operations-2 | Total investment income |"}
{"_id": "d8e84aa66", "title": "", "text": "| For the Years Ended December 31, | 2018 | (Dollars in millions) | Operating revenues | Operation and maintenance | Depreciation and amortization | General taxes | (Gain) on asset dispositions and purchases | Interest, net | Other income (expenses) | Income before income taxes | Provision for income taxes | Net income attributable to common shareholders |"}
{"_id": "d8c07e38e", "title": "", "text": "COMMITMENTS AND CONTINGENCIES Legal Proceedings As of December?31, 2017, the Company and the Operating Partnership were not involved in any material litigation nor, to managements knowledge, was any material litigation threatened against us or our portfolio which if adversely determined could have a material adverse impact on us.\nEnvironmental Matters Our management believes that the properties are in compliance in all material respects with applicable Federal, state and local ordinances and regulations regarding environmental issues.\nManagement is not aware of any environmental liability that it believes would have a materially adverse impact on our financial position, results of operations or cash flows.\nManagement is unaware of any instances in which it would incur significant environmental cost if any of our properties were sold.\nEmployment Agreements We have entered into employment agreements with certain executives, which expire between December?2018 and February?2020.\nThe minimum cash-based compensation, including base salary and guaranteed bonus payments, associated with these employment agreements total $5.4?million for 2018.\nIn addition these employment agreements provide for deferred compensation awards based on our stock price and which were valued at $1.6?million on the grant date.\nThe value of these awards may change based on fluctuations in our stock price.\nInsurance We maintain all-risk property and rental value coverage (including coverage regarding the perils of flood, earthquake and terrorism, excluding nuclear, biological, chemical, and radiological terrorism (NBCR)), within three property insurance programs and liability insurance.\nSeparate property and liability coverage may be purchased on a stand-alone basis for certain assets, such as the development of One Vanderbilt.\nAdditionally, our captive insurance company, Belmont Insurance Company, or Belmont, provides coverage for NBCR terrorist acts above a specified trigger, although if Belmont is required to pay a claim under our insurance policies, we would ultimately record the loss to the extent of Belmonts required payment.\nHowever, there is no assurance that in the future we will be able to procure coverage at a reasonable cost.\nFurther, if we experience losses that are uninsured or that exceed policy limits, we could lose the capital invested in the damaged properties as well as the anticipated future cash flows from those"}
{"_id": "d8a5108a4", "title": "", "text": "| Qualified Defined Benefit  Pension Plans Retiree Medical and Life Insurance Plans | 2015 | Change in benefit obligation | Beginning balance | Service cost | Interest cost | Benefits paid(a) | Actuarial losses (gains) | New longevity assumptions | Plan amendments and acquisitions(b) | Medicare Part D subsidy | Participants’ contributions | Ending balance | Change in plan assets | Beginning balance at fair value | Actual return on plan assets | Benefits paid(a) | Company contributions | Medicare Part D subsidy | Participants’ contributions | Ending balance at fair value | Unfunded status of the plans |"}
{"_id": "d8dc39f74", "title": "", "text": "Managements Discussion and Analysis of Financial Condition and Results of Operations  (Continued) (Amounts in Millions, Except Per Share Amounts) As discussed below, we took measures in 2009 to extend our debt maturities.\nFrom time to time we evaluate market conditions and financing alternatives for opportunities to raise additional financing or otherwise improve our liquidity profile and enhance our financial flexibility.\nOur ability to access the capital markets depends on a number of factors, which include those specific to us, such as our credit rating, and those related to the capital markets, such as the amount or terms of available credit.\nShould we access the capital markets, there can be no guarantee that we would be able to access new sources of liquidity on commercially reasonable terms.\nFunding Requirements Our most significant funding requirements include: our operations, non-cancelable operating lease obligations, acquisitions, capital expenditures, debt service, preferred stock dividends, contributions to pension and postretirement plans and taxes.\nAdditionally, we may be required to make payments to minority owners if put options related to prior acquisitions are exercised.\nIn any twelve-month period, we maintain substantial flexibility over certain significant uses of cash, including our capital expenditures and cash used for new acquisitions.\nNotable funding requirements include: ?\nDebt service  The remaining $213.7 aggregate principal amount of our 2010 Notes matures on November 15, 2010.\nWe expect to use available cash to reduce our debt in 2010.\nThe remainder of our debt is primarily longterm, with maturities scheduled from 2011 to 2023.\nSee table below for the maturity schedule of our long-term debt.  ?\nAcquisitions  During 2009 we paid approximately $66.0 of deferred payments related to acquisitions completed in previous years.\nWe expect to continue to evaluate strategic opportunities to grow and to increase our ownership interests in current investments, particularly in our digital and marketing services offerings, and to expand our presence in high-growth markets.  ?\nContributions to pension and postretirement plans  Our funding policy regarding our pension plan is to contribute amounts necessary to satisfy minimum pension funding requirements, plus such additional amounts as we consider appropriate to improve the plans funded status.\nDuring 2009, we contributed $31.9 to our foreign pension plans and contributions to the domestic pension plan were negligible.\nFor 2010, we expect to contribute $25.2 to our foreign pension plans and $9.2 to our domestic pension plans.\nA significant portion of our contributions to the foreign pension plans relate to the Interpublic Pension Plan in the U. K.  (the U. K.  Pension Plan).\nAdditionally, we are in the process of modifying the schedule of employer contributions for the U. K.  Pension Plan and we expect to finalize this during 2010.\nAs a result, we expect our contributions to our foreign pension plans to increase from current levels in 2010 and subsequent years.  ?\nPreferred stock dividends  We pay regular quarterly dividends on our Series B Preferred Stock of $6.9, or $27.6 annually.\nThe following summarizes our estimated contractual cash obligations and commitments as of December 31, 2009 and their effect on our liquidity and cash flow in future periods."}
{"_id": "d8c408374", "title": "", "text": "| Years Ended December 31, | 2010 | (In millions) | Income (loss) from continuing operations, net of income tax | Less: Net investment gains (losses) | Less: Net derivative gains (losses) | Less: Adjustments to continuing operations -1 | Less: Provision for income tax (expense) benefit | Operating earnings | Less: Preferred stock dividends | Operating earnings available to common shareholders |"}
{"_id": "d8b05412a", "title": "", "text": "Recurring Fair Value Measurements In accordance with accounting principles generally accepted in the United States, certain assets and liabilities are required to be recorded at fair value on a recurring basis.\nFor our Company, the only assets and liabilities that are adjusted to fair value on a recurring basis are investments in equity and debt securities classified as trading or available-for-sale and derivative financial instruments.\nAdditionally, the Company adjusts the carrying value of certain long-term debt as a result of the Companys fair value hedging strategy.\nInvestments in Trading and Available-for-Sale Securities The fair values of our investments in trading and available-for-sale securities using quoted market prices from daily exchange traded markets are based on the closing price as of the balance sheet date and are classified as Level 1.\nThe fair values of our investments in trading and available-for-sale securities classified as Level 2 are priced using quoted market prices for similar instruments or nonbinding market prices that are corroborated by observable market data.\nInputs into these valuation techniques include actual trade data, benchmark yields, broker/dealer quotes and other similar data.\nThese inputs are obtained from quoted market prices, independent pricing vendors or other sources.\nDerivative Financial Instruments The fair values of our futures contracts are primarily determined using quoted contract prices on futures exchange markets.\nThe fair values of these instruments are based on the closing contract price as of the balance sheet date and are classified as Level 1.\nThe fair values of our derivative instruments other than futures are determined using standard valuation models.\nThe significant inputs used in these models are readily available in public markets, or can be derived from observable market transactions, and therefore have been classified as Level 2.\nInputs used in these standard valuation models for derivative instruments other than futures include the applicable exchange rates, forward rates, interest rates, discount rates and commodity prices.\nThe standard valuation model for options also uses implied volatility as an additional input.\nThe discount rates are based on the historical U. S.  Deposit or U. S.  Treasury rates, and the implied volatility specific to options is based on quoted rates from financial institutions.\nIncluded in the fair value of derivative instruments is an adjustment for nonperformance risk.\nThe adjustment is based on current credit default swap (CDS) rates applied to each contract, by counterparty.\nWe use our counterpartys CDS rate when we are in an asset position and our own CDS rate when we are in a liability position.\nThe adjustment for nonperformance risk did not have a significant impact on the estimated fair value of our derivative instruments."}
{"_id": "d8e7d76a6", "title": "", "text": "Debt and Capital 6.75% Notes In June 2008, we sold $500 million principal amount of notes due July 15, 2013 (Notes).\nThe Notes bear interest at a fixed rate of 6.75% per year, payable semiannually on January 15 and July 15, beginning January 15, 2009.\nThe interest payable on the Notes is subject to adjustment if either Moodys Investors Service, Inc.  or Standard & Poors Ratings Services downgrades to below investment grade the rating assigned to the Notes.\nNet proceeds from the sale of the Notes were $496 million, after an initial issuance discount of approximately $1 million and other transaction costs.\nWe may redeem some or all of the Notes at any time, at a price equal to 100% of the principal amount of the Notes redeemed plus accrued and unpaid interest to the redemption date and an applicable make-whole amount as described in the indenture relating to the Notes.\nThe Notes are unsecured and unsubordinated obligations and rank equally with all of our other unsecured and unsubordinated debt.\nThe Notes contain covenants that, among other things, limit our ability and the ability of our North American subsidiaries to incur debt secured by liens, enter into sale and lease-back transactions and, in the case of such subsidiaries, incur debt."}
{"_id": "d827f3cd6", "title": "", "text": "Contingent Obligations We have significant contingent obligations that arise in the ordinary course of business, which include the following: Legal Various legal proceedings, claims and investigations are pending against us.\nLegal contingencies are discussed in Note 20 to our Consolidated Financial Statements.\nEnvironmental Remediation We are involved with various environmental remediation activities and have recorded a liability of $524 million at December 31, 2017.\nFor additional information, see Note 11 to our Consolidated Financial Statements.\nOff-Balance Sheet Arrangements We are a party to certain off-balance sheet arrangements including certain guarantees.\nFor discussion of these arrangements, see Note 12 to our Consolidated Financial Statements."}
{"_id": "d874450e4", "title": "", "text": "Net sales of the Retail segment grew to $1.185 billion during 2004 from $621 million and $283 million, in 2003 and 2002, respectively.\nThe increases in net sales during both 2004 and 2003 reflect the impact of new store openings for each fiscal year, including the opening of 21 new stores in 2004 and 25 new stores in 2003.\nAn increase in average revenue per store also contributed to the segments strong sales in fiscal 2004.\nWith an average of 76 stores open during 2004, the Retail segment achieved annualized revenue per store of approximately $15.6 million, as compared to $11.5 million in 2003 with a 54 store average and $10.2 million in 2002 with a 28 store average.\nAs measured by the Companys operating segment reporting, the Retail segment reported profit of $39 million during fiscal 2004 as compared to losses of $5 million and $22 million during 2003 and 2002, respectively.\nThis improvement is primarily attributable to the segments year-over-year increase in average quarterly revenue per store, the impact of opening new stores, and the segments year-over-year increase in net sales, which resulted in higher leverage on occupancy, depreciation and other fixed costs.\nExpansion of the Retail segment has required and will continue to require a substantial investment in fixed assets and related infrastructure, operating lease commitments, personnel, and other operating expenses.\nCapital expenditures associated with the Retail segment were $104 million in fiscal 2004, bringing the total capital expenditures since inception of the Retail segment to approximately $394 million.\nAs of September 25, 2004, the Retail segment had approximately 2,100 employees and had outstanding operating lease commitments associated with retail store space and related facilities of approximately $436 million.\nThe Company would incur substantial costs should it choose to terminate its Retail segment or close individual stores.\nSuch costs could adversely affect the Companys results of operations and financial condition."}
{"_id": "d8a87830c", "title": "", "text": "| 2009 2008 | Acquired rights to use technology | Investments | Security and other deposits | Prepaid royalties | Deferred compensation plan assets | Restricted cash | Prepaid land lease | Prepaid rent | Other | Other assets |"}
{"_id": "d8e3bfd0c", "title": "", "text": "| 2013 2012 | At December 31,(in millions) | Liability for unpaid claims and claims adjustment expense(a) | Future policy benefits for life and accident and health insurance contracts | Reserve for unearned premiums | Reinsurance assets(b) |"}
{"_id": "d870c57ca", "title": "", "text": "| Year Ended December 31, | 2015 | Nonqualified ordinary dividends | Qualified ordinary dividends | Return of capital | 100.0% |"}
{"_id": "d8ec03dec", "title": "", "text": "| Year-over-Year Change | (dollars in millions) | Net cash provided by operating activities | Net cash used in investing activities | Net cash used in financing activities |"}
{"_id": "d86887176", "title": "", "text": "| Year Ended December 31 | $ in millions | Sales | Operating income | Operating margin rate |"}
{"_id": "d8cef8324", "title": "", "text": "| In millions December 31 2018 December 312017 | Commitments to extend credit | Total commercial lending | Home equity lines of credit | Credit card | Other | Total commitments to extend credit | Net outstanding standby letters of credit (a) | Reinsurance agreements (b) | Standby bond purchase agreements (c) | Other commitments (d) | Total commitments to extend credit and other commitments | December 31, 2018 | Dollars in millions | Geography | California | Florida | Maryland | Virginia | Texas | Illinois | Pennsylvania | New York | Ohio | North Carolina | All other states | Total commercial real estate loans | Property Type | Multifamily | Office | Retail | Hotel/Motel | Industrial/Warehouse | Senior Housing | Mixed Use | Other | Total commercial real estate loans |"}
{"_id": "d8b4b947c", "title": "", "text": "| Year Ended December 31, | 2011 | $ | (In millions, except percentages) | North America | Europe and Africa | Asia-Pacific | South America | Total |"}
{"_id": "d88a710a2", "title": "", "text": "| Advanced Engineered Materials Consumer Specialties Industrial Specialties Acetyl Intermediates Other Activities Eliminations Consolidated | (In $ millions) | Year ended December 31, 2010 | Net sales | Other (charges) gains, net | Equity in net earnings (loss) of affiliates | Earnings (loss) from continuing operations before tax | Depreciation and amortization | Capital expenditures | Goodwill and intangible assets, net | Total assets | Year ended December 31, 2009 - As Adjusted (Note 4) | Net sales | Other (charges) gains, net | Equity in net earnings (loss) of affiliates | Earnings (loss) from continuing operations before tax | Depreciation and amortization | Capital expenditures | Goodwill and intangible assets, net | Total assets | Year ended December 31, 2008 - As Adjusted (Note 4) | Net sales | Other (charges) gains, net | Equity in net earnings (loss) of affiliates | Earnings (loss) from continuing operations before tax | Depreciation and amortization | Capital expenditures |"}
{"_id": "d8b024920", "title": "", "text": "| At July 31, 2017 At July 31, 2016 | (In millions) | Assets: | Cash equivalents, primarily money market funds and time deposits | Available-for-sale debt securities: | Municipal bonds | Municipal auction rate securities | Corporate notes | U.S. agency securities | Total available-for-sale securities | Total assets measured at fair value on a recurring basis | Liabilities: | Senior notes-1 |"}
{"_id": "d8b024ad8", "title": "", "text": "credit facilities.\nAs such, our foreign cash and cash equivalents are not expected to be a key source of liquidity to our domestic operations.\nAt September 30, 2019, we had approximately $2.9 billion of availability under our committed credit facilities, primarily under our revolving credit facility, the majority of which matures on July 1, 2022.\nThis liquidity may be used to provide for ongoing working capital needs and for other general corporate purposes, including acquisitions, dividends and stock repurchases.\nCertain restrictive covenants govern our maximum availability under the credit facilities.\nWe test and report our compliance with these covenants as required and we were in compliance with all of these covenants at September 30, 2019.\nAt September 30, 2019, we had $129.8 million of outstanding letters of credit not drawn upon.\nCash and cash equivalents were $151.6 million at September 30, 2019 and $636.8 million at September 30, 2018.\nWe used a significant portion of the cash and cash equivalents on hand at September 30, 2018 in connection with the closing of the KapStone Acquisition.\nPrimarily all of the cash and cash equivalents at September 30, 2019 were held outside of the U. S.  At September 30, 2019, total debt was $10,063.4 million, $561.1 million of which was current.\nAt September 30, 2018, total debt was $6,415.2 million, $740.7 million of which was current.\nThe increase in debt was primarily related to the KapStone Acquisition."}
{"_id": "d8d914ab0", "title": "", "text": "Costs and Expenses Cost of Product Revenue Cost of product revenue for fiscal 2015 increased by $2.6 million, or 7%, to $39.9 million from $37.3 million for fiscal 2014.\nGross margin was 83% for fiscal 2015 and 80% for fiscal 2014.\nThe increase in cost of product revenues was related to increased Impella demand and higher production volume and costs to support growing demand for our Impella products.\nGross margin was impacted favorably by higher manufacturing production volume, fewer shipments of AIC consoles, improved efficiencies in manufacturing production and a favorable Euro in the second half of fiscal 2015 Research and Development Expenses Research and development expenses for fiscal 2015 increased by $5.3 million, or 17%, to $36.0 million from $30.7 million in fiscal 2014.\nThe increase in research and development expenses was primarily due to operating expenses associated with the ECP business in Berlin that we acquired in July 2014 and a $1.5 million up-front license payment made in April 2014 for optical sensor technology.\nSelling, General and Administrative Expenses Selling, general and administrative expenses for fiscal 2015 increased by $18.4 million, or 17%, to $125.7 million from $107.3 million in fiscal 2014.\nThe increase in selling, general and administrative expenses was primarily due to the hiring of additional U. S.  field sales and clinical personnel, increased spending on marketing initiatives as we continue to educate physicians on the benefits of hemodynamic support, higher stock-based compensation expense, higher excise taxes associated with the medical device tax in the U. S.  and legal and professional expenses related to the ECP acquisition.\nThese amounts were partially offset by lower legal expenses during fiscal 2015.\nIncome Tax Provision We recorded an income tax benefit of $84.9 million in fiscal 2015 compared to an income tax expense of $1.2 million in fiscal 2014.\nThe income tax benefit in fiscal 2015 was comprised of an $87.1 million deferred tax benefit primarily due to the release of our valuation allowance on certain of our deferred tax assets in the quarter ended March 31, 2015, partially offset by a current income tax provision of $2.2 million in U.\nS and Germany.\nThe income tax provision for fiscal 2014 was comprised of income taxes in Germany and income taxes related to the deferred tax liability associated with tax deductible goodwill.\nNet Income During fiscal 2015, we recognized net income of $113.7 million, or $2.80 per basic share and $2.65 per diluted share, compared to $7.4 million, or $0.19 per basic share and $0.18 per diluted share for fiscal 2014.\nOur net income for fiscal 2015 included an income tax benefit of $84.9 million, primarily due to the release of our valuation allowance on certain of our deferred tax assets.\nThe increase in net income in fiscal 2015 was also due to higher Impella product revenue in the U. S.  and Europe.\nLiquidity and Capital Resources At March 31, 2016, our total cash, cash equivalents, and short and long-term marketable securities totaled $213.1 million, an increase of $67.1 million compared to $146.0 million at March 31, 2015.\nThe increase in our cash, cash equivalents, and short and long-term marketable securities was due primarily to positive cash flows from operations in fiscal 2016.\nFollowing is a summary of our cash flow activities:"}
{"_id": "d86b2f7de", "title": "", "text": "Foreign Currency Exchange Rates In the fourth quarter of 2012, our Board of Directors authorized a project to construct new ammonia and urea/UAN plants at our Donaldsonville, Louisiana complex and new ammonia and urea plants at our Port Neal, Iowa complex.\nA portion of the capacity expansion project costs are euro-denominated.\nIn order to manage our exposure to changes in the euro to U. S.  dollar currency exchange rates, we have hedged our projected euro-denominated payments through the third quarter of 2016 using foreign currency forward contracts.\nAs of December 31, 2015 and 2014, the notional amount of our open foreign currency derivatives was €89.0 million and €209.0 million, respectively.\nNone of these open foreign currency derivatives were designated as hedging instruments for accounting purposes.\nDuring the year ended December 31, 2014, we reclassified a pre-tax gain of $2.8 million from accumulated other comprehensive income (AOCI) to income as a result of the discontinuance of certain foreign currency derivatives, which were originally designated as cash flow hedges.\nNo reclassification from AOCI to income occurred in 2015 or 2013.\nAs of December 31, 2015 and December 31, 2014, AOCI includes $7.4 million of pre-tax gains related to the foreign currency derivatives that were originally designated as cash flow hedges.\nThe hedges were de-designated as of December 31, 2013, and the remaining balance in AOCI will be reclassified into income over the depreciable lives of the property, plant and equipment associated with the capacity expansion projects.\nWe expect that the amounts to be reclassified within the next twelve months will be insignificant.\nSee Note 18¡ªStockholders' Equity, for further information.\nThe effect of derivatives in our consolidated statements of operations is shown in the tables below:"}
{"_id": "d81392e5e", "title": "", "text": "| Years Ended December 31, Percentage Change | (in millions) | Corporate and Other pre-tax operating loss: | Equity in pre-tax operating earnings of AerCap(a) | Fair value of PICC investments(b) | Income from other assets, net(c) | Corporate general operating expenses | Severance expense(d) | Interest expense |"}
{"_id": "d864b4ef4", "title": "", "text": "| Payments due by Period | At December 31, 2010(in millions) | Borrowings(a) | FRBNY Credit Facility(b) | Interest payments on borrowings | Loss Reserves | Insurance and investment contract liabilities | Aircraft purchase commitments | Operating leases | Other long-term obligations(c) | Total(d) |"}
{"_id": "d8ed4327a", "title": "", "text": "Commodity Price Risk We are exposed to fluctuations in commodity prices due to contractual agreements with component suppliers.\nIn order to protect ourselves against future price volatility and, consequently, fluctuations in gross margins, we periodically enter into commodity swap contracts with designated banks to fix the cost of certain raw material purchases with the objective of minimizing changes in inventory cost due to market price fluctuations.\nCertain commodity swap contracts are derivative contracts that are designated as cash flow hedges under GAAP.\nWe also have commodity swap contracts that represent an economic hedge, but are not designated for hedge accounting and are marked to market through earnings.\nFor those contracts that qualify for hedge accounting, the effective portion of the unrealized gain or loss is deferred and reported as a component of AOCL.\nWhen the hedged forecasted transaction (purchase) occurs, the unrealized gain or loss is reclassified into income in the same line item associated with the hedged transaction in the same period or periods during which the hedged transaction affects income.\nThe ineffective portion of the hedge, if any, is recognized in current income in the period in which the ineffectiveness occurs.\nAs of December 31, 2013, we expect to reclassify an unrealized net loss of $4 million from AOCL to income over the next year.\nOur internal policy allows for managing these cash flow hedges for up to three years."}
{"_id": "d8bbd0454", "title": "", "text": "| 2018 2017 | (in millions) | Individual annuities | Group annuities | Guaranteed investment contracts and guaranteed interest accounts | Funding agreements | Interest-sensitive life contracts | Dividend accumulation and other | Total policyholders’ account balances |"}
{"_id": "d88212b04", "title": "", "text": "| Operating rental properties $602,011 | Land held for development | Total real estate investments | Other assets | Lease related intangible assets | Goodwill | Total assets acquired | Debt assumed | Other liabilities assumed | Purchase price, net of assumed liabilities |"}
{"_id": "d860bbe56", "title": "", "text": "| Year ended December 31, | 2006 | (in millions) | Life insurance sales-1: | Excluding corporate-owned life insurance: | Variable life | Universal life | Term life | Total excluding corporate-owned life insurance | Corporate-owned life insurance | Total | Life insurance sales by distribution channel, excluding corporate-owned life insurance-1: | Prudential Agents | Third party | Total |"}
{"_id": "d8186bf20", "title": "", "text": "| Consolidated Performance Summary 2011 -1 2010 -2 2009 -3(4) | Revenue | Revenue gain % | Comparable store sales % (decline) gain | Gross profit as % of revenue-5 | SG&A as % of revenue-5 | Operating income | Operating income as % of revenue | Net earnings | Diluted earnings per share |"}
{"_id": "d8c85478e", "title": "", "text": "| Pension Benefits Other Benefits | (in thousands) | Change in benefit obligation | Benefit obligation at beginning of year | Service cost | Interest cost | Amendments | Plan participants’ contributions | Actuarial loss | Benefits paid | Benefit obligation at year-end | Change in plan assets | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contribution | Benefits paid | Fair value of plan assets at end of year | Funded status | Unrecognized net actuarial loss | Unrecognized prior service cost (benefit) | Unrecognized net transition obligation | Accrued benefit costs |"}
{"_id": "d855e72b4", "title": "", "text": "Strategy Our mission is to achieve sustainable revenue and earnings growth through providing superior solutions to our customers.\nOur strategy to achieve this has been and will continue to be built on the following pillars: ?\nExpand Client Relationships  The overall market we serve continues to gravitate beyond single-product purchases to multi-solution partnerships.\nAs the market dynamics shift, we expect our clients to rely more on our multidimensional service offerings.\nOur leveraged solutions and processing expertise can drive meaningful value and cost savings to our clients through more efficient operating processes, improved service quality and speed for our clients' customers.  ?\nBuy, Build or Partner to Add Solutions to Cross-Sell  We continue to invest in growth through internal product development, as well as through product-focused or market-centric acquisitions that complement and extend our existing capabilities and provide us with additional solutions to cross-sell.\nWe also partner from time to time with other entities to provide comprehensive offerings to our customers.\nBy investing in solution innovation and integration, we continue to expand our value proposition to clients.  ?\nSupport Our Clients Through Market Transformation  The changing market dynamics are transforming the way our clients operate, which is driving incremental demand for our leveraged solutions, consulting expertise, and services around intellectual property.\nOur depth of services capabilities enables us to become involved earlier in the planning and design process to assist our clients as they manage through these changes.  ?\nContinually Improve to Drive Margin Expansion  We strive to optimize our performance through investments in infrastructure enhancements and other measures that are designed to drive organic revenue growth and margin expansion.  ?\nBuild Global Diversification  We continue to deploy resources in emerging global markets where we expect to achieve meaningful scale."}
{"_id": "d8bba365c", "title": "", "text": "| December 31, 2014 December 31, 2013 | Remaining  Permitted  Capacity | Remaining cubic yards | Remaining tonnage |"}
{"_id": "d812433b4", "title": "", "text": "Operating revenues increased by 17.3% in the year ended December 31, 2011 to $4,092.2 million (year ended December 31, 2010: $3,487.7 million).\nNet revenues increased by 15.0% in in the year ended December 31, 2011 to $2,898.4 million (year ended December 31, 2010: $2,521.1 million).\nNet revenues are operating revenues less third-party distribution, service and advisory expenses, plus our proportional share of net revenues from joint venture arrangements, plus management and performance fees\nTable of Contents both probable and reasonably estimable.\nWe must from time to time make material estimates with respect to legal and other contingencies.\nThe nature of our business requires compliance with various state and federal statutes, as well as various contractual obligations, and exposes us to a variety of legal proceedings and matters in the ordinary course of business.\nWhile the outcomes of matters such as these are inherently uncertain and difficult to predict, we maintain reserves reflected in other current and other non-current liabilities, as appropriate, for identified losses that are, in our judgment, probable and reasonably estimable.\nManagement's judgment is based on the advice of legal counsel, ruling on various motions by the applicable court, review of the outcome of similar matters, if applicable, and review of guidance from state or federal agencies, if applicable.\nContingent consideration payable in relation to a business acquisition is recorded as of the acquisition date as part of the fair value transferred in exchange for the acquired business.\nRecent Accounting Standards See Item 8, Financial Statements and Supplementary Data - Note 1, “Accounting Policies - Accounting Pronouncements Recently Adopted and Pending Accounting Pronouncements.\n” Item 7A.\nQuantitative and Qualitative Disclosures About Market Risk In the normal course of its business, the company is primarily exposed to market risk in the form of securities market risk, interest rate risk, and foreign exchange rate risk.\nAUM Market Price Risk The company's investment management revenues are comprised of fees based on a percentage of the value of AUM.\nDeclines in equity or fixed income security market prices could cause revenues to decline because of lower investment management fees by: ?\nCausing the value of AUM to decrease.  ?\nCausing the returns realized on AUM to decrease (impacting performance fees).  ?\nCausing clients to withdraw funds in favor of investments in markets that they perceive to offer greater opportunity and that the company does not serve.  ?\nCausing clients to rebalance assets away from investments that the company manages into investments that the company does not manage.  ?\nCausing clients to reallocate assets away from products that earn higher revenues into products that earn lower revenues.\nUnderperformance of client accounts relative to competing products could exacerbate these factors.\nSecurities Market Risk The company has investments in sponsored investment products that invest in a variety of asset classes.\nInvestments are generally made to establish a track record or to hedge economically exposure to certain deferred compensation plans.\nThe company's exposure to market risk arises from its investments.\nThe following table summarizes the fair values of the investments exposed to market risk and provides a sensitivity analysis of the estimated fair values of those investments, assuming a 20% increase or decrease in fair values:"}
{"_id": "d8d33fbf8", "title": "", "text": "The Company had the following active stock option plans as of December 31, 2013: ?\nThe Coca-Cola Company 1999 Stock Option Plan (the ‘‘1999 Option Plan’’) was approved by shareowners in April 1999.\nUnder the 1999 Option Plan, a maximum of 240 million shares of our common stock was approved to be issued or transferred, through the grant of stock options, to certain officers and employees.  ?\nThe Coca-Cola Company 2002 Stock Option Plan (the ‘‘2002 Option Plan’’) was approved by shareowners in April 2002.\nAn amendment to the 2002 Option Plan which permitted the issuance of stock appreciation rights was approved by shareowners in April 2003.\nUnder the 2002 Option Plan, a maximum of 240 million shares of our common stock was approved to be issued or transferred, through the grant of stock options or stock appreciation rights, to certain officers and employees.\nNo stock appreciation rights have been issued under the 2002 Option Plan as of December 31, 2013.  ?\nThe Coca-Cola Company 2008 Stock Option Plan (the ‘‘2008 Option Plan’’) was approved by shareowners in April 2008.\nUnder the 2008 Option Plan, a maximum of 280 million shares of our common stock was approved to be issued or transferred to certain officers and employees pursuant to stock options granted under the 2008 Option Plan.  ?\nAs a result of our acquisition of CCE’s former North America business, the Company assumed certain stock-based compensation plans previously sponsored by CCE.\nShares from these plans remain available for future grant to current employees who were employees of CCE or its subsidiaries prior to the acquisition or who are hired by the Company or its subsidiaries following the acquisition.\nThe assumed Coca-Cola Enterprises Inc.  2001 Stock Option Plan, Coca-Cola Enterprises Inc.  2004 Stock Award Plan and Coca-Cola Enterprises Inc.  2007 Incentive Award Plan previously sponsored by CCE have approximately 29 million shares available for grant after conversion of CCE common stock into our common stock.\nThe Company has not granted any equity awards from the assumed plans.\nAs of December 31, 2013, there were 84 million shares available to be granted under the 1999 Option Plan, 2002 Option Plan and 2008 Option Plan.\nOptions to purchase common stock under all of these plans have generally been granted at the fair market value of the Company’s stock at the date of grant.\nStock option activity for all stock option plans for the year ended December 31, 2013, was as follows:"}
{"_id": "d8daf9d3a", "title": "", "text": "| Global Networks InternationalSubscribers(millions) Regional Networks InternationalSubscribers(millions) | Discovery Channel | Animal Planet | TLC, Real Time and Travel & Living | Discovery Science | Investigation Discovery | Discovery Home & Health | Turbo | Discovery World |"}
{"_id": "d893bfb72", "title": "", "text": "| (approximate amounts in thousands except per share data) 2007 | Net revenue | Net income | Net income per share—basic | Net income per share—assuming dilution |"}
{"_id": "d855e74b2", "title": "", "text": "| 2017 2016 2015 | (in millions, except %) | Weighted average assumptions used to determine net periodic benefit costs (income) | Discount rate for PBO | Discount rate for Service Cost | Discount rate for Interest on PBO | Discount rate for Interest on Service Cost | Assets: | Expected rate of return | Expected return | Actual return | Gain/(Loss) | One year actual return | Five year actual return |"}
{"_id": "d8e83c600", "title": "", "text": "| Year Ended December 31, 2018 | PFI Excluding Closed Block Division and Japanese Operations | Yield-1 | ($ in millions) | Fixed maturities-2 | Assets supporting experience-rated contractholder liabilities | Equity securities | Commercial mortgage and other loans | Policy loans | Short-term investments and cash equivalents | Gross investment income | Investment expenses | Investment income after investment expenses | Other invested assets-3 | Investment results of other entities and operations-4 | Total investment income |"}
{"_id": "d876c84d8", "title": "", "text": "| Year Ended December 31, | 2012 | Beginning balance | Provision | Settlements/ reversals | Ending balance |"}
{"_id": "d8b804f00", "title": "", "text": "Products and Services We offer our customers subscription-based video services, including video on demand (VOD), high definition (HD) television, and digital video recorder (DVR) service, Internet services and voice services.\nAs of December 31, 2017, 74% of our footprint was all-digital enabling us to offer more HD channels, faster Internet speeds and better video picture quality and we intend to transition the remaining portions of our Legacy TWC and Legacy Bright House footprints to all-digital.\nOur video, Internet, and voice services are offered to residential and commercial customers on a subscription basis, with prices and related charges based on the types of service selected, whether the services are sold as a bundle or on an individual basis, and the equipment necessary to receive our services.\nBundled services are available to substantially all of our passings, and approximately 59% of our customers subscribe to a bundle of services.\nAll customer statistics as of December 31, 2017 include the operations of Legacy TWC, Legacy Bright House and Legacy Charter, each of which is based on individual legacy company reporting methodology.\nThese methodologies differ and their differences may be material.\nStatistical reporting will be conformed over time to a single reporting methodology.\nThe following table summarizes our customer statistics for video, Internet and voice as of December 31, 2017 and 2016 (in thousands except per customer data and footnotes)."}
{"_id": "d8de7eea6", "title": "", "text": "| September 30, 2010-1 September 30, 2009-2 | 4.3% | 4.1% | 3.2% | 2.8% | 2.6% |"}
{"_id": "d8c803e88", "title": "", "text": "| $ in millions Total 2013 2014 -2015 2016 -2017 2018 andbeyond | Long-term debt | Interest payments on long-term debt | Operating leases | Purchase obligations-1 | Other long-term liabilities-2 | Total contractual obligations |"}
{"_id": "d8d1db0e6", "title": "", "text": "Future Policy Benefit Reserves.\nThe Company wrote a limited amount of life and annuity reinsurance in its Bermuda segment.\nFuture policy benefit liabilities for annuities are reported at the accumulated fund balance of these contracts.\nReserves for those liabilities include mortality provisions with respect to life and annuity claims, both reported and unreported.\nActual experience in a particular period may be worse than assumed experience and, consequently, may adversely affect the Companys operating results for that period.\nSee ITEM 8, Financial Statements and Supplementary Data - Note 1F of Notes to Consolidated Financial Statements.\nActivity in the reserve for future policy benefits is summarized for the periods indicated:"}
{"_id": "d8af97340", "title": "", "text": "Flows reflected ongoing institutional demand for our solutions-based advice with $15.1 billion, or 52%, of net inflows coming from institutional clients.\nDefined contribution plans of institutional clients remained a significant driver of flows, and contributed $12.8 billion to institutional multi-asset class net new business in 2014, primarily into target date and target risk product offerings.\nRetail net inflows of $13.4 billion were driven by particular demand for our Multi-Asset Income fund, which raised $6.3 billion in 2014.\nThe Company’s multi-asset strategies include the following: ?\nAsset allocation and balanced products represented 48% of multi-asset class AUM at year-end, with growth in AUM driven by net new business of $18.4 billion.\nThese strategies combine equity, fixed income and alternative components for investors seeking a tailored solution relative to a specific benchmark and within a risk budget.\nIn certain cases, these strategies seek to minimize downside risk through diversification, derivatives strategies and tactical asset allocation decisions.\nFlagship products in this category include our Global Allocation and Multi-Asset Income suites.  ?\nTarget date and target risk products grew 10% organically in 2014.\nInstitutional investors represented 90% of target date and target risk AUM, with defined contribution plans accounting for over 80% of AUM.\nThe remaining 10% of target date and target risk AUM consisted of retail client investments.\nFlows were driven by defined contribution investments in our LifePath and LifePath Retirement Income?\nofferings.\nLifePath products utilize a proprietary asset allocation model that seeks to balance risk and return over an investment horizon based on the investor’s expected retirement timing.  ?\nFiduciary management services are complex mandates in which pension plan sponsors or endowments and foundations retain BlackRock to assume responsibility for some or all aspects of plan management.\nThese customized services require strong partnership with the clients’ investment staff and trustees in order to tailor investment strategies to meet client-specific risk budgets and return objectives."}
{"_id": "d87ceade8", "title": "", "text": "| 2007 First Quarter Second Quarter Third Quarter Fourth Quarter | Net sales | Gross profit | Net earnings | Basic net earnings per common share | Diluted net earnings per common share |"}
{"_id": "d8ad4c3b0", "title": "", "text": "Table of Contents On April 2, 2008, the Company effected a two-for-one stock split in the form of a stock dividend to stockholders as of March 21, 2008.\nPursuant to the Amended and Restated Rights Agreement, the Company amended the terms of the rights issued and issuable under the agreement (“Rights”), effective as of April 3, 2008 (after the stock dividend), to reset the Rights such that each share of Common Stock is entitled to receive one Right, to retain the purchase price of each Right at $60 per Right, and to provide that each Right will entitle the holder to purchase one twenty-five thousandth of a share of Series A Junior Participating Preferred Stock (the “Series A Preferred Stock”).\nConforming changes have also been made to the Company’s certificate of designation for the Series A Preferred Stock to provide that each share of Series A Preferred Stock carries 25,000 times the dividend, liquidation and voting rights of the Company’s Common Stock.\nOther modifications have also been made in the Amended and Restated Rights Agreement to update the agreement for certain developments, including the recent amendments to the Company’s by-laws permitting stockholders to hold and transfer shares of the Company’s capital stock in book entry form.\nThe expiration date of the Rights has remained unchanged at January 1, 2013."}
{"_id": "d8a78939c", "title": "", "text": "| 2013 2012 2011 | (In millions) | Balance at beginning of year | Increases for tax positions taken in prior years | Decreases for tax positions taken in prior years | Increases for tax positions taken in the current year | Decreases for settlements with taxing authorities | Balance at end of year |"}
{"_id": "d8cf4742e", "title": "", "text": "| Fiscal Year | 2015 | Estimated fair values of stock options granted | Assumptions: | Risk-free interest rate | Expected term | Expected volatility | Dividend yield |"}
{"_id": "d8a67f3e8", "title": "", "text": "| 2007 2006 | (in millions) | Life insurance | Individual and group annuities and supplementary contracts | Other contract liabilities | Subtotal future policy benefits excluding unpaid claims and claim adjustment expenses | Unpaid claims and claim adjustment expenses | Total future policy benefits |"}
{"_id": "d8cfb213e", "title": "", "text": "(Amounts in tables in millions, except share and per share data) (continued) Observable market inputs used in the calculation of the foreign currency forward contracts include foreign currency spot and forward rates.\nIn addition, other pricing data quoted by various banks and foreign currency dealers involving identical or comparable instruments are included.\nThe fair value generally reflects the estimated amounts that the Company would receive or pay to terminate the contracts at the reporting date.\nOther Financial Instruments The following financial instruments are recorded at fair value or at amounts that approximate fair value: (1) cash and cash equivalents, (2) receivables, net, (3) certain other current assets, (4) accounts payable and (5) other current liabilities.\nThe carrying amounts reported in the consolidated balance sheets for the above financial instruments closely approximates their fair value due to the short-term nature of these assets and liabilities.\nTo calculate the fair values of the Companys senior notes at December 31, 2008 and 2007, the Company utilizes a market approach.\nDue to the restricted investor base and the notional value of the senior notes, the senior notes may not be actively traded on the date the fair value is calculated.\nTherefore, the Company utilizes prices and other relevant information generated by market transactions involving identical securities, reflecting U. S.  Treasury yields to calculate the yield-to-maturity and the price on each of the Companys senior notes.\nThese inputs are provided by an independent third party.\nThe Company derived the fair value estimates of the Companys various other debt instruments by evaluating the nature and terms of each instrument, considering prevailing economic and market conditions, and examining the cost of similar debt offered at the balance sheet date.\nThe Company also incorporates its credit default swap rates and currency specific swap rates to each debt instrument, as applicable.\nThese estimates are subjective and involve uncertainties and matters of significant judgment, and therefore the Company cannot determine them with precision.\nChanges in assumptions could significantly affect the Companys estimates.\nThe fair value of the debt in the table below differs from the carrying amount due to changes in interest rates based on market conditions as of December 31, 2008 and 2007.\nGenerally, the fair value of fixed rate debt will increase as interest rates fall and decrease as interest rates rise.\nThe carrying amounts and estimated fair values of the Companys debt at December 31, 2008 and 2007 were as follows:"}
{"_id": "d8f0b4eb8", "title": "", "text": "| Expected Maturity Date (as of December 31, 2003) | 2004 | (in thousands) | ASSETS: | Cash and cash equivalents | Short-term marketable securities | Weighted average interest rate | LIABILITIES: | Equipment-based term loan | Fixed rate debt lease obligation | Weighted average interest rate |"}
{"_id": "d8e98cdac", "title": "", "text": "Commercial Mortgage Securitization Operations In 2008, we classified our commercial mortgage securitization operations as a divested business, reflecting our decision to exit this business.\nThese operations, which involved the origination and purchase of commercial mortgage loans that we in turn would aggregate and sell into commercial mortgage-backed securitization transactions, together with related hedging activities, were previously reported within the Asset Management segment.\nWe retained and continue the remainder of our commercial mortgage origination, servicing and other commercial mortgage related activities, which remain a part of our Asset Management segment.\nAs of December 31, 2009, our commercial mortgage securitization operations held a loan with a principal balance of $14 million, whose fair value continues to be subject to changes in credit spreads.\nThe losses in 2008 and 2009 primarily reflect net realized and unrealized losses on the loans, bonds and hedges from instability in the commercial mortgage-backed securities market.\nWe have substantial insurance operations in Japan, with 36% and 35% of our Financial Services Businesses general account investments relating to our Japanese insurance operations as of December 31, 2009 and 2008, respectively.\nThe following table sets forth the composition of the investments of our Japanese insurance operations general account as of the dates indicated."}
{"_id": "d8d3d3362", "title": "", "text": "| December 31 2009 2008 | Gross Case Reserves | Gross IBNR Reserves | Total Gross Carried Claim and Claim Adjustment Expense Reserves | Net Case Reserves | Net IBNR Reserves | Total Net Carried Claim and Claim Adjustment Expense Reserves |"}
{"_id": "d838e414e", "title": "", "text": "| 2011 FES OE CEI TE JCP&L Met-Ed Penelec | (In millions) | Revenues: | Electric sales to affiliates | Ground lease with ATSI | Other | Expenses: | Purchased power from affiliates | Fuel | Support services | Investment Income: | Interest income from affiliates | Interest income from FE | Interest Expense: | Interest expense to affiliates | Interest expense to FE |"}
{"_id": "d8b7284e2", "title": "", "text": "| 2009 2010-2011 2012-2013 after 2013 Total | (In Millions) | Planned construction and | capital investment -1 | Long-term debt | Operating leases | Purchase obligations -2 |"}
{"_id": "d87e976c8", "title": "", "text": "| $ in millions U.S. U.K. Continental Europe/Ireland Canada Asia Total | For the year ended December 31, 2015 | Revenue from external customers | Inter-company revenue | Total operating revenues | Long-lived assets | For the year ended December 31, 2014 | Revenue from external customers | Inter-company revenue | Total operating revenues | Long-lived assets | For the year ended December 31, 2013 | Revenue from external customers | Inter-company revenue | Total operating revenues | Long-lived assets |"}
{"_id": "d8b805004", "title": "", "text": "| Year Ended December 31, | 2005 | Revenues | Video | High-speed Internet | Telephone | Advertising sales | Commercial | Other | $5,254 |"}
{"_id": "d8d575da0", "title": "", "text": "Our comparable store sales gain in fiscal 2008 benefited from a higher average transaction amount driven by the continued growth in higher-ticket items, including video gaming hardware, flat-panel televisions and notebook\nNOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) NOTE 11 RETIREMENT BENEFIT PLANS The Company sponsors various defined contribution savings plans, primarily in the U. S. , that allow employees to contribute a portion of their pre-tax and/or after-tax income in accordance with plan specified guidelines.\nUnder specified conditions, the Company will make contributions to the plans and/or match a percentage of the employee contributions up to certain limits.\nTotal expense related to the defined contribution plans was $24.8 million, $18.9 million and $19.2 million in the years ended December 31, 2012, 2011 and 2010, respectively.\nThe Company has a number of defined benefit pension plans and other postretirement benefit plans covering eligible salaried and hourly employees and their dependents.\nThe defined pension benefits provided are primarily based on (i) years of service and (ii) average compensation or a monthly retirement benefit amount.\nThe Company provides defined benefit pension plans in France, Germany, Ireland, Italy, Japan, Mexico, Monaco, South Korea, Sweden, U. K.  and U. S.  The other postretirement benefit plans, which provide medical and life insurance benefits, are unfunded plans.\nAll pension and other postretirement benefit plans in the U. S.  have been closed to new employees since 1999.\nThe measurement date for all plans is December 31.\nOn February 26, 2009, the Companys subsidiary BorgWarner Diversified Transmission Products Inc.  (DTP), entered into a Plant Shutdown Agreement with the United Auto Workers (UAW) for its Muncie, Indiana automotive component plant (the Muncie Plant).\nManagement subsequently wound-down production activity at the plant, with operations effectively ceased as of March 31, 2009.\nThe Plant Shutdown Agreement included terms allowing for lump sum payment of the pension obligation for certain participants if funding of the plan exceeded a defined level.\nIn accordance with these terms, in December 2012, the Company settled a portion of the pension obligation resulting in a non-cash loss of $5.7 million, which was recorded in other (income) expense within the Consolidated Statement of Operations.\nOn March 24, 2010, the Company finalized its settlement agreement regarding the closure of the Muncie Plant with the Pension Benefit Guaranty Corporation (PBGC) in which the Company agreed to make certain payments directly to the Muncie Plants defined benefit pension plan (the Plan).\nIn accordance with the settlement agreement, the Company made an initial cash contribution of $23 million for the 2009 Plan year and a cash contribution of $15 million in the year ended December 31, 2011.\nDuring the fourth quarter of 2012, the Company received notification from the PBGC that the terms of the settlement have been suspended pending review of the Companys financial strength under the PBGCs revised enforcement policy pilot program announced on November 2, 2012.\nThe evaluation was confirmed in January 2013 and as a result the Company currently does not have any obligations as described in the original agreement.\nThe following table summarizes the expenses for the Companys defined contribution and defined benefit pension plans and the other postretirement defined benefit plans."}
{"_id": "d828a5b34", "title": "", "text": "| (in millions) 2014 2015 2016 2017 2018 Thereafter Total | Operating leases | Marketing and sponsorships | Total |"}
{"_id": "d8df513ba", "title": "", "text": "| As of or for the year ended 2008 2007 At December 31, | December 31,(a)(in millions) | By risk type: | Fixed income | Foreign exchange | Equities | Commodities and other | Diversification | Trading VaR | Credit portfolio VaR | Diversification | Total trading and creditportfolio VaR | (in millions) | December 31, 2008 | December 31, 2007 |"}
{"_id": "d88212aa0", "title": "", "text": "| Parent CBRE Guarantor Subsidiaries Nonguarantor Subsidiaries Consolidated Total | CASH FLOWS PROVIDED BY OPERATING ACTIVITIES: | CASH FLOWS FROM INVESTING ACTIVITIES: | Capital expenditures | Acquisition of businesses, including net assets acquired, intangibles and goodwill, net of cash acquired | Contributions to unconsolidated subsidiaries | Distributions from unconsolidated subsidiaries | Net proceeds from disposition of real estate held for investment | Additions to real estate held for investment | Proceeds from the sale of servicing rights and other assets | (Increase) decrease in restricted cash | Purchase of available for sale securities | Proceeds from the sale of available for sale securities | Other investing activities, net | Net cash used in investing activities | CASH FLOWS FROM FINANCING ACTIVITIES: | Proceeds from senior secured term loans | Repayment of senior secured term loans | Proceeds from revolving credit facility | Repayment of revolving credit facility | Proceeds from issuance of 5.00% senior notes | Repayment of 11.625% senior subordinated notes | Proceeds from notes payable on real estate held for investment | Repayment of notes payable on real estate held for investment | Proceeds from notes payable on real estate held for sale and under development | Repayment of notes payable on real estate held for sale and under development | Shares repurchased for payment of taxes on stock awards | Proceeds from exercise of stock options | Incremental tax benefit from stock options exercised | Non-controlling interests contributions | Non-controlling interests distributions | Payment of financing costs | (Increase) decrease in intercompany receivables, net | Other financing activities, net | Net cash (used in) provided by financing activities | Effect of currency exchange rate changes on cash and cash equivalents | NET DECREASE IN CASH AND CASH EQUIVALENTS | CASH AND CASH EQUIVALENTS, AT BEGINNING OF PERIOD | CASH AND CASH EQUIVALENTS, AT END OF PERIOD | SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION: | Cash paid during the period for: | Interest | Income tax payments, net |"}
{"_id": "d8e487abe", "title": "", "text": "Covenants and Restrictions Related to our Long-Term Debt We are subject to the covenants and restrictions set forth in the indentures related to our long-term debt.\nIn particular, the indentures related to our outstanding senior notes issued by DISH DBS Corporation (“DISH DBS”) contain restrictive covenants that, among other things, impose limitations on the ability of DISH DBS and its restricted subsidiaries to: (i) incur additional indebtedness; (ii) enter into sale and leaseback transactions; (iii) pay dividends or make distributions on DISH DBS’ capital stock or repurchase DISH DBS’ capital stock; (iv) make certain investments; (v) create liens; (vi) enter into certain transactions with affiliates; (vii) merge or consolidate with another company; and (viii) transfer or sell assets.\nShould we fail to comply with these covenants, all or a portion of the debt under the senior notes and our other long-term debt could become immediately payable.\nThe senior notes also provide that the debt may be required to be prepaid if certain change-in-control events occur.\nIn addition, the Convertible Notes due 2026 provide that, if a “fundamental change” (as defined in the related indenture) occurs, holders may require us to repurchase for cash all or part of their Convertible Notes due 2026.\nAs of the date of filing of this Annual Report on Form 10-K, we and DISH DBS were in compliance with the covenants and restrictions related to our respective long-term debt."}
{"_id": "d85f42dcc", "title": "", "text": "| 737 747 767 777 787 Total | 2012 | Cumulative deliveries | Deliveries | 2011 | Cumulative deliveries | Deliveries | 2010 | Cumulative deliveries | Deliveries |"}
{"_id": "d8d914bfa", "title": "", "text": "| Year Ended December 31, 2004: High Low | First quarter | Second quarter | Third quarter | Fourth quarter | Year Ended December 31, 2005: | First quarter | Second quarter | Third quarter | Fourth quarter |"}
{"_id": "d8a64b87c", "title": "", "text": "| 2014 2013 2012 | Weighted average common shares outstanding for basic computations | Weighted average dilutive effect of equity awards | Weighted average common shares outstanding for diluted computations |"}
{"_id": "d8c06ca94", "title": "", "text": "| December 31, | (in millions) | Undrawn commitments to extend credit | Letters of credit | Marketing rights | Risk participation agreements | Residential mortgage loans sold with recourse | Total |"}
{"_id": "d8abb3378", "title": "", "text": "| Years ended December 31, 2017 2016 2015 | Revenues | GAAP | Earnings from operations | Operating margins | Effective income tax rate | Net earnings | Diluted earnings per share | Non-GAAP-1 | Core operating earnings | Core operating margins | Core earnings per share | Program | 737 | 2017 | Program accounting quantities | Undelivered units under firm orders | Cumulative firm orders | 2016 | Program accounting quantities | Undelivered units under firm orders | Cumulative firm orders | 2015 | Program accounting quantities | Undelivered units under firm orders | Cumulative firm orders |"}
{"_id": "d8ad6587e", "title": "", "text": "| (in basis points) Industry Average1 | for the fiscal years ended September 30, | Equity | Global/international2 | United States | Multi-Asset/Balanced | Fixed Income | Tax-free | Taxable | Global/international3 | United States | Cash Management |"}
{"_id": "d899ac53a", "title": "", "text": "| Sep-03 Sep-04 Sep-05 Sep-06 Sep-07 Sep-08 | Apple Inc. | S&P©500 | S&P©Computer Hardware | December 31, | 2011 | (in millions) | RSU expense before income tax | Tax benefit | RSU expense, net of tax | Total value of RSUs converted-1 | Total fair value of RSUs vested-2 | Workforce Reductions | Balance at January 1, 2006 | Purchase price adjustments | Charges utilized | Balance at December 31, 2006 | Purchase price adjustments | Charges utilized | Balance at December 31, 2007 | 2006 | Financial Services Businesses | ASSETS | Fixed maturities: | Available for sale, at fair value | Held to maturity, at amortized cost | Trading account assets supporting insurance liabilities, at fair value | Other trading account assets, at fair value | Equity securities, available for sale, at fair value | Commercial loans | Policy loans | Securities purchased under agreements to resell | Other long-term investments | Short-term investments | Total investments | Cash and cash equivalents | Accrued investment income | Reinsurance recoverables | Deferred policy acquisition costs | Other assets | Separate account assets | TOTAL ASSETS | LIABILITIES AND ATTRIBUTED EQUITY | LIABILITIES | Future policy benefits | Policyholders’ account balances | Policyholders’ dividends | Reinsurance payables | Securities sold under agreements to repurchase | Cash collateral for loaned securities | Income taxes | Securities sold but not yet purchased | Short-term debt | Long-term debt | Other liabilities | Separate account liabilities | Total liabilities | COMMITMENTS AND CONTINGENT LIABILITIES | ATTRIBUTED EQUITY | Accumulated other comprehensive income | Other attributed equity | Total attributed equity | TOTAL LIABILITIES AND ATTRIBUTED EQUITY |"}
{"_id": "d89dc2642", "title": "", "text": "| Year Ended December 31 % Change in | $ in millions, except per share amounts | Sales | Operating costs and expenses | Operating costs and expenses as a % of sales | Operating income | Operating margin rate | Mark-to-market pension and OPB (expense) benefit | Federal and foreign income tax expense | Effective income tax rate | Net earnings | Diluted earnings per share |"}
{"_id": "d8ecea224", "title": "", "text": "| Year Ended October 31, $ Change % Change $ Change % Change | 2011 | (dollars in millions) | Interest income | (Loss) gain on investments | Gain (loss) on assets related to executive deferred compensation plan | Foreign currency exchange gain (loss) | Other, net | Total | Year Ended October 31, | 2011 | (in thousands, except per share price) | Shares repurchased | Average purchase price | Aggregate purchase price -1 | Reissuance of treasury stock |"}
{"_id": "d8973c3a4", "title": "", "text": "| Year Ended December 31, | 2008 | Risk-free interest rate | Expected life (in years) | Dividend yield | Expected volatility |"}
{"_id": "d8a00cd80", "title": "", "text": "| Deposits Consumer Lending Total Consumer Banking | (Dollars in millions) | Net interest income | Noninterest income: | Card income | Service charges | All other income | Total noninterest income | Total revenue, net of interest expense | Provision for credit losses | Noninterest expense | Income before income taxes | Income tax expense | Net income | Effective tax rate-1 | Net interest yield | Return on average allocated capital | Efficiency ratio | Balance Sheet | Average | Total loans and leases | Total earning assets-2 | Total assets-2 | Total deposits | Allocated capital | Year end | Total loans and leases | Total earning assets-2 | Total assets-2 | Total deposits |"}
{"_id": "d8ab7eb1e", "title": "", "text": "| Shares Weighted-AverageGrant DateFair Value | Unvested restricted shares outstanding at December 31, 2010 | Granted | Forfeited | Vested | Unvested restricted shares outstanding at December 31, 2011 | Granted | Forfeited | Vested | Unvested restricted shares outstanding at December 31, 2012 | Granted | Forfeited | Vested | Unvested restricted shares outstanding at December 31, 2013 |"}
{"_id": "d87567152", "title": "", "text": "| 2010 2009 2008 | Assumptions: | Weighted-average expected volatility | Expected term of stock options | Risk-free interest rate | Weighted-average expected dividend yield | Weighted-average grant date fair value per share of options granted | Twelve months ended December 31, | 2015 | (in millions, except as noted) | Net sales | Cost of sales | Gross margin | Gross margin percentage | Sales volume by product tons (000s) | Sales volume by nutrient tons (000s)(1) | Average selling price per product ton | Average selling price per nutrient ton-1 | Gross margin per product ton | Gross margin per nutrient ton-1 | Depreciation and amortization |"}
{"_id": "d8738a258", "title": "", "text": "Operating profit for the segment was unchanged for 2010 compared to 2009.\nGrowth in Space Transportation’s operating profit was more than offset by a decline in Satellites’ operating profit.\nS&DMS operating profit was relatively unchanged between periods.\nThe $21 million increase in Space Transportation mainly was attributable to higher equity earnings on the ULA and USA joint ventures and higher volume on the Orion program, which partially were offset by lower volume on the space shuttle’s external tank program.\nSatellites’ operating profit decreased $23 million primarily due to lower volume and performance on commercial satellite programs, which partially was offset by higher volume and improved performance on government satellite programs in 2010.\nEquity earnings represented 27% of operating profit at Space Systems in 2010, compared to 22% in 2009.\nOperating profit for the segment increased 2% in 2009 compared to 2008.\nDuring the year, operating profit growth at Satellites more than offset declines at Space Transportation and S&DMS.\nIn Satellites, the operating profit increase of $88 million mainly was due to higher volume on government satellite activities, which partially was offset by lower volume in commercial satellite activities.\nThe decrease of $46 million in Space Transportation’s operating profit mainly was attributable to the absence in 2009 of a benefit recognized in 2008 from the successful negotiations of a terminated commercial launch vehicle contract, lower volume on the space shuttle external tank program, and lower equity earnings in 2009 on the ULA joint venture.\nThe decrease in S&DMS’ operating profit of $19 million primarily was attributable to a lower volume on defensive missile programs and a reduction in the level of favorable performance adjustments in 2009 compared to 2008 on strategic missile programs.\nTotal equity earnings recognized by Space Systems, which includes ULA and USA, represented 22% of the segment’s operating profit in 2009 compared to 24% in 2008.\nBacklog increased in 2010 compared to 2009 mainly due to orders exceeding sales on government satellite programs in Satellites and strategic missile programs in S&DMS, which more than offset higher sales volume compared to new orders on the Orion program in Space Transportation in 2010.\nThe decrease in backlog during 2009 compared to 2008 was primarily attributable to declines in orders and higher sales volume on the Orion program in Space Transportation and on government satellite programs in Satellites.\nWe expect Space Systems’ sales for 2011 will be comparable with the 2010 results.\nSales are expected to decline due to the end of our production of the external tank for the space shuttle, offset by growth in satellite activities.\nSegment operating profit is expected to be down slightly primarily due to lower anticipated levels of equity earnings from our ownership interest in USA, which provides processing activities for the space shuttle.\nUSA’s activities will be winding down as the space shuttle’s last flight will be in 2011.\nSegment operating margin is expected to slightly decline due to the lower equity earnings."}
{"_id": "d8200a83a", "title": "", "text": "Defined Contribution Plans Our Company sponsors qualified defined contribution plans covering substantially all U. S.  employees.\nUnder the largest U. S.  defined contribution plan, we match participants’ contributions up to a maximum of 3.5 percent of compensation, subject to certain limitations.\nCompany costs related to the U. S.  plans were $39 million, $61 million and $82 million in 2018, 2017 and 2016, respectively.\nWe also sponsor defined contribution plans in certain locations outside the United States.\nCompany costs associated with those plans were $33 million, $35 million and $37 million in 2018, 2017 and 2016, respectively."}
{"_id": "d88ee0c28", "title": "", "text": "| State Foreign Operations Total | (in millions) | Balance at January 1, 2016 | Charged to costs and expenses | Other adjustments | Balance at December 31, 2016 | Charged to costs and expenses | Other adjustments | Balance at December 31, 2017 | Charged to costs and expenses | Other adjustments | Balance at December 31, 2018 |"}
{"_id": "d8c72d13a", "title": "", "text": "13.\nBorrowings Short-Term Borrowings 2007 Facility In August 2007, the Company entered into a five-year $2.5 billion unsecured revolving credit facility (the 2007 facility), which permits the Company to request an additional $500 million of borrowing capacity, subject to lender credit approval, up to a maximum of $3.0 billion.\nThe 2007 facility requires the Company not to exceed a maximum leverage ratio (ratio of net debt to earnings before interest, taxes, depreciation and amortization, where net debt equals total debt less domestic unrestricted cash) of 3 to 1, which was satisfied with a ratio of less than 1 to 1 at December 31, 2009.\nThe 2007 facility provides back-up liquidity, funds ongoing working capital for general corporate purposes and funds various investment opportunities.\nAt December 31, 2009, the Company had $200 million outstanding under the 2007 facility with an interest rate of 0.44% and a maturity date during February 2010.\nDuring February 2010, the Company rolled over $100 million in borrowings with an interest rate of 0.43% and a maturity date in May 2010.\nLehman Commercial Paper Inc.  has a $140 million participation under the 2007 Facility; however BlackRock does not expect that Lehman Commercial Paper Inc.  will honor its commitment to fund additional amounts.\nBank of America, a related party, has a $140 million participation under the 2007 facility.\nIn December 2007, in order to support two enhanced cash funds that BlackRock manages, BlackRock elected to procure two letters of credit under the existing 2007 facility in an aggregate amount of $100 million.\nIn December 2008, the letters of credit were terminated.\nCommercial Paper Program On October 14, 2009, BlackRock established a commercial paper program (the CP Program) under which the Company may issue unsecured commercial paper notes (the CP Notes) on a private placement basis up to a maximum aggregate amount outstanding at any time of $3 billion.\nThe proceeds of the commercial paper issuances were used for the financing of a portion of the BGI Transaction.\nSubsidiaries of Bank of America and Barclays, as well as other third parties, act as dealers under the CP Program.\nThe CP Program is supported by the 2007 facility.\nThe Company began issuance of CP Notes under the CP Program on November 4, 2009.\nAs of December 31, 2009, BlackRock had approximately $2 billion of outstanding CP Notes with a weighted average interest rate of 0.20% and a weighted average maturity of 23 days.\nSince December 31, 2009, the Company repaid approximately $1.4 billion of CP Notes with proceeds from the long-term notes issued in December 2009.\nAs of March 5, 2010, BlackRock had $596 million of outstanding CP Notes with a weighted average interest rate of 0.18% and a weighted average maturity of 38 days.\nJapan Commitment-line In June 2008, BlackRock Japan Co. , Ltd. , a wholly owned subsidiary of the Company, entered into a five billion Japanese yen commitment-line agreement with a banking institution (the Japan Commitment-line).\nThe term of the Japan Commitment-line was one year and interest accrued at the applicable Japanese short-term prime rate.\nIn June 2009, BlackRock Japan Co. , Ltd.  renewed the Japan Commitment-line for a term of one year.\nlicensed software upgrade rights, installation fees, transaction processing and subscriptions, increased 7% to $1.4 billion in 2017, from $1.3 billion in 2016.\nThe increase in system sales was primarily driven by increases in licensed software and subscriptions of $63 million and $27 million, respectively.  ?\nSupport and maintenance revenues increased 3% from 2016 to 2017.\nThis increase was primarily attributable to continued success selling Cerner Millennium applications and implementing them at client sites.  ?\nServices revenue, which includes professional services (excluding installation) and managed services, increased 9% to $2.6 billion in 2017, from $2.4 billion in 2016.\nThis increase was driven by a $148 million increase in professional services due to growth in implementation and consulting activities and growth in managed services of $65 million as a result of continued demand for our hosting services.\nRevenue backlog, which reflects contracted revenue that has not yet been recognized as revenue, increased 10% to $17.5 billion in 2017, compared to $15.9 billion in 2016.\nThis increase was driven by solid levels of new business bookings during the past four quarters, including strong levels of managed services bookings that typically have longer contract terms.\nCosts of Revenue Costs of revenue as a percent of total revenues were 17% in 2017, compared to 16% in 2016.\nThe marginally higher costs of revenue as a percent of total revenues was primarily due to higher third-party costs associated with technology resale.\nCosts of revenue include the cost of reimbursed travel expense, sales commissions, third party consulting services and subscription content and computer hardware, devices and sublicensed software purchased from manufacturers for delivery to clients.\nIt also includes the cost of hardware maintenance and sublicensed software support subcontracted to the manufacturers.\nSuch costs, as a percent of total revenues, typically have varied as the mix of revenue (software, hardware, devices, maintenance, support, services and reimbursed travel) carrying different margin rates changes from period to period.\nCosts of revenue does not include the costs of our client service personnel who are responsible for delivering our service offerings.\nSuch costs are included in sales and client service expense.\nOperating Expenses Total operating expenses increased 7% to $3.3 billion in 2017, compared with $3.1 billion in 2016.  ?\nSales and client service expenses as a percent of total revenues were 44% in 2017, compared to 43% in 2016.\nThese expenses increased 10% to $2.3 billion in 2017, from $2.1 billion in 2016.\nSales and client service expenses include salaries and benefits of sales, marketing, support, and services personnel, depreciation and other expenses associated with our managed services business, communications expenses, unreimbursed travel expenses, expense for share-based payments, and trade show and advertising costs.\nThe growth in sales and client service expenses reflects hiring of services personnel to support the growth in services revenue.  ?\nSoftware development expenses as a percent of total revenues were 12% in 2017, compared to 11% in 2016.\nExpenditures for software development include ongoing development and enhancement of the Cerner Millennium and HealtheIntent platforms, with a focus on supporting key initiatives to enhance physician experience, revenue cycle and population health solutions.\nA summary of our total software development expense in 2017 and 2016 is as follows:"}
{"_id": "d8953e1ce", "title": "", "text": "VISA INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) September 30, 2013 In July 2013, the Company’s board of directors authorized a $1.5 billion share repurchase program to be in effect through July 2014.\nAs of September 30, 2013, the program had remaining authorized funds of $251 million.\nAll share repurchase programs authorized prior to July 2013 have been completed.\nIn October 2013, the Company’s board of directors authorized a new $5.0 billion share repurchase program.\nUnder the terms of the retrospective responsibility plan, when the Company makes a deposit into the litigation escrow account, the shares of class B common stock are subject to dilution through an adjustment to the conversion rate of the shares of class B common stock to shares of class A common stock.\nThese deposits have the same economic effect on earnings per share as repurchasing the Company’s class A common stock, because they reduce the class B conversion rate and consequently the as-converted class A common stock share count.\nThe following table presents as-converted class B common stock after deposits into the litigation escrow account in fiscal 2012.\nThere were no deposits into the litigation escrow account in fiscal 2013."}
{"_id": "d892b9ff2", "title": "", "text": "2015 compared to 2014 When compared to 2014, costs of revenue in 2015 increased $41 million.\nThis increase included a constant currency increase in expenses of approximately $238 million, or 8.9%, partially offset by a positive impact of approximately $197 million from the effects of foreign currency fluctuations.\nThe constant currency growth was comprised of a $71 million increase in Commercial Solutions, which included the impact from the Encore acquisition which closed in July 2014, a $146 million increase in Research & Development Solutions, which included the incremental impact from the businesses that Quest contributed to Q2 Solutions, and a $21 million increase in Integrated Engagement Services.\nThe decrease in costs of revenue as a percent of revenues for 2015 was primarily as a result of an improvement in constant currency profit margin in the Commercial Solutions, Research & Development Solutions and Integrated Engagement Services segments (as more fully described in the segment discussion later in this section).\nFor 2015, this constant currency profit margin expansion was partially offset by the effect from a higher proportion of consolidated revenues being contributed by our lower margin Integrated Engagement Services segment when compared to 2014 as well as a negative impact from foreign currency fluctuations."}
{"_id": "d8bc5c3be", "title": "", "text": "| 25 Basis Point Increase 25 Basis Point Decrease | Pension Plans | Discount Rate: | Effect on net periodic benefit cost | Effect on projected benefit obligation | Return on Assets: | Effect on net periodic benefit cost | Postretirement Medical Plans | Discount Rate: | Effect on net periodic benefit cost | Effect on accumulated postretirement benefit obligation | Health Care Cost Trend Rate: | Effect on net periodic benefit cost | Effect on accumulated postretirement benefit obligation |"}
{"_id": "d87e4caa6", "title": "", "text": "| Amount (In Thousands) | Senior Secured Transition Bonds, Series A: | Tranche A-1 -5.51% due October 2013 | Tranche A-2 -5.79% due October 2018 | Tranche A-3 -5.93% due June 2022 | Total senior secured transition bonds |"}
{"_id": "d8f303fac", "title": "", "text": "Variable interest entities and asset securitizations Variable interest entities Variable interest entities in which the Company holds a significant variable interest are described below.\nM&T Auto Receivables I, LLC is a special purpose subsidiary of M&T Bank formed in 2002 for the purpose of borrowing $500 million in a revolving asset-backed structured borrowing with an unaffiliated conduit lender.\nThe revolving asset-backed structured borrowing is secured by automobile loans and other assets transferred to the special purpose subsidiary by M&T Bank or other of its subsidiaries that totaled $565 million and $572 million at December 31, 2006 and 2005, respectively.\nThe activities of M&T Auto Receivables I, LLC are generally restricted to purchasing and owning automobile loans for the purpose of securing this revolving borrowing arrangement.\nProceeds from payments on the automobile loans are required to be applied in priority order for fees, principal and interest on the borrowing, and funding the monthly replenishment of loans.\nAny remaining proceeds are available for distribution to M&T Bank.\nThe secured borrowing is prepayable, in whole or in part, at any time and is non-recourse to M&T Bank and the Company.\nHowever, 80% of the borrowing can be put back to M&T Bank upon demand.\nThe Companys maximum incremental exposure to loss resulting from the structure of this borrowing arrangement is generally restricted to the amount that such borrowing is overcollateralized.\nManagement currently estimates no material losses as a result of the pledging of assets and the terms of the borrowing arrangement.\nThe assets and liabilities of M&T Auto Receivables I, LLC have been included in the Companys consolidated financial statements.\nM&T has a variable interest in a trust that holds American Depositary Shares of AIB (AIB ADSs) for the purpose of satisfying options to purchase such shares for certain employees.\nThe trust purchased the AIB ADSs with the proceeds of a loan from an entity subsequently acquired by M&T.\nProceeds from option exercises and any dividends and other earnings on the trust assets are used to repay the loan plus"}
{"_id": "d8cd34966", "title": "", "text": "| For the years ended December 31, | 2013 | (gallons in millions) | Billed water sales volumes | Residential | Commercial | Industrial | Public and other | Total |"}
{"_id": "d8b65731a", "title": "", "text": "CITIZENS FINANCIAL GROUP, INC.  MANAGEMENT'S DISCUSSION AND ANALYSIS 112 Asset liquidity risk is the risk that market conditions may reduce an entity’s ability to liquidate, pledge and/or finance certain assets and thereby substantially reduce the liquidity value of such assets.\nDrivers of contingent liquidity risk include general market disruptions as well as specific issues regarding the credit quality and/or valuation of a security or loan, issuer or borrower and/or asset class.\nFunding liquidity risk is the risk that market conditions and/or entity-specific events may reduce an entity’s ability to raise funds from depositors and/or wholesale market counterparties.\nDrivers of funding liquidity may be idiosyncratic or systemic, reflecting impediments to operations and/or undermining of market confidence.\nFactors Affecting Liquidity Given the composition of their assets and borrowing sources, contingent liquidity at both CBNA and CBPA would be materially affected by such events as deterioration of financing markets for high-quality securities (e. g. , mortgage-backed securities and other instruments issued by the Government National Mortgage Association (“GNMA”), Federal National Mortgage Association (“FNMA”) and the Federal Home Loan Mortgage Corporation (“FHLMC”)), by any incapacitation of the Federal Home Loan Banks (“FHLBs”) to provide collateralized advances and/or by a refusal of the Federal Reserve Board to act as lender of last resort in systemic stress.\nGiven the quality of our free securities, the positive track record of the FHLBs in stress and the commitment of the Federal Reserve Board to continue as lender of last resort in systemic stress scenarios, we view contingent liquidity risk at our banking subsidiaries, both CBNA and CBPA, to be relatively modest.\nGiven the structure of their balance sheets, funding liquidity of CBNA and CBPA would be materially affected by an adverse idiosyncratic event (e. g. , a major loss, causing a perceived or actual deterioration in its financial condition), an adverse systemic event (e. g. , default or bankruptcy of a significant capital markets participant), or a combination of both (e. g. , the financial crisis of 2008-2010).\nHowever, during the financial crisis, our banking subsidiaries reduced their dependence on unsecured wholesale funding to virtually zero.\nConsequently, and despite ongoing exposure to a variety of idiosyncratic and systemic events, we view our funding liquidity risk to be relatively modest.\nAn additional variable affecting our access, and the access of our banking subsidiaries, to unsecured wholesale market funds and to large denomination (i. e. , uninsured) customer deposits is the credit ratings assigned by such agencies as Moody’s, Standard & Poor’s and Fitch."}
{"_id": "d896ed664", "title": "", "text": "| Actual Capital December 31, RegulatoryCapital Requirements December 31, | 2016 | (in millions) | RiverSource Life-1(2) | RiverSource Life of NY-1(2) | IDS Property Casualty-1(3) | Ameriprise Insurance Company-1(3) | ACC-4(5) | Threadneedle Asset Management Holdings Sàrl-6 | Ameriprise National Trust Bank-7 | AFSI-3(4) | Ameriprise Captive Insurance Company-3 | Ameriprise Trust Company-3 | AEIS-3(4) | RiverSource Distributors, Inc.-3(4) | Columbia Management Investment Distributors, Inc.-3(4) |"}
{"_id": "d879f659c", "title": "", "text": "| Year ended December 31, | 2009 | (in millions) | Annualized new business premiums: | On an actual exchange rate basis: | Life Planner operations | Gibraltar Life | Total | On a constant exchange rate basis: | Life Planner operations | Gibraltar Life | Total |"}
{"_id": "d89774704", "title": "", "text": "| Payments Due by Period | Total | (in millions) | Long-term debt-1 | Capital lease obligations | Operating leases | Purchase commitments | Total contractual obligations |"}
{"_id": "d863221ae", "title": "", "text": "| (Thousands of dollars) | Net fair value of derivatives outstanding at December 31, 2007 | Derivatives reclassified or otherwise settled during the period | Fair value of new derivatives entered into during the period | Other changes in fair value | Net fair value of derivatives outstanding at December 31, 2008 (a) |"}
{"_id": "d87a1dbf6", "title": "", "text": "In the December 2013 order, the FERC set one issue for hearing involving a settlement with Union Pacific regarding certain coal delivery issues.\nConsistent with the decisions described above, Entergy Arkansas’s participation in the System Agreement terminated effective December 18, 2013.\nIn December 2014 a FERC ALJ issued an initial decision finding that Entergy Arkansas would realize benefits after December 18, 2013 from the 2008 settlement agreement between Entergy Services, Entergy Arkansas, and Union Pacific, related to certain coal delivery issues.\nThe ALJ further found that all of the Utility operating companies should share in those benefits pursuant to the methodology proposed by the MPSC.\nThe Utility operating companies and other parties to the proceeding have filed briefs on exceptions and/or briefs opposing exceptions with the FERC challenging various aspects of the December 2014 initial decision and the matter is pending before the FERC.\nUtility Operating Company Notices of Termination of System Agreement Participation Consistent with their written notices of termination delivered in December 2005 and November 2007, respectively, Entergy Arkansas and Entergy Mississippi filed with the FERC in February 2009 their notices of cancellation to terminate their participation in the System Agreement, effective December 18, 2013 and November 7, 2015, respectively.\nIn November 2009 the FERC accepted the notices of cancellation and determined that Entergy Arkansas and Entergy Mississippi are permitted to withdraw from the System Agreement following the 96-month notice period without payment of a fee or the requirement to otherwise compensate the remaining Utility operating companies as a result of withdrawal.\nAppeals by the LPSC and the City Council were denied in 2012 and 2013.\nEffective December 18, 2013, Entergy Arkansas ceased participating in the System Agreement.\nEffective November 7, 2015, Entergy Mississippi ceased participating in the System Agreement.\nIn keeping with their prior commitments and after a careful evaluation of the basis for and continued reasonableness of the 96-month System Agreement termination notice period, the Utility operating companies filed with the FERC in October 2013 to amend the System Agreement changing the notice period for an operating company to"}
{"_id": "d8994804e", "title": "", "text": "| Pension | Years ended December 31, | Service cost | Interest cost | Expected return on plan assets | Amortization of prior service costs | Recognized net actuarial loss | Settlement/curtailment/other losses | Net periodic benefit cost | (Dollars in millions) | Years ended December 31, | Allocated to business segments | Unallocated items, eliminations and other | Total |"}
{"_id": "d871515fe", "title": "", "text": "| Amount (In Millions) | 2010 net revenue | Retail electric price | Volume/weather | Purchased power capacity | Other | 2011 net revenue |"}
{"_id": "d8b96327a", "title": "", "text": "| Year ended December 31 Change | Dollars in millions | Noninterest expense | Personnel | Occupancy | Equipment | Marketing | Other | Total noninterest expense | Liability as of December 31, 2003 | Lease restructuring liability and other operating lease liability |"}
{"_id": "d82a64eb6", "title": "", "text": "Entergy Texas, Inc.  Management's Financial Discussion and Analysis 361 Fuel and purchased power expenses increased primarily due to an increase in power purchases as a result of the purchased power agreements between Entergy Gulf States Louisiana and Entergy Texas and an increase in the average market prices of purchased power and natural gas, substantially offset by a decrease in deferred fuel expense as a result of decreased recovery from customers of fuel costs.\nOther regulatory charges increased primarily due to an increase of $6.9 million in the recovery of bond expenses related to the securitization bonds.\nThe recovery became effective July 2007.\nSee Note 5 to the financial statements for additional information regarding the securitization bonds.2007 Compared to 2006 Net revenue consists of operating revenues net of: 1) fuel, fuel-related expenses, and gas purchased for resale, 2) purchased power expenses, and 3) other regulatory charges.\nFollowing is an analysis of the change in net revenue comparing 2007 to 2006."}
{"_id": "d8ed433ec", "title": "", "text": "Product Warranty Warranty and similar reserves for homes are established at an amount estimated to be adequate to cover potential costs for materials and labor with regard to warranty-type claims expected to be incurred subsequent to the delivery of a home.\nReserves are determined based on historical data and trends with respect to similar product types and geographical areas.\nThe Company constantly monitors the warranty reserve and makes adjustments to its pre-existing warranties in order to reflect changes in trends and historical data as information becomes available.\nWarranty reserves are included in other liabilities in the consolidated balance sheets.\nThe activity in the Companys warranty reserve was as follows:"}
{"_id": "d8d0e7bbc", "title": "", "text": "| 2015 2014 2013 | Numerator | Income from continuing operations | Loss from discontinued operations, net of tax | Net income available to common stockholders | Denominator | Weighted average common shares outstanding—Basic | Effect of dilutive common stock equivalents | Weighted average common shares outstanding—Diluted |"}
{"_id": "d8d8da31a", "title": "", "text": "| For the Year Ended December 31, | 2018 | (in millions) | Net interest income | Noninterest income | Total revenue | Noninterest expense | Net income | Total average loans and leases and loans held for sale | Total average deposits |"}
{"_id": "d89007cf0", "title": "", "text": "Star Pizza Acquisition On March 13, 2017, we completed the Star Pizza Acquisition.\nThe transaction provided us with a leadership position in the fast growing small-run pizza box market and increases our vertical integration.\nThe purchase price was $34.6 million, net of a $0.7 million working capital settlement.\nWe have fully integrated the approximately 22,000 tons of containerboard used by Star Pizza annually.\nWe have included the financial results of the acquired assets since the date of the acquisition in our Corrugated Packaging segment.\nThe purchase price allocation for the acquisition primarily included $24.8 million of customer relationship intangible assets and $2.2 million of goodwill.\nWe are amortizing the customer relationship intangibles over 10 years based on a straight-line basis because the amortization pattern was not reliably determinable.\nThe fair value assigned to goodwill is primarily attributable to buyer-specific synergies expected to arise after the acquisition (e. g. , enhanced reach of the combined organization and other synergies), and the assembled work force.\nThe goodwill and intangibles are amortizable for income tax purposes.\nPackaging Acquisition On January 19, 2016, we completed the Packaging Acquisition.\nThe entities acquired provide value-added folding carton and litho-laminated display packaging solutions.\nThe purchase price was $94.1 million, net of cash received of $1.7 million, a working capital settlement and a $3.5 million escrow receipt in the first quarter of fiscal 2017.\nThe transaction is subject to an election under Section 338(h)(10) of the Code that increases the U. S.  tax basis in the acquired U. S.  entities.\nWe believe the transaction has provided us with attractive and complementary customers, markets and facilities.\nWe have included the financial results of the acquired entities since the date of the acquisition in our Consumer Packaging segment.\nThe purchase price allocation for the acquisition primarily included $55.0 million of property, plant and equipment, $10.5 million of customer relationship intangible assets, $9.3 million of goodwill and $25.8 million of liabilities, including $1.3 million of debt.\nWe are amortizing the customer relationship intangibles over estimated useful lives ranging from 9 to 15 years based on a straight-line basis because the amortization pattern was not reliably determinable.\nThe fair value assigned to goodwill is primarily attributable to buyer-specific synergies expected to arise after the acquisition (e. g. , enhanced reach of the combined organization and other synergies), and the assembled work force.\nThe goodwill and intangibles of the U. S.  entities are amortizable for income tax purposes.\nSP Fiber On October 1, 2015, we completed the SP Fiber Acquisition in a stock purchase.\nThe transaction included the acquisition of mills located in Dublin, GA and Newberg, OR, which produce lightweight recycled containerboard and kraft and bag paper.\nThe Newberg mill also produced newsprint.\nAs part of the transaction, we also acquired SP Fiber's 48% interest in GPS.\nGPS is a joint venture providing steam to the Dublin mill and electricity to Georgia Power.\nThe purchase price was $278.8 million, net of cash received of $9.2 million and a working capital"}
{"_id": "d8c9a7816", "title": "", "text": "| Year Ended September 30, 2007 Year Ended September 30, 2006 | High | 1st Quarter | 2nd Quarter | 3rd Quarter | 4th Quarter |"}
{"_id": "d8e757eba", "title": "", "text": "| Product Year of Expiration (in the U.S.)(1) | Asmanex | Dulera | Integrilin | Nasonex-2 | Emend | Follistim AQ | PegIntron | Invanz | Zostavax | Zetia-3/Vytorin/Liptruzet | NuvaRing | Emendfor Injection | Noxafil | RotaTeq | Intron A | Recombivax | Januvia/Janumet/Janumet XR | Zioptan | Isentress | Victrelis | Gardasil |"}
{"_id": "d8c05bf0a", "title": "", "text": "| (in millions) | 2009 | 2010 | 2011 | 2012 | 2013 |"}
{"_id": "d8a0a31cc", "title": "", "text": "| 2014 2013 | December 31,(in millions,except ratios) | Home equity | Prime mortgage | Subprime mortgage | Option ARMs |"}
{"_id": "d8912badc", "title": "", "text": "| Year Weighted-AverageSupply ofBerthsMarketedGlobally-1 Royal Caribbean Cruises Ltd. Total Berths GlobalCruiseGuests-1 North AmericanCruiseGuests-2 EuropeanCruiseGuests -3 | 2010 | 2011 | 2012 | 2013 | 2014 |"}
{"_id": "d81d04d0c", "title": "", "text": "The year-to-year increase in communications end market revenue in fiscal 2014 was primarily a result of increased wireless base station deployment activity and, to a lesser extent, an increase in revenue as a result of the Acquisition.\nIndustrial end market revenue increased year-over-year in fiscal 2014 as compared to fiscal 2013 as a result of an increase in demand in this end market, which was most significant for products sold into the instrumentation and automation sectors and, to a lesser extent, an increase in revenue as a result of the Acquisition.\nThe year-to-year increase in automotive end market revenue in fiscal 2014 was primarily a result of increasing electronic content in vehicles and higher demand for new vehicles.\nThe year-to-year decrease in revenue in the consumer end market in fiscal 2014 was primarily the result of the sale of our microphone product line in the fourth quarter of fiscal 2013.\nThe year-to-year decrease in revenue in the industrial and consumer end markets in fiscal 2013 was primarily the result of a weak global economic environment and one less week of operations in fiscal 2013 as compared to fiscal 2012.\nAutomotive end market revenue increased in fiscal 2013 primarily as a result of increasing electronic content in vehicles."}
{"_id": "d81f2e754", "title": "", "text": "Note 29  Capital The Federal Reserve establishes capital requirements, including well-capitalized standards for the consolidated financial holding company.\nThe OCC establishes similar capital requirements and standards for the Firms national banks, including JPMorgan Chase Bank, N. A. , and Chase Bank USA, N. A.\nThere are two categories of risk-based capital: Tier 1 capital and Tier 2 capital.\nTier 1 capital includes common stockholders equity, qualifying preferred stock and minority interest less goodwill and other adjustments.\nTier 2 capital consists of preferred stock not qualifying as Tier 1, subordinated long-term debt and other instruments qualifying as Tier 2, and the aggregate allowance for credit losses up to a certain percentage of risk-weighted assets.\nTotal regulatory capital is subject to deductions for investments in certain subsidiaries.\nUnder the risk-based capital guidelines of the Federal Reserve, JPMorgan Chase is required to maintain minimum ratios of Tier 1 and Total (Tier 1 plus Tier 2) capital to risk-weighted assets, as well as minimum leverage ratios (which are defined as Tier 1 capital to average adjusted onbalance sheet assets).\nFailure to meet these minimum requirements could cause the Federal Reserve to take action.\nBanking subsidiaries also are subject to these capital requirements by their respective primary regulators.\nAs of December 31, 2009 and 2008, JPMorgan Chase and all of its banking subsidiaries were well-capitalized and met all capital requirements to which each was subject."}
{"_id": "d8cc341ba", "title": "", "text": "When we purchase an asset, we capitalize all costs necessary to make the asset ready for its intended use.\nHowever, many of our assets are self-constructed.\nA large portion of our capital expenditures is for track structure expansion (capacity projects) and replacement (program projects), which is typically performed by our employees.\nApproximately 13% of our full-time equivalent employees are dedicated to the construction of capital assets.\nCosts that are directly attributable or overhead costs that relate directly to capital projects are capitalized.\nDirect costs that are capitalized as part of self-constructed assets include material, labor, and work equipment.\nIndirect costs are capitalized if they clearly relate to the construction of the asset.\nThese costs are allocated using appropriate statistical bases.\nThe capitalization of indirect costs is consistent with FASB Statement No.67, Accounting for Costs and Initial Rental Operations of Real Estate Projects.\nGeneral and administrative expenditures are expensed as incurred.\nNormal repairs and maintenance are also expensed as incurred, while costs incurred that extend the useful life of an asset, improve the safety of our operations or improve operating efficiency are capitalized.\nAssets held under capital leases are recorded at the lower of the net present value of the minimum lease payments or the fair value of the leased asset at the inception of the lease.\nAmortization expense is computed using the straight-line method over the shorter of the estimated useful lives of the assets or the period of the related lease.10.\nAccounts Payable and Other Current Liabilities"}
{"_id": "d89b1ac78", "title": "", "text": "| Target Allocation Plan Assets | 2009 | Asset Category | Equity securities | Fixed income | Total |"}
{"_id": "d8b42c1b2", "title": "", "text": "| At December 31 Total United States Europe* Africa Asia | (In millions) | 2013 | Future revenues | Less: | Future production costs | Future development costs | Future income tax expenses | 83,618 | Future net cash flows | Less: Discount at 10% annual rate | Standardized measure of discounted future net cash flows | 2012 | Future revenues | Less: | Future production costs | Future development costs | Future income tax expenses | 94,093 | Future net cash flows | Less: Discount at 10% annual rate | Standardized measure of discounted future net cash flows | 2011 | Future revenues | Less: | Future production costs | Future development costs | Future income tax expenses | 92,383 | Future net cash flows | Less: Discount at 10% annual rate | Standardized measure of discounted future net cash flows |"}
{"_id": "d899b6346", "title": "", "text": "| Year Ended December 31, | (dollars in millions) | Salaries and employee benefits | Outside services | Occupancy | Equipment expense | Amortization of software | Goodwill impairment | Other operating expense | Noninterest expense |"}
{"_id": "d827745bc", "title": "", "text": "| Credit Card (a) Other Consumer (b) | Dollars in millions | December 31, 2012 | FICO score greater than 719 | 650 to 719 | 620 to 649 | Less than 620 | No FICO score available or required (c) | Total loans using FICO credit metric | Consumer loans using other internal credit metrics (b) | Total loan balance | Weighted-average updated FICO score (d) | December 31, 2011 | FICO score greater than 719 | 650 to 719 | 620 to 649 | Less than 620 | No FICO score available or required (c) | Total loans using FICO credit metric | Consumer loans using other internal credit metrics (b) | Total loan balance | Weighted-average updated FICO score (d) | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 and thereafter | Total |"}
{"_id": "d8953e034", "title": "", "text": "The Company expects that actual maturities may differ from the contractual maturities above because borrowers have the right to call or prepay certain obligations.\nCost Method Investments Cost method investments are initially recorded at cost, and we record dividend income when applicable dividends are declared.\nCost method investments are reported as other investments in our consolidated balance sheets, and dividend income from cost method investments is reported in other income (loss) — net in our consolidated statements of income.\nWe review all of our cost method investments quarterly to determine if impairment indicators are present; however, we are not required to determine the fair value of these investments unless impairment indicators exist.\nWhen impairment indicators exist, we generally use discounted cash flow analyses to determine the fair value.\nWe estimate that the fair values of our cost method investments approximated or exceeded their carrying values as of December 31, 2014 and 2013.\nOur cost method investments had a carrying value of $166 million and $162 million as of December 31, 2014 and 2013, respectively."}
{"_id": "d870686f6", "title": "", "text": "| (dollars in millions)CDS Gross TransactionNotional Amount atDecember 31,2010 Net NotionalAmount atDecember 31,2010 AttachmentPoint atInception(a) AttachmentPoint atDecember 31,2010(a) RealizedLossesthroughDecember 31,2010(b) PercentNon-investmentGrade atDecember 31,2010(c) | 1 | 2 | 3 | 4(d) | 5(d) | 6(d) | Total |"}
{"_id": "d8bc5c210", "title": "", "text": "| In millions Dec. 312013 Dec. 312012 | Total consumer lending | Total commercial lending | Total TDRs | Nonperforming | Accruing (a) | Credit card | Total TDRs |"}
{"_id": "d8ae62510", "title": "", "text": "KIMCO REALTY CORPORATION AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS, CONTINUED Investment in Retail Store Leases The Company has interests in various retail store leases relating to the anchor store premises in neighborhood and community shopping centers.\nThese premises have been sublet to retailers who lease the stores pursuant to net lease agreements.\nIncome from the investment in these retail store leases during the years ended December 31, 2008, 2007 and 2006, was approximately $2.7 million, $1.2 million and $1.3 million, respectively.\nThese amounts represent sublease revenues during the years ended December 31, 2008, 2007 and 2006, of approximately $7.1 million, $7.7 million and $8.2 million, respectively, less related expenses of $4.4 million, $5.1 million and $5.7 million, respectively, and an amount which, in managements estimate, reasonably provides for the recovery of the investment over a period representing the expected remaining term of the retail store leases.\nThe Companys future minimum revenues under the terms of all non-cancelable tenant subleases and future minimum obligations through the remaining terms of its retail store leases, assuming no new or renegotiated leases are executed for such premises, for future years are as follows (in millions): 2009, $5.6 and $3.8; 2010, $5.4 and $3.7; 2011, $4.5 and $3.1; 2012, $2.3 and $2.1; 2013, $1.0 and $1.3 and thereafter, $1.4 and $0.5, respectively.\nLeveraged Lease During June 2002, the Company acquired a 90% equity participation interest in an existing leveraged lease of 30 properties.\nThe properties are leased under a long-term bond-type net lease whose primary term expires in 2016, with the lessee having certain renewal option rights.\nThe Companys cash equity investment was approximately $4.0 million.\nThis equity investment is reported as a net investment in leveraged lease in accordance with SFAS No.13, Accounting for Leases (as amended).\nFrom 2002 to 2007, 18 of these properties were sold, whereby the proceeds from the sales were used to pay down the mortgage debt by approximately $31.2 million.\nAs of December 31, 2008, the remaining 12 properties were encumbered by third-party non-recourse debt of approximately $42.8 million that is scheduled to fully amortize during the primary term of the lease from a portion of the periodic net rents receivable under the net lease.\nAs an equity participant in the leveraged lease, the Company has no recourse obligation for principal or interest payments on the debt, which is collateralized by a first mortgage lien on the properties and collateral assignment of the lease.\nAccordingly, this obligation has been offset against the related net rental receivable under the lease.\nAt December 31, 2008 and 2007, the Companys net investment in the leveraged lease consisted of the following (in millions)"}
{"_id": "d89504c4e", "title": "", "text": "Quarterly Trends Revenue Spending by advertisers is traditionally strongest in the fourth quarter of each year.\nHistorically, this seasonality in advertising spending has affected our quarterly results with higher sequential advertising revenue growth from the third to the fourth quarter compared to sequential advertising revenue growth from the fourth quarter to the subsequent first quarter.\nFor example, our advertising revenue increased 45%, 43% and 35% between the third and fourth quarters of 2012, 2013 and 2014, respectively, while advertising revenue for the first quarter of 2013 and 2014 increased 1% and 3% compared to the fourth quarter of 2012 and 2013, respectively.\nCost of Revenue and Operating Expenses Cost of revenue, excluding the impact of stock-based compensation expense, increased in every quarter presented primarily due to the continued expansion of our co-located data center facilities and an increase in average employee headcount.\nLegal Proceedings The Company is currently involved in, and may in the future be involved in, legal proceedings, claims and governmental investigations in the normal course of business.\nLegal fees and other costs associated with such actions are expensed as incurred.\nThe Company assesses, in conjunction with its legal counsel, the need to record a liability for litigation and contingencies.\nLitigation accruals are recorded when and if it is determined that a loss related matter is both probable and reasonably estimable.\nMaterial loss contingencies that are reasonably possible of occurrence, if any, are subject to disclosure.\nAs of December 31, 2014, there was no litigation or contingency with at least a reasonable possibility of a material loss.\nNo material losses have been recorded during years ended December 31, 2014, 2013 and 2012 with respect to litigation or loss contingencies.\nIndemnification In the ordinary course of business, the Company often includes standard indemnification provisions in its arrangements with its customers, partners, suppliers and vendors.\nPursuant to these provisions, the Company may be obligated to indemnify such parties for losses or claims suffered or incurred in connection with its service, breach of representations or covenants, intellectual property infringement or other claims made against such parties.\nThese provisions may limit the time within which an indemnification claim can be made.\nIt is not possible to determine the maximum potential amount under these indemnification obligations due to the limited history of prior indemnification claims and the unique facts and circumstances involved in each particular agreement.\nThe Company has never incurred significant expense defending its licensees against third party claims, nor has it ever incurred significant expense under its standard service warranties or arrangements with its customers, partners, suppliers and vendors.\nAccordingly, the Company had no liabilities recorded for these provisions as of December 31, 2014 and 2013.\nNote 15.\nRelated Party Transactions One of the Companys directors has a direct ownership interest in a vendor that provides marketing and communication services to the Company.\nFor the years ended December 31, 2014 and 2013, no expenses were incurred for services rendered.\nFor the year ended December 31, 2012, the Company incurred $1.9 million of expense for services rendered.\nThere was no outstanding payable balance associated with the vendor as of December 31, 2014.\nNote 16.\nEmployee Benefit Plan The Company adopted a 401(k) Plan that qualifies as a deferred compensation arrangement under Section 401 of the Code.\nUnder the 401(k) Plan, participating employees may defer a portion of their pretax earnings not to exceed the maximum amount allowable.\nThe Company has not made any matching contributions to date.\nNote 17.\nSegment Information and Operations by Geographic Area The Company has a single operating segment and reporting unit structure.\nThe Companys chief operating decisionmaker is the chief executive officer who reviews financial information presented on a consolidated basis, accompanied by disaggregated information about revenue by geographic region for purposes of allocating resources and evaluating financial performance.\nRevenue Revenue by geography is based on the billing addresses of the customers.\nThe following tables set forth revenue by services and revenue by geographic area (in thousands):"}
{"_id": "d8d0597fe", "title": "", "text": "Private Notes The Company’s private notes may be redeemed by the Company at its option at redemption prices that include accrued and unpaid interest and a make-whole premium.\nUpon the occurrence of specified changes of control involving the Company, the Company would be required to offer to repurchase the private notes at a price equal to 100% of the aggregate principal amount thereof, plus any accrued and unpaid interest to the date of repurchase.\nAdditionally, the Company would be required to make a similar offer to repurchase the private notes upon the occurrence of specified merger events or asset sales involving the Company, when accompanied by a downgrade of the private notes below investment grade rating, within a specified time period.\nThe private notes are unsecured senior obligations of the Company and rank equal in right of payment with all other senior indebtedness of the Company.\nThe private notes shall be unconditionally guaranteed by subsidiaries of the Company in certain circumstances, as described in the note purchase agreements as amended."}
{"_id": "d8792ecf4", "title": "", "text": "| (in millions) Unrealized gains (losses) on AFS securities(a) Translation adjustments, net of hedges Cash flow hedges Net loss andprior service (credit) of defined benefit pension and OPEB plans(e) Accumulated other comprehensive income (loss) | Balance at December 31, 2004 | Net change | Balance at December 31, 2005 | Net change | Adjustment to initially apply SFAS 158, net of taxes | Balance at December 31, 2006 | Cumulative effect of changes in accounting principles (SFAS 159) | Balance at January 1, 2007, adjusted | Net change | Balance at December 31, 2007 |"}
{"_id": "d8c5fafd8", "title": "", "text": "| (Dollars in millions) December 31 | 2008 | Ratings-2 | AAA | AA | A | BBB | BB | B | CCC and below | NR-3 | Total net credit default protection |"}
{"_id": "d8b54687c", "title": "", "text": "Item 6.\nSelected Financial Data The following table sets forth selected financial data for each of the five years in the period ended December 31, 2006 (amounts in millions, except per share amounts).\nThis financial data should be read together with our consolidated financial statements and related notes, Management’s Discussion and Analysis of Financial Condition and Results of Operations, and other financial data appearing elsewhere in this report."}
{"_id": "d8a9cb362", "title": "", "text": "| Years Ended December 31, Gain (Loss) | (in millions) | Assets: | Bond and equity securities | Alternative investments(a) | Other, including Short-term investments | Liabilities: | Long-term debt(b) | Other liabilities | Total gain |"}
{"_id": "d8ad978e2", "title": "", "text": "| DATE CITI S&P 500 S&P FINANCIALS | 31-Dec-2010 | 30-Dec-2011 | 31-Dec-2012 | 31-Dec-2013 | 31-Dec-2014 | 31-Dec-2015 | Years Ended November 30, | 2003 | (Dollars in thousands) | Revenues | Costs and expenses | Operating earnings | Dollar value of mortgages originated | Number of mortgages originated | Mortgage capture rate of Lennar homebuyers | Number of title closing transactions (excluding title policies issued) | Number of title policies issued |"}
{"_id": "d8c59d644", "title": "", "text": "| Year Ended December 31, | 2012 | Risk-free interest rate | Expected dividend yield | Expected volatility—ANSYS Stock Price | Expected volatility—NASDAQ Composite Index | Expected term | Correlation factor |"}
{"_id": "d8f44f712", "title": "", "text": "| Year Ended December 31, | 2016 | (MMBoe) | Proved Reserves Beginning of Year | Revisions of Previous Estimates | Extensions, Discoveries and Other Additions | Purchase of Minerals in Place | Sale of Minerals in Place | Production | Proved Reserves End of Year |"}
{"_id": "d868c16fa", "title": "", "text": "| Territory Competitor Marketed Product Competitor | U.S. | Europe | Europe | Europe | Europe | Europe | Europe |"}
{"_id": "d8967829c", "title": "", "text": "(l) Impairment of Long-Lived Assets The Company reviews its long-lived asset groups, which include intangible assets subject to amortization, which for the Company are its patents and customer relationships, for impairment whenever events or changes in circumstances indicate that the carrying amount of such asset groups may not be recoverable.\nRecoverability of asset groups to be held and used is measured by a comparison of the carrying amount of long-lived assets to future undiscounted net cash flows expected to be generated by these asset groups.\nIf such asset groups are considered to be impaired, the impairment recognized is the amount by which the carrying amount of the asset group exceeds the fair value of the asset group.\nAssets held for sale are reported at the lower of the carrying amount or fair value less estimated costs of disposal and are no longer depreciated."}
{"_id": "d8e8e3806", "title": "", "text": "| Year Ended December 31, | 2015 | (Millions, except per Boe amounts) | LOE: | U.S. | Canada | Total | LOE per Boe: | U.S. | Canada | Total | 2015 | Grant-date fair value | Risk-free interest rate | Volatility factor | Contractual term (years) |"}
{"_id": "d8ee5452e", "title": "", "text": "| For the year ended December 31, 2012 | Transfers out of Level 1 into Level 2 | (in millions) | Assets | Fixed maturities, available-for- | sale: | Non-U.S. governments | State and political subdivisions | Corporate | Collateralized debt obligations | Other debt obligations | Total fixed maturities, available-for-sale | Fixed maturities, trading | Separate account assets |"}
{"_id": "d89197fa2", "title": "", "text": "Income tax expense Income tax expense increased $958 million to $990 million in 2017 as compared to 2016.\nThe Company's effective tax rates were 128% and 17% for the years ended December 31, 2017 and 2016, respectively.\nThe net increase in the 2017 effective tax rate was due primarily to expense related to the U. S.  tax reform one-time transition tax and remeasurement of deferred tax assets.\nFurther, the 2016 rate was impacted by the items described below.\nIncome tax expense decreased $380 million to $32 million in 2016 as compared to 2015.\nThe Company's effective tax rates were 17% and 42% for the years ended December 31, 2016 and 2015, respectively.\nThe net decrease in the 2016 effective tax rate was due, in part, to the 2016 asset impairments in the U. S. , as well as the devaluation of the peso in certain of our Mexican subsidiaries and the release of valuation allowance at certain of our Brazilian subsidiaries.\nThese favorable items were partially offset by the unfavorable impact of Chilean income tax law reform enacted during the first quarter of 2016.\nFurther, the 2015 rate was due, in part, to the nondeductible 2015 impairment of goodwill at DP&L and Chilean withholding taxes offset by the release of valuation allowance at certain of our businesses in Brazil, Vietnam and the U. S.  See Note 19—Asset Impairment Expense included in Item 8.\n—Financial Statements and Supplementary Data of this Form 10-K for additional information regarding the 2016 U. S.  asset impairments.\nSee Note 20—Income Taxes included in Item 8.\n—Financial Statements and Supplementary Data of this Form 10-K for additional information regarding the 2016 Chilean income tax law reform.\nOur effective tax rate reflects the tax effect of significant operations outside the U. S. , which are generally taxed at rates different than the U. S.  statutory rate.\nForeign earnings may be taxed at rates higher than the new U. S.  corporate rate of 21% and a greater portion of our foreign earnings may be subject to current U. S.  taxation under the new tax rules.\nA future proportionate change in the composition of income before income taxes from foreign and domestic tax jurisdictions could impact our periodic effective tax rate.\nThe Company also benefits from reduced tax rates in certain countries as a result of satisfying specific commitments regarding employment and capital investment.\nSee Note 20—Income Taxes included in Item 8.\n—Financial Statements and Supplementary Data of this Form 10-K for additional information regarding these reduced rates."}
{"_id": "d873038f2", "title": "", "text": "| Millions of kWhs Twelve Months Ended Percent Variation | Description | Residential/Religious | Commercial/Industrial | Other | Total Full Service Customers | Retail access customers | Sub-total | NYPA, Municipal Agency and Other Sales | Total Service Area |"}
{"_id": "d8e3a8ff8", "title": "", "text": "| Year Ended December 31, 2015 | PFI excludingClosed Block Division | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial mortgage and other loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Investment income after investment expenses | Investment results of other entities and operations-2 | Total investment income |"}
{"_id": "d8e2e8992", "title": "", "text": "Table of Contents is substantially related to additional service contracts for the increased number of Selenia systems in our installed base.\nThis segment incurred an operating loss in fiscal 2009 compared to operating income in fiscal 2008 primarily due to a $265.9 million goodwill impairment charge recorded in the second quarter related to our MammoSite reporting unit in addition to the reduction of revenue discussed above and lower gross margins, partially offset by a reduction of operating expenses from our cost reduction initiatives implemented in the first half of fiscal 2009.\nOur gross margin in this business segment was 47% in fiscal 2009 compared to 51% in fiscal 2008.\nThe decrease in gross margin was primarily attributable to lower absorption of manufacturing costs due to lower volumes, an increase of $8.8 million in amortization expense of intangible assets, and to a lesser extent, a slight deterioration of average selling prices driven by the current economic environment for capital purchases, and less expensive configurations of the units being sold.\nIn addition, included in cost of product sales was approximately $1.9 million of costs related to the closure of our manufacturing facility in Shanghai.\nThis segment incurred charges of $3.3 million in fiscal 2008 related to sales of acquired MammoSite inventory that was written up to fair value for purchase accounting purposes."}
{"_id": "d883e6d40", "title": "", "text": "| ($ in millions) 2010 2009 | Immediate fixed annuities: | Structured settlement annuities | Other immediate fixed annuities | Traditional life insurance | Accident and health insurance | Other | Total reserve for life-contingent contract benefits |"}
{"_id": "d884f241e", "title": "", "text": "| (in millions) Total Less than 1 year 1 to 3 years 3 to 5 years After 5 years | Long-term borrowed funds-1 | Operating lease obligations | Term deposits-1 | Purchase obligations-2 | Total outstanding contractual obligations |"}
{"_id": "d89f8692e", "title": "", "text": "| Other-Than-Temporary Impairments (OTTI) on Investments Year ended December 31, 2009 | In millions of dollars | Impairment losses related to securities that the Company does not intend to sell nor will | likely be required to sell | Total OTTI losses recognized during the year ended December 31, 2009 | Less: portion of OTTI loss recognized in AOCI (before taxes) | Net impairment losses recognized in earnings for securities that the Company does not intend | to sell nor will likely be required to sell | OTTI losses recognized in earnings for securities that the Company intends to sell or more- | likely-than-not will be required to sell before recovery | Total impairment losses recognized in earnings |"}
{"_id": "d81642b9a", "title": "", "text": "| 2004 2003 | ($ in millions) | Notes and other long-term assets | Long-term debt and other long-term liabilities | Derivative instruments | 2006 | ($ in millions) | Operating income (loss) | Gains and other income (expense) | Interest income, provision for loan losses and interest expense | Equity in earnings (losses) | Income (loss) before income taxes and minority interest | Tax (provision) benefit | Tax credits | Total tax (provision) benefit | Income from continuing operations before minority interest | Minority interest | Income from continuing operations |"}
{"_id": "d8f68a3ec", "title": "", "text": "| Years ended December 31, | 2009 | Net loss on early extinguishment of debt | Gains (losses) on sales of businesses and investments | Vendor discounts and credit adjustments | Litigation settlement | Investment impairments | Other income, net | Total other income, net |"}
{"_id": "d8d96049c", "title": "", "text": "| Net sales $3,410 | Cost of sales | Severance charges | Gross profit | Other income, net | Operating profit | Earnings from discontinued operations before income taxes | Income tax expense | Net gain on divestiture of discontinued operations | Net earnings from discontinued operations |"}
{"_id": "d8d9ffb1e", "title": "", "text": "Related-Party Transactions Prior to the Disposition, the Company was a wholly-owned subsidiary of McDonalds.\nTransactions through the date of separation are considered related-party transactions and are discussed below.\nThe consolidated statement of income reflects charges from McDonalds of $8,667 for the year ended December 31, 2006.\nThese charges primarily related to reimbursements of payroll and related expenses for certain McDonalds employees that performed services for the Company, insurance coverage, software maintenance agreements and non-income based taxes.\nThe charges were specifically identifiable to the Company.\nThe Company cannot estimate with any reasonable certainty what these charges would have been on a standalone basis.\nHowever, the Company feels that these charges are indicative of what it could have incurred on a stand-alone basis."}
{"_id": "d885112f6", "title": "", "text": "Below-investment grade corporate fixed income portfolio Below-investment grade securities have different characteristics than investment grade corporate debt securities.\nRisk of loss from default by the borrower is greater with below-investment grade securities.\nBelow-investment grade securities are generally unsecured and are often subordinated to other creditors of the issuer.\nAlso, issuers of below-investment grade securities usually have higher levels of debt and are more sensitive to adverse economic conditions, such as recession or increasing interest rates, than are investment grade issuers.\nAt December 31, 2010, our fixed income investment portfolio included belowinvestment grade and non-rated securities which, in total, comprised approximately 14 percent of our fixed income portfolio.\nOur below-investment grade and non-rated portfolio includes approximately 650 issuers, with the greatest single exposure being $72 million.\nWe manage high yield bonds as a distinct and separate asset class from investment grade bonds.\nThe allocation to high yield bonds is explicitly set by internal management and is targeted to securities in the upper tier of credit quality (BB/B).\nOur minimum rating for initial purchase is BB/B.\nSix external investment managers are responsible for high yield security selection and portfolio construction.\nOur high yield managers have a conservative approach to credit selection and very low historical default experience.\nHoldings are highly diversified across industries and subject to a 1.5 percent issuer limit as a percentage of high yield allocation.\nWe monitor position limits daily through an internal compliance system.\nDerivative and structured securities (e. g.  credit default swaps and collateralized mortgage obligations) are not permitted in the high-yield portfolio."}
{"_id": "d8b37872a", "title": "", "text": "Table of Contents ADOBE INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Stock Options The 2003 Plan allows us to grant options to all employees, including executive officers, outside consultants and nonemployee directors.\nThis plan will continue until the earlier of (i) termination by the Board or (ii) the date on which all of the shares available for issuance under the plan have been issued and restrictions on issued shares have lapsed.\nOption vesting periods used in the past were generally four years and expire seven years from the effective date of grant.\nWe eliminated the use of stock option grants for all employees and non-employee directors but may choose to issue stock options in the future.\nPerformance Share Programs Our 2018, 2017 and 2016 Performance Share Programs aim to help focus key employees on building stockholder value, provide significant award potential for achieving outstanding Company performance and enhance the ability of the Company to attract and retain highly talented and competent individuals.\nThe Executive Compensation Committee of our Board of Directors approves the terms of each of our Performance Share Programs, including the award calculation methodology, under the terms of our 2003 Plan.\nShares may be earned based on the achievement of an objective relative total stockholder return measured over a three-year performance period.\nPerformance share awards will be awarded and fully vest upon the later of the Executive Compensation Committee's certification of the level of achievement or the three-year anniversary of each grant.\nProgram participants generally have the ability to receive up to 200% of the target number of shares originally granted.\nOn January 24, 2018, the Executive Compensation Committee approved the 2018 Performance Share Program, the terms of which are similar to prior year performance share programs as discussed above.\nAs of November 30, 2018, the shares awarded under our 2018, 2017 and 2016 Performance Share Programs are yet to be achieved.\nIssuance of Shares Upon exercise of stock options, vesting of restricted stock units and performance shares, and purchases of shares under the ESPP, we will issue treasury stock.\nIf treasury stock is not available, common stock will be issued.\nIn order to minimize the impact of on-going dilution from exercises of stock options and vesting of restricted stock units and performance shares, we instituted a stock repurchase program.\nSee Note 12 for information regarding our stock repurchase programs.\nValuation of Stock-Based Compensation Stock-based compensation cost is measured at the grant date based on the fair value of the award.\nOur performance share awards are valued using a Monte Carlo Simulation model.\nThe fair value of the awards are fixed at grant date and amortized over the longer of the remaining performance or service period.\nWe use the Black-Scholes option pricing model to determine the fair value of ESPP shares.\nThe determination of the fair value of stock-based payment awards on the date of grant using an option pricing model is affected by our stock price as well as assumptions regarding a number of complex and subjective variables.\nThese variables include our expected stock price volatility over the expected term of the awards, actual and projected employee stock option exercise behaviors, a risk-free interest rate and any expected dividends.\nThe expected term of ESPP shares is the average of the remaining purchase periods under each offering period.\nThe assumptions used to value employee stock purchase rights were as follows:"}
{"_id": "d8855e100", "title": "", "text": "| (Millions of dollars) 2017 2016 | Caterpillar dealer performance guarantees | Customer loan guarantees | Supplier consortium performance guarantees | Third party logistics business lease guarantees | Other guarantees | Total guarantees |"}
{"_id": "d82729cb0", "title": "", "text": "| 2015 2014 2013 | Cash provided by operating activities | Purchases of property and equipment | Proceeds from sales of property and equipment | Free cash flow |"}
{"_id": "d87a5ccca", "title": "", "text": "Income taxes paid in 2011, 2010 and 2009 were $2.7 billion, $1.6 billion and $958 million, respectively.\nStock option exercises did not have a significant impact on taxes paid in 2011, 2010 or 2009.\nA reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:"}
{"_id": "d87e41c6e", "title": "", "text": "| In millions 2006 2005 2004 | Printing Papers | Industrial Packaging | Consumer Packaging | Distribution | Forest Products | Subtotal | Corporate and other | Total from continuing operations | In millions | Insurance settlements | Income recognized | Cash settlements received, net |"}
{"_id": "d8cc1611a", "title": "", "text": "| Average Daily Paid Print Circulation-1 Total Paid Subscribers for Combined Masthead (Print and Digital)(2) Total Monthly Audience for Combined Masthead (Print and Digital)(3) | The Australian (Mon – Fri) | The Weekend Australian (Sat) | The Daily Telegraph (Mon – Sat) | The Sunday Telegraph | Herald Sun (Mon – Sat) | Sunday Herald Sun | The Courier Mail (Mon – Sat) | The Sunday Mail | The Advertiser (Mon – Sat) | Sunday Mail |"}
{"_id": "d8bc26e4e", "title": "", "text": "(1) Unrealized gains or losses on short-term investments, restricted cash and short-term investments and derivatives qualifying for hedge accounting are recorded in accumulated other comprehensive income (loss) at each measurement date.\n(2) The Company’s short-term investments mature in one year or less except for $250 million of bank notes/certificates of deposit/time deposits, $511 million of U. S.  Government agency investments and $2.1 billion of corporate obligations."}
{"_id": "d886aa4aa", "title": "", "text": "| Grant Year Grant Date Expected Life Expected Volatility Expected Dividend Yield Risk Free Interest Rate Weighted-Average Grant Date Fair Value Per Share | 2013 | 2012 | 2011 |"}
{"_id": "d8847cee4", "title": "", "text": "| 2011 2010 | Notes | Capital lease obligations | Total debt and capital lease obligations | Less: current portion | Debt and capital lease obligations | Volatility Factor | 10% Lower | (dollars in millions) | Expected Life in Years | Average minus approximately 1.5 years | Average – 2.4 years | Average plus approximately 1.6 years |"}
{"_id": "d8ee83f86", "title": "", "text": "| 2014 2013 | Unrecognized tax benefit at January 1 | No activity | Unrecognized tax benefit at December 31 |"}
{"_id": "d8b14ccd0", "title": "", "text": "| Balance at January 1, 2012 $158,578 | Increases in current period tax positions | Decreases in prior period measurement of tax positions | Balance at December 31, 2012 | Increases in current period tax positions | Decreases in prior period measurement of tax positions | Balance at December 31, 2013 |"}
{"_id": "d8f2c17b0", "title": "", "text": "Note 20: Segment Information The Company’s operating segments are comprised of the revenue-generating components of its businesses for which separate financial information is internally produced and regularly used by management to make operating decisions and assess performance.\nThe Company operates its businesses primarily through one reportable segment, the Regulated Businesses segment.\nThe Company also operates market-based businesses that provide a broad range of related and complementary water and wastewater services within non-reportable operating segments, collectively referred to as the Market-Based Businesses.\nThe Regulated Businesses segment is the largest component of the Company’s business and includes 20 subsidiaries that provide water and wastewater services to customers in 16 states.\nThe Company’s primary Market-Based Businesses include the Homeowner Services Group, which provides warranty protection programs to residential and smaller commercial customers; the Military Services Group, which provides water and wastewater services to the U. S.  government on military installations; and Keystone, which provides water transfer services for shale natural gas exploration and production companies.\nSupplementary Information on Oil and Gas Producing Activities (Unaudited) The supplementary information is disclosed by the following geographic areas: the United States; Europe, which primarily includes activities in the United Kingdom, Ireland and Norway; Africa, which primarily includes activities in Angola, Equatorial Guinea, Gabon and Libya; and Other International, which includes activities in Canada, and other international locations outside of Europe and Africa.\nDiscontinued operations represent Marathon’s Russian oil exploration and production businesses that were sold in 2006."}
{"_id": "d87851de0", "title": "", "text": "Goodwill Impairment As previously discussed in Critical Accounting Policies, Estimates and Judgments in Item 7, we perform impairment tests for goodwill as of November 30 each year, or when evidence of potential impairment exists.\nWe record a charge to operations when we determine that an impairment has occurred.\nExcept for long-term debt, the carrying amounts of the Company’s other financial instruments are measured at fair value or approximate fair value due to the short-term nature of these instruments.\nAsset Retirement Obligations—The Company records all known asset retirement obligations within other current liabilities for which the liability’s fair value can be reasonably estimated, including certain asbestos removal, asset decommissioning and contractual lease restoration obligations.\nThe changes in the asset retirement obligation carrying amounts during 2011, 2010 and 2009 were as follows:"}
{"_id": "d8da8a282", "title": "", "text": "| Balance as of September 30, 2007 $475 | Increases related to tax positions taken during a prior period | Decreases related to tax positions taken during a prior period | Increases related to tax positions taken during the current period | Decreases related to settlements with taxing authorities | Decreases related to expiration of statute of limitations | Balance as of September 27, 2008 |"}
{"_id": "d8d1db0a0", "title": "", "text": "Additional Disclosures for Derivative Instruments.\nIn March 2008, the FASB issued authoritative guidance for derivative instruments and hedging activities, which requires enhanced disclosures on derivative instruments and hedged items.\nOn January 1, 2009, the Company adopted the additional disclosure for the equity index put options.\nNo comparative information for periods prior to the effective date was required.\nThis guidance had no impact on how the Company records its derivatives."}
{"_id": "d89eb89c0", "title": "", "text": "In June 2009, the FASB issued guidance on accounting for transfers of financial assets.\nThis guidance amends various components of the existing guidance governing sale accounting, including the recognition of assets obtained and liabilities assumed as a result of a transfer, and considerations of effective control by a transferor over transferred assets.\nIn addition, this guidance removes the exemption for qualifying special purpose entities from the consolidation guidance.\nThis guidance is effective January 1, 2010, with early adoption prohibited.\nWhile the amended guidance governing sale accounting is applied on a prospective basis, the removal of the qualifying special purpose entity exception will require us to evaluate certain entities for consolidation.\nWhile we are evaluating the effect of adoption of this guidance, we currently believe that its adoption will not have a material impact on our consolidated financial statement."}
{"_id": "d8b477c2a", "title": "", "text": "CASH FROM OPERATING ACTIVITIES – Cash provided by operations, which consists primarily of cash received from customers, decreased $75.0 million from fiscal year 2010.\nCash payments for representation and warranty obligations of our discontinued mortgage business totaled $61.9 million in fiscal year 2011, compared to $18.4 million in fiscal year 2010 and $36.5 million in fiscal year 2009.\nRestricted Cash.\nWe hold certain cash balances that are restricted as to use.\nCash and cash equivalents – restricted totaled $48.4 million at April 30, 2011, and primarily consisted of cash held by our captive insurance subsidiary that will be used to pay claims.\nCASH FROM INVESTING ACTIVITIES – Changes in cash provided by investing activities primarily relate to the following: Purchases of Available-for-Sale Securities.\nDuring fiscal year 2011, HRB Bank purchased $138.8 million in mortgage-backed securities forregulatory purposes.\nSee additional discussion in Item 8, note 4 to the consolidated financial statements.\nMortgage Loans Held for Investment.\nWe received net proceeds of $58.5 million, $72.8 million and $91.3 million on our mortgage loans held for investment in fiscal years 2011, 2010 and 2009, respectively.\nPurchases of Property and Equipment.\nTotal cash paid for property and equipment was $63.0 million, $90.5 million and $97.9 million for fiscal years 2011, 2010 and 2009, respectively.\nBusiness Acquisitions.\nTotal cash paid for acquisitions was $54.2 million, $10.5 million and $293.8 million during fiscal years 2011, 2010 and 2009, respectively.\nIn July 2010 our Business Services segment acquired Caturano, a Boston-based accounting firm, and cash used in investing activities includes payments totaling $32.6 million related to this acquisition.\nSee additional discussion in Item 8, note 2 to the consolidated financial statements.\nIn November 2008, we acquired our last major independent franchise operator for an aggregate purchase price of $279.2 million.\nIn October 2010, we signed a definitive merger agreement to acquire all of the outstanding shares of 2SS Holdings, Inc.  (“2SS”), developer of TaxACT digital tax preparation solutions, for $287.5 million in cash.\nCompletion of the transaction is subject to the satisfaction of customary closing conditions, including regulatory approval.\nIn May 2011, the United States Department of Justice (the “DOJ”) filed a civil antitrust lawsuit to block our proposed acquisition of 2SS.\nOn June 21, 2011, the parties to the merger agreement signed an"}
{"_id": "d8d5115d0", "title": "", "text": "| Before Adoption of SFAS No. 158 Adjustments (In thousands) After Adoption of SFAS No. 158 | Accumulated other comprehensive income | Total stockholders’ equity |"}
{"_id": "d8ec130bc", "title": "", "text": "| 2011 2010 | Deferred tax assets: | Acquired technology | Reserves and accruals | Deferred revenue | Unrealized losses on investments | Stock-based compensation | Net operating loss of acquired companies | Credit carryforwards | Capitalized expenses | Other | Total gross deferred tax assets | Deferred tax asset valuation allowance | Total deferred tax assets | Deferred tax liabilities: | Depreciation and amortization | Undistributed earnings of foreign subsidiaries | Acquired intangible assets | Total deferred tax liabilities | Net deferred tax (liabilities) assets |"}
{"_id": "d8187d720", "title": "", "text": "| Aircraft manufacturing and outfitting $68 | Pre-owned aircraft | Aircraft services | SG&A/other | Total increase in operating earnings |"}
{"_id": "d86d16426", "title": "", "text": "| As of October 31, | 2019 | Dollars in millions | Short-term debt | Long-term debt | Weighted-average interest rate | Shares (in millions) | Balance at November 30, 2015 | RSAs/RSUs assumed | Granted | Vested | Forfeited | Balance at November 30, 2016 |"}
{"_id": "d8dc238dc", "title": "", "text": "| Noninvestment-grade Collateral held against | As of December 31, 2004 | (in millions, except ratios) | Top 10 industries(a)Banks and finance companies | Real estate | Consumer products | Healthcare | State and municipal governments | Utilities | Retail and consumer services | Oil and gas | Asset managers | Securities firms and exchanges | All other | Total excluding HFS | Held-for-sale(c) | Total exposure |"}
{"_id": "d8da9f952", "title": "", "text": "Entergy Corporation and Subsidiaries Notes to Financial Statements 171 Ouachita In September 2008, Entergy Arkansas purchased the Ouachita Plant, a 789 MW three-train gas-fired combined cycle generating turbine (CCGT) electric power plant located 20 miles south of the Arkansas state line near Sterlington, Louisiana, for approximately $210 million from a subsidiary of Cogentrix Energy, Inc.  Entergy Arkansas received the plant, materials and supplies, and related real estate in the transaction.\nThe FERC and the APSC approved the acquisition.\nThe APSC also approved the recovery of the acquisition and ownership costs through a rate rider and the planned sale of one-third of the capacity and energy to Entergy Gulf States Louisiana.\nThe LPSC also approved the purchase of one-third of the capacity and energy by Entergy Gulf States Louisiana, subject to certain conditions, including a study to determine the costs and benefits of Entergy Gulf States Louisiana exercising an option to purchase one-third of the plant (Unit 3) from Entergy Arkansas.\nEntergy Gulf States Louisiana is scheduled to report the results of that study by March 30, 2009.\nPalisades In April 2007, Entergy's Non-Utility Nuclear business purchased the 798 MW Palisades nuclear energy plant located near South Haven, Michigan from Consumers Energy Company for a net cash payment of $336 million.\nEntergy received the plant, nuclear fuel, inventories, and other assets.\nThe liability to decommission the plant, as well as related decommissioning trust funds, was also transferred to Entergy's Non-Utility Nuclear business.\nEntergy's Non-Utility Nuclear business executed a unit-contingent, 15-year purchased power agreement (PPA) with Consumers Energy for 100% of the plant's output, excluding any future uprates.\nPrices under the PPA range from $43.50/MWh in 2007 to $61.50/MWh in 2022, and the average price under the PPA is $51/MWh.\nIn the first quarter 2007, the NRC renewed Palisades' operating license until 2031.\nAs part of the transaction, Entergy's NonUtility Nuclear business assumed responsibility for spent fuel at the decommissioned Big Rock Point nuclear plant, which is located near Charlevoix, Michigan.\nPalisades' financial results since April 2007 are included in Entergy's Non-Utility Nuclear business segment.\nThe following table summarizes the assets acquired and liabilities assumed at the date of acquisition."}
{"_id": "d8a6e6f20", "title": "", "text": "Note D — Short-Term Borrowing In October 2011, Con Edison and the Utilities entered into a Credit Agreement (Credit Agreement), under which banks are committed to provide loans and letters of credit on a revolving credit basis, and terminated their Amended and Restated Credit Agreement (Prior Credit Agreement) which was to expire in June 2012.\nUnder the Credit Agreement, which expires in October 2016, there is a maximum of $2.25 billion of credit available, with the full amount available to CECONY and $1 billion available to Con Edison, including up to $1.2 billion of letters of credit.\nThe Credit Agreement supports the Companies’ commercial paper programs.\nThe Companies have not borrowed under the Credit Agreement.\nAt December 31, 2011 and 2010, Con Edison and CECONY had no commercial paper outstanding.\nThe banks’ commitments under the Credit Agreement are subject to certain conditions, including that there be no event of default.\nThe commitments are not subject to maintenance of credit rating levels or the absence of a material adverse change.\nUpon a change of control of, or upon an event of default by one of the Companies, the banks may terminate their commitments with respect to that company, declare any amounts owed by that company under the Credit Agreement immediately due and payable and require that company to provide cash collateral relating to the letters of credit issued for it under the Credit Agreement.\nEvents of default include the exceeding at any time of a ratio of consolidated debt to consolidated total capital of 0.65 to 1 (at December 31, 2011 this ratio was 0.48 to 1 for Con Edison and CECONY); having liens on its assets in an aggregate amount exceeding 5 percent of its consolidated total capital, subject to certain exceptions; and the failure, following any applicable notice period, to meet certain other customary covenants.\nInterest and fees charged for the revolving credit facilities and any loans made or letters of credit issued under the Credit Agreement reflect the Companies’ respective credit ratings."}
{"_id": "d814d931c", "title": "", "text": "| Years ended December 31, 2010 2009 2008 | Revenue | Operating income | Operating margin |"}
{"_id": "d8d42a842", "title": "", "text": "| 1. Consolidated Financial Statements: | Management Report on Internal Controls — For the year ended Dec. 31, 2009. | Reports of Independent Registered Public Accounting Firm — For the years ended Dec. 31, 2009, 2008 and 2007. | Consolidated Statements of Income — For the three years ended Dec. 31, 2009, 2008 and 2007. | Consolidated Statements of Cash Flows — For the three years ended Dec. 31, 2009, 2008 and 2007. | Consolidated Balance Sheets — As of Dec. 31, 2009 and 2008. | 2. | Schedule II — Valuation and Qualifying Accounts and Reserves for the years ended Dec. 31, 2009, 2008 and 2007. | 3. |"}
{"_id": "d8b642d3e", "title": "", "text": "| Year ended December 31, Operating revenue (loss) Change from Operating earnings (losses) Change from Return on allocated capital | (in millions, except ratios) | Investment Bank | Treasury & Securities Services | Investment Management &Private Banking | JPMorgan Partners | Chase Financial Services | Support Units and Corporate | JPMorgan Chase |"}
{"_id": "d8a4637b2", "title": "", "text": "| Amount (In Millions) | 2007 net revenue | Realized price changes | Palisades acquisition | Volume variance (other than Palisades) | Fuel expenses (other than Palisades) | Other | 2008 net revenue |"}
{"_id": "d8f287038", "title": "", "text": "| 2011 2010 | Revenue | Oilfield Services | Reservoir Characterization | Drilling | Reservoir Production | Eliminations & other | 36,959 | Distribution | Eliminations | 2,581 | Corporate & other-1 | Interest income-2 | Interest expense-3 | Charges & credits-4 | $39,540 |"}
{"_id": "d871f3430", "title": "", "text": "| For the fiscal years ended June 30, | (in millions) | Gain on iProperty transaction(a) | Impairment of marketable securities and cost method investments(b) | Gain on sale of marketable securities(c) | Dividends received from cost method investments | Gain on sale of cost method investments | Other | Total Other, net |"}
{"_id": "d8dfb974e", "title": "", "text": "| Due in | 1 Year or Less | (in 000’s) | Commercial Loans | Real Estate Construction Loans | Commercial Real Estate Loans | Residential Mortgage Loans | Consumer Loans | Total Loans |"}
{"_id": "d8b3fe5aa", "title": "", "text": "18.\nCommitments and Contingencies Asserted and Unasserted Claims – Various claims and lawsuits are pending against us and certain of our subsidiaries.\nWe cannot fully determine the effect of all asserted and unasserted claims on our consolidated results of operations, financial condition, or liquidity.\nTo the extent possible, we have recorded a liability where asserted and unasserted claims are considered probable and where such claims can be reasonably estimated.\nWe do not expect that any known lawsuits, claims, environmental costs, commitments, contingent liabilities, or guarantees will have a material adverse effect on our consolidated results of operations, financial condition, or liquidity after taking into account liabilities and insurance recoveries previously recorded for these matters.\nPersonal Injury – The cost of personal injuries to employees and others related to our activities is charged to expense based on estimates of the ultimate cost and number of incidents each year.\nWe use an actuarial analysis to measure the expense and liability, including unasserted claims.\nThe Federal Employers’ Liability Act (FELA) governs compensation for work-related accidents.\nUnder FELA, damages are assessed based on a finding of fault through litigation or out-of-court settlements.\nWe offer a comprehensive variety of services and rehabilitation programs for employees who are injured at work.\nOur personal injury liability is not discounted to present value due to the uncertainty surrounding the timing of future payments.\nApproximately 95% of the recorded liability is related to asserted claims and approximately 5% is related to unasserted claims at December 31, 2017.\nBecause of the uncertainty surrounding the ultimate outcome of personal injury claims, it is reasonably possible that future costs to settle these claims may range from approximately $285 million to $310 million.\nWe record an accrual at the low end of the range as no amount of loss within the range is more probable than any other.\nEstimates can vary over time due to evolving trends in litigation.\nAs of Dec.  31, 2005, the VaRs for the commodity trading operations were:"}
{"_id": "d89cd4b4a", "title": "", "text": "| North America Asia Europe Total | December 29, 2007 | Net sales to external customers | Long-lived assets | Net assets | December 30, 2006 | Net sales to external customers | Long-lived assets | Net assets | December 31, 2005 | Net sales to external customers | Long-lived assets | Net assets |"}
{"_id": "d8dcf0c6a", "title": "", "text": "?\nFuel Prices – Crude oil prices increased at a steady rate in 2007, rising from a low of $56.58 per barrel in January to close at nearly $96.00 per barrel at the end of December.\nOur 2007 average fuel price increased by 9% and added $242 million of operating expenses compared to 2006.\nOur fuel surcharge programs are designed to help offset the impact of higher fuel prices.\nIn addition, our fuel conservation efforts allowed us to improve our consumption rate by 2%.\nLocomotive simulator training, operating practices, and technology all contributed to this improvement, saving approximately 21 million gallons of fuel in 2007.  ?"}
{"_id": "d8988f5c6", "title": "", "text": "| 2015 2014 2013 | Stock options | RSUs | ESPP | Stock-based compensation | Income tax benefit | Stock-based compensation expense, net of tax |"}
{"_id": "d88c1f0f2", "title": "", "text": "| 2013 2012 | Notional Principal | Instruments designated as accounting hedges: | Foreign exchange contracts | Interest rate contracts | Instruments not designated as accounting hedges: | Foreign exchange contracts |"}
{"_id": "d878b7f78", "title": "", "text": "| (Dollars in millions) Multi-Seller Conduits Loan and Other Investment Vehicles CDOs Leveraged Lease Trusts Other Vehicles Total | Consolidated VIEs, December 31, 2009 | Maximum loss exposure | Consolidated Assets-1 | Trading account assets | Derivative assets | Available-for-sale debt securities | Held-to-maturity debt securities | Loans and leases | All other assets | Total | Consolidated Liabilities-1 | Commercial paper and other short-term borrowings | All other liabilities | Total | Consolidated VIEs, December 31, 2008 | Maximum loss exposure | Total assets of VIEs-1 |"}
{"_id": "d893a2342", "title": "", "text": "UNITED PARCEL SERVICE, INC.  AND SUBSIDIARIES MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 25 Revenue The change in overall revenue was impacted by the following factors for the years ended December 31, 2012 and 2011, compared with the corresponding prior year periods:"}
{"_id": "d893a24aa", "title": "", "text": "UNITED PARCEL SERVICE, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 81 NOTE 7.\nDEBT AND FINANCING ARRANGEMENTS The following table sets forth the principal amount, maturity or range of maturities, as well as the carrying value of our debt obligations, as of December 31, 2012 and 2011 (in millions).\nThe carrying value of these debt obligations can differ from the principal amount due to the impact of unamortized discounts or premiums and valuation adjustments resulting from interest rate swap hedging relationships."}
{"_id": "d8c3675be", "title": "", "text": "| 2013 2012 | December 31, (in millions) | Loans(a) | Nonaccrual loans | Loans reported as trading assets | Loans(d) | Subtotal | All other performing loans | Loans reported as trading assets | Loans(d) | Total loans | Long-term debt | Principal-protected debt | Nonprincipal-protected debt(b) | Total long-term debt | Long-term beneficial interests | Nonprincipal-protected debt(b) | Total long-term beneficial interests |"}
{"_id": "d8157dce6", "title": "", "text": "| (In millions) North America EMEA Latin America APAC Total | 2016 Net Sales | Volume – Units | Price/mix-1 | Total organic change (non-U.S. GAAP) | Acquisition | Total constant dollar change (non-U.S. GAAP) | Foreign currency translation | Total change (U.S. GAAP) | 2017 Net Sales |"}
{"_id": "d8a8badc4", "title": "", "text": "| At December 31, | (dollar amounts in millions) | Commercial:-1 | Commercial and industrial | Commercial real estate: | Construction | Commercial | Total commercial real estate | Total commercial | Consumer: | Automobile-2 | Home equity | Residential mortgage | Other consumer | Total consumer | Total loans and leases |"}
{"_id": "d8b66f50a", "title": "", "text": "Interest Expense Interest expense allocable to continuing operations increased from $220.5 million in 2011 to $245.2 million in 2012.\nWe had $47.4 million of interest expense allocated to discontinued operations in 2011, associated with the properties that were disposed of during 2011, compared to the allocation of only $3.1 million of interest expense to discontinued operations for 2012.\nTotal interest expense, combined for continuing and discontinued operations, decreased from $267.8 million in 2011 to $248.3 million in 2012.\nThe reduction in total interest expense was primarily the result of a lower weighted average borrowing rate in 2012, due to refinancing some higher rate bonds in 2011 and 2012, as well as a slight decrease in our average level of borrowings compared to 2011.\nAlso, due to an increase in properties under development from 2011, which met the criteria for capitalization of interest and were financed in part by common equity issuances during 2012, a $5.0 million increase in capitalized interest also contributed to the decrease in total interest expense in 2012.\nAcquisition-Related Activity During 2012, we recognized approximately $4.2 million in acquisition costs, compared to $2.3 million of such costs in 2011.\nThe increase from 2011 to 2012 is the result of acquiring a higher volume of medical office properties, where a higher level of acquisition costs are incurred than other property types, in 2012.\nDuring 2011, we also recognized a $1.1 million gain related to the acquisition of a building from one of our 50%-owned unconsolidated joint ventures.\nDiscontinued Operations Subject to certain criteria, the results of operations for properties sold during the year to unrelated parties, or classified as held-for-sale at the end of the period, are required to be classified as discontinued operations.\nThe property specific components of earnings that are classified as discontinued operations include rental revenues, rental expenses, real estate taxes, allocated interest expense and depreciation expense, as well as the net gain or loss on the disposition of properties.\nThe operations of 150 buildings are currently classified as discontinued operations.\nThese 150 buildings consist of 114 office, 30 industrial, four retail, and two medical office properties.\nAs a result, we classified operating losses, before gain on sales, of $1.5 million, $1.8 million and $7.1 million in discontinued operations for the years ended December 31, 2012, 2011 and 2010, respectively.\nOf these properties, 28 were sold during 2012, 101 properties were sold during 2011 and 19 properties were sold during 2010.\nThe gains on disposal of these properties of $13.5 million, $100.9 million and $33.1 million for the years ended December 31, 2012, 2011 and\nTHE INTERPUBLIC GROUP OF COMPANIES, INC.  AND SUBSIDIARIES MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS — (Continued) (Amounts in Millions, Except Per Share Amounts) sale of our remaining equity ownership interest in an agency within FCB, and net gains on sales of available-for-sale securities of $7.9, of which $3.8 related to appreciation of Rabbi Trust investments restricted for the purpose of paying our deferred compensation and deferred benefit arrangement liabilities.\nInvestment Impairments — We recorded charges of $12.2 during 2005, primarily related to a $7.1 adjustment of the carrying amount of our remaining unconsolidated investment in Latin America to fair value as a result of our intent to sell and $3.7 related to a decline in value of certain available-for-sale investments that were determined to be other than temporary.\nWe recorded investment impairment charges of $63.4 during 2004, primarily related to a $50.9 charge for an unconsolidated investment in a German advertising agency as a result of a decrease in projected operating results.\nAdditionally, we recorded impairment charges of $4.7 related to unconsolidated affiliates primarily in Israel, Brazil, Japan and India, and $7.8 related to several other available-for-sale investments.\nLitigation Reversals — During 2004 the settlement of thirteen class actions under the federal securities laws became final and we agreed to pay $115.0, comprised of $20.0 in cash and $95.0 in shares of our common stock valued at $14.50 per share.\nWe received insurance proceeds of $20.0, which we recorded as a reduction in litigation charges.\nWe also recorded a reduction of $12.5 relating to a decrease in the share price between the tentative settlement date and the final settlement date."}
{"_id": "d8bdb7308", "title": "", "text": "2016 Share Repurchase Program\\\nOn February 10, 2017, we announced that our Board had approved a new share repurchase program to repurchase from time to time up to $300.0 million, excluding fees, of our common stock.\nThe new authorization is in addition to any amounts remaining for repurchase under the 2016 Share Repurchase Program.\nThere is no expiration date associated with the share repurchase programs."}
{"_id": "d87b0fce4", "title": "", "text": "| Cash, net of cash acquired $366 | Fair value of contingent consideration | Fair value of debt repaid | $459 | Goodwill | Amortizable intangible assets | Inventory | Property, plant and equipment | Other net liabilities | Deferred income taxes | $459 | AmountAssigned(in millions) | Amortizable intangible assets: | Technology-related | Customer relationships | Other intangible assets | $228 |"}
{"_id": "d8f5be9a4", "title": "", "text": "ITEM 7 / ENTERPRISE RISK MANAGEMENT aggregate currency portfolio limits.\nAs a matter of general practice, we do not typically hedge our foreign currency exposures to net investments in subsidiaries.\nAt December 31, 2015, our foreign currency-denominated net asset position decreased by $1.3 billion, or 11.2 percent, compared to December 31, 2014.\nThe decrease was mostly due to a $1.7 billion decrease in our British pound position, primarily resulting from the unwinding of a cross-currency swap and a $737 million decrease in our Hong Kong dollar position, primarily resulting from the sale of ordinary shares in PICC P&C.\nThese decreases were partially offset by a $1.3 billion increase in our euro position, primarily resulting from debt repurchases and hedging.\nFor illustrative purposes, we modeled our sensitivities based on a 100 basis point increase in yield curves, a 20 percent decline in equities and alternative assets, and a 10 percent depreciation of all foreign currency exchange rates against the U. S.  dollar.\nThe estimated results presented in the table above should not be taken as a prediction, but only as a demonstration of the potential effects of such events.\nThe sensitivity factors utilized for 2015 and presented above were selected based on historical data from 1995 to 2015, as follows (see the table below): ?\na 100 basis point parallel shift in the yield curve is consistent with a one standard deviation movement of the benchmark ten-year treasury yield; ?\na 20 percent drop for equity and alternative investments is broadly consistent with a one standard deviation movement in the S&P 500; and ?\na 10 percent depreciation of foreign currency exchange rates is consistent with a one standard deviation movement in the U. S.  dollar (USD)/Great Britain pound (GBP) exchange rate."}
{"_id": "d8e3a8fc6", "title": "", "text": "| December 31, 2015 December 31, 2014 | (in millions) | Fixed maturities: | Public, available-for-sale, at fair value | Public, held-to-maturity, at amortized cost | Private, available-for-sale, at fair value | Private, held-to-maturity, at amortized cost | Trading account assets supporting insurance liabilities, at fair value | Other trading account assets, at fair value | Equity securities, available-for-sale, at fair value | Commercial mortgage and other loans, at book value | Policy loans, at outstanding balance | Other long-term investments-1 | Short-term investments | Total Japanese general account investments |"}
{"_id": "d885c4388", "title": "", "text": "Segment revenues constituted 10.4% of our consolidated revenues from continuing operations for fiscal year 2008, 9.7% for 2007 and 8.1% for 2006.\nH&R BLOCK FINANCIAL ADVISORS  HRBFA is a registered broker-dealer with the SEC and is a member of the New York Stock Exchange (NYSE), other national securities exchanges, Securities Investor Protection Corporation (SIPC) and the Financial Industry Regulatory Authority (FINRA).\nHRBFA is also a registered investment adviser.\nWe act as a dealer in fixed-income securities including corporate and municipal bonds, various U. S.  Government and U. S.  Government Agency securities and certificates of deposit.\nHRBFA is authorized to do business as a broker-dealer in all 50 states, the District of Columbia and Puerto Rico.\nAt the end of fiscal year 2008, we operated 183 branch offices, compared to 195 offices in 2007 and 219 in 2006.\nThe reduced number of branch offices is primarily due to the consolidation of smaller branches.\nFinancial Advisors.\nOur future success is dependent on retaining and recruiting productive financial advisors.\nDuring fiscal years 2008, 2007 and 2006, we added 126, 97 and 193 advisors, respectively.\nThese additions, partially offset by attrition, increased our number of advisors from 918 at April 30, 2007, to 984 at April 30, 2008.\nOur overall retention rate for fiscal year 2008 was 84%, up from nearly 80% last year.\nThe retention rate for our higherproducing advisors was approximately 94%, up from 92% in 2007.\nMinimum production requirements caused our overall advisor retention rate to lag our higher-producing advisor retention rate.\nAdvisor productivity is as follows:"}
{"_id": "d8f8d6826", "title": "", "text": "| in thousands 2010 2009 2008 | Accumulated Other Comprehensive Loss | Cash flow hedges | Pension and postretirement plans | Total |"}
{"_id": "d8ed43194", "title": "", "text": "Foreign Exchange Rates As a result of our international business presence, we are exposed to foreign currency exchange risks.\nWe transact business in foreign currencies and, as a result, our income experiences some volatility related to movements in foreign currency exchange rates.\nTo help manage our exposure to exchange rate volatility, we use foreign currency forward contracts on a regular basis to hedge forecasted intercompany and third-party sales and purchases denominated in non-functional currencies.\nOur internal policy allows for managing anticipated foreign currency cash flows for up to one year.\nThese foreign currency forward contracts are designated and qualify as foreign currency cash flow hedges under GAAP.\nThe effective portion of the unrealized gain or loss on the forward contract is deferred and reported as a component of Accumulated other comprehensive loss (AOCL).\nWhen the hedged forecasted transaction (sale or purchase) occurs, the unrealized gain or loss is reclassified into income in the same line item associated with the hedged transaction in the same period or periods during which the hedged transaction affects income.\nThe ineffective portion of the hedge, if any, is recognized in current income during the period of change.\nAs of December 31, 2013, the amount we expect to reclassify from AOCL to income over the next year is an unrealized net gain of $4 million.\nFor the years ended December 31, 2013 and 2012, there were no circumstances that would have resulted in the discontinuance of a foreign currency cash flow hedge."}
{"_id": "d8159e3d8", "title": "", "text": "Pro forma information related to the acquisition of Olmuksan has not been included as it does not have a material effect on the Company's consolidated results of operations."}
{"_id": "d8bf4f26a", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | Accrued liability – asbestos suits | Regulatory assets – asbestos suits | Accrued liability – workers’ compensation | Regulatory assets – workers’ compensation |"}
{"_id": "d8ce91f48", "title": "", "text": "| 2004 High Low | Quarter ended March 31 | Quarter ended June 30 | Quarter ended September 30 | Quarter ended December 31 | 2003 | Quarter ended March 31 | Quarter ended June 30 | Quarter ended September 30 | Quarter ended December 31 |"}
{"_id": "d887d2c38", "title": "", "text": "| First  Quarter Second  Quarter Third  Quarter Fourth  Quarter | 2012 Market price | High | Low | 2011 Market price | High | Low |"}
{"_id": "d87d57a38", "title": "", "text": "| 2002 2003 Change | Foreign currency transaction gains | Debt extinguishment expense | Loss on investments | Other, net | $1,435 |"}
{"_id": "d88ffb61c", "title": "", "text": "leveraged lease with any change in the recalculated net investment recognized as a gain or loss currently.\nCon Edison believes that its position on the LILOs is correct and is currently appealing the auditors proposal within the Internal Revenue Service.\nIf Con Edison is unsuccessful in defending its position, the company may be required to recalculate the leveraged leases, which could result in a charge to earnings, the amount of which could have a material adverse effect on Con Edisons results of operations.\nLiquidity and Capital Resources The Companies liquidity reflects cash flows from operating, investing and financing activities, as shown on their respective consolidated statement of cash flows and as discussed below.\nThe principal factors affecting Con Edisons liquidity are its investments in the Utilities, the dividends it pays to its shareholders and the dividends it receives from the Utilities.\nIn addition, in the 2004 and 2003 periods, Con Edison issued 16.7 million and 11.9 million shares of common stock for $578 and $436 million, respectively, of which $512 million and $378 million were invested in Con Edison of New York.\nCon Edison also issued $200 million of five-year debt in 2003 and $325 million of 40-year debt (most of which it invested in its unregulated subsidiaries) in 2002.\nThe principal factors affecting the Utilities liquidity are the cash flow generated from operations, construction expenditures and maturities of their debt securities.\nIn addition, Con Edison of New York in 2004 and 2003 received net capital contributions from Con Edison of $512 million and $378 million, respectively, and in 2004, 2003 and 2002 issued $95 million, $45 million and $225 million, respectively, of additional debt net of redemptions.\nIn 2003, O&R redeemed $35 million of debt at maturity with commercial paper.\nCon Edison of New Yorks expenditures have included approximately $447 million related to the attack on the World Trade Center and the subsequent restoration of lower Manhattan energy services and facilities; to date the company has received reimbursement of $76 million of such costs from insurance carriers and $63 million from the federal government and is pursuing further reimbursement of such costs.\nSee Note R to the financial statements.\nThe Companies current liabilities exceeded their current assets at December 31, 2004 and 2003.\nThe Companies generally maintain minimal cash balances and use short-term borrowing to meet their working capital needs and other cash requirements.\nThe Companies repay their short-term borrowings using cash flow from long-term financings and operating activities.\nThe Utilities cost of capital, including working capital, is reflected in the rates they charge to their customers.\nEach of the Companies believes that it will be able to meet its reasonably likely short-term and long-term cash requirements.\nSee Risk Factors, and Application of Critical Accounting Policies  Accounting for Contingencies, above, and Regulatory Matters, below.\nChanges in the Companies cash and temporary cash investments resulting from operating, investing and financing activities for the years ended December 31, 2004, 2003 and 2002 are summarized as follows: Con Edison"}
{"_id": "d879032b6", "title": "", "text": "| 2018 2017 | Class A Common Stock | Balance at beginning of year | Issue of shares on business combination at July 3, 2017 | Issue of shares upon vesting of restricted stock units-1 | Issue of shares on exercises of stock options-1 | Exchange of Class B Common Stock for Class A Common Stock-2 | Stock repurchase program-3 (4) | Balance at end of year | Year Ended December 31, | 2018 | Revenue: | Oilfield Services | Oilfield Equipment | Turbomachinery & Process Solutions | Digital Solutions | Total | Year Ended December 31, | 2018 | Segment operating income (loss): | Oilfield Services | Oilfield Equipment | Turbomachinery & Process Solutions | Digital Solutions | Total segment operating income | Corporate | Inventory impairment and related charges-1 | Restructuring, impairment and other | Merger and related costs | Operating income (loss) | Other non operating income, net | Interest expense, net | Income (loss) before income taxes and equity in loss of affiliate | Equity in loss of affiliate | Provision for income taxes | Net income (loss) |"}
{"_id": "d8d2243fe", "title": "", "text": "with APB No.25.\nInstead, companies will be required to account for such transactions using a fair-value method and recognize the related expense associated with share-based payments in the statement of operations.\nSFAS 123R is effective for us as of January 1, 2006.\nWe have historically accounted for share-based payments to employees under APB No.25’s intrinsic value method.\nAs such, we generally have not recognized compensation expense for options granted to employees.\nWe will adopt the provisions of SFAS 123R under the modified prospective method, in which compensation cost for all share-based payments granted or modified after the effective date is recognized based upon the requirements of SFAS 123R, and compensation cost for all awards granted to employees prior to the effective date that are unvested as of the effective date of SFAS 123R is recognized based on SFAS 123.\nTax benefits will be recognized related to the cost for share-based payments to the extent the equity instrument would ordinarily result in a future tax deduction under existing law.\nTax expense will be recognized to write off excess deferred tax assets when the tax deduction upon settlement of a vested option is less than the expense recorded in the statement of operations (to the extent not offset by prior tax credits for settlements where the tax deduction was greater than the fair value cost).\nWe estimate that we will recognize equity-based compensation expense of approximately $35 million to $38 million for the year ending December 31, 2006.\nThis amount is subject to revisions as we finalize certain assumptions related to 2006, including the size and nature of awards and forfeiture rates.\nSFAS 123R also requires the benefits of tax deductions in excess of recognized compensation cost be reported as a financing cash flow rather than as operating cash flow as was previously required.\nWe cannot estimate what the future tax benefits will be as the amounts depend on, among other factors, future employee stock option exercises.\nDue to the our tax loss position, there was no operating cash inflow realized for December 31, 2005 and 2004 for such excess tax deductions.\nIn March 2005, the SEC issued Staff Accounting Bulletin (SAB) No.107 regarding the Staff’s interpretation of SFAS 123R.\nThis interpretation provides the Staff’s views regarding interactions between SFAS 123R and certain SEC rules and regulations and provides interpretations of the valuation of share-based payments for public companies.\nThe interpretive guidance is intended to assist companies in applying the provisions of SFAS 123R and investors and users of the financial statements in analyzing the information provided.\nWe will follow the guidance prescribed in SAB No.107 in connection with our adoption of SFAS 123R."}
{"_id": "d867fd534", "title": "", "text": "| December 31, | 2010 | Estimated | Fair | Value | (In millions) | RMBS | CMBS | ABS | Total structured securities | Ratings profile: | RMBS rated Aaa/AAA | RMBS rated NAIC 1 | CMBS rated Aaa/AAA | CMBS rated NAIC 1 | ABS rated Aaa/AAA | ABS rated NAIC 1 | 2013 | Balance at beginning of year | Granted | Cancelled | Balance at end of year | Vested during the year | Compensation expense recorded | Weighted average fair value of restricted stock granted during the year |"}
{"_id": "d88e286d2", "title": "", "text": "| 2006 2005 2004 | Timberlands | Wood Products | Cellulose Fiber and White Papers | Containerboard, Packaging and Recycling | Corporate and Other | $849 |"}
{"_id": "d87dc67c6", "title": "", "text": "MetLife, Inc.  Notes to the Consolidated Financial Statements — (Continued) American Life’s life insurance and annuity contracts (“Covered Payments”) for any tax periods beginning on January 1, 2005 and ending on December 31, 2013 (the “Deferral Period”).\nThe Closing Agreement requires that American Life submit a plan to the IRS within 90 days after the close of the Acquisition, indicating the steps American Life will take (on a country by country basis) to ensure that no substantial amount of U. S.  withholding tax will arise from Covered Payments made by American Life’s foreign branches to foreign customers after the Deferral Period.\nSuch plan, which was submitted to the Internal Revenue Service (“IRS”) on January 29, 2011, involves the transfer of businesses from certain of the foreign branches of American Life to one or more existing or newly-formed subsidiaries of MetLife, Inc.  or American Life.\nA liability of $277 million was recognized in purchase accounting as of November 1, 2010, for the anticipated and estimated costs associated with restructuring American Life’s foreign branches into subsidiaries in connection with the Closing Agreement.\nCurrent and Deferred Income Tax The future tax effects of temporary differences between financial reporting and tax bases of assets and liabilities are measured at the balance sheet dates and are recorded as deferred income tax assets and liabilities, with certain exceptions such as certain temporary differences relating to goodwill under purchase accounting.\nFor federal income tax purposes, MetLife, Inc.  and ALICO Holdings are expected to make Section 338 elections with respect to American Life and certain of its subsidiaries.\nIn addition, MetLife, Inc.  and AIG are expected to make a Section 338 election with respect to DelAm.\nUnder such elections, the U. S.  tax basis of the assets deemed acquired and liabilities assumed of ALICO were adjusted as of the Acquisition Date to reflect the consequences of the Section 338 elections.\nThe reversal of temporary differences (between financial reporting and U. S.  tax bases of assets and liabilities) of American Life’s foreign branches, post-branch restructuring, in connection with the Closing Agreement (i. e. , generally, after the end of the Deferral Period) is not expected to result in any direct U. S.  tax effect.\nThus, as of November 1, 2010, American Life reduced its net deferred tax asset of $425 million by $671 million that reflects the amount of U. S.  deferred tax asset that is expected to reverse post-branch restructuring.\nTherefore, American Life recognized a U. S.  net deferred tax liability of approximately $246 million in purchase accounting.\nAs of the Acquisition Date, ALICO’s current and deferred income tax liabilities are provisional and not yet finalized.\nCurrent income taxes may be adjusted pending the resolution of the tax value of MetLife, Inc.  securities delivered to ALICO Holdings as part of the purchase consideration on the Acquisition Date, the amount of taxes resulting from the Section 338 elections and the filing of income tax returns.\nDeferred income taxes may be adjusted as a result of changes in estimates and assumptions relating to the reversal of U. S.  temporary differences prior to the completion of the anticipated restructuring of American Life’s foreign branches, the filing of income tax returns and as additional information becomes available during the measurement period.\nWe expect to finalize these amounts as soon as possible but no later than one year from the Acquisition Date."}
{"_id": "d8ca548e0", "title": "", "text": "| Fiscal Year Ended July 2, 2004 Fiscal Year Ended June 27, 2003 | (in millions) | Balance, beginning of period | Warranties issued | Repairs and replacements | Changes in liability for pre-existing warranties, including expirations | Balance, end of period |"}
{"_id": "d8a27a608", "title": "", "text": "Long-term borrowings at December 31, 2015 had a carrying value of $4.9 billion and a fair value of $5.2 billion determined using market prices at the end of December 2015.2025 Notes.\nIn May 2015, the Company issued ¬700 million of 1.25% senior unsecured notes maturing on May 6, 2025 (the ¡°2025 Notes¡±).\nThe notes are listed on the New York Stock Exchange.\nThe net proceeds of the 2025 Notes were used for general corporate purposes, including refinancing of outstanding indebtedness.\nInterest of approximately $9 million per year based on current exchange rates is payable annually on May 6 of each year.\nThe 2025 Notes may be redeemed in whole or in part prior to maturity at any time at the option of the Company at a ¡°make-whole¡± redemption price.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2025 Notes.\nUpon conversion to U. S.  dollars the Company designated the ¬700 million debt offering as a net investment hedge to offset its currency exposure relating to its net investment in certain euro functional currency operations.\nGains of $14 million (net of tax of $8 million) and $19 million (net of tax of $11 million) were recognized in other comprehensive income for 2016 and 2015, respectively.\nNo hedge ineffectiveness was recognized during 2016.2024 Notes.\nIn March 2014, the Company issued $1.0 billion in aggregate principal amount of 3.50% senior unsecured and unsubordinated notes maturing on March 18, 2024 (the ¡°2024 Notes¡±).\nThe net proceeds of the 2024 Notes were used to refinance certain indebtedness which matured in the fourth quarter of 2014.\nInterest is payable semi-annually in arrears on March 18 and September 18 of each year, or approximately $35 million per year.\nThe 2024 Notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a ¡°make-whole¡± redemption price.\nThe unamortized discount and debt issuance costs are being amortized over the remaining term of the 2024 Notes.2022 Notes.\nIn May 2012, the Company issued $1.5 billion in aggregate principal amount of unsecured unsubordinated obligations.\nThese notes were issued as two separate series of senior debt securities, including $750 million of 1.375% notes, which were repaid in June 2015 at maturity, and $750 million of 3.375% notes maturing in June 2022 (the ¡°2022 Notes¡±).\nNet proceeds were used to fund the repurchase of BlackRock¡¯s common stock and Series B Preferred from Barclays and affiliates and for general corporate purposes.\nInterest on the 2022 Notes of approximately $25 million per year is payable semi-annually on June 1 and December 1 of each year, which commenced December 1, 2012.\nThe 2022 Notes may be redeemed prior to maturity at any time in whole or in part at the option of the Company at a ¡°make-whole¡± redemption price.\nThe ¡°makewhole¡± redemption price represents a price, subject to the specific terms of the 2022 Notes and related indenture, that is the greater of (a) par value and (b) the present value of"}
{"_id": "d8b308e5c", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS The Coca-Cola Company and Subsidiaries NOTE 11: COMMITMENTS AND CONTINGENCIES (Continued) Company expects final resolution of certain matters in 2005.\nManagement believes that any gains to the Company that may arise as a result of the final resolutions of these matters will not have a material effect on the financial condition of the Company taken as a whole.\nNOTE 12: NET CHANGE IN OPERATING ASSETS AND LIABILITIES Net cash provided by operating activities attributable to the net change in operating assets and liabilities is composed of the following (in millions):"}
{"_id": "d87adb110", "title": "", "text": "| Year Amount | 2015 | 2016 | 2017 | 2018 | 2019 | Thereafter | Total |"}
{"_id": "d8ae6229a", "title": "", "text": "Item 6.\nSELECTED FINANCIAL DATA The selected financial data presented below has been derived in part from, and should be read in conjunction with, the consolidated financial statements of BlackRock and Item 7.\nManagements Discussion and Analysis of Financial Condition and Results of Operations included in this Form 10-K.\nPrior year data reflects certain reclassifications to conform to the current year presentation."}
{"_id": "d8a5a332a", "title": "", "text": "| (In millions) 2011 2010 | E&P | OSM | IG | Segment revenues | Elimination of intersegment revenues | Total revenues |"}
{"_id": "d86481ca2", "title": "", "text": "| In millions 2007 2006 2005 | Sales | Operating Profit |"}
{"_id": "d89e1e67c", "title": "", "text": "While the majority of the Promoted Products we sell to our advertisers are placed on Twitter, we also generate advertising revenue by placing advertising products that we sell to advertisers on third-party publishers’ websites, applications or other offerings.\nData Licensing and Other We generate data licensing and other revenue by (i) offering “Gnip”-branded products and data licenses that allow our data partners to access, search and analyze historical and real-time data on our platform, which data consists of public Tweets and their content, and (ii) providing mobile advertising exchange services through our MoPub exchange.\nOur data partners generally purchase licenses to access all or a portion of our data for a fixed period.\nWe recognize data licensing revenue as the licensed data is made available to our data partners.\nIn addition, we operate a mobile ad exchange and receive service fees from transactions completed on the exchange.\nOur mobile ad exchange enables buyers and sellers to purchase and sell advertising inventory and matches buyers and sellers.\nWe have determined we are not the principal in the purchase and sale of advertising inventory in transactions between third party buyers and sellers on the exchange.\nTherefore we report revenue related to our ad exchange services on a net basis."}
{"_id": "d8cdc737e", "title": "", "text": "| In millions InterestOnlyProduct PrincipalandInterestProduct | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 and thereafter | Total (a) |"}
{"_id": "d8a67f46a", "title": "", "text": "| Year ended December 31, | 2007 | (in millions) | Operating results: | Revenues | Benefits and expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments(1) | Related charges-1(2) | Income from continuing operations before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d8c7d29a0", "title": "", "text": "categories and brands, purchase them in a store or online and use them in their homes.\nWinning with consumers around the world and against our best competitors requires innovation.\nInnovation has always been, and continues to be, P&Gs lifeblood.\nInnovation requires consumer insights and technology advancements that lead to product improvements, improved marketing and merchandising programs and game-changing inventions that create new brands and categories.\nProductivity improvement is critical to delivering our balanced top-line growth, bottom-line growth and value creation objectives.\nProductivity improvement and sales growth reinforce and fuel each other.\nWe are driving productivity improvement across all elements of cost, including cost of goods sold, marketing and promotional expenses and nonmanufacturing overhead.\nProductivity improvements and cost savings are being reinvested in product and packaging improvements, brand awareness-building advertising and trial-building sampling programs, increased sales coverage and R&D programs.\nWe are improving operational effectiveness and organizational culture through enhanced clarity of roles and responsibilities, accountability and incentive compensation programs.\nThe Company has undertaken an effort to focus and strengthen its business portfolio to compete in categories and with brands that are structurally attractive and that play to P&G's strengths.\nThe ongoing portfolio of businesses consists of 10 product categories.\nThese are categories where P&G has leading market positions, strong brands and consumer-meaningful product technologies.\nWe believe these strategies are right for the long-term health of the Company and our objective of delivering total shareholder return in the top one-third of our peer group.\nThe Company expects the delivery of the following long-term annual financial targets will result in total shareholder returns in the top third of the competitive peer group: ?\nOrganic sales growth above market growth rates in the categories and geographies in which we compete; ?\nCore EPS growth of mid-to-high single digits; and ?\nAdjusted free cash flow productivity of 90% or greater.\nIn periods with significant macroeconomic pressures, we intend to maintain a disciplined approach to investing so as not to sacrifice the long-term health of our businesses to meet shortterm objectives in any given year."}
{"_id": "d81447a3e", "title": "", "text": "| Years Ended December 31, | 2009 | (in millions, except per share amounts) | Numerator: | Net income (loss) attributable to Ameriprise Financial | Denominator: | Basic: Weighted-average common shares outstanding | Effect of potentially dilutive nonqualified stock options and other share-based awards | Diluted: Weighted-average common shares outstanding | Earnings (loss) per share attributable to Ameriprise Financial common shareholders: | Basic | Diluted |"}
{"_id": "d85e206ec", "title": "", "text": "Corporate Offices Eastman Chemical Company 100 North Eastman Road P.  O.\nBox 511 Kingsport, TN 37662-5075 U. S. A.  http:/ /www.\neastman.\ncom Stock Transfer Agent and Registrar Inquiries and changes to stockholder accounts should be directed to our transfer agent: American Stock Transfer & Trust Company 59 Maiden Lane New York, NY 10038 In the United States: 800-937-5449 Outside the United States: (1) 212-936-5100 or (1) 718-921-8200 http:/ /www.\namstock.\ncom Annual Meeting Toy F.  Reid Employee Center Kingsport, Tennessee Thursday, May 5, 2005 11:30 a. m. , (ET) Eastman Stockholder Information 877-EMN-INFO (877-366-4636) http:/ /www.\neastman.\ncom Annual Report on Form 10-K Copies of the Annual Report on Form 10-K for 2004 are available to stockholders without charge by calling 423-229-5466 or by writing to: Eastman Chemical Company P.  O.\nBox 511, Building 226 Kingsport, TN 37662-5075 U. S. A.\nThis information is also available through Eastmans World Wide Web address, http:/ /www.\neastman.\ncom, in the investor information section.\nStock Exchange Listing Eastman Chemical Company common stock is listed and traded on the New York Stock Exchange under the ticker symbol EMN.\nMost newspaper stock tables list the Companys stock as EmanChm.\n Dividends Quarterly dividends on common stock, if declared by the Board of Directors, are usually paid on or about the first business day of the month following the end of each quarter.\nDividends declared were $1.76 in 2004, 2003 and 2002.\nStockholders of record at year-end 2004: 33,709 Shares outstanding at year-end 2004: 79,336,711 Employees at year-end 2004: 12,000"}
{"_id": "d8cf040ac", "title": "", "text": "| Year Ended December 31 2005 2004 2003 | (In millions) | Net realized gains (losses) on fixed maturity and equity securities: | Fixed maturity securities: | Gross realized gains | Gross realized losses | Net realized gains (losses) on fixed maturity securities | Equity securities: | Gross realized gains | Gross realized losses | Net realized gains (losses) on equity securities | Net realized gains (losses) on fixed maturity and equity securities |"}
{"_id": "d888ccc7e", "title": "", "text": "NOTE 20 COMMITMENTS In the normal course of business, we have various commitments outstanding, certain of which are not included on our Consolidated Balance Sheet.\nThe following table presents our outstanding commitments to extend credit along with significant other commitments as of December 31, 2016 and December 31, 2015, respectively.\nTable 98: Commitments to Extend Credit and Other Commitments"}
{"_id": "d89477dda", "title": "", "text": "| In billions of dollars DTA balance December 31, 2009 DTA balance December 31, 2008 | U.S. Federal | Net operating loss (NOL) | Foreign tax credit (FTC) | General business credit (GBC) | Future tax deductions and credits | Other | Total U.S. federal | State and local | New York NOLs | Other State NOLs | Future tax deductions | Total State and local | Foreign | APB 23 subsidiary NOLs | Non-APB 23 subsidiaryNOLs | Future tax deductions | Total foreign | Total | Reporting unit-1 | North America Regional Consumer Banking | EMEA Regional Consumer Banking | Asia Regional Consumer Banking | Latin America Regional Consumer Banking | Securities and Banking | Transaction Services | Brokerage and Asset Management | Local Consumer Lending—Cards | In millions of dollars | Net interest revenue | Non-interest revenue | Total revenues, net of interest expense | Total operating expenses | Net credit losses | Credit reserve build/(release) | Provisions for benefits and claims | Provision for loan losses and for benefits and claims | Income (loss) from continuing operations before taxes | Income taxes (benefits) | Income (loss) from continuing operations | Net income (loss) attributable to noncontrolling interests | Net income (loss) | Average assets(in billions of dollars) | Average deposits(in billions of dollars) | Net credit losses as a percentage of average loans | Revenue bybusiness | Retail banking | Citi-branded cards | Total | Income (loss) from continuing operations by business | Retail banking | Citi-branded cards | Total |"}
{"_id": "d8a894c3c", "title": "", "text": "| 2011 2010 2009 2008 2007 | Income Statement Data | Earned premiums | Fee income | Net investment income (loss): | Securities available-for-sale and other | Equity securities, trading | Total net investment income (loss) | Net realized capital losses: | Total other-than-temporary impairment (“OTTI”) losses | OTTI losses recognized in other comprehensive income | Net OTTI losses recognized in earnings | Net realized capital losses, excluding net OTTI losses recognized in earnings | Total net realized capital gains (losses) | Other revenues | Total revenues | Benefits, losses and loss adjustment expenses | Benefits, losses and loss adjustment expenses — returns credited on internationalvariable annuities | Amortization of deferred policy acquisition costs and present value of future profits | Insurance operating costs and other expenses | Interest expense | Goodwill impairment | Total benefits, losses and expenses | Income (loss) from continuing operations before income taxes | Income tax expense (benefit) | Income (loss) from continuing operations, net of tax | Income (loss) from discontinued operations, net of tax | Net income (loss) | Preferred stock dividends and accretion of discount | Net income (loss) available to common shareholders | Balance Sheet Data | Separate account assets | Total assets | Total debt (including capital lease obligations) | Separate account liabilities | Common equity, excluding AOCI | Preferred Stock | AOCI, net of tax | Total stockholders’ equity | Income (loss) from continuing operations, net of tax, available to commonshareholders per common share | Basic | Diluted | Net income (loss) available to common shareholders per common share | Basic | Diluted | Cash dividends declared per common share | Other Data | Total revenues, excluding net investment income on equity securities, trading | Unlock benefit (charge), after-tax | Total investments, excluding equity securities, trading |"}
{"_id": "d8a266d88", "title": "", "text": "| Share as a % of U.S. Net Sales | $0 to $2.7 billion | $2.7 billion to $3.2 billion | $3.2 billion to $3.7 billion | $3.7 billion to $4.0 billion | $4.0 billion to $4.2 billion | In excess of $4.2 billion |"}
{"_id": "d85f4a54a", "title": "", "text": "| Gross amounts not offset inthe consolidated balancesheets | (dollar amounts in thousands) | Offsetting of Financial Assets and Derivative Assets | December 31, 2016 | December 31, 2015 |"}
{"_id": "d871192b2", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | Service cost – including administrative expenses | Interest cost on projected benefit obligation | Expected return on plan assets | Recognition of net actuarial loss | Recognition of prior service costs | NET PERIODIC BENEFIT COST | Amortization of regulatory asset* | TOTAL PERIODIC BENEFIT COST | Cost capitalized | Reconciliation to rate level | Cost charged to operating expenses |"}
{"_id": "d8ae2db80", "title": "", "text": "| 2010 2009 2008 | Income | (in millions, except per share amounts) | Basic earnings per share | Income (loss) from continuing operations attributable to the Closed Block Business | Less: Direct equity adjustment | Income (loss) from continuing operations attributable to the Closed Block Business available to holders of Class B Stock afterdirect equity adjustment |"}
{"_id": "d81661694", "title": "", "text": "| 2009 2008 2007 | Dividend yield | Expected volatility | Risk-free interest rate | Expected option lives (in years) | Shares (in thousands) | Stock Options and Stock Appreciation Rights: | Outstanding at December 31, 2007 | Granted | Exercised | Forfeited or expired | Outstanding at December 31, 2008 | Granted | Exercised | Forfeited or expired | Outstanding at December 31, 2009 | Exercisable at December 31, 2009 |"}
{"_id": "d8b0d167a", "title": "", "text": "| Millions of Dollars 2009 2008 2007 | Agricultural | Automotive | Chemicals | Energy | Industrial Products | Intermodal | Total freight revenues | Other revenues | Total operating revenues |"}
{"_id": "d8e18a46a", "title": "", "text": "| December 31, 2011 | Public | Carrying amount | (in millions) | Three months or less | Greater than three to six months | Greater than six to nine months | Greater than nine to twelve months | Greater than twelve to twenty-four months | Greater than twenty-four to thirty-six months | Greater than thirty-six months | Total fixed maturities, available-for-sale |"}
{"_id": "d8ae49902", "title": "", "text": "Inventory market valuation reserve (‘‘IMV’’) is established to reduce the cost basis of inventories to current market value.\nGenerally, we will establish an IMV reserve when crude oil prices fall below $22 per barrel.\nThe 2002 results of operations include credits to income from operations of $71 million, reversing the IMV reserve at December 31, 2001."}
{"_id": "d88283f66", "title": "", "text": "| As of December | $ in millions | Corporate loans | Loans to private wealth management clients | Loans backed by commercial real estate | Loans backed by residential real estate | Other loans | Total loans receivable, gross | Allowance for loan losses | Total loans receivable |"}
{"_id": "d8a149a40", "title": "", "text": "Exposure to interest rate risk is reflected in the variation of forecasted net interest income across scenarios.\nKey assumptions in this simulation analysis relate to the behavior of interest rates and spreads, the changes in product balances and the behavior of loan and deposit clients in different rate environments.\nThe most material of these behavioral assumptions relate to the repricing characteristics and balance fluctuations of deposits with indeterminate (i. e. , non-contractual) maturities as well as the pace of mortgage prepayments.\nAssessments are periodically made by running sensitivity analysis of the impact of key assumptions.\nThe results of these analyses are reported to the Asset Liability Committee.\nAs the future path of interest rates cannot be known in advance, we use simulation analysis to project net interest income under various interest rate scenarios including a ?most likely?\n(implied forward) scenario as well as a variety of deliberately extreme and perhaps unlikely scenarios.\nThese scenarios may assume gradual ramping of the overall level of interest rates, immediate shocks to the level of rates and various yield curve twists in which movements in short- or long-term rates predominate.\nGenerally, projected net interest income in any interest rate scenario is compared to net interest income in a base case where market forward rates are realized.\nThe table below reports net interest income exposures against a variety of interest rate scenarios.\nOur policies involve measuring exposures as a percentage change in net interest income over the next year due to either instantaneous or gradual parallel changes in rates relative to the market implied forward yield curve.\nWith rates rising from historically low levels due to Federal Open Market Committee rate increases, exposure to falling rates has increased.\nAs the following table illustrates, our balance sheet is asset-sensitive: net interest income would benefit from an increase in interest rates.\nExposure to a decline in interest rates is within limit.\nWhile an instantaneous and severe shift in interest rates was used in this analysis, we believe that any actual shift in interest rates would likely be more gradual and would therefore have a more modest impact as demonstrated in the following table.\nThe table below presents the sensitivity of net interest income to various parallel yield curve shifts from the market implied forward yield curve:"}
{"_id": "d88ef2680", "title": "", "text": "| Unrealized Gains (Losses) on Energy Marketing and Risk Management Assets/Liabilities (Thousands of dollars) UnrealizedHoldingGains (Losses) onInvestmentSecurities Pension and Postretirement Benefit Plan Obligations Accumulated Other Comprehensive Income (Loss) | December 31, 2006 | Other comprehensive income (loss) | December 31, 2007 | Other comprehensive income (loss) | December 31, 2008 |"}
{"_id": "d8acdf0d0", "title": "", "text": "Senior Notes In the fourth quarter of 2012, we issued $6.2 billion aggregate principal amount of senior unsecured notes for general corporate purposes and to repurchase shares of our common stock pursuant to our authorized common stock repurchase program.\nIn the third quarter of 2011, we issued $5.0 billion aggregate principal amount of senior unsecured notes, primarily to repurchase shares of our common stock pursuant to our authorized common stock repurchase program, and for general corporate purposes.\nOur senior notes pay a fixed rate of interest semiannually.\nWe may redeem our senior notes, in whole or in part, at any time at our option at specified redemption prices.\nThe senior notes rank equally in right of payment with all of our other existing and future senior unsecured indebtedness and will effectively rank junior to all liabilities of our subsidiaries."}
{"_id": "d8a597b2e", "title": "", "text": "| Years Ended | September 24, 2011 | Amount | Product Sales | Breast Health | Diagnostics | GYN Surgical | Skeletal Health | $1,478,340 |"}
{"_id": "d8e95ddc2", "title": "", "text": "PART II Item 5.\nMarket for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities.\nThe Company’s common stock is listed on the New York Stock Exchange.\nPrior to the Separation of Alcoa Corporation from the Company, the Company’s common stock traded under the symbol “AA.\n” In connection with the separation, on November 1, 2016, the Company changed its stock symbol and its common stock began trading under the symbol “ARNC.\n” On October 5, 2016, the Company’s common shareholders approved a 1-for-3 reverse stock split of the Company’s outstanding and authorized shares of common stock (the “Reverse Stock Split”).\nAs a result of the Reverse Stock Split, every three shares of issued and outstanding common stock were combined into one issued and outstanding share of common stock, without any change in the par value per share.\nThe Reverse Stock Split reduced the number of shares of common stock outstanding from approximately 1.3 billion shares to approximately 0.4 billion shares, and proportionately decreased the number of authorized shares of common stock from 1.8 billion to 0.6 billion shares.\nThe Company’s common stock began trading on a Reverse Stock Split-adjusted basis on October 6, 2016.\nOn November 1, 2016, the Company completed the Separation of its business into two independent, publicly traded companies: the Company and Alcoa Corporation.\nThe Separation was effected by means of a pro rata distribution by the Company of 80.1% of the outstanding shares of Alcoa Corporation common stock to the Company’s shareholders.\nThe Company’s shareholders of record as of the close of business on October 20, 2016 (the “Record Date”) received one share of Alcoa Corporation common stock for every three shares of the Company’s common stock held as of the Record Date.\nThe Company retained 19.9% of the outstanding common stock of Alcoa Corporation immediately following the Separation.\nSee disposition of retained shares in Note C to the Consolidated Financial Statements in Part II Item 8 of this Form 10-K.\nThe following table sets forth, for the periods indicated, the high and low sales prices and quarterly dividend amounts per share of the Company’s common stock as reported on the New York Stock Exchange, adjusted to take into account the Reverse Stock Split effected on October 6, 2016.\nThe prices listed below for those dates prior to November 1, 2016 reflect stock trading prices of Alcoa Inc.  prior to the Separation of Alcoa Corporation from the Company on November 1, 2016, and therefore are not comparable to the Company’s post-Separation prices."}
{"_id": "d87f7b5e4", "title": "", "text": "| 2014 2013 | In millions | January 1 | Reserve adjustments, net | Losses – loan repurchases and private investor settlements | Agency settlements | December 31 | December 31, 2014 | Dollars in millions | Home equity | Temporary Modifications | Permanent Modifications | Total home equity | Residential Mortgages | Permanent Modifications | Non-Prime Mortgages | Permanent Modifications | Residential Construction | Permanent Modifications | Total Consumer Real Estate Related Loan Modifications |"}
{"_id": "d831eaf0a", "title": "", "text": "| As of or for the year ended December 31, Average | (in millions) | Commercial paper: | Wholesale funding | Client cash management | Total commercial paper | Obligations of Firm-administered multi-seller conduits(a) | Other borrowed funds | Securities loaned or sold under agreements to repurchase: | Securities sold under agreements to repurchase | Securities loaned(b) | Total securities loaned or sold under agreements to repurchase(b)(c)(d)(e) | Senior notes | Trust preferred securities | Subordinated debt | Structured notes | Total long-term unsecured funding | Credit card securitization(a) | Other securitizations((a)(f) | FHLB advances | Other long-term secured funding(g) | Total long-term secured funding | Preferred stock(h) | Common stockholders’ equity(h) |"}
{"_id": "d8eaff5c2", "title": "", "text": "| Years Ended December 31, 2014/2013 2013/2012 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (NM, not meaningful) | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d85e5ed84", "title": "", "text": "The increase in net periodic pension expense in 2017 is attributable to higher amortization compared to the prior year.\nBeginning in 2016, the Company refined the method used to determine the service and interest cost components of pension expense for its U. S.  retirement plans.\nThe specific spot rates along the yield curve, rather than the single weighted-average rate previously used, are applied to the projected cash flows to provide more precise measurement of these costs.\nThis is a change in estimate which has\nTotal cash paid for all businesses for the fiscal year ended 2018 was $2.2 billion, net of cash acquired.\nThe purchase price of the 2018 acquisitions was preliminarily allocated to assets and liabilities as follows."}
{"_id": "d82d2c978", "title": "", "text": "| December 31, 2010 December 31, 2009 | Carrying amount | (in millions) | Assets (liabilities) | Fixed maturities, available-for-sale | Fixed maturities, trading | Equity securities, available-for-sale | Equity securities, trading | Mortgage loans | Policy loans | Other investments | Cash and cash equivalents | Derivative assets | Separate account assets | Cash collateral | Investment-type insurance contracts | Short-term debt | Long-term debt | Separate account liabilities | Derivative liabilities | Bank deposits | Cash collateral payable | Other liabilities |"}
{"_id": "d8b369f90", "title": "", "text": "| Range ofExercise Prices Shares Weighted-AverageRemainingContractural Life in Years Outstanding Weighted-AverageExercise Price | Outstanding | $10.84 - $11.50 | $11.51 - $18.55 | $18.56 - $21.53 | $21.54 - $23.40 | $23.41 - $23.65 | $23.66 - $24.97 | $24.98 - $25.00 | $25.01 - $25.65 | $25.66 - $25.72 | $25.73 - $28.52 | $ 10.84 - $28.52 |"}
{"_id": "d82ba7260", "title": "", "text": "| 2007 2006 2005 | Basic net income available for common shareholders | Minority interest in earnings of common unitholders | Diluted net income available for common shareholders | Weighted average number of common shares outstanding | Weighted average partnership Units outstanding | Dilutive shares for stock-based compensation plans -1 | Weighted average number of common shares and potential dilutive common equivalents |"}
{"_id": "d8c3d35d4", "title": "", "text": "The 0.5% of revenue gross profit rate increase for fiscal 2009 was due to increases in both our Domestic and International segments’ gross profit rates.\nThe acquisition of Best Buy Europe increased our gross profit rate by 0.4% of revenue for fiscal 2009.\nFor further discussion of each segment’s gross profit rate changes, see Segment Performance Summary, below.\nThe 1.5% of revenue SG&A rate increase for fiscal 2009 was due to increases in both our Domestic and International segments’ SG&A rates.\nThe acquisition of Best Buy Europe increased our SG&A rate by 0.7% of revenue for fiscal 2009.\nFor further discussion of each segment’s SG&A rate changes, see Segment Performance Summary, below.\nOur operating income in fiscal 2009 also included restructuring and goodwill and tradename impairment charges recorded in the fiscal fourth quarter.\nThe $78 million restructuring charge related primarily to employee termination benefits offered pursuant to voluntary and involuntary separation programs at our corporate headquarters and certain other locations.\nThe restructuring charges were recorded as a result of measures we took to create a more effective and efficient operating cost structure and to support our fiscal 2010 strategic priorities.\nThe $66 million goodwill and tradename impairment charges related to our Speakeasy business and were recorded as a result our annual goodwill impairment test."}
{"_id": "d893094c6", "title": "", "text": "| 2008 2007 2006 | Risk-free interest rate | Expected option life (years) | Expected volatility |"}
{"_id": "d87b640e6", "title": "", "text": "Corporate cash is the primary source of liquidity at the parent company.\nWe define corporate cash as cash held at the parent company as well as cash held in certain subsidiaries that can distribute cash to the parent company without any regulatory approval.\nWe believe corporate cash is a useful measure of the parent companys liquidity as it is the primary source of capital above and beyond the capital deployed in our regulated subsidiaries.\nCorporate cash can fluctuate in any given quarter and is impacted primarily by tax settlements, approval and timing of subsidiary dividends, debt service costs and other overhead cost sharing arrangements.\nWe target corporate cash to be two times our annual debt service, or approximately $330 million.\nFrom the level of corporate cash at December 31, 2011, we expect that it will decline generally in line with our corporate interest expense.\nHowever, the parent company has approximately $0.5 billion in deferred tax assets, which will ultimately become sources of corporate cash as the parents subsidiaries reimburse the parent for the use of its deferred tax assets."}
{"_id": "d8df83a9a", "title": "", "text": "| High Low Close Declared Dividends | 2016 | 1stQuarter | 2ndQuarter | 3rdQuarter | 4thQuarter | 2017 | 1stQuarter | 2ndQuarter | 3rdQuarter | 4thQuarter |"}
{"_id": "d85fde04c", "title": "", "text": "| Ship construction $626 | Aircraft manufacturing and outfitting | Mobile communication products | Pre-owned aircraft | Other, net | Total increase |"}
{"_id": "d88d47cfe", "title": "", "text": "| Year Ended December 31, | (dollars in millions) | Salaries and employee benefits | Outside services | Occupancy | Equipment expense | Amortization of software | Other operating expense | Noninterest expense |"}
{"_id": "d8b4e96a4", "title": "", "text": "| Table 41 Commercial Utilized Reservable Criticized Exposure December 31 | 2011 | (Dollars in millions) | U.S. commercial | Commercial real estate | Commercial lease financing | Non-U.S. commercial | 25,920 | U.S. small business commercial | Total commercial utilized reservable criticized exposure |"}
{"_id": "d8eaec774", "title": "", "text": "| Project Name Date Completed Sales Proceeds (in millions) Location | CILCORP/Medina Valley | AES Ecogen/AES Mt. Stuart | Mountainview | Kelvin | Songas | AES Barry Limited | AES Haripur Private Ltd/AES Meghnaghat Ltd | AES MtKvari/AES Khrami/AES Telasi | Medway Power Limited/AES Medway Operations Limited | AES Oasis Limited |"}
{"_id": "d8ba5aa20", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements Impact of Credit Spreads on Borrowings The table below presents the net gains/(losses) attributable to the impact of changes in the firms own credit spreads on borrowings for which the fair value option was elected.\nThe firm calculates the fair value of borrowings by discounting future cash flows at a rate which incorporates the firms credit spreads."}
{"_id": "d8f66c680", "title": "", "text": "Effective Tax Rate The effective tax rate equals the income tax provision divided by income from continuing operations before taxes.\nRefer to Note 22, Income Taxes, to the consolidated financial statements for details on factors affecting the effective tax rate.2014 vs.  2013 On a GAAP basis, the effective tax rate was 27.0% and 22.8% in 2014 and 2013, respectively.\nThe effective tax rate was higher in the current year primarily due to the goodwill impairment charge of $305.2, which was not deductible for tax purposes, and the Chilean tax reform enacted in September 2014 which increased income tax expense by $20.6.\nThese impacts were partially offset by an income tax benefit of $51.6 associated with losses from transactions and a tax election in a non-U.\nS.  subsidiary.\nThe prior year rate included income tax benefits of $73.7 related to the business restructuring and cost reduction plans and $3.7 for the advisory costs.\nRefer to Note 4, Business Restructuring and Cost Reduction Actions; Note 9, Goodwill; Note 22, Income Taxes; and Note 23, Supplemental Information, to the consolidated financial statements for details on these transactions.\nOn a non-GAAP basis, the effective tax rate was 24.0% and 24.2% in 2014 and 2013, respectively.2013 vs.  2012 On a GAAP basis, the effective tax rate was 22.8% and 21.9% in 2013 and 2012, respectively.\nThe effective rate in 2013 includes income tax benefits of $73.7 related to the business restructuring and cost reduction plans and $3.7 for the advisory costs.\nThe effective rate in 2012 includes income tax benefits of $105.0 related to the business restructuring and cost reduction plans, $58.3 related to the second quarter Spanish tax ruling, and $3.7 related to the customer bankruptcy charge, offset by income tax expense of $43.8 related to the first quarter Spanish tax settlement and $31.3 related to the gain on the previously held equity interest in DA NanoMaterials.\nRefer to Note 4, Business Restructuring and Cost Reduction Actions; Note 5, Business Combinations; Note 22, Income Taxes; and Note 23, Supplemental Information, to the consolidated financial statements for details on these transactions.\nOn a non-GAAP basis, the effective tax rate was 24.2% in both 2013 and 2012."}
{"_id": "d87821a1e", "title": "", "text": "Other Other reported earnings of $376 million for 2011 compared with earnings of $386 million for 2010.\nThe decrease in earnings primarily reflected the noncash charge related to the redemption of trust preferred securities in the fourth quarter of 2011 and the gain related to the sale of a portion of PNCs BlackRock shares in 2010 partially offset by lower integration costs in 2011."}
{"_id": "d89504b2c", "title": "", "text": "| Three Months Ended | Dec. 31, 2014 | (Unaudited, in thousands) | Cost of revenue | Research and development | Sales and marketing | General and administrative | Total stock-based compensation expense |"}
{"_id": "d8967830a", "title": "", "text": "(m) Foreign Currency Translation Prior to the second quarter of 2012, operations carried out in Mexico used the U. S.  Dollar as the functional currency.\nEffective April 1, 2012, the Company changed the functional currency of its Mexico operations to the Mexican Peso.\nThe Company believes that the completion of a second plant in Mexico and growth in sales to the local Mexican market indicated a significant change in the economic facts and circumstances that justified the change in the functional currency.\nThe effects of the change in functional currency were not significant to the Companys consolidated financial statements.\nThe Companys subsidiaries that operate outside the United States use their local currency as the functional currency.\nThe functional currency is translated into U. S.  Dollars for balance sheet accounts using the month end rates in effect as of the balance sheet date and average exchange rate for revenue and expense accounts for each respective period.\nThe translation adjustments are deferred as a separate component of stockholders equity, within accumulated other comprehensive income (deficit).\nGains or losses resulting from transactions denominated in foreign currencies are included in other income or expense, within the consolidated statements of operations."}
{"_id": "d89efb82e", "title": "", "text": "| Reporting Segment Fiscal 2009   Net Sales Fiscal 2008   Net Sales % Increase | Consumer Foods | Commercial Foods | Total |"}
{"_id": "d8bba3774", "title": "", "text": "| 2015 2016 2017 2018 2019 Thereafter Total | Recorded Obligations: | Expected environmental liabilities:(a) | Final capping, closure and post-closure | Environmental remediation | 147 | Debt payments(b),(c),(d) | Unrecorded Obligations:(e) | Non-cancelable operating lease obligations | Estimated unconditional purchase obligations(f) | Anticipated liquidity impact as of December 31, 2014 | 2004 | (In thousands) | Net income | Depreciation and amortization | Interest expense | Other interest income | EBITDA | Gain loss on sale of real estate | Loss on abandoned developments held for sale | Adjusted EBITDA | Balance, December 31, 2007 | Additions during period—depreciation and amortization expense | Deductions during period—disposition and retirements of property | Balance, December 31, 2008 | Additions during period—depreciation and amortization expense | Deductions during period—disposition and retirements of property | Balance, December 31, 2009 | Additions during period—depreciation and amortization expense | Deductions during period—disposition and retirements of property | Balance, December 31, 2010 |"}
{"_id": "d8e3d6ade", "title": "", "text": "| Gross Amount | Amounts of unrecognized tax benefits at January 1, 2007 | Decreases as a result of tax positions taken in a prior period | Increases as a result of tax positions taken in a prior period | Amount of unrecognized tax benefit at December 31, 2007 | Amount of decreases due to lapse of the applicable statute of limitations | Amount of decreases due to change of position |"}
{"_id": "d89d47a96", "title": "", "text": "| December 31, 2015 December 31, 2014 | Dollars in millions | Temporary modifications (a) | Permanent modifications | Home equity | Residential real estate | Total permanent modifications | Total consumer real estate related loan modifications | Year ended December 31 | Dollars in millions, except per share data | Summary of Operations | Interest income | Interest expense | Net interest income | Noninterest income | Total revenue | Provision for credit losses | Noninterest expense | Income before income taxes and noncontrolling interests | Income taxes | Net income | Less: Net income attributable to noncontrolling interests | Preferred stock dividends | Preferred stock discount accretion and redemptions | Net income attributable to common shareholders | Per Common Share | Basic earnings | Diluted earnings | Book value | Cash dividends declared | Effective tax rate (a) |"}
{"_id": "d85f42ebc", "title": "", "text": "Additional Considerations Our BDS business includes a variety of development programs which have complex design and technical challenges.\nMany of these programs have cost-type contracting arrangements.\nIn these cases, the associated financial risks are primarily in reduced fees, lower profit rates or program cancellation if cost, schedule or technical performance issues arise.\nExamples of these programs include Ground-based Midcourse Defense (GMD), Proprietary and Space Launch Systems programs.\nSome of our development programs are contracted on a fixed-price basis.\nMany of these programs have highly complex designs.\nAs technical or quality issues arise during development, we may experience schedule delays and cost impacts, which could increase our estimated cost to perform the work or reduce our estimated price, either of which could result in a material charge or otherwise adversely affect our financial condition.\nThese programs are ongoing, and while we believe the cost and fee estimates incorporated in the financial statements are appropriate, the technical complexity of these programs creates financial risk as additional completion costs may become necessary or scheduled delivery dates could be extended, which could trigger termination provisions, the loss of satellite in-orbit incentive payments, or other financially significant exposure.\nThese programs have risk for reach-forward losses if our estimated costs exceed our estimated contract revenues.\nExamples of significant fixed-price development programs include Airborne Early Warning and Control (AEW&C), Family of Advanced Beyond Line-of-Sight Terminals (FAB-T), India P-8I, Saudi F-15, USAF KC-46A Tanker, and commercial and military satellites."}
{"_id": "d81e7a466", "title": "", "text": "| Payments Due by Fiscal Year | In Millions | Long-term debt (a) | Accrued interest | Operating leases (b) | Capital leases | Purchase obligations (c) | Total contractual obligations | Other long-term obligations (d) | Total long-term obligations |"}
{"_id": "d8e757fc8", "title": "", "text": "| ($ in millions) 2013 2012 2011 | Total Sales | Pharmaceutical | Januvia | Zetia | Remicade | Gardasil | Janumet | Isentress | Vytorin | Nasonex | ProQuad/M-M-RII/Varivax | Singulair | Animal Health | Consumer Care | Other Revenues-1 |"}
{"_id": "d8d530a34", "title": "", "text": "| Years ended December 31, | 2014 | Balance at beginning of period | Change in related noncontrolling interest balance | Changes in redemption value of redeemable noncontrolling interests: | Additions | Redemptions and reclassifications | Redemption value adjustments | Balance at end of period |"}
{"_id": "d898ab2da", "title": "", "text": "| Number of Options WeightedAverageExercise Price | Options outstanding, December 31, 2005 | Granted | Exercised | Forfeited | Options outstanding, December 31, 2006 | Granted | Exercised | Forfeited | Options outstanding, December 31, 2007 | Granted | Exercised | Forfeited | Options outstanding, December 31, 2008 |"}
{"_id": "d8c1da516", "title": "", "text": "12.\nCommitments and Contingencies (continued) acquisition, Barclays was contractually obligated to continue providing counterparty default indemnification to several BlackRock securities lending clients through December 1, 2012.\nBlackRock assumed these indemnification obligations prior to or upon the expiration of Barclays indemnification obligation.\nAs of December 31, 2012, the Company indemnified certain of its clients for loan balances of approximately $99.5 billion.\nThe fair value of these indemnifications was not material to the consolidated statements of financial condition as of December 31, 2012.\nThe Company expects indemnified balances to continue to increase over time.\nUnder the transaction agreement in the BGI Transaction, the Company agreed to indemnify Barclays for losses it may incur arising from (1) breach by the Company of certain representations, (2) breach by the Company of any covenant in the agreement, (3) liabilities of the entities acquired in the transaction other than liabilities assumed by Barclays or for which it is providing indemnification, and (4) certain taxes.\nManagement believes that the likelihood of any liability arising under the BGI Transaction indemnification provisions is remote.\nManagement cannot estimate any potential maximum exposure due both to the remoteness of any potential claims and the fact that items that would be included within any such calculated claim would be beyond the control of BlackRock.\nConsequently, no liability has been recorded on the consolidated statements of financial condition.13.\nStock-Based Compensation The components of stock-based compensation expense are as follows:"}
{"_id": "d8da2d456", "title": "", "text": "| Power Plant Market InServiceYear Acquired Location Capacity-Reactor Type LicenseExpirationDate | Pilgrim | FitzPatrick | Indian Point 3 | Indian Point 2 | Vermont Yankee | Palisades |"}
{"_id": "d8b963004", "title": "", "text": "Net Investment Hedges We enter into foreign currency forward contracts to hedge non-U.\nS.  Dollar net investments in foreign subsidiaries against adverse changes in foreign exchange rates.\nWe assess whether the hedging relationship is highly effective in achieving offsetting changes in the value of the hedge and hedged item by qualitatively verifying that the critical terms of the hedge and hedged item match at the inception of the hedging relationship and on an ongoing basis.\nNet investment hedge derivatives are classified as foreign exchange contracts.\nThere were no components of derivative gains or losses excluded from the assessment of the hedge effectiveness for all periods presented.\nFor 2016, 2015 and 2014, there was no net investment hedge ineffectiveness.\nNet gains on net investment hedge derivatives recognized in OCI were $186 million in 2016, $60 million in 2015 and $54 million in 2014."}
{"_id": "d8d684d2c", "title": "", "text": "| 25 Basis Point Increase 25 Basis Point Decrease | Pension Plans | Discount Rate: | Effect on net periodic benefit cost | Effect on projected benefit obligation | Return on Assets: | Effect on net periodic benefit cost | Postretirement Medical Plans | Discount Rate: | Effect on net periodic benefit cost | Effect on accumulated postretirement benefit obligation | Health Care Cost Trend Rate: | Effect on net periodic benefit cost | Effect on accumulated postretirement benefit obligation |"}
{"_id": "d871b1f8a", "title": "", "text": "(3) Yield/rates and amounts include the effects of hedge and risk management activities associated with the respective asset and liability categories.\nTable 6 - Consolidated Average Balance Sheet and Net Interest Margin Analysis (Continued) (3) (dollar amounts in thousands)"}
{"_id": "d8cc9dfc0", "title": "", "text": "| December 31, | 2011 | Shares outstanding, beginning | Vested restricted stock and restricted stock units, net (a) | Issuance related to ESPP | Issuance related to SARS exercise | Shares repurchased | Shares outstanding, ending |"}
{"_id": "d8269a218", "title": "", "text": "| Total Reserves | Gross [1] [2] | Direct | Assumed Reinsurance | London Market | Total | Ceded | Net |"}
{"_id": "d8b4b03b8", "title": "", "text": "| U.K. U.S. Other | Combined experience loss | Amortization period (in years) | Estimated 2014 amortization of loss |"}
{"_id": "d87d15e4e", "title": "", "text": "| Three Months Ended | March 31, | (Dollars in thousands, except per share amounts) | Year Ended December 31, 2005: | Interest income | Interest expense | Net interest income | Provision for/(recovery of) loan and lease losses | Noninterest income | Noninterest expense | Minority interest in net (income) losses of consolidated affiliates | Income before income tax expense | Income tax expense | Net income | Earnings per common share—basic | Earnings per common share—diluted | Year Ended December 31, 2004: | Interest income | Interest expense | Net interest income | Provision for/(recovery of) loan and lease | Noninterest income | Noninterest expense | Minority interest in net (income) of consolidated affiliates | Income before income tax expense | Income tax expense | Net income | Earnings per common share—basic | Earnings per common share—diluted |"}
{"_id": "d8b38877e", "title": "", "text": "| (In Millions) | 2002 net revenue | Volume/weather | Fuel write-offs in 2002 | Net wholesale revenue | Base rate decreases | NISCO gain recognized in 2002 | Rate refund provisions | Other | 2003 net revenue |"}
{"_id": "d8ee6b314", "title": "", "text": "| Year Ended December 31, 2017 | (in millions) | Current income taxes | Federal | State | Foreign | Total current income taxes | Deferred income taxes | Federal | State | Total deferred income taxes(a) (b) | Investment tax credit amortization | Income tax expense from continuing operations | Tax benefit from discontinued operations | Total income tax expense included in Consolidated Statements of Operations |"}
{"_id": "d867fd6b0", "title": "", "text": "| 2010 2009 2008 | Number of shares | Outstanding nonvested shares, beginning of year | Shares granted | Shares vested | Shares forfeited | Outstanding nonvested shares, end of year | Issued | Balance, January 1, 2001 | Employee stock purchase plan | Shares granted to Directors | Shares sold to optionees | Balance, December 31, 2001 | Employee stock purchase plan | Shares granted to Directors | Shares sold to optionees | Acquisition of Technoguide | Balance, December 31, 2002 | Employee stock purchase plan | Shares granted to Directors | Shares sold to optionees | Balance, December 31, 2003 |"}
{"_id": "d8186bf98", "title": "", "text": "| Revenue Mix Summary Year Ended Comparable Store Sales Summary Year Ended | February 27, 2010 | Consumer electronics | Home office | Entertainment | Appliances | Services | Other | Total |"}
{"_id": "d8f4eda48", "title": "", "text": "| Instrument Amount of gain (loss)recognized in othercomprehensive income Income Statement location Amount of gain reclassified fromAOCI into income | 2013 | Electricity swaps and options | 2012 | Electricity swaps and options | 2011 | Electricity swaps and options |"}
{"_id": "d8ed18bce", "title": "", "text": "| Years Ended December 31, | 2008 | Cash dividends per common share: | Declared(a) | Paid | Total cash dividends (in millions): | Declared(a) | Paid |"}
{"_id": "d8e3253ce", "title": "", "text": "| At December 31, | (Dollars in thousands) | Gross basis: | Beginning of period reserves | Incurred losses | Paid losses | End of period reserves | Net basis: | Beginning of period reserves | Incurred losses | Paid losses | End of period reserves | (Dollars in thousands) | Balance at January 1 | Additions based on tax positions related to the current year | Additions for tax positions of prior years | Reductions for tax positions of prior years | Settlements with taxing authorities | Lapses of applicable statutes of limitations | Balance at December 31 |"}
{"_id": "d8f56569c", "title": "", "text": "| As of Change | January 3,2015 | (In millions) | Cash, cash equivalents and short-term investments | Net working capital |"}
{"_id": "d8bc3a426", "title": "", "text": "| Year ended December 31 - dollars in millions 2011 2010 2009 2008 2007 | Allowance for loan and lease losses – January 1 | Charge-offs | Commercial | Commercial real estate | Equipment lease financing | Consumer (a) | Residential real estate | Total charge-offs | Recoveries | Commercial | Commercial real estate | Equipment lease financing | Consumer (a) | Residential real estate | Total recoveries | Net charge-offs | Provision for credit losses (b) | Acquired allowance – National City | Other | Adoption of ASU 2009-17,Consolidations | Net change in allowance for unfunded loan commitments and letters ofcredit | Allowance for loan and lease losses – December 31 | Allowance as a percent of December 31: | Loans | Nonperforming loans | As a percent of average loans | Net charge-offs | Provision for credit losses | Allowance for loan and lease losses | Allowance as a multiple of net charge-offs |"}
{"_id": "d8445e5d8", "title": "", "text": "Investment Management Fees Investment management fees are generally calculated under contractual arrangements with our SIPs and the products for which we provide sub-advisory services as a percentage of the market value of AUM.\nAnnual rates vary by investment objective and type of services provided.\nRates for products sold outside of the U. S.  are generally higher than for U. S.  products because they are structured to compensate for certain distribution costs.\nInvestment management fees decreased $856.1 million in fiscal year 2016 primarily due to a 14% decrease in average AUM and the impact of a lower effective fee rate.\nInvestment management fees decreased $237.9 million in fiscal year 2015 primarily due to a 2% decrease in average AUM and the impact of a lower effective fee rate.\nThe decrease in average AUM in fiscal year 2016 occurred in all sales regions and primarily in the global/international and hybrid investment objectives.\nThe decrease in average AUM in fiscal year 2015 primarily occurred in the international sales regions and in the global/ international investment objectives, partially offset by slight increases in the other investment objectives.\nOur effective investment management fee rate (investment management fees divided by average AUM) was 59.7, 61.3 and 62.7 basis points for fiscal years 2016, 2015 and 2014.\nThe rate decrease in fiscal year 2016 was primarily due to higher weightings of AUM in U. S.  products and in lower fee products in the global/international investment objectives in the Europe, Middle East and Africa and Asia-Pacific sales regions, partially offset by higher performance fees.\nThe rate decrease in fiscal year 2015 was primarily due to higher weightings of AUM in U. S.  products and in lower fee products in the global/international investment objectives in the Europe, Middle East and Africa sales region, as well as lower performance fees.\nPerformance-based investment management fees were $26.5 million, $19.8 million and $50.9 million for fiscal years 2016, 2015 and 2014.\nThe higher fees in fiscal year 2014 were primarily related to fund of hedge funds products.\nU. S.  industry asset-weighted average management fee rates were as follows1 :"}
{"_id": "d8267f210", "title": "", "text": "Interest Expense  Interest expense increased in 2014 versus 2013 due to an increased weightedaverage debt level of $10.8 billion in 2014 from $9.6 billion in 2013, which more than offset the impact of the lower effective interest rate of 5.3% in 2014 versus 5.7% in 2013.\nInterest expense decreased in 2013 versus 2012 due to a lower effective interest rate of 5.7% in 2013 versus 6.0% in 2012.\nThe increase in the weighted-average debt level to $9.6 billion in 2013 from $9.1 billion in 2012 partially offset the impact of the lower effective interest rate.\nIncome Taxes  Higher pre-tax income increased income taxes in 2014 compared to 2013.\nOur effective tax rate for 2014 was 37.9% compared to 37.7% in 2013.\nHigher pre-tax income increased income taxes in 2013 compared to 2012.\nOur effective tax rate for 2013 was 37.7% compared to 37.6% in 2012."}
{"_id": "d89175920", "title": "", "text": "| 2011 2010 | Beginning balance | Gross increases in unrecognized tax benefits – prior year tax positions | Gross decreases in unrecognized tax benefits – prior year tax positions | Gross increases in unrecognized tax benefits – current year tax positions | Settlements with taxing authorities | Lapse of statute of limitations | Foreign exchange gains and losses | Ending balance |"}
{"_id": "d873c18a2", "title": "", "text": "Significant 2015 Developments and Outlook ?\nCon Edison reported 2015 net income of $1,193 million or $4.07 a share compared with $1,092 million or $3.73 a share in 2014.\nAdjusted earnings were $1,196 million or $4.08 a share in 2015 compared with $1,140 million or $3.89 a share in 2014.\nSee “Results of Operations” in Item 7 and “Non-GAAP Financial Measure” below.  ?\nIn 2015, the Utilities invested $2,595 million to upgrade and reinforce their energy delivery systems, and the competitive energy businesses invested $823 million in renewable electric production projects.\nIn 2016, the Companies are expected to invest $3,168 million for their energy delivery systems and $985 million in renewable electric production projects.\nCon Edison plans to meet its 2016 capital requirements, including for maturing securities, through internally-generated funds and the issuance of securities.\nThe company’s plans include the issuance of between $1,000 million and $1,500 million of long-term debt at the Utilities and the issuance of additional debt secured by its renewable electric production projects.\nThe company’s plans also include the issuance of up to $200 million of common equity in addition to equity under its dividend reinvestment, employee stock purchase and long term incentive plans.\nSee “Capital Requirements and Resources” in Item 1.  ?\nIn June 2015, Con Edison initiated a plan to sell the retail electric supply business of its competitive energy businesses.\nIn October 2015 O&R entered into an agreement to sell Pike to Corning Natural Gas Holding Corporation.\nSee Note U to the financial statements in Item 8.  ?\nCECONY forecasts average annual growth in peak demand in its service area at design conditions over the next five years for electric and gas to be approximately 0.2 percent and 2.3 percent, respectively, and average annual decrease in steam peak demand in its service area at design conditions over the next five years to be approximately 0.8 percent.\nO&R forecasts average annual growth of the peak demand in its service area over the next five years at design conditions for electric and gas to be approximately 0.3 percent and 0.6 percent, respectively.\nSee “The Utilities” in Item 1.  ?\nIn September 2015, CECONY, the New York State Public Service Commission (NYSPSC) staff and others entered into a Joint Proposal to settle the proceeding the NYSPSC commenced in February 2009 to examine the prudence of certain CECONY expenditures and related matters.\nPursuant to the Joint Proposal, which is subject to NYSPSC approval, the company is required to credit $116 million to customers and, for the period"}
{"_id": "d88df2adc", "title": "", "text": "GOODWILL AND OTHER INTANGIBLE ASSETS Goodwill and other intangible assets totaled $11.3 billion at December 31, 2013 and $10.9 billion at December 31, 2012.\nThe increase of $.4 billion was primarily due to additions to and changes in value of mortgage and other loan servicing rights.\nSee additional information regarding our goodwill and intangible assets in Note 10 Goodwill and Other Intangible Assets included in the Notes To Consolidated Financial Statements in Item 8 of this Report."}
{"_id": "d8ae49948", "title": "", "text": "Net interest and other financial costs decreased by $25 million in 2004 from 2003 and by $82 million in 2003 from 2002.\nThe decrease in 2004 is primarily due to an increase in interest income.\nThe decrease in 2003 is primarily due to an increase in capitalized interest related to increased long-term construction projects, the favorable effect of interest rate swaps, the favorable effect of a reduction in interest on tax deficiencies and increased interest income on investments.\nAdditionally, included in net interest and other financing costs are foreign currency gains of $9 million, $13 million and $8 million for 2004, 2003 and 2002."}
{"_id": "d82581f84", "title": "", "text": "| Outstanding options Exercisable options | Exercise price | $ 14.09 - 28.17 | 28.17 - 42.26 | 42.27 - 56.34 | 56.35 - 70.43 | 70.44 - 84.52 | 84.53 - 98.60 | 98.61 - 112.69 | 112.70 - 126.77 | 126.78 - 140.86 | $ 14.09 - 140.86 |"}
{"_id": "d816bdaca", "title": "", "text": "Table 2: The Corporation transfers residential mortgage loans to securitizations sponsored by the GSEs or GNMA in the normal course of business and receives RMBS in exchange which may then be sold into the market to third-party investors for cash proceeds.\nA majority of the first-lien residential and commercial mortgage loans securitized are initially classified as LHFS and accounted for under the fair value option.\nGains recognized on these LHFS prior to securitization, which totaled $487 million, $750 million and $715 million net of hedges, during 2016, 2015 and 2014, respectively are not included in the table above.\nThe Corporation may have the option to repurchase delinquent loans out of securitization trusts, which reduces the amount of servicing advances it is required to make.\nThe Corporation may also repurchase loans from securitization trusts to perform modifications.\nThe majority of repurchased loans are FHA-insured mortgages collateralizing GNMA securities.\nIn addition to cash proceeds as reported in the table above, the Corporation received securities with an initial fair value of $4.2 billion, $22.3 billion and $5.4 billion in connection with first-lien mortgage securitizations in 2016, 2015 and 2014.\nThe receipt of these securities represents non-cash operating and investing activities and, accordingly, is not reflected on the Consolidated Statement of Cash Flows.\nAll of these securities were initially classified as Level 2 assets within the fair value hierarchy.\nDuring 2016, 2015 and 2014 there were no changes to the initial classification.\nThe Corporation recognizes consumer MSRs from the sale or securitization of first-lien mortgage loans.\nServicing fee and ancillary fee income on consumer mortgage loans serviced, including securitizations where the Corporation has continuing\nThe following table shows the major categories of ongoing claims for which the Company has been able to estimate its probable liability and for which the Company has taken reserves and the related insurance receivables:"}
{"_id": "d8b378806", "title": "", "text": "| At December 31, | (Dollars in millions) | Balance at beginning of year | Liabilities assumed | Adjustments to reserves | Benefits paid in the current year | Balance at end of year | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8e2117e4", "title": "", "text": "| December 31,2012 December 31,2013 December 31,2014 December 31,2015 December 31,2016 December 31,2017 | DISCA | DISCB | DISCK | S&P 500 | Peer Group |"}
{"_id": "d880d3da6", "title": "", "text": "| Net sales Segment income | (Millions) | Industrial Coatings | Performance and Applied Coatings | Optical and Specialty Materials | Commodity Chemicals | Glass |"}
{"_id": "d8bb92280", "title": "", "text": "| 2009 Quarters 2008 Quarters | Earnings and dividends | Amounts in thousands, except per share | Interest income (taxable-equivalent basis) | Interest expense | Net interest income | Less: provision for credit losses | Other income | Less: other expense | Income before income taxes | Applicable income taxes (benefit) | Taxable-equivalent adjustment | Net income | Net income available to common shareholders | Per common share data | Basic earnings | Diluted earnings | Cash dividends | Average common shares outstanding | Basic | Diluted | Performance ratios, annualized | Return on | Average assets | Average common stockholders’ equity | Net interest margin on average earning assets (taxable-equivalent basis) | Nonaccrual loans to total loans and leases, net of unearned discount | Efficiency ratio(a) | Net operating (tangible) results(b) | Net operating income (in thousands) | Diluted net operating income per common share | Annualized return on | Average tangible assets | Average tangible common stockholders’ equity | Efficiency ratio(a) | Balance sheet data | In millions, except per share | Average balances | Total assets(c) | Total tangible assets(c) | Earning assets | Investment securities | Loans and leases, net of unearned discount | Deposits | Common stockholders’ equity(c) | Tangible common stockholders’ equity(c) | At end of quarter | Total assets(c) | Total tangible assets(c) | Earning assets | Investment securities | Loans and leases, net of unearned discount | Deposits | Common stockholders’ equity(c) | Tangible common stockholders’ equity(c) | Equity per common share | Tangible equity per common share | Market price per common share | High | Low | Closing |"}
{"_id": "d8f7483b0", "title": "", "text": "| Company Payments Volume  (billions) Total Volume  (billions) Total Transactions  (billions) Cards  (millions) | VisaInc.-1 | MasterCard | American Express | Discover | JCB | Diners Club |"}
{"_id": "d8ef19586", "title": "", "text": "The following table summarizes average client investment funds for 2011, 2010 and 2009:"}
{"_id": "d8f5beaf8", "title": "", "text": "NOTE 15."}
{"_id": "d8c52860a", "title": "", "text": "| (In millions) 2012 2011 2010 | Balance at January 1 | Current-year provisions | Expenditures | Other changes | Balance at December 31 | November 30, | 2010 | (In thousands) | Loan origination liabilities, beginning of year | Provision for losses issued during the period | Adjustments to pre-existing provision for losses from changes in estimates | Payments/settlements | Loan origination liabilities, end of year |"}
{"_id": "d872e41f0", "title": "", "text": "| Pretax Increase (Decrease) 2016 2015 | (in millions) | Premiums | Other revenues | Total revenues | Distribution expenses | Benefits, claims, losses and settlement expenses | Amortization of DAC | Total expenses | Total-1 |"}
{"_id": "d81d1e702", "title": "", "text": "| 1. Consolidated Financial Statements: | Management Report on Internal Controls — For the year ended Dec. 31, 2008. | Reports of Independent Registered Public Accounting Firm — For the years ended Dec. 31, 2008, 2007 and 2006. | Consolidated Statements of Income — For the three years ended Dec. 31, 2008, 2007 and 2006. | Consolidated Statements of Cash Flows — For the three years ended Dec. 31, 2008, 2007 and 2006. | Consolidated Balance Sheets — As of Dec. 31, 2008 and 2007. | 2. | Schedule II — Valuation and Qualifying Accounts and Reserves for the years ended Dec. 31, 2008, 2007 and 2006. | 3. |"}
{"_id": "d812de580", "title": "", "text": "Humana Inc.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) 3.\nACQUISITIONS On December 21, 2010, we acquired Concentra Inc. , or Concentra, a health care company based in Addison, Texas, for cash consideration of $804.7 million.\nThrough its affiliated clinicians, Concentra delivers occupational medicine, urgent care, physical therapy, and wellness services to workers and the general public through its operation of medical centers and worksite medical facilities.\nThe Concentra acquisition provides entry into the primary care space on a national scale, offering additional means for achieving health and wellness solutions and providing an expandable platform for growth with a management team experienced in physician asset management and alternate site care.\nThe preliminary fair values of Concentra’s assets acquired and liabilities assumed at the date of the acquisition are summarized as follows:"}
{"_id": "d8e69fdf6", "title": "", "text": "| ($ in millions) As Adjusted for Accounting Change | Balance at January 1, 2007 | Additions based on tax positions related to the current year | Additions for tax positions of prior years | Reductions for settlements | Effect of foreign currency exchange rates | Balance at December 31, 2007 | Balance sheet classification: | Income taxes payable | Deferred taxes and other liabilities | Total |"}
{"_id": "d8757dc54", "title": "", "text": "| As of December 31, | 2014 | (In $ millions) | Trade receivables, net | Inventories | Trade payables - third party and affiliates | Trade working capital |"}
{"_id": "d81f2e5b0", "title": "", "text": "Mortgage-related exposures carried at fair value The following table provides a summary of the Firms mortgage-related exposures, including the impact of risk management activities.\nThese exposures include all mortgage-related securities and loans carried at fair value regardless of their classification within the fair value hierarchy, and that are carried at fair value through earnings or at the lower of cost or fair value.\nThe table excludes securities held in the available-for-sale portfolio, which are reported on page 170 of this Note."}
{"_id": "d8d0c351e", "title": "", "text": "The Company conducts substantially all of its operations in the United States.\nThere are no transactions with a single customer that in the aggregate result in revenues that exceed ten percent of consolidated total revenues.\nTable 23 QUARTERLY TRENDS"}
{"_id": "d8d319318", "title": "", "text": "| Operating Leases | 2017 | 2018 | 2019 | 2020 | 2021 | Thereafter | Total minimum lease payments [1] |"}
{"_id": "d8a7c24a8", "title": "", "text": "Life Insurance Companies Key Insurance Risks Our Individual Retirement, Group Retirement, Life Insurance and Institutional Markets businesses manage risk through product design, experience monitoring, pricing actions, risk limitations, reinsurance and active monitoring and management of the relationships between assets and liabilities, including hedging.\nFor our Individual and Group Retirement and Life Insurance products offered by the Life Insurance Companies, key insurance risks include the following: ?\nMortality risk – represents the risk of loss arising from actual mortality rates being higher than expected mortality rates.\nThis risk could arise from pandemics or other events, including longer-term societal changes that cause higher than expected mortality.\nThis risk exists in a number of our product lines, but is most significant for our life insurance products.  ?\nLongevity risk – represents the risk of a change in value of a policy or benefit as a result of actual mortality rates being lower than the expected mortality rates.\nThis risk could arise from longer-term societal health changes as well as other factors.\nThis risk exists in a number of our product lines but is most significant for our retirement, institutional and annuity products.  ?\nPolicyholder behavior risk including surrender/lapse risk – represents the risk that actual policyholder behavior differs from expected behavior in a manner that has an adverse effect on our results of operations.\nThere are many assumptions made when products are sold, including how long the contracts will persist.\nActual experience can vary significantly from these assumptions.\nThis risk is impacted by a number of factors including changes in market conditions, especially interest rate and equity market changes, tax law, regulations and policyholder preferences.\nThis risk exists in the majority of our product lines.  ?\nInterest rate risk – represents the potential for loss due to a change in interest rates.\nInterest rate risk is measured with respect to assets, liabilities (both insurance-related and financial) and derivatives.\nThis risk manifests itself when interest rates move significantly in a short period of time.\nRapidly rising interest rates create the potential for increased surrenders.\nInterest rate risk\nGroup Retirement Group Retirement competes in the defined contribution market under its VALIC brand.\nVALIC is a leading retirement plan provider in the U. S.  for K-12 schools and school districts, higher education, healthcare, government and other not-for-profit institutions.\nThe defined contribution market is a highly efficient and competitive market that requires support for both plan sponsors and individual participants.\nTo meet this challenge, VALIC is investing in a client-focused technology platform to support improved compliance and self-service functionality.\nVALIC’s service model pairs self-service tools with its career financial advisors who provide individual plan participants with enrollment support and comprehensive financial planning services.\nChanges in the interest rate environment have a significant impact on sales, surrender rates, investment returns, guaranteed income features, and spreads in the annuity industry.\nSee AIG’s Outlook –Industry and Economic Factors - Changes in the Interest Rate Environment for additional discussion of the impact of market interest rate movement on our Group Retirement business.\nGroup Retirement provides products and services to certain employee benefit plans that are subject to the requirements of the DOL Fiduciary Rule.\nFor additional information on the DOL Fiduciary Rule, including the recent decision by the new administration to request a further review of the DOL Fiduciary Rule, see Part I, Item 1.  Business – Regulation.\nLife Insurance Consumers have increased needs for financial protection for beneficiaries, estate planning and wealth creation.\nLife Insurance addresses the need for protection against the risk of premature death through a broad spectrum of products that include both term and permanent life insurance.\nIn addition, Life Insurance offers products and benefits that offset other risks such as chronic and critical illness.\nIn response to a sustained low interest rate environment, Life Insurance has been actively re-pricing products and shifting its focus away from products with long-duration interest rate guarantees by introducing new products with shorter guarantees as well as indexed universal life products.\nSee AIG’s Outlook –Industry and Economic Factors - Changes in the Interest Rate Environment for additional discussion of the impact of market interest rate movement on our Life Insurance business.\nPersonal Insurance The need for full life cycle products and coverage, increases in personal wealth accumulation, and awareness of insurance protection and risk management continue to support the growth of the Personal Insurance industry.\nPersonal Insurance focuses on group and corporate clients, together with individual customers within national markets.\nWe expect the demand for multinational cross-border coverage and services to increase due to the internationalization of clients and customers.\nWe believe our global presence provides Personal Insurance a distinct competitive advantage.\nIn Japan, the competition for auto insurance has intensified, in part driven by a decline in new car sales and the existence of fewer but larger insurers.\nIn addition, the overall market size in homeowners insurance contracted after the duration restriction on long-term fire insurance became effective in October 2015.\nIn the U. S. , we compete in the high net worth market and will continue to expand our innovative products and services to distribution partners and clients.\nOutside of Japan and the U. S. , our Personal Insurance module continues to invest selectively in markets, which we believe have higher potential for sustainable profitability."}
{"_id": "d8e39a44e", "title": "", "text": "Investment Activities Investment activities in 2009 were down significantly from 2008 reflecting reduced capital spending and no significant acquisitions.\nCapital spending for continuing operations was $534 million in 2009, or 36% of depreciation and amortization, compared with $1.0 billion in 2008, or 74% of depreciation and amortization, and $1.3 billion, or 119% of depreciation and amortization in 2007.\nThe following table shows capital spending for continuing operations by business segment for the years ended December 31, 2009, 2008 and 2007."}
{"_id": "d893f1e9c", "title": "", "text": "| (In millions) CapitalLeaseObligations Operating Lease Obligations | 2005 | 2006 | 2007 | 2008 | 2009 | Later years | Sublease rentals | Total minimum lease payments | Less imputed interest costs | Present value of net minimum lease payments included in long-term debt |"}
{"_id": "d86783dc4", "title": "", "text": "| In millions of dollars 2008 2007 2006 % Change 2008 vs. 2007 % Change 2007 vs. 2006 | Net interest revenue | Non-interest revenue | Revenues, net of interest expense | Operating expenses | Provisions for loan losses and for benefits and claims | Income before taxes and minority interest | Income taxes | Minority interest, net of taxes | Net income | Revenues, net of interest expense, by region: | North America | EMEA | Latin America | Asia | Total revenues | Net income (loss) by region: | North America | EMEA | Latin America | Asia | Total net income | Average assets(in billions of dollars) | Return on assets | Key indicators(in billions of dollars) | Average loans | Purchase sales | Open accounts |"}
{"_id": "d8b8a5a54", "title": "", "text": "Net Sales Net sales increased by $44.5 million, or 1.9%, for the year ended December 31, 2008 from the year ended December 31, 2007.\nNet sales increased primarily due to increased sales prices of corrugated products and containerboard ($111.0 million), partially offset by the impact of lower sales volume ($66.5 million).\nTotal corrugated products volume sold decreased 2.9% to 30.3 billion square feet in 2008 compared to 31.2 billion square feet in 2007.\nOn a comparable shipment-per-workday basis, corrugated products sales volume decreased 3.3% in 2008 from 2007.\nShipments-per-workday is calculated by dividing our total corrugated products volume during the year by the number of workdays within the year.\nThe larger percentage decrease on a shipment-per-workday basis was due to the fact that 2008 had one more workday (252 days), those days not falling on a weekend or holiday, than 2007 (251 days).\nContainerboard sales volume to external"}
{"_id": "d88ac7542", "title": "", "text": "| December 31, | 2010 | (Dollars in thousands) | Commercial loans: | Software | Hardware | Venture capital/private equity | Life science | Premium wine | Other | Total commercial loans | Consumer loans | Total |"}
{"_id": "d8d73ed4e", "title": "", "text": "| Year Ended December 31, | 2014 | Foreign currency transaction losses, net | Debt extinguishment expense, net | Other, net | $65,187 |"}
{"_id": "d875d8ad2", "title": "", "text": "On November 2, 2018, the Board declared a cash dividend of $0.50 per share that was paid on January 25, 2019 to stockholders of record on December 31, 2018, for an aggregate amount of $68 million.\nDeclaration and payment of future quarterly dividends is at the discretion of our Board and may be adjusted as business needs or market conditions change.\nIn February 2019, the Board declared a cash dividend of $0.55 per share payable on April 26, 2019 to stockholders of record on March 29, 2019."}
{"_id": "d8603ffb8", "title": "", "text": "| Year-ended | Millions | Net sales | Income from operations, before income tax | Net gain from separation and merger of commodity chemicals business | Income tax expense | Income from discontinued operations, net of tax | Less: Net income attributable to non-controlling interests, discontinued operations | Net income from discontinued operations (attributable to PPG) | Year Ended December | (In thousands) | Depreciation and amortization | Capital expenditures | Impairment of goodwill |"}
{"_id": "d8ef7032c", "title": "", "text": "(a) Includes 3,385, 2,851, 2,955, 2,043 and 462 mdths for 2010, 2009, 2008, 2007 and 2006 respectively, which are also reflected in firm transportation and othe\nPart I Item 1 Entergy Corporation, Utility operating companies, and System Energy 196 Louisiana parishes in which it holds non-exclusive franchises.\nEntergy Louisiana's electric franchises expire during 2009-2036.\nEntergy Mississippi has received from the MPSC certificates of public convenience and necessity to provide electric service to areas within 45 counties, including a number of municipalities, in western Mississippi.\nUnder Mississippi statutory law, such certificates are exclusive.\nEntergy Mississippi may continue to serve in such municipalities upon payment of a statutory franchise fee, regardless of whether an original municipal franchise is still in existence.\nEntergy New Orleans provides electric and gas service in the City of New Orleans pursuant to city ordinances (except electric service in Algiers, which is provided by Entergy Louisiana).\nThese ordinances contain a continuing option for the City of New Orleans to purchase Entergy New Orleans' electric and gas utility properties.\nEntergy Texas holds a certificate of convenience and necessity from the PUCT to provide electric service to areas within approximately 24 counties in eastern Texas, and holds non-exclusive franchises to provide electric service in approximately 65 incorporated municipalities.\nEntergy Texas typically is granted 50-year franchises.\nEntergy Texas' electric franchises expire during 2009-2045.\nThe business of System Energy is limited to wholesale power sales.\nIt has no distribution franchises.\nProperty and Other Generation Resources Generating Stations The total capability of the generating stations owned and leased by the Utility operating companies and System Energy as of December 31, 2008, is indicated below:"}
{"_id": "d8f286fa2", "title": "", "text": "Drilling Fourth-quarter revenue of $3.91 billion was 6% higher sequentially.\nPretax operating income of $658 million improved 7% sequentially.\nSignificant sequential revenue growth was recorded by M-I SWACO from higher rig count on land in the US & Canada; sustained growth in deepwater activity in the US Gulf of Mexico; and strong contributions in Latin America.\nIPM activity increased significantly, mainly from projects in Mexico and in Iraq.\nDrilling & Measurements revenue increased on improved pricing and strong activity in the US Gulf of Mexico and the Nigeria & Gulf of Guinea GeoMarket, although this was partially offset by weather-related activity reductions in the North Sea and East Asia GeoMarkets.\nIn addition, Geoservices and Bits & Advanced Technologies registered robust sequential increases.\nSequentially, pretax operating margins were up slightly to 16.8%.\nDrilling & Measurements obtained increased margins from improved technology mix and service pricing but this was partly offset by the effects of weather-related activity delays and reductions.\nMost of the other Technologies exacted margin expansion following the continued successful integration and expansion of Smith, Geoservices and Schlumberger drilling technologies."}
{"_id": "d8b805040", "title": "", "text": "INTEL CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) The aggregate fair value of awards that vested in 2015 was $1.5 billion ($1.1 billion in 2014 and $1.0 billion in 2013), which represents the market value of our common stock on the date that the RSUs vested.\nThe grant-date fair value of awards that vested in 2015 was $1.1 billion ($949 million in 2014 and $899 million in 2013).\nThe number of RSUs vested includes shares of common stock that we withheld on behalf of employees to satisfy the minimum statutory tax withholding requirements.\nRSUs that are expected to vest are net of estimated future forfeitures.\nAs of December 26, 2015, there was $1.8 billion in unrecognized compensation costs related to RSUs granted under our equity incentive plans.\nWe expect to recognize those costs over a weighted average period of 1.2 years.\nStock Option Awards As of December 26, 2015, options outstanding that have vested and are expected to vest were as follows:"}
{"_id": "d8adf5f1e", "title": "", "text": "Commodities—Price Risk Management and Futures Contracts Our most significant raw material requirements include cocoa products, sugar, dairy products, peanuts and almonds.\nThe cost of cocoa products and prices for related futures contracts and costs for certain other raw materials historically have been subject to wide fluctuations attributable to a variety of factors.\nThese factors include: Commodity market fluctuations; Foreign currency exchange rates; Imbalances between supply and demand; The effect of weather on crop yield; Speculative influences; Trade agreements among producing and consuming nations; Supplier compliance with commitments; Political unrest in producing countries; and Changes in governmental agricultural programs and energy policies.\nWe use futures and options contracts and other commodity derivative instruments in combination with forward purchasing of cocoa products, sugar, corn sweeteners, natural gas and certain dairy products primarily to reduce the risk of future price increases and provide visibility to future costs.\nCurrently, active futures contracts are not available for use in pricing our other major raw material requirements, primarily peanuts and almonds.\nWe attempt to minimize the effect of future price fluctuations related to the purchase of raw materials by using forward purchasing to cover future manufacturing requirements generally for 3 to 24 months.\nHowever, dairy futures liquidity is not as developed as many of the other commodities futures markets and, therefore, it can be difficult to hedge our costs for dairy products by entering into futures contracts or other derivative instruments to extend coverage for long periods of time.\nWe use diesel swap futures contracts to minimize price fluctuations associated with our transportation costs.\nOur commodity procurement practices are intended to reduce the risk of future price increases and provide visibility to future costs, but also may potentially limit our ability to benefit from possible price decreases.\nOur costs for major raw materials will not necessarily reflect market price fluctuations primarily because of our forward purchasing and hedging practices.\nDuring 2018, average cocoa futures contract prices increased compared with 2017 and traded in a range between $0.88 and $1.23 per pound, based on the Intercontinental Exchange futures contract.\nCocoa production was higher during the 2017 to 2018 crop year and slightly outpaced the increase in global demand, which led to a small rebuild in global cocoa stocks over the past year.\nAt the beginning of the year, cocoa prices rallied sharply before declining in the second half due to increased supply relative to demand.\nThe table below shows annual average cocoa futures prices and the highest and lowest monthly averages for each of the calendar years indicated."}
{"_id": "d817f648c", "title": "", "text": "| (Dollars in millions) 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 Cumulative Re-estimates for Each Accident Year | Accident Years | 2003 and prior | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | Total calendar year effect | Canada-1 | Translation adjustment | Re-estimate of net reserve after translation adjustment | -1 This adjustment converts Canadian dollars to U.S. dollars. | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8956da0a", "title": "", "text": "| Payments Due by Future Period | Total | (in thousands) | Operating leases (Note 14) | Long-term debt including current portion (Note 6) | Interest on long-term debt -1 |"}
{"_id": "d8a463802", "title": "", "text": "Entergy Corporation and Subsidiaries Notes to Financial Statements 74 Fuel and purchased power cost recovery Entergy Arkansas, Entergy Gulf States Louisiana, Entergy Louisiana, Entergy Mississippi, Entergy New Orleans, and Entergy Texas are allowed to recover certain fuel and purchased power costs through fuel mechanisms included in electric and gas rates that are recorded as fuel cost recovery revenues.\nThe difference between revenues collected and the current fuel and purchased power costs is recorded as \"Deferred fuel costs\" on the Utility operating companies' financial statements.\nThe table below shows the amount of deferred fuel costs as of December 31, 2009 and 2008, that Entergy expects to recover (or return to customers) through fuel mechanisms, subject to subsequent regulatory review."}
{"_id": "d899fda5c", "title": "", "text": "Selling, General and Administrative Expense (“SG&A”) SG&A expense increased $2.1 billion or 38% to $7.6 billion during 2011 compared to 2010.\nThis increase was due primarily to the Company’s continued expansion of its Retail segment, increased headcount and related costs, higher spending on professional services and marketing and advertising programs, and increased variable costs associated with the overall growth of the Company’s net sales.\nSG&A expense increased $1.4 billion or 33% to $5.5 billion in 2010 compared to 2009.\nThis increase was due primarily to the Company’s continued expansion of its Retail segment, higher spending on marketing and advertising programs, increased share-based compensation expenses and variable costs associated with the overall growth of the Company’s net sales."}
{"_id": "d8aff5062", "title": "", "text": "| Shares Weighted Average Grant-date Fair Value | Non-vested shares at January 1 | Granted | Deferred | Vested | Forfeited | Non-vested shares at December 31 |"}
{"_id": "d8e3fa25e", "title": "", "text": "| Category of risk exposure: Fair Value Asset (Liability) Market Risk | December 31 | (Amounts in millions) | Equity markets -1: | Equity securities (a) | Options- purchased | - written | Warrants | Short sales | Limited partnership investments | Interest rate -2: | Treasury - short | Futures - short | Interest rate swaps-short | Short sales-foreign | Fixed maturities | Short-term investments | Other derivatives | Gold -3: | Options- purchased | - written |"}
{"_id": "d8b66184c", "title": "", "text": "| Year Ended December 31 2018 over 2017 2017 over 2016 | ($ in millions) | Cost of product sales | % of product sales | Cost of service revenues | % of service revenues | Income from operating investments, net | Other income and gains | General and administrative expenses | % of total sales and service revenues | Cost of sales and service revenues |"}
{"_id": "d8825d7f8", "title": "", "text": "| December 31, 2010 December 31, 2009 | Amount | ($ in millions) | Not subject to discretionary withdrawal provisions | Subject to discretionary withdrawal, with adjustment: | With market value adjustment | At market value | At contract value, less surrender charge of 5% or more | Subtotal | Subject to discretionary withdrawal at contract value with no surrender charge or surrender charge of less than5% | Total annuity reserves and deposit liabilities |"}
{"_id": "d8f5a2286", "title": "", "text": "| Year Ended December 31 2005 2004 2003 | (In millions) | Net earned premiums | Net investment income | Income (loss) before net realized investment losses | Net realized investment losses | Net income (loss) |"}
{"_id": "d83b5a284", "title": "", "text": "In the normal course of business, we enter into underwriting commitments.\nRJ&A and RJ Ltd. , as a lead, co-lead or syndicate member in the underwriting deal, may be subject to market risk on any unsold shares issued in the offering to which we are committed.\nRisk exposure is controlled by limiting participation, the deal size or through the syndication process."}
{"_id": "d8c2f0ffe", "title": "", "text": "Akyem, Ghana.\nGold production decreased 1% due to lower ore grade milled and a build-up of in-circuit inventory, partially offset by higher throughput and higher mill recovery rates.\nCosts applicable to sales per ounce increased 11% primarily due to a drawdown of ore stockpile inventory and higher milling costs, partially offset by lower oil prices.\nDepreciation and amortization per ounce increased 33% due to higher amortization rates as a result off higher ounces mined and increased equipment purchase.\nAll-in sustaining costs per ounce increased 2% due to higher costs applicable to sales per ounce, partially offset by lower sustaining capital spend."}
{"_id": "d8c25900a", "title": "", "text": "| December 31, 2008 Credit exposure % of credit portfolio Criticized exposure Nonperforming loans % of nonperforming loans to total loans (b) Net charge-offs/ (recoveries) % of net charge-offs to total loans(b) | Commercial real estate subcategories | Multi-family | Commercial lessors | Commercial construction and development | Other(a) | Total commercial real estate |"}
{"_id": "d817e58d0", "title": "", "text": "| At December 31, | (In thousands) | Cash and cash equivalents | Working capital -1 | Inventories | Total assets | Total debt, including current maturities | Total stockholders’ equity |"}
{"_id": "d833d4000", "title": "", "text": "Condensed Consolidating Financial Information Principal Life has established special purpose entities to issue secured medium-term notes.\nUnder the program, the payment obligations of principal and interest on the notes are secured by funding agreements issued by Principal Life.\nPrincipal Life’s payment obligations on the funding agreements are fully and unconditionally guaranteed by PFG.\nAll of the outstanding stock of Principal Life is indirectly owned by PFG and PFG is the only guarantor of the payment obligations of the funding agreements.\nThe following tables set forth condensed consolidating financial information of (i) PFG, (ii) Principal Life, (iii) Principal Financial Services, Inc.  (‘‘PFS’’) and all other direct and indirect subsidiaries of PFG on a combined basis and (iv) the eliminations necessary to arrive at the information for PFG on a consolidated basis as of December 31, 2010 and 2009, and for the years ended December 31, 2010, 2009 and 2008.\nIn presenting the condensed consolidating financial statements, the equity method of accounting has been applied to (i) PFG’s interest in PFS, (ii) Principal Life’s interest in all direct subsidiaries of Principal Life and (iii) PFS’s interest in Principal Life even though all such subsidiaries meet the requirements to be consolidated under U. S.  GAAP.\nEarnings of subsidiaries are, therefore, reflected in the parent’s investment and earnings.\nAll intercompany balances and transactions, including elimination of the parent’s investment in subsidiaries, between PFG, Principal Life and PFS and all other subsidiaries have been eliminated, as shown in the column ‘‘Eliminations and Other.\n’’ These condensed consolidating financial statements should be read in conjunction with the consolidated financial statements.\nThe financial information\nexposures.\nWe are not relying on said guarantors and are directly evaluating exposure to these investments.\nThe following table presents our top ten exposures as of December 31, 2010."}
{"_id": "d8e083396", "title": "", "text": "| Fair Value Measurements at Reporting Date Using | Description | Available-for-sale marketable securities | U.S. government obligations | U.S. government guaranteed | corporate bonds | Corporate bonds | Mortgage-backed securities | U.S. government guaranteed | collateralized mortgage obligations | Equity securities | Total |"}
{"_id": "d86fcff0a", "title": "", "text": "CAF provides financing for qualified customers at competitive market rates of interest.\nThroughout each month, we sell substantially all of the loans originated by CAF in securitization transactions as discussed in Note 4.\nThe majority of CAF income is generated by the spread between the interest rates charged to customers and the related cost of funds.\nA gain, recorded at the time of securitization, results from recording a receivable approximately equal to the present value of the expected residual cash flows generated by the securitized receivables.\nThe cash flows are calculated taking into account expected prepayments and losses.\nCAF income does not include any allocation of indirect costs or income.\nWe present this information on a direct basis to avoid making arbitrary decisions regarding the indirect benefit or costs that could be attributed to CAF.\nExamples of indirect costs not included are retail store expenses and corporate expenses such as human resources, administrative services, marketing, information systems, accounting, legal, treasury and executive payroll."}
{"_id": "d8b8ed35e", "title": "", "text": "| 2018 2017 | December 31, (in millions) | U.S. GAAP nettable derivative receivables | Interest rate contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total interest rate contracts | Credit contracts: | OTC | OTC–cleared | Total credit contracts | Foreign exchange contracts: | OTC | OTC–cleared | Exchange-traded(a) | Total foreign exchange contracts | Equity contracts: | OTC | Exchange-traded(a) | Total equity contracts | Commodity contracts: | OTC | Exchange-traded(a) | Total commodity contracts | Derivative receivables with appropriate legal opinion | Derivative receivables where an appropriate legal opinion has not been either sought or obtained | Total derivative receivables recognized on the Consolidated balance sheets | Collateral not nettable on the Consolidated balance sheets(b)(c) | Net amounts |"}
{"_id": "d80f19a44", "title": "", "text": "| December 31 Average Balance | (Dollars in millions) | Total loans and leases | Total earning assets-1 | Total assets-1 | Total deposits |"}
{"_id": "d87ee53be", "title": "", "text": "| September 30, 2006 September 30, 2007 September 30, 2008 September 30, 2009 September 30, 2010 September 30, 2011 | Apple Inc. | S&P 500 | S&P Computer Hardware | Dow Jones US Technology |"}
{"_id": "d8f177116", "title": "", "text": "| In millions of dollars Before application of SFAS 158 Adjustments After application of SFAS 158 | Other assets | Prepaid benefit cost | Other liabilities | Accrued benefit liability | Deferred taxes, net | Accumulated other comprehensive income (loss) | Total stockholders’ equity | In millions of dollars | By industry/counterparty | Bank | Broker-dealer | Monoline | Non-financial | Insurance and other financial institutions | Total by industry/counterparty | By instrument: | Credit default swaps and options | Total return swaps and other | Total by instrument | By rating: | Investment grade | Non-investment grade | Not rated | Total by rating |"}
{"_id": "d828e3ad8", "title": "", "text": "| (In millions) 2003 2002 2001 | E&P(a) | Domestic | International | Total E&P | RM&T | OERB | Corporate | Total |"}
{"_id": "d862a7e54", "title": "", "text": "| In billions of dollars December 31, 2007 exposures 2008 write- downs -1 2008 sales/ transfers -2 December 31, 2008 exposures | Direct ABS CDO super senior exposures: | Gross ABS CDO super senior exposures (A) | Hedged exposures (B) | Net ABS CDO super senior exposures: | ABCP/CDO(3) | High grade | Mezzanine | ABS CDO-squared | Total net ABS CDO super senior exposures (A-B=C) | Lending and structuring exposures: | CDO warehousing/unsold tranches of ABS CDOs | Subprime loans purchased for sale or securitization | Financing transactions secured by subprime | Total lending and structuring exposures (D) | Total net exposures C+D-6 | Credit adjustment on hedged counterparty exposures (E)(7) | Total net write-downs (C+D+E) |"}
{"_id": "d81b364e4", "title": "", "text": "| 2008 2009 Change | Other than temporary impairments recognized | Capital gain distributions received | Net gain (loss) realized on fund dispositions | Net loss recognized on fund holdings |"}
{"_id": "d888ccaa8", "title": "", "text": "We also maintain nonqualified supplemental retirement plans for certain employees and provide certain health care and life insurance benefits for qualifying retired employees (postretirement benefits) through various plans.\nPNC reserves the right to terminate or make changes to these plans at any time.\nThe nonqualified pension plan is unfunded.\nContributions from PNC and, in the case of the postretirement benefit plans, participant contributions cover all benefits paid under the nonqualified pension plan and postretirement benefit plans.\nThe postretirement plan provides benefits to certain retirees that are at least actuarially equivalent to those provided by Medicare Part D and accordingly, we receive a federal subsidy as shown in Table 70.\nIn November of 2015, we established a voluntary employee beneficiary association (VEBA) to partially fund postretirement medical and life insurance benefit obligations.\nWe use a measurement date of December 31 for plan assets and benefit obligations.\nA reconciliation of the changes in the projected benefit obligation for qualified pension, nonqualified pension and postretirement benefit plans as well as the change in plan assets for the qualified pension plan follows.\nTable 70: Reconciliation of Changes in Projected Benefit Obligation and Change in Plan Assets"}
{"_id": "d87964ef8", "title": "", "text": "| Table 56 Allocation of the Allowance for Credit Losses by Product Type | December 31, 2011 | (Dollars in millions) | Allowance for loan and lease losses | Residential mortgage | Home equity | Discontinued real estate | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer | U.S. commercial-2 | Commercial real estate | Commercial lease financing | Non-U.S. commercial | Total commercial-3 | Allowance for loan and lease losses | Reserve for unfunded lending commitments | Allowance for credit losses-4 |"}
{"_id": "d84dc5e00", "title": "", "text": "| Pretax revenue | In millions of dollars | Private equity and equity investments | Alt-A mortgages-1-2 | Commercial real estate (CRE) positions(1)(3) | CVA on Citi debt liabilities under fair value option | CVA on derivatives positions, excluding monoline insurers | Total significant revenue items |"}
{"_id": "d8f073148", "title": "", "text": "| Revenues $605,367 $68,644 $$100,558 $64,575 $839,144 | Production costs -1 | Transportation | E&P corporate | Exploration expenses | DD&A and valuation provision | Impairment of operating assets | Accretion expense | Income (loss) | Income tax expense (benefit) | Result of continuing operations from producing activities (excluding corporate overhead and interest costs) |"}
{"_id": "d825e6b96", "title": "", "text": "| Year Ended December 31, | 2015 | (in millions) | OTTI recorded in earnings—PFI excluding Closed Block Division-1 | Public fixed maturity securities | Private fixed maturity securities | Total fixed maturity securities | Equity securities | Other invested assets-2 | Total |"}
{"_id": "d8caba1f4", "title": "", "text": "| Year Ended December 31, | 2016 | (in millions) | Net gains (losses) from: | Other trading account assets | Foreign currency exchange movements | Other activities | Year ended December 31, | 2016 | (in millions) | Annualized new business premiums-1: | Group life | Group disability | Total |"}
{"_id": "d8da2d53c", "title": "", "text": "| Year ended December 31, | 2006 | (in millions) | Operating results: | Revenues | Expenses | Adjusted operating income | Realized investment gains, net, and related adjustments-1 | Income from continuing operations before income taxes, equity in earnings of operating joint ventures, extraordinary gain on acquisition andcumulative effect of accounting change |"}
{"_id": "d89aa953c", "title": "", "text": "| Expected Range of Prices   as a % of NYMEX Price | Oil | U.S. Onshore | U.S. Offshore | Canada | International |"}
{"_id": "d8b3a69a4", "title": "", "text": "| Years Ended December 31, | 2010 | (in millions) | Loss on sale and disposal of assets | Gener gas settlement | Loss on extinguishment of debt | AES Wind transaction costs | Other | Total other expense |"}
{"_id": "d825e6a42", "title": "", "text": "Performance Graph The annual changes for the period shown December 1, 2013 (when our ordinary shares began trading) to December 31, 2017 in the graph on this page are based on the assumption that $100 had been invested in Allegion plc ordinary shares, the Standard & Poor’s 500 Stock Index (\"S&P 500\") and the Standard & Poor's 400 Capital Goods Index (\"S&P 400 Capital Goods\") on December 1, 2013, and that all quarterly dividends were reinvested.\nThe total cumulative dollar returns shown on the graph represent the value that such investments would have had on December 31, 2017."}
{"_id": "d8cee7b3c", "title": "", "text": "| Shares Issued Treasury Shares SharesOutstanding | Balance at January 1, 2016 | Shares repurchased | Exercise of stock options and issuance ofother stock awards | Balance at December 31, 2016 | Shares repurchased | Exercise of stock options and issuance ofother stock awards | Balance at December 31, 2017 | Shares repurchased | Exercise of stock options and issuance ofother stock awards | Balance at December 31, 2018 |"}
{"_id": "d87f9935a", "title": "", "text": "| Percent Change Increase (Decrease) | For the years ended December 31, | Net Sales | Cost of Sales | Gross Profit | Gross Margin | SM&A Expense | SM&A Expense as a percent of sales | Business Realignment and Asset Impairments Charge | EBIT | EBIT Margin | Interest Expense, Net | Provision for Income Taxes | Effective Income Tax Rate | Net Income | Net Income Per Share—Diluted |"}
{"_id": "d8c9f26a4", "title": "", "text": "| Year Ended December 31, | 2010 | (Amounts in thousands) | Operating income | Adjustments: | Non-same store operating results | Fee and asset management revenue | Fee and asset management expense | Depreciation | General and administrative | Impairment | Same store NOI |"}
{"_id": "d81a6b028", "title": "", "text": "| Amount (In Millions) | 2007 net revenue | Volume/weather | Net gas revenue | Rider revenue | Base revenue | Other | 2008 net revenue |"}
{"_id": "d8b642c3a", "title": "", "text": "| December 31, (in millions) 2003 2002 | Consumer-related | Commercial-related: | Other unfunded commitments to extend credit(a)(b) | Standby letters of credit and guarantees(a) | Other letters of credit(a) | Total commercial-related | Customers’ securities lent |"}
{"_id": "d8d0e7c66", "title": "", "text": "| Year Amount | 2016 | 2017 | 2018 | 2019 | 2020 | Thereafter |"}
{"_id": "d885a080c", "title": "", "text": "| Purchase Consideration-1 Total Net (Liabilities) Assets Acquired (2) Purchased Intangible Assets Goodwill | (in millions) | 2008 | OMX AB | PHLX | BSX | Nord Pool | IDCG | Total for 2008 |"}
{"_id": "d8b5dcde0", "title": "", "text": "| December 31, 2016-1 | Fair Value | Level 1 | (in millions) | Assets: | Fixed maturities, held-to-maturity-3 | Trading account assets | Commercial mortgage and other loans | Policy loans | Short-term investments | Cash and cash equivalents | Accrued investment income | Other assets | Total assets | Liabilities: | Policyholders’ account balances—investment contracts | Securities sold under agreements to repurchase | Cash collateral for loaned securities | Short-term debt | Long-term debt-4 | Other liabilities | Separate account liabilities—investment contracts | Total liabilities | December 31, 2015-1 | Fair Value | Level 1 | (in millions) | Assets: | Fixed maturities, held-to-maturity-3 | Commercial mortgage and other loans | Policy loans | Short-term investments | Cash and cash equivalents | Accrued investment income | Other assets | Total assets | Liabilities: | Policyholders’ account balances—investment contracts | Securities sold under agreements to repurchase | Cash collateral for loaned securities | Short-term debt | Long-term debt-4(5) | Other liabilities | Separate account liabilities—investment contracts | Total liabilities | Year ended December 31, | 2016 | (in millions) | Long-Term Care | Other | Total divested businesses income (loss) excluded from adjusted operating income |"}
{"_id": "d8a75d440", "title": "", "text": "| 2007 2006 2005 | (In thousands) | SUPPLEMENTAL DISCLOSURES: | Total interest costs incurred | Interest capitalized | Interest expense related to discontinued operations | Interest expense | Cash paid for interest, net of amounts capitalized | Cash paid for income taxes | NON-CASH INVESTING AND FINANCING TRANSACTIONS: | Mortgage loans assumed with acquisitions | Common shares issued with acquisitions | Extinguishment of capital lease obligations | DownREIT operating partnership units issued with acquisitions | Preferred shares issued with acquisitions |"}
{"_id": "d8c2591b8", "title": "", "text": "| 2009 2008 | December 31, (in millions) | Investment-grade(a) | Noninvestment-grade(a) | Total contractual amount(b) | Allowance for lending-related commitments | Commitments with collateral |"}
{"_id": "d8745abe2", "title": "", "text": "| In millions December 312013 December 312012 | Commercial lending | Commercial | Commercial real estate | Equipment lease financing | Total commercial lending | Consumer lending | Home equity | Residential real estate | Credit card | Other consumer | Total consumer lending | Total loans (a) (b) | In millions | Home equity and residential real estate loans – excluding purchased impaired loans (a) | Home equity and residential real estate loans – purchased impaired loans (b) | Government insured or guaranteed residential real estate mortgages (a) | Purchase accounting adjustments – purchased impaired loans | Total home equity and residential real estate loans (a) |"}
{"_id": "d8d04d4d6", "title": "", "text": "| Trading & Investing | Balance at December 31, 2011 | Activity | Balance at December 31, 2012 | Impairment of goodwill | Balance at December 31, 2013 |"}
{"_id": "d8bcdd81a", "title": "", "text": "| Tower Cash Flow, for the three months ended December 31, 2006 $157,311 | Consolidated Cash Flow, for the twelve months ended December 31, 2006 | Less: Tower Cash Flow, for the twelve months ended December 31, 2006 | Plus: four times Tower Cash Flow, for the three months ended December 31, 2006 | Adjusted Consolidated Cash Flow, for the twelve months ended December 31, 2006 | Non-Tower Cash Flow, for the twelve months ended December 31, 2006 |"}
{"_id": "d883a3a72", "title": "", "text": "| 2014 2013 | Notes with rates from 2.13% to 6.15%, due 2016 to 2042 | Notes with rates from 7.00% to 7.75%, due 2016 to 2036 | Other debt | Total long-term debt | Less: unamortized discounts | Total long-term debt, net |"}
{"_id": "d8a919fcc", "title": "", "text": "| At December 31, | 2009 | Contract amount represents credit risk | Commitments to extend credit | Commercial | Consumer | Commercial real estate | Standby letters of credit | Change Attributable to: | Change | 2008 | Loans/Leases | Commercial and industrial | Commercial real estate | Total commercial | Automobile loans and leases | Home equity | Residential mortgage | Other consumer | Total consumer | Total loans | Deposits | Demand deposits — noninterest-bearing | Demand deposits — interest-bearing | Money market deposits | Savings and other domestic time deposits | Core certificates of deposit | Total core deposits | Other deposits | Total deposits |"}
{"_id": "d82739796", "title": "", "text": "| 2018 2017 2016 | Allowance for other funds used during construction | Allowance for borrowed funds used during construction |"}
{"_id": "d8c997772", "title": "", "text": "| Year Ended December 31, | (in millions) | Other-than-temporary impairment: | Total other-than-temporary impairment losses | Portions of loss recognized in other comprehensive income (before taxes) | Net securities impairment losses recognized in earnings | December 31, 2017 | Less than 12 Months | (dollars in millions) | Mortgage-backed securities: | Federal agencies and U.S. government sponsored entities | Other/non-agency | Total mortgage-backed securities | Total | December 31, 2016 | Less than 12 Months | (dollars in millions) | State and political subdivisions | Mortgage-backed securities: | Federal agencies and U.S. government sponsored entities | Other/non-agency | Total mortgage-backed securities | Total | For the years ended December 31, | Net revenues | Operating expenses: | Personnel expenses | Other selling, general, and administrative expenses | Total operating expenses | Income from operations | Interest and other (expense) income | Income before provision for income taxes | Provision for income taxes | Net income |"}
{"_id": "d8b190c96", "title": "", "text": "| December 31, 2011 | (Dollars in millions) | Impaired loans and troubled debt restructurings-1 | Allowance for loan and lease losses-2 | Carrying value-3 | Allowance as a percentage of carrying value | Collectively evaluated for impairment | Allowance for loan and lease losses | Carrying value-3, 4 | Allowance as a percentage of carrying value-4 | Purchased credit-impaired loans | Valuation allowance | Carrying value gross of valuation allowance | Valuation allowance as a percentage of carrying value | Total | Allowance for loan and lease losses | Carrying value-3, 4 | Allowance as a percentage of carrying value-4 |"}
{"_id": "d82074424", "title": "", "text": "| Insurance Products Retirement Products Corporate Benefit Funding Auto & Home International Banking Corporate & Other Total | (In millions) | Total revenues | Less: Net investment gains (losses) | Less: Adjustments related to net investment gains (losses) | Less: Other adjustments to revenues | Total operating revenues | Total expenses | Less: Adjustments related to net investment gains (losses) | Less: Other adjustments to expenses | Total operating expenses | Insurance Products | (In millions) | Total revenues | Less: Net investment gains (losses) | Less: Adjustments related to net investment gains (losses) | Less: Other adjustments to revenues | Total operating revenues | Total expenses | Less: Adjustments related to net investment gains (losses) | Less: Other adjustments to expenses | Total operating expenses |"}
{"_id": "d8f64af44", "title": "", "text": "| Fiscal Year | 2007 | Pre-tax gain (loss) on discontinued operations | DFS | Quilter | Aircraft leasing | $1,024 | At February 17, 2006  (dollars in millions) | Consumer loans | Goodwill | Amortizable intangible assets | Other assets | Total assets acquired | Total liabilities assumed | Net assets acquired | At November 30, | 2007 | (dollars in billions) | Assets under management or supervision by distribution channel: | Americas Retail Morgan Stanley brand | Americas Retail Van Kampen brand | Americas Intermediary-1 | U.S. Institutional | Non-U.S. | Total long-term assets under management or supervision | Institutional money markets/liquidity | Retail money markets | Total money markets | Total assets under management or supervision | Share of minority interest assets-2 | Total | Assets under management or supervision by asset class: | Equity | Fixed income | Money market | Alternatives-3 | Subtotal | Unit trusts | Total assets under management or supervision | Share of minority interest assets-2 | Total |"}
{"_id": "d87acf0f4", "title": "", "text": "| Years Ended December 31, | 2007 | (In millions) | Balance, beginning of period | Additions | Deductions | Balance, end of period |"}
{"_id": "d881d1a28", "title": "", "text": "| Year Ended December 31, | Assumption used in Monte Carlo lattice pricing model | Risk-free interest rate | Expected dividend yield | Expected volatility—ANSYS Stock Price | Expected volatility—NASDAQ Composite Index | Expected term | Correlation factor | Years Ended December 31 | Sales | Materials and production costs | Other expense, net | Income before taxes-1 |"}
{"_id": "d868c1588", "title": "", "text": "| 2011 Quarters 2010 Quarters | (In millions, except per share information) | Income statement | Net interest income | Noninterest income | Total revenue, net of interest expense | Provision for credit losses | Goodwill impairment | Merger and restructuring charges | All other noninterest expense-1 | Income (loss) before income taxes | Income tax expense (benefit) | Net income (loss) | Net income (loss) applicable to common shareholders | Average common shares issued and outstanding | Average diluted common shares issued and outstanding-2 | Performance ratios | Return on average assets | Four quarter trailing return on average assets-3 | Return on average common shareholders’ equity | Return on average tangible common shareholders’ equity-4 | Return on average tangible shareholders’ equity-4 | Total ending equity to total ending assets | Total average equity to total average assets | Dividend payout | Per common share data | Earnings (loss) | Diluted earnings (loss)(2) | Dividends paid | Book value | Tangible book value-4 | Market price per share of common stock | Closing | High closing | Low closing | Market capitalization | Average balance sheet | Total loans and leases | Total assets | Total deposits | Long-term debt | Common shareholders’ equity | Total shareholders’ equity | Asset quality-5 | Allowance for credit losses-6 | Nonperforming loans, leases and foreclosed properties-7 | Allowance for loan and lease losses as a percentage of total loans and leases outstanding-7 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases-7 | Allowance for loan and lease losses as a percentage of total nonperforming loans and leases excluding the purchased credit-impaired loan portfolio-6 | Amounts included in allowance that are excluded from nonperforming loans-8 | Allowance as a percentage of total nonperforming loans and leases excluding the amounts included in the allowance that are excluded from nonperforming loans-8 | Net charge-offs | Annualized net charge-offs as a percentage of average loans and leases outstanding-7 | Nonperforming loans and leases as a percentage of total loans and leases outstanding-7 | Nonperforming loans, leases and foreclosed properties as a percentage of total loans, leases and foreclosed properties-7 | Ratio of the allowance for loan and lease losses at period end to annualized net charge-offs | Capital ratios (period end) | Risk-based capital: | Tier 1 common | Tier 1 | Total | Tier 1 leverage | Tangible equity-4 | Tangible common equity-4 |"}
{"_id": "d89cc922c", "title": "", "text": "| Yearended December 31, | (Dollar amounts in millions) | Non-operating income (expense), GAAP basis | Less: Net income (loss) attributable to NCI | Non-operating income (expense)(1) | Compensation expense related to (appreciation)/depreciation on deferred compensation plans | Non-operating income (expense), less net income (loss) attributable to NCI, as adjusted |"}
{"_id": "d8dfb96d6", "title": "", "text": "| 2017 2016 | Carrying Amount at Beginning of Period | Liabilities Incurred-1 | Liabilities Settled-2 | Accretion | Revisions | Foreign Currency Translations | Carrying Amount at End of Period | Current Portion | Noncurrent Portion |"}
{"_id": "d884abfe6", "title": "", "text": "| Years Ended December 31, | 2008 | (in millions, except percentages) | Revenues | Management and financial advice fees | Distribution fees | Net investment income | Other revenues | Total revenues | Banking and deposit interest expense | Total net revenues | Expenses | Distribution expenses | General and administrative expense | Total expenses | Pretax income (loss) |"}
{"_id": "d8dae1604", "title": "", "text": "reflects the contribution from higher net sales, partially offset by higher input costs for energy, wood and freight.\nEntering 2007, earnings in the first quarter are expected to improve compared with the 2006 fourth quarter due primarily to reduced manufacturing costs reflecting the completion of the mill optimization project in Brazil in the fourth quarter.\nSales volumes are expected to be seasonally better in the U. S.  uncoated paper and market pulp businesses, but seasonally weaker in the Russian paper business.\nAverage sales price realizations should improve as we continue to implement previously announced price increases in Europe and Brazil, although U. S.  average price realizations are expected to remain flat.\nWood costs are anticipated to be higher due to supply difficulties in the winter months, and energy costs will be mixed.\nThe first-quarter 2007 acquisition of the Luiz Antonio mill in Brazil will provide incremental earnings.\nDuring 2007, the Pensacola, Florida mill will be converted to produce containerboard, reducing future U. S.  production capacity for uncoated freesheet paper.\nIndustrial Packaging Demand for Industrial Packaging products is closely correlated with non-durable industrial goods production in the United States, as well as with demand for processed foods, poultry, meat and agricultural products.\nIn addition to prices and volumes, major factors affecting the profitability of Industrial Packaging are raw material and energy costs, manufacturing efficiency and product mix.\nINDUSTRIAL PACKAGING net sales for 2006 increased 6% compared with 2005 and 8% compared with 2004.\nOperating profits in 2006 were 82% higher than in 2005 and 7% higher than in 2004.\nBenefits from improved price realizations ($156 million), sales volume increases ($29 million), a more favorable mix ($21 million), reduced market related downtime ($25 million) and strong mill performance ($43 million) were partially offset by the effects of higher raw material costs ($12 million), higher freight costs ($48 million), higher converting operations costs ($21 million) and other costs ($26 million).\nIn addition, a gain of $13 million was recognized in 2006 related to a sale of property in Spain.\nThe segment took 135,000 tons of downtime in 2006, none of which was market-related, compared with 370,000 tons of downtime in 2005, which included 230,000 tons of lack-of-order downtime."}
{"_id": "d85f61f9c", "title": "", "text": "| Sales Price | High | Fiscal 2007 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | Fiscal 2006 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d879e43d8", "title": "", "text": "| (millions of dollars) 2010 2009 Variance 2010 vs. 2009 2008 Variance 2009 vs. 2008 | Operating activities | Investing activities | Financing activities | Net change | Balance at beginning of period | Balance at end of period |"}
{"_id": "d8aac32b0", "title": "", "text": "General and Administrative Expenses.\nGeneral and administrative expenses increased 39% in fiscal 2012 compared to fiscal 2011 primarily due to higher acquisition related transaction costs associated with the Gen-Probe acquisition of $34.3 million, additional expenses, including retention costs, from the inclusion of Gen-Probe of $12.8 million, integration and consulting costs related to the Gen-Probe acquisition, an increase in bad debt expense internationally, charges for an ongoing state sales tax audit, an increase in the Nonqualified Deferred Compensation Plan, or DCP, liability, which is driven by the underlying market changes of hypothetical investments, and higher invoice collection fees from higher credit card payments.\nThese expenses were also higher due to"}
{"_id": "d89151c32", "title": "", "text": "| RSUs PSUs | Numberof Shares | Nonvested January 1, 2015 | Granted | Vested | Forfeited | Nonvested December 31, 2015 |"}
{"_id": "d8e6faf1c", "title": "", "text": "| Year ended December 31, | 2010 | Operating results: | Revenues | Benefits and expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments(1) | Related charges-2 | Income from continuing operations before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d8e63cd0a", "title": "", "text": "| Premiums Payable Premiums Receivable | (in millions) | 2014 | 2015 | 2016 | 2017 | 2018 | 2019-2027 | Total |"}
{"_id": "d8875fe0e", "title": "", "text": "THE HERSHEY COMPANY NOTES TO CONSOLIDATED FINANCIAL STATEMENTS(Continued) As of December 31, 2010, we had entered into purchase agreements with various suppliers.\nSubject to meeting our quality standards, the purchase obligations covered by these agreements were as follows as of December 31, 2010:"}
{"_id": "d8af8a906", "title": "", "text": "The objective of these instruments is to reduce variability in the forecasted interest payments of the Company's variable rate secured notes.\nWe may from time to time seek to retire or purchase our outstanding debt through cash purchases in the open market, privately negotiated transactions or otherwise.\nSuch repurchases, if any, will depend on prevailing market conditions, our liquidity requirements, contractual restrictions, and other factors.\nThe amounts involved may be material.\nIn addition to the $275 million repaid in fiscal 2016 noted above, we paid $36 million and $175 million in the 11-month period ended January 1, 2016, and fiscal 2015, respectively, to repurchase and retire a principal amount of $37 million and $183 million of outstanding debt, respectively."}
{"_id": "d8c1c8dd4", "title": "", "text": "Noncontrolling interest relating to the remaining units was $110.4 million and $113.1 million as of December 31, 2010 and 2009, respectively.\nDuring 2006, the Company acquired two shopping center properties located in Bay Shore and Centereach, NY.\nIncluded in Noncontrolling interests was approximately $41.6 million, including a discount of $0.3 million and a fair market value adjustment of $3.8 million, in redeemable units (the Redeemable Units), issued by the Company in connection with these transactions.\nThe properties were acquired through the issuance of $24.2 million of Redeemable Units, which are redeemable at the option of the holder; approximately $14.0 million of fixed rate Redeemable Units and the assumption of approximately $23.4 million of non-recourse debt.\nThe Redeemable Units consist of (i) 13,963 Class A Units, par value $1,000 per unit, which pay the holder a return of 5% per annum of the Class A par value and are redeemable for cash by the holder at any time after April 3, 2011, or callable by the Company any time after April 3, 2016, and (ii) 647,758 Class B Units, valued at an issuance price of $37.24 per unit, which pay the holder a return at a rate equal to the Companys common stock dividend and are redeemable by the holder at any time after April 3, 2007, for cash or at the option of the Company for Common Stock at a ratio of 1:1, or callable by the Company any time after April 3, 2026.\nThe Company is restricted from disposing of these assets, other than through a tax free transaction, until April 2016 and April 2026 for the Centereach, NY, and Bay Shore, NY, assets, respectively.\nDuring 2007, 30,000 units, or $1.1 million par value, of theClass BUnits were redeemed by the holder in cash at the option of the Company.\nNoncontrolling interest relating to the units was $40.4 million and $40.3 million as of December 31, 2010 and 2009, respectively.\nNoncontrolling interests also includes 138,015 convertible units issued during 2006, by the Company, which were valued at approximately $5.3 million, including a fair market value adjustment of $0.3 million, related to an interest acquired in an office building located in Albany, NY.\nThese units are redeemable at the option of the holder after one year for cash or at the option of the Company for the Companys common stock at a ratio of 1:1.\nThe holder is entitled to a distribution equal to the dividend rate of the Companys common stock.\nThe Company is restricted from disposing of these assets, other than through a tax free transaction, until January 2017.\nAmortization of Intangible Assets and Deferred Stock Compensation.\nAmortization of intangible assets and deferred stock compensation includes the amortization of the contract rights intangible associated with certain executory contracts, core/developed technology, trademarks, trade names, customer relationships, covenants not to compete and other intangibles acquired in business combinations completed during fiscal 2003, 2004 and 2005.\nWe amortize intangible assets on a straight-line basis over their useful lives, which range from three to ten years.\nDeferred stock compensation represents the intrinsic value of unvested stock options assumed in connection with prior year acquisitions.\nWe amortize deferred stock compensation on a straight-line basis over the options remaining vesting period of one to four years.\nGenerally, amortization of deferred stock compensation will decrease over time as the assumed stock options vest, although employee terminations affect the exact timing and amount of future amortization of deferred stock compensation.\nAmortization expense for these assets is included in the consolidated statements of operations as follows:"}
{"_id": "d81114718", "title": "", "text": "Year ended September 30, 2009 Compared with the Year ended September 30, 2008 - Other Revenue in the Other segment includes interest earnings on available corporate cash balances and gains/losses on corporate investments, including company-owned life insurance used as a funding vehicle for non-qualified deferred compensation programs.\nExpenses in this segment are predominantly executive compensation and beginning in August 2009, interest on our senior notes.\nThis interest will be approximately $26 million annually."}
{"_id": "d8b2d56ba", "title": "", "text": "Obligation for Future Contribution to an Equity Affiliate On 19 April 2015, a joint venture between Air Products and ACWA Holding entered into a 20-year oxygen and nitrogen supply agreement to supply Saudi Aramco’s oil refinery and power plant being built in Jazan, Saudi Arabia.\nAir Products owns 25% of the joint venture and guarantees the repayment of its share of an equity bridge loan.\nIn total, we expect to invest approximately $100 in this joint venture.\nAs of 30 September 2018, we recorded a noncurrent liability of $94.4 for our obligation to make future equity contributions in 2020 based on our proportionate share of the advances received by the joint venture under the loan."}
{"_id": "d8627563e", "title": "", "text": "| (in billions, except ratios) Reported Pro forma | Assets | Liabilities | Net income | Tier 1 capital ratio | Tier 1 leverage ratio |"}
{"_id": "d870d5fd0", "title": "", "text": "| 2016 2015 2014 | Third-party sales | ATOI |"}
{"_id": "d89ca87a2", "title": "", "text": "| As of December 31, | 2010 | (in billions, except percentages) | Owned Assets | Managed Assets-1: | Columbia | Threadneedle | Wrap account assets | Eliminations-2 | Total Managed Assets | Administered Assets | Total Owned, Managed and Administered Assets |"}
{"_id": "d8d4905b6", "title": "", "text": "| (Dollars in millions) December 31, 2007 2006 | Trade creditors | Accrued payrolls, vacation, and variable-incentive compensation | Accrued taxes | Post-employment obligations | Interest payable | Bank overdrafts | Other | Total payables and other current liabilities | 12 Months Ended December 30,2016 | U.S. Government | U.S. DoD | U.S. Army | Maryland Procurement Office |"}
{"_id": "d812cfb3e", "title": "", "text": "| Year Ended December 31, | 2011 | Risk-free interest rate | Expected life (in years) | Dividend yield | Expected volatility |"}
{"_id": "d829d99b0", "title": "", "text": "Applied’s backlog on any particular date is not necessarily indicative of actual sales for any future periods, due to the potential for customer changes in delivery schedules or cancellation of orders.\nCustomers may delay delivery of products or cancel orders prior to shipment, subject to possible cancellation penalties.\nDelays in delivery schedules and/or a reduction of backlog during any particular period could have a material adverse effect on Applied’s business and results of operations."}
{"_id": "d875a11ae", "title": "", "text": "| Year Ended December 31, | 2015 | (dollars in millions) | Assets | Interest-bearing cash and due from banks and deposits in banks | Taxable investment securities | Non-taxable investment securities | Total investment securities | Commercial | Commercial real estate | Leases | Total commercial | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others | Home equity lines of credit serviced by others | Automobile | Student | Credit cards | Other retail | Total retail | Total loans and leases-1 | Loans held for sale, at fair value | Other loans held for sale | Interest-earning assets | Allowance for loan and lease losses | Goodwill | Other noninterest-earning assets | Total noninterest-earning assets | Total assets | Liabilities and Stockholders’ Equity | Checking with interest | Money market accounts | Regular savings | Term deposits | Total interest-bearing deposits | Interest-bearing deposits held for sale | Federal funds purchased and securities sold under agreements to repurchase-2 | Other short-term borrowed funds-3 | Long-term borrowed funds | Total borrowed funds | Total interest-bearing liabilities | Demand deposits | Demand deposits held for sale | Other liabilities | Total liabilities | Stockholders’ equity | Total liabilities and stockholders’ equity | Interest rate spread | Net interest income | Net interest margin | Memo: Total deposits (interest-bearing and demand) |"}
{"_id": "d898dda3c", "title": "", "text": "| Series A preferred stock Series B preferred stock Common stock | (in millions) | Outstanding shares at January 1, 2007 | Shares issued | Treasury stock acquired | Outstanding shares at December 31, 2007 | Shares issued | Treasury stock acquired | Outstanding shares at December 31, 2008 | Shares issued | Treasury stock acquired | Outstanding shares at December 31, 2009 |"}
{"_id": "d85fbdc98", "title": "", "text": "| For the Years Ended | (In thousands) | Software development costs | Capitalized software costs | Capitalized costs related to share-based payments | Amortization of capitalized software costs | Total software development expense |"}
{"_id": "d8be6bcb8", "title": "", "text": "Item 5.\nMarket for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities Our common stock trades principally on The New York Stock Exchange under the trading symbol AMP.\nAs of February 12, 2016, we had approximately 15,429 common shareholders of record.\nPrice and dividend information concerning our common shares may be found in Note 26 to our Consolidated Financial Statements included in Part II, Item 8 of this Annual Report on Form 10-K.  Information regarding our equity compensation plans can be found in Part III, Item 12 of this Annual Report on Form 10-K.  Information comparing the cumulative total shareholder return on our common stock to the cumulative total return for certain indices is set forth under the heading ‘‘Performance Graph’’ provided in our 2015 Annual Report to Shareholders and is incorporated herein by reference.\nWe are primarily a holding company and, as a result, our ability to pay dividends in the future will depend on receiving dividends from our subsidiaries.\nFor information regarding our ability to pay dividends, see the information set forth under the heading ‘‘Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources’’ contained in Part II, Item 7 of this Annual Report on Form 10-K.  Share Repurchases The following table presents the information with respect to purchases made by or on behalf of Ameriprise Financial, Inc.  or any ‘‘affiliated purchaser’’ (as defined in Rule 10b-18(a)(3) under the Securities Exchange Act of 1934), of our common stock during the fourth quarter of 2015:"}
{"_id": "d8a3912d0", "title": "", "text": "| Year Ended December 31, | 2012 | Gas Delivered(MDt) | Firm Sales | Full service | Firm transportation | Total Firm Sales | Interruptible Sales | Total Gas Delivered to O&R Customers | Transportation of customer-owned gas | Sales for resale | Sales to electric generating stations | Off-System Sales | Total Sales |"}
{"_id": "d815c50d2", "title": "", "text": "| Payments Due by Period | Contractual Obligations | Long-term debt (a) | Capital lease obligations | Operating leases | Purchase obligations (b) | Other long-term liabilities (c) | $50,332 |"}
{"_id": "d870c56d0", "title": "", "text": "| December 31, 2018 December 31, 2017 | In millions of dollars | Carrying amount reported on the Consolidated Balance Sheet | Aggregate unpaid principal balance in excess of fair value | Balance of non-accrual loans or loans more than 90 days past due | Aggregate unpaid principal balance in excess of fair value for non-accrual loans or loans more than 90 days past due |"}
{"_id": "d8cfb20ee", "title": "", "text": "| 2008 2007 | Net earnings per common share: | Basic—as originally reported | Basic—impact of FSP No. EITF 03-6-1 | Basic—to be reported in 2009 | Diluted—as originally reported | Diluted—impact of FSP No. EITF 03-6-1 | Diluted—to be reported in 2009 |"}
{"_id": "d86d9fece", "title": "", "text": "Table of Contents MARKETAXESS HOLDINGS INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  (Continued) As of December 31, 2007, the Company had $13.1 million invested in municipal auction rate securities (MARS).\nLiquidity for these securities is typically provided by an auction process that resets the applicable interest rate at pre-determined 35-day intervals.\nAuctions for six securities with a par value of $11.2 million began to fail in February 2008 and, as a result, the Company had been unable to liquidate these holdings.\nDuring 2008, all of the securities were redeemed or had successful auctions at par value.\nThe Company no longer has any investments in MARS.\nThe Company enters into foreign currency forward contracts with a noncontrolling broker-dealer client to hedge its exposure to variability in foreign currency cash flows resulting from the net investment in its U. K.  subsidiary.\nThe Company assesses each foreign currency forward contract to ensure that it is highly effective at reducing the exposure being hedged.\nThe Company designates each foreign currency forward contract as a hedge, assesses the risk management objective and strategy, including identification of the hedging instrument, the hedged item and the risk exposure and how effectiveness is to be assessed prospectively and retrospectively.\nThese hedges are for a onemonth period and are used to limit exposure to foreign currency exchange rate fluctuations.\nThe gross and net fair value liability of $0.3 million as of December 31, 2009 is included in accounts payable and the gross and net fair value asset of $0.3 million as of December 31, 2008 is included in accounts receivable in the Consolidated Statements of Financial Condition.\nGains or losses on foreign currency forward contracts designated as hedges are included in accumulated other comprehensive loss on the Consolidated Statements of Financial Condition.\nA summary of the foreign currency forward contract is as follows:"}
{"_id": "d8b0de2a8", "title": "", "text": "The Black-Scholes model incorporates assumptions to value stock-based awards.\nThe risk-free rate of interest for periods within the contractual life of the option is based on a zero-coupon U. S.  government instrument over the expected term of the equity instrument.\nExpected volatility is based on implied volatility from traded options on the Company’s stock and historical volatility of the Company’s stock.\nTo estimate the option exercise timing to be used in the valuation model, in addition to considering the vesting period and contractual term of the option, the Company analyzes and considers actual historical exercise data for previously granted options.\nAt the time of grant, the Company estimates the number of options that it expects will be forfeited based on the Company’s historical experience.\nSeparate groups of employees that have similar behavior with regard to holding options for longer periods and different forfeiture rates are considered separately for valuation and attribution purposes."}
{"_id": "d890abeb8", "title": "", "text": "| For the year 2013 | Life | Revenue: | Premium | Net investment income | Other income | Total revenue | Expenses: | Policy benefits | Required interest on: | Policy reserves | Deferred acquisition costs | Amortization of acquisition costs | Commissions, premium taxes, and non-deferred acquisition costs | Insurance administrative expense-2 | Parent expense | Stock-based compensation expense | Interest expense | Total expenses | Subtotal | Non-operating items | Amortization of low-income housing interests | Measure of segment profitability (pretax) | Deduct applicable income taxes | Segment profits after tax | Add back income taxes applicable to segment profitability | Add (deduct) realized investment gains (losses) | Deduct Medicare Part Dadjustments -1 | Deduct amortization of low-incomehousing -4 | Deduct Guaranty Fund Assessment -5 | Deduct legal settlement expenses -6 | Add Family Heritage Life acquisitionadjustments -7 | Pretax income per Consolidated Statement of Operations | 2015 | 2016 | 2017 | 2018 | 2019 | Thereafter | Total minimum lease payments | Less: Amount representing lease of the orbital location and estimated executory costs (primarily insurance and maintenance) including profit thereon, included in total minimum lease payments | Net minimum lease payments | Less: Amount representing interest | Present value of net minimum lease payments | Less: Current portion | Long-term portion of capital lease obligations |"}
{"_id": "d8ccb9702", "title": "", "text": "| December 31, | 2009 | (millions) | Exploratory Well Costs Capitalized for a Period of One Year or Less | Exploratory Well Costs Capitalized for a Period Greater Than One Year After Completion of Drilling | Balance at End of Period | Number of Projects with Exploratory Well Costs That Have Been Capitalized for a Period Greater Than One Year After Completion of Drilling |"}
{"_id": "d8d1fd33a", "title": "", "text": "Notes to the Consolidated Financial Statements (Continued) NOTE 9.\nRETIREMENT PLAN We maintain a defined contribution pension plan covering full-time shoreside employees who have completed the minimum period of continuous service.\nAnnual contributions to the plan are based on fixed percentages of participants salaries and years of service, not to exceed certain maximums.\nPension cost was $13.9 million, $12.8 million and $12.2 million for the years ended December 31, 2006, 2005 and 2004, respectively."}
{"_id": "d866b2238", "title": "", "text": "| December 31, | 2009 | Genco sales to Marketing Company(a) | AERG sales to Marketing Company(a) | Marketing Company sales to CIPS(b) | Marketing Company sales to CILCO(b) | Marketing Company sales to IP(b) | Term Ending | Term | Megawatts(a) | Cost per megawatthour |"}
{"_id": "d8e51ccfe", "title": "", "text": "| (In thousands) Year EndedFebruary 1,2008 Year endedFebruary 2,2007 | Revenue | Net loss | Con Edison | Units | Non-vested at 12/31/06 | Granted | Vested and Exercised | Forfeited | Non-vested at 12/31/07 | (Millions of Dollars) | 2014 | 2015 | 2016 | 2017 | 2018 | December 31, | (Millions of Dollars) | Long-Term Debt (including current portion) | Con Edison | CECONY | Twelve Months Ended | (Millions of Dollars) | Operating revenues | Purchased power | Fuel | Net revenues | Operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Electric operating income | Millions of kWhs Delivered | Twelve Months Ended | Description | Residential/Religious(a) | Commercial/Industrial | Retail access customers | NYPA, Municipal Agency and other sales | Other operating revenues | Total |"}
{"_id": "d88c9d3ee", "title": "", "text": "| (in billions) | Net IPO proceeds | March 2008 redemptions of class B and class C (series I) common stock | Funding of escrow account | Balance at September 30, 2008 | October 2008 redemptions of class C (series II) and class C (series III) common stock | Balance of proceeds following October redemptions |"}
{"_id": "d8a44dd9a", "title": "", "text": "We participate in a Medicare Health Support pilot program through Green Ribbon Health, or GRH, a jointventure company with Pfizer Health Solutions Inc.  GRH is designed to support Medicare beneficiaries living with diabetes and/or congestive heart failure in Central Florida.\nGRH uses disease management initiatives including evidence-based clinical guidelines, personal self-directed change strategies, and personal nurses to help participants navigate the health system.\nRevenues under the contract with CMS, which expires October 31, 2008 unless terminated earlier, are subject to refund unless a savings target is met.\nTo date, all revenues have been deferred until reliable estimates are determinable.\nOur Products Marketed to Commercial Segment Employers and Members Smart Plans and Other Consumer Products Over the last several years, we have developed and offered various commercial products designed to provide options and choices to employers that are annually facing substantial premium increases driven by double-digit medical cost inflation.\nThese Smart plans, discussed more fully below, and other consumer offerings, which can be offered on either a fully-insured or ASO basis, provided coverage to approximately 564,700 members at December 31, 2007, representing approximately 16.4% of our total commercial medical membership as detailed below."}
{"_id": "d869d079e", "title": "", "text": "growth focused.\nFor example, in December 2005, 3M announced its intention to build an LCD optical film manufacturing facility in Poland to support the fast-growing LCD-TV market in Europe and to better serve its customers.\nThe Company expects 2006 capital expenditures to total approximately $1.1 billion, compared with $943 million in 2005.\nIn the third quarter of 2005, 3M completed the acquisition of CUNO.3M acquired CUNO for approximately $1.36 billion, including assumption of debt.\nThis $1.36 billion included $1.27 billion of cash paid (net of cash acquired) and the assumption of $80 million of debt, most of which has been repaid.\nIn 2005, the Company also entered into two additional business combinations for a total purchase price of $27 million.\nRefer to Note 2 to the Consolidated Financial Statements for more information on these 2005 business combinations, and for information concerning 2004 and 2003 business combinations.\nPurchases of investments in 2005 include the purchase from TI&M Beteiligungsgesellschaft mbH of 19 percent of I&T Innovation Technology (discussed previously under the Transportation business segment).\nThe purchase price of approximately $55 million is reported as Investments in the Consolidated Balance Sheet and as Purchases of Investments in the Consolidated Statement of Cash Flows.\nOther Purchases of Investments and Proceeds from Sale of Investments in 2005 are primarily attributable to auction rate securities, which are classified as available-for-sale.\nPrior to 2005, purchases of and proceeds from the sale of auction rate securities were classified as Cash and Cash Equivalents.\nAt December 31, 2004, the amount of such securities taken as a whole was immaterial to Cash and Cash Equivalents, and accordingly were not reclassified for 2004 and prior.\nProceeds from the sale of investments in 2003 include $26 million of cash received related to the sale of 3Ms 50% ownership in Durel Corporation to Rogers Corporation.\nAdditional purchases of investments totaled $5 million in 2005, $10 million in 2004 and $16 million in 2003.\nThese purchases include additional survivor benefit insurance and equity investments.\nThe Company is actively considering additional acquisitions, investments and strategic alliances."}
{"_id": "d8c6f402e", "title": "", "text": "Note 13.\nCapital Stock In August 2008, the Company issued 2,419,932 shares of its common stock at a price of $17.3788 in a public offering, which resulted in net proceeds to the Company of approximately $42.0 million, after deducting offering expenses.\nIn March 2007, the Company issued 5,000,000 shares of common stock in a public offering, and in April 2007, an additional 80,068 shares of common stock were issued in connection with the offering upon the partial exercise of the underwriters over-allotment option.\nThe Company has authorized 1,000,000 shares of Class B Preferred Stock, $0.01 par value, of which the Board of Directors can set the designation, rights and privileges.\nNo shares of Class B Preferred Stock have been issued or are outstanding."}
{"_id": "d897d0bc6", "title": "", "text": "| In billions of dollars Dec. 31, 2015 Sept. 30, 2015 Dec. 31, 2014 | HQLA | Net outflows | LCR | HQLA in excess of net outflows |"}
{"_id": "d8964494c", "title": "", "text": "rates, partially offset by a benefit from updating our variable annuity living benefit withdrawal utilization assumption.\nSee our Consolidated and Segment Results of Operations sections below for the pretax impacts on our revenues and expenses attributable to unlocking and additional discussion of the drivers of the unlocking impact.\nWe consolidate certain collateralized loan obligations (CLOs) and property funds for which we provide asset management services.\nThese entities are defined as consolidated investment entities (CIEs).\nWhile the consolidation of the CIEs impacts our balance sheet and income statement, our exposure to these entities is unchanged and there is no impact to the underlying business results.\nFor further information on CIEs, see Note 4 to our Consolidated Financial Statements.\nChanges in the valuation of the CIE assets and liabilities impact pretax income.\nThe net income (loss) of the CIEs is reflected in net income (loss) attributable to noncontrolling interests.\nThe results of operations of the CIEs are reflected in the Corporate & Other segment.\nOn a consolidated basis, the management fees we earn for the services we provide to the CIEs and the related general and administrative expenses are eliminated and the changes in the assets and liabilities related to the CIEs, primarily syndicated loans and debt, are reflected in net investment income.\nWe continue to include the fees from these entities in the management and financial advice fees line within our Asset Management segment.\nWhile our consolidated financial statements are prepared in accordance with U. S.  generally accepted accounting principles (GAAP), management believes that operating measures, which exclude net realized investment gains or losses, net of the related DSIC and DAC amortization, unearned revenue amortization and the reinsurance accrual; the market impact on variable annuity guaranteed benefits, net of hedges and the related DSIC and DAC amortization; the market impact on indexed universal life benefits, net of hedges and the related DAC amortization, unearned revenue amortization and the reinsurance accrual; the market impact of hedges to offset interest rate changes on unrealized gains or losses for certain investments; integration and restructuring charges; income (loss) from discontinued operations; and the impact of consolidating CIEs, best reflect the underlying performance of our core operations and facilitate a more meaningful trend analysis.\nManagement uses certain of these non-GAAP measures to evaluate our financial performance on a basis comparable to that used by some securities analysts and investors.\nAlso, certain of these non-GAAP measures are taken into consideration, to varying degrees, for purposes of business planning and analysis and for certain compensation-related matters.\nThroughout our Managements Discussion and Analysis, these non-GAAP measures are referred to as operating measures.\nThese non-GAAP measures should not be viewed as a substitute for U. S.  GAAP measures.\nIt is managements priority to increase shareholder value over a multi-year horizon by achieving our on-average, over-time financial targets.\nOur financial targets are: ?\nOperating total net revenue growth of 6% to 8%, ?\nOperating earnings per diluted share growth of 12% to 15%, and ?\nOperating return on equity excluding accumulated other comprehensive income (AOCI) of 19% to 23%.\nThe following tables reconcile our GAAP measures to operating measures:"}
{"_id": "d8f54892a", "title": "", "text": "| 2015 2014 2013 | Third-party sales | ATOI |"}
{"_id": "d843a79dc", "title": "", "text": "COMMITMENTS AND CONTINGENCIES LITIGATION We are involved in various legal proceedings, including commercial, competition, environmental, health, safety, product liability, and insurance matters.\nIn September 2010, the Brazilian Administrative Council for Economic Defense (CADE) issued a decision against our Brazilian subsidiary, Air Products Brasil Ltda.\n, and several other Brazilian industrial gas companies for alleged anticompetitive activities.\nCADE imposed a civil fine of R$179.2 million (approximately $55 at 30 September 2016) on Air Products Brasil Ltda.\nThis fine was based on a recommendation by a unit of the Brazilian Ministry of Justice, whose investigation began in 2003, alleging violation of competition laws with respect to the sale of industrial and medical gases.\nThe fines are based on a percentage of our total revenue in Brazil in 2003.\nWe have denied the allegations made by the authorities and filed an appeal in October 2010 with the Brazilian courts.\nOn 6 May 2014, our appeal was granted and the fine against Air Products Brasil Ltda.\nwas dismissed.\nCADE has appealed that ruling and the matter remains pending.\nWe, with advice of our outside legal counsel, have assessed the status of this matter and have concluded that, although an adverse final judgment after exhausting all appeals is possible, such a judgment is not probable.\nAs a result, no provision has been made in the consolidated financial statements.\nWe estimate the maximum possible loss to be the full amount of the fine of R$179.2 million (approximately $55 at 30 September 2016) plus interest accrued thereon until final disposition of the proceedings.\nOther than this matter, we do not currently believe there are any legal proceedings, individually or in the aggregate, that are reasonably possible to have a material impact on our financial condition, results of operations, or cash flows.\nENVIRONMENTAL In the normal course of business, we are involved in legal proceedings under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA: the federal Superfund law); Resource Conservation and Recovery Act (RCRA); and similar state and foreign environmental laws relating to the designation of certain sites for investigation or remediation.\nPresently, there are approximately 33 sites on which a final settlement has not been reached where we, along with others, have been designated a potentially responsible party by the Environmental Protection Agency or are otherwise engaged in investigation or remediation, including cleanup activity at certain of our current and former manufacturing sites.\nWe continually monitor these sites for which we have environmental exposure.\nAccruals for environmental loss contingencies are recorded when it is probable that a liability has been incurred and the amount of loss can be reasonably estimated.\nThe consolidated balance sheets at 30 September 2016 and 2015 included an accrual of $81.4 and $80.6, respectively, primarily as part of other noncurrent liabilities.\nThe environmental liabilities will be paid over a period of up to 30 years.\nWe estimate the exposure for environmental loss contingencies to range from $81 to a reasonably possible upper exposure of $95 as of 30 September 2016."}
{"_id": "d87c3afd8", "title": "", "text": "| Actual Allocations Target Allocations | Asset Class | Fixed income | Global equity | Private equity | Real estate and real assets | Global strategies | Hedge funds | Total |"}
{"_id": "d812ed40e", "title": "", "text": "Copyright?2016 Standard & Poor’s, a division of The McGraw-Hill Companies Inc.  All rights reserved.\nSource: Research Data Group, Inc.  (www.\nresearchdatagroup.\ncom/S&P.\nhtm)"}
{"_id": "d8a2ea12e", "title": "", "text": "| December 31 2007 2006 | Sigma Fund | Investments | Property, plant and equipment | Intangible assets | Goodwill | $14,318 |"}
{"_id": "d8ed030bc", "title": "", "text": "| -1 (2) December 31, 2007 December 31, 2006 | NAIC Designation | (in millions) | 1 | 2 | Subtotal Investment Grade | 3 | 4 | 5 | 6 | Subtotal Below Investment Grade | Total Private Fixed Maturities |"}
{"_id": "d875d0026", "title": "", "text": "Cost of sales increased during fiscal 2010 as compared to fiscal 2009 primarily due to the associated increase in shrinkwrap shipments as a result of the launch of our CS5 products during fiscal 2010.\nSubscription Cost of subscription revenue consists of expenses related to operating our network infrastructure, including depreciation expenses and operating lease payments associated with computer equipment, data center costs, salaries and related expenses of network operations, implementation, account management and technical support personnel, amortization of intangible assets and allocated overhead.\nWe enter into contracts with third-parties for the use of their data center facilities and our data center costs largely consist of the amounts we pay to these third-parties for rack space, power and similar items.\nCost of subscription revenue decreased during fiscal 2011 as compared to fiscal 2010 primarily due to a decrease in amortization expense related to certain intangible assets purchased through our acquisition of Omniture that were fully amortized at the end of fiscal 2011 offset in part by increases in costs associated with compensation and related benefits driven by additional headcount and increases in data center costs related to higher transaction volumes.\nCost of subscription revenue increased in fiscal 2010 as compared to fiscal 2009 as a result of our acquisition of Omniture in the fourth quarter of fiscal 2009 and the addition of its related data center costs.\nAlso included in cost of subscription revenue for fiscal 2010 is $58.4 million of amortization expense related to intangible assets acquired in conjunction with this acquisition.\nServices and Support Cost of services and support revenue is primarily comprised of employee-related costs and associated costs incurred to provide consulting services, training and product support.\nCost of services and support revenue increased during fiscal 2011 as compared to fiscal 2010, primarily due to increases in costs associated with compensation and related benefits driven by additional headcount primarily from the Day acquisition.\nCost of services and support revenue increased during fiscal 2010 as compared to fiscal 2009, due to increases in costs associated with compensation and related benefits driven by additional headcount as a result of our acquisition of Omniture."}
{"_id": "d884dae18", "title": "", "text": "Off Balance Sheet Commitments See Item 8, Financial Statements and Supplementary Data - Note 18 , “Commitments and Contingencies - Off Balance Sheet Commitments,” for more information regarding undrawn capital commitments."}
{"_id": "d8b477a04", "title": "", "text": "| Payments Due by Period | Contractual Obligations | Debt | Operating leases | Interest on debt | Pension obligations (a) | Capital commitment obligations (b) | Purchase and other commitments | Total contractual cash obligations (c), (d) |"}
{"_id": "d8a73efea", "title": "", "text": "| (Favorable) Unfavorable | 0.5 Percentage Point Increase | in millions | Actuarial Assumptions | Discount rate | Pension | Other postretirement benefits | Expected return on plan assets | Rate of compensation increase | (for salary-related plans) | Rate of increase in the per capita cost of covered healthcare benefits |"}
{"_id": "d8a391168", "title": "", "text": "| Securities Exchange ActFile No. 1-1217 | Date Filed With Department of State | 2/18/1998 |"}
{"_id": "d8ba76400", "title": "", "text": "| 2013 2012 2011 | (In millions) | Sales and other operating revenues | Costs and expenses | Operating costs and expenses | Production and severance taxes | Exploration expenses, including dry holes and lease impairment | General, administrative and other expenses | Depreciation, depletion and amortization | Total costs and expenses | Results of operations before income taxes | Provision(benefit) for income taxes | Results of operations |"}
{"_id": "d8ea7c3de", "title": "", "text": "During the year ended December 31, 2018, Ameren, Ameren Missouri, and Ameren Illinois updated their respective provisional estimates in accordance with SEC staff guidance and recorded $13 million, $4 million, and $4 million, respectively, of income tax expense, primarily due to the application of proposed IRS regulations on depreciation transition rules.\nThe offsetting impact to Ameren’s, Ameren Missouri’s, and Ameren Illinois’ regulatory asset and regulatory liability balances was immaterial.\nAs of December 31, 2018, Ameren, Ameren Missouri, and Ameren Illinois have completed their accounting for certain effects of the TCJA.\nFor our regulated operations, reductions in accumulated deferred income tax balances due to the reduction in the federal statutory corporate income tax rate to 21% will result in amounts previously collected from utility customers for these deferred taxes being refundable to those customers, generally through reductions in future rates.\nThe TCJA includes provisions related to the IRS normalization rules that address the time period in which certain plant-related components of the excess deferred taxes are to be reflected in customer rates.\nThis time period for the Ameren Companies is approximately 30 to 60 years.\nOther components of the excess deferred taxes will be reflected in customer rates as determined by our state and federal regulators, which could be a shorter time period than that applicable to certain plant-related components.\nSee Note 2 – Rate and Regulatory Matters for information regarding the various proceedings for the TCJA impacts with our regulators.\nMissouri Income Tax Rate In 2018, legislation modifying Missouri tax law was enacted to decrease the state’s corporate income tax rate from 6.25% to 4%, effective January 1, 2020.\nAs a result, in 2018, Ameren’s and Ameren Missouri’s accumulated deferred tax balances were revalued, resulting in a net decrease of $122 million to their accumulated deferred tax liability, which was offset by a regulatory liability.\nAdditionally, Ameren recorded an immaterial amount to income tax expense.\nAs a result of its PISA election under Missouri Senate Bill 564, which prohibits a change in electric base rates prior to April 2020, Ameren Missouri anticipates that the effect of this tax decrease will be reflected in customer rates upon completion of its next regulatory rate review.\nAmeren (parent) and nonregistrant subsidiaries do not expect this income tax decrease to have a material impact on net income.\nIllinois Income Tax Rate In July 2017, Illinois enacted a law that increased the state’s corporate income tax rate from 7.75% to 9.5% as of July 1, 2017.\nThe law made the increase in the state’s corporate income tax rate permanent.\nThat rate was previously scheduled to go to 7.3% in 2025.\nIn 2017, Ameren recorded an expense of $14 million at Ameren (parent) due to the revaluation of accumulated deferred taxes and the estimated state apportionment of such taxes.\nBeyond this expense, Ameren and Ameren Illinois do not expect this tax increase to have a material impact on their net income prospectively.\nThe tax increase is not expected to materially affect the earnings of the Ameren Illinois Electric Distribution, the Ameren Transmission, or the Ameren Illinois Transmission segments, since these businesses operate under formula ratemaking frameworks.\nThe tax increase"}
{"_id": "d869b4bfc", "title": "", "text": "| 2016 $917 | 2017 | 2018 | 2019 | 2020 | Thereafter | Total |"}
{"_id": "d82a3a576", "title": "", "text": "| 2016 Quarters 2015 Quarters | (Dollars in millions, except per share information) | Fully taxable-equivalent basis data-1 | Net interest income | Total revenue, net of interest expense | Net interest yield | Efficiency ratio |"}
{"_id": "d8b78e88c", "title": "", "text": "| Year ended December 31, 2005 Year ended December 31, 2004 | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Total investment income |"}
{"_id": "d86f848f2", "title": "", "text": "| Year ended December 31, | 2008 | Stock-based compensation: | Restricted stock and RSUs | Stock options | Long-term incentive plans funded by PNC | ESPP and other | Total stock-based compensation |"}
{"_id": "d8d3191a6", "title": "", "text": "| Pension Benefits Other Postretirement Benefits | 2005 | 2006 | 2007 | 2008 | 2009 | 2010-2014 | Total |"}
{"_id": "d8f4a865a", "title": "", "text": "| 2016 2015 2014 2013 2012 | December 31 Dollars in millions | Commercial | Commercial real estate | Equipment lease financing | Home equity | Residential real estate | Credit card | Other consumer | Total |"}
{"_id": "d863b742a", "title": "", "text": "ITEM 7 / ENTERPRISE RISK MANAGEMENT ?\nPaid losses recoverable – balances due from reinsurers for losses and loss adjustment expenses paid by our subsidiaries and billed, but not yet collected.  ?\nCeded loss reserves – ultimate ceded reserves for losses and loss adjustment expenses, including reserves for claims reported but not yet paid and estimates for IBNR.  ?\nCeded reserves for unearned premiums.\nAt December 31, 2015, total reinsurance recoverable assets were $20.4 billion.\nThese assets include general reinsurance paid losses recoverable of $1.2 billion, ceded loss reserves of $14.5 billion including reserves for IBNR, and ceded reserves for unearned premiums of $3.0 billion, as well as life reinsurance recoverables of $1.7 billion.\nThe methods used to estimate IBNR and to establish the resulting ultimate losses involve projecting the frequency and severity of losses over multiple years.\nThese methods are continually reviewed and updated by management.\nAny adjustments are reflected in income.\nWe believe that the amount recorded for ceded loss reserves at December 31, 2015 reflects a reasonable estimate of the ultimate losses recoverable.\nActual losses may, however, differ, perhaps materially, from the reserves currently ceded.\nThe Reinsurance Credit Department (RCD) conducts periodic detailed assessments of the financial strength and condition of current and potential reinsurers, both foreign and domestic.\nThe RCD monitors both the financial condition of reinsurers as well as the total reinsurance recoverable ceded to reinsurers, and set limits with regard to the amount and type or exposure we are willing to take with reinsurers.\nAs part of these assessments, we attempt to identify whether a reinsurer is appropriately licensed, assess its financial capacity and liquidity; and evaluate the local economic and financial environment in which a foreign reinsurer operates.\nThe RCD reviews the nature of the risks ceded and the need for measures, including collateral to mitigate credit risk.\nFor example, in our treaty reinsurance contracts, we frequently include provisions that allow us to require a reinsurer to post collateral or use other measures to reduce exposure when a referenced event occurs.\nFurthermore, we limit our unsecured exposure to reinsurers through the use of credit triggers such as insurer financial strength rating downgrades, declines in regulatory capital, or specified declines in risk-based capital (RBC) ratios.\nWe also set maximum limits for reinsurance recoverable exposure, which in some cases is the recoverable amount plus an estimate of the maximum potential exposure from unexpected events for a reinsurer.\nIn addition, credit executives within ERM review reinsurer exposures and credit limits and approve reinsurer credit limits above specified levels.\nFinally, even where we conclude that uncollateralized credit risk is acceptable, we require collateral from active reinsurance counterparties where it is necessary for our subsidiaries to recognize the reinsurance recoverable assets for statutory accounting purposes.\nAt December 31, 2015, we held $7.4 billion of collateral, in the form of funds withheld, securities in reinsurance trust accounts and/or irrevocable letters of credit, in support of reinsurance recoverable assets from unaffiliated reinsurers.\nWe believe that no exposure to a single reinsurer represents an inappropriate concentration of risk to us, nor is our business substantially dependent upon any single reinsurance contract.\nThe following table presents information for each reinsurer representing in excess of five percent of our total reinsurance recoverable assets:"}
{"_id": "d8cfa9cd2", "title": "", "text": "| 2013 2012 2011 | Additions to plant and equipment | Acquisitions, less cash acquired | Investments in and advances to unconsolidated affiliates | Capital Expenditures on a GAAP Basis | Capital lease expenditures(A) | Noncurrent liability related to purchase of shares from noncontrolling interests(A) | Capital Expenditures on a Non-GAAP Basis |"}
{"_id": "d8c64e89a", "title": "", "text": "| Year ended December 31,(in millions) 2015 2014 2013 | Asset management fees | Investment management fees(a) | All other asset management fees(b) | Total asset management fees | Total administration fees(c) | Commissions and other fees | Brokerage commissions | All other commissions and fees | Total commissions and fees | Total asset management, administration and commissions | Year ended December 31, (in millions) | Operating lease income | Gain from sale of Visa B shares | Defined benefit pension plans | December 31, | (in millions) | Net gain/(loss) | Prior service credit/(cost) | Accumulated other comprehensive income/(loss), pretax, end of year | Pension plans | U.S. | Year ended December 31, (in millions) | Components of net periodic benefit cost | Benefits earned during the year | Interest cost on benefit obligations | Expected return on plan assets | Amortization: | Net (gain)/loss | Prior service cost/(credit) | Special termination benefits | Net periodic defined benefit cost | Other defined benefit pension plans(a) | Total defined benefit plans | Total defined contribution plans | Total pension and OPEB cost included in compensation expense | Changes in plan assets and benefit obligations recognized in other comprehensive income | Net (gain)/loss arising during the year | Prior service credit arising during the year | Amortization of net loss | Amortization of prior service (cost)/credit | Foreign exchange impact and other | Total recognized in other comprehensive income | Total recognized in net periodic benefit cost and other comprehensive income |"}
{"_id": "d88d22dbe", "title": "", "text": "| 2006 2005 2004 | Amortization | Royalties | Research and product development | Advertising | Selling, distribution and administration |"}
{"_id": "d8d2ea4aa", "title": "", "text": "ORSA 2014: On April 8, 2014, the Company acquired the remaining 25% of shares of Orsa International Paper Embalangens S. A.\n(Orsa IP) from its joint venture partner, Jari Celulose, Papel e Embalagens S. A.\n(Jari), a Grupo Orsa company, for approximately $127 million, of which $105 million was paid in cash with the remaining $22 million held back pending satisfaction of certain indemnification obligations by Jari.\nInternational Paper will release the amount held back, or any amount for which we have not notified Jari of a claim, by March 30, 2016.\nAn additional $11 million, which was not included in the purchase price, was placed in an escrow account pending resolution of certain open matters.\nDuring 2014, these open matters were successfully resolved, which resulted in $9 million paid out of escrow to Jari and correspondingly added to the final purchase consideration.\nThe remaining $2 million was released back to the Company.\nAs a result of this transaction, the Company reversed the $168 million of Redeemable noncontrolling interest included on the March 31, 2014 consolidated balance sheet.\nThe net difference between the Redeemable noncontrolling interest balance plus $14 million of currency translation adjustment reclassified out of Other comprehensive income less the 25% purchase price was reflected as an increase to Retained earnings on the consolidated balance sheet.2013: On January 14, 2013, International Paper and Jari formed Orsa IP with International Paper holding a 75% stake.\nThe value of International Paper's investment in Orsa IP was approximately $471 million.\nBecause International Paper acquired a majority control of the joint venture, Orsa IP's financial results have been consolidated with our Industrial Packaging segment from the date of formation on January 14, 2013.\nThe 25% owned by Jari was considered a redeemable noncontrolling interest and met the requirements to be classified outside permanent equity.\nAs such, the Company reported $163 million in Redeemable noncontrolling interest in the December 31, 2013 consolidated balance sheet."}
{"_id": "d81e74174", "title": "", "text": "| (In millions, except per share amounts) FirstQuarter SecondQuarter (f) (g)(f) ThirdQuarter FourthQuarter (f) TotalYear | 2014(e) | Product revenues, net | Unconsolidated joint business revenues | Other revenues | Total revenues | Gross profit -1 | Net income | Net income attributable to Biogen Inc. | Net income per share: | Basic earnings per share attributable to Biogen Inc. | Diluted earnings per share attributable to Biogen Inc. | Weighted-average shares used in calculating: | Basic earnings per share attributable to Biogen Inc. | Diluted earnings per share attributable to Biogen Inc. |"}
{"_id": "d82a3a51c", "title": "", "text": "| 2015 2014 | Balance at January 1 | Additions based on tax positions related to the current year | Additions for tax positions of prior years | Reductions for tax positions of prior years | Settlements | Business combinations | Lapse of statute of limitations | Foreign currency translation | Balance at December 31 |"}
{"_id": "d8b4da9ba", "title": "", "text": "| December 31, 2007 | Cost or Amortized Cost | Less than | 20% | (In millions, except number of securities) | Fixed Maturity Securities: | Less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Twelve months or greater | Total | Equity Securities: | Less than six months | Six months or greater but less than nine months | Nine months or greater but less than twelve months | Twelve months or greater | Total |"}
{"_id": "d8bdb71f0", "title": "", "text": "| Total Number ofShares (or Units)Purchased1 Average Price Paidper Share (or Unit)2 Total Number ofShares (or Units)Purchased as Part ofPublicly AnnouncedPlans or Programs3 Maximum Number (orApproximate Dollar Value)of Shares (or Units)that May Yet Be PurchasedUnder the Plans orPrograms3 | October 1 - 31 | November 1 - 30 | December 1 - 31 | Total |"}
{"_id": "d869a27f4", "title": "", "text": "| US Plan Assets | 2012 | Total | Asset Category: | Cash and Cash Equivalents | Equity Securities: | US(a) | International(b) | Debt Securities: | Corporate bonds(c) | Government and government-related debt securities(d) | Government agency collateralized mortgage obligations and mortgage backed securities(e) | Other collateralized mortgage obligations and mortgage-backed securities(f) | Alternative Investments: | Private equity(g) | Real estate(h) | Total |"}
{"_id": "d8c4fa82c", "title": "", "text": "| U.S. DefinedBenefit U.S. RetireeHealth Care MedicareSubsidy Non-U.S. DefinedBenefit | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 - 2024 |"}
{"_id": "d81b489c8", "title": "", "text": "Commitments and Contingencies Employment Agreements and Arrangements As of December 31, 2007, the Company had employment agreements with four executive offi cers.\nThe employment agreements provide for severance payments and generally provide for accelerated vesting of stock options and restricted stock in the event of a termination of employment (except for a termination by the Company with cause or a voluntary termination by the employee).\nThe current terms of these agreements end on dates that vary between November 2008 and June 2009.\nThe employment agreements provide for one-year automatic renewals (two years in the case of the Chief Executive Offi cer (CEO)) after the initial term unless an advance notice of non-renewal is provided by either party.\nUpon a notice of non-renewal by the Company, each of the offi cers may terminate his employment and receive a severance payment.\nUpon a change in control, the agreements provide for an automatic extension of up to three years from the date of the change in control.\nThe employment agreements provide for base salary and incentive compensation in the form of cash awards, stock options and stock grants subject to the discretion of, and attainment of performance goals established by the Compensation Committee of the Board of Directors.\nThe Companys stock incentive plan, as described in Note 10, Stock-Based Compensation Plans, provides that upon an employees Retirement (as defi ned in the plan documents) from the Company, all outstanding stock options and restricted shares of stock held by the employee will vest, and the employee will have up to 12 months to exercise any options held upon retirement.\nUnder the plan, Retirement means a termination of employment, other than for cause, after attainment of age 50, provided that (i) the employee has worked for the Company for at least 10 years, (ii) the employees age at Retirement plus years of employment with the Company equals at least 70, (iii) the employee provides at least six months written notice of his intent to retire, and (iv) the employee enters into a one year non-compete and employee non-solicitation agreement.\nThe Company also has an Offi cer Severance Program (the Program) for the benefi t of those offi cers of the Company who do not have employment agreements.\nUnder the Program, in the event an offi cer who is not otherwise covered by a severance arrangement is terminated (other than for cause) within two years following a change in control (as defi ned) of the Company, such offi cer will generally receive a cash lump sum payment equal to the sum of such offi cers base salary and cash bonus, as well as accelerated vesting of stock options and restricted stock.\nCosts related to the Companys employment agreements and the Program are accounted for in accordance with SFAS No.5, Accounting for Contingencies, and therefore are recognized when considered by management to be probable and estimable."}
{"_id": "d8737bd48", "title": "", "text": "| (in millions) December 31, 2016 December 31, 2015 | Investments, GAAP | Investments held by consolidated VIEs, GAAP | Total Investments | Investments held by consolidated VREs | Investments held by consolidated VIEs | Net interest in consolidated VREs | Net interest in consolidated VIEs-1 | Total Investments, as adjusted | Federal Reserve Bank stock | Deferred compensation investments | Hedged investments | Carried interest (VIEs/VREs) | Total “economic” investment exposure |"}
{"_id": "d8aab4256", "title": "", "text": "Our target allocation of 42 percent equity investments is composed of 60 percent global equities, 16 percent emerging market equities and 24 percent domestic small- and mid-cap equities.\nOptimal returns through our investments in global equities are achieved through security selection as well as country and sector diversification.\nInvestments in the common stock of our Company accounted for approximately 5 percent of our global equities allocation and approximately 2 percent of total U. S.  plan assets.\nOur investments in global equities are intended to provide diversified exposure to both U. S.  and non-U.\nS.  equity markets.\nOur investments in both emerging market equities and domestic small- and mid-cap equities are expected to experience larger swings in their market value on a periodic basis.\nOur investments in these asset classes are selected based on capital appreciation potential.\nOur target allocation of 30 percent fixed-income investments is composed of 33 percent long-duration bonds and 67 percent with multi-strategy alternative credit managers.\nLong-duration bonds provide a stable rate of return through investments in high-quality publicly traded debt securities.\nOur investments in long-duration bonds are diversified in order to mitigate duration and credit exposure.\nMulti-strategy alternative credit managers invest in a combination of high-yield bonds, bank loans, structured credit and emerging market debt.\nThese investments are in lower-rated and non-rated debt securities, which generally produce higher returns compared to long-duration bonds and also help to diversify our overall fixed-income portfolio.\nIn addition to equity investments and fixed-income investments, we have a target allocation of 28 percent in alternative investments.\nThese alternative investments include hedge funds, reinsurance, private equity limited partnerships, leveraged buyout funds, international venture capital partnerships and real estate.\nThe objective of investing in alternative investments is to provide a higher rate of return than that available from publicly traded equity securities.\nThese investments are inherently illiquid and require a longterm perspective in evaluating investment performance.\nInvestment Strategy for Non-U.\nS.  Pension Plans As of December 31, 2014, the long-term target allocation for 59 percent of our international subsidiaries plan assets, primarily certain of our European and Canadian plans, is 66 percent equity securities; 23 percent fixed-income securities; and 11 percent other investments.\nThe actual allocation for the remaining 41 percent of the Companys international subsidiaries plan assets consisted of 34 percent mutual, pooled and commingled funds; 10 percent equity securities; 13 percent fixed-income securities; and 43 percent other investments.\nThe investment strategies of our international subsidiaries differ greatly, and in some instances are influenced by local law.\nNone of our pension plans outside the United States is individually significant for separate disclosure."}
{"_id": "d8bd86b7c", "title": "", "text": "| Increase/(Decrease)in Fair Market Value | As of December 31, | 2014 | 2013 |"}
{"_id": "d868c17b8", "title": "", "text": "| Future Policy Benefits Policyholder Account Balances Other Policy-Related Balances | December 31, | 2011 | (In millions) | U.S. Business: | Insurance Products | Retirement Products | Corporate Benefit Funding | Auto & Home | Total U.S. Business | International: | Japan | Other International Regions | Total International | Corporate & Other | Total |"}
{"_id": "d899d98aa", "title": "", "text": "Recourse and Repurchase Obligations As discussed in Note 2 Loan Sale and Servicing Activities and Variable Interest Entities, PNC has sold commercial mortgage, residential mortgage and home equity loans/ lines of credit directly or indirectly through securitization and loan sale transactions in which we have continuing involvement.\nOne form of continuing involvement includes certain recourse and loan repurchase obligations associated with the transferred assets.\nCommercial Mortgage Loan Recourse Obligations We originate and service certain multi-family commercial mortgage loans which are sold to FNMA under FNMAs Delegated Underwriting and Servicing (DUS) program.\nWe participated in a similar program with the FHLMC.\nUnder these programs, we generally assume up to a one-third pari passu risk of loss on unpaid principal balances through a loss share arrangement.\nAt December 31, 2014 and December 31, 2013, the unpaid principal balance outstanding of loans sold as a participant in these programs was $12.3 billion and $11.7 billion, respectively.\nThe potential maximum exposure under the loss share arrangements was $3.7 billion at December 31, 2014 and $3.6 billion at December 31, 2013.\nWe maintain a reserve for estimated losses based upon our exposure.\nThe reserve for losses under these programs totaled $35 million and $33 million as of December 31, 2014 and December 31, 2013, respectively, and is included in Other liabilities on our Consolidated Balance Sheet.\nIf payment is required under these programs, we would not have a contractual interest in the collateral underlying the mortgage loans on which losses occurred, although the value of the collateral is taken into account in determining our share of such losses.\nOur exposure and activity associated with these recourse obligations are reported in the Corporate & Institutional Banking segment."}
{"_id": "d882a70a6", "title": "", "text": "The table below presents our approximate number of active full-time equivalent employees as of December 31, 2016."}
{"_id": "d8df83bbc", "title": "", "text": "| Beginning balance as of December 1, 2007 $201,808 | Gross increases in unrecognized tax benefits – prior year tax positions | Gross increases in unrecognized tax benefits – current year tax positions | Settlements with taxing authorities | Lapse of statute of limitations | Foreign exchange gains and losses | Ending balance as of November 28, 2008 |"}
{"_id": "d884a1460", "title": "", "text": "(1) At December 31, 2015, 2014 and 2013, the cumulative CVA reduced the derivative assets balance by $1.4 billion, $1.6 billion and $1.6 billion, respectively.\n(2) FVA was adopted in 2014 and the cumulative FVA reduced the net derivatives balance by $481 million and $497 million at December 31, 2015 and 2014.\n(3) At December 31, 2015, 2014 and 2013, the cumulative DVA reduced the derivative liabilities balance by $750 million, $769 million and $803 million, respectively.\nn/a = not applicable\nPension Plans with ABO and PBO in excess of plan assets as of December 31, 2015 and 2014 are presented in the table below.\nFor the non-qualified plans not subject to ERISA or non-U.\nS.  pension plans, funding strategies vary due to legal requirements and local practices.\nPlans with PBO and ABO in Excess of Plan Assets"}
{"_id": "d86030cd4", "title": "", "text": "| Years Ended December 31, 2014/2013 2013/2012 | (Dollars in millions) | Gross written premiums | Net written premiums | Premiums earned | Incurred losses and LAE | Commission and brokerage | Other underwriting expenses | Underwriting gain (loss) | Point Chg | Loss ratio | Commission and brokerage ratio | Other underwriting expense ratio | Combined ratio | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d87fae1e2", "title": "", "text": "The asset category represents the allocation of Plan assets in accordance with the investment objective of each of the Plans investment managers.\nCertain domestic equity investment managers utilize derivatives and fixed income securities as described in their Investment Management Agreements to achieve their investment objective under the Investment Policy Statement.\nOther investment managers may invest in eligible securities outside of their assigned asset category to meet their investment objectives.\nThe actual percentage of the fair value of total plan assets held as of December 31, 2011 for equity securities, fixed income securities, real estate and all other assets are 61%, 31%, 3%, and 5%, respectively.\nWe believe that, over the long term, asset allocation is the single greatest determinant of risk.\nAsset allocation will deviate from the target percentages due to market movement, cash flows, investment manager performance and implementation of shifts under the dynamic allocation policy.\nMaterial deviations from the asset allocation targets can alter the expected return and risk of the Trust.\nOn the other hand, frequent rebalancing to the asset allocation targets may result in significant transaction costs, which can impair the Trusts ability to meet its investment objective.\nAccordingly, the Trust portfolio is periodically rebalanced to maintain asset allocation within the target ranges described above.\nFrom October 14, 2008 through December 31, 2009, PNC Bank, National Association (PNC Bank, N. A. )\nparticipated in the TLGP-Transaction Account Guarantee Program.\nUnder this program, all non-interest bearing transaction accounts were fully guaranteed by the FDIC for the entire amount in the account.\nBeginning January 1, 2010, PNC Bank, N. A.  ceased participating in the FDICs TLGP-Transaction Account Guarantee Program.\nDodd-Frank, however, extended for two years, beginning December 31, 2010, unlimited deposit insurance coverage for non-interest bearing transaction accounts held at all banks.\nTherefore, eligible accounts at PNC Bank, N. A.  are again eligible for unlimited deposit insurance, through December 31, 2012.\nCoverage under this extension is in addition to, and separate from, the coverage available under the FDICs general deposit insurance rules.\nHome Affordable Modification Program (HAMP) As part of its effort to stabilize the US housing market, in March 2009 the Obama Administration published detailed guidelines implementing HAMP, and authorized servicers to begin loan modifications.\nPNC began participating in HAMP through its then subsidiary National City Bank in May 2009 and directly through PNC Bank, N. A.  in July 2009, and entered into an agreement on October 1, 2010 to participate in the Second Lien Program.\nHAMP was scheduled to terminate as of December 31, 2012; however, the Administration has announced that the HAMP program deadline will be extended to December 31, 2013.\nHome Affordable Refinance Program (HARP) Another part of its efforts to stabilize the US housing market is the Obama Administrations Home Affordable Refinance Program (HARP), which provided a means for certain borrowers to refinance their mortgage loans.\nPNC began participating in HARP in May 2009.\nIn 2011, the Obama Administration revised the program to increase borrower eligibility and extended it for another twelve months with a new termination date of December 31, 2013.\nKEY FACTORS AFFECTING FINANCIAL PERFORMANCE Our financial performance is substantially affected by a number of external factors outside of our control, including the following: ?\nGeneral economic conditions, including the continuity, speed and stamina of the moderate economic recovery in general and on our customers in particular, ?\nThe level of, and direction, timing and magnitude of movement in, interest rates and the shape of the interest rate yield curve, ?\nThe functioning and other performance of, and availability of liquidity in, the capital and other financial markets, ?\nLoan demand, utilization of credit commitments and standby letters of credit, and asset quality, ?\nCustomer demand for non-loan products and services, ?\nChanges in the competitive and regulatory landscape and in counterparty creditworthiness and performance as the financial services industry restructures in the current environment, ?\nThe impact of the extensive reforms enacted in the Dodd-Frank legislation and other legislative, regulatory and administrative initiatives, including those outlined elsewhere in this Report, and ?\nThe impact of market credit spreads on asset valuations.\nIn addition, our success will depend, among other things, upon: ?\nFurther success in the acquisition, growth and retention of customers, ?\nContinued development of the geographic markets related to our recent acquisitions, including full deployment of our product offerings, ?\nClosing the pending RBC Bank (USA) acquisition and integrating its business into PNC after closing, ?\nRevenue growth and our ability to provide innovative and valued products to our customers, ?\nOur ability to utilize technology to develop and deliver products and services to our customers, ?\nOur ability to manage and implement strategic business objectives within the changing regulatory environment, ?\nA sustained focus on expense management, ?\nManaging the non-strategic assets portfolio and impaired assets, ?\nImproving our overall asset quality and continuing to meet evolving regulatory capital standards, ?\nContinuing to maintain and grow our deposit base as a low-cost funding source, ?\nPrudent risk and capital management related to our efforts to maintain our desired moderate risk profile, ?\nActions we take within the capital and other financial markets, and ?\nThe impact of legal and regulatory contingencies.\nFor additional information, please see Risk Factors in Item 1A of this Report and the Cautionary Statement Regarding Forward-Looking Information section in this Item 7."}
{"_id": "d8619488c", "title": "", "text": "Treasury’s net income increased $34.6 million in 2015 compared to 2014.\nThe $53.7 million improvement in net interest income primarily reflects lower net FTP funding costs and an increase in securities income, partially offset by an increase in interest expense.\nThe decrease in non-interest income primarily reflects a decrease in net security gains and BOLI income.\nThe increase in non-interest expense reflects increases in both direct and allocated expenses.\nAverage total assets increased $1.1 billion in 2015 compared to 2014, primarily reflecting increases in average securities and average short-term investments.\nThe $1.8 billion increase in average total liabilities in 2015 compared to 2014 reflects increases in average deposits and average notes and debentures, partially offset by a decrease in average borrowings."}
{"_id": "d8a7e48a0", "title": "", "text": "| As of   December 31, | 2008 | (In $ millions) | Total assets | Total liabilities | Ownership Percentage   as of December 31, | Segment | (In percentages) | National Methanol Company (“Ibn Sina”) | Kunming Cellulose Fibers Co. Ltd. | Nantong Cellulose Fibers Co. Ltd. | Zhuhai Cellulose Fibers Co. Ltd. | InfraServ GmbH & Co. Wiesbaden KG | Other | Total |"}
{"_id": "d8dc3a032", "title": "", "text": "1 For all periods presented we have not recorded a goodwill impairment charge.2 For acquisitions completed after January 1, 2009, amount includes contingent and deferred payments, which are recorded at fair value on the acquisition date.\nSee Note 6 for further information.\nSee Note 1 for further information regarding our annual impairment methodology.\nOther Intangible Assets Included in other intangible assets are assets with indefinite lives not subject to amortization and assets with definite lives subject to amortization.\nOther intangible assets primarily include customer lists and trade names.\nIntangible assets with definitive lives subject to amortization are amortized on a straight-line basis with estimated useful lives generally between 7 and 15 years.\nAmortization expense for other intangible assets for the years ended December 31, 2009, 2008 and 2007 was $19.3, $14.4 and $8.5, respectively.\nThe following table provides a summary of other intangible assets, which are included in other assets on our Consolidated Balance Sheets.\nNotes to Consolidated Financial Statements  (Continued) (Amounts in Millions, Except Per Share Amounts) Assumptions"}
{"_id": "d8c397d86", "title": "", "text": "For the twelve months ended December 31, 2017, 2016 and 2015, 0.3 million, 0.1 million and 0.1 million stock options, respectively, were anti-dilutive and therefore excluded from this calculation.\nAccelerated Share Repurchase Program.\nOn October 24, 2014, we entered into an accelerated share repurchase (ASR) program to repurchase shares of our common stock under our approved share repurchase program.\nUnder the ASR program, the number of shares to be repurchased is based generally on the daily volume weighted average price of our common stock during the term of the ASR program.\nOn October 24, 2014, we paid $115 million in exchange for an initial delivery of 1.4\nexpenses decreased to $23 million from $115 million in 2006 and $146 million in 2005, reflecting the reduced level of operations.\nOperating profits for the Real Estate division, which principally sells higher-and-better-use properties, were $32 million, $124 million and $198 million in 2007, 2006 and 2005, respectively.\nLooking forward to 2008, operating profits are expected to decline significantly, reflecting the reduced level of forestland holdings.\nOperating earnings will primarily reflect the periodic sales of remaining acreage, and can be expected to vary from quarter to quarter depending on the timing of sale transactions.\nSpecialty Businesses and Other The Specialty Businesses and Other segment principally includes the operating results of the Arizona Chemical business as well as certain smaller businesses.\nThe Arizona Chemical business was sold in February 2007."}
{"_id": "d8e4cc006", "title": "", "text": "| Minimum capital ratios Well-capitalized ratios | BHC(a) | Capital ratios | CET1 | Tier 1 | Total | Tier 1 leverage |"}
{"_id": "d89fd95fc", "title": "", "text": "| Defined benefit pension plans | As of or for the year ended December 31, | (in millions) | Change in benefit obligation | Benefit obligation, beginning of year | Benefits earned during the year | Interest cost on benefit obligations | Plan amendments | Special termination benefits | Curtailments | Employee contributions | Net gain/(loss) | Benefits paid | Expected Medicare Part D subsidy receipts | Foreign exchange impact and other | Benefit obligation, end of year | Change in plan assets | Fair value of plan assets, beginning of year | Actual return on plan assets | Firm contributions | Employee contributions | Benefits paid | Foreign exchange impact and other | Fair value of plan assets, end of year | Net funded status(a) | Accumulated benefit obligation, end of year |"}
{"_id": "d81128434", "title": "", "text": "| 2016 2015 2014 | Weighted-average assumptions: | Expected volatility | Expected term of stock options | Risk-free interest rate | Expected dividend yield | Weighted-average grant date fair value |"}
{"_id": "d8d1fd402", "title": "", "text": "| 2006 2005 | Cash and cash equivalents | Long-term debt (including current portion of long-term debt) | Foreign currency forward contracts in a net (loss) gain position | Interest rate swap agreements in a net receivable position | Fuel swap agreements in a net payable position |"}
{"_id": "d8b1f1456", "title": "", "text": "| 2018 2017 2016 | Risk-free rate | Expected volatility | Expected life (in years) | Expected dividend yield |"}
{"_id": "d8a3b47a8", "title": "", "text": "| December 31, 2014 | Less than 12 Months | (dollars in millions) | State and political subdivisions | Mortgage-backed securities: | Federal agencies and U.S. government sponsored entities | Other/non-agency | Total mortgage-backed securities | Total | December 31, 2013 | Less than 12 Months | (dollars in millions) | State and political subdivisions | Mortgage-backed securities: | Federal agencies and U.S. government sponsored entities | Other/non-agency | Total mortgage-backed securities | Total | In Millions | Fiscal 2018 | Fiscal 2019 | Fiscal 2020 | Fiscal 2021 | Fiscal 2022 | After fiscal 2022 | Total noncancelable future lease commitments | Less: interest | Present value of obligations under capital leases |"}
{"_id": "d8a223308", "title": "", "text": "| Change in long-term rateof return on plan assets | Increase (decrease) in expense | U.S. plans | U.K. plans | The Netherlands plan | Canada plans | December 31, 2012 | Goodwill | Bottlers' franchise rights with indefinite lives | Trademarks with indefinite lives | Definite-lived intangible assets, net | Other intangible assets not subject to amortization | Total |"}
{"_id": "d813ebc5c", "title": "", "text": "| Preferred Shares | December 31Shares in thousands | Authorized | $1 par value | Issued and outstanding | Series A | Series B | Series C | Series D | Series K | Series L | Series N | Total issued and outstanding |"}
{"_id": "d825900ac", "title": "", "text": "existing short-term and long-term commitments and plans, and also to provide adequate financial flexibility to take advantage of potential strategic business opportunities should they arise within the next year.\nHowever, there can be no assurance of the cost or availability of future borrowings, if any, under our commercial paper program, in the debt markets or our credit facilities.\nAt December 31, 2016 and 2015, our pension plans were $20.1 billion and $17.9 billion underfunded as measured under GAAP.\nOn an Employee Retirement Income Security Act (ERISA) basis our plans are more than 100% funded at December 31, 2016 with minimal required contributions in 2017.\nWe expect to make contributions to our plans of approximately $0.5 billion in 2017.\nWe may be required to make higher contributions to our pension plans in future years.\nAt December 31, 2016, we were in compliance with the covenants for our debt and credit facilities.\nThe most restrictive covenants include a limitation on mortgage debt and sale and leaseback transactions as a percentage of consolidated net tangible assets (as defined in the credit agreements), and a limitation on consolidated debt as a percentage of total capital (as defined).\nWhen considering debt covenants, we continue to have substantial borrowing capacity."}
{"_id": "d87d352da", "title": "", "text": "| Payments Due by Period | Total | (in thousands) | Long-term debt obligations: | Net term notes to bank due September 7, 2025 | Interest on net term notes to bank due September 7, 2025 | Operating lease obligations: | Facilities space | Total |"}
{"_id": "d8aaa2b82", "title": "", "text": "| 2008 2007 2006 2005 2004 | Senior housing: | Average occupancy percentage-1 | Average effective annual rental per unit-1 | Units-2 | Life science: | Average occupancy percentage | Average effective annual rental per square foot | Square feet-2 | Medical office: | Average occupancy percentage | Average effective annual rental per square foot | Square feet-2 | Hospital: | Average occupancy percentage-1 | Average effective annual rental per bed-1 | Beds-2 | Skilled nursing: | Average occupancy percentage-1 | Average effective annual rental per bed-1 | Beds-2 |"}
{"_id": "d8140c1d2", "title": "", "text": "| Con Edison CECONY | (Millions of Dollars) | CHANGE IN PROJECTED BENEFIT OBLIGATION | Projected benefit obligation at beginning of year | Service cost – excluding administrative expenses | Interest cost on projected benefit obligation | Net actuarial (gain)/loss | Plan amendments | Benefits paid | PROJECTED BENEFIT OBLIGATION AT END OF YEAR | CHANGE IN PLAN ASSETS | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contributions | Benefits paid | Administrative expenses | FAIR VALUE OF PLAN ASSETS AT END OF YEAR | FUNDED STATUS | Unrecognized net loss | Unrecognized prior service costs | Accumulated benefit obligation |"}
{"_id": "d88822814", "title": "", "text": "| Fiscal Years Ended | September 29, 2012 | Revenues: | Product sales | Service and other revenues | 100.0 | Costs and expenses: | Cost of product sales | Cost of product sales—amortization of intangible assets | Cost of product sales—impairment of intangible assets | Cost of service and other revenues | Research and development | Selling and marketing | General and administrative | Amortization of intangible assets | Contingent consideration—compensation expense | Contingent consideration—fair value adjustments | Impairment of goodwill | Impairment of intangible assets | Gain on sale of intellectual property, net | Litigation-related settlement charges, net | Acquired in-process research and development | Restructuring and divestiture charges, net | 94.3 | Income from operations | Interest income | Interest expense | Debt extinguishment loss | Other income (expense), net | (Loss) income before income taxes | Provision for income taxes | Net (loss) income | Years Ended | September 29, 2012 | Amount | Product Sales | Breast Health | Diagnostics | GYN Surgical | Skeletal Health | $1,657,728 | Years Ended | September 29, 2012 | Amount | Total Revenues | Operating Income | Operating Income as a % of Segment Revenue |"}
{"_id": "d82bd9e4a", "title": "", "text": "| 2018 2017 2016 | Weighted average common shares outstanding for basic computations | Weighted average dilutive effect of equity awards | Weighted average common shares outstanding for diluted computations |"}
{"_id": "d87a5ce6e", "title": "", "text": "matters.\nThis income adjustment mostly reduced NOLs and other tax credit carryforwards.\nAdditionally, the Company is seeking resolution of one issue raised during this examination through the IRS administrative appeals process.\nThe Company’s reserves for uncertain tax positions were adequate to cover all adjustments related to this examination period.\nThe IRS began its examination of the 2007-2009 tax years for the Company in 2010.\nThe Company’s contractual obligations as of December 31, 2011 are as follows:"}
{"_id": "d8ae9855c", "title": "", "text": "Commercial loans held for sale During 2013 and 2012, the Bancorp transferred $5 million and $16 million, respectively, of commercial loans from the portfolio to loans held for sale that upon transfer were measured at fair value using significant unobservable inputs.\nThese loans had fair value adjustments in 2013 and 2012 totaling $4 million and $1 million, respectively, and were generally based on appraisals of the underlying collateral and were therefore, classified within Level 3 of the valuation hierarchy.\nAdditionally, during 2013 and 2012 there were fair value adjustments on existing commercial loans held for sale of $3 million and $12 million, respectively.\nThe fair value adjustments were also based on appraisals of the underlying collateral and were therefore classified within Level 3 of the valuation hierarchy.\nAn adverse change in the fair value of the underlying collateral would result in a decrease in the fair value measurement.\nThe Accounting Department determines the procedures for valuation of commercial HFS loans which may include a comparison to recently executed transactions of similar type loans.\nA monthly review of the portfolio is performed for reasonableness.\nQuarterly, appraisals approaching a year old are updated and the Real Estate Valuation group, which reports to the Chief Risk and Credit Officer, in conjunction with the Commercial Line of Business review the third party appraisals for reasonableness.\nAdditionally, the Commercial Line of Business Finance Department, which reports to the Bancorp Chief Financial Officer, in conjunction with Accounting review all loan appraisal values, carrying values and vintages."}
{"_id": "d8d5fed8a", "title": "", "text": "| Reported amount Currency translation benefit/(cost) | In millions, except per share data | Revenues | Company-operated margins | Franchised margins | Selling, general & administrative expenses | Operating income | Income from continuing operations | Net income | Income from continuing operations per common share—diluted | Net income per common share—diluted |"}
{"_id": "d888ccb52", "title": "", "text": "| Qualified Pension Nonqualified Pension Postretirement Benefits | December 31 (Measurement Date) – in millions | Accumulated benefit obligation at end of year | Projected benefit obligation at beginning of year | Service cost | Interest cost | Actuarial (gains)/losses and changes in assumptions | Participant contributions | Federal Medicare subsidy on benefits paid | Benefits paid | Settlement payments | Projected benefit obligation at end of year | Fair value of plan assets at beginning of year | Actual return on plan assets | Employer contribution | Participant contributions | Federal Medicare subsidy on benefits paid | Benefits paid | Settlement payments | Fair value of plan assets at end of year | Funded status | Amounts recognized on the consolidated balance sheet | Noncurrent asset | Current liability | Noncurrent liability | Net amount recognized on the consolidated balance sheet | Amounts recognized in accumulated other comprehensive income consist of: | Prior service cost (credit) | Net actuarial loss | Amount recognized in AOCI |"}
{"_id": "d89498cec", "title": "", "text": "| As of April 30, 2011 2010 | Gross  Carrying  Amount | Tax Services: | Customer relationships | Noncompete agreements | Reacquired franchise rights | Franchise agreements | Purchased technology | Trade name | Business Services: | Customer relationships | Noncompete agreements | Attest firm affiliation | Trade name – amortizing | Trade name –non-amortizing | Total intangible assets |"}
{"_id": "d89e994bc", "title": "", "text": "(1) Amount represents the revenue not reported during the period as a result of the acquisition accounting adjustment associated with the accounting for deferred revenue in business combinations.\n(2) Amount represents $58.1 million of amortization expense associated with intangible assets acquired in business combinations, $34.0 million of stock-based compensation expense, the $1.7 million adjustment to revenue as reflected in (1) above and $0.8 million of transaction expenses related to business combinations.\n(3) Amount represents the impact of the adjustments to operating income referred to in (2) above, adjusted for the related income tax impact of $33.8 million.\n(4) Amount represents the revenue not reported during the period as a result of the acquisition accounting adjustment associated with the accounting for deferred revenue in business combinations.\n(5) Amount represents $61.0 million of amortization expense associated with intangible assets acquired in business combinations, $36.9 million of stock-based compensation expense, the $5.4 million adjustment to revenue as reflected in (4) above and $1.1 million of transaction expenses related to business combinations.\n(6) Amount represents the impact of the adjustments to operating income referred to in (5) above, adjusted for the related income tax impact of $35.7 million.\nNon-GAAP Measures Management uses non-GAAP financial measures (a) to evaluate the Company's historical and prospective financial performance as well as its performance relative to its competitors, (b) to set internal sales targets and spending budgets, (c) to allocate resources, (d) to measure operational profitability and the accuracy of forecasting, (e) to assess financial discipline over operational expenditures and (f) as an important factor in determining variable compensation for management and its employees.\nIn addition, many financial analysts that follow the Company focus on and publish both historical results and future projections based on non-GAAP financial measures.\nThe Company believes that it is in the best interest of its investors to provide this information to analysts so that they accurately report the non-GAAP financial information.\nMoreover, investors have historically requested and the Company has historically reported these non-GAAP financial measures as a means of providing consistent and comparable information with past reports of financial results.\nWhile management believes that these non-GAAP financial measures provide useful supplemental information to investors, there are limitations associated with the use of these non-GAAP financial measures.\nThese non-GAAP financial measures are not prepared in accordance with GAAP, are not reported by all of the Company's competitors and may not be directly comparable to similarly titled measures of the Company's competitors due to potential differences in the exact method of calculation.\nThe Company compensates for these limitations by using these non-GAAP financial measures as supplements to GAAP financial measures and by reviewing the reconciliations of the non-GAAP financial measures to their most comparable GAAP financial measures."}
{"_id": "d8b6cc408", "title": "", "text": "Research and Development We are committed to investing in highly productive research and development capabilities, particularly in electro-mechanical systems.\nOur research and development (\"R&D\") expenditures were approximately $48.3 million, $47.3 million and $45.2 million for the years ended December 31, 2017, 2016 and 2015, respectively.\nWe concentrate on developing technology innovations that will deliver growth through the introduction of new products and solutions, and also on driving continuous improvements in product cost, quality, safety and sustainability.\nWe manage our R&D team as a global group with an emphasis on a global collaborative approach to identify and develop new technologies and worldwide product platforms.\nWe are organized on a regional basis to leverage expertise in local standards and configurations.\nIn addition to regional engineering centers in each geographic region, we also operate a global engineering center of excellence in Bangalore, India.\nSeasonality Our business experiences seasonality that varies by product line.\nBecause more construction and do-it-yourself projects occur during the second and third calendar quarters of each year in the Northern Hemisphere, our security product sales, typically, are higher in those quarters than in the first and fourth calendar quarters.\nHowever, our Interflex business typically experiences higher sales in the fourth calendar quarter due to project timing.\nRevenue by quarter for the years ended December 31, 2017, 2016 and 2015 are as follows:"}
{"_id": "d8a28fd8c", "title": "", "text": "Hedging The following table presents the notional amount and estimated fair value of derivatives designated as hedging instruments by type of hedge designation at:"}
{"_id": "d87ea4882", "title": "", "text": "and government guaranteed fixed maturity securities and, to a lesser extent, certain other invested asset classes including real estate joint ventures and other invested assets to provide additional diversification and opportunity for long-term yield enhancement.\nOther expenses were essentially flat despite an increase of $137 million from the impact of market conditions on certain expenses, primarily pension and postretirement benefit costs.\nThis increase was partially offset by a decrease of $85 million, predominantly from declines in information technology, travel, and professional services, including the positive impact of our Operational Excellence initiative.\nA further reduction of expenses was achieved through a decrease in variable expenses, such as commissions and premium taxes of $46 million, a portion of which is offset by DAC capitalization.\nThe aforementioned declines in operating earnings were partially offset by the favorable impact of a $63 million decrease in policyholder dividends in the traditional life business, the result of a dividend scale reduction in the fourth quarter of 2009.\nIn addition, favorable mortality in the individual life business was partially offset by higher benefit utilization in the dental business during 2009, reflecting the negative employment trends in the marketplace.\nThe net impact of these two items benefited operating earnings by $36 million.\nThe 2009 results were also favorably impacted by our review of assumptions used to determine estimated gross profits and margins, which in turn are factors in determining the amortization for DAC and unearned revenue.\nThis review resulted in an unlocking event related to unearned revenue and, coupled with the impact from the prior years review, generated an increase in operating earnings of $82 million.\nThis increase was recorded in universal life and investment-type product policy fees.\nPartially offsetting these increases was the impact of lower separate account balances, which resulted in lower fee income of $25 million.\nDAC amortization reflects lower current year amortization of $108 million, stemming from the impact of the improvement in the financial markets in 2009, which increased our expected future gross profits, as well as lower current year gross margins in the closed block.\nThis decrease was partially offset by the net impact of refinements in both the prior and current years of $98 million, the majority of which was recorded in the prior year as a result of the 2008 review of certain DAC related assumptions."}
{"_id": "d87f3c344", "title": "", "text": "| Year ended December 31, 2015 Year ended December 31, 2014 Increase Percentage Increase | Large Market Same Store | Secondary Market Same Store | Same Store Portfolio | Non-Same Store and Other | Total |"}
{"_id": "d8ab11082", "title": "", "text": "Net realized gains on commercial mortgage and other loans in 2010 were $35 million and primarily related to a net decrease in the loan loss reserves of $103 million and mark-to-market net gains on our interim loan portfolio of $17 million.\nThese net gains were partially offset by net realized losses on loan modifications, payoffs, and foreclosures within our commercial mortgage operations.\nNet losses on commercial mortgage and other loans in 2009 were $517 million primarily related to the net increase in the loan loss reserve of $317 million and mark-to-market losses on mortgage loans within our commercial mortgage operations.\nFor additional information regarding our commercial mortgage and other loan loss reserves see General Account InvestmentsCommercial Mortgage and Other Loans Commercial Mortgage and Other Loan Quality.\n Net realized gains on derivatives were $601 million in 2010, compared to net realized gains of $171 million in 2009.\nThe net derivative gains in 2010 primarily reflect net gains of $521 million on interest rate derivatives used to manage duration as interest rates declined and net gains of $325 million primarily related to embedded derivatives and related hedge positions associated with certain variable annuity contracts.\nSee Results of Operations for Financial Services Businesses by SegmentU.\nS.  Retirement Solutions and Investment Management DivisionIndividual Annuities for additional information.\nAlso contributing to these gains are net derivative gains of $99 million on currency derivatives used to hedge foreign denominated investments and net gains of $43 million on embedded derivatives associated with certain externally-managed investments in the European market.\nPartially offsetting these gains were net derivative losses of $319 million on foreign currency forward contracts used to hedge the future income of non-U.\nS.  businesses primarily in Japan and net losses of $75 million on credit derivatives as credit spreads tightened.\nThe net derivative gains in 2009 primarily reflect net gains of $376 million on embedded derivatives and related hedge positions associated with certain variable annuity contracts.\nAlso contributing to the net derivative gains in 2009 were net gains of $196 million on embedded derivatives associated with certain externallymanaged investments in the European market and net gains of $87 million on mark-to-market adjustments from credit derivatives.\nPartially offsetting these gains were net mark-to-market losses of $376 million on interest rate derivatives used to manage duration and net losses of $121 million on currency derivatives used to hedge foreign denominated investments."}
{"_id": "d8111443e", "title": "", "text": "Uranium Mining Sites.\nDuring a period between 1940 and the early 1970s, certain FMC predecessor entities were involved in uranium exploration and mining in the western U. S.  Similar exploration and mining activities by other companies have caused environmental impacts that have warranted remediation, and EPA and local authorities are currently evaluating the need for significant cleanup activities in the region.\nTo date, FMC has undertaken remediation at a limited number of sites associated with these predecessor entities.\nAn initiative to gather additional information about sites in the region is ongoing, and information gathered under this initiative was submitted to EPA Region 9 during the second and third quarters of 2008 and the fourth quarter of 2009 in response to an information request by EPA regarding uranium mining activities on Navajo Nation properties.\nFCX utilized the results of FMCs remediation experience, in combination with historical and updated information to initially estimate the fair value of uranium-related liabilities assumed in the FMC acquisition.\nAsset Retirement Obligations (AROs).\nFCXs ARO cost estimates are reflected on a third-party cost basis and comply with FCXs legal obligation to retire tangible, long-lived assets.\nA summary of changes in FCXs AROs for the years ended December 31 follows:"}
{"_id": "d8bd973aa", "title": "", "text": "Base rates increased net revenue due to base rate increases at Entergy Mississippi and Entergy New Orleans that became effective in January 2003 and June 2003, respectively.\nEntergy Gulf States implemented base rate decreases in its Louisiana jurisdiction effective June 2002 and January 2003.\nThe January 2003 base rate decrease of $22.1 million had a minimal impact on net income due to a corresponding reduction in nuclear depreciation and decommissioning expenses associated with the change in accounting estimate to reflect an assumed extension of River Bend's useful life.\nThe deferred fuel cost revisions variance was due to a revised unbilled sales pricing estimate made in December 2002 and further revision of that estimate in the first quarter of 2003 to more closely align the fuel component of that pricing with expected recoverable fuel costs at Entergy Louisiana.\nThe asset retirement obligation variance was due to the implementation of SFAS 143, \nAccounting for Asset Retirement Obligations,\nadopted in January 2003.\nSee \nCritical Accounting Estimates  Nuclear Decommissioning Costs\nfor more details on SFAS 143.\nThe increase was offset by increased depreciation and decommissioning expenses and had an insignificant effect on net income.\nThe increase in net wholesale revenue was primarily due to an increase in sales volume to municipal and cooperative customers.\nThe March 2002 settlement agreement variance reflects the absence in 2003 of the effect of recording the ice storm settlement approved by the APSC in 2002.\nThis settlement resulted in previously deferred revenues at Entergy Arkansas per the transition cost account mechanism being recorded in net revenue in the second quarter of 2002.\nThe decrease was offset by a corresponding decrease in other operation and maintenance expenses and had a minimal effect on net income.\nGross operating revenues and regulatory credits Gross operating revenues include an increase in fuel cost recovery revenues of $682 million and $53 million in electric and gas sales, respectively, primarily due to higher fuel rates in 2003 resulting from increases in the market prices of purchased power and natural gas.\nAs such, this revenue increase was offset by increased fuel and purchased power expenses.\nEntergy Louisiana, Inc.  Management's Financial Discussion and Analysis 201 Gross operating revenues, fuel and purchased power expenses, and other regulatory credits Gross operating revenues increased primarily due to: ?\nan increase of $98.0 million in fuel cost recovery revenues due to higher fuel rates; and ?\nan increase due to volume/weather, as discussed above.\nThe increase was partially offset by the following: ?\na decrease of $31.9 million in the price applied to unbilled sales, as discussed above; ?\na decrease of $12.2 million in rate refund provisions, as discussed above; and ?\na decrease of $5.2 million in gross wholesale revenue due to decreased sales to affiliated systems.\nFuel and purchased power expenses increased primarily due to: ?\nan increase in the recovery from customers of deferred fuel costs; and ?\nan increase in the market price of natural gas.\nOther regulatory credits increased primarily due to: ?\nthe deferral in 2004 of $14.3 million of capacity charges related to generation resource planning as allowed by the LPSC; ?\nthe amortization in 2003 of $11.8 million of deferred capacity charges, as discussed above; and ?\nthe deferral in 2004 of $11.4 million related to Entergy's voluntary severance program, in accordance with a proposed stipulation with the LPSC staff.2003 Compared to 2002 Net revenue, which is Entergy Louisiana's measure of gross margin, consists of operating revenues net of: 1) fuel, fuel-related, and purchased power expenses and 2) other regulatory charges (credits).\nFollowing is an analysis of the change in net revenue comparing 2003 to 2002."}
{"_id": "d89b8a3a2", "title": "", "text": "During fiscal 2014 we generated $1.4 billion in cash from operations and $1.0 billion from the sale of our Intuit Financial Services business.\nWe also received $165 million in cash from the issuance of common stock under employee stock plans.\nDuring the same period we used $1.6 billion in cash for the repurchase of shares of our common stock under our stock repurchase programs, $471 million for the acquisition of businesses (primarily Check), $421 million for net purchases of investments, $220 million for the payment of cash dividends, and $186 million for capital expenditures.\nOver the next five fiscal years, we expect to invest a total of over $250 million in capital improvements to expand our headquarters campus in Mountain View, California."}
{"_id": "d87d9a8ce", "title": "", "text": "FCX or its subsidiaries file income tax returns in the U. S.  federal jurisdiction and various state and foreign jurisdictions.\nThe tax years for FCXs major tax jurisdictions that remain subject to examination are as follows:"}
{"_id": "d8a8bae8c", "title": "", "text": "| 2019 2020 2021 2022 2023 2024 – 2028 | Qualified defined benefit pension plans | Retiree medical and life insurance plans |"}
{"_id": "d82990b20", "title": "", "text": "2016 vs.  2015 Underlying sales increased by 10% from higher volumes of 11%, partially offset by lower pricing of 1%.\nVolumes were higher primarily from new plants in China and higher merchant volumes across Asia.\nPricing was down due to continued pricing pressure on merchant products in China and helium oversupply into Asia.\nUnfavorable currency impacts, primarily from the Chinese Renminbi, Korean Won, and Taiwanese Dollar decreased sales by 5%.\nOperating income of $449.1 increased 18%, or $68.6, primarily due to higher volumes of $66 and lower operating costs of $34, partially offset by an unfavorable currency impact of $19 and unfavorable pricing, net of energy and fuel costs, of $12.\nThe lower operating costs were driven by our operational improvements.\nOperating margin increased 300 bp, due to favorable cost performance and higher volumes.\nEquity affiliates’ income of $57.8 increased $11.7 primarily due to favorable contract and insurance settlements, higher volumes, and improved cost performance.2015 vs.  2014 Underlying sales increased by 10% from higher volumes of 12%, partially offset by lower pricing of 2%.\nVolumes were higher primarily from new plants, and in particular, a large on-site project in China.\nPricing was down due to continued pricing pressure on merchant products in China.\nUnfavorable currency impacts decreased sales by 4%.\nHigher energy contractual cost-pass through to customers increased sales by 1%.\nOperating income of $380.5 increased 23%, or $70.1, primarily due to higher volumes of $76 and lower costs of $42 resulting from restructuring and underlying productivity, partially offset by lower pricing, net of energy and fuel costs, of $35 and an unfavorable currency impact of $13.\nOperating margin increased 290 bp, primarily due to favorable cost performance and higher volumes, partially offset by lower pricing.\nEquity affiliates’ income of $46.1 increased $8.1 primarily due to higher volumes and favorable cost performance."}
{"_id": "d86a41624", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Management’s Discussion and Analysis Net revenues in Equities were $6.60 billion, 4% lower than 2016, primarily due to lower commissions and fees, reflecting a decline in our listed cash equity volumes in the U. S.  Market volumes in the U. S.  also declined.\nIn addition, net revenues in equities client execution were lower, reflecting lower net revenues in derivatives, partially offset by higher net revenues in cash products.\nNet revenues in securities services were essentially unchanged.\nOperating expenses were $9.69 billion for 2017, essentially unchanged compared with 2016, due to decreased compensation and benefits expenses, reflecting lower net revenues, largely offset by increased technology expenses, reflecting higher expenses related to cloud-based services and software depreciation, and increased consulting costs.\nPre-tax earnings were $2.21 billion in 2017, 54% lower than 2016."}
{"_id": "d8c119028", "title": "", "text": "Risk factors and cautionary statement about forward-looking information This report includes forward-looking statements about our plans and future performance, including those under Outlook for 2009.\nThese statements use such words as may, will, expect, believe and plan.\n They reflect our expectations and speak only as of the date of this report.\nWe do not undertake to update them.\nOur expectations (or the underlying assumptions) may change or not be realized, and you should not rely unduly on forward-looking statements.\nWe have identified the principal risks and uncertainties that affect our performance in the Companys filings with the Securities and Exchange Commission, and investors are urged to consider these risks and uncertainties when evaluating our historical and expected performance."}
{"_id": "d87f6f1e0", "title": "", "text": "Risk monitoring and control Limits Market risk is controlled primarily through a series of limits set in the context of the market environment and business strategy.\nIn setting limits, the Firm takes into consideration factors such as market volatility, product liquidity and accommodation of client business and management experience.\nThe Firm maintains different levels of limits.\nCorporate level limits include VaR and stress limits.\nSimilarly, line of business limits include VaR and stress limits and may be supplemented by loss advisories, nonstatistical measurements and profit and loss drawdowns.\nLimits may also be allocated within the lines of business, as well at the portfolio level.\nLimits are established by Market Risk in agreement with the lines of business.\nLimits are reviewed regularly by Market Risk and updated as appropriate, with any changes approved by lines of business management and Market Risk.\nSenior management, including the Firms Chief Executive Officer and Chief Risk Officer, are responsible for reviewing and approving certain of these risk limits on an ongoing basis.\nAll limits that have not been reviewed within specified time periods by Market Risk are escalated to senior management.\nThe lines of business are responsible for adhering to established limits against which exposures are monitored and reported.\nLimit breaches are required to be reported in a timely manner by Risk Management to limit approvers, Market Risk and senior management.\nMarket Risk consults with Firm senior management and lines of business senior management to determine the appropriate course of action required to return to compliance, which may include a reduction in risk in order to remedy the excess.\nAny Firm or line of business-level limits that are in excess for three business days or longer, or that are over limit by more than 30%, are escalated to senior management and the Firmwide Risk Committee."}
{"_id": "d875c50c2", "title": "", "text": "Approximately 33% of the $16.3 billion total backlog at December 31, 2011, is expected to be converted into sales in 2012.\nTotal U. S.  Government orders comprised substantially all of the total backlog at the end of 2011.\nAwards 2011—The value of new contract awards during the year ended December 31, 2011 was approximately $5.6 billion.\nSignificant new awards during this period included contracts for the construction of LPD-26 John P.  Murtha, DDG-113 John Finn and DDG-114 Ralph Johnson, continued engineering and construction of CVN-78 Gerald R.  Ford, advance\nof exercise for stock options exercised or at period end for outstanding stock options, less the applicable exercise price.\nThe Company issued new shares to satisfy exercised stock options.\nCompensation Expense The Company recorded $43 million, $34 million, and $44 million of expense related to stock awards for the years ended December 31, 2015, 2014, and 2013, respectively.\nThe Company recorded $17 million, $13 million, and $17 million as a tax benefit related to stock awards and stock options for the years ended December 31, 2015, 2014, and 2013, respectively.\nThe Company recognized tax benefits for the years ended December 31, 2015, 2014, and 2013, of $41 million, $53 million, and $32 million, respectively, from the issuance of stock in settlement of stock awards, and $4 million, $5 million, and $4 million for the years ended December 31, 2015, 2014, and 2013, respectively, from the exercise of stock options.\nUnrecognized Compensation Expense As of December 31, 2015, the Company had less than $1 million of unrecognized compensation expense associated with RSRs granted in 2015 and 2014, which will be recognized over a weighted average period of 1.0 year, and $25 million of unrecognized expense associated with RPSRs granted in 2015, 2014, and 2013, which will be recognized over a weighted average period of 0.6 years.\nAs of December 31, 2015, the Company had no unrecognized compensation expense related to stock options.\nCompensation expense for stock options was fully recognized as of December 31, 2013.20."}
{"_id": "d8b024a92", "title": "", "text": "| July 31, | (In millions) | Executive deferred compensation plan liabilities | Reserve for promotional discounts and rebates | Reserve for product returns | Current portion of license fee payable | Current portion of deferred rent | Current portion of dividend payable | Interest payable | Other | Total other current liabilities |"}
{"_id": "d8d914ba0", "title": "", "text": "| As of December 31, 2018 As of December 31, 2017 | Notional | (in millions) | Financial assets with interest rate risk: | Fixed maturities-1 | Commercial mortgage and other loans | Derivatives with interest rate risk: | Swaps | Futures | Options | Forwards | Synthetic GICs | Variable annuity and other living benefit feature embedded derivatives-2 | Financial liabilities with interest rate risk-3: | Short-term and long-term debt | Policyholders’ account balances—investment contracts | Net estimated potential loss |"}
{"_id": "d8ba90a1c", "title": "", "text": "| Thousands of dths Delivered Revenues in Millions | Twelve Months Ended | Description | Residential | General | Firm transportation | Total firm sales and transportation | Interruptible sales | Generation plants | Other | Other gas revenues | Total |"}
{"_id": "d86089c08", "title": "", "text": "| Amount (In Millions) | 2015 net revenue | Retail electric price | Other | 2016 net revenue |"}
{"_id": "d8785f224", "title": "", "text": "Impairment of Intangible Assets.\nWe did not record any impairment charges to our intangible assets during fiscal 2014, 2013, or 2012."}
{"_id": "d8629a83a", "title": "", "text": "tax expense.\nWe adopted the provisions of this guidance as of May 1, 2009.\nThe adoption did not have a material impact on our consolidated financial statements.\nIn June 2008, the FASB issued guidance, under Topic 260 – Earnings Per Share, addressing whether instruments granted in share-based payment transactions are participating securities prior to vesting and, therefore, should be included in the process of allocating earnings for purposes of computing earnings per share (EPS).\nWe adopted the provisions of this guidance as of May 1, 2009.\nThe adoption and retrospective application of this guidance reduced basic EPS as previously reported for fiscal year 2009 by $0.01 and increased diluted EPS by $0.01 for fiscal year 2008.\nSee additional discussion in note 3."}
{"_id": "d8e7fbab0", "title": "", "text": "| Years Ended December 31, | 2011 | (In millions) | Accumulated other comprehensive income (loss), balance at January 1, | Gains (losses) deferred in other comprehensive income (loss) on the effective portion of cash flow hedges | Amounts reclassified to net derivative gains (losses) | Amounts reclassified to net investment income | Amounts reclassified to other expenses | Amortization of transition adjustment | Accumulated other comprehensive income (loss), balance at December 31, | Derivatives in Cash Flow Hedging Relationships | Net Derivative Gains (Losses) | (In millions) | For the Year Ended December 31, 2011: | Interest rate swaps | Foreign currency swaps | Interest rate forwards | Credit forwards | Total | For the Year Ended December 31, 2010: | Interest rate swaps | Foreign currency swaps | Interest rate forwards | Credit forwards | Total | For the Year Ended December 31, 2009: | Interest rate swaps | Foreign currency swaps | Interest rate forwards | Credit forwards | Total |"}
{"_id": "d878ee3a2", "title": "", "text": "| Options Outstanding Options Exercisable | Range ofExercise Prices | $3.09 — $9.99 | $10.00 — $19.99 | 21 | Options exercisable and expected to become exercisable | Change | 2014 | (In millions, except percentages and ratios) | New orders | Net sales | Book to bill ratio | Operating income (loss) | Operating margin | Non-GAAP Adjusted Results | Non-GAAP adjusted operating income (loss) | Non-GAAP adjusted operating margin |"}
{"_id": "d879e42e8", "title": "", "text": "| (Millions of Dollars) Con Edison Con Edison of New York O&R | 2004 | 2005 | 2006 | 2007 | 2008 |"}
{"_id": "d8826ee40", "title": "", "text": "| Millions 2010 2009 2008 % Change2010 v 2009 % Change2009 v 2008 | Compensation and benefits | Fuel | Purchased services and materials | Depreciation | Equipment and other rents | Other | Total |"}
{"_id": "d8d609d48", "title": "", "text": "| Payments Due by Period | (in thousands) | Global headquarters operating lease-1 | Other operating leases-2 | Unconditional purchase obligations-3 | Obligations related to uncertain tax positions, including interest and penalties-4 | Other long-term obligations-5 | Total contractual obligations |"}
{"_id": "d872c7294", "title": "", "text": "| December 31, | 2009 | Loans and Securities Pledged: | Federal Reserve Bank | FHLB-Cincinnati | Total loans and securities pledged | Total unused borrowing capacity at Federal Reserve Bank and FHLB-Cincinnati |"}
{"_id": "d8926f7d6", "title": "", "text": "Termination Indemnity Plans The Company operates in certain jurisdictions, primarily in Europe, which require the recording of statutory termination obligations.\nThese obligations were assessed in accordance with EITF 88-1, Determination of Vested Benefit Obligation for a Defined Benefit Pension Plan.\nThe total liability recorded for these obligations was $68 million at December 31, 2005 and $81 million at December 31, 2004."}
{"_id": "d8acff952", "title": "", "text": "| December 31, 2006  (In millions) | Fixed maturity securities | Equity securities | Deferred policy acquisition costs | Other assets | Total assets held-for-sale | Policyholder account balances | Total liabilities held-for-sale |"}
{"_id": "d85d723b2", "title": "", "text": "| December 31 | (Dollars in millions) | By counterparty-1 | GSEs | Monolines | Whole loan and private-label securitization investors and other-2 | Total outstanding claims by counterparty | By product type-1 | Prime loans | Alt-A | Home equity | Pay option | Subprime | Other | Total outstanding claims by product type |"}
{"_id": "d814d947a", "title": "", "text": "| Thousands of Dt Delivered Revenues in Millions (a) | For the Years Ended | Description | Residential | General | Firm transportation | Total firm sales and transportation | Interruptible sales (c) | NYPA | Generation plants | Other | Other operating revenues (d) | Total |"}
{"_id": "d85d720ec", "title": "", "text": "| December 31 | (Dollars in millions) | Consumer | Residential mortgage | Home equity | Discontinued real estate | Direct/Indirect consumer | Other consumer | Total consumer-2 | Commercial | U.S. commercial | Commercial real estate | Commercial lease financing | Non-U.S. commercial | 6,223 | U.S. small business commercial | Total commercial-3 | Total nonperforming loans and leases | Foreclosed properties | Total nonperforming loans, leases and foreclosed properties-4 |"}
{"_id": "d8aa517e6", "title": "", "text": "| Year ended December 31, | 2006 | (in millions) | Operating results: | Revenues | Expenses | Adjusted operating income | Equity in earnings of operating joint ventures-1 | Income from continuing operations before income taxes, equity in earnings of operating joint ventures, extraordinary gain on acquisition andcumulative effect of accounting change |"}
{"_id": "d8adbdc9a", "title": "", "text": "| Years ended December 31, 2017 2016 2015 | Net earnings | Non-cash items | Changes in working capital | Net cash provided by operating activities | Net cash used by investing activities | Net cash used by financing activities | Effect of exchange rate changes on cash and cash equivalents | Net decrease in cash and cash equivalents | Cash and cash equivalents at beginning of year | Cash and cash equivalents at end of period |"}
{"_id": "d8e0d9444", "title": "", "text": "Registration Statements ?\nIn May 2006, we filed a shelf registration statement on Form S-3 that registered an indeterminate amount of debt securities.\nThis registration statement was effective immediately upon filing under Securities and Exchange Commission regulations governing well-known seasoned issuers (the WKSI Registration Statement).  ?\nIn August 2006, we issued $250 million of 5.3% Notes due September 1, 2011, and $250 million of 5.45% Notes due September 1, 2016.\nThese Notes were issued under the WKSI Registration Statement.  ?\nIn March 2008, we issued $250 million of 5.0% Notes due April 1, 2013.\nThe Notes were issued under the WKSI Registration Statement.  ?\nProceeds from the debt issuances and any other offerings under the WKSI Registration Statement may be used for general corporate requirements.\nThese may include reducing existing borrowings, financing capital additions, funding contributions to our pension plans, future business acquisitions and working capital requirements."}
{"_id": "d8ce9206a", "title": "", "text": "| IN MILLIONS 2007 2006 2005 | Boston Market | Revenues | Pretax income (loss) | Chipotle | Revenues | Pretax income |"}
{"_id": "d8833c07a", "title": "", "text": "| December 31, 2008 December 31, 2007 | Carrying amount | ($ in millions) | U.S. Government and agencies | States and political subdivisions | Non-U.S. governments | Corporate — public | Corporate — private | Residential pass-through securities | Commercial mortgage-backed securities | Residential collateralized mortgage obligations | Asset-backed securities | Total fixed maturity securities |"}
{"_id": "d89635438", "title": "", "text": "Cash Provided by Operating Activities For the year ended March 31, 2015, cash provided by operating activities consisted of net income of $113.7 million, less non-cash items of $65.7 million and cash used for working capital of $4.7 million.\nThe increase in net income in fiscal 2015 included a deferred income tax benefit of $87.1 million primarily due to the release of our valuation allowance on certain of our deferred tax assets and higher Impella product revenue due to greater utilization in the U. S.  and Europe.\nOther non-cash items primarily consisted of $16.5 million of stock-based compensation expense, $2.8 million of depreciation and amortization of long-lived assets, $2.2 million of write-downs of inventory and a $0.5 million change in fair value of contingent consideration.\nThe decrease in cash from changes in working capital included an $8.0 million increase in accounts receivable from higher revenues, a $7.0 million increase in inventory to support growing demand for our Impella products, and a $1.5 million increase in prepaid expenses.\nThese amounts were partially offset by $9.4 million increase in accounts payable and accrued expenses due to increase in operating expenses as discussed above in Costs and Expenses and an increase in deferred revenue of $2.3 million primarily due to an increase in preventative maintenance service contracts as we expand the use of our Impella AIC consoles to additional sites.\nFor the year ended March 31, 2014, cash provided by operating activities consisted of net income of $7.4 million, adjustments for noncash items of $16.6 million and cash used for working capital of $0.5 million.\nAdjustments for non-cash items primarily consisted of $11.2 million of stock-based compensation expense, $2.5 million of depreciation and amortization of long-lived assets, $2.0 million of write-downs of inventory and a $0.9 million change in deferred tax provision.\nThe decrease in cash from changes in working capital was primarily due to a $2.4 million increase in accounts receivable and prepaid expenses, partially offset by a $1.9 million decrease in accounts payable and accrued expenses mostly related to timing of vendor payments.\nFor the year ended March 31, 2013, cash provided by operating activities consisted of net income of $15.0 million, adjustments for noncash items of $14.2 million and cash used in working capital of $2.8 million.\nAdjustments for non-cash items primarily consisted of $9.5 million of stock-based compensation expense, $2.7 million of depreciation and amortization of long-lived assets, $1.2 million of write-downs of inventory and a $0.8 million change in deferred tax provision.\nThe decrease in cash from changes in working capital was primarily due to a $2.9 million increase in accounts receivable and prepaid expenses, a $5.3 million increase in inventory and a $1.2 million increase in deferred revenue, partially offset by a $4.2 million decrease in accounts payable and accrued expenses mostly related to timing of vendor payments."}
{"_id": "d8f5a21dc", "title": "", "text": "In connection with the acquisition of Temple-Inland in February 2012, two special purpose entities became wholly-owned subsidiaries of International Paper.\nIn October 2007, Temple-Inland sold 1.55 million acres of timberlands for $2.38 billion.\nThe total consideration consisted almost entirely of notes due in 2027 issued by the buyer of the timberlands, which Temple-Inland contributed to two wholly-owned, bankruptcy-remote special purpose entities.\nThe notes are shown in Financial assets of special purpose entities in the accompanying consolidated balance sheet and are supported by $2.38 billion of irrevocable letters of credit issued by three banks, which are required to maintain minimum credit ratings on their long-term debt.\nIn the third quarter of 2012, International Paper completed is preliminary analysis of the acquisition date fair value of the notes and determined it to be $2.09 billion.\nAs a result of this analysis, Financial assets of special purposed entities decreased by $292 million and Goodwill increased by the same amount.\nAs of December 31, 2012 , the fair value of the notes was $2.21 billion.\nIn December 2007, Temple-Inlands two whollyowned special purpose entities borrowed $2.14 billion shown in Nonrecourse financial liabilities of special purpose entities in the accompanying consolidated balance sheet.\nThe loans are repayable in 2027 and are secured only by the $2.38 billion of notes and the irrevocable letters of credit securing the notes and are nonrecourse to the Company.\nThe loan agreements provide that if a credit rating of any of the banks issuing the letters of credit is downgraded below the specified threshold, the letters of credit issued by that bank must be replaced within 30 days with letters of credit from another qualifying financial institution.\nIn the third quarter of 2012, International Paper completed its preliminary analysis of the acquisition date fair value of the borrowings and determined it to be $2.03 billion.\nAs a result of this analysis, Nonrecourse financial liabilities of special purpose entities decreased by $110 million and Goodwill decreased by the same amount.\nAs of December 31, 2012 , the fair value of this debt was $2.12 billion.\nThe buyer of the Temple-Inland timberland issued the $2.38 billion in notes from its wholly-owned, bankruptcy-remote special purpose entities.\nThe buyers special purpose entities held the timberlands from the transaction date until November 2008, at which time the timberlands were transferred out of the buyers special purpose entities.\nDue to the transfer of the timberlands, Temple-Inland evaluated the buyers special purpose entities and determined that they were variable interest entities and that Temple-Inland was the primary beneficiary.\nAs a result, in 2008, Temple-Inland"}
{"_id": "d8b81355a", "title": "", "text": "The auction rate securities that the Company has invested in are typically re-auctioned every seven to twenty-eight days.\nHowever, as a result of liquidity conditions affecting capital markets, particularly in the U. S. , specifically for asset-backed securities, every auction for the securities held by the Company over the last several months of 2007 failed.\nDue to the failed auctions, the Company has recognized unrealized losses in other comprehensive income of $3.9 million ($2.4 million net of taxes) for the reduction in fair market value of these securities at December 31, 2007.\nThe Company believes that the decline in fair market value is indicative of the severe pressure from the sub-prime lending collapse that began during the second half of 2007, rather than specific concerns with respect to the issuers of the auction rate securities in which the Company has invested or the securities themselves.\nThe auction rate securities in which the Company has invested consist of debt instruments and perpetual preferred securities.\nAt December 31, 2007, Moody’s Investors Service’s ratings of these securities ranged from Aa to Aaa and Standard and Poor’s ratings ranged from AA to AAA.\nThe Company believes that the gross unrealized losses on these securities are temporary in nature and the Company has the intent and, it believes, the ability to hold these securities until they have recovered their cost basis.\nThe Company currently anticipates that the market for these securities will be re-established within 18 months of December 31, 2007, but it is possible that a recovery may occur beyond this time period.\nThe Company believes that it has sufficient liquidity to meet its operating cash needs without the sale of these securities.\nAs a result of the factors discussed above, the Company has classified these investments as non-current assets on the consolidated balance sheet at December 31, 2007.\nAt December 31, 2006, the Company’s available-for-sale investments consisted of $33.9 million of auction rate securities, which were investments in preferred stock with no maturity dates and were included in current assets on the consolidated balance sheet at December 31, 2006.\nThe fair value of these investments was equal to their cost.\npreferred stock was convertible into 0.885 shares of the Company’s common stock.\nThese authorizations comprised a single program, which had no set expiration date.\nAs of the close of business on July 31, 2007, the Company had been authorized to repurchase 33,954,294 shares of the Company’s common stock under that program, and it had repurchased 30,969,142 shares (including preferred shares on an as-converted basis), leaving 2,985,152 shares of common stock authorized for repurchase under the program.\nOn August 9, 2007, the Company announced that its Board of Directors had approved a new share repurchase program, authorizing the Company to repurchase in the aggregate up to 20 million shares of its issued and outstanding common stock.\nThis new program replaced the Company’s prior share repurchase program discussed above, which was terminated.\nThrough December 31, 2007, the Company had not repurchased any shares of the Company’s common stock under the new program, leaving the entire 20 million shares of common stock authorized for repurchase under the new program.\nThe new program has no set expiration date."}
{"_id": "d8822dc2e", "title": "", "text": "Note 3  Information on Business Segments We organize our business segments based on the nature of the products and services offered.\nEffective December 31, 2012, we operate in five business segments: Aeronautics, Information Systems & Global Solutions (IS&GS), Missiles and Fire Control (MFC), Mission Systems and Training (MST), and Space Systems.\nThis structure reflects the reorganization of our former Electronic Systems business segment into the new MFC and MST business segments in order to streamline our operations and enhance customer alignment.\nIn connection with this reorganization, management layers at our former Electronic Systems business segment and our former Global Training and Logistics (GTL) business were eliminated, and the former GTL business was split between the two new business segments.\nIn addition, operating results for Sandia Corporation, which manages the Sandia National Laboratories for the U. S.  Department of Energy, and our equity interest in the U. K.  Atomic Weapons Establishment joint venture were transferred from our former Electronic Systems business segment to our Space Systems business segment.\nThe amounts, discussion, and presentation of our business segments reflect this reorganization for all years presented in this Annual Report on Form 10-K.\nThe following is a brief description of the activities of our business segments: ° Aeronautics  Engaged in the research, design, development, manufacture, integration, sustainment, support, and upgrade of advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies.\n° Information Systems & Global Solutions  Provides management services, integrated information technology solutions, and advanced technology systems and expertise across a broad spectrum of applications for civil, defense, intelligence, and other government customers.\n° Missiles and Fire Control  Provides air and missile defense systems; tactical missiles and air-to-ground precision strike weapon systems; fire control systems; mission operations support, readiness, engineering support, and integration services; logistics and other technical services; and manned and unmanned ground vehicles.\n° Mission Systems and Training  Provides surface ship and submarine combat systems; sea and land-based missile defense systems; radar systems; mission systems and sensors for rotary and fixed-wing aircraft; littoral combat ships; simulation and training services; unmanned technologies and platforms; ship systems integration; and military and commercial training systems.\n° Space Systems  Engaged in the research and development, design, engineering, and production of satellites, strategic and defensive missile systems, and space transportation systems.\nSpace Systems is also responsible for various classified systems and services in support of vital national security systems.\nOperating results for our Space Systems business segment include our equity interests in United Launch Alliance, which provides expendable launch services for the U. S.  Government, United Space Alliance, which provided processing activities for the Space Shuttle program and is winding down following the completion of the last Space Shuttle mission in 2011, and a joint venture that manages the U. K. s Atomic Weapons Establishment program."}
{"_id": "d8f46fb84", "title": "", "text": "| Year Ended December 31, | 2017 | Consolidated Statement of Income Data-1 | Revenues: | Transaction and clearing, net-2 | Data services | Listings | Other revenues | Total revenues | Transaction-based expenses-2 | Total revenues, less transaction-based expenses | Operating expenses: | Compensation and benefits | Professional services | Acquisition-related transaction and integration costs-3 | Technology and communication | Rent and occupancy | Selling, general and administrative | Depreciation and amortization | Total operating expenses | Operating income | Other income (expense), net(4) | Income from continuing operations before income tax expense (benefit) | Income tax expense (benefit)(5) | Income from continuing operations | Income (loss) from discontinued operations, net of tax(6) | Net income | Net income attributable to non-controlling interest | Net income attributable to ICE-7 | Basic earnings (loss) per share attributable to ICE common shareholders: | Continuing operations-7 | Discontinued operations-6 | Basic earnings per share | Basic weighted average common shares outstanding-8 | Diluted earnings (loss) per share attributable to ICE common shareholders: | Continuing operations-7 | Discontinued operations-6 | Diluted earnings per share | Diluted weighted average common shares outstanding-8 | Dividend per share |"}
{"_id": "d8b04446e", "title": "", "text": "| Property: Occupied Square Footage Lease Expiration Dates | 4 Overlook Point and other locations, Lincolnshire, Illinois | 2601 Research Forest Drive, The Woodlands, Texas | 2300 Discovery Drive, Orlando, Florida | Devonshire Square and other locations, London, UK | 199 Water Street, New York, New York | 1000 N. Milwaukee Avenue, Glenview, Illinois | 7201 Hewitt Associates Drive, Charlotte, North Carolina |"}
{"_id": "d88038838", "title": "", "text": "| In millions December 31, 2009 2008 | Land | Buildings and improvements on owned land | Buildings and improvements on leased land | Equipment, signs and seating | Other | 33,440.5 | Accumulated depreciation and amortization | Net property and equipment |"}
{"_id": "d8751620c", "title": "", "text": "As of December 31, 2016, the book value of our equity method investments exceeded our share of the book value of the investees underlying net assets by approximately $200 million, which represents amortizable intangible assets and in-process research and development, corresponding deferred tax liabilities, and goodwill.\nThe net losses from our equity method adjustments, presented within the Other, net caption of our consolidated statement of operations were $17 million in 2016 and were immaterial in 2015 and 2014."}
{"_id": "d8e67f8f8", "title": "", "text": "| Millions, Except Percentages 2011 2010 2009 | Net income | Average equity | Return on average commonshareholders’ equity |"}
{"_id": "d8912bb9a", "title": "", "text": "| Contingent consideration | 2014 | (Dollars in thousands) | Beginning balance – January 1 | Initial estimate upon acquisition | Payment | Revaluations | Translation adjustment | Ending balance – December 31 |"}
{"_id": "d8c6f4268", "title": "", "text": "Home Loans & Insurance Impairment During the three months ended December 31, 2010, the Corporation performed an impairment test for the Home Loans & Insurance reporting unit as it was likely that there was a decline in its fair value as a result of increased uncertainties, including existing and potential litigation exposure and other potential risks, higher current servicing costs including loss mitigation efforts, foreclosure related issues and the redeployment of centralized sales resources to address servicing needs.\nIn step one of the goodwill impairment test, the fair value of Home Loans & Insurance was estimated based on a combination of the market approach and the income approach.\nUnder the market approach valuation, significant assumptions included market multiples and a control premium.\nThe significant assumptions for the valuation of Home Loans & Insurance under the income approach included cash flow estimates, the discount rate and the terminal value.\nThese assumptions were updated to reflect the current strategic plan forecast and to address the increased uncertainties referenced above.\nBased on the results of step one of the impairment test, the Corporation determined that the carrying amount of Home Loans & Insurance, including goodwill, exceeded the fair value.\nThe carrying amount, fair value and goodwill for the Home Loans & Insurance reporting unit were $24.7 billion, $15.1 billion and $4.8 billion, respectively.\nAccordingly, the Corporation per formed step two of the goodwill impairment test for this reporting unit.\nIn step two, the Corporation compared the implied fair value of the reporting units goodwill with the carrying amount of that goodwill.\nUnder step two of the goodwill impairment test, significant assumptions in measuring the fair value of the assets and liabilities of the reporting Intangible Assets unit including discount rates, loss rates and interest rates were updated to reflect the current economic conditions.\nBased on the results of step two of the impairment test, the carrying value of the goodwill assigned to Home Loans & Insurance exceeded the implied fair value by $2.0 billion.\nAccordingly, the Corporation recorded a non-cash, non-tax deductible goodwill impairment charge of $2.0 billion as of December 31, 2010 to reduce the carrying value of goodwill in the Home Loans & Insurance reporting unit.\nIntangible Assets The table below presents the gross carrying amounts and accumulated amortization related to intangible assets at December 31, 2010 and 2009."}
{"_id": "d881c81e4", "title": "", "text": "| December 31, | 2009 | (millions) | Materials and Supplies | Crude Oil | Total |"}
{"_id": "d87cadac4", "title": "", "text": "| December 31 2008 2007 | Inventory | Accrued liabilities and allowances | Employee benefits | Capitalized items | Tax basis differences on investments | Depreciation tax basis differences on fixed assets | Undistributednon-U.S.earnings | Tax carryforwards | Available-for-sale securities | Business reorganization | Warranty and customer reserves | Deferred revenue and costs | Valuation allowances | Deferred charges | Other | $3,471 |"}
{"_id": "d8ed4341e", "title": "", "text": "Self-Insurance Certain insurable risks such as general liability, medical and workers compensation are self-insured by the Company up to certain limits.\nUndiscounted accruals for claims under the Companys self-insurance program are based on claims filed and estimates for claims incurred but not yet reported."}
{"_id": "d8a779e9c", "title": "", "text": "For each of the Companies, the common equity ratio for the last five years was:"}
{"_id": "d8f5299c6", "title": "", "text": "Michael A.  Vitelli was named Executive Vice President, President — Americas in March 2010.\nHe previously served as Executive Vice President — Customer Operating Groups since March 2008.\nMr.  Vitelli joined us in February 2004 and has held positions such as Senior Vice President and General Manager of Home Solutions.\nPrior to joining us, he spent 23 years with Sony Electronics, Inc. , serving in positions of increasing responsibility including executive vice president of Sony’s Visual Products Company.\nMr.  Vitelli serves on the boards of the National Multiple Sclerosis Society, Minnesota Chapter, and the National Consumer Technology Industry chapter of the Anti-Defamation League, where he serves as the industry chair."}
{"_id": "d87851b42", "title": "", "text": "Performance of the Company’s obligations under the senior notes, including any repurchase obligations resulting from a change of control, is unconditionally guaranteed, jointly and severally, on an unsecured basis, by each of HII’s existing and future domestic restricted subsidiaries that guarantees debt under the Credit Facility (the “Subsidiary Guarantors”).\nThe guarantees rank equally with all other unsecured and unsubordinated indebtedness of the guarantors.\nThe Subsidiary Guarantors are each directly or indirectly 100% owned by HII.\nThere are no significant restrictions on the ability of HII or any Subsidiary Guarantor to obtain funds from their respective subsidiaries by dividend or loan.\nMississippi Economic Development Revenue Bonds—As of December 31, 2011 and 2010, the Company had $83.7 million outstanding from the issuance of Industrial Revenue Bonds issued by the Mississippi Business Finance Corporation.\nThese bonds accrue interest at a fixed rate of 7.81% per annum (payable semi-annually) and mature in 2024.\nWhile repayment of principal and interest is guaranteed by Northrop Grumman Systems Corporation, HII has agreed to indemnify Northrop Grumman Systems Corporation for any losses related to the guaranty.\nIn accordance with the terms of the bonds, the proceeds have been used to finance the construction, reconstruction, and renovation of the Company’s interest in certain ship manufacturing and repair facilities, or portions thereof, located in the state of Mississippi.\nGulf Opportunity Zone Industrial Development Revenue Bonds—As of December 31, 2011 and 2010, the Company had $21.6 million outstanding from the issuance of Gulf Opportunity Zone Industrial Development Revenue Bonds (“GO Zone IRBs”) issued by the Mississippi Business Finance Corporation.\nThe GO Zone IRBs were initially issued in a principal amount of $200 million, and in November 2010, in connection with the anticipated spin-off, HII purchased $178 million of the bonds using the proceeds from a $178 million intercompany loan from Northrop Grumman.\nSee Note 20: Related Party Transactions and Former Parent Company Equity.\nThe remaining bonds accrue interest at a fixed rate of 4.55% per annum (payable semi-annually), and mature in 2028.\nIn accordance with the terms of the bonds, the proceeds have been used to finance the construction, reconstruction, and renovation of the Company’s interest in certain ship manufacturing and repair facilities, or portions thereof, located in the state of Mississippi.\nThe estimated fair value of the Company’s total long-term debt, including current portions, at December 31, 2011 and 2010, was $1,864 million and $128 million, respectively.\nThe fair value of the total long-term debt was calculated based on recent trades for most of the Company’s debt instruments or based on interest rates prevailing on debt with substantially similar risks, terms and maturities.\nThe aggregate amounts of principal payments due on long-term debt for each of the next five years and thereafter are:"}
{"_id": "d8e361964", "title": "", "text": "Gain on disposition of assets in 2010 included pretax gains of $40 million from the sale of certain British Columbia forest licenses and associated rights, $13 million from the sale of closed facilities, $4 million from the sale of a sawmill and $4 million from the sale of distribution centers.\nThe $163 million pretax gain on sale of non-strategic timberlands in 2009 resulted from the sale of 140,000 acres in northwestern Oregon.\nThe total pretax gain on the 2008 sale of our Australian operations was $218 million; $212 million was recorded in other operating income, net and $6 million was recorded in equity in income of affiliates.\nThe full $218 million is presented on the Consolidated Statement of Operations as earnings from discontinued operations, net of taxes.\nForeign exchange (gains) losses result from changes in exchange rates primarily related to our Canadian operations.\nNet Operating Loss Carryforwards Our state and foreign net operating loss carryforwards as of the end of 2010 are as follows: ?$488 million, which expire from 2011 through 2030; and ?$130 million, which do not expire.\nValuation Allowances With the exception of the valuation allowance discussed below, we believe it is more likely than not that we will have sufficient future taxable income to realize our deferred tax assets.\nOur valuation allowance on our deferred tax assets was $120 million as of the end of 2010.\nThis primarily related to foreign net operating losses and state and provincial credits.\nTotal changes in our valuation allowance over the last year were: ?$17 million net increase in 2010.\nThis net increase resulted primarily from: – $2 million increase due to foreign exchange; – $10 million increase due to the change in expectations of future use of state credits and net operating loss carryforwards; and – $5 million increase due to additional foreign losses.\nReinvestment of Undistributed Earnings We have approximately $22 million in undistributed earnings from our foreign subsidiaries as of the end of 2010.\nWe have reinvested our foreign undistributed earnings; therefore they are not subject to U. S.  income taxes.\nGenerally, such earnings become subject to U. S.  tax upon the remittance of dividends and under certain other circumstances.\nIt is not practicable to estimate the amount of deferred tax liability on such undistributed earnings.\nHOW WE ACCOUNT FOR INCOME TAXES The Income Taxes section of Note 1: Summary of Significant Accounting Policies provides details about how we account for our income taxes.\nUNRECOGNIZED TAX BENEFITS Unrecognized tax benefits represent potential future funding obligations to taxing authorities if uncertain tax positions we have taken on previously filed tax returns are not sustained.\nThe total amount of unrecognized tax benefits as of December 31, 2010, and December 31, 2009, are $180 million and $170 million, respectively, which does not include related interest of $30 million and $23 million, respectively.\nThese amounts represent the gross amount of exposure in individual jurisdictions and do not reflect any additional benefits expected to be realized if such positions were not sustained, such as the federal deduction that could be realized if an unrecognized state deduction was not sustained.\nReconciliation of the Beginning and Ending Amount of Unrecognized Tax Benefits"}
{"_id": "d8b1313c2", "title": "", "text": "| As of September 30, | 2013 | Construction in Progress and Finished Homes | (In millions) | East | Midwest | Southeast | South Central | Southwest | West | Corporate and unallocated -1 | $2,498.0 |"}
{"_id": "d874fa034", "title": "", "text": "| Consolidated Statement of Income Data: Years Ended June 30 | (In thousands, except per share data) | Net revenues | Cost of sales | Product recall expenses | Gross profit | Selling, general and administrative expenses | Research and development expenses | Donations to research foundations | In-process research and development charge | Amortization of acquired intangible assets | Restructuring expenses | Total operating expenses | Income from operations | Other income (expenses): | Interest income (expense), net | Other, net | Total other income (expenses) | Income before income taxes | Income taxes | Net income | Basic earnings per share | Diluted earnings per share | Weighted average: | Basic shares outstanding | Diluted shares outstanding |"}
{"_id": "d8ac36bb0", "title": "", "text": "United Kingdom.\nBermuda Re’s UK branch conducts business in the UK and is subject to taxation in the UK.\nBermuda Re believes that it has operated and will continue to operate its Bermuda operation in a manner which will not cause them to be subject to UK taxation.\nIf Bermuda Re’s Bermuda operations were to become subject to UK income tax, there could be a material adverse impact on the Company’s financial condition, results of operations and cash flow.\nIreland.\nHoldings Ireland and Ireland Re conduct business in Ireland and are subject to taxation in Ireland.\nAvailable Information.\nThe Company’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8- K, proxy statements and amendments to those reports are available free of charge through the Company’s internet website at http://www.\neverestre.\ncom as soon as reasonably practicable after such reports are electronically filed with the Securities and Exchange Commission (the “SEC”).\nITEM 1A.\nRISK FACTORS In addition to the other information provided in this report, the following risk factors should be considered when evaluating an investment in our securities.\nIf the circumstances contemplated by the individual risk factors materialize, our business, financial condition and results of operations could be materially and adversely affected and the trading price of our common shares could decline significantly.\nRISKS RELATING TO OUR BUSINESS Fluctuations in the financial markets could result in investment losses.\nProlonged and severe disruptions in the public debt and equity markets, such as occurred during 2008, could result in significant realized and unrealized losses in our investment portfolio.\nFor the year ended December 31, 2008, we incurred $695.8 million of realized investment gains and $310.4 million of unrealized investment losses.\nAlthough financial markets significantly improved during 2009 and 2010, they could deteriorate in the future and again result in substantial realized and unrealized losses, which could have a material adverse impact on our results of operations, equity, business and insurer financial strength and debt ratings.\nOur results could be adversely affected by catastrophic events.\nWe are exposed to unpredictable catastrophic events, including weather-related and other natural catastrophes, as well as acts of terrorism.\nAny material reduction in our operating results caused by the occurrence of one or more catastrophes could inhibit our ability to pay dividends or to meet our interest and principal payment obligations.\nSubsequent to April 1, 2010, we define a catastrophe as an event that causes a loss on property exposures before reinsurance of at least $10.0 million, before corporate level reinsurance and taxes.\nPrior to April 1, 2010, we used a threshold of $5.0 million.\nBy way of illustration, during the past five calendar years, pre-tax catastrophe losses, net of contract specific reinsurance but before cessions under corporate reinsurance programs, were as follows:"}
{"_id": "d8a8d00de", "title": "", "text": "| 2008 2007 | AAA-1 | AA | A | BBB | BB | Non-rated | 100% |"}
{"_id": "d8974959a", "title": "", "text": "| Amount (In Thousands) | 2009 | 2010 | 2011 | 2012 | 2013 | Years thereafter | Total | Less: Amount representing interest | Present value of net minimum lease payments | 2006 | Property Type | Senior housing | Medical office building | Total | VIE Type | VIE tenants—operating leases | VIE tenants—DFLs | Senior secured loans | Mezzanine loans |"}
{"_id": "d8991338a", "title": "", "text": "| 2018 2017 | Carrying Amount at Beginning of Period | Liabilities Incurred | Liabilities Settled-1 | Accretion | Revisions | Foreign Currency Translations | Carrying Amount at End of Period | Current Portion | Noncurrent Portion |"}
{"_id": "d8e251812", "title": "", "text": "| Shares Granted | Vesting Period | Two years | Three years | Four years | Five years | Ten years | Total shares granted |"}
{"_id": "d8c73c5cc", "title": "", "text": "| ($ in millions)Reporting Segment Fiscal 2014 Net Sales Fiscal 2013 Net Sales % Inc(Dec) | Consumer Foods | Commercial Foods | Private Brands | Total |"}
{"_id": "d8e84aa20", "title": "", "text": "| 2018 2017 2016 | (In thousands) | Residential | Commercial | Fire service | Industrial | Public and other(a) | Total |"}
{"_id": "d8e3d6994", "title": "", "text": "window.\nWhether specific assets will be considered qualifying collateral and the amount that may be borrowed against the collateral, remain at the discretion of the Federal Reserve.\nWe had approximately $57.0 billion as of December 31, 2016 in U. S.  credit card loans and charge card receivables that could be sold over time through our securitization trusts or pledged in return for secured borrowings to provide further liquidity, subject in each case to applicable market conditions and eligibility criteria.\nCommitted Bank Credit Facility In addition to the secured borrowing facilities described earlier in this section, we maintained a committed syndicated bank credit facility as of December 31, 2016 of $3.0 billion, which expires on December 9, 2018.\nThe availability of this credit line is subject to our compliance with certain financial covenants, principally the maintenance by American Express Credit Corporation (Credco) of a certain ratio of combined earnings and fixed charges to fixed charges.\nAs of December 31, 2016, we were in compliance with each of our covenants.\nAs of December 31, 2016, no amounts were drawn on the committed credit facility.\nThe capacity of the facility mainly served to further enhance our contingent funding resources.\nOur committed bank credit facility does not contain a material adverse change clause, which might otherwise preclude borrowing under the credit facility, nor is it dependent on our credit rating."}
{"_id": "d81a5d586", "title": "", "text": "| 2007 2006 2005 | Beginning accrued warranty and related costs | Cost of warranty claims | Accruals for product warranties | Ending accrued warranty and related costs |"}
{"_id": "d8a00cc04", "title": "", "text": "| Declaration Date Record Date Payment Date Dividend Per Share | January 30, 2019 | October 24, 2018 | July 26, 2018 | April 25, 2018 | January 31, 2018 |"}
{"_id": "d88c1f1f6", "title": "", "text": "| (for the year ended December 31, in millions) 2007 2006 2005 | Average investments(a) | Pretax net investment income | After-tax net investment income | Average pretax yield(b) | Average after-tax yield(b) |"}
{"_id": "d8cf47348", "title": "", "text": "| In Billions Facility Amount Borrowed Amount | Credit facility expiring: | April 2017 | May 2019 | Total committed credit facilities | Uncommitted credit facilities | Total committed and uncommitted credit facilities |"}
{"_id": "d8d04d602", "title": "", "text": "| As of or For the Year Ended December 31, Variance 2013 vs. 2012 | 2013 | Customer Activity Metrics:-1 | DARTs | Average commission per trade | Margin receivables (dollars in billions) | End of period brokerage accounts | Net new brokerage accounts | Brokerage account attrition rate | Customer assets (dollars in billions) | Net new brokerage assets (dollars in billions) | Brokerage related cash (dollars in billions) | Company Metrics: | Corporate cash (dollars in millions) | E*TRADE Financial Tier 1 leverage ratio-2 | E*TRADE Financial Tier 1 common ratio-2 | E*TRADE Bank Tier 1 leverage ratio-3 | Special mention loan delinquencies (dollars in millions) | Allowance for loan losses (dollars in millions) | Enterprise net interest spread | Enterprise interest-earning assets (average dollars in billions) | Total employees (period end) |"}
{"_id": "d86773b4a", "title": "", "text": "The agreements that govern the indebtedness incurred or assumed in connection with the acquisition contain various covenants that impose restrictions on us and certain of our subsidiaries that may affect our ability to operate our businesses.\nThe agreements that govern the indebtedness incurred or assumed in connection with the CareFusion transaction contain various affirmative and negative covenants that may, subject to certain significant exceptions, restrict our ability and the ability of certain of our subsidiaries (including CareFusion) to, among other things, have liens on their property, transact business with affiliates and/or merge or consolidate with any other person or sell or convey certain of our assets to any one person.\nIn addition, some of the agreements that govern our indebtedness contain financial covenants that will require us to maintain certain financial ratios.\nOur ability and the ability of our subsidiaries to comply with these provisions may be affected by events beyond our control.\nFailure to comply with these covenants could result in an event of default, which, if not cured or waived, could accelerate our repayment obligations."}
{"_id": "d8c7e0b40", "title": "", "text": "| Millions of kWhs Delivered Revenues in Millions | Twelve Months Ended | Description | Residential/Religious(a) | Commercial/Industrial | Retail access customers | NYPA, Municipal Agency and other sales | Other operating revenues | Total |"}
{"_id": "d8b9db130", "title": "", "text": "| 2014 2013 | Pension discount rate -1 | OPEB discount rate -1 | Expected return on plan assets -2 | Expected health care cost trend rate -3: | Pre-65 individuals | Initial | Ultimate -2023 | Post-65 individuals | Initial | Ultimate -2023 | Pilot Retirement Age |"}
{"_id": "d8eedf7d2", "title": "", "text": "| 2013 2012 | Balance at beginning of fiscal year | Tax positions related to current year: | Additions | Reductions | Tax positions related to prior years: | Additions related to change in estimate | Reductions | Payments | Lapses in statutes of limitations and settlements | Acquired tax positions: | Additions related to reserves acquired from acquisitions | Balance as of the end of the fiscal year |"}
{"_id": "d8b316e3a", "title": "", "text": "| Termination Benefits Facility Closure Costs Total | Balance at March 1, 2008 | Charges | Cash payments | Balance at February 28, 2009 | Charges | Cash payments | Effects of foreign exchange rates | Balance at February 27, 2010 |"}
{"_id": "d8a0593ba", "title": "", "text": "| In millions of dollars 2018 2017 2016 | Charges for estimated awards to retirement-eligible employees | Amortization of deferred cash awards, deferred cash stock units and performance stock units | Immediately vested stock award expense-1 | Amortization of restricted and deferred stock awards-2 | Other variable incentive compensation | Total |"}
{"_id": "d8c6c1778", "title": "", "text": "| Return Periods (in years) 1 in 20 1 in 50 1 in 100 1 in 250 1 in 500 1 in 1,000 | Exceeding Probability | (Dollars in millions) | Zone/ Peril | Southeast U.S., Wind | California, Earthquake | Texas, Wind |"}
{"_id": "d881434c6", "title": "", "text": "| December 31, 2010 | In millions of dollars | Carrying amount reported on the | Consolidated Balance Sheet | Aggregate unpaid principal balance in | excess of fair value | Balance of non-accrual loans or loans more | than 90 days past due | Aggregate unpaid principal balance in excess | of fair value for non-accrual loans or loans | more than 90 days past due |"}
{"_id": "d8ee84210", "title": "", "text": "| Year ended December 31, | 2005 | (in millions) | Operating Results: | Corporate Operations-1 | Real Estate and Relocation Services | Adjusted operating income | Realized investment gains (losses), net, and related adjustments(2) | Divested businesses-3 | Income (loss) from continuing operations before income taxes, extraordinary gain on acquisition and cumulative effect of accountingchange |"}
{"_id": "d8c8823d2", "title": "", "text": "Note 13: Employee Benefits Pension and Other Postretirement Benefits The Company maintains noncontributory defined benefit pension plans covering eligible employees of its regulated utility and shared services operations.\nBenefits under the plans are based on the employee’s years of service and compensation.\nThe pension plans have been closed for all employees.\nThe pension plans were closed for most employees hired on or after January 1, 2006.\nUnion employees hired on or after January 1, 2001 had their accrued benefit frozen and will be able to receive this benefit as a lump sum upon termination or retirement.\nUnion employees hired on or after January 1, 2001 and non-union employees hired on or after January 1, 2006 are provided with a 5.25% of base pay defined contribution plan.\nThe Company does not participate in a multiemployer plan.\nThe Company’s pension funding practice is to contribute at least the greater of the minimum amount required by the Employee Retirement Income Security Act of 1974 or the normal cost.\nFurther, the Company will consider additional contributions if needed to avoid “at risk” status and benefit restrictions under the Pension Protection Act of 2006.\nThe Company may also consider increased contributions, based on other financial requirements and the plans’ funded position.\nPension plan assets are invested in a number of actively managed and commingled funds including equity and bond funds, fixed income securities, guaranteed interest contracts with insurance companies, real estate funds and real estate investment trusts (“REITs”).\nPension expense in excess of the amount contributed to the pension plans is deferred by certain regulated subsidiaries pending future recovery in rates charged for utility services as contributions are made to the plans.\n(See Note 6) The Company also has unfunded noncontributory supplemental non-qualified pension plans that provide additional retirement benefits to certain employees."}
{"_id": "d883a39b4", "title": "", "text": "As of December 31, 2014 and 2013, our liabilities associated with unrecognized tax benefits are not material.\nWe and our subsidiaries file income tax returns in the U. S.  federal jurisdiction and various foreign jurisdictions.\nWith few exceptions, the statute of limitations is no longer open for U. S.  federal or non-U.\nS.  income tax examinations for the years before 2011, other than with respect to refunds.\nU. S.  income taxes and foreign withholding taxes have not been provided on earnings of $291 million, $222 million and $211 million that have not been distributed by our non-U.\nS.  companies as of December 31, 2014, 2013 and 2012.\nOur intention is to permanently reinvest these earnings, thereby indefinitely postponing their remittance to the U. S.  If these earnings had been remitted, we estimate that the additional income taxes after foreign tax credits would have been approximately $55 million in 2014, $50 million in 2013 and $45 million in 2012.\nOur federal and foreign income tax payments, net of refunds received, were $1.5 billion in 2014, $787 million in 2013 and $890 million in 2012.\nOur 2014 and 2013 net payments reflect a $200 million and $550 million refund from the IRS primarily attributable to our tax-deductible discretionary pension contributions during the fourth quarters of 2013 and 2012, and our 2012 net payments reflect a $153 million refund from the IRS related to a 2011 capital loss carryback."}
{"_id": "d8a2c363c", "title": "", "text": "In October 2010, we completed the acquisition of Hewitt, one of the world’s leading human resource consulting and outsourcing companies.\nHewitt operates globally together with Aon’s existing consulting and outsourcing operations under the newly created Aon Hewitt brand.\nHewitt’s operating results are included in Aon’s results of operations beginning October 1, 2010.\nOur HR Solutions segment generated approximately 40% of our consolidated total revenues in 2011 and provides a broad range of human capital services, as follows: ?\nHealth and Benefits advises clients about how to structure, fund, and administer employee benefit programs that attract, retain, and motivate employees.\nBenefits consulting includes health and welfare, executive benefits, workforce strategies and productivity, absence management, benefits administration, data-driven health, compliance, employee commitment, investment advisory and elective benefits services.\nEffective January 1, 2012, this line of business will be included in the results of the Risk Solutions segment.  ?\nRetirement specializes in global actuarial services, defined contribution consulting, investment consulting, tax and ERISA consulting, and pension administration.  ?\nCompensation focuses on compensatory advisory/counsel including: compensation planning design, executive reward strategies, salary survey and benchmarking, market share studies and sales force effectiveness, with special expertise in the financial services and technology industries.  ?\nStrategic Human Capital delivers advice to complex global organizations on talent, change and organizational effectiveness issues, including talent strategy and acquisition, executive on-boarding, performance management, leadership assessment and development, communication strategy, workforce training and change management.  ?\nBenefits Administration applies our HR expertise primarily through defined benefit (pension), defined contribution (401(k)), and health and welfare administrative services.\nOur model replaces the resource-intensive processes once required to administer benefit plans with more efficient, effective, and less costly solutions.  ?\nHuman Resource Business Processing Outsourcing (‘‘HR BPO’’) provides market-leading solutions to manage employee data; administer benefits, payroll and other human resources processes; and"}
{"_id": "d8bf90bfc", "title": "", "text": "| In millions 2015 2016 2017 2018 2019 Thereafter | Lease obligations | Purchase obligations (a) | Total |"}
{"_id": "d869d0834", "title": "", "text": "Commitments to extend credit generally have fixed expiration dates, are variable-rate, and contain clauses that permit Huntington to terminate or otherwise renegotiate the contracts in the event of a significant deterioration in the customers credit quality.\nThese arrangements normally require the payment of a fee by the customer, the pricing of which is based on prevailing market conditions, credit quality, probability of funding, and other relevant factors.\nSince many of these commitments are expected to expire without being drawn upon, the contract amounts are not necessarily indicative of future cash requirements.\nThe interest rate risk arising from these financial instruments is insignificant as a result of their predominantly short-term, variable-rate nature.\nStandby letters-of-credit are conditional commitments issued to guarantee the performance of a customer to a third-party.\nThese guarantees are primarily issued to support public and private borrowing arrangements, including commercial paper, bond financing, and similar transactions.\nMost of these arrangements mature within two years.\nThe carrying amount of deferred revenue associated with these guarantees was $8 million and $7 million at December 31, 2016 and December 31, 2015, respectively.\nCommercial letters-of-credit represent short-term, self-liquidating instruments that facilitate customer trade transactions and generally have maturities of no longer than 90 days."}
{"_id": "d8c22a188", "title": "", "text": "| Plant Location Ownership Net OwnedCapacity-1 Type | Rhode Island State Energy Center; 583 MW | Ritchie Unit 2; 544 MW | Independence Unit 2; 842 MW -2 | Top of Iowa; 80 MW -4 | White Deer; 80 MW -4 | RS Cogen; 425 MW -4 | Nelson 6; 550 MW |"}
{"_id": "d8b642bb8", "title": "", "text": "(a) Includes ineffectiveness and the components of hedging instruments that have been excluded from the assessment of hedge effectiveness.\nOver the next 12 months, it is expected that $124 million (aftertax) of net losses recorded in Other comprehensive income at December 31, 2003, will be recognized in earnings.\nThe maximum length of time over which forecasted transactions are hedged is 10 years, related to core lending and borrowing activities.\nIn 2001, the adoption of SFAS 133 resulted in an after-tax reduction to net income of $25 million and an after-tax reduction to Other comprehensive income of $36 million.\nDue to SFAS 133, JPMorgan Chase changed certain hedging strategies and elected not to designate some derivatives utilized to manage economic exposure as accounting hedges.\nFor example, to moderate its use of derivatives, the mortgage business began using AFS securities as economic hedges of mortgage servicing rights.\nChanges in the fair value of credit derivatives used to manage the Firms credit risk are recorded in Trading revenue because of the difficulties in qualifying such contracts as hedges of loans and commitments."}
{"_id": "d8ea6a102", "title": "", "text": "| December 31, (in billions) 2005 2004 | Consolidated VIE assets(a) | Investment securities(b) | Trading assets(c) | Loans | Interests in purchased receivables | Other assets | Total consolidated assets |"}
{"_id": "d88d8cc64", "title": "", "text": "| Payments Due by Period | (millions) | Notes payable | One-time transition tax | Long-term debt | Capital lease obligations | Operating leases | Interest* | Total | Volatility Factor | (Dollars in millions) | Risk free interest rate: | Less 50 basis points | Current weighted average rate -0.4% | Plus 50 basis points |"}
{"_id": "d86d9fe92", "title": "", "text": "Other.\nOther revenues decreased by $0.4 million or 29.6% to $1.1 million for the year ended December 31, 2009 from $1.5 million for the year ended December 31, 2008.\nThe 2008 other revenues included an insurance settlement and other income aggregating $0.4 million."}
{"_id": "d827f3e34", "title": "", "text": "We acquired Electronic Clearing House, Inc.  and Homestead Technologies Inc.  in fiscal 2008 and Digital Insight in fiscal 2007.\nSee Note 6.\nThese companies had federal net operating loss carryforwards at their respective dates of acquisition that totaled approximately $164 million.\nThe tax effects of these federal net operating loss carryforwards and other federal tax credit carryforwards totaled approximately $66 million.\nWe recorded the tax effects of these carryforwards as deferred tax assets at the respective dates of acquisition.\nThese carryforwards do not result in an income tax provision benefit, but they reduce income taxes payable and cash paid for income taxes as we utilize them.\nAt July 31, 2008, we had total federal net operating loss carryforwards of approximately $95.0 million that will expire starting in fiscal 2019.\nUtilization of the net operating losses is subject to annual limitation.\nThe annual limitation may result in the expiration of net operating losses before utilization.\nAt July 31, 2008, we had various state net operating loss and tax credit carryforwards for which we have recorded a deferred tax asset of $4.3 million.\nThe state net operating losses will expire starting in fiscal 2013.\nUtilization of the net operating losses is subject to annual limitation.\nThe annual limitation may result in the expiration of net operating losses before utilization."}
{"_id": "d8bc0f550", "title": "", "text": "CF INDUSTRIES HOLDINGS, INC.\nThe estimated net actuarial loss and prior service cost for the defined benefit pension plans that will be amortized from accumulated other comprehensive loss into net periodic benefit cost over the next fiscal year are $0.5 million and $0.1 million, respectively.\nThe estimated net actuarial loss and transition obligation for the retiree medical plans that will be amortized from accumulated other comprehensive loss into net periodic benefit cost over the next fiscal year are $0.1 million and $0.3 million, respectively.\nWe also have a defined contribution plan covering substantially all employees.\nUnder the plan, we contribute a fixed percentage of base salary to employees accounts and match employee contributions up to a specified limit.\nWe contributed $6.3 million, $6.0 million, and $5.7 million to the plan in 2007, 2006, and 2005, respectively.\nWe also have an Annual Incentive Plan.\nThe aggregate award under the plan is based on pre-determined targets for cash flow return on average gross capital employed.\nAwards are accrued during the year and paid in the first quarter of the subsequent year.\nWe recognized expense of $8.6 million, $6.1 million, and $6.4 million for this plan in 2007, 2006, and 2005, respectively.\nIn addition to our qualified defined benefit pension plans, we also maintain nonqualified supplemental pension plans for highly compensated employees as defined under federal law.\nWe also maintain a closed plan in which no current employees are eligible to participate.\nAs part of our application of SFAS No.158 for these plans, we recognized a net of tax charge to accumulated other comprehensive loss of $1.9 million at December 31, 2006.\nThe amounts recognized in accrued expenses and other noncurrent liabilities in our consolidated balance sheets for these plans were $1.0 million and $6.4 million in 2007 and $0.6 million and $7.9 million in 2006, respectively.\nWe recognized expense for these plans of $1.3 million, $1.4 million, and $1.0 million in 2007, 2006, and 2005, respectively.\nIn the third quarter of 2005, we paid $3.8 million to officers and certain members of senior management upon termination of a long term incentive plan and recorded expense in 2005 of $3.5 million for this plan.\nUnder the plan, participants were to receive a specified percentage of aggregate value created upon completion of a three-year performance measurement period as defined in the plan.\nValue created was based on specified return on equity targets.6."}
{"_id": "d86c665b2", "title": "", "text": "| (in millions, except per share data) 2008 2007 | Total net revenue | Income/(loss) before extraordinary gain | Net income/(loss) | Net income per common share data: | Basicearnings per share(a) | Income/(loss) before extraordinary gain | Net income/(loss) | Diluted earnings per share(a)(b) | Income/(loss) before extraordinary gain | Net income/(loss) | Average common shares issued and outstanding | Basic | Diluted |"}
{"_id": "d8cb1d7cc", "title": "", "text": "| 2010 2009 2008 | (Dollars in millions) | Earning assets | Time deposits placed and other short-term investments-1 | Federal funds sold and securities borrowed or purchased under agreements to resell | Trading account assets | Debt securities-2 | Loans and leases-3: | Residential mortgage-4 | Home equity | Discontinued real estate | U.S. credit card | Non-U.S.credit card | Direct/Indirect consumer-5 | Other consumer-6 | Total consumer | U.S. commercial | Commercial real estate-7 | Commercial lease financing | Non-U.S.commercial | Total commercial | Total loans and leases | Other earning assets | Total earning assets-8 | Cash and cash equivalents-1 | Other assets, less allowance for loan and lease losses | Total assets | Interest-bearing liabilities | U.S. interest-bearing deposits: | Savings | NOW and money market deposit accounts | Consumer CDs and IRAs | Negotiable CDs, public funds and other time deposits | Total U.S. interest-bearing deposits | Non-U.S.interest-bearing deposits: | Banks located innon-U.S.countries | Governments and official institutions | Time, savings and other | Totalnon-U.S.interest-bearing deposits | Total interest-bearing deposits | Federal funds purchased, securities loaned or sold under agreements to repurchase and other short-term borrowings | Trading account liabilities | Long-term debt | Total interest-bearing liabilities-8 | Noninterest-bearing sources: | Noninterest-bearing deposits | Other liabilities | Shareholders’ equity | Total liabilities and shareholders’ equity | Net interest spread | Impact of noninterest-bearing sources | Net interest income/yield on earning assets-1 |"}
{"_id": "d8ee34c06", "title": "", "text": "Property and Equipment Property and equipment is stated at cost.\nDepreciation is computed on the straight-line method over the estimated useful lives of the various classes of assets, which range from one to 40 years.\nRepairs and maintenance are charged to expense as incurred.\nGains or losses from the sale or retirement of property and equipment are included in operating income.\nResearch and Development Research and development costs, other than certain capitalized software development costs, are expensed as incurred.\nSoftware Development Costs Internally developed software costs required to be capitalized as defined by the accounting guidance were not material to the Company's consolidated financial statements in 2013, 2012 and 2011.  Business Combinations When the Company consummates an acquisition, the assets acquired and the liabilities assumed are recognized separately from goodwill, at their acquisition date fair values.\nGoodwill as of the acquisition date is measured as the excess of the fair value of consideration transferred over the net of the acquisition date fair values of the assets acquired and the liabilities assumed.\nWhile best estimates and assumptions are used to accurately value assets acquired and liabilities assumed at the acquisition date as well as contingent consideration, where applicable, the Company's estimates are inherently uncertain and subject to refinement.\nAs a result, during the measurement period, which may be up to one year from the acquisition date, the Company records adjustments to the assets acquired and liabilities assumed with the corresponding offset to goodwill based on refinements to information regarding what was known and knowable as of the acquisition date.\nUpon the earlier of the conclusion of the measurement period or final determination of the values of assets acquired or liabilities assumed, any subsequent adjustments are recorded in the consolidated statements of income.\nGoodwill and Other Intangible Assets Goodwill represents the excess of the consideration transferred over the fair value of net identifiable assets acquired.\nOther intangible assets consist of trademarks, customer lists, contract backlog, and acquired software and technology.\nIntangible assets that are not considered to have an indefinite useful life are amortized over their useful lives, which are generally three to 15 years.\nAmortization expense for intangible assets was $60.7 million, $67.3 million and $51.7 million for the years ended December 31, 2013, 2012 and 2011, respectively"}
{"_id": "d8cf59994", "title": "", "text": "The Company established a defined contribution plan (the “401(k) Plan”) to provide retirement benefits for employees that meet minimum employment criteria.\nThe Company matches dollar for dollar up to the first 3% of eligible compensation that a participant contributes to the 401(k) Plan.\nParticipants are vested in the Company’s contributions over five years.\nThe Company recognized an expense in the amount of $4.0 million, $3.5 million and $3.8 million for the years ended December 31, 2010, 2009 and 2008, respectively.\nThe Company may also elect to make an annual discretionary profit-sharing contribution as a percentage of each individual employee’s eligible compensation under the 401(k) Plan.\nThe Company did not make a contribution for the years ended December 31, 2010, 2009 and 2008 and as such, no expense was recognized in these years.\nThe Company established a supplemental executive retirement plan (the “SERP”) to provide certain officers and trustees an opportunity to defer a portion of their eligible compensation in order to save for retirement.\nThe SERP is restricted to investments in Company Common Shares, certain marketable securities that have been specifically approved and cash equivalents.\nThe deferred compensation liability represented in the SERP and the securities issued to fund such deferred compensation liability are consolidated by the Company and carried on the Company’s balance sheet, and the Company’s Common Shares held in the SERP are accounted for as a reduction to paid in capital.16.\nDistribution Reinvestment and Share Purchase Plan On November 3, 1997, the Company filed with the SEC a Form S-3 Registration Statement to register 14,000,000 Common Shares pursuant to a Distribution Reinvestment and Share Purchase Plan (the “DRIP Plan”).\nThe registration statement was declared effective on November 25, 1997.\nThe remaining shares available for issuance under the 1997 registration lapsed in December 2008.\nOn December 16, 2008, the Company filed with the SEC a Form S-3 Registration Statement to register 5,000,000 Common Shares under the DRIP Plan.\nThe registration statement was automatically declared effective the same day and expires at the earlier of the date in which all 5,000,000 shares have been issued or December 15, 2011.\nThe Company has 4,905,736 Common Shares available for issuance under the DRIP Plan at December 31, 2010.\nThe DRIP Plan provides holders of record and beneficial owners of Common Shares and Preferred Shares with a simple and convenient method of investing cash distributions in additional Common Shares (which is referred to herein as the “Dividend Reinvestment – DRIP Plan”).\nCommon Shares may also be purchased on a monthly basis with optional cash payments made by participants in the DRIP Plan and interested new investors, not currently shareholders of the Company, at the market price of the Common Shares less a discount ranging between 0% and 5%, as determined in accordance with the DRIP Plan (which is referred to herein as the “Share Purchase – DRIP Plan”).\nCommon Shares purchased under the DRIP Plan may, at the option of the Company, be directly issued by the Company or purchased by the Company’s transfer agent in the open market using participants’ funds.\nremaining service period of active members expected to receive benefits under the plan or, in the case of closed plans, the expected future lifetime of the employees participating in the plan.\nFor the years ended December 31, 2018 and 2017, the service cost component of net periodic benefit cost was classified in Selling, general and administrative expenses, while the other components of net periodic benefit cost were classified in Other income, net in our Consolidated Statements of Income.\nFor the year ended December 31, 2016, all components of net periodic benefit expense were included in Selling, general, and administrative expenses in our Consolidated Statements of Income.\nFor the year ending December 31, 2019, we expect net periodic benefit costs to increase by approximately $2 million due to the fact that we will incur a full year of pension expense related to our Stahlgruber business, compared to a partial year in 2018.\nThe table below summarizes the weighted-average assumptions used to calculate the net periodic benefit cost in the table above:"}
{"_id": "d8c2f11fc", "title": "", "text": "CC&V, USA.\nGold production increased 14% primarily due to a full year of ore placement at the Valley Leach Fill 2 leach pad and higher mill throughput.\nCosts applicable to sales per ounce increased 13% primarily due to higher processing costs.\nDepreciation and amortization per ounce decreased 1% primarily due to higher ounces sold.\nAll-in sustaining cost per ounce increased 16% primarily due to higher costs applicable to sales per ounce and higher sustaining capital."}
{"_id": "d8d064910", "title": "", "text": "| Percentages of Related Revenues Fiscal Year Ended September 30, | 2010 | Gross profit — Home sales | Gross profit — Land/lot sales | Effect of inventory impairments and land option cost write-offs ontotal homebuilding gross profit | Gross profit — Total homebuilding | Selling, general and administrative expense | Interest expense | Loss (gain) on early retirement of debt, net | Other (income) | Income (loss) before income taxes |"}
{"_id": "d8b0de302", "title": "", "text": "Significant 2007 Acquisitions"}
{"_id": "d82f20a86", "title": "", "text": "| Notional amount of protectionpurchased and sold(a) | December 31, (in millions) | Credit derivatives used to manage: | Loans and lending-related commitments | Derivative receivables | Total net protection purchased | Total net protection sold | Credit Portfolio Management derivatives net notional |"}
{"_id": "d8d29593c", "title": "", "text": "Purchase Commitments In the table below, we set forth our enforceable and legally binding purchase obligations as of December 31, 2013.\nSome of the amounts included in the table are based on managements estimates and assumptions about these obligations, including their duration, the possibility of renewal, anticipated actions by third parties, and other factors.\nBecause these estimates and assumptions are necessarily subjective, our actual payments may vary from those reflected in the table.\nPurchase orders made in the ordinary course of business are excluded from the table below.\nAny amounts for which we are liable under purchase orders are reflected on the Consolidated Balance Sheets as accounts payable and accrued liabilities.\nThese obligations relate to various purchase agreements for items such as minimum amounts of fiber and energy purchases over periods ranging from one to 15 years.\nTotal purchase commitments are as follows (dollars in thousands):"}
{"_id": "d8aa64530", "title": "", "text": "The fair value of cash and cash equivalents, notes and accounts receivable and notes and accounts payable are not materially different from their carrying amounts.\nThe fair value of Xcel Energys nuclear decommissioning fund is based on published trading data and pricing models, generally using the most observable inputs available for each class of security.\nThe fair values of Xcel Energys other investments are estimated based on quoted market prices for those or similar investments.\nThe fair values of Xcel Energys long-term debt is estimated based on the quoted market prices for the same or similar issues, or the current rates for debt of the same remaining maturities and credit quality.\nThe fair value estimates presented are based on information available to management as of Dec.  31, 2009 and 2008.\nThese fair value estimates have not been comprehensively revalued for purposes of these consolidated financial statements since that date, and current estimates of fair values may differ significantly.\nGuarantees  Xcel Energy provides guarantees and bond indemnities supporting certain subsidiaries.\nThe guarantees issued by Xcel Energy guarantee payment or performance by its subsidiaries under specified agreements or transactions.\nAs a result, Xcel Energys exposure under the guarantees is based upon the net liability of the relevant subsidiary under the specified agreements or transactions.\nMost of the guarantees issued by Xcel Energy limit the exposure of Xcel Energy to a maximum amount stated in the guarantees.\nOn Dec.  31, 2009 and 2008, Xcel Energy had issued guarantees of up to $76.4 million and $67.5 million, respectively, with $18.0 million and $18.2 million of known exposure under these guarantees, respectively.\nIn addition, Xcel Energy provides indemnity protection for bonds issued for itself and its subsidiaries.\nThe total amount of bonds with this indemnity outstanding as of Dec.  31, 2009 and 2008, was approximately $29.9 million and $27.9 million, respectively.\nThe total exposure of this indemnification cannot be determined at this time.\nXcel Energy believes the exposure to be significantly less than the total amount of bonds outstanding.\nGiven the similarity of the regulated electric utility operations of its utility subsidiaries, and the similarity of the regulated natural gas utility operations of its utility subsidiaries, Xcel Energy has the following reportable segments: regulated electric utility, regulated natural gas utility and all other.  ?\nXcel Energys regulated electric utility segment generates, transmits, and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas, and New Mexico.\nIn addition, this segment includes sales for resale and provides wholesale transmission service to various entities in the United States.\nRegulated electric utility also includes commodity trading operations.  ?\nXcel Energys regulated natural gas utility segment transports, stores and distributes natural gas primarily in portions of Minnesota, Wisconsin, North Dakota, Michigan and Colorado.\nRevenues from operating segments not included above are below the necessary quantitative thresholds and are therefore included in the all other category.\nThose primarily include steam revenue, appliance repair services, nonutility real estate activities, revenues associated with processing solid waste into refuse-derived fuel and investments in rental housing projects that qualify for low-income housing tax credits.\nTo report income from continuing operations for regulated electric and regulated natural gas utility segments, Xcel Energy must assign or allocate all costs and certain other income.\nIn general, costs are: ?\nDirectly assigned wherever applicable; ?\nAllocated based on cost causation allocators wherever applicable; and ?\nAllocated based on a general allocator for all other costs not assigned by the above two methods.\nThe accounting policies of the segments are the same as those described in Note 1 to the consolidated financial statements."}
{"_id": "d893bfc4e", "title": "", "text": "| Year Ended December 31, | 2010 | Yield-1 | ($ in millions) | Fixed maturities | Trading account assets supporting insurance liabilities | Equity securities | Commercial mortgage and other loans | Policy loans | Short-term investments and cash equivalents | Other investments | Gross investment income before investment expenses | Investment expenses | Total investment income |"}
{"_id": "d89cb9994", "title": "", "text": "Goodwill and Intangible Asset Impairment Charge During the third quarter of fiscal year 2017, we determined that the goodwill and indefinite-lived intangible assets (primarily acquired trade names) associated with our Latin America reporting unit of our Industrial Gases – Americas segment were impaired.\nWe recorded a noncash impairment charge of $162.1 ($154.1 attributable to Air Products, after-tax, or $.70 per share), which was driven by lower economic growth and profitability in the region.\nThis impairment charge has been excluded from segment results.\nRefer to Note 10, Goodwill, and Note 11, Intangible Assets, to the consolidated financial statements for additional information."}
{"_id": "d8740b894", "title": "", "text": "Note 19.\nRBH Legal Settlement:On July 31, 2008, Rothmans Inc.  (\"Rothmans\") announced the finalization of a CAD 550 million settlement (or approximately $540 million, based on the prevailing exchange rate at that time) between itself and Rothmans, Benson & Hedges Inc.  (\"RBH\"), on the one hand, and the Government of Canada and all 10 provinces, on the other hand.\nThe settlement resolved the Royal Canadian Mounted Police's investigation relating to products exported from Canada by RBH during the 1989-1996 period.\nRothmans' sole holding was a 60% interest in RBH.\nThe remaining 40% interest in RBH was owned by PMI."}
{"_id": "d8c367532", "title": "", "text": "| Year ended December 31, (in millions) 2013 2012 2011 | Trading assets – debt and equity instruments | Trading assets – derivative receivables | Trading liabilities – debt and equity instruments(a) | Trading liabilities – derivative payables |"}
{"_id": "d8df83b1c", "title": "", "text": "| 2008 2007 2006 | Interest and other income, net: | Interest income | Foreign exchange losses | Fixed income investment gains and (losses), net | Other | Interest and other income, net | Interest expense | Investment gains and (losses), net: | Realized investment gains | Unrealized investment gains | Realized investment losses | Unrealized investment losses | Investment gains and (losses), net | Total non-operating income, net |"}
{"_id": "d8c2f1198", "title": "", "text": "Twin Creeks, USA.\nGold production decreased 17% due to lower ore grade mined, lower mill throughput at the Juniper mill due to harder ore and lower ore grades processed at the Sage mill to optimize recovery rates.\nCosts applicable to sales per ounce increased 17% due to lower ounces sold and higher stockpile and leach pad inventory adjustments.\nDepreciation and amortization per ounce increased 52% primarily due to lower ounces sold and higher stockpile and leach pad inventory adjustments.\nAll-in sustaining costs per ounce increased 20% due to higher costs applicable to sales per ounce and higher sustaining capital spend."}
{"_id": "d827ba65c", "title": "", "text": "| Period Number of Shares Purchased -1 Average Price Per Share | July 1, 2007 – July 31, 2007 | August 1, 2007 – August 31, 2007 | September 1, 2007 – September 30, 2007 | Total |"}
{"_id": "d87040138", "title": "", "text": "ITEM 1B.\nUnresolved Staff Comments.\nNone."}
{"_id": "d863152e2", "title": "", "text": "Related Party In February 2012, the Company completed a registered underwritten secondary public offering of 3,597,333 shares of common stock held by JPM.\nThe Company did not receive any of the proceeds of the offering.\nIn addition, the Company repurchased 1,821,730 shares of non-voting common stock held by JPM.\nImmediately following the offering, JPM no longer held shares of common stock in the Company and is no longer considered a related party.\nThe Company generated commissions, technology products and services revenues, information and user access fees, investment income and other income from JPM totaling $1.6 million for the two months ended February 28, 2012.16."}
{"_id": "d85fb4544", "title": "", "text": "Lorillard Lorillard and other cigarette manufacturers continue to be confronted with substantial litigation.\nPlaintiffs in most of the cases seek unspecified amounts of compensatory damages and punitive damages, although some seek damages ranging into the billions of dollars.\nPlaintiffs in some of the cases seek treble damages, statutory damages, disgorgement of profits, equitable and injunctive relief, and medical monitoring, among other damages.\nLorillard believes that it has valid defenses to the cases pending against it.\nLorillard also believes it has valid bases for appeal of the adverse verdicts against it.\nTo the extent we are a defendant in any of the lawsuits, we believe that we are not a proper defendant in these matters and have moved or plan to move for dismissal of all such claims against us.\nWhile Lorillard intends to defend vigorously all tobacco products liability litigation, it is not possible to predict the outcome of any of this litigation.\nLitigation is subject to many uncertainties, and it is possible that some of these actions could be decided unfavorably.\nLorillard may enter into discussions in an attempt to settle particular cases if it believes it is appropriate to do so.\nExcept for the impact of the State Settlement Agreements and Scott as described above, as described below, we are unable to make a meaningful estimate of the amount or range of loss that could result from an unfavorable outcome of"}
{"_id": "d8991345c", "title": "", "text": "| Fiscal Year | 2010 | Revenue | Product | Services | Ratable product and services | Total revenue | Total cost of revenue | Total gross profit | Operating expenses | Research and development | Sales and marketing | General and administrative | Total operating expenses | Operating income | Interest income | Other income (expense), net | Income before provision for income taxes | Provision for (benefit from) income taxes | Net income |"}
{"_id": "d88453c88", "title": "", "text": "| December 31, 2009 December 31, 2008 | Carrying amount | ($ in millions) | Fixed maturity securities: | Public | Private | Equity securities | Mortgage loans: | Commercial | Residential | Real estate held for sale | Real estate held for investment | Policy loans | Other investments | Total invested assets | Cash and cash equivalents | Total invested assets and cash | For the year ended December 31, | 2009 | Yield | ($ in millions) | Fixed maturity securities | Equity securities | Mortgage loans — commercial | Mortgage loans — residential | Real estate | Policy loans | Cash and cash equivalents | Other investments | Total before investment expenses | Investment expenses | Net investment income |"}
{"_id": "d8c3bff0c", "title": "", "text": "The discount rate assumption was determined for the pension and postretirement benefit plans independently.\nAt year-end 2011, the Company began using an approach that approximates the process of settlement of obligations tailored to the plans expected cash flows by matching the plans cash flows to the coupons and expected maturity values of individually selected bonds.\nThe yield curve was developed for a universe containing the majority of U. S. -issued AA-graded corporate bonds, all of which were non callable (or callable with make-whole provisions).\nHistorically, for each plan, the discount rate was developed as the level equivalent rate that would produce the same present value as that using spot rates aligned with the projected benefit payments.\nThe expected long-term rate of return on plan assets is based on historical and projected rates of return, prior to administrative and investment management fees, for current and planned asset classes in the plans investment portfolios.\nAssumed projected rates of return for each of the plans projected asset classes were selected after analyzing historical experience and future expectations of the returns and volatility of the various asset classes.\nBased on the target asset allocation for each asset class, the overall expected rate of return for the portfolio was developed, adjusted for historical and expected experience of active portfolio management results compared to the benchmark returns and for the effect of expenses paid from plan assets.\nThe Companys pension expense increases as the expected return on assets decreases.\nIn the determination of year end 2014 projected benefit plan obligations, the Company adopted a new table based on the Society of Actuaries RP 2014 mortality table including a generational BB-2D projection scale.\nThe adoption resulted in a significant increase to pension and other postretirement benefit plans projected benefit obligations.\nAssumed health care cost trend rates have a significant effect on the amounts reported for the other postretirement benefit plans.\nThe health care cost trend rate is based on historical rates and expected market conditions.\nA one-percentage-point change in assumed health care cost trend rates would have the following effects:"}
{"_id": "d899e3ca6", "title": "", "text": "The change in liabilities for pre-existing warranties was $49.3 million and $30.0 million in fiscal 2018 and 2017, respectively.\nThese amounts reflect the Company’s ongoing efforts to improve its customer service and relations, which in many cases results in the performance of warranty service after the original warranty period has expired.\nThe Company has increased the amount of its warranties issued as a percentage of home cost of sales to reflect this increase in warranty costs."}
{"_id": "d88bf52e8", "title": "", "text": "| Year Ended December 31, 2009 (In millions) | Balance, beginning of year | Total realized/unrealized gains (losses) included in: | Earnings | Purchases, sales, issuances and settlements | Transfer in and/or out of Level 3 | Balance, end of year |"}
{"_id": "d894208c8", "title": "", "text": "Expense allocation Where business segments use services provided by support units within the Firm, the costs of those support units are allocated to the business segments.\nThose expenses are allocated based upon their actual cost or the lower of actual cost or market, as well as upon usage of the services provided.\nIn con- trast, certain other expenses related to certain corporate functions, or to c tain technology and operations, are not allocated to the business segments and are retained in Corporate.\nThese retained expenses include: parent com- pany costs that would not be incurred if the segments were stand-alone busi- nesses; adjustments to align certain corporate staff, technology and opera- tions allocations with market prices; and other one-time items not aligned with the business segments.\nDuring 2005, the Firm refined cost allocation methodologies related to certain corporate, technology and operations expenses in order to improve transparen- cy, consistency and accountability with regard to costs allocated across business segments.\nPrior periods were not revised to reflect this methodology change."}
{"_id": "d87e2e592", "title": "", "text": "Total Corporation investment banking fees of $6.1 billion, excluding self-led deals, included within Global Banking and Global Markets, remained relatively unchanged in 2014 compared to 2013 as strong investment-grade underwriting and advisory fees were offset by lower underwriting fees for other debt products."}
{"_id": "d8f177292", "title": "", "text": "| Average volume Interest revenue % Average rate | In millions of dollars | Assets | Deposits with banks-5 | Federal funds sold and securities borrowed or purchased under agreements to resell-6 | In U.S. offices | In offices outside the U.S.-5 | Total | Trading account assets-7(8) | In U.S. offices | In offices outside the U.S.-5 | Total | Investments | In U.S. offices | Taxable | Exempt from U.S. income tax-1 | In offices outside the U.S.-5 | Total | Loans (net of unearned income)(9) | Consumer loans | In U.S. offices | In offices outside the U.S.-5 | Total consumer loans | Corporate loans | In U.S. offices | In offices outside the U.S.-5 | Total corporate loans | Total loans | Other interest-earning assets | Total interest-earning assets | Non-interest-earning assets-7 | Total assets from discontinued operations | Total assets |"}
{"_id": "d8bac1dba", "title": "", "text": "| Balance as of   December 31,   2002 New   Expansions   Undertaken Landfills   Acquired or   Divested,   Net Permits Granted, Net of Closures Airspace Consumed Changes in Engineering Estimates Changes   in   Design Balance as of   December 31,   2003 | Permitted airspace: | Cubic yards (in millions) | Number of sites | Probable expansion airspace: | Cubic yards (in millions) | Number of sites | Total available airspace: | Cubic yards (in millions) | Number of sites | Balance as of   December 31,   2003 | Permitted airspace: | Cubic yards (in millions) | Number of sites | Probable expansion airspace: | Cubic yards (in millions) | Number of sites | Total available airspace: | Cubic yards (in millions) | Number of sites | Balance as of   December 31,   2004 | Permitted airspace: | Cubic yards (in millions) | Number of sites | Probable expansion airspace: | Cubic yards (in millions) | Number of sites | Total available airspace: | Cubic yards (in millions) | Number of sites |"}
{"_id": "d88291fa8", "title": "", "text": "Performance Share Awards Performance share awards are granted under the LTIP with the 2012 performance share awards being settled in 50% common stock and 50% cash over the three-year vesting term.\nThe 2011 performance share awards are being settled entirely in common stock over the three-year vesting term.\nThe performance shares granted prior to 2011 generally vest and settle over a three-year period with the holders receiving shares of common stock and/or cash annually during the vesting period.\nThese awards are recorded at fair value at the date of grant with the estimated grant date fair value based on the expected payout of the award, which may range from 75% to 125% of the payout target.\nThe common stock portion is considered an equity award with the 75% payout floor being valued based on Exelons stock price on the grant date.\nThe cash portion of the award is considered a liability award with the 75% payout floor being remeasured each reporting period based on Exelons current stock price.\nThe expected payout in excess of the 75% floor for the equity and liability portions are remeasured each reporting period based on Exelons current stock price and changes in the expected payout of the award; therefore these portions of the award are subject to volatility until the payout is established.\nIn 2010, the number of performance shares granted was determined based on the performance of Exelons common stock relative to certain stock market indices during the three-year period through the end of the year of grant.\nThese performance share awards generally vest and settle over a three-year period.\nThe holders of these performance share awards receive shares of common stock and/or cash annually during the vesting period.\nParticipants are eligible for partial or full distributions in cash if they meet certain stock ownership requirements.\nThe 2010 performance share awards that were settled in stock were recorded as common stock within the Consolidated Balance Sheets and recorded at fair value at the date of grant.\nThe grant date fair value of equity classified performance share awards granted during the year ended 2010 was estimated using historical data for the previous two plan years and a Monte Carlo simulation model for the current plan year.\nThis model requires assumptions regarding Exelons total shareholder return relative to certain stock market indices and the stock beta and volatility of Exelons common stock and all stocks represented in these indices.\nVolatility for Exelon and all comparable companies is based on historical volatility over one year using daily stock price observation.\nThe 2010 performance share awards that were settled in cash were recorded as liabilities within the Consolidated Balance Sheets.\nThe grant date fair value of liability classified performance share awards granted during the year ended 2010 was based on historical data for the previous two plan years and actual results for the current plan year.\nThe liabilities were remeasured each reporting period throughout the requisite service period and as a result, the compensation costs for cash-settled awards were subject to volatility.\nFor non retirement-eligible employees, stock-based compensation costs are recognized over the vesting period of three years using the graded-vesting method, a method in which the compensation cost is recognized over the requisite service period for each separately vesting tranche of the award as though the award were multiple awards.\nFor performance shares granted to retirementeligible employees, the value of the performance shares is recognized ratably over the vesting period which is the year of grant."}
{"_id": "d89eaf3f2", "title": "", "text": "| December 31 | (Dollars in millions) | Consumer | Residential mortgage-2 | Home equity | Discontinued real estate-3 | U.S. credit card | Non-U.S.credit card | Direct/Indirect consumer-4 | Other consumer-5 | Total consumer | Commercial | U.S. commercial-6 | Commercial real estate-7 | Commercial lease financing | Non-U.S.commercial | Total commercial loans | Commercial loans measured at fair value-8 | Total commercial | Total loans and leases |"}
{"_id": "d8b39b2a2", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Managements Discussion and Analysis Commissions and fees in the consolidated statements of earnings were $3.20 billion for 2018, 5% higher than 2017, reflecting an increase in our listed cash equity and futures volumes, generally consistent with market volumes.\nMarket making revenues in the consolidated statements of earnings were $9.45 billion for 2018, 23% higher than 2017, due to significantly higher revenues in equity products, interest rate products and commodities.\nThese increases were partially offset by significantly lower results in mortgages and lower revenues in credit products.\nOther principal transactions revenues in the consolidated statements of earnings were $5.82 billion for 2018, 2% lower than 2017, reflecting net losses from investments in public equities compared with net gains in the prior year, partially offset by significantly higher net gains from investments in private equities, driven by company-specific events, including sales, and corporate performance.\nNet Interest Income.\nNet interest income in the consolidated statements of earnings was $3.77 billion for 2018, 28% higher than 2017, reflecting an increase in interest income primarily due to the impact of higher interest rates on collateralized agreements, other interest-earning assets and deposits with banks, increases in total average loans receivable and financial instruments owned, and higher yields on financial instruments owned and loans receivable.\nThe increase in interest income was partially offset by higher interest expense primarily due to the impact of higher interest rates on other interest-bearing liabilities, collateralized financings, deposits and long-term borrowings, and increases in total average long-term borrowings and deposits.\nSee Statistical Disclosures  Distribution of Assets, Liabilities and Shareholders Equity for further information about our sources of net interest income.2017 versus 2016 Net revenues in the consolidated statements of earnings were $32.73 billion for 2017, 6% higher than 2016, due to significantly higher other principal transactions revenues, and higher investment banking revenues, investment management revenues and net interest income.\nThese increases were partially offset by significantly lower market making revenues and lower commissions and fees.\nNon-Interest Revenues.\nInvestment banking revenues in the consolidated statements of earnings were $7.37 billion for 2017, 18% higher than 2016.\nRevenues in financial advisory were higher compared with 2016, reflecting an increase in completed mergers and acquisitions transactions.\nRevenues in underwriting were significantly higher compared with 2016, due to significantly higher revenues in both debt underwriting, primarily reflecting an increase in industry-wide leveraged finance activity, and equity underwriting, reflecting an increase in industry-wide secondary offerings.\nInvestment management revenues in the consolidated statements of earnings were $5.80 billion for 2017, 7% higher than 2016, due to higher management and other fees, reflecting higher average assets under supervision, and higher transaction revenues.\nCommissions and fees in the consolidated statements of earnings were $3.05 billion for 2017, 5% lower than 2016, reflecting a decline in our listed cash equity volumes in the U. S.  Market volumes in the U. S.  also declined.\nMarket making revenues in the consolidated statements of earnings were $7.66 billion for 2017, 23% lower than 2016, due to significantly lower revenues in commodities, currencies, credit products, interest rate products and equity derivative products.\nThese results were partially offset by significantly higher revenues in equity cash products and significantly improved results in mortgages.\nOther principal transactions revenues in the consolidated statements of earnings were $5.91 billion for 2017, 75% higher than 2016, primarily reflecting a significant increase in net gains from private equities, which were positively impacted by company-specific events and corporate performance.\nIn addition, net gains from public equities were significantly higher, as global equity prices increased during the year.\nNet Interest Income.\nNet interest income in the consolidated statements of earnings was $2.93 billion for 2017, 13% higher than 2016, reflecting an increase in interest income primarily due to the impact of higher interest rates on collateralized agreements, higher interest income from loans receivable due to higher yields and an increase in total average loans receivable, an increase in total average financial instruments owned, and the impact of higher interest rates on other interest-earning assets and deposits with banks.\nThe increase in interest income was partially offset by higher interest expense primarily due to the impact of higher interest rates on other interest-bearing liabilities, an increase in total average long-term borrowings, and the impact of higher interest rates on interest-bearing deposits, short-term borrowings and collateralized financings.\nSee Statistical Disclosures  Distribution of Assets, Liabilities and Shareholders Equity for further information about our sources of net interest income.\nProvision for Credit Losses Provision for credit losses consists of provision for credit losses on loans receivable and lending commitments held for investment.\nSee Note 9 to the consolidated financial statements for further information about the provision for credit losses.\nThe table below presents the provision for credit losses"}
{"_id": "d8b2ec874", "title": "", "text": "| Fiscal Year | In Millions, Except per Share Data | Net earnings attributable to General Mills | Average number of common shares—basic EPS | Incremental share effect from: (a) | Stock options | Restricted stock, restricted stock units, and other | Average number of common shares—diluted EPS | Earnings per share—basic | Earnings per share—diluted |"}
{"_id": "d8ba699bc", "title": "", "text": "| Year Triple-net Leased Operating Properties Total | 2006 | 2007 | 2008 | 2009 | 2010 | Thereafter | Total |"}
{"_id": "d8d7205ce", "title": "", "text": "| (Dollars in millions) Fiscal2015 Fiscal2014 Fiscal2013 2015-2014% Change 2014-2013% Change | Product revenue | Service and other revenue | Total segment revenue | % of total revenue | Segment operating income | % of related revenue |"}
{"_id": "d87d418fa", "title": "", "text": "Premiums.\nGross written premiums decreased by 1.0% to $2,125.8 million in 2016 from $2,147.9 million in 2015, primarily due to a decrease in treaty property business, partially offset by an increase in treaty casualty business.\nNet written premiums increased by 6.2% to $1,970.6 million in 2016 compared to $1,855.9 million in 2015.\nThe difference between the change in gross written premiums compared to the change in net written premiums is primarily due to the assumption of the crop business due to the sale of Heartland and a concurrent new crop reinsurance contract.\nPremiums earned increased 6.1% to $2,072.2 million in 2016, compared to $1,952.7 million in 2015.\nThe change in premiums earned relative to net written premiums is primarily the result of timing; premiums are earned ratably over the coverage period whereas written premiums are recorded at the initiation of the coverage period.\nGross written premiums decreased by 0.3% to $2,147.9 million in 2015 from $2,154.5 million in 2014, primarily due to a decrease in treaty casualty business resulting from the cancellation of some contracts.\nNet written premiums decreased by 6.4% to $1,855.9 million in 2015 compared to $1,983.8 million in 2014.\nThe difference between the change in gross written premiums compared to the change in net written premiums was due to a higher utilization of reinsurance.\nPremiums earned decreased 1.7% to $1,952.7 million in 2015 compared to $1,986.8 million in 2014.\nThe change in premiums earned relative to net written premiums is primarily the result of timing; premiums are earned ratably over the coverage period whereas written premiums are recorded at the initiation of the coverage period."}
{"_id": "d86b2258e", "title": "", "text": "| As of December 31, 2012 | Securities | Assets accounted for at fair value on a recurring basis | CMBS | Corporate [3] | Municipal | RMBS | Constant prepayment rate | Constant default rate | Loss severity |"}
{"_id": "d8ca1cd8c", "title": "", "text": "| Property Name Interest Rate Face Amount Annual Debt Service -1 Maturity Date | Woodfield Mall | Yeoju Premium Outlets | Total Joint Venture Secured Indebtedness at Face Value | TMLP Indebtedness at Face Value | Total Joint Venture and TMLP Indebtedness at Face Value | Premium on Indebtedness | Debt Issuance Costs | Total Joint Venture Indebtedness | Our Share of Joint Venture Indebtedness |"}
{"_id": "d89e99520", "title": "", "text": "The Company issued 35,000, 115,485 and 39,900 performance-based restricted stock awards during 2016, 2015 and 2014, respectively.\nOf the cumulative performance-based restricted stock awards issued, defined operating metrics were assigned to 63,462, 51,795 and 20,667 awards with grant-date fair values of $84.61, $86.38 and $81.52 during 2016, 2015 and 2014, respectively.\nThe grant-date fair value of the awards is being recorded from the grant date through the conclusion of the measurement period associated with each operating metric based on management's estimates concerning the probability of vesting.\nAs of December 31, 2016, 7,625 units of the total 2014 awards granted were earned and will be issued in 2017.\nTotal compensation expense associated with the awards recorded for the years ended December 31, 2016, 2015 and 2014 was $0.4 million, $0.4 million and $0.1 million, respectively.\nIn addition, in 2016, 2015 and 2014, the Company granted restricted stock units of 488,622, 344,500 and 364,150, respectively, that will vest over a three- or four-year period with weighted-average grant-date fair values of $88.51, $86.34 and $82.13, respectively.\nDuring 2016 and 2015, 162,019 and 85,713 shares vested and were released, respectively.\nAs of December 31, 2016, 2015 and 2014, 838,327, 571,462 and 344,750 units were outstanding, respectively.\nTotal compensation expense is being recorded over the service period and was $19.1 million, $12.5 million and $5.8 million for the years ended December 31, 2016, 2015 and 2014, respectively.\nIn conjunction with a 2015 acquisition, ANSYS issued 68,451 shares of replacement restricted stock with a weighted-average grant-date fair value of $90.48.\nOf the $6.2 million grant-date fair value, $3.5 million, related to partially vested awards, was recorded as non-cash purchase price consideration.\nThe remaining fair value will be recognized as stock compensation expense through the conclusion of the service period.\nDuring the years ended December 31, 2016 and 2015, the Company recorded $1.2 million and $0.6 million, respectively, of stock compensation expense related to these awards.\nIn conjunction with a 2011 acquisition, the Company granted performance-based restricted stock awards.\nVesting was determined based on the achievements of certain revenue and operating income targets of the entity post-acquisition.\nTotal compensation expense associated with the awards recorded for the year ended December 31, 2014 was $4.7 million.\nThe Company has granted deferred stock awards to non-affiliate Independent Directors, which are rights to receive shares of common stock upon termination of service as a Director.\nIn 2015 and prior, the deferred stock awards were granted quarterly in arrears and vested immediately upon grant.\nAssociated with these awards, the Company established a non-qualified 409(a) deferred compensation plan with assets held under a rabbi trust to provide Directors an opportunity to diversify their vested awards.\nDuring open trading windows and at their elective option, the Directors may convert their Company shares into a variety of non-Company-stock investment options in order to diversify their holdings.\nAs of December 31, 2016, 5,000 shares have been diversified and 184,099 undiversified deferred stock awards have vested with the underlying shares remaining unissued until the service termination of the respective Director owners.\nIn May 2016, the Company granted 38,400 deferred stock awards which will vest in full on the one-year anniversary of the grant.\nTotal compensation expense associated with the awards recorded for the years ended December 31, 2016, 2015 and 2014 was $1.9 million, $4.0 million and $3.5 million, respectively.\n17.\nUnconditional Purchase Obligations The Company has entered into various unconditional purchase obligations which primarily include software licenses and longterm purchase contracts for network, communication and office maintenance services.\nThe Company expended $7.2 million, $5.3 million and $2.9 million related to unconditional purchase obligations that existed as of the beginning of each year for the years ended December 31, 2016, 2015 and 2014, respectively.\nFuture expenditures under unconditional purchase obligations in effect as of December 31, 2016 are as follows:"}
{"_id": "d867a3714", "title": "", "text": "| Plan category Number of Securities to be Issued Upon Exercise of Outstanding Options, Warrants and Rights-1(a)(b) Weighted-Average Exercise Price of Outstanding Options,Warrants and Rights-2 Number of Securities Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding SecuritiesReflected in Column (a)) (c) | Equity compensation plans approved by security holders | Equity compensation plans not approved by security holders-3 | Total |"}
{"_id": "d87be6f78", "title": "", "text": "| December 31, | Company/Index | O’Reilly Automotive, Inc. | S&P 500 Retail Index | S&P 500 | Years ended December 31, | (In thousands, except per share, Team Members, stores and ratio data) | BALANCE SHEET DATA: | Working capital (g)($) | Total assets (g)($) | Inventory turnover (h) | Accounts payable to inventory (i) | Current portion of long-term debt and short-term debt ($) | Long-term debt, less current portion (g)($) | Shareholders’ equity ($) | CASH FLOW DATA: | Cash provided by operating activities ($) | Capital expenditures ($) | Free cash flow (j)($) | (millions) | Beginning balance | Bad debt expense | Write-offs | Other (a) | Ending balance | Payments Due by Future Period | Total | (in thousands) | Operating leases (Note 13) | Long-term debt including current portion (Note 6) | Interest on long-term debt -1 |"}
{"_id": "d8e6b834c", "title": "", "text": "| (in millions) 1 Basis Point Increase in JPMorgan Chase Credit Spread | December 31, 2009 | December 31, 2008 |"}
{"_id": "d8e5d2694", "title": "", "text": "Technology and Operational Efficiency  Continuing Improvement in O&M Efficiency Ratio for our Regulated Businesses We continued to improve on our O&M efficiency ratio.\nOur adjusted O&M efficiency ratio for the year ended December 31, 2015 was 35.9%, compared to 36.7% for the year ended December 31, 2014.\nThe improvement in the 2015 O&M efficiency ratio over this period was attributable to both an increase in revenue and decreases in O&M expenses.\nWe evaluate our operating performance using this measure because management believes it is a direct measure of the efficiency of our Regulated Businesses operations.\nThis information is intended to enhance an"}
{"_id": "d8a2a840e", "title": "", "text": "| In millions Dec. 31 2011 Dec. 31 2010 | Other real estate owned (OREO): | Residential properties | Residential development properties | Commercial properties | Total OREO | Foreclosed and other assets | OREO and foreclosed assets |"}
{"_id": "d8dc6d86a", "title": "", "text": "Managements Discussion and Analysis Scenario Analyses.\nWe conduct scenario analyses including as part of the Comprehensive Capital Analysis and Review (CCAR) and Dodd-Frank Act Stress Tests (DFAST) as well as our resolution and recovery planning.\nSee Equity Capital Management and Regulatory Capital  Equity Capital Management below for further information.\nThese scenarios cover short-term and longterm time horizons using various macroeconomic and firmspecific assumptions, based on a range of economic scenarios.\nWe use these analyses to assist us in developing our longer-term balance sheet management strategy, including the level and composition of assets, funding and equity capital.\nAdditionally, these analyses help us develop approaches for maintaining appropriate funding, liquidity and capital across a variety of situations, including a severely stressed environment.\nBalance Sheet Allocation In addition to preparing our consolidated statements of financial condition in accordance with U. S.  GAAP, we prepare a balance sheet that generally allocates assets to our businesses, which is a non-GAAP presentation and may not be comparable to similar non-GAAP presentations used by other companies.\nWe believe that presenting our assets on this basis is meaningful because it is consistent with the way management views and manages risks associated with the firms assets and better enables investors to assess the liquidity of the firms assets.\nThe table below presents our balance sheet allocation."}
{"_id": "d8b8781e4", "title": "", "text": "| Continuing Operations | Operating Income | 2013 GAAP | 2012 GAAP | Change GAAP | % Change GAAP | 2013 GAAP | Business restructuring and cost reduction plans (tax impact $73.7) | Advisory costs (tax impact $3.7) | 2013 Non-GAAP Measure | 2012 GAAP | Business restructuring and cost reduction plans (tax impact $105.0) | Customer bankruptcy (tax impact $3.7) | Gain on previously held equity interest (tax impact $31.3) | Q1 Spanish tax settlement | Q2 Spanish tax ruling | 2012 Non-GAAP Measure | Change Non-GAAP Measure | % Change Non-GAAP Measure | Continuing Operations | Operating Income | 2012 GAAP | 2011 GAAP | Change GAAP | % Change GAAP | 2012 Non-GAAP Measure | 2011 GAAP | Net loss on Airgas transaction (tax impact $16.9) | 2011 Non-GAAP Measure | Change Non-GAAP Measure | % Change Non-GAAP Measure |"}
{"_id": "d873d530c", "title": "", "text": "REALTY INCOME CORPORATION AND SUBSIDIARIES Notes to Consolidated Financial Statements, Contd DECEMBER 31, 2012, 2011 AND 2010 Allocation of the Purchase Price of Real Estate Acquisitions.\nWhen acquiring a property, we allocate the fair value of real estate acquired to: (1) land, (2) building and improvements, and (3) identified intangible assets and liabilities, based in each case on their estimated fair values.\nIntangible assets and liabilities consist of above-market or below-market lease value of in-place leases, the value of in-place leases, and tenant relationships, as applicable.\nIn addition, any assumed mortgages payable are recorded at their estimated fair values.\nOur estimated fair value determinations are based on managements judgment, which is based on various factors, including: (1) market conditions, (2) industry that the tenant operates in, (3) characteristics of the real estate, i. e. : location, size, demographics, value and comparative rental rates, (4) tenant credit profile, (5) store profitability and the importance of the location of the real estate to the operations of the tenants business, and/or (6) real estate valuations, prepared either internally or by an independent valuation firm.\nWhen real estate valuations are utilized, the measurement of fair value related to the allocation of the purchase price of real estate acquisitions is derived principally from observable market data (and thus should be categorized as level 2 on FASBs three-level valuation hierarchy).\nOur other methodologies for measuring fair value related to the allocation of the purchase price of real estate acquisitions (except for independent third-party real estate valuations) include unobservable inputs that reflect our own internal assumptions and calculations (and thus should be categorized as level 3 on FASBs three-level valuation hierarchy).\nThe fair value of the tangible assets of an acquired property with an in-place operating lease (which includes land and buildings/improvements) is determined by valuing the property as if it were vacant, and the as-if-vacant value is then allocated to land and buildings/improvements based on our determination of the fair value of these assets.\nOur fair value determinations are based on a real estate valuation for each property, prepared either internally or by an independent valuation firm, and consider estimates of carrying costs during the expected lease-up periods, current market conditions, as well as costs to execute similar leases.\nIn allocating the fair value to identified intangibles for above-market or belowmarket leases, an amount is recorded based on the present value of the difference between (i) the contractual amount to be paid pursuant to the in-place lease and (ii) our estimate of fair market lease rate for the corresponding in-place lease, measured over the remaining term of the lease.\nCapitalized above-market lease values are amortized as a reduction of rental income over the remaining terms of the respective leases.\nCapitalized below-market lease values are amortized as an increase to rental income over the remaining terms of the respective leases and expected below-market renewal option periods.\nThe aggregate value of other acquired intangible assets consists of the fair value of in-place leases and tenant relationships, as applicable.\nThe value of in-place leases, exclusive of the value of above-market and below-market in-place leases, is amortized to expense over the remaining periods of the respective leases.\nThe following table presents the impact during the next five years and thereafter related to the net decrease to rental revenue from the amortization of the acquired above-market and below-market lease intangibles and the increase to amortization expense from the amortization of the in-place lease intangibles for properties owned at December 31, 2012 (in thousands):"}
{"_id": "d8954e01a", "title": "", "text": "| End of period Average | In billions of dollars | On-balance-sheet-1 | Securitized receivables (all inNA Cards) | Credit card receivables held-for-sale-2 | Total managed-3 |"}
{"_id": "d8b94aebe", "title": "", "text": "| 2007 2006 2005 | Net sales | Long-lived asset impairment charge | Income from operations of discontinued operations before income taxes | Net gain from disposal of businesses | Income before income taxes | Income tax expense | Income (loss) from discontinued operations, net of tax |"}
{"_id": "d8623d036", "title": "", "text": "| 2014 2013 2012 | Cost of sales | Research and development | Selling, general and administrative | Total share-based compensation expense |"}
{"_id": "d8782c202", "title": "", "text": "| Year Gallons Hedged Weighted Average ContractPrice per Gallon | 2016 | 2017 |"}
{"_id": "d897ab3b2", "title": "", "text": "PART I4 result of the effects of the Costa Concordia incident and the continued instability in the European economic landscape.\nHowever, we continue to believe in the long term growth potential of this market.\nWe estimate that Europe was served by 102 ships with approximately 108,000 berths at the beginning of 2008 and by 117 ships with approximately 156,000 berths at the end of 2012.\nThere are approximately 9 ships with an estimated 25,000 berths that are expected to be placed in service in the European cruise market between 2013 and 2017.\nThe following table details the growth in the global, North American and European cruise markets in terms of cruise guests and estimated weighted-average berths over the past five years:"}
{"_id": "d872a642c", "title": "", "text": "| 2003 $268,496 | 2004 | 2005 | 2006 | 2007 | Thereafter | Total | Pension Benefits | $ in millions | Amounts Recorded in Accumulated Other Comprehensive Loss | Net actuarial loss | Prior service cost and net transition obligation | Income tax benefits related to above items | Unamortized benefit plan costs |"}
{"_id": "d8135b1de", "title": "", "text": "Life Insurance & Retirement Services Operations AIG's Life Insurance & Retirement Services subsidiaries offer a wide range of insurance and retirement savings products both domestically and abroad.\nDomestically, AlG's Life Insurance & Retirement Services operations offer a broad range of protection products, such as life insurance and group life and health products, including disability income products and payout annuities, which include single premium immediate annuities, structured settlements and termi- nal funding annuities.\nHome service operations include an array of life insurance, accident and health and annuity products soldprimarily through career agents.\nIn addition, home service in- cludes a small block of runoff property and casualty coverage.\nRetirement services include group retirement products, individual fixed and variable annuities sold through banks, broker-dealers and exclusive sales representatives, and annuity runoff opera- tions, which include previously acquired\"closed blocks\"and other fixed and variable annuities largely sold through distribution relationships that have been discontinued.\nOverseas, AlG's Life Insurance & Retirement Services opera- tions include insurance and investment-oriented products such as whole and term life, investment linked, universal life and endo- ments, personal accident and health products, group products including pension, life and health, and fixed and variable annuities.\nAlG's Life Insurance & Retirement Ser vices subsidiaries reporttheir operations through the following major internal reporting units and business units: Foreign Life Insurance & Retirement Services Japan and Other* ·ALICO ·AlG Star Life ·AIG Edison Life Asia·AIA ·Nan Shan ·AlRCO ·Philamlife Domestic Life Insurance ·AlG American General ·USLIFE ·AGLA Domestic Retirement Services ·VALIC ·AlG Annuity ·AlG SunAmerica *Japan and Other consists of all operations in Japan and the operations of ALICO and its subsidi aries worldwide.\nAmerican International Group, Inc.  and Subsidiaries 15.\nEmployee Benefits Continued (i) Components of net periodic benefit cost and other amounts recognized in other comprehensive income: The following table presents the components of net periodic benefit cost recognized in income and other amounts recognized in other comprehensive income with respect to the defined benefit pension plans and other postretirement benefit plans for the year ended December 31, 2006 (no amounts were recognized in other comprehensive income for the years ended 2005 and 2004):"}
{"_id": "d871ce414", "title": "", "text": "Other Income, Net.\nOther income, net, consists primarily of interest income and foreign currency transaction gains and losses.\nOther income, net increased $1.3 million in fiscal year 2018, as compared to fiscal year 2017 and increased $9.0 million in fiscal year 2017, as compared to fiscal year 2016.\nInterest income was $17.0 million, $8.5 million and $6.6 million for fiscal years 2018, 2017 and 2016, respectively.\nThe increase in other income, net for fiscal year 2018 was primarily due to an increase of $8.5 million in interest income, compared to the prior year, partially offset by foreign currency losses of $7.5 million, compared to the prior year.\nThe increase in other income, net for fiscal year 2017 as compared to fiscal year 2016 was primarily due to $7.0 million in foreign currency gains, compared to the prior year."}
{"_id": "d85fbdcd4", "title": "", "text": "Operations by Segment We have two operating segments: Domestic and Global.\nThe Domestic segment includes revenue contributions and expenditures associated with business activity in the United States.\nThe Global segment includes revenue contributions and expenditures linked to business activity in Aruba, Australia, Austria, the Bahamas, Belgium, Bermuda, Brazil, Canada, Cayman Islands, Chile, Denmark, Egypt, England, Finland, France, Germany, Guam, India, Ireland, Kuwait, Luxembourg, Malaysia, Mexico, Netherlands, Norway, Portugal, Qatar, Romania, Saudi Arabia, Singapore, Slovakia, Spain, Sweden, Switzerland and the United Arab Emirates.\nRefer to Note (17) of the notes to consolidated financial statements for further information regarding our reportable segments.\nThe following table presents a summary of our operating segment information for the years ended 2017 and 2016:"}
{"_id": "d8af42bec", "title": "", "text": "| Year ended December 31, | 2009 | ($ in millions) | Cash value of surrenders | Cash value of surrenders as a percentage of mean future benefit reserves, policyholders’ account balances, and separateaccount balances |"}
{"_id": "d81d3a290", "title": "", "text": "| Year Ended December | $ in millions | Fixed Income, Currency and Commodities Client Execution | Equities client execution1 | Commissions and fees | Securities services | Total Equities | Total net revenues | Operating expenses | Pre-tax earnings | Year ended December 31, (in millions)(a) | Net gains on sales of loans held for sale | Lower of cost or market adjustments | December 31, (in millions) | Impaired loans with an allowance | Impairedloans without anallowance(b) | Total impaired loans | Allowance for impaired loans under SFAS 114(c) | Average balance of impaired loans during the year | Interest income recognized on impairedloans during the year | (in millions, except headcount and ratios) | Revenue by business | Investment banking fees | Fixed income markets | Equities markets | Credit portfolio | Total net revenue | Revenue by region | Americas | Europe/Middle East/Africa | Asia/Pacific | Total net revenue | Selected balance sheet (average) | Total assets | Tradingassets – debt and equity instruments | Tradingassets – derivatives receivables | Loans(b) | Adjusted assets(c) | Equity | Headcount | Credit data and quality statistics | Net charge-offs | Nonperforming assets: | Nonperforming loans(d)(e) | Other nonperforming assets | Allowance for loan losses | Allowance for lending related commitments | Net charge-off rate(b) | Allowance for loan losses to average loans(b) | Allowance for loan losses to nonperforming loans(d) | Nonperforming loans to average loans | Market risk-average trading and credit portfolio VAR | Trading activities: | Fixed income(f) | Foreign exchange | Equities | Commodities and other | Diversification | Total trading VAR | Credit portfolio VAR(g) | Diversification | Total trading and credit portfolio VAR |"}
{"_id": "d8143a096", "title": "", "text": "| Year Ended December31, 2011 2010 | Other-than-temporary impairment (“OTTI”) | Less: noncredit portion of OTTI recognized into (out of)other comprehensive income (loss) (before tax) | Net impairment |"}
{"_id": "d87479808", "title": "", "text": "The allowance for credit losses increased $2.3 billion from December 31, 2006.\nThe consumer and wholesale components of the allowance increased $1.5 billion and $779 million, respectively.\nThe increase in the consumer portion of the allowance included increases of $1.3 billion and $215 million in RFS and CS, respectively.\nThe increase in the wholesale portion of the allowance was primarily due to loan growth in the IB and CB.\nExcluding Loans held-for-sale and loans carried at fair value, the Allowance for loan losses represented 1.88% of loans at December 31, 2007, compared with 1.70% at December 31, 2006 To provide for the risk of loss inherent in the Firms process of extending credit, management also computes an asset-specific component and a formula-based component for wholesale lendingrelated commitments.\nThese components are computed using a methodology similar to that used for the wholesale loan portfolio, modified for expected maturities and probabilities of drawdown.\nThis allowance, which is reported in Other liabilities, was $850 million and $524 million at December 31, 2007 and 2006, respectively.\nThe increase reflected growth in lending-related commitments and updates to inputs used in the calculation.\nProvision for credit losses For a discussion of the reported Provision for credit losses, see page 33 of this Annual Report.\nThe managed provision for credit losses includes credit card securitizations.\nFor the year ended December 31, 2007, the increase in the Provision for credit losses was due to an increase year-over-year in the allowance for credit losses largely related to home equity loans, higher credit card net charge-offs in the consumer businesses and an increase in the wholesale businesses.\nThe increase in the allowance in the wholesale businesses was due to the weakening credit environment as well as growth in the wholesale portfolio.\nThe prior year benefited from a lower level of credit card net charge-offs, which reflected a lower level of losses following the change in bankruptcy legislation in the fourth quarter of 2005."}
{"_id": "d8ed18ca0", "title": "", "text": "| 2008 Period-to- Period Change 2007 Period-to- Period Change 2006 | Interest expense | Interest income | Equity in net losses of unconsolidated entities | Minority interest | Other, net | Provision for income taxes |"}
{"_id": "d884f250e", "title": "", "text": "| Estimated % Change inNet Interest Income over 12 Months | Basis points | Instantaneous Change in Interest Rates | +200 | +100 | -100 | -200 | Gradual Change in Interest Rates | +200 | +100 | -100 | -200 |"}
{"_id": "d8ab97966", "title": "", "text": "| Year Ended December 31, | 2012 | (In $ millions) | Balance at beginning of year | Additions-1 | Accretion | Payments | Revisions to cash flow estimates-2 | Exchange rate changes | Balance at end of year |"}
{"_id": "d8ae49998", "title": "", "text": "Loss from early extinguishment of debt in 2002 was attributable to the retirement of $337 million aggregate principal amount of debt, resulting in a loss of $53 million.\nMinority interest in income of MAP, which represents Ashland’s 38 percent ownership interest, increased by $230 million in 2004 from 2003 and by $129 million in 2003 from 2002.\nMAP income was higher in 2004 compared to 2003 and in 2003 compared to 2002 as discussed below in the RM&T segment.\nMinority interest in loss of Equatorial Guinea LNG Holdings Limited, which represents GEPetrol’s 25 percent ownership interest, was $7 million in 2004, primarily resulting from GEPetrol’s share of start-up costs associated with the LNG project in Equatorial Guinea.\nProvision for income taxes increased by $143 million in 2004 from 2003 and by $215 million in 2003 from 2002, primarily due to $388 million and $720 million increases in income before income taxes.\nThe effective tax rate for 2004 was 36.6 percent compared to 36.6 percent and 42.1 percent for 2003 and 2002.\nThe higher rate in 2002 was due to the United Kingdom enactment of a supplementary 10 percent tax on profits from the North Sea oil and gas production, retroactively effective to April 17, 2002.\nIn 2002, we recognized a one-time noncash deferred tax adjustment of $61 million as a result of the rate increase.\nThe following is an analysis of the effective tax rate for the periods presented:"}
{"_id": "d8b7283c0", "title": "", "text": "The following table sets forth, by level within the fair value hierarchy established by SFAS 157, Entergy's assets and liabilities that are accounted for at fair value on a recurring basis as of December 31, 2008.\nThe assessment of the significance of a particular input to a fair value measurement requires judgment and may affect their placement within the fair value hierarchy levels."}
{"_id": "d8ac9ff5c", "title": "", "text": "| Payments Due by Period | (in thousands) | Global headquarters operating lease-1 | Other operating leases-2 | Unconditional purchase obligations-3 | Obligations related to uncertain tax positions, including interest and penalties-4 | Other long-term obligations-5 | Total contractual obligations |"}
{"_id": "d867e9c3c", "title": "", "text": "The general objectives of the Company's pension asset strategy are to earn a rate of return over time to satisfy the benefit obligations of the plans, meet minimum ERISA funding requirements, and maintain sufficient liquidity to pay benefits and address other cash requirements within the master trust.\nSpecific investment objectives include reducing the volatility of pension assets relative to benefit obligations, achieving a competitive, total investment return, achieving diversification between and within asset classes, and managing other risks.\nInvestment objectives for each asset class are determined based on specific risks and investment opportunities identified.\nDecisions regarding investment policies and asset allocation are made with the understanding of the historical and prospective return and risk characteristics of various asset classes, the effect of asset allocations on funded status, future Company contributions, and projected expenditures, including benefits.\nThe Company updates its asset allocations periodically.\nThe Company uses various analytics to determine the optimal asset mix and considers plan obligation characteristics, duration, liquidity characteristics, funding requirements, expected rates of return, regular rebalancing, and the distribution of returns.\nActual allocations to each asset class could vary from target allocations due to periodic investment strategy changes, short-term market value fluctuations, the length of time it takes to fully implement investment allocation positions, such as real estate and other alternative investments, and the timing of benefit payments and Company contributions.\nTaking into account the asset allocation ranges, the Company determines the specific allocation of the master trust's investments within various asset classes.\nThe master trust utilizes select investment strategies, which are executed through separate account or fund structures with external investment managers who demonstrate experience and expertise in the appropriate asset classes and styles.\nThe selection of investment managers is done with careful evaluation of all aspects of performance and risk, demonstrated fiduciary responsibility, investment management experience, and a review of the investment managers' policies and processes.\nInvestment performance is monitored frequently against appropriate benchmarks and tracked to compliance guidelines with the assistance of third party consultants and performance evaluation tools and metrics.\nPlan assets are stated at fair value.\nThe Company employs a variety of pricing sources to estimate the fair value of its pension plan assets, including independent pricing vendors, dealer or counterparty-supplied valuations, thirdparty appraisals, and appraisals prepared by the Company's investment managers or other experts.\nInvestments in equity securities, common and preferred, are valued at the last reported sales price when an active market exists.\nSecurities for which official or last trade pricing on an active exchange is available are classified as Level 1.\nIf closing prices are not available, securities are valued at the last trade price, if deemed reasonable, or a broker's quote in a non-active market, and are typically categorized as Level 2.\nInvestments in fixed-income securities are generally valued by independent pricing services or dealers who make markets in such securities.\nPricing methods are based upon market transactions for comparable securities and various relationships between securities that are generally recognized by institutional traders, and fixed-income securities typically are categorized as Level 2."}
{"_id": "d8b14cd66", "title": "", "text": "| At Fair Value as of December 31, 2013 | Recurring Fair Value Measures | Assets: | Restricted funds | Rabbi trust investments | Deposits | Mark-to-market derivative asset | Total assets | Liabilities: | Deferred compensation obligation | Mark-to-market derivative liability | Total liabilities | Total net assets (liabilities) | At Fair Value as of December 31, 2012 | Recurring Fair Value Measures | Assets: | Restricted funds | Rabbi trust investments | Deposits | Mark-to-market derivative asset | Total assets | Liabilities: | Deferred compensation obligation | Total liabilities | Total net assets (liabilities) |"}
{"_id": "d89175a7e", "title": "", "text": "| Year Ended December 31, 2017 2016 2015 | Stock-based compensation expense | Advertising expenses | Selling and distribution expenses1 | Other operating expenses | Selling, general and administrative expenses |"}
{"_id": "d8b838152", "title": "", "text": "THE GOLDMAN SACHS GROUP, INC.  AND SUBSIDIARIES Notes to Consolidated Financial Statements Fair Value of Other Financial Assets and Financial Liabilities by Level The table below presents, by level within the fair value hierarchy, other financial assets and financial liabilities at fair value, substantially all of which are accounted for at fair value under the fair value option."}
{"_id": "d8cb4817a", "title": "", "text": "| Year Ended December 31 2012 over 2011 2011 over 2010 | ($ in millions) | Sales and Service Revenues | Ingalls | Newport News | Intersegment eliminations | Total sales and service revenues | Operating Income (Loss) | Ingalls | Newport News | Total Segment Operating Income (Loss) | Non-segment factors affecting operating income (loss) | FAS/CAS Adjustment | Deferred state income taxes | Total operating income (loss) |"}
{"_id": "d8ca8847e", "title": "", "text": "McKESSON CORPORATION FINANCIAL REVIEW (Continued) 46 Historically, we have provided contributions for our profit sharing investment plan (PSIP) for U. S.  employees primarily through a leveraged employee stock ownership plan (ESOP).\nAt March 31, 2008, almost all of the 24 million common shares in the ESOP had been allocated to plan participants.\nIn 2008, 2007 and 2006, we granted 1 million shares per year to plan participants.\nAs a result, we will need to fund most of our future PSIP contributions with cash or treasury shares.\nIn 2008, had we paid cash for our PSIP contributions, such contributions would have amounted to $53 million.\nSelected Measures of Liquidity and Capital Resources:"}
{"_id": "d8a796aec", "title": "", "text": "| Benchmark 2011 2010 2009 | WTI crude oil(Dollars per bbl) | Brent (Europe) crude oil(Dollars per bbl) | Henry Hub natural gas(Dollars per mmbtu)(a) |"}
{"_id": "d8737bb90", "title": "", "text": "| December 31, | (Dollar amounts in millions) | Deferred income tax assets: | Compensation and benefits | Unrealized investment losses | Loss carryforwards | Other | Gross deferred tax assets | Less: deferred tax valuation allowances | Deferred tax assets net of valuation allowances | Deferred income tax liabilities: | Goodwill and acquired indefinite-lived intangibles | Acquired finite-lived intangibles | Other | Gross deferred tax liabilities | Net deferred tax (liabilities) |"}
{"_id": "d8df25986", "title": "", "text": "| ($ in millions) 2008 2007 | Commitments to extend credit | Letters of credit (including standby letters of credit) | Forward contracts to sell mortgage loans | Noncancelable lease obligations | Purchase obligations | Capital expenditures |"}
{"_id": "d8b50520a", "title": "", "text": "| 12 Months or less More than 12 Months Total | (in millions) | 2007 | Bonds(b) | Equity securities | Total | 2006 | Bonds(b) | Equity securities | Total |"}
{"_id": "d8852ca38", "title": "", "text": "| December 31 | (Dollars in millions) | By counterparty | Private-label securitization trustees, whole-loan investors, including third-party securitization sponsors and other-1 | Monolines | GSEs | Total unresolved repurchase claims by counterparty, net of duplicate claims |"}
{"_id": "d8b901cc8", "title": "", "text": "| 2017 2016 | Fourth Quarter | High | Low | Per share distribution |"}
{"_id": "d8ac36cfa", "title": "", "text": "| At December 31, | (Dollars in thousands) | Balance at beginning of year | Liabilities assumed | Adjustments to reserves | Benefits paid in the current year | Balance at end of year | (Some amounts may not reconcile due to rounding.) |"}
{"_id": "d8df98850", "title": "", "text": "| Payments Due | 2019 | Long-term debt(a) | Capital leases(b)(f) | Operating leases(c)(f) | Purchase obligations(d)(f) | Other long-term liabilities(e) | Total |"}
{"_id": "d87e4cae2", "title": "", "text": "In January 2008, we announced an increase in the wholesale prices of our domestic confectionery line, effective immediately.\nThis price increase applied to our standard bar, king-size bar, 6-pack and vending lines and represented a weighted average increase of approximately thirteen percent on these items.\nThese price changes approximated a three percent increase over our entire domestic product line.\nIn April 2007, we announced an increase of approximately four percent to five percent in the wholesale prices of our domestic confectionery line, effective immediately.\nThe price increase applied to our standard bar, king-size bar, 6-pack and vending lines.\nThese products represent approximately one-third of our U. S.  confectionery portfolio.\nWe announced a combination of price increases and weight changes on certain JOLLY RANCHER and TWIZZLERS candy and chocolate packaged candy items in November 2005.\nThese changes went into effect in December 2005 and early 2006 and represented a weighted-average price increase of approximately one percent over the entire domestic product line when fully effective in the second quarter of 2006.\nUsually there is a time lag between the effective date of list price increases and the impact of the price increases on net sales.\nThe impact of price increases is often delayed because the Company honors previous commitments to planned consumer and customer promotions and merchandising events subsequent to the effective date of the price increases.\nIn addition, promotional allowances may be increased subsequent to the effective date, delaying or partially offsetting the impact of price increases on net sales."}
{"_id": "d88aa4772", "title": "", "text": "| Year Ended December 31, Variance 2010 vs. 2009 | 2010 | Compensation and benefits | Clearing and servicing | Advertising and market development | FDIC insurance premiums | Professional services | Occupancy and equipment | Communications | Depreciation and amortization | Amortization of other intangibles | Facility restructuring and other exit activities | Other operating expenses | Total operating expense |"}
{"_id": "d8ee3f11a", "title": "", "text": "| Years ended | December 25, 2010 | Income tax provision at federal statutory rate | State income tax provision, net of federal income tax effect | Foreign income tax benefit | Valuation allowance | Interest expense related to loans | Other | Total income tax provision |"}
{"_id": "d8b19f1ce", "title": "", "text": "| Year Ended December 31, | 2004 | Denominator for basic earnings pershare — weighted average | Effect of dilutive securities: | Employee stock options | Denominator for diluted earnings pershare — adjusted weighted averageshares and assumed conversions |"}
{"_id": "d8d27b352", "title": "", "text": "Rent charged to operating expense was $309 million for 2014, $324 million for 2013 and $374 million for 2012.\nOperating leases include office space held in excess of current requirements.\nRent expense relating to space held for growth is included in “Occupancy.\n” The firm records a liability, based on the fair value of the remaining lease rentals reduced by any potential or existing sublease rentals, for leases where the firm has ceased using the space and management has concluded that the firm will not derive any future economic benefits.\nCosts to terminate a lease before the end of its term are recognized and measured at fair value on termination."}
{"_id": "d8621536a", "title": "", "text": "| Global Corporate Banking Global Commercial Banking Total | (Dollars in millions) | Revenue | Business Lending | Global Treasury Services | Total revenue, net of interest expense | Average | Total loans and leases | Total deposits | Year end | Total loans and leases | Total deposits |"}
{"_id": "d8ba46d04", "title": "", "text": "| (Dollars in millions) 2008 2007 2006 2005 2004 | Operating basis | Operating earnings | Return on average assets | Return on average common shareholders’ equity | Return on average tangible shareholders’ equity | Operating efficiency ratio (FTE basis) | Dividend payout ratio | Operating leverage (FTE basis) | FTE basis data | Net interest income | Total revenue, net of interest expense | Net interest yield | Efficiency ratio | Reconciliation of net income to operating earnings | Net income | Merger and restructuring charges | Related income tax benefit | Operating earnings | Reconciliation of average shareholders’ equity to average tangible shareholders’ equity | Average shareholders’ equity | Average goodwill | Average intangible assets | Average tangible shareholders’ equity | Reconciliation of return on average assets to operating return on average assets | Return on average assets | Effect of merger and restructuring charges, net-of-tax | Operating return on average assets | Reconciliation of return on average common shareholders’ equity to operating return on average common shareholders’ equity | Return on average common shareholders’ equity | Effect of merger and restructuring charges, net-of-tax | Operating return on average common shareholders’ equity | Reconciliation of return on average tangible shareholders’ equity to operating return on average tangible shareholders’ equity | Return on average tangible shareholders’ equity | Effect of merger and restructuring charges, net-of-tax | Operating return on average tangible shareholders’ equity | Reconciliation of efficiency ratio to operating efficiency ratio (FTE basis) | Efficiency ratio | Effect of merger and restructuring charges | Operating efficiency ratio | Reconciliation of dividend payout ratio to operating dividend payout ratio | Dividend payout ratio | Effect of merger and restructuring charges, net-of-tax | Operating dividend payout ratio | Reconciliation of operating leverage to operating basis operating leverage (FTE basis) | Operating leverage | Effect of merger and restructuring charges | Operating leverage |"}
{"_id": "d8a779e6a", "title": "", "text": "For each of the Companies, the ratio of earnings to fixed charges (SEC basis) for the last five years was:"}
{"_id": "d875a11fe", "title": "", "text": "Based on remaining permitted airspace as of December 31, 2010 and projected annual disposal volumes, the weighted average remaining landfill life for all of our owned or operated landfills is approximately 40 years.\nMany of our landfills have the potential for expanded disposal capacity beyond what is currently permitted.\nWe monitor the availability of permitted disposal capacity at each of our landfills and evaluate whether to pursue an expansion at a given landfill based on estimated future waste volumes and prices, remaining capacity and likelihood of obtaining an expansion permit.\nWe are seeking expansion permits at 33 of our landfills that meet the expansion criteria outlined in the Critical Accounting Estimates and Assumptions section above.\nAlthough no assurances can be made that all future expansions will be permitted or permitted as designed, the weighted average remaining landfill life for all owned or operated landfills is approximately 45 years when considering remaining permitted airspace, expansion airspace and projected annual disposal volume."}
{"_id": "d82a77b38", "title": "", "text": "| September 30, 2009 % of Total September 30, 2008 % of Total September 30, 2007 % of Total | ($ in 000's) | Equity | Fixed Income | Total Commissions |"}
{"_id": "d8cebee44", "title": "", "text": "| EIN / PensionPlan PensionProtection ActZone Status FIP / RP StatusPending / (in millions)UPS Contributions and Accruals Surcharge | Pension Fund | Alaska Teamster-Employer Pension Plan | Automotive Industries Pension Plan | Central Pennsylvania Teamsters Defined Benefit Plan | Eastern Shore Teamsters Pension Fund | Employer-Teamsters Local Nos. 175 & 505 Pension Trust Fund | Hagerstown Motor Carriers and Teamsters Pension Fund | I.A.M. National Pension Fund / National Pension Plan | International Brotherhood of Teamsters Union Local No. 710 Pension Fund | Local 705, International Brotherhood of Teamsters Pension Plan | Local 804 I.B.T. & Local 447 I.A.M.—UPS Multiemployer Retirement Plan | Milwaukee Drivers Pension Trust Fund | New England Teamsters & Trucking Industry Pension Fund | New York State Teamsters Conference Pension and Retirement Fund | Teamster Pension Fund of Philadelphia and Vicinity | Teamsters Joint Council No. 83 of Virginia Pension Fund | Teamsters Local 639—Employers Pension Trust | Teamsters Negotiated Pension Plan | Truck Drivers and Helpers Local Union No. 355 Retirement Pension Plan | United Parcel Service, Inc.—Local 177, I.B.T. Multiemployer Retirement Plan | Western Conference of Teamsters Pension Plan | Western Pennsylvania Teamsters and Employers Pension Fund | All Other Multiemployer Pension Plans | Total Contributions |"}
{"_id": "d867a3638", "title": "", "text": "| Jurisdiction Years | United States | Louisiana | Mississippi | Virginia |"}
{"_id": "d8852c97a", "title": "", "text": "| (Dollars in millions) December 31 | Curve Change | +100 bps Parallel shift | -100 bps Parallel shift | Flatteners | Short end | Long end | Steepeners | Short end | Long end |"}
{"_id": "d8de48e46", "title": "", "text": "Under Armour, Inc.  and Subsidiaries Notes to the Consolidated Financial Statements—(Continued) (amounts in thousands, except per share and share amounts) Prior to amending and restating the revolving credit facility in September 2005, the Company was party to a revolving credit facility that was to expire April 2007.\nFrom January 2004 through September 2005, this agreement was periodically amended to increase the available borrowings based on eligible inventory and accounts receivable not to exceed $60,000.\nInterest rates and covenants under the superseded revolving credit facility were similar to the interest rates and covenants described above.\nThe weighted average interest rate on the revolving credit facilities for the years ended December 31, 2005 and 2004 was 5.5% and 4.0%, respectively.\nDuring the year ended December 31, 2006, no balance was outstanding.\nIn March 2005, the Company entered into a loan and security agreement to finance the acquisition of up to $17,000 of qualifying capital investments.\nThis agreement is collateralized by a first lien on these assets and is otherwise subordinate to the revolving credit facility.\nThrough December 31, 2006, the Company has financed $7,915 of furniture and fixtures under this agreement.\nThe weighted average interest rate on borrowings was 6.5% for the year ended December 31, 2006.\nAt December 31, 2006, the outstanding principal balance was $4,541.\nPrincipal payments due for the years ended December 31, 2007, 2008, 2009, 2010 and 2011 are $2,648, $1,515, $337, $41, and $0, respectively.\nIn December 2003, the Company entered into a master loan and security agreement that was subordinate to the revolving credit facilities.\nUnder this agreement the Company borrowed $1,250 for the purchase of qualifying furniture and fixtures.\nThe interest rate was 6.97% annually, and principal and interest payments were due monthly through February 2006.\nThe outstanding principal balance was repaid during February 2006.\nInterest expense, included in other income (expense), net on the consolidated statements of income for all debt was $597, $3,188 and $1,290 for the years ended December 31, 2006, 2005 and 2004, respectively.\nDuring 2005, in connection with the repayment of debt, $265 in deferred financing costs was written off and included in interest expense.\nFor the years ended December 31, 2006, 2005 and 2004, the Company amortized and also included in interest expense $178, $57 and $48, respectively, of deferred financing costs.7.\nObligations under Capital and Operating Leases The Company leases warehouse space, office facilities, space for our retail outlet stores and certain equipment under non-cancelable operating and capital leases.\nThe leases expire at various dates through 2016, excluding extensions at our option, and include provisions for rental adjustments.\nThe following is a schedule of future minimum lease payments for capital and non-cancelable operating leases as of December 31, 2006:"}
{"_id": "d886c170e", "title": "", "text": "| 2016 High Low | Quarter ended March 31 | Quarter ended June 30 | Quarter ended September 30 | Quarter ended December 31 | 2015 | Quarter ended March 31 | Quarter ended June 30 | Quarter ended September 30 | Quarter ended December 31 | As of December 31, | 2016 | (In thousands) | Balance Sheet Data: -4 | Cash and cash equivalents (including restricted cash) (5) | Property and equipment, net | Total assets | Long-term obligations, including current portion | Redeemable noncontrolling interest | Total American Tower Corporation equity |"}
{"_id": "d8bbb825a", "title": "", "text": "Leveraged Performance Units During fiscal 2015, certain executives were granted performance units that we refer to as leveraged performance units, or LPUs.\nLPUs contain a market condition based on our relative stock price growth over a three-year performance period.\nThe LPUs contain a minimum threshold performance which, if not met, would result in no payout.\nThe LPUs also contain a maximum award opportunity set as a fixed dollar and fixed number of shares.\nAfter the three-year performance period, one-third of any earned units converts to unrestricted common stock.\nThe remaining two-thirds convert to restricted stock that will vest in equal installments on each of the first two anniversaries of the conversion date.\nWe recognize share-based compensation expense based on the grant date fair value of the LPUs, as determined by use of a Monte Carlo model, on a straight-line basis over the requisite service period for each separately vesting portion of the LPU award.\nTotal Shareholder Return Units Before fiscal 2015, certain of our executives were granted total shareholder return (“TSR”) units, which are performance-based restricted stock units that are earned based on our total shareholder return over a three-year performance period compared to companies in the S&P 500.\nOnce the performance results are certified, TSR units convert into unrestricted common stock.\nDepending on our performance, the grantee may earn up to 200% of the target number of shares.\nThe target number of TSR units for each executive is set by the Compensation Committee.\nWe recognize share-based compensation expense based on the grant date fair value of the TSR units, as determined by use of a Monte Carlo model, on a straight-line basis over the vesting period."}
{"_id": "d86a78890", "title": "", "text": "| $/MWh 2012(a) 2011 2012 vs. 2011 % Change 2010 2011 vs. 2010 % Change | Mid-Atlantic(b) | Midwest(c) | New England | New York | ERCOT | Other Regions(d) | Electric revenue net of purchased power and fuel expense per MWh(e)(f) |"}
{"_id": "d85ed263a", "title": "", "text": "State and Local Rate Regulation The rates that Entergy Mississippi charges for electricity significantly influence its financial position, results of operations, and liquidity.\nEntergy Mississippi is regulated and the rates charged to its customers are determined in regulatory proceedings.\nA governmental agency, the MPSC, is primarily responsible for approval of the rates charged to customers.\nFormula Rate Plan In March 2008, Entergy Mississippi made its annual scheduled formula rate plan filing for the 2007 test year with the MPSC.\nThe filing showed that a $10.1 million increase in annual electric revenues is warranted.\nIn June 2008, Entergy Mississippi reached a settlement with the Mississippi Public Utilities Staff that would result in a $3.8 million rate increase.\nIn January 2009 the MPSC rejected the settlement and left the current rates in effect.\nEntergy Mississippi appealed the MPSC's decision to the Mississippi Supreme Court."}
{"_id": "d86d31104", "title": "", "text": "digits mainly due to competitive activity.\nDeveloping regions decreased low single digits due to minor brand divestitures.\nOrganic volume increased low single digits in developing regions behind product innovation and market growth.\nGlobal market share of the hair care category decreased more than half a point.  ?\nVolume in Skin and Personal Care was unchanged including the impact of minor brand divestitures.\nOrganic volume increased low single digits.\nDeveloped market volume decreased low single digits following increased pricing and due to competitive activity.\nVolume increased low single digits in developing regions behind innovation and market growth.\nGlobal market share of the skin and personal care category decreased half a point.\nNet earnings decreased 3% to $1.9 billion due to a 50 basis point decrease in net earnings margin, behind an increase in SG&A as a percentage of net sales.\nSG&A as a percentage of net sales increased due to increased overhead spending including investments in sales resources and incremental marketing activity.\nGross margin decreased slightly as the benefits from productivity savings and higher pricing were more than offset by higher commodity costs and unfavorable mix impacts (driven by Hair Care from an increase in the proportion of lower margin forms and categories, and unfavorable geographic mix, which more than offset benefit from Skin and Personal Care, driven by the growth of SK-II).\nFiscal year 2016 compared with fiscal year 2015 Beauty net sales decreased 9% to $11.5 billion in fiscal 2016 on a 5% decrease in unit volume.\nUnfavorable foreign exchange reduced net sales by 6%.\nPrice increases had a 2% positive impact on net sales.\nOrganic sales were unchanged on organic volume that decreased 2%.\nGlobal market share of the Beauty segment decreased 1.0 points.\nVolume decreased low single digits in developed markets and decreased high single digits in developing markets.  ?\nVolume in Hair Care was down mid-single digits.\nDeveloped markets declined mid-single digits due to competitive activity while developing markets declined mid-single digits driven by increased pricing, the Venezuela deconsolidation and minor brand divestitures.\nGlobal market share of the hair care category decreased more than a point.  ?\nVolume in Skin and Personal Care decreased high single digits, while organic volume decreased low single digits, with the difference attributable to the Camay and Zest brand divestitures and the Venezuela deconsolidation.\nOrganic volume was unchanged in developed regions as commercial innovation was offset by ongoing competitive activity.\nOrganic volume declined mid-single digits in developing regions primarily due to increased pricing and competitive activity.\nGlobal market share of the skin and personal care category decreased nearly a point.\nNet earnings decreased 9% to $2.0 billion in 2016 primarily due to the reduction in net sales, along with a 10 basis-point decrease in net earnings margin.\nNet earnings margin decreased due to an increase in SG&A as a percentage of net sales, largely offset by gross margin expansion.\nGross margin improved due to productivity savings, increased pricing and lower commodity costs, partially offset by negative mix.\nSG&A as a percentage of net sales increased as lower marketing and overhead spending from the Company's focus on efficiencies was more than offset by the negative scale impacts from the reduction in sales."}
{"_id": "d86686818", "title": "", "text": "At December 31, 2014"}
{"_id": "d8f88976a", "title": "", "text": "| Components of change during 2006 Change | 2005 | Total | Domestic | International |"}
{"_id": "d894aff8c", "title": "", "text": "| Statutory Capital and Surplus December 31 Statutory Net Income Year Ended December 31 | 2016 (a) | (In millions) | Combined Continental Casualty Companies |"}
{"_id": "d8e33af30", "title": "", "text": "Table of Contents ITEM 7A QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK Investment Portfolio There has been significant deterioration and instability in the financial markets during fiscal 2009.\nThis period of extraordinary disruption and readjustment in the financial markets exposes us to additional investment risk.\nThe value and liquidity of the securities in which we invest could deteriorate rapidly and the issuers of these securities could be subject to credit rating downgrades.\nIn light of the current market conditions and these additional risks, we actively monitor market conditions and developments specific to the securities in which we invest.\nWe believe that we take a conservative approach to investing our funds in that we invest only in highly-rated securities and diversify our portfolio of investments.\nWhile we believe we take prudent measures to mitigate investment related risks, such risks cannot be fully eliminated because of market circumstances that are outside our control.\nOur investments consist of instruments that meet quality standards that are consistent with our investment policy.\nThis policy specifies that, except for direct obligations of the United States government, securities issued by agencies of the United States government, and money market funds, we diversify our investments by limiting our holdings with any individual issuer.\nWe do not hold derivative financial instruments in our portfolio of investments.\nSee Note 10 to the financial statements in Item 8, “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Liquidity and Capital Resources,” in Item 7; and “Risk Factors” in Item 1A of this Annual Report on Form 10-K for a description of market events that have affected the liquidity of certain municipal auction rate securities that we held at July 31, 2009.\nThe following table presents our portfolio of cash equivalents and available-for-sale debt securities as of July 31, 2009 by stated maturity.\nThe table is classified by the original maturity date listed on the security and includes cash equivalents, which consist primarily of money market funds.\nAt July 31, 2009, the weighted average tax adjusted interest rate earned on our money market accounts was 0.57% and the weighted average tax adjusted interest rate earned on our investments was 1.20%."}
{"_id": "d815f4896", "title": "", "text": "| Payments Due By Fiscal Year | Contractual Obligations | Operating Lease Obligations | Purchase Obligations | Total Obligations |"}
{"_id": "d8c528466", "title": "", "text": "| September 24,  2005 September 25,  2004 September 27,  2003 | Research and development | Percentage of net sales | Selling, general, and administrative expenses | Percentage of net sales | Restructuring costs |"}
{"_id": "d8c327004", "title": "", "text": "| Year ended April 30, 2012 2011 (in 000s) 2010 | Interest income: | Mortgage loans, net | Emerald Advance lines of credit | Investment securities | Other | $99,800 | Interest expense: | Borrowings | Deposits | FHLB advances | $92,089 |"}
{"_id": "d8a5a32da", "title": "", "text": "| Benchmark 2011 2010 2009 | WTI crude oil(Dollars per bbl) | Western Canadian Select(Dollars per bbl)(a) | AECO natural gas sales index(Dollars per mmbtu)(b) |"}
{"_id": "d8cd80a1e", "title": "", "text": "| Shares vested by period | Contract Period 7 years | Directors | Employees | Employees-1 |"}
{"_id": "d87feda18", "title": "", "text": "| 2008 2007 2006 | Dividend yield | Expected volatility | Risk-free interest rate | Forfeiture rate | Expected life |"}
{"_id": "d8df72970", "title": "", "text": "Notes to Consolidated Financial Statements Under the regulatory framework for prompt corrective action applicable to GS Bank USA, in order to meet the quantitative requirements for being a \nwell-capitalized\" depository institution, GS Bank USA is required to maintain a Tier 1 capital ratio of at least 6%, a Total capital ratio of at least 10% and a Tier 1 leverage ratio of at least 5%.\nGS Bank USA agreed with the Federal Reserve Board to maintain minimum capital ratios in excess of these \nwell-capitalized\" levels.\nAccordingly, for a period of time, GS Bank USA is expected to maintain a Tier 1 capital ratio of at least 8%, a Total capital ratio of at least 11% and a Tier 1 leverage ratio of at least 6%.\nAs noted in the table below, GS Bank USA was in compliance with these minimum capital requirements as of December 2013 and December 2012.\nThe table below presents information regarding GS Bank USA’s regulatory capital ratios under Basel I, as implemented by the Federal Reserve Board.\nThe information as of December 2013 reflects the revised market risk regulatory capital requirements, which became effective on January 1, 2013.\nThese changes resulted in increased regulatory capital requirements for market risk.\nThe information as of December 2012 is prior to the implementation of these revised market risk regulatory capital requirements."}
{"_id": "d8f47a610", "title": "", "text": "| Years ended December 31 (in millions) 2006 2005 2004 | Net interest income | Provision for loan losses | Non-interest income: | Fee-based revenues | Other non-interest income | Total non-interest income | Non-interest expense | Income before income tax expense | Income tax expense | Income from continuing operations | Average earning assets | Average liabilities | Year end assets |"}
{"_id": "d879d7714", "title": "", "text": "| Fiscal 2014 Quarter Ended | (In millions, except per share amounts) | Total net revenue | Cost of revenue | All other costs and expenses | Operating income (loss) from continuing operations | Net income (loss) from continuing operations | Net income (loss) from discontinued operations | Net income (loss) | Basic net income (loss) per share from continuing operations | Basic net income (loss) per share from discontinued operations | Basic net income (loss) per share | Diluted net income (loss) per share from continuing operations | Diluted net income (loss) per share from discontinued operations | Diluted net income (loss) per share |"}
{"_id": "d879b9bb0", "title": "", "text": "| (Dollars in thousands) One Year  or Less After One Year and Through Five Years After  Five Years Total | Fixed rate loans: | Commercial loans | Premium wine | Community development loans | Consumer and other | Total fixed-rate loans | Variable-rate loans: | Commercial loans | Premium wine | Community development loans | Consumer and other | Total variable-rate loans |"}
{"_id": "d81332ff4", "title": "", "text": "| Total cost of shares purchased Total number of shares purchased Average price paid per share | 2008 | 2007 | 2006 |"}
{"_id": "d82581ef8", "title": "", "text": "| 2013 2012 2011 | Weighted-average fair value ($) | Risk-free interest rate (%) | Average expected option life (years) | Expected volatility (%) | Expected dividend yield (%) |"}
{"_id": "d816cac7a", "title": "", "text": "guidance to amend or clarify portions of the final rule in 2013.\nWe anticipate that if the EPA issues additional responses, amendments and/or policy guidance on the final rule, it will reduce the anticipated capital, operations and maintenance costs resulting from the regulation.\nGenerally, the NSPS final rule will require expenditures for updated emissions controls, monitoring and record-keeping requirements at affected facilities in the crude-oil and natural gas industry.\nWe do not expect these expenditures will have a material impact on our results of operations, financial position or cash flows.\nCERCLA - The federal Comprehensive Environmental Response, Compensation and Liability Act, also commonly known as Superfund (CERCLA), imposes strict, joint and several liability, without regard to fault or the legality of the original act, on certain classes of “persons” (defined under CERCLA) that caused and/or contributed to the release of a hazardous substance into the environment.\nThese persons include but are not limited to the owner or operator of a facility where the release occurred and/or companies that disposed or arranged for the disposal of the hazardous substances found at the facility.\nUnder CERCLA, these persons may be liable for the costs of cleaning up the hazardous substances released into the environment, damages to natural resources and the costs of certain health studies.\nNeither we nor ONEOK Partners expect our respective responsibilities under CERCLA, for this facility and any other, will have a material impact on our respective results of operations, financial position or cash flows.\nChemical Site Security - The United States Department of Homeland Security released an interim rule in April 2007 that requires companies to provide reports on sites where certain chemicals, including many hydrocarbon products, are stored.\nWe completed the Homeland Security assessments, and our facilities subsequently were assigned one of four risk-based tiers ranging from high (Tier 1) to low (Tier 4) risk, or not tiered at all due to low risk.\nTo date, four of our facilities have been given a Tier 4 rating.\nFacilities receiving a Tier 4 rating are required to complete Site Security Plans and possible physical security enhancements.\nWe do not expect the Site Security Plans and possible security enhancements cost will have a material impact on our results of operations, financial position or cash flows.\nPipeline Security - The United States Department of Homeland Security’s Transportation Security Administration and the DOT have completed a review and inspection of our “critical facilities” and identified no material security issues.\nAlso, the Transportation Security Administration has released new pipeline security guidelines that include broader definitions for the determination of pipeline “critical facilities.\n” We have reviewed our pipeline facilities according to the new guideline requirements, and there have been no material changes required to date.\nEnvironmental Footprint - Our environmental and climate change strategy focuses on taking steps to minimize the impact of our operations on the environment.\nThese strategies include: (i) developing and maintaining an accurate greenhouse gas emissions inventory according to current rules issued by the EPA; (ii) improving the efficiency of our various pipelines, natural gas processing facilities and natural gas liquids fractionation facilities; (iii) following developing technologies for emission control and the capture of carbon dioxide to keep it from reaching the atmosphere; and (iv) utilizing practices to reduce the loss of methane from our facilities.\nWe participate in the EPA’s Natural Gas STAR Program to voluntarily reduce methane emissions.\nWe continue to focus on maintaining low rates of lost-and-unaccounted-for natural gas through expanded implementation of best practices to limit the release of natural gas during pipeline and facility maintenance and operations.\nEMPLOYEESWe employed 4,859 people at January 31, 2013, including 705 people at Kansas Gas Service who are subject to collective bargaining agreements.\nThe following table sets forth our contracts with collective bargaining units at January 31, 2013:"}
{"_id": "d8c18d626", "title": "", "text": "| For the Year Ended December 31, 2005 For the Year Ended December 31, 2004 | (in millions, except per share data) | Revenues | Net Earnings | Earnings Per Share: | Basic | Diluted |"}
{"_id": "d88dcb77a", "title": "", "text": "| Options Weighted-Average Exercise Price | Balance, January 1, 2000 | Granted | Exercised | Forfeited | Balance, December 31, 2000 | Granted | Exercised | Forfeited | Balance, December 31, 2001 | Granted | Exercised | Forfeited | Balance, December 31, 2002 |"}
{"_id": "d8aae8b3c", "title": "", "text": "| Year Ended December 31, 2005 Standard Lines Specialty Lines OtherInsurance Total | (In millions) | Pretax unfavorable net prior year claim and | allocated claim adjustment expense development, | excluding the impact of corporate aggregate | reinsurance treaties: | Core (Non-APMT) | APMT | Total | Ceded losses related to corporate aggregate | reinsurance treaties | Pretax unfavorable net prior year development | before impact of premium development | Unfavorable (favorable) premium | development, excluding impact of corporate | aggregate reinsurance treaties | Ceded premiums related to corporate aggregate | reinsurance treaties | Total premium development | Total 2005 unfavorable net prior year development | (pretax) |"}
{"_id": "d873efe3c", "title": "", "text": "Asset allocations are reviewed and rebalanced periodically based on funded status.\nFor 2019, the investment strategy for Plan assets is to maintain a broadly diversified portfolio designed to achieve our target of an average long-term rate of return of 5.20%.\nWhile we believe we can achieve a long-term average return of 5.20%, we cannot be certain that the portfolio will perform to our expectations.\nAssets are strategically allocated among debt and equity portfolios to achieve a diversification level that reduces fluctuations in investment returns.\nAsset allocation target ranges and strategies are reviewed periodically with the assistance of an independent external consulting firm."}
{"_id": "d8ea983ae", "title": "", "text": "| In Millions | Payments Due | Total | CMS Energy, including Consumers | Total PPAs | Other | Consumers | PPAs | MCV PPA | Palisades PPA | Related-party PPAs | Other PPAs | Total PPAs | Other |"}
{"_id": "d8e4ea592", "title": "", "text": "| Years Ended December 31, | 2014 | (In millions) | Net investment income — in the above yield table | Real estate discontinued operations | Scheduled periodic settlement payments on derivatives not qualifying for hedge accounting | Equity method operating joint ventures | Contractholder-directed unit-linked investments | Divested Businesses | Incremental net investment income from CSEs | Net investment income — GAAP consolidated statements of operations |"}
{"_id": "d897e43c4", "title": "", "text": "| Fair Value Gains (Losses) Year ended | In millions | Assets | Nonaccrual loans | Loans held for sale | Equity investments | Commercial mortgage servicing rights | Other intangible assets | OREO and foreclosed assets | Long-lived assets held for sale | Total assets |"}
{"_id": "d8e9bc534", "title": "", "text": "| AAG  December 31, American  December 31, | 2014 | Cash | Short-term investments | Restricted cash and short-term investments -1 | Total cash, short-term investments and restricted cash and short-term investments | Citicorp | In billions of dollars | Principal amount of credit card receivables in trusts | Ownership interests in principal amount of trust credit card receivables | Sold to investors via trust-issued securities | Retained by Citigroup as trust-issued securities | Retained by Citigroup via non-certificated interests | Total ownership interests in principal amount of trust credit card receivables | Other amounts recorded on the balance sheet related to interests retained in the trusts | Other retained interests in securitized assets | Residual interest in securitized assets-1 | Amounts payable to trusts | In millions of dollars | Net interest revenue | Non-interest revenue | Total revenues, net of interest expense | Total operating expenses | Net credit losses | Credit reserve build (release) | Provision for benefits and claims | Provision for unfunded lending commitments | Provisions for credit losses and for benefits and claims | (Loss) from continuing operations before taxes | Benefits for income taxes | (Loss) from continuing operations | Net income attributable to noncontrolling interests | Net (loss) | Average assets(in billions of dollars) | Net credit losses as a percentage of average loans |"}
{"_id": "d8c1fed58", "title": "", "text": "| Year Ended December 31 | ($ in millions, except per share amounts) | Sales and Service Revenues | Goodwill Impairment | Operating income (loss) | Net earnings (loss) | Total assets | Long-term debt -1 | Total long-term obligations | Free cash flow -2 | Basic earnings (loss) per share | Diluted earnings (loss) per share | Stock-based  compensation expense | (millions, except per share data) | 2006: | As reported comparable | SFAS No. 123(R) adoption impact | As reported total | 2005: | As reported comparable | Pro forma incremental | Pro forma total |"}
{"_id": "d877c9c42", "title": "", "text": "| Change | Fiscal Year | 2015 | Net Income | Net Income, as a % of Revenue | Diluted EPS |"}
{"_id": "d8194e91a", "title": "", "text": "| 2010 2009 2008 % Change2010 v 2009 % Change2009 v 2008 | Average train speed (miles per hour) | Average terminal dwell time (hours) | Average rail car inventory (thousands) | Gross ton-miles (billions) | Revenue ton-miles (billions) | Operating ratio | Employees (average) | Customer satisfaction index |"}
{"_id": "d8d998374", "title": "", "text": "NONINTEREST INCOME Summary Noninterest income was $3.367 billion for 2008 and $3.790 billion for 2007.\nNoninterest income for 2008 included the following: ?\nGains of $246 million related to the mark-to-market adjustment on our BlackRock LTIP shares obligation, ?\nLosses related to our commercial mortgage loans held for sale of $197 million, net of hedges, ?\nImpairment and other losses related to alternative investments of $179 million, ?\nIncome from Hilliard Lyons totaling $164 million, including the first quarter gain of $114 million from the sale of this business, ?\nNet securities losses of $206 million, ?\nA first quarter gain of $95 million related to the redemption of a portion of our Visa Class B common shares related to Visas March 2008 initial public offering, ?\nA third quarter $61 million reversal of a legal contingency reserve established in connection with an acquisition due to a settlement, ?\nTrading losses of $55 million, ?\nA $35 million impairment charge on commercial mortgage servicing rights, and ?\nEquity management losses of $24 million.\nNoninterest income for 2007 included the following: ?\nThe impact of $82 million gain recognized in connection with our transfer of BlackRock shares to satisfy a portion of PNCs LTIP obligation and a $209 million net loss on our LTIP shares obligation, ?\nIncome from Hilliard Lyons totaling $227 million, ?\nTrading income of $104 million, ?\nEquity management gains of $102 million, and ?\nGains related to our commercial mortgage loans held for sale of $3 million, net of hedges.\nApart from the impact of these items, noninterest income increased $16 million in 2008 compared with 2007.\nAdditional analysis Fund servicing fees increased $69 million in 2008, to $904 million, compared with $835 million in 2007.\nThe impact of the December 2007 acquisition of Albridge Solutions Inc.  (Albridge Solutions) and growth in Global Investment Servicings offshore operations were the primary drivers of this increase."}
{"_id": "d85fff2ba", "title": "", "text": "Mammography/Breast Care product sales increased 74% in fiscal 2007 compared to fiscal 2006 primarily due to a $178.0 million increase in digital mammography system sales, an increase of $50.1 million in breast biopsy device sales from Suros and a $8.4 million increase in CAD product sales from R2.\nSuros and R2 are entities we acquired in the fourth quarter of fiscal 2006.\nPrior to our acquisition of R2 we had sold CAD products together with our digital mammography systems, primarily from R2 as a distributor.\nThe increase in CAD product sales represents the additional CAD sales made without our digital mammography systems.\nThese increases were partially offset by an $8.6 million decrease in MultiCare stereotactic table sales and an $8.3 million decrease in analog mammography systems sales.\nThe increase in our digital mammography product sales was primarily attributable to an increase in the number of Selenia systems and related components sold, primarily in the United States.\nIn fiscal 2007, we sold 1,189 digital mammography systems compared to 555 systems in fiscal 2006.\nThis revenue was partially offset by a decrease in average selling prices primarily attributable to increased competition, higher dealer sales, changes in product configuration and increased multi-system sales.\nWe attribute the increase in digital mammography system sales primarily to the growing acceptance of our Selenia mammography system and of digital mammography in general.\nThe decrease in MultiCare stereotactic tables was primarily attributable to a decrease in the number of systems sold worldwide in the current fiscal year compared to fiscal 2006 due in part to higher demand in 2006 related to increased sales activity following our acquisition of Fischers mammography intellectual property in September 2005 and, to a lesser extent, a decrease in average selling prices primarily in the United States.\nThe decrease in sales of our analog mammography systems was primarily attributable to a decrease in the number of systems sold worldwide and, to a lesser extent, a decrease in average selling prices.\nWe believe that this decrease in analog system sales was primarily due to the shift in product sales to digital systems.\nWe expect sales for analog systems to continue to decrease in fiscal 2008.\nOsteoporosis assessment product sales decreased 25% in fiscal 2007 compared to fiscal 2006.\nThis decrease was primarily due to a $13.9 million decrease in product sales in the United States primarily due to a decrease in the number of bone densitometry systems sold and, to a lesser extent, a decrease in the average selling prices.\nWe believe this decrease in our domestic unit sales reflect a decline in market conditions due to a reduction in reimbursement for osteoporosis assessment exams.\nOther product sales increased 105% in fiscal 2007 compared to fiscal 2006.\nThis increase was primarily due to the addition of $29.6 million of sales from AEG, acquired during the third quarter of fiscal 2006, and an $8.7 million increase in our mini C-arm system sales.\nThe increase in mini C-arm revenue is primarily the result of an increase in the number of systems sold in the United States and Europe.\nIn fiscal 2007, approximately 75% of product sales were generated in the United States, 15% in Europe, 5% in Asia, and 5% in other international markets.\nIn fiscal 2006, approximately 72% of product sales were generated in the United States, 17% in Europe, 7% in Asia, and 4% in other international markets.\nWe believe the higher growth in sales dollars to the United States market is primarily due to an increase in demand for our Selenia digital mammography system as adoption of digital mammography is occurring at an increased rate in the United States as compared to international markets."}
{"_id": "d8c3ab1ec", "title": "", "text": "During 2008, certain financial markets continued to experience price declines due to market and liquidity disruptions.\nWe experienced this illiquidity and disruption in certain of our MBS, CMBS and ABS fixed income securities, particularly in our Prime residential mortgage-backed securities (‘‘Prime’’), Alt-A, CMBS, CRE CDO, ABS RMBS, ABS CDO and other collateralized debt obligations (‘‘other CDO’’) portfolios.\nThese portfolios totaled $7.90 billion, or approximately 8% of our total investments at December 31, 2008.\nOther securities markets, including certain other asset-backed and real estate-backed securities markets, also experienced illiquidity, but to a lesser degree.\nWe determine the fair values of securities comprising these illiquid portfolios by obtaining information from an independent third-party valuation service provider and brokers.\nWe confirmed the reasonableness of the fair value of these portfolios as of December 31, 2008 by analyzing available market information including, but not limited to, collateral quality, anticipated cash flows, credit enhancements, default rates, loss severities, securities’ relative position within their respective capital structures, and credit ratings from statistical rating agencies."}
{"_id": "d8a7c235e", "title": "", "text": "| At December 31, 2016 A.M. Best Rating(a) Gross Reinsurance Assets Percent of Reinsurance Assets (b) Uncollateralized Reinsurance Assets | (in millions) | Reinsurer: | Swiss Reinsurance Group of Companies | Berkshire Hathaway Group of Companies | Munich Reinsurance Group of Companies |"}
{"_id": "d898ef12e", "title": "", "text": "| (Dollars in millions, except per share amounts) Fiscal2017 Fiscal2016 Fiscal2015 2017-2016% Change 2016-2015% Change | Total net revenue | Operating income from continuing operations | Net income from continuing operations | Diluted net income per share from continuing operations |"}
{"_id": "d87c4519a", "title": "", "text": "| (in thousands) | Cash paid | Fair value of shares to be acquired through a follow-on merger | Fair value of equity awards allocated to purchase consideration | Total purchase consideration | Goodwill | Identifiable intangibles assets acquired | Cash and other assets acquired | Liabilities assumed | Total purchase allocation |"}
{"_id": "d8c813054", "title": "", "text": "Share Repurchase Plan On April 23, 2008, the board of directors authorized a new share repurchase program of up to $1.5 billion with no stated expiration date.\nDuring the year ended December 31, 2009, there were no purchases under this program (December 31, 2008: 5.5 million common shares purchased under this program at a cost of $139.4 million, and 6.1 million shares purchased under the prior share repurchase plan at a cost of $154.5 million), leaving approximately $1.4 billion authorized at the end of the year.\nSeparately, an aggregate of 1.6 million shares were withheld on vesting events during the year ended December 31, 2009, to meet employees’ tax obligations (December 31, 2008: 0.3 million).\nThe value of these shares withheld was $22.9 million (December 31, 2008: $4.6 million)."}
{"_id": "d8f89e6ce", "title": "", "text": "HESS CORPORATION AND CONSOLIDATED SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 75 major oil companies damaged the groundwater in Maryland by introducing thereto gasoline with MTBE.\nThe suit filed in Maryland was filed in state court, but has not been served to date.\nIn September 2003, we received a directive from the New Jersey Department of Environmental Protection (NJDEP) to remediate contamination in the sediments of the Lower Passaic River.\nThe NJDEP is also seeking natural resource damages.\nThe directive, insofar as it affects us, relates to alleged releases from a petroleum bulk storage terminal in Newark, New Jersey we previously owned.\nWe and over 70 companies entered into an Administrative Order on Consent with the Environmental Protection Agency (EPA) to study the same contamination; this work remains ongoing.\nWe and other parties settled a cost recovery claim by the State of New Jersey and also agreed with EPA to fund remediation of a portion of the site.\nOn March 4, 2016, the EPA issued a Record of Decision (ROD) in respect of the lower eight miles of the Lower Passaic River, selecting a remedy that includes bank-to-bank dredging at an estimated cost of $1.38 billion.\nThe ROD does not address the upper nine miles of the Lower Passaic River or the Newark Bay, which may require additional remedial action.\nIn addition, the federal trustees for natural resources have begun a separate assessment of damages to natural resources in the Passaic River.\nGiven that the EPA has not selected a remedy for the entirety of the Lower Passaic River or the Newark Bay, total remedial costs cannot be reliably estimated at this time.\nBased on currently known facts and circumstances, we do not believe that this matter will result in a significant liability to us because there are numerous other parties who we expect will share in the cost of remediation and damages and our former terminal did not store or use contaminants which are of the greatest concern in the river sediments and could not have contributed contamination along most of the river’s length.\nIn March 2014, we received an Administrative Order from EPA requiring us and 26 other parties to undertake the Remedial Design for the remedy selected by the EPA for the Gowanus Canal Superfund Site in Brooklyn, New York.\nThe remedy includes dredging of surface sediments and the placement of a cap over the deeper sediments throughout the Canal and in-situ stabilization of certain contaminated sediments that will remain in place below the cap.\nEPA has estimated that this remedy will cost $506 million; however, the ultimate costs that will be incurred in connection with the design and implementation of the remedy remain uncertain.\nOur alleged liability derives from our former ownership and operation of a fuel oil terminal and connected ship-building and repair facility adjacent to the Canal.\nWe indicated to EPA that we would comply with the Administrative Order and are currently contributing funding for the Remedial Design based on an interim allocation of costs among the parties.\nAt the same time, we are participating in an allocation process whereby a neutral expert selected by the parties will determine the final shares of the Remedial Design costs to be paid by each of the participants.\nOn September 28, 2017, we received a general notice letter and offer to settle from the U. S.  Environmental Protection Agency relating to Superfund claims for the Ector Drum, Inc.  Superfund Site in Odessa, TX.\nThe EPA and Texas Commission on Environmental Quality (TCEQ) took clean-up and response action at the site commencing in 2014 and concluded in December 2015.\nThe site was determined to have improperly stored industrial waste, including drums with oily liquids.\nThe total clean-up cost incurred by the EPA was approximately $3.5 million.\nWe were invited to negotiate a voluntary settlement for our purported share of the clean-up costs.\nOur share, if any, is undetermined.\nFrom time to time, we are involved in other judicial and administrative proceedings, including proceedings relating to other environmental matters.\nWe cannot predict with certainty if, how or when such proceedings will be resolved or what the eventual relief, if any, may be, particularly for proceedings that are in their early stages of development or where plaintiffs seek indeterminate damages.\nNumerous issues may need to be resolved, including through potentially lengthy discovery and determination of important factual matters before a loss or range of loss can be reasonably estimated for any proceeding.\nSubject to the foregoing, in management’s opinion, based upon currently known facts and circumstances, the outcome of the aforementioned proceedings are not expected to have a material adverse effect on our financial condition, results of operations or cash flows.\nUnconditional Purchase Obligations and Commitments The following table shows aggregate information for certain unconditional purchase obligations and commitments at December 31, 2017, which are not included elsewhere within these Consolidated Financial Statements:"}
{"_id": "d8f5eaea0", "title": "", "text": "| Year Estimated CTC Revenue Estimated Stranded Cost Amortization | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | December 31, 2005 | Amortized Cost | Cash and cash equivalents | Marketable equity securities | U.S. Treasury obligations and direct obligations of U.S. government agencies | Other debt securities | Total available-for-sale securities | December 31, 2004 | Amortized Cost | Cash and cash equivalents | Equity securities | U.S. Treasury obligations and direct obligations of U.S. government agencies | Other debt securities | Total available-for-sale securities |"}
{"_id": "d813b8f64", "title": "", "text": "| 2009 2008 | Balance at January 1, | Unit redemptions | Fair market value amortization | Other | Balance at December 31, |"}
{"_id": "d8aa516b0", "title": "", "text": "| December 31, 2006 December 31, 2005 | In the Event of Death | (dollars in millions) | Variable Annuity Contracts | Return of net deposits | Account value | Net amount at risk | Average attained age of contractholders | Minimum return or contract value | Account value | Net amount at risk | Average attained age of contractholders | Average period remaining until earliest expected annuitization |"}
{"_id": "d8eca5016", "title": "", "text": "| December 31, 2012 December 31, 2011 | ContractType | Derivatives designated as hedging instruments: | Cash flow hedges | Fixed price | -Natural gas (Bcf) | -Crude oil and NGLs (MMBbl) | Basis | -Natural gas (Bcf) | Interest-rate contracts (Millions of dollars) | Fair value hedges | Basis | -Natural gas (Bcf) | Derivatives not designated as hedging instruments: | Fixed price | -Natural gas (Bcf) | Options | Basis | -Natural gas (Bcf) | Index | -Natural gas (Bcf) |"}
{"_id": "d8ac92ec4", "title": "", "text": "| Year Ended December 31, | 2007 | (In thousands, except per share data) | Statements of Operations Data: | Revenues: | Rental and management | Network development services | Total operating revenues | Operating expenses: | Costs of operations (exclusive of items shown separately below) | Rental and management | Network development services | Depreciation, amortization and accretion | Selling, general, administrative and development expense | Impairments, net loss on sale of long-lived assets, restructuring and merger related expense | Total operating expenses | Operating income (loss) | Interest income, TV Azteca, net | Interest income | Interest expense | Loss on retirement of long-term obligations | Other income (expense) | Income (loss) before income taxes, minority interest and income (loss) on equity method investments | Income tax (provision) benefit | Minority interest in net earnings of subsidiaries | Income (loss) on equity method investments | Income (loss) from continuing operations before cumulative effect of change in accounting principle | Basic and diluted income (loss) per common share from continuing operations before cumulative effect of change in accountingprinciple(1) | Weighted average common shares outstanding-1 | Basic | Diluted | Other Operating Data: | Ratio of earnings to fixed charges-2 |"}
{"_id": "d86b5f20e", "title": "", "text": "| Cash portion of consideration $14,527 | Fair value of Boston Scientific common stock | Fair value of Boston Scientific options exchanged for Guidant stock options | Buyout of options for certain former employees | 27,588 | Other acquisition-related costs | Johnson & Johnson termination fee | Other direct acquisition costs | $28,358 |"}
{"_id": "d81da97f8", "title": "", "text": "Management’s Discussion and Analysis of Financial Condition and Results of Operations assumed and actual policyholder behavior and between the performance of the actively managed funds underlying the separate accounts and their respective indices.\nWhile the Company actively manages this dynamic hedging program, increased U. S.  GAAP earnings volatility may result from factors including, but not limited to: policyholder behavior, capital markets, divergence between the performance of the underlying funds and the hedging indices, changes in hedging positions and the relative emphasis placed on various risk management objectives.\nMacro Hedge Program The Company’s macro hedging program uses derivative instruments, such as options and futures on equities and interest rates, to provide protection against the statutory tail scenario risk arising from GMWB and GMDB liabilities on the Company’s statutory surplus.\nThese macro hedges cover some of the residual risks not otherwise covered by the dynamic hedging program.\nManagement assesses this residual risk under various scenarios in designing and executing the macro hedge program.\nThe macro hedge program will result in additional U. S.  GAAP earnings volatility as changes in the value of the macro hedge derivatives, which are designed to reduce statutory reserve and capital volatility, may not be closely aligned to changes in GAAP liabilities.\nVariable Annuity Hedging Program Sensitivities The underlying guaranteed withdrawal benefit liabilities (excluding the life contingent portion of GMWB contracts) and hedge assets within the GMWB hedge and Macro hedge programs are carried at fair value.\nThe following table presents our estimates of the potential instantaneous impacts from sudden market stresses related to equity market prices, interest rates, and implied market volatilities.\nThe following sensitivities represent: (1) the net estimated difference between the change in the fair value of GMWB liabilities and the underlying hedge instruments and (2) the estimated change in fair value of the hedge instruments for the macro program, before the impacts of amortization of DAC and taxes.\nAs noted in the preceding discussion, certain hedge assets are used to hedge liabilities that are not carried at fair value and will not have a liability offset in the U. S.  GAAP sensitivity analysis.\nAll sensitivities are measured as of December 31, 2016 and are related to the fair value of liabilities and hedge instruments in place at that date for the Company’s variable annuity hedge programs.\nThe impacts presented in the table that follows are estimated individually and measured without consideration of any correlation among market risk factors."}
{"_id": "d812ed62a", "title": "", "text": "Critical Accounting Policies and Estimates Our significant accounting policies are disclosed in Item 8, Financial Statements and Supplementary Data - Note 1, “Accounting Policies” to our Consolidated Financial Statements.\nThe accounting policies and estimates that we believe are the most critical to an understanding of our results of operations and financial condition are those that require complex management judgment regarding matters that are highly uncertain at the time policies were applied and estimates were made.\nThese accounting policies and estimates are discussed below; however, the additional accounting policy detail in the footnote previously referenced is important to the discussion of each of the topics.\nDifferent estimates reasonably could have been used in the current period that would have had a material effect on these financial statements, and changes in these estimates are likely to occur from period-to-period in the future.\nTaxation.\nWe operate in several countries and several states through our various subsidiaries, and must allocate our income, expenses, and earnings under the various laws and regulations of each of these taxing jurisdictions.\nAccordingly, our provision for income taxes represents our total estimate of the liability that we have incurred for doing business each year in all of our locations.\nAnnually we file tax returns that represent our filing positions within each jurisdiction and settle our return liabilities.\nEach jurisdiction has the right to audit those returns and may take different positions with respect to income and expense allocations and taxable earnings determinations.\nBecause the determinations of our annual provisions are subject to judgments and estimates, it is possible that actual results will vary from those recognized in our financial statements.\nAs a result, it is likely that additions to, or reductions of, income tax expense will occur each year for prior reporting periods as actual tax returns and tax audits are settled.\nthe nature of the business; making a significant accounting policyy change in certain situations; entering into transactions with affiliates; and incurring indebtedness through the subsidiaries (other than the borrower, Invesco Finance PLC).\nMany of these restrictions are subject to certain minimum thresholds and exceptions.\nFinancial covenants under the credit agreement include: (i) the quarterly maintenance of a debt/EBITDA leverage ratio, as defined in the credit agreement, of not greater than 3.25:1.00, (ii) a coverage ratio (EBITDA, as defined in the credit agreement/interest payable for the four consecutive fiscal quarters ended before the date of determination) of not less than 4.00:1.00.\nThe credit agreement governing the credit facility also contains customary provisions regarding events of default which could result in an acceleration or increase in amounts due, including (subject to certain materiality thresholds and grace periods) payment default, failure to comply with covenants, material inaccuracy of representation or warranty, bankruptcy or insolvency proceedings, change of control, certain judgments, ERISA matters, cross-default to other debt agreements, governmental action prohibiting or restricting the company or its subsidiaries in a manner that has a material adverse effect and failure of certain guaranty obligations.\nThe company is in compliance with all regulatory minimum net capital requirements.\nThe lenders (and their respective affiliates) may have provided, and may in the future provide, investment banking, cash management, underwriting, lending, commercial banking, leasing, foreign exchange, trust or other advisory services to the company a and its subsidiaries and affiliates.\nThese parties may have received, and may in the future receive, customary compensation forrthese services.\nAt December 31, 2017, the company maintains approximately $10.6 million in letters of credit from a variety of banks.\nThe letters of credit are generally one-year automatically-renewable facilities and are maintained for various commercial reasons."}
{"_id": "d85d52e4a", "title": "", "text": "| $ in millions Pension Plans Medical and Life Plans | Year Ending December 31 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 through 2018 | 2008 | $ in millions | Information & Services | Mission Systems | Information Technology | Technical Services | Aerospace | Integrated Systems | Space Technology | Electronics | Shipbuilding | Total backlog |"}
{"_id": "d86d241ac", "title": "", "text": "| Gulf Coast 2015 2016 2017 2018 AnnualAverage for2015-2018 | (Dollars in millions unless otherwise stated) | Net Coal and Nuclear Capacity (MW)(a) | Forecasted Coal and Nuclear Capacity (MW)(b) | Total Coal and Nuclear Sales (MW)(c) | Percentage Coal and Nuclear Capacity Sold Forward(d) | Total Forward Hedged Revenues(e) | Weighted Average Hedged Price ($ per MWh)(e) | Average Equivalent Natural Gas Price ($ per MMBtu)(e) | Gas Price Sensitivity Up $0.50/MMBtu on Coal and Nuclear Units | Gas Price Sensitivity Down $0.50/MMBtu on Coal and Nuclear Units | Heat Rate Sensitivity Up 1 MMBtu/MWh on Coal and Nuclear Units | Heat Rate Sensitivity Down 1 MMBtu/MWh on Coal and Nuclear Units |"}
{"_id": "d8cb9bfdc", "title": "", "text": "The following is a summary of line of business results.\nThese results exclude the income (loss) from discontinued operations related to our previously discussed divestiture of Bel Air.\nThe Other/One-Time column for 2005 includes the additional gain from our sale of the Private Asset Management business, and for 2004, includes merger and integration costs related to the GSS acquisition."}
{"_id": "d861c8b28", "title": "", "text": "| Twelve Months Ended | (Millions of Dollars) | Operating revenues | Purchased power | Fuel | Net revenues | Operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Electric operating income |"}
{"_id": "d8a626a86", "title": "", "text": "December 31, 2012, 2011 and 2010 was $(30) million, $98 million and $65 million, respectively.\nThe cumulative tax benefit related to the adjustment for pension and other postretirement benefits at December 31, 2012 and 2011 was approximately $960 million and $990 million, respectively.\nThere was no tax (cost) benefit related to the change in the unrealized gain (loss) on marketable securities for the year ended December 31, 2012.\nThe tax (cost) benefit related to the change in the unrealized gain (loss) on marketable securities for the years ended December 31, 2011 and 2010 was $(0.2) million and $0.6 million, respectively.\nThe tax benefit related to the change in the unrealized gain (loss) on derivatives for the years ended December 31, 2012, 2011 and 2010 was $4 million, $19 million and $1 million, respectively.18.\nEmployee Savings Plan PPGs Employee Savings Plan (Savings Plan) covers substantially all U. S.  employees.\nThe Company makes matching contributions to the Savings Plan, at management's discretion, based upon participants savings, subject to certain limitations.\nFor most participants not covered by a collective bargaining agreement, Company-matching contributions are established each year at the discretion of the Company and are applied to participant savings up to a maximum of 6% of eligible participant compensation.\nFor those participants whose employment is covered by a collective bargaining agreement, the level of Company-matching contribution, if any, is determined by the relevant collective bargaining agreement.\nThe Company-matching contribution was suspended from March 2009 through June 2010 as a cost savings measure in recognition of the adverse impact of the global recession.\nEffective July 1, 2010, the Company match was reinstated at 50% on the first 6% of compensation contributed for most employees eligible for the Company-matching contribution feature.\nThis included the union represented employees in accordance with their collective bargaining agreements.\nOn January 1, 2011, the Company match was increased to 75% on the first 6% of compensation contributed by these eligible employees and this level was maintained throughout 2012.\nCompensation expense and cash contributions related to the Company match of participant contributions to the Savings Plan for 2012, 2011 and 2010 totaled $28 million, $26 million and $9 million, respectively.\nA portion of the Savings Plan qualifies under the Internal Revenue Code as an Employee Stock Ownership Plan.\nAs a result, the dividends on PPG shares held by that portion of the Savings Plan totaling $18 million, $20 million and $24 million for 2012, 2011 and 2010, respectively, were tax deductible to the Company for U. S.  Federal tax purposes."}
{"_id": "d8cb39fb2", "title": "", "text": "| December 31, 2018 December 31, 2017 | PrudentialFinancial | (in millions) | General obligation short-term debt: | Commercial paper | Current portion of long-term debt | Subtotal | General obligation long-term debt: | Senior debt | Junior subordinated debt | Surplus notes -1 | Subtotal | Total general obligations | Limited and non-recourse borrowings -2 | Short-term debt | Current portion of long-term debt | Long-term debt | Subtotal | Total borrowings |"}
{"_id": "d8b975f1a", "title": "", "text": "| December 31, | 2011 | (in billions) | Assets Under Management and Administration | Advice & Wealth Management AUM | Asset Management AUM | Eliminations | Total Assets Under Management | Total Assets Under Administration | Total AUM and AUA |"}
{"_id": "d8ed02f90", "title": "", "text": "| Year Gallons Average Priceper Gallon Aircraft FuelExpense Percent of TotalOperating Expenses | 2017 | 2016 | 2015 | 2007 | (in millions) | Net income | Other comprehensive income (loss), net of tax: | Change in foreign currency translation adjustments | Change in net unrealized investments gains (losses)(1) | Additional minimum pension liability adjustment | Change in pension and postretirement unrecognized net periodic benefit (cost) | Other comprehensive loss, net of tax expense (benefit) of $11, ($264), ($371) | Comprehensive income | Pre-SFAS No. 158 | (in millions) | Other assets | Total assets | Income taxes | Other liabilities | Total liabilities | Accumulated other comprehensive income (loss) | Total stockholders’ equity | Year ended December 31, | 2007 | (in millions) | Impact on revenues and adjusted operating income: | International Insurance | International Investments | Total International Insurance and Investments Division |"}
{"_id": "d8c73c4be", "title": "", "text": "Equity Method Investment Earnings We include our share of the earnings of certain affiliates based on our economic ownership interest in the affiliates.\nSignificant affiliates include the Ardent Mills joint venture and affiliates that produce and market potato products for retail and foodservice customers.\nOur share of earnings from our equity method investments was $122.1 million ($119.1 million in the Commercial Foods segment and $3.0 million in the Consumer Foods segment) and $32.5 million ($29.7 million in the Commercial Foods segment and $2.8 million in the Consumer Foods segment) in fiscal 2015 and 2014, respectively.\nThe increase in fiscal 2015 compared to fiscal 2014 reflects the earnings from the Ardent Mills joint venture as well as higher profits for an international potato joint venture.\nThe earnings from the Ardent Mills joint venture reflect results for 11 months of operations, as we recognize earnings on a one-month lag, due to differences in fiscal year periods.\nIn fiscal 2014, earnings also reflected a $3.4 million charge reflecting the year-end write-off of actuarial losses in excess of 10% of the pension liability for an international potato venture."}
{"_id": "d8e2f52dc", "title": "", "text": "| -1 (2) December 31, 2009 December 31, 2008 | NAIC Designation | (in millions) | 1 | 2 | Subtotal High or Highest Quality Securities | 3 | 4 | 5 | 6 | Subtotal Other Securities-4 | Total Public Fixed Maturities |"}
{"_id": "d8d3623c4", "title": "", "text": "The Company will continue to rely upon debt and capital markets for the majority of any necessary long-term funding not provided by operating cash flows.\nFunding decisions will be guided by our capital structure planning objectives.\nThe primary goals of the Company’s capital structure planning are to maximize financial flexibility and preserve liquidity while reducing interest expense.\nThe majority of International Paper’s debt is accessed through global public capital markets where we have a wide base of investors.\nMaintaining an investment grade credit rating is an important element of International Paper’s financing strategy.\nAt December 31, 2015, the Company held long-term credit ratings of BBB (stable outlook) and Baa2 (stable outlook) by S&P and Moody’s, respectively.\nContractual obligations for future payments under existing debt and lease commitments and purchase obligations at December 31, 2015, were as follows:"}
{"_id": "d86d88be8", "title": "", "text": "| Amount (In Millions) | 2007 net revenue | Rider revenue | Purchased power capacity | Volume/weather | Other | 2008 net revenue |"}
{"_id": "d8e9d7a0a", "title": "", "text": "| As of December 31, | 2017-4 | (In millions) | Consolidated Balance Sheet Data:-1 | Cash and cash equivalents | Short-term investments | Long-term investments | Working capital - continuing operations | Working capital - discontinued operations | Working capital total-2 | Total assets - continuing operations | Total assets - discontinued operations | Total assets | Short-term debt | Long-term debt | Total stockholders’ equity-3 |"}
{"_id": "d8200a768", "title": "", "text": "The discount rate assumptions used to account for pension and other postretirement benefit plans reflect the rates at which the benefit obligations could be effectively settled.\nRates for U. S.  and certain non-U.\nS.  plans at December 31, 2018 were determined using a cash flow matching technique whereby the rates of a yield curve, developed from high-quality debt securities, were applied to the benefit obligations to determine the appropriate discount rate.\nFor other non-U.\nS.  plans, we base the discount rate on comparable indices within each of the countries.\nThe Company measures the service cost and interest cost components of net periodic benefit cost for pension and other postretirement benefit plans by applying the specific spot rates along the yield curve to the plans’ projected cash flows.\nThe rate of compensation increase assumption is determined by the Company based upon annual reviews.\nThe expected long-term rate of return assumption for U. S.  pension plan assets is based upon the target asset allocation and is determined using forward-looking assumptions in the context of historical returns and volatilities for each asset class, as well as correlations among asset classes.\nWe evaluate the rate of return assumption on an annual basis.\nThe expected long-term rate of return assumption used in computing 2018 net periodic pension cost for the U. S.  plans was 8.00 percent.\nAs of December 31, 2018, the 5-year, 10-year and 15-year annualized return on plan assets for the primary U. S.  plan was 5.5 percent, 9.2 percent and 6.4 percent, respectively.\nThe annualized return since inception was 10.3 percent.\nThe assumed health care cost trend rates are as follows:"}
{"_id": "d8637aa20", "title": "", "text": "| Defined benefit pension plans | U.S. | December 31, (in millions) | Change in benefit obligation | Benefit obligation at beginning of year | Merger with Bank One | Benefits earned during the year | Interest cost on benefit obligations | Plan amendments | Employee contributions | Actuarial gain (loss) | Benefits paid | Curtailments | Special termination benefits | Foreign exchange impact and other | Benefit obligation at end of year | Change in plan assets | Fair value of plan assets at beginning of year | Merger with Bank One | Actual return on plan assets | Firm contributions | Benefits paid | Settlement payments | Foreign exchange impact and other | Fair value of plan assets at end of year | Reconciliation of funded status | Funded status | Unrecognized amounts: | Net transition asset | Prior service cost | Net actuarial (gain) loss | Prepaid benefit cost reported in Other assets | Accumulated benefit obligation |"}
{"_id": "d8a635432", "title": "", "text": "| Year Ended December 31 2018 over 2017 2017 over 2016 | ($ in millions) | Sales and service revenues | Segment operating income | As a percentage of segment sales |"}
{"_id": "d863562c4", "title": "", "text": "RETIREMENT PLANS Defined Benefit Plans Pension – This qualified noncontributory defined benefit plan is frozen to new participation.\nNo service-related benefits have been since July 1, 2013.\nAll participants in the Plan are currently 100% vested in their benefits.\nPlan assets consist principally of corporate equity securities, mutual fund investments, real estate, and fixed income investments.\nPlan benefits are paid as a lump-sum cash value or an annuity at retirement age.\nContributions to the plan are based on actuarial recommendation and pension regulations.\nAlthough there was no minimum regulatory contribution required in 2016, we elected to contribute $4 million to the pension plan.\nCurrently, it is expected that no minimum regulatory contributions will be required in 2017.\nSupplemental Retirement – These unfunded nonqualified plans are for certain current and former employees.\nEach year, Company contributions to these plans are made in amounts sufficient to meet benefit payments to plan participants.\nPostretirement Medical/Life – This unfunded health care and life insurance plan provides postretirement medical benefits to certain full-time employees who meet minimum age and service requirements.\nThe plan also provides specified life insurance benefits to certain employees.\nThe plan is contributory with retiree contributions adjusted annually, and contains other cost-sharing features such as deductibles and coinsurance.\nPlan coverage is provided by self-funding or health maintenance organization options.\nOur contribution towards the retiree medical premium has been permanently frozen at an amount that does not increase in any future year.\nRetirees pay the difference between the full premium rates and our capped contribution."}
{"_id": "d8bc26d36", "title": "", "text": "AMERICAN AIRLINES, INC.  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS — (Continued) temporary, targeted funding relief (subject to certain terms and conditions) for single employer and multiemployer pension plans that suffered significant losses in asset value due to the steep market slide in 2008.\nUnder the Relief Act, the Company’s 2010 minimum required contribution to its defined benefit pension plans was reduced from $525 million to approximately $460 million.\nThe following benefit payments, which reflect expected future service as appropriate, are expected to be paid:"}
{"_id": "d8a3913f2", "title": "", "text": "MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (Continued) The following results drove changes in CCG operating income by approximately the amounts indicated:"}
{"_id": "d8c747ac6", "title": "", "text": "| Years Ended December 31, | Consolidated Statements of Cash Flows: | Effect of | adoption of | As previously | reported | (Dollars in thousands) | CASH FLOWS FROM OPERATING ACTIVITIES: | Change in other assets and liabilities, net | Net cash provided by (used in) operating activities | CASH FLOWS FROM FINANCING ACTIVITIES: | Cost of shares withheld for taxes on settlements of | share-based compensation awards | Net cash provided by (used in) financing activities | At December 31, | (Dollars in thousands) | The Prudential Insurance Company of America | Unaffiliated life insurance company |"}
{"_id": "d889e4bd4", "title": "", "text": "Operating cash flow from continuing operations for 2017 was $2.7 billion, a $191 million, or 8 percent increase compared with 2016, reflecting higher earnings and favorable changes in working capital.\nOperating cash flow from continuing operations of $2.5 billion in 2016 was a 23 percent increase compared to $2.0 billion in 2015, as comparisons benefited from income taxes of $424 million paid on the gains from divestitures in 2015.\nAt September 30, 2017, operating working capital as a percent of sales increased to 6.6 percent due to higher levels of working capital in the acquired valves & controls business, compared with 5.2 percent and 7.2 percent in 2016 and 2015, respectively.\nOperating cash flow from continuing operations funded capital expenditures of $476 million, dividends of $1,239 million, common stock purchases of $400 million, and was also used to partially pay down debt in 2017.\nProceeds of $5.1 billion from the sales of the network power systems and power generation, motors and drives businesses funded acquisitions of $2,990 million, cash used for discontinued operations of $778 million and repayments of short-term borrowings and long-term debt of approximately $1.3 billion.\nContributions to pension plans were $45 million in 2017, $66 million in 2016 and $53 million in 2015.\nCapital expenditures related to continuing operations were $476 million, $447 million and $588 million in 2017, 2016 and 2015, respectively.\nFree cash flow from continuing operations (operating cash flow less capital expenditures) was $2.2 billion in 2017, up 8 percent.\nFree cash flow was $2.1 billion in 2016, compared with $1.5 billion in 2015.\nThe Company is targeting capital spending of approximately $550 million in 2018.\nNet cash paid in connection with acquisitions was $2,990 million, $132 million and $324 million in 2017, 2016 and 2015, respectively.\nProceeds from divestitures not classified as discontinued operations were $39 million in 2017 and $1,812 million in 2015.\nDividends were $1,239 million ($1.92 per share) in 2017, compared with $1,227 million ($1.90 per share) in 2016 and $1,269 million ($1.88 per share) in 2015.\nIn November 2017, the Board of Directors voted to increase the quarterly cash dividend 1 percent, to an annualized rate of $1.94 per share.\nPurchases of Emerson common stock totaled $400 million, $601 million and $2,487 million in 2017, 2016 and 2015, respectively, at average per share prices of $60.51, $48.11 and $57.68.\nThe Board of Directors authorized the purchase of up to 70 million common shares in November 2015, and 56.9 million shares remain available for purchase under this authorization.\nThe Company purchased 6.6 million shares in 2017 under the November 2015 authorization.\nIn 2016, the Company purchased 12.5 million shares under a combination of the November 2015 authorization and the remainder of the May 2013 authorization.\nA total of 43.1 million shares were purchased in 2015 under the May 2013 authorization."}
{"_id": "d8b0af1e2", "title": "", "text": "| Cash, net of cash acquired $1,735 | Fair value of contingent consideration | $1,798 | Goodwill | Amortizable intangible assets | Indefinite-lived intangible assets | Inventory | Property, plant and equipment | Other net assets | Deferred income taxes | $1,798 | AmountAssigned(in millions) | Amortizable intangible assets: | Technology-related | Customer relationships | Other intangible assets | Indefinite-lived intangible assets: | In-process research & development | $1,080 |"}
{"_id": "d8e0d9570", "title": "", "text": "On October 16, 2014, the parent company established a $5.0 billion commercial paper program to provide additional liquidity.\nAs of December 31, 2014, there were no issuances outstanding under this program.\nFollowing the establishment of this parent company program, PNC Funding Corp terminated its $3.0 billion commercial paper program.\nNote 17 Equity in the Notes To Consolidated Financial Statements in Item 8 of this Report describes the 16,885,192 warrants outstanding, each to purchase one share of PNC common stock at an exercise price of $67.33 per share.\nThese warrants were sold by the U. S.  Treasury in a secondary public offering in May 2010 after the U. S.  Treasury exchanged its TARP Warrant.\nThese warrants will expire December 31, 2018, and are considered in the calculation of diluted earnings per common share in Note 16 Earnings Per Share in the Notes To Consolidated Financial Statements in Item 8 of this Report.\nStatus of Credit Ratings The cost and availability of short-term and long-term funding, as well as collateral requirements for certain derivative instruments, is influenced by PNCs debt ratings.\nIn general, rating agencies base their ratings on many quantitative and qualitative factors, including capital adequacy, liquidity, asset quality, business mix, level and quality of earnings, and the current legislative and regulatory environment, including implied government support."}
{"_id": "d8882265c", "title": "", "text": "Hologic, Inc.  Notes to Consolidated Financial Statements (continued) (In thousands, except per share data) As part of the purchase price allocation, all intangible assets that were a part of the acquisition were identified and valued.\nIt was determined that only customer relationship, trade name, developed technology and know how and in-process research and development had separately identifiable values.\nCustomer relationship represents Suros large installed base that are expected to purchase disposable products on a regular basis.\nTrade name represents the Suros product names that the Company intends to continue to use.\nDeveloped technology and know how represents currently marketable purchased products that the Company continues to resell as well as utilize to enhance and incorporate into the Companys existing products.\nThe estimated $4,900 of purchase price allocated to in-process research and development projects primarily related to Suros disposable products.\nThe projects were at various stages of completion and include next generation handpiece and site marker technologies.\nThe Company has continued to work on these projects and they are substantially complete as of September 27, 2008.\nThe deferred income tax liability relates to the tax effect of acquired identifiable intangible assets, and fair value adjustments to acquired inventory as such amounts are not deductible for tax purposes, partially offset by acquired net operating loss carry forwards that the Company believes are realizable.\nFor all of the acquisitions discussed above, goodwill represents the excess of the purchase price over the net identifiable tangible and intangible assets acquired.\nThe Company determined that the acquisition of each AEG, BioLucent, R2 and Suros resulted in the recognition of goodwill primarily because of synergies unique to the Company and the strength of its acquired workforce."}
{"_id": "d8eed0a8e", "title": "", "text": "Financing Activities Our cash flows from financing activities reflect issuances and repayments of debt, proceeds from stock issuances related to our equity incentive programs and repurchases of common stock pursuant to our authorized repurchase programs, discussed in Note L—Stockholders’ Equity to our 2012 consolidated financial statements included in Item 8 of this Annual Report.\nAdditionally, our financing activities included $146 million of contingent payments primarily associated with the achievement of receiving FDA approval of the S-ICD? system in September 2012.\nDebt We had total debt of $4.256 billion as of December 31, 2012 and $4.261 billion as of December 31, 2011.\nThe debt maturity schedule for the significant components of our debt obligations as of December 31, 2012 is as follows:"}
{"_id": "d8b5fc014", "title": "", "text": "Revenue from training, support and other services is recognized as the services are performed.\nThe Company applies the specific performance method to contracts in which the service consists of a single act, such as providing a training class to a customer, and the proportional performance method to other service contracts that are longer in duration and often include multiple acts (for example, both training and consulting).\nIn applying the proportional performance method, the Company typically utilizes output-based estimates for services with contractual billing arrangements that are not based on time and materials, and estimates output based on the total tasks completed as compared to the total tasks required for each work contract.\nInput-based estimates are utilized for services that involve general consultations with contractual billing arrangements based on time and materials, utilizing direct labor as the input measure.\nThe Company also executes arrangements through independent channel partners in which the channel partners are authorized to market and distribute the Company’s software products to end end-users of the Company’s products and services in specified territories.\nIn sales facilitated by channel partners, the channel partner bears the risk of collection from the end-user customer.\nThe Company recognizes revenue from transactions with channel partners when the channel partner submits a written purchase commitment, collectibility from the channel partner is probable, a signed license agreement is received from the end-user customer and delivery has occurred, provided that all other revenue recognition criteria are satisfied.\nRevenue from channel partner transactions is the amount remitted to the Company by the channel partners.\nThis amount includes a fee for PCS that is compensation for providing technical enhancements and the second level of technical support to the end-user, which is based on the rate charged for PCS when sold separately, and is recognized over the period that PCS is to be provided.\nThe Company does not offer right of return, product rotation or price protection to any of its channel partners.\nNon-income related taxes collected from customers and remitted to governmental authorities are recorded on the consolidated balance sheet as accounts receivable and accrued expenses.\nThe collection and payment of these amounts are reported on a net basis in the consolidated statements of income and do not impact reported revenues or expenses.\nThe Company warrants to its customers that its software will substantially perform as specified in the Company’s most current user manuals.\nThe Company has not experienced significant claims related to software warranties beyond the scope of maintenance support, which the Company is already obligated to provide, and consequently the Company has not established reserves for warranty obligations.\nCASH AND CASH EQUIVALENTS: Cash and cash equivalents consist primarily of highly liquid investments such as deposits held at major banks and money market mutual funds with original maturities of three months or less.\nCash equivalents are carried at cost, which approximates fair value.\nThe Company’s cash and cash equivalents balances comprise the following:"}
{"_id": "d8aadb5d6", "title": "", "text": "| Prudential Insurance PALAC | In millions and presented as of or for the year ended | Statutory net income (loss) | Statutory capital and surplus | As of December 31, | 2018 | (in millions) | U.S. GAAP liability (including non-performance risk) | Non-performance risk adjustment | Subtotal | Adjustments including risk margins and valuation methodology differences | Economic liability managed through the ALM strategy | Year ended December 31, | 2018 | (in millions) | Annualized new business premiums: | On an actual exchange rate basis: | Life Planner operations | Gibraltar Life-1 | Total-1 | On a constant exchange rate basis: | Life Planner operations | Gibraltar Life-1 | Total-1 | Year Ended December 31, 2018 | Life | (in millions) | Life Planner | Gibraltar Life-2: | Life Consultants | Banks | Independent Agency | Subtotal-2 | Total |"}
{"_id": "d8668661a", "title": "", "text": "The Company had $7,364 million and $6,675 million of cumulative earnings at December 31, 2014 and December 31, 2013, respectively, attributable to foreign subsidiaries for which no U. S.  provision has been recorded for income tax that could occur upon repatriation.\nAccordingly, $841 million and $736 million of deferred tax liabilities were not recorded with respect to these earnings at December 31, 2014 and December 31, 2013, respectively.\nDeferred income taxes reflect the net tax effects of temporary differences between the financial reporting and tax bases of assets and liabilities and are measured using the enacted tax rates and laws that will be in effect when such differences are expected to reverse.\nSignificant components of the Company’s deferred tax assets and liabilities at December 31, 2014 and December 31, 2013 were as follows:"}
{"_id": "d8b96305e", "title": "", "text": "Derivatives Not Designated As Hedging Instruments under GAAP Residential mortgage loans that will be sold in the secondary market, and the related loan commitments, which are considered derivatives, are accounted for at fair value.\nChanges in the fair value of the loans and commitments due to interest rate risk are hedged with forward contracts to sell mortgage-backed securities, as well as U. S.  Treasury and Eurodollar futures and options.\nGains and losses on the loans and commitments held for sale and the derivatives used to economically hedge them are included in Residential mortgage noninterest income on the Consolidated Income Statement.\nResidential mortgage servicing rights are accounted for at fair value with changes in fair value influenced primarily by changes in interest rates.\nDerivatives used to hedge the fair value of residential mortgage servicing rights include interest rate futures, swaps, options, and forward contracts to purchase mortgage-backed securities.\nGains and losses on residential mortgage servicing rights and the related derivatives used for hedging are included in Residential mortgage noninterest income.\nCommercial mortgage loans held for sale and the related loan commitments, which are considered derivatives, are accounted for at fair value.\nDerivatives used to economically hedge these loans and commitments from changes in fair value due to interest rate risk and credit risk include forward loan sale contracts, interest rate swaps, and credit default swaps.\nGains and losses on the commitments, loans and derivatives are included in Other noninterest income.\nDerivatives used to economically hedge the change in value of commercial mortgage servicing rights include interest rate futures, swaps\nIn the normal course of business, we originate or purchase loan products with contractual characteristics that, when concentrated, may increase our exposure as a holder of those loan products.\nPossible product features that may create a concentration of credit risk would include a high original or updated LTV ratio, terms that may expose the borrower to future increases in repayments above increases in market interest rates, and interest-only loans, among others.\nWe originate interest-only loans to commercial borrowers.\nSuch credit arrangements are usually designed to match borrower cash flow expectations (e. g. , working capital lines, revolvers).\nThese products are standard in the financial services industry and product features are considered during the underwriting process to mitigate the increased risk that the interest-only feature may result in borrowers not being able to make interest and principal payments when due.\nWe do not believe that these product features create a concentration of credit risk.\nAt December 31, 2017, we pledged $18.7 billion of commercial loans to the Federal Reserve Bank (FRB) and $62.8 billion of residential real estate and other loans to the Federal Home Loan Bank (FHLB) as collateral for the ability to borrow, if necessary."}
{"_id": "d892b083a", "title": "", "text": "| Year ended December 31 - dollars in millions 2008 2007 2006 2005 2004 | Allowance for loan and lease losses – January 1 | Charge-offs | Commercial | Commercial real estate | Equipment lease financing | Consumer | Residential real estate | Total charge-offs | Recoveries | Commercial (a) | Commercial real estate | Equipment lease financing | Consumer | Residential real estate | Total recoveries | Net charge-offs (a) | Provision for credit losses (b) | Acquired allowance – National City | Acquired allowance – other | Net change in allowance for unfunded loan commitments and letters of credit | Allowance for loan and lease losses – December 31 | Allowance as a percent of December 31: | Loans | Nonperforming loans | As a percent of average loans | Net charge-offs (a) | Provision for credit losses | Allowance for loan and lease losses | Allowance as a multiple of net charge-offs (a) |"}
{"_id": "d8bc043b2", "title": "", "text": "| Location Title Size (Sq. Ft.) Use | Houston, TX | Canonsburg, PA | Warwick, U.K. | Sydney, Australia |"}
{"_id": "d8edceafa", "title": "", "text": "| U.S. plans 2008 Non-U.S. plans | In millions of dollars | Pension (benefit) | expense-1 | Company | contributions-2 |"}
{"_id": "d8d172758", "title": "", "text": "| Year Ended December 31, | 2015 | (In millions) | Other associated costs | Restructuring charges | Total |"}
{"_id": "d86e1f958", "title": "", "text": "Bristol-Myers Squibb 8 RESULTS OF OPERATIONS The following discussions of the Companys results of continuing operations exclude the results related to the Oncology Therapeutics Network (OTN) business, which were previously presented as a separate segment prior to its divestiture in 2005, and have been segregated from continuing operations and reflected as discontinued operations for all periods presented.\nSee  Discontinued Operations below.\nThe Companys results of operations were as follows:"}
{"_id": "d89ba8244", "title": "", "text": "| (Millions) 2010 2009 | €650 million revolving credit facility, 0.8% as of Dec. 31, 2009 | Other, weighted average 3.39% as of Dec. 31, 2010 and 2.2% as of December 31, 2009 | Total |"}
{"_id": "d8a67f5c8", "title": "", "text": "| December 31, 2007 December 31, 2006 | Financial Services Businesses | Gross Carrying Value | ($ in millions) | Commercial loans by region: | U.S. Regions: | Pacific | South Atlantic | Middle Atlantic | East North Central | West South Central | Mountain | New England | West North Central | East South Central | Subtotal—U.S. | Asia | Other | Total Commercial Loans | December 31, 2007 | Financial Services Businesses | Gross Carrying Value | ($ in millions) | Commercial loans by property type: | Industrial buildings | Office buildings | Apartment complexes | Other | Retail stores | Agricultural properties | Residential properties | Subtotal of collateralized loans | Uncollateralized loans | Total Commercial Loans | December 31, 2007 | Financial Services Businesses | Gross Carrying Value | ($ in millions) | Maturing in 2008 | Maturing in 2009 | Maturing in 2010 | Maturing in 2011 | Maturing in 2012 | Maturing in 2013 | Maturing in 2014 | Maturing in 2015 | Maturing in 2016 | Maturing in 2017 and beyond | Total Commercial Loans | (In millions) | Fair value | Amortized cost | Net unrealized loss, pre-tax | Net unrealized loss, after-tax |"}
{"_id": "d872b9ce8", "title": "", "text": "As of December 31, 2015 and 2014, the Company had unsecured term loans outstanding of $225.0 million at an average interest rate of 2.4%.\nThese loans are included in the line ‘‘Term loan-variable rate’’ in the table above, and as of December 31, 2015 and 2014, the carrying value net of debt issuance costs was $224.5 million and $224.1 million, respectively.\nThe term loans are at a variable interest rate of LIBOR plus 1.05%.\nThe Company entered into interest rate swap contracts for a term of five years with a notional amount totaling $225.0 million, which effectively converted the interest rate on $225.0 million of the term loans to a fixed rate of 2.4%.\nThe $200 million tranche of this unsecured term loan has a maturity date of November 2016 and the $25 million tranche has a maturity date of August 2017.\nIn March 2015, the Company issued $500.0 million of senior unsecured notes due on April 1, 2025 with a coupon rate of 3.5% per annum and are payable on April 1st and October 1st of each year, beginning October 1, 2015 (the 2025 Notes).\nThe 2025 Notes were offered to investors at a price of 99.747% of par value."}
{"_id": "d8ec82098", "title": "", "text": "| 2005 2004 | ($ in millions) | Operating income (loss) | Gains and other income (expense) | Interest income, provision for loan losses and interest expense | Equity in earnings (losses) | Income (loss) before income taxes and minority interest | Tax (provision) benefit | Tax credits | Total tax (provision) benefit | Income from continuing operations before minority interest | Minority interest | Income from continuing operations |"}
{"_id": "d82d8f140", "title": "", "text": "| December 31 | 2013 | (Dollars in millions) | Allowance for loan and lease losses | Residential mortgage | Home equity | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer | U.S. commercial-1 | Commercial real estate | Commercial lease financing | Non-U.S. commercial | Total commercial-2 | Allowance for loan and lease losses | Reserve for unfunded lending commitments | Allowance for credit losses-3 |"}
{"_id": "d86249200", "title": "", "text": "| As of December 31, | 2014 | (Dollars in thousands) | BALANCE SHEET DATA: | Cash and cash equivalents | Total assets | Long-term debt, including current portion | Notes payable on real estate -4 | Total liabilities | Total CBRE Group, Inc. stockholders’ equity |"}
{"_id": "d8f8e150a", "title": "", "text": "Litigation OnMay 14, 1999, PCA was named as a defendant in two Consolidated Class Action Complaints whichalleged a civil violation of Section 1 of the Sherman Act.\nThe suits, then captioned Winoff Industries, Inc.  v.  Stone Container Corporation, MDL No.1261 (E. D.  Pa. ) and General Refractories Co.  v.  Gaylord ContainerCorporation, MDL No.1261 (E. D.  Pa. ), name PCA as a defendant based solely on the allegation that PCA is successor to the interests of Tenneco Packaging Inc.  and Tenneco Inc. , both of which were alsonamed as defendants inthe suits, along withnine other linerboard and corrugated sheet manufacturers.\nThe complaints allege that the defendants, during the period October 1, 1993 through November 30, 1995, conspired to limit the supply of linerboard, and that the purpose and effect of the alleged conspiracy was to artificially increase prices of corrugated containers and corrugated sheets, respectively.\nOn November 3, 2003, Pactiv (formerly known as Tenneco Packaging), Tenneco and PCA entered into an agreement to settle the class action lawsuits.\nThe settlement agreement provided for a full release of all claims against PCA as a result of the class action lawsuits and was approved by the Court in an opinion issued on April 21, 2004.\nApproximately 160 plaintiffs opted out of the class and together filed about ten direct action complaints in various federal courts across the country.\nAll of the opt-out complaints make allegations against the defendants, including PCA, substantially similar to those made in the class actions.\nThe settlement agreement does not cover these direct action cases.\nThese actions have almost all been consolidated as In reLinerboard, MDL 1261 (E. D.  Pa. ) for pretrial purposes.\nPactiv, Tenneco and PCA have reached an agreement to settle all of the opt-out cases.\nThese agreements provide for a full release of all claims against PCA as a result of litigation.\nPCA has made no payments to the plaintiffs as a result of the settlement of any of the opt-out suits.\nAs of the date of this filing, we believe it is not reasonably possible that the outcome of any pending litigation related to these matters will have a material adverse effect on our financial position, results ofoperations or cash flows.\nPCA is also party to various legal actions arising in the ordinary course of business.\nThese legal actionscover a broad variety of claims spanning our entire business.\nAs of the date of this filing, we believe it is"}
{"_id": "d8f63a9dc", "title": "", "text": "| Year Ended December 31 2013 2012 2011 | (In millions) | Fixed maturity securities | Short term investments | Limited partnership investments | Equity securities | Trading portfolio | Other | Gross investment income | Investment expense | Net investment income |"}
{"_id": "d86e9b738", "title": "", "text": "| 2016 | (in millions) | U.S. Treasury securities | U.S. government agency securities |"}
{"_id": "d868e3d36", "title": "", "text": "| Years Ended December 31, Percentage Change | (in millions) | Revenues: | Premiums | Policy fees | Net investment income | Advisory fee and other income | Benefits and expenses: | Policyholder benefits and losses incurred | Interest credited to policyholder account balances | Amortization of deferred policy acquisition costs | Non deferrable insurance commissions | Advisory fee expenses | General operating expenses | Pre-tax operating income | 2008 | Loss and loss expense ratio, as reported | Catastrophe losses | Prior period development | Loss and loss expense ratio, adjusted |"}
{"_id": "d8927fc3a", "title": "", "text": "| Payments Due by December 31, | Contractual ObligationsMillions | Debt [a] | Operating leases [b] | Capital lease obligations [c] | Purchase obligations [d] | Other post retirement benefits [e] | Income tax contingencies [f] | Total contractualobligations |"}
{"_id": "d89b9aab8", "title": "", "text": "| Options Number of Shares (in millions) Weighted- Average Exercise Price Weighted- Average Remaining Contractual Term Aggregate Intrinsic Value   (in millions) | Outstanding at July 1, 2005 | Granted | Assumed from Maxtor | Exercised | Forfeitures and cancellations | Outstanding at June 30, 2006 | Vested and expected to vest at June 30, 2006 | Exercisable at June 30, 2006 |"}
{"_id": "d8b657428", "title": "", "text": "| December 31, | (in millions) | Commercial | Commercial real estate | Leases | Total commercial | Residential mortgages | Home equity loans | Home equity lines of credit | Home equity loans serviced by others-1 | Home equity lines of credit serviced by others-1 | Automobile | Student | Credit cards | Other retail | Total retail | Total loans and leases-2 (3) |"}
{"_id": "d89392f64", "title": "", "text": "| Balance as of January 1, 2006 $751 | Additions charged to cost of revenue | Repairs and replacements | Balance as of December 31, 2006 | Additions charged to cost of revenue | Repairs and replacements | Balance as of December 30, 2007 | Additions charged to cost of revenue | Repairs and replacements | Balance as of December 28, 2008 |"}
{"_id": "d86ca166c", "title": "", "text": "| Year ended December 31, | 2006 | (in millions) | Operating results: | Revenues | Benefits and expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments(1) | Related charges-2 | Investment gains (losses) on trading account assets supporting insurance liabilities, net(3) | Change in experience-rated contractholder liabilities due to asset value changes-4 | Income from continuing operations before income taxes, equity in earnings of operating joint ventures, extraordinary gain on acquisition andcumulative effect of accounting change |"}
{"_id": "d8de48f7c", "title": "", "text": "For the Year Ended December 31, 2016"}
{"_id": "d8d41564a", "title": "", "text": "| Secured Capital Leases Unsecured Total | (In thousands) | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 and thereafter-2 | $311,073 |"}
{"_id": "d8f565606", "title": "", "text": "Fair Value Measurements We report certain assets and liabilities at fair value; specifically, separate account assets, derivatives, embedded derivatives, properties held by our consolidated property funds, and most investments and cash equivalents.\nFair value assumes the exchange of assets or liabilities occurs in orderly transactions and is not the result of a forced liquidation or distressed sale.\nWe include actual market prices, or observable inputs, in our fair value measurements to the extent available.\nBroker quotes are obtained when quotes from pricing services are not available.\nWe validate prices obtained from third parties through a variety of means such as: price variance analysis, subsequent sales testing, stale price review, price comparison across pricing vendors and due diligence reviews of vendors.\nSee Note 14 to the Consolidated Financial Statements for additional information on our fair value measurements.\nNon-Agency Residential Mortgage Backed Securities Backed by Sub-prime, Alt-A or Prime Collateral Sub-prime mortgage lending is the origination of residential mortgage loans to customers with weak credit profiles.\nAlt-A mortgage lending is the origination of residential mortgage loans to customers who have credit ratings above sub-prime but may not conform to government-sponsored standards.\nPrime mortgage lending is the origination of residential mortgage loans to customers with good credit profiles.\nWe have exposure to each of these types of loans predominantly through mortgage backed securities.\nThe slowdown in the U. S.  housing market, combined with relaxed underwriting standards by some originators, has led to higher delinquency and loss rates for some of these investments.\nAs a part of our risk management process, an internal rating system is used in conjunction with market data as the basis of analysis to assess the likelihood that we will not receive all contractual principal and interest payments for these investments.\nFor the investments that are more at risk for impairment, we perform our own assessment of projected cash flows incorporating"}
{"_id": "d886f7f2a", "title": "", "text": "| In millions 2006 2005 2004 | Sales | Operating Profit |"}
{"_id": "d878c121c", "title": "", "text": "| December 31, 2008 Percentage of Total December 31, 2007 Percentage of Total | (dollars in thousands) | IBNR | Reported claims in process | Other benefits payable | Benefits payable, excluding military services | Military services benefits payable | Total benefits payable |"}
{"_id": "d8a75d558", "title": "", "text": "(5) Fixed charges consist of interest on borrowed funds (including capitalized interest), amortization of debt discount and expense and the portion of rent expense representing an interest factor.\n(6) Prior period balances reflect adjustments related to redeemable noncontrolling interests.\nSee Note 2 of the consolidated financial statements for further discussion.\nITEM 7.\nMANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS Forward-Looking Statements Certain statements in this section or elsewhere in this report may be deemed “forward-looking statements”.\nSee “Item 1A.\nRisk Factors” in this report for important information regarding these forward-looking statements and certain risk and uncertainties that may affect us.\nThe following discussion should be read in conjunction with the consolidated financial statements and notes thereto appearing in “Item 8.\nFinancial Statements and Supplementary Data” of this report.\nOverview We are an equity real estate investment trust (“REIT”) specializing in the ownership, management, and redevelopment of high quality retail and mixed-use properties located primarily in densely populated and affluent communities in strategically selected metropolitan markets in the Northeast and Mid-Atlantic regions of the United States, as well as in California.\nAs of December 31, 2011, we owned or had a majority interest in community and neighborhood shopping centers and mixed-use properties which are operated as 87 predominantly retail real estate projects comprising approximately 19.3 million square feet.\nIn total, the real estate projects were 93.4% leased and 92.4% occupied at December 31, 2011.\nA joint venture in which we own a 30% interest owned seven retail real estate projects totaling approximately 1.0 million square feet as of December 31, 2011.\nIn total, the joint venture properties in which we own a 30% interest were 90.9% leased and occupied at December 31, 2011.\nWe have paid quarterly dividends to our shareholders continuously since our founding in 1962 and have increased our dividends per common share for 44 consecutive years.\nCritical Accounting Policies The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America, referred to as “GAAP”, requires management to make estimates and assumptions that in certain circumstances affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and revenues and expenses.\nThese estimates are prepared using management’s best judgment, after considering past and current events and economic conditions.\nIn addition, information relied upon by management in preparing such estimates includes internally generated financial and operating information, external market information, when available, and when necessary, information obtained from consultations with third party experts.\nActual results could differ from these estimates.\nA discussion of possible risks which may affect these estimates is included in “Item 1A.\nRisk Factors” of this report.\nManagement considers an accounting estimate to be"}
{"_id": "d88dacc12", "title": "", "text": "All shares acquired under the ASR agreements were recorded as treasury stock.\nDuring their respective open periods in 2017 and 2016, neither of the ASRs was dilutive to the Company’s earnings per share calculations, nor did they trigger the two-class earnings per share methodology.\nAdditionally, the unsettled portion of ASRs during their respective open periods met the criteria to be accounted for as a forward contract indexed to the Company’s stock and qualified as equity transactions.\nThe initial delivery of shares, as well as the additional receipt of shares at settlement resulted in a reduction to the Company’s common stock outstanding used to calculate earnings per share.\nShare Repurchases During 2017, the Company reacquired 4,707,629 shares of its common stock, of which 4,414,416 related to share repurchases through open market or private purchases, including the February 2017 ASR discussed above, and 293,213 related to shares withheld for taxes on exercise of stock options and the vesting of stock awards and units.\nDuring 2016, the Company reacquired 6,483,198 shares of its common stock, of which 6,126,033 related to share repurchases through open market or private purchases, including the February 2016 ASR discussed above, and 357,165 related to shares withheld for taxes on exercise of stock options and the vesting of stock awards and units.11."}
{"_id": "d898ddafa", "title": "", "text": "| Balance as of December 31, 2009 Balance as of December 31, 2008 Net change | (in millions) | Assets | Total fixed maturities, available-for-sale | Fixed maturities, trading | Equity securities, available-for-sale | Derivative assets | Separate account assets | Liabilities | Investment-type insurance contracts | Derivative liabilities | Other liabilities | Net total |"}
{"_id": "d8df72b0a", "title": "", "text": "| Calendar Year 1st-1 2nd-1 3rd 4th Year | 2011 | Net sales | Gross margin | Income (loss) from continuing operations | Income (loss) from discontinued operations | Net income (loss) | Earnings per share: | Basic | Income (loss) from continuing operations | Income (loss) from discontinued operations | Net income (loss) | Diluted | Income (loss) from continuing operations | Income (loss) from discontinued operations | Net income (loss) | 2010-1 | Net sales | Gross margin | Income from continuing operations | Income from discontinued operations | Net income | Earnings per share: | Basic | Income from continuing operations | Income from discontinued operations | Net income | Diluted | Income from continuing operations | Income from discontinued operations | Net income |"}
{"_id": "d8bb684b2", "title": "", "text": "We are required under the terms of our Preferred Stock to pay scheduled quarterly dividends, subject to legally available funds.\nFor so long as the Preferred Stock remains outstanding, (1) we will not declare, pay or set apart funds for the payment of any dividend or other distribution with respect to any junior stock or parity stock and (2) neither we, nor any of our subsidiaries, will, subject to certain exceptions, redeem, purchase or otherwise acquire for consideration junior stock or parity stock through a sinking fund or otherwise, in each case unless we have paid or set apart funds for the payment of all accumulated and unpaid dividends with respect to the shares of Preferred Stock and any parity stock for all preceding dividend periods.\nPursuant to this policy, we paid quarterly dividends of $0.265625 per share on our Preferred Stock on February 1, 2009, May 1, 2009, August 3, 2009 and November 2, 2009 and similar quarterly dividends during each quarter of 2008.\nThe annual cash dividend declared and paid during the years ended December 31, 2009 and 2008 were $10 million and $10 million, respectively.\nOn January 5, 2010, we declared a cash dividend of $0.265625 per share on our Preferred Stock amounting to $3 million and a cash dividend of $0.04 per share on our Series A common stock amounting to $6 million.\nBoth cash dividends are for the period from November 2, 2009 to January 31, 2010 and were paid on February 1, 2010 to holders of record as of January 15, 2010.\nOn February 1, 2010, we announced we would elect to redeem all of our outstanding Preferred Stock on February 22, 2010.\nHolders of the Preferred Stock also have the right to convert their shares at any time prior to 5:00 p. m. , New York City time, on February 19, 2010, the business day immediately preceding the February 22, 2010 redemption date.\nBased on the number of outstanding shares as of December 31, 2009 and considering the redemption of our Preferred Stock, cash dividends to be paid in 2010 are expected to result in annual dividend payments less than those paid in 2009.\nThe amount available to us to pay cash dividends is restricted by our senior credit agreement.\nAny decision to declare and pay dividends in the future will be made at the discretion of our Board of Directors and will depend on, among other things, our results of operations, cash requirements, financial condition, contractual restrictions and other factors that our Board of Directors may deem relevant."}
{"_id": "d81baf7b8", "title": "", "text": "| For the fiscal year ended June 30, 2019 (in millions) | Balance as of July 1, 2018 | Deferral of revenue | Recognition of deferred revenue(a) | Other | Balance as of June 30, 2019 |"}
{"_id": "d8c7c0570", "title": "", "text": "| % of Net Sales | 2010 - 2012 | $0 to $400 million | $400 million to $600 million | $600 million to $800 million | $800 million to $1.0 billion | In excess of $1.0 billion |"}
{"_id": "d8e6faeae", "title": "", "text": "| Year ended December 31, | 2010 | (in millions) | Operating results: | Revenues | Benefits and expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments(1) | Related charges-1(2) | Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d838f1f74", "title": "", "text": "| 2007 2006 2005 | Risk-free interest rate | Expected life (years) | Expected dividend yield | Volatility |"}
{"_id": "d86f2b05e", "title": "", "text": "CERTAIN LONG-DURATION CONTRACTS WITH GUARANTEES The Company issues variable annuity contracts through its separate accounts for which investment income and investment gains and losses accrue directly to, and investment risk is borne by, the contractholder.\nThe Company also issues variable annuity contracts with general and separate account options where the Company contractually guarantees to the contractholder a return of no less than total deposits made to the contract adjusted for any partial withdrawals (“return of net deposits”).\nIn certain of these variable annuity contracts, the Company also contractually guarantees to the contractholder a return of no less than (1) total deposits made to the contract adjusted for any partial withdrawals plus a minimum return (“minimum return”), and/or (2) the highest contract value on a specified date adjusted for any withdrawals (“contract value”).\nThese guarantees include benefits that are payable in the event of death, annuitization or at specified dates during the accumulation period and withdrawal and income benefits payable during specified periods.\nThe Company also issues annuity contracts with market value adjusted investment options (“MVAs”), which provide for a return of principal plus a fixed rate of return if held-to-maturity, or, alternatively, a “market adjusted value” if surrendered prior to maturity or if funds are reallocated to other"}
{"_id": "d87397cc8", "title": "", "text": "| Carrying Value December 31, Weighted Average Interest Rate December 31, | 2013 | (in millions) | Debt of consolidated CDOs due 2016-2025 | Floating rate revolving credit borrowings due 2014 | Floating rate revolving credit borrowings due 2015 | Floating rate revolving credit borrowings due 2017 | Floating rate revolving credit borrowings due 2018 | Floating rate revolving credit borrowings due 2019 | Total |"}
{"_id": "d899c5800", "title": "", "text": "| Year Ended December 31, | 2017 | Americas | Europe, Middle East and Africa | Asia-Pacific | Total revenue |"}
{"_id": "d81cd66dc", "title": "", "text": "(1) The Company holds a receivable from the seller of a prior acquisition in accordance with the purchase agreement.\nAssessments levied against the Company were $2 million, ($1) million and $2 million for the years ended December 31, 2008, 2007 and 2006, respectively.\nEffects of Inflation The Company does not believe that inflation has had a material effect on its consolidated results of operations, except insofar as inflation may affect interest rates.\nInflation in the United States has remained contained and been in a general downtrend for an extended period.\nHowever, in light of recent and ongoing aggressive fiscal and monetary stimulus measures by the U. S.  federal government and foreign governments, it is possible that inflation could increase in the future.\nAn increase in inflation could affect our business in several ways.\nDuring inflationary periods, the value of fixed income investments falls which could increase realized and unrealized losses.\nInflation also increases expenses for labor and other materials, potentially putting pressure on profitability if such costs can not be passed through in our product prices.\nInflation could also lead to increased costs for losses and loss adjustment expenses in our Auto & Home business, which could require us to adjust our pricing to reflect our expectations for future inflation.\nIf actual inflation exceeds the expectations we use in pricing our policies, the profitability of our Auto & Home business would be adversely affected.\nProlonged and elevated inflation could adversely affect the financial markets and the economy generally, and dispelling it may require governments to pursue a restrictive fiscal and monetary policy, which could constrain overall economic activity, inhibit revenue growth and reduce the number of attractive investment opportunities.\nAdoption of New Accounting Pronouncements Fair Value Effective January 1, 2008, the Company adopted SFAS No.157, Fair Value Measurements.\nSFAS 157 which defines fair value, establishes a consistent framework for measuring fair value, establishes a fair value hierarchy based on the observability of inputs used to measure fair value, and requires enhanced disclosures about fair value measurements and applied the provisions of the statement prospectively to assets and liabilities measured at fair value.\nThe adoption of SFAS 157 changed the valuation of certain freestanding derivatives by moving from a mid to bid pricing convention as it relates to certain volatility inputs as well as the addition of liquidity adjustments and adjustments for risks inherent in a particular input or valuation technique.\nThe adoption of SFAS 157 also changed the valuation of the Companys embedded derivatives, most significantly the valuation of embedded derivatives associated with certain riders on variable annuity contracts.\nThe change in valuation of embedded derivatives associated with riders on annuity contracts resulted from the incorporation of risk margins associated with non capital market inputs and the inclusion of the Companys own credit standing in their valuation.\nAt January 1, 2008, the impact of adopting SFAS 157 on assets and liabilities measured at estimated fair value was $30 million ($19 million, net of income tax) and was recognized as a change in estimate in the accompanying consolidated statement of income where it was presented in the respective income statement caption to which the item measured at estimated fair value is presented.\nThere were no significant changes in estimated fair value of items measured at fair value and reflected in accumulated other comprehensive income (loss).\nThe addition of risk margins and the Companys own credit spread in the valuation of embedded derivatives associated with annuity contracts may result in significant volatility in the Companys consolidated net income in future periods.\nNote 24 of the Notes to the"}
{"_id": "d81c09236", "title": "", "text": "| 2018 2017 2016 | Valuation date stock price | Expected annual dividend yield | Expected volatility | Risk-free interest rate | Fair value of stock-based performance units outstanding |"}
{"_id": "d8664f7dc", "title": "", "text": "| Change | Fiscal Year | 2012 | Gross Margin | Gross Margin % |"}
{"_id": "d8c2afb26", "title": "", "text": "| At July 31, 2011 At July 31, 2010 | (In millions) | Assets: | Cash equivalents, primarily money market funds | Available-for-sale debt securities: | Municipal bonds | Municipal auction rate securities | Corporate notes | U.S. agency securities | Total available-for-sale debt securities | Total assets measured at fair value on a recurring basis | Liabilities: | Senior notes -1 |"}
{"_id": "d811d0ef4", "title": "", "text": "| In billions of dollars Citigroup parent company CGMHI-2 Citigroup Funding Inc.-2 Other Citigroup subsidiaries | Long-term debt | Commercial paper |"}
{"_id": "d8f9214c0", "title": "", "text": "| Number of shares outstanding 1,447,618 | Weighted-average exercise price (per share) | Weighted-average remaining contractual term (in years) | Aggregate intrinsic value |"}
{"_id": "d862f087a", "title": "", "text": "| Basel III Advanced Fully Phased-In December 31, 2014 Fully phased-in minimum capital ratios(a) Fully phased-in well-capitalized ratios(b) | Risk-based capital ratios: | CET1 capital | Tier 1 capital | Total capital | Leverage ratio: | Tier 1 | SLR |"}
{"_id": "d8b414792", "title": "", "text": "| 2014 2015 - 2018 Total | Ameren Missouri | Ameren Illinois | ATXI | Other(a) | Ameren |"}
{"_id": "d85d85020", "title": "", "text": "(a) UEs expenditures are expected to be recoverable in rates over time.\nSee Note 15  Commitments and Contingencies to our financial statements under Part II, Item 8, of this report for a further discussion of environmental matters.\nCash Flows from Financing Activities 2008 versus 2007 During the year ended December 31, 2008, the Ameren Companies issued $1.9 billion of senior debt.\nThe proceeds were used to repurchase, redeem and fund maturities of $842 million of long-term debt, to reduce short-term borrowings, and to fund capital expenditures and other working capital needs at UE, CIPS, Genco, CILCO, and IP.\nDuring the year ended December 31, 2007, net short-term debt borrowings of $860 million and long-term borrowings of $674 million were used to fund $488 million of maturities of long-term debt, to fund working capital needs at Ameren subsidiaries and to build liquidity during a period of legislative uncertainty in Illinois.\nAdditionally, CILCO redeemed the remaining shares of its 5.85% Class A preferred stock to complete the mandatory sinking fund redemption requirement resulting in a $16 million use of cash during 2008 compared with 2007.\nBenefiting 2008, compared with 2007, was a $63 million increase in proceeds from the issuance of Ameren common stock, which resulted from increased sales through Amerens 401(k) plan and DRPlus.\nUEs net cash from financing activities increased in the year ended December 31, 2008, compared with the year ended December 31, 2007.\nDuring 2008, UE used $699 million in proceeds from the issuance of senior secured notes to redeem outstanding auction-rate environmental improvement revenue refunding bonds that had adjusted to higher rates as a result of the collapse of the auction-rate securities market, and to fund the current maturity of UEs 6.75% first mortgage bonds.\nAdditionally, net short-term borrowings increased $321 million.\nThese borrowings were primarily used to fund working capital needs and capital expenditures.\nIn 2007, UE issued $424 million in senior secured notes and received a $380 million capital contribution from Ameren to fund working capital requirements and to reduce net short-term debt borrowings.\nCIPS had a net use of cash from financing activities in 2008, compared with a net source of cash in 2007.\nThis change was because CIPS used net money pool borrowings and existing cash to fund a net reduction in short-term debt, to redeem $35 million of auction-rate environmental improvement revenue refunding bonds that had adjusted to higher rates as a result of the collapse of the auction-rate securities market, and to fund the maturity of $15 million of its 5.375% senior secured notes during 2008.\nIn 2007, CIPS used net short-term debt borrowings of $90 million to fund working capital needs and build liquidity and to fund $40 million of common stock dividends.\nGenco issued $300 million of 7.00% senior unsecured notes during 2008, which resulted in a net source of cash from financing activities compared with a net use of cash in 2007.\nThe proceeds from the issuance were used to fund capital expenditures and other working capital requirements, including a net reduction of $200 million of short-term borrowings during 2008 compared with 2007.\nCILCORPs and CILCOs cash provided by financing activities decreased in 2008 compared with 2007.\nThis decrease was primarily the result of CILCORPs and CILCOs net repayments of short-term borrowings during 2008 compared with 2007.\nThese repayments were funded by a net increase in money pool borrowings of $98 million, primarily at AERG, and CILCOs issuance of $150 million of its 8.875% senior secured notes.\nPartially offsetting the decrease were reduced redemptions and maturities of long-term debt in 2008.\nDuring 2008, $19 million of auction-rate environmental improvement revenue refunding bonds that had adjusted to higher rates as a result of the collapse of the auction-rate securities market were redeemed at CILCO.\nIn 2007, $50 million of CILCOs 7.50% bonds matured.\nAlso benefiting cash flows for the year ended December 31, 2008, were net borrowings of a $150 million direct loan from Ameren at CILCORP compared with $71 million net repayments during 2007.\nfor one year.\nSubject to certain exceptions, the Company also offers a three-year limited warranty to end users for those CPU and APU products purchased as individually packaged products, commonly referred to as processors in a box, and for PC workstation products.\nThe Company also offered extended limited warranties to certain customers of tray microprocessor products and/or workstation graphics or server products who have written agreements with the Company and target their computer systems at the commercial and/or embedded markets.\nChanges in the Companys estimated liability for product warranty during the years ended December 30, 2017 and December 31, 2016 are as follows:"}
{"_id": "d8ab10ea2", "title": "", "text": "d $920 million of 9.0% fixed-rate junior subordinated notes to retail investors.\nBoth issuances are considered hybrid capital securities, which receive enhanced equity treatment from the rating agencies.\nBoth series of notes have a scheduled maturity of June 15, 2038 and a final maturity of June 15, 2068.\nIn connection with the issuance of both series of notes, Prudential Financial entered into a replacement capital covenant, or RCC, for the benefit of holders of its 6.625% Senior Notes due 2037.\nUnder the RCC, Prudential Financial agreed that it will not repay, redeem, defease, or purchase the notes prior to June 15, 2048, unless it has received proceeds from the issuance of specified replacement capital securities, which include, but are not limited to, hybrid capital securities and common stock.\nSee Note 14 to our Consolidated Financial Statements for additional information concerning these junior subordinated notes."}
{"_id": "d85f2a3f8", "title": "", "text": "| Restricted Stock Units Outstanding WeightedAverage Grant-Date Fair Value of Restricted StockUnits Outstanding | Future Service Required | Outstanding, December 2016 | Granted | Forfeited | Delivered | Vested | Outstanding, December 2017 |"}
{"_id": "d8ddb68a2", "title": "", "text": "Investments.\nThe board of directors of each of the Company’s operating subsidiaries is responsible for establishing investment policy and guidelines and, together with senior management, for overseeing their execution.\nThe Company’s principal investment objectives are to ensure funds are available to meet its insurance and reinsurance obligations and to maximize after-tax investment income while maintaining a high quality diversified investment portfolio.\nConsidering these objectives, the Company views its investment portfolio as having two components: 1) the investments needed to satisfy outstanding liabilities (its core fixed maturities portfolio) and 2) investments funded by the Company’s shareholders’ equity.\nFor the portion needed to satisfy global outstanding liabilities, the Company generally invests in taxable and tax-preferenced fixed income securities with an average credit quality of Aa3.\nFor the U. S.  portion of this portfolio, our mix of taxable and tax-preferenced investments is adjusted periodically, consistent with the Company’s current and projected U. S.  operating results, market conditions and our tax position.\nThis global fixed maturity securities portfolio is externally managed by an independent, professional investment manager using portfolio guidelines approved by the Company.\nOver the past several years, the Company has expanded the allocation of its investments funded by shareholders’ equity to include: 1) a greater percentage of publicly traded equity securities, 2) emerging market fixed maturities through mutual fund structures, as well as individual holdings, 3) high yield fixed maturities, 4) bank loan securities and 5) private equity limited partnership investments.\nThe objective of this portfolio diversification is to enhance the risk-adjusted total return of the investment portfolio by allocating a prudent portion of the portfolio to higher return asset classes, which are also less subject to changes in value with movements in interest rates.\nThe Company limits its allocation to these asset classes because of 1) the potential for volatility in their values and 2) the impact of these investments on regulatory and rating agency capital adequacy models.\nThe Company uses investment managers experienced in these markets and adjusts its allocation to these investments based upon market conditions.\nAt December 31, 2012, the market value of investments in these investment market sectors, carried at both market and fair value, approximated 63% of shareholders’ equity.\nThe duration of an investment is based on the maturity of the security but also reflects the payment of interest and the possibility of early prepayments.\nThe Company’s fixed income investment guidelines include a general duration guideline.\nThis investment duration guideline is established and periodically revised by management, which considers economic and business factors, as well as the Company’s average duration of potential liabilities, which, at December 31, 2012, is estimated at approximately 3.5 years, based on the estimated payouts of underwriting liabilities using standard duration calculations."}
{"_id": "d84845a0c", "title": "", "text": "We also own 196 miles of private crude oil pipelines and 850 miles of private refined products pipelines, and we lease 217 miles of common carrier refined product pipelines.\nWe have partial ownership interests in several pipeline companies that have approximately 780 miles of crude oil pipelines and 3,600 miles of refined products pipelines, including about 970 miles operated by MPL.\nIn addition, MPL operates most of our private pipelines and 985 miles of crude oil and 160 miles of natural gas pipelines owned by our E&P segment.\nOur major refined product pipelines include the owned and operated Cardinal Products Pipeline and the Wabash Pipeline.\nThe Cardinal Products Pipeline delivers refined products from Kenova, West Virginia, to Columbus, Ohio.\nThe Wabash Pipeline system delivers product from Robinson, Illinois, to various terminals in the area of Chicago, Illinois.\nOther significant refined product pipelines owned and operated by MPL extend from: Robinson, Illinois, to Louisville, Kentucky; Garyville, Louisiana, to Zachary, Louisiana; and Texas City, Texas, to Pasadena, Texas.\nIn addition, as of December 31, 2009, we had interests in the following refined product pipelines: ?65 percent undivided ownership interest in the Louisville-Lexington system, a petroleum products pipeline system extending from Louisville to Lexington, Kentucky; ?60 percent interest in Muskegon Pipeline LLC, which owns a refined products pipeline extending from Griffith, Indiana, to North Muskegon, Michigan; ?50 percent interest in Centennial Pipeline LLC, which owns a refined products system connecting the Gulf Coast region with the Midwest market; ?17 percent interest in Explorer Pipeline Company, a refined products pipeline system extending from the Gulf Coast to the Midwest; and ?6 percent interest in Wolverine Pipe Line Company, a refined products pipeline system extending from Chicago, Illinois, to Toledo, Ohio.\nOur major owned and operated crude oil lines run from: Patoka, Illinois, to Catlettsburg, Kentucky; Patoka, Illinois, to Robinson, Illinois; Patoka, Illinois, to Lima, Ohio; Lima, Ohio to Canton, Ohio; Samaria, Michigan, to Detroit, Michigan; and St.  James, Louisiana, to Garyville, Louisiana.\nAs of December 31, 2009, we had interests in the following crude oil pipelines: ?51 percent interest in LOOP LLC, the owner and operator of LOOP, which is the only U. S.  deepwater oil port, located 18 miles off the coast of Louisiana, and a crude oil pipeline connecting the port facility to storage caverns and tanks at Clovelly, Louisiana; ?59 percent interest in LOCAP LLC, which owns a crude oil pipeline connecting LOOP and the Capline system;"}
{"_id": "d8bb249e2", "title": "", "text": "| (Dollars in millions) 2016 2017 2018 2019 2020 Thereafter Total | Bank of America Corporation | Senior notes | Senior structured notes | Subordinated notes | Junior subordinated notes | Total Bank of America Corporation | Bank of America, N.A. | Senior notes | Subordinated notes | Advances from Federal Home Loan Banks | Securitizations and other Bank VIEs-1 | Other | Total Bank of America, N.A. | Other debt | Senior notes | Structured liabilities | Nonbank VIEs-1 | Other | Total other debt | Total long-term debt |"}
{"_id": "d8baa68bc", "title": "", "text": "| Year Ended December 31, | 2005 | Gas Delivered (Mdth) | Firm Sales | Full service | Firm transportation | Total Firm Sales and Transportation | Interruptible Sales | Total Gas Sold to Con Edison of New York Customers | Transportation of customer-owned gas | NYPA | Other (mainly generating plants) | Off-System Sales | Total Sales and Transportation | Gas Delivered ($ in millions) | Firm Sales | Full service | Firm transportation | Total Firm Sales and Transportation | Interruptible Sales | Total Gas Sold to Con Edison of New York Customers | Transportation of customer-owned gas | NYPA | Other (mainly generating plants) | Off-System Sales | Other operating revenues (mainly regulatory amortizations) | Total Sales and Transportation | Average Revenue per DTH Sold | Residential | General | 12 Months Ended December 31, | (DOLLARS IN MILLIONS) | Net income | Interest expense | Income taxes | Depreciation and amortization | Specified items-1 | Non-cash items-2 | Adjusted EBITDA |"}
{"_id": "d8cd0c740", "title": "", "text": "| Year Ended December 31, % Change | 2016 | Revenue (in millions) | Operating Expenses (in millions) | Operating Profit (in millions) | Operating Margin | Average Daily Package Volume (in thousands) | Average Revenue Per Piece | Net Income (in millions) | Basic Earnings Per Share | Diluted Earnings Per Share |"}
{"_id": "d880f10c2", "title": "", "text": "| Years Ended December 31, | 2017 | Mid-Continent Region (El Dorado and Tulsa Refineries) | Sales of refined products: | Gasolines | Diesel fuels | Jet fuels | Fuel oil | Asphalt | Base oils | LPG and other | Total |"}
{"_id": "d8806fb08", "title": "", "text": "| (in millions, except per share data) 2004 2003 2002 | Net income, as reported | Add: Stock-based employee compensationexpense included in net income, net ofrelated tax effects | Less: Total stock-based employeecompensation expense determined underfair value based method for all awards,net of related tax effects | Pro forma net income | Net income per common share | Basic | Reported | Pro forma | Assuming dilution | Reported | Pro forma |"}
{"_id": "d8b6bd412", "title": "", "text": "Managements Discussion and Analysis Liquidity Risk Management Liquidity is of critical importance to financial institutions.\nMost of the failures of financial institutions have occurred in large part due to insufficient liquidity.\nAccordingly, the firm has in place a comprehensive and conservative set of liquidity and funding policies to address both firm-specific and broader industry or market liquidity events.\nOur principal objective is to be able to fund the firm and to enable our core businesses to continue to serve clients and generate revenues, even under adverse circumstances.\nWe manage liquidity risk according to the following principles: Excess Liquidity.\nWe maintain substantial excess liquidity to meet a broad range of potential cash outflows and collateral needs in a stressed environment.\nAsset-Liability Management.\nWe assess anticipated holding periods for our assets and their expected liquidity in a stressed environment.\nWe manage the maturities and diversity of our funding across markets, products and counterparties, and seek to maintain liabilities of appropriate tenor relative to our asset base.\nContingency Funding Plan.\nWe maintain a contingency funding plan to provide a framework for analyzing and responding to a liquidity crisis situation or periods of market stress.\nThis framework sets forth the plan of action to fund normal business activity in emergency and stress situations.\nThese principles are discussed in more detail below.\nExcess Liquidity Our most important liquidity policy is to pre-fund our estimated potential cash and collateral needs during a liquidity crisis and hold this excess liquidity in the form of unencumbered, highly liquid securities and cash.\nWe believe that the securities held in our global core excess would be readily convertible to cash in a matter of days, through liquidation, by entering into repurchase agreements or from maturities of resale agreements, and that this cash would allow us to meet immediate obligations without needing to sell other assets or depend on additional funding from credit-sensitive markets.\nAs of December 2013 and December 2012, the fair value of the securities and certain overnight cash deposits included in our GCE totaled $184.07 billion and $174.62 billion, respectively.\nBased on the results of our internal liquidity risk model, discussed below, as well as our consideration of other factors including, but not limited to, an assessment of our potential intraday liquidity needs and a qualitative assessment of the condition of the financial markets and the firm, we believe our liquidity position as of both December 2013 and December 2012 was appropriate.\nThe table below presents the fair value of the securities and certain overnight cash deposits that are included in our GCE."}
{"_id": "d87d2d710", "title": "", "text": "Table of Contents NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) Note 6Shareholders Equity Preferred Stock The Company has five million shares of authorized preferred stock, none of which is issued or outstanding.\nUnder the terms of the Companys Restated Articles of Incorporation, the Board of Directors is authorized to determine or alter the rights, preferences, privileges and restrictions of the Companys authorized but unissued shares of preferred stock.\nCEO Restricted Stock Award On March 19, 2003, the Companys Board of Directors granted 10 million shares of restricted stock to the Companys CEO that vested on March 19, 2006.\nThe amount of the restricted stock award expensed by the Company was based on the closing market price of the Companys common stock on the date of grant and was amortized ratably on a straight-line basis over the three-year requisite service period.\nUpon vesting during 2006, the 10 million shares of restricted stock had a fair value of $646.6 million and had grant-date fair value of $7.48 per share.\nThe restricted stock award was net-share settled such that the Company withheld shares with value equivalent to the CEOs minimum statutory obligation for the applicable income and other employment taxes, and remitted the cash to the appropriate taxing authorities.\nThe total shares withheld of 4.6 million were based on the value of the restricted stock award on the vesting date as determined by the Companys closing stock price of $64.66.\nThe remaining shares net of those withheld were delivered to the Companys CEO.\nTotal payments for the CEOs tax obligations to the taxing authorities was $296 million in 2006 and are reflected as a financing activity within the Consolidated Statements of Cash Flows.\nThe net-share settlement had the effect of share repurchases by the Company as it reduced and retired the number of shares outstanding and did not represent an expense to the Company.\nThe Companys CEO has no remaining shares of restricted stock.\nFor the year ended September 30, 2006, compensation expense related to restricted stock was $4.6 million."}
{"_id": "d8de9836a", "title": "", "text": "| December 31, Variance 2007 vs. 2006 | 2007 | Financial Condition: | Available-for-sale mortgage-backed and investment securities | Total loans, net | Margin receivables | Total assets | Deposits | Corporate debt | Shareholders’ equity |"}
{"_id": "d8b5b9390", "title": "", "text": "| (millions of dollars) 2012 2011 Variance 2012 vs. 2011 2010 Variance 2011 vs. 2010 | Operating activities | Investing activities | Financing activities | Net change | Balance at beginning of period | Balance at end of period |"}
{"_id": "d82200c20", "title": "", "text": "| Years ended December 31, | ($ in millions, except per share amounts; shares in thousands) | Diluted Earnings per Share(a): | Net earnings attributable to Ball Corporation | Weighted average common shares | Effect of dilutive securities | Weighted average shares applicable to diluted earnings per share | Basic earnings per share | Diluted earnings per share |"}
{"_id": "d86979070", "title": "", "text": "| Twelve Months Ended | (millions of dollars) | Operating revenues | Purchased power | Net revenues | Operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Electric operating income |"}
{"_id": "d8c5faed4", "title": "", "text": "tracts of $6.2 billion, commitments to purchase securities of $7.9 billion and commitments to purchase loans of $14.3 billion.\nThe most significant of our vendor contracts include communication services, processing services and software contracts.\nOther long-term liabilities include our contractual funding obligations related to the Qualified Pension Plans, Nonqualified Pension Plans and Postretirement Health and Life Plans (the Plans).\nObligations to the Plans are based on the current and projected obligations of the Plans, performance of the Plans assets and any participant contributions, if applicable.\nDuring 2008 and 2007, we contributed $1.6 billion and $243 million to the Plans, and we expect to make at least $229 million of contributions during 2009.\nThe following table does not include UTBs of $3.5 billion associated with FIN 48 and tax-related interest and penalties of $677 million.\nDebt, lease, equity and other obligations are more fully discussed in Note 12  Short-term Borrowings and Long-term Debt and Note 13  Commitments and Contingencies to the Consolidated Financial Statements.\nThe Plans and UTBs are more fully discussed in Note 16  Employee Benefit Plans and Note 18  Income Taxes to the Consolidated Financial Statements.\nTable 9 presents total long-term debt and other obligations at December 31, 2008.\nMany of our lending relationships contain funded and unfunded elements.\nThe funded portion is reflected on our balance sheet.\nFor lending relationships carried at historical cost, the unfunded component of these commitments is not recorded on our balance sheet until a draw is made under the credit facility; however, a reserve is established for probable losses.\nFor lending commitments for which we have elected to account for under SFAS 159, the fair value of the commitment is recorded in accrued expenses and other liabilities.\nFor more information on these commitments and guarantees, including equity commitments, see Note 13  Commitments and Contingencies to the Consolidated Financial Statements.\nFor more information on the adoption of SFAS 159, see Note 19  Fair Value Disclosures to the Consolidated Financial Statements.\nWe enter into commitments to extend credit such as loan commitments, SBLCs and commercial letters of credit to meet the financing needs of our customers.\nFor a summary of the total unfunded, or off-balance sheet, credit extension commitment amounts by expiration date, see the table in Note 13  Commitments and Contingencies to the Consolidated Financial Statements.\nOther Commitments We provided support to cash funds managed within GWIM by purchasing certain assets at fair value and by committing to provide a limited amount of capital to the funds.\nFor more information, see Note 13  Commitments and Contingencies to the Consolidated Financial Statements."}
{"_id": "d8ee11c56", "title": "", "text": "| For the years ended December 31, 2005 2004 2003 | In thousands of dollars | Long-termdebt and lease obligations | Short-termdebt | Capitalizedinterest | Interestexpense, gross | Interestincome | Interestexpense, net |"}
{"_id": "d813170b0", "title": "", "text": "| In Millions | Components of the rate increase | Investment in rate base | Addition of new gas plant | Operating and maintenance costs | Cost of capital | Working capital | Cost-reduction initiatives | Gross margin | Total |"}
{"_id": "d8da6685a", "title": "", "text": "We maintain debt levels that we establish through consideration of a number of factors, including cash flow expectations, cash requirements for operations, investment plans (including acquisitions), share repurchase activities, our cost of capital, and targeted capital structure.\nOn April 28, 2017, we used a portion of the $3.0 billion cash dividend received from Everett to redeem $1.5 billion face value of the 2.450% Senior Notes with an original maturity date of October 5, 2017.\nA |\ninstitutions.\nInternational Paper continually monitors its positions with and the credit quality of these financial institutions and does not expect nonperformance by the counterparties.\nNOTE 14 CAPITAL STOCK The authorized capital stock at both December 31, 2006 and 2005, consisted of 990,850,000 shares of common stock, $1 par value; 400,000 shares of cumulative $4 preferred stock, without par value (stated value $100 per share); and 8,750,000 shares of serial preferred stock, $1 par value.\nThe serial preferred stock is issuable in one or more series by the Board of Directors without further shareholder action.\nIn July 2006, in connection with the planned use of projected proceeds from the Companys Transformation Plan, International Papers Board of Directors authorized a share repurchase program to acquire up to $3.0 billion of the Companys stock.\nIn a modified Dutch Auction tender offer completed in September 2006, International Paper purchased 38,465,260 shares of its common stock at a price of $36.00 per share, plus costs to acquire the shares, for a total cost of approximately $1.4 billion.\nIn addition, in December 2006, the Company purchased an additional 1,220,558 shares of its common stock in the open market at an average price of $33.84 per share, plus costs to acquire the shares, for a total cost of approximately $41 million.\nFollowing the completion of these share repurchases, International Paper had approximately 454 million shares of common stock issued and outstanding.\nNOTE 15 RETIREMENT PLANS U. S.  DEFINED BENEFIT PLANS International Paper maintains pension plans that provide retirement benefits to substantially all domestic employees hired prior to July 1, 2004.\nThese employees generally are eligible to participate in the plans upon completion of one year of service and attainment of age 21.\nEmployees hired after June 30, 2004, who are not eligible for these pension plans receive an additional company contribution to their savings plan (see Other Plans on page 83).\nThe plans provide defined benefits based on years of credited service and either final average earnings (salaried employees), hourly job rates or specified benefit rates (hourly and union employees).\nFor its qualified defined benefit pension plan, International Paper makes contributions that are sufficient to fully fund its actuarially determined costs, generally equal to the minimum amounts required by the Employee Retirement Income Security Act (ERISA).\nIn addition, International Paper made voluntary contributions of $1.0 billion to the qualified defined benefit plan in 2006, and does not expect to make any contributions in 2007.\nThe Company also has two unfunded nonqualified defined benefit pension plans: a Pension Restoration Plan available to employees hired prior to July 1, 2004 that provides retirement benefits based on eligible compensation in excess of limits set by the Internal Revenue Service, and a supplemental retirement plan for senior managers (SERP), which is an alternative retirement plan for senior vice presidents and above who are designated by the chief executive officer as participants.\nThese nonqualified plans are only funded to the extent of benefits paid, which are expected to be $41 million in 2007.\nNet Periodic Pension Expense Service cost is the actuarial present value of benefits attributed by the plans benefit formula to services rendered by employees during the year.\nInterest cost represents the increase in the projected benefit obligation, which is a discounted amount, due to the passage of time.\nThe expected return on plan assets reflects the computed amount of current year earnings from the investment of plan assets using an estimated long-term rate of return.\nNet periodic pension expense for qualified and nonqualified U. S.  defined benefit plans comprised the following:"}
{"_id": "d8883c07a", "title": "", "text": "| 2010 2009 2008 | Beginning Balance | Increases related to tax positions taken during a prior year | Decreases related to tax positions taken during a prior year | Increases related to tax positions taken during the current year | Decreases related to settlements with taxing authorities | Decreases related to expiration of statute of limitations | Ending Balance |"}
{"_id": "d81be66a0", "title": "", "text": "The Companys effective tax rate for each of 2017, 2016 and 2015 differs from the U. S.  federal statutory rate of 35.0% due principally to the Companys earnings outside the United States that are indefinitely reinvested and taxed at rates lower than the U. S.  federal statutory rate.\nIn addition: ?\nThe effective tax rate of 16.0% in 2017 includes 500 basis points of net tax benefits related to the revaluation of net U. S.  deferred tax liabilities from 35.0% to 21.0% due to the TCJA and release of reserves upon statute of limitation expiration, partially offset by income tax expense related to the Transition Tax on foreign earnings due to the TCJA and changes in estimates associated with prior period uncertain tax positions.  ?\nThe effective tax rate of 17.5% in 2016 includes 350 basis points of net tax benefits from permanent foreign exchange losses and the release of reserves upon the expiration of statutes of limitation and audit settlements, partially offset by income tax expense related to repatriation of earnings and legal entity realignments associated with the Separation and changes in estimates associated with prior period uncertain tax positions.  ?\nThe effective tax rate of 14.4% in 2015 includes 290 basis points of net tax benefits from permanent foreign exchange losses, releases of valuation allowances related to foreign operating losses and the release of reserves upon the expiration of statutes of limitation, partially offset by changes in estimates associated with prior period uncertain tax positions.\nThe Company made income tax payments related to both continuing and discontinued operations of $689 million, $767 million and $584 million in 2017, 2016 and 2015, respectively.\nCurrent income taxes payable related to both continuing and discontinued operations has been reduced by $85 million, $99 million, and $147 million in 2017, 2016 and 2015, respectively, for tax deductions attributable to stock-based compensation, of which, the excess tax benefit over the amount recorded for financial reporting purposes for both continuing and discontinued operations was $55 million, $50 million and $88 million, respectively.\nThe excess tax benefits realized have been recorded as increases to additional paid-in capital for the years ended December 31, 2016 and 2015 and are reflected as a financing cash inflow in the accompanying Consolidated Statements of Cash Flows.\nAs a result of the adoption of ASU 2016-09, CompensationStock Compensation, the excess tax benefit for the year ended December 31, 2017 has been recorded as a reduction to the current income tax provision and is reflected as an operating cash inflow in the accompanying Consolidated Statement of Cash Flows.\nIncluded in deferred income taxes related to continuing operations as of December 31, 2017 are tax benefits for U. S.  and nonU.\nS.  net operating loss carryforwards totaling $502 million ($283 million of which the Company does not expect to realize and have corresponding valuation allowances).\nCertain of the losses can be carried forward indefinitely and others can be carried forward to various dates from 2018 through 2037.\nIn addition, the Company had general business and foreign tax credit carryforwards related to continuing operations of $171 million ($30 million of which the Company does not expect to realize and have corresponding valuation allowances) as of December 31, 2017, which can be carried forward to various dates from 2018 to 2027.\nIn addition, as of December 31, 2017, the Company had $12 million of valuation allowances related to other deferred tax asset balances that are not more likely than not of being realized.\nAs of December 31, 2017, gross unrecognized tax benefits related to continuing operations totaled $737 million ($736 million, net of the impact of $104 million of indirect tax benefits offset by $103 million associated with potential interest and penalties)."}
{"_id": "d8202fce8", "title": "", "text": "| Year ended December 31, | 2015 | (in millions) | Operating results: | Revenues | Benefits and expenses | Adjusted operating income | Realized investment gains (losses), net, and related adjustments | Related charges | Income (loss) from continuing operations before income taxes and equity in earnings of operating joint ventures |"}
{"_id": "d8d0d5386", "title": "", "text": "such as future securities market conditions, changes in interest rate levels and policyholder perceptions of our financial strength, each of which could lead to reduced cash inflows or increased cash outflows.\nIn addition, market volatility can impact the level of capital required to support our businesses, particularly in our annuity business.\nOur domestic insurance operations’ cash flows from investment activities result from repayments of principal, proceeds from maturities and sales of invested assets and investment income, net of amounts reinvested.\nThe primary liquidity risks with respect to these cash flows are the risk of default by debtors or bond insurers, our counterparties’ willingness to extend repurchase and/or securities lending arrangements and market volatility.\nAs of December 31, 2007 and 2006, our domestic insurance entities had lendable assets of $76 billion and $78 billion, respectively.\nOf this amount, $16 billion and $18 billion, as of December 31, 2007 and 2006, respectively, was on loan, the remainder of which, depending on market conditions, are available to be financed through repurchase agreements or securities lending arrangements.\nWe closely manage these risks through our credit risk management process and regular monitoring of our liquidity position.\nIn managing the liquidity of our domestic insurance operations, we also consider the risk of policyholder and contractholder withdrawals of funds earlier than our assumptions when selecting assets to support these contractual obligations.\nWe use surrender charges and other contract provisions to mitigate the extent, timing and profitability impact of withdrawals of funds by customers from annuity contracts and deposit liabilities.\nThe following table sets forth withdrawal characteristics of our general account annuity reserves and deposit liabilities (based on statutory liability values) as of the dates indicated."}
{"_id": "d85da42ea", "title": "", "text": "| Principal balance December 31, Principal balance of loans past due 30+ days-1 December 31, Net credit losses-2 | 2006 | Home equity loans | Small business loans | Total loans managed or securitized – Zions Bank | Less loans securitized – Zions Bank-3 | Loans held in portfolio – Zions Bank |"}
{"_id": "d8e2cfb18", "title": "", "text": "| Retail ShareFor the Years Ended December 31, | 2014 | Copenhagen | Skoal | CopenhagenandSkoal | Other | Total smokeless products |"}
{"_id": "d88244c94", "title": "", "text": "will begin to expire in 2032.\nA deferred tax asset for these tax attribute carryforwards was recorded, and no valuation allowance has been provided, as it is more likely than not that the deferred tax asset will be realized.\nCon Edison recorded a full valuation allowance of $3 million in 2015 against its charitable contribution carryforward from 2011.\nDue to the expiration of this charitable contribution carryforward in 2016, Con Edison wrote off the deferred tax asset and corresponding valuation allowance.\nCharitable contributions carryforward of $5 million and $6 million for 2015 and 2016, respectively, that will expire in 2020 and 2021, respectively, were recorded as a deferred tax asset and no valuation allowance has been provided, as it is more likely than not that the deferred tax asset will be realized.\nIn addition, a $12 million valuation allowance for New York City net operating loss carryforward and a $4 million valuation allowance for state net operating losses carryforward has been provided; as it is not more likely than not that the deferred tax asset will be realized.\nIn 2014, tax legislation was enacted in the State of New York that reduced the corporate franchise tax rate from 7.1 percent to 6.5 percent, beginning January 1, 2016.\nThe application of this legislation decreased Con Edison’s accumulated deferred tax liabilities by $74 million ($69 million for CECONY), decreased Con Edison’s regulatory asset for future income tax by $11 million ($10 million for CECONY) and increased Con Edison’s regulatory liability by $62 million ($59 million for CECONY).\nThe impact of this tax legislation on Con Edison’s effective tax rate was not material, and there was no impact on CECONY’s effective tax rate for the year ended December 31, 2014.\nUnder the Taxpayer Relief Act of 2012, 50 percent bonus depreciation expired on December 31, 2013.\nThe Tax Increase Prevention Act of 2014 extended bonus depreciation for another year through December 31, 2014.\nAs a result of the extension of bonus depreciation to 2014, Con Edison filed a refund request with the IRS in January 2015 to recover $224 million ($128 million for CECONY) in estimated federal tax payments and received the refund in March 2015.\nThe Protecting Americans from Tax Hikes Act of 2015 extended bonus depreciation for property acquired and placed in service during 2015 through 2019.\nThe bonus depreciation percentage is 50 percent for property placed in service during 2015, 2016 and 2017 and phases down to 40 percent in 2018, and 30 percent in 2019.\nAs a result of the extension of bonus depreciation to 2015, Con Edison filed a refund request with the IRS in January 2016 to recover $160 million in estimated federal tax payments.\nIn February 2016, Con Edison received a refund of estimated taxes paid in the amount of $160 million ($143 million for CECONY)."}
{"_id": "d8cc6f74c", "title": "", "text": "Performance Stock Units: In January 2017, Altria Group, Inc.  granted an aggregate of 187,886 performance stock units to eligible employees.\nThe payout of the performance stock units requires the achievement of certain performance measures, which were predetermined at the time of grant, over a three-year performance cycle.\nThese performance measures consist of Altria Group, Inc. ’s adjusted diluted earnings per share (“EPS”) compounded annual growth rate and Altria Group, Inc. ’s total shareholder return relative to a predetermined peer group.\nThe performance stock units are also subject to forfeiture if certain employment conditions are not met.\nAt December 31, 2017, Altria Group, Inc.  had 170,755 performance stock units remaining, with a weighted-average grant date fair value of $70.39 per performance stock unit.\nThe fair value of the performance stock units at the date of grant, net of estimated forfeitures, is amortized to expense over the performance period.\nAltria Group, Inc.  recorded pre-tax compensation expense related to performance stock units for the year ended December 31, 2017 of $6 million.\nThe unamortized compensation expense related to Altria Group, Inc. ’s performance stock units was $7 million at December 31, 2017.\nAltria Group, Inc.  did not grant any performance stock units during 2016 and 2015."}
{"_id": "d8ee6b3a0", "title": "", "text": "| Year Ended December 31, 2016 | (in millions) | Current income taxes | Federal | State | Foreign | Total current income taxes | Deferred income taxes | Federal | State | Total deferred income taxes(a) | Investment tax credit amortization | Income tax expense from continuing operations | Tax (benefit) expense from discontinued operations | Total income tax expense included in Consolidated Statements of Operations |"}
{"_id": "d8955bb34", "title": "", "text": "| (Millions of dollars) 2017 2016 | Warranty liability, January 1 | Reduction in liability (payments) | Increase in liability (new warranties) | Warranty liability, December 31 |"}
{"_id": "d8c5c0b1c", "title": "", "text": "| 30 September 2016 2015 | Short-term borrowings | Current portion of long-term debt | Long-term debt | Total Debt | Short-term Borrowings | 30 September | Bank obligations | Commercial paper | Total Short-term Borrowings | Year Ended December 31, | 2008 | Steam Sold (MMlbs) | General | Apartment house | Annual power | Total Steam Delivered to CECONY Customers | Steam Sold ($ in millions) | General | Apartment house | Annual power | Other operating revenues | Total Steam Delivered to CECONY Customers | Average Revenue per Mlb Sold |"}
{"_id": "d8e18a366", "title": "", "text": "Principal Financial Group, Inc.  Notes to Consolidated Financial Statements — (continued) December 31, 2012 4.\nInvestments — (continued) or whether it is more likely than not we will be required to sell the security before the recovery of its amortized cost which, in some cases, may extend to maturity and (6) for equity securities, our ability and intent to hold the security for a period of time that allows for the recovery in value.\nTo the extent we determine that a security is deemed to be other than temporarily impaired, an impairment loss is recognized.\nImpairment losses on equity securities are recognized in net income and are measured as the difference between amortized cost and fair value.\nThe way in which impairment losses on fixed maturities are recognized in the financial statements is dependent on the facts and circumstances related to the specific security.\nIf we intend to sell a security or it is more likely than not that we would be required to sell a security before the recovery of its amortized cost, we recognize an other-than-temporary impairment in net income for the difference between amortized cost and fair value.\nIf we do not expect to recover the amortized cost basis, we do not plan to sell the security and if it is not more likely than not that we would be required to sell a security before the recovery of its amortized cost, the recognition of the other-than-temporary impairment is bifurcated.\nWe recognize the credit loss portion in net income and the noncredit loss portion in OCI (‘‘bifurcated OTTI’’).\nTotal other-than-temporary impairment losses, net of recoveries from the sale of previously impaired securities, were as follows:"}
{"_id": "d871b1f4e", "title": "", "text": "Preferred Series D Stock issued and outstanding During the 2016 first and second quarter, Huntington issued $400 million and $200 million of preferred stock, respectively.\nAs part of these transactions, Huntington issued 24,000,000 depositary shares, each representing a 1/40th ownership interest in a share of 6.250% Series D Non-Cumulative Perpetual Preferred Stock (Preferred D Stock), par value $0.01 per share, with a liquidation preference of $1,000 per share (equivalent to $25 per depositary share).\nEach holder of a depositary share, will be entitled to all proportional rights and preferences of the Preferred D Stock (including dividend, voting, redemption, and liquidation rights).\nCosts of $15 million related to the issuance of the Preferred D Stock are reported as a direct deduction from the face amount of the stock.\nDividends on the Preferred D Stock will be non-cumulative and payable quarterly in arrears, when, as and if authorized by the Company's board of directors or a duly authorized committee of the board and declared by the Company, at an annual rate of 6.25% per year on the liquidation preference of $1,000 per share, equivalent to $25 per depositary share.\nThe dividend payment dates will be"}
{"_id": "d86979034", "title": "", "text": "| Twelve Months Ended December 31, 2012 Twelve Months Ended December 31, 2011 | (millions of dollars) | Operating revenues | Purchased power | Gas purchased for resale | Net revenues | Operations and maintenance | Depreciation and amortization | Taxes, other than income taxes | Operating income |"}
{"_id": "d81695034", "title": "", "text": "| (Amounts in millions) 2013 2012 | Cash and cash equivalents | Trade and other accounts receivable – net | Finance receivables – net | Contract receivables – net | Inventories – net | Other current assets | Total current assets | Notes payable and current maturities of long-term debt | Accounts payable | Other current liabilities | Total current liabilities | Working capital |"}
{"_id": "d8c6614cc", "title": "", "text": "| Balance at January 1, 2007 $4,677 | Increases based on tax positions related to the current period | Decreases based on tax positions related to the current period | Increases based on tax positions related to prior periods | Decreases based on tax positions related to prior periods | Decreases related to settlements with taxing authorities | Decreases related to a lapse of applicable statute of limitations | Balance at December 31, 2007 |"}
{"_id": "d8f8d6920", "title": "", "text": "| in thousands Total Principal Interest | Debt Payments (excluding the line of credit) | 2015 | 2016 | 2017 | 2018 | 2019 |"}
{"_id": "d825902a0", "title": "", "text": "CELLULOSE FIBERS HOW WE DID IN 2008 We report sales volume and annual production data for our Cellulose Fibers business segment in Our Business/What We Do/Cellulose Fibers.\nHere is a comparison of net sales and revenues and contribution to earnings for the last three years: Net Sales and Revenues and Contribution to Earnings for Cellulose Fibers"}
{"_id": "d8d914c36", "title": "", "text": "| 2017 vs. 2016 | Income / (Expense) | Company sales | Cost of sales | Cost of labor | Occupancy and other | Company restaurant expenses | Restaurant profit |"}
{"_id": "d865ee1c6", "title": "", "text": "| December 31, | 2008 | (in millions) | Commercial paper | Other recourse short-term debt | Total short-term debt |"}
{"_id": "d88fe4d90", "title": "", "text": "Auction Rate Securities At July 31, 2009, we held a total of $244.5 million in municipal auction rate securities.\nBased on the maturities of the underlying securities and the put option described below, we classified $150.9 million of these securities as short-term investments and $93.6 million of these securities as long-term investments on our balance sheet at that date.\nAll of the municipal auction rate securities we held at July 31, 2009 were rated A or better by the major credit rating agencies and 86% were collateralized by student loans guaranteed by the U. S.  Department of Education.\nThese securities are long-term debt instruments that are intended to provide liquidity through a Dutch auction process that resets the applicable interest rate at pre-determined intervals, typically every 35 days.\nDue to a decrease in liquidity in the global credit markets, in February 2008 auctions began failing for the municipal auction rate securities we held.\nRegularly scheduled auctions for these securities have generally continued to fail since that time.\nWhen these auctions initially failed, higher interest rates for many of the securities went into effect in accordance with the terms of the prospectus for each security.\nAs of July 31, 2009, we had received all interest payments in accordance with the contractual terms of these securities.\nDuring fiscal 2009 issuers redeemed at par value $40.8 million of municipal auction rate securities that we held.\nIn August 2008 the broker-dealers for our municipal auction rate securities announced settlements under which they may provide liquidity solutions, or purchase, the auction rate securities held by their institutional clients.\nOn November 4, 2008 we accepted an offer from UBS AG (UBS), one of the broker-dealers for our municipal auction rate securities, that gives us the option to sell UBS a total of $140.9 million in municipal auction rate securities at par value at any time during a two-year period beginning June 30, 2010.\nThe offer also gives UBS the discretion to buy any or all of these municipal auction rate securities from us at par value at any time.\nTo date UBS has not purchased any of these securities from us.\nWe currently intend to exercise our option to sell UBS all of these municipal auction rate securities at par value in accordance with the terms of the offer within the next twelve months.\nWe continue to have counter-party risk associated with UBS.\nBased on our expected operating cash flows and our other sources of cash, we do not believe that the reduction in liquidity of our municipal auction rate securities will have a material impact on our overall ability to meet our liquidity needs."}
{"_id": "d8177aa1c", "title": "", "text": "| Purchase price as of March 2, 2012 $3,599 | Recognized amounts of identifiable assets acquired and (liabilities assumed), at fair value (c) | Cash due from banks | Trading assets, interest-earning deposits with banks, and other short-term investments | Loans held for sale | Investment securities | Net loans | Other intangible assets | Equity investments | Other assets | Deposits | Other borrowed funds | Other liabilities | Total fair value of identifiable net assets | Goodwill |"}
{"_id": "d8e4878de", "title": "", "text": "| 2011 $82,184 | 2012 | 2013 | 2014 | 2015 | Thereafter | Total minimum lease payments | Less: Amount representing lease of the orbital location and estimated executory costs (primarily insurance and maintenance) including profit thereon, included in total minimum lease payments | Net minimum lease payments | Less: Amount representing interest | Present value of net minimum lease payments | Less: Current portion | Long-term portion of capital lease obligations |"}
{"_id": "d8ad8a480", "title": "", "text": "MetLife, Inc.  Notes to the Consolidated Financial Statements  (Continued) Information about impaired loans, restructured loans, loans 90 days or more past due and loans in foreclosure is as follows:"}
{"_id": "d8d845e68", "title": "", "text": "credit fundamentals, which if continued, may lead to a rating change.\nThese indicators are not necessarily a precursor of a rating change nor do they preclude a rating agency from changing a rating at any time without notice.\nCurrently, Fitch has all the Company’s ratings on Stable outlook, except for the financial strength ratings assigned to Prudential Insurance and certain other insurance subsidiaries which are on Negative outlook.\nMoody’s, S&P, and A. M.  Best have all the Company’s ratings on Stable outlook.\nRequirements to post collateral or make other payments as a result of ratings downgrades under certain agreements, including derivative agreements, can be satisfied in cash or by posting permissible securities held by the subsidiaries subject to the agreements.\nIn addition, a ratings downgrade by A. M.  Best to “A-” for our domestic life insurance companies would require Prudential Insurance to either post collateral or a letter of credit in the amount of approximately $1.5 billion, based on the level of statutory reserves related to the variable annuity business acquired from Allstate.\nWe believe that the posting of such collateral would not be a material liquidity event for Prudential Insurance.\nIn view of the difficulties experienced in recent years by many financial institutions, the rating agencies have heightened the level of scrutiny that they apply to such institutions, have increased the frequency and scope of their credit reviews, have requested additional information from the companies that they rate, and may adjust upward the capital and other requirements employed in the rating agency models for maintenance of certain ratings levels, such as the financial strength ratings currently held by our life insurance subsidiaries.\nIn addition, actions we might take to access third-party financing or to realign our capital structure may in turn cause rating agencies to reevaluate our ratings.\nThe following is a summary of the significant changes or actions in ratings and rating outlooks for our Company, as well as for the life insurance industry and sector, that have occurred from January 1, 2016 through February 17, 2017: On September 7, 2016, Fitch revised its Sector Outlook for U. S.  life insurers to Negative.\nFitch’s Sector Outlook reflects its view of underlying fundamental trends in the industry and the current operating environment.\nThe revision of the Sector Outlook to Negative is due to macro challenges tied to declining interest rates and market volatility.\nAt the same time, Fitch kept its Rating Outlook, which indicates the direction in which ratings are likely to move over the next 18-24 months, on the U. S.  life insurance sector as Stable.\nThe current Stable rating reflects Fitch’s view that the impact of the negative fundamentals indicated in their Sector Outlook remain manageable in the context of industry earnings and capital over the outlook period, and Fitch’s expectations that key credit metrics will remain largely consistent with current ratings.\nThese indicators are not necessarily a precursor of a rating change nor do they preclude a rating agency from changing a rating at any time without notice.\nOn November 15, 2016, Fitch upgraded Prudential Financial’s long-term senior debt rating to A- from BBB+ with a Stable outlook and the financial strength ratings of our U. S.  operating entities to “AA-” from “A+” with a Negative outlook.\nOn November 15, 2016, Moody’s revised its Rating Outlook on the U. S.  life insurance industry to Negative.\nMoody’s outlook indicates their expectations for the fundamental credit conditions driving the U. S.  life insurance industry over the next 12-18 months.\nThe change in the outlook is a result of increased pressure on life insurers’ sales, revenues and profitability due to persistent low interest rates and weak economic growth, together with regulatory pressures on product distribution.\nThe change in outlook back to Stable from Negative can occur with a gradual, steady increase in long-term interest rates in 2017, underpinned by strong equity market levels and an improvement in economic growth.\nOn December 7, 2016, A. M.  Best revised its Rating Outlook on the U. S.  life insurance industry to Negative.\nThe revision of the Rating Outlook to Negative reflects A. M.  Best’s view that the industry is entering into a period of increased volatility across both economic and regulatory fronts.\nA. M.  Best’s outlook indicates that there is uncertainty around the slow premium growth for life and other products, disruption from merger and acquisition activity, and the industry’s historic slow incremental approach in the face of a rapidly changing landscape."}
{"_id": "d8e67f984", "title": "", "text": "Position.\nAt December 31, 2013, and 2012, receivables classified as other assets were reduced by allowances of $22 million and $33 million, respectively.\nReceivables Securitization Facility – The Railroad maintains a $600 million, 364-day receivables securitization facility under which it sells most of its eligible third-party receivables to Union Pacific Receivables, Inc.  (UPRI), a wholly-owned, bankruptcy-remote subsidiary that may subsequently transfer, without recourse an undivided interest in accounts receivable to investors.\nThe investors have no recourse to the Railroad’s other assets except for customary warranty and indemnity claims.\nCreditors of the Railroad do not have recourse to the assets of UPRI.\nThe amount outstanding under the facility was $0 and $100 million at December 31, 2013, and December 31, 2012, respectively.\nThe facility was supported by $1.1 billion of accounts receivable as collateral at both December 31, 2013, and December 31, 2012, which, as a retained interest, is included in accounts receivable, net in our Condensed Consolidated Statements of Financial Position.\nThe outstanding amount the Railroad is allowed to maintain under the facility, with a maximum of $600 million, may fluctuate based on the availability of eligible receivables and is directly affected by business volumes and credit risks, including receivables payment quality measures such as default and dilution ratios.\nIf default or dilution ratios increase one percent, the allowable outstanding amount under the facility would not materially change.\nThe costs of the receivables securitization facility include interest, which will vary based on prevailing commercial paper rates, program fees paid to banks, commercial paper issuing costs, and fees for unused commitment availability.\nThe costs of the receivables securitization facility are included in interest expense and were $5 million, $3 million and $4 million for 2013, 2012, and 2011, respectively.\nIn July 2013, the $600 million receivables securitization facility was renewed for an additional 364-day period at comparable terms and conditions.11."}
{"_id": "d8d97bef4", "title": "", "text": "| 2009 $1,792,000 | 2010 | 2011 | 2012 | 2013 | Thereafter |"}
{"_id": "d8da80c50", "title": "", "text": "| (In thousands) 2012 2011 Change | Oilseeds | Corn | Milling and cocoa | Total | Carrying Value at December 31, | 2006 | Equity investments, under the cost method | Equity investments, under the equity method | $45 |"}
{"_id": "d892c84f8", "title": "", "text": "| Years Ended December 31, | 2012 | (in millions) | Advice & Wealth Management | Net revenues | Expenses | Operating earnings | Asset Management | Net revenues | Expenses | Operating earnings | Annuities | Net revenues | Expenses | Operating earnings | Protection | Net revenues | Expenses | Operating earnings | Corporate & Other | Net revenues | Expenses | Operating loss | Years Ended December 31, | 2012 | Segment Pretax Operating Increase (Decrease) | (in millions) | Other revenues | Benefits, claims, losses and settlement expenses | Amortization of DAC | Interest credited to fixed accounts | Total expenses | Total |"}
{"_id": "d88a2a9b8", "title": "", "text": "| December 31, 2017 2016 | Income taxes receivable—current | Total income taxes receivable | Income taxes payable—current | Income taxes payable—noncurrent | Total income taxes payable | December 31, | Differences between book and tax basis of property | Other taxable temporary differences | Total deferred tax liability | Operating loss carryforwards | Capital loss carryforwards | Bad debt and other book provisions | Tax credit carryforwards | Other deductible temporary differences | Total gross deferred tax asset | Less: valuation allowance | Total net deferred tax asset | Net deferred tax (liability) |"}
{"_id": "d8df3f912", "title": "", "text": "| Fixed Maturity Securities — by Sector & Credit Quality Rating at December 31, 2010 | NAIC Rating | Caa and | Rating Agency Designation: | (In millions) | U.S. corporate securities | Foreign corporate securities | RMBS -1 | Foreign government securities | U.S. Treasury, agency and government guaranteed securities | CMBS -1 | ABS -1 | State and political subdivision securities | Other fixed maturity securities | Total fixed maturity securities | Percentage of total | Fixed Maturity Securities — by Sector & Credit Quality Rating at December 31, 2009 | NAIC Rating | Caa and | Rating Agency Designation: | (In millions) | U.S. corporate securities | Foreign corporate securities | RMBS -1 | Foreign government securities | U.S. Treasury, agency and government guaranteed securities | CMBS | ABS | State and political subdivision securities | Other fixed maturity securities | Total fixed maturity securities | Percentage of total |"}
{"_id": "d8b92330a", "title": "", "text": "| (In millions, except per share data) 2008 2007 | Total revenue | Net income (loss) | Per share data | Earnings (loss) – basic | Earnings (loss) – diluted | Average common shares outstanding – basic | Average common shares outstanding – diluted | TargetAllocationRange | PNC Pension Plan | Asset Category | Equity securities | Fixed income securities | Real estate | Other | Total |"}
{"_id": "d8d7204f2", "title": "", "text": "| Consolidated Statement of Operations Data Fiscal | (In millions, except per share amounts) | Total net revenue | Total costs and expenses | Operating income from continuing operations | Total share-based compensation expense included in total costs and expenses | Net income from continuing operations | Net income (loss) from discontinued operations | Net income | Net income per common share: | Basic net income per share from continuing operations | Basic net income (loss) per share from discontinued operations | Basic net income per share | Diluted net income per share from continuing operations | Diluted net income (loss) per share from discontinued operations | Diluted net income per share | Dividends declared per common share |"}
{"_id": "d8a8fcb16", "title": "", "text": "subject to regulatory restrictions.\nCash, cash equivalents and short-term investments at the parent company decreased $19.7 million to $419.6 million at December 31, 2005 compared to $439.3 million at December 31, 2004 reflecting the use of parent company cash for acquisition activity during 2005.\nSee Schedule I to this Form 10-K beginning on page 107 for our parent company only financial information.\nRegulatory Requirements Certain of our subsidiaries operate in states that regulate the payment of dividends, loans, or other cash transfers to Humana Inc. , our parent company, and require minimum levels of equity as well as limit investments to approved securities.\nThe amount of dividends that may be paid to Humana Inc.  by these subsidiaries, without prior approval by state regulatory authorities, is limited based on the entitys level of statutory income and statutory capital and surplus.\nIn most states, prior notification is provided before paying a dividend even if approval is not required.\nAs of December 31, 2005, we maintained aggregate statutory capital and surplus of $1,203.2 million in our state regulated subsidiaries.\nEach of these subsidiaries was in compliance with applicable statutory requirements which aggregated $722.2 million.\nAlthough the minimum required levels of equity are largely based on premium volume, product mix, and the quality of assets held, minimum requirements can vary significantly at the state level.\nGiven our anticipated premium growth in 2006 resulting from the expansion of our Medicare products, capital requirements will increase.\nWe expect to fund these increased requirements with capital contributions from Humana Inc. , our parent company, in the range of $450 million to $650 million in 2006.\nMost states rely on risk-based capital requirements, or RBC, to define the required levels of equity.\nRBC is a model developed by the National Association of Insurance Commissioners to monitor an entitys solvency.\nThis calculation indicates recommended minimum levels of required capital and surplus and signals regulatory measures should actual surplus fall below these recommended levels.\nIf RBC were adopted by all states and Puerto Rico at December 31, 2005, we would be required to fund $14.7 million in one of our Puerto Rico subsidiaries to meet all requirements.\nAfter this funding, we would have $378.2 million of aggregate capital and surplus above any of the levels that require corrective action under RBC."}
{"_id": "d87310598", "title": "", "text": "| Period Total Number ofSharesPurchased [a] AveragePrice PaidPer Share Total Number of SharesPurchased as Part of aPublicly Announced Planor Program [b] Maximum Number ofShares That May YetBe Purchased Under the Planor Program [b] | Oct. 1 through Oct. 31 | Nov. 1 through Nov. 30 | Dec. 1 through Dec. 31 | Total |"}
{"_id": "d8d07ea18", "title": "", "text": "| (In millions) Reported Amount Fair Value | 2009: | Financial Assets: | Investment securities held to maturity | Net loans (excluding leases) | Financial Liabilities: | Long-term debt | 2008: | Financial Assets: | Investment securities: | Purchased under money market liquidity facility | Held to maturity | Net loans (excluding leases) | Financial Liabilities: | Long-term debt |"}
{"_id": "d87817f8c", "title": "", "text": "| In millions AggregateAssets Aggregate Liabilities | Tax credit investments (a) | December 31, 2009 | December 31, 2008 | Credit Risk Transfer Transaction | December 31, 2009 | December 31, 2008 |"}
{"_id": "d87207fd4", "title": "", "text": "| 2014 2013 (In millions, except percentages) | Silicon Systems Group | Applied Global Services | Display | Energy and Environmental Solutions | Total | Year Ended or At December 31 | (in millions, except per share data) | Income Statement Data: | Total revenues | Operating income | Non-operating income (expense) | Income before income taxes | Net income attributable to CME Group | Earnings per common share: | Basic | Diluted | Cash dividends per share | Balance Sheet Data: | Total assets | Short-term debt | Long-term debt | Shareholders’ equity |"}
{"_id": "d8c72d0ae", "title": "", "text": "| 2010 $160 | 2011 | 2012 | 2013 | 2014 |"}
{"_id": "d8e881796", "title": "", "text": "| 2009 2008 $ Change % Change | (dollars in millions) | $127.0 | Balance at Beginning of Period | (in millions) | Fiscal 2015 | Year Ended October 31, | 2015 | (dollars in millions) | Interest income | Interest expense | Gain (loss) on assets related to executive deferred compensation plan | Foreign currency exchange gain (loss) | Other, net | Total |"}
{"_id": "d87b0fb36", "title": "", "text": "offering proceeds, together with the 2015 Term Loan, were used to fund the AMS Portfolio Acquisition.\nWe recorded a charge of $45 million in interest expense, during the second quarter of 2015, for premiums, accelerated amortization of debt issuance costs, and investor discount costs net of interest rate hedge gains related to the early debt extinguishment.\nOur senior notes were issued in public offerings, are redeemable prior to maturity and are not subject to any sinking fund requirements.\nOur senior notes are unsecured, unsubordinated obligations and rank on parity with each other.\nThese notes are effectively junior to borrowings under our credit and security facility, to the extent if borrowed by our subsidiaries, and to liabilities of our subsidiaries (see Other Arrangements below).\nOn January 12, 2017, we used our existing credit facilities to repay the $250 million plus interest of our senior notes due in January 2017.\nOur senior notes consist of the following as of December 31, 2016:"}
{"_id": "d885c455e", "title": "", "text": "Adjusted EBITDA increased $574 million, or 5%, in 2017 primarily from: ?\nAn increase in branded postpaid and prepaid service revenues primarily due to strong customer response to our Uncarrier initiatives, the ongoing success of our promotional activities, and the continued strength of our MetroPCS brand; ?\nHigher wholesale revenues; and ?\nHigher other revenues; partially offset by ?\nHigher selling, general and administrative expenses; ?\nLower gains on disposal of spectrum licenses of $600 million; gains on disposal were $235 million for the year ended December 31, 2017, compared to $835 million in the same period in 2016; ?\nHigher cost of services expense; ?\nHigher net losses on equipment; and ?\nThe negative impact from hurricanes of approximately $201 million, net of insurance recoveries."}
{"_id": "d816223ea", "title": "", "text": "| December 31, | 2008 | (In millions) | Balance at beginning of the period, | Acquisitions -1 | Other, net -2 | Balance at the end of the period | Years Ended December 31, | 2008 | (In millions) | Service cost | Interest cost | Expected return on plan assets | Amortization of net actuarial (gains) losses | Amortization of prior service cost (credit) | Net periodic benefit cost | Pension   Benefits  (In millions) | 2009 | 2010 | 2011 | 2012 | 2013 | 2014-2018 | December 31, | 2008 | Estimated | Fair Value | (In millions) | Foreign -1 | Finance | Industrial | Consumer | Utility | Communications | Other | Total | December 31, | 2008 | Estimated | Fair Value | (In millions) | Residential mortgage-backed securities: | Collateralized mortgage obligations | Pass-through securities | Total residential mortgage-backed securities | Commercial mortgage-backed securities | Asset-backed securities | Total |"}
{"_id": "d8f72f270", "title": "", "text": "12.\nCommitments and Contingencies We are involved in various claims, regulatory agency audits and pending or threatened legal actions involving a variety of matters.\nThe total liability on these matters at December 31, 2009 cannot be determined; however, in our opinion, any ultimate liability, to the extent not otherwise provided for, will not materially affect our financial position, cash flow or results of operations.\nOur business is affected both directly and indirectly by governmental laws and regulations relating to the oilfield service industry in general, as well as by environmental and safety regulations that specifically apply to our business.\nAlthough we have not incurred material costs in connection with our compliance with such laws, there can be no assurance that other developments, such as new environmental laws, regulations and enforcement policies hereunder may not result in additional, presently unquantifiable, costs or liabilities to us.\nWe have received federal grand jury subpoenas and subsequent inquiries from governmental agencies requesting records related to our compliance with export trade laws and regulations.\nWe have cooperated fully with agents from the Department of Justice, the Bureau of Industry and Security, the Office of Foreign Assets Control, and U. S.  Immigration and Customs Enforcement in responding to the inquiries, and we have conducted our own internal review of this matter.\nAt the conclusion of our internal review in the fourth quarter of 2009, we identified possible areas of concern and discussed these areas of concern with the relevant agencies.\nWe are currently negotiating a potential resolution with the agencies involved related to these matters.\nWe currently anticipate that any administrative fine or penalty agreed to as part of a resolution would be within established accruals, and would not have a material effect on our financial position or results of operations.\nTo the extent a resolution is not negotiated as anticipated, we cannot predict the timing or effect that any resulting government actions may have on our financial position or results of operations.\nAs a result of our internal review and in an effort to prevent any future compliance issues of this nature, we have reviewed and are in the process of enhancing our compliance procedures and training.\nThe Company leases certain facilities and equipment under operating leases that expire at various dates through 2066.\nThese leases generally contain renewal options and require the lessee to pay maintenance, insurance, taxes and other operating expenses in addition to the minimum annual rentals.\nRental expense related to operating leases approximated $199 million, $184 million, and $128 million in 2009, 2008 and 2007, respectively.\nFuture minimum lease commitments under noncancellable operating leases with initial or remaining terms of one year or more at December 31, 2009 are payable as follows (in millions):\nthroughout North America, the segment supports major offshore drilling contractors through locations in Mexico, the Middle East, Europe, Southeast Asia and South America.\nDistribution Services employs advanced information technologies to provide complete procurement, inventory management and logistics services to its customers around the globe.\nDemand for the segments services is determined primarily by the level of drilling, servicing, and oil and gas production activities.\nThe following table sets forth the contribution to our total revenues of our three operating segments (in millions):"}
{"_id": "d8834ed6a", "title": "", "text": "| Price Range Dividends  per Share | High | 2006 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter | 2005 | First Quarter | Second Quarter | Third Quarter | Fourth Quarter |"}
{"_id": "d874d77d2", "title": "", "text": "| 2017 2016 2015 | Balance at January 1 | Extensions and Discoveries | Revisions | Acquisition of Reserves | Sale of Reserves | Conversion to Proved Developed Reserves | Balance at December 31 |"}
{"_id": "d819100c0", "title": "", "text": "| Year Ended December 31, | 2006 | Risk-free interest rate | Expected life | Dividend yield | Expected volatility |"}
{"_id": "d81cc5a80", "title": "", "text": "| 2014 2013 2012 | (In millions, except percentages) | Silicon Systems Group | Applied Global Services | Display | Energy and Environmental Solutions | Total |"}
{"_id": "d8a813a56", "title": "", "text": "ASF Framework In December 2007, the American Securitization Forum (ASF) issued the Streamlined Foreclosure and Loss Avoidance Framework for Securitized Adjustable Rate Mortgage Loans (the ASF Framework).\nThe ASF Framework was developed to address large numbers of subprime loans that are at risk of default when the loans reset from their initial fixed interest rates to variable rates.\nThe objective of the framework is to provide uniform guidelines for evaluating large numbers of loans for refinancing in an efficient manner while complying with the relevant tax regulations and off-balance sheet accounting standards for loan securitizations.\nThe ASF Framework targets loans that were originated between January 1, 2005 and July 31, 2007 and have an initial fixed interest rate period of 36 months or less, which are scheduled for their first interest rate reset between January 1, 2008 and July 31, 2010.\nThe ASF Framework categorizes the targeted loans into three segments.\nSegment 1 includes loans where the borrower is likely to be able to refinance into any available mortgage product.\nSegment 2 includes loans where the borrower is current but is unlikely to be able to refinance into any readily available mortgage product.\nSegment 3 includes loans where the borrower is not current.\nIf certain criteria are met, ASF Framework loans in Segment 2 are eligible for fast-track modification under which the interest rate will be kept at the existing initial rate, generally for five years following the interest rate reset date.\nUpon evaluation, if targeted loans do not meet specific criteria to be eligible for one of the three segments, they are categorized as other loans, as shown in the table below.\nThese criteria include the occupancy status of the borrower, structure and other terms of the loan.\nIn January 2008, the SECs Office of the Chief Accountant issued a letter addressing the accounting issues relating to the ASF Framework.\nThe letter concluded that the SEC would not object to continuing off-balance sheet accounting treatment for Segment 2 loans modified pursuant to the ASF Framework.\nFor those current loans that are accounted for off-balance sheet that are modified, but not as part of the ASF Framework, the servicer must perform on an individual basis, an analysis of the borrower and the loan to demonstrate it is probable that the borrower will not meet the repayment obligation in the near term.\nSuch analysis shall provide sufficient evidence to demonstrate that the loan is in imminent or reasonably foreseeable default.\nThe SECs Office of the Chief Accountant issued a letter in July 2007 stating that it would not object to continuing off-balance sheet accounting treatment for these loans.\nPrior to the acquisition of Countrywide on July 1, 2008, Countrywide began making fast-track loan modifications under Segment 2 of the ASF Framework in June 2008 and the off-balance sheet accounting treatment of QSPEs that hold those loans was not affected.\nIn addition, other workout activities relating to subprime ARMs including modifications (e. g. , interest rate reductions and capitalization of interest) and repayment plans were also made.\nThese initiatives have continued subsequent to the acquisition in an effort to work with all of our customers that are eligible and affected by loans that meet the requisite criteria.\nThese foreclosure prevention efforts will reduce foreclosures and the related losses providing a solution for customers and protecting investors.\nAs of December 31, 2008, the principal balance of beneficial interests issued by the QSPEs that hold subprime ARMs totaled $56.5 billion and the fair value of beneficial interests related to those QSPEs held by the Corporation totaled $14 million.\nThe table below presents a summary of loans in QSPEs that hold subprime ARMs as of December 31, 2008 as well as workout and payoff activity for the subprime loans by ASF categorization for the six months ended December 31, 2008.\nPrior to the acquisition of Countrywide on July 1, 2008, we did not originate or service significant subprime residential mortgage loans, nor did we hold a significant amount of beneficial interest in QSPEs of subprime residential mortgage loans.\nIn October 2008 in agreement with several state attorneys general, we announced the Countrywide National Homeownership Retention Program.\nUnder the program, we will systematically identify and seek to offer loan modifications for eligible Countrywide subprime and pay option ARM borrowers whose loans are in delinquency or scheduled for an interest rate or payment change.\nFor more information on our loan modification programs, see Recent Events on page 22.\nComplex Accounting Estimates Our significant accounting principles, as described in Note 1  Summary of Significant Accounting Principles to the Consolidated Financial Statements, are essential in understanding the MD&A.\nMany of our significant accounting principles require complex judgments to estimate values of assets and liabilities.\nWe have procedures and processes to facilitate making these judgments.\nThe more judgmental estimates are summarized below.\nWe have identified and described the development of the variables most important in the estimation process that, with the exception of accrued taxes, involve mathematical models to derive the estimates.\nIn many cases, there are numerous alternative judgments that could be used in the process of determining the inputs to the model.\nWhere alternatives exist, we have used the factors that we believe represent the most reasonable value in developing the inputs.\nActual performance that differs from our estimates"}
{"_id": "d8b8b1c28", "title": "", "text": "| 2008 Change 2007 Change 2006 | Aranesp®— U.S. | Aranesp®— International | Total Aranesp® |"}
{"_id": "d8bfe616a", "title": "", "text": "| Year Ended December 31, | 2007 | (in thousands) | Acquisition, Capital and Other Exploration Expenditures | Lease acquisition of unproved property | Exploration expenditures | Development expenditures | Corporate and other expenditures | Total consolidated capital expenditures | Our share of equity investee development costs | Total |"}
{"_id": "d89337c0e", "title": "", "text": "CROWN CASTLE INTERNATIONAL CORP.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Continued) 86 In June, September and December of 2002, the Company paid its quarterly dividends on the 8?% Convertible Preferred Stock by issuing a total of 3,745,000 shares of its common stock.\nAs allowed by the Deposit Agreement relating to dividend payments on the 8?% Convertible Preferred Stock, the Company purchased the 3,745,000 shares of common stock from the dividend paying agent for a total of $12,239,000 in cash.\nIn March, June and September of 2003, the Company paid its quarterly dividends on the 8?% Convertible Preferred Stock by issuing a total of 1,825,000 shares of its common stock.\nThe Company purchased the 1,825,000 shares of common stock from the dividend paying agent for a total of $12,382,000 in cash.\nIn March, June and December of 2004, the Company paid its quarterly dividends on the 8?% Convertible Preferred Stock by issuing a total of 845,000 shares of its common stock.\nThe Company purchased the 845,000 shares of common stock from the dividend paying agent for a total of $12,245,000 in cash.\nThe Company utilized cash from an Unrestricted investment subsidiary to effect the stock purchases.\nThe Company may choose to continue issuances and purchases of stock in the future in order to offset dilution caused by the issuance of common stock as dividends on its preferred stock (see note 9).6.25% Convertible Preferred Stock The Company had originally issued 8,050,000 shares of its 6.25% Convertible Preferred Stock at a price of $50.00 per share (the liquidation preference per share).\nThe holders of the 6.25% Convertible Preferred Stock are entitled to receive cumulative dividends at the rate of 6.25% per annum payable on February 15, May 15, August 15 and November 15 of each year.\nThe Company has the option to pay dividends in cash or in shares of its common stock (valued at 95% of the current market value of the common stock, as defined).\nFor the years ended December 31, 2002, 2003 and 2004, dividends were paid with 6,338,153, 3,253,469 and 1,498,361 shares of common stock, respectively.\nThe Company is required to redeem all outstanding shares of the 6.25% Convertible Preferred Stock on August 15, 2012 at a price equal to the liquidation preference plus accumulated and unpaid dividends.\nThe shares of 6.25% Convertible Preferred Stock are convertible, at the option of the holder, in whole or in part at any time, into shares of the Companys common stock at a conversion price of $36.875 per share of common stock.\nUnder certain circumstances, the Company has the right to convert the 6.25% Convertible Preferred Stock, in whole or in part, into shares of the Companys common stock at the same conversion price.\nThe conversion of all outstanding shares of the 6.25% Convertible Preferred Stock would result in the issuance of 8,625,084 shares of the Companys common stock.\nThe Companys obligations with respect to the 6.25% Convertible Preferred Stock are subordinate to all indebtedness of the Company, and are effectively subordinate to all debt and liabilities of the Companys subsidiaries.\nThe 6.25% Convertible Preferred Stock ranks in parity with the 8?% Convertible Preferred Stock.\nPurchases and Redemption of the Companys Preferred Stock In August and September of 2002, the Company began purchasing its stock (both common and preferred) and debt securities in public market transactions (see Notes 5 and 9).\nThrough December 31, 2002, the Company purchased shares of preferred stock with an aggregate redemption amount of $162,853,000.\nSuch shares of preferred stock had an aggregate carrying value (net of unamortized issue costs, as restated) of $156,798,000.\nThe Company utilized $60,989,000 in cash from an Unrestricted investment subsidiary to effect these preferred stock purchases.\nThe preferred stock purchases resulted in gains of $95,809,000, as restated.\nSuch gains are offset against dividends on preferred stock in determining the net loss applicable to common stock for the calculation of loss per common share.\nThe Companys purchases of its preferred stock in 2002 were as follows:"}
{"_id": "d8800fad2", "title": "", "text": "NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) December 31, 2001 (Dollars in thousands, except per share data) 2007, with a mandatory redemption on April 15, 2008 at a price of $25.00 per share.\nThe PIERS were recorded net of underwriters discount and issuance costs.\nThese costs are being accreted over the expected term of the PIERS using the interest method.\nRights Plan On February 16, 2000, the Board of Directors of the Company authorized a distribution of one preferred share purchase right (Right) for each outstanding share of common stock which was distributed to all holders of record of the common stock on March 31, 2000.\nEach Right entitles the registered holder to purchase from the Company one one-hundredth of a share of Series B junior participating preferred stock, par value $0.01 per share (Preferred Shares), at a price of $60.00 per one one-hundredth of a Preferred Share (Purchase Price), subject to adjustment as provided in the rights agreement.\nThe Rights expire on March 5, 2010, unless the expiration date is extended or the Right is redeemed or exchanged earlier by the Company.\nThe Rights are attached to each share of common stock.\nThe Rights are generally exercisable only if a person or group becomes the beneficial owner of 17% or more of the outstanding common stock or announces a tender offer for 17% or more of the outstanding stock (Acquiring Person).\nIn the event that a person or group becomes an Acquiring Person, each holder of a Right, excluding the Acquiring Person, will have the right to receive, upon exercise, common stock having a market value equal to two times the Purchase Price of the Preferred Shares.\nDividend Reinvestment and Stock Purchase Plan The Company filed a registration statement with the SEC for the Companys dividend reinvestment and stock purchase plan (DRIP) which was declared effective on September 10, 2001, and commenced on September 24, 2001.\nThe Company registered 3,000,000 shares of common stock under the DRIP.\nDuring the year ended December 31, 2001, no shares were issued and no proceeds were received from dividend reinvestments and/or stock purchases under the DRIP.\nStock Option Plan During August 1997, the Company instituted the 1997 Stock Option and Incentive Plan (the Stock Option Plan).\nThe Stock Option Plan was amended in December 1997, March 1998 and March 1999.\nThe Stock Option Plan, as amended, authorizes (i) the grant of stock options that qualify as incentive stock options under Section 422 of the Code (ISOs), (ii) the grant of stock options that do not qualify (NQSOs), (iii) the grant of stock options in lieu of cash Directors fees and (iv) grants of shares of restricted and unrestricted common stock.\nThe exercise price of stock options will be determined by the Compensation Committee, but may not be less than 100% of the fair market value of the shares of Common Stock on the date of grant.\nAt December 31, 2001, approximately 3,008,875 shares of common stock were reserved for issuance under the Plan.\nOptions granted under the Stock Option Plan are exercisable at the fair market value on the date of grant and, subject to termination of employment, expire ten years from the date of grant, are not transferable other than on death, and are generally exercisable in three equal annual installments commencing one year from the date of grant (with the exception of 10,000 options which had a vesting period of one year).\nThe Company applies APB No.25 and related interpretations in accounting for its plan.\nStatement of Financial Accounting Standards No.123 (SFAS 123) was issued by the Financial Accounting Standards Board in 1995 and, if fully adopted, changes the methods for recognition of cost on plans similar to that of the Company.\nAdoption of SFAS 123 is optional, however, pro forma disclosure, as if the Company adopted the cost recognition requirements under SFAS 123, is presented below.\nThe Company did not record any compensation expense under APB 25.\nA summary of the status of the Companys stock options as of December 31, 2001, 2000 and 1999 and changes during the years then ended are presented below:"}
{"_id": "d8d2c9ab6", "title": "", "text": "Recent Accounting Pronouncements Not Yet Adopted in 2017 Revenue from Contracts with Customers.\nIn May 2014, the FASB issued ASU 2014-09, Revenue from Contracts with Customers (ASU 2014-09).\nASU 2014-09 outlines a single comprehensive model for entities to use in accounting for revenue arising from contracts with customers and supersedes most current revenue recognition guidance, including industry-specific guidance.\nThe guidance also changes the accounting for certain contract costs and revises the criteria for determining if an entity is acting as a principal or agent in certain arrangements.\nThe key changes in the standard that impact the Companys revenue recognition relate to the presentation of certain revenue contracts and associated contract costs.\nThe most significant of these changes relates to the presentation of certain distribution costs, which are currently presented net against revenues (contra-revenue) and will be presented as an expense on a gross basis.\nThe Company adopted ASU 2014-09 effective January 1, 2018 on a full retrospective basis, which will require 2016 and 2017 to be restated in future filings.\nThe cumulative effect adjustment to the 2016 opening retained earnings was not material.\nThe Company currently expects the net gross up to revenue to be approximately $1 billion with a corresponding gross up to expense for both 2016 and 2017.\nRecognition and Measurement of Financial Instruments.\nIn January 2016, the FASB issued ASU 2016-01, Recognition and Measurement of Financial Assets and Financial Liabilities (ASU 2016-01).\nASU 2016-01 amends guidance on the classification and measurement of financial instruments, including significant revisions in accounting related to the classification and measurement of investments in certain equity securities.\nASU 2016-01 also amends certain disclosure requirements associated with the fair value of financial instruments.\nThe reclassification of unrealized gains (losses) on equity securities within accumulated other comprehensive income to retained earnings was not material upon adoption effective January 1, 2018.\nLeases.\nIn February 2016, the FASB issued ASU 2016-02, Leases (ASU 2016-02), which requires lessees to recognize assets and liabilities arising from most operating leases on the consolidated statements of financial condition.\nThe Company expects to record assets and liabilities for its current operating leases upon adoption of ASU 2016-02 and does not expect the adoption to have a material impact on its results of operations or cash flows.\nASU 2016-02 is effective for the Company on January 1, 2019, and the Company intends to apply the practical expedients allowed by the standard upon transition.\nCash Flow Classification.\nIn August 2016, the FASB issued ASU 2016-15, Classification of Certain Cash Receipts and Cash Payments (ASU 2016-15), which amends and clarifies the current guidance to reduce diversity in practice of the classification of certain cash receipts and payments in the consolidated statements of cash flows.\nThe Company does not expect the adoption of ASU 2016-15 to have a material impact on its consolidated statement of cash flows.\nASU 2016-15 is effective for the Company on January 1, 2018.\nThe Company must apply the guidance retrospectively to all periods presented.3."}
{"_id": "d8ee34b48", "title": "", "text": "| Payments Due by Period | (in thousands) | Global headquarters operating leases-1 | Other operating leases-2 | Unconditional purchase obligations-3 | Obligations related to uncertain tax positions, including interest and penalties-4 | Other long-term obligations-5 | Total contractual obligations |"}
{"_id": "d86b5f290", "title": "", "text": "| Cash $6,708 | Intangible assets subject to amortization | Goodwill | Other assets | Purchased research and development | Current liabilities | Net deferred income taxes | Other long-term liabilities | $28,358 |"}
{"_id": "d88802366", "title": "", "text": "| December 31 | 2014 | (Dollars in millions) | Allowance for loan and lease losses | Residential mortgage | Home equity | U.S. credit card | Non-U.S. credit card | Direct/Indirect consumer | Other consumer | Total consumer | U.S. commercial-1 | Commercial real estate | Commercial lease financing | Non-U.S. commercial | Total commercial-2 | Allowance for loan and lease losses-3 | Reserve for unfunded lending commitments | Allowance for credit losses |"}
{"_id": "d8d768158", "title": "", "text": "operating income of $39 million during 2004.\nThis improvement was primarily attributable to the impact of opening new stores and the segment’s year-over-year increase in average revenue per store, which resulted in higher leverage on occupancy, depreciation, and other fixed costs.\nExpansion of the Retail segment has required and will continue to require a substantial investment in fixed assets and related infrastructure, operating lease commitments, personnel, and other operating expenses.\nCapital expenditures associated with the Retail segment were $200 million in 2006, bringing the total capital expenditures since inception of the Retail segment to approximately $729 million.\nAs of September 30, 2006, the Retail segment had approximately 5,787 employees and had outstanding operating lease commitments associated with retail store space and related facilities of approximately $887 million.\nThe Company would incur substantial costs if it were to close its retail stores.\nSuch costs could adversely affect the Company’s results of operations and financial condition."}
{"_id": "d8e7d76e2", "title": "", "text": "Convertible Debentures In January 2002, we sold convertible subordinated debentures having an aggregate principal amount of $402 million.\nThe proceeds from the offering, net of $6 million in offering expenses, were $396 million.\nThe debentures mature in 2022 and are callable at par, at our option, for cash on or after January 15, 2007.\nHolders may require us to purchase all or a portion of their debentures on January 15, 2012, and again on January 15, 2017, if not previously redeemed, at a purchase price equal to 100% of the principal amount of the debentures plus accrued and unpaid interest up to but not including the date of purchase.\nWe have the option to settle the purchase price in cash, stock or a combination of cash and stock.\nThe debentures become convertible into shares of our common stock at a conversion rate of 21.7391 shares per $1,000 principal amount of debentures, equivalent to an initial conversion price of $46.00 per share, if the closing price of our common stock exceeds a specified price for 20 consecutive trading days in a 30-trading day period preceding the date of conversion, if our credit rating falls below specified levels, if the debentures are called for redemption or if certain specified corporate transactions occur.\nThe debentures were not convertible at February 27, 2010, and have not been convertible through April 26, 2010.\nThe debentures have an interest rate of 2.25% per annum.\nThe interest rate may be reset, but not below 2.25% or above 3.25%, on July 15, 2011, and July 15, 2016.\nOne of our subsidiaries has guaranteed the debentures."}
{"_id": "d8d684db8", "title": "", "text": "| U.S. Pension Benefits U.S. Postretirement Medical Benefits International Pension Benefits | 2010 | Funded Status: | Fair value of plan assets | Benefit obligation | Funded status recognized at December 31 | Funded Status Amounts Recognized in our Balance Sheet: | Other non-current assets | Other current liabilities | Pension and postretirement benefit obligations | Net asset (liability) at December 31 | Amounts Recognized in AOCI: | Unrecognized net prior service cost | Unrecognized net actuarial loss | Gross unrecognized cost at December 31 | Deferred tax asset at December 31 | Net unrecognized cost at December 31 | Project Benefit Obligation Exceeds the Fair Value of Plan Assets | 2010 | U.S. Pension Benefits | Projected benefit obligation | Accumulated benefit obligation | Fair value of plan assets | International Pension Benefits | Projected benefit obligation | Accumulated benefit obligation | Fair value of plan assets |"}
{"_id": "d8e42ce84", "title": "", "text": "| $ in millions Average for the Three Months Ended December 2017 | Total HQLA | Eligible HQLA | Net cash outflows | LCR |"}
{"_id": "d818a3a7e", "title": "", "text": "MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (COMBINED FOR CON EDISON AND CON EDISON OF NEW YORK)–CONTINUED Con Edison of New York Electric Con Edison of New York’s electric sales and deliveries, excluding off-system sales, in 2005 compared with 2004 were:\nCon Edison of New York’s electric operating revenues were $830 million higher in 2005 than in 2004, due primarily to increased recoverable purchased power and fuel costs ($405 million), warmer summer weather and sales growth ($119 million), the electric rate plan that took effect in April 2005 ($282 million), the charge in 2004 to resolve certain issues relating primarily to the treatment of prior period pension credits ($100 million) and recovery of costs relating to the East River Repowering Project ($54 million), offset in part by lower revenue taxes ($76 million; see “State Income Tax” in Note A to the financial statements), and provision for refund to customers of shared earnings above the target level ($53 million).\nElectric sales and delivery volumes in Con Edison of New York’s service area increased 4.7 percent in 2005 compared with 2004, primarily reflecting warmer weather in the 2005 summer period compared with 2004 weather, growth in usage by existing customers and increased new business.\nAfter adjusting for variations, principally weather and billing days in each period, electric sales and delivery volumes in Con Edison of New York’s service area increased 2.4 percent in 2005 compared with 2004.\nCon Edison of New York’s electric purchased power costs increased $285 million in 2005 compared with 2004 reflecting an increase in unit costs, partially offset by decreased purchased volumes associated with additional customers obtaining their energy supply through competitive providers.\nElectric fuel costs increased $120 million, reflecting higher sendout volumes from the company’s generating facilities and an increase in unit costs.\nCon Edison of New York’s electric operating income increased $133 million in 2005 compared with 2004."}
{"_id": "d827ba5ee", "title": "", "text": "NOTE 3 - AVAILABLE FOR SALE SECURITIES: Available for sale securities are comprised primarily of CMOs, mortgage related debt, and certain equity securities of the Company's non-broker-dealer subsidiaries, principally RJBank.\nThere were proceeds from the sale of available for sale securities of $81,000 for the year ended September 30, 2007, $252,000 for the year ended September 30, 2006 and $9,250,000 for the year ended September 30, 2005.\nThe realized gains and losses related to the sale of available for sale securities were immaterial to the consolidated financial statements for all years presented."}
{"_id": "d8c869012", "title": "", "text": "D. R.  HORTON, INC.  AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS – (Continued) The Company’s revolving credit facility imposes restrictions on its operations and activities, including requiring the maintenance of a minimum level of tangible net worth, a maximum allowable ratio of debt to tangible net worth and a borrowing base restriction if the Company’s ratio of debt to tangible net worth exceeds a certain level.\nThese covenants are measured as defined in the credit agreement governing the facility and are reported to the lenders quarterly.\nA failure to comply with these financial covenants could allow the lending banks to terminate the availability of funds under the revolving credit facility or cause any outstanding borrowings to become due and payable prior to maturity.\nIn addition, the credit agreement governing the facility and the indenture governing the senior notes impose restrictions on the creation of secured debt and liens.\nAt September 30, 2016, the Company was in compliance with all of the covenants, limitations and restrictions of its revolving credit facility and public debt obligations.\nThe Company has an automatically effective universal shelf registration statement filed with the Securities and Exchange Commission (SEC) in August 2015, registering debt and equity securities that the Company may issue from time to time in amounts to be determined.\nOn January 15, 2016, the Company repaid $170.2 million principal amount of its 5.625% senior notes, which were due on that date.\nOn April 15, 2016, the Company repaid $372.7 million principal amount of its 6.5% senior notes, which were due on that date.\nThe key terms of the Company’s senior notes outstanding as of September 30, 2016 are summarized below."}
{"_id": "d89a25598", "title": "", "text": "IMPAIRMENTS, NET LOSS ON SALE OF LONG-LIVED ASSETS, RESTRUCTURING AND MERGER RELATED EXPENSE The significant components reflected in impairments, net loss on sale of long-lived assets, restructuring and merger related expense in the accompanying consolidated statements of operations include the following: Impairments and Net Loss on Sale of Long-Lived Assets—During the years ended December 31, 2006, 2005 and 2004, the Company recorded impairments and net loss on sale of long-lived assets (primarily related to its rental and management segment) of $3.0 million, $19.1 million and $22.3 million, respectively.  ?\nNon-Core Asset Impairment Charges—During the years ended December 31, 2006 and 2005 respectively, the Company recorded net losses associated with the sales of certain non-core towers and other assets, as well as impairment charges to write-down certain assets to net realizable value after an indicator of potential impairment had been identified.\nAs a result, the Company recorded net losses and impairments of approximately $2.0 million, $16.8 million and $17.7 million for the years ended December 31, 2006, 2005 and 2004, respectively.\nThe net loss for the year ended December 31, 2006 is comprised net losses from asset sales and other impairments of $7.0 million, offset by gains from asset sales of $5.1 million.  ?\nConstruction-In-Progress Impairment Charges—For the years ended December 31, 2006, 2005 and 2004, the Company wrote-off approximately $1.0 million, $2.3 million and $4.6 million, respectively, of construction-in-progress costs, primarily associated with sites that it no longer planned to build."}
{"_id": "d8c6c16c4", "title": "", "text": "From an enterprise risk management perspective, management sets limits on the levels of catastrophe loss exposure the Company may underwrite.\nThe limits are revised periodically based on a variety of factors, including but not limited to the Companys financial resources and expected earnings and risk/reward analyses of the business being underwritten.\nThe Company may purchase reinsurance to cover specific business written or the potential accumulation or aggregation of exposures across some or all of its operations.\nReinsurance purchasing decisions consider both the potential coverage and market conditions including the pricing, terms, conditions, availability and collectability of coverage, with the aim of securing cost effective protection from financially secure counterparties.\nThe amount of reinsurance purchased has varied over time, reflecting the Companys view of its exposures and the cost of reinsurance.\nManagement estimates that the projected net economic loss from its largest 100-year event in a given zone represents approximately 11% of its December 31, 2016 shareholders equity.\nEconomic loss is the PML exposure, net of third party reinsurance, reduced by estimated reinstatement premiums to renew coverage and estimated income taxes.\nThe impact of income taxes on the PML depends on the distribution of the losses by corporate entity, which is also affected by inter-affiliate reinsurance.\nManagement also monitors and controls its largest PMLs at multiple points along the loss distribution curve, such as loss amounts at the 20, 50, 100, 250, 500 and 1,000 year return periods.\nThis process enables management to identify and control exposure accumulations and to integrate such exposures into enterprise risk, underwriting and capital management decisions.\nThe Companys catastrophe loss projections, segmented by risk zones, are updated quarterly and reviewed as part of a formal risk management review process.\nThe table below reflects the Companys PML exposure, net of third party reinsurance at various return periods for its top three zones/perils (as ranked by the largest 1 in 100 year economic loss) based on loss projection data as of December 31, 2016:"}
{"_id": "d8e3a8efe", "title": "", "text": "| Year ended December 31, | 2015 | (in millions) | Annualized new business premiums-1: | Group life | Group disability | Total |"}
{"_id": "d88e61d42", "title": "", "text": "| October 31, 2009 November 1, 2008 | Fair value of forward exchange contracts asset (liability) | Fair value of forward exchange contracts after a 10% unfavorable movement in foreign currency exchange rates asset (liability) | Fair value of forward exchange contracts after a 10% favorable movement in foreign currency exchange rates liability |"}
{"_id": "d8d3d34d4", "title": "", "text": "| 2004 2005 2006 2007 2008 2009 | Loews Common Stock | S&P 500 Index | Loews Peer Group (a) |"}
{"_id": "d8ded8870", "title": "", "text": "Loans acquired in connection with acquisition transactions subsequent to 2008 were recorded at fair value with no carry-over of any previously recorded allowance for credit losses.\nDetermining the fair value of the acquired loans required estimating cash flows expected to be collected on the loans and discounting those cash flows at then-current interest rates.\nFor acquired loans where fair value was less than outstanding principal as of the acquisition date and the resulting discount was due, at least in part, to credit deterioration, the excess of expected cash flows over the carrying value of the loans is recognized as interest income over the lives of the loans.\nThe difference between contractually required payments and the cash flows expected to be collected is referred to as the nonaccretable balance and is not recorded on the consolidated balance sheet.\nThe nonaccretable balance reflects estimated future credit losses and other contractually required payments that the Company does not expect to collect.\nThe Company regularly evaluates the reasonableness of its cash flow projections associated with such loans, including its estimates of lifetime principal losses.\nAny decreases to the expected cash flows require the Company to evaluate the need for an additional allowance for credit losses and could lead to charge-offs of loan balances.\nAny significant increases in expected cash flows result in additional interest income to be recognized over the then-remaining lives of the loans.\nThe carrying amount of loans acquired at a discount subsequent to 2008 and accounted for based on expected cash flows was $1.0 billion and $1.8 billion at December 31, 2017 and 2016, respectively.\nThe nonaccretable balance related to remaining principal losses associated with loans acquired at a discount as of December 31, 2017 and 2016 is presented in table 11.\nDuring each of the last three years, based largely on improving economic conditions and borrower repayment performance, the Companys estimates of cash flows expected to be generated by loans acquired at a discount and accounted for based on expected cash flows improved, resulting in increases in the accretable yield.\nIn 2017, estimated cash flows expected to be generated by acquired loans increased by $66 million, or approximately 3%.\nThat improvement reflected higher estimated principal, interest and other recoveries largely associated with purchased-impaired residential real estate loans acquired from Hudson City.\nIn 2016, estimated cash flows expected to be generated by acquired loans increased by $50 million, or approximately 2%.\nThat improvement reflected a lowering of estimated principal losses by approximately $33 million, primarily due to a $19 million decrease in expected principal losses in the commercial real estate loan portfolios, as well as interest and other recoveries.\nSimilarly, in 2015, excluding expected cash flows on the purchased impaired loans acquired from Hudson City on November 1, 2015, estimated cash flows expected to be generated increased by $77 million, or approximately 3%.\nThat improvement reflected a lowering of estimated principal losses by approximately $58 million, primarily due to a $42 million decrease in expected principal losses in the commercial real estate loan portfolios, as well as interest and other recoveries."}
{"_id": "d819e64e0", "title": "", "text": "2011 compared to 2010 MST’s net sales for 2011 decreased $311 million, or 4%, compared to 2010.\nThe decrease was attributable to decreased volume of approximately $390 million for certain ship and aviation system programs (primarily Maritime Patrol Aircraft and PTDS) and approximately $75 million for training and logistics solutions programs.\nPartially offsetting these decreases was higher sales of about $165 million from production on the LCS program.\nMST’s operating profit for 2011 decreased $68 million, or 10%, compared to 2010.\nThe decrease was attributable to decreased operating profit of approximately $55 million as a result of increased reserves for contract cost matters on various ship and aviation system programs (including the terminated presidential helicopter program) and approximately $40 million due to lower volume and increased reserves on training and logistics solutions.\nPartially offsetting these decreases was higher operating profit of approximately $30 million in 2011 primarily due to the recognition of reserves on certain undersea systems programs in 2010.\nAdjustments not related to volume, including net profit rate adjustments described above, were approximately $55 million lower in 2011 compared to 2010.\nBacklog Backlog increased in 2012 compared to 2011 mainly due to increased orders on ship and aviation system programs (primarily MH-60 and LCS), partially offset decreased orders and higher sales volume on integrated warfare systems and sensors programs (primarily Aegis).\nBacklog decreased slightly in 2011 compared to 2010 primarily due to higher sales volume on various integrated warfare systems and sensors programs.\nTrends We expect MST’s net sales to decline in 2013 in the low single digit percentage range as compared to 2012 due to the completion of PTDS deliveries in 2012 and expected lower volume on training services programs.\nOperating profit and margin are expected to increase slightly from 2012 levels primarily due to anticipated improved contract performance."}
{"_id": "d8634d156", "title": "", "text": "| Shares Weighted-Average Grant Date Fair Value (per share) | Non-vested total at January 1, 2014 | Granted | Performance share adjustment | Vested | Forfeited | Non-vested total at December 31, 2014 | 2014 | Intrinsic value | Income tax benefit |"}
{"_id": "d867d8c70", "title": "", "text": "| December 31, | 2017 | Gross | Carrying | Amount | Unamortizable intangible assets | Management contracts | Trademarks | Trade names | $163,553 | Amortizable intangible assets | Customer relationships | Mortgage servicing rights | Trademarks/Trade name | Management contracts | Covenant not to compete | Other | $2,236,297 | Total intangible assets |"}
{"_id": "d87e2e52e", "title": "", "text": "Business Lending revenue in Global Corporate Banking and Global Commercial Banking remained relatively unchanged in 2014 compared to 2013 as the impact of growth in average loan balances was offset by spread compression.\nGlobal Transaction Services revenue in Global Corporate Banking increased $223 million in 2014 driven by the impact of growth in U. S.  and non-U.\nS.  deposit balances.\nGlobal Transaction Services revenue in Global Commercial Banking remained relatively unchanged as the impact of higher deposit balances was more than offset by spread compression.\nAverage loans and leases in Global Corporate and Global Commercial Banking increased five percent in 2014 driven by growth in the commercial and industrial and commercial real estate portfolios.\nAverage deposits in Global Corporate and Global Commercial Banking increased 10 percent in 2014 due to client liquidity and international growth."}
{"_id": "d86e8e2d6", "title": "", "text": "| Three Months Ended | Dec. 31, 2018 | (Unaudited, in thousands) | Reconciliation of Net Income (Loss) to Adjusted EBITDA: | Net income (loss) | Stock-based compensation expense | Depreciation and amortization expense | Interest and other expense, net | Provision (benefit) for income taxes | Restructuring charges and one-time nonrecurring gain | Adjusted EBITDA |"}
{"_id": "d885f4164", "title": "", "text": "| Year Ended December 31, | (dollars in millions) | Salaries and employee benefits | Outside services | Occupancy | Equipment expense | Amortization of software | Other operating expense | Noninterest expense |"}
{"_id": "d8232f1aa", "title": "", "text": "| 2013 $3,189 | 2014 | 2015 | 2016 | 2017 | 2018 and thereafter | Total |"}
{"_id": "d8eaaba3a", "title": "", "text": "Commodity Price Risk We are exposed to fluctuations in commodity prices due to contractual agreements with component suppliers.\nIn order to protect ourselves against future price volatility and, consequently, fluctuations in gross margins, we periodically enter into commodity swap contracts with designated banks to fix the cost of certain raw material purchases with the objective of minimizing changes in inventory cost due to market price fluctuations.\nCertain commodity swap contracts are derivative contracts that are designated as cash flow hedges under GAAP.\nWe also have commodity swap contracts that represent an economic hedge, however do not qualify for hedge accounting and are marked to market through earnings.\nFor those contracts that qualify for hedge accounting, the effective portion of the unrealized gain or loss is deferred and reported as a component of AOCL.\nWhen the hedged forecasted transaction (purchase) occurs, the unrealized gain or loss is reclassified into income in the same line item associated with the hedged transaction in the same period or periods during which the hedged transaction affects income.\nThe ineffective portion of the hedge, if any, is recognized in current income in the period in which the ineffectiveness occurs.\nAs of December 31, 2011, we expect to reclassify an unrealized net loss of $11 million from AOCL to income over the next year.\nOur internal policy allows for managing these cash flow hedges for up to three years."}
{"_id": "d86458d48", "title": "", "text": "Share-Based Compensation Plans and Other Incentive PlansStock Options, Stock Appreciation Rights and Employee Stock Purchase PlanThe Company grants options to acquire shares of common stock to certain employees and to existing option holders of acquired companies in connection with the merging of option plans following an acquisition.\nEach option granted and stock appreciation right has an exercise price of no less than 100% of the fair market value of the common stock on the date of the grant.\nThe awards have a contractual life of five to fifteen years and vest over two to four years.\nStock options and stock appreciation rights assumed or replaced with comparable stock options or stock appreciation rights in conjunction with a change in control of the Company only become exercisable if the holder is also involuntarily terminated (for a reason other than cause) or quits for good reason within 24 months of a change in control.\nThe employee stock purchase plan allows eligible participants to purchase shares of the Companys common stock through payroll deductions of up to 20% of eligible compensation on an after-tax basis.\nPlan participants cannot purchase more than $25,000 of stock in any calendar year.\nThe price an employee pays per share is 85% of the lower of the fair market value of the Companys stock on the close of the first trading day or last trading day of the purchase period.\nThe plan has two purchase periods, the first from October 1 through March 31 and the second from April 1 through September 30.\nFor the years ended December 31, 2013, 2012 and 2011, employees purchased 1.5 million, 1.4 million and 2.2 million shares, respectively, at purchase prices of $43.02 and $50.47, $34.52 and $42.96, and $30.56 and $35.61, respectively.\nThe Company calculates the value of each employee stock option, estimated on the date of grant, using the Black-Scholes option pricing model.\nThe weighted-average estimated fair value of employee stock options granted during 2013, 2012 and 2011 was $9.52, $9.60 and $13.25, respectively, using the following weighted-average assumptions:"}
{"_id": "d8f7b6df6", "title": "", "text": "| 2011 2010 2009 2008 | $17,362 |"}
{"_id": "d8caae8c2", "title": "", "text": "| Years ended December 31 2013 2012 2011 | Operating income: | Risk Solutions | HR Solutions | Unallocated | Operating income | Interest income | Interest expense | Other income | Income before income taxes |"}
{"_id": "d83f65cc0", "title": "", "text": "| Year Ended September 30, | 2014 | (In millions, except per share data) | Operating Data: | Revenues: | Homebuilding | Financial Services | Inventory and land option charges | Gross profit — Homebuilding | Income (loss) before income taxes: | Homebuilding | Financial Services | Income tax expense (benefit) (1) (2) | Net income | Net income per share: | Basic | Diluted | Cash dividends declared per common share | September 30, | 2014 | (In millions) | Balance Sheet Data: | Cash and cash equivalents and marketable securities -3 | Inventories | Total assets | Notes payable -4 | Total equity |"}
{"_id": "d8c2f1080", "title": "", "text": "Akyem, Ghana.\nGold production was in line with prior year mainly due to higher ore grade milled and a reduction of in-circuit inventory, offset by lower throughput as a result of load shedding requirements related to the power shortage in Ghana.\nCosts applicable to sales per ounce increased 18% due to higher mining and site support costs, partially offset by lower oil prices and milling costs.\nDepreciation and amortization per ounce increased 11% due to higher amortization rates.\nAll-in sustaining costs per ounce increased 35% due to higher costs applicable to sales per ounce and higher sustaining capital spend."}
{"_id": "d86a875d4", "title": "", "text": "| As of December | in millions | Balance, beginning of year | Increases based on tax positions related to the current year | Increases based on tax positions related to prior years | Decreases related to tax positions of prior years | Decreases related to settlements | Acquisitions/(dispositions) | Exchange rate fluctuations | Balance, end of year | Related deferred income tax asset1 | Net unrecognized tax benefit2 |"}
{"_id": "d89e64852", "title": "", "text": "As of February 1, 2012, there were 1,230 holders of record of our common shares.\nRecent Sales of Unregistered Securities During the fourth quarter of 2011, we issued 20,891 common shares upon the redemption of Class A units of the Operating Partnership held by persons who received units, in private placements in earlier periods, in exchange for their interests in limited partnerships that owned real estate.\nThe common shares were issued without registration under the Securities Act of 1933 in reliance on Section 4 (2) of that Act.\nInformation relating to compensation plans under which our equity securities are authorized for issuance is set forth under Part III, Item 12 of this Annual Report on Form 10-K and such information is incorporated by reference herein.\nRecent Purchases of Equity Securities In December 2011, we received 410,783 Vornado Common shares at an average price of $76.36 per share as payment for the exercise of certain employee options."}
{"_id": "d8b9e7f0c", "title": "", "text": "Note 2 BUSINESS SEGMENT INFORMATION BMS operates in a single segment engaged in the discovery, development, licensing, manufacturing, marketing, distribution and sale of innovative medicines that help patients prevail over serious diseases.\nA global research and development organization and supply chain organization are responsible for the development and delivery of products to the market.\nRegional commercial organizations are used to distribute and sell the product.\nThe business is also supported by global corporate staff functions.\nSegment information is consistent with the financial information regularly reviewed by the chief executive officer for purposes of evaluating performance, allocating resources, setting incentive compensation targets, and planning and forecasting future periods.\nProducts are sold principally to wholesalers, and to a lesser extent, directly to distributors, retailers, hospitals, clinics, government agencies and pharmacies.\nGross revenues to the three largest pharmaceutical wholesalers in the U. S.  as a percentage of global gross revenues were as follows:"}
{"_id": "d89d22cb4", "title": "", "text": "| (Millions) 2011 2010 2009 | Royalty income | Share of net earnings (loss) of equity affiliates (See Note 5) | Gain on sale of assets | Other | Total |"}
{"_id": "d89f07c0a", "title": "", "text": "| Coal Nuclear Natural Gas Renewables Oil | Ameren:(a) | 2011 | 2010 | 2009 | Ameren Missouri: | 2011 | 2010 | 2009 | Merchant Generation: | 2011 | 2010 | 2009 | Genco: | 2011 | 2010 | 2009 | Unrecognized Tax Benefits | Balance at July 1, 2008 | Additions for current year tax positions | Additions for prior year tax positions | Reductions for prior year tax positions | Settlements | Reductions related to expirations of statute of limitations | Balance at June 30, 2009 | Additions for current year tax positions | Reductions for current year tax positions | Additions for prior year tax positions | Reductions for prior year tax positions | Settlements | Reductions related to expirations of statute of limitations | Balance at June 30, 2010 |"}
{"_id": "d8b031242", "title": "", "text": "| 2016 2015 2014 | Accounts receivable | Inventory | Accounts payable | Cash conversion cycle |"}
{"_id": "d828efc98", "title": "", "text": "Issuer Purchases of Equity Securities Repurchases of common stock are made to support the Companys stock-based employee compensation plans and for other corporate purposes.\nOn February 13, 2006, the Board of Directors authorized the purchase of $2.0 billion of the Companys common stock between February 13, 2006 and February 28, 2007.\nIn August 2006, 3Ms Board of Directors authorized the repurchase of an additional $1.0 billion in share repurchases, raising the total authorization to $3.0 billion for the period from February 13, 2006 to February 28, 2007.\nIn February 2007, 3Ms Board of Directors authorized a twoyear share repurchase of up to $7.0 billion for the period from February 12, 2007 to February 28, 2009."}
{"_id": "d8a8e9bc4", "title": "", "text": "CONSOLIDATED OVERVIEW 2017 IN REVIEW ?\nOutstanding operating performance: ?\nRevenue increased to $31 billion with growth in our Aerospace and Combat Systems groups.  ?\nOperating earnings of $4.2 billion and operating margin of 13.5% increased 11.9% and 130 basis points, respectively, from 2016.  ?\nReturn on sales increased 60 basis points from 2016 to 9.4%.  ?\nEarnings from continuing operations per diluted share of $9.56 increased 10.6% from 2016.  ?\nFree cash flow from operations was 119% of earnings from continuing operations.  ?\n$2.9 billion of cash deployed for share repurchases, dividends and business acquisitions, consistent with 2016.  ?\nReturn on invested capital (ROIC) of 16.8%, 50 basis points higher than 2016.  ?\nRobust backlog of $63.2 billion increased nearly $1 billion from 2016, supporting our long-term growth expectations.  ?\nNet orders for Gulfstream aircraft increased over 20% from 2016.  ?\nSeveral significant contract awards received in 2017 in our defense groups."}
{"_id": "d84845890", "title": "", "text": "The valuation allowance primarily relates to net operating loss and tax credit carryforwards for which utilization is uncertain.\nCumulative tax losses in certain state and foreign jurisdictions during recent years, limited carryforward periods in certain jurisdictions, future reversals of existing taxable temporary differences, and reasonable tax planning strategies were among the factors considered in determining the valuation allowance.\nThese loss and credit carryforwards have expiration dates that vary generally over the next 20 years, but no significant amounts expire in any one year.\nDeferred income taxes and withholding taxes have been provided on earnings of our foreign subsidiaries to the extent it is anticipated that the earnings will be remitted in the future as dividends.\nThe tax effect of most distributions would be significantly offset by available foreign tax credits."}
{"_id": "d8dcdc620", "title": "", "text": "equity investment income.\nAt December 31, 2009 and 2008, the cost of this investment was $2.6 billion and the fair value was $5.4 billion and $2.5 billion.\nAt December 31, 2009 and 2008, the Corporation had a 24.9 percent, or $2.5 billion and $2.1 billion, investment in Grupo Financiero Santander, S. A. , the subsidiary of Grupo Santander, S. A.\nThis investment is recorded in other assets and is accounted for under the equity method of accounting with income being recorded in equity investment income.\nAs part of the acquisition of Merrill Lynch, the Corporation acquired an economic ownership in BlackRock, a publicly traded investment company.\nAt December 31, 2009, the carrying value was $10.0 billion representing approximately a 34 percent economic ownership interest in BlackRock.\nThis investment is recorded in other assets and is accounted for using the equity method of accounting with income being recorded in equity investment income.\nDuring 2009, BlackRock completed its purchase of Barclays Global Investors, an asset management business, from Barclays PLC which had the effect of diluting the Corporations ownership interest in BlackRock from approximately 50 percent to approximately 34 percent and, for accounting purposes, was treated as a sale of a portion of the Corporations ownership interest.\nAs a result, upon the closing of this transaction, the Corporation recorded an adjustment to its investment inBlackRock, resulting in a pre-tax gain of $1.1 billion.\nThe summarized earnings information for BlackRock, which represents 100 percent of BlackRock, includes revenues of $4.7 billion, operating income and income before income taxes of $1.3 billion, and net income of $875 million in 2009.\nOn June 26, 2009, the Corporation entered into a joint venture agreement with First Data Corporation (First Data) creating Banc of America Merchant Services, LLC.\nUnder the terms of the agreement, the Corporation contributed its merchant processing business to the joint venture and First Data contributed certain merchant processing contracts and personnel resources.\nThe Corporation recorded in other income a pre-tax gain of $3.8 billion related to this transaction.\nThe Corporation owns approximately 46.5 percent of this joint venture, 48.5 percent is owned by First Data, with the remaining stake held by a third party investor.\nThe third party investor has the right to put their interest to the joint venture which would have the effect of increasing the Corporations ownership interest to 49 percent.\nThe investment in the joint venture, which was initially recorded at a fair value of $4.7 billion, is being accounted for under the equity method of accounting with income being recorded in equity investment income.\nThe carrying value at December 31, 2009 was $4.7 billion."}
{"_id": "d8c95a6c4", "title": "", "text": "DEVELOPING BUSINESSES DIVISION"}
{"_id": "d8e6b82d4", "title": "", "text": "| Year ended December 31, 2009 2008 | (in millions) | Allowance for loan losses: | Beginning balance at January 1, | Gross charge-offs | Gross (recoveries) | Net charge-offs | Provision for loan losses: | Provision excluding accounting conformity | Accounting conformity(a) | Total provision for loan losses | Acquired allowance resulting from Washington Mutual transaction | Other(b) | Ending balance at December 31 | Components: | Asset-specific(c)(d) | Formula-based | Purchased credit-impaired | Total allowance for loan losses | Allowance for lending-related commitments: | Beginning balance at January 1, | Provision for lending-related commitments | Provision excluding accounting conformity | Accounting conformity(a) | Total provision for lending-related commitments | Acquired allowance resulting from Washington Mutual transaction | Other(b) | Ending balance at December 31 | Components: | Asset-specific | Formula-based | Total allowance for lending-related commitments | Total allowance for credit losses | Credit ratios: | Allowance for loan losses to retained loans | Net charge-off rates(e) | Credit ratios excluding home lending purchased credit-impairedloans and loans held by the Washington Mutual Master Trust | Allowance for loan losses to retained loans(f) |"}
{"_id": "d86a04760", "title": "", "text": "| December 31 - in millions 2007 2006 | Commercial | Commercial real estate | Consumer | Residential mortgage | Lease financing | Other | Total loans | Unearned income | Total loans, net of unearned income |"}
{"_id": "d8d6c5e62", "title": "", "text": "| As of December 31, 2014 Under 1 Year 1 to 5 Years 6 to 10 Years Over 10 Years | (Dollars in millions) | Available for sale-1: | U.S. Treasury and federal agencies: | Direct obligations | Mortgage-backed securities | Asset-backed securities: | Student loans | Credit cards | Sub-prime | Other | Total asset-backed | Non-U.S. debt securities: | Mortgage-backed securities | Asset-backed securities | Government securities | Other | Total non-U.S. debt securities | State and political subdivisions-2 | Collateralized mortgage obligations | Other U.S. debt securities | Total | Held to maturity-1: | U.S. Treasury and federal agencies: | Direct Obligations | Mortgage-backed securities | Asset-backed securities | Student loans | Credit cards | Other | Total asset-backed | Non-U.S. debt securities: | Mortgage-backed securities | Asset-backed securities | Government securities | Other | Total non-U.S. debt securities | State and political subdivisions-2 | Collateralized mortgage obligations | Total |"}
{"_id": "d818bcd58", "title": "", "text": "| In millions December 312012 December 312011 | Commercial mortgages at fair value | Commercial mortgages at lower of cost or market | Total commercial mortgages | Residential mortgages at fair value | Residential mortgages at lower of cost or market | Total residential mortgages | Other | Total |"}
{"_id": "d8926f6be", "title": "", "text": "| Years ended December 31 2014 2013 2012 | Revenue | Operating income | Operating margin |"}
{"_id": "d8b71cc0a", "title": "", "text": "| Plan category Number of securities to be issued upon exercise of outstanding options, warrants and rights(a) Weighted-average exerciseprice of outstanding options, warrants and rights(b) Number of securitiesremaining available forfuture issuance under equity compensation plans (excluding securities reflected in column (a))(c) | Equity compensation plans approved by security holders | Equity compensation plans not approved by security holders | Total |"}
{"_id": "d8bc6403c", "title": "", "text": "| Common stock under stock and option plans 21,829 | Common stock under the Vertex Purchase Plan | Common stock under the Vertex 401(k) Plan | Total |"}
{"_id": "d8aab42a6", "title": "", "text": "| December 31, 2014 2013 | Cash and cash equivalents | Equity securities: | U.S.-based companies | International-based companies | Fixed-income securities: | Government bonds | Corporate bonds and debt securities | Mutual, pooled and commingled funds | Hedge funds/limited partnerships | Real estate | Other | Total other postretirement benefit plan assets1 |"}
{"_id": "d8c6e9188", "title": "", "text": "| 2010 2009 2008 | (in millions) | Balance, beginning of year | Capitalization of commissions, sales and issue expenses | Amortization—Impact of assumption and experience unlocking and true-ups | Amortization—All Other | Change in unrealized investment gains and losses | Foreign currency translation and other | Balance, end of year |"}
{"_id": "d8e02c8d4", "title": "", "text": "| Balance at January 1, 2011 $118,314 | Increases in current period tax positions | Decreases in prior period measurement of tax positions | Balance at December 31, 2011 | Increases in current period tax positions | Decreases in prior period measurement of tax positions | Balance at December 31, 2012 |"}
{"_id": "d8e67f9c0", "title": "", "text": "| Millions, Except Estimated UsefulLifeAs of December 31, 2013 Cost$5,120 AccumulatedDepreciation$N/A Net BookValue$5,120 EstimatedUseful LifeN/A | Road: | Rail and other track material | Ties | Ballast | Other roadway [a] | Total road | Equipment: | Locomotives | Freight cars | Work equipment and other | Total equipment | Technology and other | Construction in progress | Total |"}
{"_id": "d8a54c53e", "title": "", "text": "| In millions 2017 2016 2015 | Weighted-average number of basic shares | Shares issuable under incentive stock plans | Weighted-average number of diluted shares |"}
{"_id": "d8b1d2696", "title": "", "text": "| Rating equivalent 2014 2013(a) | December 31,(in millions, except ratios) | AAA/Aaa to AA-/Aa3 | A+/A1 to A-/A3 | BBB+/Baa1 to BBB-/Baa3 | BB+/Ba1 to B-/B3 | CCC+/Caa1 and below | Total |"}
{"_id": "d86eac6f0", "title": "", "text": "| RSUs PSUs | Number of Shares | Nonvested as of January 1, 2009 | Granted | Replacement awards | Vested | Forfeited | Nonvested at December 31, 2009 | Pension Benefits | Years Ended December 31 | Service cost | Interest cost | Expected return on plan assets | Net amortization | Termination benefits | Curtailments | Settlements | Net pension and other postretirement cost |"}
{"_id": "d87a7e1ea", "title": "", "text": "Operating expenses were up $137 million from 2003, as higher expenses for salaries and employee benefits, transaction processing, occupancy and other fees were largely offset by decreases in merger, integration, divestiture and restructuring costs.\nOperating expenses for 2004 included $62 million of merger and integration costs, compared with $110 million of merger, integration and divestiture costs in 2003.\nIn addition, 2004 operating expenses included $21 million of restructuring costs related to a reduction in force, down from $296 million in 2003.\nSalaries and employee benefits expense increased $226 million for 2004, driven by higher incentive compensation costs resulting from our improved earnings, somewhat offset by a decrease in expenses for costs related to the PAM business prior to its sale.\nInformation systems and communications expense decreased $24 million from the prior year, primarily the result of the benefits of converting GSS customers to our systems.\nTransaction processing services expense increased $84 million from 2003.\nThese expenses, which are in large part volume-related, include equity trading services and fees related to securities settlement, subcustodian fees and external contract services.\nThe increase resulted from a higher level of investment activity combined with higher net asset values that impact subcustodian fees.\nOccupancy expense increased $63 million from 2003, reflective of our move to our new corporate headquarters, the costs of a new data center, and the recognition of a loss of $16 million from a sub-lease agreement.\nMerger and integration costs related to the acquisition of the GSS business were $62 million in 2004, down from $103 million in 2003.\nDivestiture costs related to the sale of the PAM business were $7 million in 2003."}
{"_id": "d82eeda32", "title": "", "text": "| Base period Indexed Returns For the Years Ended December 31, | Company/Index | Mastercard | S&P 500 Financials | S&P 500 Index |"}
{"_id": "d8e903bba", "title": "", "text": "| 2005 2004 | As of December 31, | Media | Automotive | Consumer products | Telecom services | Airlines | Utilities | Machinery and equipmentmanufacturing | Retail and consumer services | Real estate | Building materials/construction | All other | Total excluding HFS | Held-for-sale(a) | Total |"}
{"_id": "d89ed63da", "title": "", "text": "Capitalized SoftwareThe Company accounts for capitalized software under applicable accounting guidance which, among other provisions, requires capitalization of certain internal-use software costs once certain criteria are met.\nOverhead, general and administrative and training costs are not capitalized.\nCapitalized software balances, net of accumulated amortization, were $4.4 million and $4.6 million at December 31, 2016 and 2015, respectively.\nStock-Based CompensationThe Company recognizes expense for the grant date fair value of its employee stock awards on a straight-line basis (or, in the case of performance-based awards, on a graded basis) over the employees requisite service period (generally the vesting period of the award).\nThe fair value of option awards is estimated using the Black-Scholes option valuation model.\nDue to the adoption of an ASU in 2016, cash flows resulting from the tax benefits arising from tax deductions in excess of the compensation cost recognized for stock award exercises (excess tax benefits) are no longer classified as financing cash flows.\nPrior periods were not adjusted, as the ASU was adopted on a prospective basis.\nSee the the caption Recent Accounting Prononcements elsewhere in this Note for additional information regarding the ASU."}
{"_id": "d85fddfa2", "title": "", "text": "| Year Ended December 31 2013 2012 Variance | Revenues | Operating earnings | Operating margins |"}
{"_id": "d8232efe8", "title": "", "text": "| Year Ended December 31, | 2010 | ($ in millions) | Production | Ad valorem | Other | Total |"}
{"_id": "d862b5a18", "title": "", "text": "| December 31, | 2014 | U.S. | (in millions) | Accumulated Benefit Obligation | Information for pension plans with an accumulated benefit obligation in excess of plan assets: | Projected benefit obligation | Accumulated benefit obligation | Fair value of plan assets | Information for pension plans with a projected benefit obligation in excess of plan assets: | Projected benefit obligation | Fair value of plan assets |"}
{"_id": "d888b5ad8", "title": "", "text": "| December 31, 2007 | Public | Carrying amount | (in millions) | Three months or less | Greater than three to six months | Greater than six to nine months | Greater than nine to twelve months | Greater than twelve to twenty-four months | Greater than twenty-four to thirty-six months | Greater than thirty-six months | Total fixed maturities, available-for-sale |"}
{"_id": "d887b742e", "title": "", "text": "| 2014 2013 2012 | Weighted-average fair value ($) | Risk-free interest rate (%) | Average expected option life (years) | Expected volatility (%) | Expected dividend yield (%) |"}
{"_id": "d8833c03e", "title": "", "text": "| December 31, 2008 December 31, 2007 | Carrying amount | ($ in millions) | Fixed maturity securities: | Public | Private | Equity securities | Mortgage loans: | Commercial | Residential | Real estate held for sale | Real estate held for investment | Policy loans | Other investments | Total invested assets | Cash and cash equivalents | Total invested assets and cash |"}
{"_id": "d86c3bd80", "title": "", "text": "| Thousands of Dt Delivered Revenues in Millions (a) | For the Years Ended | Description | Residential | General | Firm transportation | Total firm sales and transportation | Interruptible sales (c) | NYPA | Generation plants | Other | Other operating revenues (d) | Total |"}
{"_id": "d87b01f5e", "title": "", "text": "| Shares Weighted Average Grant-Date Fair Value | Nonvested at December 31, 2005 | Granted | Vested | Forfeited | Nonvested at December 31, 2006 |"}
{"_id": "d8ee8cfe6", "title": "", "text": "MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS (COMBINED FOR CON EDISON AND CON EDISON OF NEW YORK)–CONTINUED Electric delivery volumes in Con Edison of New York’s service area increased 1.9 percent in 2004 compared with 2003, reflecting principally increased new business.\nAfter adjusting for variations, principally weather and billing days in each period and the August 2003 regional power outage, electric delivery volumes in Con Edison of New York’s service area increased 1.4 percent in 2004 compared with 2003.\nWeather-adjusted sales represent an estimate of the sales that would have been made if historical average weather conditions had prevailed.\nCon Edison of New York’s electric fuel costs increased $46 million in 2004 as compared with 2003, primarily because the company’s generation plants were dispatched more frequently than in the same period last year.\nElectric purchased power costs decreased $80 million, reflecting a decrease in purchased volumes, partially offset by higher unit costs.\nCon Edison of New York’s electric operating income decreased $106 million in 2004 compared with 2003.\nThe principal components of the decrease were lower net revenues ($147 million), and increases in other operations and maintenance expense ($49 million – due primarily to a reduced net credit for pensions and other postretirement benefits), property taxes ($21 million) and depreciation ($16 million).\nThe increases in expense were offset in part by lower income tax ($80 million), state and local revenue taxes ($32 million), sales and use tax ($8 million).\nGas Con Edison of New York’s gas operating revenues in 2004 increased $8 million compared with 2003, reflecting primarily higher firm and non-firm revenues due principally to the gas rate plan ($23 million) and the reconciliation of gas distribution losses to levels reflected in rates, which resulted in a net benefit of $12 million.\nThis increase was partially offset by non-cash charge ($18 million) under the gas rate plan (see Note B to the financial statements).\nCon Edison of New York’s revenues from gas sales are subject to a weather normalization clause that moderates, but does not eliminate, the effect of weather-related changes on net income."}
{"_id": "d89ff7a2a", "title": "", "text": "| Years Ended December 31, | 2015 | Low Interest Rate Scenario | Three-month LIBOR | 10-year U.S. Treasury |"}
{"_id": "d894e01f0", "title": "", "text": "| Options(a,b) WeightedAverageExercisePrice WeightedAverageRemainingLife(years) AggregateIntrinsicValue(thousands) | Outstanding at December 31, 2012 | Granted | Exercised | Expired | Outstanding at December 31, 2013 | Granted | Exercised | Expired | Outstanding at December 31, 2014 | Granted | Exercised | Expired | Outstanding at December 31, 2015 |"}
{"_id": "d8a4b4054", "title": "", "text": "Note 6  Shareholders Equity and Share-based Compensation Preferred Stock The Company has five million shares of authorized preferred stock, none of which is issued or outstanding.\nUnder the terms of the Companys Restated Articles of Incorporation, the Board of Directors is authorized to determine or alter the rights, preferences, privileges and restrictions of the Companys authorized but unissued shares of preferred stock.\nDividend and Stock Repurchase Program In 2012, the Board of Directors of the Company approved a dividend policy pursuant to which it plans to make, subject to subsequent declaration, quarterly dividends of $2.65 per share.\nOn July 24, 2012, the Board of Directors declared a dividend of $2.65 per share to shareholders of record as of the close of business on August 13, 2012.\nThe Company paid $2.5 billion in conjunction with this dividend on August 16, 2012.\nNo dividends were declared in the first three quarters of 2012 or in 2011 and 2010."}
{"_id": "d86081b16", "title": "", "text": "Operating Environment.\nFollowing difficult market conditions and the impact of a challenging macroeconomic environment on corporate performance, particularly in the energy sector, in the first quarter of 2016, market conditions improved during the rest of the year as macroeconomic concerns moderated.\nGlobal equity markets increased during 2016, contributing to net gains from investments in public equities, and corporate performance rebounded from the difficult start to the year.\nIf macroeconomic concerns negatively affect corporate performance or company-specific events, or if global equity markets decline, net revenues in Investing & Lending would likely be negatively impacted.\nAlthough net revenues in Investing & Lending for 2015 benefited from favorable company-specific events, including sales, initial public offerings and financings, a decline in global equity prices and widening high-yield credit spreads during the second half of 2015 impacted results.2016 versus 2015.\nNet revenues in Investing & Lending were $4.08 billion for 2016, 25% lower than 2015.\nThis decrease was primarily due to significantly lower net revenues from investments in equities, primarily reflecting a significant decrease in net gains from private equities, driven by company-specific events and corporate performance.\nIn addition, net revenues in debt securities and loans were lower compared with 2015, reflecting significantly lower net revenues related to relationship lending activities, due to the impact of changes in credit spreads on economic hedges.\nLosses related to these hedges were $596 million in 2016, compared with gains of $329 million in 2015.\nThis decrease was partially offset by higher net gains from investments in debt instruments and higher net interest income.\nSee Note 9 to the consolidated financial statements for further information about economic hedges related to our relationship lending activities.\nOperating expenses were $2.39 billion for 2016, essentially unchanged compared with 2015.\nPre-tax earnings were $1.69 billion in 2016, 44% lower than 2015.2015 versus 2014.\nNet revenues in Investing & Lending were $5.44 billion for 2015, 20% lower than 2014.\nThis decrease was primarily due to lower net revenues from investments in equities, principally reflecting the sale of Metro in the fourth quarter of 2014 and lower net gains from investments in private equities, driven by corporate performance.\nIn addition, net revenues in debt securities and loans were significantly lower, reflecting lower net gains from investments."}
{"_id": "d8ab68f08", "title": "", "text": "| 2014 2013 2012 | Income from continuing operations | Income (loss) from discontinued operations, net of tax | Diluted earnings per share |"}
{"_id": "d8cbd7dde", "title": "", "text": "6.\nDERIVATIVE INSTRUMENTS AND HEDGING ACTIVITIES Risk Management Objectives The Company is exposed to market risks associated with its enterprise-wide business activities, namely the purchase and sale of fuel and electricity as well as foreign currency risk and interest rate risk.\nIn order to manage the market risks associated with these business activities, we enter into contracts that incorporate derivatives and financial instruments, including forwards, futures, options, swaps or combinations thereof, as appropriate.\nThe Company applies hedge accounting for all contracts as long as they are eligible under the accounting standards for derivatives and hedging.\nWhile derivative transactions are not entered into for trading purposes, some contracts are not eligible for hedge accounting.\nTHE AES CORPORATION NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued) DECEMBER 31, 2010, 2009, AND 2008 Recourse debt as of December 31, 2010 is scheduled to reach maturity as set forth in the table below:"}
{"_id": "d8e50d786", "title": "", "text": "| Years Ended December 31, | 2005 | Collection: | Residential | Commercial | Industrial | Other | Total collection | Transfer and disposal | Less: Intercompany | Transfer and disposal, net | Other | Revenue |"}
{"_id": "d8c5fae70", "title": "", "text": "| Income Statement Classification Gain/(Loss) on   Swaps Gain/(Loss)   on Note Net Income   Effect | Other income |"}
{"_id": "d86cd2a64", "title": "", "text": "In determining the allowance for credit losses, residential real estate loans and consumer loans are generally evaluated collectively after considering such factors as payment performance and recent loss experience and trends, which are mainly driven by current collateral values in the market place as well as the amount of loan defaults.\nLoss rates on such loans are determined by reference to recent charge-off history and are evaluated (and adjusted if deemed appropriate) through consideration of other factors including near-term forecasted loss estimates developed by the Company’s credit department.\nIn arriving at such forecasts, the Company considers the current estimated fair value of its collateral based on geographical adjustments for home price depreciation/appreciation and overall borrower repayment performance.\nWith regard to collateral values, the realizability of such values by the Company contemplates repayment of any first lien position prior to recovering amounts on a second lien position.\nHowever, residential real estate loans and outstanding balances of home equity loans and lines of credit that are more than 150 days past due are generally evaluated for collectibility on a loan-by-loan basis by giving consideration to estimated collateral values.\nThe carrying value of residential real estate loans and home equity loans and lines of credit for which a partial charge-off has been recognized totaled $29 million and $23 million, respectively, at December 31, 2018 and $34 million and $25 million, respectively, at December 31, 2017.\nResidential real estate loans and home equity loans and lines of credit that were more than 150 days past due but did not require a partial charge-off because the net realizable value of the collateral exceeded the outstanding customer balance were $21 million and $31 million, respectively, at December 31, 2018 and $20 million and $32 million, respectively, at December 31, 2017.\nThe Company also measures additional losses for purchased impaired loans when it is probable that the Company will be unable to collect all cash flows expected at acquisition plus additional cash flows expected to be collected arising from changes in estimates after acquisition.\nThe determination of the allocated portion of the allowance for credit losses is very subjective.\nGiven that inherent subjectivity and potential imprecision involved in determining the allocated portion of the allowance for credit losses, the Company also provides an inherent unallocated portion of the allowance.\nThe unallocated portion of the allowance is intended to recognize probable losses that are not otherwise identifiable and includes management’s subjective determination of amounts necessary to provide for the possible use of imprecise estimates in determining the allocated portion of the allowance.\nTherefore, the level of the unallocated portion of the allowance is primarily reflective of the inherent"}
{"_id": "d89bd475e", "title": "", "text": "| As of December 31, | 2010 | AIG | S&P 500 | Peer Group |"}
{"_id": "d8194e7e4", "title": "", "text": "| Year Ended December 31, | 2014 | Other revenue special item, net -1 | Mainline operating special items, net -2 | Regional operating special items, net | Nonoperating special items, net -3 | Reorganization items, net -4 | Income tax special items, net -5 | Total |"}
{"_id": "d86b9708c", "title": "", "text": "| December 31, | (DOLLARS IN THOUSANDS) | Equity-based awards | Liability-based awards | Total stock-based compensation | Less tax benefit | Total stock-based compensation, net of tax | December 31, | (DOLLARS IN THOUSANDS) | Equity-based awards | Liability-based awards | Total stock-based compensation | Less tax benefit | Total stock-based compensation, net of tax |"}
{"_id": "d8124326a", "title": "", "text": "Payments to participants in the unfunded Other Liquidity Items Cash payments required for long-term debt maturities, rental payments under noncancellable operating leases, purchase obligations and other commitments in effect at December 31, 2010, are summarized in the following table:\n(a) Amounts reported in local currencies have been translated at the year-end 2010 exchange rates.\n(b) For variable rate facilities, amounts are based on interest rates in effect at year end and do not contemplate the effects of hedging instruments.\n(c) The company¡¯s purchase obligations include contracted amounts for aluminum, steel and other direct materials.\nAlso included are commitments for purchases of natural gas and electricity, aerospace and technologies contracts and other less significant items.\nIn cases where variable prices and/or usage are involved, management¡¯s best estimates have been used.\nDepending on the circumstances, early termination of the contracts may or may not result in penalties and, therefore, actual payments could vary significantly.\nThe table above does not include $60.1 million of uncertain tax positions, the timing of which is uncertain.\nContributions to the company¡¯s defined benefit pension plans, not including the unfunded German plans, are expected to be in the range of $30 million in 2011.\nThis estimate may change based on changes in the Pension Protection Act and actual plan asset performance, among other factors.\nBenefit payments related to these plans are expected to be $71.4 million, $74.0 million, $77.1 million, $80.3 million and $84.9 million for the years ending December 31, 2011 through 2015, respectively, and a total of $483.1 million for the years 2016 through 2020.\nPayments to participants in the unfunded German plans are expected to be between $21.8 million (€16.5 million) to $23.2 million (€17.5 million) in each of the years 2011 through 2015 and a total of $102.7 million (€77.5 million) for the years 2016 through 2020.\nFor the U. S.  pension plans in 2011, we changed our return on asset assumption to 8.00 percent (from 8.25 percent in 2010) and our discount rate assumption to an average of 5.55 percent (from 6.00 percent in 2010).\nBased on the changes in assumptions, pension expense in 2011 is anticipated to be relatively flat compared to 2010.\nA reduction of the expected return on pension assets assumption by a quarter of a percentage point would result in an estimated $2.9 million increase in the 2011 global pension expense, while a quarter of a percentage point reduction in the discount rate applied to the pension liability would result in an estimated $3.5 million of additional pension expense in 2011.\nAdditional information regarding the company¡¯s pension plans is provided in Note 14 accompanying the consolidated financial statements within Item 8 of this report.\nAnnual cash dividends paid on common stock were 20 cents per share in 2010, 2009 and 2008.\nTotal dividends paid were $35.8 million in 2010, $37.4 million in 2009 and $37.5 million in 2008.\nOn January 26, 2011, the company¡¯s board of directors approved an increase in the quarterly dividends to 7 cents per share.\nShare Repurchases Our share repurchases, net of issuances, totaled $506.7 million in 2010, $5.1 million in 2009 and $299.6 million in 2008.\nOn November 2, 2010, we acquired 2,775,408 shares of our publicly held common stock in a private transaction for $88.8 million.\nOn February 17, 2010, we entered into an accelerated share repurchase agreement to buy $125.0 million of our common shares using cash on hand and available borrowings.\nWe advanced the $125.0 million on February 22, 2010, and received 4,323,598 shares, which represented 90 percent of the total shares as calculated using the previous day¡¯s closing price.\nThe agreement was settled on May 20, 2010, and the company received an additional 398,206 shares.\nNet repurchases in 2008 included a $31 million settlement on January 7, 2008, of a forward contract entered into in December 2007 for the repurchase of 1,350,000 shares.\nFrom January 1 through February 24, 2011, Ball repurchased an additional $143.3 million of its common stock.\nTable of Contents into U. S.  Dollars using the spot foreign exchange rate in effect on the exercise date.\nUpon the exercise of share options, the company either issues new shares or can utilize shares held in treasury (see Note 10, “Share Capital”) to satisfy the exercise.\nThe share option plans provided for a grant price equal to the quoted market price of the company's shares on the date of grant.\nIf the options remain unexercised after a period of 10 years from the date of grant, the options expire.\nFurthermore, options are forfeited if the employee leaves the company before the options vest.\nAll options outstanding at December 31, 2011were exercisable and had a range of exercise prices from ￡6.39 to ￡19.19, and weighted average remaining contractual life of 2.62 years.\nThe total intrinsic value of options exercised during the years ended December 31, 2011, 2010, and 2009, was $9.2 million, $18.5 million, and $20.7 million, respectively.\nAt December 31, 2011, the aggregate intrinsic value of options outstanding and options exercisable was $36.3 million.\nThe market price of the company's common stock at December 31, 2011 was $20.09 (December 31, 2010: $24.06).\nChanges in outstanding share option awards are as follows:"}
{"_id": "d8c043a9a", "title": "", "text": "| December 31, 2018 December 31, 2017 | CarryingValue | Mortgages and notes payable | Senior notes and debentures |"}
{"_id": "d89e1e852", "title": "", "text": "Research and Development Research and development expenses consist primarily of personnel-related costs, including salaries, benefits and stock-based compensation, for our engineers and other employees engaged in the research and development of our products and services.\nIn addition, research and development expenses include amortization of acquired intangible assets, allocated facilities and other supporting overhead costs."}
{"_id": "d874d7854", "title": "", "text": "(1) Other International includes EOG's United Kingdom, China, Canada and Argentina operations.\nThe Argentina operations were sold in the third quarter of 2016.\n(2) Thousand barrels or thousand barrels of oil equivalent, as applicable; oil equivalents include crude oil and condensate, NGLs and natural gas.\nOil equivalents are determined using a ratio of 1.0 barrel of crude oil and condensate or NGLs to 6.0 thousand cubic feet of natural gas.\n(3) Billion cubic feet."}
{"_id": "d8bd675d8", "title": "", "text": "Goodwill.\nGoodwill is the cost of acquired companies in excess of the fair value of net assets, including identifiable intangible assets, at the acquisition date.\nGoodwill is assessed for impairment annually in the fourth quarter or more frequently if events occur or circumstances change that indicate an impairment may exist.\nWhen assessing goodwill for impairment, first, qualitative factors are assessed to determine whether it is more likely than not that the fair value of a reporting unit is less than its carrying amount.\nIf the results of the qualitative assessment are not conclusive, a quantitative goodwill test is performed.\nThe quantitative goodwill test consists of two steps: ° The first step compares the estimated fair value of each reporting unit with its estimated net book value (including goodwill and identifiable intangible assets).\nIf the reporting units estimated fair value exceeds its estimated net book value, goodwill is not impaired.\nTo estimate the fair value of each reporting unit, a relative value technique is used because the firm believes market participants would use this technique to value the firms reporting units.\nThe relative value technique applies observable price-to-earnings multiples or price-to-book multiples and projected return on equity of comparable competitors to reporting units net earnings or net book value.\nThe net book value of each reporting unit reflects an allocation of total shareholders equity and represents the estimated amount of total shareholders equity required to support the activities of the reporting unit under currently applicable regulatory capital requirements.\n° If the estimated fair value of a reporting unit is less than its estimated net book value, the second step of the goodwill test is performed to measure the amount of impairment, if any.\nAn impairment is equal to the excess of the carrying amount of goodwill over its fair value.\nDuring the fourth quarter of 2016, the firm assessed goodwill for impairment using a qualitative assessment.\nMultiple factors were assessed with respect to each of the firms reporting units to determine whether it was more likely than not that the fair value of any of these reporting units was less than its carrying amount.\nThe qualitative assessment also considered changes since the 2015 quantitative test.\nIn accordance with ASC 350, the firm considered the following factors in the qualitative assessment performed in the fourth quarter when evaluating whether it was more likely than not that the fair value of a reporting unit was less than its carrying amount: ° Performance Indicators.\nDuring 2016, the firms net earnings, pre-tax margin, diluted earnings per common share, return on average common shareholders equity and book value per common share increased as compared with 2015.\nIn addition, the firms overall cost structure declined reflecting the impact of expense savings initiatives.\n° Firm and Industry Events.\nThere were no events, entityspecific or otherwise, since the 2015 quantitative goodwill test that would have had a significant negative impact on the valuation of the firms reporting units.\n° Macroeconomic Indicators.\nSince the 2015 quantitative goodwill test, the firms general operating environment improved as concerns about the outlook for global economic growth moderated.\n° Fair Value Indicators.\nSince the 2015 quantitative goodwill test, fair value indicators improved as global equity prices increased and credit spreads tightened.\nIn addition, most publicly-traded industry participants, including the firm, experienced increases in stock price, price-to-book multiples and price-to-earnings multiples.\nAs a result of the qualitative assessment, the firm determined that it was more likely than not that the fair value of each of the reporting units exceeded its respective carrying amount.\nNotwithstanding the results of the qualitative assessment, since the 2015 quantitative goodwill test determined that the estimated fair value of the Fixed Income, Currency and Commodities Client Execution reporting unit was not substantially in excess of its carrying value, the firm also performed a quantitative test on this reporting unit during the fourth quarter of 2016.\nIn the quantitative test, the estimated fair value of the Fixed Income, Currency and Commodities Client Execution reporting unit substantially exceeded its carrying value.\nTherefore, the firm determined that goodwill for all reporting units was not impaired."}
{"_id": "d819d259e", "title": "", "text": "A reconciliation of the amounts included in the computation of earnings per common share from continuing operations, and diluted earnings per common share from continuing operations is as follows:\nNote: If an amount does not appear in the above table, the security was antidilutive for the period presented.\nNOTE 3 INDUSTRY SEGMENT INFORMATION Financial information by industry segment and geographic area for 2006, 2005 and 2004 is presented on pages 43 and 44."}
{"_id": "d8cc9e1aa", "title": "", "text": "| Change | 2007 | Government segment medical members: | Medicare Advantage | Medicare stand-alone PDP | Total Medicare | Military services | Military services ASO | Total military services | Medicaid | Medicaid ASO | Total Medicaid | Total Government | Commercial segment medical members: | Fully-insured | ASO | Total Commercial | Total medical membership |"}
{"_id": "d8f790c14", "title": "", "text": "| PXP MMR Total | Increase in current assets (primarily current deferred income tax asset) | Decreases in oil and gas properties - full cost method: | Subject to amortization | Not subject to amortization | Increase in other assets (deferred income tax asset) | Net increase in deferred income tax liability | Net decrease (increase) in other liabilities (primarily warrants) | Decrease in redeemable noncontrolling interest | (Decrease) increase in goodwill |"}
{"_id": "d8e83c650", "title": "", "text": "| Balance at October 1, 2010 $19,900 | Increases based on positions related to prior years | Increases based on positions related to current year | Decreases relating to settlements with taxing authorities | Decreases relating to lapses of applicable statutes of limitations | Balance at September 30, 2011 |"}
{"_id": "d8ed89a72", "title": "", "text": "| At July 31, 2015 At July 31, 2014 | (In millions) | Assets: | Cash equivalents, primarily money market funds | Available-for-sale debt securities: | Municipal bonds | Municipal auction rate securities | Corporate notes | U.S. agency securities | Total available-for-sale securities | Total assets measured at fair value on a recurring basis | Liabilities: | Senior notes -1 |"}
{"_id": "d871ce3d8", "title": "", "text": "Restructuring charges.\nIn September 2018, we initiated a restructuring plan to match strategic and financial objectives and optimize resources for long term growth.\nAs a result of these initiatives, we recorded a restructuring charge of $18.4 million in the fourth quarter of fiscal year 2018 related to a reduction in workforce.\nIn September 2017, we initiated a restructuring plan to reduce our operating expenses and better align our workforce and costs with market opportunities, product development and business strategies.\nAs a result of these initiatives, we recorded a restructuring charge of $12.7 million in the fourth quarter of fiscal year 2017 related to a reduction in workforce."}
{"_id": "d8b8490b0", "title": "", "text": "| Share Awards Weighted Average  Grant-Date  Fair Value | Non-vested at May 31, 2007 | Granted | Vested | Forfeited | Non-vested at May 31, 2008 | Granted | Vested | Forfeited | Non-vested at May 31, 2009 |"}
{"_id": "d81589514", "title": "", "text": "| 2010 | (millions of dollars) | Operating income increase | Net earnings increase attributable to BorgWarner Inc. | Earnings per share increase — Basic | Earnings per share increase — Diluted |"}
{"_id": "d8c2352cc", "title": "", "text": "| Year ended December 31, (in millions) 2008 2007 2006 | U.S. | Non-U.S.(a) | Income from continuing operationsbefore income taxexpense (benefit) |"}
{"_id": "d85e0b602", "title": "", "text": "| As of December 31, | Year Ended December 31, | 2005 |"}
{"_id": "d81dec9c2", "title": "", "text": "| September 30, 2006 September 24, 2005 September 25, 2004 | Beginning allowance balance | Charged to costs and expenses | Deductions(a) | Ending allowance balance |"}
{"_id": "d8d698a52", "title": "", "text": "| Actual Allocations Target Allocations | Asset Class | Fixed income | Global equity | Private equity | Real estate and real assets | Hedge funds | Total |"}
{"_id": "d827cc6a4", "title": "", "text": "| Number of RSUs (In thousands) Weighted Average Grant-Date Fair Value PerShare | Nonvested at December 31, 2011 | Granted | Vested | Forfeited | Nonvested at December 31, 2012 | Granted | Vested | Forfeited | Nonvested at December 31, 2013 | Granted | Vested | Forfeited | Nonvested at December 31, 2014 |"}
{"_id": "d8afe3d76", "title": "", "text": "Other Off-Balance Sheet Commitments Lease Commitments The Company leases various equipment and facilities, including retail space, under noncancelable operating lease arrangements.\nThe Company does not currently utilize any other off-balance sheet financing arrangements.\nThe major facility leases are typically for terms not exceeding 10 years and generally provide renewal options for terms not exceeding five additional years.\nLeases for retail space are for terms ranging from five to 20 years, the majority of which are for 10 years, and often contain multi-year renewal options.\nAs of September 29, 2012, the Company’s total future minimum lease payments under noncancelable operating leases were $4.4 billion, of which $3.1 billion related to leases for retail space.\nRent expense under all operating leases, including both cancelable and noncancelable leases, was $488 million, $338 million and $271 million in 2012, 2011 and 2010, respectively.\nFuture minimum lease payments under noncancelable operating leases having remaining terms in excess of one year as of September 29, 2012, are as follows (in millions):"}
{"_id": "d8df72bbe", "title": "", "text": "| Payments Due by Period | Total | Debt-1 | Interest on debt-2 | Operating lease obligations-3 | Purchase obligations-4 | Total contractual obligations-5 |"}
{"_id": "d87be6d52", "title": "", "text": "| Number of Life Settlement Contracts Fair Value of Life Settlement Contracts Face Amount of Life Insurance Policies | (Dollar amounts in millions) | Estimated maturity during: | 2010 | 2011 | 2012 | 2013 | 2014 | Thereafter | Total |"}
{"_id": "d864446ea", "title": "", "text": "| Fair Value Impact | In Millions | Interest rate instruments | Foreign currency instruments | Commodity instruments | Equity instruments |"}
{"_id": "d8b5b946c", "title": "", "text": "| Millions of kWhs Delivered Revenues in Millions | Twelve Months Ended | Description | Residential/Religious(a) | Commercial/Industrial | Retail access customers | Public authorities | Other operating revenues | Total |"}
{"_id": "d85dd9a80", "title": "", "text": "| 12/31/01 12/31/02 12/31/03 12/31/04 12/31/05 12/31/06 | United Parcel Service, Inc. | S&P 500 Index | Dow Jones Transportation Average |"}
{"_id": "d873feca2", "title": "", "text": "| Shares Weighted- Average Grant- Date Fair Value | (In thousands) | Non-vested at January 1, 2013 | Granted | Vested | Forfeited | Non-vested at December 31, 2013 |"}
{"_id": "d88f1e69a", "title": "", "text": "A summary of the status of the Company’s performance stock units and restricted stock units as of December 31, 2005, and the change during 2005 is presented below:"}
{"_id": "d8e77afa0", "title": "", "text": "Certain investments in private equity and real estate ventures and certain equity method investments Citigroup invests in private equity and real estate ventures for the purpose of earning investment returns and for capital appreciation.\nThe Company has elected the fair-value option for certain of these ventures, because such investments are considered similar to many private equity or hedge fund activities in our investment companies, which are reported at fair value.\nThe fair-value option brings consistency in the accounting and evaluation of certain of these investments.\nAs required by SFAS 159, all investments (debt and equity) in such private equity and real estate entities are accounted for at fair value.\nThese investments are classified as Investments on Citigroups Consolidated Balance Sheet.\nCitigroup also holds various non-strategic investments in leveraged buyout funds and other hedge funds that previously were required to be accounted for under the equity method.\nThe Company elected fair-value accounting to reduce operational and accounting complexity.\nSince the funds account for all of their underlying assets at fair value, the impact of applying the equity method to Citigroups investment in these funds was equivalent to fair-value accounting.\nThus, this fair-value election had no impact on opening Retained earnings.\nThese investments are classified as Other assets on Citigroups Consolidated Balance Sheet.\nChanges in the fair values of these investments are classified in Other revenue in the Companys Consolidated Statement of Income."}
{"_id": "d878828b4", "title": "", "text": "| December 31, | 2014 | (in millions) | Stock option | Restricted stock-1 | Restricted stock units | Liability awards | Total |"}
{"_id": "d89a9ce54", "title": "", "text": "| Total Domestic International | $ | December 31, 2016 | Components of revenue change: | Foreign exchange impact | Acquisition revenue, net of disposition revenue | Organic growth | December 31, 2017 | 2017 | Americas: | North America | Latin America | EMEA: | Europe | Middle East and Africa | Asia-Pacific | $15,273.6 |"}
{"_id": "d8f125348", "title": "", "text": "Valuation techniques – Cash equivalents are mostly comprised of short-term money-market instruments and are valued at cost, which approximates fair value.\nU. S.  equity securities and international equity securities categorized as Level 1 are traded on active national and international exchanges and are valued at their closing prices on the last trading day of the year.\nFor U. S.  equity securities and international equity securities not traded on an active exchange, or if the closing price is not available, the trustee obtains indicative quotes from a pricing vendor, broker, or investment manager.\nThese securities are categorized as Level 2 if the custodian obtains corroborated quotes from a pricing vendor or categorized as Level 3 if the custodian obtains uncorroborated quotes from a broker or investment manager.\nCommingled equity funds are investment vehicles valued using the Net Asset Value (NAV) provided by the fund managers.\nThe NAV is the total value of the fund divided by the number of shares outstanding.\nCommingled equity funds are categorized as Level 1 if traded at their NAV on a nationally recognized securities exchange or categorized as Level 2 if the NAV is corroborated by observable market data (e. g. , purchases or sales activity) and we are able to redeem our investment in the near-term.\nFixed income investments categorized as Level 2 are valued by the trustee using pricing models that use verifiable observable market data (e. g. , interest rates and yield curves observable at commonly quoted intervals and credit spreads), bids provided by brokers or dealers, or quoted prices of securities with similar characteristics.\nFixed income investments are categorized at Level 3 when valuations using observable inputs are unavailable.\nThe trustee obtains pricing based on indicative quotes or bid evaluations from vendors, brokers, or the investment manager.\nPrivate equity funds, real estate funds, and hedge funds are valued using the NAV based on valuation models of underlying securities which generally include significant unobservable inputs that cannot be corroborated using verifiable observable market data.\nValuations for private equity funds and real estate funds are determined by the general partners.\nDepending on the nature of the assets, the general partners may use various valuation methodologies, including the income and market approaches in their models.\nThe market approach consists of analyzing market transactions for comparable assets while the income approach uses earnings or the net present value of estimated future cash flows adjusted for liquidity and other risk factors.\nHedge funds are valued by independent administrators using various pricing sources and models based on the nature of the securities.\nPrivate equity funds, real estate funds, and hedge funds are generally categorized as Level 3 as we cannot fully redeem our investment in the near-term."}
{"_id": "d8e7eb7c8", "title": "", "text": "Interest Expense Interest expense was $39.9 million, $37.5 million and $31.7 million for the years ended May 31, 2015, 2014 and 2013, respectively.\nInterest expense is comprised primarily of interest on our long-term debt and short-term lines of credit.\nInterest expense also includes settlements on our interest rate swap, amortization of deferred debt issuance costs, commitment fees on the unused portions of our Corporate Credit Facility and short-term lines of credit and interest related to unrecognized income tax benefits.\nInterest expense of $3.6 million that had been accrued related to an unrecognized tax benefit was eliminated as of May 31, 2015 and reflected as a reduction to Interest and other expense in the year ended May 31, 2015 in our consolidated statement of income.\nSee Note 8  Income Tax for further discussion.\nInterest expense during the year ended May 31, 2014 includes a loss on extinguishment of debt of $2.1 million in connection with the refinancing of our term loan and revolving credit facilities.\nInterest expense for the years ended May 31, 2014 and 2013 includes dividend payments to HSBC Asia in the amounts of $3.3 million and $8.4 million, respectively, related to a redeemable noncontrolling interest that HSBC Asia held in Global Payments Asia-Pacific.\nSee Note 3  Business and Intangible Asset Acquisitions and Joint Ventures-Redeemable Noncontrolling Interest Acquisition for further discussion."}
{"_id": "d871ce1da", "title": "", "text": "On January 1, 2012, the Company's health care cost trend assumption for US postretirement medical plan's net periodic benefit cost was 7.5% for the first year, declining 0.5% per year to an ultimate rate of 5%.\nOn January 1, 2011, the Company's health care cost trend assumption for US postretirement medical plan's net periodic benefit cost was 8% for the first four years declining 0.5% per year to an ultimate rate of 5%.\nOn January 1, 2010, the Company's health care cost trend assumption for US postretirement medical plan's net periodic benefit cost was 8.5% for the first year declining 0.5% per year to an ultimate rate of 5%.\nAssumed health care cost trend rates for US postretirement medical plans have a significant effect on the amounts reported for the health care plans.\nThe impact of a one percentage point change in the assumed health care cost trend is as follows:"}